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"

I ^mABGH DEPARTMENT

I

i ....

MAY

*. i: ' h " \ . .BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM | " ^ ^ ^
G.17.2

:

7 )348.
0

May 5^ M 8

Retail Instalment Credit
at Furniture, Household Appliance, and Jewelry Stores
March 191*8

Instalment accounts outstanding- at jewelry stores declined
seasonally in March, but- continued-about t h r e e - f i f t h s larger than on
the corresponding date l a s t year.

Furniture and household appliance

store accounts receivable r o s e - s l i g h t l y during the month, and on
March 31 remained considerably above the l e v e l of the preceding year.
The March c o l l e c t i o n r a t i o for jewelry stores was unchanged
at 17 per cent.

At furniture and household appliance stores the

r a t i o s of c o l l e c t i o n s to instalment accounts outstanding on ,March*1
were 19 per cent and 3U per cent, respectively.

The c o l l e c t i o n per-

centages of both, kinds of outlet rose twcr. points from the seasonal
low reached in February,




-

B , r < K

C-.17.2

- 2 Instalment-Accounts Outstanding-and C o l l e c t i o n R a t i o s
Accounts outstanding a t end of month
December 31j 1939 = 100
Household
Jewelry
Furniture
appliance
stores
stores
stores:

' ; Month.

Collection- r a t i o s ^

V

19U6

February
March
April :
l:ay
July
August ;
September
. October '
November
December

h9
50
51

52

T

53

•

=53 '

.

<

55
55
57

.

5
• 5
5
6
6
7
8
8

'

9
9
10

60

65

"

•

.....
.

68
73

•

52
5Lt
. 56
55

..

26 '
26
26

'

126.

27
28
27

Jevfelry
stores

"

' 2h

. 63
.61
62
63
65
65
66
66

i

Household
appliance
stores

Furniture
stores

25
27
27
26

56

57
51
.51
52
17
U7

-

.

•

'
.

29
32
32
3U
33
32
33
30
32

3h
hh

1917

January
February"
March
April .
x&y
June
; July
.August
September
October
'November
December

.

'63

62
•63
65

6.8
.
•
•

..

'

70
71
73
75
79
8U

.
'

:

9L

10
10
10
11
11
13
ia
15
15
< 1 6
17
19

116 .

- 23
21

no
108

25'

111
116
.

.

23
2U
23

122
123

22

12:7.

.

22

.

135
1U9

.

197

'

•

.

26
2h
23

h0

23
23

•

. 26
25
27
25

23
25
23

39
39

31

. - • 39
" - 39

2h

132

hi
hi
• hh
. M
• . hh
.
•: h5
"
hi

•

2 0

2h

MM - : •
January
February
March' p :

-89
87

-80

18

180

18
19

176
170

18
17
19

' 36
• 32
.

3h

19
17
17

.p - 'preliminary
.
1 / Instalment c o l l e c t i o n s during month as percentage' of accounts outstanding at
• beginning of month.




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