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BoikD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM October 8, 1937 R&S rtp - 154 papers Menday^ October 11 DEPARTMENT STORE SALES IN SEPTEMBER 1937 Preliminary report Department store sales increased, in September by more than the usual seasonal amount, and the Board's adjusted index was slightly higher than in other recent months. The index for the last three months and for September 1936 is shown below: Index of department store sales 1923-1925 average = 100 Adjusted for seasonal variation Without seasonal adjustment Sept. 95 100 1937 Aug. July 1936 Sept 92 72 94 65 88 94 Total sales in September were 6 percent larger than in September 1936 and in the first nine months of this year sales were 9 percent larger than in the corresponding period of last year. REPORT BY FEDERAL RESERVE DISTRICTS Percentage change from a year ago Number of stores report- Number of cities included September* Sine months +6 +9 509 249 Boston New York Philadelphia Cleveland 0 +6 +6 +13 +4 +7 +6 +16 54 51 29 29 32 27 13 9 Richmond Atlanta Chicago St. Louie +10 +11 +10 +9 +6 +9 +12 +11 49 26 58 54 23 18 31 17 Minneapolis Kansas City Dallas San Francises +7 +8 +13 0 +6 +6 +11 +7 *6 86 18 97 IT 6 32 Total Federal Reserve districts: n * September figures preliminary; in most cities the month had the same number of business days this year and last year.
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