Full text of G.17 Department Store Credit : October 4, 1963

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October 4, 1 9 6 3 ^ ^ L w % L -

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'ORE CREDIT - * AUGUST 1963
•:/tl BESlHVS BANK
>F Richmond R e t o r t i n g department s t o r e s h e l d about t h e same volume of
ccounts r e c e i v a b l e a t t h e - e n d of August a s - a month e a r l i e r ,
b u t G p e r c e n t m o r e . t h a n on t h e same date, l a s t y e a r . -_The August r a t e of
c o l l e c t i o n was about t h e same as i n J u l y .
.
Charge accounts r e c e i v a b l e i n c r e a s e d by 5 p e r c e n t d u r i n g t h e
month.- This r i s e was more t h a n t h e u s u a l s e a s o n a l amount, and c a r r i e d t h e
t o t a l 5 p e r c e n t above t h e y e a r - a g o l e v e l . The y e a r - t o - y e a r i n c r e a s e i n .
t h e s e accounts r e c o r d e d f o r August was t h e l a r g e s t so f a r i n 1963.
C o l l e c t i o n s on charge a c c o u n t s r o s e s l i g h t l y t o a r a t e equal: t o 50 p e r
c e n t of f i r s t - o f - A u g u s t r e c e i v a b l e s , t h r e e p e r c e n t a g e p o i n t s above t h e
same month l a s t y e a r .
;
'
Department s t o r e s a l e s showed t h e u s u a l s u b s t a n t i a l August
i n c r e a s e s i n b o t h cash and c r e d i t t r a n s a c t i o n s . T o t a l -sales of r e p o r t i n g
s t o r e s were 7 p e r c e n t . l a r g e r t h a n i n t h e corresponding month of 1962.
Department S t o r e C r e d i t

Item

,. .

Charge ,•
Instalment

Accounts r e c e i v a b l e , end of month
C o l l e c t i o n r a t i o s If j.*
Percentage increase
Percentage d i s t r i b u t i o n
or d e c r e a s e from:
Month ago . Year ago Aug.' 6u3 J u l y ' 6 3 Aug.'62 Augi'63 J u l y ' 6 3 Aug. 62
47
- 49
50
* 40 ; '• 42
. 5
- '5 -

;

0

59

8

...

60 . . . 5 8 *

'

'

1

7

17

-

Department S t o r e Sales.
Percentage increas e
or d e c r e a s e from:
Month ago Year ago.
Total

12

_Z ,

Cash

19
22

5

100

6

Charge

Percentage d i s t r i b u t i o n
Augo ' 6 3

Instalment

15

10

Aug. '62

July '63

100

100
^

43
39
17

39

39

18

17

"

1/ C o l l e c t i o n s d u r i n g month as a p e r c e n t a g e of accounts r e c e i v a b l e a t
1
b e g i n n i n g of month.




44
.

DEPARTMENT STORE CREDIT - AUGUST i > 6 3
S a l e s by Type
P e r c e n t a g e i n c r e a s e or d e c r e a s e ( - )

Boston
Hew York
Philadelphia
Cleveland .
, Richmond
>
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas "City
Dallas
Sen.Francisco

Year
ago

Month
ago •

r

27
15
18
21
17
18
20
22
41
23
18
9

Instalment
* Charge-account
sales
sales
Year • Month
c Year
Year . Month
ago
ago
ago
ago
. ago
13
19
10
33
10
'• 10
11
9
22
4
5
9
2
25
4
7.
. 24 5.^:20'
4
3
5
8 8 :
22
17/
24.
2
14
8
16 .
17
6 ,
26
9
•
> 6
: / 27
V
24
4
44 = . 12
5
28
.10
6
15
19
5
3
. io
- 1
. 10
6
24
6
10
0
3
4

Cash is a l e s

Total sales

F e d e r a l ..
Reserve
District

. Month
ago.

. 25
12
14
19
19
7
- 19
21
, 2 'v-V . 19
10.
.41
30
4
•
6
16
I - -4
. . 17

.

H
7
3

./

' A c c o u n t s , R e c e i v a b l e / end of month ,
P e r c e n t a g e i n c r e a s e or d e c r e a s e £-)
Charge a c c o u n t s : , : I n s t a l m e n t .
Year
Month
Year
Month
ago " - ago '
ago • ago

Federal
Reserve •
- -District
Boston
Hew- York
Philadelphia •
Cleveland
Richmond•
Atlanta
;
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o




- 3
1
3
;
9
2 - i 4
T
*

6\-'
13 . ,
3 .
0
.

I ?

j 4 -

.

: !5'::: v.
4 '
. ^
6
10
4

'

-2.
0
-1
1
-1
2
-3
-1

5 5 -rl
"4 14

.

"

- 1

0 .
P

2

.

5*
21
1
6
10
5
0
2
3
2

•

-