Full text of G.17 Department Store Credit : August 1, 1946

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BOARD or UOV..:':'.ORS CP THE..FEDERAL" RESERVE SYSTEM
.17.3

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DEPARTMEITT STORE CREDIT..

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JUITE'19^' '

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August 1, 19^6

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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 ,'6.t' d e p a r t m e n t s t o r e s : i n c r e a s e d
'
s l i g h t l y i n June vdien some d e c l i n e i s u s u a l , and were more t h a n o n e - t h i r d above
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 i n s t a l m e n t a c c o u n t s were 2 - p e r c e n t l e s s
t h a n i n t h e p r e c e d i n g , month, b u t c o n t i n u e d w e l l above l a s t y e a r ' s -volume.
The a v e r a g e p e r i o d i n s t a l m e n t a c c o u n t s were o u t s t a n d i n g 'vtz.s a g a i n a b o u t f i v e m o n t h s , a p p r o x i m a t e l y t h e same a v e r a g e as f o r -June 19^9*
Charge a c c o u n t s r e c e i v a b l e r o r c f u r t h e r ' i n June, and a t t h e end of
t h e month were a b o u t o n e - h a l f l a r g e r t h a n on t h e c o r r e s p o n d i n g , d a t e o f 19U5» •
C o l l e c t i o n s cn charge, a c c o u n t s remained a t t h e Hay l e v e l , r e s u l t i n g i n a
c o l l e c t i o n r a t i o o f 60 p e r ' c e n t , t w o p o i n t s 2 e s s t h a n i n t h e p r e v i o u s m o n t h . 1 .
Charge a c c o u n t s were cti l l e c t o d i n about 50 d a y s , a s - compared v / i t h a p p r o x i m a t e l y
hi days i n June l a s t y e a r .
Both ' c a s h and c h a r g e - a c c o u n t s a l e s were i n about t h e same volume a s
a y e a r age , , w h i l e i n s t a l m e n t s a l e s - showed a b o u t , t h e u s u a l ' s e a s o n a l d e c r e a s e
Cash s a l e s , which c o n t i n u e d t o a c c o u n t f o r 99 p e r c e n t of t h 5 - t o t a l , were. ...
a p p r o x i m a t e l y o n e - f i f t h , l a r g e r t h a n i n June 1 9U5. Both t y p e s . ' o f . c r e d i t s a l e s
showed s u b s t a n t i a l _ g a i n s e v e r t h e y e a r p e r i o d . Accounts R e c e i v a b l e and C o l l e c t i o n s '

1
I

Department S t o r e ' S a l

...
"
S a l e s d u r i n g month
: Cash
Instalment
Charge account

V

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

;.

chrnge f r o m :
. -'Hay 1946 ,
June 19U5 '
to
• ;
• to
....
- June 191+6
June 19/16

'
.. 0
- h
• , . 0

+20 '
+55

+ 1
+ 3

' ,

+36
>51

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.'
:

. _ .
'

- 2
0

'

.

+3$
+30

.

Ratio 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 - e e i v a b l e a t b e g i n n i n g „o.f. month
June
19l|6
Instalment accounts
Charge a c c o u n t s

Digitized iioto:
for FRASER
F i g u r e s f o r June 1 % 6


66

3h.
62

are- p r e l i m i n a r y and - s u b j e c t t o r e v i s i o n * .

STCQZS - JUKE 194C
Cash and C r e d i t 5>: L , s , by r e-dc r'al R e s e r v e D i s t r i c t s
Federal

Cash

District
,r:st:n
4,ev. York
' - h i la del _.hia
Clevelc nd"
l.ichr.rnd
. ' rea
C.-.i:
. e.. Levis
: ir.V.e a;-/-.lis
Fansas City
Dallas
^
i : r. : rr.nci S3

i:\'
206
215
227
222

^ 215
22;
j
|
|
!
|
j
|
-,

l-L-41 a v e r a - c - 100
Instc.lr.ent s a l e s
Juno
June
I.:ay .
104i:p
1C45
1940

sales

528
2:0
vl6
551

1C45

8/
75
- 65
. 53 •
• 86
' 77

163
185
192
195
261
• 195
195

61

95
77
100
116
92
11U
71

31

'35

S
100" -

259
295

' 100

Y. C. F e t a l j

11

U5
61
50
>9

I

51

61-

71
55
66
50

cur.t s a l e s
. I.'r.y
June
104C
1545

' 196
131

160
152
163
172
172
139
162
169
176.
172
' 2 5—
175

ill
1'07
116
123
125
119
115
115
121
118
151
121

169

16?

118

154
l&S
180
171
165
167
16L

IE

Acer u n t s R e c e i v a b l e and C c l l e c t i r r . s , b y F e d e r a l . R e s e r v e D i s t r i c t s
:e.deral
Oi s t r i c t . .

A cc c u n t s r u t standing", end f r.cr.th
llecticn ratios
Indexes;
1£41 average. = 100
Instalment
a cc r u n t s
I n s t r lr.ci'.t.
Char r e ac c u n t s
Juno
O.ay June
l a y June Jur.u
Lay June June
Ray j June
.104C;: 1 , ' 1 : 4 5 i :
1:.::\ 1«,45 lC4Cp 194C 1^45 1040e 1046 104 5
li-R

150
i:;

19
1

. i-. 1
! 1 - !
!

!-

i_

'

!

1

U

51
31
56
29
• 5L
Lo
62
tR.

62
61
51
L7

66
65

5152
62
62
55
50
68
71

58
55
a
55
50.
7i
60
75

t5

61,

xalj
- Freli::vin-. r y .
- . Celdecti'lr.s eurine"
nth.

t h as \ e r c ; ? . t a / c - f c.c'c u n t s r e c e i - ^ b l v a t b e r i n r . i n r ef

Dast,d - n r e x r t s : : r.beut '»T5 l a r g e d e : r r t r . e n t s t r r e s r e . - r t *:•
-2 trar.sa.ctx -_n, re.ro thar. -z^C hr- vir.r c h a r g e a c c o u n t s and
- . "tr±1 'r- u ts.
b-ci: f i b r e s n.ay be o b t a i n e d n r e s arc). a:.d J e u i i r i i c s .