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CENTRAL MISSISSIPPI VALLEY ECONOMIC INDICATORS M jy f 3RD QUARTER 1982 Prepared by Federal Reserve Bank of St. Louis Released: December 17, 1982 DATA DESCRIPTION Selected economic data for the Central Mississippi Valley (CM 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 CMV. Metropolitan areas refer to the 1973 SMSA definitions, except where noted, and states in some cases refer only to the Eighth District portion of the state. The latest data for some series are preliminary and will be revised as final figures are received. Income and Trade Indicators Personal income data are from the U.S. Department of Commerce. agricultural data are from the U.S. Department of Agriculture. A ll Employment Indicators Employment data are from the respective state Employment Security Offices and the United States Department of Labor. Data for Memphis include only Shelby and Tipton counties in Tennessee and Crittenden County in Arkansas. Total employment, unemployment, and labor force are based on household (place-of-residence) data. Payroll employment data, which include manufacturing, nonmanufacturing, and hours and earnings in manufacturing, are based on establishment (place-of-work) data. Production and Price Indicators Consumer price indices are from the U.S. Department of Labor. The series Value of Construction Contracts Let are from Dodge Construction Potentials, M cGraw-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 not strictly comparable over time due to withdrawals and additions of 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 of Arkansas, and for St. Louis include only St. Louis City and St. Louis County in Missouri, and Clinton, Madison, Monroe, and St. Clair counties in Illinois. 2 SUM MARY OF C E N T R A L MISSISSIPPI VALLEY ECONOM IC ACTIVITY Economic activity in the Central Mississippi Valley (CM V) continued to reflect the forces of the national recession, which began in July 1981. Over the past year, employment in both the manufacturing and nonmanufacturing industries continued to decline. Housing permits, on the other hand, started to rise. Payroll employment from the second to the third quarter decreased at a 2.9 percent annual rate in the nation, a 2.7 percent rate in the CMV states, and a 2.1 percent rate in the CMV metropolitan areas. As shown in the accompanying table, declines for the CMV over the past year have paralleled declines in the year ending third quarter 1980. Among the CMV states, the recession appears to have affected Kentucky and Mississippi most severely. The decline in manufacturing employment has been particularly pronounced in the CMV during the recent recession. For the CMV states, employment declined in all individual industries, including construction, lumber and furniture, electrical equipment, etc. One positive sign during the past year is that housing permits rose 28.6 percent in the CMV metropolitan areas, 20.4 percent in the CMV states, and 11.4 percent in the nation. Residential construction in the third quarter was up 3.2 percent from a year ago, while nonresidential construction declined 3.0 percent. — Thomas A. Pollmann PA YR O LL EM PLOYM ENT (percent change for year ending in quarter indicated) ____________Payroll____________ ________ Manufacturing m /82 111/80 UI/82 -0.2% -8.8% UI/81 2.6% III/80 -5.3% UNITED STATES -2.2% CMV STATES Arkansas Kentucky Mississippi Missouri Tennessee -2.5 -2.4 -4.7 -3.5 -0.9 -2.4 0.4 0.6 -0.4 -0.5 0.7 0.9 -3.2 -2.2 -4.7 -1.9 -3.2 -2.9 -7.5 -8.9 -11.0 -7.9 -4.6 -7.4 2.8 4.4 3.1 3.2 -0.5 4.7 -7.5 -6.7 -9.7 -8.1 -7.8 -6.2 CMV CITIES Fort Smith Little Rock Pine Bluff Louisville St. Louis Evansville Springfield Memphis -2.4 -6.6 -0.8 -2.4 -4.2 -1.9 -3.1 -2.1 -2.7 -0.7 1.9 -0.3 -3.3 -1.8 -0.8 -0.3 3.3 -0.3 -2.6 -0.4 -0.5 -0.8 -3.6 -3.3 -3.0 0.4 -1.9 -8.6 14.8 -11.2 -14.7 -13.8 -5.2 -9.0 -7.4 -9.0 -0.4 14.9 -1.4 3.3 -1.8 -2.3 -0.9 8.2 1.4 -8.4 -14.8 -5.5 -0.6 -10.3 -8.4 -5.6 -7.3 -6.6 1.6% III/81 3 INCOME AND TRADE INDICATORS PERSONAL INCOME SEASONALLY ADJUSTED INDEX: 1971-100 1971-100 1971-100 M ISSISSIPP I TENNESSEE 4 INCOME AND TRADE INDICATORS PERSONAL INCOME SEASONALLY ADJUSTED I NDEX: COMPOUNDED ANNUAL RATES OF CHANGE 1971-100 1ST QTR 1 98 2 TO 2ND QTR 1 982 2ND QTR 1981 TO 2ND QTR 1 982 1ST QUARTER 1982 2ND QUARTER 1 98 2 289.9 294.9 7.0 7.2 291 . 4 296.3 6.8 6.8 ARKANSAS 318.7 329.5 14.2 6.5 KENTUCKY 296.8 295.2 -2.2 6.6 M IS S IS S IP P I 309.0 316.2 9.7 6.5 MISSOURI 266. 1 272.0 9.2 7.6 TENNESSEE 302.1 307.0 6.7 6.3 UN ITED STATES CMV S T A T E SUMMARY STATE SUMMARY-PERSONAL INCOME COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER 1971*100 IN IT IA L QUARTER 4 -7 7 1-78 4 -7 7 12.6 1 00 3 -7 7 9 .7 6 .8 2 -7 8 12.5 12.4 1 8.4 3 -7 8 12.7 12.8 15.9 2 -7 8 3 -78 4 -7 8 1 -79 2 -7 9 3 -7 9 1-80 4 -7 9 2 -8 0 3 -80 4 -8 0 1-81 2 -8 1 3 -8 1 4 -8 1 1 -8 2 194.3 197.5 206 .0 1 3 .4 212.6 12.7 12.8 14.8 1 3.1 12.8 1 -7 9 12.9 12.9 14.5 1 3 .3 13.2 1 3.6 12.0 11.9 1 3.0 1 1 .7 1 1.1 1 0.3 3 -7 9 12.2 12.1 13.0 1 2 .0 1 1.6 11.2 10.1 13.1 4 -7 9 11.9 11.8 12.6 1 1 .6 1 1.3 1 0 .9 1 0 .0 1 1.5 10.0 1 -8 0 11.2 11.0 11.5 1 0 .6 10.1 9 .6 8 .6 9 .1 7 .2 4 .5 2 -8 0 10.2 1 0.0 10.3 9 .3 8 .8 8 .1 7 .0 7 .0 5 .1 2 .7 219.1 226.2 230.1 7 .1 2 3 7 .3 2 43 .0 2 4 5 .7 2 4 6 .3 1 0.7 10.5 10.9 1 0.1 9 .7 9 .3 8 .5 8 .8 7 .8 7 .1 8 .4 1 6.3 1 0.8 1 0.6 1 1.0 1 0 .3 9 .9 9 .6 9 .0 9 .3 8 .6 8 .2 9 .5 1 4 .0 1 1.7 1 -8 1 1 1.2 11.1 1 1.4 • o 10.6 1 0.3 9 .9 1 0 .4 9 .9 9 .9 1 1.3 1 4 .9 14.2 16.8 * 2 -8 1 10.8 1 0.7 11.0 1 0 .4 10.2 9 .9 9 .5 9 .8 9 .3 9 .2 • o CM 1 2.6 11.4 1 1 .3 6 .0 3 -8 1 1 1.0 1 0.9 1 1.2 1 0 .7 10.5 1 0 .3 9 .9 1 0 .3 9 .9 9 .9 1 0.8 1 2.9 12.1 1 2 .2 1 0 .0 1 4 .1 4 -8 1 1 0.6 10.5 10.8 1 0 .3 1 0.0 9 .8 9 .4 9 .7 9 .3 9 .2 9 .9 1 1 .5 10.5 1 0 .2 8 .1 9 .2 4 .5 1 -8 2 10.2 1 0 .0 1 0 .2 9 .7 9 .4 9 .2 8 .8 9 .0 8 .6 8 .4 1 0.1 9 .1 8 .5 6 .6 6 .8 3 .3 2 .1 2 -8 2 1 0 .0 9 .8 1 0.0 9 .5 9 .3 9 .0 8 .7 8 .8 8 .4 8 .3 8 .7 9 .7 8 .8 8 .3 6 .6 6 .8 4 .5 4 .5 6 .9 3 -7 7 4 -7 7 1-78 2 -7 8 3 -7 8 4 -7 8 1 -7 9 2 -7 9 3 -7 9 4 -7 9 1 -80 2 -8 0 3 -8 0 4 -8 0 1-81 2 -8 1 3 -8 1 4 -8 1 1 -8 2 CO 3 -8 0 4 -8 0 • 1 .0 GO £ i N 4 -7 8 255 .8 2 6 3 .0 2 73 .4 277 .4 2 8 6 .7 2 89 .9 2 9 1 .4 2 9 6 .3 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS DECEMBER. 1982 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 INCOME AND TRADE INDICATORS FARM CASH R E C E I P T S SEASONALLY ADJUSTED INDEX: 1 9 7 1 - 1 0 0 1971-100 1971-100 A R KANS AS KENTUCKY M ISSISSIPP I 450 350 250 1 50 50 MISSOURI 450 350 250 150 50 6 INCOME AND TRADE INDICATORS FARM CASH R E C E I P T S SEASONALLY ADJUSTED _____________ I NDEX: 1 9 7 1 - 1 00__________ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDI NG AUGUST 1982 FROM SAME MONTHS A YEAR AGO JUNE 1 98 2 JULY 1982 AUGUST 1982 282.0 274.3 288.9 2.2 1.5 315. 1 274.4 255.8 79.4 -8. 1 ARKANSAS 370.7 227.3 255.9 2.0 -17.0 KENTUCKY 296.8 329.0 288.2 22.7 0.6 M IS S IS S IP P I 323.8 184.0 211.7 124.1 -8.6 M ISSOURI 284.0 271.2 272.3 33.9 -7. 1 TENNESSEE 296.3 255.9 265.3 126.6 -3.6 UN ITED STATES CMV S T A T E SUMMARY FROM PREVI OUS 3 MONTHS STATE SUMMARY-FARM CASH RECEIPTS COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL_______________________________________________________________________ IN IT IA L QUARTER_________________________________________________________________________ 1971*100 QUARTER 2 -8 0 3-80 4 -8 0 4 -8 1 1 -82 4 -7 9 1-80 1-81 2 -8 1 3 -8 1 4 -7 7 2 -7 8 3 -7 8 4 -7 8 1-79 2 -7 9 3 -7 9 1-78 3 -7 7 198.8 4 -7 7 2 2 .7 1 -7 8 3 7 .4 5 3 .8 2 -7 8 2 9 .3 3 2 .8 1 4 .7 3 -7 8 17.1 1 5.3 -0 .2 -1 3 .1 4 -7 8 18.6 1 7 .7 7 .6 4 .2 2 5 .0 1 -7 9 2 2.1 2 2 .0 15.1 1 5 .2 3 2 .7 4 0 .8 2 -7 9 15.8 1 4.7 8 .2 6 .6 14.1 9 .0 2 2 1 .4 229.1 2 21.2 3 *7 9 13.0 1 1 .7 5 .9 4 .3 9 .1 4 -7 9 1 3.5 1 2 .5 7 .5 6 .4 10.8 233.9 254.8 -1 5 .6 4 .3 -1 0 .2 7 .5 -1 .8 244.2 2 41 .4 -4 .5 6 .0 1 7 .6 251 .4 1 -8 0 1 1.4 1 0 .2 5 .7 4 .5 7 .7 4 .6 -2 .9 1 .7 4 .9 2 -8 0 7 .9 6 .5 2 .2 0 .8 2 .9 -0 .4 -7 .0 -4 .8 -4 .8 -6 .4 3 -8 0 14.6 1 3 .9 1 0 .6 1 0 .1 1 3.4 11.9 7 .7 1 3.0 17.9 4 -8 0 9 .5 8 .5 5 .1 4 .2 6 .3 4 .2 -0 .2 2 .7 4 .2 1 .0 3 .6 1 -8 1 5 .7 4 .4 1 .1 -0 .0 1 .4 -0 .9 -5 .2 -3 .6 -3 .5 -7 .2 -7 .4 2 47 .3 -1 4 .4 -2 1 .7 1 8.0 2 32.6 2 84.6 3 2 .4 124.1 19.2 -3 6 .6 -2 .1 -3 5 .3 254 .0 - 3 3 .9 2 29 .0 2 -8 1 1 0.0 9 .1 6 .3 5 .6 7 .5 5 .9 2 .6 5 .1 6 .6 4 .8 7 .2 16.0 -6 .9 1 2.8 9 2 .7 3 -8 1 1 1.8 1 1 .1 8 .6 8 .1 10.1 8 .9 6 .1 8 .8 1 0 .6 9 .7 1 2.6 2 1 .1 3 .8 2 2 .3 6 6 .4 4 -8 1 9 .1 8 .3 5 .8 5 .2 6 .7 5 .3 2 .6 4 .6 5 .7 4 .3 5 .9 1 1.3 -3 .2 7 .6 2 6 .6 1 -8 2 6 .5 5 .6 3 .2 2 .4 3 .7 2 .2 -0 .5 1 .0 1 .5 -0 .1 0 .7 4 .4 -8 .1 -1 .0 9 .5 2 -8 2 7 .8 7 .1 4 .8 4 .2 5 .5 4 .2 1 .8 3 .4 4 .2 2 .9 4 .0 7 .8 -2 .9 4 .2 1 4.2 3 -7 7 4 -7 7 1-78 2 -7 8 3 -7 8 4 -7 8 1-79 2 -7 9 3 -7 9 4 -7 9 1-80 2-8 0 3-8 0 4 -8 0 1-81 2 69.8 4 3 .7 2 9 5 .4 2 .6 - 2 6 . 7 -9 .3 0 .1 - 1 1 . 2 2 -8 1 273 .3 -2 7 .9 -2 9 .1 3 -8 1 2 50.8 -2 .3 3 4 .7 4 -8 1 1 -8 2 270.2 IN IT IA L QUARTER PREPAREO BY FEDERAL RESERVE BANK OF S T . LOUIS DECEMBER* 1982 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 EMPLOYMENT INDICATORS TOTAL EMPLOYMENT SEASONALLY ADJUSTED INDEX: 1 9 7 1 - 1 0 0 1971-100 1971 100 135 125 I 15 105 95 A R KANS AS KENTUCKY M IS S IS S IP P I MISSOURI TENNESSEE 8 EMPLOYMENT INDICATORS TOTAL EMPLOYMENT SEASONALLY ADJUSTED _____________ I NDEX: UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT S M I T H : AR-OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR P I N E B L U F F : AR KENTUCKY EVANSVILLE: LOUISVILLE: 1N - K Y K Y -IN MISSISSIPPI MISSOURI S T . L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE MEMPHI S: TN-AR 1 9 7 1 - 1 0 0 __________ JULY 1 982 AUGUST 1 98 2 SEPTEMBER 1 98 2 125.7 125.8 125.7 COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDI NG SEPTEMBER 1982 FROM PREVI OUS 3 MONTHS FROM SAME MONTHS A YEAR AGO -0.9 0.0 119.3 119.5 120.0 1.3 -2. 1 114.8 115.5 115.4 3.2 -1.5 129.4 127.7 129. 1 129.8 130.4 130.4 3.8 7.4 -2.2 -6.0 136.3 123.5 137.5 123.6 138.8 124.3 8.6 6.0 -1.0 -2.5 121.6 121.3 110.2 123.5 122.0 112.3 125.3 122.9 113.4 8.5 3.3 8.7 -2.4 -1.8 -3.0 124.0 122.9 123.5 -12.8 113.6 111.8 138.9 113.0 111.7 138.9 111.8 110.3 136.7 -4. 1 -1.1 -2.3 -0.7 -0.7 -0.4 117.3 109.5 118.3 109.8 119.6 112.0 8.2 8.8 -2.1 -1 . 1 -4.3 STATE SUMMARY—TOTAL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL_______________________________________________________________________ IN IT IA L QUARTER_________________________________________________________________________I9 7 I>1 0 0 QUARTER 1-62 1-81 2-81 4 -8 1 1-80 2 -8 0 3-81 2 -8 2 4 -7 7 1-78 3 -7 8 4 -7 8 2 -7 9 3 -7 9 4 -8 0 2 -7 8 1-79 4 -7 9 3 -8 0 117.7 1 -7 8 -1 .3 2 -7 8 0 .8 3 .1 3 .4 118.6 119.7 3 -7 8 1 .8 4 -7 8 2 .3 3 .5 1 -7 9 2 .0 2 .8 2 .7 2 .2 0 .7 2 -7 9 2 .0 2 .7 2 .6 2 .2 1 .5 2 .3 3 -7 9 2 .1 2 .7 2 .6 2 .3 1 .9 2 .5 2 .7 4 -7 9 2 .1 2 .5 2 .5 2 .2 1 .8 2 .2 2 .1 1 .6 1 -8 0 1 .8 2 .2 2 .1 1 .8 1 .5 1 .7 1 .4 0 .8 3 .8 3 .7 120.8 3 .7 121.0 121.7 122.5 1 23.0 123.0 0 .0 122.1 2 -8 0 1 .3 1 .6 1 .5 1 .1 0 .7 0 .7 0 .3 -0 .4 -1 .5 -2 .9 3 -8 0 0 .9 1 .1 0 .9 0 .5 0 .1 0 .0 -0 .5 -1 .2 -2 .2 -3 .2 -3 .6 121.0 1 .0 1 .2 1 .0 0 .7 0 .4 0 .3 0 .0 -0 .5 -1 .1 -1 .4 -0 .7 2 .3 1 -81 1 .4 1 .6 1 .5 1 .2 1 .0 1.0 0 .8 0 .5 0 .3 0 .3 1 .4 4 .0 5 .7 2 -8 1 0 .8 1 .0 0 .8 0 .6 0 .3 0 .2 -0 .0 -0 .4 -0 .8 -0 .9 -0 .4 0 .7 -0 .2 -5 .7 3 -8 1 0 .9 1 .1 0 .9 0 .7 0 .4 0 .4 0 .2 -0 .1 -0 .4 -0 .4 0 .1 1 .0 0 .5 -1 .9 4 -8 1 0 .9 1 .0 0 .9 0 .6 0 .4 0 .4 0 .2 -0 .1 -0 .3 -0 .4 0 .1 0 .8 0 .4 -1 .3 1 .0 0 .0 M 00 1 121.7 4 -8 0 0 .5 0 .6 0 .4 0 .2 -0 .1 -0 .1 -0 .3 -0 .6 -0 .9 -1 .0 -0 .7 -0 .2 -0 .7 -2 .3 -1 .1 -2 .6 -5 .1 2 -8 2 0 .2 0 .3 0 .1 -0 .1 -0 .4 -0 .5 -0 .7 -1 .0 -1 .2 -1 .4 -1 .2 -0 .9 -1 .4 -2 .7 -2 .0 -3 .3 -4 .8 —4 . 6 3 -8 2 0 .3 0 .4 0 .2 -0 .0 -0 .3 -0 .3 -0 .5 -0 .8 -1 .0 -1 .1 -0 .9 -0 .6 -1 .0 -2 .1 -1 .3 -2 .1 -2 .8 -1 .7 1 .3 4 -7 7 1-78 2 -7 8 3 -7 8 4 -7 8 1-79 2 -7 9 3 -7 9 4 -7 9 1-80 2 -8 0 3 -8 0 4 -8 0 1-81 2 -81 3 -8 1 4 -8 1 1 -8 2 2 -8 2 123 .4 121.6 2 .0 122.2 122.2 120.6 119.2 119.6 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS DECEMBER. 1982 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 EMPLOYMENT INDICATORS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT PERCENT A R KANS AS 16 16 ___ 12 ___ — 12 — — 8 i . 8 4 1 1 1 M 0 1 1 1 1 L-l- i i 1 i i 1 i i 1 I i 1 1 1 11 1 1 L 1 L I - i i 1 i- i..l- 1 - i 1 L a - 1 1 1 l. 1 L . 1 . 1 1 L -t ................... I i I i 1 1 L 4 ....................... 0 KENTUCKY q l i i 1 i i I i i 1 i i i i I i i 1 i i I i i i i I i i I i i I J j i i I i i 1 i i I i i i 1 i i 1 i i i i i I i t 1 i i 1 i i i i 1 i i 1 1 i 1 i i M ISSISSIPP I MISSOURI 16 12 8 4 0 TENNESSEE 10 EMPLOYMENT INDICATORS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT MONTHLY AVERAGE 3 MONTHS ENDI NG UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT S M I T H : AR- OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR P I N E B L U F F : AR KENTUCKY EVANSVILLE: LOUISVILLE: IN-KY KY-IN MISSISSIPPI MISSOURI JULY AUGUST SEPTEMBER SEPTEMBER JUNE 1 982 1982 1 98 2 1 982 1982 9.8 9.8 10. 1 9.9 9.5 10.2 10.8 11.5 10.8 10.0 9.7 9.5 10.2 9.8 9.4 9.7 11.6 10.6 10.8 10.7 10.8 10.3 11.1 9.8 11.6 8. 1 10.9 8.4 11.6 8.2 11.8 8.3 11.4 8. 1 10.4 10.9 8.0 11.5 11.2 8.4 11.1 12. 1 9.7 12.0 11.4 8.7 11.5 10.7 8.6 11.6 11.2 12.5 13.0 12.2 10.3 9.7 10.2 8.2 9.2 9.7 7.7 8.4 9.2 6.7 12.6 10.0 11.6 9.6 11.1 9. 1 8.9 9.6 8. 1 ST. L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE ME MP HI S: T N -A R 10.4 9.2 9. 1 9.4 7.0 11.8 9.6 C I V I L IAN LABOR FORCE SEASONALLY ADJUSTED _________ THOUSANDS OF PERSONS JULY 1982 UNITED STATES CMV STATE SUMMARY CMV METROPOLITAN SUMMARY ARKANSAS FORT S M I T H : AR-OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR P I N E B L U F F : AR KENTUCKY EVANSVILLE: LOUISVILLE: IN-KY K Y -IN MISSISSIPPI MISSOURI S T. L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE ME MP HI S: TN-AR AUGUST 1 982 SEPTEMBER 1 98 2 110,521.9 110,643.9 110,980.0 8,111.8 8,183.3 2,536.2 2,543.4 1,012.8 86. 1 195.4 40. 1 COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDI NG SEPTEMBER 1982 FROM PREVI OUS 3 MONTHS FROM SAME MONTHS A YEAR AGO 2.9 1.9 8,280.8 4.9 0.8 2,562.6 5.0 0.3 1,021.7 86.8 1,032.6 87.2 6.3 4.7 -0.8 -3.5 197.8 40.5 199.3 40.8 9.4 11.6 -0.6 -1.5 1,630.2 143.5 424.2 1,660.4 144.9 430.7 1,703.4 148.2 438.9 11.5 3.7 8.4 1 .5 -1.3 0.5 1,038.1 1,044.7 1,055.3 -4.8 0.2 2,339.8 1,132.9 110.5 2,332.2 1,129.4 109. 1 2,321.9 1,125.0 108.8 -0.8 1.5 2.2 1. 1 0.9 1 .7 2,075.7 404.2 2, 1 2 9 . 3 406.8 2,170.3 417.0 10.5 10.6 1 .0 0.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS EMPLOYMENT INDICATORS AVERAGE HOURLY E A R N I N G S MANUFACTURING SEASONALLY ADJUSTED AVERAGE WEEKLY HOURS WORKED MA N U F A C T U R I N G SEASONALLY ADJUSTED DOLLARS PER HOUR HOURS PER WEEK 111 KENTUCKY — — i 11111111111 -u ln J j.il ii n 1II 1111II J l l l l l l l l . i l Ti b ik ilu - _L1±Lj-L iiL .i. ■11111ii 111 -llL i l l i Li i .ii Lu.l 11 l.i r M ISSISSIPP I TENNESSEE — — — l 11111111111 11111111111 1978 1979 II 111111111 II 1980 111111111 11111111111 1981 LATEST DATA PLOTTED; SEPTEMBER 11111 111111 11111111111 11111111111 11111111111 1978 1982 1979 1980 1981 T p * "" y V " 1 98 2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 12 EMPLOYMENT INDICATORS AVERAGE HOURLY EARNINGS - MANUFACTURING SEASONALLY ADJUSTED ____________ DOLLARS PER HOUR__________ 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 S M I T H : AR-OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR P I N E B L U F F : AR KENTUCKY LOUISVILLE: K Y -IN M IS S IS S IP P I MISSOURI S T . L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE M EMP HI S: T N - A R COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDI NG SEPTEMBER 1982 FROM PREVI OUS 3 MONTHS JULY 1982 AUGUST 1 98 2 SEPTEMBER 1982 8.55 8.51 8.59 4.5 FROM SAME MONTHS A YEAR AGO 5.7 7.55 7.58 7.60 3.3 6.2 9.00 9.09 9. 1 1 1.6 5.6 6.73 6.76 6.72 6.98 6.76 6.92 5.3 16. 1 6.4 6. 1 7.75 8.69 7.74 8.80 7.58 9.06 -3.0 18.5 7.8 13.6 8.38 9.66 8.38 9.64 8.38 9.80 1.8 2.6 5.4 4.4 6.42 6.47 6.48 5.0 6.5 8.53 9.65 7.22 8.54 9.76 7.27 8.52 9.72 7.66 3.6 3.7 -2.4 7.0 6.8 -0.2 7.14 7.41 7.18 7.67 7.22 7.71 3. 1 -10.5 5.5 1.0 AVERAGE WEEKLY HOURS WORKED - MANUFACTURING SEASONALLY ADJUSTED MONTHLY AVERAGE 3 MONTHS ENDI NG HOURS PER WEEK 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 S M I T H : AR- OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR P I N E B L U F F : AR KENTUCKY LOUISVILLE: K Y -IN M IS S IS S IP P I M ISSOU RI S T. L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE ME MP HI S: T N -A R JULY 1982 AUGUST 1 982 SEPTEMBER 1 982 SEPTEMBER 1 982 JUNE 1982 39.2 39.0 38.7 39.0 39. 1 39.3 38.9 38.7 39.0 38.9 40.4 39.4 38.6 39.5 39.5 39.4 38.8 38.6 37.0 38.3 36.7 38.7 37.5 39.0 37.6 39.6 41 . 3 39.9 39.6 39.0 40.3 39.5 40.4 38.7 42.0 38.6 39.9 39.0 39.6 38.3 39.4 38.6 39.7 38.4 40.0 39.0 38.8 38.4 38.8 39. 1 39.4 40.5 38.5 38.5 39.6 39.6 38.2 38.3 38.4 38.7 39.5 38.8 39.0 39.2 41.0 39.4 40.3 39.3 39.3 39.4 38.5 39.4 39.4 38.9 40.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 13 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT - SE LE C TE D IN D U S TR IE S * SEASONALLY ADJUSTED INDEX: CHEMICAL, 1972-100 1 50 130 I 10 u.s. — ____ I972-IO O PETROLEUM, AND RUBBER PRODUCTS 1i — STATES ■S.— 1972-100 150 Z - - ’9m‘ wm----------- 110 90 70 130 90 ~T Ili i l i i li i . , l . . I . , I . . . . I . . I . . i , . .1 1 1 1 1 L i L J 1 1 1 1 1 1 1 l-L 1 .1 1 1 . ■.....................I ■■ ■ ■1 ■■l ■■1 ■■ 70 CONSTRUCTION ELECTRICAL EQUIPMENT 150 1 30 I 10 90 70 LUMBER AND F U R N I T U R E 150 130 110 90 70 TEXTILE, APPAREL, AND L EA T HER 1 50 1 30 110 90 70 I4 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT - SE LE C TE D IN D U S T R IE S * SEASONALLY ADJUSTED _____________ I NDEX: JULY 1982 1 9 7 2 = 1 0 0 __________ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDI NG SEPTEMBER 1982 AUGUST 1 982 SEPTEMBER 1 982 FROM PREVI OUS 3 MONTHS FROM SAME MONTHS A YEAR AGO UN ITED STATES C H E M I C A L , PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION E L E C T R I C A L EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND F U RN IT UR E T E X T I L E , A P PA RE L, AND LEATHER 107.5 101 . 0 111.3 94. 1 87. 1 107.6 100.3 110.9 93.3 87.4 107.3 99.8 110.0 93.4 87.4 -3.6 -5.0 -4.6 “2;5 -1.4 77.9 78.4 78.3 -9.2 -10.2 CMV S T A T E SUMMARY C H E M I C A L , PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION E L E C T R I C A L EQUIPMENT FOOD AND K INDRED PRODUCTS LUMBER AND FURN ITUR E T E X T I L E , A P PA RE L, AND LEATHER 111.0 99.0 101.0 103.6 81 . 6 110.0 98.4 102.1 103.0 81 . 2 109.6 99.4 101 . 0 103.7 80.2 -5.3 -16.3 0.0 -1.5 -6.6 -6.7 -4.2 -10.1 -0.3 -9.4 81 . 1 77.2 77.3 -10.9 -12. 1 85.3 115.6 135.2 73.9 131.3 84. 1 119.2 135.4 73.6 129.3 83.7 122.6 137.2 72.8 128.6 -8.5 7.4 2. 1 -18.7 0.0 -13.2 -15. 1 5.0 -12.8 -1.8 74.9 70.3 -11.9 -13.6 126.0 75. 1 66.8 88.9 115.6 125.9 75.3 68. 1 85.8 113.2 125.9 76.4 66.7 86.2 111.1 0.0 -22.2 -1.8 -6.6 -26.6 -8.4 -14.6 -16.9 -5. 1 -15.3 82.8 78.6 80.5 3.5 -7.8 104.8 126. 1 116.2 85.8 104.5 121.1 116.8 85. 1 106.8 1 19. 1 117.6 84.8 -16.0 -0.7 -3.3 -4.6 -8.5 -9.7 -0.9 -11.1 91 . 1 92.8 89.8 89.7 87.4 88.3 -5.6 -14.5 -8.3 0.8 122.2 113.7 88.3 101.7 122.7 113.6 88.4 103.2 2.0 -10.0 -0.9 -2.7 2.3 -7.6 -0.8 -2.5 73.7 86.3 -4.8 36.3 -7.6 4. 1 -7.0 1 .7 -1.2 -8.5 0.7 ARKANSAS CONSTRUCTION E L E C T R I C A L EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURN ITUR E PAPER AND P R I N T I N G T E X T I L E , A P PA RE L, AND LEATHER KENTUCKY C H E M I C A L , PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION E L E C T R I C A L EQUIPMENT FOOD AND KINDRED PRODUCTS N ONE LE CTR ICA L MACHINERY T E X T I L E , A P PA RE L, AND LEATHER M IS S IS S IP P I CONSTRUCTION E L E C T R I C A L EQUIPMENT FOOD AND KINDRED PRODUCTS LUMBER AND FURN ITUR E T E X T I L E , A P PA RE L, AND LEATHER TRANSPORTATI ON EQUIPMENT M ISSOU RI CONSTRUCTION E L E C T R I C A L EQUIPMENT FOOD AND KINDRED PRODUCTS PAPER AND P R I N T I N G T E X T I L E , A P PA RE L, AND LEATHER TRANSPORTATION EQUIPMENT 122.5 109.7 88.6 102.5 73.2 88.7 73. 1 90.6 69. 1 -5.0 -5.9 -5. 1 -1.9 -7.9 TENNESSEE C H E M I C A L , PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION FOOD AND KINDRED PRODUCTS LUMBER AND FURN ITUR E PAPER AND P R I N T I N G T E X T I L E , A P PA RE L , AND LEATHER 105.2 98.2 103.4 82.3 122.5 104.2 96.6 103.8 80.3 119.0 103.9 98.4 104.3 79.3 120.2 -7.3 -27.3 -0.8 -7.6 -6. 1 105.5 97.8 97.7 -18.9 -16.3 $ ALL CATEGORI ES ARE MANUFACTURING EXCEPT CONSTRUCT ION. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUI S 15 EMPLOYMENT INDICATORS MANUFACTURING EMPLOYMENT NONMANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED IN D EX : 1972-100 1972-100 160 1 40 120 100 80 A R KANS AS M ISSISSIPP I 160 160 - 140 — - — 140 ^ — ’ - 120 120 100 80 100 -LI 1111It 111 n l u l i i l i i ■i i L ■ I n i n 11111111111 » 11n 11111» j 1 1 1 1 1 1 1 1 11 1 1 1 1 1 1 1 1 1 11 _i.i 11 l Li i 111 ■11■11111M TENNESSEE 1 60 140 i i 1j i 1i i 1i i — — 120 _ 100 80 11111111111 11111111111 11111111111 11111111111 11111111111 1978 1979 1980 1981 1 98 2 LATEST DATA PLOTTED: SEPTEMBER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 16 80 EMPLOYMENT INDICATORS M A N U FA C TU R IN G EMPLOYMENT SEASONALLY ADJUSTED I NDEX: 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 S M I T H : AR- OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR P I N E B L U F F : AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE: K Y -IN M IS S IS S IP P I MISSOURI S T. L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE M EMP HI S: T N - A R 1 9 72 * * 1 0 0 AUGUST 1 98 2 JULY 1 98 2 COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDI NG SEPTEMBER SEPTEMBER 1982 FROM PREVI OUS 3 MONTHS FROM SAME MONTHS A YEAR AGO 98.2 97.7 97.1 -7.4 -8.7 96.8 96.5 95.4 -3.3 -7.5 84.5 84.8 83.3 -6.4 -8.6 105.5 101.4 104.6 105.7 104.4 106.2 -5.5 6.4 -8.9 -14.8 93.5 94.0 93.8 92.3 92.0 92.5 -8.9 -19.9 -11.2 -14.7 93.2 90.0 75.2 91 . 9 89.3 73.9 90.3 88.9 72.6 -5. 1 -10.1 -15.6 -11.0 -9.0 -13.8 100.4 99.0 98.0 -8.0 -7.9 92.2 83.5 92.9 92.7 84.4 93.9 92.0 83.2 92.9 -3.4 -2.4 -8.5 -4.6 -5.2 -7.4 97.9 88.3 97.9 87.3 96.8 86.5 -1.2 -9. 1 -7.4 -9.0 NO NMANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED _____________ I NDEX: UN ITED STATES CMV S T A T E SUMMARY CMV M E T R O P O L I T A N S UMMARY ARKANSAS FORT S M I T H : AR- OK L I T T L E ROCK-NORTH L I T T L E ROCK: AR P I N E B L U F F : AR KENTUCKY EVANSVILLE: IN-KY LOUISVILLE: K Y -IN M IS S IS S IP P I MISSOURI S T . L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE M EMP HI S: T N - A R I 9 7 2 - I O O __________ JULY 1 982 AUGUST 1 98 2 SEPTEMBER 1 98 2 COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDI NG SEPTEMBER 1982 FROM PREVI OUS 3 MONTHS FROM SAME MONTHS A YEAR AGO 129.7 129.5 129.5 -1.8 -1 . 1 126.5 125.8 126.2 -2.8 -0.8 122.4 122.2 122.5 -1 .3 -0.7 132.8 139.8 132.8 139.3 133.4 141.6 2. 1 3.2 -2.4 136.9 130.4 137.9 131.2 139. 1 129.8 5. 1 0.6 1.3 0.7 122.7 132.4 121.1 122.0 132.0 120.6 123.0 132. 1 120.8 -10.9 -2. 1 -2.6 -2.9 -0.8 -1.0 131.9 131.0 132.7 -3.8 -2.0 122.6 117.9 145.0 122.7 117.7 143.7 122.9 117.8 143.9 0.7 -1.7 4.3 -0.9 -0.6 127.9 118.5 127.4 118. 1 127.6 118.9 -4.6 -2.3 -0.4 -1.3 0. 1 0.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 17 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED I N DE X: 1972-100 1972-100 1972-100 ARKANSAS 135 125 1 15 105 95 KENTUCKY M ISSISSIPP I MISSOURI TENNESSEE 18 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED I N DE X : 1972-100 1972-100 1972-100 135 125 115 105 95 MEMPHIS: TN-AR 1 35 125 I 15 1 05 95 19 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED _____________ I NDEX: U N ITED STATES CMV S T A T E S UMMARY CMV M E T R O P O L I T A N S UMMARY ARKANSAS FORT S M I T H : 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 EVANSVILLE: IN-KY L O U I S V I L L E : K Y - 1N M IS S IS S IP P I M ISSO U R I S T . L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE MEMPHI S: T N - A R COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDI NG SEPTEMBER 1982 1972-100 FROM SAME MONTHS A YEAR AGO JULY AUGUST SEPTEMBER 1982 1982 1982 FROM PREVI OUS 3 MONTHS 121.5 1 1 7. 6 111.8 124. 1 1 25 . 5 1 21 . 2 117. 1 111.8 123.9 126.0 121 . 1 1 17 . 2 1 11 . 4 1 24 . 3 127.5 -2.9 -2.7 -2.1 0.6 1.6 -2.2 -2.5 -2.4 -2.4 -6.6 128.0 122.0 114 . 7 117.6 106.3 122.0 1 14 . 7 108.0 129.8 118. 1 1 12 . 4 128.8 1 22 . 3 113.9 117.0 106. 1 1 20 . 7 114.8 108.0 129.9 117.3 111.8 1 29 . 4 121.0 1 14 . 3 1 1 6. 9 105.0 121 . 7 114.8 1 07 . 7 130. 1 117.0 1 12 . 4 2.8 -1.9 -9.2 -3.7 -4.4 -4.8 -0.8 -2.4 -4.7 -3. 1 -4.2 -3.5 -0.9 -1.9 -2.1 -2.4 -2.7 0.0 -2.2 0.9 -3.3 -3.5 STATE SUMMARY-TOTAL PAYROLL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER 1972=100 IN IT IA L QUARTER 4 -7 7 1-78 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 1-81 2-81 3 -8 1 4 -8 1 1 -8 2 2 -8 2 117.1 1 -7 8 3 .1 2 -7 8 6 .3 9 .5 3 -7 8 5 .7 6 .9 119.8 4 .4 121.1 122.1 4 -7 8 5 .1 5 .7 3 .9 3 .3 1 -7 9 4 .4 4 .7 3 .1 2 .5 1 .6 2 -7 9 4 .1 4 .3 3 .1 2 .7 2 .3 3 .0 3 -7 9 3 .6 3 .7 2 .6 2 .1 1 .8 1.8 4 -7 9 3 .0 3 .0 1 .9 1 .5 1 .0 0 .8 -0 .3 -1 .3 1 -8 0 2 .5 2 .4 1 .4 0 .9 0 .5 0 .2 -0 .8 -1 .4 -1 .6 2 -8 0 1 .6 1 .4 0 .4 -0 .1 -0 .7 -1 .2 -2 .2 -3 .1 -4 .0 -6 .4 3 -8 0 1 .1 0 .9 0 .0 -0 .5 -1 .1 -1 .5 -2 .4 -3 .2 -3 .8 -4 .8 -3 .3 4 -8 0 1 .2 1 .0 0 .2 -0 .2 -0 .7 -1 .0 -1 .6 -2 .1 -2 .3 -2 .5 -0 .5 122.6 123.5 0 .6 123 .7 1 23.3 122.8 12G.8 119.8 . 2 .4 120.5 1 -8 1 1 .4 1 .2 0 .5 0 .1 -0 .2 -0 .4 -0 .9 -1 .2 -1 .2 -1 .1 0 .8 2 .9 3 .4 2 -8 1 1 .0 0 .9 0 .2 -0 .2 -0 .6 -0 .8 -1 .3 -1 .5 -1 .6 -1 .6 -0 .3 0 .7 -0 .2 -3 .6 3 -8 1 0 .9 0 .8 0 .1 -0 .2 -0 .5 -0 .8 -1 .2 -1 .4 -1 .4 -1 .4 -0 .3 0 .4 -0 .2 -2 .0 -0 .3 4 -8 1 0 .8 0 .6 0 .0 -0 .3 -0 .6 -0 .8 -1 .2 -1 .4 -1 .4 -1 .4 -0 .5 0 .1 -0 .5 -1 .8 -0 .8 0 .1 121.5 120.4 120 .3 -1 .3 119.9 1 -8 2 0 .8 0 .6 0 .0 -0 .3 -0 .5 -0 .7 -1 .0 -1 .2 -1 .2 -1 .1 -0 .4 -0 .3 -1 .2 -0 .4 -0 .5 0 .3 2 -8 2 0 .4 0 .2 -0 .4 -0 .7 -0 .9 -1 .1 -1 .5 -1 .7 -1 .7 -1 .7 -1 .1 -0 .8 -1 .3 -2 .2 -1 .9 -2 .4 -3 .0 -6 .2 3 -8 2 0 .2 0 .0 -0 .5 -0 .8 -1 .1 -1 .3 -1 .6 -1 .8 -1 .8 -1 .8 -1 .3 -1 .0 -1 .5 -2 .3 -2 .1 -2 .5 -2 .9 -4 .4 -2 .7 4 -7 7 1 -78 2 -7 8 3 -7 8 4 -7 8 1-79 2 -7 9 3 -7 9 4 -7 9 1 -80 2 -8 0 3 -8 0 4 -8 0 1 -81 2-81 3 -8 1 4 -8 1 1 -8 2 2 -8 2 120 .0 118.1 1 17 .3 IN I T I A L QUARTER PREPARED BY FEOERAL RESERVE BANK OF S T . LOUIS DECEMBER* 1982 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 20 NEW PASSENGER CAR REGISTRATIONS 1/ United States 1/ Domestically Produced Imported CMV State Summary Arkansas Kentucky Mississippi Missouri Tennessee Percent Change June July August June . JuJy... August 1981 1982 1981-82 724,000 518,000 206,000 707,000 497,000 209,000 801,000 602,000 199,000 651,000 452,000 199,000 630,000 430,000 200,000 609,000 409,000 200,000 6,092,000 4,408,000 1,684,000 5,277,000 3,775,000 1,501,000 -13.4 -14.4 -10.9 7,096 6,905 6,474 14,123 11,976 7,110 6,817 5,769 14,152 11,735 6,770 13,582 4,907 13,884 14,033 5,726 7,860 2,615 17,775 9,786 5,364 7,148 8,217 13,787 11,228 5,493 7,841 5,236 14,486 9,899 51,885 62,876 44,524 115,123 94,547 42,485 58,012 38,506 103,829 84,261 -18.1 -7.7 -13.5 -9.8 -10.9 1/Used with permission of R. L. Polk and Company, not seasonally adjusted 2/New passenger car retail sales. Cumulative to Date 1982 1981 PRODUCTION AND PRICE INDICATORS VALUE OF C O N S T R U C T IO N CONTRACTS L E T * NOT SEASONALLY ADJUSTED INDEX: 1974-100 TOTAL RESIDENTIAL 330 BUILDING 1974-100 1974-100 BUILDING N O N R E S I DENT I A L A R KANS AS KENTUCKY BUILDING 339.7 330 — 250 ___ — 1 70 1 70 90 90 1 1 1 10 330 250 170 90 10 330 250 170 90 10 250 TENNESSEE-WEST 22 1 1 1 . 1— 1 L . 1 1 1 1 1 l~ 10 P R O D U C T I O N AND P R I C E INDICATORS VALUE OF C O N S T R U C T IO N CONTRACTS L E T * NOT SEASONALLY ADJUSTED COMPOUNDED ANNUAL I NDEX: 1974-100 3RD QUARTER 1 98 2 3RD OTR 1981 TO 3RD QTR 1 98 2 174. 0 149. 3 132. 8 141 . 6 1 15. 7 183. 198. 186. 166. 94. 2 0 5 6 8 0,. 1 13., 4 49. 9 24. 5 -8. 8 142. 3 166. 0 145. 8 138. 3 80.,5 133. 8 199. 4 175. 8 167. 2 1 14. 6 107. 9 149. 78. 214. 190. 167. 162. 273. 260. 203. 138. 133. 7 9 2 8 6 9 8 1 7 8 8 67. 8 -24. 0 -10. 3 73. 3 5,.5 -1 . 8 54. 6 87. 9 -1 . 1 48. 1 59. 1 -36. 8 47. 0 30. 0 -63. 4 - 7 . ,3 -12. 4 4,.2 -12. 5 -15. 4 -52. 7 -59. 5 0 9 3 6 7 185. 212. 165. 213. 130. 8 6 5 3 7 3,.2 30., 1 35. 0 25. 8 3..5 -13. 7 -21 . 4 -26. 5 -20. 5 - 3 . .4 159. 3 163. 2 152. 1 111. 3 65..4 182. 7 260. 0 219. 5 215. 8 1 12. 0 93., 2 177., 4 153. 6 214. 0 187. 5 137. 4 196. 3 270. 2 202. 9 143. 9 151 . 1 139. 5 86.,3 -30. 4 39. 4 18. 5 26. 6 26. 3 16. 8 25.,2 45.,5 59., 4 71 . 2 -43. 7 7,.0 -25. 0 - 4 . .9 -32. 3 -31 . 7 26.,7 1 1. 0 -49. 2 -56. 1 -60. 7 171 ., 9 1 16..2 121 . 3 80 .3 50 . 1 180. 5 181 . 5 207. , 1 105.,7 28,.2 -3. 0 -3., 1 64.,2 21 ., 2 -53. 8 17,.8 20 .7 - 31 . 9 - 3 5 , .4 - 4 5 , .9 1 18. 0 167.,2 138.,3 169.,2 96 .3 71 .7 145., 1 135,.6 1 14,.7 1 17, ,2 120,.4 1 10..0 48 .6 214..4 194..7 198.,7 120.,5 277. 0 312. ,6 268., 1 127., 1 128.,9 36,.3 -13. 8 -36. 9 253. , 4 - 5 , .9 -32. 8 117.,3 167. 6 -16. 6 37,.0 49,.4 - 2 0 , .3 263,.9 113,.4 - 8 7 , .9 15 .3 27 .3 - 1 9 , .5 -31 ,. 0 8 .7 - 4 8 , .7 - 5 8 .4 2ND QUARTER 1982 TOTAL B U I L D I N G . UNI TED STATES CMV STATE SUMMARY CMV METROPOLI TAN SUMMARY ARKANSAS FORT S MI T H : 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 EVANSVILLE: IN-KY LOUISVILLE: KY-IN MISSISSIPPI MI SSOURI - EAST ST. L O U I S : MO- 1L S P R I N G F I E L D : MO TENNESSEE - WEST MEMPHI S: T N - A R - M S RESIDENTIAL BUILDING UN I T ED STATES CMV STATE SUMMARY CMV METROPOLI TAN SUMMARY ARKANSAS FORT S MI T H : 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 EVANSVILLE: IN-KY LOUISVILLE: KY-IN MISSISSIPPI MI SSOURI - EAST ST . L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE - WEST MEMPHI S: T N - A R - M S NONRES1DENT 1AL B U I L D I N G UNI TED STATES CMV STATE SUMMARY CMV METROPOLI TAN SUMMARY ARKANSAS FORT S MI T H : 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 EVANSVILLE: I N- KY LOUISVILLE: KY-IN MISSISSIPPI MI SSOURI - EAST ST . L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE - WEST MEMPHI S: T N - A R - MS _______ RATES OF CHANGE________ 176. 178. 144. 188. 150. 3RD QTR 1 9 8 0 TO 3RD QTR 1981 -0. -4. -29. -25. -17. 2 7 4 3 1 X USED VJTH THE PERMI SSI ON OF DODGE CONSTRUCTI ON POTENTI ALS, MCGRAW-HI LL I NFORMATI ON SYSTEMS COMPANY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 23 PRODUCTION AND PRICE INDICATORS HO U SI N G P E R M I T S SEASONALLY ADJUSTED I N D EX : 1974-100 A R KANS AS KENTUCKY M ISSISSIPP I MISSOURI 400 300 200 100 0 TENNESSEE 24 PRODUCTION AND PRICE INDICATORS H O U S IN G P E R M I T S SEASONALLY ADJUSTED I NDEX: JULY 1 98 2 CMV S T A T E SUMMARY CMV M E T R O P O L I T A N SUMMARY ARKANSAS L I T T L E ROCK-NORTH UTI L E ROCK: AR KENTUCKY LOUISVILLE: K Y - 1N M IS S IS S IP P I MISSOURI S T. L O U I S : TENNESSEE M EMP HI S: MO- 1L TN-AR-MS AUGUST 1982 SEPTEMBER 1 98 2 FROM SAME MONTHS A YEAR AGO FROM PREVI OUS 3 MONTHS 86. 1 73.4 87.5 27.8 11.4 58.7 58.9 74.0 -29.0 20.4 72.3 55.0 72.2 -8.5 28.6 144.3 55.4 102.7 147. 1 116.3 113.5 41.7 190.4 62.1 374.1 59.8 71.2 56.0 35.2 95.0 57.2 1,096.3 2,623.8 71.8 93. 1 58.0 34.4 22.8 54.7 60.5 52.9 64.3 59.3 74.4 -88.8 -83.6 -5.9 -4.6 41.1 62.4 45.4 60.8 94.7 81.2 23. 1 11.9 tn STATES 1974*100 Oi J 00 U N ITED COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDI NG SEPTEMBER 18.2 1 10.2 83.6 STATE SUMMARY-HOUSING PERMITS COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER 4 -7 7 1 -7 8 IN IT IA L QUARTER 1-78 4 -7 8 1-79 2 -7 9 3 -7 9 4 -7 9 1-80 2 -8 0 1974=100 3 -8 0 4-8 0 1-81 2-81 3 -81 4 -8 1 1 -8 2 2 -8 2 151.2 2 -7 8 5 .8 2 9 .5 -*9.7 -7 .7 -4 .7 -4 .3 1 -79 3 -7 8 -1 3 .5 3 -7 8 4 -7 8 2 -7 8 - 2 2 .9 -2 5 .1 161.3 145.3 “3 4 .2 - 1 7 .7 146.3 2 .8 113.2 -3 7 .6 - 3 9 . 3 - 6 4 . 2 131.5 2 -7 9 - 1 1 .1 - 1 0 . 6 - 1 8 .5 - 1 2 . 5 - 1 9 .2 8 2 .1 3 -7 9 - 1 3 .3 - 1 3 . 3 -2 0 .0 - 1 6 . 0 - 2 1 .4 1 6.3 - 2 5 .7 4 -7 9 - 1 9 .4 - 2 0 . 2 -2 6 .4 - 2 4 . • - 3 0 . 4 - 1 3 .2 1 -8 0 -2 1 .5 -2 2 .5 -2 7 .9 -2 6 .9 - 4 0 .1 122.1 101.8 *r51.7 9 0.9 - 3 1 . 7 - 1 9 . 7 - 3 8 . 9 - 4 4 .6 - 3 6 . 4 8 9.0 - 2 0 .3 - 2 1 . 0 - 2 5 .7 - 2 4 . 4 - 2 8 .2 - 1 7 . 5 - 3 2 . 3 - 3 4 .4 - 2 3 . 6 -8 .1 6 3 .1 189.6 116.1 2 4 .1 106.9 0 to 1 to 2 -8 0 - 1 0 . 4 - 1 0 . 0 - 1 3 .6 - 1 0 . 6 - 1 2 .4 4 -8 0 - 1 2 .0 - 1 1 .8 - 1 5 .2 - 1 2 . 8 - 1 4 .5 -3 .2 1 -8 1 - 1 8 .3 - 1 8 . 7 - 2 2 .1 - 2 0 . 7 - 2 3 .0 - 1 5 .3 1 .7 -9 .5 -4 .9 1 9 .2 - 1 2 .9 - 1 0 .1 5 .0 -2 4 .0 - 2 3 . 7 - 1 6 . 5 - 1 0 .6 - 1 1 . 4 - 5 1 .0 8 1.3 - 6 6 .5 -5 5 .8 -4 1 .5 -6 0 .8 -5 7 .5 -6 9 .1 - 2 9 . 7 - 3 0 . 1 - 2 6 .8 - 2 5 . 3 - 2 7 .9 - 4 5 . 4 - 4 9 .0 - 4 1 . 3 - 4 1 .2 - 2 0 . 2 - 2 0 . 7 - 2 3 .9 - 2 2 . 9 - 2 5 .1 - 1 8 . 7 - 2 6 . 5 - 2 5 .1 - 2 5 . 9 4 -8 1 - 2 3 .2 - 2 3 . 8 -2 6 .7 - 2 6 . 0 - 2 8 .0 - 2 3 . 3 - 2 6 .6 - 2 1 . 3 - 1 7 . 8 - 2 0 . 1 - 3 2 .4 - 1 9 . 4 - 1 0 .4 1 -82 - 1 8 . 6 - 1 8 . 9 - 2 1 . 4 - 2 0 . 4 - 2 1 .9 - 1 6 . 7 - 2 2 .4 -2 2 .1 -1 7 .8 -1 5 .1 -1 6 .1 -3 1 .7 2 -8 2 - 1 6 .5 - 1 6 . 7 - 1 9 . 0 - 1 7 . 9 - 1 9 . 2 - 1 3 . 9 - 1 9 .1 - 1 8 . 5 - 1 4 . 2 - 1 1 . 2 - 1 1 . 6 - 2 5 .4 -2 5 .0 - 1 1 . 8 3 -8 2 - 1 7 . 2 - 1 7 . 4 - 1 9 .6 - 1 8 . 6 - 1 9 . 9 - 1 5 . 1 - 2 0 . 0 - 1 9 . 5 - 1 5 . 6 - 1 3 . 2 - 1 3 . 8 - 2 5 .9 4 -7 7 1-7 8 2 -7 8 3 -7 8 4 -1 8 1 -7 9 71.1 - 4 8 .0 - 3 3 .2 - 3 4 .1 - 3 1 .1 - 3 0 .2 - 3 3 . 9 - 5 4 .3 2 -8 1 3 -8 1 -2 9 .0 - 2 8 . 5 - 3 0 . 9 - 2 6 . 2 4 4 .3 -2 8 .1 2 -7 9 3 -7 9 4 -7 9 1-80 2 -8 0 3 -8 0 -2 5 .5 - 1 4 . 9 4 -8 0 1-81 5 3.0 54.5 1 1 .8 5 2 .7 1 0 8 .6 6 5 .5 6 9 .5 -2 .3 4 3 .5 6 2 .6 2 6 .8 -8 .3 2 0 .4 2 3 .4 -5 .1 -2 9 .0 2 -81 3 -8 1 4 -8 1 1 -6 2 2 -8 2 6 3 .8 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS DECEMBER. 1982 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 25 PRODUCTION AND PRICE INDICATORS PRICES RECEIVED BY FARMERS - UNITED ST A T E S NOT SEASONALLY ADJUSTED INDEX: 1971-100 LIVESTOCK CORN BEEF C A T T L E RICE BROILERS 350 270 190 1 10 30 270 < 111 350 190 I 10 -LI L l- lli i l l ! 11 1 1 J 1 1 1 1 1 1 11111111111 SOYBEANS HOGS TOBACCO MILK UPLAND COTTON TURKEYS 26 M 1 M 1 »» 1 ■■ 11 1 1 1 1 1 1 1 11 30 PRODUCTION AND PRICE INDICATORS PRICES RECEIVED BY FARMERS - UNITED STA TES NOT SEASONALLY ADJUSTED I NDEX: JULY 1982 A L L F AR M P R O D U C T S A L L CR OP S 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 B RO I L E R S HOGS MILK TURKEYS ___________ . 1-78 2-78 3 -7 8 1 -78 34.4 2 -7 8 4 1.6 4 9.1 3 -7 8 26.1 2 2.1 0 .0 4 -7 8 2 1 .6 17.6 4 .4 8 -9 1 -7 9 26.1 . 24.2 16.8 2 6 .3 4 6 .3 2 -7 9 2 3 .0 2 0 .9 14.7 2 0 .0 2 6 .0 8 .5 3 -7 9 18.3 15.8 10.1 1 2.8 14.2 0 .8 1 9 7 1 = 100 SEPTEMBER 1 98 2 220.2 215.4 220.2 -5.8 220.4 211.6 222.2 -5. 1 197.2 155.5 203.8 208.7 236.1 181 . 4 135.5 190.2 245.2 216.3 169.6 143.2 177.6 255.5 225.0 219.5 218.0 216.5 -5.3 0.7 200.5 191 . 2 342.0 224.8 183.0 191.5 197.0 342.5 229.9 190.7 -22.7 -3.7 41.5 2.0 73.7 -3.7 -3.4 22.8 -1.7 0.9 PRICES-ALL FARH PRODUCTS _________ COMPOUNDED ANNUAL RATES OF CHANGE 2 -7 9 _ 3 -7 9 FROM PREVI OUS 3 MONTHS FROM SAME MONTHS A YEAR AGO AUGUST 1982 202.5 207.8 323.0 224.8 182.5 __ <► M 1| ^4' 1 00 r* I * TERMINAL____ QUARTER 4 -7 7 ______________ _________________ ___ _ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDI NG SEPTEMBER -2.0 -5. 1 -34.4 -34.8 -32.4 14.4 6.6 -18.8 -36.3 -16.2 4.0 -14.5 ................. ........... ... IN IT IA L QUARTER 4 -7 9 1-80 2 -8 0 1971-100 3 -8 0 4 -80 1-81 2-81 _3—81 4—81 _1^82 __ 2 -8 2 .171.3_____ .189.3____ 189.3 1 ? 3 .4 _____ 2 1 2 .7 2 17.1 2 1 3 .6 -6 .3 4 -7 9 15.1 12.6 7 .5 9 .0 ?_•? -1 .1 -5 .6 -5 .0 1 -8 0 13.1 1 0 .7 6 .1 7 .2 6 .8 -1 .3 -4 .3 -3 .3 -1 .7 2 10 .9 2 1 0 .0 2 -8 0 10.1 7 .7 3 .4 3 .9 3 .0 -3 .9 -6 .8 -7 .0 -8 .0 -1 3 .9 3 -8 0 1 3.6 11.7 8 .2 9 .3 9 .3 4 .1 3 .3 5 .8 9 .7 15.8 5 5.8 4 -8 0 13.6 11.9 8 .7 9 .8 9 .9 5 .5 4 .9 7 .3 1 0.7 15.1 3 3.1 13.8 1-81 12.5 1 0.9 7 .9 8 .7 8 .7 4 .8 4 .2 6 .1 8 .4 11.1 2 1 .0 6 .7 0 .0 2 -8 1 11.2 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 -5 .9 -8 .7 2 0 2 .3 2 26 .0 2 3 3 .4 233 .4 2 30 .5 3 -8 1 9 .4 7 .8 5 .2 5 .6 5 .3 1 .9 1 .2 2 .2 3 .2 4 .1 8 .1 -1 .3 4 -8 1 7 .1 5 .5 2 .9 3 .2 2 .7 -0 .6 -1 .4 -0 .9 -0 .4 -0 .2 2 .3 -5 .9 1 -8 2 7 .3 5 .8 3 .4 3 .7 3 .3 0 .3 -0 .4 0 .2 0 .8 1.2 3 .5 -3 .3 -6 .4 -7 .9 2 -8 2 7 .7 6 .3 4 .1 4 .3 4 .0 1.3 0 .7 1 .4 2 .1 2 .5 4 .7 -1 .0 -3 .3 -4 .0 3 -8 2 6 .9 5 .6 3 .4 3 .7 3 .3 0 .8 0 .2 0 .8 1 .3 1 .6 3 .5 -1 .7 -3 .7 -4 .3 4 -7 7 1-78 2-78 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 4 -8 0 1-81 2-81 - 1 0 .3 - 1 3 .5 -1 2 .4 2 2 3 .0 -1 7 .5 - 2 2 . 3 2 0 9 .4 -7 .1 _1 0 .9 -3 .7 -0 .7 1 2 .3 1 3 .7 -4 .2 -2 .0 5 .9 _ 3 .5 -5 .8 3 -8 1 4 -8 1 1 -8 2 2 -8 2 -B .9 2 1 4 .9 221 .9 2 1 8 .6 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS DECEMBER* 1982 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 27 RODUCTI ON AND PRICE INDICATORS Farm Land Values 1977=100 220 200 180 160 140 120 100 80 60 40 20 Index 1977 = 100 P e r c e n t Ch a ng e February February February February 1978 1979 1980 1981 1982 U nited S tates 109 125 145 158 157 9.0 - CMV State Summary 115 134 152 165 154 8 .6 -6.7 110 133 125 129 133 129 128 123 163 135 150 147 156 154 136 188 144 161 153 198 165 146 196 131 140 154 189 153 138 15.3 6.7 7.3 4.1 26.9 7.1 7.4 4.3 -9.0 -13.0 0.7 -4.5 -7.3 -5.5 Arkansas Illinois Indiana Kentucky Mississippi Missouri Tennessee 111 113 113 115 114 112 28 A p ril 1980 to 1981 1981 to 1982 0.6 P R O D U C T I O N AND P R I C E INDICATORS Consumer Price Index-All Items* * A ll U rb a n Consumers Data a re q u a r t e r ly from M arch 1976 through M arch 1978; t h e r e a f t e r , d a ta a re bi-monthly. UNITED STATES ST. LOUIS Percent Change to September 1982 Index 1967 = 100 Sept. 1982 All Items Food Housing Apparel and Upkeep Transportation Medical Care Entertainment From Two Months Ago (Annual Rate) Percent Change to September 1982 From Previous Year Index 1967 = 100 Sept. 1982 From Two Months Ago (Annual Rate) From Previous Year 294.1 284.2 327.1 189.7 8.3 0.8 16.0 11.8 7.6 3.6 11.0 1.7 293.3 287.6 319.7 194.9 2.3 -1.9 0.9 17.6 5.0 3.5 5.3 2.2 281.1 318.1 232.1 -5.2 5.2 11.0 4.0 13.8 2.8 295.3 336.0 238.3 -1.6 11.4 4.4 3.5 11.4 6.4 29 FINANCIAL INDICATORS M E T R O P O L I T A N MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1974-100 * 1974-100 230 - u.s. TOTAL LOANS 1 _ SMSA' S 190 I 50 1 10 70 111«11»1111 1«1■11»»1M l l l l l l l l l l l 1978 1979 n 1»»1»11II l l l l l l l l l l l 1980 1981 1982 EVANSVILLE: IN-KY _ a J 230 — 1 90 1 50 110 .......... Lulu. .i 1 11i l l 11 n u l l l l l l l l l LITTLE ROCK - NORTH L I T T L E ROCK: l l l l l l l l l l l _L11.LJ.Ii.1 Lt.L 70 AR 230 1 90 — 1 50 I 10 70 l l l l l l l l l l l j i l u l Lulu. 1■1H 1H 1II ■11M 1111M l l l l l l l l l l l LOUISVILLE: KY-IN 230 1 90 1 50 110 70 MEMPHIS: ST. TN-AR-MS LOUIS: MO-IL 230 — — _ 1 50 ___ _ 1 90 110 lllllllllll lllllllllll lllllllllll lllllllllll lllllllllll 1978 1979 1980 1981 1982 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 30 70 FINANCIAL INDICATORS M E T R O P O L I T A N MEMBER BANK DATA SEASONALLY ADJUSTED _____________ I NDEX: TOTAL LOANS UNITED S T A T E S * * M E T R O P O L I T A N S U MMA R Y * C O L U MB I A : MO EVANSVILLE: IN-KY F A Y E T T E V 1L L E S P R 1NGDALE-. AR FORT S M I T H : AR L I T T L E R OC K- NORT H L I T T L E ROCK: AR LOUISVILLE: KY-IN MEMPHI S: T N - A R - M S P I N E B L U F F : AR S T . L O U I S : M O - 1L S P R I N G F I E L D : MO T E X ARKANA: AR 1 9 7 4 - 1 0 0 __________ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDI NG SEPTEMBER 1982 FROM SAME MONTHS A YEAR AGO JULY 1 98 2 AUGUST 1 982 SEPTEMBER 1 98 2 FROM PREVI OUS 3 MONTHS 201.0 185. 1 224.4 225.9 201 . 4 188.5 230.0 226.7 203.6 188.5 229.4 225.7 6.4 4.4 18.6 -2.4 9.2 14. 1 2.0 14.0 233.2 226.8 235.2 233. 1 235.8 227.6 6.4 5.4 12.6 9.4 193.9 225.4 126.7 177.6 183.3 178.6 246.4 199.5 220.6 122.6 176.0 191.9 182.3 273.7 207.5 221.6 126.4 185.6 189.0 190.3 271.3 21.5 -1.6 14.2 -5.8 1.9 3.8 41.7 22. I 11.6 6.8 3. 1 16.8 37.4 20.5 189.0 173.4 233.4 219.6 190. 1 175.3 234.2 219.8 190.8 174.7 228. 1 218.2 11.7 11.0 -0.5 -0.2 7.6 10.7 2.8 7.8 213.7 218.4 214.0 219.0 211.8 220.6 9.7 9.5 13.3 9.8 173.9 216.8 145.2 167.0 157.2 159.0 226. 1 178. 1 217.2 145.2 167.3 159.8 160.8 226.0 178.6 214.0 146.3 163.2 161 . 3 160.3 223.7 12.9 4.4 14.7 -0.2 17.2 12.4 6.3 TOTAL D E P O S I T S UNITED S T A T E S * * METROPOLI TAN SUMMARY* C O L U M B I A : MO EVANSVILLE: IN-KY F A Y E T T E V 1L L E S P R 1NGDALE: AR FORT S M I T H : AR L I T T L E ROCK- NORT H L I T T L E ROCK: AR LOUISVILLE: KY-IN MEMPHI S: TN- AR- MS P I N E B L U F F : AR S T . L O U I S : MO- 1 L S P R I N G F I E L D : MO TEX ARKANA: AR 8.2 11.3 11.1 -0. 1 12. 1 15.2 10.0 AVERAGE NUMBER OF MEMBER BANKS S TATE SUMMARY (EIGHTH DISTRICT ) M E T R O P O L I T A N S U MMA R Y * N ON ME T R OP O L I T A N SUMMARY ARKANSAS F A Y E T T E V 1L L E S P R 1NGDALE: AR FORT S M I T H : AR L I T T L E R OCK- NORT H L I T T L E ROCK: AR P I N E B L U F F : AR T E X ARKANA: AR N O N ME T R O P O L I T A N AREAS KENTUCKY LOUISVILLE: KY-IN N O N ME T R O P O L I T A N AREAS ILLINOIS N O N ME T R O P O L I T A N AREAS INDIANA EVANSVILLE: IN-KY N ON ME T R O P O L I T A N AREAS MISSISSIPPI N O N ME T R O P O L I T A N AREAS MISSOURI C O L U M B I A : MO S T . L O U I S : M O - 1L S P R I N G F I E L D : MO N O N ME T R O P O L I T A N AREAS T E N NE S S E E MEMPHI S: T N - A R- MS N O N ME T R O P O L I T A N AREAS JULY 1982 AUGUST 1 982 SEPTEMBER 1 982 SEPTEMBER 1981 391.00 119.00 270.00 74.00 390.00 119.00 269.00 74.00 390.40 119.40 269.00 74.00 389.40 117.40 270.00 74.00 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 89.00 4.00 58.00 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 37.00 12.00 24.00 17.00 16.00 89.00 4.00 58.00 5.00 45.00 14.00 8.00 9.00 8.00 4.00 3.00 49.00 40.00 9.20 30.00 119.00 96.00 37.20 12.00 24.00 17.00 16.00 89.20 4.00 58.20 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 XL EXCLUDES BANKS I N TWO METROPOLI TAN AREAS K K ALL DOMESTI CALLY CHARTED COMMERCIAL BANKS PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 31 FINANCIAL INDICATORS N O N M E T R O P O L IT A N MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1 9 7 4 - 1 0 0 1974-100 TOTAL LOANS N O N M E T R O P O L I T A N ARKANSAS fill 260 9 _ L i _ — ------------------ .11111111111 1 ■ 1 1 1 1 M 1 ■■ . . 1 . . 1. . 1. . u L u J .n l ii 220 1 80 140 100 T — _ j_ L l 220 \ 260 1 1 1 N O N M E T R O P O L I T A N KENTUCKY — 1 80 1 40 100 260 220 1 80 1 40 »» 1M 1M 111 i l L l 1111111 111«» 1II 1»» ■ 11111J 11111 11J-IJ 1J 1111 ■1 I 1 1 1 1 1 1 1 1 1 1 11 11 1 1 1 1 1 1 «» 1 ■ ■ 1 1 1 1 ■ 1 11 1 1 1 11jJ j_ L 11111111111 100 NONMETROPOLITAN M I S S I S S I P P I NONMETROPOLITAN MISSO UR I 260 1-------------------— — 220 1 80 1 40 11 11»1II 1H iiIn I m I i i -LI 111 111111 1111 11II 111 1 1111 11111J_ 100 N O N M E T R O P O L I T A N TE N N E S S E E 260 220 — — 1 80 1 40 100 l l 1I I 1I l 1I I ■1111! 11111 11111111111 11111111111 11111111111 1978 1979 LATEST DATA PLOTTED: 1980 1981 1982 SEPTEMBER 32 FINANCIAL INDICATORS N O N M E T R O P O L I T A N MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: TOTAL LOANS NONMETROPOLITAN SUMMARY ARKANSAS ILLIN O IS INDIANA KENTUCKY M IS S IS S IP P I M IS SOU RI TENNESSEE TOTAL D E P O S IT S NONMETROPOLITAN SUMMARY ARKANSAS ILLIN O IS IN DIANA KENTUCKY M ISSISSIPPI M IS SOU RI TENNESSEE COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER 1982 1974-100 FROM SAME MONTHS A YEAR AGO JULY 1982 AUGUST 1982 213.0 213.7 215.0 2. 1 8.7 199.4 236.3 198.2 241.9 214.1 198.9 191.7 200. 1 236. 1 198.6 244.7 212.1 201.6 191.1 198.9 239.2 195.7 247.3 212.1 203.6 189.4 5.4 3.4 -2.8 8.6 -3.9 4.3 -12.5 11.0 9.6 3.7 11.3 8.2 10. 1 -1 .0 195.8 196.4 196.7 6. 1 9.6 182.8 203.5 176.3 233.7 217.4 189. 1 172.2 182.9 204.4 173.5 235.2 217.2 190.3 173.3 182.3 204.8 175.2 237.4 216.2 190.5 172.7 5.9 6.9 0.5 9.0 2.4 7.3 7.0 8.0 10.6 5.9 13. 1 8.2 12.2 5.2 SEPTEMBER 1 FROM PREVIOUS 1982 3 MONTHS MEMBER BANK DATA BY S T A T E SEASONALLY ADJUSTED INDEX: TOTAL LOANS STATE SUMMARY (EIGHTH DISTRICT ) ARKANSAS ILLIN O IS INDIANA KENTUCKY M IS S IS S IP P I M IS S OU R I TENNESSEE TOTAL D E P O SITS S TATE SUMMARY (EIGHTH DISTRICT ) ARKANSAS ILLIN O IS INDIANA KENTUCKY M IS S IS S IP P I MI SS OURI TENNESSEE COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER 1982 1974-100 FROM SAME MONTHS A YEAR AGO JULY 1982 AUGUST 1982 SEPTEMBER 1982 192.5 195.2 195.0 2.9 12.4 200.0 204.2 207.3 229.5 215.4 189.2 133.7 204.9 203.3 208.3 225.9 213.7 199.0 130. 1 207.2 207. 1 206.4 225.9 213. 1 195.9 133.5 10.7 0.2 -2.7 -1.2 -3.7 4.2 8.9 14.2 9.0 9.5 11.5 8. 1 17.2 5.5 180.6 182.3 181.9 8.6 10.2 185.0 176.4 194.0 220.9 218.8 168.5 148.7 186.2 176.5 193.6 221.1 218.7 172. 1 149.0 186.0 177.2 193.7 219.7 217.4 173.2 149.6 7.9 3.2 1.0 4.9 3.0 17.3 13.0 8.2 10.3 7.5 11.2 7.8 12.3 10.3 FROM PREVIOUS 3 MONTHS PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 33 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 INDE X: 1974-100 ARKANSAS 300 — — 250 200 150 I I 111111111 11111111111 1.1111111111 « 1 1 n 1 n 1 II L l l l 1 1 i . jlI 1 I. 100 KENTUCKY MISSOURI 300 250 200 1 50 100 300 250 200 1 50 100 LATEST DATA PLOTTED: SEPTEMBER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 34 FINANCIAL INDICATORS S A V I N G S AND LOAN A S S O C I A T I O N SEASONALLY ADJUSTED INDEX; JULY 1982 TOTAL SAVI NGS UNI TED STATES CMV STATE SUMMARY CMV METROPOLI TAN SUMMARY ARKANSAS FORT S M I T H ; AR 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 MISSISSIPPI MI SSOURI ST . L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE MEMPHI S: T N - A R - M S MORTGAGE LOANS OUTSTANDI NG UNI TED STATES CMV STATE SUMMARY CMV METROPOLI TAN SUMMARY ARKANSAS FORT S M I T H : AR L I T T L E ROCK- NORTH L I T T L E ROCK: AR P I N E BL UFF: AR KENTUCKY LOUISVILLE: KY -IN MISSISSIPPI MI SSOURI ST . L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE MEMPHI S: T N - A R - M S DATA 1974-100________ AUGUST 1982 SEPTEMBER 1982 COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING SEPTEMBER 1982 FROM PREVIOUS 3 MONTHS FROM SAME MONTHS A YEAR AGO 230. 1 224.9 214.8 246.. 9 256.2 232.0 225.9 221 .4 248.0 281 .9 233.0 227. 1 221.7 249.5 280.2 7.4 3.3 12.6 5.5 0.3 5.6 4.0 7.9 3.4 9.3 201.2 N. A . 216.8 202. 1 283.9 209.8 213.2 181 .5 234.4 229.9 210.9 N .A . 217.4 211.9 284.5 211.1 214.7 183.0 235.0 231 .4 213.3 N. A. 219.2 213.3 284.7 211.7 214.6 180.2 236.7 235.3 42.0 N. A. 3.2 21 .4 6.6 1 .3 -2.6 19.5 4.7 34.3 -1 .4 N. A. 3.6 16.8 3.6 4.0 2.9 3.1 4.5 15. 1 211.7 205.5 197.9 219. 1 239.0 211. 1 204.7 200.5 212.8 255.2 205.0 202.7 211.7 211.3 259.4 -7.6 -4.9 1 0. 0 -8.0 -10.3 -2.4 -1.5 2.8 -1.6 4. 1 1 68 . 9 1 57 . 9 158. 1 -16.2 N. A . N. A. N. A. 204.9 200.7 229.2 1 95 . 2 194. 1 178.0 212.8 196.8 205. 1 209.4 229.4 1 95 . 4 194.5 176.6 212.3 197.5 205.7 212 . 1 227 . 1 1 92 . 4 212.5 174.6 210.7 196.9 -19.1 N. A. N .A . -5.5 6.6 -6. 1 -4.8 4.7 3.5 -3.7 26.4 -2.1 7. 1 -2.2 -0.7 0.5 -4. 1 -2.4 6.4 NUMBER OF SAV1NGS AND LOAN ASSOC 1AT 1ONS UNI TED STATES CMV STATE SUMMARY CMV METROPOLI TAN SUMMARY ARKANSAS FORT S M I T H : AR L I T T L E ROCK- NORTH L I T T L E ROCK: AR P I N E BL UFF: AR KENTUCKY LOUISVILLE: KY -IN MISSISSIPPI MI SS OURI ST. L O U I S : MO- 1L S P R I N G F I E L D : MO TENNESSEE MEMPHI S: T N - A R - M S JULY AUGUST SEPTEMBER SEPTEMBER 1982 1982 1982 1981 3,519 357 68 65 3,465 350 69 63 3,431 349 69 61 3,876 393 80 71 2 2 2 4 5 5 N. A. N. A. 74 6 56 97 44 4 65 5 73 4 54 96 47 4 64 5 5 6 N.A. N.A. 73 6 53 95 45 4 67 5 82 6 59 106 53 4 75 5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 35 POPULATION Bureau of the Census Compounded Annual Rates of Change 1970 to 1980 1960 to 1970 1970 1980* 203,302,031 226,504,825 1.1 1.3 15,964,668 17,957,674 1.2 0.8 CMV Metropolitan Areas 5,655,075 6,015,451 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 2,286,435 1.7 0.7 127,846 160,421 178,609 203,511 3.4 2.4 3.3 1.7 323,296 85,329 113,488 393,774 90,718 127,019 2.0 0.6 1.1 1.7 0.5 1.2 Kentucky ClarksvilleHopkinsville: KY-TN Evansville: IN-KY Louisville: KY-IN Owensboro: KY 3,220,711 3,642,795 1.2 0.6 118,945 284,959 867,330 79,486 149,331 307,103 901,672 85,702 2.3 0.8 0.4 0.8 0.6 0.5 1.4 1.2 Mississippi 2,216,994 2,520,638 1.3 0.2 Missouri Columbia: MO St. Louis: MO-IL Springfield: MO 4,677,623 80,935 2,410,884 168,053 4,916,686 100,376 2,356,460 207,704 0.5 2.2 -0.2 2.1 0.8 3.9 1.2 1.9 Tennessee Memphis: 3,926,018 834,103 4,591,120 913,472 1.6 0.9 1.0 1.4 United States CMV States ♦Provisional TN-AR-MS
@FedFRASER