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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