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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
0.16

March 8, 1955
RETAIL FURNITURE REPCRT FCR JANUARY 1955

Instalment accounts outstanding at furniture stores
decreased 3 per cent during January, a month in which some decline
is customary* Balances outstanding continued about 1 per cent below
a year ago* The instalment collection ratio, estimated at 12 per
cent, was unchanged from both a month ago and a year ago*
Sales at reporting furniture stores decreased sharply from
December to January, as is usual for this time of year. Compared
with a year ago, however, all types of sales were higher — instalment sales by 10 per cent, cash sales by 13 per cent, and chargeaccount sales by l t per cent*
i
The retail value of furniture store inventories declined
further during January, and at the end of the month vas 2 per cent
below the preceding month* Stocks on hand were U per cent below the
year-ago level, and, at the January rate of sales, amounted to about
a 5 months* supply*

Furniture Store Statistics for January 1955
Item

Percentage change from:
Year
Month
ago
ago

Net sales during month
Total
Cash
Instalment
Charge account

.

39
-kl
-la
27

Accounts receivable, at end of month
Total
Instalment
Charge account
Inventories, end of month, at retail value

-

5
3
9

+ 2
- 1
+ 9

-

2

-U

Jan.
Vs?
Collection ratios on instalment accounts 1/




+10
+13
+10
+1U

Dec,
195U

12

12

Jan.
195U

>

—

2

—

RETAIL FURNITURE STORES - JANUARY 1955
Sales by Type of Transaction
(Percentage changes)
Instalment Charge-account
sales
sales
Year Month Year Month 1 Year
ago
ago
ago ago
ago

Total net sales Cash sales

pi

Federal
Reserve
District

Year
ago

Month
ago

-33
-U3
-39
-35
-35
-30

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

+13
- 2
+ 1
+ 2
+16
+16
+23
+13
+12
+ 2
+18
+11

-38
-51
-U8
-32
-38
-U0
-37
-U7
-52
—Uo
-33
-36

+20
0
+ 2
+13
+U5
+21
+2U
+1U
+ 6
- 6
+13
+ 7

-39

+10

-LI

+13

-2U
-5U
-U6
-38
-U6

-hi

U. S. Total

-31

+ 6
- 3
+ 3
+ 1
+15
+16
+21
- 2
+16
+ 1
+13
+15

-1U
-10
-UU
-Uo
-39
-38
0
—Uo
-Ul
-Uo
-36
-26

; +28
1 + 3
' - 5
i +3U
! + 5
+1U
; +25
• +39
-1U
+10 +21
+ 6

-Ul

+10

-27

+1U

-27
-56

4x6

-38
—U8
—U8
-37
-a
-36
-31

-3h

Instalment Accounts Receivable and Inventories
(Percentage changes)
Federal
Reserve
District
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
U . S . Total

Instalment
receivables.
end of month
Year
Month
ago
ago
-

3
U
3
U
U
3
3
U
u
2
1
1

+ 3
+ U
+17
-15
+1U
+ 2

- 3 .

- 1

n.a.—Not available*




-

h
8
3
6
0

Inventories,
end of month,
at retail value
Year
Month
ago.
ago
0
+ 2
+ 2
0
- 1
- 7
+ 1
- 2
- 2
- 8
-.6

i -h
i
! - u
! -10
j + 3
-30
! + U
! + 2
! - 3
j - 9
+ 1
+ 1
| - 7

-

i

2

- U