Full text of G.17 Department Store Credit : May 2, 1947
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M BOARD OF GOVERNORS OF. THE FEDERAL RESERVE SYSTEM May 2, 19hl. G.17,3 DEPARTMENT STORE. CREDIT JcARCH 1917 • t Instalment accounts outstanding at department stores, at,the 6nd of March increased slightly, and were .more than three-fourths larger than a year ago; Collections on instalment accounts showed the customary substantial rise, and the ratio of collections to instalment accounts outstanding on the- first of the month was 32 per cunt;.a month earlier it was 28 per cent. The average repayment period for instalment accounts outstanding in.March was about five months. Charge, accounts receivable showed less than the usual rise in March> but continued sob:.-; iy above the year-ago level. Collections declined 5 per cent but the ratio' collections in March.to accounts receivable on the first of the month was 56. pu; C/. rt a;: co;.;r,ared witA 5l per cent in February. At the prevailing rate of repayment., chaise accounts, would be outstanding, on the .average, days. . Subs4-> t V I J ncreases in bsth cash and credit sales reflect the effect • of - pro-Easter - - i t , Ca^h sales, accounting fur 56 per. cent: of the total for the second s'C. ^ ^ -onvn- were 2 per cent, larger -than a year ago. Charge- • account sale;-; vrers .vJ per cent higher than last year's volume, while the year-toyear increase in instalment sales was 82 per cent. Department Store Sales, Accounts Receivable and Collections Percentage change from: March 19U6 February 19U7 to to March 191+7March 19U7 Sales during month CashInstalment Charge account +31 +39. +32 + 2 +82 +18 Accounts receivable, end of month Instalment accounts Charge accounts + 3 + h +77 +12 Collections during month Instalment.accounts Charge accounts +11 - 5 +50 +31 Ratio of collections during month to accounts receivable at beginning of month Mar. 1917 Instalment accounts Charge accounts Digitized Note.—Figures for FRASER for March 19U7 32 56 Feb. 1917 . .28 .. 51 are preliminary and subject to revision. Mar. 19U6 37 61t p :-ErAE:T s : : , j-:c; M 9 L 7 Cssh nnd Credit Siles, by Rederal reserve Districts Indexes; 1>'L 1 avenare = IPC -account . ins j :-eb. 19L6 i:^7o 19L7 1 1>L7 1 "... ' j 20? 1 222 P: bin ( 2LL i 213 : . 1 219 :a ' i 310 . 1 233 r;. ::eis | 229 -.-lis 292 City. 1 297 i h..lhas "323 S-.a : rancisccj 255 S. \:aai; 111 i6h: 165 163 156 253 186 137 213 211 26L 212 236 179 131 1 120 . 31 : 178 197 210 11:2 1 102 •. 9h i 166 IhQ 76 : 199 : 233 1 95 1 210 191 1^3 , : 130 79 200 165 78 1- 217 99 211 • 327 326 i 167 93 181 131 233" 99 73 163 "2L3 123 91 198 112 235 136 132 197 163 309 92 139 193 360 ' 163 161 107 213 260 115 | 20L 98 67 233. 152 j 109 814 ar. 120 150 113 Ihh 136 153 1L2 ! 166 166 151 206 162 Ihk 158 170 15L 168 1L6 162 157 210' 213 161 l6h Ihh 191 162 L— : Account^ Receivable and 'Collections, by f ederalTeserve Districts h -deral Fzserve - lis urict jAJCOums cu :sta..am -y ;:e = ja-O l-i,l 1 - . 1 tfl ! 75 1 71 61; 71 69 69 ' " 87 61 62 72 | 73 39 90 82 81 36 "7 S 63 50 179 150 19 ho 16 h k3 j 165 16 0 kS k7 152 153 3h UC. 16& 160 : 51 11:6 | h9 h9 160-1 167 | 3k 167 116 21 13 2h 109 " 23 110 . 3h | 27 117 . 29 ! 27 no 28. 25 26 117 29 118 ho 32 119 33 39 110 32 35 105 • 39 3k 121 . 32 -27 108 36 1;3 76 7k U 151; 32 76 ' 76 Philadelphia Tlev.ara.a ic: : .:n/ Allan:a : SL. : :is .i^s i/. a a: :iay aali-; Sar 3. :0,blj t ! 161 ! 167 1L6 1L3 159 151 ; 117 150 155 1L6 111 . 156 zrir.f :.:n%h as z-ercer ^ "obe; Collection r a i.ios Instalment Char.:'v acccunis ii-vb. ar. 3 eb. :.r-r. |Feh. I har. 1:17a - U'hi !i;: • 17:-7p 1 .a 7 1^L6 1 19L7 ! 19^6 i i 28 26 32 35 37 31 3k 51, 1:0 Ji5 1|2 . k7 kd ' 59 56 . 13 kh 63 61 ul 63 62 62 59 37. 56 31 ' U2 i ^ hh .57 65 51 51 ,6U ' 1;6 57. h2 51; 73 59 56 70 59 79 • 60 55 75 67 6k 51 6k 59 113 1 ^ ccounts r.ceivahle at beginning cf These aata ^ra based en reports ^ " 175 large der-art^ent stores reporting sales by type of aransacti % ,h'%n LCC leaving charge accounts a.; out, 300 having instalment acceunas. tack figures K.ay be obtained on re' ou^sc iron Lhe Diviioion of Research and Statistics.