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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


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102