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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSpSfeD^L C| - HICHMom 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 . , 13k 129 128 129 13k mo 1U9 16 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/ • S 25 . 23 21 22 22 21 21 16 16 15 17 • 17 17 21 19 . 17 18 17 18 17 17 17 ' 16 16 15 15 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.
@FedFRASER