Full text of G.17 Department Store Credit : April 7, 1964

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FEDERAL
IB
«•>'

statistical

RESERVE

release

v .

^
DEPAtoCNT STORffCREDIT - .FEBRUARY 1964

%

Ins-Ea-lr.ent/accounts outstanding at reporting department stores, which
usually decline inSFebruary, were do^n 5 per cent from January but at the monthend were nearly one-tenth above those of. a year earlier. The rate ox collec- • /
tion on these accounts at 16 per cent had slackened. somewhat from -the January
r a t e and showed little change from February 1963. ,
, ' ^
The seasonal drop in charge accounts receivable in February amounted
to 17 per cent, approximately -the same .*&: last year; ..The amounts on the books
during the .first two months of this year have been larger than in 1963 but the
rate of .repayment has been well, maintained.
- •/%
The February decline in/department store sales was smaller this year
than in other recent years. Both cash and credit sales were substantially larger
than in the corresponding month of 196). '
Department Store Credit

Item

• ^

Annmmts receivable, end of month
Lon ratic)8 1/
Percentage increase Percentage distribution Collect:
nr decrease from:.';
r
Jan. f 64 Feb ,'63
Month: ago Year ago Feb .«64. Jan.*64 Feb. 63 Feb.'64

Charge .

-17

5

Instalment

- 5

9

48

, 42 .

4.0 '
• '" 60

16

17'

58.

57

48

/ 49

Department Store.Sales

Item

• Percentage increase
nr decrease from:
. Year ago
Month ago

Total
- 4

Cash
Charge
Instalment
l/

'-M-

1

. 15
••'13

-13

:-17

-Percentage-distribution
. Feb.'64'

Jan.'64

100

.

/

42
•
'

'39
1 9

. '

-

100

100

43

42

-57

'40

20

18

'

Collections during month as a percentage .of.accounts receivable at
beginning of month.
:
- .\




Feb.'63

DEPARTxWT STORR CREDIT - FEBRTLiRY 1964
Sales by Type
Percentage increase or decrease (-)
" Federal
Reserve
- District
Peyton
Few York .
Philadelphia
Cleveland
Richmond
Atlanta
"Chicago
St . Louis . .
Minneapolis
•Kansas' City
Dallas
San.Franciscc'

i
Instalment
Charge-account
sales
-sales
• Year
Year Month : Year Month
ago
ago
ago • ago
age

Total sales ^ Cash sales
Month
ago

Year
ago

Month
ago

-12
. - 8
- 1
- 7 •
- 1
- 1
0
- 6
11 •.
— 8
-9
- 6

-10 .
15
8
17
- 4
9
16
- 7
16
-2
2
13
18 .
1
14
- 5 24
4
6 • —10
6 "
.17 .
9
-.5;

. 12
12
-10
19
. .17
- 7
11.
. 1 .
7
-.4
14.
15
6
15
17
0
14
13
18.
4.
13
14 • - 6
13
. 24 =
28 .
21"
1 -.
. 8
- .3 '
23
17 • - 1
8. ' :ii
6

-33
..-10
- i
-13
- 5
-3
- 9
-10
-24
-23

Accounts- Receivable, end of month
Percentage increase or decrease (-)
Federal
- Reserve
District
Boston
New York
Philadelphia'
Cleveland
Richmond
Atlanta .
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco




Instalment.
Charge accounts
Month
• Year
Month ,| Year
ago
" ago
j . ago
. ago
4 -4
-17
3
18.
. -153
-5 .
0
2
• -15
-3
-4
. -16
.
.9
.7
1
: -11 :
-3
- 5
-6
_-ll '
15
. 15 .
— 6
6
-22 ..
6
-8
- 3
' 3
12
i;
- -14
. -3
-17 '
3
• 3
-5 •
.-2
- -6
12.
-15
- 10 '
1
. -21
-5

3
16
" 12
21
17 •
• 15.
• 24
16
19
~
10 /
6
14