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Ai BOARD OF GOVERNORS OF THE FEDERAL A'Oj/ G.7,li.2 FOR IMMEDIATE RELEASE * 1954 November 3, 1954 MONTHLY DEPARTMENT S T ^ W 1 9 ) 6 # % ^ (Based on r e t a i l dollar amounts SEPTEMBER 19$k Department store stocks a t the end of September were unchanged from the l e v e l of the two preceding months a f t e r allowance f o r the usual seasonal change. The adjusted index i s estimated a t 12k per cent of the 19U7-U9 average, compared with 128 f o r September 1953 and an average l e v e l of 122 f o r the f i r s t nine months of 1954. i Federal Reserve District Percentagei change Index numbers = (average end-of-month stocks 1947-49 100) September .1954 from Unadjusted Seasonally adjusted Year Month 1953 1954 1953 1954 ago ago Sept. Sept. Sept, I Aug. Sept. Aug. + 6 + 8 +11 + 8 + - rl45 152 129 138 + + + - 5 8 6 7 +1 - 3 - 2 -20 114 130 129 122 123 144 rlU8 137 + + + + 9 6 8 8 0 - 4 - 6 - 3 120 rl33 + 7 - 4 118 115 117 115 119 115 115 116 117 rll8 122 121 121 120 121 121 rllb 111 rllO 112 120 123 127 127 Richmond Atlanta Chicago S t . Louis 111 pl43 12h lOh 139 136 124 116 rlliO 1U8 127 129 146 piU? 126 111 139 136 118 119 Minneapolis Kansas City Dallas San Francisco 122 pl35 pl3U 128 119 137 132 129 122 141 rli|2 132 12JU P138 pl39 132 pl24 12U 128 pl28 Boston New York Philadelphia Cleveland United States p—Preliminary. r—Revised. Note:—Indexes and percentage changes are based on value of 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 f o r December 1951, pp. 14631515. Indexes f o r the most recent thirteen-month period are shown regularly i n the Bulletin.. Per cent changes are based on unadjusted indexes. 1 3 it 5
@FedFRASER