Full text of G.17 Department Store Credit : July 6, 1953
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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 outstanding 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 of May were 2 per dent
• above both the preceding ilionth and a year ago. The charge-account collection 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
Sales during month:
;
Percentage change from:
May 1952
Apr. 1?53
to
to '
. May 1953 . May 1953.
•/
Total /
Cash
Charge
Instalment
Accounts receivable, end of month:
+
+
+
+
V
Charge
Instalment
+ 1
0
+ 3
+ 1
k '
3
65
...
. • + 2
+25
+ 2
0
Collection Ratios and Percentage^Distribution of Sales
' Item
Collection ratios 1/:
7
;
Charge: accounts
Instalment accounts
1
May
19^3
|
r
U6
,15
Percentage distribution of sales: CaSh
B
... Charge
|
instalment a
' hi li3
10
May
1952
Apr.
1953
U6 ,
.15
hi
13
10
.
18 . ;
hi
- • h3
' 10
1/ Collections during month as "a percentage of accounts receivable at beginning of month.
for FRASER
MOTE:—Figures for May 1953 are preliminary.
,
Digitized
.
bQ
G.l?'
2
—
—
DEPARTMENT STORE CREDIT - MAI 1953*
Sales by type
(Percentage changes)
Federal
Reserve.
District •
, Boston.
•lie:; York /
• Philadelphia
Cleveland.
Richmond
Atlanta
Chicago"
St. Louis
1 Minneapolis
Kansas. City
Dallas
San Francisco
Uo 3. Total
Number of stores
Instalment
Charge-account
sales
sales
Apr.'
May
Apr.'53 Hay '52 A p i V ^ J May '52 Apr.* 531May '52
to
I to
to
to
to
{ . to
to
to
Kay '53 May '53^Kay '53 May '53 May '53 May '53 May '531May '53
Total sales
+ 1
+22
+ 6
+ h
+11
+16
+ U
+ h
+ 9
+ 2
+ h
+ 2
+
k.
'568
j
0
+ 3
+ 2
- 2
- 1
. + 1
- 1
+19
+ 6
+
+
+
+
+
+
-
Cash sales
1
3
2
1.
3
2
3
5
+11
+ 3
+ 9
+13
•+ 3
+ 1
+
+
-
o
o
+ 5
-
+ h
0
3
1
2
2
3
3
6
+6
+ 2
+3U
+ 9
+ 7
+ h
-10
+ 7
- 3
- 5
+13
+11
+
+
+
+11
+20
+ 5
5
3
5
2
+ h
+ 8
+ 6
-.5
+ 5
£31
l9k
+ 1
+ 3
568
568
531
2
h
+ a
+ 3
+6
-
+ 70
+ 3
+12
+ 3
2
0 .
h
+ 6
+16
+1U
+ 5
+ 5
- 2
-
-
+ 1
Accounts Receivable and Collection Ratios
'
;•Federal'
'Reserve
District
Boston
Hev; York
Philadelphia
Cleveland
Richmond - x
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
.U.S. Tota 1
Number "of stores
Accounts receivable, end of month)
Collection ratios 1/
fpprppn+.pfp r>hflncrpQ )
0
Instalment
Charge accounts
Charge ,
accounts J • Instalment
Apr.'53 May '52 sApr.'53 May '52
•Apr. May
May
Apr. May May
to
to
to
1 to
1953 1952
-Hay '£3 May '53 jMay '53 May '53 1953 1953 1952 1953
+ 2
0
+ U
+ 3
+ h
+ 1
+ 3
+10
+ 3
+ 7
~-2
o
o
+ 5
+
+
+
+
+ i
- l
+ 2
0
+ 2
+ 2
0
W7
187
3#
+ 5
+ 2
+ h
+ h
6
3
1
7
+22
+16
+23
+15
+23
• 0
'
. +20
-3
+ 1
+25
'V
+21
0 .
+17
1 - h
0
+33
1
j +.2
+50 .
+ 1
+kl
I
1
i
+ h
+25:
:
U5
h2
hi
hi
hi
h3
h$
h$
h2
h9
h2
uo
hi
lh
hi
hi
1*8
1*8
h9
15
lit
15
13
111
18
18
17
15
12
16
1*6
,1*6
1*8
15
hll
395
3953
1*3
36
53
h8
hi
53
U8
1*8
# 5 . 187
53
W3
1*6
38
51*
1*8
55
5o
1*8
16
lo
18
17
ih 16
16
lh
23
18
18. i 21
l-y 21
16 s 19
• 12 ; 11
16 , 19
15
15
16
15
18
* i
389, 376
May 1953 figures are preliminary and"subject to revision.
1/ Collections during month as a percentage of accounts receivable at beginning of
~
month.
@FedFRASER