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I
FEDERAL

RESERVE

BOARD
April 10, 1933
r&s r t p - 100

For release in morning papers
^dnasjlay,. April-12
DEPARTMENT STORE SALES IN MARCH, I933
Preliminary report

Preliminary f i g u r e s on the value of department s t o r e sales show a decrease
from February to March of somewhat more than the estimated seasonal amount. The
Federal Reserve Board's index, which makes allowance both f o r number of business
days and f o r usual seasonal changes, was 56 in March on the basis of the 1923I925 average as 100, compared with 60 in February and 60 in January,
In comparison with a year ago the value of sales f o r March, according to the
preliminary f i g u r e s , was 2J per cent smaller. In making the comparison with a
year ago, however, allowance should be made f o r the f a c t t h a t the date of Easter,
which was very early l a s t year (March 27) i s l a t e t h i s year (April l 6 ) , and that
t h i s year sales during March included a much smaller part of Easter buying than
they did l a s t year. The aggregate f o r the f i r s t quarter of the year was 25 per
cent smaller than l a s t year.
PERCENTAGE INCREASE OR DECREASE F O A YEAR A O
RM
G
January 1
Number of
March*
to
reporting
March 11*
stores
Total
Federal reserve d i s t r i c t :
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St, Louis
Minneapolis
Kansas City
Dallas
San Francisco

- 27

- 25

-

33
21
26
32

-

29
31
28
- 25

S3
23
- 22
30

—

-

Number
of
cities

447

213

30
23
26
27

52
56
32
30

28
29
15
10

-

24
24
26
26

48
19
6l
20

18
13
34
9

-

22
22
21
28

18
20
19
72

12
13
7
25

* March.figures preliminary; in most d i s t r i c t s the month had the same number of
business days t h i s year and l a s t year.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102