Full text of G.16 Retail Furniture Report : June 8, 1961
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BOAED OF GGVEEJ0E3 OF THE FEDERAL RESERVE SYSTEM G.l6 June 8, 1961 EETAIL FUBNITUEE BEE OFT FOB APBIL I96I 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 declined s l i g h t l y i n A p r i l and continued about 5 >cr cent "below those of a year e a r l i e r . The rc.te of c o l l e c t i o n slackened somewhat, amounting i n A p r i l t o 11 p e r ccnt of f i r o t - o f - c o a t h accounts outstanding compared with about 12 p e r cent f o r e a r l i e r months of the y e a r . T o t a l f u r n i t u r e s t o r e s n l e s shoved l i t t l e change during A p r i l . A d e c l i n e in cash purchases was o f f s e t by Increases in both charge and instalment b u s i n e s s . I n s t a l n e n t s a l e s , which account f o r a s u b s t a n t i a l p e r t of the t o t a l , continued w e l l below t h e i 9 6 0 volume, while cash and charge s a l e s showed l i t t l e change. F u r n i t u r e Store S t a t i s t i c s f o r A p r i l 1961 Iter. Net s a l e s during month Total Cash In s ta lme n t Charge account Accounts r e c e i v a b l e , a t end of nonth Total Instalment Charge account "percentope chunw from: j Jan. A p r i l I960 to 1 Month Year 1 Jan.- A p r i l 1961 aro 1 ai co i 0 -4 +2 -11 - 2 i1 -15 | ; - 1 -1 - 1 : -1 i n -12 + 3 -1Y - 5 1 1 | !: - 6 5 1- 6 1 1 Apr. | Mar. 1961 ; 1961 Collection r a t i o s on instalment accounts i / i ! , 12 XXX x XXX XXX Apr. I960 12 _!/ C o l l e c t i o n s during month, ua percentage of accounts outstanding a t beginning of month. G. 16 — 2 - ! ~ ! +> U. S. T o t a l 0 T .. i "11. • * JL^l, Month! Year a no ' - 7 j +?~, -13 -11 « +10 i -18 +40 i + 1 6 1 +12 - e - 4 ; -15 - 8 - 1 i +10 j -10 1 j | T o t a l n ot s a l e s 1 , Month Year" ian0 1 Ecstcn I -3 1 - V t : New York -11 . 1 -11 ! 17 Philadelphia ; - 1 : i CloTelcnd. ,+ 3-j -25 Ri chmond , +13 j1 - 5 Atlanta i +13 i! - 8 ! | + 5 i -15 i C^tdaco So. loui s ! 0 1 - 1 1 Minneapolis ! - 4 -14 Kansas C i t y + 1 E ' l i a s ; - a j - 5 Zen Francisco i -11 1 - 8 1 Federal Reserve - District -2 - 1 2 + 6 >5 +11 +14 + 9 - 1 0 1 -221 - 6 +20 +19 - * - 2 + 2 t j Charge-•account instalment sales Month J Year ano ; ano + 2 - 4 +14 + 3 -16 -15 .. j L. RETAIL HJfcHlTUEg STOKES - /JrKLL I 9 6 I S a l e s by Type of Tronsaction (Percentage chenjee) i - 7 1 - 2 1 -19 -2? | - 1 0 j - 9 j -14 ! -13 -15 - 8 - 8 | -20 j [ -15 | 1 Month a no Year a/to - 1 + 2 9 - 8 -10 +16 -16 + 1 1 0 - 3 + 2 - 5 -13 + 9 -14 + 7 ' .+.3 e m u l a t i v e S a l e c by Type of Transaction, and Instalment Accounts Receivable (Porcwntace chance3) j I n s t a l ment Cumulative s a l e s , J a n . - A p r i l j receivables, chan, :e f r o n I960 to 196l i end of month Year Cash | I n s t a l - 1 Chcrae- j Month j Total ar.o ' account {t euro ment 1 6 j + 3 -2 Boston - 7 f " 7 1 " 8 7 - 2 -2 +32 I -17 Mew York - 3 -11 ' -1 -20 Philadelphia ! -18 -19 i -21 - 3 -32 , n.a. ' -30 ..Cleveland ' "2 2 + 8 1 - 6 8 Richmond - 7 - 4 +12 0 Atlanta -12 -13 j -13 - 6 -2 -18 Chicago -11 | -21 1 -18 - 4 -1 S t . Lcuis -11 l - 8 - 1 - 5 + 3 -1 -10 Minnecpolis | -10 - 4 ! -11 - ! +12 I -13 Kansas City -1 j + 1 2 - ^ Dallas ! +3 -1 -10 | -14 -11 - 5 - 1 Son Frsncleco ..." 9 . . . + 1 ? i . - 1 8 . . 1 2 ! " 1- " • Federal Reserve District j ! " U. 3 . T o t a l -12 -17 + n . a . - Kot a v a i l a b l e . 3 i t " 5 ' 1 -1 - 5 -16 - 4 - 8 + 3 +13 + 6 . - 1