Full text of G.17 Department Store Credit : February 5, 1945
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BOARD O F COVLhKORS.. OF'TtiE FEDERAL SYSTEM February a, 1045 PAS ass- - 27 DEPARTT.iI.i-JT 'STORE CREDIT- • DECEMBER 1944 v ; Instalment accounts outstanding at department'' stores increased by y more than the usual seasonal amount in December, and at the end of the month ' . e e only five per cent below the year-ego volume." Collections, on instalment /-r accounts rose slightly, resulting in a.-collection ratio of 36 per cent as com-*-', pared -with 39 per cent in the preceding month, end 35 per cent a year ago. Instalment'accounts were outstanding, on The average, about four end one-half monthn, • aooroxiniately the some length of time.'ss; in, Decer.ber. 1943. Churge accounts ..receivable shoived about the , customary expansion from .I-lovember to December, but'; were 18 per cent larger than a' year earlier. C o l L lactions on charge recounts increased four per cent during, tne;month", and continued 12 r-o" cent. above those in December Ir s I year. ; Charge .accounts were, collected in about 49 days, as compared with 4 8 days in the corresponding m o n t h of 1943. . ' ' ' ' : ' . - - - ' ; Cash and credit sales showed about the_ :sual seasonal rise in December, in spite of. the comparatively heavy buyin.<: that prevailed in the tv/o preceding months.. The col la " vol u n . of cash- sale's, which, acceurite:! for about FA per cent r-• of the tr.'tal, reached an ur.preccde nt,edly'• high level during the. m o n t h . Charge' account sales continued 14 per cent above the level of. a year go,..'while instalment sales., for the .second, consecutive month, were larger than last year. Department Store Sales, A c c o u n t s Receivable and Collections rercenta:;G change from: Novei.-iber 1944' December 1943 to to D e c e m b e r 1944 December 1944 Sale's during month • Cash , ' • Instalment Charge account Accounts receivable, end of month Instalment, account's • Charge accounts Collections during month . Instalment accounts Charge accounts " +33 +11 +LZ + 14 + %5 ' . ' • . - + 3 ' ? * 4 ' . . . +13 ' + 5 + 14 - 5 + 18 - 7 . •+i:.< . . ' Ratio of collections curing month to accounts receivable at beginning of month Dec. 1544 Instalment accounts Charge accounts . 36 ' . 62 Nov. 1944: ' 1 39 . 67 Dec. 1212 35 : 63 DEi^ARTI.lElJT STOKES. - DSCZTBEP' 1944 Cash and Crc-dit Sales, by "Federal He.-serve Districts C Dec. 1344 1944 254 326 r252 r252 253 318 366 309 134 96 467 357" 91 115 84 245 289 208 204 246 275 Philadelphia . 241 314 285 Pt. Loui.f: I/inneapnlis K a n s a s City 1041 av Indexes; lies last-a 3 i ant s; n Pec. Dec. K'ov. 1943 1944 1944 2? 2 24? 306 283 308 224 276 277 ' 313 314 Boston Dec. 1942 458 528 404 U. S. Tot ?1 51 135130 77 111 90 97 ' 100 r Charge' a-j count Dev. Dec. Dec. 1943 3 944 1944 89 ' 121 134 176 111 86 112 . 109 83 112 195 165 r80 185 83 ' 183. 1:: 0. 67 ' 159 34 173 93 115 83 120 88 89 - 113 86 74 11G ' rl51 .159 149 148 166 160 160 179 150 157 160 145 188 158 159 195 182 . 100 106 i ra' 142 181 ' 187" 180 231 88 • 136 159 152 ' • 149 159 192 167 A c c o u n t s Receivable and Collections, 'by Federal Peserve Dic.trlets / iccc unt s o ut st a no i mz, 2nd of month < avers; •e UCC !3 unt a Instalr., Ho 7. Dec. Dec. 1945 1944 1943 1944 •IS 46 136 60 ' 120 48 141 45 • 133 125 3 06 96 111. 104 99 K a n s a s City Dallas San Francisco 40 1 ,0 132 127 . 1944 19 ! 3 1944 35 33 ' 5358 35 -.28 47 52 • 52 42 44 13 5 128 127 104 - 99 102 103 107 107 48 128 102 109 106 Pec.' 19::4 U • . 36. 108 'ill 50 . 43 117 . 106 122 110 - ios " Collect]' nstalir:: jrt I: 4.6 j .L '? ' 40 38 . 40 42 42 39 50 58 66 57 40 57 71 69 80 72" 66 70 GO 56 75 72 81 74 69 75 52 ' 59 63 57 55 71 69 80 71 65 69 35 62 • 67 63 57 29 33 45 40 56 ;e occounts Dec. 1943 19-14 52 !']. * -..Collecttors during r.onth o s per cent of accounts receivable at beginning of Note: r.on-th. . . • .These data are based on reports of «bout 475 largo department stores rsportir.r: sales hy type of transaction, no re than 400 having charge accounts and about 500 having instalment accounts. Back figures m a y be obtained on request from, the D i v i s i o n of R e s e a r c h and S t a t i s t i c s .
