View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
. - J a n u a r y it, I9I4A1.
• : % S dsc - l b
DEPARTMENT- STORE- CREDIT
November 19^3'

. '

'

I n s t a l m e n t a c c o u n t s o u t s t a n d i n g a t d e p a r t m e n t s t o r e s on November $0
showed more t h a n t h e u s u a l s e a s o n a l r i s e from t h e end of O c t o b e r , b u t were, 30
p e r c e n t below t h e y e a r - a g o l e v e l .
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 cont i n u e d t o i n c r e a s e i n November, and t h e c o l l e c t i o n r a t i o remained a t t h e O c t o b e r ,
l e v e l o f 37 p e r c e n t .
I n s t a l m e n t . a c c o u n t s w e r e o u t s t a n d i n g , on t h e a v e r a g e ,
a p p r o x i m a t e l y f o u r months a's compared w i t h a b o u t s i x months i n November 19^2.
. Charge a c c o u n t s r e c e i v a b l e i n c r e a s e d by somewhat more' t h a n t h e u s u a l '
s e a s o n a l amount i n November, and a t t h e end o f t h e month were above t h e y e a r - a g o
l e v e l f o r t h e f i r s t time t h i s y e a r . C o l l e c t i o n s on c h a r g e a c c o u n t s r o s e 11 p e r
c e n t d u r i n g November, and t h e c o l l e c t i o n * r a t i o r e a c h e d a new h i g h - l e v e l o f 66 p e r
cent.
The a v e r a g e p e r i o d c h a r g e a c c o u n t s were o u t s t a n d i n g in.November was a b o u t
b5 d a y s , a p p r o x i m a t e l y two days le s s t h a n i n November I9I4.2.
Both c a s h and c-rudit s a l e s shoiWd s u b s t a n t i a l g a i n s o v e r t h e October
volume, r e f l e c t i n g t h e e f f e c t o f e a r l y C h r i s t m a s b u y i n g . Cash, s a l e s , which c o n t i n u e d to a c c o u n t f o r more t h a n t h r e e - f i f t h s o f t h e t o t a l f o r t h e ' f i f t h c o n s e c u t i v e month, were 30 p e r c e n t above t h o s e f o r t h e c o r r e s p o n d i n g month l a s t y e a r .
The d o l l a r volume of c h a r g e - a c c o u n t s a l e s i n November was II4. p e r c e n t l a r g e r t h a n
a y e a r ago,
.•
-'
- -• 'D e p a r t m e n t - S t o r e - S a l e s , - Accounts R e c e i v a b l e - and C o l l e c t i o n s
" P e r c e n t a g e change f r o m :
• Novembc r 1%2
O c t o b e r 19b3to.
to
'
-November .1943
November I9Z4.3 ,
S a l e s d u r i n g month
'
+ 12.
Cash
+ 30
+
h
+ 10
Instalment
Charge a c c o u n t
+ 13
* lh'
Accounts r e c e i v a b l e , end o f month .
.+• 8
I n s t a l m e n t account's
; - 30
+ 11
+ 7
Charge a c c o u n t s
C o l l e c t i o n s d u r i n g month
-16
Instalment accounts
. •+• 7
+. 11
Charge a c c o u n t s
...
+ 3
R a t i o of c o l l e c t i o n s d u r i n g month t o r e c e i v a b l e s - a t b e g i n n i n g of month .
.. November •
19W:
Instalment accounts
Charge a c c o u n t s




Oc-tober
1943"

- -November
' 19^

37

37
65

- 29 .
6b

-

66

-

.

D e p a r t m e n t S t o r e C s h and C r e d i t S a l e s . ,
h y Fcd<;• r a 1 R s e r r e ' D i s t r i c t s

Cash s a l e s

Federal
Nov.

3octon.

; :

T

York

- M.ilaUelphia

'

CJ
land
• :Uc:r- :nd
;

162
157
189
105
190
2;2
' ' 181
187
190
210

2.10"
202

1 ,5ta

r'/ica/o

211
211
266

8... Louis
F l a n; .-apo l i s

Kansas C i t y
- Dallas

1-9

ll;6
16c
165
176
166
157
158

157

3.

210

Total

.

57
95

.
.

•

55
69
115
90

162

-

8k

' 91
105
'
97
• . 75
89
• 76
85
'97
96
76
67
100

ioZi
57
71
-G8
82
71
• . 77
95
55 '
• 96
5<li
.

- 9k

15L

256

266

92
115
102
'
75•• .
90

138
199
188

.

Saz: F r . n c i r c c
".

19a:

151
.176
' 212
211
219

. District

Oct.

19U3

Reserve

I n d e x e s : , 191:1 a v e r ; . .ge = 1 0 0
Instivlnent sales
No?,
Oct,
Nov.
i'ov.
19W
19 ^
w .

Ch

:

Oct.
19W

1942

111

ll(Q

108
108
126
117

10k

128
156
152

120
115
125
' 125
108
115
107
119
lii7
119

150

115

127

12k
.

sales
Nov.

- 121
121

152
li;l
'
!
155
1• I2p

90 - '

55

' ' - r G i : '- a c c o u n t

i.'ov,
19.L5

12k
115
111
H4
99

110.
119
117
115

• ' D e p a r t m e n t ' S t o r e 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 ,
by Feder" 1 r? - r~z- D i s t r i c t s

Federal

F-vf- r v e
.District

.

.

e n d of
.mts
C o l l e c t i o n r a t i o ' s *.
iaa>:•:<; n : :D'- r . - 1 , 1 '59 = 1 0 0
| C h a r j;e a c c o u n t s
I n s t a l : icnt
| O a r , : accounts
Invtalmont
O c t . : f v , . N:v/. O c t . ;jo v . F o v . O c t . Mo v .
Fa a . O c t . : . o v .
] % _ 1 < : l 9 ' - 5 1 - ^ 2 ' 1 9 ^ 5 1 9 ^ 5 19.'i2 1 9 ^ 5 1 9 ^ 5 19L2
1 9 ^ ; 19.^5

aC
York

Fail-->lyhia

.

Jl/
Ri'a.r.o : -a:

1.8

-Atlanta
f:-i?-.ro
Sa. Louis . .
F: n i v a l i s
Kansas C i t y
-Pallas
3an F r n c i ^ c o

55
52

57
.'•.0

51
5r

55

\'&

kt
"l

a7

!

71
aa
68
70
71

%
70
c7

i 71
! 6L
70, ! 66
7 6 - ; 69
' 08
70
81
71
60
76
70

66

rl.o
k? r
LL r' : ul

71
6?

c )

i 71
55
75,

'.a

OS

61

75

68
81

Tase

o-.'-. a r c

b.s..d or

r'.oorts

of

55
7

,.R

59"

'Ik

52
•52

71
07
72
61

69

55

• 29 •. . 2 9

Ml
ko
.

7

U
57

66 ,

70
70

ko

69

r - R i = -(I.
•*=.- c.:>-12ccti or.s c a r i n r - r ^ n t h a s p e r c c n t of
Fst'

71
69
71
71

70

57

:

r57
53
52
"54

26
•25
28

29

55

5k.

65
67

56
55
6!r
65

25

62

60

-5

59
' 7a
72
80

67
61
70

6k

r-36.

2o

59

29

7k

56
77
70
79
75
65
75

r57

29

66

65

k5
ho
ko

rait.

59
5L
65
65
59
55
75

57
50
54
31

-75

! 66

68
75

•
accounts at

p e r i n n i n g of

a b o u t L75 l a r g e

department

month.
stores

reoort-

i n " . ~ .1 -.by
t y r e of ti 1 a n s a e t i e r . , n o r . ; t h . m i;00 h a v i n g c h a r g e a c c o u n t s and
a";' -"U"'. ; C"j a ; v i n - i r s tal:v:'-nt a c c o u n t s .
Rack f i g u r e s n a y b« o b t u i n e d . on r e q u e s t - fbor. t\:- D i v i s i o n o f Ur. s - a - r c h -91c S t a t i s t i c s .