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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SISTEM FOR IMMEDIATE RELEASE M a *'6ytif8, MONTHLY DEPARTMENT STORE STOCKS ^ Teased on r e t a i l d o l l a r ""amounts) " -t 0 u tiiXAL S k R v RESERVE B M * JANUARY 1958 c£ £ OF " °F CHICAgo Department s t o r e s t o c k s d e c l i n e d f u r t h e r i n January a f t e r allowance f o r t h e u s u a l s e a s o n a l change. The a d j u s t e d index i s e s t i m a t e d a t 1U7 p e r cent of t h e 19li7-U9 a v e r a g e , compared w i t h t h e October 1957 peak of l55» The d o l l a r value of s t o c k s a t t h e end of January was 3 p e r cent below t h e year ago l e v e l . F e d e r a l Reserve District index numbers (Average end-of-month s t o c k s 19h7-li9 = 100) Seasonally adjusted Unadjusted 195o | 19b 0 T 1957 1957 J a n . | Dec. | Jan. "Jan. | Dec. Jan. ^oston New York Philadelphia Cleveland 131 137 15U P133 136 138 rl5u 13U mo 138 11+9 138 119 122 135 P117 127 127 rl39 122 126 123 131 121 Richmond Atlanta Chicago S t . Louis P167 p201 135 Pllt3 171 207 1I4O liii rl78 202 139 1k9 Pi50 Pl83 123 Pl27 156 130 12k 127 rl59 183 127 133 Minneapolis Kansas C i t y Dallas San F r a n c i s c o 138 P152 P169 Pl5l 143 158 169 152 Ihh rl62 rl73 153 127 P137 plU9 P 136 rl3 2 1UU 157 139 133 rll+6 rl52 rl38 P1U7 150 rl5l P132 135 135 United S t a t e s Percentage change J a n . 1958 from Month Year ago ago 6 h 2 h + - h 2 1 0 - 6 0 - 3 - It — h 5 5 3 - h — 6 - 2 - 2 - 3 - 3 - + - - 5 1 3 3 p—Prel iiiiinary. r—Revised. Note;—Indexes a r e based on value of s t o c k s a t end of month. For d e s c r i p t i o n and monthly indexes f o r t h e p e r i o d January 19 U7 t o October 1957 see F e d e r a l Reserve B u l l e t i n f o r December 1957, pp. 1323-1352. Indexes p r i o r t o 19lt7 may be obt a i n e d from t h e D i v i s i o n of Research and S t a t i s t i c s . Indexes f o r t h e most r e c e n t t h i r t e e n - m o n t h p e r i o d a r e 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 a r e based on u n a d j u s t e d i n d e x e s . ~~
@FedFRASER