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FEDERAL
statistical

RESERVE

release

!

... December 9, 1963

G. 16

RETAIL FUR1IITURE REPORT FOR OCTOBER 1963
Instalment accounts r e c e i v a b l e of r e p o r t i n g f u r n i t u r e s t o r e s
increased one per cent in October and continued s l i g h t l y above the amounts
outstanding a year e a r l i e r . Collections shoved the customary seasonal spurt
to 12 per cent of f i r s t - o f - m o n t h outstandings in October, approximately the
same r a t i o as i n the corresponding month l a s t year.
Both cash and c r e d i t s a l e s of f u r n i t u r e s t o r e s showed the l a r g e s t
expansion from September recorded i n several y e a r s . All types of s a l e s
were considerably above October 1962 as v e i l , with cash and charge-account
t r a n s a c t i o n s shoving l a r g e r y e a r - t o - y e a r gains than instalment business.
Sales f o r the f i r s t ten months of the year have not been markedly
d i f f e r e n t i n t o t a l volume from the 1962 period. Cash s a l e s a r e 6 per cent
l a r g e r t h i s year but both types of c r e d i t s a l e s are about the same as i n
January-October 1962.
F u r n i t u r e Store S t a t i s t i c s f o r October 1963

Item

Percentage i n c r e a s e or
decrease ( - ) from:
Jan. - Oct. 1962
Month 1 Year
to
ago
(
ago
Jan. - Oct. 1963

|

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

11
11
12
10
1

Accounts receivable* a t end of month
Total
instalment
Charge account

7
11
5
9

1
~T
-1
1
1

!

_!
0

!

.1

1
I

'

JL
1

October September
1963
1963

October
1962

C o l l e c t i o n r a t i o s on instalment
accounts 1/
12
12
11
. - - . - .
1
1/ Collections during month as percentage of accounts outstanding a t
beginning of month.




G. 16

-2RETAIL FURNITURE -ST0R2S - OCTOBER 1963
Total iTet S^les
Percenta ge i n c r e a s e or decrease ( - ) from:
J
Jan. - Oct. 1362
Year
to
a
S°
I
Jan. - Oct. 1 9 5 3

Fadersi
Reserve
District

llonth
ago

Boston
ilex; York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St.. Louis
Minneapolis
Kansas City
Dallas
5an Francisco

3

j

-2

0
5
-3
-3

i
j
1
!

-1
2
-9
0

-5

21
14
-2
13
16
3
6
1

5

j

6

5

,

2

4
20
3
12

i
I

-4

8
15

J

-4
. 5

11

7

1

:

6

— U. S. Total

0

14

5

Instalment Accounts Receivable
Federal
Reserve
District
Boston
Hex; York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
U. S. Total




Percentage i n c r e a s e or decrease ( - ) from:
j
Year
Month ;
ago
1
ago

!i

2
1
3
-1
2

0

|

!

j

1
0
-1
3
-1
0
1

•

I
j
!
!

•

i!

•• ' •

1

3
1
-5
5
-1
3
-8
-16
4
-3
3
1