PRINCIPAL ASSETS, LIABILITIES, AND CAPITAL ACCOUNTS OF NATIONAL BANKS IN THE DISTRICT OF COLUMBIA, MARYLAND, AND VIRGINIA, DEC. 31, 1969 1 Includes national and non-National banks in the District of Columbia, all of which are supervised by the Comptroller of the Currency. 2 Residual accounts are excluded, so accounts presented do not sum to totals. 1968 FUNCTIONAL COST ANALYSIS CONSUMER INSTALMENT LOAN BREAK-EVEN POINTS 1-245 BANKS, DEPOSITS $50,000,000 TO $200,000,000-11 FEDERAL RESERVE DISTRICTS Size of loan required to break even at various annual charges in dollars per 100 UPO CONSOLIDATED COMPARATIVE CREDIT UNION REPORT (9) FINANCIAL AND Note: Ratio of reserves to delinquent loans 46.3 percent. Average share per member $95.50. Average loan per borrower $332.91. Average delinquent loan per borrower $150.09. 110,700. 56 100, 510. 17 413 12, 289. 13 104 12.2 4,884.99 1,3 87, 137. 39 64, 566. 79 92,619.69 380 9, 557. 18 55 10.3 4, 156. 51 1,48 90, 581.98 321 3, 460. 71 37 3.8 3,571.66 1,27 1,296, 850. 13 1, 190, 500. 44 3,576 112,720. 40 751 9.4 52, 209.49 13,5 DISTRICT MANAGER, Silver Spring, Md. DISTRICT OF COLUMBIA COMMISSION ON INTEREST RATES AND CONSUMER CREDIT, DEAR SIR: As you may have heard, the City Council of Washington, D.C. recently created a Study Commission on Interest Rates and Consumer Credit. Our purpose is to determine the extent of consumer credit in the Washington metropolitan area, and to report back to the City Council, making some recommendations as to updating and modernizing our D.C. laws. Accordingly, we seek your cooperation and request that you answer the following questions: 1. How many offices do you have immediately surrounding the city of Washington, D.C.? 2. Approximately how many Washingtonians have obtained loans in the past year from your company? What percentage of your total customers is from D.C.? 3. How many Washingtonians have been denied credit in the past year by your company? 4. What criteria, if any, is used in determining the credit-worthiness of an individual seeking a loan? Does the amount of the loan sought make a difference? 5. What laws and regulations govern your operations in the District of Columbia, Maryland, and Virginia? 6. If your company makes consumer loans, can you tell us the total amount for the past fiscal year? 7. Do you buy consumer paper in and around the District of Columbia? Can this be broken down by types of transaction, i.e., automobile, furniture, etc.? 8. How much of your paper is taken subject to "recourse"? How much is taken "without recourse"? Why this distinction? 9. What laws and regulations govern the purchase of consumer paper in Maryland, Virginia, and the District of Columbia? 10. Can you supply the Commission with sample contracts? 11. Can you furnish us with an analysis of what it costs your company to make a loan, and what the break-even point is-in terms of annual percentage rates? Your answers to these questions would be very helpful. Any additional information that you think would be of assistance to the deliberations of the Study Commission would be appreciated. I can assure you that the information you give us will be treated in the strictest confidence. We are interested only in totals and trends. Please call me for any additional information. Kind regards. Sincerely, Scale 0 to 50 101 to 150. 151 to 200. 201 to 300. 301 to 400. 401 to 500. 501 to 600. 601 to 700. 701 and over.. Totals.. LOANS GRANTED BY AMOUNT 1968-69 BENNY L. KASS, Executive Director. |