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BOARD OF GOVERNORS OF. frifc FEDERAL RESERVE SYSTEM
..

.

December 3 , 1943
B&S d s c - 13-

'
DEPARTMENT STORE-CREDIT'• •
October

-

• ••-

~

I9h3-

At - d e p a r t m e n t s t o r e s i n s t a l m e n t a c c o u n t s o u t s t a n d i n g showed a b o u t t h e
u s u a l s e a s o n a l r i s e i n O c t o b e r , and a t t h e end o f t h e -month -were* 35 P e r c e n t , below—
the y e a r - a g o l e v e l ,
C o l l e c t i o n s on i n s t a l m e n t a c c o u n t s i n c r e a s e d 12 p e r c e n t i n
O c t o b e r , and t h e c o l l e c t i o n r a t i o r o s e t o 3 6 , 3 p o i n t s a b o v e t h e h i g h S e p t e m b e r level.
The a v e r a g e p e r i o d t h a t i n s t a l m e n t a c c o u n t s w e r e o u t s t a n d i n g was a b o u t
f o u r and o n e - h a l f months a s compared w i t h . a b o u t s i x m o n t h s i n O c t o b e r 191+2,' •
Charge a c c o u n t s r e c e i v a b l e i n c r e a s e d by a b o u t t h e c u s t o m a r y , s e a s o n a l
a m o u n t , and a t t h e end of t h e month w e r e . 1 p e r c e n t . b e l o w ' t h o s e on t h e c o r r e s <
p o n d i n g d a t e o f 191+2, C o l l e c t i o n s op. c h a r g e a c c o u n t ' s , w h i c h a r e u s u a l l y ' l a r g e . \
a t t h i s time, of t h e y e a r , r o s e 2i+ p e r c e n t d u r i n g O c t o b e r , r e s u l t i n g i n a c o l l e c - ".
t i o n r a t i o of 6 5 , t h r e e p o i n t s h i g h e r t h a n i n o t h e r r e c e n t m o n t h s , . C h a r g e ".a.cco.unts
w e r e o u t s t a n d i n g a p p r o x i m a t e l y 1+6 d a y s i n O c t o b e r , t h e same a s i n O c t o b e r 191+2,
Both c a s h and c r e d i t s a l e s a t d e p a r t m e n t s t o r e s showed t h e c u s t o m a r y
s e a s o n a l e x p a n s i o n from September t o O c t o b e r ,
Cash s a l e s c o n t i n u e d a b o u t o n e - s i x t h
a b o v e t h e y e a r - a g o v o l u m e , w h i l e s a l e s o n c h a r g e a c c o u n t s r e m a i n e d a t t h e 19li2'
'level,
•"
.
- • • —. —
; - - - r.
.
D e p a r t m e n t S t o r e S a l e s , A c c o u n t s R e c e i v a b l e and C o l l e c t i o n s
- • •
•

P e r c e n t a g e change• f r o m r - — .

' S e p t e m b e r 191+3
O c t o b e r 19i+2
...
to
\ / to
- .
• O c t o b e r .191+3 " ' - - O c t o b e r 191+3
S a t e s d u r i n g month ,
•
'•. •
•
cash
.
" .
Instalment
Charge account .
A c c o u n t s ' r e c e i v a b l e , .end' o f month
Instalment accounts
'
Charge a c c o u n t s
;
C o l l e c t i o n s d u r i n g month
; • '
Instalment accounts.
Charge a c c o u n t s
:
R a t i o of c o l l e c t i o n s d u r i n g month t o r e c e i v a b l e s a t

+12...:
+22
+ 10
+ 5
+10

.v 8
c
'

+12
. .24
+21+
- 2
b e g i n n i n g o f month




September
19U3

36

33

•

..

-35
- 1

October
: 19U3 :
Instalment accounts
C h a r g e " a c c o u n t s ' " ""

'

'

'
.

October • 1942% •

* ' ," * " 29
~

'

*

1

• V

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v-

.

.

Department S t o r e Cash and C r e d i t S a l e s ,
by F e d e r a l Reserve D i s t r i c t s
Charge-account s a l e s •
Instalment sales
Cash s a l e s
change f r o m : Percentage change from:
p e r c e n t a g e change f r o n t Percentage.. <
S e p t . I 9 L 1 . 3 Oct. 1 9 ^
S e p t . 1943 O c t . 1942 S e p t . 1 9 4 3 Oct. 1942
to
to
to
to
to
to
O c t , 1 9 4 ) O c t . 1943 Oct. 1943
o = t . 19U?
Oct. 1943: O c t . . . 1 9 4 )

Federal
Reserve
Dis t r i c t .

-Boston. - •' - •'
. v; Y>rkPhiladelphia
Cleveland #
Richmond
Ao1anta
Chic.-,
•
S t . - Lvois
::inn^polis
Kansas : i r ; Dal-.las
'-.
Tan F r a n c i s c o
Y-. S . T o t a l

!

'

:1.
1
!.-

+ iO •
+16
+ 17
+10 .
+ 9 "
+11 + 10+ 8
•
+

2

i

+ 12-

:

' , -17. -19
+32

-

. + 7
-+1 h
+ 17

i

+ 3
+ 4 - - 4
+ 17- - -r
+ 17
•
+
4
+10

'

+32

|

+ 16

+36. +15

+23
+29
+24:"
.+21
+20
' - +15
. +18-.
+ 18 . *19
+25

•

, 6
• 0
- 4
^ . - - 5
•- 0
+ 6
-10
- -18
- e.
-18
:+19
-19

+22

.

- 8

.
•
•

- 6
. >12
.— 6
+ 12
• ' -.0
+ 19
+ 3.
-+12 - + 6
- 3
+ 8
. + 5+ 6
- 2
+ 2
- 3
- 1
- 7
+ 2
' <3 . •
+23+ 4
•
+ 6
+ 18 •

•

+10

0

. Department S t o r e A c c i u n t s R e c e i v a b l e and . C o l l e c t i o n s ,
'by Federal .-He-serve D i s t r i c t s

Federal ^
Reserve
Dietrict•
Boston
Nev; Yo rk .
Philadelphia
'Cleve land .Ric hrr. :<nd
Atlanta .
Chicago
- ,
S t . Louis'
Minneapolis
I^n^as City.
3 an F r a n c i s c o
U. -S-.- To t a - i -

. A c c e n t s o u t s t a n d i n g , . end -: f
-month
Dec. 5 1 , 1959 - 100
.Charre. a c c ounts.
Instalment.
O c t . ( S e p t . Oct. Oct. S e o t .
1 9 - ; 19 Id 19242 191a i ? 0 3
: 35
• 52
!
35

r33

59

49
33

6 9

1x2

i E
i 47
35
L2

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45
35
4o
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45
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U
:3
riii

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bk

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66
54
, ^9
69 . 68
72 ! 71
56 !.66
68 i . 70
6 9

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63

61
7-0
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60

67 I 65
63
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-65'

Oct.
1*2
• 71
67
65
69
70
70-

66

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61,
6 9
7 0

05

C 0 l l e c t i d;t r a t i o s
.Charge a c c o u n t s .
Instalment.
Oct.
Oct. S e c t . O c t . O c t . 3cpt,
194311943 1942 1943 19LL 1912

I 38
32
34
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L_
r - Revised.
* - C: 11 V c o i r . s d u r i n g month a s p e r c e n t of a c c o u n t s a t b e g i n n i n g of month.
j o t e r ' T : % • a r e -bas-ed" o n - r e p o r t s 'o:f " a b o u t ' ll75™l-''n?c - 'department' s"tc res ""rep0r't. i n g s a l e s by t y p e ~ f - t r a n s a c t i o n , - n o r e t h a n 1*00 h a v i n g c h a r g e a c c o u n t s and
a b o u t 500 h a v i n g i n s t a l m e n t a c c o u n t s .
Back f i g u r e s may be o b t a i n e d on r e Digitized for qFRASER the D i v i s i o n of Research and S t a t i s t i c s ,
u e s t .fror.
,