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Not f o r p u b l i c a t i o n BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM L.4. 2 VECONTffiBffiS September 11, 1963 J LE AFTEB s i ^ i ® l $ SEP ]%1963 I N S T A L M E I I T A T commercial banks MATURITIES — JULY 1963 AIID JUliE 1963 (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Maturities ilew cars 24 months or l e s s 25-30 months 31-36 months Over 36 months Total Total Purchased paper June July lo^f June 17.6 4.8 77.1 0.5 32.1 3.9 58.7 0.3 32.7 9.7 57.4 _0_2 100.0 100.0 100.0 100.0 14.6 13.4 37.3 34.2 11.1 12.3 36.2 40.4 11.3 11.9 35.9 40.9 21.2 16.6 41.7 20.5 20.7 16.3 41.5 100.0 100.0 100.0 100.0 July June July 20.8 5.9 72.8 0.5 22.4 6.4 70. 8 0.4 15.8 4.5 79.1 0.6 100.0 100.0 14.5 13.7 38.0 33.3 100.0 Used c a r s 1/ 12 months or l e s s 13-13 months 19-24 months Over 24 months Total J h l 100.0 1/ Figures are 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 feu banks f o r a l l used c a r s . MOTE:--Distributions a r e based on t a b u l a t i o n s of d a t a from 123 banks f o r June and J u l y and a r e not intended to 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 48,000 c o n t r a c t s on new c a r s , 33,000 purchased and 15,000 d i r e c t , and 27,000 c o n t r a c t s on used c a r s , 13,000 purchased and 9,300 d i r e c t . Data a r e not comparable with previous r e l e a s e s s i n c e composition of the group of banks changes from month to month. For d i s t r i b u t i o n according to m a t u r i t i e s and c o n t r a c t balances as a p e r c e n t a g e of d e a l e r cost see following pages. 251 Not f o r p u b l i c a t i o n DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS JULY 1963 AND JUNE 1963 NEW CARS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Contract balance as percentage of d e a l e r cost l / Maturities 24 months 25-30 Over 36 31-36 or l e s s months months months J u l y 1 June J u l y j June J u l y 1 June J u l y 1 June Total J u l y I June PURCHASED PAPER 80$ or l e s s 81$ t o 90$ 91$ t o 100$ 101$ t o 110$ Over 110$ Total 8.9 2.1 3.0 1.4 10.1 2.4 3.0 1.5 0.4 1.7 1.0 1.2 0.7 0.2 1.7 0.9 1.1 0.6 0.2 15.6 17.4 4.7 4.6 16.0 16.5 26.6 13.8 6.0 16.1 16.5 25.4 13.7 0.1 0.1 0.3 0.1 0.2 0.1 0.2 0.1 * 26.6 19.8 31.1 16.0 28.1 19.9 29.8 16.0 78.9 77.3 0.7 0.6 100.0 100.0 39-7 19.9 26.5 7.3 - M 100.0 DIRECT LOANS 80$ or l e s s 81$ t o 90$ 91$ t o 100$ 101$ to 110$ Over 110$ Total 19.4 5.0 6.6 1.3 0.4 18.3 5.8 7.3 1.5 1.2 3.4 1.9 5.4 0.8 0.1 5.0 2.0 5.2 0.9 0.6 18.0 12.9 16.4 5.4 2.6 32.8 34.0 11.6 13.7 55.3 11-21 12.0 2.8 3.8 1.4 1.5 0.6 2.1 1.2 2.1 0.7 J2si 6.3 2.5 1.2 2.0 0.7 16.4 15.7 24.3 11,9 16.2 12.2 16.0 4.8 - M 52.0, A.2 0.2 0.1 0.1 0.1 41.0 19.9 28.5 7.5 0.3 0.3 100.0 0.1 0.1 0.3 0.1 JOli 0.6 0.2 0.1 0.2 0.1 29.8 19.8 30.5 14.1 _^8 TOTAL 80$ or l e s s 81$ t o 90$ 91$ t o 100 101$ t o 110$ Over 110$ I:: 16.1 15.5 23.3 11.7 30.7 19.9 29.5 14.0 -5i2 100.0 Total 0 . 6 100.0 6.7 73.6 71.6 19.5 21.2 1/ Contract balance does not i n c l u d e f i n a n c e and insurance c h a r g e s . * Less than o n e - t e n t h of one p e r c e n t . NOTE:—Distributions a r e based on t a b u l a t i o n s of d a t a from 67 banks f o r June and J u l y and a r e not 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 25,000 c o n t r a c t s on new c a r s , 20,000 purchasedaand 6,000 d i r e c t . Data a r e n o t comparable with p r e v i o u s r e l e a s e s s i n c e composition of t h e group of banks changes from month t o month. D e t a i l s may not add t o t o t a l s because of rounding. J Not f o r p u b l i c a t i o n L.4.2 " DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) JULY 1963 AND JUNE 1963 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 ) Contract balance as percentage of wholesale value 1/ 2/ 12 months 13-18 le months J u l y |June j J u l y | J u n e 19-24 months July |June Over 24 months July |June J u l y | June 15.0 10.9 22.3 17.1 34.7 PURCHASED PAPER 80% or l e s s 81% to 90% 91% to 100% 101% co 110% Over 113% Total 3.3 1.1 1.3 1.6 2.5 4.0 1.0 2.1 1.8 2.5 2.5 1.2 2.4 1.7 4.2 2.3 1.1 2.3 1.8 3.8 4.9 4.4 8.3 5.9 12.9 5.3 4.2 9.4 6.1 11.3 4.3 4.1 9.8 7.9 15.2 4.8 3.9 9.9 7.6 15.1 10.3 11.4 11.9 11.3 36.5 36.0 41.3 41.3 16.0 10.3 23.7 17.4 32.6 100.0 100.0 DIRECT LOANS 80% or l e s s 81% to 93% 91% to 100% 101% to 110% Over 110% 11.7 2.2 3.6 2.1 2.4 13,9 2.3 3.8 2.1 2.2 7.2 2.5 5.5 2.0 2.5 9.3 2.4 4.8 2.1 2.0 12.8 7.7 9.8 4.5 5.7 12.2 6.7 9.2 4.5 6.8 5.8 2.5 4.1 2.9 2.8 4.5 2.6 3.7 2.5 2.7 Total 21.9 24.3 19.7 20.5 40.4 39.4 18.0 15.8 80% or l e s s 81% to 90% 91% to 100% 131% to 110% Over 110% 5.7 1.4 2.3 1.8 2.4 6.7 1.3 2.6 1.9 2.4 3.8 1.6 3.2 1.8 3.7 4.2 1.5 3.0 1.9 3.3 7.2 5.3 8.7 5.5 10.8 7.0 4.9 9.3 5.7 10.0 4.7 3.6 0.1 6.4 11.7 4.7 3.5 8.1 6.2 11.6 13.6 14.9 14.1 13.9 37.5 36.9 34.5 34.1 37.5 14.8 22.9 11.5 13.3 39.9 14.0 21.4 11.2 13.6 130.0 100.3 TOTAL Total 21.4 12.3 22.4 15.5 28.6 22.6 11.3 23.0 15.7 27,3 100.3 100.0 1/ Contract b a l a n c e does not i n c l u d e f i n a n c e and insurance charges. 2! Wholesale v a l u e r e p r e s e n t s "average w h o l e s a l e , l ; "as i s , " or "buying value 1 ' as i n d i c a t e d by used car guides. NOTE:--Distributions a r e based on t a b u l a t i o n of d a t a from 50 banks f o r June and J u l y and a r e not intended to 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 13,300 c o n t r a c t s on used c a r s , 9,000 purchased and 4,300 d i r e c t . Data a r e not comparable with previous r e l e a s e s s i n c e composition of the group of banks changes from month to month. D e t a i l s may not add to t o t a l s because of rounding.
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