Full text of G.17 Department Store Credit : December 8, 1953

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

• December 8; 1953
D E P A R T m T STCRE CREDIT - OCTOBER 1953.

Instalment accounts outstanding at department stores
increased ;J per cent during October, .arrd at the end of' the
month were lit' per cent above a year ago* Collections on these
accounts.amounted to 16 per cent of balances outstanding at
the first of the month, one point above the' percentage for
September.
. .
"
Charge accounts outstanding increased 6 per cent during
October, a month during -v/hich some .increase is customary. Balances. at the end of the month were 3 per cent above a year
earlier. The charge account collection ratio for October, estimated at Ua per cent, was 2 points above the preceding month.
Sales of all types- increased from'September to October —
cash sales by 13 per cent, charge-account sales by 11.per cent,
and instalment sales by 19 per cent. Compared with a year ago,
however, all types of sales were slightly lower.

• Changes-in Department Store Sales and Accounts Receivable
Percentage-.change from;
Oct. 1952
Sept. 1953
to
to
Oct. 1953
Oct. 1953
Sales during month:

Total
Cash
Charge
Instalment

Accounts receivable, end of month:

+13
+13

Charge
Instalment ,

- 3

+11.

- h
- 2

+19

- k

+ 6
+ 3

+ 3
+1U

Collection Ratios and Percentage Distribution of Sales
Oct. ,
1953:

Item
Collection ratios 1/:

Charge accounts
Instalment accounts

Percentage distribution of sales:

Cash
1
Charge
Instalment.

U8

16

Sept.
1953
U6
. 15

U6
k3

.11,

Oct*
1952

•

U6
w
•10.•

5o
18 /
U6
h3

• -

11"

.1/ Collections during month as a percentage of accounts receivable at beginning
of month.-




- 2— DEPARTi.ENT STORE CREDIT - OCTOBER 1953
Sales by type
(Percentage changes)

0,17..

Federal
Reserve'
" -® District •

Instalment
Charge-account
Cash sales
Total sales
sales
sales
s ^ T T g Oct. '52 S ^ t T H F c t 7 ^ 2 Sept'53 o 5 t ? T 2 Sept'53 c c r r ^
to
to
to
to
to
to
to
to
Oct. '53 Oct. '53 Oct.'53 Oct.'53 Oct.'53 Oct.'53 Oct.'53 Oct.'53.
+ b
+13
+13
+10

• Boston
Ifev: York
-hilacelphia
'Cleveland '
Richmond
Atlanta
Chicago.
St. Aouis
Minneapolis
Kansas City
.'Dallas
.San Francisco '
U. -S. -Total
Ihzr.cer of stores

+12
+14
+ 5
+23
+25
+13

+18

1

-

b
3
5
3
6
b
2
3
2

-

2

+ 9

- b
0

+13

- 3

592

592

+ 1
+19

+11
+ 9

+11
+16
+11
+21
+ib
+ib
+23

-

2
b
6
3
5
3

-

2

- 6
- 8
-

- 6
-

+13
592

2
2

- b
592

+ b
+lb
+lb
• +10

- 5
. - 1
- b
- 3
- 3
- 6
- 2
0
+ 1 •
0

n
+ 8

+19
+29
+13
+15
+ 9

+16

- b
- 3
- 6
- 8
-13
+ 3
+ 1

+27
+12
+15
+29
+13
+ 9
+22

-

+U6
+ 8

2

+ 2

+16

0
-11
-12
0

+11 '

- 2-

+19

- b

556

556

521

521

-

2

+17

Accounts Receivable and Collection Ratios

Federal
Reserve
District

Boston
iiev.-'-Ycrk
Philadelphia.
.-Cleveland
Richmond
Atlanta
Chicago
C.-_. Louis
Minneapolis
Kansas. City
• Dallas'
San Francisco

Accounts receivablej end of month
Collection ratios 1/
'percentage changes)
Charge accounts
Instalment
Instalment.
ccounts
Ch
S e p H s i ' Oct. '52 S ^ 3 3 o F t T W
Oct. Sept Oct. Oct. Sept Oct.
to
to
to
to
1953 1953 1952 1953 1953 1952
/ c t . 'S3 Oct. '53 Oct.'53 Oct.'53

+ 9
+ h

- J
+ A
-i:
-i:
+ 6
+ a
+ i

+
+
+
+
+

b
b
3
2
b

1:79

1:79

lb

w

51
1:7
52

15

16
b?

18

15

+lb

b8

U6

50

16

15

18

39b

1:78

W2

b85

39L

39b

39b

+ 6

+ 9

+11

+ b
+ 2
+ 8

•+lh
+13

+ 1

+25
+22

+ 2
- 3
+ 3

15
18
17
17
15
15
21
19
23
ir
13
13

+1C
-f c
+21

+12

+

2.

+ 3

\Tj. 3. Total
IIumber of stores

- b
+ .3
+13
0
+ 3
- 1
- 1
Z^l

39b

+ 8
+16

hi
16

bb
50
L2
37
57
52
58
52

Ii6
16
- b2
bo
h2

I
b9
5b

1x9

li7
1:5
1:5
50
1:3
38
57
51

61

15

lb

16

15
17
. 13
lb

16

16

lb
10
' 19
19

16

18
18

16

16

11

10

1/ Collections during month as a percentage' of accounts-receivable at beginning of
month.
.
.


r—Revised.


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