Full text of G.17 Department Store Credit : January 7, 1960
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTM G.l? January 7, i960 DEPARTMENT STORE CREDIT - NOVEMBER 1959 | n s t r l r a c n t account r e c e i v a b l e s a t department s t o r e s i n crc 2scd I4 p e r ccnt during November 'and vere 16 per cent above a year ago. Payments on i n s t a l m e n t accounts uere .15 p e r c e n t of ^ o u t s t a n d i n g s a t the beginning of' the month. Charge account r e c e i v a b l e s i n c r e a s e d 11 p e r cent during November onti vtrc 7 per cent above a year ago. C o l l e c t i o n s amounted to 1[8 ocr ccnt of o u t s t a n d i n g s a t the" beginning of the month. T o t a l s a l e s a t r e p o r t i n g s t o r e s were"7 p e r cent"above the preceding month and 5 per c e n t above November 1958. '* Changes i n Department Store Sales and'Accounts Receivable Percentage change from: Month Year ago ago I tern S a l e s during month: Total . . . Cash Charge Instalment • •. , • • • ; Accounts r e c e i v a b l e , end,of .month: • Charge Instalment- > 7 + 10 + 6 + 3 + '5 + h * 5 >10 +11 + 7 +16' - C o l l e c t i o n R a t i o s and Percentage D i s t r i b u t i o n of Sales Item Collection ratios l / : ' Charge accounts I n s t a l m e n t accounts , Percentage d i s t r i b u t i o n of s a l e s : /Cash ' Charge Instalment \ Nov. , 1959- Oct. .1959 hQ . 15 . ' hQ 15 LL3 h2 15 h3 15; Nov. 1958 li8 15 / • . 1 / C o l l e c t i o n s during month as a percentage of accounts r e c e i v a b l e a t beginning of month. . h3 h3 lh • G.17 * - 2 - DYPAlT!Er?r STCBT 'CPT3T.T N0W1PER 19<9 Sales by type (Pcrcent";;e changes) : 4- 0 - 8 . +20 -11 ^ h + 8 * 7 -20 -10 " 3 t 2 . a Boston .'!• Turk Philadelphia Clevcl-nd Richr.ond Atl'ant-aCnica_3 S t . .Louis Ilinhc a p o l i s Kansas City Dallas San Francisco. " U. S. f o t " l Cash s a l e s Ye^r l ib nth ego ago— Total sales I o nth Year ago ago Federal Ac : •_ rv-: district . " 1 + L - h + 3 -12 I + 3 •> P !! ' + 5 ! + 10 | •- i : - 5 ! * 9 ! ! + 3 j + 3 . + 3 - 3 + 11 + 1 -13 It . + 5 • - 3 + 2 + s ! .+ L i + 15 + 11 + 26 + 13 + 9 + 15 + 3 -23 - 5 + 1 . - '1. +16 •> h + 10 ! Charrre-sccoant s-a c s Yc-ar To nth ago ago + li + 7 +17 + 10 + 7 -17 ! + 3 :'17 | > 6 j + 5 + h + 3 + 12 + 3 + 3' + 3 + 13 0 .+ 6 +5 o Accounts r c c c i v » b l , cnd of r.:onth (?erccnt~\o chanr:s) Federal Ch^rrre accounts Month 1 Year ago ago 1 District Instalnent Year I "o nth ' ?go ago ! Boston _1 "^r I p h i z Cleveland : j. cnr.o nd Atlanta Chicago St. Louis iinneapolis Kansas Cit%^ Dallas San Francisco + 3 +11 + 11 + 25 + 8 + 6 + -9 + 3 • + 3 + 5 + 9 + 10 U. S. T o t a l +11 c j ! ; ! ! !1 j ! - 6 + 5 0 " 9 - 5 '+ h + 9 + 6 + 1 2 +7 + 3 + 3 + h * 5 + 12 + 3 = + h + 2. + 2 + 2 - 1 + 2 + 2 + 7 + h + 3 + 1? + 5 1 1 : + 5 +, 8 + 7 + 6 + 19 - o + y +-ih + 16 Instalment s?lcs Yrar •*o nth pro ago + 2 0 + 1110 • 5 + h • • 6 -20 -19 + 1 - 2 + .7 + h - 6 + 6 + 16+ 5 - 9 + 10 + 13 -20 + 12 + 19 + 7 + 3 +10 I j