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g172_19430901

g172_19430901

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

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BOARD
 OF
 GOVERNORS
 07
 THE,FEDERAL RESERVE SYSTEM Seotember
 1, 19451 R&8 ric -12
 1
Retail Instalment Credit
 -at
 Furniture, Household Appliance,
 and
 Jewelry Stores
 -
July.1945
 , I - .
Instalment accounts receivable'at furniture
 and
 household appliance •stores continued
 to
 decline
 in
 July
 at
 about
 the
 same rate
 as in
 June. Jewelry •store accounts outstanding.decreased
 at a
 more rapid rate than
 in
 June
 and at the end of the
 month were
 57 r-er
 cent below-those
 of the
 corresponding month'
a
 year
 ago. At
 furniture
 and
 household appliance stores instalment accounts.
 -
outstanding showed
 i.
 decline
 of 40 and 72 per
 cent, respectively, from
 a
 year •ago.
 - ' - \ 'f - -The
 July collection ratios
 on
 instalment accounts
 at
 furniture
 and
jewelry stores increased
 by
 ono.point- from the'high June levels
 to 22
 and,54 Jpor cent, respectively.
 At
 huts-ehuL: appliance stores collections regained uncha-iged
 at the
 June figure'
 of 21 per .
 cent
 of'
 acccWitS outstanding
 at the .
beginning
 of the
 month. Collection ratios
 for
 these stores continued
 sub-
stantially above
 the
 year-ago levels.
 .• - : ^

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