Exhibit 23.2


INDEPENDENT AUDITORS' CONSENT


We consent to the incorporation by reference in the second Post-Effective 
Prospectus Supplement to the Prospectus which is part of Amendment No. 1 
to Registration Statement No. 33-59691 of Federated Department Stores, Inc. 
on Form S-3 of our report dated September 19, 1994 (September 28, 29 and 30, 
1994 as to Notes 18, 2 and 20 respectively) on the consolidated financial 
statements of R.H. Macy & Co., Inc. for the three years in the period ended 
July 30, 1994, which expresses an unqualified opinion and includes explanatory 
paragraphs relating to the Company's reorganization proceedings, its ability 
to continue as a going concern and its method of accounting for income taxes 
and postretirement benefits other than pension, appearing in the Annual Report
on Form 10-K of R.H. Macy & Co., Inc. for the year ended July 30, 1994, which
consolidated financial statements are attached as an Exhibit to the Current 
Report on Form 8-K of Federated Department Stores, Inc. dated September 21, 
1995, and to the reference to us under the heading "Experts" in the second 
Post-Effective Prospectus Supplement, which is part of such Registration 
Statement.



/s/ Deloitte & Touche LLP


New York, New York
September 27, 1995