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WV

0

4TH QUARTER 1974
STATE ACTIVITY

SUMMARY DISCUSSION page 3

METROPOLITAN AREA ACTIVITY

page

page

page

SUMMARY

4

SUMMARY

16

ARKANSAS

6

ST. LOUIS

18 SPRINGFIELD, MO

KENTUCKY

8

LOUISVILLE

20

FORT SMITH

30

MISSISSIPPI

10

MEMPHIS

22

PINE BLUFF

32

MISSOURI

12

LITTLE ROCK

24

TENNESSEE

14




EVANSVILLE

26
28

CHECK PAYMENTS 10 OTHER CITIES
page 34

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

1 9 75

THE DATA

Selected economic data are provided for five
states, seven Standard and one Nonstandard Metropoli­
tan Statistical Areas which are entirely or partially
within the Eighth Federal Reserve District. Also
included are check payment series for ten other
Eighth District cities.

of data for the last Wednesday of the preceding month,
the Wednesday on or preceding the 15th of the current
month, and the last Wednesday of the current month.
Data are collected by this Bank and the Board of
Governors of the Federal Reserve System. The Fort
Smith SMSA data cover only those counties within the
Eighth Federal Reserve District.

Data are presented in both unadjusted and
seasonally adjusted index form. Index numbers are
on a 1971=100 base. The latest data in most series
are preliminary and are revised as the final figures
are received.

Check payments are debits to demand deposit ac­
counts, 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.

Manpower Utilization
Basic employment data are from the respective
State Employment Security Office and the United
States Department of Labor. All manpower data for
metropolitan areas are based on the redefinition of
SMSA areas announced in late April 1973, except for
Memphis which is a Nonstandard Metropolitan Statisti­
cal Area. Memphis data include Shelby and Tipton
Counties in Tennessee and Crittenden County, Arkansas,
but exclude De Soto County, Mississippi.

All banking data remain on the Standard Metro­
politan Statistical Area definitions prior to the
April 1973 announcement.
Income
State personal income figures are annual rates
of monthly figures published by Business Week. United
States data are from the Department of Commerce.

Total employment and unemployment series are
household (place-of-residence) data; payroll employ­
ment, nonmanufacturing and manufacturing employment
are establishment (place-of-work) data.

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

Banking Activity

Total loan and total deposit data are for
Federal Reserve member banks only and are averages




2

SUMMARY OF CENTRAL MISSISSIPPI VALLEY ECONOMIC ACTIVITY

Employment In the Central Mississippi Valley
(CMV) states and cities declined in the past year af­
ter substantial growth in 1972 and 1973. Much of the
overall decline can be traced to declines in the manu­
facturing sector. Partially offsetting these declines
in most states and cities were increases in nonmanu­
facturing employment in the past six months.
Several special factors affecting the supply
of goods and services, including the sharp rise in oil
prices, devaluation of the dollar, and poor crops,
coupled with some slowing in aggregate demand led to
the sharp adjustments in output and employment in the
past year.ii/ These factors have affected the employ­
ment in CMV states and cities somewhat more than the
nation as a whole. Over the past year U.S. total
employment rose slightly compared with declines of
0.5 percent for the CMV states and 1.9 percent for
CMV cities. U.S. manufacturing employment declined
3.6 percent compared with declines of 5.1 and 4.9
percent for CMV states and cities, respectively.
The declines in employment together with
the normal increase in the labor force have led to
sharp increases in CMV unemployment in the past year.
The Decenter unemployment rate averaged 6.3 percent
and 6.8 percent for CMV states and metropolitan areas,
respectively, versus 3.8 and 4.3 percent, respectively,
a year ago. The highest unemployment rate was regis­
tered in St. Louis, 8 percent, and the lowest in
Evansville,, 4.9 percent.

Unemployment Rate

IV 1973
to
IV 1974

December December
1973
1974

II 1974
to
IV 1974
U.S.

-0.4

0.2

7.1

4.8

Arkansas
Kentucky
Mississippi
Missouri
Tennessee

- 0.1
-0.7
- 1.1

-1.4

0.2

6.8
6.2

-0.3

-0.9
-0.4
-0.7

5.9
6.4
6.3

4.2
4.5
3.6
3.9
3.0

State Summary

- 0.1

-0.5

6.3

3.8

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

-4.1
-4.8
-5.2
1.7

8.0

-1.7
-1.5
- 1.2

- 2.8
-1.7
-2.4
0.5
- 1.1
- 01.5
- 0-

6.4
5.8
5.3
4.9
5.8
7.3
5.5

5.2
4.1
3.3
3.1
3.0
3.2
4.1
3.9

SMSA Summary

-3.5

-1.9

6.8

4.3

1/

For a discussion of these special factors, see
"Another Recession, But Different," Federal Reserve
Bank of St. Louis Review (December 1974), pp. I57I 8.




Total Employment
(Compounded Annual
Rate of Change)

3

0.8

1.2

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

VALLEY STATE SUMMARY

1973
IV

1 974

IV

OCT

1 974
NOV

DEC

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

109.6
108.3

109.7
108.5

109.1
108.7

109.0
109.2

109.0
108.5

109.0
109.4

109. 1
108.4

109.0
107.7

112.7
109.3

113.3
109.6

112.5
110.0

112.6
110.5

112.5
110.0

113.2
110.7

112.6
110.1

111.6
109. 1

112.3
109.2

113.3
109.9

112.7
110.5

113.2
111.2

114.4
111.7

114.4
111.9

114.4
111.7

114.4
111.3

113.6
109.3

113.3
108.7

111.9
108.6

111.1
108.4

107.8
105.3

110.3
107.7

108.2
105.5

105.0
102.8

3.7
4.7

4.0
5.2

4.4
5.5

5.6
6.5

4.9
6 .0

5 .6
6.5

6.3
7.1

135.7
127.2

133.0
128.8

135.8
131.3

139.0
135.2

N. A.
N. A.

143.6
137.1

N. A.
136.9

N. A .
N. A.

178.5
185.1

178.4
186.3

149.1
155.1

155.6
172.9

N. A.
N. A .

196.9
191.8

N. A.
N. A.

N. A.
N. A.

4.1
5.1

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

INCOME INDEX
STATES
STATES
R E C E I P T S INDEX
STATES
STATES

N .A . - NOT AVAILABLE
ALL INDEXES: 1971-100




4

PAYROLL EMPLOYMENT

100
130

PERCENTAGE CHANGE

125

SEASONALLY ADJUSTED INDEX

120

YEAR ENDING

115

DECEMBER 1974

110

STATE
SUMMARY
TOTAL PAYROLL EMPLOYMENT

105

NONMANUFACTURING

4-1.8

4-1.8

MANUFACTURING

- 7 .6

- 5 .9

TOTAL EMPLOYMENT

- 0 .6

- 0 .5

PERSONAL INCOME *

4-6.8

4-8.7

100

95

NONMANUFACTURING EMPLOYMENT

*

130

U .S.
- 0 .2

- 1 .0

YEAR ENDING OCTOBER

125

120

1971-100

PERSONAL

INCOME

1971*•100

115

160

110

155

105

150

100

145

95

140

MANUFACTURING EMPLOYMENT

135
130
125

120
115

110
105

100
95

C.M.V. STATES



■—

U.S.

ALL DATA ARE SEASONALLY ADJUSTED

5

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

ARKANSAS
1973
IV

1

II

111

IV

OCT

1974
NOV

DEC

792 .9
113.4

764.8
112.6

804 .3
111.8

814 .3
111.6

781.7
111.8

8 0 7 .4
111.7

7 8 4 .0
112.2

7 5 3 .6
-111.4

631.7
115.1

623.6
115.8

635 .5
115.1

641 .5
115.2

631.1
115.0

641.1
116.1

6 29 .5
115.2

6 2 2 .7
113.8

426.4
112.9

420.8
113.8

430.4
113.5

436.7
114. 1

439.2
116.3

441 .5
116.4

437.7
116.6

436 .3
116.0

205.3
120.1

202.8
120.3

205.1
1 18.6

204.8
117.8

191.9
112.2

199.6
115.4

191.8
112.3

184.4
109. 1

31.7
4 .0

37.8
4.3

39. 1
4.5

38.6
4.8

48.6
6. 1

37 .9
5 .3

5 1. 0
6.2

56 .8
6.6

9,884
154.3

7,792
137.0

7,9 64
138.6

8,440
143.4

N.A.
N.A.

10,176
156.4

N.A.
N.A.

N.A.
N.A.

5,218
209.0

1,335
189.9

1,109
153.6

1,513
169.8

N.A.
N.A.

6 ,1 35
238.1

N.A.
N.A.

N.A.
N.A.

1974

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
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 I P T S
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

N.A. - NOT AVAILABLE
ALL INDEXES: 1971-100




6

ARKANSAS
PERCENTAGE CHANCE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1974
ARKANSAS
TOTAL PAYROLL EMPLOYMENT

NONMANUFACTURING EMPLOYMENT

- 1 .4

- 0 .2

NONMANUFACTURING

* 2 .6

♦I . S

MANUFACTURING

- 9 .7

- 5 .9

TOTAL EMPLOYMENT

- 1 .6

- 0 .5

PERSONAL INCOME X

♦4.2

♦6.7

X

150

U .S .

YEAR ENDING OCTOBER

125
120
115

110
105

100
95

MANUFACTURING EMPLOYMENT
150
140
130
120

110
100

90
80

ARKANSAS



U.S.

ALL DATA ARE SEASONALLY ADJUSTED

7

PREPARED SY FEDERAL RESERVE BANK OF S T. LOUIS

KENTUCKY
1973
IV

1974
1

II

III

IV

OCT

1974
NOV

DEC

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
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

1315.2
110.0

1271.2
111.3

1319.0
110.7

1332.2
110.7

1317.4
110.3

1343.8
110.5

1314.1
109.9

1294.3
110.4

1059.7
113.1

1049.6
114.8

1063.3
113.5

1063.1
113.5

1066.7
113.9

1074.5
114.8

1062.9
113.6

1062.8
113.3

769.2
112.4

760.3
114.1

775.0
113.1

776.4
113.3

785.8
114.8

788 .9
115.5

783 .5
114.5

785.1
114.6

290.4
115.1

269.5
116.5

288.3
114.7

286.7
114.2

280.9
111.3

285 .6
112.9

279.4
111.3

277.7
109.8

55.6
4 .4

66. 1
4.7

66.4
4.7

65.4
4.6

75.3
5.6

63.9
5 .4

77.9
5 .8

84.0
6.2

14,544
130.8

14,256
134.5

14,356 14,736
135. 1 138.3

N.A.
N.A.

15,384
142.2

N.A.
N.A.

N.A.
N.A.

2,294
150.5

1,446
166.5

N.A.
N.A.

2 ,12 9
2 15. 6

N.A.
N.A.

N.A.
N.A.

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

N.A. - NOT AVAILABLE
ALL INDEXES: 1971-100




8

808
156.8

1,007
153.3

KENTUCKY
PERCENTAGE CHANCE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECENBER 1974

TOTAL PAYROLL EMPLOYNENT

1972

1979

1974

NONMANUFACTURING EMPLOYMENT

1973

U .S .

♦0.2

- 0 .2

NONMANUFACTURING

♦2.1

♦1.8

MANUFACTURING

- 4 .8

- 5 .9

TOTAL EMPLOYMENT

- 0 .0

- 0 .5

PERSONAL INCOME X

♦8.2

♦8.7

X

1972

KENTUCKY

YEAR ENDING OCTOBER

1974

MANUFACTURING EMPLOYMENT

KENTUCKY

—




U.S.

ALL DATA ARE SEASONALLY ADJUSTED

9

PREPARED SY FEDERAL RESERVE DANK OF S T. LOUIS

MISSISSIPPI
1973
IV

1

II

III

IV

OCT

1974
NOV

DEC

889 .0
113.9

658.8
113.3

889.4
113.5

696.7
113.5

880.9
112.9

907. 1
113.2

875 .0
112.6

860 .6
112.7

693.3
116.0

682.2
116.5

690.4
116.2

692.7
116.3

686.0
115.1

6 9 6 .4
116.4

691 .5
115.8

676 .0
113.3

472.7
115.9

464.9
1 16.7

473.3
116.8

475. 1
117.2

464.4
116.6

483 .8
116.4

483 .6
116.7

485.7
119.2

220.6
116.3

217.3
116.0

217.1
114.9

217.6
114.4

203.6
107.4

212 .6
112.0

207 .9
109.5

190.3
100.6

30.0
3 .6

33. 1
3.8

38. 1
3.7

38.4
4. 1

44.3
5.3

35.7
4 .6

49.4
5 .5

47.9
5 .9

9,2 68
138.9

8,312
136.5

8,296
138.0

6,656
142.1

N.A.
N.A.

9,5 66
142.3

N.A.
N.A.

N.A.
N.A.

3,005
174.0

1,518
171.3

803
131.9

976
142.6

N.A.
N.A.

3 ,54 9
201.4

N.A.
N.A.

N.A.
N.A.

1974

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
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 I P T S
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

N.A. - NOT AVAILABLE
ALL INDEXES: 1971-100




10

MISSISSIPPI
PAYROLL EMPLOYMENT
130

PERCENTAGE CHANGE

125

SEASONALLY ADJUSTED INDEX

120

YEAR ENDING

115

DECEMBER 1974

110

M ISSISSIPPI
TOTAL PAYROLL EMPLOYMENT

105

NONMANUFACTUR1N6

100

MANUFACTURING

95

NONMANUFACTURING EMPLOYMENT

-0 .2

+2.4

+1.8

-1 3 .7

- 5 .9

TOTAL EMPLOYMENT

- 1 .5

- 0 .5

PERSONAL INCOME *

+5.0

+8.7

*

130

U .S.

-2 .7

YEAR END 1N6 OCTOBER

125
120

1971-100

TOTAL EMPLOYMENT

1971-100

1971 -100
160

110

115

155

105

110

150

100

105

145

95

100

140

95

135

125

130
PERCENT

UNEMPLOYMENT RATE

120




INCOME

120

130

U.S.

PERSONAL

115

MANUFACTURING EMPLOYMENT

MISSISSIPPI

1971 •100

PERCENT
10

125
120

115

115

110

110

105

105

100

100

95

95
ALL DATA ARE SEASONALLY ADJUSTED

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MISSOURI
1973
IV

1974
1

II

III

IV

OCT

1974
NOV

DEC

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
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

1931.0
102.5

1865.2
102.5

1934.1
101.8

1933.9
100.9

1922.9
102.2

1949.2
101.3

1915.0
102.5

1904.5
102.7

1796.8
107.8

1761.5 1790.4
108. 1 107.6

1776.9
107.2

1785.8
107.2

1793.9
107.5

1786.7
107.4

1776.9
106.7

1336.3
107.9

1308.1
108.4

1334.9
108.0

1329.9
108.2

1342.4
108.4

1343.9
108.4

1343.0
108.6

1340.4
108.3

460.4
107.5

453.4
107.2

455.5
106.6

447. 1
104. 1

443.4
103.6

450 .0
105.0

443.7
103.7

436 .5
102.2

68.8
3.9

90.8
4 .3

9 1. 8
4 .3

86.4
4.3

101.3
5.6

82.5
4 .8

104.6
5 .6

116.7
6.4

24,756
131.5

23,476
128.4

24,196
131.8

24,836
134.8

N. A.
N. A.

26,568
139.0

N. A.
N. A.

N. A.
N. A.

4,233
179.6

2,803
185.9

1,909
150.8

2,369
158.5

N. A.
N. A.

5,2 59
183.2

N. A.
N. A .

N. A.
N.A.

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

N.A. - NOT AVAILABLE
ALL INDEXES: 1971-100




12

MISSOURI
1971-100

PAYROLL EMPLOYMENT

1971-100
112

PERCENTAGE CHANGE

110

SEASONALLY ADJUSTED INDEX

108

YEAR ENDING

106

DECEMBER 1974

104

MISSOURI

U .S .

- 0 .8

- 0 .2

TOTAL PAYROLL EMPLOYMENT

102

NONMANUFACTURING

♦0.6

+1.8

MANUFACTURING

- 4 .8

- 5 .9

TOTAL EMPLOYMENT

+0.6

- 0 .5

PERSONAL INCOME *

+6. 1

+8.7

100
98

NONMANUFACTURING EMPLOYMENT

*

112

YEAR ENDING OCTOBER

110
108

1971-100

PERSONAL

INCOME

106

1971 -1 0 0
160

104

155

102

150

100

145

98

140

MANUFACTURING EMPLOYMENT

135
130
PERCENT

UNEMPLOYMENT RATE

125

PERCENT

120

10

115

110
105

100
95

MISSOURI



U.S.

ALL DATA ARE SEASONALLY ADJUSTED

13

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

TENNESSEE
1973
IV

1974
1

II

III

IV

OCT

1974
NOV

DEC

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
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

1789.2
114.0

1730.3
114.0

1777.6
113.4

1795.4
113.9

1776.9
113.2

1806.9
113.6

1778.9
113.1

1743.0
112.6

1577.9
115.6

1550.2
116.2

1567.6
115.2

1577.9
115.6

1574.7
115.4

1589.5
1 16.4

1577.5
115.7

1557.0
114.1

1047.7
116.1

1032.6
117.6

1053.2
116.8

1060.1
117.6

1074.9
119.1

1076.0
119.2

1075.7
119.3

1073.0
118.7

530.2
114.8

517.6
113.5

514.7
111.9

517.8
111.6

499.8
106.2

513 .5
110.9

501 .8
106.6

464 .0
105.2

50.8
3.0

6 3. 6
3.4

6 9. 6
3.5

76.7
4.2

91.0
5.3

70.3
4 .6

91 .3
5. 1

111.5
6.3

16,196
135.5

17,716
135.2

18,304
139.3

18,724
141.6

N. A.
N. A.

19,500
145.6

N. A .
N. A.

N. A.
N. A.

2,020
166.4

1,026
176.0

722
145.7

845
148.3

N. A.
N. A.

1,760
159. 1

N. A.
N. A.

N. A.
N. A.

INCOME
PERSONAL INCOME
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
FARM CASH RECEIPTS
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

N. A. - NOT AVAILABLE
ALL INDEXES: 1971-100




14

TENNESSEE
130

PERCENTAGE CHANCE

125

SEASONALLY AOJUSTED INDEX

120

YEAR ENDING

115

DECEMBER 1974

110

TOTAL

105

TENNESSEE

U .S.

-1 .4

-0 .2

4-2.1

+1.8

PAYROLL EMPLOYMENT
NONMANUFACTURING

100

MANUFACTURING

95

- 8 .3

- 5 .9

EMPLOYMENT

- 1 .4

- 0 .5

PERSONAL INCOME X

+9.0

+8.7

TOTAL

NONMANUFACTURING EMPLOYMENT

*

1971-100

TOTAL EMPLOYMENT

1971-100

YEAR ENDING OCTOBER

1971-100

PERSONAL

INCOME

1971« •100
160
155
150
145
140

MANUFACTURING EMPLOYMENT

135
130
125
120

115

110
105
100

95

TENNESSEE



U.S.

ALL DATA ARE SEASONALLY ADJUSTED

15

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

EIGHT CENTRAL M I S S I S S I P P I VALLEY
METROPOLITAN AREAS
1

It

III

IV

OCT

1974
NOV

DEC

108.2
109.6

106.2
110.0

106. 1
110.5

106. 1
110.0

106.0
110.7

106.4
110.1

105.8
109. 1

108.8
109.9

106.9
110.5

107.0
111.2

107.7
111.7

107.6
111.9

107.8
111.7

107.8
111.3

106.8
108.7

104.6
108.6

103.8
108.4

101.9
105.3

102.0
107.7

103.0
105.5

100.8
102.8

4.5
5.2

4.7
5. 1

5.0
5.5

6 .3
6 .5

6.0
6.0

6. 1
6.5

6.8
7.1

99

100

101

103

103

103

103

103

139.9
144.8

149.3
149.5

153.7
155.8

156.3
161.3

157.2
162.5

157.6
161.9

158.6
162.9

155.5
162.8

119.6
127.2

120.9
129.7

124.3
134.5

127.3
137.3

129. 1
138.8

127.5
137.7

130.8
139.3

128.9
139.5

154.4
162.2

159.6
170.2

168.4
178.4

178.8
185.9

178.7
N.A.

176.4
188.9

178.8
189.9

180.8
N.A.

1973
IV

1974

MANPOWER U T I L I Z A T I O N
PAYROLL EMPLOYMENT INDEX
C.M.V. AREAS
107.8
UNITED STATES
109.3
NONMANUFACTURING EMPLOYMENT INDEX
C.M.V. AREAS
108. 1
UNITED STATES
109.2
MANUFACTURING EMPLOYMENT INDEX
C.M.V. AREAS
107.2
109.3
UNITED STATES
UNEMPLOYMENT RATE
C.M.V. AREAS
4.3
4.7
UNITED STATES

BANKING A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS INDEX
C.M.V. AREAS
UNITED STATES
MEMBER BANK DEPOSITS 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 AV AIL ABL E
INDEXES:




197 1- 10 0

16

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

1971-100

PAYROLL EMPLOYMENT

TOTAL BANK LOANS
1971-100

PERCENTAGE CHANGE
116

SEASONALLY AOJUSTED INDEX

114

YEAR ENDING

112

DECEMBER 1974
AREA
SUMMARY

110
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS

104

CHECK PAYMENTS *

102

*

-2 .1
4-10.3

U .S.
-0 .2
♦1 1.7

+8.4

+9.3

♦IT . 1

+16.9

YEAR ENDING NOVEMBER

100
98
1972

1973

1974

96

1972

1973

1974

TOTAL BANK DEPOSITS

CHECK PAYMENTS

1971-100

1971-100

220
PERCENT

UNEMPLOYMENT RATE

200

PERCENT

180

10

160
140
120

100
1972

C.M.V. AREAS



U.S.

1973

1974

ALL DATA ARE SEASONALLY ADJUSTED

17

1972

1973

1974

80

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ST.

LOUIS, MlSSOURI — ILL I NO IS
METROPOLITAN AREA
1973
IV

1

It

III

IV

OCT

1974
NOV

DEC

919.9
102.2

904.2
102.7

898. 1
99.8

890.9
99. 1

895.2
99.5

8 96 .9
99.5

8 95 .3
99.6

8 93. 5
99 .4

655.2
102.8

644 .6
103.9

639 .6
100.3

636.9
100.2

642.0
100.7

6 40 .8
100.5

6 42. 2
100.8

643. 1
100.8

264.7
100.9

259.6
100.0

258.5
9 8. 5

254.0
96.4

253.2
96.6

256. 1
97.1

253. 1
96.5

250 .4
96.0

46.7
5 .3

59.8
5.7

6 5. 0
6.0

62.8
6.2

65.3
7.4

59.7
6.9

66.7
7.3

69.4
8.0

56

59

59

60

60

60

60

60

3,181
121.9

3,470
132.3

3,551
138.2

3,651
141.4

3,736
143.3

3,687
142.9

3,7 50
146.2

3 ,77 3
140.7

4,225
108.2

4,354
111.7

4,522
118.1

4,722
123.0

4,868
124.7

4,791
123.0

4 ,6 9 9
126.8

4 ,91 5
124.3

246.5
152.8

249.9
152.9

258.5
160.0

287.5
179.0

291.4
177.9

290.2
175.3

272 .5
178.0

311 .4
180.4

1974

MANPOWER U T I L I Z A T I O N
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 A C T I V I T Y
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 NONMEMBEF

BANKS.

N. A. - NOT AVAILABLE
ALL INDEXES: 1971-100




18

ST. LOUIS
MISSOURI-ILLINOIS
METROPOLITAN AREA
1971 -100
116

PAYROLL EMPLOYMENT

TOTAL BANK LOANS
1971-

114

PERCENTAGE CHANGE

112

SEASONALLY ADJUSTED INDEX

110

- - —

YEAR ENDING

\

DECEMBER 1974

106
106

ST. LOUIS

U .S.

- 2 .6

-0 .2

104

TOTAL PAYROLL EMPLOYMENT

102

TOTAL LOANS

+14.1

+11.7

100

TOTAL DEPOSITS

+14.7

+9.3

CHECK PAYMENTS *

+17.8

+16.9

98

*

YEAR ENDING NOVEMBER

96
94
92

■I I 1 1 1 1 1 1 1 1 1

1 1 1 1 1 1 I I 1.14.. 1 1 1 1 1 1 1 1 1 l . i .

1972

1973

1972

1974

1973

1974

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE




CHECK PAYMENTS

1971-100

1971-100

PERCENT
10

8
6

4

2
1974

0

1972

1973

1974

ALL DATA ARE SEASONALLY ADJUSTED

19

1972

1973

1974

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

LOUISVILLE, KENTUCKY-INDI ANA
METROPOLITAN AREA
1973
IV

1

II

366.7
110.6

362.5
111.4

247.9
110.8

III

IV

OCT

1974
NOV

DEC

370.0
111.7

370.9
111.5

363.5
109.7

357 .9
108.3

367 .9
110.9

364 .8
110.0

241.3
110.5

249.4
111.1

252.5
111.8

251.6
112.4

251 .5
112.7

252 .0
112.5

251.2
112.2

118.8
110.3

121.2
113.5

120.6
113.0

118.5
110.9

112.0
104.1

106.5
99.3

116.0
107.7

113.6
105.3

13.4
3.9

14. 1
3.6

16.0
3 .8

17.2
4.2

22.4
6.5

25.3
7 .7

19.5
5.4

2 2. 3
6.4

8

8

8

6

8

8

8

8

1,552
151.7

1,684
164.9

1,679
167.0

1,724
173.3

1,841
180.1

1,747
176.2

1,849
181.7

1,929
182.3

1,797
120.3

1,835
123.3

1,886
127. 1

1,941
132.1

2,057
137.9

2,002
136.0

2,067
139. 1

2,103
138.5

46.6
140.1

47.9
152.5

51.7
160.7

54.5
169.2

58.2
177.1

56.7
175.8

55.6
176.6

62 .4
178.8

1974

MANPOWER U T I L I Z A T I O N
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 A C T I V I T Y
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 NONMEMBEf ; BANKS.

N. A . - NOT AVAILABLE
ALL INDEXES: 1971-100




20

LOUISVILLE
K EN TU CKY -I ND I ANA
METROPOLITAN AREA
PAYROLL EMPLOYMENT

TOTAL BANK LOANS
1971-100

210

210

200

200

190

190

180

160

YEAR ENDING

170

170

DECEMBER 1974

160

1973

SEASONALLY ADJUSTED INDEX

LOUISVILLE
TOTAL PAYROLL EMPLOYMENT

- 1 .2

- 0 .2

140

140

TOTAL LOANS

+16.2

♦11.7

130

130

TOTAL DEPOSITS

+15.1

♦9.3

CHECK PAYMENTS *

+26.3

♦16.9

120

120

110

110

100

100
■i I

m

I .

1972

i

I .

i

1 111.1.11 i l l I. I I 1 M 1 1 1 1 1 1-

1973

1974

X

YEAR END INC NOVEMBER

90

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE

U .S .

150

90

1974

PERCENTAGE CHANGE

160

' /

150

1972

1971«>100

CHECK PAYMENTS

PERCENT
10

8
6

4
2

0
LOUISVILLE




U.S.

1972

1973

1974

ALL DATA ARE SEASONALLY ADJUSTED

21

1972

1973

1974

PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

MEMPHIS, TENNESSEE-ARKANSAS
METROPOLITAN AREA
1973
IV

1

11

111

IV

OCT

1974
NOV

DEC

328.6
113.2

324.2
113.9

326 .0
112.8

325.3
111.9

321.5
110.7

323.7
111.4

321 .9
110.9

316 .6
109.9

262.8
114.1

259.2
114.6

260.4
113.5

260.1
112.5

259.7
112.7

260. 1
112.7

259 .9
113.0

259.2
112.5

65.7
109.6

65.0
110.4

65.6
110.4

65.2
109.8

61.7
103.0

63.6
106.0

62.0
103.0

59.6
100.0

10.6
3.3

10.9
3.2

14. 1
3.4

14.7
3.9

16.0
5.0

12.7
4.3

17.7
5.0

17.7
5 .8

6

6

7

8

8

8

8

8

1,778
158.6

1,816
157.8

1,616
164.8

1,776
162.6

1,761
157.5

1,770
164.3

1,772
158.3

1,742
149.8

2,379
132.2

2,258
125.1

2,197
122.6

2,111
120.1

2,158
120.0

2,117
119.0

2,197
122.7

2,162
118.4

68 .6
180. 1

73 .6
196.6

79 .6
214.7

68.7
194.5

74.6
190.9

72.3
187.6

69.2
191.4

82.2
193.5

1974

MANPOWER U T I L I Z A T I O N
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 A C T I V I T Y
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

X BASED ON A SAMPLING OF MEMBER AND NONMEMBEF

BANKS.

N.A. - NOT AVAILABLE
ALL INDEXES: 1971-100




22

UFUPHIS

TENNESSEE-ARKANSAS
METROPOLITAN AREA
PAYROLL EMPLOYMENT

TOTAL BANK LOANS

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1974
MEMPHIS
TOTAL PAYROLL EMPLOYMENT

- 2 .9

TOTAL LOANS

-

TOTAL DEPOSITS

- 6 .9

+9.3

CHECK PAYMENTS X

+6.9

+16.9

X

1972

1973

1974

1972

1973

UNEMPLOYMENT RATE

2. 6

-

0.2

+11.7

YEAR ENDING NOVEMBER

1974

TOTAL BANK DEPOSITS

PERCENT

U .S.

CHECK PAYMENTS

1971-100

1971-100
250
225

PERCENT
10

200

175
150
125

100
1972

MEMPHIS



U.S.

1973

1974

ALL DATA ARE SEASONALLY ADJUSTED

23

1972

1973

1974

75

PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

LITTLE ROCK, NORTH LITTLE ROCK, ARKANSAS
METROPOLITAN AREA
1973
IV

1

II

III

IV

OCT

1974
NOV

DEC

151.9
117.9

149.9
116.6

152.7
117.9

155.8
119.6

153.2
118.9

155.3
119.8

153.3
119.2

151.1
117.7

120.0
118.2

118.0
1 18.8

121.2
118.8

124.2
121.0

124.0
122.2

124.9
122.5

123.9
122.3

123.3
121.9

32.0
116.7

31.9
117.8

31.5
114.6

31.6
115.3

29.2
106.6

30.4
109.9

29.4
107.4

27 .8
102.5

4.0
2.7

4.2
2 .9

4 .8
2.6

5.4
3. 1

7.1
4.6

5.2
3.7

7.5
4.9

8.6
5 .3

7

7

7

7

7

7

7

7

659
167.7

736
186.8

741
190.0

713
185.6

711
160.9

707
181.8

705
178.0

720
182.6

795
136.4

814
139.7

834
143.5

833
145.3

831
142.8

820
141.3

632
143.0

840
144. 1

18.2
155.9

18.3
164.7

20.5
177.6

22.0
169.5

21.8
186.3

2 3. 9
187.8

20.2
188.5

21.2
182.6

1974

MANPOWER U T I L I Z A T I O N
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 A C T I V I T Y
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

K BASED ON A SAMPLING OF MEMBER AND NONMEMBEF

BANKS.

N. A . - NOT AVAILABLE
ALL INDEXES: 1971-100




24

LITTLE ROCK
NORTH LITTLE ROCK, ARKANSAS
METROPOLITAN AREA
PAYROLL EMPLOYMENT

TOTAL BANK LOANS

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1974
LIT T LE ROCK
- 0 .0

-0 .2

TOTAL LOANS

4-6.8

♦11.7

TOTAL DEPOSITS

4-4.7

♦9.3

♦20.7

♦16.9

TOTAL PAYROLL EMPLOYMENT

CHECK PAYMENTS *
*

1972

1973

1972

1974

1973

UNEMPLOYMENT RATE




U.S.

CHECK PAYMENTS

1971-100

1971-100
220
200

PERCENT
10

180

8

160

6

MO

4

120

2

100

0
LITTLE ROCK

YEAR ENDING NOVEMBER

1974

TOTAL BANK DEPOSITS

PERCENT

U .S.

1972

1973

1974

ALL DATA ARE SEASONALLY ADJUSTED

25

1972

1973

1974

60

PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

EVANSVILLE, INDIANA-KENTUCKY
METROPOLITAN AREA
1973
IV

1

II

III

IV

OCT

1974
NOV

DEC

110.1
111.7

106.9
108.4

103.4
101.7

110.3
108.7

108.9
110.4

109.6
110.6

109.3
111.1

107.8
109.5

69.6
108.5

69.0
109.7

69.8
109. 1

70.1
108.3

6 9. 9
109.0

69 .9
109.0

69.8
108.9

69.9
109.0

40.5
117.2

37.9
106.1

33.6
88.8

40.2
109.4

39.0
112.9

39.7
113.5

3 9. 5
114.8

37.9
110.4

3.8
3 .0

5.1
3.9

5.9
4.7

5.4
4.5

5.5
4.2

4.4
3 .6

5.4
4.1

6.7
4.9

9

9

9

9

9

9

9

9

398
142.7

421
153.0

419
150.0

434
156.6

459
164.5

444
161.2

462
165.5

470
166.7

539
131.7

556
135.5

556
135.0

567
140. 1

587
143.5

572
141.9

590
144.2

599
144.4

8 .3
136.6

9. 1
153.3

9.8
164.4

9 .9
161.9

10. 1
168.5

10.2
166.3

9.9
167.6

10. 1
171.5

1974

MANPOWER U T I L I Z A T I O N
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 A C T I V I T Y
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 NONMEMBEF ; BANKS.

N. A . - NOT AVAILABLE
ALL INDEXES: 1971-100




26

EV A N S V IL L E
INDIANA-KENTUCKY
METROPOLITAN AREA
1971-100
122

PAYROLL EMPLOYMENT

TOTAL BANK LOANS
1971-

120

PERCENTAGE CHANGE

118

SEASONALLY ADJUSTED INDEX

116

YEAR ENDING

1M

DECEMBER 1974

112

EVANSVILLE

110

t/
r
U

/

108
106
104

102

TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS *
*

U .S.

- 2 .4

- 0 .2

+14.5

+11.7

+8.4

+9.3

+21.5

+16.9

YEAR ENDING NOVEMBER

100
98

i-i.1.1 i l 1 1 J 1 1

■ l l l l l l l l l .

1 1 1 1 l i i l l.i i-

1972

1978

1974

1972

1973

1974

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE

CHECK PAYMENTS

1971-100

1971-100
220
200

PERCENT
10

180
160
140
120

100
1972

EVANSVILLE



U.S.

1973

1974

ALL DATA ARE SEASONALLY ADJUSTED

27

1972

1973

1974

80

PREPARED §Y FEDERAL RESERVE BANK OF ST. LOUIS

SPRINGFIELD MISSOURI
METROPOLITAN AREA
1973
IV

1

II

III

IV

OCT

1974
NOV

DEC

72.8
117.0

71.6
118.1

72.4
117.1

68. 1
110.4

72.5
116.5

73.3
117.5

72.9
117.1

7 1. 3
115.0

52 .0
114.6

51.1
115.9

52.3
1 15.7

52.2
116.7

53.5
117.9

53.7
118.0

53.7
118.4

53. 1
117.4

20.8
123.4

20.5
124.2

20. 1
120.9

15.9
93.7

19.0
1 12.8

19.6
116.0

19.2
113.7

18.2
106.6

2.4
3. 1

2 .6
2.8

2.7
2.9

2.6
3.3

3.5
4.5

2.7
3.7

3 .3
4.2

4.6
5.8

4

4

4

4

4

4

4

4

145
151.3

149
158.0

156
162. 1

164
169.2

168
175. 1

169
174.2

168
177.0

166
174.0

201
133.6

205
139.3

207
139. 1

212
141.7

218
144.7

214
140.5

217
144.9

222
148.8

7 .3
142.2

7.2
142.3

7 .5
148.4

7 .4
141.2

7.4
145.7

7 .7
144.6

7.3
145.7

7.2
146.9

1974

MANPOWER U T I L I Z A T I O N
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 A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK DEP OS IT S
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
BILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

* BASED ON A SAMPLING OF MEMBER AND NONMEMBEF 1 BANKS.

N.A. - NOT AVAILABLE
ALL INDEXES: 1971-100




28

SPRINGFIELD
MISSOURI
METROPOLITAN AREA
PAYROLL EMPLOYMENT

TOTAL BANK LOANS
1971-100

1971-100

200

190

PERCENTAGE CHANGE

160

SEASONALLY ADJUSTED INDEX

170

YEAR ENDING

160

DECEMBER 1974
SPRINGFIELD

150
140

TOTAL PAYROLL EMPLOYMENT

130

TOTAL LOANS

120

110

- 2 .5

-0 .2

1-13.0

+11.7

TOTAL DEPOSITS

1-8.6

CHECK PAYMENTS *

t l.6

X

U .S.

+9.3
+16.9

YEAR ENDING NOVEMBER

100
1972
1972

1973

1973

1974

90

1974

TOTAL BANK DEPOSITS
170

CHECK PAYMENTS

1971-100

1971-100
220

PERCENT

UNEMPLOYMENT RATE

200

PERCENT

180

10

160
140

‘120
100

1972

SPRINGFIELD



U.S.

1973

1974

ALL OATA ARE SEASONALLY ADJUSTED

29

1972

1973

1974

60

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

FORT SMITH, ARKANSAS-OKLAHOMA
METROPOLITAN AREA
1973
IV

1

II

III

IV

OCT

1974
NOV

DEC

54 .9
113.9

54.7
115.4

56.8
1 16.5

57.3
117.2

56.0
116.2

57.3
118.5

55 .8
115.8

54.9
114.2

33 .9
109.9

33.5
111.0

34.2
110.8

34.4
110.8

34.5
112.0

34 .7
112.3

34 .5
112.1

3 4. 4
111.6

21.0
120.7

21.2
123.0

2 2. 6
126.4

23.0
128.5

21.5
123.4

22.6
129.4

21 .3
122.2

2 0. 5
118.8

2.9
4.2

3 .3
4 .6

3.4
4.7

3.5
5.0

4.5
6.2

3.4
5. 1

4.5
6.1

5.5
7.3

3

3

3

3

3

3

3

3

149
136.7

153
143. 1

159
147.5

163
150.9

160
147.1

160
147.1

160
148.5

160
145.8

206
126.4

208
129.3

216
133.6

223
137.3

220
135.3

218
134.0

221
135.7

223
136.3

4.2
135.3

4 .3
141.9

4.6
149.8

4.8
151.0

4.4
143.7

4.5
145.6

4.2
142.3

4 .5
143. 1

1974

MANPOWER U T I L I Z A T I O N
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 A C T I V I T Y
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

X BASED ON A SAMPLING OF MEMBER AND NONMEMBEf

BANKS.

N. A. - NOT AVAILABLE
ALL INDEXES: 1971-100




30

FORT SMITH
ARKANSAS-OKLAHOMA
METROPOLITAN AREA
PAYROLL EMPLOYMENT

TOTAL BANK LOANS

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1974
FORT SMITH
TOTAL PAYROLL EMPLOYMENT

-0 .1

- 0 .2

TOTAL LOANS

+6.0

♦11.7

TOTAL DEPOSITS

♦7.9

♦9.5

CHECK PAYMENTS *

♦5.4

♦16.9

*

1972

1973

1974

1972

1973

U .S .

YEAR ENDING NOVEMBER

1974

TOTAL BANK DEPOSITS

1971-100

CHECK PAYMENTS

1971-100

220
PERCENT

UNEMPLOYMENT RATE

200

PERCENT

180

10

160
140

120
100
1972

FORT SMITH



U.S.

1973

1974

ALL DATA ARE SEASONALLY ADJUSTED

31

80
PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

PINE BLUFF ARKANSAS
METROPOLITAN AREA
1973
IV

1

II

III

IV

OCT

1974
NOV

DEC

26.0
105.5

25.9
107.3

26.0
106.4

26.2
107.0

26.3
106.3

26.4
106.7

2 6. 2
106.0

26.2
106.2

19.7
103.0

19.5
105.3

19.5
104.3

19.9
105.9

20.2
106.0

20 .4
106.7

20.2
105.9

20.1
105.5

6 .4
113.6

6.4
113.7

6 .4
113.3

6.4
111.0

6.0
107. 1

6.0
106.8

6.0
106.2

6. 1
106.3

1. 1
3 .9

1.4
4.4

1.6
4.7

1.5
4.7

1.5
5.2

1.2
4 .4

1.7
5.9

1.7
5 .5

4

4

4

4

4

4

4

4

156
157.4

170
169. 1

168
170.5

165
169.8

169
168.7

162
167.9

172
170.9

172
167.4

207
135.0

217
144. 1

215
146.0

214
146.5

224
146.3

219
146. 1

225
145.7

228
147.2

2.6
141.6

2.7
154.5

2 .5
154.5

2.5
155.7

3.3
159.0

3. 1
148.6

3. 1
162.3

3 .8
166.0

1974

MANPOWER U T I L I Z A T I O N
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 A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK DEP OSITS
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
BILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

* BASED ON A SAMPLING OF MEMBER AND NONMEMBEF

BANKS.

N.A. - NOT AVAILABLE
ALL INDEXES: 1971-100




32

PINE BLUFF
ARKANSAS
METROPOLITAN AREA
PAYROLL EMPLOYMENT
1971-100

TOTAL BANK LOANS
1971-

120

118

PERCENTAGE CHANGE

116

SEASONALLY ADJUSTED INDEX

114

YEAR ENDING

112

DECEMBER 1974

110

PINE BLUFF

106

f<

106

K)C

r

104

V

W

/ *

TOTAL PAYROLL EMPLOYMENT

* 0 .5

TOTAL LOANS

1-0.2

TOTAL DEPOSITS
CHECK PAYMENTS

102

*

*

U .S .
- 0 .2
1-11.7

* 5 .9

* 9 .3

*20.1

*16 .9

YEAR ENDING NOVEMBER

100
98
96

H

1 II 1

1 1.1 1 1■ 1 1 1 i t 1 1 l l j i

1972

1973

M 1 . • 1 , . 1 ■ 1.

1972

1974

1973

1974

TOTAL BANK DEPOSITS

CHECK PAYMENTS

1971-100

1971-100

220
PERCENT

UNEMPLOYMENT RATE

200

PERCENT

180

10

160
140
120

100
1972

PINE BLUFF




U.S.

1973

1974

ALL DATA ARE SEASONALLY ADJUSTED

33

1972

1973

1974

80

PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

CHECK PAYMENTS

IN TEN MEDIUM-SIZE CITIES

SEASONALLY ADJUSTED INDEX
1971 = 100

MILLIONS OF DOLLARS
DEC
FL DORADO. ARK.

1974

1/

DEC

1974

NOV

1974

CCT

2/

1974

DEC

1973

40b

423.4

432.4

417.3

178.4

55

141.8

143. 7

142.1

140.5

190

141.4

139.2

137.2

130.2

181

155.1

151.6

153.0

154.8

OWENSBORO, KY.

209

152.1

L52.0

150.8

138.8

PADUCAH, KY.

153

160. 1

159.9

160.3

140.3

141

152.4

161. 1

161.2

140.4

116

169.8

168.7

171.2

140.6

43

166.5

164.0

157. 1

141.3

154

159.5

155.5

148.9

157.5

HELENA,

ARK.

TEXARKANA SMSA,
QUINCY,

$

ARK.

ILL.

GREENVILLE,

MISS.

CAPE GIRARDEAU,
HANNIPAL, MO.
JACKSON, TENN .

MO.

1/ D EBITS TO CEMAND DEPOSIT AC CO U N TS, E X C E PT INTERBANK AMO U.S. GOV C RNME NT ACCOUNTS.
2/ THP.FP-M.3NTH MOVING AVERAGES




(FXCF.PT LATEST M 0 N T H t wHICri IS A TWQ-MQK T H AVERAGE) «

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