Full text of G.17 Department Store Credit : February 4, 1955
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.17 February U, 1955 D2PARTIEUT STORE CREDIT - DECEL3ER I9?h ' Instalment accounts outstanding, at department stores increased 11 per cent during December, reflecting a seasonal expansion in instalment sales3 Balances at the end of the month were.7 per cent above a year earlier. The instalment collection ratio,> estimated, at la' per cent in December, was 1 point above November and unchanged from a year ago= A 33 per cent increase, in' charge accounts, largely seasonal in nature, brought month-end balances outstanding to a level 3 per cent above a year ago. Collections in December amounted, to U6 per cent of first-ofmonth balances, 2 points below a month ago and the same as a year earlier0 Sales increases from November to December amounted to 57 per . cent for cash sales, hi. per.cent for charge-account sales, and 35 per cent for instalment salesn Each .type of .sale was also above a year ago — cash sales by 2 per 'cent, charger-account sales by U per cent,, and instalment sales by lU per cento Changes in Department Store Sales and Accounts Receivable Item Percentage change from1,: Dec, 1 % Novo 195k to to Dec.. 1951; Dec. 195k - Sales during month: Total , Cash Charge Instalment Accounts receivable, end of month: Charge Instalment + h + 2. +50 +57 +I4.7 +35' + h +33 +11 + 3 + 7 +H4. Collection Ratios and Percentage Distribution of Sales Item December 1951 November 1951 December 1953 k6 lh 18 13 Ik U7 1*3 10 11 Collection ratios 1/: Charge accounts Instalment accounts Percentage distribution of sales: Cash Charge Instalment , . 15 7 hh li6 hs h3 • 9 Collections during month as a percentage of accounts receivable at beginDigitized for 1/ FRASER ning of month. DEPART] [EUT STORE CREDIT - DECEI3ER 19^L Sel.es by type ^Percentage changos) Instalment Charge-account Cash sales salen sales 1 1 Dec.>53 Nov.'5k Dec.'53 Nov-. 5h tec..' 53 Nov. 5k Dec.'53 Nov.' SL to to to to to . to to to 1 1 1 Dec.^1 Dec.'51 Dec.' 5li.Dec, 5u Dec. 5h Dec.' 5k Dec. 5U Dec.'5k Total sales 'Federal Reserve DistrictBoston rev; York Philadelphia Cleveland JliclTicnd . Atlanta Chicago. "St. louis ^ Minneapolis_ Hsnsas Jit" .Dflias San Francisco +55 +ho +L5 +U5 j + 3 + 5 + 5 + 5 + 6 + 6 + 1: t h + l> .. U. S. Total « ! + 1 . +6U + 5 +50 + 3 +5? - 8 +h5 +6U. ! + 3 T h >72 +59 4 "^"53 • + L • + 3 . + 3 + 2 +72 + 2 ' +1|8 +12 • +30 +hl +50 +51 +h2 +UU +57 +63 +52 +60 +i;7 + 2 -rli8 +..U +35 + 2 - +28 + 3 +33 . + 6 +3U I + 6 +12 + l" +23 +21 + 7 + 3 +39. , +1:3 . + k +)<6 • + 7 + 3 +kl + h ! Accounts receivable, end of month (Percentage changes) Federal Reserve District Boston KewYork ' Philadelphia Cleveland Richmond Atlanta Chicago St. Louis hinneapolis Kansas City Dallas San Francisco II. S. Total Charge accounts Instalment Nov.'bk Dec.'53 Kov.'5a Dec.'53 to ' to . to . to Dec.'51 3ec.'5L Dec.'SL Dec,'5'i ,5 +36 +29. +3= -+33 +29 +35 +25 -+31 +37" +36 +36 +33 + 3 +13 +10 +1U + 9 - 1 +12 • 0 + 1 • +12 +10 +15 +10 • :0. + k + 7 + 1 + 9 + 2 +10 ' + 5 + 9 +10 - 2 + 3 +11 +10 + 8 +12 0 + 3 +18 + 2 +15 +31 . + 9 +10 • +12 + 7 +35 +13 + 9 +2h +17 +11 +16 + 1 +11 +17 +lh +28 +1V +1U