Full text of G.17 Department Store Credit : August 7, 1952

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BOARD OF GOVERNORS' OF THE FEDERAL RESERVE SYSTEM
C-.17.3

August 7, 1952
DEPARTMENT STORE' CREDIT - JUNE 1952

Instalment accounts outstanding at department stores continued •
to show little'change during June.. • Balances-at the end .of the month
were up 1 per cent from Hay and it per: cent from - a year-ago.. Collections
on instalment accounts were dovm;from both a month ago and a year ago,
and amounted to 18 per cent of balances outstanding at the beginning of
the month,
- Charge-accounts outstanding decreased 2 per cent during June,
but at the month-end ivzere k per cent above the level of a year ago.
Collections decreased slightly from May to June, and were unchanged
from a year ago. The ratio of charge-account collections to first-ofmonth accounts receivable was L.6 per cent, dovm 2 points from the preceding month. The average repayment period in June was about 65 daysV
Sales of all types in June were moderately below those of Hay.
Cash sales decreased 8 per cent, while instalment and charge-account
sales dropped 7 per cent. Instalment sales were sharply above June of
last year, but cash and charge-account sales were below the level of a •
year ago.
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/

Department Store Sales, Accounts Receivable, and Collections
Percentage change from:
June 1951
May 1952
to
. to
June 1952
June 1952

Item

S.ales during month
Cash
Instalment
Charge accounts

.

•

+23

- 1

Accounts receivable, end of month
Instalment accounts
Charge accounts

+ U
+ U

+ 1
-

2

Collections during month
Instalment accounts
. .
- a
Charge accounts.
--1
Ratio of collections during month to accounts receivable at beginning of month:
June '

Instalment accounts
Charge accounts

Digitized forNOTE:---Figures
FRASER
for June 1952


1952

Hay
1952

18
U6,

19
,U8

June
.192;

: 19

h9

:

are'preliminary and subject to revision.

0.17.3

\

j-2DZP/aTIZNT STORES - J U I E 1952
Cash and Credit Sales, by Federal Reserve Districts
Indexes : . l'9b7-19U9 average = 100
Cash sales
:
Insta:Iment sales
June
June
June
June
June
Kay
i.Tay
1952p
1952p
1952
1951
1951
.195:2?
1952

Hay
1952

June
1951

106
69
93
12U
125
97
81;.
106
10U
102
107
129
103
160 .
79
89
rllb
185
136
io5
103
90
119
" 9^
10^ '
192 - 121
106
112
.157
206
90
90
105 • ' 58
163

96
111
1^9
113
115
108
106
1.15
116
111;
99

9h

97
1?4
10h
106
r 81;
103
66
101
103
53
95

1^6

1":

8

I

rau-ra_.

s!

' T-,

District
Scstoh
Her York
• Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis Minneapolis
Kansas. City
I alias '
San Francisco
. . u. 5, Total

57
51
55
57
95
53
SU
79
62
32
73
77

91
55
91
32
197
lOh
93
59
91

5 It

9:

9h.

97
83

5?
1:2
90
8993.
r 83
37
81
55
87
73
6b
91

37
120
9u
122,
103
153
132
1U2
150
155
187
150
127

103

137

99

Accounts Receivable and Collections, by Federal Reserve Districts

Federal
Reserve
DistrictBoston •
i"e-"' York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San -Francisco
U. S. Tctsl

Accounts outstanding, end of month
Indexes: I 9 h l - l ? h 9 average = 100
Charge-account
Instalment
may June
June -37 June
1952p 1P52 1951 1952p 1952 1951
l3l
159
115
163
163
2"2
177
135
lu7
20L
219
216
175

112
175 166
160 165
1-9
133.
150 1L6
163 169
113
166 151 ' IV?.
127
197 rl9l
118
• 171 182
123
177 "175
150 Ihh
110
200 196
201; 211 -12V
122
219 151
176

171

12:

Collection ratios-"Charge-account
InstaIment
I ray June . June i.ay June
1952p 1952 1951 1952p 1952 1951

16
113- h 5 ' 15
17
16. 17
1~3
17
g
13
16
133
17
16 . 17
117 111;
17
16
.16
1U0 123
17
16 - 15
132 rll7
15.
"118 113
.22
23
23
21
21
19
131 117
- 21 21
20
111 n o
. 19 20
"133 125 ' 18
126 115
17
15
•15
.2?
19
125- 113

P

122 H 5

.

13

-

19

19

h6

h5
);2
h6 •
U8

15
' U3

hh

38
35

n
u

hi

U5

38
5h
U3
55
5^
- W

ho

13

h?

h9

hl
he
hi
h'9
13
r36
51 •

hS

52
5o

hi

5"
1.9

p—Preliminary, r—revised.
—Collections during month as percentage of accounts receivable at beginning of
month.
FOTF:—These data are based on reports of about 550 large department stores reporting sales by type of transaction, about -1;75 having charge accounts and
about 375 having instalment accounts. Back figures nay be obtained on
request from the Division of Research and Statistics.




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