Full text of G.17 Department Store Credit : May 4, 1945
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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 . 163 190 252 C:l- S t . Louis : ":': '~>r-1 C_r- f 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 66 r53 . 62 53 56 51 95 .r4S 57 70 78 71 -• 52 135 122 146 • 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 TV 7 •- 7 47 32 • 37 -- 6 P h i l c . IrhisC1- : l i -.r .-t 1:.: Chi :• :'-o : t . : u.s --1_For:' ^ C i " •DMlr,E . - j, 38 -17 41 38 :6 4c= 37 8 r.2 ro 7 r5-- ; i7 32 s . : ? t - 1 ! pi 9 . . 1 J : 11:-it 1 ?nr •• 0 i 33 I .99 . 51 | 89 40 103 ^99 38 45 94 100 45 98 35 100' 93 43 •U 92 •5 o 95 35 91 52 76 87 85 .78 77 . 86 93 . '94 86 80' P7 82 79 72 77 r82 9; 0' 86 7582 86 • 78 »•: p9C 54 i 79 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 ;i r64 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 .