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: ' " ' . ' . ' . BOARD OF GOVERNORS OF THE FEDERAL RESERVE' SYSTEM ^•17«2 ' ^ September 6, 1951 R e t a i l Instalment Credit a t Fum±tur6 and Household Applianee S t o r e s JULY 1951 | Instalment accounts outstanding a t f u r n i t u r e - s t o n e s decreased about 2 per cent i n J u l y , continuing the r a t h e r steady downward, movement of r e c e n t months, At the mdnthfend the amount outstanding s a s about 12 per cent below the year-ago f i g u r e . Household appliance s t o r e s a l s o allowed a continuing downward t r e n d i n i n s t a l m e n t accounts r e c e i v a b l e . Instalment balances on July, 31 were about 2 per cent below t h e ].@vel of the previous moftth-end and approximately 1 per cent below the l e v e l of July 31, 1950. Repayment of i n s t a l m e n t indebtedness during J u l y continued a t the June r a t e f o r both f u r n i t u r e and household appliance s t o r e s , . q s shown 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 . Compared with "a year e a r l i e r , the r a t e of repayment was unchanged i n the case of f u r n i t u r e s t o r e s , but somewhat f a s t e r i n the case of household appliance " s t o r e s . Indexes of Instalment Accounts Outstanding a t End of Month December 31, 1939 = 100 ; Jan,(Feb.)Har.(Apr,|May |June|July|Aug.(Sept.fOct.JNov;(Dec. FURNITURE: 19^9 "1950 1951 HOUSEHOLD APPLIANCE: 19U9. 1950 1951 131 128 168 166 183 178 126 127 168 170 172 169 131 13h 136 Ikl lL6 17k 177 • 182 186 • 192 166 163 160 • 153 l6o 17k 190 18-7 192 13U 129 180 180 255 2k8 128 I8ii 2k0 13ii llO 1W 197 206 219 226 221 216 167 258 129 190 23k 153 2itl 160 258 170 258 183 260 Instalment C o l l e c t i o n Ratios ' Instalment c o l l e c t i o n s during month as percentage of accounts o u t standing a t beginning of month i FURNITURE: 19k9 1950 1951 J a n . | f e b . | liar. |Apr. |llay |'June | J u l y | A u g . | S e p t , | O c t . ( N o v . |Dec, 12 11 11 11 12 11 , 11 11 11 11 10 12 10 12 11 12 ' 12 10 10 12 10 10 12 10 10 lb 11 11 13 10 11 13 10 11 12 10 11 HOUSEHOLD APPLIANCE: ' 19U9 15 1950 12 1951 ; 12 Ik 11 . 11 15 12 12 lit 11 11 Ik • 12 11 Ik 10 12 *l0Tk:--Figures f o r July a r e preliminary and s u b j e c t t o r e v i s i o n . ; Ik 13 11 11 : 12 - 10 11 1^3
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