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B A D OF uGVJM;O:£ OF ME FEDERAL RESERVE SYSTEM OR FOR IMMEDIATE RELEASE July 2, 1957 0*7.1*2 # 5 M N H Y DEPARTMENT STORE STOCKS OTL piased on r e t a i l Tollar~amo'ants) K May 1957 L / f y Af)y JUL '9.$; The r e t a i l value of department store stocks i ightly lower in May a f t e r allowance f o r the usual seasonal change. The adjusted index i s estimated a t lUO per cent of the 19U7-U9 average, compared with lltl f o r April and 13U f o r May a year ago* Federal Reserve District Index numbers (Average end-of-month stocks 19h7-U9=100) Unadjusted Seasonally adjusted 1956 1957 1957 (1956 May] April 1 May May April May Percentage change May 1957 from Month Year ago ago ^Boston New York Philadelphia Cleveland 128 131 135 125 rl27 131 135 127 128 123 129 121 132 136 mo 130 rl32 138 133 Ihk 132 rl28 13U 126 Richmond Atlanta Chicago Sto Louis 167 168 137 138 168 173 136 136 156 160 130 135 177 169 138 138 180 180 139 143 165 161 131 135 —6 — 1 - 3 + + + + 13 ii plU3 Pl58 P1U2 136 1UU 157 11*6 126 136 1U3 p!2h 154 Pi59 rl37 Pl53 1U2 128 11*5 155 ll*S - i* -17 - h 0 t 6 -15 + 3 + 3 plitO lUl 134 piWi 11*7 - 2 +k Minneapolis Kansas City Dallas San Francisco United States 1h9 165 152 rl38 - 1 1 3 2 - 2 0 + 7 + 5 +3 7 5 5 2 Note*—Indexes are based on value of stocks a t end of month« For description, and monthly indexes f o r the period Januaiy 1919 to October 1951 see Federal Reserve Bulletin f o r December 1951, pp. 1U63-1515j Indexes for the most recent thirteen-month period are shown regularly in the Bulletin, Percentage changes are based on unadjusted indexes*