Full text of G.17 Department Store Credit : March 8, 1961
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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