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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.7.U.2 iSS 9* FOR IMMEDIATE RELEASE 3ep±eiriber 1, 195 U MONTHLY DEPARTMENT STORE STOCKS (Based on r e t a i l " d o l l a r amounts) S£ P s JULY 19$k The level of department s t o r e s t o c k s Q ^ / t y f t h e end of July was s l i g h t l y higher than a month % e a r l i e r a f t e r allowance for the usual seasonal change. The a d j u s t e d stocks index i s estimated a t 12i|. per cent of the 1947-49 average, compared with 122 a t the end of June and 130 a t the end of J u l y 1953. The adjusted index has averaged 121 during the f i r s t seven months of 195 U« | Federal Reserve " district Percentage change index numbers (average end-of-month stocks 1947-49=100) July 1954 from Unadjusted Seasonally a d j u s t e d Month Yscti1 1953 1954 1953 19i>4 ago ago July duly June July June July 116 117 116 117 117 114 117 115 117 rl20 122 12k 105 104 103 106 110 107 109 109 106 rl06 108 112 Richmond Atlanta Chicago S t . Louis 138 P137 122 129 138 135 122 119 rl46 148 125 131 134 pl28 114 120 132 128 116 119 rl42 137 117 122 Minneapolis Kansas City Dallas San Francisco 111 pl33 pl29 129 112 131 131 122 117 146 rlUl 138 107 pl25 p i 20 125 107 127 121 122 114 137 131 133 pl2U 122 130 pii5 116 121 Boston New York Philadelphia Cleveland United S t a t e s 5 3 5 3 - 1 2 5 6 2 0 - 2 + 1 - 6 7 3 1 + 0 2 0 2 - 6 9 8 6 - 1 - 5 — — + - Note;—Indexes and percentage changes are based on value of stocks a t end of month. For d e s c r i p t i o n and monthly indexes f o r the period January 1919 t o October 1951 see Federal Reserve B u l l e t i n f o r December 1951, pp. 14631515. Indexes f o r the most recent thirteen-month period are shown regul a r l y i n t h e B u l l e t i n . Per cent changes are based on unadjusted indexes.
@FedFRASER