Full text of G.17 Department Store Credit : October 7, 1960

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BOARD.OF GOVERNORS. OF THE FEDERAL RESERVE SYSTEM
G.1T

October 7, I960
DEPARTMENT STORE CREDIT - AUGUST i960

Instalment account receivables at reporting department
stores declined 5 per cent in August but were considerably higher
than a year_ earlier. Collections on instalment accounts were 15
per cent of outstandings at the beginning of.the month. , .
Charge account receivables were unchanged in August and
remained above a year ago. About 47 per cent of charge account
receivables outstanding at the beginning of August were collected
during the month.
Sales at reporting stores increased sharply in August
reflecting mainly seasonal influences? and-were about 5 per cent
larger than in August 1959Changes in Department Store Sales and Accounts Receivable
I eroentage change from:
Year
Month - J
ago
|
ago
Sales during month:

Total
Cash
Charge•
Instalment

Accounts receivable

end of month:

+22 •
+20
+27
+17

J

0

Charge
Instalment

]
1
j
i

- 5

!

+ 5
+ 4
. + 6
+ 7
+ 4
+10

Collection Ratios and Percentage Distribution of Sales
Item

Collection ratios l/:

•

Charge accounts
•
Instalment accounts

Percentage distribution of sales:- Cash
" Charge
. Instalment
beginning of month.




|

; July
I960

1 Aug.
j I960
i

47

1

15

1

43

j
1

15

U2

I
i
1

;

}

f

,14

44
41
| . 15
1

Aug.
1959
46
.15
44
4l
15

"G.17

-2DEP.^I:^T STORE CEZDIT - AUGUST-15,60
Sales by type
(Percentage changes)
!

Federal

;

Pecez-ve-

i

D i s t r i c t

;
Total
Kent

sales
ii

j

i
!
•
'
;

e g o
+ 2 4

. "e-Yori:

'-(20

' C h a r g e - a c c o u n t

i

Cash

sales

Month

Year

ago
1
' "
+ 8
+10
+ 5

& f % 0 .
- + 2 1
+19

•

+12

rhiladelphia

:

"levdand
-ichrond

, +24

:

+

5

+16

•

+16

:

+

3

A-lar.ta

i

+19

!

-

J h i c e g o

;

+16

:

! +15
1 +16

St;

1 :\ : i s

M i n n e a p o l i s

4-20

+29
: +35

1

+

;

+

4

:

+25

:

+

4

+24

: +20

i

-

I

+17

Francisco
:

+ 2 7

:

+

+ 3 5

|

+10

1

+12

j

+

6

+

4

+

4

:

+ 2 9

;

+

2

j

+ 2 3

:. + 5

'

+22
+2?

- 3 '
+

4

+

6

+

+ 3 2

;

+ 4 3

!

3

-

'

,

•!

6

:

.

-

;

'

+

Boston
I1e\r York
Philadelphia
Cleveland '
P.i chrond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco




^

Charge accounts
Month" j Year
a&s
' .i
ego

1

7

'

+

1

I

+ 1 0

+24

+

6

|

+20

.1

1

-7

i •

-4

!

.
"

0

-

3

i

-

7

i

-17

2

!
!

+

9

|

+

2

+ 2

+ 2

+j

+2

-3

+ 4

+4

+[

+Y

.

- 2
•

+

1

'

|

+ 4

0

.

!

+ 3

o

|

+ 2

+

6

!

+?
-1

+•

i

0
+1

1

1

+ 1 1

+4
+3

0
+b

- 2

:ent
|"Y^ar
j &&P

-

3

+1

.

+

2

+ 1

1

+ 1 0

i

+ 1 1

j

+ 1 3

j

+ 2 9

1

+

-i

+ 1 3

!

+

5
6

+

7

-

3

+ 2 7

1 +26
i +14

4
2

+ 1 1

+ 1 4

+ 2 7

Month
em

+

+ 1 1
+

+ 1 7

^

-:.+%
+ 0
+ $

+ 3 0

+ 1 0
+
6

+20
+24
.+ 5

Accounts receivable, end of nonth
(Percentage changes)
Federal
—3-eserve
District

Y e a r

2
+ 1 4

+26

+27

,

2

M o n t h
a r . o

!

+33

7

•

; + 2

+37

jZ^nsas C i t y

j
i

+

instalment

sales

Y e a r

apo

7

+10
+ 4

!

+25

2

; + ?

Dallas
Sin

*

+

;
!

+ V;

:

M o n t h

l . a g o
I
:

S

sales

-

1 Year

' +22
-

+

3

+

2

+ 1 1