Full text of G.17 Department Store Credit : June 3, 1954

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BOARD OF GOVERNORS'- OF TIE F L D E M L RESERVE SISTER
G.17

.
June 3 , 19$h

DEPARTLENT STORE CiiEDIT - .APRIL 19!?h

'

..

Instalment accounts.outstanding at department storesremained steady during April after three months of decrease
from the- seasonal high -reached in December. Balances at the
end of the month were 7 per cerit above a year ago. The April
collection ratio on instalment accounts decreased 1 point to
lit per cent, the same ratio as- a year earlier.
—
Charge accounts outstanding at the end of April
vzere I4 per cent above the preceding month and 8 per cent above
a year ago. The charge-account collection ratio, U5 per cent,
v.'as 3 points below the March ratio and 1 point below April of
last year.
Cash and charge-account sales increased lli- per cent
and 16 per cent, respectively, from Larch to April, while
instalment sales increased 1 per cent. Compared with a year
ago, cash sales, were up h per cent', charge-account sales 9 per
cent, and instalment sales 3 per cent. These favorable comparisons with both month-ago and year-ago figures, however,
reflect in part the relatively late date of Easter."

Changes in Department Store Sales and Accounts Receivable
Percentare change from?'
Mar. 19$k'
Apr. 1953
to
to
Apr. 19%
Apr. 195k

Item

Sales during month:

+ Ih

Total
Cash
Charge
Instalment

Accounts receivable, end of months
'

+ m
+ 16
+ 1
+

Charge
Instalment

U
0

+
+
+
+

6
U

+
+

8
7

9

3

Collection Ratios an-i Percentage Distribution of Sales
Item
Collection ratios l/s

Charge accounts
• Instalment accounts
••
.j , :

Percentage distribution of sales;
•'

"Mar..
195L

j.

Cash '
Charge
Instalment

h$
Ih
16

hh

10

W
15
-

' he
ih

U6

h3

11

1/ Collections during month as a percentage of accounts receivable at
beginning-of month.




hi
h3

10

-.17

-

2

p^;p,.p::T STCP_ C;^riT - APRIL 195k
Sale by tj/pe
(percentage changes)

Federal
Reserve
District
Pcstcn
York
Philadelphia
.Cleveland
Pichcond
Atlanta
Chicago .
St. Louis
' : "inreapolis
i:a;-.sas City
Pallas
5an Francisco

Charge-accountInstalment
sales
sales " •
pr.'53 :ar. '5k Apr.'$3 P'ar. '5k Apr.'53 L'ar. '514 Apr.'53
to
to
to
to
to
to
to
pi'. '51t ipr.'5k Apr*'5k Apr.'5b Apr.'51 Apr.'5k Apr.'51
+10
.+15
+19
+ 7
+ 7
+ 7
+19
- + 6
+ 8
+11
+ 9
+ 9
+ 6 '
•*6
0
+ 9
+13+23
+ 2
+22
-Ik
+ 1
+ 3
+ 9
• +18
+21
+11
+13
+19
+ 9
+13
lii
+17
+10
+lk
+13
+ 7
+16
+ 2
+11
- 1
+ 5
+17
+ 9
+ 6
+10
+12
+16
+11
+15
+ 9
+ 5
+ 6
+ 7
• +19
+18
+lk
+ 7
0
+10
+ 7
+lk
+13
+ 5
- 5
+10
- 1
+10
+ k
- l
+ 9
- 5
+ 6
+ 2
+11
+15
+ 9
-13
+ 9

Total sales

.or,'5U
+ 8
+ 9
+21
+20
+15
+15
+16
• +17
+12

.

+ 9
+lk
+lk

+ 6

+16

+11;

+ 9

Accounts receivable, end of month
(Percentage changes)
Federal
Peserve
District '
roston
Lev; York
Philadelphia
Cleveland
J.ichz^ond
j.tlan^a
Chicago
-St. Louis
Pinr.eapoli-s
Kansas City
Pallas
San Francisco
U. 3.' Total




Charge accounts
Instalment
Par P'5k Apr.'53 Par.'5k Apr.'53
to
to
to
Apr.'5k Apr. '.5k Apr.'5k Apr.'5k
+
+
+
•+
+
+
' +
• +
. +
+
+

6
5
2
6
k
0
1
6
5
6
k
3.

+ k

+ k
+ 8
+ 6
+ 7
+ 5
+ 7
-3
+ k
+ 8
+ 1
+ 2
+ 2

+ 1
+ k
0
- 1
0
+ 5
- i
+ 2
0
- 1
- 2
- 1

+ 1
+ 7
+10
- 1
+ 2
+ 3
+ 3
"+ 8
+11
+ 5
+ 5
- +13

+ 8

0

+ 7

+ 1

+ 3