Full text of G.17 Department Store Credit : January 8, 1947
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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. 37 59- 57 60 are p r e l i m i n a r y and s u b j e c t t o r e v i s i Nov, - 41 67 :zy;.RT:z::T : = c h a n d C r o d i t __ rtric: ^-5 : -I'"-- : • 15 5 ; ! :•••:••• : 2 : - ' ; : ^--: : ;• : 5 22 5 236 .2 74 2 59 2 70 550 2 54 2r5 •512 555 - 25 ; . ; 26c 32-7 ? - I i j , ' 5 5 i ! : : 1 b y ::c-vE:..BER F c d - t - r f 1 ! i ; ; ; , ! ! j 271 155 145 141 15 5 " 154 10-r -.-i7i 175 lcl i-:. 12 1 - i5 0 ." 1-istrict i 1. - - O : : ^L^l^yiynic. . ! i FicOr.nd' O L c i r : 5:'. Lcuis F i n n ^ c . p :l i s Funrc..: Jit;. . 5; li s ' 5r n 7rcr- clrcc ' • : i- ^ ;: rr, i i ! i i 55 i i ; .. ^ 71 • r 5 5 •=i ; r ] j lis > 4 : ! i? 55 5 0 ; i :: C? i 3 . ' ei i - -1 ; •'' •- ! :7-: -53 154 155 152: 162 15 7 ! 175 • 155 ; ; 175 ; HI 121 109 81 - 109 136 95 112 75 115 l O v • 3'.: ; i i i i ; i 145 ICO 163 K5 in M7 154 14 5156 ! 'tk"c - r : d r . r . r - .e v r p; cf-t-ruzisactir r D i v i s i o n c F u s •! i j i | I , j : | | - u c c u n t .94C i 9 2? 4 8 230 0 297 :: r - : I i | ' 205 209 52 0 158 210 211 : 12 155 120 110 ' 1 55 154 211 175 1G5 I ! 1 1 5 . .; .1 -.3 41 4 5 52 t e r ; c ) - r u t 4 7 [ r;, r r : t].r.n r.cc:untr. l uck : % a r c h i n ^ S t c - t - 1 ; ; ; 55 50 46 H ; j 65 70 C 9 55 7 57 71 72 64 61 | 59 •30 H --o ! os 37 5.G. . 3 7 ; 7 5 ,51 -:7 .35 2 5 ' 57i i | ^- C 'i i'cL 9 l 4 • 4 5 4 - f. j '•••urti; ^ 1 5' . 1 i :"7 55 51 1 I ! 54 5 •i 0 j 157 172 157 IcO 1G2. D i s t r i c t s ^ , 173 170 202 rr-1 For 2 7 55 5 5 7 ' 215 5 l i . c t i o n r L 4 : i •" " t' j':: - t i -- r v 0-t. ;2 9-x 0:; 1 9 4 c I K 155 115 115 155 11-. 11.: ii.. | 14'G 149 152 20C 240 233 i - 104 C12 209 233 : ; ' 86 4 , j j : 1 1 L 12 ! i , L':7 | .. . i " ! •-••' 5 ; ^ : ro 1 3,i ! 5 5 i 2 /' - .. 101 - 7 : D i s t r i c t s r 1 j 103' j 12 2 ; 125 107 , 1-3 : -112 I 1 •it' 159 1 F, . R e s e r v e f vc-rc ' 160 I - i "' c i F_. i^rc%l 1345 Ir.de ~ . J.X-T,n c . r c v , C •I: nsta Ir.o: 7 T.CVa 1 :.cv = | 194 Gp : 1 :i : •':Lf l i - : : i : 2; i i 2 74 ; 124 2 5= 22? 24 1 - 194.1 . i 2-e 2=6 i : : S f . l c - s , c — . i s:c-R3E 194 5 53 56 . . 67 55 ! GO | 54 • 74 72 - 81 75 67 ' 76, 67 i rve'-'.-i-vaLlT. at l op-inning of I c r r ? d . p : .r t : r o r . t s t o r e s r o p o r t 405. hcvii.r chrr^-5 accounts Lr.d i i .-ure:: rir y 1--5 ol t&irud on r^i r t i o s .
