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TRAL MISSISSIPPI VALLEY NOMIC INDICATORS 4TH QUARTER 1980 Prepared by Federal Reserve Bank of St. Louis R e lease d: M a r c h 4 , 1981 D A TA DESCRIPTION Selected economic data for the Central Mississippi Valley (C M V ) 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 C M V . 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 o f Commerce. In April 1977, numerous revisions were incorporated into the department store series, including boundary redefinitions for SMSAs. A ll agricultural data are from the U.S. Department o f Agriculture. Employment Indicators Employment data are from the respective state Employment Security Offices and the United States Department o f 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, non manufacturing, 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 o f 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 o f 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 C E N T R A L MISSISSIPPI VALLEY ECONOMIC ACTIVITY In 1980 overall economic activity in the Central Mississippi Valley (CMV) declined from its 1979 level according to income, sales, employment and construction indicators. After a substantial decline in the first half of the year, however, indicators show that economic activity began rising in the second half o f 1980. In the first three quarters of 1980, personal income in five CMV states averaged 9.1 percent above the same period in 1979. Real purchasing power, however, was eroded by a rapid 13.8 percent increase in the consumer price index. Personal income began to increase somewhat more rapidly than the increase in the consumer price index after the second quarter, rising at a 12 percent annual rate from the second to third quarters of the year. During 1980 department store sales in six leading CMV cities also rose sluggishly when compared with price changes. Sales in the first 11 months of the year averaged only 5.2 percent above 1979. In comparison, sales in the nation rose 6.3 percent during the period. Judging from manufacturing employment, industrial output in the region declined. While manufacturing employment in the five CMV states rose in the fourth quarter fa* the first time since early 1979, fourth quarter manufacturing employment stood 5 percent below the year earlier. This decline was somewhat greater than the 3.6 percent decrease in the nation as a whole. Kentucky, Mississippi and Missouri registered greater losses than in the United States, whereas the declines in Arkansas and Tennessee were close to the national average. While most leading industries in the region registered employment declines in 1980, those with the sharpest percentage losses were transportation equipment (-15.2), electrical equipment (-9.4), lumber and furniture (-8.0), and nonelectrical equipment (-7.9). Non manufacturing employment also declined in the CMV states during 1980. Such employment was about 1 percent below a year ago in the CMV states and 1.6 percent above a year ago in the nation. A weaker construction sector in the region accounts for much of the difference. Fa* example, fourth-quarter construction employment was 14.5 percent below a year ago in the CMV states while only 2.1 percent less for the nation as a whole. For the year, such employment was 9.2 percent below a year earlier in the region compared with little change in the nation. As indicated in the table below, total value of construction contracts made in 1980 declined more severely in the region than the nation. Looking at individual categories, total building contracts, which include both residential and nonresidential buildings, declined relatively less than the nation; however, nonbuilding contracts declined much more severely in the region than in the nation. Nonbuilding contracts include street, highway, and bridge projects and sewerage, waste disposal, water supply, electrical power, gas and communication systems. SELECTED CONSTRUCTION INDICATORS Percent change from 1979 to 1980 CM V States -33.3 % -4.2 -15.8 +13.5 -67.3 -13.1 -9.2 Total value o f construction contracts Building Residential Nonresidential Nonbuilding Housing permits Construction employment 3 United States -12.6 % -7.4 -15.2 -4.3 -27.6 -22.5 -0.1 INCOME AND TRADE INDICATO RS PERSONAL INCOME SE A S O N A LL Y AD JU S TE D INDEX: 1 9 7 1 - 1 0 0 1971-100 1971-100 320 270 220 170 120 ARKANSAS KENTUCKY MISSISSIPPI MISSOURI TENNESSEE 320 320 270 — ______ ___ _ — 220 220 170 1— * 120 r - T - r r 1974 J ___L-. .1— ___ 1___ 1___ 1___ ___ 1___ 1___ l_ 1975 1976 1977 LATEST DATA PLOTTED: 3RD QUARTER ___ 1___ 1___ 1___ ___ 1___ 1___ 1___ _ l ___ 1___ L _J 120 1978 1979 1980 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 4 170 INCOME AND TRADE INDICATORS PERSONAL INCOME SE AS O NA LL Y A D JU S TE D COMPOUNDED ANNUAL RATES OF CHANGE _____ INDEX: 1971-100_____ 2ND QUARTER I960 X 3RD QUARTER 1980 UNITED STATES 245.2 252.7 12.9 10.2 CMV STATE SU M M A R Y 251.2 258.6 12.4 8.7 ARKANSAS 271 .2 284.0 20.3 9.7 KENTUCKY 255.7 262.1 10.4 7.4 M I S S I SSIPPI 257.8 267.3 15.6 10.4 MISSOURI 231.6 238. 1 11.6 7.5 TENNESSEE 262.5 268.7 9.8 10.0 2ND OTR 1980 TO 3RQ QTR 1980 3RD OTR 1979 TO 3RD QTR 1980 STATE SUMMARY--PERSONAL INCOME COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL INITIAL QUARTER QUARTER _______ 1-76 2-76 3-76 _______ ____ ______ 4-76 2-77 ___________________ 3-77 4-77 1-78 2-78 3-78 1971=100 4-78 1-79 2-79 3-79 6.8 3-76 7.6 8.0 1-80 2-80 12.2 167u 6 6 9.0 10.1 1-77 10.3 11.6 13.2 14.1 2-77 10.5 11.4 12.6 12.8 172.5 1781.3 11.5 183.2 3-77 10.8 11.6 12.5 12.6 11.8 12.1 4— 77 11.2 11.9 12.7 12.8 12.4 12.8 13.6 1-78 10.7 11.3 11*9 11.8 11.2 11*1 10.7 2-78 11.5 12.1 12.7 12.8 12.6 12.8 13.1 12.8 18.1 3-78 11.7 12.2 12.8 12.8 12.6 12.9 13.1 12.9 15.5 13.0 6-78 12.0 12.5 13.0 13.1 12.9 13.2 13.4 13.4 15.3 13.9 14.8 1-79 12.2 12.7 13.2 13.3 13.2 13.4 13.7 13.7 15.2 14.2 14.9 14.9 2-79 11.7 12.1 12.5 12.5 12.4 12.5 12.5 12.4 13.3 12.1 11.9 10.4 6.1 186.5 194 .6 198.3 7.8 2 0 6 .7 ” 213.1 220.6 228.4 231.8 3-79 11.7 12.0 12.6 12.4 12.2 12.3 12.3 12.2 12.9 11.9 11.6 10.6 8.5 10.9 6-79 11.8 12.1 12.6 12.5 12.3 12.4 12.4 12.3 13.0 12.1 12.0 11.2 ~ 10.0 12.1 13.2 1-80 11.7 12.0 12.3 12.3 12.2 12.3 12.3 12.1 12.7 11.9 11.8 11.2 10.2 11.7 12.0 2-80 10.9 11.2 11.4 11.3 11.1 11.1 11.0 10.8 11.1 10.2 9.9 9.0 7.9 8.4 11.2 11.2 11.1 10.9 11.2 10.5 10.2 9.5 8.6 9.1 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 3-80 4-79 164.4 2-76 W 1— 77 11.0 11*2 11.5 11.4 1-76 2-76 3-76 4- 76 237.9 245*^4 10.8 251.8 4.8 -0.9 8.7 7.2 5.5 12.3 3-79 4-79 1-80 2-80 25L*2~ IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 258 mb INCOME AND TRADE INDICATO RS DEPARTMENT STORE SALES SE A S O N A LL Y A D JU S TE D INDEX: 1 9 7 1 - 1 0 0 - u.s. SUSA'S 270 1971-100 350 1 1 1 1 1 1 1 1 ________________ L I 971-100 350 1 I ________ . 270 R 190 ~ 190 m 110 30 110 ■ 11111111 ■ i 1974 i 1 1 1 i 1 1 1 1.-LJ- 1975 ...................... ... ■ ■i 1 1 1 1 1 1 1 1 11 1976 1977 1 1 1 1 1 1 . 1 . 1 1 11 ■ ■ i ■ ■ i ■ ■ i ■ ■ « » 1» » 1» » 1» i 1978 1979 1980 30 LI TTLE ROCK - NORTH L ITT LE ROCK: AR 350 270 190 110 30 350 270 190 110 30 350 350 270 270 190 190 X 110 I ■ ■I ■ ■I 30 I ■ ■ I ■ ■I ■ I ■■I ■> I ■■ 110 ■ I ■■ I ■■I ■■ ■i l i . l n l 0-1 I ■ ■ I ■ ■ I 1— L I ■I I ■■I 30 SPRINGFIELD: MO 350 350 i 1,l 270 190 110 — 270 ^ Ml ------ _ 190 110 i .. i .. i .. . . 1. . 1. . 1. . . . 1111. . I . > .. 1.. 1.. 1.. . . 1. . 1. . 1. . 1 1 1 1 1 1 1 11 1 1 1■ 1■ 1 11 1111 30 1977 1978 1979 1974 1975 1976 1980 LATEST DATA PLOTTED: NOVEMBER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 6 3G INCOME AND TRADE IND ICATO RS DEPARTMENT STORE SALES SE A S O N A LL Y A D JU S TE D __________INDEX; 1971-100_______ COMPOUNDED ANNUAL RATES OF CHAN6E 3 MONTHS END INS NOVEMBER 1980 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR AGO. SEPTEMBER 1980 OCTOBER 1980 NOVEMBER 1980 _ UN I T E D STAT E S 219.7 229.5 234.7 15.6 5.0 CMV M E T R O P O L I T A N S U M M A R Y 195.4 206.8 207.6 8.7 2.5 332.4 348.5 350.6 0.7 6.9 315.2 177.6 182.0 187.6 214.8 340.6 189.8 193.1 197.4 230.3 328.2 178.8 195.7 202.5 226.9 9. 1 9.5 3.9 8.8 17.2 5. 1 -1.7 3.8 2.8 3.6 FORT SMITH: AR-OK LIT T L E R O C K - N O R T H LI T T L E ROCK: AR L O UISVILLE: K Y - 1N MEMPHIS: T N - A R - M S ST. LOUIS: MO-IL, S P R I N G F I E L D : MO *DATA NOT COMPARABLE, SEE INCOME AND TRADE INDICATORS, PAGE 2 ____ U » S . DEPARTMENT STORE SALES COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL I N I T I A L QUARTER 1—76 2 -7 6 2 -7 6 3 -7 6 6 —76 1 -7 7 2 -7 7 3 -7 7 6 -7 7 1 -7 8 2 -7 8 1971>10G 3 —78 6 -7 8 1 -7 9 2 -7 9 3 -7 9 6 -7 9 1 -8 0 2 -8 0 2 *6 1 62 .9 3—76 6 .9 1 1 .6 6 -7 6 1 0 .7 1 6 .9 1 8 .6 1 -7 7 9 .5 1 1 .9 1 2 .2 6 .1 2 -7 7 1 2 .9 1 5 .7 1 7 .1 1 6 .6 2 7 .7 3 -7 7 1 6 .6 1 7 .2 1 8 .7 1 8 .7 2 5 .5 2 3 .3 1 66 .8 1 5 3 .2 1 5 5 .5 1 6 5 .3 176 .2 6 -7 7 1 5 .1 1 7 .3 1 8 .5 1 8 .5 2 2 .9 2 0 .6 1 7 .8 1 -78 1 3 .8 1 5 .5 1 6 .2 1 5 .7 1 8 .2 1 5 .2 1 1 .3 5 .2 2 -7 8 1 6 .0 1 5 .6 1 6 .2 1 5 .8 1 7 .8 1 5 .6 1 2 .9 1 0 .5 1 6 .1 181/.5 1 8 3 .8 190 .8 3 -7 8 1 3 .3 1 6 .6 1 5 .0 1 6 .6 1 5 .9 1 3 .7 1 1 .6 9 .3 1 1 .6 6 .9 6 -7 8 1 2 .6 1 3 .6 1 3 .9 1 3 .3 1 6 .6 1 2 .3 1 0 .2 8 .6 9 .5 6 .3 5 .7 1 -7 9 1 2 .0 1 2 .9 1 3 .0 1 2 .6 1 3 .2 1 1 .3 9 .6 7 .8 8 .6 6 .0 5 .5 2 -7 9 1 1 .7 1 2 .5 1 2 .7 1 2 .1 1 2 .7 1 1 .0 9 .6 8 .0 8 .6 6 .8 6 .7 7 .2 9 .1 3 -7 9 1 2 .1 1 2 .9 1 3 .0 1 2 .5 1 3 .2 1 1 .7 1 0 .3 9 .3 9 .9 8 .8 9 .2 1 0 .6 1 3 .6 1 7 .1 6 -7 9 1 2 .1 1 2 .8 1 2 .9 1 2 .5 1 3 .1 1 1 .7 1 0 .5 9 .6 1 0 .2 9 .3 9 .8 1 0 .8 1 2 .7 1 6 .5 1 2 .0 1 -8 0 1 1 .2 1 1 .8 1 1 .9 1 1 .6 1 1 .8 1 0 .5 9 .3 8 .6 8 .8 7 .7 7 .9 8 .3 9 .1 9 .1 5 .3 -1 .1 2 -8 0 1 0 .2 1 0 .7 1 0 .6 1 0 .1 1 0 .6 9 .1 7 .8 6 .9 7 .1 6 .0 5 .9 5 .9 6 .0 5 .3 1 .6 -3 .3 -5 .6 3 -8 0 1 0 .6 1 0 .9 1 0 .9 1 0 .6 1 0 .7 9 .5 8 .6 7 .5 7 .8 6 .9 6 .9 7 .1 7 .6 7 .0 6 .6 2 .3 6 .0 1 6 .3 H 2 -7 6 3 -7 6 6 -7 6 1 -7 7 2 -7 7 3 -7 7 6 -7 7 1 -7 8 2 -7 8 3 -7 8 6 -7 8 1 -7 9 2 -7 9 3 -7 9 6 -7 9 ._1—80 2 -8 0 „ i IN IT IA L 1 9 6 .0 1 9 6 .7 5 .6 1 9 9 .3 2 0 3 .7 2 1 1 .9 2 1 8 .0 2 1 7 .6 2 1 6 .6 QUARTER PREPARED BY FEOERAL RESERVE BANK OF ST. LOUIS 7 221/.7 INCOME AND TRADE INDICATO RS FARM CASH R E C E I P T S S E AS O NA LL Y A D JU S TE D INDEX: 1 9 7 1 - 1 0 0 1971-100 1971-100 ARKANSAS 450 350 250 150 50 KENTUCKY 450 350 250 150 50 MISSISSIPPI TENNESSEE 8 INCOME AND TRADE INDICATO RS 1r ARM CASH R E C E I P T S S E AS O NA LL Y A D JU S TE D COMPOUNDED' ANNUAL RATES OF CHANGE > MONTHS ENDING NOVEMBER 1980 FROM SAME MONTHS A FROM PREVIOUS 3 MONTHS YEAR AGO __________INDEX: 1971-100____ SEPTEMBER 1980 OCTOBER 1980 NOVEMBER 1980 UNITED STATES 261 .5 259.6 254,.7 -25. 1 0,.9 CMV S TATE S U MMARY 247.4 239.9 225,,2 -48.9 -4.,9 ARKANSAS 261 .7 236.2 249,,0 -56.8 -9.,5 KENTUCKY 237. 1 228.2 183.,5 -50.2 -10. 6 M ISSISSIPPI 184.6 182.5 218.,2 -50.2 -9,,4 MISSOURI 273.4 302.6 240,,1 -17.0 2..7 TENNESSEE 241.2 257.7 239,,0 -29.0 -2. 5 STATE SUMMARY-FARM CASH RECEIPTS COMPOUNDED ANNUAL KATES OF CHANCE ^ TERMlNAL QUARTER 1-76 ______2=76 ______3=76 2—76 3-76 7 8 .Q 6 -7 6 _ 1-77 2-77 3-77 6 -7 7 __ 1-78__ 2-78 --------- ---- . 1971*IOC _ IN IT IA L QUARTER 3-7 8 4-7 8 1-79 2-79 3-79 4-7 9 1—80 2-80 .. .. 193.7 — 6 .8 -3 8 .3 171.7 6-7*>____ 11*8 - 11*4__ 27.1 1B2.3 1=2? 177.9 _ fa * l_ = 1 0 * 2 ____ 2 *4 ___- 9 . 3 17V .2 3,0 2=77 5 .4 3 -7 7 7 . fa__ —2.7____ 9*0____ 3*6__ 1Q.7__ 19.1 = 1 .5 5 . 9 ___- 3 * 4 _ 167.2 196.5 4-7 7 2-76 13.3 7 .0 15.>8 14.0 19.3 23.6 2 5 .4 27.5 32.6 221.9 3-78 11.3 5.6 12,.9 11.0 16.9 17.4 17.0 15.6 12.1 -5 .1 6-76 11.4 6.5 IT..1 11.5 16.8 16.9 16.5 15.3 12.9 6 .2 1 4 .4 1-79 16.6 11.2 17,,9 16.9 20.7 23.5 26.2 26.8 25.3 23 .0 40 .0 71.2 .219*0 .... 226*5 259.1 2-79 1 1 -7 7 .6 13,,0 11.6 16.3 1 5.8 15.3 16.3 12.7 8 .2 13.0 12 .4 -2 6 .3 3-79 in .9 7 .0 1?,.0 10.7 12.9 14.1 13.5 1 2 .6 10.7 6 .8 10.0 8 .6 -1 3 .5 1.5 6-79 10.8 7.1 11.,7 10.5 12.5 13.5 12.9 11.9 10.4 7.1 9 .7 8 .6 5 .0 1-80 10.7 7 .3 11..fa 10.5 12.3 13.2 1 2.7 11.7 10.4 7 .6 9 .9 9 .0 3-60 11.9 6.8 1-76 2-76 1?. 11.9 13.6 3-76 4 -7 6 1—77 -6 .7 240*1__ 241*Q._ 266 J ) 8 .6 -2 .7 6.8 9 .5 =7*7 -2 * 4 “3 *7 - 9 * 3 -2 5 *5 ' . . . . ____ 252.2 10*5 16.0 13.6 12.5 10.5 12.6 12.3 4 .7 12.3 15.2 17.5 2 1 .2 97.1 2-77 3-77 ' >V — £------ 4 -7 7 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4 -7 9 1-80 2-80 16.6 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 777,-6 EMPLOYMENT IND ICATO RS TOTAL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1971-100 1971-100 1971-100 ARKANSAS KENTUCKY MISSISSIPPI MISSOURI TENNESSEE 10 EMPLOYMENT INDICATO RS TOTAL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1971-100 COMPOUNDED ANNUAL RATES OF CHAN6E 3 MONTHS ENDING DECEMBER 1 FROM SAME MONTHS A FROM PREVIOUS ___3 MONTHS TEAR ASP OCTOBER >980 NOVEMBER ■ 1980 . DECEMBER 1980 122.9 120.4 113.9 128.0 126.8 123.1 120.7 114.3 127.8 127.7 123.0 120.1 114.1 127.5 129.1 1.0 3.4 -0.3 2.9 11.7 -0.2 -0.6 -2.1 -0.2 -1.5 136.3 123.8 125.2 120.8 117.0 127.2 113.1 107.8 131.3 118.8 109.9 135.9 127.2 126.0 121.5 116.9 127.9 113.2 108.1 132.2 118.8 109.3 135.9 126.6 126.2 121.4 116.7 127.5 112.6 107.8 132.2 118.1 108.5 2.4 2.3 11.9 3.0 7.5 3.5 -5.1 -5.4 -5.0 7.8 1. 1 0.3 -0.6 1.8 -3.6 1.8 1.4 -3.6 -4.3 -3.7 -0. 1 -0.2 U N IT E D STATES CMV S T 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 PIN E BLUFF: AR KENTUCKY EVANSVILLE: IN -K Y LOUISVILLE: K Y -IN M IS S IS S IP P I MISSOURI ST . LO UI S: M O - 1L SP RI NG FI EL D: MO TE NN E S S E E MEMPHIS: TN-AR STATE SUMMARY-TOTAL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANCE TERMINAL QUARTER I N I T I A L QUARTER 1 -7 6 2 -7 6 3 -7 6 2 -7 6 2.2 3 -7 6 1 .1 0 .0 4 -7 6 1 .6 1 .3 2 .5 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 97 1*100 4 -7 8 1—79 2 -7 9 3 -7 9 4 -7 9 1 -8 0 2 -6 0 3 -8 0 i l i a 1 11 .2 1 1 1 .9 1 -7 7 2 *9 3 a 4 .7 7 .0 113^ 2 -7 7 3 *7 4 .1 5 .6 7 .1 7 .2 1 15 .8 > 7 7 3 *5 3 .7 4 .7 5 .4 4 .6 2 .1 4 -7 7 3 .0 3 .2 3 .8 4 .1 3 .2 1 .2 116a 0 .3 ii6 * a 1 1 6 .6 1 -7 8 2 .7 2 .7 3 .2 3 .3 2 .5 0 .9 0 .3 0 .3 2 -7 8 2 .6 2 .7 3 .0 3 .1 2 .4 1 .2 0 .9 1 .2 2 .1 3 -7 8 2 .6 2 a 2 .9 3 .0 2 .3 1 .4 1 .2 1 .5 2 .1 2 .1 2.1 2.6 2.6 3 .1 3 .1 2 .6 1 .8 1 .8 2 .1 2 .8 3 .1 4 .1 3 .1 3 .2 2 .7 2 .1 2 .1 2 .4 2 .9 3 .2 3 .8 3 .4 2 -7 9 2.1 2.8 2.6 2 .9 2 .9 2 .5 1 .9 1 .9 2 .1 2 .5 2 .6 2.1 2 .0 0 .7 3 -7 9 2 .4 2 .4 2 .7 2 .7 2 .2 1 .7 1 .7 1 .9 2 .1 2 .1 2 .1 1 .5 0 .5 4-.T9 2 .4 2 .5 2 .7 2 .7 2 .3 1 .8 1 .8 2 .0 2 .2 2 .2 2 .2 1 .8 1 .2 2 .4 ‘ 2 .5 2 .6 2 .6 2 .3 1 .9 2 .2 2.2 2 .3 4—78 1 -7 9 1 -8 0 2- 80 1 .9 3- 80 U7 4- 80 U8 1 -7 6 1 1 7 .2 1 1 7 .8 119 .0 12Ck.O 1 2 0 .2 0 *3 12 0 a 121.1 1 .8 2 .0 1 .9 1 .5 1.5 1.8 2 .0 1 .9 1 .6 1 .1 1 .0 1 .1 1 .2 1 .1 0 .9 0 .4 -0 .2 -0 .4 -0 .7 > 2 .3 U7 U8 U7 M 0 ^9 <U9 (U 9 UO 0^8 6 .7 <U2 -0 .3 -o T 5 -0 .7 - 1 .9 ~ -3 .9 1 .8 . M 1 .8 1 .5 U1 UO M U2 M UO (U 6 <U2 oTl 2 -7 7 3 -7 7 1 .9 2 -7 6 3 -7 6 4 -7 6 1 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 1 -7 9 2 -7 9 2 .7 2 .5 ..... ..’... o7l -0 .6 3 -7 9 12 1 a 2 .3 4 -7 9 -6 .7 1 1 9 .7 -1 .0 " -1 .5 U2 U 4 1- 8 0 2 -8 0 3 -8 Q __________________________________________________________________________ I N I T I A L QUARTER______________________________________________________________________ PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS 1 1 9 .4 1 2 0 .4 EMPLOYMENT IND ICATO RS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT PERCENT 12 9 6 3 0 KENTUCKY 12 9 6 3 0 MISSISSIPPI 12 9 6 3 0 MISSOURI 12 9 6 3 0 TENNESSEE 12 9 6 3 0 12 EMPLOYMENT INDICATO RS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT MONTHLY AVERAGE 3 MONTHS ENDING U N I T E D ST A TE S CMV S T 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 PIN E BLUFF: AR KENTUCKY EVANSVILLE: IN - K Y LOUISVILLE: K Y -IN M IS S IS S IP P I MISSOURI ST. LO UIS: M O - 1L SP RI NG FI EL D: MO TE NN E SS E E MEMPHIS: TN-AR OCTOBER NOVEMBER DECEMBER DECEMBER SEPTEMBER 1980 1980 1980 1980 1980 7.6 8.0 7.9 8.3 9.8 7.5 7.7 7.7 7.6 8.8 7.4 7.5 7.4 7.3 7.7 7.5 7. 7 7. 7 7.7 8.8 7.5 8.0 7.9 8.9 1 1.7 6.4 7.7 8.9 6.8 7.8 7.2 7.9 9.0 6.1 7. 7 6. 1 5.8 7. 1 8.7 6.7 8.3 7.5 7. 7 8.7 6.2 7. 4 6. 1 5. 1 7.7 8.2 6.6 8.4 7.4 7.3 8.3 6.1 7.3 6.3 5.8 7.5 8.6 6.7 8.2 7.4 7.6 8.6 6.2 7.5 6.2 6.5 7.0 8.5 7.4 8. 1 7. 4 7.6 8.6 6.4 7.9 6.0 C IV IL IA N LABOR FORCE SEASONALLY ADJUSTED _______ THOUSANDS OF PERSONS_____ UN ITED STATES CMV S T A TE 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 PIN E BLUFF: AR KENTUCKY EVANSVILLE: IN - K Y LOUISVILLE: K Y -IN M IS S IS S IP P I MISSOURI ST. LO UIS: M O - 1L SP RI NG FI ELD : MO TE NN ES SE E MEMPHIS: TN-AR OCTOBER NOVEMBER DECEMBER 1980 1980 1980 COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING DECEMBER 1 FROM SAME MONTHS A FROM PREVIOUS 3 MONTHS YEAR AGO 1 0 5 ,1 6 6 .9 7,992.8 2,467.7 98 7 .4 83.9 1 0 5 ,2 8 5 .0 7,988.8 2,470.0 9 7 8 .0 83.5 1 0 5 ,0 6 6 .9 7,930.3 2,456.5 972. 1 83.4 0.3 2. 1 -1.0 -2.2 -1.9 1.4 1.9 0.4 1.6 0.4 191.9 38 .8 1,641.8 141.2 43 2. 5 1,019.7 2,302.9 1,084.8 102.2 2,042.3 39 2 .0 190.1 39.6 1,648.7 141.7 434 .5 1,027.9 2,302.4 1,083.8 103.0 2,035.9 390 .4 188.7 39 .7 1,643.8 141.5 4 3 3 .9 1,024.2 2,280.2 1,0 76. 1 102.9 2,020.7 388.1 -0.6 5.2 12.6 -0.3 8. 1 3.3 -5. 1 -5.3 -6.0 5. 7 1.9 2.0 1.8 5. 1 -2.0 5.0 3. 2 -0.6 -1.4 -1.3 1.6 0.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 13 EMPLOYMENT IND ICATO RS AVERAGE HOURLY EARNINGS MANUFACTURING AVERAGE WEEKLY HOURS WORKED MANUFACTURING SEASONALLY ADJUSTED SEASONALLY ADJUSTED HOURS PER WEEK ARKANSAS 8 MISSISSIPPI 1 6 48 44 4 J 40 - 2 36 0 l l l l l l l l l l l l l l l l l l l l l l - l l l l l l l l l l l l - l . l l l l j l l . i l 1 1 1 1 1 1 n 1 1 7 g 0 8 48 6 44 4 40 2 36 0 0 48 — i i l i i l i i l i i 1976 1977 36 - l l l u l l l l l l 1978 l l l l l l l l l l l 1979 n l i i l n l i f : 1980 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 14 44 40 f 1 1 1 , : TENNESSEE 0 EMPLOYMENT IND ICATO RS AVERAGE HOURLY EARNINGS - MANUFACTURING S E AS O NA LL Y AD JU S T E D _________ DOLLARS PER HOUR_______ U N I T E D ST A T E S CMV S T 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 P I N E BLUFF: AR KENTUCKY LOUISVILLE: KY-IN M IS S IS S IP P I M ISSOURI ST. LOUI S: M O - 1L S P R IN G FI EL D : MO TE NN E SS E E MEMPHIS: TN-AR COMPOUNDED ANNUAL RATES OF CHAN6E 3 MONTHS ENDING DECEMBER 1900 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR A60 OCTOBER 1980 NOVEMBER 1980 DECEMBER 1980 7,49 6.63 8.02 5.92 6.14 7.59 6.73 8.06 5.99 6. 16 7.70 6.70 8.05 5.98 6.09 14.5 9.2 7.4 12.6 16.0 10.6 9.5 10. 1 10.9 8.4 6.64 7.68 7.64 8.78 5.60 7.36 8.38 6.94 6.25 7. 11 6.63 7.94 7.69 8.76 5.67 7.51 8.46 6.93 6.32 7. 11 6.65 7.96 7.58 8.71 5.74 7.51 8.51 6.97 6.34 7. 19 0.0 9.0 9.2 12.3 10.8 9.5 8.4 19.0 9.7 1.5 10.4 11.0 10.5 12.4 11.0 7.9 8.9 12.7 9.7 11.8 AVERAGE WEEKLY HOURS WORKED - MANUFACTUR1NG SE A S O N A LL Y A D JU S TE D MONTHLY AVERAGE 3 MONTHS ENDING HOURS PER WEEK U N I T E D ST AT E S CMV S T 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 P IN E BLUFF: AR KENTUCKY LOUISVILLE: K Y -IN M IS S IS S IP P I MISSOURI ST. LOUI S: M O - 1L SP RIN GF IEL D: MO TE NN E SS E E MEMPHIS: TN-AR OCTOBER 1980 NOVEMBER 1980 DECEMBER 1980 DECEMBER 1980 SEPTEMBER 1980 39.7 39.3 39.6 39.4 37.5 39.9 39.6 40.0 39.8 37.8 40.2 39.9 39.8 40.0 38.2 39.9 39.6 39.8 39.7 37.8 39.3 39.0 39.2 38.6 37.4 39.2 42.7 39.5 41.0 39.2 38.8 38.8 40.5 39.5 40.0 40.6 42.8 40. 1 41.8 39.3 39.2 39.4 38.9 39.9 39.5 40.9 42.7 40.2 41.5 39.7 39. 1 39.2 39.3 40.6 39.3 40.2 42.7 39.9 41.4 39.4 39.0 39.2 39.6 40.0 39.6 40.0 41.6 38.6 37.5 39.0 39.0 39.5 39.4 39. 1 40.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 15 EMPLOYMENT INDICATO RS PAYROLL EMPLOYMENT - SELECTED IN D U S T R IE S * SEASONALLY ADJUSTED INDEX: 1972-100 CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS 1972-100 140 120 - W 1972-100 140 1 t u z ^ — 120 . ; 100 100 80 60 80 ~ . 11111111» ■ ■ 1. . 1■ ■ 1■ ■ 1 1 1 1 1 1 1 1 1 11 ■ . 1 ■ . 1■ ■ 1■ ■ 1 1 1-L 1.11.1 1-L-l- ■ ............... I ■ ■ 11 1 1 1 1 1 1i 11 60 CONSTRUCTION 140 mm 120 __________ ___ 100 120 80 ■ ■ I ■ ■ I ■ ■ i ■ ■ 11 1. 11 1 -L .L .L i 1 11 11 1 ELECTRICAL EQUIPMENT , ■ ■ 1 ■ ■ 1 ■ ■ 1 ■ ■ ■ x -i.L j-j-L j-iii.1 II 1 1 1 L ■ .......................... ■ .. 1111. ■l .7 — ----- — —— __“ 100 i 1 i- 60 140 1 1.1 — too 80 60 120 80 .. i .. i .. i .. .. i .. i .. i .. .. i .. i .. i .. .. i .. i .. i .. .. i .. i .. i .. .. 1.. 1.. 1.7 FOOD AND KINDRED PRODUCTS 140 120 60 140 " 100 80 60 120 100 80 60 140 140 120 100 * --------_____ 80 — 1 1 1 1 1 1 1 1 1 11 ■ ■ i ■ ■ i ■ ■ i ■ ■ »»1»« 1»«1«« 1 1 1 1 1 1 1 1 1 .1 1 1 1 1 1 1 1 1 1 1 1 1 -1 1 1 i 1 1 1 1 1 1 1 LUMBER AND FURNITURE 16 1J 1 1 1 1 1 1 11 1 60 PAYROLL EMPLOYMENT - SELECTED EMPLOYMENT INDICATORS IN D U S T R IE S * SEASONALLY ADJUSTED __________INDEX: 1972-100_______ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING DECEMBER 1900 FROM SAME U N I T E D STAT E S CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURNITURE TEXTILE. APPAREL, AND LEATHER OCTOBER 1980 NOVEMBER 1980 DECEMBER 1980 _ FROM PREVIOUS 9 MONTHS MONTHS A YEAR AGO 109.7 114.3 116.2 96.3 94.6 110.3 114.9 117.1 96.3 95.2 111.1 115.7 117.9 95.8 95.7 7.6 10.0 7.9 -0.8 12.2 -3. 1 -2.1 -1.4 -2.6 -8.3 89.6 89.7 90. 1 3.6 -1.5 118.7 106.1 103.4 104.4 88.3 119.9 105.1 104.2 104.6 89.1 120. 1 106.7 103. 1 104.7 90.6 8. 1 3.5 13.8 3.5 21.8 -1.8 -14.5 -9.4 -1.6 -8.0 69.7 90.0 69.7 2.3 -1.0 101.9 134.1 121.3 82.6 133.3 100.5 134.9 122.2 82.8 132.1 101.5 113.9 125.2 84.3 133.6 -7.5 18.5 2.3 6.5 2.8 -12.7 -8.6 -0.8 -5. 1 1.7 83.4 81.5 79.7 -12.2 -5.0 133. 1 106.0 60.5 96.7 117.8 134.8 104.0 81.9 96.5 125.7 136.0 107. 1 82.5 94.6 129.6 9.8 12.6 19.8 5.6 17.4 -4.3 -15.5 -14.5 -0. 1 -6.2 64.9 67.2 89.2 0.0 -5.2 121.5 124.2 118.3 93.2 121.6 126.4 118.7 93.5 124.0 125.7 118.7 93.7 15.8 8.7 7.4 1 1.9 -9.6 -9. 1 -1.0 -9. 1 96.3 86.3 97. 1 87.2 96.4 89.4 6.9 18.8 -1.2 -14.2 103.3 110.5 89.9 104.5 103.3 110.5 90.9 105.7 103. 1 110.9 91.5 105.9 2.0 0.4 6.9 8.8 -19.6 -5.5 -2.5 -2.0 85.8 77.5 85.4 83.9 84.3 84.0 -5.0 4.0 -2.0 -13.7 114.2 104. 1 108.3 86.0 123.4 115.6 102. 1 109.3 87.5 121.1 114.6 104.5 108. 1 90.3 123.7 6.5 -1.5 -4.7 49.4 2.7 -2.7 -11.9 -2.5 -9.5 2.9 118.3 1 18.9 119.4 9.2 1.8 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 EOUIPMENT FOOO 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 X ALL CATEGORIES ARE MANUFACTURING EXCEPT CONSTRUCTION. PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS 17 EMPLOYMENT IND ICATO RS MANUFACTURING EMPLOYMENT NONMANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1 9 7 2 -1 0 0 1972-100 150 1 - u.s. 1972-100 150 -------- 1i-------- U.S. _STATES _ STATES — 130 HO I 10 90 90 70 iilnlulii ■BI i ■1B»1i B 1978 1979 1976 1980 1977 1978 b b I b b I b b I bb iiinlulii 1979 1980 MISSOURI 150 130 ■iiliilnlii nlnlnli 1 -iilnlulii .lull.In M i l l ! 1977 1976 — iso 130 — 110 110 90 70 90 bbI bbI bb I bb l l l u l l l l l l n l n l n l n . . l u l l L L k i. I l l l l l l l l l l 70 TENNESSEE 150 — — — 130 — ISO 130 110 110 90 70 70 90 I l l l l l l l l l l I l l l l l l l l l l I l l l l l l l l l l I. I . l l . l III 1976 1977 1978 1979 Illllllllll Illllllllll Illllllllll Illllllllll Illllllllll 1976 1980 LATEST DATA PLOTTED: DECEMBER 1977 1978 1979 1980 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 18 70 EMPLOYMENT IND ICATO RS M A N U F A C T U R I N G EMPLOYMENT SEASONALLY ADJUSTED __________INDEX s 1972-100_______ U N I T E D ST AT E S 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: IN -K Y LOUISVILLE: K Y -IN M IS S IS S IP P I MISSOURI ST. LOUI S: M O - 1L SP RI NG FI EL D: MO TE NN ES SE E MEMPHIS: TN-AR COMPOUNDED ANNUAL RATES OF CHAN6E 3 MONTHS END INO DECEMBER 1980 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR AGO OCTOBER NOVEMBER DECEMBER I960 1980 1980 105.5 102.0 92.2 112.3 113.7 106.0 103.1 92 .4 112.4 115.7 106.0 103.6 93.0 114.1 118.0 7. 5 8.2 5. 4 1 1.0 40. 3 -3.6 -5.0 -5.6 -3.6 -7.5 106.6 105.4 99.7 97.3 88.4 104.6 95.6 88.5 93.6 103.7 96 .2 105.9 105.5 101.2 99. 1 88.8 105.4 97 .2 88.8 98. 1 105. 1 95 .4 107.0 106.5 101.1 98.5 88.3 105.5 97.7 89.6 96.7 105.8 95.8 10.0 1 1.8 10. 1 4. 2 11.1 8.0 4. 2 0.5 19.6 10.6 3. 4 -6.0 0.6 -7.4 -4.7 -6. 1 -6.5 -5.5 -6.2 -4.4 -3.3 -2.9 NO NM AN UFACTURING EMPLOYMENT SEASONALLY ADJUSTED __________INDEX: 1972“ 100_______ U N I T E D ST A TE S CMV S T A TE 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: IN -K Y LOUISVILLE: K Y -IN M IS S IS S IP P I MISSOURI ST. LOUI S: M O - 1L SP RI NG FI EL D: MO TE NN ES SE E MEMPHIS: TN-AR COMPOUNDED ANNUAL RATES OF CHAN6E 3 MONTHS ENDIN6 DECEMBER 1900 FROM SAME FROM PREVIOUS MONTHS A YEAR AGO 3 MONTHS OCTOBER 1980 NOVEMBER 1980 DECEMBER 1980 .129.5 129.0 121.3 137.3 140.3 129.5 129.0 121.5 137.5 140.8 129.9 129.2 121.6 137.8 141.3 2.8 3.2 1.3 3.3 8.4 1.6 -1 .1 -1.4 0.7 2.1 137.3 131.8 129. 1 130. 1 125.2 137.2 122.7 114.6 137. 1 130.2 119.7 137.9 132.7 129.8 130.9 125.0 137.7 122.8 114.7 137. 1 129.7 120.4 138.7 133. 1 130.0 131.2 125. 1 138. 1 122.8 114.4 138.0 129.2 120.4 3.9 -4. 1 6.7 1.5 0.3 7.9 1.6 0.7 3.3 1.6 2.4 0.8 -3.3 -2.4 -4.0 -1.5 -0.6 -0.8 -2.0 -2.0 -1.5 -0.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 19 EMPLOYMENT IND ICATO RS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1 9 7 2 -1 0 0 1972-100 1972-100 KENTUCKY MISSISSIPPI MISSOURI 135 125 115 105 95 TENNESSEE 20 EMPLOYMENT IND ICATO RS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1 9 7 2 -1 0 0 1972-100 1972-100 135 125 115 105 95 135 125 115 105 95 21 EMPLOYMENT IND ICATO RS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX; 1972-100_______ UN ITED STATES CMV S T 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 BLUFF: AR KENTUCKY EVANSVILLE: IN - K Y LOUISVILLE: K Y -IN M IS S IS S IP P I MISSOURI ST. LO UI S: M O - 1L S P R IN G F IE L D : MO TENNESSEE MEMPHIS: TN-AR COMPOUNDED ANNUAL RATES OF CHANGE 9 MONTHS ENDING DECEMBER 1980 FROM SAME MONTHS A YEAR A6P OCTOBER ... 1980 NOVEMBER 1980 DECEMBER 1980 FROM PREVIOUS ___3 MONTHS 123.1 120.9 113.2 129.4 129.8 123.5 121.3 113.5 129.6 131.8 123.7 121.6 113.4 130.3 133.0 3.6 4.4 2.5 5.7 17. 1 0.4 -2. 1 -2.4 -0.5 -1.2 131 .0 125.9 121.2 118.7 113.2 126.7 115.6 107.0 125.0 121.3 114.9 131.4 126.3 121.9 119.2 113.1 127.4 116.2 107.3 126.4 121.4 115.4 132.4 126.9 122.3 119.4 113* 1 127.8 116.2 106.9 126.7 121.2 115.5 5.0 -0.9 7.6 1.7 2. 2 7.9 1.7 0.8 7.0 3.7 2.8 -0.4 -2.5 -3.6 -4.3 -2.8 -2.2 -1.9 -2.9 -2.6 -2.1 -0.9 STATE SUMMARY—TOTAL PAYROLL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUA RTE R ____ ___ _ 1 -7 * 2 -7 6 _ 3 -7 * 2 -7 6 1 .9 3 -7 6 1 .9 1 .8 4—76 2 *2 2 *4 3 .0 1 -7 7 2 .9 3 .2 3 .9 I N I T I A L QUART01 ___________ ____________________ __________________________ 4 -7 * 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 * 2 -7 8 3 -7 8 1972*100 4 -7 8 1 -7 9 2 -7 9 3 -7 9 4 -7 9 1 -8 0 2 -8 0 3 -8 0 1 0 8 .9 1 0 9 .4 1 1 0 .2 4 .8 111 .5 2 -7 7 3 .7 4 .1 4 .9 5 .9 7 .0 3 -7 7 3 .8 4 .2 4 .8 5 .4 5 .6 4 .3 4—77 4 .0 4 .4 4 .9 5 .4 5 .5 4 .8 5 .3 1 1 3 .4 1 1 4 .6 1 1 6 .1 1 -7 8 4 .0 4 .3 4 .8 5.% 5 .2 4 .6 4 .8 4 .2 2 -7 8 4 .6 4 .9 5 .4 5 .8 6 .0 5 .7 6 .2 6 .7 9 .2 3 -7 8 4 .5 4 .8 5 .1 5 .4 5 .5 5 .3 5 .5 5 .6 6 .2 3 .4 4 -7 8 4 .4 4 .6 5 .0 5 *2 5 .3 5 .0 5 .1 5 .1 5 .4 3 .5 3 .7 1 -7 9 4 .3 4 .5 4 .8 5 .0 5 .0 4 .8 4 .8 4 .7 4 .9 3 .3 3 .5 3 .3 1 1 1 .3 1 1 9 .9 1 2 0 .9 1 2 2 .0 1 2 3 .0 2 -7 9 4 .0 4 .2 4 .4 4 .6 4 .5 4 .2 4 .2 4 .0 4 .0 2 .8 2 .5 2 .0 0 .7 3 -7 9 3 .7 3 .9 4 .0 4 .1 4 .1 3 .8 3 .7 3 .5 3 .3 2 .2 1 .9 1 .3 0 .3 0 .0 4 -7 9 3 .6 3 .8 3 .9 4 .0 3 .9 3 .6 3 .5 3 .3 3 .2 2 .2 2 .0 1 .6 1 .0 1 .1 2 .3 1 -8 0 3 .6 3 .7 3 .8 3 .9 3 .8 3 .5 3 .5 3 .3 3 .1 2 .3 2 .1 1 .8 1 .5 1 .7 2 *6 2 .9 2 -8 0 2 .7 2 .8 2 .8 2 .8 2 .7 2 .3 2 .1 1 .8 1 .6 0 .7 0 .3 -0 .3 -1 .0 -1 .4 -1 .8 -3 .8 -1 0 *2 3 -8 0 2 .3 2 .3 2 .3 2 .3 2 .1 1 .8 1 .5 1 .2 0 .9 0 *0 -0 .4 -0 *9 —1 *6 -2 .1 -2 .6 -4 .2 —7 . 5 -4 .8 4 -8 0 2 .4 2 .4 2 .5 2 .4 2 .3 1 .9 1 .8 1 .5 1 .2 0 .5 0 .1 -0 .3 -0 .8 -1 .0 —1 .2 -2 .1 -3 .7 -0 .3 4 .4 1 -7 * 2 -7 * 3 -7 * 4 -7 * 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 9 2 -7 9 3 -7 9 4 -7 9 1 -8 0 2 -8 0 3 -8 0 1 2 3 .2 1 2 3 .2 1 2 3 .9 1 2 4 .8 1 2 1 .5 120*0 1 2 1 .3 __________________________________________________________________________ I N I T I A L QUARTER______________________________________________________________________ PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 22 PRODUCTION AND P R IC E INDICATO RS PROSPECTIVE 1981 CROP PLANTINGS IN SOUTHERN STATES!/ 1980 1979 1981 Indicated Percent Change 1980 to 1981 (1,000 Acres) ALL CORN 10,830 60 1,650 170 810 10,657 60 1,680 160 805 -1.6 0.0 1.8 -5.9 -0.6 11,374 280 108 75 105 10,887 331 102 75 107 10,450 335 107 80 112 -4.0 1.2 4.9 6.7 4.7 2,855 1,030 210 3,307 1,300 250 3,395 1,340 250 2.7 3.1 0.0 27,520 5,200 1,720 4,200 2,700 27,125 4,800 1,650 4,000 2,650 27,425 4,800 1,700 3,900 2,700 1.1 0.0 3.0 -2.5 1.9 13,729 610 1,090 250 14,239 700 1,175 290 14,059 650 1,200 310 -1.3 -7.1 2.1 6.9 STATES SURVEYED Arkansas Kentucky Mississippi Tennessee 10,479 50 1,440 190 750 BARLEY, OATS, AND SORGHUM y STATES SURVEYED Arkansas Kentucky Mississippi Tennessee RICE STATES SURVEYED Arkansas Mississippi SOYBEANS STATES SURVEYED Arkansas Kentucky Mississippi Tennessee UPLAND COTTON STATES SURVEYED Arkansas Mississippi Tennessee 1/Survey conducted around January 1, 1981 in 16 southern states 7/Includes acres planted in preceding fall for barley and oats 23 PRODUCTION AND P R IC E INDICATO RS ELECTRIC POWER C O N SU M PT IO N SEASONALLY ADJUSTED INDEX: 1971-100 CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS FOOD, BEVERAGES, AND TOBACCO TRANSPORTATION EQUIPMENT 24 PRODUCTION AND P R IC E IND ICATO RS ELECTRIC POWER C O N SU M PT IO N SEASONALLY ADJUSTED INDEX: 1971- 100 COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS END IING DECEMBER 1 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR ABO OCTOBER 1980 NOVEMBER 1990 DECEMBER 1980 117.6 120.2 123.0 8.0 -4.2 104.6 113.1 118.5 2. 9 -4.0 103.4 111.8 117.0 2.2 -4. 1 DURABLES ELECTRICAL MACHINERY FABRICATED METALS LUMBER AND FURNITURE NONELECTRICAL MACHINERY OTHER DURABLES PRIMARY METALS STONE, CLAY, AND GLASS TRANSPORTATION EQUIPMENT 99. 2 97. 2 151.6 113.5 130.7 151.8 81 .3 98 .6 92 .6 99 .3 97. 4 130.8 124.4 135.3 133.7 77.1 104.0 87 .4 107.0 103.6 159.3 117.2 145.2 275 .6 81 .5 91.2 94. 4 20.3 21 .9 16.6 11.2 -5.9 201.4 28.8 28.8 - 5 .1 -10.9 -5. 1 1.5 -39.4 20.9 33. 0 -20.8 -0.4 -7.4 NONDURABLES CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS FOOD, BEVERAGES, AND TOBACCO PAPER AND PR INTI NG T E X T I L E , APPAREL, AND LEATHER 105.5 117.3 120. 1 -4.8 -1.6 100.7 114.2 117.7 -5.6 -4.6 121.0 126.4 131.7 124.2 147.0 125.3 8.5 3. 3 8. 1 9. 1 94. 1 88 .4 94 .0 2.2 5. 9 189.3 187.3 190.0 51. 0 0.8 U N I T E D STAT E S TOTAL MANUFACTURING AND MINING EIGHTH DISTRICT TOTAL MANUFACTURING AND MINING MANUFACTURING MINING PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 25 PRODUCTION AND PRICE INDICATORS vs VALUE OF C O N S T R U C T I O N CONTRACTS L E T * NOT SEASONALLY ADJUSTED INDEX: 1974-100 RESI DENTI AL B UI LDI NG LATEST DATA PLOTTED: 4TH OUARTER _U 4TH QUARTER OATAt 643.3 II 4TH QUARTER OATA: 389.3 NONRESI DENT IAL BUI LDI NG ARKANSAS 330 250 170 90 10 MISSISSIPPI JJ TENNESSEE-WEST 330 250 170 90 10 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 26 PRODUCTION AND P R IC E INDICATO RS VALUE OF C O N S T R U C T I O N CONTRACTS L E T * NOT SEASONALLY ADJUSTED INDEX: 1974-100_____ TOTAL BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: 1N-KY LOUISVILLE: K Y -IN M ISSISSIPPI MISSOURI - EAST ST. LOUIS : M O - 1L SP RI NG FI ELD : MO TENNESSEE - WEST MEMPHIS: TN-AR-MS RE SIDE NT IAL BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: 1N-KY L O U I S V IL L E : K Y - I N MISSISSIPPI MISSOURI - EAST ST. LOUIS: MO- 1L SPRI NGF IEL D: MO TENNESSEE - WEST MEMPHIS: TN-AR-MS NONRES1DENT 1AL BUILDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: 1N-KY L O U I S V IL L E : K Y - I N M IS SISSIPP I MISSOURI - EAST ST. LOUIS : M O - 1L SPRING FIE L D: MO TENNESSEE - WEST MEMPHIS: TN-AR-MS COMPOUNDED ANNUAL ______ RATES OF CHANGE______ 3RD QUARTER 1980 4TH QUARTER 1980 5 2 2 2 3 191 . 1 237. 0 181 . 1 168. 2 112. 3 17. 0 42. 9 9. 8 5. 9 5..5 -0 .,5 -7 . 0 18.,5 -10. 0 -3 5. 0 141 . 2 70. 6 183. 8 301 . 0 171 . 4 189. 3 170. 0 158. 1 243. 4 198. 2 207. 4 144. 5 171 . 5 189. 1 257. 2 113. 8 393. 3 306. 1 280. 6 127. 5 147. 7 1 18. 9 -30. 3 51 . 1 28. 2 48. 0 0..7 182. 5 41 . 1 52. 1 -21 . 8 -15. 6 -3 3 . 7 57. 0 94. 7 -2 9 . 6 - 14 . 0 - 29 . 0 -30 . 8 34. 2 32.,2 -2 2. 2 63. 9 71 . 3 208.,7 208. 0 166. 8 213. 2 130. 7 210. 190. 143. 184. 130. 2 5 2 9 7 14. 6 16. 7 3..6 20., 1 29., 4 -9. ,3 -24 . 9 -1 8. 0 - 34 . 2 -5 4. 1 169. 206. 204. 166. 160. 227. 182. 146. 194. 216. 207. 138. 187. 189. 249. 95. 197. 215. 153. 163. 158. 152. 8 2 6 6 8 1 3 6 3 0 9 28. 6 8..0 21 . 9 75..4 -2 7 . 8 35.,2 -3 . ,6 0 .7 - 10 . 8 15..0 10. 9 -31 . 1 3 .6 -29 . 0 -50. 6 -10..2 -41 . 9 7 .3 -7 .0 -40,. 4 -10,.8 -3 .0 158..0 155..2 185..3 134. 9 1 12.,7 171 . 8 289..5 218..5 146.. 4 76 .7 20.. 1 71 ,. 7 14..3 -11 . , 4 -32 . .4 14 .0 25 .7 73 .8 62 .9 95 .4 101 . 3 15 .5 159..2 455..2 183.. 1 140..8 158..4 169..3 295..6 180..8 207 .6 152..7 165..2 188..6 265..9 132..5 643..3 389..3 397..2 88 .8 138..0 90 .2 -56 . .4 85 .2 36 .6 26 .7 43 . 1 392..6 84 .4 85 .6 -37..3 -34,.6 -57,.9 260 .9 528 .2 -30..4 103. 4 -45. 8 -5 . 4 77 .4 82 .7 J4 .9 244,.8 *93..3 183. 183. 176. 179. 125. 0 4 7 4 2 4 7 0 8 1 2 4TH OTR 1979 4TH QTR 1980 4TH QTR 1978 TO 4TH QTR 1979 K 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 H O U S IN G P E R M I T S SEASONALLY ADJUSTED INDEX: 1974-100 1974-100 1974-100 ARKANSAS MISSISSIPPI MISSOURI 28 PRODUCTION AND P R IC E IND ICATO RS HOUSING PER M ITS SEASONALLY ADJUSTED __________INDEX: 1974-IOO_______ UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS LITTLE ROCK-NORTH LITTLE HOCKt AR KENTUCKY LOUISVILLE: KY-IN M IS S IS S IP P I MISSOURI ST. LOUIS: M O - 1L TENNESSEE MEMPHIS: TN-AR-MS COMPOUNDED ANNUAL RATES OF CHAN6E 3 MONTHS EN0IN6 DECEMBER 1980 FROM SAME FROM PREVIOUS MONTHS A YEAR AGO 3 MONTHS OCTOBER NOVEMBER DECEMBER 1980 1980 I960 123.3 105.8 111.9 -24. 1 -3.0 116.5 112.4 112.2 -29.8 5,4 98.9 86.3 96.7 -32.7 -13 .1 149,2 96.7 112.5 -73.8 20.0 1IB.3 48.9 75.3 -92.7 -17.4 92.3 59.8 • 1.5 79.8 96.5 42.6 -20.8 -72.8 -25.0 -44.1 142.9 835,0 143.4 99.2 95.3 102.1 137.8 11$.3 90.9 89.9 92.6 -20. 1 114.5 -2.5 -11.6 108,4 87.4 124.1 94.5 161.1 183.2 -52.5 -30.0 -2.9 15.7 ______________________ _____________________________________________________ STATE SUMMARY—HOUSING PERMITS_____________________________________________________________________________ COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL I N I T I A L QUARTER UtUHTFR 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1—77 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 I VTA* 100 3 -7 8 4 -7 8 1 -7 9 2 -7 9 3 -7 9 4 -7 9 1 -8 0 2 -8 0 3 -8 0 -9 3 .7 J -7 0 -9 *2 # -7 0 2 9 *3 1 -7 7 1 5 *6 10# .0 8 2 .0 1 20 .6 1 1 6 .7 1 5 8 .0 5 6 .9 4 5 .7 1 53 .1 -1 7 .8 145 .8 2 -7 7 2 1 .7 5 5 .0 4 6 *9 1 0 .9 4 9 .4 3 -7 7 2 2*6 6 8 .9 41 #6 1 6 .0 3 7 .7 # —77 1 5 .6 3 4 *4 2 6 *5 5 .8 1 5 *1 1 -7 8 7 .8 2 1 .7 1 3 .8 -3 * 4 2 -7 8 1 0 *0 2 2 .6 1 5 *9 1 *4 5 *9 1 6 1 .2 2 6 .9 171 .1 1 *9 - 1 9 . 6 1 6 2 .0 9 *5 -1 1 *9 -2 4 *4 -5 2 *9 - M - i 1 .3 -M > 1 4 6 .6 1 5 6 .4 2 9 .5 3 -7 8 7 *# 1 8 .0 1 1 .9 -0 *9 2 *3 -5 *1 -5 1 *4 -9 *9 6 *9 -1 3 .3 4 -1 8 7 *3 1 6 .7 1 1 .0 -9 .1 2 *9 -3 * 5 -4 *6 -5 *6 5 .4 1 -7 9 -# •9 1 .5 -4 .3 2 -7 9 -0 .3 6 .2 1 .2 3 -7 9 0 *7 6 .9 2 .2 # -7 9 -# •1 1 .1 -5 .4 - 1 1 .8 - 1 0 * 4 - 1 4 . 8 -1 4 .5 - 1 8 .4 -1 6 .1 1 -8 0 -9 .2 -5 * 0 -9 .3 -1 6 .3 -1 6 .2 -2 0 .5 -2 4 .1 -2 4 .6 -2 3 .5 5 .4 1 5 2 .9 -1 4 *3 -1 3 .8 -2 9 *3 -2 6 .3 -2 7 .5 -2 6 .1 -3 8 .7 -4 8 .5 -7 4 .8 -7 * 9 -6 .7 —1 2 . 4 - 1 6 . 5 -1 6 .0 -1 2 .1 -2 0 .3 -2 2 .5 -3 3 .5 7 5 .8 -6 *9 -4 .7 -1 4 .4 -2 0 .2 4 2 .1 1 4 .9 -2 1 .9 -2 3 .5 -2 9 .4 —0 . 5 -2 5 .1 -5 1 .2 -2 9 .0 - 3 1 .4 -3 7 .0 -2 0 .8 -3 9 .3 -5 5 .8 -2 6 .4 -2 8 .1 -1 7 .8 -3 2 .0 -9 .4 -1 5 *4 -1 9 .3 -1 3 .1 -1 2 .2 -8 .1 -1 4 .2 -2 2 .5 -2 2 .8 -2 1 .6 2 -8 0 -8 *9 -5 .0 -9 .0 -1 5 .5 3 -8 0 -0 .3 # •3 0 .7 -5 .4 -4 .5 -7 .7 -1 0 .1 -9 .2 —6 . 4 # -8 0 -2 .2 2 .0 -1 .4 -7 * 2 -6 .4 -9 .5 -1 1 .8 -1 1 .1 -8 .8 1 -7 6 2 -7 6 3 -7 6 4 -7 6 l-7 .7 _ _ 2 - 7 ? 3 -7 7 4 -7 7 1 5 0 .9 -# •4 -9 .7 Ir lS . -3 2 .5 1 0 8 .3 1 2 4 .7 1 29 .1 1 0 7 .9 -6 0 .0 -4 2 .9 -3 8 .2 8 5 .8 -1 1 .2 9 .6 -0 .3 -3 .8 2 0 .6 1 0 9 .5 -1 2 .0 -1 1 .8 -1 3 .8 2 .8 —6 .0 -9 .7 5 .4 4 5 .6 6—78 1 -7 9 Iris . IN IT IA L 3 -7 6 _2r?9._ 3 -7 9 8 4 .8 -4 .6 -9 .3 4 -7 9 __lrSJft. 1 2 4 .2 3 6 0 .2 7 9 .8 - 2 9 . 8 2 —80 3 -8 0 QUARTER_________________________________________________________________________ PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 29 1 1 3 .7 PRODUCTION AND P R IC E INDICATO RS PRICES RECEIVED BY FARMERS - UNITED STATES NOT SEASONALLY ADJUSTED CORN BEEF CATTLE 3 50 270 190 no 30 35 0 270 190 I 10 30 SOYBEANS HOGS 35 0 — 27 0 190 no I lL i JIx l Lll ■i i h i l n l n iilnlnln 11111111111. 30 MILK TOBACCO 350 __ — 270 190 110 J 1111111111 11111111111 11111111111 11111111111 1111111111l 1976 1977 1978 1979 1980 LATEST DATA PLOTTED: DECEMBER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 30 30 PRODUCTION AND PRICE INDICATORS PRICES RECEIVED BY FARMERS - UNITED ST A T E S NOT SEASONALLY ADJUSTED INDEX: 1971-100 ALL F ARM P R O D U C T S ALL CROPS CORN RICE SOYBEANS TOBACCO UPLAND COTTON L I V E S T O C K AND L I V E S T O C K PRODUCTS BEEF CATTLE BROILERS HOGS M ILK. TURKEYS COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING DECEMBER 1 FROM SAME FROM PREVIOUS MONTHS A YEAR AGO ___ 3 M O N TH? ___ OCTOBER 1980 NOVEMBER 1980 DECEMBER 1980 230.7 240.9 235.8 205.4 261.3 196.9 308.6 234.3 251.2 244.5 218.6 278.3 218.3 318.5 235.1 253.0 251.6 246.9 265.4 227.2 331.6 13.8 29.4 31.9 61.0 46.0 46.2 9.4 10.7 19.4 31.5 20.5 25. 1 8.7 28.4 223.7 213.2 230.4 263.3 233.3 218.6 221.1 206.3 219.5 254.4 238.4 223.6 220.3 206.0 215.9 244.9 240. 1 206.2 2.6 -19.5 -14.7 9.7 37.6 93.2 3.8 -6.0 28.4 29.2 9.2 8.6 COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL __ QUARTER________ 1 -7 6 2 -7 6 1971=100 IN I T I A L QUARTER 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—79 2 -7 9 3 -7 9 4 -7 9 1 -8 0 2 -8 0 3 -8 0 170.4 1 3 *7 3 -7 6 2 .9 4 -7 6 -6 .9 1 -7 7 0 .4 -6 .9 1 67 .4 —1 5 .8 - 2 3 . 8 -3 .7 1 56 .4 -2 .1 2 5 .7 1 65 .6 2 -7 7 1 .6 -1 .2 0 .7 1 5 .8 3 -7 7 -3 .5 -6 .6 -6 .5 0 .1 4 -7 7 -2 .1 -4 .5 -4 .0 1 .7 -5 .2 -1 0 .6 6 .8 1 -7 8 1 .9 0 .3 1 .5 7 .6 3 .4 2 .4 1 9 .8 3 4 .4 2 -7 8 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 .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 .9 5 .2 6 .6 1 1 .2 9 .3 9 .7 1 8 .5 2 1 .6 1 7 .6 4 .4 6 .7 .3 168 -1 0 .7 -2 5 .2 156.5 159 .1 171*3 1 89 .3 1 8 9 .3 6 .9 1 9 3 .4 1 -7 9 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 2 -7 9 8 .8 8 .4 9 .9 1 4 .0 1 2 .8 1 3 .6 2 0 .6 2 3 .0 2 0 .9 1 4 .7 2 0 .0 2 6 .0 8 .5 3 -7 9 7 .7 7 .2 8 .5 1 2 .0 1 0 .7 1 1 .2 1 6 .8 1 8 .3 1 5 .8 1 0 .1 1 2 .8 1 4 .2 0 .8 -6 .3 4 -7 9 6 .8 6 .3 7 .4 1 0 .5 9 .2 9 .4 1 4 .2 1 5 .1 1 2 .6 7 .5 9 .0 9 .0 -1 .1 -5 .6 -5 .0 1—80 6 .2 5 .7 6 .6 9 .4 8 .2 8 .3 1 2 .4 1 3 .1 1 0 .6 6 .0 7 .1 6 .7 -1 .4 -4 .5 —3 .6 -2 .3 212 .7 2 1 7 .1 ~ 2101*9 2 0 9 .7 2 -8 0 4 .9 4 .3 5 .1 7 .6 6 .3 6 .3 9 .7 1 0 .0 7 .6 3 .3 3 .8 2 .9 -4 .0 -7 .0 -7 .2 -8 .3 -1 3 .9 3 -8 0 7 .2 6 .9 7 .8 1 0 .3 9 .3 9 .5 1 3 .0 1 3 .6 1 1 .7 8 .2 9 .3 9 .3 4 .1 3 .3 5 .8 9 .7 1 6 .2 5 6 .7 4 -8 0 7 .6 7 .2 8 .1 1 0 .5 9 .6 9 .8 1 3 .1 1 3 .6 1 1 .9 8 .7 9 .8 9 .9 5 .5 4 .9 7 .3 1 0 .7 1 5 .3 3 3 .5 13. 8 1 -7 6 2 -7 6 3*-76 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 9 2 -7 9 .3 -7 9 4 -7 9 1-Qfi.. 2 -8 0 3 -8 0 2 0 2 .0 2 2 6 .0 2 3 3 .4 ______________ IN IT IA L QUARTER PREPARE!) BY FEDERAL RESERVE BANK OF ST. LOUIS 31 213^6~ PRODUCTION AND P R IC E INDICATO RS Farm Land V a l u e s 1967=100 460 1967=100 420 380 345 300 260 220 180 140 100 60 November 1977 Compounded Annual Index 1967 = 100________________ ____________ Rates of Change February 1979 February 1979 November February November February to to 1978 1979 1979 1980 November 1979 February 1980 United States 296 332 351 379 401 10.8 14.2 CMV State Summary 325 367 389 421 442 11.1 13.6 250 372 351 304 232 301 288 290 417 397 334 274 343 325 316 441 415 374 279 364 338 348 459 432 404 324 408 368 379 476 477 415 338 440 375 13.7 5.5 5.5 10.8 22.1 16.4 12.0 19.9 7.9 14.9 11.0 21.1 20.9 10.9 Arkansas Illinois Indiana Kentucky Mississippi Missouri Tennessee . 32 PRODUCTION AND P R I C E INDICATORS Consumer Price Index-All Items* * A11 U r b a n D a t a a r e C o n s u m e r s q u a r t e r l y f r o m M a r c h 1 9 7 4 t h r o u g h M a r c h 1 9 7 8 ; t h e r e a f t e r , d a t a a r e b i- m o n t h l y . ST. LOUIS UNITED STATES Percent Change to November 1980 Index 1967 = 100 November 1980 All Items Food Housing Apparel and Upkeep Transportation Medical Care Entertainment From Two Months Ago (Annual Rate) From Previous Year Percent Change to November 1980 Index 1967 = 100 November 1980 From Two Months Ago (Annual Rate) From Previous Year 253.8 263.3 269.8 177.8 3.4 5.9 -1.8 -7.7 12.5 11.4 14.8 6.5 256.2 264.5 273.8 184.8 11.2 8.1 14.5 8.9 12.6 10.6 13.7 7.6 249.6 252.8 214.5 15.4 14.7 0.8 12.3 12.4 6.3 259.0 274.5 211.2 10.6 9.0 4.1 15.2 10.7 9.5 33 F I N A N C I A L INDICATORS M E T R O P O L I T A N MEMBER BANK DATA-" SEASONALLY ADJUSTED INDEX: 1974-100 EVANSVILLE: IN-KY — — -ill I I 1 1 1 1 1 1 -L.J LITTLE ROCK - NORTH L I T T L E LOUISVILLE: ST. LOUIS: 1 1 1 1 II 1 1 1 ij .1i ROCK: i L iJ it ■ ■ 1■ ■ 1■ ■ 1■ I - L i l l i L u lu AR KY-IN MO-IL 210 170 130 90 50 LATEST DATA PLOTTED: SEPTEMBER JJ4TH QUARTER NOT AVAILABLE 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-11 SEASONALLY ADJUSTED TOTAL LOANS „ UNITED STATES* * * METROPOLITAN SUMMARY* COLUMBIA: MO EVANSVILLE: IN-KY FAYETTEV1LLESPRINGOALE: AR FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR LOUISVILLE: KY-IN MEMPHIS: TN-AR-MS PINE BLUFF: AR ST. LOUIS: M O - 1L SPRINGFIELD: MO TEXARKANA: AR TOTAL DEPOSITS UNITED STATES * * w METROPOLITAN SUMMARY* COLUMBIA: MO EVANSVILLE: IN-KY FAYETTEV1LLES P R 1NGDALE: AR FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR LOUISVILLE: KY-IN MEMPHIS: TN-AR-MS PINE BLUFF: AR ST. LOUIS: M O - 1L SPRINGFIELD: MO TEXARKANA: AR COMPOUNDED ANNUAL RATES OF CHANGE __________INDEXi 1974-100_______ 3 MONTHS ENDING SEPTEMBER 1980 FROM SAME AUGUST SEPTEMBER FROM PREVIOUS MONTHS A JULY YEAR AGO 1980 3 MONTHS 1980 1980 176. 1 157.3 194. 1 189.7 177.6 160.4 195.4 195.8 178. 1 158.4 191.1 192. 1 5.4 7.7 5. 1 -3.3 6.7 0.4 4.9 0.9 188.9 197.0 188.5 201 .4 189.9 198.3 -6.5 11.6 -1 7.7 8.9 179.5 184.4 112.6 180. 1 152.8 133. 1 209.3 172.6 185.5 112.3 170.5 161 .7 145.7 208.4 172.4 186.2 114.4 168.6 155.8 145.7 206.5 19.2 4.0 9.0 11.0 11.2 43.9 -1.0 -6.9 4.3 1.8 2. 1 -0.6 5.0 10.3 159.4 140.5 209.9 184.3 161.2 144.9 207.9 188.0 161.7 145.6 211.0 189.4 10.3 12.0 10. 1 6.9 7.9 2.9 14. 1 8.3 171.7 187.0 172.8 191 .0 177.1 195.5 13.2 17.4 -8.5 12.6 154.6 174.4 119.2 158. 1 121.2 124.0 184.0 159.6 178.7 123.5 159.8 126.5 130.0 186. 1 161.7 177.7 128.0 164.8 125.2 136.0 187.5 28.0 0.9 20.0 12.9 8. 1 39. 1 7.7 4.5 8.5 6.8 0.3 -3.4 4.9 8.4 AVERAGE NUMBER OF MEMBER BANKS STATE SUMMARY (EIGHTH DISTRICT ) w METROPOLITAN SUMMARY* NONMETROPOLITAN SUMMARY ARKANSAS FAYETTEV1LLES P R 1NGDALE: 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 INDIANA EVANSVILLE: IN-KY NONMETROPOLITAN AREAS MISSISSIPPI NONM£TROPOL1TAN AREAS MISSOURI COLUMBIA: MO ST. LOUIS: M O - 1L SPRINGFIELD: MO NONMETROPOLITAN AREAS TENNESSEE MEMPHIS: TN-AR-MS NONMETROPOLITAN AREAS JULY 1 M 387.20 116.00 269.20 72.00 AUGUST 1980 SEPTEMBER 1980 SEPTEMBER 1979 387.00 116.00 269.00 72.00 387.00 116.00 269.00 72.00 396.00 120.00 274.00 74.00 5.00 3.00 5.00 3.00 5.00 3.00 6.00 3.00 7.00 4.00 3.00 48.00 40.00 9.00 30.00 119.20 96.20 38.00 12.00 25.00 17.00 16.00 87.00 4.00 56.00 5.00 45.00 14.00 8.00 9.00 7.00 4.00 3.00 48.00 40.00 9.00 30.00 119.00 96.00 38.00 12.00 25.00 17.00 16.00 87.00 4.00 56.00 5.00 45.00 14.00 8.00 9.00 7.00 4.00 3.00 48.00 40.00 9.00 30.00 119.00 96.00 38.00 12.00 25.00 17.00 16.00 87.00 4.00 56.00 5.00 45.00 14.00 8.00 9.00 7.00 4.00 3.00 49.00 40.00 9.00 30.00 126.00 100.00 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 3K EXCLUDES BANKS IN TWO METROPOLITAN AREAS * * DATA ARE FOR ALL COMMERCIAL BANKS; ESTIMATED FOR JULY AND AUGUST. _U 4TH QUARTER NOT AVAILABLE 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: 1974-100 1974-100 TOTAL LOANS 210 170 1 TOTAL DEPOSITS 1974- 1oo 1 SMSA'S NON- SMS A 1S _ 130 V -------"" mm + r _______ _______ 90 50 m I m I m I m ■11■■1n 1■■ ■ l l l i l l i l Ll | l l l l l l l l l l l - l l i i l l l l l l l 1976 1977 1978 1979 1980 NONMETROPOLITAN ARKANSAS 210 NONMETROPOLITAN KENTUCKY 170 130 90 50 NONMETROPOLITAN M IS S IS S IP P I NONMETROPOLITAN MISSOURI 210 NONMETROPOLITAN TENNESSEE LATEST DATA PLOTTED; SEPTEMBER JJ 4TH QUARTER NOT AVAILABLE 36 170 130 90 50 FINANCIAL INDICATORS N O N M E T R O P O L IT A N MEMBER BANK DATA-1' S E AS O NA LL Y AD JU S TE D JULY 1980 TOTAL LOANS NONMETROPOLITAN SUMMARY ARKANSAS ILLINO IS INDIANA KENTUCKY M IS S IS S IP P I MISSOURI TENNESSEE TOTAL D E P O S I T S NONMETROPOLITAN SUMMARY ARKANSAS ILLINO IS INDIANA KENTUCKY M ISSISSIPPI MISSOURI TENNESSEE COMPOUNDED ANNUAL RATES OF CHANGE INDEX: 1974-100_______ 3 MONTHS ENDING SEPTEMBER 1980 FROM SAME MONTHS A AUGUST SEPTEMBER FROM PREVIOUS 1980 ____ 3 MONTHS__ YEAR AGO 1980 183.5 184.8 184.5 3.3 4.3 162.9 209.6 178.7 203.3 177.6 174.4 174.5 161.1 210.5 185.4 201.9 177.2 178.5 175.7 161.9 207.9 185.0 205.8 178.6 176.8 174.5 -2.7 -1.5 8.3 6.8 -0.9 12.4 16.4 1.6 3. 1 4.0 6. 1 3.9 7.9 7.7 160.8 163.5 165.6 11.8 7.3 150.2 166.6 151.0 186.3 175.9 153. 1 152.8 152.4 168.8 153.8 187.9 177.3 157. 1 154.2 154. 1 170.3 156.2 192.1 179.5 160.3 156.0 16.2 6.9 11.1 17.1 11.3 17.8 7.3 6.5 6.5 5.2 9.7 8. 1 10.4 4.8 MEMBER BANK DATA BY STA TE SE AS O NA LL Y AD JUS TED COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER 1980 ___________ INDEX: 19 7 4-1 00 FROM SAME JULY MONTHS A AUGUST SEPTEMBER FROM PREVIOUS 3 MONTHS YEAR AGO 1980 1980 I960 TOTAL LOANS STATE SUMMARY (EIGHTH D IS T R IC T ) ARKANSAS ILLINO IS INDIANA KENTUCKY M IS S IS S IP P I MISSOURI TENNESSEE TOTAL D E P O S I T S STATE SUMMARY (EIGHTH DISTRICT ) ARKANSAS ILLINOIS INDIANA KENTUCKY M ISSISSIPPI MISSOURI TENNESSEE _Ll 4TH QUARTER NOT AVAILABLE 164.3 167.2 165.2 5.8 1.6 175.3 181.0 180. 1 189.7 179.9 157.2 119.4 171.6 181.4 185.5 190.4 179.3 167.3 119. 1 171 .0 178.4 183.3 191.0 180.3 161.9 121.0 4.3 -0.9 2.7 3.0 -2.4 12.5 10.7 -2.0 0. 1 2.8 4.5 4.5 1.4 2.8 147.3 151.2 152.2 11.4 4.4 157.4 146.2 163.0 178.6 177.4 129.9 123.8 160. 1 147.6 167.2 182.3 178.8 136.0 127.5 162.4 148.0 168.4 182.8 181.3 136.5 131.5 18.0 4.8 8.9 4.5 12.0 11.5 19.3 4.7 2.1 7.4 8.5 8. 1 0.5 6.7 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: 1974-100 KENTUCKY MISSOURI 38 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: 1974-100_______ 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-IN MISSISSIPPI MISSOURI ST. LOUIS: M O - 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-IN MISSISSIPPI MISSOURI ST. LOUIS: M O - 1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR-MS COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING DECEMBER 1980 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR AGO OCTOBER 1980 NOVEMBER 1980__ DECEMBER 1980__ 213.6 213.5 205.7 236.6 229.9 215.7 215.8 207.5 239.2 234.9 218.2 217.9 208.5 242. 1 235.6 12.2 12.4 11.6 13.4 17.4 8.3 8.0 8.2 7.4 11.7 219.0 199.9 203.7 179. 1 263. 1 202.9 211.9 176.7 216. 1 200.8 221.2 198.9 204.6 180.4 266.7 204.6 213.6 178.9 218.3 202.1 223.0 198.1 207.6 180.4 272.6 206. 1 214.7 181.9 221.2 203.6 12.7 27.2 11.3 12.2 16.8 10.9 10.2 12.8 12.6 10. 1 8.9 4.0 7.5 5.8 9.3 7.9 8.7 4.6 8.6 8. 1 205.0 204.4 195. 1 212.9 226.3 206.5 205.6 196.5 214. 1 227.7 208. 1 206.4 197.7 215.2 230.8 10.5 8.8 9.5 7.2 11.4 5.4 3.8 4.4 2.9 6. 1 194.5 172.7 201.8 182.6 228.8 197.3 200.0 189.6 209.3 178.7 195.0 179.4 203.2 183.9 230.3 198. 1 201.4 188.2 210.8 180.8 196. 1 184.8 204.8 186. 1 231 .7 198.5 202.9 187.3 212.0 181.6 7.5 23.8 11.1 14.4 8.8 8. 1 10.4 -1 .7 8.2 2.9 5.6 9. 1 4.7 5.2 3.4 3.7 4.5 0.6 4.0 1.5 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: KY-IN MISSISSIPPI MISSOURI ST. LOUIS: M O - 1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR-MS OCTOBER 1980 NOVEMBER I960 DECEMBER 1980 DECEMBER 1979 4,006 401 83 75 4 4,004 401 87 62 4 4,006 387 84 62 4 4,039 419 86 76 4 7 3 86 9 59 NO 51 5 71 4 7 3 88 10 59 110 53 5 82 5 7 3 81 8 59 110 53 5 75 4 7 3 91 11 59 113 50 5 80 6 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 39 POPULATION Bureau of the Census Compounded Annual Rates of Change T97(T I960 to to 1978 1970 __ 1970____ 1978* 204,878,000 218,548,000 .8 1.3 15,964,668 17,305,000 1.0 .8 CMV Metropolitan Areas 5,655,075 5,912,900 .6 1.3 Arkansas FayettevilleSpringdale: AR Fort Smith: AR-OK Little Rock-North Little Rock: AR Pine Bluff: AR Texarkana: AR-TX 1,923,322 2,186,000 1.6 .7 127,846 160,421 160,500 190,400 2.9 2.2 3.3 1.7 323,296 85,329 113,488 376,400 85,900 118,700 1.9 .1 .6 1.7 .5 1.2 Kentucky ClarksvilleHoplinsville: KY-TN Evansville: IN-KY Louisville: KY-IN Owensboro: KY 3,220,711 3,498,000 1.0 .6 118,945 284,959 867,330 79,486 147,700 294,800 887,300 81,100 2.7 .4 .3 .3 .6 .5 1.4 1.2 Mississippi 2,216,994 2,404,000 1.0 .2 Missouri Columbia: MO St. Louis: MO-IL Springfield: MO 4,677,623 80,935 2,410,884 168,053 4,860,000 90,600 2,385,900 204,800 .5 1.4 -.1 2.5 .8 3.9 1.2 1.9 Tennessee Memphis: 3,926,018 834,103 4,357,000 888,800 1.3 .8 1.0 1.4 United States CMV States ♦Provisional TN-AR-MS
@FedFRASER