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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

LIBRARY

G.7.U.2

MAR
DM* FILE

•S=ss-

fok

x.lMKDlAii REIEASE

8 1956farch

6

'

1956

MONTHLY DEPARTMENT STORE STOCKS
(Based on r e t a i l d o l l a r
^RESERVE

BANK OF CHICAGO

JANUARY 1956

The value of department s t o r e stocks i n creased f u r t h e r in January a f t e r allowance f o r the
usual seasonal change. The a d j u s t e d index i s e s t i mated at 137 per cent of the 19U7-U9 average, compared with 13It f o r December, Stocks at the end of
January were valued a t a new record l e v e l , 10 per
cent g r e a t e r than a year e a r l i e r .

Federal Reserve
1
District

Index Numbers
(average end-of-month stocks 191*7-U9=100)
Seasonally a d j u s t e d
Unadjusted
1956
1955
1955
19561
Jan.
Jan* | Dec.
Jan.
J a n . I Dec.

Percentage change
January 1956 from
iV-l U - L i Uli.

ago

Year
ago

Boston
New York
Philadelphia
Cleveland

pl2lt
122
131
123

126
121
131
12 U

118
rill*
118
Hi;

P113
108
111*
110

117
110
rll6
110

107
rl02
103
101

-

3
2
1
1

+ 5
+ 6
+11
+ 8

Richmond
Atlanta
Chicago
S t . Louis

pl60
Pl58
131
Pl37

157
156
127
133

rlUl
ll*6
rll9
121

Pl43
pll*5
118
P119

131
137
115
120

rl26
13 U
rl07
105

+
+
+
-

9
6
3
1

+1U
+ 8
+10
+13

Minneapolis
Kansas City
Dallas
San Francisco

133
1U8
Pl60
plU8

rl32
rlU3
158
HA

116
rl30
rl37
rl32

123
133
P1U2
P131

rll8
rl29
11+2
118

107
rll7
rI22
rll7

+ 1
*
+ 3
0
+11

+il*
+11*
+17
+12

pl37

13k

rl2U

p l 22

119

rill

+ 3

+10

United S t a t e s

p—Preliminary.
r—Revised.
Note:—Indexes are based on value of stocks at end of month. For d e s c r i p t i o n and
monthly indexes f o r the period January 1919 to October 1951 see Federal Reserve
B u l l e t i n f o r December 1951, pp. Ili63-l5l5« 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 t h e B u l l e t i n . Percentage changes
are based on unadjusted indexes.