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5CARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.17.3

March 7> 19n7
DEPARTMENT STORE CREDIT
JANUARY

'

Instalment accounts outstanding'at department stores at,the end of
•January, regained at the December level > although some decline i s: .usual in this
!"c:Vih. Collections on instalment accounts increased slightly during the month,;
resulting in a. collection rati* of 29 per cent as compared with 35 per cent in
reccnfcer. Instalment accounts v;ere collected in about six months in January, a
somewhat longer period than in the' corresponding month a year ago,
Charge accounts receivable declined'by about the customary amount in
.Januur.y, and' continued more. than one-half above the year-ago level. Collections
on charge accounts rose substantially, but the collection ratio decreased two
points to 52 per cent. The_ average collection period for charge accounts was
approximately'57 days as compared with' about''U9 . days'- in January last year»
The volume of cash and instalment sales at department stores showed
aocut the usual sharp drop from December. Charge-account saleg decreased more
than seasonally but were 35 per cent larger than a year ago; Cash sales were at
about : hesame level as a yeai* uarlie-r while instalment sales increased 63 per cent.
.

Department Store Sales, Accounts Receivable and Collections

• ;tc
January 19L7
V
Sales aurinr month
Cash
'
I ratal ment
Charge account

January 19Uo
.to
January 19U7

5
-51

0 .
+68
+35

o
-22

+69
+62

+ 1
+23

+11
+31

.
-

.Accounts receivable, end of month
Instalment accounts
Charge .'accounts
, Collections during month
Instalment accounts
Charge accounts •

patio.of collections during month to.accounts receivable,at beginning of month
Jan*
' 19h7
Instalment accounts Charge accounts '
:'ote:

•
-

•
.

-

29
52

Dec.
.

,

. Jan.
19L6

- .m-...
'

'J5
ik

'

•

Figures for January 19h7. are preliminary- and subject to revision.




" 33
. 61

DEPARTMENT STORES - JANU; RY 1947
Cash and Credit Sales, by Federal Reserve Districts

' Cash sales
Jan.
Jan.
Dec.
1947p
1946
1946

District

B-o.ston
153
l e , York
.v177
Philadelphia
172
391
Cleveland
j
Ri chmond
Atlanta
307
Chicago
331
133 ' . 376
St. Louis
- 2b0
LSI
Minneapolis
Kansas City
2L0
: 192
563
Ddllas
299
San Francisco
233
137

U; S. Total
-

Indexes; 1941 average = 100
Instalment sales
Charge--account
Dec.
Jan.
Dec.
1947p
1946
1947p
1946
1946
163

159 165
132
177
173
j
13U
192
• 215
2L3
305
239
137

-108

261
215
223
130
175
136
133
219
161
152
219
15b

35
72
59
63
59
bb
50
62
ICC
81
99
62

.199

93
115
53"
71"
92
120
123
! "169
:
• 156
. 101

3 6b

1946

10L
125
133
1LC
lb3
156
ILL
1L3
• 151
150
219
170

266
270
292
309
233
255
• 275
291
296
276
367
332 .

99
93
loii
,105
106
119
10U
107
107
103
Ibl
123

lhh

293

107

1
Accounts Receivable and Collections, bv Federal Reserve Districts

Federal
Reserve
District

-Eoston ,
-•York
Philadelphia .
Cleveland
Richmond
Atlanta
Chicago
'St. Louis Minneapolis
Kansas City
Dallas
San Francisco

"Accounts outstanding, i
and of month
Collection ;
rati os
Indexes; 1541 average = 100
*
In stalmeif t
i
Char,
ge accounts
Instalme:r t .
.
Charge accounts
Dec. Jan. Jan. D e c .
Jan. Jan. Dec. Jan. Jan. Dec. •
194 7p 1946
1946 1947p 1946
1946 ' 194 7p 1946 1946
1947p 1946 1946
56
77

19
167

;.C7
'225

22
30

59
29

133
30
197
79

' '
*

""'U. S. Total

106
1C3
.107

.

35

33

116
lie

s
22b

27.
32 •

55
60
• L9

52

63
59
65
66
. 61
5b

51
69
63
.73
72
63
65

52

5L

61

36

"31
31

37
13

103

29

$5

175

bl

50

171

33

bb
bcJ

35.

L2
37
31

60
'60

p - Preliminary.
* - Collections during month as percentage of accounts receivable at beginning of
month *
.
.
.
2iOte : These data arc based on reports of about 475 large department stores reporting sales by typo of transaction, :uore than 400 having
nhergo accounts and
about 300
 having instalment accounts. Back figures may bo obtained on request from the Division of Research and Statistics.