Full text of G.17 Department Store Credit : July 2, 1948
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13%_ BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G*17.3 - •':- L9li8 DEPARTMEBTcS®2& CREDIT \ . /"'Si'mi juL 71343 1 ' Instalment.; accounts outstanding at department stores showed, a further small rise in May, aiad continued '.around two-thirds larger than on the corresponding date last year. Collections on instalment, accounts were in about the same volume as a month earlier, but the ratio of collections to instalment accounts outstanding oh May 1 was 2L jper dent!, one point below the April ratio. At the current rate of collection, accounts would be repaid, on the average, ; in seven'-months. •>" Charge accounts receivable remained' ait tjie level of the preceding month, but were 1 5 per cent higher than on May 31 a year ago. Charge-account collections during the month showed a 2 per cent rise, and the collection ratio of 52 per' cent was one point higher than in April. { The average repayment period for accounts outstanding in May again amounted to approximately 58 days. The volume of sales, both for cash and on credit, shewed little change from April to May. Cash sales, which made up 52 per cent of total sales in May, were down 5 per cent from the year-ago level. Instalment sales continued to show a substantial rate of expansion over the year-period, but. charge-account sales were up .only 6 per cent from May 19i*7. Department Store Sales, Accounts Receivable and Collections Percentage change from: April-19^8 May 19k7 to to May 191*8 May 1918 Item Sales during month Cash .- Instalment Charge account . Accounts receivable, end of month Instalment accounts . . Charge accounts ••• • : Collections during month Instalment accounts : Charge accounts ; • ' ;• . ' ) ; - ; . , . i i ; f 3 . - 3 + 1 - 5 '. + 3 0 '' .11 • + 1 , + 2 +35 + ? Ratio of collections during month to accounts receivat'le at beginn: .ng of month May 19h8 2h Instalment accounts Charge accounts http://fraser.stlouisfed.org/ Note,—Figures for May 1 9 W Federal Reserve Bank of St. Louis ,• 52 Apr. . 22# 25 • 51 • are preliminary ancf subject to revision. May 19h7 , 30 .56 G.17.3 . -, ' ' - 2 * DEPART2^T STORES- MAY 19k8 Cash and Credit Sales, by Federal Reserve Districts • Federal Reserve District Boston ' Ne" York Philadelphia Cleveland Richmond AtlantaChicago : .St. 'Louis Minneapolis' Kansas .City Dallas . San Francisco U. S. Total Indexes; 1911 average == 100 Charge--account sale: instalment Cash sales .^y Apr. May ; Apr.-, May ' May _ Apr. • Mgy.j-; Hay l & W p . 1918 19L8 19L7 19k7 '19k8p 19ix7 - 19k8p 19k8 212 212 202 202 I 20k 328 .228' ' 219 259 292 303 218 219 21k 218 215 235 277 230 228 256 297 298 226 227 - 222 217" 223 230.: 226 250 300 2k7 2L3 265 310 310 . 218 159 178 181 211 l6k . 28a 172 220 182 239 259 166 2kl 187 , 183 J . 150 181V 131 176 , 126 153 21k 128 138 288 1824 18,0 . 13k .231 131 2k9 1^0 2ii9 183 307 127 171 192 202 188' . ^0. .. .^15 . "210" .220 . .212 211 "2kk 231 269 ^209 • 202 179 203 20k 201 278 21k 139/ ' 212 230 273 20k 187 178 2C6 207 211 211 198 207 210 203 255 197 209 201 Accounts Receivable and Collections, by Federal Reserve Districts Accounts outstanding,end of month Collection ratios'"" Indexes; . 19ki average = 100 Charge accounts Instalment Charge accounts'1 Instalment • May Apr,. May... . May Apr. May Hay May Apr. May- -May 19k8p I9k8 19k7 19k8p 19k7 19k8p 19k8 19k7 19k 3p 19k8 19k7 |f ' Federal Reserve District Boston 'New York Philadelphia Cleveland Richmond Atlanta r / Chicago : St. LouiS " Minneapolis ; Kansas City Dallas i ^ San Francisco U.- S. Total 111 115 .151 161 103 182 107 Ik5 152 183 227 130 113 113 lk9 lk8 101 173 10k lk2 151 179 21k 129 13j5 131 83 189 199 176 - 7 & —~3r7"it --172-~ -155 200 177 86 205 205 207 17k 99 171 167 172 73 91 193 l6l 19k 188 166 62 191 211 181 21k 78 211 205 172 90 80 18k 188 157 221 168 219 92 186. 161 76 187 81 193 192 167 21 19 2k kk kk . b8_ .1*9 -.2k .2k.. 21 28 21 52 53 50 k8 2k • '2k-' 27 22 22 2k- : ; 37 36 20" .'28^ " I k O 19 39 1 62 k7'- : 62 3k' --35 26 2k 36 53 53 56 : 25. 29 32 5k 56 56 25 23 37 56 53 19 . 19 30 60 61 28 29 33 k6 k7 57 56 k9 k5 65 59 61 61 63 6k 30 56 2k - 25 52 5i ' p. - Preliminary.;""' ' ' * - Collections during month as percentage of accounts receivable at beginning . of month. • ; Note.—These™datia are based on reports of about k75 large department stores -reporting sales by type of transaction, more than kOO having charge accounts and t cab out 3C0 having /instalment accounts. Back figures may be- obtainedrtin request from Digitized forDivision FRASERof xfe'search and Statistics. " •the '