Full text of G.17 Department Store Credit : August 4, 1961
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F E D E R A L R E S E R V E s t a t i s t i ca G.17 . DEPARTMENT • STOEE CREDIT. - . JUKE 1961 I n s t a l m e n t a c c o u n t s - r e c e i v a b l e o f ' r e p o r t i n g department s t o r e s a t t h e end of 'June were s l i g h t l y "below t h o s e of a month e a r l i e r "but continued somewhat above t h e - i 9 6 0 l e v e l . C o l l e c t i o n s on t h e s e a c c o u n t s d u r i n g June amounted to I p p e r c e n t of t h e amount o u t s t a n d i n g on the f i r s t of t h e month, about t h e same a s i n May. Charge a c c o u n t s r e c e i v a b l e showed s m a l l d e c l i n e s d u r i n g t h e month and o v e r t h e y e a r - p e r i o d . " The r a t e of c o l l e c t i o n on t h e s e a c c o u n t s was unchanged a t 48 p e r p e n t . ,Department s t o r e s a l e s , w h i c h - u s u a l l y show l i t t l e change in J u n e , were 2 p e r c e n t belpw tho.se i n May.' .An i n c r e a s e i n i n s t a l m e n t s a l e s was more t h a n o f f s e t by d e c l i n e s i n cash and c h a r g e - a c c o u n t - s a l e s . . S a l e s .of a l l t y p e s were l a r g e r than i n June i 9 6 0 . . ' Changes i n Department S t o r e - S a l e s .and Accounts R e c e i v a b l e Item S a l e s d u r i n g month: ~ P e r c e n t a g e change from: Year Month ago •ago . * Total ' . J Ca.-h Crge _ Ir,uvcalment •' Accounts r e c e i v a b l e , end of month; , • ." ' i ;J +3 ' +3 * 1 ^ - +8 - " ' T2 ' -1 . -6 -2 • "I Charge ' Instalment ; -1 +2 C o l l e c t i o n R a t i o s and P e r c e n t a g e D i s t r i b u t i o n of S a l e s Item Collection r a t i o s ' l / : "™ ' " Jiris . ' May 3 9^1 1961 » Charge a c c o u n t s Instalment accounts : P e r c e n t a g e d i s t r i b u t i o n of s a l e s ; . Caph Charge ' Instalment - ' ... - v 48 15' 43 41 16 ' 48 15 : 43 " -42 -.15 June 15)60 48 15 43. • 42 15 l / C o l l e c t l c a a d u r i n g month a s a p e r c e n t a g e - o f 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. DEPARTMENT STORE .CREDIT - JUNE 1961 ; Sal.es tiy typ'e • ( p o r c c n t n g e changes') • * Federal. : •...Reserve' • . District Boston * Hew York Philadelphia .Cleveland Ri chKond •Atlanta . C h i c a g o .. S t . L o u i s "• Minneapolis , Kansas CityDallas San'Francisco j Total sales Month . ago Year - ago - 2 + 3 0 ! - 1 . • - 5 -12 - 4 - ' - 9 .+ 8 \ - 5 -lb -.2 1 1 | + ? /+4 +1 • +5 . +5 0 :iv;.v: "K3 : -1 " +1 0 +5. Cash s a l e s Charge-account • sales Year Month ago SRO - - Year c&o Month ago ' - 2 +3 . ' >2 + 3 • ; +!•• •* 1, +6 0.. 0 +3 : - 3 . - 4' -1.. + +.4 3 - i . • +1 i +2 .•• •! -14 . +6: • I - 1 " - 2 + 2 - 1 >:m 0' + 3 0 - 1 - 2 . +13 +10 > 9 + l' + 5 + 6 +19 + 4 ( f 4 -14 7:'• 0 - •'a,-:- • + 7 0. -15 - 7 + 8 0. +22 + 1 / - 2 - 2 + 1. - 2' - 6 . ' +12" 0 -io -1-5 : " 7 -12 -11 -21 - 6 . Instalment .sales ' Month Year ago ago . 1 ! ^ A c c o u n t s r e c e i v a b l e , end o f month (Percentage- changes) Fcderal Reserve District Boston 'New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas C i t y ' Dallas • San F r a n c i s c o . Charge a c c o u n t s Instalment Month Year Month • Year. . ago ' ago - • ago ago -2 . • +1 -0 -5 -4 +2 ' -3 .. + 7 . -2 . -5 , -2 ' -2 . Q +2 ' : -9 +2 0 -1 -2+2 +1 +2 . +3 \+8 -1 . • -3. 0 ' -3 • -1 . +18 - 4 - 2 +12. ..."+ % - 4 - 3 +'3 }+ 8 \ + 7 . + 6 + 3 ' •