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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 'G.7.4.2 FOR IMMEDIATE RELEASE October 5> 1959. fYf \.c MONTHLY DEPARTMENT STORE STOCKS (Based on retail dollar amounts) » » * „ e ' y „ , Department store stocks increased further i A i _ n< , , ^ jq^ August and the seasonally adjusted index is estimated^/^'^ ~ to have reached a new high at 160 per cent of the 1947-49 average. This is 1 per cent above the 159 index of July and 8 per cent above the 148 recorded in August a year ago. Federal Reserve District ) Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St, Louis Minneapolis Kansas City Dallas San Francisco United States Index numbers Percentage (Average end-of-month stocks 1947-49=100) change Aug. Seasonally adjusted Unadjusted 1959 ifrom 1959 1958 1958 Month Year 1959 Aug. | July Aug. July Aug. Aug. ago ago + + + + 8 8 8 6 147 145 162 136 147 142 rl63 138 137 135 rl50 128 143 142 156 130 132 129 rl47 127 133 132 rl44 123 0 + 2 — 1 2 - 186 159 147 184 212 152 151 rl73 192 144 143 181 p212 152 145 167 197 146 140 rl68 188 138 141 + 1 + 8 + 2 +13 + 4 +10 + 3 - 2 148 pl57 P 182 pl64 143 158 180 170 137 rl53 163 rl54 145 P155 P 182 pl65 136 150 171 .165 134 151 163 rl54 + 4 — 1 + 1 4 - P l60 159 148 pl56 148 144 P 2l6 + 8 + 2 +12 + 7 + 1 + 8 * Based on seasonally adjusted indexes. 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 1947 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.
