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TRAL MISSISSIPPI VALLEY MOMIC INDICATORS 'OLUM BIA ST. L O U I S ^ A N SVILLE 1UIS VIL L E O S P R IN G F IE LD O fayetteville -springdale F O R T SMITH M E M P H IS LITTLE R O C K PIN E BLUF F TEXARKANA 4TH QUARTER 1977 Prepared by Federal Reserve Bank of St. Louis Released: March 20, 1978 DATA DESCRIPTION Selected economic data for the Central Mississippi Valley (CMV) are generally provided for five states and eight metropolitan areas which are entirely or partially within the Eighth Federal Reserve District. In addition, Federal Reserve member bank data are provided for three smaller SMSAs (Standard Metropolitan Statistical Areas) and for all seven states and nonmetropolitan areas within the Eighth District portion of these states. Also, the metropolitan summary of population includes 13 SMSAs in the CMV. Metropolitan areas refer to the 1973 SMSA definitions, except where noted, and states in some cases refer only to the Eighth District portion of the state. Annual iaLetf~*are compounded annual rates of cnatjge^ The latest data for some series are preliminary and will be revised as final figures are received. Income and Trade Indicators Personal income and department store sales data are from the U.S. Department of Commerce. In April 1977, numerous revisions were incorporated into the department store series, including boundary redefinitions for SMSAs. New Passenger Car Registrations are from R. L. Polk and Company. U.S. passenger car sales are from the U.S. Department of Commerce. All agricultural data are from the U.S. Department of Agriculture. Employment Indicators Employment data are from the respective state Employment Security Offices and the United States Department of Labor. Data for Memphis include only Shelby and Tipton counties in Tennessee and Crittenden County in Arkansas. Total employment, unemployment, and labor force are based on household (place-of-residence) data. Payroll employment data, which include manufacturing, nonmanufacturing, and hours and earnings in manufacturing, are based on establishment (place-of-work) data. Production and Price Indicators Electric power consumption datdjfare based on reports to this Bank from various utility and self-generating firms in the -Eighth Federal Reoo»vc District*. The series Value of Construction Contracts Let are from Dodge Construction Potentials, McGraw-Hill Information Systems Company. Housing permits are from the U.S. Department of Commerce. Financial indicators Total loan and deposit data for states, metropolitan areas, and nonmetropolitan areas are only from member banks in the Eighth District. Such data are averages of the weekly member bank reports for the month and are not strictly comparable over time due to withdrawals and additions of member banks (see average number of member banks, page 35).. Savings and loan data are obtained from-the various Federal Home Loan Banks. These data for the Fort Smith metropolitan area include only those counties in the State of Arkansas, and for St. Louis include only St. Louis City and St. Louis County in Missouri, and Clinton, Madison, Monroe, and St. Clair counties in Illinois. 2 SUMMARY OF CENTRAL MISSISSIPPI VALLEY ECONOMIC ACTIVITY ^/ Economic activity in 1977— as reflected by income, general, economic expansion in metropolitan areas showed less states or the U.S. the Central Mississippi Valley (CMV) advanced rapidly in sales, employment, production, and financial indicators• In the CMV was similar to that for the U.S., although some CMV growth in production and employment than either the CMV Personal income in the five CMV states advanced almost 12 percent from the third quarter of 1976 to the third quarter of 1977, slightly faster than the 11 percent increase in the U.S. Retail sales, as measured by department store and automobile sales, also made sizable advances in 1977. Automobile sales in the CMV states, on the basis of state registrations, advanced about 20 percent from September-November 1976 to the same months in 1977. Automobile sales in the nation rose 12 percent during this period. Employment data indicate that sizable gains in production occurred in the CMV area during 1977. Payroll employment in the CMV states grew 4.4 percent, somewhat above the 3.9 percent increase in the U.S. The gain, however, was unevenly distributed as all the states but Missouri showed increases of 5 percent or more. Among the eight CMV metropolitan areas, only Louisville and Little Rock registered gains of this magnitude. The Evansville and St. Louis SMSAs registered the smallest gains, 2 and 0.9 percent, respectively. Consistent with the strong gains in employment, the unemployment rate for the CMV states declined from 5.9 percent in December 1976 to 5.2 percent in December 1977. For the year 1977, the unemployment rate in the CMV states averaged about 1.5 percentage points below the rate for the U.S., compared with an average differential of about 1 percentage point from 1970 to 1976. Among the leading CMV manufacturing industries, employment increased 13 percent in transportation equipment, 10.6 percent in electrical equipment, 6.5 percent in lumber and furniture, 5.9 percent in nonelectrical machinery, and 4.2 percent in food and kindred products. However, employment in the chemical industry, one of the largest industries in the CMV, increased only 3.4 percent in 1977, with rapid gains in the first half of the year being partially offset by some decline in the fourth quarter. Also, employment in another major sector, the textile, apparel, and leather industries, increased only 1.5 percent. Employment in construction activities in the CMV increased 10 percent in 1977. Furthermore, the value of total building in the CMV states rose 38 percent from a year earlier, slightly above the growth in the U.S. and approximately double the increase in the CMV cities. Much of the increase in total building in CMV states and cities was in residential construction. The value of residential construction increased over 50 percent in the CMV states and 35 percent in the CMV cities. The value of nonresidential construction also advanced, increasing 23 percent in the CMV states, more than twice the percent increase for the U.S. Savings inflows into savings and loan associations in the CMV states rose a rapid 17 percent during 1977, a slightly larger percent than in the U.S. Rapid increases in savings inflows occurred in most of the CMV cities and states. Despite rising yields on competing market instruments, growth in savings deposits remained strong throughout the year, with growth in the second half somewhat more rapid than in the first half. Reflecting the strong growth in demand for residential housing, mortgage loans outstanding at savings and loan associations grew 19 percent in 1977, also slightly above the percent increase in the U.S. * 1/ Fourth quarter 1976 to fourth quarter 1977, except as noted. 3 INCOME AND TRADE INDICATORS PERSONAL INCOME SEASONALLY ADJUSTED INDEX: 1971-100 1971-100 1971-100 220 140 — | 100 60 ARKANSAS 220 180 140 100 60 KENTUCKY M IS S IS S IP P I 220 180 140 100 60 M IS S O U R I 4 INCOME AND TRADE INDICATO RS PERSONAL INCOME SEASONALLY ADJUSTED INDEX: 2ND QUARTER 1977 U N IT E D S T A T E S CMV ST A T E SUMMARY A R K A N SA S KENTUCKY M IS S IS S IP P I M IS S O U R I TENNESSEE PERCENTAGE CHANGE 1971-100 3RD QUARTER 1977 2ND QTR 1977 TO 3RD QTR 1977 (ANNUAL RATE) 3RD QTR 1976 TO 3RD QTR 1977 174.7 178.4 8.9 10.8 181.7 185.3 8.2 11.8 199.1 191.1 186.9 165.7 186.3 201.6 193.5 190.6 169.9 190.5 5.1 5.1 8.3 10.6 9.3 13.1 11.6 13.4 11.2 11.3 STATE SUMMARY-PERSONAL INCOME COMPOUNDED ANNUAL RATES OF CHANGE INITIAL QUARTER TERMINAL QUARTER 1-73 2-73 3 -7 3 4-7 3 1-74 2-74 3 -7 4 4-74 1-75 2-75 3-75 1971*100 4-75 1-76 2-76 3-7 6 4-7 6 1-77 2-77 123.9 2-73 6 .4 3-73 6 .5 4-73 9 .4 10.9 1 5 .4 1-74 9 .1 10.0 11.8 8.2 2-74 9 .3 10.0 11.2 9 .1 10.0 125.9 6 .6 130*5 133.1 136*3 9 .6 10.2 11.1 9 .7 10.5 11.0 8 .3 8 .6 9 .0 7 .4 7 .2 CO • lA 139.9 3-7 4 4-7 4 0 .9 1-75 8 .0 8 .2 8 .5 7 .2 6 .9 5 .9 3 .5 140.2 6.1 142.3 2-75 8 8 .7 9 .0 o • CO 7 .9 7 .4 6.2 9 .0 12.0 3-75 9 .0 9 .3 9 .6 8.8 8 .9 8 .7 8.1 10.6 12.9 13.8 4-75 9 .0 9 .3 9 .6 8 .9 9 .0 8 .9 8 .4 10.4 11.9 11.8 1-76 9 .5 9 .8 10.1 9 .5 9 .7 9 .7 9.5 11.3 12.6 12.8 12.3 14.7 2-76 9 .6 9 .8 10.1 9 .6 9.8 9 .7 9 .5 11.1 12.1 12.1 11.5 12.4 10.1 146.4 151.2 9 .9 154.8 160.2 164.1 3-76 9 .2 9 .4 9 .6 9 .1 9 .2 9 .1 8 .9 10.1 10.7 10.5 9 .7 9 .6 7 .1 4 .2 4-76 9 .1 9 .3 9 .6 9.1 9 .2 9.1 8*9 9 .9 10.5 10.2 9 .5 9 .4 7 .7 6 .6 9 .0 1-77 9 .6 9.8 10.1 9 .7 9.8 9 .8 9 .6 10.7 11.2 11*1 10.7 10.9 9 .9 9 .9 12.8 2-77 9 .8 10.0 10.3 9.9 10.1 10.1 10.0 10.9 11.5 11.4 11.1 11.3 10.6 10.7 13 .0 15.0 13.3 3-77 9 .7 9 .9 10.1 9.8 9 .9 9 .9 9*8 10.7 11.1 11.0 10.7 10.8 10.2 10.2 11.8 12.7 10.7 8 .2 1-73 2-73 3-73 4-73 1-74 2-74 3-74 4-74 1-75 2-75 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 165.8 1 6 9 .4 16.8 176.1 181.7 185.3 INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 INCOME AND TRADE INDICATORS DEPARTMENT STORE SALES SEASONALLY ADJUSTED INDEX: 1971-100 1971-100 1971-100 350 350 - _ 110 30 ■ I ■. M 1 n l.il.l_ L- ■ ■ 1 >■ 1 ■ ■ 1. ■ I.,|Jj 1 1 1L-Li .I , 111111 I I 1 11 S P R IN G F IE L D : Ll L l 190 270 n — 270 — 190 110 30 MO 350 270 190 110 30 6 INCOME AND TRADE INDICATORS DEPARTMENT STORE SALES SEASONALLY ADJUSTED INDEXt PERCENTAGE CHANGE 3 MONTHS ENDING OCTOBER. 1977 1971-100 AU6UST 1977 SEPTEMBER 1977 OCTOBER 1977 FROM PREVIOUS 3 MONTHS (ANNUAL RATE) 167.9 168.1 176.5 23.0 U N IT ED S T A T E S CMV M ETR O PO LITA N SUMMARY FORT S M IT H : AR-O K L I T T L E ROCK-NORTH L I T T L E ROCK: AR L O U IS V IL L E : K Y -IN M E M P H IS : T N -A R -M S ST . L O U IS : M O - 1L S P R I N G F I E L D : MO FROM SAME MONTHS A YEAR AGO 15.0 163.4 173.1 172.3 28.2 * 254.5 274.7 279.4 24.4 * 260.6 271.7 285.2 29.8 * 143.3 153.8 162.2 32.5 * 157.8 159.8 164.4 -0 .2 * 156.1 171.0 162.3 28.4 * 168.6 171.5 179.1 31.0 * XDATA NOT COMPARABLE, SEE INCOME AND TRADE INDICATORS, PAGE 2 US DEPARTMENT STORE SALES COMPOUNDED ANNUAL RATES OF CHANGE INITIAL QUARTER TERMINAL QUARTER 1-73 2-73 3 -7 3 4 -7 3 1-74 2-7 4 3-7 4 4-74 1-75 2-75 3-75 1971*100 4-75 1-76 2-76 3-7 6 4-7 6 1-77 2-77 120.5 2-73 a .4 3-73 5 .1 2 .0 4-7 3 6 .1 5 .0 8 .2 9 .1 10.1 121.1 123.5 126.5 i—74 7 .1 6 .7 2-74 6 .7 6 .3 7 .8 7 .6 5.2 3-74 5 .a 5 .3 6 .1 5 .4 3.2 4 -7 4 3 .8 3 .1 3 .3 2 .1 - 128.1 128.5 1.3 0 .4 - 3 .1 - - 0 .6 - 126.1 7 .3 127.5 1-75 3 .9 3 .3 3 .5 2 .6 0 .8 1.6 4 .5 2-75 5 .7 5 .4 5 .9 5 .5 4 .7 4 .5 5 .6 12.8 21.6 3-75 6 .0 5 .7 6 .2 5 .9 5.3 5 .3 6.3 11.3 14.8 8 .3 133.9 136.6 138.5 4-7 5 6 .0 5 .7 6 .1 5 .9 5 .3 5 .3 6.2 9 .8 11.7 7 .0 5 .7 1-76 6 .3 6 .2 6 .6 6 .4 5.9 6 .1 6 .9 10.0 11.4 8 .1 8.1 10.5 2-76 6 .0 5 .8 6 .2 6 .0 5 .6 5 .6 6.3 8 .7 9 .6 6 .7 6 .2 6 .5 3-76 6 .4 6 .3 6 .6 6.5 6 .1 6 .2 6 .9 9.1 9 .9 7 .6 7 .5 8.1 6 .9 11.4 8.1 10.2 11.1 9 .4 9 .6 10.6 10.7 14.9 142.0 142.9 2 .6 146.8 153.2 18.6 4-7 6 7 .2 7 .1 7 .5 7 .4 7 .2 7 .4 1-77 7 .1 7 .0 7 .4 7 .3 7.1 7 .3 7 .9 9.8 10.4 8 .9 9 .0 9.7 9 .5 11.9 12.2 6.1 2-77 7 .2 7 .1 7 .5 7 .4 7 .2 7 .4 8 .0 9 .6 10.2 8 .9 8 .9 9.5 9 .3 11.1 11 .0 7 .3 8.5 3-77 8 .2 8 .2 8 .6 8 .6 8 .5 8 .7 9 .4 11.0 11.7 10.7 1 1.0 11.7 12.0 13.9 14.6 13.3 17.0 26.2 1-73 2-73 3-7 3 4-7 3 1-74 2-74 3-74 4-74 1-75 2-75 3-75 4-75 1-76 2-76 3-76 4-7 6 1-77 2-77 155.5 158.7 168*2 INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS INCOME AND TRADE INDICATORS NEW PASSENGER CAR REGISTRATIONS SEASONALLY ADJUSTED INDEX: 1974-100 1974-100 1974-100 225 175 125 75 25 225 175 125 75 25 M IS S IS S IP P I 8 INCOME AND TRADE INDICATORS NEW PASSENGER CAR REGISTRATIONS SEASONALLY ADJUSTED 1NDEXt PERCENTAGE CHANGE 3 MONTHS ENDING NOVEMBER. 1974-100 FROM SAME MONTHS A V$AR A6Q- __LSZZ__ OCTOBER 1977 NOVEMBER 1977 FROM PREVIOUS 3 MONTHS (ANNUAL RATE) 118.6 124.3 118.6 -2 2 .4 11.5 135.7 115.4 128.6 122.1 150.0 112.8 - 3 2 .6 - 2 1 .0 13.8 10.2 115.6 122.6 114.4 -6.5 19.5 N. A. N. A. 128.9 151.5 78.6 164.7 89.4 95.5 133.2 153.6 USED WITH THE PERMISSION OF R. L. POLK AND COMPANY N. A. ui-nr 84.5 123.5 113.8 N. A. 4.6 -57.4 -35.3 36.1 N. A. 18.8 0.1 -5.3 68.8 SEPTEMBER U N IT ED S T A T E S IMPORTED DOMESTICALLY PRODUCED CMV STATE SUMMARY ARKANSAS KENTUCKY M IS S IS S IP P I MISSOURI TENNESSEE NEW PASSENGER CAR RETAIL SALES STATE SUMMARY EXCLUDES ARKANSAS PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 INCOME AND TRADE INDICATORS FARM CASH RECEIPTS SEASONALLY ADJUSTED INDEX: 1971-100 360 280 200 120 40 10 INCOME AND TRADE INDICATORS FARM CASH RECEIPTS SEASONALLY ADJUSTED __________ INDEXt OCTOBER 1977 U N IT ED S T A T E S CMV STA TE SUMMARY A R K A N SA S KENTUCKY M IS S IS S IP P I M IS S O U R I T E N N E SSE E 1971*100________ NOVEMBER 1977 DECEMBER 1977 PERCENTAGE CHANGE 3 MONTHS ENDING DECEMBER. 1977 FROM PREVIOUS 3 MONTHS (ANNUAL RATE) FROM SAME MONTHS A YEAR AGO 178.2 186.9 186.6 34.1 2.7 194.9 195.1 170.1 37.9 6.3 215.7 173.8 189.1 186.0 184.5 197.9 246.5 183.2 180.8 203.7 159.9 167.9 170.7 180.6 153.1 - 2 8 .7 82.1 59.3 110.0 -1 1 . 3 1.2 9.9 4.0 16.8 -1 .0 STATE SUMMARY—FARM CASH RECEIPTS COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER INITIAL QUARTER 1-73 2-73 3-73 6-73 1-76 2-76 3-74 6-74 1-75 2-75 3-75 1971*100 4-75 1-76 2-76 3-76 6-76 1-77 2-77 3-77 151.1 2-73 -8.8 3-73 9.4 31.2 4-73 8.4 18.1 6.3 i—74 11.0 18.5 12.6 2-74 -3.2 161.7 164.2 19.3 171.6 0.7 -7.8 -16.1 -38.1 152.2 -6.9 -10.9 -23.0 -6.1 6.1 26.1 3-74 -1.7 -0.3 4-74 5.9 8.6 1-75 —5.4 -4.9 4.5 —0.5 150.6 170.9 65.8 -9.9 -12.8 -19.4 -12.0 -15.7 -57.1 138.3 2-75 2.4 3.9 0.5 -0.6 -3.9 7.2 11.3 -8.8 93.9 3-75 7.9 9.9 7.5 7.6 5.8 17.8 24.0 12.6 82.4 71.6 186.8 4-75 0.7 1.6 -1.2 -2.1 -4.8 2.3 3.6 -7.9 18.8 -7.0 -69.6 157.6 163*2 44.6 1-76 3.7 5.0 2.6 2.2 0.3 7.5 9.5 0.8 24.8 2-76 6.8 8.2 6.4 6.6 5.0 12.2 14.8 7.9 29.8 3-76 1.9 2.7 0.7 0.2 -1.6 3.7 4.7 -2.0 12.5 0.9 -11.7 6.5 -8.6 -65.0 4-76 3.5 4.4 2.6 2.3 0.8 5.9 7.1 1.4 14.6 5.0 -4.8 11.6 2.3 -16.0 28.3 1-77 5.1 6.1 4.5 6.3 3.2 8.1 9.4 4.4 16.7 8.6 0.6 15.5 9.2 -2.2 30.4 2-77 3.3 4.1 2.5 2.2 1.0 5.2 6.1 1.5 11.7 4.2 -2.9 8.3 2.2 -7.5 10.1 3-77 2.4 3.1 1.6 1.3 0.1 3.9 4.6 0.3 9.2 2.4 -4.0 5.3 -0.1 -8.1 4.4 4-77 4.1 4.8 3.4 3.3 2.3 6.0 6.8 3.0 11.5 5.5 -0.0 8.9 -1.7 10.4 6.3 -1.2 10.9 37.9 1-73 2-73 3-73 6-73 1-74 2-74 3-74 4-74 1-75 2-75 3-75 4-75 2-76 3-76 4-76 1-77 2-77 3-77 7.8 -14.6 17.4 3.4 48.2 172.6 51.9 1-76 191.6 165.0 175.6 32.5 188.4 177.3 1.9 -21.6 -2.5 -16.4 -10.8 172,3 186.7 INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST LOUIS EMPLOYMENT INDICATORS TOTAL EMPLOYMENT SEASONALLY ADJUSTEO INDEX: 1971-100 1971-100 1971 100 130 120 110 100 90 ARKANSAS 130 120 110 100 90 KENTUCKY M IS S O U R I 130 120 110 100 90 130 120 110 100 90 12 EMPLOYMENT INDICATORS TOTAL EMPLOYMENT SEASONALLY ADJUSTED INDEX: U N IT ED S T A T E S CMV STATE SUMMARY CMV M ETR O PO LITA N SUMMAR A R K A N SA S FORT SMITH: AR-OK L IT T LE ROCK-NORTH LIT T LE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LO U ISV IL LE : K Y -IN M IS S IS S IP P I M IS S O U R I ST. LOUIS: MO-IL SPRING FIELD: MO T E N N E SSE E MEMPHIS: TN-AR PERCENTAGE CHANGE 3 MONTHS ENDING DECEMBER. 1977 1971-1119 FROM PREVIOUS 3 MONTHS (ANNUAL RATE) FROM SAME MONTHS A YEAR AGO OCTOBER 1977 NOVEMBER 1977 DECEMBER 1977 115.5 116.6 117.1 5.7 4.4 114.6 114.8 115.5 5.0 3.7 109.6 109.7 110.4 120.3 122.6 121.5 122.1 122.5 124.3 (£ > 5J -1 .9 5.1 4.6 126.1 109.1 127.4 109.8 128.0 110.5 4.9 3.7 5.6 3.8 119.5 116.5 111.1 119.8 117.0 111.5 120.9 117.4 112.3 8.4 0.7 7.5 5.2 1.7 6.0 125.2 125.3 126.3 4.9 5.1 106.8 105.7 128.0 106.9 105.5 127.8 106.9 105.7 127.0 S f^ O T?6 112.5 103.8 112.5 104.2 113.2 104.8 4.8 6.0 3.9 2.7 STATE SUMMARY-TOTAL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER INITIAL QUARTER 1-73 2-73 3-7 3 4-7 3 1-74 2-74 3-74 4-74 1-75 2-75 3-75 2-73 3 .1 3-73 3 .6 4 .2 W 3 3*8 4 .2 4 .1 1-74 2*9 2 .9 2 .2 0.4 2-74 3.1 3.1 2 -7 2.0 3.7 3-74 2 .7 2 .6 2 .2 1.6 2.2 4 -7 4 1 .5 1.2 0 .7 - 0 .2 - 0 .4 - 2 .4 - 5.3 1-75 0 .0 - 0 .4 - 1.2 - 2.2 - 2.8 - 4 .9 - 7 .7 - 0 .9 0 .3 - 0 .7 - 1 .4 - 2.3 - 2.8 - 4 .4 - 6.0 - 6.3 3-75 0 .2 - 0 .2 - 0 .7 - 1.4 - 1.7 - 2.7 - 3.5 - 2 .9 0 .8 4 .3 4-7 5 0 .8 0 .5 0 .1 - 0 .4 - 0 .5 - 1.2 - 1.5 - 0 .6 2.8 5.6 7 .0 1-76 1.3 1.2 0 .9 2-75 - 1971*100 4-75 1-76 2- ' 3-7 6 4 -7 6 1-77 2-77 3 -7 7 106.6 107.7 108 .5 108.9 0.5 0.5 109.9 0 .7 110.1 108.6 105.8 - 2.6 105.1 106.2 108.0 0.1 0 .0 1.1 4.1 6 .4 7 .5 8.0 110.1 2-76 1.4 1.3 1.0 0 .7 0 .7 0 .4 0.3 1.3 3.7 5.3 5 .7 5.1 2.2 3-76 1.2 1.1 0 .9 0 .6 0.6 0 .2 0.2 1.0 2 .9 4 .1 4 .0 3.1 0 .7 4-76 1.3 1.1 0 .9 0.6 0.7 0 .4 0 .3 1.1 2.7 3 .6 3.5 2.7 1.0 1-77 1.7 1.6 1.4 1.2 1.3 1.1 1.1 1.9 3 .4 4 .3 4 .3 3.8 2 .8 3 .0 4 .9 8 .6 2-77 1.7 1.6 1.5 1.3 1.3 1.1 1.2 1.9 3.3 4 .0 4 .0 3.5 2.6 2 .7 3 .9 5.1 3-77 1.6 1.5 1.3 1.2 1.2 1.0 1.0 1.7 2.9 3 .5 3 .4 2.9 2.1 2.1 2.8 3.3 0 .7 4-77 1.0 1.7 1.6 1.4 1.5 1 .3 1.3 1.9 3.1 3 .7 3.6 3.2 2.5 2 .6 3 .2 3 .7 2 .1 2 .3 5.0 1-73 2-73 3-7 3 4-73 1-74 2-74 3-74 4-74 1-75 2-75 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 110.7 - 0 .7 0 .4 110,5 1.5 110.9 113.2 1.8 113.7 - 0.4 U 3» * 115.0 INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 13 EMPLOYMENT INDICATO RS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT PERCENT 1— i f i -------------------------- i ii/ 1 STATES r _ ___ i - u.s. _____________ ^ — i i l 1 1 L i 1 1 11 1971 1 J.J l 1l . i 1972 1 1-I X. h i .I. j i . i i i 1973 i l l n i l d l l 1974 ARKANSAS i l l 1 J 1 1 » 1 1 » -LJ-J J - l .,1 11 1 1 1 1975 1976 M i l l I I I 111. 1977 12 9 6 3 0 KENTUCKY 12 9 6 3 0 12 9 6 3 0 M IS S O U R I 12 9 6 3 0 12 9 6 3 0 14 UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT U N IT E D S T A T E S CMV STA TE SUMMARY CMV M ETRO PO LITAN SUMMARY A R K A N SA S FORT SMITH: AR-OK L IT T LE ROCK-NORTH L IT T LE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LO U ISV IL LE : K Y -IN M IS S IS S IP P I M IS S O U R I ST. LOUIS: MO-1L SPRING FIELD: MO TENNESSEE MEMPHIS: TN-AR 1977 NWETOER 1977 _ PECEMMR 1977 6.8 5.3 5.3 6.1 6.2 6.7 5.2 5.2 5.8 6.1 6.4 5.2 5.3 5.7 5.5 5.3 5.3 5.8 5.9 5.4 5.3 5.9 6.0 4.2 4.5 4.8 4.1 4.7 6.3 5.3 6.0 4.6 4.9 5.2 3.8 5.4 4.9 4.1 4.9 6.2 5.2 5.9 4.5 4.8 4.8 4.2 5.9 5.2 3.8 5.0 6.0 5.2 5.9 4.9 4.6 4.7 4.1 5.3 5.0 4.0 4.9 6.2 5.2 5.9 4.7 4.8 4.9 4.1 5.7 4.6 4.3 4.5 5.9 5.5 5.9 <». i 5.1 5.3 C I V I L I A N LABOR FORCE SEASONALLY ADJUSTED THOUSANDS OF PERSONS PERCENTAGE CHANGE 3 MONTHS ENDING DECEMBER. 1977 FROM PREVIOUS OOTOWER 1977 UN ITED S T A T E S CMV STATE SUMMARY CMV M ETROPO LITAN SUMMARY A R K A N SA S FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY L O U ISV IL LE: K Y -IN M IS S IS S IP P I M IS S O U R I ST. LOUIS: M O-1L SPRINGFIELD: MO T E N N E SSE E MEMPHIS: TN-AR NflVFMMft 1977 3 MONTHS DE’Q£MBEB1977 (ANNUAL RATE)._ 98101.9 7408.5 2308.2 905.9 77.9 96998.0 7412.7 2309.5 911.8 77.5 98926.0 7455.4 2323.5 916.6 78.4 173.5 33.1 1500.6 132.2 397.4 987.1 2125.8 1029.3 98.0 1663.4 367.1 174.6 33.6 1507.7 132.8 399.7 987.2 2123.9 1027.4 97.8 1862.6 366.8 175.9 34.0 1524.8 132.9 403.0 993.0 2124.6 1029.3 97.6 1891.0 368.9 FROM SAME MONTHS A YEAR AGO 4.4 4i 3 3.2 G > G ? 3.9 2.8 5.0 -2.5 4.7 2.4 10.2 -0.9 9.2 6.0 tu b - S-H r 3.4 4.0 4.3 1.5 4.8 1. 1 4.9 4.2 0*3 (£ > * 372 2.8 1.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 15 EARNINGS ING AVERAGE WEEKLY HOURS WORKED MANUFACTURING JUSTED SEASONALLY ADJUSTED HOURS PER WEEK - u.s. 1------------ STATES — ____ - - ' - 11111111111 11111111111 11111111111 11111111111 . 11.. 1.. 1. / 1973 1975 1974 1976 1977 ARKANSAS M IS S O U R I 16 EMPLOYMENT INDICATORS AVERAGE HOURLY EARNINGS - MANUFACTURING SEASONALLY ADJUSTED _________ DOLLARS PER HOUR________ U N IT ED S T A T E S CMV STATE SUMMARY CMV M ETRO PO LITAN SUMMARY A R K A N SA S FORT SMITH: AR-OK L IT T LE ROCK-NORTH L IT T LE ROCKs AR PINE BLUFFs AR KENTUCKY LO U ISV IL L E : K Y -IN M IS S IS S IP P I M IS S O U R I ST. LOUIS: MO-1L SPRING FIELD : MO TENNESSEE MEMPHIS: TN-AR OCTOBER NOVEMBER 1977 1977 DECEMBER 1977 _ MONTHLY AVERAGE 3 MONTHS ENDING DECEMBER SEPTEMBER 1977 1977 5.79 5.15 6.27 4.40 4.55 5.81 5.17 6.30 4.42 4.67 5.82 5.21 6.38 4.47 4.71 5.81 5.18 6.32 4.43 4.64 5.69 5.03 6.16 4.33 4.47 4.99 5.21 5.80 6.66 4.26 5.94 6.73 5.03 4.80 5.52 5.03 5.20 5.85 6.65 4.26 5.97 6.78 5.05 4.83 5.51 5.04 5.27 5.91 6.70 4.29 6.01 6.92 5.06 4.88 5.52 5.02 5.23 5.85 6.67 4.28 5.97 6.8i 5.05 4.83 5.52 4.98 5.22 5.65 6.56 4.20 5.76 6.56 4.93 4.73 5.47 AVERAGE WEEKLY HOURS WORKED - MANUFACTUR1NG SEASONALLY ADJUSTED MONTHLY AVERAGE 3 MONTHS ENDING HOURS PER WEEK U N IT ED S T A T E S CMV STATE SUMMARY CMV M ETROPO LITAN SUMMARY A R K A N SA S FORT SMITH: AR-OK L IT T L E ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LO U ISV IL LE : K Y -IN M IS S IS S IP P I M IS S O U R I ST. LOUIS: M O-1L SPRING FIELD: MO TEN N E SSE E MEMPHIS: TN-AR OCTOBER 1977 NOVEMBER 1977 DECEMBER 1977 DECEMBER 1977 SEPTEMBER 1977 40.4 40.5 40.3 40.4 40.3 40.4 40.4 40.4 40.4 40.1 41.0 41.0 41.2 41.1 40.9 39.6 39.4 40.8 39.6 40.0 39.6 40.1 39.5 39.9 39.1 39.2 41.8 40.6 41.4 40.3 41.2 40.1 41.5 40.3 41.5 40.2 40.7 39.7 40.3 39.9 40.8 39.9 40.6 39.9 40.6 40.1 40.1 40.0 40.1 39.9 40.8 41.7 38.8 40.9 41.4 39.2 40.5 41.6 39.4 40.7 41.6 39.1 40.3 41.3 39.1 40.5 41.1 40.5 41.3 41.0 41.6 40.7 41.3 40.1 40.9 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 17 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT - SELECTED CMV STATE SUMMARY INDUSTRIES SEASONALLY ADJUSTED INDEX: CHEMICAL, 120 PETROLEUM, AND RUBBER PRODUCTS 1972-100 140 Pi 1 1972-100 140 1972-100 — 100 100 — 80 — — 80 — 1 ■LI 1 L..I 1 1 1 1 60 120 _ 1 1 « » 1 » » 1 « » 1 » » . i i L -i j l.i i l-i.: ■ ■ 1 ■ » 1 ■ « 1 » ■ 1 L .I » I L l .1-1-1 1 ■- X .-I ..L l I 1 1 l i t ! 60 CONSTRUCTION 140 120 140 120 — 100 100 80 80 ■ i ■ ■ 60 ■ ■ l ■ ■ l ■ ■ l ■ ■ ■ . I ■ ■ l ■ ■_l_i_i_ ■ • 1 1— i_L. i_ l -1 L.I. > 1.1 1 1 11 -L-lJ-l 1 1 ... i.i r 60 ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS — 11 120 140 .j 140 120 100 100 80 80 60 L i 1 L.1..1 1-L-l 1 1-. 1 ll 1 1.1 1 i.i 1 1 ■ ■i . L i L u 1 j - i, U l l - I . l l . l j 1 I. 1 1,1.1,1 J l ■ 1 . ■ _ i _ d L-1.-I l-L 1 1 1 r LUMBER AND FURNITURE LATEST DATA PLOTTED: DECEMBER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 18 60 EMPLOYMENT INDICATO RS PAYROLL EMPLOYMENT - SELECTED INDUSTRIES* SEASONALLY ADJUSTED INDEX. PERCENTAGE CHANGE 3 MONTHS EN0IN6 DECEMBER. 1972*100 FROM SAME MONTHS A y e a r AGO OCTOBER . 1977 - NOVEMBER 1977 DECEMBER 1977 FROM PREVIOUS 3 MONTHS (ANNUAL RATE) CMV STA TE SUMMARY CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE TEXTILE, APPAREL, AND LEATHER 112.4 111.0 102.0 104.7 95.2 112.7 111.4 102.8 106.1 96.8 113.6 109.1 104.1 106.1 98.0 -5.8 13.3 2.0 8.8 13.0 3.4 10.0 10.6 4.2 6.5 95.2 95.9 96.1 5.2 1.5 A R K A N SA S CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE PAPER AND PRINTING TEXTILE, APPAREL, AND LEATHER 105.6 118.1 115.8 91.8 119.9 108.2 122.5 116.5 94.5 119.9 107.9 124.7 121.5 95.1 119.9 24.4 0.7 14.7 5.7 1.3 9.4 15.1 11.8 4.6 3.4 98.7 100.1 99.4 -1.2 -4.1 KENTUCKY CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS NONELECTRICAL MACHINERY TEXTILE, APPAREL, AND LEATHER 127.5 121.2 86.4 97.8 119.7 127.5 119.1 87.3 99.1 120.4 128.4 114.2 89.7 96.1 121.1 2.2 18.0 -3.6 6.8 4.1 6.9 20.5 13.9 3.4 1.6 95.9 95.4 95.4 -4.9 0.6 122.6 131.7 108.4 96.6 124.6 133.6 108.9 98.3 125.7 134.9 109.5 99.2 21.5 4.6 7.3 13.7 7.2 16.7 2.1 4.4 99.7 131.7 100.6 132.1 101.4 141.4 3.7 14.2 2.5 6.0 105.0 104.3 95.6 97.4 105.7 103.6 96.2 97.6 103.1 103.6 96.8 97.6 2.3 -4.5 8.3 0.0 5.9 5.8 2.0 -1.0 86.2 107.2 87.0 104.6 87.0 106.8 1.9 -1.1 -1.1 13.8 107.0 107.2 110.9 97.9 111.9 107.7 106.5 113.3 98.8 112.5 109.1 104.8 113.9 101.4 112.7 -6.1 12.1 5.1 20.4 4.0 4.4 7.9 2.6 10.6 3.7 125.0 125.7 126.0 12.0 3.8 M IS S IS S IP P I CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE TEXTILE, APPAREL, AND LEATHER TRANSPORTATION EQUIPMENT M IS S O U R I CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS PAPER AND PRINTING TEXTILE, APPAREL, AND LEATHER TRANSPORTATION EQUIPMENT TENNESSEE CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE PAPER AND PRINTING TEXTILE, APPAREL, AND LEATHER KALL CATEGORIES ARE MANUFACTURING EXCEPT CONSTRUCTION. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 19 EMPLOYMENT INDICATORS MANUFACTURING EMPLOYMENT NONMANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972-100 ARKANSAS M IS S IS S IP P I 150 130 — — 150 — — 130 110 110 90 70 90 70 150 130 111 H 111111, n l n l n L u . n l u l i i J ti n l i i l i i l n . 111111II1-LL l i l u l u l l i n i n J n l n n l i i l i i l n n l n l n J n . i l l ii I n Ui. M IS S O U R I — m— — — 110 110 90 70 — i § 1> >111111 n l i i l i i l n ■11 llli Lll-LL n i l 90 — i I i l L i i . ii In Inin, Lilnlnln nlnlnln i § 11 ■1111»i n i n J n l n nlnliiJj-L TENNESSEE 150 130 150 130 — — .--- 70 150 — 130 110 110 90 90 11111111111 11111111111 11111111111 frl 1A 1111111 11111111111 70 1977 1973 1975 1976 1974 70 11111111111 11111111111 11111111111 11111111111 11111111111 1977 1973 1975 1976 1974 LATEST DATA PLOTTED: DECEMBER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 20 EMPLOYMENT INDICATORS MANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972-100 U N IT ED S T A T E S CMV STA TE SUMMARY CMV M ETRO PO LITAN SUMMAR A R K A N SA S FORT SMITH: AR-OK L IT T L E ROCK-NORTH L IT T LE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY L O U IS V IL L E : K Y -IN M IS S IS S IP P I M IS S O U R I ST. LOUIS: MO-1 SPRING FIELD: MO TENNESSEE MEMPHIS: TN-AR OCTOBER 1977 NOVEMBER 1977 DECEMBER 1977 103.2 104.8 97.2 112.9 114.1 103.2 105.5 97.0 115.3 120.4 104.2 106.5 95.9 116.0 124.0 108.7 107.8 104.0 96.4 98.1 109.4 99.2 95.1 96.4 105.1 96.9 109.4 109.6 104.3 97.5 96.0 110.2 99.3 94.3 101.3 106.1 97.1 108.7 107.8 105.3 99.6 96.8 111.1 99.8 94.0 99.1 107.2 98.2 PERCENTAGE CHANGE 3 MONTHS ENDING DECEMBER. FROM PREVIOUS FROM SAME MONTHS A 3 MONTHS YEAR AGO (ANNUAL RATE) 2.8 6.3 3.8 5.5 & 6.2 3.1 7.4 5.6 5.3 13.6 4.7 2.1 17.3 4.9 8.0 9.2 5.2 3.8 9.0 4.8 -979 10.4 7.7 0.5 6.4 3.8 NONMANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED PERCENTAGE CHANGE 3 MONTHS ENDING DECEMBER. INDEX: 1972-100 U N IT E D ST A T E S CMV STA TE SUMMARY CMV M ETROPO LITAN SUMMARY A R K A N SA S FORT SMITH: AR-OK L IT T LE ROCK-NORTH LIT T LE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY L O U ISV IL LE: K Y -IN M IS S IS S IP P I M IS S O U R I ST. LOUIS: MO-1L SPRINGFIELD: MO T E N N E SSE E MEMPHIS: TN-AR OCTOBER 1977 NOVEMBER 1977 DECEMBER 1977 FROM PREVIOUS 3 MONTHS (ANNUAL RATE) FROM SAME MONTHS A YEAR Ag_Q„ 115.7 116.3 116.4 3.2 3.9 117.8 110.7 123.6 121.7 118.3 111.1 124.7 123.0 118.1 110.4 6.0 1.8 6.7 6.1 4.0 1.7 5.0 1.8 121.8 108.1 122.7 113.5 113.0 122.9 109.1 6.1 4.1 10.1 3.9 1.8 123.7 114.4 113.8 123.3 109.7 121.1 112.2 113.7 4.7 5.0 1.2 3.9 122.0 122.5 123.0 4.4 5.0 110.5 105.7 123.1 110.6 105.8 123.5 110.5 105.6 124.1 2.2 0.4 4.0 1.9 0.8 3.3 119.5 111.8 119.9 112.3 120.6 112.8 9.2 4.4 4.4 1.9 125.1 123.6 0.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 21 EMPLOYMENT INDICATO RS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972-100 1972-100 1972 100 130 120 110 100 90 ARKANSAS 130 120 110 100 90 KENTUCKY 130 120 110 100 90 M IS S IS S IP P I 130 120 110 100 90 130 120 110 100 90 TENNESSEE 130 120 110 100 90 22 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972-100 1972-100 1972-100 130 130 120 — 110 — 120 110 — 100 100 90 1 i 1 ....... .. 1972 11111111111 . . 1. . 1. . 1. . . . 1. . 1. . 1. . 1975 1973 1974 LATEST OATA PLOTTEDi OECEMBER . . 1. . 1. . 1. . 1976 . . 1. . 1. . 1. , 1977 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 23 90 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEXt OCTOBER 1977 U N IT ED S T A T E S CMV STA TE SUMMARY CMV M ETR O PO LITA N SUMMAR A RK A N SA S FORT SMITH: AR-OK LIT T LE ROCK-NORTH L IT T LE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY L O U IS V IL L E : K Y -IN M IS S IS S IP P I M IS S O U R I ST. LOUIS: M O-IL SPRING FIELD : MO TENNESSEE MEMPHIS: TN-AR PERCENTAGE CHANGE 3 MONTHS ENDING DECEMBER. 1977 1972-100________ FROM PREVIOUS 3 MONTHS (ANNUAL RATE) FROM SAME MONTHS A YEAR AGO NOVEMBER 1977 DECEMBER 1977 112.9 113.2 3.3 3 .9 114.5 114.7 6.2 4.4 107.1 106.2 0 > 121.6 122.0 122.1 124.0 6.5 3.7 <*3> 5.7 3.1 120.1 108.8 120.2 108.8 5.9 5.3 4.7 2.9 118.3 108.1 108.1 116.8 107.8 108.8 9.0 -0 .4 9.0 5.1 2.0 5.4 118.5 119.1 4.5 107.6 102.5 117.2 107.7 102.2 116.9 4.9 2,5 -q 3 > or? S k it 115.3 109.2 116.0 109.8 9.6 4.9 5.1 2.2 112.5 114.0 106.9 120.2 118.7 119.0 108.0 117.9 107.4 107.7 117.8 107.6 102.7 116.3 114.7 108.8 STATE SUMMARY-TOTAL PAYROLL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL INITIAL QUARTER 1972*100 QUARTER 1-73 2-73 3 -7 3 4-7 3 2-73 5.1 3-73 4 .3 3 .5 4-73 3 .9 3 .3 3 .1 1-74 3.6 3.1 2 .9 2 .7 2-74 3 .3 2 .9 2 .7 2.5 1-74 2-74 3-74 4-74 1-75 2-75 4-75 3-75 1-76 2-76 3-76 4-7 6 1-77 2-77 3 -7 7 104.8 105.7 106.5 107.2 2 .3 107.8 3-74 2 .8 2 .4 2 .1 1.8 4-74 1 .8 1 .2 0 .8 0.2 - 0 .6 - 2 .0 - 4 .4 1-75 0 .2 - 0 .4 1.9 - 3 .0 - 4 .7 - 7.1 - - - 1.1 - 0 .4 1.3 107.9 106.7 9 .7 104.0 l.l 2-75 0 .1 0 .5 - 1.1 - 1.8 - 2 .6 - 3 .8 - 5.2 - 5.5 3-75 0 .5 0 .0 - 0 .4 - 0.9 - 1.5 - 2 .2 - 2 .9 - 2 .4 1.5 4 .3 4-75 1 .0 0 .6 0 .3 - 0 .0 —0 *4 - 0 .9 - 1.1 - 0 .3 3.1 5 .3 6 .2 1-76 1.5 1.2 1.0 0 .7 0 .5 0 .3 0 .2 1.2 4 .1 6 .0 6.8 7 .3 2-76 1 .6 1.3 1.1 0 .9 0 .7 0 .6 0 .6 1.4 3.8 5.1 5 .4 4 .9 - 103.7 104.8 106.4 108.3 2.6 109.0 3-76 1.5 1.2 1 .0 0 .8 0 .7 0 .5 0.5 1.2 3 .2 4 .1 4 .0 3 .3 1.3 0 .0 4-76 1 .5 1.3 1.1 1.0 0 .8 0 .7 0 .7 1.3 3.0 3 .8 3.6 3.0 1.6 1.1 2 .2 1-77 1.9 1.7 1 .6 1.4 1.3 1.3 1.4 2.0 3 .6 4 .3 4 .3 3 .9 3 .0 3 .2 4 .8 2-77 1.9 1.7 1 .6 1.5 1.4 1 .4 1.5 2.1 3.5 4 .1 4 .0 3 .7 2 .9 3 .0 4 .1 5 .0 2.5 3-77 1.9 1.7 1.6 1.5 1.4 1.4 1.5 2.0 3.3 3 .8 3 .7 3.3 2 .7 2 .7 3 .4 3.8 2 .0 1.4 4-77 2 .1 2 .0 1.9 1.8 1.7 1.7 1.8 2.3 3.5 4 .0 4 .0 3 .7 3.2 3 .3 3 .9 4 .4 3 .4 3 .8 6 .2 1-73 2-73 3-7 3 4 -7 3 1-74 2-74 3-7 4 4-74 1-75 2-75 3-75 4-75 1-76 2-76 3-7 6 4-7 6 1-77 2-7 7 3-7 7 109.0 109.6 111.6 7 .5 112.3 112.7 114.4 INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 24 PRODUCTION AND P R IC E INDICATORS Farm Land Values 1967=100 1967=100 March data for 1957-70, March and November data for 1971-75, and February and November data for 1976-78 FARM LAND VALUES Index 1967-100 March 1975 February 1976 United States 213 242 267 283 296 6.2 10.9 CMV State Summary 208 243 281 302 323 9.4 14.9 191 209 200 203 204 214 236 213 260 244 239 205 241 251 229 328 295 253 205 262 266 238 353 321 281 217 284 275 250 372 359 304 232 301 288 6.8 7.2 16.1 11.1 9.3 8.1 6.4 9.1 13.4 21.7 20.2 13.2 14.9 8.3 Arkansas Illinois Indiana Kentucky Mississippi Missouri Tennessee November 1976 25 February 1977 November 1977 Percentage Change November 1977 from from previous February 1977 year (annual rate) PRODUCTION AND P R IC E INDICATORS ELECTRIC POWER CONSUMPTION - EIGHTH DIST R IC T SEASONALLY ADJUSTED INDEX: CHEMICAL, 1971-100 PETROLEUM, T E X T IL E , APPAREL, LATEST DATA PLOTTED: DECEMBER AND RUBBER PRODUCTS AND LEATHER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 26 PRODUCTION AND P R IC E INDICATORS ELECTRIC POWER CONSUMPTION - EIGHTH DISTRICT SEASONALLY ADJUSTED INOEXi TOTAL MANUFACTURING AND MINING MANUFACTURING DURABLES ELECTRICAL MACHINERY FABRICATED METALS LUMBER AND FURNITURE NONELECTRICAL MACHINERY OTHER DURABLES PRIMARY METALS STONE, CLAY, AND 6LASS TRANSPORTATION EQUIPMENT NONDURABLES CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS FOOD, BEVERAGES,AND TOBACCO PAPER AND PRINTING TEXTILE, APPAREL, AND LEATHER M IN IN G PERCENTAGE CHANGE 3 MONTHS ENDING DECEMBER. 1971-100 FROM SAME MONTHS A y e a r AGO OCTOBER 1977 NOVEMBER 1977 DECEMBER 1977 FROM PREVIOUS 3 MONTHS (ANNUAL RATE) 117.4 116.4 119.0 -0 .3 4.3 116.3 115.1 117.7 -1 .4 4.8 125.2 122.8 100.8 125.4 103.3 139.1 165.0 138.0 141.0 123.4 113.9 115.1 7.0 -9.0 135.6 186.6 144.1 133.5 129.5 106.6 117.4 97.7 137.6 180.9 143.3 134.7 124.4 113.7 112.3 140.7 19.9 25.4 -1 7 .0 43.4 -1 4 .2 9.6 6.5 9.8 68.7 11.5 4.5 -2 .3 112.8 112.3 114.5 -4 .5 -0.6 112.B 113.8 113.5 3.2 1.7 125.6 111.5 119.3 114.4 109.7 -8.8 3.0 112.8 -2 1 .4 6.0 98.2 94.3 95.2 -3.3 2.1 182.9 194.8 151.2 1.4 -7 .9 6.0 12.0 9.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 27 PRODUCTION AND P R IC E INDICATORS VALUE OF CONSTRUCTION CONTRACTS LET NOT SEASONALLY ADJUSTED INDEX: 1974-100 330 — - 1974-100 1974-100 330 TOTAL B U I L D I N G u .s . _____ STATES — — 170 170 90 10 90 " " ____ i____ i____ i____ ____ i____ i____ i____ ____ i____ i____ i____ ____ i____ i____ i____ ____ i____ i____ i____ ____ i____ i____ i____ ____ i____ i 1971 1972 RESID EN TIAL 1973 1974 BU ILDIN G 1975 1976 i 1977 NONRESI DENT IAL B U I L D I N G ARKANSAS M IS S IS S IP P I LATEST DATA PLOTTED: 4TH QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 28 10 PRODUCTION AND P R IC E VALUE OF CONSTRUCTION CONTRACTS LET* NOT SEASONALLY ADJUSTED INDEX: 1974-100 4TH QUARTER 1977 3RD QUARTER 1977 TOTAL BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK L IT T L E ROCK-NORTH LIT T LE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY L O U ISV IL LE: K Y -IN M IS S IS S IP P I MISSOURI - EAST ST. LOUIS: M O-1L SPRINGFIELD: MO TENNESSEE - WEST MEMPHIS: TN-AR-MS RESID EN TIA L BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK L IT T L E ROCK-NORTH L IT T L E ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY L O U ISV IL L E : K Y -IN M IS S IS S IP P I MISSOURI - EAST ST. LOUIS: MO-1L SPRING FIELD : MO TENNESSEE - WEST MEMPHIS: TN-AR-MS P R E S I D E N T I A L BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK L IT T LE ROCK-NORTH L IT T LE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LO U ISV IL LE : K Y -IN M IS S IS S IP P I MISSOURI - EAST ST. LOUIS: M O-1L SPRING FIELD: MO TENNESSEE - WEST MEMPHIS: TN-AR-MS PERCENTAGE CHANGE 4TH QTR 1976 TO 4TH OTR 1977 160.2 171.1 160.3 166.2 131.8 143.1 161.8 130.7 171.6 207.7 34.3 38.3 19.7 36.3 204.9 144.6 54.3 189.4 251.0 168.9 166.1 190.1 185.4 278.1 115.7 104.4 163.2 85.3 166.8 273.7 96.7 225.8 137.2 141.8 232.2 95.1 82.4 16.7 -6 6 .7 51.2 31.4 12.4 46.3 37.9 48.2 -0.9 -4.6 -17.1 198.8 202.7 180.9 217.5 184.2 173.7 183.3 161.2 216.7 210.7 36.5 50.6 35.4 62.2 119.2 144.5 113.9 199.7 346.2 135.8 209.9 214.6 202.0 353.2 160.1 153.8 177.6 200.2 180.2 294.2 112.6 189.4 179.0 162.1 328.6 136.5 131.1 53.8 133.0 65.0 -2-.1 56.9 47.0 25.5 22.5 10.3 44.5 44.5 121.2 135.5 139.8 99.3 34.3 112.3 137.7 100.5 112.8 197.2 9.4 23.2 1.1 -2.7 1135.7 145.0 142.7 -1 8 .4 38.8 30.2 -88.1 177.2 150.9 35.3 142.0 250.1 144.3 203.2 60.1 -2 0 .4 110.3 272.1 45.8 98.9 167.5 65.1 170.1 123.2 98.4 196.9 128.2 - 2 2 .7 55.4 -47.1 73.1 - 6 1 .4 62.5 41.1 *USEO WITH THE PERMISSION OF DODGE CONSTRUCTION POTENTIALS, MCGRAW-HILL INFORMATION SYSTEMS COMPANY PREPARED BY FEDERAL RESERVE BANK OF ST. 29 INDICATORS PRODUCTION ANO P R IC E INDICATORS HOUSING PERMITS SEASONALLY ADJUSTED INDEX: 1971-100 250 190 130 70 10 250 190 130 70 10 250 190 130 70 10 M IS S O U R I 250 190 130 70 10 30 PRODUCTION AND P R IC E INDICATORS HOUSING PERMITS SEASONALLY ADJUSTED INDEXi OCTOBER 1977 PERCENTAGE CHANGE 3 MONTHS ENDING DECEMBER. 1971-100 NOVEMBER 1977 DECEMBER 1977 FROM SAME MONTHS A y ea r _ agql- FROM PREVIOUS 3 MONTHS (ANNUAL RATE,) 103.2 95.3 00 20.6 CMV STATE SUMMARY 72.1 95.0 68.4 -35.2 9.3 CMV M ETR O PO LITA N SUMMARY 51.0 86.1 63.5 27.2 19.3 A RKA NSA S LITTLE ROCK-NORTH LITTLE ROCK: AR 104.1 151.3 98.6 72.3 34.1 63.9 83.8 74.3 186.1 17.1 KENTUCKY L O U ISV IL LE: K Y -IN 67.6 41.8 54.3 43.2 109.6 97.0 -36.0 59.7 27.8 36.4 M IS S IS S IP P I 49.2 159.8 59.0 44.8 47.1 M IS S O U R I ST. LOUIS: M O-1L 76.1 82.6 96.5 126.3 65.8 63.0 -41.7 18.7 -2.2 17.8 TEN N E SSE E MEMPHIS: TN-AR-MS 63.4 33.0 80.9 50.3 54.2 39.9 -65.9 47.6 -1.6 14.8 CM 91.2 to U N ITED S T A T E S STATE SUMMARY-HOUSING PERMITS COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL INITIAL QUARTER 1971«100 QUART€R 1-73 2-73 2-73 - 54*4 3-73 - 51.7 - 4 8 .8 4-7 3 - 45.3 - 40.1 3 -7 3 1-74 4-7 3 2-74 4-74 1-75 2-75 3-75 4-75 1-76 2-76 3-76 4-7 6 1-77 2-77 3-77 94.1 79.6 - 3 0 .0 72.8 1-7 4 - 50.1 - 4 8 .6 - 4 8 .5 - 62.2 2-74 - 4 6.0 - 43.7 - 41.9 - 47.0 - 25.8 3-74 - 4 9 .1 - 48.0 - 4 7 .7 - 52.6 - 4 6 .9 - 62.0 4-7 4 - 52.3 - 52.0 - 5 2 .6 - 57.0 - 55.1 - 65.1 1-75 - 4 6 .4 - 45 .1 - 4 4 .5 - 4 7.0 - 4 2 .4 2-7 5 - 35.0 - 32.0 - 29 .2 - 29.1 - 19.6 3-75 - 29.1 - 25.5 - 2 1 .9 - 20.7 - 10.3 4-75 - 27.5 - 24.1 - 2 0 .7 - 19.4 - 10.2 18.7 - 14.8 - 12.9 - 3 .4 - 15.8 - 14.2 - 6.1 22.7 - 19.2 3-76 - 16.9 - 12.9 - 4-7 6 - 11.7 1-77 - 13.8 - 6.8 41.6 - 68 .0 - 37.5 31.3 22.1 32.9 17.9 6.1 93.1 205.6 - 6 .9 16.6 79.3 117.3 54.5 - 7 .3 10.8 51.1 18.2 62.3 43.5 48.5 - 9.5 0 .3 18.0 53.1 62.0 31.1 20.8 3 .3 10.6 35.9 38.9 14.0 3 .0 2 .0 5 .7 20.1 45.0 49.3 29.3 2 3 .7 - 47.3 61.2 53.3 10.0 T 25.0 49.6 37.3 26.7 114.1 60.0 7 .4 - 3.1 - 0 .5 8 .7 12.9 27.5 51.5 56.2 3 9 .7 3 6.9 51.8 48.8 109.5 105.1 10.1 - 6 .4 - 4 .3 3 .4 6 .6 18.2 36.7 38.6 23.8 19.3 26.1 18.6 - 0 .6 1.9 9 .9 13.6 25.5 43.9 46.5 33.6 30 .9 39.2 35.2 56.7 41.2 17.1 128.5 2 .4 5.0 13.0 16.7 28.1 45.3 47.9 36.4 34.3 42.1 39.2 57.5 45.8 30.2 91.7 60.8 0 .3 1.9 8.9 11.9 21.6 35.9 37.2 26.6 2 3 .9 26.8 24.8 35.8 2 4 .0 9 .3 33.5 2.1 3 -7 3 4-7 3 1-74 2-74 3-74 4-74 1-75 2-75 3-75 4-75 1-76 2-76 3-7 6 4-76 1-77 2-77 - - 9 .0 - • 22.5 - 53.0 o - 2-76 57.1 T 1-76 - 2-77 - 8 .7 - 4 .7 3-77 - 5.8 - 1.7 4-77 - 7 .6 - 3 .V 1-73 3-74 2-73 - 38.1 11.0 71.8 - 40.0 63.2 77.7 87.5 - 35.2 78.5 3-77 INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 31 PRODUCTION AND P R IC E INDICATORS PRICES RECEIVED BY FARMERS - UNITED STATES NOT SEASONALLY ADJUSTED BEEF CATTLE CORN 350 — — — 270 190 110 .11 1D1,11 lll.l l l l l l l l . i l II l l L - l 111,1,11 u l n l u l - u . i i l i i h i l n 30 BROILERS 350 270 190 110 30 HOGS 350 270 190 110 30 MILK 350 — — 270 190 110 illlllulll 1111 i l l 11 H 11 111 1I I 1II. n 111 11 i L l illlllulll 350 350 270 30 TURKEYS UPLAND COTTON — 270 — 190 190 110 110 30 1111111 ftil1 11111111111 11111111111 11111111111 11111111111 1973 1975 1977 1976 1974 30 LATEST DATA PLOTTEOi DECEMBER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 32 PRODUCTION AND P R IC E INDICATORS PRICES RECEIVED BY FARMERS - UNITED STATES NOT SEASONALLY ADJUSTED INDEXt ALL CROPS CORN RICE SOYBEANS TOBACCO UPLAND COTTON L IV E S T O C K AND L IV E S T O C K PRODUCTS BEEF CATTLE BROILERS HOGS MILK TURKEYS PERCENTAGE CHANGE 3 MONTHS ENDING DECEMBER. 1977 1871-100 FROM SAME MONTHS A YEAR AGO OCTOBER NOVEMBER DECEMBER 1977 1077 1977 FROM PREVIOUS 3 MONTHS (ANNUAL RATE) 165.6 172.1 170.2 16.1 -4 .9 131.7 168.1 179.6 158.7 217.6 148.3 192.2 190.9 161.8 210.7 156.2 203.5 193.3 162.4 200.0 37.0 165.1 - 1 3 .8 16.5 - 5 0 .9 -16.1 53.3 -1 1 .2 3.6 -1 9 .7 150.5 148.0 153.1 -1 .6 7.3 122.1 167.9 222.6 166.6 166.5 119.4 152.6 209.2 165.4 -176.6 123.2 146.8 231.5 165.4 183.9 5.1 -4 3 .2 -2 5 .4 1.9 66.4 11.3 6.0 16.6 -1 .2 21.8 PRICES RECEIVED BY FARMERS COMPOUNDED ANNUAL RATES OF CHANGE INITIAL QUARTER TERMINAL 1971*100 QUARTER 4 -7 3 1-74 2-74 4-7 4 3-74 1-75 2-75 3-75 4-75 1-76 2-76 3-7 6 4-7 6 1-77 2-77 3-7 7 153.5 177.8 80.0 167.4 4-7 3 31 *1 18.9 1-74 32 .7 24.8 2-74 12.6 3 .3 3-74 15.5 8 .3 — 4-7 4 14.3 8.2 - i—75 7 .1 1.2 - 8 .0 - 5.1 - 2.2 - 8 .7 2.1 1.6 - 3 .4 6 .9 3 .3 - 2 1 .4 - 181.3 37.6 4 .0 10.4 - 4 .7 1.7 - 2 .3 3.2 1 4 .2 - 12.6 30.6 6 .3 18.7 - 158.5 4 1 .6 13.5 2-75 7 .8 2 .7 - 5 .2 3-75 9 .7 5 .2 - 1 .6 4-75 7 .5 3 .3 - 2 .9 - 0 .3 - 4 .7 - - 1.4 1-76 6 .5 2 .7 - 2 .9 0 .6 - 4 .6 2 .3 2-76 7 .0 3 .5 - 1 .5 0 .7 - 2 .7 3 .7 3-76 6 .0 2 .7 - 2 .0 0 .0 - 3.1 2 .5 4-7 6 3 .7 0 .5 - 3 .9 2.2 - 5.2 0 .5 1-77 4 .9 2 .0 - 2 .0 2-77 5 .0 2 .3 - 1 .5 3-77 3 .1 0 .5 - 3 .1 4-77 3 .3 0 .8 - 2 .6 1-73 2-73 3 -7 3 - - 169.5 172.7 7.8 - 14.4 - 6 .0 - - 156.8 32.0 161.8 12.2 13.4 1.6 - 0 .4 20.6 28.3 1.4 - 3 .6 8.3 5 .9 172.2 - - 3 .6 5.2 2 .6 - 8 .2 - 0 .9 6.9 5.3 - 1.4 4 .7 13.7 - 0 .6 - 1.8 4 .5 2 .8 - 2 .8 0 .7 2.9 - - 4 .8 2 .2 - 7 .4 — 6.1 2 .6 - - 3.5 - 0.1 - 0 .3 - 3 .0 - 0 .9 - 1.8 2.8 1.3 - 0.2 - 2.3 2 .0 - 0 .3 - 1.0 3.2 2 .0 - 1.3 - 1.8 - 4 .1 0 .4 - 2 .6 - 3.5 - 1.3 - 3 .4 0 .1 - 1.9 - 1-74 2-74 4-73 - 165.0 1.8 0 .3 1.6 - 166.5 12.6 3-74 - 3 .6 170.4 6 .9 0 .4 0 .4 - 3 .7 0 .7 1.6 - 1.2 - 167.4 6 .9 - 23 .8 156.4 165.6 - 2.1 25 .7 0 .7 15.8 0 .1 - 1 .5 - 4 .7 - 3.5 - 3 .5 - 6 .6 - 6 .5 0 .1 2.7 0.5 - 0 .7 - 3 .5 - 2.2 - 2.1 - 4 .5 - 4 .0 1 .7 4-7 4 1-75 3-7 6 4-7 6 - 2-75 3-75 4-75 1-76 2-76 168.3 6.7 1H lo - - • 59*5 69.4 3-7 3 1 2-73 3-73 2-73 V* ■ o» 1-73 - 25.2 5.2 - 10.6 6 .8 2-77 3-7 7 1-77 156.5 159.1 INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 33 FIN A N CIA L INDICATORS METROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1974-100 L IT T L E ROCK - NORTH L IT T L E ROCK: AR — — ■1 t l j . j j . l - l l I. tIi111111 l.l 1, 11111111111 ■■■llLl 1 1.1 1 1.1 i. LO UISVILLE: 34 KY-IN FIN A N CIA L INDICATORS METROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED PERCENTAGE CHANGE INDEX. 1974-100________ TOTAL LOANS UNITED STATES METROPOLITAN SUMMARY* COLUMBIA. MO E V A N S V IL L E . IN -K Y F A Y E T T E V IL L E S P R 1NGDALE: AR FORT S M IT H . AR L I T T L E ROCK-NORTH L I T T L E ROCK. AR L O U IS V IL L E . K Y - I N MEMPHIS: T N -A R - MS P IN E BLUFF: AR ST. L O U IS : M O - 1L S P R IN G F IE L D : MO TEXARKANA: AR TOTAL D E P O S IT S UNITED STATES METROPOLITAN SUMMARY* COLUMBIA. MO E V A N S V IL L E : IN -K Y F A Y E T T E V IL L E SP R IN G D A L E: AR FORT S M ITH : AR L I T T L E ROCK-NORTH L I T T L E ROCK: AR LO U IS V IL L E : K Y -IN MEMPHIS: T N - A R - M S P IN E BLUFF: AR ST. L O U IS : M O - 1L S P R IN G F IE L D : MO TEXARKANA: AR 3 MONTHS ENDING DECEMBER. 197? NOVEMBER DECEMBER 1977 1977 1977 FROM PREVIOUS 3 MONTHS (ANNUAL RATE) 115.2 122.6 144. 4 139.9 116.6 122.4 143.4 137.9 117.6 124.5 141.1 146.4 14.2 11.8 -5.9 19.3 11.6 11.5 11.1 17.9 183.9 149.0 190.2 152.4 197.3 157.8 14.9 27.4 27.7 21.3 150.2 133.0 95.8 142.1 116.1 151.0 147.5 148.6 130.2 97.0 136.0 117.2 148.3 146.5 151.2 133.2 100.1 135.7 118.2 151.3 150.5 9.0 8.6 9.5 15.6 10.9 4.9 43.9 14.0 18.9 7.8 12.2 6.0 16.0 23.9 119.6 123.1 142.3 145.2 120.8 123.7 143.9 145.0 121.9 125.0 145.5 148.5 9.1 6.4 8.2 11.7 8.4 6.5 8.0 12.7 158.8 149.1 160.9 150.3 163.7 155.0 12.3 18.8 11.2 19.7 140.8 132.9 109.4 136.3 114.7 148.2 140.2 140.8 133.3 109.0 138.3 115.1 144.0 142.8 141.9 135.3 110.4 137.8 115.8 149.5 145.3 6.5 4.3 11.2 14.1 4.3 14.7 0.5 14.4 12.7 2.2 24.0 6.1 6.2 24.1 AVERAGE NUMBER OF MEMBER BANKS OCTOBER 1977 STATE SUMMARY 419.00 (E IG H T H D I S T R I C T ) METROPOLITAN SUMMARY* 127.00 NONMETROPOLITAN SUMMARY 290.00 ARKANSAS 78.00 F A YE TTEV 1L L E 6.00 S P R 1NGDALE: AR 3.00 FORT S M ITH : AR L I T T L E ROCK-NORTH 7.00 L I T T L E ROCK: AR 4.00 P I N E BLUFF: AR 3.00 TEXARKANA: AR NONMETROPOLITAN AREAS 53.00 KENTUCKY 41.00 8.00 LO U IS V IL L E : K Y -IN NONMETROPOLITAN AREAS 31.00 132.00 IL L IN O IS NONMETROPOLITAN AREAS 104.00 40.00 IND IA NA E V A N S V IL L E : IN -K Y 13.00 NONMETROPOUTAN AREAS 27.00 16.00 M IS S IS S IP P I NONMETROPOUTAN AREAS 15.00 97.00 M IS S O U R I 4.00 COLUMBIA: MO 65.00 ST. L O U IS : M O - 1L 5.00 S P R IN G F IE L D : MO NONMETROPOUTAN AREAS 51.00 15.00 TENNESSEE MEMPHIS: T N -A R -M S 9.00 NONMETROPOLITAN AREAS 9.00 * EXCLUDES BANKS IN TWO METROPOLITAN AREAS FROM SAME MONTHS A YEAR AGO OCTOBER NOVEMBER 1977 DECEMBER 1977 418.60 126.60 290.00 78.00 419.00 126.00 291.00 78.00 429.20 130.20 297.00 81.00 6.00 3.00 6.00 3.00 6.00 3.00 7.00 4.00 3.00 53.00 41.00 8.00 31.00 131.60 104.00 40.00 13.00 27.00 16.00 15.00 97.00 4.00 64.60 5.00 51.00 15.00 9.00 9.00 7.00 4.00 3.00 53.00 41.00 8.00 31.00 131.00 104.00 40.00 13.00 27.00 16.00 15.00 98.00 4.00 64.00 5.00 52.00 15.00 9.00 9.00 7.00 4.00 3.00 56.00 41.00 8.00 31.00 134.20 104.00 41.00 13.00 28.00 16.00 15.00 100.00 4.00 68.20 5.00 53.00 16.00 9.00 10.00 DECEMBER 1976 PREPARED BY FEDERAL RESERVE BANK OF 35 FIN A N CIA L INDICATORS NONMETROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1974-100 NONMETROPOLITAN ARKANSAS 210 170 — 130 90 L l i i l L u lu , ■L-l L x i I j J±U _ 1 1 1.1 l l j 1111 LX 11 1 1t i l l 1, 50 NONMETROPOLITAN KENTUCKY 210 170 130 90 50 NONMETROPOLITAN M I S S I S S I P P I 210 — — 170 130 90 n i l il l i l i t 11 l.i 11u 111 l l l u - b i 11 _i_l I_liL ix L Li, 50 NONMETROPOLITAN M ISSOURI 210 — — 170 130 90 -u 111 Ln.l 11 ■Lilli 1II NONMETROPOLITAN TENNESSEE 36 1 11 iiluliiln ■Li 1.l.lX.l lJ. LJ- 50 FIN A N CIA L INDICATORS NONMETROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1974-100________ PERCENTAGE CHANGE 3 MONTHS ENDING DECEMBER. 1977 FROM SAME MONTHS A OCTOBER 1977 NOVEMBER 1977 DECEMBER 1977 FROM PREVIOUS 3 MONTHS (ANNUAL RATE) TOTAL LOANS NONMETROPOLITAN SUMMARY ARKANSAS IL L IN O IS INDIANA KENTUCKY M IS S IS S IP P I MISSOURI TENNESSEE 146.8 138.0 164.6 140.3 158.3 133.1 144.4 132.5 148.1 138.5 166.2 142.2 159.9 >36.1 144.7 133.1 150.5 139.8 169.5 144.6 160.3 139.4 148.6 134.7 16.0 14.8 17.2 10.1 15.7 30.6 13.0 13.6 15.6 12.3 18.3 12.1 18.5 18.6 14.6 14.8 TOTAL DEP OS I T S NONMETROPOLITAN SUMMARY ARKANSAS IL L IN O IS INDIANA KENTUCKY M IS S IS S IP P I MISSOURI TENNESSEE 135.3 129.2 141.8 129.1 146.9 133.9 135.3 124.2 136.4 130.2 142.8 129.7 148.9 137.0 135.4 124.8 138.1 131.0 145.1 131.3 149.8 140.2 138.0 126.3 10.6 10.1 9.5 0.3 13.4 32.5 6.1 9.8 9.3 5.9 10.0 4.8 13.2 16.4 10.0 9.8 ..YEAR ASfl- STATE MEMBER BANK DATA SEASONALLY ADJUSTED __________ INDEX: 1974-100________ PERCENTAGE CHANGE 3 MONTHS ENDING DECEMBER. 1977 OCTOBER 1977 NOVEMBER 1977 DECEMBER 1977 FROM PREVIOUS 3 MONTHS (ANNUAL RATE) STATE SUMMARY (EIGHTH D IS T R IC T ) ARKANSAS IL L IN O IS INDIANA KENTUCKY M IS S IS S IP P I MISSOURI TENNESSEE 129.4 145.8 150.5 135.2 139.9 134.3 120.1 99.8 129.4 145.6 149.0 135.3 137.5 137.2 121.4 100.8 131.5 147.9 149.8 140.5 139.9 140.6 123.8 103.7 12.9 14.3 9.6 14.3 10.7 30.7 12.0 10.1 12.7 15.0 11.5 15.8 19.1 19.2 8.7 8.7 TOTAL DEP OS I T S STATE SUMMARY (EIGHTH D IS T R IC T ) ARKANSAS IL L IN O IS IN D 1ANA KENTUCKY M IS S IS S IP P I MISSOURI TENNESSEE 127.3 136.8 134.5 132.5 139.1 135.3 118.8 110.9 128.0 137.6 132.3 132.4 139.4 138.4 120.2 110.8 129.3 138.6 132.8 134.4 141.3 141.5 121.1 112.3 7.9 11.2 0.9 5.9 8.1 32.5 9.1 2.9 7.6 9.7 5.0 8.8 13.6 16.8 4.0 4.8 FROM SAME MONTHS A YEAR AGO_ TOTAL L OANS PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 37 F IN A N CIA L INDICATORS SAVINGS AND LOAN ASSOCIATION DATA SEASONALLY ADJUSTED INDEX: 1974-100 220 TENNESSEE 220 180 180 140 140 100 100 60 60 38 FIN A N CIA L INDICATORS SAVINGS AND LOAN ASSOCIATION DATA SEASONALLY ADJUSTED INDEX. OCTOBER 1977 TOTAL SAVINGS UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR LIT T LE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY L O U ISV IL LE: K Y -IN M IS S IS S IP P I MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR-MS MORTGAGE LOANS OUTSTANDING, UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR L IT T LE ROCK-NORTH LIT T LE ROCK: AR PINE BLUFF: AR KENTUCKY L O U ISV IL LE: K Y -IN M IS S IS S IP P I MISSOURI ST. LOUIS: MO-1L SPRING FIELD: MO TENNESSEE MEMPHIS: TN-AR-MS 1974-100________ MAlfrllRriT IYU V L M T > C.n . 1.977 _ DECEMBER 1977 PERCENTAGE CHANGE 3 MONTHS ENDING DECEMBER. 1977 FROM PREVIOUS 3 MONTHS (ANNUAL RATE) FROM SAME MONTHS A ■ XEAP AS&- 162.7 163.5 157.8 169.2 160.4 164.1 165.2 159.2 171.1 161.8 166.2 166. SF 161.1 173.2 163.3 16.3 16.2 16.0 17.6 13.4 15.9 16.9 14.7 18.1 12.7 162.4 150.9 160.3 154.9 200.4 157.2 158.5 139.4 163.4 161.7 163.3 152.6 161.3 156.2 202.6 158.8 160.1 141.0 165.4 163.8 165.4 153.6 163.j) 157.6 204.0 160.6 162.2 140.4 167.1 164.9 12.1 14.3 12.2 16.0 17.5 14.8 16.2 14.3 17.7 20.7 17.0 15.5 15.1 12.1 39.2 13.9 14.7 22.5 17.0 14.7 153.3 157.4 148.3 169.7 166.5 155.8 160.2 151.2 172.4 167.4 157.9 162.5 153.3 174.8 169.0 19.9 20.2 18.3 22.4 11.8 18.2 19.0 16.2 21.4 17.8 160.6 149.1 156.6 144.3 180.3 151.3 147.7 138.3 158.0 145.7 162.7 151.5 159.1 146.6 183.6 153.7 151.3 139.0 160.5 147.7 164.5 153.0 161.7 149.1 186.0 155.9 153.7 140.9 163.3 149.5 22.4 19.9 20.7 16.8 22.9 17.3 19.9 13.0 22.0 17.1 19.2 21.3 17.4 13.1 37.4 16.2 16.1 27.0 19.0 14.0 NUMBER OF SAVINGS AND LOAN ASSOCIATIONS OCTOBER UNITED STATES ARKANSAS FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LO U ISV ILLE: K Y -IN M IS S IS S IP P I MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR-MS NOVEMBER DECEMBER DECEMBER 1977 _ 1977 1977 1976 4063 71 4 4066 71 4 4065 71 4 4044 71 5 7 3 107 12 58 112 55 5 93 6 7 3 104 12 58 112 55 5 93 6 7 3 7 3 108 12 41 113 55 5 76 4 58 112 55 5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 39 POPULATION Bureau of the Census Percentage Change 1975 1970 from from 1970 1960 (annual rates) 1970 1975 203,305,000 213,051,000 .9 15,964,668 16,809,000 1.0 .7 CMV Metropolitan Areas 5,654,793 5,838,500 .6 1.3 Arkansas FayettevilleSpringdale: AR Fort Smith: ARtOK Little Rock-Notth Little Rock: AR Pine Bluff: AR Texarkana: AR-TX 1,923,322 2,116,000 1.9 .7 127,846 160,421 149,100 201,400 3.1 4.7 3.3 1.7 323,296 85,329 113,488 367,300 83,700 114,700 2.6 -r .4 .2 1.7 .5 1.2 Kentucky ClarksvilleHopkinsville: KY-TN Evansville: IN-KY Louisville: KY-IN Owensboro: KY 3,220,711 3,396,000 1.1 .6 118,945 284,959 867,330 79,486 143,800 287,500 891,700 81,200 3.9 .2 .6 .4 .6 .5 1.4 1.2 Mississippi 2,216,994 2,346,000 1.1 .2 Missouri Columbia: MO St. Louis: MO-IL Springfield: MO 4,677,623 80,935 2,410,602 168,053 4,763,000 88,200 2,369,400 187,300 .4 1.7 - .3 2.2 .8 3.9 1.2 1.9 Tennessee Memphis: TN-AR-MS 3,926,018 834,103 4,188,000 873,200 1.3 .9 1.0 1.4 United States CMV States 1.3
@FedFRASER