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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*