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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 < <•* slight decline in February but continued more than one-fourth
r *»
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 : : r I Apr, jhay j June j July j Aug. I Sept. [Oct. |Fov. I Cec
.a.
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

li
l
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