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6,1&
RO X'V
r-. =*«*

OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

Se-„ ..-•: '»>"'

September 10, 1935
R&S r t p - 129

For release in evening papers
Thursday, September 12
DEPARTMENT STORE SAXES IN AUGUST 1935
Preliminary report

Department s t o r e sales increased from July to August by s l i g h t l y l e s s than
the usual seasonal amount. Consequently the Board's index, which makes allowance f o r d i f f e r e n c e s i n the number of working days and f o r usual seasonal movements, declined from a level of 80 percent of the 1923-1925 average i n June and
July to 79 percent i n August.
Aggregate dollar volume of sales in August was l a r g e r than a year ago by
4 percent. Sales f o r the f i r s t e i # t montfcs of the year also showed an increase
of 4 percent, with l a r g e r volumes reported i n a l l d i s t r i c t s except the Boston,
New York, and Philadelphia d i s t r i c t s .
REPORTS BY FEDERAL RESERVE DISTRICTS
Percentage change
from a year ago
January 1
to
August*
August 31*

Number
of
stores
reporting

Number
of
cities
included

+ 4

+ 4

507

240

Boston
New York
Philadelphia
Cleveland

- 4
— 1
0
+ 2

- 2
- 1
0
+ 2

51
51
31
32

28
26
13
12

Richmond
Atlanta
Chicago
St. Louis

+ 7
+11
+ 7
+ 1

+
+
+
+

6
5
7
1

59
35
53
37

27
21
26
20

Minneapolis
Kansas City
Dallas
San Francisco

+10
+10
+ 8
+ 8

+ 6
+ 6
+ 6
+10

37
17
21
83

17
13
10
27

Total
Federal Reserve d i s t r i c t s :

Gy

#

* August f i g u r e s preliminary; i n most c i t i e s the month had the same number of
business days t h i s year and l a s t year, but t h i s August there were f i v e
Saturdays, as compared with four a year ago.




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