Full text of G.17 Department Store Credit : September 8, 1964

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F E D E R A L
statistical

R E S E R V E

release

GelMiABT -

September 8, 1964

L

SEP". 9 1964
DEPARTMENT STORE CREDIT - JULY 1964
FK-r:
: t'Ah/x
alment
accounts r e c e i v a b l e of r e p o r t i n g department s t o r e s
Ins
o:> v./_;-Lvii
decreased 2 p ^ r ^ c e n t i n J u l y , a month i n which a d e c l i n e i s u s u a l . The
r a t e o t c o i i e c t i o n on accounts o u t s t a n d i n g a t t h e end of t h e preceding
month was down one percentage p o i n t f r o m - t h e a c c e l e r a t e d pace s e t i n June.

Charge accounts outstanding declined l e s s frop June to July
than.in other recent years. Although the average repayment r a t e on these
accounts slackened somewhat, i t was above the. corresponding period or 1963.
.Department s t o r e s a l e s declined s e a s o n a l l y i n J u l y but continued well above l a s t y e a r ' s volume. Charge*-account s a l e s d e c l i n e d ^ a e r e - t h a o r —
e i t h e r cash or i n s t a l m e n t s a l e s during .the month "but were 5 per cent above
those f o r J u l y 1963. The y e a r - t o - y e a r gain i n c a s h - s a l e s of r e p o r t i n g
s t o r e s was 10 per c e n t , ^and i n s t a l m e n t s a l e s r o s e somewhat more s h a r p l y .
Department Store Credit

Item
Charge , \

•

Accounts r e c e i v a b l e , end of month
Collection r a t i o s 1/
Percentage increase
or decrease from; Percentage d 1i s t r i b u t i o n
Month agoI Year"ago J u l y ' 64 June 64 J u l y ' 6 3 J u l y ' 6 4 J u n e ' 6 4 J u l y ' 6 3
49.
51
50
40
39
33 ,
17

18

17

61

Instalment

Department Store Sales
Item

Percentage i n c r e a s e .
or d e c r e a s e from:
Year ago
Month ago

Total

- 9

Cash

- 7

Charge

-11

instalment

- 9

x

• Percentage d i s t r i b u t i o n

.

loo
-

:

•

s
12

:
,

June '64 .

J u l y '64

45

/

July '63
100

100

; ,
^

44

:

37

38

39

IS

10

13

1/ C o l l e c t i o n s during month as a percentage of accounts r e c e i v a b l e a t
beginning of month.




43

y-

G. 17

"2-

DEPARTMENT STORE CREDIT - JULY 1964
S a l e s by Type
p e r c e n t a g e i n c r e a s e or d e c r e a s e ( - )
Total sales

Federal
Reserve
District

Month
ago

Boston
New York
Philadelphia
ClevelandRichmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

Year
ago

-18

12
9

-19
-17
-11
-10

.

~-6
- 9
- 9
-23
- 4

- 7
11
0
5
5
12

Month
ago

Year
ago

-16

9
15
11
6
7
10
11
7

-1.6

-13
-5

6.

10

r

6

Cash s a l e s

- 7
-15
- 2

11
7.

6;

..2
11

-16

-22

-24
-22

-14
-11

- .7
- 9
-12

-2G
- A
10
17




- 7 .
- -1
-10
1
- 9
r
.
-"
6
- 7
3
- 3 .
7
- 6
3
- 2 .,
•V
- 4
.
2
- 7
3 . .
- 3
12
- 2
4
- 2

' -3
. -4
i- 2
-1
-2
-4
-2
-3
-1
0

-15.
- 9
-13
-12
-13

7
1
5
2
3
10
6

- 3
-25
:- 9 .
3
6

-2

9
7

Accounts R e c e i v a b l e , end of month
P e r c e n t a g e i n c r e a s e or d e c r e a s e ( - )
Instalment
Charge accounts
Federal
Year
Month .
Year
Month
Reserve
ago
ago
ago
ago
District

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

Instalment
sales
Year
Month
ago
ago

Charge-account
sales
Year
Month
ago
ago

;•

- io
7

' 3
11
• 11

\

15
10
11
14
15
3
-1

10 ,

21
12