Full text of G.17.2 Retail Instalment Credit at Furniture and Household Appliance Stores : July 2, 1948

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BOARD OF..GOVERNORS OF THE 'ETOW/"RESERVE SYSTEM.''
G.17.2

July 2 / 1 9 1 8

R e t a i l Instalment '.Credit
a t 'Furniture, Household Appliance, and Jewelry Stores
•••' May 19U8'

Instalment accounts- outstanding a t household appliance
.and f u r n i t u r e stores showed f u r t h e r increases in May, while
thcrse at jewelry stores remained at the April l e v e l .

The out- ;,

standing balance oh instalment accounts of household appliance
stores more 'than doubled over, the year, but : the r i s e in f u r n i t u r e
store accounts fori the Same period was l e s s marked*

The year- •

to-year gain in jewelry -store,' accounts receivable amounted to
37 per' cent.
!

-

•'

Collections on instalment accounts of household appli-

ance stores were somewhat improved in May, and the collection
r a t i o rose one point to^'U per cent.

The r a t i o s f o r f u r n i t u r e

and jewelry 'stores were'"unchanged f o r the t h i r d consecutive
month a t 19 per cent and 20 per cent, respectively.




;

%

G * 17 * 2

—2Instalment Accounts Outstanding and Collection Ratios

Month

"April
Llay
June
July. \
' jkugust
September
October
• November
December

Accounts outstanding at end of month
Collection r a t i o s ! /
December 31, 1939 = 100
'
Household
Household
Furniture
Jewelry
Jewelry
Furniture
appliance
appliance
stores
stores
stores
stores
stores
stores,

-

51
52
53
53
55
55
57
60
"65

5
6
6
7
8
8
9
9
10

6]
62
63
-65
68
70
71
73
" 75
79
Qh
' 9k

10
10
10
11
11
13
Ik
' 15
15
. 16
17
19

.

62
63
65.
65
" 66
66
68 .
.73
126

28
27
26
26
26
25
27
27
26

56
55
56
57 Sk
•
51
'
52
kl
kl -

.

32
3k
33
32
33
30. .
32
3U
kk

19 W
January
February14 arch
.
April .
%ay ' '
-June .
July-; - August •
September ;
.October
-November
December

January '.
89
February
. 87
88
Llai-ch
April
91
May P
- "
9k

18
18
19
21
23

:

-

116
110
108
-111
116
1#
123
127
132
135:
1L9197

168
rl6k
.159
159

.

23
21
• 25
23 2k
23
22
22
2k
23
23
20

18
17
19
19
19

'

U5
- kl
39
39
ko
39
• 39

26
25
27
25
26
2k
23
23
25
23
2k
31

36
32
r35
33
3k

19
18
r20
20
20

kl
' kl.
kk
kk ..

&

- r - Revised.
p - Preliminary,
• 1/ Installment collections during month as percentage of accounts outstanding at
beginning of month.




'