Full text of G.17 Department Store Credit : July 7, 1959
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.17 J u l y 7, 1959 DEPARTMENT STORE CREDIT - MAY 1 9 # I n s t a l m e n t a c c o u n t s o u t s t a n d i n g a t department" s t o r e s showed l i t t l e change d u r i n g May b u t s s i n o t h e r r e c e n t ; m o n t h s c o n t i n u e d above a y e a r ago. I n s t a l m e n t c o l l e c t i o n s were 15 p e r c e n t of f i r s t - o f - m o n t h balances. , • Charge a c c o u n t r e c e i v a b l e s i n c r e a s e d 1 p e r c e n t d u r i n g t h e month and were h p e r cent, .above a y e a r e a r l i e r . C o l l e c t i o n s amounted to h i p e r c e n t of o u t s t a n d i n g b a l a n c e s a t the. beginning: of t h e month. R e p o r t i n g d e p a r t m e n t s t o r e s i n v a r i o u s s e c t i o n s of t h e c o u n t r y averaged s a l e s g a i n s of 6 p e r c e n t ' o v e r t h e p r e v i o u s month and 3 p e r c e n t o v e r a y e a r ago. I n s t a l m e n t s a l e s accounted f o r t h e l a r g e s t year-to-year gain. ' ^ . Changes i n Department S t o r e S a l e s and Accounts R e c e i v a b l e P e r c e n t a g e change from: Ilonth Year ago ago Item S a l e s d u r i n g month: Total . Cash j Chsrje ' ; Instalment Accounts r e c e i v a b l e , end of month: , Charge Instalment *6 +8 . -5 +3 + 3 +1 •;"3 -8 . - >1 0 ; +7 C o l l e c t i o n R a t i o s and P e r c e n t a g e D i s t r i b u t i o n of S a l e s May 1959 Item Collection r a t i o s 1/: Charge a c c o u n t s I n s t a l m e n t accounts P e r c e n t a g e d i s t r i b u t i o n of s a l e s : a t ber:inninr: of month. Cash Charge Instalment April 1959 hi 15 hi •15: U3 1L3 lh U3 h3 lh May 1958 . ' hS 15. hh h3 13 D:PA3Ti;Z.:!T STORE CREDIT - MAY. 19$9 Sales by type ( P e r c e n t e r changes) - strict - Year ego . 'Ecsian + 2 - :n__ _ C_ ^ 1 h + L " 3 * 5 _JU1S ^ - i s - : - . + 2 + L 2 + 6 : ? -12 - 1 5 - 6 - 3 | + r< *3 + -1 + ' i + li • ago 1 + ' ' " 2 - 2 - 1 3 : + P + ~b +h 7 - ••3 - 1 ; - • • - 3 - 1 + 6 h + 8 + + C h a r r e M o n t h F e d e r a l + 3 1 ci J d -r Kansas C i t y Dallas S a n . i | i S t . LOUIS Minneapolis F r r n c i z . c c U. S. T c t a l > 1 1 . + 3 + 5 . ' . 1 ; .3 . . I i j , i | + 6 - 1 - 5 - 1 O -1 + - 1 + 7 ! + 1 + h 0 + 5 h + 5 "- l + l 0 • 3 + 7 + )' 0 3 1 + 15 -i ':"i +. + 3 + 1 + 0 ! h • aro +i -i -i n 0 +2 ! -°- + 7 + 3 , . - , l a n t a : 0 " 2 + 1 + 2 Month afo a:.o 6fO Boston :!eu York " 1 " "rl-hia I n s t a l m e n t ! Yc^r a c c o u n t s Y e a r a?o + + 3 3 + 5 7 + h 7 + 12 + 2 + 8. •!- ft 2 7 0 Accounts r e c e i v a b l e , e r r of -nonth (Pcrccnt-yve chanrcs) . ;Reserve , district N' + 0 0 5 2 - 1 - h + 2 + 7 + 9 + 11 -6 2 L + + li + 5 + 6 ' + 2 1 3 3 + * 1 3 - - b + 1 +1 • - • - h - 5 + 12 + 1L - 1 + 10 1 • — " + ~h Year M o n t h 0 3 5 + - 1 L - 3 I n s t a l m e n t s a l e s M o n t h i Year a r o + 6 + 1 7 - 1 0 - Year * L 5 - 1 0 + 13 t _ 6 a c c o u n t s a l e s i :o nth _ago + " 1 1 ST. C a s h " 3 +a h + 2 i ' • s a l e s l - u l l t l l Mi ChercG: ' .Total F e d e r a l - l + 3 8 + 7 - 1 3 3 + 8
