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16S
B A D OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM,
OR

A

G.17.2

July 10, 1951

.

Retail Instalment Credit a t Furniture and Household Appliance Stores
.%AY 1951
Instalment accounts receivable a t r e t a i l f u r n i t u r e stores continued to
decline i n May, and a t the month-end were about 2 per cent below the level of the
preceding month-end. This decline brought such receivables approximately 5 per
cent below the year-ago f i g u r e . Large yearrto-year gains have been the rule in
other postwar y e a r s .
Household appliance store instalment accounts receivable also continued
to decline s u b s t a n t i a l l y i n !lay, i n contrast to increases shown during the corresponding month of recent y e a r s . The amount of receivables a t month-end was about
15 per cent above the l e v e l of May 31, 1950.
Collection r a t i o s indicate t h a t the r a t e of repayment of f u r n i t u r e store
instalment accounts outstanding was the same as. i n April of t h i s year, but above
the r a t e of Hay 195*0, Household appliance store; instalment; accounts were being
repaid in Hay a t a more rapid r a t e than i n April, but the r a t e of repayment was
about the same as a year ago.
Indexes of Instalment Accounts Outstanding a t End of Month
December 31, 1939 = 1 0 0
Jan. ||Feb.| Mar.|Apr.|May | June I July1 Aug.(Sept.|0ct.I Nov,|Dec.

FURNITURE:
19L9
1950
. 1951

- 131 128 126 127 .131 13it 136 111 1L6
168 166 168 170 17-U •177 182 186 192
183 178 172 169 :166
13li 129 128 129 131 lho 1U8 153 160
180 180 .18U 190 197 . 206 219 2lil 258
2 # 218 2h0 23b 226

HOUSEHOLD APPLIANCE:
19L9
1950
1951-

153 160 17U
190 187 192

167 170 183
258 258 260

HOUSEHOLD APPLIANCE:
19u9
1950
1951

May |
,%r, |Apr, 1

JanTi

ISept a |0ct,|Nov.(Dec.

I

-

FURNITURE:
19k9
1950
.1951

I
|

Instalment Collection.Ratios
Instalment collections during month as percentage of accounts outstanding a t beginning of month:

12
10
10

12
10
10

1U
11
11

13 13
,10. • 10
11 • 11'

12
12
10 • 11

12
11

15
. 12
12

lk
11
11

15
12
12

Ik " 1U
11 12
•11 ' 12

111
10

13
11

1U
11

11 ; 11
11
11

12
10

NOTE:—Figures for May 1951 are preliminary and subject to revision. *




12
11

11 -10
10 11

12
10

12
10

"