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BO/v '.J;

GJViWORf. OF 'LHIi; I'iLD^uVi,. WSZWh Z'itmU
O c t o b e r 2, 1944
T&Sdsc-23
. DEPARTMENT 3T0RE CREDIT
.AUGUST 1944

£ •:•

:

I n s t a l m e n t a c c o u n t s o u t s t a n d i ng a t d e p a r t m e n t s t o r e s a t t h e end of
August rG.r.ainod a t t h e J u l y l e v e l , and - were 16 per-' c e n t below a y e a r a g o . 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 i n c r e a s e d f i v e p e r c e n t i n A u g u s t , r e s u l t i n g " i n
a c o l l e c t i o n - r a t i o of 34 p e r c e n t , a s compared w i t h 30 p e r c e n t i n t h e p r e c e d i n g
month arid ZV. p e r c e n t i n t h e c o r r e s p o n d i n g : month l a a t y e a r . .. I n s t a l m e n t a c c o u n t s
werr' o u t s t a n d i n g , on t h e a v e r a g e , - n e a r l y f i v e months, about 15 days, l e s s t h a n -in
August 1043.
'
\
Charge a c c o u n t s r e c e i v a b l e showed somewhat more t h a n t h e u s u a l s e a s o n a l
r i s e i n A u g u s t , and were 11 p e r c e n t a b o t e t h e volume- of a y e a r - a g o . C o l l e c t i o n s
on- c h a r g e a c c o u n t s d e c l i n e d t e n p e r c e n t i n A u y u s t , b u t t h e c o l l e c t i o n r a t i o r o s e
t h r e e p o i n t s from t h e p r e v i o u s m:>nth t o . 64 p e r c e n t . C h a r g e - a c c o u n t s 'were c o l l e c t e d .in a b o u t 47 d a y s , -as compared ,-,'ith 49 i n t h e . c o r r e s p o n d i n g 1 month of 1943.
Both c a s h and c r e d i t s a l e s oV d e p a r t m e n t s t o r e s showed .-.bout t h e
c u s t o m a r y - s e a s o n a l e x p a n s i o n f r :m J u l y t o A u g u s t . - Cash s a l e s , which a c c o u n t e d
f o r about 64' p e r c e n t of the t o t a l , v.-ere- c o n s i d e r a b l y above t h e volume of a y e a r
earlier.
C h a r g e - n c c o u n t s a l e s a l s o showed a s h a r p ' A'scre.ase o v e r t h e " y e a r - p e r i o d ,
but i n s t a l m e n t s a l e s were f i v e p e r c e n t below thosc-i of 1945.
Department- S t o r e . S a l e s , A c c o u n t s - R e c e i v a b l e and C o l l e c t i o n s

—

S a l e s d w i n g month
. Cash
I n s t o Truer, t
•;
Charge a c c o u n t
A c c o u n t s r e c e i v a b l e , end of month
Instalment accounts
Charge a c c o u n t s
.
C o l l e c t i o n s riuring month
Instalment accounts
Charge a c c o u n t s

—

Pxrcentage changa'froni:
J u l y 1944
August 1945
to A u;.j u s t 1944
August 1944
+ 20 ,
+39
+24 .

.

+19- 0
+ 14

0
+ 4

'

-16
+11

.

+ 5
-10

-13
+ 9

R a t i o of c o l l e c t i o n s d u r i n g month t o 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
Aug..
Instalment accounts
Charge a c c o u n t s




July
1044

34
6V

30
61

Au,?.

. ^

DO?Am%%riT- STORES - AUGL'ET 1044

' -

Cash and C r e d i t G a l e s , by F e d e r a l Reso-rve D i s t r i c t s
Z e e e r e j Re;• e r v e
'• 'District

I n d e x e s ; .' 9 4 1 a r e r ' . e e - 100 .
Charge - a c c o u n
Instalment sales
July
July
Aur.
Ac/-.
Atir,
1944
12^4 1343
1944
1944

Air:.
1944

C- s h s a l e s
J ul y
1944

Aug.
194 3

Boston ::rk
Philadelphia
Clevelar/i.
Richmond
•'tl~:Oa
"•r i
O t . Louie.
'Mi r.nea r a i l s
KaasaS C i t y
•Dallas
Sen F r a n c i s c o -

1.55
LOO
141
17 6
1*31
Fro
IV1
.187
193
%38
590
006

rl09
100
124
144
133
XO0
3 40
143
155
1.97
£40
194

1C 9
98..
103
152
104
185
141
149
ICO
130
£17
191 .

U. s r f o t a l

167

158

loe

86
54.
67
O'7
70
" 79
50

G
O
„ 148

71.
71
• 75

60

' 44

50

60
00
70 •
77 ,
74
00
70
80
76
r91
94
91

69
60
70
04
84
98
80
85
85
94
108
93

75

75
70
78
08
97
121:
92"
10.1
95
iro
101
1 08

81

94

56
40
29
40
40
o.r>
44- - "
51
GO

" 01
64 '
57
' 09
r

-U

'

06
.fQ

G
O
00
• 01
47
04
GO
W

.

sales
Aurr.
1343

A c c o u n t s R e c e i v a b l e and C o l l e c t i o n s , by F e d e r a l . R e s e r v e D i s t r i c t s
a t s o u t s t a n d i n g , e:ad of month
1341 e v e r a r e - 100
Federal Reserve
ChaiTO ace-j u n t s
•In;:--talr.ei
District
.
J u l y Au,~.
Aue. J u.Ly Aur,.
1944 1044 1945 1944 1944 1943
Roster
Neiv York
t'l.il;rdxO.;)hia
Cleveland .
Richmond
At1arte
Chicago
St. hauls
!•'inner: so l i s
Kansas C i t y
Dallas.
San F r a n c i see

00
01
50
08
41
07
00
05
00
01
08

07
50
00
'3.1
00
08
27
00
r00
rOO
• 00
08

30
45
00
06
41
41
35
' 36
44
41
08
09

68
G
O
' G
G
70
G
O
8U70
74
68
.7 0
76
71.

66.
68 .
68
68
61
rG7
69
66

0. 0. T o t a l

00

o:";

08

70

G7

71 ,
G4
G .
O
C:r

Collection ratios
I n s t e l n e i ib
C ha rfa
AUG- J ul y Au/;. /. u r . J u l y
1944 1944 1943 1944 1044

60 . 00
07
*?6 • 57 "
00
F8
05
06
08
GO'
G
O
00
08
00
34
64
Gi
56
07
58
06
08 - 5-*,
0.7
50
55
GO
51
' 08
71
•;o
40
60
FO • 00
06 . 05
67
r
60
00 , rOC
40 ' < 7
07
67
4f:
r37
71
70 • 06
00 ,.50
66
70
36
35.
40
66
GO

04

5.0

00

64

mts
Aug.
1943

53 • 55
' r-o
51
G
O
60
63
61
04
58
50
50
67 • 69
66
6G
70
78
G
O
68
60
61
70
69
61

62

r - Revised..
* - Col J f c t i o n s v u r i r . ^ manth s s r.er c e n t of 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 ;.f mont'ri.
Note: T h e s e d a t a a r e b a s e d on r e p o r t s of about 475 l a r g e d e p a r t m e n t s t o r e s r e p o r t i n g
sr. i e s by t y p e i f t r a n s a c t i o n , no r e t h a n 400 h a v i n g c h a r g e r e c o u n t s ai.d a b o u t
.'500. h a v i n g i ns h n.l.::;ent a c c o u n t s , D-ick f i r r u r e s n:ay be o b t a i n e d en r e q u e s t
from . t h e D i v i s i o n -of R e s e a r c h and S t a t i s t i c s .