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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEII G.17.2 I.arch 6, 1953 R e t a i l Instalment Credit a t F u r n i t u r e and Household Appliance S t o r e s ' • JANUARY 1953 Decreases in i n s t a l m e n t accounts o u t s t a n d i n g , • • l a r g e l y seasonal in n a t u r e , occurred a t both f u r n i t u r e . and household appliance s t o r e s - d u r i n g January.• Kach type of o u t l e t , however, r e p o r t e d month-end balances s u b s t a n t i a l l y above January a year e a r l i e r . The January i n s t a l m e n t c o l l e c t i o n r a t i o a t f u r - . n i t u r e s t o r e s , 9 per c e n t , w a s .1 p o i n t below both t h e p r e ceding month and January a year ago.. Household appliance •stores showed no change in t h e c o l l e c t i o n r a t i o from December, but the January r a t i o of 11 per cent was 2 p o i n t s below the year-ago f i g u r e . Indexes of In s ta lme n t Accounts Outstanding a t End of Ilonth 191*7-191*9 average =" 100 J a n . [Feb. [Mar. |Apr.|Hay|June | J u l y | Aug. I S e p t . [Oct. |Nov. |De FURNITURE: 1951 1952 1953 161 153 181 157 11*9 152 H+9 11*6 Ihh 11*7 ' 11*7'. 152 157 ' 11*0 111 ll*3 160 163 166 ' . : HOUSEHOLD APPLIANCE: 1951 1952 1953 231 197 228 226 189 218 182 197 197 201* 208 : 212 205 200 180 / 181* 196 200 216 11*6 11*9 159 172 176 188 202 203 201* 222 221* 236 I n s t a l m e n t C o l l e c t i o n Ratios I n s t a l m e n t 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.|Kar, |Apr, - Illay| J u n e ! J u l y | A u g . | S e p t . | 0 c t . | M o v . |Dec, FURNITURE: 1951 1952 1953 10 10 9 11 - 11 10 10 10 . 11 11 11 11 " 11 10 10 HOUSEHOLD APPLIANCE: 1951 1952' 1953 12 13 11 11 13 11 13 -11 13 12 12 12 13 12 11 11 11 12 11 11 10 11 10 12 • 12 12 ' 11 12 12 ' 12 11 12 11 12 11 NOTE:—Figures f o r January. 1953 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
