Full text of G.17 Department Store Credit : January 9, 1943

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BOARD OF GOVERNORS OF TK3 FEDERAL RESERVE SYSTEM
January 9, 1943
R&8 dsc - 2

4DEPARTI.31:T STORE CREDIT
>

November 1942
At department stores both instalment and. charge accounts
outstanding showed little change in November and continued substantially. below the year ago levels. • Collections on instalment
accounts. declined 3 per cent in November, but. the ratio of collections to receivables at this beginning of the month'remained
unchanged fet 29- as comparted* with 19 in the corresponding month
last year,.- Collections on . charge accounts rose 6 per cent in
November, resulting in a collection ratio of 63, 14 points above
that for a year ago.
Collection ratios and indexes of accounts receivable by
Federal Reserve Districts are shown on page 2.
Department Store Accounts Receivable and Collections
Percentage change from:
October 1942 November 1941
to
to ;
November 1942 November 1942
-

accounts receivable, end of month
'Instalment accounts
Charge accounts

+ 2
+ 1

*•40
-24

Collections during month
Instalment accounts
Charge accounts

- 3
+ 6

.

-11 .
- 1

Ratio of collections during month to receivables at beginning of month
November October November
1942
1942
1941
Instalment accounts
Charge accounts

29
63

29
65

19
49

-2-

Department Store Accounts Receivable and Collections,
by Federal Reserve Districts

Accounts outstanding;end of month
Collection ratios*
Indexes; Dec. 31, 1S39 = 100
Federal Reserve
Charge accounts
Instalment
Instalment
{^Charge accounts
District
Nov.. Oct, Nov,
Nov. Oct. Npv, Nov, Oct, Nov,
Nov. Oct, Nov,
1942 1942 1941
1942 1942 1941
1942 1942 1941
1942 1942 1941
Boston
Mew York
Philadelphia
Cleveland
Richmond
Atlanta
Chi cago
St. Louis
Minneapolis
Kansas City
Dallas
San Fr.ancisco
U. S. Total

58
71
55
68
70
71
56
70
81
71
68
77

59
69
54
69
69
72
r
56
68
81
67
70
71

102
112
100
121
106
123
99
121
103
114
137
112

71
69
71
71
74
71
67
72
57
<?9
70
69

. 66

65

110

>70

88
71
90
67
92
68
92
69
70 102
98
70
88
65
98
74
89
61
84
69
r
96
70
95
74
69

92

28
29
25
23
38
30
29
31
26
29

29
29
25
23
37
30
29
30
25
30

17
19
20
20
17
15
23
20
20
19
14
18

29

29

19

26 , 27
26
25

62

61
62

53
66
66
59
55
75
68
83
69
61
71

49
45
48
50
40
37
57
53
53
51
43
50

63".

65

49

59
54
63
65
59
53
75
68
79
67

* Collections during month 'as par cent of accounts at beginning of month,
r-Revised.
Note; These data are based on reports of more than 400 large department stores
having charge accounts and about 300 having instalment accounts. Back
figures may be obtained on request from the Division of Research and
Statistics.
'