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g172_19430208

g172_19430208

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Published by: fedfraser on Apr 23, 2014
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04/23/2014

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BOARD
 OF GO
 DEBITORS
 OF THE
 FEDERAL RESERVE SYSTEM February
 8,
 191*3
. . . , ' " H&S ric - 5";
J
 .
 RETAIL' INSTALMENT CREDIT December
 15&2 -.
 Instalment accounts outstanding
 at
 jewelry stores showed about
 ,the
 usual seasonal rise
 in
 December. Household
. . ,
 1
 ' K-:. .
appliance store accounts receivable continued
 to
 decline
 at
about
 the
 same rate
 as in
 recent months,
 -
 while those
 at
 furni-ture stores remained unchanged.
 'For -the
 year
 as a
 whole accounts receivable shojwed declines^cff
 3k
 percent
 for'
 jewelry- stores,
3o- oer
 cent
 for
 furniture stores, arid
 59 per
 cent'for household appliance stores.
 ' -
Collections
 on
 instalment accounts
 at
 jewelry spores rose sharply
 in
 December, resulting
 in a
 collection ratio
 of
compared with
 31 the
 previous month'. Collections during
the
 month were
 18 per
 cent
 of
 instalment accounts receivable
 . at the
 beginning
 of the
 month
 at
 furniture stores
 and 16 per
cent
 at
 household appliance store,s«,
 :

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