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liWHOFTHEJHB* : • x •_ • ^ . j r|£> -BOARD OF GOVERNCRS^OF THE 'FEDERAL RESERVE SYSTSf February 1, 1945 P/.-S rie - 29 Retail Instalment Credit at Furniture, -Household Appliance, and J"ev/elry Stores December 1344 Instalment accounts receivable-at j ev/elry scores shewed more ' than the usual seasonal increase in December, and at the end-of the month vers'larger than af. anytime since 1942." At fmsli'tHre #ores - accb^nts - receivable ccntinuod tc increase for the fourth consecutive month,but / were unchanged from those of a year agd. Household appliance store „ accounts outstanding remained at the level of the" past sin months,, ana on December 31 Br.oujited to about one-half the vci-umc of a year earlier. Collections on instalment accounts increased sharply at l«wel*r stores, resulting -in a collection ratio of 48 per cent, as compared with.34 per cent in the previous r.dnt'h ~rA 55 per cent in i;es amber ±24o. . ( . The- collection ratio at household, appliance stores rose "one point during •-December 1944 to 58 per cent, v;hile at-furniture stores collections b l u n t e d to 25 per cent of instalment, accounts outstanding on the first of the-g^bh. Both ratios continued above -the year-ago levels-. 57 iri'j. CollectionRatios out Accounts Out stand-in-;: ? Xonth Accounts o.ut standing at end of r.cnth CellD C t i o n rv-ti .- . "L'jce r/cor 31,. 1953 = 100 Household i Household \ Furniture | appliance Furniture | appliance 1 Jewelry . stores •. stores stores - zstores 1 stores )S ' 1/ Jewelry stores' 1942 .70 ' 'NoTenibor "Pecerr.ber • / 50 46 63' . 73 " :: ,18 1 1943 Jun 'jfny -Februczy Marc"1; April' 4-J _ June • . • e:>-' 57. - 5v " 53 •' - 51 • .-v .48 July. ^ -Augugt % : ^ September October •- . ^ . -i7 November • 48 Bccei:;bcr'4 ; " • 41 . ,56 3~ 23 " 26 - 25 19 17 15 15 ;i 10 7 : 4:1." ' -414:7 4a >£ • -11 65 • 58 r3 bi ~ . 48 '' 46 . . . 45/ - 45." . .-46 '• . 5C 6 8 . .. " 56 "5.7 55 5 • G 43 47' 45 44 43 •4 45 40 5 : ' . 17 . 17 - •16 16 " 18 " ' : 1-a ' • ' , 7 5 - "15. .15 . • ' - 1 ? . 1 20 22 <1 ' • * 22 ; 21 . 22 . 25 ' ' rz - ' >?0 , . PC : . £3;--5' "2524 M' 26 18 20 21 • ' 21 21 -21• £2. ' 23 £2 - - 31 45 • '. . 51 30 -• - 30 '31 ' 33' 53 34 '' 34". 37 ' 39 ' ' 55 31" 3154 "£6 28 26 ' .50 26 30 26 51 2'.0 31 52 ' ..33. 52 Qf0b13A31O 40 33 mr#i3#i3S3y iiMae^ii 22 2,2 46 SKHMf5 8 S ^ r - PcHr:u. 1/ insta J™--: jollectior.s during r.c nth as ocr cent if accounts oug^Wiffi.r.r ~ . L-3iT: nnin-z of 7-.Vr.th. • — . . . . •• '' ' '
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