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board of governors of the federal reserve system V ^ 0? 7<uC.f&° VlA 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. 7 it 1 5