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SELECTED ECONOMIC INDICATORS
CENTRAL MISSISSIPPI VALLEY
JULY 1971
METROPOLITAN AREA ACTIVITY
EIG H T A R E A
SU M M A R Y
ST. LO U IS

E V A N S V IL L E

L O U IS V IL L E

S P R IN G F IE L D , MO

M EM PH IS

FORT SMITH

LITTLE ROCK

P IN E BLUFF

BEGINNING WITH THIS ISSUE,
"SELECTED ECONOMIC INDICATORS
CENTRAL MISSISSIPPI VALLEY" WILL BE
PUBLISHED ON A QUARTERLY RATHER THAN
A MONTHLY BASIS. EACH QUARTER’S RE­
LEASE, HOWEVER, WILL CONTAIN THE SAME<
MONTHLY DATA AND, IN ADDITION, A SUM-!
MARY OF ECONOMIC DEVELOPMENTS IN THE
AREA.
THE DATA AND CHARTS WILL CON­
TINUE TO BE AVAILABLE MONTHLY FROM
THIS BANK UPON REQUEST.



STATE ACTIVITY
SUM M ARY

M IS S IS S I P P I

ARKANSAS

M IS S O U R I

KENTUCKY

TENNESSEE

CHECK PAYM ENTS 11 OTHER CITIES

Prepared by Federal Reserve Bank of St. Louis
Released: Ju ly 30,1971




The Data
T h e s e d ata a re p res en te d a s an a id for the a n a ly s is of
ec o n o m ic d e v elo p m en ts in the C e n tra l M is s is s ip p i V a ll e y .
T h e e m p h a sis is on e c o n o m ic a c t i v it y in the m e tro p o lita n
a re a s and f iv e s t a te s c o m p le te ly or p a r tia lly w ith in th e
E ig h th F e d e r a l R e s e r v e D is t r ic t .
B e c a u s e of the com ­
p le x ity o f the e c o n o m ic p ro c e s s , a m o re m e a n in g fu l a n a ly s is
c a n be made by c o n s id e rin g the e n tire s e t o f in d ic a to rs for
a p a rtic u la r a rea ra th e r than re ly in g on a n y s in g le one.
M o reo ver, there may be t e c h n ic a l sh o rtco m in g s in some
s e r ie s .
A ll a re a d ata are p resen te d in both u n a d ju ste d and adju s te d - fo r- se a so n a l- va ria tio n form .
In d ex num bers a re on a
1957-59 b a se .
In a d d itio n , in order to smooth e r r a tic f lu c ­
tu a tio n s , the index of c h e c k p aym en ts is an a v e ra g e o f the
in d e x e s for three m onths and is c e n te re d on the m id d le month.
B a s ic em p loym ent d a ta a re d e v e lo p e d by the r e s p e c tiv e
S ta te Em p lo ym e n t S e c u rity O f f ic e s .
T h e d ata for to ta l lo a n s and to ta l d e p o s its are for mem­
ber b anks o n ly and are a v e ra g e s o f d a ta for th e la s t W e d n e s ­
d ay o f the p re c e d in g month, the W e d n e sd ay p re c e d in g the
15th o f the cu rren t month, and the la s t W e d n e sd ay o f the
c u rre n t month.

C h e c k p aym en ts a re reported m onthly by a ll or a sa m p le
o f co m m ercial b ank s in each area.
C h eck p a ym en ts are
d e b its to dem and d e p o s it a cc o u n ts, e x c ep t in te rb a n k and
U . S. G o vernm en t a c c o u n ts .
T h e index is a d ju s te d for
num ber of tra d in g d a y s in ea ch month.

T h e c o n s o lid a te d em p loym ent ind exes are b ased on com ­
bined d ata from the m e trop o litan a re a s .
T h e c o n s o lid a te d
index for ch e ck p aym en ts is based on reports from the 8
m e tro p o litan a re a s and 11 other c e n te rs and in c lu d e s 138
re sp o n d en t b a n k s. T h e c o n s o lid a te d b anking in d e x e s in c lu d e
a ll member banks in the E ig h th F e d e r a l R e s e r v e D is t r ic t .

N a tio n a l data are from reports o f the D epartm ent o f L a b o r
and the B o ard of G o ve rn o rs of th e F e d e r a l R e s e r v e S y s te m .

B a s ic s ta te p erso n a l incom e fig u re s are o b ta in e d from
g u s in e s s W e e k , and farm cash re c e ip ts d ata are d e v e lo p e d by
the U . S. D ep artm en t o f A g ric u ltu re .

F o o tn o te s for ta b le s :
3.
1.
2.

A ll member banks
Three-m onth m oving a v e ra g e s (e x c e p t la t e s t m onth, w h ic h
is a two-month a v e ra g e )

4.

A n n u a l fig u re s a re to ta ls for the y e a r.
are c u m u la tiv e (y e a r to d a te ).
M illio n s of d o lla rs
n .a . - N ot a v a ila b le

Explanatory Comments

Personal Income data for the United States have been revised

M o n th ly fig u re s

Eight Central M ississippi V a lle y M etropolitan A re a s

Region

United
States

MANPOWER UTILIZATION
Nonmanufacturing
Manufacturing
Employment
Uhited
United
States
States
Region
Region

I960
1965
1966
1967
1968
1969
1970

101.4
113.3
119.5
123.9
127.5
131.7
130.7

103.2
115.8
121.8
125.4
129.3
133.8
134.6

102.4
116.6
122.6
127.1
131.4
135.9
137.8

104.1
119.0
124.6
129.2
134.0
139.5
142.7

99.3
106.6
113.2
117.4
H9.7
122.6
116.6

101.2
108.8
115.8
117.2
119.2
121.5
116.9

5.3
3.6
3.2
3.3
3.2
3.2
4.7

5.5
4.5
3.8
3.8
3.6
3.5
5.0

115.4
185.7
204.1
219.5
237.6
263.5
282.9

116.7
188.3
211.1
224.2
245.0
274.6
290.0

102.5
140.9
148.3
161.2
174.6
182.4
187.1

104.9
150.3
161.0
173.6
189.5
197.0
202.8

110.8
172.5
192.3
210.8
232.9
238.8
299.0

113.4
174.4
199.0
217.3
252.5
299.1
332.4

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

130.9
130.6
131.4
132.1
131.5
131.8
132.1
132.4
132.2
132.6
131.3
131.2

132.0
132.5
133.0
133.3
133.6
133.9
134.0
134.2
134.4
134.9
134.8
134.9

13^.7
135.1
135.2
136.0
136.3
136.2
136.2
136.3
136.9
137.2
137.3
133.5

137.3
137.8
138.2
138.7
139.1
139.5
139.6
139.9
140.1
140.9
141.2
141.3

123.4
121.4
123.9
124.3
121.8
123.1
124.1
124.6
123.0
123.4
119.3
118.7

120.6
121.1
121.5
121.6
121.7
122.0
122.0
122.0
122.0
121.9
121.0
121.0

2.9
2.8
2.9
2.9
3.1
3.4
3.3
3.4
3.4
3.4
3.4
3.6

3.4
3.3
3.4
3.5
3.4
3.4
3.5
3.5
3.8
3.7
3.5
3.6

251.1
253.5
255.5
256.9
265.1
263.4
267.9
267.2
268.9
269.4
270.6
272.2

261.6
265.6
266.8
274.8
272.9
274.8
278.6
279.0
271.8
282.3
283.2
284.1

182.3
183.0
183.2
184.1
183.7
184.2
182.4
181.4
181.4
180.8
181.2
181.0

198.6
198.7
198.1
198.4
199.4
199.0
197.4
195.5
194.7
193.9
196.0
194.0

253.3
252.5
255.3
255.6
256.8
256.7
259.5
265.1
266.1
264.9
263.7
271.4

278.6
281.7
284.6
287.5
295.0
301.7
306.2
310.0
311.2
311.1
309.9
311.8

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

131.2
132.0
132.1
130.3
130.6
130.9
131.2
130.5
130.6
130.3
129.3
129.7

135.2
135.4
135.7
135.5
13M
134.4
134.3
134.1
134.3
133.6
133.4
133.9

137.7
138.0
137.8
136.1
136.8
137.4
138.2
138.6
137.8
138.6
138.6
138.5

141.9
142.5
142.8
143.0
142.8
142.3
142.4
142.4
142.7
143.4
143.5
143.3

118.2
120.1
120.6
118.7
118.3
117.9
117.2
116.2
116.1
113.6
110.7
112.0

120.6
120.1
120.2
119.3
117.9
117.3
116.9
116.1
116.2
112.6
111.7
113.5

3.9
4.1
3.9
5.3
5.1
4.6
4.3
4.6
4.8
5.2
5.2
5.4

3.9
4.2
4.4
4.7
4.9
4.8
5.0
5.1
5.4
5.5
5.9
6.2

273.3
277.4
278.5
279.1
277.5
276.7
282.3
286.4
287.0
288.6
291.0
296.9

284.8
285.5
286.2
287.4
286.9
286.7
287.5
290.7
293.2
295.2
296.8
298.5

181.0
180.9
182.4
184.9
184.3
184.5
187.5
190.3
189.7
191.1
192.4
196.7

195.4
195.4
196.3
199.2
198.6
198.5
201.6
205.6
207.8
210.2
211.5
213.9

282.8
291.4
297.3
297.9
297.9
300.5
307.8
311.6
305.5
294.0
296.3
304.7

317.2
319.9
324.7
328.8
333.9
336.6
336.9
339.1
339.0
337.7
337.6
337.7

1971
Jan.
Feb.
Mar.
Apr.
May
June

130.6
131.0
130.7
130.7
130.7
130.0

134.5
134.4
134.5
134.7
135.0
13^.4

140.0
139.6
140.2
139.9
140.0
139.3

144.3
144.4
144.7
144.9
145.2
144.7

111.9
113.8
111.6
112.5
112.2
111.4

113.3
112.8
112.5
112.6
112.8
112.1

5.1
5.4
5.5
5.4
5.4
5.3

6.0
5.8
6.0
6.1
6.2
5.6

301.8
303.2
304.2
307.4
309.3
314.3

300.0
303.0
304.2
306.7
308.4
310.1

200.8
204.8
206.3
210.3
211.2
212.9

218.7
222.3
225.6
228.1

320.4
325.2
331.6
328.8
333*8
331.7

343.5
348.1
356.5
360.1
369.6
371.8

Total Payroll
Annual
Averages




BANKING ACTIVITY________________
Unemployment
Rate___
Uhit<
Region
Stat<

Total Loans j B a
Uhited
States

Region

n

k

Deposits iJ
Uhited
States

Region

m

SPENDING_________
Check Payments i/
United
Region
States

E I G H T CENTRAL M I S S I S S I P P I V A L L E Y
M E T R O P O L I T A N AREAS
BANKING A C T I V I T Y
SEASONALLY ADJUSTED

MANPOWER U T I L I Z A T I O N
SEASONALLY ADJUSTED

TOTAL PAYROLL EMPLOYMENT

TOTAL LOANS
1957-59-100
500

! 957-59-* TOO
500
480

480

460

460

440

440

YEAR ENDING

420

420

JUNE 1971

400

400

580

580

TOTAL PAYROLL EMPLOYMENT

560

560

TOTAL LOANS

+15.6

+8.2

540

540

TOTAL DEPOSITS

+15.4

+16.5

520

520

CHECK PAYMENTS

+10.4

+10.5

500

500

280

r^ j &

220
1 971

SUMMARY
-0.7

U .S .
-0-

260
240

240
1970

SEASONALLY ADJUSTEO INDEX

280

\ Z ~ rz

260

1969

PERCENTAGE CHANGE

t i l l ! 1.1.1 11 1- i i 1 i i 1 i i 1 i i

1969

L I 1 L 1.1.1 1 1, I I-

1970

1971

220

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

1969
AREAS




U .S ,

CHECK PAYMENTS

1957-59-100
460

PER CENT

*

C . M ,V .

1957-59-100
460

1970

1971

BEGINNING WITH JULY 1969, LOANS ARE REPORTED
GROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

1969

1970

1971

PREPARED BY FEDERAL RESERVE BANK OF ST, LOUIS

St. Louis Metropolitan Area

Annual
Averages

Total Payroll
Employment
Seasonally
Thousands Adjusted
of Persons Index

I960
1965
1966
1967
1968
1969
1970

MANPOWER UTILIZATION
Nonmanufacturing
Manufacturing
Unemployment
Employment
Employment
Rate
Seasonally
Seasonally
Adjusted
Adjusted
Thousands
Seasonally
Index
Index
of Persons
Adjusted

Id. 0
109.3
115.5
117.9
119.9
122.6
120.7

102.1
113.7
120.2
123.4
126.9
131.2
131.9

99.2
Id.7
107.3
108.4
107.7
107.7
ld . l

4.7
3.5
3.3
3.4
3.4
3.5
5.4

BANKING ACTIVITY
Total Loans ^
Seasonally
Adjusted
Millions
Index
of Dollars

SPENDING

Bank Deposits ^
Seasonally
Millions
Adjusted
of Dollars
Index

112.6
162.7
179.9
183.8
192.0
210.4
218.6

Check Payments
Seasonally
Adjusted p /
Millions
Index
&
of Dollars

99.6
130.5
133.3
142.4
150.4
151.1
148.2

112*9
180.0
2 d .3
226.0
247.2
278.9
330.8

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

898
882
901
916
908
920
920
919
925
923
923
924

122.4
121.1
122.5
123.3
122.2
122.0
122.5
123.3
123.0
123.2
122.9
122.6

605
605
607
621
625
628
623
619
628
630
630
633

130.2
130.5
130.3
131.2
131.9
130.7
130.7
130.8
131.7
131.9
131.9
132.0

108.6
104.7
108.8
109.5
105.4
106.8
108.4
110.2
107.9
107.9
107.3
106.3

3.1
3.1
3.1
3.1
3.3
3.8
3.6
3.7
3.7
3.6
3.7
4.1

2,334
2,301
2,285
2,296
2,324
2,369
2,432
2,419
2,403
2,379
2,360
2,424

204.3
205.9
206.2
206.4
209.7
211.7
214.8
213.8
213.6
212.0
212.1
214.3

3,882
3,698
3,596
3,602
3,624
3,558
3,539
3,466
3,463
3,509
3,512
3,603

158.9
155.9
153.8
154.1
154.1
151.9
150.7
148.3
146.7
146.7
145.8
146.4

9,686
7,763
8,841
8,944
8,562
9,206
9,170
8,229
9,299
9,929
8,352
10,439

272.6
271.1
271.9
271.1
269.7
269.0
274.2
283.7
289.2
290.4
288.2
295.9

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

898
888
898
891
897
913
910
902
902
895
891
901

122.4
121.8
122.0
H9.9
120.7
121.2
121.3
121.0
120.1
119.4
118.7
119.6

613
613
616
615
621
633
632
627
626
632
632
634

131.9
132.1
132.2
130.1
131.2
131.9
132.4
132.6
131.4
132.5
132.4
132.2

105.7
103.8
104.3
102.2
102.3
102.4
I d .8
100.8
100.4
96.6
94.9
97.6

4.5
4.8
4.3
6.7
6.3
5.3
4.8
5.3
5.5
5.8
5.9
6.1

2,455
2,424
2,426
2,418
2,384
2,371
2,451
2,483
2,484
2,499
2,470
2,568

214.6
216.5
219.0
217.2
215.1
211.8
216.6
219.6
221.1
222.9
222.2
226.9

3,645
3,422
3,380
3,451
3,416
3,370
3,473
3,501
3,572
3,619
3,601
3,754

149.0
144.2
144.5
147.8
145.2
144.0
148.0
149.8
151.4
151.7
149.9
152.3

11,755
10,474
12,337
12,195
11,232
12,583
12,920
11,688
11,598
11,817
10,746
13,146

310.0
323.9
332.5
332.0
328.9
331.3
341.8
347.3
340.5
325.6
324.5
331.4

1971
Jan.
Feb.
Mar.
Apr.
May
June

879
877
878
88 9
889
897

119.8
120.4
119.4
119.6
119.6
119.1

616
615
620
627
628
635

132.7
132.6
133.1
132.6
132.6
132.3

97.3
99.3
95 A
96.9
96.9
95.9

5.7
6.2
6.2
6.3
6.1
6.1

2,627
2,553
2,532
2,595
2,576
2,641

229.5
228.0
228.6
233.1
232.3
235.9

3,864
3,763
3,765
3,838
3,819
3,825

157.8
158.5
161.O
164.4
162.3
163.5

12,585
11,437
13,492
12,887
11,893
14,274

346.3
351.3
355.0
349.3
356.0
354.0




SEASONALLY ADJUSTED

SEASONALLY ADJUSTED

TOTAL PAYROLL EMPLOYMENT

ST. LOUIS
MISSOURI
M E T R O P O L I T A N AREA

BANKING A C T I V I T Y

MANPOWER U T I L I Z A T I O N

TOTAL LOANS
1957-59-100

1957-59-100

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
JUNE 1971
ST. LOUIS

U .S .

-1.7

-0-

TOTAL LOANS

+11.4

+8.2

TOTAL DEPOSITS

+15.5

+16.5

CHECK PAYMENTS

+6.9

+10,5

TOTAL PAYROLL EMPLOYMENT

1969

1970

1969

1971

1970

1971

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

PER CENT

1957-59-100
460

260

420

240

580

220

540

200

500

180

260

160

220

S




U.S.

CHECK PAYMENTS

280

140

ST. LOUIS

1957-59-100

1969

1970

1971

BEGINNING WITH JULY 1969, LOANS ARE REPORTED
GROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

1969

1970

180
1971

PREPARED BY FEDERAL RESERVE BANK OF ST, LOUIS

Louisville Metropolitan Area

Annual
Ave rage

Total Payroll
Employment
Seasonally
Thousands Aujusted
of Persont> Index

I960
1965
1966
1967
1968
1969
1970

MANPOWER UTILIZATION
Manufacturing
Nonraanufaeturing
Employment
Employment
Seasonally
Seasonally
Adjustea
Tnousands
Adjustea
Index
oi' Persons
Inaex

99.6
111.4
116.2
122.7
128.3
135.2
136.2

BANKING ACTIVITY__________________
Unemployment
Rate
Seasonally
Adjusted

102.0
114.3
118.2
123.5
128.7
135.6
139.9

95.6
106.5
112.8
121.4
127.7
134.4
129.8

6.6
3.5
3.0
3.C
2.6
2.8
4.0

Total Loans i/
Seasonally
Adjusted
Millions
of Dollars
Index

Bank Deposits i/
Seasonally
Millions
Adjusted
of Dollars
Index

113.4
169.7
191.1
206.4
228.2
262.0
302.7

__________SPENDING
Check Payments
Seasonally
Adjusted
Millions
Index
of Dollars
103.4
156.1
173.3
181.8
205.2
231.4
246.5

99.7
134.2
141.0
154.3
171.0
184.7
192.3

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

320
322
323
328
331
336
336
334
334
334
321
322

135.0
135.4
135.7
135.5.
136.4
136.9
136.4
136.5
137.5
130.9
131.3

199
200
201
206
210
213
213
214
214
213
214
215

132.3
132.9
133.5
134.3
134.6
135.7
136.5
137.0
137.4
137.4
137.6
138.0

137.7
138.6
138.7
138.1
136.9
137.6
137.6
135.2
135.1
137.7
119.3
119.8

2.4
2.4
2.3
2.2
2.6
2.8
3.0
3.0
3.1
3.1
3.1
3.0

737
7H
712
728
736
759
786
778
780
801
824
874

241.8
243.8
249.4
253.3
256.4
262.7
266.5
266.1
268.1
273.3
278.8
284.1

1,309
1,227
1,214
1,226
1,235
1,239
1,247
1,230
1,225
1,257
1,277
1,354

181.7
179.5
182.8
185.3
184.3
185.7
185.4
3.85.6
183.7
186.2
187.3
189.2

2,296
1,934
2,042
2,096
2,152
2,306
2,353
2,089
2,160
2,390
2,056
2,617

221.7
221.0
224.0
226.2
232.5
236.5
236.2
234.0
234.0
234.0
236.9
240.1

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

31*
327
329
331
334
335
337
335
334
332
332
332

131.5
137.2
137.6
136.8
136.7
136.0
137.5
13&.9
136.5
136.8
135.7
135.4

208
208
209
213
217
218
220
220
219
219
219
220

138.2
138.8
138.8
138.6
139.3
138.7
141.0
141.1
140.9
141.2
141.2
141.2

H9.9
134.A
135.3
133.8
132.2
131.5
131.5
129.8
128.9
129.1
126.1
125.4

3.4
3.5
3.4
3.4
3.6
3.7
3.6
3.8
4.4
5.1
4.6
5.4

873
840
839
861
854
853
877
899
899
916
946
995

286.3
288.6
294.0
299.7
297.4
295.5
297.6
307.2
309.4
313.1
320.0
323.2

1,332
1,247
1,231
1,267
1,271
1,255
1,289
1,291
1,321
1,350
1,382
1,417

185.1
182.5
185.4
191.5
189.6
188.3
191.8
194.7
198.3
199.9
202.7
197.9

2,520
2,045
2,244
2,293
2,341
2,445
2,677
2,304
2,341
2,393
2,341
2,781

241.1
238.0
235.1
242.5
247.2
254.0
250.8
252.6
248.5
246.6
248.9
252.1

1971
Jan.
Feb.
Mar.
Apr.
May
June

325
324
325
328
331
329

136.2
136.0
136.1
135.5
135.3
133.6

214
216
218
221
226
225

142.6
143.7
145.0
144.2
145.0
142.9

125.1
122.6
120.7
120.5
118.4
117.4

5.0
5.4
5.5
5.1
5.3
5.7

991
982
971
981
1,000
1,024

325.1
337.4
340.0
341.6
348.4
355.0

1,440
1,391
1,410
1,444
1,457
1,506

200.0
203.6
212.2
218.3
217.1
226.1

2,534
2,284
2,703
2,649
2,548
2,806

259.1
268.2
268.8
273.0
279-2
280.7




MANPOWER U T I L I Z A T I O N

BANKING A C T I V I T Y

TOTAL PAYROLL EMPLOYMENT

TOTAL LOANS

LOUISVILLE
KENTUCKY
M E T R O P O L I T A N AREA

SEASONALLY ADJUSTED

SEASONALLY ADJUSTED

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
JUNE 1971
LO U ISV ILLE
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS

I960

1970

1969

1971

1970

-1.8

U .S .
-0-

+20. 1

+8.2

TOTAL DEPOSITS

+20. 1

+16.3

CHECK PAYMENTS

+10.5

+10.5

1971

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

1969

LOUISVILLE



PER CENT

1971

U. S.

CHECK PAYMENTS

320

1957-59-100
460

300

420

280

380

260

340

240

300

220

260

200

220

180

1970

■■L-I.1.LJ

1969

1970

1957-59-100

1111 ■ i ■ 11 < i
1 971

IK BEG INNING WITH JULY I9 6 0 , LOANS ARE REPORTED
GROSS, RATHER THAN NET OP VALUATION RESERVES
AS DONE PREVIOUSLY.

1969

1970

1971

180

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

Memphis Metropolitan Area
Total Payroll

?

£

1
Annual
Averages

Seasonally
Thousands Adjusted
of Persons\ Index

I960
1965
1966
1967
1968
1969
1970

MANPOWER UTILIZATION
Nonmanufacturing
Manufacturing
Employment
Employment
Seasonally
Seasonally
Adjusted
Adjusted
Thousands
Index
Index
of Persons

103.9
117.7
125.3
131.3
137.^
143.4
144.0

Unemployment
Rate
Seasonally
Adjusted

104.0
119.2
125.9
131.8
137.5
1A3.5
146.3

103.8
112.5
123.3
129.9
136.7
143.1
136.5

4.8
3.7
2.9
3.1
3.0
2.9
3.7

BANKING ACTIVITY
1/
1/
Total Loans -/
Bank Deposits
Seasonally
Seasonally
Adjusted
Millions
Adjusted
Millions
Index
Index
of Dollars
of Dollars

SPENDING
Check Payments
Seasonally
Adjusted ,
Millions
of Dollars
Index
&
112.8
170.3
189.3
199.9
224.0
245.8
281.5

106.3
171.6
177.8
197.3
212.0
213.5
222.5

110.9
194.5
204.0
219.8
240.2
247.5
261.4

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

266
267
268
271
271
276
276
276
275
276
276
277

142.1
142.9
142*9
143.7
143.2
144.4
144.2
144.0
143.2
143.8
143.1
143.7

204
204
205
208
208
212
212
212
213
213
214
216

141.9
142.6
142.4
143.5
143.0
144.0
144.0
143.7
143.7
144.5
144.2
144.8

142.7
143.9
144.3
144.5
143.9
145.5
145.2
144.8
141.8
141.4
139.5
139.8

2.7
2.3
2.7
2.7
2.9
2.9
2.8
2.9
2.9
3.1
3.2
3.1

915
912
908
909
915
919
919
915
915
912
913
954

241.9
246.2
244.1
245.0
249.3
251.7
251.0
249.9
252.0
248.5
244.5
245.4

1,1*63
1,375
1,376
1,383
1,381
1,358
l,3Vt
1,3**2
l,3**6
1,363
1,382
1,422

219.9
217.5
216.4
217.6
217.0
214.2
211.5
212.0
210.1
208.7
207.6
209.2

2,236
1,879
2,039
2,210
2,101
2,157
2,167
1,992
2,139
2,390
2,214
2,568

237.4
240.7
249.6
255.0
257.8
254.5
249.6
251.7
241.3
233.0
231.6
246.9

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

271
273
272
268
269
273
275
276
278
277
279
279

144.8
145.7
145.0
142.2
141.7
142.5
143.4
144.2
144.9
144.5
144.9
144.7

211
211
210
207
208
214
215
217
218
218
219
220

146.5 ■
147.2
146.1
143.3
142.9
145.2
146.5
147.6
147.4
147.6
147.6
147.6

138.9
140.7
141.6
138.6
137.7
133.4
133.2
133.0
136.6
134.1
135.7
135.0

3.0
2.9
3.3
4.0
3.6
3.7
3.6
3.7
3.8
3.9
4.1
4.3

926
907
938
94*+
923
934
985
994
976
990
1,018
1,098

244.6
244.5
251.5
254.0
251.4
255.9
268.9
271.5
269.I
270.1
273.2
282.6

1,407
1,330
1,362
1,401
1,385
1,381
1,434
1,439
1,459
1,496
1,529
1,619

211.4
210.5
214.2
220.4
217.5
217.8
225.9
227.3
228.1
229.4
230.0
238.0

2,439
2,053
2,407
2,466
2,168
2,552
2,575
2,412
2,518
2,674
2,587
3,404

261.5
270.7
277.8
280.0
283.5
285.O
292.0
294.0
281.9
266.7
280.8
303.5

1971
Jan.
Feb.
Mar.
Apr.
May
June

275
273
274
276
278
282

147.2
146.0
146.1
146.3
146.8
147.2

217
216
216
219
221
224

150.9
150.2
150.2
151.0
151.4
152.0

135.0
132.0
132.5
130.9
131.6
131.4

4.1
4.0
4.4
4.6
4.5
4.0

1,121
1,092
1,063
1,041
1,01+8
1,081

296.0
•294.3
284.9
279.9
285.2
295.9

1,676
1,667
1,710
1,758
1,744
1,764

251.5
263.7
269.0
276.4
273.7
278.3

2,921
2,533
3,062
3,003
2,661
3,046

330.2
330.9
341.9
342.8
343.6
337.3




MANPOWER U T I L I Z A T I O N

BANKING A C T I V I T Y

TOTAL PAYROLL EMPLOYMENT

TOTAL LOANS

MEMPHIS
TENNESSEE
M E T R O P O L I T A N AREA

SEASONALLY AOJUSTEO

SEASONALLY AOJUSTEO

PERCENTA6E CHANCE
SEASONALLY AOJUSTEO INOEX
YEAR ENDING
JUNE 1971

MEMPHIS
TOTAL PAYROLL EMPLOYMENT

I960

1970

U.S.

♦3.3

-0-

TOTAL LOANS

♦15.6

♦6.2

TOTAL DEPOSITS

♦27.6

♦16.3

CHECK PAYMENTS

♦16.4

♦10.5

1 971

SPENDING

SEASONALLY AOJUSTEO

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

1957-59-100

CHECK PAYMENTS

1957-59-100

PER CENT
10

I960
X

MEMPHIS



U .S .

1970

1 971

0E6INNIN0 WITH JULY I960, LOANS ANE REPORTED
CROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

PREPARED SY FEDERAL RESERVE BANK OF S T. LOUIS

Little Rock Metropolitan Area

Annual
Averages

Nonmanufacturing
Employment
Seasonally
Adjusted
Thousands
of Persons
Index

106.8
130.5
137.U
l4l.O
144.2
149.4
149.1

I960
1965
1966
1967
1968
1969
1970

SPENDING

BANKING ACTIVITY

MANPOWER UTILIZATION

Total Payroll
Employment
Seasonally
Thousands Adjusted
of Persons1 Index

Manufacturing
Employment
Seasonally
Adjusted
Index

Unemployment
Rate
Seasonally
Adjusted

106.1
129.1
135.7
139.2
141.9
145.1
145.0

109.2
135.6
143.8
147.9
152.8
166.5
165.2

4.2
2.8
2.5
2.8
2.5
2.3
3.3

Total Loans ^
Seasonally
Adjusted
Index

Millions
of Dollars

Bank Deposits ^
Seasonally
Adjusted
Index

Millions
of Dollars

Check Payments
Seasonally
Adjusted «/
Index
^

Millions
of Dollars

110.1
183.4
206.3
214.3
239.3
261.3
304.8

107.7
160.7
173.5
186.1
200.8
210.5
216.9

133.7
259.0
282.7
299.2
319.5
357.1
383.9

1969
Jan*
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

118
118
120
120
121
125
125
125
124
12k
12k
12 k

147.1
147.1
148.4
148.1
148.9
150.1
150.0
150.3
150.4
151.0
151.2
150.6

92
92
93
93
94
97
96
96
96
95
95
96

144.4
144.3
144.9
144.3
144.6
145.3
144.7
145.0
145.3
145.9
146.1
146.1

157.5
158.1
162.4
163.0
166.0
169.0
170.8
170.8
170.2
170.8
171.4
168.4

2.0
2.2
2.3
2.3
2.2
2.2
2.3
2.3
2.3
2.2
2.4
2.5

294
283
287
294
299
3«2
313
312
3H
318
321
3H

343.4
335.5
343.6
348.6
353.3
355.6
365.5
364.4
367.2
370.9
375.6
361.8

502
471
467
474
474
466
470
471
474
492
504
512

212.2
209.6
208.8
209.4
210.4
208.6
207.5
207.8
209.7
213.1
215.2
213.7

697
558
563
645
581
652
666
619
663
679
590
727

255.1
251.8
254.6
247.7
258.1
257.7
268.9
274.9
271.6
265.2
259.2
271.3

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

121
122
121
121
122
124
123
123
122
122
122
122

151.6
151.2
149.8
149.2
150.0
148.8
148.4
148.1
147.2
148.8
148.6
147.8

93
93
93
93
95
97
97
96
95
95
95
95

146.3
145.9
144.6
144.1
145.5
145.0
145.3
145.0
143.5
144.9
145.0
145.0

172.6
172.0
170.2
169.0
167.8
163.6
160.6
160.0
161.8
164.2
162.4
158.7

2.2
2.9
2.7
3.3
3.2
3.0
3.8
3.7
3.7
3.8
3.4
3.3

316
316
318
323
322
320
332
339
329
328
332
341

369.7
374.9
381.2
382.8
380.1
376.9
387.2
396.0
388.8
382.4
389.4
397.8

507
476
473
483
484
479
493
500
498
509
514
531

214.4
211.9
211.6
213.9
215.0
215.1
218.2
220.4
220.3
220.2
220.3
221.4

739
64l
685
731
688
777
754
720
769
807
750
886

285.9
290.0
292.0
288.2
300.0
297.7
307.3
309.9
320.8
316.9
319.8
329.3

1971
Jan.
Feb.
Mar.
Apr.
May
June

120
120
120
122
122
123

152.4
149.1
149.3
150.3
150.0
147.6

95
93
94
95
95
96

149.8
145.6
146.1
147.2
146.6
144.3

162.4
162.4
161.8
162.4
163.6
160.6

3.3
3.2
3.4
3.1
3.3
3.3

341
3k8
352
366
367
367

399.4
412.9
422.4
433.4
433.9
432.1

547
546
552
569
575
571

231.4
243.1
247.2
252.1
255.6
256.3

880
852
1,006
963
886
990

360.0
379.2
395.3
386.2
387.9
382.6




SEASONALLY ADJUSTED

SEASONALLY ADJUSTED

TOTAL PAYROLL EMPLOYMENT

TOTAL LOANS
1957-59-100
500

1957-59-100
500

460

460

460

460

440

440

YEAR ENDING

420

420

JUNE 1971

400

400

360

360

TOTAL PAYROLL EMPLOYMENT

360

360

TOTAL LOANS

340
320

320

300

300

260 --- :

260

260

260

220

1970

1971

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX

L IT T L E ROCK

340

--------

U .S .

-0.8

-0-

1-14.6

1-8.2

TOTAL DEPOSITS

1-19.2

1-16.3

CHECK PAYMENTS

1-28.5

1-10.5

240

240
1969

L I T T L E ROCK
ARKANSAS
M E T R O P O L I T A N AREA

BANKING A C T I V I T Y

MANPOWER U T I L I Z A T I O N

, 1 1 1 1 1 1 1.1 1 1 1 i i l i i l i i l i i

1969

I I 1.1 1 1 1 1 l-LJ

1970

1971

220

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS
UNEMPLOYMENT RATE

PER CENT
10

r

» »11 » 1»» 1» »

r

PER CENT
10

*r z > m

« » 1 » » 1 » » 1 » t- » « 1 i » 1 » » 1 » »

1970

1969

1969

1971

*

L IT T L E

ROCK




U. S.

1970

320
300

420

420

280

380

380

260

340

240

300

300

220

260

260

200

220

180
1971

BEGINNING WITH JULY 1969. LOANS ARE REPORTED
GROSS. RATHER THAN NET OP VALUATION RESERVES
AS DONE PREVIOUSLY.

CHECK PAYMENTS

1957 -59-100
460

180

1957-59
460

!>

340

220
1 1 1 1 1 1A i 1 1 1

ii1 ii1ii1ii

ii1ii1ii1i i

1969

1970

1971

180

PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS

Evansville Metropolitan Area
MANPOWER UTILIZATION

Annual
Averages

Total Payroll
Employment
Seasonally
Thousands Adjusted
of Persons Index

I960
1965
<1966
1967
1968
1969
1970

Nonmanufacturing
Employment
Seasonally
Thousands
Adjusted
Index
of Persons

94.9
111.8
117.9
120.6
123.6
126.9
12^.0

BANKING ACTIVITY____________________

Manufacturing
Employment
Seasonally
Adjusted
Index

Unemployment
Rate
Seasonally
Adjusted

99.8
114.9
118.4
121.3
127.0
129.8
130.2

87.5
107.1
117.1
119.6
118.6
122.6
117.1

6.4
3.5
2.9
3-5
3.3
3.4
4.7

Total Loans ^
Seasonally
Adjusted
Index

Millions
of Dollars

Bank Deposits ^
Seasonally
Adjusted
Index

Millions
of Dollars

■
_______SPENDING

Check Payments
Seasonally
Adjusted p /
Millions
Index
-J
of Dollars

100.6
146.9
160.7
174.9
192.8
205.1
210.8

113.9
173.1
190.2
207.2
219.3
243.7
263.4

101.3
150.2
161.7
179.9
191.7
198.4
208.2

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

87
87
88
88
89
91
90
91
90
90
90
90

125.5
126.0
126.3
126.3
126.9
127.5
127.3
127.9
127.0
127.0
127.7
127.3

53
53
53
54
55
55
55
56
56
56
56
56

128.4
128.6
128.6
129.3
129.8
129.8
129.8
130.3
130.3
130.3
131.0
131.0

121.1
122.1
122.9
121.8
122.5
123.9
123.6
124.3
122.1
122.1
122.9
121.8

3.1
3.3
3.2
3.2
3.2
3.5
3.5
3.5
3.6
3.6
3.6
4.0

224
228
232
234
238
240
246
238
241
247
248
248

231.6
236.6
241.8
241.2
241.4
243.4
250.1
239.5
244.7
249.6
251.4
252.9

368
350
352
356
360
365
365
357
361
364
369
381

205.9
201.5
201.7
202.5
202.9
204.6
205.9
205.0
206.1
207.8
207.4
209.3

484
356
394
431
404
417
485
384
427
464
388
460

189.9
189.9
197.3
198.5
197.0
196.3
194.9
204.1
203.8
205.6
202.8
200.1

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

88
88
88
88
88
90
90
89
90
90
83
83

127.0
127.3
127.6
125.9
125.0
126.0
126.2
125.6
126.9
127.5
117.5
117.4

54
54
55
54
54
55
54
56
56
56
57
57

131.0
131.0
131.4
128.4
127.4
127.9
128.1
129.8
130.7
131.9
132.4
132.6

121.1
121.8
121.8
122.1
121.4
123.2
123.2
H9.3
121.1
120.7
95.0
94.3

4.1
4.0
4.3
4.8
4.9
4.7
4.5
4.6
5.0
4.9
5.3
5.4

248
246
247
252
256
260
262
266
262
259
265
272

256.7
256.1
256.6
259.0
259.9
264.2
266.0
267.8
266.8
261.8
268.8
277.1

381
362
365
367
368
367
372
375
373
371
376
391

213.3
208.7
209.1
209.0
207.4
205.7
209.7
215.7
213.1
211.4
211.2
214.8

506
396
436
486
425
447
534
474
449
479
421
492

202.9
200.1
209.0
208.1
205.5
201.7
209.9
218.9
219.8
208.7
208.2
205.3

1971
Jan.
Feb.
Mar.
Apr.
May
June

82
88
89
90
91
92

118.2
127.7
128.9
129.0
129.6
128.7

55
55
55
56
56
56

134.0
132.6
132.6
132.2
132.4
131.9

94.3
120.4
133«?
124.3
125.4
123.9

4.7
4.8
4.4
3.7
4.1
3.9

267
266
271
278
287
286

276.1
276.8
281.4
285.5
291.7
290.4

400
390
395
400
411
4l8

224.0
225.1
226.4
227.7
231.7
234.4

517
426
506
511
464
526

214.3
215.9
225.4
225.6
226.8
222.1




MANPOWER U T I L I Z A T I O N

BANKING A C T I V I T Y
SEASONALLY ADJUSTED

SEASONALLY ADJUSTED

TOTAL PAYROLL EMPLOYMENT

1957-59-100

1957-59-100

1957-59-100

TOTAL LOANS

1957-59-100
500

EVANSVILLE
INDIANA
M E T R O P O L I T A N AREA

480

PERCENTAGE CHANGE

460

SEASONALLY ADJUSTED INDEX

440

YEAR ENDING

420

JUNE 1971

400

EVANSVILLE

U .S .

580

TOTAL PAYROLL EMPLOYMENT

+2.1

-0-

560

TOTAL LOANS

+9.9

♦8.2

TOTAL DEPOSITS

♦14.0

♦16.5

CHECK PAYMENTS

♦10. 1

♦10.5

540
520
500
280
260
240
1969

1970

1969

1971

1970

1971

220

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

CHECK PAYMENTS

PER CENT
10

1969
*

E V A N S V IL L E



U .S .

1970

1971

BEG INN INS WITH JULY 1969, LOANS ARE REPORTER
GROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

>969

1970

1971

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

Springfield Metropolitan Area
MANPOWER UTILIZATION

Annual
Averages

Total Payroll
Employment
Seasonally
Thousands Adjusted
of Persons Index

Nonmanufacturing
Employment
Seasonally
Thousands
Adjusted
Index
of Persons

111.1
120.7
126.2
132.6
142.6
147.8
150.9

I960
1965
1966
1967
1968
1969
1970

106.8
116.4
120.5
126.6
131.9
138.5
143.7

124.8
134.5
144.6
152.1
176.9
177.8
174.0

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

55
55
54
55
55
55
55
56
56
57
56
56

1V7.5
147.5
146.1
147.5
147.5
148.3
147.5
148.0
147.7
148.5
149.1
148.5

38
39
39
40
40
40
40
39
39
40
41
41

136.1
137.1
137.5
138.5
138.5
139.2
138.2
138.2
137.8
139.2
141.0
140.6

184.2
180.9
174.1
176.3
176.3
177.5
177.5
179.7
179.7
178.6
175.2
174.1

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

55
55
55
56
56
57
57
57
57
57
57
57

149.9
149.9
149.6
148.5
149.9
152.8
152.3
153.4
151.7
149.9
150.9
152.0

40
40
40
41
41
42
42
41
41
42
41
42

142.4
142.7
142.7
142.7
142.7
145.9
145.5
145.9
144.1
143.8
143.1
143.4

12J1
Jan.
Feb.
Mar.
Apr.
May
June

55
55
56
56
56
56

149.9
149.1
150.7
149.6
150.4
150.2

40
40
4l
41
4l
4l

142.8
142.4
144.2
142.4
142.8
141.7




SPENDING

BANKING ACTIVITY

Manufacturing
Employment
Seasonally
Adjusted
Index

Unemployment
Rate
Seasonally
Adjusted

Total Loans
Seasonally
Adjusted
Index

Millions
of Dollars

6.4
3-7
3.2
3.3
3.2
4.0

Check Payments
Seasonally
Adjusted,
Index -

Millions
of Dollars

110.8
166.3
179.8
201.6
248.7
266.1
291.5

104.2
152.3
160.1
184.7
218.0
231.4
235.6

125.2
190.3
210.0
254.5
306.4
359.5
401.4

2.8

2.4
2.5

Bank Deposits ^
Seasonally
Adjusted
Index

Millions
of Dollars

3.7
3.3
3.4
3.6
3.9
3.1
3.3
3.3
3.6

68
69
70
72
71
73
76
78
80
78
77
77

334.0
348.5
350.5
348.5
343.7
358.7
360.7
365.5
377.7
372.3
374.8
379.6

128
122
122
123
124
124
126
126
128
126
124
122

230.1
231.7
234.0
233.8
236.1
234.7
234.5
232.5
231.1
229.1
226.0
222.7

307
242
270
282
268
296
318
289
314
317
274
318

263.O
259.9
261.1
259.1
262.5
262.7
264.7
266.6
268.4
270.4
273.5
280.8

174.1
172.9
171.8
167.3
172.9
175.2
174.1
177.5
176.3
169.5
176.3
179.7

3.7
3.1
3.8
4.1
5.7
4.3
3.8
4.1
3.9
3.9
4.3
3.8

76
76
77
81
82
81
84
87
90
87
86
87

378.2
381.1
381.1
393.7
394.7
394.7
401.9
408.3
427.2
414.6
416.0
425.2

123
118
118
123
123
122
125
131
135
135
135
135

221.5
223.4
226.1
232.9
235.3
231.0
233.7
240.9
244.0
244.9
245.3
248.1

332
271
309
312
298
330
348
328
329
332
314
359

288.5
287.7
286.4
284.4
289.7
288.8
292.8
289.2
291.5
289.2
299.3
310.0

172.9
170.6
171.8
172.9
175.1
177.4

4.4
4.8
4.2
4.7
4.1
3.9

87
87
89
92
94
98

430.6
434.5
442.2
446.1
451.5
477.7

137
135
137
142
143
148

248.7
256.1
263.6
269.5
271.9
281.2

366
367
446
437
400
451

344.5
374.4
399.5
396.6
397.2
396.1

2.2

MANPOWER U T I L I Z A T I O N

BANKING A C T I V I T Y

TOTAL PAYROLL EMPLOYMENT

TOTAL LOANS

SEASONALLY ADJUSTED

SEASONALLY ADJUSTED

SPRINGFIELD
MISSOURI
M E T R O P O L I T A N AREA
PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX
YEAR ENDING
JUNE 1971

SPRINGFIELD U.S.
TOTAL PAYROLL EMPLOYMENT
TOTAL LOANS
TOTAL DEPOSITS
CHECK PAYMENTS

I9 6 0

1971

1970

-1 .7
♦21.0
♦21.7
♦57.2

-0 ♦8.2
♦16.5
♦10.5

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

PER CENT
10

*

SPRINGFIELD



U.S.

DECINNINS tI T H JULY 1969, LOANS ARE REPORTED
DROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS

Fort Smith Metropolitan Area
MANPOWER UTILIZATION

Annual
Averages

Total Payroll
Employment
Seasonally
Thousands Adjusted
of Persons Index

i960
1965
1966
1967
1968
1969
1970

Nonmanufacturing
Employment
Seasonally
Thousands
Adjusted
of Persons
Index

95.9
132.8
139.1
142.8
146.6
155.7
157>

BANKING ACTIVITY_____________________

Manufacturing
Emnloyment
Seasonally
Adjusted
Index

Unemployment
Rate
Seasonally
Adjusted

92.7
126.7
133.5
135.1
136.9
142.2
144.9

103.4
147.2
152.3
160.7
169.3
187.2
186.6

8.9
6.8
6.1
5.2
4.8
4.4
5.5

Total Loans i/
Seasonally
Millions
Adjusted
Index
of Dollars

Bank Deposits i/
Seasonally
Adjusted
Millions
index
of Dollars

___________ SPENDING

Check Payments
Seasonally
Millions
Adjusted ,
of Dollars
Index &

103.2
168.2
I69.O
174.9
182.8
192.9
205.8

115.5
200.4
208.4
208.3
213.8
237.0
258.2

105.0
153.2
171.9
189.2
203.0
223.9
237.3

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

44
44
45
46
46
46
46
46
47
47
47
1*7

152.6
153.3
153.5
154.6
155.6
155.9
156.2
154.1
157.4
158.4
157.8
159.0

28
28
28
29
30
29
29.
29
30
30
30
31

140.0
140.2
140.2
141.4
141.3
142.2
141.3
142.0
142.6
143.9
144.7
146.4

182.0
183.9
184.5
185.3
188.8
187.8
190.9
182.2
191.9
192.2
188.4
188.4

4.3
4.4
4.4
4.5
4.4
4.4
4.0
4.5
4.4
4.4
4.3
4.3

79
80
81
82
83
84
86
88
88
90
90
91

223.1
225.6
228.1
229.2
230.4
230.4
237.6
244.3
245.7
248.5
249.9
251.3

126
123
122
123
124
125
127
128
127
129
132
133

187.9
190.0
189.1
190.6
193.4
192.9
192.0
195.9
193.8
193.9
198.1
196.8

196
158
182
184
182
193
213
186
198
210
180
210

217.8
215.3
212.0
212.7
217.8
223.9
228.7
229.3
234.3
231.3
232.8
230.9

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

46
46
46
47
k6
47
47
47
47
46
46
45

158.3
158.4
159.7
159.7
159.3
159.9
157.5
157.0
155.5
154.8
154.6
153.9

29
29
29
30
31
30
30
30
30
30
30
30

145.2
145.6
145.7
145.3
146.1
145.1
145.6
144.7
143.7
143.7
144.3
143.2

188.7
188.2
192.5
193.4
190.3
194.3
185.4
185.6
183.3
180.5
178.5
178.9

4.6
4.5
5.0
4.6
4.8
5.0
5.3
5.9
5.9
6.4
6.8
7.1

89
90
90
91
92
93
92
92
93
96
95
99

251.O
252.4
252.4
254.9
256.0
254.9
254.0
255.4
261.0
266.0
265.2
275.2

132
126
127
129
129
132
137
137
139
142
143
147

196.6
195.4
197.0
200.5
201.2
203.9
207.5
209.1
211.7
214.0
214.9
217.6

230
203
211
215
203
226
243
210
221
230
217
241

240.4
236.7
232.5
225.1
229.3
234.6
238.5
238.3
239.8
240.6
244.0
247.5

1971
Jan.
Feb.
Mar.
Apr.
May
June

45
45
46
46
46
46

155.6
154.9
158.2
157.5
155.3
156.3

29
29
29
29
30
29

145.7
143.8
145.3
142.9
141.3
141.1

178.5
18O.9
188.4
191.8
188.0
191.8

6.9
6.7
6.3
6.1
6.4
5.4

101
100
103
108
107
106

283.8
279.9
290.8
301.7
296.7
291.4

153
149
154
163
163
162

227.7
229.8
238.5
252.8
252.8
249.5

239
209
254
252
234
272

252.8
258.6
261.2
262.9
270.3
274.3




MANPOWER U T I L I Z A T I O N

SEASONALLY ADJUSTED

TOTAL PAYROLL EMPLOYMENT
-59-100

FORT S M I T H
ARKANSAS
M E T R O P O L I T A N AREA

BANKING A C T I V I T Y

SEASONALLY ADJUSTED

TOTAL LOANS

166

1957-59-100
166

162

162

480

480

158

158

460

460

154

154

440

440

YEAR ENDING

150

150

420

420

JUNE 1971

146

146

400

400

142

142

380

380

13 8

138
f
9J
134

360

360

TOTAL LOANS

+14.3

+8.2

340

340

TOTAL DEPOSITS

+22.4

+16.3

130

130

320

CHECK PAYMENTS

+16.9

+10.5

126

126

320
9AA
300

122

122

280

118

118

260

260

114

114
11 11111i1ii ii1ii1ii1ii ii1ii1ii1ii 110
1971
1969
1970

240

240

134

110

—L

^ --

1957 -59-100
500

1957-59
500

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX

FORT SMITH
TOTAL PAYROLL EMPLOYMENT

-2.3

U .S .
-0-

300
280

__

220 <r\ iT111111 11111111111 ii1ii1ii1ii 220
1969
1971
1970

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE

1957-59-100

CHECK PAYMENTS

1957-59-100
460
420

PER CENT

380
340
300
260

220
1969
*

FORT SMITH



U .S .

1970

1971

BEGINNING WITH JULY 1969, LOANS ARE REPORTED
GROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

1969

1970

1971

180

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

Pine Bluff Metropolitan Area
MANPOWER UTILIZATION

Annual
Averages

Total Payroll
Employment
Seasonally
Thousands Adjusted
of Persons1 Index

I960
1965
1966
1967
1968
1969
1970

Nonmanufacturing
Employment
Seasonally
Thousands
Adjusted
Index
of Persons

107.7
13M
i4i.8
1U. 2
147.1
150.0
145.4

SPENDING

BANKING ACTIVITY

Manufacturing
Employment
Seasonally
Adjusted
Index

Unemployment
Rate
Seasonally
Adjusted

101.7
135.7
145.1
147.9
150.3
153.9
149.3

125.3
129.9
132.3
133.3
137.6
138.4
133.9

6.3
4.0
3.6
4.0
3.9
3.8
5.5

Total Loans ^
Seasonally
Adjusted
Millions
Index
of Dollars

Bank Deposits ^
Seasonally
Adjusted
Millions
Index
of Dollars

Check Payments
Seasonally
Adjusted p
Index
—

Millions
of Dollars

108.2
I65.O
183.8
197.3
203.4
204.5
210.2

128.7
244.5
256.5
275.5
295.6
321.3
335.1

113.5
162.0
176.9
192.9
203.7
223.2
244.7

1969
Jan.
Feb.
Mar.
Apr.
May
June
JUly
Aug.
Sept.
Oct.
Nov.
Dec.

24
2k
25
25
25
25
25
25
25
25
25
25

150.3
151.0
151.1
150.5
151.1
150.1
149.5
149.9
149.5
148.7
149.0

19
19
19
19
19
19
19
19
19
19
19
19

152.8
154.1
154.6
154.8
154.4
155.6
154.0
153.6
154.0
153.7
152.7
152.9

139.6
139.1
140.3
140.1
139.0
138.0
138.5
137.5
137.9
137.0
136.8
137.5

3.3
3.4
3.6
3.3
3.5
3.6
3.7
3.6
3.9
4.3
4.5
4.3

78
79
79
79
79
80
79
76
77
78
79
78

319.3
326.6
326.2
327.0
324.6
325.8
324.6
309.0
313.1
320.1
322.1
317.6

126
123
123
123
121
121
118
115
120
125
128
127

207.3
207.2
206.8
207.2
206.3
208.7
202.2
196.2
200.8
206.3
206.0
199.4

116
91
107
113
100
109
117
96
119
136
124
146

230.2
223.1
227.8
227.2
229.6
235.3
238.6
234.0
205.9
192.2
205.0
229.5

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

2k
2k
2k
2k
2k
2k
2k
2k
2k
2k
2k
2k

149.0
148.1
147.6
146.3
145.8
143.3
144.3
142.5
143.3
144.9
145.0
144.8

19
18
19
19
19
18
18
18
18
19
19
19

153.2
152.3
151.1
150.2
149.9
146.5
148.2
145.6
146.7
148.7
149.8
149.3

136.5
135.5
137.2
134.7
133.7
133.9
132.7
133.4
133.3
133.6
130.8
131.6

4.7
5.2
5.4
6.3
5.5
5.3
4.9
5.9
6.0
5.6
5.4
5.4

78
79
79
78
78
79
80
84
84
85
87
91

319.3
323.8
327.5
320.9
322.1
322.1
327.9
343.9
342.6
346.3
355.3
369.3

123
120
120
120
117
120
125
127
129
132
136
142

202.0
202.4
202.7
202.5
199.4
206.1
213.8
216.7
216.3
219.1
218.9
222.8

122
106
115
118
109
125
123
115
129
140
144
159

252.6
245.0
248.7
244.6
250.6
254.5
263.1
258.9
230.7
209.9
227.1
251.2

1971
Jan.
Feb.
Mar.
Apr.
May
June

2k
2k
2k
2k
2k
2k

145.4
145.9
144.7
144.3
143.6
140.7

18
18
18
18
18
18

150.8
151.1
148.7
11*8.0
146.9
143.6

129.3
130.8
132.9
133.5
133.8
132.2

6.1
6.4
6.0
6.0
5.2
5.5

92
93
97
96
99
103

376.6
382.4
400.4
396.7
406.1
4l8.4

l4l
l4l
147
146
145
147

231.2
237.6
248.1
246.7
246.3
253.1

124
115
134
143
119
144

274.6
263.3
282.0
277.3
289.2
280.7




m

.s

SEASONALLY ADJUSTED

SEASONALLY ADJUSTEO

TOTAL PAYROLL EMPLOYMENT

1957-59-100
500

TOTAL LOANS
1957-59-100
500

480

480

460

460

440

440

YEAR ENDING

420

420

JUNE 1971

400

400

380

380

TOTAL PAYROLL EMPLOYMENT

360

360

TOTAL LOANS

+29*9

♦8.2

340

340

TOTAL DEPOSITS

♦22.8

♦16.3

320

320

CHECK PAYMENTS

♦10.3

♦10.5

300

300

280

280

260

260

240
1969

220

1971

1970

P I N E BLUFF
ARKANSAS
M E T R O P O L I T A N AREA

BANKING A C T I V I T Y

MANPOWER U T I L I Z A T I O N

PERCENTAGE CHANGE
SEASONALLY AOJUSTED INDEX

P IN E BLUFF
-1.8

U .S .
-0-

240

11 1111 I 1,1, J 1 111 111 i- t ll- i.
1969

m

1970

Im Im Im

220

1971

SPENDING

SEASONALLY ADJUSTED

TOTAL DEPOSITS

PER CENT

UNEMPLOYMENT RATE




1957-59-100
460
420
380

8

340

6

300

4

260

2

220
1969
*

U.S.

CHECK PAYMENTS

PER CENT
10

0

PINE BLUFF

1957-59-100

1970

1971

BEGINNING WITH JULY I9 6 0 , LOANS ARE REPORTED
GROSS, RATHER THAN NET OF VALUATION RESERVES
AS DONE PREVIOUSLY.

1969

1970

1971

180

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

State Summary
MANPOWER UTILIZATION______________________________________

Total Payroll
Employment
Five
United
States
States

I960
1965
1966
1967
1968
1969
19TO

N.A.
108.5
111.5
113.3
115-1
114.6
114.9

102.9
111.2
114.1
116.4
118.8
121.9
123.0

103.7
120.1
127.6
131.5
135.3
143.3
144.3

103.2
115.8
121.8
125.4
129.3
133.8
134.6

103.6
119.0
125.1
129.6
133.0
135.1
137.3

104.1
119.0
124.6
129.2
134.0
139.5
142.7

104.1
122.6
133.5
136.2
140.7
165.9
163.6

101.2
108.8
115.8
117.2
119.2
121.5
116.9

N.A.
4.7
4.1
4.3
3.9
3.7
4.8

5.5
4.5
3.8
3.8
3.6
3.5
5.0

108.1
147.6
161.9
173.8
191*1
205.9
219.1

109*8
147.5
160.8
172.3
l88 .6
205.4
220.0

3,431
4,280
4,398
4,425
4,683
4,851
5,073

34,010
39,160
43,094
*►2,693
44,218
*►7,229
*►8,678

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

114.8
114.4
114.3
114.9
114.3
113.7
114.7
114.5
115.0
115.0
114.7
114.8

120.5
121.3
121.4
121.3
121.1
121.7
121.9
122.4
122.4
122.8
122.9
123.2

142.4
142.3
142.5
143.0
143.2
143.5
143.4
143*9
144.0
144.1
143.6
143.5

132.0
132.5
133.0
133.3
133.6
133.9
134.0
134.2
134.4
134.9
134.8
134.9

134.2
134.3
134.2
134.7
135.1
135.1
134.8
135.5
135.7
135.8
135.9
135.7

137.3
137.8
138.2
138.7
139.1
139.5
139.6
139.9
140.1
140.9
141.2
141.3

I65.O
164.3
165.5
165.9
165.5
166.4
167.O
167.O
166.8
167.I
164.8
164.9

120.6
121.1
121.5
121.6
121.7
122.0
122.0
122.0
122.0
121.9
121.0
121.0

3.4
3.5
3.5
3.7
3.6
3.8
3.7
3.8
3.8
3.7
3.9
4.0

3-4
3.3
3.4
3.5
3.4
3.4
3.5
3.5
3.8
3.7
3.5
3.6

200.6
200.2
202.5
203.6
204.0
205.1
207.4
209.6
209.0
208.0
209.6
210.8

197.3
198.8
^00.8
202.1
{203*4
204.8
206.4
207.9
209*2
210.2
211.4
212.6

435
708
982
1,238
1,510
1,807
2,138
2,441
2,826
3,472
4,214
4,851

3,951
7,035
10,209
13,379
16,652
20,036
23,773
27,59**
32,121
37,600
*►2,685
*►7,229

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

115.5
115.3
115.0
114.8
114.8
114.2
114.4
114.3
115.0
115.2
114.9
115.5

123.5
123.3
123.6
123.4
123.0
122.5
122.9
122.8
122.8
123.1
122.9
122.8

144.1
144.7
144.6
144.4
144.1
144.0
143.8
143.8
144.3
144.4
144.5
145.0

135.2
135.4
135.7
135.5
134.9
134.4
134.3
134.1
134.3
133.6
133.4
133.9

136.5
137.2
137.0
136.8
136.9
136.9
136.9
136.9
137.4
138.1
138.5
138.9

141.9
142.5
142.8
143.0
142.8
142.3
142.4
142.4
142.7
143.4
143.5
143.3

165.0
165.4
165.6
165.5
163.9
163.5
162.9
162.6
163.5
161.9
161.0
161.9

120.6
120.1
120.2
119.3
117.9
117.3
116.9
116.1
116.2
112.6
111.7
U3.5

4.1
4.2
4.4
4.9
5.0
4.7
4.6
4.8
5.0
5.2
5.2
5.2

3.9
4.2
4.4
4.7
4.9
4.8
5.0
5.1
5.4
5.5
5.9
6.2

212.3
215.0
216.6
217.1
218.2
219.9
221.8
221.3
221.4
221.3
220.5
223.6

213*6
214.5
216.1
221.2
219.5
219.4
220.4
221.5
223.1
222.7
223.3
224.7

423
712
1,010
1,293
1,575
1,882
2,230
2,526
2,881
3,571
4,471
5,073

*►,159
7,**75
10,976
14,356
17,626
21,066
25,011
28,830
33,121
38,727
44,442
*18,678

1971
Jan.
Feb.
Mar.
Apr.
May

117.4
116.5
116.3
116.4
115.4

123.4
122.9
122.8
123.1
123.5

146.3
145.8
145.2
145.7
145.4

134.5
134.4
134.5
134.7
135.0

140.4
140.1
139.8
140.0
139.7

144.3
144.4
144.7
144.9
145.2

162.5
161.7
160.2
161.4
161.2

113.3
112.8
112.5
112.6
112.8

5.0
5.5
5.5
5.2
5.2

6.0
5.8
6.0
6.1
6.2

228.7
226.7
233.4
234.5
N.A.

227.3
228.2
230.0
231.2
N.A.

423
713
1,014
1,281
1,625

*►,157
7,**87
11,074
1.4,332
18,01.4

Annual
Averages




Nonmanufacturing
Employment
Five
United
States
States

Manufacturing
Employment
United
Five
States
States

__________________________ INCOME

Total
Employment
Five
United
States
States

Unemployment
Rate
United
Five
States
States

Personal
Income
United
Five
States
States

Farm Cash
Receipts 3/ 4/
United
Five
States
States

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

CENTRAL M I S S I S S I P P I
VALLEY STA TE SUMMARY

TOTAL PAYROLL EMPLOYMENT

1957-59-100
170

1957-59-100
170

PERCENTAGE CHANGE

160

160

150

150

YEAR ENDING

140

140

MAY 1971

130

130

120

120

110

110

100

i-i.1n l.i i,l

i i 111 I i

I960

»»I»«1»«1»«

1970

1971

100

SEASONALLY ADJUSTED INDEX

STATE
SUMMARY
TOTAL PAYROLL EMPLOYMENT

+ 0.9

U .S .
+0.1

NONMANUFACTURING

+2.0

+1.7

MANUFACTURING

-

1.6

-4,3

+0.5

+0,4

TOTAL EMPLOYMENT

PERSONAL

INCOME

TOTAL NONMANUFACTURING
170
160
150
140
130
120

TOTAL MANUFACTURING
240

240

220

220

200

200

180

180

160

160

140

140

120

120

100

100

80

80
60

U iLu.l.

iiIiiIii1ii

1969

1970

C •M. V,

STATES




_

IILl .
11i.-lL.ll
1 971

u.s.

60
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

Arkansas
MANPOWER UTILIZATION_________________________________________

Annual
Averages

Total
Employment
Seasonally
Thousands
Adjusted
Index
of Persons

Total Payroll
Employment
Seasonally
Thousands
Adjusted
Index
of Persons

102.4
115.9
119.3
121*4
124.2
128.5
127*8

I960
1965
1966
1967
1968
1969
1970

Nonmanufacturing
Employment
Seasonally
Thousands
Adjusted
Index
of Persons

105.9
131.3
140.0
143.6
1^7.7
153.0
153.*

Manufacturing
Employment
Seasonally
Adjusted
Index

____________________________INCOME

Unemployment
Rate
Seasonally
Adjusted

104.1
126.1
132.6
135.9
138.9
142.5
U3.7

110.9
145.4
160.3
164.9
172.2
182.2
180.3

6.6
5.2
4.5
4.4
4.2
4.1
5.2

Millions
of Dollars
Monthly Rate

Personal
Income
Seasonally
Adjusted
Index

Farm Cash
Receipts
Millions
_/
of Dollars &

Millions
of Dollars

112.4
I63.6
179.9
189.1
210.6
226.9
241.9

2,459
3,581
3,931
4,132
4,611
4,964
5,291

669
910
986
914
999
1,039
1,057

1969

Jan*
Feb.
Mar.
Apr*
May
June
July
Aug*
Sept.
Oct*
Nov*
Dec.

651
662
674
691
705
715
721
718
711
721
716
675

127.3
127.7
127.2
128.6
128.4
127.9
129.2
128.4
129*2
129.5
129.8
128.3

514
515
521
525
531
539
540
543
540
536
532
533

151.9
151.8
152.3
152.4
153.3
153.5
153.8
153.8
153.7
153.2
153.1
153.5

351
352
356
359
363
369
369
371
369
365
363
365

141.8
141.8
141.9
141.8
142.5
142.8
143.0
143.2
143.0
142.3
142.5
142.9

179.8
179.6
181.0
181.6
183.2
182.7
183.6
I83.O
183.2
183.2
182.6
182.9

3.9
4.0
3.8
4.0
3.9
4.1
4.3
4.2
4.3
4.2
4.7
4.3

405
376
383
391
400
409
409
410
423
462
469
427

222.4
217.7
222.9
225.7
228.5
226.2
228.5
229.3
230.7
226.1
230.7
233.7

405
781
1,164
1,555
1,955
2,364
2,773
3,183
3,606
4,068
4,537
4,964

66
112
155
201
250
316
374
428
515
692
900
1,039

660
668
678
690
703
712
709
713
700
708
701
670

129.1
128.8
128.1
128.4
128.1
127.6
127.1
127.5
127.2
127.3
127.0
127.5

522
523
525
531
533
538
537
539
538
535
531
533

154.1
154.2
153.4
154.2
153.9
153.0
152.9
152.5
153.1
153.0
153.2
153.5

355
357
358
365
367
370
371
371
370
368
367
370

143.3
143.7
142.6
143.8
144.0
143.4
143.8
143.3
143.6
143.8
144.3
144.7

183.9
183.4
183.4
182.8
181.0
179.6
177.9
177.8
179.6
178.4
177.5
177.7

4.5
4.6
4.9
4.9
5.2
5.1
5.2
5.5
5.6
5.7
5.7
5.5

44l
421
408
417
422
437
438
434
444
492
491
446

242.1
243.5
237.6
240.4
240.5
241.9
244.5
242.7
242.2
241.4
242.0
244.2

441
862
1,270
1,687
2,109
2,546
2,984
3,418
3,862
4,354
4,845
5,291

59
103
150
196
243
309
372
423
511
684
961
1,057

665
679
690
69 7
708

130.0
131.0
130.4
129.5
129.1

522
524
530
53^
538

154.2
154.5
154.9
155.1
155.3

360
362
366
370
372

145.2
145.7
145.9
146.1
146.2

178.9
178.7
179.7
179.9
180.4

5.7
5.5
5.7
5.4
5.4

477
432
442
450

261.9
249.7
257.4
259.3

477
909
1,351
1,801

N.A.

N.A.

N.A.

69
117
164
212
260

1970

Jan*
Feb.
Mar.
Apr*
May
June
July
Aug*
Sept.
Oct*
Nov.
Dec*
1971

Jan.
Feb.
Mar.
Apr.
May




_/

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

ARKANSAS

TOTAL PAYROLL EMPLOYMENT

1957-59-100
170

1957-59-100
170

PERCENTAGE CHANGE

160

160

150

150

YEAR ENDING

140

140

MAY 1971

150

— '—

130
TOTAL PAYROLL EMPLOYMENT

120

120

110

110
100

SEASONALLY ADJUSTED INDEX

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

1 1 1 1 1 1 11 1 11

1969

1970

1 1 1 111 1 1.1 1-L.

1971

100

TOTAL NONMANUFACTURING

U .S .

+0.9

+0. 1

NONMANUFACTURING

+1.5

+1.7

MANUFACTURING

-0.3

-4.3

TOTAL EMPLOYMENT

+0.8

+0.4

PERSONAL INCOME X

+7.9

+4.5

*

170

ARKANSAS

YEAR ENDING APRIL

160
150

280

280

-100
140

270

270

130

130

260

120

120

250

110

110

240

220

200

200

180

180

160

160

140

140

120

100

100

90

i ill 1 1 .1 I

1969

-Li l.i i L
11
luL
1970

1957-59 - 1 0 0
300
290

130

240

INCOME

SEASONALLY ADJUSTED

290

140

TOTAL MANUFACTURING
220

1957 -59-100
300

1951
140

120

240

PERSONAL

1.11JI
1III
1 1.1
.1
1971

90

£JU

A

\?

V

^

250
240

r

J
,A /
yN /^V

230

^

oon sV f
ecu
210

J

260

^ ^

220
210

X

200

200

190

190

8

180

180

120

6

170

170

too

100

4

160

160

80

80

2

150

150

0

140

60

1.1 i i

.1J i i

1969

ULL
U I r i I I I I i.l I-1.Lu J.J_Ll1
1971
1970

ARKANSAS



. U.S.

60

PER CENT

UNEMPLOYMENT RATE

10

1969

1970

1971

CENT
10

11111111111 i . i .. i .. i ..
1969
1970

i i 1i i 1i i 1i i
1971

140

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

Kentucky
MANPOWER UTILIZATION____________________________________________

Annual
Average

Total
Employment
Seasonally
Adjusted
Thousands
Index
of Persons

Total Payroll
Employment
Seasonally
Adjusted
Thousands
of Persons
Index

N.A.

I960
1965
1966
1967
1968
1969
1970

Nonmanufacturing
Employment
Seasonally
Adjusted
Thousands
Index
of Persons

102.5
119.1
126.2
131.3
136.3
lk0.5
143.5

10k.3
108.2
110.8
112.9
Ilk.6
115.8

Manufacturing
Employment
Seasonally
Adjusted
Index

_____________________________ INCOME

Unemployment
Rate
Seasonally
Adjusted

Millions
of Dollars
Monthly Rate

N.A.

102.5
117.7
122.9
128.6
133.6
137.8
lkl.l

102.6
123.1
135.5
138.8
143.9
lk8.k
150.1

5.9
5.1
5.1
k.7
k.2
5.1

Personal
Income
Seasonally
Adjusted
Index

Farm Cash
Receipts
Million
of Dollars *

Millions
of Dollars »

109.6
lk8.k
163.5
177.0
19k .8
210.5
227.3

4,792
6,489
7,1*»3
7,735
8,517
9,203
9,932

559
687
725
82k
826
886
928

760
1,472

1969

Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

1,081
1,070
1,087
1,108
1,136
1,156
1,1^7
1,158
1,176
1,172
1,13**
1,110

117.0
Ilk.8
Ilk.6
Ilk.7
llk.l
113.9
Ilk.6
llk.O
llk.l
Ilk.9
llk.O
nk.2

875
876
879
891
902
911
901
899
909
910
895
900

lko.o
lk0.3
lk0.2
lk0.5
lko.5
lkl.3
lkl.O
lk0.7
lkl.O
lkl.6
139.5
139.7

630
630
63k
6k7
656
659
6k9
6k9
656
65k
653
65k

137.5
137.6
137.3
137.6
137.9
138.3
137.8
137.9
137.8
137.6
137.8
137.9

lk7.2
lk8.1
lk8.3
lkd.6
lk7.9
lk9.5
150.0
lk8.7
150.2
152.9
lkk.k
lkk.6

k.l
k.2
3.9
k.3
3.9
k.l
3.9
k.O
k.l
k.l
k.5
k.9

760
712
730
7kl
7kk
776
766
76k
779
788
792
851

20k. 2
202.9
207.2
207.5
207.1
213.5
212.9
21k.0
215.8
215.3
21k.9
211.2

2,943
3,687
4,463
5,229
5,993
6,772
7,560
8,352
9,203

108
152
195
236
278
32k
373
k22
k79
561
683
886

1,056
1,075
1,090
1,109
1,1^3
1,163
l,lkk
1,167
1 , 21k
1,211
1,162
1,151

Ilk.2
115.1
Ilk.9
Ilk .8
nk.8
Ilk.6
Ilk.3
115.0
117.9
118.7
116.9
118.k

871
886
892
906
916
921
915
919
931
936
937
9k2

139.5
lkl.8
lk2.1
lk2.8
lk2.6
lk2.7
lk3.3
lkk.O
lkk.6
lk5.6
lk6.1
lk6.3

632
636
6kl
65k
66k
667
665
666
677
682
685
689

136.1
138.7
138.9
139.0
139.6
139.9
141.2
lUl.6
ll*2.4
143.6
144.6
145.4

lk3.6
150.k
151.2
153.3
151.1
150.8
lk9.l
150.8
150.7
151.k
150.k
lk8.9

k.6
5.0
k.7
5.0
5.1
5.1
5.2
5.1
5.2
5.5
5.k
5.6

796
779
791
806
811
826
827
823
839
853
857
92k

21k .1
221.9
22k.0
225. k
225.8
227.2
229.6
230.6
232.k
233.2
232.9
229*9

796
1,575
2,366
3,172
3,983
4,809
5,636
6,459
7,298
8,151
9,008
9,932

111
162
211
258
30k
351
k03
k53
509
593
720
928

1,109
1,111
1,13*
1A51
1,160

120.0
118.8
119.5
119.1
116.6

920
913
917
933
9k0

lk7.2
lk6.1
lk6.1
lk7.0
lk6.k

668
66k
671
687
69k

146.0
144.8
145.4
146.1
145.9

150.9
lk9.8
lk8.3
lk9.6
lk8.0

5.k
5.9
5.7
5.6
5.5

856
803
86k
870

230.k
228.7
2kk.5
2k3.2

856
1,659
2,523
3,393

N.A.

N.A.

88
136
185
229
269

2,202

1970

Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1971

Jan.
Feb.
Mar.
Apr.
May




H. A.

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

KENTUCKY

TOTAL PAYROLL EMPLOYMENT

1957-59-100

1957-59-100
170
160

PERCENTAGE CHANGE
SEASONALLY ADJUSTED INDEX

150

YEAR ENDING

140

MAY 1971

130
120
110
100

TOTAL NONMANUFACTURING

KENTUCKY

U .S .

+2.7

+0. 1

NONMANUFACTURING

+4.5

+1.7

MANUFACTURING

TOTAL PAYROLL EMPLOYMENT

-2.1

-4.3

TOTAL EMPLOYMENT

+1.6

+0.4

PERSONAL INCOME *

+7.9

+4.5

PERSONAL

INCOME

SEASONALLY ADJUSTED

170
160
150
140
130
120

TOTAL MANUFACTURING
240

240

220

220

200

200

180

180

160

160

140

140

120

120

100

100

80

80
60

-1.1. ■ilii

1969

KENTUCKY



111J i.i.-L
1970

U.S.

1 I I I 1 I I I I i .J

1971

60
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

Mississippi
MANPOWER UTILIZATION____________________________________________

Annual
Averages

Total
Employment
Seasonally
Thousands
Adjusted
of Persons
Index

I960
1965
1966
1967
1968
1969
1970

Total Payroll
Employment
Seasonally
Thousands
Adjusted
of Persons
Index

103.0
108.4
111.1
111.1
112.5
115.0
115.9

Nonmanufacturing
Manufacturing
Employment
Employment
Seasonally
Seasonally
Thousands
Adjusted
Adjusted
of Persons
Index
Index

105.8
127.1
136.0
139.3
143.4
148.5
151.0

_____________________________ INCOME

Unemployment
Rate
Seasonally
Adjusted

105.8
123.8
131.4
135.9
138.7
1U3.3
147.1

105.9
134.8
146.9
147.6
15^.5
160.8
160.3

6.7
4.6
4.2
4.8
4.5
4.2
4.8

Millions
of Dollars
Monthly Rate

Personal
Income
Seasonally
Adjusted
Index

Farm Cash
Receipts
Millions
-/
of Dollars ^

Millions
of Dollars »

114.7
161.5
180.9
193.9
212.3
228.1
243.0

2,632
3,712
4,153
4,454
4,877
5,235
5,577

592
819
751
767
824
807
904

1969

Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

766
768
770
775
781
791
784
786
793
793
789
788

114.4
114.5
114.6
114.6
114.8
115.1
115.0
115.4
115.6
115.5
115.3
115.3

551
553
556
561
567
571
567
573
580
579
577
578

146.9
147.4
147.5
147.6
148.1
148.6
148.5
149.6
150.1
150.1
150.1
147.5

373
374
377
381
385
386
385
388
395
395
394
386

141.6
142.0
142.1
142.0
142.5
143.1
1^3.3
144.4
145.1
145.4
145.7
142.0

159.2
160.1
160.3
160.6
161.3
161.7
160.5
161.8
161.8
161.3
160.6
160.5

3.7
4.1
4.1
4.2
4.1
4.2
4.2
4.5
4.2
4.2
4.4
4.1

420
4l0
415
4l8
425
426
428
**33
443
475
483
459

222.9
224.7
225.6
228.2
229.1
227.3
231.6
232.4
231.5
227.2
224.2
232.8

420
830
1,245
1,663
2,088
2,514
2,942
3,375
3,818
4,293
4,776
5,235

99
153
205
250
299
349
396
440
494
603
731
807

776
777
778
782
788
795
791
788
794
795
795
795

115.8
115.7
115.7
115.6
115.8
115.7
116.0
115.6
115.8
116.0
116.2
116.4

566
567
568
573
577
576
575
578
584
584
584
585

150.9
150.8
150.6
150.5
150.9
150.1
150.6
150.8
151.3
151.6
151.9
152.0

385
387
389
393
398
395
394
395
401
402
400
402

146.3
146.8
146.4
146.7
147.1
146.4
146.9
147.2
147.4
147.8
147.8
147.9

161.6
160.5
160.5
159.5
159.7
159.0
159.^
159.^
160.3
160.5
161.5
161.9

3.9
4.5
4.8
5.0
4.9
4.8
4.9
5.0
4.8
5.1
4.9
5.0

447
**33
441
450
452
457
454
454
468
500
521
500

237.4
237.0
239.5
245.6
243.4
243.9
245.3
243.3
244.9
239.6
242.5
253.5

447
880
1,321
1,771
2,223
2,680
3,13*1
3,588
4,056
4,556
5,077
5,577

84
139
193
241
294
349
4o4
447
492
641
814
904

786
785
788
792
796

117.2
117.0
117.1
117*1
117.0

576
575
578
583
586

153.5
153.0
153.0
153.2
153.0

395
394
396
399
4oi

149.9
149-5
149*0
148*9
148.6

162.0
161.5
162*7
163-2
163.6

4.8
5.3
5-3
5-1
5-1

486
466
481
^79

258.2
254.8
261.1
261.4

486
952
1^33
1,912

99
157
212
258
307

1970

Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1971

Jan.
Feb.
Mar*
Apr*
May




N.A.

N.A.

N.A.

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

MISSISSIPPI

TOTAL PAYROLL EMPLOYMENT

1957-59-100
170

1957-59-100
170

PERCENTAGE CHANGE

160

160

150

150

YEAR ENDING

H O

140

MAY 1971

130

----- — '

SEASONALLY ADJUSTED INDEX

M IS S IS S IP P I

130

120

120

110

110

TOTAL

PAYROLL EMPLOYMENT
NONMANUFACTURING

100

■11 11I.Lj 1 1J .1l.Ll i i-Ll l l-L- . 11.1.1.1 Ill-Ill
1969

1970

1971

100

MANUFACTURING
TOTAL

EMPLOYMENT

U .S .

+1.4

+0.1

+1.0

+1.7

+2.4

-4.3

+1.0

+0.4

PERSONAL

INCOME

TOTAL NONMANUFACTURING

TOTAL MANUFACTURING
240

240

220

220

200

200

180

180

160

160

M O

140

120

120

100

100

80

80
60

I..I..I.

1969

MISSISSIPPI

II I II I 1 I ll-L JLJLJ-1
Li-1 Ll-L I L±
1 971
1970




U.S.

60
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

Missouri
MANPOWER UTILIZATION____________________________________________

Annual
Averages

Total
Employment
Seasonally
Thousands
Adjusted
of Persons
Index

I960
1965
1966
1967
1968
1969
1970

Total Payroll
Employment
Seasonally
Thousands
Adjusted
of Persons
Index

101.0
104.0
107.5
109.7
111.1
112.9
112.1

Nonmanufacturing
Employment
Seasonally
Adjusted
Thousands
Index
of Persons

102.3
111.7
117.4
120.6
123.3
126.4
125.5

Manufacturing
Employment
Seasonally
Adjusted
Index

____________________________ INCOME

Unemployment
Rate
Seasonally
Adjusted

102.6
113.4
118.5
122.0
125.2
129.3
130.1

101.4
107.6
114.9
117.2
118.5
119.3
114.6

4.8
3.7
3.3
3.4
3.3
3.3
4.6

Millions
of Dollars
Monthly Rate

Personal
Income
Seasonally
Adjusted
Index

Farm Cash
Receipts
Millions
of Dollars

3/
"

Millions
of Dollars

104.6
136.7
147.0
157.5
172.1
183.9
194.4

9,149
H,96l
12,856
13,777
15,064
16,066
17,002

1,110
1,257
1,335
1,316
1,418
1,446
1,479

1969
Jon.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

1,9U
1,907
-1,948
1,994
1,990
2,019
2,044
2,021
2,057
2,050
1,998
1,981

112.8
112.5
112.5
H3.9
112.2
111.4
112.9
112.6
113.5
H3.5
113.6
113.3

1,636
1,619
1,641
1,664
1,659
1,674
1,666
1,674
1,683
1,690
1,690
1,694

126.0
125.1
125.6
126.4
125.8
126.0
126.0
127.2
126.9
127.2
127.1
127.0

1,173
1,172
1,180
1,203
1,209
1,210
1,198
1,204
1,217
1,224
1,225
1,230

128.4
128.4
128.2
129.1
129.3
129.0
128.5
129.8
129.9
130.2
130.3
130.4

120.3
117.2
119.5
119.8
117.3
118.9
120.1
120.9
119.7
119.8
119.3
118.8

2.9
3.0
3.1
3.2
3.2
3.5
3.3
3.3
3.4
3.3
3.3
3.5

1,288
1,280
i,3ta
1,297
1,314
1,350
1,354
1,344
1,371
1,396
1,399
1,392

178.7
179.2
180.9
182.0
181.7
182.0
185.1
189.3
185.9
185.2
188.0
189.0

1,288
2,568
3,869
5,166
6,480
7,830
9,184
10,528
11,899
13,295
14,694
16,086

116
204
304
391
482
575
709
819
953
1,141
1,313
1,446

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

1,928
1,924
1,955
1,966
1,992
2,015
2,028
2,001
2,017
2,008
1,965
1,952

113.8
113.4
112.9
112.4
112.3
111.2
112.0
111.6
111.3
111.2
111.7
111.6

1,651
1,645
1,659
1,655
1,650
1,667
1,657
1,647
1,656
1,652
1,648
1,662

127.1
127.0
127.0
125.7
125.1
125.6
125.4
125.2
124.9
124.3
123.9
124.7

1,194
1,198
1,206
1,209
1,208
1,218
1,209
1,201
1,210
1,222
1,223
1,228

130.7
131.2
131.0
129.7
129.1
129.8
129.8
129.6
129.2
130.0
130.2
130.3

118.5
117.1
117.5
116.2
115.5
115.4
114.8
114.6
114.7
110.6
109.0
111.1

3.8
3.7
4.1
5.1
5.6
4.4
4.1
4.4
4.9
5.0
5.2
5.3

1,365
1,369
1,395
1,360
1,406
1,459
1,451
1,396
1,448
1,459
1,437
1,457

189.3
191.6
193.9
190.9
194.4
196.6
198.2
196.8
196.2
194.0
193.2
197.8

1,365
2,734
4,129
5,489
6,895
8,354
9,805
11,201
12,649
14,108
15,545
17,002

119
214
322
423
518
612
744
849
965
1,157
1,364
1,479

1971
Jan.
Feb.
Mar.
Apr.
May

1,907
1,890
1,917
1,958
1,968

112.5
111.4
110.7
111.9

1,620
1,612
1,612
1,634
1,636

124.8
124.4
123.4
124.1
124.0

1,193
1,190
1,195
1,212
1,215

130.6
130.2
129.9
130.1
129.8

110.9
110.7
107.8
109.8
110.0

5.1
5.7
5.7
5.2
5.5

1,459
1,451
1,468
1,474

202.4
203.2
204.1
207.0

1,459
2,910
4,378
5,852

116
210
318

H.A.

N.A.




111.0

H.A.

S545I

MANPOWER
UTILIZATION
SEASONALLY ADJUSTED

MISSOURI

TOTAL PAYROLL EMPLOYMENT

1957-59-100
170

1957-59-100

PERCENTAGE CHANGE

160

SEASONALLY AOJUSTED INOEX

150

YEAR ENOING

140

MAY 1971
MISSOURI

U .S .

-0.9

+0.1

NONMANUFACTURING

+0.5

+1.7

MANUFACTURING

150
TOTAL PAYROLL EMPLOYMENT

120
110
100

TOTAL NONMANUFACTURING

-4.8

-4.3

TOTAL EMPLOYMENT

-1.2

+0.4

PERSONAL INCOME *

+8.4

+4.5

*

170

YEAR ENOING APRIL

160
150

120

120

250

250

110

110

240

240

100

100

230

90

220

140

140

120

120

100

100

60

90

L.I 1 1 1 1 1 1 1 . 1 1 .

1 1.1 1,1 l . I 1 J 1 1

1970

1969

1 1.1 I. l.I L-l l-L L -

1971

1969

MISSOURI



1970

U.S

1971

60

230
^

^

210
PER CENT
10

UNEMPLOYMENT RATE

CENT
10

\

A

80
L i n .

270

120

160

.I u l i

270

260

160

l

280

260

180

i

280

130

180

» » 1 » « 1 » « I--H

290

130

200

1»«1»1

290

130

200

«»1«*

1957-59 •100
300

140

220

80

SEASONALLY ADJUSTED

140

240

220

1957 -59-100
300

1-100
140

TOTAL MANUFACTURING
240

INCOME

PERSONAL

» » 1» » 1» » 1» *

1969

11 1

» » 1 » » 1 1■» 1-» L-

1970

1971

220

J

200

200
190

210

y v

^

190

8

180

180

6

170

170

4

160

160

2

150

0

140

150
i t 1i i 1i i 1i i 11111111111
1970
1969

i i 1i i 1i i 1 i i
1971

140

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

Tennessee
MANPOWER UTILIZATION__________________________________________

Annual
Averages

Total
Employment
Seasonally
Adjusted
Thousands
Index
of Persons

I960
1965
1966
1967
1968
1969
1970

Total Payroll
Employment
Seasonally
Thousands
Adjusted
of Persons
Index

Nonmanufacturing
Employment
Seasonally
Thousands
Adjusted
of Persons
Index

105.0
125.7
134.7
139.5
143.5
148.7
150.8

100.7
112.1
116.5
117.9
120.0
122.7
123.9

Manufacturing
Employment
Seasonally
Adjusted
Index

____________________________ INCOME

Unemployment
Rate
Seasonally
Adjusted

104.6
123.5
130.5
136.0
130.7
144.1
147.8

105.8
130.1
143.0
146.3
152.8
157.8
156.7

6.3
3.9
3.2
3.9
3.6
3.5
4.5

Millions
of Dollars
Monthly Rate

Personal
Income
Seasonally
Adjusted
Index

Farm Cash
Receipts
Millions
of Dollars

0/
*

Millions
of Dollars

108.2
152.7
169.7
183.6
202.0
220.5
234.0

5,494
7,7*19
8,6X1
9,315
10,253
11,190
11,873

501
607
601
603
616
673
705

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

1,543
1 , 55^
1,569
1,593
1,618
1,624
1,626
1,637
1,645
1,661
1,646
1,619

122.7
122.9
122.7
122.8
122.8
121.5
122.8
122.8
123.3
122.6
122.1
123.2

1,272
1,278
1,284
1,298
1,3 U
1,321
1,320
1,327
1,328
1,325
1,323
1,329

147.2
148.0
147.9
148.4
149.2
149.2
149.1
148.9
149.4
149.2
149.0
149.4

812
814
819
832
840
849
846
848
851
854
854
859

142.8
143.3
143.1
143.7
144.3
144.3
144.0
144.1
144.7
144.8
145.0
145.2

155.9
157.0
157.3
157.6
158.9
158.8
159.0
158.4
158.6
157.9
156.7
157.6

3.2
3.3
3.4
3.5
3.6
3.6
3.5
3.6
3.5
3.6
3.7
3.7

902
905
901
909
915
926
930
935
950
971
983
963

215.6
215.6
216.5
216.8
217.7
218.7
220.8
221.9
223.3
224.6
226.4
228.2

902
1,807
2,708
3,617
4,532
5,458
6,388
7,323
8,273
9,244
10,227
11,190

46
87
123
160
201
243
286
332
385
475
587
673

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

1,570
1,571
1,589
1,608
1,630
1,647
1,631
1,636
1,656
1,681
1,671
1,643

124.8
124.1
124.1
123.9
123.7
123.4
123.2
122.8
124.2
124.2
123.9
125.0

1,299
1,303
1,3U
1,323
1,325
1,332
1,325
1,329
i,3*a
i,344
1,348
1,354

150.2
150.8
151.0
151.3
150.8
150.4
149.6
149.2
150.9
151.4
151.8
152.2

832
836
845
855
863
869
860
862
871
877
880
886

146.2
147.3
147.6
147.8
148.2
147.7
146.4
146.5
148.1
148.7
149.4
149.9

158.2
157.9
157.7
158.3
155.9
155.7
155.9
154.6
156.2
156.5
156.4
156.9

3.9
4.0
4.1
4.5
4.3
4.4
4.4
4.7
4.7
5.0
4.8
4.8

946
955
958
974
974
989
991
995
1,003
1,042
1,032
1,014

226.1
227.3
230.0
232.2
231.6
233.5
235.4
236.2
235.9
241.1
237.9
240.3

946
1,901
2,859
3,833
4,807
5,796
6,787
7,782
8,785
9,827
10,859
11,873

50
94
134
175
216
261
308
354
404
496
612
705

1971
Jan.
Feb.
Mar.
Apr.
May

1,620
1,614
1,626
1,646
1,656

128.7
127.5
126.9
126.4
125.7

1,345
1,340
1,339
1,3^7
1,350

155.6
155.2
154.1
154.0
153.6

879
879
879
887
890

154.6
15^.7
153.4
153.3
152.7

157.6
156.2
155.5
155.4
155.3

4.5
5.1
5.1
4.7
4.8

1,025
1,022
1,048
1,055
N.A.

245.1
243.1
251.6
251.5
N.A.




1,025
2,047
3,095
4,150
N.A.

51
93
135
175
244

MANPOWER
UTILI ZATION
SEASONALLY ADJUSTED

T E NNESSEE

TOTAL PAYROLL EMPLOYMENT

1957-59-100
170

1957-59-100

PERCENTAGE CHANGE

160

SEASONALLY ADJUSTED INDEX

150

YEAR ENDING

140

MAY 1971
TENNESSEE

130
120

TOTAL

110
100

TOTAL

PAYROLL EMPLOYMENT

+1.9

+0.1

NONMANUFACTURING

+3.0

+1.7

MANUFACTURING

-0.4

-4.3

EMPLOYMENT

PERSONAL INCOM E*

TOTAL NONMANUFACTURING

U .S .

+1.6

+0.4

+8.3

+4.5

PERSONAL

INCOME

SEASONALLY ADJUSTED

170
160
150
140
130
120

TOTAL MANUFACTURING
240

240

220

220

200

200

180

180

160

160

140

140

120

120

100

100

80

80

60

L.L U ..1 J j L




I»■1.,1

J I 1I I I I I

1971

60
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

CHECK PAYMENTS IN ELEVEN MEDIUM-SIZE CITIES

1/

MILLIONS OF DOLLARS________________ SEASONALLY AOJUSTEO INOEX
JUNE

1971

JUNE

1971

MAY

1971

APR

2/

1971

JUNE

1970

93

270.1

262.0

263.5

250.6

26

236.9

236.7

262. 7

225.3

TEXARKANA SMSA. ARK.

137

291.1

289.6

286.6

261.6

QUINCY. ILL.

119

235.5

239.8

266.7

225.2

OWENSBORO. KY.

127

231.0

233.6

235.6

208.2

PAOUCAH. KY.

96

266.7

266.8

258.9

255.5

GREENVILLE. MISS.

76

266.0

252.8

262.6

236.8

CAPE GIRAROEAU. MO.

66

297.6

300.6

297.9

270.1

HANNIBAL. MO.

26

197.6

197.3

195.5

179.9

SEOALIA. MO.

53

286.8

282.7

278.8

287.6

JACKSON. TENN.

93

321.7

318.8

306.8

285.5

EL OORAOO. ARK.
HELENA. ARK.

$

1/ 0E6ITS TO OSMANP DEPOSIT ACCOUNTS» EXCEPT INTER8ANK ANO U.S. GOVERNMENT ACCOUNTS*
2/ THREE-MONTH MOVING AVERAGES (EXCEPT LATEST MQNTHt WHICH IS A TWO-MONTH AVERAGE!•

RELEASED




JULY 1971

PREPARED BY EEOERAL RESERVE BANK OP ST. LOUIS