Full text of G.17 Department Store Credit : August 5, 1963
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& F E statistical D E R A L R E S E R V E release f%4LRE#. -August,. 5, 1963 i R T M T ' STORE/ CREDIT JUNE 1963 Instalmeht accounts receivable at reporting department stores shoved little changeWring June and continued nearly one-tenth larger .than a year earlier. Charge accounts receivable declined-somewhat in . Jiane but at, the month-end were .slightly above the amount outstanding on June 50, 1962. Instalment accounts were collected at about the same' rate as in the two preceding months but- collections on charge accounts were at a somewhat slower rate than "in May ._ Department store sales,- which usually decline in June, were down 6 per cent from May at reporting "stores. Both cash and credit sales declined during the month but were larger .than in June 1962. Department Store Credit Account S;Receivable Percentage increase Percentage distributionj Collection ratios 1/ Item .1 Charge Instalment June *63 May '63 June'62 Junef63 May '63 June'62 Month ago Year afeo 48 " 49 : 16 58 •' . 59' 59 ' 9. : 42 41 -/ 41 ' Department Store Sales Percentage increase ^ or decrease from: Year ago, Month ago Total Percentage distribution June 163 Cash - 2 Charge '1 Instalment - May J 6 3 100 10b ; . ....' - - 5'-'.: / : .of month. 9 ' :39 '• \ . ,• • : "'43 45- . 1 8 ' , June *62 '100 t V 45 59 '18 17 •,48"17 DEPARTMENT STORE CREDIT - JUNE 1963 Sales by Type Percentage increase or decrease (-*) Total sales' Federal . _ Reserve. District Boston " . New York .Philadelphia Cleveland Richmond . Atlanta ' Chicago St•Louis Minneapolis * Kansas' City Dallas San Francisco Month ago - 6 - 3 - . Year ago - - Year.. ago Month, ago 1 - 6 5 -.3 . . > 3 - 7 2 - 5 9 4 - ;7 • -11 5 -10 - 6 8 - -11 4 - 6 3 - 5 . 2 3 - Boston New York Philadelphia Cleveland Richmond Atlanta Chicago . St.Louis Minneapolis Kansas City Dallas dan Francisco - - 3 L_. l' '• - 4.. -10 0 -3 -1 . •' • -3,;:: 3 2 -4 -2 • 3 : 2. 3 2 3 .5 3 ,7. -3 -6 -3 5 3 ' o ' -15 . - 4 -22 - 1 -12 - 4 -1 2 - 1 2 - 8 - 3 - 6 ; : 20. P ' * 4 . - 1 . . -1 ' 0 ~ 1 0 • *. - 1 - 3 - " ; 5 6 - 2 2 9 •-10 •. \~ . 13 16 2. . ' .' \ . - / ' K 4 : :• 3 9 . 15 5- Charge accounts .Instalment Year • Month ' Year Month ago ago ago ago. -2= 8 1 4 — Accounts Receivable, end of month Percentage increase or. decrease (-) Federal Reserve ' District 1 -10 9 = 7 . •- -14 . -15 0 3 •9" -10 - . - v 6, 1 - 6 .2 • 4 - a - . 4 6 -14 • 2 ,5 . -11 2 2 8 7 - .5 2 -10 - 4 7 -16 - " 1 . •5 : ,••• 9 - Instalment sales Year Month ago ' • ago Charge-account • sales Year .Month ago . ago Cash sales .1 5^ . . . 9 7