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OLUM BIA ■^s/nc'V TRAL MISSiSSiPPI VALLEY NOMIC INDICATORS &m j m | ST. L O U I S ' ^ iVANSVILLE UISVILLE O S P R IN G F IE L D OFAYETTEVILLE-SPRINGDALE FORT SMITH MEMPHIS LITTLE ROCK o PINE BLUFF TEXARK ANA Prepared by Federal Reserve Bank of St. Louis 3RD QUARTER 1979 Released: December 12, 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. 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 Consumer price indices are from the U.S. Department of Labor. Electric power consumption data for the Eighth Federal Reserve District are based on reports to this Bank from various utility and self-generating 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 SUM M ARY OF C E N TR A L MISSISSIPPI V A L L E Y ECONOMIC A C TIV ITY Business activity in the Central Mississippi Valley (C M V ) over the past two quarters (first quarter 1979 to third quarter 1979) has slowed more rapidly than in the United States. So far the slowing has been concentrated in the manufacturing and residential building sectors, both of which have slowed more in the region than in the nation. Some sectors continue strong, however, such as nonresidential building and agriculture. The rate of growth of consumer spending in both the C M V region and the nation slowed considerably in 1979. Department store sales in six C M V cities were up only about 6 percent in the three months ending August from the same period a year ago, and such sales were up only about 7 percent for the nation as a whole. Although automobile sales data for the region are not presently available, U.S. automobile sales (units) were down 11 percent in the three months ending in August from the same months a year ago. In the past two quarters manufacturing activity, as measured by employment, has slowed much more in the C M V region than in the United States. Such employment declined at over a 7 percent annual rate in both the C M V states and cities whereas U.S. manufacturing employment remained unchanged, on balance. Declines in manufacturing employment have occurred in nearly all the major manufacturing industries in the C M V with the largest losses concentrated in lumber and furniture and in automobile manufacturing, where declines at rates of about 17 and 13 percent, respectively, occurred. Nonmanufacturing employment has also slowed in the C M V region. Such employment in the C M V states declined slightly in the past two quarters, but rose slightly in the C M V cities. In comparison, U.S. nonmanufacturing employment continued to advance at about a 3 percent annual rate. Payroll employment, comprising both nonmanufacturing and manufacturing employment, declined at a 2.3 percent rate in the C M V states, whereas U.S. payroll employment continued to post gains at about a 2.5 percent annual rate. Part of the slower growth in nonmanufacturing employment can be attributed to a greater slowing in the residential sector in the C M V region than in the United States. Housing permits in the five C M V states were down in the third quarter about 12 percent from a year ago, and in the C M V cities were down about 25 percent. In comparison, U.S. housing permits declined only about a 7.5 percent from a year ago. Construction activity, overall, has remained fairly strong in the region due to increases in nonresidential building activity. Nonresidential building contracts let in the C M V states during the first three quarters o f 1979 were up about 25 percent from the same period a year ago, about the same as the increase for the United States. Nevertheless, construction employment in the five C M V states declined at a 5.2 percent annual rate from the first to the third quarter, compared with a 6.4 percent rate of increase in the United States. The agricultural sector in the C M V , as well as in the nation, has produced large crops in 1979 and with generally higher agricultural prices, farm income has subsequently risen. Corn, soybean, and rice production in the C M V states rose 16, 22, and 7 percent, respectively, from the 1978 level. Pork and poultry production also increased in the C M V region. In the first eight months of this year, cash receipts in the five C M V states averaged about 22 percent above a year earlier. 3 INCOME AND TRADE INDICATORS PERSONAL I NCOME S E AS O NA LL Y A D JU S T E D INDEX: 1 9 7 1 - 1 0 0 1971-100 1971-J00 260 —I 220 180 140 100 KENTUCKY 260 220 180 140 100 M ISSISSIPPI TENNESSEE 26 0 26 0 220 220 180 180 140 140 100 100 LATEST DATA PLOTTED: 2ND QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 4 INCOME AND TRADE INDICATORS PERSONAL I NCOME SEASONALLY ADJUSTED INDEX: COMPOUNDED ANNUAL RATES OF CHANGE 1971-100 1ST QTR 1979 TO 2NJL ttLR.JJ.73. 1ST QUARTER 1979 2ND QUARTER 1979 2ND QTR 1978 TO 2ND QTR 1979 UNITED STATES 216.3 221 . 1 9.0 12.1 CMV STATE SUMMARY 225.8 229.0 5.8 11.3 ARKANSAS 244.7 245.3 1.0 12.4 KENTUCKY 234.4 239.2 8.6 12.0 MISSISSIPP1 230. 1 230.3 0.3 9. 1 MISSOURI 208. 1 212.4 8.5 11.3 TENNESSEE 232.9 235.7 4.9 11.4 STATE SUMMARY-PERSONAL INCOME COMPOUNDED ANNUAL RATES OF CHANGE INITIAL QUARTER TERMINAL QUARTER 1-75 2-75 2-75 3-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 * 1-78 1971*100 2-78 3-78 4-78 1-79 147.7 14.4 153.1 3-75 14.9 15.4 4—75 13.2 12.6 9.7 13.2 12.7 11.4 1-76 4-75 156.7 161.6 13.1 164.3 2-76 11.9 11.2 9.9 9.9 6.9 3-76 11.2 10.6 9.4 9.3 7.4 8.0 4-76 11.4 10.9 10.0 10.1 9.1 10.2 12.5 167.5 172.5 1-77 11.6 11.3 10.6 10.7 10.1 11.3 12.9 13.4 2-77 11.7 11.3 10.7 10.9 10.5 11.4 12.5 12.5 11.7 3-77 11.7 11.4 10.9 11.1 10.7 11.5 12.4 12.4 11.9 12.1 4-77 11.8 11.6 11.2 11.4 11.1 11.8 12.6 12.6 12.4 12.7 1-78 11.4 11.1 10.7 10.8 10.5 11.1 11.6 11.4 10.9 10.6 9.9 6.5 2-78 11.9 11.7 11.3 11.5 11.3 11.9 12.5 12.5 12.3 12.4 12.5 12.1 178.0 183.0 188.3 13.4 194.3 197.4 17.9 205.7 3-78 11.9 11.7 11.4 11.5 11.3 11.9 12.3 12.3 12.1 12.2 12.3 11.9 14.7 11.6 4-78 12.1 11.9 11.6 11.8 11.7 12.2 12.6 12.6 12.5 12.7 12.8 12.7 14.8 13.2 1-79 12.1 12.0 11.7 11.9 11.8 12.3 12.7 12.7 12.6 12.8 12.9 12.8 14.4 13.2 14.1 13.2 2-79 11.8 11.6 11.3 11.4 11.3 11.7 12.0 12.0 11.8 11.9 11.8 11.6 12.6 11.3 11.3 9.4 5.8 1-75 2-75 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 211.4 * 15.0 218.9 225.8 INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 229.0 INCOME AND TRADE INDICATORS DEPART MENT STORE SAL ES SE A S O N A LL Y A D J U S T E D INDEX: 1 9 7 1 - 1 0 0 1971-100 35 0 1971-100 3 5 0 ----------- 1 27 0 - u.s. ___ SMSA’3 270 190 190 110 1 10 30 1111111»111 111»11»1111 1111111111» .■1■.1■■1■■ .■1■■1.■1■. ■■1M 1■.1M 1973 1974 1975 1976 1977 1978 ■.1M 1.■1.. 1979 30 L I T T L E ROCK - NORTH L I T T L E ROCK: AR 3 50 350 270 ^ — ^ — 270 190 190 110 110 30 ii1ii1ii1ii ■■1.■1.■1■. ■■1■■1■■1■■ ■.1.■1■■1.■ ■■1■■1■■1■. ■.1■■1■■1.■ 1111111»I»» LOUISVILLE: 1 1 L. 350 270 — 190 110 35 0 27 0 190 — 30 ~ ....... 30 KY-IN 111111111l.i ■■1■■1■■1■■ ■i h . l . l l . ! MEMPHI S: 1* ■■1■■1M 1.■ ■■1■■1■■1M 110 ■■1■■1■■1■■ 30 T N - AR - MS 350 270 190 1 10 30 INCOME AND TRADE INDICATORS D EPARTMENT STORE SALES SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE 1971-100________3 MONTHS ENDING AUGUST 1979 __________ INDEX; FROM SAME MONTHS A y e a r a q q ._ JUNE 1979 JULY 1979 AUGUST 1979 UNITED STATES 195.5 202.3 206.0 7.9 6.8 CMV METROPOLITAN SUMMARY 193.0 186.7 196.7 9.5 5.8 307.9 304.1 294.9 4.2 4. 1 295.9 287.5 298.9 -6.5 2. 1 179.2 171.8 186.3 12.8 6.7 FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR LOUISVILLE: KY-IN MEMPHIS: TN-AR-MS ST. LOUIS: M O - 1L SPRINGFIELD: MO FROM PREVIOUS 3 MONTHS 180.8 175.4 191.6 26.7 8.3 185.1 178.6 184.5 1.8 5.5 211.4 206.4 216.4 -9.9 4.6 X DATA NOT COMPARABLE, SEE INCOME AND TRADE INDICATORS, PAGE 2 U.S. DEPARTMENT STORE SALES COMPOUNDED ANNUAL RATES OF CHANGE INITIAL QUARTER TERMINAL QUARTER 1-75 2-75 3-75 4-75 2-75 21.6 3-75 1A.0 0.3 A—75 11.7 7.0 1—76 ll.A 0.1 8.1 10.5 2-76 9.6 6.7 6.2 6.5 1-76 2-76 3-76 4-76 1-77 2-77 3-77 1971*100 4-77 1-78 3-78 4-78 1-79 133.9 136.6 5.7 138.5 «. 142.0 2.6 142.9 3-76 9.9 7.6 7.5 8.1 6.9 11.4 A—76 11.1 9. A 9.6 10.6 10.7 14.9 146.8 18.6 153.2 1-77 10.4 8.9 9.0 9.7 9.5 11.9 12.2 6.1 2-77 10.2 0.9 8.9 9.5 9.3 11.1 11.0 7.3 3-77 11.7 10.7 11.0 11.7 12.0 13.9 14.6 13.3 17.0 26.2 A—77 13.5 12.8 13.3 14.3 14.8 17.0 18.1 18.0 22.3 29.8 33.5 155.5 8.5 158.7 168.2 180.8 1—70 12.0 11.2 11.5 12.1 12.3 13.8 14.2 13.4 15.2 17.6 13.5 -3.5 2-70 12.3 11.5 11.8 12.5 12.7 14.0 14.4 13.7 15.3 17.1 14.2 5.6 15.6 3-70 2-78 179.2 185.8 11.1 ll.A 11.9 12.0 13.2 13.4 12.6 13.0 14.9 12.2 5.9 10.9 6.4 A—70; 11.5 10.8 11.0 11.5 11.6 12.5 12.6 11.9 12.8 13.5 11.1 6.1 9.6 6.7 7.0 1-79 10.9 10.2 10.3 10.7 10.7 11.5 11.5 10.7 11.3 11.7 9.5 5.2 7.5 5.0 4.3 1.7 2-79 10.0 10.2 10.3 10.6 10.6 ll.A ll.A 10.6 11.2 11.5 9.5 6.0 8.0 6.2 6.1 5.7 9.9 1-75 2-75 3-75 A—75 1-76 2-76 3-76 A— 76 1-77 2-77 3-77 4-77 1-78 2-78 3-70 4-70 1-79 188.7 191.9 192.7 197.3 INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 INCOME AND TRADE INDICATORS FARM CASH R E C E I P T S SEASONALLY ADJUSTED INDEX: 1971-100 1971-100 1971-100 M ISSISSIPP I 380 300 220 140 60 MISSOURI TENNESSEE 8 INCOME AND TRADE I N D I C A T O R S r ARM CASH R E C E I P T S SEASONALLY ADJUSTED COMPOUNDED ANNUAL RAT ES OF CHANGE 1 9 7 1 - 1 0 0 ___________ 3 MONTHS ENDI NG AUGUST 1 9 7 9 INDEX: FROM SAME MONTHS A YEAR AGO JUNE 1979 JULY 1979. AUGUST 1979 UNITED STATES 247,8 230,4 241.6 -1 7 .2 17.9 CMV STATE SUMMARY 260. 1 245.8 258.3 -3 3 .9 22.0 ARKANSAS 239.8 255.8 307.2 -32.6 10.9 KENTUCKY 255.4 283.2 280.8 -52.6 23.5 MISSISSIPP 1 213.3 226.6 224.6 -53.0 14.2 MISSOURI 271.0 206.9 235.6 -56.4 33. 1 TENNESSEE 260.9 261.1 255.8 -8.9 21.9 CTATF O M N A R V -F A IN c u m FROM PREVI OUS 3 MONTHS ftFr.FTPT* COMPOUNDED <ANNUAL RATES OP CHANGE TERMINAL INITIAL QUARTER ___ O IIA D T n 1—T5 2-75 5-75 2—75 95*6 5—75 81*8 69.0 A—75 19.8 -6 .2 -A7.9 A—75 1-76 2-76 3-76 A—76 1-77 2-77 3-77 1971*100 A -77 1-78 2-78 3-78 A—78 1-79 * 162.6 185 .A 157.5 1-76 25.5 8 .2 -13.A A3. 9 2-76 51.1 18.6 5. A 50.0 56.A 192.9 5-76 1A.9 5.5 -8.6 10.2 -3.6 -AO. 5 169.A A—76 16.7 7.1 -2.3 1A.3 5.9 -12.8 27.8 1-77 16.A 8.1 O.A 1A.A 8.1 —A.5 21.1 2-77 12.2 A.7 -2.3 8.5 2.6 -7.7 6.9 5-77 12*2 5.5 -0.5 9.1 A.2 —A.O 8.3 172.5 180.1 1A.7 186.A -2.2 -16.7 2.5 -3.2 178.1 12.A 183.A A—77 15.2 7.2 1.9 10.8 6.8 0.2 11.2 7.A 5.1 18.0 23.9 1-7S 17.0 11.6 7.1 16.0 13.0 7.8 19.1 17.A 18.1 32.6 AA.O 6 7.A 2—78 15.7 10.7 6.5 1A.A 11.6 6.9 16.3 1A.5 1A.A 23.9 27.9 30.0 5-78 15.5 8.7 A.7 11.6 8.8 A.5 12.1 10.1 9.3 15.A 16.1 13.T 193.5 22 0rl 0.9 220.6 -6.3 -13.1 213.0 A—78 15.8 9.A 5.8 12.3 9.8 6.0 13.0 11.3 10.8 16.2 16.9 15.2 1.8 2.2 1-79 18.8 1A.9 11.8 18.5 16.6 13.6 21.1 20.A 21.2 27.8 30.6 31.9 2A .3 33.3 65.0 126.6 2-79 16.6 12.9 9.9 15.9 1A.0 11.0 17.5 16.5 16.7 21.7 23.1 23.0 15.6 19.6 33.1 AO.O —I3.A 1 -7 * 7-7* *-7* A—7* 1-7* 7 -7 A l-T fc 4>7A 1 -7 7 7 -7 7 * -7 7 4 -7 7 1 -7 * 7—7 * * —7A 4 -7 R 1 —TQ • ------------------------------------------ ---------------------- -----------------------------------------------------------------------INITIAL 20.1 223.0 273.6 QUARTER__________________________________________________________________ PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 263.9 EMPLOYMENT INDICATORS TOTAL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1971-100 1971-100 1971-100 ARKANSAS 135 125 115 105 95 KENTUCKY 135 125 115 105 95 M ISSISSIPP I TENNESSEE 135 125 115 105 95 10 EMPLOYMENT INDICATORS TOTAL EMPLOYMENT SEASONALLY ADJUSTED __________ INDEX: JULY AUGUST SEPTEMBER 122.9 120.9 117.2 130.8 130.9 122.5 120.8 116.5 129.2 128.6 123.3 120.8 115.4 127.7 126.8 -9.9 2.7 2.8 2.1 5.8 0.2 137.0 125.3 121.4 121.7 114.0 125. 1 118.4 115.3 136.3 116.9 108.3 135.7 124.5 122.2 121.2 115.2 123. 1 118.2 114.4 135.8 117.4 108.6 133.7 121.5 124.0 120.8 116.5 123.6 117.1 112.0 133.6 118.2 109.1 0.6 -3.2 5.4 -2.0 5.0 -3.8 1.0 1.4 -1.8 2.8 4.9 7.6 4.7 -0.6 -1.5 0.7 3. 1 3.1 1.5 1.9 4.0 4.4 1979 1979 UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR 1971-100 _______ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS END IN6 SEPTEMBER 1979 FROM SAME MONTHS A FROM PREVIOUS YEAR AGO 3 MONTHS 1979 3.3 1.7 1.0 0.0 STATE SUMMARY-TOTAL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE 1—75 2-75 1971*100 INITIAL QUARTER TERMINAL QUARTER 2-75 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 105.3 -2.2 3—75 1.5 4-75 3.4 1-76 4.2 2-76 3.8 3-76 3.1 4-76 3.1 . 5.4 7.3 6.4 106.7 108.6 6.9 6.4 110.3 5.3 5.3 4.3 2.2 4.2 3.9 2.8 1.1 0.0 4.1 3.8 2.9 1.8 1.6 3.3 110.9 110.9 111.8 1-77 3.6 4.5 4.3 3.7 3.1 3.4 5.1 7.0 2-77 4.0 4.8 4.7 4.3 3.9 4.3 5.8 7.1 7.2 3-77 3.9 4.6 4.4 4.0 3.7 3.9 5.0 5.5 4.8 2.4 4-77 3.7 4.3 4.1 3.8 3.4 3.6 4.3 3.8 2.1 1.7 1-78 3.5 4.0 3.9 3.5 3.2 3.3 3.9 4.0 3.3 2.0 1.7 113.7 115.7 116.4 116.9 117.4 1.7 2-78 3.3 3.8 3.6 3.2 2.9 3.0 3.4 3.4 2.7 1.6 1.4 1.2 0.7 3-78 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 -0.3 117.6 4-78 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 4.8 117.5 119.1 1-79 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 2-79 3.0 3.4 3.3 3.0 2.7 2.7 3.0 3.0 2.5 2.0 1.9 1.9 2.0 2.3 3.2 2.0 -0.7 3-79 3.0 3.3 3.2 2.9 2.6 2.7 2.9 2.9 2.5 1.9 1.9 1.9 1.9 2.2 2.8 1.9 0.5 1.7 1-75 2-75 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 120.5 120.3 INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 120.8 EMPLOYMENT INDICATORS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT PERCENT ARKANSAS KENTUCKY 12 9 6 3 0 M ISSISSIPP I MISSOURI 12 9 6 3 0 TENNESSEE 12 9 6 3 0 12 EMPLOYMENT INDICATORS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE: KY-1N MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR MONTHLY AVERAGE 3 MONTHS ENDING JULY 1979 AUGUST 1979 SEPTEMBER 1979 SEPTEMBER 1979 JUNE 1979 5.7 6.0 5.8 5.8 5.7 5.5 5.7 6. 1 5.8 4.9 5.1 6. 1 6. 1 5.8 4.6 6.0 7.6 7.0 8.7 7.2 9. 1 6.7 8.5 5.3 7.4 4. 1 5.4 5.0 6.3 4.8 7.0 4.6 6.2 3.6 5.3 5.8 5.6 5.6 6. 1 5.9 7.2 6.0 5.6 5.9 5.9 5.7 6.2 4.9 5.3 4.7 5.5 5.4 5.7 5.6 5.6 4.2 4.9 3.5 4.8 5.9 4.0 5.3 6. 1 4.3 4.8 5.7 4.0 4.0 4.7 3.2 6.2 5.3 6.4 5.4 6.7 6.7 6.4 5.8 5.3 4.6 Cl V I L I A N LABOR FORCE SEASONALLY ADJUSTED THOUSANDS OF PERSONS JULY 1979 UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE: KY-1N MISSISSIPP 1 MISSOURI ST. LOUIS: MO- 1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR AUGUST 1979 SEPTEMBER 1979 COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER FROM PREVIOUS FROM SAME MONTHS A __ 3 MONTH?__ YEAB.AM 103, 058.9 103,048.9 103,498.0 7,814.6 2,463.3 7,835.6 7,859.6 3.6 5.7 2.8 2.4 983.9 84.4 2,472.9 982.2 83.9 2,452.5 973.2 83.2 6.0 5.9 -5.5 2.2 6.3 1.6 188.2 38.4 188.2 38.5 185.0 37.8 4.8 1.1 7.3 3.8 1,540.4 140.3 411.7 1,555.7 140.2 423.4 1,577.4 139.3 421.8 -0.2 -1. 1 1.4 982.0 966.3 973.2 10. 1 -0.3 12.0 -4. 1 2,324.9 I,110.7 103.2 2,333.8 1,113.6 103.4 2,325.2 1,092.8 102. 1 4.3 5.5 1.6 2.8 1.3 1.6 1,976.2 383.4 1,989.2 384.7 2,008.0 391.7 7.9 10.5 4.5 4.6 0.9 PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS 13 EMPLOYMENT INDICATORS AVERAGE HOURLY EARNINGS MANUFACTURING AVERAGE WEEKLY HOURS WORKED MANUFACTURING SEASONALLY ADJUSTED SEASONALLY ADJUSTED D O L L A R S PER HOUR H O U R S PER WEE K KENTUCKY 8 6 — — — — 4 ■ v ™ * — ^ 2 0 ■1liu.l 1.1111 H 1« » 1M1»» -uluJLulu. l l l l i l l l l l l , 1■1111*11I 11 - u i l i l l l l l l ■■iiiiiiiii f / j 1 1 - u l.i i L i ^ iili.iliilii y M _ 1 II 1 1 1 1 l 7 g M ISSISSIPPI TENNESSEE 8 6 _ _ 48 44 4 40 2 36 llllillllll ,,1,,I,.1,7 0 niiiiiiiii llllillllll llllillllll 1977 1979 1978 1975 1976 LATEST DATA PLOTTEO: SEPTEMBER 0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 14 EMPLOYMENT INDICATORS AVERAGE HOURLY EARNINGS - MANUFACTURING SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER 1979 DOLLARS PER HOUR UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE R O C K - N O R T H L I T T L E ROCK: AR PINE BLUFF: AR KENTUCKY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: M O - 1L S P R I N G F I E L D : MO TENNESSEE MEMPHIS: TN-AR SEPTEMBER FROM PREVIOUS 3 MONTHS 1979___ FROM SAME MONTHS A YEAR JULY 1979 AUGUST 1979 6.71 6.69 6.80 7.7 8.4 5.91 5.98 6.01 6.8 8.3 7.14 7.18 7.23 6. 1 7.6 5.21 5.38 5.27 5.46 5.32 5.52 8.8 12.6 9.8 8.5 5.89 6.61 6.77 7.59 5.93 6.80 5.98 6.60 7.6 10.5 6.86 7.74 6.90 7.84 5.2 8.9 7.4 10.9 8.7 9.3 4.98 5.02 4.99 7.2 8.2 6.69 7.53 6.00 6.72 7.56 5.92 5.54 6.41 6.76 7.59 6. 10 6.2 5.7 6.0 5.60 6.48 6.5 7.4 8.6 6.3 10.2 7.1 8.8 5.46 6.49 AVERAGE WEEKLY HOURS WORKED - MANUFACTURING SEASONALLY ADJUSTED ___________HOURS PER WEEK_________ UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE R O C K - N O R T H LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY L O UISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: MO- 1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR JULY 1979 AUGUST 1979 40.2 40. 1 40. 1 SEPTEMBER 1979 MONTHLY AVERAGE 3 MONTHS ENDING SEPTEMBER JUNE 1979 39.8 39.2 __iiza__ 39.6 39.4 40. 1 39.5 40.2 39.8 39.9 39.3 39.2 39.6 39.7 38.7 40.2 39.9 39.7 39.3 39. 1 39.7 39.4 42.0 39.7 42.5 40.6 43.0 39.9 42.5 39.6 41.2 39.5 40.6 39.3 39. 1 39.6 39.7 39.4 39.9 38.8 39. 1 39.8 39.0 38.9 39.3 39. 1 39. 1 38.9 39.6 39.3 37.4 39.7 40.2 39. 1 39.3 39.4 39. 1 39.6 39. 1 39.9 39.7 40.3 39.8 39.8 40.8 39.5 41.0 39.9 40.5 39.1 40.4 39.6 39.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 15 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT - SELECTED INDUSTRIES* SEASONALLY ADJUSTED INDEX: 1972-100 CHEMI CAL, 1972-100 MO 120 80 60 AND RUBBER PRODUCTS 1 u . « . ________ 9 1A l t * ■ j _ L i i 100 “ _ PETROLEUM, 1972-100 140 - 120 100 80 ■■i■■i■■i■■ ...... . ■i■■ ■■i■■i■■i■■ ■ ■ i ■ ■ ......... ■■1111.11.■ »»1*i1* i1»i 60 CONSTRUCTION 140 120 100 80 60 LUMBER AND FURNITURE 140 — 120 — 100 80 ~i-i .Li i 1 i.i 1-J-.I 1 1 1 1 1 1 1 1 1 LJ- I 1 1 ■ . 1 1 1 J-J-L. . . 1 . . 1 . . 1 . . — Li-1— 1— 1— 1— 1— 1 J ■ 1 -L-L.1 L l 1 \ i J II TEXTILE, APPAREL, 16 AND LEATHER 11 L i i L 1 1 1 1 i 60 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT - SELECTED INDUSTRIES* SEASONALLY ADJUSTED UNITED STATES CHEMICAL. PETROLEUM. AND RUBBER PRODUCTS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE TEXTILE. APPAREL. AND LEATHER CMV STATE SUMMARY CHEMICAL. PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE TEXTILE, APPAREL, AND LEATHER ARKANSAS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE PAPER AND PRINTING TEXTILE, APPAREL, AND LEATHER KENTUCKY CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS NONELECTRICAL MACHINERY TEXTILE, APPAREL, AND ‘ LEATHER MISSISSIPPI CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE TEXTILE, APPAREL, AND LEATHER TRANSPORTATION EQUIPMENT MISSOURI 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 COMPOUNDED ANNUAL RATES OF CHANCE __________ INDEX; 1972-100________ 3 MONTHS END INC SEPTEMBER 1979 FROM SAME MONTHS A AUGUST JULY ■SEPTEMBER FROM PREVIOUS 1979 1979 YEAR AGO ___1979 3 MONTHS 114.7 120.6 117.5 97.8 102.7 113.8 120.2 115.4 97.1 102.3 113. 1 120.0 116.6 96.9 102.7 -3.4 4.8 0.3 -5.9 -2.7 1.5 7.7 5. 1 -0.5 0.2 91.8 91.2 90.9 -4.3 -2.0 117.1 119.4 112.2 101.8 95.5 116.0 119.4 110.4 101.7 95.0 114.9 119.3 109.7 102.0 94.5 -5.3 -3.0 -6.6 -0.8 -8.0 -1.0 2.8 -0.4 -0.3 -1.9 90.5 91.3 90.5 -7.2 -2.5 110.5 137.9 113.8 91.9 133.6 110.1 127.6 114.2 90.0 134.2 109.2 129.2 114.8 89.6 135.0 -1.8 -10.8 3.2 -8.0 -0.9 4.6 0.8 0.4 -6.8 4.4 84.7 84.3 83.2 -17.3 -10.0 136.9 124.9 91.2 96.4 140.6 132.5 126.2 88.0 93.9 136.5 132.6 123.5 89.2 96.0 137.7 -12.4 -4. 1 -15.0 1.7 -11.3 -0.5 -2.0 -4.4 0.3 2.3 91.8 90.8 88.8 -10.3 -1.6 131.8 141.7 113.7 103.6 129.2 137.8 116.5 103.9 131.6 138.4 114.6 103.8 -11.6 -13.9 7.7 -3.8 1.5 -0.6 3.4 0.9 94.3 109.9 96.2 107.3 96.4 104.3 -6.4 -2.9 -2.5 -9.2 117.4 114.2 91.5 105.4 118.6 116.2 90.3 104.8 1 18.0 114.9 89.8 105.2 6.3 1.8 -6.4 -2.6 3.1 4.1 -1.9 1.6 85.6 106.7 85.6 100.1 86.5 96.2 -4. 1 -30.5 -3.7 -5.2 115.5 104.9 95.2 114.1 112. 1 111.8 114.9 106. 1 94.4 112.3 109.9 116.4 107.4 93.7 112.2 -0.4 -5.7 2.3 -9.2 -9.3 -0.8 6.1 -1.0 -0.8 0.7 1 19.3 121.2 119.2 -5.8 -0.5 XALL CATEGORIES ARE MANUFACTURING EXCEPT CONSTRUCTION. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 17 EMPLOYMENT INDICATORS MANUFACTURING EMPLOYMENT NONMANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972-100 1972-100 1972-100 KENTUCKY TENNESSEE 150 — — — ISO I 10 90 n lu lu ln 1975 u Lu I l l Li l n l u l u l n 1976 1977 u L iiliiln u L ii l ii ln 1978 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 18 70 EMPLOYMENT INDICATORS M A N U F A C T U R I N G EMPLOYMENT SEASONALLY ADJUSTED INDEX: UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: MO- 1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR 1972-100 SEPTEMBER 1979 COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR AGO JULY 1979 AUGUST 1979 110.2 106.5 98.8 115.8 124.0 109.7 105.7 97.6 113.6 122.7 109.7 104.9 97. 1 113.1 117.7 -1.4 -7.9 -9.2 -7.3 -17.3 2.6 -1.2 -1.9 -1.4 -6.4 109. 1 109.5 107.7 104.6 95. 1 111.5 102.0 95.8 97.4 104.4 102.9 106.3 107.1 105.8 101.5 95.4 110.7 100.5 93.4 97.2 104.5 101.0 110.5 108.1 106. 1 101.3 95.7 110.7 99.6 93.0 96.9 104. 1 100.9 -1.1 4.2 -10.2 -4.5 -6.8 -7.6 -10.0 -13.2 -9.7 -5.6 -4.2 -0.8 1.7 -0.7 -2.0 -0.7 -1.7 -0.9 -2.1 -0.3 -1.5 -1.8 N ON MA N U F A C T U R I N G EMPLOYMENT SEASONALLY ADJUSTED __________ INDEX: UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR 1972-100________ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER FROM SAME MONTHS A y e a r AGO.,. JULY 1979 AUGUST .1.979 SEPTEMBER 1979 125.9 126.4 2.9 3.6 126.9 126.2 127.2 127.5 -0.3 2.0 120.9 133.6 130. 1 120.9 133.2 130.4 120.8 133.6 133.6 1.3 4.3 -6.7 2.2 3. 1 0.2 133.3 128.5 134.4 127.8 130.0 132.9 129.2 132.8 127.8 135.2 128.8 129. 1 135.9 129.0 130.2 3.4 0.6 -1.5 11.7 0.9 3.7 0.0 2.7 0.8 4.6 134.9 132.9 134.4 -4.1 0.8 119.4 114.3 133.5 119.9 114.7 134.5 119.9 113.8 133.7 2.0 2.1 -6.0 1.9 1.9 1.0 124.8 117.5 124.9 117.4 125.6 117.5 -1.6 2.4 1.6 1.5 FROM PREVIOUS ___3 MONTHS PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 19 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972-100 1972-100 1972-100 ISO 120 1 10 100 90 ARKANSAS KENTUCKY 130 120 I 10 100 90 20 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972-100 1972-100 1972-100 130 120 110 100 90 21 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX: UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE: KY-1N MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR 1972-100________ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER 1979 FROM SAME MONTHS A YEAR AGO JULY 1979 AUGUST I97D 121.8 121.8 122.0 2.0 3.4 120.8 121.0 120.5 -2.3 1 .1 114.7 114.4 114.0 1.2 127.9 128.7 127. 1 127.4 127.2 127.8 -1.0 0.9 -9.4 128.4 123.8 127.5 124.0 128.2 123.2 127.2 119.6 118.6 127.4 119.1 118.0 127.3 125.7 127.6 119.3 118.8 126.7 114.8 109.2 123.1 115.8 108.5 123.9 113.6 107.7 123.5 1 17.8 114.6 117.9 114.2 118.5 114. i SEPTEMBER FROM PREVIOUS 1979 3 MONTHS 1.8 -2.4 2.5 0.6 -3.7 6.3 -1.7 1.9 -0. 1 3.1 -5.2 0.1 -1.4 -1.8 -8.0 -2.7 1.8 1.2 0.8 0.7 2.8 0.3 0.7 0.9 STATE SUMMARY—TOTAL PAYROLL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL_______________________________________________________ INITIAL QUARTER_________________________________________________________ 1972*100 QUARTER 1-75 2-75 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78' 1-79 2-79 2-75 103.6 -2.3 104.8 3-75 1.2 4.7 6-75 3.1 5.9 7.0 1-76 4.1 6.4 7.2 7.3 106.6 108.5 109.1 2-76 3.7 5.3 5.5 4.7 2.2 3-76 3.4 4.6 4.6 3.8 2.0 1.8 4-76 3.3 4.3 4.2 3.5 2.2 2.2 2.6 I—77 3.5 4.3 4.3 3.7 2.9 3.1 3.7 109.6 110.3 4.8 111.6 113.7 2-77 4.0 4.8 4.8 4.4 3.8 4.2 5.0 6.3 3-77 4.0 4.7 4.7 4.3 3.8 4.2 4.7 5.5 7.7 5.8 3.9 4-77 4.1 4.7 4.7 >4.5 4.0 4.4 4.9 5.4 5.7 4.6 5.3 1-78 4.0 4.6 4.6 4.3 4.0 4.2 4.6 5.0 5.1 4.2 4.4 114.8 116.3 117.3 3.5 119.2 2-78 4.2 4.8 4.8 4.6 4.3 4.5 4.9 5.3 5.4 4.8 5.1 5.0 6.6 3-78 4.0 4.5 4.5 4.2 3.9 4.1 4.4 4.7 4.7 4.1 4.1 3.7 3.8 1.0 4-78 4.0 6.5 4.5 4.3 4.0 4.2 4.4 4.7 4.6 4.1 4.2 3.9 4.0 2.7 4.4 119.5 ' 120.8 1-79 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 2-79 3.7 4.1 4.0 3.8 3.5 3.7 3.8 3.9 3.8 3.4 3.3 3.0 2.9 1.9 2.2 1.2 -2.3 3-79 3.3 3.7 3.6 3.4 3.1 3.2 3.3 3.4 3.2 2.7 2.6 2.2 2.0 1.1 1.1 0.0 -2.3 -2.3 1-75 2-75 3-75 4-75 3-76 4-76 2-77 3-77 6-77 2^78 3^7B 1-79 2-79 H 6 W 7 W 8 W 8 122.2 121.5 INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 22 120.8 PRODUCTION AND P R I C E INDICATORS PRODUCTION OF SELECTED CROPS 1977 6,425,457 2,279 132,300 5,760 201,400 47,450 99,223 35,396 4,440 629 UNITED STATES Arkansas Mississippi Missouri 1,761,755 105,800 40,920 78,475 148,800 52,170 1,912,114 452,024 136,746 7.1 16.7 10.2 -23.9 22.3 8.4 133,840 48,505 9,138 1,298 139,554 52,955 8,610 1,453 4.3 9.2 -5.8 11.9 1,870,181 115,150 42,300 81,700 157,890 56,870 2,235,869 139,050 51,200 107,250 189,760 67,600 19.6 20.8 21.0 31.3 20.2 18.9 2,024,508 469,658 142,099 1,610,648 375,108 127,933 -20.4 -20.1 -10.0 (1,000 Bales) UPLAND COTTON UNITED STATES Arkansas Mississippi Missouri Tennessee 14,277.0 1,035.0 1,645.0 235.0 255.0 10,762.4 660.0 1,378.0 188.0 235.0 14,432.9 660.0 1,330.0 140.0 180.0 34.1 0.0 -3.5 -25.5 -23.4 (1,000 Bushels) ALL WHEAT 2,036,318 25,740 10,138 3,570 68,640 10,080 1,798,712 11,100 6,825 2,015 28,560 7,700 * November 9 forecast 7,585,535 2,030 132,080 5,750 234,000 47,200 (1,000 Pounds) TOBACCO UNITED STATES Arkansas Kentucky Mississippi Missouri Tennessee 7,081,849 1,740 119,850 7,560 191,400 43,560 (1,000 Bushels) SOYBEANS UNITED STATES Kentucky Tennessee Percent Change 1978 to 1979 (1,000 CWT) RICE UNITED STATES Arkansas Kentucky Mississippi Missouri Tennessee • 1979 Indicated* (1,000 Bushels) CORN FOR GRAIN UNITED STATES Arkansas Kentucky Mississippi Missouri Tennessee 1978 23 2,113,897 14,620 11,310 3,680 72,000 10,030 17.5 31.7 65.7 82.6 152.1 30.3 PRODUCTION AND PRICE INDICATORS ELECTRIC POWER C O N S U M P T I O N SEASONALLY ADJUSTED INDEX: 1971-100 ELECTRI CAL MACHINERY TEXTILE, APPAREL, LATEST DATA PLOTTED: AUGUST AND LEATHER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 24 PRODUCTION AND PRICE INDICATORS ELECTRIC POWER C O N S U M P T I O N SEASONALLY ADJUSTED __________ INDEX; COMPOUNDED ANNUAL RATES OF CHANGE 1971-100________ 3 MONTHS ENDING AUGUST 1979 FROM SAME MONTHS A JUNE 1979 JULY laia. AUGUST 1979 FROM PREVIOUS ___3 MONTHS__ 127.3 127.2 127.2 -0.6 1.9 1 10. 1 120.6 120.3 0.3 -0.4 109.2 119.6 119.2 -1.7 -0.7 DURABLES ELECTRICAL MACHINERY FABRICATED METALS LUMBER AND FURNITURE NONELECTRICAL MACHINERY OTHER DURABLES PRIMARY METALS STONE, CLAY, AND GLASS TRANSPORTATION EQUIPMENT 101.7 102.5 145.3 214.2 141.1 139.7 98.0 102.2 102.8 117.6 99.0 157.0 206.8 138.0 140.6 102.4 103.5 107.3 115.6 102.7 149.6 192.4 142.0 136.3 105.0 97.6 99.3 -15.8 -14.3 2.2 8.0 -14.9 -24.1 -31.5 -4.2 -35.8 -11.4 0.3 8.9 0.2 2.5 1.0 -20.5 -8.0 -8.9 NONDURABLES CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS FOOD, BEVERAGES, AND TOBACCO PAPER AND PRINTING TEXTILE, APPAREL, AND LEATHER 112.7 120.9 120.7 8.9 4. 1 1 10.9 122.0 121.8 12.8 6. 1 124.8 112.8 128.6 1 10.6 127.0 114.0 12.6 -10.6 -1.2 -0.6 86.0 89.0 85.6 -15.4 -1.6 157.3 182.8 191 .5 68.6 15.4 YiAfl AGO- UNITED STATES TOTAL MANUFACTURING AND MINING EIGHTH DISTRICT TOTAL MANUFACTURING AND MINING MANUFACTURING MINING i PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 25 PRO DUCTION AND P R I C E INDICATORS VALUE OF C O N S T R U C T I O N CONTRACTS L E T * NOT SEASONALLY ADJUSTED INDEX: 1974-100 RESIDENTIAL BUILDING NONRESI DENT I AL B U I L D I N G M ISSISSIPP I MISSOURI-EAST TEN N ES SEE- WES T PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 26 PRODUCTION AMD PRICE INDICATORS VALUE OF C O N S T R U C T I O N CONTRACT S L E T * NOT SEASONALLY ADJUSTED INDEX: TOTAL BUILDING UNITEO STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI - EAST ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE - WEST MEMPHIS: TN-AR-MS RESIDENTIAL BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI - EAST ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE - WEST MEMPHIS: TN-AR-MS NONRES1DENT 1AL BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE: KY-IN MISSISSIPPI MISSOURI - EAST ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE - WEST MEMPHIS: TN-AR-MS 1974-100 COMPOUNDED ANNUAL RATES OF CHANGE 3RD OTR 1978 3RD QTR 1977 TO 3RD QTR 1978 2ND QUARTER 1179 3RD OUARTER -J87-g. 204.2 166.1 163.4 182.8 121.6 196.2 198.5 198.1 174.6 121.4 2.5 -3.6 5.9 -17.4 -36. 1 19.5 20.3 16.7 27.1 44.1 184.4 327.8 156.9 313.6 131 .1 163.4 183.0 157.9 327.6 143.3 138.2 156.2 155.0 222. 1 226.4 279.9 177.3 248.8 187.5 507.8 132.6 128.0 -10.0 -1.8 5.5 -74.2 109.7 -18. 1 0.4 2.2 30.5 14.3 27.7 20.1 190.6 11.1 249.3 -21.0 30.3 30.4 -1. 1 39.9 0.3 -4.0 246.3 199.3 203.0 199. 1 136.2 234.8 231.2 203.0 229.2 132.4 2.0 -10.9 -7.4 -15.5 -50.3 15.8 28.1 21.2 24.8 44.6 155.0 260.5 189.8 373.3 176.0 179.6 251.5 226.7 320.9 177.7 180.5 167.5 472.4 221. 1 216.3 190.6 209.4 304.2 222.5 362.5 187.9 181.9 -8.4 163.3 -10.8 -43.5 24.3 -26.2 2.6 -11.1 -31.9 1.7 11.8 26.6 57.5 24.2 10.5 13.0 35.2 38.2 23.9 50.8 15.4 5.8 161.6 128.7 124.0 161.4 92.4 157.3 161.7 193.0 103.2 98.8 3.4 11.1 24.5 -22.3 105.4 25.5 7.4 10.9 33.7 40.2 226.8 355. I 117.9 245.3 84.5 142.9 120.2 94.6 334.6 110.3 102.4 140.2 26.5 223.4 238. 1 372.3 136.4 197.9 155.3 664.0 79.4 82.2 -12.6 -82.2 34.5 -83.5 229.5 4.3 -2.6 27.3 183.9 58.5 73.8 10.6 393.4 -6.3 916.3 -44.4 18.6 21.3 -28.3 18.8 -31.5 -24.3 2£JL QTR 1979 X USED WITH THE PERMISSION OF DODGE CONSTRUCTION POTENTIALS, MCGRAW-HILL INFORMATION SYSTEMS COMPANY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 27 PRODUCTION AND PRICE INDICATORS HOUSING PE RM ITS SEASONALLY ADJUSTED INDEX: 1974-100 1974-100 1974-100 ARKANSAS KENTUCKY M ISSISSIPP I TENNESSEE 28 PRODUCTION AND PRICE INDICATORS HOUSING PERMITS SEASONALLY ADJUSTED __________ INDEX; COMPOUNDED ANNUAL RATES OF CHANGE 1974- 100________ 3 MONTHS END IN6 SEPTEMBER 1979 FROM SAME MONTHS^A YEAR A60 JULY 1979 AUGUST 1979 SEPTEMBER 1979 FROM PREVIOUS 3 MONTHS UNITED STATES 136.3 145.5 141.5 13.5 -7.5 CMV STATE SUMMARY 132.7 130.2 143.5 30.4 -12.2 CMV METROPOLITAN SUMMARY 128.7 114.5 124.6 5.0 -25.2 ARKANSAS LITTLE ROCK-NORTH LITTLE ROCK; AR 203.8 157.9 107.8 29.2 3.7 231.4 81.7 108.4 7.4 0.9 KENTUCKY LOUISVILLE: KY-IN 114.2 70.5 105.3 83.0 220.0 124.1 73.8 -0.9 -0.3 -24.8 92.9 129. 1 235.7 408.9 10. 1 MISSOURI ST. LOUIS: MO-1L 117.6 127.8 143.3 139.3 165.6 134.8 11.4 -20.7 -25.8 -33.0 TENNESSEE MEMPHIS: TN-AR-MS 152.5 150.4 116.7 118.7 99.0 119.9 -15.3 1.2 -15.8 -11.8 MISSISSIPPI STATE SUMMARY-HOUSING PERMITS COMPOUNDED ANNUAL RATES OP CHANGE ISMffiNAL S jS r t e r 1974*100 INITIAL QUARTER 1-75 2-75 3-75 4-75 I—76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 91.7 i-n ]106.5 3-75 74*7 47.7 A—75 47.7 24.9 101.1 102.5 5.7 124.8 1-76 63.1 50.8 2-76 27.8 13.3 52.4 119.8 3.7 3-76 36.6 23.7 20.8 26.3 -4.3 90.7 122.1 4-76 48.8 40.9 39.6 49.7 31.7 118.0 149.1 153.4 103.9 2.8 -52.0 143.8 1-77 37.1 29.3 26.5 31.1 15.2 54.2 38.7 -22.8 2-77 39.1 32.4 30.3 35.0 22.4 54.7 44.2 9.7 56.0 3-77 38.9 32.9 31.2 35.3 24.8 51.0 42.4 18.2 46.2 4-77 31.5 25.7 23.4 25.8 16.2 34.6 25.6 5.8 17.5 1-76 23.3 17.7 15.0 16.1 7.2 20.3 11.4 -5.2 2-78 24.4 19.3 17.0 18.2 10.3 22.4 14.9 1.0 6.6 -3.1 -13.7 -8.0 38.6 3-78 22.2 17.4 15.2 16.1 8.9 19.3 12.5 0.4 4.9 -3.1 -11.2 -6.4 15.8 -3.3 4-78 20.3 15.8 13.6 14.3 7.7 16.8 10.6 -0.1 3.6 -3.2 -5.7 9.0 -3.3 1-79 8.9 4.4 1.8 1.5 -4.8 1.3 2-79 12.6 8.4 6.2 6.3 0.5 6.9 3-79 160.7 173.9 37.1 2.0 -24.1 162.3 -0.2 -14.0 -31.9 -38.9 -9.7 143.5 155.7 154.4 -3.3 153.1 -4.9 -14.6 -13.5 -20.5 -27.4 -28.0 -25.0 -38.9 -51.4 -75.6 1.4 -7.3 -5.4 -11.2 -16.5 -15.2 -9.4 -18.6 -23.1 -31.4 107.6 92.9 126.8 I3«5 9.6 7.6 7.7 2.4 8.5 3.5 -4.4 -2.4 -7.3 -11.7 -9.8 -3.8 -10.5 -12.2 -15.0 58.6 30.4 1-75 2-75 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 4-77 1-78 1-79 2-79 3-77 2-78 3-78 4-78 INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 29 135.5 PRODUCTION AND PRICE INDICATORS PRICES RECEIVED BY FARMERS - UNITED NOT SEASONALLY ADJUSTED INDEX: 1971-100 CORN STATES LI VESTOCK BEEF CATTLE 350 — — 270 190 no I . l n l , xlu. -LJ.11Lilt 111 II 1n 1»»1n ■ 11i ■ 1■ 11■ 1 111n i »1111 30 BROILERS R I CE 350 — — ' 270 190 A . 110 ■u 1ii 1n 111 11111111111 i 1111111111 11111111111 11111111111 SOYBEANS 30 HOGS 350 270 190 1 10 30 TOBACCO 350 — 270 190 110 -llll iJlllll. ■»1H 1» »1H ■ LI1.1l].1i 11L H i 1ill! 1l-L 111111111II. 30 TURKEYS 350 — 270 190 110 iiliiln ln 1975 LATEST DATA PLOTTED: SEPTEMBER i i 1t i 1i i 1i i -llll ill j-Lll -LL.111.1II 1II 1976 1977 1978 .... 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 30 30 PRODUCTION AND PRICE INDICATORS PR I C E S R E C E I V E D BY FARMERS - UNITED STATES NOT SEASONALLY ADJUSTED __________ INDEX: COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER 1979 1971°IOO FROM SAME ALL FARM PRODUCTS ALL CROPS CORN RICE SOYBEANS TOBACCO UPLAND COTTON LIVESTOCK AND LIVESTOCK PRODUCTS BEEF CATTLE BROILERS HOGS MILK TURKEYS JULY 1979 AUGUST 1979 SEPTEMBER 1979 FROM PREVIOUS 3 MONTHS 216.5 223.3 208.2 171.5 250.4 176.2 249.6 210.3 213.0 -6.8 218.6 208.4 22.2 13:3 200.3 188.5 240.5 192.0 242.7 197.2 181.9 233.7 199.6 239.8 36.2 49.6 -3.4 72.4 28.7 25. 1 12.7 13.3 2.8 5.7 212.6 203.3 216.9 -23.8 12.7 226.3 185.3 211.4 197.6 174.8 211.5 167.2 198.0 204.4 176. 1 230.8 170. 1 209.2 209.5 173.8 -28.5 -45.3 -43.0 15.7 -29. 1 29. 1 -16.6 MONTHS A YEAR AGO 12.7 -21.0 14.0 -10.3 PRICES—ALL FARM PROOUCTS COMPOUNDED ANNUAL RATES OF CHANGE TERN INAL_______________________________________________________ INITIAL QUARTER_________________________________________________________ 1 W « 1 0 0 QUARTER 1-75 2-75 3-75 4-75 1-76 2— 76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 2-75 13.4 3-75 20.6 A—75 8.3 5.9 -12.6 1-76 5.2 2.6 161.8 V 28.3 172.2 -8.2 166.5 -3.6 165.0 2-76 6.9 5.3 -1.4 4.7 13.7 3—76 4.5 2.8 -2.8 0.7 2.9 4-76 ‘ -0.1 170.4 -6.9 167.4 -6.9 -15.8 -23.8 -2.2 -7.4 -6.1 1-77 2.8 1.3 -2.6 -0.4 0.4 -3.7 -2.1 25.7 2-77 3.2 2.0 -1.3 0.7 1.6 -1.2 0.7 15.8 156.4 165.6 6.7 168.3 3-77 -0.1 -1.5 -4.7 -3.5 -3.5 —6.6 -6.5 0.1 -10.7 -25.2 4-77 0.5 -0.7 -3.5 -2.2 -2.1 -4.5 -9.0 1.7 1-78 3.0 2.1 -0.2 . 1.3 1.9 0.3 1.5 7.6 2-78 6.0 5.4 6.3 5.4 7.3 13.6 3.5 5.3 156.5 -5.2 -10.6 6.8 3.4 2.4 19.8 34.4 11.3 12.5 28.9 41.6 49.1 159.1 171.3 189.3 3-78 5.5 4.9 3.2 4.6 5.6 *•8 6.3 11.5 9.3 9.9 21.0 26.1 22.1 0.0 4-78 5.8 5.2 3.6 5.1 5.9 5.2 6.6 11.2 9.3 9.7 18.5 21.6 17.6 4.4 8.9 1-79 7.9 7.6 6.2 7.8 8.8 8.4 10.1 14.6 13.3 14.3 22.7 26.1 24.2 16.8 26.3 46.3 189.3 193.4 212.7 2-79 8.0 7.6 7.9 8.8 6.4 9.9 14.0 12.8 13.6 20.6 23.0 20.9 14.7 20.0 26.0 8.5 3-79 7.1 * 6.7 5.5 6.6 7.6 7.2 8.4 11.9 10.7 11.1 16.7 18.2 15.7 10.0 12.7 13.9 0.6 1-75 2-75 3-75 4-75 1-76 -2— 76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 217.1 -6.8 213.3 2-79 - INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS PROD UC TION AND P R I C f . INDICATORS Farm L a n d V a l u e s 1967=100 1967=100 Compounded Annual Rates of Change Index 1967 - 100 ------------------------------------- March 1975 February 1976 "1978 — m r February 1977 February 1978 February 1979 to 1979 to 1979 United States 213 242 283 308 351 14.0 13.4 CMV State Summary 209 244 305 341 389 14.1 16.0 191 209 200 203 204 214 236 213 260 244 239 205 241 251 238 353 321 281 217 284 275 261 390 361 317 249 325 307 316 441 415 374 279 364 338 21.1 13.1 15.0 18.0 12.0 12.0 10.1 lli2 20.6 20.8 15.5 8.9 12.0 10.4 Arkansas Illinois Indiana Kentucky Mississippi Missouri Tennessee 32 PRODUCTION AND P R I C E INDICATORS Consumer Price Index-All Items* Data are quarterly from March 1973 through March 1978; thereafter, data are bi-monthly. UNITED STATES ST. LOUIS Percent Change September 1979 Index 1967 = 100 Index 1967 = 100 From Previous Year From Two Months Ago (Annual Rate) From Previous Year September 1979 222.2 237.8 229.7 15.6 -2.2 31.3 13.3 10.8 15.7 223.4 237.1 234.6 13.0 .5 17.4 12.1 10.0 13.1 165.9 217.3 221.3 194.1 48.6 2.8 1.1 6.4 7.8 17.5 9.0 1.8 169.8 221.4 243.7 191.1 21.8 14.1 9.9 6.5 4.9 17.3 9.5 7.2 September 1979 1 Items Food Housing Apparel and Upkeep Transportation Medical Care Entertainment Percent Change September 1979 33 From Two Months Ago (Annual Rate) FINANCIAL INDICATORS M E T R O P O L I T A N MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1 9 7 4 - 1 0 0 1974-100 TOTAL LOANS EVANSVILLE: IN-KY 210 170 130 90 50 L I T T L E ROCK - NORTH L I T T L E ROCK: AR LOUISVILLE: KY-IN 210 — ^ — 170 130 90 1 1 i 1 B 1 1 1 1 1 ■ 1 L t J 1-1 1 1 11 1 MEMPHIS: 111»11111 M 1 1 1 1 l l I I 1 11 1 1 1 »» 1 M i I I 50 T N - AR - MS 210 170 130 90 50 210 170 130 90 50 LATEST DATA PLOTTED: SEPTEMBER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 34 FINANCIAL INDICATORS M E T R O P O L I T A N MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: TOTAL LOANS UNITED STATES w METROPOLITAN SUMMARY* COLUMBIA: MO EVANSVILLE: IN-KY FAYETTEVILLESPRINGDALE: AR FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR LOUISVILLE: KY-IN MEMPHIS: TN-AR-MS PINE BLUFF: AR ST. LOUIS: MO-1L SPRINGFIELD: MO TEXARKANA: AR 1.0T A L D E P O S I T S UNITED STATES METROPOLITAN SUMMARY* COLUMBIA: MO EVANSVILLE: IN-KY FAYETTEVILLESPRINGDALE: AR FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR LOUISVILLE: KY-IN MEMPHIS: TN-AR-MS PINE BLUFF: AR ST. LOUIS: MO-1L SPRINGFIELD: MO TEXARKANA: AR 1974- 100 COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER iil$ FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR AGO N.A. N.A. 28. 1 16. 1 2.9 15.4 25.4 12.0 JULY 1979 AUGUST I979_ SEPTEMBER 1979 N. A. 155.2 186.9 186.2 N. A. 157.5 185.8 191.3 N.A. 161.5 180.9 194.6 231.0 179.2 226.2 180.9 232.3 187.6 19.9 25.6 10.2 12.0 186.5 173.5 107.3 170.2 154.4 134.3 190.5 188.4 178.2 112.0 165.8 156.2 133.4 186.2 188. 1 181.7 113.9 172.8 162.4 136.7 188.9 42.2 42.6 17.1 16. 1 25.5 14.2 12.6 12.3 18.7 13. 1 12.9 18.5 -1.1 14.7 N .A . 137.9 176. 1 169,4 N.A. 139.2 183. 1 173. 1 N.A. 141.7 192.0 176.2 N.A. 14.7 35.4 16.0 N.A. 5.4 14.0 6.7 188.6 167.5 188.6 168.9 193.2 172.7 15.7 11.1 9.6 4.8 152.4 160.8 114.5 160.7 126.6 124.8 169.6 150.5 163.3 116.4 159.6 128. 1 122.0 169.5 152.5 164.8 116.3 160.8 131.6 125.0 175. 1 8.6 9.9 15.1 17.1 17.2 5.0 17.6 0.4 7.3 3.4 9.8 5.4 -3.4 8.6 AVERAGE NUMBER OF MEMBER BANKS STATE SUMMARY <EIGHTH DISTRICT ) w METROPOLITAN SUMMARY* NONMETROPOLITAN SUMMARY ARKANSAS FAYETTEV1LLESPRINGDALE: AR FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR TEXARKANA: AR NONMETROPOLITAN AREAS KENTUCKY LOUISVILLE: KY-IN NONMETROPOLITAN AREAS ILLINOIS NONMETROPOLITAN AREAS 1ND 1ANA EVANSVILLE: IN-KY NONMETROPOLITAN AREAS MISSISSIPPI NONMETROPOLITAN AREAS MISSOURI COLUMBIA: MO ST. LOUIS: MO-1L SPRINGFIELD: MO NONMETROPOLITAN AREAS TENNESSEE MEMPHIS: TN-AR-MS NONMETROPOLITAN AREAS JULY 1979 399.00 120.00 277.00 74.00 SEPTEMBER 1979 SEPTEMBER 1978 397.40 120.00 275.40 74.00 396.00 120.00 274.00 74.00 411.25 123.25 286.00 76.00 6.00 3.00 * 6.00 3.00 7.00 4.00 3.00 49.00 40.00 9.00 30.00 126.00 7.00 4.00 3.00 51.00 41.00 8.00 31.00 130.00 104.00 40.00 13.00 27.00 17.00 16.00 93.25 4.00 63.25 4.00 48.00 14.00 8.00 9.00 6.00 3.00 . 6.00 3.00 7.00 4.00 3.00 49.00 41.00 9.00 31.00 127.00 101.00 39.00 12.00 26.00 17.00 16.00 87.00 4.00 60.00 4.00 45.00 14.00 8.00 9.00 7.00 4.00 3.00 49.00 40.80 9.00 30.80 126.60 100.60 38.00 12.00 25.00 17.00 16.00 87.00 4.00 60.00 4.00 45.00 14.00 8.00 9.00 X EXCLUDES BANKS IN TWO METROPOLITAN AREAS AUGUST 1979 100.00 38.00 12.00 25.00 17.00 16.00 87.00 4.00 60.00 4.00 45.00 14.00 8.00 9.00 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 35 FINANCIAL INDICATORS N O N M E T R O P O L I T A N MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1 9 7 4 - 1 0 0 NONMETROPOLITAN ARKANSAS _ i_ L l T NONMETROPOLITAN KENTUCKY — 210 170 130 90 -Llllllllll 1 n l n L i i l n j i Li i l uJii llllllllll! I-l I i i Ij 11 1.1 50 NONMETROPOLITAN M I S S I S S I P P I NONMETROPOLITAN MISSOURI NONMETROPOLITAN TENNESSEE 210 — — 170 130 90 1 1 1 I I 111111 1975 11111111111 1976 11111111 1977 (11 11111111111 1978 11l 11111111 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 36 50 FINANCIAL INDICATORS N O N M E T R O P O L I T A N MEMBER BANK DATA SEASONALLY ADJUSTED INDEX; 1974-100________ TOTAL LOANS NONMETROPOLITAN SUMMARY ARKANSAS ILLINOIS INDIANA KENTUCKY MISSISSIPPI MISSOURI TENNESSEE TOTAL DEPOSITS NONMETROPOLITAN SUMMARY ARKANSAS ILLINOIS INDIANA KENTUCKY MISSISSIPPI MISSOURI TENNESSEE COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER 1979 SEPTEMBER [ FROM PREVIOUS ___1979 _____3 MONTHS__ FROM SAME MONTHS A YEAR AGO JULY 1979 AUGUST 1979 175.9 176.6 177.7 11.4 8.3 157.9 202.1 178.0 193.9 168.9 161.9 160.0 159.4 202.6 174.4 192.5 170.6 163.4 163.6 160.9 204.3 175.6 189.2 174.3 165.5 163.7 17.2 9.4 -2.5 7.6 12.3 13.2 21.4 5. 1 9. 1 8.7 10.7 14.9 5.5 8.8 151.8 151.8 153.0 7.4 4.5 141.8 157.9 149.8 172.8 161.8 141.5 145.4 143.0 157.9 143.3 172.6 164.2 141.3 148. 1 143.8 159.3 145.0 170.7 167.0 143.3 148. 1 14.0 6.6 -7.3 7.8 14.0 8.9 8.3 4.2 3.3 3.6 9. 1 10.4 -0. 1 6.4 MEMBER BANK DATA BY S T A T E SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER 1979 INDEX: 1974-100 TOTAL LOANS STATE SUMMARY (EIGHTH DISTRICT ) ARKANSAS ILLINOIS INDIANA KENTUCKY MISSISSIPPI MISSOURI TENNESSEE TOTAL DEPOSITS STATE SUMMARY (EIGHTH DISTRICT) ARKANSAS ILLINOIS INDIANA KENTUCKY MISSISSIPPI MISSOURI TENNESSEE FROM SAME MONTHS A YEAR AGO JULY 1979 AUGUST 1979 SEPTEMBER 1979 FROM PREVIOUS 3 MONTHS__ 160.7 162.6 165.8 22.0 13.4 175. 1 180. 1 176. 1 179. 1 169.4 156.0 112.8 175.9 179.7 177.9 182.6 171.5 158.5 117.6 177.7 180.5 180.0 184.8 175. 1 165.0 119.1 25.4 5.5 13. 1 33.8 12.0 26.8 16.2 9.4 9.5 10.6 16.3 14. 1 16.7 12.5 142.5 143.6 145.5 11.9 5.0 152.2 143.8 154.6 165.4 163.1 131 . 1 118.6 152.1 143.9 153.6 167.3 165.4 132.4 120.2 154. 1 144.9 156. 1 168. 1 168.6 136.9 120. 1 13.0 5.2 4.5 9.6 13.3 17.?. 15.0 4.2 4.3 5.6 7.5 9.3 4.1 4.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 37 FINANCIAL INDICATORS S A V I N G S AND LOAN A S S O C I A T I O N DATA SEASONALLY ADJUSTED INDEX: 1 9 7 4 - 1 0 0 M ISSISSIPP I TENNESSEE 260 — — 220 180 I 40 ■*"! 1 1 1 1 1 1 I I I 111 1l 1111l l 1975 1976 1111 111 11 11 1977 111 1111111 1 1978 111 1111 1111 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 38 100 FINANCIAL S A V I N G S AND LOAN A S S O C I A T I O N INDICATORS DATA SEASONALLY ADJUSTED __________ INDEX; AUGUST JULY 1979 1979 TOTAL SAVINGS UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LOUISVILLE: KY-1N MISSISSIPPI 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: KY-1N MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR-MS COMPOUNDED ANNUAL RATES OF CHANGE 1974-100________ 3 MONTHS ENDING SEPTEMBER 1979 SEPTEMBER 1979 FROM PREVIOUS 3 MONTHS FROM SAME MONTHS A YEAR AGO 193.7 194.5 184.4 213. 1 195.6 195.2 195.9 185.9 214.8 196.9 196.5 197.4 187.0 217.9 203.2 6.6 8.8 7.0 9.4 10.5 10.6 10.0 9. 1 14.5 12.9 199.1 189.7 189.2 170.6 235.0 185.3 185.9 167.2 196.4 186.4 202.0 192.3 189.4 171.1 235.9 186.5 187.5 167.6 198.6 187.8 203.6 191.3 190.6 171.2 238.0 187.9 188.9 168.5 199.6 187.6 6.0 17. 1 5.2 1.9 0.7 11.7 8. 1 1.2 9.6 4.8 14. 1 17.2 7.8 4.1 8.5 9.8 9.6 6.7 10.0 7.5 190,3 193.7 180.2 206.8 210.6 191.7 194.6 181.3 206.9 211.9 193.0 195.7 182.6 207.5 213.4 10.2 6.4 6.9 5.2 13.5 11.6 9.6 9.3 9.3 15.6 184.9 165.9 189.3 169.6 216.9 186.5 181 .2 183.8 199.2 177.1 184.3 164.9 190.3 171.5 216.5 187.9 182.8 185.3 199.4 176.5 184.6 164.2 191.7 172.6 218. 1 189.1 184.3 186.4 199.6 176.3 1.5 -0.7 7.5 7.3 -3.2 9.9 8.8 7.5 2.7 -1 .6 7.1 -0.2 8.0 6.2 7.6 10.4 10.5 11.8 10.0 7.0 NUMBER OF SAV1NGS AND LOAN ASSOCIATIONS UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LOUISVILLE: KY- 1N MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR-MS JULY 1979 AUGUST SEPTEMBER SEPTEMBER 4,040 439 93 75 4 4,042 440 92 75 4 4,043 442 91 75 4 4,053 449 92 75 4 7 3 100 12 60 113 56 5 91 6 7 3 104 12 60 112 55 5 89 6 7 3 101 12 60 113 54 5 93 6 7 3 105 12 60 112 55 5 97 6 1979 1979 1978 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 39 POPULATION Bureau of the Census 1970 1977* Compounded Annual Rates of Change 1970 1960 to to 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 FayettevilleSpringdale: 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 ClarksvilleHopkinsville: KY-TN Evansville: 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 .4 1.3 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 _ m2
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