Full text of G.17.2 Retail Instalment Credit at Furniture and Household Appliance Stores : November 3, 1949

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.17.2

November 3, 19U9

Retail Instalment Credit
-'
at Furniture, Household Appliance, and Jewelry Stores

SEPTELEER ±9k9
Instalment accounts outstanding at furniture and household appliance stores increased in September for the sixth consecutive month.

At both kinds of outlet the outstanding balances

continued well above year-ago levels., Jewelry store accounts,
receivable showed little change during the month and on September
30 were still somewhat larger than on the Qotwspondihg date of

1918.
The rate of collection on-instalment accounts slackened
in September at furniture, household appliance and jewelry stores.
Collections at furniture stores,, which during the three summer
months had amounted to 12 per cent of the first-of-month outstanding
balances, dropped to 11 per cent in -September. A similar decline
occurred during the month in household appliance and jewelry store
collection ratios which were one point below the l t per cent
i
recorded for August.




.

Instalment Accounts Outstanding and Collection. Ratios

Accounts ou tstanding at end of month
Dece nber 31, 1939 - 100
. !-:onth-^"
Household
Furniture
Jewelry
appliance
stores
- stores .
'
/' •
stores
mi-

e

Household
appliance

Jewelry
_stores

;

.
.

J anu'ary
'eb-^ary
i '2'rch
Ac-ril

~e

Furniture
stores

i
' . -

August
.
September October
ycvember
December
^
" i9hs

Collection ratios"^

er .

Zecemcer'

-January
February,
::e^ch .
Apr 11
: =: •
-•
June.July
August
" September p

83
87
.-92
98
110

.

70
7h
79
85
91

: 99.
103106
117 .
1#

•

17
19
19
- 18
16

21
22
22
21
21

15
17
17
• 17
21

1
10h
103
IQh
- 103
112
116
' • 117
122128
123
130
IliO

90
90
• 9b
103
112
113
121
131
133
139
133
lh2

131
123
126
127
131
13h
136
111
lh6

131
129
123
129
13h
iho
113
153
16 0

113
137 •
. -i3i
:
130
• 131
131
129
127 •
123
127
137
l6h

1#
Iho
133
133
132
13h
131130
131

^
^

lh
lh
15
15
15
16
111
iu
lh
lh
lh .
lh

12
12
lh.'
13
• 13
12
12
12
11

19
17
18
17
IS
17
• 17
17
16
16
' 15
15

15
lh
15
lh
lh
lh
13
lh

15
lh •15
15
15
16
16
16
' 16
16
17
20

lh
13
lh
lh
lh
lh
• 13
lh
13

13
I
r - Preliminary.
1/ -Instalment collections during month as percentage of accounts outstanding at
beginning of month.