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LIBRARY Of THE FEDERAL
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BOARD OF'GOVERNORS) OF THE -FEDERAL RESERVE SYSTEM
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" 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
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Instalment accounts outstanding' a t household .appliance s t o r e s ,
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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 .
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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 , .
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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.
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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
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December 51, 1939 = 100
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