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1

I

.FEDERAL

J I S I E V E

BOARD
January 8, 1932
r&s rtp-85

For r e l e a s e i n evening papers
Monday, J a n u a r y 11
DEPARTMENT STORE SALES IN DECEMBER, 1.931
Preliminary report

P r e l i m i n a r y f i g u r e s on t h e value of department s t o r e s a l e s show an i n c r e a s e
from November t o December of about t h e e s t i m a t e d seasonal amount. The Federal
Reserve B o a r d ' s index, which makes allowance both f o r number of b u s i n e s s days
and f o r u s u a l s e a s o n a l changes, was 81 in December on t h e b a s i s of t h e 1923-1925
Average as 100, compared w i t h 83 i n November and 36 i n October,
In comparison with a year ago t h e v a l u e of s a l e s f o r December, a c c o r d i n g to
•the p r e l i m i n a r y f i g u r e s , was 1J per cent s m a l l e r . The a g g r e g a t e f o r t h e year
1931 a s a whole was 11 p e r cent s m a l l e r .
PERCENTAGE INCREASE OR DECREASE FROM A YEAS. .AGO
December*
Total

- 13

12 months
ending
December 11*

Number of
reporting
stores

Number
of
cities

- 11

44y

224

9

57

8

31

33

13

federal reserve d i s t r i c t :
Boston
New York
Philadelphia
CIeveland
Richmond
Atlanta
Chicago
S t . Loui s
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

12

8

13
13

9
17

6

57

16

13

14
13

46
17

23
15
28
10

13

9

18
22

11
14

20
21

17

12

ll

11

•December f i g u r e s p r e l i m i n a r y ; i n most d i s t r i c t s t h e month
of b u s i n e s s days t h i s year and l a s t y e a r .




3

16
16

si

5

29

had t h e same number