Full text of G.17 Department Store Credit : January 8, 1954

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.17

"

January 8, 195b

DEPARTMENT STORE CREDIT - NOVEMBER 1953
Instalment accounts outstanding at department stores
continued upvrard during November, as is customary for this time
of year. Balances outstanding at the end of the month were It
per cent above the preceding, month -and 13. per, cent abdve a., year
earlier. The November collection ratio for instalment accounts
was 15 per cent, one point below the October ratio.
An increase in charge accounts outstanding, largely
seasonal in nature, brought month-end balances to a level 11
per cent above the preceding month. Compared with a year ago,
charge accounts outstanding-were up 6 per cent. 'The collection
ratio for November, estimated at b7 per cent, -was one point
below a month-ago„
All types of sales at department stores increased
from October to November — cash sales by 9 per:cent, chargeaccount sales by 10 per cent, and 'instalment sales by 1 per
cent. Compared with a year ago, charge-account', sales were up
5 per cent, but cash and instalment sales were down slightly.
Changes in Department Store Sales and Accounts Receivable

II

Percentage change from:
Nov. 1952
to
:
Nov. 1953

Item

Sales during month:

+ 8.
+ 9
+10 •
+ 1

Total
Cash
Charge
Instalment

Accounts receivable, end of month:

•.

+2
- 1
+ 5
' - 2
+ 6
+13

+11 •

Charge
Instalment

.

•

+ h

Collection Ratios and Percentage Distribution of Sales
Nov.
1953

Item
Collection ratios 1/:

Charge accountsInstalment accounts

Percentage distribution of sales:

Cash
Charge
Instalment .

hi

15:
U.6
a;
• 10'

Oct.
. 1953
:

Nov.
. 1952
18
. 17

is
F6
U6
L3
•11 .

.

k7
U2
11

1/ Collections during month as a percentage of accounts receivable at beginning of
'-

month.



.

.

-G.17
...

Federal
reserve
Listrict

. -2. DEPART: YNT STCRE CREDIT - NGVEI3ER 1953
Sales by type
(Percentage changes)
.
Instalment
Charge-a c count
C a sh sales
Total sales
sales
sales
Cote 53 I :OV. '52 Oct.'53 Nov.'52 Get.'53 Nov.'52 Oct.'33 Nov.'52
to
to
to
to
to .
to
to
to
Nov. 53 Nov. '53 ::ov.'53 Nov.'53 Hov.i53 Nov.'53 Nov.'53 Nov.'53
+11

Lev: York
"Philadelphia - .
Cleveland.
Richmond
Atlanta
Chicago
St." Louis
Minneapolis
Kansas City
Dallas
San franciscc

+ h

+18
+12
+ 6'
+ 2
+1:
+ 6
- 9

+ h
+ 1
+11

+ 1
+ 1
+ 2
+ 2
-1
+ 5
+ 3
-r 5
- 1

+ h
0

•+15 .
+ 5
+22
+13 .
. + 8
• + 1 .
+ 9

+ 2

a

+ 1
0
- b
- 3
+ 2
• 0
-0
- li
- 1
- 2

- 1
+ L.

'• +10
+ 6
+18
+12
+ 7
+ 5
+15
+ 8
- 8
+ 5

+ h

.

+ 1

^

- h
- L
"+ 5- 1
+ 3
- 5
- + 6
+ 5
+ 5
- 1
+ li
~ h
• + 9
- 3
+ 8
- 5 .
+ 9
-23
+ 3 ,
0
+10
- 7
+ 8.
+ i

-13
+ 3
- 3
- 6
- 9
.0
+ h
0
+ 7
- h
-13
+ 6

U. 5. Total

+ 8

+ 2

+ 9

- 1

+10

+ 5

+ 1

- 2

l!u:rb.er of stores

550

530

•530

560

5kL

51ib • j 5:6

5:6

Accounts Receivable and Collection Ratios

• Federal Reserve
District

..B:st:h
Nev; York
'• Philadelphia
Cleveland
Richrr.ond
Atlanta.
. .Chicago
-Sz. Louis
Yinnespolis .
Kansas City
Dallasosn rrancisco

-_ccounts receivable, end of month
Collection ratios 1/
(Percentage changes)
Instalment
Charge accounts
Instalment
Charge accounts
o r t T ^ J Hovr '^2 o ^ t T T H Hov.'p2 Nov. Oct. Nov.
to
to
to
to
1953 1953 1952 1953
I'ov. '53 OV. ! 53 Nov.'53 •Toy, ' 53
•i-10
+13
+ll>
+11
-r 9
+ 7
+12
+ 9

+5

+ 7
+10
+12

- 2
+ 6•
+11
-r h
+ u
• +

2

+ L
- + 1
+11
0

+ h

+ li-

+ h

+ 3
+ 3

+ 5

+ h

+ 5
- 3
+ i

+11

+ 8
+16
+ 5

+ 6
+10
+lu
+ 9
+10
+1U
+20-

16
15
39
US

13

• 38

55

52
52
5o

U5

k7

h6

.hh
5o

h2
37
57
52
55
52

8

hi
hh
hh
h?
h2

36
5u
•51
19

hs

lli
Ih
15
lU
13

18
18

111
11

ho

' 16

+5

+20

Total

+11

+ 6

:+ V

+13

h7

' 18

ii8

15

Kurncer of stores

175

U75

393

'393

L75

178

L85

393

+ 2

. 49

1/ Collections
during month as a percentage of accounts receivable at beginning
nonth.



.