Full text of G.17 Department Store Credit : May 5, 1943
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. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYS TBI:' \ M a y S , 1943 R&S dsc - 6 DEPARTMENT STORE CREDIT . TTarch 1943 = '' . " At department stores -instalment accounts outstanding at "the end of March decreased by somewhat more than the usual seasonal amount and continued substantially below the year-ago- level, Collections on instalment accounts rose 4 per cent, resulting in a collection ratio of 31 per"cent, as compared with 28 for the preceding month .and 22 for the corresponding month last year.. Charge accounts receivable showed little change -in March, and at the end of the month were 27 per cent below the corresponding, date of 1942. Collections on charge -accounts "declined 4 per cent in 'larch, but were 1 per cent larger than in the', same month..last year, • The ratio of collections in March.to accounts receivable at•the beginning of the month was 62 per cent, 16 points above that for a year ago. In March cash and charge account sales showed slight ga-ins •• over the February volume, Cash sales, amounting to about 59 per cent of the total, continued well above the year-ago level. Instalment' sales declined 5 per'cent from February to March and were .37 per cent below the corresponding month of 1942 f Charge account sales were down 8; per cent. . Sales'by type of transaction, accounts receivable, ^nd collection ratios by Federal Reserve Districts are shown on page- 2. Department..Store -Sales, Accounts' Receivable and Collections Percentage change from; February 1943 ". March 1942 • to to March 1943 'March 1943 Sales during month +29 ~ +4 Cash . -37 Instalment -5 ' +1 Other credit - 8 Accmints receivable,•end of month -8 —48 ^Instalment accounts Charge accounts ' " . -27 -1 Collections during month . 4-4 " -19 Instalment accounts Charge accounts _ '• -4 • ' . .. + 1 Ratio of collections during month to receivables at beginning of month . Instalment accounts Charge accounts March 1943 31 62 February .. 1943 28., 61 March 1942 22 46 Sf D-. co r try r.t S tor< C n sh r. nd C rod it S - It s, • ' ' by Federal Roscr-Vv Districts 1 Cnsh Xr.r. 1942 to - p:-.ibnd-_lo!;i" T.:: vdnntn Chicnco . St. I_o-is /'inn* rrolir "K-:is%s City 1 : 1 : • S' n Frnncisco ".-S. +10 -11 - c + s + 4 - 2 0 - 1 - 3 - 7 - 2 -r J Other e n d Instf. 1-rv nt s r lc? from: Pe rcer.tr ~e c hen ge f r ont Percent" g-. ch* n r. 194: Feb. 1943 I Feb. 1943 I Xor. 1942 | "to . to I .. Xcr.. 1943 +17 | +14 +25 +27 . +26 +33 +22 +27 +39 ' +62 '. +05 , +58 ". +2 9. 1 1 ! ! - 2 +4 -15 + 2 -30. - 6 -11 -17 -13 *-15 + : - o • • • +3 +11 1 +' 3 + 2 C - 7 - 4 - 2 - 3 -31 . -2 -35 -15 -41 0 . -21 + 1 -3 7 -29 -27-40 -47. -42 -48 -42 -15 ! 3 -ii -ii + 4 >11 - 3 1 • Department Store Accounts 'So. c-. iv.bV <• r.d Coileotionc, by Fcdvrv.l lies^rvo ' Districts Fe-der- -1' RvrerV'. District ::ev.' York / . Phi V del phi;' " 3 I'-velnnd . Richmond • -OMer:tn Onicngo . . St. Lou 15 O'inne'nTolis h^nces City IVr " - 3' n ^r-..nc incc Accounts cutrtendi::-, en'i of month •—Collect ion rrtios* Ir.de xe s: De c . 21, 1939 = 100 rourtr .In.it' 1m nt Cher f, Ch^rro C.ccountF Inrt-lm' nt : v r. F*' h-,hrr, 'v- r .•F,h. '' r. r. F< Or; ,0"'r. ?'-b. :>p. 1943 1943 1912 1943 1943 19:2 .19,3 19:3 1942 ,1943 1913 1942 4 7 ^51 98 00 64 101 r 15 97 ! 49 ! 09 ill C9 103 1 GO j 0 a. 65 108. 95 ' ! 54 C3 111 -1 T7. ! 00 I ; 9 93 •3 5 104 7 | •32 121 3 5 • -i : OB j102 1 73 02 CO * ^70 C3 01 20 29 33 30 | 9C I 33 | 100 1 . 2-3 . 72 ! C2 C3 ! 39 •52 C-; ! 31 C7 0 • J00 j 30 57 c 7 ;r C 7 • ! 32 j C3 35 CO Cf ; .'hd 1 25 ! 2G -50 24 25 56 31 34 30. 27 r29 28 54 i"53 49 20 20 ' 51 51 ;• 7 03 02 21 03 33 23 08 13. 55 30 57 17 54 00 73 70 23 63 00 C7 22 54 77 77 23 6 9 TOO ! 4 7 23 62 64 •:0 17 6 8 rG5 21 •;-o 62 22 61 r ; d. : -"• * Collections- during no nth- ns pe r cent of v.ccour.ts ' t beginning of month. • <-6 d-.t'" r re. r>- n--d cn r^nortc of "rout 475 Verge de r><.rtr:-..nt ctor-rs rer-ortin- s'- les by type rf tr".r.c-ction, nor-. th"r. 1-CO having ch'vrgc r.ccoun*-?. - nd "0 : ut .300 h v ing inst' Im-Or.t ; c-c cunt r.. r r ck f'irur- s mc.y b-.. be-- in--d or. re-pivst frcn th-e Division of Resc.rch f-nd Statistics .