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SELECTED ECONOMIC INDICATORS CENTRAL MISSISSIPPI VALLEY 3RD QUARTER 1971 METROPOLITAN AREA ACTIVITY EIGHT A R E A SUMMARY ST. L OUI S STATE ACTIVITY SUMMARY MISSISSIPPI ARKANSAS MISSOURI K EN T U C K Y TENNESSEE LOUISVILLE M E M P H IS CHECK PAYMENTS 11 OTHER CITIES LITTLE ROC K Prepared by Federal Reserve Bank of St. Louis Released: November 2,1971 SUMMARY OF EIGHTH DISTRICT ECONOMIC ACTIVITY Economic conditions in the Eighth Federal Reserve District improved somewhat in the third quarter of 1971, con tinuing a slow upward advance similar to that in the United States as a whole. While total payroll employment was down slightly and the unemployment rate was up slightly, banking activity and total spending, as measured by check payments, continued to expand. Total payroll employment in district metropolitan areas fell at a 1.5 per cent rate in the third quarter as a result of heavy losses in the manufacturing sector. The large dip in July was caused by a labor dispute in the tobacco industry and layoffs for automobile model changes. The unemployment rate at 5.5 per cent in the third quarter was up slightly, but remained below the national rate. District banking activity continued to grow in the third quarter but not at the rapid pace set in the first half of 1971. This slower growth reflects the slower growth of national monetary aggregates in the last three months. Loans outstanding at district metropolitan member banks grew at a 3.8 per cent annual rate in the third quarter, only half the rate in the first half of 1971. Deposits at district banks increased at a 6.8 per cent annual rate in the last quarter, slightly below the pace set earlier in the year. Check pay ments, however, grew at an exceptionally high rate in the third quarter. Personal income in the district has increased at an annual rate of 12.3 per cent since the first of the year, or well above the growth rate in the United States as a whole. The faster growth in income than employment reflects the increases in Social Security payments beginning in June which were made retroactive to January, wage raises paid be fore the wage-price freeze, and the gradual lengthening of the work week. ST. LOUIS The St. Louis seasonally adjusted unemployment rate rose in September to 6.7 per cent from the nearly constant 6.2 per cent rate which had prevailed since February. This jump is consistent with the unusually low seasonal rise in total employment. While total loans at member banks declined, deposit growth continued in the third quarter, though at a slower rate. Check payments increased rapidly. LOUISVILLE Seasonally adjusted payroll employment in the third quarter continued the slow decline which had begun at the turn of the year. The substantial losses in the manufacturing sector in July were the result of a labor dispute in the tobacco industry. Loan activity fell in the last three months, and, counter to the district and national trends, spending increased very slowly. MEMPHIS Unlike the general trend in the district, there has been an upward movement in employment in Memphis dur ing the last six months. The decline in the manufactur ing sector shows signs of abating, and the unemployment rate remains about one percentage point below the average for district SMSAs. Loans have more than recovered from a series of declines earlier in the year, and spending has risen substantially. LITTLE ROCK Little Rock has been largely untouched by the economic slowdown of most other areas in the district. It has maintained a low 3.3 per cent average unemploy ment rate this year with the rapid growth of new firms in the area. The growth rate of total loans has been far greater than that of any SMSA in the district, increasing at an annual rate of 26.6 per cent since December. The spurts in deposit growth and spending earlier in the year have leveled off. EVANSVILLE, SPRINGFIELD, FT. SMITH, PINE BLUFF Trends in the smaller district SMSAs frequently differ from those of larger centers. Unemployment has been declining in all four areas this year. Ft. Smith and Pine Bluff still have unemployment rates of 5.8 per cent, slightly above the district average, while Evans ville with a 3.9 per cent rate enjoys one of the lowest unemployment rates in the district. Banking activity and spending have generally not advanced as quickly as in other district metropolitan areas, although deposits and loans outstanding at member banks in the Springfield SMSA had higher rates of growth in the third quarter than the district average. Eight Central M is s is s ip p i V a lle y M e tro polita n A r e a s MANPOWER UTILIZATION Annual Averages I960 1965 1966 1967 1968 1969 1970 101.4 113.3 119.5 123.9 127.5 131.7 130.7 1969 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1971 Jan. Feb. Mar. Apr. May June July Aug. Sept. Manufacturing Employment United Region States 103.2 115.8 121.8 102.lt 116.6 122.6 106.6 113.2 125.4 129.3 133.3 127.1 131.4 135.9 13^.6 137.8 134.7 135.1 135.2 137.8 138.2 132.0 131.* 132.1 131.5 132.5 133.0 133.3 133.6 133.9 134.0 136.0 136.2 136.2 134.4 13^.9 134.3 134.9 136.3 136.9 137.2 137.3 133.5 135.2 135.4 135.7 135.5 134.9 13^.4 134.3 13^.1 134.3 133.6 133.* 133.9 138.0 136.1 136.8 137.4 138.2 138.6 137.8 138.6 138.6 134.5 134.4 13^0 .7 135.0 134.5 V. i* 134.3 134.9 140.0 139.6 140.2 139.9 140.0 139.3 139.9 139.6 139.8 131.8 132.1 132.*+ 132.2 132.6 131.3 131.2 131.2 132.0 132.1 130.3 130.6 130.9 131.2 130.5 130.6 130.3 129.3 129.7 130.6 131.0 130.7 130.7 130.7 130.0 129.6 130.0 130.3 13^.2 134 13 104.1 119.0 124.6 129.2 134.0 139.5 142.7 130.9 130.6 BANKING ACTIVITY________________ Nonmanufacturing Employment United Region States Total Payroll Employment United Region States 136.3 137.7 137.3 138.5 137.3 138.7 139.1 139.5 139.6 139.9 140.1 140.9 141.2 141.3 141.9 142.5 142.8 143.0 142.8 142.3 142.4 142.4 142.7 143.4 143.5 143.3 144.3 144.4 144.7 144.9 145.2 144.9 144.8 I .O 45 145.5 99.3 117.4 119.7 122.6 116.6 101.2 108.8 115.8 117.2 119.2 121.5 116.9 123.4 119.3 118.7 120.6 121.1 121.5 121.6 121.7 122.0 122.0 122.0 122.0 121.9 121.0 121.0 118.2 120.1 120.6 120.6 120.1 120.2 118.7 118.3 117.9 U9.3 117.9 117.3 116.9 123.4 121.4 123.9 124.3 121.8 123.1 124.1 124.6 123.0 117.2 116.2 116.1 113.6 110.7 112.0 111.7 113.5 111.9 113.3 113.8 111.6 112.5 112.2 111.4 IO8.9 110.8 111.2 116.1 116.2 112.6 112.8 112.5 112 112.9 112.1 111.7 111.3 112.1 Unemployment Rate United Region States Total Loans United Region States Bank Deposits United Region States 102.5 140.9 148.3 5.3 3.6 3.2 3.3 3.2 3.2 4.7 5.5 4.5 3.8 3.8 3.6 3.5 5.0 115.4 185.7 204.1 219.5 237.6 263.5 282.9 2.9 3.4 3.3 3.4 3.5 3.4 3.** 3.5 3.5 3.8 3.7 3.5 3.6 251.1 253.5 255.5 256.9 265.1 263.4 267.9 2.8 2.9 2.9 3.1 3.4 3.3 3,4 3.4 3.4 3.4 3.6 3.9 4.1 3.9 5.3 5.1 4.6 4.3 4.6 4.8 5.2 5.2 5.4 5.1 5.4 5.5 5.4 5.4 5.3 5.4 5.4 5.6 3.9 4.2 4.4 4.7 4.9 4.9 5.0 5.1 5.4 5.5 5.9 6.2 6.0 5.8 6.0 6.1 6.2 5.6 5.8 6.1 6.0 267.2 268.9 269.4 270.6 272.2 273.3 277.4 278.5 279.1 277.5 276.7 282.3 286.4 287.0 288.6 291.0 296.9 116.7 188.3 211.1 224.2 245.0 274.6 290.0 261.6 265.6 266.8 274.8 272.9 274.8 278.6 279.0 271.8 282.3 283.2 284.1 284.8 285.5 236.2 287.4 286.9 286.7 287.5 290.7 293.2 295.2 296.8 298.5 161.2 174.6 182.4 187.1 182.3 I .O 83 183.2 184.1 183.7 184.2 182.4 181.4 181.4 180.8 181.2 181.0 181.0 180.9 182.4 184.9 184.3 184.5 187.5 190.3 189.7 191.1 192.4 196.7 301.8 300.0 200.8 303.2 304.2 307.4 309.3 314.3 3U.5 310.3 317.8 303.0 304.2 306.7 308.4 204.8 206.3 210.3 310.1 309.7 313.0 320.4 211.2 212.9 214.8 214.9 215.4 104.9 150.3 161.0 173.6 189.5 197.0 202.8 198.6 198.7 198.1 198.4 199.4 199.0 197.4 195.5 194.7 193.9 196.0 194.0 195.4 195.4 196.3 199.2 198.6 198.5 201.6 205.6 207.8 210.2 211.5 213.9 218.7 222.3 225.6 228.1 118:1 232.9 233.7 234.6 SPENDING Check Payments £/ United Region States 110.8 172.5 192.3 210.8 232.9 238.8 299.0 253.3 252.5 255.3 255.6 256.8 256.7 259.5 265.1 266.1 264.9 263.7 271.4 282.8 291.4 297.3 297.9 297.9 300.5 307.8 311.6 305.5 294.0 296.3 304.7 320.4 325.2 331.6 328.8 339.8 333.8 355.3 361.7 364.5 113.4 174.4 199.0 217.3 252.5 299.1 332.4 278.6 281.7 284.6 287.5 295.0 301.7 306.2 310.0 311.2 311.1 309.9 311.8 317.2 319.9 324.7 328.8 333.9 336.6 336.9 339.1 339.0 337.7 337.6 337.7 343.5 348.1 356.5 360.1 369.7 8 :1 386.2 387.* MANPOWER UTILIZATION SEASONALLY ADJUSTED E I G H T CENTRAL M I S S I S S I P P I V A L L E Y M E T R O P O L I T A N AREAS BANKING A C T I V I T Y SEASONALLY ADJUSTED TOTAL LOANS TOTAL PAYROLL EMPLOYMENT 1057-50-100 166 1057-50-100 500 162 480 158 460 154 440 150 420 SEPTEMBER 1071 146 400 AREA SUMMARY 142 580 TOTAL PAYROLL EMPLOYMENT -0.2 +0.4 158 560 TOTAL LOANS + 10.7 +0.5 154 540 TOTAL D EPOSI T S + 15.5 + 12.0 CHECK PAYMENTS + 10.5 + 14.5 1057-50-100 1057-50-100 150 520 126 500 122 280 118 260 114 240 110 1i.i L u l u -1 i i 1 i i ILl.i.1 L j -L iiIii 1060 1071 1070 1060 1070 1071 PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDI NG U .S. 220 SPENDING SEASONALLY ADJUSTED .TOTAL DEPOSITS UNEMPLOYMENT RATE PER CENT C .M .V . 1071 1070 1 06 0 AREAS U.S. 1057-50-100 460 CHECK PAYMENTS 1057-50-100 460 PER CENT 1 06 0 1070 1071 X BEGINNING WITH JULY I9 6 0 , LOANS ARE REPORTED GROSS, RATHER THAN NET OP VALUATION RESERVES AS DONE PREVIOUSLY. 1 06 0 1070 1071 PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS St. Louis M etro politan A r e a Total Payroll Annual Averages Seasonally Thousands Adjusted of Persons Index Thousands of Persons 113.7 109.3 115.5 117.9 119.9 123.4 126.9 122.6 1970 131.2 120.7 1969 Jan* Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 898 882 122.4 901 916 122.5 123.3 919 925 923 923 924 123.0 123.2 122.9 122.6 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 898 888 898 891 121.8 122.0 908 920 920 697 913 910 902 902 895 891 901 879 877 878 889 889 896 889 m 889 121.1 131.9 605 605 607 122.2 122.0 621 625 628 122.5 123.3 623 619 122.4 119.9 120.7 121.2 121.3 121.0 120.1 119.4 118.7 119.6 119.8 120.4 119.4 119.6 119.6 118.9 118.4 118.7 118.4 Seasonally Adjusted Index 102.1 120.2 101.0 960 1966 1967 1966 1969 I 1965 1971 Jan. Feb. Mar. Apr. May June July Aug. Sept. Nonmanufacturing 628 630 630 633 613 613 616 615 621 633 632 627 626 632 632 130.2 130.5 130.3 131.2 131.9 130.7 130.7 Manufacturing Seasonally Adjusted Index 99.2 101.7 107.3 108.4 107.7 107.7 101.1 108.6 104.7 108.8 109.5 105.4 106.8 110.2 130.8 108.4 131.7 131.9 131.9 107.9 107.9 107.3 106.3 132.0 131.9 105.7 132.1 132.2 130.1 131.2 103.8 104.3 102.2 131.9 132.4 101.8 100.8 100.4 96.6 132.6 131.4 132.5 132.4 102.3 102.4 634 132.2 94.9 97.6 616 615 620 627 628 634 632 625 628 132.6 133.1 132.6 132.6 132.0 132.5 132.1 131.8 132.7 97.3 99.3 95.4 96.9 96.9 96.0 93.9 95.2 94.9 SPENDING BANKING ACTIVITY MANPOWER UTILIZATION Unemployment Rate____ Seasonally Adjusted Total Loans ^ Seasonally Adjusted Millions Index of Dollars 112.6 4.7 3.5 3.3 3.4 3.4 3.5 5.4 3.1 3.1 3.1 3.1 3.3 3.8 3.6 3.7 3.7 3.6 3.7 4.1 4.5 4.8 4.3 6.7 6.3 5.3 4.8 5.3 5.5 5.8 5.9 6.1 5.7 6.2 6.2 6.3 6.1 6.1 6.2 6.1 6.7 Bank Deposits ^ Seasonally Adjusted Millions of Dollars Index 99.6 130.5 133.3 142.4 150.4 151.1 148.2 162.7 179.9 183.8 192.0 210.4 218.6 2,334 2,301 2,285 2,296 2,324 2,369 2,432 2,419 2,403 2,379 204.3 205.9 206.2 206.4 209.7 211.7 214.8 2,360 213.8 213.6 212.0 212.1 2,424 214.3 2,455 2,424 2,426 2,418 2,384 2,371 2,451 2,483 2,484 2,499 2,470 219.0 217.2 215.1 211.8 210.6 219.6 221.1 222.9 222.2 2,568 2,627 2,553 2,532 2,595 2,576 2,641 2,579 2,531 2,610 214.6 216.5 226.9 229.5 228.0 228.6 233.1 232.3 235.9 229.4 225.3 233.7 Check Payments Seasonally Adjusted ? , Millions Index of Dollars 3,882 3,698 3,596 3,602 3.62U 3,558 3,539 3 3,*63 3,509 3,512 3,603 158.9 155.9 153.8 154.1 154.1 151.9 150.7 148.3 146.7 146.7 I 146.4 3,6U5 3,422 3,380 3,1*51 3,*16 3,370 3,1*73 3,501 3,572 3,619 3,601 3,75* 149.0 144.2 144.5 147.8 145.2 144.0 148.0 149.8 151.4 151.7 149.9 152.3 3,864 3,763 3,765 3,838 3,819 3,825 , * , * 3,895 157.8 158.5 ,**66 3 891 3 821 45.8 161.0 l64.i* 162.3 163.5 167.3 164.8 166.3 112.9 180.0 201.3 226.0 247.2 278.9 330.8 9,686 272.6 7,763 8,841 8,944 271.1 271.9 271.1 269.7 9,170 8,229 9,299 9,929 8,352 10,439 274.2 283.7 8,562 9,206 11,755 10,474 12,337 12,195 11,232 12,583 12,920 11,688 11,598 11,817 10,746 13,146 12,585 11,437 13,492 12,887 11,893 14,274 13,939 13,771 13,988 269.0 289.2 290.4 288.2 295.9 310.0 323.9 332.5 332.0 328.9 331.3 341.8 347.3 340.5 325.6 324.5 331.4 346.3 351.3 355.0 349.3 356.0 366.7 383.8 400.7 405.0 TOTAL PAYROLL EMPLOYMENT ST. LOUIS MISSOURI M E T R O P O L I T A N AREA BANKING ACTIVITY SEASONALLY ADJUSTED MANPOWER UTILIZATION SEASONALLY ADJUSTED TOTAL LOANS 166 -100 I A 1A00 162 16 2 440 440 158 158 420 420 154 154 400 400 1 50 15 0 380 380 146 14 6 360 360 142 142 340 340 TOTAL PAYROLL EMPLOYMENT -1.4 ♦0.4 136 138 320 320 TOTAL LOANS ♦5 . 7 ♦9.3 1Xi 300 300 TOTAL D E PO S I T S ♦9.8 ♦ 12.9 CHECK PAYMENTS ♦ 18.9 ♦ 14.3 1957-59 -59-100 * 134 — --- »— ' ^ 1957 “ 5 0 - 1 0 0 460 1057-50 460 PERCENTAGE CHANGE 130 130 280 280 126 126 260 260 122 240 122 Nr 118 114 110 ii 1i i 1i i 1i i 1969 1970 19 7 1 I NDEX YEAR ENDI NG SEPTEMBER 1971 ST. LOUIS U.S. 240 X/ 118 220 114 200 110 SEASONALLY ADJUSTED 220 200 1 1 1 1 1 1 11 11 1 180 1969 .. 1970 1 . . 1 J . L ... 1 80 1971 SPENDING SEASONALLY ADJUSTED TOTAL DEPOSITS PER CENT UNEMPLOYMENT RATE PER CENT 1969 * ST. L OU I S U.S. 1 97 0 1971 BEGINNING WITH JULY I9 6 0 , LOANS ARE REPORTED GROSS, RATHER THAN NET OF VALUATION RESERVES AS DONE PREVIOUSLY. 1069 1070 1971 PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS Louisville M etropolitan A r e a Annual Average Total Payroll Employment Seasonally Thousands Adjusted of Personsi Index 960 1966 1967 1968 1969 I 1965 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1971 Jan. Feb. Mar. Apr. May June July Aug. Sept. 99.6 116.2 102.0 11*.3 118.2 122.7 128.3 135.2 123.5 128.7 135.6 139.9 111.4 136.2 1970 1969 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. MANPOWER UTILIZATION Manufacturing Nonmanufacturing Employment Employment Seasonally Seasonally Adjusted Thousands Adjusted Index of Persons Index 320 322 323 328 331 336 336 33* 33* 33* 321 322 31* 327 329 331 33* 335 337 335 33* 332 332 332 325 32* 325 328 331 329 326 329 333 13* *3 135.0 135.* 135.7 135.5 136.* 136.9 136.* 136.5 137.5 130.9 131.3 131.5 137.2 137.6 136.8 136.0 136.7 137.5 136.9 136.5 136.8 135.7 135.* 136.2 136.0 136.1 135.5 135.3 133.6 132.8 13*.* 136.2 199 200 201 206 210 213 213 214 214 213 214 215 208 208 209 213 217 218 220 220 219 219 219 220 214 216 218 221 226 225 225 * 22 226 132.3 132.9 133.5 13*. 3 13 135.7 136.5 137.0 137.* 137.* 137.6 *.6 138.0 138.2 138.8 138.8 138.6 139.3 138.7 * 141.1 1*0.9 * * * 95.6 106.5 112.8 121.* 127.7 13*.4 129.8 137.7 138.6 138.7 138.1 136.9 137.6 137.6 135.2 135.1 137.7 119.3 119.8 119.9 13*.4 135.3 133.8 132.2 1 1.0 131.5 131.5 1 1.2 1 1.2 1 1.2 128.9 129.1 1*2.6 1*3.7 1*5.0 1*4.2 1*5.0 11**.2 *2.9 1*3.3 1*5.1 129.8 126.1 125.* 125.1 122.6 120.7 120.5 .* 117.* 118 113.0 119*0 120.7 BASKING ACTIVITY__________________ Unemployment Rate Seasonally Adjusted Total Loans i/ Seasonally Mill lens Adjusted of Dollars Index 6.6 3.5 3.0 3.0 2.6 2.8 *.0 2.* 2.* 2.3 2.2 2.6 2.8 3.0 3.0 3.1 3.1 3.1 3.0 737 711 712 728 736 759 786 778 780 801 82* 87* Bank Deposits i/ Seasonally Adjusted Millions Index of Dollars 99.7 206 228.2 262.0 156.1 173.3 181.8 205.2 231.* 302.7 192.3 2*6.5 2*1.8 2*3.8 249.4 253.3 256.* 262.7 266.5 266.1 268.1 273.3 278.8 28* .1 1,309 1,227 , * 1 21 1,226 1,235 1,239 1,2*7 1,230 1,225 1,257 1,277 1,35* 899 899 916 9*6 995 323.2 1,*17 5.0 5.* 5.5 5.1 5.3 5.7 5.3 5*5 5.5 982 971 981 1,000 1,02* 1,029 1,002 1,002 853 877 991 103.* 13*.2 1*1.0 15*.3 171.0 18*.7 299.7 297.* 295.5 297.6 307.2 .* 313.1 8*0 839 861 85* Check Payments Seasonally Adjusted . Millions Index U of Dollars 113.* 169.7 191.1 .* 1,332 1,2*7 1,231 1,267 1,271 1,255 1,289 1,291 1,321 1,350 873 3.* 3.5 3.* 3.* 3.6 3.7 3.6 3.8 4.* 5.1 4.6 5.* ___________ SPENDING 286.3 288.6 29* .0 309 320.0 325.1 337.* 3*0.0 3*1.6 3*8.* 355.* 3*9.0 3*2*3 3*5.2 1,382 1,4*0 1,391 1,*10 1,**4 1,*57 1,506 8 1,506 1,521 l,* l 181.7 179.5 2,296 2 0*2 2,096 2,152 2,306 182.8 18 3 1,93* , 185.6 183.7 186.2 187.3 189.2 2,35*8 2,089 185.3 *. 185.7 185.* 185.1 182.5 185.* 191.5 189.6 188.3 191.8 19*.7 198.3 199.9 202.7 197.9 200.0 203.6 212.2 218.3 217.1 226.1 22 o.t 223*2 226.3 2,160 2,056 2,390 2,617 2,520 2,0*5 2,2** 221.7 221.0 22* .0 226.2 232.5 236.5 236.2 23*.0 23*.0 23*.0 236.9 2*0.1 2*1.1 238.0 235.1 2*2.5 * * 2,293 2,3*1 2,*45 2,677 , * 2,3*1 2,393 2,3*1 2,781 2 7.2 25 .0 250.8 252.6 2*8.5 2*6.6 2*8.9 252.1 2,53* 259.1 262.2 268.8 2 30 2,28* 2,703 2,6*9 2,5*8 2,806 2,680 2,722 2,590 273.0 279.2 279.9 2ol Jm 2i7«* 277.0 MANPOWER U T I L I Z A T I O N SEASONALLY ADJUSTED TOTAL PAYROLL EMPLOYMENT TOTAL LOANS 1957-59-100 166 1957-59-100 500 162 480 158 460 154 440 150 420 146 400 142 580 TOTAL PAYROLL EMPLOYMENT 560 TOTAL LOANS i-l 1 . 6 *9 .5 154 540 TOTAL DEPOSI TS *14.1 *12.9 150 520 CHECK PAYMENTS *11.5 *14.5 126 500 122 280 118 260 114 240 158 1 96 9 1970 1971 LOUISVILLE KE NTUCKY M E T R O P O L I T A N AREA BANKING A C T I V I T Y SEASONALLY ADJUSTED 110 1969 1970 1971 PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDI NG SEPTEMBER 1971 LOUISVILLE -0.2 U.S. *0 .4 220 SPENDING SEASONALLY ADJUSTED TOTAL DEPOSITS PER CENT UNEMPLOYMENT RATE PER CENT 520 1 957 - 5 9 - 1 0 0 460 500 420 280 10 580 1957-59 460 420 „__. nen cDU 1 96 9 LOUISVILLE 1 97 0 1971 U.S. 1969 1 97 0 X BEGINNING WITH JULY 1 9 6 9 , LOANS ARE REPORTED GROSS, RATHER THAN NET OF VALUATION RESERVES AS DONE PREVIOUSLY. 540 240 500 500 220 260 260 200 220 180 197 1 580 180 220 ■i l l 1 I 1 1 l 1 1 1 -Li. 1 I 11 1■« 1 1 1 » 1 1 1 1 1 ■ 1969 1970 1971 1 80 PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS M em ph is Metropolitan A re a Annual Averages 960 1966 1967 1968 1969 I 1965 Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1971 Jan. Feb. Mar. Apr. May June July Aug. Sept. 103.8 137.5 143.5 146.3 112.5 123.3 129.9 136.7 143.1 136.5 141.9 142.6 142.4 143.5 143.0 144.0 14^.0 143.7 143.7 144.5 144.2 144.8 142.7 143-9 144.3 144.5 143.9 145.5 145.2 144.8 141.8 141.4 139.5 139.8 138.9 140.7 141.6 218 218 219 220 146.5 147.2 146.1 143.3 142.9 145.2 146.5 147.6 147.4 147.6 147.6 147.6 137.7 133.4 133.2 133.0 217 150.9 135.0 119.2 125.9 131.8 137 266 268 267 271 271 276 276 276 275 276 276 277 271 273 272 268 269 273 275 276 278 277 279 279 275 273 274 276 278 282 261 284 283 142.1 142.9 142.9 143.7 143.2 144.4 144.2 144.0 143.2 143.8 143.1 143.7 144.8 145.7 145.0 142.2 141.7 142.5 143.4 144.2 144.9 144.5 144.9 144.7 147.2 146.0 146.1 146.3 146.8 147.2 146.8 148.1 147.1 Manufacturing Employment Seasonally Adjusted Index 104.0 103.9 U7.7 125.3 131.3 ^ 143.4 144.0 1970 1262 Jan* Nonmanufacturing Employment Seasonally Thousands Adjusted Index of Persons 204 204 205 208 208 212 212 212 213 213 214 216 211 211 210 207 208 214 215 217 216 216 219 221 224 223 150.2 150.2 151.0 151.4 152.0 152.0 224 153> 151.7 226 SPENDING BANKING ACTIVITY MANPOWER UTILIZATION Total Payroll Employment Seasonally Thousands Adjusted of Persona\ Index 138.6 136.6 134.1 135.7 135.0 132.0 132.5 130.9 131.6 131.4 129.5 130.7 131.8 Unemployment Rate Seasonally Adjusted Total T-oftnc i/ Seasonally Millions Adjusted Index of Dollars 4.8 3.7 2.9 3.1 3.0 2.9 3.7 2.7 2.3 2.7 2.7 2.9 2.9 2.8 2.9 2.9 3.1 3.2 3.1 3.0 2.9 3.3 4.0 3.6 3.7 3.6 3.7 3.8 3.9 4.1 4.3 4.1 4.0 4.4 4.6 4.5 4.0 4.6 4.5 4.2 Bank Deposits ^ Seasonally Millions' Adjusted Index of Dollars 219.8 108.3 171.6 177.8 197.3 240.2 247.5 261.4 213.5 222.5 110.9 19^.5 204.0 915 912 908 909 915 919 919 915 915 912 913 954 926 907 938 944 923 934 985 994 976 990 241.9 246.2 244.1 245.0 249.3 251.7 251.0 252.0 249.9 248.5 244.5 245.4 244.6 244.5 251.5 254.0 251.4 255.9 268.9 271.5 269.1 1,018 1,098 270.1 282.6 1,121 296.0 1,092 1,063 1,041 1,048 294.3 284.9 279.9 1,097 1,114 295.9 299.4 304.3 311.4 1,081 1,128 273.2 285.2 Check Payments Seasonally Adjusted / Millions Index & of Dollars 112.8 170.3 189.3 199.9 224.0 245.8 281.5 212.0 1,463 1,375 1,376 1,383 1,381 1,358 1,344 1,31*2 l,3k6 1,363 1,382 1,422 1,407 1,330 1,362 1,401 1,385 1,381 1,434 1,!*39 1,!*59 1,496 1,529 1,619 1,676 1,667 1,710 1,758 1,7^ 1,764 1,799 1,776 1,802 219.9 217.5 216.4 217.6 217.0 214.2 211.5 212.0 210.1 208.7 207.6 209.2 211.4 210.5 214.2 220.4 217.5 217.8 225.9 227.3 2,236 1,879 2,039 2,210 2,101 2,157 2,167 1,992 2,139 2,390 2,214 2,568 2,439 2,053 2,407 2,466 2,168 2,552 2,575 2,412 228.1 229.4 230.0 238.0 2,674 2,587 3,404 251.5 263.7 2,921 2,533 269.0 276.4 273.7 278.3 283.5 280.4 282.0 2,518 3,062 2,661 3,003 3,046 3,085 3,069 3,038 237.4 240.7 249.6 255.0 257.8 254.5 249.6 251.7 241.3 233.0 231.6 246.9 261.5 270.7 277.8 280.0 283.5 285.0 292.0 294.0 281.9 266.7 280.8 303.5 330.2 330.9 341.9 342.8 3^3.6 346.7 359.5 363.6 362.6 MANPOWER UTILIZATION SEASONALLY ADJUSTED BANKING A C T I V I T Y TOTAL PAYROLL EMPLOYMENT TOTAL LOANS 1957-59-100 MEMPHIS TENNESSEE M E T R O P O L I T A N AREA SEASONALLY ADJUSTED 1957-5 166 162 PERCENTAGE CHANGE 158 SEASONALLY ADJUSTED INDEX YEAR ENDI NG 154 SEPTEMBER 1971 150 MEMPHI S 146 142 TOTAL PAYROLL EMPLOYMENT 138 134 130 + 1.5 U.S. +0.4 TOTAL LOANS + 15.7 +9.3 TOTAL DEPOSI TS +23.6 + 12.9 CHECK PAYMENTS +2 8.6 + 14.3 126 122 118 114 110 I I 1 1 1 1 1 L 1 L-L 1969 UJLL 1970 1. 1- 1..I l l 1 1 LJ. 1969 197 1 1970 1971 SPENDING SEASONALLY ADJUSTED TOTAL DEPOSITS PER CENT UNEMPLOYMENT RATE 1957-59-100 CHECK PAYMENTS 1957-59-100 460 420 PER CENT 380 340 300 260 220 1969 * MEMPHI S U .S. 1970 1971 6EGINNING WITH JULY 1 9 6 0 , LOANS ARE REPORTED GROSS, RATHER THAN NET OF VALUATION RESERVES AS DONE PREVIOUSLY. 180 PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS Little Rock Metropolitan A r e a Annual Averages 1 106.8 137 960 1965 1966 1967 1968 1969 I 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1971 Jan. Feb. Mar. Apr. May June July Aug. Sept. 106.1 118 118 120 120 121 125 125 125 * 124 124 124 12 121 122 121 121 122 12* 123 123 122 122 122 122 147.1 147.1 148.4 148.1 1*8.9 150.1 150.0 150.3 150.4 151.0 150.6 151.2 151.6 151.2 1*9.8 149.2 150.0 148.8 148.* * 147.2 148.8 148.6 147.8 1 8.1 120 120 120 122 122 152.4 149.1 1*9-3 150.3 124 125 124 124 148.4 1*9.9 148.3 150.4 150.0 Manufacturing Employment Seasonally Adjusted Index 109.2 1 3.8 152.8 166.5 165.2 129.1 135.7 139.2 141.9 145.1 * 135.6 * 1*7.9 97 96 96 96 95 95 96 14*.4 144.3 144.9 14*. 14*.6 145.3 14*.7 145.0 145.3 145.9 146.1 146.1 158.1 162.4 163.0 166.0 169.0 170.8 170.8 170.2 170.8 93 93 93 93 95 97 97 96 95 95 95 95 146.3 145.9 144.6 14* .1 1*5.5 145.0 145.3 * 1*3.5 14 * * 130.5 .U 141.0 144.2 149.4 149.1 1970 1969 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Nonmanufacturing Employment Seasonally Thousands Adjusted Index of Persons 1 5.0 92 92 93 93 94 95 93 94 95 95 97 98 97 97 3 1 5.0 *.9 1 5.0 1 5.0 1*9.8 1*5.6 146.1 1*7.2 1*6.6 1* 5.0 1*7.0 1*5.3 1*7.5 SPENDING BANKING ACTIVITY MANPOWER UTILIZATION Total Payroll Employment Seasonally Thousands Adjusted of Persons Index 157.5 Unemployment Rate Seasonally Adjusted 4.2 2.5 2.3 3.3 2.9 2.2 2.3 2.3 2.2 2.2 2.3 2.3 2.3 2.2 2.4 2.5 172.6 172.0 170.2 I69.O 167.8 163.6 160.6 160.0 161.8 2.2 162.4 162.4 161.8 63.6 161.8 161.2 160.0 161.8 162.4 I 2.9 2.7 3.3 3.2 3.0 3.8 3.7 3.7 3.8 3.4 3.3 3.3 3.2 3.* 3.1 3.3 3.2 3.5 3.* 3.3 Bank Deposits ^ Seasonally Adjusted Index Millions of Dollars 294 283 287 29* 299 3«2 313 312 311 318 321 311 316 316 318 323 322 320 332 339 329 328 332 341 3*1 3*8 352 366 367 367 * 396 410 38 3*3.4 335.5 3*3.6 * 353.3 355.6 365.5 364.4 367.2 370.9 375.6 3 8.6 361.8 369.7 374.9 381.2 382.8 380.1 376.9 387.2 396.0 388.8 110.1 183.4 206.3 214.3 239.3 261.3 304.8 186.1 200.8 210.5 216.9 502 *71 467 474 *7* 466 *70 *7J 47* 492 50* 512 507 476 473 483 484 479 *93 500 382.4 389.* 397.8 *98 509 51* 531 399.* 412.9 422.4 *33.* *33.9 * 448.2 462.7 485.2 5*7 5*6 552 569 575 571 573 579 596 32.1 Check Payments Seasonally Adjusted Index Millions of Dollars 107.7 160.7 173.5 133.7 259.0 282.7 299.2 319.5 357.1 383.9 2.8 2.5 2.8 171.4 168.4 164.2 162.4 158.7 Total Loans J Seasonally Adjusted Index Millions of Dollars 212.2 209.6 208.8 209.4 210.4 208.6 207.5 207.8 209.7 213.1 215.2 213.7 214.4 211.9 211.6 213.9 215.0 215.1 218.2 220.* 220.3 220.2 220.3 221.4 231.4 2*3.1 * 2 7.2 252.1 255.6 256.3 253.8 255.3 263.6 697 558 563 6*5 581 652 666 619 663 679 590 727 255.1 251.8 254.6 2*7.7 258.1 268.9 274.9 271.6 265.2 257.7 259.2 271.3 739 641 685 731 285.9 777 75* 297.7 307.3 309.9 688 720 769 807 750 886 880 852 1,006 963 886 990 930 976 917 290.0 292.0 288.2 300.0 320.8 316.9 319.8 329.3 360.0 379.2 395.3 386.2 387.9 382.5 399.0 395.1 *01.5 MANPOWER U T I L I Z A T I O N SEASONALLY ADJUSTED BANKING ACTIVITY SEASONALLY ADJUSTED TOTAL PAYROLL EMPLOYMENT TOTAL LOANS L I T T L E ROCK ARKANSAS M E T R O P O L I T A N AREA 500 460 PERCENTAGE CHANGE 460 SEASONALLY ADJUSTED 440 YEAR ENDI NG SEPTEMBER 1971 420 400 L I T T L E ROCK 580 TOTAL PAYROLL EMPLOYMENT 560 TOTAL LOANS 540 520 INDEX U .S. +2.2 ♦0.4 ♦2 4 . 8 ♦9 . 5 TOTAL D EPOSI TS ♦ 19.7 ♦12.9 CHECK PAYMENTS ♦2 5 . 2 ♦ 14.5 500 280 260 240 1969 1970 1969 1971 1970 1971 220 SPENDING SEASONALLY ADJUSTED TOTAL DEPOSITS PER CENT UNEMPLOYMENT RATE 1957-59-100 CHECK PAYMENTS 1957-59-100 460 420 PER CENT 560 540 500 260 220 1 96 9 1970 1969 1971 * L I T T L E ROCK U.S. 1970 19 7 1 BEG INN IN 6 WITH JULY 1 9 6 9 , LOANS ARE REPORTED GROSS, RATHER THAN NET OF VALUATION RESERVES AS DONE PREVIOUSLY. 1969 1970 1971 1 80 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS E vansville M etropolitan A r e a BANKING ACTIVITY____________________ MANPOWER UTILIZATION Total Payroll Annual Averages Seasonally Thousands Adjusted of Personsi Index Nonmanufacturing Employment Seasonally Adjusted Thousemas Index of Persons 9 .9 1966 1967 1966 1969 1970 87 87 88 88 89 91 90 91 90 90 90 90 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 88 88 88 88 88 90 90 89 90 90 83 83 1971 Jem. Feb. Mar. Apr. May June July ’gOc.pt. 82 88 89 90 91 91 91 90 90 Seasone Adjust Total Loans Seasonally Adjusted Millions of Dollars Index 123.6 119.6 118.6 126.9 125.0 130.2 122.6 117.1 6.4 3.5 2-9 3-5 3.3 3-* 4.7 121.1 122.1 122.9 121.8 122.5 123.9 123.6 124.3 122.1 122.1 122.9 121.8 3.1 3.3 3.2 3.2 3.2 3.5 3.5 3.5 3.6 3.6 3.6 **.0 228 232 234 238 121.1 121.8 121.8 122.1 121.4 4.1 4.0 4.3 4.8 4.9 4.7 4.5 4.6 248 246 247 129.8 1969 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Unemployment Rate 99-8 114.9 118.4 121.3 127.0 U 111.8 117.9 120.6 I960 1965 Manufacturing Employment Seasonally Adjusted Index 125.5 126.0 126.3 126.3 126.9 127.5 127.3 127.9 127.0 127.0 127.7 127.3 127.0 127.3 127.6 125.9 125.0 126.0 53 53 53 54 55 55 55 56 56 56 56 56 117.4 5* 54 55 54 54 55 5* 56 56 56 57 57 118.2 127.7 128.9 129.0 129.6 128.6 128.7 126.7 126.6 55 55 55 56 56 56 56 57 56 126.2 125.6 126.9 127.5 117.5 128.4 128.6 128.6 129.3 129.8 129.8 129.8 130.3 130.3 130.3 131.0 131.0 131.0 131.0 131.4 128.4 127.4 127.9 128.1 129.8 130.7 131.9 132.4 132.6 134.0 132.6 132.6 132.2 132.4 131.9 132.6 132.2 131.2 87.5 107.1 117.1 123.2 123.2 119.3 121.1 120.7 95.0 94.3 94.3 120.4 183.9 124.3 125.4 123.6 122.9 118.6 119*6 5.0 4.9 5.3 5.4 4.7 4.8 4.4 3.7 4.1 3.9 3.7 3.7 4.2 Bank Deposits ^ Seasonally Adjusted Index Millions of Dollars 240 246 238 241 247 248 248 252 256 260 262 266 262 259 265 272 267 266 278 287 286 271 27* 271 275 368 350 352 356 360 239.5 244.7 249.6 251.4 252.9 365 365 357 361 364 369 381 256.7 256.1 256.6 381 259.0 259.9 264.2 368 250.1 266.0 267.8 266.8 261.8 268.8 277.1 276.1 276.8 281.4 285.5 291.7 290.4 279.3 273.4 279.7 161.7 179.9 191.7 198.4 192.8 205.1 210.8 219.3 243.7 263.4 241.8 241.2 241.4 243.4 101.3 150.2 146.9 160.7 174.9 190.2 207.2 231.6 236.6 Check Payments Seasonally Adjusted p , Index =f Millions of Dollars 100.6 113.9 173.1 224 ____________ SPENDING 362 365 367 208.2 205.0 206.1 207.8 484 356 394 431 404 417 485 384 427 464 207.4 209.3 460 213.3 208.7 209.1 506 396 436 205.9 201.5 201.7 202.5 202.9 204.6 205.9 209.0 207.4 205.7 209.7 215.7 213.1 211.4 367 372 375 373 371 376 391 214.8 400 390 395 400 411 4l8 415 404 408 224.0 225.1 226.4 227.7 231.7 234.4 234.1 232.5 233.1 211.2 388 486 425 447 534 474 449 479 421 492 517 426 506 511 464 526 514 491 488 189.9 189.9 197.3 198.5 197.0 196.3 194.9 204.1 203.8 205.6 202.8 200.1 202.9 200.1 209.0 208.1 205.5 201.7 209.9 218.9 219.8 208.7 208.2 205.3 214.3 215.9 225.4 225.6 226.8 220,4 226.2 230.9 SEASONALLY ADJUSTED TOTAL PAYROLL EMPLOYMENT TOTAL LOANS 1957-59-100 1969 1 66 1957-59-100 500 162 480 158 460 154 440 PERCENTAGE CHANGE SEASONALLY ADJUSTED I NDEX YEAR ENDI NG SEPTEMBER 1971 150 420 146 400 142 580 TOTAL PAYROLL EMPLOYMENT -0 .2 +0.4 158 560 TOTAL LOANS +4 .8 +9.5 154 540 1 50 520 126 500 122 280 118 260 114 240 110 1970 EVANSVILLE INDIANA M E T R O P O L I T A N AREA BANKING A C T I V I T Y MANPOWER UTILIZATION SEASONALLY ADJUSTED 1969 1971 1970 1971 EVANSVILLE U.S. TOTAL D EPOSI TS +9.4 + 12.9 CHECK PAYMENTS +5 .0 + 14.5 220 SPENDING SEASONALLY ADJUSTED TOTAL DEPOSITS PER CENT UNEMPLOYMENT RATE 1957-59-100 CHECK PAYMENTS 1957-59-100 460 420 PER CENT 580 540 500 260 220 1969 * EV AN S V I L L E U.S. 1970 19 7 1 BED INN INS WITH JULY 1 9 6 9 , LOANS ARE REPORTED DROSS, RATHER THAN NET OF VALUATION RESERVES AS DONE PREVIOUSLY. 1969 1970 1971 180 PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS S p rin g fie ld M etropolitan A re a Annual Averages I960 1965 1966 1967 1968 1969 Nonmanufacturing Employment Seasonally Thousands Adjusted of Persons Index 106.8 111.1 1970 124.8 134.5 144.6 Unemployment Rate Seasonally Adjusted 142.6 147.8 150.9 131.9 138.5 143.7 176.9 177.8 174.0 2 .8 136.1 137.1 137.5 138.5 138.5 139.2 184.2 180.9 174.1 176.3 176.3 177.5 177.5 179.7 179.7 2.4 2.5 126.6 55 55 54 55 55 55 55 56 56 57 56 56 147.5 1*7.5 146.1 147-5 147-5 148.3 147.5 148.0 147-7 148.5 149.1 148.5 38 39 39 40 40 40 40 39 39 40 41 4l 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 55 55 55 56 56 57 57 57 57 57 57 57 149.9 149.9 149.6 148.5 149.9 40 40 40 41 41 42 1971 Jan. Feb. Mar. Apr. May June July Aug. Sept. 55 55 56 56 56 56 56 56 57 152.8 152.3 153.4 151.7 149.9 150.9 152.0 149.9 149.1 150.7 149.6 150.4 150.2 148.5 150.4 152.3 42 4l 4l 42 41 138.2 138.2 137.8 139.2 141.0 140.6 142.4 142.7 142.7 142.7 142.7 145.9 145.5 145.9 144.1 42 143.8 143.1 143.4 40 40 41 41 41 41 40 40 42 142.8 142.4 144.2 142.4 142.8 142.1 141.4 142.4 145.2 152.1 178.6 175.2 174.1 174.1 172.9 171.8 167.3 172.9 175.2 174.1 177.5 176.3 169.5 176.3 179.7 172.9 170.6 171.8 172.9 175.1 176.3 171.8 176.3 175.1 Total Loans Seasonally Adjusted Index Millions of Dollars 3.2 4.0 2.2 3.7 3.3 3.* 3.6 3.9 3.1 3.3 3.3 3.6 3.7 3.1 3.8 4.1 5.7 4.3 3.8 4.1 3.9 3.9 4.3 3.8 4.4 4.8 4.2 4.7 4.1 3.9 3-9 4.2 4.7 Bank Deposits ^ Seasonally Adjusted Index Millions of Dollars 125.2 6.4 3-7 3.2 3.3 116.4 120.5 1969 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Manufacturing Employment Seasonally Adjusted Index 126.2 132.6 120.7 SPENDING BANKING ACTIVITY MANPOWER UTILIZATION Total Payroll Employment Seasonally Thousands Adjusted oi‘ Persons Index 68 69 70 72 71 73 76 78 80 78 77 77 76 76 77 81 82 81 84 87 90 87 86 87 87 87 89 92 94 98 100 100 100 Check Payments Seasonally Adjusted , Index -> Millions of Dollars 110.8 IS'0.3 104.2 152.3 210.0 160.1 254.5 306.4 359.5 401.4 184.7 201.6 218.0 248.7 334.0 348.5 350.5 348.5 3^3.7 358.7 360.7 365.5 377.7 372.3 374.8 379.6 378.2 381.1 166.3 179.8 266.1 231.4 235.6 128 122 122 230.1 126 231.7 234.0 233.8 236.1 234.7 234.5 232.5 231.1 229.1 122 222.7 123 124 124 126 126 128 124 226.0 291.5 307 242 270 261.1 232 259.1 262.5 262.7 264.7 268 296 318 289 268.4 270.4 273.5 288.5 287.7 286.4 284.4 289.7 221.5 223.4 226.1 332 271 309 393.7 394.7 394.7 4QI.9 408.3 427.2 414.6 416.0 425.2 123 123 232.9 235.3 298 125 131 135 135 135 135 233.7 240.9 244.0 244.9 245.3 248.1 430.6 434.5 442.2 446.1 451.5 477.7 478.2 470.9 476.7 137 135 137 142 143 148 154 153 156 248.7 381.1 118 122 231.0 256.1 263.6 269.5 271.9 281.2 287.7 282.2 283.1 266.6 314 317 274 318 118 123 263.0 259.9 312 330 348 328 329 332 314 359 366 367 446 437 400 451 439 447 437 280.8 288.8 292.8 289.2 291.5 289.2 299.3 310.0 344.5 374.4 399.5 396.6 397.2 389.3 389.6 379.5 381.4 SPRINGFIELD MISSOURI M E T R O P O L I T A N AREA BANKING ACTIVITY SEASONALLY ADJUSTED MANPOWER U T I L I Z A T I O N SEASONALLY ADJUSTED TOTAL LOANS TOTAL PAYROLL EMPLOYMENT 1057-59-100 1957-59-100 166 --------------------------- -------------------------------------------------------- 166 1957-59-100 1957-59-100 162 162 158 158 154 154 150 150 146 146 142 142 TOTAL PAYROLL EMPLOYMENT 158 138 TOTAL LOANS 134 134 PERCENTAGE CHANGE 130 130 126 126 122 122 118 118 114 1 14 110 -J -L -l-L -L l. 1.1 -L-l-l-Ll Li-ll.l I- 1969 1 97 0 ll 1971 11 110 SEASONALLY ADJUSTED INDEX YEAR ENDI NG SEPTEMBER 1971 SPRINGFIELD 1969 1970 U.S. +0.4 +0.4 + 11.6 +9.3 TOTAL DEPOSI TS + 16.0 + 12.9 CHECK PAYMENTS +30.6 + 14.3 1971 SPENDING SEASONALLY AOJUSTEO TOTAL DEPOSITS PER CENT UNEMPLOYMENT RATE 1957-59-100 CHECK PAYMENTS 1957-59-100 460 420 PER CENT 380 340 300 260 220 1969 1970 1971 1969 1970 1971 1 96 9 1970 1 80 1971 * BEGINNING WITH JULY 1 9 6 9 , LOANS ARE REPORTED SPR IN G FIELD U.S. GROSS, RATHER THAN NET Of VALUATION RESERVES AS DONE PREVIOUSLY. PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS Fort Smith M etropolitan A re a BANKING ACTIVITY_____________________ MANPOWER UTILIZATION Annual Averages Total Payroll Employment Seasonally Thousands Adjusted of Persons Index I960 95.9 132.8 1965 1966 1967 1966 1969 139.1 142.8 146.6 155.7 .1* 157 1970 1969 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1971 Jan. Feb. Mar. Apr. May June July Aug. Sept. Nenmanufactur ing Employment Seasonally Thousands Adjusted of Persons Index 44 45 46 46 46 46 46 47 47 47 47 46 46 46 47 48 47 *7 47 47 46 46 45 45 45 46 46 46 46 46 47 47 28 28 28 Manufacturing Employment Seasonally Adjusted Index Unemployment Rate Seasonally Adjusted 92.7 126.7 133.5 135.1 136.9 142.2 144.9 103.4 147.2 152.3 160.7 169.3 187.2 186.6 8.9 6.8 6.1 5-2 4.8 4.4 5.5 182.0 183.9 184.5 185.3 188.8 187.8 190.9 182.2 191.9 192.2 188.4 188.4 4.3 4.4 4.4 4.5 4.4 4.4 4.0 4.5 4.4 4.4 4.3 4.3 4.6 4.5 5.0 4.6 4.8 5.0 5.3 5.9 5.9 6.4 152.6 153.3 153.5 154.6 155.6 155.9 156.2 154.1 157.4 158.4 157.8 159.0 29 30 29 29 29 30 30 30 31 140.0 140.2 140.2 141.4 141.3 142.2 141.3 142.0 142.6 143.9 144.7 146.4 158.3 158.4 159.7 159.7 159.3 159.9 157.5 157.0 155.5 154.8 15 153.9 29 29 29 30 31 30 30 30 30 30 30 30 145.2 145.6 145.7 145.3 146.1 145.1 145.6 144.7 143.7 1*3.7 1*4.3 143.2 188.7 183.3 180.5 178.5 178.9 6.8 155.6 154.9 29 29 29 29 30 ?9 29 29 30 145.7 143.8 145.3 142.9 141.3 141.6 141.7 141.4 143.0 178.5 180.9 188.4 6.9 6.7 6.3 *.6 158.2 157.5 155.3 155.8 154.6 156.7 157.8 188.2 192.5 193.* 190.3 194.3 185.4 185.6 7.1 191.8 188.0 189.0 6.1 184.7 192.3 6.1 192.1 6.4 5.4 5.8 5-6 Total Loans Seasonally Adjusted Millions Index of Dollars Bank Deposits Seasonally Adjusted Millions of Dollars Index 213.8 237.0 258.2 79 83 84 86 88 88 90 90 91 89 90 90 91 92 93 92 92 93 96 95 99 101 100 103 108 107 106 109 109 no 223.1 225.6 228.1 229.2 230.4 230.4 237.6 244.3 245.7 248.5 249.9 251.3 251.0 252.4 252.4 254.9 256.0 254.9 254.0 255.4 261.0 266.0 265.2 275.2 283.8 279.9 290.8 301.7 296.7 291.4 300.0 302.8 308.6 Check Payments Seasonally Adjusted , Millions Index ^ of Dollars 105.0 103.2 168.2 I69.O 174.9 182.8 192.9 205.8 115.5 200.4 208.4 208.3 80 81 82 ___________ SPENDING 126 122 123 123 124 125 127 128 127 129 132 133 132 126 127 129 129 132 137 137 139 142 143 147 187.9 190.0 189.1 190.6 193.4 192.9 192.0 195.9 193.8 193.9 198.1 196.8 196.6 153.2 171.9 189.2 203.0 223.9 237.3 196 158 182 184 182 193 213 186 198 210 180 210 230 203 211 217.8 212.0 212.7 217.8 215.3 223.9 228.7 229.3 234.3 231.3 232.8 230.9 217.6 217 241 240.4 236.7 232.5 225.1 229.3 234.6 238.5 238.3 239.8 240.6 244.0 247.5 227.7 195.4 197.0 200.5 201.2 203.9 207.5 209.1 211.7 214.0 214.9 215 203 226 210 221 230 243 153 149 154 163 163 229.8 238.5 252.8 252.8 239 209 254 252.8 258.6 261.2 234 262.9 270.3 164 163 249.5 249.1 248.0 252.7 271 265 265 162 166 252 272 272.6 283.4 282.9 289.8 MANPOWER UTILIZATION SEASONALLY ADJUSTED BANKING A C T I V I T Y TOTAL PAYROLL EMPLOYMENT TOTAL LOANS FORT S M I T H ARKANSAS M E T R O P O L I T A N AREA SEASONALLY ADJUSTED PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDI NG SEPTEMBER 1971 FORT SMI T H TOTAL PAYROLL EMPLOYMENT I960 1970 1969 1971 1970 *1 .5 U.S. *0 .4 TOTAL LOANS *18.2 *9 .3 TOTAL D EPOSI TS *19.4 *12.9 CHECK PAYMENTS *20.9 *14.3 1971 SPENDING SEASONALLY ADJUSTED TOTAL DEPOSITS PER CENT UNEMPLOYMENT RATE PER CENT 1969 FORT SMI TH U.S. 1970 320 1957 - 5 9 - 1 0 0 460 300 4 20 X BEGINNING WITH JULY I9 6 0 , LOANS ARE REPORTED GROSS, RATHER THAN NET OF VALUATION RESERVES AS DONE PREVIOUSLY. 1957-59 460 420 __ 280 380 260 3 40 340 240 3 00 300 220 260 260 200 2 20 180 19 7 1 CHECK PAYMENTS 180 jT 380 220 1»1LL1-Lxl 11-l-l-l-l I 1i 11-1.1. 11l i-l.l 11111, 1969 1970 1971 1 80 PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS Pine Bluff M etropolitan A re a BANKING ACTIVITY_____________________ MANPOWER UTILIZATION Annual Averages Total Payroll Employment Seasonally Thousands Adjusted of Persons Index 960 1965 1966 1967 I Norunanufacturing Employment Seasonally Tnousands Adjusted Index of Persons 101 107.7 13^.3 141.8 144.2 147.1 1968 1969 1970 .7 135.7 145.1 147.9 150.3 153.9 149.3 150.0 145.4 1969 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 24 24 25 25 25 25 25 25 25 25 25 25 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 24 24 24 2k 24 24 24 24 24 24 24 24 149.0 148.1 147.6 146.3 145.8 143.3 144.3 142.5 143-3 144.9 145.0 144.8 1971 Jan. Feb. Mar. Apr. May June July Aug. Sept. 24 24 * 24 24 24 24 23 24 145.4 145.9 144.7 144.3 2 149.5 150.3 151.0 151.1 150.5 151.1 150.1 149.5 149.9 149.5 148.7 149.0 143.6 140.7 142.1 139.7 143.2 19 19 19 19 19 19 19 19 19 19 19 19 19 18 19 19 19 18 18 18 18 19 19 19 18 18 18 18 18 18 18 18 18 152.8 154.1 154.6 154.8 154.4 155.6 154.0 153.6 154.0 153.7 152.7 152.9 153.2 152.3 151.1 150.2 149.9 146.5 148.2 I 146.7 148.7 45.6 149.8 149.3 150.8 48.7 151.1 I 148.0 146.9 143.6 147.0 143.4 I 47.2 Manufacturing Employment Seasonally Adjusted Index Unemployment Rate Season! Adjusl 125.3 129.9 132.3 133.3 137.6 138.4 133.9 6.3 4.0 3-6 4.0 3.9 3.8 5.5 139.6 139.1 140.3 140.1 139.0 3.3 3.4 3.6 3.3 3.5 3-6 3.7 3.6 3.9 4.3 4.5 4.3 138.0 138.5 137.5 137.9 137.0 136.8 137.5 136.5 135.5 137.2 134.7 133.7 133.9 132.7 133.4 133.3 133.6 130.8 131.6 129.3 130.8 132.9 133.5 133.8 132.2 128.0 128.8 131.6 4.7 5.2 5.4 6.3 5.5 5.3 4.9 5.9 6.0 5.6 5.4 5.4 6.1 6.4 6.0 6.0 5.2 5.5 5.5 6.0 5.9 T !/ Total Loans — Seasonally Millions Adjusted Index of Dollars Bank Deposits ^ Seasonally Adjusted Mill ions Index of Dollars 80 79 76 77 78 79 78 319.3 326.6 326.2 113.5 162.0 I 176.9 192.9 203.7 197.3 203.4 204.5 223.2 210.2 126 123 123 123 207.3 207.2 206.8 207.2 327.0 324.6 325.8 324.6 309.0 313.1 320.1 322.1 121 121 118 115 120 125 128 202.2 196.2 200.8 206.3 206.0 317.6 127 199.4 319.3 323.8 327.5 320.9 123 202.0 202.4 202.7 202.5 199.4 216.7 216.3 219.1 218.9 78 79 79 78 78 79 322.1 322.1 120 120 120 117 120 84 84 85 87 91 327.9 343-9 342.6 346.3 355.3 369.3 125 127 129 132 136 142 92 93 97 96 99 103 99 96 96 376.6 382.4 400.4 396.7 406.1 418.4 407.0 391.8 393.0 141 141 147 146 145 147 147 148 149 80 Check Payments Seasonally Adjusted Millions Index of Dollars 108.2 65.O 183.8 128.7 244.5 256.5 275.5 295.6 321.3 335.1 78 79 79 79 79 ___________ SPENDING 206.3 208.7 206.1 213.8 222.8 231.2 237.6 248.1 246.7 246.3 253.1 252.3 252.2 249.8 244.7 116 91 107 113 100 109 117 96 119 136 124 146 122 106 115 118 109 125 123 115 129 140 144 159 124 115 134 143 119 144 133 148 161 230.2 223.1 227.8 227.2 229.6 235.3 238.6 234.0 205.9 192.2 205.0 229.5 252.6 245.0 248.7 244.6 250.6 254.5 263.1 258.9 230.7 209.9 227.1 251.2 274.6 263.3 282.0 277.3 289.2 285.7 309.5 315.4 325.4 MANPOWER UTILIZATION SEASONALLY ADJUSTED P I N E B L UF F ARKANSAS M E T R O P O L I T A N AREA BANKING A C T I V I T Y SEASONALLY ADJUSTED TOTAL LOANS TOTAL PAYROLL EMPLOYMENT 1957-59-100 1957-59-100 PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDI NG SEPTEMBER 1971 P I N E BLUFF TOTAL PAYROLL EMPLOYMENT 1969 1970 1969 1971 1970 - U .S. 0. 1 ♦0.4 TOTAL LOANS ♦ 14.7 ♦9 . 3 TOTAL DE POS I T S ♦ 15.5 ♦12.9 CHECK PAYMENTS ♦4 1 .0 ♦ 14.3 1971 SPENDING SEASONALLY ADJUSTED TOTAL DEPOSITS PER CENT UNEMPLOYMENT RATE 1969 PINE BLUFF 1971 1970 U.S. PER CENT 1 96 9 1970 1971 K BEGINNING WITH JULY I9 6 0 , LOANS ARE REPORTED GROSS, RATHER THAN NET OF VALUATION RESERVES AS DONE PREVIOUSLY. 320 1957 - 5 9 - 1 0 0 460 300 420 1957-59 460 420 __ 280 380 260 340 340 240 300 300 220 2 60 200 220 180 180 *— 'A \ur \V J 260 / 220 111 i 11 11n i 111 111 111 11 i i 1 t i 1 i i 1 i i 1969 1970 680 1971 180 PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS State Summary MANPOWER UTILIZATION Annual Averages I960 1965 1966 1967 1968 1969 1970 1969 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1970 Jetn. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1971 Jan. Feb. Mar. Apr. May June July Aug. Sept. Total Employment Uhited Five States States Total Payroll Employment United Five States States N.A. 108.5 111.5 113.3 115.1 114.6 114.9 103.7 114.8 114.4 114.3 114.9 114.3 113.7 114.7 114.5 115.0 115.0 102.9 117.4 116.5 116.3 116.4 115.3 115.3 115.2 114.6 115.2 134.0 139.5 142.7 1-34.2 134.3 134.2 134.7 135.1 135.1 134.8 135.5 135.7 135.8 135.9 135.7 137.3 120.5 121.3 121.4 121.3 142.4 142.3 142.5 143.0 143.2 143.5 143.4 143.9 144.0 144.1 143.6 143.5 132.5 133.0 133.3 133.6 133.9 134.0 134.2 134.4 134.9 13**. 13**.9 144.1 144.7 144.6 144.4 144.1 144.0 143.8 143.8 144.3 144.4 144.5 145.0 135.2 135.4 135.7 135.5 134.9 134.4 134.3 134.1 134.3 133.6 133.4 133.9 138.5 138.9 141.9 142.5 142.8 143.0 142.8 142.3 142.4 142.4 142.7 143.4 143.5 143.3 146.3 145.8 145.2 145.7 145.4 144.9 144.9 144.5 145.1 134.5 134.4 134.5 134.7 135.0 134.5 134.3 134.3 134.9 140.4 140.1 139.8 140.0 139.6 139.2 139.5 139.1 139.7 144.3 144.4 144.7 144.9 145.2 144.9 144.8 145.0 145.5 121.1 121.7 121.9 122.4 122.4 123.5 123.3 114.9 115.5 133.0 135.1 137.3 118.8 121.9 123.0 131.5 135.3 A 144.3 114.1 116.4 115.5 115.3 115.0 115.2 119.0 124.6 129.2 104.1 120.1 127.6 114.7 114.8 115.0 103.6 119.0 125.1 129.6 111.2 122.8 122.9 123.2 114.8 114.8 114.2 114.4 114.3 103.2 115.8 121.8 Nonmanufacturing Employment United Five States States 123.6 123.0 123.4 122.5 122.9 122.8 122.8 123.1 122.9 122.8 123.4 122.9 122.8 123.1 123.5 122.7 123.5 123.9 124.4 1 3.3 125.4 129.3 133.8 134.6 132.0 8 136.5 137.2 137.0 136.8 136.9 136.9 136.9 136.9 137.4 138.1 137.8 138.2 138.7 139.1 139.5 139.6 139.9 140.1 140.9 141.2 141.3 INCOME Manufacturing Employment United Five Stfttcs States 104.1 101.2 108.8 115.8 117.2 119.2 Unemployment Rate Five United States States N.A. 121.5 116.9 4.7 4.1 4.3 3.9 3.7 4.8 5.5 4.5 3.8 3.8 3.6 3.5 5.0 120.6 121.1 121.5 121.6 121.7 122.0 167.0 122.0 167.0 122.0 166.8 122.0 167.1 121.9 164.8 121.0 164.9 121.0 3.* 3.5 3.5 3.7 3.6 3.8 3.7 3.8 3.8 3.7 3.9 4.0 3.4 3.3 3.4 3.5 3.4 3.4 3.5 3.5 3.8 3.7 3.5 3.6 4.1 4.2 4.4 4.9 5.0 4.7 4.6 4.8 5.0 5.2 5.2 5.2 3.9 4.2 4.4 4.7 4.9 4.8 5.0 5.1 5.4 5.5 5.9 122.6 133.5 136.2 140.7 165.9 163.6 165.0 164.3 165.5 165.9 165.5 166.4 165.0 165.4 165.6 120.6 120.1 120.2 165.5 163.9 163.5 162.9 119.3 117.9 117.3 116.9 163.5 161.9 162.6 116.1 116.2 112.6 161.9 111.7 113.5 161.0 162.5 161.7 160.2 161.4 161.3 160.9 159.5 159.5 160.2 113.3 112.8 112.6 112.9 112.1 112.5 111.7 111.3 112.1 5.0 5.5 5.5 5.2 5.2 5.1 5.2 5.4 5.4 6.2 6.0 5.8 6.0 6.1 6.2 5.6 5.8 6.1 6.0 Personal Income Five States; United States 108.1 161.9 109.8 160.8 172.3 188.6 205.4 220.0 147.6 173.8 191.1 205.9 219.1 200.6 200.2 202.5 203.6 204.0 205.1 207.4 209.6 209.0 208.0 209.6 210.8 212.3 215.0 216.6 217.1 218.2 219.9 221.8 221.3 221.4 221.3 220.5 223.6 228.7 226.7 233.4 234.5 234.5 239.9 239.3 N.A. N.A. 147.5 197.3 198.8 200.8 202.1 203.4 204.8 206.4 207.9 209.2 210.2 211.4 212.6 213.6 214.5 216.1 221.2 219.5 219.4 220.4 221.5 223.1 222.7 223.3 224.7 227.2 228.1 229.9 231.2 232.7 238.2 235.2 N.A. N.A. Farm Cash Receipts 3/ '*/ United Five States States 3,431 4,280 4,398 4,425 4,672 5,031 5,174 439 34,010 39,160 43,094 42,693 44,117 48,117 49,231 3,959 7,031 714 991 1,248 10,200 13,350 16,608 2,148 2,455 27,702 32,286 1,521 1,816 2,868 20,007 23,834 3,623 4,421 5,031 38,104 43,476 48,117 460 756 **,376 7,757 11,309 14,739 1,068 1,363 1,639 1,965 2,298 2,619 3,043 3,797 4,601 5,174 479 774 1,072 1,352 1,626 1,956 2,254 2,582 N.A. 18,108 21,738 25,687 29,588 34,127 39,877 45,030 49,231 4,242 7,625 11,168 14,587 18,014 21,758 25,620 29,854 N.A. MANPOWER UTILIZATION SEASONALLY ADJUSTED 1 957 -J.W L P A Y R 0 L L CENTRAL M I S S I S S I P P I VALLEY S TA TE SUMMARY E « P L O Y ^ N T s o _ t. . 170 170 160 1 60 150 150 YEAR ENDI NG MO SEPTEMBER 1971 MO 130 130 120 120 11111111111 1969 11111111111 1970 » 1.1 M.l » 1 1 1 1 1971 110 100 INDEX STATE SUMMARY - — ---- 110 100 PERCENTAGE CHANGE SEASONALLY ADJUSTED U.S. + 0.6 +0.4 NONMANUFACTURING + 1.7 +2.0 MANUFACTURING - 2.0 -3 .5 +0.2 + 1.3 TOTAL PAYROLL EMPLOYMENT TOTAL EMPLOYMENT PERSONAL INCOME TOTAL NONklANUFACTURIN6 TOTAL MANUFACTURING 2-40 240 220 220 200 200 180 180 160 160 140 1 40 120 100 120 100 80 80 60 j 11111111 1969 C.M.V. 1111111 STATES iLu- ■ 111111 1971 1970 U.S. iTT 60 PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS A rk a n s a s MANPOWER UTILIZATION_________________________________________ Annual Averages Total Employment Seasonally Thousands Adjusted Index of Persons 960 1965 1966 1967 1968 1969 I 102.4 115-9 119.3 121.4 124.2 128.5 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1971 Jan. Feb. Mar. Apr. May June July Aug. Sept. 651 662 67 k 691 705 71b 721 718 7U 721 716 675 127.3 127.7 127.2 128.6 128.4 127.9 129.2 129*2 129.5 129.8 128.4 128.3 660 668 678 690 703 712 128.8 128.1 128.4 128.1 127.6 709 713 127.1 127.5 700 708 701 670 129.1 127.2 127.3 127.0 127.5 665 679 690 130.0 131.0 697 709 713 727 719 707 129.2 128.8 130.5 128.6 128.6 130.4 129.5 Nonmanufacturing Employment Seasonally Thousands Adjusted Index of Persons 104.1 105.9 131.3 140.0 143.6 W 153.0 153.4 126.1 132.6 135.9 138.9 7.7 127.8 1970 1969 Jan* Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Total Payroll Employment Seasonally Thousands Adjusted of Persons Index 514 515 521 525 531 539 540 543 540 536 532 533 522 151.9 151.8 152.3 152.4 153.3 153.5 153.8 153.8 153.7 153.2 153.1 153.5 523 525 531 533 538 537 539 538 535 531 533 1?4.1 154.2 153.4 154.2 153.9 153.0 152.9 152.5 153.1 153.0 153.2 153.5 522 15*.2 53k 154.5 154.9 155.1 524 530 538 548 549 546 545 155A 155.9 156.5 154.6 155.2 142.5 1^3.7 Manufacturing Employment Seasonally Adjusted Index 110.9 145.4 160.3 164.9 172.2 182.2 180.3 179.8 181.0 181.6 183.2 182.7 183.6 I83.O 183.2 183.2 182.6 351 352 356 359 363 369 369 371 369 365 363 365 141.8 141.8 141.9 141.8 142.5 142.8 143.0 143.2 I .O 142.3 142.5 142.9 355 357 358 365 367 370 371 371 370 143.3 143.7 142.6 143.8 144.0 368 143.4 143.8 143.3 143.6 143.8 183.4 183.4 182.8 181.0 367 370 144.3 144.7 179.6 177.9 177.8 179.6 178.4 177.5 177.7 360 362 366 370 372 379 382 376 376 43 1.42.2 145.7 145.9 146.1 146.2 146.7 148.1 145.3 146.0 179.6 182.9 183.9 178.9 178.7 179.7 179.9 180.9 181.2 179.3 180.3 180.5 ____________________________ INCOME Unemployment Rate Seasonally Adjusted Millions of Dollars Monthly Rate 6.6 Personal Income Seasonally Adjusted Index 112.4 I 179.9 189.1 63.6 5.2 4.5 4.4 210.6 4.2 4.1 5.2 226.9 241.9 3.9 4.0 3.8 4.0 3.9 4.1 4.3 4.2 4.3 4.2 4.7 4.3 405 376 383 391 400 409 409 410 423 462 469 427 4.5 4.6 4.9 4.9 5.2 5«1 5.2 5*5 5.6 5.7 5.7 5o 441 421 408 417 422 437 438 5.7 5.5 5.7 5.4 5.4 5.2 5.3 5.5 5.4 477 432 442 450 454 484 484 N.A. N.A. 434 44-+ 492 491 446 222.4 217.7 222.9 225.7 228.5 226.2 228.5 229.3 230.7 Farm Cash Receipts Millions -/ of Dollars ** 2,459 3,581 3,931 4,132 4,611 4,964 5,291 +05 781 1,164 1,555 1,955 2,364 2,773 3,183 226.1 3,606 4,068 230.7 233.7 **,537 4,96** 242.1 2430 237.6 240.4 240.5 241.9 244.5 242.7 242.2 241.4 242.0 244.2 862 1,270 261.9 249.7 257.4 259.3 258.4 267.9 270.1 N.A. N.A. 441 1,687 2,109 2,546 2,983,418 3,862 4,354 4,84? 5,291 477 909 1,351 1,801 2,255 2,739 3,223 N.A. N.A. Millions of Dollars 669 910 986 914 998 1,113 1,073 66 112 201 250 155 316 373 426 530 755 1,007 1,113 74 124 180 232 280 354 417 473 577 780 979 1,073 68 116 163 210 260 333 393 451 N.A. MANPOWER UTILIZATION SEASONALLY ADJUSTED ARKANSAS TOTAL PAYROLL EMPLOYMENT 1957-59-100 1957-59-100 170 160 PERCENTAGE CHANGE SEASONALLY ADJUSTED I NDEX 150 YEAR ENDI NG HO SEPTEMBER 1971 150 ARKANSAS U.S. + 1.4 +0.4 120 TOTAL PAYROLL EMPLOYMENT 110 100 NONMANUFACTURING + 1.7 +2.0 MANUFACTURING +0.5 -3 .5 1 .1 + 1.3 TOTAL EMPLOYMENT + PERSONAL I NCOME TOTAL NONMANUFACTURING 170 160 150 140 130 120 TOTAL MANUFACTURING 240 240 220 220 200 200 180 180 160 160 HO 140 120 120 100 100 80 60 80 a Li 1 1n i l . 1 1 i-iL-iLi 1 96 9 A RK AN SA S 1970 U .S . i. nlii 1971 60 PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS Kentucky MANPOWER UTILIZATION____________________________________________ Annual Average Total Employment Seasonally Adjusted Thousands Index of Persons 960 1966 1967 1968 1969 N.A. I 1965 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1971 Jan. Feb. Mar. Apr. May June July Aug. Sept. 1,081 1,070 1,087 1,108 1,156 1,1*7 1,158 1,136 1,176 1,172 1,13* 1,110 1,056 1,090 1,075 1,109 1,1*3 1,163 , ** 1,167 , * 11 1 21 1,211 1,162 1,151 117.0 11* .8 11*.6 11*.7 11*.1 113.9 11*.6 11*.0 114.1 11*. 9 11*.0 11*.2 114.2 115.1 11*. 9 11*.8 11*.8 114.6 11*. 3 115.0 117.9 118.7 116.9 .* 118 1,111 120.0 118.8 1,13* 1,151 l,l l 119.5 119.1 116.7 1,109 6 1,200 1,167 1,187 1,210 118.2 116.5 117.0 117.5 Nonmanufacturing Employment Seasonally Adjusted Thousands Index of Persons 102.5 119.1 10*. 3 106.2 110.8 112.9 11*.6 115.8 1970 1969 Total Payroll Employment Seasonally Adjusted Thousands Index of Persons 102.5 117.7 122.9 126.2 131.3 136.3 128.6 133.6 137.8 1*1.1 1*0.5 143.5 875 876 879 891 902 911 901 899 909 910 895 900 871 1*0.0 1*0.3 1*0.2 1*0.5 1*0.5 1*1.3 * 1*0.7 * * 139.5 139.7 1 1.0 1 1.0 1 1.6 139.5 886 892 906 916 921 1*1.8 1*2.1 1*2.8 1*2.6 915 919 931 936 937 9*2 1**.0 1*4.6 1*5.6 I 46.I 920 1*7.2 1*6.1 1*6.1 1*7.0 1*6.6 1*5.9 1*6.1 1*6.9 1*7.6 913 917 933 9*1 9*2 933 937 951 1*2.7 1*3.3 1*6.3 630 630 63* 6*7 656 659 6*9 6*9 656 65* 653 65* 632 636 6*1 65* 66* 667 665 666 677 682 685 689 668 66* 671 687 695 * 69 690 690 701 137.5 137.6 137.3 137.6 137.9 138.3 137.8 137.9 137.8 137.6 137.8 137.9 138.1 138.7 138.9 139.0 139.6 139.9 * * * .* * 1 1.2 1 1.6 12 1 3.6 1**.6 1*5.4 1 6.0 * 1*4.8 145.* * * 145.5 1*6.5 1*6.7 1*7.5 1 6.1 1 6.1 Manufacturing Employment Seasonally Adjusted Index 102.6 123.1 135.5 138.8 143.9 1*8.* 150.1 1*7.2 1*8.1 1*8.3 1*8.6 1*7.9 1*9.5 150.0 1*8.7 150.2 152.9 1**.* 1**.6 1*3.6 150.* 151.2 153.3 151.1 150.8 1*9.1 150.8 150.7 151.* .* * 150 1 8.9 150.9 * * * * 1*7-1 l**-9 1*7.3 1*7.9 1 9.8 1 8.3 1 9.6 1 8.0 _____________________________ INCOME Unemployment Rate Seasonally Adjusted Millions of Dollars Monthly Rate 109.6 1*8.* N.A. 5.9 5.1 5.1 *.7 163.5 177.0 * 210.5 227.3 19 .8 *.2 5.1 *.l *.2 760 3.9 *.3 3.9 *.l 3.9 4.0 *.l *.l *.5 *.9 730 7*1 7*4 776 *.6 5.0 *.7 5.0 5.1 5.1 5.2 5.1 5.2 5.5 5.* 5.6 5.* 5.9 5.7 5.6 5.5 5.9 6.0 6.2 6.1 Personal Income Seasonally Adjusted Index 712 766 76* 779 788 792 851 796 779 791 806 811 826 827 823 839 853 857 * 92 856 803 86* 870 875 895 873 N.A. N.A. 20*.2 202.9 207.2 207.5 207.1 213.5 212.9 21*.0 215.8 215.3 21*.9 211.2 21 .1 22 0 225.8 227.2 229.6 230.6 232.* * 221.9 *. 225.* 233.2 232.9 229.9 230.4 228.7 2**. 5 * * * * N.A. N.A. 2 3.2 2 3.6 2 6.2 2 2.1 Farm Cash Receipts Million of Dollars ** 4,792 6,489 7,143 7,735 8,517 9,203 9,932 760 2,202 1,472 2,943 3,687 4,463 5,229 5,993 6,772 7,560 8,352 9,203 796 1,575 2,366 3,172 3,963 4,809 5,636 6,459 7,298 8,151 9,008 9,932 856 1,659 2,523 3,393 4,268 5,163 6,036 N.A. N.A. Millions / of Dollars * 559 687 725 * 827 82 888 922 109 153 196 237 279 32* 373 *23 *81 566 685 888 109 158 205 2*9 289 333 387 **2 50* 590 735 922 199 ** 188 230 269 31* 362 *17 N.A. MANPOWER UTILIZATION SEASONALLY ADJUSTED KENTUCKY TOTAL PAYROLL EMPLOYMENT 1957-59-100 170 1957-59-100 160 PERCENTAGE CHANGE SEASONALLY ADJUSTED I NDEX 150 YEAR ENDI NG 140 SEPTEMBER 1971 130 KENTUCKY U.S. 2. 1 ♦0.4 120 TOTAL PAYROLL EMPLOYMENT 110 100 NONMANUFACTURING ♦3 . 6 ♦ MANUFACTURING -1 .9 -3 .5 TOTAL EMPLOYMENT -0 .3 ♦ 1.3 PERSONAL ♦5 .4 ♦6.7 TOTAL NONMANUFACTURIN6 INCOME * + 2. 0 PERSONAL I NCOME SEASONALLY ADJUSTED 170 160 150 140 130 120 TOTAL MANUFACTURING 240 240 220 220 200 200 180 180 160 160 140 140 120 120 100 100 80 80 60 1 n i l i.l.i i i.i. 1 96 9 111111 111 u KENTUCKY 1970 . U.S. I I L l-l I i_i 19 7 1 1i i 60 PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS M ississip p i MANPOWER UTILIZATION____________________________________________ Annual Averages Total Employment Seasonally Thousands Adjusted Index of Persons 960 1965 1966 1967 1968 1969 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1971 Jan. Feb. Mar. Apr. May June July Aug. Sept. 770 775 781 791 784 786 793 793 789 114.4 114.5 114.6 114.6 114.8 115.1 115.0 115.4 115.6 788 115.5 115.3 115.3 776 777 778 115.7 115.7 782 788 795 791 788 794 795 795 795 115.8 115.6 115-8 115.7 116.0 115.6 115.8 116.0 116.2 116.4 786 788 117.2 117.0 792 796 117.0 116.6 117.6 785 801 802 799 801 117.1 117.1 117.4 116.9 105.8 123.8 127.1 131.4 135.9 139.3 143.4 148.5 138.7 1 3.3 ^ 147.1 151.0 115.9 766 768 Nonmanufacturing Employment Seasonally Thousands Adjusted ol‘ Persons Index 105.8 136.0 103.0 108.4 111.1 111.1 112.5 115.0 I 1969 Total Payroll Employment Seasonally Thousands Adjusted Index of Persons 551 553 556 561 567 571 567 573 580 46.9 I 147.4 147.5 147.6 148.1 148.6 148.5 149.6 150.1 150.1 150.1 373 374 377 381 385 386 388 385 395 395 579 577 578 147.5 566 568 150.8 150.6 385 387 150.5 150.9 393 398 395 39* 395 401 402 400 402 567 573 577 576 575 578 584 584 584 585 576 575 578 583 586 584 586 587 590 150.9 150.1 150.6 150.8 151.3 151.6 151.9 152.0 153.5 153.0 153.0 153.2 153.0 152.2 153.4 153.3 152.9 394 386 389 395 394 396 399 401 398 399 399 406 141.6 142.0 142.1 142.0 142.5 143.1 143.3 1-+4.4 145.1 145.4 145-7 142.0 146.3 146.8 l*+ .4 I .Y 147.1 146.4 146.9 147.2 147.4 147.8 147.8 147-9 6 46 149-9 149-5 149.0 148.9 148.6 147.6 148.9 148.5 149.1 Manufacturing Employment Seasonally Adjusted Index 105.9 134.8 146.9 147.6 154.5 160.8 160.3 159.2 160.1 160.3 160.6 161.3 161.7 160.5 161.8 161.8 161.3 160.6 160.5 161.6 160.5 160.5 159.5 159.7 159-0 159.4 159.4 I O 0 .3 160.5 161.5 161.9 162.0 161.5 162.7 163.2 163.6 I63.I 164.1 164.5 162.0 _____________________________ INCOME Unemployment Rate Seasonally Adjusted Millions of Dollars Monthly Rate 114.7 161.5 180.9 193.9 212.3 6.7 4.6 4.2 4.8 4.5 4.2 4.8 3.7 4.1 4.1 4.2 4.1 4.2 4.2 4.5 4.2 4.2 4.4 4.1 3.9 4.5 4.8 5.0 4.9 4.8 4.9 5.0 4.3 5.1 *•9 5.0 4.3 5.3 5.3 5.1 5.1 5.2 5.2 5.0 4.9 Personal Income Seasonally Adjusted Index 228.1 243.0 420 410 415 418 425 +26 428 433 443 475 483 459 447 222.9 224.7 225.6 228.2 229.1 227.3 231.6 232.4 231.5 227.2 224.2 232.8 454 454 468 500 521 500 237.4 237.0 239.5 245.6 243.4 243.9 245.3 2-3.3 244.9 239.6 242.5 253.5 486 466 481 479 483 258.2 254.8 261.1 261.4 260.0 495 N.A. N.A. 269.9 267.3 N.A. N.A. 433 441 450 452 457 506 Farm Cash Receipts Millions of Dollars & 2,632 3,712 4,153 4,454 4,877 5,235 5,577 420 830 1,245 1,663 2,088 2,514 2,9*2 3,375 3,818 4,293 4,776 5,235 447 880 1,321 1,771 2,223 2,680 3,134 3,588 4,056 4,556 5,077 5,577 ♦86 952 1,^33 1,912 2,395 2,901 3,396 N.A. N.A. Millions of Dollars 592 819 751 767 824 855 912 99 152 205 249 296 348 395 439 496 633 769 855 86 186 239 290 133 346 402 450 518 667 825 912 98 152 206 256 307 366 414 463 N.A. / MANPOWER UTILIZATION SEASONALLY ADJUSTED MISSISSIPPI TOTAL PAYROLL EMPLOYMENT 1957-59-100 170 1957-59-100 170 PERCENTAGE CHANGE 160 160 150 150 YEAR ENDI NG 140 140 SEPTEMBER 1971 130 130 120 120 110 100 SEASONALLY ADJUSTED M ISSISSIPPI TOTAL 1 10 x-tLi-i I i.iL I ll I i L L l I960 1970 1971 100 I NDEX TOTAL PAYROLL EMPLOYMENT U.S. *1 . 1 *0 .4 NONMANUFACTURING *1 .2 *2 .0 MANUFACTURING *1.1 -3 .5 *0 .9 *1.3 EMPLOYMENT PERSONAL I NCOME TOTAL NONMANUFACTURING 170 160 150 140 130 120 TOTAL MANUFACTURING 240 240 220 220 200 200 180 180 160 160 140 140 120 100 120 80 80 60 100 iiliil.il 1 96 9 1 111 . .L.- - — MISSISSIPPI 1970 11-1-1. U.S. Ii ll 1..L.J 1 1971 60 PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS Missouri MANPOWER UTILIZATION____________________________________________ Annual Averages Total Employment Seasonally Thousands Adjusted of Persons Index 960 1965 1966 1967 1968 1969 101.0 I 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1971 Jan. Feb. Mar. Apr. May June July Aug. Sept. 1,911 1,907 1,948 1,994 1,990 2,019 2,044 2,021 2,057 2,050 1,998 1,981 112.8 112.5 112.5 113.9 112.2 111.4 112.9 112.6 113.5 113.5 113.6 113.3 1,928 113.8 1,92* 1,955 113.* 112.9 .4 112.3 1,966 1,992 2,015 2,028 2,001 2,017 2,008 1,965 1,952 1,907 1,890 1,917 1,958 1,962 1,991 1,986 1,952 1,987 112 111.2 112.0 111.6 111.3 111.2 111.7 111.6 112.5 111.4 110.7 111.9 110.7 109.9 109.7 108.9 109.7 102.6 113.4 118.5 120.6 111.1 112.9 112.1 1969 Nonmanufacturlng Employment Seasonally Adjusted Thousands Index of Persons 102.3 111.7 117.4 104.0 107.5 109.7 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Total Payroll Employment Seasonally Adjusted Thousands Index of Persons 123.3 126.4 125.5 1,636 1,619 1,611 1,661 1,659 1,671 1,666 1,683 1,690 1,690 1,691 1,671 1,651 1,615 1,659 1,655 1,650 1,667 1,657 1,617 1,656 1,652 1,618 1,662 1,620 1,612 1,612 1,631 1,630 1,633 1,630 1,607 1,627 126.0 125.6 126.4 125.8 126.0 126.0 127.2 126.9 127.2 127.1 127.0 125.1 127.1 127.0 127.0 125.7 125.1 125.6 125.4 125.2 124.9 124.3 123.9 124.7 124.8 124.4 123.4 124.1 123.6 123.0 122.6 122.2 122.7 1,173 117.2 128.4 128.4 117.2 119.5 119.8 117.3 118.9 120.1 128.2 1,203 1,209 129.1 129.3 1,198 1,204 1,217 1,224 1,225 1,230 1,194 1,198 1,206 1,209 1,208 1,218 1,209 1,201 1,210 1,222 1,223 1,228 1,193 1,190 1,195 1,212 1,209 1,210 1,211 1,189 1,205 101.4 107.6 114.9 122.0 125.2 129.3 130.1 1,172 1,180 1,210 Manufacturing Employment Seasonally Adjusted Index 129.0 128.5 129*8 129.9 130.2 118.5 119.3 114.6 120.3 120.9 119.7 119.8 119.3 130.3 130.4 118.8 130.7 118.5 117.1 117.5 131.2 131.0 129.7 129.1 129.8 129.8 129.6 129.2 130.0 130.2 130.3 130.6 130.2 129.9 130.1 129.2 128.9 129.0 128.4 128.6 116.2 115.5 115.4 114.8 114.6 114.7 110.6 109.0 111.1 110.9 110.7 107.8 109.8 109.9 106.8 107.3 107.2 108.4 ____________________________ INCOME Unemployment Rate Seasonally Adjusted Millions of Dollars Monthly Rate 4.8 3.7 3.3 3.4 3.3 3.3 4.6 2.9 3.0 3.1 3.2 3.2 3.5 3.3 3.3 3.4 3.3 3.3 3.5 Personal Income Seasonally Adjusted Index 104.6 136.7 147.0 157.5 172.1 183.9 194.4 1,288 1,280 1,301 1,297 1,314 1,350 1,354 1,344 1,371 1,396 1,399 1,392 3.8 3.7 4.1 5.1 5.6 4.4 4.1 4.4 4.9 5.0 5.2 5.3 1,406 1,459 1,451 1,396 1,448 1,459 1,437 1,457 5.1 5.7 5.7 5.2 5.5 4.7 5.3 5.6 5.9 1,459 1,451 1,468 1,474 1,489 1,547 1,532 N.A. N.A. 1,365 1,369 1,395 1,360 178.7 179.2 180.9 182.0 182.0 181.7 185.1 189.3 185.9 Farm Cash Receipts Millions of Dollars 9,1*9 11,9&L 12,856 13,777 15,061* 16,066 17,002 1,288 2,568 3,869 5,166 6,1*80 7,830 9,181* 10,528 3 / *' Millions of Dollai 1,110 1,257 1,335 1,316 1,^09 1,508 1,560 118 209 311 400 ^93 584 719 832 185.2 188.0 I89.O 11,899 13,295 *, * 975 1,197 1,384 189.3 1,365 2,73* 137 241 354 460 558 669 191.6 193.9 190.9 194.4 196.6 198.2 196.8 196.2 194.0 193.2 197.8 202.4 203.2 204.1 207.0 206.0 208.3 209.2 N.A. N.A. 11 691 16,066 *,129 5,1*89 6,895 8,35* 9,805 11,201 12,61*9 1*,108 15,5*5 17,002 1,*59 2,910 *,378 5,852 7,3*1 8,888 10,*20 N.A. N.A. 1,508 782 905 1,046 1,277 1,^51 1,560 133 240 350 450 545 656 778 903 N .A. MANPOWER UTILIZATION SEASONALLY ADJUSTED MISSOURI TOTAL PAYROLL EMPLOYMENT 1057-50-100 1 70 1057-50-100 1 60 PERCENTAGE CHANGE SEASONALLY ADJUSTED I NDEX 150 YEAR ENDI NG 140 SEPTEMBER 1071 MI SSOU R I U.S. 1.8 +0.4 NONMANUFACTURING -0.5 + 2.0 MANUFACTURING -5.5 -5.5 -1.4 + 1.5 150 120 110 100 TOTAL PAYROLL EMPLOYMENT TOTAL EMPLOYMENT - PERSONAL I NCOME TOTAL NONMANUFACTURING 170 500 160 200 150 280 140 270 150 260 120 250 240 TOTAL MANUFACTURING 240 240 250 220 220 220 200 200 210 180 180 200 160 160 100 140 140 1 80 120 170 TOO 120 100 1 60 60 80 150 60 1 40 60 ■1 L I 1- ,-L.ll-L I I I 1 I 1I I Li -L I I Li. L.1.1 ± 1070 1 06 0 MISSOURI . U .S . 1071 L PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS Tennessee MANPOWER UTILIZATION__________________________________________ Annual Averages Total Employment Seasonally Thousands; Adjusted oT Persons Index 960 1965 1966 1967 1968 1969 I 1969 1970 Jan. Feb • Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1971 Jan. Eeu. Mar. Apr. May June July Aug* Sept. 1,626 1,637 1 ,6 U 5 l,66l 1,646 1,619 1,570 1,571 1,539 1,608 1,630 1,6 4 7 1,631 1,636 1,656 1,681 1,671 1,643 1,620 1,626 1,6146 1,656 1,679 1,663 1,663 1,681 1,614 122.7 122.9 122.7 122.8 122.8 121.5 122.8 122.8 123.3 122.6 122.1 123.2 124.8 124.1 124.1 123.9 123.7 123.4 123.2 122.8 12'+.2 124.2 123.9 125.0 128.7 127.5 126.9 126.4 125.7 125.8 125.6 124.8 126.1 136.0 138.7 139.5 143.5 148.7 120.0 1 5*3 104.6 123.5 130.5 125.7 122.7 123*9 , 1,554 1,569 1,593 1,613 1,624 Nonmanufacturing Employment Seasonally Thousands Adjusted of Persons Index 105.0 13*.7 100.7 112.1 116.5 117*9 1970 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Total Payroll Employment Seasonally Thousands Adjusted oi‘ Persons Index 144.1 147.8 150.8 1,272 1,273 1,284 1,293 1,311 1,321 1,320 1,327 1,323 1,325 1,323 1,329 1,299 1,303 1,311 1,323 1,325 1,332 1,325 1,329 1,341 1,344 1,3*8 1,354 1,345 1 ,3 4 0 1,339 1,347 1,353 1,362 1,356 1,358 1,366 147.2 148.0 147.9 148.4 149.2 149.2 149.1 148.9 I49.4 149.2 149.0 149.4 150.2 150.8 151.0 151.3 150.8 150.4 149.6 I49.2 150.9 151.4 812 814 819 832 849 840 846 848 851 854 854 859 832 836 345 855 363 869 860 862 871 877 151.8 152.2 880 886 155.6 155.2 154.1 154.0 153.9 153.8 153.1 879 379 879 152.6 153.7 887 893 897 892 894 900 142.8 143.3 143.1 143.7 1 4 4 .3 144.3 144.0 144.1 144.7 144.8 I 145.2 45.0 146.2 147.3 147.6 147.8 148.2 147.7 146.4 146.5 148.1 143.7 149.4 149.9 154.6 15**7 153.4 153.3 153.2 152.5 151.9 152.0 153.1 Manufacturing Employment Seasonally Adjusted Index 105.8 130.1 143.0 146.3 152.8 157.8 156.7 155.9 157.0 157.3 157.6 158.9 158.8 159.0 158.4 158.6 157.9 156.7 157.6 158.2 157.9 157.7 158.3 155.9 155.7 155.9 154.6 156.2 156.5 156.4 156.9 157.6 156.2 155.5 155.4 155.4 156.2 155.4 153.7 154.9 ____________________________ INCOME Unemployment Sate Seasonally Adjusted Millions of Dollars Monthly Rate 108.2 6.3 3.9 3.2 3.9 3.6 3.5 4.5 3.2 3.3 3.4 3.5 3.6 3.6 3.5 3.6 3.5 3.6 3.7 3.7 3.9 4.0 4.1 4.5 4.3 4 .4 4.4 4.7 4.7 5.0 4.8 4.8 4.5 5.1 5.1 4.7 4.8 4.9 4.5 4.7 4.5 Personal Income Seasonally Adjusted Index 902 901 909 915 926 930 935 950 971 983 963 946 955 958 974 974 989 991 995 1,003 1,042 1,032 1,014 1,025 1,022 1,048 1,055 1,068 1,116 1,106 N.A. N.A. Millions of Dollars 5,494 7,749 152.7 169.7 8,611 220.5 234.0 9,315 10,253 11,190 11,873 183.6 202.0 905 Farm Cash Receipts 215.6 215.6 216.5 216.8 217.7 218.7 220.8 221.9 223.3 22*+.6 226.-+ 228.2 226.1 230.0 232.2 231.6 227.3 233.5 235.4 236.2 235.9 241.1 237.9 240.3 245.1 243.1 251.6 251.5 253.8 263.4 262.9 N.A. N .A . 902 2,708 1,807 3,617 4,532 5,458 6,388 7,323 8,273 9,244 10,227 11,190 946 1,901 2,859 3,833 4,807 5,796 6,787 7,782 3,785 9,827 10,859 11,873 1,025 2,047 3,095 4,150 5,218 6,334 7,440 N.A. N .A . 3/ Millions of Dollars 501 601 607 603 6l4 667 707 46 86 123 161 201 244 288 335 386 472 576 667 55 99 143 183 221 262 309 349 399 484 611 707 81 123 165 206 244 288 307 348 N.A. MANPOWER UTILIZATION SEASONALLY AOJOSTEO T ENNESSEE PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING SEPTEMBER 1971 TOTAL TOTAL NONMANUFACTURING TENNESSEE U .S . PAYROLL EMPLOYMENT + 1 .9 + 0 .4 NONMANUFACTURING + 3 .4 + 2 .0 MANUFACTURING -0 .8 -3 .5 TOTAL EMPLOYMENT + 1 .5 + 1 .3 PERSONAL IN C O M E * + 1 1 .7 + 6 .7 * YEAR ENDING JULY PERSONAL -5 9 - 1 0 0 INCOME SEASONALLY AOJOSTEO 1 9 5 7 -5 9 -1 0 0 300 TOTAL MANUFACTURING 240 240 220 220 200 200 180 180 160 160 140 140 120 120 100 100 80 80 60 111111II 111 1 i 1.1 1 Ll 1 l.i.L. 1 iJ 11-1 Lll 11 1969 TENNESSEE 1971 60 .I i » n I I I I I I I 1 I I I I I I I I I 1 I I L I I I 1 i I I I I 1969 1970 1971 PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS CHECK PAYMENTS IN ELEVEN MFDIUM-SI7E C I T I F S MIL LI ON S OF DOLLARS SEPT % 1971 seasonally SEPT 1971 AUG 1/ adjusted 1971 i n d p *— JULY rr pm SEPT 1475“ 96 281.6 281.8 281.6 233.0 22 238.6 248.8 ?56 •0 l $2 • 6 TEXARKANA SMSA, ARK. 131 286.3 280.4 284.5 2 57.0 QUINCY, 120 261.7 268.1 255.8 239.4 124 249.6 241.2 23 9.7 £14. 9 93 282.3 283.5 280.2 250.0 72 254.2 253.5 257.2 209.4 66 311.3 308.1 308.6 269.1 22 191.6 192.0 196.1 181.7 FL DORADO, ARK. HELENA, ARK. ILL. OWENSBORO, KY. PADUCAH, KY. GREENVILLE, MISS. CAPE GIRARDEAU, HANNIBAL, MO. MO. SEDA LIA, MO. 52 284.2 285.7 287 .0 282.6 JACKSON, TENN. 86 308.8 313.6 321.9 267.0 1/ DF RI T S TO DEMAND DEPOSIT ACCOUNTS* EXCEPT INTERBANK AND U . S . GOVERNMENT ACCOUNTS, 2/ THREE-MONTH MOVING AVERAGES (EXCEPT LATEST MONTH, RELEASED OCTOBER 1971 WHICH I S A TWO-MONTH AVERAGE i . PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
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