The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD of. governors of the federal reserve system : M y 1» 1943 R&S ric-10 •HEmiL XNSOMMENT'CREpiTMay 1943 - • Instalment accounts receivable at furniture and jewelry stores declined further in May but at a less rapid rate than in recent months. At the end of the month the amount outstanding at both was 43 per cent below that on the corresponding date last year. Household appliance store accounts receivable continued to decrease at about the same rate as'in April and at the.'end'of May showed a decline of 69 per cent from a year ago* Collections on instalment accounts during May continued to increase at furniture, household' appliance, and jewelry stores. The collection ratios at furniture and household appliance stores rose two. points, from the. high April -"levels to 22 and 20, respectively Collections during the month at jewelzy stores were 33 per cent of •instalment accounts outstanding at the beginning, of.the month, as compared with 31 in April, and 20 in May 1942. ... Instalment Accounts Outstanding end Collection Reuios • I Accounts outstanding at end of month [ ' ,-December 31» 19^9 = 100 • Furniture —--stores -10U 107 109. 109 113" Ui110, 109 "110 • 105 102 101' 100 " :.s 85 80 • 76 • 73. 70 , 69. ,646o. 57 • 57 55 > - Kevi sod .• ^rrdture stores Jewelry stores Household appliance stores Collection ratios l/ I ho U ' 36 • 32 29 26 - - 8b r 66., r "56 r 55 r,52 . 50"- ' 11 . 10 10 • 16 10 17 18 11 11 18 18 2? •11 12 12 ' 19 . ... . - 18 . 12 . 19 " ,13 19 • ' ' "-13. 20 13 . 22 13 -" -ik 22' . 13 ih 25 13 " , :i6 . lk - . 26 16 , 30 .18 • 15 • 31 . 1 7 ; * • 15 . • - lr> • , 1+518 . • 111 102' .98 93 • 87 81 68. -6U • -6> . 16 17 17 10' 71 .'--11 92 107 . 12 112 , 93, 11 116 "" :9k ' - ll" lie 93 12 122 ' - 9L" ii 93 ' 120 • 12 "96 . 117 ' ' . 12 '98 11? • 12;: ' - ' n no 10^ 100. 96 91 85 77 - 71 614 Jewelry : store's •Household -appliance stores 12 - 11 " 13 . .13 -.-is: • : r .. 16 17 . •' ' lb 17 . 18. / : 19 • • r 1c 20 20 .22 . r ' r . r • 31 29 30. 31 35 • « l/ Instalment collections rs por cant of accounts outstanding et beginning of 7" month. - ' -