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release

- Qipl'
July 12, 1965.

G.17
DEPARTMENT STORE CREDIT - MAY 1965

Instalment accounts receivable at reporting department stores
- registered the customary moderate' decline in May but at the month-end
were still about 8 per pent larger than the corresponding figure for 1964^.
The collection ratio remained at -17 per cent, of the first-,ofrmonth re^ 7—
•ceivables, about the s j j e rate as a year ago. - • " •
aoi
'
Charge ac'count balance's lAiich. usually ^expand moderately in May, .
showed increases over the mr.nth-earlier and year-earlier 'figures. These .
accounts were paid off at a slightly accelerated- pace in-May.
Following two very active sales mohths, both cash,and credit „
sales were down somewhat in liay. ^ A year-to-year comparison;,\ however, shows
continued expansion, with considerably largerj-gains in the instalment component than in either cash or charge business. - •
'
' Department- Store Credit
Accounts receivable, end of month
.
Collection ratios 1/
Percentage increase
Percentage distribution
or decrease from:
Month'ago' Year ago May '65.Apr;'65 May,, y 64
[May ,r65 Apr. 165 May. .hbk

Item

Charge
Instalment

y
-

,

-1

.
8

61

40.

38 :

39:

•

.

"

62

60

f.V
17

48

47
. 17

Department -Store 'Sales .
Item
Total .

Charge
Instalment

-3
•

Mav ' 6 "
'5
100

4

-3

Cash

• Percentage^ distribution

,

•3.

-5

,

-3

.
.

•
:

•v
10

!

Percentage increase
or decrease from: >
•
Month ago"'

'
Anril '65^ • Mav '64
100

. -

"100
43

43.

\

.!:
18

•
-

39
•

•

18 " .

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




^

17

,

.

.G.17-

-2—

DEPARTMENT STORE CREDIT - M Y 1965
Sales by Type
Percentage increase of decrease (-)
Federal
Reserve
District

Total sales
Month
ago.

Boston
Ifew York
Philadelphia
Cleveland
Richmond -Atlanta
Chicago
St. Louis
Mihneapo 1-is_ - •
Kansas City '
Dallas•
. San Francisco-

- 6
-

2

-

2

- 8
- 1
-

8

3
- 3
-13- 5- 5
- 4-

Year
'

2

Month
• ag6
8

5 '

.

Cash' Wales

-

4
4
4
5
f
5
-1
-3
-3 2.

'

6.

2

- 4
- 8
- 3
-

.8

5
- 3
-24
• - 7- 6
- 2

Year
. ago.
4
- 1
;
5 '
5
2
4
5
0
-14V
- 3
1
.7

Charge-account
sales
Month
Year
ago
ago
• 5
•1
0
•9
- 1
• 9
7
. 2

41
3
7.

:3
5
0
0
2
-1

•3
•3
• 1
. 6

-2

-1
. 2..

-3 .
-4.2

Accounts Receivable, end of month
Percentage increase or decrease.(-) .
Federal
^Reserve
District
Boston New York
- Philadelphia
Cleveland .
.
Richmond
Atlanta
'Chicago
St. Louis
Minneapolis
Kansas City
Dallas
;
San Francisco




Charge. acco.un.ts.. . Instalment
Month
Year
Month
Year
ago
- -ago
ago
ago
. 2
.
4
2
1
4
1
5
5
4
5
0
5

;

: .4
.1. .
6
-7
5 ' .1
-1
2
4
. 1
" -1.
, -3 ' :
• 1
5.
1
0
0
7
13
• 1
6
• 0
-1 %
'
5 '

1

-2
6

Instalment
sales
Month
Year
ago
ago.

•

7
6
7
21
8
15 .
.
3
10
. 12 .
.

.1
5•7
5
8
•6
4

11
2
16 .

11
.12
15
9
- 1
16
- .1
14
12