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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

S
f

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 r nt s r lc?
-v
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- - ' RvrerV'.
1
District

: e . York /
:v'
. 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

i
Accounts cutrtendi::-, en' 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
r 0"'r.
: v r. F*' h-,hrr, 'v- r .F,h. '' r.
r. F< O ; ,
?'-b. :>p.
•
1943 1943 1912 1943 1943 19:2 .19,3 19:3 1942 ,1943 1913 1942
4 7 ^51
98
00
64 101
15 r 4 9
97
!
!
09 ill
C9 103
1 GO
j 0 a. 65 108.
95
' !
54
C3 111
- T7.
1
! 00 I ; 9 93
• 5 104
3
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
r
c7 ;C7
• ! 32
j
C3
35
CO
Cf ; .h 1
'd

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 . ' r re. r - n--d cn r^nortc of "rout 475 Verge de r < r r- . t ctor-rs
- -t"
>
>.t:.n
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 .
-.