View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

r0./,)cc -


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

yeAR(y cd,t 4q< bdriaNs ;

c

14-ti ae

•

I

(-Ct4,14'

e

/

A° e-rt5


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

T


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

/

_s •

OP"

1


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

(4

k

;

Os.
I

t

,

,

4-)


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

A-,

-7
.
)
-- 1r-

•
t. I

76
vo

/47

3 142
3703

/4)1

3 9a'o

/ly•

.zog

/7Y,
61);‘
/1?)

3/011
r73

rAf3

P$I3

/7?

/7
/;"/

Aso

//Yr

Aioe

I -7;0

/871

/ 6102

3175

/i97
191,
/9Pf
/0"

/1ti

zo-3

313

•-• co/

/YO

n3
Y3 t


f
97e7
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

/677
1 7 .77

879
16747
3
/

/SW
Mr

/7

/013

•?/-6

'1J7
)0 V

kyo
,

ipog

/7r)

RY

ri

177,
g

Yo
194
11-1

/0?
77E

10.1
133-1

4.--,a1.4•

.5n4
g

/63F97
23L.3 1 g
cz('.

37A

L


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

3y s y 1,7

/ P/

')y1- 01

25'.,):j 4) 0 )
.

7':j)

/

- 2.

LL3

_Lc, ,J D.. ,..„._,

17!3 ,,

I

1.1.1 7 I 4 2-.

s- -..

II
I / 7i-7 S•s—
).2/fss",.

4

.,..!_-. 7 .:.,3
i,-, .

.

_

—

:. I ',, r."'r3
•

.; ;


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

pt. ',. .*.2(,/,..-)31

/2- 3S' J ‘/•>- —
2 -5% .",
3,/3c!, .,.

. i4 ;-1- :;: i ..- -, 3....) /
) 6 3-2. i

'•

,_ ,,
1

,
,---

.

L',.., 3

.2_1. .

.)

9j--P) ,a,

E ,(

/2 g i 9,C,2i

,

.

..

•

5.

.

..

•

Z- -.,..,..i

'
ii;.ii '
_, i!

(._ / /,
,

,
.
!.4 J.3,, '.. 'I'.

71 FF. 2 I

/

•
..

77.0c.^-ao
/5- o ,.,, a,

-3:1 1.1---..--15.--._-__ .i ,...3-c
/,(.., 4

/.2 u u
i'S.

Do
•
,

.
.

-

•

.

.
.

..

.
-

..

,

I

0 ,('

L-,-„,

_

•
,

1

'')
i
\•-•1
9-•- '..'
; . _./ f ,,...

,-

(I

et_
(
'' ' '

;.-fZ.Z.-- -:.',

/

r,
,,_ :
-,)-,

1,---,• It.:__
_
.

_

r

.;-“---

,

\

_ ..,-• ,

,,.,,

42......•.,..,
v
.

,
-.
- f -

/i

7/7

• . /. ' / ,

5 ,--',

.:: '-

,
y„..) ,./.- ., )t -

7G.3-- --,Z .

,

7„? ' / .
671 1.2.

1=., / 7., /V ,-'
;r

i ,_i_

-.--' .--:,..:—:__S_

- -i, - '

-t---

.-, 7
-!
.2? e j7 r2-3,

) c i J . S „:' ; —

_

‘ `.; 6 7-2
2‘s'3 7;2_

/ 7 r.'_: 7

- i

:25,919,37

-

_
= 7/

,27 IC

':: ''

7:,-- ,, .
.7,,,, ,
.
•:,' 7
j., 0, .'., i ,L.-.)
.3 4. 3s:,

_

g

2? / S-

1 7,7 r
A.

7/
-

i'l !,- :...

F

..-,

/;os.4

I

. :l

7 ,,'t ,

56 i'..

y

-_,
„

=:, ' : -..:

V: 4--•—

54sYY7-2
_. -•

-2',).) J áC)
u —,
n

I AS-741 /q

-

6

i
4 '.,

.... i.; b- )V
.Y

-

,,

IS

I .,

9"47:'; 7 z .'••• '71 .

-:
c' : ' --

7.2;--' /.7

—

yo-2/ 7

/---)-"' Ri
.2)..: 7 2 2 i

,

-

7 Li iJ."-) .

-'.

,7,

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.. .•

.yI 2-

'.;''.-'y.S . I

C

6 ..(;7 ?.,' 7:: -. 4 0)i d ...
: :

/..J.t,
4;

,, ;_,-,.......: . . - .: - : :_,- f

.: :._: •: ;:_ ..,.::


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

r

_

/

—

,

Pe,....- C.,,,.....k....-t--(..,..

'• , 61'

(I

-)

.
,

•-•,

(
,

1t-4- • - •

S,'
,

'• (
-

ic'5-. H6./75`,5—

/67 'bit (71 .

iii no
,

.-2 .-- •,.. -1 ', k.).3

.J

,

I/O /?.?7 --

.

1 lo-2(itz-,)

ly voi.2—
?xi -1 -i- IV 6i',, ,,i-.

51)7i7f/Yd ..-4.c,..)
, J D,

/74:2 3.5--

_
,
.
1
,i,

.

.

.:

ii, o6 /7.20

-

,51 4./. 72
/2`,,
3XY/-2-/
:pY
/./.1

2 _1

,
-

•
-

/9- /

V ,

_

Cs j

j


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

/
7__

7-

,-(
..:47,?4ti
o_,Ct 12 2/7,

rw3-

3.2,4‘/7S--


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

-

'

.;

/

1
/

d

„

'2/
/ ; 30

,

J

7- ig
?
q- 14-1- /6
(
/0.-- /3--

1(61c,
,

G_;.,—/ -2/
/7-57,0 7

yd. I,
/1 ,

1g -23
/367.0 1'

• 7-.
.0 J

/

t
—

/

/5

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

)

0

_

'


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

..

,
3,

, ,-- i 7

73 •. ...1

,

.4

II

1 71,2 -2/1
is ;L7.2 .

.1-!) eft 0 ,

/i') -22_ -

//

4
,..i.

,,-1- 1 ,i 0 ?'/

5-..)0.:„)

-2. / 52 ,

„

S. )j.

..
5

a

3, ,, / 9 / y

- 2 , -7

/

/ 1 7 ..1 ., -'1

1S ..-) 7

/
'
,i-

/

;) qi‘0

d:y

-:2' • , -• a '.,
/7 1 2 / 9,..
/3.
27.2-

/?

/e. 2 7

i f1.

)
— •
-

1.". t—p

,/ .

7

_ ._

-

2)

It
.

',' 1
'
. I,1 ,. 0,t fri./

1,.-3.,/-, _ .-7-'

'I

--7

..)

76-6

i

:-,

/.2

1..7. --- 0,, -

e 71/45---og 0.

At.------ I A

0
•

.

.

,

-

1

-

.- 4

It

A

I

,

e ,7

.A.'

—...•

•
I
•

I.--..
,

.J
,
I
I
,

,
4

.:

1:


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.j.

(1.,
/
.ii

'
.

K1i .„. .,/1,t.„.., . - -.:.,,

e t,,, ....

..s<4.-e ?.

Y

Z

e," a ;,,: /..
.1'

•

013

,
/
, ,,,

.

—..4.-1

/1

I


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

c
C -^

G
cr

3 7)

nzh,

-t-t
N•• 1? 7Z
E

I t'l

IA I itevz -r- 1,11
FA

rr,17

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

e


https://fraser.stlouisfed.org
a._
Federal Reserve Bank of St. Louis

%

.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

)


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

4m41111111

40'

i)(
1/

7ô I

‘ViTe lq)

767,ro)

3,oy

3/1973.vi2

V./ZYY

PM 69

7'
?

oC

-

I 7,
1
/ y

1 e_- 1 z-, 1.
19j

n

/

•,.

/93777
,1
-2 911r/5i

Li J

d,37 /D4

i

577 4

(-)

1,— .
)II;

'
0-)

7i
5J7

-

J

Ii


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

11111111

rt
11

1 n .1 5
1 5.5 5
7.4
7 A 1.
7.4 3
7.4 3
3.6 0
6 .4 5
1 2.7 1
7 P.1 0 rt


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Ti

9 .5 5
4.6 8
1 1 .9 7
5 2.8 3
1 .7 9
1 7.20
1 9.0 2
2 .8 2
2 1 .5 3
20.2 6
3 4 .7 1
P 1 4 .3 6
1 1 .9 4
1 19 .6 1
5.6 7
1 2.17
1 5.1 8
1 3.23
1 1.3 0
1. 4.04
1 0.1 3
1. 5.5 3
7.4 1_
7.4 1_
7.4 3
7.43
3.60
6.45
1 2.71
71

3 8 7.60 Ti
71

1 .3 6
2.40
2.60
2.32
.7 7
1_ .8 0
1.1 6
1 24
.4 8
1 .0 4
1 .7 6
1 .4 0
1.64
1 .0 8
1 .2 8
1 .7
1.52
2 5.6 1
1.72
1_ .8 3
1. .4 0
i..9 6
1 .5
1.24
Ti

3 5.3 5 rt

2.50
.1 8
5 926
1 6.39
1 7.57
1 8.74
1 .6 7
21..3
.1_ 7
1 .4 0
1 6 4.2 0
1 0 .2
9.78
4.27
1_ 0 21
1 3.59
1 1. .9 9
1 :1 .3 0
1_ 4.04
0.1 7
.r7 ..17 3
7.41.
7.41.
7.43
7.4 7
13.6 0
6.4 5
1 2.71
Ti

3 2 7.7 0 Ti
Ti

3 2 7 .7 n
3 5.3
71

3 6 .3.0 5 Ti

25.61.
1 6420
Ti

P 92 1. rf

3 2 7.6 0
3 6 3.0 5
Ti

2 4 .5 5 Ti
P 1. 4 .3 6
1
T1

2 4 .5 5 Ti

"."

T1

9 .5 5
4.6 8
1 1.97
5 2.2 3
1.79
720
1
1 9.0
2 n .2
2 1 .5 3
2n
34.7
P 14.3 6
1 1 .9 4
1 1. .6 1
5.67
1 2.1 7
1 5.1 8
1 323
1 1 .3 0
1. 4.04
1 01 3
5 .5 3
7.4 1_
7.41
7.43
7.43
3.60
6.45
1. 2.71
3 8 7.60 11
rt

.3 6
2.40
2.60
2.32
.7 7
1 20
1.. .1
1 .2 4
.4 8
1 .0 4
1 .76
1 .4 0
1 .6 4
1 .0 8
1.28
1

1 .7

1 .5
5.6 1
1 .7 2
.P 3
1 .4 0
1. .9
1 .5
1 .2 4
ii

35.3 5 n


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

P .5

.1 0
5 9 .2
1 r 39
1. 7 .5 7
I n .7 4
1 P .6 7
21 .3 9.
P .1. 7
1 .4 0
1 5 4 .2 0

n

2

9 .7 0
4.7

1_ 0 2 1
1 3 .5 9
1 1 .9 9
1. 1.3 0
1 4 .0 A
1 0.1 '3
1 5 •F 3

7.41
7.41.
7.43
7.43
3.60
5
I 2.7 1

Ti
TI
0
.7
7
3P
Ti

P 77n

73 5.3 5
TI

3 6 .3.0 5 Ti

2 5.6 1
1 6 4 .2 0
1 P 9 0 1_

Ti

3 P 7.60
3 6 3.0 5 24.5 5 Ti
1. 4 .3 6
1 P 9 .P 1 Ti

4.55 II


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

;*
0414/1-7
AA--htfirpv..-

-4'
±L±

1/ re

. 7,1

(I 3)

/117

li

1130

9.?
/3

htfi
Ilf9

,5-4,
_

/ Yoy

Yo

1.2y

0 /.3

—

br 1
In.)

....
-

....
—

....
/ili 7


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

SIMMS

7y/
71,/

•••••

MO.

7yI

7 V)

7s,/
74,3

7 Y)

7s.' 3

36 o
Y51 47/

3,10
trmwe

••••


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Ilbs•.—
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

7


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

/ •
,
2

e

--


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

;

rer,'

15- •o

01

v • •A

/


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

/

NJ
,

73f71

-

,
,

.11

/


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

'
72

-

e
J, ZS-

r
•Z‘6

(
1-(

4

G.

h.. 00

66

,8

2

.1

Tc (,
f42)

,

1

I,

-

(00

Kr;


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

9/ of

7x
/-1

?/

21'1
i4 7.7/
,
7


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

/

'•/

r


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

i

/

k

L


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

‘;‘

/

(4-4,,

• ..e) ,

/k•••yu
A.
92,6,, 31-• 0 0
f'I•

3,2.0„10.ou

eoit / y-

a 77
/4./
93 7

1.;s)

,5-u o

/,u. sl..o,
. 2.0 •


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

1'
4r,

;

iO
1

—

4/

704) 00

I

1 Li

1/72,5-0

4,3

4t 1

ii

tj
)7

4170
4,4413'2:i

1/
c

1 75

2111,
1

:31,

iiH

v90(641!

6.2/6
3
rI '•S2 3

(

_

icq 5'7,3v _

:4

t
D


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

/IA 39'
)5d

1

L
,

-,,,,„

1 616 73fo
,
‘1 37,5Thil(!')1 1
i
4 ?._1_`!..•Pia•___

.40,- •

044

32,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

-

•
/


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

,
i-, ,..,... )1-7,-, 7-0„, , , ,. . ,z0_4:..t....... e,,,-.,(, 6,. 4,i ,,2, 174,,...
e. ,-/-'

,?;.}
:
i .

11

J 4,

.5".

3..-,

7
.
_

—I

1

A id
.,

-5,2i-:, fit

.0,)

t\' .ft-

I /,. 0.- 1

'1•1

et,J

1.

I

. -k.,i

I

75' -

,..4--0 ocA

f! o, /4/ 9,
.27,:, s-n
7,f,-,. 0 0
N A- ii,' .0._.
I' 6 .
A t a.,

3 7.
;
- * ..,

VI,C./
k+;(...-!O

A'11

a-

1-

A(

al

2- 1

f,.-,-7.. '))

,'..,'-': -; .1 '

(',1 2••-'
7

)' ', •/:•,,:
,1

4:1;-a. e0

;,', ..

N-4?

Iii 4.,

Y[Y--1
-2/s

3/ —
:
7 g7 ...,-0

,

,

r- If

41..6-!'i...7,/

3-

iii,--:,

sa.

1

..._, ?

vi.c.
,
:•,)..,

'
Al

4

N

A/ 6.4-- 'Ala.

,,••"--0 -5' 6,,11.:4
yr/ 7.c" ,.=.3,,,;, 2C. / g 7

L'; 7/

S.S1'C'

I

"

,9247.C.

f

J.•r_.

7 ',-oJ

7J-Z). 06

;;,..,)

i

..J.
74-v,o,,

4156;40
0

, --)_u

Z. -,-', ,

•

r1sZ . u.;

;,---•:: '

I: 71

,),--e•

7.0 0-0

J.-

1

e1f
e )7

. :!

1
4

141
-, ,

_i-

0

j/
I ''''''

\,),

: .,_.

;I

1

,.. -r--"" ik,

'

-

1
=i, •,-P

)
‘::

..,

, I:,t: ..)
,

-)-,

,-1
..i. ".3 -e•

'
i'
.f 'i

• ',7 ..-_-"n

hi 1_,‘.._,

1-

757- ,

1,4AL...,

)"1.

--)iet-,
,
Li
nt
,
te..4 'elf

P.; ""/''Z' o f

`-yk.e, ..'1 '
11 f'
4‘..e•)4_,

2.;,,,,,

,

74i,'z. ;

//2s ,,,J
.//.2‘.:-

i

1,
i
S

3/6:6
/'P':4.)

-i 1-1,,

)40-

)
-r.
,

37o
,I

32$761.) \ 'i„

5 7.i)).

z. 3•
T
)
4\-6--/
- -:, 7.C4J

,,rA-

Xi—

Ar
'
, i ••=1

,•,, : s

fr .„.......

7S7,1)
37--76

I .4. 19/'!Ci

Sii..
1

i
fq174'

V
tt:

1,0

,

4

It

-t*

t
t

4

C

e

S

t

I/

(4.
'
- ,*

,

•I(

e. I

•

,

,.
,

‘

)
e;1
.4 . .
i,
.›,

,,,.,. .5-,- A. .). . ,
---"..-4 '..-.'Y* N..•...4.,,,-.• •
Li1\ ''.1,•-


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

:

=s

:

of

1
;
1
1
/,"-,--

/(7,'

/ .7:

/s-

;
//fir

/1

/c,

ii

7

..

-

_ 1,,,, ,,i, •
,,
„

-

1
,.

.73 ,.2,2,s-o

..-.. .) ".)

'/..-

..,

-1
j.

2.--, -..,)c,I

'

,

,

r-

-T

IZ_, ( 1

4:2 ...,.'

•%=- '

,. ,

,

'

,,

tie-e;-4 :.-4,...,,L)
,

_v-•,.(_,,,,
i
,7'.
.)...._r /./c
F...ip4.,---.._ .#02

(Ir
i;

7.2.2,,:r..) /64/ C..

.5;:4...k ' (.3/ 4"

/0
09

'9Y7s?);;-';',34V,/,'.

.7: q...

9C

/ / ,702;50 ,-.:':, 17 i ‘•
. ,

/..1 73.7:.

• /?.

,

i4.3
,

1.5c..4,,.)

, ,.:

..-,

,,

..„4..

.
I
I

•

;/2', /

4-.1 •

"

7

"y'.7

;-

,0 =-,

'7//'

-; 4-

IW -•

;--) 4'. :7,

z,..S',' ;,./

,i7 iff )00(1i I .

i'). SD

)

k

y

..'.2 i )(... , .....)

.
/..

.
_

;

'._. p

,...;.
.

' 5l.PS:no

•

-)
3"o : 1.

;..,i

. .,
>2,-,,s- 0.e.)

J6-4.0.
_.

-2 .,-,71);t10

-2),,

-)
; ),r:,
/, ;;., /Irti.oc .2;o-1.),ov

2p•,v

) .'27090i
''-ri f;

J

?02.50.0,1
'Y

•,:-,-fe .:7•)t

‘7,7,2 .-,»

c;,; -4)j it7.2f-,),_;

..1.; ,-_ ,, 0 ..)
3I6-ood,-9201) 04,J.)
,- .s-b-o ..) /.6,47)(),)
4-

-))

...3IS',..,
)) 47o. ; ;-:4:- 0-11,0*

3:24,2, 1) /3'51' 2C.
"3,f2: . alc4A6

1).0,) y70R,cd...) 3375:0) .2 847/.2 l.

..)
n
/A$0..6 .12,0 JJ -2.:,..0

i,678/

;%;',45pap

/d,:i42gi

l'2,tO44

V, .[/-'
;:-.)i6:),
_.; ,s, 37,
!,; / r
9 83, 4 0 ,9-641.;
i "ir

._

/Y/741
_ /9s1/
'
/ Ls-2 Y! -7,..t.,-._

.-.
/ 1.., .:-.,

re.

„

4.- P

\'),...,-}

44.2G

,
:'/)‘,c i.;.,

.,4

.
7-/

'1
i ,; 'i__.0‘•' J-7.

--- /

_—_L

't

. .,- , ,,.

, ..,.....,

. ,1-....
J

-4...

..\,1
,
;‘,1---'

, ,j.`'

..
^-Lt-...

i c7

I

-

,,,.

'

;
') .
'
\
.

:
1 N
/L'.. ‘ - " .

)- =

' 11

/...5,7q Az

9.l.

'
. ,1; ,---' '

'

-


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1

I"-

,
,

W

/0 /. .,....D

. c,)

6-

-1i--:- ti

,,-...,.

I

i'-',7*

)1..„4._

YJ ,- I
4 , rppitzi

/ 3,5 i OJ

,.

,.; /.....,t / ...; 0
d.0

kNcs.', ,

r
41c5"04too

,,i7,r/ ,2•S',

7.

/...D 75
.
)
)

I

..,

,

• -,

3 °,1..-2 / 4)
qi
'
_ :'..;)

0..,1
•:

.

C7 ,5-7)

•CS-2/

, r'--

i

-.7/ tr7,0 0

'- 4
el''i' '''''::' ..)". il.022Z

W

:1) 4.72%,V i)

.

12/7
....,

f :

Da

i'
'-,i"" •
1C


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.1=1.131

/
/

Y-25•=1/

•

7-5-7)
g 36

,•

—;

/

-5;23
'
7_5

51.5-A-0
A —/.

L. 21;
t ,7

K/_

,
41.

•

ii

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

y u
/

372

73

ts•

/f)

') •

:
--1

;

-11

t . . .

".

-,-----:•