View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

SELECTED ECONOMIC INDICATORS
CENTRAL MISSISSIPPI VALLEY
2ND QUARTER 1973
STATE ACTIVITY

summary discussion

page 3

METROPOLITAN AREA ACTIVITY

page

page

page

SUMMARY

4

SUMMARY

16 EVANSVILLE

ARKANSAS

6

ST. LOUIS

18 SPRINGFIELD, M O

KENTUCKY

8

LOUISVILLE

20 FORT SMITH

30

MISSISSIPPI

10

MEMPHIS

22 PINE BLUFF

32

MISSOURI

12

LITTLE ROCK

24

TENNESSEE

14




26
28

CHECK PAYMENTS 10 OTHER CITIES
page 34

Prepared by Federal Reserve Bank of St. Louis
Released: August

1973

THE DATA

Selected economic data are provided
for five stated and eight Standard Metropolitan
Statistical Areas which are entirely or parti­
ally within the Eighth Federal Reserve District.
Also Included are check payment series for ten
other Eighth District cities.

the 15th of the current month, and the last
Wednesday of the current month. Data are
collected by this Bank and the Board of Gov­
ernors of the Federal Reserve System.
Check payments are debits to de­
mand deposit accounts, except interbank and
U.S. Government accounts. The data are based
on a sample of commercial banks in each area
adjusted to reflect total debits of all banks
in the area and the number of trading days in
the month. Data are collected by this Bank
and the Board of Governors of the Federal
Reserve System.

Data are presented in both unadjusted
and seasonally adjusted index form. Index num­
bers are on a 1967=100 base. The latest data in
most series are preliminary and are revised as
the final figures are received.
Manpower Utilization

Income

Basic employment data are from the re­
spective State Employment Security Office and
the United States Department of Labor.

State personal income figures are
annual rates of monthly figures published by
Business Week. United States data are from
the Department of Commerce.

Banking Activity
Total loan and total deposit data are
for Federal Reserve member banks only and are
averages of data for the last Wednesday of the
preceding month, the Wednesday on or preceding




Farm cash receipts are annual rates
of monthly figures published by the United
States Department of Agriculture.

2

SUMMARY OF CENTRAL MISSISSIPPI VALLEY ECONOMIC ACTIVITY

PAYROLL EMPLOYMENT
(Annual Rates of Change)

The rate of economic expansion in the Central
Mississippi Valley (CMV) slowed during the second
quarter of this year, and the slowing was more
pronounced in the CMV than in the nation.
Real output in the nation increased at a
2.6 percent annual rate in the second quarter of
.973, compared to an 8.6 percent rate of increase
*n the first quarter and a 7 percent increase
in the previous year. Employment reflected the
slowdown in the growth of real output. Payroll
employment rose at a 3.6 percent annual rate in
the second quarter of this year, compared to a
4.7 percent rate of increase in the first quarter
and a 3.8 percent increase in the previous year.
In the CMV states, payroll employment
increased at only a 0.7 percent annual rate in the
second quarter of this year, down from a 6.4
percent rate of increase in the first quarter
and a 5 percent increase in the previous year.
The rate of growth in payroll employment was
lower in the second quarter of this year than in
'-.he first quarter in all states and metropolitan
ireas in the CMV, and the decline in this growth
rate was sharper in most areas of the CMV than
in the nation.




3

Area

1/7311/73

IV/721/73

IV/71IV/7 2

U.S.

3.6%

4.7%

3.8%

State Summary

0.7

6.4

5.0

Arkansas
Kentucky
Mississippi
Missouri
Tennessee

3.7
-2.2
0.0
2.3
-1.0

9.7
10.7
5.1
4.6
6.7

6.0
7.1
5.4
1.3
7.4

Evansville
Fort Smith
Little Rock
Louisville
Memphis
Pine Bluff
Springfield
St. Louis

-1.5
0.0
0.3
8.1
3.6
-2.5
2.5
-2.4

8.9
8.5
4.8
10.6
5.0
8.1
14.5
4.1

1.9
3.2
4.1
3.5
5.5
2.0
2.7
-1.6

CENTRAL M I S S I S S I P P I

VALLEY STATE SUMMARY

11

1972
1 11

IV

1

11

APR

1973
MAY

JUN

110.0
109.5

110.3
110.3

111.4
111.0

113.3
111.9

112.9
113.2

112.5
112.8

112.7
113.0

113.7
113.8

113.6
110.1

114.4
110.9

115.7
112.1

117.6
113.3

117.8
114.3

117.6
114.1

117.8
114.3

117.9
114.6

115.6
115.5

116.4
116.4

117.4
117.5

119.4
118.6

119.4
119.7

119.4
119.4

119.4
119.6

119.5
120.0

109.1
97.0

109.7
97.7

111.9
99.3

113.4
100.6

114.1
101.7

113.5
101.3

114.3
101.8

114.4
101.8

4.4
5.7

4.3
5.6

4.2
5.3

3.7
5.0

3.9
4.9

3.8
5.0

3.9
5.0

3.9
4.6

146.6
147.2

152.7
149.9

160.4
155. 1

165.2
158.4

N. A.
161.9

167.7
160.7

N. A.
161.9

N. A.
163.2

134.4
130.4

144.6
138.0

154.8
145.8

170. 1
165.3

N. A.
N. A.

171.2
158.3

164.5
194.3

N. A.
N. A.

1973

MANPOWER UTI LI ZATI ON
TOTAL EMPLOYMENT INDEX
C.M.V. STATES
UNITED STATES
PAYROLL EMPLOYMENT INDEX
C.M.V. STATES
UNITED STATES
NONMANUFACTURING EMPLOYMENT INDEX
C.M.V, STATES
UNITED STATES
MANUFACTURING EMPLOYMENT INDEX
C.M.V. STATES
UNITED STATES
UNEMPLOYMENT RATE
C.M.V. STATES
UNITED STATES

INCOME
PERSONAL
C.M.V.
UNITED
FARM CASH
C.M.V.
UNITED

N.A.
ALL

INCOME INDEX
STATES
STATES
R E C E IP T S INDEX
STATES
STATES

- NOT AVAILABLE
INDEXES:




1967-100

4

1967-100

PAYROLL EMPLOYMENT

1967-100
130

PERCENTAGE CHANCE
SEASONALLY ADJUSTED INDEX
YEAN ENOINC
JUNE 1973

125

120
115

110
TOTAL PAYROLL EMPLOYMENT
NONMANUFACTURING
MANUFACTURING
TOTAL EMPLOYMENT
PERSONAL INCOME *
* YEAR ENDING APRIL

105

100
95

NONMANUFACTURING EMPLOYMENT
135

M S *
♦5.6
♦5.2
♦4.6
♦5.5
♦ 12.9

11.6.
♦5.6
♦5.6
♦4.6
♦5.6
♦9.6

130
125

1967-100

TOTAL EMPLOYMENT

C.M.V. STATES



U.S.

1967-100

PERSONAL

INCOME

120

1997- 100
165

115

ISO

110

175

105

170

100

165

MANUFACTURING EMPLOYMENT

1967-100

160
120

155

115

150

110

145

105

140

100

135

95

130

90

125

65

120
ALL OATA ARE SEASONALLY ADJUSTED

5

PREPARED SY FEDERAL RESERVE SANK OF ST. LOUIS

ARKANSAS
11

1972
11 1

IV

1

1973
11

APR

1973
MAY

JUN

763.0
114.4

773.5
114.6

761.1
115.9

753.6
118.7

792.6
118.8

775.3
118.3

793. 1
116.6

809.4
119.5

564.9
117.0

600.0
118.7

594.9
119.3

596.4
122.2

616.1
123.2

606.4
122.6

613.3
123.0

626.7
123.9

401.3
115.6

412.7
117.7

406.4
117.2

405.7
119.7

416.0
120.4

412.9
119.9

415.9
120.3

425.3
121.2

183.6
120.2

187.3
121.0

166.6
124. 1

190.7
127.7

198. 1
129.6

195.5
129.4

197.4
129.3

201.4
130.2

38.5
4.7

34.7
4.6

33.7
4.6

35.6
4.0

36.4
4.3

33. 1
4. 1

34. 1
4.3

41.9
4.3

6,172
153.3

6,536
158.9

7,436
166.2

6,852
172.4

N. A.
N. A.

7,056
177.0

N. A.
N. A.

N. A.
N. A.

710
140.7

998
159.7

3,095
162.9

928
161.1

N. A.
N. A.

930
213.0

1,032
241.7

N. A.
N. A.

MANPOWER UTI LI ZATI ON
TOTAL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

INCOME
PERSONAL INCOME
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
FARM CASH R E C E IP T S
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

N. A.
ALL

- NOT AVAILABLE
INDEXES:




1967-100

6

ARKANSAS
PAYROLL EMPLOYMENT
PERCEMTAOE CHANCE
SEASONALLY AOJUSTEO INOEX
YEAR ENO INS
JUNE 1975

TOTAL PAYROLL EMPLOYMENT
NONMANUFACTURINC
MANUFACTURINC
TOTAL EMPLOYMENT
PERSONAL INCOME *
X YEAR ENDING APRIL

NONMANUFACTURING EMPLOYMENT
155

ARKANSAS U.S.
♦5.0
♦5.6
♦5.9
♦5.6
♦7.4
♦4.6
♦4.1
♦5.6
♦ 15.6
♦9.6

150
175

1967-100

TOTAL EMPLOYMENT

INCOME

1967 -10 0
165

115

120

ISO

110

115

175

105

110

170

100

105

165

100

160
155

160
150

PERCENT

UNEMPLOYMENT RATE

PERCENT

150

10

145

150

6

140

120

6

155

110

4

150

100

2

125

0

120

140

90




PERSONAL

120

MANUFACTURING EMPLOYMENT

ARKANSAS

1967 -100

1967-100
125

10

J.l.1 1XI I I I I I
1971

11.1.1.1 1 1.1 i i A

1972

1975

ALL DATA ARE SEASONALLY ADJUSTED

7

PREPAREO SY FEDERAL RESERVE SANK OF ST. LOUIS

KENTUCKY
11

1972
111

1973
IV

1

11

APR

1973
MAY

JUN

MANPOWER UTILIZATION
TOTAL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

1259.1
114.5

1281.9
115.0

1274.4
116.1

1247.5 1305.2
119.5
118.7

1270.9
1 18.3

1293.0
117.2

1351.7
120.5

987.2
117.4

999.2
119.0

1015.0
120.7

1014.4 1035.4
123.9
123.2

1026.7 1038.0
123. 1 123.2

1041.5
123.2

722.5
118.4

732.6
120.5

741.0
121.7

737.2
124.8

753.9
123.6

748. 1
123.6

756.4
123.6

757.2
123.6

264.7
114.8

266.6
115.2

274.1
118.2

277.2
121.4

281.5
122.0

278.6
121.8

281.6
122.1

284.3
122.1

62.0
4.5

56.7
4.5

55.2
4.5

59.5
4. 1

60.2
4.3

53.3
4.1

53.2
4.2

74.2
4.5

11,548
151.2

11,988
155.6

13,028
162.7

13,016
171.5

N. A.
N. A.

13,224
174.6

N. A.
N. A.

N. A.
N. A.

582
139.0

804
148.6

2,101
160. 1

1,139
172.0

N. A.
N. A.

712
165.6

715
176. 1

N. A.
N. A.

INCOME
PERSONAL INCOME
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
FARM CASH R E C E IP T S
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

N.A.
ALL

- NOT AVAILABLE
INDEXES:




1967-100

8

KENTUCKY
PAYROLL EMPLOYMENT
PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
JUNE 1973
KENTUCKY

U .S.

+ 4.3

+ 3.6

NONMANUFACTUR1N6

+ 3.6

+3.6

MANUFACTURES

+6.3

+ 4.6

+ 5.0

+3.6

+ 15.6

+9.6

TOTAL PAYROLL EMPLOYMENT

TOTAL EMPLOYMENT

NONMANUFACTURING EMPLOYMENT

PERSONAL INCOME X
*

140

YEAR ENDING APRIL

135
130

1967-100

PERSONAL

INCOME

125

125

1967- •100
165

120

120

160

115

115

175

110

110

170

105

105

165

100

160

MANUFACTURING EMPLOYMENT

155
PERCENT

UNEMPLOYMENT RATE

percent

150
145
140
135
130
125
120

KENTUCKY



U.S

ALL DATA ARE SEASONALLY ADJUSTED

9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MISSISSIPPI
11

1972
111

IV

1

11

APR

1973
MAY

JUN

827.3
109.3

834.4
110.0

843.0
110.9

835.2
111.8

844.4
111.5

840.4
111.6

846. 1
112.0

846.6
111.0

628.2
118.0

634.8
118.8

643.7
120.1

638.3
121.6

647.5
121.6

646.0
121.7

649.7
121.8

646.7
121.3

424.3
116.0

427.2
116.7

434.5
117.9

429.4
119.4

437.2
119.6

437.3
119.8

440. 1
119.9

434.3
119.0

203.8
122.1

207.7
123.4

209.3
124.7

208.9
126.3

210.3
126.0

206.8
125.9

209.5
125.9

212.5
126.3

40.5
4.2

35.5
4.1

32.4
4.2

34.0
3.8

40.5
4.2

35.9
4.2

37.8
4.2

47.7
4. 1

6,600
152.4

6,824
156.0

7,796
163.7

7,372
170.1

N.A.
N.A.

7,356
170.9

N.A.
N.A.

N.A.
N.A.

660
128.0

770
138.9

2,129
155.2

1,180
166.6

N.A.
N.A.

814
169.0

502
99.0

N.A.
N.A.

1973

MANPOWER UTI LI ZATI ON
TOTAL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

INCOME
PERSONAL INCOME
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
FARM CASH R E C E IP T S
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

N.A.
ALL

- NOT AVAILABLE
INDEXES:




1967-100

10

MISSISSIPPI
PAYROLL EMPLOYMENT
PERCENTA6E CHANCE
SEASONALLY ADJUSTED INDEX
YEAR END 1NO
JUNE 1075
'1

M INI
♦ 2.7

TOTAL PAYROLL EMPLOYMENT
NONMANUFACTUR1NO

♦ 2.4

♦ 3 .6

♦ 5.1

♦ 4 .6

PERSONAL INCOME K
*

135

♦ 3 .6

MANUFACTURINO
TOTAL EMPLOYMENT

NONMANUFACTURING EMPLOYMENT

U .S .

♦ 1.5

♦ 5 .6

♦ 11.7

♦ 6 .6

YEAR END INC A PR IL

130
125

1967-100

TOTAL EMPLOYMENT




U.S

INCOME

1967 -10 0
165

120
115

120

160

110

115

175

105

110

170

100

105

165

100

160

MANUFACTURING EMPLOYMENT

MISSISSIPPI

PERSONAL

1967-100
125

1967-100

160

155

150

150

140

145

130

140

120

155

110

130

100

125

90

120
ALL DATA ARE SEASONALLY ADJUSTED

PREPARED SY FEDERAL RESERVE DANK OF ST, LOUIS

MISSOURI
11

1972
111

1973
IV

1

11

APR

1973
MAY

JUN

MANPOWER UTI LI ZATI ON
TOTAL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

2011.0 2013.6 2000.2 1955.4 2037.9
103. 1 101.8
102.9
104.5
104.2

1992.6 2040.6 2060.6
105. 1
103.7
104.7

1661.4
105.5

1668.6
104.7

1695.5 1677.5 1714.1
105.9
107.7
107.0

1704.3
107.2

1713.7
107.8

1724.3
108.0

1246.5
109.4

1233.6
108.5

1254.1
109.5

1259.8
110.6

1267.0
111.2

1272.5
111.0

432.9
95.7

434.8
95.0

441.5
96.6

441.7
96.3

449.7
99.4

444.5
98.6

446.7
99. 2

457.8
100.3

111.3
5.0

104.3
5.0

69. 1
5.0

91.9
4.0

95.4
4.3

66.3
4. 1

91.2
4.5

106.6
4.2

19,912 21,226 21,312
152.3
156.3
144.9

N. A.
N. A.

21,360
156.9

N. A.
N. A.

N. A.
N. A.

N. A.
N. A.

1,700
162.5

1,216
127.1

N. A.
N. A.

1235.6 1266.4
110.5
110.9

INCOME
PERSONAL INCOME
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
FARM CASH R E C E IP T S
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

N.A.

19,528
141.6
1,406
131.8

1,738
134.4

- NOT AVAILABLE

ALL INDEXES:




1967-100

12

3, 115
156.9

2,093
173.5

MISSOURI
PAYROLL EMPLOYMENT
PERCENTAGE CHANCE
SEASONALLY ADJUSTED INDEX
YEAR END INC
JUNE 1073
MISSOURI
TOTAL PAYROLL EMPLOYMENT
NONMANUFACTURINO

+2.0

♦ 3 .6

+ 1.9

* 3 .6

+4.8

*4 .6

TOTAL EMPLOYMENT

♦ 2 .7

♦ 3 .6

PERSONAL INCOME K

+ 10.5

♦ 9 .6

MANUFACTURING

NONMANUFACTURING EMPLOYMENT

*

1007-100

TOTAL EMPLOYMENT

1907-100

U .S.

YEAR ENDING APRIL

1907-100

PERSONAL

INCOME

1967 •100
ID S
ISO

175
170

105

MANUFACTURING EMPLOYMENT

ICO
155
150
145
140
155
150
125

120

MISSOURI



u.s

ALL DATA ARC SEASONALLY ADJUSTED

13

PREPARED SY FEDERAL RESERVE SANK OF ST. LOUIS

TENNESSEE
11

1972
11 1

1973
IV

1

11

APR

1973
MAY

JUN

MANPOWER UTI LI ZATI ON
TOTAL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

1761.7
114.1

1799.5
115.7

1827.2
117.0

1773.8 1818.6
118.6
117.8

1789.5
117.3

1814.3
117.5

1652.0
116.4

1444.9 1470.6
11 S .3 119.9

1493.9
121.7

1484.6 1507.9
123.8
123.4

1496.8
123.4

1506.9
123.4

1516.1
123.6

960.4
122.1

975.4
123.8

991.5
125.5

966.9
128.5

1006.7
128.0

1000.8
126.2

1005.2
127.7

1014.0
126.0

484.5
111.5

495.2
112.8

502.3
115.0

497.7
115.2

501.3
115.3

496.0
114.8

501.7
115.7

504. 1
115.5

70.5
3.6

62.2
3.4

54.5
3.2

56.7
3.0

59.4
2.9

54.7
3.0

53.4
2.9

70.2
3.0

14,240 14,736 15,564 15,440
153.3
158.7
165. 1 166.7

N. A.
N.A.

16,008
171.6

N.A.
N.A.

N.A.
N.A.

N. A.
N.A.

568
152.6

984
248.8

N.A.
N.A.

INCOME
PERSONAL INCOME
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
FARM CASH R E C E IP T S
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

N.A.
ALL

565
138.3

726
152. 1

- NOT AVAILABLE
INDEXES:




1967-100

14

1,613
154.2

716
155.3

TENNESSEE
PAYROLL EMPLOYMENT
PERCENTASE CHANOE
SEAOONALLY ADJUSTED INDEX
YEAR ENDIND
JUNE 1075

TOTAL PAYROLL EMPLOYMENT

NONMANUFACTURING EMPLOYMENT

U .S.

♦ 4.1

♦ 3 .S

NONMANUFACTUft 1NO

+ 4 .S

♦ 3 .6

MANUFACTURING

♦ 3.1

♦ 4 .S

TOTAL EMPLOYMENT

♦ 3 .4

♦ 5 .6

PERSONAL INCOME *

♦ 15.2

♦ 0 .6

*

135

TENNESSEE

YEAR ENDIND A P R IL

130

125
120
IIS

no
105
100

MANUFACTURING EMPLOYMENT

TENNESSEE



U.S.

ALL DATA ARE SEASONALLY ADJUSTED

15

PREPARED SY FEDERAL RESERVE DANK OF ST. LOUIS

EI GHT CENTRAL M I S S I S S I P P I VALLEY
METROPOLI TAN AREAS
11

1972
1 11

IV

1

11

APR

1973
MAY

JUN

108.1
110.1

107.3
110.9

108.5
112.1

110.0
113.3

110.3
114.3

110.4
114.1

110.4
114.3

110.2
114.6

114.0
115.5

113.2
116.4

114.0
117.5

115.5
118.6

115.6
119.7

115.8
119.4

115.7
119.6

115.3
120.0

95.4
97.0

94.5
97.7

96.7
99.3

98.2
100.6

98.8
101.7

96.6
101.3

98.8
101.8

99.1
101.8

4.9
5.7

4.8
5.6

4.7
5.3

3.8
5.0

4. 1
4.9

3.9
5.0

4.2
5.0

4.2
4.6

97

96

96

95

95

95

95

95

150.6
154.4

155.0
159.9

164.9
167.5

174.0
179.0

180.3
188.7

180.2
185.7

179.7
188.7

180.9
191.6

159.0
144.5

140.5
147.8

142.3
152.1

143.6
156.3

146.0
161.4

145.0
159.6

145.6
161.4

147.5
163.2

191.7
197.1

198. 1
203.8

202.7
215.2

210.7
234.1

216.7
246.0

216.6
243.4

216.5
246. 1

217. 1
248.4

1973

MANPOWER UTI LI ZATI ON
PAYROLL EMPLOYMENT INDEX
C.M.V. AREAS
UNITED STATES
NONMANUFACTURING EMPLOYMENT INDEX
C.M.V. AREAS
UNITED STATES
MANUFACTURING EMPLOYMENT INDEX
C.M.V. AREAS
UNITED STATES
UNEMPLOYMENT RATE
C.M.V. AREAS
UNITED STATES

BANKING ACTI VI TY
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS INDEX
C.M.V. AREAS
UNITED STATES
MEMBER BANK D E P O S IT S INDEX
C.M.V. AREAS
UNITED STATES
CHECK PAYMENTS INDEX *
C.M.V. AREAS
UNITED STATES

* BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N.A.
ALL

- NOT AVAILABLE
INDEXES:




1967-100

16

EIGHT CENTRAL M I o o l S S I P P I VALLEY
METROPOLITAN AREAS

PAYROLL EMPLOYMENT

TOTAL BANK LOANS
1967-100

1967-100

1967-100

1967-100
240
230

PERCENTAGE CHANGE

220

SEASONALLY ADJUSTED INDEX

210

YEAR ENDING

200

JUNE 1973
SUMMARY

190
160

TOTAL PAYROLL EMPLOYMENT

170

TOTAL LOANS

160

TOTAL DEPOSITS
CHECK PAYMENTS

150

U .S.

♦ 2.2

♦ 3 .S

♦ 19.7

♦ 2 2.5

+4. S

♦ 12.4

♦ 13.4

♦ 25.4

140
130
1971

1972

1973

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE

120

CHECK PAYMENTS

1967-100

1967-100

PERCENT
10

6
6
4

2
0
C.M.V. AREAS



U.S.

1971

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

17

1971

1972

1973

PREPARED DY FEDERAL RESERVE SANK OF ST. LOU 11

ST.

L O U I S , M I S S O U R I - I L L I NO I S
METROPOLI TAN AREA

MANPOWER UTI LI ZATI ON
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKING ACTI VI TY
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK D E P O S IT S
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
BILLIO NS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

X BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N.A.
ALL

- NOT AVAILABLE
INDEXES:




1967-100

18

ST. LOUIS
MISSOURI - I LLI NO IS
METROPOLITAN AREA
TOTAL BANK LOANS

PAYROLL EMPLOYMENT

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
JUNE 1973
ST. LOUIS
TOTAL PAYROLL EMPLOYNENT
TOTAL LOANS

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE

U .S.

-0 .9

+ 3.6

+ 13.2

+22.5

TOTAL DEPOSITS

-1 .2

+ 12.4

CHECK PAYNENTS

+12.6

+*25.4

CHECK PAYMENTS

1967-100

1967-100
260
260

PERCENT
10

240

220
200
160
160
1971

ST. LOUIS



U.S.

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

19

1971

1972

1973

140

PREPARED 97 FEDERAL RESERVE SANK OF ST. LOUIS

LOUISVILLE, KENTUCKY-INDI ANA
METROPOLITAN AREA
MANPOWER UTILIZATION
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKING ACTIVITY
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK DEPOSITS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
BILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
* BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N.A.
ALL

- NOT AVAILABLE
INDEXES:




1967-100

20

LOUI SVI LLE
KENTUCKY-1 NO I ANA
METROPOLITAN AREA
PAYROLL EMPLOYMENT
1967 - 1 0 0
126

TOTAL BANK LOANS
1967

1967-100

1967-100
240

126

230

124

220

122

210

YEAR ENDING

120

200

JUNE 1973

/

116

j
112

110

V

^

'

U .S.

160

TOTAL PAYROLL EMPLOYNENT

170

TOTAL LOANS

♦ 21.5

♦ 22.5

160

TOTAL DEPOSITS

♦ 6 .2

♦ 12.4

CHECK PAYNENTS

♦ 16.7

♦ 25.4

150

s

106

L O U IS V IL L E

190

/

116

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX

♦ 7.7

♦ 3.6

140

106

130
■ ■ I . ■ 1 ■ ■ 1. ■ 1 111 1 111 111

104

1971

1979

1972

1971

1972

1973

120

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE

1971

LOUISVILLE




1973

1972

U.S.

PERCENT

1971

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

21

CHECK PAYMENTS

1967-100
190

1967-100
260

160

240

170

220

160

200

150

160

140

160

190

140

120

1971

1972

1973

120

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MEMPHIS, TENNESSEE-ARKANSAS
METROPOLITAN AREA
MANPOWER UTI LI ZATI ON
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKING ACTIVITY
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK D E P O S IT S
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
BILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

X BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N.A.

- NOT AVAILABLE

ALL INDEXES:




1967-100

22

MFMPHIS
TENNESSEE-ARKANSAS
METROPOLITAN AREA
PAYROLL EMPLOYMENT
1967-100

TOTAL BANK LOANS
1967-100

PERCENTAGE CHANCE
SEASONALLY ADJUSTED INDEX
YEAR END INC
JUNE 1973
MEMPHIS
TOTAL PAYROLL EMPLOYMENT

1971

1972

1973

1971

1972

UNEMPLOYMENT RATE

♦ 4.0

♦ 3 .6

TOTAL LOANS

•*•30.7

♦ 22.5

TOTAL OEPOSITS

♦ 12.4

♦ 12.4

CHECK PAYMENTS

♦ 11.5

♦ 25.4

1973

TOTAL BANK DEPOSITS

PERCENT

U .S.

CHECK PAYMENTS

1967-100

1967-100
260
260

PERCENT

240

220
200
160
160
1971

MEMPHIS




U.S.

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

23

1971

1972

1973

140

PREPARED 9Y FEDERAL RESERVE DANK OF ST. LOUIS

LITTLE ROCK, NORTH LITTLE ROCK, ARKANSAS
METROPOLITAN AREA
MANPOWER UTI LI ZATI ON
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKING ACTIVITY
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK DEPOSITS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
BILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
* BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N.A.
ALL

- NOT AVAILABLE
INDEXES:




1967-100

24

LITTLE ROCK
NORTH LITTLE ROCK, ARKANSAS
METROPOLITAN AREA
PAYROLL EMPLOYMENT

TOTAL BANK LOANS

PERCENTAGE CHANGE
SEASONALLY AOJUSTEO INDEX
YEAR ENDING
JUNE 1973
L IT T LE ROCK
TOTAL PAYROLL EMPLOYMENT

+2.6

+3.6

+25.6

+22.5

TOTAL DEPOSITS

+6.3

+ 12.4

CHECK PAYMENTS

+21.6

+25.4

TOTAL LOANS

1971

1972

1973

1971

1972

1973

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE

1971
LITTLE ROCK




1972

1973

U.S.

PERCENT

1971

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

25

U .S.

CHECK PAYMENTS

1967-100
190

1967-100
260

ISO

260

170

240

160

220

150

200

140

160

130

160

120

1971

1972

1973

140

PREPARED SY FEDERAL RESERVE SANK OF ST. LOUIS

EVANSVILLE, INDIANA-KENTUCKY
METROPOLITAN AREA
MANPOWER UTI LI ZATI ON
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKING ACTI VI TY
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK DEPOSITS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
BILLIO NS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
* BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N.A.
ALL

- NOT AVAILABLE
INDEXES:




1967-100

26

EVANSVILLE
INDIANA-KENTUCKY
METROPOLITAN AREA
TOTAL BANK LOANS

PAYROLL EMPLOYMENT
1967-100

1967-100
240
230

220

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX

210

YEAR ENDING

200

JUNE 1973

190

EVANSVILLE

160

TOTAL PAYROLL EMPLOYMENT

170

TOTAL LOANS

160
150

1971

1973

1972

1973

+6.6

+ 12.4

+ 12.0

+25.4

120

TOTAL BANK DEPOSITS

CHECK PAYMENTS
190

PERCENT

UNEMPLOYMENT RATE

160

PERCENT

170

10

160
150
140
130
1971

EVANSVILLE




U.S.

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

27

120

+ 3.6
+22.5

TOTAL DEPOSITS

130
1972

+3.6
+ 15.1

CHECK PAYMENTS

140

1971

U .S.

SPRINGFIELD MISSOURI
METROPOLITAN AREA
MANPOWER UTI LI ZATI ON
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKING ACTI VI TY
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK D E P O S IT S
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
BILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

X BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N.A.
ALL

- NOT AVAILABLE
INDEXES:




1967-100

28

SPRINGFIELD
MISSOURI
METROPOLITAN AREA
TOTAL BANK LOANS

PAYROLL EMPLOYMENT

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
JUNE 1973
SPR IN G FIELD
TOTAL PAYROLL EMPLOYMENT

+4.3

♦ 3.6

♦ 23.5

♦ 2 2.5

TOTAL DEPOSITS

♦ 6 .2

♦ 12.4

CHECK PAYMENTS

♦ 13.0

♦ 25.4

TOTAL LOANS

1971

1972

U .S.

1973

TOTAL BANK DEPOSITS
200

PERCENT

UNEMPLOYMENT RATE




U.S.

1967-100
260
260

PERCENT
10

240

6

220

6

200

4

160

2

160

0
SPRINGFIELD

CHECK PAYMENTS

1967-100

1971

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

29

1971

1972

1973

140

PREPARED DY FEDERAL RESERVE 9ANK OF ST. LOUIS

FORT SMITH, ARKANSAS-OKLAHOMA
METROPOLITAN AREA
MANPOWER UTI LI ZATI ON
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKING ACTI VI TY
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK D E P O S IT S
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
BILLIO NS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

* BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N . A . - NOT AVAILABLE
ALL

INDEXES:




1967-100

30

FORT SMITH
ARKANSAS-OKLAHOMA
METROPOLITAN AREA
TOTAL BANK LOANS

PAYROLL EMPLOYMENT
1967-100

1967-100
126

1967 -100

1967-160

126

PERCENTAGE CHANGE
K

124

122

_ F

120

h

SEASONALLY ADJUSTED INDEX
YEAR ENDING
JUNE 1975
FORT SMITH

116

J

1
1i-.

TOTAL PAYROLL EMPLOYMENT

/
J
110

112

u

1971

1 i - i . L u l i i.

1972

+ 16.0

+22.5

+ 10.5

+ 12.4

CHECK PAYMENTS

+9.3

+25.4

1 1 1 1 1 1 ? 1 1 l-L,

1971

1975

1972

1975

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE

PERCENT

10
6
6
4
2

0
FORT S M I T H




u.s.

1971

1972

1975

ALL DATA ARE SEASONALLY ADJUSTED

31

+3.6

TOTAL LOANS

106
1 1 1 l - t l t-tJ LI.

+5.5

TOTAL DEPOSITS

106

104

U .S.

CHECK PAYMENTS

PINE BLUFF ARKANSAS
METROPOLITAN AREA
MANPOWER UTI LI ZATI ON
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKING ACTI VI TY
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK O E P O SIT S
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
BILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

# BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N.A.
ALL

- NOT AVAILABLE
INDEXES:




1967-100

32

PINE BLUFF
ARKANSAS
METROPOLITAN AREA
TOTAL BANK LOANS

PAYROLL EMPLOYMENT

1967-100

1967-100

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
JUNE 1973
P IN E BLUFF
TOTAL PAYROLL EMPLOYMENT

+3.0

♦ 3 .8

♦ 17.7

♦ 22.5

TOTAL DEPOSITS

♦ 8 .7

♦ 12.4

CHECK PAYMENTS

♦ 6 .9

♦ 25.4

TOTAL LOANS

1971

1972

1973

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE




U.S.

CHECK PAYMENTS

1967-100

1967-100
260
240

PERCENT
10

220

6

200

6

160

4

160

2

140

0

PINE BLUFF

U .S.

1971

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

33

1971

1972

1973

120

PREPARED 6Y FEDERAL RESERVE DANK OF ST. LOUIS

CHECK PAYMENTS IN TEN MEDIUM-SIZE CITIES
M I L L I O N S Dr DOLLARS

JUNE
EL DORADO,

JUNE

1973

MAY

Ad j u s t e d In DE* —
1967 = 100

1973

APR

T 7 -------------------------------

1973

JUNE

1972

155

278.9

276.6

268.6

173.8

32

131.7

137.4

137.3

128.0

171

159.3

157.8

154.5

143.1

15'+

181.4

181.0

181.5

148.0

154

174.2

172.9

169.7

160.0

118

161.1

160.9

1 59.8

148.5

GREENVILLE, MISS.

88

161.3

165.9

170.4

155.5

CAPE GIRARDEAU, MO.

93

222.0

228.6

229.0

183. 7

HANNIBAL, MO.

33

159.6

155.9

154.9

129.3

12 2

193.9

194.5

191.1

159.0

HEL

ARK.

1973

seasonally

1/

$

k, ARK.

TEXARKANA SMSA,
QUINCY,

ARK.

ILL.

OWENSBORO,

KY.

PADUCAH, KY.

JAC

3N, TFNN.

1/ DEBITS TO DEMAND DEPOSIT ACCOUNTS,
2/ THREE-MONTH MOVING AVERAGES

RELEASED

JULY

1973




EXCFPT INTERBANK AND U.S. GOVERNMENT ACCOUNTS.

(EXCEPT LATEST MONTH, WHICH IS A TWO-MONTH AVER A G F ) •

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

34

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