Executive Order 6553—Announcing the Index Figures for the Cost of Living for the 6 Months' Periods Ending June 30, 1928, and December 31, 1933

By virtue of the authority vested in me by sections 2 and 3, title II, of the act entitled "An act to maintain the credit of the United States Government", approved March 20, 1933 (Public, No. 2, 73d Cong.), I hereby announce:

First. That the index figures of the cost of living are—

(a) 171.0 for the 6 months' period ending June 30, 1928, the base period, and

(b) 135.0 for the 6 months' period ending December 31, 1933;

Second. That the cost of living index for the 6 months' period ending December 31, 1933, is 21.1 per centum lower than the cost of living index for the base period; and

Third. That this per centum being in excess of the maximum per centum prescribed by section 3 (b), the percentage of reduction applicable under section 2 (b), in determining the compensation of officers and employees to be paid during the period from January 1, 1934, to June 30, 1934, inclusive, is 15 per centum.

FRANKLIN D. ROOSEVELT

The White House,
January 9, 1934.