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BLV:RD OF GOVERNORS OFTHi' FEDERAL''RESERVE SYSTEL .

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•

'

y DEPARTMENT STbRE CREDIT;

^

'

' JUKE 1945

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• •- •

A u g u s t 1 , 1945
R&S d s c - 33
-

'

I n s t a l m e n t a c c o u n t s o u t s t a n d i n g a t d e p a r t m e n t • s t o r e s d e c l i n e d "by a b o u t '
t h e u s u a l s e a s o n a l amottnt i n June-, a n d c o n t i n u e d i n s l i g h t l y s m a l l e r volume t h a n •
a'year ego.
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 - f o u r p e r c e n t , and t h e
c o l l e c t i o n r a t i o was u n c h a n g e d f r o m t h e May r a t i o o f 32 p e r c e n t . .
Instalment
a c c o u n t s c o n t i n u e d , t o be c o l l e c t e d ' . i n a p p r o x i m a t e l y f i v e months± a b o u t t h e same y
l e n g t h of t ime a s i n June 1 9 1 4 ,
|
Charge a c c o u n t s r e c e i v a b l e i n c r e a s e d one p e r c e n t i n J i i p e , when, some
d e c l i n e i s u s u a l , and were s u b s t a n t i a l l y a b o v e t h e y e a r - a g o l e v e l " . 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 showed l i t t l e change f r o m t h e p r e v i o u s m o n t h , a n d t h e c o l l e c t i o n r a t i o r e m a i n e d a t 64 p e r c e n t .
Charge a c c o u n t s w e r e o u t s t a n d i n g , f o r t h e
s e c o n d c o n s e c u t i v e m o n t h , ' a b o u t 47 d a y s , n e a r l y one d a y l e s s , t h a n t h e a v e r a g e
f o r J u n e . 19,44,
"
••

' Cash and c h a r g e - a c c o u n t s a l e s "showed a—small • i n c r e a s e o v e r t h e Llay
v o l u m e , and w e r e 18 p e r c e n t l a r g e r t h a n a y e a r e a r l i e r .
Cash s a l e s c o n t i n u e d
t o a c c o u n t f o r a p p r o x i m a t e l y 63 p e r c e n t of t h e t o t a l .
Instalment sales declined,
a s i s c u s t o m a r y i n J u n e , b u t w e r e f o u r p e r c e n t l a r g e r t h a n i n t h e same month
last year. . •
.
'
D e p a r t m e n t 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
P e r c e n t a g e c]i a n g e f r o m ;
May 1945
June 1944
to
,
to
J u n e 1945
J u n e 1945
Sales -during.month •
•Cash
Instalment .
Charge a c c o u n t
A c c o u n t s r e c e i v a b l e , e n d . o f month
Instalment accounts
Charge a c c o u n t s
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

,

.
+ 2
- 4
+ 1

+18
+ 4
+18

- 5
+ 1

- 3
+13

— 4-

2 .
+ 9

• . - ,

1

R a t i o of c o l l e c t i o n s d u r i n g month t o . 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
I,lay
June
'•1945
. 1945 '
1944 .
.
'
.
Instalment accounts
Charge a c c o u n t s

.

'
•




32
64

32
. - .64 . _''

51
. 63,

I

DSPARTLZI.T STOKES - JUNE 194 5
end

1545

r. de r a 1
. r.erurve
district.

I n d e x e s j 19<xl a v e r a g e = 100
Charge: - a c c o u n t s a l c s
I n s t a l m e n t so- l e s
Cash s a l t s
June .
June
May
June
I.:ay
1944 194 5
194.5
1944
1945
1945
1944
194 5

;

Total-

S k i e r ,

by

F e d e r a l

Reserve

D i s t r i c t s

*

.no
114
. 101
• 107
r l i p
116' .
. .-117
123
;120
125
135
119
110
115
119
114
117
119
117 '
122
15P
. 134
.121
123

40
47
45 '
148165
57
01
61
1 155 1 137
- 46
53
51
155
151
46
162 . . 159 . • 49- ; -53 • .
. 49
56
39
172:
isf-;
65
62
26-j
-64
222
47
49
49
183
il65
56
r70
63
195
-163
5c
56
71
212
1 155
54
' 52
52 .
262
| 219
54 77
• 64
333
I 262
46
49
4:
i 203 .
i
1
1
- r54 . j ' 50
52
190 j 165
i

E ester
; lez
l ev. "York
P h i l a d e l p h i a . i 165
Cleveland i 192
1 195.
Richmond
Ftlvnta
261
193
Chicago
£ t . Louis
196
Minneapolis . ' 2 3 2
262
f.ansr s C i t y
Leilas
292
San F r a n c i s c o ] | E37
L.

C r e d i t

S

.Cash

194

117

I

H16-

•96
. 91
102
100 ..
100 .
102 .
99
97 .
. 104
101.
113
104.

7 ^ 9 9

Accour.tr R e c e i v a b l e -arc:1 C o l l e c t i o n s , by F e d e r a l R e s e r v e . D i s t r i c t s
: i r g , :; n d

jAcecuzt^ o"
•n.

;

=0St0r

32
L
1
j
,•

59
33

I,

;
i

36

3.3. 1

j

-

32

1' 32
j 35
3-4

^

Collection - ratios *

32

:Lll_Ls

|

36

San Trc.r.cisco j

25

35

I:

1

35
43

,

36

2=

-

i

1 9 1
, 52

,

90

i - 20

1^4 5
:e

11

62

H

.. r t
• ' - y

j 9:
65

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1

St.. L o u i s . '
-..ir.n-; a p o l i r • j
KLnscs C i t y
j

1%

33

34
43

40

X. ; '

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j

41 !

41 . i

van,-

19:4 | 1945

194 5.i 19': 5

'OhiCErc

month
;-V; t s

District

Lev; York
-Philadvlphie
C:_vc l-:-:.d.
Ridh.:,=n:
'

of

1

. Fed--re 1

'

64

32

79

. 33

77-

2

7

.1

; ^
31

i Cuar;^ e

Jur -

194 5

194

i
"

60

;

25

i

f*.

i

56

!

'25

,

63

|

65

;

.64

26

!

55

j
i

25

i

o4 .
26
27

90

75

29'

90'

.55

61

36-

36

32

89

90-

79

56

36

34

66

"63

37

83

65

97

40
27

56

91

75
75
75
72

40

34

31

3G
• 31.

39

37

:

31
29

63

•

63

28

57
54

56

i

•6 7

36

| June
1944

i

26

68
=5

1
!
:

a c c o u n t s

I

4 | 10^5 j 194 5

50

i

63

G 5

56

57

51

52

.

4 3

75

71

71

36

•

66

66

67

56- :

36

. . 72-. . 76
74
73
62

•

.65

73

74..

.

75
70
64

. 72

78
" 31
52
32
67
35
64
35 .
63
U. S . T o t a l | 3 4
.64
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1
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:—!
—
:
:
!
Jr - hevi...
'
.
'
* - C o l l e c t i o n s Curing month cs p e r c e r t of PC c o u r t s r e c e i v a b l e n t beginning- of
month,
Fete": There d a t e a r e b a s e d on r e p o r t s of a b o u t 475 It r g e dvpartrr.ert s t o r e s r e p o r t - • ir.g s t i e s by t y p e of t r a n s a c t i o n , more t h a n ' 4 0 0 h a v i n g p h o r ^ e a c c o u n t s and
. a b o u t 3CO h a v i n g 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 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 .




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