Full text of G.17 Department Store Credit : December 8, 1955

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
.December 8, 1955.

G.17
DEPARTMENT STORE CREDIT - OCTOBER 1955

Instalment accounts outstanding at department stores
continued, to increase during October, when some rise is customary
Balances outstanding at the end of the month'were 3 per cent
above September.and 18 per cent above a year ago. Instalment
collections amounted to an estimated 15 per cent of first-ofnonth receivables, the same as a month earlier and 1 point above
a year ago.
Charge accounts; increasing 8 per cent from. September
to October, showed somewhat more than the usual seasonal rise
for this time of year. The increase brought month-end. balances
10 per cent above a year earlier. The charge-account collection
ratio, estimated at hi per cent, 2 points above September and
the same as October of last year.
•
Sales of all types showed further.increases from
September to October, and continued above a year-ago. Compared
rath October of last year,. cash sales were up 6 per cent, chargeaccount sales 7 per cent, and instalment sales lU per.cent.
Changes in Department Store Sales and Accounts Receivable
Percentage change from:
Oct. 195u
Sept. 195f>
to
to
Oct.
1955
Oct. 1955

Item

Sales during month:

+ 9
+ 9 •
+15

.+ 7
+ 6
+ 7
• +1U

+ 8

•

+10

Total
Cash
ChargeInstalment

Accounts receivable, end of month:

Charge .
Instalment

+ 3

+10
+18

Collection Ratios and' Percentage Distribution of Sales

Collection ratios l/:

Charge accounts
Instalment accounts

Percentage distribution of, sales:


1/ Collections during month
http://fraser.stlouisfed.org/
ning of month.
Federal Reserve Bank of St. Louis

Cash
Charge
Instalment

Oct.
.1955

" Sept.
1955

Oct.
195U-

hi

U5
15

hi

bU

hh
hh

hh
hh

15

U3

13

12

1U

12

as a.percentage of accounts receivable at begin-

G.1T
DFJARTLSZT STCR3 Cl^IT - CCTCESR 1:55
Sales bv.t^rpe

(Tercentage change s)

Total sales

.Federal
. Zi strict
Boston
i:ev: York
Fhiladelyhia
Cle''3lsn.I •
"Richmond
Atlanta
Chicago
£t.- Louis
I ±nh e:^Zlis
Kansas City - :alias

;5an .Francisco
"

Charge-a ccount
sales

Cash sales

Instalment
sales

Sept'b5 Oct.' 5'ioepb'b5 ~ t ~ " Sept'n' ^ t T ^
to
to
to
to
to
• to
to
C.:t.'55 Oct.'55 Oct.'55 Oct.'-5 Oct.155 Oct.155 Oct.'5: Oct.'55

^ T T ~ Get.'

+ 3
+ 9

+ 6
-12

+ 9
+lli
-rlC
+16
+10
- 7

+ j
+ L
+10
+16
+ 6
- 3
+ 9
-r O
+ 2
+ 3

- +1?

-r C

U, 3\" Total

+11
+ 5
+10
+10
Til
+13
+ '3
-f 6
+2b

+ 5

+1:

+ h
+ h
+13
• +11

+
+
+
-

. +
+

2

h

+ 6

+12
-r 5
+21
+ 8

3
1
7
7

+16.

2

+11.

+ 1
+ 3
+ 1

+ 6

+15+12

+ 6

+ 3
+ h
+ 7
+1L

+ 6
+ 5

+ 9
+ ?

+ 5

+ h+ h
+ 7

Accounts receivable, .end of nonth
(Percertsro.changes)
Federal
Reserve
Distri ct
Boston
he-: Ifrk
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. louis
hinneapolis
Kansas City
Pallas
3an Francisco
U. S. Total




|Charge accounts
Instalx.cnt
|SG]:L
0ct.'5L Sert'55 oct.ua
to
to
to
to
Oct.'55 Oct.'55 Oct.'55 Oct.'55
+ 8+ .2
+ 9
+11
+ 3 ' +1j
+• 7
+ 8
+ 8
-+ 8
+•3
• t 3
+ c
+ 6
+11 •
+ i;
+15
+ 5
+ 7+ 9
+12
. + 7
+i:
+ 7

+
+
+
+
+
f
+
+
+
+

h

+13
+13
+25
+2li
+20
+28
+15
+2h
+2c
+ 7
+16.
+13

.' + e

+ 3

- +18

+10

+ 2

-

u2
u
1
u3
6
2
2

+11;

+ 2

+ 6

+15
+ 7
+17
+13
0
•+i:
+22
+1:2
+21
+lv
- 1

+11
+35
+13
+ 2
+15
+19
+ 2
+10
+13
+17

+15

+1L