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BOARD OF GOVERNORS'OF THE FEDERAL RESERVE SYSTEM
G.17 -

.

1

August 8, 1956
DEPARTMENT STORE CREDIT - JUNE 1956

Instalment accounts outstanding at department stores
continued unchanged during June, and at the month-end were 20 per
cent above a year earlier. The instalment collection ratio,
7
estimated at 15 per cent, was the same as both a month ago 'and a
year ago.
Charge accounts declined two per cent from May to:June,
about the usual seasonal decrease for this time of year. Compared
with a year ago, balances were up 7 per cent. / Collections on charge
accounts amounted to about i;6 per cent of first-of-mbnth balances,
the same ratio as the preceding month and; June of last year.
Sales of all types decreased in June from the preceding
. month, but continued above a year.ago. Compared with June of last
year, cash sales were up k per cent, charge-account sales 5 per
cent, and instalment sales 19 per cent.

Changes in Department Store Salea and Accounts Receivable

Percentage change from:
May 1-956
June 1955
to
June. 1956 .
June 1956

Item

Sales during month:

Total
Cash
Charge
Instalment

Accounts receivable, end of month:

-

-

Charge
. Instalment -

-

6

+

+

6

-

..

- • h

8
3

+
+

5
19

-

:/ :
:
"

2
0

+
+

7
20

h

Collection Ratios and Percentage Distribution of Sales
-!

Item

Collection ratios 1/:

Charge accounts
Instalment.accounts

' June : Hay
19561956

r15
•

li6..

June
'1955

' : he-

he

.15

.

15

:
Cash
ii6
hh
15
Charge
13
*
. h2
. hh
12
11
13
Digitized for 1/ Collections during month asInstalment
FRASER
a percentage of accounts receivable at beginhttp://fraser.stlouisfed.org/
.ning of month.

Percentage distribution of sales:

Federal Reserve Bank of St. Louis

G.17
D5P\RTHJZ'T STORE CREDIT - JIMS 19$6
Sales by'type •
(Percentage chants)

Charge-a vcount
Instalment
I
Fe'^er il. I Total sales
"
Cash- sales
sales
sal
He . e ' '
jr-e
I:ay '56 ! June '55 /lay '56 June '55 I'ay '56 June '55 lay '56 June ' 55
" District
to
j
to
to
to
to
to
to
to
June '56 jJune 1 56 June '56 June '56 : June '56 June '56 June '56 June '56
1
i
| + 2
-So '-tor.
+ 6
+ 6
+ 1
+ 3
+ 5
+13
0
1 + 2
+ b
' r^
+ h
+ h
. + 7
+ 7 .
+21
0
+ 8
1 - 5 + 9
- 1.
+ 5
+15
. - 8
- 5
1
+ 6 '
+ <
+20
- 2
+ 3
- 2
I
t
- 3
+ s i
+18
+ 5
+ 7
- 1
- 13
1
~ Atlanta
+ 6 1
-16
+ 2
+ 5
+1U
-12 '
-u
- 23
Chi care
+ 6
+ 2
+ 6
- 2
- 2
+21
-1
- 3
+11 !
-11
+ 7
- 0
+ 12
+20
-11
- 13
+10 1
+ ? .
Xinneioolis
+ .
9
+ 11
- +16 ;
- 12
- 7
-20
+ 2
Ksnsas City
+ 2
+ 2
- 7
- L
Dallas
; -19
+ 3
+ 2
+ 3
-Ih "
- 2 It
+ 7
-11
).!
San Francisco; • 0
+ 1
+ 2 ' • + 1 .
+ 1
; +16
- L
U. S. Total,' - 6
1

+ 6

-

+ i
i

I
t

-

8

'

+

5

I
/ccounts receivable, end of month
(Percentage changes)

Federal
Reserve
District

i

Boston
Mevr York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
K ? nneapolis
i
Kansas City
Dallas
Sen FranciscQ""




| Charge accovnbs
j May '56 June 1 55
to
to.
June '56 June '56
+ 2
' - 3
0
- 3
0
- 7
+ 1
0
- 5
- 3

Instalment
iiay^56 June '55
to
to
June ' 56 June '56

- i .

0
+12
-+ h
+ h
+ 7
. 2
+
+ 9
+ 6
+U
+ 3
+ 6
+ 1

- 2
+ 2
- 1
- 2
- 2
- 1
+ 2
+ 3
- 1
- 2 .
- 1
+ 1

- 2

+ 7

0

+ 10
+ 20
+ 18

"+ 2h
+
+
+
+
+

19
Hi
19
27
13
0
+ 10
+ 33
+ 20

- 3

+19