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• UBfflRV OF THE MEBAL
RESHa/feBAPiRnF CLEVELAND

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£

BOARD OF 'GOV5KMORS'OF,'THE-FEDERAL RESERVE-SYSTEM
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' June SO,- 1945
R&S r i c " - 34

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Retail j Instalmen^-Cradlt
a t F u r n i t u r e , Household A p p l i a n c e , and Jewelry S t o r e s

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May 1945 .

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, Instalment a c c o u n t s o u t s t a n d i n g a t j e w e l r y s t o r e s d e c l i n e d

s l i g h t l y i n May . . w h i l e those, a t f u r n i t u r e and household a p p l i a n c e s t o r e s
showed l i t t l e change f r c m t h e l e v e l . o f . o t h e r r e c e n t months.

At t h e e n d

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Of t h e month j e w e l r y s t o r e a c c o u n t s r e c e i v a b l e we're four, per- c e n t h i g h e r ;. .
t h a n on t h e corresponding dcite l a s t - y e a r .

The amount o u t s t a n d i n g a t

f u r n i t u r e s t o r e s j w a s a p p r o x i m a t e l y t h e same as on May 31, 1944,
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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 i n c r e a s e d during hay a t .

j e w e l r y , f u r n i t u r e , and household a p p l i a n c e s t o r e s . " The c o l l e c t i o n r a t i o
a t household a p p l i a n c e s t o r e s r e a p e d , a new h i g h of 40 per c e n t , ' w h i l e

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a t j e w e l r y and f u r n i t u r e s t o r e s t h e r a t i o s r o s e t o - 3 4 per c e n t . a n d 23 per
cent,respectively• -




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I n s t a l m e n t Accounts Outstanding End C o l l e c t i o n R a t i o s •
A c c o u n t s o u t s t a n d i n g a t end of month
December 3 1 . 1939 * 100
=
Household
Jewelry
-Furniture
appliance ,
stores
.. s t o r e s
stores

' • ' .*
.. Month

. 1943

Housejiola.
appliance
stores.

Furnit.ure
. stores

Jewelry
' -stores ;

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April May

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,

*

--57
56

2926
23
19
17
15
13
-. 11
10

•

•
-July
60,
.
August
48
September ,
= 48
•
October.
47
November .
"48 •
December '

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Collection ratios y

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51
- 49
48

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1945-

' '

."44
.
43
42 42
42 '

- January
February .
barch
April.
.
May .

.

.

18
20
21
21
21
• 21
- 22

•

8 -

.31 .
33 •.
33.34
• 34 "
33
" 37 .
39
- ;-55. -

-

56-"
52
53 . 4S
47
•
45
•
44
43 '
- 44 :
45
49
r71.

8
7
*. 7
6
6 5
5
5
5
. 5
5
5 '

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'

:i
21
22
23
22

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44
. 42
41
.41
.42
.42.
4.2
.41
'42
• 43
45
48

%

45:
4650 '

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1 9 4 4

January
February
March
April
.
'May ,
June
. July "
August
--September
October,
November
December

20
22
" . 21\

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^
;
,

• 31
31 •
34 •
28
; 30
* •
' 30

. 22
" .22
26
26" •
- 26
• 28
- 29
. .32
33

20
20
23
23
25 24
23
24 24. .
26
• 24
23

::
39

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49

<

21
- , 21
. 24
22
23

63
r56 . '
r51 r50
49".

4
4
4
44

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'
.

35
32
3636
40.

1

31
r29
33
r31
34

l / " I n s t a l m e n t c o l l e c t i o n s during month cs per c e nt of accounts o u t s t a n d i n g a t
~~
b e g i n n i n g of month*.
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