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OF IKE HSEilfiL

RESERVE B W OF ElEVilAND

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l- U [ b -BOARD-OF GOVERNORS-OF THE -FEDERAL-RESERV-E SYSTEM

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July 5, 1946

R e t a i l ( I n s t a l m e n t . .Credit
•
a t : F u r n i t u r e , Household A p p l i a n c e , ana J e w e l r y S t o r e s

i

Instalment, accounts -receivable a t f u r n i t u r e s t o r e s increased slightly^
i n May, w h i l e t h o s e a t j e w e l r y s t o r e ' s , r e m a i n e d a t > U
month.

l e v e l of the, p r e c e d i n g

Amounts o u t s t a n d i n g on May 31 a t b o t h k i n d s o f r e t a i l o u t l e t w e r e .

n e a r l y o n e - f o u r t h l a r g e r , t h a n on t h e ' c o r r e s p o n d i n g d a t e a y e a r a g o .

House-

hold appliance s t o r e accounts r e c e i v a b l e i n c r e a s e d f o r . t h e f i r s t time i n
s e v e r a l - m o n t h s , end c o n t i n u e d w e l l abtive l a s t y e a r ' s l e v e l .
"

.

.

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 f u r n i t u r e s t o r e s i n c r e a s e d .

d u r i n g t h e . m o n t h , b u t t h e c o l l e c t i o n r a t i o r e m a i n e d , unchanged a t 28 p e r c e n t .

.

• At j e w e l r y s t o r e s t h e c o l l e c t i o n r a t i o , o f 33 p e r c e n t was o n e . p o i n t h i g h e r
t h a n i n "tie preceding month.
Kay were U

C o l l e c t i o n s " , # household a p p l i a n c e s t o r e s -during

p e r c e n t o f 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 a t t h e b e g i n n i n g of

t h e ; m o n t h , a s compared w i t h 56. per. c e n t , i n A p r i l and .40 p e r c e n t i n t h e c o r r e s p o n d i n g month of 1 9 4 6 .

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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 and C o l l e c t i o n R a t i o s

-Month -

Account's- o u t s t a n d i n g a t end o f -month
Collection ratios l /
December 31, 1939 - 100
Jey/e I r y
F u r n i t u r e Household
Jewelry .
Househoid
Furniture
store-) a
.appliance
storesappliance
stores
- stores
. s t o r e s ..
stores

1944
April
May
June"
July August September
October
" .November
December'

49.
47*
45
44
43
- 44
45:
49
71.

. 6
6
5
5
5
5
5
5
-5

41
42 ;
4242
41
4243 45 '
48"

62;'
55
51:', 4950,
• -50.
48
46
45
4548
76

21
21
24. 22 •
23
23
24
.23."
23
27
''
27 .
24

28
30
30
.51
31
32'
34
34
49

26

23
"25
24
23;
:24
24
26
24
23

26;

28
29
52
• 33:
36
3.7
39

1945
January.'
-February
March.
April .
May „ . J u n e ..
' July
August
. Septembe'
-October
liovember
- December

; 44
43
42
42".
- 42
4242
' 41
- 42'
4446.
. -50 -

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4
4
4 4 '
4
4
4
4
44
4
5
.

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:

35
32
36
• 36
• 40
... 4 3 .
42
48
'• 49 52.
51 •
48

29
28
32
30
33
. .33"
- 31'
31
30
31
35
-46.
,

;• r
•- " 1 : 9 4 6 '

*
• 52
-25 •
68
5
48
.January"
' "29
51 .
24-.
63
5
49
.'February
. . 32
- 53:
27 • •
61 '
5
' 50 ~
yMarch:
• 32
56.: 28.
62
5
' 51... A p r i l
... 33
. 54 28
52
6 '
. 5.2
.:2^y
,u - P r e l i m i n a r y
•,
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1 / 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 - j x c . o f a c c o u n t s o u t s t a n d i n g
b e g i n n i n g of m o n t h .
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