Full text of National Economic Trends : July 1967
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PREPARE0 BY FEDERAL RESERVE BANK OP ST* tOUIS MONTH ENDING: June 30, 1967 RELEASED: July 21, 1967 D e s p it e the r e c e n t m o d e r a t io n in e c o n o m i c a c t iv it y , u n d e r ly in g d e m a n d s f o r g o o d s and s e r v i c e s have r e m a i n e d s t r o n g and u p w a r d p r e s s u r e on p r i c e s has co n tin u e d . T o t a l s p e n d in g i n c r e a s e d at a 3. 5 p e r c e n t annual rate d u r in g the f i r s t h a lf o f trie y e a r , c o m p a r e d w ith a 7 p e r c e n t i n c r e a s e f r o m the f i r s t to the f o u r t h q u a r t e r s o f 1966. F in a l s a l e s (sp e n d in g oth e r than f o r i n v e n t o r i e s ) i n c r e a s e d at an annual r a te o f 8 p e r c e n t in the f i r s t h a lf o f the y e a r c o m p a r e d w ith 6 . 5 p e r c e n t d u r in g 1966. R e a l p r o d u c t g o in g to u lt im a t e u s e r s , fin a l s a l e s a d ju s t e d f o r p r i c e c h a n g e s , i n c r e a s e d at an e s t im a t e d 6 p e r c e n t r a te s i n c e la te l a s t y e a r in c o n t r a s t to a 3 p e r c e n t i n c r e a s e d u r in g 1966. F e d e r a l G o v e r n m e n t p u r c h a s e s a c c o u n t e d f o r 1 1 .5 p e r c e n t o f to ta l s p e n d in g in the s e c o n d q u a r t e r , con tin u in g the upward; t r e n d f r o m the m i d - 1965 s h a r e o f 9. 7 p e r c e n t. The i n c r e a s e d s h a r e has r e s u l t e d f r o m an i n c r e a s e in the p r o p o r t i o n o f tota l p r o d u c t a l l o c a t e d to d e f e n s e . The e c o n o m i c p a u s e o c c u r r e d as b u s i n e s s m e n a tt e m p te d to a d ju s t u n u s u a lly l a r g e in v e n t o r i e s t o w a r d a m o r e n o r m a l r e l a t i o n sh ip w ith s a l e s . In d u s t r ia l p r o d u c t io n , r e f l e c t i n g t h e s e in v e n t o r y a d ju s t m e n t s , has d e c r e a s e d at a 3 . 5 p e r c e n t annual r a t e f r o m O c t o b e r to June. E m p l o y m e n t i n c r e a s e d in June, but the l a b o r f o r c e g r e w e v e n f a s t e r . P a y r o l l e m p l o y m e n t has r i s e n at a 1 . 5 p e r c e n t annual r a t e s i n c e D e c e m b e r , o r a bou t the s a m e r a te a s p o p u la t io n o f w o r k f o r c e a g e . U n e m p lo y m e n t a v e r a g e d 4 p e r c e n t o f the l a b o r f o r c e in June, up f r o m the 3. 8 p e r c e n t l e v e l w h ic h had p e r s i s t e d s i n c e e a r l y l a s t f a il. The g e n e r a l p r i c e in d ex r o s e at a 2 . 4 p e r c e n t r a t e in the f i r s t h a lf o f the y e a r , c o m p a r e d w ith a 3. 2 p e r c e n t i n c r e a s e l a s t y e a r . P r i c e s p a id b y c o n s u m e r s f o r a ll i t e m s e x c e p t f o o d r o s e at a 4 p e r c e n t annual r a t e f r o m Ja n u a ry to M a y , f o l l o w i n g an a v e r a g e i n c r e a s e o f 2 . 4 p e r c e n t d u r in g the p r e v i o u s two y e a r s . F o o d p r i c e s , w h ic h had f a lle n f o r eigh t m o n t h s , r o s e in M a y. g ro s s i : . \ n o : : a t t o s - ' z i m c u :.r s n t c o l l a r s ________________________________ ______ /.,♦>m * » a ¿y;:-: n r f.HAMftg_______________________________________________________________gHLLiOKS TPr.MINAi — I---— ________— — — — ... ......... . h k jk tr t » 4 ... — — ---- -— 1 N ÏY U L Cd»/«. ..........— --------- ---------- --- ------------- — — — ------ — DOLLARS w i f i j ^ n u i c-i G4-65 0 1 -6 6 G/—66 G3-.S6 0 *~ 6 6 0 1 -6 7 .... .. . 0 3 -6 2 0 4 -6 2 0 1 -6 3 0 2 -6 3 0 3 -6 3 0^—63 0 1 -6 4 02—cU 03-6V 04-6U 0 1 -6 5 0 2 -6 5 0 3 -6 5 ■ -■............ ............. .... ‘- “n 1 '?! 572. C C»:-62 5 .5 0 1 -6 3 4 .7 3 .8 0 2 -6 3 4 .7 4 .3 4 .8 0 3 -6 3 5 .4 5 .3 6 .1 7 .4 0 4 -6 3 5 *8 5 .9 6 .6 7 .5 7 .7 0 1 -6 4 6 .2 6 .3 7 .0 7 .f 7 .9 577 .4 584..1 5 9 4 .7 6 C 5 .8 8 .1 6 1 7 .7 628. C 0 2 -6 4 6 .3 6 .4 7 .0 7 .5 7 .5 7 .5 6 .8 0 3 -6 4 6 .4 6 .5 7 .0 7 .4 7 .4 7 .4 7 .0 7r I 6 3 8 .9 0 4 -6 4 6 .1 6 .2 6 .5 6 .8 6 .7 6 .5 6 .0 5 .5 3 .9 0 1-65 6 .6 6 .8 7 .1 7 .5 7 .5 7 .5 7 .3 7 .4 7 .6 6 4 5 .1 1 1 .4 6 6 2 .7 6 7 5 .4 0 2 -6 5 6 .6 6 .9 7 .2 7 .5 7 .5 7 .5 7 .4 7 .6 7 .7 9 .6 7 .9 0 3 -6 5 6 .9 7 .1 7 .4 7 .7 7 .7 7 .7 7 .7 7 .8 8 .0 9 .4 6 .4 6 .9 0 4 -6 5 . 7 .2 7 .4 7 .7 8 .0 8 .1 8 .1 8 .1 8 .4 8 .6 9 .8 9 .3 1 0 .0 11.1 7 0 8 .4 10 .7 1 0 .3 7 2 5 .9 690. C 0 1 -6 6 7 .5 7 .6 7 .9 8 .2 8 .3 8.41 8*4 8 .6 8 .9 9 .9 9 .5 10.1 0 2 -6 6 7 .4 7 .5 7 .8 8 .0 8 .1 8 .1 8 .1 8 .3 8 .5 Ÿ .3 8 .8 9 .1 9 .1 8 .2 7 3 6 .7 6 .1 0 3 -6 6 7 .3 7 .5 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 .3 7 .4 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 .0 7 .1 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 T 6 .9 7 .0 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 H .7 3 .5 7U 6.fi 7 6 2 .1 7 6 6 .3 * .8 7 7 5 .3 ? PREPARED BY FEDERAL "RÉSERVE PANK’ Q fS T Z LÖÜI S ~ JULY 1C, 1967 GROSS NATIONAL PRODUCT IN CONSTANT 19 5 * DOLLARS C0MP0UNDE0 ANNUAL RATES O f CHANGE TERMINAL “ quarT S r ” 8ILL20NÔ OF DGLLAÜS AMföHCTOTSsT" 0 3 -6 2 0 4 -6 2 0 1 -6 3 0 2 -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 0 2 -6 5 0 3 -6 5 0 4 -6 5 0 1 -6 6 0 2 -6 6 I153-66 0 4 -6 6 01 - 6 7 IN IT IA L QUARTER 0 4 -6 2 3 .7 0 1 -6 3 3 .0 0 2 -6 3 3 .2 2 .9 3 .6 0 3 -6 3 4 .0 4 .1 5 .1 5 3 3 .3 2 .2 5 4 1 .2 5 4 6 .0 6 .5 0 4 -6 3 4 .3 4 .4 5 .2 6 .0 5 .4 0 1 > <r 5 5 4 .7 4 .7 4 .9 5 .5 6 .2 6 .0 6 .6 G 2-64 4 .8 4 .9 5 .5 6 .0 5 .8 6 .0 5 .4 0 3 -6 4 4 .8 5 .0 5 .4 5 .8 5 .6 5 .7 5 .2 5 .1 0 4 -6 4 4 .5 4 .6 4 .9 5 .1 4.9 4 .7 4.1 3 .5 1.9 0 1 -6 5 4 .9 5 .1 5 .4 5 .7 5 .6 5 .6 5 .3 5 .3 5 .4 9 .1 0 2 -6 5 5 .0 5 .1 5 .4 5 .7 5 .6 5 .6 5 .4 5 .4 5 .5 7 .3 0 3 -6 5 5 .2 5 .3 5 .6 5 .9 5 .8 5 .8 5 .7 5 .8 6 .0 7 .4 6 .5 7 .4 0 4 -6 5 5 .5 5 .6 6 .0 6 .2 6 .2 6 .2 6 .2 6 .3 6 .6 7 .8 7 .4 8 .3 9.1 562. 1 5 7 1 .1 5 7 8 .6 5 H 5 .8 5 8 8 .5 e o i. s 5 .6 6 0 9 .7 6 2 0 .7 6 3 4 .4 01-66 5 .6 5 .7 6 .1 6 .3 6 .3 6 .3 6 .3 6 .4 6 .7 7 .7 7 .3 7.9 8.1 7.1 02-66 5 .4 5 .5 5 .8 6 .0 5 .9 5 .9 5 .9 5 .9 6.1 6.6 6 .3 6 .5 6 .2 4 .3 2 .4 0 3 -6 6 5 .3 5 .4 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 64514 6 4 9 .3 654. F 3 .4 0 4 -6 6 5 .2 5 .3 5 .5 5 .6 5 .6 5 .6 5 .5 5 .5 5 .5 6 .0 5 .6 5 .5 5 .2 4 .2 3 .3 3 .7 3.9 0 1 -6 7 4 .9 4 .9 5.1 5 .2 5.1 5.1 5.0 4.9 4 .9 5 .3 4 .8 4 .7 4 .3 3 .3 2 .4 2 .4 1 .8 .0 2 -6 7 4 .7 4 .8 5 .0 5 .0 4.9 4^9 4 .0 4.7 4 .7 5 >0 4 .5 4 .4 4 .0 3 .2 2 .4 2 .4 2 .0 6 6 1 .1 .2 1 .1 6 6 0 .7 2 .4 6 6 4 .6P P - P f t f L I MÎNARY PR6P>.?,SÜ SY PSQ2*AL RcSERVc 3Ari* Of*“ST. LOÜJS ÄLV 1 **7 D e m a n d Ratio Scale Billions of Do l l ar s a n 4 Prec'u Ratio Scale Billions of Dollars Q u a r t e r l y Totals a t A n n u a l Rates S e a 5o n a I i y A cl j u s t e d 800 2nd qtr. 4 5 0 L— L— +0.3% — 1959 ls fQfr 450 i— — ----------— 1 1 1960 1961 1962 1963 1964 1965 1966 1967 LLGNP in current dollars. Source: U.S. De par tmen t of Commerce [2.GNP in 1958 d o ll a rs . Percentages a re a n n u a l rates of change between per iods I n d ic a te d . They are presented to aid in c o m p a r in g most recent d e v e lo p m e n ts with past " t r e n d s ” , a n d may not be re le v a n t for other purposes. Latest d a t a plotted: 2nd q u a r t e r p r e li m in a r y Prepared by Federal Reserve Bank of St. Louis TOTAL C IV IL IA N Ett^LOY^nMi COMPOUNDED ANNUAL RATES OF CHANS« fäÖUSÄKDS OF PERSONS IN IT IA L MONTH * 5-i&JL .t. h 1 1 -6 5 1 2 -6 5 0 1 -6 6 0 2 -6 6 0 3 -6 6 0 4 -6 6 0 5 -6 6 0 6 -6 6 0 7 -6 6 0 8 -6 6 0 9 -6 6 -6 5 7 .9 -6 6 5 .8 7 2 ,4 1 0 7 2 ,3 4 1 3 .4 1 .3 1 .2 - 2 .3 .4 1 .2 - * -6 6 2 .7 1 .5 5 -6 6 US .2 6 -6 6 2 . 1» 1 .5 .7 •6- 7 2 ,2 6 6 1 .2 1 .7 .5 - 7 2 ,5 4 2 4 .7 .1 - 7 2 ,2 5 3 4 .7 - 7 2 .7 3 0 1.1 1 .6 2 .6 1 .6 8 .2 1 .6 1.2 1 .7 2 .4 1 .7 5 .0 2 .0 2 .0 1 .7 2 .2 2 .9 2*5 5 .0 3 .4 7 2 ,8 4 6 7 3 *1 4 1 5 .0 7 3 ,1 9 5 0 9 -6 6 2 .3 1 .9 1 .6 2 .0 2 .6 2 .2 4 .0 2 .6 2 .9 .9 « 0 -6 6 2 .2 1 .7 1 .5 1 .8 2 .2 1 .8 3 .2 2 .0 2 .0 .5 1 1 -6 6 3 .0 2 .6 2 .5 2 .9 3 .4 3 .2 4 .6 3 .9 4 .4 4 .2 5 .9 12 .1 1 2 -6 6 2*8 2 .4 2 .2 2 .6 3 .0 2 .8 3 .9 3 .2 3 .5 3 .1 3 .9 5 .8 0 1 -6 7 3w0 - ' 2 . 6 2 .6 2 .9 3 .3 3 .2 4 .2 3 .6 3 .9 3 .7 4 .4 5 .9 2 .9 6 .1 7 4 ,2 5 5 0 M 1 o> ¡•*1 2 .3 2 .6 1 2 -6 6 0 1 -6 7 0 2 -6 7 0 3 -6 7 0 4 -6 7 05 -6 7 3 .7 -6 6 )8 -6 6 11-6^ 7 2 ,1 8 9 *-6 6 •7 -6 6 1 0 -6 6 2 .7 2 .3 2 .2 2 .5 2 .8 2 .6 3 .5 2 .9 3 .1 2 .7 3 .1 3 .9 1 .3 2 . 0 1 . 9 - 7 4 ,1 3 7 0 3 -6 7 2 .1 1 .7 1 .6 1 .8 2 .1 1 .8 2 .5 1 .9 1 .9 1 .4 1 .5 1 .0 2 .0 7 3 ,1 9 9 .1 0 4 -6 7 2 .1 1 .8 1 .7 1 .9 2 .1 1 .9 2 .5 2 .0 2 .0 1 .6 1 .7 0 5 -6 7 1 .4 1 .1 .9 1 .1 1 .2 1 .0 1 .4 .8 .7 .3 .2 .2 0 6 -6 7 2 .1 1 .6 1 .7 1 .9 2 .1 1 .9 2 .4 2 .0 2 .0 1 .7 1 .7 2 .0 7 3 ,8 9 7 7 3 ,6 9 3 .1 - 7 3 ,7 4 7 .6 - .8 - 4 .0 - 6 .1 - .0 .1 1 .9 - 1 .8 - 2 .7 1 .6 - 1 .9 - 3 .9 - 4 .5 - 3 .7 - 9 .6 - .6 .7 2 .2 1 .9 .4 - .0 7 3 ,9 1 0 7 3 ,2 8 9 15 .0 7 4 , 147 PREPARED BY FEOERAL RESERVE BANK OF ST. LOUIS JULY 11» 1967 PAYROLL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE THOUSANDS OF PERSONS IN IT IA LM O N T H TERMINAL MONTH 1 1 -6 5 1 2 -6 5 7 .6 1 2 -6 5 0 1 -6 6 0 2 -6 6 0 3 -6 6 0 4 -6 6 0 5 -6 6 0 6 -6 6 0 7 -6 6 0 8 -6 6 0 9 -6 6 1 0 -6 6 1 1 -6 6 1 2 -6 6 0 1 -6 7 0 2 -6 7 0 3 -6 7 0 4 -6 7 0 5 -6 7 6 2 ,2 4 1 6 2 ,4 6 9 0 1 -6 6 6 .0 4 .5 0 2 -6 6 6 .3 5 .6 0 3 -6 6 6 .9 6 .6 7 .7 8 .6 OU-66 5 .9 5 .4 5 .8 5 .3 2 .0 C 5 -6 6 5.U 5 .0 5 .1 4 .6 2 .6 3 .2 0 6 -6 6 5 .9 5 .7 5 .9 5 .7 4 .7 6 .1 0 7 -6 6 5.1t 5 .1 5 .2 4 .9 4 .0 4 .6 5 .4 1 .7 0 8 -6 6 5 .1 4 .8 4 .8 4 .5 3 .7 4 .1 4 .4 2 .1 6 2 ,8 1 1 6 .8 6 3 , 24? . 6 3 ,3 5 0 6 3 ,5 1 7 9 .2 6 3 ,9 8 3 * 4 ,0 7 2 2 .4 6 4 ,1 9 9 .6 - 0 9 -6 6 *».5 4 .2 4 .1 3 .7 2 .9 3 .1 3 .1 1 .2 .9 1 0 -6 6 4 .6 4 .3 4 .3 4 .0 3 .3 3 .6 3 .6 2 .3 2 .5 2 .5 5 .7 1 1 -6 6 ü .8 4 .5 4 .5 4 .3 3 .8 4 .0 4 .2 3 .2 3 .6 3 .9 6 .3 6 .9 4 .1 4 *2 5 .8 5 .8 4 .8 4 .5 5 .8 5 .8 5 .3 6 4 ,1 6 8 6 4 ,4 6 6 6 4 ,6 2 3 1 2 -6 6 4 .8 4 .6 4 .6 4 .3 3 .9 4 .2 3 .5 3 .8 0 1 -6 7 t».9 4 .7 4 .7 4 .5 4 .1 4 .3 4 .4 3 .8 4 .1 0 2 -6 7 4 .7 4 .5 4 .5 4 .3 3 .9 4 .1 4 .2 3 .6 3 .8 4 .1 5 .0 4 .9 4 .2 3 .9 2 .2 4 .1 3 .7 3 .9 4 .0 3 .4 3 .6 3 .8 4 .5 4 .3 3 .6 3 .3 2 .0 3 .4 2 .8 2 .9 3 .0 3 .5 3 .2 2 .4 1 .9 .6 .2 - 2 .2 1 .7 - 1 .2 - .2 - .8 6 5 ,0 7 6 5 .8 6 5 ,3 8 1 6 5 ,4 9 7 1 .9 0 3 -6 7 4 .5 4 .3 4 .3 0 4 -6 7 4 .1 3 .9 3 .8 3 .6 3 .3 3 .4 0 5 -6 7 3 .8 3 .6 3 .5 3 .3 2 .9 3 .C 3 .0 2 .4 2 .5 2 .5 2 .9 2 .5 1 .8 1 .3 .2 .5 - 0 6 -6 7 3 .7 3 .5 3 .5 3 .3 2 .9 3 .0 3 .0 2 .5 2 .5 2 .6 2 .9 2 .6 2 .0 1 .5 .7 .3 6 5 ,6 0 0 6 5 ,4 7 6 6 5 ,4 1 2P 2. 8 6 5 , 565P P - PRELIM INARY___________ :___________________________________________________________________________________________________________ ______ PREPAREO BY FEDERAL RESERVE BANK OF S T,*TO Ü IS JULY 11 . 1967 * 5 Employment :atio Scale R a t i o Seal © 0ns 1 f*' A * Vt» S,;' 90 80 -i 7 0 60 50 Percentages are annua! rates of change betw een periods in d icated . They are presented to aid in com paring most recent developm ents with p a s t''tre n d s ” , and m ay not be relevant for other purposes. Latestdata plotted:June p relim in ary Prepared byFederclReserveBank ofSt.Louis 6 INDUSTRIAL PRODUCTION COMPOUNDED ANNUAL RATES OF CHANGE 12-65 IN1TIAL HONTH 11-65 12-65 01-66 02-66 03-66 Od-66 05-66 06-66 07-66 08-66 09-66 1957- 59 / 100 © t > TERMINAL KOSTH 11-66 12-66 01-67 02-67 03-67 0*-67 05-67 1H9.0 20«5 01-66 17*0 13.7 02-66 16*5 1U.5 15.3 150.6 03-66 15.0 13.2 13.0 10._7 152« *» 155.7. 153.? OU-66 12*2 10.2 9.1 6.1 1.6 C5-66 12« 1 1C.5 9.7 7.8 6.* 11.5 06-66 11.* 10.3 9.7 8.3 7.5 10.6 9.7 OT-66 10*9 9.6 9.0 7.7 7.0 8.9 7.6 5.5 5.9 155.3 156.5 Cb-66 10.H 9.2 8.6 ?_*_§_ 6.9 8.2 7.1 C9-66 9.1 7.9 7.2 6.0 5.3 6.0 h »7 ... 3.1 10-66 9.1 8.0 7.H 6.5 5.9 6.6 5.7 11-66 8.1 7.1 6.1» 5.5 *.8 5.3 H.3 3.3 12-66 7.7 6.7 6.1 5.2 H.6 5.0 %.l 3.2 01-67 6.6 5.6 _ 5.0 A .! 3.5 _ 3.7 2.7 1.8 02-67 5.3 %.2 _ 3.6 _2*6 1.9 2.0 AJl 05-67 H.9 %.o 3.3 2.H 1.8 1.8 .9 OU-67 %.5 3.6 3.0 2.1 1.5 1.5 .6 05-67 %.0 3.1 2.H 1.6 1.0 1.0 .1 06-67 3.6 2.8 2.2_ 1.% •8 .7 .1- 157.2 6.3 1.9 _2.33.5 %.7 2.7 1.2 157.7_ 9.5 158.9 1.5 3.5 2.2- 1.9 3.3 .% .2 _ .J U 2.02*0 • H.6- 158.6 3.1 1.9- .1- _.9- 2.0- .8- 1.7- 1.6- 3.7- .8- 1.7- 1.6- 3.%- 3.6- .7- 1.3- 2.1- 2.1- 3.6- .8- 1.H- 2.1- 2.1- 3.5- .1.2- 159. C 6.6- 15C.1 5 .* - ‘ 9 .*- 12.2*.1 - ...JSjW l ..: 6.3- .0 5.2- *.7 - .8— 1.5- 3.9- 5.2- *.9 - 2.3- 3 .*- 3.6- %.7- *.3~ 3,0- 2.3- 156.2 5.2- 155.5P 3.8- J U fc __ ♦ f>- PREL IMINARY_______________________________________________________________________________________________________________ PREPARED BY FEOSRAL RESERVE BANK OF ST.~LOUfS* JULY 17, 1967 7 Industriai Ratio Scale 1957-39-100 ISO Production Ratio S c o l a 1957-59-100 -130 S e as on a lly Ad ju st ed 170 170 - - + 5 K>* 5 ^ -‘ ..' _ +9.i% > .r ' / 140 +6.4° / 160 ' ' it * 150 - 140 ¥ // w 130 130 120 51 .. ........ .. 120 // L_ . r ^ ^ ! J 1 ‘ 100 i 110 1 . .. _ J no;f 1 LO s> »•••< 1 O Aug.’ól ! I 1959 1960 acjb* 1961 1962 ; 1963 A~. , , 1964 o tr:■>nwewjrr 1965 K <) Mar.’óó! O i t ? 1966 1967 Percentages are ann u a l rates of change between periods i n d ic a te d . They are presented to aid in c o m p a r in g most recent d e ve lo p m en ts with past " t r e n d s ” , an d may not be r e le v a nt for other purposes. Latest data plotted*. June p r e l i m i n a r y Prepared by Federal Reserve Bank of St. Louis 8 RETAIL SALES C M P m N P iP ..A j^ _________________________________________________ ___ MILLIONS OF TERMINAL______ :________________________________ IN ITIA L HONTH__________________________________________________________________________ OOLLARS MONI H 11-65 12-65 01 -6 6 C2-66 0 3 -6 6 OU-66 05-66 06-66 07-66 06-66 09-66 10-66 1 1 -6 * 12-66 C l-6 7 0 2-67 0.5-67 CU-67 C5-67 8*6 ? H ,*16 0 1 -6 6 11.0 13.6 2 5.081 0 2 -6 6 6 .7 5 .* 0 3 -6 6 1 1 .? 12.1 12-65 2 5 ,0 *9 1 .5 1 1 .* 2 5 ,5 3 6 2 6 .0 2 * ,9 * 9 0U-66 3 .0 1 .6 2 .* - 2.1»- 2U.*»- 0 5 -6 6 1 .* - 3 .3 - 7 .1 - 8 . 9 - 2 2 .5 - 2 0 .6 - 2 * ,* 7 S 0 6 -6 6 5 .3 H .7 3 .0 * .2 2 . 2 - 11.2 5 5 .6 0 7 -6 6 O.U 3 .8 2 .3 3 .0 2 .0 - 2 3 .8 6 .8 25,391» 1 .5 - 2 5 ,3 6 2 2 5 .5 7 2 0 8 -6 6 5 .0 4 .6 3.U * .2 .3 7 .7 19.2 i»«3 1 0 .* 0 9 -6 6 5 .2 n .e i.7 U .5 1 .3 7.1» 15.8 5 .0 8 .3 2 5 ,7 0 3 6 .3 2 5 ,5 5 0 10-66 M.O i. 6 2 .5 3 .0 .1 *».9 10.9 » .9 3 .0 .5 - 6 .9 - 1 1 -6 6 3 .9 3 .5 2 .5 3 .0 •H *»♦6 9 .5 2 .1 3 .0 .6 2 .1 - 2 .9 12-66 2 .7 2 .2 1.3 1 .5 .9 - 2 .5 6 .3 2 .U - 5 .1 - * .2 - 0 1 -6 7 3 .6 3 .2 2.1» 2 .8 .7 %.o 7 .5 2 .0 2 .6 0 2 -6 7 2 .7 2 .3 1.H 1 .7 .3 - 2 *5 5. 5 .5 .7 .2 - .1 1.1 .8 - .2 2 .2 - 2 .2 .9 - 25,61C 2 5 ,3 6 8 1 0 .8 1 .8 2 5 ,6 8 7 16.2 2 .2 - __2.U 9 .7 - 2 5 ,* 7 0 2 5 ,7 3 9 0 3 -6 7 3*3 3 .0 2 .3 2 .5 .8 3 .5 6 .2 1 .8 2 .2 1 .1 .3 1 .8 1.5 6 .0 1 .2 1 3 .U 0H-67 3 .6 3 .3 2 .7 3 .0 1.U 3 .9 6 .5 2 .5 2 .9 2 .0 1.% 2 .9 2 .9 6 .6 3 .7 11.0 C5-67 3 .6 3 .3 2 .7 3 .0 1 .5 3 .8 6 .2 2 .5 2 .9 2 .1 1 .6 2 .9 2 .9 5 .9 3 .5 8 .3 0 .8 2 .9 06 -6 7 3 .6 3 .3 2 .7 3 .0 1 .6 3 .8 5 .9 2 .6 3 .0 2 .3 1 .8 3 .0 3.C 5 .5 3.% 7 .0 * .9 3 .1 2 5 ,9 1 8 S .7 2S.980P 3 .3 26.05CP P- PRELIMINARY____________________________________________________ ;_______________;_______________________________________________________________ PPCPARED BY FEDERAL RESERVE CANK OF ST* LOUIS JULY l i t 1967 PERSONAL INCOME COMPOUNOEO ANNUAL RATES OF CHANCE ^ ic n m T W - IN !? ! AL MONTH 11-65 12-65 © 1 HdSTH ' 7 TERMINAL OOLLARS ANNUAL &A1ES 02-66 0 3 -6 6 0 *-6 6 05-66 06-66 07-66 08-66 09-66 10-66 11-66 12-66 01-67 02-67 0 3 -6 7 OU-67 0 5 -6 7 5 6 1 .* 12-6 5 12.3 0 1 -6 6 8 .6 S>.0 0 2 -6 6 8 .5 6 .6 5 6 3 .7 8 .2 567.i» C 3-66 9 .1 8 .0 9 .5 10.9 OH-66 8 .3 7 .3 8 .0 8 .0 5 .2 0 5 -6 6 7.H 6 .* 6 .8 6 .3 t».1 3 .0 0 6 -6 6 7 .9 7 .1 7 .6 7.% 6 .3 6 .9 0 7 -6 6 7 .8 7 .2 7 .6 7 .5 6 .6 7 .1 9 .3 7 .7 0 8 -6 6 8 .0 7 .5 7 .9 7 .8 7 .2 7 .7 9 .3 8.6 «9.1» 5 7 2 .3 * 57 «».7 576. 1 10.9 5 8 1 .1 581». 7 5 8 9 .1 0 9 -6 6 8 .3 7 .8 8 .2 8 .2 7 .8 8 .3 9 .7 9 .3 10.1 10.7 10-66 8 .2 7 .8 8.1 8 .1 7 .7 8 .1 9 .2 8 .7 9 .1 8 .9 7 .1 591». 1 5 9 7 .5 11-66 8 .3 7 .9 8.2 8 .2 7 .9 8 .3 9 .2 8 .9 9 .2 9 .1 8.1» 9 .6 12-6 6 8 .1 7 .8 6 .0 8 .0 7 .7 8 .0 8 .8 e.* 8 .5 8 .3 * 7 .6 7 .8 6 .0 0 1 -6 7 8 .5 8.0 8 .3 8 .3 8 .0 8.U 9 .1 8 .8 9 .0 8 .9 ♦8 .5 8 .9 8 .6 602.1 605. C 11.2 610.U 0 2 -6 7 8 .1 7 .8 8*0 8 .0 7 .7 8 .0 8 .5 8 .2 8 .3 . 8 .1 7 .6 7 .8 7 .2 7 .8 ♦ l».* 0 3 -6 7 7 .9 7 .7 7 .8 7 .8 7 .6 7 .8 8 .3 8 .0 8 .0 7 .8 7.1» 7 .1 6 .9 7 .2 5 .2 0l»-67 7 .6 7 .3 7.1» 7.1» 7 .1 7 .3 7 .7 7 .* 7 .3 7 .1 6 .6 6 .5 5 .8 5 .8 * .1 3 .9 1.8 6 .8 7 .0 7 .3 7 .0 6 .9 6 .6 6 .2 6 .0 5.% 5 .3 3 .9 3 .7 2 .6 3 .* 6 .9 7 .0 7 .3 7 .0 7 .0 6 .7 6 .3 6 .2 5 .7 5 .7 * .6 *».6 km2 5 .* 0 5 -6 7 7 .3 7 .0 7 .2 7 .1 0 6 -6 7 7 .3 7 .1 7 .2 7 .1 6 1 2 .6 6 .0 „ 6 1 5 .6 P - PRELIMINARY ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r n m a r t r r iH JULY a it 1957 ^ k 6 1 6 .5 6 1 8 .2 7.1» 621.9P 9 Retail Ratio Scale Billions of Dollars 30 1959 1960 Sales Ratio Scale Billions of Dollars 3i Seasonally A d ju ste d 1961 1962 1963 1964 1965 1966 1967 Source: U.S. Department of Comnvorce Percentages are ann ual rates of change between periods indicated. They are presented to aid in co m pa ri n g most recent dev elopments with past “ tre n ds ” , and may not be relevant for ot her purposes. Latest data plotted: June p r e li m in a r y Prepared by Federal Reserve Bank of St. Louis 30 toftS irS ft PXIC& iUOKX ♦ JUJLZ=5SLjLJjtf>- MONTH JU.0* 6_ _ .1 X 1 . £ _ _ 0 1 r 6 6 .. . . . 2 . 2 __ 2 * 2 .-.J & 2 r$ 6 . — M if -*SL 1 1 1 ,6 ___ £ * 1 - _3c.<2___ f e t l - _..j* a - . , ,3 .3 - . a « n -- __ 011-66 k .2 3 .a J ^ *L - 5 .5 l»*9 1 1 2 *5 5 *5 _3it_n 3 .7 3 .S %.k 3 *6 3 .3 1*1 3 .k 3 .6 3 .5 k .2 3 .5 3 *3 2 .? jBJ_z66 3 .5 3 *7 3*6 k *2 3 *7 3 *5 0 8 -6 6 3 .7 3 .9 -JL J) . 3 *9 0 9 -6 6 .3 .7 .. 3*8. _ ...3 * 1 . 4 * 2 - -.3«2L ..3*8... 3 .5 ._A*1 . fe*3._. k - 3 _JB 5=A A _ ftA-A A J J $jt£ l 1 1 2 -6 . _ 3 .2 _ 1 1 2 .9 1 1 3 *3 2 *9 5 .H _ 3 * S _ _ Ju 3 1 1 3 *8 . 3 .2 ----------- JLL s .» 3*8 k * 2 ___ 3*S ___ 3 * 8 ___ 3 *6 ___ ! u l ___ k * 3 ___ k * 3 ___ 3 * 8 ___ *u3l_ 3 .5 3. 6 3 .5 3 .9 3.6 , 1 2 r6 6 .. JL3... 3 .k 3 .3 3 .6 S .3 ___ 2U2___ 3 * 0 ___ 3 * 7 ___ 2 * 2 ___ 3uJL „01= 61. JL»JL._3 * 2 _lC h & 6- J > 2 = 6 IL 3 .0 .03=67- 2 .9 QM-tkl- 3*0 _11 &»5L 1.0 3 . 5 ___3-2___ 3*6___ i-JL __ 3*3.__ 2*8___ 2«JL 3*2 2*9 2ml J IU . 2 .a 2 .7 2 . 9 . . i i J ___ 2 * 2 ___ 3 , 1 . 2 .8 2 ,7 , JL JL ?«S 2*6 2*5 | H i.? JL J L .5 3.1 ..3 ,3 __________ 2*5___ 2*4___2*Jft___ 2*8___ 2*5___ 1*5___ U A 2*9 2*3 1»0. „.11**7 ..la S.. JL*JL __ll£ *8 .„ JU5*CL JL*fc___ 2 * 6 ___ 2 * 5 ___ 2 * 3 ___ 1 *8 ___ 1*A____1*1____L J ____L U ____1 *6 ___ 2*JL 2 .5 __ l * 5 a i „ - 2«6„, -3*0___ 3*0___ 2*5___ 3*1___ 2*1___ 2*8___ 2*5___ 2*1___ 2*h___ 2-Jt___ 2*1___ 2*0___ 1*1___ 1*8___ 1*9___ 2*J>___ 2*8___ 3*2___ 3*2_ JiS = 6J L llh . i _U 5 ..£ __ _JL_iifiJL3JEA$OtiAjLlJLJULLU51£D- PREPARED *Y FSD2RAL RESERVE BANK 0? ST* LOUU JUHE 2 8 * 1967 ._ WHOLESALE PRICES, ALL COMMODITIES * ^ C J m & Q U K 1 2 £ O ^ U U /J ^ A r E S .O £ J ^ & llfi^ MONTH . m7r-g.9 ,/, KiL~ JEBIJLXALJaOZmL. „ m o iiE A L _JO-65. J iL -6 5 1»"^ 0 1 -6 6 flU M OU-AA fl^AA 04-66 07 -6 6 Oft-A ___l.lr 6 S _ __%«8________________________________________________________________ ... « „0Jr6.6__ 6 .0 6 *6 5 .9 0 2 -6 6 6 *8 7 .6 7 *7 10 Si. & 1 0 5 .li 9 *6 0 3 -6 6 S .k 5. A S .1 k .7 .0 OH -66 k .7 hml h *1 3 *5 *6 0 5 -6 6 k *2 %*1 3 .5 2 *9 -J L J L - . - 3 * 1 .- _2 * 5 .. 0 6 - 6 6 ... J O -6 6 . 1*1 105^6 . . 2 * 2 ___ 3 *5 ___ fr*6 < 3 .9 3 -ft *-C„ _3.2__ 2 .3 2 .7 3 .0 2 .9 2-4» 2 .1 1 .1 1 .3 A 1 .3 .7 2 .3 ?mV . 0 1 r 6 I . *—.2 # f l.... 2 , 2 ____0 2 -6 T „ 1 0 5 .5 —JL*J____1*J____1*1— ____ U r 6 6 ____ 2 . 5 1 2 -6 6 _ 2 *l It? _ 3 .5 k .2 l.k l.k 2^3 __ -A„. 1 0 A .« 3 .2 - 6 .5 - -L allS . 3 .3 - k .9 - 3 .3 - 1 .1 - 2 .5 - 3 .3 - 1 . 7 - ___ 0 1 0 6 *2 f.T l.k .6 .6 ^6 .fi .k 1 *9 1 *5 *8 .9 -9 *!? *fi__ 1*6 1 .2 a 6_ _ _m£ n6 .5 .k .6 - 1 .5 - 1 *8 - 1 .0 - 1 *8 - 2 *1 - 1 .1 - 2 .1 - 2 .k - 1 .7 - -J * 3 r _ 1 .6 1 .2 *9 -3 .3 .2 *1 -- 1 .2 *9 .5 .1 - *1 - .2 - .3 - .5 — _J*Ji~ ... _ . 0 5 - .6 7 ____ 1 *7 1 *5 .9 .3 .1 .3 -9 .1 • .A -ft- ____ O h -6 7 ____ I J L 1 .8 MOT S FA S fW LLY ADJUSTED ____ *7- . . *0__ 1*7 • 1A5.C _ 3 .k 1 0 6 .2 --*A:t. _ _ . k 1 ^ 2 - _ l^ k - _ __________ 1 0 5 -9 .6 — 10 6. ft .ft- 2 .S - * .k - 1 .7 - 3 .3 - 3 .9 - ^ 2 - n ^2- 1 .1 - l.k - _ .8 - 1 ft5 .7 k .f e - __ 6 10 5 *3 5 .9 __________ P- PRELIMINARY ____ 105« 7 .J0**iL. 8 *3 - .0 0 3 -6 7 105.1» 1 *1 1 *1 .0 ___ JU=66_ 0 9 -6 6 . JU.S2 28, 19$7 10 5 * Sc* 11 Gsnsral Plico Index * Ratio Scale (1958=100) Rotio Scalo (1958=100) * As used in Notional Income Accounts $ource*U.S. Deportment of Commerce Percentages ore anr.’-jo! rates of change between periods indicated.They are presented to oid in comparing most recent developments with past"trends", and moy not be relevant for other purposes, latest data plotted: 2nd quorter preliminary Prepored by Federal Reserve BankofSt. Louis IMPLICIT PRICE DEFLATOR FOR fcRCSS NATIONAL PRODUCT“ ________ COMPOUNDED ANNUAL RATES OF CHANGE____________ I9S8 / * 03-62 OH-62 01-63 02-63 03-63 Oli-63 01-6H 02-6H 0 1 IN IT IA L QUARTER "■QÙAR1ER 100 0H-6H 01-65 02-65 03-65 OH-65 01-66 02-66 0 3 -6 6 OH-66 01-6 7 1 06 .3 OH-6? 1 9 0 1 -6 3 1 7 1 .5 0 2 -6 3 1 5 Ì.3 106.7 1 07.0 1.1 - 0 3 -6 3 1 3 1.1 .9 •8 OH-63 1 5 1.H 1.H 1 .5 2 .3 107 .2 1 0 7 .8 108.2 0 1 -6 * 1 5 1.H 1.H 1 .5 1.9 1 .5 02-6H 1 5 1.H UH 1.H 1.6 1 .3 1.1 03-6H 1 C 1 .5 1.5 1 .6 1.8 1 .6 1 .7 2 .2 OH-6* 1 6 1 .5 1.6 1 .6 1.8 1 .7 1 .7 2 .0 1 .9 0 I-6 S 1 6 1 .6 1.6 1 .7 1.9 1 .8 1 .9 2 .1 2 .0 2 .2 02-6 5 1 7 1 .7 1.7 1 .8 1.9 1 .9 1 .9 2 .1 2 .1 2 .2 1 0 8 .5 109.1 109.6 110.2 2 .2 ' 1 10.8 0 3 -6 5 1 7 1 .7 1.7 1 .7 1.9 1 .8 1 .8 2 .0 1 .9 2 .0 1 .8 1.S CH-65 1 7 1 .7 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 1 .8 1 .8 2 .0 1 .9 2 .0 2 .1 2 .1 2 .1 2 .1 2 .1 2.H 02-6 6 1 9 1 .9 1.9 2 .0 2.1 2 .1 2 .2 2 .3 2 .3 2.H 2.H 2.H 2 .8 3 .3 3 .6 0 3 -6 6 2 0 2 .0 2 .0 2 .1 2 .2 2 .2 2 .3 2.H 2.H 2 .5 2 .5 2 .6 2 .9 3 .2 3.H 1 11.2 111.7 2 .9 112.5 113.5 3 .2 11H.H OH-66 2 1 2 .1 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 0 1 -6 7 2 1 2 .1 2 .1 2 .2 2 .3 2 .3 2.H 2 .5 2 .5 2 .6 2 .6 2 .7 2*9 3 .1 3 .1 3 .0 2 .8 2 .5 0 2 -6 7 2 1 2 .1 2.1 2 .2 2 .3 2 .3 2.H 2 .5 2 .5 2 .5 2 .6 2 .6 2 .8 3 .0 3 .0 2 .8 2 .7 2.H 1 15.3 116.C 2.H 1 1 6 . TP P - PRELIMINARY n ^ T X W S r V i- T & E K k V RFSEBVE" &ft*K OF ST. LOUI S JULY 18, 1967 K iz iz % n c r . w ; z ~ _ _ _ _ C U M iVXZtO KlXK\l KM £ $ C? ZHVìÙ* • T CRtt lf lV .___________________________________ *________________________ IM 1YIAL ÜC?¿T»_____________________ *____________________________________ 19S7-59 / • Mo . ît h 1(fl 06-66 07-66 0S~*6 09-66 10-66 11—66 12-66 01-*67 02-67 03-67 OH-67 10-65 11-65 12-65 01-66 02-66 03-v6 CH-66 11-65 H.8 103.2 12-65 2.H .0 103.2 01-66 2.6 1.8 3 .5 02-66 3*0 2 .« 3*5 3«5 03-66 2*8 2 .3 3.1 2 .9 2.3 04-66 2*9 2 .6 3 .2 3*1 2.9 3 .5 OS-66 3*2 2 .9 3 .5 3 .5 3.5 H.1 06—66 3* 1 2 .8 3 .3 3 .3 %2 3 .5 3 .5 2 .3 07-66 3*1 2 .9 3.% 3 .3 3*3 3 .5 3 .5 2 .9 3 .5 o e -6 6 2 .8 2 .6 2 .9 2 .8 2.7 2 .8 2 .6 1.9 1.7 •0 09—66 2 .6 2_.I 2 #6 _ 2 *S _ 2.3 2 .3 2.1 1.H 1.2 .0 •0 10-66 2.H 2 .2 2 .5 2 .3 2.2 2*2 1.9 1.H 1.2 •H .6 1.1 2 .3 2 .2 2 .2 2 .e 1.5 1.H .9 1.1 1.7 2.1 2f0 1.9 1.7 1*3 i’V .7 .♦ 1.1 1.1 .0 2 .2 2 .1 2.1 1.9 1 .6 1.5 1 .1 1.H 1.7* 1.9 1.7 3 .5 2.1 2 .0 1.7 1 .6 1.3 1.5 1 .8 2.0 1.9 2 .9 2 .3 1.3 1.5 1 .6 1.H 1*9 1 .1 •0 11-66 2.H 2 .2 2.% 12-66 2 .3 2.1 2 .2 01-67 2 .3 2 .2 2 .3 103.5 .. 103.8 10H.0 10H.3 10H.7 H.7 10H.9 105.2 105.2 105*2 105.3 105.5 2.3 105.5 105.8 02-67 2 .3 2 .2 2 .3 2 .2 2.1 03-67 2 .2 2 .0 2*2 2 .1 2.0 1.9 1.8 1.5 1.H 1 .1 OH-67 2 .1 1.9 1 .9 1.8 1 .8 1.6 1.H 1.3 no 1.1 1.3 1.3 1 .1 1.% .8 .0 •0 05-67 2 .0 1 .8 1 .8 1.7 1 .7 1.5 1.2 1.1 .9 1.0 1.1 1.1 1.0 1.1 .6 .0 .0 • 2 .0 1C 6.0 106*0 106.0 .0 106. CP NOT SEASONALLY ADJUSTED P - "PRELIM"! NÀRY ....... . PREPARED 8Y FEDERAL RESERVE BANK OP ST. LOUIS JUNE 2 8 t 1967 MHOLESALE PRICES - PAR» PRODUCTS#AMO PROCESSEO POODS AND FEEDS COMPOUNDED Afi’lUAL RATES OP CHANG£_ IMITI AL MÖ\TH TERMINAL MONTH JOrAS. 11-&S 12-65 M5?-n* 11*65 12-65 01-66 02-66 03-66 OH-66 05-66 06-66 07-66 08-66 09-66 10-66 .1.1-66_.l2—66_01-67 02-67 03-61 OH-67 _ ✓ 1CÖ IOft.3 fi.H 104US__ 2 1 6 - fi 21 — 19.1 22.8 01-66 02-66 03-66 107.7 IH-% 2 0 .1 109 .8 2 6 .1 • k-3- 1H.0 15.k 11-fc OH-66 10-.1 05-66 06—6 6 _ 6 .0 10«H 7.0 6.3 3.2 .6 6-7- fi-O- 5 -7 2 .3 -0 5 -6 - 6 -1 - -2 . 1 .H 0 7 -6 6 -J5*5 9 .0 0 8 -6 6 09-66 . 3 .1 5 .9 - •i.1 6 .6 5 .8 _ 8.3 6.3 5-3 2.8 2.7 1.H l.k— .7 - J ImI 1 2-66 2 .6 2 .1 01^67 2 .6 ___2.2 __ 02r.6.7^ - 9 .9 9 .1 ___ 1.0r6_6__.5*0...- J l * X ...„A1 t 66 « 1 .5 ___ 1.1__ .2 J L . 108.7 107.9 H-2 3-9 .9 - 2 .2 - fc.S 7-H 6.3 .2 2 .5 - 1 1 .7 ^ 2 7 .3 15-? 1*^9 _JVQ _ 1 0 9 .9 2UÖ 16.H 3 .1 2.2 111-3 111.5 3 . 9 - 1 2 .7 - 2 5 .5 - 1 08.8 7 .'S- 1 H .3 - 2 1 .5 — 1 7 .2 — 1 07.1 9.1 3 .1 - 1 -0 - 3 .* - 3 .3 - .7 - 2 -8 - 2.A—. 2 .1 - 1 .1 - . 5 . 2 - 9 . 0 - 1 1 .6 - 3 .1 - 3 .7 - 3 .3 - *«T~ _ 2 Ä.d=. 6 , 5 - 0 3 -6 7 0H-67 .1 - . 6—. 2 . 2 - 3 .2 - 5 .0 - 5 .J - H .9 - 0 5 -6 7 .9 .5 1 .9 - 3 .5 » 3 .5 - 3 .1 - 1 .H - H .H - k .% - 1 .5 - ...1 *3 , 1 .9 — 1 - * - .7 1 .0 - 1 0 7 .7 3 .3 ^ .6 - _ 1 *1 - J09.H 7 .H - 3f.7~ , 3 .ß - **5_2aI - H .n - 6 .9 — 1 1 .9 - 1 6 .1 - 1 1 .0 - 106-7 6 .5 - .6 - 2 .8 -1 2 .0 - 8 **- 5 .1 - 7 . 1 - 1 0 .1 - 1 2 .0 - 9 .0 - 7 . 8 - 1 0 .5 - 1 2 .1 - : 9 . 7 7 .5 - 8 * 6 -5 .9 - io y. 0 3.H 5 . 5 - 1 3 *6 - 1 05 .7 1 1 .8 - 8 .1 - 10H.6 9 . 0 - J Z s J tL J 2 .H - 1 2 .9 - 3 . 9 - 3 .S - 5 .5 - 2 .6 - 2*3 103. H 2 0 .2 1 0 5 .OP ^ ^ j9 J L J .m Q M U J L A ^ im £ £ L P- PRÉLI MINARY s. .. Jtfas 2 8 , TOTAL TASK CREDIT*All COttÆRClAL SAhKS IJ~ COHrOUSOgO AHKUAL RATES OF CB£ttSE________ 1tHfllWAJ. MONTH H i l l IC .MS OF -------------- -V---------- 11-65 12-65 01-66 0 2 -6 A 03-6 6 0*1-66 00 -6 6 Oé-66 07—66 08-66 09-66 10-66 11-66 12-66 0 1-6 7 0 2 -6 7 0 3 -6 7 OH-67 0 5 -6 7 29 1.900 12-6 5 9 .9 0 1 -6 6 11.H 12.8 0 2 -6 6 9 .7 9 .5 29H.C50 296»350 6 .3 • 0 5 -6 6 8 .7 8 .3 6 .2 6 .0 OH-66 9 .3 9 .1 7 .9 8 .7 11.H 0 5 -6 6 9 .3 9 .2 8 .3 8 .9 10.% </6t 66 9 .7 9 .7 9 .1 9 .8 11.1 1 0 .9 12.% 0 7 -6 6 10.0 1 0 .0 9 .5 10.1 11.2 11.1 1 2.0 0 8 -6 6 9 .5 9 .5 9 .0 9 .5 10.2 9 .8 10.0 8 .8 6 .2 2 .5 300,500 3 0 2 ,7 5 0 9.H 305*700 3 0 8 .5 0 0 11 .6 3 1 0 ,0 5 0 5 09*750 C 9-66 8.H 8 .2 7 .7 7 .9 8 .2 7 .6 7 .1 5.H 1 0-66 7 .1 6 .8 6 .2 6 .2 6 .2 5 .3 H .5 2 .7 .1 - 3 .2 - 5 .1 - 11-66 6 .5 6 .2 5 .5 S.H 5.H H .5 3 .7 2 .1 .2 - 2 .2 - 2 .7 - 12-66 6 .3 6 .0 5.H 5 .3 5 .2 H .5 3 .8 2.H .7 \ 2 9 7 ,8 0 0 1 .2 - .6 — .H - 3 0 8 ,H00 3 0 8 ,3 5 0 .2 - 3 0 9 ,HOO H .2 2.0 3 1 2 .5 0 0 ♦5 1 -6 T 6 .7 6 .5 6 .0 6 .0 6*0 5.H H .9 3 .8 2 .6 1 .9 2 .7 5.H é.H 1 2.7 0 2 -6 T 7 .1 6 *9 6 .5 6 .5 6 .6 6 .1 5 .7 H .9 H.O 3 .7 H .6 7 .2 9 .8 1 2 .8 12.8 0 3 -6 7 7 .6 7 .H 7 .0 7 .1 7 .2 6 .8 6 .6 5 .9 5 .3 5 .1 6 .2 8 .6 10.9 1 3 .3 1 3.6 1H.3 6 .3 6 .3 7.H 9 .7 11.8 13 .8 1H.1 1H.8 15.3 9 .6 11.3 1 2 .8 12.8 1 2 .8 1 2 .0 8 .9 9 .0 10.H 11.H 11.2 1 0 .8 9 .6 6 .9 CH-67 8 .0 7 .9 7 .6 7 .7 7 .8 7 .5 7 .3 6 .8 0 5 -6 T 8 .1 8 .0 7 .7 7 .7 7 *9 7 .6 7 .5 7 .0 6 .6 6 .6 7 .6 6 .8 6.H 6.H 7 .3 .06-6 T 7 .9 7 .8 7 .5 7 .6 7 .7 7.H 7 .3 1 / Averages of seasonally adjusted date fo r end of preceding and current moat*. • ....................................... ................................................. ........................ . 323 ,0 0 0 3 2 5 ,3 0 0 H .9 3 2 6 ,6 0 0 i i - -------i m u - I TI 1H17.......................... .............. .................. —.......... ------ ” ’ ........ -"JULY" 1 2 , 1967 ' ■ % TERMINAL IN IT IA L MONTH HONTH J L l-4 5 . 1 2 - 6 ; 0 1 -6 6 0 2 -6 6 0 3 -6 6 OH-66 0 5 -6 6 0 6 -6 6 0 7 -6 6 0 8 -6 6 0 9 -6 6 1 0 -6 6 _C.t-.6A- 3 1 9 ,2 0 0 PREPARED BY FEDERAL RESERVE BANK OF ST« LOUIS ......... .................... ■ TOTAL LOANS ALL COMMERCIAL BANKS COMPOUNDED ANNUAL RATES‘OF CHANGE 1 2 -6 5 3 1 5 ,6 5 0 3/ MILLIONS OF DOLLARS 1 1 -6 6 1 2 -6 6 0 1 -6 7 0 2 -6 7 0 3 -6 7 OH-67 0 5 -6 7 1 8 9 .8 0 0 -l-l.-H_ 1 3 .6 __ 1 5 .9 1 9 2 .1 5 0 *• J iZ d te 1 3 .7 1Ha9 1 3 .9 0 3 -6 6 1 3 .7 1H.H 13*7 OH-66 1 3 .9 1H .6 1H.1 1H .2 1 5 .0 „Q5r.66._. 1 3 .6 1H .0 1 3 .5 13.H JL3.1L 19H. 250 1 9 6 ,3 0 0 13.H * 198«600 20 0 « H50 1 1 .8 * J?A -66 3 7 -6 6 JIU .J L . 1H.8 1H .2 1H .3 J H .6 1H.H 1 5 .2 1 5 .H 1 5 .9 1 6 .2 2 0 3 .1 0 0 1 7 .1 _L8.S_ 19^9 2 0 6 .2 0 0 /* & -6 6 J&Laft . 1-H• 3 1H.1 1H.1 1H .3 1H .1 ♦H .8 1 3 .7 7 .8 0 9 -£ 6 J_2dL__ 1 2 .5 1 2 .1 1 1 .8 1 1 .6 1 0 .9 1 0 .7 8 .6 3 .H f9- 2 .8 .H 1 .8 2 0 7 ,5 0 0 2 0 7 .3 5 0 1C -66 11.H 11. H 1 0 .9 1 0 .5 1 0 .1 9 .3 Ä .8 6 .9 . .J .1 ^ 6 . lO tT 1 0 .6 1C.1 9 .7 9 .2 8 .H îtŸ 6 .1 2 .9 3 .2 9 ,7 9.2 *t? 7 .3 6t 7 5.1 2 .3 M no 2 .5 2f8 1.7 1.6 2 0 7 .6 5 0 208.200 .0 208.200 C l- 6 7 10.0 9 .8 9.3 8 .9 C.5 7 .8 7t? 6 .0 3 .8 3 .0 * .0 H.8 5 .6 1 1 .5 .1 2 -^ 7 9.9 9 .8 9.H 9 .0 8 .6 8 .0 7 .6 6.% %.6 H .l 5.1 6 .0 6 .9 10.5 9 .5 /5 - 6 7 9.H 9 .3 8.8 8 .5 8 .1 7 .H 7.0 6 .0 H.3 3 .8 H .6 5 .2 5.7 7 .7 5 .8 2 .3 210.100 211,700 212,100 OH-67 ?*? 8.2 7 .7 7t* A«* *•0 H .6 5.H 6 .0 6 .6 8 .3 7 .2 6.1 10.1 0 5 -6 7 9 .3 9.1 8 .7 8 .H 8.0 7 .5 7 .2 6 .3 5.0 H.7 5.H 6 .0 6.H 7 .8 6 .9 6 .0 7 .9 5 .7 0 6 -6 7 8 .8 8 .7 8.3 7 .9 7 .6 7 .1 6.7 5 .9 H.7 H.H 5.0 5 .H 5 .7 6 .7 5 .8 H.6 5 .7 3 .6 y 8.9 Averag t* of seasonall y adjusted data fo r ta d o f pr*$»dia>i tnd r a r e s t CSU*» Excluding lu terte& k loans* ^ ....................- - 313.£00 2 1 H ,$ 0 0 1.H 215,050 EREPAREO BY FEDERAL RESERVE BAHX 0? ST* LOUIS 'WfcY JULY " i 14 "i>x>drcniciYTi5f-6r.vfer:i2iiv_sTrta m T w r r m tfr z v tc u m .g ______________ co’^ o i j .yr-v m. o r cw^.-wg • •KW H 11*65 12*65 0 1 -6 6 0 2 -6 6 0 3 -6 6 OH-66 C S-6* 0 6 -6 6 0 7 -6 * 0 3 -6 6 0 9 -6 6 10-66 11-66 12*66 0 1 -6 7 02**67 0 3 -6 7 OH-67 OS-67 12-6$ ♦ 11.7 23H.30O 2 3 7 .0 0 0 0 1 -6 6 13.2 1H.8 .'2-66 13* 1 13 .8 12.8 >5-66 13.1 13.5 12.9 13.0 2 3 9 .HOC 2H1.8S0 2HH.550 vH-66 13.3 13*7 13.H 13.6 1H.3 .5 -6 6 13.H 1 3 .8 13.6 13.8 1H.2 1H.1 2 4 7 .2 5 0 .6 - 6 6 1H.0 1H.li 1H.3 ♦H.7 15.3 1 5 .8 1 7.5 C7-66 1H.3 1H.7 1H.6 15 .0 15 .5 1 5 .9 1 6 .9 2 5 0 .6 0 0 C8-66 13.2 13.H 13.2 1 3 .3 1 3.3 13.1 1 2 .8 . 1 0.5 2 5 3 .7 5 0 16.2 5 .1 25H.6Q0 :*-6 6 11*7 1 1 .7 11.3 11.1 10.8 10.1 9 .1 6 .5 1 .9 1 .2 - 10-66 10.8 10.7 1 0 .3 9 .9 9 .5 8 .7 7 .7 5.H 2 .0 .5 2 .2 25H.5S0 255. 00C 11-66 10*1 10.0 9 .5 9 .1 8 .7 7 .9 6 .9 H .9 2 .2 1 .3 2 .5 2 .9 J 2 -6 6 9.H %9 .2 8 .7 8 .3 7 .7 7 .0 6 .0 . H.2 1 .9 U1 1 .9 1 .8 25 5 .6 0 0 .7 25 5 .7 5 0 0 1 -6 7 9 .6 9.H 9 .0 8 .7 8 .2 7 .6 6 .8 5.H 3 .7 3.H H .6 5.H 6 .6 12.9 0 2 -6 7 9 .9 9 .7 9.H 9 .1 8 .7 8 .2 7 .5 6.H 5 .0 5 .0 6 .3 7.H 8 .9 13 .2 13.6 C3-67 9 .7 9 .6 9 .2 9 .0 8 .6 8*1 7 .6 6 .5 5«H 5.H 6 .6 7 .5 8 .6 li.H 10.7 9 .1 8 .7 6.H 6 .5 7 .7 8 .7 9 .9 1 2 .3 2 5 8.350 26 1.100 7 .8 2 6 2,750 ;H -67 10.0 9 .9 9 .6 9 .H 8 .2 7 .3 12.0 11 .3 1H.9 ¿5-67 10.1 1 0 .0 9 .7 9 .5 9 .3 8 .9 8 .5 7 .7 6 .9 7 .1 8 .2 9 .0 10.1 12.1 11.9 1 1 .3 13.1 11 .H 0 6 -6 7 9 .9 9 .8 9 .5 9 .3 9.1 8 .7 8 .3 7 .6 6 .8 7 .0 7 .9 8 .7 9 .5 11.1 10.7 10.0 1 0 .8 8 .8 1/ of * « * « » » u y M 3 U .U 4 tot» for «0« of p » = a4 ^ g «>d current -oath. 2 6 5 .8 0 0 2 6 8 ,2 0 0 6 .2 2 6 9,550 PREPARED BY FEDERAL RESERVE BANK OF ST. LOWS 3UCV ~TZ«~TTC7---------------- ------------------------------------ TOTAL INVESTMENTS ALL COMMERCIAL BANKS COMPOUNDED ANNUAL RATES CF CHANGE n MILLIONS Of DOLLARS IN IT IA L MONTH TERMINAL MONTH 1 1 -6 5 1 2 -6 5 0 1 -6 6 0 2 -6 6 C 3 -6 6 OH-66 0 5 -6 6 0 6 -6 6 0 7 -6 6 0 8 -6 6 0 9 -6 6 1 0 -6 6 1 1 -6 6 1 2 -6 6 0 1 -6 7 0 2 -6 7 0 3 -6 7 OH-67 0 5 -6 7 1 2 -6 5 7 .3 1 0 2 .1 0 0 •_ 1 -6 6 7 .3 7* 2 1 0 2 .7 0 0 __ u?r 66 2 .H .0 03—66 .0 OH-66 •9 6 .8 - 1 0 2 . IOC 2 . 3 - _ 4 »8 r * 1 0 1 .5 0 0 .6 - 3 .1 - 6 .8 - 1 .2 - 101.900 H.8 * >5-66 1.6 _t5 1 .2 - .8 H.3 *V.8 C6-66 1.9 1.0 .2 - 1.5 H.H H.2 .8 - «5 2.H .„ 1 .6 .0 3.H - .7 .2 - .9 2.5 1 .9 1 .0 .3 - .5 .3 .8 - 07-66 1.2 03-66 1.H 0 9 -6 6 1 .1 .H - 102.600 3.6 102.30C .6 1 .8 1 .2 .8 - 1 .6 - 2 .5 - 2 .0 ^ 1 .3 - 2 .2 - . 3 . 6 - . 5 .3 - 5 .9 - 1 1 -6 6 1 .3 - 2 .1 - 3 .0 - 2 .5 - 2 .0 - 2 .9 - H .2 - 5 .6 - 12-66 .3 - .9 - 1 .6 - 1 .1 - .k - 1 .0 - 1 .8 - 2 .7 - ¿1-67 .8 .3 12-67 1.9 1 .6 6 .2 - 9 .0 - 1 2 .5 - 2 .* - 3 .9 - H .6 - 2 .7 1 3 .3 .0 6 .7 1H .3 .2 .H - 1 0 0 *1 5 0 6 .9 - 1 0 1 .2 3 0 15 .2 _______ 2 .6 2 .H 2 .2 2 .0 2 .8 2 .3 3 .7 9 .8 16.1 1 7 .5 19.7 5 .5 5 .6 5 .7 5 .9 7 .1 7 .7 9.H 15.8 2 2 .3 25. H 3 0 .9 H3.1 T .0 7*? 7.H 7 .8 9 .1 9 .9 1 1 .7 17.5 23 .1 2 5 .6 2 9 .3 3H.H 2 6 .2 7 .8 8 .0 8.H 9 .7 1 0 .5 12.1 17.2 2 1 .7 2 3 .5 2 5 .7 2 7 .7 2 0 .6 1 5 .3 8 .1 8 .3 8 .7 9 .9 10.6 12.1 1 6 .S 2 0 .3 2 1 .5 2 2 .8 2 3 .6 17.7 13.6 H .1 3 .9 3 .7 5 *3 _ 5 .2 5 .0 5 .9 0 5 -6 7 5 .8 5 .7 5 .6 6 .5 6 .1 6 .0 6 .9 6 .1 1 0 0 .7 5 0 1 7 .7 - 1 .8 1H-67 0 6 -6 7 . _._3- 1 0 2 .H00 1 .8 1 0 .1 - 1.1 «1.5 5 -67 .2 . 3 - .... . » i 1 0 2 .5 5 0 3 .0 10—6 6 .H 7 .9 102.300 1 0 2 , HOC 1 0 3 .9 5 0 1 07,100 109.200 110,500 1 2 .0 111,550 • 1 / Av*r»g»* o f .e M c a s lly « d j» it« 4 to t « f o r e e l o f j>r*e«41a« end eurrenS K eetb. PREPARED SY FEDERAL RESERVE. E&fir. OF ST. LOUIS JULY T i t f?i57 o B Ratio Scale Billions of Dol l ar s 400 l ✓»ji m-tv fi ^ Z«3** ^/J * y W I tiV %« R >•»■’ j ig *;# Bi Ratio Scale Billions of Dollars All C o m m e r c i a l B a n k s Seasonally A dj ust ed 400 +;0.4% > ---V r 326.6 300 300 200 200 Data are av e r a g e s for end of current and preceding month. Percentages are annual rotes of change between periods indicated. They are presented to aid in comparing most recent developments with past "trends” , and may not be relevant for other purposes. Latest dat a plo tte d: June Prepared by Federal ReserveBank of St. Louis 16 O T Ìil* S"C0?.iYiSS~ ALL“ COXSZP.CIa V ~ £ J T ä s ~27~ CCypOU'.DPD ANNUM M T ~ S Or CKA'iSS ,____ 1 2 -6 5 0 1 -6 6 0 2 -6 6 0 3 -4 6 04—66 0 5 -6 6 CÒ-6£- C 7-6 6 CiW>6 C 7-6 6 . ÌG --!••& 1 1 -6 6 1 2 -6 6 0 1 -6 7 0 2 -6 7 0 3 -6 7 0 4 -6 7 05 -6 7 4 4 f 5Cr. .13.0 o T o* * ! 1 1 -6 5 1 2 -6 5 MILLIONS Ur DOLL¿¿5 IN IT IA L MONTH fSEMINAL hONTM 11. 4 9 .9 0 2 -6 6 1 0 .*i 9 .1 4 t:,8 S 0 4 5 t IZ v 8 .3 45» 550 0 3 -6 6 1 0 .6 9 .8 9 .7 1 1 .2 OH-66 1 0 .7 1 0 .1 1 0 .2 1 1 .1 11 .1 0 5 -6 6 1 2 .9 1 2 .9 1 3 .6 15. 4 1 7 .6 2*4.6 C 6-6 6 1 3 .8 1 3 .9 1 4 .8 16.*; 1 8 .3 2 2 .0 1 9 .5 0 7 -6 6 1 2 .2 1 2 .C 12.*» 1 3 .2 1 3 .8 1 H .7 1 0 .0 1 .3 J f-6 6 1 0 .0 9 .6 9 .6 9 .8 9 .5 9 .1 U .3 2 .5 - 6 .1 - 0 9 -6 6 9 .6 6 .2 8 .0 7 .9 7 .4 6 .7 2 .6 2 .5 - 4 .3 - .9 - 1 .7 - .6 3 .9 .5 - .9 - .9 2 .6 1 .3 4 5 ,9 5 0 46« C$0 4 7 ,5 0 0 4 7 ,ff0 4 7 *2 0 0 4 7 *2 0 0 2 .5 - 4 7 f 350 1C -66 8 .2 7 .7 7 .5 7 .4 6 .9 6 .2 2 .8 1 1 -6 6 7 .6 7 .1 6 .9 6 .7 6 .2 5 .5 2 .6 1 2 -6 6 7 .3 6 .9 6 .6 6.*» 5 .9 5 .3 2 .8 .2 .0 1 .6 3 .0 2 .6 3 .9 8 .1 * 7 .8 7 .6 7 .5 7 .2 6 .7 *».7 2 .7 3 .0 4 .9 6 .8 7 .8 1 1 .3 9 .6 9 .4 9 .3 9 .4 9 .3 9 .1 7 .5 6 .1 6 .8 9 .1 1 1 .6 1 3 .6 1 8 .0 2 5 .7 3 2 .7 8 .9 9 .9 1 2 .5 1 5 .2 1 7 .6 22. 0 2 8 .7 3 3 .8 3 5 .0 1 1 .5 1 2 .7 1 5 .3 1 8 .1 2 0 .6 2 4 .9 3 0 .8 3 4 .9 3 6 .0 1 -6 7 M -6 7 * 5 -6 7 1 1 .0 1 0 .9 1 1 .0 1 1 .2 1 1 .2 1 1 .2 1 0 .0 C 4 -6 7 12.*» 1 2 .4 1 2 .6 1 2 .9 1 3 .0 1 3 .2 1 2 .2 4 7 ,4 ^ 0 4 7 .5 r .r 1 9 .2 4 8 ,2 5 0 49*'400 5 0 *6 5 0 3 7 .1 5 2 *0 0 0 : 5 -6 7 1 3 .7 1 3 .7 1 4 .0 1 4 .4 1 4 .6 1 4 .9 14.1 1 3 .6 1 4 .9 1 7 .6 2 0 .3 2 2 .9 2 6 .9 3 2 .1 3 5 .6 3 6 *5 3 7 .3 3 7 .6 0 6 -6 7 I«». 4 1 4 .5 1 4 .8 1 5 .2 1 5 .4 1 5 .8 1 5 .1 1 4 .7 1 6 .1 ID .5 2 1 .1 2 3 .5 2 7 .0 3 1 .4 3 4 .0 3 4 .3 3 4 .1 3 2 .6 1 / Averages o f eeaconaULy ad^j^ted data fo r ead o f preceding end current month. M U LIO f.S OF DOLLARS 1 0 -66 3 .2 . U .3 5 .3 .2 -6 6 3 .4 - 6 .6 - 1 7 *2 -_ 03T6 6 ...... 7 . 6 - 11 * 0 - 1 8 .2 - 1 9 .1 - | g . g. 1 0 .1 - . --jtiL . 5 6 ,9 5 0 6 .7 - 8 .5 - 1U7- 8 .5 - 1U O 9 .4 - VO. 9 .0 - ,7 - 6 6 7 .0 - 8 .3 - J 3 -6 6 5f 1- 6_»_1- >9-66 7 .4 - 55,9:>0 4 . 7- v .a - 5 ,9 - 8 .8 - 5 5 ,5 0 0 8 .3 - 5 5 , ICC -JUÖ Z- 7 . 4 - 5 . 9 - . -1* < K 3 * 7 - _ 1 *8 - 1 .6 5 4 , »50 1 1 .5 5 5 ,2 5 0 3 .2 - 1 *6 - .7 9*1? „ U ? - . 8 .9 - 8 .8 - 9 ,0 - 9 .5 - 1 8 .5 - 3 2 . 8 - 9 .7 - 9 ,6 - 9 .7 - 9 .9 - 1 0 .6 - 1 6 .9 - 2 3 . 8 - 5 *6 3 .6 - 4 .7 - 5 .5 - 1 0 -6 6 7 ,7 “ 8 .7 - 1 1 -6 6 _ 8 ._ ^ 9 . 1- 1 0 *5 - .1 2 -6 6 6 .1 - 7 .9 - 6 .9 — 5 ,4 - 6 .1 - 0 1 -6 7 4 .9 - 6 .4 - 5 *3 - i,e - 4 .3 - 2 -6 7 4 .1 - 4 .6 - 5 .3 - 4 .3 - 217- 3 .0 - 2 .3 - 1 .5 - 2 .5 - 2 .3 - 1 .3 - 1 .6 - 2 .!- .8 - 1 .0 2 .1 3 .3 4 .7 3 .8 4*6 li *6 6 .0 5 .3 6 .3 1 4 .7 5 *2 4 .5 5 .2 If,,.-* 3 .9 4 .5 6 *9 - 0 4 -6 7 .4 .4 - .6 - ... •£ :. 6 . 8** 55* 95C * , 6 - 6 6 ___ „ 6 * 9 - 0 6 -6 7 1 2 -6 6 0 1 -6 7 0 2 -6 7 0 3 -6 7 0 4 -6 7 05- C7 5 7 ,8 5 0 9 .8 - 0 5 -6 7 1 1 -6 6 5 7 ,6 0 0 1 2 -6 5 0 1 -6 6 0 3 -6 7 y IN IT IA L MONTH .11-65 1 2 -6 5 01—66 0 2 -6 6 0 3 -6 6 0 4 -6 6 0 5 -6 6 0 6 -6 6 0 7 -6 6 OB-66 0 9 -6 6 ,5 - 6 6 54% *>00 PREPARED BY FEOERAL RESERVF BANK OF S T. LOUIS JULY 12r. .,1967 U. S . GOVERNMENT SECURITIES ALL COMMERCIAL BANKS COKPOUNOcO ANNUAL RATES OF CHANGE TERMINAL MONT H 5 3 *4 0 0 27,.7 ia .j- 5 .2 - 2 .7 - £ .5 -, .9 - t* r 2 * 1 ,, 1 .0 - •? 1 .8 ft« -, f! It* . 1 .1 - 1 3 .7 - 5 2 f 750 5 .2 - 8 .4 - 1 0 .8 - 2 .8 2 2 .5 2 .9 - 2 .2 -4 .7 - 5 .6 - 5 .7 1 7 .0 6 .6 .115.4 1 0 .S 1 4 .3 2 2 *6 2 2 .6 2 8 .3 50.8* 2 1 .5 2 1 .2 2 4 .5 3 2 .9 1 7 .2 1 2 .2 1 7 .2 U .1 1 7 .3 2 0 .1 7 .1 2 .1 - lö .H Vuh 1 3 .1 1 3 .3 1 4 .4 4 .3 1 .6 - 3 .S .6 - 1 / Averages o f »eascaally &dju§t»d a * t * fo r «ad o f *r*e-:»lL^ rad cttrroat ro atk. 5 5 , 2CC 5 3 ,4 0 0 *» .8 - M u r 5 .0 5 3 *6 5 0 1 1 .8 5 4 ,1 5 0 9 .2 ^ 5 4 , 550 5 6 ,4 5 0 5 7 f 200' 5 7 ,1 0 0 1. C- 5 7 , C5C fg n *Ä 4L RESESV? 8ANK Or ST. LOiii:>
@FedFRASER