'I'll!'. Federal Reserv'd Hoard recently looked into the ques.ion of installment buying in the United .States and reported on the current situation. One of the high lights of the report wajs the fact that the installment debt ot the United States is now ">1.5 billion dollars land, of course, this is one ot the less stable signs of credit. Researchers of the Federal Reserve l"''an! say that installment debt does not necessarily bring on a depression although it a depression comes along, or even a se vere recession, an excessive load of install ment debt can aggravate the situation ser iously. ,I ust what is u be considered an excessive load’of instal nient debt is a de batable question. However, there is mi denying the fact teat installment deb: has inert ased very rapidly in recent year.-j. although savings and incomes nave also increased. There is

50.4%