View original document

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

SURVEY OF CURRENT BUSINESS
Table 1.—Gross National Product in Current and Constant Dollars

Table 2.—Personal Income and Its Use (II-2)

d-3, 1-5)
1964

1963
1961 1962 1963 III

October 1964

IV

I

II

1963
"III

1961 1962 1963

Seasonally adjusted at
annual rates

518.7 556.2 583.9 587.2 599.0 608.8 618.6

627 5

337.3 356.8 375.0 377.4 381.3 390.0 396.1 4n , _
43.7 48.4 52.1 52.2 53.6 55.9 57.0 r Q o
155.4 162. 0 167. 5 168. 6 168. 9 172. 9 175.3
138. 3 146.4 155.3 156. 6 158.8 161. 1 163. 8 loo. o
68.8 79.1 82.0 82.8 87.1 85.9 87.2 Sfi _

Nondurable goods
Services

1 -Q

New construction _

41.0 44.2 46.6 47.2 48.3 49.2 48.9

Personal income
wage ana salary aisDursemems.
Commodity-producing industries

417.6 442.4 464.1 466.3 474.5
278.8 297.1 312.1 314. 3 318.8
110.8 118. 5 123.3 124.1 125.5
87.5 94.2 98.0 98.5 99.9
72.9 76.6 80.3 81.0 81.9
43.4 46.4 49.3 49.9 50.2
_ _ 51.8 55.6 59 2 59.4 61.3

Distributive industries
Service industries .. Government

0

4ai

„

25

23 4

Government purchases of goods and services^ 108.0 116.3 122.6 122.8 124.8 125.2 129.6
f) 0 n
f u

'

49.0 53. 6 55.2 55.5 55.3 54.0 57.0 r r "
8.9 10.2 10.3 9.5 10.5 11.5 11.0 11 2
.9
.8
.6
.9 1.2
.9
.6

State and local

50.6 53.5 57.9 58.4 59.9 60.9 62.5

Addenda:
Gross National Product in Constant (1954)
dollars
447.9 476. 4 492. 6 494.8 502.0 508.0 513.5 518 2
Implicit price deflator for seasonally adjusted GNP, 1954 = 100
115.8 116.7 118.5 118.7 119.3 119.8 120.5 121.1

480.9
323.2
126.7
100.6
82.7
51.3
62.4

487.9 494.5
328.7 334.3
.128.9 130.8
102.4 103.8
84.1 85.7
52.4 52.9
63.4 64.9

Rental income of persons

12.2 12.2 12.3 12.4 12.4 12.4 12.4 12.4

Dividends .
Personal interest income

15.2 16.5 18.0 17.9 19.1 19.1 19.8 20.0
27.5 30.0 32.9 33.4 34.2 35.0 35.7 36.3

Farm _

National defense
Other
Less: Government sales

pill

Proprietors' income
Business and professional
Farm

OK „
25.9 29.0 31.0 31.4 32.4 34.2 34.6
Transfer payments
1.9 5.9 4.4 4.2 6.4 2.5 3.7 , „
'
Old-age and survivors insurance bene. , fits
q 3 c
1 ^ 5
3.7 6.0 2.2 3.4
,
State unemployment insurance bene.6
.5
.5
.4
.3
.3
.3
•i
n£s
Veterans' benefits
6
4.6 4.0 4.4 4.2 5.8 7.7 5.7 c ' 5
Other
27.6 29.2 30.7 31.0 32.6 34.5 33.7 0 r p
Less: Personal contributions for social in23.0 25.2 26.3 26. 8 26. 9 26.8 27.9 2y 2

57.4 62.9 64.7 64.4 64.9 64.3 67.1

II

11.6 12.3 13.1 13.2 13.4 13.7 14.0 14.2

21.1 23.6 25.2 25.4 26.2 26. 9 26.2
19.8 20.6 21.3 21.9 22.1 22.3 22.7

Federal

I

48.2 49.8 50.6 50.7 51.5 51.2 51.7 52.1
35.3 36.6 37.6 37.8 38.3 38.6 39.1 39.6
12.9 13.2 13.0 12.9 13.2 12.6 12.6 12.6

Other

Exports
Imports

IV

Seasonally adjusted at
annual rates

Billions of dollars
Gross national product

III

1964

33.6 34.7 36.7 36.5 37.2 38.3 38.0 38.0
12.6 14.3 15.2 15.4 15.4 15.6 16.1 16.1
4.0 2.9 2.8 2.6 3.0 2.8 2.5 2.4
4.8 4.8 5.0 5.0 5.1 5.2 5.3 5.2
12.2 12.7 13.7 13.4 13.6 14.8 14.2 14.2
9.6 10.3 11.8

11.9 12.1 12.3 12.5 12.8

Less: Personal tax and nontax payments
Federal
State and local
Equals: Disposable personal income

52.9 57.9 61.6 61.9 63.3 61.4
45.1 49.1 51.9 52.2 53.4 51.2
7.8 8.8 9.6 9.7 9.9 10.2
364.7 384. 6 402.5 404.4 411.2 419.5

Less: Personal consumption expenditures
Equals: Personal saving.. _
__

337.3 356.8 375.0 377. 4 381.3 390.0 396.1 404.5
27.3 27.8 27.5 27.0 29.9 29.5 35.2 32.2

56.6 57.8
46.1 47.2
10.5 10.6
431.3 436.7

Addendum- Disposable personal income in
328.2 343.4 354.9 356.3 360.7 366.7 375. 7 379.0
constant (1954) dollars
p Preliminary.

*> Preliminary.

Table 3.—Relation of Gross National Product, National Income
and Personal Income (1-17, 1-18)
[Billions of dollars]
1964

1963
1961 1962 1963 III

IV

I

II

pill

Table 4. — Personal Consumpti on Expenditures by Major Type (II-6)
[Bill ons of dollars]

Seasonally adjusted
annual rates
Gross national product.. _

518.7 556.2 583.9 587.2 599.0 608.8 618.6 627.5

Less' Capital consumption allowances

III

IV

I

II

pill

nontax
49.0 52.8 55.9 56.1 57.3 57.9 59.0 60.2
2.4 2.4 2.4 2.4 2.4 2.5 2.5 2 5
-2.6 -1.8 -2.7 -3.5 -1.8 -1.6 -2.4 n.a.

Equals: National income

1.6

1.6

1.0

.9

.7

4

1.0

426.9 455.6 478.5 481.9 490.0 498.4 507.1 n a
44.1 48.4 50.8 51.4 53.1 56.4 57.9 n.a.
21.4 23.9 26.9 27.1 27.5 28.0 28.4 29 0

Plus: Government transfer payments
persons
Net interest paid bv government
Dividends
Business transfer pavments

31.3 32.3 34.3 34.0 34.7 35.9 35.5 35 5
7.4 8.0 8.6 8.7 8.8 9.1 9.3 9.2
15.2 16.5 18.0 17.9 19.1 19.4 19.8 20 0
2.4 2.4 2.4 2.4 2.4 2.5 2.5 2 5

to

Goods and services, total
Durable goods, total

0

0

0

0

0

0

0

1

417.6 442.4 464.1 466.3 474. 5 480.9 487.9 494.5

337.3 356.8 375.0 372.0 377.4 381.3 390.0 396.1 404.5
43.7 48.4 52.1 51.5 52.2 53.6 55.9 57.0 58.8

17.1 20.6 22.7 22.6 22.6 23.2 24.3 24.1 25.7
Automobiles and parts . .
Furniture and household equipment . 19.3 20.2 21.4 21.0 21.6 22.3 23.1 24.2 24.1
7.3 7.6 8.0 7.9 8.0 8.2 8.5 8.8 9.0
Other

Nondurable goods, total

Less: Corporate profits and inventory valuation adjustment
Contributions for social insurance
Excess of wage accruals over disbursements

Preliminary.



II

Seasonally adjusted at annual
rates

474.1 507.5 533.1 536.0 547.3 556.3 565.5 573.9

Plus: Subsidies less current surplus of government enterprises

Equals: Personal income

1961 1962 1963

44.5 48.7 50.8 51.2 51.7 52.5 53.1 53.6

Equals: Net national product
Less: Indirect business tax and
liability
Business transfer payments
Statistical discrepancy

1964

1963

Food and beverages
Clothing and shoes
Gasoline and oil
Other
Services, total
Housing
Household operation
Transportation
Other

' Preliminary.

155.4 162.0 167.5 166.6 168.6 168.9 172.9 175.3 179.2

81.3
28.7
11.9
33.6

84.6
29.9
12.3
35.2

87.1
30.7
12.8
36.9

86.9
30.1
12.8
36.8

87.3
31.3
12.9
37.1

87.8
30.9
13.0
37.3

89.7
32.1
13.3
37.8

90.6
33.2
13.5
38.0

92.6
33.8
13.6
39.1

138.3 146.4 155.3 153.9 156.6 158.8 161.1 163.8 166.5

44.2
20.4
10.7
63.0

46.5
21.6
11.3
67.0

48.9
22 7
11.' 7
72.0

48.6
22.4
11.7
71.3

49.2
22.9
11.7
72.7

49.8
23.0
11.8
74. 1

50.5
23.5
12.0
75.1

51.1
24.0
12 2
76^4

51.8
24.6
12.3
77.8

BUSINESS STATISTICS
JL HE STATISTICS here update series published in the 1963 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1959 through 1962 (1951-62, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1963 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (f), respectively: certain revisions for 1962 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the August 1963 issue. Also, unless otherwise noted, revised monthly data (for periods not shown herein) corresponding
to revised monthly averages are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1961

) 1962 | 1963

1961
III

Annual total

Data from private sources are provided

1962
IV

I

II

|

1964

1963
III

IV

I

III

II

IV

I

Hip

II

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
__ __bil. $_

426.9

455.6

478.5

429.7

442.4

447.2

454.3

457.8

463 2

467 9

474 6

481 9

490 0

498 4

507 1

do_ _

302.2

323.1

340.3

304.7

310.7

316.6

322.4

325.3

328 0

332 7

338 1

342 7

347 7

352 5

358 6

364 8

Wages and salaries, total. _ _
do
Private
do___
Military
_ _ _ do __
Government civilian _ __
do_ _
Supplements to wages and salaries
do
Proprietors' income, totaled-- --do
Business and professionalcf
do
Farm
_ ___
__do
Rental income of persons
do___
Corporate profits and inventory valuation adjustment, total
__ . _ _ _bil. $_

278.8
227.0
10.2
41.6
23.4
48.2
35.3
12.9
12.2

297.1
241.6
10.8
44.7
25.9
49.8
36.6
13.2
12.2

312.1
252.9
10.9
48.3
28.2
50.6
37.6
13.0
12.3

281.1
228.9
10.0
42.2
23.6
48.5
35.7
12.8
12.2

286.8
233.2
10.8
42.8
23.9
49.6
36 3
13.3
12.2

291.2
236.5
11.1
43.6
25 4
50.0
36 3
13 7
12. 2

296.6
241.5
11 0
44.1
25 8
49 9
36 6
13 3
12.2

299 2
243.5
10 7
45.0
26 1
49 7
36 7
13 0
12.2

301 6
244.8
10 5
46 3
26 4
49 7
36 9
12 8
12.2

305 3
247.5
10 6
47 2
27 4
50 3
37 1
13 2
12.3

310 1
251.6
10 7
47 8
27 9
50 1
37 3
12 8
12.3

314 3
255.0
10 7
48 7
28 4
50 7
37 8
12 9
12.4

318 8
257.6
11 7
49 6
28 8
51 5
38 3
13 2
12.4

323 2
260.8
11 7
50 7
29 4
51 2
38 6
12 6
12.4

328 7
265.3
11 7
51 7
29 9
51 7
39 1
12 6
12.4

334 4
269.4
11 8
53 2
30 4
52 1
39 6
12 6
12.4

44.1

48.4

50.8

44.0

49.0

47.1

48 0

48 3

50 3

49 1

50 2

51 4

53 1

56 4

57 9

Corporate profits before tax, total..
do...
Corporate profits tax liability
__do. _
Corporate profits after tax. . _ _ . do _
Dividends
do
Undistributed profits
do
Inventory valuation adjustment
do

44.2
22.3
21.9
15.2
6.7
—.1

48.2
23.2
25.0
16.5
8.5
.3

51.3
24.6
26.7
18.0
8.7
-.4

44.3
22.3
22.0
15.1
6.9
— 3

49.3
24.8
24.5
15 7
88
— 3

47.2
22.7
24 5
16 1
84
_ i

47 9
23.0
24 9
16 4
85

48
23
25
16
8

49
23
25
17
8

48
23
25
17
8

51
24
26
17
8

51
24
26
17
8

54 3
26 0
28 3
19 1
9 2
12

56 6
25 4
31 2
19 4
11 8

57
96
31
19
12

20 1

22 1

24 4

20 4

20 9

21 3

21 8

22 3

National income total f

_

Compensation of employees, total. _

Net interest

--

Gross national product, totalf

do
__ do .

o

1
1
0
5
5
1

4
8
7
1
6
9

99 Q

9
4
5
2
3
2

90 c

1
5
6
7
9
g

94 n

3
5
7
9
9
2

o

9
o
9
8
1
j

i

94 7

518 7

556. 2

583 9

522 4

536 9

545 5

553 4

559 0

566 6

571 8

577 4

587 2

CQQ n

P.08 8

fi1 8 fi

Personal consumption expenditures, total.. do

337. 3

356.8

375.0

339.1

345.2

350.5

354.0

358.5

364.0

369.2

372.0

377.4

381.3

390.0

396.1

404.5

Du r able goods, total 0
do
Automobiles and pajts _ _ ._
do
Furniture and household equipment-.-do
Nondurable goods, total©
do
Clothing and shoes...
do
Food and alcoholic beverages
do
Gasoline and oil . __
do
Services, total ©
do
Household operation
do
Housing
do
Transportation
do

43 7
17 1
19.3
155.4
28 7
81 3
11 9
138 3
20 4
44 2
10 7

48 4
20 6
20.2
162.0
29 9
84 6
12 3
146 4
21 6
46 5
11 3

52 1
22 7
21.4
167.5
30 7
87 1
12 8
155 3
22 7
48 9
11 7

44 3
17 4
19.5
.155.7
28 7
81 4
11 9
139 1
20 6
44 4
10 7

46 0
18 6
19.9
157.8
29 4
82 2
12 0
141 4
20 9
45 0
10 8

47 4
19 7
20.1
159.5

47 7
20 3
19.9
161.0
29 7
84 1
12 2
145 3

48 4

rn 9

20 5
20.3
162.9
30 0
85 2
190

91 8

20.8
166.0
on A

21.0
166.6

22.3
168.9

23.1
172.9

24.2
175.3

24.1
179.2

158. 8

161. 1
23. 5

163. 8
24.0
51. 1
12. 2

13. 6
166.5
24. 6
51. 8
12.3

do

68.8

79.1

82.0

71.3

New construction
_
Residential nonf arm,. ...
Producers' durable equipment
Change in business inventories
Nonfarm
.

do
do
do
do
do

41 0
21 1
25^9
19
15

44 2
23 6
29.0
59
53

46 6
95 2
31.0
4 4
39

Net exports of goods and services
Exports
Imports

do
do
do

4.6
27 6
23 o

4.0
29 2
25 2

4.4
30 7
26 3

97 8

108.0
57.4
49 0
50 6

116.3
62.9
53 6
53 5

516 8
257 9
94 5

550 3
273 6
102 3

Gross private domestic investment, total

Govt. purchases of goods and services, totaL.do
Federal (less Government sales)
do_
National defense 9
.
" do
State and local
do
By major type of productrf
Final sales, total
Goods, total
Durable goods.
Nondurable goods
Services
Construction

do
do
do
do
do
do

Ico A

200 8
58 1

1 71 P.
914 7

62 0

1 4°. fi
91 ?>

91 °.

on 9

85 9
i9 c

99

QC

A

Of!

Q

58. 8

/>

21.6
168.6
87 °.

1 47 9

91 7

45 6
11 1

46 2

74.9

77.4

78.9

41 3
21 5
26.3
37
33

41 9
22 i
27.4
56
5 2

49 ^
22 5
28.1
6 9
6 A

23 5
28.8
6 1

29.6

29.7

29.6

4.2

4.3

3.4

4.3

4.4

23 7

24 1

94 K

3.9
29. 4

3.4
28. 8
25. 4

122.6
64.7
55 2
57 9

107.9
57.1
48 6
50 9

112.6
59.8
50 9

114.3
61.4

116.1
63.6
55 S

115.9
62.4

118.7
63.8

579 5

ri Q 7

00 C

0

108 2

QC

9

11. 8

12. 0

82.8

87.1

85.9

87.2

86.5

45. 9

79.9

80.2

47, 2

30.7

31.4

48. 3
26. 2
32.4

3. 2

80.2

3. 7

6. 0

49. 2
26. 9
34.2
2. 5
2. 2

48.9
26.2
34.6
3. 7
3. 4

49. 1
25.7
35.7
1. 7
1.6

4.3
30.5
26. 3

4.2
31.0
26. 8

5.8
32.6
26.9

7.7
34.5
26.8

5.7
33.7
27.9

6.5
35.6
29.2

121.4
65.1

120.9
64.3
56. 7

122.8
64.4
55. 5
58. 4

124.8
64.9
55. 3
59.9

125.2
64.3
54.0
60.9

129.6
67.1
57.0
62.5

130.0
66.0
55.7
64.0

568.2
280.9
105.0
175.8
224.7
62.7

573.7
286.5
111.0
175.5
223.5
63.7

583.0
285.7
106.6
179.1
231.2
66.2

592.6
290.3
110.4
179.9
234.5
67.8

606.4
298.2
114.3
183.9
239.6
68.6

614.9
304.3
119.0
185.4
241.7
68.9

77.9

94 4

c -i

c c

273. 5
168. 7

170. 0
212. 2

273. 9
101. 4
172. 6
216. 8
63. 2

6.9
3.9

6.1
3.1

5.1
3.1

A

998 4
ce 9

n

56. 3

K9 c

ro o

Inventory change, total
do
5.9
4.4
1.9
3.7
5.6
Durable goods
do
3. 0
2. 2
2.3
3.6
Nondurable goods
"do
2 2
9 n
2 0
29
14
.
.
.
' Revised v Preliminary. fRevised series. Estimates of national income and product
and personal income have been revised back to 1961 (see p. 8 ff. of the July 1964 SURVEY);
revisions prior to May 1963 for personal income appear on p. 15 of the July 1964 SURVEY




9Q Q

83 2
12 2

20.6
164.4

561. 2
278.2
104. 1
174.1
220.0
63.0

5.4
3.6
3. 6
1.8
1.5
2.7
3. 6
2. 0
.9
^Includes inventory valuation adjustment.
9 Government sales are not deducted.

4.2
1.5
2.7
©Includes

6.4
2.5
3.7
3.0
.7
2.5
3.4
1.8
1.2
data not shown separately.

s-1

October 1964

SUEVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1961

| 1962 | 1963

Annual total

1961
IV

1963

1962
I

II

III

IV

I

II

1964

III

IV

I

II

III

P518. 2

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product totalf
Ml. $

447.9

476.4

492.6

462.5

469.1

475.1

478.3

483.0

485.4

487.9

494.8

502.0

508.0

513 5

Personal consumption expenditures, total do

303.8

318.5

330.6

310.0

314.2

316.6

319.8

323.6

327.0

328.6

332.4

334.4

340.9

345.0

41.4
143.5
118.9

45.7
148.3
124.5

49.3
151.6
129.7

43.7
145.6
120.8

44.8
146.6
122.7

44.9
147.8
123.8

45.6
149.1
125.0

47.6
149.5
126.5

48.5
150.7
127.8

48.6
151.1
128.9

49.4
152.5
130.6

50.8
152.1
131.6

53.1
155.2
132.6

54.0
157 4
133.7

Durable goods
Nondurable goods
Services

do
do
do

Gross private domestic Investment, total
New Construction
Producers' durable equipment
Change In business Inventories
Net exports of ffoods and services

do

57.4

65.9

67.7

62.7

64.8

65.8

66.3

66.5

64.7

66.2

68.1

71.7

70.1

70.8

do
do__ _
do

34.3
21.4
1.7

36.7
24.0
5.2

37.9
25.6
4.1

35.2
22.7
4.8

35.5
23.2
6.1

36.6
23.8
5.4

37.5
24.4
4.4

37.0
24.7
4.9

36.8
24.6
3.4

37.5
25.4
3.3

38,2
25.9
4.0

39.0
26.8
5.9

39.6
28.1
2.4

39 2
28.3
33

do

Govt. purchases of goods and services, total- do .
Federal
do
State and local
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal Income total
bll. $
"Less* Personal tax and nontax pavments
do
Equals' Disposable personal Income
do ...
Personal saving §
_ __ do
NEW PLANT AND EQUIPMENT
EXPENDITURES
readjusted quarterly or annual totals:
All Industries
bll. $

2.5

2.2

2.2

2.1

1.3

2.8

2.8

2.1

1.3

2.1

2.0

3.5

5.4

3 4

84.3
44.8
39.4

89.8
49.4
40.3

92.1
49.7
42.4

87.7
47.0
40.7

88.8
48.4
40.4

89.9
50.2
39.8

89.4
49.2
40.2

90.7
49.9
40.9

92.4
50.7
41.8

91.0
49.4
41.7

92.3
49.6
42.7

92.4
48.9
43.4

91.6
47.8
43.8

94.3
49 8
44.5

417.6
52.9

442.4

464.1
61.6

428.6

434.7

441.0
57.6

460.2

466.3

474.5
63.3
411.2

480 9
61.4
419. 5

487 9
56 6
431.3

^494 5

404.4

29 5

35.2

?32 2

57.9

402.5

54.4
374. 2

27.8

27.5

29.1

28.0

364.7

384.6

27.3

56.1

378.5

444.5

449.7

383.4

386.0

390.4

60.1
395.1

61.1
399.1

29.4

27.5

26.4

25.9

27.1

27.0

29.9

58.5

59.3

455.2

61.9

?57 8

p436 7

34.37

37.31

39.22

9.54

8.02

9.50

9.62

10.18

8.25

9.74

10.14

11.09

9 40

11.11

ill 28

2 12.43

Manufacturing
Durable goods Industries
Nondurable goods Industries

do
do
do _

13.68
6.27
7.40

14.68
7.03
7.65

15.69
7. 85
7.84

3.88
1.79
2.09

3.14
1.44
1.69

3.69
1.77
1.92

3.72
1.79
1.93

4.13
2.03
2.10

3.27
1.62
1.65

3.92
1.96
1.95

3.95
1.96
1.99

4.56
2.31
2.25

3 79
1.93
1.87

4.53
2.30
2.23

4 64
2 31
2 33

5.30
2.66
2.64

Mining
_
"Railroads
Transportation, other than rail
Public utilities
Communications
Commercial and other
_ _

do
do
do. _
do
do
do

.98
.67
1.85
5.52
3.22
8.46

1.08
.85
2.07
5.48
3.63
9.52

1.04
1.10
1.92
5. 65
3.79
10.03

. 26
. 16
. 50
1.54
.88
2.32

.26
.16
.47
1.06
.88
2.06

.27
.26
.60
1.37
.93
2.37

.28
.24
.50
1.54
.87
2.48

.27
.20
.50
1. 52
.95
2.60

.24
.21
.39
1.04
.85
2.26

.26
.28
.54
1.40
.95
2.41

.27
.29
.45
1.60
93
2.64

.28
.33
.54
1.61
1 06
2.72

.26
32
.51
1 18
97
2.37

.29
.36
.63
1.58
1.10
2.61

29
34
56
1 63

. 28
.44
.61
1.69

33.81

34.11

do

35.40

35.70

36.95

38.35

37.95

36.95

38.05

40.00

41.20

42.55

43.50

144.55

246.15

do

14.00
6.40
7. 60

14.20
6.55
7.60

14.45
6.95
7.50

15.05
7.25
7.80

15.00
7.30
7.70

14.85
7.35
7.50

15.30
7.65
7.65

15.95
8.00
8.00

16. 45
8.30
8.15

17.40
8.85
8.55

17.80
9.00
8.80

18.70
9.35
9.35

19.05
9.50
9.55

1.00
. 60
1.95
5.55
3.35
9.00

1.15
.70
2.05
5.15
3.70
8.75

1.05
.95
2.25
5.40
3.65
9.25

1.10
1.00
2.00
5.75
3.60
9.85

1.00
.80
1.90
5.45
3.60
10.20

1.05
.90
1.70
5.20
3.55
9.65

1.00
1.00
2.05
5.45
3.65
9.65

1.05
1.20
1.85
5.90
3.85
10.20

1.05
1.35
2.10
5.80
4.05
10.45

1.15
1.40
2.30
5.95
4.05
10.25

1.15
1.25
2 25
6.30
4.30
10.45

1.15
1.40
2.25
6.00

1.10
1.90
2.45
6.00

315.10

3 15. 60

Seas. adj. qtrly. totals at annual rates:
A 11 industries
Durable goods Industries
Mining
Railroads
Public utilities
ooimm rued, ion

do
do
_

do

BUSINESS POPULATION
Firms In operation, end of quarter (seasonally adU.S. BALANCE OF INTERNATIONAL
PAYMENTScft
Quarterly Data are Seasonally Adjusted
U S pavments recorded
mil $
Imports:
Merchandise
Military expenditures

do
do

< 4, 713

<4,755 4 4, 797

4,770

4,780

4,790

4,800

4,815

4,825

4,835

4,850

4,860

4,875

4,895

31, 791

33, 486

35, 990

8,616

8,447

8,151

8,312

8,576

8,724

9,713

8,482

9,071

9,219

9,742

14, 497
2, 954
5,401

16, 134
3, 044

3,881
714
1,389

3,948

4,058

4,088

4,040

4,037

4,212

4,368

4,379

4,366

4,576
701

5,843

16,996
2,897
6,442

1,702

174
1, 206

187
1, 074

189
1, 065

758
1,412

749
1,462

745
1,465

792
1,504

1,543

1,588

1,654

1,657

1,662

177
1, 066

185
1, 088

209
1, 060

209

206
1, 009

202

197

208

Remittances and pensions
do
Govt. grants and capita] outflows.. _._ .do

705
4, 054

738
4, 293

826
4, 522

U S private capital (net)
Direct investments
Long-term portfolio
Short-term

4,180
1,599
1,025
1,556

3,434

4,307

1,888
1 , 685
734

1,252
377
445
430

1,068
260
390
418

628
446
303
-121

771
417
208
146

967
531
326
110

1,128
618
546
-36

1,637
477
598
562

534
235
303
-4

1,008
558
238
212

1,354
517
227
610

1,395
513
261
621

do

30, 419

32, 394

33, 685

7,717

7,706

7,925

8,408

8, 355

7,780

8,429

8,596

8,880

9,326

9,040

Exports:
Merchandise
Services and military sales

do
do

19,913
8,525

20, 576

21,989
10,031

5,121
2,187

5,032

2,574

4,990
2,545

5,472
2,505

2,427

5,917

6,112

2,339

5,019

2,198

5,237
2,397

5, 288

9,508

2,554

2,885

6,042
2,756

Repayments on U S Govt loans
oreigncapia
an qui

do

1,274
707

1,280
1 030

969
696

196
213

150
326

237
54

606
175

287
475

166
79

190
262

424
135

189
220

216
113

188
54

— 1 372 — 1 092
-998 — 1,111

9 305

—899
-332

— 741
—7

—226

—339

-214

96
-430

—221
-460

—944
-118

—1 984
-11

114
-267

—191
57

107
-192

— 702
-31

— 1 231

— 748

—440

— 334

—681

—1 069

—1 295

—153

134

-85

-733

-712

-1,143

-109

-85

-611

U S receipts recorded

Unrecorded transactions (net)

do
do
do
do ...

do

— 2 370
Total net receipts or payments ( — )
do
Net receipts or payments (— ), incl. transactions in
nomnarketabie, medium-term convertible Govt.
securities
mil. $..
r

1,654
1,227
553

— 2 203

9 644

-1,942

Revised.
*>Preliminary.
1 Estimates for July-Sept. 1964 based on anticipated capital expenditures of business.
2
Estimates for Oct.-Dec. 1964 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1964 are as follows (in bil. $): All industries, 44.21;
manufacturing, total, 18.27; durable goods industries, 9.19; nondurable goods industries,
 1.12; railroads, 1.46; transportation, 2.31; public utilities, 6.07; commercial and
9.08; mining,
3
http://fraser.stlouisfed.org/
other (incl. communications), 14.98.
Includes communications.

Federal Reserve Bank of St. Louis

5,610

< Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1,1963
is based on incomplete data. fSee corresponding note on p. S-l (revisions for earlier qtrs. of
1961 appear on p. 8 ff. of the July 1964 SURVEY). ^
§Personal saving is excess of disposable income over personal consumption expenditures
shown as a component of gross national product orj p. S-l.
cfMore complete details are given in the quarterly reviews in the Mar., June, Sept.
and Dec. issues of the SURVEY.
1 Revisions for 1960-2d qtr. 1961 appear on p. 10 of the June 1964 SURVEY.

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