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SELECTED ECONOMIC INDICATORS
CENTRAL MISSISSIPPI VALLEY
3RD QUARTER 1971
METROPOLITAN AREA ACTIVITY
EIGHT A R E A
SUMMARY
ST. L OUI S

STATE ACTIVITY
SUMMARY

MISSISSIPPI

ARKANSAS

MISSOURI

K EN T U C K Y

TENNESSEE

LOUISVILLE
M E M P H IS

CHECK PAYMENTS 11 OTHER CITIES

LITTLE ROC K




Prepared by Federal Reserve Bank of St. Louis
Released: November 2,1971

SUMMARY OF EIGHTH DISTRICT ECONOMIC ACTIVITY

Economic conditions in the Eighth Federal Reserve
District improved somewhat in the third quarter of 1971, con­
tinuing a slow upward advance similar to that in the United
States as a whole. While total payroll employment was down
slightly and the unemployment rate was up slightly, banking
activity and total spending, as measured by check payments,
continued to expand.
Total payroll employment in district metropolitan
areas fell at a 1.5 per cent rate in the third quarter as
a result of heavy losses in the manufacturing sector.
The
large dip in July was caused by a labor dispute in the
tobacco industry and layoffs for automobile model changes.
The unemployment rate at 5.5 per cent in the third quarter
was up slightly, but remained below the national rate.
District banking activity continued to grow in the
third quarter but not at the rapid pace set in the first half
of 1971. This slower growth reflects the slower growth of
national monetary aggregates in the last three months.
Loans
outstanding at district metropolitan member banks grew at a
3.8 per cent annual rate in the third quarter, only half the
rate in the first half of 1971. Deposits at district banks
increased at a 6.8 per cent annual rate in the last quarter,
slightly below the pace set earlier in the year.
Check pay­
ments, however, grew at an exceptionally high rate in the
third quarter.
Personal income in the district has increased at
an annual rate of 12.3 per cent since the first of the year,
or well above the growth rate in the United States as a
whole. The faster growth in income than employment reflects
the increases in Social Security payments beginning in June
which were made retroactive to January, wage raises paid be­
fore the wage-price freeze, and the gradual lengthening of
the work week.

ST. LOUIS
The St. Louis seasonally adjusted unemployment rate
rose in September to 6.7 per cent from the nearly constant
6.2 per cent rate which had prevailed since February.
This
jump is consistent with the unusually low seasonal rise in
total employment. While total loans at member banks declined,
deposit growth continued in the third quarter, though at a
slower rate. Check payments increased rapidly.



LOUISVILLE
Seasonally adjusted payroll employment in the
third quarter continued the slow decline which had begun
at the turn of the year. The substantial losses in the
manufacturing sector in July were the result of a labor
dispute in the tobacco industry. Loan activity fell in
the last three months, and, counter to the district and
national trends, spending increased very slowly.
MEMPHIS
Unlike the general trend in the district, there
has been an upward movement in employment in Memphis dur­
ing the last six months. The decline in the manufactur­
ing sector shows signs of abating, and the unemployment
rate remains about one percentage point below the average
for district SMSAs. Loans have more than recovered from
a series of declines earlier in the year, and spending
has risen substantially.
LITTLE ROCK
Little Rock has been largely untouched by the
economic slowdown of most other areas in the district.
It has maintained a low 3.3 per cent average unemploy­
ment rate this year with the rapid growth of new firms
in the area. The growth rate of total loans has been far
greater than that of any SMSA in the district, increasing
at an annual rate of 26.6 per cent since December. The
spurts in deposit growth and spending earlier in the year
have leveled off.
EVANSVILLE, SPRINGFIELD, FT. SMITH, PINE BLUFF
Trends in the smaller district SMSAs frequently
differ from those of larger centers.
Unemployment has
been declining in all four areas this year.
Ft. Smith
and Pine Bluff still have unemployment rates of 5.8 per
cent, slightly above the district average, while Evans­
ville with a 3.9 per cent rate enjoys one of the lowest
unemployment rates in the district.
Banking activity
and spending have generally not advanced as quickly as
in other district metropolitan areas, although deposits
and loans outstanding at member banks in the Springfield
SMSA had higher rates of growth in the third quarter
than the district average.

Eight Central M is s is s ip p i V a lle y M e tro polita n A r e a s
MANPOWER UTILIZATION

Annual
Averages
I960
1965
1966
1967
1968
1969

1970

101.4
113.3
119.5
123.9
127.5
131.7
130.7

1969

Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1971
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

Manufacturing
Employment
United
Region
States

103.2
115.8
121.8

102.lt
116.6
122.6

106.6
113.2

125.4
129.3
133.3

127.1
131.4
135.9

13^.6

137.8

134.7
135.1
135.2

137.8
138.2

132.0

131.*
132.1
131.5

132.5
133.0
133.3
133.6
133.9
134.0

136.0
136.2
136.2

134.4
13^.9
134.3
134.9

136.3
136.9
137.2
137.3
133.5

135.2
135.4
135.7
135.5
134.9
13^.4
134.3
13^.1
134.3
133.6
133.*
133.9

138.0
136.1
136.8
137.4
138.2
138.6
137.8
138.6
138.6

134.5
134.4
13^0
.7
135.0
134.5
V. i*
134.3
134.9

140.0
139.6
140.2
139.9
140.0
139.3
139.9
139.6
139.8

131.8
132.1
132.*+
132.2
132.6
131.3
131.2
131.2
132.0
132.1
130.3
130.6
130.9
131.2
130.5

130.6
130.3
129.3
129.7

130.6
131.0
130.7
130.7
130.7

130.0
129.6
130.0

130.3

13^.2

134
13




104.1

119.0
124.6
129.2
134.0
139.5
142.7

130.9

130.6

BANKING ACTIVITY________________

Nonmanufacturing
Employment
United
Region
States

Total Payroll
Employment
United
Region
States

136.3

137.7

137.3

138.5

137.3

138.7
139.1
139.5
139.6
139.9
140.1
140.9
141.2
141.3

141.9
142.5
142.8
143.0
142.8
142.3
142.4
142.4
142.7
143.4
143.5
143.3
144.3
144.4
144.7
144.9
145.2
144.9
144.8
I .O

45

145.5

99.3

117.4
119.7

122.6
116.6

101.2
108.8
115.8
117.2
119.2
121.5
116.9

123.4
119.3
118.7

120.6
121.1
121.5
121.6
121.7
122.0
122.0
122.0
122.0
121.9
121.0
121.0

118.2
120.1
120.6

120.6
120.1
120.2

118.7
118.3
117.9

U9.3
117.9
117.3
116.9

123.4
121.4
123.9
124.3

121.8
123.1
124.1
124.6

123.0

117.2
116.2
116.1
113.6
110.7
112.0

111.7
113.5

111.9

113.3

113.8
111.6
112.5
112.2
111.4
IO8.9
110.8
111.2

116.1
116.2
112.6

112.8
112.5
112
112.9
112.1
111.7
111.3

112.1

Unemployment
Rate
United
Region
States

Total Loans
United
Region
States

Bank Deposits
United
Region
States
102.5
140.9
148.3

5.3
3.6
3.2
3.3
3.2
3.2
4.7

5.5
4.5
3.8
3.8
3.6
3.5
5.0

115.4
185.7
204.1
219.5
237.6
263.5
282.9

2.9

3.4
3.3
3.4
3.5
3.4
3.**
3.5
3.5
3.8
3.7
3.5
3.6

251.1
253.5
255.5
256.9
265.1
263.4
267.9

2.8
2.9
2.9
3.1
3.4
3.3
3,4
3.4
3.4
3.4
3.6

3.9
4.1
3.9
5.3
5.1
4.6

4.3

4.6
4.8
5.2
5.2
5.4

5.1
5.4
5.5
5.4
5.4
5.3
5.4
5.4
5.6

3.9
4.2
4.4
4.7
4.9
4.9
5.0
5.1
5.4
5.5
5.9

6.2
6.0
5.8
6.0
6.1
6.2

5.6
5.8

6.1
6.0

267.2
268.9
269.4
270.6
272.2
273.3
277.4
278.5
279.1
277.5
276.7
282.3
286.4

287.0
288.6
291.0
296.9

116.7
188.3

211.1

224.2
245.0
274.6

290.0

261.6
265.6
266.8
274.8
272.9
274.8

278.6
279.0
271.8
282.3
283.2
284.1

284.8
285.5
236.2
287.4
286.9
286.7
287.5
290.7
293.2
295.2

296.8

298.5

161.2
174.6
182.4
187.1

182.3
I .O

83
183.2

184.1
183.7
184.2
182.4
181.4
181.4

180.8
181.2
181.0
181.0
180.9
182.4
184.9
184.3
184.5
187.5
190.3
189.7
191.1
192.4
196.7

301.8

300.0

200.8

303.2
304.2
307.4
309.3
314.3
3U.5
310.3
317.8

303.0
304.2
306.7
308.4

204.8
206.3
210.3

310.1
309.7
313.0
320.4

211.2

212.9
214.8
214.9
215.4

104.9
150.3

161.0

173.6
189.5
197.0

202.8

198.6
198.7
198.1

198.4
199.4
199.0
197.4
195.5
194.7
193.9

196.0

194.0

195.4
195.4
196.3
199.2

198.6
198.5
201.6
205.6
207.8
210.2
211.5
213.9

218.7
222.3

225.6
228.1
118:1
232.9
233.7
234.6

SPENDING
Check Payments £/
United
Region
States

110.8
172.5
192.3

210.8
232.9
238.8
299.0

253.3
252.5
255.3
255.6

256.8

256.7
259.5
265.1

266.1

264.9
263.7
271.4

282.8
291.4
297.3
297.9
297.9
300.5
307.8

311.6

305.5
294.0
296.3
304.7
320.4
325.2
331.6

328.8
339.8
333.8

355.3
361.7
364.5

113.4
174.4
199.0
217.3
252.5
299.1
332.4

278.6
281.7
284.6
287.5
295.0
301.7

306.2
310.0
311.2

311.1
309.9

311.8

317.2
319.9
324.7

328.8
333.9
336.6
336.9
339.1
339.0
337.7
337.6
337.7

343.5
348.1
356.5
360.1
369.7

8 :1
386.2
387.*

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

E I G H T CENTRAL M I S S I S S I P P I V A L L E Y
M E T R O P O L I T A N AREAS
BANKING A C T I V I T Y
SEASONALLY ADJUSTED
TOTAL LOANS

TOTAL PAYROLL EMPLOYMENT
1057-50-100

166

1057-50-100
500

162

480

158

460

154

440

150

420

SEPTEMBER 1071

146

400

AREA
SUMMARY

142

580

TOTAL PAYROLL EMPLOYMENT

-0.2

+0.4

158

560

TOTAL LOANS

+ 10.7

+0.5

154

540

TOTAL D EPOSI T S

+ 15.5

+ 12.0

CHECK PAYMENTS

+ 10.5

+ 14.5

1057-50-100

1057-50-100

150

520

126

500

122

280

118

260

114

240

110

1i.i L u l u

-1 i i 1 i i ILl.i.1 L j -L

iiIii

1060

1071

1070

1060

1070

1071

PERCENTAGE CHANGE
SEASONALLY ADJUSTED

INDEX
YEAR ENDI NG

U .S.

220

SPENDING

SEASONALLY ADJUSTED

.TOTAL DEPOSITS
UNEMPLOYMENT RATE

PER CENT

C .M .V .

1071

1070

1 06 0
AREAS




U.S.

1057-50-100
460

CHECK PAYMENTS

1057-50-100
460

PER CENT

1 06 0

1070

1071

X BEGINNING WITH JULY I9 6 0 , LOANS ARE REPORTED
GROSS, RATHER THAN NET OP VALUATION RESERVES
AS DONE PREVIOUSLY.

1 06 0

1070

1071

PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

St. Louis M etro politan A r e a
Total Payroll

Annual
Averages

Seasonally
Thousands Adjusted
of Persons Index

Thousands
of Persons

113.7

109.3
115.5
117.9
119.9

123.4
126.9

122.6

1970

131.2

120.7

1969
Jan*
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

898
882

122.4

901
916

122.5
123.3

919
925
923
923
924

123.0
123.2
122.9
122.6

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

898
888
898
891

121.8
122.0

908
920
920

697
913

910
902

902
895

891
901

879
877

878
889
889
896
889
m
889




121.1

131.9
605
605
607

122.2
122.0

621
625
628

122.5
123.3

623
619

122.4

119.9
120.7

121.2
121.3
121.0
120.1
119.4
118.7

119.6
119.8
120.4
119.4

119.6
119.6
118.9
118.4
118.7
118.4

Seasonally
Adjusted
Index

102.1
120.2

101.0

960
1966
1967
1966
1969

I
1965

1971
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

Nonmanufacturing

628
630
630
633

613
613

616
615
621
633
632
627
626
632
632

130.2
130.5
130.3

131.2

131.9
130.7
130.7

Manufacturing
Seasonally
Adjusted
Index
99.2
101.7
107.3
108.4
107.7
107.7

101.1

108.6
104.7
108.8
109.5
105.4

106.8
110.2

130.8

108.4

131.7
131.9
131.9

107.9
107.9
107.3
106.3

132.0
131.9

105.7

132.1
132.2
130.1
131.2

103.8
104.3
102.2

131.9
132.4

101.8
100.8
100.4
96.6

132.6
131.4
132.5
132.4

102.3
102.4

634

132.2

94.9
97.6

616
615
620
627
628
634
632
625
628

132.6
133.1
132.6
132.6
132.0
132.5
132.1
131.8

132.7

97.3
99.3
95.4
96.9
96.9

96.0
93.9
95.2
94.9

SPENDING

BANKING ACTIVITY

MANPOWER UTILIZATION

Unemployment
Rate____
Seasonally
Adjusted

Total Loans ^
Seasonally
Adjusted
Millions
Index
of Dollars

112.6

4.7
3.5
3.3
3.4
3.4
3.5
5.4

3.1
3.1
3.1
3.1
3.3
3.8
3.6
3.7
3.7
3.6
3.7
4.1

4.5
4.8
4.3
6.7
6.3
5.3
4.8
5.3
5.5
5.8
5.9

6.1
5.7

6.2
6.2
6.3
6.1
6.1
6.2
6.1
6.7

Bank Deposits ^
Seasonally
Adjusted
Millions
of Dollars
Index
99.6
130.5
133.3
142.4
150.4
151.1
148.2

162.7
179.9

183.8
192.0
210.4
218.6
2,334
2,301
2,285

2,296

2,324
2,369
2,432
2,419
2,403
2,379

204.3
205.9

206.2

206.4
209.7
211.7
214.8

2,360

213.8
213.6
212.0
212.1

2,424

214.3

2,455
2,424
2,426
2,418
2,384
2,371
2,451
2,483
2,484
2,499
2,470

219.0
217.2
215.1
211.8
210.6
219.6
221.1
222.9
222.2

2,568
2,627
2,553
2,532
2,595
2,576
2,641
2,579
2,531

2,610

214.6
216.5

226.9

229.5

228.0
228.6

233.1
232.3
235.9
229.4
225.3
233.7

Check Payments
Seasonally
Adjusted ? ,
Millions
Index
of Dollars

3,882
3,698
3,596
3,602
3.62U
3,558
3,539
3
3,*63
3,509
3,512
3,603

158.9
155.9
153.8
154.1
154.1
151.9
150.7
148.3
146.7
146.7
I
146.4

3,6U5
3,422
3,380
3,1*51
3,*16
3,370
3,1*73
3,501
3,572
3,619
3,601
3,75*

149.0
144.2
144.5
147.8
145.2
144.0
148.0
149.8
151.4
151.7
149.9
152.3

3,864
3,763
3,765
3,838
3,819
3,825
, *
, *
3,895

157.8
158.5

,**66

3 891
3 821

45.8

161.0

l64.i*
162.3
163.5
167.3
164.8
166.3

112.9

180.0
201.3
226.0
247.2
278.9
330.8

9,686

272.6

7,763
8,841
8,944

271.1
271.9
271.1
269.7

9,170
8,229
9,299
9,929
8,352
10,439

274.2
283.7

8,562
9,206

11,755

10,474
12,337
12,195

11,232
12,583
12,920
11,688
11,598
11,817
10,746
13,146

12,585
11,437
13,492
12,887
11,893
14,274
13,939
13,771

13,988

269.0
289.2
290.4
288.2
295.9

310.0
323.9
332.5
332.0
328.9
331.3
341.8
347.3
340.5
325.6
324.5
331.4

346.3
351.3
355.0
349.3
356.0
366.7
383.8
400.7
405.0

TOTAL PAYROLL EMPLOYMENT

ST. LOUIS
MISSOURI
M E T R O P O L I T A N AREA

BANKING
ACTIVITY
SEASONALLY ADJUSTED

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

TOTAL LOANS

166

-100
I
A
1A00

162

16 2

440

440

158

158

420

420

154

154

400

400

1 50

15 0

380

380

146

14 6

360

360

142

142

340

340

TOTAL PAYROLL EMPLOYMENT

-1.4

♦0.4

136

138

320

320

TOTAL LOANS

♦5 . 7

♦9.3

1Xi

300

300

TOTAL D E PO S I T S

♦9.8

♦ 12.9

CHECK PAYMENTS

♦ 18.9

♦ 14.3

1957-59

-59-100

*

134

—

--- »—

'

^

1957 “ 5 0 - 1 0 0
460

1057-50

460
PERCENTAGE CHANGE

130

130

280

280

126

126

260

260

122

240

122

Nr

118
114

110

ii

1i i 1i i 1i i
1969

1970

19 7 1

I NDEX
YEAR ENDI NG

SEPTEMBER 1971
ST.

LOUIS

U.S.

240
X/

118

220

114

200

110

SEASONALLY ADJUSTED

220
200

1 1 1 1 1 1 11 11 1

180
1969

..

1970

1 . . 1 J . L ...

1 80

1971

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

PER CENT

1969
*

ST.

L OU I S




U.S.

1 97 0

1971

BEGINNING WITH JULY I9 6 0 , LOANS ARE REPORTED
GROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

1069

1070

1971

PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS

Louisville M etropolitan A r e a

Annual
Average

Total Payroll
Employment
Seasonally
Thousands Adjusted
of Personsi Index

960
1966
1967
1968
1969

I
1965

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1971
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

99.6
116.2

102.0
11*.3
118.2

122.7
128.3
135.2

123.5
128.7
135.6
139.9

111.4

136.2

1970

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

MANPOWER UTILIZATION
Manufacturing
Nonmanufacturing
Employment
Employment
Seasonally
Seasonally
Adjusted
Thousands
Adjusted
Index
of Persons
Index

320
322
323
328
331
336
336
33*
33*
33*
321

322
31*
327
329
331
33*
335
337
335
33*
332
332
332

325
32*
325

328
331
329

326
329
333




13* *3
135.0
135.*
135.7
135.5
136.*
136.9
136.*
136.5
137.5
130.9
131.3

131.5
137.2
137.6

136.8
136.0

136.7

137.5
136.9
136.5

136.8

135.7
135.*

136.2
136.0

136.1
135.5
135.3
133.6

132.8
13*.*
136.2

199

200
201
206
210
213
213
214
214
213
214
215

208
208
209
213
217

218
220
220
219
219
219

220
214

216
218
221
226
225
225
*

22
226

132.3
132.9
133.5
13*. 3
13
135.7
136.5
137.0
137.*
137.*
137.6

*.6

138.0

138.2
138.8
138.8
138.6
139.3
138.7
*
141.1
1*0.9
*
*
*

95.6
106.5

112.8
121.*
127.7
13*.4
129.8
137.7

138.6
138.7
138.1
136.9
137.6
137.6
135.2
135.1
137.7
119.3

119.8
119.9

13*.4
135.3
133.8

132.2

1 1.0

131.5
131.5

1 1.2
1 1.2
1 1.2

128.9
129.1

1*2.6
1*3.7
1*5.0
1*4.2
1*5.0
11**.2
*2.9
1*3.3
1*5.1

129.8

126.1
125.*

125.1

122.6

120.7
120.5
.*
117.*

118
113.0
119*0

120.7

BASKING ACTIVITY__________________
Unemployment
Rate
Seasonally
Adjusted

Total Loans i/
Seasonally
Mill lens
Adjusted
of Dollars
Index

6.6
3.5
3.0
3.0

2.6
2.8
*.0

2.*
2.*
2.3
2.2
2.6
2.8
3.0
3.0
3.1
3.1
3.1
3.0

737
711

712
728

736
759

786
778
780
801
82*
87*

Bank Deposits i/
Seasonally
Adjusted
Millions
Index
of Dollars
99.7

206
228.2
262.0

156.1
173.3
181.8
205.2
231.*

302.7

192.3

2*6.5

2*1.8
2*3.8
249.4
253.3
256.*
262.7
266.5
266.1
268.1
273.3
278.8
28* .1

1,309
1,227
, *

1 21
1,226
1,235
1,239
1,2*7
1,230
1,225
1,257
1,277
1,35*

899
899
916
9*6
995

323.2

1,*17

5.0
5.*
5.5
5.1
5.3
5.7
5.3
5*5
5.5

982
971
981
1,000
1,02*
1,029
1,002
1,002

853
877

991

103.*

13*.2
1*1.0
15*.3
171.0
18*.7

299.7
297.*
295.5
297.6
307.2
.*
313.1

8*0
839
861
85*

Check Payments
Seasonally
Adjusted .
Millions
Index
U
of Dollars

113.*
169.7
191.1
.*

1,332
1,2*7
1,231
1,267
1,271
1,255
1,289
1,291
1,321
1,350

873

3.*
3.5
3.*
3.*
3.6
3.7
3.6
3.8
4.*
5.1
4.6
5.*

___________ SPENDING

286.3

288.6
29* .0

309
320.0
325.1
337.*

3*0.0
3*1.6
3*8.*
355.*
3*9.0
3*2*3
3*5.2

1,382
1,4*0
1,391
1,*10

1,**4
1,*57

1,506
8
1,506
1,521
l,* l

181.7
179.5

2,296
2 0*2
2,096
2,152
2,306

182.8
18 3

1,93*
,

185.6
183.7
186.2
187.3
189.2

2,35*8
2,089

185.3
*.
185.7
185.*

185.1
182.5
185.*
191.5

189.6
188.3
191.8
19*.7
198.3
199.9
202.7
197.9

200.0
203.6
212.2
218.3
217.1

226.1
22
o.t
223*2
226.3

2,160
2,056

2,390
2,617

2,520
2,0*5
2,2**

221.7

221.0
22* .0
226.2
232.5
236.5

236.2
23*.0
23*.0
23*.0
236.9
2*0.1
2*1.1
238.0
235.1
2*2.5
*
*

2,293
2,3*1
2,*45
2,677
, *
2,3*1
2,393
2,3*1
2,781

2 7.2
25 .0
250.8
252.6
2*8.5
2*6.6
2*8.9
252.1

2,53*

259.1
262.2
268.8

2 30

2,28*
2,703
2,6*9
2,5*8

2,806
2,680

2,722

2,590

273.0
279.2

279.9

2ol Jm
2i7«*
277.0

MANPOWER U T I L I Z A T I O N

SEASONALLY ADJUSTED

TOTAL PAYROLL EMPLOYMENT

TOTAL LOANS
1957-59-100
166

1957-59-100
500

162

480

158

460

154

440

150

420

146

400

142

580

TOTAL PAYROLL EMPLOYMENT

560

TOTAL LOANS

i-l 1 . 6

*9 .5

154

540

TOTAL DEPOSI TS

*14.1

*12.9

150

520

CHECK PAYMENTS

*11.5

*14.5

126

500

122

280

118

260

114

240

158

1 96 9

1970

1971

LOUISVILLE
KE NTUCKY
M E T R O P O L I T A N AREA

BANKING A C T I V I T Y

SEASONALLY ADJUSTED

110

1969

1970

1971

PERCENTAGE CHANGE
SEASONALLY ADJUSTED

INDEX
YEAR ENDI NG

SEPTEMBER 1971
LOUISVILLE
-0.2

U.S.
*0 .4

220

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

PER CENT

520

1 957 - 5 9 - 1 0 0
460

500

420

280

10

580

1957-59
460
420
„__.

nen
cDU

1 96 9

LOUISVILLE



1 97 0

1971

U.S.

1969

1 97 0

X BEGINNING WITH JULY 1 9 6 9 , LOANS ARE REPORTED
GROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

540

240

500

500

220

260

260

200

220

180
197 1

580

180

220
■i l l 1 I 1 1 l 1 1 1 -Li. 1
I 11 1■« 1 1 1 » 1 1 1 1 1 ■
1969
1970
1971

1 80

PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

M em ph is Metropolitan A re a

Annual
Averages

960
1966
1967
1968
1969
I
1965

Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1971
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

103.8

137.5
143.5
146.3

112.5
123.3
129.9
136.7
143.1
136.5

141.9
142.6
142.4
143.5
143.0
144.0
14^.0
143.7
143.7
144.5
144.2
144.8

142.7
143-9
144.3
144.5
143.9
145.5
145.2
144.8
141.8
141.4
139.5
139.8

138.9
140.7
141.6

218
218
219
220

146.5
147.2
146.1
143.3
142.9
145.2
146.5
147.6
147.4
147.6
147.6
147.6

137.7
133.4
133.2
133.0

217

150.9

135.0

119.2
125.9
131.8

137

266
268
267

271
271

276
276
276
275
276
276
277
271
273
272

268
269
273
275
276

278

277
279
279

275
273
274
276
278

282
261

284
283




142.1
142.9
142.9
143.7
143.2
144.4
144.2
144.0
143.2
143.8
143.1
143.7
144.8
145.7
145.0
142.2
141.7
142.5
143.4
144.2
144.9
144.5
144.9
144.7

147.2
146.0
146.1
146.3
146.8
147.2
146.8
148.1
147.1

Manufacturing
Employment
Seasonally
Adjusted
Index

104.0

103.9
U7.7
125.3
131.3
^
143.4
144.0

1970

1262
Jan*

Nonmanufacturing
Employment
Seasonally
Thousands
Adjusted
Index
of Persons

204
204
205

208
208
212
212
212
213
213
214

216
211
211
210
207
208

214
215
217

216
216
219
221

224
223

150.2
150.2
151.0
151.4
152.0
152.0

224

153>
151.7

226

SPENDING

BANKING ACTIVITY

MANPOWER UTILIZATION

Total Payroll
Employment
Seasonally
Thousands Adjusted
of Persona\ Index

138.6
136.6

134.1
135.7
135.0

132.0
132.5
130.9

131.6
131.4
129.5
130.7

131.8

Unemployment
Rate
Seasonally
Adjusted

Total T-oftnc i/
Seasonally
Millions
Adjusted
Index
of Dollars

4.8
3.7
2.9
3.1
3.0
2.9
3.7

2.7
2.3
2.7
2.7
2.9
2.9

2.8

2.9
2.9
3.1
3.2
3.1
3.0
2.9
3.3
4.0
3.6
3.7
3.6
3.7
3.8
3.9
4.1
4.3
4.1
4.0
4.4
4.6
4.5
4.0
4.6
4.5
4.2

Bank Deposits ^
Seasonally
Millions'
Adjusted
Index
of Dollars

219.8

108.3
171.6
177.8
197.3

240.2
247.5
261.4

213.5
222.5

110.9
19^.5
204.0

915

912
908
909
915
919
919
915
915

912

913
954

926
907
938
944
923
934
985

994

976
990

241.9
246.2
244.1
245.0
249.3
251.7

251.0
252.0

249.9
248.5
244.5
245.4

244.6
244.5
251.5
254.0
251.4
255.9
268.9
271.5
269.1

1,018
1,098

270.1
282.6

1,121

296.0

1,092
1,063
1,041
1,048

294.3
284.9
279.9

1,097
1,114

295.9
299.4
304.3
311.4

1,081

1,128

273.2

285.2

Check Payments
Seasonally
Adjusted /
Millions
Index
&
of Dollars

112.8
170.3
189.3
199.9
224.0
245.8
281.5

212.0

1,463
1,375
1,376
1,383

1,381
1,358
1,344
1,31*2
l,3k6
1,363
1,382
1,422

1,407
1,330
1,362
1,401
1,385
1,381
1,434
1,!*39
1,!*59
1,496
1,529
1,619

1,676
1,667
1,710
1,758
1,7^
1,764
1,799
1,776

1,802

219.9
217.5
216.4

217.6
217.0

214.2
211.5

212.0
210.1
208.7
207.6
209.2
211.4
210.5
214.2
220.4
217.5

217.8
225.9
227.3

2,236
1,879
2,039

2,210
2,101

2,157
2,167
1,992
2,139
2,390
2,214

2,568

2,439
2,053
2,407
2,466

2,168

2,552
2,575
2,412

228.1
229.4
230.0
238.0

2,674
2,587
3,404

251.5
263.7

2,921
2,533

269.0
276.4
273.7
278.3
283.5
280.4

282.0

2,518

3,062
2,661

3,003

3,046
3,085
3,069
3,038

237.4
240.7
249.6
255.0
257.8
254.5
249.6
251.7
241.3
233.0

231.6
246.9

261.5
270.7
277.8

280.0
283.5
285.0
292.0
294.0

281.9
266.7
280.8
303.5
330.2
330.9
341.9
342.8
3^3.6
346.7
359.5
363.6

362.6

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

BANKING A C T I V I T Y

TOTAL PAYROLL EMPLOYMENT

TOTAL LOANS

1957-59-100

MEMPHIS
TENNESSEE
M E T R O P O L I T A N AREA

SEASONALLY ADJUSTED

1957-5

166

162

PERCENTAGE CHANGE

158

SEASONALLY ADJUSTED

INDEX
YEAR ENDI NG

154

SEPTEMBER 1971

150

MEMPHI S

146
142

TOTAL PAYROLL EMPLOYMENT

138

134
130

+ 1.5

U.S.
+0.4

TOTAL LOANS

+ 15.7

+9.3

TOTAL DEPOSI TS

+23.6

+ 12.9

CHECK PAYMENTS

+2 8.6

+ 14.3

126

122
118
114
110

I I 1 1 1 1 1 L 1 L-L

1969

UJLL

1970

1. 1- 1..I l l 1 1 LJ.

1969

197 1

1970

1971

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

1957-59-100

CHECK PAYMENTS

1957-59-100
460
420

PER CENT

380
340
300
260

220
1969
*

MEMPHI S



U .S.

1970

1971

6EGINNING WITH JULY 1 9 6 0 , LOANS ARE REPORTED
GROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

180
PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

Little Rock Metropolitan A r e a

Annual
Averages

1

106.8
137

960
1965
1966
1967
1968
1969

I

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1971
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

106.1

118
118
120
120
121
125
125
125
*
124
124
124

12

121
122
121
121
122
12*
123
123

122
122
122
122

147.1
147.1
148.4
148.1
1*8.9

150.1
150.0

150.3
150.4

151.0
150.6

151.2

151.6
151.2
1*9.8
149.2
150.0
148.8
148.*
*
147.2
148.8
148.6
147.8

1 8.1

120
120
120
122
122

152.4
149.1
1*9-3
150.3

124
125
124
124

148.4
1*9.9
148.3
150.4




150.0

Manufacturing
Employment
Seasonally
Adjusted
Index

109.2
1 3.8
152.8
166.5
165.2

129.1
135.7
139.2
141.9
145.1
*

135.6
*
1*7.9

97
96
96
96
95
95
96

14*.4
144.3
144.9
14*.
14*.6
145.3
14*.7
145.0
145.3
145.9
146.1
146.1

158.1
162.4
163.0
166.0
169.0
170.8
170.8
170.2
170.8

93
93
93
93
95
97
97
96
95
95
95
95

146.3
145.9
144.6
14* .1
1*5.5
145.0
145.3
*
1*3.5
14
*
*

130.5
.U
141.0
144.2
149.4
149.1

1970

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

Nonmanufacturing
Employment
Seasonally
Thousands
Adjusted
Index
of Persons

1 5.0

92
92
93
93

94

95
93
94
95
95
97
98
97
97

3

1 5.0
*.9
1 5.0
1 5.0
1*9.8
1*5.6
146.1
1*7.2
1*6.6
1* 5.0
1*7.0
1*5.3
1*7.5

SPENDING

BANKING ACTIVITY

MANPOWER UTILIZATION

Total Payroll
Employment
Seasonally
Thousands Adjusted
of Persons Index

157.5

Unemployment
Rate
Seasonally
Adjusted
4.2

2.5
2.3
3.3
2.9

2.2

2.3
2.3

2.2
2.2
2.3
2.3
2.3

2.2
2.4
2.5

172.6
172.0
170.2
I69.O
167.8
163.6
160.6
160.0
161.8

2.2

162.4
162.4

161.8
63.6
161.8
161.2
160.0
161.8

162.4
I

2.9
2.7
3.3
3.2
3.0
3.8
3.7
3.7
3.8
3.4
3.3

3.3
3.2
3.*
3.1
3.3
3.2
3.5
3.*
3.3

Bank Deposits ^
Seasonally
Adjusted
Index

Millions
of Dollars

294
283

287
29*
299
3«2

313
312
311
318
321
311
316
316
318
323
322
320
332
339
329

328

332
341

3*1
3*8
352

366
367
367
*
396
410

38

3*3.4
335.5
3*3.6
*
353.3
355.6
365.5
364.4
367.2
370.9
375.6

3 8.6

361.8
369.7
374.9

381.2
382.8
380.1
376.9
387.2
396.0

388.8

110.1
183.4
206.3
214.3
239.3
261.3
304.8

186.1
200.8
210.5
216.9

502
*71
467

474
*7*
466
*70
*7J
47*
492
50*
512

507
476
473
483
484
479
*93

500

382.4
389.*
397.8

*98
509
51*
531

399.*
412.9
422.4
*33.*
*33.9
*
448.2
462.7
485.2

5*7
5*6
552
569
575
571
573
579
596

32.1

Check Payments
Seasonally
Adjusted
Index

Millions
of Dollars

107.7
160.7
173.5

133.7
259.0
282.7
299.2
319.5
357.1
383.9

2.8
2.5
2.8

171.4
168.4

164.2
162.4
158.7

Total Loans J
Seasonally
Adjusted
Index

Millions
of Dollars

212.2
209.6
208.8
209.4
210.4

208.6
207.5
207.8
209.7
213.1

215.2
213.7
214.4
211.9

211.6
213.9
215.0
215.1
218.2
220.*
220.3
220.2
220.3
221.4

231.4
2*3.1
*

2 7.2
252.1
255.6
256.3
253.8
255.3

263.6

697
558
563
6*5
581
652

666
619

663
679
590
727

255.1

251.8
254.6
2*7.7

258.1
268.9
274.9
271.6
265.2
257.7

259.2
271.3

739
641
685
731

285.9

777
75*

297.7
307.3
309.9

688
720

769
807
750

886

880
852
1,006
963
886
990
930
976
917

290.0
292.0
288.2
300.0
320.8

316.9
319.8
329.3

360.0
379.2
395.3

386.2
387.9
382.5
399.0
395.1
*01.5

MANPOWER U T I L I Z A T I O N
SEASONALLY ADJUSTED

BANKING
ACTIVITY
SEASONALLY ADJUSTED

TOTAL PAYROLL EMPLOYMENT

TOTAL LOANS

L I T T L E ROCK
ARKANSAS
M E T R O P O L I T A N AREA
500
460

PERCENTAGE CHANGE

460

SEASONALLY ADJUSTED

440

YEAR ENDI NG
SEPTEMBER 1971

420
400

L I T T L E ROCK

580

TOTAL PAYROLL EMPLOYMENT

560

TOTAL LOANS

540
520

INDEX

U .S.

+2.2

♦0.4

♦2 4 . 8

♦9 . 5

TOTAL D EPOSI TS

♦ 19.7

♦12.9

CHECK PAYMENTS

♦2 5 . 2

♦ 14.5

500
280
260
240
1969

1970

1969

1971

1970

1971

220

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

1957-59-100

CHECK PAYMENTS

1957-59-100
460
420

PER CENT

560
540
500
260
220
1 96 9

1970

1969

1971

*

L I T T L E ROCK



U.S.

1970

19 7 1

BEG INN IN 6 WITH JULY 1 9 6 9 , LOANS ARE REPORTED
GROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

1969

1970

1971

1 80

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

E vansville M etropolitan A r e a
BANKING ACTIVITY____________________

MANPOWER UTILIZATION

Total Payroll

Annual
Averages

Seasonally
Thousands Adjusted
of Personsi Index

Nonmanufacturing
Employment
Seasonally
Adjusted
Thousemas
Index
of Persons

9 .9

1966
1967
1966

1969

1970

87
87
88
88
89
91
90
91
90
90
90
90

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

88
88
88
88
88
90
90
89
90
90
83
83

1971
Jem.
Feb.
Mar.
Apr.
May
June
July
’gOc.pt.

82
88
89
90
91
91
91
90
90




Seasone
Adjust

Total Loans
Seasonally
Adjusted
Millions
of Dollars
Index

123.6

119.6
118.6

126.9
125.0

130.2

122.6
117.1

6.4
3.5
2-9
3-5
3.3
3-*
4.7

121.1
122.1
122.9
121.8
122.5
123.9
123.6
124.3
122.1
122.1
122.9
121.8

3.1
3.3
3.2
3.2
3.2
3.5
3.5
3.5
3.6
3.6
3.6
**.0

228
232
234
238

121.1
121.8
121.8
122.1
121.4

4.1
4.0
4.3
4.8
4.9
4.7
4.5
4.6

248
246
247

129.8

1969

Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

Unemployment
Rate

99-8
114.9
118.4
121.3
127.0

U
111.8
117.9
120.6

I960

1965

Manufacturing
Employment
Seasonally
Adjusted
Index

125.5

126.0

126.3
126.3
126.9
127.5
127.3
127.9
127.0
127.0
127.7
127.3
127.0
127.3
127.6
125.9
125.0
126.0

53
53
53
54
55
55
55
56
56
56
56
56

117.4

5*
54
55
54
54
55
5*
56
56
56
57
57

118.2
127.7
128.9
129.0
129.6
128.6
128.7
126.7
126.6

55
55
55
56
56
56
56
57
56

126.2

125.6
126.9
127.5
117.5

128.4
128.6

128.6
129.3
129.8
129.8
129.8
130.3
130.3
130.3

131.0
131.0

131.0
131.0
131.4
128.4
127.4
127.9

128.1
129.8

130.7
131.9
132.4
132.6

134.0
132.6

132.6
132.2
132.4
131.9

132.6
132.2
131.2

87.5
107.1
117.1

123.2
123.2
119.3
121.1
120.7
95.0
94.3

94.3
120.4
183.9
124.3
125.4

123.6
122.9
118.6
119*6

5.0
4.9
5.3
5.4
4.7

4.8
4.4
3.7
4.1
3.9
3.7
3.7
4.2

Bank Deposits ^
Seasonally
Adjusted
Index

Millions
of Dollars

240
246

238

241
247
248
248

252
256
260
262
266
262
259
265
272

267
266
278
287
286

271

27*
271
275

368
350
352
356

360

239.5
244.7
249.6
251.4
252.9

365
365
357
361
364
369
381

256.7

256.1
256.6

381

259.0
259.9
264.2

368

250.1

266.0
267.8
266.8
261.8
268.8
277.1

276.1
276.8

281.4
285.5
291.7
290.4
279.3
273.4
279.7

161.7
179.9
191.7
198.4

192.8
205.1
210.8

219.3
243.7
263.4

241.8
241.2
241.4
243.4

101.3
150.2

146.9
160.7
174.9

190.2
207.2

231.6
236.6

Check Payments
Seasonally
Adjusted p ,
Index
=f

Millions
of Dollars

100.6

113.9
173.1

224

____________ SPENDING

362
365
367

208.2

205.0
206.1
207.8

484
356
394
431
404
417
485
384
427
464

207.4
209.3

460

213.3
208.7
209.1

506
396
436

205.9
201.5
201.7
202.5
202.9
204.6
205.9

209.0

207.4
205.7
209.7
215.7
213.1
211.4

367
372
375
373
371
376
391

214.8

400
390
395
400
411
4l8
415
404
408

224.0
225.1
226.4
227.7
231.7
234.4
234.1
232.5
233.1

211.2

388

486
425
447
534

474

449
479
421
492

517
426

506

511
464

526
514
491
488

189.9
189.9
197.3
198.5
197.0
196.3
194.9
204.1

203.8
205.6
202.8
200.1
202.9

200.1
209.0
208.1
205.5
201.7
209.9
218.9

219.8
208.7
208.2
205.3
214.3
215.9
225.4

225.6
226.8
220,4

226.2
230.9

SEASONALLY ADJUSTED

TOTAL PAYROLL EMPLOYMENT

TOTAL LOANS
1957-59-100

1969

1 66

1957-59-100
500

162

480

158

460

154

440

PERCENTAGE CHANGE
SEASONALLY ADJUSTED

I NDEX
YEAR ENDI NG

SEPTEMBER 1971

150

420

146

400

142

580

TOTAL PAYROLL EMPLOYMENT

-0 .2

+0.4

158

560

TOTAL LOANS

+4 .8

+9.5

154

540

1 50

520

126

500

122

280

118

260

114

240

110

1970

EVANSVILLE
INDIANA
M E T R O P O L I T A N AREA

BANKING A C T I V I T Y

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

1969

1971

1970

1971

EVANSVILLE

U.S.

TOTAL D EPOSI TS

+9.4

+ 12.9

CHECK PAYMENTS

+5 .0

+ 14.5

220

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

1957-59-100

CHECK PAYMENTS

1957-59-100
460
420

PER CENT

580
540
500
260
220
1969
*

EV AN S V I L L E



U.S.

1970

19 7 1

BED INN INS WITH JULY 1 9 6 9 , LOANS ARE REPORTED
DROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

1969

1970

1971

180

PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

S p rin g fie ld M etropolitan A re a

Annual
Averages
I960
1965
1966
1967
1968
1969

Nonmanufacturing
Employment
Seasonally
Thousands
Adjusted
of Persons
Index

106.8

111.1

1970

124.8
134.5
144.6

Unemployment
Rate
Seasonally
Adjusted

142.6
147.8
150.9

131.9
138.5
143.7

176.9
177.8
174.0

2 .8

136.1
137.1
137.5
138.5
138.5
139.2

184.2
180.9
174.1
176.3
176.3
177.5
177.5
179.7
179.7

2.4
2.5

126.6

55
55
54
55
55
55
55
56
56
57
56
56

147.5
1*7.5
146.1
147-5
147-5
148.3
147.5
148.0
147-7
148.5
149.1
148.5

38
39
39
40
40
40
40
39
39
40
41
4l

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

55
55
55
56
56
57
57
57
57
57
57
57

149.9
149.9
149.6
148.5
149.9

40
40
40
41
41
42

1971
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

55
55
56
56
56
56
56
56
57

152.8

152.3
153.4
151.7
149.9
150.9
152.0

149.9
149.1
150.7
149.6
150.4

150.2
148.5
150.4
152.3

42
4l

4l
42
41

138.2
138.2

137.8
139.2
141.0
140.6
142.4
142.7
142.7
142.7
142.7
145.9
145.5
145.9
144.1

42

143.8
143.1
143.4

40
40
41
41
41
41
40
40
42

142.8
142.4
144.2
142.4
142.8
142.1
141.4
142.4
145.2

152.1

178.6

175.2
174.1

174.1
172.9
171.8
167.3
172.9
175.2
174.1
177.5
176.3
169.5
176.3
179.7

172.9

170.6

171.8
172.9
175.1
176.3

171.8

176.3
175.1

Total Loans
Seasonally
Adjusted
Index

Millions
of Dollars

3.2
4.0

2.2

3.7
3.3

3.*
3.6
3.9
3.1
3.3
3.3
3.6

3.7
3.1
3.8

4.1
5.7
4.3
3.8
4.1
3.9
3.9
4.3
3.8

4.4

4.8
4.2
4.7
4.1
3.9
3-9
4.2
4.7

Bank Deposits ^
Seasonally
Adjusted
Index

Millions
of Dollars

125.2

6.4
3-7
3.2
3.3

116.4
120.5

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.




Manufacturing
Employment
Seasonally
Adjusted
Index

126.2
132.6

120.7

SPENDING

BANKING ACTIVITY

MANPOWER UTILIZATION

Total Payroll
Employment
Seasonally
Thousands Adjusted
oi‘ Persons Index

68
69
70
72
71
73
76
78

80
78
77
77
76
76
77

81
82
81

84
87
90
87

86

87

87
87
89
92
94
98

100
100
100

Check Payments
Seasonally
Adjusted ,
Index ->

Millions
of Dollars

110.8

IS'0.3

104.2
152.3

210.0

160.1

254.5
306.4
359.5
401.4

184.7

201.6

218.0

248.7

334.0
348.5
350.5
348.5
3^3.7
358.7
360.7
365.5
377.7
372.3
374.8
379.6
378.2
381.1

166.3
179.8

266.1

231.4
235.6

128

122
122

230.1

126

231.7
234.0
233.8
236.1
234.7
234.5
232.5
231.1
229.1

122

222.7

123
124
124

126

126
128
124

226.0

291.5

307
242

270

261.1

232

259.1
262.5
262.7
264.7

268
296
318

289

268.4
270.4
273.5

288.5
287.7
286.4
284.4
289.7

221.5
223.4

226.1

332
271
309

393.7
394.7
394.7
4QI.9
408.3
427.2
414.6
416.0
425.2

123
123

232.9
235.3

298

125
131
135
135
135
135

233.7
240.9
244.0
244.9
245.3
248.1

430.6
434.5
442.2
446.1
451.5
477.7
478.2
470.9
476.7

137
135
137
142
143
148
154
153
156

248.7

381.1

118

122

231.0

256.1
263.6

269.5
271.9

281.2
287.7
282.2
283.1

266.6

314
317
274
318

118

123

263.0
259.9

312

330
348

328
329
332
314
359

366
367
446
437
400
451
439
447
437

280.8

288.8

292.8
289.2
291.5
289.2
299.3
310.0
344.5
374.4
399.5
396.6
397.2
389.3
389.6
379.5
381.4

SPRINGFIELD
MISSOURI
M E T R O P O L I T A N AREA

BANKING
ACTIVITY
SEASONALLY ADJUSTED

MANPOWER U T I L I Z A T I O N
SEASONALLY ADJUSTED

TOTAL LOANS

TOTAL PAYROLL EMPLOYMENT
1057-59-100
1957-59-100
166 --------------------------- -------------------------------------------------------- 166

1957-59-100

1957-59-100

162

162

158

158

154

154

150

150

146

146

142

142

TOTAL PAYROLL EMPLOYMENT

158

138

TOTAL LOANS

134

134

PERCENTAGE CHANGE

130

130

126

126

122

122

118

118

114

1 14

110

-J -L -l-L -L l. 1.1

-L-l-l-Ll Li-ll.l I-

1969

1 97 0

ll
1971

11 110

SEASONALLY ADJUSTED

INDEX
YEAR ENDI NG

SEPTEMBER 1971
SPRINGFIELD

1969

1970

U.S.

+0.4

+0.4

+ 11.6

+9.3

TOTAL DEPOSI TS

+ 16.0

+ 12.9

CHECK PAYMENTS

+30.6

+ 14.3

1971

SPENDING

SEASONALLY AOJUSTEO

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

1957-59-100

CHECK PAYMENTS

1957-59-100
460
420

PER CENT

380
340
300
260

220
1969

1970

1971

1969

1970

1971

1 96 9

1970

1 80
1971

* BEGINNING WITH JULY 1 9 6 9 , LOANS ARE REPORTED
SPR IN G FIELD




U.S.

GROSS, RATHER THAN NET Of VALUATION RESERVES
AS DONE PREVIOUSLY.

PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

Fort Smith M etropolitan A re a
BANKING ACTIVITY_____________________

MANPOWER UTILIZATION

Annual
Averages

Total Payroll
Employment
Seasonally
Thousands Adjusted
of Persons Index

I960

95.9

132.8

1965
1966
1967
1966
1969

139.1
142.8
146.6
155.7
.1*

157

1970

1969

Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1971
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

Nenmanufactur ing
Employment
Seasonally
Thousands
Adjusted
of Persons
Index

44
45
46
46
46
46
46

47
47
47
47
46
46
46
47
48
47
*7
47
47
46

46

45

45
45
46
46
46
46
46

47
47




28
28
28

Manufacturing
Employment
Seasonally
Adjusted
Index

Unemployment
Rate
Seasonally
Adjusted

92.7
126.7
133.5
135.1
136.9
142.2
144.9

103.4
147.2
152.3
160.7
169.3
187.2
186.6

8.9
6.8
6.1
5-2
4.8
4.4
5.5

182.0
183.9
184.5
185.3
188.8
187.8
190.9
182.2
191.9
192.2
188.4
188.4

4.3
4.4
4.4
4.5
4.4
4.4
4.0
4.5
4.4
4.4
4.3
4.3
4.6
4.5
5.0
4.6
4.8
5.0
5.3
5.9
5.9
6.4

152.6
153.3
153.5
154.6
155.6
155.9
156.2
154.1
157.4
158.4
157.8
159.0

29
30
29
29
29
30
30
30
31

140.0
140.2
140.2
141.4
141.3
142.2
141.3
142.0
142.6
143.9
144.7
146.4

158.3
158.4
159.7
159.7
159.3
159.9
157.5
157.0
155.5
154.8
15
153.9

29
29
29
30
31
30
30
30
30
30
30
30

145.2
145.6
145.7
145.3
146.1
145.1
145.6
144.7
143.7
1*3.7
1*4.3
143.2

188.7

183.3
180.5
178.5
178.9

6.8

155.6
154.9

29
29
29
29
30
?9
29
29
30

145.7
143.8
145.3
142.9
141.3
141.6
141.7
141.4
143.0

178.5
180.9
188.4

6.9
6.7
6.3

*.6

158.2

157.5
155.3
155.8
154.6
156.7
157.8

188.2

192.5
193.*
190.3
194.3
185.4

185.6

7.1

191.8
188.0
189.0

6.1

184.7
192.3

6.1

192.1

6.4
5.4
5.8

5-6

Total Loans
Seasonally
Adjusted
Millions
Index
of Dollars

Bank Deposits
Seasonally
Adjusted
Millions
of Dollars
Index

213.8
237.0
258.2
79

83
84

86
88
88
90
90
91

89
90
90
91
92
93
92
92
93
96
95
99

101
100
103
108
107
106
109
109
no

223.1

225.6
228.1
229.2

230.4
230.4
237.6
244.3
245.7
248.5

249.9

251.3

251.0

252.4
252.4
254.9

256.0
254.9
254.0
255.4

261.0
266.0
265.2
275.2

283.8
279.9
290.8
301.7
296.7

291.4
300.0
302.8
308.6

Check Payments
Seasonally
Adjusted ,
Millions
Index ^
of Dollars

105.0

103.2
168.2
I69.O
174.9
182.8
192.9
205.8

115.5
200.4
208.4
208.3

80
81
82

___________ SPENDING

126
122
123

123
124
125
127

128
127
129
132
133

132
126
127
129
129

132
137
137
139
142
143
147

187.9

190.0
189.1
190.6
193.4
192.9

192.0
195.9
193.8
193.9

198.1
196.8
196.6

153.2
171.9

189.2
203.0
223.9
237.3
196

158
182
184
182
193
213

186
198
210
180
210
230
203
211

217.8
212.0
212.7
217.8
215.3

223.9
228.7
229.3
234.3
231.3

232.8
230.9

217.6

217
241

240.4
236.7
232.5
225.1
229.3
234.6
238.5
238.3
239.8
240.6
244.0
247.5

227.7

195.4
197.0
200.5

201.2

203.9
207.5
209.1
211.7
214.0
214.9

215
203

226
210
221
230
243

153
149
154
163
163

229.8
238.5
252.8
252.8

239
209
254

252.8
258.6
261.2

234

262.9
270.3

164
163

249.5
249.1
248.0
252.7

271
265
265

162

166

252
272

272.6

283.4
282.9

289.8

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

BANKING A C T I V I T Y

TOTAL PAYROLL EMPLOYMENT

TOTAL LOANS

FORT S M I T H
ARKANSAS
M E T R O P O L I T A N AREA

SEASONALLY ADJUSTED

PERCENTAGE CHANGE
SEASONALLY ADJUSTED

INDEX
YEAR ENDI NG

SEPTEMBER

1971

FORT SMI T H
TOTAL PAYROLL EMPLOYMENT

I960

1970

1969

1971

1970

*1 .5

U.S.
*0 .4

TOTAL LOANS

*18.2

*9 .3

TOTAL D EPOSI TS

*19.4

*12.9

CHECK PAYMENTS

*20.9

*14.3

1971

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

PER CENT

1969

FORT SMI TH




U.S.

1970

320

1957 - 5 9 - 1 0 0
460

300

4 20

X BEGINNING WITH JULY I9 6 0 , LOANS ARE REPORTED
GROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

1957-59
460
420

__

280

380

260

3 40

340

240

3 00

300

220

260

260

200

2 20

180
19 7 1

CHECK PAYMENTS

180

jT

380

220

1»1LL1-Lxl 11-l-l-l-l I 1i 11-1.1. 11l i-l.l 11111,
1969

1970

1971

1 80

PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

Pine Bluff M etropolitan A re a
BANKING ACTIVITY_____________________

MANPOWER UTILIZATION

Annual
Averages

Total Payroll
Employment
Seasonally
Thousands Adjusted
of Persons Index

960
1965
1966
1967
I

Norunanufacturing
Employment
Seasonally
Tnousands
Adjusted
Index
of Persons

101

107.7
13^.3
141.8
144.2
147.1

1968
1969
1970

.7
135.7
145.1
147.9
150.3
153.9
149.3

150.0
145.4

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

24
24
25
25
25
25
25
25
25
25
25
25

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

24
24
24
2k
24
24
24
24
24
24
24
24

149.0
148.1
147.6
146.3
145.8
143.3
144.3
142.5
143-3
144.9
145.0
144.8

1971
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

24
24
*
24
24
24
24
23
24

145.4
145.9
144.7
144.3

2




149.5
150.3

151.0

151.1
150.5
151.1

150.1
149.5
149.9
149.5
148.7

149.0

143.6

140.7
142.1
139.7
143.2

19
19
19
19
19
19
19
19
19
19
19
19

19

18

19
19
19

18
18
18
18
19
19
19

18
18
18
18
18
18
18
18
18

152.8
154.1
154.6
154.8
154.4
155.6
154.0
153.6
154.0
153.7
152.7
152.9
153.2
152.3
151.1

150.2
149.9
146.5
148.2
I
146.7
148.7

45.6

149.8

149.3

150.8
48.7

151.1
I
148.0
146.9

143.6

147.0
143.4
I

47.2

Manufacturing
Employment
Seasonally
Adjusted
Index

Unemployment
Rate
Season!
Adjusl

125.3
129.9
132.3
133.3
137.6
138.4
133.9

6.3
4.0
3-6
4.0
3.9
3.8
5.5

139.6
139.1
140.3
140.1
139.0

3.3
3.4
3.6
3.3
3.5
3-6
3.7
3.6
3.9
4.3
4.5
4.3

138.0

138.5
137.5
137.9
137.0

136.8
137.5

136.5
135.5
137.2
134.7
133.7
133.9
132.7
133.4
133.3
133.6

130.8
131.6

129.3

130.8
132.9
133.5
133.8

132.2
128.0
128.8
131.6

4.7
5.2
5.4
6.3
5.5
5.3
4.9
5.9

6.0
5.6
5.4
5.4

6.1
6.4
6.0
6.0
5.2
5.5
5.5

6.0
5.9

T
!/
Total Loans
—
Seasonally
Millions
Adjusted
Index
of Dollars

Bank Deposits ^
Seasonally
Adjusted
Mill ions
Index
of Dollars

80
79
76
77
78
79
78

319.3

326.6
326.2

113.5

162.0

I

176.9
192.9
203.7

197.3
203.4
204.5

223.2

210.2

126
123
123
123

207.3

207.2
206.8
207.2

327.0
324.6
325.8
324.6
309.0
313.1

320.1
322.1

121
121
118
115
120
125
128

202.2
196.2
200.8
206.3
206.0

317.6

127

199.4

319.3
323.8
327.5
320.9

123

202.0
202.4
202.7
202.5
199.4

216.7
216.3
219.1
218.9

78
79
79
78
78
79

322.1
322.1

120
120
120
117
120

84
84
85
87
91

327.9
343-9
342.6
346.3
355.3
369.3

125
127
129
132
136
142

92
93
97
96
99
103
99
96
96

376.6
382.4
400.4
396.7
406.1
418.4
407.0
391.8
393.0

141
141
147
146
145
147
147
148
149

80

Check Payments
Seasonally
Adjusted
Millions
Index
of Dollars

108.2
65.O
183.8

128.7
244.5
256.5
275.5
295.6
321.3
335.1
78
79
79
79
79

___________ SPENDING

206.3
208.7

206.1
213.8

222.8

231.2
237.6
248.1
246.7
246.3
253.1
252.3

252.2
249.8

244.7

116
91
107
113

100
109
117
96
119
136
124
146

122
106
115
118
109
125
123
115
129
140
144
159
124
115
134
143
119
144
133
148

161

230.2
223.1
227.8
227.2
229.6
235.3
238.6
234.0
205.9

192.2
205.0
229.5

252.6
245.0
248.7
244.6

250.6
254.5
263.1
258.9
230.7
209.9
227.1

251.2

274.6
263.3

282.0
277.3
289.2
285.7
309.5
315.4
325.4

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

P I N E B L UF F
ARKANSAS
M E T R O P O L I T A N AREA

BANKING A C T I V I T Y
SEASONALLY ADJUSTED

TOTAL LOANS

TOTAL PAYROLL EMPLOYMENT
1957-59-100

1957-59-100

PERCENTAGE CHANGE
SEASONALLY ADJUSTED

INDEX
YEAR ENDI NG

SEPTEMBER 1971
P I N E BLUFF
TOTAL PAYROLL EMPLOYMENT

1969

1970

1969

1971

1970

-

U .S.

0. 1

♦0.4

TOTAL LOANS

♦ 14.7

♦9 . 3

TOTAL DE POS I T S

♦ 15.5

♦12.9

CHECK PAYMENTS

♦4 1 .0

♦ 14.3

1971

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

1969
PINE

BLUFF




1971

1970
U.S.

PER CENT

1 96 9

1970

1971

K BEGINNING WITH JULY I9 6 0 , LOANS ARE REPORTED
GROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

320

1957 - 5 9 - 1 0 0
460

300

420

1957-59
460
420

__

280

380

260

340

340

240

300

300

220

2 60

200

220

180

180

*—

'A

\ur

\V J

260

/

220

111 i 11 11n i 111 111 111 11 i i 1 t i 1 i i 1 i i
1969

1970

680

1971

180

PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

State Summary
MANPOWER UTILIZATION

Annual
Averages
I960
1965
1966
1967
1968
1969
1970

1969

Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1970
Jetn.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1971
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

Total
Employment
Uhited
Five
States
States

Total Payroll
Employment
United
Five
States
States

N.A.
108.5
111.5
113.3
115.1
114.6
114.9

103.7

114.8
114.4
114.3
114.9
114.3
113.7
114.7
114.5

115.0
115.0

102.9

117.4
116.5
116.3
116.4
115.3
115.3

115.2
114.6
115.2




134.0
139.5
142.7

1-34.2
134.3
134.2
134.7
135.1
135.1
134.8
135.5
135.7
135.8
135.9
135.7

137.3

120.5
121.3
121.4
121.3

142.4
142.3
142.5
143.0
143.2
143.5
143.4
143.9
144.0
144.1
143.6
143.5

132.5
133.0
133.3
133.6
133.9
134.0
134.2
134.4
134.9
13**.
13**.9

144.1
144.7
144.6
144.4
144.1
144.0
143.8
143.8
144.3
144.4
144.5
145.0

135.2
135.4
135.7
135.5
134.9
134.4
134.3
134.1
134.3
133.6
133.4
133.9

138.5
138.9

141.9
142.5
142.8
143.0
142.8
142.3
142.4
142.4
142.7
143.4
143.5
143.3

146.3
145.8
145.2
145.7
145.4
144.9
144.9
144.5
145.1

134.5
134.4
134.5
134.7
135.0
134.5
134.3
134.3
134.9

140.4
140.1
139.8
140.0
139.6
139.2
139.5
139.1
139.7

144.3
144.4
144.7
144.9
145.2
144.9
144.8
145.0
145.5

121.1
121.7
121.9
122.4
122.4

123.5
123.3

114.9
115.5

133.0
135.1
137.3

118.8
121.9
123.0

131.5
135.3
A
144.3

114.1
116.4

115.5
115.3

115.0
115.2

119.0
124.6
129.2

104.1

120.1
127.6

114.7
114.8

115.0

103.6
119.0
125.1
129.6

111.2

122.8
122.9
123.2

114.8
114.8
114.2
114.4
114.3

103.2
115.8
121.8

Nonmanufacturing
Employment
United
Five
States
States

123.6
123.0

123.4

122.5
122.9

122.8
122.8
123.1
122.9

122.8
123.4
122.9

122.8
123.1
123.5
122.7
123.5
123.9
124.4

1 3.3

125.4
129.3

133.8

134.6

132.0

8

136.5
137.2
137.0

136.8

136.9
136.9
136.9
136.9
137.4

138.1

137.8
138.2

138.7
139.1
139.5
139.6
139.9
140.1
140.9
141.2
141.3

INCOME

Manufacturing
Employment
United
Five
Stfttcs
States
104.1

101.2
108.8
115.8
117.2
119.2

Unemployment
Rate
Five
United
States
States
N.A.

121.5
116.9

4.7
4.1
4.3
3.9
3.7
4.8

5.5
4.5
3.8
3.8
3.6
3.5
5.0

120.6
121.1
121.5
121.6
121.7
122.0
167.0 122.0
167.0 122.0
166.8 122.0
167.1
121.9
164.8
121.0
164.9
121.0

3.*
3.5
3.5
3.7
3.6
3.8
3.7
3.8
3.8
3.7
3.9
4.0

3.4
3.3
3.4
3.5
3.4
3.4
3.5
3.5
3.8
3.7
3.5
3.6

4.1
4.2
4.4
4.9
5.0
4.7
4.6
4.8
5.0
5.2
5.2
5.2

3.9
4.2
4.4
4.7
4.9
4.8
5.0
5.1
5.4
5.5
5.9

122.6
133.5
136.2
140.7
165.9
163.6
165.0

164.3
165.5
165.9
165.5
166.4

165.0
165.4
165.6

120.6
120.1
120.2

165.5
163.9
163.5
162.9

119.3
117.9
117.3
116.9

163.5
161.9

162.6

116.1
116.2
112.6

161.9

111.7
113.5

161.0

162.5
161.7

160.2
161.4
161.3
160.9
159.5
159.5

160.2

113.3

112.8
112.6
112.9
112.1

112.5

111.7
111.3

112.1

5.0
5.5
5.5
5.2
5.2
5.1
5.2
5.4
5.4

6.2
6.0
5.8
6.0
6.1
6.2
5.6
5.8

6.1
6.0

Personal
Income
Five
States;

United
States

108.1
161.9

109.8
160.8
172.3
188.6
205.4
220.0

147.6

173.8
191.1
205.9
219.1

200.6
200.2
202.5
203.6
204.0
205.1
207.4

209.6
209.0
208.0
209.6
210.8
212.3

215.0
216.6
217.1
218.2
219.9
221.8
221.3
221.4
221.3
220.5

223.6
228.7
226.7
233.4
234.5
234.5
239.9
239.3
N.A.
N.A.

147.5

197.3

198.8
200.8
202.1
203.4
204.8
206.4
207.9

209.2
210.2
211.4
212.6
213.6
214.5
216.1
221.2
219.5
219.4
220.4
221.5
223.1
222.7
223.3
224.7

227.2
228.1
229.9
231.2
232.7
238.2
235.2
N.A.
N.A.

Farm Cash
Receipts 3/ '*/
United
Five
States
States
3,431
4,280
4,398
4,425
4,672
5,031
5,174

439

34,010

39,160
43,094
42,693
44,117
48,117
49,231

3,959
7,031

714
991
1,248

10,200
13,350
16,608

2,148
2,455

27,702
32,286

1,521
1,816
2,868

20,007
23,834

3,623
4,421
5,031

38,104
43,476
48,117

460
756

**,376
7,757
11,309
14,739

1,068
1,363
1,639
1,965

2,298

2,619
3,043
3,797
4,601
5,174

479
774

1,072
1,352
1,626
1,956
2,254

2,582
N.A.

18,108
21,738
25,687
29,588
34,127
39,877
45,030
49,231
4,242
7,625

11,168
14,587
18,014
21,758

25,620

29,854
N.A.

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED
1 957

-J.W L

P A Y R 0 L L

CENTRAL M I S S I S S I P P I
VALLEY S TA TE SUMMARY

E « P L O Y ^ N T s o _ t. .

170

170

160

1 60

150

150

YEAR ENDI NG

MO

SEPTEMBER 1971

MO
130

130

120

120

11111111111
1969

11111111111
1970

» 1.1 M.l » 1 1 1 1

1971

110
100

INDEX

STATE
SUMMARY

-

— ----

110
100

PERCENTAGE CHANGE
SEASONALLY ADJUSTED

U.S.

+ 0.6

+0.4

NONMANUFACTURING

+ 1.7

+2.0

MANUFACTURING

-

2.0

-3 .5

+0.2

+ 1.3

TOTAL PAYROLL EMPLOYMENT

TOTAL EMPLOYMENT

PERSONAL

INCOME

TOTAL NONklANUFACTURIN6

TOTAL MANUFACTURING
2-40

240

220

220

200

200

180

180

160

160

140

1 40

120
100

120

100
80

80
60

j

11111111
1969

C.M.V.

1111111

STATES




iLu-

■

111111
1971

1970

U.S.

iTT

60
PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

A rk a n s a s
MANPOWER UTILIZATION_________________________________________

Annual
Averages

Total
Employment
Seasonally
Thousands
Adjusted
Index
of Persons

960
1965
1966
1967
1968
1969
I

102.4
115-9
119.3
121.4
124.2
128.5

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1971
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

651

662

67 k
691
705
71b

721

718
7U
721
716
675

127.3
127.7

127.2
128.6

128.4
127.9

129.2
129*2
129.5
129.8
128.4

128.3

660
668
678
690
703
712

128.8
128.1
128.4
128.1
127.6

709
713

127.1
127.5

700
708
701
670

129.1

127.2
127.3
127.0
127.5

665
679
690

130.0
131.0

697
709
713
727
719
707

129.2
128.8
130.5
128.6
128.6




130.4
129.5

Nonmanufacturing
Employment
Seasonally
Thousands
Adjusted
Index
of Persons
104.1

105.9
131.3
140.0
143.6
W
153.0
153.4

126.1
132.6
135.9
138.9

7.7

127.8

1970
1969
Jan*
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

Total Payroll
Employment
Seasonally
Thousands
Adjusted
of Persons
Index

514
515
521
525
531
539
540
543
540
536
532
533

522

151.9

151.8

152.3
152.4
153.3
153.5
153.8
153.8
153.7
153.2
153.1
153.5

523
525
531
533
538
537
539
538
535
531
533

1?4.1
154.2
153.4
154.2
153.9
153.0
152.9
152.5
153.1
153.0
153.2
153.5

522

15*.2

53k

154.5
154.9
155.1

524
530

538
548
549
546
545

155A
155.9
156.5
154.6
155.2

142.5
1^3.7

Manufacturing
Employment
Seasonally
Adjusted
Index
110.9
145.4
160.3
164.9

172.2
182.2
180.3

179.8
181.0
181.6
183.2
182.7
183.6
I83.O
183.2
183.2
182.6

351
352
356
359
363
369
369
371
369
365
363
365

141.8
141.8
141.9
141.8
142.5
142.8
143.0
143.2
I .O
142.3
142.5
142.9

355
357
358
365
367
370
371
371
370

143.3
143.7
142.6
143.8
144.0

368

143.4
143.8
143.3
143.6
143.8

183.4
183.4
182.8
181.0

367
370

144.3
144.7

179.6
177.9
177.8
179.6
178.4
177.5
177.7

360
362
366
370
372
379

382

376
376

43

1.42.2
145.7
145.9
146.1
146.2
146.7
148.1
145.3
146.0

179.6

182.9

183.9

178.9
178.7
179.7
179.9
180.9

181.2

179.3
180.3
180.5

____________________________ INCOME

Unemployment
Rate
Seasonally
Adjusted

Millions
of Dollars
Monthly Rate

6.6

Personal
Income
Seasonally
Adjusted
Index
112.4
I
179.9
189.1

63.6

5.2
4.5
4.4

210.6

4.2
4.1
5.2

226.9
241.9

3.9
4.0
3.8
4.0
3.9
4.1
4.3
4.2
4.3
4.2
4.7
4.3

405
376
383
391
400
409
409
410
423
462
469
427

4.5
4.6
4.9
4.9
5.2
5«1
5.2
5*5
5.6
5.7
5.7
5o

441
421
408
417
422
437
438

5.7
5.5
5.7
5.4
5.4
5.2
5.3
5.5
5.4

477
432
442
450
454
484
484
N.A.
N.A.

434

44-+

492

491
446

222.4
217.7
222.9
225.7
228.5

226.2

228.5
229.3
230.7

Farm Cash
Receipts
Millions
-/
of Dollars **
2,459
3,581
3,931
4,132
4,611

4,964
5,291
+05

781
1,164
1,555
1,955
2,364
2,773
3,183

226.1

3,606
4,068

230.7
233.7

**,537
4,96**

242.1
2430
237.6
240.4
240.5
241.9
244.5
242.7
242.2
241.4
242.0
244.2

862
1,270

261.9
249.7
257.4
259.3
258.4
267.9

270.1
N.A.
N.A.

441

1,687
2,109
2,546
2,983,418

3,862

4,354
4,84?
5,291

477
909
1,351

1,801

2,255
2,739
3,223
N.A.
N.A.

Millions
of Dollars

669
910
986
914
998
1,113
1,073

66
112
201
250

155

316
373
426
530
755
1,007
1,113
74
124

180
232
280
354
417

473
577
780
979
1,073

68
116
163
210
260
333
393

451

N.A.

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

ARKANSAS

TOTAL PAYROLL EMPLOYMENT

1957-59-100

1957-59-100
170
160

PERCENTAGE CHANGE
SEASONALLY ADJUSTED

I NDEX

150

YEAR ENDI NG

HO

SEPTEMBER 1971

150

ARKANSAS

U.S.

+ 1.4

+0.4

120

TOTAL PAYROLL EMPLOYMENT

110
100

NONMANUFACTURING

+ 1.7

+2.0

MANUFACTURING

+0.5

-3 .5

1 .1

+ 1.3

TOTAL EMPLOYMENT

+

PERSONAL

I NCOME

TOTAL NONMANUFACTURING
170
160
150
140
130
120

TOTAL MANUFACTURING
240

240

220

220

200

200

180

180

160

160

HO

140

120

120

100

100

80
60

80

a Li 1 1n i l .

1 1 i-iL-iLi

1 96 9

A RK AN SA S



1970
U .S .

i.

nlii

1971

60
PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

Kentucky
MANPOWER UTILIZATION____________________________________________

Annual
Average

Total
Employment
Seasonally
Adjusted
Thousands
Index
of Persons

960
1966
1967
1968
1969

N.A.

I
1965

Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1971
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

1,081
1,070
1,087

1,108
1,156
1,1*7
1,158

1,136

1,176
1,172
1,13*

1,110
1,056
1,090

1,075

1,109
1,1*3
1,163
, **
1,167
, *

11
1 21
1,211
1,162

1,151

117.0
11* .8
11*.6
11*.7
11*.1
113.9
11*.6
11*.0
114.1
11*. 9

11*.0
11*.2

114.2

115.1
11*. 9
11*.8
11*.8
114.6
11*. 3

115.0

117.9
118.7
116.9
.*

118

1,111

120.0
118.8

1,13*
1,151
l,l l

119.5
119.1
116.7

1,109

6
1,200
1,167
1,187

1,210




118.2
116.5
117.0
117.5

Nonmanufacturing
Employment
Seasonally
Adjusted
Thousands
Index
of Persons

102.5
119.1

10*. 3
106.2
110.8
112.9
11*.6
115.8

1970

1969

Total Payroll
Employment
Seasonally
Adjusted
Thousands
Index
of Persons

102.5
117.7
122.9

126.2
131.3
136.3

128.6
133.6
137.8
1*1.1

1*0.5
143.5

875

876
879
891
902
911
901
899
909

910
895
900
871

1*0.0
1*0.3
1*0.2
1*0.5
1*0.5
1*1.3
*
1*0.7
*
*
139.5
139.7

1 1.0
1 1.0
1 1.6
139.5

886
892
906
916
921

1*1.8
1*2.1
1*2.8
1*2.6

915
919
931
936
937
9*2

1**.0
1*4.6
1*5.6
I 46.I

920

1*7.2
1*6.1
1*6.1
1*7.0
1*6.6
1*5.9
1*6.1
1*6.9
1*7.6

913
917
933
9*1
9*2
933
937
951

1*2.7
1*3.3

1*6.3

630
630
63*
6*7
656
659
6*9
6*9
656
65*
653
65*
632
636
6*1
65*
66*
667
665
666
677
682
685
689
668
66*
671
687
695
*

69
690
690
701

137.5

137.6
137.3
137.6
137.9
138.3
137.8
137.9
137.8
137.6
137.8
137.9

138.1
138.7
138.9
139.0
139.6
139.9
*
*
* .*
*

1 1.2
1 1.6
12
1 3.6
1**.6
1*5.4

1 6.0

*
1*4.8
145.*
*
*
145.5
1*6.5
1*6.7
1*7.5

1 6.1
1 6.1

Manufacturing
Employment
Seasonally
Adjusted
Index

102.6
123.1
135.5

138.8
143.9
1*8.*
150.1
1*7.2
1*8.1
1*8.3
1*8.6
1*7.9
1*9.5

150.0
1*8.7
150.2
152.9
1**.*
1**.6
1*3.6
150.*
151.2
153.3
151.1

150.8
1*9.1
150.8
150.7
151.*
.*
*

150
1 8.9
150.9
*
*
*
*
1*7-1
l**-9
1*7.3
1*7.9

1 9.8
1 8.3
1 9.6
1 8.0

_____________________________ INCOME

Unemployment
Rate
Seasonally
Adjusted

Millions
of Dollars
Monthly Rate

109.6
1*8.*

N.A.
5.9
5.1
5.1
*.7

163.5
177.0
*
210.5
227.3

19 .8

*.2
5.1
*.l

*.2

760

3.9
*.3
3.9
*.l
3.9
4.0
*.l
*.l
*.5
*.9

730
7*1
7*4
776

*.6
5.0
*.7
5.0
5.1
5.1
5.2
5.1
5.2
5.5
5.*
5.6

5.*
5.9
5.7
5.6
5.5
5.9

6.0
6.2
6.1

Personal
Income
Seasonally
Adjusted
Index

712

766

76*
779

788
792
851

796
779
791

806
811
826
827
823
839
853
857
*

92

856
803
86*
870
875
895
873
N.A.
N.A.

20*.2
202.9
207.2
207.5
207.1
213.5

212.9
21*.0
215.8
215.3
21*.9
211.2
21 .1
22 0
225.8
227.2
229.6
230.6
232.*
*
221.9
*.
225.*

233.2
232.9
229.9
230.4
228.7
2**. 5
*
*
*
*
N.A.
N.A.

2 3.2
2 3.6
2 6.2
2 2.1

Farm Cash
Receipts
Million
of Dollars **
4,792
6,489
7,143
7,735
8,517
9,203
9,932

760
2,202

1,472

2,943
3,687
4,463
5,229
5,993
6,772
7,560
8,352
9,203

796
1,575

2,366

3,172
3,963
4,809
5,636
6,459
7,298
8,151

9,008

9,932

856
1,659
2,523
3,393
4,268
5,163

6,036
N.A.
N.A.

Millions
/
of Dollars *
559
687
725
*
827

82
888
922
109
153
196
237
279
32*
373
*23

*81
566
685
888
109
158
205
2*9

289
333
387

**2
50*
590
735

922

199
**
188
230
269
31*
362
*17
N.A.

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

KENTUCKY

TOTAL PAYROLL EMPLOYMENT

1957-59-100
170

1957-59-100

160

PERCENTAGE CHANGE
SEASONALLY ADJUSTED I NDEX

150

YEAR ENDI NG

140

SEPTEMBER 1971

130

KENTUCKY

U.S.

2. 1

♦0.4

120

TOTAL PAYROLL EMPLOYMENT

110
100

NONMANUFACTURING

♦3 . 6

♦

MANUFACTURING

-1 .9

-3 .5

TOTAL EMPLOYMENT

-0 .3

♦ 1.3

PERSONAL

♦5 .4

♦6.7

TOTAL NONMANUFACTURIN6

INCOME *

+

2. 0

PERSONAL

I NCOME

SEASONALLY ADJUSTED

170
160
150
140
130
120

TOTAL MANUFACTURING
240

240

220

220

200

200

180

180

160

160

140

140

120

120

100

100
80

80
60

1

n i l i.l.i i i.i.

1 96 9

111111 111 u

KENTUCKY



1970

.

U.S.

I I L l-l I i_i
19 7 1

1i

i

60
PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

M ississip p i
MANPOWER UTILIZATION____________________________________________

Annual
Averages

Total
Employment
Seasonally
Thousands
Adjusted
Index
of Persons

960
1965
1966
1967
1968
1969

1970

Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1971
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

770
775

781

791
784

786
793
793
789

114.4
114.5
114.6
114.6
114.8
115.1

115.0
115.4
115.6

788

115.5
115.3
115.3

776
777
778

115.7
115.7

782
788
795
791

788

794
795
795
795

115.8
115.6
115-8
115.7
116.0
115.6
115.8
116.0
116.2
116.4

786
788

117.2
117.0

792
796

117.0
116.6
117.6

785

801
802
799
801




117.1
117.1

117.4
116.9

105.8
123.8

127.1

131.4
135.9

139.3
143.4
148.5

138.7
1 3.3

^
147.1

151.0

115.9

766
768

Nonmanufacturing
Employment
Seasonally
Thousands
Adjusted
ol‘ Persons
Index

105.8
136.0

103.0
108.4
111.1
111.1
112.5
115.0

I

1969

Total Payroll
Employment
Seasonally
Thousands
Adjusted
Index
of Persons

551
553
556
561
567
571
567
573

580

46.9

I
147.4
147.5
147.6
148.1
148.6
148.5
149.6

150.1
150.1
150.1

373
374
377
381
385

386
388
385

395
395

579
577
578

147.5

566
568

150.8
150.6

385
387

150.5
150.9

393
398
395
39*
395
401
402
400
402

567
573
577
576
575
578
584
584
584
585

576
575
578
583

586
584
586
587
590

150.9

150.1
150.6
150.8
151.3
151.6
151.9
152.0
153.5
153.0
153.0
153.2
153.0

152.2
153.4
153.3
152.9

394
386
389

395
394
396
399
401
398
399
399
406

141.6
142.0
142.1
142.0
142.5
143.1
143.3
1-+4.4
145.1
145.4
145-7
142.0

146.3
146.8
l*+ .4
I .Y
147.1
146.4
146.9
147.2
147.4
147.8
147.8
147-9

6
46

149-9
149-5
149.0
148.9
148.6
147.6
148.9
148.5

149.1

Manufacturing
Employment
Seasonally
Adjusted
Index
105.9
134.8
146.9
147.6
154.5

160.8

160.3
159.2

160.1
160.3
160.6
161.3
161.7
160.5

161.8
161.8
161.3
160.6
160.5

161.6
160.5
160.5
159.5
159.7
159-0
159.4
159.4
I O

0 .3
160.5

161.5
161.9

162.0
161.5
162.7

163.2
163.6
I63.I
164.1
164.5

162.0

_____________________________ INCOME

Unemployment
Rate
Seasonally
Adjusted

Millions
of Dollars
Monthly Rate

114.7
161.5
180.9
193.9
212.3

6.7
4.6
4.2
4.8
4.5
4.2
4.8

3.7

4.1
4.1
4.2
4.1
4.2
4.2
4.5
4.2
4.2
4.4
4.1

3.9
4.5

4.8
5.0
4.9
4.8
4.9
5.0
4.3
5.1
*•9
5.0

4.3
5.3
5.3
5.1
5.1
5.2
5.2
5.0
4.9

Personal
Income
Seasonally
Adjusted
Index

228.1
243.0

420
410
415
418
425

+26

428
433
443
475
483
459

447

222.9
224.7

225.6
228.2
229.1
227.3

231.6

232.4
231.5

227.2
224.2
232.8

454
454
468
500
521
500

237.4
237.0
239.5
245.6
243.4
243.9
245.3
2-3.3
244.9
239.6
242.5
253.5

486
466
481
479
483

258.2
254.8
261.1
261.4
260.0

495
N.A.
N.A.

269.9
267.3
N.A.
N.A.

433
441

450
452
457

506

Farm Cash
Receipts
Millions
of Dollars &

2,632
3,712
4,153
4,454
4,877
5,235
5,577

420
830
1,245
1,663

2,088
2,514
2,9*2
3,375
3,818
4,293
4,776
5,235

447
880
1,321
1,771
2,223

2,680
3,134
3,588

4,056
4,556
5,077
5,577

♦86
952
1,^33
1,912
2,395
2,901
3,396
N.A.
N.A.

Millions
of Dollars
592
819
751
767
824
855

912

99
152
205
249

296
348
395

439
496
633
769
855

86
186
239
290

133

346
402
450
518
667

825
912
98

152
206
256
307
366
414
463
N.A.

/

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

MISSISSIPPI

TOTAL PAYROLL EMPLOYMENT

1957-59-100
170

1957-59-100
170

PERCENTAGE CHANGE

160

160

150

150

YEAR ENDI NG

140

140

SEPTEMBER 1971

130

130

120

120

110
100

SEASONALLY ADJUSTED

M ISSISSIPPI
TOTAL

1 10
x-tLi-i I i.iL

I ll I i L L l

I960

1970

1971

100

I NDEX

TOTAL

PAYROLL EMPLOYMENT

U.S.

*1 . 1

*0 .4

NONMANUFACTURING

*1 .2

*2 .0

MANUFACTURING

*1.1

-3 .5

*0 .9

*1.3

EMPLOYMENT

PERSONAL

I NCOME

TOTAL NONMANUFACTURING
170
160
150
140
130
120

TOTAL MANUFACTURING
240

240

220

220

200

200

180

180

160

160

140

140

120
100

120

80

80

60

100

iiliil.il

1 96 9

1 111

. .L.- - —

MISSISSIPPI



1970

11-1-1.
U.S.

Ii ll

1..L.J 1

1971

60
PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS

Missouri
MANPOWER UTILIZATION____________________________________________

Annual
Averages

Total
Employment
Seasonally
Thousands
Adjusted
of Persons
Index

960
1965
1966
1967
1968
1969

101.0

I

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1971
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

1,911
1,907

1,948
1,994
1,990
2,019
2,044

2,021
2,057

2,050
1,998
1,981

112.8
112.5
112.5
113.9

112.2

111.4
112.9

112.6
113.5
113.5

113.6
113.3

1,928

113.8

1,92*
1,955

113.*
112.9
.4
112.3

1,966
1,992
2,015

2,028
2,001
2,017
2,008

1,965
1,952

1,907
1,890
1,917
1,958

1,962
1,991
1,986
1,952
1,987




112
111.2
112.0
111.6
111.3
111.2
111.7
111.6
112.5
111.4
110.7

111.9

110.7
109.9
109.7
108.9
109.7

102.6
113.4
118.5

120.6

111.1
112.9
112.1

1969

Nonmanufacturlng
Employment
Seasonally
Adjusted
Thousands
Index
of Persons

102.3
111.7
117.4

104.0
107.5
109.7

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

Total Payroll
Employment
Seasonally
Adjusted
Thousands
Index
of Persons

123.3
126.4
125.5

1,636
1,619

1,611
1,661
1,659
1,671

1,666
1,683
1,690
1,690
1,691
1,671

1,651
1,615
1,659
1,655

1,650
1,667
1,657
1,617

1,656
1,652
1,618
1,662
1,620
1,612
1,612
1,631
1,630
1,633
1,630
1,607
1,627

126.0
125.6
126.4
125.8
126.0
126.0
127.2
126.9
127.2
127.1
127.0
125.1

127.1

127.0
127.0
125.7
125.1

125.6
125.4
125.2

124.9
124.3
123.9
124.7

124.8
124.4
123.4
124.1

123.6
123.0
122.6
122.2
122.7

1,173

117.2

128.4
128.4

117.2
119.5
119.8
117.3
118.9
120.1

128.2

1,203
1,209

129.1
129.3

1,198
1,204
1,217
1,224
1,225
1,230

1,194
1,198

1,206
1,209
1,208
1,218
1,209
1,201
1,210
1,222
1,223
1,228
1,193
1,190
1,195

1,212
1,209
1,210
1,211
1,189
1,205

101.4
107.6
114.9

122.0
125.2
129.3
130.1
1,172
1,180
1,210

Manufacturing
Employment
Seasonally
Adjusted
Index

129.0
128.5
129*8
129.9
130.2

118.5
119.3
114.6

120.3

120.9
119.7
119.8
119.3

130.3
130.4

118.8

130.7

118.5
117.1
117.5

131.2
131.0
129.7
129.1

129.8
129.8
129.6
129.2
130.0
130.2
130.3

130.6
130.2
129.9
130.1
129.2
128.9
129.0
128.4
128.6

116.2
115.5
115.4
114.8
114.6
114.7

110.6
109.0
111.1
110.9
110.7

107.8
109.8
109.9
106.8
107.3
107.2
108.4

____________________________ INCOME

Unemployment
Rate
Seasonally
Adjusted

Millions
of Dollars
Monthly Rate

4.8
3.7
3.3
3.4
3.3
3.3
4.6

2.9
3.0
3.1
3.2
3.2
3.5
3.3
3.3
3.4
3.3
3.3
3.5

Personal
Income
Seasonally
Adjusted
Index
104.6
136.7
147.0
157.5
172.1
183.9
194.4

1,288
1,280
1,301
1,297
1,314
1,350
1,354
1,344
1,371
1,396
1,399
1,392

3.8
3.7
4.1
5.1
5.6
4.4
4.1
4.4
4.9
5.0
5.2
5.3

1,406
1,459
1,451
1,396
1,448
1,459
1,437
1,457

5.1
5.7
5.7
5.2
5.5
4.7
5.3
5.6
5.9

1,459
1,451
1,468
1,474
1,489
1,547
1,532
N.A.
N.A.

1,365
1,369
1,395

1,360

178.7
179.2
180.9

182.0
182.0

181.7
185.1
189.3
185.9

Farm Cash
Receipts
Millions
of Dollars
9,1*9
11,9&L

12,856
13,777
15,061*

16,066
17,002

1,288
2,568
3,869
5,166
6,1*80
7,830
9,181*
10,528

3

/
*'

Millions
of Dollai

1,110
1,257
1,335

1,316
1,^09
1,508
1,560
118
209
311
400
^93
584
719

832

185.2
188.0
I89.O

11,899
13,295
*, *

975
1,197
1,384

189.3

1,365
2,73*

137
241
354
460
558
669

191.6

193.9
190.9
194.4

196.6
198.2
196.8
196.2
194.0
193.2
197.8

202.4

203.2
204.1
207.0
206.0
208.3
209.2
N.A.
N.A.

11 691
16,066

*,129
5,1*89
6,895
8,35*
9,805
11,201

12,61*9
1*,108
15,5*5

17,002
1,*59

2,910

*,378
5,852
7,3*1

8,888
10,*20
N.A.
N.A.

1,508

782

905
1,046
1,277
1,^51

1,560
133
240
350
450
545
656
778
903
N .A.

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

MISSOURI

TOTAL PAYROLL EMPLOYMENT

1057-50-100
1 70

1057-50-100

1 60

PERCENTAGE CHANGE
SEASONALLY ADJUSTED

I NDEX

150

YEAR ENDI NG

140

SEPTEMBER 1071
MI SSOU R I

U.S.

1.8

+0.4

NONMANUFACTURING

-0.5

+ 2.0

MANUFACTURING

-5.5

-5.5

-1.4

+ 1.5

150
120
110
100

TOTAL PAYROLL EMPLOYMENT

TOTAL EMPLOYMENT

-

PERSONAL

I NCOME

TOTAL NONMANUFACTURING
170

500

160

200

150

280

140

270

150

260

120

250
240

TOTAL MANUFACTURING
240

240

250

220

220

220

200

200

210

180

180

200

160

160

100

140

140

1 80

120

170

TOO

120
100

1 60

60

80

150

60

1 40

60

■1 L I 1- ,-L.ll-L I I I 1 I 1I I Li -L I I Li. L.1.1 ±

1070

1 06 0
MISSOURI




.

U .S .

1071

L

PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

Tennessee
MANPOWER UTILIZATION__________________________________________

Annual
Averages

Total
Employment
Seasonally
Thousands;
Adjusted
oT Persons
Index

960
1965
1966
1967
1968
1969
I

1969

1970
Jan.
Feb •
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1971
Jan.
Eeu.
Mar.
Apr.
May
June
July
Aug*

Sept.

1,626

1,637
1 ,6 U 5

l,66l
1,646
1,619
1,570
1,571
1,539

1,608

1,630
1,6 4 7

1,631
1,636

1,656
1,681
1,671
1,643

1,620
1,626
1,6146
1,656
1,679
1,663
1,663
1,681

1,614




122.7
122.9
122.7

122.8
122.8
121.5
122.8
122.8
123.3
122.6
122.1
123.2
124.8
124.1
124.1
123.9
123.7
123.4

123.2
122.8
12'+.2
124.2
123.9

125.0

128.7
127.5
126.9
126.4
125.7

125.8
125.6
124.8
126.1

136.0
138.7

139.5
143.5
148.7

120.0

1 5*3

104.6
123.5
130.5

125.7

122.7
123*9

,
1,554
1,569
1,593
1,613
1,624

Nonmanufacturing
Employment
Seasonally
Thousands
Adjusted
of Persons
Index

105.0
13*.7

100.7
112.1
116.5
117*9

1970

Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

Total Payroll
Employment
Seasonally
Thousands
Adjusted
oi‘ Persons
Index

144.1
147.8

150.8
1,272
1,273
1,284
1,293
1,311
1,321

1,320

1,327
1,323
1,325
1,323
1,329

1,299
1,303
1,311
1,323
1,325
1,332
1,325
1,329
1,341
1,344
1,3*8
1,354

1,345
1 ,3 4 0

1,339
1,347
1,353

1,362

1,356
1,358

1,366

147.2
148.0
147.9
148.4

149.2
149.2
149.1
148.9
I49.4
149.2
149.0
149.4

150.2
150.8
151.0
151.3
150.8
150.4
149.6
I49.2
150.9
151.4

812

814
819

832
849

840
846
848
851

854

854
859

832
836
345
855
363

869
860
862
871
877

151.8
152.2

880
886

155.6
155.2
154.1
154.0
153.9
153.8
153.1

879
379
879

152.6

153.7

887

893
897

892
894
900

142.8
143.3
143.1
143.7
1 4 4 .3

144.3
144.0
144.1
144.7
144.8
I
145.2

45.0

146.2
147.3
147.6
147.8
148.2
147.7
146.4
146.5
148.1
143.7
149.4

149.9

154.6
15**7
153.4
153.3
153.2
152.5
151.9

152.0

153.1

Manufacturing
Employment
Seasonally
Adjusted
Index

105.8
130.1
143.0
146.3

152.8
157.8
156.7
155.9
157.0
157.3
157.6
158.9

158.8

159.0
158.4

158.6
157.9
156.7
157.6

158.2
157.9
157.7
158.3
155.9
155.7
155.9
154.6

156.2

156.5
156.4
156.9
157.6
156.2
155.5
155.4
155.4

156.2

155.4
153.7
154.9

____________________________ INCOME

Unemployment
Sate
Seasonally
Adjusted

Millions
of Dollars
Monthly Rate

108.2

6.3
3.9
3.2
3.9
3.6
3.5
4.5
3.2
3.3
3.4
3.5
3.6
3.6
3.5
3.6
3.5
3.6
3.7
3.7

3.9
4.0
4.1
4.5
4.3
4 .4

4.4
4.7
4.7
5.0
4.8
4.8

4.5
5.1
5.1
4.7
4.8
4.9
4.5
4.7
4.5

Personal
Income
Seasonally
Adjusted
Index

902
901

909
915

926
930
935
950
971
983
963
946
955
958
974
974
989
991
995
1,003
1,042

1,032

1,014

1,025

1,022
1,048
1,055

1,068
1,116
1,106
N.A.
N.A.

Millions
of Dollars
5,494
7,749

152.7
169.7

8,611

220.5
234.0

9,315
10,253
11,190
11,873

183.6
202.0

905

Farm Cash
Receipts

215.6
215.6
216.5
216.8
217.7
218.7

220.8

221.9
223.3

22*+.6
226.-+
228.2
226.1
230.0
232.2
231.6
227.3

233.5
235.4

236.2
235.9
241.1
237.9
240.3

245.1
243.1

251.6

251.5
253.8
263.4
262.9
N.A.
N .A .

902
2,708

1,807

3,617
4,532
5,458

6,388
7,323
8,273
9,244
10,227
11,190
946
1,901
2,859
3,833
4,807
5,796
6,787
7,782
3,785
9,827
10,859
11,873

1,025
2,047
3,095
4,150

5,218

6,334
7,440
N.A.
N .A .

3/

Millions
of Dollars

501
601
607

603
6l4

667
707
46

86
123
161
201
244
288
335
386
472
576
667
55
99
143
183

221
262

309
349
399
484

611
707

81
123
165

206
244
288

307
348
N.A.

MANPOWER
UTILIZATION
SEASONALLY AOJOSTEO

T ENNESSEE

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
SEPTEMBER 1971

TOTAL

TOTAL NONMANUFACTURING

TENNESSEE

U .S .

PAYROLL EMPLOYMENT

+ 1 .9

+ 0 .4

NONMANUFACTURING

+ 3 .4

+ 2 .0

MANUFACTURING

-0 .8

-3 .5

TOTAL EMPLOYMENT

+ 1 .5

+ 1 .3

PERSONAL IN C O M E *

+ 1 1 .7

+ 6 .7

*

YEAR ENDING JULY

PERSONAL
-5 9 - 1 0 0

INCOME

SEASONALLY AOJOSTEO

1 9 5 7 -5 9 -1 0 0
300

TOTAL MANUFACTURING
240

240

220

220

200

200

180

180

160

160

140

140

120

120

100

100

80

80

60

111111II 111

1 i 1.1 1 Ll 1 l.i.L. 1 iJ 11-1 Lll 11

1969

TENNESSEE



1971

60

.I i » n

I I I I I I I 1 I I I I I I I I I 1 I I L I I I 1 i I I I I

1969

1970

1971

PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

CHECK PAYMENTS IN ELEVEN MFDIUM-SI7E C I T I F S
MIL LI ON S OF DOLLARS
SEPT

%

1971

seasonally

SEPT

1971

AUG

1/

adjusted

1971

i n d p *—

JULY

rr

pm

SEPT

1475“

96

281.6

281.8

281.6

233.0

22

238.6

248.8

?56 •0

l $2 • 6

TEXARKANA SMSA, ARK.

131

286.3

280.4

284.5

2 57.0

QUINCY,

120

261.7

268.1

255.8

239.4

124

249.6

241.2

23 9.7

£14. 9

93

282.3

283.5

280.2

250.0

72

254.2

253.5

257.2

209.4

66

311.3

308.1

308.6

269.1

22

191.6

192.0

196.1

181.7

FL DORADO, ARK.
HELENA, ARK.

ILL.

OWENSBORO, KY.
PADUCAH, KY.
GREENVILLE,

MISS.

CAPE GIRARDEAU,
HANNIBAL,

MO.

MO.

SEDA LIA,

MO.

52

284.2

285.7

287 .0

282.6

JACKSON,

TENN.

86

308.8

313.6

321.9

267.0

1/ DF RI T S TO DEMAND DEPOSIT ACCOUNTS*

EXCEPT INTERBANK AND U . S . GOVERNMENT ACCOUNTS,

2/ THREE-MONTH MOVING AVERAGES (EXCEPT LATEST MONTH,

RELEASED




OCTOBER 1971

WHICH I S A TWO-MONTH AVERAGE i .

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

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