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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