Full text of G.17 Department Store Credit : November 4, 1949
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1W BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.17.3 •' . " ' November L, I9h9 DEFARTI.JSNT STORE CREDIT ; ... SEFTELESR 19it9 ' ' ' I n s t a l m e n t "accounts r e c e i v a b l e of department s t o r e s i n c r e a s e d 6 per cent i n September and .continued w e l l above year-ago ' l e v e l s . C o l l e c t i o n s • on t h e s e - accounts a l s o r o s e moderately during the month and when r e l a t e d t o ... •September 1 o u t s t a n d i n g b a l a n c e s y i e l d e d a c o l l e c t i o n , r a t i o "of 23 per cent-,, the same as i n August. ' " ' Charge accounts outstanding-were up s u b s t a n t i a l l y i n September a-s i s customary a t t h i s - t i m e of the y e a r . C h a r g e - a c c o u n t balances a t the end pf the. ' month vrere s t i l l somewhat.below those of a year e a r l i e r . C o l l e c t i o n s on' charge accounts remained a t the August l e v e l but the r a t i o t o f i r s t - o f - m o n t h accounts r e c e i v a b l e r o s e one .point t o 53. per c e n t . •' Department s t o r e s a l e s showed more than the u s u a l seasonal r i s e i n September with s u b s t a n t i a l ' g a i n s r e p o r t e d f o r both cash and c r e d i t t r a n s a c t i o n s . Charge-account b u s i n e s s , which-customarily expands more r a p i d l y than e i t h e r cash or i n s t a l m e n t s a l e s i n September, was 25. per cent l a r g e r than i n S u g u s t ^ Ca^h .sales were up 16 per cent and i n s t a l m e n t s a l e s 1U per c e n t during the month. Only i n s t a l m e n t s a l e s exceeded, the year-ago volume i n September . Department S t o r e Sales1,- Account's Receivable and. C o l l e c t i o n s . ..percentage change from:' ' Aug. 19h9 S e p t . 1918 to Mo S e p t . 19h9 Sept. 1919 Item' S a l e s during month Cash Instalment • Charge account ; ' . Accounts r e c e i v a b l e , end of month . I n s t a l m e n t accounts Charge accounts : C o l l e c t i o n s during month Ins ta lme n t accounts Charge accounts . • +16 - +1U +25 ;• : • • ; i " + 6 +13 ' ; , ., !; - 9 . . +3 ; " 5 ' •: + 9 " - 3 .- + 2 . . ..i.o + 3 - •2 ; v - . Ratio of c o l l e c t i o n s during month t o accounts r e c e i v a b l e a t beginning of. month,? :. •*,"' • . • '... S e p t . Aug. . ,S.ept. ' • 19L9 . 19U9 1918 • Instalment.accounts Charge accounts 23 53 23 52 i ' W IE.—Figures f o r September 191:9 a r e p r e l i m i n a r y and s u b j e c t t o r e v i s i o n . O G.17.3 - 2 DEPARHZNT STORES - SEFT2L3ER" 19h9 ' Cash and Credit S a l e s , by F e d e r a l Reserve D i s t r i c t s Federal Reserve District , Boston I lev; York Philadelphia Cleveland Richmond ' Atlanta . Chicago S t , Louis Minneapolis Kansas C i t y Dallas San Francisco . lT. "5. Total Ca sh s a l e Sect. Aug. 1919 19L9P 19hi aver,are = 100 Charge-account s a l x Ins-taLmert Sept. Sept. Sent. Aug. Sen;,. Aug. 19'i > 1919 19W 1919 19L9P 19b9P Indexes; Sent. 19W 208 198 203 189 203 219 220 215263 277. 219 199 160 153 161 183 165 235 135 202 223 256 228 217 221; 215 231 225223 280 233 2),0 276 303 29h 229 202 252 - 177 225 156 2192C6 2-05 169 '153 .301312 221 ' 17k . - 282 #1 201 21L 231 2L8 1:13 373' : 183. .205 197 213 232 232 172 300 182 26L 227 213 36L 205 210 181 231- . 223 216 195 205" 138 186 127 216 151 208 179 167 227 .266 • 217 2# 177 .221 182 "228 * 203 * 196 237 226 29lr 209 199 217 173 221 195 223 225 2hl 278 229 239 250 238 316 217 228 Accounts Receivable and C o l l e c t i o n s , by F e d e r a l Reserve D i s t r i c t s Federal Reserve • .District. Boston • New York Philadelphia. Cleveland Richmond - Atlanta. Chicago S t . Louis• I/lnneapolis Kansas City Dallas San F r a n c i s c o U. S. T o t a l Accounts outstanding.end of month collection Indexes; 19L1 average = : 100 . Instalment Char;ge ac counts stall.:!ant Aug. Sept. Sept. Aug., Sept. Sept. Aug. Sept. 19L9D 19k9 1 ^ 8 lpL9p 1919 19L0 19l9p 19^9 1913 ratiosCharge accounts S e p t . Aug. S e p t . 19i#P 19^9 1918 1L6 •131 l6h 181 138 265 ; 132 j 191 I 153 "190 295 173 13k 12L 156 179 131 216 119 180 119 179 270 16a 115 122 153" 186 116 222 llh 170 161 198 275 152 160 16L 200 186 168 200 137 21k 180 188 195 177 137 113 171 166 117 178 158 19L 152 16^ 167 177 18 18 172 170 30 . 23 19 196 19 20 20 198 13 167 19 203 15 15 ko 193 39 20 21 218 22 . 23 186 22 22 181 13 20117 187 -23-1 25 .20 2k 22 21 22 18 ko 23 2k 22 18 28 51 i;9 50 .15 k8 18' 50 51 39 39 38 35 6k 63 50 52 62 • 60 53 51 58 57 66 65 165 155 151 182 161 188 2k 53 23 23 52 51 50 50. 51 37 38 61 52. 61 56 57 63 53 P -^Preliminary * - C o l l e c t i o n s during month as percentage of accounts r e c e i v a b l e a t beginning of month. These data are i n process of r e v i s i o n . 1-OTE.—These data a r e based on r e p o r t s of about kl5 l a r g e department s t o r e s r e p o r t i n g s a l e s by*type of t r a n s a c t i o n , more than kOO having charge accounts and about 300 having i n s t a l m e n t accounts. Back f i g u r e s may be obtained on r e q u e s t from the Division- of Research and S t a t i s t i c s .
