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r e s e a r c h Dcpa j :tment j Of" RlLH^OND SEP 31348 flSDBRAL RESERVE BANK OF BtCHt^QND BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ' G'.l7'.2\ " : September .2, 19^8 " . ^ R e t a i l Instalment Credit a t ' " F u r n i t u r e , - Household A p p l i a n c e , and J e w e l r y S t o r e s - - JULY 191*8 . Instalment accounts receivable a t jewelry s t o r e s ! , - .. d e c l i n e d s l i g h t l y i n J u l y when some d e c r e a s e i s g e n e r a l l y i n d i c a t e d , b u t t h o s e a t f u r n i t u r e s t o r e s c o n t i n u e d t o r i s e . .... . H o u s e h o l d - a p p l i a n c e s t o r e o u t s t a n d i n g b a l a n c e s , which have i n - .. c r e a s e d s t e a d i l y i n r e c e n t months, showed a f u r t h e r g a i n and were a b o u t f o u r - f i f t h s above t h e y e a r - a g o l e v e l . At b o t h j e w e l r y and f u r n i t u r e s t o r e s i n s t a l m e n t a c c o u n t s were w e l l above t h e amount o u t s t a n d i n g on J u l y 31 l a s t y e a r . • •. The J u l y c o l l e c t i o n r a t i o on i n s t a l m e n t a c c o u n t s -de- dLined one p o i n t a t j ewelry s t o r e s t o 19 p e r c e n t , and two p o i n t s a t f u r n i t u r e s t o r e s t o 18 p e r c e n t . C o l l e c t i o n s of h o u s e h o l d a p p l i a n c e s t o r e s were 3U p e r c e n t of i n s t a l m e n t a c c o u n t s o u t s t a n d i n g on t h e f i r s t of t h e month a s compared w i t h 33 p e r cent: i n , . June. ' : - " - . ' ; -2- G.17.2 • I n s t a l m e n t : Accounts Outstanding and C o l l e c t i o n R a t i o s Month m . Accounts o u t s t a n d i n g a t end of month December 31, 1939 = 100 Household Furniture Jewelry appliance stores stores stores. Collection r a t i o s ] / Furniture stores Household appliance stores Jewelry stores 56 57 5L. 51 52 k7 kl 33 32 33 30 32 3k hU • June' Jip.y August . September October . November December 53 53 .. 55 55 . 57 - . 6o . 65 6 7 8 8 9 9 10 65 . 65 66 -66 68 73 126 . 26 26 26 25 27 27 26 ' 191*7 , January February March April ray . June July •: AUgUSt SeptemberOctober November. December 63 62 63 " 65 68 70 71, 73 75 , . 79. 8k9k 10 10 10 11 11 13 Ik : 15 15 16 17 19 • 116 110 108 ill 116 122 123 127 132 135 149 197 18. 18 19 21 23 2k 25 180 168 161. 159 159161 160 23 21 25 23 • 2k .23 22 22 . 2k 23 ' 23 . 20 ' k7 kl kk kk kk_ kS kl 39 39 ko •39. 39 26 25 27 25 26 2k 23 23 25 23 2k 31 . 1918 January February March April 2'ay June . July p 89 37 • • .88 91 9k 96 97 . - 18 17 19 19 19 20 18 36 32 '35 33 •3k 33 3k • 19 18 20 20 20 20 19 p - Preliminary. 1 / I n s t a l m e n t c o l l e c t i o n s during month as percentage of accounts o u t s t a n d i n g a t b e g i n n r fc, month. .
@FedFRASER