Full text of G.17.2 Retail Instalment Credit at Furniture and Household Appliance Stores : October 1, 1948

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i31

BOARD OF_ GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.17.2

'

'

- " r -iOctober 1, m 8

Retail Instalment Credit
at Furniture, Household Appliance, "an& Jewelry Stores
• AUGUST 19U8
Instalment accounts receivable at furniture stores
.showed about the customary gain in August, and.continued substantially above those of a year ago. Household appliance
store accounts outstanding increased further in'August, but
those at Jewelry stores remained at the level of the two prej
.
.
ceding months. Compared v/ith' a year earlier, outstanding balances for household appliance stores were up 86 per cent on
August 31, and for jewelry stores, 27 per cent.:
The rate of collection on instalment accounts in
August showed no change from the preceding month for the three
kinds of business. Collections during the month amounted to
18 per cent of instalment account's outstanding .on the first of
the month for furniture stores, 3b per cent for household
' appliance""stores., and 19 per cent for jewelry stores.




—™

G.17.2

-2-

Instalment Accounts Outstanding and Collection Ratios
Accounts outstanding at end of month
Collection ratiosi^
December 31, 1939 = 100
Household
.
Furniture
Jewelry
Furniture• Household
Jewelry
appliance
appliance
stores
stores
stores
stores

Month

19U6
July
August-'September
October •
November December.
19U7

.

^

53
:
55.
55
57
60
65

. 7.
8" .
' 8
9
9
10

65
66
66
68
' .; 73
126

io
10
10
11
11
13
lli
15
15
16
17
19

116,
110
.108
111
116
122

26
26
25
27
27
26

'

-

57
5U
51
52
hi
hi

•

32
33
30
32
3h
hh

"

.January . February^
March
April
Hay
: June/""'
.July ' ..
August
September
October
November
December

.63
1
62
63
65
63
70
71
- 73"
75. .
79
8b
9h
'

.

127
1#
135
1 h9.
197

23
21
25.
: 23
2h.
23
22
22
2h
23.,
23
20

hi
. la
hh
a
hh
45
a
• 39
. .39
• ho
39
39

26
25
27
25
26
2h
23
23
25
23
2h
31

19L8
January
February
March .
April
May
June ...
July
August p

•

89
87
88
91
9h
• 96 ,.
9.7
100

18
.18
19
. 21
23
.. 21
25
27

180 '
168
16L
159
159
.. 161
l6l
3.6.1

18
17
19
19.
" 19
20
- 18
18.
;

36
32
35
.33
'3h
33
3li
3h

19
18
20
20
20
20
19
19

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




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