Full text of G.17.2 Retail Instalment Credit at Furniture and Household Appliance Stores : October 2, 1944

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43s.

BOARD OF'• GOVERNORS, .OF• THE FEDERAL' RESERVE SYSTEM
October 2, 194?
mS ric - 25
Retail Insialmynt Credit
at FaA.itlire, Household Appliance* and Jewelry Stores'
. August' 1944

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;

• •f

' Instalnent accounts outstanding-at jewelry stores declined by about
the usuc.l seasonal amount in August, and continued'four per cent below, the.
volume of a year ago-. At furniture and household appliance stores accounts
receivable remained at the level of other, recent .months. Furniture store accounts receivable continued 18 per cent, below those on the corresponding date
Inst year, whereas the amount - out standi ng at household appliance stores, showed
a decrease of 71 per cent.

"

*

/,

At household appliance stores the August collection rat-i.o on instalmerit accounts reacted a" new high of 51 per* csnt,'while af furnityre s^pes theratio rose one point

to 24 per cent. Collections at jewelry .stores*curing

August were 30 per cent of instalment accounts outstanding at the beginning of
the month.

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•

.

~

' - .\j'/ijan

.nata.lr.oat A.-.counts Outstcndlne -ma Collection Ratios
Accounts out striding at ana of mcntr
. Collection ratios V
- , December 51, 1939 =^00"
Household
Jewelry,
Household
Furniture
appliance
Jewelry
Furniture
store's
appliance
•
stores
stores
stores..
storos
stores

8530 .
76
75
70
69:

.-•64 '
- 60.

57
" 57
55' "
5:3
-51
. 50
48
46
47
. 48

Jillctj
• j-jjy .
- August

44
42
41
41
413"
42
42
. 42




71
64
59
54
50
46

41
36"
52
29
26
25
30
17 •
15
15
11
10

75
.68

64
6%:
62-"

79 '

65
5.8
53
51
.4948
46
45
45
46
50
68-

50 "
52'"
-53
49 : 47
• 45
•:"i
43

1314 .
" 13'
16 "
...14
16
. 15
18 •
17 - - /- 15
,'15
18

'

16
17
. . ' 16".
• 17
18
19 •
.
18
"
20'
20
2'2~ .
1
21
21- • •.
'21 . . '
22- •
21
22
-" :
- 21
22
22 ,
E5
• 25-.
22
22

-20."20..
23
25. -

«

- 22
26'
26
. 26
- ?.,€
28
24
. . 29
'25
. 24 -- ' . '51

22
25
26
50
5.3
45

51
50
30 •
51
33
55
54
54
53
37.
39.
55 '

51
51
54
28'

50
30
" 31
50 •