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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
' July
1946
Instalment accounts
Charge accounts

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 ..

149
Ic::

202

-

IPG

21b
223

172
191
177
256

i
224
i
2 94. ,
2.3 7
1
257 -

29c
244
2 7-:
311
244

- F. 5. Total

266
303
321
26^

192

Ct.Louir
j
Linr—apoli-s " j
Kansas Cizv.
Deling
'San _Franci rco.

. '

233

= .100

155

'

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

120
150
169
159
2(2
101
179
192
23.9
28-9
229

i
i

19^1 avora^o

Ir.staln.-rt rales
July
Ju ly
1946
1945
194Cp

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
't
i
. 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 1D46.P 1946
10-5
1946p,
194 9
1945 1946 p
:
, jl946p 1946

Federal '

91
-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

33

j

5 1

37

j 114

31
31

- 7
z

, 31

;.o5i

1
j\

:7

1

3:' I ^
i 29

'"•4 5
"""

• ' !
,
• 52
39
. 6
9
•53
37
35

i 19-9
i

!

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
[ 12 7
i

;

| 122 |
i
f
1
i 113
'*119 ;!
12 - j
119. j
i

i

j

123

j 109
j 12 9

- :132

137

I
!

46

| 32

,
: 119

j
1 133

i

49

:

i

!

:

•

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

76'

•,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

62

!

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'

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*
.
"