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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 0,7.4.2 FOR IMMEDIATE RELEASE May 11, 1959^# gKtk rut . MONTHLY DEPARTMENT STORE STOCKS (Based on retail dollar amounts) „ "Y »**1959 Department store stocks declined further and the seasonally adjusted index for the month is at 148 per cent of the 1947-49 average, 1 per cent 150 index of February but 4 per cent above the 143 March 1958. Federal Reserve k f District in March estimated below the level of Index numbers (Average end-of-month stocks 1947-49=100) Unadjusted Seasonally adjusted 1958 1959 1958 1959 Mar. Mar. Mar. 1 Feb. Feb. Mar, Percentage change Mar. 1959 rrom Month Year ago ago Boston New York Philadelphia Cleveland P136 137 153 127 139 138 153 127 129 133 149 126 pl38 141 158 131 131 130 147 122 131 137 153 130 - 3 - 1 0 0 + + + + 5 3 3 1 Richmond Atlanta Chicago St. Louis 171 pl92 138 138 172 198 141 138 rl64 193 131 140 182 P 201 139 143 166 196 133 134 rl74 202 132 146 - 1 - 3 - 2 0 + + - 4 1 5 2 Minneapolis Kansas City Dallas San Francisco 139 Pl50 pl68 pl62 142 155 168 161 132 rl47 rl6l rl50 143 pi 56 pl7 7 pl64 136 148 163 151 136 153 rl69 rl51 - 2 - 3 0 + 1 + + + + 5 2 5 8 pl48 150 rl43 pl52 143 147 - 1 + 4 United States Note: Indexes are based on value of stocks at end of month. For description and monthly indexes for the period January 194? to October 1957 see Federal Reserve Bulletin for December 1957, pp. 1323-1352. Indexes prior to 1947 may be obtained from the Division of Research and Statistics. Indexes for the most recent thirteen-month period are shown regularly in the Bulletin.
