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m m OFW FEDERAL %8BRVE BANK OF ClB/ELANFl v . l^fjp BOixRB OF GOVERNORS OF THE/FEDERAL RESERVE . SYSTEM . ' .. p. - May 2, 1946 Retail Instalment Credit. at Furniture, Household Appliance, and Jewelry Stores •. 'March/1S46 —- Instalment accounts outstanding at furniture stores increased further in March, and st the. end of the. month were 1.9 per cent -above the year-ago level. ; - Jewelry, store accounts receivable showed about the'usual seasonal debline, and were nearly one-fifth higher than a.year earlier. At household appliance .stores, .accounts outstanding were, in about the .same'-volume as in other 'recent motfths. ' Collections on instalment accounts during March increased at-furniturT, household appliance, and jewelry stores. At furniture stores the collection ratio increased' four points to reach a new. high of 28 per cent. Maroh collections were 53 per cent of instalment accounts outstanding on.the first of the month, at household appliance stores, and 33 per cent at jewelry stores.-' ' ,, Instalment Accounts Outstanding and Collection Ratios ouxrjts outstanding at end of -month • : December 51,. 195S = 100 . ' Eoi ehold Jewelry' Furniture appliance stores stores 42. 4V 41 42 42 42 4142 '43 " 45 48-' 1/ 7 7 6 . 6 5. 5 5 5 5 5 5 5 :48 .49. 50 5 • 5 5 . - _ 7 Furniture stores Household appliance stores' Jewelry stores. -22 26 26 - 26 28 29 52 ' 33 ^ ' ... 3 6 / .37 ' .. • : 39 ..; 31 ' 34 28 30 30/ • 31 31 32 34 • 34._ 49 35 32 i ' 36 36 = 40 . • , , ' • 43.. . 42 .48 49 " '52 . 51 . 48 29 • 28 " 32 30 33 33 ' 31 31 - 30 31 - 35 . 46 20 • 23 • . 23 . 25 " • . .24 . 23 'A: " '24 % • 52 53 " 4S ^47 • 4544 43. 44 ; -45": -49 71 # . 26 24 21 21/ 24 -22 ; 23 . . 23 . - 24 . 23 ' 23 .27 27 - - 24 62 . 55 -' 51 49 ' 50. . 50 48 . ' 46 45; 45 , 48. . 43 42 . . 42 . 42 42 42 " '41'. , 42 44 ; 46; 50 " Collection ratios 'l/ ". 6 • . - 25 -- - 24 28 r68 65 61 v " 52 .. 51 . - ' 53 . 32 30 ' - ' 33 Inst&lncnt'collections during month as per cent of accounts outstanding at• 'beginning of month. • • . '' .' • 9h« WW 5% 6 9 # Aiiraen ;