The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
sm cV NTRAL MISSISSIPPI VALLEY ONOMIC INDICATORS Prepared by Federal Reserve Bank of St. Louis 3RD QUARTER 1981 R e le a se d : D e c e m b e r 15, 1981 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 o f these states. Also, the metropolitan summary o f 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 o f 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. All 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 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 o f 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 o f Governors o f 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 o f 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 not strictly comparable over time due to withdrawals and additions o f member banks (see average number of member banks, page 35). In addition, beginning January 1981, member banks with deposits of under $15 million (approximately 90 in the Eighth District) report deposit figures quarterly rather than weekly. 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 CENTRAL MISSISSIPPI VALLEY ECONOMIC ACTIVITY Overall, economic activity in the Central Mississippi Valley (CMV) appears to have changed little from the second to the third quarter. Payroll employment in both CMV states and metropolitan areas was unchanged in the third quarter, while rising at a 1.6 percent annual rate in the United States. The sluggish economic performance in the third quarter continues the slow economic activity in the region that has persisted throughout much of the past two years. As shown in the table below, payroll and manufacturing employment remain substantially below the level of two years ago. For example, the three largest metropolitan areas in the region (St. Louis, Memphis, Louisville) have all experienced declines in payroll employment of about 3 percent or greater and declines in manufacturing employment of 6 percent or greater. Least affected among the metropolitan areas is Springfield, Missouri which gained 1.9 percent in payroll employment and 5.3 percent in manufacturing employment in the past two years. In comparison, payroll employment in the nation rose 2 percent in the past two years and manufacturing employment declined 2.8 percent. While total payroll employment in the region was unchanged in the third quarter, changes did occur in individual industries. The automobile, housing and building materials industries, among the hardest hit during the past two years, experienced declines in employment during the third quarter that reduced or eliminated the gains in these industries in late 1980 and early 1981. These losses offset third quarter employment gains in nonmanufacturing industries (other than construction) and in such manufacturing industries as textile, apparel and leather, and electrical equipment. Employment in transportation equipment manufacturing, of which automobile manufacturing is the largest component, declined in the five CMV states at an 8.8 percent annual rate from the second to third quarter, after an upturn late last year and this summer. With this latest decline, employment in this industry stood 21 percent below the level of two years ago, but was still up slightly from a year ago. Employment in lumber and furniture manufacturing also declined in the third quarter and is now 7.9 percent below two years ago, but still about 5 percent above a year ago. Construction employment in the five states declined again in the third quarter and also stands 21 percent below two years ago. Housing permits issued in the five states were 54 percent below a year ago, and in the first three quarters of 1981, permits issued were 31 percent below a similar period a year ago. On the other hand, nonresidential building contracts in the five states (dollar amounts) rose 31 percent over the relatively high level in a similar period in 1980. EMPLOYMENT (Percent Change, III/1979 to III/1981) Payroll UNITED STATES CMV STATES Arkansas Kentucky Mississippi Missouri Tennessee CMV CITIES Evansville Fort Smith Little Rock Louisville Memphis Pine Bluff St. Louis Springfield 2.0 % -3.2 -0.4 -4.8 -2.6 -2.9 -3.8 -3.4 -3.3 -1.6 0.0 -4.0 -2.9 -1.7 -4.6 1.9 3 Manufacturing -2.8 % -5.1 -1.9 -7.6 -7.0 -8.4 -1.3 -8.7 -6.3 -6.3 -8.2 -12.4 -6.4 3.2 -9.4 5.3 INCOME AND TRADE INDICATORS PERSONAL INCOME SEASONALLY ADJUSTED INDEX: 1971-100 1971-100 1971-100 ARKANSAS KENTUCKY M IS S IS S IP P I MISSOURI TENNESSEE 4 INCOME AND TRADE PERSONAL INDICATORS INCOME SEASONALLY ADJUSTED _____ INDEX? 1971-tQO_____ COMPOUNDED ANNUAL ______ RATES OF CHANGE 1ST QUARTER 1981 2ND QUARTER 1981 UNITED STATES 269. 1 274.7 8.6 12.1 CMV STATE SUMMARY 274.4 278.4 6.0 11.1 ARKANSAS 298.9 305.9 9.6 13. 1 KENTUCKY 281.6 278.5 -4.3 8.9 M IS S IS S IP P I 280.2 284.9 7.0 10.9 MISSOURI 251.5 257.4 9.7 11.5 TENNESSEE 286.5 292.2 8.2 11.5 1ST OTR 1981 TO 2ND QTR 1981 2ND OTR 1980 TO 2ND QTR 1981 STATE SUMMARY—PERSONAL INCOME COMPOUNDED ANNUAL RATES OP CHANGE TERMINAL QUARTER IN IT I A L QUARTER 1 -7 7 2 -7 7 3 -7 7 2 -7 7 11*2 3 -7 7 1 1 .8 1 2 .4 4 -7 7 1 2 .3 1 2 .9 1 3 .4 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 1 -7 9 3 -7 9 2 -7 9 197 M O O 4 -7 9 1 -8 0 2 -8 0 3 -8 0 4 -8 0 1 -8 1 1 8 2 .7 1 8 8 .1 1 9 4 .1 1 9 7 .7 1 -7 8 1 1 .1 1 1 .1 1 0 .5 7 .6 2 -7 8 1 2 .5 1 2 .9 1 3 .0 1 2 .9 3 -7 8 1 2 .6 1 2 .9 1 3 .0 1 2 .9 1 5 .6 1 3 .0 4 -7 8 1 3 .0 1 3 .3 1 3 .5 1 3 .5 1 5 .5 1 4 .1 2 0 6 .2 1 8 .3 2 1 2 .6 2 2 0 .3 1 5 .3 2 2 8 .0 1 -7 9 1 3 .2 1 3 .5 1 3 .7 1 3 .7 1 5 .3 1 4 .3 1 5 .0 1 4 .7 2 -7 9 1 2 .4 1 2 .5 1 2 .5 1 2 .4 1 3 .4 1 2 .2 1 1 .9 1 0 .2 5 .9 3 -7 9 1 2 .3 1 2 .5 1 2 .5 1 2 .4 1 3 .2 1 2 .2 1 1 .9 1 0 .9 9 .0 1 2 .1 4 -7 9 1 2 .3 1 2 .5 1 2 .5 1 2 .3 1 3 .0 1 2 .2 1 2 .0 1 1 .2 1 0 .1 1 2 .2 1 2 .3 2 3 1 .3 2 3 8 .0 2 4 5 .0 1 -8 0 1 1 .9 1 2 .0 1 1 .9 1 1 .8 1 2 .3 1 1 .5 1 1 .2 1 0 .4 9 .3 1 0 .5 9 .7 7 .2 2 -8 0 1 1 .1 1 1 .1 1 1 .0 1 0 .8 1 1 .1 1 0 .2 9 .9 9 .0 7 .9 8 .3 7 .1 4 .6 2 .1 2 4 9 .3 3 -8 0 1 1 .3 1 1 .3 1 1 .2 1 1 .0 1 1 .4 1 0 .6 1 0 .3 9 .6 8 .8 9 .4 8 .7 7 .5 7 .7 2 5 0 .6 2 5 8 .7 1 3 .6 4 -8 0 1 1 .4 1 1 .4 1 1 .3 1 1 .2 1 1 .5 1 0 .8 1 0 .6 1 0 .0 9 .4 1 0 .0 9 .5 8 .9 9 .4 1 3 .3 1 3 .0 1 -8 1 1 1 .4 1 1 .5 1 1 .4 1 1 .2 1 1 .5 1 0 .9 1 0 .7 1 0 .3 9 .7 1 0 .3 1 0 .0 9 .5 1 0 .1 1 2 .9 1 2 .5 1 2 .1 2 -8 1 1 1 .1 1 1 .1 1 1 .0 1 0 .9 1 1 .1 1 0 .5 1 0 .3 9 .8 9 .3 9 .7 9 .4 8 .9 9 .2 1 1 .1 1 0 .3 9 .0 6 .0 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 4 -8 0 1 -8 1 IN IT IA L 2 6 6 .7 2 7 4 .4 2 7 8 .4 QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 INCOME AND TRADE INDICATORS DEPARTMENT STORE SALES SEASONALLY ADJUSTED INDEX: 1971-100 1971-100 1971-100 360 280 360 — — 200 200 120 40 280 = — ^ n ilu - L ijJ ij. IK M 1 1 1 1 1 ■1 M — ■ ■ ....................... ... ■ ST. 1.1. 1 1.1 1 l - l 1 I 1 LOUIS: 6 . ■1 H M O-IL 1 1 ■ 1 1 . - i - l - L 1-1.1 I-1 .I L-L. L-L.I L i 1 J 1 1 1 1 120 40 INCOME AND TRADE INDICATORS DEPARTMENT STORE SA LES SEASONALLY ADJUSTED __________INDEX; 1971-100 JUNE 1981 1M L AUGUST 1981 UNITED STATES 247.3 240.0 247.4 8.2 11.9 CMV METROPOLITAN SUMMARY 216.5 216. 1 219.6 8.9 9.0 394.0 383.0 390.3 19.6 13.3 352.9 184.7 191.7 213.9 238.6 354.6 190.9 190.8 211.3 241.7 348.5 191.0 192.0 220.0 234.6 5.0 -4.9 -5.8 18.9 9.6 9.2 FORT SMITH: AR-OK LI TT LE ROCK-NORTH LI TT LE ROCK: AR LOUI SV ILL E: K Y - 1N MEMPHIS: TN-AR-MS ST. LOUIS: MO- 1L SPRINGFIELD: MO JULY COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING AUGUST 1981 FROM SAME MONTHS A FROM PREVIOUS ___3 MONTHS__ year m ,. 5.9 2.6 11.9 10.1 X DATA NOT COMPARABLE, SEE INCOME AND TRADE IND ICATORS, PA6E 2 U . S . DEPARTMENT STORE SALES COMPOUNDED ANNUAL RATES OF CHAN6E IN IT I A L TERMINAL QUARTER 1 -7 7 2 -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 QUARTER 3 -7 9 1971*100 4 -7 9 1 -8 0 2 -8 0 3 -8 0 4 -8 0 1 -8 1 1 6 5 .3 2 7 .7 3 -7 7 2 5 .5 2 3 .3 4 -7 7 2 2 .9 2 0 .6 1 7 .8 1 -7 8 1 8 .2 1 5 .2 1 1 .3 5 .2 1 2 .9 1 0 .5 1 6 .1 1 7 4 .2 1 8 1 .5 1 8 3 .8 2 -7 8 1 7 .8 1 5 .4 1 9 0 .8 3 -7 8 1 5 .9 1 3 .7 1 1 .4 V .3 1 1 .4 6 .9 4 -7 8 1 4 .4 1 2 .3 1 0 .2 8 .4 9 .5 6 .3 5 .7 1 -7 9 1 3 .2 1 1 .3 9 .4 7 .8 8 .4 6 .0 5 .5 2 -7 9 1 2 .7 1 1 .0 9 .4 8 .0 8 .6 6 .8 6 .7 7 .2 9 .1 3 -7 9 1 3 .2 1 1 .7 1 0 .3 9 .3 9 .9 8 .8 9 .2 1 0 .4 1 3 .0 1 7 .1 4 -7 9 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 4 .5 1 2 .0 1 -8 0 1 1 .6 1 0 .2 9 .0 8 .0 8 .4 7 .3 7 .4 7 .7 8 .3 8 .1 3 .8 -3 .8 1 9 4 .0 1 9 6 .7 1 9 9 .3 5 .4 2 0 3 .7 2 1 1 .9 2 1 8 .0 2 1 5 .9 2 -8 0 1 0 .3 9 .0 7 .8 6 .8 7 .0 5 .9 5 .8 5 .8 5 .9 5 .1 1 .4 -3 .5 -3 .3 3 -8 0 1 0 .6 9 .3 8 .2 7 .4 7 .6 6 .7 6 .7 6 .9 7 .1 6 .7 4 .2 1 .8 4 .7 4 -8 0 1 0 .9 9 .6 8 .8 8 .1 8 .4 7 .6 7 .7 8 .0 8 .4 8 .2 6 .6 5 .2 8 .4 1 4 .8 1 6 .3 1 -8 1 1 0 .8 9 .8 8 .9 8 .2 8 .5 7 .8 7 .9 8 .1 6 .5 8 .4 7 .0 6 .0 8 .6 1 2 .9 1 2 .7 9 .2 2 -8 1 1 1 .1 1 0 .1 9 .3 8 .7 9 .0 8 .4 8 .6 8 .8 9 .2 9 .2 8 .2 7 .5 1 0 .0 1 3 .5 1 3 .6 1 2 .3 1 5 .5 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 4 -8 0 1 -8 1 IN IT IA L 2 1 4 .1 1 3 .3 2 2 0 .9 2 2 9 .4 2 3 4 .5 2 4 3 .1 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 IS S IS S IP P I 8 INCOME AND TRADE IND ICATORS FARM CASH R E C E I P T S SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING AUGUST 1961 FROM SAME MONTHS A FROM PREVIOUS 3 MONTHS__ YEAB.AfcQ- __________INDEX-. 1971-100_______ JUNE 1981 JULY 1981 AUGUST 1981 UNITED STATES 291.2 301.2 283.4 57.4 8.9 CMV STATE SUMMARY 335.8 346.9 262.5 228.8 12.9 ARKANSAS 410.7 345.5 280.6 100.0 17.7 KENTUCKY 368.6 359.6 318.7 175.1 9.2 M IS S IS S IP P I 289.4 270.0 249.3 377.3 12.5 MISSOURI 284.6 356.4 246. 1 194.6 7.3 TENNESSEE 357.7 301.2 250.4 362.4 23.6 STATE SUMMARY—FARM CASH RECEIPTS COMPOUNDED ANNUAL RATES OF CHANGE IN IT I A L TERMINAL QUARTER 1 -7 7 2 -7 7 2 -7 7 1 0 .4 3 -7 7 1 0 .6 1 0 .8 4 -7 7 1 3 .9 1 5 .7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 1 -7 9 QUARTER 3 -7 9 2 -7 9 1971*100 4 -7 9 1 -8 0 2 -6 0 3 -8 0 4 -8 0 1 -8 1 1 8 4 .9 1 8 9 .7 2 0 .9 1 9 8 .9 1 -7 8 2 2 .9 2 7 .4 3 6 .6 5 4 .4 2 -7 8 2 0 .3 2 3 .0 2 7 .3 3 0 .7 2 2 1 .7 1 0 .7 2 2 7 .4 3 -7 8 1 3 .6 1 6 .7 1 8 .2 1 7 .3 2 .3 -5 .5 4 -7 8 1 7 .0 1 8 .1 1 9 .6 1 9 .3 9 .5 8 .9 2 5 .5 2 2 4 .2 2 3 7 .3 1 -7 9 1 9 .0 2 0 .3 2 2 .0 2 2 .2 1 5 .3 1 6 .9 3 0 .0 3 4 .6 2 -7 9 1 5 .1 1 5 .7 1 6 .4 1 5 .7 9 .2 8 .8 1 4 .0 8 .7 -1 2 .2 3 -7 9 1 2 .3 1 2 .6 1 2 .8 1 1 .7 5 .8 4 .9 7 .6 2 .3 -1 0 .9 -9 .5 4 -7 9 1 2 .3 1 2 .8 1 3 .0 1 2 .0 7 .0 6 .4 9 .0 5 .2 -3 .1 1 .8 1 4 .5 1 -8 0 1 1 .3 1 1 .6 1 1 .7 1 0 .8 6 .3 5 .6 7 .6 4 .4 -2 .1 1 .6 7 .6 1 .1 2 -8 0 8» 4 8 .2 8 .0 6 .8 2 .5 1 .5 2 .6 -0 .8 -6 .7 -5 .3 -3 .8 -1 1 .8 -2 3 .1 3 -8 0 1 3 .6 1 3 .8 1 4 .1 1 3 .5 1 0 .0 9 .9 1 2 .1 1 0 .3 6 .6 1 0 .9 1 6 .7 1 7 .4 2 6 .5 4 -8 0 a. 5 8 .3 8 .1 7 .2 3 .7 3 .0 4 .0 1 .5 -2 .5 -0 .7 1 .1 -2 .0 -3 .0 9 .0 -4 2 .9 1 -8 1 8 .7 8 .6 8 .5 7 .6 4 .4 3 .8 4 .8 2 .7 -0 .7 1 .1 2 .9 0 .8 0 .7 1 0 .1 -1 9 .9 1 2 .5 2 -8 1 9 .9 9 .8 9 .8 9 .0 6 .2 5 .8 6 .9 5 .2 2 .3 4 .3 6 .5 5 .2 6 .0 1 4 .8 -5 .8 2 1 .0 3 0 .2 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 4 -8 0 1 -8 1 2 5 5 .6 2 4 7 .4 IN IT IA L 2 4 1 .3 2 4 9 .6 ' 2 5 0 .3 2 3 4 .4 1 0 8 .0 2 8 1 .5 2 4 4 .7 2 5 2 .0 2 6 9 .2 QUARTER PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS 9 EMPLOYMENT INDICATORS TOTAL EMPLOYMENT SEASONALLY ADJUSTED I NDEX: 1 9 7 1 - 1 0 0 1971-100 1971-100 ARKANSAS KENTUCKY 135 125 115 105 95 M IS S IS S IP P I 135 125 115 105 95 MISSOURI 10 EMPLOYMENT IND ICA TOR S TO TAL EMPLOYMENT SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE __________INDEX: 1971*100_______ 3 MONTHS ENDING SEPTEMBER 1981 FROM SAME MONTHS A AUGUST SEPTEMBER FROM PREVIOUS JULY 3 MONTHS__ 1981 1981 YEAR m __ LMJ___ 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: K Y - 1N M IS S IS S IP P I MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR 125. 1 121.4 117.1 129.2 131.5 125. 1 .121.7 117.6 129.8 131.5 124.2 121.4 116.9 130.8 131.2 -0.6 3.0 4.2 8.4 8.0 1.7 2. 1 2.9 3.0 6.0 135.4 126.0 127.7 123.5 117.7 124. 1 116.4 113.3 141.5 117.3 109. 1 136.2 126.9 127.3 125.2 118.2 122.0 116.5 112.9 142.2 I19.3 110.6 137.2 127.6 126.9 124.9 118.7 123. 1 115.2 111.4 138.7 119.6 111.2 10.3 8.3 6.5 3.3 2.8 -7.1 -1.7 0.0 4.7 7.0 9.6 2.9 0.5 2.9 0.6 2.5 -2.2 2.9 3.6 6. 1 2.1 0.9 STATE SUMMARY—TOTAL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL_______________________________________________________________________________I N IT I A L QUARTER_________________________________________________________________________________1 9 7 1 = 1 0 0 QUARTER 3 -7 7 2 -7 9 3 -7 9 4 -7 9 1 -8 0 2 -8 0 3 -8 0 4 -8 0 1 -8 1 2 -8 1 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 1 -7 9 1 -7 7 2 -7 7 2 —7 7 7 .2 3 -7 7 4 .8 1 1 5 .8 1 1 6 .5 2 .4 4 -7 7 3 .4 1 .6 0 .7 1 -7 8 2 .3 0 .7 -0 .2 1 1 6 .7 1 1 6 .4 -l .C 1 1 7 .2 2 -7 8 2 .4 1 .2 0 .8 0 .9 2 .8 3 -7 8 2 .4 1 .5 1 .3 1 .5 2 .8 2 .8 4 -7 8 2 .6 1 .8 1 .7 2 .0 3 .0 3 .1 1 1 8 .0 3 .4 1 1 9 .0 1 -7 9 2 .5 1 .9 1 .8 2 .0 2 .7 2 .7 2 .7 2 .0 2 -7 9 2 .5 1 .9 1 .8 2 .0 2 .6 2 .6 2 .5 2 .0 2 .0 3 -7 9 2 .3 1 .8 1 .7 1 .9 2 .4 2 .3 2 .2 1 .8 1 .7 1 1 9 .6 1 2 0 .2 1 .3 1 2 0 .6 4 -7 9 2 .3 1 .8 1 .7 1 .8 2 .2 2 .2 2 .0 1 .7 1 .6 1 .3 1 .3 1 -8 0 2 .2 1 .6 1 .7 1 .8 2 .2 2 .1 2 .0 1 .7 1 .6 1 .4 1 .5 1 .7 2 -8 0 1 .7 1 .2 1 .1 1 .2 1 .4 1 .2 1 .0 0 .6 0 .3 -0 .1 —0 . 6 -1 .5 -4 .5 1 2 1 .0 1 2 1 .5 1 2 0 .1 3 -8 0 1 .3 0 .8 0 .7 0 .7 0 .9 0 .7 0 .4 0 .0 -0 .3 -0 .8 -1 .3 -2 .2 -4 .1 -3 .6 4 -8 0 1 .4 1 .0 0 .9 0 .9 1 .1 0 .9 0 .7 0 .4 0 .1 -0 .2 -0 .5 -0 .9 -1 .8 -0 .3 3 .1 1 -8 1 1 .5 1 .2 1 .1 1 .1 1 .3 1 .1 1 .0 0 .7 0 .5 0 .3 0 .2 -0 .1 -0 .5 0 .9 3 .2 1 1 9 .0 1 1 9 .9 3 .4 1 2 0 .9 2 -8 1 1 .4 l.C 0 .9 0 .9 1 .1 l.C 0 .8 0 .5 0 .4 0 .2 0 .0 -0 .2 -0 .6 0 .4 1 .8 1 .2 -1 .0 3 -8 1 1 .5 1 .1 1 .1 1 .1 1 .2 1 .1 1 .0 0 .8 0 .6 0 .5 0 .4 0 .2 0 .0 0 .9 2 .1 1 .8 1 .0 3 .0 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 v 4 -7 9 1 -8 0 2 -8 0 3 -8 0 4 -8 0 1 -8 1 2 -8 1 1 2 0 .6 1 2 1 .5 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS EMPLOYMENT INDICATORS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT PERCENT ARKANSAS KENTUCKY M IS S IS S IP P I MISSOURI TENNESSEE 12 9 6 3 0 12 EMPLOYMENT INDICATORS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT MONTHLY AVERAGE 3 MONTHS ENDING UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: 1N-KY LOUISVILLE: KY-IN M IS SI SS IP P I MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR JULY AUGUST SEPTEMBER SEPTEMBER JUNE 1981 198.1- __ L98J___ __ LS8J___ 1981 7.0 7.4 7.6 8.5 8.5 7.2 7.9 7.9 9.2 8.8 7.5 8. 1 7.8 9.2 9. 1 7.2 7.8 7.8 9.0 8.8 7.4 7.9 7.9 8.3 8. 1 7.7 9.9 7.0 6.9 7.5 7.5 6.9 7.7 5.2 7.7 7.8 7.8 10.4 7.6 7.6 8. 1 8.3 6.9 7.7 4.8 8.8 8.3 7.5 10.0 7.6 9.0 7.3 8.8 7.1 7.8 5.6 8.9 8.2 7.7 10. 1 7.4 7.8 7.6 8.2 6.9 7.7 5.2 8.5 8. 1 7.3 9.4 8.3 8.2 7.9 7.9 7.4 8.5 6.0 8.2 7.3 C IV IL IA N LABOR FORCE SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER THOUSANDS OF PERSONS FROM SAME MONTHS A AUGUST JULY SEPTEMBER FROM PREVIOUS YEAR AGO 1981 1981 __ L24J___ __ 3 MONTHS__ UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY EVANSVILLE: 1N-KY LOUISVILLE: KY-IN MIS SI SS IP P I MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR 106,463.9 8,010.2 2,529.4 998.9 85.6 106,601.9 8,066.8 2,545.6 1,011.3 86.0 106,236.0 8,070.2 2,527.6 1,018.1 86. 1 193.3 40.5 1,640.3 144.3 433.3 997.3 2,347.0 1,123.7 109. 1 2,016.0 396.7 194.7 41.0 1,645.3 147.5 438.4 990. 1 2,347.2 1,120.7 109.2 2,075.4 404.3 195.5 41.0 1,641.6 149.4 436.3 1,004.3 2,326.6 1,106.6 107.4 2,083.6 406.0 -1.2 2.3 3.3 11.5 11.5 1.4 1.6 2.6 3.4 2.4 12.4 11.6 2.4 1.6 1.2 -5.9 -3.5 -3.3 0.7 8. 1 13.8 4.5 4.1 1.0 1. 1 1.4 -2.0 2.1 2.6 4.8 .2.6 3.0 PREPARED BY FEOERAL RESERVE BANK OF ST. LOUIS 13 EMPLOYMENT INDICATORS AVERAGE HOURLY EARNINGS MANUFACTURING AVERAGE WEEKLY HOURS WORKED MANUFACTURING SEASONALLY ADJUSTED SEASONALLY ADJUSTED HOURS PER WEEK DOLLARS PER HOUR KENTUCKY — t— h ' r u Im Im Ih i i i n i i i i n " v --------— v A . lllllllllll ■■18■1■111■ ■IlI u I u I i i,' M IS S IS S IP P I 10 8 48 — — 6 / 44 40 - 4 36 jul I i i 2 L i 11 1 1 i l l l l l l i l i l - u l l l l l l l l i ■■11 a1a1 1 ■■ l l l l l l l l l l l MISSOURI LATEST DATA PLOTTED-. SEPTEMBER 14 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0 EMPLOYMENT INDICATORS AVERAGE HOURLY EARNINGS - MANUFACTURING SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE _________ DOLLARS PER HOUR_______ 3 MONTHS ENDING SEPTEMBER 1981 ■ FROM SAME JULY AUGUST MONTHS A SEPTEMBER FROM PREVIOUS 1981 1981 YEAR AGO 1981 3 MONTHS UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LOUISVILLE: KY-IN M IS SI SS IP P I MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR 8.02 7.08 8.52 6.30 6.58 8.02 7.1 1 8.59 6.30 6.38 8.15 7.20 8.67 6.44 6.40 7.3 6.4 5.8 7.1 10.4 9.7 8.9 8.8 9.9 10.2 7.01 7.64 7.93 9.24 6.00 7.94 8.98 7.43 6.72 7.53 7.04 7.82 7.95 9.42 6.05 8.00 9.05 7.46 6.72 7.52 7.23 7.86 8.02 9.47 6.12 7.99 9. 15 7.46 6.87 7.50 0.9 -1.8 8.6 4.0 6.7 4.4 9.9 -0.2 6.6 8.7 -0.3 6.9 9.9 9.7 9.0 9.3 11.8 9.9 6.6 0. 1 AVERAGE WEEKLY HOURS WORKED - MANUFACTURING SEASONALLY ADJUSTED __________ HOURS PER WEEK________ UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT SMITH: AR-OK LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR KENTUCKY LOUISVILLE: KY-IN MIS SI SS IP P I MISSOURI ST. LOUIS: M O - 1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR MONTHLY AVERAGE 3 MONTHS ENDING JULY 1981 AUGUST 1981 SEPTEMBER __ LifiJ___ SEPTEMBER 1981 40.0 39.9 40.6 39.7 38.9 40.0 39.6 40.3 39.7 38.4 39. 1 39.2 39.4 39.5 38.4 39.7 39.6 40. 1 39.6 38.6 40.2 40.0 40.0 40. 1 39. 1 39.6 42.0 40. 1 40.6 39.4 39.9 40.5 41.6 40. 1 40.2 40.9 42. 1 39.0 39.9 39.2 39.8 40.4 40. 1 39.6 40.5 40.6 42. 1 38.9 40.0 39. 1 38.7 38.8 40.3 39.4 40.0 40.4 42.1 39.3 40.2 39.2 39.5 39.9 40.7 39.7 40.3 40.4 41.3 39.9 40.3 39.9 39.8 40.0 41.2 40.2 40. 1 JUNE • 1981 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 15 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT - SELECTED I N D U S T R I E S * SEASONALLY ADJUSTED INDEX: 1972-100 CHEMICAL, 1972-100 140 I --------------------- 1i-----------------------120 ___U . 5 . __________ _ 5 T A T E 5 _______ PETROLEUM, AND RUBBER PRODUCTS ----------------------- — '■---------------------- 1972-100 140 ------------- 100 — 100 80 80 1 1 1 1 1 1.1 1 1 1 1 60 ...................... ... ■ ■■.......................... ■■i ■■i ■■i ■. -L J—L i—1-1-1—1 J—L i- J 1.1 l.l 1 J 1 1 1 1 ■ 60 CONSTRUCTION 140 140 1 2 0 _______ - — — . __ 120 100 100 80 80 » *1« » 1» « 1» « 60 ■. 1 ■ ■ 1. ■ 1 ■. ............1 ■ ■ 1 ■ ■ -1 .L-ll-l-i 1 1 1 1 1 -L l J.1J-i. L-I.J-L L. ............................. 60 ELECTRICAL EQUIPMENT 140 140 120 100 80 g Q n 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 11 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 11 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 11 1 1 1 1 1 1 1 1 1 11 60 FOOD AND KINDRED PRODUCTS 140 120 100 80 60 LUMBER AND FURNITURE 16 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT - SE LE C TE D IN D U S TR IE S * SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE __________INDEX-. 1972-100_______ 3 MONTHS ENDING SEPTEMBER 1981 FROM SAME JULY AUGUST SEPTEMBER FROM PREVIOUS MONTHS A 1981 1981 1981 ... 3 MONTHS YEAR AGO 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 MIS SI SSI PP I 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 119.3 96.9 98.4 113.6 109.9 119.4 95.8 97.2 113.9 109.4 119.6 95.8 96.3 2.9 -7.3 4.5 -3.3 -3.2 3.6 -1.3 4.5 -2.0 4.4 89.0 88.5 88.9 5.6 1.7 115.9 98.0 111.7 103.4 90.8 117.8 97.4 109.5 102.6 91.2 117. 1 97.0 112. 1 103.6 90.6 -1.0 -4.8 6.8 -4.9 -3.0 2.0 -5.4 7.6 -0.2 5.2 90.9 90.8 90.6 4. 1 1.6 98.7 MO.6 121.6 89.3 133.7 99.0 145.4 121.7 88.8 133.0 97.6 140.9 122.1 86.8 134.2 -8.5 14.0 -6.6 1.4 1.8 -7.1 13.3 0.4 7.4 2.2 85.8 83.8 81 .9 1.4 -1.8 131.6 94.8 84.9 97.3 131.0 129.0 94.3 73.2 93.8 134.0 127.2 95. 1 83.6 94.3 133.3 4. 1 -8.8 -18.4 0.4 -0.9 1.8 -6.8 1.5 -0.9 0.8 88.0 84.9 84.8 -5.0 -1.2 112.1 131.0 115.7 93.2 109.7 124.9 115. 1 92.8 110.0 127.2 116.0 92.8 -11.4 -4.3 -14.2 -3.8 -7.8 3.5 -2.5 1 .1 99.2 86.6 97.5 85.7 97.5 86.6 3.3 -8.3 0.4 4. 1 104.0 116.2 89.7 104.9 103.0 118. 1 89.5 105.2 103.2 118.9 90.0 105.9 -1.9 9.0 -6.0 -1.9 -2.0 4.5 -0.6 0.3 85.9 76.7 86.3 80.4 86. 1 77.2 4.3 -7.3 -1.7 -3.3 107.3 88.6 107.0 89.6 126.5 111.7 87.8 105.9 93.1 126.5 111.2 86.9 108.7 93. 1 126.0 -4.6 1.4 3.0 5.9 1.6 1.2 -5.8 1.5 9.7 7.9 118.5 121.9 121.0 6.6 5. 1 113.5 109.9 X ALL CATEGORIES ARE MANUFACTURING EXCEPT CONSTRUCTION. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 17 EMPLOYMENT IND ICA TOR S MANUFACTURING EMPLOYMENT NONMANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972-100 1972-100 150 - u.s. ------------- 1l - U.S. STATES 1 STATES 130 — — 1972-100 150 - — - 110 MO 90 70 — ____ 11111111111 11111111111 11111111111 11111111111 11111111111 1977 1979 1980 1981 1978 111 110 90 ■11111ij 111 iiliiliiln llllillllll llllillllll llllillllll 1977 1978 1980 1979 1981 70 ISAS 150 130 — — _ ~ — _ __ 150 “““ 130 I 10 90 70 90 llllillllll I■1111S11■■ 11lll-lulu. llllillllll 111II1II 1II, ,li lu lu hi u l n l n l u m Im Im Iii «» 111111111 llllillllll KENTUCKY 150 130 - - ----- - I 10 ■ ■ i n i ■» i ■■ 11111111111 H I ■ 11111II II llllillllll 1i 1«111■1■i llllillllll llllillllll llllillllll In IH IH M IS S IS S IP P I _ — 70 150 _ 130 — 130 I 10 1 10 90 90 llllillllll -LjJ-U.ll.il II llllillllll n lu lull i Li 1.1.1llllll, llllillllll llllillllll llllillllll llllillllll llllillllll MISSOURI 150 130 — — — 70 150 ____ “ 110 90 70 130 90 ■ 1 1 ■■i ■■i ■ i 150 70 150 110 90 70 70 130 110 90 llllillllll llllillllll ii Iu IliIii jj.lj.ihiln jj-Lulnlu iihilnlii ulnlnhi n.hihiln llllllu lll. 1lLii 1II1II TENNESSEE 150 - 130 — — 150 - — 110 70 130 110 90 90 70 ulnlnlu iiliiliili.i 111111■«1ssj.iliiJnln »»h »11111i 1977 1978 1979 1980 1981 LATEST DATA PLOTTED: SEPTEMBER 18 iiliiliiln llllillllll llllillllll llllillllll llllillllll 1977 1978 1979 1980 1981 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 70 EMPLOYMENT INDICATORS M A N U F A C T U R IN G EMPLOYMENT SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE __________INDEX: I972-IOO_______ 3 MONTHS ENDING SEPTEMBER 1981 FROM SAME AUGUST JULY SEPTEMBER FROM PREVIOUS MONTHS A 1981 1981 YEAR AGO __ LMJ___ __ 3 MONTH?__ 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 MIS SI SS IP P I MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR 107.0 103.3 91.6 116. 1 117.3 107.0 103.9 91.8 115.8 117.1 107.0 103.6 91.6 114.7 114.4 2.3 0.8 -3.4 2.8 1.4 2.5 2.7 -0.9 4. 1 9.6 103.5 109.4 102.4 99. 1 85.6 106.5 95.8 87.6 105.4 104.2 95.8 103. 1 109. 1 101.4 98.2 83.2 105.0 96.9 88.9 104.5 106.2 94.6 102.7 109.5 101.7 97.7 86.3 104.7 96.6 88.4 106.0 106.2 94.1 4.0 1.5 -1.6 0.4 -15.3 -1.5 -2.0 -1.3 10.9 3. 1 -1.3 -2.5 3.2 1.9 -0.7 -1.8 1.4 0.2 -2. 1 10. 1 5.0 -0.6 NONMAN UFA CT URIN G EMPLOYMENT SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE __________INDEX: 1972-100_______ 3 MONTHS ENDING SEPTEMBER 1981 FROM SAME JULY AUGUST SEPTEMBER FROM PREVIOUS MONTHS A 1981 1981 __ L22J_______ 3 MONTHS YEAR AGO 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 MIS SI SSI PP I MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR 130.8 126.3 122.5 134.6 139.9 131 .0 126.2 122.3 134.4 138.8 130.8 126.2 122.4 135. 1 140.3 0.9 -0.3 0.7 -0.6 2.3 1.6 -0.7 0. 1 0. 1 -0. 1 137.4 133.9 126.9 132.5 123.9 135.0 121.9 116.7 140. 1 124.3 119.4 137.8 133.8 126.7 133.3 124.3 133.8 121.9 116.4 139.9 124.2 119.3 137.5 131 .9 126.0 132.9 124.9 135.8 121.8 116.8 139.2 124.3 119.3 3.6 -2.4 5.6 4.0 2.0 -5.2 0.0 -0.7 2.9 -3.2 0.0 1.6 -3. 1 -1.5 -0.2 0.6 -1.0 0.4 -0.1 0.6 -1.6 -0.3 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 19 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX: I972-IOO 1972-100 1972-100 ARKANSAS KENTUCKY M IS S IS S IP P I MISSOURI TENNESSEE 20 EMPLOYMENT PAYROLL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1972-100 1972-100 1972-100 21 INDICATORS EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE __________INDEX; 1972-100_______ 3 MONTHS ENDING SEPTEMBER 1981 FROM SAME MONTHS A SEPTEMBER FROM PREVIOUS JULY AUGUST 3 MONTHS YEAR AGO 1981 1981 1981 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 M IS S I S S I P P I MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR 124.7 119.6 113.9 128.7 131 .9 124.8 119.5 113.7 128.5 130.8 124.8 119.5 113.8 128.4 130.3 1.6 1.9 0.0 0.0 0.0 0. 1 130.4 128. 1 120.2 120.6 111.5 125.8 115.2 108.3 130.6 117.8 114.8 130.7 128.3 119.8 121.1 111.5 124.7 115.3 108.3 130.0 118.3 114.2 130.3 126.7 119.4 120.6 112.2 125.8 115.2 108.5 130.2 118.1 114.3 3.4 -1.6 3.8 1.3 -1.8 -4.3 -0.7 -1 . 1 4.7 -1.3 -0.3 -0.1 1.3 3.0 3.1 0.9 -1 .8 -0.7 -0.3 0.0 -0.4 0.3 -0.6 2.6 0.3 -0.4 STATE SUMMARY-TOTAL PAYROLL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL_______________________________________________________________________________ IN IT I A L QUARTER_________________________________________________________________________________1 9 7 2 * 1 0 0 QUARTER 1 -7 7 A—7 7 2 -7 7 3 -7 7 1 -7 8 3 -7 8 A—7 8 1 -7 9 3 -7 9 1 -8 0 2 -7 8 2 -7 9 A - 79 2 -8 0 3 -8 0 1 -8 1 2 -8 1 A -80 2 -7 7 7 .0 3 -7 7 3 .6 A —7 7 5 .7 5 .0 5 .3 1 -7 6 5 .0 A .A A .2 3 .1 2 -7 8 6 .0 5 .7 6 .1 6 .5 9 .9 3 -7 8 5 .5 5 .3 5 .A 5 .A 6 .6 113.A 1 1 A .7 A .7 1 1 6 .2 1 1 7 .1 1 1 9 .9 3 .A 1 2 0 .9 A —7 8 5 .3 5 .0 5 .1 5 .0 3 .6 3 .5 3 .7 1 -7 9 A .9 A .7 A .7 A .5 A .9 3 .2 3 .2 2 .6 2 -7 9 A.6 A .A A .3 A. 1 A .3 3 .0 2 .9 2 .5 1 2 2 .0 1 2 2 .8 2 .3 1 2 3 .5 3 -7 9 A. 2 3 .9 3 .8 3 .5 3 .6 2 .A 2 .2 1 .6 1 .1 0 .0 A—7 9 3 .8 3 .A 3 .3 3 .1 3 .0 1 .9 1 .7 1 .1 0 .7 -0 .2 -0 .3 1 -8 0 3.A 3 .0 2 .9 2 .6 2 .5 1 .5 1 .2 0 .7 0 .2 -O .A -0 .6 -1 .0 2 -8 0 2 .5 2 .1 1 .9 1 .5 l.A 0 .3 -0 .1 -0 .7 -l .A -2 .3 -3 .0 -A .3 -7 .6 3 -8 0 2 .0 1 .6 1 .3 1 .0 0 .8 -0 .2 -0 .6 -1 .2 -1 .9 -2 .7 -3 .3 -A .3 -5 .9 -A .2 A —8 0 2 .1 1 .7 1 .5 1 .2 1 .0 0 .2 -0 .2 -0 .7 -1 .1 -1 .7 -2 .0 - 2 .A -2 .9 -0 .5 1 2 3 .5 1 2 3 .A 1 2 3 .1 1 2 0 .7 119.A 3 .A 1 -8 1 2 .2 1 .9 1 .7 1 .5 1 .3 0 .6 0 .3 -0 .1 - O .A -0 .8 -0 .9 -1 .0 -1 .1 1 .2 2 -8 1 1 .6 1 .3 1 .1 0 .8 0 .6 -0 .1 —0 . A -0 .8 -1 .2 -1 .6 -1 .9 -2 .1 -2 .3 -1 .0 0 .1 -1 .5 -7 .3 3 -8 1 1 .6 1 .2 1 .0 0 .7 0 .6 -0 .1 —O .A -0 .8 -1 .1 -1 .5 -1 .6 -1 .8 -2 .0 -0 .8 0 .1 -1 .0 -3 .7 0 .0 1 -7 7 2 -7 7 3 -7 7 A—7 7 1 -7 8 2 -7 8 3 -7 8 A—7 8 1 -7 9 2 -7 9 3 -7 9 A—7 9 1 -8 0 2 -6 0 3 -6 0 A—8 0 1 -8 1 2 -6 1 IN IT I A L A. 1 1 2 0 .A A .7 1 2 1 .6 1 1 9 .5 ______ 1 1 9 * 3 QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 22 PRODUCTION AND PR IC E INDICATORS PRODUCTION OF SELECTED CROPS 1979 7,938,819 433,040 2,030 132,600 5,720 239,990 52,700 131,947 53,781 44,064 8,384 1,333 UNITED STATES CMV STATES Arkansas Mississippi Mi ssouri SOYBEANS 6,647,534 245,610 1,036 103,600 2,464 109,710 28,800 2,267,901 571,435 144,200 53,950 118,900 183,645 70,740 21.8 80.4 163.5 47.7 206.0 102.6 99.4 145,063 64,182 52,615 9,226 2,341 182,627 86,639 69,000 14,405 3,234 25.9 35.0 31.1 56.1 38.1 1,792,062 344,235 65,250 36,000 61,600 135,485 45,900 2,076,998 456,750 100,050 51,000 81,400 163,200 61,100 15.9 32.7 53.3 41.7 32.1 20.5 33.1 2,025,203 679,905 518,876 161,029 13.6 28.6 24.4 43.9 15,464 2,620 650 1,525 165 280 40.4 33.4 46.4 33.4 -6.8 40.0 (1,000 Pounds) 1,526,549 447,974 343,145 104,829 UPLAND COTTON UNITED STATES CMV STATES Arkansas Mississippi Missouri Tennessee 1,782,618 528,893 416,962 111,931 (1,000 Bales) 14,531 2,371 606 1,437 157 171 11,018 1,964 444 1,143 177 200 ♦November 1 forecast 8,097,231 442,990 2,730 153,000 7,540 222,300 57,420 (1,000 Bushels) TOBACCO UNITED STATES CMV STATES Kentucky Tennessee Percent Change 1980 to 1981 (1,000 CWT) RICE UNITED STATES CMV STATES Arkansas Kentucky Mississippi Mi ssouri Tennessee 1981 Indicated* (1,000 Bushels) CORN FOR GRAIN UNITED STATES CMV STATES Arkansas Kentucky Mississippi Missouri Tennessee 1980 23 PRODUCTION AND PR IC E INDICATORS ELECTRIC POWER C O N S U M P T I O N SEASONALLY ADJUSTED INDEX: 1971-100 CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS ELECTRICAL MACHINERY LATEST DATA PLOTTED: SEPTEMBER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 24 PRODUCTION AND PR ICE ELECTRIC INDICATORS POWER C O N SU M PT IO N SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHAN6E __________INDEXs 1971-100_______ 3 MONTHS ENDIN6 SEPTEMBER 1981 FROM SAME JULY AUGUST SEPTEMBER FROM PREVIOUS MONTHS A m i 1981 YEAR AGO 1981 3 MONTHS UNITED STATES TOTAL MANUFACTURING AND MINING 125.7 123.9 122.7 7.1 5.2 115.7 111.6 110.3 -6.5 1.0 113.9 110. 1 108.7 -9.5 0.5 DURABLES ELECTRICAL MACHINERY FABRICATED METALS LUMBER AND FURNITURE NONELECTRICAL MACHINERY OTHER DURABLES PRIMARY METALS STONE, CLAY, AND GLASS TRANSPORTATION EQUIPMENT 102.3 102.6 164.1 118. 1 147.5 148.8 77.7 99.4 97.4 99.3 97.0 154.8 123.0 130.6 148.2 76.2 88.9 96.8 99.7 92.7 159.6 107.8 131.7 148. 1 82.0 95.4 94.8 -10.4 -8.2 12.7 -27.9 6.4 -6.0 -13. 1 -18.3 5. 1 3. 1 2.6 7.1 1.7 0.8 3.5 2.7 1.8 3.7 NONDURABLES CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS FOOD, BEVERAGES, AND TOBACCO PAPER AND PRINTING TEXTILE, APPAREL, AND LEATHER 118.6 114.1 112.7 -11 .0 -0.4 118.5 112.9 109.4 -11.4 1.1 123.7 119.5 120.5 119.1 124.7 123.0 -4.4 -10.8 -5.6 -3.4 97.1 94.4 87.6 -8.9 1.3 213.0 199. 1 204.2 179.0 20.0 EIGHTH DISTRICT TOTAL MANUFACTURING AND MINING MANUFACTURING MINING PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 25 PRODUCTION AND PR ICE 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 LATEST DATA PLOTTED: 3RD QUARTER Jj 4TH QUARTER DATA: 643.3 i) 4TH QUARTER DATA: 389.3 NONRESI DENT IAL BU IL D IN G 330 250 170 —I 90 10 26 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS PRODUCTION AND PRICE INDICATORS VALUE OF C O N S T R U C T I O N CONTRACTS L E T * NOT SEASONALLY ADJUSTED _____ INDEX: I974-IOO_____ TOTAL 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 COMPOUNDED ANNUAL RATES OF CHANGE 3RD OTR 1980 TO 3RD OTR 1981 3RD QTR TO 3RD QTR 2ND QUARTER 1981 3RD OUARTER 1981 198.7 197.6 184.7 159.2 125.9 183. 1 174.6 124.4 133.8 103.9 -0.2 -4.7 -29.4 -25.3 -17.1 -6.5 -7.7 -1 1. 1 2.6 3.2 135.4 106.5 183.4 488.7 157.4 157.0 332.2 207.9 350.7 138.5 136.9 89.2 103.8 238.9 110.1 158.9 165.9 177.1 138.4 206.0 93.7 84. 1 -36.8 47.0 30.0 -63.4 -7.3 -12.4 4.2 -12.5 -15.4 -52.7 -59.5 -9.6 -54.5 -17.2 33.0 -38.8 6.8 -31.7 -15.7 -52.1 49.5 62.0 212.1 192.6 130.9 199.7 148.9 180. 1 163.4 122.6 169.6 126.3 -13.7 -21.4 -26.5 -20.5 -3.4 -1 1. 1 -10.0 -17.8 -7.0 -1.3 124.4 254.3 207.5 221.4 125.0 198.5 196.1 129.9 151.4 131.5 109.3 95.2 220.8 153.5 158.2 108.5 155.4 231.4 162.0 98.9 94.8 81.5 -43.7 7.0 -25.0 -4.9 -32.3 -31.7 26.7 11.0 -49.2 -56. 1 -60.7 0.9 -56.3 -7.4 -23. 1 -15.9 8.6 -39.9 -34.4 -46.3 15.0 13.9 185.1 203.3 237.9 106.0 81.4 186.1 187.3 126. 1 87.2 61 .0 17.8 20.7 -31.9 -35.4 -45.9 0.4 -4.0 -4.0 30.7 14. 1 151.4 46.6 154.9 795.0 191.0 104. 1 457.0 279.5 565.3 145.0 160.2 80.7 56.4 339.7 55. 1 211.1 179.3 127.5 116.8 321.4 92.8 86.3 -20.3 263.9 113.4 -87.9 15.3 27.3 -19.5 -31.0 8.7 -48.7 -58.4 -27.7 -41.5 -28.7 91.2 -50.8 3.2 -20.0 9.0 -55.5 127.7 152.6 B.E$J-DEN_IIA|. 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 IK USED WITH THE PERMISSION OF DODGE CONSTRUCTION POTENTIALS, MCGRAW-HILL INFORMATION SYSTEMS COMPANY PREPARED BY FEDERAL RESERVE BANK OF S 27 PRODUCTION AND P R IC E INDICATORS H O U S IN G P E R M I T S SEASONALLY ADJUSTED INDEX: 1974-100 1974-100 410 - 1974-100 410 u . s . STATES 310 ________ — 210 2 1 0 A |■ 110 I 10 10 . . i . . i . . i . . 1975 . . 1 . . 1 . . 1 . . 1976 . . 1. . 1. . . 1 . . 1 . . . 1 . . 1977 1 . . . . 1978 1 . . 1 . . 1 . . 1 . 1 . . 1979 1 . . 1 . . i * 1 1 1 1 1 1 1 1 1 1980 1981 ARKANSAS 410 310 310 410 — — 1 1 0 310 210 2 1 0 10 ■I l l l l l l l l . i l . . 10 1 1 0 ■ ■ 1 ■ ■ 1 ■ ■ 1 ■ ■ ■1 i-Lt-l-l-l 1 1-1 1 . ■ 1 1 1 1 1 1 1 1 11 -1 1 1. 1 1 1. 1 1 1 i 1 1 1 1. 1 1 1 i 1 1. i 1 ,Y i , n > r i . 7 10 KENTUCKY M IS S IS S IP P I 410 310 210 1 1 0 10 MISSOURI 410 310 210 110 10 TENNESSEE 28 PRODUCTION AND P R IC E INDICATORS H O U S IN G P E R M I T S SEASONALLY ADJUSTED __________INDEX; 1974-100_______ AUGUST fast JULY t ill COMPOUNDED ANNUAL RATIOS OF CHANGE 3 MONTHS In OINC SEPTfeflBEB t«tl FROM PREVIOUS 3 Months 1981 FRQlf SAME A iiti A60' monTRs O ltlT iO STATES 05.0 68.0 a. s -53.3 -36.9 CUT S tA T I SUMMARY § 4 .f 53.2 44.3 -59.3 -34.0 Cflnr K m C rP O L I T AN SMiftfARY S r.6 SOT. 4 55.8 -74.3 -50.6 ARKANSAS LITTLE ROCK-NORtH LITTLE ROCK; AR SB.t 36.1 50.0 -93.1 -70.3 37.7 24.5 11.5 -99.5 -8 l. 1 KENTUCKY LOUISVILLE*. K Y -IN S * .* 48.2 60.2 53.6 42.4 41. / -57/ -87. V -40.5 -37.5 ( H S S lfS S lW l at. 3 52.0 42. ? -50.3 -52.1 NISSOURI ST. USUIS; N ff-IL Si. 7 $4.1 69.9 60S 58./ 94. i -37.2 - 20. 0 -46.7 -28.7 TENNESSEE MEUPH1S: TN-AR-MS 71 . t 54.8 35.2 28.3 4%. 4 21 .0 -44.1 -82.0 -59.4 -76.0 STATE SUMMARY-HOUSING PERMITS COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER IN IT I A L 1 -7 7 2 -7 7 3 -7 7 2 -7 7 4 4 .6 3 -7 7 2 7 .9 1 3 .2 4 -7 7 1 0 .7 -3 .2 -1 7 .2 1 -7 8 1 .3 -9 .8 -1 9 .3 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 1 -7 9 2 -7 9 QUARTER 3 -7 4 1974*100 4 -7 9 1 -8 0 2 -8 0 3 -8 0 4 -8 0 1 -8 1 2 -8 1 1 6 2 .4 1 6 7 .5 1 5 9 .8 -2 1 .7 1 3 0 .3 2 -7 8 3 .6 -2 .3 -7 .0 -1 .3 2 4 .0 3 -7 8 -1 .1 -8 .3 -1 3 .0 -1 1 .6 -6 iQ 1 5 8 .6 _ -2 6 .8 4 -7 8 1 .1 -4 .7 -8 .0 -3 .3 0 .6 -9 .4 15*4 1 -7 9 -1 3 .0 -1 9 .0 -2 3 .4 -2 4 .6 -2 5 .3 -3 7 .0 -4 0 .7 2 -7 9 —6 . 3 -1 1 .3 -1 4 .3 -1 3 .8 -1 2 .1 -1 9 .4 -1 5 * 9 - -2 8 ^ 3 68if 3 -7 9 -7 .2 -1 1 .6 -1 4 .3 -1 3 .9 -1 2 .6 -1 8 .5 -1 1 3 * 6 ^ 2 ^ 0 2 0 .0 -1 4 .7 4 -7 9 -1 1 .2 -1 3 .4 -1 8 .1 -1 8 .2 -1 7 .7 -2 3 * 2 -2 2 .0 -2 9 * 3 -6 .4 -3 0 * 3 1 4 5 .7 1 5 1 .0 —6 9 . 3 1 1 2 .2 1 2 7 .9 1 2 2 .9 -4 3 .0 1 0 6 .8 1 -8 0 -1 3 .4 -1 9 .4 . - 2 2 .1 -2 2 .7 -2 2 .8 -2 7 * 8 -2 7 * 7 -3 4 .1 -2 lN r 2 - 3 7 * 8 -4 6 .8 -5 0 * 5 2 -6 0 -1 3 .3 —1 9 . 2 -2 1 .6 -2 2 .0 —2 2 * 1 -2 6 .4 -2 6 .1 -3 1 * 4 -1 * ^ 3 -3 2 i9 -3 8 .1 -3 5 .5 —1 5 . * 3 -8 0 -6 .4 -9 .3 -1 1 .1 -1 0 .6 -9 * 4 -1 2 .5 -1 0 .2 -1 3 .4 3 .1 -6 .6 -4 .4 1 3 .6 7 2 .0 2 5 1 .7 4 -8 C —6 . 8 -4 .7 -1 1 .2 -1 0 .7 —9 . 6 -1 2 .4 -1 0 .4 -1 3 .2 0 .8 -7 .5 -6 .0 6 .6 3 7 .5 7 5 .9 1 -8 1 -1 4 .2 -1 7 .2 -1 9 .0 -1 9 .1 -1 8 .9 -2 2 * 0 -2 1 .3 -2 4 .6 -1 5 .5 -2 3 .3 -2 4 .8 -2 0 .6 -1 0 .6 -8 .8 2 -8 1 -1 6 .9 -1 4 .7 -2 1 .5 -2 1 .8 -2 1 .8 -2 4 .7 -2 4 .4 -2 7 .5 -2 0 .2 -2 7 .3 -2 8 .9 -2 6 .3 -2 0 * 2 -2 1 * 2 -5 2 .2 -6 4 .7 -4 9 .3 3 -8 1 -2 0 .1 -2 2 .8 -2 4 .6 -2 5 .1 -2 3 .4 -2 8 .2 -2 8 .2 -3 1 .2 -2 5 .4 -3 1 .8 -3 3 .7 -3 2 .3 -2 8 * 7 -3 1 .0 -5 4 .0 -6 3 .0 -5 4 .6 -5 9 .3 1 -7 7 2 -7 7 3 -7 7 * -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 -6 0 3 -8 0 4 -8 0 1 -8 1 2 -8 1 8 9 .6 8 5 .8 1 1 7 .5 -1 2 .0 n s ;r -3 3 * 5 - 7 5 •5 8 0 .1 6 7 .6 I N IT I A L QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 29 5 4 .0 PRODUCTION AND PR IC E INDICATORS P R I C E S R E C E I V E D BY FARMERS - UNITED ST AT ES NOT SEASONALLY ADJUSTED L I VJgJOCK INDEX: 1971-100 1971-100 350 ALL CROPS L I 270 — — V E S T D C K MP R O D U C T S > 9 7 »' — — 190 / 1 10 11111111111 111111II 11I 11111111111 11111111111 * 1111111111 1977 1978 1979 1980 1981 -u lu ln lll u l u l n l l l 1977 1978 CORN ■u l u l n l l l X I 11 t l i i -Lli i i l u l u l u 1980 1981 1979 350 270 — _— --- — — 190 1 10 1«1■■1■i 11■ 1i l l 111.1.1 11 II 111 I I I I I I j i I i i Li i In ■i i ■111 ■i ■■ -u lu ln lll -L illilii III RICE i i l u l u l u x iL J u Ij i .. I .. I .. I .T 350 — — — — — 1 10 30 .ululnlll ■■1i■1■i1■■ ■lllllllll.il nl u Lii In n 11 1 111 111- iilu lu lu ■ n liiL u lii SOYBEANS ■■1111 ■■i ■i u l l l l l l l . i l . u l u l n l l l 350 ^ A, — 270 — 190 110 30 30 HOGS 350 190 270 190 _ 110 270 30 BROILERS 350 190 270 190 I 10 270 30 BEEF CATTLE 350 30 270 190 --- 1 1 0 30 350 I 10 1■1■i 1i 111■ m ■11 ■i i ■■1■■ l l l l l l l l i u . L l l l . l l l l l l l I m I m I m .ii I n l u l u -ii 1n i l il i.i -Liillij-lll-L TOBACCO m I n I i i I ii il I u 1j i 1.i i . 30 MILK 350 — — 270 190 110 11L1111111 111111111»1 1»11»11»11» »11111111»1 111l11»i111 30 TURKEYS .1 1 1. 350 — 270 190 1 10 1111111i111 1977 LATEST DATA PLOTTED: SEPTEMBER Iilu lu lu 1978 11111111111 11111111111 111i11ii111 1979 1980 1981 PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS 30 30 PRODUCTION AND P R IC E PRICES RECEIVED BY FARMERS - UNITED INDICATORS STATES NOT SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE __________INDEX; 1971-100_______ 3 MONTHS ENDING SEPTEMBER 1981 FROM SAME JULY MONTHS A AUGUST SEPTEMBER FROM PREVIOUS 1981 YEAR AGO 1981___ ___3 MONTHS IMI ALL FARM PRODUCTS ALL CROPS CORN RICE SOYBEANS TOBACCO UPLAND COTTON LIVESTOCK AND LIVESTOCK PRODUCTS BEEF CATTLE BROILERS HOGS MILK TURKEYS 228.3 241.8 247.7 241.2 243.6 215.5 287.7 221.9 229.3 226.4 228.1 228.3 225.2 266.4 217.0 215.1 198.8 209.2 214.0 236.9 257.4 -13.3 -31.3 -38.9 -27.3 -31.1 -4.5 -30.2 -1.6 -1.8 -1.5 14.0 -6.3 17.7 -16.3 216.5 206.0 221.0 275.0 228.2 194.8 215.0 203.6 212.2 274.5 228.2 185.7 215.0 201.5 194.8 273.9 233.3 174.8 5.4 -6.6 10.8 80.9 -2.2 -7.1 -10.2 10.6 4.9 -2.2 0.0 -6.8 PRICES—ALL FARM PRODUCTS COMPOUNDED ANNUAL RATES OF CHANGE IN IT I A L QUARTER TERMINAL QUARTER 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 7 6 .7 3 -7 7 -1 0 .7 -2 5 .2 4 -7 7 -5 .2 -1 0 .6 6 .8 1 -7 8 3 .4 2 .4 1 9 .8 3 < *.4 # 2 -7 8 1 1 .3 1 2 .5 2 8 .9 4 1 .6 4 9 .1 3 -7 8 9 .3 9 .9 2 1 .0 2 6 .1 2 2 .1 2 -7 8 3 -7 8 4 -7 8 1 -7 9 2 -7 9 3 -7 9 1971*100 4 -7 9 1 -8 0 2 -8 0 3 -8 0 4 -8 0 1 -8 1 2 -8 1 1 6 8 .3 1 5 6 .5 1 5 9 .1 1 7 1 .3 1 8 9 .3 0 .0 1 6 9 .3 4 -7 8 9 .3 9 .7 1 8 .5 2 1 .6 1 7 .6 4 .4 8 .9 1 -7 9 1 3 .3 1 4 .3 2 2 .7 26 .1 2 4 .2 1 6 .8 2 6 .3 4 6 .3 2 -7 9 1 2 .8 1 3 .6 2 0 .6 2 3 .0 2 0 .9 1 4 .7 2 0 .0 2 6 .0 3 -7 9 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 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 9 3 .4 2 1 2 .7 8 .5 2 1 7 .1 2 1 3 .6 2 1 0 .9 1 -8 0 8 .2 8 .4 1 2 .5 1 3 .1 1 0 .7 6 .1 7 .2 6 .8 -1 .3 -4 .3 -3 .3 -1 .7 2 -8 0 6 .4 6 .3 9 .8 1 0 .1 7 .7 3 .4 3 .9 3 .0 -3 .9 -6 .8 -7 .0 -8 .0 -1 3 .9 3 -8 0 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 5 .8 4 -8 0 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 .1 3 3 .1 1 3 .8 1 -8 1 9 .0 9 .1 1 2 .1 1 2 .5 1 0 .9 7 .9 8 .7 8 .7 4 .8 4 .2 6 .1 8 .4 1 1 .1 2 1 .0 6 .7 0 .0 2 -8 1 8 .1 8 .2 1 0 .9 1 1 .2 9 .6 6 .8 7 .4 7 .3 3 .6 3 .0 4 .4 6 .1 7 .7 1 3 .9 2 .7 -2 .5 -4 .9 3 -8 1 6 .8 6 .8 9 .2 9 .3 7 .7 5 .1 5 .5 5 .2 1 .8 1 .1 2 .0 3 .1 3 .9 7 .9 -1 .6 -6 .2 -9 .2 -1 3 .3 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 1 -8 0 2 -8 0 3 -8 0 4 -8 0 1 -8 1 2 -8 1 4 -7 J 2 1 0 .0 2 0 2 .3 5 5 .8 2 2 6 .0 2 3 3 .4 2 3 3 .4 2 3 0 .5 IN IT I A L QUARTER 31 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 2 2 2 .4 Farm Land Values 1977=100 1977=100 2201--- --- .220 ________________Index 1977 = 100________________ ________Percent Change February 1977 February 1978 February 1979 February 1980 February 1981 1979 to 1980 United States 100 109 124 143 156 15.3 9.1 CMV State Summary 100 115 134 152 165 13.4 8.6 100 100 100 100 100 100 100 no 111 113 113 115 114 112 133 125 129 133 129 128 123 159 135 149 148 156 155 136 183 143 161 154 198 166 146 19.5 8.0 15.5 11.3 20.9 21.1 10.6 15.1 5.9 8.1 4.1 26.9 7.1 7.4 Arkansas Illinois Indiana Kentucky Mississippi Missouri Tennessee 32 1980 to 1981 PRODUCTION AND P RI CE I NDI CATORS Consumer Price Index-All Items* Data are quarterly from March 1975 through March 1978; thereafter, data are bi-monthly. ST. LOUIS UNITED STATES Percent Change to September 1981 Index 1967 = 100 September 198-1 From Two Months Ago (Annuel Rate) From Previous Year 273.4 274.4 294.6 186.5 9.2 3.3 12.7 15.4 8.3 5.2 8.9 3.5 270.4 279.5 225.8 3.9 10.7 20.8 11.0 13.1 5.4 All Items Food Housi ng Apparel and Upkeep Transportation Medical Care Entertainment 33 Percent Change to September 1981 Index 1967 * 100 September 1981 From Two Months Ago (Annual Rate) From Previous Year 279.3 278.0 303.7 190.7 11.2 4.0 14.3 21.1 11.0 6.5 13.4 4.7 285.2 301.7 224.0 5.6 13.0 8.1 12.0 11.5 6.8 FINANCIAL I NDI CATORS METROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1974-100 EVANSVILLE: L I T T L E ROCK - IN-KY NORTH L IT T L E ROCK: L O U IS V IL L E : AR KY-IN 210 170 130 90 50 210 170 1 30 90 50 ST. LOUIS: MO-IL 210 170 130 90 50 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 TOTAL LOANS _ UNITED STATES** * METROPOLITAN SUMMARY* COLUMBIA: MO EVANSVILLE: IN-KY FAYETTEV1LLESPRINGDALE: 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 TOTAL DEPOSITS UNITED STATES** * METROPOLITAN SUMMARY* COLUMBIA: MO EVANSVILLE: IN-KY FAYETTEV1LLESPR1NGDALE: 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 COMPOUNDED ANNUAL RATES OF CHANGE __________INDEX-. 1974-100_______ 3 MONTHS END IN6 SEPTEMBER 1981 FROM SAME MONTHS A JULY AUGUST SEPTEMBER FROM PREVIOUS YEAR AGO 1981 3 MONTHS 1981 1981 182.2 164.1 212.3 195. 1 183.3 161.6 226. 1 199.5 186.5 166.7 231.7 200.2 11.2 4.3 30.0 9.2 11.1 3.5 15.5 3.0 208.0 21 1.8 210.8 210.7 206.5 206.2 -3.2 14.3 10.2 5.4 166.2 201.3 120.4 174.9 158.2 H3.0 217.7 158.4 194.8 116. 1 174.6 159.7 109.0 219.9 167.8 201.8 115.1 173.9 165.0 149.2 219.5 -4.7 1.8 2.4 4.7 7.3 -27.7 14.3 -6. 1 7.5 3.6 0.8 2.7 -5.5 5.2 172.5 156.5 219.5 201.1 175.5 158.0 228.6 204.9 181.0 157.9 228.5 203.9 12.2 5.2 12.2 4.4 11.8 9.6 7.6 8.6 189. 1 198.6 188.9 201.9 186.7 198.8 -2.7 8.0 8.2 4.6 162.9 193.0 131.3 168.7 140.6 135.8 203.6 164. 1 193.8 131.5 167.1 141.7 141.5 205.8 163.4 195.2 130.3 162.2 144.3 139.5 205. 1 6.4 8.7 -8.4 -1.2 9.5 13.4 5.5 3. 1 9.7 6.0 3.2 14.4 6.9 10.2 AVERAGE NUMBER OF MEMBER BANKS STATE SUMMARY CEIGHTH 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 1NO 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 1981 AUGUST SEPTEMBER -1 9 6 1 - __ LMJ___ 389.00 117.00 270.00 74.00 389.00 117.00 270.00 74.00 389.40 117.40 270.00 74.00 387.00 116.00 269.00 72.00 5.00 3.00 5.00 3.00 5.00 3.00 5.00 3.00 8.00 4.00 3.00 49.00 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 8.00 4.00 3.00 49.00 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 8.00 4.00 3.00 49.00 40.00 9.00 30.00 119.00 96.00 38.00 12.00 25.00 17.00 16.00 87.40 4.00 56.40 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 SEPTEMBER 1980 * EXCLUDES BANKS IN TWO METROPOLITAN AREAS 3K3K ALL DOMESTICALLY CHARTED COMMERCIAL BANKS PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 35 FINANCIAL I NDI CATORS NONMETROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1974-100 1974-100 220 TOTAL LOANS 1974-100 220 TOTAL DEPOSITS 180 180 140 140 100 100 60 60 NONMETROPOLITAN ARKANSAS 220 220 180 — — ” 140 140 100 60 180 100 i »111111111 «« 11 1 1■ « i «■ n Ini ii In nlnliilu 1i1■■1I■11« -1 ll.L i 111 1 1 1 n l n l i i l u n l n l n l n ■ L lilllllJ ll 60 NONMETROPOLITAN KENTUCKY 220 — ■— 180 140 100 ulnl ul n ulnluln ulnlnlii llllllllIlL 60 NONMETROPOLITAN M I S S I S S I P P I 220 ^ — — 180 140 100 ■ul.lllull! ii1■■1■11■■ ■il.illA u . iilnlniii iilnlniii 60 NONMETROPOLITAN MISSOURI 220 — 180 140 100 n lnliilu ««I m 1««1m n i l il u lu n luln ln u ln lu ln 60 NONMETROPOLITAN TENNESSEE 220 220 — 180 — — 140 140 100 60 180 100 ■ 1111111111 11111111111 11111111l 11 111111111II 11111111111 1977 1978 1979 1980 1981 LATEST DATA PLOTTED: SEPTEMBER 11l 11111111 11111111111 11111111111 11111111l 11 11111111111 1977 1978 1979 1980 1981 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 36 60 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 FROM SAME MONTHS A FROM PREVIOUS YEAR AGO 3 MONTHS JULY 1981 AUGUST 1981 SEPTEMBER 1981 195.6 196.8 197.7 4.8 6.7 180.3 215. 1 188.0 219.3 197.8 179.8 192.2 180.3 217.5 191 .0 217.4 196. 1 183.0 192.5 178.6 216.8 192.2 222.5 196.2 185.9 193.4 3.9 2.6 7.2 3.3 4.6 7.8 10.6 11.0 3.4 4.0 7.9 10.6 3.6 10.2 177.9 179.6 179.9 6.7 9.7 168.9 183.4 163.4 206.4 200.2 167.0 163.7 169.7 184.9 165.7 208.8 201.0 169.6 165.3 168.6 185.8 166.6 209.0 200.4 171 . 1 163.2 5.4 4.7 10.3 9. 1 9. 1 6.4 5.3 11.1 9.5 7.5 10.3 12.9 7.9 6.4 MEMBER BANK DATA BY S T A T E SEASONALLY ADJUSTED __________ INDEX-. 1974-1.00________ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER 1981 FROM PREVIOUS 3 MONTHS FROM SAME MONTHS YEAR Al JULY 1981 AUGUST 1981 SEPTEMBER 1981 172.4 171.1 174.8 4.0 4.3 179.8 187.3 186.3 205.2 199. 1 162.7 128.3 177.0 188.9 190.2 199.7 197.2 164.2 124.6 179.2 187.8 191.4 206.2 197.6 171.6 123.7 2.5 0.9 9.6 0.8 4.8 7.8 3.3 3.5 4.3 3.4 7.0 10.1 2.5 4.8 163.6 165.5 165.3 6.0 9.7 171.6 159.7 177.8 197.1 202.3 149.6 135.7 172.3 160.5 181.8 198.5 202.9 152.3 135.5 171.2 160.4 181.3 199.7 202.3 155.6 134.5 4.6 1.8 7.2 8.5 9.6 10.3 -6.3 7.3 8.8 8.5 9.5 13.0 13.7 6.0 TOTAL LOANS STATE S U M M A R Y (EIGHTH DISTRICT ) ARKANSAS ILLINOIS INDIANA KENTUCKY MISSISSIPPI MISSOURI TENNESSEE TOTAL DEPOSITS STATE SUMMARY (EIGHTH DISTRICT ) ARKANSAS ILLINOIS INDIANA KENTUCKY MISSISSIPPI MISSOURI TENNESSEE PREPARED BY FEDERAL RESERVE BANK OF ST. LOUI 37 FINANCIAL I NDI CATORS SAVINGS AND LOAN ASSOCIATION DATA SEASONALLY ADJUSTED INDEX: 1974-100 M IS S IS S IP P I TENNESSEE 300 300 250 — 200 250 200 150 11 100 LATEST DATA PLOTTED: SEPTEMBER 11 1 11 1 111 1977 11 11 1 11 1 11 1 1978 11 11 1 11 1 11 1 1979 11 11 1 11 1 11 1 1980 11 150 11 1 11 1 11 1 100 1981 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 38 FINANCIAL I NDI CATORS S A V I N G S AND LOAN A S S O C I A T I O N DATA SEASONALLY ADJUSTED INDEX; 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: 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-IN MISSISSIPPI MISSOURI ST. LOUIS: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR-MS COMPOUNDED ANNUAL RATES OF CHAN6E 3 MONTHS END 1N6 SEPTEMBER 1981 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS ..TEAR AQP JULY 1911 AUGUST J99I - SEPTEMBER 1981 219.0 218.6 208.4 238.6 232.3 219. 1 219.0 204.6 239.6 233.8 218.9 218.7 204.4 240.0 280.9 -2.0 -2.5 -8.6 -2.3 22.5 4.4 4.4 1.5 3. 1 10.7 219. 1 173.6 210.3 179.0 272.3 206.4 216.9 176.0 224.4 201.5 218.2 192.2 209.9 177.6 273.9 206.6 210.7 175.2 225.3 201.5 196.6 192.8 210.6 180.4 273.0 206. 1 209.6 174.6 224.9 201.7 -16.9 25.6 -0.9 -5.8 -3.6 -3.4 -10.5 -12.4 -0.5 -4.8 -1.4 -0.6 5.2 2.5 5.6 3.5 1. 1 0.6 6.0 2.4 214.0 209.4 202.0 217.3 225.6 214.1 208.8 199.0 217.4 225.2 214.1 208.7 199.5 218.6 272.7 2.5 -0.6 -2.7 0.9 28.8 6.3 3.7 3.6 3.6 8.6 207.0 169.6 209.6 192.0 231.7 200.4 207.4 185.6 217.2 184.6 207.3 187.0 209.3 191.8 232.7 199.6 202.0 183.6 216.5 184.9 186. 1 201.4 209.0 195.5 233.0 199.0 201.5 182.5 216.2 184.7 -7.8 46.7 -1 . 1 4.0 -3.0 -1.2 -6.6 -6. 1 0.2 0.0 4.3 9.7 5.6 8.2 2.6 2.7 2.4 -2.8 4.7 3.0 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: MO-1L SPRINGFIELD: MO TENNESSEE MEMPHIS: TN-AR-MS JULY 1981, AUGUST SEPTEMBER SEPTEMBER 1981 1981 1980 3,905 370 81 73 4 3,850 402 79 73 4 3,876 393 80 71 4 4,021 426 7 2 75 7 59 107 54 4 56 3 7 2 84 6 59 106 50 4 80 6 6 2 82 6 59 106 53 4 75 5 7 3 93 11 59 111 52 5 87 6 88 76 4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 39 POPULATION Bureau of the Census Compounded Annual Rates of Change '1970 I960' to to 1980 1970 1970 1980* 203,302,031 225,478,656 1.0 1.3 15,964,668 17,890,393 1.1 .8 CMV Metropolitan Areas 5,655,075 5,991,673 0.6 1.3 Arkansas FayettevilleSpringdale: AR Fort Smith: AR-OK Little Rock-North Little Rock: AR Pine Bluff: AR Texarkana: AR-TX 1,923,322 2,284,037 1.7 .7 127,846 160,421 177,013 202,367 3.3 2.4 3.3 1.7 323,296 85,329 113,488 393,781 90,761 126,531 2.0 0.6 1.1 1.7 .5 1.2 Kentucky ClarksvilleHopkinsville: KY-TN Evansville: IN-KY Louisville: KY-IN Owensboro: KY 3,220,711 3,642,795 1.2 .6 118,945 284,959 867,330 79,486 149,331 307,103 901,672 85,702 2.3 0.8 0.4 0.8 .6 .5 1.4 1.2 Mississippi 2,216,994 2,511,491 1.3 .2 Mi ssouri Columbia: MO St. Louis: MO-IL Springfield: MO 4,677,623 80,935 2,410,884 168,053 4,906,480 100,240 2,341,351 206,054 0.5 2.2 -0.3 2.1 .8 3.9 1.2 1.9 Tennessee Memphis: 3,926,018 834,103 4,545,590 909,767 1.5 0.9 1.0 1.4 United States CMV States ♦Provisional TN-AR-MS