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■ismcV URAL MiSSiSSiPPi VALLEY •NOMiC 'INDICATORS Prepared by Federal Reserve Bank of St. Louis 4TH QUARTER 1978 Released. F e b ru a ry 1979 DATA DESCRIPTION Selected economic data for the Central Mississippi Valley (CMV) are generally provided for five states and eight metropolitan areas which are entirely or partially within the Eighth Federal Reserve District* In addition, Federal Reserve member bank data are provided for three smaller SMSAs (Standard Metropolitan Statistical Areas) and for all seven states and nonmetropolitan areas within the Eighth District portion of these states. Also, the metropolitan summary of population includes 13 SMSAs in the CMV. Metropolitan areas refer to the 1973 SMSA definitions, except where noted, and states in some cases refer only to the Eighth District portion of the state. The latest data for some series are preliminary and will be revised as final figures are received. Income and Trade Indicators Personal income and department store sales data are from the U.S. Department of Commerce. In April 1977, numerous revisions were incorporated into the department store series, including boundary redefinitions for SMSAs. New Passenger Car Registrations are from R. L. Polk and Company. Car registrations for Kentucky are estimated for the period from February to September 1978. U.S. passenger car sales are from the U.S. Department of Conmerce. All agricultural data are from the U.S. Department of Agriculture. Employment Indicators Employment data are from the respective state Employment Security Offices and the United States Department of Labor. Data for Memphis include only Shelby and Tipton counties in Tennessee and Crittenden County in Arkansas. Total employment, unemployment, and labor force are based on household (place-of-residence) data. Payroll employment data, which include manufacturing, nonmanufacturing, and hours and earnings in manufacturing, are based on establishment (place-of-work) data. Production and Price Indicators Electric power consumption data for the Eighth Federal Reserve District are based on reports to this Bank from various utility and self generating firms in the District and U.S. data are obtained from the Board of Governors of the Federal Reserve System. The series Value of Construction Contracts Let are from Dodge Construction Potentials, McGraw-Hill Information Systems Company. Housing permits are from the U.S. Department of Commerce. Financial Indicators Total loan and deposit data for states, metropolitan areas, and nonmetropolitan areas are only from member banks in the Eighth District. Such data are averages of the weekly member bank reports for the month and are not strictly comparable over time due to withdrawals and additions of menfeer banks (see average number of member banks, page 35). Savings and loan data are obtained from the various Federal Home Loan Banks. These data for the Fort Smith metropolitan area include only those counties in the State of Arkansas, and for St. Louis Include only St. Louis City and St. Louis County in Missouri, and Clinton, Madison, Monroe, and St. Clair counties in Illinois. 2 SUMMARY OF CENTRAL MISSISSIPPI VALLEY ECONOMIC ACTIVITY The Central Mississippi Valley (CMV) economy continued to advance In 1978, but at a more moderate rate than a year earlier. Some slowing was noticeable in retail sales, manufacturing employment, and housing construction. Retail sales, as measured by department store sales in six CMV metropolitan areas and automobile registrations in five CMV states, exhibited a slower growth pattern in 1978. In the period from September-November 1977 to September-November 1978, department store sales increased only 5 percent and automobile registrations advanced 1 percent, compared with the previous year when both department store sales and automobile registrations increased about 17 percent. Continued payroll employment gains occurred in 1978, indicative of further increases in production. Payroll employment in five CMV states and eight metropolitan areas rose about 3 percent from fourth quarter 1977 to fourth quarter 1978, a substantial gain for this stage of the business expansion. Nevertheless, the gain was below the very rapid 4.1 percent increase in the United States as a whole, and below the 4.5 percent increase last year in the CMV states. Payroll employment has grown more slowly in the CMV than in the United States primarily because of slower manufacturing employment growth. Manufacturing employment grew only 1.4 percent in the CMV last year compared with a 3.6 percent increase in the United States. Nonmanufacturing employment, which accounts for nearly three-fourths of payroll employment in the CMV, advanced 3.7 percent last year, only slightly below the 4.3 percent increase in the nation as a whole. Employment growth in most of the leading CMV manufacturing industries decelerated sharply last year as shown in the table below. Employment growth in each of these industries, except food, slowed relative to growth in the same industries in the nation. MANUFACTURING EMPLOYMENT IN LEADING INDUSTRIES IN THE FIVE CMV STATES (Annual Rates of Change) Fourth Quarter 1977 to Fourth Quarter 1978 Fourth Quarter 1975 to Fourth Quarter 1977 Five CMV States United States Five CMV States • United States Chemical, Petroleum, and Rubber Products 0.7 2.9 3.9 4.2 Electrical Equipment 2.8 5.1 7.9 5.4 Food and Kindred Products 1.1 -0.1 2.6 0.5 Lumber and Furniture 0.9 1.9 6.2 6.9 -1.9 -0.9 0.5 0.2 Textiles, Apparel, and Leather Overall construction activity continued at a high level in the CMV during 1978, although housing construction declined somewhat. Housing permits issued in the fourth quarter of 1978 were down about 5 percent from a year earlier, about the same percent decline as for the United States. A 7.6 percent increase occurred in construction employment in the five CMV states last year. Loan volume at all Eighth District member banks increased 13.5 percent in 1978, nearly the same as in 1977. Mortgage loans at savings and loan associations in the five CMV states advanced about 15 percent in 1978, somewhat below the 19 percent registered in 1977. 3 INCOME AND TRADE INDICATORS PERSONAL INCOME SEASONALLY ADJUSTED INDEX: 1971-100 1971-100 1971-100 ARKANSAS KENTUCKY 240 200 160 120 80 TENNESSEE 4 P R E P A R ED BY F E D E R A L R E S E R V E BANK OF S T . LO U IS INCOME AND TRADE INDICATORS PERSONAL INCOME SEASONALLY ADJUSTED COMPOUNDED ANNUAL ______ RATES OF CHANCE INDEXt 1971-100 2ND QUARTER 1978 3RD QUARTER 1978 UNITED STATES 196.0 201.7 12.1 12.1 CMV STATE SUMMARY 205.0 210.2 10.5 11.7 ARKANSAS 225.9 233.3 13.7 13.2 KENTUCKY 213.4 219.7 12.3 13.8 MISSISSIPPI 212.7 219.7 13.8 « CM 2ND QTR 1978 TO 3RD OTR 1978 3RD OTR 1977 TO 3RD QTR 1978 MISSOURI 190.3 194.2 8.5 9.8 TENNESSEE 205.8 210.1 8.7 11.3 STATE SUMMARY-PERSONAL INCOME COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER INITIAL QUARTER 1-74 2-74 2-74 11*6 3-74 11.6 11.6 4-74 9.4 8.3 3-74 4-74 1-75 2-75 3-75 4-75 1-76 2-76 3-76 1971*100 4-76 1-77 2-77 3-77 4-77 1-78 2-78 137.0 140.8 5.2 142.6 1-75 7.1 5.6 2.7 0.3 2-75 8.4 7.7 6.4 7.0 14.1 3-75 9.6 9.2 8.6 9.7 14.8 15.5 4-75 9.7 9.4 8.9 9.9 13.3 12.9 10.3 1-76 10.1 9.9 9.6 10.5 13.2 12.9 11.6 12.8 2-76 9.8 9.5 9.3 9.9 12.0 11.5 10.2 10.1 7.4 3-76 9.6 9.4 9.1 9.7 11.4 10.8 9.7 9.5 7.8 8.3 4-76 9.9 9.8 9.6 10.1 11.6 11.2 10.3 10.3 9.5 10.6 13.0 142.7 147.5 152.9 156.7 . 161.5 164.4 167.7 172.9 1-77 10.0 9.9 9.7 10.2 11.5 11.2 10.5 10.5 9.9 10.8 12.0 11.1 2-77 10.3 10.2 10.1 10.6 11.8 11.5 10.9 11.0 10.7 11.5 12.6 12.4 13.7 3-77 10.4 10.3 10.2 10.6 11.7 11.4 10.9 11.0 19,7 11.4 12.2 12.0 12.4 11.1 4-77 10.6 10.5 10.4 10.9 11.9 11.7 11.3 11.4 11.2 11.8 12.5 12.4 12.9 12.5 1—78 10.2 10.2 10.1 10.4 11.3 11.1 10 .6 10.7 10.4 10.9 11.3 11.0 10.9 10.0 9.5 5.2 2-78 10.7 10.6 10.5 10.9 11.8 11.6. 11*3 11.3 Uf2 11.7 12.2 12.0 12.2 11.8 12.1 11.2 17.5 3-78 IO»T 10.6 10.5 10.9 11.7 11.5 . 11.2 11.3 ll.l n.s 12.0 u»> 11.9 11.6 11.7 11.0 14.0 10.5_____ 1-74 2-74 3-74 4-74 1-75 2-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-75 177.5 183.3 188.2 13.8 194.4 196.9 205.0 INITIAL QUARTER P R E P A R E D B Y F E O E R A L R E S E R V E BA NK O F S T . 5 LO U IS 210.2 INCOME AND TRADE INDICATORS DEPARTMENT STORE SALES SEASONALLY ADJUSTED INDEX* 1971-100 1971-100 950 270 1971-100 350 1 - u . s . ___ _ _SMSA' S _____ — 190 270 190 - - UO 30 . . 1. . 1 . . 1 . . 1972 . . 1.. 1. . 1.. 1973 .. i .. i .. i .. 1974 L I T T L E 350 270 190 ROCK - ■i 1 i i 1 i a 1 i i 1975 NORTH .. i .. i .. i .. 1976 L I T T L E a a 1 a a 1 ■a 1 a a a a 1 a a 1 a a 1 a a 1977 1978 R O C K : AR 350 270 190 — 110 30 110 ~ d .n l.i..l,ii J i l l l.l-i-1.1 1 I. 1 1 1 1-1 1 1 1 1 1 1 1.1.1 1 1 1 1-1 l i . l . 30 — — — — 350 270 190 L O U I S V I L L E : K Y - I N S P R I N G F I E L D : 350 270 190 MO 110 30 30 110 1972 aa1 i a1 aa1 i a aa1 aa 1 aa1 aa a a1 aa1 aa1 aa aa 1 aa1 aa1 aa a a1 a a1 . . 1 . a aa1 aa1 aa1 aa 1973 1974 1975 1976 1977 1978 LATEST DATA PLOTTED. NOVEMBER P R E P A R ED BY F E D E R A L R E S E R V E BANK OF S T . LO U IS 30 INCOME AND TRADE INDICATORS DEPARTMENT STORE SALES SEASONALLY ADJUSTED __________ INDEXt 1971-100________ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING NOVEMBER 197S FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR ACO SEPTEMBER 1978 OCTOBER 1978 NOVEMBER 1978 UNITED STATES 187.7 186.2 190.5 4.8 8.0 CMV METROPOLITAN SUMMARY 182.4 182.1 184.7 3.3 4.7 277.0 288.1 295.5 -2.5 3.1 286.3 166.6 169.2 175.7 198.3 280.9 173.0 171.1 172.0 201.4 294.1 173.6 168.3 174.5 216.4 1.1 2.8 6.3 3.4 4.6 FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR LOUISVILLE: K Y - 1N MEMPHIS: TN-AR-MS ST. LOUIS: M O - 1L SPRINGFIELD: MO 5.8 -0.7 2.3 9.7 8.4 3K DATA NOT COMPARABLE, SEE INCOME AND TRADE INDICATORS, PAGE 2 U.S. DEPARTMENT STORE SALES COMPOUNDED ANNUAL RATES OF CHANCE TERMINAL QUARTER 2—74 INITIAL QUARTER 1-74 2-74 3-74 4-74 1-75 2-75 3-75 4-75 1-76 2-76 3-76 1971*100 4-76 1-77 2-77 3-77 4-77 1-78 2-78 5.2 128.1 3-74 3.2 1.3 4-74 -0.4 -3.1 -7.3 128.5 126.1 1-75 0.8 —0.6 -1.6 4.5 2-75 4.7 4.5 5.6 12.8 21.6 3-75 5.3 5.3 6.3 11.3 14.8 4-75 5.3 5.3 6.2 9.8 11.7 7.0 5.7 1-74 5.9 6.1 6.9 10.0 11.4 8.1 8.1 10.5 127.5 133.9 8.3 136.6 138.5 142.0 2-76 5.6 5.6 6.3 8.7 9.6 6.7 6.2 6.5 2.6 3-76 6.1 6.2 6.9 9.1 9.9 7.6 7.5 8.1 6.9 11.4 142.9 4-76 7.2 7.4 8.1 10.2 11.1 9.4 9.6 10.6 10.7 14.9 146.8 18.6 153.2 155.5 1-77 7.1 7.3 7.9 9.8 10.4 8.9 9.0 9.7 9.5 11.9 2-77 7.2 7.4 8.0 9.6 10.2 8.9 8.9 9.5 9.3 11.1 11.0 7.3 8.5 3-77 8.5 8.7 9.4 11.0 11.7 10.7 11.0 11.7 12.0 13.9 14.6 13.3 17.0 26.2 4-77 10.0 10.3 11.1 12.8 13.5 12.8 13.3 14.3 14.8 17.0 18.1 18.0 22.3 29.8 33.5 1-78 8.6 8.9 9.4 10.8 11.4 10.5 10.7 11.3 11.4 12.7 12.9 11.8 13.3 15.0 9.7 -9.8 2-78 9.3 9.5 10.1 11.5 12.0 11.3 11.5 12.1 12.3 13.6 13.9 13.2 14.6 16.2 13.0 4.0 3-78 9.0 9.2 9.7 10.9 11.4 10.7 10.9 11.3 11.4 12.5 12.6 11^3 12.7 1-74 2-74 3-74 4-74 1-75 2-75 3-75 4-75 1-76 2-76 3-76 4-76 1-77 6.1 158.7 2-77 168.2 180.8 176.2 20.0 1 8 4 .4 10.6 __3.9 11.6 __3.7_____ _______ 186.1 3-77 1-78 4-77 2-78 INITIAL QUARTER P R E P A R E D B Y F E D E R A L R E S E R V E BA N K O F S T . 7 LO U IS INCOME AND TRADE INDICATORS NEW PASSENGER CAR REGISTRATIONS11 SEASONALLY ADJUSTED INDEXt 1974-100 1974-100 1974-100 225 175 125 75 25 KENTUCKY 225 175 125 75 25 225 175 125 75 25 225 175 125 75 25 225 175 125 75 25 8 INCOME AND TRADE INDICATORS NEW PASSENGER CAR REGISTRATIONS11 SEASONALLY ADJUSTED __________ INDEX. 1974-100________ IMPORTED DOMESTICALLY PRODUCED CMV STATE SUMMARY ARKANSAS KENTUCKY MISSISSIPPI MISSOURI TENNESSEE SEPTEMBER 1978 OCTOBER 1978 NOVEMBER 1978 122.0 125.4 124.3 -19.2 135.7 119.5 135.7 123.5 142.9 120.8 -20.4 -3.4 3.1 118.7 118.4 129.1 10.1 1.0 121.8 116.2 156.6 109.7 107.1 118.5 125.2 122.1 137.0 112.3 123.6 179.6 155.2 105.2 106.0 13.2 113.9 58.4 9.0 -71.0 8.1 5.2 25.7 10.9 -18.5 i o> • UNITED STATES U. COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING NOVEMBER 1978 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR AGO 2.8 U.USED WITH THE PERMISSION OF R. L. POLK AND COMPANY I2.NEW PASSENGER CAR RETAIL SALES P R E P A R ED BY F E D E R A L R E S E R V E BANK OF S T . 9 LO U IS INCOME AND TRADE INDICATORS FARM CASH RECEIPTS SEASONALLY ADJUSTED INDEX* 1971-100 19 71-100 360 1971-100 360 --------------------1 ____ - u.s. STATES ____ 280 280 A. 200 A. A .. 1.. 1.. 1.. 1972 120 .. 1.. 1.. 1.. 1973 1 1 1 11 11 11 11 .. 1.. 1.. 1.. 1975 1974 111 200 »— 200 .. i .. i .. i .. 1976 i i 1 i i 111 1 i i 11 1 l 11 111 1 1 1977 1978 ARKANSAS 360 280 J* Nr \ rj 120 — _ 40 A v / - - " ^ - AW 360 -_,A A A > r \ -\ 280 200 120 120 40 40 111■1.1.1111I.1 111111111i 1 111l.l.t.I.L.ll-l. ■.i■■i■■i■■ 11111Lii.1j.x. ii1it1ii1,ii 11111.111111 KENTUCKY 40 360 280 200 120 40 MISSOURI 360 280 200 120 40 10 INCOME AND TRADE INDICATORS FARM CASH RECEIPTS SEASONALLY ADJUSTED __________ INDEXt 1971-100________ COMPOUNDED ANNUAL RATES OF CHANCE 3 MONTHS END INC NOVEMBER 1978 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR AGO SEPTEMBER 1978 OCTOBER 1978 NOVEMBER 1978 UNITEO STATES 203.8 219.6 218.0 37.1 16.1 CMV STATE SUMMARY 219.8 232.6 198.1 11.0 10.2 ARKANSAS 274.2 252.1 186.3 -8.4 0.5 KENTUCKY 245.1 192.0 258.0 40.0 11.7 MISSISSIPPI 237.6 180.4 145.3 -55.9 2.7 MISSOURI 210.5 238.5 224.2 170.4 20.7 TENNESSEE 212.3 285.0 229.6 65.7 27.9 STATE SUMMARY—FARM CASH RECEIPTS COMPOUNDED ANNUAL RATES OF CHANCE TERMINAL QUARTER *-73 1-7* 2-7* _____3-7* *—7* 1-75 INITIAL QUARTER 1-7* 2-7* 3-7* *—7* 1-75 2-75 3-75 *-75 1-76 2-76 1971*100 3-76 *-76 1-77 2-77 3-77 *-77 1-78 2-78 22.9 173.0 -12.8 -38.2 153.* -12.2 -25.8 -11.0 *•1 -1.5 2*.3 1*9.0 73.5 171.0 -12.3 -19.* -11.9 -12.3 -55.7 139.5 2-75 -0.* -*.5 6.5 13.1 -8.7 88.2 3-75 6.3 3.8 15.1 22.8 9.* 71.9 57.0 *-75 -2.2 -5.* 1.6 *•3 -8.1 17.2 -7.6 —*5.6 1-76 2.9 0.7 8.0 11.5 2.1 25.7 9.9 -8.0 55.* 2-76 7.1 5.* 12.7 16.6 9.1 30.7 19.3 8.8 53.9 163.* 182.9 157.1 175.* 52.5 19*.9 3-76 0.5 -1.5 3.7 5.7 -1.5 12.6 1.6 -8.9 8.1 -9.8 —*6.6 *-76 2.9 1.3 6.* 8.5 2.3 15.3 6.3 -1.7 1*.0 2.8 -15.6 33.6 1-77 *.8 3.* 8.* 10.6 5.2 17.2 9.5 3.1 17.2 9.2 -2.3 32.1 2-77 2.9 1.5 5.8 7.5 2.5 12.5 5.5 -0.3 10.2 2.9 -6.7 12.3 3.0 -18.8 3-77 2.3 1.0 *.9 6.3 1.7 10.5 *.2 -1.0 7.8 1.* -6.5 7.5 0.0 -12.5 *-77 *•5 3.3 7.2 8.7 *•6 13.1 7.5 3.0 11.6 6.* 0.2 13.7 9.2 2.9 15.8 *2.3 195.6 1-76 8.6 7.8 11.8 13.7 10.0 18.7 13.8 10.2 19.2 15.* 10.9 25.2 23.6 21.9 39.5 69.8 102.7 233.* 2-78 6.6 5.7 9.* 10.9 7.* 15.0 10.3 6.8 i*.3 10.5 6.1 17.0 1*.5 11.5 20.7 31.1 25.8 -21.9 219.* 3-78 6.0 5.2 8.5 9.9 6.6 13.5 9.1 5.9 12.5 8.9 *.9 l*.l 11.6 . CD 15.2 21.2 1*.8 -13.6 -*.3 *-73 1-7* 2-7* 3-7* *— 7* 1-75 2-75 3-75 *-75 1-76 2-76 3-76 *-76 1-77 2-77 3-77 *-77 2-78 166.6 179.1 30.7 191.5 181.8 -5.8 179.1 1-78 ____217.0 INITIAL QUARTER P R E P A R E O B Y F E D E R A L R E S E R V E BA NK O F S T . LO U IS EMPLOYMENT INDICATORS TOTAL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1971-100 1971-100 1971-100 135 125 115 105 95 KENTUCKY 12 135 125 115 105 95 EMPLOYMENT INDICATORS TOTAL EMPLOYMENT SEASONALLY ADJUSTED __________ INDEXi 1971" IOO________ OCTOBER 1978 NOVEMBER 1978 DECEMBER 1978 121.0 118.7 114.5 120.9 127.7 121.2 119.4 114.8 123.0 127.7 126.4 113.4 124.1 121.1 116.8 122.2 114.0 111.6 133.6 117.8 107.3 128.1 114.6 120.4 UNITED STATES CMV STATE SUMMARY 117.8 113.7 CMV METROPOLITAN SUMMARY 120.3 ARKANSAS 125.4 FORT SMITHi AR-OK LITTLE ROCK-NORTH 125.5 LITTLE ROCKi AR 112.9 PINE BLUFF: AR KENTUCKY 125.4 EVANSVILLE: IN-KY 120.4 116.0 LOUISVILLE: KY-IN 120.2 MISSISSIPPI 115.6 MISSOURI 110.9 ST. LOUIS: MO-1L 132.0 SPRINGFIELD: MO 116.2 TENNESSEE 106.7 MEMPHIS: TN-AR * 19TB DATA NOT COMPARABLE VITH PREVIOUS OATA COMPOUNDED ANNUAL RATES OF CHANCE 5 MONTHS END INC DECEMBER I97S FROM SAME FROM PREVIOUS MONTHS A YEAR ACO 5 MONTHS 3.9 1.4 * -1.7 0.9 4.1 5.9 5.0 -1.0 -1.3 -4.3 -3.8 -0.3 4.4 3.2 9.7 3.6 4.8 8.5 124.6 121.5 116.5 123.8 114.3 111.8 133.3 117.5 106.8 -1.9 -2.3 0.8 3.2 3.6 0.0 2.5 S 3.7 2.6 0.8 14.1 10.4 STATE SUMMARY-TOTAL EMPLOYMENT _____________________________________________ COMPOUNDED ANNUAL RATES OF CHANGE______________________________________________________ TERMINAL QUARTER 1971*100 INITIAL QUARTER 1-74 2-74 2-74 4.1 3-74 2.2 0.4 4-74 -0.4 -2.9 1-75 3-74 4-74 1-75 2-75 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 110.1 110.2 -6.0 108.5 -3.0 -5.3 -8.0 -9.9 2- 7?__ -2.7 -».+ -5.9 -5.9 -1.5_________________________________________________________________________________________________ 105.3 3- 75__ -1.5 -2.6 -3.3 -2.3 1.7 5.0__________________________________________________________________________________________ 106.6 4-75 -0.4 -1.1 -1.4 -0.2 3.3 5.8 6.5 1-76 0.5 0.1 0.0 1.3 4.3 4.3 6.9 7.2 2-76 0.8 0.4 0.4 1.5 4.0 5.4 5.5 5.0 2.9 3-76 0.7 0.3 0.3 1.2 3.2 4.2 3.9 3.1 1.1 4-76 0.9 0.6 0.6 1.5 3.3 4.1 3.9 3.2 1.9 1.4 3.7 1-77 1.4 1.2 1.3 2.1 3.8 4.5 4.5 4.0 3.3 3.4 5.5 7.3 2-77 1.8 1.6 1.7 2.5 4.0 4.7 4.7 4.4 3.8 4.1 5.7 6.7 3-77 1.7 1.5 1.6 2.3 3.6 4.2 4.1 3.8 3.2 3.3 4.3 ----- 4-7? 1*9 .Ail...- 4 * 3 4»P 3t? U? 108.3 110.2 111.0 -0.7 .M 110.6 111.8 113.8 6.1 3.2 115.5 0.3 -AtS... - A L L - 3 . L 115.6 ___ 2*2________________________________ 117,1 1-79____ 2*0___ Isi___ 1*9___J*6___1*T_________ 4*1___2*!___2*4___ 2*2___4*2___4*2___ 2*4__ £ * £ ___4*S___ 2*2__________________________117.9 2-72 1»«___ 1*2___L*7___2*a___3*a___3*2___2*4___3.6 2.9 2.9___ 3±S___ 2*4___ 2.7 1.0 2.3 0.9 -1.0___________________ 117.6 3-78 1.6 1.4 1,5 2.0 2.9 3.3 3.2 2.8 2.4 2.4 2.8 2.6 1.9 1.0 1.2 -0.1 -1.5 4-78 1.8 U1 1.8 2.3 3.1 3.5 3.4 3.1 2.7 2.7 3.1 3.0 2.4 1,8 2,1 __1,4 0.9 1-74 2-74 3-74 4-74 1-75 2-75 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 -2.0 117.0 1.9___5.9______ 118.7 2-78 3-78 INITIAL QUARTER P R E P A R E D BY F E D E R A L R E S E R V E BANK O F S T . 13 LO U IS EMPLOYMENT INDICATORS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT PERCENT 12 9 6 3 0 12 9 6 3 0 MISSOURI 12 — — 9 6 3 T i-U.i..b iJ-t-i- ■■i ■■i ■■i ■■ ■i l l , l u l u - 1. 1.-til . 1. 1- . . I i . I m I m . . 1. . 1. . 1.1 ■. 1. . 1. . 1■" 0 12 9 6 3 0 14 EMPLOYMENT INDICATORS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT OCTOBER NOVEMBER DECEMBER DECEMBER SEPTEMBER 5.8 6.1 5.6 7.9 9.3 5.8 6.0 5.7 8.5 10.9 5.9 5.7 5.4 7.6 9.9 5.8 5.9 5.6 8.0 10.0 6.0 6.1 5.8 6.7 7.2 6.3 5.7 8.5 5.1 6.9 4.8 7.0 4.6 5.0 4. 1 6.0 8.9 5.2 5.9 5.1 7.2 4.8 5.1 4.3 6.3 6.2 5.1 7.2 5.3 5.6 5.3 7.9 5.2 5.8 4.3 6.4 6.1 1978 UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITHi AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR EVANSVILLE: IN-KY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR 1978 1978 5.9 9.3 5.3 5.1 5.3 7.6 4.8 5.2 4.3 6.6 6.6 KENTUCKY MONTHLY AVERAGE 3 MONTHS ENDING 8.8 5.1 5.6 5.1 7.0 4.9 5.3 4.4 6.3 6.3 6.1 5.7 1978 1978 C I V I L I A N LABOR FORCE SEASONALLY ADJUSTED THOUSANDS OF PERSONS OCTOBER 1978 UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY NOVEMBER 1978 DECEMBER 1978 COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING DECEMBER 1 FROM SAME MONTHS A FROM PREVIOUS YEAR AGO 3 MONTHS 101,076.9 7,669.2 2,403.3 924.0 82.5 101,628.0 7,720.1 2,423.4 934.7 85.4 101,866.9 7,737.0 2,421.0 941.3 84.5 3.1 5.0 4. 1 4.9 11.7 3.0 1.4 * -0.1 4.6 175.7 36.0 1,558.3 138.1 417.5 964.7 2,245.1 1,070.7 100.8 177.6 36.0 1,563.1 139.7 419.6 975.4 2,255.2 1,078.9 102.1 179.0 36.2 1,570.9 142. 1 417.0 987.3 2,253.6 1,077.1 101.6 -0.9 3.4 -1.0 5.9 2.1 6.4 1.5 1.8 8.3 -0.4 1.7 1.3 4.4 3.5 -0.5 1,971.7 1,994.1 382.9 384.0 * 1971 OATA NOT COMPARABLE WITH PREVIOUS OATA 1,984.2 379.6 13.7 11.1 3.1 1.2 ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR P R E P A R E O B Y F E D E R A L R E S E R V E BANK O F S T . 15 1.5 K 2.8 LO U IS EMPLOYMENT INDICATORS AVERAGE HOURLY EARNINGS MANUFACTURING AVERAGE WEEKLY HOURS WORKED MANUFACTURING SEASONALLY ADJUSTED SEASONALLY ADJUSTED HOURS PER WEEK DOLLARS PER HOUR KENTUCKY 8 48 — 6 — 44 4 t 0 ■II1111111II u ~ - 36 -iiLi.il ulu n 1n 1n in ulnlnlu 1l l l i l i l l l L n 1i i 1i i 1i7 ! 0 IiiLli-Lu .1ill ill ill I.iilulnln nliUi-iJi-L MISSISSIPPI 8 48 — 6 — 44 40 -T V 4 2 1 w 2 40 — 36 iiUilnln ■111lllllll! Illllllllll 1tlII1II1II ulnlii.ii/* 0 0 iilull ilii Ill IIlull! Illllllllll lllllll tin uli diilij- -------— — > — >i 1 1 - MISSOURI 4 --- ^ 0 nlulnLu nlnlulii iilnlulu. illllllllll Li1II1-1111.L 40 lllllll,iiil iilulnln ill11 111 1n uliilnln iiliilii-liTZg 0 TENNESSEE 8 — 48 44 — 40 4 /— 2 0 44 36 2 6 48 i i i n i i i i i i I l l l l l l l l l l 1974 1975 I l l l l l l l l l l I l l l l l l l l l l I l l l l l l l l l l I l l l l l l l l l l l l l l l l l till I l l l l l l l l l l I l l l l l l l l l l 1976 1977 1978 1974 1975 1976 1977 L A T E S T DATA P L O T T E D * DECEM BER " 1978 P R E P A R ED BY F E D E R A L R E S E R V E BANK OF S T . 16 LO U IS 36 EMPLOYMENT INDICATORS AVERAGE HOURLY EARNINGS - MANUFACTURING SEASONALLY ADJUSTED _________ DOLLARS PER HOUR________ UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITHt AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR OCTOBER 1978 NOVEMBER 1978 DECEMBER 1978 6.32 5.62 6.80 6.38 5.70 6.91 4.92 4.99 6.43 5.71 4.85 4.93 5.61 6.12 5.52 6.12 6.44 7.27 4.65 6.37 7.27 5.52 6.51 7.34 4.69 6.55 7.40 5.57 5.27 6.10 5.23 5.95 6.93 4.88 5.11 5.59 6.29 6.60 7.39 4.68 6.53 7.35 5.63 5.31 6.14 COMPOUNDED ANNUAL RATES OF CHANCE 3 MONTHS ENDING DECEMBER 1978 FROM SAME MONTHS A FROM PREVIOUS YEAR AGO 3 MONTHS 9.0 9.6 8.8 11.2 13.6 12.6 8.1 7.0 10.3 8.1 1.8 11•6 15.0 14.7 5.2 20.9 13.4 7.5 10.2 10.1 9.9 19.6 11.3 9.4 9.5 8.2 7.9 10.3 9.1 10.1 AVERAGE WEEKLY HOURS WORKED - MANUFACTUR1NG SEASONALLY ADJUSTED MONTHLY AVERAGE 3 MONTHS ENDING __________ HOURS PER WEEK UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR OCTOBER 1978 NOVEMBER 1978 DECEMBER 1978 DECEMBER 1978 SEPTEMBER 1978 40.5 39.9 40.4 39.2 38.5 40.7 40.2 40.7 39.8 39.7 40.7 40.2 40.7 39.9 38.8 40.6 40.1 40.6 39.6 39.0 40.4 39.7 40.0 42.4 39.8 40.2 39.7 39.9 41.1 38.4 40.9 41.4 39.9 39.6 40.2 40.6 41.2 39.3 40.3 40.5 39.2 42.1 40.3 40.2 40.1 40.5 41.5 40.1 40.0 42.0 40.0 40.0 40.0 40.3 41.3 39.3 40.3 40.0 39.1 42.9 39.2 40.5 39.9 39.4 40.5 39.2 40.2 40.0 40.3 39.6 40.3 40.0 40.3 39.7 38.3 P R E P A R E D B Y F E D E R A L R E S E R V E BANK O F S T . 17 LO U IS EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT - SELECTED INDUSTRIES* SEASONALLY ADJUSTED INDEXt 1 9 7 2 - 1 0 0 1972-100 140 120 CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS 1 1972-10 0 140 u.s. _____ STATES 120 100 100 80 80 60 I j.L> i-Lt-j-Li j- i i 1i i 1i i 1i i ■ i l l . I m I m 1L 11 l l 11 [1J ■ ■ i ■ ■ i . ■ i ■. CONSTRUCTION 18 1J 1 11 1 11 1 1 1 1 J-ll-L.1 1 ± A 1 -L- 60 PAYROLL EMPLOYMENT - SELECTED EMPLOYMENT INDICATORS INDUSTRIES* SEASONALLY ADJUSTED __________ INDEXi 1972-100________ UNITED STATES CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE TEXTILE, APPAREL, AND LEATHER CMV STATE SUMMARY CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE TEXTILE, APPAREL, AND LEATHER ARKANSAS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE PAPER AND PRINTING TEXTILE, APPAREL, AND LEATHER KENTUCKY CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS NONELECTRICAL MACHINERY TEXTILE, APPAREL, AND LEATHER MISSISSIPPI CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE TEXTILE, APPAREL, AND LEATHER TRANSPORTATION EQUIPMENT MISSOURI CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS PAPER AND PRINTING TEXTILE, APPAREL, AND LEATHER TRANSPORTATION EQUIPMENT TENNESSEE CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE PAPER AND PRINTING TEXTILE, APPAREL, AND LEATHER COMPOUNDED ANNUAL RATES OF CHANGE 5 MONTHS ENDING DECEMBER 1978 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR AGO OCTOBER 1978 NOVEMBER 1978 DECEMBER 1978 111.8 111.7 109.6 95.5 101.9 112.5 112.3 110.3 97.0 103.1 113.1 113.0 110.7 97.9 103.7 4.0 5.9 4.9 3.8 6.0 2.9 11.1 5.1 -0.1 1.9 92.5 92.5 92.7 0.4 -0.9 115.1 115.0 107.0 105.9 98.3 113.6 116.9 108.1 105.6 99.2 115.0 118.4 109.5 106.3 100.3 -2.8 9.0 0.7 7.6 3.1 13.5 1.1 0.9 SI.8 93.1 93.1 -2.1 -1.9 114.2 125.8 114.8 93.3 134.1 116.6 130.5 117.4 93.9 132.8 118.5 T32.0 117.8 94.6 133.1 11.4 1.7 4.8 -0.6 4.0 2.0 1.5 -0.7 6.3 91.9 92.0 89.0 -7.9 -6.7 129.6 129.8 89.1 98.4 131.9 130.4 131.1 90.4 97.0 133.3 133.1 127.8 91.8 98.6 136.4 2.5 -0.9 -13.0 -1.6 22.0 3.0 9.9 0.4 0.3 7.9 92.0 93.4 91.5 -3.0 -2.2 118.8 134.0 117.1 124.1 133.7 118.9 103.8 8.0 102.8 119.3 132.6 118.7 103.3 -2.4 7.8 3.0 2.9 7.4 96.9 116.9 96.4 115.7 96.9 124.9 -3.2 9.6 -5.8 -14.6 109.4 103.7 94.0 99.6 109.8 103.6 94.0 109.4 104.9 95.0 99.5 3.0 2.7 3.5 3.2 2.7 -1.4 86.4 85.8 113.0 -5.8 26.1 0.9 5.1 109.1 -4.3 111.7 101.4 112.7 109.7 115.1 111.7 103.3 111.8 0.7 25.4 1.4 0.9 13.6 0.9 122.9 124.5 0.7 101.0 86.0 111.6 111.5 108.2 109.3 113.5 100.4 112.9 112.0 119.2 0.0 -6.8 11.6 1.2 20.0 2.8 2.6 1.1 2.2 2.2 -0.3 XALL CATEGORIES ARE MANUFACTURING EXCEPT CONSTRUCTION. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 19 EMPLOYMENT INDICATORS MANUFACTURING EMPLOYMENT NONMANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972-100 1972-100 150 130 1972-100 150 1i - u.s. STATES , 130 — 110 no 90 90 70 j il 1 1 1n 1n n l n l n l n n l n l n l n ,lji.U,lnl.LL -U.LnLll.ia. 1974 1975 1976 1977 ARKANSAS 150 — i 1 i 110 1 1 1i 130 70 1978 — 130 110 90 70 150 90 ■111 11.11 1111i. ii L i I i i L l l ■l i 1 i .lL . i 111 II 1111 II 1II nlnlnln. ■uJuliiln KENTUCKY nlnlnln nlnlnln. n ln ln ln n ln ln ln 70 150 130 110 90 70 20 EMPLOYMENT INDICATORS MANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED __________ INDEX. 1972-100________ UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH. AR-OK LITTLE ROCK-NORTH LITTLE ROCK. AR PINE BLUFF: AR KENTUCKY EVANSVILLE. IN-KY LOUISVILLE. KY-IN MISSISSIPPI MISSOURI ST. LOUIS. MO-1L SPRINGFIELD. MO TENNESSEE MEMPHIS. TN-AR COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING DECEMBER 197S FROM SAME MONTHS A FROM PREVIOUS 3 MONTHS YEAR AGO OCTOBER 1978 NOVEMBER 1978 DECEMBER 1978 106.5 106.9 99.8 114.5 123.0 107.6 107.7 99.6 116.0 126.6 108.1 108.7 100.9 116.9 130.7 5.4 5.0 5.4 1.4 5.2 3.6 1.4 1.8 0.5 4.3 106.2 106.1 109.8 101.6 101.1 111.7 101.0 97.0 97.1 105.9 101.7 106.0 106.6 109.7 101.3 98.1 111.8 101.7 97.5 99.5 107.1 101.3 106.2 105.4 112.0 102.8 98.3 112.9 102.3 97.8 96.7 107.9 101.2 -1 .9 8.8 8.4 2.8 14.0 3.6 7.0 6.0 6.8 3.1 -2.7 -3.4 -3.2 3.9 2.4 1.0 -0.5 1.8 2.5 -0.2 0.9 2.8 NONMANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED __________ INDEX. 1972" 100________ UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH. AR-OK LITTLE ROCK-NORTH LITTLE ROCK. AR PINE BLUFF. AR KENTUCKY EVANSVILLE. IN-KY LOUISVILLE. KY-IN MISSISSIPPI MISSOURI ST. LOUIS. MO-1L SPRINGFIELD. MO TENNESSEE MEMPHIS. TN-AR COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING DECEMBER IGTS FROM SAME MONTHS A FROM PREVIOUS YEAR ACO 3 MONTHS OCTOBER 1978 NOVEMBER 1978 DECEMBER _ 1878 121.3 123.0 117.5 129.5 128.0 121.8 123.2 117.8 129.5 128.5 122.0 123.7 118.2 130.4 129.5 3.0 4.3 4.2 4. 1 6. 1 4.3 3.7 3.3 4.0 4.5 124.9 118.2 131.9 121.5 124.6 128.1 126.0 119.4 132.0 122.0 125.2 128.6 114.6 113.1 130.1 122.9 114.5 126.8 119.2 131.6 121.7 125.7 129.2 115.1 113.3 130.0 123.6 114.7 0.3 -2.3 6.0 2.0 9.1 3.5 2.3 2.4 6.2 2.4 7.8 5.2 2.1 2.9 5.7 2.0 2.7 3.8 3.3 1.0 114.5 112.8 129.7 122.4 114.4 8.2 5.0 P R E P A R E O BY F E D E R A L R E S E R V E BA NK O F S T . LO U IS EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX. 1972“ 100 1972-100 1972-10 0 KENTUCKY 130 120 110 100 90 22 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972-100 1972-100 1972-100 LATEST DATA PLOTTEO: DECEMBER P R E P A R E D BY F E D E R A L R E S E R V E BANK O F S T . 23 LO U IS EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEXi 1972-100________ OCTOBER _ 1978 UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITHi AR-OK LITTLE ROCK-NORTH LITTLE ROCKt AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR NOVEMBER 1978 DECEMBER 1978 COMPOUNDED ANNUAL RATES OF CHANCE 3 MONTHS END INC DECEMBER 1978 FROM PREVIOUS 3 MONTHS FROM SAME MONTHS A YEAR ACO 117.5 118.1 112.5 124.6 126.4 118. 1 118.6 112.7 125.2 127.7 118.4 119.3 113.1 126.0 129.5 3.8 4.5 4.0 2.3 4.8 4. 1 3.0 2.9 3.0 4.3 121.1 116.0 125.7 114.5 116.4 122.8 111.1 108.2 121.0 117.0 111.9 121.9 116.1 126.0 114.5 116.4 125.2 122.6 116.1 126.2 115.1 117.0 123.7 0.0 1.0 5.9 1.4 9.8 111.1 108.6 121.6 117.6 111.8 111.7 108.5 120.7 118.4 112.0 1.2 1.3 5.7 2.3 5.8 3.4 1.9 2.7 2.9 2.6 1.4 3.0 2.6 3.8 6.5 7.1 3.7 STATE SUMMARY-TOTAL PAYROLL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANCE ____TERMINAL_____ QUARTER 1-7* 2-7* ___INITIAL QUARTER 3-7* *-7* 2-7* 2.3 3-7* 1.1 0.0 *—7* -0.7 -2.2 -*.* 1-75 -3.0 -*.7 -6.9 -9.* 1-75 2-75 3-75 *-75 1-76 2-76 3-76 1972«100 *-76 1-77 2-77 3-77 *-77 1-78 2-78 3-78 107.9 107.9 106.7 10*. 1 2-75 -2.7 -3.9 -5.2 -5.5 -1.5 3-75 -1.6 -2.3 -2.9 -2.* 1.3 *.3 *-75 -0.5 -0.9 -1.1 -0.3 3.0 5.3 6.2 103.7 io*.a 106.* 1-76 0.6 0.3 0.* 1.3 *.2 6.2 7.2 8.1 2-76 0.9 0.7 0.8 1.7 *•1 5.5 5.9 5.7 3.* 3-76 0.9 0.7 0.8 1.5 3.5 *•5 *•6 *•0 2.0 *-76 0.9 0.8 0.9 1.6 3.3 *•1 *•0 3.5 2.0 1.3 1.8 1-77 1.3 1.2 1.3 2.0 3.5 *.2 *•2 3.8 2.8 2.6 3.5 108.5 109.* 0.7 109.6 110.1 5.2 111.5 2-77 1.6 1.6 1.7 2.* 3.8 *•* *•5 *•2 3.* 3.* *•3 5.5 5.9 3-77 1.6 1.6 1.7 2.3 3.5 *•1 *.l 3.8 3.0 3.0 3.6 *•1 3.6 1.* 113.1 113.5 *-77 1.9 1.9 2.0 2.6 3.7 *.3 *.3 *.0 3.* 3.* *.0 *.5 *.3 3.6 5.8 1-78 2.0 2.0 2.1 2.6 3.7 *•2 *•2 *•0 3.* 3.5 3.9 *•3 *.l 3.6 *•6 3.5 115.1 116.1 2-78 2.1 2.1 2.3 2.8 3.8 *•2 *•2 *.0 3.6 3.6 *.0 *.* *.2 3.8 *•6 *•0 *•6 3-78 2.0 2.0 2*1 2.6 3.5 3.9 3.8 3.6 3.2 3.1 3.5 3.7 3.* 3.0 3.3 2.6 2.1 -0.3 *-78 2.1 2.1 2.2 2.7 3.5 3.9 3.9 3.7 3.3 3.3 3.6 3.8 3.6 3.2 3.6 3.0 2*9 2.1 9.5 1-7* 2-7* 3-7* *—7* 1-75 2-75 3-75 *-75 1-76 2-76 3-76 *-76 1-77 2-77 3-77 *-77 1-78 2-78 3-78 117.* 117.3 ____ 118.6 INITIAL QUARTER P R E P A R E D BY F E D E R A L R E S E R V E B A N K O F S T . 24 LO U IS PRODUCTION AND PRICE INDICATORS Farm Land V alu e s i967 =ioo 420 380 340 300 260 220 180 140 100 60 20 March data for 1958-70; March and November data for 1971-75, and February and November data for 1976-78 FARM LAND VALUES Index 1967-100 Compounded Annual Rates of Change Feb. 1978 Nov. 1977 to to Nov. 1978 Nov. 1978 Feb. 1976 Feb. 1977 Nov. 1977 Feb. 1978 Nov. 1978 United States 242 283 296 308 332 10.5 12.2 CMV State Summary 243 302 323 338 364 10.4 12.7 213 260 244 239 205 241 251 238 353 321 281 217 284 275 250 372 351 304 232 301 288 261 390 361 317 249 325 307 290 417 397 334 274 343 325 15.1 9.3 13.5 7.2 13.6 7.5 7.9 16.0 12.1 13.1 9.9 18.1 14.0 12.8 Arkansas Illinois Indiana Kentucky Mississippi Missouri Tennessee 25 PRODUCTION AND PRICE INDICATORS ELECTRIC POWER CONSUMPTION SEASONALLY ADJUSTED INDEX: 1971-100 CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS MO 120 100 ELECTRICAL MACHINERY 80 60 MO 120 100 80 60 26 PRODUCTION AND PRICE INDICATORS ELECTRIC POWER CONSUMPTION SEASONALLY ADJUSTED __________ INDEX. 1971 "100________ UNITED STATES TOTAL MANUFACTURING AND MINING EIGHTH DISTRICT TOTAL MANUFACTURING AND MINING MANUFACTURING DURABLES ELECTRICAL MACHINERY FABRICATED METALS LUMBER AND FURNITURE NONELECTRICAL MACHINERY OTHER DURABLES PRIMARY METALS STONE, CLAY, AND CLASS TRANSPORTATION EQUIPMENT NONDURABLES CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS FOOD, BEVERAGES AND TOBACCO PAPER AND PRINTING TEXTILE, APPAREL, AND LEATHER MINING COMPOUNDED ANNUAL RATES OF CHANCE 3 MONTHS END INC DECEMBER »0T» FROM SAME FROM PREVIOUS MONTHS A YEAR ACO ___3 MONTHS__ OCTOBER 1978 NOVEMBER 197B__ DECEMBER __1978__ 125.4 126.6 126.3 1.6 5.1 117.1 114.9 118.5 -5.4 -0.7 116.7 114.5 117.0 -5.7 -0.2 129.7 100.4 140.5 195.8 142.4 148.7 159.5 108.0 118.7 126.5 95.9 159.4 195.5 142.8 145.0 152.2 105.4 121.1 121.0 106.5 146.5 200.8 145.8 151.0 105.8 108.7 111.9 1.6 5.6 24.6 -9.6 12.5 10.5 -15.1 -1.1 12.9 1.0 0.2 5.4 6.8 0.8 5.5 0.0 -5.6 2.0 111.7 109.8 115.2 -5.8 -0.9 110.4 106.1 118.8 -0.4 -1.5 151.9 114.5 151.5 112.7 120.0 110.2 -5.2 -4.8 6.6 1.0 86.6 85.4 88.0 -14.7 -10.5 140.6 144.4 144.7 -54.7 -18.8 P R E P A R E D BY F E D E R A L R E S E R V E B A N K O F S T . L O U I S 27 PRODUCTION AND PRICE INDICATORS VALUE OF CONSTRUCTION CONTRACTS L E T * NOT SEASONALLY ADJUSTED INDEXi 1974-100 RESIDENTIAL BUILDING NONRESI DENT IAL BUILDING KENTUCKY 530 250 170 90 10 330 250 170 90 10 330 250 170 90 330 250 170 90 10 10 330 250 170 90 10 28 PRODUCTION AND PRICE INDICATORS VALUE OF CONSTRUCTION CONTRACTS L E T * NOT SEASONALLY ADJUSTED INDEX. 1974-100 TOTAL BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH. AR-OK LITTLE ROCK-NORTH LITTLE ROCK. AR PINE BLUFF. AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE. KY-IN MISSISSIPPI MISSOURI - EAST ST. LOUIS. MO-1L SPRINGFIELD. MO TENNESSEE - WEST MEMPHIS. TN-AR-MS RESIDENTIAL BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH. AR-OK LITTLE ROCK-NORTH LITTLE ROCK. AR PINE BLUFF. AR KENTUCKY EVANSVILLE. IN-KY LOUISVILLE. KY-IN MISSISSIPPI MISSOURI - EAST ST. LOUIS. MO-1L SPRINGFIELD. MO TENNESSEE - WEST MEMPHIS. TN-AR-MS NONRESIDENT 1AL BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH. AR-OK LITTLE ROCK-NORTH LITTLE ROCK. AR PINE BLUFF. AR KENTUCKY EVANSVILLE. IN-KY LOUISVILLE. KY-IN MISSISSIPPI MISSOURI - EAST ST. LOUIS. MO-1L SPRINGFIELD. MO TENNESSEE - WEST MEMPHIS. TN-AR-MS COMPOUNDED ANNUAL RATES OF CHANGE 3RD QUARTER 1978 4TH QUARTER 1978 4TH QTR 1977 TO 4TH QTR 1978 4TH QTR 1976 TO 4TH QTR 1977 191.4 205.9 187.0 211.3 189.9 164.2 178.2 139.1 176.4 163.6 14.7 10.1 6.4 2.8 -21.2 34.2 38.3 19.7 36.2 205.0 173.6 157.8 210.5 876.8 153.5 216.5 247.9 183.4 389.0 116.0 100.2 132.1 58.3 209.6 202.0 159.2 201.2 161.6 139.6 209.7 106.7 104.7 -19.1 -31.7 25.7 -26.2 64.6 -10.9 17.8 -1.6 -9.7 12.2 27.1 16.7 -66.7 51.2 31.5 12.4 46.3 37.9 48.2 -0.9 -4.6 -17.1 230.3 259.6 219.2 271.4 266.3 202.4 217.4 168.5 233.9 220.1 16.5 18.6 4.5 7.9 4.5 36.6 50.7 35.3 62.2 119.0 182.9 179.4 248.0 382.5 153.4 283.8 296.6 250.2 532.6 184.7 162.7 156.6 167.2 219.0 288.3 147.8 250.8 208.1 164.0 306.8 154.1 142.1 -11.8 -16.5 21.5 -2.0 31.3 32.4 16.3 1.2 -6.6 12.9 8.4 53.8 133.1 65.0 -2.1 56.8 47.0 25.5 22.5 10.3 44.4 44.5 152.1 145.5 155.0 152.8 48.1 125.5 134.1 110.0 101.4 58.1 11.8 -2.6 9.5 -10.1 -70.5 9.5 23.2 1.1 -2.8 1,132.5 160.4 149.0 166.1 1,443.2 113.0 130.8 203.2 122.0 233.9 50.1 47.3 97.1 14.2 198.5 103.2 170.9 138.0 119.0 117.1 105.0 61.2 73.1 -32.0 -63.4 31.5 -58.7 113.4 -49.3 20.3 -5.0 -18.1 10.5 77.9 -18.4 -88.1 35.3 144.2 -20.5 45.7 65.1 98.4 -22.7 -47.1 -61.5 XUSEO WITH THE PERMISSION OF OOOOE CONSTRUCTION POTENTIALS, MCGRAW-HILL INFORMATION SYSTEMS COMPANY P R E P A R E D B Y F E D E R A L R E S E R V E BA NK O F S T . 29 LO U IS PRODUCTION AND PRICE INDICATORS HOUSING PERMITS SEASONALLY ADJUSTED INDEX: 1971-100 1971-100 250 - 190 u .s . 1971-100 250 11-------------------------____ STATES _ — 130 190 130 " v 70 10 70 . . i ■ ■ i ■ ■ i ■ ■ L-L 1 L i l l i l l 1 1972 1973 m 1974 J i . I m I li 1975 1 1 1 1 11 1 1 1 1 1 1976 1977 « ‘ 1 ■■1 ■■ 1 ■ ■ 1978 KENTUCKY 10 250 190 130 70 10 250 190 130 70 10 250 190 130 70 250 190 130 70 10 10 LATEST DATA PLOTTED: DECEMBER P R E P A R ED BY F E D E R A L R E S E R V E BANK OF S T . L O U I S 30 PRODUCTION AND PRICE INDICATORS HOUSING PERMITS SEASONALLY ADJUSTED __________ INDEX. 1971-100________ OCTOBER 1978 UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS LITTLE ROCK-NORTH LITTLE ROCK: AR KENTUCKY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: MO-1L TENNESSEE MEMPHIS: TN-AR-MS NOVEMBER 1978 DECEMBER 1978 COMPOUNDED ANNUAL RATES OF CHANCE 8 MONTHS ENDING DECEMBER 1978 FROM SAME MONTHS A FROM PREVIOUS YEAR ACO S MONTHS 91.8 92.6 82.7 23.1 -5.8 90.4 66.5 64.2 -13.9 -5.0 69.8 54.1 59.2 -6.9 -5.7 91.5 70.6 100.9 -13.7 -23.2 60.2 40.9 39.4 -66.2 -35.9 81.2 67.2 82.4 52.9 49.3 42.8 31.5 72.2 -6.7 -5.7 72.6 82.5 84.7 15.3 -2.9 88.4 87.7 58.4 83.5 73.8 89.1 -43.6 3.8 -5.6 -1.3 99.7 51.5 65.6 37.4 48.4 28.0 9.5 -10.6 4.1 -5.8 STATE SUMMARY-HOUSING PERMITS COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER INITIAL QUARTER 1-7* 2-7* 3-7* *—7* 1-75 2-75 3-75 *-75 1-76 2-76 3-76 1971-10C *-76 1-77 2-77 3-77 *-77 1-78 2-78 3-78 2-7* -31.3 52.8 3-7* -*8.8 -61.8 *1.5 4—7* -56.8 -65.8 -69.3 1—75 -*2.1 -*5.3 -3*.* 2-75 -20.9 -18.0 5.8 30.9 39.8 33.6 96.* 175.8 *3.3 3-75 -11.6 -7.0 16.1 80.9 105.8 53.5 *8.2 *-75 -11.5 -7.7 10.1 51.5 55.6 16.8 -11.1 *6.8 1-76 -2.7 2.3 20.5 58.* 63.* 37.2 2-76 -7.1 -3.5 10.2 36.* 35.7 13.6 2.8 3-76 0.6 5.0 19.1 **•6 *5.* 27.9 22.2 *-76 7.9 12.9 27.* 52.1 5*.0 39.7 1-77 3.9 7.9 19.7 39.3 39.2 26.2 2-77 9.1 13.* 25.1 **•0 **•5 33.3 30.6 29.7 89.* 5* .9 10.5 -35.5 *9.2 35.9 15.1 105.* 37.1 52.8 *2.2 111.2 117.2 71.5 22.2 30.2 18.6 *5.3 22.2 -31.3 65.1 39.2 30.9 56.3 *2.7 15.7 58.9 3-77 11.9 16.2 27.5 *5.1 *5.6 35.7 33.6 *1.6 3*.9 56.3 *6.0 27; 9 *-77 8.1 11.6 21.2 35.9 35.6 26.3 23.6 28.8 21.9 35.5 2*. 7 8.5 1-78 2.7 5.5 13.* 25.* 2*.3 15.6 12.* 15.3 8.* 16.7 6.2 -7.9 2-78 5.9 8.8 16.7 28.* 27.6 19.6 16.9 20.2 1*.3 22.7 1*.0 2.* 9* .7 7 6 .9 56.* 86.0 26.* __ 1.8 -33.7 77.6 7*.5 6*.5 -0.9 -20.9 —*3.7 -52.3 10.9 -3.6 -18.0 -8.8 7*.2 7*.L_ 76.5 3-78 6.3 9.1 16.5 27.3 26.5 19.1 16.6 19.6 1*.2 21.7 1*.0 3.9 11.* -0.* -11.0 -1.9 *0.7 13.6 *-78 5.2 7.7 14.5 2*. 3 23.3 16.* 1*.0 16.3 11.3 17.5 10.5 1.5 7.3 -2.8 -11.6 -5.0 19.5 -1.1 -13.9______ 73.7- 1-7* 2-7* 3-7* *—7* 1-75 2-75 3-75 *-75 1-76 2-76 3-76 *-76 1-77 2-77 *-77 1-78 2-78 3-77 3-78 INITIAL QUARTER P R E P A R ED BY F E D E R A L R E S E R V E BANK OF S T . 31 LO U IS PRODUCTION AND PRICE INDICATORS PRICE S RECEIVED BY FARMERS - UNITED STATES NOT SEASONALLY ADJUSTED CORN i 1 i- BEEF CATTLE 350 270 190 — 110 110 30 iiJj-ilitin ■till ill i l u RICE n l n l i i l i i lit ii lulii. u l n l u l u i x I i i L x L j- BROILERS 350 270 190 30 350 270 190 — 110 30 350 270 190 110 Illl.d u t n ulnlulu SOYBEANS 30 HOGS 350 270 190 * - \ f 110 30 11.1111II1II TOBACCO MILK 350 270 190 110 30 TURKEYS 350 — 270 190 — 110 1ll11111111 lllllllllll lllllllllll lllllllllll lllllllllll 1975 1976 1974 1977 1978 P R E P A R ED BY F E D E R A L R E S E R V E BANK O F S T . 32 LO U IS 30 PRODUCTION AND PRICE INDICATORS PRI CES RECEIVED BY FARMERS - UNITED STATES NOT SEASONALLY ADJUSTED ALL FARM PRODUCTS ALL CROPS CORN RICE SOYBEANS TOBACCO UPLAND COTTON LIVESTOCK AND LIVESTOCK PRODUCTS BEEF CATTLE BROILERS HOGS MILK TURKEYS OCTOBER 1978 NOVEMBER 1978 DECEMBER 1978 192.5 186.0 155.4 143.6 213.0 186.6 244.3 190.8 186.0 159.3 146.3 217.4 180.3 250.4 197.0 190.7 164.8 150.4 220.8 178.2 238.1 i • Ul __________ INDEX. 1971-100________ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING DECEMBER 19T8 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR AGO _ 10.8 -3.9 -29.5 7.7 -5.1 25.3 10.3 -22.4 15.5 12.9 17.3 197.3 183.6 180.3 285.1 192.4 205.8 193.9 177.7 179.5 260.5 197.6 212.6 201.6 186.7 181.0 267.8 201.0 226.3 24.4 25.3 -44.5 16.6 47.4 47.5 31.3 50.2 15.7 22.6 16.0 22.3 8.9 21.6 PRICES-ALL FARM PRODUCTS COMPOUNDED ANNUAL RATES OF CHANCE TERMINAL QUARTER 1971*100 ___ INITIAL QUARTER 1-74 2-74 -41.6 3—74 -12.6 4-74 -6.3 1-75 -13.5 2-74 3-74 4-74 1-75 2-75 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 158.5 169.5 30.8 7.8 172.7 -1.4 -14.4 -32.0 156.8 18.7 -6.0 -12.2 161.8 2-75 -8.7 2.1 3-75 -3.4 6.9 1.6 -0.4 20.6 13.4 4-75 -4.7 3.3 -1.4 -3.6 8.3 5.9 -12.6 172.2 28.3 166.5 -4.6 2.3 -1.8 -3.6 5.2 2.6 -6.2 -3.6 -2.7 3.7 0.3 -0.9 6.9 5.3 -1.4 4.7 13.7 3-76 -3.1 2.5 -0.6 -1.8 4.5 2.8 -2.8 0.7 2.9 4-76 -5.2 -3.5 -4.8 -0.1 -2.2 -7.4 -6.1 1-77 -3.0 -0.9 -1.8 2.8 1.3 -2.6 -0.4 1 o • 1-76 2-76 1.6 165.0 170.4 -6.9 167.4 -6.9 -15.8 -23.8 0.4 -3.7 156.4 -2.1 25.7 15.8 165.6 2-77 -2.3 2.0 -0.3 -1.0 3.2 2.0 -1.3 0.7 1.6 -1.2 0.7 6.7 168.3 3-77 -4.1 -0.4 -2.6 -3.5 -0.1 -1.5 -4.7 -3.5 -3.5 -6.6 -6.5 0.1 -10.7 -25.2 156.5 4-77 -3.4 0.1 -1.9 -2.7 0.5 -0.7 -3.5 -2.2 -2.1 -4.5 -4.0 1.7 1-78 -1.4 2.1 0.3 -0.3 3.0 2.1 -0.2 1.3 1.9 0.3 1.5 7.6 3.4 2.4 19.8 34.4 4.5 3.0 2.7 6.0 5.4 3.5 5.3 6.3 5.4 7.3 13.6 11.3 12.5 28.9 41.6 2-78 1.0 -5.2 -10.6 159.1 6.8 171.3 189.3 49.1 3-78 1.0 4.3 2.8 2.5 5.5 4.9 3.2 4.8 5.6 4.8 6.3 11.5 9.3 9.9 21.0 26.1 22.1 0.0 4-78 1.4 4.5 3.2 2.9 5.8 5.2 3.6 5.1 5.9 5.2 6.6 11.2 9.3 9.7 18.5 21.6 17.6 4.4 8.9 1-74 2-74 3-74 4-74 1-75 2-75 3-75 4— 75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 189.3 ____ 193.4 INITIAL QUARTER P R E P A R E D BY F E D E R A L R E S E R V E BA NK O F S T . 33 LO U IS FINANCIAL INDICATORS METROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1974-100 TOTAL LOANS 1974-100 TOTAL DEPOSITS 1974-100 210 ------- 1------- 170 u .s . SUSA'S 210 , — 130 90 ^ ----- . 50 ■11a1 1ii1ii 11111111I11 11111111111 I111ll1ll11 11111111111 1974 1975 1976 1977 1978 1974 1975 EVANSVILLE: IN-KY 34 1976 1977 1978 P R E P A R E D BY F E D E R A L R E S E R V E BAMK O F S T . LO U IS FINANCIAL INDICATORS METROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED __________ INDEXi 1974-100________ TOTAL LOANS UNITED STATES ™ METROPOLITAN SUMMARY* COLUMBIA! MO EVANSVILLE: IN-KY FAYETTEV1LLES P R 1NGDALE: AR FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR LOUISVILLE: KY-IN MEMPHIS: TN-AR-MS PINE BLUFF: AR ST. LOUIS: MO-IL SPRINGFIELD: MO TEXARKANA: AR TOTAL DEPOSITS UNITEO STATES METROPOLITAN SUMMARY* COLUMBIA: MO EVANSVILLE: IN-KY FAYETTEVILLESPRINGDALE: AR FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR LOUISVILLE: KY-IN MEMPHIS: TN-AR-MS PINE BLUFF: AR ST. LOUIS: M O - 1L SPRINGFIELD: MO TEXARKANAi AR COMPOUNDED ANNUAL BATES OF CHANCE 3 MONTHS ENDING DECEMBER 1978 FROM SAME MONTHS A FROM PREVIOUS YEAR AGO 3 MONTHS OCTOBER 1978 NOVEMBER 1978 OECEMBER 1978 130.7 138.8 165.9 168.4 133.0 141.6 163.6 168.7 133.7 140.6 163.4 171.8 13.8 12.6 11.5 -1.4 13.7 13.9 14.9 19.9 211.3 166.6 212.5 170.5 213.4 170.0 7.5 15.8 11.5 10.5 161.5 154.4 99.8 155.4 136.5 120.3 170.5 167.6 156.3 105.2 149.6 139.0 124.5 168.8 152.7 157.8 103.0 152.2 140.0 127.1 174.3 -14.9 18.2 19.6 6.0 17.2 -31.5 17.3 7.1 18.2 5.2 10.4 18.2 -17.4 15.5 131.0 133.8 166.2 162.2 132.1 133.7 164.5 162.9 132.6 134.1 164.5 165.4 6.3 4.0 10.3 3.5 9.2 8.0 14.7 11.8 175.9 166.3 176.2 163.4 176.1 163.8 6.4 6.3 9.3 8.6 150.9 154.7 113.0 148.0 124.4 117.7 158.8 147.6 154.9 112.3 145.9 123.8 117.0 157.4 147.3 156.3 111.6 146.0 124.5 119.6 159.4 -6.7 9.3 1.4 1.4 7.1 -28.0 2.0 5.2 16.1 2.5 6.7 7.8 -19.8 11.1 AVERAGE NUMBER OF MEMBER BANKS STATE SUMMARY (EIGHTH DISTRICT) w METROPOLITAN SUMMARY* NONMETROPOLITAN SUMMARY ARKANSAS FAYETTEVILLESPRINGDALE: AR FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR TEXARKANA: AR NONMETROPOLITAN AREAS KENTUCKY LOUISVILLE: KY-IN NONMETROPOLITAN AREAS ILLINOIS NONMETROPOLITAN AREAS INDIANA EVANSVILLE: IN-KY NONMETROPOLITAN AREAS MISSISSIPPI NONMETROPOLITAN AREAS MISSOURI COLUMBIA: MO ST. LOUIS: M O - 1L SPRINGFIELD: MO NONMETROPOLITAN AREAS TENNESSEE MEMPHIS: TN-AR-MS NONMETROPOLITAN AREAS DECEMBER NOVEMBER 410.50 122.25 286,25 76.00 409.40 122.00 285.40 76.00 407.50 122.00 283.50 75.50 419.00 126.00 291.00 78.00 6.00 3.00 6.00 3.00 6.00 3.00 6.00 3.00 7.00 4.00 3.00 51.00 41.00 8.00 31.00 130.00 104.00 40.00 13.00 27.00 17.00 16.00 92.50 4.00 62.25 4.00 48.25 14.00 8.00 9.00 7.00 4.00 3.00 51.00 41.00 8.00 31.00 129.40 103.40 40.00 13.00 27.00 17.00 16.00 92.00 4.00 62.00 4.00 48.00 14.00 8.00 9.00 7.00 4.00 3.00 50.50 41.00 8.00 31.00 129.00 103.00 40.00 13.00 27.00 17.00 16.00 91.00 4.00 62.00 4.00 47.00 14.00 8.00 9.00 7.00 4.00 3.00 53.00 41.00 8.00 31.00 131.00 104.00 40.00 13.00 27.00 16.00 15.00 98.00 4.00 64.00 5.00 52.00 15.00 9.00 9.00 1978 . XEXCLUDES BANKS IN TWO METROPOLITAN AREAS DECEMBER OCTOBER 1978 1978 1977 . PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS 35 FINANCIAL INDICATORS NONMETROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED INDEX* 1974-100 NONMETROPOLITAN ARKANSAS NONMETROPOLITAN KENTUCKY 210 210 170 130 90 170 130 90 50 50 NONMETROPOLITAN MISSISSIPPI 210 170 130 90 50 NONMETROPOLITAN MISSOURI 210 1 11 — 1ill! lit 1lii n l u k i l u 170 130 90 50 NONMETROPOLITAN TENNESSEE 210 210 — 170 — 130 90 50 ■111*111111 11111111111 11111111111 1I111111111 I1I1111t11■ 1977 1975 1976 1978 1974 LATEST DATA PLOTTED* DECEMBER — — 1 1 1 1 1 1974 11 1 1 1 1 1 1 1 1 1 1975 11 1 1 11 1 1 1 1 1 1976 11 11 1■ 1 1 1 1 1 1977 11 l1 l 1 1 ll 1 1 1978 P R EP A R ED BY F E D E R A L R E S E R V E BANK OF S T . 36 11 1 1 l1 LO U IS 170 130 90 50 FINANCIAL INDICATORS NONMETROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED INDEXt 1974-100 ARKANSAS ILLINOIS INDIANA KENTUCKY MISSISSIPPI MISSOURI TENNESSEE TOTAL DEPOSITS NONMETROPOLITAN SUMMARY ARKANSAS ILLINOIS INDIANA KENTUCKY MISSISSIPPI MISSOURI TENNESSEE OCTOBER 1978 NOVEMBER 1978 DECEMBER 1978 167.1 167.2 167.6 10.4 « CM TOTAL LOANS NONMETROPOLITAN SUMMARY COMPOUNDED ANNUAL RATES OF CHANCE 3 MONTHS EN01NC DECEMBER 1978 FROM SAME FROM PREVIOUS MONTHS A ___3 MONTHS YEAR ACO 153.5 190.0 166.7 177.1 155.5 160.7 151.9 155.0 189.1 165.6 178.2 160.0 157.8 152.1 154.2 190.9 169.0 179.5 158.2 156.7 150.0 6.8 8.7 13.5 12.0 26.1 9.1 5.7 11.1 13.9 17.3 11.8 15.9 8.6 13.4 148.1 147.8 146.9 5.6 8.1 138.4 154.7 143.1 160.5 155.0 145.6 140.9 139.3 153.5 141.7 162.6 157.4 142.5 141.9 138.1 153.9 143.2 162.7 156.6 139. 1 139.1 4.4 2.4 4.6 11.1 21.7 0.8 6.5 6.5 7.6 9.7 9.0 14.1 4.6 12.4 MEMBER BANK DATA BY STATE SEASONALLY ADJUSTED INDEXi 1974- 100 COMPOUNDED ANNUAL RATES OF CHANCE 3 MONTHS ENDING DECEMBER 1978 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR ACO OCTOBER 1978 NOVEMBER 1978 DECEMBER 1978 146.6 148.5 147.9 11.6 160.8 165.6 161.3 161.0 157.1 140.8 105.4 163.4 166.2 161.2 162.8 161.4 142.0 110.2 158.2 169.8 163.9 164.1 159.1 142.4 108.1 -0.5 7.0 3.0 15.9 24.5 14.8 17.7 138.6 138.4 138.3 4.5 148.0 138.8 148.4 158.3 158.1 130.9 115.9 146.9 138.4 147.0 159.0 159.8 129.2 115.8 146.0 139.8 148.4 160.4 159.2 127.9 114.9 TOTAL LOANS STATE SUMMARY (EIGHTH DISTRICT ) ARKANSAS ILLINOIS 1N D 1ANA KENTUCKY MISSISSIPPI MISSOURI TENNESSEE 13.5 9.8 11.6 18.3 16.9 16.0 16.3 6.4 IQ.TAL DEPOSI T? STATE SUMMARY (EIGHTH DISTRICT) ARKANSAS ILLINOIS INDIANA KENTUCKY MISSISSIPPI MISSOURI TENNESSEE 1.1 2.0 3.6 10.7 21.0 3.8 2.5 8.0 6.8 4.4 11.1 13.9 14.9 7.7 3.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 37 FINANCIAL INDICATORS SAVINGS AND LOAN ASSOCI ATI ON DATA SEASONALLY ADJUSTED INDEX: 1974-100 240 200 160 120 80 TENNESSEE — 240 — 200 160 120 iiii1111111 11111111111 11111111111 11111111111 11111111111 80 1977 1975 1976 1978 1974 P R E P A R E D BY F E D E R A L R E S E R V E BA NK O F S T . 38 LO U IS FINANCIAL INDICATORS SAVINGS AND LOAN ASSOCI ATI ON DATA SEASONALLY ADJUSTED __________ INDEX. 1974-100________ DECEMBER 1978 COMPOUNDED ANNUAL RATES OF CHANCE 3 MONTHS ENDING DECEMBER 1978 FROM SAME MONTHS A FROM PREVIOUS y ea r AGO ___L MONTHS OCTOBER .. 1978. NOVEMBER 19TB 181.0 182.5 174.2 193.3 180.2 182.9 184.5 175.7 195.9 182.4 184.7 185.9 176.8 198.2 184.4 15. 1 14.4 13.0 16.9 15.1 11.5 11.8 10.5 14.5 12.9 180.2 168.6 178.3 167.3 225.6 173.7 175.2 157.9 185.0 178.9 181.4 170.3 179.1 168.0 228.1 175.4 177.0 159.4 187.0 180.2 182.7 170.0 181.4 168.8 230.2 176.8 178.8 162.7 188. 1 180.9 10.3 16.9 8.7 9.6 18.3 13.6 14.5 9.3 15.2 13.7 10.9 11.4 11.0 7.9 12.8 10.5 10.8 12.0 13.2 10.8 175.3 181.6 169.2 193.9 187.9 177.5 183.8 171.3 195.6 189.2 179.1 185.5 173.3 197.3 190.9 14.0 14.2 14.2 14.0 13.0 14.0 14.9 13.6 13.7 12.9 176.1 166.2 179.1 163.4 207.6 173.9 169.1 169.7 185.8 168.1 177.9 166.6 180.7 164.2 210.9 175.7 171.7 171.5 188.9 171.6 179.6 165.3 182.2 165.9 214.0 177.2 173.7 173.8 191.4 173.1 15.0 2.0 10.6 9.3 17.7 13.8 15.6 18.1 17.9 15.4 9.7 9.9 13.7 12.2 15.1 14.5 13.9 20.4 17.6 15.8 TOTAL SAVINGS UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITHt AR LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR-MS MORTGAGE LOANS OUTSTANDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR-MS NUMBER OF SAV1NGS AND LOAN ASSOCIATIONS UNITED STATES ARKANSAS FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: MO-IL SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR-MS OCTOBER 1978 NOVEMBER 1978 DECEMBER 1978 DECEMBER 1977 4,055 75 4 4,060 75 4 4,060 75 4 4,065 71 4 7 7 7 3 3 3 106 103 105 12 12 12 58 60 60 112 112 112 55 55 55 5 5 5 97 94 93 5 6 4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 3 105 12 60 112 52 5 97 6 39 POPULATION Bureau of the Census 1970 1975 Compounded Annual Rates of Change 1970 1960 to to 1975 1970 203,305,000 213,051,000 .9 1.3 15,964,668 16,809,000 1.0 .7 5,654,793 5,838,500 .6 1.3 Arkansas FayettevilleSpringdale: AR Fort Smith: AR-OK Little Rock-North Little Rock: AR Pine Bluff: AR Texarkana: AR-TX 1,923,322 2,116,000 1.9 .7 127,846 160,421 149,100 201,400 3.1 4.7 3.3 1.7 323,296 85,329 113,488 367,300 83,700 114,700 2.6 - .4 .2 1.7 .5 1.2 Kentucky ClarksvilleHopkinsville: KY-TN Evansville: IN-KY Louisville: KY-IN Owensboro: KY 3,220,711 3,396,000 1.1 .6 118,945 284,959 867,330 79,486 143,800 287,500 891,700 81,200 3.9 .2 .6 .4 .6 .5 1.4 1.2 Mississippi 2,216,994 2,346,000 1.1 .2 Missouri Columbia: MO St. Louis: MO-IL Springfield: MO 4,677,623 80,935 2,410,602 168,053 4,763,000 88,200 2,369,400 187,300 .4 1.7 - .3 2.2 .8 3.9 1.2 1.9 Tennessee Memphis: TN-AR-MS 3,926,018 834,103 4,188,000 873,200 1.3 .9 1.0 1.4 United States CMV States CMV Metropolitan Areas
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