Full text of G.17 Department Store Credit : January 11, 1962

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a. 17

.

January 11, 1962

.jZPAET^Sil STOKSfcEEDIT - NOVEMBER I96I

-

Instalment accounts receivable of reporting.department
• stores were 2 per cent higher at the end of November than at
• the ei$d of the preceding m a t h , and continued^ above year-earlier
levels. . Collections on these .accounts -were 17 per cent of"the
amount outstanding at the beginning of the month. '
Charge accounts receivable rose 9 per cent in November
and were little changed from a year earlier.-' Collections on
these accounts were %9 per cent of outstandings at the b e g i n n i n g
of the mcnttu
•
Sales &t reporting stores.increased -seasonally in
November, and-were 6 per cent above the volume-an November. 19'60.
Changes in Department Store Sales and Accounts Receivable

.
,- - - .
1
,1 1 ere en t age Increase or
. decrease (-) from:
- Month
j
I ear
ago
!a so

Item

Sales during month:
.

Total
Cash
Charge
• Instalment

'

Accounts receivable, end of.month:

'

|"
18
|;
.22
I . 16
• j ,'14

Charge
j
-Instalment!• •

j

'

6

6

5

:

9
2

• 14

' .

6

•

Collection Ratios and Percentage Distribution of Sales

Item

, .

I Nov.

1 T
Collection ratios, l/: - ' Charge- accounts
:
•
• Instalment accounts
Percentage distribution of sales: -Cash
.*
Charge
• Instalment




• Oct. /I Nov.
I96I
I960

" 49 '
I? y
42.;
42
16 -.

.

48
;48
16 '
" 15z
4l
, '42
43
' 43
16 -v . 1 5

•

DEPARTMENT STORE CREDIT - NOVEMBER 196.1
Sales "by" type
Percentage increase or decrease (-)
Total sales

Reserve
District

Month
a^o

Cash sales
Month
a do

Charge-account
Bala a
Month
ago

Instalment
Bales

Month

' Boston
•"New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago ; :
St. Louis
- Minneapolis --' Kansas City
.Dallas
"Ban" Francis GO
N.A

not available
Accounts receivable,V end of month
Percentage increase or decrease (-)
Federal
Reserve
District '

1 Charge .accounts. • Instalment
Month
Year.-. \ Month-- .•|. Year
a^o
- ago - &%o - i ' a^o

Boston
1
7New York
10
. Philadelphia
' 14"
• 3
Cleveland
.13: • -5 '
Richmond
" 0
' 7.
Atlanta
-3; :
5
Chicago
2
i
St. Louis
0
•o
Minneapolis
•4
•5.
Kansas City
• v •
-1 •
Dallas.
-3
-9
San Francisco
- v> 1
.. 9
'
' i




K

. * 2- "
4 .
0
-2 .
• 3 .
• 4
.18 :
2
-. .3' •
: :/
y 3\S'. :•
.1
2.
4
- 4
0
1
2
19 • « 3
.
7 '
2
• 5

-