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BOARD OF GOV TuTORo OF TH3 FlDSTtAL Rr.LRV.S 3Y3T1K
G.16

x

"

July 6, I960

JjiTTATT, F U E H T U R J REPORT FOR HAY I960

Total accounts receivable at reporting furniture stores were
unchanged in May and about 3 per cent hiyier than in Mey 1959* Collections on instalment accounts remained at 12 per cent of the amount
outstanding at the beginning of the month.
Sales at reporting stores increased 5 per cent in May and
were slightly smaller in the first five months of 1960 than in the comparable period of 1959*
Furniture Store Statistics for May 1960

Item

Percentage change from:
Jan.-May 1 9 5 9
to
Year
Jan.-May 1 9 6 0

Month

Net sales during month
Total
Cash
Instalment
Charge account
Accounts receivable, at end of month
Total
Instalment
Charge account

+5
+8
+5
+6

0
-1
.+2 •

May
I960

Apr.
I960

12
• ,

12
,

+3

+3
+3
+3
•

Collection ratios on instalment accounts 1/j

-1
-3

-5
-5
-5
-6

1

-

May .
1959

12

i

1/ Collections during month as percentage of amounts outstanding at
beginning of month.




2 -

G.16

R L T M L FURNITURE STORES - MAY I960
Sales by Type of Transactions
(percentage changes)

Federal
Reserve
District
Boston
New York
Philadelphia
Cleveland
Rj chrond
Atlanta

Chicago
St. Louis
Minneapolis
Kan.3f.s-City
Dallas
3an Francicco
U. 3. Total

C a sh sales

JTotal net sales
Month | Year
ago 1 .. ago

+ ]
0

j +.6
1 + 3
! +17
1 + 3
+ 9
+17
+ 3
+14
+

2

I

i
I
j

|
I
1

Year
ago

Month
ago

Year
ago

-14
+16
-11
- 7
- 3
-16
- 7
- 5

-10

+ 9
+ 3
+ 7
+21
+32
+15
- 3
+11
+12
+10

-10

+ 1

!

+ 8

j

+ 4
-18
-18

+ 3
+ .1
- 2
+ 5
- 3
+19
+ 4
+12
+15.
+ 2
+14
+ 1

+ 1
+ 4
- 5
- 2
-17
- 2
0
- 6
+ 9
-11
-10
-13

!

- 5

+ 5

- 5

- 4
+ 5
- 8
- 1
-10
- 5
- 2

- 4
+ 3

j

;

1

+ 5

Instalment

Month
ago

' " - 5
I

1
!
i

- 2

+ 8

i

Charge-account
sales
ilonth
Year
ago

+23
+ 1

- 6
-12
-10
n a
+ 6
-25
- 4
+10
-18
-14
- 5
-13

+ 6

- 6

0
+ 4
- 1
n

.

+ 9
+ 2

. + 8
- 4
+35
+ 2

Cumulative Sales by Type of Transaction, and.
Instalment Accounts Receivable
(Percentage changes)

Federal
Reserve
District

Instalment
receivables,

Cumulative sales, Jan.-May
j Total

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

+3
+5
+1
-2
-4
-6
+5
-5
+4
-6
-4
-4

U*. S. Total

-1

n.a. - Not avail;
Lable.




i

Instalment

| Cash

- 8
+ 5
- 4
1
-18
! -14
! - 9
+ 7
i
!

1

i

-

5
7
7
3
8

- 3

+3
4:5 .
+1
-1
-5
-5
+4
-9
, +6
-7
-5
-5

- U

Chargeaccount

Month

Year

P-ZO

-1
-2
0
0
0
+1
-2
+1
+1
-2
-7
-1

+ 7
0
+ 3
+ 4
-10
+ 4
+ 8
+ 2
- 4
+ 1
+ 1
+ 3

-1
1

+ 6
+ 4
+ 8
- 4
+ 4
+ 2
+ 4
+ 1
^+23 - 6
- 2
+ 2
+ 3

*