Full text of G.17 Department Store Credit : March 6, 1953

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BO h~ C

/EBJjCRS OF THE FEDERAL,RESERVE SYSTEK'

G.17.3

'
•

DEPART: Si JT STORE CREDIT

"

March 6 , 1^53

JANUARY 1953 ..

-

'

»
Instalment accounts outstanding a t department s t o r e s
d e c r e a s e d 2 p e r c e n t d u r i n g J a n u a r y , a month d u r i n g -which some d e c l i n e i s u s u a l . B a l a n c e s a t t h e : end of t h e month, however, vie r e
19 p e r c e n t above J a n u a r y a y e a r a g o . 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 m o d e r a t e l y , b u t t h e r a t i o of c o l l e c t i o n s t o
f i r s t - o f - m o n t h r e c e i v a b l e s d e c r e a s e d to- 15 per- c e n t , 1 p o i n t below
t h e p r e c e d i n g month and 3 p o i n t s - b e l o w J a n u a r y of l a s t y e a r .
Charge 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
s e a s o n a l l y d u r i n g J a n u a r y . B a l a n c e s o u t s t a n d i n g a t "the month-end .
were 20 p e r c e n t below t h e l e v e l of December 3 1 , b u t we're 3 p e r
c e n t above a y e a r . a g o . C o l l e c t i o n s on t h e s e a c c o u n t s i n c r e a s e d
s h a r p l y d u r i n g t h e month, b u t t h e c o l l e c t i o n r a t i o d e c r e a s e d 1
p o i n t ' . . The J a n u a r y r a t i o , k7 p e r c e n t , was t h e same a s f o r J a n u a r y
.1922. .
'
wL
A l l t y p e s of s a l e s a t ..department, s t o r es i n J a n u a r y w e r e •
s h a r p l y below t h e s e a s o n a l l y h i g h December volume. Cash and c h a r g e a c c o u n t s a l e s d e c r e a s e d 57 p e r . c e n t w h i l e i n s t a l m e n t s a l e s d r o p p e d
h9 p e r c e n t . Cash and c h a r g e - a c c o u n t s a l e s w e r e a l s o , s l i g h t l y - - b e low' a y e a r a g o , b u t . i n s t a l m e n t s a l e s i n J a n u a r y were 8 p e r c e n t
above- t h e same'month l a s t y e a r .
' / "
Department S t o r e S a l e s , A c c o u n t s 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 :
J a n . 1952
Dec. 1952
to
"
to
J a n . 1953
J a n . 1953

Item

S a l e s d u r i n g month
' Cash
Instalment
Charge a c c o u n t s

/
'

A c c o u n t s r e c e i v a b l e , end of month
Instalment accounts.
Charge a c c o u n t s
=>

-

-57
-k9
-57

- 1
+ 8
- 3

- 2
-20:

+19
+ 3

+ 6
+28 .

- 1
+ h

- .

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

'
.

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:

Instalment accounts
Charge a c c o u n t s

 f o r "January
NOTE:—Figures


Jan.
1953

Dec.
1952

Jan.
1952

16"
k7

17
h8

19
h7

1953 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 o n .

DEPART: INT STORES - JAim/iRY 1953
Cash and C r e d i t S a l u 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 '

District
Boston
IJev.York
Philadelphia
Cle-velar.d
'Richncnd
Atlanta v
Chicago
•St. Louis
Minneapolis
'Kansas C i t y
Dallas
San F r a n c i s c o
U. S". T o t a l '

1 9 h l ~ l 7.'i9 a / o r a g e = 100
Charge-account s a l e s
i n s t a l . u n t .sa'l e s
Jan
Jan. Jan.
Dec.
Jan.
Dec.
1952
1952
1952
1952
1953P
1953P

Inn - x e s ;

Federal

C -3.1
Jan.
1953P

1952

Jan.
.1952

65
68
73
61
7o
61
81
77
- 73
78
80
' 60

168
160
190
186
198
198
173
117171
185
190
180

73
73
77 '
79 77
78
79
78
75 .
81
81
76

76

176

77

102
97
97
12 h
116
' 126
120
.
11U '
201
139
170157
-

187
250
199
223.
229
241
21o
20^
32522^
238
.314

119'
| 232
•
• I

110
93
83
116
98
112
106.
. 117
205
Ilk
136
143

62
85
83
91
83
85
87
81
98
90
101
92

110

87

79 '
88
88
92
85
83
92
Qh
96
95
10090

152
194
201
. 207
201
203
206.
186
209
.206
212
206
•

89

200

A c c o u n t s R e c e i v a b l e and 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 D i s t r i c t s

Federal
Reserve
District

A c c o u n t s ouust^: d i n g , end of month
>u9 a v e r a g e == 100
Indexes: l
I n s t a.":
Cnari ^ e - a c c o u n t
J a n . Deo. J a n . J a n . D e c .
1953P 1952 1952 1953P 1952 1952

Boston
•llev; York
Philadelphia
Cleveland
Rickr.cnu
Atlanta
. Chicago
S t . Louis
L'inheapolis
Kansas City
Dallas
.San F r a n c i s c o

221
182
193
201
' 217
2^
226
221
192
270
298
317

U. 5 . T o t a l

226

226 185
190 183
191 161
207 179
222 183
257 Ir209
231 193
221 191
198 166
269 225
29b 2 0 1
3 l 8 j 230

136
122
169
133
165
151
lul
156'
133
153
153
171

231

lhl

190

169 133
118 132
212 15a
170 127
208 166
1S3 rl42186 1 hi
182 152
178 128 .
194 159
'
196 150
202 150
| 183

112

Hoi l e n t i o n ratios-::I n s t - ? ;::ont
Jan.
| Jan.
'1952
1953P

Char:~ e - a c c o u n t
•Jan. D e c . J a n .
1953P 1952 1952
:

.

Ih
15
15
lo
13
15
20
18
20
17
12
17

15
14
15
16
lb
16
20
20
19
18
13
•18 "

18
16
18
18
17.
17
24
21
23
20
17
20

43
h2
42
h8
U2
36
55
U9
5&
hi
li6
17

U6
42
38
h9
hi
39
57
52
56
52
49
51

h6
W
47
48
38
38
52
h9
54
hi
47 '
ho

16

17

19

hi

18

hi

- > — C o l l e c t i o n s d u r i n g c o n t h a s p e r c e n t a g e of 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
r.onth.
1-GTS:—These d a t a a r e b a s e d on r e p o r t s o f a b o u t 550 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 , a b o u t 1*75 h a v i n g c h a r g e a c c o u n t s and
a b o u t 375 h a v i n g i n s t a l m e n t a c c o u n t s . Back 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 h t h e D i v i s i o n of R e s e a r c h and S t a t i s t i c s .