Full text of G.17 Department Store Credit : October 6, 1959

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.17

October 6 > 1'959

r

DEPARTMENT STORE CREDIT - AUGUST 1959
Instalment accounts outstanding at department stores
increased slightly during August and at the month end were 10 per .
cent above a year ago. Instalment collections were'15 per cent of
first-of-month balances.
Charge account receivables- were practically unchanged
during the month and were 3 per cent above a year earlier. Collections amounted to 46 per cent of balances outstanding at the
beginning of the month,'
Total sales at reporting department.stores increased 10
per cent reflecting increases-in cash and credit-sales. Compared
with a year earlier cash and charge account sales were unchanged
while instalment sales were 6 per cent higher.
,
Changes in Department Store Sales and Accounts Receivable
change from:
Percentage «
Year
Month
• • ago
ago

Item
Sales during month:

Total
Cash
Charge
Instalment •

Charge
Instalment

0
. 0
- 1
+ 6

0
+ 1

:

Accounts receivable} end of month:
• '
;

+10 .
+ 9
+13
+ 7

'

+ 3 '
+10

Collection Ratios and Percentage Distribution of Sales
Aug.
1959

Collection ratios l/:

Percentage- distribution of sales:
•

Cash
Charge
•Instalment,
'

Aug.
1958

47
15

47
15

44
4l
15

Charge accounts
Instalment accounts

July
1959

46
15

Item

. ' 44
41
15

44
42
14

i

l/Collections during month as a percentage of accounts,receivable at
beginning of month.




DI?ART%F:7T STORE C-FIDIT^- AUGUST 19^9
Snles by tyoe
(Percent-".e changes)
Total sales

• Federal
- : serve
X
.District

I .o nth
'
, aS°

a
Year
~°

-10
- 1
+ h
"*11
* 5
'

r:._ladej.:hia
Clevel:nd

+

%

'

+ 30
+ 15
--i
•li
11

3
Totrl

2

+
-

+ 10

a

•

h
h
1
1

-

Cash"sales

1
1
1
2
2

£°

- 9
0
- 1
+ 6
' h
*13
+ 11
+ 11,
"30
+ 1?
+ 12
-17

+11

- 3

.

Year
. aS°

Charge-=cco unt
sales
Mo nth
__£12
-U3
- 3
+ 6

- 7
- 6
2
-

+ 12

- 3
0
+ •$
+ 1
+ 11
+ 8

-10

+ 10
+ li
l
+ 22

-30
"17

-19
+ 7

2 '

+

3
1
3
1
- U
- 1
+ 10
+ it

-13
Accounts receivable, end of month
(Percent-ce.changes) "
T

Federal
=

district

I e : York
Jv
Philadelphia
Cleveland
Pi chno nd
Atlanta
Chi c s o
.g
St. Louis
."inner. jlis
Kansas City
Pallas
San Francisco
U. S. Total




"Ch
a
-

+

e accounts
Year
ago
73
2
h1

5

- 3

+ 2
+

3
5
+ 7
+ 2

+ ' 2

+ 1
+ 5
+ i-.
o
+ 7

- 5

T nstalment
Ilonth . Year
ago
ago
: i
- l
- 5
o
o
- l
+ l
- 3

+ 2

--13
+ 1
"10

+ 8
+
3
"10

- 3
- 1
+ '
7

+ 2

+ 12

+ l
i

• 2
5
+ L
+ 1
+ 13 •

+ 1

+ 10

2;

Instalment
s=lc s
a
nontyi
~°
+

3
- 1

+ 12

+ 8
-

It

- 6
29.
+ on
+19
+ 6
+ R