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G*7«U.2

BOARD OF GOVERNORS OF THE FEDERAL

YSTEM,
^ x j
W " u a r y 3j 195U
y
DEPARTMENT STORE STOCKS IN DECEMB#V%.
(Based on r e t a i l value f i g u r e s )

Department s t o r e stocks a t the end of
December declined from the November l e v e l a f t e r
allowance f o r the usual seasonal change. The
s e a s o n a l l y a d j u s t e d index f o r December i s e s t i mated a t 123 per cent of t h e 19^7-^9 average,
compared with 12? f o r the previous month and
120 f o r December 1952.
Indexes (19^7-1*9 = 100)
Federal Reserve
District

Percentage
change from
Month Year
ago
ago

Seasonally a d j u s t e d
1953
1952
Nov.
Dec.
Dec.

Unadjusted
1953
1952
Dec.
Nov.
Dec.

Boston
New York
Philadelphia
Cleveland

pll2
113
118
Pii5

115
115
120
121

Ill
113
lili
112

pl05
10U
10U
plOl

13 h
132
137
136

iok
rlOlj.
100
98

-22
-21
-2U
-25

+ 1
0
+ 3
+ 3

Richmond
Atlanta
Chicago
S t . Louis

pl32
plU2
122
pll8

lliU
1U9
12 U
121

rl29
Ikk
116
119

pii5
P125
111
plOit

151
165
1U3
132

rll3
127
106
10U

-2h
-2k
-22
-21

+ 2
- 2
+ 5
0

Minneapolis
Kansas City
Dallas
San Francisco

111
pl3U
P13U
129

115
137
136
133

109.
12li
132
131

101
pll8
pl22
108

128
152
151
1UU

99
109
120
109

-21
-22
-20
-25

+
+
+
-

P123

127

120

pl09

lh2

107

-23

+ 2

United S t a t e s

3
8
1
1

Note:—Indexes and percentage changes are based on value of stocks a t end of
month, For d e s c r i p t i o n and monthly indexes f o r the p e r i o d January 1919
to October 1951 see Federal Reserve B u l l e t i n f o r December 19$1, pp. IJ4.63I 5 l 5 . Indexes f o r t h e most r e c e n t thirteen-month, period are shown
r e g u l a r l y i n t h e B u l l e t i n . Per cent changes are based on unadjusted
indexes.