Full text of National Economic Trends : February 1968
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noTionm Economic PREPARED MONTH ENDING: BY FEDERAL J a n u a ry 31, 1968 RESERVE BANK treiids OF ST. LOUIS RELEASED: F e b r u a r y 21, 1968 T o ta l sp en d in g has a c c e le r a t e d s in c e m i d - 1967 w ith the s h a r p e s t i n c r e a s e s b e in g in v e s tm e n t e x p e n d it u r e s . A c c u m u la t io n o f in v e n t o r ie s has a c c o u n te d f o r m u c h o f the in c r e a s e . R e s id e n t ia l c o n s tr u c t io n , w h ich had d e c lin e d s h a r p ly in 1966, has b e e n r is in g b r is k ly s in c e e a r ly la s t y e a r . G row th in plant and e q u ip m e n t sp en d in g m o d e r a t e d la s t y e a r , but b u s in e s s e s g iv e in d ic a tio n s o f in c r e a s in g e x p e n d itu r e s th is y e a r . C o n s u m e r sp e n d in g has p ic k e d up s in c e f a ll, but the g a in s have b e e n m o d e r a t e r e la t iv e to r e c e n t in c r e a s e s in in c o m e ; h o u s e h o ld s h ave con tin u e d to s a v e a r e la t iv e ly h ig h p r o p o r t io n o f th e ir t a k e -h o m e p ay. In d u s tr ia l p r o d u c t io n in c r e a s e d at a 6. 3 p e r c e n t annual ra te f r o m June to J a n u a ry , c o m p a r e d w ith an a v e r a g e in c r e a s e o f 4. 6 p e r c e n t f r o m 1957 to 1967. The e x p a n s io n o f p r o d u c tio n s in c e June, fo llo w in g the 3. 6 p e r ce n t r a te o f d e c lin e o v e r the p r e v io u s e ig h t m o n th s , h as b e e n b r o a d ly b a s e d w ith a ll m a jo r m a r k e t g r o u p s sh ow in g s ig n ific a n t i m p r o v e m en t. E m p lo y m e n t r o s e at a 3 .3 p e r c e n t ann ual r a te f r o m la s t s p r in g to J a n u a ry , and the r a te o f u n e m p lo y m e n t s to o d a t a 3 . 5 p e r c e n t o f the la b o r f o r c e in J a n u a ry , s lig h tly b e lo w the a v e r a g e o f the p a s t tw o y e a r s . R e c e n t ga in s w e r e w id e s p r e a d w ith e m p lo y m e n t i n c r e a s e s in m a n u fa c tu r in g , t r a d e , s e r v i c e in d u s t r ie s and State and L o c a l G o v e r n m en ts. P e r s o n a l in c o m e r o s e at an 8 p e r c e n t ann ual r a te f r o m la s t s p r in g to J a n u a ry , and at a 6 p e r c e n t a v e r a g e r a te f r o m 1957 to 1967. R e t a il s a le s h ave r is e n at a 7 .5 p e r ce n t r a te s in c e la s t M a y, c o m p a r e d w ith a 4 . 6 p e r c e n t a v e r a g e ga in f r o m 1957 to 1967. P r i c e s p aid b y c o n s u m e r s f o r c o m m o d it ie s o th e r than fo o d a d v a n c e d a t a 4 . 5 p e r c e n t r a te f r o m Ju ly to D e c e m b e r , fo llo w in g a 2. 2 p e r c e n t r a te o f in c r e a s e f r o m D e c e m b e r 1966 to J u ly . F o o d p r i c e s , w h ich had fa lle n la s t f a ll, r o s e in D e c e m b e r and c o n t r ib u t e d to a r a p id 4 p e r c e n t r a te o f in c r e a s e o f to ta l c o n s u m e r p r i c e s d u r in g the m on th . W h o le s a le p r i c e s o f in d u s t r ia l c o m m o d it ie s in c r e a s e d a t a 3 . 2 p e r c e n t r a te f r o m Ju ly to D e c e m b e r , fo llo w in g s ix m on th s o f lit t le ch a n g e . TOTAL C IV IL IA N EMPLOYMENT 1 / . ...... .I. unruunucu. Mwuai._um ica u r. u u n UC------TFRM1NAL MONTH ____________ Li______ THOUSANDS - .....OF. PERSONS. _ IN IT IA L MONTH 06 -6 6 0 7 -6 6 Ofi-66 0 9 -6 6 07 -6 6 1 .6 0 8 -6 6 3.2 in -6 6 11-66 12-66 01 -6 7 0 2 -6 7 0 3 -6 7 Oh-67 05 -6 7 0 6 -6 7 0 7 - 6 7 0 8 -6 7 0 0 -6 7 1A.A7 11*A7 L2rr6l., 72,863 4.8 73 .1*6 09 -6 6 7.2 2 .5 .3 10-66 2.2 2.5 1 .3 2.11 11-66 3.5 4.0 3 .7 5.5 a .6 17 -66 2.8 3 .1 2.7 3.5 4. 1 2.3 5.0 0 1 -6 7 3. 1 . 7 2 ,1 6 1 73,300 3.4 3. 1 3.9 4.4 13» a i A 0 2 -6 7 2.7 2.8 2.5 3.0 3. 1 1 .3 2 .2 .5 - 1.9 2.0 1.6 1.8 1.7 .0 .2 2 .2 - 0 4 -6 7 1 .9 2 .0 1.6 1.8 1.7 .4 .6 05 -6 7 1 .2 1. 1 .7 .8 .6 .7 - .8 - 06—67 1. 9 2.0 1.7 1.8 1 .8 .8 0 7 -6 7 2 .2 2 .2 2.0 2.2 2 .1 2.2 _ .3 - 0 3 -6 7 2.2 . 3 .8 1.0 - 1.9 2 .7 - 2 .2 - 6 .1 - 1 .0 .2 .4 1.9 1.9 1.4 1 .6 1.0 1.4 2.7 3.0 1 .5 1.8 1.3 1.6 2.8 3.0 6 .2 4.1 3.0 09 -6 7 2. 1 2 .1 1.9 2.0 2.0 _ 1 .3 1.5 1.1 1.3 2.2 2.3 4 .5 2* 6 1 .3 .4 - 10-67 2.0 2.1 1.9 2 .0 2 .0 1 .4 1.5 1.2 1 .4 2.1 2.2 3 .9 2.3 1 .4 .6 2.5 2.0 2.2 2. 1 1 .6 2. 5__ 2.6 2 .7 2 .2 0 1 -6 8 2. 1 2 .1 1.9 2.1 2 .0 1 .6 1.8 . 2*4. 1.7 . 7 4 .6 6 4 2 .1 2.2 . 7 4 .4 7 8 . 5.1 2.3 2.6 . 7 4 ,1 6 9 IQ.**.. 2 .2 2.2 74,063 7 3 .5 5 0 0 8 -6 7 2 .6 . I l s 919 .SL- 11-67 . 7 4 ,0 9 4 7 3 ,8 2 2 2 .2 - 12-67 73,796 74,638 7 4 .7 3 5 1.6 1.5 1.7 2.4 4.0... 2.7 2.1 1 .8 3.0 4 .4 2*2... 2 .5 3#2 _ 3 * 5 _ «1.8 2 . 9 .... 3 - 6 3.7 5 .L 7 .0 9.6 1.5 1.6 2.2 3 .3 2.3 1.6 2 .1 2.3 1.3 2.2 1 .9 7 5 ,0 0 5 75 . è l i 6 .3 - 75 . 167 06 -6 6 07-6 6 10 8-66 09 -66 10-66 11 -66 12-66 01-67 02 -6 7 0 3 -6 7 04 -6 7 05 -6 7 0 6 -6 7 0 7 -6 7 0 8 -6 7 0 9 -6 7 10-67 11-67 12-67 I N I T I A L MONTH y PREPARED BY FEOERAL RESERVE BANK OF ST. LOUIS FE8RUARY 16. 1968 R e v is e d PAYROLL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL MONTH THOUSANDS OF PERSONS IN I T I A L MOHTH 06-66 07 -6 6 08 -66 09-66 1C-66 11-66 12-66 01-67 02 -6 7 03 -67 04 -6 7 05 -6 7 06-6 7 0 7 -6 7 08-67 09 -6 7 07 -66 2. 1 08 -6 6 2.6 3. 1 09 -6 6 2. 1 2. C 10-66 3.0 3.2 3.3 5.7 11-66 3.6 4.0 4 .2 5.9 6. 1 12-66 3 .7 4. 1 4.3 5.4 5 .3 4 .5 01 -6 7 4.0 4.4 4 .6 5 .6 5 .5 5.2 5 .9 02 -6 7 3 .8 4. 1 4 .2 4.9 4.7 4.2 4. 1 2.4 03 -6 7 3 .5 3.7 3 .8 4.3 4 .0 3.4 3. 1 1.7 04 -6 7 3 .0 3. 1 3. 1 3 .4 3 .0 2.4 1.9 .5 05 -6 7 2.7 2.7 2 .7 2.9 2 .5 1.9 1.4 .3 06 -6 7 2.9 2.9 2 .9 3 .1 2 .8 2.4 2.0 1.3 07-67 2.7 2.7 2.7 2.9 2.6 2. 1 1.8 1.1 .9 .9 1.8 0 8 -6 7 2.8 2.9 2 .9 3. 1 2 .8 2 .4 2 .2 1.6 1.5 1.6 2.5 0 9 -6 7 2.5 2.5 2 .5 2.6 2 .3 1.9 1.7 1. 1 1.0 .9 1.5 10-67 2.5 2.6 2 .5 2.7 2 .4 2.1 1.8 1.4 1.3 1.3 1 .8 10-67 11-67 12 -67 6 4 .1 8 0 64 *3 4 5 .9 6 4 .3 9 4 6 4 .6 9 4 6 5 .0 1 4 65 .2 51 6 5 .5 6 4 6 5 ,6 9 2 1.1 6 5 .7 4 9 .4 - 1 .8 - .3 - 1 .0 - 1.0 .9 6 5 .6 5 3 . 2* 6 5 .6 3 9 2.3 5.0 .. . 6 5 .9 0 3 Z jl8 .6 3.4 2 .6 4 .7 1 .9 .9 1.1 2.4- 2.2 1.6 1 .9 .5 3 .5 6 5 .9 3 9 6 6 .1 9 0 6 6 .0 5 5 6 6 .2 4 3 T1-6 7 3. 1 3.2 3 .2 3 .4 3.2 2.9 2.8 2 .5 2.5 2 .7 3 .3 3.9 3 .7 4 .5 4.5 8.1 1 2 .9 12-6 7 3. 1 3 .2 3 .2 3.4 3 .2 3 .0 2.9 2 .6 2 .6 2 .8 3.4 3.9 3.7 4.3 4.2 6.5 8.1 3.5 01 -6 8 3.0 3. 1 3. 1 3.2 3 .0 2.8 2 .7 2 .4 2 .4 2.6 3.1 3.5 3 .3 3.7 3 .5 5.0 5.6 2.1 6 6 .9 1 8 6 7 . HOP .6 6 7 . 146P 06-66 07-6 6 06-6 6 09 -66 1C-66 11-66 12-66 01-67 02 -6 7 03-6 7 0 4 -6 7 05 -6 7 06 -6 7 0 7 - 6 7 08 -6 7 0 9 -6 7 10 -67 11-67 12-67 IN I T I A L MONTH P- PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS FEBRUARY 8 ,1 9 68 . 3 Employment Ratio Scale Ratio Scale Source: U.S. Departm ent of Labor Percentages are annual rates of change between periods indicated.They are presented to aid in comparing mostrecentdevelopments with p a s ftre n d s .” Latest data plotted: January preliminary T o y At Data from January 1966 through January 1968 revised. Prepared by Federal Reserve Bank of St. Louis 4 INDUSTRIAL PRODUCTION TERMINAL MONTH 1957—59» / I N I I I A L MflNIiL__ 1 5 7 .2 07 -6 6 5.5 0 8 -6 6 5 .1 4.7 0 9 -6 6 4 .2 3.5 2.3 15 7.8 158.1 10 -66 5.7 5.7 6.2 10 .3 11-66 4.0 3.7 3 .3 3.9 12-66 3 .9 3.6 3.3 3.6 01 -6 7 1.9 1 .3 .6 .2 15 9.4 2 .2 .4 159.1 3.1 3 .0 - 3.3 - 15 9.5 9 .3 - 15 8.2 02 -6 7 •1 .7 - 1.5 - 2 .3 - 5 .2 - 6 .1 - 03 -6 7 . 1- .8 - 1 .5 - 2 .1 - 4.5 - 5.0 - 7 .5 - 04 -6 7 .0 .6 - 1.2 - 1.7 - 3 .6 - 3.9 - 5 .5 - 4 .2 - .4 - 0 5 -6 7 .6 - 1.2 - 1.9 - 2 .4 - 4 . 1- 4 .4 - 5.8 - 4 .9 - 2 .5 - 3 .0 - 6.7 - 06 -6 7 .6 - 1 .1 - 1.7 - 2 .1 - 3 .6 - 3 .7 - 4.8 - 3 .9 - 1 .9 - 2 .0 - 3 .4 - 0 7 -6 7 .1 .4 - .8 - 1.1 - 2 .3 - 2.3 - 3 .1 - 2 .0 - .0 .4 .3 3 .9 8.0 0 8 -6 7 .9 .5 .2 .0 1.0 - .8 - 1.3 - .1 - 1. 9 2.6 3.1 6.6 10.0 09 -6 7 .2 .2 - .6 - . 8— 1.8 - 1.7 - 2 .2 - 1.3 - .2 .5 .5 2.3 3.1 .8 9.4- 10-67 .2 .2 - .5 - .7 - 1.6 - 1.5- 2 .0 - 1.1 - .3 .6 .5 2.0 2.5 .8 4.5- 10.4- 11 .56 .6 - 15 6.6 1.5 - 15 6.4 .8 15 6.5 15 5.6 .0 15 5.6 156.6 12.1 158. 1 15 6 .8 .8 15 6.9 11-67 1 .4 1.1 .9 .8 . 1 .3 .0 1.0 2.5 3.0 3.3 5 .1 6. 1 5 .7 3 .6 1 0 .8 21 .8 12-67 2.3 2 .1 1.9 1 .9 1 .3 1 .6 1.4 2 .5 4.0 4 .6 5.1 6 .9 8.1 8.2 7.2 1 3 .4 20 .3 1 8 .8 1 .9 1 .7 1.5 1.5 .9 1.1 1.0 1.9 3.2 3.7 4.0 5 .5 6 .3 6.0 4.8 8.7 1 1 .4 6.6 0 1 -6 8 100 06 -6 6 0 7 - 6 6 - 08 -6 6 0 9 -6 6 10 -66 11-66 12-66 01—67 0 2 -6 7 03 -6 7 0 4 -6 7 05 -6 7 0 6 -6 7 0 7 - 6 7 0 8 -6 7 0 9 - 6 7 10-67 11 -6 7 12 -6 7 15 9.5 1 6 1 . 8P 4 .4 - 1 6 1 . 2P 06 -6 6 0 7 -6 6 0 8 -6 6 0 9 -6 6 10-66 11-66 12-66 01 -6 7 02 -6 7 03 -6 7 04 -6 7 05-6 7 06 -6 7 0 7 -6 7 0 8 -6 7 09 -6 7 10-6 7 11-67 12 -67 I N IT IA L MONTH P- PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS FEBRUARY 16,19 68 5 Industrial Production Ratio Scale Ratio Scale Percentages a r e annual rates of change between periods indicated .They are presented to aid in comparing most recent developments with past "trends.” Latest d ata plotted: January prelim inary Prepared by Federal Reserve Bank of St. Louis 6 RETAIL SALES COMPOUNDED ANNUAL RATES 0 F CHANGE TERMINAL MONTH MILLIONS OF DOLLARS IN IT IA L MONTH 0 6 -6 6 0 7 -6 6 08-66 09-66 07 -6 6 1. 5 - 0 8 -6 6 4.3 10 .4 09 -6 6 5 .0 8.3 10-66 1.9 3.0 11-66 2. 1 3.0 12-66 .2 - 10-66 11-66 12-66 01-67 02-67 03 -67 04 -67 05 -6 7 06 -6 7 0 7 -6 7 08 -6 7 09-6 7 10-67 11-67 12 -67 25, 362 . 1 25. 572 6.3 25.703 .5 - 6.9 - .6 2. 1- 2.9 2 .4 - 5 .1 - 4 .2 - 01 -6 7 2.0 2.6 1. 1 .2 - 02 -6 7 .5 .7 .8 - 2 .2 - 2 5 ,5 5 0 25 .6 1 0 10 .8- 2.2 .9 - 25. 368 1 .8 16 .2 2 .2 - 2.4 2 5 .6 8 7 9.7 - 25,470 03 -6 7 1.8 2.2 1.1 .3 1.8 1 .5 6.0 1.2 13.4 04 -6 7 2.5 2.9 2 .0 1.4 2.9 2.9 6.6 3 .7 1 1.0 25, 739 6 .7 05 -6 7 2.2 2.5 1.7 1.1 2.3 2 .3 5. 1 2 .5 6 .9 3 .7 0 6 -6 7 4.5 5 .1 4.6 4.4 5 .9 6.3 9.5 8 .2 13.2 13.1 07 -6 7 3.8 4 .3 3 .7 3 .5 4.7 4.9 7.4 6 .0 9 .4 0 8-6 7 3.5 3.9 3 .3 3. 1 4. 1 4.3 6.3 5 .0 7.6 0 9 -6 7 4 .2 4 .6 4.2 4 .0 5. 1 5.3 7.2 6.2 10-67 2. 1 2.3 1.7 1.4 2. 1 2.0 3 .4 2. 1 25.918 1.0 - 25,897 15.4 3 4 .5 8 .5 8 .4 13 .4 4 .4 - 6.5 6.0 8.4 2 .7 - 1.0 - 8.6 7.9 7 .7 13 .0 2.9 6.7 3 .7 2 .3 1.3 1.8 5 .1 - 5 .3 - 26. 544 2 6 .4 4 4 2 6 ,4 2 2 15 .0 2 6 ,7 3 2 7.3- 2 5 .3 - 2 6 ,0 8 9 11-67 2 .8 3.1 2 .6 2.4 3. 1 3.1 4.5 3.4 5 .0 3.9 3 .3 S.O 1 .2 - .4 - .2 - 7 .0 - 1 5 .8 12-67 2.6 2.9 2 .4 2.2 2 .9 2 .9 4. 1 3 .0 4 .4 3.5 2.8 3.4 1 .1 - .4 - .2 - 4 .8 - 7.4 0 1 -6 8 4.4 4.7 4 .4 4 .3 5. 1 5.2 6.6 5 .8 7 .3 6 .7 6 .5 7.5 4.1 0 6-6 6 07 -6 6 08-6 6 09 -6 6 10-66 5.6 7 .0 5 .1 1 7 .7 26 ,41 1 .4 1 8 .7 26.402P 41.5 2 7 , 176P 11-66 12-66 01 -67 0 2 -6 7 03 -67 04 -6 7 0 5 -6 7 06 -67 0 7 -6 7 08 -6 7 0 9 -6 7 10-67 11-67 12-67 IN IT IA L MONTH P- PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS FEBRUARY 13, 1968 PERSONAL INCOME COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL MONTH BILLIONS OF DOLLARS ANNUAL RATES 0 6 -6 6 0 7 -6 6 0 8 -6 6 0 9 -6 6 10-66 11 -66 12-66 01 -67 0 2 -6 7 03 -67 04-6 7 05 -6 7 06 -6 7 0 7 -6 7 08-6 7 09 -6 7 10 -6 7 11-67 12 -67 I N I T I A L MONTH 0 7 -6 6 7.7 0 8 -6 6 8.6 9.4 0 9 -6 6 9.3 10.1 10 -66 8.7 9. 1 1 1-66 8 .9 12-66 8 .4 0 1 -6 7 5 8 4 .7 589. 1 59 4. 1 10 .7 8.9 7. 1 9 .2 9. 1 8.4 9.6 8 .5 8.3 7 .6 7.8 . 6 .0 8.8 9.0 8.9 8.5 8.9 8.6 11 .2 0 2 -6 7 8 .2 8.3 8. 1 7.6 7.8 7.2 7.8 4.4 0 3 -6 7 8 .0 8.0 7.8 7 .4 7.4 6 .9 7.2 5 .2 0 4 -6 7 7 .4 7.3 7. 1 6 .6 6.5 5 .8 5.8 4 .1 3 .9 1.8 0 5 -6 7 7 .0 6.9 6.6 6.2 6.0 5.4 5.3 3.9 3 .7 2 .6 3 .4 0 6 -6 7 7.1 7.1 6.9 6.5 6 .4 5 .9 5.9 4.9 5.0 4 .6 6.1 0 7 -6 7 7.3 7.2 7.0 6.7 6.6 6.3 6 .3 5.5 5 .7 5 .7 7.0 8 .9 8.8 0 8 -6 7 7 .4 7.4 7.2 6.9 6 .9 6 .6 6.7 6 .0 6.3 6 .4 7.5 9.0 9 .0 9.2 0 9 -6 7 7 .3 7.2 7 .1 6.8 6 .8 6 .5 6.5 6.0 6 .2 6.2 7 .1 8 .1 7.8 7.3 5.5 10-67 7 .0 7.0 6.8 6 .5 6.4 6 .1 6.2 5.6 5.8 5 .7 6.4 7.0 6.6 5 .8 4.2 59 7 .5 60 2. 1 605. 0 61 0 .4 6 1 2 .6 6.0 6 1 5.6 6 1 6 .5 6 1 8 .2 8.9 6 2 2.6 62 7. Û 6 3 1 .6 6 3 4 .4 2.9 6 3 5 .9 11-67 7.3 7.3 7.2 6 .9 6 .9 6.7 6.8 6.3 6.5 6 .6 7 .3 8 .0 7.8 7 .6 7.0 7.8 1 3 .0 12 -67 7.7 7 .7 7.6 7.4 7 .4 7.2 7.3 7.0 7.2 7 .4 8.1 8 .8 8.8 8.8 8.7 9.7 1 3 .3 1 3 .7 7.5 7.5 7.3 7. 1 7. 1 7 .0 7.0 6.7 6.9 7 .0 7.6 8 .1 8 .0 7 .9 7.6 8.2 1 0 .0 8.5 0 1 -6 8 « 0 6 -6 6 0 7 -6 6 0 8 -6 6 0 9 -6 6 10-66 Digitized FRASER P-for PRELIMINARY 6 4 2 .4 6 4 9.3 3.5 651.2P 11-66 12-66 01 -67 02 -6 7 03 -6 7 0 4 -6 7 0 5 -6 7 06-67 0 7 - 6 7 08 -6 7 0 9 -6 7 10-6 7 11-67 12 -67 I N I T I A L MONTH PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS FEBRUARY 16,1968 7 Retail Sales I9 6 0 1961 1962 1963 1964 1965 1966 1967 1968 Sourc«: U.S. Department of Commerce Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recentdevelopments with past "trends.’1 Latest data plotted: January p re lim in ary Prepared byFederal ReserveBank ofSt.Lovis Personal Income Ratio Scale Latest data plotted: January p relim in ary Ratio Scale Prepared by Federal ReserveBank ofSt. Louis 8 GROSS NATIONAL PRODUCT IN CURRENT DOLLARS _____COMPOUNDED ANNUAL RATES OF CHANGE____ TERMINAL QUARTER _ 0 1 -6 3 0 2 -6 3 .. 07-6 3 .03-63 Q4-63 0 1 -6 4 0 2 -6 4 0 3 -6 4 04-AU BILLIONS OF nm i ars ANNUAL RATES I N I T I A L QUARTER 01-65 02-65 03-65 04-65 01-6/S 0 2-66 03-AA 04-66 01 —A 7 fi? -A 7 0^-A 7 4.8 5R4. ? 0 3 -6 3 6«_L..... 7 a.4. 0 4 -6 3 6 .6 01 -6 4 7 « J L ..... 7 ±1. 7,9 8.1 02 -6 4 7.0 7 .5 7.5 7.5 6*8 03 -6 4 7.0 7.4 7 .4 7 .4 7.0 7.1 04 -6 4 6*5 6.8 6.7 6.5 6.0 5.5 3.9 0 1 -6 5 7.1 7.5 7 .5 7.5 7.3 7.4 7.6 11 .4 0 2 -6 5 7.2 7.5 7.5 7.5 7.4 7.6 7.7 9.6 7.9 0 3 -6 5 7 .4 7 .7 7.7 7.7 7.7 7.8 8.0 9 .4 8 .4 8.9 0 4 -6 5 7.7 8.0 8. 1 8. 1 8. 1 8.4 8 .6 9.8 9.3 10.0 11.1 0 1 -6 6 7 .9 8 .2 8.3 8.4 8.4 8.6 8.9 9.9 9.5 10.1 10 .7 10 .3 0 2 -6 6 7 .8 8.0 8. 1 8.1 8. 1 8.3 8.5 9.3 8.8 9.1 9.1 8.2 6.1 0 3 -6 6 7.7 7.9 8.0 8.0 8.0 8. 1 8 .3 8 .9 8.5 8.6 8.5 7.7 6.4 6.7 0 4 -6 6 7.7 7 .9 7.9 8.0 7.9 8. 1 8.2 8 .7 8.3 8.4 8.3 7 .6 6.7 7.0 7 .3 0 1 -6 7 7.3 7 .5 7 .5 7.5 7.5 7 .5 7.6 8 .0 7.5 7.5 7.2 6.5 5 .6 5.4 4.7 2 .2 0 2 -6 7 7 .2 7 .3 7.3 7.3 7.2 7.3 7.3 7 .6 7 .2 7.1 6.9 6.2 5.4 5.2 4 .7 3.4 4 .7 0 3 -6 7 7 .3 7 .4 7.4 7.4 7 .3 7.4 7.4 7.7 7 .4 7 .3 7.1 6.5 5 .9 5 .9 5 .7 5.1 6.6 8.6 79 1. ? 0 4 -6 7 7.3 7 .5 7.5 7.4 7.4 7 .4 7 .5 7 .8 7.4 7.4 7.2 6.8 6 .3 6 .3 6 .2 5 .9 7.2 8 ,5 _ 8 ,4 80 7« J 7.5 59 4 . 7.7 7 AD S . R 61 7 . 7 6? ft. 0 63ft. 9 645. 1 662. 7 675. 4 690. C 70 8 . 4 72 5 . ; 73 6 . 7 74 8 . 8 76?. 1 76 6. 3 77 5. 1 01 -6 3 0 2 -6 3 0 3 -6 3 04 -6 3 01 -6 4 02 -6 4 03-6 4 04-64 0 1 -6 5 02-65 03 -6 5 04 -6 5 01 -66 0 2 -6 6 03 -66 04 -6 6 01 - 6 7 02-67 03 -6 7 I N I T I A L QUARTER PREPARED BY FEDERAL RESERVE FEBRUARY 16,, 1968 BANK OF ST. LOUIS GROSS NATIONAL PRODUCT IN CONSTANT 1958 DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE IN IT IA L TERMINAL QUARTER o i-A 3 0 7 -6 3 0 3 - 6 3 0 4 —6 3 0 1 —6 4 0 2 - 6 4 0 3 - 6 4 0 4 - 6 4 0 1 -6 5 BILLIONS OF DOLLARS ANNUAL RATES QUARTER 0 2 -6 5 0 3 -6 5 0 4 -6 5 01-Ù6 0 2 -6 6 0 3 - 6 6 - jQk-66..fll - 6 7 0 2 —A 7 0 3 - 6 7 54 6 .0 0 2 -6 3 3 .6 0 3 -6 3 5. 1 6.5 0 4 -6 3 5-2 6.0 5.4 0 1 -6 4 5 .5 6.2 6.0 6.6 02 -6 4 5.5 6 .0 5.8 6.0 5.4 0 3 -6 4 5.4 5.8 5.6 5.7 5.7 0 4 -6 4 4.9 5.1 4 .9 4 .7 4. 1 01 -6 5 5 .4 5.7 5 .6 5.6 5.3 5.3 5.4 9.1 0 2 -6 5 5.4 5 .7 5.6 5.6 5 .4 5.4 5.5 7.3 5.6 0 3 -6 5 5 .6 5 .9 5.8 5.8 5.7 5.8 6.0 7.4 6.5 7 .4 04 -6 5 6.0 6.2 6.2 6 .2 6 .2 6.3 6*6 7 .8 7.4 8 .3 9.1 01 -6 6 6. 1 6 .3 6.3 6.3 6.3 6.4 6.7 7 .7 7.3 7 .9 8.1 7.1 5 5 4.7 562. 1 57 1. 1 57 8.6 5 .1 58 5.8 1.9 58 8.5 60 1.5 609. 7 62 0.7 634. 4 64 5.4 0 2 -6 6 5 .8 6.0 5.9 5.9 5.9 5.9 6. 1 6 .8 6.3 6 .5 6 .7 4 .8 7 .4 0 3 -6 6 5 .6 5.8 5.7 5.7 5.6 5.7 5*7 6 .3 5.8 5.9 5 .5 4.3 2 .9 3.4 5.6 5.5 5.2 4 .2 3 .3 3.7 3 .9 5.3 4.8 4 .7 4 .3 3.3 2.4 2.4 1.8 0 4 -6 6 5.5 5,6 5.6 5.6 5.5 5.5 01 -6 7 5 .1 5 .2 5.1 5 .1 5 .0 4.9 4.9 64 9 . i 654. 8 66 1. 1 .2- 660. 7 02 -6 7 5.0 5.0 4.9 4.9 4.8 4.7 4.7 5 .0 4.5 4 .4 4.0 3.2 2.4 2.4 2.0 1. 03 -6 7 4 .9 5.0 4.9 4.9 4 .8 4.7 4.7 4.9 4.5 4 .4 4.1 3 .4 2.7 2.8 2.6 2 .2 3.5 4 .5 04 -6 7 4.9 5.0 4.9 4 .9 4.8 4.7 4.7 4.9 4.5 4.4 4.1 3.5 3 .0 3 .1 3.0 2 .8 3.8 4.5 1 2 .5 664. 7 672. 0 4.6 67 9.6 01 -6 3 0 2 -6 3 0 3 -6 3 04 -6 3 01 -6 4 02 -6 4 03-6 4 04 -64 0 1 -6 5 02-65 03-65 04 -65 01-66 02 -6 6 03 -66 04 -6 6 011-67 02-67 03 -6 7 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST . LO UIS FEBRUARY 16.1968 9 Demand and Production Ra t i o S c a l e B i l l i ons o f D o l l a r s QuarterlyTotals at Annual Rates Seasonally Adjusted Ratio Scale Billions of D o lla rs |_L GNP in current dollars. Source: U.S. Department of Commerce 12 GNP in 1958 dollars. Percentages are annual rates of change between periods indicated.They are presented to aid in comparing most recent developments with past "trends." Latest data plotted: 4th quarter Prepared by Federal Reserve Bank of St. Louis CONSUMER PRICE INDEX * COMPOUNDED ANNUAL RATES OF CHANGE 100 o 0 1 00! ° TERMINAL__________________________________________________________ IN IT IA L MONTH_______________________________________________________1957-59 / MONTH 0 5 -6 6 0 6 - 6 6 0 7 -6 6 09 -6 6 10-66 11-66 12-66 01 -67 02 -67 03 -6 7 04-6 7 0 5 -6 7 0 6 -6 7 07 -6 7 08-6 7 09 - 6 7 10-67 11-67 0 6 -6 6 3 .2 0 7 -6 6 3.8 4.4 112.9 0 8 -6 6 4.3 4 .9 5 .4 0 9 -6 6 4. 1 4.3 4.3 3.2 10-66 4.1 4.3 4.3 3.8 4.3 11-66 3 .6 3.7 3.5 2.8 2.7 1.0 11 3. 3 113.8 114.1 114.5 114.6 114.7 12-66 3.2 3.2 3.0 2 .4 2. 1 1 .0 1.1 0 1 -6 7 2.8 2.8 2 .5 1 .9 1. 6 .7 .5 0 2 -6 7 2.6 2.5 2.3 1.8 1 .5 .8 .7 .5 1.1 0 3 -6 7 2.6 2.5 2.3 1.8 1.6 1.1 1.1 1.1 1.6 2.1 0 4 -6 7 2.6 2.6 2.4 2.0 1.8 1.4 1.5 1.6 2.1 2 .7 3 .2 0 5 -6 7 2 .7 2.6 2.4 2.1 2.0 1 .7 1 .8 1.9 2 .4 2 .8 3 .2 0 6 -6 7 2.8 2.8 2.6 2.3 2.2 2.0 2.1 2.3 2.8 3.2 3 .5 3.7 4 .2 0 7 -6 7 3.0 2 .9 2.8 2 .6 2.5 2* 3 2.5 2.7 3 .2 3 .6 4.0 4.2 4.8 5.3 08 -6 7 3 .0 3.0 2.9 2.7 2.7 2.5 2.7 2 .9 3 .3 3 .7 4.0 4.2 4.6 4 .7 4 .2 0 9 -6 7 3.0 3.0 2.9 2.7 2.6 2.5 2.6 2 .8 3 .2 3 .5 3 .7 3.8 3 .9 3.9 3.1 2. 1 11 4 . 7 .0 114.8 115.0 115.3 11 5 .6 3.2 116.0 116.5 116.9 117. 1 117.5 10-67 3. 1 3.0 3.0 2 .8 2 .8 2.6 2.8 2.9 3.3 3 .6 3.8 3.9 4.0 3.9 3.5 3. 1 11-67 3 .1 3.1 3.0 2 .8 2.8 2.7 2.8 3.0 3.3 3 .5 3.7 3.8 3.8 3.8 3 .4 3.1 3 .6 3. 1 3 .8 3 .5 ___3 .4 3.8 3.6 12 -67 3 .1 3. 1 3.0 2.9 2.9 2.8 2 .9 3.1 3 .3 3 .6 3.7 3.8 3 .9 4 .2 11 7 .8 4 .2 118.2 0 5 -6 6 0 6 -6 6 0 7 -6 6 0 8 -6 6 0 9 -6 6 10-66 11 -66 12-66 01 -67 02 -67 03 -6 7 04-67 05 -6 7 06 -6 7 07 -67 08 -6 7 09 - 6 7 10-67 11-67 I N IT IA L MONTH * NOT SEASONALLY ADJUSTED PREPARED BY FEDERAL RESERVE BANK_0F ST. LOUI S JANUARY 26, 1968 WHOLESALE PRICES, ALL COMMODITIES * COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL MONTH 1957-59 / IN IT IA L MONTH 100 05 -6 6 0 6 - 6 6 0 7 -6 6 08 -6 6 09 -6 6 10-66 11-66 12-66 01 -6 7 02 -6 7 03 -6 7 04 -6 7 05 -6 7 0 6 -6 7 07 -6 7 0 8 -6 7 09--67 10-67 11-67 0 6 -6 6 1.1 105.7 0 7 -6 6 4.6 8.3 0 8 -6 6 4.6 6.4 4.6 0 9 -6 6 3 .5 4.2 2.3 1 0-6 6 1 .4 1 .4 11 -66 .6 .5 12-66 .5 .4 0 1 -6 7 .9 0 2 -6 7 106.4 • 8— 106.8 .0 106.8 3 .3 - 6 .5 - 1.4 - 3 .3 - 4 .9 - 3 .3 - 1.1 - 2 .5 - 3 .3 - 1.7 - .8 .4 - 1.3 - 1 .7 - .5 .4 • 6— 1 .5 - 0 3 -6 7 • 1 .0 1 .0 - 0 4 -6 7 .3 - .5 - 0 5 -6 7 .2 06-67 .6 0 7 -6 7 .7 .7 .1 0 8 -6 7 •4 .3 .3 - 106.2 105.9 .0 105.9 .0 1 .7 3.4 106.2 1.8 - .6- .4 .6 2 .2 - 1.8- 2 . 1- 1.1 - .6 - .8 - 2 .8 - 3 .4 - 1.4 - 2 .1 - 2 .4 - 1.7 - 1.4 - 1.7 - 3 .3 - 3 .9 - .1 .7 - 1.2- 1 .4 - . 6— .2 - .2 - 1.1- .6 . 1- • 6- .6 - .1 .7 .8 .3- .3 - .4 .9 .7 - .7 - .1 - .3 10 6.0 10 5.7 10 5.3 4 .4 - .8 - 10 5.8 .6 5.9 .2 .9 2.3 5.8 5.8 1.0 .6 1.1 2.3 4.6 4.0 2 .3 .3 .2 - .2 .9 2 .3 1.1 1.1- 4.4 - 106.3 106.5 106. 1 0 9 -6 7 .4 .4 .2 - .5 - .6 - .0 .3 .4 .0 .3 1.0 2 .1 1.1 .4 - 1 .7 - 1. 1 10-67 .3 .3 .2 - .6 - .6 - . 1- .2 .2 .1 - .1 .7 1 .5 .7 .6 - 1 .5 - .0 11 -67 .4 .3 . 1- .4 - .5 - .0 .3 .3 .0 .3 .7 1 .5 .8 .2 - .8 - 12 -6 7 .7 .7 .3 .0 .0 .5 .8 .9 .6 .9 1.4 2 .1 1.6 .9 .7 0 5 -6 6 0 6 - 6 6 0 7 -6 6 0 8 -6 6 0 9 -6 6 10-66 10 6.2 10 6.1_____ 1. 1- .4 .0 1. 1 2.0 2. 3 4.0 106.2 7.0 1 0 6 . 8P 11-66 12-66 01-67 10 2-67 03 -67 04 -6 7 05 -6 7 106-67 07 -6 7 I0 8-67 0 9 - 67 10-67 11-67 IN IT IA L MONTH * NOT SEASONALLY ADJUSTED P- PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. JANUARY 26. 1968 LOUIS 11 Prices Ratio Scale Ratio Scale 1957-59=100 1957-59=100 S o u rc e : U.S. D e p a r t m e n t of L a b o r Percentages are annual rates of change between periods indicated.They are presented to aid in comparing most recentdevelopments with past "trends.” Latestdata plotted:Decem ber prelim inary Prepared by Federal Reserve Bank of St. Louis 12 WHOLESALE PRICES - INDUSTRIALS COMMODITIES * COMPOUNDED ANNUAL RATES OF CHANGE________ 100 0 1 o -4 TERMINAL_________________________________________________________ IN IT IA L MONTH________________________________________________________ 19 57-5? / MONTH 0 8 - 6 7 . 0 9 -6 7 10-67 1 1 -6 7 05 -6 6 0 6 - 6 6 07 -6 6 0 8 -6 6 0 9 -6 6 10-66 11-66 12-66 0 1 -6 7 02 -6 7 0 3 -6 7 0 4 -6 7 05 -6 7 0 6 - 6 7 1 0 4.9 0 6 -6 6 2.3 0 7 -6 6 2.9 3 .5 0 8 -6 6 1.9 1 .7 10 5.2 .0 10 5.2 10 5.2 0 9 -6 6 1.4 1.2 .0 .0 10-66 1 .4 1 .2 .4 •6 10 5.3 10 5.5 11-66 1.5 1 .4 .9 1.1 % 2 .3 12-66 1.3 1.1 .7 .9 1.1 .0 10 5.5 10 5 .8 01 -6 7 1.6 1 .5 1.1 1.4 1.9 1 .7 3.5 02 -6 7 1 .7 1 .6 1.3 1 .5 2.0 1 .9 2.9 03 -6 7 1. 5 1 .4 1. 1 1 .3 1 .6 1.4 1.1 .0 04 -6 7 1.4 1 .3 1.0 1.1 1 .3 1. 1 .8 .0 .0 05 -6 7 1 .2 1.1 .9 1 .0 1.1 1 .0 .6 .0 .0 .0 06 -6 7 1 .2 1.1 .8 .9 1 .0 .8 .5 .0 .0 .0 .0 07 -6 7 1.1 1. 0 .8 .8 .9 .7 .4 .0 .0 .0 .0 .0 08 -6 7 1 .2 1.1 1.0 1 .0 1.1 1 .0 .8 .6 .7 .9 1.1 1 .7 3.4 0 9 -6 7 1.3 1. 2 1.1 1.1 1.2 1.1 1.0 .8 .9 1.1 1.4 1 .9 2.9 2.3 10-67 1.4 1.4 1.2 1 .3 1 .4 1 .3 1 .3 1.1 1 .3 1.5 1.8 2 .3 3.1 2.9 3.4 11-67 1 .5 1 .5 1.4 1.4 1 .6 1.5 1.5 1.4 1.6 1 .8 2.1 2 .5 3.1 3.1 3.4 3.4 12-67 1 .6 1.6 1.5 1 .6 1.7 1.7 1.7 1.6 1 .8 2.0 2 .3 2.7 3.2 3. 1 3.4 3.4 10 6.0 2.3 10 6.0 10 6.0 10 6.0 10 6.0 10 6.0 10 6.3 10 6.5 1 0 6.8 107.1 3.4 107.4P 0 5 -6 6 0 6 -6 6 0 7 -6 6 0 8 -6 6 0 9 -6 6 10-66 11 -6 6 12 -6 6 01 -6 7 0 2 -6 7 0 3 -6 7 0 4 -6 7 0 5 -6 7 0 6 -6 7 0 7 - 6 7 0 8 -6 7 0 9 -6 7 10--67 11--67 IN IT IA L MONTH * NOT SEASONALLY ADJUSTED P- PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS JANUARY 26 . 1968 WHOLESALE PRICES - FARM PRODUCTS,AND PROCESSED FOODS AND FEEDS * COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL MONTH IN IT IA L MONTH 1957 -5 9 / 100 05 -6 6 06 -6 6 07 -6 6 08 -6 6 0 9 -6 6 10 -6 6 11- 6 6 12!—66 0 1 -6 7 02 -6 7 0 3 -6 7 04 -6 7 0 5 -6 7 0 6 -6 7 07 -6 7 0 8 -6 7 09 -6 7 10 - 6 7 11 - 6 7 06 -6 6 2.2 - 10 7.7 0 7 -6 6 11 .7 27.5 08 -6 6 13 .2 21.8 0 9 -6 6 10 .3 1 4 .9 9. 1 10-66 2.0 3. 1 3 .9 - 1 2 .7 - 2 5 . 5 - 10 9.9 16 .4 11 1.3 2.2 11 1.5 10 8.8 11-66 1 .5 - 1.3- 7 .5 - 1 4 .3 - 2 1 . 5 - 12-66 1.9 - 1.9 - 6 .9 - 1 1 .9 - 01-6*7 1.2 - 1.1- 5.2 - 9.0 - 11.6- 6 .5 - .6 - 02 -6 7 2.7 - 2.8 - 6.5 - 9 .8 - 1 2 .0- 8 .3 - 5 .1 - 5 .5 - 1 3 .6 - 10 5.7 0 3 -6 7 3 .7 - 3 .8 - 7 .1 - 1 0 .1 - 12 .0- 9 .0 - 6 .8 - 7 .6 - 1 2 . 7 - 1 1 .8 — 10 4.6 0 4 -6 7 4 .5 - 4 .8 - 7 .8 - 1 0 .5 - 12. 1- 9 .7 - 8. 1- 9 .0 - 1 2 .8 - 1 2 .4 - 12.9- 103.4 05 -6 7 2 .7 - 2.7 - 5 .3 - 7.5 - 8.6 - 5 .9 - 3 .9 - 3 .3 - 0 6 -6 7 .9 - .8 - 3. 1- 4.8 - 5.6 - 2 .7 - .5 - 17.2- 16. 1- 1 1 . 0 - 107. 1 4 .4 - 10 6.7 3 .4 .2 10 7.0 5 .5 - 2 .6 - 2.3 2 3 .2 .4 - 3.2 8.7 21.4 2 2 .6 3 .7 07 -6 7 .5 - .3 - 2 .4 - 3 .9 - 4 .5 - 1 .8 - .3 1 .0 .6 0 8 -6 7 2 .0 - 2 .0 - 4 .0 - 5 .5 - 6. 1- 4 .0 - 2 .4 - 2 .1 - 2 .9 - 10 6.8 8.0 16 .0 13.9 5 .8 10 7.3 .9 - 1.4 5.3 .8 8 .7 - 2 1 .1 - 10 5.2 1.3 4 .5 .9 5 .5 - 10.7- 1.1 10 5.3 2 .0 7 .4 -.................... 3 .0 7 .5 - 11.4— 10.5- 6.1*- 1 2 . 9 - 104. 1 09 -6 7 1.8 - 1.8 - 3 .6 - 5.0 - 5 .6 - 3 .5 - 2 .0 - 1.7 - 2 .4 - .6 - 10-67 2 .5 - 2.5 - 4 .2 - 5.6 - 6. 1- 4 .3 - 3 .1 - 2 .9 - 3 .6 - 11-67 2 .8 - 2 .8 - 4 .5 - 5.7 - 6.3— 4 .6 - 3 .5 - 3.U - 4 .0 - 2 .3 t 2 .9 - 1 .7 - 12 -67 1,8 - 1,8 - 3 .3 - 4 .4 - *»«8- 2 .0 - 1 .8 - 2 .2 - UP- .3 3 .2 - 10 5.0 .8 - 1 .4 .0 2 .0 .3 - 3 .7 - 5.5 - 6.7-- 1 0 . 4 - 7.8- 1.1- 4 .1 1.9- 10 3.4 17.5 1 0 4 . 8P 0 5 -6 6 0 6 - 6 6 0 7 -6 6 0 8 -6 6 0 9 -6 6 10 -66 11 -66 12-66 0 1 -6 7 02-6? 0 3 -6 7 0 4 -6 7 0 5 -6 7 0 6 -6 ? 0 7 -6 7 0 8 -6 7 0 9 - 6 7 10 -6 7 11 -67 IN IT IA L MONTH * NOT SEASONALLY ADJUSTED Digitized FRASER P- for PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS JANUARY 26. 1968 13 G e n e ra l Price In d e x * Ratio Scale 1958=100 * As used in National Income Accounts Ratio Scale 1958=100 Source: U.S. Department of Commerce Percentages are annual rates of change between periods indicated.They are presented to aid in comparing most recent developments with past "trends.” Latest data plotted: 4th quarter Prepared by FederalReserve BankofSt.Louis IMPLICIT PRICE DEFLATOR FOR GROSS NATIONAL PRODUCT _________ COMPOUNDED ANNUAL RATES OF CHANGE__________ TERMINAL QUARTER IN IT IA L QUARTER 1958 / „ m o 01 -6 3 02 -6 3 0 3 -6 3 04 -6 3 0 1 -6 4 02 -6 4 03 -6 4 04-64 01 -65 Q2z£5_ Q3-£5_ 04-65 01 -6 6 0 2 -6 6 Q3-66 04 -6 6 0 1 -6 7 02 -6 7 0 3 -6 7 02 -6 3 1.1 03 -6 3 .9 107.0 .8 107.2 04 -6 3 1 .4 1.5 2.3 0 1 -6 4 1 .4 1.5 1.9 10 7.8 1.5 108.2 02 -6 4 1 .4 1.4 1.6 1.3 1.1 03 -6 4 1 .5 1 .6 1.8 1. 6 1.7 «o 1 x o 1.6 1 .6 1.8 1. 7 1.7 2.0 1.9 0 1-6 5 1.6 1 .7 1.9 1.8 1.9 2. 1 2 .0 2 .2 10 8.5 2.2 109. 1 109. 6 110.2 02 -6 5 1 .7 1 .8 1.9 1.9 1.9 2 .1 2.1 2.2 2 .2 0 3 -6 5 1 .7 1 .7 1.9 1.8 1.8 2 .0 1 .9 2 .0 1.8 1.5 04 -6 5 1 .7 1.7 1 .9 1.8 1 .8 2 .0 1 .9 1.9 1.8 1.6 1.8 0 1 -6 6 1 .8 1 .8 2 .0 1 .9 2.0 2.1 2. 1 2.1 2.1 2.1 2.4 2 .9 0 2 -6 6 1 .9 2 .0 2 .1 2 .1 2.2 2.3 2 .3 2.4 2.4 2.4 2 .8 3.3 3.6 3 .2 3.4 110.8 111.2 11 1.7 11 2.5 11 3.5 0 3 -6 6 2.0 2.1 2.2 2 .2 2 .3 2 .4 2.4 2.5 2.5 2.6 2.9 0 4 -6 6 2.1 2 .2 2 .3 2 .3 2 .3 2 .5 2 .5 2 .6 2.6 2.7 2.9 3 .2 3.3 3 .2 3.2 01 -6 7 2.1 2 .2 2.3 2 .3 2 .4 2.5 2 .5 2.6 2 .6 2.7 2.9 3.1 3.1 3.0 2.8 2.5 3.2 114.4 11 5.3 11 6.0 0 2 -6 7 2. 1 2.2 2 .3 2 .3 2 .3 2.4 2 .5 2.5 2.5 2 .6 2.8 2.9 2.9 2.7 2.6 2 .3 2 .1 0 3 -6 7 2 .2 2 .3 2 .4 2 .4 2 .4 2.5 2.6 2.6 2.7 2.7 2.9 3 .0 3.1 3 .0 2.9 2.8 3.0 3.8 0 4 -6 7 2.3 2.4 2.5 2 .5 2.5 2 .6 2.7 2.7 2.8 2.8 3.0 3.1 3 .2 3 .1 3.1 3 .0 3.2 3.8 116.6 11 7.7 3 .8 11 8.8 0 1 -6 3 0 2 -6 3 0 3 -6 3 OH-63 0 1 -6 4 0 2 -6 4 0 3 -6 4 04 -6 4 0 1 -6 5 02 -6 5 03 -6 5 0 4 -6 5 0 1 -6 6 0 2 -6 6 0 3 -6 6 0 4 -6 6 0 1 - 6 7 0 2 -6 7 0 3 -6 7 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS FEBRUARY 16.1968
@FedFRASER