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SELECTED ECONOMIC INDICATORS
CENTRAL MISSISSIPPI VALLEY
3RD 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

CHECK PAYMENTS 10 OTHER CITIES




26
28

page 34

Prepared by Federal Reserve Bank of St. Louis
Released: November 13, 1973

THE DATA

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.

Selected economic data are provided
for five states 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.

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

ANNUAL RATES OF CHANGE IN EMPLOYMENT

In the Central Mississippi Valley (CMV) states,
both payroll employment and total employment have grown
at considerably lower rates during the most recent two
quarters than in the previous year.
In comparison, U.S.
total employment grew more rapidly during the most recent
two quarters.
The growth rates of total employment in
each of the CMV states (for which data are comparable)
were much lower than the 3.7 annual percentage rate
sustained by the U.S. during the past two quarters.

TOTAL EMPLOYMENT
1/73III/73

1/721/73

3.0

3.0

4.0

Arkansas
Kentucky
Mississippi
Tennessee

1.8
-0.5
1.0
0.5

4.5
6.2
3.2
5.6

3.2
0.8
1.4
-0.4

6.0
7.4
4.3
6.6

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

0.3
3.3
4.6
6.9
0.2
-2.2
-2.8
0.8

1.8
2.3
2.4
4.5
3.4
1.9
-1.4
4.0

-0.7
2.7
4.4
6.5
0.6
-1.1
-3.2
0.7

2.0
3.3
3.2
4.8
4.4
2.7
-1.0
4.6

States *

During the past two quarters, total employment
growth and total payroll employment growth varied
widely among the CMV SMSAs. Louisville experienced the
highest growth in both total employment and total payroll
employment with annual percentage rates of 6.9 and 6.5,
respectively.
St. Louis was at the bottom of CMV
metropolitan areas with annual percentage rates of -2.8
and -3.2, respectively.
Fort Smith, Little Rock, and
Louisville were the only CMV metropolitan areas to
achieve higher growth rates of total employment in the
past two quarters than in the previous year.*




1/73III/73

3.7

U.S.

Total employment growth during that period was fastest
in Arkansas. Kentucky was the only state to experience
a
duction in total employment. Arkansas also led the
CMV states in payroll employment growth during the past
two quarters.

1/721/73

PAYROLL EMPLOYMENT

* Employment data for Missouri is not comparable due to
a change in benchmark figures in the latest quarter.

3

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

VALLEY STATE SUMMARY *

III

IV

1

1973
11

111

JUL

1973
AUG

SEP

110.3
110.3

111.4
111.0

113.3
111.9

112.9
113.2

114.1
113.9

113.2
113.8

114.6
113.5

114.4
114.5

114.4
110.9

115.7
112.1

117.6
113.3

117.7
114.4

118.9
115.0

117.8
114.7

119.4
115.0

119.5
115.4

116.4
116.4

117.4
117.5

119.4
118.7

119.4
119.6

121.0
120.3

119.6
12 0 . 0

121.6
120.3

121.7
120.7

109.7
9 7 .7

111.9
9 9 .3

113.4
100.6

113.9
101.8

114.2
102.2

113.8
101.8

114.3
102.4

114.4
102.4

4 .3
5.6

4.2
5.3

3.7
5 .0

3.9
4.9

3 .9
4.8

4. 1
4.7

3.8
4 .8

3 .8
4 .6

153.4
149.9

160.4
155. 1

165.2
158.4

169.0
161.9

N.A.
166.3

174.8
16 4 . 6

N.A.
166.4

N.A.
168.0

146.3
140.0

147.3
151.5

169.2
169. 1

175.7
170.8

N.A.
N.A.

186. 1
183.0

238.2
237.4

N.A.
N.A.

1972

MANPOWER U T I L I Z A T I O N *
TOTAL EMPLOYMENT I N D E X
C . M . V . STATES
UNITED STATES
PAYROLL EMPLOYMENT I N D E X
C . M . V . STATES
UNITED STATES
NO N MA N UF AC TU RI N G EMPLOYMENT IN D E X
C . M . V . STATES
UNITED STATES
M A N U F A C T U R I N G EMPLOYMENT IN D E X
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

INCOME I N D E X
STATES
STATES
R E C E IP T S INDEX
STATES
STATES

* MANPOWER U T I L I Z A T I O N DATA FOR AUGUST, SEPTEMBER AND THIRD QUARTER 1973 NOT COMPARABLE
N .A .
ALL

-

NOT A V A I L A B L E

INDEXES:




1967-100

4

CENTRAL k S S I S S I P P I
VALLEY S T a i E SUMMARY
1967-100

PAYROLL EMPLOYMENT

1967-100
PERCENTAGE CHANGE
SEASONALLY ADJUSTED

INDEX
YEAR ENDING

SEPTEMBER 1 9 7 3
STATE
SUMMARY

♦4. 1

♦3 .7

NONMANUFACTURING

♦4 .3

♦3 .4

MANUFACTURING

♦3 .7

♦4 .2

TOTAL PAYROLL EMPLOYMENT

TOTAL EMPLOYMENT

NONMANUFA CT URIN G EMPLOYMENT

PERSONAL
*

165

U .S .

♦3 . 5

♦3 .7

INCOME *

♦ 1 4 .8

♦

10. 8

YEAR ENDING JULY

130
125

PE RSONAL

INCOME

120

1967 -1 0 0
165

115

180

1 80

110

1 75

175

105

170

100

r /
is
//s
//

165

MA NU FA CT U RI NG EMPLOYMENT

1967 -100
1 85

160
155
150

/

14.5




ALL DATA ARE SEASONALLY ADJUSTED

5

1 60
1 55
1 50

140

1 40

135

135

130

130

120

U.S.

1 65

1 45

125

C.M.V. STATES

170

125
l l l i i l l l l l l

1971

1 ■ 1 1 1 1 M l LI ■ l l l l l l j l l - U .

1972

1973

120

PREPARED BY FEDERAL RESERVE BANK QF ST. LOUIS

ARKANSAS
III

IV

1

1973
11

111

J UL

1973
AUG

SEP

773.5
114.6

761.1
115.9

753.6
118.7

792.1
118.7

806.6
119,6

61 6.5
120.2

6 10.6
119.8

793.2
119.3

600.0
118.7

594.9
119.3

596.4
122.2

615.8
123.2

627.1
124. 1

626.3
124.3

629.9
124.3

623.0
123.8

412.7
117.7

406.4
117.2

405.7
119.7

417.6
120.3

427.0
121.6

429.9
122.5

429.0
122.0

422.0
120.9

187.3
121.0

188.6
124.1

190.7
127.7

196.2
129.7

200. 1
129.4

198.4
126.3

200.9
129.5

201.0
130.4

3 4 .7
4 .6

3 3 .7
4 .6

3 5 .6
4 .0

36.4
4 .3

3 3 .4
4 .3

37 .2
4.3

3 3 .3
4.3

2 9 .7
4 .3

6,544
159. T

7,436
166.2

6,852
172.4

7,284
180.8

N. A.
N. A.

7,728
166.4

N. A.
N. A.

N. A.
N. A.

1,007
159.7

3,004
166.0

966
185.8

1.097
210.4

N. A.
N. A.

1 , 223
213.7

1,743
3 26.5

N. A.
N. A.

1972

MANPOWER U T I L I Z A T I O N
TOTAL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
N O N M AN UF AC TU RI N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
M A N U F A C T U R I N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

INCOME
PERSONAL INCOME
M I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
FARM CASH R E C E I P T S
M I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

N . A . - NOT AV AILABLE
ALL INDEXES: 1 9 6 7 - 1 0 0




6

ARKANSAS
PAYROLL EMPLOYMENT
PERCENTAGE CHANGE
SEASONALLY ADJUSTED

INDEX
YEAR ENDING

SEPTEMBER 1 9 7 3
ARKANSAS
+ 4 .3

+3 .7

NQNMANUFACTURING

+3 .0

+3 .4

MANUFACTURING

+ 7 .4

+4 .2

TOTAL PAYROLL EMPLOYMENT

in

*

135

+2 0 .0

+

PERSONAL INCOME *

m

+4 .0

TOTAL EMPLOYMENT

NO N M AN UFA CT URI NG EMPLOYMENT

U .S .

+ 1 0 .8

YEAR ENDING JULY

130
125

1 9 6 7 -100
195

115

120

1 90

110

115

185

105

110

180

100

105

175

100

170

1GO
150




U.S.

INCOME

1 25

M A N U F A C T U R I N G EMPLOYMENT

ARKANSAS

PE RSONAL

120

196 7-10 0

165
PERCENT

UNEMPLOYMENT RATE

PERCENT

160

140

10

155

130

8

150

120

6

145

110

4

140

100

2

135

90

0

130

ALL DATA ARE SEASONALLY ADJUSTED

7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

KENTUCKY
1972
III

IV

1

1973
11

111

J UL

1973
AUG

SEP

MANPOWER U T I L I Z A T I O N
TOTAL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY AOJUSTED INDEX
NO N MA N UF AC TU RI N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
M A N U F A C T U R I N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

1281.9
115.0

1274.4
116.1

1247.5
119.5

1305.1
. 18.6

1328.3
119.2

1316.4
119.9

1331.1
119.4

1337.3
118.2

999.2
119.0

1015.0
120.7

1014.4
123.9

1035.3
123.2

1044.4
124.4

1040.1
124.2

1043.3
124.7

1049.7
124.2

732.6
120.5

741.0
121.7

737.2
124.8

753.7
123.6

760.3
125.0

757.9
124.9

759.8
125.4

763.3
124.8

266.6
115.2

274. 1
118.2

277.2
12 1 . 4

281.6
122.0

284.0
122.7

282.2
12 2 . 6

283.5
122.8

286.4
122.6

5 6 .7
4.5

5 5 .2
4.5

5 9 .5
4.1

60.2
4.3

58.7
4.5

6 7 .9
4 .7

5 9 .9
4.6

48.2
4.2

11,956
155.2

13,028
162.7

13,016
171.5

13,320
174.4

N. A.
N. A.

1 3 ,546
175.8

N. A.
N. A .

N.A.
N. A.

806
148.7

2,021
151.9

1,166
173.6

731
174.2

N. A.
N. A.

934
187.6

1,132
216.4

N.A.
N.A.

INCOME
PERSONAL INCOME
M I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
FARM CASH R E C E I P T S
M I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

N.A.
ALL

- NOT AV AILABLE
INDEXES:




1967-100

8

KEN 1 wCKY
1 96 7-10 0

PAYROLL EMPLOYMENT

1967

100
135

PERCENTAGE CHANGE

130

SEASONALLY ADJUSTED

INDEX

125

YEAR ENDING

120

SEPTEMBER 1 9 7 3
KENTUCKY

U .S .

♦4 .0

+3 .7

NONMANUFACTURING

+3 .2

+ 3 .4

MANUFACTURING

+ 6 .3

+ 4 .2

+3 .4

+ 3 .5

+ 1 6 .4

+ 1 0 .8

115
TOTAL PAYROLL EMPLOYMENT

110
105

100

TOTAL EMPLOYMENT

NO N MA NU F AC TU R IN G EMPLOYMENT

PERSONAL INCOME *
*

140

YEAR ENDING JULY

135
130

196 7-10 0

PERSONAL

INCOME

1967

100

125

185

120

160

115

1 75

110

170

105

1 65

M A N U F A C T U R I N G EMPLOYMENT

1 60
155
1 50
1 45
140
135
1 30
1 25

120
KENTUCKY



U.S

ALL DATA ARE SEASONALLY ADJUSTED

9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MISSISSIPPI
III

1972
IV

1

1973
11

111

JUL

1973
AUG

SEP

634.4
110.0

843.0
110.9

835. 2
111.8

844.4
111.5

852.5
112.4

845.8
111.4

850.4
112.5

861.4
113.3

634.6
116,6

643.7
120. 1

636.3
121.6

647.5
121.6

654.2
122.4

646.5
121.4

653.2
122.5

663.0
123.4

427.2
116.7

434.5
117.9

429.4
119.4

437.2
119.6

441.5
120.6

434.5
119.2

440.3
120.9

449.7
121.8

207.7
123.4

209.3
124.7

208.9
126.3

210.3
126.0

212.7
126.4

212.1
126.2

212.8
12 6 .1

213.2
127.0

3 5 .5
4. 1

3 2 .4
4.2

3 4 .0
3 .8

39.6
4. 1

35.2
4.0

4 0 .2
4. 1

3 4 .2
4 .0

31.1
3.9

6,664
157.4

7,796
163.7

7,372
170. 1

7,460
172.3

N. A.
N. A.

7,704
176.8

N. A .
N. A.

N. A.
N. A.

762
137.9

2,044
146. 1

1,088
155.0

834
165.5

N. A.
N. A.

895
163.5

1,112
230.4

N. A.
N. A.

MANPOWER U T I L I Z A T I O N
TOTAL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NO N MA N UF AC TU RI N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
M A N U F A C T U R I N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

INCOME
PERSONAL INCOME
M I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
FARM CASH R E C E I P T S
MILL TONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

N . A . - NOT AV AIL ABLE
ALL INDEXES: 1 9 6 7 - 1 0 0




10

MISSI
1967-100

PAYROLL EMPLOYMENT

kJ kJ

IPPI

1967-100
PERCENTAGE CHANGE
SEASONALLY ADJUSTED

INDEX
YEAR ENDING

SEPTEMBER 1 9 7 3
M IS S IS S IP P I
♦3 .7

TOTAL PAYROLL EMPLOYMENT

NON MAN UFA CT URIN G EMPLOYMENT
*

135

U .S .
♦3 .7

NONMANUFACTURING

♦ 4 .1

♦3 .4

MANUFACTURING

♦2 .8

♦4 ,2

TOTAL EMPLOYMENT

♦2 .8

♦3 .5

PERSONAL INCOME *

♦ 1 1 .0

♦ 1 0 .8

YEAR ENDING JULY

130
125

1967-100

TOTAL EMPLOYMENT

120

1967-100
125

115

120

110

115

105

110

100

105

PERSONAL

INCOME

100

M A N UF A CT U RI NG EMPLOYMENT
160
150
140
130
120

110
100
90

MISSISSIPPI



U.S

ALL DATA ARE SEASONALLY ADJUSTED

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MISSOURI
1972
III

IV

1

1973
11

111

1973
AUG

JUL

SEP

MANPOWER U T I L I Z A T I O N *
TO T A L EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
P A Y R O L L EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
N O N M A N U F A C T U R IN G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
M A N U F A C T U R I N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

2013.8
101.8

2000.2
102.9

1955.4
104.2

2038.0
104.5

2099.8 2058.7
103.5
106. 1

2104.2
107.4

2136.4
107.5

1668.6
104.7

1695.5
105.9

1677.5
107.0

1714.1
107.5

1744.9
109.5

1703.0
106.6

1756.8
110.8

1774.9
111.0

1233.6
108.5

1254.1
109.5

1235.8
110.5

1266.6
111.0

1291.8
113.6

1254.4
110.0

1300.2
115.2

1320.9
115.7

434.8
9 5 .0

441.5
9 6 .8

441.7
98 .3

447.6
9 9 .0

453. 1
9 9 .0

448.6
96. 1

456.6
9 9 .9

454.0
99 .0

104.3
5.0

89. 1
5.0

91 .9
4 .0

95.4
4.3

8 8 .2
4. 1

98 .9
4.3

8 5 .6
3.8

80 .2
4.2

20,080 21,228
146. 1
152.3

21,312
156.3

2.1 ,7 6 4
157.8

N.A.
N.A.

2 3 ,0 7 6
166.3

N.A.
N.A.

N.A.
N.A.

2,894
150.2

1,992
165.9

1,772
163.4

N.A.
N.A.

2,339
179.9

2,444
214.7

N.A.
N.A.

INCOME
P E RS O NA L INCOME
M I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
FARM CASH R E C E I P T S
M I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

1,846
140.4

* MANPOWER U T I L I Z A T I O N DATA FOR AUGUST, SEPTEMBER AND THIRD QUARTER 1 973 NOT COMPARABLE
N . A . - NOT A V A I L A B L E
ALL

INDEXES:




1967-100

12

MISSOURI
1 967-100

PAYROLL EMPLOYMENT

1 96 7-10 0
130

PERCENTAGE CHANGE

125

SEASONALLY ADJUSTED

INDEX

120

YEAR ENDING

115

SEPTEMBER 1 9 7 3

110

M ISSO U R I

U .S .

♦5 .4

♦3 .7

NONMANUFACTUR TNG

+ 6 .2

♦3 .4

MANUFACTURING

+ 3 .2

♦4 .2

TOTAL PAYROLL EMPLOYMENT

105
100
95

N O N M A NU F AC TU R IN G EMPLOYMENT
*

1967*100

T O T A L EMPLOYMENT

1967*100

TOTAL EMPLOYMENT

♦5 .1

PERSONAL INCOME *

♦ 14. 1

♦ 3 ,5
♦ 1 0 .6

YEAR ENDING JULY

196 7-10 0

PERSONAL

INCOME

1 9 6 7 - 100
165
160
175
170
165

M A N U F A C T U R I N G EMPLOYMENT

160
155
1 50
145
140
135
1 30
12J5
120

MISSOURI



U.S..

ALL DATA ARE SEASONALLY ADJUSTED

13

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TENNESSEE
1972
III

IV

1

1973
11

111

JUL

1973
AUG

SEP

MANPOWER U T I L I Z A T I O N
TOT AL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
P A Y R O L L EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NO N M A N U F A C T U R IN G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
M A N U F A C T U R I N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

1799.5
115.7

1827.2
117.0

1773.8
118.6

1818.7
117.8

1849.3
118.9

1842.2
1 18 . 7

1851.1
119.1

1854.7
119.0

1470.6
119.9

1493.9
121.7

1484.6
123.8

1507.8
123.4

1515.3
123.5

1508.3 1517.5
123. 1
123.8

1520.2
123.8

975.4
125.8

991.5
125.5

966.9
126.5

1006.2
127.9

1009.6
128.2

1006.9
127.8

1009.0
12 8 . 3

1012.8
128.4

495.2
112.8

502.3
115.0

497.7
115.2

501.6
115.4

505.8
115.2

501.4
1 14.6

508.5
115.7

507.4
115.4

62.2
3.4

5 4 .5
3.2

5 6 .7
3 .0

5 9 .9
2.9

58. 1
3. 1

6 7 .7
3.4

5 5 .4
3 .0

5 1 .2
3.0

15,564 1 5 ,4 4 0
165. 1
166.7

16,240
174.7

N.A.
N.A.

16,776
180.2

N.A.
N.A.

N.A.
N.A.

690
173.0

N.A.
N.A.

827
186.5

1 0 00
226.4

N.A.
N.A.

1NCOME
PE RSONAL INCOME
M I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
FARM CASH R E C E I P T S
M I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

N.A.

14,804
159.4
700
150.6

T,516
142.5

- NOT AV AILABLE

ALL INDEXES:




1967-100

14

807
175.8

TENN q JSEE
PAYROLL EMPLOYMENT
PERCENTAGE CHANGE
SEASONALLY ADJUSTED

INDEX
YEAR ENDING

SEPTEMBER 1 9 7 3

TOTAL PAYROLL EMPLOYMENT

t2 .8

♦3 ,7

*3 .3

* 3 .4

MANUFACTURING

1 1 .6

*4 .2

* 2 .7

*3 .5

*1 3 .7

*1 0 .8

PERSONAL INCOME *
*

135

U .S .

NONMANUFACTURING
TOTAL EMPLOYMENT

NO N MA NU F AC TU R IN G EMPLOYMENT

TENNESSEE

YEAR ENDING JULY

1 30
125

TO TA L

EMPLOYMENT

1967-100
125

100

120
115

120

180

110

115

175

105

110

170

100

105

165

100

160

1967-100

M A N U F A C T U R I N G EMPLOYMENT

185

155
1 50
145
140
1 35
130
125

120
TENNESSEE



U.S.

ALL OATA ARE SEASONALLY ADJUSTED

15

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

E I G H T CENTRAL M I S S I S S I P P I V AL L E Y
M E T R O P O L I T A N AREAS
III

IV

1

1973
11

111

JUL

1973
AUG

SEP

107.3
110.9

106.5
112.1

110.0
113.3

110.4
114.4

110.1
115.0

110.1
1 14.7

110.2
115.0

110.1
115.4

113,2
116.4

114.0
117.5

115.5
118.7

115.7
119.6

115.5
120.3

115.2
120.0

115.5
120.3

115.8
12 0 . 7

9 4 .5
9 7 .7

9 6 .7
99 .3

96. 2
100.6

9 8 .6
101.6

9 6 .6
102.2

9 9 .3
101.8

9 6 .6
102.4

9 7 .8
102.4

4.6
5.6

4.7
5.3

3.8
5.0

4. I
4.9

4. 1
4.8

4. 1
4.7

4 .0
4 .6

4.2
4 .6

96

96

95

95

94

94

94

94

155.0
159.9

164.9
167.5

174.0
179.0

160.3
188.7

184.4
195.9

182.9
193.0

183.7
196.6

166.5
196.0

140.5
147.8

142.3
152.1

143.6
156.3

146.0
161.4

149.3
166.4

146.2
165.0

149.9
166.6

149.9
167.6

198. 1
203.8

202.7
215.2

210.7
234. 1

216.9
247.4

246.5
N.A.

234.7
260.6

249.2
266. 1

255.5
N.A.

1972

MANPOWER U T I L I Z A T I O N
P A Y R O L L EMPLOYMENT I N D E X
C . M . V . AREAS
UNITED STATES
N O N M A N U F A C T U R IN G EMP LOYMENT IN D E X
C . M . V . AREAS
UNITED STATES
M A N U F A C T U R I N G EMPLOYMENT I N D E X
C . M . V , AREAS
UNITED STATES
UNEMPLOYMENT RATE
C . M . V . AREAS
UNITED STATES

BA N K IN G A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS I N D E X
C . M . V . AREAS
UNITED STATES
MEMBER BANK D E P O S I T S IN D E X
C . M . V . AREAS
UNITED STATES
CHECK PA Y ME NT S I N D E X *
C . M . V . AREAS
UNITED STATES

*

BASED ON A S A M P L I N G
N .A .
ALL

-

NOT A V A I L A B L E

INDEXES:




OF MEMBER AND NONMEMBER B A N K S .

1967-100

EIGHT

CENTRAL Ml I 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

PAYROLL EMPLOYMENT

TO T A L
1967-100

1967-100

BANK LOANS

1967-100

1 96 7-10 0

120

118

PERCENTAGE CHANGE

116

SEASONALLY ADJUSTED

112

SEPTEMBER 1 9 7 3

110

SUMMARY

106

TOTAL PAYROLL EMPLOYMENT

106

TOTAL LOANS
TOTAL D E P O S ITS

104

CHECK PAYMENTS *

102

*

YEAR ENDING AUGUST

100

96
96

1971
T O TA L

PERCENT

UNEMPLOYMENT RATE

1972

1973

BANK D E P O S I T S

PERCENT
10

1971

C.M.V. AREAS



U.S.

INDEX
YEAR ENDING

114

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

17

CHECK P A Y M E N TS

U .S .

+2 .5

+3 .7

+ 1 7 .9

+2 2 .4

+ 6 .4

+ 1 2 .5

+2 4 .4

+3 0 .9

ST.

L O U I S , M I S S O U R I - I L L I NO I S
M E T R O P O L I T A N AREA

MANPOWER U T I L I Z A T I O N
PAYRO LL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NO N MA N U FA C TU R IN G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
M A N U F A C T U R I N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

B A N K IN G A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK D E P O S I T S
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PA Y ME NT S *
B I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

* BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N . A . - NOT AV AILABLE
ALL INDEXES:




1967-100

18

ST. L OUI S
M I S S O U R I - I L L I NO I S
M E T R O P O L I T A N AREA
PAYROLL EMPLOYMENT

TOTAL BANK LOANS
1967-100

196 7-10 0
240
230

PERCENTAGE CHANGE

220

SEASONALLY ADJUSTED

INDEX
YEAR ENDING

210

SEPTEMBER 1 9 7 3

200

ST.

190
160

L O U IS

U .S .

TOTAL PAYROLL EMPLOYMENT

-0 .4

♦3 .7

170

TOTAL LOANS

+ 8 .5

♦2 2 .4

160

TOTAL D E P O S ITS

-0 .4

♦ 1 2 .5

♦2 7 .2

♦3 0 .9

150

CHECK PAYMENTS *
*

YEAR ENDING AUGUST

140
1 30
1971

1972

1971

1973

1972

1973

120

TOTAL BANK D E P O S I T S
170
PERCENT

UNEMPLOYMENT RATE




U.S.

150

6

140

6

130

4

120

2

110

0

ST. LOUIS

160

PERCENT
10

1971

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

19

100

1971

1972

1973

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUTS

L O U I S V I L L E , K E N T U C K Y - I N D I ANA
M E T R O P O L I T A N AREA
MANPOWER U T I L I Z A T I O N
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NO N MA N UF AC TU RI N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
M A N U F A C T U R I N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

B A N K IN G A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK D E P O S I T S
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
B I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

* BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N . A . - NOT AV AILABLE
ALL INDEXES:




1967-100

20

LOUISVILLE
KENTUCKY- I NDI ANA
METROPOLITAN AREA
PAYROLL EMPLOYMENT

TO T A L BANK LO ANS

PERCENTAGE CHANGE
SEASONALLY ADJUSTED

INDEX
YEAR ENDING

SEPTEMBER 1 9 7 3
L O U IS V IL L E
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL D E P O S IT S
CHECK PAYMENTS *
*

1971

1972

1971

1973

1972

U .S .

+ 8 .4

+ 3 .7

+ 2 6 .6

+ 2 2 .4

+ 6 .0

+ 1 2 .5

+ 1 3 .3

+ 3 0 .9

YEAR ENDING AUGUST

1973

T O TA L BANK D E P O S I T S
190
PERCENT

UNEMPLOYMENT RA TE




U.S.

170

6

160

6

150

4

140

2

130

0
LOUISVILLE

160

PERCENT
10

1971

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

21

120

1971

1972

1973

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

M E M P H I S , T E NNE S SE E - ARKANS AS
M E T R O P O L I T A N AREA
MANPOWER U T I L I Z A T I O N
PAYRO LL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NO N MA N UF AC TU RI N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
M A N U F A C T U R I N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BA N K IN G A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK D E P O S I T S
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYM ENTS *
B I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

X BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N . A . - NOT AV AIL ABLE
ALL INDEXES: 1 9 6 7 - 1 0 0




22

MEMPHIS
TENNESSEE-ARKANSAS
M E T R O P O L I T A N AREA
PAYROLL EMPLOYMENT

TO T A L

BANK L O ANS

PERCENTAGE CHANCE
SEASONALLY ADJUSTED

INDEX
YEAR EN DIN G

SEPTEMBER 1 9 7 3
MEMPHIS
1 -2 .6

t3 .7

TOTAL LOANS

1 -3 0 .4

♦2 2 .4

TOTAL D EPO SITS

1 -1 6 .0

♦ 1 2 .5

CHECK PAYMENTS X

t 2 4 .6

♦3 0 .9

TOTAL PAYROLL EMPLOYMENT

X

1971

1972

1971

1973

1972

UNEMPLOYMENT RA TE

YEAR ENDING AUGUST

1973

T O T A L BANK D E P O S I T S

PERCENT

U .S .

CHECK P A Y M E N T S

PERCENT
10

8
6
4

2
0
MEMPHIS



U.S.

1971

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

23

PREPARED RY FEDERAL RESERVE RANK OF ST. LOUIS

L I T T L E ROCK,

NORTH L I T T L E ROCK,
M E T R O P O L I T A N AREA

MANPOWER U T I L I Z A T I O N
P AY RO LL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
N O N M A N U FA C TU R IN G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
M A N U F A C T U R I N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

B A N K IN G A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK D E P O S I T S
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYM ENTS *
B I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

* BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N . A . - NOT AV AIL ABLE
ALL INDEXES: 1 9 6 7 - 1 0 0




24

ARKANSAS

L I T T L E ROCK
NORTH L I T T L E ROCK, ARKANSAS
M E T R O P O L I T A N AREA
PAYROLL EMPLOYMENT

T O T A L BANK LOANS

PERCENTAGE CHANCE
SEASONALLY AOJUSTED INDEX
YEAR ENDING
SEPTEMBER 1 9 7 3
L I T T L E ROCK

*

1971

1972

1971

1973

1972

UNEMPLOYMENT RAT E

TOTAL

PAYROLL EMPLOYMENT

+ 3 .8

+ 3 .7

TOTAL

LOANS

+ 2 0 .4

+ 2 2 .4

TOTAL

D E P O S IT S

+ 9 .0

+ 1 2 .5

CHECK

PAYMENTS *

+ 2 5 .7

+ 3 0 .9

YEAR ENDING AUGUST

1973

TO T A L BANK D E P O S I T S

PERCENT

U .S .

CHECK P A Y M E N TS

1 96 7-10 0

1967-100
280
260

PERCENT

240

220
200
180
160
1971

LITTLE ROCK



U.S.

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

25

1971

1972

1973

140

PREPARED RY FEDERAL RESERVE BANK OF ST. LOUIS

E V A NS V I L L E , I N D I A N A - K E N T U C K Y
M E T R O P O L I T A N AREA
MANPOWER U T I L I Z A T I O N
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NO N MA N UF AC TU RI N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
M A N U F A C T U R I N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BA N K IN G A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK D E P O S I T S
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
B I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

* BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N . A . - NOT AV AILABLE
ALL INDEXES:




1967-100

EV A N^ v I L L E
I NDI ANA-KENTUCKY
METROPOLITAN AREA
PAYROLL EMPLOYMENT

TO TA L BANK LOANS

PERCENTAGE CHANGE
SEASONALLY ADJUSTED

INDEX
YEAR ENDING

SEPTEMBER 1 0 7 3
E V A N S V IL L E
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL D E P O S ITS
CHECK PAYMENTS *
*

1971

1972

1971

1973

1 97 2

UNEMPLOYMENT RATE

*2 .7

*3 .7

*1 5 .9

*2 2 .4

*9 .7

*1 2 .5

*1 6 .4

*3 0 .9

YEAR ENDING AUGUST

1973

T O TA L BANK D E P O S I T S

PERCENT

U .S .

CHECK P A Y M E N TS

PERCENT
10

6
6
4
2

0
EVANSVILLE



U.S.

1971

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

27

1971

1972

1973

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

S P R IN G F I E L D MISSOURI
M E T R OP OL I T A N AREA
MANPOWER U T I L I Z A T I O N
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NO N MA N U FA C TU R IN G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
M A N U F A C T U R I N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY AOJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BA N K IN G A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LO ANS
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK D E P O S I T S
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PA Y ME NT S *
B I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
*

BASED ON A S A M P L I N G
N .A .
ALL

-

NOT A V A I L A B L E

INDEXES:




OF MEMBER AND NONMEMBER B A N K S .

1967-100

SPRINuHELD
MI SSOURI
METROPOLITAN AREA
PAYROLL EMPLOYMENT

TOT AL

BANK LOANS

1967-100

1967-100

PERCENTAGE CHANCE
SEASONALLY ADJUSTED

INDEX
YEAR ENDING

SEPTEMBER 1 9 7 3
S P R IN G F IE L D
t6 .1

t 3 .7

TOTAL LOANS

♦2 3 .4

t2 2 .4

TOTAL D EPO SITS

♦ 1 0 .7

4 -1 2 .5

CHECK PAYMENTS *

♦ 1 6 .9

+ 3 0 .9

TOTAL PAYROLL EMPLOYMENT

*

1971
1971

1972

U .S .

YEAR ENDING AUGUST

1973

1973

1972

TOTAL

BANK D E P O S I T S
200

CHECK P A Y M E N TS

1 967-100

1 96 7-100

190
PERCENT

UNEMPLOYMENT RATE

180

PERCENT
10

170
160
150

HO
130

1971
SPRINGFIELD



1972

1973

U.S.

1971

1972

1979

ALL DATA ARE SEASONALLY ADJUSTED

29

120

1971

1972

1973

PREPARED DY FEDERAL RESERVE DANK OF ST. LOUIS

FORT S M I T H , ARKANSAS- OKLAHOMA
M E T R O P O L I T A N AREA
MANPOWER U T I L I Z A T I O N
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NO N MA N UF AC TU RI N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
M A N U F A C T U R I N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

B A N K IN G A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK D E P O S I T S
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
B I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

* BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.
N . A . - NOT AV AILABLE
ALL INDEXES:




1967-100

^0

FORT uMITH
ARKANSAS-OKLAHOMA
METROPOLITAN AREA
PAYROLL EMPLOYMENT

T O TA L

BANK LOANS

PERCENTAGE CHANGE
SEASONALLY ADJUSTED

INDEX
YEAR ENDING

SEPTEMBER 1 9 7 3
FORT S M ITH
TOTAL PAYROLL EMPLOYMENT

*

1971

1972

1971

1973

TOTAL

1972

U .S .

+5 .3

♦3 .7

TOTAL LOANS

t1 6 .2

♦2 2 .4

TOTAL D E P O S IT S

+ 1 0 .6

♦ 1 2 .5

CHECK PAYMENTS *

♦ 1 7 .3

+ 3 0 .9

YEAR ENDING AUGUST

1973

BANK D E P O S I T S

196 7-10 0

CHECK P A Y M E N T S

196 7-10 0

190
PERCENT

UNEMPLOYMENT RATE

PERCENT

160

j* r

170
160
150
1 40
130
120

FORT SMITH



U.S.

/
.. 1.. 1.. 1.. ..I...... .. i■■i■. i■■
1971

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

31

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

P I N E BLUFF ARKANSAS
ME T R O P O L I T A N AREA
MANPOWER U T I L I Z A T I O N
PAYRO LL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NO N MA N UF AC TU RI N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
M A N U F A C T U R I N G EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKI NG A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK D E P O S I T S
M I L L I O N S OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
B I L L I O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
X BASED ON A SAMPLING OF MEMBER AND NONMEMBER BANKS.

N.A.
ALL

- NOT AVAIL ABLE
INDEXES:




1 9 6 7 - T00

*2

P IN E uLUFF
ARKANSAS
METROPOLITAN AREA
PAYROLL EMPLOYMENT

TOT AL

BANK LOANS

1 9 6 7 -1 0 0
240

1 9 6 7 - -100
240

230

230

220

220

210

210

200

200

190

190

160

./ V

160

A

UNEMPLOYMENT RATE

160

140

CHECK PAYMENTS *
*

U .S .

♦ T ..0

♦3 ,7

♦ 1 2 .6

♦2 2 .4

♦ 6 .7

♦ 1 2 .5

♦ 1 3 .3

♦3 0 .9

YEAR ENDING AUGUST

130
■ 1

1971

TO TAL

PERCENT

TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS

140

120

1973

P I N E BLUFF

TOTAL D E P O S IT S

150

130
1972

YEAR ENDING

170

150

INDEX

SEPTEMBER 1 9 7 3

160
S

170

1971

PERCENTAGE CHANGE
SEASONALLY ADJUSTED

■ ■■1

11 1

1972

I 1

■. 1 ■ ■ 1 ■ ■ 1 •■
1973

BANK D E P O S I T S

120
CHECK P A Y M E N T S

196 7-10 0

1967-100
275
250

PERCENT

225
200
175
150
125

1971

PINE BLUFF



1972

1973

U.S.

1971

1972

1973

ALL DATA ARE SEASONALLY ADJUSTED

33

1971

1972

1973

100

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

CHECK

PAY ME NT S

IN

TEN M E C I U M - S I Z E

M l L i c n S cf d o l l a r s

CITIES

Se a s o n a l l y

1/

adjusted

index

27

1967 * 100
SEPT
EL D O R A D O , ARK.
HE

t

A, ARK.

TEXARKANA SMSA,
OUINCY,

ARK.

ILL.

OWENSBORO,

KY.

PACUCAH, KY.
GREENVILLE,

MISS.

CAPE GIRARDEAU,
HANNIBAL, MC.
JACKSON, TENN.

MC.

1973

1973

AUG

1573

JULY

1973

SEPT

1972

135

275.5

290.4

295.0

209.1

28

154.6

172.2

166.8

132.3

152

155.5

157.5

162.3

136.0

147

205.8

200.3

196.9

162.9

158

195.5

195.3

188.0

158.2

114

174.C

170.0

165.7

143.8

83

167.9

173.4

172.3

163.1

92

237.6

226.7

220.3

192.8

25

166. 1

162.4

163.4

141.1

107

203.1

196.3

2C0.4

167.1

1/ DERITS TO DFMAND DEPOSIT ACCOUNTS,
2/ THREE-MONTH MOVING AVERAGES




SEPT

EXCEPT INTERBANK AND U.S. GOVERNMENT ACCOUNTS.

(EXCEPT LATEST MONTH, WHICH

IS A TWO-MONTH AVERAGE).

PREPARED EY FECERAL

34

RESERVE BANK OF ST. LOUIS

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