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. , \U b" RESEARCH D.IPAnTr.^Lrjj ' DEC • • ., • • BOARD OF G O V E R N O R S OF TKF. FFJMMT,.flF.£FJ?W. G.17.2 k:.'3 December. 7 3 19U9- Retail Instalment Credit. at Furniture, Household Appliance, and Jewelry Stores OCTOBER 19U9 Instalment accounts receivable of furniture, household appliance, and jewelry stores expanded at a more rapid rate in October than in the? preceding month. On October J 1 outstanding indebtedness at jewelry stores was only 5 per cent above that of a year earlier, but at furniture and household appliance outlets the year-to-year gain was about 20 per cent. . ' Collections on instalment accounts of furniture and •jewelry stores were slightly accelerated in October and the collection ratios returned to the August levels, of 12 per cent for furniture stores and lU per cent for jewelry stores. Collections of household, appliance stores in; October amounted to 12 per cent of their first-of-month instalment accounts outstanding, the same as in the preceding month. The average period required to liquidate instalment accounts at all three kinds of retail outlets was materially longer in October-than in the corresponding month , [ FEDC^ L - V£ CAU'K flYSfF.M - MONO Instalment Accounts Outstanding and Collection Ratios •Accounts outstanding at end of month' ::on%h ; ' rurniiure ! siores i Household appliance stores >2 ?5 ! i ; 110" : iob 90 1 Jewelrystores lb 'lb 13a 15 . 15' 131 15 IIS 131 121; 129 127 - 16' • lli lb 126 11; 127 lb 13 J 137 112 161' lh. lb 131 152. 12 129 luO 12 133- lb 133 132 , 13b 131 13 12 22 21 17 17 17 21 21 22 10 130 • ' 1? 19 lb3 137 103. 112 er " ; . c...ber. 103 1 1C6 ' 117 . 156 7b 79 3; 91 •: Household appliance stores i U 57 Collection Ratio si/ Furniture stores Jewelry stores 13 15 lb 15 15 15 19 17 . 13 17 • • ; 17 .16 17 17 16 16 16 16 16 15 17 i5 20 16 I . - • ,L-. 1" I S i 1 l:a ! .1,6 j ' 1)3 j l | nt - collections ing of month. 15 •lb 15 • lh • lb lb 13 Iw 119 133 160 130 12- 131 11 167 133 12 • 12 ' 13 " 1 lb 12 12 lb 13 lb lb lb lb 13 lb 13 lb month as percentage of accounts outstanding at .
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