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noTionm Economic
PREPARED

M
ONTH ENDING:

BY

FEDERAL

J a n u a ry 31, 1968

RESERVE

BANK

t r e i i ds
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

____________ L
i______
THOUSANDS
- .....O PERSONS. _
F.

IN IT IA L MONTH
06 -6 6 0 7 -6 6 Ofi-66 0 9 -6 6

07 -6 6
0 8 -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

1 .6
3.2

in -6 6

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

_

.3 -

73,796

0 2 -6 7

2.7

2.8

2.5

3.0

3. 1

1 .3

2 .2

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

2.2

3 .8 -

I l s 919

.SL-

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

7 4 .4 7 8

. 5.1

7 4 .6 6 4

2.3

2 .1

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

2.2

2.2

2.0

2.2

2. 1

1 .6

2.6

2. 5__

2.6

2 .7

2 .2

0 1 -6 8

2. 1

2 .1

1.9

2.1

2 .0

1 .6

74,638
7 4 .7 3 5

1.6

1.5

2.4

4.0...

2.7

2.1

1 .8

3.0

4 .4

2 .5

3#2 _ 3 * 5 _

«1.8

2 . 9 .... 3 - 6

3.7

5 .L

7 .0

9.6

1.5

1.7

1.7

2*2...

1.8
. 2*4.

.

7 4 ,1 6 9

IQ.**..

2 .2

2 .6

.

7 3 .5 5 0

0 8 -6 7

11-67

.

7 3 ,8 2 2

2 .2 -

12-67

.

74,063

.5 -

0 3 -6 7

.

7 4 ,0 9 4

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

0
06 -6 6 07-6 6 1 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
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

2. 1

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

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
06 -6 6 0 7 - 6 6 - 08 -6 6 0 9 -6 6 10 -66 11-66 12-66 01—

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

4.3
5 .0

8.3

10-66

1.9

3.0

11-66

2. 1

3.0

12-66

.2 -

10-67 11-67 12 -67

10 .4

09 -6 6

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

1. 5 -

0 8 -6 6

10-66 11-66

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

25. 368

1 .8

16 .2

2 .2 -

.9 -

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


P- 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 — 7
A

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

A
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 — 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
0!
0
°

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

0
06-67 07 -6 7 I 8-67 0 9 - 67 10-67 11-67
0
11-66 12-66 01-67 1 2-67 03 -67 04 -6 7 05 -6 7 1
IN IT IA L MONTH

* NOT SEASONALLY ADJUSTED
Digitized PRELIMINARY
P- for FRASER



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

1
2
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

P- 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
03 -6 3

.9

107.0

1.1
.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