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SELECTED ECONOMIC INDICATORS
CENTRAL MISSISSIPPI VALLEY
1ST QUARTER 1977
STATE ACTIVITY

SUMMARY D IS C U SSIO N page 3

METROPOLITAN AREA ACTIVITY

page

page

page

SUMMARY

4

SU M M A RY

16

ARKANSAS

6

ST. LOUIS

18 SPRINGFIELD, M O

KENTUCKY

8

LOUISVILLE

20

FORT SMITH

30

MISSISSIPPI

10

MEMPHIS

22

PINE BLUFF

32

MISSOURI

12

LITTLE ROCK

24

TENNESSEE

14




EVANSVILLE

26
28

CHECK PAYMENTS 10 OTHER CITIES
page 34

Prepared by Federal Reserve Bank of St. Louis
Released: May 13, 1977

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

VALLEY ECONOMIC ACTIVITY

Economic expansion in the Central Mississippi
Valley (CMV) accelerated in the first quarter, as
measured by employment, after generally lagging that of
the nation in previous recovery quarters. Despite the
adverse weather conditions early in the quarter, payroll
employment increased at an 8 percent annual rate in the
CMV states and at a 5 percent rate in the CMV cities,
both of which were above the 4 percent rate in U.S.
payroll employment. Nonmanufacturing employment in the
CMV states rose at a substantial 5.6 percent rate in
the first quarter, while manufacturing employment posted
an even more rapid rate of increase of 14.6 percent.

Payroll Employment
(Compounded Annual Rates of Change)
IV/76
to
1/77

Since the current business expansion began in
the second quarter of 1975, payroll employment in the
CMV states has increased at almost a 3 percent annual
rate, slightly below the 3.3 percent rate for the
nation. Slow recoveries have occurred in the three
relatively large metropolitan areas of St. Louis,
Louisville, and Memphis, so that the CMV metropolitan
area summary measure for payroll employment has in­
creased at only a 1.7 percent rate since the beginning
of the recovery. On the other hand, several of the
smaller metropolitan areas as well as the nonmetro­
politan areas in the region have increased at rates
above those for the nation as a whole.
Farm cash receipts in the five CMV states
increased about 20 percent in 1976 over that of 1975,
whereas for the nation as a whole, farm receipts
increased 6.5 percent. Increased marketing of certain
livestock commodities, as well as higher average prices
of some important livestock and crop commodities,
boosted CMV farm receipts more rapidly than such
receipts for the nation as a whole.1/

United States

+

Arkansas
Kentucky
Mississippi
Missouri
Tennessee

+ 7.8
+ 5.1
+ 13.3
+ 7.0
+ 8.5

+
+
+
+
+

State Summary

+

+ 2.9

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

+ 5.7
+ 3.4
- 0.7
+ 10.5
+ 9.7
+ 12.9
+ 16.4
+ 2.2

+
+
+
+
+
+
+
+

SMSA Summary

+

+ 1.7

4.0 %

8.0

5.0

+ 3.3 %
5.7
3.6
6.0
2.2
0.5

1.1
1.6
0.8
4.4
3.2
4.2
8.0
1.8

The Federal Reserve System will discontinue
the collection of "check payments" or "debits" data on a
local basis after June 1977. This is being done in order
to reduce the reporting burden of commercial banks. Re­
placing the local series will be a national debit series
based on a national sample of banks which will be
published in the Federal Reserve Bulletin and a monthly
press release.

JL/

For the 1977 outlook of some key Central Mississippi
Valley farm commodities, see Clifton B. Luttrell,
"Outlook for Farm Income in 1977," Federal Reserve Bank
of St. Louis Review (February 1977), pp. 16-20.




11/75
to
1/77

3

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

V A L L E Y S T A T E SUMMARY
III

IV

1977
1

JAN

1977
FEB

MAR

110.4
110.6

109.9
111.0

110.0
111.4

113.0
112.5

112.1
112.0

113.3
112.5

113.8
113.1

113.2
110.5

113.4
111.4

113.1
111.9

113.5
1)2.5

115.7
113.6

114.7
113. 1

115.8
113.5

116.4
114.2

116.8
113.7

116.6
114.6

116.6
115.2

117.5
115.9

119.1
117.1

118.2
116.6

119.2
117.0

119.8
117.6

104.7
101.3

105.7
102.3

104.9
102.3

103.9
102.5

107.5
103.8

106.3
103.4

107.8
103.4

108.5
104.5

6.6
7.6

6.3
7.5

6.5
7.8

6.3
7.9

5.7
7.4

5.9
7.3

5.9
7.5

5.4
7.3

162.1
155.0

164.8
158.5

168.7
161.3

167.9
165.5

N. A.
170.3

173.0
167.8

N. A.
170.1

N. A.
172.9

173.6
182.6

208.8
196.7

182.4
179.5

172.2
170.1

N. A.
N. A.

181.2
N. A.

180.9
N. A.

N. A.
N. A.

i

II

110.2
109.4

1976

MANPOWER U T I L I Z A T I O N
TOTAL EMPLOYMENT INDEX
C.M.V. STATES_lJ
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. STATESJ)
UNITED STATES

INCOME
PERSONAL INCOME INDEX
C.M.V. STATES
UNITED STATES
FARM CASH RECEIPTS INDEX
C.M.V. STATES
UNITED STATES

j| DATA BEGINNING FIRST QUARTER 1976 ARE NOT COMPARABLE WITH PREVIOUS DATA.
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 S T A T E SUMMARY
1971-100

PAYROLL EMPLOYMENT

1971-100
130

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
MARCH 1977
STATE
SUMMARY
U.S.
+2.6
TOTAL PAYROLL EMPLOYMENT
+3.0
NONMANUFACTUR1NO
1*2•5
+3.2
+2.7
MANUFACTURING
1*2.9
TOTAL EMPLOYMENT
+3.1
N.A.
+7.7
PERSONAL INCOME X X
+9.2
X X YEAR ENDING JANUARY

125
120
115
110
105
100
95

NONMANUFACTURING EMPLOYMENT
130
125
120

1971-100

TOTAL EMPLOYMENT

PERSONAL INCOME

1971 -1 0 0
195

110

190

105

185

100

180

95

175
170

120

165

115

160

110

155

105

150

100

145

95

140

90

135

85

130

U.S.

* DATA BEGINNING FIRST QUARTER 1976
WITH PREVIOUS DATA.


ARE NOT COMPARABLE


1971 -100

115

MANUFACTURING EMPLOYMENT

C.M.V. STATES

1971-100

ALL DATA ARE SEASONALLY AOJUSTEO

5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ARKANSAS
III

IV

1977
1

JAN

1977
FEB

MAR

818.7
114.3

827.6
114.1

814.2
115.3

796.6
117.1

772.2
115.4

797.3
117.6

820.4
118.3

638.5
118.6

659.7
120.0

662.8
119.2

670.9
121.6

667.2
123.9

655.1
122.2

669.2
124.4

677.3
125.2

452.4
121.9

464.0
122.6

463.6
121.7

472.1
124.6

467.4
125.9

459.9
124.5

468.7
126.4

473.6
126.8

186.1
111.1

195.7
114.2

199.2
113.9

198.7
115.0

199.8
119.4

195.2
116.9

200.5
120.0

203.7
121.5

71.4
7.0

61.2
7.1

57.7
7.5

57.7
7.1

63.4
6.1

69.2
6.3

64.4
6.1

56.7
5.7

N. A. 10,560
N. A. 185.8

N. A.
N. A.

N. A.
N. A.

2,125
219.3

1,457
185.3

N. A.
N. A.

1

II

767.5
112.8

1976

MANPOWER U T I L I Z A T I O N
TOTAL EMPLOYMENTJ)
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 jJ
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

9,768 10,164 10,916 11,832
176.1 180.9 182.9 180.5
1,830
222.0

1,979
236.3

1,753
198.8

4,107
188.7

N. A.
N. A.

jJ DATA BEGINNING FIRST QUARTER 1976 ARE NOT COMPARABLE WITH PREVIOUS DATA.
N.A. - NOT AVAILABLE
ALL INDEXES: 1971-100




6

ARKANSAS
PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
MARCH 1977

TOTAL PAYROLL EMPLOYMENT
NONMANUFACTURING
MANUFACTURING
TOTAL EMPLOYMENT
PERSONAL INCOME * *
K * YEAR ENDING JANUARY

NONMANUFACTURING EMPLOYMENT
135

ARKANSAS U.S.
+5.1
+3.0
+3.9
+3.2
+2.7
+8.2
+3.1
N.A.
+9.2
♦4.7

130
125

120

1971-100

TOTAL EMPLOYMENT

PERSONAL INCOME

1971 -1 0 0
340
320

110

300

105

280

100

260
240

140

220

130

200

120
110
100

180

90

60

120
100

70

80

U.S.

# DATA BEGINNING FIRST QUARTER 1976
Digitized forARE
FRASER
NOT COMPARABLE WITH PREVIOUS DATA.


1971-100

115

MANUFACTURING EMPLOYMENT

ARKANSAS

1971-100

160
140

ALL DATA ARE SEASONALLY ADJUSTED

7

PREPARED SY FEDERAL RESERVE BANK OF ST. LOUIS

KENTUCKY
1

II

1976

III

IV

1977
1

JAN

1977
FEB

MAR

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

1310.2 1369.6 1396.9 1391.3 1341.7 1320.5 1338.4 1366.1
113.5 114.2 114.8 114.9 116.2 114.6 116.6 117.5
1077.8 1112.4 1123.5 1121.7 1098.9 1092.0 1095.1 1109.5
118.1 119.4 119.7 119.0 120.5 119.3 120.5 121.5
812.0
122.1

838.9
122.9

848.1
123.7

852.4
123.8

828.1
124.5

821.1
123.2

824.6
124.4

838.5
126.0

265.8
107.3

273.5
109.9

275.4
109.0

269.3
106.0

270.8
109.3

270.9
108.7

270.5
109.8

271.0
109.4

99.7
6.3

77.6
5.4

74.6
5.3

72.2
5.3

91.0
5.6

89.3
5.5

102.6
6.2

81.2
5.1

N.A. 18,900
N.A.
172.8

N.A.
N.A.

N.A.
N.A.

2,813
174.9

1,491
230.4

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

17,176 17,368 18,228 19,012
162.4 166.0 170.3 168.8
1,635
170. 1

1,062
202.9

N.A. - NOT AVAILABLE
ALL INDEXES:




1971-100

8

1,174
191.2

2,768
173.7

N.A.
N.A.

KENTUCKY
PAYROLL EMPLOYMENT
PERCENTAGE CHANCE
SEASONALLY AOJUSTED INDEX
YEAR ENDING
MARCH 1977

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

NONMANUFACTURING EMPLOYMENT
iso

KENTUCKY
♦2.6
♦2.7
♦2.2
♦3.2
♦6. S

U.S.
♦3.0
♦3.2
♦2.7
♦3.1
♦9.2

125
120

1971-100

115

1971 -10 0
195

110

190

105

185

100

180

95

175

MANUFACTURING EMPLOYMENT

KENTUCKY




U.S.

PERSONAL INCOME

170
125

165

120

160

115

155

110

150

105

145

100

140

95

135

90

ISO
ALL DATA ARE SEASONALLY AOJUSTEO

PREPAREO SY FEDERAL RESERVE SANK OF ST. LOUIS

M ISSISSIP P I
III

IV

1977
1

JAN

1977
FEB

MAR

890.5
119.9

898.5
119.1

885.4
119.3

886.4
123.9

875.3
122.8

884.9
124.3

898.9
124.7

708.3
121.6

728.7
122.8

732.8
122.6

739.8
123.4

741.5
127.3

737. 1
126.5

741.5
127.7

745.8
127.8

495.8
124.7

508.1
125.5

511.9
126.1

519.8
127.3

521.1
131.1

517.7
130.2

521.0
131.5

524.5
131.4

212.5
114.9

220.6
117.1

220.9
115.2

220.0
115.1

220.4
119.3

219.3
118.4

220.6
119.6

221.3
120.0

65.0
6.5

61.1
6.1

62.0
6.7

59.9
7.1

62.0
6.0

61.9
6.1

64.0
6.0

60.1
5.8

N. A. 10,788
N. A. 174.6

N. A.
N. A.

N. A.
N. A.

1,375
190.5

N. A.
N. A.

1

II

850.0
118.8

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 RECEIPTS
MILLIONS OF DOLLARS
ANNUAL RATE
SEASONALLY ADJUSTED INDEX

10,208 10,468 10,364 11,104
168.2 172.4 169.2 168.3
1,503
178.0

1,172
189.4

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




10

1,048
165.1

2,999
167.3

N. A.
N. A.

2,560
211.7

M ISSISSIPPI
1971-100

PAYROLL EMPLOYMENT

1971-100
130

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
MARCH 1977

125
120
115
110

MISSISSIPPI
♦4.7
TOTAL PAYROLL EMPLOYMENT
NONMANUFACTUR1NO
♦5.2
MANUFACTURING
♦3.5
TOTAL EMPLOYMENT
♦4.6
PERSONAL INCOME X
♦8.2
X YEAR ENDING JANUARY

105
100
95

NONMANUFACTURING EMPLOYMENT
135

U.S.
♦3.0
♦3.2
+2.7
♦3.1
♦9.2

130

125
120

1971-100

TOTAL EMPLOYMENT




U.S.

1971-100

PERSONAL INCOME

1971 -100
195

115

190

110

185

105

180

100

175

MANUFACTURING EMPLOYMENT

MISSISSIPPI

1971-100

170
125

165

120

160

115

155

110

150

105

145

100

140

95

135

90

130
ALL DATA ARE SEASONALLY AOJUSTED

11

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MISSOURI
1

II

1976

III

IV

1977

1

JAN

1977
FEB

MAR

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

1945.9 2020.7 2010.0 1995.5 1979.8 1958.7 1973.6 2007.1
106.2 106.2 105.3 105.3 108.0 107.3 108.2 108.5
1722.9 1752.5 1746.2 1769.2 1749.7 1736.2 1747.1 1765.8
105.9 105.5 105.3 105.8 107.6 106.8 107.9 108.1
1312.3 1336.7 1326.8 1349.4 1326.1 1312.7 1325.1 1340.5
108.8 108.3 107.9 108.8 109.9 109.1 110.3 110.4
410.6
97.7

415.7
97.6

419.4
97.6

419.8
97.2

423.6
100.8

423.5
100.1

422.0
100.7

425.3
101.5

153.2
6.4

132.1
6.3

127.6
6.3

119.1
6.0

137.7
5.7

152.9
6.1

140.0
5.8

120.2
5.1

N.A. 29,688
N. A. 163.6

N.A.
N.A.

N.A.
N.A.

2,051
150.7

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

27,748 28,604 29,660 30,232
152.9 155.9 159.8 160.2
2,219
147.1

2,657
204.0

N.A. - NOT AVAILABLE
ALL INDEXES:




1971-100

12

2,803
176.6

3,353
159.4

N.A.
N.A.

2,754
144.2

MISSOURI
1971-100

PAYROLL EMPLOYMENT

1971-100
116

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
MARCH 1977

114
112

110
108

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

106
104

102
NONMANUFACTURING EMPLOYMENT
120

MISSOURI
-hi .9
+ 1.5
+3.2
+ 1.8
+8.8

U.S.
+5.0
+3.2
+2.7
+3.1
+9.2

118
116

1971-100

TOTAL EMPLOYMENT

1971-100

114

120

112

115

110
108

110

106

100

105

MANUFACTURING EMPLOYMENT

95
114
110

MISSOURI




U.S.

PERCENT

UNEMPLOYMENT RATE

PERCENT

106

12

102

10

98

8

94

6

90

4

86

2
ALL DATA ARE SEASONALLY ADJUSTED

15

PREPARED DY FEOERAL RESERVE RANK OF ST. LOUIS

TENNESSEE
1

II

1976

III

IV

1977
1

JAN

1977
FEB

MAR

MANPOWER U T I L I Z A T I O N
TOTAL EMPLOYMENT Jj
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 iJ
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

1657.0 1699.3 1710.1 1687.8 1696.2 1678.9 1693.3 1716.3
107.2 106.5 105.5 105.1 109.7 109.3 109.9 110.1
1508.1 1518.5 1519.3 1533.3 1519.2 1508.0 1518.8 1530.9
112.9 112.2 111.4 111.5 113.8 113.0 113.8 114.6
1040.8 1047.4 1047.5 1063.6 1050.9 1042.7 1051.1 1058.9
118.1 116.9 116.5 117.1 119.2 118.7 119.3 119.7
467.3
102.9

471.0
103.2

471.7
101.5

469.6
100.7

468.3
103.2

465.3
102.0

467.7
103. 1

472.0
104.6

139.9
6.8

126.4
6.9

119.6
7.0

112.5
6.8

116.1
5.6

124.5
5.7

118.0
5.7

105.9
5.4

N. A. 22,884
N. A. 176.5

N. A.
N. A.

N. A.
N. A.

1,293
189.4

1,068
194.9

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
jJFIRST

21,340 21,764 22,952 23,300
164.9 166.6 172.4 172.3
996
176.1

952
203.1

2,330
179.0

QUARTER 1977 DATA ARE NOT COMPARABLE WITH PREVIOUS DATA.

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




995
181.1

14

N. A.
N. A.

TENNESSEE
PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
MARCH 1977
TENNESSEE
TOTAL PAYROLL EMPLOYMENT
+1.3
NONMANUFACTURING
+1.6
MANUFACTURING
+0.6
TOTAL EMPLOYMENT
AML
PERSONAL INCOME X *
+8.6
X X YEAR ENDING JANUARY

NONMANUFACTURIN6 EMPLOYMENT
135

U.S.
*3.0
+3.2
+2.7
+3.1
+9.2

130
1971-100
195

190

185

185

175
170
120

115

110

UNEMPLOYMENT RATE

PERCENT

180

A
A

f
y

175
170

165

165

160

160

12

12

155

155

105

10

10

150

150

100

8

8

145

145

95

6

6

140

140

90

4

4

135
1
1
1
1
1
1
1
i
»A■
J
.
l
1
i
111
i
ll
1
1
1
■1111
■
■1
‘1
130
130
1975
1976
1977

85

TENNESSEE
U.S.
* FIRST QUARTER 1977 DATA ARE NOT
Digitized forCOMPARABLE
FRASER
WITH PREVIOUS DATA.


PERCENT

1971 -1 0 0
195

190

180

MANUFACTURING EMPLOYMENT

PERSONAL INCOME

2

,ii 1111.1,11IJ. 1 1 1 1 1 1 1 1 1 1 1

1975

1976

1 i 1 i i .Ii .l L l l

1977

ALL DATA ARE SEASONALLY ADJUSTED

15

2

135

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
MET ROPOL I TAN AREAS
1

JAN

1977
FEB

MAR

106.8
112.5

108.1
113.6

107.0
113.1

108.5
113.5

108.9
114.2

110.6
115.2

111.3
115.9

111.8
117.1

110.5
116.6

112.3
117.0

112.6
117.6

96.6
102.3

95.6
102.3

95.5
102.5

98.9
103.8

98.1
103.4

98.9
103.4

99.6
104.5

7.3
7.6

6.9
7.5

7.0
7.8

6.8
7.9

N.A.
7.4

N.A.
7.3

N.A.
7.5

N.A.
7.3

104

107

108

107

106

106

106

106

153.6
157.5

157.3
157.1

161.6
158.4

170.0
163.7

174.4
166.4

172.5
165.7

175.2
166.2

175.5
167.3

139.3
145.6

139.8
148.6

142.7
148.2

145.5
151.2

147.7
153.8

145.8
153.8

147.5
153.4

149.7
154.2

203.5
203.7

209.0
209.9

221.9
221.1

237.4
226.0

251.0
N.A.

244.5
233.9

251.8
233.8

256.6
N.A.

1

II

107.3
110.5

1976

III

IV

107.0
111.4

106.4
111.9

111.5
113.7

111.1
114.6

96.6
101.3

1977

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

BANKI NG 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

EI GHT CENTRAL M I S S I S S I P P I V A L L E Y
METROPOL I TAN AREAS

PAYROLL EMPLOYMENT

1971-100

TOTAL BANK LOANS

1971-100
220
210

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
MARCH 1977

200

190

190

180

180

170
160

*

160

150

150

HO

140

130

130

120
120
110
110
■
i
11111
i
.
i
I
j
.
i
II
l
II
l
1
1
l
1
1
.
1
1
l
L
l
.
l
1
1
.
1
1
1
100
100
1975

1976

SUMMARY

170

__

TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS *
* YEAR END INS FEBRUARY

♦ 1.4
♦ 13.9
♦7.0
♦22.6

U.S.
♦3.0
♦3.9
♦5.7
♦ 14.5

1977

TOTAL BANK DEPOSITS
UNEMPLOYMENT RATE

1971-100

CHECK PAYMENTS

1971-100
300
280
260
240
220
200
180

1975

C.M.V. AREAS




U.S.

1976

1977

ALL DATA ARE SEASONALLY ADJUSTED

17

160
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
MET RO POL I T A N AREA
III

IV

1977
1

JAN

1977
FEB

MAR

908.2
101.3

902.6
100.6

911.5
100.7

899.6
102.1

889.7
100.9

901.1
102.5

907.9
102.9

660.0
105.9

667.2
105.0

660.2
104.1

665.4
104.0

652.6
104.7

643.1
103.5

654.0
105.1

660.8
105.5

241.1
93.5

241.0
92.3

242.5
92.0

246.1
92.7

246.9
95.7

246.6
94.6

247.1
96.1

247.1
96.5

85.2
7.4

76.6
7.4

74.7
7.4

67.5
7.1

74.8
6.6

82. 1
6.9

75.9
6.8

66.5
6.0

61

63

64

63

62

62

62

62

3,700
140.5

3,716
143.4

3,816
148.2

4,004
154.5

4,145
158.3

4,197
156.3

4,109
159.5

4,128
159.0

5,246
135.2

5,187
134.7

5,254
136.5

5,377
138.0

5,403
139.5

5,481
138.3

5,354
139.4

5,373
140.7

341.4
203.8

340. 1
210.2

361.7
226.5

400.7
243.2

406.6
249.2

403.6
245.1

361.3
249.3

454.8
253.1

1

II

901.1
102.3

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

BANKI NG 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.
ALL INDEXES: 1971-100




18

ST. L O U I S
M I S S O U R I - I L L I NO I S
METROPOLI TAN AREA
TOTAL BANK LOANS

PAYROLL EMPLOYMENT

PERCENTA6E CHANCE
SEASONALLY ADJUSTED INDEX
YEAR END INC
MARCH 1977
ST. LOUIS
TOTAL PAYROLL ENPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS IN
IK YEAR END INC FEBRUARY

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE

ST. LOUIS




U.S.

1971-100

CHECK PAYMENTS

+0.4
+11.8
+3.6
+21.1

U.S.
+3.0
+5.9
+3.7
+14.5

1971-100
300
260

PERCENT

12

260

10

240

8

220

6

200

4

180

2

160
ALL DATA ARE SEASONALLY ADJUSTED

19

PREPARED BY FEDERAL RESERVE BANK OF ST. LOBIS

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
JAN

1977
FEB

MAR

356.5
107.3

350.7
108.2

341.4
105.1

355.1
110.0

355.6
109.6

257.2
113.7

255.8
114.0

248.0
113.8

238.3
109.4

251.6
115.8

254.1
116.2

105.4
98.7

106.4
98.9

100.7
93.6

102.7
96.6

103.1
96.3

103.5
97.7

101.5
95.8

35.8
8.5

28.7
7.5

27.6
7.3

25.2
7.1

24.4
5.8

25.7
6.0

26.1
6. 1

21.3
5.2

7

8

8

8

8

8

8

8

1,798
173.0

1,789
179.0

1,807
183.6

1,954
191.0

2,059
197.4

2,072
196.8

2,051
196.9

2,053
198.4

2,166
145.4

2,149
144.7

2,189
149.7

2,313
154.1

2,298
154.2

2,321
153.2

2,279
153.2

2,293
156.2

66.1
207.7

69.3
214.0

68.5
214.4

75.2
224.8

75.8
242.0

73.2
230.4

70.6
241.8

83.6
253.7

II

347.8
107.3

1976

1977

1

1

III

IV

358.0
108.2

363.6
108.9

245.0
112.4

252.6
112.8

102.8
96.6

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 j]
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKI NG 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.
ALL INDEXES: 1971-100
JjFIRST QUARTER 1977 DATA ARE NOT COMPARABLE WITH PREVIOUS DATA.




20

LO U ISV ILLE
KENTUCKY-INDIANA
METROPOLITAN AREA
1971-100

PAYROLL EMPLOYMENT

1971-100

TOTAL BANK LOANS

1971 -100
230
220

220

210

210

200

180

190

•A

160

170 _ v v\ J .

170

160

160

150

150

140

140

130

130

120
110 ■1 iJ 1 4.1

1977

1976

l - l 1 .I..I

1975

n

1j

1 1 1 i . l i, 1..

1976

UNEMPLOYMENT RATE

LOUISVILLE

U.S.

* F I R S T QUARTER 1977 DATA ARE NOT

COMPARABLE WITH PREVIOUS DATA.


1976

1977

ALL DATA ARE SEASONALLY ADJUSTED

21

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

+2.3
+ 13.9
+8.7
+ 16.6

U.S.
+3.0
+5.9
+5.7
+ 14.5

1977

PERCENT

1975

LOUISVILLE

120
1.1.1i-iLliIix. 110

TOTAL BANK DEPOSITS

PERCENT

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
MARCH 1977

200

r"

190

1975

1971--100
230

CHECK PAYMENTS

1971-100
190

1971-100
280

180

260

170

240

160

220

150

200

140

160

130

160

120

1975

1976

1977

140

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MEMPHIS, TENNESSEE- ARKANSAS
MET ROPOL I T AN AREA
III

IV

1977
1

JAN

1977
FEB

MAR

316.3
109.5

316.9
109.1

323.4
111.5

317.9
111.3

316.2
111.1

317.9
111.3

319.7
111.4

259.0
114.2

260.0
113.3

260.6
113.0

265.6
115.3

260.3
114.8

259.2
114.7

260.4
114.8

261.4
114.8

56.6
96.4

56.2
94.6

56.3
94.2

57.9
97.0

57.6
97.7

57.0
97.1

57.5
97.9

58.3
98.2

26.8
7.9

26.9
7.2

25.2
7.2

23.0
7.1

20.3
5.8

21.9
6.0

19.6
5.5

19.5
5.9

8

8

8

8

8

8

8

8

1,571
138.1

1,542
139.4

1,535
139.1

1,658
147.8

1,684
148.8

1,682
146.4

1,661
148.1

1,708
151.9

2,194
123.2

2,226
124.4

2,244
126.4

2,318
128.2

2,320
130.5

2,330
128.4

2,299
131.3

2,331
131.9

73.0
193.8

69.2
192.6

74.1
207.1

211.2

81.7

79.4
216.1

84.0
214.7

71.3
218.5

82.6
215.0

1

II

315.8
110.6

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

BANKI NG 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.
ALL INDEXES: 1971-100
FIRST QUARTER 1977 DATA ARE NOT COMPARABLE WITH PREVIOUS DATA.




22

MEMP HI S
TENNESSEE-ARKANSAS
METROPOL I TAN AREA
PAYROLL EMPLOYMENT

1971-100
220

TOTAL BANK LOANS

210

210

200

200

190

190

180

180

170

170

160

1975

1976

1977

_

160

_ 1

150

150

140

140

150

130

120
110
100

120
110
■I I 1 1 1 1 1 l l I I

1975

11 l l ll.ill.L J -

1976

UNEMPLOYMENT RATE

MEMPHIS

U.S.

PERCENTACE CHANCE
SEASONALLY AOJUSTED INDEX
YEAR END INC
MARCH 1077
MEMPHIS
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS X
X YEAR END INC FEBRUARY

♦ 1.1
♦ 11.7
♦5.7
♦ 10.6

U.S.
♦3.0
♦5.9
♦5.7
♦ 14.5

n 111 111 1ii 100
1977

TOTAL BANK DEPOSITS

PERCENT

1971-100
220

1971-100

CHECK PAYMENTS

1971-100
300
275

PERCENT

12

250

10

225

8

200

6

175

4

150

2

125

Digitized*for
F FRASER
I R S T QUARTER 1977 DATA ARE NOT
http://fraser.stlouisfed.org/
COMPARABLE
WITH PREVIOUS DATA.
Federal Reserve Bank of St. Louis

ALL DATA ARE SEASONALLY ADJUSTED

23

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

L I T T L E ROCK, NORTH L I T T L E ROCK, ARKANSAS
MET RO POL I T A N AREA
JAN

1977
FEB

MAR

159.2
122.9

159.2
126.0

157.3
125.4

159.5
126.2

160.7
126.4

129.5
126.6

130.5
127.8

129.9
130.7

128.7
130.4

130.1
130.6

131.0
130.9

28.6
104.9

28.6
103.0

28.6
104.4

29.2
108.7

28.6
106.8

29.4
109.5

29.7
109.8

9.4
5.5

9.0
5.2

8.2
5.2

8.3
5.2

8.6
4.8

9.8
5.0

8.8
5.0

7.2
4.5

7

7

7

7

7

7

7

7

822
208.6

852
213.5

849
222.2

952
246.7

1,016
258.7

1,016
260.8

1,007
258.6

1,024
256.8

968
166.4

993
169.9

1,013
176.4

1,059
182.6

1,073
184.8

1,066
180.8

1,064
184.7

1,088
188.9

28.3
244.4

29.0
252.2

28.9
251.7

34.4
306.8

50.2
439.9

48.7
402.2

50.2
449.7

51.8
467.7

II

153.8
121.8

1976

1977

1

1

III

IV

156.6
121.4

158.0
121.6

125.9
126.6

127.9
125.9

26.0
103.9

MANPOWER U T I L I Z A T I O N
PAYROLL EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTEO INDEX
NONMANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
MANUFACTURING EMPLOYMENT
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED INDEX
UNEMPLOYMENTS
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKI NG 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.
J 0 A t A l BEG?NNING9FIRST°()UARTER 1976 ARE NOT COMPARABLE WITH PREVIOUS DATA.




24

L I T T L E ROCK
NORTH L I T T L E ROCK, ARKANSAS
METROPOL I TAN AREA
PAYROLL EMPLOYMENT

TOTAL BANK LOANS

PERCENTAGE CHANCE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
MARCH 1977
LITTLE ROCK
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS *
* YEAR ENDING FEBRUARY

TOTAL BANK DEPOSITS

PERCENT

UNEMPLOYMENT RATE

1971-100

CHECK PAYMENTS

+3.7
+22.4
+13.2
+81.5

U.S.
+3.0
+5.9
+5.7
+ 14.5

1971-100
500
450

PERCENT

400

10

350
300
250
200
1075

1976

LITTLE ROCK
U.S.
*DATA BEGINNING FIRST QUARTER 1976

ARE NOT COMPARABLE WITH PREVIOUS DATA.


150

1977
ALL DATA ARE SEASONALLY ADJUSTED

25

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

EVAN SVILLE, INDIANA-KENTUCKY
M E T R O P O L I T A N AR E A
III

IV

1977
1

JAN

1977
FEB

MAR

112.2
112.4

110.9
109.2

111.6
110.5

111.1
113.1

110.2
112.4

111.3
113.4

111.7
113.4

74.6
118.5

75.8
118.9

76.7
118.4

76.6
119.1

74.7
118.8

74.4
118.2

74.6
118.8

75.1
119.2

35.0
99.0

36.4
101.0

34.3
93.1

35.0
95.3

36.4
103.0

35.8
102.0

36.7
103.7

36.6
103.2

8.1
5.2

5.7
4.3

6.4
5.4

5.5
4.7

6.9
4.4

8.1
5.1

6.6
4.1

5.9
3.9

9

9

9

9

9

9

9

9

452
162.0

464
168.5

481
175.7

534
189.5

543
194.3

531
188.1

543
196. 1

553
198.7

660
160.5

683
167.6

697
172.6

745
180.6

772
188.6

764
184.2

769
189.4

783
192.3

10.8
182.0

12.0
198.4

12.2
201.0

13.1
213.8

13.0
222.6

12.7
216.7

11.6
219.7

14.7
231.9

1

II

109.6
111.5

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 Jj
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKI NG 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.
j| DATA* BE6?N n !NG^ f IRST^OUARTER 1975 ARE NOT COMPARABLE WITH PREVIOUS DATA.




26

EVANSVILLE
INDIANA-KENTUCKY
METROPOLITAN AREA
PAYROLL EMPLOYMENT

1971-10 0
230

TOTAL BANK LOANS

1971 -10 0
230

220

220

210

210

200

200

/

190
180
170

190
180
170
160
150

r

160
150
140
130

140
130

1976

110

1977

11 1 1 1 1 I I 11J

1975

. 11111. » i . i

1976

■ 1 1 1 1 1 1 » 111.

1977

TOTAL BANK DEP OS ITS
200

PERCENT

UNEMPLOYMENT RATE

PERCENT
12
10

6
6

4
1975
EVANSVILLE




1976
U.S.

1977

2

EVANSVILLE
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS *
* YEAR ENDING FEBRUARY

+0.6
♦23.1
♦ IS.3
♦21.4

U.S.
♦3.0
♦5.9
♦5.7
♦ 14.5

120

120

1975

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
MARCH 1977

/
190
/
160
y
170
s '
160
150
S_
140
130 11111lH 111 111111111M 111111111IJ1975
1976
1977
ALL DATA ARE SEASONALLY ADJUSTED

27

110

1971-100

CHECK PAYMENTS

1971-100
280
260
240
220
200

180
160
140
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

S P R I N G F I E L D MISSOURI
MET RO POL I T AN 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 Jj
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKI NG 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.
ALL INDEXES: 1971-100
j) DATA BEGINNING FIRST QUARTER 1976 ARE NOT COMPARABLE WITH PREVIOUS DATA.




28

SPRINGFIELD
MISSOURI
METROPOLI TAN AREA
PAYROLL EMPLOYMENT
1971 -1 0 0

TOTAL BANK LOANS

1 9 7 1 -100

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
MARCH 1977
SPRINGFIELD
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS * *
* * YEAR ENDING FEBRUARY

+5.4
+12.9
+13.0
+38.8

U.S.
+3.0
+5.9
+5.7
+14.5

1976

TOTAL BANK DEPOSITS
210

PERCENT

UNEMPLOYMENT RATE

1976

1977

1971-100
300

190

275

12

180

250

10

170

225

8

160

200

6

150

175

4

140

150

130

125

PERCENT

2

SPRINGFIELD
U.S.
*DATA
BEGINNING
FIRST
QUARTER 1976

ARE NOT COMPARABIE WITH PREVIOUS DATA.


CHECK PAYMENTS

200

1975

1976

1977

ALL DATA ARE SEASONALLY ADJUSTED

29

1971-100

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

FORT SMI TH, ARKANSAS-OKLAHOMA
MET ROPOL I T AN 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 Jl
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKI NG A C T I V I T Y
NUMBER OF MEMBER BANKS
MEMBER BANK LOANS
MILLIONS OF DOLLARS
SEASONALLY AOJUSTED 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 NONMEMBER BANKS.

jlD*TA'BEeiNNiN69F U s T O0U*RTER 1976 ARE MOT COMPARABLE WITH PREVIOUS DATA.




30

FORT SMITH
ARKANSAS-OKLAHOMA
METROPOLITAN AREA
TOTAL BANK LOANS

PAYROLL EMPLOYMENT

PERCENTAGE CHANCE
SEASONALLY AOJUSTED INDEX
YEAR ENDING
MARCH 1977
FORT SMITH
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS X
IK YEAR ENDING FEBRUARY

1975

1976

1977

1975

1976

UNEMPLOYMENT RATE

CHECK PAYMENTS

1971-100
260

220

12

200

10

180

8

160

6

140
1975

U.S.
FORT SMITH
ALL
BEGINNING
FIRST
QUARTER
1976

ARE NOT COMPARABLE WITH PREVIOUS DATA.


1971-100

240

PERCENT
14

4
IK DATA

+3.0
+5.9
+5.7
+14.5

1977

TOTAL BANK DEPOSITS
PERCENT

+4.0
+19.0
+4.7
+18.5

U.S.

1976

1977

DATA ARE SEASONALLY ADJUSTED

31

120
PRErARED BY FEDERAL RESERVE BANK OF ST. LOUIS

P I N E BLUFF ARKANSAS
MET ROPOL I TAN 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 jj
THOUSANDS OF PERSONS
SEASONALLY ADJUSTED RATE

BANKI NG 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.
ALL INDEXES: 1971-100
JjDATA BEGINNING FIRST QUARTER 1976 ARE NOT COMPARABLE WITH PREVIOUS DATA.




32

PINE BLUFF
ARKANSAS
METROPOLITAN AREA
1971 -100

PAYROLL EMPLOYMENT

122

1971-100

TOTAL BANK LOANS

1971-100

1971-100
240

120

250

118

220

116

210

114

200

y

190

112

110
106

106

PINE BLUFF

ISO

V

/

c\,
r
y v

160
150

102

140

100

130

■ii111l.iJ u. i.liilnlii nliihilii
1975

1976

1977

1975

1976

1977

TOTAL BANK DEPOSITS
PERCENT

TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS *
IK YEAR ENDING FEBRUARY

170

vV

104

98

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
MARCH 1977

UNEMPLOYMENT RATE



+3.0
+5.9
♦5.7
+ 14.5

120

CHECK PAYMENTS

1971-100
300

1971-100
300

280

280

12

260

260

10

240

240

6

220

220

6

200

4

180

2

160

PERCENT

U.S.
ALL
K DATA BEGINNING FIRST QUARTER 1976
Digitized forARE
FRASER
NOT COMPARABLE WITH PREVIOUS DATA.
PINE BLUFF

+0.4
+20.2
+ 15.9
+10.1

U.S.

OATA ARE SEASONALLY ADJUSTED

33

77V

200
160

- l .l 1 l l 1 I I 1 I I

1975

1 1 1 1 1 1 I I

1976

1 l-L

i » 1 1 1 1 1 1 1 11

1977

160

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

CHECK RAVMtNlS IN U N MEDIUM-SIZE l l T l b

SEASONALLY ADJUSTED INDEX
1 971 * 1 0 0

M I L L I O N S Uir D O L L A R S

MAH

I V #7

1/

MAR

1977

f-tb

1977

JAN

2/

1977

MAR

197b

9^4

b i b .5

57V.A

556.6

527.0

4V

lbb.b

192.6

170.7

212.2

i*£

lVl.2

167.0

100*3

175.7

«.7a

£32.2

2 2 k .9

220.0

191.3

utftNSttORO* K V .

it*

200.6

195.2

107.0

172.7

rAUUlAHt RV.

4.U1

2ZA.3

213.1

2 0 A. 1

160.0

GREENVILLE* MISS*

ISO

21i.7

211.9

196.C

179.2

CARL G l K A K D t A O * MO.

1 ta

«.65«A

2A6.6

23a .3

51

2g 3«3

191.7

102.9

1 7 A .2

Ivl

2C6.7

2C6.0

200.6

192.5

LL OURAOU*

%

AKK*

HELENA* ARK.
1E A A K K A N A S H S A *
JUlNcY*

ARK.

ILL.

HANhibAL* MO.
J A c K S U N > liNN.

1/ UfcbllS
U

lt» u L H A N U O L R U S A I

ACCUUNlS*

TrtRtfc— H U N T H M O V I N G A V E R A G E S




EXCEPT lNIEKbANK A N D U.S. GOVERNMENT

ItACERI LAT E S T MONTH*

ACCOUNTS.

W H I C H I S A T b U “ M O N T H A V E R A G E I.

34

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