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SELECTED ECONOMIC INDICATORS
CENTRAL MISSISSIPPI VALLEY
4TH QUARTER 1975
STATE ACTIVITY

SUMMARY DISCUSSIO N page 3

METROPOLITAN AREA ACTIVITY

page

page

page

SUMMARY

4

SUMMARY

16 EVANSVILLE

26

AR KA N SA S

6

ST. LOUIS

18 SPRINGFIELD, M O

28

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
page 34

Prepared by Federal Reserve Bank of St. Louis
Released: February
1976

THE DATA

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.

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.
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

Total
Employment*

Employment In the Central Mississippi Valley
(CMV) registered Increases In both the third and fourth
quarters of last year following four quarters of de­
cline. The recovery has been stronger in the nonmetro­
politan areas than in the larger CMV cities. In the
two quarters of economic recovery, total employment in
the CMV metropolitan areas and states increased at
annual rates of 1.9 and 3.8 percent, respectively, com­
pared with a 2.5 percent rate for the nation as a whole.
Employment growth accelerated in the fourth
quarter for the CMV states, while it decelerated in
the metropolitan areas. For example, total employment
in the five CMV states increased at a 6.1 percent annual
rate in the fourth quarter after a modest 1.5 percent
rate of increase in the third quarter. Employment in
the metropolitan areas increased at only an 0.8 percent
rate in the fourth quarter, compared with a 3.1 percent
rate of increase in the previous quarter.

II 1974
to
II 1975

IV 1975

IV 1974

United States

2.5 %

- 1.9 %

8.4 %

6.6 %

Arkansas
Kentucky
Mississippi
Missouri
Tennessee

6.5
5.2
5.3
1.8
2.8

-

4.0
0.2
4.5
3.4
2.3

7.8
7.7
6.5
7.4
8.3

5.9
5.3
5.3
5.4
6.6

State Summary

3.8

- 2.7

7.6

5.7

-

3.5
4.9
5.7
3.9
6.3
3.6
7.1
5.2

8.9
9.0
8.8
6.6
7.1
5.4
8.3
9.1

6.8
5.7
5.1
4.6
4.6
4.2
6.0
5.6

- 4.4

8.4

6.6

SMSA Summary

Member bank deposits in CMV cities rose some­
what faster in the last three quarters of 1975 than
in the previous three quarters. However, in some of
the major cities bank loan demand remains relatively
weak.

*

3

Unemployment
Rate

II 1975
to
IV 1975

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

Personal income in the five state area
dropped in the first quarter of 1975, but rose at a
rapid 14 percent rate from the first to the third
quarter. While U.S. personal income on a quarterly
basis continued to increase during the recession it
has risen less rapidly than in the CMV states since
the first quarter.




ECONOMIC ACTIVITY

2.6
0.2
- 2.0
3.3
4.1
2.8
12.2
- 0.4
1.9

Compounded annual rates of change

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

V A LL E Y STATE SUMMARY
III

IV

OCT

1975
NOV

DEC

106.8
106.6

107.2
107.8

108.8
107.9

108.3
108.0

109.2
107.8

109.0
108.1

1)1.5
107.9

109.9
107.3

110.4
108.1

112.2
109.0

111.8
108.9

112.3
108.9

112.5
109.2

114.9
111.4

115.0
110.9

113.9
110.7

113.8
111.6

115.4
112.3

115.1
112.3

115.5
112.3

115.5
112.4

108.8
105.6

103.0
99.5

100.4
97.8

102.5
98.2

104.6
99.8

104.0
99.6

104.5
99.6

105.4
100.2

5.7
6.6

7.2
8.4

8.4
8.9

8.2
8.4

7.6
8.4

8.1
8.6

7.5
8.3

7.2
8.3

142.6
139.1

142.5
140.1

146.7
142.5

152.3
146.9

N. A.
150.7

N. A.
149.9

N. A.
150.8

N. A.
151.4

160.2
177.5

160.3
161.9

148.9
163.9

159.2
184.9

N. A.
N. A.

162.9
188.3

N. A.
N. A.

N. A.
N. A.

1974
IV

1

II

109.0
108.4

107.9
106.4

113.1
109.9

1975

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

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

INCOME INDEX
STATES
STATES
RECEIPTS INDEX
STATES
STATES

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




4

m
1971-100
125

PAYROLL EMPLOYMENT

m

m

w

,

PERCENTAGE CHANCE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1975
STATE
SUMMARY U.S.
TOTAL PAYROLL EMPLOYHENT
♦0.4
*0.1
♦0.7
NONMANUFACTURINC
*1.2
MANUFACTURINC
-0.6
-3.1
♦0.5
TOTAL EMPLOYMENT
*0.4
PERSONAL INCOME
N.A.
N.A.

120
115

115
--

110

—

105

105

100

100
95

95
90

h

1971-100
125

120
110

w

i i . l 1 1.1.11 L i i

1973

111 .i 1 1 1 1 1 i r . 1 1 1 m 1 « 1 1 11.

1974

1975

90

NONMANUFACTURIN6 EMPLOYMENT
130
125

PERSONAL INCOME

1971 •100
175

MANUFACTURING EMPLOYMENT

170

170

165

165

160

160

155

155

150

150

/ ?

145
PERCENT

UNEMPLOYMENT RATE

12
to

A

6
4
2 llJ 11.1 U
1973

C.M.V. STATES



U.S.

1 L I. * » 1 ■ 1 1 * ■ 1 ■ » ■■LI 1 11 1 1.1 1 i -L

1974

1975

ALL OATA ARE SEASONALLY ADJUSTED

145

140

140

135

135

10

130

130

8

125

PERCENT
12

«

1971 -100
175

6

120

4

115

2

110

125

/ /

120

y

115

1 1 1 M 11 1 111

1973

n 11 1 1 1 1 1 11 ■1 1 l LI 1 II 1 1 1

1974

1975

110

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ARKANSAS
1974
IV

1

II

793.5
113.3

749.9
110.4

643.1
117.2

III

IV

OCT

1975
NOV

DEC

781.0
108.7

795.5
109.0

785.7
112.2

808.3
111.9

787.7
112.5

761.2
112.1

611.8
113.5

615.6
111.5

623.2
111.9

632.5
115.3

636.6
115.1

629.8
115.1

631.2
115.6

448.9
118.9

439.1
118.6

445.2
117.4

444.2
116.0

451.6
119.7

454.0
119.5

450.2
119.6

451.2
119.9

194.2
113.5

172.7
102.4

170.5
98.6

178.9
103.0

180.7
105.6

182.6
105.4

179.6
105.1

180.0
106.4

48.6
5.9

84.9
8.6

62.4
10.0

69.8
9.1

64.0
7.8

61.4
8.0

65.5
8.0

65.0
7.4

9,824
149.6

8,156
145.0

8,524
150.0

9,340
160.0

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

3,609
151.4

1,774
228.5

1,120
152.4

1,798
214.5

N.A.
N.A.

5,248
208.2

N.A.
N.A.

N.A.
N.A.

1975

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
NONMANUFACTUR1N6 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 RECEIPTS
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

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




6

ARKANSAS
PAYROLL EMPLOYMENT
PERCENTAGE CHANCE
SEASONALLY ADJUSTED INDEX
YEAR END INC
DECENBER ID75

TOTAL PAYROLL ENPLOYHENT
NONHANUFACTURINC
NANUFACTURINC
TOTAL ENPLOYHENT
PERSONAL INCOME

NONMANUFACTURING EMPLOYMENT

ARKANSAS U.S.
-0.5
♦0.1
♦0.7
♦ 1.2
-3.1
-3.4
♦0.4
- 0.8
N.A.
N.A.

130
125

120

TOTAL EMPLOYMENT

1971 -100
175

110

170

105

185

100

160

95

155

MANUFACTURING EMPLOYMENT

ARKANSAS



U.S.

PERSONAL INCOME

115

1971-100

1971-100

1971-100

150
140

145

130

140

120

135

110

130

100

125

90

120

80

115

70

110
ALL DATA ARE SEASONALLY ADJUSTED

7

PREPARED SY FEDERAL RESERVE DANK OF ST. LOUIS

KENTUCKY
1974
IV

1

II

1975

III

IV

OCT

1975
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

1361.4 1319.9 1355.2 1390.7 1390.7 1408.0 1395.7 1368.4
112.8 114.4 112.4 114. 1 115.3 114.9 115.7 115.2
1087.8 1062.8 1065.3 1070.8 1085.7 1082.6 1087.6 1086.8
116.1 116.2 113.8 114.0 115.8 115.5 116.1 115.8
799.0
116.6

786.7
118.2

796.2
116.2

798.3
116.2

81 1.0
116.4

61 1.4
118.6

813.2
118.8

808.4
117.8

288.8
114.4

276.1
111.0

269. 1
107.3

272.5
108.3

274.7
108.8

271.2
107.1

274.4
109.0

278.4
110.4

73.3
5.3

102.4
6.3

112.0
7.9

116.1
8.2

110.9
7.7

112.3
8.3

106. 1
7.4

114.3
7.4

15,804 15,660 15,520 16,104
141.7 147.5 146.2 151.3

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

1,774
150.7

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

2,956
182.8

1,422
146.1

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




8

739
143.3

904
143.4

KENTUCKY
PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1975

TOTAL PAYROLL EMPLOYMENT
NONMANUFACTURING
MANUFACTURING
TOTAL EMPLOYMENT
PERSONAL INCOME

NONMANUFACTURING EMPLOYMENT

KENTUCKY
♦0.4
♦ 1.5
-2.5
♦2.4
N. A.

U.S.
40.1
41.2
-3.1
40.4
N.A.

130

125
120

TOTAL EMPLOYMENT

1971 -1 0 0
175

110

170

105

165

100

160

95

155

MANUFACTURING EMPLOYMENT

KENTUCKY _



U.S.

1971-100

1971-100

PERSONAL INCOME

115

1971-100

150

120

145

115

140

110

135

105

130

100

125

95

120

90

115

85

110
ALL DATA ARE SEASONALLY ADJUSTED

9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MISSISSIPPI
1974
IV

1

II

III

IV

OCT

1975
NOV

DEC

895.6
114.6

852.8
112.6

664.8
110.4

879.3
111.1

883.9
113.3

896.1
111.9

885.3
113.9

870.4
114.0

695.1
116.2

673.6
115.1

671.6
113.1

679.4
114.0

695.9
116.4

693.0
115.6

695.7
116.4

699.1
117.1

484.6
118.8

472.8
118.6

472.9
116.8

473.1
116.7

482.8
118.3

480.9
117.5

482.2
118.3

485.4
119.0

210.3
110.9

200.8
107.4

198.6
105.1

206.4
108.3

213.1
112.3

212.1
111.5

213.5
112.5

213.7
113.0

46.2
5.3

71.6
7.1

79.8
8.3

75.2
8.2

56.1
6.5

57.6
6.9

55.7
6.3

55.1
6.2

9,380
139.9

8,804
145.1

9,120
151.8

9,768
160.7

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

2,706
150.6

1,266
142.3

836
142.4

986
153.3

N.A.
N.A.

2,598
147.1

N.A.
N.A.

N.A.
N.A.

1975

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 RECEIPTS
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

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




10

M ISSISSIPPI
PAYROLL EMPLOYMENT
PERCENTAGE CHANCE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1975
MISSISSIPPI
TOTAL PAYROLL EMPLOYMENT
+2.6
NONMANUFACTUR1NO
♦0.1
♦8.6
MANUFACTURING
TOTAL EMPLOYMENT
-0.1
N.A.
PERSONAL INCOME

NONMANUFACTURIN6 EMPLOYMENT

U.S.
♦0.1
♦ 1.2
-3.1
♦0.4
N.A.

130
125
1971-100

PERSONAL INCOME

1971 -100
175
170
165
160
155

MANUFACTURING EMPLOYMENT

150
145
140
135
130
125

120
115

110
MISSISSIPPI



U.S.

ALL DATA ARE SEASONALLY ADJUSTED

11

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MISSOURI
1974
IV

1

II

1975

lit

IV

OCT

1975
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

1959.0 1870.0 1933.9 1940.6 1936.4 1954.9 1935.5 1918.7
103.6 102.1 101.5 101.5 102.4 101.9 102.9 102.5
1784.9 1716.6 1736.4 1728.6 1756.7 1754.1 1758.6 1757.3
107.2 105.4 104.2 104.2 105.5 105.0 105.6 105.8
1341.8 1310.2 1334.2 1321.0 1340.1 1339.4 1341.8 1339.2
106.5 108.7 107.8 107.3 108.3 108.0 108.5 108.5
443. 1
103.5

406.4
96.1

402.2
93.9

407.6
95.0

416.5
97.4

414.7
96.5

416.8
97.4

418.1
98.2

103.3
5.4

158.6
6.9

154.3
7.6

147.6
7.3

142.2
7.4

140.3
7.7

140.9
7.3

145.5
7.1 '

26,440 24,836 25,996 26,528
139.9 135.6 141.8 144.4

N. A.
N. A.

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

N.A.
N. A.

3,906
135.4

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

3,373
149.0

2,571
158.9

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




12

1,982
163.1

2,364
151.7

MISSOURI
PAYROLL EMPLOYMENT
PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1975

TOTAL PAYROLL EMPLOYMENT
NONMANUFACTURING
MANUFACTURING
TOTAL EMPLOYMENT
PERSONAL INCOME

NONMANUFACTURING EMPLOYMENT

MISSOURI
-0.9
+0.1
-3.9
-0.9
N.A.

U.S.
+0.1
+ 1.2
-3.1
+0.4
M.A.

116
114
112

TOTAL EMPLOYMENT

1971 -1 0 0
165

108

115

160

106

110

155

104

105

150

102

100

145

95

140

MANUFACTURING EMPLOYMENT

MISSOURI



U.S.

1971-100

1971-100

PERSONAL INCOME

120

110

1971-100

114

155

110

150

106

125

102
96

120

115

94

110

90

105

86

100
ALL DATA ARE SEASONALLY ADJUSTED

13

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TENNESSEE
1974
IV

1

It

1975

III

IV

OCT

1975
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

1735.9 1649.8 1695.0 1712.3 1733.4 1749.9 1739.4 1710.8
108.0 106.5 106.3 105.9 107.8 107.4 108.0 108.1
1573.2 1515.7 1527.6 1542.5 1569.1 1568.4 1569.2 1569.7
115.2 113.5 112.2 113.0 114.9 114.8 114.9 115.1
1073.1 1043.4 1060.3 1064.9 1080.8 1080.7 1081.4 1080.2
118.9 118.6 117.7 118.1 119.7 119.7 119.8 119.7
500.1
108.1

472.3
103.7

467.3
101.6

477.6
103.1

488.3
105.5

487.7
105.2

487.8
105.3

489.5
106.2

114.3
6.6

157.8
7.8

165.0
8.8

156.5
8.9

144.1
8.3

144.6
8.8

144.6
8.3

143.2
7.7

19,560 18,856 19,804 20,828
144.8 144.6 151.1 157.9

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

1,508
134.5

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

1,883
149.2

767
130.6

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




14

594
126.1

745
135.0

TENNESSEE
PERCENTAGE CHANCE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1975
TENNESSEE
TOTAL PAYROLL EMPLOYMENT
+1.2
NONMANUFACTURING
+1.2
MANUFACTURING
+1.0
TOTAL EMPLOYMENT
+0.6
PERSONAL INCOME
N.A.

NONMANUFACTURIN6 EMPLOYMENT

U.S.
+0.1
+1.2
-3.1
+0.4
N.A.

130
125
1971 -100
165

PERSONAL INCOME

160

160

155

155

150

J y
y

145

MANUFACTURING EMPLOYMENT

140

120
115

110




U.S.

UNEMPLOYMENT RATE

PERCENT

130

y ^
y

/ y
/ /

f

150
145
140
135
130
125

12

12

125

105

10

10

120

100

8

8

115

115

05

6

6

110

110

90

4

4

105

105

2

1.1111-I.L. 1111111l.l11 -M 1111II 1II 100
100 11l 11973
1974
1975

85

TENNESSEE

J

135
PERCENT

1971 -100
165

2

I I 1 1 1 1 1 11 11

1973

nil 1-1nil! -itl.u LiiJ 11
1974

1975

ALL DATA ARE SEASONALLY ADJUSTED

15

120

PREPARED 8Y FEDERAL RESERVE BANK OF ST. LOUIS

E I G H T CENTRAL M I S S I S S I P P I V A L L E Y
M E T R O P O L I T A N AREAS
1974
IV

1

II

III

IV

OCT

1975
NOV

DEC

107.2
109.9

105.7
107.9

104.1
107.3

105.0
108.1

105.6
109.0

105.5
108.9

105.7
108.9

105.7
109.2

109.0
111.4

109.9
110.9

108.4
110.7

108.9
111.6

109.4
112.3

109.5
112.3

109.5
112.3

109.4
112.4

102.5
105.6

95.0
99.5

93.1
97.8

95.0
98.2

96.0
99.6

95.5
99.6

96.2
99.6

96.3
100.2

5.9
6.6

7.3
8.4

8.2
8.9

8.3
8.4

8.5
8.4

8.6
8.6

8.4
8.3

8.5
8.3

103

103

103

103

104

104

104

104

157.7
162.8

154.6
161.3

154.3
157.8

154.2
156.0

152.4
157.2

152.2
156.4

152.8
157.3

152.2
157.9

128.8
138.8

129.7
139.8

133.3
141.4

134.8
142.5

137.8
144.6

135.8
143.5

138.1
145.4

139.5
144.8

179.4
189.0

188.6
185.5

191.1
185.2

192.2
192.4

193.0
N.A.

193.5
193.9

192.6
193.1

192.8
N.A.

1975

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

B A N K IN G 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. - NOT AVAILABLE
ALL INDEXES: 1971-100




16

E I G H T CE NT RA L M I S S I S S I P P I V A L L E Y
M E T R O P O L I T A N AREAS

TOTAL BANK LOANS

PAYROLL EMPLOYMENT

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1975
AREA
SUMMARY U.S.
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYNENTS *
* YEAR ENDING NOVEMBER

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE




U.S.

CHECK PAYMENTS

♦0.1
-3.3
♦3.9
♦ 1.7

1971-100
240
220

PERCENT

12
10
8
6

200

4

120
100

180
180
140

2
C.M.V. AREAS

1971-100

-0.9
-2.6
48.3
♦7.8

ALL DATA ARE SEASONALLY ADJUSTED

17

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ST

L O U I S , M I S S O U R I —I L L I N O I S
M E T R O P O L I T A N AREA
1974

III

IV

OCT

1975
NOV

DEC

892.9
99.3

894.2
99.6

907.7
100.6

907.3
100.6

907.9
100.6

907.9
100.8

648.2
104.1

656.6
103. 1

653.0
102.9

662.1
103.8

662.0
103.9

662.3
103.8

661.9
103.7

256.6
97.1

235.1
91.0

236.3
90.1

241.2
91.6

245.6
92.9

245.3
92.4

245.6
92.8

246.0
93.6

62.7
6.8

89.9
8.0

86.6
8.5

87.8
8.8

83.9
8.9

84.5
9.1

81.8
8.8

85.5
9.0

60

61

61

61

62

62

62

62

3,756
144.9

3,714
140.7

3,687
142.6

3,661
142.4

3,690
142.3

3,641
141.6

3,714
144.7

3,714
140.7

4,892
125.4

4,912
126.1

5,016
130.6

5,040
131.2

5,223
133.9

5,128
132.5

5,227
134.1

5,313
135.1

291.4
178.5

308.0
188.0

311.0
190.5

300.8
188.8

312.2
190.9

317.0
189.7

277.2
191.0

342.5
192.0

IV

1

II

914.2
101.4

883.2
100.2

657.6
103.1

1975

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

B A N K IN G 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 NONMEMBER BANKS.
N.A. - NOT AVAILABLE
ALL INDEXES: 1971-100




18

ST. LOUIS
MISSOURI-ILL INO IS
METROPOLITAN AREA
PAYROLL EMPLOYMENT

TOTAL BANK LOANS

100
210
200

PERCENTA6E CHANCE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1975

190
180
170
160
150
140
130
120

ST. LOUIS

U.S.

-0.3
-2.0
♦7.7
♦7.4

♦0.1
-3.3
♦3.9
♦ 1.7

TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS *
* YEAR END INC NOVEMBER

110
100
1973

1974

1973

1975

1974

1975

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE




1975

90

1971-100

CHECK PAYMENTS

1971-100
240
220

PERCENT
12

200

10

180

8

160

6

140

4

120
100

2
ALL DATA ARE SEASONALLY ADJUSTED

19

PREPARED BY FEDERAL RESERVE BANK OF S T . LO UIS

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
1974
IV

1

II

III

IV

OCT

1975
NOV

DEC

363.5
109.6

352.9
108.5

352.5
106.2

359.1
108.1

354.3
106.9

351.3
106.3

356.8
107.1

354.9
107.1

251.6
112.2

245.9
112.6

250.3
111.4

254. 1
112.7

250.6
111.6

250.7
112.1

251.3
111.7

249.7
111.5

112.0
104.3

107.0
99.9

102.2
95.3

105.0
98.5

103.8
96.6

100.6
94.4

105.5
97.6

105.2
97.8

20.3
5.7

24. 1
5.7

33.6
8.6

33.8
8.5

32.2
9.0

33.4
9.2

30.0
6.5

33.3
9.2

8

8

7

7

7

7

7

7

1,641
180.2

1,924
186.5

1,755
174.7

1,676
169.4

1,696
166.0

1,634
165.3

1,677
164.9

1,775
167.7

2,057
137.9

2,062
138.5

2,058
138.4

2,058
140.1

2,159
144.8

2,072
140.8

2,148
144.3

2,258
149.3

58.2
177.4

58.3
183.6

60.4
188. 1

62.0
192.9

64.7
197.3

64.3
198.7

60.0
195.8

69.8
197.4

1975

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

B A N K IN G 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 i BANKS.

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




20

LO U IS V ILLE
KENTUCKY-INDIANA
M E T R O P O L I T A N AREA
1971-100

PAYROLL EMPLOYMENT

1971-100

TOTAL BANK LOANS

PERCENTA9E CHANCE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1975

TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS X
X YEAR ENDING NOVEMBER

1973

1974

UNEMPLOYMENT RATE




U.S.

-2.7
-7.9
*7.6
*10.9

4-0.1
-3.3
4-3.9
+ 1.7

1971-100

CHECK PAYMENTS

1971-100
240
220

PERCENT
12

200

10

ISO

8

160

6

140

4

120
100

2

LOUISVILLE

U.S.

1975

TOTAL BANK DEPOSITS
PERCENT

LOUISVILLE

ALL DATA ARE SEASONALLY ADJUSTED

21

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

M E M P H I S , TENNESSE E- ARK AN SA 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
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

B A N K IN G 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

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




22

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

TOTAL BANK LOANS

220

1971- 100
220

210

210

200

200

190

100

180

180

170

170

1971 -100

160

160

'

y

150

150

140
130

1973

1974

1975

V

130

/

120

120

110
100

110
■LI 1 11.] 1 l l 11

1973

X-Ll I I

Lllll-l

1974

l . x l l l l 1.1111,

1975

TOTAL BANK DEPOSITS
PERCENT

UNEMPLOYMENT RATE

MEMPHIS



U.S.

140

PERCENTA6E CHANCE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1975
MEMPHIS

U.S.

0.0

♦0.1
-3.3
♦3.9
♦ 1.7

TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS IN
* YEAR ENDING NOVEMBER

-

-8.7
♦3.4
♦2.7

100

1971-100

CHECK PAYMENTS

1971-100
275
250

PERCENT

12

225

10

200

8

175

6

150

4

125

2

100
ALL DATA ARE SEASONALLY ADJUSTED

23

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

LITTLE

ROCK,

NORTH L I T T L E ROCK,
M E T R O P O L I T A N AREA
1974
IV

1

II

155.7
120.8

149.6
118.4

126.3
124.4

ARKANSAS

III

IV

OCT

1975
NOV

DEC

150.0
115.9

150.8
115.7

151.7
117.7

152.3
117.6

151.6
117.7

151.1
117.7

122.6
123.5

123.4
1.21.0

123.6
120.2

124.7
122.8

124.9
122.5

124.4
122.7

124.8
123.2

29.4
107.5

27.0
99.6

26.5
96.9

27.3
98.9

27.0
98.6

27.4
99.1

27.2
99.4

26.3
97.3

7.3
4.6

11.3
6.6

12.4
7.8

10.4
6.5

10.3
6.6

9.5
6.5

10.9
7.3

10.6
5.9

7

7

7

7

7

7

7

7

711
182.5

728
185.6

764
194.0

776
203.3

789
202.8

766
198.9

801
204.7

802
204.7

831
142.4

857
147.0

898
154.6

905
158.0

948
162.6

923
159.5

945
161.6

977
166.7

21.8
188.2

22.8
201.8

24.5
210.9

23.5
207.6

25.2
214.0

28.1
212.8

21.8
217.7

25.8
211.4

1975

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

BA NK I N G 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




24

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

TOTAL BANK LOANS

1071 -1 0 0
230

1071- 100
230

220

220

210

210

200
190
180

J

170

a

160

J

t

y

/V

190
180
170

/

160

150

150

140

140

130

130

110

I I

1 1 1 1 1 1 1 1 1

1973

I. 1 1 » L I .A .I 1 1 1

1 1 1 1 1 1 1 1 1 11

1974

1975

TOTAL BANK DEPOSITS
UNEMPLOYMENT RATE

LITTLE ROCK
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS *
« YEAR ENDING NOVEMBER

-1.4
+11.4
+16.4
+15.5

U.S.
+0* 1
-3.3
♦3.9
♦ 1.7

120

120

PERCENT

200

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1975

110

CHECK PAYMENTS

PERCENT
10

8

6
4
2

0
LITTLE ROCK




U.S.

ALL OATA ARE SEASONALLY ADJUSTED

25

PREPARED BY FEDERAL RESERVE BANK OF ST. LODI5

E V A N S V IL L E , INDIANA-KENTUCKY
M E T R O P O L I T A N AREA
1974
IV

1

II

109.4
109.7

103.1
103.6

70.3
109.6

III

IV

OCT

1975
NOV

DEC

103.9
103.5

105.9
104.9

105.2
105.3

105.8
105.9

105.4
105.6

104.4
104.5

68.8
109.1

69.2
108.1

70.7
109.5

70.5
110.0

70.6
110.2

70.5
110.0

70.5
109.6

39.1
109.9

34.3
94.0

34.7
95.4

35.2
96.6

34.7
97.1

35.2
98.4

34.9
97.8

33.9
95.2

5.6
4.6

11.1
8.0

10.2
8.4

8.4
7.4

8.5
7.1

8.4
7.2

6.2
7.0

8.8
7.1

9

9

9

9

9

9

9

9

459
163.8

451
162.5

435
156.4

442
160.9

454
162.2

443
160.7

456
162.3

464
163.7

587
143.0

590
143.1

616
150.9

628
155.7

651
158.6

630
156.5

652
158.7

670
160.5

10.1
166.7

10.0
168.9

9.8
163.2

9.9
161.4

10.4
173.1

10.6
170.0

9.5
172.1

11.2
177.1

1975

MANPOWER U T I L I Z A T I O N
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
NONMANUFACTURIN6 EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING 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
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




26

EVANSVILLE
IND IANA -K ENTU CKY
M E T R O P O L I T A N AREA
TOTAL BANK LOANS

PAYROLL EMPLOYMENT

PERCENTA6E CHANCE
SEASONALLY ADJUSTED INDEX
YEAR END INC
DECEMBER 1975

TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS IK
IK YEAR ENDING NOVEMBER

1973

1974

UNEMPLOYMENT RATE

U.S.

-3.4
-1.3
♦ 11.0
♦2.7

♦0.1
-3.3
♦3.9
♦ 1.7

1975

TOTAL BANK DEPOSITS
PERCENT

EVANSVILLE

1971-100

CHECK PAYMENTS

1971-100
240
220

PERCENT
12

200

10
6
6

180
160
140

120
100
EVANSVILLE




U.S.

ALL DATA ARC SEASONALLY AOJUSTED

27

PREPARED SY FEDERAL RESERVE SANK OF ST. LOUIS

S P R IN G F IE L D MISSOURI
M E T R O P O L I T A N AREA
1974
IV

1

II

72.5
116.7

69.6
114.7

53.5
118.0

III

IV

OCT

1975
NOV

DEC

70.1
113.4

70.2
113.7

71.5
115.1

71.9
115.2

71.3
114.7

71.3
115.3

52.4
119.0

53.4
116.2

52.8
117.7

54.3
119.8

54.2
119.0

54.4
119.9

54.3
120.4

19.0
113.4

17.1
103.2

16.8
100.5

17.4
103.0

17.2
102.5

17.7
105.0

16.9
100.8

17.0
101.7

3.4
4.2

5.9
5.4

5.8
6.6

4.8
6.0

4.5
5.4

4.4
5.6

4.6
5.6

4.4
4.9

4

4

4

4

4

4

4

4

166
174.7

171
180.8

176
182.9

181
187.1

186
193.5

186
192.2

185
194.4

187
193.8

218
144.8

219
148.3

225
150.6

226
151.6

238
158.1

234
155.8

236
157.9

243
160.7

7.4
145.4

7.3
146.7

7.9
155.0

8.6
163.3

9.5
180.9

8.2
10.0
174.6 184.5

10.2
183.6

1975

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

B A N K IN G 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




28

SPRIN G FIELD
MISSOURI
M E T R O P O L I T A N AREA
PAYROLL EMPLOYMENT

1971-100

TOTAL BANK LOANS

1971-100
PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1975
SPRINGFIELD
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS *
IK YEAR ENDING NOVEMBER

1973
1973

1974

1975

1974

-0.0
+ 11.6
+9.1
+26.7

U.S.
♦0.1
-3.3
♦3.9
♦ 1.7

1975

TOTAL BANK DEPOSITS
CHECK PAYMENTS

PERCENT

UNEMPLOYMENT RATE

PERCENT
10

SPRINGFIELD



U.S.

ALL DATA ARE SEASONALLY ADJUSTEO

29

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

FORT S M I T H , ARKANSAS-OKLAHOMA
M E T R O P O L I T A N AREA
III

IV

OCT

1975
NOV

DEC

52.8
108.4

55.6
113.4

56.0
116.0

56.5
116.5

55.8
115.4

55.8
116.2

34.1
113.2

34.5
111.6

35.3
113.6

35.9
116.3

36.1
116.8

35.7
115.8

35.8
116.2

21.3
121.9

17.6
102.6

18.3
102.7

20.3
112.9

20.2
115.6

20.4
115.8

20.1
114.8

20.0
116.1

4.4
6.0

8.1
10.0

7.3
10.7

5.6
8.4

6.2
8.3

5.8
8.2

6.1
8.5

6.6
6.3

3

3

3

3

3

3

3

3

160
147.7

161
151.1

170
157.9

175
160.5

176
162.1

175
162.4

175
161.9

177
161.9

220
135.1

221
137.8

235
145.5

249
153.1

262
160.5

260
160.3

261
159.9

264
161.3

4.4
143.6

4 •3
144.5

4.6
149.7

5.0
156.1

5.0
162.1

5*2
162.6

4.5
161.5

5.3
162.2

1974
IV

1

II

56.4
116.8

51.7
109.3

35.2
114.0

1975

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

B A N K IN G 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




30

FO RT S M I T H
AR KA NS AS -O KL AH OM A
M E T R O P O L I T A N AREA
1971 -100

PAYROLL EMPLOYMENT

122
120

TOTAL BANK LOANS

1971-

PERCENTAGE CHANCE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1975

118
116
114
1 12

------ -

110

-

108

\{

PORT SMITH

J

TOTAL PAYROLLEMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS X
* YEAR ENDING NOVEMBER

XT

106
104

+0.6
+10.3
+18.8
+13.5

U.S.
+0.1
-3.3
+3.9
+1.7

102

100
98

Lli t-l.1.1ill! llhlllllll
1978
1974

m

1l i Im I.ii.
1975

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE

CHECK PAYMENTS

PERCENT
12
10

8

6
4
2

FORT SMITH




U.S.

ALL DATA ARE SEASONALLY ADJUSTED

31

PREPARED BY FEDERAL RESERVE SANK OF ST. LOUIS

P I N E BLUFF ARKANSAS
M E T R O P O L I T A N AREA
1974
IV

1

II

27.1
109.7

26.4
108.8

20.8
108.8

III

IV

OCT

1975
NOV

DEC

25.4
104.6

25.0
102.0

25.8
104.7

26.0
104.6

25.8
104.8

25.7
104.5

20.2
108.3

19.6
105.2

19.4
103.3

20.4
106.7

20.5
106.7

20.4
106.9

20.2
106.6

6.3
112.7

6.2
110.5

5.8
102.5

5.6
97.6

5.5
97.9

5.5
98.3

5.5
98.0

5.5
97.4

1.7
5.6

2.4
6.7

2.9
8.7

3.0
9.3

2.7
9.1

2.8
9.4

2.8
9.3

2.6
8.5

4

4

4

4

4

4

4

4

169
168.1

169
166.1

169
170.3

166
173.8

172
171.3

164
170.5

172
168.9

181
174.4

224
146.4

222
146.9

220
149.1

225
155.1

242
158.1

237
156.5

241
156.6

248
159.3

3.3
161.3

3.2
193.7

3.1
193.5

3.5
214.9

3.8
182.2

4.2
186.6

3.4
165.8

3.9
174.3

1975

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

B A N K IN G 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 1 BANKS.

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




32

P IN E BLUFF
ARKANSAS
M E T R O P O L I T A N AREA
1971-100

PAYROLL EMPLOYMENT

TOTAL BANK LOANS

1971-

122

120

PERCENTA6E CHANCE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1975

116
116
114
112

\\ ^
V
\\r
r*

110
106

106

/<r

104

TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS *
* YEAR ENDING NOVEMBER

PINE BLUFF

U.S.

-4.4
*4.9
*8.8
*14.5

+0.1
-3.3
+3.9
+ 1.7

V

102

100
96

■JJ.Lj-I 1 i i 1 i i i iJ i.i 1 1 11.11. i.il 11 Ij

1973

i

I i i.

1975

1974

1973

1974

1975

TOTAL BANK DEPOSITS
PERCENT

UNEMPLOYMENT RATE

CHECK PAYMENTS

PERCENT
12
10

6
6

4
1973
PINE BLUFF



1975

1974

U.S.

2

1973

1974

1975

ALL DATA ARE SEASONALLY ADJUSTED

33

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

CHECK

PAYMENTS

IN

TEN

M E D IU M -S IZE

1975

1/

SEASONALLY ADJUSTED INDEX
1971 = 100

MILLIUNS OE DOLLARS
DEC

C IT IE S

DEC

1975

NOV

1975

OCT

2/

1975

DEC

1974

552.1

587.8

529.5

476.6

HELENA, AKK.

162.6

157.9

165.6

157.3

TEXARKANA SMSA, ARK.

167.2

166.3

163.8

141.9

171.5

177.2

174.3

156.2

166.1

163.7

161.3

151.4

EL DORADO*

QUINCY,

ARK.

ILL.

$

575

Zv

v

DWENStORO, KY.
PADUCAH, KY.

17*r

179.4

171.9

170.9

161.3

GREENVILLE, MISS.

139

142.9

141.9

147.9

153.0

CAPE GIRARDEAU, MO.

137

199.7

201.7

203.2

174.0

164.0

168.1

172.8

167.9

179.5

175.8

172.0

160.8

HANNIBAL,

ML.

JACKSON,

TPNN.

178

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




EXCEPT INTERBANK AND U.S. GOVERNMENT ACCOUNTS,

(EXCEPT LATEST M O N T H , WHICH IS A TWO-MONTH AVERAGE).

34

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