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BOARD OF GOVERNORS OF. THE FEDERAL RESERVE SYSTEM
November 10, 195$

G.17

DEPARTMENT STORE CREDIT - SEPTEMBER 1958
Instalment accounts outstanding at
increased 1 per cent during September and at
2 per cent above a-year ago. Collections on
September were 16 per cent of first-of-month
above a month ago.
. .

department -stores
the month-end were
these accounts in
balances, 1 point
;

Charge account receivables increased 10 per cent during
September, somewhat more than seasonally, and were 2 per cent
above a year ago. Collections amounted to 48 per cent of firstof-month' balances.
Total sales at reporting department stores were 6 per
cent above the- previous month, reflecting increases in both cash'
and credit sales. Compared with September 1957 total sales were
up 3 per cent.
.
- ,
Changes in Department Store Sales and-Accounts Receivable
Percentage change from:
Year
Month
RRO
a&0

Item
Sales during month:

+ 6
+ 1
+11
+ 7

Total
Cash
Charge
Instalment

Accounts 'receivable, end of month:

+3 .
+1
+3
+3,

-

+2
+2

+10
+ 1

Charge
Instalment

Collection Ratios and Percentage Distribution of Sales
Sept.
1958

Item

Collection ratios l/:

Charge accounts
Instalment accounts

Percentage distribution of sales:
- ' '

"

Cash.
Charge
•
Instalment

48
•16
42
44
14

Sept.
1957

Aug.
.1958

•46
15

47.
"

1 5

' .44
42
l4

.

43
44
13

l/ Collections during month as a percentage of accounts receivable
at beginning of month.




3ZPAE-l.Zr;2 STCEE CPZDIT - 3EPTE2/BEE 1958
Sales ty typ=*
(Percentage changes)

Inderal

Charge-account
sales
1 Year
:
ago
ago

!

^ Tctal 201:5
s
i Cash E a l e s
: ^ear
Month i Year
1
?
a
ego
ago
S v __
Gc . !

.

Kc-serve-"

; Month

Dlstric--

Instalment
sales
!

Month

Month

I ear
ono

ago

; . +1"

;
:

-11

i
|

+13

+2

+18

1

+16

+25-

|

+2 0

>

'

+23

-

:

+19

+1

+33

;

+

6

+20

;

+17

Iphia

:

;

+19

+2

+27

+

6

+11

!

r.d
;

d

+22

i

+

2

:

^

i

5

-

;
:

!

j
3 • j

+

2

-3

+

4

+

2

+

-10

+4

+12

+

>

+ '3

-17

0

+

4

+

2

-

+

9

' +

-

'

;

+

1

;

'

+

4

»

+.2

:

-

;

-

2

!

-

:

.'6

Ci-.y

.

-

2

i.

r

I

U.

—

is
clis

~

-

3

: -

Isco
S.•Total

r

1

-

2
2

:

0

1

-'5

'
'

•

1
3

-

+

,

+

1'

1

-11

+4

j
1

-

5

-

1

+

7

:

-

+

;

-13

+1

'

6

+
-

3
4

+

i

+1

' +11

+

3

2

1

"

3

4 .

1

-

9

i

!

Accounts. receivatie, end of cc-nth
(Percentage' changes)
Federal
Reserve

rhar/r.e accounts
year
Month

District

+ 9

Boston
Nev

York

rhiladelphi a

Cleveland.
'lichnond
Atlanta

Chicago
St.

Lcuis

Minneapolis
Kansas

City

Dallao

San Francisco
j. S. Total




+18
+11

+ 7

+10
+ 6
+12

+13
+ 9
+7
+ 9

+ 1

+10"

- 1
+ 6
+ 5
0+ 5.
- 1
- 4
+ 6

+ 6
o
x 1
-10

.+ 2

+11

+

+

. +3

'Ins t a l i r e n t
M oa t h
n

• g°
+1
+1

YeZ
- 4
. +11

+1

- b
+ 2

+5
-i

+ 1
+ 2
- 1 '

-2

+ 7

-2

-1
-1
0

-13-

-

4

-

2

+11
+ 2

7

+

+

9
2

3

. +

'

1

+10
- +

3

2

• 0
+

•

+ .3

+1
+1

-r 4

5

+6

:

• 0

3

3

+

8

+

8

+

1

+• 4
i
:

+17
+

8