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g172_19430414

g172_19430414

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Published by: fedfraser on Apr 23, 2014
Copyright:Traditional Copyright: All rights reserved

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04/23/2014

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BOARD
 OF
 'GOVERNORS
 OF THE
 FEpERAL RESERVE SYSTEM
,
 ^April
 14, 1943 R S rio - 7
detail Instalment Credit
 -
 x
February
 1943; -
•instalment accounts receivable.
 at'
 household appliance stores declined
 in
 February
 at a
 somewhat more rapid rate than
 ' in
 recent months, and'by
 the. end of the
 month were
 64 per
 cent below
 the
 corresponding date
 of
 last year. Jewelry store ac'cpxin outstanding were reduced
 by
 about
 the
 usual seasonal amount, while those
 at
 furniture stores continued
 to
 decrease
 at the.. ,
January rate.
 At
 both jewelry
 and
 furniture stores accounts'; receivable- were
 41. per
 cent below those
 on
 February.
 28, 1942. ' The
 February collection ratio.on instalment accounts
at
 furniture
 and
 .household appliance stores'remained at
 the
January levels
 of 17 and 15,
 respectively';
 At
 jewelry stores, collections during February were
 29 per
 cent.of instalment.accounts outstanding
 at the
 %e
5
innin
5
 of the
 month. These ratios contimed
substantially above
 the
 year
 ago.
 levels.
 . ' j _

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