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April 1964
SELECTED ECONOMIC INDICATORS




R e le a se d - A p r il 2 9 , 1964

CENTRAL MISSISSIPPI VALLEY METROPOLITAN AREAS

ST. LOUIS

EVANSVILLE

LOUISVILLE

SPRINGFIELD, MO.

MEMPHIS

FORT SMITH

LITTLE ROCK
IMPORTANT NOTICE
A ll o f die employment series in this release
have been revised since the issue of March 30,
1964.
The changes reflect benchmark revisions
made by the local employment offices (with die ex­
ception o f Springfield), and updated seasonal ad­
justment factors prepared by this Bank. Employment
data for St. L ouis and Memphis reflect changes in
metropolitan area definitions.
Revisions of man­
power utilization data for January and February for
Memphis should be particularly noted.

Prepared by Research Department
Federal Reserve Bank of St. Louis




These data are presented as an aid for the analysis of economic developments in the Central
Mississippi Valley. The emphasis is on economic activity in the metropolitan centers. Because of
the complexity of the economic process, a more meaningful analysis can be made by considering the
entire set of indicators rather than relying on any single one. Moreover, there may be technical
shortcomings in some series.

A ll area data are presented in both unadjusted and adjusted-for-seasonal-variation form. Index
numbers are on a 1957-59 base. In addition, in order to smooth erratic fluctuations, the indexes of
electric power, department store sales, and check payments are averages of the indexes for three
months, centered on the middle month.
The index of industrial use of electric power is based on data provided to this Bank by
public utility companies, and by individual firms using self-generated power. Employment data are
developed by the respective State Employment Security Offices. Sales figures are provided by
cooperating department stores in each center and represent only a portion of total retail sales.
Check payments are reported monthly by all or a sample of commercial banks in each area. Check
payments are debits .to demand deposit accounts, except interbank and U‘. S. Government accounts.
The data for deposits and business loans provided by weekly reporting banks are monthly averages
of weekly data. Deposits include time deposits and demand deposits other than interbank and
U. S. Government, less cash items in process of collection.

The consolidated regional indexes are based primarily on combined data from the metropolitan
centers. The consolidated index for check payments is based on reports from the 7 metropolitan
areas and 15 other centers and includes 94 respondent banks. Department store sales include
reporting stores in the metropolitan areas and in 11 medium-size cities.

Footnotes for charts:
Three-month moving averages (except
latest month, which is a two-month
average)
Weekly reporting banks

3. Includes stores in Vincennes

5. A ll commercial
banks

4. A ll member banks

n.a. Not available

Production and Spending

Manpower Utilization

S e a so n a lly A d ju sted

S e a s o n a lly A d ju sted

Three-M onth M ovin g A v e ra g e s |_1.

Summary ludicators
The Region and the Nation

Banking Activity

Bank Deposits

1962

1963

1962

1964

1964

1963

Prepored by Reseorch Deportment
Federal Reserve Bank of St. Louis

P R o m m a s a s p gpgspiHo

■m

Annual
Awegra^e*
1957
1958
1959
I960
1961
1962
1963

6 g a r - MB B J a g g g *
BBBlOBNKBt
United
States
B»gbqo
Region
101.7
98.0
100.3
ICO. .3
99-8
Id .9
10k .5

100^
97-9
101.3
1030
103-1
106.2
108.7

100.4
98.7
100.9
102 .b
102.7
10k .6
107 .1

Meinu efrtolaae

111.5

io 4 o
96.6
99-3
99^
9k-5
96.7
99.3

98-1
98.9
98.9
99-1
99-6
99-9
99-9
100.3
100.8
I d .3

Id .9
I d .3
ld .O

99.5

98.8
i d .7
10k. 0
105.3

108.3

103.5
96-1
100.4

Industrial itee of"
Electric Power
. Unite*!
Region y
Steeteg

Ttrrmri lmrif

mm

seiee. 2/

Ragtag

Sfcebeg

97-4
98.3
104.3

96
99
105

96.9
96.9
106a
UO^

109
114
118

116.5

99-6
92-7
107.7
110.6
112.3
123-9
133-5

97-6
95-3
107-1
112.5
114.8
122.8
131^

111-8

124.2
130.3
132-6
132.2
136.5
132.5
133-1
134 a
133.5
134.5

112*1
112.3
112.6
112.5
114.5
112.5
111.8
109.9
ILL. 9
116.0

116

103-2

, 129^
"1 2 9 .9
132.3
133.6
136a
135.6
136a
138a
137.8
138.4

103-1
ior-5
103-8

137-0
137-3
137-7

134.8
a -a ..
U.&.

119.0
119.6
118.9

id a

98.4

101.6
102.6

...............................
flmnt Pejnsents 1/
Unite!
States

102.8
103.8
109a

106

95.9
96.4
107.7
113.4
119-6
131.9

.......................

bakk A c n r n r

Bnalne** Loons
United
Stafcee
Region
Id . 9
94.6
103.5
118.1

120.2
123.6

1240.
i4 o o

143.6

132.4

117
117
119
122
123
120
117
119
122

130.9
135.7
137.5
141.5
1400.
145.6
146.3
145.9
1470
146.7

136.7
1400
140.3
142.0
142.9
146.6
147.4
148.7
145-7
150:5

127.2
129.0
130a
131.0
132.3
1340
135.6
137.2
140.0
138.3

125
n-&.
s .a .

148.4
146.5
142.6

150.3
150.3
148.7

134.9
136.2
137.3

100.7
96.5

102.8
1130.
015.3

121.1

129.4

Bank Da-posits 2/
United
States
98.2

92.7
100.2

1GI-0
99.5

107J.

107.0
112.7
121.8

109.7
019.5
127.6
137.6

118.5
119.3
120.7
121.4
121*6
1230
123-6
124.7
126.3
126.9

134.3
1350
135.8
136.5
137.4
138.7
140.0
1410
142.5
142.4

127.8
1280
129.4

1450
144.7
145-9

100.a

1963
Mar.
Apr.
jaae
July

Aa%.
Sept.
Opt.
Nov.
See.

103-6
1040
10k. 0
10k. 3
10k .6
10k.9

107-9
108.2
108.5

106.4

105.0

1090
109-3

105.5
105-8
105-7

109-5
109-8

lOfi-1
108.3
1C7.9

110.5
110.7
lllO
111.5
111.8
112.0
112.2
112.6
112.6
112.9

110.0
110.6
110.7

109*2
109*4
IO6.9

113-2
113-9
Uk.O

108.8
109J.
109-6

106.8
106.5
106.9
107 .k
107.4

107-6

ic e o
102.6

103-0
102.9

103.0
102.6
102.9
103a
102.8

126.8
127.5
1280
126.6

129-0
129.6
130.3
131.6

133.2
134.8

126%
Jea.

106.7

106.7
 Feb.
Her.
106.3


136.9

1360

137.2

Production end Spending
Season ally Adjusted
Three-Month Moving A verooesj]

S t. Loois Metropolitan Area

Banking Activity

Sank Deposits

1963

1962

1964

P repored by Research Department
Federal Reserve Bank of St. Louis

Annual
Averages

MANPOWER UTILIZATION
Total Payroll
Ndnuuiufacturiag
Employment
t e l«w n t
SeesanaBy
SeawnanHy
Thousands
Adjusted
Thousandi
Adjusted
o f Persona
J *te.
pf Person*
la t e
X01.8

1957
1958
1959
I 960
1961
1962
1963

100.8
96.9

96.1
100.0
101.0

100.3
102.1
101.7
102.7
10k .8

98.7
99.5
101.7

MtanrfacturiSg" Uaenploynent
B n loneift
Rate
Seasonally
Adjusted
Seasonally
iBBfJC
Adjusted
103.7
96.8
99.5
99.2
93.3
93-9
96.2

PRODUCTION AND SPENDING
Industrial Use of
Beiirbpeat Store Sates
Electric pcwer
.Seannnal ly
Seasonally
Unadjusted
Adjusted
Unadjusted
Adjusted
tete
Id t e i/
. M i
In te l/

a ^ i.
n.a.
5.5
4.7
6.1
5.4
4.7

BANKING ACTIVnT
Cbtek Payments
Seasonally
Millions
Adjusted
o f Softtete
In te l/

98.2

96.0
96.6

103.7
10k. 2
102.6
105*4
106.5

105.4
112.9
117.1
125.3
140.4

96.0

97.7
9k.8
107.5

106.9
109.5
117.0
127-5

SKSitess Loans %I
Seasonally
Millions
Adjusted
Of Dollars
Index

Beak Deposits £/
Seasonally
Adjusted
Millions
Index
o f Dollars
99.2
101.8
99.0
9k.e
101.2
10k.3
110.7

103.1
92.3
104.6
120.0
117.0
119.4
124.6

12*2
Nsr.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dee.

727
737
739
750
7k9
7k6
752
756
758
755

100.9
101. k
101.1
101.5
102.0
im .9
102.1
102.6

7k3
741
74k

475

10k .2
10k .k

469

10k.9

103.0
102.7

496
499
496

105.2
105.9
106.1
105.6

97.4
97-8

4.6
4.1
4.8
5.0
4.8
5.0
k.5
4.3
4.3
4.7

10 3 .9
103.8
103-2

486
484
487

107a
107a
106.6

96a
97.5
97.3

4 .4
4 .5
4 .0

46k
k8k
k92

tl1

49k

10k a
10k .6
105.2

95-3
96.1
96.0

96.0
96.k
96.7
96.6

96.8

127.D
12k. 2
122 JL
138.9
125.3

124a
124.8
125.4
126.7
12B.9

1C7.1
107.3

130.0

92*9
99.7
105.5
107.0
86.0
10k .8

136.4
125.2
132.8
128.4

130.1

109.6

106 a

124.9
137.1
1 3 2 .5

126.8

131.6
131.9

102.2
122.3
157*5

103.8
106.0
109-9

3,552
3,681
3,821
3,755
3,953
3,58?
3,775
4,206
3,599
4,145

130.9
132.0
1 3 3 .4

8 7 .3
8 2 .8
xooa

1 1 3 .0
113.0
1 12.3

4,197
3,4 4 6
4,081

132.6

108.6

106.0
109.5
107.4

133.6

131.6

1,286
1,306
1,26k
1,303
1,312
1,306
1,317
1,33k
1,338
1,372

109.k
109.7
110. k
110.7
111.2
111.7
112.5
113.3
113.9

124 a
124.0
128.4

1,383
1,356
1,363

113.8
U k .l
115.1

120.7
120.9
122.0
122.2
121.9

144.7
146.4
147.1
147.0

393
392
398
400
406
420
421
43k
k49
44k

148.2
146.3
lk l.7

k09
403
ki6

137.7
140.9
141.7

138.6

143.0

123.8

125.2
126.9

132.2

IG6.9

196k
Jan.
Feb.
Nsr.




Production and Spending
Seasonally Adjusted
Three-M onth Moving A verages jl_

1957 -59=100

19 5 7-5 9 = 10 0

Industrial Use of Electric Power

Monpower Utilization

Louisville Metropolitan Area

S ea son a lly Adjusted

Banking Activity
Seasonally Adjusted

1957-59=10 0
150

195 7-5 9 = 10 0

140

140
_________________

\*

130

130

M arch

120

120
______

no

110
, L i .L .l - L - I

1, 1..I

i,l-

» >

1i

t

1L

I

1. 1—1— ,,,l, I... 1. .1. . . l.,,l. 1.1 l,,.!... 100

Sank Deposits
140
130

130
M a rc h

120

120

no

110
..U J , IIIII1, 1..L,JU

1963

1962

■ ‘

1>

I

1-. 1 I 1—1— 1—

i i

1963

1962

1964

11

i . 1. 1. 1.1

1964

Prepared by Research Deportm ent
fe d e ra l Reserve bonk ©I St. Louis

u m aasnoR
Manufacturing
Bttmlwwuinit
l®a.bynaot
Seasonally ^enneriiiliy
Thousands
Adjusted
Adjusted
^ P e r s o n s ...Index
... JM rk.,

Annual
Averages

1024
97-1

1957
1958
1959
I 960

9B..a
9B.0
101.0

1961
1962
1963

2

.

J u ly

Ass.
Sept.
Oct.
Jtev.
Dee.

100.5
97.9
101.6
im .9
ld 4
i@4.4
106.4

103.5

3
253
294
256
256
256
255

102.7
K S .3
103-0
103.3

103.6

103.9
103-9
104,A
10k. 5
104.7

Seasonally
Adjusted

xnouBlardal 'use o f

'

Unadjusted

Seasonally
Adjusted

Unadjusted

Seasonally
Adducted

Millions

Seasonally
Adjusted

. . . t e s ...

.jm tM .

.J a s u ..-

.JossM.

s t a t e

..m p J l

44
44
44
44
4.5
4.6
4.4
4.1
4.1
4.2

1074
I I 7.9
H 1 .7
132.3
114*8
120.2
123.7
115.5
124.1
120.1

4.3
4.1
4.2

127.6

122.0

80.1

754

119 .©
120.2

119.3

123.5

io 3 ;i

120.7

96.8
974

166

166
166
166

106,8
106.9
107.0

100.2

108.6

101.3
Id . 7

97.8
98.0
98.7
99.4
99-5

100.4
100.7

BAWQBQ ACTIVITY

'

5.4
6.6
6.5
6.6
7.4
54
4.5

106.0

166

Otoiepdassaent
R^cte

1064
95.7
97.7
S6.7
91.7
95.2
SB.?

1064
105.9
106.3
106.4
106.6
106.4

159
164
167
167
16?

sernam

PBOPumas asp

mahpcwbr

Total Payroll
...... Employment .... ...
Seasonally
«
AdJunted
pf Persons
JWtex

104.9

99-1
974
1034
97.9
99*4
106.4
110.0

91.6

103.3
1044
100.5
109-3
H 7 .3

H 1 .9
U 3.2
I I 7.4
117.9
121.2
I I 9.7
120.6
121.2
121.9
121.8

934
112.7
101.1
1034
93.7

106.9

110.2
1054
130.6
228.7

108-0
1074
107.9

109.2
U 3 .3
112.9
112.4

109.8
110.6
114.0

Business Loans £/
Seasonally
ftHTJ trm*
Adjusted
o f Dollars
Index

97-9
S 74
10h.5
103.4

106.1
LLUO

126.2

1,022
1 , 0S©
1A34
1,093
1,224
1*K29
1,134
1,240
1,087
1,374

116.3
H9>9
1214

126.2
125.7
1304

129.3
129*0

131.2
135.7

142
141
139
. 140
144
139
139
141
150

168

Sank Deposits 2/
Seasonally
Adjusted
Index

Mill loas
Of Dollars

10k. 9

99.3

97.4
97.7
109.4
115.9
114.4
127-3

101.2
99.6
104.0
110.9
116.1

125.1
125.5
127.3
127.3
130.3
129-.5
129-7
128.9
128.3
127.9

99.5

493

U 6.0

490

116.0

468

117.2
JLlfl.5
117.0
119.0

502
489

498
499

119.0

500
519
511

120.0
121.4
121.3

521
513
514

120.5
I I 9.6
120.9

a ft
251


Feb.
251
http://fraser.stlouisfed.org/ 250Federal Reserve Bank of St. Louis

105.9
106.2
IO5.2

163

162
162

io a .7

108.1

100.2

114.3

121.3

1,323
1,077
1,207

137.7
135.3

129.0

l 6l
150
142

133.6
133 *1
124.9

100

Production and Spending
Seasonally Adjusted
Three-Month Moving AverageslX

Memphis Metropolitan Area
Banking Activity
Seasonally Adjusted

1 9 5 7 .5 9 = 1 0 0

Annual
Average

MANPOWER UTILIZATION______________________________________
Manufacturing Unemployment
Nanmanufacturlng
Total Payroll
Employment
Employment
Employment
Rate
Seaenwel 1y
Seasonally
Seasonally
Adjusted
Adjusted
Adjusted
Thousands
Thousands
Seasonally
Index
of Persons
Adjusted
of Persons
Index
Tndrt
100.3
98.2
l o i .5
103.9
104.0

1957
1958
1959
I960
1961
1962
1963
i2 &
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct*
Dot.
Dec.

98.9
99.0
102 A
"103.9
104.6

106.1
106.9

203

206
206
207
207

108.0
106.4

106.6
106.6
109.1

206
211
211
212
212

109.8
110.2
110.0

207
209
209

111.4
111.3

109.2
109.3

106.6

104.8
95.5
99.7

103.8
1Q1.1
104.4

109.5

106.6

105.9

160
160

106.6
109.0
109.0
109.2
109.6
109.9

163
163
164
165

107.0
107.0

110.5
110.9
110.7

107.5

157
159

160
159

110.1

106.6
107.0

107.5
107.5

106.0
106.0

PRODUCTION ARP SPENDING_________
.
Industrial Use of
Check Payments
Electric Power
Department Store Sales
Seasonally
Seasonally
Seasonally
Millions
Adjusted
Unadjusted
Adjusted
Unadjusted
Adjusted
of Dollars
Index 1/
Index
Index
Index 1/
Index y

5.0
6.7
5.3
4.8
5.3
4.4
4.0

4.4
4.1
3.9
4.0
3-8
4.0
3.7
3.6
3.5
3*8

98.7
66.6
114.7
118.1
131.9
155a
163.5

163.4
157.3

156.2

157.5
157.5

163.6

177.4
153.0
156.5

166.4
169a
164.9

170.2

165.6

163.9

167.9

176.0
165.6

167.8
169-L

2£ 2a

164.3

114.0
u . 4.1

Bank Deposits £/
Seasonally
Adjusted
Index

Millions
of Dollars

101.0
97.1
101.9
117.1
123.6
130.4
141.5

95.4
107.8
112.8
124.1

126.6
150.9

95.6
99.4
105.0
106.6
120.9
131.3
150.I

136.4
204.3

314.7
112.6
113.0
112.6
113*6
116.7

1,067
1,132
1,223
1,097
1,303
1,255
1,271
1,755
1,519
1,510

135.4
143.0
145.5
154.6
156.4
167.2
167.8
161.2
158.9
154.1

261

131.9
137.9
138.9
140.9
143.9
147.1
149.6
146.9
154.0
149.6

9Q..0
o6.6
107.1

I I 94
120.6
120.2

1,404
1,137
1,266

156.4
154.0
150.4

269

146.1

747

267
255

58:?

8

104.9
116.9
100.3
98.9
112.3
110.9

112.6

113.7
113.9

19 5 7-5 9 = 10 0

BARKING ACTIVITY
Business Loans £/
Seasonally
Millions
Adjusted
of Dollars
Index

96.6

93.3
97.3
109.4
104.4
102.9
109.9
113.5

100.0

Business Loans

220
219

206

202
203
213
227
259
287

634
652
667
667
668
687
688

683
706
735

142.8
144.8
148.2
147-9
149.8
152.6
153.8
155.9
159.5
161.5

1264
Jaa.
Feb.
Mar.




110.6

160
162
162

111.2

106.4

112.4
112 JL

106.2
106.6

4a
3-9
3*6

172.7

161.8

162.0

158.9

166.5
169-3
170.0

Production and Spending
Seasonally Adjusted
Three-Month Moving Averages H_

195 7-5 9 = 10 0

Industrial Use of Electric Power

19 5 7-5 9 = 10 0

Little Rock Metropolitan Area
Banking Activity
Seasonally Adjusted

1962

1963

1964

1962

1963

1962

1964

1963

1964

P repared by Research Department
Federal Reserve Bank of St. Louis

tamal
Averages

HftHPOWZR UTILIZATION_____________
________
Total P ayroll
Rneaeraifacturlag
Mm rfacturlng Unanployaant
Finpl oymBPt
Eeployeent
Qnplcrynexxt
Rate
Seasonally
Seasonally
Seasonally
TheneiiTiin.
Tbouaaads
Adjusted
Adjusted
nsesonally
Adjusted
o f Pereons
Index
at Persons
Index
Index
Adjusted
97.0
99-7
103-3
106.7
106.4

1957
1956
1959
I 960
1961

96.1
99.7

102.2
106^
106a
112.6

113.0
118.0

1962

1963

91.8
1000
1080
109.2

110.0

117.6

114.8
120.4

116.1
116.8

116.2

_______________
PRODUCTION AHD SPENDING_______ ___________ -________.
jtn&ustrial U*e o f
Xaeetrlc Power
D e w t n n t Store Sales
Cteok P aren ts
r.es tineal l y
Seasonally
Baser— ITy
ladjuatod
Adjusted
Unadjusted
Adjusted
Win I n e
Adjaeted
TfxWy
Index
j* m i/ at Dollars
92.0
94.1
113.9
123.9
127.6
141.6
141.9

4.5
5«6
3.7
3-9
4.7
3*6
2.9

99.5
96.5
102.0
97.2
95.4
17.4
102.7

_____________ BAHKfflG ACTT/HT
’
Business ! » ! /
Beak Deposits V
Seasonally
Seasonally
wn
Adjusted Millions
Adjusted
at Dollars
Index
Index
nf Dri1" *
91J.
95.3

91.9
97.9
110.2
110O
117.0
128.3
157.7

95.7
100.2
lOkO
107*7
117.2
124.6
135.6

113.6

131.9
150.2
154.0
174.6

m
M r.

Apr*
My
Jane
July
tog.
Sept.
Oct.
So*.
Dee.

87
69
69
90
90
91
92
92
92
92

116.0

117^
117.6
118.4
118.5
118.7
118.9

120.2

71
72
73
74
74
74
75
75
74
74

118.5

116.9
119-1
120.5
122.7
124a
1240.
125.5
127.7

120.6
121.5
1 2 ia

72
73
73

U 9 .5
120.6
119.7

126.3
125.5
126.6

116.7
117-1
117.5

118.8
119-3
119-7

119.8

120.4

119.2

115.5

3-3
2.9
2.9

2.8
2.8
2.8
2.6
2.6
2.8
2.9

143.5
131.0
1070
135.9
120.6
121.7
157.3
157-5

166.6
154.8

143-6
1400
140.5
1420
145.3
1450
143.8
1410
1370
137.3

93.4
IOOO
102.9

104.?
104.5
103-1

84.9
101.7
100.4
124.6
194.2

103.7
101.6
100.8
100.2
101.6
106.7

£1

gH

87.8

100.6

103.0

163.6

314
325
378
311
387
338
345
446
341
431

139.6
1490
149*9
158.4
155.7
164.3
167.2
165.3
175.8
172.2

37
39
4l
41
41
44
43
44
45
44

170.3
172.9
174.2
177.5
184.7
187.3
185.2
183.5
179.2

394
314
367

174.4
162.0
154.9

44
43
44

181.4
186.0
191.1

195
196
203
204
20k
211
209
209
211
214

128.6
130.7
13k.2
135.5
135.6
137.5
139.4
140.7
143-7
lk4.2

js »
Je*.
M b.
FRASER
M r.

89
90

Digitized for
91


2.5
3-1
2.4

130.5
143.5
131.3

1320
131.4
1280

96.5

110.9

216
21k
217

1440
140.9
143.6

Production an d Spending

Evansville Metropolitan Area

Bonking Activity
Season ally Adjusted

19 57-59=10©

Business Is n s

19 5 7-5 9= 10 0

B isk Deposits

1962

1963

,1 9 6 4

Proparod by Research Deportment
Federal Reserve Bo-nk of St. Louis

'w sm m n ssnr

-is s rs s ra r
t e * ....
i M

l

1957
1996
1999
I960
1961

106.9
97-4
95-7
* .5
94.0
96.9
100.0

1962

1963
1963
MB'*
Jfrr.
*tor
Aw
J®ly
tef
Sept.

to.

Dvr.
See.

fffljwtsfl
l^ B X

toj*wto&

64
67
67
66
66
67

kO

fiee annaVIy

mm

6j6

jm m j/S B B L ,
PUMEtaiSiTt Store totot *
Qieto p^nwnte
Seeennel1y
fieeeewelljr
IWMJwrtefl
Adjusted
HBXltoto
MJtictoA
1/
Soils®*
latex 1/
In6|9(

66.5
63-9
86.1
».e

6*6
6*6

104.3
105.1
105.3
IO6.3

90.6
92.7
93-1
92.4
92.7
90L.3
90.9
90-9
92.4
94.6

4.4
3.7
3.4
3.9
3.7
4.2
3.9
4-2
4.2
3-6

149-6
153.6
150.8
102.3
155-6
152-5
170.9
156.3
164-5
155.6

1J0.B
151.9
153.9
153.9
155.4
155.2
156.3
163.0
164.5
I 69.O

93.7
105.4
107.3
126.4
96.2
117.4
106.5
101.0
115.7
175.7

107.5
109.5
U3J.
113-4
115.7
110-2
100.9
99.0
100.2

192
207
219
019
244
213
202
231
217
233

97.5
95-3
95-3

3.7
3-4
3.3

152-8
171-9
152-2

17?.7

66.5
65-3
64.3

10L-2
99.3
97-3

260
205

126.6

165-2

220

122.6

67
67
66

106.1
107.1
107.1
106.6
106a

66
66
66

102.9
1GQ..5
1CB.A

40
40
40

105-7

67

A to to A
Istex

Etodtote S e w
SttMniiUjr
liiwljnekell
Itowt
-&&&y

113.7
95.5
90.8

42
42
42
42
42
42
42

kl

**«

102.1
96.7
99.3
1002
ia .a
103-2
105-6

96.6
99.9
100.3
100.6
1GEL.0
99.9
100.4
100.4
100.7
10L.3

41

Bm loaeBt

106.9

101.5
90.2
106.3
119.3
121.0
139-6
155*

10.5
6.4

5.0
4.1

103.0
9T.3
99.7
ICQ.-3
102.5
112-9
119.7

109.1
94.4
96.5
97.8
96.5
104-0
106-7

107-0

Btolaets Lotas V
H e a e if llj
Adjwtad
0 t Dollar*
latex

112*9

116.0

118.4
1 2 ia
1 2 ia
122.3
120.9
120.3
124.0
126.7

Sate Dejoeits 2/
R ta tftn y
Adjusted
of Dollere
lades
100.0
100.4
99.6
99-9
111.8
117-0
122.6

92^.
95.4
112-5
125a
129-0
142-3
154.4

47
46
47
.48
46
47
45
46
46
47

151.1
149.8
151.1
153*5
155.4
155.8
155.8
158.1
159.7
158.1

172
170

119.4
118.7
121*. 5
122.6
123-4
125.6
125.0
125-7
125-8
124.6

47
47
49

149-5
151-5
157.1

172
171
175

125.9
126.9
131.5

159

160

164
166
167
168
166

169

1964
Jto.
M .
tor.




106a

105.6

168.3

128-0

Manpower Utilization
S e a s o n a lly A d ju s te d

Prepared by Research Deportment
Federol Reserve Bonk of St. Louis

mmrm wsuztmm

Arrmtw1
Avemges

Total Payroll
Employment
Seasonally
Thousands
Adjusted
of Persons
Index

1 0 0 .0
9k.9
105-1
111.5
109.6
109.3
1 1 2 .1

1957
1956
1959
I960
1961
1962
1963

prodpctiok asp s p e spsi &

Jkmaanufacturlng
Enployment
Seasonally
Thousands
Adjusted
o f Persons
Index

«sBiufacturing
Employment
Seasonally
Adjusted
lad**

HhtiyT nywOTt
Rate
Seasonally
Adjusted

104.4
93-0
102.6
106.8
106.1
105.0
108.0

87-5
100.3
122.2
124.6
119-4
121.5
123-5

106.5
107.2
106.9
107-2
107.2
109J.
109a

122.5
122-5
222.5
122.5
122.5
124-6
123-6
125-7
125.7
125.7

4.5
4.6
4.4

135-2
132.0
132*0

5*2

Industrial Use of
Electric Power
Seasonally
toedJusted
Adjusted.
Index h/
Index

Department Store Sales
Seasonally
Unadjusted
Adjusted
Index
Index y

92.0
97-0
1 11.0
139-5
2 44.4
170J.
1B2.9

5-1
6-4
4 -5

6jS
5-8
5>
1 -7

bakku ?
g ac tivity

Check Payments
Seasonally
Millions
Adjusted.
o f Dollars
Index y

Total Loans ^
Seasonally
Unadjusted
Adjusted
Index
Index

89.8
99-2
1 1 1 .0
110.8
115-2
125-0

96.5
96.5
107-1
100.0
99-8
102.6
107-6

Demand Deposits of
Individuals, Businesses ,
and Local Governments -*
Seasonally
Adjusted
toad Justed
Index
Index

92.8
101.0
106.2
106.4
110.0
115.2
120.4

93-0
95-7
111.3
124.6
12B.7
140.3
157-4

1 34a

i2§2
Mar.
Apr.
Msy
June
July
Aug.
Sept.
Oct.
Hcv.
See-

39
40
40
4l
4l
42
42
42
4l
41

110.9
111.2
110.9
111-2
111-2
113-2
112-9
113-4
113.4
113-4

41
41
41

114.8
115.1
225.4

26
26
29
29
29
30
30
30
29

29

10^1
109-1
109^L

r3

5-0
5.5

158-2

282-6
184.9
181.6
180.7
184.0
183.5
185.O
184.4
282-2
285-5

93.9
108 a
204-7
97.7
S7-4
111.9
123-3
97.4
127.3
194-5

165.7
283.5
267.6

183.0
188.1
186.7

101.2

168.5
170-0
178-5
214-7
190-2
207JB

4-5

206-2

3.3

171.0
192-0

3-8
4.4

104-7
105-4
104-5
104.9
106-3
107-8
109.4
111-7
111.5

130
l4 l
138
130
154
14?
246
152
240
149

111.5
110.6
112.2

TO

106-6

151.0
• 152.0
152.4
154.9
158.5
157-3
162.4

126.6

119.5
120.8
121.9
123.3
123.9

139.3

145-6
150.5
149.0
157.5
157.7
159.8
164.9
171.3
163.4
178.5

169.8

126.9
133.4

122.7

141.6
144.9
146.-0

177.7
153.7
167.5

182.9
156.4
174.1

124.7
122.7
128.9

125.9
126.3
130.9

132*4
133.4

130.1

131.7
133.5
138.9

135.5

134.3

136-6

167.6
162-6

115.9
115.1
114.2
116.8
117.9
H 9 .7
127.4

118.1
117.3

119.8

123.0

±2fit
Jam.
Feb.
Mar.




26

26
29

1307-6
109JL
209.5

.

3.7
3a

66.9
74.4

157
127

Production and Spending
S easo n a lly A d ia sSod
Tbroe-Mondi Moving A w r a y s |1

Manpower Utilization
S e a s o n a lly A d jus tod

Prepared by Research Department
Federal Reserve Bank ol St. Louis

Ctart wartlcal armies ere about ane-taalf the elec af those used for other areas.

Annual
Averages

HAKFJWER LTILIZATICB______________________________________
Total Payroll
ftonaaaui'acturiag
Manufacturing Unemployment
ESn^ioynent
2s£n*.ayKnt,
Ecployaent
Rate
Seasonally
Seas mol 1y
Seasonally
1v
’!Sv«!iBi)nHc
Adjusted
Thousands
Adjusted
Adjusted
Tm m
(af Persons
Index
of Persons
Index
Adjusted

1957
195fi
1959
19°C
1961

9S.3
101. C
i x .7

96.4
101.1
121.8
126. 4

1962

1963

__________________________PRODUCTION AKD SFETiDIKS____________________________
Industrial Use of
Check Paymente
Electric Power
Department Store Sales
Seasonally
Seasonally
Seasonally
Unadjusted
Unadjusted
Adjusted
Adjusted
Millions
Adjusted
Index
Index 1/
Index
Index 1/ of Dollars
Index 1/

4.8
5-9
4.6
6.6

95*6
101.7
96*5
9£*7
97.2
114.7
121.3

95-2
99*9
104.9
103*5
106.5
135-4
136.2

12C.2
120.9
120.9
121.6
122.2
122.2
122.9
122.2
122.2
121.6

132.4
129*8
131.1
132.4
158.7
139.9
138.7
142.1
139-9
137.*

4.5
4.5
4.8
4.8
4.7
4.2
4.7
3-6
4.2
4.0

213.4
227.1
131.9
241.4
232.1
229.9
237.1
220.5
231.6
203.3

214.6

106.8

221.1
215-7
220.9
221.7
224.4

114.6
111.3
107.5
113.4
110.9
106.4
137.2
203.3

120.9
121.6
120.4

141.2
136^

3.6
3.9
3-9

194.5
242.2
205.2

227-1
224.8
223.2

6.3
4 .6

4.4

88.0
IX . 0
112.0
123-5
146.7

102.0
IX . 3
97.8
91.4

219.6
219.6

107.8
114 J.

_____________ BAKKIKG ACTIVITY
Total
Unadjusted
Index

Bank Deposits 5/
Seasonally
Adjusted
Index

Unadjusted
Index

95.6

95.8
98.7
105.5
105.0
114.8
136.7
150.9

96.9

Loans 1/
Seasonally
Adjusted
Index

93-8
IX . 5
105.7
104.2
116.4
136.2
150.1

96.0
106.5
115.7
125-8
143-5

160.8

1rvZl-i
Mar.
toy
June
July
Aug*
Sept.
Det.
Lot.
Dee.

25
29
?9
29
30
30
30
30
30
29

12k. 4
12a. 0
124.4
125.3
127.6
126.3
126.3
126.7
126.3
127.0

16
19
IS
ie
IS

ju .

29

127-8
126.6
126.4

16
l£

Ar.r •


>eb.
29
Mar.
30


19
19
19
19
IS

18

136.0

219.5
216.3
221.3
226.0

97-5

77.4

81.6
99.6

114.5
115.6

142.1
146.6

167.2

157.6
156.5
159.3
160.6
161.2
161.7
164.2
164.8
165.9
166.5

166.6
173.5
174.7

170.8
177.4
176.6

155.5
157.1
158.8

112.3
106.9
109.5
110.1

89
SI
91
85
IX
95
93
99
89
99

147-7
151.2
147.4
151.3
150.6
154.9
152.2
151.3
154.6
156.6

155.7
159.3
161.4
162.8
161.5
162.2
164.0
165-5

113.0
113.8
114.6

1CXL
86
95

159.9
159-4
156.7

119.6

122.3
122.8

116.1

166.0

147.0

150.6
151.3
150.9
154.9
156.3
157.4
162.5

145.1
147.1

149.0
15c .6
15G.5
152.1
156.2
153.8
154.5
156.5

157.1
160.1
16P.2




CHECK PAYMENTS I N 'm T RTKEN MEDIUM-SIZE C IT IE S

Mar. 19614(In millions)

i/

tor. I96I*
compared with
Feb. 1961*
Mar. 1963

22.8

-

E l Dorado, Ark.

1*1 .1*

G reen ville, M iss.

Cape Girardeau, Ms.

$

2 i

-

7#

+ 15

+

6

i*i*.o

+

9

+ 11

Hannibal, Mo.

16.1

+

8

+

7

Helena, Ark.

13.6

«-0—

+

1*

Jackson, Tenn.

1*1 .1

Jefferson City, Mo.

190.5

5

+ 18

- 11

+ 22

+

Owensboro, Ky.

68.1

-

6

+

3

Paducah, Ky.

1*7.2

+

5

+

8

Pine B lu ff, Ark.

66.9

+

5

+

2

Quincy, 111.

63.3

+ 12

+ 11*

S ed alia, Mo.

26.1

+ 11

+ 15

Texarkana, Ark.

3l*.1

-

+ 15

1

1/ Debits to demand deposit accounts, except interbank and U.S. Government accounts.
Released A p ril 29, 19^1* .
Monthly data fo r i 960-62 i s a v a ila b le on request to the
Research Department, Federal Reserve Bank o f S t. Louis*