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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM April 7j 1950 :.17,2 r.e'tail -Instalment Credit at Furniture end Household Appliance Stores* FEBEUAEY1950 Instalment indebtedness carried on the books of retail furniture stores she - a f <r <*•»* slight decline in February but continued more than one-fourth la1" " ' ~ - - 12 comparable period of the. preceding year. Instalment accounts cv, *• v cusehold appliance stores en February 23 amounted to about the sa~ as c* end of January. Over the" year-period, however-such accounts rec _c e _r.cre:sed,by nearly two-fifths. Collections on furniture store instalment accounts were well-maintained • in February'.- luring the same period house-hold appliance stores, reported some slackening in the rate of repayment. Instalment accounts of both types of outlet were being liquidated at a considerably slower rate than in the early months of " ' . ; Indexes"of Instalment Accounts Outstanding at End of Month December 31, 1939 = 100 I 1 Jan. I Feb. I :.:ar. I Apr, jhay j June j July j Aug. I Sept. [Oct. |Fov. I Cec 10h 131 IcS i>h; 1950 ' HOUSEHOLD APPLIZ'CE .. ' l?h8 i?5o. 103 128 166 90 . 90 131 129 130 179 10h 126 108 127 112 131 116 13L 117 136 122 ihl 128 128 ,130 IhO 11:6 153 160 17k 128 103 129 112 13h 118 IhO 12h 1L8 131 153 138 160 139 167 139 170 lh2 193 , Instalment Collection Ratios -Instalment collections during month as percentage of accounts outstanding at beginning of month Jan. I Feb.jbar. | Aprvjllay jJune I July1 Aug. | Sent. jCct. ji!ov. jpec. 15 lh 15 13 15 13 16 12 lh 12 lh 12 11 11 10. lh 12 10 19 15 17.lh' 19 15 17 lh 18 lh 17 lh 17 13 17 lh 16 12 16 lh 12 :-.r?LI.-I*Cb: i"_; lh lh lli 11 12 iof" similar' statistics for jevml.ry stores was discontinued as of -lecember-Jlj 19h9. FGFC.—Figures for February 1950 are preliminary and subject to revision. lh 10 15 12
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