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L c.' - r • <X - W f"!9 I Not f o r ^ p u b l i c a t i o n BOARD OP GOVERITOHS OF THE FEDERAL RESERVE SYSTEM I,.4.2 September 11, 1961 >/^ DECONTROLLED A7?^ IIATTJRITIZS OJ ^UTOKOBILJ I..ST LIT EiT LOANS J^JLY 1961 and JUNE'196.1 | (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Maturities New c a r s 24 months or l e s s 25-30 months 31-36 months Over 36 months Total Used c a r s 1 / 12 months o r l e s s 13-18 months 19-24 months Over 24 months Total , July 1 June i ! 25.7 ; 3.2 i 65.7 ! 0.4 | 100.0 1 ! : i 1 18.1 18.2 38.7 25.0 100.0 ! July June July 19.3 6.2 74.1 0.4 100.0 20.6 6.8 72.1 40.2 12.8 46.6 0.4 100.0 i j 27.0 t . 8.9 ;! 6 3 . 7 ii 0.4 I: 100.0 18.0 ! 18.2 ! 39.0 | 24.8 100.0 13.9 16.3 38.6 100.0 100.0 14.5 16.0 38.9 30.6 ],00.0 27.1 22.3 39.0 ; Direct loans ' June ! , , 40.7 13.2 45.8 ; 100.0 : | I 25.2 i 22.7 ! 39.1 11-6 ! 13.0 100.0 i 100.0 1/ F i g u r e s a r e predominantly f o r l a t e model used c a r s but i n c l u d e d a t a from a few banks f o r a l l used c a r s , • NOTE: D i s t r i b u t i o n s a r e based on t a b u l a t i o n s of d a t a from 128 banks f o r June and J u l y and a r e n o t intended t o be e s t i m a t e s f o r a l l commercial banks. In J u l y r e p o r t s covered about $8,000 c o n t r a c t s on new c a r s , 26,000 purchased and 12,000 d i r e c t , and 23,000 c o n t r a c t s on used c a r s , 16,000 purchased and 7,000 d i r e c t . Since composition of the group of banks changes from month t o month d a t a a r e not comparable with previous r e l e a s e s . For d i s t r i b u t i o n according t o m a t u r i t i e s and c o n t r a c t balance as a p e r centage of d e a l e r c o s t see f o l l o w i n g p a g e s . Not f o r publication L.4.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS JULY 1961 AND JUNE 1961 NBf CAES ( P e r c e n t a g e d i s t r i b u t i o n of c o n t r a c t s ) C o n t r a c t balance as percentage of dealer cost 1 / Maturities 25-30 j 31-36 months ! months J u l y j June ! J u l y I June 24 months or less J u l y June Over 36 months J u l y I June 1 J u l y 1 June PURCHASED PAPER 80$ o r l e s s 11.7 81# t o 90# 3.4 91% t o 100# 3.2 0.8 1 0 1 # to 1 1 0 # Over 110$ 0.3 Total 19.4 11.5 | 2 . 3 3.9 j 1.5 3.8 i 0.8 ; 0 . 5 0.4 2.61 1 4 . 8 1.6 ; 1 7 . 8 1.5 1 24.4 0 . 5 ! 11.8 0.2 20.4 6 . 4 I 74.4 | j 6.0 15.2 17.8 23.9 10.3 * 0.1 0.1 0.1 0.1 0.2 0.3 , OJ: Ij ! 72.9 28.8 22.8 29.2 13.1 6.1 I 100.0 | 29.3 23.4 29.3 11.6 100.0 DIRECT LOANS 80# o r l e s s 21.3 23.0 1 1 . 4 10.3 81# t o 90# 9-1# t o 100# 5.7 5.1 101# t o 110# 1 . 5 1.8 Over 110# _0^6 _0£ Total 40.5 4.9 5.4 1 5.1 4.1 3.3 1.0 0.9 0.5 0J> 6.0 11.6 9.9 14.0 5.2 2.5 13.4 4.7 2.2 0.1 43.6 0.1 3 8 . 9 I 40.3 26.3 26.7 23.0 22.7 7.6 1 7.5 3.8 ; 3.2 12.4 10.9 40.7 ] 1 6 . 2 15.6 43.2 3.2 2.4 1'9 0.6 14.1 16.0 22.0 10.3 4.8 21.1 67.2 65.4 0.1 0.1 !100.0 i100.0 TOTAL 80# o r l e s s 1 3 . 9 81# t o 9 0 # 5.3 3.8 91# t o 100# 101# to 110# 0 . 9 Over 110# 0.4 Total 24.3 14.5 5-5 4.2 1.0 0.4 M 3.1 2.6 2.2 0.6 03 25.6 8.4 8.8 14.5 ! 31.2 32.1 0.1 0.1 OJ: — 2 ^ 24.1 27.6 10.5 — u 0.1 0.2 100.0 100.0 16.0 23.7 8.9 4.9 27.8 11.8 l / C o n t r a c t "balance does n o t i n c l u d e f i n a n c e and i n s u r a n c e c h a r g e s . * Less t h a n o n e - t e n t h of one p e r c e n t . NOTE: D i s t r i b u t i o n s a r e based on t a b u l a t i o n s of d a t a from 6 l banks f o r June and J u l y and a r e n o t intended t o be e s t i m a t e s f o r a l l commercial banks. I n J u l y r e p o r t s covered about 15,000 c o n t r a c t s on new c a r s , 12,000 purchased and 3 , 0 0 0 ~ d i r e c t . Since composition of t h e group of banks changes from month to month, d a t a a r e n o t comparable w i t h p r e v i o u s r e l e a s e s . Not f o r p u b l i c a t i o n - 3 - L.k.2 DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) JULY 1961 AND JUNE 1961 USED CARS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Maturities Over 24 13-18 j 12 months J 19-24" 1 or less months months months J u l y 1 June J u l y 1 Juno J u l y 1 June J u l y | June Contract balance as percentage of 0 J u l y | June PURCHASED PAPER 4.2 2.4 2.7 2.6 2.6 80% o r l e s s 81# t o 90# 91# t o lOOfo 101# to 110# Over 110# Total 14.5 5.6 3.5 2.6 2.5 3.2 3.1 2.2 2.1 2.4 J L 2 15.1 15.8 6.2 4.0 4.2 3.8 6.7 2.2 6.0 6.0 3.8 3.9 3 . 1 1 9.9 10.0 11.1 10.5 6 . 2 2.4 6.4 5.2 4.7 8.4 - L Z 9.1 3.8 9.3 15.3 37.8 38.0 32.6 30.9 17.9 14.9 26.9 16.3 24.0 20.3 14.5 26.7 15.5 23.0 100. 0 1 0 0 . 0 DIRECT LOANS 80# o r l e s s 81# t o 90# 91# t o 100# 101# t o 110# Over 110# 14.7 4.5 6.4 2.7 2.1 14.5 3.4 3.8 3.3 2.1 Total 30.4 27.1 80# o r l e s s 81# t o 90# 91# t o 100# 101# t o 110# Over 110# 7.1 j 3.0 3.7 2.6 2.4 2.2 ! 2 . 1 6.5 I 6.2 | 8.5 : 8 . 9 4.2 1.2 1.3 8.9 4.5 9.7 2.9 3.4 9.6 5.0 5.4 1 8.7 1.8 5 . 8 - 1.9 2.5 3.7 j 4.8 2.6 2.6 3.2 2.5 1 6 . 0 -5^9 1 21.1' 2 2 . 0 j 3 7 . 7 3 9 . 1 1 0 . 8 1 1 . 8 31.9 19.9 23.0 11.9 13.3 31.7 17.8 22.2 14.6 100.0 100.0 21.8 16.3 15.1 21.0 23.5 15.4 25.5 15.3 20.3 100.0 100.0 TOTAL Total 11 8 . 8 1 8.1 I 4.4 2.7 3.1 3.3 3.7 2.5 2.2 2.4 j 3.4 19.0 j 16.8 4.5 I 6.8 2.7 1 7.0 3.8 9.6 6.0 2.8 8.4 3.4 7.3 6.9 9.9 6.1 8.1 37.8 38.3 17.2 3.5 L 3.6 3.2 3.1 8.8 8.5 4.3 3.9 6.4 6.8 26.6 25.5 25.8 l / Contract balance does n o t i n c l u d e f i n a n c e and insurance charges. 2 / Wholesale value r e p r e s e n t s "average w h o l e s a l e , " "as i s , " o r "buying value" as i n d i c a t e d by used c a r g u i d e s . NOTE: D i s t r i b u t i o n s a r e based on t a b u l a t i o n s of d a t a from 4 l banks f o r June and J u l y and a r e n o t intended t o be e s t i m a t e s f o r a l l commercial banks. I n J u l y r e p o r t s covered about 9,000 c o n t r a c t s on used c a r s , 7,000 purchased and 2,000 d i r e c t . Since composition of t h e group of banks changes from month to month, d a t a a r e n o t comparable w i t h previous r e l e a s e s .
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