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BOARD OF GOVERNORS OP TEE FEDERAL RESERVE1 SYSTEM ' , . ' :• March 3, 1-943 R&S ric - 6 RETAIL INSTALMENT CREDIT January 1943 Instalment accounts receivable at furniture and; t household appliance stores continued to decline in January, at about the same rate as in recent months. Jewelry store accounts outstanding decreased by somewhat more than the usual seasonal amount and by the end of January were 40 .per cent below the corresponding month of 1942, ' This compares with declines from a year ago of ;39 -per,cent for furniture stores and 60 per cent at household appliance stores• The collection ratio on -instalment accounts at jewelry stores declined considerably-in January from the high December level to 29 per cent as compared with.19 per cent for January 1942, Collections during January 1943 on accounts outstanding at the beginning of the month were 16 per cent at "household appliance stores and 17 per cent at furniture stores Instalment Accounts Outstanding and Collection Ratios Accounts outstanding at end of month December 51, 1939 = 100 Month -Furniture stores Household appliance stores Jewelry stores 103 102 101 104 107 109 109 " 113 111 110 109 102 101 101 107 112 116 118 122 103 ." 96 93 92 - 93 -.94. 93 94 „ 98 ' 96 , 98 123 Collection ratios V Furniture Household Jewelry stores • appliance stores stores . • 1041/ January February' ' :.:afch . April i^y June .. July August " . •September October . November-- . December 1942 \ 110 120 117 113 110 " 10 -10 .10 9 10 11 -11 10 ' 12 11 10 10 % 10 .11 11 11 12. 12 11; 12 12. 11 15 15 " 16 16 17 17. 16 17; 18 18 18 23 - January February, March 'Asril ' K&yJune - July .. August . September "October ' November December 76 -73 / 70 '. 69 103 100 96 91 . 35 77 71 64 59 54 50 r 46 p 64 41 105 102 -101 • 100 97 91 85 80 ' 111 .102 98 93 • 87 /. 81 r 73 69 6.5 . 63 . r 63 r 80 12 11 13 13 ' 13 14. " - - 14 : .16 . 16 . 18 ' 17 .18 ' 19 rl2 -18 rl2 • ' 19 • 13 19 13 20 13 . 22 13 22 ' 13 25 13 • , 26. . 1 4 30 15 . " 31 15 r44 rl5" - '1943 ~ ^ x January Preliminary 'l/ "" .- 67 P17 16 = "Revised Instalment collections as per cent of accounts outstanding at beginning of month.V 29