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BOAMD OF vOvMiNOtib OF ThE FEDEmL b&LcMb SYSlhM

FEDERAL RESERVE BANK
OF CHICAGO

FOh IMMEDIAl
October 3 J-

v\jft

DEr'Anl,.l.cM SIOFTE SiOCKS
I >356
(Based on retail dollar amounts)
, lod,
f-tlJtKAL
- Wt
August 1956
BANK OF ChiC^GO
Seasonally adjusted department store stocks reached
a neiv high level at the end of August. The adjusted index is
estimated at lUl per cent of the 19k7~h9 average, compared
with 138 for July and 129 for August a year ago.
H ONTHLY

6

Federal Rserve
District
Boston
New York
Philadelphia
Cleveland

Index Numbers
Percentage
(average end-of-month stocks 19U7-U9=100) change August
Seasonally adjusted
Unadjusted
19S6 from
6
195
M onth Year
1955,
1956
1955
Aug.
July Aug. Aug.
July
Aug.
ago
ago
132
127
136
127

rl32
127
132
125

Richmond
Atlanta
Chicago
St. Louis

pl6U
pl66
133
136

Minneapolis
Kansas CityDallas
San Francisco

129
P1U9
pl60

United States

128

118
114
117
111

159
161
132
139

rlitb pl67 , 155
15 U P163
151
rl2U
129
12U
126
136
128

rlii9
150
rl21
126

+ 8
+ 8
+ U
+ 6

+12
+ 8
+ 7
+ 8

127

123
125
rl35 P1U8
rl h9 P158
rl 39 plUti

12U
138
1U9
1U2

120
13 U
rlU7
rl3U

+ 1
+ 7
+ 6

h

+ 5
+10
+ 7
+11

130

rl27

+ 6

+ 9

ihh

P15U

157
1U3

piUl

138

122
117
122
118

129

118 .
12h, • rll6 :
.
131
119
123
115

P138

+ 8
+ 8
+ 7
+ 8
+10
+11
+ 7 ' + 8

p—Preliminary.
r—rtevised.
Notes—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. 1U63-1515. Indexes for the most
recent thirteen-month period are shown regularly in tne Bulletin. Percentage
changes are based on unadjusted indexes.