Full text of G.17 Department Store Credit : October 6, 1949
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11% BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.17.3 October 6, 19k9 DEPARTMENT STORE CREDIT • AUGUST 19h9 • . j; In s ta lm e n t l a r g e r a t the end of indebtedness•of thisl a r g e r than in. J u l y , r e c e i v a b l e i n August accounts o u t s t a n d i n g a t department s t o r e s were 3 per cent August than a: month e a r l i e r and 8 per cent above year-ago t y p e . C o l l e c t i o n s on i n s t a l m e n t accounts were 5> per cent amounting t o 23 per cent of t h e f i r s t - o f - m o n t h accounts compared vdth 22 per cent i n the preceding month. Charge accounts r e c e i v a b l e remained near the l e v e l of J u l y 31 and were only s l i g h t l y below the amount outstanding at. t h e end of August 191*8. C o l l e c t i o n s on charge accounts d e c l i n e d as i s usual i n t h i s month b u t when r e l a t e d t o beginning-of-month balances o u t s t a n d i n g y i e l d e d a c o l l e c t i o n r a t i o of 52 per c e n t . Department s t o r e s a l e s i n c r e a s e d by somewhat more than the u s u a l seasonal amount i n August. I n s t a l m e n t s a l e s r o s e by- almost o n e - t h i r d during the month and were s l i g h t l y above year-ago level's f o r the f i r s t time s i n c e •December 191*8. Charge-account s a l e s a l s o i n c r e a s e d c o n s i d e r a b l y t o w i t h i n 2 per c e n t of t h e year-ago volume. Cash s a l e s showed t h e s m a l l e s t gain during the month, l £ per c e n t , and remained well below the d o l l a r amount t r a n s a c t e d in August 191*8. \ I Department S t o r e S a l e s , Accounts Receivable and C o l l e c t i o n s Percentage change from: Aug. 191*8 . J u l y 19h9 , to to Aug. 1?1*9 Aug. 191*9 , Item S a l e s during month Cash Instalment Charge account Accounts r e c e i v a b l e , end of month In s ta lm e n t accounts Charge accounts \ .. C o l l e c t i o n s during month I n s ta lme n t accounts Charge accounts +15 132 +23 - 8 +. 1 - 2 + 3 - 1- + 8 - 2 + 2 - 9 + 8 0 Ratio of c o l l e c t i o n s d u r i n g month t o accounts r e c e i v a b l e a t beginning of month Aug. July Aug. 191*8 191*9 '• 191*9 I n s t a l m e n t accounts Charge accounts 23 *2 22 50 Digitized forNOTE.—Figures FRASER f o r August 191*9 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 . . 23 51 .17.3 DLPARSZIIT" STORZS - AUGUST 19L9 Cash and C r e d i t S a l e s , by F e d e r a l Reserve D i s t r i c t s • Federal Reserve Boston rev; York. r.icrjnond j_-OV j_S Indexes; 191*1 average = Cash s a l e s . Instalment sales July • July Aug. Aug. Aug.. 19l*9p 19k8 . 19k9p 1918 1919 1919 160 153 161 133 165 235 I 165 202 228 255 228 217 -202 157 16k 177 168 156 206 206 171a 1# 267 301 203 171 219 281 2kh 20L 279 233 253 373 239 . _ 2 4 3 13h 130 137 159 167 207 168 l8h 219 208 177 181- 157 . I# 195 168 131 172 129 119 173 151 233 128 153 263 259 162. 136 1 218 176 191 • 175 205 218 326 329 210 139 11*7 Ccllec t i o n s , b y ? 193 100Charge-account s a l e s Aug. Aug. July 191*8. 19L9 1919P 138 127 151 179 167 217 177 181 203 196 226 209 136 115 132 103 128 153 115 ' 181 171 115 168 233. 179 11*3 188 151 li*6 199 208 163 180 239 170 215 173 111 177 Reserve 3 i s t r i c t s . n t s outsta:nding,e nd of month Coll e c t i o n r a t i OS"'" 100 i9u:1 avera OUT- t-S talment ounts Charg, |July July Aug. J u l y Aug. J u l y Aug. 19&3 19h9o 1919 19L9 19L9c 19L9 191*8 19l*9p 1919 191*3 S t . Louis \inneaoolis Kansas C i t y " San F r a n c i s c o 1 131 121 1<6 179 131 2L6 119 180 149 169 267 161* 129 105 125 119 156 11*8 176 17S 130 106 236 209 113 109 172 160 11*3 151 172 190 253 251 152 lit 6 155 j 150 iua 137113 171 166 lit? 178 156 193 152 166 167 177- •151 ll*l* 150 1L8 181 1 6 6 169 177 157 ll*5 170 179 158 166 198 189 157 160 168 1 6 6 1 6 3 171 . 161 178 1*6 18 22 17 1*9 U5 28 25 23 1*5 ' 1*3. 1*5 21 1*8 1*5 • 1*9 19 17 20 18 21 ' 51 51 50 19 . 18 20 ' 39 36 36 20 15 15 37 35 35 1*0 60 63 .60 39 32 21 21 51 23 1*9 52 18 60 23 56 •59 25 21 22 ' 22 52 ' 55 5U 18 56 18 17 58, 56 61* 2h 30 6it 25 65 161 163 j 165; 23 j 2 2 I 23 52 50 • 51 .preliminary. • ' C o l l e c t i o n s during month as percentage of accounts r e c e i v a b l e a t beginning of month. - These d a t a a r e i n process of r e v i s i o n . £..—These d a t a a r e based on- r e p o r t s of about lt75 l a r g e department s t o r e s r e p o r t s a l e s by type of t r a n s a c t i o n , more than I4OO having charge accounts and about 1 having i n s t a l m e n t a c c o u n t s . Back f i g u r e s may 'be obtained on r e q u e s t from t h e fori sFRASER i o n of Research and S t a t i s t i c s . • Digitized