Full text of G.17 Department Store Credit : June 3, 1947
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM .17.3 June 3y 19li7 ~ DEFA-aTl'Ei'fT STORE CREDIT •. APRIL 19%?'-. Instalment accounts' outstanding at department, stores continued to increas. during Aoril, and at the; end of the month were 79 per 'cent above, the year-ago level Collec tion? on instalment accounts were down 5 per cent, and the ratio-of collec- i f vc 'rsuilront accounts receivable on the firr-t of April. was 29 per cent. At The curre.it rate of repayment, installment accounts would be outstanding, on the Average, nearly six months. ' Charre accounts receivable, which customarily increase at this tine of the year, were 2 per ccnfc larger than at the. end of the month and 31 per cent above th'= amvunt outstanding a year earlier. 'Collections on charge accounts ga ir.cd slightly, and the collection ratio for April was Sh per'1 cent as compared with >'••< per cent, in the preceding month. 7 he average• collection period for charge •?.cc~vr.:s' outstanding in April was about: 56. clays. Both cash"and instalment sales declined slightly'frc# March to; April, while charge-:ccount sales showed little change. Cash sales, accounting for 55 per cent ! he t otol, amounted to 7 pvr cent less than in April 19l;b. Instalment sales -'-ere up ho per cent from the level of a year., ago, while charge-account sales showed a moderate gain. . . ' { .Department Store Sales, Accounts Receivable and Collections! if Per cent a; 'March. 19 to April 19L7 - change April "19lt to ... Affril 19ti? Sales during month Cash Instalment Charge account - 7 +1x6 +10 Accounts receivable, end of month Instalment accounts Charge accounts > . Collections during month Inst:ilment accounts Charge accounts + 5 +79 ,+31 - 5 + 1 ' +12 +21 Ratio of collections during month' to-, "accounts receivable at beginning of month Apr. • 19U7 Instalment accounts Charge accounts - for April 19b7 note,—Figures 29 Mar. 1917 " 32. 56 are preliminary, and subject to revision. Apr.. . 36 ' . ; 63 Dir^T:.L::T sioiizs - .JRii 1917 Cash and Credit Sales, by Federal Fosurv.: districts Indexes; 19L1 avoi'p.-je =. 100 : Installment sales. C hargo-account c "sh sales Apr. mar. Mar. liar. . 2^r. Apr. Apr. ,2pr, Apr. 19L7p 19L6 1916. 19l7p 19k6 19L7 19h7p 19L7 m ? coral ' Tc. servo District" 212 Dosten r-v. ID rk Fhiladelrhia OleV.land KicL..:. nd' Chicago So. Louis Ijinnearolis Kansas Ci%y :alias .' San Francisco >1; 210 21 v 312' ;i.. 213 • 370 223 221 23:. ' ^ .229' 2 :9 • '•-3.1 2 S" 2 2-3 323 - 22:= - 3 j 2'1'V 0. S. Total ' 231 . 12): . 178 166 . loo . 167 199 no • 191 2v0 . 122 223 211 • 1"0/ 131 200 177 19-7 H3 19i 177 223 • 230 2o2 . V3; ' 31: 1-2 179 173" 120 122 • 163 122 103 1.22 193 139 1:2 122 07 123 ' 32 lrl 101 • I''-" 322 117 1-3 * 1 ' 37 130. . 131 • 10 r 19" 167 320 210 ' lo2 . I'D . 131 121. 193 2 9 1-22 2 21. 27 113 .1° 1 2 112 . 111 97 l-;2 191 193 173 '' - accounts Fxc.-ivn.blc "id Collections, by Federal ?..: nerve Districts Federal District era D .cc:unts :utsoan dinr, , 0.-lit. c Lien ra ios "e = 100 .Indexes; 19L1 Instol:n.rDCharge accounts - unts instal:., _nt I 2har; r -pr< leor. O'U'. Apr. Apr. Liar. Apr. .Ipr. Oar. Apr. - -i- • IDr. I9e7p 1917 lvL6 m / p 19L7 19u6 19a7p 19L7 19L6 19L7P 19L7 19L6 32 D 0/ Y^rk .0 Pmilr^lrhia Cleveland . 21 Pich:. nd .. ulanta Chic- 2;/ S.I ^s lis 92 90 s s CiTLy - _1 s San •rancisco U. S. Tot 21 179 1 0 130 119' v: 10 1:>2 12 ' 20 21: hi 71 -21 1 / 65 1 31 27 32, i' 3 172 1/0 1..9 122. 1-2 25 10 i: 1' . 1' 107 160 1%2. 1"C 1" r 115 133 122 23' ' 27 39. 37" - 21 32 2;: • 2-, 29 90 39. 33 32 30 .22 29 37 1:2 . % 30 3-2 1;3 13 65 '21 30 12 & 1:5 ux ' 6.3 30 '2 2"i 61 00 56 . '1:7 ' 52 lo; '23 65 02 -3^ 1:3. 55 52 hh 63 70 69 61 63 77 63 73 65 69 39 9- 63 p -preliminary. , * - Cyllvcticns during month ss percentage of accounts 'receivable at beginning of . .month. )7:te; These data are based on repents of about 1i75 large department stores reporting sales by type of transaction, core than LOO having charge accounts and about 300 having instalment accounts. liack figures nay be obtained on .request fro:.; the Division of Research and Statistics.