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RTIWfNT BOAPD OF GOVERNORS OF THE FEDERAL RESERVE SsjysiEg (J " a - ufvo BAN August 3 , 1949 G . 1 7 .2- • . • • R e t a i l I n s t a l m e n t Gredit . a t 1 u r n i t u r e , Household Appliance, and Jewelry Stores June 1949 I n s t a l m e n t accounts o u t s t a n d i n g a t f u r n i t u r e , household a p p l i a n c e , and j e w e l r y s t o r e s i n c r e a s e d s l i g h t l y i n June. At the end of the month, both f u r n i t u r e and household appliance s t o r e balances v/ere s u b s t a n t i a l l y l a r g e r than on the corresponding date l a s t year.. Accounts r e c e i v a b l e , of j e w e l r y s t o r e s continued t o show only a small gain over the year-ago l e v e l . - The r a t e of repayment on i n s t a l m e n t accounts has shown ; l i t t l e v a r i a t i o n i n r e c e n t months a t the t h r e e kinds of o u t l e t . The June c o l l e c t i o n r a t i o s f o r f u r n i t u r e and household appliance s t o r e s were 13 per c e n t and l h per c e n t , r e s p e c t i v e l y . , the sane as f o r A p r i l and May. At j e w e l r y s t o r e s t h e - , r a t i o of c o l l e c t i o n s t o accounts o u t s t a n d i n g on the f i r s t of t h e month was lit per cent f o r the f o u r t h s u c c e s s i v e month. K -Instalment Accounts O u t s t a n d i n g and C o l l e c t i o n R a t i o s ccounts o u t s t a n d i n g a t end of month - December 31, 1939 = 1 0 0 | Household Furniture j jewelry | appliance ! stores j stores 1 stores - Month 19^7 lay - . June July August September October" ::cve~iber , 53 62 81 65 83 70 87 7k 79 80 ' 92 98 n o Jenu&ry . February 1 r.T" | j ITove-ber" | January I.:arch . | , | 2k 18 18 25 16 95 17 23 99 17 21 103 19 22 106 19 16 ' ' 22 - ' . 15 17 17 85 117 18 21 17 91 1^6 16 21 21 ih 19 90 137 lU 17 lk .13k 15 18 15 112 9k 103 112 131 15 116 118 131 16 129. lk lk 17 lU 16 90 1.30 U 7 12k. 131 .127 138 128 - 126 139 127 13Q 138 137 ILO 1U2 16L 15 . • 1.5 17 15 18 15 17 16 • 17 lU lk lk 16 16 - 16 16 16 15 17 15 20 1 131 125 126 • 1L3 122 128 . 20 103 10S August Sep-er.ber 89 9U 101: 10& 1 . C o l l e c t i o n r a t i o s JT Household Jewelry Furniture appliance stores • ! .. 1 5 2 12 15 129 -,'11:0 12 lk 13 128 133 15 lU 14 lh • lk lh 11 lh 13U 13U iko ' 133 132.. 133 • lk 13 13 13 c o l l e c t i o n s during n o n t h as p e r c e n t a g e of of z o n t h . • 1 . * lit accounts outstanding at
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