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G.17

Instalment accounts outstanding at department stores
during June continued at about the level of the preceding two
months«, Compared with a year ago, however, balances outstanding
v:ere up 15 per cent. Collections during.the month amounted to
an estimated 15 per cent of first-of-month balances, the same
as a month ago but 1 point, above a year earlier.
Charge-accounts outstanding decreased 3 per cent from
Hay. to June, when some decline is usual. Balances at the end of
the month, however, were l- per cent above a year earlier . The /
i
charge-account collection ratio, estimated at I. per cent, was
46
1 point above the May figure.
Sales of all types decreased from May to June — cash .
sales by 2 per cent, charge-account' sales by 7 per cent,.and
instalment sales by 2 per cent. Charge-account sales were also
down 1 per cent from a year ago, but cash arid instalment sales
were higher by 1 per cent and 10 per cent, respectively.

Changes in Department Store Sales and Accounts Receivable
.Percentage change from:
May 1955
June 19 5k
to
to
June 1955
June 1955

Item

Sales during month;

Total :
Cash
Charge
Instalment

Accounts receivable, end of month:

Charge
Instalment

h
2
7
2

,

~3
0

.
1

+ 1
+ 1
- 1
+10

-

:

• h
+
+15

Collection Ratios and,Percentage Distribution of Sales

Collection ratios 1/:
~

L

Charge accounts
Instalment accounts:

Percentage distribution of sales:

Cash
Charge
Instalment

June
1955

May
1955

k6
15

U5
15

%7
lk~-

h3
11

U5
hk
11

h6
kh
10

V

II

Item

1/ Collections during month as a' percentage of accounts receivable at begin« *


ning of month.


a.1?
DEPART! S%T STCRR CREDIT - JUKE 1955
Sales by tyre
fpercentape changes)
Charge-account
Instalment
Cash sales
Total
sales
sales
.a
liay '55 June 'Mi Lay '5b June 'Pt i : y 'b5 June' 5k Kay '5b June'54
to
to
to
to
to
to
to
to
June' $5 June*55 June'55 June'55 Junei55 June'55 June'55 Juno'55

Federal
.Reserve
District

Boston
liev: York
rhiladelrhia
Cleveland
Richmond
Atlanta
Chicago
Sc. Icuis
Minneapolis ::%;:as City
:lallas .
3 3 1 Francisco
:

- 1
+ 7
- L
- 1
- 8
-lli
- 2
-11
-lli
- l
i
-lb
+ 3

U.'3T Total

+
+
+
+
—
+
+

- h

+ .1

0
0
0
5
h
2
2
3
3
2
i
i
3

+
+
+
-

2
8
1
1

-M
-12
-"1 •
- 6"
- 6
0'
-10 '
+ h

0
1
+ 2
+ 1
+ 3.
+ 3
+ 3
- 2
- l
i
- 1
l
i
+ 2

- 2

+ 1

-

.

• - 3
+ 6
- 7
- 2
-12/
-15 .
-li
-Hi
-17
- 7
-19
- 1 :

+
+
+

- 1
+ b
3
- 7
3
' + h
1
- 6
7 .
-18- U
-12
-27
- 1
- 7
? ; +12
- 2

' - 7

Accounts receivable, end of month
(Percentage changes)
Federal
Reserve
District
Boston
i e z York
'v
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
i Minneapolis
Kansas City
Dallas
San Francisco
U . S . Total




Instalment
Charge accounts
::ay '55 June'bh ::ay '55 June'^
to
to
to
to
June'55 June 1 55 June'55 June'55
- 2 '
+ 1
- l
i
. - 2
- 5
- L
- 3
~,3
.- 9
- 3
- G
- 2
- 3'

- 1
c
- 1
0
- 1- 3

0
+ 0
+ 3
+• 1
+ 2 '
+10
- 5
r
+ 1
+ 1
+ l
i
+ 6
+ 1

+ 1

+ l
i

- 0

+ 3
+ 2
- 2

+lli
+11
+29
+18
+13
+18
+13
+2l
+LL.
+ 7
+13 •
• +17
+15

+20
+ 8
+ 7
.+28
+lli
- 9
+10
- 5 •
- i
• - 9
+19
+19
+10