View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

-

-

y

\

BOARD OF GOVERLGRS OF THE-FEDERAL RESERVE SYSTEM :
i
' '

'
'

.

8 1946 '

"

March 6 , 1946
R&S dsc - 40
G.17.3

"

.DEPARTMENT : ST ORE ^ CREDIT'
"" JANUARY 1946

__

.

•

.

.

'

I n s t a l m e n t a c c o u n t s o u t s t a n d i n g a t d e p a r t m e n t s t o r e s d e c l i n e d by s l i g h t l y
l e s s t h a n t h e c u s t o m a r y s e a s o n a l amount i n J a n u a r y , and were f o u r per c e n t above ^
the year-ago l e v e l .
C o l l e c t i o n s on i n s t a l m e n t a c c o u n t s i n c r e a s e d s l i g h t l y , r e s u l t i n g i n a c o l l e c t i o n r a t i o of 32 p e r c e n t , f o u r p o i n t s l e s s t h a n i n December.• I n s t a l m e n t . a c c o u n t s were c o l l e c t e d , on t h e . a v e r a g e , i n a b o u t f i v e months, a p p r o x i m a t e l y t h e • s a m e l e n g t h of time as i n J a n u a r y 1545,
Charge a c c o u n t s d e c r e a s e d by a b o u t t h e u s u a l s e a s o n a l amount, and a t t h e
end of t h e month vie re 11 p e r c e n t h i g h e r t h a n i n t h e c o r r e s p o n d i n g month l a s t y e a r .
C o l l e c t i o n s showed the c u s t o m a r i l y s u b s t a n t i a l i n c r e a s e i n J a n u a r y , and t h e c o l l e c - .
t i o n r a t i o we s unchanged a t 61 p e r c e n t . Charge a c c o u n t s were o u t s t a n d i n g , a b o u t
49 d a y s , a p p r o x i m a t e l y t h e same a v e r a g e a s f o r J a n u a r y l a s t y e a r .
.
Thu volume of c a s h and c r o d i t s a l e s a t d e p a r t m e n t s t o r e ' s was r e d u c e d
s h a r p l y , a s i s u s u a l i n J a n u a r y . Cash s a l e s , amounting t o more t h a n t h r e e - f i f t h s
of t h e t o t a l , we re up 13 p e r c e n t over t h e y e a r - p e r i o d . Both t y p e s of c r e d i t . s a l e s
a l s o were w e l l above y e a r - a g o - l e v e l s . '
'
Department S t o r e S a l e s , Accounts R e c e i v a b l e and C o l l e c t i o n s
P e r c e n t a g e change f r o m :
December 1945
J a n u a r y 1945
to
to
' J a n u a r y 1946
J a n u a r y 1946
S a l e s d u r i n g month
' Caafc
Instalment.
Charge a c c o u n t
Accounts r e c e i v a b l e , end of month
Instalment accounts
Charge a c c o u n t s
C o l l e c t i o n s d u r i n g month
Instalment accounts
Charge a c c o u n t s

-48
-41
-48 . .

<

+13
.+12
: +n .
+ 4
+11

- 6 -25
+ 4 '
+29

'

+ 3
+14 :

. R a t i o of c o l l e c t i o n s d u r i n g month t o a c c o u n t s r e c e i v a b l e a t b e g i n n i n g of month:
Jan.
.1946
I n s t a l m e n t -accounts
Charge a c c o u n t s
Note"!

•

Dec.
1945

32
61

36
61

•
'
.

f i g u r e s f o r . J a n u a r y . 1946" a r e p r e l i m i n a r y and s u b j e c t t o r e v i s i q n .




Jan.
5

194

32
61

33FART:.^I:T STORES - JANUARY 1946
Cash and C r e d i t S a l e s , "by F e d e r a l R e s e r v e D i s t r i c t s
- . r e ae r a j.
:-.e s e r v e
srr:ct

Cash"" s a l e s
Dec.
van.
1946p
1945
1545

' 153
. 165
152
177
175
. -,1c.- ~z
|' 23C
: 152
i " * L o u i s * - 100
t
iiinr.eapclis
. 215
Kansas C i t y
, 2 57
Oallas
i 505
San F r a n c i s cc• ' 228
1

e - --Philadelphia

E . Yotal-j

337
314
375
545
502
017
54 3
I - 355
4 14
4 09
570
437

141
132
156
157
'
155
224
101
173 '
156
222
272
1 226

357

150

I n d e x e s ; ' 1941 a v e r a g e = 100
Charge-account s a l e s
Instalment- sales
Jan.
Dec.
Jan.
Dec.
Jan.
1945
1945
1946p
19.45
1945
"1946p

164

75
72
51
53
• 59
44
. 53
. 63
.98
64
99
54
53

.95
64
93
61
105
54
53 . 105
-106
55"'
119
48
47
105
64 • 107
S3
108
' '105
* 02
77
' 147
56
120

106 "
127
135
84
120
61
102
133
116
SB
119
" 81
.

108

.

57

j
|
ji

"

- 106

.93
"79
93
92
97
111
95
101
97
101
124
108

191
190
2 05
215
199
177
192
198 '
209
191
257
.
224
204'

'

95

'AocciArts R e c e i v a b l e a n d C o l l e c t i o n s , by F e d e r a l R e s e r v e - ^ i s t r i o t s

Federal
1 i..c i r i c-t

::ev; York
F h i l a del phi a
Cleveland ,

| A c c o u n t s o'j t s t a n d i n g , end of
uolieccion
10'41 a v e r a ; :c = 100
j
Indexes;
.Instalment
Char:-e a c c o u n t s '
i
I n c r a Ir-er.t
Dec. Jan
Jan.
Jan.
| J a n . Jan.;
1946p | 1945 j 1945 1946p 1945 . 194 5 1946p 1945 194 5

:
;
;
!

!•.: ja.-c . Icuis
i
. :. r..'-''apclis
i
?:a:.sas C i t y
i
Dallas
|•
5^r : r a n e l s e 0 t
/ Y. S . T o t a l •

"53 j
50 !
45 1
42
52
4?,
37
50
45

,
I
i

45

j

i
109
24
50
14 0
45 « U S
29
91
54
45" 1 1 0 4 - ; , 1 3 7
151 ! 100 1 29
44 : 109'
Ci
34
99
45 1 40* ; n o ' 150
100
27
57 1 50 1 l u 9
137
•100 .
52
'
52 i 50 : 106 - • 139
59
94
7 | 100
150
57
Or
107
144
33
155 ' 8 7 ' ' 42
5c
SI
55
126,
99
1
.
05
116
31
150
37
00
55
148
5-:
III
',S

43

106

14 5

97

'•

32

ratios'

Cha r^e. a c c o u n t s .
J a r . . | .DCCr J a n .
1946pl 1945 1945
!
53
27
55 ! • 54
26.
53.
53
. £8 • 28- -- 5 5
56
61
37
. 02
26
59
59
• 60
56 . 52
30
25 1 50 ' * 52 51
51 - 4 9
53
30
32
67
45
' 68
71
45
67
08
67
45 • ' 3 6
79
73
- 72
39
43
70
71
71
'44- . 40
63 .
64
32
60
35'
56 '
55
67
00
43
' 56"

32-

01 ' . 5 1

61
1

Orl 1 - ; c t i chs i v r i r . n fr.onth a s p e r c e n t 8 g o o f a c c o u n t s r f . c o i v e b l e a t b e g i n n i n g of
I . o t e : - T)/,se d a t e a r e r a s e d on. r e p o r t s .of . a b o u t 4 7 5 l a r g e d e p a r t m e n t s t o r e s r e p o r t i n g
'•'
s a l e s by t y p e of t r a n s a c t i o n , 'more than 4 0 0 h a v i n g charge e c c o u n t s and a b o u t
300 h a v i n g 1 n s t a l n e n t a c c o u n t s ,
B e ^ : f i g u r e s may be o b t a i n e d on r e q u e s t
;
f r o - t h e -Id vi s i or. of R e s e a r c h a n d
vi-s-t-i-eq-.-.v - . v " v