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. • BOABD OF GOVERNORS OF THE, -INDERAL - RESERVE 'SYSTE?,! 1 . . • : .... t ... . - * f- : - - . August 3 , 1914.3 -ifcs r i c - 1 1 •' * s e t a t i " I n s t a l m e n t Credi't"* . ' f . a t F u r n i t u r e , ' H o u s e h o l d Appliance,s and Jewelry "Stores . June 191*3 - ' . I n s t a l m e n t a c c o u n t s r e c e i v a b l e a t hou.sehbl-d a p p l i a n c e s t o r e s d e c l i n e d i n - J u n e a t a b o u t the same r a t e a s i n r e c e n t ' months and by t h e end of t h e month ' were 71 p e r c e n t below t h e l e v e l of t h e corresponding d a t e l a s t y e a r , Furniture and j e w e l r y s t o r e a c c o u n t s o u t s t a n d i n g decreased f u r t h e r but a t a l e s s r a p i d r a t e t h a n i n the p r e c e d i n g month. At f u r n i t u r e s t o r e s i n s t a l m e n t accounts r e c e i v a b l e were i|2 p e r ^ cent below those "at t h e end of June 191+2' as compared w i t h a d e c l i n e of I4.I p e r cent a t - jewel zyi S t o r e s . ' • . • - , The June c o l l e c t i o n r a t i o s on i n s t a l m e n t accounts: a t j e w e l r y and Household a p p l i a n c e s t o r e s remained unchanged a t t h e high M a y . l e v e l s of 3 3 f a n d . 2 0 , respectively. A t ' f u r n i t u r e s t o r e s c o l l e c t i o n s ^during June were 21 p e r cent of i n s t a l m e n t accounts o u t s t a n d i n g a t t h e beginning of the .jrtont'h. Collection ratios f o r the t h r e e k i n d s of r e t a i l - o u t l e t a r e a h a l f o r more above t h o s e of t h e c o r r e uwrndin'- r.o^th of 19l-i2, ' I n s t a l m e n t Accounts O u t s t a n d i n g 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 $ 1 , , 1 9 3 9 = 100 Furniture ' stores 107 .109 109 113 . ill 110 .109 • • 110 112 ll6 118 122 120 117 113 110 105 102 "101 100 97 91 :s5 "80 76 73 .70 69 103 100 96 91 85 - 77 71 6U 59 5U 50 U6 hi 6U 60 57 ' 57 -55 53 . . _ r - Revised - Jewelry stores Household appliance stores 36 32 29 26 22 93 . ,9k 93 .9k . : .98 96 .. 98 123 • 1-11 : 102' 98 !93 - 87. ' 81 - 73 68. ,6V . 63 ..63. r 79 - r 65 .58 • 53. . r 51 r W m Collection, r a t i o s l / Furniture stores 12-.' . ii ii 12 ,11 12 .12 .11 - •12 11 -13 13 I • 16 - 18 17 18. •17 17 • "19 20 22 21 Household annliance sto res Jewelry stores. 11 10 . io. io : • • ii : .ii ' ii 12 • .12 12 13 13 13 13 .13 13 lU 15 15. 15 16 •16 • 18 18 20 20 • l / I n s t a l m e n t c o l l e c t i o n s as per cent of a c c o u n t s o u t s t a n d i n g a t beginning of ~™. no n t h / -v 17 17 16 17 18 18 18 23 19 18 19 19 2.0 22 22 : 25 26 30 31 U5 31 30 30 31. 33 33.
@FedFRASER