Full text of G.17 Department Store Credit : October 6, 1955
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BOARD OF GO^aRMORS OF Tltn FEDERAL RESERVE SYSTEM ^•17 October 6 , 1955 DEPARTMENT STORE CREDIT - AUGUST 1955 ." Instalment accounts o u t s t a n d i n g . a t department s t o r e s roses l i g h t l y during August. Balances a t t h e end of t h e month w e r e . 1 per cent above the preceding month and 18 per cent above a year ago. C o l l e c t i o n s during t h e month amounted t o an e s t i m a t e d 1U per cent of f i r s t - of-month r e c e i v a b l e s , t h e same as i n J u l y but 1 p o i n t above August of l a s t y e a r . Charge-accounts o u t s t a n d i n g showed p r a c t i c a l l y no change during August, but continued about 7 per ccnt above a year ago. The charge-account c o l l e c t i o n r a t i o , e s t i m a t e d a t U6 per c e n t , was 3 p o i n t s above J u l y and 1 p o i n t above.a year ago. S a l e s of a l l t y p e s i n c r e a s e d from J u l y t o August, when some i n c r e a s e i s u s u a l . Each" type was a l s o above a y e a r ago - cash s a l e s by 7 per c e n t , charge-account s a l e s by 8 per c e n t , and i n stalment s a l e s by 13 per c e n t . Changes i n Department Store S a l e s and Accounts Receivable Percentage 1 change f r o m : J u l y 1955 Aug. 195U to to ; Aug. 1955 Aug.. 1955 Item S a l e s during month: >16 +12 Accounts r e c e i v a b l e , end of month: + 8 + 7 + 8 +18 0 + 1- Total CashCharge Instalment + 7 +18 . +15 +lh Charge Instalment . C o l l e c t i o n R a t i o s and Percentage D i s t r i b u t i o n of S a l e s Item Collection r a t i o s 1 / : Charge accounts I n s t a l m e n t accounts Aug. 1955 ' July 1955 • Aug. 195b . it3 h5 13 U6 lh . lh U6 . Cash• :u5 • Charge U2 - . h2 U3 • 11 13 Instalment 13 ' • -j 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 b e g i n 17 C o ning of month. http://fraser.stlouisfed.org/ Percentage d i s t r i b u t i o n of s a l e s : Federal Reserve Bank of St. Louis . ' - \ - 2 - • • • ; DEPA3JW\T STyRS CRaFIT - AUGUST 1955 Sales by type (Percentage changes) Instalment Charge-account Total sales Cash s a l e s sales ! July!55 Aug. >51} July'55 Auc.'sa July'55 Aug. 5U July'551 Aug J5U to | to to to to to to to -'.us. '55 Aug.'55 Aug.'55 Aug. '55 Aug,'55 Aug.'55 Aug.'551 Aue.'55 Federal Reserve District 5oE't-_r. "hilaie.ldiia" .31e v eland ?.i cj jr. ond Atlanta Chicago St,.Louis li--i.:eauolis .Kansas .City "Dallas -San- Frrr.cisco . -U. S. T o t a l +16 +15 +15 +19 +13 . +16 +17 +21 +:6 +16 +18 +20 +15 + 5 + 5 +11 +16 +k + 3 +10, +12 +11 +16 +11 ' +13 +12 +12 +12 + 8 + 9 +15 + 6 .. +ili + 5. +11 +22 . . +10 + 6 . +26 ' + u + 8 +18. + 9 +18 +lh +13 + 6 + 7 +20 . +20 +17 +20 +22 +16+12 +26 • +21 ' +27 +15 +25 +23 + 3 + 2 + 3 +15 + 9 + h + 6 +10 + 8 +10 +11 + 6 + 8 . +16 + 8 +lii • + 7 Accounts r e c e i v a b l e , end of month (Percentage.changes) Federal Reserve District Boston r-!ev.- York Philadelphia Cleveland nicluncnd Atlanta Chicago •St. Louis Minneapolis .Kansas City Dallas San Francisco U. S. Total Charge ,accounts I n s t a liaent J u l ^ % F Aug.'5k July'55 X1U3. '5L to to to to . . Aug.'55 Aug.'55 Aug.'55 Aug.'55 + 1 1 3 3 0 3 1 0 2 0 3 3 - 7 - 6 - 5 •+ 1 + 2 - 1 + 3 . - 2 +6 + 2 + 7 +6 - 1 + 9 + 7 + h + 8 +11 + 8 + 3 - 2 +10 + .8 + 5 + + .0 + 7 + 1 + + + - +17 +12 +29 +2i| +18 +23 +15 +25 +36 +5 +15 +13 +18 +12 +12 + 9 I +23 ; tio , +26 + 8 : +15 1 +37 +10 + 1 + 8 * 1 2 + 9 + 9 +12 +37 . +2h +17 +1U +10 + 6 +13 +30 . +21 1 +18
