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3 CARD OF GOVERNORS OP THE -PEDSIUL RESERVE SYSTEM
017.2

"June 7, 1951,

- . R e t a i l Instalment C r e d i t at F u r n i t u r e and Household Appliance S t o r e s '
^

APRIL1951
I n s t a l m e n t accounts r e c e i v a b l e a t r e t a i l f u r n i t u r e s t o r e s d e c l i n e d
- w i n g - . p n l , a month during which s u b s t a n t i a l i n c r e a s e s have occurred i n t h e
ct..-:r . c / t -..ar ; - . . r s . Curing the s i x months ended A p r i l 30, such r e c e i v a b l e s
aeclir.eu so cut 11 per c e n t . This d e c l i n e roughly balances the i n c r e a s e i n i n - .
s t i - L r t j o i v „ c l 3 5 *.nich had taken place d u r i n g the s i x months ended October
.31, i ? ; 0 . .,s a r e s u l t c o r . t h - e n d i n s t a l m e n t r e c e i v a b l e s were a t approximately
yc^r-ago j. eve j.,.

' ' .Household a p p l i a n c e s t o r e i n s t a l m e n t accounts r e c e i v a b l e were down sub. s t a n t i a l l y i n >_pril, a l s o in c o n t r a s t t o the u s u a l A p r i l i n c r e a s e s showmin r e cent y e a r s . However, t h e amount of r e c e i v a b l e s a t month-end was n e a r l y 2$ per
cent above the l e v e l of A p r i l 1950.
The r a t e of repayment of f u r n i t u r e s t o r e i n s t a l m e n t accounts o u t s t a n d i n g
en A p r i l 1 was unchanged from March, as shc:vn by the c o l l e c t i o n ratios" in t h e
t a b l e . b e l o w . However, f u r n i t u r e s t o r e i n s t a l m e n t accounts were being l i q u i d a t e d
. more r a p i d l y than a year ago. Household a p p l i a n c e s t o r e c o l l e c t i o n s , when r e l a t e d
. to i n s t a l m e n t accounts o u t s t a n d i n g a t t h e beginning of the month, were slower i n
.•Vdr.il than in march. The c o l l e c t i o n r a t i o f o r household a p p l i a n c e s t o r e s was
t h e same as f o r A p r i l 1950.
' .
Indexes of I n s t a l m e n t Accounts Outstanding a t End of honth
.
December 31, 1939 = 100
J a n . I Feb . i.A'ar. I Apr. | hay | June I.July I Aug. iSept. (Oct. |.Nov, {Deo*

rURIHTURZi
. . . 19L9 ' 1^50.
A 1951.

131
168
'183

HOUSEHOLD A??L1*HCE:'
1919- 1950 ' '
' 1951-

13L 129
180 ISO
r2S5 r2L6

128
166
176

126 127 131
168 170 -17l
172-169

13l
177

136
182

1L1
186

H6
192

1$3
190

160
18?

128
18L
2l0

l^O
206

liiS
219

153
2U.

160
2<8

167
258

170 153
258 r260

129
190
233

13l
197

17lt
192

I n s t a l m e n t C o l l e c t i o n Ratios
Instalment c o l l e c t i o n s during month as percentage of accounts o u t s t a n d i n g a t beginning .of month
J a n . | Feb, 1 'Aar. -'-P
| r . | I :ay | Jun e_f J u l y | Aug. |Sept. lOct.i Nov.:I Lee.

F^iZTUEE:
I7-?
1950
•

1 9 5 1

HOUSEHOLD APTLIAHOE:
19L?
1950
1951/ . -

!

12
10
10

12
10
10

Ih
11
11

13
10''
11

13
10

12
10

12'
11

12 ' 11
11' 11

11
11

11
10

10
IA

15
12
12

Ik
11
11

15
12
12

111
11
11

lh
12

1U
10

13
11

Ik
11

12'
10

12
. 11

12
10

• 12
10

DigitizedDOVE:—rir-j-res
for FRASER f o r A p r i l 195)1


p r e l i m i n a r y and

SUDJ, ect

to revision,