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" DECONTROLLED AFTER sixlhrr A U T O LOANS BY COMMERCIAL BANKS L 4 J CHANGE IN F O R M A T OF REPORT Effective this month, the format of the L.4.2 report on auto loans at commercial banks has been revised to reflect simplification of reporting procedures for respondent banks. For maturities, new car loans are now classified as over or under 30 months, used cars as over or under 24 m o n t h s . Loan amounts for both new and used cars are classified as greater than or less than dealer cost. These changes are part of a general program to facilitate data reporting, and to update and improve the usefulness of the consumer credit data series wherever possible. L*> BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM L.4.2 September TTcenTRoras m m six " 16, 1971 o m H S A U T O LOANS B Y COMMERCIAL BANKS MATURITIES A N D DEALER COST RATIOS Per cent of contracts with maturities of: July 1971 Three months end in;s July 1971 I 1970 1971 PURCHASED PAPER 30 months or less Over 30 months ! | 13 .8 86 .2 1 1 30 months or less Over 30 months 1 1 27 .0 73 .0 1 1 ' 14.6 85.4 1 1 NA NA 1 1 NA . NA 1 NA 1 1 NA 1 NA NA DIRECT LOANS Contract balance compared to dealer cost 29.6 70.4 Per cent of contracts with maturities of: 30 months Over 30 Total or less months July 1 July 1 June July | June PURCHASED PAPER Less than or equal to Greater than 12.3 2.2 Total 13.7 1.9 64.2 21.3 66.1 18.3 15.6 76.5 23.5 20.2 100.0 100.0 79.8 DIRECT LOANS Less than or equal to Greater than 23.4 27.3 68.1 2.0 2.1 6.5 63.9 6.7 74.6 70.6 Total 91.5 8.5 TOTAL Less than or equal to Greater than TOTAL 15.5 2.1 18 .0 2 .0 65.3 17.1 65 .4 14 .6 80.8 19.2 83 .4 16 .6 17.6 20 .0 82.4 80 .0 100.0 100 .0 56 of which reported dealer cost ratios as well as maturities. , BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM L.4.2 September 16, 1971 A U T O LOANS BY COMMERCIAL BANKS MATURITIES A N D DEALER COST RATIOS Per cent of contracts with maturities of: July 1971 Three months ending July - 1971 1 1970 1971 PURCHASED PAPER 24 months or less Over 24 months 1 J 44.6 1 55.4 1 47.0 53.0 1 | NA NA 1 | NA NA ! DIRECT LOANS 24 months or less Over 24 months i Contract balance compared to dealer cost 57.3 1 60.6 1 NA 1 NA 42.7 1 39.4 1 NA ! NA Per cent of contracts with maturities of: Over 24 24 months Total months July I June"" July | June July | June PURCHASED PAPER Less than or equal to Greater than 30.1 15.1 32.2 14.3 32.2 22.7 30.7 22.7 62.3 37.8 62.9 37.0 46.5 Total DIRECT LOANS Less than or equal to Greater than 51.8 6.5 55.5 6.2 34_. 8 6.9 32.4 5.9 86.6 13.4 87.9 12.1 36.9 12.4 39.7 11.7 33.0 17.7 31.3 17.3 69.9 30.1 71.0 29.0 49.3 51.4 50.7 48.6 100.0 100.0 Total Less than or equal to Greater than Total j