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URAL MISSISSIPPI VALLEY
[OMIC INDICATORS

1ST QUARTER 1982



Prepared by Federal Reserve Bank of St. Louis
Released: July 12, 1982

DATA DESCRIPTION

Selected economic data for the Central Mississippi Valley (CM V) 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 o f these
states. Also, the metropolitan summary of population includes 13 SMSAs in the CMV.
Metropolitan arenas 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. A ll 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
Consumer price indices are from the U.S. Department o f Labor. Electric
power consumption data for the Eighth Federal Reserve District are based on reports to
this Bank from various utility and self-generating firms, in the District and U.S. data are
obtained from the Board of Governors of the Federal Reserve System. The series Value
o f Construction Contracts Let are from Dodge Construction Potentials, McGraw-Hill
Information Systems Company. Housing permits are from the U.S. Department o f
Commerce.

Financial Indicators
Toted loan and deposit data for states, metropolitan areas, and nonmetropolitan
areas are only from member banks in the Eighth District. Such data are not strictly
comparable over time due to withdrawals and additions of member banks (see average
number of member banks, page 35). In addition, beginning January 1981, member banks
with deposits of under $15 million (approximately 90 in the Eighth District) report deposit
figures quarterly rather than weekly. 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 ACTIVITY
The pace of economic activity in the Central Mississippi Valley
(CMV) continues to reflect the forces of the recession that began in
August 1981. Payroll employment in five CMV states showed slight growth
in the past quarter, but other measures of economic activity such as
construction and automobile manufacturing remain severely depressed.
Payroll employment in the CMV states increased at a slight 0.3
percent annual rate in the first quarter, following three consecutive
quarters of decline. Gains in Kentucky, Mississippi and Tennessee more
than offset declines in Missouri and Arkansas. Improved employment
performance, although not uniform across states, is in mariced contrast to
the second half of 1981 when employment declined in each of the five CMV
states. First-quarter employment gains were especially strong in the
Louisville and Evansville metropolitan areas.
Recent improvement in payroll employment for states in the CMV
reflects increases in the nonmanufacturing sector. Manufacturing
employment continued to decline in the first quarter for all the CMV
states and their metropolitan areas, except Louisville. In St. Louis,
auto employment fell at a 38 percent annual rate in the first quarter,
and is down 69 percent from its recent peak in the fourth quarter of 1978.
EMPLOYMENT IN ST. LOUIS AUTO MANUFACTURING
(Number of persons)
I
1978
1979
1980
1981
1982

26,955
27,894
14,053
10,643
8,930

II

III

IV

28,186
26,322
13,657
9,396

25,102
20,546
12,534
7,894

28,442
18,145
11,680
10,075

Construction remains sluggish both in the CMV and the nation. The
value of total building construction in the CMV states fell at a 69
percent rate in the first quarter, compared with a 42 percent rate of
decline for the nation. Construction 1s weak in both residential and
nonresidential types of building.




3

I NCOME AND TRADE

INDICATORS

PERSONAL

INCOME

SEASONALLY ADJUSTED
INDEX: 1971-100
1971-100

360
300
240
180
120




1971-100

TENNESSEE

I NCOME AND TRADE

PERSONAL

INDICATORS

INCOME

S E A S O N A L L Y A D J U S T ED
INDEX:

COMPOUNDED ANNUAL
______ RATES OF CHANGE

1971-100

4TH QTR 1980
TO
4TH QTR 1981

3RD QTR 1981
TO
4TH QTR 1981

3RD
QUARTER
1981

4TH
QUARTER
1981

UNITED STATES

284.2

289.3

7.3

10.4

CMV STATE SUM MAR Y

290. 1

293. 1

4.3

10.3

AR K AN SA S

321.6

321 .3

-0.4

10.8

KE N TU CK Y

293. 1

294.5

1 .9

9.5

MISSISSIPPI

299.3

303.2

5.3

9.7

MISSOURI

266.7

270.7

6. 1

10.9

TE NN ESS EE

302.0

306.2

5.6

10.5

-----STATE SUMMARY-PERSONAL INCOME----COMPOUNDED ANNUAL RATES OF CHANGE
TERMINAL
IN IT IA L QUARTER
1971*100
"QUARTER----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------1 -7 9
2 -7 9
3 -7 7
4 -7 7
4 -7 8
1-78
2 -7 8
3 -7 8
4 -7 9
1 -7 7
2 -7 7
1-80
2 -8 0
3 -8 0
4 -8 0
1 -8 1
2 -8 1
3 -8 1
3 -7 9
2 -7 7

1 0 .5

3 -7 7

1 2 .4

1 4 .4

4 -7 7

1 2 .6

1 3 .6

1 2 .9

1 -7 8

1 1 .2

1 1 .4

9 .9

7 .0

2 -7 8

1 2 .2

1 2 .6

1 2 .0

1 1 .6

16.3

3 -7 8

1 2 .5

1 2 .9

1 2.5

1 2 .4

15.1

181.8
188.0
193.8

2 0 4 .7
1 4 .0

2 1 1 .5

4 -7 8

1 2 .7

1 3 .1

1 2 .9

1 2 .8

14.9

14 .1

1 4 .3

1 -7 9

1 3 .2

1 3 .5

1 3 .4

1 3 .5

15.2

1 4 .8

1 5 .2

1 6 .1

2 1 8 .7
2 2 7 .0

2 -7 9

12*2

1 2 .5

1 2 .2

1 2 .1

13.1

1 2 .3

1 1 .8

1 0 .5

5 .2

3 -7 9

1 2 .4

1 2 .6

1 2 .4

1 2 .3

13.3

1 2 .7

1 2 .3

1 1 .7

9 .6

1 4 .1

4 -7 9

12*4

1 2 .5

12 .3

1 2 .3

13.1

1 2 .5

1 2 .2

1 1 .7

1 0 .3

1 2 .9

1 1 .4

1 0 .8

9 .5

1 1 .0

9 .5

7 .2

9 .2

7 .9

8 .6

6 .8

4 .4

2 2 9 .9
2 3 7 .6
11 .8

2 4 4 .3

1 -8 0

1 1 .9

1 2 .1

11.8

1 1 .7

12.3

1 1 .7

2 -8 0

1 1 .1

1 1 .1

1 0 .9

1 0 .7

11.1

1 0 .4

3 -8 0

1 1 .4

1 1 .4

1 1 .2

1 1 .0

11 .4

1 0 .9

1 0 .5

1 0 .0

9 .0

9 .8

8 .8

7 .8

8 .0

1 4 .9

4 -8 0

1 1 .4

1 1 .4

11.2

1 1 .1

11.5

1 1 .0

1 0 .7

1 0 .2

9 .4

1 0 .1

9 .3

8 .7

9 .2

1 3 .2

9 .9 .

24 8 .6
1.6

2 4 9 .6
2 5 8 .4
1 1 .6

2 6 5 .6

1 -8 1

1 1 .6

1 1 .7

11.5

1 1 .4

11.8

1 1 .4

1 1 .2

10 .8

1 0 .2

1 0 .9

1 0 .4

10.1

10.8

1 4 .1

1 3 .7

1 5 .8

2 -8 1

1 1 .4

1 1 .4

11.2

1 1 .1

11.4

1 1 .0

1 0 .8

1 0 .4

9 .8

1 0 .4

9 .9

9 .5

10.0

1 2 .2

1 1 .4

1 1 .2

6 .8

3 -8 1

1 1 .6

1 1 .6

1 1 .5

1 1 .4

11.7

1 1 .3

1 1 .1

1 0 .8

1 0 .3

1 0 .9

1 0 .5

1 0 .3

10.8

1 2 .8

1 2 .3

1 2 .5

1 0 .9

1 5 .1

4 -8 1

1 1 .2

11.2

1 1 .0

1 0 .9

11.2

10 .8

1 0 .6

1 0 .3

9 .7

1 0 .2

9 .8

9 .5

9 .9

1 1 .3

1 0 .6

1 0 .4

8 .6

9 .5

4 .2

1 -7 7

2 -7 7

3 -7 7

4 -7 7

1-78

2 -7 8

3 -7 8

4 -7 8

1 -7 9

2 -7 9

3 -7 9

4 -7 9

1-60

2 -8 0

3 -8 0

4 -8 0

1-81

2 -8 1

3 -8 1




.

197.1

IN IT IA L

2 7 5 .5
2 8 0 .1
2 9 0 .1
2 9 3 .1

QUARTER

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

I NCOME AND TRADE

INDICATORS

DEPARTMENT STORE SALES
SEASONALLY ADJUSTED
INDEX: 1971-100
1971-100




1971-100

MEMPHIS:

TN-AR-MS

NEW PASSENGER CAR REGISTRATIONS

1981

United States 2/
Domestically Produced
Imported
CMV State Summary
Arkansas
Kentucky
Mississippi
Mi ssouri
Tennessee

1/

1982

January

February

March

648,000
470,000
178,000

764,000
544,000
220,000

963,000
719,000
244,000

38,458
5,503
5,432
5,805
11,764
9,954

41,555
5,974
7,001
3,652
13,474
11,454

46,628
8,386
6,985
5,801
14,196
11,260

January

February

535,000 • 632,000
368,000
457,000
166,000
175,000
31,688
3,214
6,032
3,552
10,457
8,433

36,367
6,287
5,939
4,770
10,078
9,293

1/Used with permission of R. L. Polk and Company* not seasonally adjusted.
7/New passenger car retail sales.




Cumulative
to Date
March

1981

Percent
Change
1981 >82

1982

1981-82

777,000
576,000
201,000

2,375,000
1,733,000
642,000

1,944,000
1,401,000
542,000

-18.1
-19.2
-15.6

41,304
6,144
8,008
4,705
12,833
9,614

126,641
19,863
19,418
15,258
39,434
32,668

109,359
15,645
19,979
13,027
33,368
27,340

-13.6
-21.2
2.9
-14.6
-15.4
-16.3

I NCOME AND TRADE

INDICATORS

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

1971-100

1971-100
450
- u.s. ____
STATES
350

1971-100
450

250

/ A

250

v v ------

|-|/^\

150

150
. . 1 . . 1 . . 1 . . . . 1 . . 1 . . 1 . . 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 l 1 1 1 1 l l . . 1 . . 1. . 1 . . 1 1 1 1 1 1 1 1 1 1 1 . . 1 . . 1 . . 1 . .

50

1976

1977

1979

1978

1982
1 .1 ,.,.

A V- N s/ r -^ A

/ S ____ v

S

*

*w

N/

150
”

. 1 . . 1 . . 1 . .




. . 1 . . 1 . . 1 . . -J -J 1—L .1 1 L .i 1 1 L

.................1 ...................

KENTUCKY

■ .............................

~

^

a

/^

W^

...1

—

250
50

1981

ARKANSAS

450
350

1980

50

450
350
250
150

■ . i ■ 1.11 1. ■ 1 ■ ■

■■i ■■i . ■i ■■

50
450
350
250
150
50

M ISSISSIPP I

MISSOURI

TENNESSEE

450
350
250
150
50

8

I NCOME AND TRADE

INDICATORS

FARM CASH R E C E I P T S
SEASONALLY ADJUSTED
COMPOUNDED ANNUAL
RATES OF CHANCE
3 MONTHS ENDING MARCH 1982

INDEX: 1971-100

FROM PREVIOUS
3 MONTHS

FROM SAME
MONTHS A
YEAR AGO

JANUARY
1982

FEBRUARY
1982

MARCH
1982

UNITED STATES

239.8

221.0

215.4

-55.6

-16.9

CMV STATE SU MMA RY

234.9

207.2

203.3

-62.7

-9.9

ARKAN SAS

216.7

230.7

239.6

-49.7

-15.3

KENT UCK Y

339.1

260.0

274.2

-26.3

8.9

MISSISSIPPI

217.8

161.3

189.3

-63.6

-10.9

MISSOURI

209.9

191.1

183.7

-66.9

-17.5

TE NN ESS EE

234.2

201.1

147.7

-75.4

-15. 1

STATE SUMMARY-FARN CASH RECEIPTS
COMPOUNDED ANNUAL RATES OF CHANGE
TERMINAL_______________________________________________________ INITIAL QUARTER_______________. .
QUARTER
1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80

__________________________ 1971«100
3-80

4-80

1-81

2-81

3-81
185.2

2-77

9.1

3-77

8.7

8.2

4-77

13.2

15.2

22.7

1-78

23.4

28.6

40.1

60.0

188.9
198.8
223.6

2-78

20.6

23.7

29.3

32.7

10.0

3-78

14.3

15.4

17.2

15.4

-2.0 -12.6

229.0

4-78

16.8

18.2

20.3

19.7

8.6

7.9

33.3

1-79

19.2

20.8

23.0

23.0

15.2

17.0

35.4

37.5

2-79

15.5

16.3

17.5

16.7

9.5

9.4

17.9

10.9 -10.6

221.4
237.9
257.6
250.5

-0.9 -15.9 -20.8

236.3

3-79

11*2

11.4

11.8

10.4

3.8

2.5

6.7

4-79

12.5

12.9

13.4

12.3

6.7

6.2

10.4

5.3

-3.6

0.1

26.5

1-80

11.4

11.7

12.0

10.9

5.9

5.3

8.7

4.3

-2.6

0.2

12.6

2-80

8.9

8.9

8.9

7.6

3.0

2.2

4.5

0.3

-5.8

-4.6

1.5

3-80

12.4

12.7

13.0

12.2

8.3

8.1

11.0

8.2

3.9

7.1

15.5

250.6
0.3

250.8

-9.0 -17.5
12.0

18.4

239.0
70.0

4-80

8.5

8.5

8.5

7.4

3.5

2.9

4.8

1.7

-2.6

-1.2

3.3

-1.8

-2.5

1-61

7.1

7.0

6.9

5.8

2.2

1.5

3.1

0.2

-3.7

-2.7

0.7

-3.8

-4.8

2-81

9.1

9.1

9.2

8.3

5.1

4.7

6.4

4.1

0.9

2.4

6.3

3.2

3.8

10.0

3-81

10.8

10.9

11.0

10.3

7.4

7.2

9.1

7.1

4.4

6.3

10.2

8.1

9.5

4-61

9.2

9.2

9.3

8.5

5.7

5.4

6.9

5.0

2.4

3.8

7.0

4.8

5.5

1-77

2-77

3-77

4-77

1-78

2-78

3-78

4-78

1-79

2-79

3-79

4-79

1-80




6.0

272.9
t 33*9

246.1

-0.1 -23.4 -11.3

238.8

-4.9

14.0

15.8

5.2

22.9

44.6

9.9

0.7

11.9

20.9

2-80

3-80

4-80

1-81

46.7

262.8
42.6

287.2

9.7 -15.6
2-81

275.3

3-81

* N it t A L QUARtER

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

EMPLOYMENT

INDICATORS

TOTAL

EMPLOYMENT

SEASONALLY ADJUSTED
I NDEX:

1971-100

1971-100




1971-100

ARKANSAS

135
125
1 15
1 05
95

KENTUCKY

135
125
1 15
105
95

M ISSISSIPP I

MISSOURI

TENNESSEE

135
125
I 15
105
95

10

EMPLOYMENT

INDICATORS

TOTAL EMPLOYMENT
SEASONALLY ADJUSTED
INDEX;

MARCH
1982

FEBRUARY
1982

JANUARY
1982

UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR-OK
LITTLE ROCK-NORTH
LITTLE ROCK: AR
PINE BLUFF: AR
KENTUCKY
EVANSVILLE: IN-KY
LOUISVILLE: KY-IN
MISSISSIPPI
MISSOURI
ST. LOUIS: MO-IL
SPRINGFIELD: MO
TENNESSEE
MEMPHIS: TN-AR

1971-100________

125.5
121.2
i m .7
130.9
135.9
136.3
124.0
124.5
122.0
112.3
130.6
112.1
109.5
134.6
120.8
112.1

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING MARCH 1982
FROM PREVIOUS
3 MONTHS

FROM SAME
MONTHS A
YEAR AGO

125.5

125.4

-1.9

-0.6

120.8

119.8

-5.1

-2.3

114.3

113.8

-6.4

-2.6

130.6
133.3

128.6
129.6

-6.5
-3.5

-2.0
-5.4

136.7
123.9

135.0
121.8

-8.1
-12.5

-1.9
-3.2

123.6
121.0
112.6

121 .9
121.0
112.0

-10.3
-7.2
-3.5

-4.6
-2.7
-5.4

131.9

131.9

6.3

0.5

112.2
109.0
135.5

113.1
109.8
136.2

-4.8
-6.0
-7.6

-2.2
-2.1
-1.5

1 19.4
110.7

117.1
108.8

-5.2
-5.3

-2. 1
-1.3

STATE SUNNARY-TOTAL EMPLOYMENT
CONFOUNDED ANNUAL RATES OF CHANCE
INITIAL QUARTER

TERMINAL
QUARTER
H

I

2-78

3-78

4-78

1-79

2-79

2—38

2,8

3-78

3 ,3

3.8

4 —78

3 *3

3.9

1 -7 9

2*6

2.9

1.9

-0.3

2-79

2.3

2.5

2.0

1 .0

2.3

3-79

2t 3

2.3

2.2

1.6

2.5

2.7

4-79

2.4

2.4

2.1

1.6

2.2

2.2

3-79

4-79

1-80

2-80

3-60

1971*100
4-80

1-81

2-81

3-81

4-81

118.3
119.4
4.1

120.6
120.5
121.2
122*0
1.6

122.5

x-eo

2*3

2.3

2.0

1.6

2.1

2.0

1.6

1.6

2-80

1,7

1.6

1.3

0 .8

1.1

0.7

0 .1

-0.7

3-80

1.2

1.0

0.7

0.2

0.3

- 0 .1

-0.8

-1.6

-3.2

-3.6

4-80

2*3

1.1

0.9

0.5

0.6

0.3

-0.2

-0.7

-1.4

-0.7

2.3

123.0
-2.9

122*1
121.0
121.7

1-81

1 ,6

1.5

1.3

1 .0

1.2

1 .0

0.8

0.6

0.3

1.4

4.0

5.7

2-81

1.1

0.9

0.7

0.3

0.4

0.2

-0.2

-0.5

-0.9

-0.4

0.7

-0.2

123.4
-5.7

121.6

3-81

1 *1

1 .0

0 .8

0.5

0.6

0.4

0 .1

-0.1

-0.4

0.1

1.0

0.5

-1.9

2.0

4-81

1.1

0.9

0.7

0.4

0.5

0.3

0 .1

-0.1

-0.4

0.1

0 .8

0.4

-1.3

1 .0

0.0

1-82

O.T

0.5

0.3

0 .0

0 .0

-0.2

-0.5

-0.7

-1.0

-0.7

-0.2

-0.7

-2.3

-1.1

-2.6

-5.1

1-78

2-78

3-78

4-78

1-79

2-79

3-79

4-79

1-80

2-80

3-80

4-80

1-81

2-81

3-81

4-81




122.2
122.2
120.6

IN IT IA L QUARTER

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

EMPLOYMENT

INDICATORS

UNEMPLOYMENT RATE
SEASONALLY ADJUSTED
PERCENT




PERCENT

ARKANSAS

KENTUCKY

12

9
6

3
0

M IS S IS S IP P I

MISSOURI

12

9
6
3
0

TENNESSEE

12

EMPLOYMENT

INDICATORS

UNEMPLOYMENT RATE
S EA S O N A L L Y A D JU S T E D
PERCENT
MONTHLY AVERAGE
3 MONTHS ENDING
JANUARY
1982

FEBRUARY
1982

MARCH
1982

MARCH
1982

DECEMBER
1981

8.5

8.8

9.0

8.8

8.4

9.8

9.6

10.0

9.8

9.0

9.6

9.4

9.7

9.6

9. 1

10.6
11.7

9.9
10.6

10. 1
11.7

10.2
11.3

9.2
10.4

8.2
11.1

8.1
10.2

8.3
10. 1

8.2
10.5

7.4
9.8

KENTU CKY

9.8
10.8
11.2

9.3
10. 1
10.2

10.0
10.5
11.8

9.7
10.5
11.0

9.2
10.2
11.7

MISSISSIPPI
MISSOURI

10. 1

9.6

9.5

9.7

9.0

8.9
9.2
6.4

8.5
9.5
6.3

8.7
8.8
7.0

8.7
9. 1
6.6

8.0
8.7
5.9

TENNES SEE

10.5
9.2

10.8
9. 1

11.7
9.9

11.0
9.4

10.0
9. 1

UNITED STATES
CMV STATE S U MMARY
CMV M E T R O P O L I T A N SU MMA RY
AR K ANS AS

FORT SMITH: AR-OK
LITTLE ROCK-NORTH
LITTLE ROCK: AR
PINE BLUFF: AR

EVANSVILLE: IN-KY
LOUISVILLE: KY-IN
ST. LOUIS: MO-1L
SPRINGFIELD: MO

MEMPHIS: TN-AR'

C IV IL IA N

LABOR FORCE

S E A S O N A L L Y A D JU S T E D
THOUSANDS OF PERSONS
JANUARY
1982

UNITED STATES
CMV STATE SUMMARY
CMV M E T R O P O L I T A N S UM MA RY
ARKAN SAS

FORT SMITH: AR-OK
LITTLE ROCK-NORTH
LITTLE ROCK-. AR
PINE BLUFF: AR

KE N TUC KY

EVANSVILLE: IN-KY
LOUISVILLE: KY-IN

MISSISSIPPI
MISSOURI

ST. LOUIS: MO-1L
SPRINGFIELD: MO

TE NN ESS EE

MEMPHIS: TN-AR




FEBRUARY
1982

MARCH
1982

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING MARCH 1982
FROM PREVIOUS
3 MONTHS

FROM SAME
MONTHS A
YEAR AGO

108,878.9

109,165.0

109,346.0

-0. 1

0.9

8,207.4
2,529.6
1,035.2
91.8

8,159.2
2,519.1

8,133.4
2,512.1

1,024.6
88.9

1,011.0
87.5

-1.9
-9.2
-2.6
0.4

-0.5
-1.1
-0.4
-2.6

195.6
40.4

196. 1
40.0

194. 1
39.3

-4.6
-9.4

-1.0
-2.0

1,648.3
148.9
430.8

1,627.7
146.5
427.0

1,618.9
147.2
432.7

-8.3
-6.0
-6.3

-2.8
0.0
-1.9

1,080.1

1,085.5

1 ,083.0

10.0

2.1

2,309.1
1,103.9
105.1

2,301.6
1,102.7
105.6

2,324.4
1,102.7
106.9

-1.6
-4.4
-4.8

-0.9
-1 .3
-0.9

2,140.7
413.8

2, 122.5
408.2

2,105.4
404.6

-0.7
-4.0

0.4
0.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

13

EMPLOYMENT

INDICATORS

AVERAGE HOURLY E A R N I N G S
MANUFACTURING

AVERAGE WEEKLY HOURS WORKED
MANUFACTURING

S E A S O N A L L Y A DJ U S T E D

S E A S O N A L L Y A D JU S T E D
HOURS PER WEEK

DOLLARS PER HOUR
- u.s.
STATES

1i

- U.S.
STATES

1
—

z ------

X
i1 111 111 1n

1978

1980

1981

-

i1111111111 11111111111 II1II111111 ■1111111111
1978
1979
1980
1981

111LlLlilll nliilnlii 1111i1H 111.

1979

f

1982

1982

ARKANSAS

M IS S IS S IP P I

48

—

r

—

-

**
* " s

r

V

_

44
40

"

36
. 1 1 i 1 1 1 1 1 i 11

l l l l l l l l l l l

L i l l 11 I I 1 1 C *

2 8. 7

MISSOURI

48
—

"

0

44
40

- V

36
nlllll.lll

H 1« 1111 1» * -L lilll 1iJ 1l 1111111ll u . j a i l i l i . i . T f r

TENNESSEE

10

8 —

—

48
44

6

40

4

2

0

36
iiliiliilii lllllllllll lllllllllll lllllllllll lllllllllll
1978
1979
1980
1981
1982

0

LATEST DATA PLOTTED: MARCH



PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

I4

EMPLOYMENT

INDICATORS

AVERAGE HOURLY EARNINGS - MANUFACTURING
SEASONALLY ADJUSTED
_________ DOLLARS PER HOUR________

UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR-OK
LITTLE ROCK-NORTH
LITTLE ROCK: AR
PINE BLUFF: AR
KENTUCKY
LOUISVILLE: KY-IN
MISSISSIPPI
MISSOURI
ST. LOUIS: MO-1L
SPRINGFIELD: MO
TENNESSEE
MEMPHIS: TN-AR

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING MARCH 1982
FROM SAME
MONTHS A
YEAR AGO

JANUARY
1982

FEBRUARY
1982

MARCH
1982

FROM PREVIOUS
3 MONTHS

8.41

8.34

8.35

7.45

7.45

7.44

9.6
14.4

8.83

8.98

8.94

8.6

7.2

6.63
6.64

6.50
6.54

6.57
6.68

10.6
13.9

7.6
6.2

7.73
8.58

7.63
8.08

7.60
8.31

15. 1
22.9

9.9
9.8

8.38
9.61

8.38
9.73

8.40
9.68

20.3
7.3

9. 1
8. 1

6.25

6.28

5. 1

8.0

8.30
9. 19
7.61
7. 13
7.84

8.37
9.50
7.48

6.30
8.34
9.48
7.50

15.8
7.9
-3.7

8.6
7.5
3.6

7.03
7.79

7.00
7.53

11.5
4.8

7.6
4.4

8. 1
8.2

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

HOURS PER WEEK
JANUARY
1982

UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR-OK
LITTLE ROCK-NORTH
LITTLE ROCK: AR
PINE BLUFF: AR
KENTUCKY
LOUISVILLE: KY-IN
MISSISSIPPI
MISSOURI
ST. LOUIS: MO-1L
SPRINGFIELD: MO
TENNESSEE
MEMPHIS: TN-AR




FEBRUARY
1982

MARCH
1982

MARCH
1982

DECEMBER
1981

37.3

39.5

39.0

38.6

39.3

35.5

38.8

38.3
34.8
34. 1

39.2
38.7
36.9

38.5
39.4
38.7
37.3

37.6
39.0
37.4
36. 1

38.8
39.0
39.0
38.0

35.3
38.0
37. 1
38. 1
29.0

38.8
41 .0

39.5
41.1

37.9
40. 1

39.2
41.0

38.6
40.4

38. 1
39.3

37.8
38.5

39.0

38.6
39.3
38.7

35.6

38.6

38.7
39.2
39.6

38.5
38.6
40.7

38.4
39.0
39.4

38.5
38.9
39.9

38.7
39.0
38.5

35.4
38.7

39.4
41 .0

38.4
40.0

37.8
39.9

39.4
40.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

15

EMPLOYMENT

INDICATORS

PAYROLL

EMPLOYMENT -

SELECTED

IN D U S T R IE S *

SEASONALLY ADJUSTED

1972-100
150

PETROLEUM,

AND RUBBER PRODUCTS

1972-100
1 50

1

u.s.
____
~ S T A T E S ____

1

1 30

CHEMICAL,

1972-100

l 1 l

INDEX:

110

110

90
70

90
1 » 1 « » 1 1 1 1 » » ■ ■ 1 ■ ■ 1 ■ ■ 1 ■ ■ ■J 1 1 L.J 1 1 1 1 II

1 1 1 i 1 1 1 1.1 1 1 1 1 1 I.L 1 1 1 1.1 1 ■ ■ l ■ ■ I ■ ■ l ■ ■ ..... I ■. I . ■

70

CONSTRUCTION
150
1 30
1 10
90
70

ELECTRICAL

EQUIPMENT
150
1 30
1 10
90
70
150
1 30
110

90
70

LUMBER AND F U R N I T U R E
150
130
110

90
70
150
130
110

90
70
LATEST DATA PLOTTED: MARCH



PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

16

EMPLOYMENT I NDICATORS

PAYROLL EMPLOYMENT -

SELECTED

IN D U S T R IE S *

SEASONALLY ADJUSTED

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS END 1N6 MARCH 1982

INDEX: 1972-100

FROM PREVIOUS
3 MONTHS

FROM SAME
MONTHS A
YEAR AGO

JANUARY
1982

FEBRUARY
1982

MARCH
1982

UNITED STATES
C H E M I C A L , PETROLEUM, AND
RUBBER PRODUCTS
CONSTRUCTION
E L E C T R I C A L EOUIPMENT
FOOD AND KI NDRED PRODUCTS
LUMBER AND F U R N I TU R E
T E X T I L E , APPAREL, AND
LEATHER

109.8
105. 1
115.4
95.3
88.8

109.3
107. 1
114.9
95.5
89.3

108.7
105.7
114.3
95.4
88.7

-7.7
-9.6
-6.7
-1.7
-10.9

-2.1
-6.3
-1.4
-1.9
-7.1

83.6

83.3

81.7

-14.9

-4.5

CMV S T A T E SUMMARY
C H E M I C A L , PETROLEUM, AND
RUBBER PRODUCTS
CONSTRUCTION
E L E C T R I C A L EQUIPMENT
FOOD AND KI NDRED PRODUCTS
LUMBER AND F U R N I T U R E
T E X T I L E , APPAREL, AND
LEATHER

114.2
106.0
105.0
104.8
84.8

113.3
107.1
105.4
105.2
84.7

1 12.9
109. 1
103.9
104.2
83.4

-8.0
20.5
-8.0
0.8
-5.9

84.9

84.0

82.9

-14.3

-3.9

87.9
123.8
1 3 3 .7
76.2
133. 1

86.6
122.0
135.2
77.4
131.6

87.7
118.3
134. 1
76.4
131.3

-19.6
-28.2
2.4
-12.9
0.0

-18.6
-7.5
4.2
-9.6
1. 1

77.9

79.4

76.9

-14.4

-5.7

131.8
94.4
71.2
92.4
1 3 1 .2

1 2 8 .7
95.5
73.5
92.3
124.6

128.7
90.2
73.3
87.6
127.8

-7.6
2 8. 1
45.5
-3.9
-15.0

-3.2
-11.4
-12.4
-1.9
-5.9

83.7

8 3. 1

82.5

-8.6

-3.4

126.5
125.8
118.9
90.7

126.6
125. 1
119.5
90.7

120.9
123.0
121.0
87.9

34.5
-9.6
4.5
-6.8

2.0
-7.2
-0.7
-5.8

93.0
91 . 6

93.0
91.7

93.0
91.6

-13.0
1.8

-3. 1
4.8

118.4
119.5
90.0
105.3

117.5
118.2
9 0. 1
104.5

122.3
1 16. 1
89.3
103.3

1.7
-13.3
-0.4
-3.4

0.8
-0. 1
-2. 1
-3. 1

76.0
83.5

75.8
87.6

74.7
84.5

-9.9
0.5

-4.4
-0.4

1 08 . 2
1 01 . 7
105.5
82.9
123.0

107.9
109.3
105.0
84.4
120.5

106.8
112.7
104.5
83.5
124.6

-9.4
54.4
1.5
-6.4
12.7

-3.2
5.6
0.8
-0.5
3.2

113.9

110.8

109.0

-17.8

-3.5

ARKANSAS
CONSTRUCTION
E L E C T R I C A L EQUIPMENT
FOOD AND K I ND RE D PRODUCTS
LUMBER AND F U R N I T U R E
PAPER AND P R I N T I N G
T E X T I L E , APPAREL, AND
LEATHER
KENTUCKY
C H E M I C A L , PETROLEUM, AND
RUBBER PRODUCTS
CONSTRUCTION
E L E C T R I C A L EQUIPMENT
FOOD AND KI NDRE D PRODUCTS
NONELECTRI CAL MACHINERY
T E X T I L E , APPAREL, AND
LEATHER
M IS S IS S IP P I
CONSTRUCTION
E L E C T R I C A L EQUIPMENT
FOOD AND KI NDRED PRODUCTS
LUMBER AND F U R N I TU R E
T E X T I L E , APPAREL, AND
LEATHER
TRANSPORTATION EQUIPMENT
M ISSO U R I
CONSTRUCTION
E L E C T R I C A L EQUIPMENT
FOOD AND KI NDRED PRODUCTS
PAPER AND P R I N T I N G
T E X T I L E , APPAREL, AND
LEATHER
TRANSPORTATI ON EQUIPMENT
TENNESSEE
C H E M I C A L , PETROLEUM, AND
RUBBER PRODUCTS
CONSTRUCTION
FOOD AND KI NDRED PRODUCTS
LUMBER AND FU R NI TU R E
PAPER AND P R I N T I N G
T E X T I L E , APPAREL, AND
LEATHER

-2.8
-2.4
-3.5
0. 1
-5. 1

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



17

EMPLOYMENT

INDICATORS

M A N U F A C T U R I N G EMPLOYMENT
N ON MA N U F A C T U R I N G EMPLOYMENT
SEASONALLY ADJUSTED
INDEX: 1972-100
1972-100

160
140

ARKANSAS
—

_

—

—

120

120

100

80

160
140
100

7i 1111 m Im

11111111111

-LIill 1111II 111II111111

11111.111lu.

80

M ISSISSIPPI

160
140
120
100

80
160
—
140
120

TENNESSEE
—

—

160
140

—

120

_

100

100

80 1i 1i i 1i i 1i i 11111111111 11111111111 11111111111 111111111In
1978
1979
1980
1981
1982

1 1

1978

LATEST DATA PLOTTED: MARCH



11 1 11 1 11 1

1 1

11 1 11 1 11 1

1979

■ 1

11 1 ! 1 1 11 1

1980

1 1

11 1 11 1 11 1

1981

1 1

11 1 11 1 11 1

1982

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

18

80

EMPLOYMENT

INDICATORS

M A N U F A C T U R IN G EMPLOYMENT
SEASONALLY ADJUSTED
__________ INDEX; 1972-100________

UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR-OK
LITTLE ROCK-NORTH
LITTLE ROCK: AR
PINE BLUFF: AR
KENTUCKY
EVANSVILLE: IN-KY
LOUISVILLE: KY-IN
MISSISSIPPI
MISSOURI
ST. LOUIS: MO-1L
SPRINGFIELD: MO
TENNESSEE
MEMPHIS: TN-AR

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING MARCH 1982
FROM SAME
MONTHS A
YEAR AGO

JANUARY
1982

FEBRUARY

1982

MARCH
1982

FROM PREVIOUS
3 MONTHS

102.3

101.8

100.8

-9.6

-3.6
-2.9

100.2

99.7

99.2

-6.9

88.8

88.6

86.9

-4.4

-5.8

109.1
109.2

108.8
108.6

106.9
104.9

-1 1.9
-18.4

-4.3
-8.0

100.0
105.4

100.1
104.9

98.6
102.4

-10.5
-10. 1

-5.3
-3.2

98.3
93.8
81.5

97.7
92.6
82.9

97.2
92.2
79.5

-2.0
-5.4
13.3

-3.9
-6.7
-9.6

103.3

103. 1

103. 1

-6.7

-2.7

95.5
86.4
97.6

95.6
85.9
96.6

94.6
85. 1
94.8

-4. 1
-8.8
-15.7

-2. 1
-4.6
0.3

100.5
91.7

100.0
92.8

100.0
90.3

-9.4
-6.7

-2.4
-5.2

NON MANUFACTURING EMPLOYMENT
SEASONALLY ADJUSTED
__________ INDEX;
JANUARY
1982

UNITED STAGES
CMV STATE S'JMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR-OK
LITTLE ROCK-NORTH
LITTLE ROCK: AR
PINE BLUFF: AR
KENTUCKY
EVANSVILLE: IN-KY
LOUISVILLE: KY-IN
MISSISSIPP1
MISSOURI
ST. LOUIS: MO-1L
SPRINGFIELD: MO
TENNESSEE
MEMPHIS: TN-AR




I972*» 100________

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING MARCH 1982
FROM SAME
MONTHS A
YEAR AGO

FEBRUARY
1982

MARCH
1982

FROM PREVIOUS
3 MONTHS

130.8

131.2

131.0

-0.6

0.5

128.7
123.4

128.9
123.5
133.2
146.4

128.3
123.3

3.2
-0.6

-0.6
-1.2

133.2
143.5

0.0

-1.5
-4.4

136.6
129.6
130.5
136.6
122.8

136.9
129.3

136. 1
129.3

-0.3
-2.3

130.6
136.0
123.2

129.4
134.4
122.9

0.9
2.2
7.7
9.4
2.0

-1.7

136.9

137.4

136.3

3.6

-0.2

122.9
119.0
142.1

122.9
1 18. 1
143.4

122.7
1 18.8
142.1

0.7
-1.3
-8.5

-0. 1
-1.2
-1.3

128.7
121.0

130.5
120.8

129.4
120.3

4.4
-1.0

-1.0
-1 . 1

133.4
146.4

1 .4

-0.8

0.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

19

EMPLOYMENT

INDICATORS

PAYROLL EMPLOYMENT
SEASONALLY ADJUSTED
INDEX: 1972-100
1972-100




1972-100

ARKANSAS

KENTUCKY

M ISSISSIPP I

135
125
115
105
95

MISSOURI

135
125
115
105
95

TENNESSEE

20

EMPLOYMENT

INDICATORS

PAYROLL EMPLOYMENT
SEASONALLY ADJUSTED
INDEX: 1972-100

1972-100
1 35

1972-100




125
115
105
95

135
125
1 15
105
95
135
125
1 15
1 05
95

21

EMPLOYMENT

INDICATORS

PAYROLL EMPLOYMENT
SEASONALLY ADJUSTED
__________ INDEX-. 1972-100________

FROM SAME
MONTHS A
YEAR AGO

FEBRUARY
1982

MARCH
1982

FROM PREVIOUS
3 MONTHS

122.8

122.8
120.5

122.6
119.3

-2.6
0.3

-0.6

120.2
1 13l.7

113.8

113.1

-1 .4

-2.3

125.7
133.9

125.8
132.0

124.7
128.7

-3.7
-3.9

-2.3
-5.7

129. 1
124. 1

129.2
123.7

128.3
123. 1

-1 .2

0.0

-1.1
-2.5

121.5
121 .2
109.2

121.7
120.6
110.4

119.6
119.4
108.7

3.7
4. 1
4.9

-1.8
-2.0
-3.8

126.4

126.4

125.7

1 .0

-0.9

115.9
109.7
129.8

115.9
108.8
130.3

115.4
108.8
129. 1

-0.3
-2.9
-9.8

-0.6
-2. 1
-0.9

119.2
115.1

120.2
115.2

119.5
114.1

0.7
-2. 1

-1 .3
-1 .9

JANUARY
1982

UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR-OK
LITTLE ROCK-NORTH
LITTLE ROCK: AR
PINE BLUFF: AR
KENTUCKY
EVANSVILLE: IN-KY
LOUISVILLE: KY-1N
MISSISSIPPI
MISSOURI
ST. LOUIS: MO-1L
SPRINGFIELD: MO
TENNESSEE
MEMPHIS: TN-AR

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING MARCH 1982

-1 .2

STATE SUNNARY-TOTAL PAYROLL EMPLOYMENT
COMPOUNDED ANNUAL RATES OP CHANGE
TERMINAL
QUARTER

INITIAL QUARTER
1-78

2-78

3-78

4-78

2-78

9,5

3-78

6#9

4.4

4-78

5.7

3.9

3.3

1-79

4.7

3.1

2.5

1.6

2-79

4.3

3.1

2.7

2.3

1-79

2-79

3-79

4-79

1-80

2-60

3-80

1972*100
4-80

1-81

2-81

3-61

4-81
119.8
121.1
122.1
122.6

3.0

123.5

3-79

3.7

2.6

2.1

1.8

1.8

0.6

4-79

3.0

1.9

1.5

1.0

0.8

-0.3

-1.3

1-80

2.4

1.4

0.9

0.5

0.2

-0.8

-1.4

-1.6

2-80

1.4

0.4

-0.1

-0.7

-1.2

-2.2

-3.1

-4.0

3-80

0.9

0.0

-0.5

-i.i

-1.5

-2.4

-3.2

-3.8

—4.8

-3.3

4-80

1.0

0.2

-0.2

-0.7

-1.0

-1.6

-2.1

-2.3

-2.5

-0.5

123.7
123.3
122.8
-6.4

120.8
119.8
2.4

120.5

1-81

1.2

0.5

0.1

-0.2

-0.4

-0.9

-1.2

-1.2

-1.1

0.8

2.9

3.4

2-81

0.9

0.2

-0.2

-0.6

-0.8

-1.3

-1.5

-1.6

-1.6

-0.3

0.7

-0.2

-3.6

3-81

0.8

0.1

-0.2

-0.5

-0.8

-1.2

-1.4

-1.4

-1.4

-0.3

0.4

-0.2

-2.0

-0.3

4-81

0.6

0.0

-0.3

-0.6

-0.8

-1.2

-1.4

-1.4

-1.4

-0.5

0.1

-0.5

-1.8

-0.8

-1.3

1-82

0.6

0.0

-0.3

—0.5

-0.7

-1.0

-1.2

-1.2

-1.1

-0.4

0.1

-0.3

-1.2

-0.4

-0.5

0.3

1-78

2-78

3-78

4-78

1-79

2-79

3-79

4-79

1-80

2-60

3-80

4-80

1-81

2-81

3-61

4-81




121.5
120.4
120.3
119.9
120.0

INITIAL QUARTER

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

22

INVENTORY AND PRODUCTION OF NEAT ANIMALS U

CATTLE AND CALVES
INVENTORY
January 1,
1979
United States
TOTAL
Arkansas
Illinois
Indiana
Kentucky
M1ss1ss1p1
Missouri
Tennessee

110,864
18,890
2,000
2,850
1,750
2,600
1,790
5,550
2,350

January 1,
1980
111,192
18,810
2,050
2,700
1,850
2,700
1,810
5,400
2,300

January 1>
1981
114,321
18,950
2,200
2,650
1,800
2,600
1,800
5,550
2,350

PRODUCTION
January 1,
1982
115,691
19,100
2,100
2,800
1,750
2,600
1,950
5,400
2,500

Percent
Change
1981-82

1978

1979

1980

1981

Percent
Change
1980-81

1.2*
0.8
-4.5
5.7
-2.8
0.0
8.3
-2.7
6.4

39,766,559
6,377,905
689,125
975,085
636,765
859,060
539,330
1,966,450
712,090

38,419,977
5,608,720
618,380
965,230
567,060
712,465
453,030
1,686,015
606,540

40,132,896
5,756,405
636,280
990,080
604,265
784,720
497,910
1,652,390
590,760

40,855,045
5,757,525
624,120
912,980
567,945
817,410
495,720
1,715,505
623,845

1.8*
0.0
-0.2
-7.8
-6.0
4.2
-0.4
3.8
5.6

HOGS ANE) PIGS

United States
TOTAL
Arkansas
Illinois
Indiana
Kentucky
Mlssisslpl
Missouri
Tennessee

INVENTORY_________________________

_______________________ PRODUCTION______________________

Percent
Change
1980-81

1978

1979

1980

1981

Percent
Change
1980-81

-9.0*
-9.7
-16.7
-2.3
-10.9
-14.8
-9.8
-14.6
-21.1

19,610,887
6,174,806
150,094
2,401,670
1,463,893
355,012
102,119
1,302,899
399,119

22,595,365
7,083,460
194,255
2,606,928
1,610,003
434,130
109,829
1,619,092
509,223

23,351,909
7,035,990
221,587
2,641,425
1,636,827
443,682
121,464
1,547,209
423,796

21,821,012
6,514,745
209,960
2,564,976
1,543,975
354,528
105,801
1,380,913
354,592

-16.6*
-7.4
-5.2
-2.9
-5.7
-20.1
-12.9
-10.7
-16.3

December 1,
1978

December 1,
1979

December 1,
1980

60,356
18,320
550
6,550
4,250
1,190
380
4,100
1,300

67,353
20,325
600
6,950
4,850
1,470
405
4,650
1,400

64,512
18,670
720
6,600
4,600
1,220
410
3,980
1,140

VInventory (1,000 head), Production (1,000 pounds).




December 1,
1981
58,691
16,860
600
6,450
4,100
1,040
370
3,400
900

P R O D U C T I O N AND P R I C E

INDICATORS

ELECTRIC

POWER C O N SU M PT IO N

SEASONALLY ADJUSTED
INDEX:

rr

l
l
l

1 10

1

\

130

- U.8.
DISTRICT

1971-100
150

TOTAL MANUFACTURING AND M I N I N G

3

1971-100
150

1971-100

--

110

90
70

90
M i l l lllll I ■ ■ 1 ■ ■ 1 ■ ■ 1 ■ ■ ■ ■ 11 ■ i ■. i ■. . . 1 . . 1 . . 1 . . ■ ■ i ■ ■ i ■ ■ i ■ ■ ........ .

1976

1977

CHEMICAL,

1978

1979

PETROLEUM,

1980

1981

■ i i 1 i i L.i iL j i

1982

AND RUBBER PRODUCTS

ELECTRI CAL MACHINERY

LATEST DATA PLOTTED: MARCH



PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

24

70

P R O D U C T I O N AND P R I C E

ELECTRIC

INDICATORS

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

SEASONALLY ADJUSTED
INDEX:
JANUARY
1982

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS END 1NG MARCH 1982

1971-100

FEBRUARY
1982

MARCH
1982

FROM PREVIOUS
3 MONTHS .

FROM SAME
MONTHS A
y e a r , as p

UNITED STATES
111.6

112.8

110.8

-13.4

-9. 1

100.4

105. 1

108.5

-3.0

-8.6

98.7

103.3

106.7

-4.2

-8.9

DURABLES
ELECTRICAL MACHINERY
FABRICATED METALS
LUMBER AND FURNITURE
NONELECTRICAL MACHINERY
OTHER DURABLES
PRIMARY METALS
STONE, CLAY, AND GLASS
TRANSPORTATION EQUIPMENT

90.5
90.1
135.6
102.0
114.8
146.5
69.8
82.0
94.7

94.2
92.3
139.7
110.5
138.8
139.4
73.6
74.3
100. 1

96.3
85.8
140.7
117.2
129.9
137.2
71 .6
80.5
105.5

-2.5
0.9
-26. 1
34.2
-7.2
-4.7
-20.8
-49.5
25.9

-8.7
-9.2
-8.4
-14.9
-8.8
-2. 1
-16.8
-1 .4
4. 1

NONDURABLES
CHEMICAL, PETROLEUM, AND
RUBBER PRODUCTS
FOOD, BEVERAGES, AND
TOBACCO
PAPER AND PRINTING
TEXTILE, APPAREL, AND
LEATHt.

101.6

106.9

111.9

-3.7

-9.0

98.8

104.0

109. 1

8. 1

-10.5

117.6
116.1

121.9
117.7

119.6
125. 1

-17.2
-12.3

-3.9
-3.8

78.2

79.7

82.3

-42.0

-13.7

198.7

210.5

224.2

28.2

1.8

TOTAL MANUFACTURING AND MINING
EIGHTH DISTRICT
TOTAL MANUFACTURING AND MINING
MANUFACTURING

MINING




PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

25

P R O D U C T I O N AND P R I C E

INDICATORS

VALUE OF C O N S T R U C T I O N CONTRACTS

L E T *

NOT SEASONALLY ADJUSTED
INDEX:

RESIDENTIAL BUILDING

1974-100

NONRESI DENT I AL B U I L D I N G
ARKANSAS

M ISSISSIPP I

MISSOURI-EAST

330

3«9.3 457.0

330

250

250

170

170

90

90

10

10

TENNES SEE- WES T

LATEST DATA PLOTTED: 1ST QUARTER



PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

26

PRODUCTION AND PRI CE

INDICATORS

VALUE OF C O N S T R U C T I O N CONTRACTS L E T *
NOT SEASONALLY ADJUSTED
INDEX; 1974-100

TOTAL BUILDING
UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR-OK
LITTLE ROCK-NORTH
LITTLE ROCK: AR
PINE BLUFF: AR
KENTUCKY
EVANSVILLE: 1N-KY
LOUISVILLE: KY-1N
MISSISSIPPI
MISSOURI - EAST
ST. LOUIS: MO-1L
SPRINGFIELD: MO
TENNESSEE - WEST
MEMPHIS: TN-AR-MS
RESIDENTIAL BUILDING
UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR-OK
LITTLE ROCK-NORTH
LITTLE ROCK: AR
PINE BLUFF: AR
KENTUCKY
EVANSVILLE: 1N-KY
LOUISVILLE: KY-1N
MISSISSIPPI
MISSOURI - EAST
ST. LOUIS: MO-1L
SPRINGFIELD: MO
TENNESSEE - WEST
MEMPHIS: TN-AR-MS
NONRES1DENT 1AL BUILDING
UNITED STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT SMITH: AR-OK
LITTLE ROCK-NORTH
LITTLE ROCK: AR
PINE BLUFF: AR
KENTUCKY
EVANSVILLE: 1N-KY
LOUISVILLE: KY-1N
MISSISSIPPI
MISSOURI - EAST
ST. LOUIS: MO- 1L
SPRINGFIELD: MO
TENNESSEE - WEST
MEMPHIS: TN-AR-MS

1ST QTR 1981
TO
1ST QTR 1982

1ST QTR
TO
1ST QTR

4TH
QUARTER
1981

1ST
QUARTER
1982

153.5
146. 1
162.9
139.4
120.8

134.0
108.9
119.9
129. 1
88. 1

-17.2
-28.6
-21.4
-19.7
-27.7

10.3
26.0
35.3
23.4
20.6

166.9
124.5
128.3
132.6
122.1
142.8
231 . 1
239.4
356. 1
77.7
76.2

1 16.0
168.8
114.6
278.4
132.1
108. 1
105.2
107.2
314. 1
75.0
77. 1

-39.9
139. 1
-27.4
16.8
-2.9
-25.2
-36.0
-39.8
163.9
-38.8
-33.8

37.7
-62.5
44.7
56. 1
78. 1
11.6
29.4
42.6
-8.3
5.8
12. 1

142.6
142.5
117.2
156.7
142.0

124.2
101.4
72.7
119.8
92.3

-25.0
-38.5
-47.5
-34.2
-39. 1

10. 1
24.8
40.9
22.6
52.7

153.7
297.5
116.2
96. 1
55.3
159.4
202.9
180.0
56.9
77.5
63.0

66.9
134.4
95.8
79.7
61.8
127.4
93.9
87.8
80.9
60.8
52.7.

-53. 1
-9.7
-48.9
-67.5
-67.9
-31.4
-13.9
-14.3
-21.8
-53.7
-55.4

47.0
34.8
51 .4
226.5
198.6
20.9
-4.8
-8.0
-27.4
7.9
8.1

164.5
150.2
208. 1
1 16.7
79.8

143.8
1 17.3
166.5
141.4
78.2

-9.0
-15.4
0. 1
6.4
19.0

10.6
28.0
30.9
25.3
-35.4

186.7
182.7
136.8
506.3
204.9
83.5
115.4
125. 1
565.3
89.0
97.8

-29.7
369.7
11.2
119.2
163.0
-9.2
-46.3
-49.4
316.6
-22.1
-15.0

31.4
-82.3
34.1
-4.4
-12.3
-7. 1
55.2
80.2
16.7
3.7
15.8

186.0
54.4
142.8
174.6
191.3
121.8
256.8
294. 1
678.3
77.6
87.4
K USED WITH THE PERMISSION OF D0D6E CONSTRUCTION
POTENTIALS, MC6RAW-HILL INFORMATION SYSTEMS COMPANY




COMPOUNDED ANNUAL
RATES OF CHANGE_______

PREPARED BY FEDERAL RESERVE BANK OF i

27

P R O D U C T I O N AND P R I C E

INDICATORS

H O U S IN G P E R M I T S
S E A S O N A L L Y A D JU S T E D
INDEX: 1974-100
1974-100

1974-100

400
300
200
100

1976
400

1977

1978

1979

1980

1981

1982

°

ARKANSAS

300
200
100
0




KENTUCKY

M ISSISSIPPI

MISSOURI

TENNESSEE

400
300
200
100
0

28

P R O D U C T I O N AND P R I C E

INDICATORS

H O U SI N G P E R M I T S
SEASONALLY ADJUSTED
INDEX: 1974-100________
JANUARY
1982

FEBRUARY
1982

MARCH
1982

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING MARCH 1982
FROM PREVIOUS
3 MONTHS

FROM SAME
MONTHS A
YEAR AGO

UNITED STATES

76.1

77. 1

80.8

126.2

-28.2

CMV STATE SUMMARY

53.0

47.0

96.6

108.6

-19.4

CMV METROPOLITAN SUMMARY

53.0

31.7

71.7

71 .9

-38.0

ARKANSAS
LITTLE ROCK-NORTH
LITTLE ROCK: AR

31.6

32.6

151.5

324.2

15.6

20.6

22.3

197.3

7,311.0

40.8

KENTUCKY
LOUISVILLE: KY-1N

35.0
14.0

66.7
31.4

126.7
40.0

200.0
-79.0

-25.0
-69.3

MISSISSIPPI

52.8

54.8

89.4

32.0

-30.0

MISSOURI
ST. LOUIS: MO-1L

33.9
97.9

28. 1
23.4

61.1
79.8

-59.5
115.5

-44.6
-17.9

TENNESSEE
MEMPHIS: TN-ARt-MS

63.9
33.2

72.8
51.8

90.4
38.7

329.0
Q7.8

1.6
-55.3

STATE SUMMARY-HOUSING PERMITS
COMPOUNDED ANNUAL RATES OF CHANGE
TERMINAL
QUARTER

INITIAL QUARTER
1-78

2-78

3-78

4-78

1-79

2-79

3-79

4-79

1-80

2-60

3-80

1974*100
4-80

1-81

2-81

3-81

4-81

2-78

29.5

161.3

3-78

-7.7 -34.2

145.3

4-78

-4.3 -17.7

,

2.8

1-79

-25.1 -37.6 -39.3 -64.2

146.3
113.2

2-79

-10.6 -18.5 -12.5 -19.2

82.1

3-79

-13.3 -20.0 -16.0 -21.4

16.3 -25.7

131.5

4-79

-20.2 -26.4 -24.8 -30.4 -13.2 -40.1 -51.7

122.1
101.8

1-80

-22.5 -27.9 -26.9 -31.7 -19.7 -38.9 -44.6 -36.4

2-80

-21.0 -25.7 -24.4 -28.2 -17.5 -32.3 -34.4 -23.6
-4.9

19.2

-3.2 -12.9 -10.1

5.0

-9.5

63.1 189.6

116.1

3-80

-10.0 -13.6 -10.6 -12.4

4-80

-11.8 -15.2 -12.8 -14.5

1-81

-18.7 -22.1 -20.7 -23.0 -15.3 -24.0 -23.7 -16.5 -10.6 -11.4 -51.0 -66.5

81.3

2-81

-20.7 -23.9 -22.9 -25.1 -18.7 -26.5 -26.6 -21*3 -17.8 -20.1 -48.0 -55.8 -41.5

71.1

3-81

-25.9 -29.0 -28.5 -30.9 -26.2 -33.2 -34.1 -31.1 -30.2 -33.9 -54.3 -60.8 -57.5 -69.1

4-81

-23.8 -26.7 -26.0 -28.0 -23.3 -29.7 -30.1 -26.8 -25.3 -27.9 -45.4 -49.0 -41.3 -41.2

11.8

54.5

1-82

-18.9 -21.4 -20.4 -21.9 -16.7 -22.4 -22.1 -17.8 -15.1 -16.1 -31.7 -32.4 -19.4 -10.4

52.7 108.6

65.5

1-78

2-78




3-78

4-78

1.7

90.9
89.0

-6.1

1-79

2-79

3-79

4-79

24.1

1-80

44.3 -28.1

2-80

3-80

106.9

4-80

1-81

2-81

53.0

3-61

4-81

INITIAL QUARTER

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

29

P R O D U C T I O N AND P R I C E

PRICES

INDICATORS

RECEIVED

BY FARMERS -

UNITED

ST A T E S

NOT SEASONALLY ADJUSTED

CORN

BEEF CATTLE
350
270

—

190
110
M 1 M 1 1 1 1 1 » 11 1 1 1 1 1 1 1 1 1 1 1 1 11 1 II 1 1 1 1 1 1 1 1 1 1 1 1 1-L J-ilj i 1 1 1 1 11

RI CE

30

1 1-L

BROILERS

1

—

350
270
190
110

m

I m

I m

I m

i 1111111111

11111111111

«» 111i H 1H

l l l l l l l l l l l

30

HOGS
350
270
190
110

30

TOBACCO

MI LK

1 1 I...

TURKEYS
—

350
270
190
1 10

. . I . . I . . I . .

1978
LATEST DATA PLOTTED: MARCH



1979

1980

l l l l l l l l l l l

l l l l l l l l l l l

1981

1982

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

30

30

PRODUCTION AND PRI CE

PRICES

RECEIVED

BY FARMERS -

UNITED

INDICATORS

ST A T E S

NOT SEASONALLY ADJUSTED
COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING MARCH 1962

INDEX*. 1971-100

ALL FARM PR O DUC TS
ALL CROPS
CORN
RICE
SOYBEANS
TOBACCO
UPLAND COTTON

L I VE ST OCK AND LI VE ST O CK
PRODU CTS
BEEF CATTLE
BROILERS
HOGS
MILK
TURKEYS

FROM SAME
MONTHS A
-YEAR AGO ,

JANUARY
IM2—

FEBRUARY
1982

MARCH
1982

FROM PREVIOUS
___3 MONTHS

213.8

215.4

215.4

10.9

-7.9

224.0

218.7

213.3

8.1

-15.3

200.3
176.0
208.6
245. 1
204.5

192.5
178.3
205.5
234. 1
198.4

194.0
169.4
203.8
228.6
205.3

15.2
-20. 1
1.6
-3.5
-46.7

-23.0
-29.8
-20.6
12.9
-32.4

203.2

210.6

215.0

13.2

-1.5

184.9
197.0
242.1
236.7
148.7

193.6
196.2
270.0
235.0
150.6

202.2
195.5
271 . 1
231.6
151.9

15.9
31.0
56.6
-6.5
-10.7

-4.8
-10.3
16. 1
-1.4
-16.9

PRICES-ALL FARM PRODUCTS
COMPOUNDED ANNUAL RATES OF CHANGE
TERMINAL_____
QUARTS!
1-78 2-78

INITIAL QUARTER
3-78

4-78

1-79

2-79

3-79

4-79

1-80

2 -eo

3-80

1971*100
4-80

1-81

2-81

3-61

4-81
169.3

2-78

49*1

3-78

22.1

0.0

4-78

17*6

4.4

189.3
8.9

193.4

1-79

24.2

16.8

26.3

46.3

2-79

20.9

14.7

20.0

26.0

212.7
8.5

217.1

3-79

15.8

10.1

12.8

14.2

0.8

-6.3

4-79

12.6

7.5

9.0

9.0

-1.1

-5.6

-5.0

1-80

10.7

6#1

7.2

6.8

-1.3

-4.3

-3.3

-1.7
-8.0 -13.9

213.6
210.9
210.0

2-80

7*7

3.4

3.9

3.0

-3.9

-6.8

-7.0

3-80

11.7

8.2

9.3

9.3

4.1

3.3

5.8

9.7

15.8

55.8

4-80

11.9

8.7

9.8

9.9

5.5

4.9

7.3

10.7

15.1

33.1

202.3
226.0
13.8

233.4

1-81

10.9

7.9

8. f

8.7

^•8

4.2

6.1

8.4

11.1

21.0

6.7

0.0

2-81

9.6

6.8

7.4

7.3

3.6

3.0

4.4 . 6.1

7.7

13.9

2.7

-2.5

-4.9

230.5

3-81

7.7

5.1

5.5

5.2

1.8

1.1

2.0

3.1

3.9

7.9

•l#6

-6.2

-9.2 -13.3

222.4

4-81

5.5

2.9

3.2

2.7

-0.6

-1.4

-0.9

-0.4

-0.2

2.3

-5.9 -10.3 -13.5 -17.5 -21.4

1-82

5.8

3.4

3.7

3.3

0.3

-0.4

0.2

0.8

1.2

3.5

-3.3

-6.4

-7.9

-8.9

—6.6

10.9

1-78

2-78

3-78

4-78

1-79

2-79

3-79

4-79

1-80

2 -eo

3-80

4-80

1-81

2-81

3-81

4-81




233.4

209.4
214.9

INITIAL QUARTER

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

31

P R O D U C T I O N AND P R I C E

INDICATORS

Farm Land Values

Index 1977 « 100

Percent Chanqe

February
1978

February
1979

February
1980

United States

109

125

145

158

157

9.0

-

CMV State Summary

115

134

152

165

154

8.6

-6.7

110
111

133
125
129
133
129
128
123

159
135
149
148
156
155
136

183
143
161
154
198
166
146

196
131
140
154
189
153
138

15.1
5.9

8.1

7.1
-8.4
-13.0

4.1
26.9
7.1
7.4

-4.5
-7.8
-5.5

Arkansas
Illinois
Indiana
Kentucky
Mississippi
Missouri
Tennessee




113
113
115
114

112

February April
1981
1982

32

1980 to 1981

1981 to 1982

0.6

0.0

P R O D U C T I O N AND P R I C E

INDICATORS

Consumer Price Index-All Items*

♦ A lt U rb a n C o n su m ers
D a ta a r e q u a r t e r ly fro m M a rc h 1 9 7 6 th ro u g h M a rc h 1 9 7 8 ; t h e r e a ft e r , d a t a a r e b i-m o n th ly .

UNITED STATES

ST. LOUIS
Percent Change to
March 1982

All Items
Food
Housing
Apparel and
Upkeep
Transportation
Medical Care
Entertainment



Percent Change to
March. 1982

Tndex
1967 = 100
March 1982

From Two
Months Ago
(Annual Rate)

From
Previous
Year

Index
1967 = 100
March 1982

280.7
277.0
306.8
189.4

5.1
1.1
12.8
38.0

8.3
3.6
13.4
3.2

283.1
283.0
306.7
191.1

1.3
4.3
1.2
12.8

6.8
4.0
8.5
3.2

268.1
308.1
229.9

-13.8
8.8
4.8

2.3
15.0
2.5

285.1
318.8
232.8

-9.5
10.8
9.8

4.2
12.0
6.7

33

From Two
Months Ago
(Annual Rate)

From
Previous
Year

FINANCIAL

INDICATORS

SEASONALLY ADJUSTED
INDEX: 1974-100

L I T T L E ROCK - NORTH L I T T L E ROCK: AR
230
—

—

190
150
1 10

1 » 1 H 1 11 1 1 1

LOUISVILLE:

L» 1 1 1 1 1 1 1 1 1

..1,

■ ■1■■1 ■ ■ I . ■

11111111111

70

KY-IN

TN- AR - MS
230
1

—

1

190

1




METROPOLITAN MEMBER BANK DATA

150
1 10
H 1»11II 1II

ST.

LOUIS:

. . 1 . . 1 . . 1 . . ■l.J-1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Li 1 1 1 . u L a

1■ ■ 1iT

70

MO-IL
230
1 90
1 50
110

70
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

34

FINANCIAL

INDICATORS

M E T R O P O L I T A N MEMBER BANK DATA
SEASONALLY ADJUSTED
__________ INDEX:

TOTAL LOANS
UNITED S T A T E S * *
METROPOLITAN SUMMARY*
COLUMBIA: MO
EVANSVILLE: IN-KY
F A Y E T T E V 1L L ESPRINGDALE: 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
TOTAL DEPOSITS
UNITED S T A T E S * *
METROPOLITAN SUMMARY*
COLUMBIA: MO
EVANSVILLE: IN-KY
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
LOUISVILLE: KY-IN
MEMPHIS: TN-AR-MS
PINE BLUFF: AR
ST. LOUIS: M O - 1L
SPRINGFIELD: MO
TEXARKANA: AR

1974-100________
MARCH
1982

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING MARCH 1982
FROM SAME
MONTHS A
FROM PREVIOUS
YEAR AGO
3 MONTHS

JANUARY
1982

FEBRUARY
1982

190.6
178.3
223.9
211.3

193.7
180.3
226.7
216.3

196.3
182.9
225. 1
223. 1

13.4
. 18.5
2.0
31.9

10.6
12.4
11.4
8.6

215.6
217.6

214.0
219.8

223. 1
226.0

8. 1
10.2

7.6
16.9

194.0
229. 1
109.9
173.7
176. 1
180.5
235.2

185.9
226.5
113.1
169.7
182.5
166.2
235.0

190.4
223.7
117.5
188.5
185.4
164.8
240.8

17.7
22.5
7.8
-12.8
24.6
39. 1
14.1

12.6
17.1
0.2
3.4
15.3
11.2
11.5

177.6
165.5
210.3
210.3

178.4
165.6
224.6
209.3

185.6
167.5
226.3
213.9

12.7
15.3
4.5
13.3

8. 1
8.7
2.1
5.7

195. 1
204.0

199.0
205.9

201 .4
210.0

15.4
14.3

9.2
7.9

178.6
207.7
131.5
162.0
151.1
149.8
212.0

172.2
204.9
133. 1
160.7
152.9
148.4
215.5

173.5
213.7
138.3
162.7
151.2
149.8
218.5

5.4
21.9
18.9
-1 .2
16.9
13.0
16.4

7.3
10.4
1.3
-1.0
1?.9
11.3
10.0

AVERAGE NUMBER OF MEMBER BANKS
STATE SUMMARY
(EIGHTH DISTRICT )
METROPOLITAN SUMMARY*
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

JANUARY
1982

FEBRUARY
1982

MARCH
1982

MARCH
1981

391.00
119.00
270.00
74.00

391.00
119.00
270.00
74.00

391.00
119.00
270.00
74.00

389.00
117.00
270.00
74.00

5.00
3.00

5.00
3.00

5.00
3.00

5.00
3.00

8.00
4.00
3.00
49.00
40.00
9.00
30.00
119.00
96.00
38.00
12.00
25.00
17.00
16.00
89.00
4.00
58.00
5.00
45.00
14.00
8.00
9.00

8.00
4.00
3.00
49.00
40.00
9.00
30.00
119.00
96.00
38.00
12.00
25.00
17.00
16.00
89.00
4.00
58.00
5.00
45.00
14.00
8.00
9.00

8.00
4.00
3.00
49.00
40.00
9.00
30.00
119.00
96.00
38.00
12.00
25.00
17.00
16.00
89.00
4.00
58.00
5.00
45.00
14.00
8.00
9.00

8.00
4.00
3.00
49.00
40.00
9.00
30.00
I 19.00
96.00
38.00
12.00
25.00
17.00
16.00
87.00
4.00
56.00
5.00
45.00
14.00
8.00
9.00

X EXCLUDES BANKS IN TWO METROPOLITAN AREAS
X X ALL DOMESTICALLY CHARTED COMMERCIAL BANKS



PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

35

FINANCIAL

INDICATORS

NONMETROPOLITAN MEMBER BANK DATA
SEASONALLY ADJUSTED
INDEX: 1974-100

TOTAL LOANS

1974-100
1
[

TOTAL DEPOSI TS

1974-100
240

1

- SMSA'S
_ NON-SMS A 1S

200
-

^

160
120
■ 11 ■ 11 n 111 ■1 111 lL 1 1II 11 I n 1 n 1 ii




n 1 n 11 1 1«»

1981

1 1 1 n 1 n 1 11

1982

1978

1979

1980

1981

80

1982

NONMETROPOLITAN ARKANSAS
240
—

200

—

160
120
n l 1 1 1 1 1 1 11 «»1 it 1 « 1 1 ii -Lilli ll 1 1 II

l l u . »11 H 1H 1« 1

80

NONMETROPOLITAN KENTUCKY

NONMETROPOLITAN M I S S I S S I P P I
240
200

160
120

80

NONMETROPOLITAN MISSOURI

240

l

.

NONMETROPOLITAN TENNESSEE
—

l

1980

200

i

1979

160

i

1978

120
1 1111 11111 1

1978

1979

1 1 1 1 1 1 1 1 1 1 1

1 1 1 l l l l l 111

1 ill 1.111111

1980

1981

1982

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

36

80

FINANCIAL

INDICATORS

N O N M E T R O P O L I T A N MEMBER BANK DATA
SEASONALLY ADJUSTED
__________ INDEX;

TOTAL LOANS
NONMETROPOLITAN SUMMARY
ARKANSAS
ILLINOIS
INDIANA
KENTUCKY
MISSISSIPPI
MISSOURI
TENNESSEE
TOTAL D E P O S I T S
NONMETROPOLITAN SUMMARY
ARKANSAS
ILLINOIS
INDIANA
KENTUCKY
MISSISSIPPI
MISSOURI
TENNESSEE

1974-100________

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING MARCH 1982
FROM SAME
MONTHS A
YEAR AGO

JANUARY
1982

FEBRUARY
__ 1982__

MARCH
1982

FROM PREVIOUS
3 MONTHS

203.7

206.2

209.5

15.3

8.6

186.2
225.6
195.1
230.3
201.5
195.5
189.4

188.7
226.8
196.0
232.8
201.2
198.3
189.6

195. 1
229.6
196.2
236.2
208.0
199.5
196.8

20.9
13.5
8.2
19.8
5.7
17.5
5.2

10.5
6.7
5.2
9.8
9.3
11.7
4.5

185.6

188.0

189.9

14.1

8.7

174. 1
191.7
169.2
221.0
206.6
179.6
162. 1

176.6
194.3
170.5
224. 1
206.6
181.9
164.2

178.8
196.2
171.4
225.5
210.9
182.9
166.5

17.0
14.4
6.3
20. 1
1 .9
18. 1
6.3

9.0
7.5
7.3
12.6
10.0
9.6
3.3

MEMBER BANK DATA BY S T A T E
SEASONALLY ADJUSTED
INDEX;

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING MARCH 1982

1974-100

FRQM SAME
MONTHS A
YEAR AGO

JANUARY
1982

FEBRUARY
1982

MARCH
1982

FROM PREVIOUS
3 MONTHS

185.0

187.6

189.9

17.7

11.3

192.9
196.7
198.4
229.4
202.9
184.0
118.5

191.3
198.7
202.0
229. 1
203. 1
188.3
121.4

197.8
201.2
205.4
225.7
209.9
190.6
126.5

15. 1
15.9
21 .3
21.2
7.3
24.2
6.8

1 1 .0
7.3
7.9
14.9
9.2
15.5
0.9

172.4

173. 1

175.0

15. 1

8.7

178.9
168.0
186.2
211.5
208.8
161.3
135.0

179.0
170.4
186.4
209.9
209. 1
163.3
136.7

180.6
172.2
188.9
215.8
212.5
161.7
141.8

12.0
18.9
10.5
20.3
2.5
14.8
16.3

7.7
7.9
6.9
10.3
10. 1
12.4
1 .4

TOTAL LOANS
STATE SUMMARY
(EIGHTH DISTRICT)
ARKANSAS
ILLINOIS
INDIANA
KENTUCKY
MISSISSIPPI
MISSOURI
TENNESSEE
TOTAL D E P O S I T S
STATE SUMMARY
(EIGHTH DISTRICT )
ARKANSAS
ILLINOIS
INDIANA
KENTUCKY
MISSISSIPPI
MISSOURI
TENNESSEE




PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

37

FINANCIAL

INDICATORS

SAVINGS AND LOAN ASSOCIATION DATA
SEASONALLY ADJUSTED
INDEX: 1974-100

KENTUCKY

300
250

—

—

200

150
100

1 1 1 I I 111111

J

l

I 111 1 1J I I




jI

l l

11111111111

-i.il 1 1 1 1 1 1 1 1

M ISSISSIPPI

MISSOURI

38

FINANCIAL

INDICATORS

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________
JANUARY

TOTAL SAVI NGS
U N I T E D STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT S M I T H : AR
L I T T L E ROCK-NORTH
L I T T L E ROCK: AR
P I N E BL UF F: AR
KENTUCKY
L O U I S V I L L E : K Y - 1N
M ISSISSIPPI
M I S S OU R I
S T . L O U I S : M O - 1L
S P R I N G F I E L D : MO
TENNESSEE
M EMPHI S: T N - A R - M S

MORTGAGE LOANS OUTSTANDI NG
U N I T E D STATES
CMV STATE SUMMARY
CMV METROPOLI TAN SUMMARY
ARKANSAS
FORT S M I T H : AR
L I T T L E ROCK-NORTH
L I T T L E ROCK: AR
P I N E BLUFF: AR
KENTUCKY
L O U I S V I L L E : K Y - 1N
M ISSISSIPPI
M IS S OU R I
S T . L O U I S : M O - 1L
S P R I N G F I E L D : MO
TENNESSEE
M EMPHI S: T N - A R - M S

FEBRUARY

MARCH

COMPOUNDED ANNUAL
RATES OF CHANGE
3 MONTHS ENDING MARCH 1982
FROM PREVIOUS
3 MONTHS

FROM SAME
MONTHS A
YEAR AGO

1982

1982___

1982

223.8
221 . 1
210.6
241.2
278.6

225.5
222.2
2 12 . 1
243.0
279.2

226.7
222.9
211.8
242.6
279.3

6. 1
3.3
5.9
2.3
0.3

2.7
1.6
0.3
0.5
1 8. 2

1 8 8 .7
265.7
213.5
191.3
273.7
208.4
215.8
173.2
228.6
2 06 . 1

188. 1
2 71 . 1
214.2
193.5
274.9
2 09 . 1
217.2
175.5
230.0
208.3

185.9
271.0
216.3
194.3
275.3
209.7
216.6
1 72 . 7
231.2
208.9

1.3
-1.5
6.0
26.4
1.3
2.3
2.8
2.1
5.6
6.4

-15.3
39.9
2.6
6.7
0.4
1.0
-1 . 1
-5. 1
3.3
2.4

214.7
209.3
202.7
224.4
2 74 .1

215.2
209.4
2 0 2 .1
223.6
270.9

214.8
209.2
200.9
225.5
271.4

1.5
1.3
1 .4
7.8
-1.2

2.2
0.6
0.5
3.9
18.4

1 7 2 .7
336.8
2 09 . 1
200.4
233.5
198.5
203.6
179. 1
2 17 . 1
187.2

172. 1
326.9
210. 1
202.8
2 34 . 1
198. 1
203.2
178.6
217.2
183.2

171.0
351.3
210.0
203.5
233.4
198.3
201.3
178.2
216.2
182.9

0.2
57.0
1.5
15.6
0.3
-0.2
-1.8
-3.3
0.4
-3.0

-13.5
89.5
1 .2
7.6
0.4
-0.7
-2.2
-5.0
1. 1
0.5

NUMBER OF SAV1NGS AND LOAN ASSOC 1AT 1ONS

U N I T E D STATES
CMV STATE SUMMARY
CMV METROPOLITAN SUMMARY
ARKANSAS
FORT S M I T H : AR
L I T T L E ROCK-NORTH
L I T T L E ROCK: AR
P I N E BL UF F: AR
KENTUCKY
L O U I S V I L L E : K Y - 1N
M IS S IS S IP P I
MISSOURI
S T . L O U I S : M O - 1L
S P R I N G F I E L D : MO
TENNESSEE
ME MP HI S: T N - A R - M S




JANUARY
1982

FEBRUARY
198?

MARCH

198?

MARCH
1981

3,748
370
74
67
4

3,730
369
79
67
4

3,693
360
76
67
4

3,966
395
80
75
4

5
2
75
5
57.
103
49
4
68
5

5
2
79
5
57
103
52
4
63
7

5
2
71
5
57
102
50
4
63
6

7
3
76
7
59
107
50
4
78
5

39

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS




POPULATION
Bureau of the Census
Compounded Annual
Rates of Change
1970
to
to
1980
1970

1970

1980*

203,302,031

225,478,656

1.0

1.3

15,964,668

17,890,393

1.1

.8

CMY Metropolitan Areas

5,655,075

5,991,673

0.6

1.3

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

1,923,322

2,284,037

1.7

.7

127,846
160,421

177,013
202,367

3.3
2.4

3.3
1.7

323,296
85,329
113,488

393,781
90,761
126,531

2.0
0.6
1.1

1.7
.5
1.2

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

3,220,711

3,642,795

1.2

.6

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

149,331
307,103
901,672
85,702

2.3
0.8
0.4
0.8

.6
.5
1.4
1.2

Mississippi

2,216,994

2,511,491

1.3

.2

Mi ssouri
Columbia: MO
St. Louis: MO-IL
Springfield: MO

4,677,623
80,935
2,410,884
168,053

4,906,480
100,240
2,341,351
206,054

0.5
2.2
-0.3
2.1

.8
3.9
1.2
1.9

Tennessee
Memphis:

3,926,018
834,103

4,545,590
909,767

1.5
0.9

1.0
1.4

United States
CMV States

♦Provisional

TN-AR-MS

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