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BOARD OF' GOVERNORS- J OF THE FEDERAL RESERVE SYSTEM7
January 3, 1945 .
R3cS ric - 28

-Retail SInsti
at 'Furniture, Household Ap*

•Credit .
3, .and Jewelry Stores /1944:

i

Instalment accounts outstanding At furniture and jerelry stores-

continued to increase in November, while' those at'household appliance storesshovred little change:f ron the level of other recent months. Compared with
the anoiint outstanding on the same ccte last ye?.r,.-accounts receivable on
November 50 declined two per cent at jewelry- stores,

four per cent,at furni-

ture stores, and 55 :-;er cent ,at household • appliance stores.

'

Collections on "instalment accounts at jewelry and household appliance stores increased further in November,, and the collection ratios rose
two joints tc 25 per cent and 58 per cent, respectively., At furniture
stores collections curin.svfche month v;ere *24 per cent of instalEsntKacco-unts
cutstending at the beginning of the month, as compared with 23 per cent a.
year earlier.




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