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board of governors of the federal reserve system

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7<uC.f&°

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M N H Y DEPARTMENT STORE ^Oct&f n
OTL
("Based on r e t a i l d o l l a r antffrfcsT ^
JANUARY 1955

^

%

/n

Department s t o r e s t o c k s a t t h e em^pf
January were s l i g h t l y lower than i n recent months
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 estimated a t 123 per cent
of t h e 19U7-U9 average, compared with a l e v e l of
12k f o r the preceding s i x months and 119 f o r
January a year ago.

k

f

Federal Reserve
district

Percentage change
Index numbers
(average end«of-month stocks 19U7-U9=100) January 1955 from
Unadjusted
Seasonally a d j u s t e d
Year
Month
1954
1955 r
1954
1955
J 3.110
< an # Dec.
J
Dec.
Jan.
Jan*

Boston
New York
Philadelphia
Cleveland

pl20
112
119
Pli5

rll8
113
rl21
120

llit
rllO
rll5
115

pl08
100
10U
pio5

rill
103
rl07
105

102
98
rlOO
104

-

3
4
3
1

+ 5
+ 2
+ 4
0

Richmond
Atlanta
Chicago
S t . Louis

P139
piU5
118
127

137
1U3
122
rll7

rl32
1U2
117
117

pl25
P132
108
107

120
126
111
103

rll9
130
108
99

+
+
+

5
5
2
3

+ 6
+ 2
0
+ 8

Minneapolis
Kansas City
Dallas
San Francisco

plllt
133
pl27
129

118
131
133
129

106
rl29
rl25
123

pl08
122
piiu
117

107
116
121
107

100
118
rll3
111

+
+
+

l
6
5
8

+
+
+
+

pl23

124

rll9

pill

110

108

United S t a t e s

+ 1

+ 3

p—Preliminary,
r—Revised.
Note:—Indexes and percentage changes are based on value of stocks a t 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« 1U631515. Indexes f o r the most recent thirteen-month period are shown
r e g u l a r l y in the B u l l e t i n . Percentage changes are based on unadjusted
indexes.




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