Full text of G.17 Department Store Credit : May 6, 1958
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE STSTEM G.17 May 6 , 1958 DEPAHTMENT STOHE CREDIT ' - -'MARCH 1958 • . I n s t a l m e n t accounts o u t s t a n d i n g a t department s t o r e s dec l i n e d s l i g h t l y i n March, as has been u s u a l i n r e c e n t y e a r s , but continued 5 per c e n t above the year ago l e v e l . The Match instalment. . .. c o l l e c t i o n r a t i o a t 15 p e r c e n t was- up 1 p o i n t .from t h e previous, month, \ Charge accounts r e c e i v a b l e declined,.5.per c e n t during t h e month, somewhat l e s s t h a n s e a s o n a l l y , arid were i p e r cent above the. ... year ago l e v e l . C o l l e c t i o n s on. charge accounts amounted to lt9 per c e n t of f i r s t - o f - m o n t h b a l a n c e s as compared with Mi p e r c e n t a month ago and lt8 per c e n t a. year ago. The t o t a l of cash and c r e d i t s a l e s a t r e p o r t i n g department s t o r e s were 36 per cent above t h e previous month and 3 per c e n t above a y e a r ago. . -• .•» Changes i n Department Store Sales and Accounts Receivable Percentage charze from: Item \ Sales during month; Motitn . ago . ^otal Cash Charge Instalment + 36 + 37 + 39 + 26 . Accounts r e c e i v a b l e , end i>f month: i Charge Instalment Year ago • ' ' + 3 *3 + b - 5 ' - 1 +1 +5 . - X X C o l l e c t i o n R a t i o s and Percentage D i s t r i b u t i o n of Sales Item Collection ratios l / : ' • Chai-ge accounts I n s t a l m e n t accounts Percentage d i s t r i b u t i o n of s a l e s : ; ' • Cash , Charge Instalment Mar. ; 1958 Feb. 1958 h9 15 hU ll U3 - LU h3 1U MarZx 1957 hd' 15 UU h2 " lU • • h3 13 l / C o l l e c t i o n s during month - as a percentage of accounts r e c e i v a b l e a t beginning of month. CZPLRTIiE-CT STGRZ CFJDIT - IL\RCH 1?S6 Sales bv type (Percentage changes) Total sales -Federal serve 'District Boston Ke%.-York Philadelphia . Cleveland Richmond Atlanta Chic.; JO St. Louis Minneapolis Kansas CLtDelias San. Francisco Year a~o Month Year ago + 39 +Lo + L7 *11 + 30 + 10 + 5 + 5 + S - 1 - 1 ' + 3 3 + 1 + 'U-. + 1 - l CE! + 3? + 37 + 2? '-31 +29 + 32+ 2h + LQ + 7 + 1 + 3 0 + 2 '' + h + It + 1 : : • + 33 + 3:? + 26 -3L - 30 + 31 + 26 . j + 3 + 37' - + 36 U. S. T o t a l Cash s a l e s I:o nth ago £ '+ 3 Charge-account sales • Year ago Mo nth a l-'o *$0 + 12 + ^2 + 37 • + 16 + 36 . + 36- + 32 + 33. + 30 + 33 + 32- + 12 + .2 +. 6 + 7 + 3 + h + 1 + 5 + 8 + 1 + 6 - 2 + 16 ' + 6 .+ 1-0 + 1U + 29 - 2 + 8 + 19 + 2h -2 + 11 ' bO + 33 -11 ' + 20 . 0 + 11 + 20 + 18 + 20 • + 5 + 27 + 7 + 12 + 39 + + 26 h I Accounts r e c e i v a b l e , end of month (Percentage changes) . Federal Reserve District Boston ".Jew York Philadelphia Cleveland . Richmond Atlanta Cnicago S t . Louis Minneapolis . Kansas C i t y Dallas San F r a n c i s c o u. S. T o t a l | Charre accounts • Year 1 ivb nth ago 1 o + 12 . - h - h-' -10 - 7 - - 7 - h -10 . - 5 . 1 +: + + + 6 1} h . 2 2 0 - 2 0 • + 2 + 1 0 1 -11 , ! 1 + 1 Install! lent sales Mo nth Year ar,v I n s t ; alment Year Mo nth ago aro -1 + 13 - 3 0 + 11 - 2 * 1 + 3 - li - 2 - 1 + 12 -h 0 -2 • +3 -3 0 -3 -li -li -2 . -2 -2 -1 ' + 5 + h