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BOARD OF GOVERNORS OF THE, FEDERAL RESERVE SYSTEM
0.17.2

March 9 , 1950

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.Appliance 'Stores*
..JANUARY 1950

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'

•

" i n s t a l m e n t a c c o u n t s r e c e i v a b l e a t f u r n i t u r e s t o r e s d e c r e a s e d somev.-hat i n J a n u a r y as i s customary a t t h a t time of t h e y e a r b u t a t t h e month-end
t h e y were. more t h a n o n e - f o u r t h l a r g e r t h a n , on t h e ' - c o r r e s p o n d i n g d a t e of 19^9.
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 a c c o u n t s o u t s t a n d i n g a l s o d e c l i n e d
s e a s o n a l l y i n J a n u a r y . . At t h e end of t h e month, however, t h e y were n e a r l y
o n e - t h i r d above t h o s e of a y e a r e a r l i e r .
I n s t a l m e n t a c c o u n t s a t b o t h t ^ e s of o u t l e t were c o l l e c t e d a t a b o u t
the same r a t e as i n D e c e m b e r T h e J a n u a r y 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 s of 10
p e r c e n t f o r f u r n i t u r e s t o r e s and 12 p e r c e n t f o r household a p p l i a n c e s t o r e s
i n d i c a t e d a c o n s i d e r a b l y slower average r a t e of repayment on o u t s t a n d i n g i n d e b t edness t h a n had p r e v a i l e d a t t h e b e g i n n i n g of 19h9.

I n d e x e s 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 End of Month
December 31, .1939 = 100
FURNITURE"
19L7
19L8
19L9
1950
HOUSEHOLD APPLIANCE
19L7
1918
1919
1950

J a n . F e b . Mar. Apr. Hay June J u l y Aug. S e p t . Oct. Nov. Dec.
98 110
87
92
83
81
80
76
70
73
69
69
128 -130 Iko
lOh 1°3, 10U 108 112 116 117 122 128
160
17 h
116
153
131 128 126 127 131 13h 136 Ihl
168
1x2
90

131

h6
90
129

hi
9h

128

52
103
129

53
il2

13h

62
118
1U0

65
12U
1U8

70
131
153

7U . 79
138
139
160 . 167

85
138
170

91
lh2
183

173

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 as 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
lURiilTURE

19h7

1918
19L9
. 1950

J a n . F e b . Liar. Apr. May
20
20
19
18
17
15
15
15
Hi
1U
13
13
12
lU
12
10

June J u l y Aug. S e p t . Oct. Nov. Dec.
16
18
19
1 7 - 19
17
18
lh
lh
1U
lit
16
lh' l h
10
11
11
11
12
12
12

HOUSEHOLD APPLIANCE
22
19L7
16
W
12
19L9
1950
C o l l e c t i o n of s i m i l a r s t a t i s t i c s f o r j e w e l r y s t o r e s was d i s c o n t i n u e d as of
December 3 1 , 19h9I!GTE.-Figures f o r J a n u a r y 1950 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 .




21
15
12