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statistical

release

fftAL RE^.

/

c

-l7x

January 13, 1964

/
DEPARTMENT STORE CREDIT - NOVEMBER 1963

~
Infftfaiment accounts r e c e i v a b l e h e l d by r e p o r t i n g department
s t o r e s i n c r e a s e d 3 p e r c e n t in-November, a f a s t e r r a t e of. expansion than
i n E i t h e r cftsjfhe two p r e c e d i n g months. Througho&t 1963 b a l a n c e s on t h e s e
accounts have been s u b s t a n t i a l l y l a r g e r t h a n i n 1962. The r a t e or c o l l e c t i o n
on t h e s e a c c o u n t s dipped i n November t o approximately t h e satiie r a t e as a
year e a r l i e r . ^ '
•
. * "
'
'
• Charge a c c o u n t s , which c u s t o m a r i l y show a marked expansion during
t h e l a s t two months of t h e y e a r , i n c r e a s e d l e s s t h a n i s u s u a l i n November
t h i s y e a r . These accounts w e r e . b e i n g c o l l e c t e d a t about t h e same r a t e as
i n October and s l i g h t l y f a s t e r t h a n i n November 1962.
Both cash and c r e d i t s a l e s , s h o w e d somewhat l e s s t h a n t h e
customary sharp November gains.- . , I n s t a l m e n t s a l e s continued i n l a r g e r
volume than a y e a r e a r l i e r , b u t cash and charge?account b u s i n e s s f e l l
below 1962.
Department Store Credit
Item
Charge

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 P e r c e n t a g e d i s t r i b u t i o n C o l l e c t i o n r a t i o s 1/
. o r d e c r e a s e from:
1
Month ago. Year ago Nov.. ' 6 3 O c t . ' 6 3 How'62 Nov. ' 631 Oct. 63 Nov.' 62
49
5J
50
.45.
43
43
57

Instalment

57

55

17

17

IB

Department S t o r e "Sales
Item

-Percentage increase,:
or d e c r e a s e from:
Year ago
Month ago

Percentage d l s t r i b u t i o n
Nov. ' 62
Oct. ! 63
100
100
100

Nov..' 63 •'

Total

13.

-4 ;

Cash

18

-3

43

41.

42

8

-7

39

41

41

Charge

18
18 1
11
Instalment
1/ C o l l e c t i o n s d u r i n g 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.




17

DEPARTMENT STORE CREDIT - NOVEMBER. 1963
Sales"by Type

'

Percentage i n c r e a s e or decrease ( - )

Federal
Reserve
District

Total s a l e s

Month
ago
Boston
15
Net? York
7
Philadelphia
23
Cleveland " '•
21
Richmond
9 .
Atlanta
14
Chicago
s .
St. Louis. •* j
12
Minneapolis
1
Kansas City
14
Dallas
11
Sr.n Fvaricisco
12

Year
ago
-6
-7
-7
-4
-3
J
-1
-6
6
-3
-2

Instalment
Charg e-account
: sales
sales
Year
- Month, Year
Month I Year • Month
. ago
ago
ago
ago
ago
ago
27
6
• -2
••-5'
16
-8
13 .
-1 .
-9
-9
4
. o .
20
31
-7
18
-9
0
.-6
22
16
-3
0
-3
-5
19.
1
V
12
20
2
-3
-9 31
• -4',
. 3
14
2
-9
7
-6
-4 ,
15 ,
11
-7
0
-12
7
- 2 . • -1.5
22 . - 1
-1
S
-4
12
-7
17
10
15
-3
. -3. .
9
-4
15
0
7
5
.
11.
" "7 1
Cash s a l e s

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
Boston
i'lev; JSfork „
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas '
San Francisco




Charge accounts
Month
Year
ago
ago
• ' -1
.
-4
-6
-3

3
4
9
8
5
-3
7
4
7
7
8

-

•

4
7 •.
- 1 -*•
5
1
2
4

. Instalment
Year
Month
ago
ago
• 2.
'• 3 •~
5
4
2
4
2
;
2
4
1
Q.

2

3
19 "
1
6
1.
1
T5 •"
0
2
" 9