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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 / ' • " 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
