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BOARD OF GOVERNORS CF THE FEDERAL RESERVE SYSTEM e G.7.U.2 UA FOR IMMEDIATE RELEASE February 6, ^ g R A R y MONTHLY DEPARTMENT STORE STOCKS (Based on retail dollar amounts J amounts) [vasea T A FlLk F EDERALEfiFQE^mrRAff> OF r m n g 1957 FEDERAL RESERVE December 1956 BANt pjrg BANK OF CHICAGO CHICAGO The retail dollar value of department store inventories showed little change from November to December, after allowance for the usual seasonal change. The adjusted index is estimated at 1^3 per cent of the 19h7-h9 average, compared with 1^2 for November and 135 for December 195$, The" year-end dollar value of stocks was 6 per cent greater than at the end of 1955. Index Numbers (Average end-of-month stocks 19lt7-U9=100) Seasonally adjusted| Unadjusted " "1953" 1955 T 9 W Dec. I Nov, Dec, Dec. , Nov. Dec. Percentage" change Dec* 1956 from Month Year ago ago Boston New York Philadelphia Cleveland pl29 130 132 131 137 rl36 pl30 129 126 121 131 12h pl20 .121 121 pll6 152 150 157 116 117 110 -19 -23 -21 + + + + Richmond Atlanta Chicago St# Louis pl77 rl76 P169 173 pl37 135 pl36 rl37 rl58 156 127 133 plU8 plU8 P123 pl23 rl90 195 157 rl54 rl32 137 115 120 -22 +12 Minneapolis Kansas City Dallas San Francisco 139 plU5 P158 plU6 137 lb7 156 149 132 rlU5 rl6l rlii3 12k P131 P1U2 P123 153 163 17U 164 118 rl31 rlU5 rl20 -25 + 2 pllt3 rlU2 rl35 pl26 161 119 -22 + 6 Federal Reserve District United States 116 110 -21 -2U -21 -20 -18 -20 -18 3 9 5 5 + 8 + 8 + 3 + 5 0 - 2 P—Preliminary, "r^-Revised Notej—Indexes are based on value of stocks at end of month* For description and monthly indexes for the period January 1919 to October 1951 see Federal Reserve Bulletin for December 1951, pp. H63-l5l5. Indexes for the most recent thirteen-month period are shown regularly in the Bulletin, Percentage changes are based on unadjusted indexes. — — —
