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'%
DU-.RD Or GOVERI^ORC ' Of THE. FEDERAL RESERVE SYSTEL
0.-17.5

January 8 ,
DE?ARTh2]KT S I 0 1 $ . . CREDIT

.

N0\GiuBER"l946' "

1947

' '

"'

, .

I n s t a l m e n t e c c o u n t s o u t s t a n d i n g ' e t department s t o r e s showed about t h e
u s u a l s e a s o n a l - r i s e i n 'November, and c o n t i n u e d around o n e - h a l f above t h e y e a r - a g o .
level.
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 were 8 per c e n t l a r g e r t h a n i n - O c t o b e r ,
t u t t>.e c o l l e c t i o n r a t i o vms unchanged a t .57 per. c a n t .
I n s t a l m e n t a c c o u n t s were
o u t s t a n d i n g , . o n t h e a v e r a g e , a b o u t f o u r and one rha. If . months, a " s l i g h t l y l o n g e r
p e r i o d t h a n i n November 1 9 4 5 ,
'
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 about, t h e customary amount, and
a t the- end of t h e month - showed a -56 p e r c e n t g a i n / o v e r a y e a r - e a r l i e 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 were up 6' per c e n t from Cot o b e x , ' but' t h e c o l l e c t i o n r a t i o ' o f
59 per c e n t was one p o i n t l o w e r t h a n i n , t h e p r e c e d i n g , month. ..Charge :. c c o u n t s were
c o l l e c t e d i n -approximately 5 1 days a s compared w i t h l e s s t h a n 45 days i n November
• last y. . r . •
'
. ..
Both c a s h e n d i n s t a l m e n t s a l e s showed p e r c e n t a g e i n c r e a s e s l a r g e r t h a n
are u s u a l i n Novei'Vber; c h a r g e - a c c o u n t s a l e s r o s e 15 per c e n t .
Cash s a l e s , - w h i c h
a m o u n t e d t o 57 p e r c-..-nt of t h v t o t a l "in November, were 10 per c e n t h i g h e r than i n
t h e c o r r e s p o n d i n g month of 1 9 4 5 .
The volume . o f c r e d i t s a l e s c o n t i n u e d s u b s t a n t i a l l y
above a y e a r a g o .
"
.
" •
- • ' ,
.
Department S t o r e S a l e s , 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
: Percentage
change from:
October 1946 November 1945
to
^ .
to
:.ov;.mbur 1946 November' 1946
+10
+46
+41

+19.
Instalment

.

.

.

+15

Ch- rg'; a c c o u n t
A c c o u n t s r e c e i v a b l e , end o f month
Instnlr.ent accounts
"
Charge accountQ
.

.

,

.i

j

+51
+56

+13 - ' • '
+15 ;

'.

C o l l e c t i o n s d u r i r . g month
Instalment accounts

+ 8
+ 6

Chirge a c c o u n t s

+39
+38

' .

- 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 a c c o u n t s r e c e i v a b l e a t b e g i n n i n g of month
. Nov,
1946
Instalment b ccounts
Charge a c c o u n t s


Lots, : F i g u r e s f o r November 1946


• Oct.
1946.

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