The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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 .
