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BOARD Or GO^/ERKORS OF' TI3E "FEDERAL RESERVE SYS TEH.
&:ay 4 , 1945
R&S dsc - 30
DEPARTLEK? s t o r e c r e d i t
. LARCH 1945

•

;

".'

.

I n s t a l m e n t a c c o u n t s r e c e i v a b l e a t d e p a r t m e n t s t o r e s showed l i t t l e
char.go i n L a r c h , and a t t h e end of t h e month were . i n ' s 11 g h t l y s m a l l e r volume
•ths-r. a y e a r e a r l i e r . ' 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 12 p e r c e n t
•in Larch, end t h e c o l l e c t ! on r a t i o r o s e s i x p o i n t s t o 36 p e r . c e n t . The a v e r a g e
p e r ! cd t h a t i n s t a l m e n t . a c c o u n t s were o u t s t a n d i n g was a b o u t f our and o n e - h a l f •
months, " a p p r o x i m a t e l y t h e same l e n g t h of t i m e a s i n . t h e c o r r e s p o n d i n g month
li 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 i n c r e a s e d by s u b s t a n t i a l l y more t h a n t h e
c u s t o m s r y s e a s o n a l amount, and were a b o u t o n e - f i f t h l a r g e r than & y e a r e a r l i e r
• C o l l e c t i o n s ' o n c h a r g e . a c c o u n t s showed a s m a l l ' d e c l i n e , as i s u s u a l i n March,
b u t t h e c o l l e c t i o n r a t i o r e a c h e d t h e high l e v e l of 6 6 " p e r • c e n t , a s compared
w i t h 61 per c e n t i n t h e t h r e e p r e c e d i n g , months.. Charge a c c o u n t s w e r e o u t s t a n d i n g , on t h e a v e r a g e , a p p r o x i m a t e l y : ' 4 6 days i n UarCh,. a b o u t one d a y l e ss tian •
i n Larch 1944. •
• ". • •
• ' =
:
.;
.
. .
Both cash and c r e d i t s a l e s showed c o n s i d e r a b l e e x p a n s i o n f r o m F e b r u a r y
t o L a r c h , a t t r i b u t a b l e , ' i n l a r g e p a r t , t o E a s t e r b u y i n g / Cash s a l e s , w h i c h
amounted t o 62 per' c e n t of the t o t a l , were a p p r o x i m a t e l y o n e - f o u r t h above t h e
volume of l a s t y e a r . C h a r g e - a c c o u n t s a l e s ' a l s o . ' w o r e , about . o n e - f o t i r t h g r e a t e r '
t h a n i n the-, same p e r i o d -of 1944, v M 1 e i n s t a l m e n t s a l e s r e m a i n e d . a t t h e ; l e v o l
cf a y 6 a r a g o . "
'
:'
:'
•
' . r.
'
"'
Department S t o r e S a l e s , Accounts 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
• Larch 1944
;
February
to
to'
Larch 1945
March 1946
S a l e s d u r i n g month
•
Cash
'
" :
I r s talme nt
Charge a c c o u n t
Accounts r e c e i v a b l e , end of month
Instalment accounts
Charge a c c o u n t s
• C o l l e c t i o n s d u r i n g month .
I n s t a lm...r.t- a c c o u n t s
Charge u c c o u n t s

+41
+28
• +44

+26
• 0
+24

- 1
+14

+21

+12
-

6

-

2'

3
+20

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
Lar.
Feb.
1944
1945'
1945
•'"go 7 "
Instalment accounts
"36".
Chargo a c c o u n t s
61
65
p66


p - Preliminary.


DEPART:. 3I\T STORES - : J RCK 1&45
%Fh e r d C n d i t E & l e s . bv" i-e'derc 1 Rogervo D i c t r i c t s
F~;- j-_ r r 1Hvf • rv,;
LI s t r i c t -

Ci sh E!, l c s
Feb.
1945
1944
r

zrston
Fork
Ph'llG.delrhiG_
Civ v; li r.i
F i chr^ond

S ( . F r c . n c i see

ZIP
554
225
r /1
265
•304
555
2 71

124
129
160
159
161
255
165
rl69
179
230
2 75
210

U. S . T o t c l

£30

I r. de xe ?.; 1041 v o r a f e ~ ICG
Che r r e - t o count"
IrstFTn-• n t s t i u s
"~r~ F e b .
^- A t Fob.
i.xr«
1944
.1045
19-: 5
1945
,1945
19'44
75
81
89.
64
77
85
63
62
87
73
79
60

155
150
192
179
185
266
178
18-7
193
231
292
223

C:l- S t . Louis
:

":':

'~>r-1

C_r-

f

66

r53
. 62
53
56
51
95
.r4S
57
70
78
71
-• 52

. 163

190
252

135
122
146
• 145
149
182
133
142
142
144
175
139

60.

. 79
71
69
91
61
79
89
71
23
72

141

57

104
97
121
112
122
133
108
115

res.
80
" 95
96
105
117
r97
104
97

106 .

-106

118
152
120

98

114

' 112

145

• ' A c c o u n t s H - j c o i v a b l e and C o l l e c t i o n s , by Fodor&l Re s e r v o D i s t r i c t s
.".ccounts nutsti_r.dixK, v] d of
; 1 9 - 1 t\ rt . - = 100.
Cn >b > co oui.ts
I:
Fob.
1 b . ;.x>r.
I f - 5 19^5 1S44 1045 19-^5 19^4

Fodorc- 1 .
District

Ecrt-

59
4c
42
T 7
V
•- 7
47
32
• 37
-- 6

P h i l c . IrhisC1- : l i -.r
.-t 1:.:
Chi :• :'-o
: t . : u.s
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-

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38
:6
4c=
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ro 7
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s . : ? t - 1 ! pi 9
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. 51 | 89
40
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38
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98
35
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93
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92
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95
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52
76
87
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. 86
93 . '94
86
80'
P7
82
79
72
77
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9; 0'
86
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86 • 78
»•:

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54
i

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C o l l o c t i on r>-'t i o s *
1: stfclniont
...r r .
F." b .
1945 1945 1944
29
29
37
p37
31'
'41
4i
43 .
46
3^
p36

24
26
29
32
25
28
34
35
36
r39
52
r34

32
28
35
39
30
30
46
42
•j. 3
43
38
•a.

30

36

Cr.c-rri; ("ccounts
r vb.
1945 . 1945 1944
' !• «
55
53
I 56
63
i '64
60
1 pC5
54
i ^
. 50
i 56
: 74
r66
70 ; r64
i
80
73
76
67
68
65
, 74
68 |
' p66

61

58
53
65
66
56
54
74
69
79
73
67
72
65

i

i u r i n r ::.crth : s p e r c e n t of a c c o u n t s r c c o i v a b l o r t l o r i n r i n r

of

• d c « t » \ . c.rv br-sed on r e p o r t s of f.-.bout 4 75 If-rfro d u p a r t n . ^ n t s t o r e ? r c - p o r t in-; : 1 : r by t y p % of t rcr.ru - t i on, r.oro t l . i . r 4 00 ht.vlr.f cr.br r e & c c o u n t s and
^ b c u t 300 n n v i n c i r s t r l n i o n r n c c o u z . t s .
Peek f i r ' u r ^ s ::.r.y
o b t a i n e d on
r ^ - u . s t f r c r . t h e D i v i s i o n of Fvso&rch &nd S t a t i s t i c s .