Full text of G.17 Department Store Credit : September 4, 1945

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BOARD OF GOVERNORS' Of THE FEDERAL RESERVE SYSTEM
• '• • -

•

September 4, 1945 '
R&S dsc - 34

.. DEPARTLEI,T . STORE . C^DIT...
.

'

....

: JULY 1945.,

: '

Instalment .&cc6unts outstanding 'at department stores shewed, about the oustomurx seasonal decline in July, :and were in about the same volume as
a your earlier. Collections on instalment accounts decreased-seven per cent,
resulting in a collection ratio of '31 per cent, one point less than in the
pr-j ceding month. Instalment accounts were outstanding approximately five
end one-he. If months, about the same average as for July last year.
•Charge accounts receivable declined, by about the usual seasonal amount
'during July, but at the end of the month were considerably larger than a year
ago. Collections on charge accounts were' slightly less than in June, and
the collection ratio declined two points to 62'per-cent. Charge accounts
wore collected in about 49 days, approximately the same length of. tin,3 as in •
the corresponding month of 1944./
'
Cash and charge-account sales showed the usual large decreases from
June to July, and continued substantially above the year-ago levels. Cash - .......
sales amounted to 66 per cent of the tot&l, the largest, percentage shown to
date. Instalment sales declined" nine per cent during the month, but were
eight per cent greater than in July 1944.
Department Store Sales, Accounts Receivable and Collections
Percentage change from:
. June 1945
1944.
to
to
July 1945
July IS-,5 ..
Sales during month
Cash
'
• "
Instalment
"
:
. '
Charge account
'
Accounts receivable, end of month
Instalment accounts
Charge. accourvts;
• '•
.
Collections during month'
Instalment accounts .
Charge accounts

"
-

+18 •- *
+ 8
•
+17

-16
- 9
-25
- 5
-14

- 1
. +14
- 2
+15

- 7
; .. >

3

Ratio of collections during month to accounts receivable at beginning of month
''July''
1945. .
Instalment- accounts
Charge accounts




..
.

.•
.... ; r

.

• 31 • , -1
62 .

June
1945.
32
64;

'
•

. July
1944
31
61

•

-

2

.

-

v-'

DEPARTMENT STORES - JULY 1945

^

Cash and Credit Sales, by Federal Reserve Districts

ni c
c- L4-1 i«1 TC r*
0 4-

Indexes; 194-1 average = 100
Cash sales
Instalment sa les
Charge-account sales
.•July
June
July
July
July
July
July
1945
1945
1945
1944
1945
194 5
1944
1945 . 1944
126
117
150
169
159
242

lohia
.Cleveland

161

179
clis
lty

<=<•<-

191

250
2G7229

Dallas
San Francisco
U. S. Totalj

- -

rl73
162
18c
192
195
251
193
rl35.
262
r25S
r295
• 257
194

1

° 43
109
98
• -44
•47
i 124
45
j 144
j
45
| 140
' 209
- 62
139
44
58
148
157
59
64
197
62
238
194 ' | ' 5 2
| 138

|

48

45
61
51
. 49
39

.
.

64

49
rcl
71
: " r53
rG3
49
'

52

74
36
.114.
44
' 67
107
39
. 81
' .116
40
92
123
40 .
89 .
125
55
' 103
119
44
• .54
.115
51
93
rllo
65
59
119
53
103'
rl!8
Gtr
122
134"
48
105
. 121
83

44 '

117

63
58
70
;
77
74
92
73 .
79
76

91
55

92
75

j

Accounts Receivable and Collections, by Federal Reserve Districts
k c counts cutstar.dinn. e n d of ironth
collection
ratios *
i Indexes; 1C41 a v e r a g e = 1 0 0 .
j
Instalment
Char ge a c c o u n t s
I:r.st&lnient
,~e accounts
July
July J u l y j June J u l y
July
i J%iy J u l y
1 July
1945 i 1945 1944 1-945 j. 1945 1944 ' 1945 1945 13\4 1945 1945 | 1944

Federal
.Reserve
21stri ct

32

50

25

25

27

55'

:
51- 1

^
55

59

I

71

I

E-:

54

27

55

!

7-3

j

91-

c'9

51

:l-;ve l a n d

1'

1

52
62

:

51

i

51

55

51

1

80

92

67

32

r28
32
33

25

Philadelphia'i '

I 32

1

.61

59

|

63
64

i

39.

£6

26

27

I 24

54

, • 55

55

75
77

; • ee

-10

1
i

i

63

28

25

i 27

1

67

36

38

.41

52-':
70

66

37 '

55

51

37

38
40
r39

Boston

i

Ycrk ..

F i cnr.cnd

1

57

j
';

- 39

-Atlanta

::.i :ago

.

i r95

00

25

r27

27

75

50

52

29

78

90

|. 89
" . 86

Minneapolis
Kansas, City

;|

53

52 •

55

75

53

2E.1T&S

j

55

55

50

"80~"

91

25

28 |

28

5-an r rancisco j
U.

£.

35

T o t a l j . o2

..

»...

33

55

|

54
=

71

.

j 52
I

75
76

!

71

•

'
-

36

50
73

39-

7-1

r73

25

27'

50

60

4G

39 : •

' 65

53 j

66-

36.

72

88

57

31

32

51

62

|

61
54

|
|

53
69
66

68
73. ' 75

58

37

61
;

67

69

,

53
51

r55

•

69
62

73

70

.^64

61

- - - CcilesLior.e during zonth 6 s per c,= r:t or accounts receivable at beginning of
- ^\=

-.

"

/

tccvd c: r-pcrts of about 475 large deoartmont stores r ^ o r t y
/ : %r'.Tr&ct:cr, :,qrc than 400 having charge aocouhts^and'
: C ) f.-r:n; .r,cCPlinv.;.L recounts, Back figures i„a-y be obtained rr r@"ivision c: ^ s e a r c h and &tati!stios.