Full text of G.17 Department Store Credit : October 4, 1957
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BOARD 01' GOVERNORS OF THL FLD;P;,L Rl SiLVi.. bT.iTLli
G.17
October L, 1957.
- DE?/'RTI:M.!T STORLCRLCIT - AUGUST,.1957
'
- '.
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 department s t o r e s i n c r e a s e d
s l i g h t l y i n August, and a t the end of the month were 6 per c e n t above a
year e a r l i e r . The r a t i o of i n s t a l m e n t c o l l e c t i o n s to f i r n t - o f - i i i o n t h
b a l a n c e s , 15 per c e n t , was unchanged from a month ago but was 1 p o i n t
above a year ago.
-'
Charge accounts r e c e i v a b l e i n c r e a s e d f r a c t i o n a l l y from t h e
preceding month-end, and continued s l i g h t l y above a year e a r l i e r . • The
c o l l e c t i o n r a t i o on charge accounts i n c r e a s e d 2 p o i n t s i n August to hi
per c e n t .
Both cash and t o t a l c r e d i t s a l e s a t r e p o r t i n g s t o r e s expanded
20 per cent from J u l y to August, and were 3 per cent above the volume r e ported f o r August 1956.
Changes i n Department Store Sales and Accounts Receivable
Percentage change from:
Aug. 1956 .
J u l y 1957
to
to
Aug. 1957
Aug. 1957
Item
Sales during month:
Total
Cash
Charge
Instalment
+
+ 20
+ 20
+ 22
+ 15
Accounts r e c e i v a b l e , end of mo nth i. Charge
Instalment
'
0
+ 1
\
• +2
+6
3
+
3
+2
C o l l e c t i o n Ratios and Percentage D i s t r i b u t i o n of Sales
hi
15
Percentage d i s t r i b u t i o n o f s a l e s : . Cash
b2
\ Charge
..Instalment- 13
i
|
I
"
Charge accounts
I n s t a l m e n t account's
1 July
j 1957
I
Collection ratios l / i
•--ug.
1957
II
Item
w
lit.
15
; - hh
; h2
! . lh
•
-
h2
13
1 / C o l l e c t i o n s during month as a percentage of accounts r e c e i v a b l e a t
beginning of month.
j
. •
'
.
G.17
"
'
.
/
-
•
;
^
- 2 -
D2P:aTI2f-T ST0R1- CTCiDlT - AUGUST 19$7
§jzlcsbyty]e
(Percentage changes)
'
ELderal .
reserve
District
zocto::
ilru York
?!iil\del\hia
.
» Louis
nr...a j o i i s ' .
'.{ans:s C i t y
^?llas'
"."a rranciscQ
U. 3. T o t a l
Total sales
Cash s a l e s
1
Julj*' 57 Aug. 5d
to
to .
Au r . 1 5 7 Aun;.f57
+ 23
+ 18
+ 20
+ 19
. +20
+ 22
+ 22
+ 25
+ 3h ,
+ 19
+ 13
•- 1U
>
3
Instalment.
s a l es
. '
J u l y ' 57iAug.'56
to
to
Aug,'57 Aug.'57
r
1
!
I
!
1
1
1
!
+ 20
+ 16
'13
+ 16
.
+17
+26 - '
+23 •
+2L
-+3U-'.
+25
+17
+19
+ 29
+ 5 •
+
+ 2
iy.
+ 25
+ 5
+ 22
It
+ 27
- 7
+ 26
+ 5
+ 2
+ 23
+ .1 '
+ 26
+10
. +3u
+ ld
+ 1
+ 8
+ 20
+ 10
+ 2
+L
+3
+1
0
+5
+7
+1
+3
+7
+1
+2
-1
+ 1U
+ 25
+ 22
+ 17
+ 9
+ 11
=:16
. +20
+ 35
0
-11
+ 10
-3
+8
+2
+6
+5
0
+6
+1
+9
+5
+5
-1
+20
+ li
+3
+3
+2
+6
+ li
+3
+2
+9 '
+1 •
+b
0
+
J u l y ' 5 7 Aug,'56
to
to
Aug.'57 Aug. ' 57
Charge-account
sales
J u l y ' 5 7 Aug. ' 56
to
to
Aug.'57 Auz.'57
+ 3
+ 22
+2
• +15
+U
Accounts r e c e i v a b l e e n d of month
(Percentage changes)
federal
Reserve
District
Instalment
Char- e accounts "
Aug. ' 56" ...
July'57
" J u l y 5 . 7 ' Aug. ' 56
to
to
to
to
U
Au,:. '<7
AuE.\'57._ . AUF,.' 5 2 A
Boston
i-ev; York__
Philadelphia
Cleveland
uiohrxond
Atlanta
Chicago
S t . Louis
I.inne a t o l l s
K-ansaJ C i t y
DaJJ.aa
San Francisco
-5
-3
-u
+3
+2
+3
-3 •
-6
+ 12
+3
+ 6+6
0 —
+6 '
-3
. +1
+5
+1
+2
: +1
+ li
+6
+2
"0
U. S. T o t a l
0
+2
•
- 6
+ 20
+ li "
3
+ 12
' . + 1
+ 5
•• 11
••
+ 16
-10
- 2 '
•13
-h
-1 +2
+6
-1 •
+1
+1
-1
+1
+1
0
-1
+ 6
+1
!
