Full text of G.17 Department Store Credit : August 3, 1943

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BOARD of Governors; o f t h e ' f e d e r a l ' r e s e r i / e s y s i m
7"

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August 3 , 19^+3
. I&S d s c - 9

—..
. -DEPARTMENT- S?O.HE--€IffiDIT •
JUNE 19143

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At d e p a r t m e n t s t o r e s 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 t h e
end of June d e c l i n e d by somewhat more t h a n t h e u s u a l s e a s o n a l amount, •
and were I4.5 p e r c e n t below 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 d e c r e a s e d 9 p e r c e n t , 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 of 29 p e r
c e n t . The a v e r a g e p e r i o d t h a t i n s t a l m e n t . a c c o u n t s a r e o u t s t a n d i n g i s now
a b o u t 6 months as compared w i t h a b o u t 8 months i n June "I9U2.

-

Charge a c c o u n t s r e c e i v a b l e r o s e 2 p e r c e n t i n J u n e , when a
d e c l i n e i s u s u a l , b u t a t t h e end of t h e • m o n t h w e r e 9 p e r c e n t below t h o s e
on t h e c o r r e s p o n d i n g d a t e of 1942, - 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 d e c r e a s e d
5 p e r c e n t . Charge a c c o u n t s were o u t s t a n d i n g a p p r o x i m a t e l y 1^8 days i n J u n e ,
a b o u t 5 days l e s s t h a n i n t h e same month l a s t y e a r .
I n J u n e , c a s h and c h a r g e - a c c o u n t s a l e s i n c r e a s e d s l i g h t l y o v e r t h e
I'ay volume. Cash s a l e s a c c o u n t e d f o r a b o u t 60 p e r c e n t of t h e t o t a l - f o r t h e
t h i r d c o n s e c u t i v e month, and c o n t i n u e d w e l l above t h e l e v e l of a y e a r a g o .
I n s t a l m e n t s a l e s d e c l i n e d 6 p e r c e n t i n June, b u t f o r t h e f i r s t t i m e i n more
t h a n a y o u r showed an i n c r e a s e - o v e r t h e y e a r - a g o l e v e l . Charger-account
s a l e s were marked by a c o n t r a s e a s o n a l r i s e f r o m May t o J u n e , . a n d a h i n c r e a s e
of 18 o e r c e n t o v e r t h e volume o f June 19^2.
" Department 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 change f r o m ;
r

-4

S a l e s d u r i n g month
• Cash
Instalment
Charge a c c o u n t
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
Ratio of c o l l e c t i o n s d u r i n g month t o r e c e i v a b l e s

Instalment accounts
Charge a c c o u n t s




June 19Ij2. '
to
June 19^3

May I9JU3
to
June 19^3•
h
- 6
+ 5
+

.

- 7
+ 2

+ 36
+ 6
+ 18

"

- 45
- 9

- 31
-•9
• - 17
- 5
a t b e g i n n i n g of month

19W
29
62

May 19W
30
63

19h2
22"
56

Dvnti.rtr.vnt S t o r e Cash and C r e d i t S a l t s ,
by F e d e r a l Reserve: D i s t r i c t s
Cha r g e - a c c ount s a l e s
I n s t a l m -i,nt s a l e s
P e r c e n t a g e change f r o m : P e r c e n t a g e change f r o m :
I/lay 1913 June 19^2
June I9L2
Llay 1913
to
to
to
to
June
I9I4.3 June 1943
June lok3
June 19U3

Cash s a l e s
P e r c e n t a g e change
June 19^+2
7 (ay 19L$
to
r
r%l Reserve
to
Juno 19W
District
June 19^3
.'h.v Ycr,:

-

:

+.

-

+

.-It l a ; . - .
hire
1:1./

. . . . . . ...

; ; i

+

+

7
+ 3
- .12
+ 10 < lh
- 3
- L

r .11.::

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+

- -

19
22
25
+ 31
30
+ 56
+ 34
4- hi
+ 3?
- 72
81
+
oh

.3
3
1
h"

.

h

.

- 36

+
+
I
1

-

19
, 6
15
20
6
h
9
1
8
69
1
0

+
+
+
+
+
+

10
21
5
7
5
15
2
9
2
69
• + 25
• - 7

6

+" 6

.

+
+
+
+
+
+
+

2.
1
3
7
3
7
11
1515
10
U
7

'
!.

+
+
+
+
+
+
+

5
li;
13
19
13
30"
lh
26
+ 19
+ 26.
+ 1+6
+ 22
+ 18'

5

+

D c n a r t n e n t - S t o r e Accounts, locelv&bl'c and C o l l e c t i o n s ,
by F e d e r a l Reserve. D i s t r i c t s
! ^cc:
jlnde:
! In:
|:"-y
119^3 I19L3

h2
55
hi
' 50
h?
.Wi
L2!
50 |
hl\
51 i
r 321
W!

1 38
! 5h
; 37
1 L6
i hi
< U5
I 39

I LG
1 h9
Total-

14$

|

18 i

end of
r ..ram;
month .
Dec. 3 1 , 1 9 3 9 = 1 0 0
| Charge) a c c o u n t s
|:.:ay June
19!i2|

^75
51

19L3I 1 9 W

69'60
61

7h

6b
6L.
6L
62

86

66

90
86

6L
67

1942

C o l l e c t i o n r,i t i o s *

1913

26'
67
70
2k
r 6 l 60 1 :.27
. "oil 72
31
; 63 7 6
25
| - 6 5 7 1 i • 21,
; 59- 6 6
37
j r 6 3 ^ 71
30
"3lii S i I 36
j c 2 ; 69 1 .33
i 08 | 6 3 j •29
6 1 j 70 i
33

63 .

70

62 | 69 I
i
!

Charge ~c<c o u n t s
I'ay

I n s t a i n -ent
June l/I&y

29

19L3

27
2h
29
33
26

25
39

32
3o

33
28
32

30

1 * 2

19W

21
5h' j
21
51
1
62
.21
|r
63 I
23 •
20 •
57 -i
18
52
70
• 29
67
2h
2h
I• 7 8 |
1- 23 • i 0 7 1
13 1 .60 !
70 |
23.
22

i

62

19L3

19^42

-55
52

53
h9
58
57
50
h3
65
61

1

62

63
57
55
72

;

68

78
69 !

67

69

59
51
59

63

56

62

!

r-xevisod.
* - C o l l e c t i o n s d u r i n g no n t h a s p= r c e n t of a c c o u n t s a t b e g i n n i n g of month.
:*oto: . These - d a t a a re based on re-so rt.~ o f a b o u t 2+75 l a r g e d e p a r t m e n t s t o r e s r e p o r t i n g
;
SLil-s by t\'be of t r a n s a c t i o n , more t h a n 1^00 h a v i n g charge a c c o u n t s and a b o u t
h a v i n g i n s t a l m e n t a c c o u n t s . ' Rack" f i g u r c ? " m a y be obtained--o-n r e q u e s t f r o m
Digitized for3C0
FRASER
the D i v i s i o n of
s t a r c h , and S t a t i s t i c s .
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