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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 .