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FEDERAL RESERVE BOARD February J, 1933 r&s r t p - For release in morning papers Friday, February 10 DEPARTMENT STORE SALES IN JANUARY, 1933 Preliminary report Preliminary f i g u r e s on the value of department store sales show a decrease from December to January 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 59 i n January on the basis of the I923-I925 average as 100, compared with 62 i n December and 65 i n November. In comparison with a year ago the value of sales f o r January^ according to the preliminary f i g u r e s , was 24 per cent smaller. PERCENTAGE INCREASE OR DECREASE FROM A IJBAR A O G : — Total January* - 24 Number of reporting stores Number of cities U39 211 Federal reserve d i s t r i c t : Boston New York Philadelphia Cleveland ~ - 27 25 22 22 48 54 30 29 24 27 12 13 Richmond Atlanta Chicago S t . Louis - 18 23 25 23 50 19 60 21 21 3.3 33 9 Minneapolis Kansas City Dallas San Francisco - 21 20 18 2% l6 19 22 71 10 l4 10 25 * Figures preliminary; i n most d i s t r i c t s the month had the same number of bus iness days t h i s year and l a s t year.