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■Is/ncV TRAL MiSSiSSiPPI VALLEY " NOMiC iNDiCATORS Prepared by Federal Reserve Bank of St. Louis 1ST Q U A R T E R 1 9 7 9 Released: June 6, 1979 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. 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. Car registrations for Kentucky are estimated for the period from February to September 1978. 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 data for the Eighth Federal Reserve District are based on reports to this Bank from various utility and selfgenerating firms in the District and U.S. data are obtained from the Board of Governors of the Federal Reserve System. 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 The expansion of economic activity in the Central Mississippi Valley (CMV) continued in the first quarter of this year, completing the fourth year of expansion. This is the second longest expansion in the post World War II period. Personal income in the five CMV states increased at a 12.2 percent annual rate from the first quarter of 1975 to the fourth quarter of 1978, slightly faster than for the U.S. as a whole. Payroll employment advanced at a rapid 4.1 percent rate from the first quarter of 1975 to the first quarter of 1979, compared with a 3.5 percent rate for the U.S. The rate of expansion has varied among individual states and metropolitan areas (SMSAs). Payroll employment, for example, advanced at rates of 5.2 percent in Mississippi, 4.8 percent in Kentucky, 4.6 percent in Arkansas, 4.0 percent in Tennessee, and 3.1 percent in Missouri. Employment gains have been greater in the smaller SMSAs than the larger ones. Fort Smith led the SMSAs in payroll employment growth with an annual rate of gain of almost 7 percent, followed by Little Rock, Pine Bluff, and Evansville with approximately 4 percent rates of increase. In contrast, the three largest SMSAs — Louisville, Memphis, and St. Louis — had gains of 3.5, 2.5, and 2.0 percent, respectively. In the first quarter of this year, employment posted large gains in the five CMV states with manufacturing employment rising at a 5.7 percent annual rate and nonmanufacturing employment at a 4.8 percent rate. Over the past four quarters, however, manufacturing employment increased only 1.7 percent, down substantially from the increase in the previous year, while nonmanufacturing employment increased 5.2 percent, nearly identical to the increase in the previous year. The rapid gains in payroll employment in the first quarter would normally indicate large increases in the output of goods and services. However, output per hour of all persons in the U.S. private business sector declined at a 4.6 percent annual rate in this period, partially reflecting severe weather conditions early in the quarter. Assuming a similar decline in productivity occurred in the CMV region, gains in output were not as robust as the employment growth suggests. Rapid employment growth has reduced unemployment rates in the CMV region from year-ago levels. Unemployment in the CMV states averaged 4.8 percent of the work force in March, down from 5.6 percent a year ago. Construction activity continued to gain in the first quarter of this year despite adverse weather early in the quarter and some weakening in the residential market. Construction employment in the five CMV states rose at a 16.1 percent annual rate from the fourth quarter of 1978 to the first quarter of this year and for the year was up a hefty 15 percent from a year ago. This strength reflected a sharp increase in nonresidential building and little change in residential building. The value of nonresidential building contracts let in the first quarter was 93 percent above a year ago. On the other hand, the value of residential contracts was about the same as a year ago. Housing permits issued in the CMV states were down about 25 percent, whereas for the U.S. as a whole, housing permits were down only about 10 percent. 3 INCOME AND TRADE I N D I C A T OR S PERSONAL INCOME SEASONALLY ADJUSTED INDEX: 1 97 1 -1 0 0 1 9 7 1 -1 0 0 1 9 7 1 -1 0 0 ARKANSAS KENTUCKY 260 220 180 140 100 260 220 180 140 100 260 260 220 220 180 180 140 140 100 100 INCOME ANO TRADE PERSONAL INDICATORS INCOME SEASONALLY ADJUSTED INDEX! COMPOUNDED ANNUAL RATES OF CHANCE 1971-100 3RD OTR 1978 TO 4TH OTR 1978 4TH QUARTER 1978 3RD QUARTER 1978 4TH QTR 1977 TO 1TH QTR 1978 202.6 209.2 13.7 12.6 213.9 220. 1 12.2 12.9 ARKANSAS 236.2 242.3 10.7 15.2 KENTUCKY 220.5 227.3 12.8 13.2 M IS S IS S IP P I 230.4 229.5 -1.6 13.5 MISSOURI 195.9 203.5 16.4 11.2 TENNESSEE 215.8 223.2 14.3 13.6 UNITED CMV STATES STATE SUMMAR Y ___STATE SUMMARY—PERSONAL INCOME__ COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL IN IT IA L QUARTER 197 1 *1 0 0 flUMTfcft__________________________________________________________ ____ — --- ----------- ---- — 1- 7 * 2- 7* 3- 7* * - 7* 1-75 2-75 3-75 *-75 1-76 2-76 3-76 *-76 1-77 2-77 3-77 *-7 7 1-78 2-78 137.0 2 - 7* 11. e 3- 7 * 4 1 .6 . 11.6 160.8 * —7 * 9 .* 8.3 5 .2 1-75 7 .1 5 .6 2 .7 0.3 1* 2 . 6 7 .0 l*.l 9 .7 1* . 8 * 2 .7 1 2-75 8 .* 7 .7 6 .* 3-75 9 .6 9 .2 8 .6 *-75 9 .7 9.* 8 .9 9 .9 1 3.3 12 .9 10.3 1-76 10.1 9. 9 9.6 10.5 13.2 1 2 .9 11 .6 1* 7 . 5 15 .5 1 5 2.9 1 5 6 .7 12.8 1 6 1.5 2-76 9 .7 9.5 9 .2 9.9 11 .9 11.3 10 .0 9.8 6 .9 3-76 9 .6 9. * 9 .1 9 .7 11 .3 10.8 9.6 9 .* 7.7 8.5 *-76 9.9 9 .8 9 .6 10.1 11.6 11.2 10.3 10.3 9 .5 10.9 13.3 1-77 10.1 10 .0 9 .8 10.3 11.7 11.3 10.6 10 .7 10 .2 1 1 .3 1 2.7 12.1 2-77 1 0 .* 10.3 1 0.2 10.7 11.9 1 1.6 11.1 11.2 10.9 1 1.9 13.1 13 .0 1 6 *.2 167.6 172.9 1 7 7 .V 13.9 183.8 3-77 1 0 .* 10.3 1 0.2 1 0 .7 11 .8 11.5 11 .0 11.1 10.8 11.6 1 2 .* 12.1 12.2 10.* *-7 7 1 0 .7 10 .6 1 0.5 11.0 12.0 11.8 11.* 11.6 11.* 12.1 1 2.9 12.8 13 .0 1 2.6 1 *.8 1-78 10.* 1 0 . ■> 1 0 . A. 1 0.6 11.5 11.3 10.9 10 .9 10.7 11.3 1 1.7 11. * 11.2 10.* 1 0.3 6 .1 188.* 195.0 197.9 2-78 11.0 11.0 11 .0 11.* 12.3 12.1 11.8 12.0 11.9 12.5 1 3.1 13.1 13.3 13 .1 1 *.0 1 3.7 2 1.8 3-78 1 1.1 11. 1 1 1.0 11.* 12.3 12.1 11.8 12.0 11.9 12 .5 13.0 12.9 13 .1 12.9 1 3 .5 13.1 16 .8 12.1 *-78 11.1 11.1 1 1 .1 11.5 12.2 12.1 11 .9 12.0 11.9 12.* 1 2 .9 12.8 12.9 12.8 1 3 .2 12.9 15.2 12.1 ar i * . .A - I H 1-75 2-75 J -75 + -75 1-76 .2 - 7 6 3 t 76 - 6 - 7 6 1-77 2-77 ■3 - 7 7 *-77 i-ia . 1 3-78 - fr-7 * 207.9 2 1 3 .9 12 .1 220.1 . 2 = 2 8 3 r 2 B____ IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 INCOME AND TRADE INDICATORS DEPARTMENT STORE SALES SEASONALLY ADJUSTED INDEX* 1 9 7 1 -1 00 - u . s . 1 ________ SUSA'S 270 197t - 100 350 .. — 190 190 \ it ■■ 1 1— 197 1 -1 00 350 .ill i ill l i l t 1973 -l.-L . L t l L l . i .1. 1 . 1 i- l- Lt-i l L 1 - 1..L L . ■ 1 l I i -I 1 1 1 1 1 1 . 1 i L i .i l. L I 1 - t. l . .1 , 1 1 L-I. i l . 1 l l -L.. 1974 LITTLE 1975 ROCK - 1976 1977 NORTH L I T T L E 1979 1978 ROCK: 1 30 • 1 110 30 AR 350 350 270 — ✓ — *— " — 270 190 19.0 110 110 30 \ 1 1 1 111 l 1 1 1.. -.1.. L1 .1.1. L l.1 i.1 | i l l i i. li.i-L i i- 1 1 1 1 1 1 1 1.1.1 1., 1 1 1,1 1 1 1.1 1 1 1, u 1 ,lj..L 1.1,1, I X ■111. I. lI LO UISVILLE: i - i J.11. 30 K Y -IN 350 270 190 110 30 6 INCOME AND TRADE INDICATORS DEPARTMENT STORE SALES SEASONALLY ADJUSTED INDEXi COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING FEBRUARY 1 1971-100 FROM SAME MONTHS A YEAR AGO DECEMBER 1978 JANUARY 1979 FEBRUARY 1979__ FROM PREVIOUS ? MONTHS UNITED STATES 194.8 191.8 189.5 4. 1 5.9 CMV METROPOLITAN SUMMARY 185.0 166. 1 184.0 -6.9 6.5 289.0 267.0 500.0 -0.6 7.7 298.5 291.1 283.7 6.6 6.5 177.2 154.8 166.0 -8.7 11.9 170.7 155.2 165.2 175.5 15 9 . 1 178.9 204.7 182. 1 201.4 FORT SMITH: AR- OK L I T T L E ROCK- NORTH LI TTLE ROCK: AR L O U I S V I L L E : KY- IN MEMPH I S : TN- AR- MS ST . LOUIS : M O - 1L S PR I NGF I EL D: MO - - 12.2 5.1 -3.4 5.4 14.8 2.5 3K DATA NOT COMPARABLE, SEE INCOME AND TRADE INDICATORS, PAGE 2 U .S . DEPARTMENT STORE SALES COMPOUNDED ANNUAL RATES OF CHANGE 1 -7 4 ------ 2F75 ------ 3 - 7 4 1 9 7 1 *1 0 0 IN IT IA L QUARTER TERMINAL QUARTER 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 1 2 8 .1 ■5 .T 1 2 8 .5 372"— I T T " 1 2 6 .1 ------ S=75” ~ - 0 * 4 -3 .1 - 7 .3 ------ 1 -7 5 - 0 .6 -1 .6 4 .5 6 .6 " TZ775 155 79 2 -7 5 4 .7 4 .5 5 .6 1 2 .6 2 1 .6 3 -7 5 5 .3 5 .3 6 .3 1 1 .3 1 4 .8 — 8 .3 ” 4 -7 5 5 .3 5 .3 6 .2 9 .8 1 1 .7 7 .0 5 .7 1 -7 6 5 .9 6. 1 6 .9 1 0 .0 1 1 .4 8 .1 8 .1 1 6 .5 Z—7 6 5 *6 5. 4 6 *3 8«t 9 .6 6 .7 6 .2 575 2 .6 3 -7 4 6 .1 6 .2 6 .9 9 .1 9 .9 7 .6 7 .5 67 1 67? 1 1 .4 6 -7 6 7 .2 7 .4 8 .1 1 0 .2 1 1 .1 9 .4 9 .6 1 0 .6 1 0 .7 1 4 .9 1 8 .6 1 -7 7 7 .1 7 .3 7 .4 9 .8 10 . 4 8 .9 9 .0 577 9 .5 1 1 .9 1 2 .2 6 .1 2 -7 7 7 .2 7 .4 8 .0 9 .6 1 0 .2 8 .9 8 .9 9 .5 9 .3 1 1 .1 1 1 .0 7 .3 1 3 6 .6 153 75 1 4 2 .0 1 4 2 .9 1 4 6 .8 1 5 3 .2 1 5 5 .5 8 .5 1 5 8 .7 3 —77 8 .5 8 .7 9 .4 1 1 .0 1 1 .7 1 0 .7 1 1 .0 1 1 .7 1 2 .0 1 3 .9 1 4 .6 1 3 .3 1 7 .0 2 6 .2 4 -7 7 1 0 .0 1 0 .3 1 1 .1 1 2 .8 1 3 .5 1 2 .8 1 3 .3 1 4 .3 1 4 .8 1 7 .0 1 8 .1 1 8 .0 2 2 .3 2 9 .8 3 3 .5 1-7® 9 .1 9 .4 1 0 .0 1 1 .4 1 2 .0 1 1 .2 1 1 .5 1 2 .1 1 2 .3 1 3 .8 1 4 .2 1 3 .4 1 5 .2 1 7 .6 1 3 .5 . 2 -7 8 9 .5 9 .7 1 0 .3 1 1 .7 1 2 .3 1 1 .5 1 1 .8 1 2 .5 1 2 .7 1 4 .0 1 4 .4 1 3 .7 1 5 .3 1 7 .1 1 4 .2 5 .6 1 5 .6 3 -7 8 9 .3 9 .5 1 0 .1 1 1 .3 1 1 .9 1 1 .1 1 1 .4 1 1 .9 1 2 .0 1 3 .2 1 3 .4 1 2 .6 1 3 .8 1 4 .9 1 2 .2 5 .9 1 0 .9 6 .4 4 -7 8 9 .2 9 .4 9 .9 1 1 .1 1 1 .5 1 0 .8 1 1 .0 1 1 .5 1 1 .6 1 2 .5 1 2 .6 1 1 .9 1 2 .8 1 3 .5 1 1 .1 6 .1 9 .6 6 .7 1 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 IN IT IA L 1 6 8 .2 1 8 0 .8 - 3 .5 1 7 9 .2 * 1 8 5 .8 1 8 8 .7 7 .0 1 9 1 .9 3 - 7 8 ________________ QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 INCOME AND TRADE I N D I CA T OR S NEW PASSENGER CAR R E G I S T R A T I O N S 11 SEASONALLY ADJUSTED INDEX: 1 9 7 4 - 1 0 0 1974-100 1974-100 225 175 125 — KENTUCKY 75 225 175 125 —I 75 25 M IS S IS S IP P I 225 175 125 75 25 MISSOURI 225 225 — 175 175 — —v 125 125 V 75 75 1 1 1 1 1_1_1_1_1_1_1_ . ■ 1 ■ ■ 1 ■ ■ 1 ■ . 25 i »i »t i »«i i i 1 1 1 1 » 1 » « 1 « 1 --l.-J-.-l. -t. 1 1 1 1 1 11.- 175 — ? 11L TENNESSEE 225 . n A 125 ______ ----------< 225 175 125 75 75 25 25 ” . 1. , 1. , 1. . 1975 , 11 1 1 1 1 1 1 1 1 1 1 1 / 1 1W 1111111 1976 1977 LATEST DATA PLOTTED: FEBRUARY 111l 1111111 1978 . . 1, . 1. . 1. . 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 8 Z5 INCOME AND TRADE INDICATORS NEW PASSENGER CAR R E G I S T R A T I O N S 11 SEASONALLY ADJUSTED ____________INDEX: UNITED STATES LI IMPORTED DOMESTICALLY PRODUCED CMV STATE SUMMARY ARKANSAS KENTUCKY 1 9 7 4 - 1 0 0 _________ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING FEBRUARY 197S FROM SAME MONTHS A YEAR AGO DECEMBER 1978 JANUARY 1979 FEBRUARY 1979 FROM PREVIOUS 3 MONTHS 126.6 124.3 128.8 9.0 4.7 128.6 142.9 157.1 14.6 -3.2 126.2 120.8 122.1 5.7 7.0 133.7 N. A. N.A. N.A. 125.7 117.0 N.A. 119.3 N.A. N.A. 134.2 -5. 1 N.A. 11.9 N.A. MISSISSIPPI 132.0 145.8 137.5 -11.5 -2.9 MI SS O U R I 148.3 107.8 -12.8 -3.0 TENNESSEE 114.6 101.7 98.5 N.A. N.A. N.A. U.USED WITH THE PERMISSION OF R. L. POLK AND COMPANY 12.NEW PASSENGER CAR RETAIL SALES PREPARED BY FEDERAL RESERVE BANK OF ST 9 LOUIS INCOME AND TRADE I NDI CATORS FARM CASH RE CEI PT S SEASONALLY ADJUSTED INDEX: 1971-100 1 97 1- 100 1 97 1- 100 380 220 — 140 60 KENTUCKY 380 300 220 140 60 M IS S O U R I 380 300 220 140 60 TENNESSEE — y v 220 _ l 300 380 L l 380 A . 220 140 140 60 300 11 1 1 1 I l l - I l l 1973 - J - l I - L . J - 1 1 1 1 l.J II 1974 1 II l 1 L 1 11 1975 11 1 I i l l 1976 LATEST DATA PLOTTED: FEBRUARY l I i l . .11 1 1 1 1 1 1 1 II 1977 i i I m I i i I m 1978 II 1 1 1 1 l 1 1 1 1... 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 10 60 INCOME AND TRADE IN D IC A T O R S FARM CASH R E C E I P T S SEASONALLY ADJUSTED COMPOUNDED ANNUAL PATES OF CHANCE __________ INQEKt 1971-100________ 3 MONTHS ENDING FEBRUARY 1079 FROM SAME MONTHS A DECEMBER 197S JANUARY 1979 FEBRUARY 1979 FROM PREVIOUS 3 MONTHS UNITED STATES 222. 1 238.0 239.4 55.1 21.3 CMV STATE SUMMARY 240.6 247.0 27 KS 62.7 28.9 ARKANSAS 241.7 319.3 524.5 116.4 33.3 KENTUCKY 182.6 228.1 225.0 •1 7 .9 9.5 M IS S IS S IP P I 256.2 231.4 264.5 206.4 37.1 MISSOURI 304.8 218.0 251.8 55.8 34.9 TENNESSEE 204.5 238.6 500.5 -4 .7 32.7 STATE SUMMARY-FARM CASH RECEIPTS CQMPOUMOED ANNUAL RATES OF CHANGE : I N I T I A L QUARTER TERMINAL QUARTER 1 -7 4 2 -7 4 i -7 6 - 3 5 .5 3 -7 4 -2 3 .7 - 9 .8 4- T 4 -0 .3 2 3 .9 1 -7 3 YEAR ACO 3 -7 4 4 -7 4 1 -7 5 2 -t5 3 -7 5 4—1 5 1 -7 6 2 -7 6 3 -7 6 1971*100 4 -7 6 i- n 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 15177 1 4 9 .0 7 0 .2 m m —1 4 . 7 - 1 3 .3 - 1 5 . 4 - 5 7 . 9 2 -7 3 - 3 .7 6. 5 3 -7 5 5 .0 l3 . 8 4- t 5 1*6 1 2 .6 1 3 7 .8 -8 .5 9 9 .2 2 3 .2 " 1 6 .7 7 9 .5 6 1 .1 - 7 .7 —4 7 . 3 4 .0 —8 • X 1 4 .3 1 6 3 .1 1 8 4 .6 1 5 7 .3 1—7 6 0 .2 6 .7 9 .7 0 .5 2 5 .0 7 .0 - 1 3 .0 4 3 .6 2 -7 6 5 .8 1 2 .5 1 6 .1 9 .0 3 1 .8 1 8 .9 7 .3 5 3 .0 6 3 .1 : 1 9 4 .6 3 -7 6 —0 . 6 4. 3 6 .2 —0 . 1 1 4 .5 2 .5 •8 *5 1 0 .0 —3 * 8 - 4 3 . 3 1 6 8 .9 4 -7 6 1 .7 6 .4 8 .3 2 .4 1 6 .3 6 .3 -2 .3 1 4 .0 5 .6 -1 5 .0 2 7 .3 1 -7 7 2 .4 7 .4 4 .3 4 .0 1 6 .3 7 .9 0 .8 1 4 .8 8 .5 - 5 .2 2 2 .5 17 2 . 2 1 7 9 .4 ll. 8 1 8 6 .9 2 -1 7 1 .6 5 .5 7 .0 2 .2 1 2 .7 5 .0 - 1 .3 9 .6 3 .8 -7 .2 9 .3 1 .2 -1 3 .0 3 -7 7 1 .8 5 .5 6 .9 2 .4 1 2 .0 5 .0 -0 .5 9 .0 4 .1 - 4 .9 8 .2 2 .5 -4 .3 5 .2 4- 7 t 3 .6 7 .1 8 .6 4 .6 1 3 .6 7 .4 2 .6 1 1 .5 7 .6 0 .3 1 2 .5 9 .0 6 .3 it. 4 3 1 .1 1 -7 8 6 .1 9 .7 1 1 .2 7 .6 1 6 .4 1 0 .9 6 .8 1 5 .5 1 2 .4 6 .5 1 8 .3 1 6 .6 1 6 .3 2 8 .1 4 1 .4 5 2 .6 1 8 0 .5 1 8 2 .8 1 9 5 .6 2 1 7 .4 2 -7 8 5 .4 9 .2 1 0 .6 7 .2 1 5 .2 1 0 .1 6 .3 1 4 .0 n .i 5 .9 1 5 .8 1 4 .0 1 3 .3 2 1 .0 2 6 .8 2 4 .7 1 .9 3 -7 8 6 .2 9 .3 1 0 .6 7 .5 1 5 .0 1 0 .2 6 .7 1 3 .8 1 1 .2 6 .6 1 5 .3 1 3 .7 1 3 .0 1 9 .1 2 2 .8 2 0 .2 6 .6 1 1 .6 4 — 78 6 .2 9 .2 1 0 .4 7 .5 1 4 .4 9 .9 6 .7 1 3 .2 1 0 .8 6 .6 1 4 .3 1 2 .8 1 2 .1 1 6 .9 1 9 .4 1 6 .6 6 .6 9 .1 6 .6 1 -7 4 2 -7 4 3 -7 4 4 —7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4—76 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 IN IT IA L 2 1 8 .4 2 2 4 .5 2 2 8 .1 QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS EMPLOYMENT IN D IC A TO R S T O TA L EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1971-100 197 1 -1 00 1 9 71-100 135 125 115 105 95 KENTUCKY M IS S IS S IP P I M ISSOURI 12 EMPLOYMENT TOTAL IN D IC A T O R S EMPLOYMENT SEASONALLY ADJUSTED INOEXi UNI TE D COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1979 1971-100 FROM PREVIOUS 3 MONTHS FROM SAME MONTHS A ye a r AGO JANUARY 1979 FEBRUARY 1979 MARCH 1979 121.7 122.2 122.4 4.0 3.7 120.0 116.3 120.5 121.0 116.8 4.8 2.6 2.8 2.4 127.7 133.1 8.4 5.6 2.4 2.4 16.1 -0.3 3.5 0 .9 -6.8 2.0 -6.0 12.7 1.7 1.0 2 .9 4.3 8.2 2.8 6 .0 2.4 3 .4 2 .9 2.2 2 .9 STATES CMV STATE SUMMARY CMV METROPOLI TAN SUMMARY ARKANSAS FORT SMITH: AR-OK LI TTLE ROCK-NORTH LI TTLE ROCK: AR PINE BLUFF: AR 124.4 131.8 116. 1 125.7 132.5 130.9 116.6 130.6 117.7 KENTUCKY EVANSVILLE: LOUISVILLE: 123.4 123.7 115.0 132.6 121.1 123.3 123.3 115. 1 M IS S IS S IPP I 125.5 123.1 123.8 114.9 126.6 MI SSOURI ST. LOUIS: M O- 1L SPRINGFIELD: MO 116.6 114.4 136.2 117.1 11 4.2 137.0 118.1 115.0 138.9 TENNESSEE MEMPHIS: 117.0 107.0 116.5 107.0 117.2 107.1 IN-KY KY-IN TN-AR 126.3 2.2 2.0 STATE SUMMARY--TOTAL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE T e r m in a l in it ia l 1 -7 5 — 2 -7 5 T - tT 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 - jp r r 1971*100 quarter 2 -7 7 3 -7 7 2 -7 5 - 2 .2 3 -7 5 1 .5 A—7 5 3 .4 6 .4 7 .3 1—7 6 4 .2 *•4 6 .9 6 .4 1 - 7* 3 .8 5. 3 5 .3 4 .3 2 .2 3 -7 6 3 .1 4 .2 3 .9 Z .6 1 .1 A—7 6 3 .1 4* l 3 *8 2 .9 1 *8 1 .6 3 .3 1=77 3 16 4 .5 4 .3 3 .7 3 .1 3 .4 5 .1 7 .0 2=77 4 .0 4 .B 4 .7 4 .3 3 .9 4 .3 5 .3 7 .1 7 .2 3=77 3 .9 6 4 .4 4 .0 3 .7 3 .9 5 .0 5 .5 *•8 4 —7 / 3 .7 4 .3 4 .1 3 .8 3 .4 3 .6 4 .3 4 .6 3 .6 2 .1 1 .7 1 -7 1 3 .5 4 .o 3 .9 3 .5 3 .2 3 .3 3 .9 4 .0 3 .3 2 .0 1 .7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 — 1 0 5 .3 1 0 6 .7 3 .4 1 0 6 .6 1 1 0 .3 1 1 0 .9 0 .0 110 . 9 1 1 1 .8 1 1 3 .7 1 1 5 .7 2 .4 1 1 6 .4 1 1 6 .9 1 .7 1 1 7 .4 2=73 3 .3 3. 8 3 .6 3 .2 2 .9 3 .0 3 .4 3 .4 2 .7 1 .6 1 .4 1 .2 6 .7 3 -7 1 3 .0 3 .4 3 .3 2 .9 2 .6 2 .6 2 .9 2 .9 2 .2 1 .2 0 .9 0 .7 0 .2 -0 .3 4- 7* 3 .2 3 .6 3 .4 3 .1 2 .8 2 .9 3 .2 3 .2 2 .7 1 .9 1 .9 1 .9 1 .9 2 .6 5 .6 1 -7 9 3 .3 3 .7 3 .5 3 .3 3 .0 3 .1 3 .4 3 .4 2 .9 2 .3 2 .3 2 .5 2 .6 3 .3 5 .2 4 .8 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4—7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 I N I T IA L " 1 1 7 .6 1 1 7 .5 1 1 9 *1 1 2 0 .5 QUARTER PREPARED BY FEOERAL RESERVE BANK OF S T. 13 LOUIS EMPLOYMENT IN D IC A TO R S UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT PERCENT 12 9 6 3 0 12 9 6 3 0 KENTUCKY q lx.i l i.i L i tli-i-i 1 1 11 1 111 11 1 11 i 11 1 1t.i 11 1 11 1 11 1 11 1 111 I i i I 11 Li t I i i lxj-Li-.i l 1 1 1,1 1 1 1 1 1 i i M IS S IS S IP P I 12 9 6 3 0 f E N N E S S E E 12 9 — — 6 \ _ 3 0 T . 1.. 1.. 1.. . . 1. . 1. . 1. . . . 1. . 1. . 1. . i i 1i i 1i i 1i i 1973 1974 1975 1976 LATEST DATA PLOTTEDi MARCH 11111111111 1977 11111111111 1978 11111111111 1979 PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS 14 EMPLOYMENT UNEMPLOYMENT IN D IC A T O R S RATE SEASONALLY ADJUSTED PERCENT MONTHLY AVERAGE 3 MONTHS ENDING JANUARY FEBRUARY MARCH MARCH DECEMBER 1979 1979 1979 1979 1978 5 .8 5.7 5.7 5.7 5.8 6.0 5.1 5.4 4.8 5.4 5.5 5.1 4.6 5 .0 5.4 ARKANSAS FORT SMITHi AR-OK LI TTLE ROCK-NORTH LI TTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LOUI SVI LLE: K Y - 1N M IS S IS S IPP I 6.2 8.0 6.2 8.7 5.7 8 .0 6 .0 8.2 7 .0 8.7 4.0 7.2 4.2 6.8 4.1 6.7 5.2 6.6 5.3 5.5 7.0 5.3 4.7 4.9 4.0 6 .3 4.8 4.7 4.8 5.6 4.9 5. 1 6.4 6 .0 6 .4 4.8 5.6 4.7 6 .8 MI SSOURI ST. LOUIS: MO- 1L SPRINGFIELD: MO 4.6 4.8 3.8 4.5 5 .0 3.6 3 .9 4.6 3.2 4.3 4.8 3.5 TENNESSEE MEMPHIS: 6. 1 6.7 5.6 5.2 4.9 4.4 5.5 5.4 UNI TED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY TN-AR CIVILIAN 4.7 5. 1 4. 1 5.9 5.6 LABOR FORCE SEASONALLY ADJUSTED _________ mOUSANOS OF PERSONS_______ UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LI TTLE ROCK-NORTH LI TTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: LOUISVILLE: IN-KY K Y - 1N M IS S IS S IPP I MISSOURI ST. LOUIS: M O - 1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR JANUARY FEBRUARY 1979 1979 MARCH . 1979 COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1979 FROM PREVIOUS 3 MONTHS FROM SAME MONTHS A YEAR AGO 102, 183.0 7,797.8 1021526•9 102,713.9 3 .8 7 , 77 9. 4 7,772.9 4.2 3.2 2.3 2,445.8 937.3 85.5 2 ,4 4 0. 4 947.2 86.5 2,442.1 958.0 86.2 1.2 4.2 3 .8 1.7 2.5 4.7 179.6 36.4 1,57 9. 0 142.2 414.9 179.7 36.6 1,555. 4 141.4 412.0 182.0 37.4 3.1 0 .8 1,549.1 140.9 412.3 10.6 -5.3 -3.4 -1 .1 -4. 1 1 ,0 1. 2 2 , 29 8. 6 1,100. 5 103.4 1 ,03. 7 996.4 10.7 1.7 1.2 2.7 4.1 2 ,3 0 6 . 0 1 ,100. 0 103.8 2,313. 1 1 ,103. 8 104.8 6 .6 1.6 3.1 1.7 0 .9 2.2 1,97 5. 8 384.2 1, 956. 5 378.3 1,954. 3 375.5 1.0 2.9 2.0 1.9 PREPARED BY FEDERAL RESERVE BANK OF ST. 15 LOUIS EMPLOYMENT INDICATORS AVERAGE HOURLY EARNINGS MANUFACTURING AVERAGE WEEKLY HOURS WORKED MANUFACTURING SEASONALLY ADJUSTED SEASONALLY ADJUSTED DOLLARS PER HOUR HOURS PER REEK KENTUCKY 8 6 — — 48 — 44 4 40 2 0 T .i..i. .i.i uliitulii 111IItillLi till1 I I I u ' 36 ■ llli.iil.lii 1 u i i , i i n in n l n l i i l n n I n l.n li i n I n i t il i i ! 0 III. M IS S IS S IP P I — 4 >Tr __ J„ 8 6 r f 48 — 44 1 40 36 2 0 ■iiliitnli i n liiL iln . »»I..||R>IR nh lin t ii i iln ln ln n i n i u l i i 1 .I.iU a ■iiliiAi riii n il i In in . 6 — i l l , MISSOURI 8 — * 4 44 40 /■ - 2 36 0 ■ illllllllu n ln liiln n ln liiln ,n in Ini ii. n ln liiln - n ln liiln n i l lLu .Lli. n l n l i i l n - L i in lu ln u l i t l n l i £ 1 0 TENNESSEE 8 48 - 6 — __ - — 44 — ____^ 40 4 f 2 0 48 111111M 111 11111llI1I1 1111t111II1 Illltllllll 111I1111I 11 1975 1976 1977 1978 1979 LATEST DATA PLOTTED. MARCH ‘ 36 t 1111111111 I I 111111111 I 111 I 1II I 11 11I 11I 11111 . . i . . i . . i .7» 1975 1976 1977 1978 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 16 0 EMPLOYMENT INDICATORS AVERAGE HOURLY EARNINGS - MANUFACTURING SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1979 DOLLARS PER HOUR UNITED ST AT ES FROM PREVIOUS 3 MONTHS FROM SAME MONTHS A YEAR AGO JANUARY 1979 FEBRUARY 1979 _ MARCH 1979 6.45 6.52 6.57 8.8 9.0 5.3 8.3 5.71 5.75 5.79 6.96 6.95 7.00 5.9 8.7 ARKANSAS FORT SMITH: AR-OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR PI NE BLUFF: AR 4.99 5.11 5.00 5.07 5.05 5.14 9.7 -0.8 10.3 6.6 5.67 6.44 5,60 6.38 5.72 6.44 5.3 13.8 7.4 12.4 KENTUCKY LOUISVILLE: 6 .5 1 7.43 6.58 7.43 6.55 7.48 2.0 10.2 8.6 9.5 CMV ST A T E SUMMARY CMV M E T R O P O L I T A N SUMMARY K Y - 1N M IS S IS S IP P I 4.79 4.80 4 .8 1 9.7 8.7 MISSOURI ST. LOUI S: M O - 1L SPR1N 6 F 1ELD: MO 6.48 7.32 5.72 6.52 7.38 5.76 6.56 7.40 5.79 3.9 1.8 14.5 8.3 7.8 13.8 TENNESSEE MEMPHIS: 5.31 6.29 5.34 6.14 5.38 6.29 3.9 9.3 7.0 TN-AR 9.5 AVERAGE WEEKLY HOURS WORKED - MANUFACTURING SEASONALLY ADJUSTED MONTHLY AVERAGE 3 MONTHS END 1NG HOURS PER WEEK JANUARY FEBRUARY MARCH MARCH DECEMBER 1979 1979 1979 1979 1978 40. 7 4 0. 7 4 0. 8 40.7 4 0. 6 40. 2 3 9. 8 4 0. 0 4 0. 0 39.9 40.8 4 0. 7 41 .2 4 0. 9 4 0. 8 ARKANSAS FORT SMI TH! AR-OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR PI NE BLUFF: AR 39.7 3 9. 5 40.0 3 9. 5 39.6 39.6 39.8 39.6 39.6 39.3 4 0. 5 4 2. 7 39.7 4 2. 7 4 0. 3 4 2. 8 4 0. 2 4 2. 7 39.9 4 1. 8 KENTUCKY LOUISVILLE: 39.9 4 0. 4 3 9. 5 3 9. 7 39.5 4 0. 7 39.6 40.3 4 0. 0 4 0. 4 UNITED S T A T ES CMV ST A T E SUMMARY CMV M E T R O P O L I T A N SUMMARY K Y - 1N M IS S IS S IP P I 4 0. 7 40. 1 4 0. 5 40.4 39.9 MISSOURI ST. LOUI S: M O - 1L SP R I NGF IE L D! MO 4 0. 5 4 2. 2 3 9. 2 4 0. 0 4 1. 0 39.5 40.0 41.6 39.9 40.2 41.6 39.5 40.3 4 1. 2 39.4 T ENNESSEE MEMPHIS: 4 0. 5 4 1. 0 40.1 41. 7 39.8 41.5 4 0. 2 41.4 39.6 40.6 TN-AR PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 17 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT - SELECTED INDUSTRIES* SEASONALLY ADJUSTED INDEX; CHEMICAL, 1 97 2 -1 00 HO u . s . 1 97 2 - 1 0 0 PETROLEUM, AND RUBBER PRODUCTS 1972-100 HO 1 ________ 120 ~ S T AT E S _____ 100 120 * —— ---- 100 80 80 60 -L-l-l-l.l.1 l 1 1 l 1 M 1 ■ I 1 ■ ■ 1 . ■ ■1 i l l .1 1 1 1 1 1 1■-1 -1 1-1 1 1 1 1 1 1 1 1 ■ 1 . I 1 ■ 1 1 M 1111, i-i-i. i ........... .. 60 CONSTRUCTION LUMBER AND FURNITURE 140 120 100 —I 80 60 140 120 100 80 60 18 EMPLOYMENT PAYROLL EMPLOYMENT - SELECTED INDICATORS INDUSTRIES* SEASONALLY ADJUSTED INOEX: COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1979 1972-100 FROM SAME MONTHS A JANUARY 1979 FEBRUARY _.1979. - MARCH 1979 U N I T E D S T A T ES CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE T E X T I L E , APPAREL, AND LEATHER 113.5 112.7 111.8 98.3 104.6 113.7 112.7 112.6 97.8 104.8 113.9 114.6 113.8 98.2 104.1 4.3 3.2 9.0 5.5 6.0 2.9 12.0 5.5 0.2 1.8 92.9 92.1 91.8 -1.3 -1 . 1 CMV S T A T E SUMMARY CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE T E X T I L E , APPAREL, AND LEATHER 117.2 121.8 113.8 104.6 101.9 118.2 124.6 113.6 103.6 101.0 3.5 16. 1 6.6 4.7 8.7 1. 1 14.7 2.3 0.7 3.0 ARKANSAS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE PAPER AND PR I N T I N G T E X T I L E , APPAREL, AND LEATHER KENTUCKY CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS NONELECTRICAL MACHINERY T E X T I L E , APPAREL, AND LEATHER M IS S IS S IP P I CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE T E X T I L E , APPAREL, AND LEATHER TRANSPORTATION EQUIPMENT MISSOURI CONSTRUCTION ELECTRICAL EQUIPMENT FOOO AND KINDRED PRODUCTS PAPER AND PR I NT I NG T E X T I L E , APPAREL, AND LEATHER TRANSPORTATION EQUIPMENT TENNESSEE CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE PAPER -AND PR I N T I N G T E X T I L E , APPAREL, AND LEATHER 118. 1 122.2 114.9 104.0 102.3 FROM PREVIOUS 3 MONTHS tear 93.9 93.7 93.3 3.5 -1.5 107. 1 134.5 115.8 98.6 130.5 104.6 133.9 115.5 100.3 131.4 109.9 133.4 114.9 100. 1 132.5 5.4 19.0 4.6 4.5 5.7 1.6 -0.4 -0.3 1.7 4.9 91.0 90.2 90.2 -3.5 -6.7 137.2 126.4 94.8 95.2 139.7 137.4 127.0 95.9 94.3 140.0 137.7 137.9 96.2 94.2 143.0 6.4 6.4 20.2 -1.7 4.7 3.4 24.0 -2.2 -2.3 9.8 93.3 92.1 91.3 0.4 -1.9 146.4 144.6 116.2 107.6 143.8 148.0 116.5 107.8 142.3 146.5 116. 1 106.4 36.1 13.0 8.7 7.4 20.9 4.9 12.3 4.0 97.9 113.6 98 . 1 112.9 98.0 109.9 2. 1 -8.8 -4.9 -13.5 111.7 114.0 95.0 106. 1 115.2 115.7 96. 1 107.3 116.8 114.7 94.7 107.0 1.8 8.8 9.3 14.7 4.3 5.9 0.3 2.4 88. 1 113.6 88.0 113.6 87.2 113.8 -3.1 2.1 -1.9 5.6 110.5 123.8 109.0 103.5 114.8 111.9 122.0 10 7 . 1 101.2 115.8 111.7 121.2 106.3 99.6 116.6 -0.7 29.7 -2.2 5.3 11.1 0.5 21 . 1 -2.1 4.3 2.7 125.2 123.8 123.5 11.4 1.6 , IK ALL CATEGORIES ARE MANUFACTURING EXCEPT CONSTRUCTION. PREPAREO BY FEDERAL RESERVE BANK OF ST. ago 19 LOUIS EMPLOYMENT INDICATORS MANUFACTURING EMPLOYMENT NONMANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972-100 1 9 7 2 -1 0 0 1 9 7 2 -1 0 0 KENTUCKY M IS S O U R I 150 130 110 90 70 150 130 110 90 70 LATEST DATA PLOTTED: MARCH PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 20 EMPLOYMENT INDICATORS MANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED _________INDEX: 1972-100_______ JANUARY 1979 UNITED CMV S T A T ES ST A T E SUMMARY CMV M E T R O P O L I T A N SUMMARY ARKANSAS FORT SMITH: AR-OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR PI NE 6 L U F F : AR KENTUCKY EVANSVILLE: LOUISVILLE: I N- KY K Y - 1N M ISS ISS IPP I MISSOURI ST. LOUIS: M O - 1L SPRI NGFI ELD: MO TENNESSEE MEMPHIS: TN-AR FEBRUARY 1979 MARCH 1979 COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1979 FROM SAME MONTHS A FROM PREVIOUS 3 MONTHS YEAR AGO 108.6 109.8 102.0 118.6 137.9 109. 1 109.9 101.7 118.8 135.8 109.7 109.6 102.0 118.8 133.6 6.5 5.7 3.2 7.4 12.4 3.8 1.7 2. 1 1.3 3. 1 111.4 107.1 110.1 103.4 99.2 115.1 104.8 99. 1 96.5 108.8 103.9 109.9^ 106.8 110.6 104.3 99.7 115.8 104.8 99. 1 101.8 108.2 103.3 108.6 106.7 111.3 105.2 100.7 114.3 104.5 98.7 101.5 107.7 102.0 2.2 -2.2 7.6 -3.0 4. i 4.7 5. 1 5.0 -1.6 4.6 2.4 -3.6 -1.0 2.3 -2.2 2.6 0.9 2.3 3.4 -0.6 1.2 2.4 NONMANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED ST A T ES CMV ST AT E SUMMARY CMV M E T R O P O L I T A N SUMMARY ARKANSAS FORT SMITH: AR-OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR PI NE BLUFF: AR KENTUCKY EVANSVILLE: LOUISVILLE: I N- KY K Y - 1N M ISS ISS IPP I MlSSOUR1 ST. LOUI S: M O - 1L SPRI NGF I EL D: MO T ENNESSEE MEMPHIS: TN-AR FEBRUARY 1979 MARCH 1979 122.4 127.4 119.7 131.3 134.5 122.7 127.2 119.6 131.0 134.7 123.3 127.8 118.9 131.6 135.5 3. 1 4.3 4.4 5.2 2.8 3.9 3.6 132.2 125.6 135.1 127.2 126.0 136. 1 118.8 112.6 133.8 127.7 117.9 132.0 125 .B 134.8 127.2 128.1 136.6 118.8 112.3 134.6 127.0 117.5 132.4 127.4 137.0 127.8 119.7 136.5 119.0 113.9 136.5 126.6 117.2 11.0 -2.2 5.5 -1.6 -5.8 7.7 2.7 -0.7 1.5 6.5 2.4 4. 1 1.1 10.6 2.9 5.4 7.8 2.2 2.0 3.3 4.2 1.9 3.3 4.6 CM UNITED JANUARY 1979 i o _________INDEX: 1972-100_______ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1979 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR AGO PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 21 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972-100 ARKANSAS 130 120 110 100 90 KENTUCKY 130 120 110 100 90 MISSOURI 130 120 110 100 90 22 EMPLOYMENT PAYROLL INDICATORS EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972"100 1 9 7 2- 1 00 130 1 97 2- 100 — 120 110 100 90 E V A N S V IL L E : IN-KY 130 120 130 — — 1 10 110 100 90 100 1 I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 t 1 . . 1 . . 1 . . 1 . . S T. 1 1 1 » 1 1 1 » 1 1 1 LOUIS: . ■ 1 ■ . 1 ■ ■ 1 ■ ■ » i 1 i i 1 i i 1 i i 1 1 1 1 1 1 l 1 1 l l 90 M O - 1L 130 130 120 — — 110 120 110 100 90 120 100 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1973 1974 . . i . . i . . 1975 i .. .. I . . I . . 1976 LATEST DATA PLOTTED. MARCH I .. , . 1 . . 1 . , 1 , , i i 1 . , 1 . , 1 , . 1977 1978 t . 1 . 1 1 . . i . 7 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 23 90 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX: UNITED CMV FROM SAME MONTHS A YEAR AGO JANUARY 1979 FEBRUARY 1979 MARCH 19 7 a 118.8 1 19 . 2 119.8 4.5 4.3 1 22 . 2 1 22 . 2 122.3 4.7 4.2 S T AT ES ST AT E 1 9 7 2 - 100_________ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1979 SUMMARY FROM PREVIOUS 3 MONTHS 114.8 114.6 1 14. 1 0.7 2.6 ARKANSAS FORT SMIThs AR-OK L I T T L E ROCK-NORTH L I T T L E ROCK; AR PI NE BLUFF: AR 126.8 135.4 127.2 134.9 127.5 134.8 3.5 6.5 3. 1 3.4 127.4 121.9 127.6 121.6 127.5 122.5 9.3 -1.3 2.7 0.7 KENTUCKY EVANSVI LLE: LOUISVILLE: 128.4 119.3 118.7 128.5 119.2 118.9 130. 1 119.6 113.3 6.4 -0.7 -3.7 8.6 1.3 4.7 CMV M E T R O P O L I T A N SUMMARY I N- KY KY-IN M IS S IS S IP P I 129.4 129.8 129.6 7.1 5.7 MISSOURI ST. L OU I S: M O - 1L SP RI NG F IE L D: MO 115.0 108.6 124. 1 115.1 108.6 125.4 115.2 109.4 126.6 2.8 1.1 0.3 2.2 2.4 2.5 TEN N ES SEE MEMPHIS: 121.1 115. 1 120.9 114.7 120.4 114. 1 5. 8 2.1 3.2 2.0 TN-AR STATE SUHNARY-TOTAL PAYROLL EMPLOYMENT CONPOUNOEO ANNUAL RATES OF CHANGE .TERMINAL QUARTER I N I T I A L QUARTER 1 -7 5 2 -7 5 2 -7 5 " 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 1 9 7 2 *1 0 0 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 - 2 .2 1 0 3 .6 M 5 1 .2 4 .7 ♦ -7 5 3 .1 5 .9 7 .0 1 -7 4 4 .1 6 .4 7 .2 7 .3 Z -7 6 3 .7 5. 3 5 .5 4 .7 2 .2 5 -7 8 3 .4 6 4 .6 3« 8 2 .0 1 .8 W 6 3 *3 4 .3 4 .2 3 .5 2 .2 2 .2 Z *6 1=77 3 .5 4.3 4 .3 3 .7 2 .9 3 .1 3 .7 4 *8 2 -7 7 4 .0 3 .8 4 .2 5 .0 6* 3 . - 3 -7 5 d 4. 8 1 0 4 .8 1 0 6 .6 *•8 1 0 8 .5 1 6 9 .1 1 6 6 .6 1 1 0 .3 1 1 1 .6 7 .7 il3 .7 1 1 4 .8 3—7 7 4 .0 4 .7 4 .7 4 .3 3 .8 4 .2 4 .7 5 .5 5 .8 3 .5 A—7 7 4 .1 4 .7 4 .7 4 .5 4 .0 4 .4 4 .9 5 .4 5 .7 4 .6 5 .3 1 -7 8 4 .0 4 .4 4 .6 4 .3 4 .0 4 .2 4 .6 5 .0 5 .1 4 .2 4 .4 3 .5 2 -7 * 4 .2 4 .8 4 .8 4 .6 4 .3 4 .5 4 .9 5 .3 5 .4 4 *8 5 .1 3 .0 4 .1 1 1 6 .3 T T T 3— 6 .6 1 1 9 .2 3—7B 4 .0 4 .5 4 .5 4 .2 3 *9 4 .1 4 .4 4 .7 4 .7 4 .1 3 .7 3 .8 1 .0 4 -7 1 4 .0 4 .5 4 .5 4 .3 4 .0 4 .2 4 .4 4 .7 4 .6 4 .1 4 .2 3 .9 4 .0 2 *7 4 .4 1 -7 7 4 .1 4 .5 4 .5 4 .3 4 .0 4 .2 4 .4 4 .7 4 .6 4 .2 4 .3 4 .0 4 .2 3 .4 4 .6 4 .7 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 1 1 9 .5 1 2 0 .8 1 2 2 .2 I N I T I A L QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 24 PRODUCTION AND P R IC E INDICATORS PROSPECTIVE CROP PLANTINGS 1977 1978 1979 Indicated Percent Change 1978 to 1979 <1,000 Acres) ALL CORN UNITED STATES Arkansas Kentucky Mississippi Missouri Tennessee 83,568 55 1,650 250 2,900 900 79,719 40 1,570 215 2,400 820 79,209 50 1,450 200 2,300 820 - 0.6 25.0 - 7.6 - 7.0 - 4.2 0.0 45,347 370 125 90 1,280 172 42,855 310 110 65 1,010 163 39,297 300 106 70 1,000 149 - 8.3 - 3.2 - 3.6 7.7 - 1.0 - 8.6 2,261 840 112 17 3,080 1,180 220 30 2,944 1,100 210 34 - 4.4 - 6.8 - 4.5 13.3 58,760 4,650 1,350 3,750 4,730 2,320 64,044 4,750 1,450 3,900 5,500 2,530 68,801 4,750 1,630 4,100 5,600 2,900 7.4 0.0 12.4 5.1 1.8 14.6 13,619 950 1,380 270 325 13,292 820 1,180 210 250 14,300 840 1,200 230 250 7.6 2.4 1.7 9.5 0.0 BARLEY,* OATS,* AND SORGHUM UNITED STATES Arkansas Kentucky Mississippi Missouri Tennessee RICE UNITED STATES Arkansas Mississippi Missouri SOYBEANS UNITED STATES Arkansas Kentucky Mississippi Missouri Tennessee UPLAND COTTON UNITED STATES Arkansas Mississippi Missouri Tennessee * Includes acres planted in preceding fall 25 PRODUCTION AND PRICE INDICATORS E L E C T R I C POWER CONSUMPTION SEASONALLY ADJUSTED INDEX: CHEMICAL, 1 97 1 -1 00 PETROLEUM, TEXTILE, APPAREL, LATEST DATA PLOTTED: MARCH AND RUBBER PRODUCTS AND LEATHER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 26 PRODUCTION AND P R IC E ELECTRIC IN D IC A TO R S POWER CONSUMPTION SEASONALLY ADJUSTED _______ IMP e x , i g i m & q ______ JANUARY FEBRUARY MARCH 1a™ COMPOUNDED ANNUAL RATES OF CHANCE 3 MONTHS END INC MARCH 19T9 FROM PREVIOUS __ 3 MONTHS__ FROM SAME MONTHS A YEAR ACO i»Y9 u ra.— 126.3 12T.0 127.3 121.1 121.7 116.9 11.0 2.6 120.5 121.0 116.8 11.1 1.9 DURABLES ELECTRICAL MACHINERY FABRICATED METALS LUMBER AND FURNITURE NONELECTRICAL MACHINERY OTHER DURABLES PRIMARY METALS STONE, CLAY, AND CLASS TRANSPORTATION EQUIPMENT 124.0 103.8 151.6 200.8 152.4 160.9 103.0 112.4 123.4 124.1 102.8 153.8 197.0 142.3 154.3 113.9 105.1 121.6 121.1 107.9 149.6 190.7 143.9 148.3 113.9 99.2 119.5 -10.3 17.3 27.0 1.4 10.2 49.6 -44.0 -5.8 17.9 -0 .6 4.7 8 .6 -0.6 7 .9 10.4 -11.3 -1.8 7.4 NONDURABLES CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS FOOD, BEVERAGES, AND TOBACCO PAPER AND PRINTING TEXTILE, APPAREL, AND LEATHER 119.3 119.9 114.3 20.2 2.9 120.5 120.3 112.9 23.7 3.7 125.7 111.4 122.5 117.4 123.2 114.3 -12.5 - 5 .1 1.2 -0.9 93.0 92.7 95.0 41.0 4.9 151.1 166.6 149.6 48.3 43.5 UNITED STATES N • (VI TOTAL MANUFACTURING AND MINING 8.2 EIGHTH DI ST RI CT TOTAL MANUFACTURING AND MINING MANUFACTURING MI NI NG PREPARED BY FEDERAL RESERVE 8ANK OF S T. LOUIS 27 PRODUCTION AND PR IC E INDICATORS VALUE OF CONSTRUCTION CONTRACTS L E T * NOT SEASONALLY ADJUSTED INDEX: 1 97 4 - 1 0 0 1 97 4- 100 330 1i - u.s. ____ STATES .... . 250 TOTAL 1 97 4 -1 00 330 B U ILD IN G — 250 170 170 90 90 10 ___i___i___i__ __ i___i___i___ ___i___i___i__ ___i___i___i___ ___i___i___i___ ___i___i___i___ __ i___i___i___ 1975 1976 1977 1978 1979 1973 1974 10 RESID EN TIA L B U ILD IN G NONRESI DENT IA L KENTUCKY 28 B U ILD IN G PRODUCTION AND P R IC E IN D ICATO RS VALUE OF CONSTRUCTION CONTRACTS LET* NOT SEASONALLY ADJUSTED INDEX. 1974-100 4TH TOTAL BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITHi AR-OK LI TTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF* AR KENTUCKY EVANSVILLE* IN-KY LOUISVILLE* K Y - I N M I S SI SS IPP I MISSOURI - EAST ST. LOUIS* MO-1L SPRINGFIELD* MO TENNESSEE - VEST MEMPHIS* TN-AR-MS COMPOUNDED ANNUAL RATES OF CHANCE______ 1ST OTR 1978 1ST OTR 1977 TO 1ST OTR 197V QUARTER 1978 1ST QUARTER 1979 164.2 178.2 139.1 176.4 163.6 159.9 171.5 171.8 175.1 196.2 19.7 25.8 40.0 0.5 20.7 24.2 20.5 13.6 33.9 -22.6 132.1 58.3 209.6 202.0 159.2 201.2 161.6 139.6 209.7 106.7 104.7 156.2 170.0 165.1 184.9 114.8 180.5 152.8 186.2 145.6 201.3 204.0 0.4 242.7 13.6 14.7 -17.8 16.5 51.9 67.0 -31.5 106.5 126.4 31.3 -31.4 13.6 -19.5 14.1 32.0 6.9 25.7 16.4 17.8 18.1 202.4 217.4 168.5 233.9 220.1 184.5 185.5 148.3 209.1 186.9 15.0 -0.1 -8.4 -7.4 -8.8 20.7 37.7 26.2 36.7 15.3 156.6 167.2 219.0 288.3 147.8 250.8 208.1 164.0 306.8 154.1 142.1 156.4 138.7 197.8 263.0 135.2 219.3 125.4 127.3 197.1 155.2 144.4 3.9 21.8 6.9 45.2 -25.3 6.6 -16.0 -15.5 -26.4 5.0 8.1 6.6 23.0 42.4 13.5 87.3 53.5 27.5 25.6 3.9 17.6 6.8 125.5 134.1 110.0 101.4 58.1 135.1 155.8 194.8 130.6 208.1 26.7 93.1 132.5 22.2 152.5 29.8 -6.8 -4.6 26.7 -68.7 156.1 182.7 121.9 72.5 93.6 131.0 177.9 240.3 90.0 245.5 254.5 -4.3 677.4 29. 1 -40.9 -3.2 45.1 217.7 217.4 -41.1 400.0 377.5 89.4 -63.3 -22.7 -47.4 -35.1 7.0 -22.0 26.0 50.4 18.3 51.9 1ST OTR 1979 RESIDENTIAL BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITHi AR-OK LI TTLE ROCK-NORTH LITTLE ROCK* AR PINE BLUFF* AR KENTUCKY EVANSVILLE* IN-KY LOUISVILLE* K Y - I N M I S S IS S I PP I MISSOURI - EAST ST. LOUIS* MO-1L SPRINGFIELD* MO TENNESSEE - VEST MEMPHIS* TN-AR-MS NONRES1DENT 1AL BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITHi AR-OK LITTLE ROCK-NORTH LI TTLE ROCK* AR PINE BLUFF* AR KENTUCKY EVANSVILLE* IN-KY LOUISVILLE* K Y - I N M I S SI SS I PP I MISSOURI - EAST ST. LOUIS* MO-1L SPRINGFIELD* MO TENNESSEE - VEST MEMPHIS* TN-AR-MS 97.1 14.2 198.5 103.2 170.9 138.0 119.0 117.1 105.0 61.2 73.1 X USED WITH THE PERMISSION OF DODGE CONSTRUCTION POTENTIALS, MCGRAW-HILL INFORMATION SYSTEMS COMPANY PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS 29 PRODUCTION AND PR IC E INDICATORS HOUSING PERMITS SEASONALLY ADJUSTED INDEX: 1 97 4 -1 00 1 97 4 -1 00 1 9 7 4- 1 00 ARKANSAS 420 420 320 — 320 220 220 120 120 20 ■111 1l 1 Ll.I L 1., 1 l 1 i 111 1 11 1 t 1 1 11t 11 1 11 i . l . . I . . ! . . -.1L L.J 111 L-i L.I. ■i-t-Li-l J.l L1 1i ■^ L u l t-tl.i- I 20 KENTUCKY 420 320 220 120 20 M IS S O U R I TENNESSEE 30 PREPARED BY FEOERAL RESERVE BANK OF ST. LOUIS PRODUCTION AND P R I C E INDI CA1 HOUSING PERMITS SEASONALLY ADJUSTED FEBRUARY 1979 MARCH 1979 FROM PREVIOUS 3 MONTHS 135.9 129.8 139.7 -40. 1 -10.0 86.2 152.5 -74.8 -24.4 96.3 91.6 103.7 -88.0 -35.4 62.5 92.1 176.6 -20.1 58.9 104.4 133.5 -13.0 -17.6 115.9 STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS LITTLE ROCK-NORTH LITTLE ROCK: AR KENTUCKY LOUISVILLE: K Y - 1N M ISSISSIPPI MISSOURI ST. L OU IS : M O - 1L TENNESSEE MEMPHIS: FROM SAME MONTHS A YEAR AGO JANUARY 1979 i A ID UNITED 1974** 100 CO 00 on INDEX: COMPOUNOEO ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1979 TN-AR-MS 80.5 163.5 -84.4 -17.5 89. 1 43.5 51.2 -96.7 -45.8 95.3 71.7 115.4 -70.4 -17.6 81.2 83.9 156.6 -85.0 -35.0 110.3 123.7 129.1 -85.9 -26.0 111.3 90.5 122.0 -80.0 -23.6 75.3 73.4 125.5 -81.1 -45.2 STATE SUMMARY-HOUSING PERM ITS COMPOUNDED ANNUAL RATES OF CHANGE IN IT IA L T e r m in a l QUARTER 1 -7 5 2 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 QUARTER 1 9 7 6 -1 0 0 3 -7 7 2 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 9 1 .1 9 5 .9 3 -7 5 7 5 .8 4 -7 5 6 6 .6 ” 2575“ 5 7 .8 1 -7 6 6 6 .5 5 5 .2 1 0 2 .1 2 .0 5 4 .0 1 0 2 .6 1 3 2 .6 1 2 6 .7 2 -7 6 2 4 .5 ” 137 6" 3 -7 4 3 7 .5 ZB . 1 z i.s 2 8 .9 -4 .1 9 Z .9 4 -7 4 4 9 .4 6 2 .8 4 0 .0 5 1 .6 3 1 .4 1 1 8 .1 1 4 6 .5 1=77- 3 9 .6 32. 8 2 9 .0 3 5 .Z 16.1 5 9 .7 4 5 .3 -1 4 .3 2 - /1 6 0 .8 35. 1 3 Z .1 3 7 .9 2 4 .2 5 7 .8 4 7 .6 !4 .2 5 2 .3 4 .2 5 .3 - 5 2 .3 1 0 5 .3 1 2 4 .1 1 5 5 .5 149T6 1 6 6 .2 3 -7 7 6 0 .7 35. 6 3 3 .0 3 8 .2 2 6 .7 5 4 .0 4 5 .6 2 2 .2 4 5 .9 3 9 .7 6 —7 7 3 2 .9 2 7 .9 2 4 .9 2 8 .2 l7 .7 3 6 .8 2 7 .7 8 *4 1 7 .2 2 .8 - 2 4 .4 1=75 2 6 .5 1 9 .5 1 6 .2 1 7 .9 8 .3 2 1 .8 1 2 .8 - 3 .6 - 0 .7 -1 3 .9 -3 2 .4 -3 9 .5 a -7 8 2 5 .5 2 0 .9 1 8 .0 1 9 .7 1 1 .2 2 3 .7 1 6 .0 2 .3 6 .1 - 3 .1 -1 4 .3 -8 .7 3 7 .8 3 -7 8 2 3 .3 1 9 .0 1 6 .3 1 7 .7 9 .9 2 0 .6 1 3 .7 1 .8 4 .8 - 2 .8 -1 1 .2 —6 . 3 1 6 .7 6 —7 8 2 1 .3 1 7 .2 1 4 .5 1 5 .6 8 .5 1 7 .8 1 1 .5 1 .0 3 .4 -3 .0 -9 .9 -5 .8 9 .2 - 2 .8 - 6 .6 1 -7 9 9 .9 5 .8 2 .8 2 .8 -3 .9 2 .4 -3 .9 -1 3 .4 -1 3 .3 -2 0 .0 -2 7 .1 -2 7 .7 -2 4 .4 -3 8 .1 -5 1 .0 - 7 6 .8 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 6 -7 8 1 8 0 .7 1 6 8 .5 1 4 8 .6 1 6 1 .0 -1 .2 1 6 0 .5 1 5 8 .7 112 . 4 INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS 31 PRODUCTION AND PR IC E INDICATORS PRICES RECEIVED BY FARMERS - UNITED STATES NOT SEASONALLY ADJUSTED CORN BEEF CATTLE 350 — — .✓ 270 190 110 j-iL n J n ln . n l n l n l n j-ii.n ii.il i±. n l n l n l n ooiioJ1111Li. R IC E 30 BROILERS 350 350 — 270 — — 270 190 190 11 0 11 0 30 ■ iilii In In . n l n l n l n n l n l n l n n l n l n l n n l u Ijl I j-l n ln ln ln n ln ln ln 11 11 1 1n 111 n i n i n l n n l n l n l n 350 350 — 270 — — / A V — 110 110 n ln ln ln - i i I i i LijI u j- iliilu L u ■1111111111 n l n l n l n . J - l l l I 1 1.11 L L 1 1 1 I I Inin n ln ln ln J -lIlllu l-U - .n Lit I n i n 350 — — 270 — — 270 190 190 110 110 n l n l n l n , n l n l n l n .n ln J n ln i ill iln J ii. n l n l n l n ■nlnlnln n l n l n l n UPLAND COTTON u l i i l i 1111 j i l u In I n 1111 li 11.1i L 30 TURKEYS -------------- 1 350 - 270 — - . - 190 350 270 190 110 30 30 MILK TOBACCO 350 30 270 190 190 30 30 HOGS SOYBEANS 110 II 111111111 11111111111 11111111111 11111111111 11111111111 1975 1976 1977 1978 1979 LATEST DATA PLOTTEDi MARCH i i 1i i 11i 11i 11111111111 11111111111 111II 111111 11111111111 1975 1977 1976 1978 1979 PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS 32 30 PRODUCTION AND PRICE PRICES RECEIVED BY FARMERS - UNITED INDICATORS STATES NOT SEASONALLY ADJUSTED INDEXs LIVESTOCK AND LIVESTOCK PRODUCTS BEEF CATTLE BROILERS HOGS MILK TURKEYS 1971-100 FROM SAME MONTHS A ye ar AGO . 1 978. - FEBRUARY 1979 MARCH 1979 FROM PREVIOUS 3 MONTHS 205.9 213.8 218.3 46.3 24.2 194.4 200.9 199. 1 24.3 10.9 166.4 152.1 223.9 173.3 229.5 171.9 148.3 237.8 154.7 222.1 175. 1 154.2 243.3 144.3 215.2 31.4 13.4 37.3 -43.7 -31.4 6.0 -26.3 18.0 -6.0 9.2 214.3 224.5 233.0 206.3 196.2 282.3 202.7 215.4 221.2 210.1 294.6 202.7 205.8 242.2 210. 1 275.6 201.0 198.0 JANUARY ALL FARM PRODUCTS ALL CROPS CORN RICE SOYBEANS TOBACCO UPLAND COTTON COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1979 64.8 35.0 122.8 68.8 20.8 10.8 -14.9 60.5 18.0 10.3 16.4 20.2 PRI C E S — ALL FARM PR O D U C T S C O M P O U N D E D AN N U A L R A TES OF C H A N G E T ERMINAL QUARTER 1971*100 I NITIAL QUA R T E R 1 -7 5 2 -7 5 3 -7 5 2- 7$ 1 3 .4 3-75 2 0 .6 2 8 .3 4 -7 5 8 .3 5 .9 - 1 2 .6 1 -7 6 5 .2 2 .6 - 8 .2 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4—7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 1 6 1 .8 1 7 2 .2 1 6 6 .5 - 3 .6 1 6 5 .0 2 -7 6 6 .9 5 .3 - 1 .4 4 .7 1 3 .7 3 -7 4 5 .5 2. 8 —2 m8 0 .7 2 .9 —6 . 9 4 —7 6 - 0 .1 - 2 .2 - 7 .4 —4 . 1 - 6 .9 - 1 5 .8 - 2 3 .8 i—7 7 2 .8 1 .3 - 2 .6 - 0 .4 0 .4 - 3 .7 - 2 .1 2 5 .7 2 -7 7 3 .2 2 .0 - 1 .3 0 .7 1 .6 - 1 .2 6 .7 1 5 .4 6 .7 3 -7 7 - 0 .1 - 1 .5 - 4 .7 - 3 .5 - 3 .5 —6 . 6 - 6 .5 0 .1 - 1 0 .7 - 2 5 .2 4=77 0 .5 —0 . 7 - 3 .5 - 2 .2 - 2 .1 - 4 .5 - 4 .0 1 .7 - 5 .2 - 1 0 .6 6 .8 1 -7 8 3 .0 2. 1 - 0 .2 1 .3 1 .9 0 .3 1 .5 7 .6 3 .4 2 .4 1 9 .8 3 4 .4 2 -7 8 6 .0 5 .4 3 .5 5 .3 6 .3 5 .4 7 .3 1 3 .6 1 1 .3 1 2 .5 2 8 .9 4 1 .6 4 9 .1 3 -7 8 5 .5 4 .9 3 .2 4 .8 5 .6 4 .8 6 .3 1 1 .5 9 .3 9 .9 2 1 .0 2 6 .1 2 2 .1 0 .0 4 -7 8 5 .8 5 .2 3 .6 5 .1 5 .9 5 .2 6 .6 1 1 .2 9 .3 9 .7 1 8 .5 2 1 .6 1 7 .6 4 .4 8 .9 1 -7 9 7 .9 7 .6 6 .2 7 .8 8 .8 8 .4 1 0 .1 1 4 .6 1 3 .3 1 4 .3 2 2 .7 2 6 .1 2 4 .2 1 6 .8 2 6 .3 4 6 .3 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 1 7 0 .4 1 6 7 .4 1 6 5 .6 1 6 8 .3 1 5 6 .5 1 5 9 .1 1 7 1 .3 1 8 9 .3 1 8 9 .3 1 9 3 .4 2 1 2 .7 INITIAL Q U A R T E R PREPARED BY FEDERAL RESERVE BANK OF S T. 33 LOUIS FINANCIAL INDICATORS MET ROPOL I T AN MEMBER BANK DATA SEASONALLY ADJUSTED INDEXs 1974-100 210 TOTAL 1974-100 TOTA L DEPOSI T S LOANS - u . s . - U.S. SMSA15 .— SMSA15 , 1 70 ,974’ 1 i --------------------1 — 210 17 0 130 13 0 __ 90 90 50 -L i 1 1 1 111.1 1 1 11 111! 1 1 1 M ■l-tli-Lll 1 i J-l. 1975 1976 1977 ■■I ■■I ■■I ■ 11111111111 1978 1979 ■i1111111111 111i.iiiilii 11111111 ll1 I1111111 1j-l. 111II1111ll. 1975 EVANSVILLE: 1976 1977 1978 1979 50 IN-KY 210 210 170 170 13 0 130 90 90 50 50 210 170 130 90 50 LOUISVILLE: MEMPHI S: KY-IN T N - A R - MS 210 — — 170 130 — — | ,| | | , 7 i 1111 ST. LOUIS: 11 L i h i l l i ■I - L l l . i l 1 1 1-1—L. ■11 1 I I I j ..i L . l 1 1 I u I l l L l l 210 — — — — 1 30 170 130 ------------ ^ 90 50 50 MO-IL 210 170 90 90 7.1. ..l i . l . . 1975 1976 1111 111 111 1 11111111111 11111111111 1977 1978 1979 LATEST DATA PLOTTED: MARCH 11111111111 11111111111 1975 1976 1111111111l 1977 1978 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 34 50 FINANCIAL INDICATORS METROPOL 1TAN MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: JANUARY 1979 I.QTAL LQAUS. UNI TED STATES ^ METROPOLITAN SUMMARY* COLUMBIA: MO EVANSVI LLE: 1N-KY FAYETTEVILLESPRINGDALE: AR FORT SMI TH: AR L I T T L E ROCK-NORTH L I T T L E ROCK: AR LOUISVILLE: K Y-IN MEMPHIS: TN-AR-MS PI N E BLUFF: AR ST. L OUI S: M O - 1L S P R I N GF I EL D : MO TEXARKANA: AR I.PTAL DEPOSITS UNI TED STATES METROPOLITAN SUMMARY* COLUMBIA: MO EVANSVI LLE: 1N-KY FAYETTEVILLESPRINGDALE: AR FORT SMI TH: AR L I T T L E ROCK-NORTH L I T T L E ROCK: AR LOUISVILLE: K Y-IN MEMPHIS: TN- AR-MS P I N E BLUFF: AR S T . L OUI S : M O - 1L S P R I N GF I EL D : MO TEXARKANA: AR COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1979 1974-100 FEBRUARY 1979 MARCH 1979 FROM PREVIOUS 3 MONTHS FROM SAME MONTHS A YEAR AGO N. A. 141.0 173. 1 177.2 N.A. 143.5 172.3 178. 1 N.A. 145.0 175.0 162.4 N.A. 8.5 24.4 24.9 N.A. 14.0 18.3 20.3 210.7 167.7 217.3 170.5 215.2 168.3 3.8 -0.7 7.4 7.9 150.4 154.0 103.6 152.6 143.3 127.2 172.5 155. 1 159.8 103. 1 162.3 143.7 131.5 177.0 159.5 162.5 102.6 1 61. 1 144.8 13 1 . 1 176.9 -13.2 6.8 2.0 17.6 16.9 20.4 10.2 2.2 21.8 3.6 12.6 18.3 -16.8 17.2 N.A. 133.8 163.6 166.9 N.A. 134.3 164.7 167.3 N.A. 134.3 169.4 1 67. 1 N.A. 1.2 2.0 9. 1 N.A. 5.7 1 2. 2 11.9 176.8 165.0 180. 1 171.7 182.3 169.8 6.4 11.1 144.3 159.5 115.2 149.8 121.6 119.4 160.7 144.7 161.3 113.6 152.8 121.5 120.7 160.3 146.0 161.0 111.7 157.3 122. 1 122. 1 162.4 -9.3 14.4 4.3 19.6 -7.8 9. 1 6.5 7. 1 8.5 1.3 17.0 1.0 9.8 3. 1 -19.0 8.4 AVERAGE NUMBER OF MEMBER BANKS STATE SUMMARY (EIGHTH DISTRICT ) METROPOLITAN SUMMARY* NONMETROPOLITAN SUMMARY ARKANSAS F AYETT EV1L L E S P R 1NGDALE: AR FORT SMI TH: AR L I T T L E ROCK-NORTH L I T T L E ROCK: AR PI N E BLUFF: AR TEXARKANA: AR NONMETROPOLITAN AREAS KENTUCKY LOUISVILLE: K Y-IN NONMETROPOLITAN AREAS ILLINOIS NONMETROPOLITAN AREAS INDI ANA EVANSVI LLE: 1N-KY NONMETROPOLITAN AREAS MISSISSIPPI NONMETROPOLITAN AREAS MISSOURI COLUMBIA: MO ST. L OU I S : MO - 1L S P R I NG F I EL D : MO NONMETROPOLITAN AREAS TENNESSEE MEMPHIS: TN-AR-MS NONMETROPOLITAN AREAS JANUARY 1979 FEBRUARY 1979 MARCH 1978 406.00 121.80 282.20 74.80 404.00 121.00 281.00 74.00 403.33 121.00 260.33 74.00 419.00 127.00 290.00 78.00 6.00 3.00 6.00 3.00 6.00 3.00 6.00 3.00 7.00 4.00 3.00 49.80 41.00 6.00 31.00 129.00 103.00 40.00 13.00 27.00 17.00 16.00 90.20 4.00 61.60 4.00 46.40 14.00 8.00 9.00 7.00 4.00 3.00 49.00 41.00 8.00 31.00 129.00 103.00 40.00 13.00 27.00 17.00 16.00 89.00 4.00 61.00 4.00 46.00 14.00 8.00 9.00 7.00 4.00 3.00 49.00 41.00 8.00 31.00 128.33 102.33 40.00 13.00 27.00 17.00 16.00 89.00 4.00 61.00 4.00 46.00 14.00 8.00 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 65.00 5.00 51.00 15.00 9.00 9.00 X EXCLUDES BANKS IN TWO METROPOLITAN AREAS MARCH 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 35 FINANCIAL I NDI CATORS NONMETROPOL I T AN MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1 9 7 4 - 1 0 0 TOTAL D E P O S I T S 1974-100 210 170 130 90 1975 1976 1977 1978 1979 5° NONMETROPOLITAN ARKANSAS NONMETROPOLITAN KENTUCKY NONMETROPOLITAN M I S S I S S I P P I NONMETROPOLITAN MI SSOURI 210 170 130 90 50 NONMETROPOLITAN TENNESSEE 210 210 170 — — 170 130 130 90 50 90 11111111111 11111111111 11111111111 11111111111 11111111111 1975 1976 1977 1978 1979 LATEST DATA PLOTTED■ MARCH 1975 1976 1977 1978 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 36 50 FINANCIAL INDICATORS NONMETROPOLI TAN MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: COMPOUNDED ANNUAL RATES OP CHANGE 3 MONTHS ENDING MARCH 1979 1974-100 FROM SAME MONTHS A YEAR ACO JANUARY 1979 FEBRUARY 1979 MARCH 1979 FROM PREVIOUS ___ 3 MONTHS___ 166.3 167.3 168.9 0.5 9.5 151.0 192.5 171.5 179. 1 156.5 153.5 147.9 148. 1 195. 1 173.5 179.7 158.7 155.5 149.7 148.9 198.0 173.7 182.2 161.2 15 7 . 1 149.6 -12. 1 12. 1 14.6 4.8 2.3 -7.6 -5.9 4.2 12.3 17.0 12.5 13.3 4.2 9.7 146. 1 146.9 147.4 -2.2 4.7 136.9 154.0 1 44. 1 161.6 155.3 136.2 140.2 134.6 155.4 145.6 163.5 157.4 137.5 141. 1 135.0 155.9 145.6 165.3 157.0 136.2 140.5 -8.7 2.6 7.2 4.0 0.6 -13.6 0.0 1.0 5.2 9.5 9.4 11.1 -2. 1 10.3 TOTAL LOANS NONMETROPOLITAN SUMMARY ARKANSAS I LLINOIS INDIANA KENTUCKY MISSISSIPPI MISSOURI TENNESSEE TOTAL DEPOSITS NONMETROPOLITAN SUMMARY ARKANSAS ILLINOIS INDIANA KENTUCKY MISS1SSIPP1 MISSOURI TENNESSEE MEMBER BANK DATA BY S T AT E SEASONALLY ADJUSTED INDEX: COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1979 1974-100 JANUARY 1979 FEBRUARY 1979___ MARCH 1979 147.9 149.9 151.3 156. 1 171.6 168. 1 160.6 157.8 144.9 106.6 158.0 174.6 169.6 165.3 160.4 145.4 107.8 137.9 145.3 140.4 150.3 161.8 158. 1 125.4 117.7 FROM PREVIOUS ___ 3 MONTHS FROM SAME MONTHS A YEAR ACO TOTAL LOANS STATE SUMMARY (EIGHTH DISTRICT ) ARKANSAS ILLINOIS INDIANA KENTUCKY MISSISSIPPI MISSOURI TENNESSEE 5.5 12.6 159.8 176. 1 172.2 168.2 163.2 146.7 107.6 -7.0 17.6 21.0 5.3 3.3 11.8 0.4 5.1 13.1 18.4 19.6 13.5 14.8 4.4 138.6 138.8 -0.3 5.4 145.5 142.0 151.7 163.5 160.4 125.5 116.6 146.4 142.0 151.6 165.0 160.0 126.6 115.0 -3.5 7.4 9.5 9.1 1.3 -10.7 3.2 3.2 4.9 11.2 14.6 11.9 1.0 2.2 TOTAL DEPOSITS STATE SUMMARY (EIGHTH DISTRICT ) ARKANSAS ILLI NOIS INDIANA KENTUCKY MI SSISSI PPI MISSOURI TENNESSEE PREPARED BY FEDERAL RESERVE BANK OF ST. 37 LOUIS F I N AN C IA L INDICATORS SAVI NGS AND LOAN A S S O C I A T I O N DATA SEASONALLY ADJUSTED INDEX: 1974-100 KENTUCKY 260 220 180 140 100 TENNESSEE 260 — — 220 180 140 •** 111111111 111111111l 1 111111111l 1 1111111111l 11111111111 1975 1976 1977 1978 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 38 100 FINANCIAL INDI CATORS S A V I N G S AND LOAN A S S O C I A T I O N DATA SEASONALLY ADJUSTED INDEX. TOTAL SAVINGS UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITHt AR LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LOUISVILLE: K Y - 1N MI SSISSI PPI 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 LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LOUISVILLE: K Y - 1N M I S SI SS IPP I MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR-MS 1 9 7 4 - 1 0 0 _________ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1979 JANUARY FEBRUARY MARCH FROM PREVIOUS FROM SAME MONTHS A 1979 1979 1979 ___? .MONTHS__ YEAR AGO 185.7 187.4 178.2 201.6 186.5 187.2 188.9 179.6 203.3 187.8 188.8 190.7 181.5 207.5 191.8 10.9 11.3 10.9 18.8 15.3 11.9 11.8 10.7 15.8 14.2 185.1 181.9 182.8 168.0 292.5 177.6 179.4 164.7 190.1 182.7 186.2 181.5 184.2 168.9 235.0 179.0 180.9 165.3 191 .6 184.0 194.4 182.0 186.7 169.7 236.1 180.4 182.5 166.3 192.9 184.7 17.6 33.3 11.6 4.1 13.7 9.7 10.8 11.9 11.6 10.9 12.7 17.1 10.4 7.1 12.4 10.6 10.9 10.7 12.9 11.1 181.3 188.0 174.7 199.5 194.0 182.7 188.7 175.6 200.9 196.2 183.9 190.0 176.5 202.3 199.5 12.5 12.3 10.9 11.7 16. 1 12.9 15.4 12.4 12.2 13.6 181.4 167.4 . 184.2 166.9 217.5 179.1 174.3 180.0 194.1 174.9 181.8 167.3 184.6 167.2 219.0 180.3 175.7 180.7 194.9 175.9 182.5 166.5 185.5 167.6 219.8 181.4 176.9 180.8 195.9 175.1 10.3 1.9 10.1 7.0 17.0 11.1 10.9 17.7 14.0 10.4 8.9 5.9 11.9 10. 1 14.0 13. 1 13.0 16.8 15.7 13.8 NUMBER OF SAV1NGS AND LOAN ASSOC 1AT 1ONS UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LOUISVILLE: K Y - 1N MI SS IS SI PP I MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR-MS JANUARY 19T9 FEBRUARY 1979 MARCH 19T9 MARCH 19TB 4,048 448 91 75 4 4,038 444 92 75 4 4,039 ' 444 91 75 4 4,060 440 89 73 4 7 3 105 12 60 112 54 5 96 6 7 3 104 12 60 112 55 5 93 6 7 3 105 12 60 112 54 5 92 6 7 3 102 11 60 112 54 5 93 5 PREPARED BY FEDERAL RESERVE BANK OF ST. 39 LOUIS POPULATION Bureau of the Census Compounded Annual Rates of Change 1970 1960 to to 1977 1970 1970 1977* 203,305,000 216,856,000 .9 1.3 15,964,668 17,091,000 1.0 .7 CMV Metropolitan Areas 5,654,793 5,860,800 .5 1.3 Arkansas FayettevilleSprlngdale: AR Fort Smith: AR-OK Little Rock-North Little Rock: AR Pine Bluff: AR Texarkana: AR-TX 1,923,322 2,144,000 1.6 .7 127,846 160,421 154,700 187,000 2.8 2.2 3.3 1.7 323,296 85,329 113,488 369,100 84,400 118,600 1.9 - .2 .6 1.7 .5 1.2 Kentucky ClarksvilleHopklnsvllle: KYEvansville: IN-KY Louisville: KY-IN Owensboro: KY 3,220,711 3,458,000 1.0 .6 118,945 284,959 867,330 79,486 145,100 290,600 883,100 80,300 2.9 .3 .3 .1 .6 .5 1.4 1.2 Mississippi 2,216,994 2,389,000 1.1 .2 Missouri Columbia: MO St. Louis: MO-IL Springfield: MO 4,677,623 80,935 2,410,602 168,053 4,801,000 88,800 2,379,800 192,900 1.3 - •2 2.0 .8 3.9 1.2 1.9 Tennessee Memphis: 3,926,018 834,103 4,299,000 886,400 1.3 .9 1.0 1.4 United States CMV States * Provisional TN-AR-MS A
@FedFRASER