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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
October 5. 1951

0.17.2

R e t a i l i n s t a l m e n t C r e d i t a t Furniture" and Household Appliance S t o r e s .
-

"

AUGUST 1951

Instalment accounts o u t s t a n d i n g a t f u r n i t u r e s t o r e s i n c r e a s e d
s l i g h t l y in- August, r e v e r s i n g the dov.r.'.vard movement of the f i r s t seven
months _of t h i s y e a r . At the month-end the amount o u t s t a n d i n g v«as about
14- par cent fcelcv: the year-ago f i g u r e , '
•
Household appliance s t o r e ' . i n s t a l m e n t accounts r e c e i v a b l e r o s e
about 1 per cent during August* This small upward.movement a l s o cont r a s t s 7,1th the r a t h e r steady d e c l i n e of r e c e n t months. I n s t a l m e n t
balances cn. August 31 "rere about 9 per c e n t lcv:er than on the same date
a-year-ago.
.
'
.
• I n s t a l m e n t indebtedness a t f u r n i t u r e s t o r e s v;as r e p a i d a t a
scmev.hat f a s t e r r a t e i n August, but the r a t e of repayment v/as unchanged
f o r household appliance s t o r e s , as shoY.n by "the 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 . The c o l l e c t i o n r a t i o v;as one p o i n t above a y e a r - a g e f o r both
types cf c u t l e t .
.
'
Indexes of I n s t a l m e n t Accounts Outstanding a t End o f • MonthDecember 31,. 1939 = 100
FURHITURE:
19L9
19:0.
^ - 1951- '
HOUSEHOC APPIIA.HOE:
.1949
195"
1951

lApr.j :.:9y |jwie f j u l v |Augc |oepi ^\,ct& I Nov. [Dec.

J.

9'- - 1
131
163
183

128
166
178

127
170
169

131
174
166

134 136
177 - 182
163 159

141
136
160

146
192

153
190

160 174
18.7 192

134
13?
255

129 ' 128 129
150 ' 164 ,190
245 .240 234

134
197
226

i4o
206
221

148
219
217

15.3
241
219

IrO
258

167
258

170
258

126
168
172

183
260

i n s t a l m e n t C o l l e c t i o n Ratios
i n s t a l m e n t c o l l e c t i o n s during month as percentage of accounts outs t a n d i n g a t b e g i n n i n g of month "
!/ - ' . |
y

: 1919"195^
1951

H:U:IH:I1 APP1IAH0E:
i;^9
.. 1951

;

Apr, !'"•-•y

- 1 Aur, | aer-.a ( O c t . JrfOV« j i i e c .

I

12
10.
10

12
1Q_
10

14
li
n..

13
10
11

13
'10
.11

12
12
•10 - 11
11
11

12
11
12

11
11

11
11

11
10

10
11

15
12
12

14'
l i
li

15
12
12

14
n
li

14
12
11

14
10
12

13
11
"12,

14
11
12

12
10

12
11

12
10

12
10

KC-l:—Figures
f o r August "1951 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 .