The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 05.17.2 i " J u i y 5, 1950 Retail Instalment Credit at Furniture and'Household Appliance Stores MAY 1 ? # Instalment accounts outstanding at furniture, and household appliance stores continued to increase in Hay. At the end of the month they exceeded the'amount outstanding on the corresponding date last year by 33 per cent at furniture stores and U7 . per cent at household aippliance';stores. The May instalment collection ratios J!or both kinds of business v/ere unchanged from those of the preceding month. Instalment accounts of furniture stores were being repaid, on the average, in approximately eighteen monthsabout one month longer than the average collection period at household appliance stores. . • ' v ; Indexes of Instalment Accounts Outstanding at End of Month December 31* 1939 3 100 FURNITURE: 1918 19k 9 1950 HOUSEHOLD APPLIANCE: 1918 1919 1950 Feb. | Jan. | !<:ar. lApr.Mav I 1 June 1 July1Aug.I Sept.|Oct.INov.1Dec. lOli 103 10k 108 112 116 117 122 128)' 128 130 11*0 131 128 126 127 131 13k 136 111 116 353 160 17k 168 166 168 170 175 90 90 9h 103 112 118 12k 131 138 13U 129 128 129 13h lliO 118 153 160 180 180 18U 190 197 139 138 la2 167 170 183 1 f . Instalment Collection Ratios . ' Instalment collections during month as-,percentage of accounts-outstanding at beginning of month . FURNITURE: 1918. 19L9 1950 HOUSEHOLD APPLIANCE; 1918 191*9 1950 ISept. (Oct. Jan. iFeb. jlvlarlApr.| . May. I June I July !Aug. Ik 12 10 lh 12 10 15 11; 11 15 15 13 13 10 • 10 16 12 Ik 12 Ik 12 1U 11 Ik 11 1U 11 11; 10 19 15 12 17 Ik 11 18 15 12 17 Ik 11 18 Ik 11 17 Ik 17 13 H, 16 12 l6 • 15 12 12 15 12 17 MOTE.—Figures for May 19$0 are preliminary and subject to revision.
@FedFRASER