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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM:
A p r i l 7 , 19^9

G.17.;2

R e t a i l Instalment c r e d i t
' "
a t F u r n i t u r e , Household Appliance, and Jewelry"Stores .
FEBRUARY 19h9
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 and jewelrys t o r e s declined, s e a s o n a l l y i n February, but a t a somewhat more r a p i d
r a t e than occurred i n the corresponding month of lplt8.

Household"

appliance s t o r e accounts r e c e i v a b l e were a l s o reduced, but were J U per
U
cent l a r g e r than a year e a r l i e r .

Balances at; f u r n i t u r e and j e w e l r y

s t o r e s , however, continued to show much, smaller gains over the l e v e l s of
the preceding y e a r .

.

.

...

.

The February c o l l e c t i o n r a t i o s on i n s t a l m e n t accounts of f u r n i t u r e and household a p p l i a n c e s t o r e s d e c l i n e d one point, to 1$ p e r c e n t
and 28 per c e n t ^ r e s p e c t i v e l y .

At jewelry s t o r e s the r a t i o of c o l l e c t i o n s

to accounts o u t s t a n d i n g on the f i r s t of the month was unchanged a t 17 perc e n t . - Instalment accounts f o r the. t h r e e kinds of b u s i n e s s were r e p a i d
somewhat more slowly-than i n - t h e corresponding month of 191*8.




I n s t a l m e n t 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

;.:onth

-

Accounts o u t s t a n d i n g a t end of month
December 31, 1939 = 100
Household
! Furniture
Jewelry
appliance
!
stores
stores
stores

1/
Collection ratiosz'
Household
appliance
stores

Furniture
stores

Jev-elry
stores

bl
bl
bb
hb
bb
b$
bl
39
39.
bo • .
39
39

26
25
27
" 25
26
2b
23
23 .
25
23
2b
31

19L7 .
January
February
i:arch
'
April
-L:ay'
• '
June

63
62
.63
.65—68
70
71
• 73
.75
. 79
81
9b

1

August
'September
'October
November
December '

•

10
10
10
11
.11
13
lb
15 .
15
16
17
19

116
110
108
111
116
122
123
127
132
135
1U8.
197

23
21
25
23
2b
23
22
22
2b
23
23
20

.

'

•

191:8.January
: February
Uarch
April
Lay
June
July"
August
September
OctoberNovember
December

-

"89
87
83
91
9b.
96
97
100
10L
ioa
10$
112

-

18
18
19
21
23
2b
25
27
. 23
29
29
29

180.
173
169
16k
165
• 166
• . 161+
162
165
16L
169
- 223
.

18
17
19
19
. 19
20
18
18
17
18
18
17

-

36
32
35
.33
*:3k
33
3b
• 33
32
31
30
29

19L9
January •
F ebruary p

.

19
18
19
19
19
19
19
. 19
19
19
20
2b

• T
1#
102

-

27
26

206
189

16
15

p - preliminary.
1 / I n s t a l m e n t c o l l e c t i o n s during month a s p e r c e n t a g e of
b e g i n n i n g of month.




29
28

17
17.

lccounts outstanding a t