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BOARD'OF GOVERNORS OF THE- FEDERAL RESERVE SYSTEM $.17.2 U Kay 7, 19fl Retail Instalment Credit at Furniture'and Household Appliance Stores:; I MARCH 1 # 1 . . : " "' Instalment accounts receivable at retail furniture stores, declined somewhat in March, compared."with a small increase during March a year ago. At the month-end, outstandings were but slightly above the level of the corresponding date last year. Instalment accounts outstanding at household appliance stores on March- 31 were, moderately reduced but were almost one-third larger than those of a year earlier* Collections on both furniture- and household appliance store instalment accounts rose moderately in March and> when related to first- . of-month accounts receivable, yielded collection ratios one point' above those for February* The ratios for both types of outlet were unchanged from those of March 1950. - Indexes of Instalment Accounts Outstanding at End of Month December 31, 1939 = 100 < 1 I Oct.1 Nov, Dec. Jan.I Feb.1Mar.1Apr.[May I June | July | Aug;. | Sept ^ 1 FURNITURE: 19L? 1950 1951 131 ; 128 168 166 183 178 HOUSEHOLD APPLIANCE: I9b9 1950 1951 13h ' 129 128 180 180 181* 256 2li9 21+1 126 168 173 127 131 170' 17 h 13k 177 136 182 Ilk 192 Ihl 186 ll|6 . 153- 160 190 187 192 153 2hl 160 .167 170 183 258 . 258 -^58 261 .. . 132: IliO 148 197 206 .219 129 190 Instalment Collection Ratios . Instalment collections during month as' percentage of accounts "outstanding at beginning of month Dec. Nov. | |June|July|Aug.|Sept. I.Oct. | | Feb. (Mar. 1 Apr..•May j | FURNITURE: 1949 1950 1951 12 10 10 12 10 10 Ill 11 11 13 10 HOUSEHOLD APPLIANCE:. 19L9 1950 1951 lb 15 12 11 12 • 11 - 15 12 12 U 11 13 10 1 12 ' 12 10. 11 12 11 lk 12 Hi 10 13 .11 -111 11 11. 11 11 11 11 10. 10 11 12 10 . 12 11 12 10 12 10 NOTE:—Figures for March J*901 are preliminary and subject to revision.
