Full text of G.17 Department Store Credit : June 2, 1945
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| BOARD OF GOVERNORS OF THE FEDERAL' RESERVE SYSTEM' June 2 , 1945 R&Sdsc - 3 1 / ' ^ DEEARHIMT;STORE CREDIT'''' ' ' vy--- - . -- AfRlL 1945 I n s t a l m e n t a c c o u n t s r e c e i v a b l e a t d e p a r t m e n t s t o r e s -showed a b o u t t h e u s u a l s e a s o n a l d e c l i n e i n - A p r i l , and c o n t i n u e d s l i g h t l y b e l o w t h e y e a r - a g o l e v e l , . C o l l e c t i o n s . cm i n s t a l m e n t a c c o u n t s d e c r e a s e d 16 p e r c e n t , r e s u l t i n g i n a c o l l e c t i o n r a t i o of 30 p e r c e n t , two 0 . 0 i n t s b e l o w t h a t of. A p r i l 1944^ Instalment a c c o u n t s w e r e c o l l e c t e d , on t h e a v e r a g e , , i n a p p r o x i m a t e l y f i v e and o n e - h a l f m o n t h s , a somewhat l o n g e r , p e r i o d t h a n i n A p r i l of t h e -preceding' y e a r * C h n r s e a c c o u n t s o u t s t a n d i n g , d e c l i n e d 8 p e r ' c e n t " i n A p r i l when c u s t o m a r i l y t h e y ' remain:' n e a r t h e Ivlaroh l e v e l . - ' At t h e end of the month ttjey/were' 12 p e r c e n t h i g h e r than u. y e a r e a r l i e r , C o l l e c t i o n s on charge a c c o u n t s i n c r e a s e d - 7 per c e n t , and word' n e a r l y o n e r f i f t h l a r g e r • t h an i n t h e c o r r e s p o n d i n g .month l a s t y e a r . ' The a v e r a g e period: charge a o o c u n t s w e r e - o u t s t a n d i n g was .around 49 v *days^ as compared w i t h about 4 8 . days i n A p r i l 1944* ... The volume -of -cash and! c h a r g e - a c c o u n t s a l e s , d e c l i n e d s h a r p l y . , in. A p r i l - , . when l i t t l e c h a n g e i s u s u a l . Cash s a l e s , w h i c h a c c o u n t e d f o r more t h a n t h r e e - • f i f t h s of t h e t o t a l , - r e m a i n e d a t t h e y e a r - a g o l e v e l , w h i l e c h a r g e - a c c o u n t . s a l e s i n c r e a s e d s l i g h t l y over t h e y e a r - p e r i o d * I n s t a l m e n t s a l e s w e r e .apor.oxima.te.ly .. o n e - t h i r d s m a l l e r t h a n i n M a r c h , and amounted t-o a b o u t n i n e - t e n t h s of the- A p j u l . 1944 v o l u m e . - . . . . . . . . .. . ...... . DepaYtp.ent' S t o r e - S a l e ? , * A c c r o a h t s P.oc'eiva'ble and C o l l e c t i o n s I 1 1 . S a l e s d u r i n g month , Cash Instalment .-Charge a c c cunt A c c o u n t s - r e c e i v a b l e , end of month Instalment accounts Charge a c c o u n t s . Collections during.month . I n s t a l m e n t accounts C h a r g e acc o u n t s . P e r c e n t a g e change from:. ; March 1945 ,- A p r i l 1944. to to A p r i l 1945 A p r i l 1945 -25 -33 -24 • . .' . . ' - . - 6 - 8 • . • ; -16 + 7. 0 -10 > 3 ^ - 3 +12 - 1! •' - . - 6 • ; |1 +19 ' - R a t i o of c o l l e c t i o n s d u r i n g month t o a c c o u n t s r e c e i v a b l e a t b e g i n n i n g of month ; April March April / - . 1945 1945 ' 1944 I n s t a l m e n t 00 c o u n t s Charge a c c o u n t s .30 62 36 66 32 63 DEPART 3TI: STORES - APRIL 1945 O-sh and C r e d i t S p i e s , by F e d e r a l Reserve D i s t r i c t s April ! 1945 Dlo- Boston 155 ' Ypr'k ' - , . 142 Ph-i'l- d e I p h i a 159 C lv v; l.i n ^ ^ _| 167 Rich-:r! 160 . Atlanta , " i "285 Chifner . i"' 1SS Sj;,.:\-ir. , 177^ X i n n d a o o l i s . , 191' Ronsas C i t y ; 233 : rc ' | 2P0 """oisco21? ?:tal' 172 C 9 sh s" Ie s •'arch A p r i l 1^5 1944 | 166 I 134 i 166 , 168 I 169 [284 I 170 ..172 i 193 304 I 21? 355. 290 271. . 207. 2 3 0 . - ^ 171 ! Accounts 3c cc-ivnl>l_e r I n d e x e s ; 1941 a v e r a g e = 100 Instalment' sales I C h a r ^ e - a c c ount A p r i l T~Maroh A p r i l A p r i l | : larch I A p r i l 1945 ! 1945 1944 1345 1945 1944 r j. 55 '73 54 1.07 j ' r l 3 6 103 . 81 . 42 99 I 122 I 4b 95 r87 57 102 rl44 : .105 : 1?. 64 " 56107 I 145 104 45 . • 77 55 106 104 I 149 • ' ?! 85 85 139 137 I 192 I 47 63 53 101 I 133 100 I. 55,. 62. 63 107 ! 142 101 ' 0 7- ' I 65 70 ' 105 .1 14.2 109 I- 60 -r< . 73 62 109 I 144 109 l ' 65 -( . 79 - "69. 137 • 1?4 . 1 45 ( •\ r 5 3 48 • 112 ' 106 ! • ) | ! 49-! I 107 I 141 104 n'd^ C.-1 ie c t i oros , by F e d e r a l R e s e r v e D i s t r i c t s Accounts . - u t s t r n d i n g f end -if -month ' Federal C lection ratios* Indexes; 1941 a v e n g e = 100 •! Reserve. Instalment • Charge acc o; n t s • Instilment I Charco r e c o u n t s D i s t'r i c t - T ,1TtT • — r•~Ar -p~r ,T !- n"r.r, A p r . ' I Apr. •• • A p r . ! Mar.I A p r ; T Apr Mar. " a r » lApr, 1945! 1945 1 1944 1945 1 1945 1944' 1945 1 1 9 4 5 - 1 9 4 4 1 1945 1945'1944 T I . 5 7 ! 39 I 38 j 95 87 25 29 29 f 54 61 55 ; : 46 f 48 I 84 , I ' 44 77 89 26 29 24 1 52 56 52 P.ii l i d~_lphia. ! ' 55 42 1 38 | 91 -104 86 30 .3.7 3.0 J - 6 1 64 1.61 Cleveland 1. 3 5 ; 37- i 37 1 90 •• 03 78 '33 37 35 61 65 l 64 Richmond > 44 47 1 45 ! 87 77 25 94 31 ; 26 53 58 I 55 •tl-no! 44 ' 47 ' 41 j 92 82 27 I. 33 I 27 100 50 56 | 5 2 . C .a i t ' 31 ' 32 ! 31 1 89 98 80 I 35 41 69 44 74 | 72 So. ! eu j s : ! 34 !' 37 ! 35 ' 89 79 36 100 43 ' 39 68 70 68 Minneapolis ! 41 1' i"45 1 40 75 82 37 r94 r42 73 40 ' 77 r81 Kensas C i t y ! . 3 5 i 41 ! 40 7G 37 84 92 4638 74 76 71 f Dr. U s $ 36 | 37 |1 32 91 95 82 29 34 - 65 35 68 65 Sar: F r a n c i s c o ! "30 1 r 3 3 ! 35 91 ! 73 84 36 1 41 1 35 69 74 72 . • f | I ! S . T o t a l ' 37 I 39 I 35 79 8C 96 36 32 62 66 63 I ' I r - r.eTised . * - C ::11 r c t i s c u r i n r n ^ n t h . p.s pr-r ' c e n t ;f « c c a u n t s r e c e i v a b l e a t b e g i n n i n g of 30 J v- e "«vti. r.?c b i s e d on r e p o r t s i f a b o u t 475 lar,~e d e p a r t m e n t r e p o r t ing s i I t s oy typo of t r a n s e c t i o n , m -r e t h r n 400 h i v i n g c h a r g e a c c o u n t s and a b r u t vOO h a v i n g i n s t a l m e n t «acc • v n t s . Bnck f i b r e s ::ay be o b t a i n e d on r e q u e s t from t h e D i v i s i o n of R e s e a r c h 'and S t a t i s t i c s ,