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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
July 9, 1937
R&S r t p - 151

For r e l e a s e in evening papers
Saturday, J u l y 10
o
DEPARTMENT STORE SALES IN JUN;
Preliminary Report

Index of department s t o r e s a l e s
1923-1925 average = 100
Adjusted f o r seasonal v a r i a t i o n
Without seasonal adjustment

* 4 l e v e il as i• n
-ard's index

oxim

Department s t o r e s a l e s continued in June a t
e a r l i e r months, when allowance i s made f o r seasoni
f o r t h e l a s t t h r e e months and f o r June 1936 i s sh
June

May

Apr.

1936
June

93
89

93
95

93
89

87
84

Total s a l e s i n June were 7 percent l a r g e r than in June 1936 and i n t h e f i r s t
half of t h i s year s a l e s were 11 percent l a r g e r than i n t h e corresponding period of
l a s t y e a r . The l a r g e s t i n c r e a s e s , both f o r June and f o r t h e year t o d a t e , were in
t h e Midwestern i n d u s t r i a l d i s t r i c t s .
REPORT BY FEDERAL RESERVE DISTRICTS
Percentage change
from a 3rear ago
January 1
to
June*
June 30

Number
of
stores
reporting

Number
of
cities
included

+7

+11

478

243

Boston
New York
Philadelphia
Cleveland

+4
+6
+4
+12

+6
+7
+7
+18

52
55
29
30

32
29
13
12

Richmond
Atlanta
Chicago
S t , Louis

+5
+10
+13
+9

+7
+11
+16
+12

50
22
56
35

23
14
30
18

+6
+2
0
+2

+5
+7
+11
+9

31
21
18
79

19
15
7
31

Total
a l Reserve d i s t r i c t s :

Minneapolis
Kansas City
Dallas
San Francisco

* June f i g u r e s p r e l i m i n a r y ; i n most c i t i e s t h e month had t h e same
number of b u s i n e s s days t h i s y e a r and l a s t y e a r .



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