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RESEARCH ^PAnfMENT JL'N RE^r^Eh RICH BOARD OF GOVERNORS OF THE FEDERAL'RESERVE SYSTEM ' June h, G.17.2 19U8 Retail Instalment Credit at Furniture, Household Appliance, and Jewelry Stores- April 19U8 Instalment accounts outstanding at furniture stores showed a small, seasonal gain in April, and remained well above the yearrago level. Household appliance store accounts receivable continued to rise, - . and at the end of April were four-fifths higher than a year earlier. . The amount outstanding at Jewelry stores declined slightly, contrary to the movement from March to April in the two preceding '.years. Instalment' accounts for this type of outlet were til per cent larger than at the. end of April 19h7» Furniture and jewelry store collection ratios . j were unchanged in April at 19 per cent. At household appliance stores the rate of collection was slightly lower..than-in.-March, amounting to 31 per cent as compared with 33 per cent in the preceding month. . 71948 FtBtRAL. RESERVE BANK OF RICHMOND ' G.17.2 ' -2 r Instalment Accounts Outstanding and Collection Ratios Accounts outstanding at end of month December 3 1 , 1939 = 1 0 0 Household Furniture Jewelry appliance stores stores ' stores ^nonth ; Household appliance stores Jewelry stores I: 50 - • 51 52 '. 53 - 53 ' 55 55 57 6o - ; 65 I larch . AprilLay . June July - August' September October November December • 19^7 5' 5 6 6 7 8 8 9 9 10; ; '• 61 62 : .6j ... . 65 65 66. 66 68 73 27 28 27 . 26 26 26 25 27 27 26 . 126 : 32 32 3b 33 32 33 30 51 56 55 56, 57 5lt 51 52 b7 b7 32 3b bb . -January February Larch April . - i.:ay ' • June . . July August' September October November ' December 19L8 Collection rat'i'osl/ Furniture stores • 65 10 10 .10 . 11 68 11:.; ' - ... 63 62 63 70 71 73 . - 75 79 8U ' 9b . 13 . .114, 15 . 1 5 16 17 19 116. 110 108 1 :: 23 21 . ' . 25 2> 2k 23 HI 116 122 ' 123 ' 22 22 127 132 .135 .119 : . 2h23 • -23' 20 .197 U7 hi bb bb -bb U5 - a- 39 39" Uo 39 39 26 25 • 27 • 25 : 26 2b 23 . 23 • 25 23 2b 31 .. January February Uarch. April.p'-, 89 .87 88 •91 18 180 18 . \ . rl68 163 19 20 : . , • 157 • 1 18 17 19 • 19 36 ' 19 • 32 rl8 . 33 31 ' 19 19 p.- Preliminary. r - Revised. " 1/ Instalment collections during month as•percentage of accounts'outstanding at beginning.of month.
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