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FEDERAL
October 10, 1963
RETAIL FURNITURE REPORT FOR AUGUST 1963
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 ,
which u s u a l l y i n c r e a s e s l i g h t l y i n August, r o s e one per cent above the
amount outstanding on July 31 and continued to show moderate gains over
the corresponding periods of 1962. Collections amounted to about 12 per
cent of the t o t a l of f i r s t - o f - m o n t h balances. This r a t e and the implied
average maturity of around s i x t e e n months on c u r r e n t instalment r e c e i v a b l e s
were about the same as a year e a r l i e r .
Sales of r e p o r t i n g s t o r e s moved up s t r o n g l y i n several e a s t coast
d i s t r i c t s , but the i n d i c a t e d nationwide i n c r e a s e of around 7 per cent was
somewhat l e s s than seasonal, following a small contraseasonal r i s e i n the
preceding month. Both cash and charge account s a l e s showed s u b s t a n t i a l
gains over July and also over August 1962, with t o t a l s f o r 1963 t o d a t e
holding above the year-ago period. The July-August i n c r e a s e i n instalment
s a l e s was l e s s marked, and t h i s y e a r ' s August volume f e l l short of the
same month of 1962.
F u r n i t u r e Store S t a t i s t i c s f o r August 1963

Item

Percentage i n c r e a s e or
decrease ( - ) from:
Jan.-Aug. 1962
Month
Year
ago
ago
Jan. -Aug. 1963

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

-

7
8
5
12

JL
-2
4

0
6
-2
3

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

2
"7
3
August
1963

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

12

_o

1
-2
July
1963
12

XXX
XXX

xxr.
August
1962
12

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




6.16

-2RETAIL FURHITUR2 STORES - AUGUST 1963
Total Net Sales

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

Percenta? e i n c r e a s e ot decrease ( - ) from:
Jan.-Aug. 1962
Month
Year
to
ago.
ago
Jan. -Aug. 1963
16
-4
- 3
-8
3
- 3
5
0
16
—
8
-10
9
10
-2
0
6
0
4
6
11
5
0
0
11
- 6
3
1
-3
-2
3
6
0
1
5
3
4
7

1

0

Instalment Accounts Receivable
Federal
Reserve
District
Boston
Hew 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:
Year
Month
ago
ago
5
3
0
- 3
1
2
0
- 6
2
5
2
- 1
0
1
1
- 8
-2
-19
2
:i
i
- 4
2
i
i

1