Full text of G.17 Department Store Credit : August 6, 1953
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G..17
August 6, 1953
:
DEPARTMENT STCRE CREDIT - JUNE 1953
Instalment accounts outstanding at department stores at the
end of June were practically unchanged from the level of the preceding
month, but ware 23 per cent above a year ago. Collections on instalment accounts during June amounted to 15 per cent of. first-of-month
balances outstandings the same as in May but 3 points below the collection ratio of June last year*
Charge accounts outstanding declined 1 per cent; during June,
a month in which some decrease is usual, but balances at the monthend were 3 per cent above the•corresponding date last year, The June
collection ratio of U7 per cent was 1.point above both a month ago
and a year ago.
Sales of all types decreased from May to June — cash sales
by 2 per cent, charge-account sales by 5 per cent, and instalment
sales by Ij. per cento Compared with a year ago, each type of sale was
up 5 per cents Consequently, the relative importance of cash; change,,
and instalment sales was practically unchanged from both a month ago
and a year agoc
,
~
Changes in Department Store Sales and Accounts Receivable
Percentage change from:
June 1952
May 1953
to
". to
June 1953
June 1953
Item
Sales during month:
Total.
Cash
Charge
Instalment
.
- u
- 2
- 5
.
-
Accounts receivable, end of month: ,Charge • instalment
.
.
h
- 1
0 :
•
+
+
+
+
5
5
5
5
L
+ 3
+23
Collection Ratios and Percentage Distribution of Sales
May
1953
h?
h6
15
15
>7.
U7
U3
Charge accounts
Instalment accounts
Percentage distribution of sales:
Digitized1/
forCollections
FRASER during month
of month.
Cash
Charge
Instalment
. h3
/
10.
10
11
Collection ratios 1/:
"*
Is
Item
lt6
18
'P
h3
.10-
as a percentage of accounts receivable at beginning
-
,G.17
.
- 2 DEPART: ZI:T 5TCR3 CREDIT Sales by type
(Percentage changes)
'•
^
Federal
District
Scston
Fe-T York ' Philadelphia
Cleveland.
Riclimond
'Atlanta
Chicago
5t, Louis
Minneapolis
Plans as City •
Dallas
ban Francisco
1953
Instalment
Charge-account
sales
sales
May
'S3 June«.b2
June'52
"ay 'S3 June'^2 ::sy '53 Juno'52^^ay '53
to
to
to
to
to
. to
to
•to
1
1
June '53 June 53 Jmie'53 June'53 June 53 June'53 June'53 June'53
1 Total sales
Casn sales
+ 1
-19
- 6
+ 2
-11
-19
- 1
- 5
+ 9
+ 1™
-12
o •
+ 2
+ 5
+ 5
-r 8
- 2
- 2
+ 9
+ 7
+ 7
- 1
+ 2
+
7
U. S. Total
- h
+ 5
- .2'
+ 5
M-mber of stores
568
568
568
568
+
+
+
+
-
2
6
h
8
3
0
+ 7
+ 9
+11
- 5 .
+ 3
+ 8
- 5
-10
- 9
+ 2
- 9
W 1
- h
+ 6
-27
+ 7
+ 3
+ 5
- 7
+ 8
+ h
+ 6
- 5
- 6
+ 8
- 2
+ 1
.+ 9
- 7
-11
• + 5
- h
'+ 5
193
1:93
- 1
+ 3
+ 5'
+ 3 • -2h
-18
+ 6
- 8
- 3
+ 8
+ 1
+ 3 .
C.
•- 8
•15
-26
-18
- 1
, +].o
.-.1
- 1
+ 7
-11
- 1
-i:
+ h
- 3
+ 2
- 1
- 3
+ h
-17
- 9
+ 6
+ 1
3
—
5
532 '
532
Accounts Receivable and Collection Ratios
Federal
• Reserve
- " 'District
Boston
1-ew York
Philadelphia
Cleveland
Ricijr.ond .
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas '
San Francisco -
nts receivable, end of rconM
Collection
(Percentage changes)
j
•
Charge accounts
Instalment
{Jharpe •£;ccounts
& y - ' 5 T JuHe'52 May '53 June'52 June May June
to •
to
to
to
1953 1953 1952
June'53 Junei53 June'53 June '.53
|| - 1
j + 2
1
j -0
0
-
+
+
-
h
8
1
1
3
i
6
1
U r S . Total
Muntcr of stores
' + 2•
T 6
+10
+ 3
+ 2
+ 1
+ 3
+ 5.
+ 9
+ 3.
+ 2
+ 3
+ 3
h77
Digitized1/'
forCollections
FRASER during month
month.
177
+
+
+
-
2
1
2
1
2
5
0
1
b
0
3
1
6'
391
+16
+ih
- +22
+lh
+20
+23
+21
+23
+15
+32
+13
+38
+23
#1
• h3
U5
Ui
h9
lil
35
55
h?
51
h8
' h6
5o
hi
h77
ratios 1/
'
Instalmeiit
June
1953
h6
15
h5
15
U2
h5
15
Ul.: h3
16
hh
h?
38
13
hi
39" ' 35 lh
52 • 18
53
13
h8
h7
17
53' 53
hS
15
h8
11
h7 "h5
16
h8
h7
U6
May June
1953 1952
lh
15
lh
15
13
lh !
' 18 1
18 I
171|
!
15
i
12 i
16
!
15
17
16
16
lh
15
22
20
20
18
15
18
15
15
18
, h90 h86. 391
396
399
h6
as a percentage of accounts receivable at"beginning of
@FedFRASER