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50/\RD OF. GOVERNORS .OF THE FEDERAL RESERVE SYSTEM
- F e b r u a r y 7 , 194.6
R&S d s c - 39
G.17.3
'DEPART?'SMT STORS. C R E D I ^ r .
• DECEMBER 1945

I n s t a l m e n t A c c o u n t s o u t ' s t ^ n d i n ^ ' p t d e p « r t m e n t s t o r e s -showed, more t h n n '
t h e c u s t o m a r y s e " s c n n l i n c r e a s e i n D e c e m b e r , ".nd.were f o u r p e r c e n t h i g h e r t'h An,.
y e « r " f r o . ' C o l l e c t i o n s on i n s t a l m e n t a c c o u n t s ' r o s e s l i g h t l y , , r e s u l t i n g i n
• c o l l e c t i o n r « t i o of 36 p e r c e n t , f»s compared w i t h 37 p e r c e n t l " s t y e n r . .
»
The e v e r Age ' p e r i o d • i n s t a l m e n t p c c o u n t s ' v f . e r e " o u t s t a n d i n g yr#s A p p r o x i m a t e l y f o u r
«nd o n e - h " I f month's ,• About t h e snme ,«»ver«ge AS., f o r December 1 9 4 4 .
0

C h a r g e " c c o u n t s o u t s t a n d i n g i n c r e o s e d b y more thAn t h e U S U A 1
seAsonAl « m o u n t , "nd w e r e 13 p e r c e n t Above t h e - y e n r - ? g o l e v e l .
Collections
on c h a r g e a c c o u n t s showed A s m » l l i n c r e a s e d u r i n g , t h e m o n t h , «nd c o n t i n u e d o n e tor, t h l a r g e r t h » n A ye®r e a r l i e r .
C h « r g e A c c o u n t s -were - o u t s t A n d i n g ApproxirriAtely
4 9 ' d A y s , " b o u t t h e . srme l e n g t h of t i m e AS f o r December 1 9 4 4 .
Both c"'sh "nd c r e d i t s« l e s s h o w e d ' " b o u t t h e u s u " 1 seA.sonA 1 e x t e n s i o n
f r o m November t o D e c e m b e r . . The do 1 i« r .volume, of c.Ash s a l e s , w h i c h - c o m p r i s e d - '
64 p e r c e n t of t h e t o t A 1 , reAched A new h i g h , e x c e e d i n g t h e peAk l e v e l of 1 A s t
y e o r by t e n ' n e r ' cent'.- • I n s t a l m e n t s » l e s . g» i n e d . s l i g h t l y o v e r t h e y e A r - p - ? r i o d ,
w h i l e c h A r g e - " c c o u n t S " l e s • r o s e 12 p e r cen.t.
.
• D e p o r t m e n t S t o r e S « l e s , A c c o u n t s R e c e i v a b l e . And C o l l e c t i o n s

'
........
.;

S a l e s d u r i n g month
C a sh
Inst"lnent
C h a r g e ->c c o u n t
" . c c c u n t s roceivAbleV.- end of month
Ins-tA I m e n t " c c o u n t s '
C h a r g e Accounts .
;
C o l l e c t i o n s du r i n g month
I n s tA l r . e n t A c c o u n t s
C h a r g e Accounts

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!December 1945 ! December 1945

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Dec.
1945
I n s t a l m e n t Accounts
ChArge A c c o u n t s •
Notes

Nov.
1945

Dec.
1944

36
61

r40
67 •

3-7
62

F i g u r e s f o r - December 1946 • n r e ' - p r e l i m i n a r y And s u b j e c t t o r e v i s i o n .




1

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lev; York

314
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178
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11

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1944

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