View original document

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 SYSpSfeD^L
C|

- HH o
I Mm
C

G.17.2

-

September 6 , 1949

R e t a i l Instalment Credit
a t F u r n i t u r e , Household Appliance, and Jewelry S t o r e s
JULY 1949
I n s t a l m e n t accounts r e c e i v a b l e a t f u r n i t u r e and.
household appliance s t o r e s i n c r e a s e d i n J u l y f o r the f o u r t h
consecutive month.

On J u l y 31 o u t s t a n d i n g b a l a n c e s a t t h e s e

two kinds of r e t a i l o u t l e t remained w e l l above year-ago l e v e l s .
Customers' i n s t a l m e n t accounts' o u t s t a n d i n g a t j e w e l r y s t o r e s
d e c l i n e d s l i g h t l y as i s u s u a l i n J u l y b u t continued somewhat
l a r g e r than t h o s e ' o f a year e a r l i e r .
The r a t i o of c o l l e c t i o n s during the month to i n s t a l ment accounts r e c e i v a b l e on t h e f i r s t of the month d e c l i n e d
one p o i n t i n J u l y to 13 per cent a t both household .appliance
and j e w e l r y s t o r e s . 'This change i n the c o l l e c t i o n r a t i o '
i n d i c a t e s t h a t t h e r a t e of repayment i n J u l y averaged about
one month longer than the r a t e , p r e v a i l i n g i n the second
.quarter of 19li9.

Instalment, accounts a t f u r n i t u r e s t o r e s a r e

being r e p a i d , on the average, somewhat more slowly than a t
e i t h e r household appliance or j e w e l r y s t o r e s .

The c o l l e c t i o n

r a t i o f o r f u r n i t u r e s t o r e s was 12 per cent i n J u l y , . the same
as i n the preceding month.




•

In s ta lm e n t Accounts. Outstanding and C o l l e c t i o n Ratios
Accounts o u t s t a n d i n g a t .end of month
December 31, 1939 = 100
Household
Furniture
Jewelry
appliance
stores
stores
stores

. L'cnth

C o l l e c t i o n r a t i o s —^
Household
Jewelry
Furniture
appliance
stores
stores
1

July
".September
October
November
December
i.cs.o

~•

-

80.
81
83
• 67
92
96
110

62
65
70
Ik
79
85
91

131
128
126
127
'
131
i
m
. ' 136

-

.

June
July.p^

'

• 90
90
- S&
103
112
118
12li
131
138
139
138
H|2

16

16
16
15
17
• 17
17
21

19
. 17
18
17
18
17
17
17
' 16
16
15
15

• S

13k
129
128
129
13k
mo
1U9

1L3 '
137
13U
130
131
131
129
127
128
127
137
16k

11;
lli
15
15 •
15 "
' 16
lli.
lli
•
lli '
lli
lli
lli'
•

152
ibo
133 "
133

.
,

12
12
111
13
13
12.
12

132.
i

1/

25
. 23
21
22
22
21
21

15
lli
15
15
15
16
16
16
16
16
17
20

!
10li
103
101
108
112
116
.117
122
128
128
130
lliO

January
February

91
95
99
103
- 106
117
1^6

18
17
17
19

'

15
lli
15
lli
lli
Ik
13

'

lli
13
lli
lli
lli
Hi
13 •

I n s t a l m e n t c o l l e c t i o n s d u r i n g month as percentage of accounts o u t s t a n d i n g a t
-beginning of month.