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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
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