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B A D OF GOVERNORS OF THE FEDERAL RESERVE SYS$\
OR
G.7.U.2

RELEASE
.FOR
' W 3, 195U*
M N H Y DEPARTMENT STORE STOCKS f
OTL
'
/££
{Based on r e t a i l dollar a m o u n t a ^ ^ ^ .
^
w
Oa/^6/,,
M R H 195 k
AC
°^Qo

%

a

Value of department store stocks increased
s l i g h t l y in March, a f t e r allowance f o r the usual
seasonal change. The adjusted index for the month
i s estimated at 121 per cent of the 1947-49 average
compared with 119 f o r February and 122 f o r March a
year ago.
Federal Reserve
district
k

f

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas
Dallas
San Francisco

Index numbers
(average end-of-month stocks 1947-49=100)
Unadjusted
Seasonally adjusted
1954
1954
I 1953
I 1953
Mar.
Feb.
Mar.
Hat*. Feb. | Mar.
1
112
118
116
120 106 118
111
112
116 104 117
107
111 r l l 3
112
119 111 120
112
113
119 111 119
113
136
141
121
120

132
141
117
127

rl40
145
118
122

142
147
126
123

111
pl30
pl26
124

110
128
130
121

111
129
133
133

115
P133
P135
125

Percentage change
.March 19SU from
TV/IV-vy*!
rion -f- "U
wl
ago

+13
+12
+ 7
+ 7

113

115
133
142
134

+1
0
- 1
0

+12
+6
+11
+15

127 rl46
139 151
114 122
108 125
106
125
127

lear
ago

+
-

+ 8
1
I +6
| + 6
! +10

|

3
2
3
2

0
0
- 5
- 7

!

United States

pl21

119

122

pl26 114 127
+10
- 1
p Preliminary.
r—Revised.
Note:--Indexes and percentage changes are based on stocks a t end of month. For
description and monthly indexes f o r the period January 1919 to October 1951
see Federal Reserve Bulletin for December 1951, pp. 1463-1515. Indexes for
the most recent thirteen-month period are shown regularly in the Bulletin.
Per cent changes are based on unadjusted indexes.
~