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Not for publication BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM September 9, 1964 L.4.2 AUTOMOBILE INSTALMENT gOANS AT COMMERCIAL BANKS MATURITIES — JULY 1964 AND JUNE 1964 (Percentage distribution of contracts) Total Maturities July June Purchased paper July June Direct loans July June New cars 24 months or less 25-30 months 31-36 months Over 36 months Total 17.9 4.8 76.8 20.1 5.0 74.4 13.6 4.0 81.8 0.6 15.3 4.3 79.9 29.0 6.8 63.9 30.9 6.5 62.3 100.0 100.0 100.0 100.0 100.0 100.0 13.2 12.1 36.6 13.1 12.1 36.4 38.4 10.4 10.5 35.1 44.0 10.0 10.8 34.6 • 44.6 19.4 15.8 40.1 24.7 19.9 14.9 40.4 24.8 100.0 100.0 100.0 100.0 100.0 100.0 Used cars l/ 12 months or less 13-18 months 19-24 months Over 24 months Total l/ Figures are predominantly for late model used cars but include data from a few banks for all used cars. NOTE; —Distributions are based on tabulations of data from 120 banks for July and June and are not intended to be estimates for all commercial banks. In July, reports covered about 48,000 contracts on new cars, 34,000 purchased and 14,000 direct, and 35,000 contracts on used cars, 24,000 purchased and 11,000 direct. Dgta are not comparable with previous releases since composition of the group of banks changes from month to month. For distribution according to maturities and contract balances as a percentage of dealer cost see following pages. Not for publication L.4.2 —2— DEALER COST RATIOS A N D MATURITIES ON AUTOMOBILE INSTALMENT LOANS JULY 1964 A N D JUNE 1964 NEW CARS (Percentage distribution of contracts) Contract balance as percentage of dealer cost l/ Maturities 24 months Over 36 25-30 31-36 or less . months months months July i June July | June July I June July |June Total July I June ]PURCHASED PiiPER 80$ or less 81$ to 9 0 $ 91$ to 1009% 101$ to 110$ Over 110$ 7.5 1.7 2.4 1.1 0.3 16.5 15.3 28.1 15.4 7.4 15.8 16.0 27.0 14.1 7.1 0.1 * 0.1 0.1 0.1 0.1 25.7 17.8 31.5 17.0 _8_.0 ' 25.8 19.1 31.1 16.0 __8ul 4.7 82.7 80.0 0.2 0.3 100.0 100.0 0.1 0.1 0.1 0.1 0.1 0.1 39.1 17.8 31.4 * * * * 40.0 16.1 31.3 8.6 4.0 0.3 0.3 100.0 100.0 16.5 15-0 0.1 25.6 0.1 0.1 0.1 0.1 0.1 28.7 17.5 31.5 15.2 7.1 28.9 18.8 31.1 14.0 7.2 0.3 100.0 100.0 1.7 1.6 8.3 2.0 | 0.8 1.0 1.0 1.1 2.9 1.3 0.4 0.5 0.4 0.2 0.5 Total 13.0 14.9 4.0 8 0 $ or less 8 1 $ to 9 0 $ 9 1 $ to 1 0 0 $ 1 0 1 $ to 1 1 0 $ Over 110$ 17.6 4.0 6.3 1.2 0.6 17.3 4.9 7.6 1.3 0.5 2.8 3.1 19.5 1.3 1.3 1 0 . 8 2.9 2.6 2 2 . 0 0.6 0.4 6.8 0.2 _ 0 I £ 18.6 11.5 21.1 29.7 31.6 7.8 7.7 62.2 6O.5 DIRECT LOANS Total 5.9 3.4 7.7 4.2 TOTAL 80$ or less 8 1 $ to 9 0 $ 9 1 $ to 100$ 101$ to 110$ Over 110$ Total \J * 9.6 2.2 3.2 1.1 0.4 16.6 10.4 I 1,9 1.9 0.9 1.1 2.7 4.0 1.4 1 . 5 1.3 0.5 0 . 5 0.4 J 0.2 _ M 18.8 | 4.8 17.1 14.4 26.8 13.6 J i l 5-4 78.4 12.2 6.3 75.5 0.3 Contract balance does not include finance and insurance charges. Less than one-tenth of one per cent. NOTE: —Distributions are based on tabulations of data from 65 banks for July and June and are not intended to be estimates for all commercial banks. In July, reports covered about 26,000 contracts on new cars, 20,000 purchased and 6,000 direct. Data are not comparable with previous releases since composition of the group of banks changes from month to month. Digitized forDetails FRASER may not add to totals: because of rounding. Not for publication L.4.2 -3- DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) JULY 1964 AND JUNE 1964 USED CARS (Percentage distribution of contracts) 1 12 months • or less July I June Maturities 13-18 19-24 months months July I June July I June Over 24 Total , months July|June July I June PURC1BASED ]PAPER 3-9 0.9 1-7 1.6 2.4 3.5 0.9 1.7 1.6 2.0 2.1 1-5 1.9 1.2 2-9 2„J) 5-6 1.6 5-1 1.8 8.4 1.5 " 5.5 2.8 11.2 Total 10.4 9.8 9.6 9-7 35-7 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# 11.4 2.1 3-5 1.7 1.8 11-7 2.3 3-5 1-7 2.1 7-7 2.1 3-9 2.0 3.3 6.9 11.9 2.4 6.4 4.3 11.4 1.8 3.8 2.2 5.9 20.4 21.3 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# 16.8 13.3 22.1 I5..8 31-9 16.2 13-9 22.5 17-3 30.1 5-3 5-1 8.6 5-7 9-9 5-2 5-8 10.1 7.6 15-6 5-2 6.2 10.-5 8.6 15.3 34.6 44.2 45.8 100.0 100*0 DIRECT LOANS Total 11-7 5-9 2.9 6-7 5-0 11-3 4.1 3-2 7.0 Jtsl 40.8 18.9 . 17-6 39-3 21.4 5-3 36.9 2-7 13-5 5-2 2 3 . 7 2.8 10.6 4.3 15.4 35-6 14.1 24.3 10.4 15.6 20.. 3 100.0 100.0 TOTAL 80# or less 81# to 90# 91# to 100# 101# to 110# Over 110# 5.9 1.2 2.1 1.6 2.2 5-7 1.3 2.2 1.6 2.1 3-6 1-7 2.4 1.4 3.0 Total. 13.1 12.9 12.1 3.4 7.3 1.8 5-4 2.5 9-2 1.5 5-0 2.6 -ill 11.8 3 6 . 6 5.2 22.2 7-0 5-3 5-0 5.3 13-3 5-5 9-1 22.5 9-3 9,7 6.4 7-0 14.4 5-2 9.1 12.5 12.3 27.4 36.2 37-9 21.4 13-9 23.0 15.4 26.1 38-9 100.0 100.0 l/ Contract balance does not include finance and insurance charges. 2/ Wholesale value represents "average wholesale," 'fets is," or "buying value" as indicated by used car guides. NOTE: —Distributions are based on tabulation of data from 61 banks for July and June and are not intended to be estimates for all commercial banks. In July, reports covered about 17,000 contracts on used cars, 12,000 purchased and 5,000 direct. Data.are not comparable with previous releases since composition of the group of banks changes from month to month. Details may not add to totals because of rounding.
@FedFRASER