Full text of G.17 Department Store Credit : October 3, 1945
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BOARD OF GUVNORS. OF TIB FEDER/.L RLSLRVL SYSTEl. O c t o b e r 3 , 1545 R&S d s c - 35 DEPAPTi.3R? STORE Ci : AUGUST TS45 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 n g a t , d e p a r t m e n t s t o r e s . , showed l i t t l e c h a n g e d u r i n g A u g u s t a n d c o n t i n u e d s l i g h t l y b e l o w t h e l e v e l of a : y e a r &go. 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 d u r i n g t h e m o n t h , a n d t h : c o l l e c t i o n . r a t i o r o s e t w o p o i n t s t o 33 p e r c e n t . The ' a v e r a g e p e r i o d i n s t a l m e n t a c c o u n t s wore.- o u t s t a n d i n g ' w a s . ' a p p r o x i m a t e l y f i v e m o n t h s , a b o u t t h e same l e n g t h of t i m e a s i n . A u g u s t l a s t ' y e a r . C h a r g e a c c o u n t s r e c e i v a b l e ' r e m a i n e d a t .. t h e J u l y l e v e l , b u t a t t h e e n d - of A u g u s t v / e r e > r i r e p e r c a n t l a r g e r t h a n a y e a r a g o . Collections on c h a r g e a c c o u n t s d e c l i n e d s u b s t a n t i a l l y , a s i s u s u a l i n t h i s m o n t h , b u t v.-erc 12 p e r c e n t h i g h e r t h a n , i n t h e c o r r e s p o n d i n g m o n t h l a s t y e a r . C h a r g e a c c o u n t s w o r e o u t s t a n d i n g a p p r o x i m a t e l y 48 d a y s , a b o u t t h u same a v e r a g e i-.s f o r A u g u s t 1 9 4 4 . ' • 1 he v o l u m e o f c r e d i t - s a l e s a t d e p a r t m e n t s t o r e s showed l e s s t h a n 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 o m J u l y t o A u g u s t . 'Cosh s a l e s , v;hi ch a c c o u n t e d f o r 65 p e r c e n t - o f t h e t . o t a l , i n c r e a s e d 12 p e r c e n t d u r i n g the month. Of t h e t h r e e t y p - s of t r a n s a c t i o n - , . , o n l y i n s t a l m e n t s a l e s were s m a l l e r t h a n a y e a r e a r l i e r . "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 P e r c e n t a g e change from: . J u l y 1946 f . A u g u s t 1944 • to to A u g u s t 1945 A u g u s t 1945 S a l e s d u r i n g month Cash Instalment 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 , e n d of m o n t h Instalment, accounts Charge a c c o u n t s C o l l e c t ! o n s d u r i n g month Instalment accounts Charge a c c o u n t s . •• S t a t i c of c o l l e c t i o n s month • +12 +22 +12 - 1 0 : . •-' . - + i -1.2 +9 - 5 +6 - - 3 + 9 - 5 . . . ^ , . 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 'A August July .1945 4944 Instalment accounts Charge a c c o u n t s ' .33 G3 ' 31 62 . ' 34 64 .* # Indexes; 1941 a v e r a g e = 1 0 0 C h a r g e - a c c o u n t ;:r I v r I n s t a ] L merit sales July j / ' U g . Aug. July Aug. . ; if;;4 -19 5 .1944 1P45 1945 1945 .Cash s a l e s uuiy Aug. 194 5 19&5 : ; zcstcn. hev; Y o r k . RhiLad-lphi'a j , j Atlanta . ' :hic g o j StLouis | Minneapolis j . rh-nras J i t y j LaL.laz " ' j. San F r c r c i r c o j L. &. Tot:.].; ' ur . 1'H- 125 134 51 63 60 74 73 57 4 7 57 45 • 62 59 57 1 86 44 54 v7 74 71 79 ' 56 86 103 104 126 57 109 105 114 145 111 61 4 f) GO 90 r42 125 132 j 117 i 12-1 -i 61 4 •_ 163 j 150 : 141 I oO 176 : 1G2 : 255 5'6 '-15C , 165 177 i i r e £77 194 205 222 257 325 . 2 - - i 151 2, 2 . rlGO 171 i 167 197 245 267 227 1 rl53 j 107 1 : 179 . 191 r:35 257 i 22 D 6 1 1 i . 79. i - 56 69 rG2 52 1 .-'-67 ,i 67 63 77 • £ 2 | 5 2 58 j 46 - j 7e 69 78 ; - 9c 97 89 105 E4 ps 39 rl02 rl2L 105 122 92 101 95 | | |I 111 131 108 1 | 6 5 • 93 I A c c o u n t s E c c : i v a b l : anu C o l l e c t i o n s , by . 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