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SELECTED ECONOMIC INDICATORS EIGHTH FEDERAL RESERVE DISTRICT METROPOLITAN AREAS ST. LOUIS MEMPHIS LOUISVILLE LITTLE ROCK Prepared b y Research Department Federal Reserve Bank of St. Louis January 30, 1963 These data ere presented as an aid in following economic developments in the four metropolitan centers. Because economic activity b y its very nature is a composite of many different seg ments, a more meaningful picture of economic developments can be obtained b y considering the entire set of indicators as a whole rather than b y placing undue emphasis on any single indicator. Moreover, there may be shortcomings in each series which may create a misleading impression. i All the data have been adjusted for seasonal variations. In addition, in order to smooth erratic fluctuation in the data, the electric power, department store sales, and check payments series are presented as three-month moving averages. It should be noted that the most recent index presented for each of these three indicators is an average of the last two months and is sub ject to revision. The index of the industrial use of electric power is based on data provided to this Bank b y the public utilities in each area. Total employment data are developed b y the respective State Employment Security Offices. Cooperating deportment stores in each center provide total sales figures. It should be recog nized that these data relate only to department store sales and do not necessarily reflect trends and fluctuations in other categories of retail sales or of total retail sales. Check payments, or debits, are reported monthly b y all or a sample of commercial banks. The data for total deposits and business loans are pro vided b y the weekly reporting banks in each area, the monthly figures being averages of weekly data. 1/ ~ The August 1$62 Review of this Bank discussed seasonal variations in these four metropolitan areas. January 30,1963 St. Louis Metropolitan Area Selected Economic Indicators S*«tM olly Adjusted 1957-59=100 Industrial Use of Electric Power 1*57-59=100 *D*bBs to demofed deposit accounts, except istorboik and U.S. Govtm iM iit •CCOWllSe Prepared by Research Department. Federal Reserve Bank of St. Louis ST. LOUIS ECO N O M IC INDICATORS Industrial Use of Electric Power i 960 Jan. *eb. Mar* Apr. May June July Aug. Sept. Oct. Bov. Dec. Totpf Employment Department Store Sales Check Payments 1957-5^100 Index ** Thousands o f Persons 1957-59*100 Index * Unadjusted Index 1957-59*00 Index ** 197 202 n o .* i n .2 203 029 830 8*.0 75.7 10 9.9 109.0 108.6 106.3 107.1 105.8 106.7 106.7 10*.1 I d .6 103.T 10*.T 107*1 10*. 5 10*.O 10*. 1 10* *3 M illions o f Kilowatt Bra. 200 212 211 20* 226 219 216 201 197 83^ U 0.7 8*0 850 8** 8*2 8*3 8*1 109 .* 10 6.9 83* 839 10 6.5 106 .* 10 8 .7 10 9 .1 818 100.8 107.8 109 .* 110 .7 106.6 106.5 106.6 106.0 79 .6 103.9 10*.3 97.* 8 5.3 98.* 107.3 109.2 105.? 105.6 105.5 180.5 10*«9 82.3 123.2 * 10 3.8 io * .o 103*1 M inions o f M la rs * 2 , 87a .S K 2,8*0 2,921 3*256' 2,921 3.1*2 3,P10 3,0 d 2,93T 3,2*2 1957-59*100 Index ** n i.7 in .6 113*8 i n .2 112.5 i n .7 U 5.1 n * .9 U 5.0 U 3.2 112 .5 U 5.1 Total Deposits M illions of■ Dollars 1,151 1,136 1,125 1,12 6 i,in i;S I 1.12 6 1.U 7 1,131 1.127 1,165 1957-59*100 Index * Busines^ Loans * by Banks & M illions o f DdLlars 1957-59*100 Index * 95** 95*3 95*5 9**7 9*.* 9**2 9**3 9**8 9**7 95*7 95.6 96.6 371 381 *15 *13 *09 398 390 397 *07 97*7 98.9 99*2 100.7 i d .* I d .6 ld .O I d .* 102*7 376 38* 395 m .i n 7 .9 $ & H 7 .} n 8 .6 102.8 103*5 103*8 396 385 377 37* n ? .o 1 : 5 .6 m .7 1 1 *. 3 10**8 381 *00 *d 389 113.7 U 7.* 122.2 123.5 123*8 122.1 . U 8.5 118.9 120.3 U 9-9 120.5 118 .8 i2§L Jan. ?eb. Mar. Apr. Kay June July Aug. Sept. Oct. Bov. Dec. & 199 198 217 U 0.8 205 109 -$ 108.6 222 216 203 107.2 226 108.0 in . 3 213 209 n 5 .i n 6 .3 805 810 80? 815 628 821 818 82* 10*.0 10*. 5 103.1 103.7 103.8 103.5 103.5 103.7 823 103.6 103.6 9 10 3.6 793- ld .6 75.8 91.7 86.9 99.7 98.9 8*.5 99.6 107.1 105** 1£ M 175** 3,181 n *«6 U 6.1 n * .o 1 16 .* U 6.3 U 7.7 U 6.7 U 6l* U 8.0 U 9«* U 9.7 103.* ld .O 100.3 99.6 102.5 103.2 10*.b 103*9 103*3 103.6 102.9 3.330 3,039 101.0 3,332 122.1 l d .5 105 wO 2,836 3,W I 120.6 121.0 121.8 12* .1 3,376 2,790 3,220 3,126 3,039 1,176 1.175 1.169 1,200 1,197 1.203 1.195 1.203 1.212 1.21* 1.220 1,2*8 *0 3 . 1 15 .9 116 .3 12 1 .2 119 .8 1962 Jtn. Feb. Mar. Apr. May Jtane July Aug. Sept. Oct. Mov. Deo. 23* 211 22* 118 .5 118.5 119 .5 U 9.2 120.5 122.* 1 25? 256 123.0 121.8 227 251 229 235 117.5 n 7*i n 9 .2 122.5e 802 80* 810 832 823 829 827 827 822ft 818 819 103-5 103*6 103** 10* .6 10*.3 JL0*.6 10*.7 10*.0 103*9* 103*5 103*0 * Seasonally adjusted ** Three-month moving averages o f seasonally adjusted data e - estimated ij Weekly reporting banks 77*0 78.* 90.2 &S 96.5 88.3 98.7 109*7 107*1 127*0 191*9 107*0 3,*2* 3,2*tO 3,320 3,*120 10**7 105*9 10* .3 10* J 106 .* 107*1 3,3** 3.072 3,578 3,373 3,7X0 S i 105*1 3M1 12**5 12*.T 12**9 12*.2 12**9 126 .8 131*3 130.6# 1,255 1,232 1,220 1,232 1,206 1,216 1,23* 1,225 1,2*1 1,255 1,259 1,29* 103*7 103** 103.2 ld * 9 102.5 10**3 103*3 105*0 106.3 3 383 383 10 6 .1 £ *12 *09 *10 107*8 *1* *n U9*2 116.3 112.2 n*.o U5*3 119*3 121*3 122.1 121.6 123.0 iH :! Prepared by Research Department Federal Reserve Bank of S t Louis Jonuary 30, Memphis Metropolitan Area Selected Economic Indicators Seasonally Adisitsd 170 1957-59=:100 170 160 160 150 150 140 140 130 130 120 120 110 110 110 110 105 105 100 100 120 120 110 110 -59=100 Industrial Use of Electric Power 100 140 100 Check Payments* 140 130 130 120 120 110 110 140 140. 130 130 120 120 110 110 100 100 160 Business Loans by Banks 160 150 150 140 140 130 130 120 120 110 110 Prepared by Research Department Federal Reserve Bonk of St. Louis MEMPHIS ECON OM IC INDICATORS Industrial Use ol Electric Power liar. Apr* Kay June July Aug** Sept < Oct* Bov* Dec. 196 87 $6 65 $k 92 90 Thout-toids o f Fereons 1957-59*100 123.1 122.6 121*3 120*9 119*2 118.* 116.7 115*5 115*9 llb .7 114.8 111*9 233 233 232 236 Check Payments Unadjusted Index 1>57-59*100 Index ** M illion s o f D ollars 81.7 80.7 83.8 107*2 107.9 8 9 .I 93.3 104.4 97.<> 111.5 11$.2 176.7 106.8 101.0 106.1 106.0 108.9 106.6 105.9 I0 3 .I 102*9 101.6 102.7 102.0 956 85$ % 235 236 2# 236 237 239 102.6 102.9 102.0 103*3 103.3 103.1 102.9 102*9 103*0 102.8 102.7 103.3 lll.O 115.6 119^ 122.0 126.1 128.1 130.0 135.5 139.3 115.0 150.3 150.2 231 233 236 235 238 237 236 236 238 238 2l0 2l0 103.1 103.0 103*6 102.8 103.5 103.1 103.3 103.3 103*6 103.7 103.9 103*8 73.1 75.6 91.0 $0.6 102.9 91.7 6 9 .I 99.1 101.9 106.9 125.1 S .9 101.9 100.8 100.8 101.1 101.6 101.1 100.6 101.7 101.3 103.6 104.6 104.0 153.0 152.1 156.1 154*8 151*6 155.0 152.6 235 236 238 238 239 210 238 239 2lO 239 239 2 l0 103*6 101.5 101.5 103.9 103.7 l d .6 1 & .1 i d .3 101.7 101*3 103.9 103.7 I 5 *? 80.1 89*0 102.6 118.3 88 .9 101.8 108*5 110.6 111.4 136.0 196.6 104.1 104*3 106.8 109*8 109.0 112.2 109.9 112.5 108.8 111.1 111.3 115.Oe TnfrP X * s 862 887 823 891 887 1,166 1,230 1,115 Total Deposits y Business lo an s by Blinks H M illion s o f D ollars * 1957-59*100 Index * M illion s o f D ollars 1957-59*100 Index * 111*5 109.6 109.9 109*0 109.5 109.3 111.1 112.7 115.3 118.7 U 9 .3 121.7 481 175 177 186 171 178 I90 186 193 195 190 503 106.9 106.2 106.5 106.9 105.6 106.1 109.3 108.8 110.7 112.0 111.7 112.7 228 123*1 117*2 113*3 lll.l 113*6 113*2 113*8 l l l ;9 116.1 122.6 121.1 U 8 .7 120.4 124.8 121*3 122.5 122*9 127.1 127.3 124.0 122.7 122.4 124.6 128*9 511 536 113.0 119*3 118.6 U 9A 120.4 120.4 120.6 122.3 123.3 123.8 124.9 125.3 127*1 127*0 125*4 129.7 130.8 132.0 130.8 131.4 132.7 127.7 125.9 120 .le 553 559 566 576 578 1 100 99 Jan* Feb* 1957-59*00 *» Department Store Safes i M il ions o f Kilowatt Hrs* I960 Total Employment T»»df»x ** 179 170 161 162 166 177 198 228 235 1261 Jan. Feb. Kar. Apr. Kay June July Aug. Sept. O ct. Bov. Dec. 93 91 99 & 101 95 109 106 116 120 121 1,060 $26 1,06$ 961 1,066 9**6 $76 92<* 1,220 1,357 1,180 1 540 538 541 547 550 546 547 558 228 224 210 2S 178 182 135 174 164 230 249 122.5 124.5 126.7 125.0 123.1 126.3 128.1 128.1 117.4 116.3 121.2 123.9 1962 Jan. Feb. Iter. Apr* May June July Aug. Sept. O ct. Kov. Dee. ** 123 122 129 125 129 118 U9 120 122 133 123 121 S* 16X.7 15V.S I S * .* Three-nonth raoving averages o f seasonally adjusted data e - 2stlasted on the b a sis o f two souths only r - Revised 1/ Weekly reporting banks 1,174 935 1,049 1,003 1,059 1,045 1,000 1,024 985 -1 ,3 7 2 1,250 1,170 % 597 600 595 6 ll 636 122.4 124.2 126.1 126*3 128*9 132.5 131.3 133.3 134.0 134.9 139.5 143.0 237 3 203 1?2 188 185 187 200 235 Si 126*5 126.4 130.8 130.7 130.0 134.6 130.3 128.9 135.5 149*5 125.6 121.0 Prepared by Research Department Federal Reserve Bank of St. Louis January 30,1963 Louisville Metropolitan Area Selected Economic indicators Seasonally Adjusted -59=100 Industrial Use of Efectic Power 1957-59=100. 130 120 110 100 90 105 100 95 120 110 100 90 120 110 100 130 120 110 100 90 130 120 110 100 90 to demond deposit accounts* except interbank and U.S. Government >tt. Prepared by Research Department Federal Reserve Bank of St, Louis LOUISVILLE ECO N O M IC INDICATORS Industrial Use of Electric Poy?er I960 K illio cs o f K ilovatt Brs. Jan. Feb. Mar. Apr. J*y June July Aug. 3ept O ct. Kov. Dee. Department Total Employment 1957-5^100 Index ** thousands o f Persons 1957-59*100 Index * 100 93 10b 1C2 101 98 95 95 95 95 88 67 109*5 111.2 110.5 113*2 111.6 110.5 105*5 102.2 100*5 $0.2 98.8 98.2 273 272 271 280 283 28b 283 28b 28b 273 277 276 100.8 100.6 99*9 100.6 100.2 100.1 100.0 100.4 99 *6 97*5 93.8 98.8 90 90 66 88 82 Sb 8b $8 95 93 93 93 97*8 97*7 $8.6 9b.3 93*9 92*5 9b.3 97.5 $8.2 100.9 102.9 lOb.O 269 266 267 270 275 277 276 276 260 277 279 280 103*5 105*1 106.b IO8.3 109*6 110.8 109*0 106.1 103.9 105*2 107*6 lU .5 e 27b 27b 279 281 28b 287 266 285 268 287 283 281 Store Sales Unadjusted Index Check Payments Total Deposits V Business Loans by Banks V T957-59*i60 Index ** M illion s o f D ollars 1957-59*100 Index ** M illion s o f D ollars 1957-59*100 Index ♦ K illio n s o f D ollar* 1557-59*100 Index * 7i*9 67*9 75*9 ,11b.3 100.3 10b.7 73*b 82.0 89.b 98.8 111.2 179*3 101. b 98.8 99*6 99*6 106.9 101.1 98.3 91*7 93*7 9b.3 9b.3 93*0 92b 839 103*2 lOb.O bbO b23 b21 b27 101.1 99*2 99*U 1C0.8 121 123 1C$.0 107*7 103.2 959 922 933 907 1*065 99.1 98.3 98.b 97.3 97.b 97.5 97.b 97.6 $8.2 99.5 99.5 99.9 63.5 61.6 87.6 90.8 95.7 92.1 87.5 88.5 97.5 103.6 120.5 197.8 92.5 92.9 92.9 9b.3 95.7 100.9 102.b 103.7 101.2 101 .b 101.5 100.5 927 86b 1,001 827 531 1,006 956 953 910 1*033 1,00b 1,071 100*7 101.5 102.6 I d .b 100*7 101.0 101.1 100.7 101.1 103*b 100*9 100.1 67.5 69 .0 81*5 115*2 106*9 9b.6 9L.7 95*8 110*7 102.6 130.1 211.5 101.3 100.5 102.7 lO b .l 10b.3 107.3 105.1 110.3 105*6 108.b 106.1 109*6 1>°73 826 969 9bb 999 987 1,012 1*033 938 1,133 1,068 1*079 3 922 103*7 102.0 103.1 ica.3 103*3 lOb.C 10b. 9 103*3 103.1 103*8 JUS 9|.o 123 123 123 123 108.2 107*9 109.1 109*0 109*7 111.3 111.3 bib bl5 bib bl7 b22 b26 b2b 93W 99*5 100.8 100.5 100.0 99*2 10H 106.8 105.2 107.5 10$.3 110.5 112.2 b5b b28 b29 b27 Ii21 b|7 ft b38 bb3 bbo b52 b55 99.8 100.8 101.3 100.8 101.6 103*8 111.3 1C5.2 105.1 105.2 1C6.2 106.7 133 130 132 131 132 129 120 127 122 124 126 lb $ 112*5 114.6 115.9 115.5 116.2 U b .7 lio . 2 116.5 115. b 115.4 llS .b H $ .2 108.b 107.5 103.7 107.b 107*b 109.5 111.2 112*5 115*1 116.9 116.8 113*8e b68 b62 b66 b68. b59 b62 !* ? b6b b73 b71 *83 b80 107.6 108.7 109*8 llO .b 110.9 109*6 111.6 111.3 112.7 112.3 113*2 112.6 13b 126 125 125 120 12b 123 123 125 130 lb o 160 115.0 110.8 109*b n o.3 105*5 110.7 109.8 113*2 118.1 122.0 121.2 127.5 122 H9 119 121 129 112.0 112.4 1981 Jan. Feb. Kar. Apr. Kay June July Aug. Sept. O ct. Kov. Dee. lo b .l 10b.3 102.1 103.6 103.0 1962 Jen. Feb. Kar. Apr. Kay June July Aug. Sept. O ct. Nov. Dee. 125 120 128 125 132 131 129 126 123 130 127 129 * Seasonally adjusted ** Three-month rovin g averages o f seasonally adjusted data e • Estimated on tbe ba sis o f tvo rontbs only 1/ Weekly reporting basks Prepared by Research Department Federal Reserve Bank of St. Louis Jonuory 30, 1903 Little Rock Metropolitan Area Selected Economic Indicators Ssoiesflllv Adlwsted 1957-59=100 Industrial Use of Electric Power 1957-59=100 Federal Reserve Bank of St. Louis LITTLE ROCK FCO N O M IC INDICATORS D eportm ent Industrial Use o f Electric P ow er B illions o f Kilowatt Bra. I960 Jan* Feb. Mir. Apr. Kay 6.16 6.71 5*66 Jhly Aug. Sept. Oet. Bov. Bee. 6.27 6 .* 6*10 8.62 7.58 Aha. 6.77 7.31 1.20 Jam \J2Z Feb. M u r. Ayr. Kay July Ang. Sept. Oet. fiOv. Bee. 6.56 6.26 6.09 6.53 6.35 6.87 6.77 8.80 9*63 9-1* Total Employment Store S a les 1957-59-100 Index «* thousands o f Persons 120.7 12*.9 126.7 127.5 12fc.l 122.8 122.5 125.8 126.5 125*3 122.8 U6.3 ft 97 102 102 102 101 102 108 105 103 101 105.2 105.2 108.5 107.8 106.1 106.5 106.5 106.$ 107.2 107.0 107.5 107.8 119*8 121.1 125.9 125.6 128.1 127.8 127.8 126.8 125.1 127.9 138.9 135.7 97 98 100 100 102 102 101 102 103 105 103 100 107.8 107.5 107.7 106.2 106.6 106.7 106.8 106.6 105.8 106*9 106*9 106.3 69.1 69.6 82.7 95*3 ?2.5 78.1 80.8 91.8 98.5 105*2 110.0 175.7 180.0 182.5 189.7 187.7 185.7 139.3 137*2 180.5 188.0 188.8 139.8 181.la 97 100 100. 106 105 106*9 108.6 109*2 109.0 109.3 109.3 108.9. 107.5 107.0 105*3 IO8.5 106.0 82.9 69.1 77.5 1957-59-100 Index * Unadjusted Index SS TUT 106.9 98.8 1957-59-300 Index •• Business lo a n s C heck Payments M illions o f Boilers b y Banks 3/ M illions o f Boilers 1957-59*100 163 160 *9 158 155 158 160 168 115 163 161 165 107.7 105*8 106.0 106.2 106.7 106.3 106.8 108.7 110.5 109*0 109*2 109.9 29 29 29 29 29 30 32 31 a 38 38 118.6 128.6 128.6 125.8 125*8 129.7 135.2 138.3 133.9 180.7 180.7 I89.6 index » M illions o f Collars 1957-59-100 Index* » .T us 258 237 251 | i 96*8 # .* 8 281 259 98.3 18 112*5 110.3 110.7 109.8 110.6 109.5 110.7 109*6 110.8 110.7 110.0 111*9 96.1 98.5 970. ?6.7 98.0 98.8 98^ 93^ 93.7 98.7 93.0 255 »7 278 237 280 270 258 261 $5 289 279 283 111.3 118.5 113.8 116*3 116.5 119.0 118.6 117.1 11B.0 118.9 119.9 121*9 167 ip 180 176 177 177 179 180 172 177 176 181 111.2 118.8 116.8 118.X 121.8 119*1 118.5 116.7 112.1 118.8 119*2 120.6 37 36 36 35 36 35 35 38 38 £ 36 35 152.5 153.0 153.8 152.5 158.2 150.0 3 8 .7 189.6 187.9 188.1 188.3 187.9 121.3 1^ .3 128.6 185 187 189 123.1 128.8 122.7 123*8 127.2 128.8 128.6 U5*| H I89.6 150.8 1*7*9 189a 151*7 156.8 153*0 157*6 155*9 159*7 161.8 158.2 98.3 96.5 97.5 % Ui $14 95.3 115.6 107.5 171.0 1957-5^100 Total Deposits ^ lg fe Jam. Feb. Mar* Ayr. May June JUly Aug. It 7.96 IS Sept. Oet. Bov. Bee. « I-H 6.TI 6.98 6J1 9.98 9.13 9-00 108 1$ 108 103 101 99 95.7 P £ .2 88.6 93.6 99.7 102.0 123.9 188.7 ?8.1 ? 8 .f 58.8 98.8 99.8 105.5 268 288 290 279 300 291 298 252 326 295 297 ss I29.0 131.9 129^ 127.9 127.3 132.8 130.3s 3 185 188 193 189 188 188 187 128.6 128.5 3k t 36 36 36 36 38 39 39 Seasonally adjusted *» three-month moving overages o f Seasonally adjusted data a • Estimated on the basis o f two months only 1/ » Weekly reporting hanks Prepared by Research Department Federal Reserve Bank of St* Louis
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