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SURVEY OF CURRENT BUSINESS

October 1967

NATIONAL INCOME AND PRODUCT TABLES
1966
1965

1966

II

III

I

IV

II

1967

1966

1967
ILL'

m

1966

II

III

IV

I

II

III'

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Billions of 1958 dollars

Billions of current dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product

683 9

743 3

736 7

748 8

762 1

766 3

775.1

790.1

616.7

652.6

649.3

654.8

661.1

660.7

664.7 671.6

Personal consumption expenditures

433 1

465 9

461 6

470 1

473 8

480 2

489.7

495.8

398 4

418.0

415.2

420.4

420.4

424.2

430.6

66 0
191 2
175 9

70 3
207 5
188 1

68 2
207 1
186.3

70 9
209.5
189.8

70 6
210 3
192.9

69 4
214.2
196.6

72 5
217 2
200.0

73 0
219 0
203.8

66.4
178.9
153.2

71.3
187.7
159.1

69.3
187.7
158.2

71.9
188.8
159.8

71.1
188.4
160.9

69.7
191.8
162.6

72.9
193.6
164.1

107 4

118 0

118 5

116 4

122 2

110 4

105.1

109.8

98.0

105.6

106.5

103.6

108.4

96.9

91.3

98 0

104 6

104 5

104 9

103 7

103.3

104 6

108 2

89.1

93.0

93.1

93.0

91.2

90.2

90.9

Nonresidential
Structures.
Producers' durable equipment. .

71 1
25 1
46.0

80 2
27 9
52.3

78 7
27 5
51.2

81 2
28.2
53.1

82 8
27.7
55.1

81 9
27.7
54.2

81 5
26.3
55.2

82 9
26.4
56.5

66.0
21.9
44.1

72.8
23.6
49.2

71.7
23.4
48.3

73.6
23.7
49.9

74.2
23.0
51.2

73.0
22.9
50.1

72.6
21.7
51.0

Residential structures.
Nonfarm
Farm

27 0
26 4
5

24.4
23 8
5

25.8
25 3
.5

23.7
23 2
.5

20.9
20 4
.5

21.4
20 9
.6

23.1
22 5
.6

25.4
24 8
.6

23.2
22.7
.5

20.2
19.7
.5

21.4
21.0
.5

19.4
19.0
.5

17.0
16.5
.5

17.3
16.8
.5

18.3
17.8
.5

9 4
8 4
10

13 4
13 7
3

14 0
14.4
— 3

11 4
12.0
— 5

18.5
19.0
— 5

7.1
7.3
— 2

.5
.6
— 1

15
1.1
4

8.8
7.9
.9

12.6
12.9
-.3

13.4
13.7
-.3

10.6
11.1
-.5

17.2
17.7
-.5

6.7
6.8
-.2

.4
.5
-. 1

Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment

._

Change in business inventories
Nonfarm
._
Farm
..

Exports
Imports .
Government purchases of goods and services

_ ._

6.9

5.1

5.4

4.6

4.3

5.3

5.3

5.6

6.0

4.4

4.8

4.1

3.2

4.1

4.1

39 1
32 2

Net exports of goods and services

43 0
37 9

42 5
37 1

43 7
39.0

44 0
39.7

45 3
39.9

45 1
39 8

45 8
40 2

37.5
31.5

40.8
36.4

40.4
35.6

41.4
37.3

41.2
38.0

42.4
38.3

42.3
38.2

136 4

154 3

151 2

157 7

161 7

170 4

175.0

178.9

114.3

124.5

122.7

126.6

129.1

135.5

138.7

Federal .
National defense
Other

66 8
50 1
16.7

77 0
60.5
16.5

74 9
58 4
16.6

79 5
63.0
16.6

81 5
65.6
15.9

87 1
70.2
16.8

89 5
72 5
17.0

91 4
73.9
17.5

57.8

64.7

63.4

66.4

67.8

72.3

74.4

State and local

69 6

77 2

76 2

78 1

80 2

83 3

85 4

87 6

56 4

59 9

59 4

60 1

61 3

63 2

64 3

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
683 9

743 3

736 7

748 8

762 1

766 3

775 1

790 1

616 7

652 6

649 3

654 8

661 1

660 7

664.7 671.6

674 5
9 4

729 9
13.4

722 6
14 0

737 4
11.4

743 6
18 5

759 2
71

774 6
5

788 6 607 8
15
88

639 9
12 6

635 9
13.4

644 2
10.6

643.9
17.2

654.0
6.7

664 3
.4

346 6

379 6

375 7

381 8

391 7

388 1

392 1

330 0

353 7

351 0

354 7

361 1

356 6

359 5

337 2
9.4

366 2
13.4

361 7
14 0

370 3
11 4

373 2
18 5

380 9
71

391 6
5

321 2
88

341 0
12 6

337 6
13 4

344 1
10 6

343 9
17.2

349.9
6.7

359 1
.4

Durable goods.. _
Final sales. _
Change in business inventories

139 5
132 8
6 7

154 6
144 7
99

151 4
141 6
9 7

155 7
145 8
99

161 1
148 3
12 8

153 9
150 5
34

155 5
156 0
— 6

136 3
129 8
6 5

150 0
140 6
93

147 3
138 0
93

150 8
141 6
92

154 2
142 3
11.9

146 6
143 6
3.0

148 3
148 9
— 6

Nondurable goods
Final sales
C hange in business inventories

207 1
204 4
2.7

225 0
221 5
3.5

224 4
220 1
43

226 1 230 6
224 5 224 9
15
57

234 2
230 5
37

236 6
235 5
1* 1

193 7
191 4
2 3

203 7
200 4
33

203 7
199 7
41

203 9 206 9
202 5 201 6
5.3
14

210 0
206 3
3.6

211 2
210*2
10

262 9

287 2

296 9

303 1

307 8

222 3

235 2

233 5

237 9

239 8

242 7

244 4

76 5

283 5
77 4

291 6

74 4

75 5

73 5

75 2

75 2

64 4

63 7

64 7

62 2

60 2

61 3

60 8

Gross national product
Final sales
Change in business inventories
Goods output
Final sales
Change in business inventories -

Services

... .

Structures..- _ _ _

15

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product .
Private

.

Business
Nonfarm
Farm
Households and institutions
Rest of the world. .
General government.
" Preliminary.




683 9

743 3

736 7

748 8

762 1

766 3

775 1

616 7

652 6

649 3

654 8

661 1

660 7

664 7 671 6

616 1

666 7

661 5

670 6

681 9

683 9

690 9

565 9

597 5

594 8

599 0

604 2

602 7

606 0

593 4
569.8
23 6

642 4
617.6
24 8

637 6
612.8
24 8

646 2
621.6
24 6

656 9
633.0
23 9

658 7
635.1
23 6

665 3
641.9
23 3

547 8
524.2
23 6

578 9
556.4
22 4

576 3
554.4
22 0

580 2
558.0
22 2

585 1
562!?
22 4

583 6
559.9
23 7

586 6
563 0
23 6

18.5

20.1

19.7

20.3

20.6

21.1

21.4

14.0

14.7

14.4

14.8

14.9

15.1

15 3

4 2

42

42

41

4 4

41

4 2

41

4 0

41

40

4 3

40

4 0

67 8

76 6

75 1

78 2

80 2

82 5

84 2

50 8

55 0

54 4

55 8

56 9

57 9

58 7

790 1

CURRENT BUSINESS STATISTICS

1.HE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT 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.
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS

1965

1966

1964

Annual total

1965
IV

III

I

II

1966

III

| IV

I

Seasonally adjusted quarterly

1967

IV

III

II

I

II

III v

iotals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
bil. $__

Durable goods total 9
Automobiles a n d parts _ _ _ - _ _ - _ _
Furniture and household equipment
Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil
_ _ _
Services, total 9Household operation
Housing
Transportation

~

-

-

_

-

-

683.9

743.3

638.9

645.1

662.7

675.4

690.0

708.4

725.9

736.7

748.8

762.1

766.3

775.1

790. 1

401.2

433.1

465.9

406.6

408.9

420.2

428.1

436.4

447.8

458.2

461.6

470.1

473.8

480.2

489.7

495.8

do
- do_ _
do

Personal consumption expenditures, total

632.4

do

Gross national product, totalf

59.2
25.8
25.0

66.0
29.9
27.0

70.3
29.8
29.9

60.7
26.9
25.1

58.7
24.6
25.6

65.2
30.4
25.8

64.2
29.2
26.1

66.1
29.8
27.3

68.6
30.3
28.9

71.6
31.4
29.4

68.2
28.5
29.1

70.9
29.8
30.6

70.6
29.6
30.6

69.4
27.3
31.4

72. 5
29.7
31.9

73.0
29.8
31.9

178.7
33.5
92 9
14.0

191.2
36.1
99 0
15.1

207.5
40.3
106 7
16.2

181.3
34.2
94 0
14.1

182.9
34.5
95 1
14.3

184.6
34.6
95 6
14.3

189.8
35.6
98 3
15.1

192.4
36.2
99 4
15.3

198.0
37.8
102 5
15.7

203.2
39.5
105 2
15.8

207.1
39.8
107 0
16.2

209.5
41.0
107 3
16.3

210.3
40.8
107 2
16.6

214. 2
41.5
109 3
17.1

217.2
43.2
110. 1
17.5

219. 0
43.7
111 0
17.7

163.3
24.3
59.3
11.6

175.9
25.7
63 6
12.6

188.1
27.0
67 1
13.6

164.6
24.5
59 8
11.7

167.3
24.5
60 8
11.8

170.4
24.7
61 9
12.0

174.2
25.5
63 2
12 5

177.8
26.1
64 2
12.8

181.2
26.5
65 3
13.1

183.5
26 1
66 2
13 2

186.3
26.9
66 5
13.5

189.8
27.4
67 4
13.7

192.9
27.7
68 5
14.0

196.6
27.8
69 6
14.4

200.0
28.1
70.6
14.6

203. 8
28.1
71 9
14.8

do ...
do
do
do_ _ _
_ _

do
_do
do
do

94.0

107.4

118 0

94.2

97.9

105 1

105 1

108.2

112.3

115 2

118.5

116.4

122.2

110.4

105.1

109.8

88.2
61. 1
21 2
39.9
27.1
26.6
5.8
6 4

98 0
71.1
25 1
46.0
27.0
26.4
9.4
8 4

104 6
80.2
27 9
52 3
24.4
23 8
13.4
13 7

89 4
62.4
21 4
41.0
27.0
26.5
4.8
56

90 2
63.4
21 8
41.6
26.8
26.3
7.7
8 1

94 4
67.3
23 1
44.1
27.2
26 6
10.6
10 1

96 3
69 3
24 7
44 6
27.0
26 5
8.8
7 9

98 8
71.9
25 1
46.8
26.9
26 4
9.4
7 9

102 4
75.7
27 3
48 3
26.8
26 2
9.9
8 7

105 3
78 3
28 3
50 0
27.0
26 5
9.9
9 6

104 5
78.7
27 5
51.2
25.8
25.3
14.0
14 4

104 9
81.2
28 2
53.1
23.7
23.2
11.4
12 0

103 7
82.8
27 7
55. 1
20.9
20.4
18.5
19.0

103.3
81.9
27 7
54.2
21.4
20.9
7.1
7.3

104.6
81.5
26.3
55.2
23.1
22.5
.5
.6

108. 2
82.9
26 4
56.5
25.4
24.8
1.5
1. 1

__ do
do
do

8.5
37.1
28.6

6.9
39 1
32.2

5.1
43 0
37.9

8.7
37.5
28.8

8.5
38.3
29.8

6.1
35 1
28.9

8.2
40 7
32.6

7.4
40 3
32.9

6.1
40 5
34.4

6. 1
42 0
36.0

5.4
42.5
37.1

4.6
43.7
39.0

4.3
44.0
39.7

5.3
45.3
39.9

5.3
45.1
39.8

5.6
45.8
40.2

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

128.7
65.2
50.0
63.5

136.4
66 8
50.1
69.6

154.3
77 0
60.5
77.2

129.4
65.2
49.8
64.3

129.8
64.5
48.9
65.3

131.3
64 3
48.4
66 9

133.9
65 4
49.2
68 6

138.1
67 6
50.3
70 4

142.3
69 8
52 4
72 5

146.5
72 1
55. 1
74 3

151.2
74.9
58.4
76.2

157.7
79.5
63.0
78.1

161.7
81.5
65.6
80.2

170.4
87.1
70.2
83.3

175.0
89.5
72.5
85.4

178.9
91.4
73.9
87.6

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

626.6
313 6
122.8
190.7
244 2
68 8

674.5
337 2
132 8
204.4
26? 9
74 4

729.9
366 2
144 7
221.5
287 2
76 5

634. 1
318 5
124 9
193.5
246 5
69 2

637.4
317 9
123 3
194. 7
250 1
69 3

652.0
325 9
129 6
196.3
254 6
71 6

666.5
332 8
130 0
202.9
260 1
73 6

680.6
340 2
133 9
206.3
266 0
74 4

698
349
137
212
271
77

716
359
143
216
276
79

0
g
2
4
6
9

722.6
361 7
141 6
220. 1
283 5
77 4

737.4
370 3
145 8
224.5
291 6
75 5

743.6
373 2
148.3
224.9
296 9
73 5

759.2
380 9
150.5
230.5
303 1
75.2

774.6
391.6
156.0
235.5
307.8
75.2

788. 6

5.8
4 2
1.6

9.4
6 7
2.7

13.4
9 9
3.5

4.8
4 2
.6

7.7
4 5
3.2

10 6
8 7
2.0

88
7 0
1.8

9 4
71
2.3

9 9
5 0
4.9

9 9
7 4
2 5

14.0
9 7
4.3

11.4
9 9
1.5

18.5
12 8
5.7

7.1
34
3.7

.5
-.6
1.1

1.5

bil. $_.

581.1

616.7

652.6

585.8

588.5

601.5

609.7

620.7

634.4

645.4

649.3

654.8

661.1

660.7

664.7

671. 6

do

373.7

398.4

418.0

378.6

379.3

389.1

394.1

400.7

409.9

416.2

415.2

420.4

420.4

424.2

430.6

do
do
do

59 0
170 3
144 4

66 4
178 9
153 2

71 3
187 7
159 1

60 4
172 8
145 3

58 7
173 5
147 1

65 0
174 7
149 4

64 1
178 0
152 0

66 8
179 3
154 6

69 5
183 6
156 8

73 0
185 8
157 3

69 3
187 7
158 2

71.9
188 8
159 8

71.1
188 4
160 9

69 7
191 8
162 6

72.9
193.6
164.1

do

87 8

98 0

105 6

87 6

90 8

95 9

95 9

98 3

101 6

104 0

106 5

103 6

108 4

96 9

91.3

do
do
do
do

81
57
24
5

9
8
2
8

89 1
66 0
23 2
88

93
72
20
12

82
58
23
4

83
59
93
7

86
62
23
9

87
64
93
8

9
5
4
0

89 6
66 7
93 Q
8 7

92
69
22
9

94
71
22
9

93
71
21
13

93
73
19
10

91.2
74 2
17 0
17 2

90.2
73 0
17 3
6 7

90.9
72.6
18.3
.4

8 3

6 0

6 8
mq
57 1
55. 8

1 1r q

Gross private domestic investment, total

do

Fixed investment
do
Nonresident ial
do
Structures
do
Producers' durable equipment
do
Residential structures
_ _
_ _ _ _ do __
Nonfarm
do
Change in business inventories.-- _ _ _ _ _do_ __
Nonfarm
do
Net exports of goods and services
Exports
Imports

Change in business inventories..
Durable goods
Nondurable goods.

-

_
.

_

_ _ _

do.
do
do
do_ _
do
do
do
do
do

5
9
9
0
0
6

GNP in constant (1958) dollars
Gross national product, totalf
Personal consumption expenditures, total
Durable goods
_ _ _ _ _ _
Nondurable goods
Services
Gross private domestic investment, total
Fixed investment
... Nonresidential
Residential structures
Change in business inventories
Net exports of goods and services

do

Govt purchases of goods and services total
Federal
State and local . . .

do
do
do

111 2
58 1
53.2

114 3
57 8
56.4

0
8
2
6

4 4
124 5
64 7
59.9

8
9
9
8

8 4
111 2
57 8
53.5

7 9
110 5
56 7
53.8

r
Revised.
f Preliniinary.
f Revised series. Estimates of national income and
product and personal income have been revised (see p. 13 fT. of the July 1967 SURVEY for
data beginning 1964; for data prior to 1963, see p. 11 ff. of the July 1966 SURVEY); revisions

276-422 O - 67 - 3




2
7
5
6

6
9
7
3

59
111 3
56 3
55. 0

6 4
58 5
56.7

4
7
6
2

56

m

5
8
8
5

5 4

A

-I 1 Q Q

59 3
58.0

61 2
58.7

1
7
4
4

4 8
122 7
63 4
59.4

0
6
4
6

4 i

32

4 1

4.1

126 6
66.4
60.1

129 1
67.8
61.3

135 5
72.3
63.2

138 7
74.4
64.3

prior to May 1966 for personal income appear on D. 21 of the July 1967 SURVEY and those
for periods prior to 1963 on p. 18 ff. of the July 1966 SURVEY.
9 Includes data not shown
separately.

s-1

SURVEY OF CURRENT BUSINESS

8-2
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS

1964

1965

1966

1964
IV

Annual total

October 1967
1966

1965
I

II

IV

Ill

I

1967
IV

III

II

I

II

IIlp

472.3
425.9
339. 0
16.3
79.6
46.3
58.8
43.8
15.0
20. 2

IV

GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income totalf
bil $
Compensation 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
bil $
By broad industry groups: •
Financial institutions
do
Manufacturing, total

do

Durable 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
Undistributed profits
do
Inventory valuation adjustment
do
Net interest
do
DISPOSITION OF PERSONAL INCOMEf
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 OP INTERNATIONAL
PAYMENTSd"
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $..
Merchandise, adjusted, excl. military
do
Military sales
_ ___
do .__
Income on U.S. investments abroad _
do
Other services __
do
Imports of goods and services
do
Merchandise, adjusted, excl. military
do
Military expenditures
do _._
Income on foreign investments in the U.S. -do
Other services
do
Unilateral transfers, net (excl. military grants);
transfers to foreigners ( — )
mil $
Transactions in U.S. private assets, net; increase
(-)
mil. $.
Transactions in U.S. Govt. assets, excl. official

518.1
365.7
333.7
269.4
11.7
52.6
32.0
52.3
40.2
12.1
18.0

562.4
393.9
359.1
289.8
12.1
57.1
34.9
56.7
41.9
14.8
19.0

616.7
435.7
394.6
316.7
14.7
63.2
41.1
59.3
43.2
16.1
19.4

530.4
375.8
342.7
276.5
11.9
54.3
33.1
53.3
40.6
12.6
18.4

544.9
381.5
347.7
280.8
11.8
55.1
33.8
55.0
41.4
13.6
18.6

555.3
388.6
354.2
286.2
11.7
56.3
34.5
56.7
41.7
15.0
18.9

566.5
397.2
362.0
292.1
12.1
57.8
35.2
57.2
42.0
15.2
19.1

582.8
408.4
372.4
300.0
13.1
59.4
36.0
57.8
42.5
15.3
19.2

600.3
420.8
381.3
306.9
13.6
60.7
39.5
60.0
42.8
17.1
19.2

610.4
430.7
390.2
313.8
14.2
62.2
40.5
59.3
43.3
16.0
19.3

622.1
441.2
399.6
320.1
15.1
64.3
41.6
59.2
43.3
15.9
19.4

634.1
450.2
407.4
326.1
15.8
65.6
42.7
58.6
43.4
15.1
19.6

636.4
459.1
414.7
331.4
16.1
67.3
44.4
57.8
43.2
14.6
19.8

641.6
463.4
418.3
333.2
16.2
68.9
45.2
57.8
43.4
14.3
20.0

66.3

74.9

82.2

66.4

72.6

73.4

74.9

78.7

81.1

81.3

81.9

84.6

78.1

78.3

7.9
58.4
32.7
14.9
17.8

8.4
66.5
38.7
16.5
22 2

9.3
72.9
43.1
18.7
24.4

8.0
58.5
32.4
15.3
17.2

8.2
64.4
37.5
15.9
21.6

8.4
65.0
37.7
16.0
21.6

8.4
66.5
38.6
16.5
22.1

8.6
70.0
41.0
17.4
23.7

8.9
72 2
42! 7
18.3
24.3

9.0
72.2
42.5
18.5
24.0

9.5
72.4
42.7
18.8
23.9

9.6
75.0
44.4
19.2
25.3

9.6
68.5
39.6
18.4
21.1

9.5
68.8
38.9
17.8
21.1

10.1
15.5
66.8
28.3
38.4
17.8
20.6

11.9
18.0
83.8
34.5
49.3
21.5
27.8
—1 6
20 2

10.3
15.7
67.4
28.6
38.8
18.3
20.5
—1 0
16.6

10.6
16.3
74.0
30.3
43.7
18.7
25.0
—1 4
17.1

10.9
16.5
75.6
30.9
44.6
19.4
25.2
—9 1
17.6

11.2
16.7
75.8
31.1
44.8
20.2
24.6
— 9
18.2

12.0
17.0
80.8
33.1
47.7
20.9
26.8
2 2
18.8

11.7
17.8
83.7
34.5
49.2
21.4
27.8
—2 6
19.3

12.0
17.8
83.6
34.5
49.2
21.6
27.6
-2.3
19.8

11.8
17.9
84.0
34.6
49.4
21.6
27.8
-2.2
20.4

12.0
18.6
83.9
34.6
49.3
21.2
28.2
2l! 1

11.7
17.3
79.0
32.5
46.5
22.2
24.2
-.8
21.6

11.9
18.0
78.9
32.5
46.5
23.1
23.4

15 8

11.2
16.6
76.6
31.4
45.2
19.8
25.4
—1 7
17 9

22! 1

22. 6

497.5
59.4
438.1
411.9
26.2

537.8
65.6
472.2
445.0
27.2

584.0
75.2
508.8
479.0
29.8

510.5
60.9
449.6
420.1
29.5

520.3
64.3
456.0
431.6
24.5

530.1
66.1
464.0
439.9
24.0

544.6
65.2
479.4
448.5
30.9

556.1
66.7
489.4
460.1
29.3

567.8
70.4
497.5
470.9
26.6

577.3
74.1
503.3
474.6
28.7

589.3
76.9
512.4
483.2
29.2

601.6
79.6
522.0
487.4
34.6

612.9
80.2
532.7
493.9
38.8

619.1
79.1
540.0
504.0
36.0

630. 7
82.8
547.9
510. 1
37.8

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

60.63
26.99
13.99
13.00
1.47
1.98
3.44
8.41
5.62
12.74

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

14.95
6.72
3.48
3.24
.35
.46
.73
2.04
1.41
3.25

12.77
5.61
2.87
2.74
.33
.40
.75
1.60
1.26
2.83

15.29
6.78
3.51
3.27
.40
.55
1.00
2.09
1.42
3.06

15.57
6.84
3.54
3.30
.37
.48
.82
2.36
1.36
3.33

17.00
7.75
4.07
3.68
.38
.55
.86
2.36
1.58
3.52

13.59
6.10
3.08
3.02
.32
.41
.70
1.84
1.35
2.87

15.61
6.81
3.46
3.34
.34
.41
1.12
2.46
1.49
2.99

US. 77 2 17. 06
7.69
6.72
4.12
3.44
3.57
3.28
.42
.39
.37
.37
1.06
1.05
2.51
2.61

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

58.00
25.60
13.15
12.45
1.40
1.75
3.30
8.25
5.35
12.35

60.10
2B. 80
13.85
12.95
1.55
2.00
3.50
8.30
5.50
12.45

61.25
27.55
14.35
13.20
1.45
1.85
3.40
8.55
5.60
12.85

62.80
27.75
14.50
13.25
1.45
2.35
3.50
8.50
5.95
13.30

61.65
27.85
14.20
13.70
1.40
1.80
3.05
9.20
5.75
12.55

61.50
27.00
13.75
13.25
1.30
1.55
3.90
9.70
5.80
12.25

162.50 2 62. 65
27.35
27.10
14.50
13.95
12.90
13.15
1.60
1.55
1.45
1.45
4.35
4.40
9.10
9.65

9,565
6,587
198
1,322
1,458
-7, 440
-4,907
-691
-380
-1,462

8,768
5, 628
210
1,499
1,431
-7, 232
-4, 669
-671
-401
-1,491

10, 180
6,880
192
1,562
1,546
-8, 139
-5, 475
-711
-424
-1, 529

10, 080 10,119
6, 925
6,811
212
230
1,474
1,353
1,565
1,629
-8, 233 -8, 599
-5, 556 -5, 772
-754
-785
-435
-469
-1,488 -1,573

10,511
7,203
209
1,469
1,630
-8,997
-6, 025
-861
-475
-1,636

10,618
7,181
222
1,535
1,680
-9, 265
-6, 225
-911
-471
-1,658

10,913
7,382
206
1,587
1,738
-9, 762
-6, 580
-953
-565
-1,664

10, 997
7,402
210
1,654
1,731
-9, 913
-6, 680
-969
-563
-1,701

11,383
7,691
339
1,585
1,768
-10,034
-6,692
-1,045
-557
-1,740

pll,338
p 7,723
p 334
p 1,550
p 1,731
p- 10,03
p-6,58
p-1,052
p -545
p-1,854

c

37, 099 39, 147
25, 297 26,244
747
844
5,389
5,888
5,666
6,171
-28, 637 -32, 203
-18,621 -21,472
-2, 861 -2, 921
-1,455 -1,729
-5,700 -6, 081

43, 039
29, 168
847
6, 245
6,779
-37, 937
-25, 510
-3, 694
-2, 074
-6,659

2 782

9 824

9 995

-680

-664

-775

-725

-660

-851

-733

-709

-632

-728

-3, 743

-4,213

-2, 104

-1, 657

-389

-885

-812

-981

-1,135

-932

-1,165

-958

-490

-365

-500

-328

-338

-741

35.01

318.30 3 18. 70

p-l,13C

1 ^7^
-1,674
-579
-396
1 531
Transactions in U.S. official reserve assets, net;
increase ( )
mil $
842
171
1,222
568
-151
Transactions in foreign assets in the U.S., net (U.S.
1,724
liabilities)* increase (-M
mil $
3,314
3,301
286
391
Liquid assets
do __
-24
113
789
1,485
2,629
2,512
239
Other assets
do
310
685
278
-302
Unrecorded transactions. _
do
-335
53
-949
-415
Balance on liquidity basis— increase in U.S. official
reserve assets and decrease in liquid liabilities to
-818
all foreigners; decrease (— )
mil. $
-2, 800 -1,335 -1,357 -1,334
Balance on official reserve transactions basis— increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
225
-618
-834
official agencies; decrease (— )
mil. $
-1,548 -1,304
r
Revised.
* Preliminary,
i Estimates for July-Sept. 1967 based on anticipate d capital expendii ures of bu si ness.
2
Estimates for Oct. -Dec. 1967 based on anticif)ated capital expe nditures of busin ess.
Anticipated expenditures for the year 1967 are as folk)ws (in bil .$): A l i i idustries, 62.03; mp nufacturing, total, 27.31; durable goods industries, 14 10; nondiirable g oods indu stries, 1C .21;
mining, 1.48; railroad, 1.57; transportation, 3.92; pu blic utilit es, 9.41; commerci a and o ther
3
(incl. communication), 18.34.
Includes commun ication.

3 4.63

p -787

-6,542

23.4

p -534




-244

-445

68

41

271

424

68

82

-6

1,027 p -419

-342
-267
-75
-113

211
416
-205
-245

236
-12
248
-110

492
227
265
— 233

1,145
54
1,091
-198

459
83
376
277

1,205
425
780
-148

335 p 2, 222
p931
-489
824 p 1,291
-284 p -576

199

-457

-259

-651

-122

-419

-538

-165

p -512

-18 -1,82 1 P -814
861
-175
-443
-916
207
239
tSc e corresponding n 3te on p. S-l.
91 ncludes i nventory valuatio n adjust ment.
0F ersonal outlays com prise personal consum ption ex penditur es, inter 3st paid by consume rs, and p ersonal t -ansfer p ayments to foreigrlers.
§P€ rsonal sa ving is e tcess of c isposable income over pen onal out lays,
le Mar. June, S apt., and
(?^ lore com plete det ails are g iven in ;he quar erly revi cws in tl
Dec. issues of the STIRV EY; quar ;erly revi sions bac k to 1960 are on p 22 f f o f t his issue

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