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Released March 1963 - March 29, 1963 SELECTED ECONOMIC INDICATORS EIGHTH FEDERAL RESERVE DISTRICT METROPOLITAN AREAS ST. LOUIS EVANSVILLE LOUISVILLE SPRINGFIELD, MO. MEMPHIS FORT SMITH LITTLE ROCK P re p a re d by R esea rch D epartm ent F e d e ra l R e se rv e Bank of St. Louis THESE DATA are presented as an aid in following economic developments in the district's metropolitan centers. Because economic activity by its very nature is a composite of many different segments, a more meaningful picture of economic developments can be obtained by considering the entire set of indicators as a whole rather than by placing undue emphasis on any single indicator. Moreover, there may be shortcomings in each series which may create a misleading impression. All the data have been adjusted for seasonal variations. In addition, in order to smooth erratic fluctuation in the data, the electric power, department store sales, and check payments series are presented as three-month moving averages. It should be noted that the most recent index presented for each of these three indicators is an average of the last two months and is subject to revision. The index of the industrial use of electric power is Based on data provided to this Bank by the public utilities in each area. Employment data are developed by the respective State Employ ment Security Offices. Cooperating department stores in each center provide total sales figures. It should be recognized that these data relate only to department store sales and do not necessarily reflect trends and fluctuations in other categories of retail sales or of total retail sales. Check payments, or debits, are reported monthly by all or a sample of commercial banks. The date for total deposits and business loans are provided by the weekly reporting banks- in each area, the monthly figures being averages of weekly data. St. Loiris Metropolitan Area Production and Spending S e a so n a lly Ad justed Three-M onth Moving A v e ro g e s Manpower Utilization S e a s o n a lly Adjusted Banking Activity S e a s o n a lly A d ju ste d MANPOWER PTILIZATIOH Total Baplgynent Averages 1957 1958 1959 Seasonally Adjusted Tnd>r of Persons 100.7 96.8 Unemployment Rate Seasonally Per Cent 100.6 1961 1962 Adjusted Unadjusted Seasonally Adjusted 40.0 39.3 39.9 39.7 39.6 40.2 5.5 4.7 6a 106.3 103.8 103.7 1960 Average Hours Worked (Manufacturing) 5.4 PRODUCTION AHD SPEHDIBO Industrial Use of” Check Payments Electric Power Department Store Sales Seasonally Seasonally Seasonally Unadjusted Adjusted Unadjusted Millions Adjusted Index y Index of Dollars Index 1/ Index 97.6 98.0 98.0 96.6 98. 2 94.5 105.4 108.0 103.7 104.2 109.7 112.9 102.6 117.1 109.9 120.0 125.3 105.7 BAWOBO Business Loans 2/ total Deposits 5/ Seasonally Seasonally Millions Adjusted Millions Adjusted of Dollars Index of Dollars Index 103.1 99-2 101.8 92.3 104.6 99.0 120.0 94.8 117.0 101.2' 104.4 119.6 1962 July 104.6 Aug. Sept. Oct. 827 827 Bov. 8lB 822 Dee. 10k.1 104.0 103.5 103.5 103a Jan. Feb. 806 610 103.6 104.5 Mar. Apr. Itay 5.3 5-0 4.5 k.k 5.5 5.3 5 .2, 5 .1 ^ 4.8 5.0 5JL 5.0 6.2 6.1 5a 5a 39.9 40.0 40.9 40.2 40.2 40.4 129.2 123a 40.5 40.3 40.3 40.6 124.4 H9.7 114.3 122.5 123.0 120.2 119-0 U9.3 120.9 88.3 98.7 109.7 107.1 127.0 191.9 104.7 105.9 104.3 104.6 40.2 39.9 40.0 40.5 115.4 124.9 125.8e 82.3 77.4 40.3 *>•3 122a 127.8 126.8 106.1 3,417 3,344 3,072 3,578 3,373 3,710 106.4 104.2e 3,750 3,157 106.2 124.9 124.2 124.9 131.3 133.4 403 411 412 409 410 414 121.3 122.1 121.6 123.0 123.9 1,234 1,225 1,241 1,255 1,250 126.6 3-,294 106.1 107.8 133.5 134.8e 4o4 397 126.6 1,314 1,284 108.2 121.9 104.3 103.3 105.0 106.3 110.0 June Three-month moving averages 't Weekly reporting tanks Digitized forIFRASER Bot available Estimated Index 1957-59 - 100 March 29, 1963, Monthly data for 1960-62 available on request Research Department, Federal Reserve Bank of St. Louie. Louisville Metropolitan Area Production and Spending S e a s o n a lly A d ju s te d T h re e -M o n th M oving A v e ra g e s Manpower Utilization 1957-59=100 S e a s o n a lly A d ju ste d Industrial Use of Eiectric Power 1957-59=100 Banking Activity *Revision in somple. •"Debits to demand deposit accounts, except interbank and U S . Government accounts MANPOWER UTILIZATION Annual Averages 1957 1958 1959 Total Enmlovment Seasonally Adjusted Thousands ^*.2 ' 97-5 100.3 99.8 98.3 101.3 1961 1962 Seasonally 5.4 8.6 6.5 6.6 7.4 5-1 40.7 40.7 40.6 40.0 40.5 40.8 PRODUCTION AND SPENDING Industrial Use Of Electric Power Department Store SJ.es Seasonally Seasonally Adjusted Unadjusted Unadjusted Adjusted Index y TnHcv 1/ Index ..Index 106.4 99.1 97.6 90.8 102.8 103.1 106.0 97.9 96.4 98.0 107.1 105.3 261 101.1 100.7 101.1 103.it 100.9 100.1 4.6 4.7 3.9 4.1 5.0 5.0 4.8 5.1 4.6 4.7 5.2 5.2 41.1 40.6 40.9 40.5 41.0 41.3 41.1 40.4 40.3 40.2 41.2 40.7 IO6.9 100.5 .112.7 103.3 105.1 112 J 109.5 106.9 105.4 105.6 106.6 108.4 274 272 1CQ..1 100.7 5.5 6.2 4.8 5.1 41.0 n.a. *K).5 n.a. 106.2 112.2 108.0 107.2e 266 Jan. Feb. Mar. Apr. May June Seasonally Per Cent 1960 Aug. Sept. Oct. Bov. Dec. Average Hours Worked (Manufacturing) Unenmlavment Rate 283 286 267 263 Three-month moving averages Digitized for2/FRASER Weekly report ing banks n.a. e Hot available Estimated 91.7 95-8 110.7 105.1 110.3 105.6 BANKING Check Payments Seasonally Adjusted , Millions Index 1/ of Dollars 97.9 97.6 104.5 103.4 106.1 111.0 1,012 1,033 938 1,133 111.2 .112,5 115.1 116.9 1,068 116.8 Total Peros its Business Loans ^ Seasonally Adjusted Mil]ions Adjusted Millions Index Index__ of Dollars 104.9 99-3 97.4 99.5 101.2 97.7 109.4 99-8 104.0 115.9 110.9 114.5 123 .123 125 130 140 102.6 130.1 108.4 211.5 io4.i 1,079 122.5 160 64.5 68.2 101.8 97.8e 1,251 954 120.4 126.7e 149 139 106.1 109.6 122.0 121.2 127.5 469 464 473 471 483 480 128.1 496 121.9 500 113.2 118.1 111 .6 111.3 112.7 112.3 113.2 112.6 114.8 117.9 Index 1957-59 ■ 100 Released March 29, 1963, Monthly data for 1960-62 available on request Research Department, Federal Reserve Bank of St. Louis. Production and Spending Memphis Metropolitan Area S e a s o n a lly A d ju sted T hree-M on th M oving A v e ra g e s 1957-59=100 hdesfeitl Us* of Electric Power 1957-59=100 Banking Activity 1961 1962 1963 * Debits to demand deposit accounts, except interbank and U .5 Government accounts MflIPCWER Annual Averages Total Employment Seasonally Adjusted Thousands of Persons 100.2 1957 1958 1959 1960 98.9 100.9 102.9 1961 1962 104.2 1962 July Aug. Sept• Oct. Bov. Dec. 1963 Jan. Feb. 103.ii UTILIZATICB_____________________ _____________________ PRODUCTION AND SPENDING Average Hours Worked (Manufacturing) Industrial Use of Unemployment Rate Electric Power Department Store Sales Seasonally Seasonally Seasonally Seasonally Unadjusted Adjusted Unadjusted Adjusted Per Cent Adjusted Unadjusted Adjusted Index 1/ Index Index Index l/ 5.0 40.3 98.7 93.3 6.7 39.3 86.7 97.3 5*3 41.0 114.6 109.4 4.6 40.6 116.2 104.4 41.0 5.3 131.9 102.9 4.4 40.6 155.2 109.9 238 239 240 239 239 240 104 J. 104.3 10fc.7 104.3 103-9 103.7 4.6 4.2 3.9 3.5 4.0 4.1 237 236 104.5 104.6 5.1 5.2 4.6 4.4 4.4 4 J. 4o;6 40.6 40.6 40.4 41.0 40.1 147.7 141.6 .4.4 40.7 40.6 41.0 41.4 41.0 40.0 4.6 4.4 39-7 n.a. 39.9 n.a. 4.3 Mar. Apr. May June Three-month moving averages % forWeekly reporting banks Digitized FRASER n.a. e Hot available Estimated 157-3 151.9 156.4 155.5 158.3 158.0 158.4 153.3 151.7 101.6 106.5 110.6 111.4 136.0 196.6 111.1 111.3 112.4 150.3 171.8 154.6 156.4e 82JL 82.7 106.7e 166.6 109.9 112.5 108.8 110.5 BANKING Check Payments Millions of Dollars Seasonally Adjusted Index 1/ 96.6 95.4 107.8 112.8 124.1 126.6 Business Loans 2/ S»mmnnmny Millions Adjusted of Dollars Index 101.0 97.1 101.9 117.1 123.6 130.8 Total Deposits 2/ Seasonally Millions Adjusted of Dollars Index 95-6 99.4 105.0 106.6. 120.9 131.ii 1,000 1,024 965 1,372 1,250 1,170 130.8 131.4 132.7 127.7 125.9 125.6 185 187 200 235 239 245 130.3 126.9 135.5 149-5 125.6 121.0 636 131.3 133.3 13ii.O 13*1.9 139.5 143.0 1,190. 1,020 131.3 135.im 232 225 123.9 124.0 638 631 141.4 140.4 589 597 600 595 611 Index 1957-59 ■ 100 Released March 29, 1963, Monthly data for 1960-62 available on request Research Department, Federal Reserve Bank of St. Louis. Little Rock Metropolitan Area Production and Spending S e a s o n a lly A d ju s te d Three-M onth M oving A v e r a g e s 1957-59=100 1957-59=100 Industrial Use of Electric Power Manpower Utilization Hours ! 1 j j 42 February 40 r N ~ r— V 38 1/ 1 36 V i 34 j 1— 1 1 1 t ! ■ 1 i 1 1 t t 1 I. 1 1 1 -l : 1 i 1 l 1961 32 1 11 1 1 1962 ! 1 1 1963 i ! :o ’ Debits to demand deposit occounfs, except interbank and U.S Government accounts MAKPCWE^ T-nt-al IWI nvmoTit. Seasonally Adjusted Thousands Index of Persons 96.k 100.3 103.k 106.k 106.7 Asnual 1957 1958 1959 1960 1961 1962 Per Cent July Aug. Sept. Oct. Hov. Dec. 2262 Jan. Feb. Mar. Iter. Apr. 10k Average Eours Worked (Manufacturing) Seasonally Adjusted k.5 5.7 3-6 3.8 k.7 107.0 2.8 99 105.3 10k.0 105.7 2.9 3.5 k.k k.O 3.5 k.O 3-7 *3.7 3-6 96 96 107.9 107.1 k .9 k.O 3-* 3-1 103 10k 103 101 106.9 107.5 Unadjusted 3.6 107.6 1962 1TTIiT7i/Vr'rnTJ__________________________ IfriMBnlovnient Rate 3.5 3-0 39.7 k0.2 k0.9 kO.6 kO.O 39.5 39.9 38.8 Seasonally Adjusted k0.3 kO.O kO.k kO.l 39-6 39*k _______________________ PRODUCTION AKD SPENDIH 3 Industrial Use Of Electric Power Seasonally Unadjusted Adjusted Index 1/ Index 92.0 99-5 96.5 9k .2 113.7 12k.1 127.3 lkl.7 39.3 kO.l k0.2 kO.k 39-9 118.1 kO.O kl.l 135.8 38.6 Department Store Sales Seasonally Unadjusted Adjusted . Index 1/ Index 115.2 155.5 165.1 169.7 16 k.3 170.6 139.3 lk2.6 lk5.5 lk5.6 lkl.2 139.8 lk>3.6 lkk.6e Check Payments Seasonally Adjusted . Millions Index If of Dollars 91.9 97.9 110.2 110.1 117.0 102.0 97-2 95*k 97.1 8k .6 96.1 102.0 98.0 9k .8 96.6 123.9 18k.7 99.* 100.k 93-6 99-7 66.9 98.8 7k.2 97-Oe Total Derosits .2/__ Business Loans i/ CmBCAnRl1v aeasonni .1y Adjusted Adjusted M113ions Millions Index of Dollars Index of Dollars 95.7 91.1 100.2 95.3 10k .1 113.6 107.7 131.9 293 296 252 326 295 297 350 271 131.9 129.1 129.7 127.3 132.k 139.0 36 36 36 38 39 39 153.0 157.6 155.9 159.7 161.k 15k.2 lko .8 38 37 155.9 158.1 lk5.0e 117.2 12k <5 150.2 15k . 0 128.3 188 193 189 12k.6 125-3 123.6 187 12k.6 12k. 5 188 18k 19k 196 126.0 129.3 130.0 May June Tfcree-month Boring averages Digitized *for FRASER Weekly reporting banks n.a. e Not available Estimated Index 1957-59 - 100 Released March 29# 1963# Monthly data for 1960-62 available on request Research Department, Federal Reserve Bank of St. Louis. Evansville Metropolitan Area Production and Spending S e a s o n a lly A d ju s te d Th re e -M o n th M o vin g A v e ra g e s 1957-59=100 Annual Averages 1957 1958 1959 1960 1961 Thousands of Persons 1962 1962 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June 73 73 73 73 73 Adjusted Index 107.2 97-2 95.6 93-9 92.9 93.9 93-9 93.6 9^.4 94.4 74 94.9 95.5 72 72 95.5 96.5 1/ Three-month moving averages Per Cent Seasonally Adjusted b7F"“ — Unadjusted n.a. Seasonally Adjusted Industrial Use of Electric Power Unadjusted Index 10.5 Adjusted Index 1/ 102.6 93.6 8.4 103.6 6.6 116.5 120.7 6.8 132.0 5.1 3.7 3.3 3-9 3-5 4.1 4.8 5.1 4.4 4.7 4.1 4.2 5-0 141.6 127-9 146.4 129.1 129.4 135.3 135.6 134.0 133.4 134.1 134.0 133.8 6.0 5-3 4.6 118.7 137.6 135.3 5-7 n.a. Unadjusted Index 134.9© 93-3 102.5 106.7 104.2 129.3 185.2 67.6 67.2 1957-59=100 Adjusted . Adjusted . Millions Index 1/ Index 1/ of Dollars 103.0 109.1 94.4 97.3 99.7 96.5 97.8 101.3 102.5 98.5 104.0 112.9 106.7 220 203 178 217 211 204 114.0 111.5 ill.7 112.0 114.9 117.5 103.4 100.9e 244 185 H5.9 104.6 104.8 101.3 102.9 103.2 117.7e Not available Weekly reporting banka e Estimated Reporting stores located In Evansville and Vincennes, Indiana Millions of Dollars Adjusted Index Millions of Dollars 92.1 43 42 42 42 44 47 48 100.0 “ 100.4 99-6 99.9 111.8 117.0 95.4 112.5 125.1 129.0 142.2 44 Adjusted Index 141.6 141.3 139.6 139.6 140.3 146.9 159 155 159 159 160 163 115.7 116.3 118.4 163.7 159.1 161 163 119-3 120.9 118.0 117.5 119.6 Index 1957-59 - 100 Released March 29, 1963* Monthly data for 1960-62 available on request Research Department, Federal Reserve Bank of St. Louis. Springfield Metropolitan Area Manpower Utilization S e a so n a lly A d justed Production and Spending Banking Activity S e a so n a lly Adjusted Three-Month Moving A v e ra g e s S e a s o n a lly A djusted 1957-59=100 Total Loans* 1957-59=100 Check Payments' 140 130 120 110 1961 1962 100 1963 'Debits to demand deposit occcunts. except interbank and U S Government accounts PRODUCTION AND SPENDING_____________________ MANPOWER UTILIZATION Average Hours Worked (Manufacturing) Total Employment Unemployment Rate Seasonally Annual Thousands Seasonally Adjusted Averages of Persons Adjust!;ed Unadjusted Index Per Cent 1957 J.958 1959 1960 1961 5.4 -- 1962 n.a. 6.4 4.5 6.6 5-8 5.4 99.5 101.7 113.6 U3.2 117.3 1961 Seasonally Adjusted Industrial Use Of Electric Power Seasonally Unadjusted Adjusted Index Index 1/ n.a. n.a. 1962 1963 ’ All member bonis '*Demand deposits c l •nd■ ■ ■due’s bus ness o"0 'cccl govemm,nr, Check Payments Department Store Sales Seasonally Seasonally Adjusted Unadjusted Adjusted Millions Index 1/ Index 1/ of Dollare1 Index ' -69.13 ■" 96.5 99.2 96.5 111.0 107.1 110.8 100.0 115.2 99.8 125.0 102.6 A‘i bonis __________________ BANKING_______________ Demand Deposits of Total Loans Seasonally Unadjusted Adjusted Index 2/ Index 93.0 95.7 111.3 124.6 128.7 140.3 Individuals, Businesses and Local Governments Seasonally Adjusted Unadjusted Index iDd.* 3/ 92.8 101.0 106.2 106.4 110.0 115.2 1962 July Aug. Sept. Oct. Nov. Dec. 57 53 54 53 51 51 120.4 113.4 U6.0 118.6 114.2 114.4 4.7 4.2 4.4 4.2 4.7 5.1 Isa Jan. Feb. Mar. Apr. 50 115.8 7.0 n.a. n.a. n.a. 5.5 6.0 6.4 4.7 4.3 4.0 n.a. 5-3 n.a. n.a. n.a. n.a. 97.1 104.9 122.7 91.9 113.1 176.7 101.1 106.9 103.1 126 101.5 96.9 102.1 67.4 67.2 103.8 104.9a 126.8 144 137 133 127.1 124.6 125.1 128.5 131.3 140.2 11*8.8 143.6 143.6 150.4 152.4 142.8 146.5 139.6 140.9 148.3 147.6 112.0 113.4 U9.5 119.0 120.7 113.9 114.9 116.7 114.2 116.9 149 116 130.3 131.7a 143-5 147.3 145.7 153.6 115.6 114.5 116.7 118.6 144 139 128.0 119.6 May June 1/ FRASER Three-month moving average. Digitized for 2/ All menfcer banka, http://fraser.stlouisfed.org/ y All commercial banks. Federal Reserve Bank of St. Louis n.a. e Hot available Estimated Index 1957-59 1*>. Released March 29, 1963. Monthly data for 1960-62 available on request. Research Department, Federal Reserve Bank.of 8fc. Louis. Production and Spending S ea so n ally Adjusted Three-Month Moving A v era g es Fort Smith Metropolitan Area Manpower Utilization S e a so n a lly A d ju sted Banking Activity S e a so n ally Adjusted 1957-59=100 Check Payment* ---------------------- 150 Jonvory ■ ' i -L - l i j i i i i i 1961 1 i i i i i 1 i i i i i I 1962 i ■1 i i i 1963 j it 130 no no 90 U 1957-59=100 iou 130 - n Total bans on 1961 1962 1963 1961 1962 1963 "Debits to rt«nond deposit accounts, except interbank and U S Government occounfs MAHPCWER ITHLIZATJOW______________________ Annual Averages 1957 1958 1959 I960 1961 1962 1962 July Aug. Sept. Oct. Bov. Dec. JS62 Jan. Feb. Mar. Total Employment Seasonally Thousands Adjusted of Persons Index 9B.5 ICQ..7 99-8 95-8 100.0 112.4 35 35 35 32 33 33 117.6 H5.5 113-1 102.6 Average Hours Worked (Manufacturing) Industrial Use of Department Store Sales Electric Power Seasonally Seasonally Seasonally Seasonally Unadjusted Adjusted Unadjusted Adjusted Per Cent Adjusted Unadjusted Adjusted Index Index 1/ Index Index 4.6 36.4 66.0 102.0 100.0 5-9 38.5 100.34.8 39.6 112.0 97-8 6.6 39.4 91.4 123.5 146.6 6.3 39-9 96.9 4.6 107.6 39.7 219.5 Unemployment Rate 4.8 4.7 5.0 5.2 4.8 4.2 107.3 4.5 4.2 3-9 4.4 4.6 4.6 32 10B.8 6.0 4.2 38.6 41.2 n.a. n.a. n.a. n.a. n.a. n.a. 106.8 ______________ PRODUCTION AND SPENDING_________________________ _ 39.3 40.3 40.1 38.9 40.0 39-6 39.1 39.1 39.1 38.3 40.1 39.2 246.5 220.6 246-5 211.8 205.7 234.5 230.6 219.4 214.0 208.7 233-2 188.0 218.9 212.3 212.9e 206.1 92.1 Id.3 118.0 104.2 133.1 199-6 77.8 78.7 105.0 109.7 107.3 108.5 104.1 UO.O 113-9 118.5« ____________ BANKING Check Payments Millions of Dollars Seasonally Adjusted Index 95-8 98.7 105.5 105.0 114.8 136.7 Total Loans 2/ Seasonally Unadjusted Adjusted Index Index 95-8 96.0 108.5 115-7 125.8 143-5 Total Deposits 2/ Seasonally Unadjusted Adjusted Index Index 93^'" 100.5 105.7 10b.2 116.4 136.2 90 87 87 135.3 135.3 134.9 138.0 142.2 145.0 145.2 147.1 147.2 150.1 150.4 152.8 144.8 145.8 1*8.3 149-5 149.2 151.6 139.2 142.1 135.9 142.9 144.6 147.6 138.0 142.1 139-7 139.6 142.6 142.8 93 77 144.4 146.2e 151.7 152-4 153.1 155-0 141.1 140.2 141.4 142.1 87 84 80 Apr. MB7 Three-mouth Boring average n.a. lot available Digitizedyfor FRASER All coonerclal bonks a Satlaated Chart -vertical scales are about one-hall1 the size of those used for other areas. Released March 29* 1963, Monthly data for 1960-62 available on request Index 1957-59 m 100 Research Department, Federal Reserve Bank of St. Louis. SPRINGFIELD MISSOURI METROPOLITAN AREA ECONOMIC INDICATORS Indexes Seasonally Adjusted 1957-1959 = 100 MANPOWER UTILIZATION Unemployment Total Employment Rate Seasonally Adjusted Seasonally Adjusted Index i960 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1961 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1962 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 108.6 110.2 5.5 5.1 109.8 6 .2 110.3 n ^ .8 5.8 5.5 6.9 7.1 115.8 113.8 116.2 6 .8 1 15.1 6.9 116.9 115.6 u.5.7 7 -7 8 .0 7 .8 114.4 112.6 114.6 112.7 1 12.4 1 12.7 114.5 1 11.8 113.7 111.7 6 .0 6 .8 6 .5 6 .3 6 .3 5 .7 5 -6 113.0 113.8 114.0 116.9 116.4 121.0 120.7 120.5 120.4 113.4 116.0 118.6 115.6 114.4 1/ Three-month moving average 2j All member bank data 3/ All commercial bank data e Estimated 5.8 5 -4 5 -6 4.9 4 .8 5 .2 5 .1 5 .3 5 .8 6 .1 5 .9 5 .5 6 .0 6 .4 4 .7 4 .2 4 .0 PRODUCTION AND SPENDING Dept. Store Sales Check Payments Seasonally Seasonally Adjusted Adjusted Index i/ Index i/ 103.6 98.5 96.6 98.4 113.7 112.6 1 0 2 .0 101.5 1 00.2 11 1 .0 110.3 Total Loans Seasonally Adjusted Index 2/ 1 0 0 .0 1 10.2 111.2 110.2 99.1 112.4 119.6 122.2 127.0 122.0 123.1 123.2 124.7 124.5 127.8 129.1 125.4 126.6 98.9 98.1 95.4 96.7 97.8 100.5 110.8 112.2 111.4 113.9 113.8 113.9 n 4 .i 113.9 116.8 118.2 120.4 121.4 129.7 127.3 126.3 126.5 127.4 125.3 125.2 126.1 132.9 131.8 132.4 133.3 121.3 122.5 123.2 124.3 121.9 124.9 126.8 127.1 132.7 132.4 134.6 137.2 137.7 99.0 99.4 98.3 1 0 1 .4 1 0 4 .1 102.5 1 02.7 9 8 .3 9 8 .5 1 01.0 1 04.6 1 0 8 .4 106.1 1 02.4 1 0 0 .4 1 0 1 .1 106.9 103.1 1 01.5 9 6 .9 100 .3e 1 1 1 .1 109.7 110.6 110.4 1 24.6 125.1 1 28.5 129.2e 1 42.6 1 42.8 146.5 1 39.6 140.9 1 48.3 147.6 FINANCIAL ACTIVITY Demand Deposits of Individuals, Businesses and Local Governments Seasonally Adjusted Index 107.2 106.5 104.7 105.7 109.3 107.7 105.6 105.1 104.9 106.6 106.4 106.6 106.6 108.1 107.5 107.2 111.6 108.9 111.1 110.7 110.2 113.6 111.7 112.7 1 1 4 .0 113.6 116.0 1 1 7 .0 1 1 0 .3 1 1 5 .3 1 1 3 .9 1 1 4 .9 U6.7 1 1 4 .2 H6.9 119.8 EVANSVILLE INDIANA METROPOLITAN AREA ECONOMIC INDICATORS Indexes Seasonally Adjusted 1957-1959 = 100 MANPOWER UTILIZATION_____ Unemployment Ibtal Employment Rate Seasonally Adjusted Seasonally Adjusted Index I960 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1961 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1962 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 9 4 .0 95.3 93.5 94.6 9 4 .2 9 4 .3 9 4 .2 9 4 .4 93-9 9 3 .6 9 3 .5 9 3-0 9 2 .3 92.7 92.7 91.8 92.1 ______________ PRODUCTION AND SPENDING_______________ Electric Power Dept. Store Sales 2/ Check Payments Seasonally Seasonally Seasonally Adjusted Adjusted Adjusted Index 1/ Index U Index y 11 2 .0 6.5 119.0 95.8 92.9 92.9 95.6 100.3 98.5 98.9 97.7 100.2 99.8 100.2 97.3 7 .2 7 -1 7 .0 7 -7 7 -8 117.5 116.0 117.4 116.5 117.2 118.8 120.9 123.6 124.9 125.7 125.8 122.9 98.1 99.6 99.0 96.9 95.8 95.8 97.5 97.9 98.7 99.8 100.6 100.8 103.9 103.5 9 6 .7 122.6 124.1 127.4 129.0 101.1 102.1 102.6 105.0 105.8 106.4 107.7 1 11.6 1 1 1 .8 7.5 6.5 7.6 6.7 6.3 6 .6 6 .6 6 .2 6 .0 6 .6 6 .4 9 2 .5 9 2 .5 9 3 -4 9 3 -8 94-3 9 4 .2 9 4 .0 6.9 9 3 .8 9 4 .4 9 3 .9 9 2 .7 9 3 .3 93 .4 9 3-9 9 3 -8 9 4 .4 9 4 .4 9 4 .9 9 U.it 6 .4 6 .9 6 .6 6 .3 5 .7 6 .0 5 -8 5.6 5 -4 5.8 5 -5 5 -1 5 -1 4 .4 4 .7 4 .1 4 .2 5 .1 115.3 116.2 117.2 118. 4 119.2 H8 . 5 119.2 118.1 119. 4 12 1 .2 133-4 135.2 137.6 135.6 134.7 135.3 134.4 136.8e 1/ Three-month moving average 2/ Reporting stores located in Evansville and Vincennes, Indiana 3/ Weekly reporting bank data Digitizedefor FRASER Estimated 1 0 4 .6 1 0 4 .8 101.3 102.9 103.2 108.6e _____ FINANCIAL ACTIVITY Business Loans Total Deposits Seasonally Seasonally Adjusted Adjusted Index 3/ Index 3/ 1 1 8 .8 12 U .1 12 U .1 12 U.U 1 2 6 .7 97.5 97.5 99.0 98.6 99.6 99.5 100.9 105. k 106.2 106.4 1 2 6 .7 1 2 8 .U 1 02.6 10U .3 127.1 96.7 96.4 95.9 96.7 97.0 99.0 100.9 100.7 102.7 103.8 103.9 12 U.U 1 0 4 .6 1 2 7 .7 127.4 1 2 9 .7 1 06 .it 1 0 4 .5 1 1 0 .1 1 1 1 .6 1 1 2 .9 96.8 9 7 -4 102.6 103.7 103.3 105.8 106. 4 105.8 108.8 113.8 113.3 112.6 1 14.0 111.5 111.7 112.0 114.9 ll4 .1e 125.u 125. b 12 U .8 130. b 1 2 8 .4 1 2 9 .7 1 2 8 .7 128.1 127.7 1 2 8 .4 129.O 1 3 3 .7 113.6 113.0 113.6 1 1 3 .4 1 1 3 .4 1 1 4 .7 1 1 5 .3 146.9 1 1 4 .9 1 4 2 .2 1 3 9 .6 1 4 2 .9 1 4 4 .6 1 4 1 .9 l4 l .6 1 4 1 .3 1 3 9 .6 1 3 9 .6 1 4 0 .3 1 4 6 .9 U 7 .3 1 1 6 .4 U8.7 115.8 H 5 .9 1 1 5 .7 116.3 1 1 8 .4 118.0 1 1 7 .5 119.6 FORT SMITH ARKANSAS METROPOLITAN AREA ECONOMIC INDICATORS Indexes Seasonally Adjusted 1957-1959 ■ 100 MANPOWER UTILIZATION_____________ Total Employment Unemployment Average Hours Worked (Mfg.) Rate Seasonally Adjusted Seasonally Seasonally Adjusted Index Adjusted i960 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1961 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1962 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 95.6 95.0 92.8 96.2 95.6 6.6 6.2 9 5 -7 9 5 -1 9 5 -9 6.9 97.u 96.9 97.8 9 5 .6 9 7 -7 9 7 -8 99.6 9 6 .3 9 7 -0 96.9 98.4 99.2 1 0 1 .1 1 0 3 .4 1 0 4 .9 107.8 111.7 115.6 116.4 116.9 117.4 120.3 117.6 115.5 113.1 1 0 2 .6 106.8 107.7 1/ Three-month moving average 2 / All commercial bank data e Estimated 6 .6 6 .2 6 .2 6 .4 6 .6 6 .1 7.1 6 .8 7 -0 6 .2 6 .1 5 .9 38.9 39.6 39.6 39.6 39.^ 3 9 -k 3 8 .8 3 9 .2 3 9-7 3 9 .1 3 9 -1 3 9 -8 7 .2 6 .7 6 .8 6 .5 6 .7 5 .9 5 .5 5 .0 4 0 .1 39-4 3 8 .8 3 9 .8 4 0 .8 4 0 .0 4 0 .4 4 0 .3 3 9 .8 39-8 3 9-8 4 0 .2 4 .5 4 .1 4 .3 4 .6 4 .3 4 .3 4 .8 4 .7 5 .0 5 .2 4 .8 4 .2 3 9-1 4 0 .9 4 1 .5 4o .7 3 9 .8 3 9-6 3 9 .1 3 9 -1 3 9-1 3 8 .3 4o.l 3 9-2 6.9 ____________ PRODUCTION AND SPENDING______________ Check Payments Electric Power Dept. Store Sales Seasonally Seasonally Seasonally Adjusted Adjusted Adjusted Index 1/ Index 1/ Index 1/ 1 20.5 122.2 122.4 125.0 1 2 4 .4 125.6 1 22.5 123.6 1 2 3 .9 1 2 4 .7 1 2 4 .4 122.5 1 2 5 .5 126.9 1 3 5 .5 1 3 8 .7 1 4 0 .9 1 37.2 1 4 1 .0 1 4 7 .0 1 5 4 .4 l6 l.l 171.8 1 8 4 .1 19^-3 88.9 88.5 91.5 91.5 92.1 90.3 91.0 90.5 90.8 90.3 92.7 92.5 93.7 92.1 91.5 90.8 91.7 93.1 94.6 96.8 97.6 101.0 102.4 106.2 2 1 9 .4 2 1 4 .0 109.3 112.2 111.3 109.4 106.4 106.6 105.0 109.7 107.3 108.5 208.7 209.9e 1 0 4 .1 106.4 e 206.2 2 1 5 .8 226.5 2 3 2 .5 2 3 7 .5 2 3 4 .5 230.6 1 0 4 .8 103.1 104.3 1 03.3 103.6 1 02.7 1 04.7 107.2 108.0 FINANCIAL ACTIVITY Total Loans Total Deposits Seasonally Seasonally Adjusted Adjusted Index 2/ Index 2/ 112.2 112.4 112.9 112.7 1 1 4 .1 1 1 4 .9 1 1 6 .3 1 0 4 .6 1 07.6 1 1 8 .0 1 1 8 .6 106.2 107.6 1 2 1 .0 106.2 106.6 108.0 108.0 108.1 1 2 1 .7 1 0 9 .3 1 0 7 .7 1 11.1 1 10.4 1 12.2 113.8 115.6 116.8 H6.7 102.4 101.6 101.3 99.6 101.2 103.1 119.0 123.1 109.6 1 2 3 .4 1 2 2 .7 1 2 3 .3 1 2 4 .3 1 2 4 .8 1 1 2 .1 1 1 0 .5 1 1 3 .9 1 1 3 .1 1 1 6 .2 114.6 129.0 116.8 115.8 1 2 6 .4 1 2 0 .3 1 2 8 .4 1 2 2 .6 1 2 3 .7 117.2 119.5 123.6 128.7 1 3 1 .1 1 3 0 .9 1 35.3 135.4 134.9 1 3 3 -6 1 3 4 .7 1 3 7 .0 1 4 2 .6 1 4 1 .8 1 4 2 .8 1 4 4 .8 1 4 5 .8 1 4 8 .3 138.0 149.5 142.2 l4l.5e 1 4 9 .2 1 5 1 .6 126.6 1 3 2 .1 136.5 1 40.2 1 37.0 138.1 126.0 1 2 9 .7 1 2 8 .8 1 3 3 .8 1 3 4 .1 136.0 138.0 1 4 2 .1 139-7 139-6 1 4 2 .6 1 4 2 .8 March 29, 1963 EIGHTH DISTRICT ECONOMIC INDICATORS Check Payments . Total -, Deposits Business Loans by Banks Total . Employment ■=/ Department Store Sales 1957-59=100 Index ** 1957-59=100 Index * 1957-59=100 Index ** 1957-59=100 Index #* 1957-59=100 Index * 1957-59=100 Index * 110.9 lOb.b 102.8 110.8 99.5 llB.l 103.6 101.0 100.6 113.b 115. b 112. b lib. 9 lib. 6 117.6 117.0 116.3 117.b 119.5 li9.0 102.b lOb.b 105.0 106.0 107.0 107.b 107.2 107.8 IO8.5 108.8 119.7 109.7 118.3 122.b 110.2 119.6 103.7 105.5 108.6 120.1 120.8 lio.b 123.0 123.0 12b.b 12b.6 12b.5 110.b 110.6 110.9 111.2 122.6 120.2 118.8 120.1 111.1 119.9 123.9 Industrial Use of Electric Power i960 . =f 1961 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 106.1 106.3 108.2 108.3 110.2 109.8 110.6 111.7 113.8 u6.8 120.0 120.8 102.9 103. b 102.1 101.3 102.5 102.7 102.5 102.5 102.7 102.3 103.0 103.1 103.1 101.2 102.8 lob.o 10b.7 10b.2 105.1 105.1 103.5 120.6 120.5 120.2 120.3 121. b 123. b 122.7 118.b 117-3 1962 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 120.7 121.6 122.8 123A 109.3 110.0 128.2 123.6 102.1 103.6 10b.0 103.5 10b. 0 10b. 1 10b.1 10b. 0 103.7 103.7 103.1 102.8 109.8 130.5 lib. 8 115.6 117.2 126.1 126.6e 103.5 10b. 0 108.8 105.8e 131.1 133.6e 118.2 12b. 3 129.8 1 25.7 125.5 1 23.7 123.2 122.6 108.3 110.0 108.b 111.1 108.3 119.9 125.5 125.7 111.7 112.8 112.6 113.9 123.6 l2b.b 126.5 131.b 125.9 127.3 1963 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. * 118.6 128.9 125. b Seasonally adjusted ** Three-month moving averages of seasonally adjusted data e - Estimated p - Preliminary l/ Four centers combined - Memphis, Little Rock, Louisville, and St. Louis 2/ 22 Centers jJ Weekly reporting banks Prepared by Research Department Federal Reserve Bank of St. Louis