Full text of G.17 Department Store Credit : November 13, 1964

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statistical

r e ! ecu

/

1964..

EDIT - September 1964
, ^
j n t s r e c e i v a b l e of r e p o r t i n g department
p e r c e n t in, September, a month i n which l i t t l e
changets»<ys#P4b
accounts a r e running c o n s i d e r a b l y . l a r g e r
t h a n l a s t y e l h s ^ b u t tffemain o u t s t a n d i n g no l o n g e r ; o n t h e average
t h a n i n 1963, xvhetMjhe repayment p e r i o d averaged about e l e v e n months.
Charge account i n d e b t e d n e s s showed the 1 u s u a l . s e a s o n a l
i n c r e a s e i n September b u t continued t o r e g i s t e r s m a l l e r y e a r - t o y e a r g a i n s t h a n i n s t a l m e n t credit# c a t a t a n d i n g . Charge accounts
were p a i d o f f a t a f a s t e r r a t e t h a n i n t h e p r e c e d i n g month or>r
i n September l a s t y e a r .
* ::"
Department s t o r e s a l e s
i n c r e a s e i n s e v e r a l y e a r s , most
i n t h e n o r t h e a s t e r n p a r t of t h e
more widespread i n c r e d i t s a l e s

showed t h e l a r g e s t September
of ther g a i n b e i n g c o n c e n t r a t e d
C o u n t r y . Expansion appeared
t h a n i n cash t r a n s a c t i o n s .

'i For t h e n a t i o n as a whole, charge account s a l e s were
up 7 per- c e n t and i n s t a l m e n t b u s i n e s s 5 p e r c e n t from August,.
b o t h r e p r e s e n t i n g more t h a n s e a s o n a l increases# S a l e s - o f a l l
types were w e l l - a b o v e September 1963.

/

,

Department S t o r e C r e d i t
Accounts r e c e i v a b l e , end of-month
C o l l e c t i o n r a t i o s 1/
Percentage increase;percentage d i s t r i b u t i o n
or d e c r e a s e from:
° Month ago ffear ago Sefrt.^64 Aug;.'64 S e p t . ' 6.3 Sept. '641 Aug,/64 Sept'63
Charge
Instalment

1

40

10

60

:

39

.42-

49

40

48

61

• 58

17

17

17

Department S t o t e S a l e s
Item

6

5

12


http://fraser.stlouisfed.org/
b e g i n n i n g of month.
Federal Reserve Bank of St. Louis

\

s

7

w
35
18

s

:

Percentage: d i s t r i b u t i o n
August '64. Seotember'63
, 100
100.
' m-

1

Instalment

\

9

Cash
Charge

.

I

Total

Percentage i n c r e a s e
. o r : doer d o s e f r o m . : . .
Month aeo Year aeo
9

'

.

44

42

38

40 .

\

18

18

DEPARTMENT STORE CREDIT - September 1964
S a l e s by. Type
P e r c e n t a g e i n c r e a s e or d e c r e a s e ( - )
Federal
Reserve
District

Total sales
Month Year
ago
ago

Boston
, New York
Philadelphia
Cleveland
. Richmond
Atlanta
Chicago'
S t . Louis
Minneapolis
Kansas C i t y
Dallas
Sari F r a n c i s c o

13
16
22
3
2
- 6
-.
-

1
7
o
5
9

Cash s a l e s
Month, Year
ago
ago

Charge - a t - : I n s t a Iment
s a Les
count s a l e s
Month Year Month Year
ago
ago
ago ago

:

9
i o -•9 '
14
; 25
4
10
9
15
9
4
- 1
12
; 5
6
4
. .r 3.
/•8
-11
i
10 .
9
0
3
9 ;
7
- 6
7
2
11
10
-11
'• - 3
10
12
-14
- 2
15
17 .
.- 1
15 . : S
15
- «

7
- 3
5
2
5
6
15
6
10
11.

18
11
18 :
2
26
18
6
12 .
2
7
- e
9
4
13
2
" 7
- 4 •••• 1
- 6
14
- 5
22
19
..
- 4

Accounts Receivable, end of month
Percentage i n c r e a s e or decrease ( - )
. federal
• • Reserve:
District
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
•
• Chicago
St. Louis
Minneapolis
Kansas. City
Dallas
Sari Francisco




Install ment
Month * Year
ago
ago

Charge accounts
Year
Month
ago
ago
7
4
- 4
11
- 1 - -1
8
10 V ' 1 5
8
1 .
6 *-• - 3-. /• 3
- 2
3
n
9. •
i .
5 ;
;
3/
. 5
11
6
. •••=..
1

;

1
2
4
3
0
0
5
2
2
2/
1

0

6
9
- 1 8
8
4
18
:

16
4
11
10