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G.16

December 11, 1964
RETAIL ifoltiJITURa-REPORT FOR OCTOBER 1964

Instalment accounts r e c e i v a b l e a t r e p o r t i n g f u r n i t u r e s t o r e s
were up s l i g h t l y i n October, a month'in which' l i t t l e change i s usual.
Monthly comparisons with 1963 hava shown a gradual upward movement i n these
accounts, and by October 1964 the t o t a l was 5 per cent l a r g e r than a year
earlier.
, .
The r a t e of c o l l e c t i o n on instalment accounts has been v e i l
maintained. The October r a t e , 13 par cent of accounts outstanding, was
the h i g h e s t since March 1963.
Charge.accounts outstanding continued to show the moderate growth
expected in the f a l l months. At the end of October the amount owed on
these accounts was 5 per cent l a r g e r than a year e a r l i e r .
Sales expanded seasonally i n October, with cash and instalment
business showing the l a r g e s t gains. Sales of a l l types continued in
s u b s t a n t i a l l y l a r g e r volume than i n 1963.
F u r n i t u r e Store S t a t i s t i c s f o r October 1964

Item

Month
ago

Percentage i n c r e a s r or
decrease ( - ) from:
Jan. - Oct. 1963
Year
to
ago
Jan. - Oct. 1964

Net s a l e s during month
Total
Cash
.Instalment
Charge account

13
13
10
3

•

9
10
9
8

9
14
9
9

Accounts r e c e i v a b l e , a t end of month
Total
Instalment
Charge account

Collection r a t i o s on instalment
accounts 1/

1
~T
2
October
1864
13

' _5
3
5
September
1964

October
1963

12

1/ Collections during month as percentage of accounts outstanding a t
beginning of month.




12

G.16

-2-

RETAIL FURNITURE STORES - OCTOBER 1964
Total Net Sales
Percentage i n c r e a s e or decrease ( - ) from:
Jan. - Oct. 1963
Year
to
ago
Jan; - Oct. 1964

Federal
Reserve
District-

Month
ago.

14
o
2
0
13
7
o

14
17
.v
9
14
13
10
4
2
4
10
7 :

6
18
7
7
10
8
11
0
7
3
4
8

10

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

9

9

12
30
5
-14
9

.

IL S, Total

Instalment Accounts Receivable
Federal
Reserve
District
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas City
Dallas
-San Francisco

Percentage increase or decrease ( - ) from:
Month
Year
ago
ago

v

"

U. S. Total




2
2
4
02
1
3
- 1
1
1
- 1
1
1

0

13
8
- 4
9
5
10
1
-20
8
2
5
5