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BOARD OF 'GOVERNORS OF T 3 • FEDERAL RESERVE SYSTEM
September 2 , 19^3
' I&S d s c - 10
DEPARtlEifF.'S'0%"CRED!T :
JULY 19WDepartment s to re i n s t a l m e n t ' a c c o u n t s o u t s t a n d i n g a t - t h e end of J u l y
showed s l i g h t l y more t h a n t h e u s u a l s e a s o n a l d e c l i n e f r o m June a n a were I4I4. p e r
c e n t bo low the' l e v e l of J u l y 1 9 ^ .
C o l l e c t i o n s on i n s t a l m e n t a c c o u n t s d e c r e a s e d 3 per c e n t d u r i n g J u l y , ) r e s u l t i n g i n a c o l l e c t i o n - r a t i o of 30 p e r c e n t
I n s t a l m e n t a c c o u n t s were o u t s t a n d i n g f o r an a v e r a g e of s l i g h t l y more t h a n
f i v e and oner-half months - i n c o m p a r i s o n w i t h an a v e r a g e o f n e a r l y e i g h t months
i n t h e c o r r e s p o n d i n g month of l a s t y e a r .
Charge a c c o u n t s r e c e i v a b l e . w e r e 17 p e r c e n t below t h e June l e v e l ,
a somewhat more t h a n s e a s o n a l d e c r e a s e , and remained unchanged f r o m t h e l e v e l
of July \ j l i 2 . C o l l e c t i o n s on c h a r g e a c c o u n t s i n c r e a s e d 3 P e r c e n t . These •
a c c o u n t s wcr'*.:. o u t s b a n d i n g , o n an a v e r a g e f o r a b o u t J48 days i n J u l y as comoared
w i t h about 50 days in Jul;/ 19^2, '
"
S a l e s a t d e p a r t m e n t s t o r e s doc.lined by 20 p e r c e n t d u r i n g J u l y , .
The l a r g e s t p e r c e n t a g e d e c r e a s e was r e f l e c t e d , i n c h a r g e - a c c o u n t s a l e s w h i c h
c o n t i n u e d ' t o be o f d e c l i n i n g importance- i n t h e t o t a l .
Cash s a l e s a c c o u n t e d
f o r a b o u t v3 p e r c e n t o f the J u l y t o t a l , a somewhat - l a r g e r - p r o p o r t i o n t h a n
i n o t h e r r c c e n t m o n t h s . I n s t a l m e n t s a l e s d e c l i n e d 6 p e r c e n t from t h e p r e ceding. month, but f o r t h e second c o n s e c u t i v e , months showed an- i n c r e a s e from
t h e c o r r e s p o n d i n g mo nth' o f 19^2.
'
Department S t o r e S a l e s , Accounts- R e c e i v a b l e and C o l l e c t i o n s

P e r c e n t a g e change f r o m
June I9I1.3
to.
J u l y 19i»3
S a l e s d u r i n g month
Cash
Instalment ;
Charge a c c o u n t
Acc-vU n t s . r e c e i v a b l e, e nd of
Instalment accounts
Charge a c c o u n t s
C o l l e c t i o n s d u r i n g month
Instalment accounts
Charge a c c o u n t s
Ratio of c o l l e c t i o n s d u r i n g ' 10nth t o r e c e i v a b l e s

J u l y 19142
to
J u l y 1943

- 17
- .6
- 27

.+
•

•

3
-3.

Instalment accounts

bk'

.
;

36,;i
62..:-

,
'

10

-

• 17 •

•

0

- 27
-

6

cinning of month

July
' 1943

c c o u n t s
Charge a


+ 29
+
k

,

July
19^

19^3.
'

:

29
62

;:

'

23
60

-

£ n a r t n - : . n t• 3 r r c Cash -and C r e d i t Sale s ,
by I-'cderul la s e r v e D i s t r i c t s
C.sh
? r - 2 - a.v c c - r a l Ilcs.rv,- i'-n lJ3~
". D i s t r i c t
t-.
^ ; : y %9':5

r-:-.l. s
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f r e.

Julv
to
July l?i.5

ecisc:

-2?
- 2"
- 20
- 13
- lr:
' - 6
- 16
- 11;
- 1?
- 11:
- 22
- -•

+ 12
10
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52
20
52'
37
+ 37
+ 57
.
52 '
5 fi '
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20

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Shn

Char
-iccji
Instalment sales
r
Pcrcenta;x; ;3h.ar.g-u f r . » c : H' y- -' •- cmnge- f r o m :
June l y ' ^ . July 19L2
J u l y I9I42
June 19L3
to
to
to
to
.My 1 ^ 3
July 1.-2-3 . July 19.43
- J u l y 19-1-3
-

+

2

+
+
+
+
+
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+
-

1
13
10
6
1
19
6
19
32
11
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- 12

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8
:
0
9
7
h
6
i;0
tv
2 .
6'

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-

-•36
- 56
- 55
- 50
. - 25
- 9
- 51
- 27
. - 31
- 22
• -17
- 10

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-. 1
• - h
! . + 3
+ 11
+ 8
+ 35
. +

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+
+
+
+
+

14
9
id
la
12

+ 10

• - 27 .

Ij•. -p-.rt-v.nt St-, rc Aceaunts Itec/. ivabl--; and C . - l l e c t i . m s ,
by y : d v r . . l -ite-serve. .Disi r i c t s . '

D; l l e c t i e n >•
I" ' ,

Clirirrc: - c -. unt s
In:s t a i r v• nt
,C a " •: accounts
1
| J'.ily July Jun:
J-Jiy J':ly j Jun - J u l y
|l
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Il4 19i:5 119U 19L2
19W 1
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28
53
1 62
7.2
57
59
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68
50
07
63
51
53
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36
25
7-3
72
77
39
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70
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St.-Louis
':l-nn-tloolic.
Kans^:: City'
Dallei
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23

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62

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" - Co I k c z i o n s d u r i n g .nonth as n-:-r c c n t of a c c o u n t s a t b c ^ i n n i n r o f n o r t h .
:?ot, : Th.-.R... a a t a a r ' bas,:d o n r s o r t s o f . a b o u t 2:?5' 1-^rgc d c o a r t - , ; n t s t o r . s r<=-porting
sal- s "y tyne of t r a n s a c t i o n , rr.o o than I.-.CO having charg-- a c c o u n t s and a b o u t
;>C0 having i n s tain-. nt -,cc . v a n 1 : : - ? - a c k f ' i r u r p
•" 1 o1 - m c d on r e q u e s t from
i s i o n of ReSui.rch and . s t a t i s t i c s / .
. the D i v