Full text of G.17 Department Store Credit : April 4, 1947
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BOARD Of GOVERNORS' OF THE FEDERAL RESERVE SYSTEIc -•* A p r i l U, X9h7 Gil7.j DEPARTMENT STOEE CREDIT FEBRUARY 19L7 . ' ' ( I n s t a l m e n t accounts o u t s t a n d i n g a t department s t o r e s . - a t t h e end of February showed- l e s s than. t h e u s u a l , s e a s o n a l d e c l i n e and c o n t i n u e d c o n s i d e r a b l y above t h e l e v e l - of a y e a r e a r l i e r . 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 d e c r e a s e d S per c e n t , and the r a t i o of c o l l e c t i o n s d u r i n g t h e month t o a c c o u n t s o u t s t a n d i n g on ihe f i r s t of t h e month was 28 p e r c e n t , . o n e p o i n t l e s s t h a n i n J a n u a r y . At the c u r r e n t r a t e of repayment, i n s t a l m e n t a c c o u n t s would be o u t s t a n d i n g , on t h e ave'rare; about s i x months. ' ' , . . \ ' . Charge a c c o u n t s r e c e i v a b l e were r e d u c e d by about t h e u s u a l s e a s o n a l '• amount i n F e b r u a r y , and were more than o n e - h a l f l a r g e r t h a n a y e a r ago. The February c o l l e c t i o n r a t i o on c h a r g e a c c o u n t s was"^1 per c e n t , as compared w i t h S2 per c e n t i n the p r e c e d i n g month and 6 l per c e n t i n t h e c o r r e s p o n d i n g month of 19L6. The average c o l l e c t i o n p e r i o d f o r charge a c c o u n t s i n February was a p p r o x i m a t v l y 59 d a y s . . .: Cash s a l e s d e c l i n e d h per c e n t i n February and, f o r t h e f i r s t time i n n e a r l y two y e a r s , were below the volume of a year ago. Charge-account s a l e s d e c r e a s e d s l i g h t l y , a l t h o u g h an i n c r e a s e i s u s u a l i n t h i s month, w h i l e i n s t a l m e n t sr.lv.-s r o s e 3 per c e n t . Both t y p e s of c r e d i t s a l e s c o n t i n u e d above t h e i y e a r - a g o levels. Department S t o r e S a l e s , Accounts 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 " chi a n g e f r o m : . J a n u a r y 19U7 F e b r u a r y 19.h& - to to February 19ii7 February 19^7 Sal'-.r d L r i n g : : o n t h Cash Instalment Charge a c c o u n t Acc'.iunt.p r e c e i v a b l e , ' . - a + 3. . - 1 .' - " e n d of month . - * I - i r t a l m e n t accounts Cnarge a c c o u n t s . Tnstali'-ent ecceuncs Charr> a c c o u n t s - - 6 +53 +13 - 1: -12; - +71 +5L - 5 -22 - +39 - ' of c o l l e c t i o n s d u r i n g month to accounts r e c e i v a b l e a t beginning of month Feb. 1917 instalment accounts Charge a c c o u n t s 28 SI • Fob. 19L6 Jhn. 19l> ; ; 29 52 . > u . — : i g u r u s f o r February 19U? 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 . 32 61 ' ' = ' |D?> ^.3 6L3 - 'OOriOO'J.: 193? Oar'" a:.:i C r r d i : " I iyL? 7 1U 155 -• 16-; 17? . 1-5 173 166 13 3 165 u ; :2;3 ' 166 • ld7 in? 1 -0 1 213 ' lis i1 2L5 ( ' 26; I 0- ; : L r c . • 212 : s. -i r io. 7 . S. | 120 101 95 130 73 • 167 99 -122 • 11,9 163 173 177 ' 133 298 ,192 2 Co 222 273 320 135 ' i9i . ; ' 1 . 1 U O 1 136 111 93 ' 115 •• 53 71' 92 ' 120 123 127 153 101. J 106, : ' 3 : : 3-:"" 2%. T i n n 1 1 3 ! = . - - . 72 ;ly3? I i : ; i : | ' 1 i | : 13 -193 . 102 21: 167 95 96 • 27 175 133 102 "7 166 25 93 . 26 153" 106 100 171 32 172 105 33 9l 31 96 33 156 177 112 27 100 ' 57^ ' ! 176 100 136 ILL In: 0,3. i , o " ' 0--.io 1937 of .. - 120 130 75 99 100. 119 127 77 110 137 56 . 136 •31 100 132 119. isl 63 133 131 111 ' 162 ' 156 139 1.3,3 120 13 L . •57 73" 133 .151 133 102 1L6153' 123 100 157 150 ' 135 210 91 213 193 161, 170 133 59 O.H,'c.:ic 3 "n:-;i ! i : . 0 1 1 33 ! 51 i 167 : 77 : 59 i 13.6 i 73 • :;2 ' i 3 : 1 =3 1 32 159 71 1 37 1 151 : "O 137 i 167 65 33 ! 151 J 56 V3 i 795 53 i 137 : 91 100 33 : i:3 ; 156 : r' : 13: ! i 75 ; 15h Fob. 1936 1937 122 :,r-:l r x :.?';rV.r " j . s : r i e t s :civ;:.blE : ar 7: 6: llccLioi'.c . tctr • I r .'".Xtr-.1 * J...:-nl r.vry,c - e = 1 00 I n s t a l m e n t . ' j.3Ohn: r:c yeu. 0c3. OeO. 1936 19L7 193' 193 ir . 1937? - - : : • ' ' F e d e r a l Of-rez'vo 1936 22 19 2 5 . •' 25 23 29 30 33 25 27 . 30 36 36 36 33 30 35 32 • 35 23 30 33 35 29 . 32 r.a'.i 0 3 - "=:C '.C' 3. 19L7r 1/57 1936 32 33 53 51 36 32 59 55. 57 57 60 3' 55 50 36 36 6l 60 60 63 60 50 .51 j 52 33 IS 55 53 62 59 53 50 68 63 75 6.9 63 -'? 61 ccounLs r c c o i v n c l c . %\t br.'ginnin^ of - J: \b;.u%,_ c75 l ^ r g c d..rnrt.\'_r.i - s t o r e s r c - r c r t .;rc- t h e n LOO hnvin,. ch%rgu a c c o u n t s ^r."Lack j i r ; r : K r.:;.r.' OuC'Ltainod cn r c — irch :nd C t ^ i - i s t i c c .
