Full text of G.17 Department Store Credit : October 3, 1946

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BOARD OF GOVERNORS OF TIE FEDERAL RESERVE SYSTEM
October 3 , 1946

G,17.3
DEPARTMENT ST 0R5' CREDIT.
,

... -AUGUST' 1946

—

Instalment accounts ' r e c e i v a b l e at' department, s t o r e s i n c r e a s e d 6'per'cS'nt
i n August-, when l i t t l e change i s u s u a l > and were a b o u t , o n e - h a l f l a r g e r t h a n on t h e
c c r r e s p e n d i n g d a t e l a s t y e a r , j C c l l e c t i c n s . c n i n s t a l m e n t a c c o u n t s r o s e 7 per ' 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 .35 per c e n t , a g a i n of t h r e e p o i n t s .over t h e •
p r e v i o u s m o n t h , The a v e r a g e c c l l o c t i o n p e r i o d was a b o u t f i v e m o n t h s , a p p r o x i m a t e l y
t h e same as f o r August 1545,
'
:
v
•
:
•Charge a c c o u n t s o u t s t a n d i n g shewed a • l a r g e r i n c r e a s e t h a n i s . c u s t o m a r y : .
i n A u g u s t , and a t t h e end .-of t h e month were 66 p e r c e n t above t h e amount o u t s t a n d - ir.g .a yt-ar e a r l i e r . , C o l l e c t i o n s on c h a r g e a c c o u n t s d e c l i n e d somewhat, .but t h e
August c o l l e c t i o n r a t i o i n c r e a s e d two' p o i n t s t o 59 p e r c e n t .
Charge a c c o u n t s were,
r e p a i d i n a b o u t 51 days a s c o m p a r e d - w i t h . a p p r o x i m a t e l y ; 4 7 days a y e a r a g o , .
Cash and c r e d i t s a l e s shewed a b o u t t h e u s u a l . s e a s o n a l e x p a n s i o n f r o m
July t o 'August.
Cash s a l e s , which c o m p r i s e d t h r e e - f i f t h s of the. t o t . a l j were ?S p e r
c e n t above l a s t y e a r ' s volume* S a l e s on b o t h chargo and i n s t a l m e n t a c c o u n t were
c o n s i d e r a b l y l a r g e r t h a n i n August l a s t y e a r . .
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 .

t

P e r c e n t a g e cha
from:
August -1-545
J u l y 1046
to •
>:
"to
August 1946
•August 1946
S o l o s d u r i n g month.
. , Cc.sh
Instalment
Charge a c c o u n t
Accounts r e c e i v a b l e , end of month
Instalment accounts
Charge a c c o u n t s

+22
+33
+26

+29
+71
+67

+ 6

+51
+68

.t 7

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
R a t i o o f ' c o l l e c t i o n s d u r i n g month t o a.ccounts r e c e i v a b l e a t b e g i n n i n g qf month

Instalment' accounts
Charge a c c o u n t s




•< ,

,•

Aug.
1946

July'.'
Aug.
•194-6 • • 1S45

35
• 59

32 ..
,57

-

' 3463

:
. -

3EP/.RTI3DT eTORES -AUOUST 194 6
Cash and C r e d i t S a l e s ; - k y F e d e r a l R e s e r v e D i s t r i c t s
i- ral
r.escrvv .
- ji strict

Cash s a l e s
July
194C
194 Cp

„

c
177
197
I •- vr York
D r i l a d j l p h i a • 19 &
237
::_v/l:rd
2 Oo
h i car.end
31:5 j|
..tl.nta
245
2aica-o
.260
5 e . Louis
irn,acclis
j 283
Lansas : i : y -jj 328
Dallas".
' j1 365 .
San F r a n c i s c o | ' 260
-

U. E . ' T o t a l j

2 c-'l

|
i

Indexes;
1941 a v e r a r e = 100
Charpo-account s a l e s
I n s t a l r . e n t sa ]
J-Ur,
July
;.ug.
July
1945
194C
194Gp
1945
1940
194 Gp
1945

149 '
157
172
191
177
256
105
207
2,4
2 75
311
2- 1

;:oe
329
243

192

151

134
1%
164
165
177
277
151
:-C5

|

C2
89
65.
95
65.
88
75
110
89
77
•'
03.
101
90 ' ! ' 70
99
126
9c
124
93
12 7
116
135
'95 .
79
99

74

- 53
138
01
129 "
130
59'
177
56
16/,
el
' 79 '
204
165
46
67
182
67
157
. • 173
64
77
234
53
' 183
58

104 '
.107
115
137
126
14 5
12 7
.138
131
14 2 :
181
.15 9

80
73
85
103
104
126
96
109
105
112
14 6
110

130

98

'

1C-,

A c c o u n t s r : e c e i v e . b l ' and C p l l o c t i o r . s , by F e d e r a l Fxcerv-v D i s t r i c t s
Fed.ral
Reserve
District

c
"Accounts out s t a r , din/:, end of r.or.ti;
C e l l c c t i o n r a t :i 0 ; *
; 1941 a v e r a g e = 100
Charp:
accounts
.
Instalrv.-r.i
Charge a c c o u n t s
,.u/r. ( J u l y Au.r.
July
4ur.
rU^:. ( J u l y
h u f . | July
194 63 1945 19:5 194Cp 19 4 6 1945 , 194Gp 194C 1945 1946p |1946 194 5

%
- 9
.Doctor ,
50
Dev.- Dork
Philadelphia 1
j 50
Tie v e l a n d
j- 51
Fichr.ond
DzDheta
. ^
Chicago
"-0 i
S t . Louis
1
Minneapolis.
65
55
Kansas C i t y '
- 59
Dallas
San F r a n c i s c o
-41
U. S . Tot&l - 46
'
il '

33
:-c
36
49
35
30
31
45
.;o
38
51
39
45 1i 29
55
35
34
53
36
56
38
27

12 6
124
114
116
106
111
134
122
113
117
119
134
135
120
134
119
119 | 100
116
102
134
127
138^ 133'

45

127

32

119

7-;
66
72_
80
74
83
76
81
.75
76 '
87
77

27
33
38
29
35
41.
42
•14"
u v>
31
43

21
26
32
34
27
33
36
39'
39
36
30
-.1

26
25
33
35
28
27
Dl 7 .
4 2'
41
40
31
40

76

35

32

34

j 51 i
! 4 7. 1
i 60 .i
59
5'i
%9
66
66
70
73
61
. 65

65
65
70
71
55
61

• 5-- .
53
63
62 56
52
72
66 76
73
64
73

59

57

63

'758 '
50

i

=f - C o l l e c t i o n s d u r i n g n o r t h as p e r o o n t & f o of 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.
v o t e : These d a t a a r e b a s e d on r e p o r t s of a b o u t 475' l a r g e d e p a r t m e n t s t o r e s r e p o r t t t y p e of t r a n s a c t i o n , more t h a n 400 h a v i n g charge a c c o u n t s and
c
. a b o u t '500 h a v i n g i n s t a l m e n t a c c o u n t s . Sack f i g u r e s may be • o b t a i n e d on ' r e q u e s t f r o m 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 ,
-