Full text of G.17 Department Store Credit : February 7, 1946
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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 - : r . | , !December 1945 ! December 1945 ' : | ; •l • • '.. •: :. " .! . P e r c e n t A ge . c h " n g e frnrns •! November 1945 . De c ember 1944 j ;v-- t Q 1 to ! ' +31 !-: +24 1.' ! ' +16 +27 1. j : 1 r j ' +10 +4 +12 1 +4 +13 +3 + 4 ' 0+10 3 m t i o of c o l l e c t i o n s d u r i n g month t o Account's r e c e i v a b l e o t b e g i n n i n g of month 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 - 2 DSPtRTKENT STORES - DECET'BSR 1 9 4 5 •»ni C r e d i t .5os ton ' 537 lev; York 314 '570 343 2:5 by F e d e r a l Reserve D i s t r i c t s I n d e x e s ; . 1 9 4 1 n v e r ° - e = 100 eg i Instilr 1 '>0 , ! D e c . 1 If-it ! 1945n : : > c . - ">c t 1 I-Tov. ' i.-i-r .' 1 9 4 5 n ! 1 9 4 5 Nov. 1345 1945o S«lee, "b"> ' ' f l e - e l f nd' i „ 317 3-43 j i 258 270 360 2? 7 285 303 ! I '. !! 1 1 ! = 358 r333 Accounts :• - - 1 I I I I | " 108- 106 127 136 84 120 : " r- i c 176 167 ' t 90 99 132 92 92. 116 82 177 192 198 209 187 271 223 I 172 ! 157 i 169.' 162 1 153 !. 1 1 211 1 1 1 r 179 1 1 104- 204 165 104 112 by -Federal Reserve ! 1 I ! 1 I 1 : ! ' 1 1 '! | 185 181 159 173 176 189 178 230 192 181 Districts 11 I r . r tn I r e n t • \ C h « T p * "CO ^ u n t a ' Dec . D e c . i D---C . 1 - o v . ' D%-c. !1945o! 1945 1344'1145c11945 '1944 ! ! ; • ! 58 ' . 53 136 : 20 3 1 ' 32 1 54 ' 55 ! 120 ! 2 5 ! 34 53 ' 53 ' 36 ! 53! 67 | 141 ' 42 1 3 5 I 58 1 33 133' 4 0 ' ' 35 1 5 9 ! 66 ! 59 30 1 125 ! 3 3 ; 25 1 52 1 6 0 ! 52 37 ! 35 ! 35 ! 4 3 1 54 I 123 i 51 123 ' 45. ' 52 1 6 7 ! 45 I 73 ! 72 157 ! :3 ! 49 ! 45 r 6 7 1 72 1 6 9 123 ! 41 ' ! r 5 1 ! 4 1 79 ! 61 ! 80 117 : :3 i . u s ' 51 75- 1 69 ! 71 127 | 35 1 35 ! 4 1 07 1 67 64 I 12 5, i 69 1 7 6 ' 1 6 9 -7 [ . a . cunts i Do c : ! 194." ! ! 195 ' I 1' (. ! ! ! 109 83 109 131 * 128' ' 1 ! ! 30 Of OCC o ' : n t s :-d- - o n r : r c r t ? O f . " r t 75 In t h - n i 00 h" ck - f i~' - r - s ! 1 r76 ' d i n . , : , .- n d o f ; m o n t h | : A r c o u r 13 i\: ! -' x / . ; . .14'41 a - ! " 1 r % . = 1 0 0 - I n s - " 1~. •r t S Oh"rgc "cc ' c . i Dec. !::ov. - Diroriot |1945D- 1345 ' 1944 i 1 9 4 5 o ' 1945 I • -• „ - - . j * ": / 4 0 ' 4 5 ! 14 5 U ;; 4 7 ! 3 2 1 137 105 ; : 120 1 5 i • 4 0 : 50 1 1 3 1 .41 .115 ' IfO 4 6 : r s - 1 3 7 . 109 • - '4 5 ' 50 ' 133' - 52 111. : :c- 33 1 150 - 11? ; 3:, I is 3 ? : 45 : I :4 115 ;• • r " I r f 4 ' 3 1 i 13-: ! 104 r.rinr.---" r o l i s 1 53 ' 4 " ! 4 5 ' 123 ! 103 ;r- ' • : 5 1 4 0 . ' 1 5 0 ! 120 33 33 r - - -co 40 ! 145 I r l l O i 1 !. : .4= : • l ! -o ! 144 1 . 1 1 3 1 ! 1 i 1 r i-r.in- r ; . \ r - " • v : ~ :. * - - o 11 • c t i o r t : r i : o - -.0 n tii " :s p- r c e n t " ^ n Dec, 1944 101 81 ' 102 133 116 107 116 80 - e c e i v r - ' - l e «nd C o l l e c t i o n s , ! | 1 1945 . 95 ! : 191 1 • 101 I ' 146 1 113 1 • 1 2 7 ! 1 9 0 , 149 ! 111 I 1 3 0 207 ' 1 173 ! '88 1 77 ! 170 215 1 ! 121 ! n o 167 199 311 273 3&3 314 342 233 313 326 3158 423 5%) ,07 3 . Phi 1" 236 ' ' | M ov. I r40 ! ! 37 1 1 ! 61 "t ! ! 0.7 1 1 b-vc-inninf 62 ' of rrt s t o r e s r r - r or t i n g h f r gr. " c o o n n t s "nc i " b o u t o v t " i n - d o n roan-:
