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BOARD OF GOVERNORS- OF THE FEDERAL RESERVE SYSTEM
G.17

March 8, 19 6l
DEPARTMENT STORE CREDIT - JANUARY 1961

Instalment account receivables at reporting department
stores declined seasonally•in-January and were 4 per cent above a
year ago. Collections on instalment receivables were 14 per cent
of the amount outstanding at the beginning of the month.
Charge account receivables also declined seasonally and
remained slightly below a year ago.. Collections on charge accounts
amounted to 4^ per cent of the amount outstanding at the beginning
of the month.
:
1
' •'
'. ; .Sales at reporting stores in January were 4 per cent
below a year ago.
. . .. • •

Changes in Department Store Sales and Accounts Receivable
Item
Sales during month:

.

i;

Total
Cash
Charge •
Instalment

Accounts receivable, end of month:

'

1 Percentage change from:
Year ,
I Month V
ago
ago

•

- "
Charge
Instalment

-61
-63
-63
" ..-52

-4
-4
-5
0

-14
0

-2
+4

Collection Ratios and Percentage' Distribution of Sales
Jan.
1961

Item
Collection ratios 1/:

Charge accounts
Instalment.accounts

Percentage distribution of sales;

Cash
Charge
.
Instalment

;
"

Dec..
i960

Jan.
I960

.^5
14

48
15

45
i 14

43
40
17

44
42
14

4.3
41
16

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




G. 17

Peicral
?. 13. r-ve

- i

Total

, . ::onth

1
|

Y.-ir

I

::onth

a.;c

!

nro

a^o

:

-53

;

-si

'

;

-

^

j

-

5

1

~

!

-

- -62

:
1

-

-62
-60
-51

Cash

'

-64

6

-

5

1

-

4

.

i

-65

-61

;

i

•

-64
-r-

-62
-60
-6 4-

2

- 4
0

receivable,

i

-10

!

-58

+

6

-52

-

4

-64

-56

-15

-62

. ' -

5'

!

-55

+

5

-

6

i
1'-

-50

-

2

-

0

- 7
-'4

-65

9

j•

-54

-60 i

-

l

i

-60

-

-

^

-60

-

2

'

-51

-12

-

2

-59

+

• -65
-60

"-12

•

6

-62

-

-65

1

-

9 '
5

.

end

of

month

changes)

Charge

a: c o u n t s

..^nth

Year

Instalment
. Xonth

afro
|

0'
" n
..-is

CIevelani

;

• -22
-20

.%tlnta
"1/5

-

1

r 11
-

J;

•r 1

1

-

2

-

1

. 0

-

1

-

9

•+

5

+

-

5

' | . +

+

-1

-

5
•

-rl4
. -15

a-'O

-

.+ 4

-11
:ity

Year

arO

•+ 1




6

-69

?

I

I
:

K a m a :

8

-

-11

|

Philadelphia
Riohzcni

-

-

0

:icrrict

:iew Y o r k

•

-59

- + 2
- 1

(Icrccntr-zre
:.r.l

Year

: ionth

120

-66

5
6

'

-44
-41
-43

-

1

-•15

'

+

2
7
6

+14
-,26

•

-

1

.+ 8
.+

6

1
9

- 4
+

6

t- 4

1

Accounts

.

a^o

-65

'

-53-

' -

-65

6

!

i

-

-60

saJ 5 3

Year

Month

&f%0

-6$

Instalment -

sales

Year

-67.

n

C h c r g e -- a c c o u n t

sales