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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM FOR IMMEDIATE RELEASE 0.7.U.2 May 1, 1956 MONTHLY DEPARTMENT STORE STOCKS DATA Flit "(Based on retail dollar amounts) MARCH 1956 Seasonally adjusted department store stocks in March declined from the level of the preceding month. The adjusted index i^s at 135 per cent of the 19U7 -U9 average^ with 138 for February. The value of stocks at the end of the month was 9 per cent grkafeil' thalpb a year ago. F E D E R A L . REShRVt (AGO Federal Reserve District Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco United States (average end-of-month stocks 19U7-U9-100) Unadjusted Seasonally adjusted 195T 1956 1 P 5 5 T T955~ Feb. Mar. Mar. Mar. Mar. I Feb. 127 122 131 122 159 pl62 128 132 130 plU8 pl56 plU2 pl35 128 12k 131 12U 119 113 118 113 120 122 126 rl26 119 122 16U 150 1U9 156 rl22 129 125 135 116 116 117 Percentage change March 1956 from Month ago + + + + Year ago 7 7 7 6 + 6 + 8 +10 + 8 9 +11 + 8 + 7 +13 162 Ihh 16b 131 137 rl20 117 130 1U0 162 12U 130 116 127 1U3 153 136 119 rl37 rll+7 rl30 5 1U6 rl33 rlU2 rl30 13 h pl53 pl63 plU2 6 6 5 +12 +12 +10 + 9 138 12U P 139 131 127 + 6 + 9 132 1U8 158 150 pl69 12U h 5 8 p—Preliminary. r—Revised. Note:—Indexes are based on value of stocks at end of month. For description and monthly indexes for the period January 1919 to October 1951 see Federal Reserve Bulletin for December 1951, pp. lU63-l5l5* Indexes for the most recent thirteen-month period are shown regularly in the Bulletin. Percentage changes are based on unadjusted indexes.