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October 4,' 19 61

G.17DEPARTMENT STORE CREDIT - AUGUST 1961

Instalment accounts receivable-at reporting department stores
were unchanged at the- end of August from the end of 'the previous month,
and remained above the level of a year earlier. Collections on these
accounts in August were 15 per cent of the amount outstanding at the
'beginning of the month.
.
'
Charge' accounts receivable.rose "slightly in August and were
little changed from year-earlier levels. Collections on these accounts
were 48 per cent of outstandings at the beginning of the month.
j Sales at- reporting stores increased-seasonally in August and'
slightly exceeded sales in August 1960.
Changes in Department Store Sales and Accounts Receivable
- Item

'

•

. Per cents a e change from: r
Year
Month 1
I
"
ago -

.

Sales during month: Total
Cash
Charge ,
Instalment'.'
Accounts receivable,. end of monih:

'

.

-vi
I

•+3
+2
+1

+20'*

:•
Charge .
' Instalment

+14.

+1

+ 3
o

:

+5

'

Collection- Ratios and Percentage Distribution of Sales

5

, Aug.
-1961

Item

Collection ratios 1/:

Charge accounts
Instalment accounts

Percentage distribution of' sales:

Cash Charge
Instalment

' V

, " July
. 1961

•

48
15

- 8 -B
16

•

.17

a at
t
"
f. • « /
*
\
4 f. Vt
* l
' l/'Collections during month as a percentage of .-accounts receivable Q '.
beginning of month.
*




Aug.
.' I960
47.

• %
..42
15

"G.7
-.1
DEPARTMENT STORE CREDIT -.AUGUST 19-61
Sales by type
'(Percentage changes)

- Boston
- New York.
Philadelphia Cleveland
"Eichnond
Atlanta

Chicago
• St.. Louis
;
^Minneapolis
. Kansas .City - *
.Delias - • .San Francisco.

Month
_ago_

Year
a
g°

Month
a
£°

•+17 .
+17'

6
3
3
4
4
a
+ 3
- 1
- 1
0

+ 4
+ l
+ 3 -

+16.

+
+
+
+
+

+23
+20
+17
+13
+20
+27+37
+23
+29
+11

• Charge-ac count . Instalment
'
.sales
. sales
Year
Month'
Year
Month
a
• g° " • ago
ago

- Cash sales

Total sales

Federal
Reserve
District

+

+21

+11

+16
+19.
+19
+25 .
+32.;.+24
+25 .

- 3

+10'

6 •

.+37
+28
+3o;
+23

+ .5 ' +2-6
. +18'
- 1
f3
-1
+ 1'
> 3". :+29
+46
- 2
+25
+ 2 •
+12
+34 ,
+ 6
- i;

+
+
+
+
+
+
+
-

V

5
5'
1
3
3
5
4
1
1
o

+ 8

Accounts receivable, end' of nont.h
(Percent^ ge chiri.res)
.Instalment
Char,:e accounts
,Yesr . " . Month... Year
Month
. 2 gO

Federal
. "-Reserve
Boston
New York
"Philadelphia
Cleveland ^
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco




• +20
• -2
0 '
7 + 2
2 • - + 2 " , -3
-2 - ... - 3"
" + 4."
1•
+16
+3 '
6. • -. -10
-1 . +.6
+
- *
• - - ; - '4f , X
0
+ 5
-2 .
0
. - l" . : +2 - ' + 3 •
- 7
r
-1
+ 3
-i + 1
+ 4 • • + a • • +1 .
+1
+ l8
+2. '
+11 •
,+ 5 '
^ o - , . - +2
+12
+

:

1" • . •
-'

+10
+ 6
+20
+19
+ 4
' +16

+16
+29
+3-1
+12
+21

+ 9

+17
*A
+18
+ 4.
- 4
+ 8
- 2
" 0
- 7
+17
+ 6