Board of Governors of the Federal Reserve System (U.S.), 1935-. "July 6, 1953," G.17 Department Store Credit (1953-07-06). https://fraser.stlouisfed.org/title/1260/item/49105, accessed on March 1, 2025.

Title: July 6, 1953

Date: 1953-07-06
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image-container-0 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM' . G.17 ; July 6, 1953-^ DEPARTMENT STORE CREDIT - MAY 1953 Instalment accounts outstanding at-department stores/showed practically no change during May, but 'at the-end of the"month were ,25 per cent above the corresponding date a year earlier. Collections on ' these accounts during the month amounted to .15 per cent of balances out- standing at-the beginning', of' the month, the' same as in April but 3 points • below May a year ago. ;Charge accounts,outstanding at the end were 2 per dent • above both the preceding ilionth and a year ago. The charge-account col- lection ratio of U6 per cent for May was unchanged from April but was 2 points below the year-ago ratio. : ' All types of sales increased from April to.May — cash sales by 3 per cent, charge-account sales by 6 per cent, and-instalment sales . by 5.per cent. Credit sales were ; also up slightly from a year ago, but cash sales showed no change. As indicated'by the percentage distribution, the relative importance of cash, charge, and instalment sales was unchanged from both a month ago and a year ago. ' Changes in Department-Store Sales and Accounts Receivable Item ; •/ Item ; •/ Apr. 1?53 to ' . May 1953 . Sales during month: Total / +k ' + 1 ... Cash + 3 0 Charge + 6- + 3 Instalment + 5 + 1 . • + 2 Instalment 0 +25 Accounts receivable, end of month: Charge Percentage change from: V + 2 May 1952 to May 1953. Collection Ratios and Percentage^Distribution of Sales ' Item ; 1 May 19^3 Collection ratios 1/: Charge : accounts | U6 7 Instalment accounts r ,15 .15 18 . ; Percentage distribution of sales: CaSh B ... Charge | li3 13 instalment a 10 10 ' 10 ' hi - hi hi Apr. 1953 May 1952 . U6 , . bQ - • h3 1/ Collections during month as "a percentage of accounts receivable at begin- ning of month. MOTE:—Figures for May 1953 are preliminary. ,
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