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SURVEY OF CURRENT BUSINESS

November 1966

NATIONAL INCOME AND PRODUCT TABLES
1965
1963

1964

1965

II

III

1965

1966

IV

I

II

III

1963

1964

1965

II

Seasonally adjusted at annual rates

III

1966

IV

I

II

III

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1958 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product.

__

590.5 631.7

Durable goods
Nondurable goods . _
Services
___
Gross private domestic investment

672.9

401.4

431.5

426.8 435.0

53.9
168.6
152.4

__

681.2

375.0

Personal consumption expenditures. _

59.4 66.1 64.4
178.9 190.6 189.4
163.1 174.8 173. 0

686.5 704.4
66.7
191.4
176.9

721.2

732.3 744.6 551.0

445.2

455.6

460.1 469.9

68.0
197.0
180.2

70.3
201.9
183.4

67 1 70 2 53.7
205 6 208 1 162.2
187.4 191.5 137.4

59.1
170.5
144.2

111.9

114.5

118 5

87.1

93.0

106.6

103.7

106.7

81.3
54.3
19.5
34.8
27.0
26.4
.6
5.9
5.1
.8

88.3
60.7
21.0
39.7
27.6
27.0
.6
4.7
5.3
—.6

97.5
69.7
24.9
44.8
27.8
27.2
.6
9.1
8.1
.9

96 0
67.9
24.6
43.3
28.1
27.5
.6
7.6
6.7
9

98.0
70.2
24.4
45.8
27.8
27.3
.5
8.7
7.2
1.5

_ _ __

5.9
32.3
26.4

8.5
37.0
28.5

7.0
39.0
32.0

8.2
40.5
32.3

7.1
40.1
33.0

6.1
40.3
34.2

6.0
41.7
35.6

Government purchases of goods and services
Federal
National defense
_. .
Other..
.
_ _.
State and local

122.5
64.2
50.8
13.5
58.2

128.9
65.2
50.0
15.2
63.7

136.2
66.8
50.1
16.7
69.4

134.3
65.6
49.1
16.5
68.7

137.7
67.5
50.7
16.8
70.2

141.2
69.8
52.5
17.3
71.4

Addendum: Implicit price deflator for seasonally
adjusted GNP, 1958=100

107.2

108.9

110.9

110.7

111.0

111.6

Fixed investment
Nonresidential _
Structures
_
Producers' durable equipment
Residential structures
Nonfarm _
Farm
Change in business inventories
Nonfarm.._ _
Farm

_ _

Net exports of goods and servicesV.
Exports
Imports

580.0

614.4

607.8

618.2

631.2

643.5

649.3

353.3 373.8

396.2

392.2

398.9

406.5 412.8 412 2

418.3

66.4
178.2
151.6

64.2
177.6
150.4

67.2
178. 5
153.1

69.2
182.5
154.8

72.2
184.1
156.5

68 5
185 8
157. 9

71 6
187 1
159 6

640.5

115.0

82.5

86.5

97.8

95.3

97.9

102.2

103.5

106 3

102.5

106 2 105 1
78 2 80.3
27.9 27.7
50.3 52.6
28.0 24.8
27.4 24.3
.6
.6
12 3
9.9
12.1 10.4
2
—.5

76.7
51.9
17.9
34.0
24.8
24.2
.5
5.8
5.1
.8

81.9
57.4
18.9
38.5
24.6
24.0
.5
4.6
5.2
—.6

89.0
64.9
21.7
43.2
24.1
23.6
.5
8.8
8.0
.9

88.0
63.4
21.7
41.7
24.5
24.0
.5
7.3
6.5
.8

89 4
65.5
21.3
44.2
23.9
23.4
.5
8.5
7.1
1.4

91.9
68.4
23.2
45.2
23.5
23.0
.5
10.2
8.9
1.3

95.0
70.8
24.3
46.4
24.3
23.8
.5
8.5
8.0
.4

94 7
71 3
23 6
47.7
23 4
22.9
.5
11 6
11.4
2

93 5
73 0
23.2
49.8
20 5
20.0
.5
91
9.6
— 5

4.7
41.9
37 3

4.2
43.4
39.2

5.6
32.1
26.6

8.5
36.4
28.0

6.3
37.3
31.0

7.1
38.7
31.6

6.4
38.4
31.9

6.0
38.7
32.8

5.9
40.1
34.2

4.6
40.3
35 8

4.2
41.8
37.6

145.0
71.9
54.6
17.4
73.1

149.0
74 0
57.1
16.9
75 0

155.5
78.3
61.3
17.0
77.2

109.6
59.5

111.3
57.8

114.1
57.8

113.2
57.3

115.0
58.3

116.6
59.3

118.3
60.4

120.4
61.9

124.3
64.9

50.1

53.4

56.3

55.9

56.7

57.3

57.9

58 5

59 4

112.6

113 8

114.7

631.2

640.5 643.5

649.1

621.0
10.2

632.0
8.5

631.9
11.6

640.
9.

344.7 346.7
336.2 335.1
8.5 11.6

352.

101.5 105.6
73.9 77.0
26.8 28.5
47.1 48.5
27.6 28.6
27.0 28.0
.5
.5
10.4
8.9
8.5
9.0
1.4
.5

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
590.5 631.7

Gross national product .
Final sales
_ __
Change in business inventories

__ _

Goods output-

_

Final sales
C hange in business inventories
Durable goods
Final sales
__ _
Change in business inventories.
Nondurable goods
Final sales
Change in business inventories

672.9

Addendum : Gross auto product

721.2

182.5
179.4
3.1

192 7 206 3 203 6
191.3 203.5 202.4
1.4
27
1.2

244.5 262.0
74.5

25.1

68.9
25.8

31.4

30.8

734.6
9.9

371.6 378.9
359.3 369. 0
9.9
12.3
149 6 157.4
140.6 148.0
9.5
9.0

551.0

545.2
5.8

580.0
575.4
4.6

614.4

605.6
8.8

607.8

618.2

600.5 609.7
7.3
8.5

289.7 307.2 328.5 322.5 330.9 341.0
283.9 302.6 319.7 315.2 322.4 330.7
8.5 10.2
5.8
4.6
8.8
7.3
114.2
111.4
2.8

123.1
119.9
3.2

135.5 131.7
129.4 125.5
6.2
6.1

343.
9.

138.3
131.8
6.5

140.3
135.7
4.7

145.4
139.9
5.5

146.0
137. 6
8.4

153.
144.
8.

200.6
195.1
5.6

199.4 200.8
196.3 197.6
3.0
3.2

199.
198.
234.

206.5 216.2 218.4 222.0 221.4 175.6 184.1
204.4 210.5 215.2 218.7 221.0 172.5 182.7
.5
2.1
5.7
3.3
1.4
3.1
3.1

193.0
190.3
2.7

190.8 192.6
189.6 190.6
1.1
2.0

275.5 282.1 289.9

200.9

211.2

221.1

220.3 223.3 224.0

227.7

230.9

78.6

75.8

60.4

61.7

64.8

65.0

64.0

66.2

68.0

66.0

62.

28.6

27.9

24.7

25.4

31.4

30.6

31.9

30.7

32.2

29.1

28.

259.8 265.1 268.8
74.3

732.3 744.6

712.3 720.0
8.9 12.3

298.6 318.2 344.7 338.8 347.5 358.8 366.0
292.7 313.6 335.7 331 2 338.8 348.4 357.0
8.7 10.4
8.9
5.9
9.1
7.6
4.7
116 1 125 5 138 5 135 2 141.0 142.6 147.6
113.3 122.2 132.2 128.8 134.3 137.9 141.8
6.4
6.7
4.7
5.8
2.8
3.3
6.3

65.7

_ _

686.5 704.4

627.0 672.1 665.3 677.8 694.0
7.6
8.7 10.4
4.7
9.1

226.2

-

Services
Structures

584.6
5.9

681.2

73.9

76.9

79.8

31.6

30.5

31.5

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
590.5 631.7

681.2

672.9

686.5 704.4 721.2 732.3 744.6

551.0

580.0

614.4

618.2

631.2

640.5 643.5

649.J

. .

532.4

568.7

613.4

606.4

618.2

633.8

667.0

503.2

530.8

563.5 557.3 567.2

579.4

588.0

589.9

594 J

Business. _ _ _
Nonfarm
__ _
Farm
Households and institutions
Rest of the world

513 0
491.5
21 5
16.0
34

547 4
527.0
20 4
17.3
40

590 8 583 6
567 1 559 4
23 8 24 2
18 3 18 0
43
48

595 3
570.6
24 7
18.7
41

611 2 624 9 634 0
586 6 599.3 609 0
24 7 25 7 25 0
19 1 19 1 19 1
44
44
34

561.6 569.4
537.5 546.4
24.1 23.0
14.5 14.3
4.3
33

571.4
548.4
22.9
14.2
4.3

575. (
553. <
21.'
14.
4.'

58.1

63.0

52.5

53.6

54.!

Gross national product.
Private

General government




_

67.8

66.6

68.3

70.6

648.4

72.8

657.6

74.7

607.8

642.8 486 6 513.3 545.4 538.9 548.9
618.4 463.8 491.2 521. 7 515.1 524.6
24 4 22 8 22 0 23.8 23 8 24 3
19.7 13.2 13.6 14.0
13.7 14.2
45
41
46
39
40
34
77.6

47.8

49.2

50.9

50.5

51.1

51.8

CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1963
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS

1964

1965

III

Annual total

1965

1964

1963

IV

1966

III | IV
| III
IV
I
II
Seasonally adjusted quarterly totals at annual rates

I

II

I

III

| II

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND FRODUCTf
r

590.5

631 7

681.2

594.7

605.8

616.8

627.7

637 9

644.2

660.8

672. 9

686.5

704.4

721.2

732. 3

375.0

401.4

431.5

378.3

381.5

391.1

398.0

407.5

408.8

418.9

426.8

435.0

445.2

455.6

460. 1 ' 469. 9

24.3
22.2

53 9

59 4
25.8
25.1

66.1
29.8
27.1

54.5
24.4
22.5

55 6
24.9
23.1

57 6
25.3
24.1

59.8
26.0
25.4

61.1
27.1
25.3

58.9
24.6
25.7

65 1
30.1
26.0

64.4
29.2
26.2

66.7
30.2
27.3

68.0
29.9
28.8

70.3
31.4
29.6

168 6
30.6
88.2
13 5

178 9
33.6
92.8
14 1

190 6
35.9
98.4
15 1

169.9
31.4
88.3
13 5

169 6
30.7
88.6
13 7

174.9
32.8
90.7
13 9

176.5
32.7
92.1
13 9

181.7
34.3
93.9
14 2

182.4
34.4
94.4
14 4

184.5
34.6
95.4
14 4

189. 4
35.6
97.8
15 2

191. 4
36.0
98.7
15 3

197.0
37.5
101.6
15.7

201.9
39.4
103.3
15 8

205. 6 ' 208. 1
39.7 '41.1
104.8 ' 105. 5
16 1 '16.1

152.4
23 1
55 4
11 4

163.1
24 3
59 f
11 8

174.8
25 6
63 2
12 8

153.9
23 5
55 8
11 5

156.3
23 3
56 8
11 6

158.7
23 8
57 7
11 7

161.6
24 2
58 7
11 7

164.7
24 7
59 6
11.9

167.5
24 7
60 7
12 1

169.3
24 7
61 6
12 2

173.0
25 4
62 7
12.7

176.9
26 0
63 6
13.0

180.2
26 3
64.7
13.4

183.4
26 5
66 0
13 5

187.4 ' 191. 5
27 1 '27.6
68.2
67.1
14.2
13.9

do

87.1

93.0

106.6

88.0

92.9

90.2

91.8

92.5

97.4

103.8

103.7

106.7

111.9

114. 5

118.5 ' 115. 0

do
do
do
. do
do
do
do
do

81.3
54 3
19 5
34 8
27.0
26 4
5.9
51

88 3
60 7
21 0
39 7
27 6
27 o
4.7
53

97 5
69 7
24 9
44 8
27 8
27 2
9.1
81

82.0
55 0
19 4
35 5
27 1
26 5
6.0
53

84 7
56 8
19 9
36 8
28 0
27 4
8.1
70

86 6
58 1
20 3
37 9
28 5
27 9
3.5
36

87 6
59 7
20 9
38 8
27 9
27 3
4.2
51

88.9
61 7
21 0
40 7
27 2
26 6
3.' 6
46

90.0
63 3
21 8
41 4
26 7
26 2
7.4
79

94 4
66 7
23 6
43 1
27 7
27 2
9.5
9 4

96 0
67 9
24 6
43 3
28 1
27 5
7.6
67

98.0
70 2
24 4
45 8
27 8
27 3
8.7
7 2

101.5
73 9
26 8
47.1
27.6
27 o
10.4
90

105.6
77 0
28 5
48 5
28 6
28 0
8.9
85

106.2 ' 105. 1
78.2 '80.3
27.9 '27.7
50.3 '52.6
28.0 '24.8
27.4 '24.3
'9.9
12.3
12.1 '10.4

__do
do
do

5.9
32 3
26 4

8.5
37 0
28 5

7.0
39 0
32 0

5.6
32 5
26 9

7.1
34 3
27 1

9.0
36 4
27 4

7.9
36 0
28 1

8.4
37 2
28 8

8.6
38 1
29 6

6.4
35 1
28 7

Zi
8. 9
40 5
32 3

7.1
40 1
33 0

6.1
40 3
34 2

6.0
41 7
35 6

Govt. purchases of goods and services, total.. do
122.5
Federal.
.
do_ . 64 2
National defense
do
50 8
State and local _
_ _ do
58 2

128.9
65 2
50 0
63 7

136.2
66 8
50 1
69 4

122.9
64 2
51 0
58 7

124.3
64 4
50 3
59 8

126.5
64 9
50 1
61 6

130.1
66 6
51 6
63 4

129.5
65 1
49 8
64 4

129.4
64 1
48 5
65 3

131.6
64 4
48 2
67 3

134.3
65 6
49 1
68 7

137. 7
67 5
50 7
70 2

141.2
69.8
52 5
71 4

145.0
71.9
54 6
73 1

149. 0 ' 155. 5
78.3
74.0
61.3
57.1
75.0 '77.2

By major type of product:!
Final sales, total
__
Goods, total __
Durable goods
Nondurable goods
Services
Structures _

720. 0 ' 734. 6
359.3 369.0
148.0
140.6
221.0
218.7
282.1 289.9
75.8
78.6

Gross national product, totalf

foil.

$

Personal consumption expenditures, total

do

Durable goods, total ?
Automobiles and parts _ _ _ __ _
Furniture and household equipment
Nondurable goods, total 9
Clothing and shoes
.
Food and beverages
Gasoline and oil

do
do
do _

do
__ do
do
do

Services, total 9
Household operation
Housing
Transportation
_ . _ _ . . _ _ _ _
Gross private domestic investment, total
Fixed investment
.
Nonresidential
Structures
Producers' durable equipment
Residential structures—
Nonfarm
Change in business inventories—.
Nonfarm
..
Net exports of goods and services.
Exports
Imports _ _ _

_

do __
do
do
do

__

do
do
do
„ do _
do
do _

584 6
292 7
113 3
179 4
226 2
65 7

627 0
313 6
122 2
191 3
244 5
68 9

672 1
335 7
132 2
203 5
262 0
74 5

588 8
294 7
114 7
180 1
228 1
65 9

597 7
298 1
117 3
180 8
232 2
67 4

613 3
307 1
119 6
187 5
237 3
68 8

623 5
311 4
122 4
189 0
242 7
69 4

634 4
318 8
125 0
193 8
247 1
68 5

636 8
316 9
122 0
195 0
251 1
68 8

651 4
324 3
127 7
196 6
254 3
72~7

665 3
331 2
128 8
202 4
259 8
74 3

677 8
338 8
134 3
204 4
265 1
73 9

694 0
348 4
137 9
210.5
268 8
76.9

712 3
357 0
141 8
215.2
275 5
79.8

__ _ _ do
do
do _

59
28
31

47
33
14

91

6.0
23
37

81
38
44

35
23
12

42
36
5

36
28
g

7 4
44
29

95
74
21

76
6 4
12

8.7
6 7
2.1

10.4
47
5.7

8.9
5.8
3.1

_._

Change in business inventories
Durable goods
Nondurable goods.. _ . _

27

67.1
28.5
29.2

4.7
41.9
37.3

12.3
9.0
3.3

744. 6

'70.2
'30.1
'30.7

'4.2
'43.4
'39.2

'9.9
9.5
.5

GNP in constant (1958) dollars
Gross national product, totalf
Durable goods
Nondurable goods
Services

_

551. 0

580.0

614.4

554.7

562.1

569.7

578.1

585.0

587.2

600.3

607.8

618.2

631.2

640.5

643. 5 ' 649. 3

do

353.3

373 8

396 2

356.1

357 7

365 7

371 0

379. 5

378 9

387 1

392 2

398.9

406.5

412.8

412.2

418.3

do
do
do .

53 7
162 2
137.4

59 1
170 5
144.2

66 4
178 2
151.6

54 4
163.3
138. 4

55 3
162 4
140 0

57 2
167 2
141 2

59 5
168 4
143 1

60 9
173 3
145 3

58 8
173 1
146 9

64 8
174 2
148.1

64 2
177 6
150.4

67 2
178.5
153.1

69.2
182.5
154.8

72.2
184.1
156.5

68.5
185.8
157. 9

71.6
187.1
159.6

foil.

$__

Personal consumption expenditures, total
_ _ _

_

_

82 5

86 5

97.8

83.1

87 7

84 6

85 6

85 7

90 2

95 9

95 3

97.9

102.2

103.5

106. 3

102. 5

do
do
..do
do _

76 7
51 9
24.8
5.8

81 9
57 4
24 6
4.6

890
64 9
24.1
8.8

77 2
52.5
24.7
5.9

79 7
54 3
25.4
81

81
55
25
3

2
5
7
5

81 6
56 6
24 9
40

82 2
58 2
24 1
35

82
59
23
7

86
62
24
9

6
3
4
3

88 0
63 4
24 5
7.3

89 4
65 5
23.9
8.5

91 9
68. 4
23.5
10. 2

95.0
70.8
24.3
8.5

94.7
71.3
23.4
11.6

93.5
73.0
20.5
9.1

do

5.6

8.5

6.3

5.5

7.1

9.2

8.2

8.4

5.7

7.1

6.4

6.0

5.9

4.6

Gross private domestic investment, total - do
Fixed investment
Nonresidential
_
Residential structures..
.. _ _
Change in business inventories
Net exports of goods and services

Govt. purchases of goods and services, total. .do___.
Federal
do
State and local
do

111.3
114.1 110.0
109. 6
109.5
59 5
57 8
59 6
57 8
58 7
56.3
53.4
50.4
50.1
50.9
'Revised.
* Preliminary.
f Revised series. Estimates of national income and product and personal income have been revised (see p. 11 ff. of the July 1966 issue of the SURVEY);

8
2
6
4

8.0

113.2
115.0
110.3
113.3
111.5
111.3
110.1
57 3
58 3
58 2
59 7
57 4
56 1
56 2
52.0
53.6
56.7
53.9
54! o 55! 3 55.9
revisions prior to May 1965 for personal income appear on
the SURVEY.
9 Includes data not shown separately.

120.4
118.3
116.6
61.9
60.4
59 3
58.5
57.9
57.3
p. 18 ff. of the July 1966 issue of

&-1
235-601 O - 66 - 3




4.2

124.3
64.9
59.4

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS

1963

| 1964 | 1965

I

Ill

II

1966

1965

1964

1963
IV

Annual total

November 1966

I

IV

I

IV

III

II

II

Ill

IV

GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income totalt
foil
$
Compensation of employees, total
do
\Vascs and. salaries total
do
Private
do
Military
do
Government civilian
do
Supplements to wages and salaries
_do
Proprietors' income, total 9
do
Business and professional 9 ---do
Farm
_
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
foil
$
By foroad industry groups:
Financial institutions
do
Nonfinancial corporations, total
___do____
Manufacturing, total
do
Nondurable goods industries
do
Durable goods industries
do____
Transportation, communication, and public
utilities
foil
$
All other industries
do
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
_ _ _ _ _ _ do
Dividends
do
Undistributed profits
do
Inventory valuation adjustment
___do
Net interest
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
foil
$
Less: Personal tax and nontax payments
do
Equals' Disposable personal income
do
Less: Personal outlays©
do
Equals* Personal saving§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
bil $
Manufacturing
do
Durable goods industries
do
Nondurable goods industries.
_do ___
Mining
do
Railroad
do
Transportation, other than rail.
do
Public utilities..
_
_do____
Communication
do
Commercial and other
do
Seas. adj. qtrly. totals at annual rates:
All industries
do
Manufacturing
do
Durable goods industries
do
Nondurable goods industries
jdo
Mining
' do
Railroad
do
Transportation, other than rail
do
Public utilities.
_____do____
Commercial and other
do
U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits — )
Exports of goods and services (excl. transfers under
military grants)
mil $
Merchandise, adjusted, excl. military
do
Military sales
do

481.9
341.0
311.1
251.6
10.8
48.6
29.9
51.0
37.9
13.1
17.1

517.3
365.7
333.6
269.3
11.7
52.6
32.0
51.9
39.9
12.0
17.7

559.0
392.9
358.4
289.1
12.1
57.1
34.5
55.7
40.7
15.1
18.3

493.9
349.2
318.5
257.1
11.6
49.8
30.8
51.4
38.5
12.9
17.2

504.0
355.3
324.4
261.8
11.6
51.0
31.0
51.3
39.1
12.2
17.4

513.7
362.2
330.6
267.1
11.6
51.9
31.7
52.2
39.9
12.2
17.6

522.9
369.8
337.4
272.3
11.7
53.4
32.4
51.9
40.3
11.7
17.8

528.5
375.3
342.2
275.9
11.9
54.3
33.1
52.2
40.3
11.9
17.9

543.3
381.7
348.2
281.2
11.8
55.2
33.5
53.3
40.5
12.9
18.1

552. 2
387.8
353.7
285. 8
11.7
56.3
34.1
55.9
40.4
15.5
18.3

562.7
395.6
360.8
291.1
12.0
57.7
34.8
56.7
40.7
16.0
18.4

577.8
406.5
370.8
298.5
13.0
59.3
35.7
57.1
41.1
16.0
18. 5

595.7
419.6
380.0
305.9
13.6
60.4
39.6
58.4
41.4
17.0
18.7

604.1
427.9
387.4
311.5
14.1
61.8
40.5
57.9
41.6
16.3
18.8

614. 0
438.3
396.7
318.0
15.0
63.7
41.5
57.3
41.9
15.4
18.9

58.9

66.6

74.2

61.4

65.3

66.5

67.8

66.8

73.2

72.7

74.0

76.9

80.0

79.9

P79.3

7.8
51.2
28.8
13.0
15.8

8.4
58.2
32.4
14.5
17.9

8.9
65.3
37.8
15.7
22.1

7.9
53.5
30.2
13.4
16.8

8.0
57.3
32.1
14.1
18.1

8.5
58.1
32.4
14.6
17.7

8.4
59.3
33.0
14.6
18.4

8.6
58.1
32.2
14.7
17.5

8.5
64.6
37.4
15.5
21.9

8.7
64.0
36.7
15.5
21.2

8.9
65.0
37.4
15.5
21.9

9.5
67.5
39.6
16.4
23. 2

9.4
70.6
41.9
17.2
24.7

9.8
70.0
40.6
17.2
23.4

9.5
12.9
59.4
26.3
33.1
16.5
16.6
-.5
13.8

10.4
15.4
67.0
28.4
38.7
17.3
21.3
-.4
15.5

11.1
16.4
75.7
31.2
44.5
19.2
25.3
-1.5
17.8

9.8
13.5
62.7
27.8
34.9
16.8
18.1
-1.3
14.7

10.1
15.0
65.8
27.9
38.0
17.1
20.9
-.5
14.7

10.2
15.5
66.8
28.3
38.5
17.3
21.3
-.3
15.1

10.6
15.7
67.8
28.7
39.1
17.4
21.7
.0
15.7

10.5
15.5
67.7
28.6
39.0
17.7
21.4
16! 3

10.7
16.5
74.5
30.7
43.8
18.1
25.7
-1.3
16.9

10.9
16.4
74.5
30.7
43.8
18.8
25.0
-1.8
17.5

11.2
16.4
75.0
30.9
44.1
19.5
24.6
-1.0
18.1

11.5
16.4
78.7
32.4
46.3
20.2
26.1
-1.8
18.7

11.3
17.4
82.7
34.1
48.7
20.9
27.8
-2.8
19.1

12.0
17.4
82.8
34.1
48.7
21.1
27.6
-2.9
19.6

465.5
60.9
404.6
384.7
19.9

496.0
59.4
436.6
412.1
24.5

535.1
66.0
469.1
443.4
25.7

475.8
61.7
414.1
391.6
22.5

484.0
60.7
423.4
401.4
22.0

492.0
56.9
435.1
408.5
26.6

500.3
59.1
441.2
418.4
22.8

507.5
60.9
446.6
420.0
26.6

518.0
64.9
453.2
430.3
22.8

527.6
66.6
461. 0
438.6
22.4

541. 9
65.7
476.2
447.1
29.0

552.8
66.7
486. 1
457.6
28.5

564.6
69.5
495.1
468.4
26.7

573.5 ' 585. 2
'77.4
73.6
r
499.9 r 507. 8
473.3 483. 3
26.6 '24.5

39.22
15.69
7.85
7.84
1.04
1.10
1.92
5.65
3.79
10.03

44.90
18.58
9.43
9.16
1.19
1.41
2.38
6.22
4.30
10.83

51.96
22.45
11.40
11.05
1.30
1.73
2.81
6.94
4.94
11.79

11.09
4.56
2.31
2.25
.28
.33
.54
1.61
1.06
2.72

9.40
3.79
1.93
1.87
.26
.32
.51
1.18
.97
2.37

11.11
4.53
2.30
2.23
.29
.36
.63
1.58
1.10
2.61

11.54
4.67
2.37
2.30
.30
.37
.59
1.71
1.06
2.84

12. 84
5.59
2.83
2.76
.33
.35
.64
1.76
1.17
3.01

10.79
4.54
2.25
2.28
.29
.39
.58
1.32
1.08
2.59

12.81
5.47
2.76
2.70
.33
.44
.77
1.71
1.24
2.85

13.41
5.73
2.91
2.82
.32
.44
.72
1.88
1.22
3.10

14.95
6.72
3.48
3.24
.35
.46
.73
2.04
1.41
3.25

12.77
5.61
2.87
2.74
.33
.40
.75
1.60
1.26
2.83

i 15. 64 2 17. 16
15.29
7.84
6.84
-6.78
3.54
4.04
3.51
3.30
3.80
3.27
.37
.36
.40
.47
.54
.55
.97
.90
1.00
2.25
2.22
2.09
1.42
3
5. 19
3.06 34.84

41.20
16.45
8.30
8.15
1.05
1.35
2.10
5.80
4.05
10.45

42.55
17.40
8.85
8.55
1.15
1.40
2.30
5.95
4.05
10.25

43.50
17.80
9.00
8.80
1.15
1.25
2.25
6.30
4.30
10.45

45.65
18.85
9.60
9.20
1.20
1.50
2.40
6.30
4.40
11.00

47.75
20.15
10.15
10.00
1.30
1.55
2.60
6.35
4.40
11.40

49.00
20.75
10.40
10.40
1.25
1.75
2.55
6.80
4.55
11.30

50.35
21.55
10.80
10.70
1.30
1.55
2.70
6.85
4.80
11. 60

52. 75
23.00
11.75
11.25
1.25
1.70
3.00
6.75
5.05
11.95

55.35
24.15
12.45
11.70
1.35
1.95
3.00
7.30
5.30
12.25

58.00
25.60
13.15
12.45
1.40
1.75
3.30
8.25
5.35
12.35

60.10 i 61. 60 2 63. 55
28.15
27. 55
26. 80
14.40
14. 35
13.85
13.70
13.20
12.95
1.40
1.45
1.55
1.85
2.30
2.00
3.70
3.95
3.50
8.05
8.10
8.30
5.50
12.45 3 19. 00 319.65

9,537 8,776
9,001 9,308
6,092 6,389 6,660 5,625
201
200
186
162
1,561
1,253
1,369
1,368
1,423
1,390
1,389
1,354
-7, 032 -7, 196 -7,390 -7,164
-4, 579 -4,752 -4, 901 -4, 656
-664
-683
-725
-686
-372
-373
-344
-349
-1,384 -1,409 -1,434 -1,471

10,136
6,798
229
1,616
1,493
-8, 087
-5,481
-701
-404
-1,501

9,112
32, 339
36, 958 38, 993 8,564
6,156
5,949
22, 071
25, 297 26,276
198
145
844
657
747
4,654
5,392 5,901 1,183 1,402
1,356
1,287
4,957
Other services
__do _ _
5,522 5,972
Imports of goods and services
do__ -26,442 -28,468 -32, 036 -6,784 -6,850
-16,992 -18, 621 -21,488 -4, 372 -4,389
Merchandise adjusted excl militarv
do
-740
t y Apeu_ ibu.res>___
_ _ _ _ _ _ _ _ _ _ _ _ _ u u _ _ -2,936 -2,834 -2,881 -719
-339
-352
-1,271 -1,404 -1,646
-5,243 -5, 609 -6, 021 -1,341 -1, 382
Other services
do
Unilateral transfers, net (excl. military grants);
-683
-702
-2,784 -2,765 -2,794
Transactions in U.S. private assets, net: increase
-1, 106 -1, 360
-4,456 -6,523 -3,690
(— )
mil $
Transactions in U.S. Govt. assets, excl. official
-291
-486
-1,664 -1,674 -1,575
Transactions in U.S. official reserve assets, net;
-51
1,222
378
171
increase (— )
mil $
Transactions in foreign assets in the U.S., net (U.S.
419
358
309
2,981
3,312
liabilities) ; increase (-f)
mil. $.
299
143
133
2,292
2,627
Liquid assets
__ d o _ _ _
215
120
176
685
689
-296
161
-352 -1,011 -429
Unrecorded transactions
__
_
do _ _ _
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
-138
-248
-2, 670 -2,798 -1, 337
Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
-144
-92
official agencies; decrease (-)___
mil. $_ -2,044 -1,546 -1,305
' Revised.
p Preliminary.
1
jsiness.
Estimates for July-Sept. 1966 based on anticipat ed capital expendit [ires of b
2
Estimates for Oct.-Dec. 1966 based on anticipat ed capita1 expenditures of 1ausiness.
.$):
Anticipated expenditures for the year 1966 are as folio ws (in foil All industries, 60.86; mimufacturing, total, 27.08; durable goods industries, 13.96; nond urable go Dds industries, 1,Ul;
(mining, 1.46; railroad, 1.96; transportation, 3.62; pu blic utilit les, 8.16; commercial and other
incl. com munication), 18.60.
3 includes commun ication.




n

10,016 10, 065 10,456
7,121
7,027
6,826
198
199
216
1,541
1,254
1,470
1,596
1,568
1,521
-8,245 -8,540 -8,922
-5, 595 -5,756 -6, 003
-854
-771
-745
-436
-458
-411
-1,494 -1,555 -1,629

P82.1
P33.8
P48.3
21.1
P27.2
'-2.8
20.2

plO, 565
pT, 111 p 7, 405
p258
pi, 596
vl, 600
p-9,238
p-6,258 -6, 680
p-913
p-436
p-1,631

-662

-768

-719

-645

-852

p-733

-1, 385 -1,589 -2, 189 -1,605

-346

-827

-912

-908

v 1, 104

-469

-268

-471

-332

p-471

-717

-350
303

-694

-415
70

332
249
83
-152

719
547
172
-203

-552

-617

-671

-618

-367

-151

842

68

41

271

424

p 68

1,842
1,532
310
-360

180
-145
325
0

-425
-294
-131
-109

242
493
-251
-240

312
61
251
-80

402
132
270
-268

P 979
p 89
p 890
p -66

-1,381

-697

226

-556

p-157

-534

-332

P82

P135

p-217

P993
232 -1,158
239
-246 p-186
-845
-618
-326
-231
fSee corresponding note on p. S-l.
9fcncludes inventory valuatk>n adjust ment.
er ersonal outlays c emprise persona] consum ption expenditur es, inter 3St paid by consumers, and p ersonal t ransfer payments to foreig]ners.
§Pe,rsonal sa ving is e xcess of clisposabl 3 income over per sonal ou1lays,
cfISlore com plete del ails are *iven in the quar terly revi ews in tlle Mar., June, Se pt., and
Dec. issues of the SumfEY.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102