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.
@FedFRASER