Full text of National Economic Trends : October 1968
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nnnonRL Economic m enis PREPARED BY FEDERAL MONTH ENDING: September 30, 1968 RESERVE BANK OF ST. LOUIS RELEASED: October 23, 1968 Total spending continued to grow rapidly during the third quarter of this year, increasing at about a 9 per cent annual rate. During the first two quarters of 1968, growth was at about an 11 per cent rate, compared with the 6 per cent rate of increase from 1957 to 1967. Cutbacks in steel inventories, following avoidance of a major strike in the steel industry, accounted for much of the moderate slowdown in total spending. The third quarter increase reflects a 5 per cent rate of gain in real product and a 4 per cent rate of increase in prices. Final sales, that is total spending other than changes in inventories, grew at a 10 per cent annual rate in the third quarter, about the same as in the two preceding quarters. Disposable personal income grew at a 4 per cent annual rate in the third quarter after increasing at a 10 per cent rate in the first half. Consumer demand showed no immediate effect from the increase in Federal income taxes and reduced rate of growth of disposable income; consumer spending rose at a 10. 6 per cent annual rate from the second to the third quarter, little changed from the rapid rate of the first half of the year. The recent increase in consumer demand was accompanied by a decline in the savings rate of individuals. Payroll employment has increased at about a 3 per cent annual rate since the beginning of this year. Total civilian employment has shown little net change in recent months. Industrial production declined in August and September due to slowdowns in production of iron, steel, and various other industrial m aterials. During the preceding year industrial production had increased about 5 per cent. The general price level increased at a 3 .7 per cent annual rate in the third quarter, slightly below the first half rate, but more than twice the 1.5 per cent rate of 1959-1965. Consumer prices have risen at about a 5 per cent annual rate since early this year, compared with a 4 per cent rate from May, 1967 to February, 1968, a 3 per cent rate from 1965 to 1967, and a 1 .3 per cent rate from 1961 to 1965. 2 TOTAL C IV IL IA N EMPLOYMENT ÇPWPOÜNQEP ANNUAL .«U T ES I g ? ? 1NAL___________________________________________________________ ____ MONTH 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 Of- CHANGE THOUSANDS IN IT IA L MONTH____________________________________________________________________OF PERSONS 1 0 -6 7 1 1 -6 7 1 2 -6 7 0 1 - 6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8 0 8 - 6 8 0 3 -6 7 3 .8 - 0*1—6 7 1 .0 - • 1 .9 0 5 -6 7 2 .7 -- 2 .2 - 6 .1 - 0 6 -6 7 .4 1 .9 1 .9 1 0 .6 0 7 -6 7 !.*» 2 .7 3 .0 7 .8 0 8 -6 7 1 .6 2 .8 3 .0 6 .2 4 .1 3 .0 0 9 -6 7 1 .3 2 .2 2 .3 4 .5 2 .6 1 .3 1 0 -6 7 1.*» 2 .1 2 .2 3 .9 2 .3 1 .4 .6 1 .6 1 1 -6 7 1 .7 2 .4 2 .5 4 .0 2 .7 2 .1 1 .8 3 .0 4 .4 1 2 -6 7 2 .5 3 .2 3 .3 4 .8 3 .8 3 .6 3 .7 5 .1 7 .0 9 .6 0 1 -6 8 1 .6 2 .2 2 .2 3 .3 2 .3 1 .9 1 .6 2 .1 2 .3 1 .3 6 .3 - 0 2 -6 8 2 .3 2 .8 2 .9 4 .0 3 .2 2 .9 2 .9 3 .6 4 .1 3 .9 1 .2 9 .4 0 3 -6 8 2 .2 2 .7 2 .8 3 .7 3 .0 2 .7 2 .6 3 .1 3 .5 3 .2 1 .2 5 .2 0*»—6 8 1 .8 2 .3 2 .3 3 .1 2 .4 2 .1 2 .0 2 .3 2 .4 2 .0 .2 2 .5 0 5 -6 8 1 .9 2 .3 2.*» 3 .1 2 .5 2 .2 2 .1 2 .4 2 .5 2 .2 .8 2 .7 .5 .2 3 .1 0 6 -6 8 2 .0 2 .U 2 .U 3 .1 2 .5 2 .3 2 .2 2 .5 2 .7 2 .4 1 .3 2 .8 1 .3 1 .3 3 .3 3 .5 0 7 -6 8 1 .9 2 .2 2 .3 2 .9 2 .3 2 .1 2 .0 2 .3 2 .3 2 .1 1 .1 2 .3 1 .0 .9 2 .1 1 .7 .2 - 0 8 -6 8 1 .7 2 .0 2 .0 2 .6 2 .0 1 .8 1 .7 1 .9 1 .9 1 .7 .7 1 .7 .5 .4 1 .2 .5 .9 - 0 9 -6 8 1 .6 1 .9 1 .9 2 .5 1 .9 1 .7 1 .6 1 .8 1 .8 1 .5 .7 1 .6 .5 .4 1 .0 .5 .5 — C 2-6 7 C 3 -6 7 C*?-67 C5—67 C 6 -6 7 0 7 - 6 7 0 8 -6 7 0 9 -6 7 1 0 -6 7 1 1 -6 7 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 7 3 .8 2 2 7 3 ,9 3 9 7 3 .5 5 0 7 4 .1 6 9 5 .1 7 4 .Ü 7 8 7 4 .6 6 4 .4 - 7 U ,6 3 8 7 4 ,7 3 5 7 5 ,0 0 5 7 5 ,5 7 7 7 5 ,1 6 7 7 5 .7 3 1 1 .1 7 5 .8 0 2 .7 -- 2 .6 - 7 5 .6 3 6 7 5 , 8?9 7 6,0*4 8 7 6 ,0 3 8 1 .7 .6 — 7 5 ,9 2 9 .4 C 4 -6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8 0 8 - 6 8 IN IT IA L MONTH ............................ PREPARED BY FEDERAL RESFRVE BANK OF S T . LOUIS OCTOBER 10« 1968 PAYROLL EMPLOYMENT COMPOUNDED ANNUAL RATES CF CHANGE .. C 2 -6 7 0 3 -6 7 0 3 -6 7 THOUSANDS OF PERSCNS IN IT IA L MONTH TERMINAL *C K T H ' C*t—67 C 5 -6 7 C6—67 C 7 -6 7 0 8 -6 7 0 9 -6 7 1 0 -6 7 1 1 -6 7 7 5 .9 5 7 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8 0 8 - 6 8 6 5 .6 7 2 .5 6 5 ,6 1 9 0 4 -6 7 .2 - 0 5 -6 7 .2 .0 1 .1 0 6 - 6 7 ___ .8 .9 1 .9 2 .7 0 7 -6 7 1 .0 1 .1 1 .9 2 .3 1 .8 0 8 -6 7 1 .7 1 .9 2 .6 3 .1 3 .4 C 9-6 7 1 .3 1.*» 1 .9 2 .1 1 .9 1 .9 1 .2 - 1 0 -6 7 1 .5 1 .6 2 .0 2 .2 2 .1 2 .2 .9 3 .0 1 1 -6 7 2 .3 2 .5 3 .1 3 .4 3 .5 4 .0 3 .6 6 .1 9 .3 1 2 -6 7 2 .6 2 .8 3 .3 3 .6 3 .8 4 .2 4 .0 5 .8 7 .2 1 .0 - 6 5 .6 7 7 6 5 ,8 2 1 6 5 ,9 2 0 6 6 .1 8 6 5 .C 6 6 , 123 6 6 ,2 *6 6 6 .7 7 8 5 .2 6 7*0 6 0 0 1 -6 8 2 . *1 2 .5 2 .9 3 .2 3 .3 3 .5 3 .2 4 .3 4 .7 2 .6 .0 0 2 -6 8 3 .C 3 .2 3 .6 3 .9 4 .1 4 .4 4 .3 5 .5 6 .1 5 .0 4 .9 1 0 .2 0 3 -6 8 2 .8 2 .C 3 .*i 3 .6 3 .7 4 .0 3 .8 4 .7 5 .0 4 .0 3 .6 5 .5 1 .0 0*1-68 2 .8 2 .9 3 .3 3 .5 3 .5 3 .7 3 .6 4 .3 4 .5 3 .6 3 .1 4 .2 1 .4 0 5 -6 8 2 .6 2 .8 3 .1 3 .2 3 .3 3 .4 3 .3 3 .8 3 .9 3 .1 2 .6 3 .3 1 .1 1 .2 .7 0 6 -6 8 2 .7 2 .9 3 .2 3 .3 3 .4 3 .5 3 .4 3 .9 4 .0 3 .3 2 .9 3 .6 2 .0 2 .3 2 .6 4 .5 0 7 -6 8 2 .7 2 .8 3 .1 3 .3 3 .3 3 .4 3 .3 3 .7 3 .8 3 .1 2 .9 3 .3 2 .0 2 .3 2 .5 3 .4 2 .3 0 8 -6 8 2 .7 2 .8 3 .1 3 .2 3 .3 3 .4 3 .3 3 .7 3 .7 3 .1 2 .9 3 .3 2 .2 2 .4 2 .6 3 .2 2 .6 2 .9 0 9 -6 8 2 .7 2 .8 3 .C 3 .2 3 .3 2 .8 3 .2 2 .2 2 .4 2 .5 3 .0 2 .5 2 .6 C 2-6 7 0 3 - 6 7 C ii-6 7 1 2 -6 7 0 1 - 6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 3 .2 C 5 -6 7 0 6 - 6 7 3 .2 3 .5 3 .6 3 .0 6 7 -6 7 0 8 - 6 7 0 9 -6 7 1 0 -6 7 1 1 -6 7 6 7 . 058 6 7 .6 0 0 6 7 .6 5 6 1 .8 6 7 ,7 5 5 6 7 ,7 9 2 6 8 .0 3 9 6 8 .1 7 0 6 8 .3 J 5 P 2 .2 6 8 . *i58P C 5 -6 8 0 6 - 6 8 0 7 - 6 8 0 8 - 6 8 IN I T I A L MONTH P - PRELIMINARY PREPAREO BY FEDERAL RESERVE BANK OF S T . LOUIS OCTOBER 10« 1968 3 Em ploym ent Ratio S ca le Ratio S c a le Source: U.S. D e p a rtm e n t o f L a b o r Percentages are a n n u a l rates o f change between periods indicated.They are presented to a id in com paring m ostrecen tde velo pm e nts w ith p a s t"tre n d s .” Latest d a ta p lo tte d : Septem ber p re lim in a ry Prepared by Federal Reserve Bank of St. Louis 8 9 6t *11 V380X00 Sin01 »iS 40 »WS 3AM51F"l¥¥3a3J ÄBHIWJSW AVVNIw n3bd - d HiNOM TV 11IN I 89—80 89—10 8 9 -9 0 8 9 -5 0 89-H0 8 9 -£ 0 8 9 -2 0 89-TO ¿ 9 -2 1 19 -11 19-01 19-60 1 9 -8 0 1 9 -1 0 1 9 -9 0 1 9 -5 0 19-*|0 1 9 -£ 0 1 9 -3 0 e<PC9T -1 *2 -* *tt 9 *5 9 1 « "•t VS91 Ç9J—..T * . ' -5 T -1 * ”7 ^ 5 TM _ 2 *6 ’ * * r ■ n -S 2 *tl 0 *9 H*9 6 *t - 9 *£ S *2 *t 5 *5 T T T ” 5 * t| 2 * t|9 Í “ T T -z *t 6 *7 "'" T H " 5^5 H *9 1 *5 8 *£ 2 ** £ *£ 1 *9 0 *2 W 5 *2 6 *9 i Ö *£ 9 I 6* £ *£ 6»7— l* t 8 *5 H *9 0 *9 9 ** H *5 5 *1 2 *8 t *8 r* r 5 *0 2 0 *2 9 1 f t t 9 *9 2*1 91 1 *0 1 *** ^•6 ¿ *9 Ô* -8 -5 T *% - t^ iS>T 0 *5 8 *9 2 *5 H *1 9 *5 2 *5 2 *1 ' £ *9 2*1| ■ it »5 0 *S 2 *8 .. 8 ** i ¿ *8 2H2 9 *1 6 *£ t i * t i **í i* ö t 8* 6 *9 5 t -« *¥ 85 T 9* - ff » * £*«i 8 *S 2 *9 6 *5 t *5 ¿ *9 Ó ** r " 9*1» 6 *5 " £ •9 0 *9 £ *£ “ n -9 £ *n 5 *5 8 *5 5 *5 6**1 1 *5 ¿T Ç - 5 *5 *r*8 1 *9 S T * T * £ 1*21 t 2 *9 0 *9 5 *8 ... r *• 8 8*951 t* 9 o * o t 2 *1 I’T 0 *2 £•2 9 k9 0*8 **5 t - T .g 5 *£ 9»<i " I *£ n *£ l mZ “ ö *r" v * 9*<» 6 **t 5*«» £ •* 9’ t Ö *t s *n 2 "*! T* n " 6 *£ _ ¿. r 0 *n - £ "5 T * I" 5 0-11 2**1 6 *£ 2 ** 8 *£ g • * * T " — i m ----- - L » y --- _n m~w -- -------------------- B9^61T 8 9 -8 0 8 9 -1 0 8 9 -9 0 8 9 -5 0 89-«lO 8 9 —£0 8 9 -1 0 2 *£ 8 9 -2 0 <"*£ 1 9 -2 t B -ü Ö fcf ■ ^ Q V T r ' ' 9 T ' T " 1 9 —I I 1 9 -0 1 2 * 6*1 o - £• -1 *« T 5§ T T • -Ö * £ t ------ -5 -2 1 9 -6 0 1 9 -8 0 1 9 -1 0 18 -A A 19—SO 19—£0 <1*951 19-H 0 S *95t “ ff* "= ¥ *" 8 9 -8 0 8 9 -1 0 8 9 -9 0 8 9 -5 0 89-«t0 8 9 -£ 0 8 9 -2 0 8 9 -1 0 1 9 -2 t 19-11 19 -O t 1 9 -6 0 1 9 -8 0 1 9 -1 0 1 9 -9 0 1 9 -5 0 19-*»0 1 9 -£ 0 1 9 -2 0 H1N0W 1VN1M»31 HltoW ItlltÑ I COI / 65 -1 5 6 1 39NVH3 ûü S3 IV * 1V0NNV Q3CNnOdHOO N o u onaob d i v m s n o N i 5 Industrial Production Ratio S c a le Ratio Sca le Percentages are annual rates o f change between periods indicated.They are presented to a id in com paring most recentdevelopm ents w ith pa st "tre n d s .” Latest d a ta p lo tte d : September prelim inary Prepared by Federal Reserve Bank of St. Louis 6 PERSONAL INCOME COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL rtÖNfH IN IT IA L ... 0 2 -6 7 0 3 -6 7 0*1-67 0 5 - 6 7 0 6 -6 7 0 7 - 6 7 0 8 -6 7 0 9 -6 7 1 0 -6 7 MONTH 1 1 -6 7 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 0 5 - 6 8 0 6 - 6 8 B IL L IO N S OF DOLLARS ANNUAL RATES 3 7 -6 8 0 8 -6 8 6 1 7 .5 0 3 -6 7 6 .0 0 4 -6 7 »».0 2 .0 0 5 -6 7 4.0 2 .9 3 .9 0 6 -6 7 5 .6 5.*» 7 .2 6 1 8 .6 62 0 .6 6 2 5 .8 1 0 .6 i 7 .9 0 7 -6 7 6 .0 6 .0 7 .4 9 .2 0 8 -6 7 6 .5 6 .6 7 .8 9 .1 8 .3 8 .7 0 9 -6 7 6 .3 6.1* 7 .3 8 .1 7 .4 7 .1 1 0 -6 7 5 .8 5 .7 6 .4 6 .9 6 .0 5 .3 3 .6 1 .9 1 1 -6 7 6 .6 6 .7 7.*» 8 .0 7 .5 7 .4 6 .9 7 .7 6 2 9 .8 6 3 4 .2 6 3 7 .0 5 .4 6 3 8 .0 6 4 4 .9 1 3 .8 7 .5 7 .6 8 .4 9 .0 8 .8 8 .9 9 .0 1 0 .2 1 4 .6 1 5 .3 7 .2 7 .3 7 .9 8 .4 8 .1 8 .1 8 .0 8 .7 1 1 .0 9 .7 0 2 -6 8 7 .9 8 .0 8 .7 9 .2 9 .1 9 .2 9 .3 1 0 .1 1 2 .2 1 1 .7 9 .9 1 5 .9 0 3 -6 8 8 .3 8 .5 9 .1 9 .6 9 .5 9 .7 9 .9 1 0 .6 1 2 .5 1 2 .1 1 1 .1 11».7 1 3 .4 1 1 .1 1 0 .6 9 .5 1 1 .3 9 .0 6 5 2 .6 4 .3 6 5 4 .9 6 6 3 .3 6 7 0 .0 1 ! t 1 ° 1 2 -6 7 0 1 -6 8 8 .2 8 .7 0 5 -6 8 8 .2 8 .4 0 6 -6 8 8 .3 8 .5 0 7 -6 8 8 .4 0 8 -6 8 8 .5 0 9 -6 8 8 .4 8 .6 00 8 .0 4 .8 6 7 2 .6 9 .2 9 .0 9 .2 9 .2 9 .3 8 .9 9 .3 9 .2 9 .3 9 .4 9 .9 1 1 .1 1 0 .6 9 .7 1 1 .1 9 .5 7 .6 1 0 .5 9 .0 9 .4 9 .3 9 .4 9 .4 9 .9 1 0 .9 1 0 .5 9 .8 ID .9 9 .7 8 .4 1 0 .3 1 0 .2 8 .6 9 .0 9 .4 9 .3 9 .4 9 .5 9 .9 1 0 .8 1 0 .5 9 .8 1 0 .8 9 .8 8 .9 1 0 .3 10. t 1 0 .1 8 .6 9 .0 9 .4 9 .3 9 .4 9 .4 9 .9 1 0 .6 1 0 .3 9 .7 ID .5 9 .6 8 .9 9 .9 9 .7 9 .5 8 .9 9 .0 9 .3 9 .2 9 .3 9 .3 9 .7 1 0 .4 1 0 .1 9 .5 1 0 .2 9 .4 8 .7 9 .5 9 .3 9 .0 8 .5 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 1 0 -6 7 1 1 -6 7 1 2 -6 7 0 1 -6 8 6 7 8 .2 68 3 .7 0 2 -6 8 0 3 - 6 8 0 4 -6 8 0 5 - 6 8 0 6 - 6 8 6 8 9 .2 6 9 4 .1 8 .1 6 9 8 .6 ? 0 7 -6 8 0 8 -6 8 P - P ftE Llrfl'N A'ftV PREPARED BY FEDERAL RESERVE BAM< OF S T . LOUIS OCTOBER 18, 1968-------------------------------- 7 Personal Income Ratio S c a le Ratio Sca le Source: U.S. D e p a rtm e n t o f Com m erce Percentages are annual rates o f change betw eenperiods indicated.They a re presented to a id in com paring m ostrecentdevelopm entsw ith p a s ftre n d s .” Latest d a ta p lo tte d : September prelim inary Prepared by Federal Reserve Bank of St. Louis GROSS NATIONAL PROOUCT IN CURRENT DOLLARS IN IT IA L QUARTFR TERM INAL QUARTER 0 4 -6 3 0 1 -6 4 C ✓—6 U 0 3 -6 4 CM—6 4 0 1 -6 5 CP-6 5 0 3 -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 C 2 -6 7 0 3 - 6 7 B IL L IO N S OF DOLLARS ANNUAL RATES 0 4 - 6 7 01 —68 0 2 —68 6 1 7 .7 0 1 -6 4 8. 1 0 2 -6 4 7 .5 6 .8 0 3 -6 4 7 .4 7 .G 0 4 -6 4 6 .5 6 .0 5 .5 3 .9 0 1 -6 5 7 .5 7 .3 7 .5 7 .6 6 2 8 .0 6 3 8 .9 7 .1 6 4 5 .1 1 1 . »4 6 6 2 .8 6 7 5 .7 0 2 -6 5 7 .6 7 .4 7 .6 7 .8 9 .7 8 .C 0 3 -6 5 7 .8 7 .8 e .c 8 .2 9 .6 8 .7 9 .4 0 4 -6 5 8 .3 8 .3 6 .5 8 .8 1C .1 9 .6 1 0 .4 1 1 .4 0 1 -6 6 8 .5 8 .6 6 .9 9 .1 1C .2 9 .9 1 0 .5 1 1 .1 1 0 .8 0 2 -6 6 8 .4 9 .6 9 .6 8 .8 6 .8 0 3 -6 6 8 .3 0 4 -6 6 8 .2 0 1 -6 7 7 .8 0 2 -6 7 7 .5 0 3 -6 7 7 .5 0 4 -6 7 7 .6 8 .4 e .6 8 .8 8 .3 e.M 8 .3 8 .4 7 .7 7 .5 6 9 1 .1 7 1 0 .0 7 2 8 .4 7 4 0 .4 9 .6 9 .3 8 .6 9 .3 8 .9 9 .1 9 .0 8 .2 7 .0 7 .2 8 .5 9. 1 8 .8 8 .9 8 .8 8 .2 7 .4 7 .7 8 .1 7 .8 7 .9 8 .3 7 .9 7 .9 7 .7 7 .0 6 .0 5 .8 5 .1 2 .1 7 .5 7 .5 7 .9 7 .5 7 .5 7 .2 6 .5 5 .7 5 .4 4 .8 3 .2 4 .2 7 .5 7 .5 7 .6 7 .9 7 .6 7 .5 7 .3 6 .7 6 .0 5 .9 5 .6 4 .7 6 .1 8 .0 7 .5 7 .6 7 .6 7 .9 7 .6 7 .6 7 .4 6 .9 6 .3 6 .3 6 .1 5 .6 6 .8 8 .1 7 5 3 .3 7 6 8 .2 7 7 2 .2 7 8 0 .2 7 9 5 .3 8 1 1 .0 8 .1 0 1 -6 8 7 .7 7 .7 7 .8 7 .8 8. 1 7 .8 7 .8 7 .7 7 .3 6 .8 6 .8 6 .8 6 .5 7 .6 8 .8 9 .2 1 0 .4 0 2 -6 8 7 .9 7 .9 6 .C 8 .0 8 .3 8 .1 8 .1 8 .0 7 .6 7 .3 7 .3 7 .4 7 .2 8 .3 9 .3 9 .8 1 C .6 1 0 .9 0 3 -6 8 7 .9 7 .9 8 .C 8 .1 8 .3 8 .1 8 .1 8 .0 7 .7 7 .4 7 .5 7 .5 7 .4 8 .3 9 .2 9 .5 1 0 .0 9 .8 0 4 -6 5 0 1 - 6 6 0 2 -6 6 0 4 -6 3 01-6M C 2 -6 4 C 3 -6 4 0*4-6*4 0 1 -6 5 C 2 -6 5 0 3 -6 5 IN IT IA L 03—66 0 4 -6 6 0 1 -6 7 0 2 -6 7 8 3 1 .2 8 5 2 .9 8 .7 8 7 0 . 8P 0 3 -6 7 0 4 - 6 7 0 1 - 6 8 0 2 - 6 8 QUARTER P - PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. LO LIS OCTOBER 1 6 , 1968 GRCSS NATIONAL PRODUCT IN CONSTANT 1958 COLLARS COMPOUNDED ANNUAL RATES OF CHANGE TERM INAL QUARTER IN IT IA L QUARTER 0 4 -6 3 01—6*4 C 2 -6 4 0 3 -6 4 OM—64 0 1 -6 5 C 2 -6 5 0 3 -6 5 0 1 -6 M 6 .6 0 2 —6*4 6 .0 5 . »4 0 3 -6 4 5 .7 5 .2 5 .1 0*4-64 4 .7 4 .1 3 .5 1 .9 5 .3 5 .3 5 .5 9 .2 0 1 -6 5 .. 5 . 6 . 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 B IL L IO N S OF DOLLARS ANNUAL RATES 0 4 - 6 7 01 - 6 8 0 2 - 6 8 5 7 1 .1 5 7 8 .6 5 8 5 .8 5 8 8 .5 6 0 1 .6 0 2 -6 5 5 .7 5 .5 5 .5 5 .6 7 .6 6 .0 0 3 -6 5 6 .C 5 .9 6 .C 6 .3 7 .8 7._L_ 8 .2 0 4 -6 5 6 .4 6 .4 6 .6 6 .9 8 .2 7 .8 8 .8 9 .4 0 1 -6 6 6 .6 6 .6 6 .7 7 .0 8 .1 7 .8 8 .4 8 .6 0 2 -6 6 6 .2 6 .2 6 .3 6 .4 7 .2 6 .8 7 .0 6 .7 5 .3 2 .9 0 3 -6 6 6. C 5 .9 6 .C 6 .1 6 .7 6 .3 6 .4 5 .9 4 .8 3 .4 3 .9 OU—66 5 .9 5 .8 5 .9 6 .0 6 .5 6 .1 6 .1 5 .7 4 .8 3 .8 4 .3 4 .7 ___ 01 - 6 7 5 .3 5 .2 5 .2 5 .3 5 .6 5 .2 5 .1 4 .6 3 .6 2 .6 2 .5 1 .9 0 2 -6 7 5 .1 5 .0 5.C 5 .C 5 .3 4 .9 4 .7 4 .2 3 .4 2 .5 2 .4 2 .0 .6 2 .1 0 3 -6 7 5 .0 4 .9 * 4 .9 4 .9 5 .2 4 .8 4 .6 4 .2 3 .5 2 .8 2 .7 2 .4 1 .7 3 .0 3 .9 0*1-67 5 .0 4 .8 *1.8 4 .8 5 .0 4 .7 4 .5 3 .5 .... 2 .9 2 .9 2 .7 2 .2 3 .2 3 .8 3 .7 0 1 -6 8 5 .0 5 .0 *4 .9 4 .9 5 .1 4 .8 4 .7 4 .4 3 .8 3 .4 3 .4 3 .3 3 .1 4 .1 4 .7 5 .1 0 2 -6 8 5 .1 5 .0 5 .C 5 .0 5 .2 4 .9 4 .8 4 .5 4 .1 3 .7 3 .8 3 .8 3 .6 4 .5 5 .1 5 .5 6 .4 6 .3 0 3 -6 8 5. 1 5 .0 5 .C 5 .0 5 .2 4 .9 4 .9 4 .6 4 .2 3 .8 3 .9 3 .9 3 .8 4 .6 5 .1 5 .4 6 .0 5 .7 0 4 -6 3 0 1 - 6 4 C2—6*4 C 3 -6 4 C 4 -6 4 6 1 0 .4 6 2 2 .5 . 0 1 -6 5 C 2 -6 5 0 3 -6 5 6 3 6 .6 7 .8 64 8 .6 0 4 -6 5 0 1 -6 6 6 5 3 .3 6 5 9 .5 0 2 -6 6 0 3 -6 6 6 6 7 .1 .8 - 6 6 5 .7 0 4 -6 6 0 1 -6 7 6 6 9 .2 6 7 5 .6 C 2 -6 7 0 3 -6 7 6 8 1 .8 6 .6 6 9 2 .7 7 0 3 .4 5 .0 7 1 2 . OP 0 4 - 6 7 01 - 6 8 0 2 - 6 8 IN IT IA L QUARTER P - PRELIMINARY PM PAREO BY FEDERAL RESERVE BANK OF ST. LOUIS OCTOBER 16, 1968 9 D em and and Production R a t io S c a l e B illio n s of D o lla r s Q u a rte rlyTotals a t A n n u a l Rates S e aso n a lly A d ju s te d R a t io S c a l e B illio n s of D o lla r s 850 800 750 700 650 600 550 500 450 Source: U.S. D e partm ent o f Com m erce LL GNP in cu rre n t d o lla rs . [2 GNP in 1958 d o lla rs . Percentages are a n n u a l rates o f change between periods indicated.They are presented to aid in com paring most recentdeve lopm en ts with past "trends." Latest d a ta p lo tte d : 3rd quarter prelim inary Prepared by Federal Reserve Bank of St. Louis CONSUME*. T K t t e INDEX TERM IN AL MCNTh IN IT IA L 0 1 -6 7 0 2 - 6 7 C 3-6 7 0 4 -6 7 C5 -6 7 C 6-6 7 C7—67 0 8 -6 7 _ Q 2 -6 7 1 .1 ....0.3-67 1 .6 2 .1 0 4 -6 7 2. 1 2 .7 3 .2 C 5 -6 7 2 .4 2 .8 3 .2 0 6 -6 7 2 .6 3 .2 3 .5 3 .7 4 .2 0 7 -6 7 3 .2 3 .6 4 -0 4 .2 4 .8 5 .3 ti.C 4 .2 4 .6 4 .7 4 .2 3 .7 3 .8 3 .9 3 .9 3. 1 2 .1 0 9 —67 * R A TES OF CHANGE COMPOUNDED ANNUAL 1957-*59 / MONTH 1 0 -6 7 1 1 -6 7 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 M i>„ 0 4 -6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8 ____ 1 1 4 .9 „ _ j.r 5 .o _ 1 1 5 .3 1 1 3 .6 _ 3 .2 ____ 1 1 6 .0 _ 1 1 6 .5 0 8 -6 7 3 .3 3 .7 0 9 -6 7 3 .2 3 .5 1 0 -6 7 3 .3 3 .6 3 .8 3 .9 4 .C 3 .9 3 .5 3 ,1 4 .2 1 1 -6 7 3 .3 3 .5 3 .7 3 .8 3 .8 3 .8 3 .4 3 .1 3 .6 3 .1 1 2 -6 7 3 .3 3 .6 3 .7 3 .8 3 .9 3 .8 3 .5 3 .4 3 .8 3 .6 4 .2 1 1 6 .9 11 7 . 1 1 1 7 .5 1 1 7 .8 1 1 8 .? 0 1 -6 8 3 .4 3 .6 3 .8 3 .8 3 .9 3 .9 3 .6 3 .5 3 .9 3 .8 4 .1 4. 1 0 2 -6 8 3 .5 3 .7 3 .8 3 .9 3 .9 3 .9 3 .7 3 .6 3 .9 3 .9 4 .1 4 .1 1 1 8 .6 4 .2 1 1 9 .0 0 3 -6 8 3 .6 3 .8 3 .9 4 .0 4. 1 M.O 3 .9 3 .9 4 .1 4 .1 4 .4 4 .5 4 .7 5 .2 0 4 -6 6 3 .6 3 .8 3 .9 4 .0 4. 1 4 .1 3 .9 3 .9 4 .1 4 .1 4 .3 4 .4 4 .5 4 .6 1 1 9 .5 4. 1 1 1 9 .9 0 5 -6 6 3 .6 3 .8 3 .9 4 .0 4. 1 4 .1 3 .9 3 .9 4 .1 4 .1 4 .3 4 .3 4 .4 4 .4 4 .1 4. 1 0 6 -6 8 3 .8 4 .0 M. 1 4 .2 4 .2 4 .2 4 .1 4 .1 4 .4 4 .4 4 .6 4 .6 4 .7 4 .9 4 .8 5. 1 0 7 -6 8 3 .9 4 .1 4 .2 4 .3 4 .4 4 .4 4 .3 4 .3 4 .5 4 .6 4 .8 4 .8 5 .0 5 .1 5. 1 5 .5 6. 1 6. 1 0 8 -6 8 3 .9 4 .1 4 .2 4 .3 4 .3 4 .3 4 .3 4 .3 4 .5 4 .5 4 .7 4 .7 4 .8 4 .9 4 .9 5. 1 5 .4 5. 1 C 7 -6 7 0 8 -6 7 0 9 -6 7 1 0 -6 7 1 1 -6 7 0 1 -6 7 C 2 -6 7 C 3 -6 7 C 4 -6 7 C5 -6 7 0 6 -6 7 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 1 2 0 .3 6 .2 1 2 0 .^ 1 2 1 .5 4 .0 1 2 1 .? 0 4 -6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8 IN IT IA L MONTH * NCT SEASONALLY AD JlST EC PREPARED BY FEDERAL RESCRVE BANK OF ST . SEPTEMBER 2 6 , 1968 WHOLESALE PR IC ES, ALL COMMODITIES * COMPOUNDED ANNUAL RATES DF CHANGE IN IT IA L TFRM TMAI MCNTH 0 1 -6 7 0 2 -6 7 2 .2 - <13-6 L 2 .8 - 0 *-6 7 CU-67 0 ? -6 7 0 6 -6 7 C 7 -6 7 0 8 -6 7 0 9 -6 7 -----1957«-5 9 MONTH 1 0 -6 7 1 1 -6 7 1 2 -6 7 0 1 - 6 8 0 2 -6 8 0 3 -6 8 IOC 0 4 -6 8 0 5 -A R 0 6 ^ 6 fc 0 7 - 6 8 1 0 5 -7 _ 3 .4 ^ * 9— U. U- .8 - .6 5 .9 ..._ L 0 5 .,.e ... 0 5 -6 7 1. 1- 0 6 -6 7 •2 .9 2 .3 5 .8 5 .6 H 7 -6 7 -6 1 .1 2 .3 4 .6 U. C 2 .3 .2 - .2 .9 2 .3 1 .1 1 .1 - 4 .4 - 0 9 -6 7 .0 .3 1.C 2 .1 1 .1 .4 - 1 .7 - 1 .1 1 0 -6 7 . 1- .1 .7 1 .5 .7 .6 - 1 .5 - .0 1 .1 - 1 1 -6 7 .0 .3 .7 1 .5 .8 .2 - .8 - .4 .0 „. J 106« 1 1 0 6 .? _ 1 Q 6jJL____ 1 .1 1 0 6 .2 1 0 6 .8 .6 .9 1 .4 2 .1 1 .6 .9 .7 2 .0 2 .3 4 .0 7 .0 0 1 -6 8 .9 1 .2 1 .7 2 .4 2 .C 1 .5 1 .3 2 .5 2 .9 4 .2 5 .8 1 0 7 .2 H .6 - J 0 8 . 0 ___ ____0 2 - 6 6 1 .6 1 .9 2 .4 3 .1 2 .6 2 .4 2 .4 3 .6 _ 4 .1 5 .5 ... 7 . 0 6 .9 0 3 -6 8 1 .6 1 .9 2 .4 3 .0 2 .7 2 .4 2 .4 3 .4 3 .8 4 .8 5 .8 5 .4 5 .7 2 .3 4 .2 1 .7 1 .1 3 .7 1 .9 1 .7 0 4 -6 8 1 .6 1 .9 2 .3 2 .9 2 .6 2 .3 2 .3 3 .1 3 .4 4 .2 4 .8 4 .3 0 0 -6 8 1 .6 1 .9 2 .3 2 .8 2 .6 2 .3 2 .3 3 .0 3 .3 3 .9 4 .4 3 .9 9 .3 ____ 1 0 8 .2 1 0 8 .3 2 .2 1 0 8 .5 .1 0 9 .7 ... 0 6 -6 8 1 .7 1 .9 2 .3 2 .8 2 .5 2 .3 2 .3 3 .0 3 .2 3 .7 4 .1 3 .6 3 .4 2 .C 1 .9 2 .2 2 .2 0 7 -6 8 1 .8 2 .1 2 .4 2 .9 2 .7 2 .4 2 .4 3 .1 3 .3 3 .8 4 .1 3 .7 3 .6 2 .5 2 .5 3 .0 3 .4 4 .5 2 .7 2 .4 1 .3 1 .1 1 .1 .7 .C 1 2 -6 7 0 1 - 6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 1 .5 1 .7 2 .C 2 .4 0 1 -6 7 0 2 -6 7 C 2 -6 7 0 4 -6 7 2 .2 1 .9 .Q..6*.2 .... .. .....lQ f iu .5 ........ . ___ 1 2 r6 7 0 8 -6 8 / 10.6..C..... no I o n u -6 7 0 2 -6 7 L O tI!> 2 .5 2 .6 3 .0 3 .2 C 7 -6 7 0 8 -6 7 0 9 -6 7 1 0 -6 7 1 1 -6 7 1 .9 1 0 9 .1 4 .3 - _1.0 8.7 P __ - C 5 -6 7 0 6 -6 7 0 5 - 6 8 0 6 -6 ? . 0 7 - 6 8 IN IT IA L MONTH * NCT SEASONALLY AOJLSTEC PRELIMINARY_________________ Digitized forP -FRASER PREPARED BY FEDERAL RESFRVE PAN* OF ST. SEPTEMBER 26, 1968 LCUK. 11 Prices R a t io S c a l e 1957 59=100 - R a t io S c a l e 1957 59=100 - S o u rc e : U .S . D e p a r tm e n t o f L a b o r Percentages are annual rates o f change between periods indicated. They are presented to a id in com paring most recentdevelopm ents w ith p a s f'tr e n d s .” Latest d a ta p lo tte d : August prelim inary Prepared by Federal Reserve Bank of St. Louis 12 WHOLESALE PRICES - INDUSTRIAL COMMODITIES _______ COMPOUNDED ANNUAL RATES OF CHANCF______ IN IT 1 A L MCNTH TC* M 1NALMCNTH -1 9 5 1 -5 9 / 100 -SLli?Ll ù2z.tl C 2 r6 7 .Q 4 -6 7 C 5 -6 7 C 6 -6 7 C 7 -6 7 0 8 -6 7 Q 9 -6 7 IQ -6 7 1 1 -6 7 1 2 -6 7 0 1 - 6 8 0 2 - 6 8 0 3 - 6 8 0 4 - 6 8 0 5 - 6 8 Q6 - 6 fi 0 7 - 6 8 QZrtZ .-OJbrjft-T- 1 0 6 .0 U l. 1 0 6 .0 1 0 6 .0 -0 J r6 7 . .C _*0__ .c 1.0.6 »0 -JL ..SL I z Ì lL 1Q.6>Q 0 8 -6 7 .0 .6 .7 .9 1, 1 1 .7 3 .4 0 9 -6 7 1.0 .8 .9 1.1 1 ,4 1 .9 2 .9 2 .3 1 0 -6 7 1 .3 1, 1 hi 1 ,5 1,8 2 .3 3 .1 2 .9 3 .4 1 1 -6 7 1 .5 1 .4 1, 6 1.8 2. 1 2 .5 3. 1 3 .1 3 .4 1 2 -6 7 1 .7 1.6 i.e 2 .C 2.2 2 .7 3 .2 3 .1 3 .4 3 .4 3 .4 01-68 1 .9 1 .9 ? fC 2 .3 2.6 2 .9 3 .4 3 ,4 3 .7 3 .8 4 .0 1 0 6 .3 1 0 6 .5 1 0 6 .8 3 .4 1 07 .1 1 0 7 .4 4 .6 1 0 7 .8 02-68 2.2 2,2 2 .4 2,6 2 .9 3 .3 3 .8 3 .8 4 .1 4 .3 4 .6 5 .1 5 .7 0 3 -6 8 2 .3 2 .3 2 ,5 2 ,7 3.C 3 .3 3 .7 3 .7 4 .0 4 .1 4 .3 4 .6 4 .5 3 .4 0 4 -6 8 . 2 .3 2 .3 * .4 2,6 2 .9 3 .2 3 .5 3 .6 3 .7 3 .8 3 .9 4 .0 3 .8 2 .8 2 .2 0 5 -6 8 2 .C 2 .C 2. 1 2 .3 2 ,5 2 .7 3 .0 2 .9 3 .0 2 .9 2.8 2 .7 2 .2 1 .1 .0 0 6 -6 8 2.0 2.0 2.1 2 .3 2 .4 2.6 2 .9 2.8 2 .9 2 .8 2 .7 2 .6 2 .2 1 .4 .7 .0 2.2 0 7 -6 8 1 *9 1 ,9 ? *P 2, 1 2 .3 2 .4 2.6 2.6 2 .6 2 .5 2 .4 2 .3 1 .9 1 .1 .6 ,0 1.1 .0 0 8 -6 8 1.8 1.8 1 .9 2,1 2.2 2 .3 2 .5 2 .5 2 .5 2 .4 2 .3 2 .1 1 .8 1 .1 .7 .3 1 .1 .6 0 1 -6 7 0 2 - 6 7 C2- 6 7 0 4 -6 7 iC 7-67 0 8 -6 7 0 9 -6 7 1 0 -6 7 1 1 -6 7 1 2 -6 7 0 1 -6 8 0 2 -6 8 1C5-6 7 0 6 -6 7 1 0 8 .3 1 0 8 .6 1 0 8 .8 2 . 2- 1 0 8 .6 1 0 8 .8 1 0 8 .8 1 .1 1 0 8 .9 0 3 - 6 8 I0 4 -6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8 IN IT IA L MCNTH NCT SEASONALLY ADJLSTEC • PREPARED BY 1FEDERAL RESERVE BANK OF ST. SEPTEMBER 26 • 1968 WHOLESALE PRICES - FARM PROOUCTS,AND PROCESSED FCODS AND FEEOS COMPOUNDED ANNUAL RATES OF CHANGE • IN IT IA L MONTH TERMINAL MCNTH 0 1 -6 7 I0 2 -6 7 C2 -6 7 0 4 -6 7 P ? -6 7 C6—é 7 C7 -6 7 C fi-67 0 9 -6 7 1 0 -6 7 1 1 -6 7 1 9 5 7 - 59 ✓ 100 1 2 -6 7 0 1 -6 8 0 2 - 6 8 0 3 -6 8 0 4 - 6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8 1 0 5 -7 0 2 -6 7 0 3 -6 7 1 2 .7 - 1 1 . 81 2 .4 - 0 4 -6 7 1 2 . 8- 0 5 -6 7 5 .5 - 0 6 -6 7 .4 - 0 7 -6 7 0 8 -6 7 0 r6 7 _ 1 0 4 .6 1 0 3 .4 1 2 .9 - 1 0 5 .0 2 . 6— 2 .3 20.2 3 .2 6 .7 2 1 .4 2 2. 6 3 .7 1 3 .9 5 .8 1 0 7 .3 e . 7-- 2 1 . 1- 1 0 5 .2 4 .5 .9 5 .5 -- 1C .7 — 1.1 1 .4 2 , C-- 7 .4 - - 1 1 . 4 - 6 . 1«- 1 2 . 9 - 1 6 .C 1 .4 5 ,2 2 .4 - . 6- 1 .3 3 .6 - 2 ,3 - .8 - 1 0 6 .8 .8 e .c .9 - 2 .9 - 0 9 -6 7 ..1 1 0 5 .3 1 0 4 .1 .0 3 .C -- 7 .5 - - 1 0 . 5 - 6.7«- 1 0 .4 - 2.0 .3 - 3 .7 -- 5 .5 - 1. 1-- 1 .9 - 4 .1 1 7 .5 2 .5 ,4 2 .4 -- 3 .7 - .2 .0 4 .7 11.6 5 .9 4 .0 2 .3 .C . 8- 3 .1 3 .5 8 .0 1 3 .8 1 2 .0 1 8 .5 2 .2 3 .7 2 .2 • 1 .6 - 2 .8 3 .1 6.6 1 0 .5 8 .3 9 .5 1 .1 1 .9 3 .3 1 .9 .C .6 - 2 .3 2 .5 5 .3 8,1 5 .8 5 .8 .0 1 1 -6 7 4 .0 - 2 .9 - 1 2 -6 7 2 . 2- 1 . 0- 01-68 1. 6- 0 2 -6 e . 2- 1.C 2 .3 0 3 -6 8 . 1- 1. 1 0 4 -6 8 . 1- .9 1 .7 #3 .4 - 7 .8 - 1 0 3 .4 1 0 4 .8 1 0 5 .3 1 0 6 .8 1 0 6 .9 1 .1 - 1 0 6 .8 1 1 ,7 2 ,7 4 .C 2.6 1. 1 .7 3 .7 6 .3 8 .9 7 .3 7 .6 4 .2 5 .7 1 3 ,1 .7 1,6 2.6 3 .8 2.6 1. 1 .7 3 .2 3 .4 5 .7 7 .8 6 .2 6 .3 3 .4 4 .2 6 .9 1 .1 1 ,5 2 ,5 if 4 4.6 3 .6 2 .3 2.0 4.4 4 .7 6 .9 8.8 7 .6 7 .9 6 .0 7 .2 1 0 .1 8.6 .4 1 ,3 2.1 3 .1 __ 2. 1 .7 .4 2 .4 2 .5 4 .2 5 .6 4 .2 3 ,9 1 ,7 1 .8 2 .6 0 4 - 6 7 C f- 6 7 0 6 -6 7 C 7 -6 7 0 8 -6 7 0 9 -6 7 1 0 -6 7 1 1 -6 7 i ool .6 0 6 -6 8 I ° 0 5 -6 8 3 .4 0 8 -6 8 LOUIS ..... 0 1 -6 7 0 2 -6 7 0 2 - 6 7 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 1 0 7 .9 .7 - 1 0 8 .0 1 0 9 .4 1 6 .7 1 .6 - 1 7 .1 - 1 0 7 .7P 0 4 -6 8 0 5 -6 8 0 6 -6 8 0 7 -6 8 IN IT IA L MCNTH « NCT SEASONALLY ADJLSTEC P - FRASER PRELIMINARY for Digitized PREPARED BY FEOERAL RESERVE BANK OF S T. LOUIS SEPTEMBER 2 6 . 196 8 13 General Price Index * Ratio ScaU Ratio Scale 1958=100 1958=100 * As used in National Income Accounts Source: 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." Latest data plotted: 3rd quarter preliminary Prepared by FederalReserve Bank of St. Louis IM P L IC IT PRICE OfPLATOR FOR GROSS NATIONAL PRODUCT C0MPÛUMD1D ANNUAL 1 HATES OF CHANGE i IN IT IA L QUARTER TERMINAL QUARTER 0 4 -6 3 0 1 -6 4 0 2 -6 » 0 3 -6 4 0 » -6 » 0 1 -6 5 0 2 -6 5 0 3 -6 5 0 4 -6 5 0 1 -6 6 « 2 -6 6 0 3 -6 6 0 4 -6 6 1958 0 1 -6 7 0 2 -6 7 / 100 0 3 - 6 7 O H -6 7 0 1 - 6 8 0 2 - 6 8 1 0 8 .2 0 1 -6 4 1 *5 0 2 -6 4 1 .3 I .! 03-61» 1 .6 1 .7 2 *2 O H -64 1 .7 1 .7 2 .0 1 0 8 .5 1 0 9 .1 1 .9 1 0 9 .6 0 1 -6 5 1 .8 1 .9 2 *1 2 .0 2 .2 0 2 -6 5 1 .8 1 .9 2 .0 2 .0 2 .0 1 .8 1 1 0 .2 1 1 0 .7 1 1 1 .0 0 3 -6 5 1 .7 1 .7 1 .8 1 .7 1 .7 1 .5 1 .1 0 4 -6 5 1 .7 1 .7 1 .8 1 .8 1 .7 1 .6 1 .5 1 .8 1 1 1 .5 0 1 -6 6 1 .8 1 .9 2 *0 2 .0 2 .0 1 .9 1 .9 Iti M 0 2 -6 6 2 .0 2 .1 2 .2 2 .2 2 .2 2 .3 2 *» 2 .8 M It* 0 3 -6 6 2 .1 2 .2 2 .3 2 .3 2 .» 2 .» 2 .5 3 .3 h * 0 4 -6 6 2 .2 2 .3 2 .4 2 .5 2 .5 2 .6 2 .7 It® 0 1 -6 7 2 .3 2 .4 2 .5 2 .5 2 .6 2 .6 2 .7 3 .0 3 .2 3 .3 3 .2 M 2 .8 0 2 -6 7 2 .3 2 .3 2 .» 2 .5 2 .5 2 .5 2 .6 2 .9 3 .0 M 2 .9 2 .8 2 .5 2 .1 0 3 -6 7 2 .4 2 .4 2 .3 2 .6 2f 6 ?•* ?•« ît° h\ It? M V M ?1* 0 4 -6 7 2 .5 2 .6 2 .7 2 .7 2 .8 2 .8 2 .9 3 .1 3 .3 3 .3 3 .3 3 .3 3 .2 3#» » .0 » .1 0 1 -6 8 2 .6 2 .6 2 .7 2 .8 2 .8 2 .9 3 .0 3 .2 3 .3 3 .» 3 .3 3 .» 3 .3 3 .5 3 .« 3 .9 3 .8 3 .5 3 .» 3 .6 3 .9 » .1 !•* 3 .5 3 .6 M s.* » .0 3 .5 3 .9 3 .8 3 .9 0 6 -6 1 0 1 -6 6 « 2 -6 6 O S -4 6 1 1 2 .3 0 2 -6 8 2 .6 2 .7 2 ,8 2 .8 2 .9 3 *0 3 .1 3 .3 h* 3 .5 2 .7 2 .8 2 .9 2 .9 3 .0 3 .0 3 .1 3 .3 3 .» 3 .5 0 4 -6 3 0 1 -6 4 0 2 -6 4 0 3 -4 » C2—6 5 0 3 - 6 5 3 .2 1 1 4 .2 It5 0 3 -6 8 C 4 -6 4 0 1 - 6 9 1 1 3 .3 W IT !M l 1 1 5 .2 1 1 6 .0 1 1 6 .6 6 1 -6 7 l f - 4 7 1 1 7 .7 0 J -6 > 1 1 8 .9 1 2 0 .0 1 2 1 .2 3 .7 1 2 2 .3 P 04 —6 7 0 1 - 6 8 0 2 - 6 8 O U « *? *! P - PRELIMINARY PREPARED «Y FEDERAL RESERVE BANK OF ST. LOUIS B t M P i E Wll