Full text of G.17 Department Store Credit : December 11, 1964

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'tfCOWV.

F E D E R A L
statistical

R E S E R V E

release

j ulecv

LIBRflRX
G. 17

. December L'l, 1964

DEC 1 4 1964

KDEH.J. R2SZRTE BANK.
OF RICHMOND

DEPARTMENT STORE CREDIT - OCTOBER 1964

Instalment accounts receivable at reporting department
^"gTSfS^dioued a further moderate increase in^October and at the monthend x;ere 11 per cent larger than on the corresponding date of 1963.
Charge accounts outstanding, which commonly shorn larger October gains
than does instalment credit, were up 6 per cent. Charge accounts are
running only,-2. to 3 per cent above 1963. as they have during/the past
six months.
",
A slight acceleration in collection ratios for both charge
and instalment accounts occurred as usual in October. Thesd~accounts
were being collected at about the same rate ;as in October last year-.
Department store sales were up 12 per cent from September -Somewhat more than the usual seasonal rise -- and were 13 per, cent
larger-than in October 1963. All types of sales contributed to the
gain. Charge-account sales, which showed the largest increase from
September, recorded the smallest year-to-year growth.

Department Store Credit

Item

Accounts receivable, end of month
Percentage increase Percentage distribution
or decrease from:
Month ago Year ago Oct.'64 Sept'64 Oct. ^63

Charge
Instalment

Collection ratios 1/
1
Oct.' 64 Sept 64 Oct.'63

3

41

40

43

50

49

50

11

59

60

57

18

17

13

Department Store Sales

Item

Percentage increase or decrease from: .
Year ago
Month ago

Total

12

M

Cash

11

13

Charge
Instalment

100:
. 42
40.

' 15
12

Percentage distribution
October •' 64 September'64

18

100

100

43

41

39

41

10

13

1/ Collections during month as a Jpercentage of accounts receivable gt
of month.
Digitizedbeginning
for FRASER


October '63

>17

.

-2DEPARTMENT STORE CREDIT -.OCTOBER 1964
Sales by Type
Percentage increase or decrease (-)

Federal
Reserve
District
Beston
Nei? York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St, Louis
Minneapolisj
Kansas City
Dallas
San Francisco

Month
ago

Month
ago

Year
ago

16
12
13
13
13
,
16
. 13
13
12
11
. 15

7
16 7 :
^23
9
13
11
20
10
13
11

.

. G

Charge-account 4 Instalment i
-sales
sales
Year
Year
Month
Month
ago
ago
• ago . ago

Cash sales

Total sales

Year
ago

5
* 17
12
17; .
14
7
5
13
15
.19
20
8
15 '
13
.9
13
IT
13
14
16.
19 .
10 .
u

10
14
.7
11
.2(3
22
22
12
25.

. a
9
15"

1

' 17
13
10

. 5
20
.
7
13
16

13
11
5
7
15 . . : is
27
miK-:
10
. 6
8 .
13
2
9

Accounts Receivable, end of month '
Percentage increase or decrease (-)
Federal
Reserve
District
Boston
Neu York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago '
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco




Instalment
Year
Month
ago
ago

Charge accounts
Month *
Year
ago
ago .
6
8
8
: i
6
3
5
9
. 0
7^
- 7
3 .
10
• - 1
8
i
:
6
ii
0
7
13
3
.
0
- 1

.

1
1
2
I
0
4
3
0
1
1

•:

•

6
. 9
2
11
9
9
20
11 '»
17
5
12
11

•

12
10 24
25
•

20 v
• • •: 15 :
12
8
__ 14
29
15