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SELECTED ECONOMIC INDICATORS
CENTRAL MISSISSIPPI VALLEY
o

o

4TH QUARTER 1976
STATE ACTIVITY

S U M M A R Y D IS C U S S IO N p o g e 3

METROPOLITAN AREA ACTIVITY

page

page

page

SUMMARY

4

SUMMARY

16 E V A N S V IL L E

26

ARKANSAS

6

ST. LOUIS

18 S P R IN G FIE LD , M O

28

KEN TU C K Y

8

LOUISVILLE

2 0 FORT S M ITH

30

MISSISSIPPI

10

MEM PHIS

2 2 P IN E BLUFF

32

M IS S O U R I

12

LITTLE R O C K

24

TENNESSEE

14




CHECK PAYMENTS 10 OTHER CITIES
p a g e 34

P re p a re d by F e d e ra l R es e rve B a n k of St. Louis
Released: Fe b ru a ry 15, 1 9 7 7

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 increased somewhat in the Central
Mississippi Valley (CMV) in the fourth quarter of 1976,
although growth of employment for the year (fourth quar­
ter 1975 to fourth quarter 1976) was significantly slower
than that for the nation,* In 1976 total employment
increased 1 percent in the CMV states, remained virtually
unchanged in the CMV cities, and increased 3.3 percent in
the U.S.

Labor Market Measures
Change from Fourth Quarter 1975 to Fourth Quarter 1976
Total
Employment
(Percent Change)

Total Civilian
Labor Force
(Percent Change)

Unemployment
Rate
(Decline)

United States

+ 3.3 %

+ 2.8 %

— 0.5 %

Also showing a significantly different pattern
was the movement of the civilian labor force in the CMV
relative to that of the nation.
The total civilian
labor force in the CMV states and cities declined in
1976 while it increased substantially in the U.S. (see
table). As a result, the unemployment rates in the CMV
states and cities have declined more than the U.S. as a
whole despite the slow employment growth. The unemploy­
ment rate for the CMV states stood at 5.9 percent in the
fourth quarter, down 1.4 percent from a year earlier.
In
comparison, the U.S. unemployment rate was 8 percent in
the fourth quarter, down only one-half percent from a
year earlier. The slow recovery in the CMV probably dis­
couraged some persons from entering the labor force,
while out-migration into faster-growing job markets has
also probably occurred.

Arkansas
Kentucky
Mississippi
Missouri
Tennessee

+ 2.9
+ 2.2
+ 2.1
0
+ 0.1

+ 1.4
+ 0.3
+ 2.1
2.0
- 1.2

1.3
1.8
0
- 1.9
- 1.3

State Summary

+ 1.1

0.4

- 1.4

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

_

—

+
+
-

2.2
2.7
4.4
0.3
1.2
1.4
3.0
0.6

Some other economic measures show a more
favorable pattern in the area than the employment data.
Personal income in the CMV states increased 9.6 percent
in the year ending third quarter 1976, approximately the
same as for the U.S. Farm cash receipts in the CMV
states increased 15 percent in this same period, compared
with no increase for the U.S. In addition, check pay­
ments, a proxy measure for spending, increased 22.5
percent in the CMV cities in 1976 compared with 8 percent
in 1975. In the nation check payments rose 19 percent in
the first three quarters of 1976 compared with 2.6
percent in 1975.

SMSA Summary

—

2.1

—

*

Substantial revisions in employment and labor force
data are expected for some states and cities.




3

-

+
+
+
+
+
—

0.4
0.7
2.9
1.7
1.0
3.5
3.9
1.0
0.3

-

+
-

-

1.7
1.9
- 1.5
1.4
2.2
- 1.9
- 0.7
1.5
-

1.7

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

V A L L E Y STATE SUMMARY

1975
IV

1

II

III

IV

OCT

1976
NOV

DEC

106.2
107.8

108.1
109.2

107.5
110.7

106.9
1 1 1. 1

107.3
111.4

106.9
111.0

107.3
111.4

107.7
111.7

H 0 .9
109.0

111.7
110.1

111.1
111.0

110.8
111.4

111.6
111.9

111.1
111.6

111.6
111.9

112.1
112.3

114.5
112.3

115.3
113.2

114.3
113.8

1 1 4. 1
114.7

115.5
115.3

115.1
115.1

115.4
115.1

115.9
115.7

1 0 2 .1
99.8

102.9
101.3

103.5
102.3

102.8
102.3

102.4
102.5

101.6
101.6

102.6
102.9

103.1
102.9

7.3
8 .5

6 .3
7 .6

6 .0
7 .4

6.1
7.8

5.9
8 .0

6.1
7 .9

5.9
8.1

5.7
7 .9

154.7
151.3

162.1
155.0

165.2
158.5

170.0
161.3

N .A .
165.5

163.8
163.5

N.A.
165.5

N.A.
167.7

156.5
177.7

169.6
176.4

215.4
198.9

183.5
1 8 3 .1

N.A.
N.A.

154.5
163.4

185.9
163.2

N.A.
N.A.

1976

MANPOWER U T I L I Z A T I O N
TOTAL EMPLOYMENT IND EX
C . M . V . STATES
UNITED STATES
PAYROLL EMPLOYMENT IND EX
C . M . V . STATES
UNITED STATES
NONMANUFACTURING EMPLOYMENT IN DE X
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
R E C E I P T S IND EX
STATES
STATES

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




4

CENTRAL M I S S I S S I P P I
V A L L E Y STATE SUMMARY
PERCENTA6E CHANCE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1976
IJmmary

1974

1975

TOTAL PAYROLL EMPLOYMENT
NONMANUFACTURING
NANUFACTURING
TOTAL ENPLOYMENT
PERSONAL INCONE BE
* YEAR ENDING OCTOBER

1976

NONMANUFACTURING EMPLOYMENT
130

♦1.1
♦1.2
♦0.9
♦1.2
♦5.6

U.S.
♦2.9
♦2.9
+2.7
♦3.5
♦8.8

125

MANUFACTURING EMPLOYMENT
120
115

PERCENT

UNEMPLOYMENT RATE

percent

110
105

100
95
90
85
C.M.V. STATES



- U.S

ALL DATA ARE SEASONALLY ADJUSTED

5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ARKANSAS
1975
IV

1

II

III

IV

OCT

1976
NOV

DEC

774.8
110.2

761.1
1 1 2 .1

805.0
112.3

811.2
111.3

797.0
113.3

819.3
112.9

797.5
113.3

774.1
113.8

631.9
114.7

630.4
117.1

643.6
117.1

643.7
115.7

651.5
1 1 8 .1

653.6
117.6

649.0
117.9

651.9
116.9

451.9
119.3

448.5
121.0

454.9
120.2

453.7
118.7

463.1
122.2

463.4
121.6

461.6
122.0

464.4
123.0

180.2
104.4

181.9
106.4

188.7
110.1

1 9 0. 1
108.9

188.4
1 0 9 .1

190.2
108.7

187.4
108.8

187.5
109.9

57.4
7 .3

60.4
6.1

50.8
6 .0

47.5
6.3

47.5
6.0

44.2
6.1

48.3
6 .0

49.9
5 .8

10,860
156.8

9,676
177.0

10,164
184.3

10,916
189.8

N. A.
N. A.

11,832
168.3

N. A.
N. A.

N. A.
N. A.

4,243
179.9

1,826
236.0

1,976
256.7

1,793
210.9

N. A.
N. A.

4,341
164.7

5,020
163.2

N. A.
N.A.

1976

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
PAYROLL EMPLOYMENT
PERCENTA6E CHANCE
SEASONALLY ADJUSTED INDEX
YEAR END INC
DECENBER 1976

TOTAL PAYROLL ENPLOYNENT
NONNANUFACTUR1NC
NANUFACTURING
TOTAL ENPLOYNENT
PERSONAL INCOME *
X YEAR ENDING OCTOBER

NONMANUFACTURIN6 EMPLOYMENT
135

ARKANSAS U.S.
*3.5
+2.9
*2.9
*2.9
*5.1
*2.7

♦3•3
♦0.1

*3• 5
♦S.S

130

125
120
115

110
105
100
MANUFACTURING EMPLOYMENT
140
130

120
110
100
90
80
70

ARKANSAS



U.S.

ALL OATA ARE SEASONALLY ADJUSTED

7

PREPARED BY FEDERAL RESERVE BARK OF ST. LOUIS

KENTUCKY
1975
IV

1976
1

II

III

IV

OCT

1976
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

1322.3
109.4

1286.9
111.5

1326.8
110.6

1353.7
111.0

1053.9
112.0

1046.1
114.6

1063.3
114.1

799.0
116.3

789.6
118.6

254.9
100.2

1371.0
111.9

1353.1
111.7

1331.4
112.0

1068.6
113.9

1351.8
111.9
*
1078.9
114.6

1075.6
114.4

1081.7
114.8

1079.3
114.6

802.3
117.5

804.9
117.4

816.4
118.6

816.7
119.1

818.6
119.0

614.0
118.4

256.5
103.6

261.1
104.9

263.7
104.5

262.4
103.2

258.9
101.8

263.1
103.6

265.3
104.2

100.7
7 .5

107.8
6 .8

84.6
6.1

81.2
6.1

77.1
5.7

74.3
5 .9

77.4
5.8

79.6
5 .5

17,584
156.7

17,172
161.7

17,368
164.6

18,228
171.7

N. A.
N. A.

18,240
165.8

N. A.
N. A.

N. A.
N. A.

2,376
143.2

1,692
176.7

1,059
207.8

1,174
188.4

N. A.
N. A.

2,006
157.3

2,796
168.5

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

KENTUCKY
PAYROLL EMPLOYMENT

100

130

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1976

125

120
115

no
TOTAL PAYROLL EMPLOYMENT
NONMANUFACTUR1N6
MANUFACTURING
TOTAL EMPLOYMENT
PERSONAL INCOME *
* YEAR ENDING OCTOBER

105

100
95

NONMANUFACTURING EMPLOYMENT
130

KENTUCKY
42.4
42.1
43.4
42.3
44.9

U.S.
42.9
42.9
42.7
43.5
48.8

125
00

MANUFACTURING EMPLOYMENT

KENTUCKY



U.S

1971-100

PERSONAL

INCOME

100

25

185

20

ISO

15

175

10

170

05

165

00

160

125

155

120

150

115

145

110

140

105

135

100

130

95

125

90

120
ALL DATA ARE SEASONALLY ADJUSTED

9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

M IS S IS S IP P I
1975
IV

1

II

III

IV

OCT

1976
NOV

DEC

847.6
108.4

831.2
109.9

861.0
1 1 0 .1

874.1
110.2

865.5
110.7

884.2
110.3

861.6
110.7

850.8
111.1

682.7
114.0

676.1
115.6

684.8
115.5

685.3
114.9

691.7
115.5

690.7
115.0

690.8
115.4

693.7
1 1 6. 1

476.6
116.6

471.2
118.2

475.2
117.4

476.6
117.6

484.1
118.4

482.8
118.0

483.3
118.3

486.3
119.0

206.1
108.4

204.9
110.0

209.6
111.3

208.8
10 9.1

207.6
109.2

207.9
108.7

207.6
109.2

207.4
109.9

49.8
6.1

55.1
5.7

51.4
5.4

52.6
6.0

50.9
6.1

50.5
6.3

50.0
6 .0

52.1
6.0

10,668
1 5 9 .1

10,324
170.5

10,468
174.9

10,364
169.5

N .A .
N .A .

11,004
163.9

N.A .
N.A .

N.A.
N.A.

2,411
132.4

1,492
178.9

1,167
196.5

1,047
164.3

N .A .
N .A .

2,888
163.6

3,397
159.9

N.A.
N.A.

1976

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
MIL LIONS 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 INDEXESs 1971-100




10

MISSISSIPPI
PAYROLL EyPLOYMENT
PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1976
MISSISSIPPI
TOTAL PAYROLL EMPLOYMENT
♦1.3
41.6
NONMANUFACTUR1N6
40.5
MANUFACTURING
41.7
TOTAL EMPLOYMENT
45.6
PERSONAL INCOME *
* YEAR ENDING OCTOBER

NONMANUFACTURING EMPLOYMENT
135

U.S.
+2.9
42.9
42.7
43.5
48.8

130
1971 -1 0 0
185

PERSONAL

INCOME

1971- •100
165
180

180

A

175
170

120

155




U.S.

PERCENT

UNEMPLOYMENT RATE

PERCENT

150

f

/

V
s

165
160
155

/

( /

150

115

12

12

145

110

10

10

140

140

105

8

8

135

135

100

6

6

130

130

95

4

4

125

125

2

i.111111 1 1 1 n 1 11 11«- 1 i l l 1111111
120 ■J i l i 1974
1975
1976

120

90

MISSISSIPPI

.

160
125

170

/

165

MANUFACTURING EMPLOYMENT

175

A

2

-U

1974

1-1 l Lm 1 1 1
1975

1 1 111 1 II 1 II

1976

ALL DATA ARE SEASONALLY ADJUSTED

145

PREPARED 6Y FEDERAL RESERVE BANK OF ST. LOUIS

MISSOURI
1975
IV

1976
I

IV

1976
NOV

It

III

1911.3
104.5

1973.8
103.6

1956.5
102.5

1944.0
102.7

1960.1
102.2

1940.9
102.8

1931.0
103.1

1749.9 1722.9
104.9
105.8

1752.5
105.4

1746.2
105.2

1769.2
1 0 6. 1

1765.4
105.6

1773.1
106.2

1769.2
106.4

1336.5
108.0

1312.3
108.6

1336.7
1 0 8 .1

1326.8
107.8

1349.4
1 0 9 .1

1349.2
108.8

1350.1
109.1

1348.9
109.4

413.4
95.9

410.6
97.5

415.7
97.6

419.4
97.7

419.8
97.4

416.2
96.3

423.0
96.0

420.3
97.8

134.2
7.0

136.3
5.8

108.3
5.3

1 0 3 .1
5 .3

96.5
5.1

92.4
5.2

93.5
5 .0

103.7
5 .2

27,600
147.0

27,768
152.5

28,604 29,660
155.9
160.8

N. A.
N. A.

30,060
157.2

N.A.
N.A.

N.A.
N.A.

3,253
146.5

2,217
143.8

N.A.
N.A.

3,554
126.3

3,879
164.8

N .A .
N.A.

OCT

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

1944.0
102.7

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

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




12

2,655
215.1

2,808
180.9

MISSOURI
PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1976

TOTAL PAYROLL EMPLOYMENT
NONMANUFACTURING
MANUFACTURING
TOTAL EMPLOYMENT
PERSONAL INCOME *
* YEAR ENDING OCTOBER

NONMANUFACTURING EMPLOYMENT
118

MISSOURI
+2.0
+1.7
+2.9
+0.4
+7.9

U.S.
+2.9
+2.9
♦2.7
+3.5
+8.8

116
114

TOTAL EMPLOYMENT




U.S.

INCOME

1971-100
175

110

170

108

165

106

160

104

155

MANUFACTURING EMPLOYMENT

MISSOURI

PERSONAL

112

1971-100

1971-100

1971-100

150
114

145

110

140

106

135

102

130

98

125

94

120

90

115

86

110
ALL DATA ARE SEASONALLY ADJUSTED

13

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TENNESSEE
1975
IV

1976
1

II

III

IV

OCT

1976
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

1686.0
104.9

1657.0
107.3

1699.3
106.5

1710.1
105.5

1687.8
105.0

1698.7
104.4

1690.0
105.0

1674.8
105.7

1568.3
114.5

1508.1
113.0

1518.5 1519.3
111.9
111.3

1533.3
112.0

1529.8
111.4

1532.1
111.8

1537.9
112.7

1080.4
119.4

1040.6
118.2

1047.4
116.6

1047.5
116.4

1063.6
117.5

1061.1
117.0

1063.4
117.4

1066.4
118.2

487.9
105.1

467.3
102.9

471.0
102.9

471.7
101.5

469.6
101.2

468.7
100.5

468.7
100.9

471.5
102.1

135.0
8.1

139.9
6 .8

126.4
6 .9

119.6
7.0

112.5
6.8

112.9
7 .3

111.8
6.8

112.9
6 .3

21,780
160.9

21,436
165.3

21 ,764 22,952
166.6
172.9

N. A.
N. A.

22,812
169.1

N. A.
N. A.

N. A.
N. A.

1,844
142.0

991
174.9

N. A.
N. A.

1,791
159.3

2,742
179.4

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
MIL LIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

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




14

94 5
206.3

981
177.3

TENNESSEE
PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1976
TENNESSEE
TOTAL PAYROLL EMPLOYMENT
-1.8
NONMANUFACTURING
-1.1
MANUFACTURING
-3.4
TOTAL EMPLOYMENT
-0.1
PERSONAL INCOME *
45.7
* YEAR ENDING OCTOBER

NONMANUFACTURING EMPLOYMENT
135

U.S.
42.9
42.9
42.7
43.5
48.8

130

PERSONAL

1971 -100
185

INCOME

1971 -1 0 0
185

180

180

A

K
,J/

175
170
165

MANUFACTURING EMPLOYMENT

160

120
115

TENNESSEE



U.S.

>

PERCENT

UNEMPLOYMENT RATE

PERCENT

175
170
165
160

155

155

150

150

110

12

12

145

145

105

10

10

140

140

100

8

8

135

95

6

6

130

90

4

4

125

85

2

2

120

A

1 1 i . l l x i 11 1

1974

1975

11 1 II 11 1 1 1J

1976

ALL DATA ARE SEASONALLY ADJUSTED

15

135

/

130
125

1 l l

1 1

1 1 1 1 I I

1974

1 1 1 1 1 1 1 1 1 11.

1975

11

h

1 1 1 1 1 11

1976

120

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 A L L E Y
M E T R O P O L I T A N AREAS
1975
IV

1

II

1976
III

IV

OCT

1976
NOV

DEC

106.4
110.1

105.6
111.0

105.5
111.4

105.9
111.9

105.6
111.6

106.2
111.9

105.8
112.3

110.4
113.2

109.4
113.8

109.5
114.7

110.0
115.3

109.9
115.1

110.1
115.1

110.0
115.7

96.4
101.3

96.2
102.3

95.5
102.3

95.4
102.5

94.7
101.8

96.4
102.9

95.0
102.9

7.1
7.6

6.6
7.4

6.7
7.8

6.5
8.0

6 .6
7.9

6 .4
8.1

6.6
7.9

104

104

107

108

107

108

108

107

152.3
157.0

153.6
157.5

157.3
157.1

161.6
158.4

170.0
163.7

168.5
162.0

169.4
163.3

172.0
165.8

137.7
144.5

139.3
145.6

139.8
148.6

142.7
148.2

145.5
151.2

144.8
149.9

144.7
151.5

147.0
152.3

193.7
194.0

203.5
203.7

209.0
209.9

221.9
221.1

237.2
N .A .

233.4
222.4

237.6
221.0

240.7
N.A .

MANPOWER U T I L I Z A T I O N
PAYROLL EMPLOYMENT IND EX
105.3
C . M . V . AREAS
UNITED STATES
109.0
NONMANUFACTURING EMPLOYMENT IND EX
C . M . V . AREAS
109.6
112.3
UNITED STATES
MANUFACTURING EMPLOYMENT IND EX
94.3
C . M . V . AREAS
UNITED STATES
99.8
UNEMPLOYMENT RATE
C . M . V . AREAS
8 .2
8 .5
UNITED STATES

B A N K IN G A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS IND EX
C . M . V . AREAS
UNITED STATES
MEMBER BANK D E P O S I T S INDEX
C . M . V . AREAS
UNITED STATES
CHECK PAYMENTS I N D E X *
C . M . V . AREAS
UNITED STATES
*

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

-

NOT A V A I L A B L E

INDEXES:




1971-100

16

E I G H T CE N TR A 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

PAYROLL EMPLOYMENT

TOTAL BANK LOANS
1971 -100

1971-100

220

1974

1975

1976

220

21 0

210

200

200

190

190

180

180

170

170

160

160

150

150

140

140

130

130

120

120

110

110

100

1 »1.1,1-Li 1 i l l 11 1l.l-Ll 11J.L. ■I i . l l i U JJLLL. 100
1976
1975
1974
TOTAL BANK D E P O S I T S

PERCENT

UNEMPLOYMENT RATE




1976

U.S.

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1976
AREA
SUMMARY U.S.
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS X
X YEAR ENDING NOVEMBER

♦0.4
♦ 12.9
♦5.5
♦23.4

CHECK PAYMENTS

♦2.9
♦5.2
♦5.3
♦13.9

180

1971-100
260

170

240

12

160

220

10

150

200

8

140

6

130

4

120

PERCENT

2

110

^

________^

^

1971-100

180
160
140

• i 1 • 1 1l • 1 1f l l 1l l 1 I i 1 i i i i I 111 i • i n
1974
1975
1976
ALL DATA ARE SEASONALLY ADJUSTED

17

120
PREPARED BY FEDERAL RESERVE SANK OF ST. LOUIS

ST.

L O U I S , M 1SSOURI —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
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 D E P O S I T S
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
BIL LI ON S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

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




18

S T. LO UIS
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

TO TAL BANK LOANS
1971-100

1971-100
220

220

210

210

200

200

190

190

180

180

170

170

_______ >s

160

'

160

150

150

140

140

130

130

120

120

110

110

PERCENTA6E CHANCE
SEASONALLY ADJUSTED INDEX
YEAR END INC
DECEMBER 1976
ST. LOUIS
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS *
* YEAR ENDING NOVEMBER

♦0.1
♦11.1
♦3.5
♦27.9

U.S.
♦2.9
♦5.2
♦5.3
♦13.9

100 t i l l l_l. 11111 -1 11 1 l Ll I 111 »L i . , l u l u . . 100
1974

1975

1976

TOTAL BANK D E P O S IT S

1971-100

CHECK PAYMENTS

1971-100

170

UNEMPLOYMENT RATE




160
150
140

^

—

130

120
110
1976

100 i-i-L i-i 111111
1974

11 1J 1.111111 ■ll 1 11 1 1 1

1975

ALL DATA ARE SEASONALLY ADJUSTED

19

11 L.

1976
PREPARED BY FEDERAL RESERVE BANK OF S T . LO U IS

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
1975
IV

1

II

III

IV

OCT

1976
NOV

DEC

350.2
105.4

342.4
105.5

350.5
105.9

356.1
106.9

346.4
104.2

345.1
104.0

351.3
105.4

342.7
103.3

245.6
109.4

238.5
109.4

245.3
109.4

250.3
110.8

246.1
109.6

246.0
109.8

247.0
109.7

245.3
109.5

104.7
97.0

103.9
97.4

105.2
98.5

105.7
96.9

100.2
92.9

99.1
91.8

104.2
96.5

97.3
90.3

32.7
9.1

35.8
8 .5

28.7
7.5

27.6
7.3

25.2
7.2

24.6
6 .8

24.3
7.2

26.7
7.7

7

7

6

8

8

8

8

8

1,696
165.7

1,798
173.0

1,789
179.0

1,807
183.6

1,954
191.0

1,876
190.1

1,939
190.3

2,046
192.6

2,159
143.8

2,166
145.4

2,149
144.7

2,189
149.7

2,313
1 5 4 .1

2,253
152.3

2,312
154.0

2,373
155.9

64.7
197.1

66.1
207.7

69.3
214.0

68.5
214.4

75.2
225.9

69.5
223.2

72 .4
226.7

83 .8
227.9

1976

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 D E P O S I T S
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
B IL LI O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

* BASED ON A SA M PL IN G OF MEMBER AND NONMEMBEf

BANKS.

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




20

LOUISVILLE
KENTUCKY-INDIANA
METROPOLITAN AREA
PAYROLL EMPLOYMENT

TOTAL BANK LOANS

220

220

210

210

200

200

190

190

180
170

1974

1975

1971-100
250

1971 -100
250

1976

A

- v
V \

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1976
LOUISVILLE

180
,\ s

170

160

160

150 V

150

140

140

150

150

120

120

110 ■L11II 1111J 1 ■111 1.1J-l tl-LJ u i II 1II 1II
1976
1975
1974

110

TOTAL BANK D E P O S I T S

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

1971-100

-2.2
+15.4
+5.2
+15.6

CHECK PAYMENTS

U.S.
42.9
+5.2
+5.5
+ 15.9

1971-100

160
PERCENT

UNEMPLOYMENT RATE

1974

LOUISVILLE



1975

1976

U.S.

PERCENT

170

12

160

10

150

8

140

6

150

4

120

2

110
ALL DATA ARE SEASONALLY ADJUSTED

21

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

M E M P H I S , T E N N E 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
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
M ILLION S OF DOLLARS
SEASONALLY ADJUSTED INDEX
MEMBER BANK D E P O S IT S
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
B IL L I IONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX
X BASED ON A SA M PLIN G OF MEMBER AND NONMEMBER BANKS.
N .A .
ALL

-

NOT A V A IL A B L E

IN D E X E S :




1 9 7 1 -1 0 0

22

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

TOTAL BANK LOANS

PERCEMTA6E CHANCE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1976
MEMPHIS
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS *
* YEAR ENDING NOVEMBER

1974

1975

♦1.4
♦6.9
♦5.8
♦6.7

U.S.
♦2.9
♦5.2
♦5.3
♦13.9

1976

TOTAL BANK D E P O S I T S

CHECK PAYMENTS

1971-100

1971-100

170
160
150
140
130

120
110
1974

MEMPHIS




1975

U.S.

1976

1974

1975

1976

ALL DATA ARE SEASONALLY ADJUSTED

23

100

1974

1975

1976

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

ARKANSAS

1975
IV

1

II

III

IV

OCT

1976
NOV

DEC

151.9
117.5

150.4
119.2

152.5
118.1

153.7
118.0

154.7
119.6

154.6
118.8

154.6
119.6

154.8
120.3

124.9
122.6

1 2 3 .1
124.0

124.5
122.3

125.8
122.6

126.9
124.5

126.6
123.7

126.7
124.6

127.3
125.3

27.0
98.4

27.3
101.3

28.0
102.8

27.9
100.7

27.8
101.3

28.0
100.7

27.9
101.3

27.5
102.0

9.3
6.1

8 .3
4 .9

7.7
4.8

7.1
4.7

7.2
4.7

7.1
5.2

7.2
4.7

7 .2
4.2

7

7

7

7

7

7

7

7

78 9
204.5

822
206.6

852
213.5

849
222.2

952
246.7

903
236.7

958
247.0

99 4
256.3

948
163.5

968
166.4

99 3
169.9

1,013
176.4

1,059
182.6

1,053
183.3

1,064
183.0

1,059
181.5

25.2
217.4

26.3
244.4

29.0
252.2

28.9
251.7

34.4
296.3

28.7
274.0

35.8
295.9

38.8
318.9

1976

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 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 D E P O S I T S
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
BIL LI ON S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

* BASED ON A SA MPL IN G 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 RO CK f ARKANSAS'
M E T R O P O L I T A N AREA
PAYROLL EMPLOYMENT

TOTAL BANK LOANS
1971*100
260

1971- 100
260

/

250

/

240

/

230
j

220

190

—

v/ J

200

/

190
180

170

170

S'

160

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1976
LITTLE ROCK
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL OEPOSITS
CHECK PAYMENTS X
X YEAR END INC NOVEMBER

♦2.3
♦24.1
♦8.5
♦36.0

U.S.
♦2.9
♦5.2
♦5.3
♦13.9

160

150

150

140 ,1 1111 1 11 1 1 1 ■i i L i i i 111i t 1 1 1 11 1 11 1M
1974
1975
1976

140

TOTAL BANK D E P O S IT S
UNEMPLOYMENT RATE

230

210

rsT

200

PERCENT

240

220

210

H
180

250

CHECK PAYMENTS

PERCENT
10

8
6

4
2

1974

LITTLE ROCK



1975

1976

U.S.

0

1974

1975

1976

ALL DATA ARE SEASONALLY ADJUSTEO

25

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

E V A N S V IL L E , INDIANA-KENTUCKY
M E T R O P O L I T A N AREA
1975
IV

1

II

III

IV

OCT

1976
NOV

DEC

106.4
105.3

105.4
107.3

107.6
107.8

106.7
10 5.1

107.3
1 0 6 .1

107.0
105.7

107.2
105.9

107.7
106.8

72.7
113.2

71.3
113.5

72.1
112.8

73.3
113.2

73.1
113.7

73.2
113.8

72 .9
113.6

73.1
113.9

33.7
91.5

34.1
96.4

35.5
99.1

33.4
90.6

34.2
92.7

33.6
91.4

34.3
92.4

34.6
94.5

7 .9
6 .9

7 .9
5.6

5.5
4 .4

6 .0
5 .4

5.3
4.7

5.7
5.1

5.1
4.7

5. 1
4 .4

9

9

9

9

9

9

9

9

454
161.4

452
162.0

46 4
168.5

481
175.7

534
189.5

51 9
188.3

54 2
191.0

54 0
189.3

651
157.9

66 0
160.5

68 3
167.6

697
172.8

745
180.8

721
178.8

75 0
181.3

76 5
182.4

10.4
171.4

10.8
182.0

12.0
198.4

12.2
201.0

13.1
217.3

12.0
207.7

12.6
217.5

14.8
226.7

1976

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 D E P O S I T S
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK P A Y M E N T S *
B IL LI O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

* BASED ON A SA M PLIN G OF MEMBER AND NONMEMBER BANKS.
N .A .
ALL

-

NOT A V A IL A B L E

IN D E X E S :




1 9 7 1 -1 0 0

26

EVANSVILLE
INDIANA-KENTUCKY
METROPOLITAN AREA
PAYROLL EMPLOYMENT

TOTAL BANK LOANS

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1976
EVANSVILLE
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS *
* YEAR ENDING NOVEMBER

42.0
416.5
414.3
426.4

U.S.
42.9
45.2
45.3
413.9

CHECK PAYMENTS

TOTAL BANK D E P O S I T S
190
PERCENT

UNEMPLOYMENT RATE

1974

EVANSVILLE




1975

1976

U.S.

180

PERCENT
12

170

10

160

8

150

6

140

4

130

2

1974

1975

1976

ALL DATA ARE SEASONALLY ADJUSTED

27

120
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

S P R IN G F I E L D MISSOURI
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 D E P O S I T S
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK P A Y M E N T S *
BIL LI ON S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

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

TOTAL BANK LOANS

PERCENTAGE CHANGE
SEASONALLY ADJUSTEO INDEX
YEAR ENDING
DECENBER 1976
SPRINGFIELD
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS *
* YEAR ENDING NOVEMBER

1974
1974

1975

1975

+3.6
♦ 11.7
+12.3
+24.5

U.S.
♦2.9
♦5.2
♦5.3
♦13.9

1976

1976

TOTAL BANK D E P O S IT S
200

1971-100

CHECK PAYMENTS

1971-100
260
240

220
200
180
160
140
1974

SPRINGFIELD




1975

1976

U.S.

1974

1975

1976

ALL DATA ARE SEASONALLY ADJUSTEO

29

120
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
1975
IV

1

II

III

IV

OCT

1976
NOV

DEC

55.6
114.6

55.4
117.6

56.9
117.5

57.6
11 7.1

58.0
119.7

58.2
119.1

57.9
119.3

56.0
120.5

35.5
114.6

34.6
115.0

35.0
113.7

35.6
114.4

36.1
116.5

36 .0
116.1

35.9
116.1

36.3
117.5

20.1
114.3

20.8
122.1

22.0
124.1

22.1
121.6

22.0
1 2 5. 1

22.2
124.5

22.0
125.0

21.7
125.9

5.6
S.Z

6.1
7.1

4.9
6 .8

5 .0
7.7

5.4
7.5

5.1
7 .5

5.1
7.4

6.0
7.6

3

3

3

3

3

3

3

3

176
163.2

176
164.8

182
167.3

193
176.5

200
165.9

199
185.5

198
184.0

202
188.3

262
160.9

263
165.3

270
165.7

272
166.2

274
168.5

272
166.2

272
167.6

27 8
171.6

5 .0
161.0

4 .9
165.2

5.5
177.5

5.7
180.9

5.7
164.2

5 .5
183.6

5.7
183.2

6.0
185.8

1976

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 D E P O S IT S
MIL LIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK PAYMENTS *
BIL LI ON S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

* BASED ON A SA M PLIN G OF MEMBER AND NONMEMBEf

BANKS.

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




30

FORT S M I T H
AR KA NSA S- OKL AHOM A
M E T R O P O L I T A N AREA
PAYROLL EMPLOYMENT

TOTAL BANK LOANS
1971-100

1971-100
PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1976
FORT SMITH
TOTAL PAYROLL EMPLOYNENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYNENTS X
X YEAR ENDING NOVEMBER

1974

1975

♦2.9
♦5.2
♦5.3
♦13.9

1976

TOTAL BANK D E P O S IT S

PERCENT

♦5.2
♦14.7
♦5.3
♦13.5

U.S.

UNEMPLOYMENT RATE

CHECK PAYMENTS

PERCENT

12
10
8

6
4
1974

FORT SMITH



1976

1975

U.S.

2

1974

1975

1976

ALL DATA ARE SEASONALLY ADJUSTED

31

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

P I N E BLUFF ARKANSAS
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
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 D E P O S I T S
MILLIONS OF DOLLARS
SEASONALLY ADJUSTED INDEX
CHECK P A Y M E N T S *
B IL LI O N S OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

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
PAYROLL EMPLOYMENT

TOTAL BANK LOANS
1971-100
230

1971-100
230

220

220

210

210

200

y

190

160

. . . - A

r

A«

170
160
150

140

140

130

130

120

120
m

I 1 1 1 1 1 1

1974

m

g-il-i.i 1 i t

1975

1 11

U

1 11

1 1 1 1 1 1

1976

TOTAL BANK D E P O S I T S
UNEMPLOYMENT RATE

1974

PINE BLUFF



1976

1975

U .S .

PINE BLUFF

180

150

110

PERCENT

200
190

rvV

180

170

/

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
DECEMBER 1076

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

*1.6
♦20.8
♦ 10.3
♦ 19.6

U.S.
+2.9
+5.2
+5.3
+13.9

110

1971-100

CHECK PAYMENTS

1971-100
260
240

PERCENT
12

220

10

200

8

180

6

160

4

140

2

1974

1975

1976

ALL DATA ARE SEASONALLY AOJUSTED

33

120
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

PAYMENTS IN TEN MEDIUM-SIZE CITltS

MILLIONS OF DOLLARS
DEC

1976

1/

SEASONALLY ADJUSTED INDEX
1971 = IOC
DEC

1976

NOV

1976

OCT

2/

1976

DEC

1975

501

591.t

559.4

561.2

623.9

54

15 £ .9

157.9

160 .3

176.5

TEXARKANA SMSA, ARK.

250

181.3

177.6

174.1

166.4

QUINCY, ILL.

246

205.7

207.4

207.9

175.0

OWENSBORO, KY.

256

192.6

193.4

196.5

166. 1

PADUCAH, KY.

20 2

206.2

203.6

203.9

175.4

GREENVILLE, MISS.

155

179.0

175.9

179.7

14P.7

CAPE GIRARDEAU, MO.

166

234.2

234.4

243.0

19* .6

HANNIBAL, MO.

49

179.4

177.2

179.6

163.6

JACKSON, TENN.

193

197.2

195.1

191.1

188.2

EL DORADO, AhK.
HELENA, ARK.

$

1/ DEBITS TO DEMAND DEPOSIT ACCOUNTS, EXCEPT INIERBANk AND U.S. GOVERNMENT ACCOUNTS.
2/ THREE-MONTH MOVING AVERAGES IEXCEPT LATEST MONTH, WHICH IS A TWO-MONTH AVERAGE).




54

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