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SELECTED ECONOMIC INDICATORS CENTRAL MISSISSIPPI VALLEY 1ST QUARTER 1972 STATE ACTIVITY SUMMARY DISCUSSION page 3 METROPOLITAN AREA ACTIVITY page page page SUMMARY 4 SUMMARY 16 EVANSVILLE ARKANSAS 6 ST. LOUIS 18 SPRINGFIELD, MO. 28 KENTUCKY 8 LOUISVILLE 20 FORT SMITH 30 MISSISSIPPI 10 MEMPHIS 22 PINE BLUFF 32 MISSOURI 12 LITTLE ROCK 24 TENNESSEE 14 26 CHECK PAYMENTS 10 OTHER CITIES page 34 Prepared by Federal Reserve Bank of St. Louis Released: May 11, 1972 THE DATA Selected economic data are provided for five states and eight Standard Metropolitan Statistical Areas which are entirely or parti ally within the Eighth Federal Reserve District. Also included are check payment series for ten other Eighth District cities. Wednesday of the current month. Data are collected by this Bank find the Board of Gov ernors of the Federal Reserve System. Spending Check payments are debits to de mand deposit accounts, except interbank and U.S. Government accounts. The data are based on a sample of commercial banks in each area adjusted to reflect total debits of all banks in the area and the nuntaer of trading days in the month. Data are collected by this Bank and the Board of Governors of the Federal Re serve System. Data are presented in both unadjusted and seasonally adjusted index form. Index num bers are on a 1967s100 base. The latest data in most series are preliminary and are revised as the final figures are received. Manpower Utilization Basic employment data are from the re spective State Employment Security Office and the United States Department of Labor. Income State personal income figures are annual rates of monthly figures published by Business Week. United States data are from the Department of Commerce. Banking Activity Total loan and total deposit data are for Federal Reserve member banks only and are averages of data for the last Wednesday of the preceding month, the Wednesday on or preceding the 15th of the current month, and the last Farm cash receipts are annual rates of monthly figures published by the United States Department of Agriculture. 2 SUMMARY OF CENTRAL MISSISSIPPI VALLEY ECONOMIC ACTIVITY The pace of economic activity In the Central Mississippi Valley (CMV) Increased in the first quarter of 1972 from fourth quarter 1971 levels. Employment, personal income, spending, and banking activity in CMV states advanced faster than in the nation as a whole. Of the selected economic indicators, only CMV farm cash receipts lagged behind the national trend. Louisville Total employment in the CMV states rose at an annual rate of 6.6 percent during the first quarter, above the 4.2 percent rate of the nation. For both the CMV and U.S., employment in nonmanufacturing industries showed the greatest gains. The unemployment rate for the CMV states decreased to 4.6, remaining well below the 5.9 percent rate in the nation. Memphis Banking activity advanced rapidly in the first quarter as loans and deposits of member banks rose at rates of 18.5 and 15.7 percent, respectively. The unemployment rate dropped to 5.1 percent, the lowest quarterly level in more than a year. Payroll employment in Memphis increased at a rate of 7.2 percent during the quarter, and total em ployment rose by 11.3 percent, dropping the unemploy ment rate to 2.9 percent in March. Bank loans and deposits rose sharply in January and then leveled off during the remainder of the quarter. Personal income for the CMV states increased at an annual rate of 15.6 percent during the first quarter, above the 11.1 percent growth rate of the nation. Farm cash receipts in the CMV states lagged well behind those of the U.S., increasing at a rate of 4.7 percent while U.S. receipts rose at a rate of 26.4 percent. This lag reflects some unusual CMV marketings last fall rather than a basic difference in area and U.S. trends. Spend ing, measured by check payments, grew at a 17.9 percent rate in the eight CMV metropolitan areas, above the 13.2 percent rate of increase in the U.S. Little Rock While payroll employment increased at a rapid 5.5 percent rate in the first quarter, the unemploy ment rate rose slightly to 3.1 percent. Bank loans continued the rapid expansion that began in the middle of 1971. Evansville, Springfield, Fort Smith, Pine Bluff Loans at Evansville banks are continuing to recover from substantial declines experienced during the summer of 1971; loans at these banks grew at an annual rate of 19.2 percent in the first quarter of 1972. Springfield nonmanufacturing employment rose at a rate of 3.4 percent in the quarter, the first strong advance since the beginning of 1971. Fort Smith bank loans fell in the first quarter after in creasing at a rate of 18.4 percent in 1971. This loan decline may reflect the slow 4.1 percent rate of deposit growth at these banks since the second quarter of 1971. Nonmanufacturing employment in Pine Bluff declined of 0.7 percent during 1971, but rose at an annual rate of 10.4 percent in the first quarter of this year. The rate of growth of banking activity, as shown by loans and deposits of CMV metropolitan area banks, increased at faster rates in the first quarter of this year than in late 1971. Total deposits of these banks grew at a 16.2 percent rate in the quarter compared with a 6.1 percent rate in the second half of 1971. Loans at the CMV banks rose at a rate of 20.7 percent in the quarter, twice the 9.4 percent increase for the second half of 1971. St. Louis The seasonally adjusted average unemployment rate for the first quarter of 1972 was 6.0 percent, the lowest rate since the first quarter of 1971. Nonmanufacturing employment increased for the first time since the be ginning of 1971, rising at an annual rate of 2.6 percent. 3 CENTRAL M I S S I S S I P P I VALLEY STATE SUMMARY III IV 1972 1 JAN 1972 FEB MAR 104.7 105.9 104.3 106.5 105. 1 107.5 106.8 108.6 106.8 108.3 106.6 108.3 106.9 109. 1 107.9 107.0 107.7 107.4 107.5 107.3 108.1 107.9 109.7 109. 1 109.7 108.8 109.7 109.0 109.7 109.4 109.8 112.0 109.6 112.4 109.7 112.3 109.8 113.0 111.7 114.4 111.8 114.2 111.7 114.2 1!1.6 114.7 103.5 95.2 103.3 95.4 102.6 95.3 104.1 95.8 105.3 96.4 104.9 95.9 105.3 96.4 105.6 96.9 5.3 6.0 5.2 6.0 5.3 6.0 5.0 6.0 4.6 5.9 4.5 5.9 4.8 5.7 4.5 5.9 132.2 132.5 136.0 132.7 138. 1 137.4 141.0 139.3 N. A. 143.0 144.5 141.9 N. A. 143.3 N. A. 143.8 119.2 117.1 117.3 118.7 114.4 119.7 134. 1 128.2 N. A. N. A. 130.9 126.6 134.7 134.6 N. A. N. A. i II 105.4 105.7 1971 MANPOWER UTILIZATION TOTAL EMPLOYMENT INDEX C.M.V. STATES UNITED STATES PAYROLL EMPLOYMENT INDEX C.M.V. STATES UNITED STATES NONMANUFACTURING EMPLOYMENT INDEX C.M.V. STATES UNITED STATES MANUFACTURING EMPLOYMENT INDEX C.M.V. STATES UNITED STATES UNEMPLOYMENT RATE C.M.V. STATES UNITED STATES INCOME PERSONAL INCOME INDEX C.M.V. STATES UNITED STATES FARM CASH RECEIPTS INDEX C.M.V. STATES UNITED STATES N.A. ALL - NOT AVAILABLE INDEXES; 1967-100 4 CENTRAL M I S S I S S I P P I VALLEY STATE SUMMARY 1967-100 PAYROLL EMPLOYMENT 1967-100 130 PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 STATE SUMMARY U.S. TOTAL PAYROLL EMPLOYMENT ♦ 2.2 ♦2.0 ♦ 1.8 NONMANUFACTURING ♦ 2.2 MANUFACTURING ♦ 2.8 ♦ 2.2 ♦ 1.7 TOTAL EMPLOYMENT ♦3.4 ♦9.6 ♦7.6 PERSONAL INCOME * * YEAR ENDING JANUARY 125 120 115 110 105 100 95 NONMANUFACTURING EMPLOYMENT 1967-100 TOTAL EMPLOYMENT 1967-100 1967-100 PERSONAL INCOME 1967 -100 170 165 160 155 150 MANUFACTURING EMPLOYMENT 145 140 135 130 125 120 115 110 105 C.M.V. STATES U.S. ALL DATA ARE SEASONALLY ADJUSTED 5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ARKANSAS 1971 III IV 1972 1 JAN 1972 FEB MAR 711.8 107.0 721.8 107.1 707. 1 107.3 695.0 109.8 681.0 109.5 693.3 109.5 710.5 110.4 527.6 108. 1 543.3 108.8 550. 2 108.9 546.6 109.6 540.3 110.7 536.7 110.4 539.3 110.7 544.8 110.9 363.5 107.4 374.3 107.9 378.0 107.8 375. 1 108.2 368.9 109.0 366.0 108.6 368.3 109.0 372.2 109.2 164. 1 109.7 169. 1 111.1 172.2 111.5 171.5 112.7 171.5 114.6 170.7 114.5 171.0 114.4 172.6 114.9 45.9 5.6 41.8 5.4 37.2 5.4 35.3 5.2 41.3 5.0 42.5 5. 1 42.9 5. 1 38.5 4.7 5,404 135.8 5,552 138.5 5,836 141.6 6,396 144.8 N.A. N.A. 5,976 143.2 N.A. N.A. N.A. N.A. 650 119.0 682 122.6 808 122.2 2,590 149.2 N.A. N.A. 930 134.5 668 141.7 N.A. N.A. 1 II 680.8 107.6 MANPOWER UTILIZATION TOTAL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX PAYROLL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX NONMANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX MANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX UNEMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED RATE INCOME PERSONAL INCOME MILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX FARM CASH RECEIPTS MILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX N.A. ALL - NOT AVAILABLE INDEXES: 1967-100 6 ARKANSAS 1967-100 PAYROLL EMPLOYMENT 1967 100 130 PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 125 120 115 110 TOTAL PAYROLL EMPLOYMENT NONMANUFACTURING MANUFACTURING TOTAL EMPLOYMENT PERSONAL INCOME * * YEAR ENDING JANUARY 105 100 95 NONMANUFACTURING EMPLOYMENT 130 ARKANSAS ♦2.3 ♦ 1.5 ♦4.3 ♦2.4 ♦4.3 U.S. ♦2.2 ♦2.2 ♦2.2 ♦3.4 ♦7.6 125 120 1967-100 TOTAL EMPLOYMENT 1967-100 115 120 110 115 105 110 100 105 95 100 MANUFACTURING EMPLOYMENT 95 120 115 110 PERCENT UNEMPLOYMENT RATE PERCENT 10 105 100 95 90 85 ARKANSAS U. S ALL DATA ARE SEASONALLY ADJUSTED 7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS KENTUCKY 1 II 1971 III IV 1972 1 JAN 1972 FEB MAR MANPOWER UTILIZATION TOTAL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX PAYROLL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX NONMANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX MANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX UNEMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED RATE 1118.0 1170.5 1187.7 1175.1 1124.0 1120.0 1114.6 1137.3 107.6 106.6 106.0 106.4 108.2 108.9 107.6 107.9 916.6 111.7 938.7 111.7 940. 1 111.9 946.4 112.2 928.2 113.1 931.7 113.6 923.2 112.6 929.7 113.0 668.0 113.1 692.0 113.6 693.6 114.3 695.3 113.9 675.7 114.4 679.5 115.3 672.1 114.0 675.5 113.9 248.7 107.9 246.7 106.7 246.5 105.8 251 .1 107.8 252.5 109.6 252.2 109. 1 251.1 109.0 254.2 110.6 76.2 5.7 73.2 5.7 70.9 6. 1 63.4 5.5 67.2 5.0 65.2 4.7 69.3 5.0 67. 1 5.2 N. A. 11,520 N. A. 147.4 N.A. N.A. N.A. N.A. 588 125.0 N.A. N.A. INCOME PERSONAL INCOME MILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX FARM CASH RECEIPTS MILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX N.A. ALL 10,092 10,560 10,716 11,432 133.0 137.8 139.9 142.5 754 112.1 500 115.4 - NOT AVAILABLE INDEXES: 1967-100 8 668 125.0 1,751 134.4 N. A. N.A. 1,480 130.0 KENTUCKY 1967-100 PAYROLL EMPLOYMENT 1967-100 PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 CM 130 U.S. +2.2 ♦2.2 + NONMANUFACTURING EMPLOYMENT KENTUCKY + 1.3 +0.6 +3.3 +0.2 + 12.2 CM TOTAL PAYROLL EMPLOYMENT NONMANUFACTURING MANUFACTURING TOTAL EMPLOYMENT PERSONAL INCOME * * YEAR ENDING JANUARY ♦3.4 ♦7.6 125 120 100 115 120 110 115 105 110 100 105 95 100 MANUFACTURING EMPLOYMENT PERSONAL INCOME 95 120 115 110 105 100 95 90 85 KENTUCKY U.S. ALL DATA ARE SEASONALLY ADJUSTED 9 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS M ISSISSIPPI 1971 111 IV 1972 1 JAN 1972 FEB MAR 796.3 105.2 800.3 105.5 819.2 107.9 806.9 108. 1 804.6 107.9 806.0 108.0 810.0 108.3 576.4 109.9 584.1 109.7 587.6 109.9 596.6 111.3 597.0 113.8 594.7 113.7 596. 1 113.6 600. 1 114.0 394.7 109.9 399.6 109.3 401.0 109.5 406.2 110.3 402.5 112.1 402.3 112.5 401.4 111.8 403.8 111.9 181.8 109.9 184.6 110.8 186.6 110.9 190.4 113.5 194.5 117.6 192.4 116.3 194.7 117.6 196.3 118.7 44.3 5.2 47.0 5. 1 42.0 5. 1 33.8 4.5 34.9 4.1 35.5 4.1 35.2 4.0 33.8 4.0 5,732 133.1 5,872 136. 1 6,048 137.8 6,824 142.7 N. A. N. A. 6,576 149.7 N.A. N.A. N.A. N.A. 822 116.5 641 117.6 626 111.3 1,294 128.7 727 132.2 N.A. N.A. 1 11 786.3 105.4 MANPOWER UTILIZATION TOTAL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX PAYROLL EMPLOYMENT THOUSANDS OF PERSONS • SEASONALLY ADJUSTED INDEX NONMANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX MANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX UNEMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED RATE INCOME PERSONAL INCOME MILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX FARM CASH RECEIPTS MILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX N.A. ALL - NOT AVAILABLE INDEXES: 1967-100 10 i ! 1 1,778 ' N. A. 135.5 1 N.A. MISSISSIPPI PAYROLL EMPLOYMENT PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 CM 130 * NONMANUFACTURING EMPLOYMENT U.S. *2.2 CM MISSISSIPPI TOTAL PAYROLL EMPLOYMENT *3.8 NONMANUFACTURING 1-2.1 +7.7 MANUFACTURING TOTAL EMPLOYMENT 1-2.8 + 12.7 PERSONAL INCOME * * YEAR ENDING JANUARY ♦2.2 *3.4 *7.6 125 120 TOTAL EMPLOYMENT PERSONAL INCOME 115 1967 -100 170 uo 165 105 160 100 155 95 150 1967-100 MANUFACTURING EMPLOYMENT 1967-100 1967-100 145 MO 135 130 125 120 115 110 105 MISSISSIPPI — U.S. ALL DATA ARE SEASONALLY ADJUSTED PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MISSOURI 1 II 1971 III IV 1972 1 JAN 1972 FEB MAR MANPOWER UTILIZATION TOTAL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX PAYROLL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX NONMANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX MANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX UNEMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED RATE 1904.7 1970.5 1975.6 1947.4 1900.4 1884.7 1888.8 1927.7 101.6 101.1 99.9 100. 1 101.4 101.1 101.4 101.5 1614.6 1632.2 1621.7 1633.6 1615.8 1612.0 1611.8 1623.6 103.0 102.6 101.9 101.8 103.0 102.6 103. 1 103. 1 1192.6 1210.2 1202.2 1211.2 1193.5 1190.5 1189.9 1199.9 106.6 106.2 105.9 105.5 106.7 106.4 106.6 106.9 422.0 93.7 422. 1 93.4 419.5 91.9 422.5 92.6 422.4 93.8 421.5 93. 1 421.9 94.5 423.7 93.6 122.6 5.5 113.6 5.2 114.2 5.6 95.6 5.5 115.3 5.2 114.5 5.0 124.5 5.6 106.7 5.0 N. A. 18,780 N. A. 138.1 N.A. N. A . N.A. N.A. 1,51 1 140.6 N.A. N.A. INCOME PERSONAL INCOME MILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX FARM CASH RECEIPTS MILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX N.A. ALL 17,512 18,040 18,312 18,879 129.3 131.7 132.4 134.8 1,399 117.2 1,224 114.0 - NOT AVAILABLE INDEXES: 1967-100 12 1,558 117.6 2,557 133.6 N. A. N. A . 1,800 129.8 MISSOURI PAYROLL EMPLOYMENT PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 NONMANUFACTURING EMPLOYMENT 1967-100 TOTAL EMPLOYMENT 1967-100 1967-100 PERSONAL INCOME U.S. ♦ ro ro TOTAL PAYROLL EMPLOYMENT NONMANUFACTURING MANUFACTURING TOTAL EMPLOYMENT PERSONAL INCOME * * YEAR ENDING JANUARY MISSOURI +0.7 +0.4 + 1.7 +0.5 +7.2 +2.2 +2.2 +5.4 +7.6 1967 -100 170 165 160 155 150 MANUFACTURING EMPLOYMENT 145 140 155 150 125 120 115 110 105 MISSOURI U.S ALL DATA ARE SEASONALLY ADJUSTED 13 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS TENNESSEE 1 II 1971 III IV 1972 1 JAN 1972 FEB MAR MANPOWER UTILIZATION TOTAL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX PAYROLL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX NONMANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX MANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX UNEMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED RATE 1620.1 1658.6 1667.6 1701.1 1665.9 1660.2 1660.0 1677.4 108.0 107.0 106.8 107.9 111.0 111.4 110.7 I10.8 1341.2 1353.8 1359.4 1376.9 1381.5 1379.3 1380.8 1384.3 111.0 110.3 110. 1 111.2 114.3 114.4 114.4 114.1 878.9 113.2 892.2 112.4 894.6 112.3 907.9 113.4 918.0 118.3 916.0 118.4 917.8 118.5 920. 1 117.8 462.3 106.9 461.7 106.4 464.8 106.0 469.0 107.3 463.5 107.3 463.3 107. 1 463.0 107.5 464.2 107.3 88.6 4.9 90.5 4.9 76.7 4.6 65.8 4.2 69.9 3.8 71.4 3.7 71.7 3.9 66.4 3.7 N. A. 13,716 N. A. 148.4 N. A . N. A. N. A. N. A. 538 126.8 N. A. N. A. INCOME PERSONAL INCOME MILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX FARM CASH RECEIPTS MILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX 12,380 12,956 13,336 13,832 134.2 139.8 142.8 146.7 661 142.0 491 119.0 N . A . - NOT AVAILABLE ALL INDEXES: 1967-100 14 448 91.9 1,400 134.9 N. A . N. A. 737 136.8 TENNESSEE 1967-100 PAYROLL EMPLOYMENT 1967 100 130 PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 125 120 115 110 TOTAL PAYROLL EMPLOYMENT NONMANUFACTURING MANUFACTURING TOTAL EMPLOYMENT PERSONAL INCOME * * YEAR ENDING JANUARY 105 100 95 NONMANUFACTURING EMPLOYMENT 130 TENNESSEE ♦3.4 ♦4.7 ♦0.9 ♦3.2 ♦ 11.5 U.S. ♦2.2 ♦2.2 ♦2.2 ♦3.4 ♦7.6 125 120 1967-100 TOTAL EMPLOYMENT 120 1967 -100 170 110 115 165 105 110 160 100 105 155 95 100 150 95 145 MANUFACTURING EMPLOYMENT 140 120 115 TENNESSEE . U.S 1967-100 PERSONAL INCOME 115 1967-100 percent UNEMPLOYMENT RATE pe r c e n t 135 110 130 105 125 100 120 95 115 90 110 85 105 ALL DATA ARE SEASONALLY ADJUSTED 15 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS EIGHT CENTRAL M I S S I S S I P P I VALLEY METROPOLITAN AREAS 1971 III IV 1972 1 JAN 1972 FEB MAR 106.0 107.4 106.0 107.3 106.6 107.9 106.7 109. 1 106.6 108.8 106.6 109.0 106.8 109.4 110.5 112.0 110.8 112.4 110.4 112.3 111.2 113.0 112.1 114.4 112.1 114.2 112.0 114.2 112.1 114.7 95.7 95.2 95. 1 95.4 93.6 95.3 95. 1 95.8 95.0 96.4 94.9 95.9 94.9 96.4 95.1 96.9 5.4 6.0 5.4 6.0 5.5 6.0 5.4 6.0 5.0 5.9 4.9 5.9 5.2 5.7 4.7 5.9 133.7 135.0 136.8 137.8 137.2 140.4 143. 1 144.3 150.0 149.0 149.5 146.8 149.4 148.3 151.1 151.7 121.4 127.9 126.7 132.3 129.0 134.9 130.6 137.0 135.6 141.2 132.3 139.6 136.0 141.0 138.3 142.8 153.9 160.7 160. 1 169.5 170.4 177.0 178.7 179.5 186.1 N.A. 184.0 183.4 187.7 184.8 186.6 N.A. 1 II 104. I 107.0 MANPOWER UTILIZATION PAYROLL EMPLOYMENT INDEX C.M.V. AREAS UNITED STATES NONMANUFACTURING EMPLOYMENT INDEX C.M.V. AREAS UNITED STATES MANUFACTURING EMPLOYMENT INDEX C.M.V. AREAS UNITED STATES UNEMPLOYMENT RATE C.M.V. AREAS UNITED STATES BANKING ACTIVITY TOTAL LOANS INDEX C.M.V. AREAS UNITED STATES TOTAL DEPOSITS INDEX C.M.V. AREAS UNITED STATES SPENDING CHECK PAYMENTS INDEX C.M.V. AREAS UNITED STATES N.A. ALL - NOT AVAILABLE INDEXES: 1967-100 16 EIGHT CENTRAL MISSISSIPPI VALLEY METROPOLITAN AREAS TOTAL BANK LOANS PAYROLL EMPLOYMENT PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 AREA SUMMARY U.S. TOTAL PAYROLL EMPLOYMENT TOTAL LOANS TOTAL DEPOSITS CHECK PAYMENTS * * YEAR ENDING FEBRUARY TOTAL BANK DEPOSITS UNEMPLOYMENT RATE PERCENT -1 1 1 1 1 1 1 1 1 1 1 1 1 1 I I 1111 l i . 1 1 1 1 1 1 ■ 11 i i C. M.V. AREAS 1971 ■■■ U . S . 1972 --------- *2.2 * 11.6 * 11.6 * 10.1 *21.9 *15.4 CHECK PAYMENTS 1967-100 1967-100 240 220 PERCENT 10 1970 +2.3 * 12.8 10 200 8 180 6 160 4 140 2 120 100 0 1970 1971 1972 ALL DATA ARE SEASONALLY ADJUSTED 17 1970 1971 1972 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ST. LOUIS, MISSOURI - ILLI NO IS METROPOLITAN AREA 1 II 1971 III IV MANPOWER UTILIZATION PAYROLL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX NONMANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX MANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX UNEMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED RATE 1972 1 JAN 1972 FEB MAR i 878.0 101 .6 891.1 101.3 887.6 100.4 889. 1 100.5 872.3 101.0 871.2 100.7 871.6 101.5 873.9 100.6 617. 1 107.5 629.7 107.5 628.5 107.1 631.4 107.1 618.9 107.9 618.8 108.0 618.0 107.9 619.9 107.6 260.9 89.9 261.5 89. 1 259. 1 87.1 257.5 87.3 253.4 87.3 252.4 86.3 253.6 88.9 254.0 86.7 66.5 6.0 67.0 6.2 66.2 6.3 55.4 6.2 64.9 6.0 62.8 5.7 71.0 6.3 60.9 5.8 2,571 124.4 2,604 127.0 2,573 124. 1 2,639 128.2 2,694 130.4 2,750 130.7 2,656 128.9 2,676 131.4 3,797 111.4 3,827 114.5 3,871 115.8 3,981 116. 1 4,047 118.6 4,111 116.7 3,100 118. 1 4,031 121.0 150. 1 153.8 156.2 160.4 166.9 174.5 176.6 181.9 187.0 186.8 195. 1 186.7 165.3 188.8 200.4 184.8 BANKING ACTIVITY TOTAL LOANS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX TOTAL DEPOSITS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX SPENDING CHECK PAYMENTS BILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX N.A. ALL - NOT AVAILABLE INDEXES: 1967-100 18 ST. LOUIS MISSOURI-ILLINOIS METROPOLITAN AREA PAYROLL EMPLOYMENT 1967-100 TOTAL BANK LOANS 1967-100 220 220 210 210 200 200 190 190 180 180 170 170 160 160 150 150 140 140 130 1970 1971 120 110 100 1972 130 ----------- -------- UNEMPLOYMENT RATE L O UI S U.S. U.S. -0.4 +5.6 +7.1 +22.4 +2.2 + 1!.6 + 10. 1 + 15.4 TOTAL PAYROLL EMPLOYMENT TOTAL LOANS TOTAL DEPOSITS CHECK PAYMENTS * X YEAR ENDING FEBRUARY ■i 1 1 1 1 1 1 1 1 J-l 1970 1 1 l.ll.l.U 1-J 1- 1 1 1 1 1 1 1 l.l LI 1971 1972 110 100 CHECK PAYMENTS 1967-100 1967-100 240 220 PERCENT 10 8 6 200 4 140 2 120 100 0 ST . ST. LOUIS 120 TOTAL BANK DEPOSITS PERCENT PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 180 160 1970 1971 1972 ALL DATA ARE SEASONALLY ADJUSTED 19 1970 1971 1972 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS L O U I S V I L L E , K E N T U C K Y - I N D I ANA METROPOLI TAN AREA 1971 III IV 1972 1 JAN 1972 FEB MAR 329.3 109.8 329.6 109.3 332.1 111.2 325.2 111.3 324.2 111.1 324.0 110.8 327.4 111.8 216.1 116.3 224.1 116.6 224.8 116.7 225.5 117.7 218.7 117.7 218. 1 117.6 217.8 117.3 220. 1 118.2 108.4 101.4 105.2 97.7 104.7 96.3 106.7 99.8 106.6 99.7 106.2 99.4 106.2 99.2 107.4 100.4 19.7 5.3 22.7 5.5 22.3 5.5 18. 1 5.4 18.9 5. 1 18.9 5.0 19.9 5. 1 17.7 5.0 981 161.8 1,002 168.4 1,01 1 168.0 1,052 170.7 1,079 178.0 1,097 175.0 1,067 177.4 1,075 181.5 1,413 134.1 1,469 142.4 1,503 145.8 1,552 145.2 1,585 150.5 1,606 145.6 1,568 151.3 1,580 154.5 30. 1 146.8 32.1 152.5 32.0 153.5 35. 1 162.0 34.7 166.5 34.8 161.7 32.0 166.9 37.2 170.7 1 II 324.5 111.0 MANPOWER UTILIZATION PAYROLL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX NONMANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX MANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX UNEMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED RATE BANKING ACTIVITY TOTAL LOANS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX TOTAL DEPOSITS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX SPENDING CHECK PAYMENTS BILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX N.A. ALL - NOT AVAILABLE INDEXES: 1967-100 20 LO UISVILLE KENTUCKY-INDIANA METROPOLITAN AREA PAYROLL EMPLOYMENT 1967-100 TOTAL BANK LOANS 1967->100 220 210 210 200 200 190 190 180 180 170 170 160 160 150 150 140 140 130 1970 1971 1972 130 — 120 120 110 100 110 100 ■-IJ..I Lli l.i 1 li tlit i.Lii Li j- i .I i .I i .I ii 1970 1971 1972 TOTAL BANK DEPOSITS PERCENT UNEMPLOYMENT RATE U.S. LOUISVILLE TOTAL PAYROLL EMPLOYMENT TOTAL LOANS TOTAL DEPOSITS CHECK PAYMENTS * X YEAR ENDING FEBRUARY 1967-100 CHECK PAYMENTS +0.8 + 10.7 + 12.2 + 13.9 U.S. +2.2 + 11.6 + 10. 1 + 15.4 1967-100 240 220 PERCENT 10 200 8 180 6 160 4 140 2 120 0 LOUISVILLE PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 1970 1971 1972 ALL DATA ARE SEASONALLY ADJUSTED 21 100 PREPARED BY FEOERAL RESERVE BANE OF ST. LOUIS MEMPHIS, TENNESSEE-ARKANSAS METROPOLITAN AREA 1 II 1971 III IV 1 JAN 1972 FEB MAR 1972 MANPOWER UTILIZATION PAYROLL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX NONMANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX MANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX UNEMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED RATE 275.1 111.8 279.7 112.1 283.4 112.5 286.2 113.5 284.2 115.5 284.6 115.6 283.0 115.0 284.8 115.7 218.1 115.1 222.7 115.9 226.1 116.4 227.8 117.0 226.0 119.2 226.6 119.3 224.7 118.6 226.7 119.7 57.1 101.1 57.0 99.6 57.3 99.7 58.4 102.0 58.2 103.0 58.0 103.3 56.3 103.0 56.1 102.6 13.8 4.3 16.5 4.3 16.3 4.4 11.7 3.9 12.7 3.5 12.2 3.8 13.1 3.6 12.6 2.9 1,092 132.8 1,057 131.1 1,113 137.9 1,202 146.0 1,320 160.5 1,348 162.2 1,320 160.8 1,292 156.3 1,684 131.9 1,755 139.0 1,792 142.8 1,920 147.8 2,020 158.2 2,034 154.3 2,001 160.2 2,026 160.0 34.1 162.6 34.9 166.7 36.8 176.7 42.5 189.0 45.4 211.8 44.1 203.3 42.9 212.9 49.0 219.0 BANKING ACTIVITY TOTAL LOANS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX TOTAL DEPOSITS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX SPENDING CHECK PAYMENTS BILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX N.A. ALL - NOT AVAILABLE INDEXES: 1967-100 22 U F M P H IS TENNESSEE-ARKANSAS METROPOLITAN AREA PAYROLL EMPLOYMENT 1967 •100 220 TOTAL BANK LOANS 1967-100 220 210 210 200 200 190 190 180 180 PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 MEMPHIS 170 170 160 J 150 /Vs 160 y 150 140 140 150 130 120 120 TOTAL PAYROLL EMPLOYMENT TOTAL LOANS TOTAL DEPOSITS CHECK PAYMENTS * # YEAR ENDING FEBRUARY +3.5 +21.5 +18.4 +31.9 U.S. +2.2 +11.6 +10.1 +15.4 110 110 . ........ III.ill.In . i i . L j j J . i x L i i A . 100 100 1970 1971 1972 TOTAL BANK DEPOSITS PERCENT UNEMPLOYMENT RATE PERCENT CHECK PAYMENTS 1967-100 240 1967-100 240 220 220 200 200 180 180 160 160 140 ---- -------- ^ 140 120 120 1970 MEMPHIS U.S. 1971 1972 ALL DATA ARE SEASONALLY ADJUSTED 23 100 1 1 1 1 i 1 i 1 1.1 i 1970 ■Ll L i .1,1 J - t J j - L ■t i l l l l - l - I I.LJ - 1971 1972 100 PREPARED 6Y FEDERAL RESERVE SANK OF ST. LOUIS LITTLE ROCK, NORTH LITTLE ROCK, ARKANSAS METROPOLITAN AREA 1971 III IV 1972 1 JAN 126.8 109.6 128.6 110.1 128.8 111.5 128.0 112.9 96.5 108.4 99.6 109.3 101.3 110.1 101.7 111.7 26.9 110.2 27.3 110.6 27.3 110.1 4.6 3.3 4.9 3.2 347 137.0 1972 FEB MAR 127.5 112.6 127.4 112.4 129. 1 113.6 100.9 113.4 100.5 113.0 100.3 112.9 101.8 114.1 27.2 110.6 27.2 111.2 27.0 111.0 27.1 110.6 27.3 111.8 5.0 3.2 4.3 2.9 4.5 3.1 4.8 3.2 4.4 3.2 4. 1 2.9 367 144.6 397 154.7 446 173. 1 505 199.6 502 195.9 507 200.5 507 202.2 548 128.5 572 135.5 583 138.0 616 141.4 645 151.3 646 146. 1 642 153. 1 647 154.5 11.0 168.0 11.4 173.5 11.3 174.7 12.3 186. I 13.2 199.0 14.0 195.5 12.2 201 .8 13.3 199.6 1 II 123.3 108.8 MANPOWER UTILIZATION PAYROLL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX NONMANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX MANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX UNEMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED RATE BANKING ACTIVITY TOTAL LOANS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX TOTAL DEPOSITS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX SPENDING CHECK PAYMENTS BILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX N.A. ALL - NOT AVAILABLE INDEXES: 1967-100 24 LITTLE ROCK NORTH LITTLE ROCK, ARKANSAS METROPOLITAN AREA 1967-100 PAYROLL EMPLOYMENT 1967-100 1967-100 TOTAL BANK LOANS 1967-100 PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 LITTLE ROCK TOTAL PAYROLL EMPLOYMENT TOTAL LOANS TOTAL DEPOSITS CHECK PAYMENTS * * YEAR END INC FEBRUARY 1970 1971 UNEMPLOYMENT RATE +2.2 + 11.6 + 10. 1 + 15.4 1972 TOTAL BANK DEPOSITS PERCENT +4.0 +44. 1 + 17.3 + 19. 1 U.S. CHECK PAYMENTS 1967-100 1967-100 240 220 PERCENT 200 180 160 140 120 1970 L I T T L E ROCK 1971 1972 100 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS U.S. 25 E V A N S V IL L E , INDIANA-KENTUCKY M E T R O P O L I T A N AREA 1971 1 JAN 1972 FEB MAR 87.8 103.8 88.0 105.9 87.4 105.9 87.8 105.5 88.8 106. 1 56.5 109. 1 56.3 108.2 55.6 110.5 55.6 110.9 55.3 109.9 55.8 110.7 34.6 100.3 33.8 98.3 31.6 96.8 32.5 98.4 31.6 97.9 32.5 98.5 33.0 98.8 5.4 4.7 4.5 4.0 3.9 4.0 5.3 5.7 5.0 4.4 5.0 4.2 5.3 4.4 4.7 4.5 268 134.0 284 138.9 274 134.5 286 140.1 293 146.4 293 146.2 289 145.4 296 147.6 395 127.9 410 132.1 409 133.8 422 135.8 436 141.2 437 137.4 431 142.1 440 144.0 5.8 123.8 6.0 126.1 6.0 125. 1 6.4 132.4 6.3 134.3 6.6 135.0 5.9 133.3 6.3 134.5 1 II 85. 1 102.4 III IV 90.8 106.1 90.3 105.0 54.7 109.0 56.2 109.7 30.4 92.2 1972 MANPOWER UTILIZATION PAYROLL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX NONMANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX MANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX UNEMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED RATE BANKING ACTIVITY TOTAL LOANS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX TOTAL DEPOSITS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX SPENDING CHECK PAYMENTS BILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX N. A. ALL - NOT AVAILABLE INDEXES: 1967-100 26 EVANSVILLE INDIANA-KENTUCKY METROPOLITAN AREA 1967-100 PAYROLL EMPLOYMENT 1967-100 1967-100 TOTAL BANK LOANS 1967 - 1 0 0 220 210 PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 200 190 180 EVANSVILLE 170 160 150 140 150 TOTAL PAYROLL EMPLOYMENT TOTAL LOANS TOTAL DEPOSITS CHECK PAYMENTS * * YEAR ENDING FEBRUARY +0.1 +9.2 + 11.4 ♦7.5 U.S. +2.2 + 11.6 + 10.1 + 15.4 120 1970 1971 1972 1970 1971 1972 110 100 TOTAL BANK DEPOSITS CHECK PAYMENTS 1967-100 1967-100 170 PERCENT UNEMPLOYMENT RATE 1970 EVANSVILLE 1971 1972 U.S. 160 PERCENT 10 150 8 140 6 150 4 120 2 110 100 0 1970 1971 1972 ALL DATA ARE SEASONALLY ADJUSTED 27 1970 1971 1972 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS SPRINGFIELD MISSOURI METROPOLITAN AREA 1971 III IV 1972 1 JAN 1972 FEB MAR 58.5 117.9 58.3 117.3 59.3 118.0 58.5 119.7 58. 1 118.6 58.3 119.2 58.9 121.2 42.9 120.3 43.0 118.0 42.4 117.6 43.1 117.9 42.4 118.8 42.0 117.7 42.4 118.8 42.7 119.9 15.4 115.9 15.5 117.5 16.0 116.6 16.2 118.4 16.1 121.9 16. 1 120.9 15.9 120.2 16.2 124.6 3.6 4.3 3.0 4.0 2.6 4.1 2.5 3.9 2.9 3.5 3.4 3.8 2.7 3. 1 2.6 3.4 87 171.5 94 180.8 100 186.8 102 194.6 107 209.7 106 207.4 107 210.9 108 210.7 137 139.3 144 148.1 155 153.3 161 159.2 168 171.3 166 164.5 168 173.2 170 176.1 4.8 182.2 5.2 196.9 5.3 195.5 5.3 201.2 5.4 204.6 5.4 201.5 5.0 204.0 5.7 208.2 1 II 58.2 119.1 MANPOWER UTILIZATION PAYROLL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX NONMANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX MANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX UNEMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED RATE BANKING ACTIVITY TOTAL LOANS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX TOTAL DEPOSITS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX SPENDING CHECK PAYMENTS BILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX N.A. ALL - NOT AVAILABLE INDEXES: 1967-100 28 SPRINGFIELD MISSOURI METROPOLITAN AREA TOTAL BANK LOANS PAYROLL EMPLOYMENT PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 SPRINGFIELD TOTAL PAYROLL EMPLOYMENT TOTAL LOANS TOTAL DEPOSITS CHECK PAYMENTS * * YEAR ENDING FEBRUARY TOTAL BANK DEPOSITS PERCENT UNEMPLOYMENT RATE 1970 SPRINGFIELD 1971 1972 u.s. *2.6 +21.1 +23.6 + 11.8 CHECK PAYMENTS 1967-100 U.S. ♦2.2 ♦ 11.6 ♦ 10.1 ♦ 15.4 180 1967-100 240 170 220 10 160 200 8 150 180 6 140 160 4 130 140 2 120 120 PERCENT 0 1970 1971 1972 ALL DATA ARE SEASONALLY ADJUSTED 29 110 1970 1971 1972 100 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS FORT SMITH, ARKANSAS-OKLAHOMA METROPOLITAN AREA 1 II 46. 1 111.6 1971 1972 1 JAN 48.1 114.1 47.5 115.4 30.3 107.7 30.8 109.4 17.4 120.9 17.6 122. 1 4.2 6.5 3.7 6.0 101 136.5 III IV 47.4 112.0 47.9 112.5 29.7 108.4 30. 1 107.5 16.4 117.9 1972 FEB MAR 47.5 116.2 47.4 115.2 47.6 114.7 30.2 110.5 30.4 111.5 30.1 110.0 30. 1 110.0 17.4 123.2 17.4 124.9 17.2 125.4 17.3 125.4 17.5 123.9 3.3 5.8 3.3 5.6 3.6 5.4 3.7 5.4 3.7 5.5 3.2 5.2 107 142.3 109 146.5 115 152.6 113 151.9 114 153.3 113 151.7 112 150.5 152 132.8 163 143.0 164 142.9 169 145.6 169 147.5 170 144.8 166 147.2 170 150.3 2.8 141.8 3. 1 149.7 3.2 154.1 3.3 159.1 3.3 163.7 3.3 160.9 3. 1 163.9 3.5 166. 1 MANPOWER UTILIZATION PAYROLL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX NONMANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX MANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX UNEMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED RATE BANKING ACTIVITY TOTAL LOANS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX TOTAL DEPOSITS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX SPENDING CHECK PAYMENTS BILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX N.A. ALL - NOT AVAILABLE INDEXES: 1967-100 30 FORT SMITH ARKANSAS-OKLAHOMA METROPOLITAN AREA TOTAL BANK LOANS PAYROLL EMPLOYMENT PERCENTAGE CHANCE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 FORT SMITH TOTAL PAYROLL EMPLOYMENT TOTAL LOANS TOTAL DEPOSITS CHECK PAYMENTS * * YEAR ENDING FEBRUARY TOTAL BANK DEPOSITS PERCENT UNEMPLOYMENT RATE ♦ 1.4 ♦8.2 ♦ 10.4 ♦ 15.5 CHECK PAYMENTS 1967-100 U.S. ♦2.2 ♦ 11.6 ♦ 10. 1 + 15.4 1967-100 240 220 PERCENT 200 180 160 140 120 1970 FORT SMI TH U.S. 1971 1972 ALL DATA ARE SEASONALLY ADJUSTED 31 1970 1971 1972 100 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS PINE BLUFF ARKANSAS METROPOLITAN AREA 1971 1 JAN 1972 FEB MAR 24.1 99.9 24.0 102. 1 24.2 102.9 23.9 102.5 23.9 100.8 18.2 99.3 18.6 100.0 18.5 102.6 18.7 103.8 18.4 102.7 18.3 101.1 5.6 99.9 5.6 97.5 5.5 99.4 5.6 100.6 5.5 100.0 5.6 101.8 5.6 100.0 2.2 6.0 2.0 5.7 1.8 5.8 1.5 5.0 1.5 4.2 1.5 4.2 1.5 4.2 1.4 4.0 94 139. 1 99 147.3 97 145.3 107 158.4 109 160.7 109 161.5 108 159.0 110 161.5 143 121.1 146 125.7 148 127.8 161 131.4 164 138.7 165 137.7 163 138.9 163 139.4 1.5 134.2 1.6 142.5 1.8 157.4 2.2 154.8 1.8 154.9 1.9 153.9 1.6 156.4 1.8 154.3 1 II 23.8 101.0 III IV 23.8 99.3 23.7 98.9 18.3 101.5 18.2 99. 1 5.5 99.3 1972 MANPOWER UTILIZATION PAYROLL EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX NONMANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX MANUFACTURING EMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED INDEX UNEMPLOYMENT THOUSANDS OF PERSONS SEASONALLY ADJUSTED RATE BANKING ACTIVITY TOTAL LOANS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX TOTAL DEPOSITS MILLIONS OF DOLLARS SEASONALLY ADJUSTED INDEX SPENDING CHECK PAYMENTS BILLIONS OF DOLLARS ANNUAL RATE SEASONALLY ADJUSTED INDEX N.A. ALL - NOT AVAILABLE INDEXES: 1967-100 32 PINE BLUFF ARKANSAS METROPOLITAN AREA TOTAL BANK LOANS PAYROLL EMPLOYMENT PERCENTAGE CHANGE SEASONALLY ADJUSTED INDEX YEAR ENDING MARCH 1972 PINE BLUFF TOTAL PAYROLL EMPLOYMENT TOTAL LOANS TOTAL DEPOSITS CHECK PAYMENTS * * YEAR ENDING FEBRUARY 1970 1971 UNEMPLOYMENT RATE U.S. + 2.2 +13.0 +11.6 + 11.0 + 10.1 +17.9 +15.4 CHECK PAYMENTS 1967-100 1967-100 240 220 PERCENT 10 200 8 180 6 160 4 140 2 120 0 P I N E BLUFF + 0.4 1972 TOTAL BANK DEPOSITS PERCENT U.S. 1970 1971 1972 ALL DATA ARE SEASONALLY ADJUSTED 33 1970 1971 1972 100 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS CHECK PAYMENTS IN TEN MEDIUM-SIZE CITIES MILLIONS OF DOLLARS MAR EL DORADO, ARK. 1972 1/ SEASONALLY ADJUSTED INDEX 1967 = 100 MAR 1972 FEB 1972 JAN 2/ 1972 MAR 1971 91 160.8 15A.5 155.1 154.3 26 118.A 118.A 113.6 113.8 TEXARKANA SMSA, ARK. 1 A3 135.1 136.8 133.2 122.0 QUINCY, 132 153.3 152.0 1A6.8 138.4 141 1A8.7 IA5.3 144.4 134.7 98 137.5 137.3 13A.A 122.6 88 1A9.A 1A6.A 136.7 132. 7 CAPE GIRARDEAU, MO. 79 193.A 18A.7 177.6 161.5 HANNIBAL, MO. 28 131.A 129.9 126.4 120.3 TENN. 99 15A.A 155.1 152.9 137.0 $ HELENA, ARK. ILL. OWENSBORO, KY. PADUCAH, KY. GREENVILLE, MISS JACKSON, • 1/ DEBITS TO DEMAND DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND U.S. GOVERNMENT ACCOUNTS. 2/ THREE-MONTH MOVING AVERAGES (EXCEPT LATEST MONTH, RELEASED APRIL 1972 WHICH IS A TWO— MONTH AVERAGE). PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 34
@FedFRASER