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BOARD OF GOVERNORS OF THb FEDERAL RESERVE SYSTEM
G>7<^;2

FOR IMMEDIATE RELEASE
February b
•
MONTHLY DEPARTMENT STORE STOCKS
(Based on r e t a i l d o l l a r amounts)
K Vtt

0^ !

fr^
,

^
6*

,

O D4KX

V v u ^ d S a s o n a l l y adjusted department s t o r e s t o c k s d e c l i n e d <*0
in^Secember, and a t t h e end of the year stocks were one per
cent lower than a year e a r l i e r . The adjusted index i s estimated
a t 150 per cent of the 19k7 average compared with 15U f o r
November and l 5 l f o r December a year ago.

F e d e r a l Reserve
District

# Boston

New York
Philadelphia
Cleveland

=
(Averagi end-of-month s t o c k s 19U7-U9 100)
Unadjusted
Seasonally adjusted
1956
1957
1956
1957
Dec.
Nov.
Dec.
Nov.
Dec.
Dec.

Percentage
change Dec.
1957 from
Month Year
ago
ago

P136
138
153
134

137
138
rl58
138

lfcL
139
151
13 it

P127
127
138
122

161
159
rl82
156

131
128
136
123

-21
-20
-2U
-22

+
-

P171

181
19U
rlUl
1U8

Pl56
pl82
pl2U
127

198
233
161
169

165
169
rl2U

-21
-22
-23
-25

- 6
+ 8
0
- 5

3
1
2
1

Richmond
Atlanta
Chicago
S t . Louis

plUO
I4I

175
206
141
151

Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

143
Pl59
Pl7l
152

150
165
179
162

iuk

162
rl71
155

133
piU5
pi59
P139

170
183
197
182

13h

1U7
rl59
1U2

-22
-21
-19
—2lt

- l
- 2
0
- 2

Pi50

15 It

151

P136

17 h

137

-22

- 1

United S t a t e s

13k

p—Preliminary!
r—Revised.
Notes—Indexes a r e based on v a l u e of s t o c k s a t end of month. F o r d e s c r i p t i o n and
monthly indexes f o r t h e p e r i o d January 19U7 t o October 1957 see F e d e r a l Reserve
B u l l e t i n f o r December 1957, p p . 1323-1352. Indexes p r i o r t o 19^7 may be obt a i n e d from t h e D i v i s i o n of Research and S t a t i s t i c s . Indexes f o r t h e most
r e c e n t t h i r t e e n - m o n t h p e r i o d a r e shown r e g u l a r l y i n t h e B u l l e t i n . P e r c e n t a g e
changes a r e based on u n a d j u s t e d i n d e x e s .