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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
11^
118
12k
131
.138
. 159
138
1U2

13U
129
129
130

122
• 128'
. 123
130
IW

1^3
137
13U
.130
131
131
129
127
129
127
157
161:

1.52
140
133
131

lh
lk
15
. 15
. 15
16
.
lU
.
14
lk
' Hi
• iU
1U
'

5
U M

j-

arcn
iprii p

!
j

15
lk
15
15
15
16
16
16
16
lo
17
20 .

1'

/--=sr;-.

.

19
17.
18
• 17
' 18
17
17
17
•16
16
.
15
15

/

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

15
1U
15
lk

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