Full text of G.17 Department Store Credit : June 5, 1946
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.17.3
'
•
June 5 , ' 191-6
DEPARTMENT-STORE CREDIT
.... "J APRIL 1946
'
,
.
Instalment accounts outstanding a t department s t o r e s increased s l i g h t l y
i n A p r i l , whsn a d e c l i n e i s u v u a l , and were more t h a n o n e - f i f t h above t h e y e a r ago ltive 1. C o l l e c t i o n s on i n s t a l m e n t a c c o u n t s were i n a b o u t the. same volume as
i n L a r c h , and t h e c o l l e c t i o n - i a t i d was unchanged - cvt 35 p e r c e n t * I n s t a l m e n t
a,ccounts c o n t i n u e d t o be o u t s t a n d i n g ' ^ p r o x i m a t e l y f o u r a n d o n u - h a l f months,- a
s l i g h t l y s h o r t e r p e r i o d t h a n f o r TCpril l a s t y e a r . Charge a c c o u n t s r e c e i vable showed somewhat" more t-han t h e customary
Collections
s e a s o n a l e x p a n s i o n , and e x c e e d e d t h e y e a r - a g e l o y e l b y 45 p e r c e n t .
on c h a r g e a c c o u n t s r o s e 11 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 63 p e r
c e n t as compared w i t h 62 p e r c e r t i n t h e c o r r e s p o n d i n g . m o n t h of 1945. Charge
a c c o u n t s were c o l l e c t e d i n a b o u t 48 d a y s , a b o u t one- day l e s s t h a n t h e a v e r a g e
f o r April a year e a r l i e r .
The volume of c a s h and c h a r g e - a c c o u n t s a l e s r o s e m o d e r a t e l y i n A p r i l , b u t showed c o n s i d e r a b l e g a i n s o v e r t h e y e a r - p e r i o d . The r a t i o of cash s a l e s t o
t h e t o t a l a g a i n amounted t o a b o u t . 5 S p e r c e n t .
Instalment s a l e s increased subs t a n t i a l l y d u r i n g t h e month, and were n e a r l y n i n e - t e n t h s above l a s t y e a r ' s l e v e l .
Department S t o r e S a l e s , A c c o u n t s R e c e i v a b l e and C o l l e c t i o n s
. P e r c e n t a g e -charge from'; :
A p r i l 1949
k a r c h 1946
to
to
. •
. A p r i l 1S4<6
• A p r i l 1946
S a l e s d u r i n g month
Cash
Instalment
Charge a c c o u n t
+ 7
__+15 .• "
+ 8
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
-
C o l l e c t i o n s d u r i n g month
Instalment accounts
Charge a c c o u n t s
; -.
;
.
..
+45
+87
+65
+ 4.
+11
+22
+43
- 1.
+11 -
+23
+21
1
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 c i v a b l e a t b e g i n n i n g of month
April
1946 Instalment accounts
Charge a c c o u n t s
1
-
35
63'
March
, 1946
35
64
Note . — F i g u r e s f o r A p r i l ' 1946 a r e p r e l i m i n a r y and s u b j e c t to r e v i s i o n .
' A.pril
1945
31 •
62
DEPART:.:?:!. STORES - APRIL 1946
Cash
f.r.d
Credit
S a l e s ,
by
F e d e r a l
indexes j
:
-
Cash
s a l e s
1946p
Ec 51on
-iiv;
Ycr>_
3ley/; land
. 234
.
j
" i rhr.cnd
L^er.go
235
'
Louis
]
_.'. i n r . , . ' , p c l i s
:
r r a n c i s c c i
V.
£ .
T o t a l :
Apr.
194 6p
1946
1945
155
. 84
210
14 2
320
-238
160
105.
211
167
.
81
,
ICO
Cha r
..ar,
.
- a0 00 un t
Apr.
L a r .
1946p'
194 6
' 51
164
s a l : s
.
194.5
107
' 130
94
57
155
144
93
76
50
167
" 153
102
87
• 79
233
217
160
65
.99
45
172
166
327
26c
117
93
71
228
206
139
2 =2
231
166
90
76
47
159
101
251
-
City
'
=
s a l e s
-~.pr,
407
.
L ' l . n t a
194 5
197
221
- ?h-i l a d e 1 p h i a
,6t i
1946
223
average
I n s t a l m e n t
L a r .
strict".
1541
R o s o r v e -D i s t r i c t s
-
24 2
110
5C1
|
266
.190.
331
j
309
232
355
|
357
2 76
2-1
251
j
212
24 5
232
j
171
i
i
.
•
90
129
j
1:5
95
|
92
118
|
-107
•
51
'
71
t;C
97
85
,
•
'
180
j
166
.
168
107
.
55
{
176
67
|
184.
169
61
| ..
172
162
109
65
|
230
213
137
44
163
52
175
I
170
106
I
;
'
107
105
161
112
162
107
1
A c c o u n t s Rectiw..:lc: and C c l l . . c t I n r . f , by j-r.t3cr^l R e e e r r . X i r z r L c t c
C o l l e c t i o n
,
L , ,t.
i - pr.
D i s t r i c t -.
J/,-: r i
I
- ^
V
•
,
! 10r6p
..
on
L:
!
York
\ r h i l '
Ichia
'
: l v . _i:.nd
. i ' t . ' L e v i s.
:1a: t.upolis
iLnraz
.
50
49
[
45
46
1
CI
. 55
i
45
I'
-
Total
!
41
,
|
oc
i
1"
3 -.'
1
46
si
j
49
I
34
45
j
; c l : A c t i c n 3 - durir.r
-
lr>
56
55
;
110
.91
. ar .
1.-6
2 *-
I'Lti.OK*
Chc.r.-e
a c c o u n t s
j.pr,
1946
25
r .
16'a6p
55
.
'-Pr.
194 6
1945
6.1
53
29
32
26
53
57
53
37
55
3.J
65
65
51
.61
17
90
62
64
1:.'
68
30
31
2:5
55
57
117
92:
35
34
27
52
5-:
50
85
4 5
43
41
69
72
71
36
69
1 • 120
119
'
|
99
122
110
52
115
.105
ft-:
3 7
37
33
45
40
C
46
37
77
39
. 36
74
38
70
-'
52
1
66
60
' 73
75
72
36
135
124
91
30
31
29
65
67
65
JG
123
105'
63
42
41
36
69
64
66.
3 7
•126
114
56
35
35
31
63
6 a- "
62
r.onth
.
L:^,:
^
|
1
4 7
55
; ;>-
1:
j
i
k j C :
116
4s
City
.
*
43
i
rrar.ciscc i
.
52
|
j.'
i a n
54
i n ; :~ x —
c u
p^rc-.-rtc-e
o f
h c c c u n t r
r :cciv^blc
at
b j y i ,%r.inp
of
^
Th-.s: d-.fa a r - b a s e d on
p c r t c ci (.bout ATS l;rp:-" % i ^ r t z e n t s t o r . s ' r a c o r t - i n g 5-.1-s by t y p o cf t r w - r u o t i o n , mere t h : r. 4 0 0 h a v i n g c h a r r - a c c o u n t s and
a b o ^ t 300 h a v i n g i s a r , lr.cnt c . c c o u n t : . Eaok i i r u r o s -Cy b : o b t ' . i n o d on r-:i\;:;:t from t h . 31vl2 i on _ of __R3ryL?oh
g t i c s y . - .
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