Full text of G.17 Department Store Credit : November 3, 1960

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.17

,

November 3 , i 9 6 0

DEPARTMENT STORE CREDIT - SEPTEMBER i 9 6 0
Instalment account r e c e i v a b l e s a t r e p o r t i n g department
s t o r e s r o s e 2 p e r c e n t i n September a n d j t r e r e c o n s i d e r a b l y " h i g h e r
t h a n a y e a r e a r l i e r . C o l l e c t i o n s on i n s t a l m e n t a c c o u n t s r e m a i n e d
a t 15 p e r c e n t o f o u t s t a n d i n g s a t t h e b e g i n n i n g of t h e month.
Charge a c c o u n t r e c e i v a b l e s i n c r e a s e d 7 . p e r c e n t i n
September and r e m a i n e d somewhat above a y e a r a g o . About 46 p e r
cent of charge account r e c e i v a b l e s o u t s t a n d i n g a t t h e beginning of
September were c o l l e c t e d d u r i n g t h e month. ;
S a l e s a t r e p o r t i n g s t o r e s increased, s e a s o n a l l y i n September
b u t were s l i g h t l y s m a l l e r t h a n i n September 1959.
Changes i n D e p a r t m e n t S t o r e S a l e s and. A c c o u n t s R e c e i v a b l e '
P e r c e n t a g e ,c h a n g e : f r o m :
Year
Month
aW
' aao
'

Item
S a l e s d u r i n g month:

Total
Cash
Charge
Instalment

i

Accounts r e c e i v a b l e j end o f month:

Charge
. .
Instalment-

+4
+1 .
+
7
+4 •

+

+7
+2

+ 3
+10

1
1
2
3

C o l l e c t i o n R a t i o s and P e r c e n t a g e , D i s t r i b u t i o n o f S a l e s

Collection ratios l / :

<

;

Charge a c c o u n t s
Instalment accounts

Percentage d i s t r i b u t i o n of s a l e s :

Cash
. Charge
. Instalment

Aug.
I960

Sept.
1959.

46
15

47
.. 15

47
15

42
43
15

43
42
,15

42
43
15

81

Item

.

l / C o l l e c t i o n s d u r i n g month a s a p e r c e n t a g e o f a c c o u n t s r e c e i v a b l e
a t b e g i n n i n g of month.




lEFARTI.IZn? .ST03Z CRZ.1I: - ShPT5 3LR lycO
S a l e s by t y p e
( P e r c e n t i l e changes)
heieral

To r a l s a l e s

-

~h
"""

r

"

?

"

!

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"
he:.' Y:rh
Phils Llehia
Clev hi..::. 1
hic:.m:ni
''.
Chi
St. L:uis
'/:inne=;.OLi?
ha
:t:y

<
'
I
'
J
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'
=i

----V
'
- -Can " r a n c i s c o '

Jasa sales

her t h
5.-'0

i
i

Year
age

:
i

+15
-19
-19

,

+2

|
;

:

•+:

zJ

-16
- 4
+ 2
- 4
i
- 1
- 5 . ,
- 5
i
. -14

honthago

Year
a.^o

^ 3 count 1•, I n s t a l m e n t
.
sales
sa LCS
|
1 : :onth 1 Y e a r ; h o n t h | Year
:
a%o , "a^o. |
2f;o
i
aro

+10
+19 • !
- -5
+14 .... . - 2 .
.+27
i
+16
+ 22
:
-3
s
!
+8
+' 3
0
i
0
+27
+ 9 ..
1
!"•
, ^ -ll
- 7
i
i
-5' j
-1
!• + 4
1
- 1
i
+ 2 . I
I
- s
-5
;
0
+ 4
!
- 7
- 1
-2- |
:
- 9
1
;
- 7 '
- 5
i
0
-.15
i
.1
i •

!

-6

!

-2

!

-1
5
-4

+

I
|
;

+1

r
,
i
i .
o
i
-2 • ,
"4
I
1
-5
"5
"7

.-.ccount3 r e c e i v a b l e , end of month
( P e r c e n t o r e changes)
Charge a c c o u n t s
honth Year
'• • "0
ar.ro

:eieral
heserve
District
Boston
hew Ycrh
Philadelphia
C'lvvelanl
hich...:na
Atlanta
h-.icagc
.:t. i o u i s
hir.nespolis
Kansas C i t y
Pallas
Jan " r a n c i s c o




|
i
i
!
|
i

j
|
j

- 7
+U
* +' 8 '
+ 6
+ 7
-'5
+ 10
+ 3
+14
+ .6
- 5
- 2

:

' +'4
+ 4
- 2
+ 4
• - 1
" - 3
+ 4
+ 8 + 9
+ 5
+ '2
- 1

Instalment
honth j
Year
a-co
i . a.to

|
;
:
1.
1
;

o
'
+6%'

.

'

+6
0
+2
xl
+2
-2
-2
0

i
|
:
!
|.
,
i

. 9
+7
-1"
+15
- 2
+ o
-r-11
+7
+21
0
-15
-r 6

+23
+21 "
+16
+ 6
- 6 + 7
-17
j1
+ 3
- 6
- 6•

+ '3
+ 5
+ 1
+ 5
+ 4
- 1
- 4
- 5
+17
- 2 .
+ 1 •
+

2