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