Full text of G.17 Department Store Credit : July 7, 1955

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BOARD OF GOVERNORS OF THE FEDERAL RE3BKVB'SYSIEL1
C-.17

July 7, 1.9^5
DZ3ARTLEWT "STORE CrtEDIT - HAY 1 9 #

Instalment accounts outstanding at department stores
continued to show practically no change during Llay. Compared
^Ith. a year ago, however, month-end balances were up IJ4 per cent.
The instalment collection ratio, estimated at 15 per cent, in Liay,
was unchanged from the preceding month but 1 point above a year
ago.
.
.
.x
Charge accounts outstanding increased
I.'.ay and at the end of the month were 7 per cent
earlier. Collections during the month amounted
U5 per cent of firs l-of-month balances, 1 point
collection ratio and 1,point below a year ago.

1 per
above
to an
above

cent during
a year
estimated
the April

Sales of all types decreased slightly from April to .
Lay. Compared with a year ago, however, all types were highercash sales by 3 per cent, charge-account sales by 9 per cent,
and instalment sales by 17 per cent.

Changes in Department Store Sales and Accounts Receivable

percentage 1
change from:
Apr. 1 9 5 5
I:ay 1 9 5 1
to
to
May 1 9 5 5
May 1 9 5 5 •

Item

Sales during month:

Total
Cash
Cnarge
Instalment

Accounts receivable, end of month:

/

-2

+7 .

-2

+3

+9.

-1

'
Charge'
Instalment

-1

+17

+1

,

f7

0

+1JU

Item
Collection ratios l/:

,

Charge accounts
Instalment accounts

Percentage distribution of sales:

IB

Collection Ratios and Percentage Distribution of Sales

Cash
Charge
Instalment

U5

ah

15

15

U5

hh

11

"
-

U5
Ul4

• 11

May
1951i

U6
Ih
: bl
h3
10

1
' l7 Collections during month as a percentage of accounts receivable at beginDigitized
for of
FRASER
ning
month.



G.-7

r 2 DEP/JITLEKT STORE CREDIT - LA.Y 1?$$
Sales by type
(Percentage changes)

• Tn=M
Char^e-nccnunt
t
Total sales
Cash sales
sa"1
sales '
;-.r.r. '3S La} '5h!Apr. '55 Lay '51 Apr. ' 5 5 1 3 } '5L Apr. '551Lay '51
to
to
• to
to
to
to
to
to
Lay ' 5 5 :.:oy ' 5 5 j L a y ' 5 5 Lay ' 5 5 Lay ' 5 5 Lay ' 5 5 Lay ' 5 5 ILay ' 5 5

|

Federal
Reserve
. Fistrict

Boston
-

-hia

™ . -

s

is - w_ty ; .
- CISCO .
.U. 3." Total

+ 7
+ h
+10
+13
+10
+10
-h
-2
+ 5
+1
+13
+2 . . * 3
+ 1
+ 9
-i;
+
2
v"

-h

-3
-5
0
-5
-1

'

+ 7

4.
0
+5+7 /
+6 /
+5
+3
+:3-

.

-6.
-2
-5
-3
-5
-2
+2
-5
-6
-5
-ii

-1
+L
+1

-2

+3

+2
-5
+3
-5"
-1
• -6
-I
+1 '
• +6
-5
. -L

i +6
+ 7
+11
+15
. +12v
+13 •
+ 6
+16

-u

h

+

+ 3
+ 6
+ 2

-1

''

Boston
i;ev; York
Philadelphia
Clav jianu
la.it a
Chicaro
St. Louis
I.;i:r.eap-:lis
. Karsas City
L alias
Sen Francisco
U. 5.' Total




e

ge~[accounts
::r. '55 Lay 'SL
to
to
i rt!
+2
+1'

+k

+1
+2
+1
+2*

0
o.
+2

i
+ ?

+ 7
+ 1
+ 5'
+15
+ 9
+ 5
• + 2
+ 6
+ d
+ 3
+ 7

Inrtal.T:^-;
:-y '$.'4
to
to
:;°y
'55.
'iz
-1
-1
-1
0
0
+1
-1

+26
+12 •
+13
+26
+16-.
+11
+17
,+21i
+10
• +

h

+33.
. +11
+17

*'9

Accounts receivableend of month
(Percentage changes)'

Federal
Reserve
District

-lh
- 2
- 6
- 9
+ h
+ 6
. 0
- 2
+ 6
- 5
- 3
- 5

r

+13
+11
+20
+15
+12
+23
+13

+15
+11