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BOARD OF GOVEHMORS OF :THE" INDERAL RESERVE SYSTEM ....... . . „ January 1, 19^4rie - 16 Retail -Instalment Credit at Furniture, Household Appliance, and Jewelry Stores' November, 1-9U3. ^ . 1 '" • Instalment Accounts outstanding at household appliance stores con-.. tinued to decline in-November at abfut the sarie rate as iri October, and by the end of the month were 78 last year. per cent = below. .the level of the .corresponding date At furniture stores accounts-.receivable declined slightly, tpd on November JO amounted to about two-thirds of the year-ago volume. ' Jewelry Store accounts outstanding shpwed i oontraseasonal .rise iti November, but were 22 per cent below the year-ago.level.. ' ' — . Collections on instalment* accounts during November continued to ' •increase at ftmiture, household ap^llanfce, and jeiirelry stores. The collection, ratio at jewelry stores rose four points' from the,high October, level o r 37 per cent. . At furniture stores, November collections., amounted to 23. =or cent of the accounts outstanding. Collection about one-third above those in ratios November both kinds af retail iutlet were for ^ / ' Collections.at household appliance stores-were 2h per cent of i^tallept accounts outstanding at the beginning of the Month, as compared with 15'per cent in the corresponding .month-last year. -Instalment Accounts Outstanding and-'Co lie ction Ratios. Accounts' outstanding at.end of month December 31> 1959 = 100 Household Jewelry' .Furniture appliance stores stores .110 109 110 117 113 110 105 102 101 100 97' ' 91 •85 103-: 100 96 91 -65 77 71 80" 6h 7o 73' * 70; • .69'. 59 54 50 •oh; - 6b 57 57 . .55 53 -51 50-' h$ U8-: kl 46. _ " Collection ratios T Rirniture stores Household appliance stores 96 98 123 -lg • 12 1.1 11, • 11 • 12.: 111 19 • .12 . 12- - . , 18 . 19 ' 13 - 19 13' ' 20 ' 13 22 -:13 •.' Ik , 22 13 A 25 16 13. 26 16 l4 • 30. 18 . 15 31 * . 15 . •17• - L5 15 18 —102. 98 93 87 81 I 73 . 68 64' 63 63 79- 4l 36 32 29 26. 23 65 58. 15 13 . 11 "i U5. 53 51 h9 . 48 46 to- 12 11 13 .> 13 : 13 - 17 17 " 19 . 20 . 22: 21" 22." 22 ' .21 '22 '23. Jewelry • . 18 18 23 • 16 - 16 " • 18 18 . 20. . .21 21 21 .. 21 . 22 . 24 ' .30 . 30 31 33 3.3 • 34 3 li 33 37: ' - 'hi l/ Instalment colle.ctions as per cent of accounts outstanding at beginning of : — . nonth, -
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