View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

•
-

.

.

LIBRARY Of THE FEDERAL
'

y

< t f >

r m

?

m

0FCLEVELAND

BOARD OF'GOVERNORS) OF THE -FEDERAL RESERVE SYSTEM

^

" February 6, 1 9 ^

R e t a i l 1 - I n s t a l m e n t C r e d i t „.
ra 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 , and J e w e l r y S t o r e s
'December 19U5: .5
v
•

; •

1

.
I -

Instalment accounts outstanding' a t household .appliance s t o r e s ,

-

w h i c h h^ve d e c l i n e d s t e a d i l y , s i n c e S e p t e m b e r 1 § U V i n c r e a s e d . s l i g h t l y
d u r i n g December, and w e r e i n a b o u t t h e same volume- a s a y e a r e a r l i e r .
F u r n i t u r e s t o r e accounts receivable-showed" more-than the customary
s e a s o n a l e x p a n s i o n , and a t the 1 end o f , t h e month w e r e s i x p e r c e n t l a r g e r
t h a n on December ^ 1 , - 1 9 W .

,

At j e w e l r y s t o r e s a c c o u n t s o u t s t a n d i n g

i n c r e a s e d b y c o n s i d e r a b l y more t h a n ' t h e u s u a l s e a s o n a l amount, and' were
about o n e - t e n t h l a r g e r than l a s t y e a r , .

-

C o l l e c t i o n s on i n s t a l m e n t a c c o u n t s a t j e w e l r y , s t o r e s " i n c r e a s e d
s h a r p l y , as i s - u s u a l i n December,""^resulting i n a c o l l e c t i o n r a t i o of
1+5 p e r c e n t , 11 p o i n t s h i g h e r t h a n . i n N o v e m b e r . D e c e m b e r c o l l e c t i o n s
amounted t o 25 p e r c e n t of i n s t a l m e n t a c c o u n t s 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 f u r n i t u r e s t o r e s , a n d W p e r c e n t ' a t - h o u s e h o l d a p p l i a n c e /
stores.
of

Both r a t i o s c o n t i n u e d a b o v e / t h o s e f o r t h e c o r r e s p o n d i n g month

19a.




.

.

.

^

" uewrnv
to

7

- x

"

2 27 PK MS

- I n s ^ M ^ ^ J ^ ^ j j l j j ^ ^ 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

{Accounts o u t s t a n d i n g a t end of month
. . - C o l l e c t i o n r a t i o s= - V .
i
December 51, 1939 = 100
Household .
Household : Jewelry
Jewelry .
] Furniture
Furniture
appliance
appliance
stores - stores
stores
stores" *
stores
stores

'
Month

"

.

-19WNovember
December.

>

-.
hT . . . - 1+8 '•

:.
;

January
. W
^ F e b r u a r y . •• -1+2 .
. -i+1
•
MarchApril
Kay
June
P
-•li.2-.-~
July
"August ' .
s ; .
.September-*
October...,
-Naveirib e r -.
to
.
D e c e m b e r a - 1+8

11
10 •

8
7
7
6
- 6
5
5
5
5
5
• 5
5

'

56

.

s
ila
U5

. b9

22
22
26
..
2626
. - . 28
.
29
" " .32

20
20

-

1 1 - :
1+9
1+7

-

'39
55.

j ..23
22

68

1

.

23-

• '
•

71

31.

.

3L
•- 28
30
30
• 31

-

*

'

s
23

- ,

. 1

'.39

..

•

3k
1
•U9

.

, . 1*5.
" January
February
March
•April.
June
July - .
August-- - .
September-,
.October
HovezVber.
_ DecemberBf '
J

' l T
:

i l ;

[42

.

h
U
k

h2-

'

1+2

•i
k

1 ?

-

62 • -

-1+1+

- '

' V - - Prelimitiery.

L--

-

•

U8

21

• -

.

2h-.

.

•

'

U5
k8

5

78

28
• 32
. 3Q
.

-•

-2U

" 27
27

1 '
'

• 25

.
"

.

' 5?
« - r51
U8

33
.33
31
31

•
.

'.

. r3U
U5"

-

I n s t a l m e n t c o l l e c t i o n s d u r i n g month a s p e r c e n t of a c c o u n t s o u t s t a n d i n g a t
b e g i n n i n g of m o n t h .
- • '




*

3°

;23'

• • 231

4 5 .

k
k-

"29

35 •

.

22

50
50 .

b6

21
••

55
51.
U9 •

.
.

.

•

-

•