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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G. 16-

March 7, 1957
RETAIL FURNITURE REPORT FOR JANUARY 1957
Instalment accounts outstanding a t 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 January, when some decrease i s u s u a l , and
a t the end of the month v r = U per cent below the year-ago l e v e l .
The r a t i o of collection*accounts outstanding on t h e f i r s t
of the month was 12 pe?
- , 1 p o i n t l e s s than a month ago but
the same as a year ear..
Both cash and c r e d i t s a l e s declined from December to
January. Cash s a l e s were p r a c t i c a l l y unchanged, however, from
the y? ir-ago volume, while i n s t a l m e n t and charge-account s a l e s
were down 5 per cent and 2 per c e n t , r e s p e c t i v e l y .
Furniture Store S t a t i s t i c s f o r January 1957

Item

Percentage change from:
Month
Year
ago
ago

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

-38
-37
-39
-25

-h
0
-5
-2

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

- 7
- U
-12

-3
-h
-2

Jan, Dec.
1957 1956
C o l l e c t i o n r a t i o s on instalment accounts 1 /

12

11

Jan.
1956
12

l / C o l l e c t i o n s during month as percentage of accounts outstanding a t
beginning of month.




— 2 —
RETAIL FURNITURE STORES - JANUARY 1957
Sales t y Type of Transaction
(Percentage changes)

Month
aao

Year
ago

Month
ago

Year
ago

Instalment
sales
Month
Year
ago
a«o

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

-32
-49
-44
-40
-41
-46
-34
-45
-32
-27
-31
-26

- 8
- 8
0
. - 9
+>2
-f 4
- 5
0
-10
- 7
+13
- 7

-45\
-40 \
-48
-51
-41
-39
-33
-45
-46
-21
-27
-25

+14
-11
- 2
+ 5
- 1
+ 8
+ 4
- 3
- 5
+ 2
+ 3
+ 2

-30
-53
-48
-39
. -44
-47
-40
-38
-32
-23
-33
-26

- 8
- 9
- 3
-10
+ 3
- 5
-10
+ 5
-13
- 6
+16
-10

-32
0
-33
-35
-26
-36
- 7
-56
-22
-37
-27
-26

-10
+ 9
+ 8
- 6
- 1
-12
+ 6
- 9
- 4
-12
+10
- 5

U. S . Total

-38

' - 4

-37

0

-39

- 5

-25

- 2

Federal
Reserve
District

Total n e t s a l e s

Cash is a l e s

Instalment Accounts Receivable
(Percentage changes)

Federal
Reserve
District

Instalment
receivables,
end of month
Month
Year
ago
ago

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas City
Dallas
San Francisco
U. S. Total




-

- 3 •
- 5
- 5
- 5
- 4
-10
- 3
- 3
- 5
- 4
+ 1
- 1

- 8
-14
- 2
+11
+ 2
+ 2
+ 2
- 1
- 2
-19
+ 5
+ 3

- 4

- 4

Charge-account
sales
Year
aao

Month
ago