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w . m m UF W FEDERAL 3SSERVE BAfK( OF CLEVELAND ' ,A 6 V. BOARD OP"GOVERNORS'^F '.THErPEDE!^L B & O T E SYSTEM • 1 r \ •/ j • ... , • -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 . . ' • " 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. • ••• : V .21 =•'.• 21 ' ' 24 . -22. 23\ 23 . 2 4 ' ' - .. 35 " • "" . 32 . ' 36 - * . 36: - 40 r43 " - ' . 4 0 29 28 -32 30 33 r33 31 ^ .... Gh w m g AHVHfln •- 9 <J3S \ •