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BOARD OF GOVERNORS OF THE FEDERAL" RE: ERVESYSTEIi

@p,17.2

October6, 1950

• Retail Instalment Credit at Furniture and Household Appliance Stores
AUGUST 1950
Instalment accounts receivable at furniture stores in. creased further in August but the rate of growth slackened somev/hat
from that of the preceding month. Outstanding instalment indebt' edness at household appliance stores showed a more substantial gain
. • .during-the month. Over the year-period, outstanding balances have
increased by more than one-half at household appliance stores and
by nearly one-third at furniture stores.

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The ratio of collections to first-of—month instalment
accounts outstanding at both furniture and .household appliance stores
remained the same as in July but. was slower than in August 19k9 •

indexes of instalment Accounts .Outstanding at .End of I.onth
• . s
December 31, 1939 = 100
Jan. I Feb. Liar. |
June (July).
Sept. I Oct.|
Nov.|Dec.
Apr. |
Aug. |
|
i-ay 1
10L
131
168

19^8
191i9
1950
HOUSEHOLD APPLIANCE:
1918
19L9
1950 T" '

103
128
166

10k
126
168

90
131
180

90
129
180

9k
103
128 129
181: 190

108
127
170

116
131
17.7

117
136
182

122
111
186

128
1L6

128
153

130
160

112 118
131; U4O
197. 206

121
118
219

131
153
2U1

138
160

139
167

138. ll;2
170 183

112
131
17V

lliO
171

Instalment Collection Ratios
Instalment collections during month as percentage of accounts outstanding at beginning of month
Jan. !Feb. |
;
FURNITURE:
' 19L819li9
1950

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HOUSEHOLD. APPLIANCE:
19li0
.
.1919
' ^ 1950

, |Apr. li.iayJune July!
1

lk
12
10

11
1
12
10

15
lh
11

15
13
10

19
15.
12

17
Ik
11

18
15
12

17 , 18
111
II4.
11
12

15
13
10

|Sept.|Oct. !%ov. |Dec.

16
12
10

Ik
12
11

Ik
12
11

Ik
11

17.
1U
10

17
13
11

17
lk
11

16
12

lk
•11

lk
11

Ill
10

16
15
12 . -12

15
12

iXi'^.—Figures for August 1950 are preliminary and subject to revision.