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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM^
G.l6

June 7, i960
REPAIL FURNITURE REPORT FOR APRIL i960

Tbtal accounts receivable at reporting furniture stores
declined slightly in April but were about 5 per cent higher than
a year ago. 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 April
and for i960 were slightly larger than in 1959.
Furniture Store Statistics for April i960

Item

Percentage change from:
Jan.-Apr. 1959
to

1
I

i

Month Year
ago

Net sales during month
Total
Cash
Instalment
Charge account

+5
+1
+8
-5

-3
-3
-4
0

+1
-3
0
+5

Accounts receivable at end of month
Total
Instalment
Charge account

-1
-1
-3

+5
+4
+9

XXX
XXX
XXX

Apr.
I960

Mar.
I960

Apr.
1959

12

12

13

Collection ratios on instalment accounts \j

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




RETAIL FURNITURE STORES - APRIL i960
Sales by Type of Transaction
(Percentage changes)
Total net sales
Year
Month
ago agp
0
+ 7
- 1

+ 6
+ 3
+11
+12
+20
+13
- 4
+1?
0
+ 3

Cash sales
Year
ago
- 2
+ 5
- 2

:?

- 5

- 1
+24
+ 6
- 1
+30
+ 2
- 7
- 9
-12

+ 5

- 3

+ 1

- 8

- 3
-10

0
- 6

+ 7
- 7
-12

>•20

+10
- 9
-18
-13
-14

+ 6
- 5
+ 2
-16
-12

- 1

Instalment
sales
Year
Month
ago
+ 2
+ 4
+15
+15
+25
+15
- 3
+15
0
+ 9
0
0

Charge-account

+ 8
+ 7
0
- 9
0
r 9

- 1
-11

+ 9
- 8

-13
- 4

- 3

Cumulative Sales "by Type of Transactionf and
Instalment Accounts Receivable
(Percentage changes)
Federal
Reserve
District
Boston
Mew York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapoli s
Kansas City
Dallas
San Francisco

Cumulative sales Jan.-April
change from 19*39 to i960
ChargeInstalTotal
account
ment
+5
+5
+3
-2
-2
-6

+7
-6

+4
-5
-2

-1

U. S. Total
n.a. - Not available.




- 6
+ 2

+ 4
+ 5

- 2
-21

- 2

+11
+ 2
+ 8

- 1
- 1

+Y

-17
- 6
+11
- 5
- 8

- 9

+ 1
- 4
- 3

- 6

+ 6
-10
+ 5
- 6
- 4
- 3

Instalment
receivabl 3f
end of month
Month
Year
ago
ago
-2

+1
+1
-2

;2

+
+
+
+

8
9
1
2
5

+ 5

-1
-1
0
-1
0
-2
-2
-2