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FEDERAL

3SSERVE BAfK( OF CLEVELAND

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V.

BOARD
OP"GOVERNORS'^F '.THErPEDE!^L B & O T E SYSTEM •
1
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• -August 3 1 , 1345.
- R&S' r i c - 36

• R e t a i l ' InsjaJmcnt Credj't .
.
a t F u r n i t u r e , ^ H o u s e h o l d A p p l i a n c e , arid J e w e l r y S t o r e s
'

*

.

' •

July

-

I n s t a l m e n t accounts o u t s t a n d i n g a t -jewelry stor.es d e c l i n e d by
a b o u t t h e u s u s l s e a s o n a l amount An J u l y , w h i l e t h o s e a t 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 remained a t t h e . l e v e l of o t h e r - r e c e n t m o n t h s , .
J e w e l r y s t o r e a c c o u n t s r e c e i v a b l e a t t h e end of t h e > o n t h were^up n i n e

.

•per c e n t compared w i t h a y e a r e a r l i e r , whereas f u r n i t u r e s t o r e a c c o u n t s
o u t s t a n d i n g amounted t o a p p r o x i m a t e l y t h e / same 'as "last y e a r , - .
-

The c o l l e c t i o n r a t i o I on i n s t a l m e n t a c c o u n t s a t f u r n i t u r e s t o r e s

was 24 per c e n t i n ' J u l y , one p o i n t h i g h e r t h a n i n t h e p r e c e d i n g month.
C o l l e c t i o n s d u r i n g the month -were 31 p e r c e n t of i n s t a l m e n t PccpUnts o u t s t a n d i n g on t h e f i r s t of t h e month a t j e w e l r y s t o r e s ; - and-40 per c e n t a t
household a p p l i a n c e - s t o r e s . .




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Itistelment Accounts Outstanding and C o l l e c t i o n R a t i o s
Accounts o u t s t a n d i n g a t end of month
December 3 1 , 1939 = 100
Household
Jewelry,
Furniture
appliance'
stores
stores
• stores

- Month

Household
appliance
stores :

Furniture
stores

:=

Jev/elry .
" stores

~

•

July-. . " •
August;
September.
October
.'November •
December"
-

Collection ratios l /

-53
51
50
48
45" 47>
48 V

-

2%
19
17
15
13
11
.10

21
22 V
22
21 "
22
23
-22 :

48.
• ' -46
45
45
46
. 50
• 68

.

1^44

January
February
March
• April;'
.June July
.August
• SeptemberOctober "
" 2? ov ember'. •
- December

:

42,
41.
41 •
42:-

42.
42
41
.42"
43
: 45
"f8

8
7
7
6
6
5
- -5
5
5
- 5
5
5

.

• 56 '
52 .
53
49".
47/
- • 4544
43
•'44
45;
• 497.1,

. 33
- 34
34
33
37
- 39
55

-/ 21 "
21"
. 21
' 21
22
' -23 •
.22

;
.

31
" 22
.20
. -.
31
22
20 . .
34
- 26
23
28
-26
.
23
.30
.- 26.
25
'
30
28.
.24 •.
31
.29
23 '
31
: 32..
-24
. 32
: 33
24
34
36
26
' 34
• 24 ' • : • ' 37 '
'. :• 49
39
23

1345..
January
February.
I larch
• April- J--- ne
" 2-ily "

V

62
55'
51'..
49
50
50

" 43
42
42
. 42
•42
42.

IpsTplnent c o l l e c t i o n s during month as per
-fcegirKi>ng 'of month. •
•••




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.21
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21 ' '
24 .
-22.
23\
23 .
2 4 ' ' - ..

35 " • "" .
32
.
' 36
- *
. 36:
- 40
r43 " - '
.
4 0

29
28
-32
30
33
r33
31

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