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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.7.11,2 FOR IMMEDIATE RELEASE February 5, 1959. , . c\Lt oV MONTHLY DEPARTMENT STORE STOCKS "[Based on r e t a i l d o l l a r 'amounts) / X<7/s " K i 9 5 8 % Department s t o r e stocks decreased in Decemb&O^r$6^ the November l e v e l , the f i r s t month-to-month reduction nox&fc ^ since l a s t March. The seasonally a d j u s t e d index f o r December 5 ^ i s estimated a t 150 per cent of t h e 1947-49 average, t h r e e p o i n t s below t h e November index but unchanged from December 1957• Federal Reserve District Index numbers (Average end-of-month stocks 1947-49-100) Unadjusted Seasonally a d j u s t e d 1958 1957 - 1958 " Dec. Dec # wov. Dec. Dec. 1 Nov. mr Percentage " change Dec. 1958 from"" Month x6 3.T ago ago Boston New York Philadelphia Cleveland P139 111 158 pl28 Ik2 lltO rl59 130 136 138 154 13 4 P129 130 142 P117 166 161 rl83 147 rl26 rl28 139 122 2 + 1 - 1 1 + + + - Richmond Atlanta Chicago S t . Louis pl74 p206 plU2 pl34 180 20? 11*3 137 rl7U 207 lUo 141 Pl59 Pl79 P125 Pl21 205 234 163 153 rl57 180 124 127 - 4 0 - l — 2 0 - i + i - 5 Minneapolis Kansas City Dallas San Francisco lUl Pl60 pl67 Pl57 140 165 172 160 143 158 • rl68 rl53 131 pi45 pi55 pi43 159 184 190 180 132 144 157 rl40 + 1 - 3 - 3 2 + + Pl50 153 150 P136 173 rl36 - 2 United S t a t e s — — 2 2 3 4 l l l 2 0 Note:—Indexes 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 t h e p e r i o d January 1947 to October 1957 see Federal Reserve B u l l e t i n f o r December 1957, pp. 1323-1352. Indexes p r i o r t o 1947 may be obtained "frcm t h e Division of Research and S t a t i s t i c s . Indexes f o r t h e most recent thirteen-month period are shown r e g u l a r l y i n the B u l l e t i n .
