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t\^,.y#X#OARD OF GOVERNORS OF THE FEDERAL RESERVE" v ^ '/ 5FOBq5MMEDlATE RELEASE " " Q MONTHLY DEPARTMENT STORE STOCKS ° (Based on retail dollar amounts) MAY 1955 The level of department store stocks at the end of May was slightly higher than a month earlier after allowance for the usual seasonal change. The adjusted index is estimated at 12lt per cent of the 19U7-U9 average, compared with 123 for April and 121 for May last year. The seasonally adjusted stocks index has averaged 123 in the first five months of 1955• Federal Reserve District Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco United States Index numbers (average end-of-month stocks 19h7-U9*100) Unadjusted Seasonally acljusted 1954 1955 1954 1955 May Apr. May May May Apr. Percentage change May 1955 from Month agp - 2 3 1 i t Year ago + + - 1 3 3 3 pl22 110 119 pllU 121 111 rll5 IU4 120 rllU 116 117 pl23 113 123 pll6 125 117 rl24 120 121 rll7 rl20 119 138 1U7 123 121 1U2 1U5 120 125 137 137 122 118 11*6 Ht9 125 127 153 153 125 13U 146 138 124 123 - 5 - 3 0 - 5 0 + 8 + 1 + 3 pll6 pl37 124 113 rl38 136 12U 111 128 rl29 119 pll8 148 pl38 135 118 148 144 133 113 136 rl3l 129 0 0 - 4 + 2 + + + + pl2lt 123 121 pl28 130 126 - 2 + 2 iho 5 9 6 5 p—Preliminary, r—Revised, Note:—Indexes and percentage changes 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. lu°31515. Indexes for the most recent thirteen-month period are shown regularly in the Bulletin, Percentage changes are based on unadjusted indexes. "