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BOARD OF GOVERNORS OF THE'FEDERAL RESERVE SYSTEM
July 6, 1961-

0.17
DEPARTMENT STORE CREDIT - MAY-1961

Instalment accounts outstanding at' reporting department
stores showed little change in May and at the month-end were 3 per
cent larger than on the corresponding d t e of-i960. These accounts
aS"
were "being repaid somewhat faster than, in the preceding month and
at about the same rate as in May-i960..
Charge accounts receivable continued at about the same
level as in April but somewhat below ^the year-earlier level. „ The
rate of collection was 4 percentage points higher' than in either
April 1961 or May 1960.
Department'store, sales of all types increased in May from
the post-Easter low reached in April, but increases in,cash and
instalment transactions, were more marked than in charge-account
sales. All types of sales were well above those in May i960. .
The importance of 'each type of transaction relative to.total saleshas; shown little change during the past year.
• ^
Changes In Department Store Sales and Accounts Receivable

$

Percentage change from:
i
Year
•
ago

Item

.

•

L

¥*+> + -?,

+12
+13
+ 7
+13

Sales during month: To tal
" '•
Cash
Charge Instalment

. '

1

Accounts receivable, end of month* Charge
- Instalment'

0
-- 1
1

Collection Ratios and Percentage Distribution of Sales
May
1961

Apr.
1961

May
I960

Collection ratios l/: Charge accounts
~
~
Instalment accounts

48
15

44>
14

44

Percentage distribution of sales;
,
*•

43
42
15

43
: 42 ' 15

Item

"

y „ • - - , . 1J •
1 1
_ •

3...-J —


at beginning, of month .


4-V.

Cash
Charge
Instalment

42
15; • '

jeivable
4 nf n i f
f Ciilnts re <

0 : .-noriziAT1+.flX7l

D^PARTmi STORE CREDIT - VAY 1961

-Boston .
Hew York
Philadelphia
.Cleveland
Richmond
.-.tlanta
Chicago •
St."rouis
Minneapolis .
Kansas City
Dallas.
^
•San-Francisco

Cash sales

Total sales .

'
•
v

l .»

-

ss,les
Year
Year - , -Month
ago'
• ago "
am

Instalment
sale'3
Year
Month
ago
ago

+ 9
• +1-8 ' + 9 . + 1
+ 8
+10 •
+12
- +- 5
+. •
7
• + 5
- 1 +11
+ '9
. + 2=
- 1
. + 4
..+'9 •
+ '
>
t 9
. + 6 • +22
+11 •
- 2
+10 •
+ 3 , + 1
+ 4
" +11/
+ 8
+16
• +14 " ',+13:?.V. - 4
.+.1 ' - +10
+*9 •
=
+.11
.+ 4
+ 13
+14
.+19
- 4
• +19" i • > 1 " * +15
1
•-'3
+ 8
+17 '
+ 7 , + 6
+ 5
. + 1
'+ 7
.+ 2 •• +15' ' + 3
- +2^:
+ 4 .
+ •5
+ 3
• + 8
' +13 . - + i ' - +14
'5
'
2
• 'V 4 .>: •' +15
+10
+-•9+10
+8 .

+12
'

Month'
ago

Year
: ago

Month
ago

:

I
r

• Federal
.
; Reserve
District

I

Sales by type (Percentage changes)

1

4-10

+ 8
+10
+13
+10
+17^
+18
+14
+13
+11
4. 8

1
+6 . 1
+3
+4 •
"
+8
+4 •
+6 : . :
v:

Accounts receivable, end of month
(Percentage changes)

Instalment•
Charge, accounts •
'
Year
•I iohth
Year
Lonth
ago
ago
ago
ago '

- Federal
Reserve
District
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas San Francisco




1
•

0
- -2
0.
+17
'-4
- -2 ;
0." - -2 '
. . - -2
" +1
-2
3
+11
• +1
+2
- • -8
-2
, + 1
+2 '
+1 0
'* -^1
•
-1
• ' +5
+1
. 0. . • -1 ' :• + 2
+ 4
^•::'+
'-:--l
-5
+1 -2
+1-.
+ 7
+12
+1
+4
' >8.
0
•• + 9
-3 ' .
-3
-2
' ^ -4
0
' + 4