Full text of G.17 Department Store Credit : March 11, 1963

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FEDERAL
statistical

release

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LIBRARY
-MAR. 1 3 '063

RESERVE
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DEPARTMENT STORE CREDIT - JANUARY 1963

FEDERAL RESERVE S A N K

o:- RicHMONDinst, ilment - accounts receivable of reporting department stores
11> w i 4 in January 1963. and were 10 per cent above January. 1962.
1.
Charge accounts receivable fell by 13 per cent'but were- s-lightly higher
than a year ago.- Collections continued at about the same rates as last
month and a year ago.
rr>Cg

Total ssles decreased seasonally but showed no change from a J
year ago l»-/»ls." Charge sales -fell slightly from a year ago while
instalment sales rose by 7 per cent from January 1962
Changes in Department Store Sales and Accounts Receivable
Percentage increase or
decrease ( - ) from:
Year
Month-.
• ago
" ' ago
"-

Item

Sales during month:

*

-60 i - :
-63.
-61
-49

Total
Cash
Charge
Instalment

Accounts receivable, end of month:

1
10

-13
5

Charge
Instalment

-o;
0
- 4.
•7

Collection Ratios and Percentage Distribution of- Sales
Jan.
1963

Item

Collection ratios 1/.:

Charge accounts
Instalment accounts

Percentage distribution, of sales:
'

y

-

Cash
; Charge
Instalment .

Dec. '
•
1962

Jan.
1962

49
17

4817

47
16

43
38
19

45
39
16

42
40
18

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




DEPARTMENT STORE CREDIT.- JANUARY 1963
Sales by Type.
Percentage increase or decrease (-)

-

Federal
Reserve
District

Total sales
Month
ago

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis '
Kansas City
Dallas San Francisco

Cash sales

Year
ago

-59
r 56
-63
-58
-60
-60
-60
-65
-60
-59
-57
-61

Month
ago

.2
-3
-8
-1
5 .
7
-2
0
1
3
3
7

•

-62
-60 ,
- 66
-61 ;
-64 - 6^"^*-X
-69
-63
-62
-62
-65

Year
ago
6
-5
;-6
0
- 5
-3
7
-1
2
3
9

Charge-account * . Instalment•
•
sales
sales
Month
Year
Month
Year
ago
ago
ago
ago
' -64
-36
-7
-54
- 3
• -50 .
-64/.
-10
-49
-59 .
-7
-53
-62 .
6
-47
-61
2
-53
-62
-53
-65
. - 7
-53
-59
.
.
15 ;
-54
-60
0 . , -48 .
r 58
- 1
-45
-67 -44
- 4

Accounts Receivable, end of month
Percentage increase o r decrease (-):
Federal
Reserve
District
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco




Charge accounts
Month
Year
ago
ago
- 2
-20 .
-19
- 2
-18
-16
-10
-17
-16
-18-,
-19
-15

Instalment
.
Month .
Year
ago
ago

6
. 1 '
8
2 • • ,1
. .12
1
- 2
9 .
-4
17
5
4
.
" 2
5
3
- 3
:
o
'
.5.
": i8 •
0
18
. - 2 -S
-5
-12
14
8
' 0 •
- - 4. -1 1
-• 5
7
3
10

6

9
6
- 9
7
4
13
4.
10
-28
10
10
19