Full text of G.17 Department Store Credit : February 7, 1964

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1 1 1964
^.

G. 17

February 7, 1964

DEPARTMENT STOREi CREDIT - DECEMBER'1963
I n s t a l m e n t a c c o u n t s : r e c e i v a b l e a t r e p o r t i n g department s t o r e s
shov?ed thfe u s u a l s u b s t a n t i a l i n c r e a s e i n December.; These a c c o u n t s x j h i c h
throughout t h e y e a r had been s u b s t a n t i a l l y l a r g e r tKan i n 1962, were 9 p e r
c e n t h i g h e r a t t h e c l o s e of 1963. .Collections- on t h e s e accounts r e t u r n e d
t o t h e October r a t e , one p e r c e n t a g e p o i n t above t h a t iri December 1962.
Charge aiccounts r e c e i v a b l e were about o n e - t h i r d l a r g e r a t t h e
y e a r - e n d t h a n a month e a r l i e r , f o l l o w i n g t h e - customary s e a s o n a l ;patt.ern.
Small y e a r - t o - y e a r g a i n s have* been i n d i c a t e d throughout most of 1963.
The December expansion* t y p i c a l i n b o t h cash a n d " c r e d i t s a l e s , ^
was e s p e c i a l l y marked l a s t year f o l l o w i n g a slow s a l e s month i n November;
I n s t a l m e n t s a l e s i n December were o n e - t e n t h l a r g e r than i n t h e corresponding
month of 1962, w h i l e cash and c h a r g e - a c c o u n t s a l e s showed s l i g h t l y ' s m a l l e r
year-to-year gains.
Department S t o r e . . C r e d i t
.. Accounts r e c e i v a b l e , end of month .
C o l l e c t i o n r a t i o s ^ 1/
Percentage increase
Percentage d i s t r i b u t i o n
or d e c r e a s e from: 1
Month ago Year ago Dec. ' 63 Nov. ' 6 3 Dec. 62 Dec. ' 63 Nov. ' 63 Dec. ' 62

Item
.

Charge

1

Instalment

I

14

•

9.

47

"

53

;

.50 '

43 '

50

57

49

50

48

18

17

17

Department Store. S a l e s
Percentage increase
or d e c r e a s e from:
Year ago :
Month ago -

Item

67

Total
Cash

,

Charge
I n s talment

/ 5
64
57

Percentage d i s t r i b u t i o n
Dec.'63

Novi T 63 .

100

6

45

43

3C .

39

39

18

' . 16

5
10

17

.

JL/ C o l l e c t i o n s , d.uring month as a p e r c e n t a g e of accounts, r e c e i v a b l e a t
b e g i n n i n g of month.
•/




Dec. ' 62
100

.. . loo. : . .

_7

45

.

DEPARTMENT STORE CREDIT - DECEMBER 1963
S a l e s by Type
P e r c e n t a g e i n c r e a s e or d e c r e a s e ( - )
Charge-account
Cash s a l e s
sales
Month
Year - Month
Year
ago
. - ago
ago
ago

Federal
Total s a l e s
. Reserve
^ Month
Year
• D i s t r i c t ~ . ago
ago
Boston
iJeu York .
Philadelphia
ClevelandRichmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas .
San F r a n c i s c p

31,
63;
63
60
6G
74
60
67-;
" 72
76
82
uo

8
9
6

-

5
6
3
6
4
7
"

4

.

Instalment
s a l e s :••=•
Month
Year
ago
ago

91 76
76

8
75
,7
63 :
9
10
6 ,
55
4
v 9
63
7
81
11
67
83
4
75
:•. 5
; 64
5
63
3
73
1
67
5
60
74:- ; 3
2
77
2
• 73
4
103
10
73
7
100
3 • . 85
3

'

8
55 .
10
54
13
66
12
6
42
54
.
5
53
11
41
-4
115
29
76
11
67 .
. 1
77
10

Accounts R e c e i v a b l e , end of month P e r c e n t a g e i n c r e a s e or d e c r e a s e (-?)
Federal
Reserve
District

Charge a c c o u n t s
...Month
Year
ago
ago

Boston
. Next York
Philadelphia
•
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y Dallas
San F r a n c i s c o •




35 ..
33 ?
37;
.34
28
24
25
42
37
38 .
.47;

I n s t a l m e n t . -Month
Year.
ago
ago

0 '\
.-1

; -5 •
. 0
" 3
3
1
2
7
1
4
. 2. .

•

11
15
14

3
17
9

9
16
5
12
16
.16
- 16
16

:

.
.

6
8
2,
-1
2
3 ...
11