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RESEARCH CJMRTJAENT JUN 74949 b o a r d of g o v e r n o r s of t h e f e d e r a l RESERVE ' S Y S ^ e d e r ; , l >^; R VE bank • OF . C.l?.2 . J u n e 6 , 19U9 Retail Instalment Credit a t F u r n i t u r e , H o u s e h o l d . A p p l i a n c e , and J e w e l r y S t o r e s ' APRIL 19U9 : 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 at f u r n i t u r e s t o r e s - a t t h e end of A p r i l were unchanged .from t h e March . l e v e l , w h i l e those a t household appliance s t o r e s r e g i s t e r e d a s l i g h t g a i n , < • O u t s t a n d i n g b a l a n c e s a t b o t h t y p e s , of o u t l e t c o n t i n u e d s u b s t a n t i a l l y l a r g e r than a year e a r l i e r . Jewelry s t o r e accounts r e c e i v a b l e de- c l i n e d . somewhat l e s s t h a n i n t h e p r e c e d i n g year., and a t t h e end of A p r i l were s l i g h t l y h i g h e r t h a n o n ' t h e c o r r e s p o n d i n g d a t e i n 191*8, I n s t a l m e n t a c c o u n t s of b o t h f u r n i t u r e and h o u s e h o l d ,. a p p l i a n c e s t o r e s were c o l l e c t e d somewhat more s l o w l y i n A p r i l t h a n a month e a r l i e r , and t h e c o l l e c t i o n r a t i o s d e c l i n e d one p o i n t t o 13 p e r c e n t and IJ4. p e r cent, r e s p e c t i v e l y . C o l l e c t i o n s on i n s t a l l merit a c c o u n t s of j e w e l r y s t o r e s amounted t o llj. p e r c e n t of a c c o u n t s o u t s t a n d i n g on t h e f i r s t of t h e month,, the, same p e r c e n t a g e as was r e p o r t e d i n Iviarch. ^ I n s t a l r . 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 V-.c c o u n t s o u t s : ! ndin,-; a t end of .month j Collection ratio j l / 1 9 3 9 = 100 I Household j Household rurniture Jev/clry . F u r n i t u r e appliance ! •appliance | stores 'stores stores ' stores ::onth roh 70 73 76 CO 61 . 53 57 92 95 1IC v-.:r.e '• . - . hi 52 53 62 65 70 74 79 85 91 20 19 20 18 17 17 19 19 . 18 16 82 84 , 69 •9k ' 95 99 103 .106 117156 sV Jewelry 19 17 18 16 16 15 17 cl7 17 21 25 2L 2k 25 23 • 21 22 22 21 .21 ;• ; ; y • 1 • :ruarv ; ! ' 10k' 103 10I4. 103 112 . 116 90 90 9u 122 • 128' . 123 130 IW 11^ 118 12k 131 .138 . 159 138 1U2 1^3 137 13U .130 131 131 129 127 129 127 157 161: 13U 129 129 130 1.52 140 133 131 lh lk 15 . 15 . 15 16 . lU . 14 lk ' Hi • iU 1U ' 5 U M 1' /--=sr;-. j- arcn iprii p ! j / 131 .128 .126 126 - rrelininary •Instalment collections b e g i n n i n g -of m o n t h . : 12 12. Ik 13 . 19 17. 18 • 17 ' 18 17 17 17 •16 16 . 15 15 15 1U 15 lk 15 lk 15 15 15 16 16 16 16 lo 17 20 . i 1 iu 13 1U ih c - Corrected c u r i n g m o n t h a s p e r c e n t a g e of a c c o u n t s o u t s t a n d i n g a t
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