Full text of G.17 Department Store Credit : September 4, 1946
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G. 17.3 September 4 , 1946 DEPARTLIEKT .STORE* CREDIT , - JULY 1946" ' -_// ' ; Instalment accounts outstanding at department stores showed slightly lessj t h a n the usual seasonal decline, in July, and w e r e a b o u t two-fifths higher tharv~a,! year a g o : Collections on instalment accounts decreased 3 per cent, resulting in a collection.ratio of 32 per' c e n t , one point.less t h a n in June. Instalment accounts were collected in'.about five months, approximately the same.average as for July 19^5. . ; I / - ; '^ ' Charge, accounts receivable declined less than is usual i n July, b u t ' continued more than one-half above .the year-ago level e , Collections on charge accounts were down slightly during the month, and t h e collection, ratio declined -three points to 57 por cent. Charge accounts, wore outstanding, on the average, approximately LZ lays, a s compared with about 48 days in July a'year earlier, - Cash and charge-account sales declined substantial iy,'-as i s customa?^, in July, but. continued w e l l abovo the volume in the corresponding' month, last year*. Instalment sales declined seasonally, but exceeded the ycar-ago level by 56 per cent. •' Department Store Sales, Accounts Receivable and Collections Percentage change from: July 1945 June 1946 to to July 1946 July 1946: Sales during m o n t h Cash Instalment Charge account -18 - ^ / - A c c o u n t s receivable, end of month , Instalment accounts Charge accounts • -23 ; V ; • . - " -• 2 -ii - - . Collections during month Inst a 1 r. e n t accou nts Charge accounts r - 3 ^ - 2 ~ '3 i : +17 u >'• +56 +48 - ^ - +41" +57 . +36 +39 1 Ratio of collections during month to accounts receival>le at beginning of m o n t h Instalment accounts Charge accounts ' July 1946 June 1-946 July ,1945 32 ' 57 33 60 32 62 I.'ote ;• Figures for July 1946 are preliminary and subject to revision. - - ^ ^ ' - " DZP/.RT:.24:T STGR2C - JULY 154 C ' Cask c.r: Credit S a l f s , ky Fcrdural R e s e r v e D i s t r i c t s l!idexez ; Cash .SE.1 -:E July i Juno | July ' 194 6 p l 1946 1945 ^r±ct 5 Octon -York j rhil&dvlphia 31e v. :%r.d ' 'Ri.chr.c-nd ' .".tlcr.ta :hi i:,-o .. Ct.Louir j Linr—apoli-s " j Kansas Cizv. Deling 'San _Franci rco. - F. 5. Total 149 Ic:: 202 172 191 177 256 - IPG 21b 223 120 150 i 224 i 2 94. , 2.3 7 1 257 - 29c 244 2 7-: 311 244 266 303 321 26^ 169 159 2(2 101 179 192 23.9 28-9 229 192 233 155 i i 19^1 avora^o = .100 Ir.staln.-rt rales July Ju ly 1946 1945 194Cp . ' ' 67 75 85 • 58 '66 77 105 104 91 ' 100 81 93 70 ..97' 96 ' 98 • 116 79 - 42 .68 G2 CO . - - 65 75 -: .V- 7 7 74 81- Clu\rgo-&ccount Kflos July July 1946 1945 194 6 p 154 104 74 10/ 156 46 47 116 . 160 157 ' -44. 180 45 - ' = 12G 171 163 62 " 145 45 167 127 136 58 167 57 ' 151 1.73 138' 164 62 - 62 161 : 196 52 159 181 ' • -: 7 13 0 - 1G9 " 69 81 92 89 103. 8.4 93 88 102 '121 105 88 1 A c c o u n t s r.ccuivabl'--. ar.d C o l l e c t ! e n s , by F e d e r a l R e s e r v e Districts riontk r . c c o u n t s o u t s t a n d i n g , end of Collection ratios* ; 1941 av-.-rz-.g-. = 1 0 0 'it . Ckarro a c c o u n t s I nsta Charge a c c o u n t s InstaIcent July July July July • July July July Dirtrict" July .19,5 1945 10-5 1946p, 1D46.P 1946 194 9 1945 1946 p : , jl946p 1946 Federal ' -Ycr4: F h i l e d r Irhla 37 - i ^ . j ••5 Richncn: : | A t Lanza j 31 i C}_lc:.rc 39 S t . Leu::: • :..inn-,apclis. Kaz.sar Jitv LE s - . L\n- F r a n c : coo , -. J 91 33 j 5 1 37 j 114 -z 7 , 31 ;.o5i 1 j\ :7 1 3:' I ^ i 29 '"""•"4 5 • ' !, • 52 39 .9 6 •53 37 35 49 31 31 46 ii 19-9 ! 136 | 33 | 35 2 80 . 21 . 21 26 71 76 32 3-; 80 137 27 12 8 i 79 7 7 " ' 33 127 jI 38 I--'.- ! 79 3 9 135 | . 79 72 ' .39 1 2 3 35 75 121 30 135 29 12 7 [ i 12 7 ; | | i 122 1 if 113 '*119 ;! 12 - j 119. ji i j 123 j 109 j 12 9 - :132 137 I ! | 32 , 119 : j 133 1 : i i ! ! 76' : • 31 4 1 39 3 6 48 47 60 5-1 50 '46 65 65 70 49 55 62' 61 51 47 66 65 36 37 ^0 28 2 6 , 1 •,0 61 70 71 61 ' 65 .35 32 57 60 e1 • 7 1 55 ' 53 52 62 . 61 54 52 71 . 67 73 7 1 6 0 7 2 ' i 76 i ^ - Cel. 2" ^ens durir.r :n^ntk a s pc-rccntag3 of a c c o u n t s i:ox.z 35 24 27 31 32. ' 26-. • 28'" 45' 62 r^ccivabl-u at b u r i r m i n g of T r r - t a t c . r.ro b a r e d or: ra-ports, of a b o u t -75 lr rr,e ddpartzr.v-nt stores- r o p o r t lr.- selec by t y p e of trar.ractior, r.or., t h a n 4 00 h a v i n g charge a c c o u n t s and T:b cut - 6 0 0 hi-vin^r instalr./rt a c c o u n t s . Sa.ck.fi^urvs nay. be_ o b t a i n e d on.re^u.;5t.:'rcr: the D i v i s i o n of Res,-.arch and 'Statistics* . "