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I BGxRD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEH O.lT.i "- December 5:, 1 9 # R e t a i l Instalment Credit at Furniture and Household Appliance S t o r e s OCTOBER 1 9 # - I n s t a l m e n t a c c o u n t s o u t ? t a n d i n g at f u r n i t u r e s t o r e s c c n tiriued upward during October. "Balances a t the end of the month were about 3 p e r cent above t h o s e cf September 30 and about 17 per cent above t h e year-a£6 l e v e l . Household a p p l i a n c e s t o r e s a l s o r e p o r t e d • gains i n i n s t a l m e n t r e c e i v a b l e s . " O u t s t a n d i n g b a l a n c e s on October 31 iv ere a t c u t 1+ per cent above a month aco and about 11 per c e n t above . the l e v e l of a year a r o . ' ' The October r a t i o cf c o l l e c t i o n s t o i n s t a l m e n t a c c o u n t s • o u t s t a n d i n g on t h e f i r s t cf t h e month was 11 iper c e n t f o r both f u r n i t u r e and household a p p l i a n c e s t o r e s . For f u r n i t u r e s t o r e s , t h i s was the same as September, but 1 p o i n t below a y e a r ago. For h o u se h o l d a p p l i a n c e s t o r e s , the 11 p e r c e n t r a t i o was 1 p o i n t below b o t h a month ago and & year ago. I n d e x e s cf I n s t a l m e n t a c c o u n t s O u t s t a n d i n g a t End'of month 19i;7-1949 a v e r a g e ,= 100 FURhlTUEZ:' 19:0 1951" %2 Jan. [Feb. | liar. (Apr. I Hay} June (July [Aug. |Se.pt. (Oct. |i:ov7|Pec. .HCUSE'I')LD APPLIANCE: 1:50. :b-;i 1L8 161 153 H6 15:7 1^9 1L8 152 1^7 15015a 11:9 11:6 H 7 152 156 Ihh 157 160 1^0 160 163 231 197 16L 226 189 167 218 182 172 179 212 20^ 180 181: 187 200 196 199 219 23L 197 1 9 7 . 2 0 0 201:- "208 216 161 Ihl 163 169 11)3 107 1^6 171 165 119 169 129 232 202 23k 203 236 201 .221 Instalment Collection Ratios i n s t a l m e n t c o l l e c t i o n s d u r i n g month as p e r c e n t a g e of a c c o u n t s o u t ' s t a n d i n g a t b e g i n n i n g of • month Jan .J Feb. [mar. |Apr. |I,Iay | June) July | Aug. [Sept. [Oct. |Nov. |Dec. FUR:.IT[iRS: ly5o 1951 1.952 HOUSEHOLD APFLIAIICE: 1950 1951 19# 10 10 10 , 12 12 13 10 10 10 11 11 11 10 10 11 11 10. 11 10 11 10 11 11 10 11 12 11 11 11 11 ' 11 12 11 10 11 11 11 11 11 13 12 12 13 11- 12 11 11 13 13 10 12 12 11 12 12 11 12 11 10 12 12 11 12 11 10 12 10 12 IICTE:—Firures f o r October 1952 are preliminary and s u b j e c t to. r e v i s i o n .