View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SUKVEY
OF CUKEENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1963

Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS

1964

1965

1963
I

II

1964
III

IV

I

Annual total

II

1966

1965
III

| IV

I

II

IV

III

I

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
589.2

628 7

676 3

577.0

583. 1

593. 1

603 6

614 0

624 2

634. 8

641.1

657 6

668. 8

681. 5

697.2

713.9

373.8

398.9

428 7

368.0

371.1

376.6

379.5

389.1

396.0

404.6

405.9

416.9

424.5

432.5

441.0

451. 8

53.4
24.3
21.9

58.7
25.8
24.7

65 0
30 0
26.0

52.2
23.6
21.4

52.6
23.9
21.4

54.1
24.6
22.1

54 9
24.9
22.7

57.4
25.5
23.9

59.1
25.7
25.1

60.5
27.1
25.0

57.9
24.8
24.8

64.6
30.3
25.5

63.5
29.3
25.4

65.4
30.3
26.0

66.4
30.1
27.3

68.7
31.3
28.0

168. 0
30.5
88.2
13.5

177. 5
33.3
92.3
14.0

189 0
35.1
98.4
14 7

166.6
30.3
87.5
13.3

167.4
30.2
88.1
13.4

169.2
31.1
88.5
13.5

168.9
30.6
88:7
13.7

173. 7
32.3
90.6
14.0

175.7
33.2
91.3
13.9

179.8
33.8
93.3
14.0

180.9
34.0
94.1
14.2

182.8
34.3
94.8
14.2

187.9
35.0
97.3
14.7

190.5
35.2
99.3
14.8

195.0
35.9
102.2
15.0

200.1
37.7
103.8
15.5

do
do
do
do

152.3
23.1
55 5
11.4

162.6
24.4
59 5
11.7

174 7
25.8
64 7
12 2

149.2
22.8
54 5
11.3

151. 1
22.8
55 3
11.4

153. 3
23. 5
55 7
11.4

155. 7
23.3
56 5
11.5

158. 0
23.6
57 5
11.7

161. 2
24.4
58 8
11.7

164.3
24.8
60 1
11.8

167. 1
24.8
61 4
11.9

169.5
24.9
62.7
11.9

173.1
25.5
64.0
12.1

176.7
26.3
65.3
12.3

179. 6
26.6
66.7
12.5

183.0
27.0
68.0
12.7

Gross private domestic investment, totaL____do

86.9

92.9

105. 7

82.6

84.8

87.9

92.4

89.7

90.9

92.6

97.7

103.4

102. 8

106.2

110.3

•111.7

81.2
54.3
19.7
34.6
26.9
26. 3

88.1
60.5
21 1
39.4
27. 5
27 0

4.8
5.4

97.4
69.8
24 3
45.5
27.6
97 1
8.2
7.9

78.1
52.1
19.0
33.1
26.0
25 4
4.5

80.1
53.4
19.2
34.2
26.7
26.1
4.7
4.2

82.1
55.1
20.0
35.1
26.9
26.4
5.8
5.2

84.3
56.5
20 5
36.0
27.9
27 3
81
6.9

86.5
58.1
20.7
37.5
28.4
27 8
3.3
3.6

86.8
58.9
21. 1
37.9
27.9
27 3
4.1
5.1

88.8
61.6
21.1
40.5
27.2
26.6
3.8
4.6

90.2
63.5
21.5
42.0
26.7
26.2
7.5
7.8

94.6
66.9
23.2
43.7
27.7
27.1
8.8
9.2

96.4
68.4
24.5
43.9
28.0
27.5
6.4
6.6

98.6
70.9
24.2
46.7
27.7
27.1
7.6
7.0

100.2
73.0
25.4
47.6
27.2
26.7
10.1
8.9

103.6
75.5
26.9
48.5
28.2
27.6
8.1
7.4

Gross national product, total

bil. $

Personal consumption expenditures, total _ do
Durable goods, total 9
Automobiles and parts
_ _ _ _
Furniture and household equipment

do
do
do

Nondurable goods, total 9 _ —
Clothing and shoes
__ _
Food and beverages
Gasoline and oil__

do
__ _ do _
do
do

Services, total 9
Household operation _ _ _ _ _
Housing
Transportation

_

Fixed investment _ _
do
Nonresidential
__;
_ __ do __
Structures
do
Producers' durable equipment
do
Residential structures.
_ _ _ _ _ do_
Nonfarm
do
Change in business inventories
do
Nonfarm. _
_
_ _
do

5.7
4.9

O

0

do
do
do

5.9
32.4
26 4

8.6
37.0
28 5

7.1
39.0
31 9

4.5
30.0
25 6

6.2
32.4
26 2

5.7
32.6
26 9

7.3
34.4
27 1

8.8
36.3
27 5

7.7
36.0
28 2

8.8
37.3
28 5

8.9
38.4
29 5

6.0
34.7
28.6

8.0
40.4
32.4

7.4
40.1
32.7

6.9
40.8
33.9

6.4
41.7
35.3

Govt. purchases of goods and services, total__do
Federal
do
National defense _
_
do
State and local
do

122.6
64.4
50.8
58 3

128. 4
65.3
49.9
63 1

134.8
66.6
49.9
68.2

121.9
65.4
51.5
56.5

120.9
63.6
50.5
57 4

123.0
64.2
51.0
58.8

124. 3
64 4
50.3
59 9

126.3
65.0
49.8
61 3

129.7
67.0
51.7
62.7

128.7
64.9
49.5
63 8

128.6
64.3
48.8
64.3

131.3
64.9
48.8
66.4

133.5
65.7
49.2
67.8

135.4
66.5
49.8
68.9

139. 0
69.2
52.0
69.8

144.0
72.5
55.0
71.5

By major type of product:
Final sales, total ___
__
_ _ ••_
Goods, total
_ _ _ _ _ _
Durable goods
Nondurable goods
Services
_ _
_.
Structures
_

do
do
do
do
do
do

583.5
291.1
113.1
178 1
226. 9
65.5

623.9
311.3
122.8
188 4
244.0
68 6

668.1
333.4
133.5
199.9
261.0
73.7

572. 5
287.2
109.8
177.4
222. 1
63.2

578.4
289. 2
112.0
177.2
225. 1
64.1

587.3
292.9
114.3
178.6
228.2
66.2

595.5
295 3
116.2
179 1
232.1
68 0

610.7
304 9
120. 1
184 9
237.3
68.5

620.1
308. 3
121.6
186 8
242.8
69 0

631.0
316.0
125.4
190.6
246.4
68.6

633.6
315. 8
124.3
191.5
249.7
68. 1

648.8
322.8
130. 1
192.8
253.8
72. 1

662.4
329.1
130.3
198.7
259. 0
74.2

673.9
337.1
135.4
201.7
263.0
73.9

687.1
344.6
138.0
206.5
268. 0
74.5

705.8
354.6
142.5
212.0
273.8
• 77.4

do
do
do

5.7
2.8
2.9

4.8
3.3
1.5

8.2
6.1
2.1

4.5
2.0
2.5

4.7
3.4
1.4

5.8
2.3
3.5

8. 1
3.8
4 3

3.3
2.2
1.1

4.1
3.5
.6

3.8
2.7
1. 1

7.5
4.4
3.1

8J8
7.1
1.6

6.4
6.2
.2

7.6
6.5
1.0

10.1
4.4
5.7

8.1
5.0
3.1

560. 0

567.1

575. '9

582.6

584.7

597.7

603. 5

613.0

624.4

633. 6

356.4

364.5

369.8

377.3

376. 8

386.1

390.5

396.9

403. 3

409.9

60.2
171.6
145.5

57.9
171.8
147.1

64.5
173.2
148. 4

63.4
176.4
150.7

66.4
177.8
152. 7

67.9
181.0
154.4

70.7
182.9
156.3

86.0

90.2

95.4

94.2

96.9

100.5

100.9

88.1
63.7
24.4
6.2

89.7
66.0
23.7
7.2

90.7
67.6
23.1
9.8

93.1
69.3
23.8
7.7

Net exports of goods and services
Exports.
_
Imports

Inventory change, total
Durable goods
Nondurable goods
GNP in constant (1958) dollars
Gross national product, total

bil. $

_ •.

Personal consumption expenditures, total
Durable goods
_ __
Nondurable goods _ _
Services

J _

Gross private domestic investment, total
Fixed in vestment __ _
Nonresidential
___
Residential structures
Ch ange in business inventories
Net exports of goods and services

_

550. 0

577. 6

609.6

541.2

544.9

553. 7

do

352.4

372.1

394.2

348.3

350.0

355.1

do
do
do

53.2
161.8
137 3

58.5
169.4
144 2

65.6
177.1
151.5

52.0
161.0
135.3

52.3
161.2
136.5

54. 1
163.0
138.0

54.7
162.1
139 6

57.0
166.4
141.1

58.7
167.8
143.3

do

82.3

86.3

96.8

78. 7

80.5

83.0

86.9

83.8

85.2

do
do
_ __do _
do
do _

Govt. purchases of goods and services, total. _do
Federal. _ _
do
State and local.
do
r

Revised.

* Preliminary.

217-518 O-66-4




76.6
51.9
24.7
5.7

81.7
57.1
24.6
4.6

88.8
65.0
23.9
7.9

74.2
50.0
24.2
4.4

75.8
51.2
24.6
4.6

77.2
52.6
24.6
5.8

79.0
53.7
25.3
7.9

80.7
55.1
25.7
3.0

80. 7
55.7
25.0
4.5

82.2
58.1
24.1
3.8

83.1
59.6
23.6
7.1

86.8
62.5
24.3
8.6

5.6

8.5

6.0

4.0

5.8

5.5

7.1

9.0

8.1

8.7

8.3

5.1

6.6

6.2

6.2

5.7

109.8
59 7
50.0

110.7
57 8
52.8

112.7
57 1
55.6

110.3
61 3
49.1

108.7
59 2
49.5

110.0
59 7
50.3

109.6
58 7
50.8

109.9
58.2
51.7

112.8
59 9
52.9

110.5
57.1
53.4

109.4
56.1
53.3

111.2
56.4
54.8

112.1
56.8
55.3

113.0
57.0
56.0

114.3
58.2
56.2

117. 1
60.2
56.8

9 Includes data not shown separately.

s-l

SUKVEY OF CUKKENT BUSINESS

S-2

1965
1964
Unless otherwise stated, statistics through 1964 1963
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual total

1964

1963
III

June 1966

IV

I

II

1966

1965
III

IV

I

II

III

IV

I

II

III

GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income total
foil
$
C ompensation of employees total
do
Wages and salaries, total
do
Private
- do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' income total 9
do
Business and professional 9
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
foil
$
By broad industry groups:
Financial institutions
do
Nonfinancial corporations, total
-_do__-_
Manufacturing total
do
Nondurable goods industries
do
Transportation, communication, and public
utilities
bil. $
All other industries
do
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Dividends
do
Inventory valuation adjustment
do
Net interest
do
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil $
Less* Personal tax and nontax payments
do
Equals: Disposable personal income _ _
__do
Less: Personal outlays©
do
Equals* Personal saving§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
-___
bil. $
Manufacturing.
;___
_ _ do
Durable goods industries
do
Nondurable goods industries
do
Mining
_
do
Railroad
do
Transportation, other than rail
do
Public utilities. _.
do
Communication
do
Commercial and other
do
Seas. adj. qtrly. totals at annual rates:
All industries
__:
do _
Manufacturing
do
Durable goods industries
do
Nondurable goods industries __ _ _ _ do _
Mining
do
Railroad.do
Transportation, other than rail
do _
Public utilities
do
Communication
do
Commercial and other
do _
U.S.

BALANCE OF

INTERNATIONAL

52.6
31.8
51.1
39.1
12.0
18.2

554.7
391.9
357.4
288.5
12.4
56.5
34.5
54.5
40.3
14.3
18.6

484.6
343.0
312.9
253.2
10.7
49.1
30.1
50.9
37.9
13.0
17.7

492.6
349.5
318.8
257.4
11.6
49.9
30.7
51.0
38.0
13.0
18.0

501.6
355.1
324.2
261.6
11.6
51.0
30.8
50.4
38.5
11.9
17.9

510.5
361.9
330.4
266. 9
11.6
51.9
31.5
51.0
39.0
12.0
18.1

519.5
369. 0
336.8
271.7
11.7
53.3
32.2
51.4
39.4
12.0
18.3

526.3
375. 4
342.6
276.5
11.9
54.3
32.7
51.8
39.6
12.2
18.5

540.6
382.4
348.9
282.0
11.8
55.0
33.5
51.9
39.9
12.0
18.5

549. 5
387. 9
353.6
285.9
11.8
55.9
34.3
54.6
40.1
14.5
18.6

557.9
393.7
359. 0
290.0
12.3
56.7
34.7
55.4
40.4
15.0
18.6

570. 8
403. 6
368.1
296.1
13.7
58.3
35.5
56.2
40.7
15.5
18.7

' 587. 7
416.2
377.0
303.1
14.4
59.5
39.2
56.9
41.0
15.9
18.8

58.1

64.5

73.1

59.1

59.6

63.6

64. 5

65.5

64.9

71.7

72.0

73.5

75.2

'78.1

7.5
50.6
28.7
13.2
15.4

8.0
56. 5
32.1
14.9
17.2

8.9
64.2
37.5
16.8
20.7

7.5
51.6
29.5
13.4
16.1

7.4
52.2
29.7
13.5
16.1

7.5
56.2
31.9
14.4
17.5

7.8
56.7
32.1
15.0
17.1

8.4
57.0
32.5
15.0
17.5

8.5
56.4
32.3
15.3
17.1

8.3
63.4
37.3
16.6
20.8

8.9
63.2
36.7
16.6
20.1

9.2
64.3
37.3
16.6
20.7

9.3
65.9
38.8
17.4
21.3

9.1
69.0
41.6
18.5
23.2

9.2
12.7
58.6
26. 0
32.6
15.8
16.8
-.4
13.6

10.0
14.3
64.8
27.6
37.2
17.2
19.9
-.3
15.2

10.8
15.9
74.7
30.1
44.5
18.9
25.6
-1.6
16.5

9.5
12.6
58.9
26.1
32.8
15.8
17.0
.2
13.9

9.4
13.1
60.8
27.0
33.8
16.1
17.7
-1.2
14.5

9.9
14.5
64.0
27.3
36.7
16.7
20.0
-.4
14.5

10.1
14.5
64.5
27.5
37.0
17.1
19.9
.0
15.0

10.2
14.4
65.3
27.8
37.5
17.4
20.1
.2
15.4

10.1
14.0
65.9
28.1
37.8
17.7
20.0
-1.0
15.7

10.5
15.5
73.1
29.5
43.6
18.0
25.7
-1.4
16.1

10.5
16.0
73.9
29.8
44.1
18.6
25.5
-1.8
16.4

11.0
16.0
74.6
30.1
44.5
19.2
25.3
-1.2
16.7

10.9
16.2
77.0
31.1
45.9
19.9
26.0
-1.8
17.1

10.9
16.5
'80.9
'32.6
'48.3
20.6
'27.7
-2.8
17.6

464. 8
60.9
403.8
383.4
20.4

495.0
59.2
435.8
409.5
26.3

530.7
65.4
465.3
440.5
24.9

467.1
61.0
406.1
386.3
19.8

475.6
61.6
414.0
389.5
24.4

483.0
60.4
422.6
399.3
23.3

490.6
56.9
433.6
406.3
27. 3

499.1
58.8
440.3
415.3
25.0

507.1
60.7
446.4
416.9
29.5

516.2
64. 8
451.4
428.1
23.3

524.7
66.2
458. 5
436.1
22.4

536. 0
64.8
471.2
444.4
26.8

546.0
65.7
480.3
453.2
27.1

557.1
68.3
488.7
464.4
24.4

39.22
15.69
7.85
7.84
1.04
1.10
1.92
5.65
3.79
10. 03

44.90
18.58
9.43
9.16
1.19
1.41
2.38
6.22
4.30
10.83

51.96
22.45
11.40
11.05
1.30
1.73
2.81
6.94
4.94
11.79

10.14
3.95
1.96
1.99
.27
.29
.45
1.60
.93
2.64

11.09
4.56
2.31
2.25
.28
.33
.54
1.61
1.06
2.72

9.40
3.79
1.93
1.87
.26
.32
.51
1.18
.97
2.37

11.11
4.53
2.30
2.23
.29
.36
.63
1.58
1.10
2.61

11.54
4.67
2.37
2.30
.30
.37
.59
1.71
1.06
2.84

12.84
5.59
2.83
2.76
.33
.35
.64
1.76
1.17
3.01

10.79
4.54
2.25
2.28
.29
.39
.58
1.32
1.08
2.59

12.81
5.47
2.76
2.70
.33
.44
.77
1.71
1.24
2.85

13. 41
5.73
2.91
2.82
.32
.44
.72
1.88
1.22
3.10

' 12. 77 1J15. 17
14.95
6.72 '5.61 '6.74
'3.44
3.48 '2.87
3.24 '2.74 '3.30
'.33
'.36
.35
'.40
.51
.46
'.75
.73
'.97
2.04 '1.60
'1.97
1.41
1.26
3.25 '2.83 '34.62

481.1
341.0
311.2
251.6
10.8
48.8
29.8
50.8
37.8
13.0
17.6

514.4
365.3
333.5
269.2
11.7:

40.00
15.95
8.00
8.00
1.05
1.20
1.85
5.90
3.85
10.20

41.20
16.45
8.30
8.15
1.05
1.35
2.10
5.80
4.05
10.45

42.55
17.40
8.85
8.55
1.15
1.40
2.30
5.95
4.05
10.25

43.50
17.80
9.00
8.80
1.15
1.25
2.25
6.30
4.30
10.45

45.65
18.85
9.60
9.20
1.20
1.50
2.40
6.30
4.40
11.00

47.75
20.15
10.15
10.00
1.30
1.55
2.60
6.35
4.40
11. 40

49.00
20.75
10.40
10.40
1.25
1.75
2.55
6.80
4.55
11.30

50.35
21.55
10.80
10.70
1.30
1.55
2.70
6.85
4.80
11.60

52.75
23.00
11.75
11.25
1.25
1.70
3.00
6.75
5.05
11.95

55.35
24.15
12.45
11.70
1.35
1.95
3.00
7.30
5.30
12.25

2 15. 66
6.84
3.46
3.38
.36
.54
.89
2.23

34.80
2 61. 65
27.55
14.00
13.50
1.40
2.10
3.65
8.10

58. 00 '159.60
25. 60 ' 26. 60
13. 15 ' 13. 55
12. 45 ' 13. 05
'1.40 ' 1. 40
'1.75 '1.85
3.30 ' 3. 40
' 8. 25 '7.80
5.35
' 12. 35'318.50 3 18. 85

'
'
'
'

PAYMENTS^
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
•__
mil. $__ ' 32, 339 ' 36, 958 ' 38, 993 ' 8, 135 ' 8, 564 ' 9, 112 ' 9, 001 ' 9, 308 ' 9, 537 ' 8, 776' 10, 136 ' 10, 016' 10, 06 P 10, 416
Merchandise, adjusted, excl. military
_ _ d o ' 22, 071 '25,297 ' 26, 276 ' 5, 633 ' 5, 949 ' 6, 156 ' 6 092 ' 6, 389 ' 6, 660 '5,625 ' 6, 798 '6,826 '7,02 P 7, 121
P194
'21
'199
'162
'229
'200
'20
Military sales
do
'198
'186
'747
'844
'103
'145
'657
Income on U.S. investments abroad
do
' 4, 654 '5,392 ' 5, 901 ' 1, 148 ' 1, 183 ' 1 402' 1, 369 ' 1, 368 ' 1, 253 ' 1, 561 '1,616 ' 1, 470 '1,25 p 1 532
' 1, 389 ' 1, 423 ' 1, 390 ' 1, 493 '1,52 '1,56 p 1, 569
Other services
do
' 4, 957 ' 5, 522 ' 5, 972 '1,251 '1,287 ' 1, 356 ' 1, 354
Imports of goods and services
do
'-26,442 '-28,468 '-32,036 '-6, 728 '-6, 784 '-6,850 '-7, 032 '-7, 196 '-7, 390 '-7, 164 '-8, 087 '-8,24 '-8, 54 p-S, 908
Merchandise adjusted excl military
do
'-16,992 '-18,621 '-21,488 '-4, 344 '-4,372 '-4,389 '-4, 579 '-4, 752 '-4, 90 '-4, 656 '-5, 481 '-5, 59 '-5, 75 p-6,003
p-837
'-77
Military expenditures
do
'-2,936 '-2,834 '-2,881 '-719 '-719 '-740 ' 725 '-686 '-683 '-664 '-701 '-74
p-435
'-45
'-373 '-404 '-41
Income on foreign investments in the U.S__do___. '-1, 271 '-1, 404 '-1, 646 '-322 '-352 '-339 '-344 '-349 '-37
Other services
.
do
'-5, 243 '-5, 609 '-6,021 '-1,343 '-1, 341 '-1,382 '-1,384 '-1,409 '-1, 434 '-1, 471 '-1, 50 '-1, 49 '-1,55 p-1, 633
Unilateral transfers, net (excl. military grants);
'-64
p-858
'-662 '-768 '-71
transfers to foreigners ( — )
mil $
'-2, 784 '-2,765 '-2, 794 '-727 r_702 '-683 '-717 '-694 '-67
Transactions in U.S. private assets, net; increase
'-91
p-888
(— )
mil $
'-4,456 '-6, 523 '-3, 690 '-670 '-1, 106 '-1, 360 '-1,385 '-1,589 '-2, 18 '-1,605 '-346 '-82
Transactions in U.S. Govt. assets, excl. official
'-47
p-336
'-367 '-469 '-26
reserve assets* increase ( — )
mil $
'-94 '-486 '-291 '-350 '-415 '-61
'-1, 664 '-1,674 r i 575
Transactions in U.S. official reserve assets, net;
*42
'4
'27
'842
'6
'70 '-15
'-5
increase ( — )
mil $
'171 ' 1, 222 '227
'303
'378
Transactions in foreign assets in the U.S., net (U.S.
'24
*378
'31
'180 '-42
'719 '1,84
'419
liabilities)' increase (+)
mil $
'33
'309
'109
'2,981 ' 3, 312
'358
*13
'49
'7
'-145 '-29
'547 '1,53
Liquid assets
do
'24S
'299
' 2, 292 '2,627
'133
'-27 , '143
*>23
'23
'-25
'172
'32
'-13
Other assets
do
'685
'12
'31
'176
'136
'8
'689
'215
r_g
*-22S
'-24
'-10
'-203 '-36
Unrecorded transactions
do
'-15
'-352 '-1,011 '-429 '-252
'16
'-29
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
'-35
p-56
'226 '-53
'-697
'-617 '-1,38
all foreigners* decrease ( — )
mil $
'-24
'-55
'-2, 67C '-2, 798 '-1, 35 '-200 '-13
Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
p-24
'23 '-1, 15
'-84
'23
'-618
'-23
official agencies' decrease ( — )
mil $
'-14
'-32
'-2,044 '-1, 546 '-1, 30
'
'-9
' Revised.
* Preliminary.
9lideludes i nventory valuatic n adjust ment.
1
Estimates for Apr.-June 1966 based on anticipated capita 1 expenditures of 1Dusiness.
0F ersonal outlays c omprise personal consum ption expenditur es, inter<jst paid by con2
Estimates for July-Sept. 1966 based on antici pated caj)ital expe nditures of busirICSS.
sume rs, and personal t ransfer p ayments to foreigilers.
Anticipated expenditures for the year 1966 are as folio ws (in bil $): All industries, 60.78; m£mu§Pe rsonal sa ving is e xcess of d isposablc5 income over per sonal out lays,
facturing, total, 27.02; durable goods industries, H .78; noiid urable go ods industries, 1,J.24;
<?*,lore com plete det ails are §£ven in t he quart erly revi ews in tl le Mar., June, Sept., and
mining, 1.42; railroad, 2.05; transportation, 3.49; pu blic utiliti es, 7.99; commercial and o ther
Dec. issues of the SUR\rrsr.
(incl. communication), 18.80.
3 includes communi cation.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102