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• . BOARD. .OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.1TJ2"

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March

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1918

; :;f: .
Retail Instalment Credit
"j
at Furniture, Household Appliance, and.Jewelry Stores
January 19h8

Instalment accounts outstanding of furniture stores
showed about the -customary .small decrease in January, but at the end
of the month were substantially larger than a year earlier,' Jewelry
store accounts receivable declined less than seasonally from the a •
December high, while those of household appliance stores remained at
the.level of the preceding month.' Compared with the corresponding ..
."
date of 19U7, instalment accounts on January 31 showed a gain of . 7
£.
per cent for jewelry stores and 80 per cent for household iappliancp...
stores.

I
v.;
Furniture and household appliance store collection ratios'""

were reduced two points in January to'18 per cent and 37 per cent,...
respectively.

The January;, collection 1 ratio for jewelry stores, 19.

per cent, was down considerably from a month earlier, as is usual
at this time of the year.'.'/: