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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

<

I Oct.1
Nov,1 Dec.
^
Jan.I Feb.1Mar.1Apr.[May I
1 June | July | Aug;. | Sept
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
Nov. |Dec.
|June|July|Aug.|Sept. I.Oct. |
j
| Feb.(Mar. 1 Apr..•May
|

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

1

13
10

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.