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NTRAL

MISSISSIPPI VALLEY

2ND QUARTER 1979




Prepared by Federal Reserve Bank of St. Louis
Released September 5, 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 Commerce. 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 selfgenerating 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
member 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

Economic activity in the United States and the Central
Mississippi Valley (CMV) turned down in the second quarter of 1979 after
four years of expansion, U.S. Gross National Product (GNP) in constant
dollars fell at a 2.4 percent annual rate from the first to the second
quarter. While a measure of real product is not available for the CMV
region, other indicators such as payroll employment and construction show
that the downturn may have been more severe in the region than the nation
as a whole.
Total employment declined in the CMV states and cities at a
similar rate to that of the United States. However, payroll employment,
usually a more reliable indicator of employment movements, declined in
the region while rising nationally. The rate of decline from the first
to the second quarter was 2.3 percent in the five CMV states and 0.7
percent in the CMV cities, compared with a 2.7 percent rate of increase
in the United States. Payroll employment in the CMV states and cities is
about 2 percent above a year ago, compared to 3.3 percent above last year
in the United States.
Manufacturing employment, about one-fourth of payroll
employment, was the main source of the second quarter decline in CMV
payroll employment. Such employment fell both in the CMV states and
cities at approximately a 7 percent annual rate from the first to second
quarter. Most leading manufacturing industries registered declines with
the largest declines occurring in lumber and furniture, and
transportation equipment industries. These sectors also declined
nationally though not as sharply as in the region.
Nonmanufacturing employment is also less robust in the CMV
region than the nation. Such employment fell slightly in the CMV states
from the first to the second quarter, whereas in the nation it continued
to increase at a 3.6 percent rate. Construction employment, an important
component of this sector, fell in the CMV states at a 6.4 percent annual
rate, whereas nationally such employment registered a sizable gain.
Housing permits issued in the CMV states were down 18 percent from a year
ago, compared to a 15 percent decline in the United States. The value of
nonresidential construction contracts let were about the same as a year
ago in the region, whereas in the United States these contracts were up
18 percent.
Among the CMV states, the largest rates of decline in payroll
employment were in Tennessee and Mississippi — 6.1 and 3.7 percent,
respectively — whereas only small declines were reported in Arkansas and
Kentucky and no change occurred in Missouri. All CMV states registered
second quarter declines in manufacturing employment with the largest
declines in Tennessee, Arkansas, and Mississippi. Each of these states
had sizable job losses in the important industries of food; lumber and
furniture; and textiles, apparel, and leather. In Missouri and
Mississippi, sizable job losses occurred in the transportation equipment
industry.




3

INCOME AND TRADE INDICATORS




PERSONAL

I NCOME

SEASONALLY ADJUSTED
INDEX:

1971-100
100

260
220
180
140
100

MISSISSIPPI

4

INCOME AND TRADE INDICATORS

I NCOME

PERSONAL

SEASONALLY ADJUSTED
COMPOUNDED ANNUAL
_______ RATES OF CHANCE_______

INDEX* 1971-100

4TH QTR 1978
TO
1ST QTR 1979

1ST OTR 1978
TO
1ST QTR 1979

4TH
QUARTER
1978

1ST
QUARTER
1979

209.2

214.7

11.0

12.6

220. 1

225.7

10.4

14.0

ARKANSAS

242.3

253.0

18.9

16.8

KENTUCKY

227.3

231.7

M IS S IS S IP P I

229.5

237.9

15.5

14.5

M IS SO U R I

203.5

206.5

6.0

11.2

T E N N ESSEE

223.2

229.4

11.7

13.9

UNITED

STA TES

CMV STATE

SUMMARY

8. 1

16.5

STATE SUMMARY-PERSONAL INCOME
___COMPOUNDED ANNUAL RATES OF CHANGE___
TERMINAL
QUARTER
2-75

1«T1«10A

INITIAL QUARTER

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

4-78

14.1

147.5

3-75

152.9

4-75

13.3

12.9

10.3

156.7

1-76

13.2

12.9

11.6

12.8

2-76

11.9

11.3

10.0

9.8

6.9

3-76

11.3

10.8

9.6

9.4

7.7

8.5
13.3
12.7

161.5
164.2

4-76

11.6

11.2

10.3

10.3

9.5

10.9

1-77

11.7

11.3

10.6

10.7

10.2

11.3

167.6
172.9
177.9

12.1

2-77

11.9

11.6

11.1

11.2

10.9

11.9

13.1

13.0

13,9

3-77

11.8

11.5

11.0

11.1

10.8

11.6

12.4

12.1

12.2

10.4

4-77

12.0

11.8

11.4

11.6

11.4

12.1

12.9

12.8

13.0

12.6

14.8

1-78

11.5

11.3

10.9

10.9

10.7

11.3

11.7

11.4

U . 2 ..IP 8.4

10.3

6.1

2-78

12.3

12.1

11.8

12.0

11.9

12*5 _1 3.1

13.1 _ULt3_ — 13*1

14,Q

13.7

21.8

3-78

12.3

12.1

11.8

12.0

11.9

12.5

13.0

12.9

13.1 _12*9__ 13.5

13.1

16.8

183.8
188 .4
195.0
197.9
207.9
12.1

213.9

i?.2

12.1

11.9

12.0

11.9

12.4

12.9

12.8_ 12^?

12.8

13,2

12.9

15.2

12.1

12.1

1-79__ 12.1

12.0

11.8

11.9

11.8

12.3

12.6

12.6

12*6

12.5

12.8

12.4

14.0

11.6

11.3

10.6

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

4-78

4-78




220.1
225.7

INITIAL QUARTER

PREPARED BY FEDERAL RESERVE BANK OF ST.

5

LOUIS

INCOME AND TRADE INDICATORS

D EPAR T MEN T STORE S A L E S
SEASONALLY ADJUSTED
INDEX: 1971-100
1971-100




1971

100

350
270
190
110

30

LITTLE

ROCK -

NORTH L I T T L E

ROCK:

AR
350
270
190
110

30

ST.

LOUIS:

6

M O-IL

INCOME AND TRADE INDICATORS

D EPAR T MEN T STORE S A L E S
SEASONALLY ADJUSTED
__________ INDEXt 1971*100________
MARCH
19F9

UNITED

STA TES

CMV METROPOLITAN SUMMARY
FORT SM IT H : AR-OK
L I T T L E ROCK-NORTH
L I T T L E ROCK: AR
L O U I S V I L L E : K Y - 1N
M EM PH IS: TN-AR-MS
S T . L O U IS : MO-1L
S P R I N G F I E L D : MO

COMPOUNDED ANNUAL
PATES OF CHANCE
3 MONTHS ENDING MAY 1979
FROM SAME
MONTHS A
.IEAB A M ■

APRIL
-Liza

MAY
1979

FROM PREVIOUS
___3 MONTHS

196. 1

195.0

201.4

1 1.3

7.6

190.9

181.3

191.2

23.1

7.2

299.8

292.4

305.5

21.0

4.0

294.4

303.6

299.4

13.5

3.5

176.2

161.6

183.7

20.2

8.6

168.1

170.2

178.0

24.3

3.3

184.6

174.1

186.9

27.4

8.6

219.1

212.5

219.3

49.9

9.3

3* DATA NOT COMPARABLE, SEE INCOME ANO TRADE INDICATORS, PAGE 2

U.S. DEPARTMENT STORE SALES
CONPQLMDED ANNUAL RATES OF CHANCE
TERMINAL
QUARTER
_________1-75

INITIAL QUARTER
2-75

3-75

6-75

1-76

2-76

3-76

6-76

1-77

2-77

3-7T

HTIaUMI
6-77

1-78

2-78

3-78

6-78____________

2=22__ _______________________________________________________________________________________________U2*SL
--yf t —
6-75

11.7

7.0

5.7

1-76

11.6

8.1

8.1

10.5

2-76

9.6

6.7

6.2

6.5

138.5
162.0
2.6

162.9

3-76

9.9

7.6

7.5

8.1

6.9

11.6

6-76

11.1

9.6

9.6

10.6

10.7

16.9

18.6

1-77

10.6

8.9

9.0

9.7

9.5

11.9

12.2

6.1

2-77

10.2

8.9

8.9

9.5

9.3

11.1

11.0

7.3

166.8
153.2
1SS.S
8.5

158.7

3-77

11.7

10.7

11.0

11.7

12.0

13.9

16.6

13.3

17.0

26.2

6-77

13.5

12.8

13.3

16.3

16.8

17.0

18.1

18.0

22.3

29.8

168.2
180.8

33.5

1-78

12.0

11.2

11.5

12.1

12.3

13.8

16.2

13.6

15.2

17.6

13.5

-3.5

2-78

12.3

11.5

11.8

12.5

12.7

16.0

16.6

13.7

15.3

17.1

16.2

5.6

15.6

3-78

11.9

11.1

11.6

11.9

12.0

13.2

13.6

12.6

13.8

16.9

12.2

5.9

10.9

6.6

12.6

11.9

12.8

13.5

6.7

179.2
185.8

6-78

11.5

10.8

11.0

11.5

11.6

12.5

11.1

6.1

'9 mA

-1=79-

10*1

IQ*2

LQfJL i o ± y

10.7

11.5

lit a. 1Q«7_ llt3L. Ilf 7

_ 7,5.

?»2

7,5 — 5,0.

1-75

2-75

3-75

1-76

2-76

3-76

3-77




W 5

6-76

l-*7

2-77

6-77

1-78

2-78

188.7
7.0

191.9

.9 * 2 ___ 1*2_____________ _____________ 1 « . 7
3-78

6-78

INITIAL QUARTER

PREPARED BY FEDERAL RESERVE BANK OF ST.

7

LOUIS

INCOME AND TRADE INDICATORS

NEW PAS S E NGE R CAR R E G I S T R A T I O N S 11
SEASON ALLY A D JU ST ED

INDEX:

I974"100
1974-100
225

1974-100

125
H

75
25

ARKANSAS

225
175
125
75
25

KENTUCKY

225
175
125
75
25

M IS S IS S IP P I

225
175
125
75
25

MISSOURI

LATEST DATA PLOTTEO: MAY



PREPARED BY FEDERAL RESERVE BANK OF ST.

8

LOUIS

INCOME AND TRADE INDICATORS

NEW PAS S E NGE R CAR REG I S T R A T I O N S 11
SEASONALLY ADJUSTED
__________ INDEXi

UNITED

STA TES

LI

IMPORTED
DOMESTICALLY PRODUCED

CMV STATE SUMMARY
ARKANSAS
KENTUCKY
M IS S IS S IP P I
MISSOURI
TENNESSEE

1974-100________

COMPOUNDED ANNUAL
RATES OF CHANCE
3 MONTHS END INC MAY 1979
FROM SAME
MONTHS A
YEAR AGO

MARCH
1979

APRIL
J979

MAY
1979

FROM PREVIOUS
3 MONTHS

M2.4

125.4

126.6

16.4

192.9
131.5

185.7
115.4

192.9
115.4

215.8
-7.0

n .a .

N.A.

N.A.

n .a .

N.A.

120.5
N.A.
108.8
102. A
N.A.

119.5
n .a .
147.5
N.A.
N.A.

114.6
N.A.
149.8

-8.0
N.A.
-8.4
n .a .
N.A.

-8.7
N.A.
12.8
N.A.
N.A.

N.A.
n .a .

-3.5
27.0
-10.0

U.USED WITH THE PERMISSION OF R. L. POLK AND COMPANY
U.NEW PASSENCER CAR RETAIL SALES




PREPARED BY FEDERAL RESERVE BANK OF ST.

9

LOUIS

INCOME AND TRADE INDICATORS

FARM CASH R E C E I P T S
SEASONALLY ADJUSTED
INDEX:

1971-100

1971-100




1971

100

380
300
220
140
60

KENTUCKY

M IS S IS S IP P I

10

INCOME AND TRADE INDICATORS

FARM CASH R E C E I P T S
SEASONALLY ADJUSTED
__________ INDEXi 1971-100________

COMPOUNDED ANNUAL
RATES OF CHANCE
3 MONTHS END INC MAY 1979

APRIL
1979

MAY
1979

UNITED STA TES

201.7

199.6

206.7

-16.1

-5.7

CMV STATE SUMMARY

265.0

221.3

194.3

-30.8

-2.5

ARKANSAS

245.9

187.6

230.0

-49.7

-5.3

KENTUCKY

314.5

204.5

225.8

91.0

-4.8

M IS S IS S IP P I

160. 1

176.3

201.0

CM
O
CM
1

FROM PREVIOUS
3 MONTHS

FROM SAME
MONTHS A
YEAR ACO

MARCH
1979

-26.7

M IS SO U R I

347.4

273.3

154.4

-59.4

12.7

T E N N ESSEE

276.8

217.7

192.7

36.1

1.0

STATE SUNHARY— FARM1 CASH RECEIPTS
COMPOUNDED ANNUAL RATES OF CHANCE
INITIAL QUARTER
QUARTER
1-75

2-75

3-75

4-75

1-76

2-76

3-76

4-r76

1-77

2-77

3-77

1971alOO
4-77

1-78

2-78

3-78

4-78
1A1.7

2-75

99.2

3-75

79.5

61.7

4-75

19.3

-7.7 -47.3

1-76

25.0

7.0 -13.0

2—76

31.8

18.9

7.3

53.0

3-76

14.5

2.5

-8.5

10.0

184.6
157.3
43.6

172.2
194.6

63.1
CO
•

T

-43.3

168.9

4-76

16.3

6.3

-2.3

14.0

5.6 -15.0

27.3

1-77

16*5

7.9

0.8

14.8

8.5

-5.2

22.5

2-77

12.7

5.0

-1.3

9.6

3.8

-7.2

9.3

1.2 -13.0

5.0

-0.5

9.0

4.1

-4.9

8.2

2.5

179.4
17.8

186.9

-4.3

180.5

3-77

5.2

182.8

12.0

4-77

13.6

7.4

2.6

11.5

7.6

0.3

12.5

9.0

6.3

17.4

31.1

1-78

16.4

10.9

6.8

15.5

12.4

6.5

18.3

16.6

16.3

28.1

41.4

52.6

2-78

15.2

10.1

6.3

14.0

11.1

5.9

15.8

14.0

13.3

21.0

26.8

24.7

195.6
217.4
1.9

218.4

3-78

15.0

10.2

6.7

13.8

11.2

6.6

15.3

13.7

13.0

19.1

22.8

20.2

6.6

11.6

4-78

14.4

9.9

6.7

13.2

10.8

6.6

14.3

12.8

12.1

16.9

19.4

16.6

6.6

9.1

6.6

1-79

16.9

12.8

9.9

16.3

14.3

10.6

18.3

17.3

17.3

22.4

25.5

24.4

18.2

24.2

31.0

61.2____________ ______________ 257.0_____

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

4-78




224.5
228.1

INITIAL QUARTER

PREPARED BY FEDERAL RESERVE BANK OF ST . LOUIS

EMPLOYMENT INDICATORS

TOTAL

EMPLOYMENT

SEASONALLY ADJUSTED
INDEX: 1971-100
1971— l00




1971-100

ARKANSAS

KENTUCKY

135
125
1 15
105
95

12

EMPLOYMENT INDICATORS

TOTAL

EMPLOYMENT

SEASONALLY AD JUSTED
INDEXt 1971-100________
APRIL

MAY
1979

.1979
UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH* AR-OK
L IT T L E ROCK-NORTH
LIT T L E ROCK: AR
PINE BLUFFs AR
KENTUCKY
EVANSVILLE: IN-KY
L O U IS V ILLE : KY-1N
M IS S IS S IP P I
M IS SO U R I
ST. LOUIS: MO-1L
SPRIN GFIELD : MO
T EN N ESSEE
MEMPHIS: TN-AR

JUNE

1979

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING JUNE 1979
FROM PREVIOUS
3 MONTHS

FROM SAME
MONTHS A
YEAR AGO

121.6

121.8

122.3

-0.7

2.4

120.5

120.3

120. 1

-0.7

2.3

116. 1

115.9

116.2

-1.0

1.6

128.0
133.5

130.3
131.3

129.6
131.0

11.2
-3.0

5.6
1.4

133.4
120.8

136.5
125.4

135.5
127.8

9.7
21.8

6.2
3.7

121.8
121.8
115.2

120.9
121.7
113.3

119.7
121.9
112.9

-7.3
-5.7
-3.8

-1.9
-1.0
-0.4

125.4

125.1

125.3

-2.8

3.9

117.7
113.2
136.0

117.3
113.3
134.7

118. 1
114.2
136.3

1 .4
-3.1
“3.2

3.5
1.3
2.9

116.8
107.3

116.5
107.4

116.5
107.0

-1.4
0.7

2.0
2.5

STATE SUMMARY-TOTAL EMPLOYMENT
COMPOUNDED ANNUAL RATES OF CHANGE
7 !
*9 1
LP

TERMINAL ____
QUARTER
2-75

...
2-75

_________________________________ INITIAL QUARTER_________________________________________________________ I971«100
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

4-78

1-79

-2.2

105.3

3-75

1.5

5.4

4-75

3.4

6.4

7.3

1-76

4.2

6.4

6.9

6.4

110.3
2.2

110.9

106.7
108.6

2-76

. 3.8

5.3

5.3

4.3

3-76

3.1

4.2

3.9

2.8

1.1

4-76

3.1

4.1

3.8

2.9

1.8

1-77

3.6

4.5

4.3

_ 3.7

.3.1

_3.«L_

5.1

7.0

2-77

4.0

4.8

4.7

4.3

3.9

4.3

5.8

7.1

7.2

O
.
o

110.9

1.6 __3.3

111.8
113.7
115.7

3-77

3.0

4.6

4.4

4.C

3.7

3.9

5.0

5.5

4.8

2.4

4—77

.3.7

4.3

4.1

3.8

3.4

3.6

4.3

4.6

3.8

2.1

1.7

1-78

3.5

4.0

3.9

3.5

3.2

3.3

3.9

4.0

3.3

2.0

1.7

116.4
116.9
1.7

117.4

2-78

3.3

3.8

3.6

3.2

2.9

3.0

3.4

3.4

2.7

1.6

1.4

1.2

0.7

3-78

3.0

3.4

3jl3

2.9

2.6

2.6

2.9

2.9

2.2

1.2

0.9

0.7

0.2

-0.3

4-78

3.2

3.6

3.4

3.1

2.8

2.9

3.2

3.2

2.7

1.9

1.9

1.9

1.9

2.6

1-79

3.3

3.7

3.5

3.3

3.Q

3.1

3.4

3.4

2.9

2.3

2.3

2.5

2.6

3.3

5.2

4.8

2-79

3-0

3.4

3.3

3. G

2.7

2.7

3.0

3.0

2.5

2.0

1.9

1.9

2.0

2.3

3.2

2.0

-0.7

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

4-78

1-79




117.6
117.5
5.6

119.1
120.5
120.3

INITIAL QUARTER

PREPARED BY FEDERAL RESERVE BANK OF ST.

13

LOUIS

EMPLOYMENT INDICATORS

UNEMPLOYMENT RATE
SEASONALLY ADJUSTED
PERCENT
12

______

PERCENT
12
1i
- u.s.
_____
STATES
9

—

9

i l

A

6

6
3

-ia.l t 1 1 i i 1 i i ia 1 i i la t-l.J-a...t 1 1 ia Lai I-Lt i i 1 i i Lag Li.L- i l.l t i 1 ta 1 ii tilt i-l 11 1 i i -a iJ.a-i-1 t i la i

1973

1974

1975

1978

1979

ARKANSAS

12
9

1977

1976

12

—

—

9

6

6

3

3
0

0

a a.l i i.l i i 1 i i .ia.1.1 i.l i i 1 t i .. i i L.i a l a l! O-L- i 1.111 1 i 1 1 t 1 L.i .1 1.1 I l .1 1 II i i 1 n 1.1i la x ..L.L1 1i l l Y1 1 L-

0

KENTUCKY
12

9

6
3
0

MISSISSIPPI

12

9

6
3
0

MISSOURI

ENNESSEE

1973

1974

1975

1976

LATEST DATA PLOTTEDi JUNE



1977

1978

1979

PREPARED BY FEDERAL RESERVE BANK OF ST.

14

LOUIS

EMPLOYMENT INDICATORS

UNEMPLOYMENT RATE
SEASO N ALLY A D JU ST ED
PERCENT
MONTHLY AVERAGE
5 MONTHS ENOING
MAY
1979

JUNE

1979

JUNE
1979

MARCH

19795.8

5.8

5.6

5.7

5.7

APRIL

UNITED STA TES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITHt AR-OK
L IT T L E ROCK-NORTH
L IT T L E ROCK: AR
PIN E BLUFF: AR
KENTUCKY
EVANSVILLE: IN-KY
L O U IS V IL L E : KY-IN
M IS S IS S IP P I
M IS S O U R I
ST. LOUIS: MO-1L
SPRIN G FIELD : MO
T E N N ESSEE
MEMPHIS: TN-AR

-19.79.,

4.8

4.8

5. 1

4.9

5.4

4.6

4.7

4.6

4.6

5.0

5.7
8.5

5. 1
6.9

5.8
7.4

5.5
7.5

8.1

5.7
6.4

5.6
5.5

5.8
5.5

5.7
5.7

4.1
6.7

5.1
5.6
4.6

4.9
5.4
4.6

4.8
4.9
4.9

4.9
5.5
4.7

5.6
4.9
5.1

5.8

5.4

5.7

5.7

6.5

4.0
4.7
5. 1

4.0
4.6
5.1

4.0
4.8
5.0

4.0
4.7
5.1

4.5
4.8
5.5

4.8
4.4

5.2

6.0
5.0

5.5
4.7

5.5
5.4

C IVILIA N

4.6

6.0

LABOR FORCE

SEASO N ALLY AD JUST ED
THOUSANDS OF PERSONS
MAY
1979

APRIL
1979

UNITED STA TES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR-OK
L IT T L E ROCK-NORTH
L IT T L E ROCK: AR
PIN E BLUFF: AR
KENTUCKY
EVANSVILLE: IN-KY
L O U IS V IL L E : KY-IN
M IS S IS S IP P I
M IS SO U R I
ST. LOUIS: MO-1L
SPRIN GFIELD : MO
T E N N ESSEE
MEMPHIS: TN-AR




JUNE
1979

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING JUNE 1979
FROM PREVIOUS
3 MONTHS

FROM SAME
MONTHS A
YEAR AGO

102,528.0
7,735.7

-0.7

2.2

-2.7

1.7

2,425.0
971.4
84. 1

2,430.5
972.8
84.3

-2.5
9.0
-5.0

1.0
5.1
3.2

182.5
37.4

186.7
38.3

185.5
39.1

8.2
17.3

5.4
3.2

1,535.3
140.5
411.7

1,520.2
140.0
404.6

1,503.8
139.5
404.6

-9.9
-4.2
-5.4

-2.1
-0.3
-1.0

102,111.0

102,246.9

7 ,7 3 7 .6

7,720.2

2,427.3
960.0
86.8

968.0

981.5

985.8

-6.1

2.3

2,306.0
1,087.7
102.6

2,297.2
1,087.6
101.6

2,312.7
1,099.0
102.7

-0.3
-3.5
-4.6

2.6
0.6
1.9

1,944.6
376.3

1,949.0
377.5

1,966.0
377.8

-2.3
-2.5

1.8
1.8

PREPARED BY FEDERAL RESERVE BANK OF ST.

15

LOUIS

EMPLOYMENT INDICATORS
AVERAGE HOURLY E A R N I N G S
MANUFACTURING

AVERAGE WEEKLY HOURS WORKED
MANUFACTURING

SEASON ALLY A DJUSTED

SEASONALLY AD JUST ED

DOLLARS PER HOUR

HOURS PER WEEK

M IS S IS S IP P I

TENNESSEE
—

—

11111111111 11111111111 11(1111l111 1(111I11111 1l111111111

1975

1976

1977

1978

1979

LATEST DATA PLOTTEOi JUNE



16

EMPLOYMENT INDICATORS

AVERAGE HOURLY EARNINGS - MANUFACTURING
SEASONALLY ADJUSTED
_________ DOLLARS PER HOUR

U N IT E D

STATES

CMV S T A T E

SUMMARY

CMV M E T R O P O L IT A N

SUMMARY

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING JUNE 1979
FROM SAME
FROM PREVIOUS
MONTHS A
3 MONTHS
YEAR AGO

APRIL
1979

MAY
1979

JUNE
1979

6.54

6.62

6.65

5.6

8.5

5.82

5.89

5.90

8.5

8.3

7.02

7.10

7.09

6.0

7.8

A RK ANSAS
FORT SMITHS AR-OK
L I T T L E ROCK-NORTH
L I T T L E ROCK: AR
P IN E B L U F F: AR

5. 11
5.18

5.16
5.13

5.20
5.20

11.8
4.9

10.7
5.2

5.81
6.64

5.85
6.56

5.81
6.36

11.7
6.2

10.5
12.5

KENTUCKY
L O U IS V IL L E :

6.71
7.45

6.77
7.64

6.78
7.60

13.1
6.2

9.0
9.4

M IS S IS S IP P I

4.85

4.92

4.95

8.9

8.2

M IS S O U R I

6.54
7.41
5.88

6.67
7.47
5.93

6.67
7.48
5.95

6.5
4.6
11.3

7.4
6.0
13.5

5.44
6.31

5.45
6.33

5.44
6.40

7.9
7.2

7.5
9.8

K Y-IN

ST. L O U IS : MO-1L
S P R IN G F IE L D : MO
TENNESSEE
MEMPHIS:

TN-AR

AVERAGE WEEKLY HOURS WORKED - MANUFACTURING
SEASONALLY ADJUSTED
MONTHLY AVERAGE
3 MONTHS ENDING

HOURS PER WEEK

U N IT E D

STATES

CMV S T A T E

SUMMARY

APRIL
1979

MAY
1979

JUNE
1979

JUNE
1979

MARCH
19T9

39.2

40.2

40.1

39.8

40.8

39.5

39.2

40.0

40. 1

40. 1

39.8

40.9

38.2
39.0

39.5
38. 1

39.5
39.0

39.1
38.7

39.8
39.6

39.4
39.7

39.9
41.6

39.5
41.9

39.6
41.1

40.2
42.7

39.5
40.3
40.2

39.3
39.8

39.0
39.8

39.7
40.3

M IS S IS S IP P I

38.3
39.3
38.6

39.7

40.4

M IS S O U R I
ST. L O U IS : MO-1L
S P R IN G F IE L D : MO

38.4
39.3
39.4

39.4
40.3
40.1

39.4
40. 1
39.7

39. 1
39.9
39.7

40.2
41.6
39.5

TENNESSEE
MEMPHIS:

38.6
40.5

39.2
40.6

39.5
40.3

39.1
40.5

40.2
41.4

A R K AN SAS

FORT SMITH: AR-OK
L IT T L E ROCK-NORTH
L IT T L E ROCK: AR
PIN E BLUFF: AR

KENTUCKY

L O U IS V IL L E :




KY-IN

TN-AR

CM

39.5

SUMMARY

O

38.4
39.3

CMV M E T R O P O L IT A N

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

17

EMPLOYMENT INDICATORS

PAYROL L

EMPLOYMENT -

SELECTED

INDUSTRIES*

SEASONALLY ADJUSTED
INDEXs

CHEMICAL,
1972-100
MO -------------1i-------------

1972-100

PETROLEUM,

AND RUBBER PRODUCTS

1972-100
MO

u.s.
_____
120 — STATES

120

-

100

100

80
60

80
i . ■i ■■i ■.




--L-1- Li

1, 11 1 111 „i. i.J. i i L i i 1 i i- ■■11111111. i i 1i i 1 i -i 1 i i

i i 1 » i 1m

1i i

i i l i i 1i i 1 i i

60

CONSTRUCTION

ELECTRICAL

EQUIPMENT
140
120
100

80
60

FOOD AND K I N D R E D PRODU CT S
140
120
100

80
60

LUMBER AND F U R N I T U R E
140
120
100

80
60

TEXTILE,

APPAREL,

18

AND L E A T H E R

EMPLOYMENT IN D IC A T O R S

PAYROLL

EMPLOYMENT

-

SELECTED

INDUSTRIES*

SEASON ALLY A DJUSTED
INDEX!

1972-100

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING JUNE 1979
FROM SAME
FROM PREVIOUS
MONTHS A
YEAR AGO
3 MONTHS

APRIL
1979

MAY
1979

UNITED STA TES
CHEMICAL, PETROLEUM, AND
RUBBER PRODUCTS
CONSTRUCTION
ELECTRICAL EQUIPMENT
FOOD AND KINDRED PRODUCTS
LUMBER AND FURNITURE
T E X T ILE , APPAREL, AND
LEATHER

JUNE
1979

114.0
115.9
113.7
97.9
103. 1

114.2
117.9
113.8
97.4
102.4

113.9
118.6
114.6
97.0
102.3

1.1
12.9
4.7
-2.8
-7. 1

2.2
8.6
5.8
-0.3
0.3

91.8

91.8

91.4

-2.6

-1.9

CMV STATE SUMMARY
CHEMICAL, PETROLEUM, AND
RUBBER PRODUCTS
CONSTRUCTION
ELECTRICAL EQUIPMENT
FOOD AND KINDRED PRODUCTS
LUMBER AND FURNITURE
T E X T ILE , APPAREL, AND
LEATHER

117.8
120.0
113.0
102.3
97.9

118.5
120.5
112.3
101.7
97.0

116.7
121.3
112.3
102.2
96.9

-0.7
-6.4
-5.2
-7.5
-16.6

0.3
4.6
1.1
-0.7
-1.3

93.0

92.3

92.1

-5.0

-2.1

ARKANSAS
CONSTRUCTION
ELECTRICAL EQUIPMENT
FOOD AND KINDRED PRODUCTS
LUMBER AND FURNITURE
PAPER AND PRINTING
T EX T ILE, APPAREL, AND
LEATHER

109.0
134.2
112.9
94.4
135.0

110.6
134.8
113.7
92.7
134.4

112.2
136.7
113.2
92.4
133.9

12.5
4.2
-7.1
-24.2
8.5

0.9
1.0
-0.7
-5.5
5.0

88.5

89.2

87.5

-7.7

-7.7

KENTUCKY
CHEMICAL, PETROLEUM, AND
RUBBER PRODUCTS
CONSTRUCTION
ELECTRICAL EQUIPMENT
FOOD AND KINDRED PRODUCTS
NONELECTRICAL MACHINERY
T EX T ILE, APPAREL, ANO
LEATHER

138.0
125.6
94.1
93.4
141.0

139.0
127.7
93.2
95.9
143.4

136.6
127.9
92.4
95.9
142.2

2.6
-5.8
-10.0
2.1
5.5

3.0
2.5
-3.1
-0.1
11.4

94.2

92.7

91.7

1.3

-0.4

137.5
146.2
113.2
104.7

136.0
143.8
112.9
105.0

131.5
143.8
112.2
104.5

-23.2
-5.3
-11.5
-9.0

7.1
4.9
4.4
1.0

97.3
106.9

97.3
105.0

96.9
112.0

-3.2
-13.5

-4.0
-13.0

115.6
114.2
92.6
106.6

117.0
114.7
91.1
106.0

116.0
114.7
92.7
105.0

6.1
-1.0
-12.8
17.6

3.1
3.5
-1.5
1.0

87.3
112.4

87.1
113.5

86.0
106.5

-5.3
-9.8

-3.2
0.5

111.5
118.9
106.1
97.1
116.2

112.6
116.1
104.5
96.6
115.8

110. 1
119.9
106.5
96.3
114.8

0.0
-14.5
-6.5
-17.3
-0.3

-0.7
8.0
-2.6
-0.4
1.8

122.9

120.7

121.6

-7.5

-0.1

M IS S IS S IP P I
CONSTRUCTION
ELECTRICAL EQUIPMENT
FOOD AND KINDRED PRODUCTS
LUMBER AND FURNITURE
T E X T ILE , APPAREL, AND
LEATHER
TRANSPORTATION EQUIPMENT
M IS SO U R I
CONSTRUCTION
ELECTRICAL EQUIPMENT
FOOD AND KINDRED PRODUCTS
PAPER AND PRINTING
TEX TILE, APPAREL, AND
LEATHER
TRANSPORTATION EQUIPMENT

TENNESSEE

CHEMICAL, PETROLEUM, AND
RUBBER PRODUCTS
CONSTRUCTION
FOOD AND KINDRED PRODUCTS
LUMBER AND FURNITURE
PAPER AND PRINTING
T EX T ILE, APPAREL, AND
LEATHER

X ALL CATEGORIES'ARE MANUFACTURING EXCEPT CONSTRUCTION.
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS



19

EMPLOYMENT INDICATORS
M A N U F A C T U R I N G EM PLOYM ENT
N O N M A N U F A C T U R I N G EM PLOYM ENT
SEASONALLY ADJUSTED
INDEX:

1972-100

1972-100




1972-100

KENTUCKY

150
130

no
90
70

TENNESSEE

150
130
110

90
70

20

EMPLOYMENT INDICATORS

M A N U F A C T U R I N G EMPLOYMENT
SEASONALLY ADJUSTED
COMPOUNDED ANNUAL
RATES OF CHANCE
__________ INDEX. 1972-100________ 3 MONTHS ENDING JUNE 1979
JUNE
1979

U N IT E D

STATES

109. 1

109. 1

109. 1

CMV S T A T E SUMMARY
CMV M E T R O P O L IT A N SUMMARY

108.5

107.7

101.3

100.5

FROM PREVIOUS
___3 MONTHS__

FROM SAME
MONTHS A
YEAR ACO

0.0

2.9

107.4

-7.1

-0.1

98.7

-6.5

i
o
CO

MAY
ISIS

APRIL
1979

A R K A N SA S
FORT SMITH: AR-OK
L I T T L E ROCK-NORTH
L I T T L E ROCK: AR
P I N E B L U F F : AR

117.2
133.0

116.5
123.9

116.2
120.9

-6.9
-26. 1

-0.5
-5.4

109.2
106.3

108.5
107.8

109.1
107.3

-3.9
0.8

-3.5
-2.6

KENTUCKY
E V A N S V IL L E :
L O U IS V IL L E :

109.8
104.8
98.3

110.1
103.7
97.8

108.7
102.8
95.3

-3.9
-1.9
-9.3

1.9
-4.3
0.9

M IS S IS S IP P I

113.5

112.6

113.0

-6.4

-0.5

M IS S O U R I
ST. L O U IS : MO-1L
S P R I N G F I E L D : MO

103.9
98.9
101.3

103.8
98.2
99.3

102.6
95.5
98.3

-4.9
-5.9
-3.5

0.4
-0.3
0.4

TENNESSEE
MEMPHIS:

106.4
102.4

104.6
103.0

105.5
102.9

-9.9
-1.2

-1.4
-0.2

IN-KY
K Y-IN

TN-AR

N O N M A N U F A C T U R I N G EMPLOYMENT
SEASONALLY ADJUSTED
__________ INDEX. 1972-100________
APRIL
1979
U N IT E D

STATES

CMV S T A T E

SUMMARY

CMV M E T R O P O L IT A N

SUMMARY

A RK ANSAS
FORT SMITH: AR-OK
L I T T L E ROCK-NORTH
L I T T L E ROCK: AR
P IN E B L U F F: AR
KENTUCKY
E V A N S V IL L E : IN-KY
L O U I S V I L L E : KY-IN

MAY
1979

JUNE
1979

COMPOUNDED ANNUAL
RATES OF CHANCE
3 MONTHS ENDING JUNE 1979
FROM PREVIOUS
3 MONTHS

FROM SAME
MONTHS A
YEAR AGO

123.5

124.0

124.4

3.6

3.4

127.2

127.4

127.3

-0.6

2.8

119.9

120.4
132.9
133.0

120.7

2.0

131.2
134.2

131.7
134.9

1.5
-2.6

2.5
2.8
2.3

130.9
126.2

132.1
128.0

132.1
132.8

-1.5
8.8

2.8
0.0

135.7
123.5
129.4

136.3
124.3
129. 1

135.0
126.9
130.0

0.9
-7.6
3.5

4.4
-1.0
6.3

M IS S IS S IP P I

135.7

135.9

135.4

-2.0

4.5

M IS S O U R I
ST. L O U IS : MO-1L
S P R IN G F IE L D : MO

118.7
113.2
136.4

119.2
113.9
135.7

119.8
113.8
136.5

1.4
2.9
3.6

1.9
1.8
3.7

TENNESSEE
MEMPHIS:

126.1
116.9

125.7
117.1

125.0
116.1

-4.9
-2.7

1.9
1.0




TN-AR

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
21

EMPLOYMENT INDICATORS

PAYROLL EMPLOYMENT
SEASONALLY ADJUSTED
INDEX:

1972-100

1972-100




1972-100

130
120
110
100

90

KENTUCKY

130
120
110
100

90

22

EMPLOYMENT INDICATORS

PAYROLL EMPLOYMENT
SEASONALLY ADJUSTED
INDEX:

1972-100

1972-100




1972-100

23

EMPLOYMENT INDICATORS

PAYROL L

EMPLOYMENT

SEASONALLY ADJUSTED
INDEX:
APRIL
1979

UNITED STA TES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR-OK
LIT T L E ROCK-NORTH
LIT T L E ROCK: AR
PINE BLUFF: AR
KENTUCKY
EVANSVILLE: 1N-KY
L O U IS V IL L E : KY-IN
M IS S IS S IP P I
M IS SO U R I
ST. LOUIS: MO-1L
SPRIN GFIELD: MO
T EN N ESSEE
MEMPHIS: TN-AR

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING JUNE 1979

1972-100
MAY
1979

JUNE
1979

FROM PREVIOUS
3 MONTHS

FROM SAME
MONTHS A
YEAR AGO

119.8

120.2

120.4

2.7

121.7

121.6

121.3

-2.3

1.9

114.8

114.8

114.4

-0.7

1.7

126.8
133.2

127.7
129.5

126.7
129.6

-0.6
-1 1.9

1.9
-0.6

126.5
121.7

127.4
123.7

127.3
126.7

-1.6
6.7

1.6
-0.5

128.7
117.0
119.2

128.9
117.0
119.0

128.0
118.6
118.7

-0.6
-6.2
0.3

3.7
-2.0
4.8

128.6

128.4

128.2

-3.7

3.0

115.1
108.9
126.9

115.2
109.4
125.7

115.4
108.7
125.9

0.0
0.7
2.6

1.5
1.2
3.0

119.5
113.9

119.0
114.3

118.4
113.3

-6. 1
-2.8

0.9
0.7

3.3

STATE SUMMARY-TOTAL PAYROLL EMPLOYMENT
__ COMPOUNDED ANNUAL RATES OF CHANGE___
TERMINAL
QUARTER

____ ___________________________________________ INITIAL QUARTER_________________________________________________________ 1972*100
1-75

2-75

3-75

4-75

2-75

-2.3

3-75

1.2

4.7

4-75

3.1

5.9

7.0

1-76

4.1

6.4

7.2

7.3

1-76

2-76

3-76

6-76

1-77

2-77

3-77

4-77

1-78

2-78

3-78

4-78

1-79
103.6
104.8

106.6
108.5

2-76

3.7

5.3

5.5

4.7

3-76

3.4

4.6

4.6

3.8

M

o
•

1.8

6-76

3.3

4.3

4.2

3.5

2.2

2.2

2.6

1-77

3.5

4.3

4.3

3.7

2.9

3.1

3.7

109.1

2.2

109.6
110.3
6.8

111.6

2-77

4.0

4.8

4.8

4.4

3.8

4.2

5.0

6.3

7.7

3-77

4.0

4.7

4.7

4.3

3.8

4.2

4.7

5.5

5.8

3.9

6-77

4.1

4.7

4.7

4.5

4.0

4.4

4.9

5.4

5.7

4.6

5.3

113.7
114.8

1-78

4.0

4.6

^•6

4.3

4.0

4.2

4.6

5.0

5.1

4.2

4.4

3.5

2-78

4.2

4.8

4.8

4.6

4.3

4.5

4.9

5.3

5.4

4.8

5.1

5.0

6.6

3-78

4.0

4.5

4.5

4.2

3.9

4.1

4.4

4.7

4.7

4.1

4.1

3.7

3.8

4-78

4.0

4.5

4.5

4.3

4.0

4.2

4.4

4.7

4.6

4.1

4.2

3.9

4.0

2.7

4.4

1-79

4.1

4.5

4.5

4.3

4.0

4.2

4.4

4.7

4.6

4.2

4.3

4.0

4.2

3.4

4.6

4.7

2-79

3.7 _ 4.1 . 4.0

3.8

3.5

3.7

3.8

3.9

3.8

3.4

3.3

3.0

2.9

1.9

2.2

1.2

-2.3

i 1
! 2

116.3

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-78

2-78

3-78

4-78

1-79

4-75

.




3-75

9

2-75

1.0

119.5
120.8
122.2
121.5

INITIAL QUARTER

PREPARED BY FEDERAL RESERVE BANK OF ST.

24

CM

1-75

___________117.3_____

LOUIS

PRODUCTION AND PRICE INDICATORS
PRODUCTION OF SELECTED CROPS

1977

6,425,457
2,279
132,300
5,760
201,400
47,450

99,223
35,396
4,440
629

1,761,755
105,800
40,920
78,475
148,800
52,170

TOBACCO
UNITED STATES
Kentucky
Tennessee

1,912,114
452,024
136,746

133,840
48,505
9,138
1,298

1,842,647
112,800
42,300
81,700
155,040
56,870

2,024,508
469,658
142,099

14,277
1,035
1,645
235
255

10,762
660
1,378
188
235

136,740
52,955
8,508
1,453

2.2
9.2
- 6.9
11.9

2,129,254
123,600
52,800
90,750
177,900
62,400

15.6
9.6
24.8
11.1
14.7
9.7

1,767,852
413,390
134,540

- 12.7
- 12.0
- 5.3

13,606
550
1,170
120
185

-

26.4
16.7
15.1
36.2
21.3

(1,000 Bushels)
1,537,113
25,740
10,138
3,570
68,640
10,080

1,248,272
11,100
6,825
2,015
28,560
7,700

* August 10 forecast




0.4
16.7
9.8
- 23.9
9.3
8.4

(1,000 Bales)

WINTER WHEAT
UNITED STATES
Arkansas
Kentucky
Mississippi
Missouri
Tennessee

7,108,938
2,030
131,580
5,750
209,250
47,200

(1,000 Pounds)

UPLAND COTTON
UNITED STATES
Arkansas
Mississippi
Missouri
Tennessee

7,081,849
1,740
119,850
7,560
191,400
43,560

(19000 Bushels)

SOYBEANS
UNITED STATES
Arkansas
Kentucky
Mississippi
Missouri
Tennessee

Percent Change
1978 to 1!

(1,000 CWT)

RICE
UNITED STATES
Arkansas
Mississippi
Missouri

1979 Indicated*

(1,000 Bushels)

CORN FOR GRAIN
UNITED STATES
Arkansas
Kentucky
Mississippi
Missouri
Tennessee

1978

25

1,602,901
14,620
11,310
3,680
72,000
10,030

28.4
31.7
65.7
82.6
152.1
30.3

PRODUCTION AND PRICE INDICATORS

ELECTRIC

POWER C O N S U M P T I O N

SEASONALLY ADJUSTED
INDEX*. 1971-100

CHEMICAL,

PETROLEUM,

ELECTRICAL

TEXTILE,

MACHINERY

APPAREL,

LATEST DATA PLOTTEDi JUNE



AND RUBBER PRODU CT S

AND L E A T H E R

PREPARED BY FEDERAL RESERVE BANK OF ST.

26

LOUIS

PRODUCTION AND PRICE INDICATORS

ELECTRIC

POWER C O N S U M P T I O N

SEASON ALLY ADJUSTED
COMPOUNDED ANNUAL
RATES OF CHANGE
__________ INDEX: 1971-100________ 3 MONTHS ENDING JUNE 1979
APRIL
1979

MAY

ISIS

JUNE
1979

127.7

127.0

127.2

121.7

112.0

121.7

DURABLES
ELECTRICAL MACHINERY
FABRICATED METALS
LUMBER AND FURNITURE
NONELECTRICAL MACHINERY
OTHER DURABLES
PRIMARY METALS
STONE, CLAY, AND GLASS
TRANSPORTATION EQUIPMENT
NONDURABLES
CHEMICAL, PETROLEUM, AND
RUBBER PRODUCTS
FOOD, BEVERAGES, AND
TOBACCO
PAPER AND PRINTING
T E X T IL E , APPAREL, AND
LEATHER

U N IT E D

FROM SAME
MONTHS A
YEAR AGO

STATES

TOTAL MANUFACTURING AND MINING
E IG H T H

FROM PREVIOUS
3 MONTHS

1.3

4.4

110. 1

-16.5

-1.4

111.1

109.2

-16.9

-1.8

123. 1
103.4
151.0
207.6
145.7
152.4
119.1
102.2
111.1

105.4
104.9
148.7
203.6
148.9
145.3
102.9
105. 1
114.8

101.7
102.5
145.3
214.2
141.1
139.7
98.0
102.2
102.8

-36.0
-4.5
-8.4
27.5
-2.7
-20.7
-12.8
-8.8
-33.8

-13.2
3.6
7.1
1.3
12.0
6.6
-18.6
-10.5
-4.7

119.0

113.4

112.7

-8.9

3.5

118.9

112.4

110.9

-12.3

4.8

124.7
116.6

121.5
116. 1

124.8
112.8

-0.6
2.8

-0.5
0.5

91.6

85.2

86.0

-23.3

-0.3

156.7

160.2

157.3

6.3

D IS T R IC T

TOTAL MANUFACTURING AND MINING
MANUFACTURING

M IN IN G




PREPARED BY FEDERAL RESERVE BANK OF ST.

27

23. 1

LOUIS

PRODUCTION AND PRICE INDICATORS

VAL UE OF C O N S T R U C T I O N CONTRACT S L E T *
NOT SEASONALLY ADJUSTED
INDEX: 1974-100
1974-100
330
250

TOTAL

1974-100
330

BUILDING

- u.s.
_____
STATES

—
___ /

170

170

90

90

—

10 ___ i___ i___ i___

1973

1

1

i

1974

RESIDENTIAL

1

1

1

___ i___ i___ i___ ___ i___ i___ i___ ___ i___ i___ i___ ___ 1___ L__ l ___

1975

1976

BUILDING

1977

1978

NONRESI DENT IA L

1979

10

BUILDING
330
250
170
90
10

330
250
170
90
10

330




M IS S IS S IP P I

330
250
170
90
10

330
250
170
90
10

28

PRODUCTION AND PRICE INDICATORS

VAL UE OF C O N S T R U C T I O N C O N T R A C T S L E T *
NOT SEASONALLY ADJUSTED
INDEX: 1974-100

COMPOUNDED ANNUAL
RATES OF CHANGE_______
2ND QTR 1978

2ND QTR 1977
TO
2ND QTR 1978

1ST
QUARTER
1979

2ND
QUARTER
1979

159.9
171.5
171.8
175.1
196.2

204.2
166.1
163.4
182.8
121.6

3.5
-20.4
-14.6
-13.9
-48.0

42.7
29.3
21.0
27.2
35.9

156.2
170.0
163. 1
184.9
114.8
180.5
152.8
186.2
145.6
201.3
204.0

184.4
327.8
156.9
313.6
131.1
163.4
183.0
157.9
327.6
143.3
138.2

16.0
177.8
-28.0
-15.9
-26.8
-28.2
-15.7
-25.0
-2.4
-4.0
3.3

15.1
87.6
37.9
25.1
49.3
27.3
40.2
29.2
32.5
-0.8
-16.6

184.5
185.5
148.3
209. 1
186.9

246.3
199.3
203.0
199. 1
136.2

-4. 1
-28.6
-18.9
-35.1
-57.4

46.8
33.1
21.0
37.5
56.0

156.4
138.7
197.8
283.0
135.2
219.3
125.4
127.3
197.1
155.2
144.4

155.0
260.5
189.8
373.3
176.0
179.6
251.5
226.7
320.9
177.7
180.5

-23.3
32.6
-28.4
-26. 1
-10.9
-42.6
-12.5
-16.0
-30.0
-16.3
-8. 1

25.9
22.7
33.3
47.3
23.2
44.5
21.2
8.4
31 . 1
26.6
19.0

161.6
128.7
124.0
161.4
92.4

17.7
-0.5
-6.8
81.8
24.7

35.4
20.6
21.0
-5.1
-32.1

226.8
355.1
117.9
245.3
84.5
142.9
120.2
94.6
334.6
110.3
102.4

133.1
311.5
-27.1
11.1
-47.2
20.3
-21 . 1
-39.3
64.7
24.2
26.7

-8.3
267.2
48.1
-10.4
104.6
-8.9
89.8
85.8
36.2
-33.7
-48.4

2ND QTR 1979

TOTAL B U ILD IN G
UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR-OK
L I T T L E ROCK-NORTH
L I T T L E ROCK: AR
P IN E B L U F F : AR
KENTUCKY
E V A N S V IL L E : IN-KY
L O U I S V I L L E : KY-IN
M IS S IS S IP P I
MISSOURI - EAST
ST. L O U IS : MO-1L
S P R IN G F IE L D : MO
TENNESSEE - WEST
MEMPHIS: TN-AR-MS
R E S ID E N T IA L

B U ILD IN G

UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR-OK
L I T T L E ROCK-NORTH
L I T T L E ROCK: AR
P IN E B L U F F: AR
KENTUCKY
E V A N S V IL L E : IN-KY
L O U I S V I L L E : KY-IN
M IS S IS S IP P I
MISSOURI - EAST
ST. L O U IS : MO-1L
S P R IN G F IE L D : MO
TENNESSEE - WEST
MEMPHIS: TN-AR-MS
NONRESIDENTIAL

BUILDING

135. 1
UNITED STATES
CMV STATE SUMMARY
155.8
CMV METROPOLITAN SUMMARY
194.8
130.6
ARKANSAS
FORT SMITH: AR-OK
208. 1
L I T T L E ROCK-NORTH
156.1
L I T T L E ROCK: AR
P IN E B L U F F: AR
182.7
KENTUCKY
121.9
72.5
E V A N S V IL L E : IN-KY
93.6
L O U I S V I L L E : KY-IN
M IS S IS S IP P I
131.0
MISSOURI - EAST
177.9
240.3
ST. L O U IS : MO-1L
90.0
S P R IN G F IE L D : MO
245.5
TENNESSEE - WEST
MEMPHIS: TN-AR-MS
254.5
3K USED WITH THE PERMISSION OF D0D6E CONSTRUCTION
POTENTIALS, MCCRAW-HILL INFORMATION SYSTEMS COMPANY




PREPARED BY FEDERAL RESERVE BANK OF S T .

29

LOUIS

PRODUCTION AND PRICE INDICATORS

HOUSING PERMITS
SEASONALLY ADJUSTED
INDEX:

1974-100

1974-100




1974-100
420
320
220
120

ARKANSAS

420
320
220
120
20

MISSOURI

420
320
220
120
20

30

P R O D U C TIO N AND P R IC E

IN D IC A T O R S

HOUSING PERMITS
SEASONALLY ADJUSTED
INDEX*

UNITED

STATES

CMV S T A T E

SUMMARY

CMV M E T R O P O L I T A N

SUMMARY

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING JUNE 1979

1974-100

FROM SAME
MONTHS A
YEAR AGO

APRIL
1979

MAY
1979

JUNE
197?

130.3

145.6

133.5

9.6

-15.0

124.7

145.6

127.0

92.5

-17.8

100.3

136.6

127.9

139.0

-16.7

FROM PREVIOUS
3 MONTHS

194.8

128.8

134.8

267.0

8. 1

131.2

140.2

150.5

306.8

28.6

KENTUCKY
LOUISVILLE:

138.0
83.4

186.9
118.4

137.0
88.3

172.1
519.2

-19.9
-32.8

79.0

115.9

85.2

-3.4

-17.3

126.4
107.7

160.7
170.3

128.2
141.4

177.8
78.2

00
CM
1

125. 1
1 12.8

136.4
126.9

144.9
143.2

148.7
281.0

-12.6
10.9

KY-I N

M ISSISSIPPI
MlSSOUR1
ST. L OUI S :
TENNESSEE
MEMPHIS:

MO-1L

TN-AR-MS

IO

AR KANS AS
L I T T L E ROCK-NORTH
L I T T L E ROCK: AR

-23.6

STATE SUMMARY-HOUSING PERMITS
COMPOUNDED ANNUAL RATES OF CHANGE
INITIAL iOUARTER

TERMINAL
OUARTER
1-75
2-75

2-75

3-75

6-75

1-76

2-76

3-76

6-76

1-77

2-77

3-77

1976*100
6-77

1-78

3-78

6-78

1-79
91.1

95.9

3-75

75.8

57.8

6-75

66.6

26.8

1-76

66.5

55.2

102.1
2.0

102.6
126.7

56.0 132.6

2-76

28.5

15.6

6.2

3-76

37.5

28.1

21.5

<►-76

69.6

1—77

105.3

5.3 -52.3

126.1

28.9

-6.1

<►2.8 <►0.0

51.6

31.6 118.1 166.5

39.6

32.8

29.0

35.2

18.1

59.7

65.3 -16.3

2-77

60.fi

35.1

32.1

37.9

26.2

57.8

67.6

16.2

52.3

3-77

60.7

35.6

33.0

38.2

26.7

56.0

65.6

22.2

65.9

6-77

32.9

27.9

26.9

28.2

17.7

36.8

27.7

8.6

17.2

92.9

39.7

180.7

2.8 -26.6

1-

78

26.5

19.5

16.2

17.9

8.3

21.8

12.8

-3.6

2-

78

25.5

20.9

18.0

19.7

11.2

23.7

16.0

2.3

6.1

-3.1 -16.3

-8.7

37.8

3-

78

23.3

19.0

16.3

17.7

9.9

20.6

13.7

1.8

6.8

-2.8 -11.2

-6.3

16.7

6-78

21.3

17.2

16.5

15.6

8.5

17.8

1-79

9.9

5.8

2.8

2.8

-3.9

2 .6

13.6

9.8

7.2

7.6

1 .6

7.9

2.6

1-75

2-75

3-75

6-75__ 1-76__ 2-78

3-76

~2—79

2!— 78




11.5

1.0

-0.7 -13.9 -32.6 -39.5

3.6

-3.0

-9.9

-5.8

168.6
161.0
-

160.5

1.2

9.2

158.7

6 .6

-3.9 -13.6 -13.3 -20.0 -27.1 -27.7 -26.6 -38.1 -51.0 -76.8
-6.2

-5.3 -10.7 -16.3 -16.8

6-76__ 1-77

2-77__ 3-77

6-77

-8.8 -17.8 -22.6 -30.6

92.5

1-78

JL-79

2-78 _

132.6

PREPARED .AT, FEDERAL RESERVE SANK OF SIV LOUTS l _
AUGUST t 1979

PREPARED BY FEDERAL RESERVE BANK OF ST.

31

LOUIS

PRODUCTION AND PRICE INDICATORS

PRICES

R E C E I V E D BY FARMERS -

UNITED

STATES

NOT SEASONALLY AD JU STED

CORN

BEEF C A T T L E
350
270
190
110

30

BROILERS
350

—

— 270
190
110

nlnlnln nlnlnln nlnlnln ■nlnlnln .. i. *in li i
350

350

— /

—

270
/v\/ A

190

V

— 270

.

190
110

I 10

30 ■ul.nl IIIn. ■i11111 n

111

n 11 iln In 111j 11-U.il L ■uLnliiin

nlnlnln niu 1-n.ln nlnlnln ■nlu.lnln nil iJuin.

350

350

—

270 —

— 270

190

190

110

110
-Li

Ini n.l n Jilnlnln nJn In In iilnlnlit iiLilii.li

ulnlnln nlnlnln ■uUilixln -ulnlnln ulnlnln

UPLAND COTT ON
—

—

-

-

-

-

190

350
270
190

1 10
30

30

TURKEYS

350
270

30

MILK

TOBACCO

30

30

HOGS

SOYBEANS

110
1 1 1 1 1 1 1 1 1 11

1t 1111I 1111

1 t 11 111 11 1 1

1 11111I 1 1 1 1

1975

1976

1977

1978

LATEST DATA PLOTTED*




11

I
1979

11111111111 11111111111 111111li111 11111111111 11111111111
1977
1975
1976
1978
1979

1I 111111

JUNE

PREPAREO BY FEDERAL RESERVE BANK OF ST.

32

LOUIS

30

PRO DUCTION AND P R I C E

PRICES

RECEIVED

BY FARMERS -

UNITED

INDICATORS

STATES

NOT SEASONALLY ADJUSTED
INOEXt 1971*100________

ALL FARM PRODUCTS
ALL CROPS
CORN
R IC E
SOYBEANS
TOBACCO
UPLAND COTTON

L I V E S T O C K AND L I V E S T O C K
PRODUCTS
BEEF CATTLE
BROILERS
HOGS
MILK
TURKEYS

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING JUNE 1979
FROM SAME
FROM PREVIOUS
MONTHS A
3 MONTHS
YEAR ACO

APRIL

lai-a.

MAY
1979

JUNE
197?

216.5

218.3

216.5

8.5

14.7

197.2

204.7

216.7

17.4

4.6

179.0
160.6
240.2
161.1
218.9

185.4
164.7
240.2
167.3
227.5

196.4
164.5
250.4
167.3
241.0

42.4
35.0
15.5
21.3
12.8

4.4
-14.7
7.7
9.3
4.7

231.3

228.8

216.9

3.3

23.4

249.8
205.0
247.1
197.6
196.7

246.7
210.8
243.2
195.9
192.5

230.8
191.9
221.5
195.9
182.5

39. 1
-5.5
-51.4
-10.6
-27.3

41.5
-2.2
-9.0
15.0
5.9

PRICES—ALL FARM PRODUCTS
COMPOUNDED ANNUAL RATES OF CHANGE
TERMINAL
QUARTER

___ INITIAL QUARTER
1-75

2-75

3-75

A—75

1-76

2-76

3-76

A—76

1-77

2-77

3-77

1971*100
A —77

1-78

2-78

3-78

A—78

1-79
161.8

2-75

13.A

3-75

20.6

A—75

8.3

5.9 -12.6

1-76

5*2

2.6

-8.2_ -3.6

2-76

6.9

5.3

-l.A

A.7

13.7

3-76

A.5

2.8

-2.8

0.7

2.9

A—76

-0.1

-2.2

-7 .A

-6.1

1-77

2.8

1.3

-2.6

—0. A

172.2

28.3

166.5
165.0
170. A
167 .A

-6.9

-6.9 -15.8 —23.8
O.A

-3.7

156 .A

-2.1

25.7
15.8

165.6

2-77

3.2

2.0

-1.3

0.7

1.6

-1.2

0.7

3-77

-0.1

-1.5

-A.7

-3.5

-3.5

—6.6

-6.5

6.7

168.3

0.1 -10.7 -25.2

156.5

A—77

0.5

-0.7

-3.5

-2.2

-2.1

-A.5

-A.0

1.7

1-78

3.0

2.1

-0.2

1.3

1.9

0.3

1.5

7.6

3.A

2.A

19.8

3A.A

2-78

6.0

5.A

3.5

5.3

6.3

5.A

7.3

13.6

11.3

12.5

28.9

A1.6

A9.1

9.3

9.9

21.0

26.1

22.1

0.0

9.3

9.7

18.5

21.6

17.6

A.A

8.9

-5.2 -10.6

6.8

159.1
171.3
189.3

3-78

5.5

A.9

3.2

A.8

5.6

A .8

6 f3

11.5

A—78

5.8

5.2

3.6

5,1

5.9

5.2

6.6

11.2

1-79

7.9

7.6

6.2

7.8

8.8

8 .A

10.1

1A.6

13.3

IA.3

22.7

26.1

2 A .2

16.8

26.3

A6.3

1A.0

12.8

13.6

20.6

23.0

20.9

1A.7

20.0

26.0

8.5

A—76

1-77

2-77

3-77

A—77

1-78

2-78

3-78

A—78

1-79

2-79

8.0

7.6

1-75

2-75




3-75

7.9

8.8

8.A

9.9

A-75

1-76

2-76

3-76

189.3
193.A
212.7
217.1

INITIAL QUARTER

PREPARED BY FEDERAL RESERVE BANK OF ST.

33

LOUIS

FINANCIAL INDICATORS

METROPOLITAN MEMBER BANK DATA
SEASONALLY ADJUSTED
INDEX:

1974-100

TOTA

1974-

D EP O SITS

210

1
i

-

u.s.

SMSA18

— 170
130
90

nluliiln nlnlnlu nlnlnlu nil il nl u,
1975
1976
1977
1978

E V A N S V IL LE :

II

1I I 1I I 1|I
1979

50

IN -K Y
210

170
130
90
50
210

210
—

—

1

M 1

170 —
130

170
130

90

90

50 7il.il u l u . S l h ± 1nil i nl nl nl u nl nl nl u 111II1II l-U.

i 111111111i i 11111i 11i i i 111i 1i 11i i i 11i 11( 11i i i i 1i i 1i i 1i i

50

K Y - IN

E:
210

210
—

170

____

__ 170

130

130

90

90

50

11111111111

uliilnln tilnlulu u l i i l n l n u luln lu.

M EM PH IS:

nl nl nl u itii.iiLulu. ■111II 11li It 111II 111III nl nl nl u

210

210

170 —

—

—

— 170

130

130

90
50

50

TN -A R -M S

90
nlnlnlu -ill 111uli i nl nl nl u nlnlnlu. -Ill ulxilx-i

■nlnJ.ii In nl 111111n nl nl nl u nl nLi ln n Lull tin.

LATEST DATA PLOTTED: JUNE



34

PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS

50

FINANCIAL INDICATORS

M E T R O P O L I T A N MEMBER BANK DATA
SEAS ONALLY ADJ UST ED
__________ INDEX: 1974-100________

TOTAL LOANS
UNITED STATES
METROPOLITAN S U M M A R Y *
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: MO- 1L
SPRINGFIELD: MO
TEXARKANA: AR
TOTAL DEPOSITS
UNITED STATES
^
METROPOLITAN S U M M A R Y *
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
TEXARKANA: AR

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING JUNE 1979
FROM SAME
MONTHS A
FROM PREVIOUS
YEAR AGO
3 MONTHS

MAY
1979

JUNE
1979

N.A.
145.2
178.9
180.5

N.A.
149.4
184.3
178.2

N.A.
151.1
186.3
181.8

N.A.
16.3
24.6
3.2

N.A.
1 1.7
19. 1
12.1

218.1
169.9

217.7
172.7

223.1
174.7

10.5
8.5

9.3
5.8

164.7
158.4
106.7
161 .8
145.2
133.0
180.1

173.3
162.4
105.8
161.7
149.7
130.5
180.3

177.6
167.3
108.0
166.6
152.1
127.6
188.8

48.2
11.3
14.3
14.1
14.9
0.3
19.0

6.7
15.2
2.6
14.7
17.0
-15.6
18.2

N.A.
135.6
169.3
165.8

N.A.
133.7
168.3
166.2

N.A.
135.4
173.5
167.9

N.A.
2.7
13.2
-0.7

N.A.
3.3
9.2
7.8

183.6
165.4

181.6
164.8

184.6
165.5

8.3
-7.4

8.4
3.6

149.8
160.1
111.9
156.0
124.7
123.8
163.9

146.6
158.4
111.3
155.3
121.9
122.4
163.6

149.6
159.2
111.8
151.3
124.5
121.1
166.4

10.3
-2.7
-5.5
3.4
7.1
6. 1
9.0

-0.2
10.1
-4.3
7.0
3.6
-17.8
7.4

APRIL
1979

AVERAGE NUMBER OF MEMBER BANKS
MAY
1979

APRIL
STATE SUMMARY
(EIGHTH DISTRICT ) w
METROPOLITAN S U M M A R Y *
NONMETROPOLITAN SUMMARY
ARKANSAS
F A Y E T T E V 1LLES P R 1N G D A L E : 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

-L9I.9...

JUNE

1978

403.00
121.00
280.00
74.00

400.00
119.40
278.60
74.00

400.00
120.00
278.00
74.00

418.00
126.00
290.00
78.00

6.00
3.00

6.00
3.00

6.00
3.00

6.00
3.00

7.00
4.00
3.00
49.00
41.00
8.00
31.00
128.00
102.00
40.00
13.00
27.00
17.00
16.00
89.00
4.00
61.00
4.00
46.00
14.00
8.00
9.00

7.00
4.00
3.00
49.00
41.00
8.00
31.00
127.00
101.00
39.20
12.20
27.00
17.00
16.00
87.80
4.00
60.20
4.00
45.60
14.00
8.00
9.00

7.00
4.00
3.00
49.00
41.00
9.00
31.00
127.00
101.00
40.00
12.00
27.00
17.00
16.00
87.00
4.00
60.00
4.00
45.00
14.00
8.00
9.00

7.00
4.00
3.00
53.00
41.00
8.00
31.00
130.00
104.00
40.00
13.00
27.00
16.00
15.00
98.00
4.00
64.00
5.00
51.00
15.00
9.00
9.00

3K EXCLUDES BANKS IN TWO METROPOLITAN AREAS




JUNE
1979

PREPARED BY FEDERAL RESERVE BANK OF ST.

35

LOUIS

FINANCIAL INDICATORS

NONMETROPOL ITAN MEMBER BANK DATA
SEASONALLY ADJUSTED
INDEX: 1 9 7 4 - 1 0 0
1974-100

TO TAL D E P O S I T S

TOT AL LOANS

210

1974-100
210

170

170

130

130

90

90

50

50

N O N M E T R O P O L I T A N ARKANSAS
—

—

_

[

170

111

210

130

210

170
130
90

90
50 ululnlii nlululu ulnlnLu. 1111.111ii.U. nlululu.

■i111111tin .nil illlIu n lull illi ululnlii.. 111»i1111ix

50

N O N M E T R O P O L I T A N KE N T U C K Y

NONM ETROPOLITAN M I S S I S S I P P I

\

170 —

210

i l l .

210

170

130

130

90

90

50 Ttli.il u l l .

II 11 1 111 111

u lu ln lix u lu ln lii

ii I n i

n In.

50

NO NM ETROPOLITAN M IS S O U R I

NO NM ETROPOLITAN TENNESSEE
210

210

130

11L

170

—

11111111111 11111111111
50 11111111111 11111111111 11111111111
1977
1975
1976
1978
1979




— 170
130

90

LATEST DATA PLOTTED:

—

JUNE

90
11111111111 1111111111t 11111111111 11111111111 11111111111 50
1975
1976
1977
1978
1979
PREPARED BY FEDERAL RESERVE BANK OF ST.

36

LOUIS

FINANCIAL

INDICATORS

N O N M E T R O P O L I T A N MEMBER BANK DATA
SEASONALLY ADJUSTED
COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING JUNE 1979

INOEXt 1974-100

TOTAL

FROM PREVIOUS
___3 MONTHS__

FROM SAME
MONTHS A
YEAR AGO

APRIL
1979

MAY
1979

JUNE
1979

170.4

171.5

174. 1

11.2

7.8

151.0
198. 1
176.0
187.6
163.8
157.9
151.2

152.6
197. 1
176.7
187.8
166.4
158.6
156.3

155.8
200.3
178.6
189.9
168.7
159.2
156.5

10.9
6.5
9.8
19.0
20.6
9.3
16.2

1.7
9. 1
13.6
12.7
17.3
2.3
8.1

149.2

149.2

150. 1

7.9

3.5

137.5
156.7
147.6
168.2
158.0
139.6
142.9

138.3
154.6
149.0
168.4
159. 1
138.8
145.2

139.2
156.2
150.3
169.9
160.0
138.7
144.8

8.5
1.8
10.9
13.6
6.5
5.7
11.3

-0.3
2.6
8.8
9.5
10.6
-3.9
8.7

LOANS

NONMETROPOLITAN SUMMARY
ARKANSAS
IL L IN O IS
INDIANA
KENTUCKY
M IS S IS S IP P I
MISSOURI
TENNESSEE

IQ JA-L QEPQ&JI&.
NONMETROPOLITAN SUMMARY
ARKANSAS
IL L IN O IS
INDIANA
KENTUCKY
M IS S IS S IP P I
MISSOURI
TENNESSEE

MEMBER BANK DATA BY S T A T E
SEASONALLY ADJUSTED
COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING JUNE 1979

INDEXt 1974-100

TOTAL

MAY
1979

JUNE
1979

FROM PREVIOUS
___3 MONTHS__

151.9

155.4

157.8

15.5

10.5

162.8
175.9
171.8
166.0
165.3
147.0
111.4

166.5
177.2
171.4
168.9
167.0
151.1
111.7

170.2
179.9
174.6
173.3
169.2
153.6
113.4

23.0
8.5
6.8
12.7
18. 1
14.5
16.1

6.0
10.4
12.5
14.6
16.7
13.7
3.4

140.4

139.0

140.4

4.7

3.4

148. 4
143.0
152.2
163.5
160. 1
129. 1
115.4

147.5
141.7
153.0
162.4
160.4
126.6
115.3

148.8
142.6
154.2
163.6
161.4
129.0
115.9

7.0
2.9
5.1
1.7
3.0
8.2
-2.4

LOANS

STATE SUMMARY
(EIGHTH DISTRICT )
ARKANSAS
ILLINOIS
1ND1ANA
KENTUCKY
MISSISSIPP1
MISSOURI
TENNESSEE
TOTAL

FROM SAME
MONTHS A
YEAR ACO

APRIL
1979

D EP O S IT S

STATE SUMMARY
(EIG H T H D IS T R IC T )
ARKANSAS
IL L IN O IS
INDIANA
KENTUCKY
M IS S IS S IP P I
MISSOURI
TENNESSEE




1.6
3.4
8.4
10.0
9.7
1.0
-2.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

37

F IN A N C IA L

IN D IC A T O R S

S A V I N G S AND LOAN A S S O C I A T I O N

DATA

SEASONALLY ADJUSTED
INDEX:

1974-100

ARKANSAS

M IS S O U R I

260
220 —

—

260

—

— 220

180

180

140
100

—
hi In 1 n»j-L nlnlnln

nlnlnln nil illilll n lull lIil

140
t.i ITT XL1.111II1II

illn In In iilnlixlai- n l n l n l n

TENNESSEE

260
220 —

—

—

100

260
—

220

180

180

140

140
4H 1111111II 11111l1111i 11111111111 11111111111 11111111111
100
1975
1977
1976
1978
1979

■M 111111111 11111111111 11111111111 11111111111 11111111111
100
1977
1975
1976
1978
1979
LATEST DATA PLOTTED: JUNE



PREPARED BY FEDERAL RESERVE BANK OF ST.

38

LOUIS

FINA NCIAL

S A V I N G S AND LOAN A S S O C I A T I O N

INDICATORS

DATA

SEASONALLY ADJUSTED
INDEXi 1974-100

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING JUNE 1979
FROM SAME
MONTHS A
FROM PREVIOUS
y e a r AGO
___3 MONTHS__

APRIL
1979

MAY
1979

JUNE
1979

189.3
190.8
181.9
208.5
192.7

194.5
191.9
182.7
211.1
194.6

196.5
192.7
183.4
211.9
193.8

14.2
6. 1
6.8
13.1
1 1.0

13.1
10.8
10.3
15.9
13.9

196.0
183.6
186.3
169.8
235.8
180.8
183.1
167.3
192.5
184.8

200.3
183.4
186.8
170.0
236.4
181.6
183.7
166.6
193.7
185.2

199.9
184.2
188.7
170.7
235.4
182.2
184.8
168.1
195.1
185.2

23.2
4.2
6.0
3.1
2.4
5.7
6.6
4.7
4.7
2.9

16.2
15.1
9.2
6.0
10.3
9.7
10.5
8.2
11.3
9.7

185.3
190.7
177.6
203.5
203,5

187.2
191.8
178.2
204.5
205.2

188.7
192.6
179.2
205.5
207.4

10.2
6. 1
6.5
7.4
19.4

12.1
11.3
11.0
10.8
15.6

183.0
166.5
186. 1
167.9
219.0
182.3
178.1
181.3
197.1
176.4

183.9
164.9
187.1
167.8
220.0
183.5
178.8
182.0
198.3
177.8

184.7
164.6
188.0
169.0
218.1
184.5
180. 1
182.3
198.8
177.9

4.5
-4.2
5.3
2.4
0.5
7.1
8.0
3.1
6.7
4.9

8.4
2.0
9.5
7.4
10.3
11.5
11.9
14.0
13.2
10.6

TOTAL SAVINGS
UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITHs AR
L I T T L E ROCK-NORTH
L I T T L E ROCK: AR
P IN E B L U F F: AR
KENTUCKY
L O U I S V I L L E : KY-IN
M IS S IS S IP P I
MISSOURI
ST. L O U IS : MO-1L
S P R 1N 6 F 1ELDs MO
TENNESSEE
MEMPHIS: TN-AR-MS

MORTGAGE LOANS OUTSTANDING
UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR
L I T T L E ROCK-NORTH
L I T T L E ROCK: AR
P IN E B L U F F: AR
KENTUCKY
L O U I S V I L L E : KY-IN
M IS S IS S IP P I
MISSOURI
ST. L O U IS : MO-1L
S P R IN G F IE L D : MO
TENNESSEE
MEMPHIS: TN-AR-MS

NUMBER OF SAV1NGS AND LOAN ASSOCIATIONS

UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR
L I T T L E ROCK-NORTH
L I T T L E ROCK: AR
P IN E B L U F F: AR
KENTUCKY
L O U I S V I L L E : KY-IN
M IS S IS S IP P I
MISSOURI
ST. L O U IS : MO-1L
S P R IN G F IE L D : MO
TENNESSEE
MEMPHIS: TN-AR-MS



APRIL
■laiJL

MAY
1979

JUNE
1979

JUNE
1.878

4,037
445
90
75
4

4,037
442
92
75
4

4,041
443
92
75
4

4,056
447
91
73
4

7
3
103
11
60
112
55
5
95
5

7
3
103
12
60
112
55
5
92
6

7
3
103
12
60
112
55
5
93
6

7
3
105
12
60
112
54
5
97
6

PREPARED BY FEDERAL RESERVE BANK OF ST.

39

LOUIS

POPULATION
Bureau of the Census

Compounded Annual
Rates of Change
1970
1960
to
to
1977
1970

1970

1977*

203,305,000

216,856,000

.9

1.3

15,964,668

17,091,000

1.0

.7

CMV Metropolitan Areas

5,654,793

5,860,800

.5

1.3

Arkansas
FayettevilleSpringdale: AR
Fort Smith: AR-OK
Little Rock-North
Little Rock: AR
Pine Bluff: AR
Texarkana: AR-TX

1,923,322

2,144,000

1.6

.7

127,846
160,421

154,700
187,000

2.8
2.2

3.3
1.7

323,296
85,329
113,488

369,100
84,400
118,600

1.9
- .2
.6

1.7
.5
1.2

Kentucky
ClarksvilleHopkinsville: KY-TN
Evansville: IN-KY
Louisville: KY-IN
Owensboro: KY

3,220,711

3,458,000

1.0

.6

118,945
284,959
867,330
79,486

145,100
290,600
883,100
80,300

2.9
.3
.3
.1

.6
.5
1.4
1.2

Mississippi

2,216,994

2,389,000

1.1

.2

Missouri
Columbia: MO
St. Louis: MO-IL
Springfield: MO

4,677,623
80,935
2,410,602
168,053

4,801,000
88,800
2,379,800
192,900

.4
1.3
2.0

.8
3.9
1.2
1.9

Tennessee
Memphis:

3,926,018
834,103

4,299,000
886,400

1.3
.9

1.0
1.4

United States
CMV States

* Provisional




TN-AR-MS

_

2