Full text of G.17 Department Store Credit : March 6, 1953
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2% 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. . ' w L 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 - 2 -20: - - 1 + 8 - 3 +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: Jan. 1953 Instalment accounts Charge a c c o u n t s f o r "January NOTE:—Figures 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 1953P 1952 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 .
