Full text of G.17 Department Store Credit : June 10, 1964
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June 10, 1964.
G.17\
STORE CREDIT - APRIL 1964
V^-Itis'talmen.t accounts outstanding at reporting, department
stores were down one per cent in April, a month in which little change
is usual. A similar decline occurred in charge account balances during
the month. Both types- of'indebtedness were above year earlier levels,
with instalment accounts continuing to show the larger year-to-year
increases.
,
1
•"
The accelerated March, rate of collections on instalment accounts was sustained in April this year while that for charge accounts
was off two percentage points. However, both types of accounts were
being collected at a faster rate than a year earlier. •
A small increase in sales from March to April was attributable
to gains in credit transactions which more than offset the small decline
in cash business* Instalment sales continued larger than a year earlier
. but both cash and charge-account.sales were down 2 jier cent.
Department Store Credit
Item
Charge
Accounts receivable, end of month
Collection ratiosl/
Percentage increase
Percentage distribution
or decrease from:
:
Month ago Year ago Apr .!64 Mar.,164 Apr. >63 Apr.'64 Mar. '-64Apr.'63
2
-1
Instalment
39
9
%
-
59
61
59
48
18
:
vm
4?..
50
18
Department Store. Sales
Item
1
Total
Cash
Percentage increase
or decrease from: .
Year ago
Month ago
•.
- 2 .
2
-2
Instalment
6
2
"Mar. *64"
Apr.'63
. 100-
100
100
45
45
40 {
59
40
18
.18
. 17
V
-2
Charge
percentage distribution
Apr;164*
"
1/ Collections during month as a percentage, of accounts receivable at
beginning of month.
DEPARTMENT STORS CREDIT - APRIL 1?64 .
Sales by Type
\
Federal
Res.erve
District
Boston
New York
"Philadelphia
Cleveland '
Richmond
Atlanta /
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
Percentage increase or decrease (-)
Month
ago
• Cash sales
Year
ago
Year [ Month
ago ,; ago
5
-2
0
-
4
- -2
1
-11
-rl
-
-3
- 2
0
- 4
- 3
8
0
12
-1
3
-3
- -10
' -5
-10
-3
" -16
-5
-
-
5
6
-
0
0
-2
-
1
-
5
.
4
• -
-
;
7
-
-2
1
2
-2
1
8
-3
-10
3
2
0
'
i
-
.
2
0
.
11
4-
-
10
6
4
- 4
2
. .1
12
.-5 ;
11
—A.c counts Receivable, end of month
Percentage increase or decrease (-)
Instalment
Year.
. Month
ago
ago
i
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
3t. Louis
Minneapolis
Kansas City
Dallas
San Francisco
i
Federal
• Reserve
District
Year
ago
Month
ago
-1
-1 .
-1 . ;
3 *
-2
-2
-i
-5.
-5
-2 ;
5 ..
V
-2
,
15
— i: o . ' -2"- ;,. -2
-l
. . 7
3
0
.
2 •
' 3 -:-' '
1
15
11
-2
4
.
.
:
..
-3
•
5
10
-12
. -2
0
0
2
10
.
0
'
i
-1
-6
3
- 4
.
'
W..."
0
-
8
.
#"vi5-
0
-
8
3
2
1
-'
- 3 r
1
-2
v :
1
-5
' -10
. -5
8
12
V
0
5
-2
3
3
Instalment
sales
Year "
Month
ago
ago
Charge-account
sales
Month , Year
ago
ago :
•
Total sales
'
.
3
.
5
8
,
5
,
6
.
@FedFRASER