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FEDERAL

RESERVE

G.16

July 8, 1964
RETAIL FURNITURE REPORT FOR M Y 1964
A

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 were up
s l i g h t l y i n May,, w h e n , l i t t l e change i s usual in both instalment and
charge accounts outstanding. Accounts of both types continued to be
l a r g e r than a year e a r l i e r .
Collections on instalment accounts during May amounted t o
about 12 per cent of accounts outstanding a t the end of the preceding
month. This r a t e of c o l l e c t i o n has changed l i t t l e i n the p a s t
twelve months.
Total s a l e s were up 8 per cent i n May, a month i n which an
increase i s usual. The expansion in the instalment component was
g r e a t e r than i n e i t h e r cash or charge business. Sales during the f i r s t
f i v e months of t h i s year continued well above a year e a r l i e r , with
s u b s t a n t i a l gains recorded f o r a l l types of t r a n s a c t i o n s .
F u r n i t u r e Store S t a t i s t i c s f o r May 1964

Item

Month
ago

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

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

8

2

11
4

4
0

1

3
3
3

T

8
9
8
6

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

1

xsc:

May
1964
C o l l e c t i o n r a t i o s on instalment
accounts 1/

April
1964

May
1963

12

12

12

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




G.16

-2RETAIL FURNITURE STORES - M Y 1964
A
Total Net Sales
Percentage i n c r e a s e or decrease ( - ) from:
Jan. - Kay 1963
Year
Month
to
ago
ago
Jan. - Mav 1964

Federal
Reserve
District
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
U. S. Total

j

14
-1
5
13
13
20
5
8
1
8
16
1

C
2
-6
5
5
7
-9
4
-2
1
. 5

3
17
7
3
8
7
11
1
14
4
0
5

ji

8

2

8

Instalment Accounts Receivable
Federal
Reserve
District
Boston
New 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:
Month
|I
Year
ago
|1
ago
1
-1
1
3
1
1
1
-2
o
1
1
0
1

I
• j
1

7
1

1

- 7

!
i

-21
5
0
5
3