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As It Happened: Economic Data and Publications as Snapshots in Time Robert Rasche Katrina Stierholz Robert Suriano Julie Knoll First colu mn Last colu mn First observation 11-Jan-66 24-Sep-04 Jan-48 Exports of Goods and Services Constant Jan-66 24-Sep-04 Mar-47 Exports of Goods and Services Current Jan-66 1-May-04 Mar-46 Government Purchases of Goods and Services, Constant Jan-66 1-Mar-04 Mar-47 Government Purchases of Goods and Services, Current Jan-66 1-Mar-04 Mar-46 Gross Domestic Product, Constant Prices Jan-66 1-Mar-04 Mar-47 Gross Domestic Product, Current Prices Jan-66 1-Mar-04 Mar-46 Gross Private Domestic Investment, Constant Jan-66 1-May-04 Mar-47 Gross Private Domestic Investment, Current Jan-66 1-May-04 Mar-46 Imports of Goods and Services, Constant Jan-66 1-Jun-04 Mar-47 Imports of Goods and Services, Current Jan-66 1-Jun-04 Mar-46 Industrial Production May-27 1-Jan-04 Jan-19 Output per Man Hour, Business Sector Jun-68 1-Jun-04 Mar-47 Output per Man Hour, Nonfarm Business Sector Jun-68 1-Jun-04 Mar-47 17-Jan-66 24-Sep-04 Jan-39 PCE, Constant Jan-66 1-Aug-99 Mar-47 PCE, Current Jan-66 1-Aug-99 Mar-46 19-Jan-66 1-May-04 Jan-46 Monthly Personal Income, Real Nov-76 Sep-04 Jan-48 Monthly Disposable Personal Income, Constant Jan-79 Sep-04 Jan-48 Monthly Disposable Personal Income Jan-79 Sep-04 Jan-48 17-Jan-66 1-Aug-99 Jan-47 Unit Labor Costs, Private Business Sector Jun-68 2-Jul-04 Mar-47 Real Manufacturing and Trade Sales Nov-76 Sep-04 Jan-48 Series Name Civilian Employment Payroll Employment Monthly Personal Income, Nominal Retail Sales, Nominal Federal Reserve System Board of Governors Federal Reserve Banks 12 different banks Why St. Louis? Homer Jones Monetarists/Keynesians Federal Reserve Bank of St. Louis Review Empirical data Data publications produced Triangles of US Economic Data (monthly, Jan 1966-May 1967) Triangles of US Economic Data: Quarterly Supplement (Jan 1966-May 1967) USFD (weekly, January 1966- ) Monetary Trends (monthly, June 1967- ) National Economic Trends (monthly, August 1967 - ) Electronic Data, and other problems FRED Library issues Archived data Economic Data at STLFRB Data publications FRED FRASER Development & process Where we are Future projects Data Publications Economic Publications Regional Economist, Review Statistical Reports Monetary Trends, National Economic Trends, International Economic Trends, US Financial Data Federal Reserve System Reports Beige Book, Industrial Production & Capacity Utilization, Minutes of the FOMC http://research.stlouisfed.org/publications/ FRED Over 3,000 economic time-series Data from Department of Labor, Department of Census, Board of Governors of the Federal Reserve, Office of Management and Budget Data accessible in flat text (ASCII), spreadsheet (MS Excel) Data graphically displayed online Email notification when updated http://research.stlouisfed.org/fred2/ FRASER Electronic archive of historic economic statistical publications All Bank Statistics, Annual Statistical Digest, Banking and Monetary Statistics, Economic Indicators, Productivity and Costs Future additions include Business Conditions Digest and the Economic Report of the President Extension of data series available on FRED http://fraser.stlouisfed.org/ FRASER workflow Publication Scanner TIFF files File cleaning OCR Original TIFF files Archive PDF files http://fraser.stlouisfed.org Image Preparation (File Cleaning) Removal of non-published marks and imperfections Imaging imperfections Misalignment Handwritten notations and highlighting Library stamps FRASER Production Status Total pages scanned: 72,923 Total pages cleaned: 45,807 Total hours: 563* Cost per completed (scanned & cleaned) page: $0.08* * June – October 2004 Future Projects Metadata Increase the usefulness of FRASER ALFRED Archival library of real-time economic and financial data Union Catalog Information and direct links to economic resources Scanning and Preparation Tools Kodak i260 document scanner Kodak Capture Software ScanSoft PaperPort ABBYY FineReader OCR Considerations • Quality of original • Printed text size • Scanning resolution vs. file size Business Statistics, 100% Business Statistics, 400% • Accuracy • Protect users from using erroneous data PDF Security Password security Restricted documents Opening Editing Printing Disable copying of text, images, and other content Enable text access for screen reader devices Website Software Red Hat Linux Apache PostgreSQL PHP PDFLib+PDI PostgreSQL Chosen over MySQL Advanced features Transactions Foreign key relationships Other (Subqueries, Views, Stored Procedures) PDFLib+PDI Extension to PHP Dynamic PDF generation Modify existing PDFs Used for single page downloads and grouped page files Back-Up Procedures CVS (Concurrent Versions System) Database Dump Files Tape backups Contingency servers Hard drive failover Original file archive Data Entry – Administration Web Forms Technical Information Websites Kodak Document Scanner: http://www.kodak.com/US/en/dpq/site/TKX/name/DocumentScanners_product Kodak Capture Software http://www.kodak.com/US/en/dpq/site/TKX/name/CaptureSoftware_Product Fujitsu Scanners: http://www.fujitsu.ca/products/imaging/ ScanSoft PaperPort: http://www.scansoft.com/paperport/ ABBYY FineReader: http://www.abbyy.com/finereader/ Red Hat Linux: http://www.redhat.com Apache: http://httpd.apache.org PostgreSQL: http://www.postgresql.org PHP: http://www.php.net PDFLib+PDI: http://www.pdflib.com For more information http://fraser.stlouisfed.org