Full text of G.17 Department Store Credit : April 6, 1960

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
A p r i l 6 , i960
•

DEPARTMENT STORE CREDIT - FEBRUARY i960 '

I n s t a l m e n t account r e c e i v a b l e s d e c l i n e d 3 p e r cent i n February •
b u t were 18 p e r cent above a y e a r ago. C o l l e c t i o n s on i n s t a l m e n t a c counts remained a t l b p e r cent of o u t s t a n d i n g s . at' the beginning of the
month.
.
Charge-account r e c e i v a b l e s continued to d e c l i n e s e a s o n a l l y
but were 8 oer cent h i g h e r t h a n a year ago. About 1*5 per c e n t of the
charge account r e c e i v a b l e s o u t s t a n d i n g a t the beginning o f - F e b r u a r y
vere c o l i c c t c d during .the month..
r
S^los a t r e p o r t i n g s t o r e s d e c l i n e d f u r t h e r s e a s o n a l l y but were
3 per cent above February 1959. •
•- .
Changes i n Department S t o r e s S a l e s and Accounts Receivable
Percentage change from:
Year
Month
ago
ago

I tern
Sales during month:

Total
Cash
Charge
Instalment

Accounts r e c e i v a b l e , end of month:

j
j
|
!

- 7
- 8
- 3
-13

Charge .
- j
Instalment

-17
- 3

.

+

3
3
+ 1
+ 11
+

\+ 8
+ 18

• C o l l e c t i o n Ratios and Pcrccntage D i s t r i b u t i o n of Sales

Collection ratios l / :

Charge accounts .
I n s t a l m e n t accounts

Percentage d i s t r i b u t i o n of s a l e s :

C~sh Charge
- Instalment

Feb.
I960

1
j
1

l h

lU

-

16
15

1
1

h2
h2
16

h3
hi
15

1x3
13
1U

1 / C o l l e c t i o n s during month as. a percentage of accounts r e c e i v a b l e
a t beginning of month.
'




Feb.
19 $9

ii

j
J

Item

'STCaE CREDIT - FESaUAPY -I960
Gales by t ^ e
( P e r c e n t a g e changes)
-federal
• Be serve
. district
Poston " )"e:v York
Philadelphia"
Cleveland"
Pichmond '
Atlanta
Chicago
3 t Louis
Minneapolis
Kens-s C i t y
"2 e l l s , s
San Francisco: .

'

'

.
C harg e - a c c o u n t
sales
Total sales
'
Cash axles'
;
Year
r:onth . ' Year
Month i Year ! Month i
age
ago
c-o_ ! ego
a^O '
a^o
:

-11
-10
- 4
- 5

+10 !
+ 6 ;
!:

- 1 3

+ 1
-

;
•

7

- 5
+ 1

+

2

i1

+ k
. - 2 !
+ 5 :

:
1

- 1 0

+

3

=

+

3
7

:
'

-

3

- .5
-13

'

+ 2
- 7
- 1 7

- 4
- 1 2

:

+ 2 "j
+ 6 ;

- 1 2

i
i.
!

- 9
-'9
- 6

-12
- 8

-MO 1
+6 ;
-13
- 1 i . '
!
+ 3;
:
- 2 . +
+ 1 .
+ I :' +
: •. - 7
;
+ 4 . •+
!
- 5 :
:
- a -!
+

:

7

+

;

j Instalment
L
sales
j Month j Year
ago
i
-go
|

+9

-33

"11
-10

,

0
2

;
:

1
o

j
;

5
o
6

:

*

;
j
j

D i s t r i c t

i
: Charge a c c o u n t s
Month j Year. :
'
GGO i .
aro

:

-io

j

;
,

-29
- i
-11
- 9

j
i
i
j

+

;

+2^
+

!
'
'j

- 1 7
- 1 3
- 1 6
- 1 6

I T e v Y o r k

Philadelphia
Cleveland
Pichmcnd
Atlanta

;
<"

- 1 7
- 1 2

:

Chiocgo .
S t . Louis

:
;

Minneapolis

;

Kansas C i t y
Dallas

'
|.

- 1 6 .

,

- 2 4

S a n

F r a n c i s c o




-

9

-I
+

;
i

+

;

-13-16

"
+ 14

:
: .

. i

-21
'

:

:
• :
;

+

;

2

!

-22

+2
+5

j1

-23

j
j

!

-1U

1

+

I

"3
-2

i
,

+16

,

+

+

8
2

:
:

- 1

i
4

i
;

-4

1

-3

:

+ 1 0

;

+ 1 0

:
:

+16

j

+

i

+ 1 5
+ 1 4

;

-5

9
9
1

i '
,
!

^

7

,

-4-

i-

-5

+

-

!

%o

8

.+ 7
+
+

Year

Month

'0

5

0

"

-3

'
'

!
•

;

3

-1

I n s t a l m e n t
-

7

+16
+11
- 1
+14
+12

+3

Accounts r e c e i v a b l e ^ - end of month
( P e r c e n t a g e changes)
Federal"
Reserve

+12
+

+2
-3

; •- - 2
-4
+4
:

7
2

|

,
;

+10
+

+

4

9
9

+ 1 0
3

+12
+18