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BOARD OF GOVIRJORS OF TIT: F3D3RAL RE1JRV.J SYST'dK
.17

September 2, I56O
D3PARTM3NT oTOHE ^REJ)IT - JULY I960 '

Instalment account receivables at reporting department stores
[ / r unchanged in July but considerably higher than a year earlier.
•ea
Collections on instalment accounts were 14 per cent of outstandings at
the beginning of the month.
Charge account receivables declined 8 per cent in July but
remained above a year ago. About 45 per cent of the charge account
receivables outstanding at the beginning of July were collected during
:
the month.
:
Sales at reporting stores declined seasonally in July and were
5 per cent smaller than in July . 1959.•
Changes in Department Store ,Sales and Accounts Receivable ' .

Item

:

Sales during month: .Total
Cash
Charge
Instalment
Accounts receivable, end of month:

!
|
'
.

Percentage change from:
Month
Year
axo /
-17
'
-15
-21
: -12 .

' - 5
- 5
- 6
0

- 8
0

Charge .
.Instalment

+ 5
+18

Collection Ratios and Percentage Distribution of Sales

Collection ratios l/:

Charge accounts •
Instalment accounts '

Percentage distribution of sales:

Cash
Charge
Ins fcalment

45
.

44
. .41
.
15

'July
1959

II

July
I960

Item

48
15.
' 43'
42
15

47
15
'

44
. 41
15

1/ Collections during month as a percentage of accounts, receivable at
beginning of month.
'
1




G.17
: c.i.,oiT - JULY i960
Sales by type
(Percentage chs.nges)
Total

Fsieral
Reserve
District Boston • . •
..ewYorx:
rniiscielphia.
Clevel^d

j Year
I
ago

!
:
,
|

;
!

Atlanta
•
.
Chicago ' St. Louis- '

'

Kansas City.
.Dallas
^
San Francisco

!
'

-27'

-15
- R

-7
-9

-3
-2

-11
-31
!

Instalment
j Charge-account |
sales
1
sales
| Month
'
Year
MonthYear
! ago
ago j a w
ago
I

Cash sales

Ho nth
|
ago

-7
-2
-5
-5'

4 1
-

Month
ago
-23
-27
-25
— 8
-11
- 2
-13.
- 9
-31
- 6
+ 1
-

1

Year
ago
'
•

"
+
-

4 j -37
'
-34
7
5 :
• -32
2 ! -23
6 j -16
j - ^
•- 9
-18
- 3
-12 | -17
. -13 1 -34
- 3 . ! -12
-20 : + 1
••3
- 1

!

• - 9
j
i - 6
1 -11
i - 4
| ' - 2
| - 9
! - 5
| - G
1 -.5
: - 4
! - 6

|
!
j

I
T

Accounts receivable, end of month
(Percentage changes)

r'eieral '
lie serve
District

I Charge accounts
Year
J Month |
j
a#o
i

, -la^elphia
Cleveland
~-.nl

Minneapolis

San Francisco




1
j

- 6
i
-11 . i
1
-10
-12
- 3
- 6
- 5
-13
- 6
- .5- .
6

i Instalment
j Month •
Year
ago

+ ^
- 5
- 1
+12- 1
. + 4
+ 3
+11
+ 5
+ 3
• r 6
- 2 .

!

-2

I

- 3
- 2
j
+13
. - 2
- 3
i

, i

- 2
- 2
-1
0
-1

+11
+ 9
. + 3
- - +10
+ 2
. +10
+ 9
+10
+24
+ 2
+14
+ 7

- 6
-22
-19
-12
-11
1
!
- 2
j
-15 . 11
+ 8
-26
+ 1
- 1
- 1:

+14
- 9
. - 3
+ 4
- 7
+ 8
0
- 1
+26
+ 6
- 1
- 3