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BOARD OF GOVERNORS OP TEE FEDERAL RESERVE1 SYSTEM '

,
.

' :
•

March 3, 1-943
R&S ric - 6

RETAIL INSTALMENT CREDIT
January 1943

Instalment accounts receivable at furniture and;

t

household appliance stores continued to decline in January,
at about the same rate as in recent months.

Jewelry store

accounts outstanding decreased by somewhat more than the
usual seasonal amount and by the end of January

were 40

.per cent below the corresponding month of 1942, ' This compares
with declines from a year ago of ;39 -per,cent for furniture
stores and

60 per cent at household appliance stores•
The collection ratio on -instalment accounts at

jewelry stores declined considerably-in January from the high
December level to 29 per cent as compared with.19 per cent
for January 1942,

Collections during January 1943 on accounts

outstanding at the beginning of the month were 16 per cent at
"household appliance stores and 17 per cent at furniture stores




Instalment Accounts Outstanding and Collection Ratios
Accounts outstanding at end of month
December 51, 1939 = 100
Month

-Furniture
stores

Household
appliance
stores

Jewelry
stores

103
102
101
104
107
109
109
" 113
111
110
109

102
101
101
107
112
116
118
122

103
. 96
"
93
92
- 93
-.94.
93
94
„ 98
' 96
, 98
123

Collection ratios

V

Furniture Household Jewelry
stores • appliance stores
stores .

• 1041/
January
February' '
:.:afch .
April
i^y
June .
.
July
August " . •September
October .
November-- . December
1942

\

110

120
117
113
110

" 10

-10

.10

9
10

11
-11

10

'

12

11
10

10

%

10
.11
11
11
12.

12
11;
12
12.
11

15
15
" 16

16
17
17.
16
17;
18
18
18
23

-

January February,
March
'Asril
'
K&yJune
- July
. August
.
.
September
"October '
November
December

76
-73
/ 70
' 69
.

103
100
96
91
. 35
77 71
64
59
54
50
r 46

p 64

41

105

102
-101
• 100

97
91
85

80

'

111
.102
98
93
• 87
/.
81
r 73
69
6.5 .
63 .
r 63
r 80

12
11
13
13
' 13

14.

"

-

-

14
:
.16 .
16
. 18 '
17
.18

'

19
rl2 18
rl2
• ' 19
• 13
19
13
20
13
. 22
13
22
' 13
25
13 •
,
26.
. 1 4
30
15 .
" 31
15
r44
rl5"

- '1943 ~ ^
x January

Preliminary
'l/
""

.- 67

P17

16

= "Revised

Instalment collections as per cent of accounts outstanding at beginning
of month.V




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