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1ST QUARTER 1983 smcV MINTRAL MISSISSIPPI VALLEY ECONOMIC INDICATORS P re p a re d by F e d e ra l R eserve Bank o f St. Louis R eleased: June 14 ,1983 DATA DESCRIPTION Selected economic data for the Central Mississippi Valley (CMV) are generally provided for five states and eight metropolitan areas which are entirely or partially within the Eighth Federal Reserve District. In addition, Federal Reserve member bank data are provided for three smaller SMSAs (Standard Metropolitan Statistical Areas) and for all seven states and nonmetropolitan areas within the Eighth District portion of these states. Also, the metropolitan summary of population includes 13 SMSAs in the CMV. Metropolitan areas refer to the 1973 SMSA definitions, except where noted, and states in some cases refer only to the Eighth District portion of the state. The latest data for some series are preliminary and will be revised as final figures are received. Income and Trade Indicators Personal income data are from the U.S. Department of agricultural data are from the U.S. Department of Agriculture. Commerce. All 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, McGraw-Hill Information Systems Company. Housing permits are from the U.S. Department of Commerce. Financial Indicators Total loan ahd deposit data for states, metropolitan areas, and nonmetropolitan areas, are only from member banks in the Eighth District. Such data are not strictly comparable over time due to withdrawals and additions o f member banks (see average number qf 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 S U M M A R Y OF C E N T R A L MISSISSIPPI V A L L E Y A C T IV IT Y The direction o f economic activity in the C entral Mississippi Valley (C M V ) during the first quarter o f 1983 has turned upward—possibly signalling an end to the 1981-82 recession. In the fourth quarter o f 1982, payroll employment improved in parts o f the region, but from the fourth to the first quarter, positive growth was evident in almost all CM V states and cities. During the first quarter, payroll employment rose at a 2.8 percent annual rate in the C M V states and at a 1.8 percent rate in the CM V cities, after declining for seven consecutive quarters. By comparison, payroll employment for the United States increased at a 0.7 percent annual rate in the first quarter. Employment increased at a 7 percent annual rate in Kentucky, a 4.6 percent rate in Arkansas and an average 1.3 percent rate for the remaining states. In the CM V cities, the largest employment gains were in Little Rock and Pine Bluff. Although growth in manufacturing employment was spotty, nonmanufacturing employment increased in all C M V states and cities. In the year ending first quarter o f 1983, total building construction increased 41 percent in the C M V states, 32 percent in the CM V cities and 37 percent for the nation. Another bright spot on the road to recovery is the strong growth in the number o f housing permits issued over recent quarters. —Thomas A . Pollmann TH R E E RELEASES TO R E P L A C E THIS P U B L IC A T IO N This is the last issue o f C entral Mississippi Valley Economic Indicators. This publication will be replaced by three new publications that survey Eighth District banking and finance, business and agricultural developments. Subscribers to this release will receive sample copies o f these new releases in the next few months. 3 INCOME AND TRADE INDICATORS PERSONAL INCOME SEASONALLY ADJUSTED INDEX: 1 9 7 1 -1 0 0 1 9 7 1 -1 0 0 1 9 7 1 -1 0 0 ARKANSAS KENTUCKY 360 300 240 180 120 MISSOURI 360 300 240 180 120 4 INCOME AND TRADE INDICATORS PERSONAL INCOME SEASONALLY ADJUSTED COMPOUNDED ANNUAL INDEX: 1971-100_____________ RATES OF CHANSL. 3RD OTR 1982 TO 4TH OTR 1982 4TH OTR TO 4TH OTR 3RD QUARTER 1982 4TH QUARTER 1982 299.5 303.5 5.4 5.3 299.4 303.7 6.0 4.8 ARKANSAS 326.8 333.1 7.9 3.3 KENTUCKY 301.8 308.5 9.1 4.7 M IS S IS S IP P I 319.1 327.8 11.3 5.9 M ISSOU RI 274.2 275.8 2.3 4.7 TENNESSEE 311.0 314.6 4.7 5.3 UNITED STATES CMV S T A T E SUMMARY STATE SUMMARY-PERSONAL INCOME C Q M P W N P EP ANNUAL RATES OF CHANCE QUARTER INITIAL QUARTER_____ 1-78 2-78 3-78 4-78 1-79 2-78 18,6 3-78 16,0 13.4 4-78 14.9 13.1 12.8 1-79 14.6 13.3 13.2 13.6 2—T9 13*0 11*7 11,1 10*3 - T * L 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-B2 3-82 206.0 212.6 219.1 226.2 ..... ... ...... ......... ... ___________ __________ _________ -.-... . ... _ . ........ . ... 230.1 237*3 -4=12___ 12.6 11,6 11.2 10,9 10.0 11.4 .242.9 9.8 -2=80__ 10*3____9*3__ 8*0___ 8.1 246.3 _2=flfl__ 10*9.-10,1___ 9.7 255.8__ 9.9 9.3 9.6 10*6 9.0 9 . 3 ___8 * 0 __ 8.3 10*0__10.9 10.0 263.0 -1=81____11,5 10 .9 1Q.6 10.0 11.4 15.0 14.4 17.1_______ 273.6 -2=81----11»P 10*4 10t2____ 9*9___ 9*3___ 9*8___ 2*4___ 9.3 10.2 12.7 11.5 11.3__5*S_ 277*5 __ 9*9___10.3___9,9 _9*J___ 9,4___ 2*2___ 9,3 9 , 9 1 0 , 8 ___ 12.9 12.1 12. 2 ___9.8 9.2 10*5 9*9 11*5 1-82___ 10*1___ 2*5 9.3 9.0 8.6___ 8*8___ 8*2__8*2____8*4___ 9.7 2-82 9.9 9.1 8.9 8.5 -3=8? 9.7 9.2 8.9 8.7 -6=8?, 9.5 9,0 8.8 8.5 1-78 2-78 3-78 4-78 1-79 9.4 8.7 13,9 _____ 8.1 5.9 6,0 2.2 8.6 8 .2 8.1 8.3 8.4 8.1 7.9__ 8 . 2 ___9 * 1 ___8.2 _ 7,7 6.2 __ 6,3 4,4 8.2 8.3 7.9 7.7 8.0 8.7 7.9 7.5 6.1 6.2 4.7 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 8.5 9.4 8.5 286*7 10*2___ 8*0___2*1__4*4 7.9 6,2___ 6,3 __289*6_ j&*q_ ■289,8. 3,8 -294*9, 4.4 6.7___6.2 299.4 303.7 -4*1 4-81 1-82 2-82 3-82 INITIAL QUARTER PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS MAY. 1983________________________________________ PREPAREO BY FEOERAL RESERVE BANK OF ST. LOUIS 5 ... INCOME AND TRADE INDICATORS FARM CASH RECEIPTS SEASONALLY ADJUSTED I N DE X : 1 9 7 1 - 1 0 0 1971-100 1971-100 KENTUCKY MISSOURI 450 350 450 — 350 — 250 250 150 150 1 1 1 1 1 1 1 1 1 1 1 ..-1.1 1 1 1 1J -L -L -L -L - 50 I ■ ■ I ■ ■ I 1_L I I I I I I I I I I j 350 < JL l TENNESSEE 450 250 1 1 1 1 1 1 » I 1 I 1 ■1 1 1 L 1 1 1 - L - L L . i i 1 i i L i l - L l j ~ 450 — 350 \ A ^ r ^ ____/ V A. 250 150 50 50 1 50 ■« 11» 1» 1111 ■■1■.......... ■■1■■1■■1■■ _1 11M 111111 111II 111111 111 m 11111..1- 1977 1978 LATEST DATA PLOTTED: FEBRUARY 1979 1980 1981 1982 i 111..-d ir 1983 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 6 50 INCOME AND TRADE INDICATORS FARM CASH RECEIPTS SEASONALLY ADJUSTED __________INDEX; 1971-100_______ COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING FEBRUARY 1983 FROM SAME MONTHS A FROM PREVIOUS 3 MONTHS__ DECEMBER 1982 JANUARY 1983 FEBRUARY 1983 297.7 284.8 278.8 21.8 2. 2 298.7 283.3 243.1 32.3 3. 4 ARKANSAS 332.8 210.4 217.5 -27.2 -4. 8 KENTUCKY 302.2 427.9 347.2 77.1 13. 8 M IS S IS S IP P I 336.1 282.9 178.4 189.3 21. 4 M ISSO U RI 234.0 192.0 215.3 -31.8 -15. 8 TENNESSEE 302.0 378.4 324.7 158.1 30. 7 UNITED STATES CMV S T A T E SUMMARY STATE SUMMARY-FARM CASH RECEIPTS _________________________________________________________ COMPOUNDED ANNUAL RATES OF CHANGE_______ TERMINAL QUARTER 2-78 3-78 ___IN]tTIAL QUARTER_______ 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-aO 4-80 1971*100 1-81 2-81 3-81 4-81 1-82 2-82 3-82 -2.6 229.2 -12.5 -21.4 215.8 4-78 0.6 2.2 32.9 1-79 16.1 23.1 54.0 78.5 11.1 -30.9 231.7 267.8 2-79 4.7 6.5 17.9 3-79 0.7 1.4 8.1 4-79 4.6 5.8 12.3 7.6 -9.1 4.3 30.6 1-80 6.3 7.6 13.4 9.8 -2.7 9.0 24.7 2-80 0.3 0.6 4.2 0.1 -10.8 -5.0 3-80 7.0 8.1 12.5 9.8 1.3 9.4 17.1 12.9 9.9 4-80 3.2 CO • 7.0 4.2 -3.5 2.0 6.2 0.8 -4.6 244.2 0.9 -24.1 -16.7 233.3 249.4 19.0 260.5 -0.7 -13.5 -37.1 232.0 273.1 17.5 -28.L 251.5 1-81 2.1 2.6 5.3 2.6 -4.2 0.4 3.5 -1.2 -5.7 8.0 -19,1 -8.9 2-81 4.6 5.3 8.1 5.9 -0.1 4.6 8.1 4.8 2.1 15.3 -2.8 13.0 40.3 3-81 5.8 6.5 9.2 7.3 2.0 6.5 9.8 7.1 5.3 16.7 3.0 16.1 31.1 4-81 4.3 4.8 7.2 5.3 0.4 4.2 6.8 4.1 2.2 10.8 -0.8 7.5 13.6 1-82 3.3 3.7 5.8 4.0 -0.6 2.7 4.9 2.4 0.5 7.4 -2.5 3.6 7.0 2-82 3.8 4.2 6.2 4.5 0.3 3.4 Ml Ml 92.0 3.2 1.6 7.9 -0.6 4.9 7.9 3-82 1.0 1.3 2.9 1.1 -2.9 -0.3 1.2 -1.1 -2.9 __ l*9_ J“5.9 -2.2 -1.1 4-82 3.8 4.2 6.0 4.5 0.8 3.5 5.3 3.4 2.1 7.2 0.5 4.7 6.8 2.1 -1.5 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 INITIAL QUARTER 245.7 267.4 22.5 281.3 2.3 -14.6 270.4 -2.2 -12.7 -10.6 1.0 -5.3 -0.2 262.9 11.4 270.1 241.8 “7.7 -14.0 -13.8 -15*4 -35.8 2.0___£j»6___ 4-81 1-82 2-62 ____ 275.9____ 3-82 ~ PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS _____ HAY* 1983 _____________________ ______________ PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 EMPLOYMENT INDICATORS TOTAL EMPLOYMENT SEASONALLY ADJUSTED I N D EX : 1 9 7 1 - 1 0 0 1971-100 1 35 - 1971-100 1 35 -------------------------- !-------------------------- U. 8 . ______ STATES 1 25 —— i, 115 1 15 1 05 105 95 i i 1 i i 1 i i 1 i i ........................... 1977 1978 I I 1 1 L.1,1 l.J.LI 1979 « « 1 ■» 1 » » 1 » » ■■i ■■ i ■■ i 1980 1981 KENTUCKY MISSOURI 8 ■. 1 1 1 11 Li 1 1 1j1982 ««1 » » 1 « « 1 «i 1983 95 EMPLOYMENT INDICATORS TOTAL EMPLOYMENT SEASONALLY ADJUSTED __________INDEX: 1971-100_______ U N 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 FF : AR KENTUCKY EVANSVILLE: IN -K Y LOUISVILLE: K Y -IN 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 M EMP H IS : T N - A R COMPOUNDED ANNUAL RATES OF CHAN6E 3 MONTHS END INO MARCH 1083 FROM SAME MONTHS A FROM PREVIOUS 3 MONTHS YEAR AGO JANUARY . 1981 ... FEBRUARY 1983 MARCH 1983 124.9 119.7 113.5 132.6 128.8 124.8 119.6 113.5 132.8 128.3 124.9 119.6 113.9 131.9 127.7 0.0 -0.3 -1.7 6.6 1.6 -0.6 -0.9 -1.4 1.5 -3.8 139.8 120.1 127.4 123.8 112.5 126.3 106.6 107.7 135.3 1)8.2 108.6 140.8 118.8 126.4 123.3 113.3 126.0 107.2 107.9 136.9 117.8 106.9 140.2 118.3 125.5 123.0 110.9 126.1 108.7 109.4 138.7 117.8 107.0 4.7 3.8 7.3 4.3 1.4 0.0 -7.8 -5.4 -9. 1 -0.7 0.0 1.9 -1.6 0.0 0.2 -1.7 -1.3 -2.6 -1.7 -0.2 -0.4 -1.8 STATE SUMMARY-TOTAL EMPLOYMENT C P H P Q U N P E P A N N U A L R A T E S OF C H A N G E TERMINAL_________ ______________________________________________INITIAL QUARTER___________________ __________________________________ 1971*10X1 QUARTER 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-8Q 2-BQ 3L-8<1 4-80 1-81__ 2-81 3-81__4-81 1 -8 2 2 -8 2 3 -8 2 4 -8 2 3-78 3.4 4— 78 3.2 3.0 119.7 1-79 2.6 2.2 1.3 2-79 2.6 2.3 2.0 2.7 3-79 2.6 2.4 2.2 2.7 2.7 4-79 2.4 2.2 2.0 2.2 2.0 1.3 1-80 2.0 1.7 1.5 1.5 1.1 0.3 -0.6 120.6 121.0 121.8 122.6 123.0 122.8 2-80 1.5 1.2 0.9 0.8 0.3 -0.4 -1.3 -1.9 3-80 0.9 0.5 0.2 0.0 -0.5 -1.3 -2.2 -2.9 -3.9 4-80 0.9 0.7 0.4 0.2 -0.2 -0.7 -1.4 -l.l 1.7 1-81 1.4 1.2 1.0 0.9 0.7 0.4 0.4 1.2 3.8 6.1 0.2 122.2 121.0 121.5 123.3 2-81 0.9 0.7 0.4 0.3 0.0 -0.3 -0.6 —0.6 -0.2 1.0 0.7 -4.5 3-81 0.9 0.7 0.5 0.5 0.2 -0.1 -0.3 -0.2 0.1 1.2 1.0 -1.5 4-81 0.8 0.6 0.4 0.3 0.1 -0.2 -0.4 -0.4 -0.1 0.7 0.4 -1.4 0.2 -1.3 1-82 0.4 0.2 0.0 -0.1 -0.3 -0.6 -0.8 -0.9 -0.7 -0.2 -0.5 -2.1 -1.3 -2.8 -4.2 2-82 0.2 -0.0 -0.3 —0.4 -0.6 -0.9 -1.1 -1.2 -1.1 -0.7 -1.1 -2.5 -2.0 -3.1 -4.1 -3.9 -1.7 0.7 121.9 122.4 1.7 122.0 120.7 119.5 3-82 0.2 0.0 -0.2 -0.3 -0.5 -0.8 -1.0 -1.0 -0.9 -0.5 -0.8 -2.0 -1.4 -2.2 -2.5 4-82 0.2 0.0 -0.2 -0.3 -0.5 -0.7 -0.9 -0.9 -0.8 -0.5 -0.7 _1>7 -1.2 -1.8 -1.9 1-83 0.2 -0.0 -0.2 -0.3 -0.5 -0.7 -0.9 -0.9 -0.8 -0.5 -0.7 -1.5 -1.1 -1.5 -1.6 -0.9 0.1 -0.2 -0.3 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 4-82 119.7 119.6 INITIAL QUARTER PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 EMPLOYMENT INDICATORS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT PERCENT ARKANSAS KENTUCKY M IS S IS S IP P I MISSOURI TENNESSEE 10 EMPLOYMENT INDICATORS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT MONTHLY AVERAGE 3 MONTHS ENDING UNITED 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 BL UFF: AR KENTUCKY EVANSVILLE: IN -KY LOUISVILLE: K Y -IN M IS S IS S IP P I M ISSO U 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- AR JANUARY 1983 FEBRUARY 1983 MARCH 1983 MARCH 199? DECEMBER 1982 10.4 10.5 10.3 9.6 12.6 10.4 10.6 10.4 9. 1 11.0 10.3 10.6 10.4 9.0 10.7 10.4 10.6 10.4 9.2 11.4 10.7 11.5 10.8 10.6 11.5 7.8 10. 1 10.4 10.4 12.1 11.3 9.7 10.4 7.8 11.9 9.9 7.4 10.0 10.5 10.3 11.5 11.6 9.7 10.8 7.9 12.0 9.9 7.3 9.4 10.9 10.9 13.2 11.3 9.9 10.4 8.2 11.7 9.9 7.5 9.8 10.6 10.5 12.3 11.4 9.8 10.5 8.0 11.9 9.9 8. 1 11.3 12.0 11.1 13.2 12.2 10.0 10.9 8.3 13.0 10.0 C I V I L I A N LABOR FORCE SEASONALLY ADJUSTED _______ THOUSANDS OF PERSONS JANUARY 1983 U N ITE D STATES CMV S T A T E SUMMARY CMV M E T R O P O L I T A N SUMMARY ARKANSAS FORT 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 BL U FF : AR KENTUCKY EVANSVILLE: IN -KY LOU ISVILLE: K Y -IN M IS S IS S IP P I M ISSO URI 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 H IS : T N- AR FEBRUARY 1983 MARCH 199? COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1963 FROM SAME MONTHS A FROM PREVIOUS YEAR AGO 3 MONTHS 112,215.0 8,171.7 2,523.7 1,037.2 87.9 112,216.9 8,173.9 2,527.1 1,033.4 85.9 112,148.0 8,169.8 2,536.0 1,025.5 85.3 2.4 -4.4 -3.6 0.7 1.4 2.7 0. 1 -0.2 1.4 -2.6 199.7 38.7 1,699.6 150.3 436.3 1,059.1 2,255.8 1,101.4 107.2 2,128.9 404.0 200.3 38.2 1,688.1 149.6 436.0 1,060.7 2,268.4 1,107.4 108.6 2,123.6 397.5 199.2 37.8 1,683.0 150.3 435.6 1,057.4 2,305.2 1,117.5 110.3 2,118.3 398.2 1.4 -3. 1 0.7 1.6 -2.4 -3.2 -8.4 -7.1 -10.3 -5.5 -0.7 1.9 -1.3 1. 1 0.6 -0. 1 0. 1 -1.5 -0.2 1.4 0.6 -1.3 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 1I EMPLOYMENT INDICATORS AVERAGE HOURLY EARNINGS MANUFACTURING AVERAGE WEEKLY HOURS WORKED MANUFACTURING SEASONALLY ADJUSTED SEASONALLY ADJUSTED DOLLARS PER HOUR HOURS PER WEEK ARKANSAS M IS S IS S IP P I TENNESSEE — ^ — — _ 1111111l1ll 11111111111 11111111111 11111111111_l111111111t* 1979 1981 1982 1980 1983 11111111111 1111111l 1l i 11111I 11111 11111111111 11111111111 1979 1980 1981 1982 1983 LATEST DATA PLOTTED: MARCH / -------- 12 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 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 FF : AR KENTUCKY L O U I S V I L L E : K Y - 1N M IS S IS S IP P I M ISSO U 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 - AR COMPOUNDED ANNUAL RATES OF CHAN6E S MONTHS ENDING MARCH 1983 FROM SAME MONTHS A FROM PREVIOUS 3 MONTHS YEAR A60 JANUARY 1983 FEBRUARY 1983 MARCH 1983 8.71 7.71 9.28 6.86 6.84 8.75 7.78 9.36 6.93 6.99 8.75 7.78 9.42 6.97 7.14 5.5 4.9 6.1 5.9 5.6 4.5 4.3 4.9 5.3 5.4 8.04 8.79 8.60 9.95 6.55 8.62 9.84 7.74 7.30 8.10 8.15 9.02 8.51 9.78 6.50 8.76 9.96 7.88 7.39 8.23 8.13 8.97 8.66 10.01 6.51 8.70 9.96 7.99 7.42 8.19 1 1.6 -1.4 7.6 5.5 0.4 4.8 4.0 9.0 3.7 14.0 6.0 6.5 2.8 3.1 3.9 4.4 5.2 4.8 5.0 6. 1 AVERAGE WEEKLY HOURS WORKED - MANUFACTUR1NG SEASONALLY ADJUSTED MONTHLY AVERAGE 3 MONTHS ENDING HOURS PER WEEK U N 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 BL UF F: AR KENTUCKY 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 M EMP HI S: T N - AR JANUARY FEBRUARY MARCH MARCH DECEMBER 1963 1983 1983 1983 1982 39.8 39.7 39.5 40.2 38.9 3 9. 1 39.6 39.5 39.6 39.2 39.6 39.4 39.7 39.8 38.6 39.5 39.5 39.6 39.9 38.9 38.9 38.8 38.7 39. 1 38.7 40.7 41.3 39.2 39.7 39.6 39.5 39.4 40.2 40.4 4 0. 1 39.9 40.6 39.3 38.9 39.7 39.3 39.6 40.7 4 0. 1 40.4 40.0 40.8 38.8 39.9 39.5 39.2 39.4 40.3 39.8 39.9 40.2 40.9 3 9. 1 39.5 39.6 39.3 39.5 40.4 4 0. 1 4 0. I 39.7 40.7 38.7 38.6 39.2 38.3 38.6 40.3 38.9 38.6 , PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 13 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT - SELECTED I N D U S T R I E S * SEASONALLY ADJUSTED I N DE X : 1972-100 1 50 1 ____ ^U.l. 1 30 _ STATES ____ 1972-100 CHEMICAL, PETROLEUM, AND RUBBER PRODUCTS 1972-100 150 — 110 110 90 90 70 1 30 -1 1 1 l.lll 1 l-L l. i 11111 m ........ 1 ■ ■ ■ ■ 1 ■ ....... II 1 II 1 II 1 1 1 ■. i ■ ■ i ■ ■ i ■r ............ 70 CONSTRUCTION 150 130 — __________ 110 90 70 .............................. ■ ■ ................. ■ I■■I«■I■ ■I'■I■» I■■I III■ I'■ I■■ I■ ■I■ 'I■■1 ''I I i i I i i I m m ELECTRICAL EQUIPMENT FOOD AND KINDRED PRODUCTS 150 130 110 90 70 LUMBER AND FURNITURE 150 130 150 — 130 — 110 _ ----------------- - 90 70 — — — — L 1 1 1 1 1 I I 1 L-L 1 1 1 1 1 1 1 i 1 I t 1 1 1 1 1 1 1 i 1.1.1- » * 1 * « 1 ■»1 « » » »1 « » 1» » 1» l -i i 1 i i 1 i i 1 i i ...... I■ ■ l ■ ■ 110 90 70 TE X T IL E , APPAREL, AND LEATHER 150 130 1 50 — 1 30 — I 10 110 - 90 70 90 .. i .. i .. I .. 1977 1 111 1 1 111 1978 l l 1 1 . 1 1 1979 . . . . . . 1 1 1 11 1 11 1 1 1 1980 LATEST DATA PLOTTED: MARCH l i 1 111 1 11 1981 i l i i i i i T i i i i r 1982 1 111 1 1 11 1 11 1983 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 14 70 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT - SELECTED I N D U S T R I E S * SEASONALLY ADJUSTED __________INDEX-. 1972-100 COMPOUNDED ANNUAL RATES OF CHAN6E 3 MONTHS ENDING MARCH 1983 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS YEAR AGO JANUARY 1983 FEBRUARY 1983 MARCH 1983 U N 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 KI NDRE D PRODUCTS LUMBER AND F U R N I TU R E T E X T I L E , AP PARE L, AND LEATHER 105.7 101.0 108.3 93.8 88.4 105.9 97.4 108.7 93.2 88.8 106.3 97.1 109.3 93.3 90.1 0.0 -1.2 2.6 -2.5 10.0 -3. 1 -3.2 -3.6 -1.7 1.8 77.7 77.6 77.6 0.0 -5.4 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 KI NDRED PRODUCTS LUMBER AND F U R N I TU R E T E X T I L E , AP PARE L, AND LEATHER 108.6 99.5 94.8 104.5 78.8 108.9 96.5 94.9 104.4 79.6 108.3 95.2 94.7 105.5 80. 1 -2.5 12.9 2.6 2.3 14.8 -4.7 -1.4 -4.2 1.1 -0.5 80.5 79.8 79.4 1.5 -3.2 ARKANSAS CONSTRUCTION E L E C T R I C A L EQUIPMENT FOOD AND KI NDRE D PRODUCTS LUMBER AND F U R N I T U R E PAPER AND P R I N T I N G T E X T I L E , AP PARE L, AND LEATHER 93.8 118.9 135.7 74.4 131.9 90.9 120.0 135.2 74.6 129.7 89.7 122.6 135.2 76.3 129.3 46.3 3.4 -2.3 15. 1 2.8 3.4 -3.1 2.0 -1.2 2.2 70.7 70.0 68.9 1 1.7 -7.3 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 KI NDRED PRODUCTS NO NE LE CTRI CAL MACHINERY T E X T I L E , AP PARE L, AND LEATHER 123.4 99.4 69.2 87.3 103.7 121.9 98.2 68. 1 86.4 100.5 120. 1 94.8 68.7 89.5 98.4 -3.8 50.7 12.5 1.4 4.5 -4. 1 6.1 -3.5 -3.8 -17.7 83.9 83.7 84.9 4.4 -0.6 122.7 118.4 116.5 81.1 119.3 118.9 117.6 82.1 115.3 121. 1 120.1 83.0 18.7 15.0 4.2 12.0 -0.3 -2.7 4.7 -2.6 86.8 79.8 86. 1 77.4 84.9 75.7 0.9 -30.9 -3.7 -19.1 102.7 101.0 91.3 104.5 100.9 102.0 91.4 104.0 101.0 99.9 91.1 104.1 -2.7 -0.4 5.9 -1.5 1.4 -4.9 1.3 -2.1 73.5 80.8 72.6 84.6 71.7 80.0 -2.7 0.5 -4.3 -1.3 101.0 90.6 105.8 77.0 114.8 101.8 86.1 104.8 77.4 115.0 101.4 82.4 105.6 77.1 116. 1 -3.1 3.3 3.1 9.9 5.4 -6.8 -11.1 0.8 -2.5 -3.3 107.0 106.2 105.6 5.0 -2.5 M IS S IS S IP P I CONSTRUCTION E L E C T R I C A L EQUIPMENT FOOD AND KI NDRE D PRODUCTS LUMBER AND F U R N I TU R E T E X T I L E , AP PARE L, AND LEATHER TRAN SP ORTA TI ON EQUIPMENT M ISSO U R I CONSTRUCTION E L E C T R I C A L EQUIPMENT FOOD AND K I ND RE D PRODUCTS PAPER AND P R I N T I N G T E X T I L E , AP PARE L, AND LEATHER T RANSPORTATI ON EQUIPMENT TENNESSEE C H E M I C A L , PETROLEUM, AND RUBBER PRODUCTS CONSTRUCTION FOOD AND KI NDRE D PRODUCTS LUMBER AND F U R N I T U R E PAPER AND P R I N T I N G T E X T I L E , AP PARE L, AND LEATHER XALL CATEGORIES ARE MANUFACTURING EXCEPT CONSTRUCTION. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 15 EMPLOYMENT INDICATORS MANUFACTURING EMPLOYMENT NONMANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED I N DE X : 1972-100 1972-100 ARKANSAS 1 60 1 11 1 40 1 60 - — — 1 20 1 20 _ 1 00 80 1 40 — — 111I I 111111 u l i i l n l n 1 00 nlnlnl.i.i, u l i i l n l n » » 1 I I 1 I I 1 1 » ■« 1 ■■1 BI 1 1 ■ l l l l l l u l l l ■i.i l . u l n l u i ± 1 h . L jl 1 i .i . i i l i l L l l L l i . 80 KENTUCKY TENNESSEE — 1 60 — 1 40 1 20 100 11111111111 11111111111 11111111111 11111111111 11111111111 1979 1981 1980 1982 1983 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 16 80 EMPLOYMENT INDICATORS MANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED __________INDEX: 1972-100_______ U N 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 FF : AR KENTUCKY EVANSVILLE: IN -K Y LOUISVILLE: K Y -IN M IS S IS S IP P I M ISSO U RI 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 H IS : T N - AR COMPOUNDED ANNUAL RATES OF CHAN6E 3 MONTHS END INO MARCH 1983 FROM SAME MONTHS A FROM PREVIOUS 3 MONTHS YEAR AGO JANUARY 1983 FEBRUARY 1983 MARCH J983 95.0 93.6 81.8 105.0 104.4 95.0 93.5 81.6 104.3 104.0 95.6 93.3 81.5 104.4 104.4 0.8 1.7 -0.5 4.3 -2.6 -6.4 -4.7 -7.4 -2.8 -4.0 88.2 96.8 89.6 89.9 72.3 95.2 90.9 80.5 91.3 94. 1 84.5 88.2 94.4 88.8 89.9 72.0 95. 1 90.7 80.6 93.4 93.8 83.9 88.0 95.8 90.4 76. 1 73.9 94.8 89.6 81.2 91.5 93.5 83.7 -9.0 -4.5 5. 1 -9.7 9.3 0.0 0.0 -2.0 -6.7 2.6 -3.3 -10.6 -7.2 -5.7 -9.4 -11.4 -5. 1 -4.3 -5.3 -7.8 -4.9 -7.3 NONMANUFACTURING EMPLOYMENT SEASONALLY ADJUSTED __________INDEX: 1 9 7 2 " 100_________ 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 LOU ISVILLE: K Y -IN M IS S IS S IP P I M ISSO U RI S T . L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE M E MP H I S: T N - A R COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 1983 FROM SAME MONTHS A FROM PREVIOUS YEAR AGO ___ 3 MONTHS__ JANUARY FEBRUARY 1983 1983 MARCH 1983 129.7 126.5 123.5 134.0 140. 1 129.3 126.8 123.5 134.2 141.1 129.7 125.8 122.7 133.7 140.8 0.6 2.9 2.6 5.2 4.4 -0.6 -0.4 -0.3 1.0 -3.2 139.0 121.6 129.5 133.2 121.2 134.6 1 20.1 119.8 147.4 126.0 119.3 139.4 120.8 129.8 132.5 1 21.1 134.3 120.3 119.7 149.2 126.2 118.7 139.4 120.8 129.6 132.3 120.6 133.6 119.8 118.9 147.2 125.4 118.1 7.2 7.6 8.8 9.9 2.0 0.9 2.0 0.7 1.6 1.0 2.7 2.5 -2.3 0.7 0.2 -0. 1 -0.4 -0.2 -0.7 2.5 -2.0 -0.7 17 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED I N D EX : 1972-100 1972-100 135 1972-100 1 25 1 15 105 95 ARKANSAS KENTUCKY 135 1 25 1 15 1 05 95 M IS S IS S IP P I 1 35 1 25 1 15 1 05 95 MISSOURI 18 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED I N DE X : 1972-100 1972-100 1972-100 1 35 125 1 15 1 05 95 19 EMPLOYMENT INDICATORS PAYROLL EMPLOYMENT SEASONALLY ADJUSTED _________ INDEXt 1972-100 U N ITED STATES CMV S T A T E S UM MAR Y 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 E V A N S V I L L E : 1N - K Y LOU ISVILLE: K Y -IN M IS S IS S IP P I M ISSOURI S T . L O U I S : M O - 1L S P R I N G F I E L D : MO TENNESSEE MEMPHIS: TN-AR JANUARY 1983 FEBRUARY 1983 MARCH 1 20 .7 1 16 . 8 1 1 1 .9 1 24 . 8 1 27 .3 120.5 117.0 111.8 124.7 126.9 120.8 116.0 110.9 124.2 126.6 0.7 2.8 1.8 4.6 1.0 -1.7 -1.4 -1.8 -0. 1 -3 .6 126 .7 116. 1 1 1 8 .6 1 1 7 .6 1 05 . 0 1 2 1 .9 (12.5 1 0 8 .6 1 3 2 .0 1 1 5 .3 1 12 .4 128.8 114.7 118.6 117.4 105. 1 121.8 112.6 108.3 133.3 115.2 111.6 128.7 115. 1 118.6 112.4 105.6 121.5 111.8 107.7 131.7 114.4 111.1 4. 1 6. 1 7.0 3.2 3.5 1.3 1.1 0.0 0.3 1.4 1.4 0.4 -3.3 -0.8 -2.5 -3.0 -1.2 -1. 1 -1.8 0.4 -2.8 -1.7 1983. STATE SUMMARY— TOTAL PAYROLL EMPLOYMENT ______ COMPOUNDED ANNUAL RATES OF CHANGE_____ TERMINAL QUARTER COMPOUNDED ANNUAL RATES OF CHAN6E 3 MONTHS ENDING MARCH 1983 FROM SAME MONTHS A FROM PREVIOUS yea r AGO 3 MONTHS__ ... INITIAL QUARTER 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 3-78 3.7 4-78 3.4 3.0 1— 79 2.8 2.3 1.6 2-79 3.0 2.8 2.6 3.6 3-T9 2.5 2*1 1-9 2.0 0.3 4-79 1.9 1.5 1.1 1.0 -0.3 -1.0 1-80 1.2 0.8 0.4 0.1 -1.1 -1.8 -2.6 2-80 0.4 -0.0 -0.5 -1.0 -2.1 -2.9 -3.9 -5.1 3-80 -0.0 -0.5 -1.0 -1.4 -2.4 -3.1 -3.8 -4.4 -3.6 4-80 0.1 -0.3 -0.7 -1.0 -1.7 -2.1 -2.4 -2.4 -1.0 1.7 . lt « i 0.4 0.1 -0.3 -0.5 -1.1 -1.3 -1.4 -1.1 0.3 2.3 3.0 1972*100 1-81 2-81 3-81 4-81 1-82 2-82 3-82 4-82 121.1 122.0 122.5 123.6 123.7 123.4 122.6 121.0 119.9 120.4 121.3 2.-81 0.1 -0.2 -0.6 -0.8 “ 1-3 -1.6 -1.7 -1.5 -0.6 0.4 -0.2 -3.3 3-81 0.0 -0.3 -0.6 -0.8 -1.3 -1.5 -1.6 -1.4 -0.7 0.1 -0.4 -2.1 4-81 -0.1 -0.4 -0.7 -0.9 -1.4 -1.6 -1.6 -1.5 -0.9 -0.3 -0.8 -3*1 -1.5 -2.0 1.-82. -0.4 -0.7 -0.9 -1.2 -1.6 -1.8 -1.9 -1*8 -1.3 -0.9 -1.4 -2.5 -2.2 -2.8 -3.6 2-82 -0.6 -0.8 -1.1 -1.3 -1.7 -1.9 -2.0 -1.9 -1.5 -1.2 -1.7 -2.6 -2.5 -3.0 -3.5 -3.3 3-82 -0.7 -1.0 -1.2 -1.4 -1.8 -2.0 -2.1 -2.0 -1.7 -1.4 -1.9 -2.7 -2.5 -2.9 -3.2 -3.0 4 t ®2. -0.8 -1.0 -1.3 -1.5 -1.8 -2.0 -2.1 -2.1 -1.7 -1.5 -1.9 -2.6 -2.3 -2.8 -3.0 -2.8 -2.5 -2.4 1-83 -0.6 -0.8 -1.1 -1.2 -1.5 -1.7 -1.7 -1.7 -1.3 -1.1 -1.4 -2.0 -1.8 -1.9 -1.9 -1.4 -0.8 0.2 2.8 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 4-82 120.3 120.0 -1.0 119.4 116.3 117.3____ -2.7 116.5 115.8 .. 116.6____ INITIAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MAY, 1983 20 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS NEW PASSENGER CAR REGISTRATIONS 1/ 1982 Jan. United States 2/ Domestically Produced Imported CMV State Summary Arkansas Kentucky Mississippi Missouri Tennessee Feb. Mar. Jan. Feb. 535,000 368,000 166,000 632,000 457,000 175,000 777,000 576,000 201,000 596,000 414,000 182,000 628,000 442,000 185,000 31,688 3,214 6,032 3,552 10,457 8,433 36,367 6,287 5,939 4,770 10,078 9,293 41,304 6,144 8,008 4,705 12,833 9,614 36,597 4,340 6,059 4,841 10,515 10,842 33,565 4,146 6,499 3,847 8,616 10,457 1_/ Used with permission of R. L. Polk and Company, not seasonally adjusted. 2/ New passenger car retail sales. Cumulative to Date 1983 Mar. Percent Change 1982 1983 821,000 600,000 221,000 1,944,000 1,401,000 542,000 2,055,000 1,506,000 588,000 5. 7 7. 5 8. 5 44,483 5,426 8,452 6,621 11,565 12,419 109,359 15,645 19,979 13,027 33,368 27,340 115,145 13,912 21,510 15,309 30,696 33,718 5. 3 -11. 1 7. 7 17. 5 -8. 0 23. 3 1982-■83 PRODUCTION AND PRICE INDICATORS VALUE OF CONSTRUCTION CONTRACTS L E T * NOT SEASONALLY ADJUSTED INDEXi 1 9 7 4 -1 0 0 R E S ID E N T IA L BUILDING NONRESI DENT IAL B UILDING 330 250 170 90 10 330 250 170 90 10 22 PRODUCTION AND PRICE INDICATORS VALUE OF CONSTRUCTION CONTRACTS L E T * NOT SEASONALLY ADJUSTED _____ INDEX: 1974-100 COMPOUNDED ANNUAL RATES OF CHANGE______ 4TH QUARTER 1902 1ST QUARTER 1983 173.8 151.0 153.0 153.2 105.6 1 8 3 .4 154.0 158.3 162.2 123.6 36.9 41.4 32.0 25.6 40.3 -17.2 -28.6 -21.4 -19,7 -27.7 205.8 89.9 137.5 219.6 67.6 149.3 186.0 205.6 236.4 130.6 122.3 151.6 54.0 150.2 147.0 122.5 134.6 189. 1 2 09 . 1 129.8 125.3 139.6 30.7 -68.0 31.1 -47.2 -7 .3 24.5 79.8 95. 1 -58.7 67. 1 81.1 -39.9 139. 1 -27.4 16.8 -2.9 -25.2 -36.0 -39.8 163.9 -38.8 -33.8 189.9 181.9 151.5 206.9 143.7 202.2 180. 1 164.3 208.2 1 3 2 .4 62.8 77.6 126.0 73.8 43.4 -25.0 -38.5 -47.5 -34.2 -39. 1 232.6 144.0 165.3 213.2 71.6 177.2 200.4 178.9 124.4 164.8 141.6 210.4 129.6 1 5 6 .4 220.3 67.8 178.8 203.6 207.9 182.8 1 6 3 .4 1 6 5 .7 214.5 -3.6 63.3 176.4 9.7 40.3 116.8 136.8 126.0 168.7 214.4 -53. 1 -9.7 -48.9 -67.5 -67.9 -31.4 -13.9 -14.3 -21.8 -53.7 -55.4 14.4 6.3 -4.8 -27.9 34.0 -9.0 -15.4 0. 1 6.4 19.0 -18.9 -87.2 4.5 -87.5 -12.6 -6.3 52.3 67.9 -87.1 -0.4 20.0 -29.7 369.7 1 1. 2 1 1 9 .2 163.0 -9.2 -46.3 -49.4 316.6 -22. 1 -15.0 1ST OTR 1982 TO 1ST OTR 1983 1ST OTR 1981 TO 1ST QTR 1981 Ifl.TAL BUILD I NS U N I T E D STATES CMV STATE SUMMARY CMV METROPOLI TAN 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 BL U FF : AR KENTUCKY EVANSVILLE: IN -K Y LOUISVILLE: K Y -IN M IS S IS S IP P I M I SS OU R I - EAST ST. LO U IS : M O - IL S P R I N G F I E L D : MO TENNESSEE - WEST ME MP HI S: T N - A R - M S RESIDENTIAL BUILDING U N I T E D STATES CMV STATE SUMMARY CMV METROPOLI TAN 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 BL UF F: AR KENTUCKY EVANSVILLE: IN -K Y LOUISVILLE: K Y -IN M IS S IS S IP P I M I S S O U R I - EAST ST. LOUIS: M O -IL S P R I N G F I E L D : MO TENNESSEE - WEST M EMP H IS : T N - A R - M S NONRESI DENT I AL B U I L D I N G 164.5 U N I T E D STATES 157.6 124.7 CMV STATE SUMMARY 116.2 158.5 CMV METROPOLI TAN SUMMARY 154.4 102.0 ARKANSAS 83.1 104.8 FORT S M I T H : AR-OK 34.4 L I T T L E ROCK-NORTH 151.4 L I T T L E ROCK: AR 167.4 23.3 P I N E B L U FF : AR 68.0 142.9 KENTUCKY 104.5 6 3. 1 EVANSVIL LE: IN -K Y 226.9 179. 1 LOUISVILLE: K Y -IN 63.5 78.2 M IS S IS S IP P I 113.5 175.7 M I S S O U R I - EAST 172.9 ST. LO U IS : M O - IL 230.2 2 10 . 1 72.7 S P R I N G F I E L D : MO 356.9 88.6 TENNESSEE - WEST 97.7 M E MP H I S: T N - A R - M S 105.9 1 1 7 .4 IK USED WITH THE PERMISSION OF D0D6E CONSTRUCTION POTENTIALS, MCGRAW-HILL INFORMATION SYSTEMS COMPANY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 23 PRODUCTION AND PRICE INDICATORS HOUSING PERMITS SEASONALLY ADJUSTED INDEX: 1 9 7 4 -1 0 0 1 9 7 4 -1 0 0 1 9 7 4 -1 0 0 ARKANSAS 400 —I 300 200 1 00 0 KENTUCKY M IS S IS S IP P I 400 300 200 1 00 0 MISSOURI 400 300 200 1 00 0 TENNESSEE 400 300 200 1 00 0 24 PRODUCTION AND PRICE INDICATORS HOUSING PERMITS SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE 1M EX-, I9 7 4 - 1 9 P FROM SAME MONTHS A YEAR AGO JANUARY 1983 FEBRUARY _ 1983 MARCH 1983 FROM PREVIOUS 3 MONTHS 132.3 147.5 135.7 199.3 83.0 140.5 133.0 128.4 440. 1 95.9 124.1 115.3 119.7 152.0 133.8 ARKANSAS L I T T L E ROCK-NORTH L I T T L E ROCKs AR 169.3 117.3 165.2 1,151.9 94.0 53.4 116.9 149.2 59.3 35.5 KENTUCKY LOUISVILLE: 122.3 72.0 118.8 113.8 105.2 68.4 134.0 336.5 62.3 213.7 98.4 81.5 158.5 208.7 77.4 138.7 131.8 147.3 138.1 126.3 164.3 690.6 341.9 200.9 136. 1 132.7 139.3 121.7 96.3 115.4 113.4 148.5 23.2 73.2 170.9 UNITED STATES CMV S T A T E SUMMARY CMV M E T R O P O L I T A N SUMMARY KY-IN M IS S IS S IP P I M ISSOURI ST. LO U IS : TENNESSEE M EMP H IS : M O - 1L TN-AR-MS STATE SUMMARY-HOUSING PERMITS COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER INITIAL QUARTER 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1974*100 1-81__ 2-81 3 -ai 4-si 1 -8 2 2 -8 2 1 —82 6- 8? 3-78 -32.9 4-78 -17.0 1-79 -35.1 -36.1 -60.3 _____ 2-79 -19.3 -14.2 -21.6 55.0_____________ 1 2 9 .2 11.5 -19.7 1 2 2 .3 1 4 4 .9 2.8 1 4 8 .9 1 15.8 3-79 -19.4 -15.6 -21.0 4-79 -26.2 -24.7 -30.4 -16.0 -38.2 -52.4 1-80 -25.4 -24.1 -28.6 -17.3 -32.9 -38.6 - 2 1 .0 2-80 -26.4 -25.4 -29.3 -20.6 -32.8 -36.7 -27.0 -32.6 10 1 .6 95.8 86.8 48.4 226.7____ _____ 4-80 -15.1 -12.8 -14.6 -4.7 -12.1 -10.5 _ 15.0 -1U3 _ 1 1 6 .7 50.3 -30.9 ______ 1Q6.4____ -3,1 -47.2 -59*7___________ _84.8 2- 81 -24.6 -23.8 -26,0 -20.7 -27.1 -28.1 -23.0 -23.4 -20.9 -50.7 -58.3 -56.9______ 68.7 3- 81 -28.6 -28.2 -30.5 -26.5 -32.4 -33.8 -30.6 -32.1 -32.0 -54.1 -59.9 -60.0 -62.9 51.6 4 —81 -26.7 -26.2 -28.2 -24.3 -29.5 -30.5 -27.2 -28.0 -27.2 -46.1 -49.3 -45.3 -38.6 123- 82 41-83 2*3 82 -20.3 -19.3. -20.8■20.7 -16.1-16.1 -20.6-15.5 -12.7 -30.0 -29.8 -19.3 -0.6 82 -19.6 -18.6 -19.9■19.7 -15.5-15.3 -19.7-14.7 -12.1 -27.2 -26.5 -17.2 -2.5 34.7 54.5 -19.3 -18.3 -19.6 -15.4 -19.2 -19.2 -15.2 -14.6 -12.4 -25.7 -24.9 -16.7 -4.9 20.3 27.0 -11.1 -14.1__________ 82 -12.5 -11.1 -11.9 -3.7 -1.7 -2.0 3*7 2-78 3-78 4-78 1-79 1.0 2-79 -7.1 -10.4 -9.7 -4.7 62.8 1 5 9 . 3 ____ -3.1 -7.9 0.5 -11.8 -9.1______ 2.1 17.9 2.6 8.9 11.8 17.1 5.7 10.8 25.7 46.5 84.2 107.2 95.9 152.0 331.6 440,1 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 1-82 ~ 4-81 2-82 3-82 8 7 .948.5 134.0 4-82 INITIAL“QUARTER ... PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS HAY, 1983 _______ _ ____________________________ PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 25 63.1 39 PRODUCTION AND PRICE INDICATORS PRICES RECEIVED BY FARMERS - UNITED STATES NOT SEASONALLY ADJUSTED MILK 350 270 190 1 10 30 TURKEYS 350 - - 270 \ ___ jT> — 190 1 10 i i 1i i 1l I 1IJ 111111II 111 111111II 111 11111111111 11111111111 1980 1981 1982 1983 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 26 30 PRODUCTION AND PRICE INDICATORS PRICES RECEIVED BY FARMERS - UNITED STATES NOT SEASONALLY ADJUSTED INDEX: 1971-100 A L L FARM 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 BR OI LE RS HOGS MILK TURKEYS COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS EN0IN6 MARCH 1983 FROM SAME FROM PREVIOUS MONTHS A 3 MONTHS* J m MO... JANUARY 1983 FEBRUARY -,,1983 MARCH _IM3_ 207.3 202.7 186.4 151.7 189.2 245.8 229.5 213.8 209.8 201.9 1 55 . 7 192.6 232.8 231.2 215.4 213.3 210.5 159.3 191.6 205.2 238.6 10.9 8.3 101.6 24.2 27.0 18.4 -13.6 -1.2 -4.9 2.3 -12.3 -7 .5 -0.1 13.9 210.6 187.4 187.5 308.5 235.0 145.5 216.5 197.0 201.3 313.0 235.0 1 49 . 7 215.0 203.2 184.6 278.9 233.3 150.6 11.8 32.5 29.9 -1.6 -3.8 -54.3 2. 1 1. 1 -2.6 14.9 0.0 -1.2 X SHARP CHAN6ES IN RECENT MONTHS ARE APPARENTLY DUE TO CHANGING PRICE EXPECTA TIONS INDUCED BY THE INTRODUCTION OF THE PAYMENT-IN-KIND (PIK I PROGRAM. PRICES— ALL FARR PRODUCTS COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER 1971*100 ... INITIAL QUARTER 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 3-78 0,0 4-78 4.4 8.9 1-79 16.8 26.3 46.3 2-79 14.7 20.0 26.0 8.5 3-79 10.1 12.8 14.2 0.8 -6.3 4-79 7.5 9.0 9.0 -1.1 -5.6 -5.0 1-80 6.1 7.2 6.8 -1.3 -4.3 -3.3 -1.7 -8.0 -13.9 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 4-B2 189.3 193.4 212.7 217.1 213.6 210.9 210.0 © 80 1 (M 3.4 3.9 3.0 -3.9 -6.8 -7.0 3-80 8.2 9.3 9.3 4.1 3.3 5.8 9.7 15.8 55.8 4-80 8.7 9.8 9.9 5.5 4.9 7.3 10.7 15.1 33.1 13.8 202.3 226.0 233.4 1-81 7.9 8.7 8.7 4.8 4.2 6*1 8.4 11.1 21.0 6.7 0.0 2-81 6.8 7.4 7.3 3.6 3.0 4.4 6.1 7.7 13.9 2.7 -2.5 -4.9 230.5 3-81 5.2 5.6 5.3 1.9 1.2 2.2 3.2 4.1 8.1 -1.3 -5.9 -8.7 -12.4 223.0 4-81 2.9 3.2 2.7 -0.6 -1.4 -0.9 -0.4 -0.2 2.3 -5.9 -10.3 -13.5 -17.5 -22.3 1-82 3.4 3.7 3.3 0.3 -0.4 0.2 0.8 1.1 3.5 -3.3 -6.4 233.4 -8.0 -9.0 209.4 -7.2 10.7 214.8 2-82 4.1 4.3 4.0 1.3 0.7 1.4 2.1 2.5 4.7 -1.0 -3.3 -4.0 -3.7 -0.7 12.3 13.9 3-82 3.4 3.7 3.3 0.8 0.2 0.6 1.3 1.6 3.5 -1.7 -3.7 -4.3 -4.2 -2,0 5.9 3.6 4-82 2.0 2.1 1.7 -0.7 -1.4 -1.0 -0.7 -0.6 0.9 -3.9 -5.9 -6.7 -7.0 -5.9 -1.2 1-83 2.4 2.6 2.2 -Q. l -0.6 -0.2 0.2 0.3 1.8 -2,3 -4.1 -4.6 -4.6 -3.3 1.1 -1.2 -5.8 -5.8 10.9— 2-78 3-78 4-78 1-79 2-79 3-79 4— 79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 4-82 221.9 .... -5.8 218.6 -4.9 -13.1 -19.9 ____ 206.8 212.2 INITIAL QUARTER PREPARED BY FEDERAL'RESERVE BANK OF ST. LOUIS MAY, 1983 _______ ___________ PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS PRODUCTION AND PRICE INDICATORS Farm Land Values Index 1977 = 100________________ ________ Percent Change February 1978 February 1979 February 1980 February 1981 April 1982 United States 109 125 145 158 157 9.0 -0.6 CMV State Summary 115 134 152 165 154 8.6 -6.7 110 110 112 113 115 115 112 137 125 130 133 129 127 122 163 135 150 147 156 154 136 188 144 161 153 198 165 146 196 131 140 154 189 153 138 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 Mi ssouri Tennessee 28 1980 to 1981 1981 to 1982 PRODUCTION AND PRICE INDICATORS Consumer Price Index-All Items* * A11 U r b a n C o n s u m e rs D a ta a r e q u a r te r ly th r o u g h M a r c h 1 9 7 8 ; t h e r e a f t e r , d a ta a r e b i-m o n th ly . UNITED STATES ST. LOUIS Percent Change to March 1983 All Items Food Housing Apparel and Upkeep Transportation Medical Care Entertainment Percent Change to March 1983 From Two Months Ago (Annual Rate) Index 1967 = 100 March 1983 From Two Months Ago (Annual Rate) From Previous Year Index 1967 = 100 March 1983 293.2 288.2 322.0 197.1 4.4 7.8 7.2 42.5 4.5 4.0 5.0 4.1 293.4 290.5 318.6 194.5 0.6 5.1 1.3 11.5 3.6 2.7 3.9 1.8 271.6 336.7 242.0 -10.8 0.9 9.4 1.3 9.3 5.3 287.4 352.3 244.6 -10.9 8.0 8.0 0.8 10.5 5.1 29 From Previous Year FINANCIAL INDICATORS METROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1 9 7 4 -1 0 0 240 - 200 1974-100 TOTAL LOANS TOTAL DEPOSITS 1974* 11 u .s. SMSA'S — 160 120 80 ■■1 I ■1 ■■I ■■ 1 i l l 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I I 1979 1980 1981 l l l l l l l l l l l J- lJ 11111 1 1 1 1982 1983 1979 1980 1981 1982 1983 240 200 160 120 80 LITTLE ROCK - NORTH L ITT LE ROCK: AR LOUISVILLE: K Y -IN LATEST DATA PLOTTED: MARCH PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 30 FINANCIAL INDICATORS METROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED 1NDEX: 1974-100 TfiT Al 1 OAKK L S I !AL_L UNITED STATES3** * METROPOLITAN SUMMARY* COLUMBIA: MO EVANSVILLE: IN-KY FAYETTEVILLESPRINGDALE: AR FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR LOUISVILLE: KY-IN MEMPHIS: TN-AR-MS PINE BLUFF: AR ST. LOUIS: M O - 1L SPRINGFIELD: MO TEXARKANA: AR TOTAL DEPOSIT? UNITED STATES** ^ METROPOLITAN SUMMARY* COLUMBIA: MO EVANSVILLE: IN-KY FAYETTEVILLESPRINGDALE: AR FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR LOUISVILLE: KY-IN MEMPHIS: TN-AR-MS PINE BLUFF: AR ST. LOUIS: M O - 1L SPRINGFIELD: MO TEXARKANA: AR COMPOUNDED ANNUAL RATES OF CHANGE 3 MONTHS ENDING MARCH 198 FROM SAME MONTHS A FROM PREVIOUS YEAR AGO 3 MONTHS JANUARY 1983 FEBRUARY 1983 MARCH 198? 206. 1 189.9 260.7 236.8 205.7 189.9 254.0 228.5 208.5 192.0 252.1 224.7 5.2 6. 1 44.6 0.7 7.0 5.6 13.5 6.0 236. 1 258.2 238.6 264.3 240.4 264. 1 4.5 39.2 9.6 18.6 235.8 228.1 143.6 202.2 172.5 205.7 291.8 234.4 224. 1 141.2 193.3 174.9 194.0 285.4 239.6 236.6 138.9 195.3 173.7 199.5 290.8 39.5 4.5 32. 1 -7.5 -7.5 20.3 12.3 24.5 1.4 24.5 1 1. 1 -4.2 17.1 22.1 197.6 180.9 237.1 231.3 201.9 180.3 251.9 230.4 203.6 182.1 258.8 231.5 18.9 12.4 41.4 21.5 11.2 9.0 13. 1 9.4 229.7 242.2 228.8 249.2 234.7 252.6 33.7 46.6 16.4 20.0 196.8 224.0 148.5 179.3 160.7 163.7 245.3 199.6 221.2 146.7 181.0 162.5 162.1 249.6 205.6 222.8 147.5 186.5 162.8 165.3 252.3 34.7 12.2 12.9 28.6 3.3 8.2 43.7 14.8 6.7 9.9 12.7 6.8 9.6 15.7 AVERAGE NUMBER OF MEMBER BANKS STATE SUMMARY (EIGHTH DISTRICT) METROPOLITAN SUMMARY* NONMETROPOLITAN SUMMARY ARKANSAS FAYETTEV1LLES P R 1NGDALE: AR FORT SMITH: AR LITTLE ROCK-NORTH LITTLE ROCK: AR PINE BLUFF: AR TEXARKANA: AR NONMETROPOLITAN AREAS KENTUCKY LOUISVILLE: KY-IN NONMETROPOLITAN AREAS ILLINOIS NONMETROPOLITAN AREAS INDIANA EVANSVILLE: IN-KY NONMETROPOLITAN AREAS MISSISSIPPI NONMETROPOLITAN AREAS MISSOURI COLUMBIA: MO ST. LOUIS: M O - 1L SPRINGFIELD: MO NONMETROPOLITAN AREAS TENNESSEE MEMPHIS: TN-AR-MS NONMETROPOLITAN AREAS .... 1.9.81.-. MARCH 1983 MARCH 1982 394.00 122.00 270.00 75.00 394.40 121.40 271.00 75.00 391.00 119.00 270.00 74.00 5.00 3.00 5.00 3.00 5.00 3.00 5.00 3.00 8.00 4.00 3.00 50.00 40.00 10.00 30.00 119.00 96.00 38.00 12.00 24.00 16.00 15.00 92.00 4.00 60.00 5.00 46.00 14.00 8.00 9.00 8.00 4.00 3.00 50.00 40.00 10.00 30.00 119.00 96.00 38.00 12.00 24.00 16.00 15.00 92.00 4.00 60.00 5.00 46.00 14.00 8.00 9.00 8.00 4.00 3.00 50.00 39.40 9.40 30.00 119.00 96.00 38.00 12.00 24.00 16.00 15.00 93.00 4.00 60.00 5.00 47.00 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 89.00 4.00 58.00 5.00 45.00 14.00 8.00 9.00 JANUARY .. LS.83 394.00 122.00 270.00 75.00 FEBRUARY X EXCLUDES BANKS IN TWO METROPOLITAN AREAS X X ALL DOMESTICALLY CHARTED COMMERCIAL BANKS PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 31 FINANCIAL INDICATORS NONMETROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1974-100 NONMETROPOLITAN ARKANSAS 260 — ^ — 1 1 1 220 260 — 180 180 140 100 220 140 ■ Ill 11 111111 i i l n l u l i i - u J .n l i i l u . J i L n l n l i i i bI i bI i i ■ ■ 11 ■ i ■ ■ i ■ ■ ■ 11 i ■ 1 ■ ■ 1 ■ ■ i i L l l I i x L u . « 11 ■ b i ■ ■ i ■ ■ ■ I l l l l l l l l l l I ii NONMETROPOLITAN KENTUCKY 100 NONMETROPOLITAN M I S S IS S IP P I 260 220 260 ^ — 220 — -- 180 180 140 100 140 111ullil.ll T . I . . I j j -L u . m I i i I i i I h I l l l l l l l l l l ■ I l l l l l l l l l l ■J.l.li 11 I I 11 1 l i l - L l l l l l l L 1 1 Li 1 1 1 1 1 II I I I . i l l . Ill Illllllllll NONMETROPOLITAN MISSOURI 100 260 — — 220 180 140 Illllllllll ■■1 ■1 1 ■ ■1 ■ ■ u L i l i i l n 1 1 11 1 1n 1ii ■■1■■1■i 1■■ 100 NONMETROPOLITAN TENNESSEE 260 — — 220 180 140 m IiiIm Iii Illllllllll. Illllllllll Illllllllll Illllllllll 100 1979 1980 1981 1982 1983 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 32 FINANCIAL INDICATORS NONMETROPOLITAN MEMBER BANK DATA SEASONALLY ADJUSTED INDEX: 1 9 7 4 - 1 0 0 _____________ COMPOUNDED ANNUAL R A T E S OF C H A N 6 E 3 MONTHS E N D I N G MARCH 1 9 6 3 F R O M SAME MONTHS A Y E A R AGO FEBRUARY 1983 MARCH FROM P R E V I O U S 199? ____ 3 M O N T H S ____ 21 9 .7 220.7 2 2 1 .3 7 .0 20 7.2 2 4 2 .4 2 0 5.6 2 5 1.0 207.1 209. 1 199.6 208. 1 2 4 4.2 2 0 3 .9 251.7 20 6.8 21 1 . 5 197.8 2 1 0 .9 2 4 3 .6 20 2.1 2 5 6.3 209. 1 2 1 1 .8 19 4.9 1 1.9 3.7 5.9 7 .4 0 .4 8.4 7 .2 205. 1 20 8.2 2 1 0 .3 2 2 .0 1 0 .6 194.5 2 1 0 .3 180.0 2 4 2 .8 2 2 7.6 20 3.2 176.5 198.9 2 1 2.6 184.3 24 7.6 2 2 9.4 20 5.9 17 8.0 20 3 .5 2 1 4 .2 181.7 25 0.3 23 1 .9 2 0 9 .2 17 7.5 38 .3 1 5 .0 1 3 .3 18 .0 17 .3 27 .9 11.1 1 2 .7 9 .4 6 .8 10 .5 10 .3 13 .6 8.0 JANUARY 193? . TOTAL LOANS NONMETROPOLITAN SUMMARY ARKANSAS IL LIN O IS INDIANA KENTUCKY M IS S IS S IP P I M IS S OU R I TENNESSEE 6.8 9.8 7.1 4. 1 8.5 2.1 6.6 2 .9 TOTAL DE P O S IT S NONMETROPOLITAN SUMMARY ARKANSAS IL LINO IS INDIANA KENTUCKY M ISSISSIPPI M IS SOU RI TENNESSEE MEMBER BANK DATA BY STATE SEASONALLY ADJUSTED ________________ I N D E X : JANUARY 1983 T O T A L L OA N S STATE SUMMARY (EIGHTH D IS T R IC T ) ARKANSAS ILLIN O IS INDIANA KENTUCKY M ISSISSIPPI M IS SOU RI TENNESSEE TOTAL D E P O S IT S STATE SUMMARY (EIGHTH D IS T R IC T ) ARKANSAS IL LIN O IS INDIANA KENTUCKY M IS S IS S IP P I M IS S OU R I TENNESSEE 1 9 7 4 - 1 0 0 ____________ FEBRUARY 1 9 8 3 ___ MARCH 1983 COMPOUNDED ANNUAL R A T E S OF C H A N G E 3 M O NTH S E N D I N G MARCH 1 9 8 3 FROM P R E V I O U S ____ 3 M O N T H S ____ F R O M SAME MONTHS A Y E A R AGO 198. 1 1 9 8.0 19 9.6 6.3 5 .9 2 2 3 .8 2 1 1.2 2 1 7 .5 2 3 2 .2 2 0 8.2 18 1.5 1 5 0.0 224. 1 21 3.1 21 3.5 22 9.3 20 7.7 183.6 14 7.8 2 2 6 .2 2 1 3 .4 2 1 1 .4 2 3 9 .7 2 0 9 .9 182.5 145.3 2 0 .9 7.1 5 .8 2.6 1.0 -5 . 1 2 8 .2 189. 1 189.7 19 1.5 15 .9 9 .6 20 0.7 18 3.5 2 0 2 .8 22 8.7 2 2 8 .4 173.6 1 5 2.2 20 5 .0 186.3 20 4.9 22 7 .5 23 0.6 175.3 15 0.8 209. 1 1 8 8.6 2 0 4.8 229. 1 2 3 2.6 176. 1 15 1.5 36. 1 20 .6 19 .0 13 .5 16 .8 4 .5 12 .8 14 .2 9 .3 9. 1 7.5 9.7 8 .0 9 .9 15 .8 6.8 6.0 2 .5 1.6 -2 .7 2 1 .0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 33 FINANCIAL INDICATORS SAVINGS AND LOAN ASSOCIATION DATA SEASONALLY ADJUSTED INDEX: ARKANSAS 325 275 1974-100 / — — - 325 — 22 5 225 175 125 275 175 .i l I h I u I ii n ln lu lii 11 1 I I 1 1 1 1-LL ■ulitlnln i i I i . l 1 i . i L i i. i d i i 11i l l i. ■11§ 11■■i ■■ »»1 * 11*» 1»* u l n l . i i l i L .ijl I n l 11 I n . KENTUCKY MISSOURI 34 125 FINANCIAL INDICATORS SAVINGS AND LOAN OCI AT I ON DATA SEASONAI JUSTED ___________ TOTAL S AV INGS U N I T E D STATES CMV STATE SUMMARY CMV METROPOLITAN 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 U FF : AR KENTUCKY L O U I S V I L L E : K Y - 1N M ISSISSIPPI M IS S OU R I S T . L O U I S : MO- 1L S P R I N G F I E L D : MO TENNESSEE M EMPHI S: T N - A R - M S MORTGAGE LOANS OUTSTANDI NG U N IT ED STATES CMV STATE SUMMARY CMV METROPOLITAN 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 U FF : AR KENTUCKY L O U I S V I L L E : K Y - 1N M ISSISSIPPI M IS SOU 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 - M S 1 9 7 4 - 1 0 0 _________ 3 COMPOUNDED ANNUAL R A T E S OF C H A N G E M O N T H S E N D I N G MA R C H 1963 FROM P R E V I O U S F R O M SAME MONTHS A ____ 3 M O N T H S ____ YEAR AGO JANUARY 1983 FEBRUARY 1983 247.5 236.7 2 32 .1 273.6 319.4 251.3 239.8 250.0 286.3 326.7 252.5 243.7 254.2 295.9 335. 1 29.8 22.3 27.8 62.0 53.9 1 1. 2 9.0 1 8. 2 17.8 17.6 3 40 .1 647.6 224.6 237.0 287.7 220.7 200.0 182.6 247.0 259.8 362.2 662.4 223.4 240.9 290.6 223.7 224.3 1 86.7 246.6 269.7 365.5 762.1 227.5 246. 1 292.7 226. 1 226.3 187.0 253. 1 276.6 111.8 163.5 11.6 43.7 10. 1 2 2. 1 1.3 21.7 20.4 78.7 89.4 157.1 4.8 25.3 5.6 9.0 2.9 6.9 8.6 29.0 204 .1 201.4 207 .1 211.8 252.2 204.6 201.2 208.8 219.7 262.3 202.6 201.7 210.5 226.8 269.7 2.4 -0.4 8.3 18.2 -7.2 -5. 1 -2.8 5.2 -2.0 -3.3 249.8 437.0 203.6 219.0 216.8 1 92 . 4 193 .2 1 68 .4 209.7 1 99 . 5 267.3 478.0 201.3 218.9 218.3 1 92 . 3 1 93 . 3 1 6 5 .0 206.4 201.8 268.4 535.8 199.9 215.7 217.6 193.0 195. 1 164.2 204. 1 202.7 86.2 1 5. 7 -2.7 9.7 -3.2 1.9 4.0 -12.6 -7.9 -3.3 52.4 4 6. 1 -3.7 8.0 -6 .8 -1 . 1 -1.6 -7.1 -4.5 9.0 MARCH 1983 NUMBER OF SAV1NGS AND LOAN ASSOC 1AT 1ONS U N I T E D STATES CMV STATE SUMMARY CMV METROPOLITAN 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 L O U I S V I L L E : K Y - 1N M IS S IS S IP P I M IS S O 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 M EMP H IS : T N - A R - M S SMSA OATA NOT COMPARABLE JANUARY FEBRUARY MARCH MARCH JAM- ■■ - U M — 1983 ±382 3 ,3 1 1 285 60 48 2 3,283 306 62 46 2 3,245 319 67 45 2 3,693 360 76 67 4 5 1 54 2 51 93 42 4 39 4 5 1 61 1 51 93 44 4 55 5 5 1 69 4 50 88 45 4 67 6 5 2 71 5 57 102 50 4 63 6 P RE PA RE D BY F E D E R A L DUE TO MERGER A C T I V I T Y 35 RESERVE BANK O F S T . LOUIS P O P U LA T IO N B u re a u o f t h e C e n s u s C om p o u n d ed A n n u a l R a te s o f C hange 1970 to 1980 1960 to 1970 1970 1980* 2 0 3 ,3 0 2 ,0 3 1 2 2 6 ,5 4 5 ,8 0 5 1 .1 1 .3 1 5 ,9 6 4 ,6 6 8 1 7 ,9 7 5 ,6 5 6 1 .2 0 .8 CMV M e t r o p o l i t a n A r e a s 5 ,6 5 5 ,0 7 5 6 ,0 2 3 ,3 7 2 0 .6 1 .3 A rk a n s a s F a y e tte v llle S p r in g d a le : AR F o r t S m ith : AR-O K L i t t l e R o c k -N o rth L i t t l e R o c k : AR P in e B l u f f : AR T e x a rk a n a : A R -T X 1 ,9 2 3 ,3 2 2 2 ,2 8 6 ,4 3 5 1 .7 0 .7 1 2 7 ,8 4 6 1 6 0 ,4 2 1 1 7 8 ,6 0 9 2 0 3 ,5 1 1 3 .4 2 .4 3 .3 1 .7 3 2 3 ,2 9 6 8 5 ,3 2 9 1 1 3 ,4 8 8 3 9 3 ,7 7 4 9 0 ,7 1 8 1 2 7 ,0 1 9 2 .0 0 .6 1 .1 1 .7 0 .5 1 .2 K e n tu c k y C la r k s v llle H o p k ln s v ille : K Y -T N E v a n s v ille : IN -K Y . L o u is v ille : K Y - IN O w e n s b o ro : KY 3 ,2 2 0 ,7 1 1 3 ,6 6 0 ,7 7 7 1 .3 0 .6 1 1 8 ,9 4 5 2 8 4 ,9 5 9 8 6 7 ,3 3 0 7 9 ,4 8 6 1 5 0 ,2 2 0 3 0 9 ,4 0 8 9 0 6 ,1 5 2 8 5 ,9 4 9 2 .4 0 .8 0 .4 0 .8 0 .6 0 .5 1 .4 1 .2 M is s is s ip p i 2 ,2 1 6 ,9 9 4 2 ,5 2 0 ,6 3 8 1 .3 0 .2 M is s o u r i C o lu m b ia : MO S t . L o u is : M O -IL S p r in g fie ld : MO 4 ,6 7 7 ,6 2 3 8 0 ,9 3 5 2 ,4 1 0 ,8 8 4 1 6 8 ,0 5 3 4 ,9 1 6 ,6 8 6 1 0 0 ,3 7 6 2 ,3 5 6 ,4 6 0 2 0 7 ,7 0 4 0 .5 2 .2 -0 .2 2 .1 0 .8 3 .9 1 .2 1 .9 Tennessee M e m p h is : 3 ,9 2 6 ,0 1 8 8 3 4 ,1 0 3 4 ,5 9 1 ,1 2 0 9 1 3 ,4 7 2 1 .6 0 .9 1 .0 1 .4 U n ite d S t a t e s CMV S t a t e s ♦ P r o v is io n a l T N -A R -M S