View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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 .