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^ 0 GOVERNOR SYSTEM BOARD OF GOVERN} For r e l e a s e i n e v e n i n g p a p e r s Wednesday, March 10 March 9 , 1937 R&S r t p - 147 RESERV DEPARTMENT STORE SALES 117 FEBRUARY 1937 Preliminary report Department s t o r e s a l e s i n c r e a s e d from J a n u a r y t o F e b r u a r y "by more t h a n t h e u s u a l s e a s o n a l amount. The B o a r d ' s a d j u s t e d i n d e x f o r t h e l a s t t h r e e months and f o r F e b r u a r y 1936 i s shown "below: 3-936 Feb Dec. Jan. Feb. I n d e x of d e p a r t m e n t s t o r e s a l e s 1923-1925 a v e r a g e = 100 33 92 93 Adjusted f o r seasonal v a r i a t i o n 95 66 lbl 76 73 Without s e a s o n a l a d j u s t m e n t T o t a l s a l e s i n F e b r u a r y were 10 p e r c e n t l a r g e r and i n t h e f i r s t two months of t h e y e a r 11 p e r c e n t l a r g e r t h a n i n t h e c o r r e s p o n d i n g p e r i o d s l a s t y e a r . REPORT BY FEDERAL RESERVE DISTRICTS p e r c e n t a g e change f r o m a y e a r ago January 1 to February* F e b r u a r y 28 +10 +11 Boston Eew York Philadelphia Cleveland + 6 + 7 + 6 +20 + 9 Richmond Atlanta Chicago S t . Loui s ' + 7 + 7 Minneapolis Kansas C i t y Dallas San F r a n c i s c o Total Number of stores reportinz "Number of cities included 53U 2.61 Federal Reserve d i s t r i c t s : + 7 + 9 +16 53 55 32 30 . 32 2 9 14 12 +13 ~h 8 55 29 70 33 26 +10 +17 +10 + 7 +11 + 6 +12 + 7 39 25 + 9 + 9 + 8 + s 21 21 96 20 32 17 12 9 33 * F e b r u a r y 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 one l e s s "busi n e s s day t h i s y e a r t h a n l a s t y e a r , b u t i n F e b r u a r y t h i s y e a r t h e r e were f o u r S a t u r d a y s a s compared w i t h f i v e a y e a r a g o .
@FedFRASER