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Current Economic Policy
by

Darryl R. Francis, President
Federal Reserve Bank of St. Louis

Rotary Club
Newport, Ark.

September 15,1967

Interest Rates

Sources: Board of Governors of the Federal Reserve System and Moody’s Investors Service

Latest data plotted: September, based on 8 days




Prepared by Federal Reserve Bank of St. Louis

B-ll

*

Loans at All Commercial Banks

Percentages are annual rates of change between periods indicated. They are presented to aid in
comparing most recent developments with past "trends”, and may not be relevant for other purposes.
*Estimated by Federal Reserve Bank of St. Louis

Data are averages for end of current and preceding month.
Latest data plotted: August estimated




Prepared byFederalReserveBank ofSt.Louis

B-10

Bank Credit

Data are averages for end of current and preceding month.
Percentages are annual rates of change between periods indicated. They are presented to aid in
comparing most recent developments with past "trends”, and may not be relevant for other purposes.
Latest data plotted: August estimated
Prepared by Federal Reserve Bank of St. Louis




B-7

Money Stock

Percentages are annual rates of change between periods indicated.They are presented to aid in
comparing most recent developments with past "trends”, and may notbe relevantforother purposes.
Latestdata plotted: August preliminary




Prepared by Federal Reserve Bank of St. Louis

b-6

Influence of Federal Budget Policy*
Stimulus or Restraint

Source: Federal Reserve Bank of St. Louis
*The High-Employment Budget, first published by the Council of Economic Advisers.
Latest data plotted: 3rd and 4th quarters 1967 estimated




Prepared by Federal Reserve Bank of St. Louis

B-5

Industrial Production
Ratio Scale

Ratio Scale

Percentages are annual rates of change between periods indicated. They are presented to aid in
comparing most recent developments with past"trends”,and may not be relevant for other purposes.
Latest data plotted: July preliminary;4th quarter 1967 estimated




Prepared by Federal Reserve Bank of St. Louis

hz-Zy^A^v-^- -}(/^Ignj^.^ ft-J' $>h,

General Price Index*
Ratio Scale
(1958 = 100)

Ratio Scale
(1958=100)

* As used in National Income Accounts
Source: U.S. Department of Commerce
Percentages are annual rates of change between periods indicated. They are presented
to aid in comparing most recent developments with past''trends", and may notbe
relevantforother purposes.
Latest data plotted: 3rd and 4th quarters 1967 estimated




Prepared by Federal Reserve Bank ofSt.Louis

B-2

Final Sales
Total Spending Less Changes in Business Inventories
Ratio Scale

QuarterlyTotalsatAnnualRates

Ratio Scale

Source: U.S. Departmentof Commerce
Percentages are annual rates of change between periods indicated. They are presented to aid in
comparing most recent developments with past "trends”, and may not be relevant for other purposes.
Latestdata plotted: 3rd and 4th quarters 1967 estimated




Prepared by Federal Reserve Bank of St. Louis