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BJARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM "Short List" — Illustrative Group A - One-third down (including any trade-in) and 15 months maximum maturity. 1• Automobiles. 2. Motorcycles. Group B - 20 per cent down (on top of any trade-in) and 15 months maximum maturity. 1. Refrigerators. 2. Washing machines and ironers, 3. Suction cleaners, 4. Electric appliances not elsewhere listed. 5* Furniture and floor coverings, 6. Radios and phonographs. 7» Pianos and organs, 8. Sewing machines. 9» Stoves, ranges, and space heaters. 10. Jewelry, silverware, and watches. (1) Give up home-improvement credits• (2) Throw out soft-goods (such as clothing and linens) and light hard-goods (such as t i r e s , lamps, and dishes) so that the "short list 11 — see note attached — will contain not more than 15 items, a l l of which are typically sold on i n s t a l ments. (5) Reduce down payment (except for automobile group) from 35-1/3 per cent to 20 and lengthen maturity from 12 months to 15* (4) Give up non-purpose loans — i . e . , any loan which is not for the purpose of purchasing any listed a r t i c l e .