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314

'BOAHD O F GOVERNORS OF THE FEDERAL RESERVE SYSTEM

G.16

April 3, 1958
RETAIL FURNITURE REPORT FDR FEBRUARY 1958

Instalment and charge accounts receivable at furniture
stores during January declined 3 and U per cent respectively and
at the month end were below the level of a year ago. Collections
on instalment accounts were 11 per cent of the amount outstanding
at the beginning of the month, down 1 point from a month ago and
a year ago.
Both cash and credit sales at reporting furniture stores
were down from January to February. Compared with a year ago, total
sales in February were down 15 per cent, reflecting declines in both
cash and credit sales.
Furniture Store Statistics for February 1958

'

Percentage change from:
Jan.-Feb. 19%7
Year
to
ago
Jan.-Feb. 1958

Month
ago

%

'

Wet sales during month
Total
Cash
.Instalment
Charge account

- 8
-18
- 6
- 8

-15
-lli
-17
-11

Accounts receivable, at end of month
Total
Instalment
Charge account

- 3
- 3
- b

- h
- 3
- 5

Feb.
1958

Jan.
1958

Feb.
1957

12

12

Collection ratios on instalment accounts 1/.

H

-10
- 6
-12
-7

— Collections during month as percentage of accounts outstanding at
beginning of month.




.

G.l 6
RETAIL FURNITURE STORES - FEBHJARY 1958
Sales by Type of Transaction
(Percentage changes)
Federal
Reserve
District

Total net sales
Month
Year
ago
ago

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
£-nsas City
Dallas
San Francisco

- 7
- 6
-12
- 3
-10
-12
- 4
+ 6
-14

U . S . Total

Cash sales
Year
Month
ago - ago

Charge-accounInstalment
sales
sales
Year | Month Year
Month
ago
ago
ago i ago

- 9
-16

-19
-15
-17
-24
-19
-22
-17
-18
-22
-14
+ 1
- 3

-25
-13
-12
-12
-16
-22
-13
-10
-24
-23
-30
-29

-17
-14
-14
-19
-17
- 9
-15
-17
-18
- 5
- 7

0
- 2
-16
I - 4
- 6
-11
+ 1
+11
-12
- 8
< - 7
-17

- 8

-15

?18

-14

- 6

- 6

-24
-23
+ 3
- 9

-13
-22
- 5
+10
-18
-12
-11
+ 3
-18
+ 9
- 5
- 7

-24
-16
-11
-24
-11
-19
-22
I -24
1 -16
i+ 7
i- 1
i +10

-17

- 8

j -11

-14
-15
-21
-25
-22
-22
-18

-16

Cumulative Sales by Type of Transaction, and
Instalment Accounts Receivable
(Percentage changes)
Federal
Reserve
District

Cumulative igales, Jan • —F eh •
change from 1957 to 1958
ChargeTotal
Cash
Instalaccount
ment

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

- 9
- 8
-10
-20
-13
-14
-12
-11
-10
-11
+ 1
- 3

-12
- 6
- 2
-10
-20
-10
- 1
- 7
- 1
- 6
+ 3
- 8

- 7
- 7
-13
-20
-17
-14
-15
-14
-12
-23
+ 2
- 6

-12
-19
- 8
-24
0
r 6
-16
- 7
- 5
+10
- l
+ 5

U . S . Total

-10

- 6

-12

- 7




Instalment
receivables,
end of month
Year
Month
ago
ago
- 6
-1
0
-2
-5 ' I o
-3
I - 5
1
-1
- 5
- 3
i - -5
-3
- 7
- 1
-3
-10
-2
-2
j -14
+
-1
I 8
-3
i- 6
-3

i- 3