Full text of G.17.2 Retail Instalment Credit at Furniture and Household Appliance Stores : January 7, 1952

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BOARD OF GOVERNORS OF THE. FEDERAL RESERVE SYSTE'I
G.17.2

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-

J a n u a r y 7, 1952

R e t a i l I n s t a l m e n t C r e d i t a t 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
(

NOVE1SER 1 9 ^ 1

I n s t a l m e n t accounts outstanding a t f u r n i t u r e s t o r e s cont i n u e d t o r i s e i n November* i n c o n t r a s t t o a' s l i g h t ' . d e c l i n e r e p o r t e d
i n t h e same month l a s t y e a r . T o t a l 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 ,
however, were down a b o u t 10 p e r c e n t f r o m a y e a r a g o .
'Household a p p l i a n c e s t o r e a c c o u n t s r e c e i v a b l e showed a
s m a l l i n c r e a s e f o r t h e t h r i d c o n s e c u t i v e month. N e v e r t h e l e s s , o u t s t a n d i n g b a l a n c e s c o n t i n u e d s u b s t a n t i a l l y .below a y e a r a g o .
The r a t e of c o l l e c t i o n on i n s t a l m e n t a c c o u n t s of f u r n i t u r e
s t o r e s s l a c k e n e d somewhat i n November».? At h o u s e h o l d a p p l i a n c e s t o r e s
t h e c o l l e c t i o n r a t i o r e m a i n e d . a p p r o x i m a t e l y t h e same. At b o t h k i n d s
of b u s i n e s s , h o w e v e r , t h e r a t i o was h i g h e r t h a n : ' i n November l a s t y e a r .

Indexes- of I n s t a l m e n t Accounts O u t s t a n d i n g a t E n d , o f Month
December 31, 1939 = ICO
J a n . | F e b . ( l i a r , j(Apr.J Hay | J u n e ( J u l y J1 A u ™ . j s e p t . | 0 c t . j N o v . | D e c .
FURNITURE:
1919
19#
1951

131
168
18.3

123
166
176

126
168
172

127
170
169

131
17ii
160

13li
177
163

136
182
15-9

1W.
186
160,

1L6
192
162

1 0 .160 1 7 l
1 9 0 ' 187, 192
166 168

HOUSEHOLD APPLIANCE:
131
191:9
180
19#
2#
19#.

129
180
218

128
18U
2bo

129
190
23L

13h
197
226

IliO
206
221

1T48
219
217

153
2W.
216

160
258
220

167 170
258 ' 258
223 221

183
260

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 a s 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
J a n . | F e b . | Mar. ( A p r . | Kay | June j1 J u l y!jAug . j s e p t . ( O c t . j N o v . | D e c .
FURNITURE:
19L9
1950
1951
HOUSEHOLD APPLIANCE:
1919
. 1950
1951

12
• 10
10

12
10
10

Ill
11
11

13
10
11

15
12
12

lU
11
11

15
12
- 12

11;
11
11

11
11
11

11
11
12

11
10
11

10
11

12
13 - l h
lit
1 1 ... 1 0
.11
12 . 1 0
12
12
•11 . 12 •' 12

12
11.
12

12
10
12

12
10

13
10
;11
:lh

12
"10
11

12 . 12 .
11 ' 11
11
12

NOTE:—Figures f o r November 1951 a r e p r e l i m i n a r y and s u b j e c t t o r e v i s i o n . •