View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

November 16, 1978

Charts to Accompany Testimony
Of G. William Miller
Chairman, Board of Governors of the Federal Reserve System

Committee on Banking, Housing and Urban Affairs
United States Senate


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Change from previous period,
annua! rate, per cent

REAL GNP

5

1974

1975

1976

1977

1978


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

100

160

140

120

100

1975

1976

1977

1978

Percentage change

8

+o
I


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

INCOME AND CONSUMPTION

H1 Q3

1974

1974

1975

1975

1976

1976

1977

1977

1978

1978

Annual rate, millions of units

PRIVATE HOUSING STARTS

2.5

1970


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1972

1974

1976

1978

DEPOSIT GROWTH AT

OUTSTANDING COMMITMENTS AT


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

NONRESIDENTIAL


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Average Annual Growth of the Capital Stock

Per cent

*

Private nonresidential net capital stock measured in constant dollars.

BUSINESS INVENTORIES


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1974

1975

1976

1977

1978


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* Fiscal years

B CIVILIAN LABOR FORCE
[Q EMPLOYMENT

1974


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1975

Change from previous period,
annual rate, millions

1976

1977

1978

UNIT COST INDICATORS Nonfarm Business Sector
Percentage change

__


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Compensation Per Hour

1974

1975

1976

1977

H1978

H1 Q3

1974

1975

1976

1977

1974

1975

1976

1977

1978

H1 Q3

1978

GNP PRICE INDEXES

Change from previous period,
annual rate, per cent

H1

1974

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1975

1976

H2

1977

H1

Q3

1978


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

FUNDS RAISED BY
NONFINANCIAL SECTORS


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Billions of dollars


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Short and Long Term Interest Rates

Short-Term Interest Rates and Inflation

♦Annual rate of change from previous quarter.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Household Borrowing

Mortgage Rate and Inflation

♦ Annual rate of change from previous quarter.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total Automobile Credit

Per cent, average rate
■------- 14

FINANCE RATES

I
1972


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1974

1976

9

1978


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Index of GNP and Money Stock M-1

MONEY SUPPLY INDICES—M-1


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

March 1973=100

Recently Established M-1 Growth Ranges and Actual M-r


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Recently Established M-2 Growth Ranges and Actual M-2

Recently Established M-3 Growth Ranges And Actual M-3

1310


1977
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1978

1979

Money Stock M-1 and M-1 +

Billions of dollars

600

M-1 +
400

M-1

200

1970


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1972

J

1974

L

1976

1978

+ ol


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

November 16, 1978

Charts to Accompany Testimony
Of G. William Miller
Chairman, Board of Governors of the Federal Reserve System

Committee on Banking, Housing and Urban Affairs
United States Senate


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Change from previous period,
annua! rate, per cent

REAL GNP

|15

1972 Dollars

10

5
Hl Q3

1974

1975

1976

1977

1978


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

100

160

140

120

100

1975

1976

1977

1978


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

NCOME AND CONSUMPTION

l

°+

Percentage change

1974

1975

1976

1977

1978

1970


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1972

1974

1976

1978

HOMES SOLD

OUTSTANDING COMMITMENTS AT


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Millions of units

NONRESIDENTIAL


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Average Annual Growth of the Capital Stock*

Per cent

Private nonresidential net capital stock measured in constant dollars.

BUSINESS INVENTORIES


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1974

1975

1976

1977

1978


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* Fiscal years

Q CIVILIAN LABOR FORCE
KO EMPLOYMENT

Change from previous period,
annual rate, millions

H1

1974

1975

1976

1977

Q3

1978

UNEMPLOYMENT RATE

1974


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1975

Per cent

1976

1977

1978

UNIT COST INDICATORS Nonfarm Business Sector
Percentage change

__


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Compensation Per Hour

1974

1975

1976

1977

1977

H1 Q3

1978

H1 Q3

1974

1975

1976

1974

1975

1976

1978

H1 Q3

1977

1978

GNP PRICE INDEXES

Change from previous period,
annual rate, per cent

H1

1974

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1975

1976

H2

1977

H1

Q3

1978


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

FUNDS RAISED BY
NONFINANCIAL SECTORS


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Billions of dollars


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Short and Long Term Interest Rates

Short-Term Interest Rates and Inflation

♦Annual rate of change from previous quarter.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

IO +

Household Borrowing

Mortgage Rate and Inflation

♦ Annual rate of change from previous quarter


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total Automobile Credit

Index of GNP and Money Stock M-1

1970


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1972

1974

1976

1978


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Recently Established M-1 Growth Ranges and Actual M-1


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Recently Established M-2 Growth Ranges and Actual M-2

Recently Established M-3 Growth Ranges And Actual M-3

1310


1977
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1978

1979

Money Stock M-1 and M-1 +

1970


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1972

1974

1976

1978


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

I© +