Full text of Survey of Current Business : June 1966
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
JUNE 1 968 / VOLUME 46 NUMBER
"OF
CONTENTS
THE BUSINESS SITUATION
U,S.
John T. Connor / Secretary
Summary
1
Residential Construction Activity
3
National Income and Product Tables
6
Capital Investment To Rise Throughout 1966
8
Manufacturers' Inventory and Sales ExpectationsSecond and Third Quarters 1966
13
Office of
George Jaszi / Director
Morris R. Goldman Louis J, Paradise
Associate Directors
Murray F. Foss /Editor
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
ARTICLES
Foreign Travel Payments Continue To Rise in 1965
15
The U.S. Balance of International Payments:
First Quarter of 1966
18
Business Review and Features:
Francis L, Hirt
NEW OR REVISED STATISTICAL SERIES
Charles A« Waite
Production of Electric Energy in 1964
43
David R. Hull, Jr.
Money Supply and Related Data, 1959-64
44
Genevieve B» Winisatt
Leo Bernstein
Marie P. Hertzberg
Articles:
Etienne H. Miller
CURRENT BUSINESS STATISTICS
Walther Lederer
Samuel Pizer
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
U.S.
OF
Subscription prices* including weekly statistical supplements, are'$6 ayear for domestic and $9.7$ for foreign
mailing* Single issue 45 cents*
Make checks payable to the Superintendent of Docu~
ments and send to U.S. Government Printing Office,
Washington, D.C., 20402, or to any U.S. Department of
Commerce Field Office.
OFFICES
, N.-Mex.,. 87101
Cheyenpe, Wyo^ 82001' • U.S. Courthouse Ph. 247-0311.
6022 U;S. Federal Bldg.
Ph* 634-59201
„,-,.-—~a, 99501
c-Sogu Bldg. 272-6331.
Chleago, 111.; 60604 ' -.
1486 New Federal Bldg.
Atlanta, Ga., 30303
Pb. 828-4400.
75 ForsytJb St. NW. 526-6000.
Cincinnati, Ohio, 45202'
Baltimore, M<L, 21202 '
'550 Main St, ; Ph. 684-2944.
305 U.S. Customhouse PL 2-8460.
, Cleyelaiidy Ohio, 44101 ' • '
gham, Ala., 35205
, ' ' E* -6th St. and Superior Ave. ' 908 S. 20th St, Ph. 325-3327.
' Ph, 241-7900.
Boston, Mass., 02110'
80 Federal St. CA 3-2312.
Pallas, Tex*,, 75202 <• ' '
1114 Commerce St. Ht 9-3287.
Buffalo* H.Y., 14203 , '.
117 Eifieott St. ' Ph, 842-3208,
Deivftsr, Colo*, 80202 ' '. '
Charleston, S.C., 29403
16407 Fed. BMg.s 20th ^ Stoiit Sts.
334 MeeHog St.
Ph. 297-3246.
' Ph. 747-4171. ' -'
-•
Bes Moines, Iowa, 50309 :
Charleston, W; Va.,, 25301 ' •'
1216 Paramowit Bldg,
500 QjaarHer St. Ph. 343-6196.
Ph. 284-4222. '
Evelyn M. Parrish
Detroit, Mich., 48226
445 Federal Bldg. Ph. 226-6088,
Greensboro, N.CU 27402' .
412 U.S. Post Office Bldg.
Ph. 275-9111.
Hartford, Con**;', 06103,
18 Asylum St. Ph. 244-3530.
Honolulu, Hawaii, 96813
202 International Savings Bldg.
Ph. 588-977.
Houston, Tex., 77002
515 Rusk Ave. Ph. 228-0611.
Jacksonville, Fla.,, 32202''
208 Laura St. Ph. 354-7111.
Kansas City, Mo., 64106 '
911 Walnut St. FR 4-3141.
Los Angeles, Calif*, 90015
1031 S. Broadway Ph. 688-2833.
Memphis, Teira»,
Portland, Oreg,, ^7204
.-345. Federal Office Bldg, ' ', :
217 Old U.S. Courthouse Bltig.
- Ph.534-3214.- ' / , ' ' , - *
Ph. 226-3361,
,
.,
•
.
Miami, Fla,-, 33130, > ' ' • '
300 Booth St, Ph. 784-5203.
Sl-SW. First Ave., Ph. 350-5267,/ R!«hnxoitid, Va'M 23240': . •
,,Mawaw|:ee,-Wis., 53203' ' ' 'V
2105 Federal Bldg. Ptu 649-3611,
238 W. Wkeomiu Ave, BE 2^8600.
. St.. Louis, Mo., 63103
., 55401 ''
-25.11 Federal BHg. MA 2-4243. '
306 Federal Bldg, Ph. 334-2133,
Salt Lake City, Utah, 84111 ; ."
; 125 South State St. Pk 524-5116,
^
610; South St, ' Ph. 557^6546. . •
' Satt Fr^nelseo, Calif., 94102
450 Golden Gate Ave.
ew' Yoirk^ N . Y.v 10001 - ' - . . - '
- , Ph. 556-5864. ,-• - . - - , / / _
Empire State Btdg, - 'LO 3-3377,
/Santtir^e, Puerto Bico, 00907
605 Condado Ave. Ph. 723-4640.
^Fa^' 19107 / ' •
1015 Chestnut St. Ph. 597-2850,
'Savannah, Gsu, 31402 : \ ',
235 U.S. Courthouse and P.O.
Phoenix, Ariz. y 85025" ' ' ' - • Bldg. 232-4321.
230 N. First Ave. Ph. 261-^328$,
Seattle,'
Wash*, 98104
:
- Pi tltsh«rgh , Fa ;v 15222 " - , * '" ' ' • 809 Federal Office BWg.
1000 Liberty Ave. Ph, 644-2850,
583-5615.
the BUSINESS SITUATION
JL HE May statistics on business
Last month, wholesale industrial
activity gave further support to what prices rose 0.4 percent as a result of
the April data had suggested: Total widespread price increases among the
output and sales in the second quarter various commodity groups, but farm
have increased at a good pace, but the prices were lower and processed food
rate of advance has been well below prices not much changed.
Consethat of the two preceding quarters;
moreover, the slowdown in the demand
increase has centered in the consumer
CHART 1
sector, chiefly durable goods and espePlant and Equipment Expenditures
pecially automobiles. These changes
haVe occurred while upward pressures
Investment in 1966 now anticipated
on industrial prices have continued
at 17 percent above 1965
strong.
Billion $
The comprehensive payroll figures 80
TOTAL BUSINESS
afford a good indication of how the
tempo of the advance has changed.
They were up by $2.2 billion (seasonally 60
adjusted annual rate) from April to
May and brought the May total to a 40
point $6X billion above February. The
gain over the past 3 months has been
somewhat greater than the average 20
quarterly rise from 1964 to 1965 but
low&r than the $9 billion increases that
took place in the last quarter of 1965
40
and the first quarter of this year.
MANUFACTURING
On the demand side, it appears that
F n
activity this spring has advanced main- 20
\\ —
ly under the stimulus of rising plant and
equipment expenditures and defense
outlays'. However, consumer demand, 0
after two quarters of extraordinary 40
NONIV1AI\ UFAC TU RING
increase, has lost some of its buoyancy.
According to the advance report for
20 —
tV —
May, retail sales declined (seasonally
adjusted) for the second straight month,
chiefly because of lower sales of durable 0
goods. For both automobiles and other
1966*
1962
63
64
65
66*
Quarterly,
durable goods, the rate of sales so far
Seasonally Adjusted
in the second quarter is running below
at Annual Rates
*Last
three
quarters
are
anticipated.
the first; for nondurables, it is someData: OBE-SEC
what higher.
66-6-1
U.S. Department of Commerce. Office of Business Economics
—
" 5 "^ >V
1
2
3
4
quently, for the 3d month in a row,
there was little change in the overall
wholesale price index. The rise in
industrial prices was the fifth straight
monthly increase this year and brought
the annual rate of advance since
December to approximately 8)2 percent.
Auto sales decline further
The slump in new car sales that
began in April continued in May.
After a seasonally adjusted drop of 13
percent from March to April, retail
sales of domestically built passenger
cars fell 7 percent last month. Combined sales for April and May were 15
percent below the first quarter rate.
Aside from the strike-affected fall
months of 1964, the May rate of new
car sales was the lowest since June 1964.
However, sales improved in the first 10
days of June.
New car inventories held by dealers
have been rising steadily since January
and in May increased by 100,000 units,
the largest monthly addition in the
current model year.
End-of-May
stocks, seasonally adjusted, were at a
new peak of 1.5 million units. Relative
to sales, dealers' stocks now represent
two and one-half times the May rate
of deliveries, as compared with a stocksales ratio of 1.78 in the first quarter
of this year and 1.86 in the final
quarter of 1965.
Reflecting the lower rate of sales and
relatively high inventories, passenger
car production was cut back fairly
sharply in May. It was the first
significant reduction in assemblies in the
current business expansion, except for
the loss of output due to work stoppages.
On the other hand, truck production,
where demand from business and
SURVEY OF CURRENT BUSINESS
government continued strong, has been
maintained at about record rates.
The auto industry is shutting down for
model changeovers somewhat earlier
than in 1965, and for some models, the
shutdown will be for longer periods
than last year.
Steel adds to output rise
The reduction in auto assemblies
was the chief factor limiting the rise
(seasonally adjusted) in industrial production from April to May. The
Federal Reserve index increased close
to 1 percent over the month, paced by
sizable advances in business and defense
equipment, a substantial pickup in
steel production, and the recovery of
coal production from the April strikes.
The May increase in steel mill
operations—about 4 percent—marked
the 6th straight month of advance.
Steel ingot output in May, at an
annual rate of about 141 million tons
on a seasonally adjusted basis, was the
highest since the early summer months
of 1965, when steel users were pressing
the mills for strike-hedging tonnage.
Steel output has increased about 30
percent since November 1965.
With consumption at a record rate,
the steel inventory adjustment by
manufacturing consumers, underway
since September 1965, seems to be
about over. There was some liquidation of stocks in April, but the reduction
was only 100,000 tons (unadjusted);
this compares with an average monthly
decline of 700,000 tons in the first
quarter and of 1.4 million tons in the
previous quarter. At the end of April,
CHART 2
Corporate Profits Before Tax Related to
Corporate Gross Product-NonfinanciaI Corporations
The profit ratio rose in the first quarter to a new peak for the current expansion
70
65
June 1966
manufacturing consumers' stocks were
down to 10.8 million tons from a high
of 17.2 million tons in August 1965,
the peak of the 1965 steel inventory
buildup. This carryover was the
lowest since December 1964 and, in
terms of the April rate of consumption,
represented a 38-day supply, a level
of inventories that has prevailed in
earlier periods of fairly normal operating conditions. With steel production
in May near a record rate and consumption held down somewhat by the
cutback in automobile production, steel
stocks held by manufacturing consumers may well show some increase
in May.
First quarter profits higher
The regular estimates of first quarter
corporate profits were about the same
as the preliminary figures presented
last month. Including the inventory
valuation adjustment, profits before
taxes rose $2.9 billion to a seasonally
adjusted annual rate of $78.1 billion.
Durable goods manufacturers accounted
for almost $2 billion of the rise and
nondurable goods producers for most
of the remainder. The advance in
profits was due mainly to the unusually
large increase in output in the first
quarter and also to a rise in profit
margins, as chart 2 shows.
60
Federal Fiscal Position
55
Note: Percentages represent the ratio,of corporate'
profits before tax to corporate gross product,%
I
100
125
.
I
I.
225
250
Billion $
275
300
Corporate Gross Product
Note: Data are seasonally adjusted at annual rates and exclude profits originating in the rest of the world.
. Department of Commerce. Office of Business Economics
325
350
375
400
The Federal fiscal position improved
sharply in the first quarter. With
further improvement likely in the
April-June quarter (from the step-up in
receipts because of the new graduated
withholding rates and the restoration
of certain excises), the fiscal 1966 deficit
should be somewhat lower than the
$2.2 billion estimated in the January
budget (national accounts basis).
Recent estimates of fiscal 1966
receipts by the Treasury Department
and the Joint Committee on Internal
Revenue show corporate and personal
income tax receipts running well above
earlier estimates. Expenditures are
expected to match budget projections
closely. On balance, since no new measures of fiscal restraint beyond those
called for in the January budget were
introduced, most of the fiscal 1966
SURVEY OF CURRENT BUSINESS
June 1966
improvement reflects higher-than-projected levels of economic activity.
Federal deficit falls
The Federal budget position on a
national income and product accounts
basis moved to-virtual balance in the
first quarter of 1966, despite a $6%
billion rise in expenditures, the largest
absolute increase since the Korean
war period. This increase was more
than offset by an upsurge in receipts,
about $8% billion at a seasonally
adjusted annual rate. As a result, the
Federal fiscal position moved from a
$1% billion deficit in the fourth quarter
to a surplus of about $% billion in the
first.
The advance in first quarter receipts
was paced by a $6% billion rise in
social insurance contributions, a result
of the boost in social security tax rates
from 7.25 to 8.4 percent and of the
expansion in the wage base from $4,800
to $6,600. Sharp increases in personal
income and corporate profits during the
quarter raised personal and corporate
tax receipts substantially. Personal
taxbs rose over $2 billion and corporate
tax liabilities rose $1% billion. High
net final settlements on 1965 personal
tax liabilities also contributed to the
strong advance in personal taxes and
are expected to increase further in the
second quarter. Graduated withholding rates on wages and salaries that
were introduced in early May are
.estimated to add more than $% billion
(annual rate) to second quarter personal tax receipts.
Indirect business taxes fell in the
first quarter as a result of the $1%
billion reduction in excise taxes. The
cut was partially canceled in midMarch when Congress restored the excises on passenger automobiles and on
telephone and teletypewriter service to
pre-January 1 levels. The budget impact of the restored excise taxes—
about $1 billion at annual rates—will
be felt in the second quarter.
Nearly half of the large rise in expenditures occurred in national defense
purchases as military procurement for
Vietnam jumped sharply during the
quarter. Purchases of goods and services for civilian purposes were up only
moderately. Grants-in-aid, transfer
payments, and net interest paid also
moved up strongly. Higher outlays
for education and public assistance
programs accounted for most of the
rise in grants. New programs of social
security assistance, such as liberalized
benefits for widows, children, and the
disabled, contributed to the step-up in
transfers. Higher interest rates accounted for most of the marked advance
in net interest paid.
since the recent peak in the first quarter
of 1964, real outlays have declined
about 8 percent.
The short-run changes in real expenditures reflect the pattern of housing
starts with a lag of almost one quarter.
CHART 3
Housing Starts
• U.S. total has fluctuated near
1.5 million units since mid-1964
• Since then gains in the Northeast and North
Central regions have been largely offset by
curtailment of starts in the West
Residential Construction Activity
THE increased stringency in credit conditions apparent this year has introduced considerable uncertainty into the
outlook for honaebuilding activity for
the rest of 1966, despite the continued
strong flow of consumer income. This
uncertainty follows a period when
housing starts in a number of large
metropolitan areas were reduced to
correct overbuilding, particularly of
apartment houses and especially in the
Southwest and along the West Coast.
Outlays level off this spring
So far in 1966, current-dollar outlays
for private nonfarm residential structures have fluctuated within the relatively narrow range evident since the
spring of 1964. Outlays rose $1 billion
in the first quarter of this year to a
seasonally adjusted annual rate of
$27.6 billion but appear to have leveled
off this spring.
Construction costs have shown sonxe
signs of accelerating this year. In the
first quarter, costs were some 4 percent
above those a year earlier, as compared
with increases of about 3 percent during
the 2 previous years. Constant-dollar
residential outlays, which make allowance for higher costs, also appeared to
show a pickup in the first quarter and a
leveling this spring. However, in contrast to the current-dollar expenditures,
real outlays have been in a moderate
downtrend over the past 2 years or so;
•2
1959
61
63
65
Quarterly, Seasonally Adjusted at Annual Rates
Note: Regional figures include a small number of housing starts on farms.
Data: Census
U.S. Department of Commerce, Office of Business Economics
66-5-3
SURVEY OF CURRENT BUSINESS
June 1966
Private nonfarm starts rose to a season- portant in sustaining housing activity in struction accounted for most of the
ally adjusted annual rate of 1.55 million the heavily industrialized Northeast change in total private housing starts.
units in the fourth quarter of last year .and North Central regions throughout Multifamily housing rose sharply until
and fell back to a rate of 1.49 million 1965. In addition, these areas have late 1963 and early 1964 and then
in the first quarter. The first quarter witnessed considerable demolition of experienced a brief but fairly substanrate was about the same as the rate for older dwelling units, especially urban tial cutback because of rising vacancy
1965 as a whole and some 10 percent apartment and tenement buildings, for rates. Since the middle of 1964, when
below the first quarter 1964 peak. which replacement structures have been constant-dollar housing activity started
Starts have declined somewhat more erected. The easing of starts in the to show a decline, there has been relathan real expenditures because of the South reflected largely a drop in apart- tively little change in the mix of single
trend toward units of higher quality ment construction in the major metro- family and multifamily housing. Until
politan areas of Texas, after very very recently, single family starts flucand cost.
Starts edged down from March to substantial increases—apparently in ex- tuated within a rather narrow range.
April and dropped sharply in May, cess of demand—from 1960 to 1963. Multifamily starts have been roughly
Data on housing permits, which nor- Overbuilding accompanied by high va- stable at about 15 percent below their
mally lead starts slightly, suggest a cancy rates was also an acute problem recent quarterly peaks- but more than
developing weakness in homebuilding in the West; the correction that began double their level of 1959-60.
Seasonally adjusted data on starts
since seasonally adjusted permits this 2K years ago. has been severe and has
are
not available by type of structure.
April and May were some 9% percent brought starts below their 1960 level.
To
judge
from seasonally adjusted perThis spring, both starts and permits
below the first quarter 1966 average.
data have shown some departure from mit statistics, both single family and
Regional patterns differ
recent trends. According to permits multifamily units in the first quarter of
Regional figures have shown diverse data, which are somewhat less irregular 1966 were about the same as their 1965
trends in housing starts over the past 2 than starts, homebuilding activity has quarterly averages. However, both
years or so (chart 3). Through the end fallen considerably in the northern re- declined this spring with the single
of 1965, starts rose in the two northern gions and has edged down a little family starts off sharply and the multifamily down only slightly.
regions, decreased slightly in the South, further in the West and in the South.
and showqd a sharp and prolonged deHousing mix fairly stable since mid- Single family housing starts
cline in the West.
1964
The overall strength of the economy,
Demographic factors are mainly reFrom 1960 to about mid-1964, sponsible for the failure of single family
especially the durable goods manufacturing sector, was unquestionably im- changes in multifamily housing con- housing starts to show any marked
changes over the past 5 or 6 years.
Table 1.—Private Housing Units Authorized by Building Permits, by Region
Although incomes have risen substan[Thousands of units, seasonally adjusted at annual rates]
tially over this period and mortgage
funds,
until recently at least, have
North
Northeast
South
West
U.S. total
Central
generally been ample, the number of
persons 25 to 44 years old—the most
1963:
important home-buying age group—
1st qtr
1, 258
236
222
423
377
has been quite stable. Data published
2d qtr
1, 33'2
231
279
424
398
by
the Census Bureau show that sales
3d qtr
1,326
235
267
401
423
4th qtr .
247
1,387
284
435
421
of single family housing erected by
merchant builders have been steady at
1964:
about 50,000 per month, seasonally
1st qtr___ _
_
__ '
_ _
1, 3712
254
313
410
395
adjusted, for more than 3 years (mid2d qtr
1,290
243
. 268
409
370
242
3d qtr
1, 264
290
338
394
dle panel, chart 4). Sales showed a
4th qtr
_
1, 229
239
289
307
394
slight pickup in the fourth quarter of
1965:
1965 and a small dip in the first quarter
1st qtr
1 257
301
264
413
297
of 1966.
2d qtr
1, 227
243
312
407
265
The difficulties in accurately gaging
3d qtr
255
1, 213
334
371
253
4th qtr _
1,289
266
247
346
430
demand have led to some mild cyclical
1966:
movements in starts by merchant builders since 1960. For example, in 1963,
1st qtr
_ _
1,249
275
233
343
398
2dqtr.i
1, 130v
222
285
396
228
starts increased moderately without a
corresponding rise in sales; as a result,
Based on 12,000 permit-issuing places.
1
inventories of unsold new houses rose,
Based on average of April and May.
reaching a peak around the middle of
Source: U.S. Department of Commerce, Bureau of the Census.
June 1966
SURVEY OF CURRENT BUSINESS
1964.
With sales about unchanged, a
cutback in starts reduced unsold stocks
from the second half of 1964 through the
first quarter of this year. Judging by
the limited experience of the Census
Bureau survey, stocks of unsold homes
have been quite low relative to sales
since late last year, even though the
first quarter 1966 ratio was slightly
above the fourth quarter 1965 figure.
high. There are several underlying
reasons for the comparatively high rate
of multifamily housing. Demographic
factors are undoubtedly important:
The number of very young household
heads, who typically rent rather than
buy, began to increase a few years ago
and is expected to grow considerably
over the next several years. Apartment house construction has been very
strong in suburban areas, which have
had large population growth and which
up to a few years ago had shown relatively little construction of this type.
Multifamily construction was comparatively low throughout the 1930's,
1940's, and 1950's, and the apartment
house stock was in need of a major
renewal. The many new conveniences
introduced in modern apartment houses
have undoubtedly attracted many families and individuals.
The decline in apartment house construction from the peaks reached more
than 2 years ago was dampened because
cutbacks in response to increased vacancies did not occur simultaneously in all
regions. While starts were being reduced in some areas, they were still
rising in others, and in some areas that
completed their adjustment to overbuilding relatively early, starts began
to increase once again.
According to Census data, the national vacancy rate for rental units—
which include a substantial proportion
of single family houses for rent—was
slightly lower in the first quarter of
1966 than in the corresponding 1965
period. For both years, vacancy rates
were above those prevailing in early
1963 and 1964.
A more detailed view of the apartment house situation is provided by the
annual FHA vacanc)y survey of FHA
rental projects. On a national basis,
the 1965 data show a small rise in the
vacancy rate over early 1964, which
showed a rather sharp increase over
early 1963. Among the largest metropolitan areas, changes in vacancy rates
from 1964 to 1965 were mixed outside
of the Southwest and the West Coast,
where rates were uniformly higher and
at very high levels. The 1966 results
are not yet available. Apartment construction has been sharply curtailed in
those metropolitan areas with unusually
Multifamily
housing
The most remarkable aspect of the
multifamily housing market is not that
starts are down from their peaks of late
1963 and early 1964 but that they have
held up so well. On an annual basis,
multifamily starts in 1965 were only 8
percent below 1963, the recent annual
CHART 4
New Single Family Houses
The ratio of houses for sale to sales has been
relatively low since mid-19te5
RATtO OF HOUSES FOR SALE TO SALES
^
nin Html mi EMI nr
as sales of new houses have been stable...
Thousand Units
100 ',•.-• >'"-::.r.:-*
o I i:i.:'i ti It n -tTft H$i t tit t ItVet i \i\\fi
and the inventory of new houses for
sale has fallen
300
Houses for Sale;
250
200
1963
1964
1965
1966
Seasonally Adjusted
*Months of inventory at current sales rate.
Data: Census
U.S.
Department of Commerce. Office of Business Economics
66-6-4
high vacancy rates. Last year, for
example, permits for apartment units
declined almost 35 percent in San
Francisco, about 40 percent in Houston,
Dallas, and San Diego, and 50 percent
in Los Angeles.
Mortgage markets tight
This spring, homebuilders and home
buyers have been faced with the most
unfavorable credit market conditions
since 1959. Even though there has
been a substantial rise in yields available on home mortgage investments,
rates on other types of debt instruments
have risen even faster, and mortgage
investments have become relatively less
attractive. In previous postwar years,
such a development has been associated
with a reduction in funds available
for construction and a cutback in
homebuilding.
Table 2.—Vacancy RatesTforFHA Apartments, Selected Areas, March 31
1961
U.S. total..
1962
1963
1964
1965
5.4
5.5
5.1
6.3
6.5
2.0
6.3
1.2
5.2
1.2
26
73
24
5.7
3.0
26
78
33
4.0
3.7
60
73
54
3.3
4.2
4.8
9.2
5.*
2.4
4.7
1.3 3.3
7.7 12.3
5.3 6.6
17.1 13.0
5.4 8.7
2.4
4.2
8.3
9.7
7.8
5.5
6.2
4.7
8.3
7.5
2.'0
3.7
5.9
7.9
5.8-
1.8 1.5
2.3 4.9
_ _ _ _ 18.6 12.7
9.9 7.6
8.3 7.3
1.6
4.8
10.2
7.9
6.4
2.9
3.0
15.7
13.3
4.5
2.8
4.6
15.4
25.1
5.4
4.8 8.0
4.1 5.8
6.9 11.7
16.7 14.6
11.6 6.3
10.9
8.9
12.3
16.1
10.6
Northeast:
New York
Philadelphia
Boston
Buffalo
Newark.
/_
North Central:
Chicago
Detroit
Pittsburgh
St. Louis -.
Cleveland
South:
Washington
Baltimore
Houston
Dallas
Atlanta
West:
Los Angeles __
San Francisco. _ _
Seattle
San Diego
Denver
5. 3
6.1
11.2
17.1
3.2
4.9
4/0
6.9
4.8
5.5
Source: Federal Housing Administration.
Until late 1965, mortgage funds were
generally in ample supply and mortgage
yields had shown a slight downdrift
since the start of the economic expan-
SURVEY OF CURRENT BUSINESS
6
sion. At present, however, conventional mortgage rates on new houses are
close to 6}i percent, as compared with
approximately 5% percent last fall.
The maximum rates permissible on
FHA-insured and VA-guaranteed home
mortgages have been boosted twice this
year. In early April, these rates were
raised % of a percent to 5% percent,
after a %-percent increase earlier in
June 1966
1966. In secondary market trading,
yields on FHA mortgages have risen to
about 6% percent, after staying under
5K percent from early 1963 through
late 1965.
NATIONAL INCOME AND PRODUCT TABLES
Table 1.—National Income by Type of Income
Table 2.—Corporate Gross Productl
[Billions of dollars]
[Billions of dollars]
1963
1964
1965
I
II
III
1965
1966
1965
IV
1963
I
1964
I
1965
Compensation of employees
Wages and salaries
Private
Military
Government civilian
Other labor income. _ _ . __ _ _ _
416.2
Capital consumption allowances
32.0
34.0
36.1
35.4
35.8
36.3
36.8
37.3
377.0
32.8
34.8
37.1
37.0
36.8
37.0
37.6
37.1
251.6 269.2 288.5 282.0 285.9 290.0 296.1
10.8 11.7 12.4 11.8 11.8 12.3 13.7
48.8 52.6 56.5 55.0 55.9 56.7 58.3
Indirect business taxes plus transfer
payments less subsidies
303. 1
14.4
59.5
Income originating in corporate business
269.4 289.8 315.0 307.9 311.5 316.6 324.0
335.5
Net interest
34.7
35.5
39.2
16.2
16.3
16.6
19.8
17.5
18.1
18.4
18.9
19.4
Corporate profits and inventory valuation adjustment
Inventory valuation adjustment
34.3
16.0
Rental income of persons
Profits tax liability
Profits after tax
Dividends ._ __•
Undistributed profits
33.5
16.3
__
Profits before tax .
34.5
18.2
Inventory valuation adjustment _ _
Farm...
31.8
16.5
Income of unincorporated enterprises. _
409.8
311.2 333.5 357.4 348.9 353.6 359.0 368.1
15.4
Business and professional
334. 2 358. 6 388.2 380.4 384.0 389.9 398.4
341.0 365.3 391.9 382.4 387.9 393.7 403.6
15.0
Proprietors' income
Corpora te gross product
587.7
_ 14.8
Employer contributions to private pension and welfare funds
Other .__.-.
I
IV
481.1 514.4 554.7 540. 6 549.5 557.9 570.8
Supplements to wages and salaries _ _ 29.8
Employer contributions for social
insurance
III
Seasonally adjusted at
annual rates
Seasonally adjusted at
annual rates
National income
II
1966
12.1
2.7
13.5
2.9
50.8
51.1
54.5
37.8
39.1
40.3
37.8
39.1
40.7
.0
.0
-.4
13.0
12.0
14.3
12.0
14.5
15.0
15.5
15.9
17.6
18.2
18.6
18.5
18.6
18.6
18.7
18.8
51.9
54.6
55.4
56.2
56.9
39.9
40.1
40.4
40.7
41.0
216.3 231.2 248.4 242.8 246.3 249.7 255.0
194.9 208. 5 223.6 218.8 221. 6 224.7 229.4
21.4 22.7 24.8 24.0 24.7 25.0 25.6
264.0
235.2
28.8
Net interest
-2.5 -2.8 -3.1 -3.0 -3.1 -3.1 -3.2
-3.3
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment...
Gross product originating in
financial institutions
58.1
64.5
73.1
71.7
72.0
73.5
75.2
78.1
58.6
64.8
74.7
73.1
73.9
74.6
77.0
80.9
26.0
32.6
15.8
16.8
27.6
37.2
17.2
19.9
30.1
44.5
18.9
25.6
29.5
43.6
18.0
25.7
44.1
18.6
25.5
29:8
30.1
44.5
19.2
25. 3
31.1
45.9
19.9
26.0
32.6
48.3
20.6
27.7
-.4
— . qo -1.6 -1.4 -1.8 -1.2 -1.8
-2.8
13.6
15.2
16.5
Compensation of employees
Wages and salaries
Supplements
16.1
16.4
16.7
17.1
17.6
74.8
61.4 69.6 68.1 68.2 70.0 72.2
77.6
61.7 71.2 69.6 70.1 71.2 74.0
27.6 30.1 29.5 29.8 30.1 31. 1 32.6
44.9
34.1 41.1 40.0 40.3 41.1 43.0
19.2
16.0 17. 5 16.5 17.1 17.8 18.7
25.7
18.1 23.6 23.5 23.2 23.2 24.3
-.3 -1.6 -1.4 -1.8 -1.2 -1.8 -2.8
14.3
15.3
17.0
17.0
Gross product originating in
nonfinancial corporations
319.8 343.3 371.6 364.5 367.5 373. 1 381.4
392.9
Capital consumption allowances „__
Indirect business taxes plus transfer
payments less subsidies
Income originating in nonfinancial
corporations
Compensation of employees.
Wages and salaries
Supplements
Net interest
Corporate profits and inventory
valuation adjustment Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Addenda:
Cash flow, gross of dividends:
All corporations
Nonfinancial corporations
Cash flow, net of dividends:
All corporations
Nonfinancial corporations..
1
55.6
56.0
26.0
30.0
14.8
15.2
-.4
16.5
15.9
16.5
16.8
31.2
33.1
35.2
34. 6
34.9
35.4
35.9
36.4
31.4
33.3
35.5
35.4
35.2
35.4
36.0
35.5
257.3 276.8 300.9 294.5 297. 4 302.3 309.5
204.4 218.4 234.7 229.4 232.6 236.0 240.9
184.5 197.3 211.6 207.0 209.7 212.7 217.1
19.9 21.1 23.1 22.3 22.9 23.2 23.8
5.4
5.5
5.7
5.0
5.5
5.3
4.8
321.0
249. 5
222.6
26.8
5.9
48.1
48.5
22.6
25.9
13.8
12.2
-.4
53.4 60.7 59.8 59.4 60.8 62.9
53.7 62.3 61.2 61.2 62.0 64.7
23.6 26.4 26.0 26.1 26.3 27.2
30.0 35.9 35.2 35.1 35.7 37.5
14.7 16.1 15.1 15.6 16.4 17.1
15.3 19.8 20.1 19.5 19.3 20.4
-.3 -1.6 -1.4 -1.8 -1.2 -1.8
65.7
68.5
28.9
39.6
17.6
21.9
-2.8
62.0
57.1
68.0
63.2
77.1
71.0
75.5
69.8
76.0
70.0
77.3
71.1
79.7
73.4
82.2
76.0
47.2
43.3
52.1
48.5
59.6
55.0
59.0
54.6
59.0
54.4
59.5
54.7
61.0
56.2
63.0
58.3
Excludes gross product originating in the rest of the world.
Table 3.—Relation of Gross National Product, National Income,
and Personal Income
Table 5.—Sources and Uses of Gross Saving
[Billions of dollars]
[Billions of dollars]
1965
1965
1963
1963
1964
1965
II
I
III
1964
1965
I
II
Less: Capital consumption allowances. 52.8
Equals : Net national product
55.7
59.1
536.5 573.0 617.5 599.9 610.5 622.4 637.4
653.2
58.0
2.3
-.5
Plus: Subsidies less current surplus of
government enterprises
.7
1.2
62.0 61.5 61.4
2.3
2.3
2.3
-.2 -3.1 -1.4
62.0
2.3
1.4
62.9
2.3
2.4
62.5
2.3
1.8
1.4
1.2
1.1
1.1
481.1 514.4 554.7 540.6 549.5 557.9 570.8
587.7
58.1
64.5
1.2
73.1
71.7
1.3
72.0
73.5
75.2
78.1
26.8
27.8
29.5
28.9
29.2
29.6
30.2
36.6
.0
.0
.0
.0
•0
.0
.0
.0
33.0
34.2
36.8
36.0
35.1
38.9
37.3
39.4
17.5
15.8
2.2
19.1
17.2
2.3
20.6
18.9
2.3
19.9
18.0
2.3
20.4
18.6
2.3
20.8
19.2
2.3
21.1
19.9
2.3
21.8
20.6
2.3
_ 464.8 495.0 530.7 516.2 524.7 536.0 546.0
557.1
Plus: Government transfer payments
to persons
Interest paid by government
(net) and by consumers
Dividends
Business transfer payments
Equals: Personal income.
58.3
60.7
54.6
2.2
-.7
Less: Corporate profits and inventory
valuation adjustment
Contributions for social insurance - -Wage accruals less disbursements
57.7
713.9
59.8
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Equals: National income
58.7
IV
I
Seasonally adjusted at
annual rates
Gross private saving
589.2 628.7 676.3 657. 6 668.8 681.5 697.2
III
I
IV
Seasonally adjusted at
annual rates
Gross national product- _
1966
1966
89.5 101.7 107.7 105.3 104.4 110.0 111.2
Personal saving
Undistributed corporate profits
Corporate inventory valuation adjustment
Corporate capital consumption allowances
Noncorporate capital consumption
allowances
"Wage accruals less disbursements... _
Government surplus, national income
and product accounts
Federal
_
State and local
20.4
16.8
26.3
19.9
23.3
25.7
22.4
25.5
26.8
25.3
110.0
27.1
26.0
24.4
27.7
-2.8
-.4
-.3 -1.6 -1.4 -1.8 -1.2 -1.8
32.0
34.0
36.1
35.4
35.8
36.3
36.8
37.3
20.8
.0
21.7
.0
22.7
.0
22.3
.0
22.5
.0
22.8
.0
23.1
.0
23.4
.0
2.5
4.7
4.9
__ ri
.9
3.7
.7
1.7
3.6
1.1
3.8 -2.9 -1.8
2.6
1.1 2.2
.2
3.5
1.2 -2.4
.3 -3.8
1.4
.9
Gross investment
24.9
25.6
90.0
98.7 109.9 106.8 107.8 110.9 114.5
115.4
Gross private domestic investment ._ 86.9
3.2
Net foreign investment
___
92.9 105.7 103.4 102.8 106.2 110.3
4.1
4.3 3.4
4.7
5.8
5.0
111.7
3.7
Statistical discrepancy
-.7
-.5
1.4
-.2 -3.1 -1.4
2.4
1.8
Table 6.—National Income by Industry Division
[Billions of dollars]
Table 4.—Government Receipts and Expenditures
[Billions of dollars]
1966
1965
1963
1964
1965
I
II
III
IV
Federal Government receipts. _ _ _ _ _ _ 114.3 114.5 124.1 123.7 124.4 122.7 125.3
All industries, total
133.88
133.
48.6
26.0
53.9
28.3
53.5
27.7
54.8
28.0
53.2
28.3
54.0
29.2
56.22
56.
30.77
30.
15.3
23.0
16.1
23.7
16.7
25.2
17.7
24.7
16.7
24.9
16.1
25.2
16.3
25.8
14.8
32.11
32.
Federal Government expenditures. . _ _114.0 118. 3 123.3 120.1 120.6 125.6 127.0
133.66
133.
Purchases of goods and services.. ._ 64.4
National defense
50.8
Other
13.6
65.3
49.9
15.4
66.6
49.9
16.7
64.9
48.8
16.1
65.7
49.2
16.5
66.5
49.8
16.7
69.2
52.0
17.2
72.5
55.00
55.
17.55
17.
Transfer payments. _ _
To persons
To foreigners (net)
29.2
27.0
2.2
29.9
27.8
2.2
32.1
29.9
2.2
31.2
29.2
2.0
30.6
28.2
2.4
34.1
32.0
2.1
32.5
30.3
2.1
34.0
31.9
2.1
Grants-in-aid to State and local
governments
9.1
10.4
11.4
10.8
11.0
11.7
12.0
13.5
Net interest paid
7.8
8.4
8.8
8.6
8.7
8.8
8.9
9.3
9.
3
Subsidies less current surplus of
government enterprises
3.6
4.3
4.5
4.6
4.5
4.5
4.4
4.4
.3 -3.8
.7
3.6
3.8 -2.9 -1.8
.2
68.6
74.3
71.8
73,2
75.4
76.7
79.8
9.5
1.5
10.6
1.6
11.5
1.8
11.2
1.8
11.4
1.8
11.6
1.8
11.7
1.9
12.1
2.0
Indirect business tax and nontax
accruals
_ __
39.2
Contributions for social insurance- 3.8
41.9
4.1
45.3
4.3
43.8
4.2
44.7
4.3
45.9
4.4
46.6
4.4
47.7
4.5
Federal grants-in-aid
10.4
11.4
10.8
11.0
11.7
12.0
13.5
9.1
State and local government expenditures
_ _ _ _ 62.2
Purchases of goods and services
Transfer payments to persons
67.2
72.6
70.8
72.1
73.2
74.1
76.3
58.3
6.0
63.1
6.5
68.2
6.9
66.4
6.8
67.8
6.9
68. 9
6.9
69.8
7.0
71.5
7.5
Net interest paid
Less: Current surplus of governmen t enterprises
.8
•8
.7
.7
.7
.7
.6
.7
2.8
3.1
3.3
3.2
3.2
3.3
3.3
3.3
Surplus or deficit (— ), national income and product accounts
.9
1.4
1.7
1.1
1.1
2.2
2.6
3.5
1965
I
II
III
IV
I
481.1 514.4 554.7 540.6 549.5 557.9 570.8
Agriculture, forestry, and fisheries
18.6 17.6 19.9 17.4 20.2
Mining and construction
30.1 32.4 34.7 34.0 34.2
Manufacturing
143.8 154.7 169.8 166.7 167.4
Nondurable goods
57.7 61.9 66.3 65.5 65.6
Durable goods
86.1 92.8 103.5 101.2 101. 8
Transportation
__
_
19.9 21.0 22.6 21.8 22.5
Communication
9.8 10.6 11.2 11.0 11.0
Electric, gas, and sanitary services
10.2 10.8 11.5 11.2 11.6
Wholesale and retail trade
73.3 78.1 83.2 81.8 82.6
Finance, insurance, and real estate
53. 2 57.0 60.6 59.2 60.3
Services
54.1 58.0 61.8 60.1 61.1
Government and government enterprises.
... 64.8 70.0 74.9 72.7 73.7
Rest of the world
4.6
4.8
3.3 4.1 4.5
20.6 21.2
34.7 35.9
170.2 174.9
66.2 68.1
104. 0 106.8
22.9 23.1
11.4 11.5
11.6 11.7
83. 6 85.0
60.8 61.9
62.4 63.5
75.0
4.5
78.1
4.0
587.7
21.6
36.3
183.7
70.5
113.1
23.5
11.7
11.9
87.2
62.6
64.8
80.0
4.4
Table 7.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment, by Broad Industry Groups
[Billions of dollars]
State and local government receipts. __ 63.1
Personal tax and nontax receipts _.
C orporate profits tax accruals
1964
Seasonally adjusted at
annual rates
51.5
24.5
Surplus or deficit (— ), national income and product accounts
1963
I
Seasonally adjusted at
annual rates
Personal tax and nontax receipts- _
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance-
1966
1965
1966
1965
1963
1964
1965
I
II
III
IV
I
Seasonally adjusted at
annual rates
All industries, total
Financial institutions
Mutual
Stock
Nonfinancial corporations.
Manufacturing
Nondurable goods
Durable goods
Transportation,
communication,
and public utilities
All other industries
58. 1 64.5
73.1
71. 7
72.0
73.5
75.2
78.1
7.5
16
5.9
8.0
17
6.3
8.9
8.3
8.9
9.2
9.3
9.1
50.6
28.7
13.2
15.4
56.5
32.1
14.9
17.2
64.2
37.5
16.8
20.7
63. 4
37.3
16.6
20.8
63.2
36.7
16.6
20.1
64.3
37.3
16.6
20.7
65.9
38.8
17.4
21.3
69.0
41.6
18.5
23.2
9.2
12.7
10.0
14.3
10.8
15.9
10.5
15.5
10.5
16.0
11.0
16.0
10.9
16.2
10.9
16.5
SURVEY OF CURRENT BUSINESS
8
June 1966
utilization rose over the quarter, and in
virtually all cases were unusually high.
At the end of March, for example, firms
holding over one-half of fixed assets in
manufacturing reported that their existing capacity was inadequate for expected operations over the next 12
months. This was the highest proporBUSINJESS expenditures for new plant
For both manufacturing and non- tion ever reported in this survey, which
and equipment are expected to rise manufacturing companies, plant and was initiated in December 1963.
On the other hand, some restrictive
throughout 1966 to a total of $60.8 equipment outlays in 1966 are now
billion for the year, 17 percent above programed 1 percent higher than those factors were also at work. The supply
1965,1 according to the OBE-SEC indicated in the survey made 3 months of materials and labor has become
survey conducted in late April and May. ago. Most industry groups reduced tighter. The rise in interest rates
In the first quarter of this year, actual their spending plans from the previous may have discouraged some investment
expenditures were at an annual rate of siirvey, with the motor vehicle, textile, programs. Many companies post$58 billion, after seasonal adjustment, and mining companies reporting the poned some of their plant and equip.5 percent above the fourth quarter of largest relative cutbacks. However, ment projects as a result of the Presi1965. A smaller rate of increase, about these reductions were more than offset dent's appeal to restrain capital goods
3 percent per quarter, is projected for by the substantial upward revisions in demand. In addition, around the time
the remaining quarters of the year.
capital budgets of transportation com- the current reports were being filed
panies and producers of nonelectrical this spring, there was a reduction in
machinery and nonautomotive trans- demand for some consumer products,
portation equipment. On an overall notably autos, but it is not clear to
CHART 5
basis, the upward revision in dollar what extent businessmen may have
1
Investment programs for 1966 have been
terms was about equal to the rise in considered this development in prerevised slightly upward since February
capital goods prices during the first paring the currently reported programs.
• Upward revision is attributable to
quarter.
transportation industries and
Most of the upward revision in 1966 Quarterly movements
durable goods manufacturing
capital investment programs is in the
Capital outlays are expected to
Percent Increase
first half of the year. Actual outlays rise $1.6 billion in the second quarter
10
30
in the first quarter and those antici- to an annual rate of $59.6 billion,
I
I
pated for the second were each about after seasonal adjustment. Successive
$% billion higher at annual rates than increases of about $2 billion are schedTOTAL
BUSINESS
planned expenditures reported earlier uled for the remaining quarters, with
this year. Spending in the second half spending in the fourth quarter expected
is now scheduled $40T) million higher to reach an annual rate of $63.6 billion
Transportation
Excl. Rail
than previously.
(table 1).
Manufacturers increased their exFactors affecting current investment
penditures
in the first quarter to a
Durable Goods
Mfg.
During the first quarter, the effects seasonally adjusted annual rate of
of economic developments on invest- $25.6 billion, 6 percent over the fourth
Nondurable
ment .were mixed. Several factors had quarter rate. Present plans, for both
Goods Mfg.
a stimulating effect. The first quarter durable and nondurable goods prorise in GNP was the largest thus far in ducers, point to a slower rate of inthe current expansion, and was accom- crease as the year progresses. Only
Railroad
panied by large increases in business nonelectrical machinery companies exsales and corporate profits—even higher pect the rate of rise in the second half
Public
than business had expected earlier. In to be greater than in the first half.
Utilities
many industries, rates of capacity Both the auto and the nonferrous
metals industries have projected cutCommunications
& Commercial
backs in spending for capital goods in
* The reported figures for anticipations are adjusted for
the second half.
systematic biases (footnote 2, table 6). Before adjustment,
expenditures for 1966 were anticipated to be $59.2 billion for
In nonmanufacturing, expenditures
all industries, $26.8 billion for manufacturing, and $32.3
Mining
for new plant and equipment also
billion for nonmanufacturing.
The adjustments were
applied separately to each major industry; their net effect
rose substantially in the first quarter,
was to raise the manufacturing total about $200 million and
reaching an annual rate of $32.4
the nonmanufacturing $1.4 billion.
Capital Investment To Rise Throughout 1966
1965-6S Anticipated May 1966
1965-66 Anticipated Feb. 1966
1964-65 Actual
U.S.
Department of Commerce. Office of Business Economics
SURVEY OF CUREENT BUSINESS
June 1966
9
the nonelectrical machinery and nonautomotive transportation equipment
industries
are scheduling the largest
1966
1965
year-to-year increases in investment
I
I
Hi
II
III
IV
IIIi
IV i
outlays of any industry—one-third and
two-thirds respectively. Current plans
All industries
49.00
50.35
52.75
58.00
55 35
59 60
61 65
63 55
are upward revisions over plans reported
Manufacturing
20.75
21.55
23.00
24.15
25.60
26.60
27. 55
28.10
Durable goods
10.40
11.75
10.80
12 45
13 15
13 55
14 00
14 30
in
February. In 1965, nonelectrical
Nondurable goods
_
_ _ _.
10.40
10.70
11.25
12 45
11.70
13. 05
33 50
13 75
machinery
producers also increased
Nonmanufacturing
28.25
28.80
29.75
31 20
32 40
33 00
34 15
35 50
their expenditures for new plant and
1. Anticipated.
equipment by one-third; nonautomotive
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
transportation equipment producers by
one-fifth. Electrical machinery producers plan outlays of about one-third
billion, after seasonal adjustment. are mixed, in most cases capital out- more in 1966 than in 1965. This
Current plans call for a moderate lays in the second half of 1966 are program is little changed from plans
increase in the second quarter and an expected to be a little higher than of 3 months earlier and shows about the
same rise as in 1965.
acceleration in the third and fourth; during the first half.
Expenditures by the motor vehicle
railroads and the commercial group
industry
for the year are scheduled at
account for most of the expected acManufacturers Increase
$2
billion,
3 percent more than in 1965;
celeration in the second half of the
Programs
earlier
plans
called for a 7-percent
year. Although the quarterly patterns
Although
investment
by
manufacincrease.
In
each
of the 2 preceding
among the various industry groups
turers has been rising sharply and has years, spending rose about one-third.
added substantially to capacity, ad- Steel, nonferrous metals, and stone,
ditions
thus far in the current expansion clay, and glass producers also reduced
CHART 6
have not kept pace with rising demand. their anticipated outlays for new plant
Plant and Equipment Expenditures,
As noted above, an increasing number and equipment from February plans.
Carryover, and Starts of Projects
of manufacturers considered their ca- For each of these groups, the projected
pacity
inadequate to meet output
Billion $
requirements over the next few quar'
,'.DURABLE ;G0QD$.:W^
ters. Investment commitments have Table 2.—Percent Change in Plant and
1 0 : • -Y;; '-::K-^
Equipment Expenditures; 1964-66
been undertaken on a very large scale,
and the carryover of expenditures yet
. - ;
Actual, 1965 to
fEnW^
anticipated
to be made on projects already started
Actual
1966 as re" ' * * ' ' " ' '''''* ' - "'
'
'
"
' ' '
ported in
1964-65
was at a record level at the end of
March. However, if some allowance
February May
is made for seasonal movements, the
survey data for the first quarter All industries _ _ — - - _ _
17.0
15.9
.._
15i7
indicate only a further small rise in
Manufacturing 1
20.8
19.1 20.4
carryover and a decline in starts of
18.4
20.9
Durable goods
2d.9
8.0
9.8
Primary metals.
20. 0
new projects. These results may imply
67.4
78.7
Machinery
32.6
2.7
7.1
Motor vehicles and parts __
42f2
that manufacturers foresee some easing
Transportation equipment, except motor
of capacity pressures from the additions
65.2
45.7
-9.2
vehicles
6.6
11.3
Stone, clay, and glass
14.'9
in current investment programs.
19.8
19.9
Nondurable goods
20.7
16.0
18.5
Food and beverage
16. 5
Manufacturers are planning to spend
37. 1 29.7
Textile
29.8
29.9
28.6
Paper
20.0
$27 billion on new plant and equipment
14.3
15.7
31.7
Chemical _ _
10
17.5
15.4
Petroleum
___
13.7
this year, one-fifth more than in 1965.
PUBLIC UTILITIES::
•^'•'^/••''•v-''
14.3
13.4
11.8
Nonmanufacturing..
This rate of increase matches the 19649.2
16.3
Mining
9.3
65 advance. Under current plans, out18.2
5.5
.23.1
Railroad .
lays of durable goods producers are
Transportation, other than
scheduled to reach $13.8 billion and
12.0 24.3
18.4
rail..
those of nondurable goods producers
15.1
15.8
11.7
Public utilities
$13.2 billion. Both totals represent
15.0
Communications
4
1
2
3
4
1
2
3
4
1
2
3
4
1
12.4
13.3
increases of one-fifth—about the same
1962
1963
1964
1965
1966
8.8
Commercial and other
rates of rise as in 1965.
Note: Starts and expenditures are quarterly totals.
All data unadjusted for seasonal variation.
1. Includes industries not shown separately.
Under the stimulus of strong demand
Data: OBE-SEC
Sources: U.S. Department of Commerce, Office of Busifor capital goods and defense products, ness
66-6-6
Economics, and Securities and Exchange Commission.
Table 1.—Plant and Equipment Expenditures 1965 and Anticipated 1966
[Billions of dollars, seasonally adjusted at annual rates]
s
!
U.S.
Department of Commerce, Office of Business Economics
217-518 O-66-2
„"
"
" ','' ' > "'
SURVEY OF CURRENT BUSINESS
10
1966 increase is smaller than the 1965
advance.
Among nondurable goods industries
both paper and textile companies are
planning substantial advances-—30 percent—in capital expenditures for 1966.
Last year, textile companies also increased their capital spending 30 percent; paper companies increased theirs
2 percent. Other nondurable goods
industries are expanding their spending
moderately—somewhat over the 20percent average for the nondurable
goods group. For the nondurable
goods industries as a whole, 1966
capital spending programs formulated
in May were about the same as 3
months earlier. Petroleum, paper, and
rubber companies raised their sights
June 1966
somewhat while textile, chemical, and
food-beverage groups scaled theirs
down.
Investment carryover and starts
At the end of March, expenditures
yet to be made by manufacturers on
investment projects already started
totaled $18.2 billion, up $1.3 billion
from the end of December and $3.5
billion from March 31, 1965. Carryover has continued to increase relative
to prospective expenditures. At the
end of the first quarter, backlogs of
uncompleted projects represented 85
percent of the anticipated rate of expenditures for the remainder of the
calendar year, as compared with 82
percent (of actual expenditures) in the
corresponding period of 1965 and 72
percent in 1964.
The rise in carryover over the past
year amounted to $2.3 billion for the
durable goods industries and $1.2 billion for the nondurables. In both
groups, backlogs of uncompleted projects have continued to increase relative to anticipated expenditures. Most
manufacturing industries reported a
larger amount of carryover at the end
of March than a year ago, with the
largest advance in the iron and steel,
nonelectrical machinery, and nonautomotive
transportation
equipment
groups.
Thus, the carryover of manufacturers'
projects is obviously quite high at
present and represents a strong under-
Table 3.—Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities 1
[Billions of dollars]
1962
Dec.
Manufacturing 2
Durable goods _
__
Primary metals ,_
Electrical machinery.
Machinery except electrical
Transportation equipment
Stone, clay, and glass
__
Nondurable goods
Food and beverage - Textile
__-_
Paper
Chemical
Petroleum
- ..
__
Public utilities
March
Dec.
Sept.
June
1965
19 64
1963
March
Sept.
June
March
Dec.
1966
March
Dec.
Sept.
June
7.21
8 61
9 00
9 18
9.08
10 38
11 88
12 63
14 73
15.99
16.23
16.90
18.19
3. 99
1.66
.33
.25
.87
.31
4.84
1.97
.37
.56
1.10
.32
5.15
2.08
.36
.48
1.40
.30
5.25
2.27
.33
.40
1.37
.32
5.05
2.23
.32
.31
1.36
.29
5.61
2.30
.33
.53
1.48
.33
5.95
2.56
.37
.48
1.63
.38
6.21
2.59
.41
.41
1.86
.39
6.62
2.74
.41
.43
2.02
.40
7.98
3.05
.51
.85
2.31
.52
8.89
3.34
.60
.77
2.85
.53
8.82
3.38
.63
.80
2.73
.53
9.25
3.52
.66
.78
2.91
.50
10.25
3.68
.89
1.31
2.88
.45
3.23
.34
.17
.36
1.03
1.02
3.78
.42
.16
.52
1.01
1.32
3.85
.41
.15
.56
1.01
1.40
3.94
.36
.14
.61
1.11
1.41
4.03
.41
.20
.59
1.03
1.50
4.78
.42
.26
.61
1.26
1.90
5.31
.40
.28
.78
1.39
2.10
5.68
.40
.28
.77
1.61
2.23
6.01
.54
.29
.77
1.59
2.43
6.75
.60
.37
.88
1.74
2.62
7.10
.63
.46
.96
1.86
2.72
7.41
.78
.51
.97
1.90
2.80
7.66
.79
.54
.99
1.89
2.90
7.94
.78
.60
1.04
2.01
2.93
5.07
6.13
6.40
5.58
5.46
6.62
6.53
6.09
5.65
7.64
7.67
7.24
8.03
9.82
11.26
1. Carryover refers to expenditures yet to be incurred on plant and equipment projects already underway.
2. Includes industries not shown separately.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
Table 4.—Starts of New Plant and Equipment Projects, Manufacturing and Public Utilities l
[Billions of dollars]
Annual
Manufacturing 2
_
Durable goods
Primary metals
_ _
Electrical machinery
Machinery except electricalTransportation equipment __
Stone, clay, and glass
Nondurable goods
Food and beverage
T extile
Paper
_
Chemical
Pe t roleum
Public utilities
__
__ _ _
_
1963
1963
1964
1965
17.56
22.17
26.73
4.68
4.30
4.13
4.42
8.91
2.22
.68
1.31
2.09
.59
10.99
2.68
.76
1.76
2.66
.79
14.03
3.38
1.10
2.55
3.44
.87
2.47
.63
.20
.59
.55
.14
2.27
.51
.17
.22
.70
.14
2.06
.64
.14
.21
.39
.17
2.12
.46
.18
.30
.45
.14
8.64
1.04
.68
.95
1.61
1.26
11.17
1.19
.84
1.11
2.52
4 29
12.70
1.49
1.23
1.34
2.90
4.30
2.20
.30
.14
.30
.34
.89
2.03
.25
.17
.21
.39
.78
2.07
.20
.14
.24
.49
.77
2.30
.29
.23
.20
.38
.96
6.04
6.41
9.32
2.10
1.67
.78
1.48
I
II
III
IV
I
II
III
IV
5.10
5.41
5.29
2.48
.50
.16
.55
.49
.19
2.65
.77
.20
.36
.63
.22
2 63
.58
.20
.34
.77
.18
2.61
.26
.20
.19
.59
1.10
2.76
.24
.19
.40
.60
1 03
2.34
1.48
1. Starts are estimated by adding changes in carryover to expenditures during the given period.
2. Includes industries not shown separately.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
1966
19 35
1964
I
II
6.37
6.64
6.73
5.96
7.39
6.89
3.24
.84
.20
.52
.78
.20
3.62
.80
.25
.83
.81
.28
3 68
.89
.29
.43
1.21
.21
2.84
.70
.24
.58
.56
.20
3.90
.99
.31
.72
.86
.18
3.87
.76
.46
1.14
.59
.14
2.68
.27
.19
.23
.72
97
3.13
42
.26
.29
.61
1 18
3.02
.32
.28
.34
.71
98
3.06
.35
.32
.34
.76
1 03
3.13
.47
.31
.31
.67
1.05
3.49
.36
.33
.35
.76
1.24
3.02
.30
.33
.35
.73
.97
1.27
1.32
3.30
1.75
1.44
2.83
3.38
III
IV
I
SURVEY OF CURRENT BUSINESS
June 1966
pinning for current investment programs. However, the figures, which
are not available on a seasonally adjusted basis, suggest that the $1.3
billion increase in carryover in the
opening quarter of this year was mostly
seasonal in nature. The motor vehicle,
stone, clay, and glass, and food-beverage
industries actually reduced their carryover during the first quarter, while the
increase for petroleum was probably
below seasonal expectations. Increases
in backlogs in the machinery and other
durable goods industries more than
offset these reductions.
Starts of new projects by manufacturers during the first quarter of 1966
totaled $6.9 billion—up $250 million
from the first quarter of 1965, but $500
million below the fourth quarter of last
year. This was the smallest year-toyear and first-to-fourth-quarter rise
since the series was initiated in 1963.
It probably represents a decline in
seasonally adjusted starts from the very
high fourth quarter rate. The value
of new projects undertaken during the
first 3 months of this year was smaller
than in the first and fourth quarters of
1965 in all major durable goods industries except electrical and nonelectrical
machinery, where commitments for
new projects were substantially increased. In nondurables, the component industries reported starts in the
first quarter equal to, or lower than,
those in the fourth quarter of 1965.
9
Manufacturers evaluation of capacity
The latest survey indicated rising
pressures on capacity. Companies
holding 51 percent of total manufacturing fixed assets considered their facilities on March 31 to be inadequate for
the next 12 months. This ratio was 3
percentage points above December 1965
and 9 percentage points above a year
earlier.
The rise from a year earlier in the
proportion of capacity considered inadequate was widespread among manufacturing industries. For the durable
goods group, the figure was 52 percent,
as against 42 percent at the end of
March 1965 and 36 percent in March
1964. Both primary metal producers
and metal fabricating companies re-
11
Nonmanufacturing Programs
ported much larger increases in the
inadequate proportion in the year
ended March 1966 than in the year
ended March 1965. In the nondurable
goods group, all the component industries reported a rise in the proportion
of assets considered inadequate at the
end of March, as compared with a year
earlier; the percentage for the group
as a whole rose from 43 to 49. However, the increases were a little smaller
than those shown from March 1964 to
March 1965.
The proportion of assets held by
firms reporting facilities in excess of
prospective needs dropped to a low of
4 percent as of March 31, with declines
from a year earlier general among the
various industries. An exception was
the primary metals industry, which
showed no change.
Producers accounting for 45 percent
of fixed assets in manufacturing felt
that their facilities were about adequate
for current and prospective needs over
the next 12 months—as compared with
52 percent as of March 1965 and 58
percent as of March 1964.
Transportation companies are planning to spend $5}£ billion on new plant
and equipment this year. For the
railroads, the planned outlays are onefifth larger than 1965 expenditures; for
other transportation companies, they
are one-fourth larger. Increases of
these proportions would be about the
same as those realized last year.
Railroads have revised their programs
upward since the survey 3 months ago
and are now projecting sizable increases
in spending in each quarter. The bulk
of the rise over last year's total and
the strong upward trend during 1966
occur primarily in spending for equipment. However, more than half of the
upward revision since February in
planned 1966 outlays was for roadways.
The shortage of freight cars relative
to demand continues to persist. At
the end of March, the number of freight
cars owned by railroads was about the
same as at the end of 1964 and smaller
than in the 2 preceding years—although
the freight cars currently being installed
Table 5.—Manufacturers' Evaluation of Their Capacity
[Percent distribution of gross capital assets] *
1963
19 65
19 64
1966
Dec. 31 Mar. 31 June 30 Sept. 30 Dec. 31 Mar. 31 June 30 Sept. 30 Dec. 31 Mar. 31
More plant and equipment needed
All manufacturing 2
_
Durable goods
Primary metals
__
Metal fabricators 3
Nondurable goods
_ ._ _
Food and beverage
Chemical. .
Petroleum.
__
__
40
36
38
39
43
42
47
49
48
51
38
48
31
42
39
61
33
36
45
31
35
29
69
23
36
45
30
40
32
77
23
36
43
32
41
34
77
24
41
44
41
46
39
79
28
42
48
39
43
37
79
24
49
53
51
45
40
83
24
53
53
61
46
44
80
24
50
53
51
46
46
83
23
52
61
51
49
47
81
31
About adequate
All manufacturing 2
Durable goods
Primary metals
._
Metal fabricators 3
Nondurable goods
Food and beverage
Chemical
Petroleum
52
58
56
56
51
52
47
45
47
45
49
31
59
55
52
38
67
53
33
63
62
64
30
77
55
39
64
57
58
22
77
56
42
64
56
56
22
76
51
42
54
51
50
20
72
50
38
56
54
54
20
76
44
32
46
50
50
16
70
40
33
37
50
47
19
71
44
33
47
50
44
16
73
42
25
47
48
46
18
67
Existing plant and equipment exceeds needs
*
All manufacturing 2
Durable goods _ _ _
Primary metals
Metal fabricators 3
Nondurable goods
Food and beverage
Chemical
Petroleum
8
6
6
5
6
6
6
6
5
4
13
21
10
3
9
1
(*)
11
22
6
3
7
1
(*)•
9
16
6
3
10
1
(*)
8
15
4
3
10
1
(*)
8
14
5
3
11
1
(*)
8
14
5
3
9
1
(*)
7
15
3
5
10
1
6
7
14
2
4
9
1
5
6
14
2
4
10
1
4
6
14
2
3
7
1
2
*Less than 0.5 percent.
1. According to respondent companies' characterizations of their plant and equipment facilities, taking into account their
current and prospective sales for the next 12 months.
2. Includes industries not shown separately.
" •
• .
3. Includes machinery, transportation equipment, and fabricated metals industries.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
12
SURVEY OF CUKKENT BUSINESS
are larger and more efficient than those
being replaced.
New orders for freight cars placed by
the railroads during the first quarter
were at the highest levels in 10 years
and totaled one-third more than in the
corresponding period of last year. At
the end of April, backlogs were at the
highest point in 10 years, having risen
by nearly one-third during the first
quarter.
In nonrail transportation, the airlines
account for most of the rise in investment from 1965 to 1966; trucking firms
are planning to spend moderately more
this year. The airlines expect to spend
$1.8 billion—more than one and onehalf times their 1965 outlays. Order
backlogs for civilian aircraft are more
than two-fifths above those of a year
earlier.
Public utilities spent over $K billion
more (annual rates) on new plant and
equipment in the first quarter than
anticipated 3 months ago; both the
electric and gas portions of the industry
contributed to the upward revision.
Electric utilities are projecting a rising
rate of outlays throughout 1966, but gas
utilities expect some tapering of programs during the remainder of this year.
The carryover of uncompleted proj-
June 1966
ects by utility companies rose sizably
in the first quarter of this year. Carryover totaled a record $9.8 billion at the
end of March, up $1.8 billion from
December 31, 1965, and $2.2 billion
from a year earlier. Projects with a
total anticipated cost of $3.4 billion
were started during the first quarter of
this year—up 2 percent from the corresponding period of 1965. The rise from
the fourth quarter of last year to the
first quarter was a little smaller than in
the corresponding periods of the 2
previous years; this suggests that this
year's, rise was probably seasonal in
nature.
Table 6.—Expenditures for New Plant and Equipment by U.S. Business,1 1964-66
[Billions of dollars]
1964
1964
All Industries
Manufacturing
industries
Durable goods
industries
Primary iron
and steel
Primary nonferrous metaL . _
Electrical machinery and
equipment
Machinery, except electrical__ _
Motor vehicles
and parts
Transportation
equipment, excluding motor
vehicles
Stone, clay, and
glass
Other durable
goods3
Nondurable goods
industries
Food and beverage.
Textile _ _ . _ _
Paper
Chemical
Petroleum
Rubber
Other nondurable goods 4 _
Quarterly, seasonally adjusted at annual rates
Quarterly unadjusted
Annual
1965 1966 2
I
II
III
IV
I
II
1964
1966
1965
III
IV
I
112
III 2
I
II
1965
III
IV
I
II
1966
III
IV
I
112
III 2
15. 17 15.66 42.55 43.50 45. 65 47.75 49.00 50.35 52.75 55.35 58.00 59.60 61.65
44.90 51.96 60.78
9.40 11.11 11.54 12.84 10.79 12.81
18.58 22.45 27.02
3.79
4.53
4.67
5.59
4.54
5.47
5.73
6.72
5.61
6.74
6.84 17.40 17.80 18.85 20.15 20.75 21.55 23.00 24.15 25.60 26.60 27.55
9.43 11.40 13.78
1.93
2.30
2.37
2.83
2.25
2.76
2.91
3.48
2.87
3.44
3.46
8.85
9.00
9.60 10.15 10.40 10.80 11.75
13.41 14.95 12.77
12.45 13. 15 13.55 14.00
1.69
1.93
2.06
.34
.40
.42
.54
.36
44
.50
.62
.42
51
.54
1.60
1.60
1.65
1.90
1.70
1.80
1.95
2.20
2.00
2.05
2.10
.48
168
.75
.09
.11
.13
.15
.14
.15
.16
.22
.18
.19
.18
.40
.45
.50
.55
.60
.60
.65
.80
.80
.80
.70
.66
.85
1.13
.14
.16
.16
.20
.15
.20
.22
.29
.23
.28
.28
.70
.65
.65
.70
.70
.80
.90
.95
1.10
1.15
1.15
1.64
2.21
2.99
.33
.40
.40
.51
.41
.51
.55
.74
.61
.71
.74
1.45
1.55
1.75
1.80
1.80
2.00
2.35
2.60
2.70
2.80
3.15
1.51
1. 98
2.03
.25
.37
.43
.47
.43
.53
.52
.50
.43
.53
.51
1.25
1.35
1.65
1.80
2.10
1.95
2.00
1.90
2.10
2.00
1.95
.50
.45
.45
.50
.45
.55
.65
.60
.85
.95
1.00
.48
.58
.96
.11
.12
.11
.14
.10
.13
.16
.18
.18
.23
.2^
.68
.78
.83
.14
.17
.17
.19
.16
.20
.20
.21
.19
.20
.20
2.28
2.41
3.04
.51
.58
.56
.62
.51
.60
.60
.71
.62
.78
.76
9.16 11.05 13.24
1.87
1. 06
.76
.94
1.97
3.36
.27
2.23
2.30
2.76
2.28
2.70
2.82
3.24
2.74
3.30
3.38
8.55
8.80
9.20 10.00
1. 24
.98
1.12
2.59
3.82
.34
1.44
1.27
1.46
2.96
4.49
.43
. 24 . .27
.14
.18
.22
.18
.37
.47
.84
.70
.06
.06
27
20
24
50
84
07
.28
.25
.30
.63
.99
.08
.25
.20
.22
.55
.79
.07
.32
.22
.26
.64
.92
.09
.32
.26
.30
.63
.97
.09
.34
.30
.33
.77
1.14
.09
.31
.27
.30
.61
.94
.08
.38
.30
.35
.77
1.09
.10
.37
.31
.37
.73
1.17
.12
1.05
.60
.80
1.65
3.30
1.00
.65
.90
1.80
3.35
1.10
.80
.95
2.05
3.30
1.10
.95
1.05
2.25
3.50
10.40 10.70 11.25
1.10
.85
1.05
2.50
3.70
1.20
.85
1.05
2.50
3.75
11.70
12.45 13.05 13.50
1.25
1.05
1.20
2.60
3.80
1.35
1.10
1.20
2.70
4.00
1.35
1.20
1.35
2.75
4.40
1.45
1.15
1.40
3.05
4.40
1.45
1.25
1.45
3.00
4.60
.80
.96
1.19
.18
.20
.19
.23
.19
.24
.25
.28
.24
.31
.31
1.19
1.30
1.42
.26
.29
.30
.33
.29
.33
.32
.35
.33
.36
.36
1.15
1.15
1.20
1.30
1.25
1.30
1.25
1.35
1.40
1.40
1.40
Railroad
1.41
1.73
2.05
.32
.36
.37
.35
.39
.44
.44
.46
.40
.51
.54
1.40
1.25
1.50
1.55
1.75
1.55
1.70
1.95
1.75
1.85
2.10
Transportation, other
than rail
2.38
2.81
3.49
.51
.63
.59
.64
.58
.77
.72
.73
.75
.97
.89
2.30
2.25
2.40
2.60
2.55
2.70
3.00
3.00
3.30
3.40
3.65
Public utilities
6.22
6.94
7.99
1.18
1.58
1.71
1.76
1.32
1.71
1.88
2.04
1.60
1.97
2.23
5.95
6.30
6.30
6.35
6.80
6.85
6.75
7.30
8.25
7.80
8.10
Communications
4.30
4.94
1.10
1.06
1.17
1.08
1.24
1.22
1.41
1.26
4.30
4.40
4.40
4.55
4.80
5.05
5.30
5.35
2.61
2.84
Mining
__
Commercial
and
other 5
Il8.80
10.83 11.79
1'"
I 2.37
I 4.62
3.01
2.59
2.85
3.10
3.25
2.83
4.80
!4.05
10.25
18. 5C 18.85
10.45 11.00 11.40
11.30
11.60
11.95
12.25 12.35
1. Data exclude expenditures of agricultural business and outlays charged to current account.
2. Estimates are based on anticipated capital expenditures reported by business in late April and May 1966. The estimates for the second and third quarters of 1966 have been adjusted
when necessary for systematic tendencies in anticipatory data. The adjustment for each industry and time period is based on the median ratio of actual to anticipated expenditures for the past
5 years. However, no adjustment is made unless the anticipations have shown a bias in the same direction in at least 4 of the last 5 years and in at least two-thirds of all years since 1956.
3. Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneous industries.
4. Includes apparel, tobacco, leather, and printing-publishing.
5. Includes trade, service, finance, and construction.
NOTE.—Details may not ad<i to totals due to rounding. Data for earlier years were published in the June 1956,.March 1958,1960,1961,1962,1963,1964,1965, and 1966 issues of the SURVEY
OF CURRENT BUSINESS.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
SURVEY OF CURRENT BUSINESS
June 1966
The communications and commercial
sectors scaled down their 1966 capital
spending programs between the February and May surveys. Actual expenditures in the first quarter—at
$17.7 billion—were $% billion less than
anticipated earlier this year. Outlays
are expected to rise in the succeeding
quarters of 1966 but at slightly lower
rates than previously scheduled.
Both the communications and the
commercial groups are expecting expenditures to be about one-eighth
higher than in 1965. If realized, these
increases would be about the same as
last year for communications but somewhat larger for commercial companies.
Within the commercial group, wholesale and service firms anticipate the
largest year-to-year increases.
Manufacturers' Inventory and Sales ExpectationsSecond and Third Quarters 1966
CHART 7
Manufacturers Expect:
• Sales gains at more moderate rates in second
and third quarters
• Inventory accumulation to continue
• Stock-sales ratios in September to be little
different from year earlier
IstQtr. 1961=100i/
180
DURABLE GOODS MANUFACTURERS
I II
80
1 1
I 1 1
I I II
Ratio
Inventory-Sales Ratio
1961
62
63
64
66
Seasonally Adjusted
• Expectations
1. Trough for sales
2. Sales, quarterly total; inventories, end of quarter
I). S. Department of Commerce, Office of Business Economics
66-6-7
MANUFACTURERS expect more moderate
sales increases in the spring and summer
quarters than they experienced in 1965
and early 1966. They expect inventory
additions to ease slightly in the second
quarter and then return to the high
accumulation rate that has prevailed
since mid-1965. These projections imply that stocks would be maintained
through September at 1.6 months of
sales, a ratio that has changed little
since early 1965. Manufacturers' evaluations of their inventory condition
have also been stable from March 1965
to March 1966. During this period,
manufacturers holding approximately
four-fifths of producers' stocks considered them "about right"; producers
holding 15 to 16 percent of stocks considered them "high"; and holders of
only 3 to 4 percent of stocks considered
them "low."
These findings are based on reports
filed in May by manufacturers in
OBE's quarterly expectations survey.
Modest sales gains projected
Durable goods producers expect sales
to rise almost 1 percent from the first to
the second quarter and somewhat under
2 percent from the second to the third,
after seasonal adjustment. These increases follow sales gains of 4K percent
in the first quarter of 1966 and 2 percent
in the fourth quarter of 1965. Industries that supply capital goods and
defense products expect continuing
substantial increases in shipments, but
the motor vehicles industry anticipates
some easing from the high first quarter
rate.
13
Sales gains projected by nondurable
goods producers about match those of
the durable goods producers. A rise of
about 1 percent is expected in the second quarter and a rise of slightly under
1% percent in the third. These are not
too different from the increases in the
second half of last year but are much
smaller than the 3% percent gain
achieved in the first quarter of 1966.
Manufacturers' sales totaled $129.5
billion in the first quarter and are expected to reach $132.4 billion in the
third, with durable goods producers
projecting sales of $69.6 billion and
nondurable goods producers projecting
sales of $62.8 billion.
Inventory expansion continues
Durable goods producers plan to add
$950 million to their stocks in the current quarter; this would match the inventory rise of the first quarter. For
the third quarter, they are currently
planning additions of $1K billion—
CHART 8
Condition of Manufacturers' Inventories
Percent of inventories judged "high"
declined for metal producers, but
rose elsewhere
Percent of Inventories
30
1961
63
64
End of Quarter
merce. Office of Business Economics
65
66
14
SUEVEY OF CURRENT BUSINESS
June 1966
seasonal adjustment. If these sales
and inventory expectations eventuate,
the stock-sales ratio, which was 1.94 in
September 1965 and 1.91 this March,
will rise to about 1.95 in September.
Nondurable goods producers expect
to add $300 million to their inventories
in both the second and the third
quarters. Their anticipated additions
are below actual additions in each of
the two previous quarters, which were
at the very high rate of $700 million.
However, the projected increases are
not much different from the average
quarterly accumulation rates of 1965.
Chemicals and, to a lesser extent,
rubber and textile companies account
for most of the expected rise from
March to September.
Nondurable goods producers' stocks
are anticipated at $27 billion in September, as compared with $26,4 billion in
March. These levels and the sales
expectations imply maintenance of the
stock-sales ratio at 1.3 months of sales.
equal to the peak accumulation rates of
the current expansion. The machinery
and aircraft industries expect sizable
additions to stocks in this period.
The book value of durable goods
producers' stocks was $43.3 billion on
March 31 and is expected to rise to
$45K billion by September 30, after
Table 1.—Manufacturers' Inventories and Sales: Actual and Anticipated
\
[Billions of dollars]
1966
19 35
19()4
i
III i
I
II
III
IV
I
II
III
IV
I
II i
60.7
36.4
24.3
60.7
36.8
23.9
60.7
36.9
23.8
62.6
38.0
24.6
64.1
39.3
24.8
65.0
40.3
24.7
65.9
41.1
24.8
67.6
41.8
25.8
70.0
43.6
26. 5
71.3
44.6
26.7
72.1
45.3
26.8
. _ _ _ __•__
60 3
36.1
24.2
60 4
36.5
23.9
61 0
37.0
24.0
62 9
38.4
24.5
63 7
39.0
24.7
64 6
40.0
24.7
66 3
41.3
25.0
68 0
42.3
25.7
69.6
43.3
26.4
70 9
44.2
26.7
72.5
45.5
27.0
_
108.0
56.3
51.7
114.2
60.6
53.6
109.6
55.4
54.3
113.7
58.6
55.2
117.0
61.5
55.5
123. 3
65.4
57.9
118.5
60.2
58.3
124.6
65.1
59.4
128.8
67.6
61.1
134. 3
72.1
62.2
128.4
65.5
62.9
109.1
57.1
52.1
111.1
57.5
53.6
112.4
58.3
54.1
113.6
58.5
55.2
117.9
62.1
55.8
119.8
62.1
57.7
122. 1
63.9
58.2
124.6
65.1
59.5
129.5
68.0
61.5
130.4
68.4
62.0
132.4
69.6
62.8
Inventories, end of quarter
Unadjusted:
All manufacturing
Durables
Nondurables
Inventory condition, end of March
Seasonally adjusted:
All manufacturing
Durables
Nondurables
Sales, total for quarter
Unadjusted:
All manufacturing
Durables
Nondurables
Seasonally adjusted:
All manufacturing
Durables
__
Nondurables
_
_
1. Anticipations reported by manufacturers in May 1966. Inventories have been corrected for systematic tendencies in
anticipatory data.
Source: U.S. Department of Commerce: Anticipations, Office of Business Economics; actuals, Bureau of the Census.
Table 2.—-Manufacturers' Evaluation of the Condition of Their Inventories l
[Percent distribution]
Total
March 31, 1961June 30, 1961
September 30, 1961
December 31, 1961
_
March 31, 1962
__ _
June 30, 1962
September 30, 1962. __
_
December 31, 1962
March 31, 1963_
June 30, 1963.. • _ _
September 30, 1963___
December 31, 1963
March 31, 1964
June 30, 1964 .
September 30, 1964
December 31, 1964
_
_
March 31, 1965
June 30, 1965. _
September 30, 1965 _
December 31, 1965
March 31, 1966
__
_ _
_
Nondurables
Durables
High
About
right
18
14
10
10
81
85
88
88
1
1
2
2
20
15
11
10
79
84
87
88
1
1
2
2
16
13
9
9
83
85
88
89
1
2
3
2
14
14
15
14
84
84
83
84
2
2
2
2
19
17
18
17
80
82
81
82
1
1
1
1
8
9
11
11
89
89
86
86
3
2
3
3
15
15
17
13
82
83
81
85
3
2
2
2
17
18
19
14
81
80
80
84
2
2
1
2
12
10
14
10
85
88
83
87
3
2
3
3
16
13
14
13
82
84
82
84
2
3
4
3
17
16
15
15
81
81
.81
82
2
3
4
3
14
9
11
9
84
88
84
87
2
3
5
4
16
16
16
15
81
80
81
82
3
4
3
3
20
20
22
19
77
77
76
78
3
3
2
3
9
10
8
8
87
85
88
88
4
5
4
4
15
81
4
18
79
3
10
85
5
Low
High
About
right
.
Low
High
About
right
Low
1. Condition of actual inventories relative to sales and unfilled orders position as viewed by reporting companies. Percent
distribution of inventory book values according to company's classification of inventory condition.
Source: U.S. Department of Commerce, Office of Business Economics.
Manufacturers7 evaluation of their
inventory condition relative to their
sales and unfilled orders showed only
minor shifts from December 31, 1965,
to March 31, 1966. For both dates,
companies holding 15 percent of total
inventories judged their inventories as
"high." This ratio has ranged from 13
to 17 percent during the past 4 years.
Producers holding 18 percent of
durable goods stocks considered their
inventories "high" on March 31—down
1 percentage point from December 31,
1965, and 2 points from a year earlier.
The "about right" group held 79 percent of inventories on March 31, 1966,
and the "low" group 3 percent.
The "high" proportion for primary
metals producers fell from 9 percent in
December to 6 percent in March and
was close to the lowest point for the
current expansion period. Metal fabricators classifying stocks as "high"
reported a ratio of 20 in March—up
1 point from December, with motor
vehicles and fabricated metals pro-ducers accounting for the rise.
The "high" ratio for nondurable
goods producers rose from 8 percent in
December to 10 percent in March,
with the rise widespread among the
industries. The "about right" category held 85 percent of soft goods
stocks, and the "low" category 5 percent.
by ETIENNE H. MILLER
Foreign Travel Payments Continue To Rise in 1965
LORE U.S. residents than ever be- companies for transocean transportafore traveled abroad last year, spending tion.
Although the number of travelers to
a record $3.1 billion in foreign countries
oversea
areas rose 18 percent from 1964
and for transportation on foreign transto
1965
(table 3), a decline in average
ocean steamships and airlines (table 1).
expenditure
per traveler (excluding
These combined expenditures were 10
transocean
fares)
limited the increase
percent more than in 1964, a rate of
in
total
expenditures
overseas to 11
increase slightly higher than the averpercent.
The
decline
in average exage during the last 10 years.
penditures
was
the
result
of a large
About $1.1 billion of the total was
increase
in
the
number
of
trips
to the
spent in the neighboring countries of
nearby
Caribbean
area
and
a
shortening
Canada and Mexico, about $1.3 billion
in oversea areas, and $0.7 billion for of the average trips to Europe and the
fares on foreign carriers (table 2). The Mediterranean.
Receipts from foreign visitors to the
total does not include the $0.6 billion
paid to U.S. airlines and steamship United States, including fares paid to
U.S. transocean carriers, were nearly
$1.4 billion in 1965, 10.6 percent more
than in 1964 (table 7). Canadian exCHART 9
penditures in the United States reached
Expenditures of U.S. Residents
a new high of $490 million. Receipts
from Mexico were $265 million, a rise
for Foreign Travel Reached $3.7 Billion
of $15 million from the year before.
in 1965
Oversea visitors spent about $460 million in the United States, 15 percent
more than last year, and paid $165
million to U.S. sea and air carriers.
The balance on travel expenditures
was about $1,740 million in 1965, as
compared with $1,600 million in 1964.
This balance measures the difference
between U.S. travel expenditures
abroad (including U.S. fare payments
to foreign carriers) and U.S. receipts
from foreign visitors (including receipts
by U.S. carriers of fares paid by foreign
visitors). These figures do not take
into consideration the expenditures of
U.S. carriers abroad or those of foreign
1.0
carriers in the United States (including
the share of their purchases of airplanes
that may be attributed to the transportation of U.S. travelers abroad).
Neither does the balance take into
account the fact that these funds—as
1953
55
57
59
61
63
65
well as any funds obtained from other
U.S.
Department of Commerce, Office of Business Economics
66-6-9
U.S. transactions—add to the ability
of foreign countries to finance their
expenditures or other obligations in the
United States. Canada, Mexico, and
other nearby countries in particular
spend a relatively large part of their
foreign exchange income in the United
States.
U.S. travel spending by region
In Europe and the Mediterranean,
average expenditures continued their
downward trend in 1965, but once more
the increase in the number of travelers
was large enough to raise total spending.
Average expenditures of U.S. travelers
in the area were $611 last year, down
from $637 in 1964 (table 4). The
number of Americans visiting the area
Table 1.—Expenditures for Foreign Travel,
by U.S. Residents
[Millions of doUars]
Payments to foreign
countries
Total
Fares
paid to
ExU.S.
pendi- Fares
to
carriers
Total tures in
foreign, foreign
coun- carriers
tries
41
688
647
483
164
1937
470
443
348
95
27
1947
716
628
573
55
88
1955
1956
1957
1958
1,612
1,814
1, 955
2,140
1,354
1,513
1,633
1,780
,153
,275
,372
,460
201
238
261
320
258
301
322
360
1959
1960
1961
1962
2,380
2, 597
2,600
2,875
1,990
2,237
2,242
2,460
,610
,732
,735
1,885
380
*505
507
575
390
*360
358
415
1963
1964___
1965
3,195
3,366
3,730
2,705
2,846
3,120
2,090
2,201
2,400
615
645
720
490
520
610
1929 ...
_ _
* Begins new series.
NOTE.—Excludes travel by military personnel and other
Government employees stationed abroad and by their dependents and U.S. citizens residing abroad; includes shore
expenditures of cruise travelers; passenger fares exclude fares
paid by emigrant aliens.
Source: U.S. Department of Commerce, Office of Business
Economics.
15
SURVEY OF CUEEENT BUSINESS
16
June 1966
HART 10
rose from 1,250,000 in 1964 to 1,400,000, Germany, Sweden, and Denmark,
a 12-percent increase. Thus, total U.S. where reduced per capita spending
Average Expenditures of U.S. Travelers
travel expenditures in the area were offset the increase in visitors, and for
in the European and Mediterranean Area
$865 million, 8 percent more than the Ireland, where average spending rose.
Israel, Greece, and Belgium-Luxem- Dollars
$800 million spent in 1964.
The number of visitors increased last bourg registered the largest gains, from 1,100
year in all European and Mediterra- 18 to 24 percent in U.S. travel receipts.
Americans spent more money for 1,000
nean countries except Ireland. However, half of these countries showed a travel in Canada than in any other
Sea Travel
decrease or no change in their receipts country last year. A 9-percent rise
from U.S. travelers (table 5). In brought the total spent in that country 900
France, Austria, and Switzerland, the to $600 million. U.S. visitors to Mexnumber of visitors did not increase ico spent $500 million, about 5 percent
800
enough to offset lower average outlays, over the 1964 figure of $480 million.
In
the
West
Indies
and
Caribbean
and U.S. travel spending fell. Expenditures were the same as in 1964 for region, the number of U.S. travelers 700
rose 27 percent to 890,000 last year.
Together with cruise travelers (who are
=Air Travel
Table 2.—Expenditures for Foreign Travel, not included in the total number of
600
by U.S. Residents, 1961-65
visitors), they spent a record $220
[Millions of dollars]
million in the region. As in 1964, the
(
son
change in the number of travelers was
1961 1962 1963 1964' 1965
1953
55
57
59
61
63
65
largest in Jamaica, where the increase
* New series
was considerably more than the area
Total
2,600 2,875 3,195 3,366 3,730
Note: Excludes transocean transportation
average, and in the Bahamas. Dollar
Transportation
865 990 1, 105 1,165 1,330
Foreign-flag carriers
720
expenditures, however, rose less sharply,
507 575 615 645
610
U.S.-flag carriers. ___ 358 415 490 520
with Jamaica and the Bahamas gaining
Expenditures abroad.
1,735 1,885 2,090 2,201 2,400
16 percent and 13 percent respectively. average of $520. Air fares were down
522
550
600
Canada
425
479
502
448
480
Mexico.
_-__
395
370
The rising trend of U.S. travel to very slightly from $490 to $488, but
Persons visiting
Mexican border
other
oversea areas reasserted itself sea fares rose by $5 to $665.
342
only _ - _ _
. 254 280 322 340
The length of stay of the average
last
year
after leveling off in 1964.
Oversea areas
940 1,011 1,120 1, 171 1,298
U.S.
traveler was 39 days, 2 days less
Dollar receipts from U.S. travelers were
Europe and Medithan
in
1964 (table 6). One reason for
864
terranean
755
800
618
652
up 18 percent to $145 million although
United Kingdom.... 105 113 119 130
142
average per capita spending was lower
125
124
127
France-.103
113
152
Italy
110
138
148
118
once
again. An increase of 23 perSwitzerland
55
53
44
56
46
cent
brought
the number of U.S. travel- Table 3.—U.S. Travelers to Oversea CounGermany
62
75
79
79
64
tries, by Means of Transportation
Austria
24
24
27
21
29
ers to other oversea areas to 200,000.
Denmark
23
23
21
19
18
[Thousands of travelers]
11
14
14
Sweden
13
13
More than three-quarters of all travel11
Norway
15
16
12
13
ers to the Pacific area visited Japan,
1961 1962 1963 1964 1965
24
Netherlands
21
22
17
17
Belgium-Luxemand
about
half
visited
Hong
Kong.
9
9
9
11
13
bourg
Total
1,575 1, 767 1,990 2,220 2,620
Spain. _
47
51
24
38
28
Japan and Hong Kong earned $60 milSea
237
268 280 318 277
17
n.a.
Portugal
_.
n.a.
n.a.
n.a.
lion
and
$18
million
respectively
from
Air
1 307 1 487 1,672 1 943 2 386
20
Ireland.. ._
12
15
20
16
Israel
31
22
25
25
19
U.S.
travelers
in
1965.
Europe and Mediterra31
Greece
_
17
26
26
16
r™"-£—•
U.S. Department of Commerce, Office of Business Economics
nean__
West Indies and
Central America
160
178
180
190
220
31
30
32
35
48
38
48
40
33
55
45
62
52
18
18
19
20
22
11
10
10
12
14
48
55
56
57
68
Other oversea areas
114
126
129
124
146
Japan
Hong Kong. _ _
Australia-New
Zealand
Other
46
50
52
54
60
Bermuda.. _.
Bahamas
Jamaica
Other British West
Indies...Netherlands West
Indies
South America
45
30
24
23
11
33
12
41
24
13
40
25
28
14
31
15
43
'Revised.
n.a.—Not available.
NOTE.—For coverage, see table 1.
Source: U.S. Department of Commerce, Office of Business
Economics.
Average European trip costs reduced
last year
U.S. travelers spent an average of
$1,120 for a trip to Europe last year,
about $40 less per person than in 1964
and a continuation of the downward
trend evident since 1956. Transatlantic fares accounted for a slightly higher
proportion of the total trip cost, 46
percent, as compared with 45 percent
in 1964. Fares averaged $510 per U.S.
traveler, only 2 percent below the 1964
Sea
Air
_ _ _. _
.
West Indies and Central
America
Sea..
Air
South America. ..
Sea
Air
_
Other
Sea
Air
_.
- - -
66-6-10
826
931 1,102 1,250
1,405
206
620
221
710
254 223
848 1,027
184
1,221
550
609
634
701
890
37
513
33
576
41
590
35
666
37
854
83
85
97
107
127
10
73
8
77
5
92
5
102
4
123
116
142
160
162
200
15
101
18
124
18
142
14
148
12
188
NOTE.—For coverage, see table 1; also excludes cruise
travelers, who numbered about 212,000 in 1961, 266,000 in
1962, and 322,000 in 1963, 295,000 in 1964, and 300,000 in 1965.
Source: U.S. Department of Commerce, Office of Business
Economics, based on data of U.S. Department of Justice,
Immigration and Naturalization Service.
SURVEY OF CUKEENT BUSINESS
June 1966
17
lays for travel within Europe and the hospitality of their friends and relatives
Mediterranean area. Lodging, food, may reduce their average daily outlays.
transportation within Europe, personal
purchases, and other expenses cost the U.S. oversea travelers pass 2^/2 million
average U.S. traveler $611 during his
mark
visit in Europe last year, about 4 percent less than in 1964. Per capita daily
The number of U.S. residents travTable 4.—Numbers and Expenditures of
expenditures
were not significantly dif- eling overseas in 1965 increased 18 perU.S. Residents Traveling in Europe and
the Mediterranean Area, Selected Coun- ferent from the previous year's.
cent to 2,620,000, as compared with the
tries, 1964-65
Average expenses of sea travelers to 1964 increase of about 12 percent. A
Europe, at $875, were 2 percent higher rise of almost one-fourth in the number
Number Total ex- Average
of travel- pendi- expendilast year, but those of air travelers, at of air travelers brought their total to
tures
tures
ers
(Million (Dollars)
(000)
$570, were 3 percent lower. Sea travdollars)
(Continued on page 43)
elers tend to stay abroad for longer
Europe and Mediterranean :
periods and spend more per trip but less
864
611
1,405
1965_r
637
800
1,250
1964
per day than air travelers. Part of the Table 7.—U.S. Receipts From Foreign VisiSea:
tors for Travel in the United States and
explanation for this phenomenon is that
875
184
166
1965
IQQfr __
Payments to U.S. Transocean Carriers,
857
195
223
many of the sea travelers are foreignAir:
1961-65
571
1,221
698
1965
[Millions of dollars]
born Americans who return to their
589
605
1,027
1964r
native lands for extended periods; the
United Kingdom:
1961 1962 1963 1964 1965
the shorter stay was the continued
availability of lower transocean fares
for 14- to 21-day trips. The shorter
length of stay contributed to the continuation of the decline in average out-
1965
1964
_ .
____—
France:
1965 _ _ _
1964
Italy:
1965
1964
_ _
Switzerland:
1965
—
1964
668
620
142
130
213
210
671
634
125
127
186
200
584
548
152
148
257
268
426
402
53
56
123
139
Germany:
1965
_
1964
490
473
79
79
162
167
Austria:
1965
1964
262
256
27
29
101
116
-
Denmark:
1965
__ _
1964
Sweden:
1965
„
1964
_
_ _
Norway:
1965
1964
193
189
23
23
118
122
109
104
14
14
127
125
97
88
16
15
160
170
Belgium-Luxembourg :
1965
1964
..
204
181
13
11
62
61
Netherlands:
1965
1964
292
275
24
22
83
80
Spain:
1965-1964
242
215
51
47
211
219
Portugal:
1965
1964
142
n.a.
17
n.a.
122
n.a.
Ireland:
1965
1964.
105
114
20
20
185
175
109
84
31
25
285
286
Israel:
1965
1964
Greece:
1965
1964
131
109
31
26
235
238
••—Revised.
n.a.—Not available.
NOTE.—For coverage see table 1: includes expenditures but
not the number nor the average expenditures of cruise travelers.
A breakdown of the data in this table between U.S.-born
and foreign-born travelers is available upon request from the
Balance of Payments Division.
Source: U.S. Department of Commerce, Office of Business
Econpmics, based on data of U.S. Department of Justice,
Immigration and Naturalization Service.
217-518 O-66-3
Table 5.—Percent Change in Total and
Average Expenditures of U.S. Residents
Traveling in Europe and the Mediterranean Area, 1964-65
Average
Total
expendi- expenditures
tures
8
—5
.
—15
15
0
—3
United Kingdom
France
Italy
Switzerland .
9
—2
3
—5
1
—7
-4
-12
—7
0
0
o
—3
-13
-3
2
Norway
Belgium-Luxembourg
Netherlands —
Spain
7
18
9
9
—6
2
4
-4
Ireland
Israel _
Greece
0
24
19
6
0
Europe and Mediterranean
Sea .
Air
__ _
•Germany
Austria
Denmark
Sweden
_.
. . ..-_ ..
. __.
Source: U.S. Department of Commerce, Office of Business
Economics.
Table 6.—Average Length of Stay of U.S.
Travelers in Europe and the Mediterranean Area, 1963-65
Total U.S. receipts from
'foreign visitors
995
991 1,052 1,245
110
113
118
150
165
885
878
934 1,095
1,212
449
200
392
217
372
232
448
250
490
265
236
269
330
397
457
93
30
105
37
113
40
160
55
184
62
West Indies,
Central and
South America
90
110
147
157
184
Other oversea
countries. ._ ..
Japan
53
13
54
12
70
20
80
25
89
26
Fares to U.S. carriers1 ._.
Spent by visitors in the
United States
Canada
Mexico
Total oversea
countries. Europe and
Mediterranean. _
United Kingdom..
1. Includes fares paid as part of a visit to and from the
United States only.
NOTE.—Includes expenditures of travelers for business
and pleasure, foreigners in transit through the United States,
and students; excludes expenditures by foreign government
personnel and foreign businessmen employed in the United
States.
Source: U.S. Department of Commerce, Office of Business
Economics.
Table 8.—Foreign Visitors to the United
States From Oversea Countries, 1964-65
[Thousands of travelers]
Total
(Days)
All travelers, total
Sea
Air
U.S. -born travelers, totalSea
Air
Foreign-born travelers, total
Sea
Air
_—
__
1963
1964
1965
45
41
39
67
38
67
36
70
34
44
39
36
55
36
59
35
63
32
55
49
49
88
42
80
41
84
42
NOTE.—For coverage, see table 1; also excludes cruise
travelers.
Source: U.S. Department of Commerce, Office of Business
Economics.
1,377
Oversea countries total:
1965
1964
Busi- Pleas- Tran- Stusit dent
ness ure
1,204
1,098
176
150
864
807
130
110
34
31
Europe and Mediterranean:
1965
1964
584
527
112
93
400
376
66
54
6
4
West Indies, Central
and South America:
1965
1964
450
414
25
21
375
346
37
35
13
12
Other oversea areas:
1965
1964
170
157
39
36
89
85
27
21
15
15
NOTE.—Excludes visitors from Canada and Mexico;
excludes foreign government personnel and foreign businessmen employed in the United States.
Source: U.S. Department of Justice, Immigration and
Naturalization Service.
by WALTHER LEDERER, SAMUEL PIZER, and EVELYN M. PARRISH
The U.S. Balance of International Payments: First Quarter 1966
J.HE balance of the international
payments of the United States measured on the liquidity basis—i.e., by
changes in U.S. official reserve assets
and in U.S. liabilities to all foreign
residents—was adverse by nearly $80
million in the first quarter of 1966.
Seasonal factors had a strong favorable
influence on the balance, and adjustment for them raises the adverse
balance by about $485 million.
The seasonally adjusted balance of
$563 million was more adverse than the
balance of about $350 million during
the fourth quarter of last year and the
average quarterly balance of $340 million for 1965 as a whole. However, it
was more favorable than the adverse
balance of nearly $700 million in the
first quarter of last year.
The balance measured on the basis
of official reserve transactions—consisting of changes in U.S. official reserve
assets and in liquid and certain nonliquid liabilities to foreign central banks
and other official organizations—was
adverse by about $245 million, after
seasonal adjustment. This was a very
substantial improvement over the adverse balance of $1.2 billion in the last
quarter of 1965, and it also compares
favorably with the average quarterly
balance of $325 million for 1965 as a
whole.
The principal difference between the
two balances in the first quarter of
this year was that after seasonal adjustment liquid liabilities to foreign
private residents increased while those
to foreign official organizations declined.
In the preceding quarter, these liabilities shifted in opposite directions.
U.S. official reserves declined during
the first quarter by $424 million, as
compared with $271 million in the
preceding quarter. Gold holdings fell
by $68 million, convertible currency
holdings by $222 million, and the U.S.
18
gold tranche position in the International Monetary Fund by $134 million.
Net gold sales were less than in the
preceding quarter, but the decline in
net sales was facilitated by a purchase
of $100 million from Canada.
Chart 11 shows the relationship
between the two measures of the
balance and the changes in reserve
assets since 1960.
Summary of Major
Developments
The major developments that
affected the international transactions
of the United States in the second
half of last year seem to have continued during the first quarter.
Effects of U.S. business activity
The rapid expansion in domestic
business activity and incomes contributed to the continuing sharp rise
in merchandise imports and certain
service expenditures. Merchandise imports reached a seasonally adjusted
annual rate of $24 billion in the first
quarter as compared with $22.7 billion
in the second half of 1965 and $21.5
billion for 1965 as a whole. During
March and April, they even exceeded
a $25 billion rate.
The domestic business expansion
also increased domestic capital requirements relative to funds available for
investments and thus contributed to a
further tightening of the domestic
money and capital markets. Although
the effects of these developments on
the balance of payments cannot be
separated from those of the various
Government programs to restrain capital outflows, it is reasonable to assume
that they-reinforced each other in
achieving that result.
After taking account of $185 million
borrowed abroad by U.S. corporations
to finance their foreign investments,
The tabular presentation of the
U.S. balance of payments has
been reorganized. In this work,
the Office of Business Economics
has benefited from the advice of
the Review Committee on Balance of Payments Statistics, the
Subcommittee on Economic Statistics of the Joint Economic
Committee of the Congress of the
United States, the Executive Committee of the Cabinet Committee
on Balance of Payments, and the
Technical Committee on Balance
of Payments Statistics chaired by
the U.S. Bureau of the Budget.
Professor Peter Kenen of Columbia University served as consultant to the Technical Committee.
To provide comparable back
data for an extensive period,
annual figures on the international
transactions of the United States
are presented in the new format
back to 1946 in table 1. The
area breakdown that used to be
part of this table is now shown
separately in table 8 for years
beginning with 1960.
As part of the regular June revisions, seasonal adjustments of
the quarterly data have been recomputed by extending through
1965 the period on which these
adjustments are based. The revised seasonally adjusted data are
presented for the years 1960 to
1965 in table 2. This table corresponds in format to table 1, which
contains the data prior to seasonal
adjustment. Other statistical revisions of data presented in earlier
issues of the SURVEY are, with a
few exceptions, limited to 1965.
SURVEY OF CURRENT BUSINESS
19
the net outflow of U.S. private capital payments to foreigners resulting from
during the first quarter was at an the rise in domestic interest rates,
annual rate of $2.8 billion, about the particularly on money market assets.
same as during the previous quarter,
The tight money market in the United
but about half of the average annual States may also have affected the disrate during 1964 or the first quarter of tribution of liquid dollar liabilities on
1965. The outflows in the last quarter the books of U.S. banks between those
of 1965 and the first quarter of this attributed to foreign official organizayear were affected by the postponement tions and those attributed to foreign
from the former to the latter period of commercial banks and other foreign
new issues of Canadian securities in private accounts. Part of the increase
U.S. markets. If the data on capital in foreign private accounts may repreflows are adjusted by shifting about sent dollar funds that otherwise would
$110 million—representing these post- have been sold to foreign official organiponed transactions less offsetting re- zations. Another part may represent
purchases of Canadian securities by the an increase in dollar funds deposited
Canadian Government-—back to the by foreign official organizations in
fourth quarter of last year, those for foreign commercial banks (including forthe first quarter would indicate an eign branches of U.S. banks), which
annual rate of outflow of only $2.4 would then become iJie holders of these
billion. Thus, the decline in net capital deposits in U.S. bants. However, there
outflows that took place during 1965 are also many other factors that affect
would appear to have continued through the distribution of foreign holdings of
the first 3 months of this year.
liquid dollar assets, such as official interThe low rate of outflows was due ventions in the forward exchange marmainly to a decline from last year in kets, frequently involving very large
foreign investments by U.S. corpora- amounts, and changes in confidence in
tions and to continued liquidations of the ability of foreign countries to mainforeign assets reported by U.S. banks.
tain the exchange value and the free
However, the favorable effects that convertibility of their currency. Exthe decline in capital outflows had on perience in recent periods has shown
the balance of payments were partly that changes in liquid dollar holdings
offset by a further increase in interest by foreign commercial banks and other
private residents can vary sharply from
quarter to quarter.
The rise of interest rates in the United
States was followed by a rise in discount
rates by the central banks of several of
the major foreign countries during the
second quarter. This would tend, to
reverse the direction of the first quarter
changes in the distribution of foreign
liquid dollar assets between official and
private accounts,
June 1966
Effects of foreign business developments
Changes in foreign business activity
affect primarily U.S. merchandise exports and income from direct investments abroad; they probably affect U.S.
imports and capital outflows also, but
to a lesser extent.
As compared with the earlier years
of the 1960's, the rise in business
activity during most of 1965 in the
industrially advanced foreign countries
other than Canada was relatively slow,
but it accelerated in some of these
countries in the latter part of the year
and in the first quarter of this year.
Merchandise exports generally reflected these changes. During the first
quarter, they were at a seasonally
adjusted annual rate of $28.5 billion,
more than $2 billion above the annual
1
CHART 11
U.S. Balance of International Payments
Billion $
Billion $
5
.
\.
.-
• ••
' .
'
;
5
Balance on dfficiai reserve,
' transactions basis , \ J
Change in U,S, official
;•'' 'reserve,;assets'--,:
-5
-5
i.
-10
I960
1961
'I' "•'.*'.
i , V •"•'.'}:.
1962
i.
:
I','•".':,i:'/' 'h'' "i ' ..V". i .':"T ; ' 'f' i A- .;.V
1963
1964
1965
i-10
1966
Quarterly, Seasonally Adjusted at Annual Rates
U.S. Department of Commerce. Office of Business Economics
Source: Tables
66-6-11
20
total of $26.3 billion in 1965. This
was a considerable acceleration over
the $1 billion rise from 1964 to 1965.
First quarter exports were approximately at the rate that could be expected on the basis of the relationships
between exports and foreign business
activity in prior years. Through that
period, at least, neither limitations of
productive capacity nor rising prices
in the United States apparently had a
measurable adverse effect on exports.
Investment income rose relatively
slowly last year, particularly in view of
the increase in the size of foreign investments and if allowance is made for
special dividend distributions during
the first half of the year. Incomes
from investments by the petroleum
industry were adversely affected by
lower petroleum prices and higher
taxes in the oil-producing countries.
During the first quarter, however, the
upward movement in investment incomes seems to have been resumed.
SURVEY OF CUEEENT BUSINESS
only on the volume of imports but also
on their prices.
Major erratic changes
The first quarter balance was also
influenced by changes in certain types
of transactions that are either temporary, self-reversing, or subject to major
CHART 12
Net Capital Outflow for U.S. Direct
Foreign Investments
Effect of rise in military expenditures
The $66 million rise in military
expenditures was another major factor
influencing the balance of payments.
The total during the first quarter,
according to reports that are still
preliminary, was about $835 million,
or $3.35 billion at an annual rate.
This was about $0.5 billion higher than
the average rate in 1964, before the
recent rise began.
The increase in total expenditures
since 1964 was slightly less than the
$0.6 billion rise in expenditures in the
area comprising all of Asia and Africa
(shown in table 8) as well as in Japan,
and may be attributed to the hostilities
in Vietnam. The figure above covers
only direct expenditures by the military
organizations and their personnel. It
does not cover the indirect effects on the
foreign transactions of the United
States, particularly imports that are
attributable to the increase in domestic
demand associated with the increase in
military orders and expenditures. It
may be noted, however, that the withdrawal of strategic materials from the
U.S. stockpile helped to dampen the
rise in imports, through its effect not
1964
1965
1966
-.2
2
&li^^
1964
1965
1966
Areas Not Seasonally Adjusted
U.S. Department of Commerce. Office of Business Economics
66-6-12
June 1966
erratic changes. The postponement of
$150 million of new issues of Canadian
securities from the fourth quarter of
1965 to the first quarter of this year
was mentioned earlier. In part, the
outflow of funds resulting from the
purchases of these securities was reduced through repurchases by the
Canadian Government of $40 million
of its own obligations that had been
sold to U.S. insurance companies in
1962 at the time of the Canadian
exchange difficulties. These securities
transactions increased U.S. net payments in the first quarter by $110
million. Net payments were also
raised by the liquidations by foreign
official organizations of $53 million of
nonconvertible, nonmarketable, medium-term Government securities.
On the positive side of the ledger
were net receipts of about $100 million
from long-term investments by foreign
official and international agencies. Advance receipts on military contracts,
including those from purchases by a
foreign central bank of special U.S.
Treasury bonds that will be paid off
through the transfer of funds to the
manufacturers of the military equipment, are estimated to have been
$70 million, but this was about $80
million less than in the fourth quarter
of last year.
The total of such transactions—initiated largely by the U.S. Government
or by foreign official agencies—was
less favorable to the U.S. balance of
payments than were similar transactions in the preceding quarter, and it is
this difference that accounts to a large
extent for the deterioration of the
(liquidity) balance in the first quarter.
The balance on transactions (particularly in goods and services and capital
flows) that are affected mainly by domestic and foreign business activity,
by the various programs to improve the
balance of payments, and by the ordinary operations under the foreign aid
programs had improved sufficiently to
offset the rise in military expenditures
abroad. However, this was accomplished by a continued decline in net
capital outflows to a rate that may not
be maintained, much less reduced
significantly.
June 1966
Merchandise Trade
In the first quarter of 1966, U.S.
exports and imports, adjusted to a
balance of payments basis, were at
record levels. Imports, however, advanced more strongly than exports and
the export surplus dropped to a seasonally adjusted annual rate of $4.5 billion.
This was below the export balances of
$4.8 billion in 1965 and $6.7 billion in
1964.
Exports
Exports rose by about 1 percent from
the fourth quarter of 1965 to a seasonally adjusted annual rate of $28.5 billion
in the first quarter. The first quarter
rate was about 8 percent above the 1965
total. This gain was well above the 4
percent rise from 1964 to 1965 and exceeded the . 7 percent annual average
growth rate of the preceding 10 years.
The increase from the fourth quarter
was concentrated in exports of nonagricultural goods to areas other than
Canada. Shipments to Canada, which
had comprised a large part of the gain
in exports in 1965, leveled off in the
first quarter. Agricultural exports,
which had risen in the second half of
last year, remained unchanged; those
under aid programs increased somewhat
while commercial exports fell off.
Agricultural exports in the first
quarter, after adjustment for seasonal
variations, were at an annual rate of
$6.7 billion, about the same amount as
in the two preceding quarters. During
the remainder of this year, exports of
wheat, other grains, and soybeans are
expected to continue to expand. Exports of cotton, which declined in the
first quarter, should recover after the
start of the new marketing year on
August 1, when the export price of U.S.
cotton will be free to adjust to the world
market prices, thus making U.S. cotton
more competitive in international trade.
Exports of most major nonagricultural commodities in the first quarter of
1966 were considerably above the 1965
quarterly average. Increases in machinery exports, after seasonal allowance, probably accounted for a large
part of the nonagricultural export rise
from the fourth quarter. New export
orders for machinery rose substantially
during 1965 and have remained at the
SURVEY OF CURRENT BUSINESS
high fourth quarter level during the
first 4 months of 1966. Since exports
generally lag about 6 months behind the
receipt of orders, a further expansion of
machinery exports above the first
quarter rate may be» expected.
The first quarter rise in total exports
was held down by the failure offseasonally adjusted) shipments of automobiles
and parts to increase. These had risen
sharply in the last quarter of 1965,
reflecting the implementation of the
U.S.-Canadian trads agreement for the
automotive industry. Although virtually unchanged in the first quarter of
this year, automotive exports remained
well above the 1965 quarterly average.
Agricultural exports are expected to
increase during the year, and there
should be an early resumption in the
upward trend in shipments to Canada,
in view of the continued expansion of
the Canadian economy. Improvements in industrial production in Japan
should also help to stimulate foreign
demand for U.S. goods. Business conditions in Western Europe, however,
remain mixed, and thus may not make
a major contribution to an expansion
of U.S. exports in the near future.
Imports
With domestic business activity expanding rapidly and capacity utilization pressing against optimum operating
rates, U.S. imports continued to grow
rapidly in the early months of this year.
Last year, imports rose by 15 percent,
as compared with an average rise of
about 6 percent in the preceding 10
years. It is true that 1965 imports
21
were increased by an extraordinary rise
in the demand for steel in anticipation
of a strike in the U.S. steel industry,
but this addition was partly offset
by exceptionally low imports of foodstuffs.
From 1964 to 1965, imports other
than foodstuffs increased about 18
percent, as compared with a rise in
GNP of 7.6 percent. The ratio of
these two percentage figures—which
approximately measures the income
elasticity of nonfood imports for that
period—was 2.3, or more than double
the 1.1 ratio for the 1960 to 1964
period (table A). (The omission of
the extraordinary imports of steel and
of automobile imports from Canada,
which increased sharply because of the
U.S.-Canadian automotive trade agreement, would lower the 1964-65 ratio
only slightly.) The ratio based on
changes from the average of 1965 to
the first quarter of 1966 was 2.2.
The slight drop from the ratio for the
1964-65 period seems to have been due
mainly to a slower rise in imports of
industrial materials relative to GNP—even after adjustment for last year's
extraordinary steel imports.
First quarter imports of industrial
supplies were affected by larger drawings on the Government stockpile and
a steep rise in foreign relative to
domestic prices for copper. The decline
in imports of primary copper was partly
offset by an increase in imports of
fabricated copper products. In view
of limited domestic supplies, a further
expansion in the domestic demand for
Table A.—Percentage Change in U.S. Imports and in Gross National Product
Batio of percentage change in imports to percentage change in GNP
Percentage change from
1965 quar1965 quarterly aver1960 to 1964
terly aver(annual
1964 to 1965 age to 1st 1960 to 1964 1964 to 1965 age to 1st
quarter
quarter
rate)
1966
1966
Gross national product. __
_ _ _ _
5.7
7.6
5.6
Imports:
Total i.
Foodstuffs and beverages - _
Other imports. _
Industrial supplies and materials
Excluding extraordinary steel imports. _
Conpnnier goods
Excluding automotive products from
Canada
_ _
Capital equipment
6.0
15.4
11.8
1.1
2.0
2.1
4.2
6.0
4.8
4.8
8.3
1.2
17.7
15.3
12.7
21.3
11.0
12.6
4.0
6.5
30.5
0,7
1.1
0.8
0.8
1.5
0.2
2.3
2.0
1.7
2.8
2.0
2.2
0.7
1.2
5.4
7.7
16.0
18.4
40.1
19.2
28.5
1.4
2.8
2.4
5.3
3.4
5.1
Total on balance of payments basis; commodity detail on Census basis.
22
SURVEY OF CURRENT BUSINESS
industrial materials could again accel- Private Capital Movements and
erate the rise in these imports relative
Income on Investments
to the rise in GNP.
In contrast to imports of industrial Direct investments
supplies and materials, the rate of
Capital outflows for direct investexpansion in imports of consumer goods ment abroad in the first quarter of this
rose relative to the rate of expansion year are now estimated at about $570
in GNP in the first quarter. If the million or a seasonally adjusted annual
sudden rise of imports of automobiles rate of $2.5 billion. This was signififrom Canada is omitted, the expansion cantly below the extremely high outfrom 1965 to the first quarter of 1966 flows—$3.8 billion at an annual rate—
was over 19 percent, or nearly 3% times for the period from September 1964
the rise in GNP. This represents a through mid-1965. The peak rates
considerable acceleration in imports of of that period reflected in part a
consumer goods relative to GNP as bunching of several very large transaccompared with the 1964-65 period, tions affecting Canada, Western
when imports grew nearly 2% times as Europe, and the Middle East oilfast as GNP, and is far in excess of the producing countries (chart 12). In
ratio over the 1960-64 period, when addition, some funds were probably
imports rose only \% times as fast as moved abroad in anticipation of changes
GNP.
in Government programs to restrain
The recent relative rise in consumer capital outflows.
Since the middle of 1965, the outflow
goods imports was not limited to a
narrow range of commodities but was has held fairly steady though the
rather widespread. Among the imports rate of investment exceeded that of
that had the largest rates of growth any year prior to 1965. In the first
were such diverse commodities as motor- quarter of this year, the outflow was
cycles, diamonds, watches, and tele- not significantly affected by large single
vision equipment. Automobile imports transactions, but some transactions of
(other than those from Canada) also this type are expected later this year.
The capital outflow for direct
increased sharply, even more than
domestic sales in 1965 and the first investment since mid-1965 was also
quarter of 1966, but some slowdown moderated by adherence to the President's program to improve the balance
occurred in April.
The relatively large rise in demand for of payments. While capital outlays
scheduled to rise sharply
imports applied also to capital equip- abroad are
1
this
year,
many
firms are arranging to
ment. In the 1960 to 1964 period,
finance
these
expenditures
by borrowing
the percentage increase in these imabroad.
A
recapitulation
of announced
ports was 2.8 times as large as the
long-term
borrowing
abroad
shows the
percentage rise in GNP. From 1964 to
following totals (in millions of dollars):
1965, the ratio nearly doubled, but
from the average of 1965 to the first
Through
Through
U.S.-in- foreign-inPeriod
Total
quarter of 1966, it fell slightly.
corporated corporated
affiliates
affiliates
The expansion in imports of foodstuffs from 1965 to the first quarter 1965:
2d quarter
63
63
20
3d quarter
14
34
of 1966 was twice as large as the rise
4th quarter
192
280
88
212
377
165
Total
in GNP, and a ratio of this size is not
1966:
likely to continue. On the other hand,
215
1st quarter - _
30
185
2d quarter (to June
the relative rise in imports of industrial
15)
___
20
138
113
materials may have been temporarily
reduced in the first quarter. All told,
The total of over $700 million
it appears that the rise in total imports includes some long-term loans arranged
early this year was about consistent with foreign banks, as well as publicly
with the change in domestic business
i SURVEY OF CURRENT BUSINESS, March 1966, p. 7.
activity.
June 1966
offered debt instruments of various
kinds. Also, it is somewhat larger
than the amounts actually received by
the borrowers since discounts and
commissions have not been deducted.
Out of the $397 million borrowed
through U.S.-incorporated affiliates up
to the end of March, it is believed
that approximately $100 million had
been transferred to foreign subsidiaries
by that date. This includes somewhat
less than $40 million transferred during
the first quarter. The difference between the amounts realized from borrowing and the amounts transferred
was retained by the U.S. corporations
in liquid assets abroad and is recorded
as a short-term capital outflow (table 1,
line 40). The disposition of the funds
borrowed through foreign-incorporated
affiliates is not currently known.
The net result of foreign borrowing
has been to reduce the need for U.S.
funds considerably. In the remainder
of the year, as the accumulated liquid
foreign assets of the U.S.-incorporated
affiliates are transferred to foreign
affiliates to finance their investments,
the capital outflow for direct investment will be increased, but this will be
offset by a corresponding reduction in
short-term investments, so that there
will be no net effect on the balance.
Notable features of first quarter
direct investments were the relatively
low figure for Western Europe, $230
million, and the sustained large outflow
to Canada, $210 million. The annual
flow to Europe in 1964 and 1965 was
$1.4 billion, and in view of the enlarged
investments projected for that area
by major firms in 1966, a somewhat
higher pace of outflows may be expected for the rest of the year. In the
case of Canada, a considerable number
of major projects that will probably
keep the outflow relatively high are in
progress. However, the outflow of
$0.9 billion to Canada in 1965 included
about $0.2 billion to refinance outstanding debt of foreign enterprises to
the United States; such transactions
are unlikely to recur in 1966. A
sizable part of the financing of Canadian affiliates is obtained by sales of
their bonds in U.S. capital markets.
June 1966
In 1965, such sales amounted to $219
million; they totaled about $70 million
in the first quarter of 1966, and a similar
amount may be sold in the second
quarter.
In contrast to the large capital
outflow to Middle East oil-producing
countries in early 1965, the flow in the
first quarter of 1966 was relatively
small. These capital movements are
quite irregular, and heavy tax or other
payments may result in larger outflows
later in the year.
Other private investments
Purchases of new foreign securities
offered in the United States were unusually high—$460 million—in the first
quarter of 1966. Even if $150 million
of delayed Canadian issues is deducted,
the annual rate of outflow would be
$1.2 billion. This is as high as the
average of the 1963-65 period. Canadian issues accounted for $413 million
of the first quarter total, and large
amounts of Canadian issues have already been sold or are scheduled for
sale in the second quarter. It appears
that Canadian issues in the U.S. market
in 1966 will considerably exceed the
$700 million annual average of 1963-65.
In contrast, sales by other countries
will be well under their 1963-65 average
of $470 million. This decline reflects
the application of the Interest Equalization Tax, from which Canadian issues
are exempt, to new issues of other
developed countries.
Redemptions of outstanding issues
by foreigners were unusually large in
the first quarter because of the advance
repurchase by the Canadian Government of $40 million of its bonds held
in the United States. This offset part
of the heavy new flow of funds to
Canada. Americans continued to reduce their holdings of foreign equity
securities.
Other private capital transactions
included a net accumulation of $160
million of short-term assets in Europe
by nonbanking concerns. This represents largely the proceeds of $185
million borrowed abroad by U.S.-incorporated firms, less the use of funds
borrowed in the same period or in
1965. Apparently there was very little
SURVEY OF CUB RENT BUSINESS
23
further repatriation of outstanding
short-term funds held abroad, in contrast to the net recorded inflow of
nearly $250 million in the first quarter
of 1965.
U.S. banks further reduced both their
long- and their short-term assets in the
first quarter. The reduction in shortterm assets by $137 million, after
seasonal adjustment, largely reflected
repayments by Colombia and Venezuela. Reductions in longer term loans
resulted primarily from repayments by
European countries, especially Italy,
and by Brazil and Venezuela. The
only sizable outflow of longer term
banking funds was to' Australia. At
the end of March, the banks' foreign
assets were about $700 million below
the limit suggested under guidelines
established by the Federal Reserve
System.
of other U.S. securities, the gain to
the U.S. balance of payments was
diminished.
Other foreign investments in the
United States were relatively minor in
the first quarter. Long-term deposits
with U.S. banks were raised by $50
million and foreigners increased their
short-term claims on U.S. commercial
concerns by about the same amount.
There were inflows on a similar scale in
both of these types of assets during 1965
but the timing was highly irregular.
Foreign investments in the
United States
Foreign transactions in U.S. securities in the first quarter of 1966 were
marked by a continuing net liquidation
of U.S equity securities, amounting to
$50 million for the quarter, offset by
purchases of U.S. bonds (other than
bonds of the U.S. Government) of $191
million. The foreign purchases of U.S.
bonds include nearly $185 million of
the issues of companies especially organized to finance direct foreign investments. In addition, $73 million were
purchased by international organizations. Other trading in U.S. bonds
resulted in a net liquidation of about
$65 million. This liquidation and a
similar but smaller net liquidation in
the fourth quarterof 1965 contrast with
a small net purchase balance (aside
from transactions related to the liquidation of British Government holdings
of U.S. securities) registered during
1964 and the first three quarters of
1965. Such a shift could be related
to market conditions abroad, where
yields were driven up by intense demands for funds. One important element in the market was the sale to
foreigners of the bonds of the newly
organized affiliates of U.S. companies;
to the extent the purchase of these
bonds was financed by the liquidation
Income on investments
Income received from direct foreign
investments was at an annual rate of
about $4.0 billion in the first quarter,
about the same as the total for 1965.
Dividend distributions, however, were
unusually large in the early part of 1965
because of changes in taxation and other
special reasons. These special distributions amounted to about $125 million.
There were no such unusual distributions this year. Without these special
distributions, income received in 1965
would have been about $3.8 billion, and
the first quarter 1966 rate would indicate a continued rise.
Data by industry are not yet available, but in 1965 some weakening in
petroleum income appeared offset by
higher income from other industries.
In the first quarter of 1966, income
continued to be relatively low in the
areas where petroleum production is
important and to rise gradually in other
areas. Income could ordinarily be
expected to rise as the investment base
grows, unless much larger amounts are
retained abroad for reinvestment. However, the petroleum industry is being
adversely affected by higher taxes and
intensified competition, and manufacturing and other enterprises may also
be experiencing reduced profit rates.
Income on private investments other
than direct made further gains in the
first quarter. This reflected partly the
growing holdings of foreign bonds, but
to an even greater extent, it reflected
rising interest rates. Income payments
by the United States are also rising,
primarily because of the higher interest
rates on time deposits and U.S. Government obligations.
SURVEY OF CUREENT BUSINESS
24
June 1966
Table 1.—U.S. International Transactions—Annual,
[Millions of dollars]
(Credits +; debits -)
Line
1946
1 Exports of goods and services
2
Excluding transfers under military grants
3
4
5
6
Merchandise adjusted excluding military *
Transfers under military sales contracts
Transfers under military grants net
Transportation
7
g
9
10
Travel
:
Fees and royalties from direct investments
Other private services
-- -Other U S Government services
11
12
13
Income on U.S. investments
abroad:
Direct investments 2
Other private assets
U S Government assets
14
-
-
'•
-- - -- --
Imports of goods and services
-
Merchandise adjusted excluding military *
Military expenditures
Transportation
- -
18
19
20
Travel
Private payments for other services
U S Government payments for other services
21
22
Income on foreign investments
in the United States
Private payments 2
U S Government payments
--
25
26
Unilateral transfers, net; transfers to foreigners ( — )
Excluding military grants
Private remittances
Military grants of goods and services
Other U.S. Government grants 1
U S Government pensions and other transfers
.
_ _ _ _ _ _
-_
37
38
Claims reported by U.S. banks:
Long-term
Short-term
17,237
16, 789
15, 981
15, 770
14, 327
13,807
20, 183
18 744
20 574
17 992
21 123
16 947
11,707
n.s.s.
69
1, 383
16 015
n.s.s.
13, 193
n.s.s.
12, 149
n.s.s.
10 117
1,317
1, 238
1,033
13 319
n ss
2 582
1, 488
12 281
1,738
14 123
n ss
1, 439
1,556
271
64
407
131
364
77
371
70
334
83
422
100
392
100
364
132
419
126
387
132
473
129
429
152
550
130
471
206
574
128
491
173
589
162
21
869
167
66
1,064
1,112
1, 294
1,492
1 419
1 442
97
448
174
102
211
185
98
n.s.s
520
190
109
192
198
205
204
192
4 176
1 198
216
252
-10,349
-9,«21
— 12,028
-15,073
— 15 766
— 16 561
-7,563
-799
-646
-6,879
—621
-700
—9, 108
-576
-818
-11,202
-1,270
-974
—10 838
—2,054
— 1, 115
—10 990
—2, 615
—1,081
-462
-190
-102
-573
--195
-178
-631
-219
-211
-700
— 153
—235
-754
— 153
—250
—757
—202
-254
—840
—221
—277
—929
—245
— 240
-197
-229
-263
-308
—25
—338
—31
-367
—47
—357
—64
—375
—80
-16
-17
7,813
7,744
11,626
11,529
6,888
6,440
6,360
6,149
2, 299
1,779
5,110
3 671
4,808
2 226
4,562
386
-2,991
-2,922
-2,722
-2,625
-4,973
-4,525
-5,849
-5,638
—4,537
—4,017
—4, 954
—3, 515
—5 113
—2 531
—6 657
—2 481
-673
25
-682
-97
-1,897
-46
-697
-448
-3,894
66
—532
-211
—4, 997
—109
-454
-520
-3, 484
—409
-1,439
-3, 035
—71
—443
—2, 582
-1,960
—128
—503
—4, 176
—1,837
—141
4,822
8,904
1,915
511
—2,238
156
—305
-2, 095
—413
-987
—906
—553
—1,265
—1,048
-1,160
-230
-749
-396
-721
—150
—660
—118
103
42
—621
—254
301
—322
—508
—491
113
25
—852
—286
66
133
—735
—270
138
223
-69
-2, 274
.
-
19,834
19 737
-8,208
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and
26)3
__
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
1953
-5,979
-455
-583
32 Transactions in U.S. private assets, net; increase in assets (— )
33
34
35
36
1952
14,804
14,735
-15
-
1951
-6,991
-
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14) -
1950
1949
-5,073
-493
-459
-
-
23
24
31
-- -- - -
--
15
16
17
27
28
29
30
-
1948
1947
—85
308
_-
-131
295
137
62
—7
—79
-383
l
35
-
—87
39
-314
—124
—135
—29
182
—177
—112
—14
—75
—36
—87
115
146
—43
—37
—70
-28
—91
—7
—21
21
1
Claims reported by U.S. residents other than banks:
Long-term
Short-term
N.A.
-
4
2
-65
-13
19
—78
5
41 Transactions in U.S. Government assets, excluding official reserve assets, net;
-3,019
-4,224
-1,024
-652
-156
-156
-420
-218
—3. 343
-4, 405
—113
-1, 555
88
—684
—173
—414
—37
—458
—3
—847
—2
-716
294
86
443
205
295
305
429
487
-623
-3,315
—1,736
—266
1, 758
—33
—415
1, 256
-623
—2, 162
-1, 530
—164
1,743
—53
—379
1,161
-1J53
-206
—102
15
20
—36
95
-985
-1,327
558
174
1,912
581
1,673
1,074
—4
—338
(*)
10
-100
4
34
-192
56
90
132
158
-5
1
-12
6
-10
-24
—11
-33
-5
36
—11
35
-4
44
(*)
-14
-68
39
40
- -
increase in assets. (—)
42
43
Loans and other long- term assets *
Foreign currencies and other short-term assets * _
44
45
Eepay ments on credits :
Scheduled
Nonscheduled
__
238
|
1
46 Transactions in U.S. official reserve assets, net ; increase in assets (— ) _
47
48
49
50
Gold 4
Convertible currencies
Gold tranche position in IMF 4
.
__
Q«
__
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
11
52
53
Direct investments 2
U.S. corporate securities
_
__
Long-term liabilities reported by U.S. banks
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term..
.
Short-term
.
56
57
Liabilities 1 of U.S. Government, excluding marketable or convertible securities:
Associated with specific transactions _^__
.__.___
Other nonmarketable, nonconvertible, medium-term securities
-269
-340
—165
-42
77
300
—158
58
59
U.S. Government marketable or convertible bonds and notes1*
Deposits and money market paper held in the United States
n.a.
—370
n.a.
—895
n.a.
n.a.
941
790
—659
700
302
-82
130
1,319
1, 010
218
949
1, 193
786
-11
500
627
366
51
60
Errors and omissions, net
n.s.s. Not shown separately,
n.a. Not available.
_
.
_
_
Preliminary.
*Less than $500,000(±).
__
_.
—4
919
74
(*)
80
(*)
-7
(*)
126
37
1
70
(*)
1. Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5;
for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.
SURVEY OF CURRENT BUSINESS
June 1966
25
1946-65; Quarterly, 1960-65 and First Quarter 1966
[Millions of dollars]
1954
1956
1955
1959
1958
1957
1960
1961
1962
1963
1964
Line
1965
21, 121
17,759
22,392
19,804
26,162
23,595
28,899
26,481
25,353
23,067
25,463
23,489
29,009
27; 244
30,040
28,575
31,817
30,278
33,821
32,339
38,288
36,958
40,621
,38,993
1
2
12,799
182
3, 362
1,171
14,280
200
2, 588
1,406
17,379
161
2, 567
1, 617
19,390
375
2,418
1,967
16,264
300
2,286
1,638
16,295
302
1,974
1,646
19,489
335
1,765
1,752
19, 954
402
1,465
1,805
20,604
656
1,539
1,964
22, 071
657
1,482
2,115
25,297
747
* 1, 330
2,324
26,276
844
» 1, 628
2,415
3
4
5
6
654
158
539
123"
705
229
-..— 720"
122
785
238
772
137
825
246
808
141
902
348
810
143
875
403
887
153
885
463
9,51
174
878
580
967
204
934
660
1,013
235
1, 095
756
1,084
263
1,212
909
1,152
284
7
8
9
10
2,249
363
205
2,121
417
307
2,228
466
349
2,355
646
349
2,768
793
380
3, 050
904
471
3, 134
1,022
498
3,670
1,262
460
3,961
1,428
512
11
12
13
595
136
499
150 ._^ -
1,912
258
274
1,725
230
272
2,171
297
194
-15,931
-17,795
-19,628
-20,752
-20,861
-23,342
-23,198
-22,954
-25, 148
-26,442
-28,468
-32,036
14
-10, 354
-2, 642
-1,026
-11, 527
-2, 901
-1,204
-12, 804
-2, 949
-1,408
-13, 291
-3,216
-1, 569
-12, 952
-3,435
-1,636
-15,310
-3, 107
-1,759
-14, 732
-3/069
-1,915
-14, 510
-2, 981
-1, 943
-16,187
-3, 083
-2, 128
-16, 992
-2, 936
-2,316
-18,621
-2,834
-2, 462
-21, 488
-2, 881
-2, 691
15
16
17
-1, 009
-258
-222
-1, 153
-304
-217
-1, 275
-389
-235
-1,372
-384
-281
-1,460
-427
-282
-1, 610
-427
-301
-1,732
^-438
-313
-1, 735
-445
-406
-1,885
-411
-398
-2,090
-390
-447
-2, 201
-414
-532
-2,400
-384
-546
18
19
20
-361
-59
-395
-94
-414
-154
-438
-201
-530
-139
-547
-281
-667
-332
-656
-278
-717
-339
-871
-400
-952
-452
-1,158
-488
21
22
5,190
1,828
4,597
2,009
6,534
3,967
8,147
5,729
4,492
2,206
2, 121
147
5,811
4,046
7,086
5,621
6,669
5,130
7,379
5,897
9,820
8,490
8,585
6,957
23
24
-5,642
-2,280
-5,086
-2,498
-4,990
-2,423
-4,763
-2,345
-4,647
-2,361
-4,422
-2,448
-4,127
-2,362
-4,051
-2,586
-4,215
-2,676
-4,266
-2,784
p-4,095
-2,765
»-4,422
-2,794
25
26
-504
-3,362
-1,647
-129
-456
-2,588
-1,901
-141
-555
-2,567
-1, 733
-135
-570
-2,418
-1, 616
-159
-563
-2, 286
-1, 616
-182
-599
-1,974
-1,633
-216
-484
-1,765
-1,664
-214
-497
-1,465
-1,854
-235
-512
-1, 539
-1,919
-245
-605
-1,482
-1,917
-262
-600
p-1,330
-1,886
-279
-628
P- 1,628
-1,800
-366
27
28
29
30
-452
-489
1,544
3,384
-155
-2,301
1,684
3,035
2,454
3,113
5,725
4, 163
31
-1,622
-1,255
-3,071
-3,577
-2,936
-2,375
-3,885
-4,180
-3,425
-4,456
-6,523
-3,690
32
-667
-309
124
-21
-823
-128
190
-42
-1,951
-453
174
-142
-2,442
-597
179
-52
-1,181
-955
85
-380
-1, 372
-624
95
-139
-1, 674
-555
201
-309
-1,599
-523
148
-387
-1,654
-1,076
203
-96
-1,976
-1,250
195
-49
-2,416
-1,063
193
193
-3.371
-1, 206
222
226
33
34
35
36
-102
-488
-226
-162
-166
-386
-349
-256
-152
-351
-181
-57
-155
-995
-136
-1, 125
-127
-324
-754
-781
-941
-1,523
-231
325
37
38
-12
-147
-35
-29
-16
-131
-40
-20
-42
40
-77
-20
-45
-353
-127
-431
-131
-220
163
-4
-343
-623
-91
436
39
40
93
-310
-629
-958
-971
—353
-1,105
-926
-1,094
-1,664
-1,674
-1,575
41
-306
-108
-383
-343
-545
-563
-993
-624
-1,176
-339
-1, 051
-356
-1,213
-528
-1,939
-261
-2,129
-245
-2, 187
-447
-2,358
-19
-2,493
16
42
43
507
416
479
659
f -v
620
544 I
' 434
583
53
578
696
599
681
644
326
580
123
681
221
44
45
480
182
41
-869
-1,165
2,292
1,035
298
-306
-798
2, 275
1,075
2,143
1,702
182
141
-563
-367
17
-40
1,310
1,357
2,457
1,132
1,259
124
141
1
197
181
232
323
-2
155
237
9
98
12
-79
40
62
-2
94
-14
-40
8
1,053
529
531
191
515
8
-25
(*)
(*)
606
1,533
378
46
441
890
17
626
461
—113
30
171
125
—220
266
1,222
857
—116
-135
1,665
—349
-94
47
48
49
3;571
2,104
2,471
1,691
2,981
3,312
309
50
238
449
-1
141
282
6
73
324
-5
132
134
5
-5
282
62
-5
-84
237
71
-443
186
51
52
53
-17
106
23
12
1
-90
55
175
1
-115
-13
-23
-39
113
19
146
54
55
52
7
15
26
85
613
251
442
—56
486
—23
204
—7
56
57
-135
1,977
-52
639
31
1,042
686
2,149
127
1,611
513
1,251
-728
1,398
1,374
918
37
2,590
47
86
58
59
568
1, 184
511
423
-941
-1,006
-1,159
-352
-1,011
-429
60
0
-8
2. Excludes undistributed profits of subsidiaries.
3. Numerically equal to net foreign investment in U.S. national income and product
accounts.
4. Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
Source: U.S. Department of Commerce, Office of Business Economics.
26
SURVEY OF CURRENT BUSINESS
June 1966
Table 1.—U.S. International Transactions-—Annual,
[Millions of dollars]
Line
I
1 Exports of goods and services
2
Excluding transfers under military grants
3
4
5
6
Merchandise, adjusted, excluding military
Transfers under military sales contracts
Transfers under military grants, net
Transportation.. __ _
__ _
Travel
Fees and royalties from direct investments
Other private services
Other U.S. Government services
11
12
13
Income on U.S. investments
abroad:
Direct investments 2
Other private assets
•__'
U.S Government assets
14
__
1
7
8
9
10
Imports of goods and services
__
II
__
_
Merchandise, adjusted, excluding military 1
Military expenditures
Transportation
_
18
19
20
Travel
_
Private payments for other services
_ _ _
U.S. Government payments for other services
21
22
Income on foreign investments
in the United States:
Private payments 2
U.S. Government payments
_ _ _ _ _
__
I
IV
III
II
IV
III
6 781
6 338
7 564
6 942
6 925
6 643
7 739
7 321
7,268
6 944
7,626
7 083
7,041
6 794
8,105
7 754
4 623
5 015
4 699
70
282
453
5 152
85
418
432
5,023
71
324
416
4,928
150
543
464
4,681
88
247
456
5,322
93
351
469
172
84
222
36
234
90
219
36
288
98
225
43
181
131
221
38
173
101
230
42
245
103
241
43
283
114
228
44
184
145
252
45
518
147
60
564
156
57
520
160
87
753
183
145
640
184
64
621
197
91
643
196
61
864
216
164
58
443
418
15
16
17
196 1
196 0
(Credits +; debits -)
122
622
449
—5 744
—6 045
—6 Oil
—5 398
-5,285
—5,637
-6,086
-5,946
—3 833
—775
-427
—3 860
—764
—530
—3 553
—797
—538
—3 486
—733
-420
—3, 401
-780
-414
—3, 461
-776
-546
-3, 687
-701
-545
-3, 961
-724
-438
—277
—100
—466
—102
—70
—663
—118
—110
—326
—118
—69
—272
—102
—88
—450
—103
-77
-665
-117
-150
-123
-91
—167
—101
—167
—155
—77
—178
—68
—159
—69
—159
—65
—153
-68
—185
-76
—64
—86
23
24
Balance on goods and services (lines 1 and 14)_ _
Excluding transfers under military grants (lines 2 and 14)
1,037
1 519
897
914
632
2,341
1 923
1,983
1 659
1,989
1,446
955
708
2, 159
1,808
25
26
Unilateral transfers, net; transfers to foreigners (—)
Excluding military grants
—987
—544
—1 208
—586
—871
—589
—1,061
—643
-987
—663
-1,206
—663
-839
-592
-1,019
-668
—107
—443
—381
119
—622
—418
—119
—282
—417
—139
—418
—448
—56
—121
—324
—480
—62
—117
—543
—486
—60
—123
—247
—413
-56
—136
-351
-475
-57
50
311
43
1,280
996
783
116
1,140
__
—658
—737
—947
—1 543
—1,011
-992
-680
-1,497
_
—305
—296
—312
—111
—329
—110
—105
—728
—95
46
—71
—458
—107
41
—69
-334
-187
29
—88
-365
-91
40
-73
-442
-138
38
—157
—104
—66
—37
—419
—72
—435
82
—356
-34
—159
—15
—13
—169
-597
—5
12
—12
—144
2
—63
—30
—158
—31
—113
-2
—217
-45
—118
-49
17
-230
-390
-145
-340
-383
414
-467
-490
—238
—141
—353
—150
—234
—95
—388
—142
—409
—77
—309
—103
-537
-14
-684
-67
132
17
108
5
160
24
183
7
98
5
192
634
78
6
210
51
160
175
739
1 069
371
—320
-213
768
50
94
637
921
110
81
102
148
371
—25
25
—170
-161
11
146
124
-483
510
-54
312
684
834
499
87
158
473
1,153
687
59
53
5
1
—11
—10
3
21
104
31
152
—1
-5
3
-3
26
65
-I
—5
—7
—1
—26
-3
77
-3
79
26
-13
35
32
27
-1
-32
20
98
27
28
29
30
Private remittances
Military grants of goods and services
Other U.S. Government grants l
_ „
U.S. Government pensions and other transfers __
594
^
—56
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and 26) 8_
32
Transactions in U.S. private assets, net; increase in assets (— )
33
34
35
36
Direct investments 2 __
__ _
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
37
38
Claims reported by U.S. banks:i
Long-term
Short-term
_
39
40
Claims reported by U.S. residents other than banks:l
Long-term.
_
_
Short-term _
41
10
Loans and other long-term assets 1 _
__ _
Foreign currencies and other short-term assets *
44
45
Repayments on credits:
Scheduled
Nonscheduled
46
47
48
49
50
..
Transactions in U.S. Government assets, excluding official reserve assets, net;
increase in assets (— ).
43
42
53
—23
_ _ _ _ _ _
_ _
Transactions in U.S. official reserve assets, net; increase in assets (— )
Gold 4
Convertible currencies
Gold tranche position in IMF
4
_
-
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+)
—49
55
—53
—53
47
—27
52
53
Direct investments 2
U.S. corporate securities
Long-term liabilities reported by U S banks
170
1
117
1
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
4
—4
3
—53
56
57
Liabilities of U.S. Government, excluding marketable or convertible securities: '1
Associated with specific transactions
_
Other nonmarketable nonconvertible medium-term securities
-65
54
10
58
59
U.S. Government marketable or convertible bonds and notes l _
Deposits and money market paper held in the United States L_
124
414
56
597
-185
627
132
-27
206
-246
-94
341
203
922
198
234
-6
-193
—189
-553
-131
-358
91
-608
51
60
40
Errors and omissions, net
n.s.s. Not shown separately,
n.a. Not available.
9 Preliminary.
"Less than $500,000 (±).
(*)
1. Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5;
for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.
27
SURVEY OF CUERENT BUSINESS
June 1966
1946-65; Quarterly, 1960-65 and First Quarter 1966—Continued
[Millions of dollars]
1? 62
I
II
7,492
7,102
8,550
7,924
5,015
96
390
465
1964
1963
III
1966 »
19 55
Line
I
IV
IV
I
II
III
IV
I
II
III
IV
I
II
7,429
7,211
8,346
8,041
7,789
7,342
8,996
8,321
7,797
7,663
9,239
9,013
9,233
8,935
9,727
9,203
9,000
8,785
10,328
10,034
8,969
8,597
11,032
10,367
9,700
9,428
10,920
10,601
n.a.
10,131
1
2
5,463
228
626
493
4,920
127
218
501
5,206
205
305
505
4,974
166
447
454
5,718
243
675
552
5,223
103
134
561
6,156
145
226
548
6,15?
193
297
533
6,309
186
524
584
5, 936
162
»215
609
6,895
201
P294
593
5,615
200
»372
508
7,032
229
*665
638
6,331
199
*272
631
7,298
216
»319
638
7,033
194
n.a.
615
3
4
5
6
187
121
237
46
260
143
236
50
264
146
236
54
167
170
258
54
185
153
251
56
264
151
251
59
288
152
250
58
197
204
261
62
223
171
267
60
303
171
276
65
334
181
266
65
235
230
275
73
232
202
286
68
340
206
287
71
370
224
287
73
270
277
292
72
260
220
294
71
7
8
9
10
644
219
72
701
224
126
647
225
91
1,058
236
182
782
233
88
717
258
108
666
253
109
969
278
193
932
291
96
880
315
114
802
309
121
1,056
347
129
1,036
344
106
1,060
369
135
849
343
121
1,016
372
150
957
374
113
11
12
13
-6,626
-7,066
-6,765
-6,533
-7,112
-7,463
-7,360
-6,809
-8,183
-8,521
-8,523
-8,480
14
-4,588
-725
-690
-4, 653
-686
-676
-5, 031
-683
-563
-4, 597
-664
-559
-5,488
-701
-766
-5,487
-745
-722
-5,916
-771
-644
-5,900
-837
-643
15
16
17
III
-5,891
-6,367
-6,517
-6,373
-5,985
-3,941
-765
-457
-4, 086
-760
-598
-3, 967
-755
-562
-4,193
-803
-511
-3,928
-757
-502
-4, 227
-741
-628
-4,316
-719
-645
-4, 521
-719
-541
-4,349
-740
-533
-286
-103
-82
-496
-96
-74
-730
-107
-143
-373
-105
-99
-316
-92
-95
-543
-96
-92
-823
-103
-157
-408
-99
-103
-339
-S7
-133
-569
-101
-99
-849
-107
-165
-444
-109
-135
-398
-102
-112
-619
-95
-117
-919
-93
-171
-464
-94
-146
-430
-95
-137
18
19
20
-177
-80
-173
-84
-167
-86
-200
-89
-204
-91
-204
-95
-199
-104
-264
-110
-231
-in
-230
-110
-218
-109
-273
-122
-255
-122
-280
-117
-266
-118
-357
-131
-300
-138
21
22
1,601
1,211
2, 183
1,557
912
694
1,973
1,668
1,804
1,357
2,370
1,695
731
597
2,474
2,248
2,7CO
2,403
2,615
2,091
* 1,537 *>2,968
1,322
2,674
*2,160
1,788
*2,849
2, 184
*> 1, 179
907
"2,397
2,078
n.a.
1,651
23
24
-1,115
-725
-1,278
-652
-827
-609
-995
-690
-1,111
-664
-1,391
-716
-809
-675
-955
-729
-9*1
-6*4
-1,268
-744
-857
-642
-989
-695
-1,035
-663
-1,461
-796
-938
-666
-988
-669
n.a.
-854
25
26
-120
-390
-537
-68
-126
-626
-467
-59
-121
-218
-430
-58
-145
-305
-485
-60
-148
-447
-447
-69
-150
-675
-500
-66
-146
-134
-466
-63
-161
-226
-504
-64
-144
-2£>7
-473
-f.7
-145
-524
-533
-66
-143
p -215
-427
-72
-168
» -294
-453
-74
-153
P -372
-437
-73
-153
P -665
-510
-133
-152
p -272
-431
-83
-170
P -319
-422
-77
-157
n.a.
-615
-82
27
28
29
30
680
1,979
1, 125
1,388
241
797
31
-1,188
-2,485
-1,537
-524
-424
-1,205
-822
32
-566
-455
113
21
33
34
35
36
486
905
85
978
693
979
-78
1,519
1,719
1,347
-1,023
-673
-521
-1,208
-1,062
-1,717
-276
-1,401
-1,21>3
-1,557
-235
-170
66
-91
-476
-312
36
-33
-342
-133
45
(*)
-601
-461
56
28
-582
-486
43
-79
-525
-513
50
-72
-162
-166
52
15
-707
-85
50
87
-416
-1517
{14
{14
-610
-284
38
40
-475
-71
38
35
-915
-581
63
24
-1,148
-302
55
49
-936
-329
52
130
-419
-304
42
53
-868
-271
73
-6
-119
-254
-36
159
5
106
23
-335
27
77
-177
-402
-116
74
-488
-530
-248
-4(15
-72
-531
-239
84
-382
-671
-461
23
201
176
-41
260
70
-134
128
139
37
38
-66
-154
-23
12
-40
-162
-2
84
-47
-15
50
-128
2
25
158
114
-i!6
-219
-58
-80
-271
-289
12
-35
6
241
-6
188
-20
5
-71
2
-42
-160
39
40
-397
-446
25
-276
-462
-721
-68
-413
-an
-462
-392
-559
-336
-582
-225
-432
-302
41
-479
-48
-507
-151
-486
-75
-657
29
-558
-50
-620
-266
-441
-31
-568
-100
-55!2
(18
-697
73
-604
22
-535
-182
-648
150
-689
-64
-500
-116
-656
46
-571
86
42
43
129
1
154
58
109
477
207
145
121
25
131
34
163
241
229
26
141
1)2
129
33
159
31
151
7
152
10
166
5
208
183
155
23
180
3
44
45
1,409
427
-164
881
389
32
124
227
-5
-i»l
303
70
-151
842
68
41
271
424
46
304
-114
237
116
-324
44
446
104
331
24
351
14
111
-33
-46
116
6
2
196
-28
59
38
-58
15
46
-2J!8
1JS1
-73
258
118
-20
-45
135
172
-205
-118
832
-58
68
590
-56
-466
124
-413
330
119
178
-26
68
222
134
47
48
49
359
526
-27
833
749
1,301
502
429
-116
387
1,120
1,861
-332
-388
714
315
-107
50
41
145
(*)
77
6
-1
6
-23
4
8
6
2
-5
14
3
47
114
33
40
51
12
-87
103
14
-42
:L7
29
14
52
-27
-30
14
-24
-26
135
90
35
152
-91
-256
43
41
-235
-51
31
13
42
29
142
50
51
52
53
7
-23
-16
-50
3
12
7
-54
-6
-30
4
65
-6
17
-5
-75
-5
5
19
-29
65
-5
24
8
-5
-5
68
10
39
6
44
20
46
54
55
142
24
159
288
251
95
5
-19
—10
69
—50
297
_1
1,56
— 50
-54
—2
176
/*\
v/
208
29
45
111
_1
-55
103
—6
5
—53
56
57
-282
329
-214
700
-193
5
-39
364
478
195
393
674
390
-21
113
70
-2
-171
46
283
8
943
-15
1,535
-39
-618
78
-335
156
809
-14g
230
-546
200
58
59
148
-148
-443
-716
50
34
-307
-129
-58
-18
-290
-645
238
38
-347
-358
10
60
518
2. Excludes undistributed profits of subsidiaries.
3. Numerically equal to net foreign investment in U.S. national income and product
accounts.
(*)
4. Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
28
June
Table 2.—U.S. International Transactions—Quarterly
[Millions of dollars]
196 0
(Credits +; debits -)
Line
I
1 ExDorts of floods &nd services
2
Excluding transfers under military grants
3
4
K
6
Merchandise adjusted excluding military
Transfers under military sales contracts
Transfers under military grants net
Transportation
-
Travel
Fees and royalties from direct investments
Other private services.
'
Other U S Government services
11
12
13
Income on U.S. investments
abroad:
Direct investments 2
- -Other private assets
U S Government assets
-
Merchandise adjusted, excluding military J _ _
Military expenditures
Transportation
18
19
20
Travel
_
_ __
Private payments for other services
U S Government payments for other services
21
22
Income on foreign investments in the United States:
Private payments ^
U S Government payments
-
__
Unilateral transfers net; transfers to foreigners ( — )
Excluding military grants
-
-
32
Transactions in U S private assets net; increase in assets ( — )
33
34
35
36
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
_
_
Other transactions in foreign securities
37
38
Claims reported by U.S. banks: *
Long-term
Short-term
__
39
40
Claims reported by U.S. residents other than banks: 1
Long-term
Short-term
__
41
Loans and other long-term assets *
Foreign currencies and other short-term assets *
44
45
Repayments on credits:
Scheduled
Nonscheduled
46
47
48
49
50
__
-
Gold 4
_
Convertible currencies
Gold tranche position in IMF 4
_—
4 882
122
622
436
4 948
70
282
443
4 994
85
418
434
5 061
71
324
440
4 765
150
543
451
4 993
88
247
445
5 135
93
351
469
213
89
220
36
216
95
220
36
226
103
227
43
220
116
220
38
214
106
230
42
222
109
242
43
224
120
233
44
225
128
246
45
573
151
87
594
153
87
571
166
87
617
176
88
695
188
94
654
193
120
718
202
70
701
210
96
5 937
5 968
5 814
5 479
—5 493
—5 539
—5 911
—6 Oil
3 804
3 g4Q
764
479
—3 663
797
486
—3 425
__733
—469
—3 388
780
—468
—3 408
776
—493
—3 831
701
—493
—3 883
—724
—489
108
74
—442
108
79
—432
111
—80
—427
— 111
—80
—424
110
—98
—425
— 109
— 101
—434
— 111
— 106
—452
— 115
— 101
163
101
170
86
168
—77
—166
—68
—156
—69
—162
—65
—167
—68
—171
—76
1 037
594
1 495
873
1 352
1 070
1 927
1 509
1 972
1 648
1 953
1 410
1 473
1 226
1 688
1 337
976
—533
1 201
579
917
—635
—1 033
—615
—977
—653
—1 196
—653
—888
-641
—990
—639
—110
443
367
56
122
622
408
49
125
282
457
—53
—127
418
432
—56
—124
324
467
—62
—120
543
473
—60
—128
247
—457
—56
— 125
—351
—457
— 57
61
294
435
894
995
757
585
698
747
593
1 229
1 316
1 097
842
1 009
— 1 232
351
267
53
23
253
66
55
110
431
113
47
105
—639
109
46
71
—507
—90
41
69
—274
—130
29
88
—480
—158
40
—73
—338
—145
38
—157
—33
— 102
—52
—72
—31
— 553
—39
—268
46
-351
—27
-204
-26
—177
-129
-393
-5
-19
—12
-83
2
-45
—30
-206
—31
-136
-2
-146
-45
-90
-49
-59
-212
-327
-147
-419
-376
486
-477
-559
—386
-465
—346
—544
—504
—365
—576
—755
157
17
133
5
175
24
118
7
123
5
217
634
93
6
145
51
160
175
739
1,069
371
—320
-213
768
50
94
637
921
110
81
102
148
371
—25
25
-170
-161
11
146
124
-483
510
-54
312
876
714
421
93
407
362
1,028
674
40
170
1
59
117
1
53
—11
—10
3
21
104
31
152
4
4
-53
-51
Tlft
716
[•
_
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
_ __
6
58
443
439
_
5
5
5
5
4 665
Transactions in U S official reserve assets, net; increase in assets ( — )
Direct investments 2
-_ _
_
U S corporate securities
Long-term liabilities reported by U.S. banks
5
5
7 699
7 34g
_
52
53
51
7 384
7 137
Transactions in U.S. Government assets, excluding official reserve assets,
net; increase in assets (— ).
43
42
7 492
6 949
Private remittances
-- _ _ _ _ _
IMilitary grants of goods and services
Other U S Government grants *
U S Government pensions and other transfers
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and
26).3
__
__
Liabilities ofl U.S. Government, excluding marketable or convertible se
curities:
Associated with specific transactions __
U.S. Government marketable or convertible bonds and notesl *•
Deposits and money market paper held in the United States
Errors a n d omissions, n e t
___
_
_
\
}
_
v Preliminary.
n.a. Not available.
*Less than $500,000 (±).
1. Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5;
for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.
IV
7 4g5
7 141
-
31
III
7 406
6 988
-
25
26
II
7 166
6 884
—431
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14)
I
IV
7 463
6 841
775
481
23
24
III
6 974
6 531
-
ntports of goods and services
15
16
17
27
28
29
30
_
1
7
g
9
10
14
-
II
1961
-138
K
1
(*)
e
—c
26
65
-1
3
-5
—1
-26
—i
77
79
26
-13
35
32
68
24
-15
13
-18
34
56
519
350
153
QSfi
4fi1
-263
-219
-321
86
-349
-300
-443
2. Excludes undistributed profits of subsidiaries.
3. Numerically equal to net foreign investment in U.S. national income and product
accounts.
SURVEY OF CURRENT BUSINESS
June 1966
29
Seasonally Adjusted, 1960-65 and First Quarter 1966
[Millions oJ dollars]
1964
1963
1962
I
II
III
IV
7,681
7,291
8,353
7,727
7,867
7,649
7,916
7,611
5,035
96
390
494
5,239
228
626
479
5,293
127
218
488
230
126
238
46
230
151
238
50
695
222
109
750
219
143
-6,152
1965
II
III
IV
I
II
III
IV
7,984
7,537
8,778
8,103
8,269
8,135
8,790
8,564
9,40J»
9, 112;
9,525
9,001
9,523
9,308
9,831
9,537
9,148
8,776
5,037
205
305
503
5,004
166
447
486
5,485
243
675
537
5,633
103
134
548
5,949
145
226
544
6, 156
198
297
577
6,092
186
524
567
6,389
162
"215
593
6,660
201
"294
587
212
154
243
54
206
149
248
54
227
160
251
56
231
161
251
59
234
161
250
58
242
178
261
62
271
181
267
60
263
183
276
65
274
191
266
65
741
232
105
864
231
114
828
236
123
760
252
124
761
262
125
785
272
126
976
294
132
929
307
133
I
-
•
I
II
1966
Line
IP
III
IV
10,801
10, 136
10,288
10,016
10,384
10,065
n.a.
10,416
1
2
5,625
200
"372
546
6, 798
229
"665
620
6,826
199
"272
617
7,027
216
"319
632
7,121
194
n.a.
662
3
4
5
6
287
201
275
73
282
208
286
68
295
220
287
71
305
239
287
73
330
242
292
72
316
226
294
71
7
8
9
10
915
320
133
850
341
62
1,074
348
139
1,112
•358
146
964
357
149
811
365
78
1, 004
379
149
11
12
13
-6,293
-6,313
-6,390
-6,382
-6,548
-6,728
-6,784
-6,85C>
-7,032
-7, 196
-7,390
-7, 164
-8,087
-8,245
-8,540
-8,908
14
-3, 958 -4, 070
-760
-765
-536
-517.
-4, 100
-755
-509
-4,059
-803
-566
-4, 058
-757
-570
-4, 218
-741
-562
-4, 344
-719
-587
-4, 372
-719
-597
-4, 38£<
-74C
-60S
-4, 579
-725
-617
-4, 752
-686
-617
-4, 901
-683
-620
-4, 656
-664
-638
-5, 481
-701
-686
-5,595
-745
-661
-5, 756
-771
-706
-6, 003
-837
-734
15
16
17
-451
-110
-96
-470
-101
-96
-478
-102
-101
-486
-98
-105
-501
-92
-111
-516
-96
-111
-541
-103
-112
-532
-99
-113
-53£.
-97
-142
-536
-101
-130
-555
-107
-130
-575
-109
-130
-597
-102
-134
-586
-95
-134
-603
-93
-137
-614
-94
-141
-647
-95
-157
18
19
20
-175
-80
-176
-84
-182
-86
-184
-89
-202
-91
-209
-95
-218
-104
-242
-110
-228
-111
-234
-110
-240
-109
-250
-122
-251
-122
-287
-117
-293
-118
-327
-131
-297
-138
21
22
1,529
1, 139
2,060
1,434
1,554
1,336
1,526
1,221
1,602
1,155
2,230
1,555
1,541
1,407
2,006
1,780
2,55S
2,262
2,493
1,969
2,327
2,112
2,441
2,147
1,984
1,612
2,714
2,049
2,043
1,771
1,844
1,525
n.a.
1,508
23
24
-1,111
-721
-1,259
-633
-878
-660
-967
-662
-1,115
-668
-1,362
-687
-861
-727
-928
-702
-98C
-683
-1,241
-717
"-909
-694
"-965
-671
"-1,034
-662
"- 1,433
-768
"-991
-719
"-964
-645
n.a.
-858
25
26
-122
-390
-531
-68
-128
-626
-446
-59
-128
-218
-474
-58
-134
-305
-468
-60
-150
-447
. -449
-69
-153
-675
-468
-66
-153
-134
-511
-63
-149
-226
-489
-64
-Ut
-297
-471
-67
-147
-524
-504
-66
-152
p-215
-470
-72
-156
"-294
-441
-74
-154
"-372
-435
-73
-155
"-665
-480
-133
-161
P-272
-475
-83
-158
"-319
-410
-77
-157
n.a.
-619
-82
27
28
29
30
418
801
676
559
487
868
680
1,078
1,578
1,252
1,418
1,476
950
1,281
1,052
880
650
31
-1,103
-508
-894
-920
-1,131
-1,549
-670
-1,106
-1,36C
-1,385
-1,589
-2, 189
-1,605
-346
-827
-912
-888
32
-287
-163
66
-91
-411
-244
36
-33
-473
-203
45
(*)
-483
-466
56
28
-640
-485
43
-79
-454
-435
50
-72
-304
-241
52
15
-578
-89
50
87
-47£
-13C
94
-536
-201
38
40
-622
-147
38
35
-779
-585
63
24
-1,212
-306
55
49
-859
-244
52
130
-569
-380
42
53
-731
-276
73
-6
-630
-459
113
21
33
34
35
36
-148
-247
-38
113
-12
-84
71
-106
10
84
-194
-447
-134
-129
-436
-289
-25*.
-402
-99
-569
-257
-124
-327
-428
-468
21
169
144
-58
51
126
109
123
137
37
38
-66
-167
-23
92
-40
-127
o
-18
-47
-17
50
-47
2
69
158
-9
-26.
-212
-58
0
-271
-241
12
-169
6
250
-6
268
-20
54
-71
-136
-42
-151
39
40
-411
-356
18
-345
-476
-608
-94
-486
-291
-350
-415
-618
-367
-469
-268
-471
-336
41
-561
-593
-588
-632
-659
-802
-498
-675
-50£
-544
-607
-721
-554
-661
-642
-620
-544 If
42
43
149
1
179
58
129
477
142
145
158
25
160
34
163
241
163
26
162
52
161
33
161
31
96
7
177
10
187
5
191
183
126
23
205
3
44
45
54:
-
427
-164
881
389
32
124
227
-5
-51
303
70
-151
842
68
41
271
424
46
304
-114
237
116
-324
44
446
104
331
24
351
14
111
-33
-46
116
6
2
196
-28
59
38
-58
15
46
-228
. 131
-73
258
118
-20
-45
135
172
-205
-118
832
-58
68
590
-56
-466
124
-413
330
119
178
-26
68
222
134
47
48
49
723
476
-263
755
1,265
1,249
109
358
418
332
719
1,842
180
-425
242
312
378
50
41
145
(*)
77
6
-1
6
-23
4
8
6
2
-5
14
3
47
114
33
40
51
12
-87
103
14
17
-42
36
29
14
52
-27
-30
14
-24
-26
135
90
35
152
-91
-256
43
41
-235
-51
31
13
42
29
142
50
51
52
53
7
-23
-16
-50
3
12
7
-6
-30
4
65
-6
17
-5
-75
E^
19
-29
65
-5
24
8
-5
-5
68
10
39
6
44
20
46
54
55
156
38
173
246
251
98
5
6
—10
72
—50
266
1
15S
— 5C
-29
—2
179
(*\
\)
177
29
45
111
1
-55
(*\
\)
103
—6
5
—53
56
57
397
422
-438
289
1, 186
990
-27
143
29£
249
547
1,532
-145
-294
493
79
-54
-249
-418
-438
-177
-84
-252
161
-29C
-152
-203
-360
0
-109
-240
-80
4. Reflects $259 million payment of gold portion of increased U.S. subscription to IMF in
the second quarter of 1965.
(*)
Source: U.S. Department of Commerce, Office of Business Economics.
f 58
139 \
59
-228
60
SURVEY OF CURRENT BUSINESS
30
June 1966
Table 3.—U.S. Balance of Payments and Reserve Position—Annual Balances, 1946-65;
[Millions of dollars]
1946
Line
1947
1948
1949
1950
1951
1952
1954
1953
1955
1956
1959
1958
1957
1960
1962
1961
1964
1963
1965
Balance on liquidity basis—meassured by increase in U.S. official
reserve assets and decrease in
liquid liabilities to all foreigners :
1
Seasonally adjusted; decrease
in net assets (— ).
2
Less seasonal adjustment _
3
Before seasonal adjustment
(lines 4 and 8, with sign
reversed).
4
U.S. official reserve assets (table -623 -3, 315 -1,736 -266
1 line 46); increase (-).
1,758 -33
-415
1,256
5
6
7
Gold i
—623 —2, 162 — 1, 530 — 164
Convertible currencies
IMF gold tranche position i_
-1,153 -206 -102
1 743 —53
8
9
10
11
12
993
4,210
817
136 -3,489
-8 -1,206 -2, 184 -1,541 -1,242 -973
578 -3,365 -3,870 -3,881 -2,370 -2,203 -2,670 -2,798 -1,355
.....
993
Liquid liabilities to all for- -370
eigners (table 1, lines 58 and
59); decrease (— ).
To official agencies
n.a.
To commercial banks 2 _
n.a.
To other foreign residents n.a.
and unallocated 3.
To international and re- n.a.
gional organizations.
4,210
-895
817
919
136 -3,489
130
-8 -1,206 -2, 184 -1,541 -1,242 -973
480
578 -3,365 -3,870 -3,881 -2,370 -2,203 -2,670 -2,798 -1,355
182 -869 -1,165
2,292
1,035
2,143
606
1,533
378
461
171
1,222
125
-220
1,665
-349
266
-94
—379
1, 161
41 —306
—798
2,275
1,075
1,702
857
20
-36
95
182
141 -563
-367
17
-40
441
-116
-135
890
17
626
-113
15
1,731
41
1,621
928
1,061
1,060 1,842
587
1,073
2,835
1,738
1,764
670
2,292
2,627
133
n.a.
n.a.
n.a.
n.a. n.a.
n.a.
n.a.
1,449
457
681 v
586 -138
140
90
1,673
48
1,073
1,454
345
-17
116
306
337
211
-236
-245
-272
298
30
n.a.
n.a.
n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. n.a.
n.a. 498
n.a. n.a.
32
— 59
n.a.
n.a.
n.a.
n.a. n.a.
n.a.
n.a.
n.a.
1, 158
n.a.
n.a.
n.a. n.a.
n.a. n.a.
n.a.
n.a.
n.a.
n.a. n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a. n.a.
n.a.
n.a.
n.a. -3,402 -1,347 -2,706 -2,044 -1,546 -1,302
n.a.
n.a.
n.a. n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a. -3,402 -1,347 -2,706 -2,044 -1,546 -1,302
1,758 -33
-415
1,256
480
182 -869 -1, 165
2,292
1,035
2,143
606
1,533
1,259
741
919
1
410
428
60
140
-188
407
470
385
Balance on official reserve transactions basis— measured by increase in U.S. official reserve
assets and decrease in liquid and
certain no illiquid liabilities to
foreign official agencies:
13
Seasonally adjusted; decrease
in net assets (— ).
14
Less seasonal adjustment
15
Before seasonal adjustment
(lines 16 through 18, with sign
reversed).
16
U.S. official reserve assets -623 -3, 315 -1,736 -266
(line 4); increase (-).
17
Liquid liabilities to foreign
official agencies
(portion
of line 9 4); decrease (— ).
n.a.
n.a.
n.a. n.a.
n.a. n.a.
n.a.
n.a.
n.a.
n.a. n.a
n.a
n.a.
n.a
18
Certain nonliquid liabilities to foreign official agencies; decrease (— ).
n.a.
n.a.
n.a.
n.a. n.a.
n.a
n.a
n.a
n.a. n.a
n.a
n.a
n.a
19
Liabilities of U.S. private residents (table
1, portions of lines 53
through 55).
n.a
n.a.
n.a. n.a.
n.a. n.a.
n.a
n.a
n.a
n.a
n.a
n.a
n.a
n.a
20
Liabilities of U,S. Gov- n.a
ernment (table 1, portions of lines 56 and 57) .
n.a
n.a. n.a.
n.a. n.a
n.a
n.a
n.a
n.a
n.a
n.a
n.a
n.a
p Preliminary.
n.a. Not available.
1. Keflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
254
254
378
1,673
171
1,073
1,222
-17
7
30?
97
9
148
-41
—16
154
138
2. Includes deposits of foreign branches of U.S. banks and of foreign commercial banks,
associated with their U.S.-dollar denominated liabilities to foreign official agencies,
SURVEY OF CURRENT BUSINESS
June 1966
31
Quarterly Balances, 1960-65 and First Quarter 1966; and Position at March 31, 1966
[Millions of dollars]
1960
I
II
III
I
IV
II
—876 —694 — 1,089 — 1,222 —566
-178
134
92
-48 —235
-698 -828 -1,181 -1,174 -331
160
175
50
1962
1£ 61
III
125
139
371 -320 -213
94
637
921
110
81
102
148
146
371 -170
—25 — 161 124
11 -483
25
538
653
442
105
-40
102
450
-95
325
146
32
488
39
-96
81
150
11
-389
147
219
247 1,125
534
44 -318
-495 -21
460
-29 -115
76
-409 -453 -1,015 -1,525 -864
23 -441
-20 -600 -1,234 -1,548 -423
160
175
739
1,069
-140
425
495
479
—29 —350
64
29
900
84
60
81
774 -454
158
261
—443
—678 — 1,218 — 1,114 —200 —138 —248 —552
250
36
-714
II
—513
III
77
396
40 —472
-705 -1,191 -596 -178
t -51
472
3 -485
2
-353 -78
3
119
178
-26
68
222
134
13,738
559
729
5
6
7
329
951 1,520 -657 -257
965
82 -346
28, 786
8
215
93
46
389
588
114
869 -860 -107
517 164 -206
128 104 82
253
697
72
697 -833
-539 408
48 112
15, 372
7,827
4,171
9
10
11
-49
-13 -109 -86 -25
-140
6 -65 -26
-57
-124 -33
1,416
12
—935 — 1,057 — 1,081
—871
—92 —144 —326
-231
—692
184
673
1,067
369
183 -173
55 -653 462
63
447 -250
69
40 276
270
-212
-140
378
-123
-36
276
386
76
926
81
109
320
-24
86
151 -400
27 256
114 57
-106
106
-65
768
37
189 -1,006
124
—413
330
325
371 -320 -213
1
172 832 590
—205 —58 —56
-118 68 -466
-188
22 —539
-350 -563
4
486
-803 —428 —286
-534
15, 026
111
33
-46
-2
-12 —512
226
424
24
351
14
213
404
IV
271
446
104
331
245
—617 —1381 —697
III
II
41
510 304 116
—54 —114 —324
312 237
44
47
80
I
IV
III
68
32
432
II
224 -632 -1,021 -1,369 -185
389
351
62
124
227
116
196
6 —28
2
59
471
303
70
38 46 -73
—58 —228 258
15 131 118
-20
45
135
37 —629
-151
842
—845 -618
238
-36 -659
184
508
215
450
—681
—809
41
54
-151
842
68
41
126
14
-33 -625
15
-272 -1,125
380
271
424
15, 026
16
697 -833
15,372
17
881
389
32
124
227
f -51
303
70
577
385
495
276
926
320
151 -400
215
389
869 -860 -107
253
—I
20
235
81
5
—76
—17 —34
23
222
91 —23 —15
—22
157
29
676
18
25
44
15
64 —21 —28
-20
28
47
163
19
17 —59 —21
207
_2
—2
129 -18
513
20
427 -164
57 -538
13
236 -1,158 -245
111 —412 — 1,286 — 1 119 —389 — 1 055 —471 — 129 485 —541
9
1
20
235
May include U.S. Government bonds and notes held by foreign commercial banks.
IV
881
-825
928
I
IV
427 -164
768
616 -715
52 -296
I
III
73 -912 -1,200 -474 -322 -693
1,069
52
II
198 —773 — 1,229 —824 —258
739
95
I
IV
Amounts
1966 outstandLine
31,
I* March
1966
]L965
1<)64
196 3
81
4
76
27
13
4. Excludes changes in Treasury liabilities to certain foreign military agencies during
1960-62, which are included in line 9.
SURVEY OF CURRENT BUSINESS
32
June 1966
Table 4.—U.S. Merchandise Trade—Annual, 1960-65; Quarterly, 1964-65 and First Quarter 1966
[Millions of dollars]
1964
Line
960
962
961
1963
964
1964
965
I
1 Merchandise exports, adjusted
(table 1, line 3)
2
3
4
5
6
Plus merchandise exports, other
than military grant shipments
excluded from line
1 but included
in Census data - 1
Less merchandise exports included
in line 1 but
excluded from
Census data 2
Less miscellaneous and special
adjustments to Census data
incorporated in line 1, net 3
Equals: Merchandise exports,
Census basis, including reexports, excluding military grant
shipments
Plus military grant shipments
recorded in Census data.
7
Equals: Merchandise exports,
Census basis, including reexports and military grant shipments
8
9
10
Agricultural goods
Nonagricultural goods
Excluding military grant
shipments
11
Merchandise imports,
(table 1 line 15)
12
Plus merchandise imports excluded from line4 11 but included
in Census data
Less merchandise imports included
in line 11 but
excluded from
Census data 5
_ __
Less miscellaneous and special
adjustments to Census data
in3
corporated in line 11 net
13
14
15
adjusted
9,489 9,954 0,604 2,071 5,297 6,276
29
III
III
157
309
936
895 ,615
032 6,331 7,298
124
127
116
98
125
130
145
96
127
149
111
145
218
123
45
29
40
104
36
29
25
33
39
1
3
51
9,629 0,188 0,973 2,427 5,671 6,567 ,185
949
810
727
920
818
779
241
Vi
III
Ii
Ii
IV
III
IP
033 ,156 ,092 ,389 ,660 ,625 ,798 6,826 7,027 7,121
86
13 -10 -13 -129
II
I
498
84
1966
1965
IP
IV
453
84
414 ,036 ,036 ,593 ,128 6,436 7,410 ,090 6,173 ,185 ,479 ,789 ,568 ,870 6,912 7,106 7,178
206
203
168
226
247
146
160
158
0,578 0,998 1,700 3,347 6,489 7,346 ,426 ,620 ,239 ,204 5 819 ,375 6,596 7,556 7,248
4,832 5,024 5,034 5,584 6,347 6,229 ,590 ,511 ,393 ,853 232 ,618 1,492 1,887 1,649 1,617 1,501 1,568 1,655 1,257 1,602 1,678 1,689 1,682
5,746 5,974 6,666 7,763 0,142 1,117 ,836 ,109 4,846 ,351 4 587 ,757 5,104 5,669 5,599
4,797 5,164 5,939 6,843 9,324 0,338 ,595 ,903 ,643 5,183 4,361 5,510 4,944 5, 523 5 441 4, 556 4,684 4 911 5,134 4 311 5,268 5 234 5,417 5, 496
4,732 4,510 6,187 6,992 8,621 1,488 ,349 ,588 4,653 5,031 4 597 5,488 5,487 5,916 5,900 4,389 4 579 4,752 4,90 4,656 5,481 5,595 5,756 6,003
482
394
384
341
248
174
72
66
53
5
51
49
37
37
80
126
125
150
157
176
204
44
42
41
4
3
5
4
6
62
70
65
41
38
32
-23
92
Equals: Merchandise imports,
Census basis (general imports) . _ 5,018 14,714 16,380 17, 138 8,684 21,366 4,372 4,608 4,665 5,03 4,60 5,48 75,14
Industrial supplies and' materials
- 7,59 7,39
Iron and steel
_ __
42
508
Petroleum
1,548 1,67
Other
5,53 5,29
24
25
26
27
28
Ii
512
17
23
VI
531
Food and beverages.-
21
22
III
386
16
18
19
20
II
268
11 -139
Seasonally adjusted
966
1965
3,209 3,259 3, 514 3,659 3,78
3,82
920
888 1,08
75
7
2
6, 12 5,89 4,395 4,53 4,745 4,89 4,65 5,45 75,234 75,944 6,001
1,21 1,04
90
92
921
99
78
97
926 1,118 1,062
96
89
8,198 8,445 9,15 10,56 2,180 2,280 2,32 2,37 2,37 2,79
538
692
82 1,26
22
180 210 20
23
37
494 464 48
54
1,81 1,83 1,91 2,09
47
53
5,84 5,922 6,42 7,19 1 50 1 60 1,63 1,67 1,59 1,88
2,57
34
47
1,75
2,82 2,73 2,16 2,23 2,35 2,38 2,36 2,73 2, 609 2,832 2, 747
312
25
343
268
204 23
35
19
19
24
30
546
532
494
50
54
502 47
45
56
47
54
1,97 1,91 1,51 1,56 1,65 1,67 1,604 1,83 1,772 1,974 1,947
1,26 1,26
75
85
87
89
89 1,03
97
22
1,03
31
94
13
62
15
69
14
72
16
72
12
76
17
86
156
820
284
212
967 1,057
50
41
2
6
24
20
25
21
29
25j
29
25
30
25
37
30
38
32J
3
3
31
4!
4
5
6
457
36
10
82
491
397
25
69
35
31
31
30
32
30
33
33
35
360
96 1,31
1,23
1,27
1,117
890
Consumer goods (nonfood)
Passenger cars, new and
used
- __ _
Other
_- _
2,45
2,20
2,70
2,89
3,38
4,11
71
81
90
95
84
99
1,01
54
1,91
31
1,88
43
2,27
46
2,42
59
2,79
66
3,44
14
57
15
65
11
78
17
78
14
70
17
81
12
88
Capital equipment
Machinery and parts
Trucks and buses
Other
All other, including uranium,
and unclassified
60
51
3
72
55
1
15
79
65
1
12
86
75
2
9
1,09 1,52
92 1,24
1
2
25
15
25
21
27
22
27
22
29
24?
32
26
39
32
35
29
£
4
3
4
4
6
6:
45
364
1
8
1,15
1,13
1,17
1,27
1,26
1,33
32
32
28
32
31
34
31
36
Balance on merchandise trade,
adjusted (line 1 less line 11)
4,75
5,44
4,41
5,07
6,67
4,78 1,80 1,72 1,28 1,86 1,01 1,54
84
1,38 1,13 1,76 1,51 1,63 1,75
1,179 1,341
Memorandum items:
30
31
Merchandise exports, adjusted
excluding those financec
by U.S. Government grants
and capital outflows (line
1 less line A .28 of table 5) 8 __ 17,59 17,74 18,27 19,35 22,49 23,50 5,51 5,56 5,24 6,17 5,04 6,17
Balance on merchandise trade
adjusted, excluding exports
financed by U.S. Govern
ment grants and capital out
flows (line 829 less line A. 28
2,85 3,23 2,08 2,35 3,87 2,02 1,16
59 1,14
of table 5)
97
44
69
p1 Preliminary.
n.a. Not available.
Exports and imports in the fourth quarter of 1964 and the first two quarters of 1965 were
distorted
by
the
longshoremen's
strike in the first quarter of 1965.
2
.Consists mainly of exports of military equipment under Defense Department sales contracts with foreign governments to the extent that such exports are included in the Census
data. Also includes exports of domestically owned goods into storage abroad (e.g., U.S.
grain stored in Canada); exports to the Panama Canal Zone; and exports of exposed motion
picture
film for rental rather than sale.
3
Includes exports of domestically owned goods out of storage abroad (e.g., U.S. grain
sold from storage in Canada); exports of electrical energy; exports of nonmonetary gold and
silver, and net sales of gold by U.S. private residents to the U.S. monetary gold stock;
personal remittances in kind (gift parcels sent through the mail); and transfers, financed
under nonmilitary aid programs, of goods to recipient countries from Defense Department
stocks
located abroad.
4
Includes valuation adjustments for goods considered to be underpriced or overpriced
in Census data; timing adjustments for goods recorded in the Census data in one period but
known to have been shipped in another period; and coverage adjustments for special situations
in which shipments are omitted from the Census data.
5, 65
16
6,63 6,27
n.a
n.a
n.a
n.a
n.a
n.a
n.a
n.a
n.a.
37
n.a
n.a
n.a
n.a
n.a
n.a
n.a
n.a
n.a.
71
5
Consists mainly of Defense Department and other imports which duplicate in whole
or in part purchases (e.g., of nuclear materials) included in table 1, line 16 (Military expenditures) . Also includes imports of domestically owned goods returned from storage abroad
(e.g., grain from storage in Canada); imports from the Panama Canal Zone; and foreign
charges
for repair of U.S. vessels.
'
,
6
Includes imports of electrical energy; and imports of nonmonetary gold and silver, and
net7 purchases of gold by the U.S. private residents from the U.S. monetary gold stock.
Imports in the third and fourth quarters of 1965 were distorted by the U.S. seamen s
strike and by changes in Customs Bureau procedures for verifying and handling import
documents. An adjustment for these factors is included in lines 11 and 14 of the table, but
could
not be carried into the commodity detail.
8
The entries in this line reflect only an approximate measure of merchandise exports not
financed by Government grants and capital outflows since Government financing of exports
may not coincide with actual shipments.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CUKKENT BUSINESS
June 1966
33
Table 5.—Major U.S. Government Transactions—Annual, 1960-65; Quarterly, 1965 and First Quarter 1966
[Millions of dollars]
Line
1960
1961
1962
1963
1965
1964
Total
A. 1
la
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
3.
1
la
2
3
4
5
6
7
8
9
10
11
3.
U.S. Government grants (excluding military)N and capital outflows, total (table!,
lines 29, 42, and 43, with sign reversed) _ _
_. _
_
Seasonally adjusted
By category:
Grants, net _ _ _ _ _
Credits repayable i n foreign currencies
_ __ _ _ _ _ _ _ _ _ _ _ .
Other foreign currency assets (excluding administrative cash holdings), net.
Receipts from—
Sales of agricultural commodities. __
_ _ _ __• _ _ __ __
Interest
.
___ _
__
Repayments of principal
Reverse grants. _ _ _ _ _ _ _ _
_ _ _ _ _ _ _
Other sources
_
_
__ __ _.
Less disbursements for —
Grants in the recipient's currency_ _
_
_ _ _
Credits in the recipient's currency
Other grants and credits
Other U.S. Government expenditures
__ _
Capital subscriptions to international and regional organizations
Credits repayable in dollars
Other long-term assets, net__ _ _ _ _ _ _ _ _ _ _
O ther short-term assets (including changes in administrative cash holdings) ,
net.
By program :
Under farm product disposal programs
Under Foreign Assistance Acts and related programs
_ _ _ ...
Under Export-Import Bank Act
Subscriptions to international and regional organizations, excluding IMF. .
Other assistance programs
___ _ _ _ _ _ _ __ __ __ __ __
Other foreign currency assets acquired (lines A. 6, A. 7, and A. 9)
Less foreign currencies used by U.S. Government other than for grants or
credits (line A. 13)
_ ____
..
Advances under Exchange Stabilization Fund agreements, net
Other (including changes in administrative cash holdings), net
By disposition:^
Estimated transactions involving no direct dollar outflow from the United
States
Expenditures on U.S. merchandise
Expenditures o n U.S. services.
_ _
__
_
_ _ _
Military sales contracts financed by credits (including short-term, net)2
(line B.4)
U.S. Government credits to repay prior U.S. Government credits 3
U.S. Government credits to repay prior U.S. private credits
Increase in claims on U.S. Government associated with Government
grants and capital outflows (including changes in retained accounts)
(line B.7)
Estimated dollar payments to foreign countries and international and
regional organizations through U.S. Government grants and capital
outflows
_ _ _ _ _ _ _ _ _ _
_
__ _ '
_ _ _ _ _
U.S. Government liabilities associated with specific transactions (table 1, line 56);
net increase (+)-- -- - _ _ _ _
_
__ ___
Seasonally adjusted
Associated with military sales contracts 4
Defense and Treasury Departments receipts from foreign governments
(including .'principal repayments to Defense Department), net of refunds;.
Plus sales contracts financed by U.S. Government credits 5 (line A. 30)
Less Defense Department receipts from principal repayments. _
_._
Less transfers of goods and services (including transfers financed by credits]
(table 1, line 4)
12
Associated with U.S. Government grants and capital outflows (line A.33)
Non-interest-bearing securities issued to IDA _
Non-interest-bearing securities issued to IDB
Non-interest-bearing securities issued to UN for special programs
Foreign funds retained in U.S. Government accounts for purchases in tho
United States
Other
13
14
15
Associated with other specific transactions
_ _ _ _
_ _ _
___
Purchase of Columbia River downstream power rights
U.S. Government nonmilitary sales and miscellaneous operations _ _ __ ....
1
2
3
Foreign holdings of nonmarketable, nonconvertible, medium-term U.S. Government securities not associated with specific transactions (table 1, line 57); net
increase (+)
_ _
Export-Import Bank Portfolio Certificates of Participation
U.S. Treasury securities not included elsewhere 6 .
1966
II
I
III
IV
IP
1,100
1,163
4,263
•4, MS
1,263
989
1,047
1,032
4,277
1,W
1,117
1,030
1, 917
726
433
1,886
885
49
1,800
739
14
437
256
-124
510
202
60
431
95
112
422
186
-34
615
106
-80
1,084
115
61
16
67
1,216
147
93
15
69
1, 313
169
88
7
22
980
187
92
2
53
230
44
24
1
28
326
51
26
(*)
8
215
39
20
1
10
209
53
22
«7
215
48
26
(*)
3
262
490
60
278
172
1,009
373
448
19
275
122
1,145
393
420
28
266
62
1,399
531
647
23
349
112
1, 361
336
572
13
379
131
212
3
105
90
157
4
100
36
51
3
83
79
152
3
91
212
80
3
77
1,754
392
487
405
470
465
-45
42
17
14
-30
-30
-26
4
4
-12
-6
1,278
1,658
405
154
21
132
1, 351
1,790
822
172
27
153
1,503
1,949
621
122
111
243
1, 671
2,158
509
62
100
309
1, 765
2,009
338
112
148
279
1, 475
2,196
532
314
510
94
516
577
148
349
570
112
296
539
178
368
563
143
155
332
47
96
38
85
31
69
39
82
35
77
238
-5
(*)
278
23
-6
275
20
-1
266
26
-18
349
-31
-8
379
-18
-16
105
-3
-18
100
-3
2
83
-3
2
91
-9
-2
77
-10
1
2,279
1,898
300
2,908
2,209
431
3,249 3,737
2,721
2,333
575 . 666
3,578
2, 801
594
3,569
2,768
643
752
571
150
1,071
853
173
856
678
150
890
666
170
910
760
167
17
23
15
62
111
11
90
93
48
175
33
3
130
130
113
16
23
28
42
38
24
48
24
9
38
41
80
147
94
50
-85
-8
-25
-34
-18
-64
1,126
1,146
1,044
814
685
708
183
192
191
142
190
26
85
85
613
442
'44*
486
486
204
204
45
45
111
61S
111
-55
-55
103
103
5
5
3,405
3,405
4,054
4,054
4,m
4,551
1,664
541
573
1,854
758
219
1,919
862
228
1, 187
69
22
27
41
1,133
74
50
23
29
179
312
44
238
154
500
18
26
4,293
4,551
4,277
935
-16
5
470
347
228
314
51
130
-16
149
71
328
17
26
417
15
25
1,142
11
27
964
48
8
981
3
9
1,084
130
56
242
16
7
336
28
5
181
38
36
325
48
8
258
9
2
335
402
656
657
747
844
200
229
199
216
194
41
58
80
58
25
147
36
100
94
14
-85
-79
-8
-20
-25
-21
-34
-20
-18
-18
43
50
15
25
30
-15
-2
5
-18
(*)
-64
-36
-8
-20
-3
4
7
36
1
-14
-6
10
-1
1
13
5
-14
3
1
1
-1
2
6
-5
6
-5
-28
-30
2
-2
2
(*)
-6
-53
(*)
-6
(*)
-53
-17
1
(*)
-4
1
1
(*)
-4
1
208
204
4
-25
-30
5
251
-56
-23
-7
-1
-7
(*)
-1
(*)
251
18
-74
-3
-20
(*)
(*)
-2
p Preliminary.
*Less than $500,000 (±).
1. As reported by the operating agencies.
2. Consists of transfers of military goods and services financed by U.S. Government credits and of advance payments to the Defense Department (on military sales contracts) financed
by credits extended .to foreigners by U.S. Government agencies other than the Defense Department.
3. Includes estimated net accumulations of foreign currency from principal repayments recorded in line A. 7.
. 11 quarters
^
„
agones or
or transactions related to
to mi
military sales contracts—other than for cash receipts—in this and the other
4. Estimates for the
in fiscal years
1964-66 for the several categories
tables are based upon incomplete reports.
5. Consists of transfers of military goods and services financed by U.S. Government credits (included in line B.6) and of increases in Defense Department liabilities (on military sales
contracts) which arise from advance payments to the Defense Department financed by credits to foreigners by U.S. Government agencies other than the Defense Department.
6. Through the last period shown, all securities included here have been payable in foreign currencies.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
34
June 1966
Table 6.—Claims on Foreigners Reported by U.S. Banks and U.S. Private Residents Other Than Banks—Annual Changes, 1964-65;
Quarterly Changes, 1965 and First Quarter 1966; and Position at March 31, 1966
[Millions of dollars]
Changes
Line
1965
1964
Total
Amounts
outstanding
March 31,
1966
1966
II
III
IV
Claims reported by U.S. banks:
A.
Long-term (table 1, line 37, with sign reversed).
941
231
461
Seasonally adjusted
Canada
United Kingdom....___
Other Western Europe.
Japan
-___
0 ther countries
Short-term (table 1, line 38, with sign reversed).
Seasonally adjusted
U.S.-dollar loans
Canada
United Kingdom
Other Western Europe.
Japan..
Other countries
14
15
16
17
18
19
U.S.-dollar acceptance credits.
Canada
United Kingdom
Other Western Europe
Japan
Other countries
20
21
22
23
24
25
U.S.-dollar collections outstanding
Canada
United Kingdom
Other Western Europe
Japan
Other countries
26
27
28
29
Other claims in U.S. dollars.
Canada
United Kingdom
Other Western Europe
Japan
Other countries
•
31
32
_.
•_
_-
i
34
35
36
37
Foreign currency deposits and other claims
Canada
United Kingdom..
Other Western Europe
Japan
Other countries
1
Claims reported by U.S. private residents other than banks:
Long-term (table 1, line 39, with sign reversed)
2
4
5
7
7a
9
10
11
12
13
14
15
16
17
18
19
20
21
22
___:__
._
Canada
United Kingdom
Other Western Europe
Japan
Other countries
-70
58
—186
-9
-2
-72
-26
-16
-1
-98
-11
-2
330
86
1,413
434
2,125
7,589
37
8
140
42
234
-114
7
-83
—1
-4
-62
-8
116
1,523
-325
-23
-176
-260
134
-139
-21
-144
-61
-109
-137
-97
15
-10
-4
-20
-78
2,871
175
54
456
590
1, 596
38
2,539
54
18
202
1,548
717
737
36
23
86
174
418
194
-61
-2
69
-29
217
181
30
-17
61
6
101
-100
-90
-10
-17
-33
50
-41
-3
18
(*)
-22
-34
154
2
7
25
20
100
19
-4
20
189
162
-67
4
12
35
-31
-87
-31
-4
-3
-7
67
-84
15
10
9
12
34
-50
-152
3
3
i
-135
-22
101
-5
3
31
175
I
10
32
47
85
79
2
-1
-4
25
57
-54
(*)
(*)
-13
-24
-17
49
1
-5
9
33
11
168
22
77
-7
74
2
-381
-242
-84
-18
-20
-17
-94
-24
-63
4
-107
-89
3
-15
-2
-4
57
9
-24
60
-2
14
-150
-113
-25
-23
-4
15
-25
-24
-27
17
10
-1
343
91
-6
294
36
26
-1
-12
44
-26
64
13
-21
5
-8
5
6
-4
-4
4
4
436
-241
-188
Short-term (table 1, line 40, with sign reversed)
26
-38
-13
-2
26
1
3
-2
-18
42
(*)
-92
-79
8
—7
-10
-4
-50
29
Of which: Deposits and money market assets
U.S.-dollar claims reported by major U.S. corporations..
Foreign currency claims
Canada
United Kingdom
Other Western Europe
Japan____
Other countries
,
(*)
2
-7
30
13
15
-1
5
4
19
-12
1,287
11
28
169
476
-47
-4
3
2
448
244
16
16
120
52
-48
3
-5
-2
-17
-27
444
163
83
103
43
52
-50
-32
-12
-53
6
-9
30
20
71
42
1,437
22
3
-1
1
27
-4
11
-1
9
516
27
127
97
670
160
2,574
(*)
-2
4
-4
-5
Seasonally adjusted
Reported by brokerage concerns.
Reported by others
Canada
United Kingdom
Other Western Europe
Japan
Other countries
.
4,388'
19
-1
-108
15
306
.
_.
41
-169
-17
39
550
136
233
1,528
10
11
12
13
-201
151
-241
-222
35
-22
1
-33
13
-201
-131
-71
13
-9
-3
-515
-398
-117
-502
-12
11
q
-3
-203
-146
-57
-210
23
4
-7
-13
-212
-195
-17
-136
-73
—1
-5
3
-333
-144
-276
-138
-225
-17
640
335
92
62
20
131
28
-464
-444
-18
19
-12
194
181
13
148
36
-16
20
97
224
15
-17
-70
2
25
.(*)
26
160
-12
78
82
13
-1
119
2455
599
393
589
174
700
-30
-80
(*)
-18
-13
-12
-70
-27
-43
-138
51
20
-3
(*)
n.a.
70
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
703
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
21
-11
-72
-94
-26
-126
292
739
-5
-21
16
3
-4
1
Memorandum items:
23
24
U.S.-dollar deposits in Canadian banks:
As reported by major U.S. corporations other than banks
(included in line B. 18)_As reported in Canadian banking statistics
*Less than $500,000.
n.a. Not available.
(±)
SURVEY OF CURRENT BUSINESS
June 1966
35
Table 7.—U.S. Liquid Liabilities to Foreigners—Annual Changes, 1960-65; Quarterly Changes, 1965 and First Quarter 1966; and
Position at March 31, 1966
[Millions o:: dollars]
5
. Changes
Line
1960
1962
196:L
1965
1964
1963
Total
I
II
1966
IV
III
IP
Amounts
outstanding
March 31,
1966
1 Liquid liabilities to all foreigners (table 1, lines 58 and 59; table 3, lines 8
through 12)
1,738
1,764
670
2 292
2 627
133
—657
—257
965
82
—346
2
1, 449
681
457
1,673
1, 073
-17
-860
-107
253
697
-833
15 372
1,149
Central banks and governments
_ _ _ _
Demand deposits
_
[•
204
Time deposits 1 -__
400
Other private obligations, mainly money market paper L... .
681
351
110
457
—127
-164
1,673
1,073
189
619 \/ 369
114
223
—51
-56
46
224
-860
-105
36
51
—107
127
-55
137
245
-73
-16
-35
671
—5
81
71
—964
40
g
-208
14 40'
1 57,
2,87(
1, 27,
206
887
885
2
3
4
5
6
To foreign official agencies
_~
7
g
9
U.S. Government obligations:
Short-term securities and other obligations
-.Payable in U.S. dollars 2
Payable in foreign currencies _
_ ___
10
11
12
13
Bonds and notes, marketable
Bonds and notes, nonmarketable, convertible
Payable in U.S. dollars
Payable in foreign currencies
14
15
16
17
18
19
20
645
645
_
14
-100
_ __
_-
_
_
—24
6
-30
—368
—368
—909
-909
—301
466
703
150
653
-59
375
-20
123
16
51
-15
375
i2~s
51
470
1,454
116
164
—206
263 /I 903
129
222
348
-15
74
-86
-67
298
—29
22
-74
66
150
-290
26
107
-49
558
22
225
-108
To other foreign residents and unallocated
K86
-138
- — I 841
-284
-417
1544
-26
-32
—239
61
40
345
306
104
82
72
31
291
33
44
323
-171
10
90
-2
-19
56
-54
-17
74
-20
-47
37
15
95
7
-1
7
92
-5
40
6
-36
-245
-272
-65
-26
-57
-5
-23
-7
-30
-4
15
19
2
-30
-12
4
12
4
-25
-4
-41
16
-255
-61
—151
10
-105
13
1
-73
-4
-11
-43
90
140
385
L26
-2
119
122
363 \r
117
-168
2
-1
-33
-33
-68
2
-97
337
407
211
-236
-188
___
21
22
23
Demand deposits
- - 1 16
1C
Time deposits *
/
-38
Other private obligations, mainly money market paper 1 _ _.
24
25
U.S. Government obligations:
Short-term securities
Bonds a n d notes
_ _
_
_
_
_
26
To international and regional organizations not included above
27
28
29
Demand deposits
Time deposits 1
Other private obligations, mainly money market paper *
30
31
U.S. Government obligations:
Short-term securities
Bonds and notes
__
__
_ __ >
\
-301
34
140
_ _ _ _ _ _ _
Dema'nd deposits
Time deposits 1
~ ~
Other private obligations, mainly money market paper L_
U S Government short-term securities
UK
145
-6
135
55
185
82
82
116
-237
454
278
-334
v Preliminary.
1. With maturity of 1 year or less; negotiable certificates of deposit with a maturity of 1
year or less are included with money market paper.
2. Includes changes in Treasury liabilities to certain foreign military agencies during
1960-62.
-139
-229
-211
-18
300
International Monetary Fund 3
To foreign commercial banks
160
46
r
—114 1 -177
-7
176
-356
241
28 78(
249
693
593
-434
-751
317
6 75$
6,43i
-2
122
-19
-50
—5
-365
1 10(
QOf
122
-50
—365
g
26
131
96.
697
-539
408
7 82'
486
-158
83
—3
5 42$
74,
1, 545
10<
48
112
4,17
70
103
—95
-45
112
23
1,53(
1,70
35<
2
20
81
49S
-33
1,41
13
14
7
5,
21,
29
129
-196
29<
55(
249
-376
-41
-100
—22
-124
sr
15(.
68i
3. Includes liabilities of U.S. monetary authorities for gold deposited by and held for IMF.
Excludes dollar holdings of IMF except holdings acquired through gold sales to the United
States with the option to reverse the transactions. These reversible transactions amounted
to $200 million in 1956, $300 million in 1959, and $300 million in 1960.
Table 8.—U.S. International Transactions
[Millions of dollars]
United Kingdom
(Credits -f; debits -)
Line
1960
1 Exports of goods and services
Excluding transfers under military grants
2
1962
1961
Other Western Europe
1964
1963
1965
1960
1961
1962
1963
1964
1965
2,198
2,198
2,000
2,000
1,956
1,956
2,067
2,067
2,544
2,544
2,636
2,636
7,806
6,893
8,082
7,471
8,961
8,335
9,558
8,805
10,250
9, 700
10,771
10,233
1,451
10
1,188
16
1,151
18
1,247
13
1,606
43
1,626
56
5,638
250
611
651
5,986
520
626
708
6,369
527
753
748
6,981
560
P550
826
7,282
475
*>538
906
174
190
204
210
230
243
5,268
211
913
632
7
8
9
10
Travel
- Fees and royalties from direct investments
Other private services
Other U.S. Government services
__.
29
• 51
112
12
30
66
118
13
37
79
107
12
40
98
107
13
55
109
124
16
62
140
138
13
59
80
236
41
61
101
247
52
66
144
267
55
71
174
274
56
102
197
273
58
116
229
299
60
11
12
13
Income on U.S. investments
abroad:
Direct investments 2
Other private assets
U.S Government assets
217
49
93
239
50
90
211
48
89
199
53
87
276
69
16
263
63
32
171
92
103
240
122
109
309
156
124
308
187
91
378
228.
97
497
254
115
3
4
5
6
Merchandise, adjusted, excluding military
_____
Transfers under military sales contracts
Transfers under military grants, net
Transportation _
_
-2,014
-1,860
-1,959
-2,033
-2, 119
-2,513
-6,359
-6,264
-6,942
-7,267
-7,797
-8,719
15
16
17
Merchandise adjusted, excluding military
Military expenditures
Transportation
__
-984
-287
-294
-892
-225
-311
-1,002
-197
-330
-1,072
-184
-346
-1,135
-173
-341
-1,410
-153
-410
-3,190
-1,351
-691
-3,153
-1,291
-763
-3,532
-1,423
-847
-3,647
-1,327
-955
-4,057
-1,311
-1,007
-4,778
-1,303
-1,104
18
19
20
Travel
- - -- Private payments for other services
U S Government payments for other services
-114
-160
-7
—105
-159
-4
-113
-152
-6
-119
-137
-10
-130
-149
-11
-142
-152
-12
-543
-68
-73
-485
-84
-76
-503
-82
-80
-588
-90
-105
-613
-98
-113
-653
-103
-110
21
22
Income on foreign investments
in theUnited States
Private payments 2
U S Government payments
_ _ _
-141
-27
-132
-32
-126
-33
-142
-23
-158
-22
-192
-42
-284
-159
-287
-125
-317
. -158
-357
-198
-364
-234
-425
-243
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines
2 and 14)
-_
184
140
-3
34
425
123
1,447
1,818
2,019
2,291
2,453
2,052
184
140
-3
34
425
123
534
1,207
1,393
1,538
1,903
1,514
Unilateral transfers, net; transfers to foreigners (—)__.
Excluding military grants
-28
-28
-29
-29
-42
-42
-39
-39
-41
-41
-47
-47
-1,354
-441
-1,087
-476
-1,064
-438
-1,152
-399
p-901
-351
z-978
-440
-17
-18
-30
-26
-27
-31
-11
-11
-12
-13
-14
-16
-129
-611
-254
-93
-114
-626
-216
-108
-135
-753
-147
-117
-145
*-550
-81
-125
-170
p-538
-76
-194
14
23
24
25
26
27
28
29
30
Imports of goods and services
•.-.
Private remittances
Military grants of goods and services
Other U S Government grants
U.S. Government pensions and other transfers
31
Balance on goods, services, and unilateral transfers
(lines 23 and 25 or 24 and 26).
-
32
Transactions in U.S. private assets, net; increase in
assets (— ).
33
34
35
36
Direct investments 2 --Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
_ __
37
38
Claims reported by U.S. banks:
Long-term
- _
Short-term
_
39
40
Claims reported by U.S. residents other than
banks:
-121
^913
-240
-80.
-45
-5
384
76
93
731
955
1,139
1,552
1,074
-900
-101
-205
-268
-411
-255
-624
-1,045
-1, 101
-1,492
-1,874
-957
-589
-196
-170
-124
-155
-206
-9
-324
-80
1
-52
31
41
49
10
-373
—24
25
-127
-528
-57
30
-181
-697
-195
33
-47
-800
-117
23
-38
-1, 162
-26
35
102
-1, 108
-15
35
110
35
-124
4
65
-15
-41
-13
-15
-39
-82
1
100
-35
-55
-131
-114
-69
-69
-475
-37
-550
-191
108
-59
-3
-220
3
75
3
-13
-6
4
-36
-88
26
12
-13
-22
9
-73
-3
-54
-9
-39
-26
-56
(*)
-28
77
78
13
26
51
596
590
88
-229
33
6
4
4
16
-232
55
-276
26
-287
50
-305
-19
-470
102
-436
120
156
111
41
Transactions in U.S. Government assets, excluding
official reserve assets, net; increase in assets (— ).
86
85
42
43
Foreign currencies and other short-term assets
17
16
69
69
71
74
9
10
197
31
177
669
161
666
135
277
114
25
162
187
550
306
387
-344
-864
-443
1,168
330
740
631
733
1,396
550
306
387
-329
-15
-618
-246
-48
-395
1, 168
446
-116
720
20
729
-98
706
27
1,347
49
715
649
-745
129
592
443
231
1,020
801
1,578
1,412
-998
31
-48
1
46
-17
-2
20
-34
(*)
44
207
(*)
-36
84
-52
-520
-27
82
281
4
32
264
-3
42
157
3
-60
3
2
24
-149
24
38
8
-18
(*)
-46
-22
69
-12
-48
<%
2
9
13
32
-3
-52
25
51
-12
-69
-11
14
-4
39
12
4
2
29
-31
2
466
251
323
-64
164
-22
-13
-66
658
262
70
662
29
713
1,074
-1,463
-1,632
-1,985
-1,944
-1,594
-548
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
Repayments on credits:
Transactions in U.S. official reserve assets, net;
increase in assets (— ).
Golds
Convertible currencies
Transactions in foreign assets in the United States,
net ; increase in foreign assets (U.S. liabilities) (+) .
U S corporate securities
Long-term liabilities reported by U.S. banks
;
Other liabilities reported by U.S. private residents
other than banks:
Long-term
.
Liabilities of U.S. Government, excluding marketable or convertible securities:
Associated with specific transactions
_ _ __
Other nonmarketable, nonconvertible, mediumterm-securities.
10
U.S. Government marketable or convertible bonds
and notes.
Deposits and money market paper held in the
United States.
89
16
678
559
-607
-1,050
Errors and omissions and transfers of funds between
foreign areas, net; receipts by foreign areas (-).
Preliminary.
36
*Less than $500,000.
n.a. Not available.
(*)
(*)
-65
-618
531
-9
Q
33
(*)
(*)
86
139
-125
417
829
410
286
153
-124
74
-919
(*)
81
292
-6
1. Includes transactions with shipping companies operating under the flag of Honduras,
Liberia, and Panama.
2. Excludes undistributed profits of subsidiaries.
by Area—Annual 1960-65
[Millions of dollars]
Canada
Eastern Europe
1964
1963
1962
1961
1960
1965
1960
1961
1962
Latin American Republics
1964
1963
1965
1960
1961
1962
1963
1964
Line
1965
229
229
164
164
155
155
202
202
395
395
176
176
5,116
5,116
5,232
5,223
5,402
5,402
5,616
5,616
6,704
6,704
7,594
7,594
5,257
5,185
5,418
5,290
5,326
5,245
5,386
5,331
6,097
6,032
6,164
6, 105
1
2
203
140
131
174
356
147
(*)
3,768
35
3,893
26
4,104
18
4,784
34
5,474
60
6
5
7
18
3,496
17
128
219
3,322
16
81
237
3,263
17
55
264
3,779
17
*65
283
3,749
31
* 59
276
3
4
5
6
7
8
9
8
(*)
(*)
(*)
9
9
97
120
128
139
148
3,526
19
72
226
469
95
59
6
449
111
69
2
392
127
73
3
372
134
71
4
448
162
92
6
491
185
92
7
253
91
185
27
273
98
195
32
302
117
172
41
344
124
167
51
368
134
175
59
404
159
173
65
10
362
225
464
271
476
292
(*)
455
330
634
405
692
445
(*)
641
138
79
730
153
77
762
164
112
801
174
126
895
199
123
888
236
124
11
12
13
.(*)
16
11
1
11
1
12
1
9
9
9
9
2
8
9
(*)
(*)
6
3, 712
38
9
107
(*)
-93
-92
-92
-101
-123
-165
-4,003
-4,206
-4,691
-4,997
-5,495
-6,153
-4,574
-4, 193
-4,384
-4,528
-4,660
-4,861
14
-81
—1
-2
-81
-1
-2
-79
-1
-2
-82
-1
-4
-99
-1
-7
-138
-1
-2,908
-387
-109
-3, 087
-357
-120
-3,498
-326
-120
-3, 715
-296
-135
-4,190
-258
-145
-4, 832
-172
-154
-3,619
-59
-176
-3, 298
-57
-132
-3,458
-76
-143
-3, 513
-79
-159
-3, 556
-82
-178
-3, 701
-83
-193
15
16
17
-7
-4
(*)
-4
-6
(*)
-7
(*)
-9
(*)
-11
(*)
-380
-26
-4
-425
-33
~3
-479
-50
-5
-522
-58
-11
-550
-57
-15
-600
-60
-15
-447
-163
-61
-442
-155
-65
-477
-109
-73
-532
-88
-84
-559
-91
-106
-600
-49
-119
18
19
20
(*)
(*)
(*)
(*)
8
-158
-31
-153
-28
-178
-35
-203
-57
-215
-65
-249
-71
-35
-14
-37
-7
-39
-9
-62
-11
-79
-9
-106
-10
21
22
-2
_IT
-8
136
72
63
101
272
1,026
711
619
1,209
1,441
683
1,225
942
858
1,437
1,303
23
72
63
101
272
11
11
1,113
136
1,113
1,026
711
619
• 1,209
1,441
611
1,097
861
803
1,372
1,244
24
-30
-30
-27
-27
-36
-36
-22
-22
-18
-18
-18
-18
-36
-36
-36
-27
-22
-22
-28
-28
-30
-30
-34
-34
-280
-208
-390
-262
-374
-293
-453
-398
p-438
-373
p-504
-445
25
26
-24
-21
-27
-11
-10
-8
-4
1
-4
-3
-5
-4
-2
-7
-2
-8
-3
-5
-3
-6
-4
1
—9
-5
-1
-32
-28
-23
-24
-27
-29
-89
-72
-106
-13
-95
-128
-151
-16
-100
-81
-176
-17
-134
-55
-244
-20
-115
p-65
-236
-22
-111
*-59
-309
-25
27
28
29
30
106
45
27
79
254
-7
1,077
990
1
-4
3
-19
-2
-4
-835
-1,065
1
(*)
-19
-8
8
2
-5
8
-12
689
-710
591
1,179
1,407
403
835
568
405
999
799
31
-918
-1,535
-561
-539
-453
-219
-166
-1,016
-335
32
-451
-221
112
-94 '
-302
-237
55
-88
-314
-457
83
79
-365
-693
107
37
-239
-700
87
17
-895
-709
108
147
-95
-107
12
(*)
-173
-18
14
-18
32
-102
14
-22
-69
-35
18
-1
-143
-201
13
-2
-171
-37
10
-4
33
34
35
36
28
-149
2
-133
-30
30
14
-112
17
. -87
-19
410
-125
-180
-15
-135
46
-70
-127
-98
-126
-469
-47
-68
37
38
4
-64
8
-370
-7
-94
-12
106
-294
-336
-44
441
-34
-10
-93
-15
-85
-32
148
-2
5
-93
-47
29
39
40
-3
-1
3
1
-1
-1
2
1
9
-1
-118
-47
-45
-31
-38
19
7
-2
(*)
1
1
(*)
-161
-703
-501
-379
-248
-331
41
-5
-121
-5
-55
-2
-56
(*)
-45
(*)
-52
5
7
-2
(*)
1
1
(*)
-331
-29
-798
-69
-621
-59
-557
-71
-472
-58
-625
73
42
43
8
10
13
14
14
14
177
22
138
26
164
16
215
34
188
94
209
12
44
.45
100
109
-175
-32
-56
-17
46
100
109
-175
-32
-56
-17
47
48
49
178
232
637
526
478
50
-1
35
5
-22
2
-25
9
48
,17
18
126
27
-3
7
51
52
53
19
1
-20
-2
7
9
4
1
-6
(*)
-193
(*)
(*)
-3
-190
-3
(*)
(*)
-3
176
313
637
106
263
-361
-47
(*)
18
-15
-3
-26
43
31
44
14
26
38
21
43
3
14
1
(*)
•(*)
-1
-1
53
-15
28
19
-5
-8
-32
9
1
21
1
-9
i
13
-3
(*)
(*)
-2
(*)
(*)
(*)
13
(*)
(*)
8
(*)
(*)
•(*)
(*)
(*)
(*).
-9
-26
-6
-1
1
224
(*)
-23
(*)
-9
29
104
26
(*)
(*)
(*)
-36
13
-69
422
3
-14
-46
192
-79
-29
1
'(*)
-4
54
55
9
6
56
57
-16
-3
58
448
59
11
-6
l
4
-4
13
220
317
591
-361
-5
-410
-2
-89
203
627
367
2
12
14
-33
-211
-21
-425
-236
-423
220
92
-482
244
34
95
-465
-205
3. Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
(<)
-594
4. Includes areas not shown separately.
Source: U.S. Department of Commerce, Office of Business Economics.
37
60
SURVEY OF CURRENT BUSINESS
38
June 1966
Table 8.—U.S. International Transactions
Other countries
(Credits +; debits -)
Line
Total
I960*
Exports of goods and services
Excluding transfers under military grants
1
2
3
4
5
6
Merchandise, adjusted , excluding military
Transfers under military sales contracts
Transfers under military grants, net
Transportation
__ __
__ __ -
7
8
9
10
Travel
Fees and royalties from direct investments _
Other private services
Other U.S. Government services
11
12
13
Income on U.S. investments
abroad:
Direct investments 2
Other private assets
U.S. Government assets
19624
1963
1964
1965
1961
1962
1963
1964
1965
_
8,135
7,355
8,863
8,146
9,715
8,883
10, 681
10,007
11,964
11,249
12,886
11,855
2,124
2, 124
1,951
1,951
2,294
2,294
2,525
2,525
2,692
2,692
_._ __ _
5,260
54
780
480
5,780
57
717
510
6,121
63
832
558
6,914
71
674
605
7, 791
92
v 715
659
7,998
222
9 1,031
661
1,767
24
1,540
24
1,820
25
1,974
16
2,051
31
119
118
127
136
148
65
73
228
67
72
79
249
75
81
104
269
93
107
122
306
110
122
148
324
123
139
186
345
138
13
10
77
7
13
14
83
7
20
15
88
9
25
18
100
8
26
20
113
12
960
103
65
1,078
151
95
1,260
197
137
1,352
235
185
1, 460
316
214
1, 552
382
232
15
80
12
25
112
15
26
133
31
31
184
33
50
209
32
-5,628
-5,747
-6,465
-6,904
-7,582
-8,954
-1,612
-1,938
-2, 118
-2,370
-3,082
-3, 916
-984
-267
-3, 961
-1,050
-260
-4,560
-1,060
-300
-4,894
-1,049
-334
-5, 495
-1,009
-369
-6, 511
-1, 169
-433
-1,054
-385
-91
-1,358
-378
-108
-1,497
-362
-126
-1,769
-312
-136
-2,427
-323
-154
-241
-21
-109
-274
-14
-118
-307
-18
-130
-322
-17
-157
-340
-19
-186
-394
-20
-216
-46
-4
-7
-50
-6
-7
-52
-5
-12
-54
-6
-16
-60
-6
-14
-47
-43
-45
-25
-56
-34
-91
-40
-120
-44
-161
-50
-6
-19
-16
-15
-40
-24
-53
-24
-73
-25
2,507
1,727
3,116
2,399
3,250
2,418
3,777
3,103
4,382
3,667
3,932
2,901
512
512
13
13
176
176
155
155
-390
-390
-32
-32
-29
-29
-30
-30
-25
-21
-22
-1
-7
(*)
-8
126
-420
_ ._
--
..
..
Imports of goods and services
14
1961*
Japan
15
16
17
Merchandise, adjusted, excluding military
Military expenditures
Transportation
__
18
19
20
Travel
Private payments for other services
U.S. Government payments for other services
21
22
Income on foreign investments
in the United States:
Private payments 2
U S Governme nt payments
- -
23
24
Balance on goods and serviceis (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14) ._
25
26
Unilateral transfers net; transfers to foreigners ( — )
Excluding military grants
-2,283
-1,503
-2,370
-1,653
-2,521
-1,689
-2,426
-1,752
*>-2,522
-1,807
p-2,750
-1,719
-27
-27
-28
-28
27
28
29
30
Private remittances
-Military grants of goods and services
-Other U S Government grants
U S. Government pensions and other transfers
-227
-780
-1,199
-77
-233
-717
-1,335
-85
-240
-832
-1,366
-83
-291
-674
-1,376
-85
-297
p-715
-1,423
-87
-300
"-1,031
-1,321
-98
-21
-21
_2
-4
-1
-6
1,351
1,860
1,182
485
-15
144
-
(*)
31
Balance on goods, services, and unilateral transfers (lines 23
and 25, or 24 and 26).
224
746
729
32
Transactions in U.S. private assets, net; increase in assets (-)__
-858
-1,525
-953
-1,523
-1,631
-1,383
-828
-527
-839
-154
-106
33
-49
-392
-199
31
-62
-431
-238
57
-39
-591
-250
35
-33
-586
-123
40
16
-830
-186
40
-35
-29
-61
2
-11
-54
-101
4
-23
-68
-164
9
-29
(*)
18
-21
-52
7
7
-58
-484
4
-807
-59
-174
-134
-511
-245
-689
-282
-46
-4
-670
-51
-212
-155
-431
-136
-482
-15
59
-2
-38
-53
-47
-41
-28
33
-72
8
-52
-26
-18
-30
-25
-57
-33
35
-36
1
-20
-9
12
-891
-782
-1,094
-1,344
-1,134
-1,326
-23
-56
-53
50
62
-571
-450
-801
-163
-1, 098
-184
-1,247
-314
-1, 353
-35
-1, 432
-198
-64
4
-98
3
-93
-21
-18
3
-24
5
130
181
1
188
202
15
250
4
282
22
37
39
61
65
67
14
150
109
90
24
3
40
150
109
90
24
4
1
40
426
-r26
538
585
731
802
33
34
35
36
Direct investments ^
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
37
38
Claims reported by U.S. banks:
Long-term
Short-term
39
40
41
--
Claims reported by U.S. residents other than banks:
Long-term
Short-term
_
Transactions in U.S. Government assets, excluding official
reserve assets, net; increase in assets (— ).
42
43
Loans and other long-term assets
Foreign currencies and other short-term assets
44
45
Repayments on credits:
Scheduled
Nonscheduled
46
Gold 3
Convertible currencies -Gold tranche position in IMF
47
48
49
51
52
53
56
57
58
59
60
3
.;
Transactions in foreign assets in the United States, net; increase in foreign assets (U.S. liabilities) (+ ).
50
54
55
Transactions in U.S. official reserve assets, net; increase in
assets (— ).
2
Direct investments
U S corporate securities
Long-term liabilities reported by U.S. banks.—
Other liabilities reported by U.S. private residents other than
banks:
Long-tern;
Liabilities of U.S. Government, excluding marketable or
convertible securities:
Associated with specific transactions
Other nonmarketable, nonconvertible, medium-term
securities.
U.S. Government marketable or convertible bonds and notesDeposits and money market paper held in the Unite* StatesErrors and omissions and transfers of funds between foreign
areas, net; receipts by foreign areas (— ).
NOTE.—See footnotes on pp. 36 and 37.
7
37
-1
56
(*)
-256
-36
-6
2
37
8
30
57
-3
-36
2
-15
-3
48
5
16
7
22
1
34
5
11
-1
-3
-1
9
19
332
-35
-125
-7
575
2
527
10
706
4
706
(*)
-297
949
1,478
690
907
171
685
622
C)
-12
I
-8
27
11
4
20
-78
-1
22
-14
(•*)•
(*)
-697
535
25
(*)
32
250
200
292
33
-11
1
1
"i
3
-28
-4
7
-5
1
(*)
524
(*)
289
(*)235
4
247
63
498
322
78
(*)
-15
(*)
-38
2
C)
4
1
SURVEY OF CURRENT BUSINESS
June 1966
39
by Area—Annual 1960-65—Continued
Other countries— Continued
1964
1963
1965
1964
1963
1965
1,175
1,175
1,537
1,537
1,758
1,758
849
26
1,156
40
1,261
96
68
73
69
51
57
20
36
57
23
47
58
27
59
67
1
35
12
11
1
36
13
14
2
139
38
1
155
8
116
12
(*)
(*)
105
33
2
98
28
3
645
645
697
697
372
446
1
(*)
(*)
International organizations and unallocated l
Other countries in Asia and
Africa
Other Western Hemisphere
Australia, New Zealand, and
South Africa
1963
1964
1965
1960
1962
1961
1964
1963
1965
764
764
6,567
5,893
7,205
6,490
7,672
6,641
268
268
281
281
302
302
311
311
334
334
488
4,215
35
p 715
393
4,198
95
p 1,031
383
13
6
24
13
11
1
61
3,873
20
674
369
135
122
132
153
44
12
10
2
32
59
150
100
38
70
152
113
42
95
155
123
13
58
8
64
9
69
126
21
1,073
66
151
1,208
87
179
1,237
114
199
4
39
17
46
(*)
(*)
(*)
Line
394
394
1
2
169
175
4
5
6
8
77
6
85
10
93
7
8
9
10
32
47
19
43
(*)
27
45
1
69
46
1
11
12
13
3
(*)
(*)
-837
-799
-804
(*)
-801
-1,019
-3,148
-3,517
-4,049
-527
-592
-615
-612
-692
-671
14
-655
-105
-46
-601
-103
-55
-635
-57
-61
-518
-90
-21
-593
-93
-26
-654
-79
-69
-2, 224
-492
-141
-2, 532
-501
-152
-2,795
-710
-149
-34
-38
-376
-355
-58
(*)
-386
-69
(*)
-383
-89
(*)
-415
-118
(*)
-390
15
16
17
-13
-14
-1
-15
-20
-1
-18
-152
-7
-3
-160
-8
-3
-190
-8
-4
-105
-4
-134
-112
-4
-152
-124
-5
-180
-57
-136
-100
(*)
-73
-6
-3
-6
-8
-4
-10
-48
-16
-65
-21
-2
-58
-2
-61
-1
-70
-16
-71
738
738
954
954
-15
(*)
-255
-255
-35
-13
338
338
-13
(*)
-199
-199
3,419
2,745
3,688
2,973
3,623
2,592
-259
-259
-311
-311
-313
-313
-14
-14
-11
-11
-13
-13
-29
-29
-32
-32
-44
-44
-2,351
-1,677
p-2,450
-1,735
p-2,663
-1,632
-116
-116
-112
-112
-156
-156
-11
-8
-9
-19
-23
-19
-245
*-715
-1, 415
-75
-250
p-1,031
-1,299
-83
-2
-2
-4
-22
-3
-236
-674
-1,368
-73
-2
-7
-2
-114
-110
-154
-142
-423
-469
-447
-8
(*)
-156
-156
-896
-3
-3
-4
-8
-2
324
727
941
-185
-231
-111
-159
-319
-172
-196
-108
-17
15
-10
-136
-171
15
12
16
-38
-167
-1
1
-1
-125
-7
1
-11
29
-12
-43
-3
-97
-17
8
-12
-2
-6
5
-9
-1
-11
31
14
-11
*> i
-64
(*)
(*)
12
1
50
3
(*)
"-i
(
17
15
26
71
2
23
24
-146
-146
-145
-145
-91
-91
25
26
-3
-3
-141
-1
-88
(*)
27
28
29
30
-503
-368
31
-579
-999
-130
13
-240
-70
-54
-195
32
-247
-116
6
15
-549
-134
16
5
-12
-97
19
-40
-8
-12
18
15
-74
-84
16
-98
-27
1
-9
-248
-68
10
7
-80
-4
18
11
-43
-179
29
-2
33
34
35
36
-21
-29
27
14
-16
-56
-45
-175
-197
-102
(*)
(*)
(*)
(*)
-1
1
-1
-3
-1
4
1
-31
3
-20
-15
-23
(*)
(*)
(*)
(*)
-6
-3
-4
-1,316
-1,195
-1,373
-79
-73
-121
-77
-39
-3
(*)
-5
-1
-1,148
-292
-1,332
-39
-1,339
-202
-74
-7
-62
-14
-121
-2
-78
-3
-63
19
(*)
2
124
173
3
163
5
2
3
2
4
5
4
44
45
8
24
4
32
175
-248
684
99
355
249
46
8
24
4
32
-266
-113
58
69
89
343
47
...48
49
-6
37
38
(*)
39
40
4
41
42
43
(*)
441
-135
626
30
266
-94
458
594
343
227
-58
-209
-68
50
20
-1
13
12
16
22
1
21
194
51
52
53
250
448
1
6
2
-15
(*)
4
-11
28
2
20
9
-2
9
3
° 8
1
24
2
20
5
-1
28
i
58
58
36
56
45
-97
5
56
57
5
-32
(•>.
(*)
-673
1
(*)
-2
28
<*>
(*)
57
>
%
12
-55
14
(*)
(*)
-277
-277
-401
3
-5
-608
-358
-358
-89
« 13
-315
-301
-301
-53
5
6
21
22
-375
(*)
•w«
-25
-72
960
-21
_ i
-16
-78
(t)
1,238
54
(>)
18
19
20
*U
1,068
(*)
8,
-299
-66
(
4
(*)
-3
(*)
11
(*)
(*)
(*)
(*)
(*)
(*)
(*)
18
1
54
55
7
1
65
2
-22
2
193
9
400
-2
392
225
298
340
-67
-442
617
330
-467
-308
35
-149
-37
58
59
349
373
358
375
84
922
-185
388
-81
553
450
378
60
Table 8.—U.S. International Transactions by Area
[Millions of dollars]
United Kingdom
I
II
631
644
1 Exports of goods and services
631
Excluding transfers under mili644
2
tary grants.
349
Merchandise, adjusted, excluding
417
3
military.
14
Transfers under military sales con6
4
tracts.
Transfers under military grants, net.
5
52
62
Transportation
6
10
18
Travel
___.
7
Fees and royalties from direct in29
33
8
vestments.
32
34
Other private services
9
4
Other U.S. Government services. _ _
3
10
Income on U.S. investments
abroad:
2
134
37
Direct investments
11
13
18
Other private assets
12
3
7
U.S. Government assets.
13
-504 -635
14 Imports of goods and services
Merchandise, adjusted, excluding -273 -338
15
military.
-45 -36
Military expenditures
16
-84 -122
Transportation
17
-18 -42
Travel
_
18
Private payments for other services. -38 -38
19
-3
-3
U.S. Government payments for
20
other services.
Income on foreign investments in
the United States:
-38 -48
Private payments 2
21
—5
—8
U
S Government payments
22
127
9
23 Balance on goods and services (lines
1 and 14).
9
Excluding transfers under military
127
24
grants (lines 2 and 14).
-10 -11
25 Unilateral transfers, net; transfers to
foreigners (— ).
Excluding military grants
.- -10 -11
26
—7
—6
Private remittances
27
Military grants of goods and ser28
vices.
Other U.S. Government grants
29
—4
-4
U.S. Government pensions and
30
other transfers.
117
-2
31 Balance on goods, services, and unilateral transfers (lines 23 and 25, or
24 and 26).
20 -60
32 Transactions in U.S. private assets,
net; increase in assets
(— ).
2
-122
-68
Direct
investments
_~
33
Foreign securities newly issued in
34
the United States.
Redemptions
35
7
Other transactions in foreign
36
securities.
Claims reported by U.S. banks:
3
-8
Long-term
37
110
-23
Short-term
38
Claims reported by U.S. residents
other than banks:
4
21
Long-term
39
71
Short-term
__ _ -35
40
4
15
41 Transactions in U.S. Government
assets, excluding official reserve
assets, net; increase in assets (-).
Loans and other long-term assets
42
10
4
Foreign currencies and other short43
term assets.
Repayments on credits:
e
Scheduled
44
Nonscheduled
45
-70
Transactions
in
U.S.
official
reserve
-40
46
assets,
net; increase in assets (— ).
76 -30
Gold 3
47
-116 -40
Convertible currencies
.-- 48
Gold tranche position in IMF 3
49
59
277
50 Transactions in foreign assets in the
United States, net; increase in foreign assets (U.S. liabilities)
(+).
1 -77
Direct investments 2
51
-230
U S corporate securities
52
Long-term liabilities reported by
-25 -31
53
U.S. banks.
Other liabilities reported by U.S.
private residents other than
banks:
Long-term
54
Short-term
55
Liabilities of U.S. Government, excluding marketable or convertible securities:
16
Associated with specific transac56
tions.
Other nonmarketable, noncon57
(*)
vertible, medium-term securities.
95
U.S. Government marketable or
58
convertible bonds and notes.
291
313
Deposits and money market paper
59
held in the United States.
58
60 Errors and omissions and transfers of -378
funds between foreign areas, net;
(receipts by foreign areas (— )).
NOTE.—See footnotes on pp. 36 and 37.
40
1966
1965
(Credits +; debits -)
Line
Other Western Europe
IP
IV
III
1965
I
Eastern Europe
1966
II
III
IV
I"
Canada
1965
II
I
1966
III
1965
I"
IV
I
1966
II
III
IV
IP
621
621
740
740
756
756
2,352
2,205
3,045
2,824
2,509
2,422
2,865
2,782
n.a.
2,765
31
31
48
48
38
38
59
59
62
62
1,639
1,639
1,980
1,980
1,810
1,810
2,165
2,165
1,981
1,981
386
474
465
1,537
1,965
1,711
2,069
2,054
26
42
25
54
56
1,181
1,442
1,295
1,556
1,470
16
20
11
136
137
106
96
124
11
29
13
7
12
"221
240
36
55
"87
243
35
56
"83
239
27
65
n.a.
229
22
55
75
15
72
15
75
15
80
15
65
21
33
64
13
45
61
11
30
"147
184
18
53
36
3
36
3
35
3
77
15
206
91
42
50
118
98
102
101
61
15
17
20
66
63
64
60
4
2
18
24
29
32
25
30
-668 -706 -640 -1,794 -2,370 -2,300 -2,255 -2,306
-365 -434 -379 -976 -1,283 -1,177 -1,342 -1,380
(*)
(*)
1
3
(*)
(*)
(*)
2
2
1
30
105
40
38
145
40
40
151
50
40
90
55
36
120
45
3
3
3
1 (*)
(*) 3
23
1
22
2
24
2
23
2
23
1
(*)
1
1
1
(*)
1
6 (*)
1
-34 -39 -44 -48
-30 -33 -33 -42
-40
-112
-60
-38
-4
-32
-92
-22
-38
-2
-46
-94
-22
-39
-3
-314
-210
-72
-28
-29
-326
-337
-203
-27
-27
-332
-311
-275
-24
-26
-331
-246
-103
-24
-28
-359 (*)
-1 (*)
(*)
-253
-2
-1
-2
-2
-78 (*)
-1 -8
-2
(*)
-27 (
(*)
(*)
-26
2 -2 —2 — 2
-36
-13
-47
-70
-16
34
-41
-16
116
-100
-65
558
-107
-60
675
-98
-57
209
-120
—61
610
-120 (*)
(*)
(*)
(*)
-63
(*)
n.a.
-3
9
116
411
454
122
527
-47
34
-13
-13
-11 v— 232 "-376 "-179 "-191
-13
—9
-13
—9
-11
—7
-4
-4
—4
-60
21
-163
*i
459
n.a.
-3
9
-6
11
-4
4
—2
-5
-5
-4
-5
_2
-5
2
-4
-85 -155
41
—40
*>-147 "-221
-92
—41
"-87
-108
—48
"-83
-91
—42
n.a.
-13
-32
-23
-91
-14
-37
-26
-34
-14
-35
-1
-1
-2
-1
-1
-1
-1
105
326
299
30
419
368
-7
4
-11
7
-52 -136
-651
-92
33
-247
-107
-2
-1
-3
-74
-477
-9
-291
-93
-247
—4
-156
-6
4
16
9
42
7
44
15
8
5
26
1 -140
17
-62
114
49
62
14
72
-60
98
13
-34 -100
-68 -12
10
—7
4
-59
^
72
<?»4
1
4
7
*
~1 ~—2
22
-40
4
-17
-79
141
-1
-30
11
4
t
-109
46
-159
31
-87
5
-81
38
—114
10
44
179
207
47
51
36
1
28
43
8
155
-127
22
49
-544
211
365
809
329
-132
-412
38
173
19
346
726
83
364
-35
214
359 -252
501
-905
-395
-118
420
50
-228
-20
-26
-60
49
i
-62
24
22
26
—64
9
-1(
— 11
60
-24
35
10
I
16
8
\
44
12
12
13
46
111
5
'(*)
(
(*)
46
142
21
510 -1,033
69 -833
461
(*)
(*)
2
—3
-11 (*)
-]
-82
1
-67
-2
-1
(*)
(*)
(*)
17
— L
^
3
c
e
A
1
e
(*)
8
(*)
8
1
1
1
i
6
(*)
1
8
-48
-38
-130
-15
-4
-43
-43
-325
-14
-3
-39
-41
-95
-14
-40
-33
-55
-14
-4
-54
-17
369
-56
-17
461
-57
-18
74
-82
-19
537
-56
-20
460
369
461
74
537
460
—7
-9
-9
m
-8
-7
/*\
-9
-9
—7
13
—1
3
-42
-32
-50
-17
-3
4
9
81
1
(*)
8
(*)
6
-3
(*)
(*)
(*)
362
125
-69
-370
-231
312
-447
-62
-293
-654
521
(*)
4
—^
-5
65
528
452
-62
34
-236
-297
-531
-146
-235
-185
-195
-323
-181
-210
-413
37
46
24
89
17
-2
30
14
80
-11
-37
22
8
174
1
129
9
85
16
22
—13
222
1
-6
126
—4
-22
21
1
-3
72
2
-27
12
1
—4
1
2
-3
-25
19
6
—3
-97
-100
19
6
—2
-311
-157
379
-272
-182
63
14
-53
30
-18
-6
(*)
29
15
21
(*)
5
(*)
6
-2
-2
7
1
3
-4
13
—4
24
(*)
26
-13
/*\
-5
-31
(*\
21
(*)
6
-8
452
-241
-98
-53
-511
-8
^
(*)
(*)
-1 (*)
26
6
-9
_1
(*)
2
_P
(*)
(>)
. -25
-743
14
(*)
11
473 -248
404
(*)
(*)
11
145
142
135
270
158
1
103
120
100
122
116
1 (*)
-45 -1,270 -1,519 -1,736 -1,628 -1,521
-40 -1, 055 -1,211 -1, 233 -1,333 -1,299
5
-16
-13
45
-8
-9
-42
7
-463
-118
413
-242
-266
35
-344
-215
42
361
—Quarterly, 1965 and 1st Quarter 1966
[Millions of dollars]
Japan
Latin American Republics and other
Western Hemisphere
1966
1965
Australia, New Zealand, and
South Africa
1965
1966
II
III
IV
1,500
1,483
1,808
1,787
1,703
1,696
1,917
1,903
n.a.
1,731
641
641
667
667
661
661
879
t
1,113
1,040
1,205
1, 114
487
495
16
5
6
17
91
119
54
n.a.
88
92
38
34
4
4
39
8
6
38
8
5
37
6
5
35
47
18
46
17
28
£
28
28
6
29
2
29
2
248
240
263
264
239
68
67
61
60
68
37
24
23
28
36
-1,425 -1,481 -1,424 -1,550 -1,625
-1, 027 -1, 124 -1,039 -1, 165 -1,206
11
55
10
-622
-481
8
73
85
35
86
114
36
v7
87
130
46
44
18
46
16
46
15
I
-42
-61
-220
—16
-28
-40
-69
-180
—13
-25
-41
-65
-198
—14
-34
-39
-67
-192
-28
-28
-31
-34
75
327
279
367
58
306
272
353
-36
"-118 p-160 p-152
I
I
I
72a
723
682
682
380
380
467
467
498
498
413
413
500
569
529
274
352
366
269
4
4
5
9
8
43
36
IV
-76
-40
-19
-4
—4
-3
-35
-14
-18
-18e
106
III
15
4
13
18
8
12
19
9
14
17
(*)
18
(*)
16
(*)
E
e
-104
-34
-115
-32
n.a.
-61
-100
-106
-64
-74
o
-95
-40
-17
-92
-44
-9
-13
-15
-6
-3
-3
-17
-16
249
127
—9
361 1,712
361 1,504
2,286
1,863
1,767
1,589
1,907
1,685
n.a
1,695
273
882
1,206
1,008
1,102
1,072
4
30
16
12
37
33
*>208
84
20
6
3
27
15
*>423
107
11
20
92
16
18
10(
9
30
38
32
39
31
39
31
16
17
1 (*)
39
29
-15
-15
-5
-12
-15
-5
III
83
83
8
8
IV
9
9
13
13
9
9
(*)
(*)
35
46
4
4
4
5
6
7
8
38
33
23
23
23
'2
2
9
10
11
12
I
15
4
10
1
(*)
-198
-37
-29
-223
-37
-28
-250
-36
-26
-45
-46
-50
-47
-14
-15
-133
-21
-157
-31
-200
-29
-18
-37
-17'
-34
-87
.(*)
-101
-98
-104
-103
-49
-15
(*)
-2
-2
i
199
-17
-19
-19
-5
—(
149
863 .1,261
698
801
n.a.
-50
-70
-107
-50
19
-100 -197 -112 -139
202
277
276
199
149
655
520
579
-8
-6
(*)
-5
-5
11 -107
—7
-5
0
-(*)
(*)
-8
-6
-3
-2
-3
-2
-204 -120 -146
K
2
-2
1
-3
2
-2
6
-6
9
3
2
3
1
2
4
2
-131
40
80
23
4
35
27
-152
33
92
-42
-51
-7
-19
8
125
26
4
11
-15
-36
8
-2
-10
-5
48
-111
—4
11
-64
6
-6
-42
-45
-20
-118
8
-1
18
-4
9
14
-4
4
24
*~9
1
-13
4
-2
-3
4
-186
21
-147
15
-112
23
-185
13
-156
10
-3
-12
-4
10
-7
5
-10
2
-18
-2
64
4
-58
43
4
4
50
4
29
65
2
1
25
8
7
1
26
9
5
24
-58
4
29
1
103
15
229
53
3
-5
2
1
63
7
-7
-29
19
-3
3
6
12
42
-1
-4
1
-1
1
5
-7
-9
10
8
-9
110
88
11
1
1
5
18
(*)
(*)
8.
3
-11
(*)
-180
-259
-46
-111
-16
-46
-79
-1
-8
2
-1
4
3
3
-4
-20
1
-1
-6
-469 -366
-17
-8
-317
~~(*T
-32
(*)
-32
2
35
9
3
2
-11
2 -221
(*)
-350
87
-379
-128
-262
-154
-348
* 5°
34
4
—2
1
24
-2
4
-11
6
-4
13
2
44
17
221
1
2
-2
-1
-3
(*)
24
42
1?
(*)
-2
-5
(*)
9
-3
2
4
181
-17
49
213
-6
96
-20
104
67
105
-117
-158
-66
-39
-35
147
-61
27
(*)
(*)
(*)
(*)
(*)
-8
1
-165
(*)
.(*)
(*)
(*)
(*)
-283
71
(*)
(*)
(*)
2
34
89
-176
34
21
290
21
68 2 -466
2<
98
330
-64
194
-2
11
5
2
5
-4
15
5
3
8
•i
10
i
12
34
-1
14
35
(*)
-21
-16
12
31
32
35
36
37
38
(*)
(*)
39
40
41
37
11
-97
— 2i
ii
(*)
(*)
29
30
33
34
-15
*
177
24
42
43
47
125
13
12
(*)
-2
-10
-68
8
(*)
-24
-52
13
-19
(*)
70
(*)
(*)
-42
-18
44
45
46
134
117
47
48
49
50
—-
51
52
53
54
55
-56
-1
(*)
-2
_ii
-85
31
8
-1
9f
g
56
(*)
44
-13
38
-5
58
-32
-160
-69
-41
41
1
1
4
-203
-32
-8
(*)
(*)
-7
-23
-21
-5
1
-129
—23
-24
-38
-10
-5 (*)
1
(*)
-2
(*)
-1
-42
t
4
-4
-43
-34
(*)
-18
(*)
-184
4
7
39
26
27
28
-104
3
—2
8
14
-2
(*)
-65
3
-8
56
-59
-22
-29
4
5
1 -23
4
-34
(*)
-502
-309
4
-19
—7
25
-15
(*)
-313
-45 -178
-30
3
3
-20
-5
—17
-2
-288
-90 -326
-22
-1
-8
-79
-20
-351
-6
-80
131
8
-35
-50
-22
-347
-51
-62
-63
-45
-107
-34
-591
-66
n.a
180
-90 -116
-97
-16
-70
-15
-399
-64
p-222
146
21
22
23
-50
-370
-60
150
195
-79
16
17
18
19
20
562
-433
-61
p-423
405
273
(*)
11
12
13
14
15
n.a.
-3 -430
— 2 -65
225
274
199
n
65
-4
-3
o
-45
-18
167
-3
-2
4
(*)
30
-153
-42
-43
838
1
2
3
(*)
n.a.
96
-11 -136
-16 -33
— 7 -24
(*)
-4 -39
—2
Line
I
276
-323
II
-2
-118
-15
(*)
I
277
54
4
I
-2
21
-6
(*)
IV
202
7
11
III
-20
-23
-90
-11
-5
II
1966
-100 -197 -112 -139
-73
-5
8
1965
19
-126
54
17
6
20
I
n.a.
-145
-31
*
I
IV
1966
36
335
352
250
11
41
23
15
10
300
303
39
20
12
29
52
26
31
28
32
53
10
8
50
8
9
59
42
9
55
43
51
9
1 (*)
6
(*)
(*)
(*)
-76T -858 -835 -821 -178 -190 -222 -214 -212 -849 -1,025 -1,069 -1, 106 -1,133
-721
-174
-695
-644
-144
-597
-741
-180
-603
-736
-747
-648
-137
-171
-80
-39
-16
n.a.
II
1965
International organizations and
unallocated 1
13
52
-72
-35
-8
-139
-33
167
III
-39
-62
-232
—13
-34
-101
-32
-43
II
1966
1965
I
Other countries in Asia and Africa
56
57
-4
-39
-196
58
48
17
225
39
13
115
149
46
-20
-23
-40
296
59
165 -127 -199 -179 -168
-75
100
307
317
198
-11
79
251
-162
210
-66
60
(*)
-48
(*)
13
(*)
23
(*)
5
(*)
(*)
O
-2
(*)
(*)
-106
(*)
41
SUKVEY OF CUEEENT BUSINESS
42
June
Table 9.—Changes in Reported Foreign Gold Reserves and Liquid Dollar Holdings Through Known Transactions With the United States
and Through Other Transactions, by Area 1—Annual, 1963-65; Quarterly, 1965 and First Quarter 1966
[Millions of dollars]
1965
1964
1963
Line
1966
II
Total
III
IP
IV
All areas:
Total increase
:
Through known transactions with the United States. _
Through other transactions
._
907
3,551
2,709
842
1,331
1,237
94
-66
164
-230
-232
-220
-12
973
977
-4
656
316
340
435
44
391
2,038
-10
2,048
2,449
400
2,049
1,176
133
1,043
-168
146
-314
779
123
74
187
-113
491
-323
814
-113
-215
102
-247
-68
-179
-91
-75
-16
702
678
24
165
-112
277
461
374
87
20
379
-359
4
-29
-4
-215
211
170
281
-111
207
90
117
-302
-909
607
-425
-408
-17
-451
594
457
137
529
-149
343
172
171
188
298
-110
787
249
556
-307
275
329
-54
187
-277
464
-32
-602
570
216
594
-378
10
446
3,508
2,601
Western Europe, including United Kingdom:
Total increase
.
Through known transaction with the United States._
Through other transactions
United Kingdom:
Total increase
__•
Through known transactions with the United States..
Through other transactions
n.a.
53
n.a.
Eastern Europe:
Total increase
Through known transactions with the United States._
Through other transactions
-2
5
-11
16
-5
-18
13
433
195
-248
-245
-3
-321
5
-326
-85
-194
109
47
-105
152
193
173
20
-16
-42
26
100
65
35
3
127
-124
104
43
61
94
-26
173
-221
-64
-576
512
-60
-114
54
-176
77
130
131
-120
251
112
-58
170
442
497
-55
480
1,344
"277
326
-49
77
370
9
337
117
311
-194
103
172
-140
443
-583
-590
323
-913
24
-867
133
203
-101
79
-180
723
37
Canada:
13
14
15
Total increase
i__
_.-..
Through known transactions with the United States.__.
Through other transactions..
.
Latin American Republics and other Western Hemisphere:
16
17
18
Total increase
Through known transactions with the United States_..
Through other transactions
Japan:
19
20
21
Total increase
Through known transactions with the United States.-Through other transactions
Australia, New Zealand, and South Africa:
23
24
Total increase....
Through known transactions with the United States._ _
Through other transactions
..
Other countries in Asia and Africa:
25
27
Total increase
.
Through known transactions with the United States.__
Through other transactions
-___-_
__
International organizations and unallocated:
28
29
30
Total increase
.
Through known transactions with the United States2.
Through other transactions
v Preliminary
1. Total increase represents changes in reported gold reserves of foreign central banks and
governments (including international organizations but excluding the countries of the Soviet
bloc) net of convertible currencies included in U.S. official reserve assets (table 1, line 48) plus
foreign liquid claims on the United States (table 1, lines 58 and 59) plus net changes in foreign
IMF positions through U.S. dollar transactions.
Changes through known transactions with the United States represents for each of the separate
areas shown the sum (with sign reversed) of table 1, lines 23, 25, 32, 41, and 51-57. For "All
areas" line 60 is added, and for "All areas" and "International organizations and unallocated"
line 23 is adjusted to exclude net sales or net purchases (—) of gold by U.S. private residents
to the U.S. monetary gold stock. These were (in millions of dollars): 1964: year, -89; I, -19;
II, -22; III, -21; IV, -27; 1965: year, -118; I, -21; II, -31; III, -29; IV, -37; 1966:1, -34.
Changes through other transactions equals "Total increase" less "Changes through known
transactions with the United States." For "All areas" this difference represents known
acquisitions (+) of sales (—) of gold by foreign central banks and governments outside the
United States. These net acquisitions equal the excess of new gold production abroad plus
sales by the Soviet bloc less net gold purchases by others. For each of the separate areas
shown the difference reflects net gold and dollar receipts (-}-) or payments (—) resulting from
their transactions with countries other than the United States, and from'unrecorded transactions with the United States.
2. Includes transactions with shipping companies operating under the flag of Honduras,
Liberia, and Panama.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CUEEENT BUSINESS
43
increased their outlays slightly, while
those visiting points in the interior of
2,386,000 in 1965, while the number of the United States spent about $85 milpersons traveling by sea declined by 14 lion, almost 20 percent above the previous year. Border receipts made up
percent to 237,000.
After a sharp drop in 1964, cruise 68 percent of total receipts from Mexitravel increased to 300,000 last year. can visitors last year, as compared with
Foreign-flag carriers continued to domi- 72 percent in 1964. Eelaxation of
nate the cruise trade, carrying almost U.S. immigration regulations in the late
270,000 U.S. residents, as compared summer of last year may have contribwith about 260,000 in 1964. U.S.-flag uted to the greater tendency to travel
ships carried about 32,000 cruise trav- beyond the immediate border region.
elers, nearly 10 percent of the total but Record number of oversea visitors
about 12 percent fewer than in 1964.
arrives here
elers from Europe numbered 112,000,
one-fifth more than in the year before,
and business travelers from Latin
America were more numerous by 19
percent.
Of 584,000 visitors from Europe and
the Mediterranean, about 68 percent
came on pleasure trips; the proportion
of pleasure travelers was slightly smaller
than in 1964. Total expenditures here
by Europeans amounted to about $185
million, an increase of 16 percent.
British visitors spent $62 million here
last year, one-third of the area total.
Visitors from South and Central
America and the West Indies, though
fewer in number than European visitors, spent an equal amount, $185 million, for their travel expenses in the
United States. This was 18 percent
more than the $151 million spent in
1964. Visitors from the Dominican
Eepublic were less numerous last year,
about 13 percent below the 53,000 in
1964. Their visits are often restricted
to neighboring Puerto Eico and their
expenditures are relatively small.
About 170,000 visitors came from
other oversea areas and spent nearly
$90 million. Those from Japan spent
$26 million here last year, as compared
with $25 million in 1964.
June 1966
Foreign Travel Payments
(Continued from page 17)
Foreign visitors spend more here
In contrast to 1964, expenditures of
Visitors from foreign countries spent visitors from overseas increased rela$1.4 billion for travel in the United tively more than their number. A 10States in 1965. This total includes percent increase in the number of over$165 million paid by foreign visitors to sea visitors to 1,204,000 resulted in U.S.
U.S. sea and air carriers for transporta- receipts of almost $460 million, 15 pertion to and from the United States. cent more than in 1964. In 1964, a
Travelers from Canada and Mexico ac- 30-percent increase in oversea visitors
counted for about 60 percent of the $1.2 brought a 20-percent increase in their
billion spent in the United States by outlays here. One reason that outlays
rose relatively more than the number
foreign visitors.
Canadian visitors spent a record $490 of visitors last year is that the sharpest
million here last year, surpassing their rise in numbers occurred among business
1960 expenditures for the first time. travelers (table 8). Business travelers,
Expenditures by Mexican visitors, at especially those from Europe and the
about $265 million, were 6 percent Mediterranean area, tend to spend more
higher than in 1964. Mexicans visiting per trip (and per day) in this country
only the U.S.-Mexico border area than pleasure travelers. Business trav-
flew or Revited STATISTICAL SERIES
Production of Electric Energy in 1964: Revised Data for Page S-26
[Millions of kilowatt-hours]
Industrial establishments
Electric utilities
By source
Month
Total
Total
By fuels
January
February
March
April
Mav
June
July
August
September
October
November
December
Year
___
_ _
__ _
91, Oil
84, 978
88,400
84, 907
87, 752
91,023
__.
_
_
96, 164
__
95,406
89, 897
89,704
88, 315
96, 184
_ _
Source: Federal Power Commission.
1,083,741
By source
By type of producer
By waterpower
Privately
and
municipally
owned
utilities
Other
producers
(publicly
owned)
Total
By fuels
By waterpower
82, 673
77, 024
79, 946
76, 701
79, 338
82, 660
68, 086
63, 135
63,921
60, 326
63, 388
68, 614
14, 586
13, 889
16, 025
16, 375
15, 950
14, 046
67, 249
62, 351
64,854
62,443
64, 527
68, 223
15, 424
14, 673
15, 092
14, 258
14, 812
14, 437
8,339
7,954
8,454
8, 206
8,414
8,363
8,044
7, 661
8,135
7,872
8,104
8,115
295
293
319
334
310
' 248
87, 991
87, 026
81, 764
81, 195
80, 045
87, 267
983,990
73,618
73, 026
68, 598
67, 058
65, 809
71,336
806, 917
14, 373
14, 000
13, 166
14, 137
14, 236
16, 291
177, 073
72,917
71, 829
67, 656
66, 850
65, 777
71, 770
806,446
15,075
15, 197
14, 108
14, 345
14, 268
15, 857
177, 544
8,173
8,380
8, 133
8, 509
8,270
8,557
99, 751
7,946
8,158
7,909
8,256
8,040
8,283
96, 523
227
222
223
253
230
274
3, 228
SUEVEY OF CUEEENT BUSINESS
44
June 1966
Money Supply and Related Data, 1959-64: Revised Data for Page S-19
[Billions of dollars]
Deposits and currrency (average of daily figures)
Money supply
Year and month
Total
Currency
outside
banks
Demand
deposits
Time
deposits
adjusted *
U.S. Government
demand
deposits i
(Unadjusted for seasonal variation)
1959:
January
February
March
April
Mav
June
July
August
September
October
November
December
Annual
1960:
January
February
Match
April
May
June
July
August
September
October
November
December
Annual
1961:
January
February
March
April
May
June
Julv
August
September
October
November
December
Annual
1962:
January
February
March
April
May
June
July
August
September
October
November
D ecpmber
Annual
1963:
January .
February
March. __
April
Mav
June
July
August
September
October
November
December
Annual
1964:
January
February
March
April
Mav
June
July
August
September
October
November
December.
Annual
_ _ _ _ _ _
_
__
___
_
-.
_
_
_
_ _
_
-_
_ _ _
_
_ _
__ __
—
_
_
_
_
_
__
__
_
•
_
- _ _
_
__
-
______
_ _ _
__
_ _ _ _ _ __
_
_
__ _
__^_
_
_
-
_ _
_
__ _
_
_ __ _ __ __
--
_
_
__
__ _ _
_.
_
_
___
Money supply
Currency
outside
banks
Total
Demand
deposits
Time
deposits
adjusted 1
(Adjusted for seasonal variation)
144.9
142.0
141.3
142.3
141.2
141.9
142. 7
142.2
142.7
143. 0
144.0
145.6
142.8
28.6
28.4
28.5
28.5
28.7
28.9
29.1
29.1
29.1
29. 0
29.2
29.5
28.9
116.3
113.6
112.8
113.8
112.5
113.0
113.5
113.0
113.6
113.9
114.8
116.1
113.9
65.6
65.8
66.2
66.7
67.0
67.4
67.5
67.4
67.5
67.4
66.8
66.6
66.8
3.2
4.3
3.7
4.6
5.2
4.0
4.9
5.1
5.2
4.9
4.7
4.9
4.6
141. 6
142. 0
142.5
142.7
143.2
143.4
144.1
143.6
143.3
142.9
142. 7
141.9
28.6
28.7
28.8
28.8
29.0
29.0
29.0
29.1
29. 0
29.0
28.9
28.9
112.9
113.2
113.7
113.9
114.2
114.3
115.1
114.5
114.3
113.9
113.8
113. 1
66.0
66.0
66.2
66.5
66.6
67.0
67.1
67.2
67.3
67.3
67.3
67.4
145.0
141.2
139.7
140.7
138.4
138.6
139.1
139.6
140.5
141.3
142. 1
144.7
140.9
28.9
28.6
28.7
28.8
28.8
28.9
29.1
29.1
29.1
29.1
29.3
29.6
29.0
116.1
112.6
111.0
111.9
109.6
109.7
109. 9
110.5
111.4
112.2
112.8
115. 2
111.9
66.8
66.6
67.0
67.5
67.8
68.3
69.1
70.0
70.7
71.4
71.5
72.1
69.1
4.1
4.1
4.3
3. 6
6.4
6.3
6.7
6.1
5.4
5.6
5.8
4.7
5.3
141.7
141.3
140.9
140. 8
140.3
140.1
140.4
140.9
141. 1
141.1
140. 8
141.1
29.0
29.0
29.0
29.0
29.0
29. 0
29.0
29.0
29.0
29.0
29.0
28. 9
112.7
112.4
111.9
111.8
111.3
111.1
111.5
112.0
112.1
112.1
111.8
112.1
67.2
66.9
67.0
67.3
67.4
67.9
68.7
69.7
70.5
71.3
72.1
72.9
144.5
141.6
140.8
142.5
140. 8
141.3
141.6
141. 6
143.1
144. 5
146.3
149.4
143.2
28.8
28.6
28.6
28.7
28.7
28.9
29.2
29.2
29.3
29.4
29.7
30.2
29. 1
115.6
113. 0
112.2
113.8
112.1
112.4
112.4
112.4
113.8
115.1
116.6
119. 2
114.1
73.2
74.6
75.5
76.5
77.7
78.6
79.5
80.2
80.9
81.5
81.5
81.8
78.5
4.1
4.8
4.7
2.8
4.7
4.5
4.3
5.5
5.2
6.4
5.8
4.9
4.8
141. 2
141.8
142.0
142. 3
142. 7
143. 0
143.0
143.3
143.9
144. 3
145. 0
145. 5
29. 0
29.0
28.9
28.9
28.9
28.9
29.0
29.1
29.2
29.3
29.4
29.6
112.3
112.8
113.1
113.4
113.8
114.0
114. 0
114. 3
114.7
115.0
115.5
116.0
73. 6
74.9
75.5
76.2
77.2
78.1
79.1
79.9
80.7
81.5
82.2
82.7
149.0
145.6
144.8
146.8
144.1
144.4
144.6
144.0
145. 0
146. 5
148.2
151.6
146.2
29.5
29.3
29. 5
29.7
29.7
30.0
30.3
30.3
30.3
30.4
30.8
31.2
30.1
119.4
116.3
115.3
117.1
114.4
114.4
114.3
113.7
114.6
116.2
117.5
120.3
116.1
83.6
85.6
87.7
89.2
90.0
91.1
92.2
92.9
93. 8
95. 0
95.5
96.7
91.1
3.8
4.7
5.0
3.8
7.0
7.2
7.0
6.8
7.2
7.3
6.0
5.6
5.9
145. 5
145.8
146.0
146.5
146.1
146.2
146.1
146.0
145.8
146.4
146. 9
147.5
29.6
29.7
29.8
30. 0
30.0
30.1
30.1
30.2
30.3
30.3
30.5
30.6
115. 8
116.1
116.2
116. 5
116.1
116.1
115. 9
115. 8
115.6
116.0
116.4
116. 9
84.1
86.0
• 87.6
88. 8
89.5
90.6
91.7
92.6
93.7
95.0
96.2
97.8
151.8
148.4
147.6
149. 8
147.5
148.3
149. 5
149.2
150. 6
152.5
154.8
157. 3
150.6
30.5
30.5
30.7
30.9
31.0
31.4
31.8
31.9
32.0
32,1
32.6
33.1
31.5
121.2
117.9
116.9
118. 9
116.5
116.9
117. 7
117.3
118.6
120.4
122.1
124. 1
119. 0
98.6
100.1
101.9
103.1
104.3
105.2
106.2
107.5
108.3
109.5
110.2
111. 0
105. 5
4.8
5.7
6.0
4.2
7.1
7.5
7.8
6.3
6.6
5.3
4.4
5.1
5.9
148. 0
148. 6
148.8
149.3
149.7
150.2
151.0
151. 3
151. 6
152.3
153.2
153. 1
30.7
30. 9
31.0
31.2
31.3
31.5
31.6
31.8
31.9
32.0
32.3
32.5
117. 4
117. 7
117.8
118.2
118.4
118. 8
119. 4
119.5
119.7
120.3
120.9
120. 6
99.1
100.3
101.6
102.7
103. 6
104.6
105.7
107.3
108. 4
109. 6
111. 1
112.2
157.7
153.7
152.9
154.9
152.2
153.4
155.0
155.0
157.1
159. 0
160.6
164.0
156. 3
32.4
32.3
32.6
32.8
33.1
33.4
33.7
33,9
33.9
34.1
34.6
35.0
33.5
125. 3
121.3
120.2
122.2
119. 2
120.0
121.3
121.1
123.2
124. 9
126.1
129.1
122.8
113.0
114.5
115. 7
116.7
118. 0
119.1
120. 0
121.1
122. 0
123.4
124.1
125.2
119.4
4.1
4.8
6.0
4.2
6.8
7.6
6.9
6.3
6.5
5.5
5.8
5.5
5.8
153. 6
153.8
154. 1
154. 5
154.5
155. 5
156.6
157.1
158.2
158. 8
' 159.1
159. 7
32.6
32.8
32.9
33.0
33.3
33.4
33.6
33.8
33.9
34.0
34.2
34. 2
121. 0
121. 1
121. 2.
121.4
121.2
122.1
123.0
123. 3
124. 3
124. 8
124.8
125.4
113.5
114. 6
115.3
116.2
117.3
118.5
119.4
121. 0
122.1
123. 5
125.1
126.6
* At all commercial banks.
SOURCE: Board of Governors of the Federal Keserve System,
U.S. GOVERNMENT PRINTING OFFICE : 1966 0—217-518
CURRENT BUSINESS STATISTICS
JLHE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SUKVEY
OF CUKEENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1963
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1963
I
II
1964
III
IV
I
Annual total
II
1966
1965
III
| IV
I
II
IV
III
I
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
589.2
628 7
676 3
577.0
583. 1
593. 1
603 6
614 0
624 2
634. 8
641.1
657 6
668. 8
681. 5
697.2
713.9
373.8
398.9
428 7
368.0
371.1
376.6
379.5
389.1
396.0
404.6
405.9
416.9
424.5
432.5
441.0
451. 8
53.4
24.3
21.9
58.7
25.8
24.7
65 0
30 0
26.0
52.2
23.6
21.4
52.6
23.9
21.4
54.1
24.6
22.1
54 9
24.9
22.7
57.4
25.5
23.9
59.1
25.7
25.1
60.5
27.1
25.0
57.9
24.8
24.8
64.6
30.3
25.5
63.5
29.3
25.4
65.4
30.3
26.0
66.4
30.1
27.3
68.7
31.3
28.0
168. 0
30.5
88.2
13.5
177. 5
33.3
92.3
14.0
189 0
35.1
98.4
14 7
166.6
30.3
87.5
13.3
167.4
30.2
88.1
13.4
169.2
31.1
88.5
13.5
168.9
30.6
88:7
13.7
173. 7
32.3
90.6
14.0
175.7
33.2
91.3
13.9
179.8
33.8
93.3
14.0
180.9
34.0
94.1
14.2
182.8
34.3
94.8
14.2
187.9
35.0
97.3
14.7
190.5
35.2
99.3
14.8
195.0
35.9
102.2
15.0
200.1
37.7
103.8
15.5
do
do
do
do
152.3
23.1
55 5
11.4
162.6
24.4
59 5
11.7
174 7
25.8
64 7
12 2
149.2
22.8
54 5
11.3
151. 1
22.8
55 3
11.4
153. 3
23. 5
55 7
11.4
155. 7
23.3
56 5
11.5
158. 0
23.6
57 5
11.7
161. 2
24.4
58 8
11.7
164.3
24.8
60 1
11.8
167. 1
24.8
61 4
11.9
169.5
24.9
62.7
11.9
173.1
25.5
64.0
12.1
176.7
26.3
65.3
12.3
179. 6
26.6
66.7
12.5
183.0
27.0
68.0
12.7
Gross private domestic investment, totaL____do
86.9
92.9
105. 7
82.6
84.8
87.9
92.4
89.7
90.9
92.6
97.7
103.4
102. 8
106.2
110.3
•111.7
81.2
54.3
19.7
34.6
26.9
26. 3
88.1
60.5
21 1
39.4
27. 5
27 0
4.8
5.4
97.4
69.8
24 3
45.5
27.6
97 1
8.2
7.9
78.1
52.1
19.0
33.1
26.0
25 4
4.5
80.1
53.4
19.2
34.2
26.7
26.1
4.7
4.2
82.1
55.1
20.0
35.1
26.9
26.4
5.8
5.2
84.3
56.5
20 5
36.0
27.9
27 3
81
6.9
86.5
58.1
20.7
37.5
28.4
27 8
3.3
3.6
86.8
58.9
21. 1
37.9
27.9
27 3
4.1
5.1
88.8
61.6
21.1
40.5
27.2
26.6
3.8
4.6
90.2
63.5
21.5
42.0
26.7
26.2
7.5
7.8
94.6
66.9
23.2
43.7
27.7
27.1
8.8
9.2
96.4
68.4
24.5
43.9
28.0
27.5
6.4
6.6
98.6
70.9
24.2
46.7
27.7
27.1
7.6
7.0
100.2
73.0
25.4
47.6
27.2
26.7
10.1
8.9
103.6
75.5
26.9
48.5
28.2
27.6
8.1
7.4
Gross national product, total
bil. $
Personal consumption expenditures, total _ do
Durable goods, total 9
Automobiles and parts
_ _ _ _
Furniture and household equipment
do
do
do
Nondurable goods, total 9 _ —
Clothing and shoes
__ _
Food and beverages
Gasoline and oil__
do
__ _ do _
do
do
Services, total 9
Household operation _ _ _ _ _
Housing
Transportation
_
Fixed investment _ _
do
Nonresidential
__;
_ __ do __
Structures
do
Producers' durable equipment
do
Residential structures.
_ _ _ _ _ do_
Nonfarm
do
Change in business inventories
do
Nonfarm. _
_
_ _
do
5.7
4.9
O
0
do
do
do
5.9
32.4
26 4
8.6
37.0
28 5
7.1
39.0
31 9
4.5
30.0
25 6
6.2
32.4
26 2
5.7
32.6
26 9
7.3
34.4
27 1
8.8
36.3
27 5
7.7
36.0
28 2
8.8
37.3
28 5
8.9
38.4
29 5
6.0
34.7
28.6
8.0
40.4
32.4
7.4
40.1
32.7
6.9
40.8
33.9
6.4
41.7
35.3
Govt. purchases of goods and services, total__do
Federal
do
National defense _
_
do
State and local
do
122.6
64.4
50.8
58 3
128. 4
65.3
49.9
63 1
134.8
66.6
49.9
68.2
121.9
65.4
51.5
56.5
120.9
63.6
50.5
57 4
123.0
64.2
51.0
58.8
124. 3
64 4
50.3
59 9
126.3
65.0
49.8
61 3
129.7
67.0
51.7
62.7
128.7
64.9
49.5
63 8
128.6
64.3
48.8
64.3
131.3
64.9
48.8
66.4
133.5
65.7
49.2
67.8
135.4
66.5
49.8
68.9
139. 0
69.2
52.0
69.8
144.0
72.5
55.0
71.5
By major type of product:
Final sales, total ___
__
_ _ ••_
Goods, total
_ _ _ _ _ _
Durable goods
Nondurable goods
Services
_ _
_.
Structures
_
do
do
do
do
do
do
583.5
291.1
113.1
178 1
226. 9
65.5
623.9
311.3
122.8
188 4
244.0
68 6
668.1
333.4
133.5
199.9
261.0
73.7
572. 5
287.2
109.8
177.4
222. 1
63.2
578.4
289. 2
112.0
177.2
225. 1
64.1
587.3
292.9
114.3
178.6
228.2
66.2
595.5
295 3
116.2
179 1
232.1
68 0
610.7
304 9
120. 1
184 9
237.3
68.5
620.1
308. 3
121.6
186 8
242.8
69 0
631.0
316.0
125.4
190.6
246.4
68.6
633.6
315. 8
124.3
191.5
249.7
68. 1
648.8
322.8
130. 1
192.8
253.8
72. 1
662.4
329.1
130.3
198.7
259. 0
74.2
673.9
337.1
135.4
201.7
263.0
73.9
687.1
344.6
138.0
206.5
268. 0
74.5
705.8
354.6
142.5
212.0
273.8
• 77.4
do
do
do
5.7
2.8
2.9
4.8
3.3
1.5
8.2
6.1
2.1
4.5
2.0
2.5
4.7
3.4
1.4
5.8
2.3
3.5
8. 1
3.8
4 3
3.3
2.2
1.1
4.1
3.5
.6
3.8
2.7
1. 1
7.5
4.4
3.1
8J8
7.1
1.6
6.4
6.2
.2
7.6
6.5
1.0
10.1
4.4
5.7
8.1
5.0
3.1
560. 0
567.1
575. '9
582.6
584.7
597.7
603. 5
613.0
624.4
633. 6
356.4
364.5
369.8
377.3
376. 8
386.1
390.5
396.9
403. 3
409.9
60.2
171.6
145.5
57.9
171.8
147.1
64.5
173.2
148. 4
63.4
176.4
150.7
66.4
177.8
152. 7
67.9
181.0
154.4
70.7
182.9
156.3
86.0
90.2
95.4
94.2
96.9
100.5
100.9
88.1
63.7
24.4
6.2
89.7
66.0
23.7
7.2
90.7
67.6
23.1
9.8
93.1
69.3
23.8
7.7
Net exports of goods and services
Exports.
_
Imports
Inventory change, total
Durable goods
Nondurable goods
GNP in constant (1958) dollars
Gross national product, total
_ •.
Personal consumption expenditures, total
Durable goods
_ __
Nondurable goods _ _
Services
J _
Gross private domestic investment, total
Fixed in vestment __ _
Nonresidential
___
Residential structures
Ch ange in business inventories
Net exports of goods and services
_
bil. $
550. 0
577. 6
609.6
541.2
544.9
553. 7
do
352.4
372.1
394.2
348.3
350.0
355.1
do
do
do
53.2
161.8
137 3
58.5
169.4
144 2
65.6
177.1
151.5
52.0
161.0
135.3
52.3
161.2
136.5
54. 1
163.0
138.0
54.7
162.1
139 6
57.0
166.4
141.1
58.7
167.8
143.3
do
82.3
86.3
96.8
78. 7
80.5
83.0
86.9
83.8
85.2
do
do
_ __do _
do
do _
Govt. purchases of goods and services, total. _do
Federal. _ _
do
State and local.
do
r
Revised.
* Preliminary.
217-518 O-66-4
76.6
51.9
24.7
5.7
81.7
57.1
24.6
4.6
88.8
65.0
23.9
7.9
74.2
50.0
24.2
4.4
75.8
51.2
24.6
4.6
77.2
52.6
24.6
5.8
79.0
53.7
25.3
7.9
80.7
55.1
25.7
3.0
80. 7
55.7
25.0
4.5
82.2
58.1
24.1
3.8
83.1
59.6
23.6
7.1
86.8
62.5
24.3
8.6
5.6
8.5
6.0
4.0
5.8
5.5
7.1
9.0
8.1
8.7
8.3
5.1
6.6
6.2
6.2
5.7
109.8
59 7
50.0
110.7
57 8
52.8
112.7
57 1
55.6
110.3
61 3
49.1
108.7
59 2
49.5
110.0
59 7
50.3
109.6
58 7
50.8
109.9
58.2
51.7
112.8
59 9
52.9
110.5
57.1
53.4
109.4
56.1
53.3
111.2
56.4
54.8
112.1
56.8
55.3
113.0
57.0
56.0
114.3
58.2
56.2
117. 1
60.2
56.8
9 Includes data not shown separately.
s-l
SUKVEY OF CUKKENT BUSINESS
S-2
1965
1964
Unless otherwise stated, statistics through 1964 1963
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual total
1964
1963
III
June 1966
IV
I
II
1966
1965
III
IV
I
II
III
IV
I
II
III
GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income total
foil
$
C ompensation of employees total
do
Wages and salaries, total
do
Private
- do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' income total 9
do
Business and professional 9
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
foil
$
By broad industry groups:
Financial institutions
do
Nonfinancial corporations, total
-_do__-_
Manufacturing total
do
Nondurable goods industries
do
Transportation, communication, and public
utilities
bil. $
All other industries
do
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Dividends
do
Inventory valuation adjustment
do
Net interest
do
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil $
Less* Personal tax and nontax payments
do
Equals: Disposable personal income _ _
__do
Less: Personal outlays©
do
Equals* Personal saving§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
-___
bil. $
Manufacturing.
;___
_ _ do
Durable goods industries
do
Nondurable goods industries
do
Mining
_
do
Railroad
do
Transportation, other than rail
do
Public utilities. _.
do
Communication
do
Commercial and other
do
Seas. adj. qtrly. totals at annual rates:
All industries
__:
do _
Manufacturing
do
Durable goods industries
do
Nondurable goods industries __ _ _ _ do _
Mining
do
Railroad.do
Transportation, other than rail
do _
Public utilities
do
Communication
do
Commercial and other
do _
U.S.
BALANCE OF
INTERNATIONAL
52.6
31.8
51.1
39.1
12.0
18.2
554.7
391.9
357.4
288.5
12.4
56.5
34.5
54.5
40.3
14.3
18.6
484.6
343.0
312.9
253.2
10.7
49.1
30.1
50.9
37.9
13.0
17.7
492.6
349.5
318.8
257.4
11.6
49.9
30.7
51.0
38.0
13.0
18.0
501.6
355.1
324.2
261.6
11.6
51.0
30.8
50.4
38.5
11.9
17.9
510.5
361.9
330.4
266. 9
11.6
51.9
31.5
51.0
39.0
12.0
18.1
519.5
369. 0
336.8
271.7
11.7
53.3
32.2
51.4
39.4
12.0
18.3
526.3
375. 4
342.6
276.5
11.9
54.3
32.7
51.8
39.6
12.2
18.5
540.6
382.4
348.9
282.0
11.8
55.0
33.5
51.9
39.9
12.0
18.5
549. 5
387. 9
353.6
285.9
11.8
55.9
34.3
54.6
40.1
14.5
18.6
557.9
393.7
359. 0
290.0
12.3
56.7
34.7
55.4
40.4
15.0
18.6
570. 8
403. 6
368.1
296.1
13.7
58.3
35.5
56.2
40.7
15.5
18.7
' 587. 7
416.2
377.0
303.1
14.4
59.5
39.2
56.9
41.0
15.9
18.8
58.1
64.5
73.1
59.1
59.6
63.6
64. 5
65.5
64.9
71.7
72.0
73.5
75.2
'78.1
7.5
50.6
28.7
13.2
15.4
8.0
56. 5
32.1
14.9
17.2
8.9
64.2
37.5
16.8
20.7
7.5
51.6
29.5
13.4
16.1
7.4
52.2
29.7
13.5
16.1
7.5
56.2
31.9
14.4
17.5
7.8
56.7
32.1
15.0
17.1
8.4
57.0
32.5
15.0
17.5
8.5
56.4
32.3
15.3
17.1
8.3
63.4
37.3
16.6
20.8
8.9
63.2
36.7
16.6
20.1
9.2
64.3
37.3
16.6
20.7
9.3
65.9
38.8
17.4
21.3
9.1
69.0
41.6
18.5
23.2
9.2
12.7
58.6
26. 0
32.6
15.8
16.8
-.4
13.6
10.0
14.3
64.8
27.6
37.2
17.2
19.9
-.3
15.2
10.8
15.9
74.7
30.1
44.5
18.9
25.6
-1.6
16.5
9.5
12.6
58.9
26.1
32.8
15.8
17.0
.2
13.9
9.4
13.1
60.8
27.0
33.8
16.1
17.7
-1.2
14.5
9.9
14.5
64.0
27.3
36.7
16.7
20.0
-.4
14.5
10.1
14.5
64.5
27.5
37.0
17.1
19.9
.0
15.0
10.2
14.4
65.3
27.8
37.5
17.4
20.1
.2
15.4
10.1
14.0
65.9
28.1
37.8
17.7
20.0
-1.0
15.7
10.5
15.5
73.1
29.5
43.6
18.0
25.7
-1.4
16.1
10.5
16.0
73.9
29.8
44.1
18.6
25.5
-1.8
16.4
11.0
16.0
74.6
30.1
44.5
19.2
25.3
-1.2
16.7
10.9
16.2
77.0
31.1
45.9
19.9
26.0
-1.8
17.1
10.9
16.5
'80.9
'32.6
'48.3
20.6
'27.7
-2.8
17.6
464. 8
60.9
403.8
383.4
20.4
495.0
59.2
435.8
409.5
26.3
530.7
65.4
465.3
440.5
24.9
467.1
61.0
406.1
386.3
19.8
475.6
61.6
414.0
389.5
24.4
483.0
60.4
422.6
399.3
23.3
490.6
56.9
433.6
406.3
27. 3
499.1
58.8
440.3
415.3
25.0
507.1
60.7
446.4
416.9
29.5
516.2
64. 8
451.4
428.1
23.3
524.7
66.2
458. 5
436.1
22.4
536. 0
64.8
471.2
444.4
26.8
546.0
65.7
480.3
453.2
27.1
557.1
68.3
488.7
464.4
24.4
39.22
15.69
7.85
7.84
1.04
1.10
1.92
5.65
3.79
10. 03
44.90
18.58
9.43
9.16
1.19
1.41
2.38
6.22
4.30
10.83
51.96
22.45
11.40
11.05
1.30
1.73
2.81
6.94
4.94
11.79
10.14
3.95
1.96
1.99
.27
.29
.45
1.60
.93
2.64
11.09
4.56
2.31
2.25
.28
.33
.54
1.61
1.06
2.72
9.40
3.79
1.93
1.87
.26
.32
.51
1.18
.97
2.37
11.11
4.53
2.30
2.23
.29
.36
.63
1.58
1.10
2.61
11.54
4.67
2.37
2.30
.30
.37
.59
1.71
1.06
2.84
12.84
5.59
2.83
2.76
.33
.35
.64
1.76
1.17
3.01
10.79
4.54
2.25
2.28
.29
.39
.58
1.32
1.08
2.59
12.81
5.47
2.76
2.70
.33
.44
.77
1.71
1.24
2.85
13. 41
5.73
2.91
2.82
.32
.44
.72
1.88
1.22
3.10
' 12. 77 1J15. 17
14.95
6.72 '5.61 '6.74
'3.44
3.48 '2.87
3.24 '2.74 '3.30
'.33
'.36
.35
'.40
.51
.46
'.75
.73
'.97
2.04 '1.60
'1.97
1.41
1.26
3.25 '2.83 '34.62
481.1
341.0
311.2
251.6
10.8
48.8
29.8
50.8
37.8
13.0
17.6
514.4
365.3
333.5
269.2
11.7:
40.00
15.95
8.00
8.00
1.05
1.20
1.85
5.90
3.85
10.20
41.20
16.45
8.30
8.15
1.05
1.35
2.10
5.80
4.05
10.45
42.55
17.40
8.85
8.55
1.15
1.40
2.30
5.95
4.05
10.25
43.50
17.80
9.00
8.80
1.15
1.25
2.25
6.30
4.30
10.45
45.65
18.85
9.60
9.20
1.20
1.50
2.40
6.30
4.40
11.00
47.75
20.15
10.15
10.00
1.30
1.55
2.60
6.35
4.40
11. 40
49.00
20.75
10.40
10.40
1.25
1.75
2.55
6.80
4.55
11.30
50.35
21.55
10.80
10.70
1.30
1.55
2.70
6.85
4.80
11.60
52.75
23.00
11.75
11.25
1.25
1.70
3.00
6.75
5.05
11.95
55.35
24.15
12.45
11.70
1.35
1.95
3.00
7.30
5.30
12.25
2 15. 66
6.84
3.46
3.38
.36
.54
.89
2.23
34.80
2 61. 65
27.55
14.00
13.50
1.40
2.10
3.65
8.10
58. 00 '159.60
25. 60 ' 26. 60
13. 15 ' 13. 55
12. 45 ' 13. 05
'1.40 ' 1. 40
'1.75 '1.85
3.30 ' 3. 40
' 8. 25 '7.80
5.35
' 12. 35'318.50 3 18. 85
'
'
'
'
PAYMENTS^
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
•__
mil. $__ ' 32, 339 ' 36, 958 ' 38, 993 ' 8, 135 ' 8, 564 ' 9, 112 ' 9, 001 ' 9, 308 ' 9, 537 ' 8, 776' 10, 136 ' 10, 016' 10, 06 P 10, 416
Merchandise, adjusted, excl. military
_ _ d o ' 22, 071 '25,297 ' 26, 276 ' 5, 633 ' 5, 949 ' 6, 156 ' 6 092 ' 6, 389 ' 6, 660 '5,625 ' 6, 798 '6,826 '7,02 P 7, 121
P194
'21
'199
'162
'229
'200
'20
Military sales
do
'198
'186
'747
'844
'103
'145
'657
Income on U.S. investments abroad
do
' 4, 654 '5,392 ' 5, 901 ' 1, 148 ' 1, 183 ' 1 402' 1, 369 ' 1, 368 ' 1, 253 ' 1, 561 '1,616 ' 1, 470 '1,25 p 1 532
'1,52
'1,56
p
1,
569
'
1,
390
'
1,
493
'
1,
389
' 1, 423
Other services
do
' 4, 957 ' 5, 522 ' 5, 972 '1,251 '1,287 ' 1, 356 ' 1, 354
Imports of goods and services
do
'-26,442 '-28,468 '-32,036 '-6, 728 '-6, 784 '-6,850 '-7, 032 '-7, 196 '-7, 390 '-7, 164 '-8, 087 '-8,24 '-8, 54 p-S, 908
p-6,003
'-5,
59
'-5,
75
'-4,
752
'-4,
656
'-5,
481
'-4, 90
Merchandise adjusted excl military
do
'-16,992 '-18,621 '-21,488 '-4, 344 '-4,372 '-4,389 '-4, 579
p-837
'-77
Military expenditures
do
'-2,936 '-2,834 '-2,881 '-719 '-719 '-740 ' 725 '-686 '-683 '-664 '-701 '-74
p-435
'-45
'-373 '-404 '-41
Income on foreign investments in the U.S__do___. '-1, 271 '-1, 404 '-1, 646 '-322 '-352 '-339 '-344 '-349 '-37
Other services
.
do
'-5, 243 '-5, 609 '-6,021 '-1,343 '-1, 341 '-1,382 '-1,384 '-1,409 '-1, 434 '-1, 471 '-1, 50 '-1, 49 '-1,55 p-1, 633
Unilateral transfers, net (excl. military grants);
'-64
p-858
'-662 '-768 '-71
transfers to foreigners ( — )
mil $
'-2, 784 '-2,765 '-2, 794 '-727 r_702 '-683 '-717 '-694 '-67
Transactions in U.S. private assets, net; increase
'-91
p-888
(— )
mil $
'-4,456 '-6, 523 '-3, 690 '-670 '-1, 106 '-1, 360 '-1,385 '-1,589 '-2, 18 '-1,605 '-346 '-82
Transactions in U.S. Govt. assets, excl. official
'-47
p-336
'-367 '-469 '-26
reserve assets* increase ( — )
mil $
'-94 '-486 '-291 '-350 '-415 '-61
'-1, 664 '-1,674 r i 575
Transactions in U.S. official reserve assets, net;
*42
'4
'27
'842
'6
'70 '-15
'-5
increase ( — )
mil $
'171 ' 1, 222 '227
'303
'378
Transactions in foreign assets in the U.S., net (U.S.
'24
*378
'31
'180 '-42
'719 '1,84
'419
liabilities)' increase (+)
mil $
'33
'309
'109
'2,981 ' 3, 312
'358
*13
'49
'7
'-145 '-29
'547 '1,53
Liquid assets
do
'24S
'299
' 2, 292 '2,627
'133
'-27 , '143
*>23
'23
'-25
'172
'32
'-13
Other assets
do
'685
'12
'31
'176
'136
'8
'689
'215
r_g
*-22S
'-24
'-10
'-203 '-36
Unrecorded transactions
do
'-15
'-352 '-1,011 '-429 '-252
'16
'-29
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
'-35
p-56
'226 '-53
'-697
'-617 '-1,38
all foreigners* decrease ( — )
mil $
'-24
'-55
'-2, 67C '-2, 798 '-1, 35 '-200 '-13
Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
p-24
'23 '-1, 15
'-84
'23
'-618
'-23
official agencies' decrease ( — )
mil $
'-14
'-32
'-2,044 '-1, 546 '-1, 30
'
'-9
' Revised.
* Preliminary.
9lideludes i nventory valuatic n adjust ment.
1
Estimates for Apr.-June 1966 based on anticipated capita 1 expenditures of 1Dusiness.
0F ersonal outlays c omprise personal consum ption expenditur es, inter<jst paid by con2
Estimates for July-Sept. 1966 based on antici pated caj)ital expe nditures of busirICSS.
sume rs, and personal t ransfer p ayments to foreigilers.
Anticipated expenditures for the year 1966 are as folio ws (in bil $): All industries, 60.78; m£mu§Pe rsonal sa ving is e xcess of d isposablc5 income over per sonal out lays,
facturing, total, 27.02; durable goods industries, H .78; noiid urable go ods industries, 1,J.24;
<?*,lore com plete det ails are §£ven in t he quart erly revi ews in tl le Mar., June, Sept., and
mining, 1.42; railroad, 2.05; transportation, 3.49; pu blic utiliti es, 7.99; commercial and o ther
Dec. issues of the SUR\rrsr.
(incl. communication), 18.80.
3 includes communi cation.
SURVEY OF CURRENT BUSINESS
June 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965 v
1966
1965
Apr.
Annual
S-3
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
May v
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
495.0
530.7
520.5
525.0
528.5
530.4
532.1
i 534. 8
545.4
541.3
546.1
550.9
552. 5
557.4
561.4
563.1
565. 5
333.5
133.9
107.2
81.1
357.4
143.9
115. 5
86.5
351.5
141.4
113.6
85.6
353.9
142.3
114. 1
86.2
355.4
143. 1
114. 8
86.5
357.4
144.0
115.6
86.8
358.8
144.6
116.1
87.0
360.8
144.7
116.4
87.2
364.7
146.1
117.5
87.8
368.3
148.1
119. 1
88.2
371.3
149.5
120.0
88.7
373. 8
150. 4
121.1
89.4
377.3
152.4
123. 0
89.9
379.9
153.7
123.7
90.2
'381.6
' 154. 2
' 124. 7
90.4
383.8
155. 0
125.5
90.8
do
do
do
54.1
64.3
16.5
58.1
68.9
18.2
57.2
67.4
18.0
57.6
67.7
18.1
57.8
68.0
18.2
58.2
68.3
18. 3
58.5
68.7
18.4
58.8
70.1
18.4
59.6
71.3
18.6
60.0
72.0
18.9
60.4
72.6
19.0
60. 7
73.2
19.2
61.0
74.0
19.3
61.4
74.6
19.5
61.6
'75.3
19. 6
61.9
76.0
19.7
___do
do
39.1
12.0
40.3
14.3
40.0
12.9
40.1
14.7
40.1
15.9
40.3
15.2
40.4
14.9
40.5
14.9
40.6
15.3
40.7
15.5
40.8
15.7
40.9
15.7
41.0
15.9
41.2
16.1
41.3
'15.7
41.4
15.5
18.2
17.2
34.3
36.6
18.6
18.9
37.1
39.2
18.6
18.2
36.5
37.8
18.6
18.5
36.7
37.4
18.6
19.1
37.0
37.2
18.6
19.0
37.2
37.6
18.6
19.2
37.5
37.7
18.6
19.5
37.7
148.4
18.7
19.7
37.9
39.3
18.7
19.9
38.2
39.6
18.7
20.2
38.5
40.3
18.8
20.4
38.9
41.4
18.8
20.6
39.4
41.8
18.9
20.6
40.0
42.0
18.9
20.7
'40.4
'41.9
19.0
20.7
40.7
41.8
bil. $
Wage and salary disbursements, total
do
Commodity-producing industries, total-do
Manufacturing
_
do
Distributive industries.
do
Service industries
Government. .
Other labor income
Proprietors' income:
Business and professional
Farm
Rental income of persons
do
Dividends.
do
Personal interest income
do
Transfer payments. _ _
do
Less personal contributions for social insurance
bil. $-
Total nonagricultural income
_.do
12.4
13.2
12.9
13.0
13.1
13.2
13.3
13.4
13.5
13.6
13.7
16.6
16.8
16.9
16. 9
17.0
478.7
512. 1
503.2
505. 8
508.2
510. 8
512.9
i 526. 2
521.7
526. 3
530.7
532.5
537.2
540.9
' 543. 0
545.6
39, 068
41,380
2,549
2,574
2,922
3,152
3,864
4,521
5,263
4,370
3,751 P 3, 713 p 2, 921 9 3, 139
P2.885
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments (48 States), total
'
mil. $
Farm marketings and CCC loans, total
do
Crops
____
do
Livestock and products, total 9
do
Dairy products
do
Meat animals. _
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1957-59=100._
Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1957-59—100
Crops
do
Livestock and products
do
36, 899
17, 135
19, 764
5,008
11, 090
3,335
38, 930
17, 143
21, 787
5,086
12, 873
3,523
2,466
804
1,662
438
916
267
2,546
823
1,723
454
972
261
2,896
1,106
1,790
438
1,050
278
3,046
1,297
1,749
413
1,029
291
3,224
1,336
1,888
405
1,146
318
3, 903
1,883
2,020
397
1, 275
332
4,923
2,770
2,153
422
1,359
358
4,287
2.208
2; 079
410
1,309
348
3,698
1,773
1,925
437
1,133
332
3,648
1,719
1,929
429
1,170
297
2,754
884
1,870
405
1,149
281
114
124
107
121
125
118
92
70
108
95
72
112
108
96
116
113
113
114
120
116
123
145
164
131
183
241
140
160
192
135
138
155
125
p 136
150
125
p 102
77
121
p 110
69
141
P103
67
130
118
119
117
118
120
117
86
48
114
87
51
114
105
91
115
114
117
111
118
116
119
140
160
126
181
242
135
160
200
129
132
158
113
p 131
158
111
*90
74
103
P93
56
120
p87
48
115
' 154. 4
2,965
792
2,173
462
1,339
337
2,766
767
1,999
460
1, 189
308
INDUSTRIAL PRODUCTION
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities)
By industry groupings:
Manufacturing, total. __
Durable manufactures
Nondurable manufactures
Mining
_
Utilities
By market groupings:
Final products, total
Consumer goods
_
Automotive and home goods
Apparel and staples
Equipment, including defense
Materials.
Durable goods materials
Nondurable materials
141. 6
142. 6
145.2
139.3
143.2
145.9
149.9
148.1
146.6
148.3
'152.0
144.9
148.4
140.7
114.4
161.0
143.4
147.5
138/2
113.0
144.6
149.0
139.0
114.4
147.2
151.7
141.5
115.9
140.3
144.9
134.6
112.3
143.9
143. 3
144.7
118.2
147.5
148.3
146.5
114. 2
152.3
154.6
149.4
118.4
150. 5
154.5
145.5
117.2
148.3
155.4
139.3
117.4
149.9
156.3
141.9
115.6
' 154.1 ' 157. 0 '
' 160. 2 ' 163. 8 '
' 146. 5 ' 148. 3 '
116. 9 ' 118. 5 '
do
do
_ do
do
do
131.8
131.7
142.8
128.1
132.0
142.4
140.2
159.9
134.0
146.9
138.5
136.9
162.6
128.7
142.0
139.8
137. 8
163.6
129.6
144.2
143.2
141.6
165. 8
133.9
146.8
138.3
135.2
147.0
131.4
144.9
141.1
138.9
129.6
141.8
145.9
145.7
143.8
148.4
142.3
149.7
151. 4
150.1
174.9
142.2
154. 2
148.7
145.2
173.4
136. 2
156.1
146.4
140.0
168.7
130.9
160.3
148.5
142.2
167.4
134.1
162.1
'151.6
' 145. 6
170.7
' 137. 6
' 164. 6
do
do
do
132. 8
131.2
134.3
144.1
144.2
144.0
144.3
144.4
144.3
145. 0
146.9
143.1
147.0
149.5
144.5
140.3
142.9
137.5
145.1
144.5
145.7
146.2
146.6
145.8
148. 6
147.6
149.7
147.6
145.4
149.9
146.8
145. 9
147.7
148.1
147.4
148. 7
' 152. 4 r 155. 4
' 151. 7 ' 155. 8
' 153. 1 r 155. 0
' 154. 7
156.4
157. 8
165. 0
148. 8
114. 9
159.3
166.8
149.9
120.8
' 153. 4
152.8
' 146. 7 ' 145. 6
' 172. 9 ' 173. 1
138.3
' 167. 8 ' 168. 3
153.8
145.8
170
170.9
156.4
158.3
154.4
158.6
161
156
' 153. 3 ' 153. 6
154.8
do
132.3
143.3
140.9
141.6
142.7
144.2
144.5
143.5
145. 1
146.4
148.7
150.2
'151.9
133.1
144.9
142.4
143.1
144.1
145.7
146.0
145.2
146.7
148.2
150. 6
152.4
' 154. 1 ' 155. 6
' 156. 3
157.1
D urable manufactures 9
Primary metals _
Iron and steel
Nonferrous metals and products
Fabricated metal products . .
Structural metal parts
-do
do
do
do
do
do
133.5
129.1
126.5
138.3
132.7
130.3
148.4
137.5
133.6
152.1
147.8
145.4
145.5
141.4
141.2
153.6
147.4
144.3
146.4
140.2
139.7
153. 4
146.0
142.7
148.1
143.0
143.3
146.1
146.4
144.3
150.0
148.7
152.1
138.4
148.0
145. 5
150.5
146.5
143.3
149.0
147.5
145.0
148.2
131.2
125.0
152.3
147.0
144.7
150.3
123.7
115.8
155.0
150.9
148.2
151.3
119.4
110.5
158.8
153. 6
152.6
155.0
126. 5
118.2
162.1
156.3
154.0
157.6
130. 8
122.9
159.1
157.0
154.2
' 162. 8
' 133. 6 ' 141. 4 ' 143. 0
128.7 ' 136. 1
137. 2
' 164. 0
169.5
r 168. 5
' 160. 7 ' 160. 7 ' 160. 9
158.9 r 158. 9 ' 159. 3
163.7
148
143
Machinery
Nonelectrical machinery...
Electrical machinery
Transportation equipment 9
Motor vehicles and parts.. .
Aircraft and other equipment
do
do
do
do
do
do
141.4
142.1
140.6
130.7
150.1
112.4
160.4
160.3
160.6
149.2
175.2
125.3
155.4
155.2
155.8
144.6
173.2
118.6
166.9
157.0
156.8
147.3
175.5
121.7
159.0
159.4
158. 4
149.5
178.0
123.3
160.6
161.7
159.2
149.8
177.4
124.1
161.4
162.4
160.1
151.5
177.5
127.3
162. 3
162.4
162.1
149.4
175.2
125. 6
166.0
165.8
166.2
155. 0
177.1
134 *
167. 5
166. 9
168.4
157. 3
178.0
138.0
170.7
169.2
172.8
160.7
179.2
143.4
174.3
171.9
177.6
163.1
176.7
150.1
Instruments and related products
Clay, glass, and stone products
Lumber and products...
Furniture and
fixtures
Miscellaneous manufactures— _
do
do
do
do
do
136.4
126.0
112.6
143.4
133.4
151.4
133.5
117.4
157.4
146.0
145.5
129.9
114.2
155.6
143. 2
147.0
130.3
117.1
156.5
143.6
149.8
131.6
112.8
156.8
143.6
152.1
132.6
115. 4
155.8
143.5
152.6
133. 5
117.2
156.3
146. 6
155.7
133.8
116.2
156.8
147.1
158. 0
134.4
118.3
159.7
150. 4
159.0
135.5
119.1
162.6
153.0
162.2
137.6
125.4
164.3
155.5
166.0
139.4
125.6
165.4
151.2
'169.4 '.171.9 ' 174. 8
' 141. 4 ' 143. 2 ' 143. 0
129. 4
126.5 ' 126. 6
169.6
166.8 r 168. 8
155. 3 ' 156. 8 ' 156. 4
do
do
do
do,___
do
132.6
122.9
134.1
102.6
133.4
140. 7
134.8
145.0
107. 8
142.3
138.5
132.2
144.3
105.0
140.0
138.8
131. 6
145.3
110. 9
140.9
139.0
132.2
145.4
105.1
139.4
140.4
133.8
143.8
107.7
142.1
140. 4
134.8
141.9
107.0
141.1
141.3
135.7
143. 8
108.2
143.9
142.1
137. 7
145.7
109.3
143.6
144. 2
139.4
147.2
110.1
147.4
145.1
140.3
148.5
113.9
147.7
146.0
140.1
146.9
111.7
148.4
' 147. 0
' 140. 7
' 148. 3
110.1
' 148. 5
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products.
T
143.3
133.1
133.5
132.6
111.3
151.3
do
Seas, adj., total index (incl. utilities)
By industry groupings:
Manufacturing, total
1
132.3
do
do
-do
do
do
1957-59 =100. _
Revised. v Preliminary.
Italicized total excludes and other footnoted figiires inclu<le retroactive luni p-sum p>ay-
' 159. 7
176.7
174.4
179.8
163.2
175.5
151.6
r 161. 6
176.2
r
174.0
'179.2
' 165. 8
' 178. 1
' 154. 3
'
'
'
'
178.1
174.8
182. 4
166. 2
176. 7
157. 0
' 148. 0 ' 148. 2
141.6
r 140. 7
149.1
110.5
150.0
' 153. 2
162
158
180
176
184
164
169
160
177
142
172
158
148.9
ment o f social security benefits disburc ements of $885 million p>ut on aiinual rat e basis
amount ed to $1 3.6 billioia.
91ncludes data for items no t shown separate iy.
SURVEY OF CUEEENT BUSINESS
S-4
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965 v
1965
Apr.
Annual
June 1966
May
June
July
Aug.
1966
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May p
r 138 4
139
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Quantity Output—Con.
Seasonally adjusted indexes— Continued
By industry groupings— Continued
Nondurable manufactures— Continued
Printing and publishing
1957-59=100
Newspapers
do__.
Chemicals and products
__do
Industrial chemicals
do_ _
Petroleum products __ _ _ _ _ _ _ _ _ _ _ _ d o
123.3
117.0
159.6
178.4
121. 0
130 3
124.2
173.3
196.1
123.4
128.3
120.7
169. 2
191.6
121.5
129.3
121.5
169. 3
191.7
122. 9
130. 0
124.7
169.9
192.9
121.8
131.3
126.2
172.8
194.9
124.5
133.0
129.7
174.2
195.7
125.8
129. 3
120.1
176.6
199.9
125.1
131. 1
125. 1
177.1
200.9
124. 0
133 2
127.2
178. 5
202.9
126 1
134 2
129 5
180.6
206.3
127 8
135.7
138 2 r 139 o
130.2
130 4
130 7
181.9 '184.3 ' 185. 8.
206.3 ' 209. 4
212 0
130.5
125 5 r 126 1
__
_
_
__
156.3
120.8
120.1
124.4
120.8
172.2
123 3
122.4
128. 4
120.5
167.7
122. 5
122.6
121.8
120.9
168.2
121.9
120.6
129.0
116. 5
169.1
122. 3
121.2
128.5
121.8
170. 2
123.1
122.6
125.9
119.9
168.1
122.4
121.9
125.0
120.7
171.2
123.2
121.8
131.0
120 6
175. 5
123.6
122. 1
131. 8
114. 5
181. 6
125 0
123. 5
133. 0
118 9
181.3
125 3
123.6
134.3
117 1
184.6
126.0
124.6
133. 2
119.6
do
do
do_ _.
do
do
do
111.3
107.1
110. 4
109.9
117. 4
118.7
114 4
111 8
112. 3
111 8
122 6
126.5
113.0
107.9
112.0
111.4
125.8
118.2
114.0
113.0
111. 9
111.3
121.6
123.9
115.3
117.1
112.5
112.2
123. 7
125. 8
116. 0
117.1
113.0
112.1
126.4
127. 3
117.0
115.2
114.2
113.4
130.2
129.1
112 6
106.7
110.6
108 5
122 4
127. 4
115. 8
116.8
114. 0
114. 0
116.5
125.5
116 0
115 7
113.8
114 5
114 2
133.2
117 9
118 5
114. 5
116 0
120 6
138.2
117. 2
114.4
113.4
114.1
133.4
135.5
117 7
111 2
115 0
115 1
130 8
135.6
r 120 0
117 7
' 116 4 r
r ii7 Q
r 134 5
' 137. 1
117 1
134 2
130. 6
do
do _
_- _do_ __
151. 3
153.9
143.4
161.0 ' 159. 2 ' 159. 7
164.3
164.0
165.5
147.0 ' 144. 2 ' 144. 9
165. 8 ' 165 3 ' 165. 7
171. 3
170 9
170 5
148.5
149.3
148 9
164.9
169.7
r 168 9
r 168 8
170 0
170 5
131.8
131.7
142. 8
142 4
140 2
159.9
139.4
138. 5
158.2
140.2
138.6
158. 5
140.7
138. 7
158. 2
141.7
139.3
158. 1
142 3
139 5
158 1
143 3
140 7
158 5
145.7
141. 7
161. 7
147 4
142 8
163 0
148 8
144 1
166 7
149. 5
144.1
166.9
r 151 4
r 145 5
r 152 6
153 i
r 146 3
r 146 5
166 8 ' 167 6
168 1
154 0
146 3
166
Automotive products
_ _ _ _ do_ _ _ _
Autos _
__
____do
Auto parts and allied products. _.do____
Home goods 9
do
Appliances, TV, and radios. _ do _•_
Furniture and rugs
do____
145. 1
150. 6
138. 0
141.1
137. 1
142.4
167. 1
182.6
146.8
154.7
152.4
154.2
166.9
183. 5
145.1
152.1
149.0
152. 0
168.1
184.9
146. 0
151.8
147.6
154.4
168.1
187. 1
143.0
151.3
148.8
153. 5
167. 8
184.6
145:8
151.2
146.5
154.0
169.8
184 3
150.7
149 8
145 2
152. 3
166.5
178. 1
151.2
153 0
149 1
152.0
168. 6
181. 1
152.0
156.9
154.0
154. 9
168. 8
182 5
150.8
159 0
155 2
157.4
169. 4
182.4
152. 4
164 8
161. 3
161.0
168. 5
180.3
153.1
165. 7
165.0
163.3
Apparel and staples, _ _ „ _ _ __ do
Apparel, incl. knit goods and shoes. _ do _ _ _
Consumer staples
do
Processed foods _ ' _ _ _ _ _ _
_ do
128.1
124.2
129.3
119.9
134.0
134.3
133.9
122. 2
132.3
131.8
132. 4
122.1
132. 2
132.5
132. 2
121.1
132. 8
133.2
132.7
120.7
133.7
132.2
134.1
122.4
133 6
131.9
134 1
121 6
135. 0
134.0
135 3
121 6
135. 4
135.1
135.4
122.2
136 4
136.5
136 4
123 1
137.0
138.5
136 5
123.1
136.8
136.4
136.9
123.7
Beverages and tobacco.do___
Drugs, soap, and toiletries
do ___
Newspapers , magazines , books_ _ _ do
Consumer fuel and lighting
do
123.2
146.9
123.7
142.3
125.7
157.0
127.1
149.8
121.5
152.6
126.9
148.8
124.8
151.9
126.6
148.2
126.2
152.9
125.6
150. 6
123.9
157.0
128.0
151.2
123.6
160.1
128.0
150 6
127.5
161. 3
126.1
154.2
126. 0
159.2
126.3
156. 0
128. 2
161. 2
127.6
155.2
128. 5
162. 7
129.6
153. 9
128.6 r 132 3
134.4
164. 0
166.0 '165.9
132.0
134.0 ' 136. 5
151.9 '155 8
154 6
132. 0
139.1
137.0
145.3
141. 0
133.1
146. 9
156. 6
153.1
164.4
162.4
148. 1
141.2
150.9
148.4
161.3
150.8
138.3
143.7
153.5
150. 6
162. 3
157. 1
141.7
144.9
154. 6
151. 9
164. 1
157. 8
143. 7
147. 0
156.4
155.1
165.2
155.0
145. 3
148 4
157 8
153.8
165. 2
163.6
157 1
149 0
159 0
155. 3
166.4
164.2
155 4
154.3
164.3
159.4
169. 7
178. 7
155.7
157 3
167 2
162. 0
172.7
180. 4
165 8
158.8
168.9
162.4
174.5
188. 0
163 9
161.3 ' 164 1 ' 166 2 ' 167 3 170 3
170. 5
173 2 ' 175 4'176 2
180
162.6
167.3
166 1 '167 4
177.5
186.9
178. 6 '184.2
194.9
198 9 '198 9
201 7
161.2
163 0
158 0
do
do
_do _ _ _
do
do
132.8
131. 2
145.8
134. 4
124.5
144 1
144. 2
166.8
151 9
133 8
142.6
142.9
163. 4
147. 5
130. 5
142.6
143.4
162. 3
148. 7
131. 4
144.5
146. 1
169.9
150 0
131.3
146.4
148.4
171. 8
153. 3
132.7
146 1
147 3
167. 9
154 7
134 6
143 7
142 8
165. 4
154 2
134 5
144. 3
142.2
167.0
158. 4
135.3
145 6
143 0
168 2
160 0
137 2
148 7
146 7
168.3
163 2
138.8
150.4 r 152 0 ' 154 1 ' 154 2 156 0
150.1 r 152 o ' 155 5 156 6
157
170.0
169 1
168 9
173 6
165.8
173 5
170 0 r 171 9
142.9
143 6 '146 1 144 1
do
do __
do
do_ _
134. 3
127.4
127. 9
127. 1
144. 0
136.5
136. 6
136. 5
142.4
135.1
137.3
134.0
141. 8
134. 1
132.0
135.2
143.4
134.8
132.0
136.2
145.0
137.6
136. 1
138. 3
144.8
135.1
132 1
136. 6
144. 5
135.9
134 4
136. 7
146.4
136.8
136. 6
136.9
148.1
140.3
144 9
138.0
150. 7
143. 4
146.9
141.7
150.6 r' 152. 0 ' 152. 6 ' 151. 8
143.4
144 5 ' 144.9
145.0
142.3 rr 144 6 ' 144 6 143 1
144.0
144. 4 '145.0
146.0
155
122.6
112.2
149.6
127.6
115.2
159. 2
127.2
114. 3
159.6
127.9
115.1
160. 1
129.9
116.9
162.4
128.9
117.0
158.8
129.2
117.2
160.1
126.3
112.1
161 5
129.7
117.9
160. 9
129.9
117. 8
161 7
131.7
119. 5
163.8
130.6 ' 131. 7
133.8 ' 130. 6
117.4
118 0 ' 120. 3 ' 114. 7
164.9 r 166 9
168 7
137
124
87, 015
85 849
1445,552 i 483, 343
Manufacturing , total
do
Durable goods industries _ _ _ _ _ __ d o _ 230, 775 252,242
Nondurable goods industries. __
do. _ 214, 777 231, 101
40, 044
20, 915
19, 129
39, 814
20, 513
19, 301
39,943
20, 652
19, 291
41, 452
21, 820
19, 632
40,518
21, 191
19,327
40,173
20 924
19 249
40 548
21 146
19 402
41 403
21 606
19, 797
42, 622
22,316
20,306
42, 665
22,307
20, 358
42 702 ' 44, 121
22 433 '23,238
20,269 '20,883
43, 656
22, 746
20,910
1 261, 630 1 283, 950
84, 173
93,718
177,457 190, 232
22, 849
7,454
15 395
23, 317
7,616
15 701
23 322
7, 665
15 657
23, 668
7,827
15,841
23 585
7 755
15 830
23 753
7,768
15 985
24 194
7, 865
16 329
J
24,816
8,252
16, 564
25, 023
8, 324
16 699
25 263 25, 536
8, 399 '8,649
16 864 '16 887
25, 020
8,001
17, 019
Rubber and plastics products. _ _ _ _ _ _ _ do
Foods and beverages __
.do
Food manufactures _ _ _ _ _ .
_do_
Beverages
_
do
Tobacco products
_ _ _ _ do
Mining
Coal
-_
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
Utilities
Electric
Gas
__
_
__
__ _
~-
By market groupings:
Final products, total
Consumer goods
Automotive and home goods _
do
do
do _
Equipment, including defense 9 _ _ _ do
Business equipment _ _ _ _ _ _ _ _ _ _ _ d o _
Industrial equipment. __ _ __
do_ _
C ommer cial e quipment
do
Freight and passenger equipment __do_ _
Farm equipment
do
Materials
Durable goods materials 9
Consumer durable..-Equipment
Construction
_~
__
Nondurable materials 9-_
- __•_'.
Business supplies __ __ _ _ _ _ _ _ _
Containers
General business supplies
_
Business fuel and power 9
Mineral fuels
_ _ __ _
Nonresidential utilities
do____
__ do _
do
r
r
161. 9 r 161. 2 r 161. 6
165 3
167.1 165. 8
166. 2
170.9
145. 6 '146.8 ' 147. 2 ' 147. 7
r
127 7
187. 1
127 4
183. 3
r
r
r
182.0
r 127 7
127 0
125 5 r 125 7
135. 1
138 3
126 7
126 8
r 174 7
174 2
127 5
126 1
r
115 o
85 3
ion 4.
H6 7
119
122
167.6 '171.6 r 169.0
177 8
183 8 r 180 6
154. 3 '155.5
153. 8
166 2 rr 164 8
167 5
162 7
157 2
164 8
164.0 ' 165. 5 166.3
r 138 7
r 138. 0
r 138 9
124 6
T
r
139 5
139.9
139 4 '139 6
125 2
125 1
117
161
168
140
168. 0
135.7
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.) , totalft
Retail trade, totalt
Durable goods stores _
Nondurable goods stores
_
Merchant wholesalers, total|__ _
Durable goods establishments
Nondurable goods establishments
'84,669
- mil. $
_
do
do
do
_
24 647
8 092
16 555
r
do _ _
do
do
16, 981 16, 779
'r 7 563 7 538
9, 418
9 241
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), totalj
mil. $
Manufacturing, total. _ _ _ _
_:_ do
62, 944
68,015 63, 999 64, 269 64, 625
Durable goods industries
do
38, 412
42, 324 39, 233 39,475 39,951
24,532
Nondurable goods industries _ _
do
25,691 24, 766 24,794 24, 674
31,130
33, 957 32, 546 32, 823 33,014
Retail trade, totalf_
_ _
_ do _
Durable goods stores
do
13, 136
14 782 14, 298 14, 566 14, 546
Nondurable goods stores
do
17, 994
19 175 18,248 18, 257 18, 468
Merchant wholesalers, total J
do
Durable goods establishments _ _ _ do _
Nondurable goods establishments- _ _ do_
' Revised.
? Preliminary.
i Based on unadjusted data.
9Includes data for items not shown separately.
fSee corresponding note on p. S-ll.
§The term "business" here includes only manufacturing and trade; business inventories
as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted data for manufacturing are shown on p. S-5; those for retail trade on p. S-ll.
84 744
17, 358
7 887
9,471
17, 173
7,781
9,392
"120,938 122 047 123, 109 123, 931
68, 594 69, 040 '69,648 70,273
42, 589 42,884 '43,273 43, 724
26, 005 26,156 ••26,375 26,549
34, 113 34,427 34, 556 34,737
14 949 15 113 15, 201 15, 336
19, 164 19, 314 19, 355 19, 401
r
18, 231 18, 580 18, 905 18,921
'10,571 10,809 10,995 11, 096
7,825
7. 910
' 7. 660 7. 771
^Revised series. The panel of reporters in the Census Bureau wholesale sample has been
updated to reflect information from the 1963 Census of Wholesale Trade; comparable data
prior to Jan. 1966 are not presently available.
65, 394
40, 600
24, 794
33,088
14, 592
18, 496
65,788
40, 814
24, 974
33,360
14 819
18, 541
66,267
41 300
24 967
33, 045
14,621
18,424
66, 642
41 523
25 119
33, 296
14 782
18, 514
67, 192
41 869
25, 323
33, 533
14 774
18, 759
68, 015
42, 324
25, 691
33,957
14, 782
19, 175
SUKVEY OF CUKKENT BUSINESS
June 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
S-5
1966
1965
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:
Manufacturing and trade, totalft
ratio
Manufacturing, total
Durable goods industries
Materials and supplies.
Work in process
Finished goods
_
Nondurable goods industries.Materials and supplies
Work in process....
Finished goods ^
_ _
do
do
do
do
_do
_do__
do
_ do
do
Retail trade, totalf- _ _ >
Durable goods stores, __ _ _ _ _ _ _ _
Nondurable goods stores
do
_do __
do
Merchant wholesalers, totalt __ _
_do _
Durable goods establishments
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export salesDurable goods industries (unadj.), total___mil. $__
Shipments (not seas, adj.), total
. _ _ • _do _
Durable goods industries, total 9 ... do
Stone, clay, and glass products. _
_ do
Primary metals
do
Blast furnaces, steel mills
do
Fabricated metal products
_ do
Machinery, except electrical
Electrical machinery.
Transportation equipment _ . _
Motor vehicles and parts...
Instruments and related products
do
do
do _
_do_
do
Nondurable goods industries, total 9 - -Food and kindred products..
Tobacco products
Textile mill products _
Paper and allied products.
_
Chemicals and allied products
.
Petroleum and coal products
Kubber and plastics products __
do
do
do
do
do
do
do
do
Shipments (seas, adj.), total
_
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals. _
Blastfurnaces, steel mills
Fabricated metal products
'1.43
1.44
1.41
1.44
1.64
1.91
.57
.79
.54
1.61
1.91
.59
.80
.52
1.60
1.88
.59
.77
.51
1.61
1.92
.61
.79
.52
1.62
1.93
.61
.80
.53
1.58
1.86
.58
.78
.50
1.62
1.93
.60
.82
.51
1.65
1.97
.61
.83
.53
1.64
1.96
.61
.83
.53
1.62
1.94
.60
.82
.52
1.60
1.90
.58
.81
.51
1.61
1.91
.58
.82
.51
1.62
1.91
.58
.82
.51
1.58
"1.86
.56
.81
'.49
1.61
1.92
.58
.84
.50
1.35
.53
.19
.62
1.29
.50
.19
.60
1.29
.50
.18
.60
1.28
.50
.18
.60
1.28
.50
.19
.59
1.26
.49
.18
.59
1.29
.50
.19
.60
1.30
.51
.19
.60
1.29
.50
.20
.59
1.28
.50
.19
.59
.1.27
.49
.19
.58
1.28
.49
.19
.59
1.29
.50
.19
.60
'1.26
.49
.19
.59
1.27
.49
.19
.59
1.40
1.86
1.18
1.38
1.84
1.16
1.42
1.92
L19
1.41
1.91
1.16
1.42
1. 90
1.18
1.40
1.86
1.17
1.41
1.91
1.17
1.39
1.88
1.15
1.38
1.88
1.13
1.36
1.83
1.13
1.37
1.79
1.16
1.36
1.80
1.15
.1.36
1.80
1.15
1.35
1.76
'1.15
1.39
1.92
1.14
'1.07
'1.40
1.11
1.43
.84
1.09
1.39
.84
1.10
1.43
.83
882
'.81
9,001
9,941
853
800
831
747
805
870
856
884
1,006
855
'983
938
445, 552
483, 343
41, 282
40, 074
41, 914
37, 844
39, 443
41, 198
42, 185
41, 642
40, 766
39, 982
43,570 '45,218
45, 040
230, 775
11, 525
38, 832
21, 236
23, 549
252, 242
11, 753
41, 910
22, 916
24,292
21, 968
967
4,074
2,438
2,085
21, 157
1,010
3,613
1,923
2,025
22,280
1,095
3,639
1,954
2,147
19, 564
1,022
3,273
1,847
1,905
19, 813
1,046
3, 590
2,076
2,089
20, 778
1,046
3,266
1,675
2,122
21, 748
1,050
3,215
1,595
2,088
21, 738
993
3,266
1,612
2,101
21, 659
934
3,188
1,546
2,014
20, 751
856
3, 379
1,713
1,908
22,878 '23,996 23,909 123,700
1,013
r976
885
4,071 1 4, 000
3,773 ' 3, 955
2,178
1,919
2,076
2,110 ' 2, 203 2,193
36, 490
33, 593
68, 039
45, 412
8,347
3,228
2,718
5,866
3,970
696
3,164
2,646
5,755
3,898
679
3,299
2,844
6,106
4,144
732
2,857
2,539
5,069
3,366
650
2,814
2,746
4,355
2,570
675
3,063
3,002
5, 035
3,071
742
3.048
3,063
6,057
4,178
728
2,970
3,087
6,223
4,326
729
3,124
3,117
6,342
4,180
773
2,952
2,854
5,981
4,034
678
3,312
3,193
6,485
4,270
742
' 3, 526
' 3, 332
' 6, 655
' 4, 431
'809
3, 530
3, 238
6,520
4,288
796
231, 101
80, 678
4,864
19, 318
19,385
36, 030
19, 178
11, 653
19, 314
6,594
427
1,574
1,617
3,221
1,553
1,007
18, 917
6,575
374
1,553
1, 566
3,180
1,584
998
19, 634
6,825
439
1,679
1,653
3,189
1,647
1,028
18, 280
6,545
415
1, 368
1,503
2,823
1,624
883
19, 630
6,780
407
1,686
1,658
2,944
1,637
948
20, 420
7, 215
425
1,725
1,706
3,133
1,628
983
20, 437
7,154
405
1, 751
1,718
3,070
1,650
1,032
19, 904
7,018
410
1,721
1,675
2,958
1,613
985
19, 107
6,832
400
1,580
1,649
2, 797
1,625
995
19, 231
6,861
387
1,495
1,632
2,998
1,622
986
20,692
7,234
410
1,672
1,743
3,145
1,668
1,061
'21,222
' 7, 259
'430
' 1, 754
' 1, 810
'3,404
' 1, 597
' 1, 113
21, 131
7,220
403
1,704
1,766
3,507
1,717
1,125
33, 696
30, 207
59, 628 .
38, 450
7,523
214, 777
75, 883
4,693
17, 808
17, 116
33, 578
18, 187
10, 212
do
40, 044
39,814
39,943
41, 452
40, 518
40, 173
40, 548
41, 403
42,622
42, 665
42,702 '44,121
20, 915
935
3,796
2,245
2,048
20, 513
923
3,435
1,835
1,955
20, 652
962
3,389
1,820
1,974
21, 820
969
3,782
2,170
2,036
21, 191
926
3,708
2,105
1,968
20,924
953
3,237
1,652
1,995
21, 146
947
3,204
1,608
1,963
21,606
1,013
3,335
1,681
2,139
22,316
1,140
3,470
1,730
2, 166
22,307
1,092
3,499
1,741
2,130
22,433
1,042
3,643
1,843
2,202
'23,238
' 1, 078
' 3, 726
1,930
' 2, 288
2,984
2,757
5,408
3,620
701
2,993
2,748
5,519
3,680
688
3, 009
2,701
5,668
3,814
691
3, 119
2,894
5,870
4,004
728
2,990
2,800
5,803
3,932
703
3,081
2,796
5,863
3,905
694
3,127
2,906
5,973
4,037
707
3,150
2,962
5, 907
3, 981
710
3,242
3,073
6,075
3,993
713
3,257
3,145
5, 962
3,824
764
3,179
3,120
6,049
3,955
740
'
'
'
r
19, 129
6,667
440
1,564
1, 591
3,009
1,583
967
19, 301
6,661
364
1,610
1,572
3,030
1,631
988
19, 291
6,671
411
1,600
1,575
3,057
1,637
958
19, 632
6,777
400
1, 603
1,656
3,063
1, 648
980
19, 327
6,843
387
1,619
1,616
2,957
1,615
968
19, 249
6,821
415
1, 581
1,631
2,942
1, 614
951
19, 402
6,845
405
1,609
1,656
2,982
1,639
958
19, 797
7, 001
394
1,673
1,691
3,067
1,619
1,012
20,306
7,131
410
1, 703
1,762
3,133
1,594
1,064
20, 358
7,157
427
1,659
1,717
3,143
1,605
1,055
3,681
8,395
4,907
4,020
3,063
15,978
3,769
8,280
4,948
4,088
3,001
15, 728
3,705
8,374
4,942
4,232
3,062
15, 628
3,788
8,582
5,093
4,408
3,169
16, 412
3,700
8,554
5,001
4,347
3,058
15, 858
3,715
8, 549
5,125
4,323
3,080
15, 381
3,735
8,615
5,172
4,452
3,066
15, 508
3,861
8,812
5,175
4,418
3, 252
15, 885
4,067
8,955
5,385
4,448
3,409
16, 358
4,005
8,979
5,484
4,298
3,427
16, 472
19, 283
27, 965
47, 115
1,594
2,259
3,871
1,567
2,281
3,849
1,553
2,298
3,838
1, 644
2,324
4,070
1,564
2,341
3, 878
1, 567
2,422
3,980
1,618
2,402
4,035
1,674
2,385
4,087
1,770
2,530
4,188
1, 698
2, 604
4,272
67, 620
41, 831
25, 789
64,366
39, 633
24, 733
64,769
40, 033
24, 736
64, 979
40, 321
24, 658
65, 088
40, 410
24,678
65, 481
40, 704
24, 777
65, 869
41, 096
24, 773
66, 218
41,212
25, 006
66, 777
41, 407
25, 370
67, 620
41,831
25, 789
68, 651
42, 463
26, 188
do
do
do
__do ___
do
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
do
Motor vehicles and parts... . _ do
Instruments and related products
do
Nondurable goods industries, total 9 _
Food and kindred products
Tobacco products
Textile mill products.... _ __
Paper and allied products..
_
Chemicals and allied products
Petroleum and coal products. __ _
Rubber and plastics products _
do
do
do
do
do
do
do
do
By market category:
Home goods and apparel
do____ 22 41, 750
Consumer staples
do
94, 397
2
Equipment and defense prod., excl. auto do
55, 185
2
Automotive equipment __ _
__
do
43,
344
2
Construction materials and supplies
do
35, 878
Other materials and supplies
do
174, 998
Supplementary market categories:
2
Consumer durables
do
17, 902
2
Defense products
do
25, 953
2
Machinery and equipment
_______do
42, 331
Inventories, end of year or month:
Book value (unadjusted), total
Durable goods industries, total
Nondurable goods industries, total
2
44, 909
101, 305
60, 300
50, 403
37, 543
188, 883
2
2
2
2
2
2
do
do
do
62, 642
38, 001
24, 641
Book value (seasonally adjusted), total
do
By industry group:
Durable goods industries total 9
do
Stone, clay, and glass products
do
Primary metals
______do
Blast furnaces, steel mills
do
Fabricated metal products
do
62, 944
68, 015
63, 999
64, 269
64, 625
65, 394
65, 788
66, 267
66, 642
67, 192
68,015
38, 412
1,587
6,111
3,707
4, 251
42, 324
1,626
6,349
3,678
4,856
39, 233
1,606
5,900
3,427
4,517
39, 475
1,620
5,996
3,531
4,544
39, 951
1,623
6,074
3,597
4,565
40, 600
1,600
6,163
3,631
4,611
40, 814
1,618
6,142
3,576
4,685
41, 300
1,614
6,224
3,633
4,766
41,523
1,640
6,275
3,669
4,772
41, 869
1,634
6, 261
3,658
4,816
42, 324
1,626
6,349
3,678
4,856
Machinery, except electrical
do
7,726
8,508
7,558
Electrical machinery
do
5,628
6,093
5,388
Transportation equipment
do
7,908
8,930
8,095
Motor vehicles and parts
do
3,150
3,013
3,318
Instruments and related products do
1,653
1, 788
1,619
r
2
Revised.
1 Advance estimate.
Based on dUa not se isonally a djusted.
tSee corresponding note on p. S-ll.
7,763
5,662
8,104
3,249
1,676
7,878
5,726
8,267
3,290
1,687
7,988
5, 810
8,653
3,527
1,683
8,142
5,873
8,600
3,370
1,696
8,298
5,907
8,707
3, 430
1, 711
8,364
5,947
8,706
3,412
1,714
8,453
5,993
8,860
3,366
1,730
8,508
6,093
8,930
3,318
1,788
8,521
6,177
8,984
3,263
1, 806
3,249
3,306
5,959
3,850
802
20,269
7,114
433
1,624
1,710
3, 127
1,638
1,051
' 20, 883
r 7, 257
'450
' 1, 729
' 1, 763
r 3, 326
' 1, 640
' 1, 081
20, 910
7,299
415
1,688
1,736
3,268
1,750
1, 080
3,956
8, 961
5,314
4,410
3,361
16,700
4,112
9,129
5,485
r 5, 529
' 4, 573 4,293
3,317
' 3, 488
'17,251 17, 320
' 4, 140
r9,14Q
1,795
1,711 '1,817
2,655
2,577 r 2, 637
4,192 ' 4, 376 4, 313
69,441
43,070
26,371
70, 049
43, 594
26, 455
70, 677
44, 162
26, 515
68, 594
69,040
69, 648
70, 273
42, 589
1, 638
6,438
3,760
4,828
42,884 43, 273 43, 724
1,663
1,643 r 1, 652
6,486 ' 6, 553 6,591
3,817
3,813
3,786
4,829 ' 4, 779 ' 4,753
<? Includes data for items not showni separat ely.
:See corr espondin g note ori p. S-4.
' 8, 610
' 6, 334
' 9, 186
' 3, 226
' 1, 851
6, 500
43, 656
22, 746
980
3,801
2,006
2,154
3, 285
3, 266
6, 243
4, 096
'803
8,575
6,210
9,047
3,276
1,822
1
8, 646
6,411
9,468
3, 287
1,873
1
23, 100
13,800
!6,200
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
Annual
June 1966
1965
Apr.
May
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (seasonally adjusted)— Continued
By industry group— Continued
Durable goods industries— Continued
By stage of fabrication:
Materials and supplies 9 ._
mil. $_
Primary metals
___do____
Machinery (elec. and nonelec.)___do
Transportation equipment _ __do _.
Work in process?
do
Primary metals
do
Machinery (elec. andnonelec.)_._do
Transportation equipment
do
Finished goods 9
do
Primary metals
_ _ _
do _ _
Machinery (elec. andnonelec.)---do
Transportation equipment
do
11, 688
2, 248
3,263
2,216
15,933
2,024
5,763
4,695
10, 791
1, 839
3,920
997
12,943
2,388
3,816
2,278
18, 109
2,130
6,699
5,465
11, 272
1,831
4,086
1, 187
12,406
2, 332
3,456
2,280
16, 114
1,883
5,936
4,782
10, 713
1,685
3,962
1,033
12, 512
2,317
3,502
2,362
16, 162
1,957
5,966
4,686
10, 801
1,722
3,957
1,056
12, 537
2,305
3,540
2,372
16, 533
1,985
6,122
4,820
10, 881
1,784
3,942
1, 075
12,664
2,310
3,609
2,420
17, 053
2,051
6,242
5,155
10,883
1,802
3,947
1,078
12, 672
2,316
3,702
2,232
17, 283
2,058
6,351
5,284
10,859
1,768
3,962
1,084
12, 812
2,302
3,747
2,317
17,380
2, 066
6,415
5,277
11,108
1,856
4,043
1,113
12,886
2,302
3,808
2, 348
17, 502
2,114
6,491
5,228
11, 135
1, 859
4,012
1,130
12, 914
2,336
3,825
2,300
17, 763
2,097
6,577
5,408
11, 192
1,828
4,044
1,152
12, 943
2,388
3,816
2,278
18,109
2,130
6,699
5,465
11, 272
1,831
4,086
1,187
12, 951
2,423
3,862
2,250
18, 285
2,179
6,744
5,537
11, 353
1,836
4,092
1,197
13,004
2,428
3,901
2,261
18,468
2,224
6,777
5,589
11,412
1,834
4,107
1,197
24, 532
6,030
2,359
2,837
1,885
4,003
1,745
1,176
25, 691
6,034
2,371
3,130
1,965
4,335
1,756
1,279
24, 766
6,182
2,307
2,828
1,865
4,106
1,792
1,222
24, 794
6,100
2,328
2,826
1,885
4,174
1,775
1,221
24, 674
6,040
2,317
2,879
1,882
4,133
1, 765
1,234
24, 794
6,073
2,281
2,952
1,900
4,203
1,746
1,244
24, 974
6,000
2,286
3,003
1,916
4,240
1,727
1,258
24, 967
5,881
2,286
3,038
1,922
4,258
1,696
1,262
25, 119
5,861
2,328
3,119
1,919
4,285
1,718
1,273
25, 323
5,993
2,268
3,085
1,934
4, 350
1,737
1,306
25, 691
6,034
2,371
3,130
1,965
4,335
1,756
1,279
26, 005
6,243
2,334
3,119
1,970
4,409
1,787
1,296
26,156
6,230
2,338
3,169
1,981
4,460
1,816
1,293
26, 375
'6,357
'2,394
' 3, 174
'1,985
'4,460
'1,809
'1,295
26,549
6,498
2,390
3,171
1,997
4,494
1,815
1,293
9,619
3,522
11, 391
9,964
3,862
11,865
9,660
3,533
11, 573
9,675
3,558
11,561
9,608
3,611
11, 455
9,537
3,591
11, 666
9,645
3, 662
11, 667
9,766
3,702
11, 499
9,769
3,825
11, 525
9,827
3,823
11, 673
9,964
3,862
11,865
10, 028
3,876
12, 101
10,072 '10,153
3,877 '3,893
12,207 '12,329
10,283
3,893
12, 373
6,499
9,660
13, 241
3,683
5,629
24, 232
7,021
9,844
14,835
4,032
6,054
26,229
6, 650
9,809
13, 490
3,854
5,816
24, 380
6,694
9,770
13, 419
3,941
5,835
24, 610
6,650
9,721
13,635
3, 983
5,862
24, 774
6,685
9,737
13,858
4,215
5,821
25, 078
6,815
9,675
14,046
4,068
5,852
25, 332
6,863
9,566
14,286
4,124
5,908
25, 520
6,866
9,630
14,376
4,102
5,983
25,685
6,890
9,708
14, 650
4,092
6,011
25, 841
7,021
9,844
14,835
4,032
6,054
26,229
7,167
10, 039
14,966
3,992
6,017
26, 413
7,247
10,036
15,054
4,003
6,071
26,629
'7,329
' 10, 251
'15,266
'3,941
' 6, 072
'26,789
7,389
10, 383
15, 538
4,004
6,081
26,878
3,056
5,625
9,431
3,287
6,388
10,701
3,164
5,788
9,617
3,210
5,740
9,651
3,241
5,814
9,863
3,249
5,968
10,006
3,250
6,030
10,216
3,221
6,044
10,432
3,233
6,091
10,492
3,254
6,270
10, 591
3,287
6,388
10, 701
3,384
6,519
10,735
3, 423 '3,475
6,581 '6,824
10,815 '10,848
3, 510
7,055
10,927
452,368
237, 631
214, 737
492, 272
260,732
231, 540
41,842
22,435
19, 407
40, 162
21, 166
18,996
42, 357
22, 651
19,706
38, 713
20,404
18,309
39,964
20, 348
19, 616
42, 259
21, 818
20, 441
43. 104
22.648
20. 456
42, 094
22, 109
19, 985
41,531
22,448
19, 083
42, 379
23,052
19,327
45,434 '47,398 46,443
24,578 '26, 099 25,210
20,856 '21,299 21,233
New orders, net (seas, adj.), total .
do
2452,368 2492, 272 41, 120
By industry group:
Durable goods industries, total 9
do
237, 631 260,732 22,043
3,456
Primary metals _ _ _ _ . _ _ _ . _ d o _
41, 017
41, 308
1,876
23, 303
21,378
Blast furnaces, steel mills. _
do. _
24,914
2,098
Fabricated metal products.
___do
24, 222
3,107
Machinery, except electrical .
do
38,434
34, 929
Electrical machinery.. _ _ _ _ _ _ _ d o _ _ 31, 212 35,292 2,929
72,973 6,453
Transportation equipment
do
61, 174
22,044
2,248
Aircraft and parts
_
do
17, 514
40, 181
40, 689
41, 846
40,926
41,483 41,843
42, 234
43, 868
43,986
44,129 '45,833 45, 099
20,992
3,286
1,632
2,027
3,108
2,801
5,878
1,552
21, 310
3,454
1,816
2,042
3,189
2,874
5,870
1,684
22, 195
3,493
1,851
2,058
3,140
3,099
6,363
1,646
21,509
3,119
1,465
1,974
3,318
3,000
6,141
1,956
22, 163
2,908
1,276
2,013
3,315
2,995
6,853
2,462
22,425
3,148
1,451
2,050
3,349
2,983
6,920
2,466
22, 389
3,392
1,635
2,213
3,396
3,201
5, 972
1,608
23,403
3,684
1,854
2,335
3, 532
3,211
6,165
1,724
23, 578
3,603
1,776
2,177
3, 427
3,462
6,526
2,268
23,741
3,994
2,141
2,247
3,317
3,332
6,574
2,092
Nondurable goods industries, total 9 - -do
Food and kindred products. _ . _
do
Tobacco products _
_ _
do _
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products
do
By stage of fabrication:
Materials and supplies
do
Work in process
do
Finished goods
do
By market category:
Home goods and apparel
_
____do
Consumer staples
_ _ _ _ __ do
Equip, and defense prod., excl. auto do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies...
.do
Supplementary market categories:
Consumer durables
do
Defense products
do
Machinery and equipment
_._ . d o _
New orders net (not seas. adj.)» total
Durable goods industries, total
Nondurable goods industries, total
Nondurable goods industries, total
Industries with unfilled orders©
Industries without unfilled order sf
do
.do ._
do
Nondur. goods indust. with unfilled orders®, do
23, 800
24, 164 124,100
3,883 i 4, 200
2,041
2,195
3,567
3,625
6,540 i 6, 500
2,084
19, 189
5,157
14, 032
19, 379
5,298
14, 081
19, 651
5,444
14, 207
19,417
5,347
14, 070
19, 320
5,267
14, 053
19,418
5,307
14, 111
19, 845
5,454
14, 391
20,465
5,717
14, 748
20, 408
5,580
14, 828
20,388 '20,945
5,604 ' 5, 745
14,784 '15,200
20,935
5,653
15,282
45, 057
101,315
65, 081
51,053
38,058
191, 708
3,672
8,372
6,121
4,133
3,150
15, 672
3,689
8,277
5,323
4,208
3,105
15, 579
3,751
8,389
5,509
4,194
3,132
15, 714
3,725
8,583
5,466
4,524
3,155
16, 393
3,784
8,558
5,543
4,294
3,040
15, 707
3,780
8,550
5,756
4,504
3,118
15, 775
3,778
8,604
5.689
4,516
3,129
16, 127
3, 868
8,806
5,485
4,413
3,296
16, 366
4,145
8,955
5,834
4,448
3,604
16,882
4,119
8,981
6,112
4,298
3,452
17,024
3,937
8,960
5,833
4,332
3,399
17,668
4,103
9,129
6,312
4,343
3,391
17, 821
19,449
32,534
49,679
1,629
3,236
4,078
1,574
2,460
4,069
1,586
2,579
4,091
1,560
2,618
4,348
1,640
2,808
4,159
1,610
3,450
4,153
1,675
3,276
4,249
1,695
2,567
4,325
1,844
2,528
4,583
1,810
3, 402
4,450
55, 962
53,042
2,920
64,896
61,543
3,353
59, 779
56, 684
3,095
59, 869
56, 694
3,175
60, 309
57,064
3, 245
61, 178
57,904
3,274
61, 697
58, 438
3,259
62, 758
59, 479
3,279
63, 676
60,379
3,297
64, 129
60, 752
3,377
64,896
61, 543
3,353
67,293
63,844
3,449
69,156 '71,337 72,740
65,543 '67,646 68,947 169,000
3,613 ' 3, 691 3,793
57,044
66,068
59, 463
59, 897
60, 588
60,981
61,391
62, 699
63,993
64, 821
66,068
67,388
68,814 '70,527
53, 958
6, 559
4,311
4,811
8,302
8,103
21, 090
15, 526
62,534
5,646
2,730
5,467
10,304
9,830
25,993
19,781
56, 374
6,683
4,351
4,911
8,688
8,448
22, 664
16,849
56, 875
6,569
4,148
5,051
8,782
8,555
22, 951
16, 861
57, 454
6,637
4,144
5,093
8,963
8,773
23,069
17, 074
57, 830
6,348
3,825
5,115
8,984
8,978
23, 563
17, 252
58, 148
5,760
3,185
5,120
9,313
9,178
23,901
17, 732
59, 385
5,431
2,809
5,137
9,547
9,376
24, 891
18, 631
60,664
5,375
2,653
5,224
9,769
9,453
25, 838
19, 569
61, 445
5,432
2,606
5,298
10, 014
9,692
25, 903
19, 683
62, 534
5,646
2,730
5,467
10,304
9,830
25,993
19, 781
63,803
5,750
2,765
5,513
10, 475
10, 147
26, 557
20,397
65,110
6,102
3,063
5,558
10,613
10,358
27,082
20,846
3,086
3,534
3,089
3,022
3,134
3,151
3,243
3,314
3,329
3,376
3,534
3,585
1,861
32,097
5,720
21, 303
1,953
32,587
5,701
21, 150
2,017
33,401
5,739
21, 542
2,046
33,983
5,803
22, 161
2,048
34, 284
5,845
22, 644
2,124
34,732
6,041
23, 171
2, 241
35, 360
6,063
23, 724
By market category:
2,124
1,975
1,922
1,901
1,908
Home goods, apparel, consumer staples. __ do
29,223 34, 732 30,694 31, 154 31,607
Equip, and defense prod., incl. auto
do
6,041
5,490
Construction materials and supplies
do
5,628 5, 721 5,733
23, 171 21, 240 21, 114 21, 326
Other materials and supplies.. _ _ _ _ do
20, 356
Supplementary market categories:
Consumer durables .
do
1,601
1,420
1,399
1,371
1,412
Defense products...
do . 20, 058 24,587 21, 361 21, 457 21, 743
Machinery and equipment
do
13, 367
16, 000 13, 981 14, 166 14, 422
'Revised.
i Advance estimate.
2 Data for total an d components (incl. mai ket
categories) are based on new orders not seasonally a(1Ijusted.
9 Includes data for items not shown separatel y.
© I]deludes t 3xtile mi 11 produ cts,
leather and products, paper and allied products, am printing and pubh shing inclustfies; un-
1
19, 077
5,130
13, 947
By market category:
Home goods and apparel
do. _
41, 740
Consumer staples
do
94,388
Equip, and defense prod., excl. auto.
do
57, 765
Automotive equipment .
do _
43, 643
Construction materials and supplies. .—_ do
36, 325
Other materials and supplies.. _
_ - do _ 178, 507
Supplementary market categories:
Consumer durables..
_do_ ._ 17, 920
Defense products
do
27, 126
Machinery and equipment
._
do
44, 471
Unfilled orders, end of year or month (seasonally
adjusted), total ._ .
mil. $
By industry group:
Durable goods industries, total 9
...do
Primary metals _
_
do
Blast furnaces, steel mills _ _
_ _ do _
Fabricated metal products.
do
Machinery, except electrical
do
Electrical machinery
do _
Transportation equipment
do. _
Aircraft and parts
do
'24,888
'4,057
'2,104
'2,411
' 3, 529
'3,489
'6,873
'2,395
.......
231,540
63,458
168,082
214, 737
do
do
57, 318
do. __ 157, 419
Unfilled orders, end of year or month (unadjusted),
total
_ _ _ _
mil. $
Durable goods industries, total
do
Nondur. goods indus. with unfilled orders ©.do
'12,988 13, 144
^•2,445
2,487
r
3,963 4,025
' 2, 188
2,200
••18,807 19, 114
' 2, 255 2, 246
'6,843 6,889
r
5, 802
6,062
'11,478 11,466
' 1, 853 1,858
' 4, 138 4,143
' 1, 196
1,206
' 4, 173
' 9, 141
'6,036
' 4, 538
' 3, 600
'18,345
1, 676 '1,819
3,035 '3,375
4,584 ' 4, 587
71,969
'66,762 68,180 169,200
'6,434
6,516 i 7, 000
' 3, 238 3,273
5,723
5,681
'10,857 11, 175
'10,581 10,900
'27, 712 28,293 128,500
'21,566 21,985
3,704 '3,765
2,219
35,803
6,099
24,693
1,812
3,286 i 2, 800
4,815 i 4, 900
3,789
2,242
'2,254
'36,275 37, 156
' 6, 211 6,285
'25,787 26,286
1,328
1,406
1,449
1,693
1,504
1,526
1,601
1,712
1,677 '1,680
22, 036 22, 503 23. 532 24,407 24, 587 24, 587 25, 383 25,841 '26,578 27,210
14,700 14, 982 15, 152 15,369 15, 606 16,000 16, 181 16,575 '16,785 17,286
filled orders foi• other nc ndurabl«$ goods ic dustries are zero,
IFoi these in dustries food and
kindr ed produ cts, toba ceo prodiicts, apparel and related p roducts, petroleu m and c(>al products, chemicals and allied prodiicts, and rubber and plas>tics pro<lucts) sal es are considered
equal to new c rders.
June 1966
S-7
SURVEY OF CUERENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1965
Apr.
Annual
May
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
16, 585
17, 868
20, 156
17, 305
17,299
17,022
May
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS d"
New incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted
do
INDUSTRIAL AND COMMERCIAL
FAILURES d"
_
_ number
Failures, total
Commercial service _ _ _ _ _
Construction
Manufacturing and mining
Eetail trade
_ _
Wholesale trade
___..
Liabilities (current), total.
__
do
do
do
do
do
thous. $
Commercial service
Construction
_
Manufacturing and mining
Retail trade
Wholesale trade
do
do
_ do
do
do
Failure annual rate (seasonally adjusted)
No. per 10j,000 concerns
197,724
203, 897
17, 712
16,504
16, 540
16,043
17, 635
16, 671
16, 794
16, 369
16, 114
16, 957
15, 962
17, 138
15, 889
16,744
15, 130
17,418
18, 185
16, 999
19, 731
17,677
13, 501
13 514
1,179
1 183
1,094
1,074
1,131
1,100
1,047
1,033
1,090
1,084
946
1,226
1,106
1,226
2,388
2 254
6,241
1,392
1 299
2,513
2 097
6 250
1 355
99
228
183
535
134
126
204
191
549
113
90
205
172
510
117
82
205
157
514
116
114
208
176
533
100
124
205
172
479
120
110
212
145
490
90
103
201
155
477
97
101
203
160
515
105
103
167
139
430
107
130
209
171
601
115
121
206
154
509
116
1,329,223 1,321,666 83, 247 133, 113 144, 607 121, 485 135, 039 104, 976
182 527
262, 392
361, 864
281 948
240, 492
1
53 2
119
210
156
492
113
82 066
71, 722
97, 575 103, 175
523
980
324
478
361
6 039
19, 554
26, 090
20 067
11 497
48 806
17 729
32,978
20 944
12 656
54 207
35 601
22, 435
22 353
10 Oil
4 891
53, 372
31, 145
21 352
10 725
47 127
24 080
30,097
19 704
14 031
23 039
19 007
24, 880
27 463
10 587
10 381
19 139
17, 862
27 876
6 808
7 635
14 420
22, 539
20 606
6 522
7,895
22, 741
24, 972
28 793
13, 174
i 53 3
50 8
54 1
50 1
52 8
56 9
59 7
51 5
51 4
54.2
50.7
259
'224
259
236
166
170
'231
'549
'226
'287
225
171
171
'225
540
248
290
350
287
144
95, 536 103,471 110, 141
8 021 8, 595
13, 877 24,306
23, 029 18, 163
42 216 35, 165
16,032
9,307
11 005
16 630
29, 928
29 749
16 159
20 761
35, 024
22, Oil
22 444
9,901
44.1
50 2
47 4
293
'277
369
160
'270
'232
'312
224
174
173
'232
'545
'303
'277
384
170
'269
'231
'291
236
170
171
'234
'545
303
277
380
174
'265
'236
'313
240
172
168
'243
'547
291
272
365
161
263
239
290
240
175
174
262
546
284
266
361
150
295
312
282
297
314
284
296
314
296
315
331
'81
333
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products!
1910-14= 100. _
Crops?
_ _
do
Commercial vegetables
_ _ do
Cotton _
do
Feed grains and hay
__
do
Food grains
do
Fruit _ _
do
Tobacco
_
do
Livestock and products 9
do
Dairy products
do
Meat animals _
do
Poultry and eggs
do
Prices paid:
All commodities and services
_ do
Fainily living items
do
Production items. _ _ _
_
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100
Parity ratio §_
do
166
190
307
490
'236
256
270
142
248
232
261
245
173
164
r
236
r
513
261
r
261
r 319
145
'244
243
287
r
247
180
164
241
r
500
r
245
248
292
144
251
247
'r 321
252
182
162
249
499
254
r
241
r 319
r 137
' 254
'241
r
282
'254
180
r 157
r
228
' 499
r
265
r
240
r 342
282
300
270
288
306
276
287
303
276
290
r 307
313
76
321
77
320
76
'237
'239
••247
262
r
r
'249
'223
'233
244
171
162
'231
'517
272
'258
'341
'147
'249
'223
'237
249
171
160
'248
'528
271
'270
'333
150
'249
'221
'252
248
161
164
r 234
'528
273
277
r 332
'151
'249
'219
'259
245
156
167
'211
'550
'275
'282
332
r 139
'252
'232
'249
253
177
160
'197
'501
269
'249
'343
142
r 155
'290
'281
'357
164
r 277
290
307
278
290
307
278
289
305
277
288
305
277
288
305
276
289
307
276
291
309
278
293
309
281
323
78
323
79
323
78
321
78
321
78
322
77
322
77
324
327
r
80
79
CONSUMER PRICES
(17. S. Department of Labor Indexes)
Unadjusted indexes:
All items
1957-59=100__
109.9
109.6
108.1
109.3
110.1
Special group indexes:
All items less shelter
__do
109.4
108.0
109.6
109.1
110.0
All items less food
do
110 4
110 3
108 9
110 1
110 3
Commodities
do
106 2
105 2
106 4
106 9
105 9
Nondurables
do
106 0
107 5
107 9
107 0
108 6
Durables 9
do
102.9
102 6
103 0
102 6
103 0
New cars _
do
100 2
101 2
99 0
100 7
97 4
Used cars ._ _
do
121 6
121 1
122 7
120 8
120 6
Commodities less food
do
104. 4
105.2
105.1
105.1
105.0
Services
do
115 2
117 5
117 3
117 6
117 8
Services less rent- __ _
do
120 0
119 5
117 0
119 3
119 7
Food 9
_
do
106 4
108 8
107 3
107 9
110 1
Meats, poultry, and
fish
do
98.6
100.3
105.1
106. 4
99.8
Dairy products
do
104 7
105 0
104 5
104 2
104 0
Fruits and vegetables
do
115.3
115.2
121.4
117.6
125.9
Housing
do
107 2
108 5
108 2
108 2
108 2
Shelter 9
do
108 7
110 6
110 1 110 2
110 3
Bent
do
107 8
108 8
108 8
108 9
108 8
Homeownership
do
109.1
111.4
110. 8
110.8
111.0
Fuel and utilities 9
do
107 3
107 2
107 2
107 1 106 9
Fuel oil and coal
do
103 5
105 4
104 6
103 4
105 6
Gas and electricity
__do____
107.9
107.7
107.8
107.7
107.8
Household furnishings and operation_do_I__
103.1
102.8
103.1
103.1
103.1
Apparel and upkeep
do
105 7
106 3
106 9
106 8
106 8
Transportation
_
do
109.3
111 0
111 1
111 4
111 2
Private- _
do
107 9
109 5
110 0
109 7
109 7
Public
,
do
119 0
121 3
121 3
121 3
121 4
Health and recreation 9
do
113.6
115.4
115.6
115.6
115.7
Medical care __
do
119 4
122 3
121 6
121 8
122 2
Personal care
do
109 2
110 7
111 0
109 9
111 0
Reading and recreation
do
114.1
115.2
115.9
115.9
115.7
Seasonally adjusted indexes:*
Food..
do
Apparel and upkeep
do
Transportation
do
' Revised.
1 Based on unadjusted data.
2
Beginning with indexes for Jan. 1966, data for six additional areas (Cincinnati, Houston,
Kansas City, Milwaukee, Minneapolis-St. Paul, and San Diego) have been incorporated
into the national CPI. These areas were "linked" into the CPI as of Dec. 1965 and were
first used in calculating the Dec. 1965-Jan. 1966 price change.
d"Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).
110.2
110.0
110.2
110.4
110.6
111.0
a 111. 0
111.6
112. 0
112.5
110.1
110 2
106 9
108 7
102 3
97 2
123 0
104. 7
117 8
120 0
110 9
109.2
104 3
124. 3
108 3
110 6
108 9
111.2
106 6
103 2
106.9
102.9
106 1
111 5
110 0
121 4
115.3
122 7
108 7
114.6
109.8
110 2
106 6
108 5
101.8
97 1
120 3
104.7
117 9
120 0
110 1
109.8
105 0
114.6
108 2
110 7
109 0
111.4
105 3
103 5
107.7
102.9
106 4
111 0
109 5
121 5
115.6
122 8
109 0
114.3
110.0
110 6
106 6
108 6
101.7
96 5
118 9
104.9
118 5
120 7
109 7
109.8
105 3
108. 5
108 6
110 8
109 1
111.6
107 4
104 3
107.9
103. 1
107 2
111.0
109 5
121 6
115.8
122 8
109 2
114. 8
110. 2
110 9
106 9
108 7
102.1
97 7
119 4
105.3
118.7
121 0
109 7
108.9
105 5
108.5
109 0
111 2
109 2
112. 1
107 7
106 9
107.9
103.3
107 8
111 2
109 7
121 6
116.2
123 0
109 2
115.2
110.4
111 2
107 1
108 9
102.4
98 7
118 7
105.6
119.0
121 3
109 7
108.5
105 8
109.9
109 2
111 5
109 3
112.5
107 9
107 2
108.0
103.3
108.1
111. 5
110 1
121.6
116.4
123.4
109 6
115.4
110.8
111.3
107.4
109.4
102.4
98.7
118.2
105.7
119.3
121.6
110.6
110.1
106.1
111.0
109.4
111.8
109.5
112.9
108.1
108.6
108.0
103.6
110.8
111.1
107.4
109.6
101.9
97.4
114.8
105.3
119.5
121.8
111.4
112.9
106.6
111.3
109.2
112.0
109.7
113.1
106.4
108.9
107.9
103.6
107.3
111.2
109.6
122.0
116.9
124.2
110.4
115.7
111.4
111.3
108.0
110.6
101.8
97.2
114.0
105.4
119.7
122.0
113.1
115.7
107. 0
116.5
109.4
112.1
109.8
113.3
106.5
109.0
108.2
103.8
107.6
111.1
109.6
122.0
117.1
124.5
110.8
115.9
111.9
111.6
108.4
111.1
102.0
97.1
115.4
105.6
120.1
122. 5
113.9
116.9
108.1
117.4
109.6
112.3
109.9
113.5
106.6
108.9
108.2
104.0
108. 2
111.4
109.9
122.1
117.6
125.3
111.0
116.6
112.4
112.2
108.8
111.4
102.3
97.4
117.4
106.0
121.1
123.6
114.0
115.6
108.9
119.8
110.3
113.0
110.1
114.3
108.3
108.5
108.3
104.4
108.7
112.0
110.5
122.1
118.1
125.8
111.6
116.8
108.1
111.6
110.1
122.0
116.6
123.7
110. 0
115.4
114.3
114.2
113.1
111. 6
108.8
108.0 108.5
107.8
112.3
111.4
111.8
110.8
^Revisions for Jan. 1963-Mar. 1965 are available upon request.
§ Ratio of prices received to prices paid (parity index).
9Includes data for items not
shown separately.
* New series. Beginning with indexes for Jan. 1966, seasonally adjusted
indexes for selected groups and subgroups of the CPI were published by the Dept. of Labor.
Additional information and a description of the BLS Seasonal Factor Method are available
from the Bureau of Labor Statistics, U.S. Dept. of Labor, Washington, D.C. 20210.
110.8
107.6
111.3
S-8
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
June 1966
1966
1965
Annual
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
COMMODITY PRICES— Continued
WHOLESALE PRICES^1
( 17. S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1957-59=100
9 Foodstuffs
_ .. --.
do
13 Raw industrials
__do__ _
All commodities
_
_______
__
do
By stage of processing:
Crude materials for further processing— __ do
Intermediate materials, supplies, etc
do
Finished goods O
do
By durability of product:
Durable goods. _ _ _ _ _ _ _ _ _ _ d o _ _
Nondurable goods
do
Total manufactures _
do
Durable manufactures _
___
do
Nondurable manufactures
_
do_ __
Farm products and processed foods
do
1
97. 7
!88.8
104. 6
* 104. 7
191.9
1 114. 6
105.3
90.6
116. 7
105.2
90.3
116.9
104.2
90.1
115. 3
103.3
89.0
114.6
104.7
91.2
115. 2
105.4
93.2
114.8
105.6
93.4
115.0
106.1
93.9
115.5
108.9
97.9
117.1
112.0
100.7
120.5
113. 8
101.9
122.9
113.6
100.7
123.5
112.5
100.8
121. 5
110.7
100.4
118.3
100. 5
102.5
101.7
102. 1
102.8
102.9
102.9
103.0
103. 1
103.5
104.1
104.6
105.4
105.4
105.5
105.5
94.1
100. 9
101.8
98.9
102.2
103.6
96.9
101.8
102.8
98.3
101. 9
103. 2
100.6
102. 2
103.9
100.5
102.3
104.0
100.8
102.4
103.8
100.0
102.5
104.1
100.1
102.6
104.3
100.8
103.0
104.7
103.2
103.0
105. 3
105.2
103.4
105. 6
107.5
103.8
106.3
106.9
103.9
106.4
106. 4
104.3
106.3
104.5
104.8
106.2
102. 4
99. 1
101. 1
102. 5
99.7
103.7
"101.5
102.8
103.7
101.9
103.4
100.4
102. 1
103.4
100. 7
103.6
100.8
102.4
103. 6
101.1
103.7
102. 0
103.0
103.7
102.3
103.7
102.2
103. 1
103. 7
102. 5
103.9
102.0
103.2
103.9
102.4
103.9
102.2
103.2
103.9
102.5
104.0
102.4
103.4
104.0
102.7
104.2
102. 9
103.7
104.2
103.2
104.2
103.9
104.1
104.2
103.8
104.6
104. 5
104.4
104.5
104.3
104.9
105.5
104.9
104.8
104.8
105.3
105.3
105.0
105.1
104.7
105.7
105.1
105.1
105.6
104.6
106.1
105.0
105.5
106.0
104.8
98. 0
102.1
100.2
101.1
103.5
103.7
103.3
103.5
103. 6
104.3
106.5
107.7
109.8
109.4
108.7
107.8
100.3
94.2
87.4
104.0
103.0
92.2
90.1
109.0
104.5
97.5
92.4
112. 6
107.4
98.0
92.9
116.7
106. 4
106.8
101.3 ' 110. 3
91.2
90.8
112. 4
114.2
104.5
102.7
93.6
110. 4
' 110. 6
112.6
' 114. 8
' 104. 8
'110.9
110.5
113.0
114.9
105.4
110. 9
1
Farm products 9
do
Fruits and vegetables, fresh and dried-do
Grains. _
_ _ _ _ _ _ ___do_
Livestock and live poultry
do
94. 3
103. 2
94.1
84.7
98.4
101.8
89.6
98.9
97.6
117.7
91.2
91.4
98.4
118.5
91.0
96.2
100. 3
109.0
89.6
104.6
100. 0
103.9
88.4
105.0
99.1
85.5
88.3
106.4
99.5
96.1
89.3
102.6
99.4
95.6
88.6
103.2
Foods, processed 9- - - _ do
Cereal and bakery products
do
Dairy products and ice cream _
__ _ do
Fruits and vegetables, canned, frozen, .do
Meats, poultry, and
fish
do
101.0
107.8
107.8
104.8
90.8
105. 1
109.0
108.5
102.1
101.0
102.3
108.3
107. 5
100. 9
93.6
103.3
108.3
106. 8
100.4
97.7
106.1
108. 5
107.1
101.5
105. 5
106.6
109.3
107.8
101.8
106.3
106.7
108.8
108.5
100.4
106.3
106.7
109.1
109.1
101. 8
105.3
106.9
109.4
109. 4
104.7
104.9
107.6
110.6
110.4
105.4
105.5
109.4
111.2
111.3
105.1
110.5
111.5
110. 3
111.8
111. 8 . 112.1 112.2
110.9
112.7 ' 115. 0
104.7
105.5 ' 104. 8
112. 7
113.3
114.9
Commod. other than farm prod, and foods. _do
101. 2
102. 5
102.1
102.3
102.5
102.5
102.7
102.7
102. 8
103.2
103.2
103.5
103.8
104.0
104.3
104.7
96.7
94.2
95.0
96.8
100. 1
104.7
97.4
95.0
94.4
112.7
103.5
105.4
97.6
94.8
94.8
121.2
104.3
104.4
97.6
94.8
95.0
116.7
104.3
105.7
97.4
94.8
93.9
114.0
104.3
105. 7
97.4
95.0
94.0
110.3
103.3
105.7
97.1
95. 0
93.9
104.4
102.1
105.7
97.2
95.0
93.9
108.4
102.5
105.7
97.6
95.4
94.1
110.1
103. 4
105.9
97.5
95.5
94.7
106.7
103.8
105.9
97.6
95.5
94.6
110. 1
1C3.8
105.9
97.6
95.1
94.4
113. 1
103.8
105.9
97.6
95.2
94.5
110.0
104.7
105.9
97.6
95.2
94.4
106.4
104.7
105.9
'97.6
95.6
'94.1
' 104. 0
105.5
' 106. 2
97.7
95.8
94.1
102.5
106.6
106.2
Fuels and related prod., and power 9 _ do
Coal... _ _
_ _ _ _ _ __ do
Electric power.
Jan. 1958=100.
Gas fuels
do
Petroleum products, refined
1957-59=100__
97.1
96.9
101. 1
121. 3
92.7
98.9
96.5
100.8
124.1
95.9
97. 6
94.6
100.8
122.5
94.1
98.4
94.6
100. 8
122.2
95.4
98.7
94.7
100. 8
122.7
96.0
98.7
95.2
100.7
122.5
96.0
99.0
95.8
100.8
123.9
96. 4
99.2
96.6
100.8
125.3
96.4
99.4
97.3
100.8
125.8
96.6
100.3
97.5
100.8
126.8
98.1
100.6
97.6
100.7
128.6
98.4
100.5
98.1
100.4
128.2
98.3
100.3
98.2
100.4
128.9
97.8
100.0
99.9
97.5 '94.9
100.3
100.4
128.2 ' 129. 2
97.2
97.7
100. 5
96.9
100.2
128.3
98.4
Furniture, other household durables 9
Appliances, household
Furniture, household _ _ _
_ __
Radio receivers arid phonographs. __
Television receivers
98.5
91.3
105.3
81.5
90.9
98.0
89.2
106.2
80.2
88.5
98.0
89.4
106.0
81.1
88.9
98.0
89.2
106.0
81.1
88.9
98.0
89.4
105.9
81.1
88.9
97.8
89.2
105.9
79.6
87.8
97.7
88.6
106.1
79.0
88.0
97.7
88.6
106.2
79.0
88.0
97.8
88.6
106. 4
79.2
87.9
98.0
88.6
106.6
79.2
87.9
98.2
88.8
106. 7
79.2
87.9
98.3
'89.0
107.0
78.4
87.9
98.4
89.0
107.2
78.5
87.7
'98.6
98.4
89.1 '89.3
107.2 ' 108. 3
78.4
78.4
87.2 '86.8
98.9
89.4
108.8
78.4
86.8
Hides, skins, and leather products 9 _ _ . _ _ d o
Footwear _ _ _ _ _ _ _
_
do
Hides and skins
do
Leather
do
Lumber and wood products.._ __ do
Lumber
do
104. 6
108.5
87.5
102.9
100.6
100.7
109.2
110. 7
111.2
108.1
101. 1
101. 9
106.3
109.7
96.3
103.6
100. 5
101.0
107.4
109.7
105.9
104.2
100.4
101.0
107.7
109.8
103.1
107.6
100.3
101.1
108.8
110.0
117.4
105. 9
100.5
101.2
112.2
110.2
133.4
112.5
101.8
102.5
111.3
110.3
124.9
110.9
102.0
103.1
113.3
113.6
125.6
111.9
101. 6
103.0
113.6
113.7
126.5
113.3
101.6
103.0
114.6
113.8
132.3
114.2
101.9
103.4
116.0
114. 4
140.0
116.6
102.8
104.3
117.8
114.9
152.8
118.0
103.7
105.6
118.7
115.3
147.8
123.3
105.6
107.4
' 120. 8
' 118. 6
148.8
122.4
108.4
' 110. 9
122.8
119.2
163. 0
125.1
109.7
113.1
Machinery and motive prod. 9
do
Agricultural machinery and equip _ _ _ _ _ d o
Construction machinery and equip
do____
Electrical machinery and equip.
__do
Motor vehicles.
_ _ _ _do
102. 9
112.9
112. 4
96.8
100.5
103.7
115.1
115.3
96.8
100. 7
103.7
114.6
115.0
97.0
100.8
103.7
114.7
115.1
97.1
100.8
103.8
114.7
115.2
96.9
100.7
103.7
114.9
115.3
97.0
100.7
103.8
114. 8
115. 6
96.7
100. 7
103. 8
115.0
115.6
96.6
100.5
103.9
114.9
115. 8
96.6
100.5
104.1
116. 8
116.4
96.5
100.5
1C4.2
117.0
116. 5
96.6
100.5
104.4
117.3
116.9
97.0
100.5
104.7
117.8
117.5
97.8
100.4
105.0
118.0
117.9
98.2
100.3
105. 2
118. 1
' 118. 5
' 98. 4
' 100. 2
105.7
118.1
118.7
98.6
101.0
Metals and metal products 9 —
Heating equipment
Iron and steel _ _ _ _
Nonferrous metals _ _ . _
_ _do_
do
_ _ do_
do
102.8
92. 0
100.5
105.9
105.7
91.7
101.4
115.2
105.2
91.9
101.4
113.4
105. 7
91.6
101.5
115.2
105.9
92.0
101.3
116.2
105.8
91.7
101.5
115. 5
106. 2
91.9
101.4
116.5
106.2
91.9
101. 2
117.0
106.3
91.9
101.2
117.4
106.7
91.6
101.3
118.7
106.6
91.6
101.7
117.2
107. 0
91.5
102.0
118.3
107.5
91.7
102.2
119.5
108.0
91.8
102. 3
120.8
' 108. 2
92.1
102.0
'122.1
108.4
92.1
101.8
122.6
N onmetallic mineral products 9 — .
Clay products, structural _
Concrete products
Gypsum products ...
Pulp, paper, and allied products
Paper
Rubber and products
Tires and tubes
. '
do
do
do
do
do
do
do
do
101.5
104.2
100.9
108.2
99.0
103.6
92. 5
89.0
101.7
105. 1
101.5
104.0
99.9
104. 1
92.9
90.0
101.9
104.9
101.3
108. 1
99.8
103.9
92.3
88.5
101.9
104.9
101.3
108.1
100.0
104.0
92.9
89.7
102.0
104.9
101.6
107. 5
100.0
104. 1
93.1
90.2
101.9
105.3
101.7
105.7
99.9
104.1
93.0
90.2
101.6
105.3
101. 5
100.6
99.9
104.1
93.2
91.1
101.6
105.4
101.6
99.9
100. 0
104.1
93.3
91.1
101.6
105.4
101.6
99.1
100.5
104.5
93. 4
91.1
101.6
105. 4
101.8
98.6
100.8
104.8
93.5
.91.1
101. 6
105.6
101.8
97.4
100. 9
104. 9
93.5
91.1
102.0
105.6
102.0
101. 4
101.2
105.2
93.7
91. 1
102. 1
105.8
102.1
101.4
101.3
105.4
94.1
91.1
102.1 '102.3
105.9
106.0
102.2
102. 7
101. 4
101.4
101.8
102.3
105.4 ' 106. 0
94.3
95.4
91. 1
94.4
102.4
106.3
102.7
102.2
102. 6
107.1
95.4
94.4
Textile products and apparel 9 _
Apparel.. _ _ _ _ _ _
Cotton products. _ _ _ _ ...
Manmade fiber textile products
Silk products _ _ _ _ _ _ _ _
Wool products.
do
d o
___do_
do
do
do
101.2
102.8
99.6
95.8
117.3
103. 0
101.8
103.7
100.2
95.0
134. 3
104.3
101.5
103.1
99.7
96.1
134.5
103. 1
101.6
103.2
99.9
96.0
135.1
103.8
101.9
103.6
100.2
95.9
132.2
104.0
101.9
103. 8
100.3
95.7
127.6
104.4
101.9
104.1
100.4
94.7
132.8
105.0
102. 1
104.2
100. 6
94.2
134.9
105.2
102.0
104. 3
100.8
93. 3
140.3
105.4
101.9
104.2
101.0
92.5
142.2
105.4
102. 0
104.3
101. 2
91.9
143.6
105. 4
101.9
104.6
101.0
91.3
147.6
105.9
102.0
104.7
101.5
91.0
155.3
105.8
102. 1 102. 2
' 104. 7
104.7
101.8
102. 3
90.8
90.5
151. 4
151.6
106.0
106.3
102. 2
104. 8
102.6
89.9
140.9
106.5
107.4
100.7
105.6
109.2
101.0
107. 7
100.8
105.8
111.0
102. 7
107. 8
100. 7
106.5
110.3
102. 4
108.1
100.8
107.3
108.9
102.5
107.6
100.7
105.6
111.0
102.5
107.6
100.7
105.6
112.6
102.9
107.6
100.7
105.6
111.5
102.7
107. 7
100.9
105. 6
111.5
103.2
107.7
100.9
105.6
111.2
103.1
107.7
100.9
105.6
113.2
103.0
107.9
101.3
105.6
112.5
103.1
108.1
101.1
105.6
114. 3
103. 2
108.0
101.0
105.6
116.0
103.3
109.2
109.4
101. 0
101.0
110.0
109.5
113.1
113.0
103.3 '103.7
109.4
101.0
110.0
115.1
103.7
$0.995
.925
$0. 976
.910
$0. 983
.915
$0. 979
.912
$0. 973
.908
$0. 972
.907
$0. 972
.909
$0. 971
.907
$0. 970
.906
$0. 966
.904
$0. 961
.901
$0. 956
.901
$0.949
.896
$0.948
.889
$0. 948
Chemicals and allied products 9 Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials..
Prepared paint ._ _ _
-do
do
do
do
do
_ do
do____
do
_do
_do
do
Tobacco prod, and bottled beverages 9 ... do
Beverages, alcoholic. __
_
do
Cigarettes
__ _ __ _
do _ _
Miscellaneous
do
Toys, sporting goods.
do
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices.
_ _
1957-59=$!. 00__
do
l
' Revised.
* Preliminary
Annual averages computed by OBE.
cf For actual wholesale prices of individual commodities, see respective commodities.
O Goods to users, including raw foods and fuels.
$0. 949
.893
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
June 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
S-9
1966
1965
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
New construction (unadjusted), total
_mil. $__
66,221 ' 71, 903 5,634
6, 197
6,768
6,768
6,806 '6,789 ' 6, 754 ' 6, 486 '6,010 ' 5, 065
4,650 ' 5, 418 '5,986
6,560
Private, total 9
do
Residential (nonf arm)
_..
do
New housing units
do. __
Nonresidential buildings, except farm and public utilities total 9
mil $
Industrial .
___do_ __
Commercial—
..__ __ _do_ __
Farm construction
do
Public utilities .
do. _
45, 914
26, 507
20, 612
49, 999
26, 689
20, 765
3,948
2,134
1,559
4 319
2,371
1,728
4 647
2,630
1,935
4 587
2,591
2,019
4 623
2,527
2, 009
4 607
2,450
1,955
4 606
2,370
1, 897
4 530
2 283
1,836
4 381
2 138
1,723
3,651
1, 843
1,483
3,389 r 3, 861 ' 4 228
1,627 ' 1, 873 '2 192
1,315 '1,443 ' 1, 621
4 611
2 432
1,799
12 998
3,572
5, 406
1, 221
4,850
16 521
5, 086
6,704
1 195
5,178
1 282 1 382
376
440
520
534
92
95
435
409
1 423
440
560
102
456
1 397
422
548
109
454
1 488
438
615
112
465
1 549
478
646
107
465
1 605
478
678
104
487
1 605
500
682
99
500
1 635
575
640
95
466
1 302
442
510
92
367
1 266 ' 1 452 1 465
'511
453
504
451
'530
538
92
91
91
395
'431
354
(i)
(i)
(i)
96
474
Public, total 9
do
20, 307
' 21, 904
1,686
1 878
2,121
2,181
2,183
_do
do
_do
do
7,052
474
968
7,144
612
30
66
553
658
32
77
645
708
40
83
778
696
44
78
880
703
45
86
851
71 411
71 973
71 756
70 358
49, 717
50, 132
50, 317
49, 122
49 222
50, 167
50, 084
51, 209
53, 445
26, 675
27 070
27 224
26 983
26 621
26, 413
26, 343
26 243
26 684
16 220
4, 775
6,709
1,209
5,181
16 390
5 416
6,091
1, 201
5 034
16 300
5 426
6,199
1,196
5 187
15 406
4 907
5 882
1,188
5 185
15 949
4 973
6 239
1,186
5 142
16 984
5, 321
, 6, 977
1,186
5, 208
16 923
5, 068
7,056
1, 185
5,196
17 839
5 291
7 706
1,183
5 429
19 551
6, 250
8, 017
1,182
5,412
18 812
5 987
7,846
1,185
5 220
(i)
19 388 '20 495 18 557
6, 629 '7 073 6 400
0)
7,294 ' 7, 672 6 942
0)
1,190
1,194
1, 197
1 201
5 512 ' 5 409 ' 5 458 5 474
do
21, 694
21, 841
21, 439 '21, 236
do
do.
.do
do
7,351
393
888
7 559
7,536
395
887
7 512
7,315
451
834
7 523
7, 382
471
980
7,499
7, 609 ' 8, 187 ' 8, 311 ' 8, 382 ' 8, 196 '8 404
8,357
'522
' 505 ' 522 '525
529
472
' 524
832
760
910
1,025
967
733
823
7 494 ' 7, 689 ' 7, 734 '7,398 ' 7, 559 ' 7 507 7 457
4 770
4 864
4 625
4 795
4 265
Buildings (excluding military)
Residential
_
Military facilities
_
Highways and streets.
' 7, 684
'464
883
r
7, 539
New construction (seasonally adjusted at annual
rates), total
mil. $
Private, total 9
_
do. __
Residential (nonfarm)
do
Nonresidential buildings, except farm and public utilities, total 9
mil. $
Industrial
do
Commercial
_
_ ^
do.
Farm construction _ _
_.
do
Public utilities
do
Public, total 9 .
„_
Buildings (excluding military)
Residential
_
Military facilities
Highways and streets
_ _
r
2 182 ' 2 148' 1, 956 ' 1, 629 '1 414 1,261 ' 1, 557 ' 1 758 1 949
'722
'48
91
'825
'728
' 50
82
'799
'687
'46
88
'666
'637
'42
63
'468
556
37
52
277
'618
38
69
436
'678
41
(i)
538
720
43
(i)
628
77 017 '78 140 '75 839
76 234
53,285
54, 290 '55,066 '53,342
53 584
27,460
27, 463 '27 279 '27 447
27 820
' 588
' 38
54
'362
70 863 '72 830 '72 687 '74 039 '76 046 '76 055
21, 641 '22,663 '22,603 '22, 830 '22,601 '22,770
22, 727 '23,074 '22, 497
22 650
' 8 355 '8 148 8 383
530
535
535
(i)
(i)
1,009
7 360
7 409
7 309
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.):
Valuation, total
mil. $
Index (mo. data seas, adj.)
2
1957-59=100__
Public ownership
mil $
Private ownership
__ _ _
do_ _
By type of building:
NonresidentiaL _
do
Residential
_.
_
do
Non-building construction. _._ _. _
do
New construction:
Advance planning (ENR) §
do
Concrete pavement awards:
Total
thous. sq. yds
Airports
do
Roads _
do
Streets and alleys _ _ _ _ _ _ .
_ do
Miscellaneous
do
47, 299
49, 831
4 153
4,356
3, 745
3,698
3 374
3 270
4 737
147
141
153
149
144
158
161
5 098
3137
144
152
145
139
149
139
2
2
15 371
31, 928
16 330
33, 501
1 539
3,231
1 517
3,348
1 553
3,072
1 750
3,045
1 313
2 952
1 332 1 294
2,821 3,061
1,163
2,582
1,304
2,395
1 125
2,249
1 066 1 463
3 274
2,204
1 574
3,524
2
2
2
15, 495
20, 561
11, 244
17, 470
21, 461
10, 900
1,546
2,139
1,086
I 775
2,074
1, 015
1 551
2,- 080
993
1 691
1,952
1, 151
1 507
1,971
788
1, 464
1, 756
934
1,582
1,897
877
1,328
1,696
721
1,433
1,446
819
1, 177
1,290
906
1,259
1,299
712
1 726
2,004
1,007
1 883
2, 081
1, 134
3,322
2,962
4,174
3 215
3 714
3,915
3,895
4,618
5,707
3,384
3,942
4,608
3,686
147
3,578
44, 405
45, 625
123 768
5 352
89, 872
25, 578
2,967
125, 580
4,410
86, 779
29, 016
5,376
New housing units started:
Unadjusted:
Total, incl. farm (private and public)
thous __ 1, 590. 7
One-family structures_ _ do_
973.0
Privately owned
do
1, 557. 4
1, 542. 7
963.5
1, 505. 0
154. 9
100.2
152.2
162.1
102.3
157.5
162.3
99.9
155 5
143.9
94. 1
141 3
138.0
88.5
134 7
125.9
80.0
124.3
135.7
87.2
133 6
118.3
71.4
116. 1
103.2
59.9
102 3
87.3
48.2
84 6
'81.0
'46.8
r
78 2
1, 563. 7 1, 520. 4
1, 117. 7 1, 067. 5
1, 530. 4 1, 482. 7
152.8
102. 5
150.1
159.8
110. 4
155.2
159.7
114.3
152.8
141.6
95.1
139.0
136.2
94.8
132.8
124.3
87.8
122.7
133.0
94.8
130.9
117. 1
78.8
114.9
101. 6
75.9
100.8
86.3
61.5
83.7
' 79. 5 '128.7 ' 146. 6
'55.4
105.5
90.9
'76.7 ' 124. 1 '144.5
1 552
1,532
1 516
1,501
1,566
1,539
1,473
1,447
1 427
1,409
1,453
1,436
1 411
1,380
1,547
1,531
1,769
1,735
1 611 ' 1, 374 ' 1 569' 1 499 1,306
1,585 ' 1, 349 ' 1 538' 1, 478 1,275
1,187
677
1,240
722
1, 254
703
1,243
704
1,217
692
1,180
677
1,259
741
1,282
736
1,325
735
1, 262
709
116
116
116
117
117
117
118
118
118
820
901
917
804
809
825
907
917
804
809
827
908
917
804
809
829
908
939
834
809
834
909
940
834
805
835
909
940
834
815
837
909
941
837
817
840
913
945
839
821
843
916
946
840
822
34 455
1 601
22, 421
8,991
1,443
29, 147
1,329
20, 831
5, 639
1, 347
33 048
857
20, 692
9,549
1,950
25 684
513
21, 298
3,161
711
HOUSING STARTS AND PERMITS
Total nonfarm (private and public) _.
In metropolitan areas. _ __ __
Privately owned.
_
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only) _
do
do__
do
do
do
New private housing units authorized by bldg. permits (12,000 permit-issuing places) :
Seasonally adjusted at annual rates:
Total
thous_.
One-family structures _ _
_
do-
1,286
720
1,242
709
' 130. 9 ' 148. 8 137.8
97.2
80.8
' 146 7 133 9
•r 126 3
134.5
130. 6
1,191 ' 1, 293 ' 1, 169
'641
659
'760
1,091
601
118
'119
119
845
917
949
841
830
854
926
954
852
836
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York
San Francisco
St. Louis
1957-59=100--
112
116
114
114
1913—100
do
do
do
do
802
878
888
792
785
824
904
925
814
808
815
901
917
804
803
818
901
917
804
810
Associated General Contractors (building only)
122
123
121
123
1957-59=100119
l
2
' Revised.
Not yet available; estimate
included in total.
Annual total includes
3
revisions not distributed to months.
Computed from cumulative valuation total,
f Revised series. Monthly data for 1962-64 appear on p. 40 of the May 1966 SURVEY.
217-518 O-66-5
126
125
124
124
124
124
124
124
124
124
124
9 Includes data not shown separately.
§Data for Apr., June, Sept., and Dec. 1965 and Mar. 1966 are for 5 weeks; other months,
4 weeks.
SURVEY OF CURRENT BUSINESS
S-10
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
June 1966
1965
Annual
May
Apr.
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. H. Boeckh and Associates: f
Aver age, 20 cities:
All tvpes combined .
1957-59=100
Apartments, hotels, office buildings. _do
Commercial and factory buildings
do
Residences
do
113.4
114. 6
113.4
111. 6
117. 2
118.5
117.2
115.2
115.6
117.0
115.5
113.7
116.1
117.5
116 1
114.1
117.2
118.4
117 3
115.0
118.0
119.2
118.1
116.0
118.2
119.4
118.3
116.1
118.4
119.7
118. 5
116.4
118.8
120.0
118 8
117.0
118.9
120.1
118 9
117.0
119.5
120.7
119.5
117.6
119.7
121.1
119.8
117.1
119.5
120.6
119.5
117.6
119 8
120.8
119 8
118 0
120.3
121.4
120.3
118. 7
Engineering News-Record:
Building
do
Construction
do
Bu. of Public Roads— Highway construction:
Composite (avg for year or qtr.)
1957-59—100
116.1
123. 2
118.9
127. 8
117.8
X26.0
117.8
126.0
118.8
127.6
119.1
128.6
119.5
129.5
120.1
129.8
120.4
129.8
120.2
129.7
120.4
130.0
120.5
130.0
121.7
131.2
122.0
131.4
123.1
132.4
102.0
105.7
152. 6
157.1
162.7
160.0
159 6
148.9
171 2
160.3
159 5
165.6
176.7
160.8
171.0
164.1
165 9
146.8
150.0
157. 2
144.9
168.8
134. 8
144.4
137.1
155.5
154.2
151.9
183 2
161 1
157.5
186 2
183.4
159.1
179 4
165 9
155.5
207 3
170.0
161.9
233 2
163 6
149 1
236 2
187 5
167 5
246 7
161 6
173 8
224 5
159.8
166 3
235 8
143 6
159.5
188 1
148.0
156.6
150 2
136.4
' 148. 0
103.6
' 144. 0
151.4
101.6
178.0
172.2
182.1
188.9
113.6
102.1
18.7
187
9.5
100
16.6
180
10.4
113
15.7
154
9.7
100
15.1
165
8.6
95
17.3
186
8.9
95
16. 6
189
8.4
97
15.1
192
7.2
94
14.5
222
6.8
100
13.3
219
6.7
105
13.6
214
5.9
89
13.8
179
5.4
72
17.7
160
9.1
92
16.0
168
10.1
111
12.8
133
9.4
98
Home mortgages insured or guaranteed byFed Hous. Adm.: Face amount
mil. $ 6, 573. 22 7, 464. 59
2 852 21 2 652.23
Vet Adm * Face amount!
do
Federal Home Loan Banks, outstanding advances
to member institutions end of period
mil $
5 325
5 997
541. 38
178 87
515. 58
182 49
610. 77
217 36
646. 67
217 21
757. 29
244 70
755. 77
254. 42
714.36
245 00
706. 02
242. 64
698. 25
227. 87
727. 41
236. 31
511. 89
189. 76
607.09
163. 04
515. 71
131.82
497. 79
5 219
5 227
5 586
5 793
5 770
5 802
5 826
5 724
5 997
5, 898
5,739
5 687
6,516
1,554 ' 1, 998 1,891
106.7
106 9
1
1
123. 7
133. 4
109 0
106.6
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted 9
Seasonally adjusted
1947-49—100
do
Iron and steel products, unadjusted
Lumber and wood products, unadj
Portland cement unadjusted
do
do
do
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units. .
Seasonally adjusted annual rates J_
.do
Requests for VA appraisals
do
Seasonally adjusted annual rates J
do
New mortgage loans of all savings and loan associations, estimated total
mil. $
By purpose of loan:
Home construction
do
Home purchase
do
All other purposes
do
New nonfarm mortgages recorded ($20,000 and
under) estimated total
mil $
Nonfarm foreclosures
number
Fire losses Con bld^s contents etc )
24, 505
23, 847
2,068
2,022
2,399
2,186
2,187
2,079
1,961
1,825
1,996
1,549
6 515
10, 397
7 593
5 921
10, 696
7 230
558
850
660
526
861
635
614
1,099
686
520
1,063
603
511
1,099
577
490
1,015
574
487
910
564
431
834
560
491
865
640
322
640
587
307
645
602
'454
'814
'730
36 921
108 620
116 664
10 259
9 578
10 248
9 753
9 521
9 806
9 577
9 642
10, 421
9,375
9,211
10, 179
119 54
q
111 78
11 5 44
108 72
112 28
124 04
120 40
131 10
133 36
'138
126
'145
'113
78
'118
'183
138
126
147
112
97
126
174
143
131
151
112
108
110
187
142
121
159
111
109
102
182
144
131
156
115
96
125
184
mil $ 1 367 13 1 455 63 128 48
116 92
l O 5°
429
802
660
123 59
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adj.:
Combined index
1957-59—100
Business papers
do
M^agazines
do
Outdoor
Radio (network)
Television (network)
do
do
do
Television advertising:
Network (major national networks) :
Net time costs total
HP! $
Automotive incl accessories
do
Drugs and toiletries
do
Foods3 soft drinks, confectionery
do
Soap* cleansers etc
do
Smoking materials
do
All other
do
Spot (natl. and regional, cooperating stations):
Gross time costs total
mil $
Automotive, incl. accessories. ...
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do
Soaps, cleansers, etc...
do
Smoking materials
do
All other
do
Magazine advertising (general and natl. farm magazines) :
Cost total
mil $
Apparel and accessories
do
Automotive, incl. accessories.
do
Building materials
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do
125
112
136
103
89
103
157
136
122
147
109
92
108
175
1, 145. 9
96.5
360.6
209.5
103.2
146.8
229.2
1, 260. 3
99.1
409.2
234.8
112. 0
145.4
259.8
279.2
17 3
88.7
56 6
27 9
31 0
57 7
269.2
16 3
91.0
52.0
26.8
29 3
53 8
401.5
44.4
123. 9
67 3
28.6
46.7
90.6
354.5
24.0
116.3
72.2
30.3
41.1
70.6
1, 016. 0
38.5
192.9
352.7
98.5
50.2
283.2
1, 075. 5
38.9
207.4
377.7
100.4
48.7
302.4
273.6
9 5
48 1
97.7
25 9
13.4
79.1
248 3
10 1
51 1
82.7
26 4
10.5
67.5
303 9
10 6
56. 4
107. 1
25 8
11.5
92.5
290.2
12.9
57.0
107.8
26.3
12.7
73.6
996.8
61.8
110.7
27.1
108.9
134.8
1, 076. 9
64. 8
111.7
30.4
115.9
133. 9
« '130
114
82
« '170
103.4
8.6
11.9
3.7
9.7
11.3
'135
126
'145
'104
108
'119
103.7
6.6
11.0
3.7
9.4
11.6
'135
114
'145
'110
99
'112
'178
86.6
2.4
9.0
3.1
9.8
12.7
Beer, wine, liquors
do
69.3
6.0
58.3
5.9
6.1
9.2
6.1
Household equip., supplies, furnish ings.. do____
71.5
71.7
7.7
Industrial materials.
__ __ _ __ _do _
48.4
50.5
4.2
4.6
4.9
1.4
Soaps, cleansers, etc
do
21.7
16.0
2.8
2.7
41.6
Smoking materials
do
3.4
.3.6
4.3
38.3
All other
_
._ __ _
do
365.6
35.2
27.5
320.9
33.5
' Revised.
1 Index as of June 1, 1966: Building, 124.5; construction, 135.4.
?0 Copyrighted data; see last paragraph of headnote, p. S-l.
Revisions for Jan.-Mar. 1965 are as follows (unit as above): Combined index, 130; 131;
135; magazines, 136; 143; 145; newspapers, 112; 107; 110; radio, 96; 98; 108; television, 169; 164; 171.
'135
122
151
108
77
'101
'173
68.7
.9
5.9
2.4
8.3
9.4
'141
129
'160
'108
91
'89
'178
65.3
6.6
4.4
1.7
8.0
8.5
90.0
10.1
3.6
3.0
10.1
9.3
120.5
8.0
16.9
3.2
12.0
13.1
117.8
5.9
15.2
2.2
12.3
14. 3
91.5
3.9
7.2
1.2
11.9
11.1
64.6
1.7
8.8
1.6
6.6
7.7
83.1
4.0
11.2
2.3
9.1
10.7
3.8
2.4
9.2
11.3
5.2
3.2
7.3
4.6
3.6
3.0
5.4
8.5
9.1
3.4
6.0
3.8
3.3
3.9
2.9
5.7
3.9
5.0
6.5
3.1
1.5
.9
1.1
2.2
1.7
1.7
1.6
1.6
2.6
3.4
2.2
3.9
3.7
3.5.
3.4
3.3
31.0
31.3
26.7
38.6
38.8
24.3
21.3
32.7
9 Includes data for items not shown separately.
t Revised seasonally adjusted data for 1958-64 will be shown later.
§ Data include guaranteed direct loans sold.
101.9
6.8
11.5
3.4
10.8
12.2
112.4
9.2
12.5
4.7
11.1
10.9
5.2
7.6
4.0
1.4
2.5
36.4
6.0
8.9
4.2
1.7
3.0
40.2
SURVEY OF CURRENT BUSINESS
June 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
S-ll
1966
1965
Annual
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
282.3
79.4
202.9
16 2
282.4
81.6
200.8
16.0
26.0
154.8
27.2
151.0
May
. DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
_
___mil. lines__ 2, 973. 5 3, 164. 6
865.6
Classified
do
787 1
Display, total _ __
._
.do
2,186.3 2, 298. 9
170 4
Automotive
do
159 7
63.4
Financial
- _» do _
60 9
General
__
•__ __do
288. 5
292.5
Retail
do
1 673 2 1,776.7
271.8
72 7
199.1
16 6
57
25.4
151 4
286.0
79 9
206.0
16 9
50
28.5
155 6
266.0
75 7
190.3
17 3
24.9
142 7
5.4
271.9
72 9
198.9
13 2
4 6
27.4
153 8
296.3
78 4
217. 9
18 8
54
30.6
163 2
292.4
71.8
220.7
14 6
285.4
62 0
223.4
9 6
5.2
5.4
18.2
127 3
261.4
79 1
182 3
13 3
39
18 1
147 1
28.7
172 2
22.9
185 6
240.0
73 7
166 3
12 8
78
18.8
126 8
238.7
74 1
164. 6
13 4
5.7
231.0
69.5
161.5
13. 1
5.9
4.7
22.1
121.7
6.6
RETAIL TRADE
All retail stores: f
Estimated sales (unadj.), total t
mil. $
r
24, 712 '25, 552
i 24 711
261 630
283 950
23 525
23 820
23 825
24 129
22 989
22 732
25 067
25 158
30 601
29 054
21, 260
84 173
48, 730
45 799
2 931
93, 718
56, 266
53 217
3 049
7,984
5,056
4 796
8,144
5,006
4 729
8,362
5,094
4 812
8 413
4 994
4 719
8,390
4,954
4,689
8 976
4,835
4 516
' 8, 439
' 5, 204
4,916
319
6 985
4 300
4 089
'211
1
8, 040
i 4, 835
282
7,082
3,784
3 540
r
277
7,448
4,243
3 984
6, 998
4,366
4,166
260
8 066
4,821
4 540
Furniture and appliance group 9
do
Furniture, homefurnishings stores, -do _
Household appliance, TV, radio. _ _ _ _ d o
13, 090
8 079
4,199
13,737
8,538
4,223
1,015
642
1,044
666
1,106
708
1,129
724
1,139
724
1,201
712
347
1,619
941
1, 058
645
342
335
' 1, 150 ' 1, 109
'714
707
'368
341
i 1, 133
335
1,318
819
1,015
614
393
1,272
790
Lumber, building, hardware group. do
Lumber, bldg. materials dealers cf____do
Hardware stores
do
11 340
8,690
2 650
12, 115
9,302
2 813
973
745
228
1,160
1,119
1,102
1,132
865
237
885
247
1,098
1 084
729
355
817
619
198
774
594
180
Nondurable goods stores 9
__do
Apparel group
do
Men's and boys' wear stores . _ do
Women's apparel, accessory stores _do
Family and other apparel stores
do
Shoe stores
do
177, 457
15 282
3,121
5,944
3 626
2,591
190, 232
15 752
3 258
6,243
3 680
2 571
15, 541
1,383
16,768
1 455
21, 625
2 418
15 069
1 152
8,613
19, 577
62, 864
57 272
20, 269
9,335
21 423
66, 920
61 068
21 765
32, 350
20, 809
2 402
4,948
6,011
35, 840
23 421
2 581
5 320
6 305
Durable goods stores 9
-- Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers _
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations _
..
..
_
do
do____
do
do__
_._do
do____
__do
do
do__
General merchandise group 9
Department stores
Mail order houses (dept store mdse)
Variety stores
Liquor stores
_
_
_.
Estimated sales (seas, adj.), total f
do
do _
do
do
do
do.
298
265
538
309
271
;
312
1,090
839
251
329
1,143
900
243
15, 676 15,463
1 256 1 208
281
916
244
16,063
1,145
236
440
278
191
256
496
282
222
268
456
275
209
738
1,713
5,436
4 969
1,765
751
1,831
5,496
5 010
1, 844
746
1,865
5,477
4 986
1,895
766
2,015
6,043
5 519
1,963
2, 842
1,841
2,809
1,836
2,746
1,806
2,663
1,731
199
436
486
194
423
510
184
409
497
172
412
542
259
889
230
15, 541
1,173
226
443
309
195
244
275
394
15, 650 16,654
1 324 1 360
265
397
846
252
546
200
8, 606
' 5, 430
T
5, 169
••261
'980
'762
'218
288
1,038
795
243
14, 262 '16,106 '17,113
1, 009
1, 277 ' 1,463
200
'225
266
' 544
609
428
213
••275
308
••233
280
168
i 116, 671
1, 359
250
496
348
230
280
553
310
217
757
1,984
5,453
4,956
1, 926
759
1,856
5,498
5 017
1,820
798
1,878
5,962
5 448
1,884
786
1,747
5,577
5 072
1,849
1,089
1 881
6 559
5 977
1 889
778
1 708
5 600
5 127
1 815
752
1,618
5,348
4,874
1, 667
798
1,809
' 5, 808
'5 297
' 1, 827
'819
' 1, 892
' 6, 103
' 5, 578
'1,917
1802
1,987
5,684
5 210
1,986
2,865
1,863
2,962
1,942
3,122
2,035
3,600
2, 344
5,644
3 745
2,375
1 564
2,285
1,474
T
' 2, 887
1, 892
' 3, 085
' 2, 016
2,997
1,943
212
426
497
223
422
505
225
448
533
299
602
341
213
328
484
561
554
992
566
306
358
888
826
249
466
244
193
166
313
496
166
335
470
218
'393
'496
198
460
536
22,849
23 317
23322
23 668
23,585
23 753
24.194
24 647
24 816
25 023
25 263
25, 536 '25, 020
124 424
do
do_ _
do
do
7 454
4 472
4,218
7 616
4 555
4 295
7 665
4 606
4 359
7 827
4 743
4,491
7 755
4 660
4,402
7 768
4 658
4,398
7 865
4 614
4 345
8 092
4 776
4 509
8 252
4 953
4*714
8 324
4' 884
4' 610
8 399
4,995
4,718
'r 8, 649 '8,001
5, 121
4,638
r 4, 822
4, 362
••299
276
i 7 479
do
do __
do
1 104
1 088
1 099
1 118
1 127
1 184
'716
1 221
'749
1 218
*756
1 207
*735
1 208
' 759
1 220 '1,249
' 765
730
Lumber, building, hardware group
do
Lumber, bldg. materials dealers cf
do
Hardware stores
_ do__ _
Durable goods stores 9
Automotive group
_
Passenger car, other auto, dealers
Tire, battery, accessory dealers
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance, TV, radio
Nondurable goods stores 9
—
do_
do
do
do_ _
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
do
do
do
do
do
General merchandise group 9
Department stores
Mail order houses (dept. store mdse.)
Variety stores
Liquor stores
do
do
do
do
do
Estimated inventories, end of year or month: t
Book value (unadjusted), total f
mil. $
Durable goods stores 9 — ____do
Automotive group
do
Furniture and appliance group.
__do
Lumber, building, hardware group, .do
do
do
do
do
. do
Book value (seas, adj.), total t
do
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group
do
Lumber, buildine. hardware erouD— _do.___
260
247
682
332
699
334
942
724
218
1 004
1 Oil
776
228
783
228
15,395
1 242
15,701
1 299
15,657
1 278
675
337
- ..do
Men's and boys' wear stores
Women's apparel accessory stores
Family and other apparel stores
Shoe stores
Nondurable goods stores 9
..
Apparel group
Food group
General merchandise group
Department stores
__.
254
265
485
289
203
762
271
502
306
220
755
262
501
303
212
760
722
334
1 016
782
234
15,841
1 315
268
510
326
211
775
258
706
353
260
269
389
380
1 002
1 002
1 021
768
234
765
237
775
246
15,830
1 306
15,985
1 343
16,329
1 321
271
500
327
208
779
278
508
344
213
794
276
535
290
220
816
267
366
1 074
239
378
1 070
274
378
405
I 149
1,114
819
255
825
245
16.555
1 384
16,564
1 340
16 699
1 417
269
560
297
214
289
570
318
240
280
566
311
227
818
828
277
896
253
806
862
252
' 405
f 1, 150
'895
'255
289
594
327
240
'277
'569
'299
'232
806
816
1,769
5 497
5 021
1 811
1,769
5 534
5,053
1 824
1,812
5 571
5,076
1 831
1,807
5 568
5,078
1,820
1 814
5 586
5,097
1 827
1 825
5 788
5 271
1 843
1 810
5 757
5 235
1 860
1 875
5 956
5 432
1 838
1 879
5 783
5 ?78
1 907
1,935
1 915
5 879 ' 5, 917
r
5,
391
5,359
1 907 f 1, 907
2 839
1 850
2 940
1 909
2,894
1 885
2,961
1 936
2,988
1 961
3 043
1 982
3 055
1 978
'220
3 199
2 087
3 069
2 019
3 230
2 119
3 225
2 127
205
420
516
215
450
530
211
442
525
219
443
527
211
448
513
223
452
530
459
531
235
469
543
?09
433
533
243
451
560
1,215
750
385
1,034
798
236
16, 864 '16,887 '17,019
1,395
1 450 '1,377
1 746
5 451
4 986
1 792
223
457
561
3,225
'2 119
220
'459
' 559
1 16, 945
277
584
311
223
838
1,915
6,009
5,486
1,946
3,199
2,109
224
453
558
30, 181
12, 854
5,578
2,227
2,461
32, 903
14, 433
7,189
2,312
2,427
33, 384
14, 981
7, 151
2,416
2,611
33, 277
15, 098
7,338
2,389
2,611
33, 087
15, 002
7,308
2,383
2,590
32, 935
14, 918
7,300
2,338
2,547
32, 743
14, 317
6,615
2,396
2,520
32, 527
13, 623
5, 945
2,426
2,529
33,708
14, 016
6,344
2,419
2,526
34, 771
14, 533
6,772
2,502
2, 525
32, 903
14, 433
7,189
2,312
2,427
33 103
14, 923
7 541
2,312
2,462
34 148
15 480
7 951
2 307
2,504
35, 285
15, 916
8,123
2,372
2,587
35, 699
16, 118
8,218
2,480
2,602
17, 327
3,432
3,822
5,381
3,174
18, 470
3 677
4, 074
5,831
3,466
18, 403
3,779
3,862
5,923
3,465
18, 179
3,709
3,803
5,847
3,419
18, 085
3,631
3,803
5,825
3,378
18, 017
3,638
3,762
5,855
3,400
18, 426
3,930
3,735
6, 025
3,517
18, 904
4,141
3,720
6,309
3,693
19, 692
4,213
3,892
6,749
4,023
20,238
4,266
3,982
6,920
4, 175
18, 470
3,677
4,074
5, 831
3,466
18,180
3 544
3 959
5, 933
3,442
18 668
3 753
3 945
6 071
3,546
19, 369
3,939
4,033
6, 432
3,787
19, 581
3,951
4,079
6,543
3,887
31, 130
13, 136
5, 645
2,272
2. 550
33, 957
14 782
7,329
2,359
2.512
32, 546
14, 298
6,513
2, 395
2.538
32, 823
14, 566
6,813
2,383
2.535
33, 014
14,546
6,900
2,393
2,525
33, 088
14, 592
6,979
2,357
2,525
33, 360
14, 819
7,213
2,401
2,507
33,045
14, 821
7,036
2,393
2,534
33, 296
14, 782
7,250
2,335
?,562
33, 533
14, 774
7,304
2, 383
2,563
33, 957
14, 782
7,329
2,359
2.512
34, 113
14 949
7,315
2,398
2.541
34, 127
15 113
7 361
2,383
2.558
34, 556
15, 201
7,365
2,389
2.532
34, 737
15, 336
7,484
2,458
2.532
'Revised.
1 Advance estimate.
t Revised series. Data reflect use of new sample
(effective with data for Oct. 1965) based on definitions and classifications according to the
1963 Census of Business. See p. 20 ff. of the Feb. 1966 SURVEY for data back to 1959 for mfg,
and trade inventories, total and retail inventories. See p. 18 ff. of the April SURVEY for
inventory-sales ratios, mfg. and trade sales, total, and retail sales back to 1959 (revised ac-
252
counts receivable data prior to Oct. 1965 are not presently available). Complete details appear in the Monthly Retail Trade Report, Jan. 1966 and subsequent issues, available from the
Bureau of the Census, Wash., D.C., 20233. 9 Includes data not shown separately. cfComprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
SURVEY OF CUERENT BUSINESS
S-12
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
June 1966
1965
Annual
Apr.
May
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail storesf— Continued
Estimated inventories, end of yr. or mo. f— Con.
Book value (seas, adj.)— Continued
Nondurable goods stores 9
mil. $
Apparel group
do
Food group.
___do
General merchandise group
do
Department stores _• __ _ _ _ do _
17, 994
3,613
3,857
5,809
3,410
19, 175
3,871
4, 111
6,289
3,718
18, 248
3,749
3,809
5,908
3,455
18, 257
3, 762
3,784
5, 905
3,447
18, 468
3,810
3,792
6,035
3,541
18, 496
3,842
3,804
6,055
3,575
18,541
3,899
3, 815
6,048
3,553
18, 424
3,903
3,735
6,004
3,503
18, 514
3,848
3, 812
6,040
3,542
18,759
3,867
3,896
6,092
3,608
19,175
3,871
4,111
6,289
3,718
19, 164
3, 844
4,027
6, 501
3, 803
19,314
3,917
3,981
6, 443
3, 805
19, 355
3,904
4,012
6,479
3,802
19, 401
3, 915
4,019
6,523
3,875
68,306
73, 438
6,047
5,960
5,898
6,096
5,899
6,092
6,432
6,591
9, 275
5, 494
5,256
6, 214
6,661
4,287
531
1,622
1, 155
2,029
1,677
1,126
4,445
557
1,656
1,168
2, 300
1,891
1,193
420
49
150
125
179
153
94
362
47
136
98
181
162
98
351
45
128
97
183
167
103
314
38
120
82
189
170
97
337
36
125
89
183
172
99
376
41
139
106
187
168
102
390
52
145
96
197
169
109
412
53
153
98
196
155
110
679
94
263
154
318
167
135
288
40
102
81
185
163
86
263
31
99
73
179
155
86
361
37
135
104
199
187
105
420
45
158
125
207
183
96
General merchandise group 9
_-_ . _do_ _ _ 23,645
Dept stores, excl. mail order sales
do
15, 807
3,770
Variety stores
_
do
Grocery stores
_ _ __
do_ _
26,198
Lumber yards bldg. materials dealers cf do
Tire battery, accessory dealers
do _
1,242
26, 112
17, 593
4,096
27, 725
2,068
1,390
331
2,338
2,065
1,401
322
2,276
2,032
1,378
315
2,221
1,982
1,334
315
2,497
2,135
1,431
328
2, 142
2,188
1,480
326
2, 249
2,260
1,522
347
2,451
2, 615
1,743
386
2,241
4,070
2,751
701
2,831
1,707
1, 162
244
2,311
1,636
1,087
262
2,216
2,095
1,416
316
2,416
2, 236
1, 511
368
2, 631
Firms with 4 or more stores:
Estimated sales (unadjusted), total
do _
Firms with 11 or more stores :f
Estimated sales (unadj.), total 9 1
do
Apparel group 9
Men's and boys' wear stores
_
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores. _
Eating and drinking places..
Furniture and appliance group
Estimated sales (seas adj.), total 9 1
do
do
do_ _
do
do
do. _ .
do
Apparel group 9
__
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture and appHance group..
do. __
do
do
do_ __
do
do
do
General merchandise group 9
Dept stores excl mail order sales
Variety stores
Grocery stores
Lumberyards bldg materials dealers d"
Tire battery, accessory dealers
do
do
do
do _
do
do
All retail stores, accounts receivable, end of yr. or mo. :
Total (unadjusted) f
mil. $
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts
do
Total (seasonally adjusted)!
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
112
119
123
121
114
108
121
108
134
93
84
116
124
5,937
6,044
6,037
6,091
6,162
6,248
6,209
6,373
6,445
6,475
6,598
6, 610
6,574
360
47
134
94
186
154
365
47
135
96
187
157
363
45
133
97
188
159
368
46
137
95
193
158
371
47
133
97
194
160
375
47
139
97
198
163
382
49
146
99
204
164
383
46
139
104
203
160
374
45
143
100
206
168
392
49
146
106
199
180
407.
47
156
104
205
179
386
43
144
106
208
193
382
45
150
100
213
184
2, 054
1,384
317
2,279
2,132
1,418
342
2,290
2,112
1,413
337
2,302
2,172
1,458
338
2,301
2, 216
1,506
342
2,303
2, 250
1,515
348
2,323
2, 203
1,469
353
2,339
2,342
1,577
371
2, 325
2,217
1,516
342
2,499
2,330
1,564
362
2, 378
2,392
1,625
366
2,422
2,363
1,587
371
2,421
2,295
1,553
359
2,506
110
112
108
109
114
116
120
107
94
123
120
136
120
18,193
7,120
11 073
8, 269
9,924
16, 780
6,926
9, 854
7,907
8,873
17, 166
6,943
10, 223
8,040
9, 126
•18, 193
'7,120
"11, 073
' 8, 269
'9,924
17, 486
6,838
10, 648
7,786
9,700
16, 959
6,650
10, 309
7,494
9,465
17 034
6,916
10, 118
7 833
9,201
16, 824
6,722
10, 102
7,825
8, 999
17, 180
6,891
10, 289
7,965
9,215
'17, 034
' 6, 916
'10, 118
'7,833
' 9, 201
17, 207
7,039
10, 168
7,842
9,365
17, 470
7,091
10, 379
7,907
9,563
1,312
do
do
do
do
do
do
Department stores:
Eatio of collections to accounts receivable:
Charge accounts
percent
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Installment sales
do
49
17
49
18
47
17
48
17
51
18
50
17
49
18
50
18
50
18
50
18
52
18
48
18
43
39
18
43
38
19
43
39
18
43
39
18
44
37
19
44
37
19
44
38
18
42
39
19
42
40
18
43
39
18
46
37
17
43
36
21
\
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas
mil
EMPLOYMENT
Noninstitutional population, est. number 14 years
of age and over, total, unadj
mil
1
192 12
1194 57
193. 98
194. 17
194. 37
194. 57
194. 79
195. 01
195. 24
195. 45
195. 64
195. 83
196. 00
196. 16
196. 34
196. 50
134 14
136 24
135. 81
135. 98
136. 16
136. 25
136. 47
136. 67
136. 86
137. 04
137. 23
137. 39
137. 56
137.74
137. 91
135. 06
Total labor force, incl. armed forces
___thous__
Civilian labor force, total
_
do. _
Employed, total
do
Agricultural employment. _ _ - _
do
Nonagricultural employment _ _ do
76, 971
74, 233
70, 357
4,761
65, 596
78, 357
75, 635
72, 179
4,585
67, 594
77, 307
74, 621
71,070
4,473
66, 597
78, 425
75, 741
72, 407
5,128
67, 278
80, 683
78, 003
73, 716
5,622
68, 094
81, 150
78, 457
74, 854
5,626
69, 228
80, 163
77, 470
74, 212
5, 136
69, 077
78,044
75, 321
72, 446
4,778
67, 668
78, 713
75, 953
73, 196
4, 954
68,242
78, 598
75, 803
72, 837
4,128
68, 709
78, 477
75, 636
72, 749
3,645
69, 103
77,409
74, 519
71, 229
3,577
67, 652
77,632
74,708
71, 551
3,612
67, 939
78, 034
75, 060
72, 023
3,780
68, 244
78, 914
75, 906
73, 105
4, 204
68, 900
79,751'
76, 706
73, 764
4,292
69,472
Unemployed (all civilian workers)
do____
Long-term (15 weeks and over) __ do
Percent of civilian labor force...
Not in labor force
thous
C i vilian labor force, seasonally adj © .
do _
Employed, total
do
Agricultural employment
_ _ do
Nonagricultural employment..
__do_ _
Unemployed (all civilian workers)
do
Long-term (15 weeks and over) . do
Rates: f
All civilian workers
Men, 20 years of age and over _
Women, 20 years of age and over :
Both sexes, 14-19 years of age. _ ___ __
3,876
973
5.2
57 172
3,456
755
4.6
57 884
3,552
1,050
4.8
58, 504
75, 302
71, 688
4,769
66, 919
3,614
813
3,335
804
4.4
57 556
75, 306
71, 816
4,869
66, 947
3 490
715
4,287
762
5.5
55, 477
75, 652
72, 085
4,651
67, 434
3,567
779
3,602
587
4.6
55, 102
76, 054
72, 618
4,639
67, 979
3,436
685
3,258
612
4.2
56, 310
75, 772
72, 387
4,572
67, 815
3,385
717
2,875
609
3.8
58 626
75,611
72, 297
4,418
67,879
3, 314
728
2,757
588
3. 6
58, 149
75, 846
72, 561
4,551
68, 010
3,285
697
2, 966
531
3.9
58, 445
76,111
72, 914
4,273
68, 641
3,197
644
2, 888
600
3.8
58, 749
76, 567
73, 441
4,486
68, 955
3,126
660
3, 290
678
4.4
59, 985
76, 754
73, 715
4,429
69, 286
3,039
661
3,158
685
4.2
59, 930
76, 355
73,521
4,442
69, 079
2,834
579
3,037
749
4.0
59,707
76, 341
73, 435
4,363
69, 072
2,906
588
2,802
779
3.7
58, 994
76, 666
73,799
4,482
69, 317
2, 867
603
2,942
602
3.8
58, 349
76, 268
73,231
4,076
69, 155
3,037
536
52
3.9
5.2
14.7
4 6
32
4.5
13.6
4.8
3.4
4.6
14.7
4.6
3.3
4.4
14.0
4.7
3.2
4.8
14.0
4.5
3.2
4.4
13.4
4.5
3.1
4.4
12.9
4.4
3.0
4.2
13.2
4.3
2.9
4.2
13.2
4.2
2.8
4.3
12.3
4.1
2.6
4.0
12.9
4.0
2.6
3.8
12.0
3.7
2.6
3.6
10.9
3.7
3.8
2.6 ' 2.4
3.6
3.6
12.0
11.7
4.0
2.4
4.0
13.4
' Revised. l As of July 1.
fSee corresponding note on p. S-ll.
9 Includes data not shown separately.
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
© Effective with the Feb. 1966 SURVEY, data reflect revised seasonal factors; comparable
data for earlier periods appear in the Feb. 1966 BLS report, Employment and Earnings and
Monthly Report on the Labor Force, GPO, Wash., D.C. 20402.
1 Unemployed in each group as percent of that group.
SURVEY OF CUERENT BUSINESS
June 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
1965
Apr.
Annual
S-13
May
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May*
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.) :f
Total, unadjusted!- _
thous._
58, 156
60, 444
59, 471
60,000
60, 848
60, 694
60,960
61,515
61,786
62, 029
62, 660
61, 041
61, 212 '61,826 '62,497
17, 259
9 813
7 446
17 984
10 379
7 604
17, 659
10 218
7,441
17, 745
10 279
7 466
18, 027
10, 437
7,590
18, 016
10 416
7,600
18, 211
10 410
7 801
18, 428
10 608
7 820
18, 412
10 623
7 789
18 443
10 686
7 757
18, 415
10 718
7 697
18 274
10 697
7 577
18 457 '18 588 '18 708 18 825
10 812 '10 910 '11 025 11 106
7*645 r 7 678 ' 7 683 7 7i9
do
_ do
do
do
633
79
148
289
628
83
142
282
623
83
144
280
629
83
142
282
640
84
142
288
641
84
139
290
640
85
140
288
627
84
136
281
629
83
143
278
631
84
145
279
628
84
144
281
617
83
143
277
613
84
143
275
r 615
C ontract construction.
___''_•
_ _ do
Transportation and public utilities 9
do
Railroad transportation
_ _ _
do
Local and interurban passenger transit, do
3, 056
3,947
756
3,211
4,031
737
3,223
4,008
737
271
270
2,974
4,025
718
2,851
4,034
710
273
272
3,015
'4,054
711
252
270
3,203
4,087
733
270
3,575
4,098
750
3,465
4,104
738
267
3,476
4,083
749
3,375
4,091
730
270
3,412
4,070
747
3,495
4,112
741
267
2,978
3,977
735
920
213
706
614
965
231
737
620
930
224
728
613
946
227
731
614
978
229
740
627
986
233
755
634
985
234
756
639
.1,001
1,005
1,001
954
242
745
619
962
246
748
618
'970
do
do _
do
do
do_
do
12, 132
3, 173
8 959
2 964
8,569
9 595
12, 588
3,263
9,325
3,044
8,907
10, 051
12, 418
3,199
9 219
3 012
8,796
10 008
12,437
3,213
9 224
3 029
8,905
10 024
12, 596
3, 269
9 327
3 062
9,008
10 033
12,583
3,301
9 282
3 098
9, 081
9 716
12,574
3,312
9 262
3 102
9 062
9 698
do
_ _ do
_
do
do_ _
do
_
do
do
. ... do
58, 156
17, 259
9,813
60, 444
17, 984
10, 379
59, 846
17, 803
10, 241
60, 032
17, 835
10, 266
60, 501
18, 032
10, 424
229
60,621
18,072
10, 476
602
406
612
1,231
606
429
621
1,292
231
60, 290
17, 943
10, 345
607
428
619
1,285
603
428
613
1,285
601
428
612
1,306
602
430
618
1, 317
Fabricated metal products.
do
Machinery
_ •_ '_ ___ _ do
E lectr ical equipment and supplies _ _ _ do
1,187
1,606
1, 548
1, 260
1,714
1,672
1,247
1,683
1, 635
1,251
1,692
1,647
1, 259
1,707
1, 665
Transportation equipment. _
_ _
do
Instruments and related products. _ _ _ do
Miscellaneous manufacturing ind
do
1,605
369
398
1,740
385
424
1,712
379
417
1, 722
378
416
Nondurable goods industries.
do
7,446
Food and kindred products..
__do
1,746
Tobacco manufactures _
_
do
89
Textile mill products _
_ _
do
891
Apparel and related products_~____--do
1, 302
Paper and allied products. _ _ _ _ _
do____
625
Printing, publishing, and allied ind-.do____
950
Chemicals and allied products
_
do
877
Petroleum refining and related ind___do
183
Rubber and misc. plastics products. _ do
434
Leather and leather products
do
348
Mining
do
633
Contract construction
_ __ do
3 056
Transportation and public utilities
do
3 947
Wholesale and retail trade
_
do.
12 132
Finance, insurance, and real estate.
do
2,964
Services and miscellaneous
do
8 569
Government
_
.___ _ _
do _
9 595
Production workers on mfg. payrolls, unadjusted:!
Total, unadjusted!
_ _ _ _ _ _ _ t h o u s _ . 12, 769
Seasonally adjusted
do.__
Durable goods industries, unadjusted- _ do_ .
7,209
Seasonally adjusted
do_ _
Ordnance and accessories. ._
do
106
Lumber and wood products..... _ _ do.
530
Furniture and
fixtures
_ _ _
do
337
Stone, clay, and glass products. _.
do
492
Primary metal industries _ _ _
do
1 002
B last furnaces , steel and rolling mills, do
459
Fabricated metal products.
_____do
912
Machinery
_
do
1 118
Electrical equipment and supplies! __do
1,038
Transportation equipment 9
do
1 120
Motor vehicles and equipment
do
581
Aircraft and parts
do
338
Instruments and related products. ... do. _ _ _
234
Miscellaneous mfg. industries
do
319
Nondurable goods industries, unadj. do
5 560
Seasonally adjusted
__
_ do
Food and kindred products
. _ _ _ do. _ _ . 1,154
Tobacco manufactures. _ _ _ _ _
do
77
Textile mill products
do
798
Apparel and related products. _ _ _ _ _ do ._
1 158
Paper and allied products
_______do
489
Printing, publishing, and allied ind._do
601
Chemicals and allied products. _ _ _ _ _ _ do_ .
529
Petroleum refining and related ind___ do
114
Petroleum refining
do
90
Rubber and misc. plastics products _ _ d o _ _ _ .
335
Leather and leather products
•. __do
306
7,604
1,737
84
7, 562
1,729
86
Manufacturing establishments _
__do
Durable goods industries
do
Nondurable goods industries _ _ _ _ do _
Mining, total 9
Metal mining _ __
_
Coal mining
Crude petroleum and natural gas
Motor freight trans, and storage
__do _
Air transportation.
_ _do
Telephone communication
do
Electric, gas, and sanitary services. _
do _
Wholesale and retail trade
Wholesale trade _
Retail trade
Finance insurance, and real estate
Services and miscellaneous
Government
Total, seasonally adjustedf -- --Manufacturing establishments
Durable goods industries
•_ _ _
Ordnance and accessories
Lumber and wood products...
Furniture and
fixtures
_
Stone, clay, and glass products.Primary metal industries
-
247
236
920
1,351
638
977
902
178
464
354
628
263
273
12, 960
3,326
9,634
3,062
9,054
10, 413
13, 638
3,345
10, 293
3,064
9,046
10, 579
12, 716
3 303
9 413
3 049
8 959
10 427
12, 617 '12,700 '12,871 12, 913
3,299 ' 3, 305 ' 3, 313
3 321
9,318 ' 9 395 '9 558 9 592
3,054 '3 075 '3,090
3 099
9,030 ' 9, 112 ' 9, 243
9 346
10, 556 '10 667 '10 726 10 794
60, 756
18, 098
10,494
61, 001
18, 163
10, 523
61,472
18, 321
10, 615
61, 884
18, 429
10,707
62. 148
18,522
10,805
603
427
618
1,318
601
430
622
1,308
605
432
624
1,284
613
435
627
1,269
623
442
636
1,274
633
447
644
1,283
62, 501 '62,918 '62,933
18, 691 '18, 780 '18,860
10, 919 '10,996 '11,053
255
'257
'261
630
636
'628
448
'451
'451
640
643
'642
1,288
1,294 ' 1, 303
1,269
1,728
1,677
1,263
1,728
1,683
1,269
1,736
1,697
1,274
1, 745
1,722
1,294
1, 768
1,741
1,300
1,771
1,769
1,314
1,783
1,794
1, 327
1,798
1,826
'1,334
'1,800
'1,843
'1,335
'1,808
'1,879
1,332
1,824
1,895
1,735
383
415
1,740
389
418
1,781
388
428
1, 771
390
428
1,767
392
435
1,790
394
440
1,805
398
446
1,822
405
430
1,860
410
437
' 1, 884
'414
440
' 1, 887
'416
'443
1,894
420
442
7,569
1,734
86
7,596
1,723
80
7,640
1, 733
81
7,706
1, 761
81
7, 722
1,745
84
7,717
1,743
83
7,772
1,749
82
914
7,608
1, 733
87
7,604
1,717
79
915
7,598
1, 728
86
1,344
633
971
893
178
460
353
1,346
633
971
894
176
460
355
1,367
634
975
900
177
463
352
1, 343
641
981
908
179
464
351
1,345
637
981
911
179
466
353
1,356
640
980
910
179
465
354
1,362
643
984
909
177
469
354
1,369
646
990
914
178
477
357
1,377
650
992
918
178
483
358
1, 355
654
998
922
177
485
361
1,383
658
1, 004
927
176
487
363
234
916
236
921
239
921
242
924
243
928
244
933
627
243
937
250
939
943
631
627
626
633
627
617
622
3 189
4 049
12 600
3,053
8 946
10 085
3, 202
4 071
12 684
3,069
9 019
10, 171
3, 267
4,079
12,754
3,074
9, 081
10, 269
632
3 154
4 031
12 619
3,049
8 929
10 054
3,186
4 067
12 641
3,061
8 967
10 119
630
3 195
4 034
12 580
3,041
8 857
10 014
3 386
4 079
12 822
3,082
9 128
10 328
3 383
4' 090
12 909
3,080
9 142
10 390
3,374
4,104
12,942
3,082
9,205
10, 472
13,376
13, 108
13 238
7, 570
7,588
13, 180
13 252
7,621
7,599
13, 412
13 340
7,750
7,662
13, 361
13 405
7, 701
7, 721
13, 540
13 440
7,683
7,769
13,773
13 457
7, 887
7 781
13,754
13 507
7,900
7,798
13, 770
13 647
7,949
7 878
13, 724
13 731
7 968
7 955
13, 571
13 801
7 929
8 027
97
518
352
98
531
350
492
1 065
497
1 066
497
493
99
553
355
507
1 085
506
976
1 199
1,146
1 241
958
1 190
1,106
1 227
968
1 192
1,114
1 240
984
1 206
1,136
1 244
353
246
340
1,146
72
339
240
326
5 538
5 650
1,062
64
342
238
329
5 559
5 653
1,080
63
1 203
497
620
542
110
86
361
311
1 182
490
614
545
109
86
354
302
667
5 684
821
269
12, 736
3,321
9,415
3,066
9,073
10, 301
3 188
4 020
12 532
3,032
8 843
9 955
481
3,353
4,113
12,639
3,307
9,332
3,073
9,039
10, 102
629
499
1 055
' 3, 196
' 4, 077
715
240
744
618
3 145
4 013
12 494
3,024
8 814
9 924
102
532
356
272
627
84
105
274
238
742
622
236
744
630
3,211
4,031
12, 588
3,044
8, 907
10, 051
7,693
'275
' 586
993
243
745
621
666
816
100
553
353
512
1 080
506
102
558
360
516
1 076
504
106
550
364
108
543
366
519
1 069
511
1 032
484
451
974
1 204
1, 132
1 218
979
1 196
1,148
1 144
999
1 212
1,180
1 270
341
245
336
5 662
5 678
1,124
63
350
247
329
5 660
5 684
1, 175
63
826
816
364
254
365
5 886
5 676
1,266
86
817
356
250
355
5 857
5 671
1,256
78
1,004
1 212
1,203
1 291
- 697
369
254
376
5 854
5 709
1,232
86
1 184
490
613
544
109
85
355
305
1 208
499
616
544
112
87
358
310
1 165
499
618
548
114
87
354
308
1 224
503
622
551
114
87
363
318
1 229
506
626
547
113
86
369
312
1,229
505
630
543
111
85
372
311
672
678
f
Revised, p Preliminary.
fBeginning in the Jan. 1966 issue of the SURVEY, data for employment, hours, earnings, and
labor turnover reflect adjustment to Mar. 1964 benchmarks and the introduction of the 1963
amendments to the 1957 SIC system; they are not strictly comparable with previously pub-
248
84
142
63,070
660
568
830
682
832
835
248
'753
619
974
252
760
621
'7,784 ' 7, 807
' 1, 748 ' 1, 738
'85
84
'948
'946
'1,384 ' 1, 392
'659
' 659
1,003 ' 1, 013
'932
'931
176
175
' 496
491
368
363
'592
'632
3 462 ' 3, 375
'4 107 ' 4, 114
'13 015 '12,992
'3,100 ' 3, 102
'9 251 ' 9, 262
'10'571 '10,636
63, 099
18, 918
11,094
266
622
456
634
1,309
7,824
1,730
84
948
1,407
661
1, 013
938
176
499
368
625
3,317
4,125
13, Oil
3,102
9,281
10, 720
500
1 026
489
1 03*5
1,017
1 226
1,221
1 314
1, 016
1 242
1,241
1 324
381
256
373
5 821
5,769
1, 194
75
391
258
352
5 756
5 776
1,136
76
1,228
507
634
543
109
85
378
316
834
1,012
1 250
1, 245
1 318
'ggg
400
260
318
5 642
5' 774
1,088
70
9
13,727 '13,828 '13,921 14, 014
1 q QQ7 '14 003 '14 055
14 090
8,256
8 024 '8 098 ' 8, 193
8,236
8 122 '8 177 '8,213
122
125
120
' 118
'535
546
'527
522
r 371
'371
373
367
515
' 511
496
488
1 060 '1 076 1, 081
1 049
471
'460
'449
1,038
1,018 '1,023 ' 1, 033
1 277 ' 1 286 1 294
1 266
1,300
1,261 ' 1, 265 r 1,289
1 340 r i 355 '1 358 1 364
696
'699
696
431
'425
' 417
408
269
266
266
263
'345
351
338
330
5 703 ' 5 730' 5, 728 5,758
5,854
5 815 ' 5 826 ' 5, 842
1,082
1,074 '1,075 ' 1, 075
60
62
64
67
1,220
509
635
543
108
85
380
316
1 179
504
630
544
107
84
378
314
1,237
1 236 '1 244 ' 1, 223
512
' 511
504
507
642
638
'643
635
'564
566
'556
549
110
109
'107
107
84
84
85
84
'384
386
380
377
'318
314
316
320
110
540
367
508
1 017
435
706
838
108
533
368
437
706
114
522
366
442
88
834
840
844
847
lished figures. Comparable earlier data appear in BLS Bulletin 1312-3, Employment and
Earnings Statistics for the United States, 1909-65 (Dec. 1965), $4.25, GPO, Washington,
D.C. 20402.
9 Includes data for industries not shown separately.
SUEVEY OF CUEKENT BUSINESS
S-14
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
June 1966
1966
1965
Apr.
Annual
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
2,375
251
2,400
252
2,429
255
2,462
256
P631
P 71.3
P 636
p 71.8
May?
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT-Continued
Miscellaneous employment data:
Federal civilian employees (executive branch) :
United States
__
_
thous
Wash., D.C., metropolitan area do__
Railroad employees (class I railroads):©
Total
_
- -do
Index, seasonally adjusted
1957-59= 100__
2,317
244
2,347
251
2,306
246
2,308
246
2,342
255
2,375
258
2,376
256
2,341
251
2,352
251
683
75.8
p652
P73.4
649
73.0
653
72.7
663
73.1
667
73.7
666
74.2
656
74.3
652
74.6
644
75.1
P645
P 75.5
P633
P70.3
p 631
p 70.7
132.5
124.2
93.0
145.3
135.9
96 5
128.0
130.9
93.5
148.2
133.8
97.5
156,8
136.7
99.1
162.0
135.1
98.3
170.2
136.1
100.5
160.7
140.3
97.2
165.3
141.4
99.4
151.2
142.4
97.4
146.5
143.8
99 4
132.5
140.8
96.9
126.4
143.2
95.9
40.7
41.2
3.1
41.4
3.6
42.0
41.2
41.1
3.5
42.1
42.0
3.9
41.3
41.0
3.6
42.2
41.8
4.0
41.0
41.0
3.4
41.6
41.7
3.7
41.1
41.0
3.5
41.7
41.7
3. 8
41.0
40.9
3.8
41.7
41.6
,4.0
41.3
41.2
3.9
42.1
42.0
4.2
41.4
41.4
3.9
42.2
42.2
4.3
41.7
41.4
4.0
42.6
42.2
4.4
41.2
41.5
3.7
42.1
42.4
4.1
41.3
41.6
3.8
42.1
42.4
4.2
41.4
41.5
'3.8
42.2
42.3
4.2
41.2
41.5
'3.9
42.2
42 .4
4.3
41.5
41.4
4.0
42.3
42.2
4.4
2,371 i 2, 512
1254
253
INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers)!- 1957-59 = 100__
Manufacturing (production workers)!
do
Mining (production workers)!
do
' 139. 0 ' 146. 5 ' 155. 3
' 144. 7 ' 146. 1 '148.3
'•97.1 '87.8 ' 101. 9
HOURS AND EARNINGS!
Average weekly gross hours per production worker
on payrolls of nonagric. estab., unadjusted:!
All manufacturing estab., unadj.!
hours
Seasonally adjusted - _ _ _ _
_do _
Average overtime.
_do
Durable goods industries
do
Seasonally adjusted
_ _
do_
Average overtime.
do
3.3
3.9
40.7
41.0
3.1
41.7
41.9
3.5
40.5
40.4
41.2
41.7
41.8
41.1
41.9
40.8
41.5
41.9
42.1
41.0
41.0
40.7
40.7
41.3
44.1
45.7
41.6
41.4
40.9
42.4
42.3
41.3
41.8
40.7
41.4
42.3
42.6
41.8
42.2
40.8
41.0
42.3
42.4
42.0
41.9
41.4
42.0
42.5
41.8
41.0
41.9
41.0
41.7
42.3
41.7
39.9
42.4
41.4
42.2
42.3
40.9
38.2
42.4
40.8
42.0
42.3
40.7
37.8
42.9
41.2
42.6
42.2
41.4
38.5
42.7
40.9
41.0
41.6
41.9
40.1
42.2
40.4
41.2
41.4
42.0
40.3
'41.8
'40.6
41.5
'42.0
42.1
'40.6
'42.1
'41.0
'40.9
'42.0
'42.3
41.1
42.1
41.8
41.4
42.3
42.2
41.7
42.4
40. 5
42.1
43.1
41.0
41.4
42.4
40.2
42.3
43.3
41.0
42.4
43.4
41.1
41.7
42.8
40.3
42.0
42.5
40.7
41.9
42.8
40.8
42.4
43.3
41.2
42.4
43.4
41.5
42 6
44.2
42.0
42.0
43.7
41.3
42.2
44.0
41.4
42.2
44.1
41.3
42.1
43.8
'41.1
42.6
44.1
41.1
42.1
43.0
41.4
40.8
39.6
42.9
44.2
42.0
41.4
39.9
42.3
43.6
41.1
40.3
39.2
43.2
44.6
41.9
41.5
39.7
43.1
44.5
42.0
41.6
39.7
42.1
42.9
41.9
41.2
39.3
41.4
41.6
41.7
41.4
40.0
41.8
42.3
41.5
41.6
40.0
43.4
44.7
42.3
41.9
40.4
43.9
45.4
43.1
42.0
40.4
44.1
45 3
43.7
42.0
40.5
43.3
43.7
44.0
42.0
39.6
42.9
43.2
43.6
42.2
40.2
'42.7
42.9
'43.4
42.2
'40.4
'43.0
43.6
'43.0
'41.9
'39.7
42.7
39.4
40.0
40.2
Nondurable goods industries, unadj
do
39.7
40.1
40.0
39.9
Seasonally adjusted
do
39.9
3.1
2.9
3.1
Average overtime
do
3.1
2.7
41.2
41.1
41.0
Food and kindred products _ _ _
do
40.3
41.0
37.2
Tobacco manufactures
do____
38.8
37.9
35.6
37.8
41.6
41.9
Textile mill products
do
41.7
41.0
41.0
36.4
Apparel and related products _ _
_do
36.4
36.6
35.6
35.9
Paper and allied products
_ _ _ d o __.
42.2
43.0
43.1
43.3
42.8
38.5
38.5
Printing, publishing, and allied ind_ _do__
38.5
38.6
38.3
42.2
42.4
Chemicals and allied products _
_ do
41.6
41.9
42.0
42.4
42.4
42.4
Petroleum refining and related ind
do_
42.2
41.9
41.9
Petroleum refining
do
41.6
41.4
41.8
42.5
41.7
42.1
Rubber and misc. plastics products
do
40.8
41.3
42.0
38.4
Leather and leather products _ _
_do_ _
38.2
38.0
37.9
37.0
Nonmanufacturing establishments:!
42.6
Mining 9
_
do
41.9
41.7
42.6
42.3
Metal mining
•__ _ _ __
do
41.4
42.0
41.7
41.5
41.6
39 1
40.0
41.0
Coal mining
do
« 39 0
a 39 9
42.6
41.9
42.5
Crude petroleum and natural gas
do
42 3
42.0
38.4
Contract construction
do
37.2
36.7
38.0
37 4
36.8 i36. 3
General building contractors
do
35.6
35 8
36 1
Heavy construction
do
42.0
39.6
41.7
40.8
40.8
37.8
37.4
Special trade contractors
do
36 6
36 3
36 9
Transportation and public utilities:
42.6
Local and suburban transportation
do
41.6
42.6
42 1
42.0
41.9
42.2
Motor freight transportation andstorage do
42.9
42.5
41.6
40.1
39.9
Telephone communication
do
40 2
39.8
40 4
41.5
41
4
41 1
Electric gas and sanitary services
do
41 2
41 4
37.6
Wholesale and retail trade
do _
37.6
37.9
37.9
37.7
40.9
40.6
40.9
Wholesale trade.
.
do _ _
40.7
40.8
36.7
36.5
36.9
Retail trade
do
37.0
36 6
Services and miscellaneous:
37 8
37.7
Hotels tourist courts, and motels
do
38 4
37 7
37 9
39.4
39.6
39.2
Laundries, cleaning and dyeing plants do
38 7
38 8
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.:!
All manufacturing establishments f
dollars. - 102. 97
107. 53 105. 82 107. 53 107. 79
Durable goods industries
_do_ _ _ 112. 19
117.18 115. 93 117. 46 117. 74
Ordnance and accessories _ _ __ _._do_ _
122. 31
130. 73 126. 28 128. 96 129. 58
89.42
85.24
Lumber and wood products
do
86.69
88.73
88 54
86.94
Furniture and
fixtures
do
84.46
85.06
85.89
87 98
Stone, clay, and glass products _
do
105. 50
109. 78 106. 97 110. 66 110. 40
Primary metal industries
do
130. 00
133. 88 141. 12 134. 09 135. 89
Fabricated metal products
__do___
111. 34
116. 20 113. 02* 116. 75 117. 02
Machinery. _ _ _ _ _
_ _
_ ___
do _ _
121. 69
127. 15 123. 38 127. 74 128. 03
Electrical equipment and supplies
do
101. 66
105. 78 102. 91 105. 37 106. 04
Transportation equipment
do
130. 09
137. 71 134. 09 137. 81 137. 49
Instruments and related products .
-do __ 103. 63
108. 05 104. 38 107. 90 108. 99
84. 56
Miscellaneous mfs. industries
_ do
84.99
82.37
84.96
83.10
'Revised.
p-Preliminary.
» Average for 11 months.
i Includes Post Office employees hired for the Christmas season; there were about 140,000
such employees in the United States in Dec. 1965.
© Effective Jan. 1965, data reflect change in definition of class I railroads (to $5 million or
40.2
40.0
3.1
41.9
37.6
41.3
36.5
43.1
38.4
41.6
42.8
41.8
41.7
38.6
40.3
40.0
3.2
41.5
37.9
41.9
36.9
43.3
38.7
41.7
42.7
41.7
42.1
38.4
40.2
40.1
3.5
41.4
39.4
41.6
36.2
43.3
38.8
42.2
43.5
42.8
42.0
37.8
40.2
40.1
3.4
41.4
39.2
42.1
36.3
43.7
38.6
41.8
42.5
41. 9
42.3
37.8
40.3
40.3
3.4
41.3
37.9
42.3
36.4
43.5
38.5
42.0
42.3
42.0
42.4
38.2
40.4
40 2
34
41 4
39.0
42 3
36.2
43.8
39.1
42.1
41.7
41.7
42.8
39.2
39.8
40.2
3.1
40.7
38.1
41.8
35.7
42.8
38.1
41.7
41.8
41.8
42.1
38.8
40.2
40.6
3.3
40.8
39.6
42.3
36.6
43.1
38. 5
41.9
41.7
41.6
42.0
39.2
40.2
40.4
3.3
40.5
38.2
42.3
36.9
43.3
38.8
42.0
41.9
41.9
'42.0
38.5
'39.8
'40.3
'3.3
40.4
'37.9
'41.4
'36.1
43.2
'38.5
'42.4
42.6
'42.6
'41.7
'37.8
40.3
40.3
3.4
40.9
37.9
42.3
36.6
43.7
38.8
42.2
42.3
42.1
42.2
38.5
42.4
41.9
42.4
41.9
39.1
42.2
37.1
35 6
40.3
36.5
42.8
41.5
41.4
42.0
38.3
36.6
42.7
37.5
41.8
41.2
37.4
42.4
36.4
35 1
39.6
35 9
42 8
41 8
41 2
42 9
37 1
36 4
38 9
37 0
42.2
42.1
40.7
42.7
36.5
35.6
39.3
36.2
42.1
41.7
40 7
42 3
36.3
35 5
38.1
36 3
'42.6
'41.6
41.1
'43.0
37.7
36.8
'40.9
'37.2
'41.7
42.5
34.6
42.7
37.0
35.8
40.2
36.4
42.7
42.5
38.6
36.9
42.8
37.8
43.2
41.6
40.8
42.9
38.9
37.1
43.4
38.0
42.4
42.9
40.6
41.3
38.4
41.0
37.5
42.7
43.2
40.4
41 2
38.3
41.0
37.4
42.3
43.2
41.3
41 7
37.5
40.8
36.5
42.5
43.1
40.9
41.7
37.4
40.9
36.2
42 1
42.4
42 0
41 8
37.1
40.8
35.9
42 2
42 7
40 5
41 5
37.7
41 2
36 7
41.7
41.6
39.9
41 6
37.1
40.8
35.9
41 8
42.3
40 6
41 6
37.0
40.7
35 8
42.0
42.0
'40.3
'41 0
'36.9
40.7
'35.7
42.0
41.8
40.1
41 1
36.9
'40.6
35.7
38.9
39.0
38 9
38.6
37.7
38.6
37.9
38.8
37 4
38.2
37 4
38 5
37.4
38.1
37 2
38 1
'37 4
38.1
37.2
38.0
Ordnance and accessories
_
Lumber and wood products..
Furniture and
fixtures
_
Stone, clay, and glass products
Primary metal industries
Blast furnaces, steel and rolling mills
Fabricated metal products
Machinery
_ __
Electrical equipment and supplies
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
_
_
Instruments and related products
Miscellaneous mfg . industries
_do
do
do
do
do
.do
do
__do_ .
do
do _
do
do
do_ ,. _ _
do
43.6
42.5
40.0
37.1
36.9
40.7
35.7
107. 01 106. 45 107. 83 108. 62 109. 71 110. 92 110. 00 110.27 110. 95 '111.24 112. 05
116. 06 115. 51 117. 18 118. 72 119. 43 120 98 119. 99 120. 41 120. 69 '121.54 121. 82
131. 66 131. 15 131. 15 133. 56 133. 56 136. 85 135. 36 132. 93 '131.67 '132.62 132. 19
88.94
90.61
91.08
89.76
91.49
88.48 ' 88. 51 ' 91. 84 94. 47
88. 75
89 40
89.64 ' 88. 75 90.67
89.04
89.24
86.51
90.73
90.30
88.15
88 58
92 02
110. 83 111. 78 112. 10 112. 94 112. 94 112 25 110. 66 110. 54 '112.56 '113.82 115. 06
135. 68 132. 51 133. 44 130. 06 129. 83 132 48 135. 34 136.08 137. 25 '138.74 137. 99
114. 68 115. 08 116. 48 118. 30 118. 72 119. 71 118. 02 119. 00 119. 85 '119.99 121. 84
125. 83 124. 95 127. 12 129. 47 130. 20 133. 48 132. 41 133. 76 134.51 '134.03 135. 83
103. 97 104. 60 106. 08 107. 12 108. 32 110 04 108. 21 108. 47 107. 79 '107.68 108. 09
133. 46 130. 82 135. 01 141. 48 144. 87 145 53 142. 46 141. 14 '140.06 '141.47 140. 48
107. 53 108. 05 108. 58 109. 78 110. 88 111 30 111. 72 112. 25 112. 67 '112.29 114. 33
86.46
87.12
88.44 '88.88 ' 87. 74 88.80
83. 71
85.20
84.80
86.46
87.48
more annual railway operating revenues). The index (back to 1963) has been adjusted for
comparability, whereas the number of employees has not.
! See corresponding note, bottom p. S-13.
9 Includes data for industries not shown
separately.
SURVEY OF CURRENT BUSINESS
June 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1966
1965
Apr.
Annual
S-15
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
May
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.f— Con.
All manufacturing establishments f— Continued
Nondurable goods industries
dollars
Food and kindred products _ _
do
Tobacco manufactures
_ ' _ _ _ _doTextile mill products
do
Apparel and related products _ _
do
Paper and allied products
do
Printing, publishing, and allied ind _ do
Chemicals and allied products
_ _ _do.
Petroleum refining and related ind__ __do__ _
Rubber and misc. plastics products
do
Leather and leather products .,_
do
Nonmanufacturing establishments : t
Mining 9
do
Metal mining
do
Coalmining
_ _ _
do_
Crude petroleum and natural gas.
do
Contract construction
do
General building contractors
do
Heavy construction. __
_ _ do._ _
Special trade contractors
do
Transportation and public utilities:
Local and suburban transportation
do
Motor freighttransportationandstorage.do
Telephone communication _ do
Electric, gas, and sanitary services
do _ • _
Wholesale and retail trade _
do
Wholesale trade- _ _ _ _ _ _ _
__ do _
Retail trade
do
Finance, insurance, and real estate:
Banking
do
Insurance carriers do
Services and miscellaneous:
Hotels, tourist courts, and motels
__do___
Laundries, cleaning and dyeing plants, do _ _
Average hourly gross earnings per production
worker on payrolls of nonagric. estab.:f
All manufacturing establishments
t
dollars. _
Excluding overtimed1
do
Durable goods industries—_
__
-do _
1
Excluding overtimed
—do
Ordnance and accessories
do__ _
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products.
_do
Primary metal industries
__
_ _do_._
Blastfurnaces, steel and rolling mills do
Fabricated metal products
do
Machinery—.
do
Electrical equipment and supplies. _. do _ " _
Transportation equipment 9 — -do
Motor vehicles and equipment . do
Aircraft and parts.
_
do
Instruments and related products. __ _do__
Miscellaneous mfg. industries _
do
Nondurable goods industries.
do
1
Excluding overtimed
-do
Food and kindred products
_ __do__ _
Tobacco manufactures
do
Textile mill products _ _ _ _ _
.do _
Apparel and related products .
do
Paper and allied products _
do
Printing, publishing, and allied ind
do
Chemicals and allied products
_ do__ _
Petroleum refining and related ind
do
Petroleum refining.
__ ... __
do__
Rubber and misc. plastics products __ do
Leather and leather products
do
Nonmanufacturing establishments^
Mining 9
_
__ __ ...
__do
Metal mining
do
Coal mining
do
Crude petroleum and natural gas _
do
Contract construction. _ _ _ _ _ _ _ _ _ d o
General building contractors
do
Heavy construction. _ __
__ _do__ _
Special trade contractors
do
Transportation and public utilities:
Local and suburban transportation. _ _ -do
Motor freight transportation andstorage.do
Telephone communication
do
Electric, gas, and sanitary services . do
Wholesale and retail trade
do
Wholesale trade
__ _ _ _
__-do._ _
Retail trade
do
Services and miscellaneous:
Hotels tourist courts and motels
do
Laundries, cleaning and dyeing plants— do
90.91
97.17
76.05
73. 39
64.26
109.57
114. 35
116. 48
133. 66
104.90
68.98
94.64
99.87
79. 59
77.98
66.61
114. 22
118.12
121. 09
138. 42
109. 62
71.82
92.20
98. 74
77.96
75.03
63.72
109. 72
115. 67
120. 84
139. 07
104. 45
69.56
94.00
100. 45
81.10
76.54
65.52
112.66
117. 04
120. 69
137. 80
107. 59
71.44
94.47
100. 53
83.16
77.52
66. 61
114. 31
117. 43
120. 96
137. 38
109. 46
72.19
94.87
100. 98
82. 72
77.64
66.43
114. 65
117. 12
120. 22
139. 10
109.25
71.80
95.11
99.19
78. 07
79.19
67. 53
115. 18
118. 81
121. 35
138. 35
109. 88
72.19
95.68
100. 19
78.41
78.62
67.33
116.48
120.28
123. 65
142.68
110. 46
71.82
95.68
100. 19
77.62
79.99
67.52
117. 12
119. 66
122. 06
141. 10
112. 10
71. 82
96.32
100. 77
80.35
80.79
67.70
116. 58
118.97
123. 06
142.97
111. 94
72.58
96. 96
101. 84
83.07
80.79
67.33
117. 82
121. 60
123. 35
140.53
113. 42
74. 87
95. 52
100.94
82.30
79.84
66.05
115.13
117. 73
122. 18
140. 87
111.14
74.11
96. 48
101. 59
88.31
81. 22
68.81
115. 94
119. 74
123. 19
140. 95
110. 88
75. 26
96.88 '96.71
'101.25 '102.21
' 84. 80 ' 85. 65
81.22
79. 90
69. 37 ' 67. 51
'116.91 '117.50
121. 06 '120.12
122. 64 '124.66
141. 62 '146.12
'110.46 '110.51
' 73. 92 ' 72. 95
97. 93
103.89
86.41
81.64
68.44
119. 30
122.22
124.49
144. 24
111.41
74. 69
117. 74
122. 54
126. 82
113. 05
132. 06
122. 79
131. 78
138. 35
123. 52
127. 71
137. 38
115.90
138. 01
128. 16
137. 50
144. 65
120. 51
125. 33
134. 11
114. 66
132. 49
124. 24
126. 72
139. 76
123. 97
127. 68
138.40
117. 15
140. 16
129. 54
139. 86
147. 04
123.97
126. 77
142. 27
113. 97
139.08
127. 78
140. 53
145. 86
122.96
128. 21
134. 46
116. 03
140. 50
129. 15
143. 38
147.04
126. 14
127. 71
141.98
117. 12
143. 15
131. 33
148. 43
148. 96
124. 66
131.57
135. 29
116. 47
138. 75
128. 52
138. 63
145. 27
126. 26
130. 31
143. 24
115. 92
144. 01
132. 49
149. 45
150.00
123. 73 127. 12
128.96 131. 67
129. 78 142. 96
117. 87 119. 69
136.14 139. 50
126. 71 132. 13
135. 83 131. 87
142. 52 148. 00
126. 18
132. 19
142. 04
121. 27
137. 97
129. 23
132. 44
145. 89
126. 30
130. 94
142.45
120. 13
138. 30
129. 93
130. 68
146. 65
127.37
129. 79
'143.44
'121.69
142. 88
134.32
'138.65
'149.92
'122.60
134. 30
117. 64
122. 12
140. 60
131. 74
137. 48
147. 42
129. 81
104. 16
124.02
105. 32
125. 25
74.28
102. 56
64.75
107. 78
130. 48
109. 08
131. 24
76.53
106. 49
66.61
106. 50
126. 46
106. 66
130. 00
75. 58
105. 15
66.06
109. 06
129.55
107. 87
131. 14
76.33
106. 75
66. 43
109. 06
131. 27
107. 33
129. 47
76.56
105. 93
67.16
108. 97
131. 27
108. 40
130. 51
77.95
106. 60
68.25
110. 17
132. 62
108. 27
130. 60
77.75
106. 60
68.07
109. 56
133. 92
112. 75
133.86
77.25
106. 90
67.53
110. 08
133. 18
111.66
134. 69
77.42
107.57
67.33
109.04
131. 44
115. 50
135. 43
76.80
108. 12
67.13
108. 88
132. 37
112. 59
134. 05
77.29
109. 59
67.90
108. 00
128. 54
110. 12
135. 20
77.54
108. 94
67.49
109. 10 '109. 62
132. 40 131. 88
112. 87 '111.63
135.62 '133.25
77.70
77. 49
109. 08 109. 48
67.47
67.30
110. 88
131.25
111. 08
133. 99
77.86
110. 03
67.47
76. 67
92.01
79.24
95. 12
79.24
94.49
78.86
94.86
78.44
94.74
79.24
95.74
79.24
95. 86
79.18
95. 86
80.35
95.86
80.35
96.49
80.35
96.87
82.28
97.73
81.47
98.74
81. 84
' 98. 47
81.99
98.74
49.54
55.73
51. 17
58.98
49.90
59.10
51.65
60.19
50.90
59.58
52.13
59.28
51.74
58.67
51. 65
59.06
52.30
60.14
51.99
58.83
52.36
59.68
51.99
59. 44
52.08
59.06
' 51. 99
59. 82
52.45
60. 04
2.61
2.60
2.50
2.50
2.79
2.78
2.67
2.67
3.12
3.08
2.13
2.17
2.12
2.09
2.62
2.59
3.18 • 3.20
3.46
3.48
2.76
2.73
2.95
2.91
2.58
2.56
3.21
3.17
3.34
3.31
3.14
3.09
2.61
2.59
2.13
2.12
2.36
2.34
2.27
2.26
2.43
2.45
2.10
2.19
1.83
1.87
1.79
1.83
2.60
2.65
3.02
3.06
2.85
2.89
3.28
3.28
3.47
3.46
2.56
2.61
1.88
1.88
2.61
2.50
2.79
2.66
3.10
2.16
2.10
2.61
3.17
3.43
2.76
2.95
2.57
3.19
3.32
3.12
2.60
2.13
2.35
2.26
2.45
2.18
1.84
1.80
2.62
3.04
2.86
3.25
3.43
2.58
1.88
2.61
2.50
2.79
2.67
3.10
2.18
2.10
2.61
3.19
3.46
2.76
2.95
2.58
3.19
3.32
3.12
2.62
2.14
2.35
2.26
2.44
2.20
1.85
1.82
2.64
3.05
2.88
3.24
3.45
2.60
1.88
2.61
2.50
2.79
2.67
3.12
2.18
2.11
2.62
3.20
3.47
2.75
2.94
2.58
3.17
3.29
3.11
2.61
2.13
2.36
2.27
2.41
2.20
1.88
1.82
2.66
3.05
2.89
3.25
3.45
2.62
1.86
2.59
2.49
2.77
2.65
3.13
2.20
2.12
2.63
3.17
3.43
2.74
2.94
2.57
3.16
3.28
3.13
2.61
2.12
2.36
2.26
2.39
2.06
1.89
1.83
2.66
3.07
2.91
3.24
3.43
2.61
1.88
2.63
2.51
2.81
2.68
3.13
2.21
2.14
2.65
3.20
3.49
2.78
2.97
2.60
3.23
3.36
3.15
2.61
2.13
2.38
2.28
2.42
1.99
1.89
1.86
2.69
3.10
2.93
3.28
3.48
2.63
1.90
2.63
2.52
2.82
2.68
3.15
2.21
2.15
2.67
3.18
3.47
2.79
2.99
2.60
3.26
3.39
3.18
2.62
2.14
2.38
2.28
2.42
1.98
1.90
1.86
2.68
3.10
2.92
3.32
3.52
2.65
1.90
2.65
2.53
2.83
2.69
3.15
2.20
2.15
2.67
3.19
3.47
2.80
3.00
2.61
3. 30
3.44
3.21
2.64
2.14
2.39
2.29
2.44
2.12
1.91
1.86
2.68
3.09
2.93
3.38
3.59
2.64
1.90
2.66
2.54
2.84
2.70
3.19
2.17
2.16
2.66
3.20
3.50
2.81
3.02
2.62
3.30
3.43
3.23
2.65
2.16
2.40
2.30
2.46
2.13
1.91
1.86
2.69
3.11
2.93
3.37
3.57
2.65
1.91
2.67
2.55
2.85
2.72
3.17
2.17
2.15
2.66
3.23
3.53
2.81
3.03
2.62
3.29
3.40
3.25
2.66
2.20
2.40
2.31
2.48
2.16
1.91
1.85
2.69
3.09
2.93
3.37
3.55
2.64
1.91
2.67
2.56
2.86
2.72
3.15
2.19
2.15
2.67
3.24
3.54
2.82
3.04
2.62
3.29
3.39
3.26
2.66
2.20
2.40
2.31
2.49
2.23
1.92
1.88
2.69
3.11
2.94
3.38
3.56
2.64
1.92
2. 68
2.56
2.86
'2.72
3.15
'2.18
2.16
'2.68
3.26
3.56
2.84
3.05
2.61
3.28
3.37
3.26
2.67
'2.20
2.41
2.31
'2.50
'2.22
1.92
1.88
'2.70
3.12
2.92
3.38
3.57
'2.63
'1.92
'2.70
'2.58
'2.88
' 2. 74
'3.15
'2.24
2.17
' 2. 71
'3.28
3.59
'2.85
'3.06
' 2. 62
'3.29
3.41
'3.25
'2.68
'2.21
2.43
2.33
' 2. 53
2.26
1. 93
'1.87
'2.72
'3.12
2.94
'3.43
'3.63
'2.65
'1.93
2.90
3.06
2.94
3.14
3.46
2.76
3.74
3.61
3.44
3.98
2.95
3.14
3.46
2.76
3.76
3.62
3.50
4.00
2.96
3.13
3.47
2.78
3.74
3.61
3.43
3.97
2.97
3.15
3.47
2.79
3.76
3.63
3.39
4.00
2.99
3.14
3.49
2.84
3.78
3.63
3.37
4.03
3.00
3.14
3.50
2.84
3.81
3. 66
3.43
4.04
2. 99
3.12
'3.49
2.83
3.79
3.65
3.39
4.03
'2.94
3.16
3.40
2.86
3.80
3.68
3.42
4.05
2.59
3. 10
2.73
3.21
2.06
2.62
1.85
2.59
3.09
2.73
3.23
2.07
2.63
1.86
2.59
3.10
2.75
3.24
2.07
2.65
1.87
2. 58
3.10
2.78
3.23
2.05
2.66
1.85
2.59
3.09
2.76
3.25
2.09
2.67
1.88
2.53
2.44
2.71
2.60
3.02
2.11
2.05
2.53
3.11
3.41
2.67
2.87
2.51
3.09
3.21
3.02
2.54
2.08
2.29
2.21
2.37
1.96
1.79
1.79
2.56
2.97
2.80
3.19
3.37
2.54
1.82
2.81
2.96
-3.26
2.66
3.55
3.43
3.23
3.78
2.92
3.07
«3.45
2.74
3.69
3.55
3.37
3.92
2.89
3.02
3.43
2.73
3.61
3.49
3.20
3.85
2.91
3.04
3.46
2.75
3.65
3.52
3.33
3, 89
2.91
3.04
3.47
2.72
3. 66
3.52
3.37
3.90
2.73
3.64
3.50
3.35
3.89
2. 92
3.07
3.48
2.73
3.68
3.54
3.42
3.92
2.48
2.96
2.62
3.04
1.96
2.52
1.75
2.56
3.07
2.70
3.17
2.03
2.61
1.82
2.56
3.04
2.68
3.14
2.01
2.59
1.80
2.56
3.07
2.69
3.16
2.03
2.61
1.82
2.56
3.06
2.69
3.15
2.02
2.59
1.82
2.57
3.06
2.67
3.16
2.03
2.60
1.82
2.58
3.07
2.68
3.17
2.03
2.60
1.82
1.35
1.52
1.32
1.50
1.37
1.52
1.35
1.52
1.29
1.44
•Revised.
* Preliminary.
° Average for 11 months.
t See corresponding note, bottom p. S-13.
2.61 '2.61
3.14
3.13
2.77
2.78
3.25
3.26
2.10
2.10
2.69
2.68
1.89
1.88
1.39
1.40
1.39
1.39
1.40
1.34
1.37
1.38
1.33
1.57
1.55
1.54
1.56
1.52
1.52
1.55
1.55
1.53
<?D erived b y assumi ng that overtime hours <are paid at the r ate of tilne
9 In eludes d ata for in iustries ilot show n separal ely.
141.35
78.23
111.11
67. 83
2.70
2.58
2.88
2.74
3.14
2.26
2.19
2.72
3.27
2.86
3.08
2.63
3.29
3.25
2.69
2.22
2.43
2.33
2.54
2.28
1.93
1.87
2.73
3.15
2.95
3.41
3.61
2.64
1.94
3.04
3.81
2.64
3.14
2.77
3.26
2.12
2.11
2.73
2.71
1.90
1.89
1.41
1.58
and <me-half.
SURVEY OF CURRENT BUSINESS
S-16
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
June 1966
1965
Annual
Apr.
May
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
3 495
5 055
3 496
5 064
1 24
3 520
5 087
Mar.
Apr.
May
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Miscellaneous wages:
Construction wages, 20 cities (ENR): §
Common labor
_
_$perhr
Skilled labor _ _ _ _
________do
Farm, without board or rm., 1st of mo
_do
Railroad wages (average, class I)
___do
LABOR CONDITIONS
Help-wanted advertising, seas, adj.— 19*57-59 =100__
Labor turnover in manufacturing estab.: f
Accession rate, total mo. rate per 100 employees
Seasonally adjusted
do __
New hires
- do
Separation rate, total
__
do
Seasonally adjusted
____do___
Quit
do
Layoff
do
Seasonally adjusted __ _ _.
__ do ___
Industrial disputes (strikes and lockouts):
Beginning in period:
Work stoppages
numberWorkers involved.-. _ _
__thous__
In effect during month:
Work stoppages
_ -_
number
Workers involved
__ __
__thous__
Man-days idle during period
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
thous
Unemployment insurance programs:
Insured unemployment, all programs©
do
State programs:
Initial claims
- do
Insured unemployment, weekly avg _ _ d o __
Percent of covered employment:^
Unadjusted
Seasonally adjusted
Beneficiaries weekly average
thous
Benefits paid
- - mil. $
Federal employees, insured unemployment,
weekly average
thous
Veterans' program (UCX):
Initial claims
- - _ _ _ _ do_
Insured unemployment, weekly avg do
Beneficiaries, weekly average
_ _ do
Benefits paid
__mil. $
Railroad program:
Applications
thous
Insured unemployment, weekly avg do
Benefits paid
mil. $
3.242
4.733
1.08
2.850
3 342
4.856
1.18
2. 989
3 415
4.951
1.14
3 355
4.886
3 414
4 969
3.014
2.994
3 453
4 992
1.17
3.000
3 482
5 002
3 486
5 029
2.994
3.009
3 486
5 056
1 09
3.014
3 486
5 041
3.017
3 590
5 097
3 533
5 108
1.28
3 567
5 141
P185
123
155
143
145
146
145
152
160
168
181
186
184
191
201
189
4.0
4 3
31
40
15
1.7
19
14
41
4.1
30
36
3.9
17
11
1.4
56
4.5
43
36
4.0
17
11
1.4
45
4.1
32
43
4.0
18
18
1.6
54
4.2
39
51
4.7
2 6
16
1.7
55
4.5
4 0
57
4.4
35
13
1.3
45
4.5
35
44
4.1
22
1.4
1.3
39
50
29
39
3.9
17
15
13
31
4.9
22
4 0
4.1
14
1.8
1.3
46
49
32
4 0
40
19
13
11
4 2
48
31
36
43
18
10
1i
T4 9
r5 2
26
3.9
3.8
3.9
26
3.7
4.0
17
1.3
1.5
v4 5
?4 7
p36
J»4 1
?4 4
p2 4
p 9
p 1.0
3,655
1, 640
3,860
1,480
390
'141
420
111
450
262
380
138
380
92
280
131
320
96
270
130
125
25
205
101
240
107
310
198
350
228
22 900
23 100
580
174
1 770
670
332
2 520
620
303
3 630
630
222
2 290
515
224
1 950
560
200
1 840
510
185
1 390
335
76
912
335
127
1 000
380
142
865
450
236
1 350
500
379
2 450
6 281
6 473
555
573
610
554
603
644
611
531
462
452
460
547
1 725
1 419
1 570
1 259
1 131
1 210
1 178
1 030
982
1 104
1 386
1 736
1 678
1 381
1 112
13, 938
1,605
12, 047
1,328
956
1,470
763
1,179
870
1,059
1 078
1,139
976
1,120
760
981
791
933
1 004
1,042
1 285
1,308
1 399
1 644
985
1,590
769
1 301
693
1,044
3.8
3.0
1 373
2 522
1 131
2,166
34
32
1 373
224 9
2 7
30
1 060
165 7
2 4
30
941
156 3
26
30
932
149 5
25
31
901
148 0
22
29
834
138 6
20
27
745
117 8
2.3
27
794
132 2
3.0
27
990
172. 1
37
27
1 330
212 7
36
26
1 413
217 2
29
23
1 272
225 5
2.3
21
931
155.5
r
r
'603
^194
1 840
r 3 7
r 4 1
T
4 6
2 3
r 1 0
r 11
533
30
25
27
22
20
22
21
19
20
21
23
29
29
26
21
335
51
48
90.2
266
36
34
67.5
21
41
41
6.8
17
33
34
5.3
22
30
30
5.2
26
33
27
4.5
25
33
31
5.2
19
28
27
4.6
16
24
23
3.7
18
25
21
3.7
20
29
24
4.3
20
32
30
4.8
18
31
30
4.6
17
27
26
46
13
22
21
3.6
155
38
78 4
138
30
60 5
5
33
6 2
5
26
43
19
21
38
30
24
35
10
22
38
11
24
37
7
22
36
9
25
38
14
28
4 6
11
31
51
4
28
41
5
26
52
26
3,299
10,358
2,117
8,241
3,314
9,692
2,194
7,498
3,310
10, 554
2, 250
8,304
3,245
10,406
2,205
8,201
3,392
9,017
1,903
7,114
3,332
9,910
1,834
8,076
3,313
10,656
"
3,388
11, 014
2,066
3,464
11,560
2,253
9,307
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil. $__
Commercial and finance co. paper, total
do
Placed through dealers
-_do
Placed directly (finance paper)
do_ _ _ _
3,385
8,361
2, 223
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
--.mil. $__
Farm mortgage loans:
Federal land banks__
_do
Loans to cooperatives
_do
Other loans and discounts..do____
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (225 SMSA's)O-_—bil. $_.
New York SMSA
___—_—_do___.
Total 224 SMSA's "(except N.Y.)___
do____
6 other leading SMSA'sf
do
218 other SMSA's—
___do___.
Federal Reserve banks, condition, end of period:
Assets, total 9
——„_•
mil. $_
Reserve bank credit outstanding, total 9 --do
Discounts and advances
__do___
U.S. Government securities.
do___
Gold certificate reserves...
do___
3,384
9,533
2,047
7,486
3,467
9,934
1,976
7,958
3,355
9,370
1,965
7,405
3,337
2,046
8,393
7,104
8,080
7,607
7,729
7,873
8,040
8,013
8,007
8,022
3,718
958
2,428
4,281
1,055
2,745
3,950
978
2,679
4,011
940
2,778
4,058
931
2,884
4,097
935
2,956
4,135
944
2,962
4,171
940
2,902
4,204
1, 009
2,794
4,245
1,082
2,696
4,281
1,055
2,745
4,328
1,113
2,766
4,385
1,145
2,837
4,477
1,137
2,956
4,553
1,148
3,087
4, 647
1,106
3,193
5,135. 9
2,138.5
2,997. 4
1,140. 9
1,856. 5
5,113.3
2,151.3
2, 962.0
1,131.7
1,830.3
4,825.6
1,954.1
2,871.5
1,082. 7
1, 788.8
5,327.8
2,308.4
3,019.4
1,146.8
1,872.6
5,302.6
2,281.6
3,021.0
1,149. 5
1,871.5
5,146.8
2,128.0
3,018.8
1,141.0
1,877.8
5,126.9
2,104.3
3,022. 6
1,142.9
1,879. 7
5,129.9
2,061.0
3,068.9
1,165.4
1,903. 5
5,408.3
2,229.4
3,178.9
1,215.0
1,963.9
5, 523.1
2, 273. 5
3, 249.6
1,234.5
2,015.1
5,509. 6
2,311.5
3,198.1
1,218.4
1,979. 7
5,605.6
2,341.7
3,263.9
1,251.2
2,012. 7
5,811. 7
2,414.6
3,397.1
1,336.6
2,060.5
5, 934.1
2, 544. 0
3,390.1
1,304. 2
2, 085.9
5, 797. 5
2, 449. 4
3, 348.1
1,311. 3
2,036. 8
4,621.4
1,925.3
2, 696.1
1,030.8
1,665.3
r
3,392
9,017
1,903
7,114
8, 570
8,206
62,868
65,371
61,688
61,475
62,632
61,914
61,429
63, 504
64,050
65,371
64,246
64,124
65,452
64,797
39,930
186
37, 044
15, 075
43,340
137
40,768
40, 071
568
37, 754
14,144
41,169
545
38, 686
14, 023
41,159
657
39,100
13, 670
41,166
536
39, 207
13, 591
40,619
237
39,049
13, 596
41, 704
174
39,774
13, 587
41,905
510
39,657
13, 582
42,789
365
40, 575
13,512
43,340
137
40,768
13,436
43,085
239
40, 565
13,436
42,717
315
40,189
13,432
42,840
327
40, 734
13,204
43,285
452
40, 713
13,190
43,940
441
41,480
13, 092
r 62, 868
65,371
61, 688
61, 475
62, 632
61, 914
61, 429
63,384
63, 504
64,050
65,371
64,246
63,794
64,124
65, 452
64, 797
do
do
_do___.
19, 456
18, 086
35,343
19. 620
18,447
37,950
19, 557
18, 259
34, 662
19, 625
18, 006
34,974
19, 278
18, 229
35,444
19, 304
18, 008
35, 796
18, 645
17,191
36, 021
19, 591
18,149
36,319
19, 612
18, 204
19,163
18,050
37,408
19,620
18,447
37,950
20,098
18,751
37,337
19, 205
18, 014
37,322
19, 233
18,000
37,432
19,841
18,736
37,536
19,673
18,119
37,880
Ratio of gold certificate reserves to FR note
liabilities..
percent-.
42.7
35.4
40.8
40.1
38.6
38.0
37.7
37.4
37.1
36.1
36.0
36.0
5.3
35.1
34. €
Liabilities, total 9
-
-
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
_-dQ___
••Revised.
p Preliminary.
§ Wages as of June 1, 1966: Common labor, $3.644; skilled labor, $5.213.
t See corresponding note, bottom of p. S-13.
© Excludes persons under extended duration provisions.
cf Insured unemployment as % of average covered employment in a 12-month period.
35.4
O Total SMSA's include some cities and counties not designated as SMSA's.
.f Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SUKVEY OF CUKKENT BUSINESS
June 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
End of year
S-17
1965
Apr.
May
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
21, 740
21,356
21, 958
21, 614
21, 958
21, 589
22, 719
22, 267
Jan.
Feb.
Mar.
22,233
21, 862
22, 160 ••22 528
21, 855 ••22, 170
305
»-358
551
626
-246
>-268
Apr.
May
FINANCE—Continued
BANKING- Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
mil. $ 11 21, 609 i1 22, 719 21, 511 21, 472 21, 709
21, 198 22, 267 21, 145 21, 147 21,363
Required
--.
__do
346
366
325
i 411
1452
Excess
_do_ __
505
1243
528
1454
471
Borrowings from Federal Reserve banks __. do. ___
1—2
-105
-180
-182
1168
Free reserves
._
-_do_ __
Weekly reporting member banks of Fed. Res. System, condition, Wed. nearest end of yr. or mo.:
Deposits:
68 045 69 723 64 741 62 606 63, 809
Demand adjusted c?
mil $
102, 574 103, 507 96, 130 97, 840 103,553
Demand, total 9
__ _ __do
Individuals, partnerships, and corp
do____ 73, 654 75, 269 68, 571 67, 521 69, 651
5,239
5,269
5,545
5,410
State and local Governments
do
5, 355
8,664
4,563
5,266
6,384
U.S. Government
__ _ do_ __
3,866
12, 539
12,429 10, 965 12, 046 12, 404
Domestic commercial banks _ „ ;
do
66,881
Time, total 9
_
_ _ _ _ _ do
78, 260 72,082 72, 994 73, 817
Individuals, partnerships, and corp.:
40, 698
Savings
_
do
45, 362 42, 148 42, 540 43, 128
16, 407
Other time
_
_ do
21, 258 19, 052 19, 679 20, 130
Loans (adjusted) , totalcf -_ - - - do. __ 102, 227 117, 165 105, 234 107, 450 110, 925
42, 119
Commercial and industrial
do_
50, 629 44, 597 45, 270 46, 847
6,572
For purchasing or carrying securities_____do____
6,677
6,803
7, 418
6,420
9,032
8, 703
9,290
To nonbank financial institutions _ _ _ do_ _
10,919
9, 830
Real estate loans. __ ___
do
20, 008
22, 540 20, 559 20, 842 21, 149
Other loans
do
29,156
32 068 29, 977 30, 474 29,326
48,783
Investments, total
do
48 299 47, 438 46,708 47, 515
27,679
U.S. Government securities, total__-__.__do
24, 252 24, 510 24,026 24, 254
21, 979
Notes and bonds...
do
19, 502 20, 841 20,823 20, 619
21, 104
Other securities
do
24 047 22, 928 22, 682 23,261
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, adjusted:
277.3
267. 2
279. 4
294 0
282.8
Total loans and investments©
bil. $
177.1
167.1
183.0
191.8
179.5
Loans O
do
59.1
61.4
58.6
57.7
U.S. Government securities. _ _ _ ___ do
57.6
41.1
41.3
42.1
Other securities. _
do
38.7
44.6
Money and interest rates: §
Bank rates on short-term business loans:
In 19 cities
percent
New York City
do
7 other northern and eastern cities
do
11 southern and western cities
do
2
2
2
2
21, 863
21,513
350
21, 617
21, 187
430
524
-174
564
-134
64, 171
94, 572
68,096
4,900
5,022
10,861
74, 764
63, 505
96, 101
68, 189
5,105
3,914
12, 566
75, 896
384
528
-144
344
490
-146
369
452
-83
452
22, 750
22, 392
358
454
-2
402
-44
478
-107
64 133 65, 012 66, 175 69,723
97, 048 100, 028 101, 204 103, 507
68, 280 71,348 72, 127 75,269
5,572
5,429
5,355
4,940
2,442
5,591
3,789
3,866
12,075 13, 692 12,977 12,429
76,276 77, 170 77,662 78, 260
68,220
99,647
72,415
5,532
3,153
11,982
78,868
65 231
99, 182
71,371
5,531
3, 147
12, 619
79,600
43, 433 43, 827 44,319 44,805 45, 094 45, 362 45,015
20,542 20, 990 21, 003 21, 342 21, 511 21,258 22, 259
108, 548 111, 071 111, 755 112, 727 114, 741 117, 165 116,025
46, 282 46, 987 48, 117 48, 778 49,167 50,629 50,462
5,712
6,429
6,224
5,587
6,482
5,453
6,420
9,484 10, 289 10,154 10, 058 10, 319 10, 919 10,349
21, 367 21, 739 22, 012 22, 231 22, 425 22,540 22,638
30,224 30, 113 30,553 30, 585 31, 245 32, 068 31,444
47, 244 47, 086 47, 023 47, 769 47,790 48, 299 47, 557
23,667 22, 992 22, 830 23, 991 24, 119 24, 252 23,942
20, 677 20,322 20,202 19, 948 19, 550 19, 502 18, 957
23, 577 24, 094 24, 193 23,778 23, 671 24, 047 23, 615
281.5
182.7
56.4
42.4
286.1
185.8
57.0
43. 3
286, 2
186.2
56.5
43.5
288 9
188.0
57.0
43.9
291.5
189.8
57.6
44.1
5.00
4.76
5.03
5.31
4.99
4.74
5.01
5.31
371
294.0
191.8
57.6
44.6
297.0
195.0
57.4
44.6
22 481
22 113
368
722
—354
66, 292 67 921 65 630
97, 162 101 082 102 617
70, 313 73,303 71,772
5,651
5 469
6 030
3,223
3 983
4 700
11,512 11, 807 12 727
81,001 r81, 813 82 696
45, 064 45, 111 43 377 43 093
22, 961 24, 160 26, 040 27 133
116, 939 118, 410 119, 494 121 725
51,315 52, 640 '52,495 53 839
6,035
6,249
6,784
6,666
10,419 10, 618 10, 789 10 924
22, 730 22, 867 23, 041 23 260
31,124 32, 019 31 757 32 786
46,220 45,252 46 371 45 368
22,418 21,474 21, 849 20, 704
18,296 17, 945 18,064 17 469
23, 802 23, 778 24 522 24 664
297 1
195.5
56.3
45.3
299. 9
199.3
55.6
45.0
302 7
201 0
55.9
45.8
304 3
202 2
54 9
47.2
5.55
5.41
5.58
5.70
4. 99
4. 75
5. 02
5. 30
25.06
24 83
25.09
25.34
4.00
4. 70
2 5. 45
4.50
24.94
25.43
4.00
4. 88
5.43
4.00
4.93
5.43
4.00
4.99
5.43
4.00
4.98
5.43
4.00
4.98
5. 43
4.00
5.02
5.43
4.00
5.01
5.43
4.00
5.02
5.43
4.50
5.02
5.43
4.50
c5.06
5.43
4. 50
c 5.15
5.43
4. 50
c 5. 17
5.48
4.50
5.26
5.49
4.50
5.36
5.52
2
2
5. 78
5. 93
2 5. 76
25.89
5. 74
5.89
5.77
5.88
5.76
5.86
5. 77
5.86
5. 76
5.86
5.75
5.89
5.75
5.87
5. 80
5.91
5.78
5.91
5.81
5.97
5.85
5.97
5.90
6.01
5. 99
6.09
6.02
6.16
3. 77
»3.97
33.83
« 4. 50
34.22
M.38
s 4. 27
3 4. 69
4. 19
4.38
4.25
4. 55
4.25
4.38
4.25
4. 75
4.25
4.38
4.25
4.75
4.22
4.38
4.25
4.75
4.14
4.38
4.25
4.75
4.25
4.38
4.25
4. 75
4.25
4.38
4.32
4. 75
4.25
4.38
4.38
4.75
4.55
4.65
4.60
4.97
4.75
4.82
4.82
5.07
4.86
4.88
4.88
5.25
4.96
5.21
5.02
5.41
5.00
5.38
5.25
5. 50
5.18
5.39
5.38
5.50
3. 549
4. 06
33.954
34.22
3.932
4. 12
3.895
4.11
3.810
4.09
3.831
4.10
3.836
4.19
3.912
4.24
4.032
4.33
4.082
4.46
4.362
4.77
4. 596
4.89
4.670
5.02
4.626
4.94
4. 611
4.86
4.642
4.94
28, 260
30,312
28, 883
28,995
29, 272
29, 380
29, 498
29,845
30,001
30,312
30,442
303
299
292
30,496
314
30, 574
30,797
338
29,785
342
87, 884 79, 237 80, 469 81, 717
Total outstanding, end of year or month
mil. $
78, 442
68,565 61,886 62, 807 63,850
Installment credit, total
do
60 548
28,843 26, 235 26,717 27,280
Automobile paper
do
25 195
Other consumer goods paper
do
17 693 15, 292 15, 458 15, 648
15 593
3,534
3,488
Repair and modernization loans
do
3, 576
3,675
3 532
18, 354 16, 871 17, 098 17, 346
Personal loans
do
16 228
By type of holder:
60, 273 54, 911 55, 762 56, 726
Financial institutions, total.— _ __ _ do
53, 141
Commercial banks
do
29, 173 26, 200 26,670 27, 214
25 094
Sales finance companies
do
16 138 14, 991 15, 158 15,372
14 762
6, 871
7,032
6,739
7,512
Credit unions
_
do
6 458
5, 243
5, 202
5,287
Consumer finance companies
do
5, 606
5,078
Other
_ _ do
1,820
1, 821
1,844
1,779
1,749
7,124
7, 045
8,292
6,975
Retail out lets, total _ _
do
7,407
3 701
3 745
4 488
3 785
Department stores
do
3 922
1, 076
1, 084
1, 235
1,077
Furniture stores
do
1 152
417
447
395
405
Automobile dealers
do
370
1,838
Other
do
2
122
1,
802
1,819
1 963
19 319 17 351 17, 662 17, 867
Noninstallment credit, total
do
17 894
7 682
7 546
Single-payment loans total
do
7 277
7 400
6 954
6,477
Commercial banks
do
6,342
6 587
6 243
5 950
1, 069
Other financial institutions.
_ do _
1,034
1,058
1.095
1. 004
r
Revised.
« Corrected.
1
2
Average for Dec.
Average for year.
3 Daily average.
cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial interbank and U.S. Crovernment, less cash items in process of collection; for
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
82, 539
64, 704
27,779
15, 818
3,604
17, 503
83,319
65,508
28, 111
15,996
3,648
17, 753
83, 801
65,979
28, 175
16, 229
3,664
17, 911
84,465
66,511
28, 393
16, 492
3,676
17, 950
85, 291
67,168
28,612
16 797
3,689
18, 070
87, 884
68,565
28,843
17 693
3,675
18, 354
87, 027
68,314
28, 789
17, 566
3,634
18, 325
86, 565
68,279
28,894
17, 386
3,603
18,396
87, 059
68,827
29, 248
17, 450
3,597
18, 532
88, 184
69,543
29, 597
17, 597
3,602
18, 747
57, 537
27, 705
15, 565
7, 124
5,334
1,809
7, 167
3 811
1,090
58, 296
28,107
15, 721
7,235
5,387
1,846
7, 212
3 847
1,103
58, 703
28, 343
15, 802
7,310
5,410
1,838
7,276
3 910
1, 117
59, 105
28, 618
15, 876
7,363
5,422
1, 826
7,406
3 979
1,138
59, 567
28, 855
15, 963
7,436
5, 465
1,848
7,601
4 101
1,167
60, 273
29,173
16,138
7, 512
5.606
1,844
8,292
4 488
1,235
60, 202
29,201
16,106
7,447
5,598
1,850
8,112
4 419
1,208
60,331
29, 312
16, 072
7,473
5,621
1,853
7,948
60, 863
29,684
16, 106
7, 593
5,630
1,850
7,964
61, 539
30,127
16, 191
^ 711
5, 670
1,840
8,004
443
451
459
466
1,831
17, 811
7 575
6, 497
1,078
438
448
1,841
17, 835
7 539
6,476
1,063
1,816
17, 822
7 600
6, 520
1,080
1,851
17, 954
7 624
6,546
1,078
1,890
18,123
7 648
6,555
1,093
2,122
19, 319
7 682
6,587
1,095
2,037
18,713
7 666
6,574
1,092
18, 286
7 731
6,630
1,101
18,232
7,795
6,676
1, 119
18, 641
7 836
6, 717
1,119
Discount rate (N.Y.F.R. Bank), end of year or
month
percent-Federal intermediate credit bank loans
do____
Federal land bank loans
do
Home mortgage rates (conventional 1st mortgages) :
New home purchase (U.S. avg.)
percent..
Existing home purchase (U.S. avg.)
do
Open market rates, New York City:
B ankers' acceptances (prime , 90 days) _ . do
Commercial paper (prime, 4-6 months) .._do___.
Finance Co. paper placed directly, 3-6 mo. do
Stock Exchange call loans, going rate
do___.
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
per cent ..
3-5 year issues
_ _ _ . _ _ _ do
Savings deposits, balance to credit of depositors:
N.Y. State savings banks, end of period _ mil. $__
U.S. postal savings f
do
2
3
8
3
390
309
356
350
332
327
5.27
5 08
5.32
5.46
321
317
277
230
CONSUMER CREDIT!
(Short- and Intermediate-term)
217-518 O-66-6
425
431
433
447
9 Includes data not shown separately.
©Adjusted to exclude interbank loans.
§For
or bond
on yyields,
e s , see
seep.p.S-20.-.
^Monthly data are as of the following dates: 1965—Apr. 23; May 21; June 30; July 16; Aug.
13; Sept. 10; Oct. 8; Nov. 5; Dec. 3; 1966—Jan. 28; Feb. 25; Mar. 25; Apr. 22; May 20.
J Revised monthly data prior to Mar. 1965 appear in the May 1966 Fed. Reserve Bulletin.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1964
June 1966
1966
1965
May
Apr.
Annual
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
5,505
Mar.
Apr.
May
FINANCE—Continued
CONSUMER CREDIT§— Continued
Total outstanding, end of year or month— Con.
Nonmstallment credit— Continued
Charge accounts total
mil. $
Department stores
do
Other retail outlets
do
Credit cards
do
r
Service credit
do
Installment credit extended and repaid:
Unadjusted:
Extended, total
_ _
_
do_ __
Automobile paper
do
Other consumer goods paper
do
All other
__ do
Repaid, total
-- ---- -do. __
Automobile paper
do
Other consumer goods paper
do
All other
_
do
Seasonally adjusted:
Extended total
do
Automobile paper
do
Other consumer goods paper
__ _ _do_
All other
do
Repaid total
do
Automobile paper
do
Other consumer goods paper
_ _
_ do_ _ _
All other
_
_ _
do
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: cf
Receipts from
mil. $
Payments to
do
Excess of receipts or payments ( — )
do
Seasonally adjusted, quarterly totals: t
Receipts from
_ _
do
Payments to
do
Excess of receipts, or payments ( — )
- do_
Receipts and expenditures (national income and
product accounts basis), qtrly. totals, seas.
adj. at annual rates: *
Receipts
bil
Expenditures
do
Surplus or deficit (—)
do
Budget receipts and expenditures:
Receipts, total
__ mil. $
Receipts, netf
do
Customs
do
Individual income taxes
do
Corporation income taxes
do
Employment taxes
do
Other internal revenue and receipts
do
Expenditures, total^f
do
Interest on public debt
__ _
do
Veterans' benefits and services
do
National defense
do
All other expenditures
do
Public debt and guaranteed obligations:
Gross debt (direct), end of yr. or mo., total-bil. $_,
Interest bearing, total.
do
Public issues
_
do
Special issues
_
_ _ _ _ _ __ do
Noninterest bearing and matured..
do
Guaranteed obligations not owned by U.S. Treasury end of year or month
bil $
U.S. savings bonds:
Amount outstanding, end of yr. or mo__.do
Sales, series E and H
do
Redemptions
do_ _
1
5,210
5,453
5,496
5, 645
6,107
754
5,055
726
4,078
5,740
'725
4,291
6,746
4 149
4,221
4 509
755
4,726
4,735
746
4,738
4,685
743
4,762
4,891
4,940
5,050
5,044
5,135
6,839
2,646
1,804
2,389
5,796
2,082
1,614
2,100
6,537
2,524
1,777
2,236
5,682
2,025
1,607
2,050
6,493
2,401
1,789
2,303
5,688
2,068
1,611
2,009
6,085
2,088
1,849
2,148
5,616
2,024
1,617
1,975
6, 247
2,318
1,899
2,030
5,714
2,099
1,636
1,979
6,608
2,410
2,004
2,194
5.955
2,193
1,700
2,062
7,519
2,328
2,657
2,534
6,120
2,097
1,760
2,263
5,586
2,001
1,684
1,901
5, 837
2,055
1,811
1, 971
5,517
2,084
1,527
1,906
5,552
1,979
1,707
1,866
6,865
2,676
1,890
2,299
6, 317
2,322
1,826
2,169
6,658
2,486
1,874
2,298
5,942
2,137
1,727
2, 078
6,196
2,285
1,719
2,192
5 601
2,007
1,590
2,004
6,383
2,355
1,818
2,210
5,659
2,007
1,608
2,044
6,385
2,372
1,816
2,197
5 729
2 068
1,662
1,999
6,434
2,385
1,859
2,190
5,748
2,056
1,638
2,054
6,425
2,338
1,907
2,180
5,805
2,080
1,670
2,055
6,530
2,480
1,873
2,177
5,831
2,148
1,683
2,000
6,489
2,443
1,862
2,184
5,855
2,107
1,720
2,028
6, 544
2,340
1, 983
2,221
5,947
2,115
1,778
2,054
6,492
2,340
1,957
2,195
5,954
2,135
1,781
2,038
6,673
2,479
1,959
2,235
6,024
2,216
1,708
2,100
6,505
2,302
1,958
2,245
5,974
2,145
1,729
2,100
15 334
4 981
11 571
9 696
3 763 —4 714
11 595
12 299
-705
4,283 10 728
12, 599
11,090 10, 518 12, 312
-6,
234 —1 584
1 509
10, 838
7 091
11, 121 11 233
—283 —4 142
12 400
11,264
1 136
13, 804
12, 086
1,718
11, 853
11, 325
32, 646
32 395
30, 646
32, 104
-1,458
30, 685
33, 098
-2,413
32, 684
36, 908
-4, 224
124 4
120. 6
122.7
125.6
-2.9
125.3
127.0
-1.8
' 133. 8
133.6
5,534
6, 300
!909
4 756
*635
1
4, 640
i 6 746
1968
i 5 055
i 723
* 4, 891
3 942
4 142
4 218
4,217
683
4,864
4,809
4,793
67, 505
24, 435
19, 473
23, 597
61, 121
21, 676
17, 737
21, 708
75, 508
27, 914
21, 454
26, 140
67, 495
24, 267
19, 355
23, 873
6,554
2,537
1,621
2,396
5,531
1,993
1,510
2,028
6,253
2,419
1,684
2,150
5,330
1,937
1,518
1,875
6 245
2,299
1,648
2,298
5 500
1 975
1 497
2 028
6,167
2,249
1,731
2, 187
5 511
1 987
1,569
1,955
10 492
10 476
11 857
10 567
1 290
1
115 031
120 340
—5 308
123 376
127 920
—4 544
626
642
16
647
664
5,528
627
591
5,498
595
251
114 5
118 3
—3 8
r?4 1
117, 222
88, 696
1 352
52 334
25 047
17 106
21 382
96 945
11 039
5 484
52 261
29 067
124 354
96, 679
1 646
56 102
27 035
I?' 268
22 303
101 378
11 615
5 151
52 773
32 582
123.3
.7
3.8
11, 582
7,268
15, 525
13, 404
139
128
145
6 943
1 187
1 311
1 843
8 268
6 067
11 423
8,549
5,070
3,807
10, 586
7,350
647
771
12,640
10, 999
682
742
4,327
3,295
724
10, 220
8,106
164
159
153
5 540
'482
2 501
1 918
8 990
5 422
4 236
1 120
1 703
9 452
1 508
5 934
1 580
8, 750
1,508
2 107
9,105
137
145
1 661
968
723
855
5,393
5 670
765
528
'.2
10, 807
9,553
7,137
6,453
15,701
11, 297
136
12, 432
8, 335
140
129
168
3 705
4 315
4 140
803
682
423
6 986
1 844
9,426
1,005
1 756
8,809
1,035
4,376
7, 244
2,040
1,873
10, 193
1,035
7,341
2,440
1,320
1,821
8,362
1,013
13, 072
9,929
151
8 116
5 324
6 597
1 406
2 053
9 070
948
452
955
450
989
476
966
474
962
486
4 351
2 526
4 317
2 486
4 949
2,700
3 848
2,261
4 372
3,261
4,531
3,482
4,477
2,878
4 518
3,320
5,091
3, 155
4,605
2,712
4,483
2,200
r 5, 600
'3,038
4,995
2,078
i 317. 94 i 320. 90 316. 56
1
313. 55 i 316 52 312 21
1
267 48 i 270 26 267 81
i i4 30
1 -I K K-l
14 63
1
44 40
46 08 i 46 26
M.39
4.35
i 4 39
319. 22
314. 17
266 33
14 70
47. 83
5.05
317. 27
313. 11
264 46
14 59
48 65
4.16
316. 58
312. 20
264. 41
14 39
47. 79
4.38
318. 24
313. 90
264. 12
14 92
49! 78
4.34
316. 75
312. 36
264. 29
15 40
48.07
4.39
318. 90
314. 56
267. 60
15 18
46. 96
4.34
321. 71
317. 36
270. 30
15 65
47.05
4.36
320.90
316.52
270. 26
15 51
46. 26
4.39
322. 00
317.60
273.24
15 53
44.36
4.40
323. 31
318. 92
273. 14
15 82
45.78
4.39
321. 00
316. 58
270. 62
15 64
45.96
4.42
319. 58
315. 22
270. 30
15 47
44.92
4.36
322. 36
317. 93
269. 12
727
629
1 915
7,240
1,000
210
966
483
625
461
507
963
526
207
530
573
3,117
1 627
8,156
976
513
525
289
48.80
4.43
i 46
66
61
59
47
.50
52
.49
.46
.46
.42
.43
.46
.47
.47
49. 89 i 50. 46
4 49
4 61
5.25
5 44
50.08
39
50.11
36
50. 15
36
50.23
.39
50.26
.37
50. 28
.34
50. 36
.37
50.42
.34
50.46
.33
50.58
.41
.65
.46
.54
50.52
.43
.42
50.45
.35
50.49
.46
.41
50.44
.47
.45
152 27
68 85
6 62
56 69
52 21
4 57
7 31
1 20
7 02
152 92
69 12
6 67
57 00
52 48
4 58
7 36
1. 19
7 00
153 50
69* 16
6 74
57 38
52 81
4 61
7 41
1.23
6 97
154 42
69 63
6 75
57 66
53 04
4 64
7 46
1.28
7 00
155 19
69 82
6 80
58 02
53 36
4 65
7 51
1.31
7 09
156 04
69 84
6 96
58 41
53 72
4 68
7 55
1.27
7 34
156 89
70 10
7 07
58.82
54 10
4.68
7 59
1.25
7 38
157 64
70 22
7 13
59 28
54 52
4.70
7 62
1.36
7 33
158 70
69 97
7 24
60 02
55 20
4.68
7 67
1.48
7 63
159 63
70 50
7 29
60.52
55 68
4.69
7 72
1.30
7 60
160 23
70 66
7 29
60.88
55 99
160 80
70 98
7.27
61.29
56.32
4.72
7.85
1.02
7 67
1
1
520
2 861
2 007
81
.49
.43
.46
.46
.46
.40
.51
.47
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies i
bil $
Bonds (book value) total
do
Stocks (book value) total
do
Mortgage loans, total
do
Real estate
Policy loans and premium notes
Cash _ __
do
do
do
1 14Q 47
1 gy 96
1
7 94
i 55 15
i go g5
1
1
1
4 53
7 14
1.49
i 5 26
Payments to policyholders and beneficiaries in
U S total
mil $ 10 757 8 11 416 6
922 0
950 2
878 5
Death benefits
do
399 3
374 3
4 533 5 4 831 4
398 6
Matured endowments
do
82 0
75 2
' 931 1
80 9
898 7
Disability payments
do
12 7
160 6
12 9
14 8
163 0
oq c
o-i n
OQ f\
Qfii n 1 AOQ Q
Surrender values
do
165 2
162 9
1 833 7 1 932 3 162 1
Policy dividends
do
2. 370. 3 2! 519^ 9
182.' 9
169! 9
203! 3
T
Revised.
*> Preliminary.
1
End of year; assets of life insurance companies are annual statement values.
§ See note "J" on p. S-17.
cf Other than borrowing.
{ Revisions prior to 1965 for cash
transactions with the public (seas, adj.) and for Jan. 1964-Mar. 1965 for assets of all life insurance cos. will be shown later.
4.70
7 77
1.30
7 63
161 48
71.15
7.17
61.71
56.65
4.73
7.96
.90
7 74
984.2
909. 8 1,139.5
918.9
879 4 1 246 3 964.3
935 5
954 2
911 6
418.1
503.0
411.8
388.8
403.5
480 1
381.9
400 4
388 0
398 8
82.3
94.8
85.1
77.9
75.8
74 8
74 6
71 1
67 9
74.6
13.6
16 6
12 2
14 4
13 0
14 3
12 7
15 9
12 5
12 3
aa 7
84 fi
100 3
90 9
90 0
83 5
104 5
85 5
85 3
85 0
178.6
196.
5
162.1
157.0
148.5
174 8
158 8
164 5
148.3
157 1
200:7
228.3
186.4
169.2
209.3
210.4
415. 7
215. 3
176.6
198. 5
*New series; annual data for 1929-64 and quarterly data for 1946-64 are shown in the Aug.
1965 SURVEY.
IData for net receipts and total expenditures reflect exclusion of certain
interfund transactions.
SURVEY OF CURRENT BUSINESS
June 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1966
1965
1965
Annual
S-19
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
8,333
6,418
1,382
533
11,120
7,797
2,694
629
9,928
7,124
2, 230
574
1,216
914
206
96
1,364
1,046
220
98
1,251
947
203
101
13,730 13,634
20
-31
0 67, 775
2, 159 10,766
13,632
-57
13, 532
1.293
1,293
May
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new paid-tor insurance) :
Value estimated total!
mil. $
Ordinary!
do
Group and wholesale _
._ _
do_ .
Industrial
__do
9,109
6,888
1,595
626
8,928
6,688
1,549
691
9,443
7,011
1,799
633
8,587
6,457
1,535
595
8,796
6,654
1,537
605
9,707 i 37,675
6,700 6,919
2, 423 130,131
584
625
9,969
7,119
2,209
641
11,892
7, 423
3,937
532
7,964
6,010
1,389
565
1,204
914
188
102
1,218
924
188
106
1,223
930
195
98
1,254
954
194
105
1,222
915
204
103
1,191
898
193
100
1,248
934
211
104
1,532
1,026
278
228
1,251
953
188
110
Gold and silver:
Gold:
Monetary stock, U.S. (end of period).. .mil. $__ 15,388 13, 733 14, 410 14, 290 13,934 13, 857 13, 857 13, 858 13, 857 13,805
Net release from earmark §
do
81
256
142
124
99
-157
43
18
13
-198
Exports
. thous. $._ 422,744 1,285,097 58, 637 267, 956 126, 407 159, 947 108, 028 126, 324 101, 275 101,335
Imports
do
40,888 101, 669 1,779
1, 562
2,153 17, 794
1,539
1,888 56,027
2,465
13,733
-72
67,842
10, 102
13, 732
-37
10,877
3,037
Premiums collected:!
Total life insurance premiums
Ordinary
Group and wholesale
Industrial
_
_ do
do
do- __
do
105, 008 1139,816
73, 130 1 80, 582
24, 566
51, 876
7,312
7,358
14,385
10,768
2,225
1,391
15,032
11,250
2,419
1, 364
1, 264
962
196
106
1
MONETARY STATISTICS
Production, world total. _
South Africa
Canada
. _
United States
Silver:
Exports
Imports
Price at New York
Production:
Canada
;__
Mexico
United States
._
mil. $
do
do
do.
21,395.0
1, 019. 8
133.4
51.4
1, 069. 6
125.6
88.0
11.3
89.2
10.4
90.1
10.7
90.8
10.0
91.0
10.5
89.7
10.2
90.4
10.5
10.4
thous. $
__
do_
dol per fine oz
144, 121
66,311
1.293
54, 061
64, 769
1.293
5,302
4,932
1.293
9,273
4,364
1.293
2,101
3,763
1. 293
848
3,917
1.293
4,199
5,716
1.293
1,534
6,104
1.293
4,046
4,722
1.293
5,072
10, 809
1.293
thous. fine oz
do
_.
do.
29,933
41,716
45, 872
31, 916
40, 333
44,423
2,379
2,994
4,599
2,632
3,290
3,527
2,884
2,903
3,418
2,549
3,838
3,159
2,507
3,647
3,231
3, 043
3,566
2,957
3,020
3,677
3,871
2,801
39.6
42.1
38.8
39.2
39.7
39.9
40.2
40.4
40.8
41.8
156.3
33.5
122.8
119.4
5.8
162.6
35.2
127.4
137. 6
6.4
161.6
34.5
127.1
134.0
5.6
157.6
34.6
123. 0
135.4
9.7
159.6
34.9
124.6
136.6
9.3
160.9
35.4
125.6
138.3
9.1
160.5
35.5
125.0
140.2
7.4
163.2
35.6
127.5
141.4
5.6
165.8
36.0
129.8
143.5
5.0
161.1
34.7
126.4
133.5
160.0
34.9
125.1
134.6
161.8
35.0
126.8
135.9
162.5
35.2
127.3
137.6
162. 7
35.4
127.3
140.1
164.3
35.6
128.7
141.6
48.4
100.0
35.2
44.5
31.2
47.0
96.0
34.7
44.3
30.6
50.9
107. 0
36.3
45.5
32.2
49.3
104.9
35.1
44.4
31.1
48.4
99.4
35.5
44.9
31.7
47.2
95.4
35.3
44.1
31.4
...
__
Currency in circulation (end of period)
bil. $
Money supply and related data (avg. of daily fig.) :!
Unadjusted for seas, variation:
Total money supply
bil. $
Currency outside banks
do
Demand deposits
do
Time deposits adjusted^
do
U.S. Government demand deposits
do. _
Adjusted for seas, variation:
Total money supply
Currency outside banks
Demand deposits _
Time deposits adjusted^.
__ _ _ _ do.. _
do
do
do_ v _
Turnover of demand deposits except interbank and
U.S. Govt., annualrates, seas, adjusted:
Total (225 SMSA's) 9 -.ratio of debits to deposits..
New York SMS A
do
Total 224 SMSA's (except N.Y.)_
_ do
6 other leading SMSA'sc?
do
218 other SMSA's _
_
_ _ do
4
3 Igl 1
269 6
9.8
9.6
3,908
7,688
1.293
4,616
6,475
1.293
8,875
6,546
1.293
7,298
6, 452
1.293
2,867
3 6, 825
4,104
3,625
2,308
3,580
3,496
3,026
4,149
42.1
41.1
41.3
41.5
41.5
167.4
36.5
130.9
144.4
4.0
172.0
37.0
135.0
145.3
4.5
173.0
36.5
136. 5
147.4
3.7
167. 8
36.3
131.5
148.7
5.1
167.8
36.5
131.3
150.2
4.6
171. 6
36.8
134.8
152.2
3.0
166.9
37.0
129.9
153.9
7.2
165.6
35.9
129.7
143.6
165.7
36.1
129.6
145.5
167.4
36.3
131.2
147.0
168.4
36.7
131.8
148.0
168.0
36.8
131.2
148.8
169.2
36.9
132.3
149.6
171.1
37.1
134.0
151.6
169.5
37.3
132.2
152.9
47.4
96.3
35.1
43.8
31.4
50.5
104.7
37.0
47.6
32.1
50.6
102.2
37.5
47.7
33.3
50.7
104.5
37.0
47.3
32.7
50.9
105.6
37.0
47.6
32.5
52.3
107.1
38.3
49.1
33.5
52.8
112. 0
37.7
47.8
33.3
52.4
109.3
37.8
49.8
32.8
10.2
44.7
89.5
32.9
41.4
29.2
48.4
99.6
35.4
44.9
31.4
23,211
1,692
507
27, 521
1,896
694
7,215
454
166
6,590
522
176
7,484
511
201
7,229
469
162
314
754
2,857
4,094
681
758
1,225
338
8753
3,188
4,442
761
970
1,401
93
188
853
1,088
220
270
411
105
184
789
1,079
253
214
312
84
219
815
1,214
206
251
290
68
213
847
1,207
115
294
324
842
2,001
1,512
1,151
2,499
1,926
325
689
455
304
652
471
278
658
594
313
680
546
546
2,808
2,617
721
3,496
5 3, 285
187
1,057
759
184
469
876
203
985
976
186
973
833
10, 810
11, 979
2,942
2,623
3,756
3,040
2,385
2,568
597
626
632
758
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SE O.Net profit after taxes, all industries
mil. $..
Food and kindred products
do
Textile mill products
do
Lumber and wood products (except furniture)
mil. $_.
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining
_
do
Stone, clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $
Machinery (except electrical)
do
Elec machinery, equip and supplies
do
Transportation equipment (except motor
vehicles, etc )
mil $
Motor vehicles and equipment
do
All other manufacturing industries
do
Dividends paid (cash) , all industries
do
Electric utilities, profits after taxes (Federal Reserve)
mil $
Transportation and communications (see pp. S-23
and S-24).
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
mil. $.. 37,122 40, 108 3,050 3,160 4,297
By type of security:
Bonds and notes, total
do
34,030 37, 836 2,887 2,712 3,988
1,729
Corporate
do
1, 324
10, 865
13, 720
1,070
Common stock
do
154
384
2,679
127
1,547
155
Preferred stock.
do
65
412
725
35
' Revised.
1 Includes $28 bil. coverage on U.S. Armed Forces.
2 Estimated; 3excludes
U.S.S.R., other Eastern
European countries,
China Mainland, and North Korea.
Data
4
s
for Nov.-Dec.
Jan.-Mar. quarter.
Beginning with April 1966 SURVEY, data reflect
reclassification of companies between paper and allied products industries and instruments,
etc. (included in all other).
!Revisions for insurance written (total and ordinary) for 1964 and premiums collected for
Jan.-Aug. 1964 will be shown later; those for money supply and related data for 1959-64
2,936
2,354
3,029
2,661
6,340
2, 948
' 3, 021
'3,008
4, 250
3,667
'2,878
' 1, 143
'55
75
3,833
2,065
396
21
3,458
1,383
181
28
6,083 2,789 ' 2, 834
2,814
2,262 2,861 2,537
1,142
861
1,487 ' 1, 152
1,322
1,370
837
72
116
165
'68
78
76
78
119
92
86
44
92
8
15
appear on p. 43 of the June 1966 SURVEY.
§ Or increase in earmarked gold (—).
ITime deposits at all commercial banks other than those due to domestic commercial
banks and the U.S. Govt.
9 Total SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1965
Apr.
Annual
June 1966
May
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
1 273 2 482
'541
1,001
'34
28
344
'249
42
40
304
'163
' 116
296
Mar.
Apr.
May
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
Estimated gross proceeds— Continued
By type of issuer:
Corporate total 9
mil. $
Manufacturing
_ do
Extractive (mining)
_
do_ _
Public utility
do
Railroad
do _
Communication
do_ _
Financial and real estate
do
Noncorporate, total 9
- _do_ _
U S Government
- do
State and municipal
_
_ _ -do
New corporate security issues :
Estimated net proceeds, total
_ _ do_
Proposed uses of proceeds:
New money total
do
Plant and eouipment
do
Working capital
_
do
Retirement of securities
do
Other purposes
do
State and municipal issues (Bond Buyer):
Long-term
_ __ _ _
do
Short-term
do
13, 957
3,046
421
2,760
oqo
2,189
3 856
15 992
5 417
342
2,936
284
947
4 276
1,233
562
75
212
21
18
251
1,773
735
20
275
24
145
373
2,038
484
14
195
16
99
1,045
1,443
454
43
228
27
154
206
930
364
19
305
13
29
134
1.538
435
25
365
26
202
343
986
287
28
169
20
96
284
1,398
424
21
242
11
47
544
1,646
492
64
307
14
60
437
1, 339
'370
21
'399
46
23, 165
10 656
10, 544
24 116
9 348
11. 148
1,817
390
971
1,387
356
1,020
2,260
362
1,000
1,492
388
1,055
1,424
371
718
1,490
342
984
1,675
369
867
4,942
3, 463
1,018
1,302
331
768
1,682
'1,735
345
'845
1,768
457
848
2 075
426
1,181
13, 792
15, 801
1,214
1,746
2,018
1,427
919
1,523
973
1,377
1,632 ' 1, 325 ' 1, 259
2,452
1,570
11, 233
7 003
4,230
754
1,805
13, 063
7 712
5, 352
996
1 741
939
680
260
61
213
1,560
993
566
55
132
1,665
651
1,014
72
281
1,168
735
433
137
122
760
572
188
69
91
1,249
797
452
130
143
834
480
355
49
90
1,183
584
598
52
143
1,279 r 1,T 214 ' 1, 068
699
959
'817
580
'255
'251
136
'22
r 22
217
'88
'169
2,039
1 482
557
7
407
1,421
1 077
344
16
133
10,544
5,423
11, 084
6 537
971
1,046
1,020
652
1,000
489
991
380
718
557
984
543
867
397
1,018
665
768
332
1. 176
355
845
382
848
608
1,144
1,055
489
5,096
1,207
4,066
477
5,154
1,208
4,187
515
5,139
1,297
4,436
491
4,887
1, 233
3, 676
491
4,908
1,192
3,771
539
5,016
1,369
3,609
525
5,096
1,475
3, 552
550
5,232
1,479
3,661
534
5,543
1, 666
3,706
581
5, 576
1,730
3,669
575
5,777
1,765
3,586
645
5,671
1,822
3,603
604
5,862
1,744
3,858
r 142
r
153
475
1,176
1 592
673
14
368
35
77
173
SECURITY MARKETS
Brokers' Balances
(N.Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
Money borrowed
- -
mil $
do
do
do
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (AAA issues):
Composite cf
- - - dol. per $100 bondDomestic municipal (15 bonds) ..
_ _ do
U.S. Treasury bonds, taxablel.
.
do
Sales:
Total, excl. U.S. Government bonds (SEC) :
All registered exchanges:
Market value
mil $
Face value
- _
- - __.
do
New York Stock Exchange:
Market value
--- do
1
*488
534
5, 101 11 5,543
1 169 1 666
i 4, 132 i 3, 706
1
1
95. 1
111. 5
93.9
110. 6
95.0
112.2
94.7
111.9
' 93. 9
110.8
93.9
110.8
93.5
111. 0
92.8
109.3
92.7
108.4
92. 3
107.7
91.1
106.3
90.5
106.9
89.5
105.2
87.9
87.6
103.9 ' 105. 9
87.6
104.5
84. 46
83.76
84. 53
84.58
84.57
84. 51
84.00
83. 27
82.97
82.22
81. 21
81.15
79. 32
78.92
79.75
79. 56
2 882. 48 3 794.22
2, 640. 74 3. 288. 68
261. 23
257. 53
240. 82
220. 36
303.79
278.99
265. 58
248.19
294.76
256. 23
398.73 424. 51
332. 00 345. 52
373. 10
296. 25
490.17
368. 03
359. 80
287. 99
383. 38
296. 12
485. 14
373. 14
423. 27
334.44
2,782.80 3,643.11 251. 67 230. 16 287.04 253. 01 282. 80 389. 95 414. 32 361. 09 469.00 348. 47 371. 60 466. 96 402. 67
2, 542. 26 3 150.16 248. 48 210. 27 262. 56 235. 86 245. 19 323. 26 336. 49 285. 05 350. 45 278. 54 285. 18 358. 35 318. 91
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $__ 2, 524. 50 2. 975. 21 214. 56 207. 90 271. 92 191. 64 244. 98 307. 79 290. 84 272. 00 302. 78 252.64 250. 95 331. 66 253. 71 285. 53
Yields:
5.18
4.64
4.69
4.75
4.72
4.84
5.10
4.65
4.89
4.56
4.60
4.94
4.57
5.16
4.64
4.57
Domestic corporate (Moody 's)
percent. _
By rating:
4.52
4.98
4.48
4.49
4.92
4.56
4.60
4.68
4.74
4.43
4.44
4.46
4.78
4.96
4.49
4.40
Aaa
do
4.80
5.10
4.56
4.63
4.69
4.83
5.05
4.52
4.59
4.66
4.48
4.90
4.57
4.49
5.10
4.49
Aa
- --do_ __
4.62
4.69
5.17
4.65
4.71
4.85
5.12
4.54
4.75
4.91
4.58
4.96
4.55
5.18
4.63
4.57
A
__- _
do
5.48
4.88
4.91
5.02
5.32
4.88
4.93
4.95
5.06
5.12
5.41
4.87
4.80
4.81
4.85
4.83
Baa
- do
By group:
5.12
4.71
4.62
4.65
4.79
4.84
5.06
4.63
4.67
4.54
5.09
4.59
4.91
4.55
4.52
4.61
Industrials
_
_ _ _ _ _ _ do_ _
4.64
5.23
4.71
4.82
4.58
4.60
4.67
4.85
5.08
5.21
4.56
4.90
4.51
4.53
4.60
4.53
Public utilities
_.
do___
5.20
4.77
4.73
4.81
4.83
4.91
4.97
5.02
5.18
4.64
4.71
4.72
4.64
4.66
5.19
4.67
Railroads
_ _ _ _ do
Domestic municipal:
3.41
3.54
3.54
3.25
3.29
3.40
3.50
3.59
3.62
3.30
3.83
3.15
3.28
3.20
3.20
Bond Buyer (20 bonds)
do
3.36
3.42
3.47
3.52
3.72
3.68
3.26
3.56
3.25
3.26
3.63
3.59
3.27
3.17
3.19
3.22
Standard & Poor's Corp. (15 bonds)
-do
U.S. Treasury bonds, taxable©
4.15
4.21
4.15
4.14
4.14
4.15
4.19
4.25
4.27
4.34
4.43
4.43
4. 61
4.63
4.55
4.57
17, 682
19, 488
1,244
487
2,864
1,279
507
2,735
1,333
537
3,881
1,561
756
2,870
1,385
526
do
do_ _
do
2,805
9,298
601
3,154
10, 317
637
267
392
18
106
180
3
251
1,951
121
271
400
19
115
189
1
305
1,763
122
277
431
21
141
199
4
572
2,504
187
428
460
23
326
193
4
293
1, 880
124
280
438
21
111
197
3
_do_ _
do
do
do_ _
do
1,573
2,035
422
^680
268
1,678
2,174
446
768
314
292
153
26
74
22
2
150
6
28
12
115
242
71
74
39
312
152
21
81
23
2
150
9
29
12
114
245
70
76
40
316
153
25
84
26
2
146
7
26
12
118
252
113
81
54
343
156
19
107
25
3
159
9
48
14
121
258
74
73
47
349
160
27
84
26
3
160
6
29
17
7.05
7.70
3.43
3.81
4.57
6.00
7.65
8.48
3.86
4.09
4.90
6.33
7.48
8.25
3.80
4.03
4.92
6.25
7.54
8.38
3.80
4.00
4.92
6.31
7.55
8.38
3.83
4.04
4.92
6.31
7.57
8.41
3.84
4.04
4.92
6.31
7.59
8.42
3.88
4.07
4.92
6.31
7.63
8.47
3.90
4.08
4.92
6.31
7.78
8.67
3.96
4.16
4.92
6.31
8.12
9.03
3.99
4.28
4.93
6.57
8.15
9.06
4.02
4.34
4.94
6.59
8.18
9.10
4.03
4.35
4.94
6.59
8.22
9.16
4.03
4.35
4.94
6.59
8.23
9.17
4.08
4.35
4.94
6.65
8.23
9.18
4.08
4.35
4.94
6.65
8.24
9.18
4.09
4.35
4.94
6.65
do
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. $_ _
Finance
Manufacturing _
_ _ _ _
Mining
Public utilities:
Communications
Electric and gas
Railroads
_
Trade
_ _ _ - _- __
Miscellaneous
Dividend rates and prices, common stocks
(Moody 's):
Dividends per share, annual rate, composite
dollars __
Industrials
_
do_ _
Public utilities
do
Railroads
do
N.Y. banks
do
Fire insurance companies
_
.do
235. 08
250.31 253. 28 249. 78 238. 93
Price per share, end of mo. , composite
do
258. 55
284. 32 287. 13 282. 16 269. 18
Industrials
_ _ _ _ _ _
_do
108. 76
117. 08 119. 57 118. 21 114. 22
Public utilities
do
94.01
95.06 94.11 90.22 86.23
Railroads
do
l
' Revised.
End of year.
9 Includes data not shown separately,
cf Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
242. 16 246. 50 254. 52 260. 91 255. 62 258.09
273. 38 279. 07 290. 30 301. 00 296. 07 299. 67
114.76 115. 46 116. 95 118.38 115. 84 114.86
90.93 94.36 95.11 99.69 102. 30 103. 46
T Prices are derived from average yields on basis
O For bonds due or callable in 10 years or more.
257. 90 252. 36 244. 95 246. 67 236. 01
300. 28 293. 20 286. 15 288. 12 274. 18
111. 34 106. 81 105. 4] 106. 32 102. 45
93.56
109. 88 110. 59 102. 01 102. 66
of an assumed 3 percent 20-year bond.
June 1966
S-21
SURVEY OF CURRENT BUSINESS
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
May
Apr.
Annual
1966
1965
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields and earnings, common stocks
(Moody 's):
Yields, composite
_ .percent. _
Industrials
do
Public utilities
do
Railroads
.
do
N.Y. banks
do
Fire insurance companies
do
3.34
3 19
3. 84
4.24
4 03
2.82
3.49
3.35
3.99
4.65
3.95
2.97
4.83
4. 78
4.83
42
15
87
99
331. 16
926. 43
141. 49
252.80
337. 27
943. 70
140. 26
260.64
314. 62
890. 70
137. 32
233.07
93. 32
92,69
88. 88
91. 60
86.78
99.56
93.35
84. 28
74.50
53.68
99. 11
93 69
83.48
71.87
54.78
95.04
90. 28
78. 96
69. 21
51.52
98.17
93.54
79.28
70.06
52. 33
92.85
88.78
75. 12
68.49
47.00
37. 71
70.27
66.13
37. 24
70.93
67.86
36.10
70. 51
66.98
34. 11
65.19
63.28
33.67
64.17
65.27
32.32
61.22
63.33
11, 683
11, 022
11, 169
12,978
12,909
302
337
357
6, 879
9,200
163
231
8,651
8,789
164
147
191
532. 83
9,984
530. 77
10,013
537.48
10, 058
3.17
3 03
3. 62
3.96
3 55
2.70
3.00
2 98
3 15
4.05
2 97
2.50
3.06
2 98
3 30
4.30
Earnings per share (indust., qtrly. at arm. rate;
pub. util. and RR., for 12 mo. ending each qtr.) :
Industrials _ _ _
_
dollars
Public utilities
do
Railroads
do
14 39
5.41
6.97
16 50
5 92
8.16
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
percent. .
4.32
4.33
4.28
4.30
4.38
4.38
4.34
4.32
4.38
294. 23
834 05
146 02
204. 36
318. 50
910. 88
157. 88
216. 41
317. 55
907 71
162 25
212 19
319. 93
927 50
161 35
209 18
302. 72
878 06
154 93
195. 79
303. 66
873 43
155 71
199. 51
312. 37
887 70
155 44
214. 21
321.61
922 18
157. 51
218. 86
330. 89
944 77
157. 19
231. 09
335. 45
953 31
157. 11
238. 11
337. 09
955 19
152. 00
245.33
346.95
985. 93
151.26
255. 52
81.37
88.17
87.97
89.28
85.04
84.91
86.49
89.38
91. 39
92. 15
91.73
86.19
76.34
73.84
69.91
45. 46
93.48
85.26
81.94
76.08
46. 78
93.08
84.85
83 78
77.24
46.63
94.69
86.35
85 21
77.50
45.53
90.19
81.62
80.04
74.19
42.52
89.92
80.54
78.80
74.63
43.31
91.68
83.25
80.23
74. 71
46.13
94.93
86.91
82.34
76.10
46.96
97.20
90.28
83.90
76.69
48.46
98.02
91.62
83. 75
76.72
50.23
97.66
91.42
83. 31
75.39
51.03
39.64
77.54
67.20
38.92
71.35
64.17
40.00
71.81
69.49
38.91
71.23
67. 67
37.17
68.47
62.54
38.18
70.22
60. 95
38.96
70.98
60.75
40.43
72.74
60. 79
39.68
71.68
58.58
37.19
69.26
59. 56
72,147
2,045
89, 225
2,587
6 696
6 580
6 911
5 656
5,952
7,993
9,664
8, 603
187
154
163
222
279
262
60 424
1 482
73, 200
1 809
5 508
5 366
5 819
4 937
6,662
7,857
133
136
4 783
136
116
120
165
199
1, 237
1,556
119
110
128
85
109
155
474. 32
9, 229
537. 48
10, 058
506. 58
9,516
503. 54
9,647
478.83
9,785
487. 85
9,829
500. 62
9,863
517. 67
9,931
Prices:
Dow-Jones averages (65 stocks)
.
Industrial (30 stocks)
Public utility (15 stocks)
Railroad (20 stocks)
_. ___ .
Standard & Poor's Corporation :cf
Industrial, public utility , and railroad:
Combined index (500 stocks)... ..1941-43=10..
Industrial, total (425 stocks) 9
...do
Capital goods (122 stocks)
_ _ do
Consumers' goods (188 stocks)
do
Public utility (50 stocks)
. _ do_ _ _ .
Railroad (25 stocks).....
do..._
Banks:
New York City (10 stocks)
do.__.
Outside New York City (16 stocks) _ do
Fire and casualty insurance (22 stocks)___do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value.
_ _ _
mil. $
Shares sold
_._
millions
On New York Stock Exchange:
Market value . .
mil $
Shares sold (cleared or settled)
millions
Exclusive of odd-lot and stopped stock sales
(N.Y.S.E.; sales effected)
millions..
Shares listed, N.Y. Stock Exch., end of period:
Market value, all listed shares
___bil. $..
Number of shares listed
__ _ _ .
millions
o oo
2.74
2.95
2 87
3 18
4 28
3 24
2.51
3.02
2 97
3 21
4.43
3 39
2.70
3.16
3 11
3 35
4.69
3 51
2.84
3.13
3 08
3 35
4.44
3 38
2.86
3. 08
3 02
3 36
4.31
3 25
2.90
17.21
5.68
6.91
199
198
3.00
2 92
3 33
4.29
3 17
2.94
2.98
2 88
3 35
4. 17
3 43
2.96
3. 18
3 05
3 44
4.18
3 51
2.94
14. 60
5.82
7.22
3.16
3 02
3 50
4.19
3 51
2.63
3.26
3 12
3 77
3 93
3 78
2.79
17.10
6.03
8.56
18 26
5 92
8.16
4.41
4.47
345
3.36
3 20
3 87
4.26
3 81
2.95
4.51
304
4.63
347
977
145
264
10,359
224
9,893
198
183
166
192
186
171
542. 75
10, 136
535. 38
10, 180
523. 93
10,245
536. 36
10,276
507.77
10,507
206
221
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse ) , incl reexports totalQ
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:A
Africa
Asia _ _ _ _ _ _
Australia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
Asia; Australia and Oceania:
Australia including New Guinea
India
_
Pakistan
Malaysia
Indonesia
Philippines
Japan
Europe:
France
East Germany
West Germany
Italy
Union of Soviet Socialist Republics
TTnitoirl TT-inorrlnTn
r
mil $
do
26,488.8 27, 346. 2 2,611.5
25,670.6 26, 567. 1 2,528.3
2,427.9
2,381.0
2,335.6 2, 244. 8 2, 188. 3
2,218.9 2, 172. 1 2, 123. 5
2,163.0 2, 444. 0 2, 505. 4 2, 606. 5 12,132.5 2, 297. 5 2,817.9 2, 6QO. 5
2,140.2 2, 419. 5 2, 440. 4 2, 550. 5 12,132.5 2,210.3 2, 747. 0 2,464.7
2,379.6
2,260.2
2,230.2 2,255.5 2,332.9
2,324.1 2, 341. 6 2,408.2 2,355.8 2, 248. 6 2,334.8 2, 594. 4 2, 331. 2
do
do
do
do
do
1,222.5
5,233.7
750. 1
8,326.7
1, 224. 1
5, 495. 8
850.7
8, 851. 6
131. 1
559.6
82.3
885. 1
120.4
466.7
76.7
806.3
120.2
459.0
70.2
675.9
82.1
485.0
69.4
732.9
111.9
422.1
104.9
670.4
129. 2
401.1
78.9
666.7
105.6
458.8
67.1
806.0
84.5
480.3
66.3
857.6
91.0
525.9
60.2
880.4
85.9
400.6
56.9
765.2
86.2
447.2
60. 2
790.3
132.0
533.6
70.2
993.5
114. 4
495.6
60.0
820.4
do
do
do
4, 746. 7
2, 044. 8
2, 129. 7
5, 587. 1
2, 094. 6
2, 141. 7
456.8
190.1
210.2
517.7
175.6
192.3
531. 2
179.0
168.9
451.1
171. 0
164.7
440.1
170.9
172.2
458.5
172.8
191.9
532.5
188.6
210. 6
528.3
193.0
197.4
524.8
190.4
227.8
434.1
170.3
178.1
457.4
161.3
177.2
567. 1
212.0
217.8
564.6
176. 7
196.0
do
___do
268. 2
396.1
157.6
437.8
21.9
43.9
9.0
46.6
11.7
42.0
10.4
29.5
23.6
41.9
17.8
50.0
11. 9
35.7
6.4
27.7
6.1
21.2
5.8
30.6
12.0
23.2
22.8
41.4
18.6
33.3
do
do
do
do
639.6
955.0
375.7
77.0
700.7
928.0
335.9
89.5
70.2
93.3
42.8
9.1
65. 2
81.0
41.9
8.1
58.2
92.2
28.9
7.6
58.6
97.3
26.9
8.1
78.1
75.2
31.3
7.5
60.9
72.9
14.0
7.1
52.3
73.3
22.9
7.4
56.3
53.3
25.5
8.1
50.1
63.0
42.3
8.0
46.3
62.3
17.3
3.0
49.9
88.4
15.8
3.7
58.8
116.9
13. 2
4. 1
51.0
97.9
11.7
4.1
do
do
do
68.1
361.5
1,912.6
41.5
336.3
2, 057. 5
4.4
34.0
189.5
5.4
32.0
152.5
3.3
27.7
152.3
4.3
28.4
195.4
2.1
24.7
156.7
4.3
34.5
145.6
2.7
32.0
169. 9
2.7
25.4
196.6
3.8
26.1
202.6
2.3
24.1
157. 9
2.9
23.9
174.6
2.5
27.5
194.3
3.1
29.6
196.0
do
do
do
805.9
20.2
1, 315. 2
901.8
12.6
1, 501. 8
84.8
.5
152.5
87.6
2.1
127. 7
71.5
.8
113.0
69.2
.1
121.2
72. 7
.6
120. 1
61.8
.5
114.1
78.9
1.2
147.0
86.1
.9
159. 7
88.0
3.4
129.6
83.3
3.7
131.5
84.0
1.6
121.2
98.7
1.4
166.1
82.6
4.2
143.9
833.4
144.6
864.4
44.4
1 Kfi4 8
59.5
1.5
144 8
86.5
3.1
143. ft
81.7
3.1
155. fi
85.1
4.3
164.1
71.8
2.6
140. 0
67.9
4.2
138.1
88.5
2.9
175.6
81.3
4.8
140.9
do
do
Af\
1 471 4.
95.2
7.4
74.8
8.8
139 9
Revised.
v Preliminary.
1 See note 2 for p. S-22.
cfNumber of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
O Beginning Jan. 1965, data reflect adoption of revised export schedule; in some instances,
63. 6
3.1
118 7
67.5
2.0
60.7
3.1
198 5
117 K
19fi 3
because of regrouping of commodities and release of some "special category" items from the
restricted list, data for commodities and countries are not comparable with those for earlier
periods.
A Excludes "special category" shipments.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1966
1965
Apr.
Annual
June 1966
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar. 1 Apr.
1
May
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America:
Canada
- mil. $ _ 4, 774. 5
5, 586. 7 r 456. 0
517.6
531.2
451.1
440.1
458.5
532. 5
528.3
524.8
434.1
457.4
567.0
564. 5
do
3,737.9
3,750.6
352.1
327.6
307. 6
297.6
304.1
327.3
354.5
344.8
375.8
310.4
303.4
379.6
331.0
' do
do
_-_do
261.6
387.8
180.9
266.0
328.6
235.3
2&7
26.9
22.3
23.2
27.5
21.0
19.4
20.2
15.8
22.0
18.8
18.0
25.9
24.7
17.4
18.4
32.0
31.1
25.5
39.9
21.3
22.7
35.9
23.2
22.8
52.1
26.3
16.8
39.5
20.8
16.7
31.5
22.3
18.7
53.6
20.7
15.0
46.0
19.4
246.2
_ _do _ _
do _ _ _
C1)
1, 092. 4
do
606.3
- do_ __
196.4
0)
1, 105. 2
623. 7
20.0
0)
92.9
63.8
21.4
0
92.7
54.6
13.8
0
95.2
55.8
12.8
0
92.5
52.2
13.4
0
88.9
52.8
15.5
0)
93.1
49.9
17.2
0
98.0
58.3
18.3
0
99.2
54.0
23.9
0
99.0
56.9
18.0
0)
93.5
45.0
21.9
0)
86.9
44.6
25.2
C1)
108.6
51.7
23.3
0
88.2
49. 6
Latin American Republics, total 9
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
--_ _ _ _ _
Exports of TJ S merchandise total Ot
Excl military grant-aid J
_ _
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures cf
Finished manufactures c?1
Excl military grant-aid
By principal commodities:
Agricultural products total 9
Animal and vegetable oils and fats
Cotton unmanufactured
Fruits vegetables, and preparations
Grains and preparations
Meat and meat preparations
Tobacco and Tp?vnnfaotu''p,s /\
N onagri cultural products, total 9 -
clo
do__
6, 136. 4 27, 003. 3 2,584.3 2, 397. 4 2, 307. 4 2, 212. 1 2,161.0 2, 133. 2 2, 411. 9 2, 472. 2 2, 576. 0 22,105.3 2, 264. 0 2, 778. 4 2,557.9
5, 318. 2 26, 224. 5 2, 501. 1 2,350.5 2, 190. 7 2,139.4 2,096. 2 2, 110. 4 2, 387. 4 2,407.2 2, 520. 0 22,105.3 2, 176. 8 2, 707. 5 2, 422. 1
do
do
do
do
do
do
2, 897. 5
2, 540. 2
1 687 4
4, 067. 2
4, 893. 8
4, 076. 1
do
6, 347. 0
do
do
do
do
do
do
429 4
690.2
434.7
2, 579. 8
181.3
544.5
do
do
do
do
do
1, 720. 8
2, 326. 2
504 7
895.7
Machinery total § 9
do
6 344 8
Petroleum and products
Textiles and manufactures
General imports total J
Seasonally adjusted J
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
do
do
530.9
459.3
484.7
587.0
652.2
647.5
505.7
1,928.5 1, 599. 6
518.6
624.8
552. 3
1,745.4 2,153.6 2, 005. 6
18, 684. 0 21,366.4 1,856.8 1,723.3 1, 907. 0 1, 632. 9 1, 716. 0 1, 797. 6 1,997.1 1, 966. 7 2, 159. 9 1, 828. 7 1, 822. 5 2, 245. 7 2, 071. 2
1,832.9 1,789.0 1, 829. 5 1,663.1 1, 763. 6 1,806.8 2,005.9 1,903.3 2,034.6 1, 935. 5 1, 992. 9 2, 072. 7 2, 138. 2
66.2
875.1
4, 528. 4 ' 403. 0
453.5 r 30.7
6, 293. 0 575. 0
75.3
339.9
38.0
542.3
82.0
410.9
30.8
537.6
50.9
345.6
41.7
505.7
68.4
394.7
36.7
486.8
89.1
423.4
47.4
489.9
87.9
411.0
55.5
621.1
81.1
412.4
35.2
592.3
90.0
446.6
37.7
661.5
70.9
373.8
37.8
556.5
72.2
375. 6
43.3
534.1
119. 0
438.0
41.7
689.8
88.5
434.6
48.6
637.7
4, 241. 6 4, 837. 1 ' 377. 0
1, 639. 3 1, 741. 1 ' 162. 0
2, 508,5 2, 626. 2 ' 242. 8
398.6
145.4
183.0
441.7
158.3
245.1
400.5
114.5
173.2
408.3
123.1
198.9
414.7
118.2
214.1
416.4
136.4
268.4
448.9
151.9
243.2
470. 1
178.0
274.7
403.1
161.3
225.2
417.0
153.9
225. 4
520.7
182.8
252.7
472.8
170.0
218.8
1.3
19.3
1.4
17.4
1.0
18.8
2.6
8.2
.6
15.3
.5
27.6
.6
16.3
.5
26.3
1.2
25.6
2.8
16.5
1.0
14.1
1.9
31.3
3. 6
17.4
19.0
37.5
20.1
33.1
4.1
17.3
15.7
27.1
220.0
25.9
23.7
4.0
16.7
10.2
25.6
194.5
25.1
28.0
4.2
13.6
10.8
35.3
231. 0
35.1
31.8
3.6
24.5
14.7
33.5
224.1
43.0
27.0
3.3
18.6
16.2
31.2
227.8
23.2
27.3
2.6
18.5
13.8
28. 5
231.3
28.7
33.8
5.3
26.9
15.7
39.9
221. 9
26.2
28.9
6.3
8.3
12.5
29.2
200.8
31.6
25.4
5.5
18.7
12.6
32.5
190.0
24.3
26.0
6.5
10.4
16.3
40.6
250.1
27.3
29.0
5.7
17.1
18.8
34.6
245.4
63.5
.3
117.6
54.8
2.6
112.7
55.1
.2
110.6
49.1
3.3
118.4
53.3
.3
91.2
56.1
2.4
112.1
41,7
1.4
110.4
53.1
1.9
111.8
54.7
.3
135.7
58.5
8.2
148.2
54.3
.4
133.1
58.8
3.5
137.1
61.5
1.2
131.9
67.9
5.7
165.3
47.6
.5
130,1
49.3
1.9
124.5
50.4
.4
119.7
51.6
4.8
106.0
63.8
.8
156.8
58.5
3.4
151.7
53.3
.5
131.8
56.1
3.7
138.0
4, 831. 9 ' 376. 8 398.3
441.5
399.4
407.6
413.5
416.0
448.6
469.7
402.5
416.9
519.9
472.8
3, 676. 6 r 340. 9
274.3
344.2
238.6
270.4
276.2
348. 5
342. 4
380.5
323.8
328.7
369.1
326.3
10.3
36.4
13.8
11.1
38.9
22.3
8.9
27.8
9.9
10.4
36.1
11.9
11.8
54.3
18.9
11.3
65.6
24.9
10.4
62.9
23.1
10.8
63.0
11.5
11.3
48.5
19.4
9.3
48.1
17.2
12.9
42.9
22.2
14.4
44.9
16.2
16.2
249.5
16.1
225.1
281.1
304. 5
40.0
161.1
169.7
387.2
1, 768. 0
314.1
348. 0
44.8
211.9
165.3
369.1
2,414.1
23.5
16.6
36.7
204.9
24.5
24.3
3.2
16.7
12.2
29.5
177.3
615.3
495.0
6.5
6.7
1, 171. 1 1,341.6
619.7
526.2
42.6
20.2
1, 143. 2 1,405.3
55.6
.6
130.7
52.6
2.5
r
109. 5
54.2
.6
110.3
49.7
2.2
115.5
4,238.5
Latin American Republics, total 9 _ _ _ _ _ d o — _ _ 3, 523. 7
do
do
do
111.3
534. 7
218.2
122. 1
511.9
209.4
r5.3
11.1
37.2
30.3
25.2
Colombia
do
280.4
276.7
24.2
-20.7
Cuba
do
0
0
0
0)
0)
Mexico
do
637.9
57.2
61.9
643.1
61.1
Venezuela
_
__ _do _ _
956.4 1, 020. 6 "•94.6
101.9
66.3
r
1
Revised.
? Preliminary.
Less than $50,000.
2 Military grant-aid shipments for
Dec. 1965 (ordinarily included with Jan. 1966 data) are included in Feb. 1966 data; subsequent
months will include these shipments on a 2-months delayed basis.
^Revisions for Jan.Nov. 1964 will be shown later.
9 Includes data not shown separately.
QSee similar
548.1
471.4
804.9
916.5
_- do
do
3, 619. 5
do
439.7
-do _ _ 5,307.3
Northern North America
do
Southern North America
do
South America
_
do
By leading countries:
Africa:
United Arab Republic (Egypt)
do
Republic of South Africa
do
Asia; Australia and Oceania:
Australia, including New Guinea
do
India
do
Pakistan
do
Malaysia
do
Indonesia
do
Philippines
do
Japan
do
Europe:
France
do
East Germany
do
West Germany
do
Italy
do
Union of Soviet Socialist Republics _ _ _ _ d o
United Kingdom.
__ _ _ _ _ do
North and South America:
Canada
do
Argentina
Brazil
Chile
532.9
229.0
_do_
do
547.3
1, 540. 2
do
. __do _ _
520.6
2 991. 7
do
do
do
__
553.9
19, 739. 0 20,777.0 2, 031. 3 1, 864. 8 1, 776. 7 1, 664. 1 1, 701. 7 1, 649. 2 1, 824. 9 1, 820. 0
Automobiles, parts, and accessories
Chemicals and related products §
Coal and related fuels
Iron and steel prod (excl. adv. mfs.)
Agricultural
_- -_Tractors parts and accessories
Electrical
Metalworking§
_
Other industrial
6,228.9
18.8
24.1
27.0
22.8
31.4
31.6
20.7
27.8
20.9
22.6
0
0
0
0
0
0
0
0
0
C1)
39.3
39.2
63.7
65.5
41.8
47.3
65.2
73.1
70.1
62.9
77.5
70.3
71.1
68.9
84.5
110.1
82.2
81.7
111.6
84.6
note on p. S-21.
d"Data for semimanufactures reported as "special category" are included
with finished manufactures.
AManufactures of tobacco are included in the nonagricultural
products total. §Excludes some "special category" exports.
SURVEY OF CUREENT BUSINESS
June 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1 1965
1966
1965
Apr.
Annual
S-23
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Imports for consumption total
By economic classes:
Crude materials
i
Crude foodstuffs
Manufactured foodstuffs and beverages
Sem imanufactures
Finished manufactures
By principal commodities:
Agricultural products total 9
mil. $
18,600.3 21, 281. 8
do_
do
_do_ _
do
do_
3, 444. 1
2, 034. 0
1, 812. 0
3, 988. 3
7, 321. 5
1,822.5
1,718.8 1, 878. 0
1,635.4
1,727.1 1,795. 0 2,003.9 1, 952. 9 2, 129. 8 1 800 8 1,806 2 2 231 7 2 010 8
do
4, 104. 6
4, 092. 2
369.0
338.8
345.2
262.3
319.0
354.1
411.2
399.0
428.6
353 3
371. 6
431 2
390 4
Cocoa (cacao) beans, incl. shells
do
Coffee
do
Rubber, crude (incl. latex and gtiayule) _do
Sugar (cane or beet)
do
Wool and mohair unmanufactured
do
130.9
1, 200. 3
200.6
458.4
205 3
120.5
1, 060. 2
182.3
444.7
235.1
9.2
83.7
24.0
38.6
27. 4
13.8
77.3
13.3
47.3
17.6
13.2
89.7
16.9
42.5
18.6
8.6
59.4
12.8
22.3
16. 9
11.3
77.8
11.2
42.7
19.1
14.5
83.6
15.3
48.8
20.1
8.9
128.7
17.4
50.8
17.9
7.6
125.9
17.2
41.0
18.4
7.4
113.5
17.2
51.7
17.5
13 4
93 o
9.4
16 7
23 7
18.0
102.5
18.3
28.8
21.1
15 4
118 2
15.2
36 3
27 9
10.1
97 1
Nonagricultural products, total 9
do_
Furs and manufactures
_ do
Iron and steel prod. (excl. adv. mfs.) .do
Nonferrous ores, metals, etc.:
Bauxite, crude
do _
Aluminum semimfs (incl. calcined bauxite)
mil. $__
Copper, crude and semimfs
do
Tin including ore
do
Paper base stocks
Newsprint
Petroleum and products
:
-
do
do
do
18.7
37.8
29 2
14, 495. 3 17, 195. 3 1, 451. 7 1, 380. 8 1,532.8 1, 370. 6 1, 409. 8 1, 440. 8 1, 592. 7 1, 553. 9 1, 701. 3 1 447 5 1, 434. 6 1 800 5 1, 620. 4
7.6
116.6
819.9
128.8
16.0
11.2
8.9
125.8
143.0
10.8
11.6
10.9
13.7
7.1
6.5
6.5
13.7
11.1
11.4
24.4
27.9
9.2
20.3
25.4
16.5
23.9
35.4
13.1
20.2
14 7
12.7
12.4
12 4
9.3
13 6
11 4
22.6
24.3
18.1
29.1
26.8
34 2
15.5
16 0
14 6
27.0
18.1
63
32 5
25 7
74
29.7
23 7
16 8
31 5
68 7
99 6
33.5
63.6
178.2
42 1
75 6
215 4
35.0
71 0
157.6
v 156
* 156
p 100
*156
v 156
MOO
J> 190
P 192
p 101
4.9
199.0
340.2
111 7
270.5
302.2
168.6
21.3
23.4
10.9
24.4
22.1
13.0
32.6
26.6
12.7
25.1
23.0
10.5
405. 5
752.5
1, 872. 4
451.7
789.6
2, 063. 3
35.8
62.7
186.7
34.4
64.9
144.3
39.8
72.4
192.2
34.9
64.4
147.4
37.4
65.1
159.4
36.4
70.5
164.0
36.3
67.6
172. 0
41.2
67.2
150.1
37.7
78.5
200. 2
143
146
102
144
152
r!06
164
174
106
155
••163
'106
143
152
106
141
149
'106
137
146
106
'139
147
105
158
166
105
159
167
105
'167
175
105
135
133
99
U53
i 152
199
'162
158
98
149
147
99
165
163
99
140
139
99
148
146
99
154
153
99
171
170
100
168
168
100
184
184
100
15.7
20 3
11 7
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Quantity
- - .1957-59=100
Value
do
Unit value
do
Imports for consumption, d*
Quantity
•
do
Value
do
Unit value
- .
do_ _
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):!
Shipping weight
Value
General imports:
Shipping weight
Value
Airborne trade:
Exports (incl. reexports) :
Shipping weight
Value
General imports:
Shipping weight
Value
thoins. sh. tons__ 171, 055 171, 810 15,068 15, 598 15, 753 16,340 15, 675 14,997 17, 279 16 304 14 733 12 423
17,003.6 16 927 1 1, 712. 1 1, 558. 0 1,411.6 1, 447. 8 1, 342. 5 1, 346. 0 L 562 9 1 527 4 1 617 3 1 340 0
mil. $
thous. sh. tons__ 233, 808 255, 454 21, 783 19,906 25, 552 20, 532 22, 078 21, 222 ••22,304 20,381 24,222 19 010
_ _ - _ mil. $ 13,437.0 14 934 6 1, 373. 9 1, 207. 2 1, 368. 0 1,123.7 1, 224. 8 1,295.3 '1 412 3 1 351 6 1 474 4 1 264 0
thous. sh. tons
mil. $_
thous. sh, tons
. _ _ _ mil. $
163.3
1, 884. 6
228 7
2, 289. 4
19.0
189.1
19.1
193.7
17.7
182. 5
17.5
180.3
18.2
189.6
17.9
173.1
19 2
202.0
22.6
234.4
21 2
231 9
18 9
221 1
20 0
220 5
22 9
226 4
64.3
956.1
96 1
1, 315. 9
6.9
98.4
6.2
100.3
9.2
103. 9
7.5
104.9
6.8
95.1
8.1
94.0
83
144.8
8.7
123.9
11 7
154 7
82
112 0
7 3
118 2
9 4
150 8
84 9
75 9
19 8
63
4.4
78.0
79 4
20.2
58
4.0
87 9
96 3
24 2
69
4*7
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total) :
832
• Operating revenues total 9
mil. $
2 831
3 306
826
2,805
Transport, total 9
_ _ _ _ _
do
3, 278
744
Passenger
do
2,527
2,933
53
Property
_ _ _ _ _ _
do
187
218
U.S. mail (excl. subsidy)
do
65
74
18
Operating expenses (incl. depreciation) do
2,531
2,886
708
223
Net income (after taxes)
do
136
65
Operating results:
Miles flown (revenue)
mil
822 1
75 5
940.9
78 0
78 3
74 s
Express and freight ton-miles flown do
726 9
921 6
70 0
74 5
Mail ton-miles
flown
do
219.6
17 6
16 6
16 9
184 7
Passengers originated (revenue)
do
71 4
59
63
61 9
58
Passenger-miles flown (revenue)
_ bil
49.2
41.9
4.0
3.9
4.5
Express Operations (qtrly.)
Transportation revenues
__mil. $__
431. 4
412.4
103.7
119.3
Express privilege payments
do
28 2
118 2
Local Transit Lines
22 0
99 1
Fares average cash rate
cents
21 2
21 9
21 9
r 594
Passengers carried (revenue)
mil
564
577
6 854 r 6 785
Operating revenues (qtrly total)
mil $
367
1 408 P 1 427
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total) :
Number of reporting carriers
2 1 018
Operating revenues total
mil $
6 176
Expenses, total
do
5 890
Freight carried (revenue)
_
mil. tons__
366
r
J
Revised.
*> Preliminary.
See note "d1" for this page.
2 Number of carriers filing
complete
reports for 1964. 3 AS compiled by Air Transport Assn. of America.
4
Reflects New York City 13-day transit strike.
9 Includes data not shown separately.
885
878
788
55
17
739
79
82 1
73 0
16 5
63
4.6
83 6
77 6
17 2
68
4.9
79.7
86 7
17.7
61
4.2
854
846
747
61
22
762
49
83 0
95 0
19 4
6 3
4.2
78 8
85 2
19 9
59
3.8
106.7
31 1
22 2
520
22 2
516
22 2
559
84
99
29
6
4
5
9
4
3
5
22 3
574
22 3
605
p 3 4. 8
103.9
25.6
119. 1
32 5
22 2
591
P 3 5. 1
22 3
<479
22 3
528
22 3
607
22 3
579
cT Beginning Jan. 1965, indexes are based on general imports, instead of imports for consumption as formerly.
§Excludes "special category" shipments and all commodities exported under foreign-aid
programs as Department of Defense controlled cargo.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
Annual
June 1966
1965
Apr.
May
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity)— Continued
Freight carried, volume indexes, class I and II
(ATA):
Common and contract, carriers of property
(qtrly )
average same period, 1957-59 ~~ 100
Common carriers of general freight, seas, adj.*
1957-59=100Carriers of passengers, class I (qtrly.) :§
Number of reporting carriers
_
Operating revenues total
mil. $
Expenses, total
do
Passengers carried (revenue) __
... _mil
Class I Railroads
Freight carloadings (AAR):
Total cars
___
_ -thous _
Coal...
____do
Coke
do
Forest products ' __
_ _ _ do
Grain and grain products.
do
137.6
150.9
131.9
144.3
142.1
1158
656. 5
570.9
506.9
29,027
5,530
423
1, 960
2,625
153
Livestock .
'_._ _ ____do_ __
2, 005
Ore
do
639
Merchandise, l.c.l
do__ _
15,693
Miscellaneous
do__
Freight carloadings, seas. adj. indexes (Fed. R.) :
Total
1957-59=100
96
95
Coal
do
113
Coke...
___. _
_- do
100
Forest products
do
96
Grain and grain products
___do____
Livestock
do _
49
97
Ore .
__
•-_
- ____do
27
Merchandise, l.c.l
do__ _
98
Miscellaneous
do
Financial operations (qtrly.) :
Operating revenues total 9
mil- $
9,778
8,384
'Freight
do
Passenger
do
576
Operating expenses
do
Tax accruals and rents
do
813
Net railway operating income
do
Net income (after taxes)
do
698
Operating results:
Ton-miles of freight (net), revenue and nonrev670.3
enue (qtrly )
bil
659.3
Revenue ton -miles*
do
1.282
Revenue per ton-mile (qtrly. avg.)_
cents__
Passengers (revenue) carried 1 mile (qtrly.) ._mil__ 18,248
Waterway Traffic
Clearances, vessels in foreign trade:
202. 2
Total U S ports
mil net tons
166.9
Foreign vessels
do
35.3
United States vessels
do
Panama Canal:
74,210
Total
thous. Ig. tons
10,750
In United States vessels
do..
Travel
Hotels:
9.53
Average sale per occupied room
dollars
61
Rooms occupied
% of total
111
Restaurant sales index__.same mo. 1951=100__
Foreign travel:
2,913
U S citizens' Arrivals
thous
' 2, 841
Departures
do
Aliens* Arrivals
do
1,890
r
1, 653
1,133
Passports issued and renewed .
do
National parks, visits
do
33, 976
Pullman Co. (qtrly.):
2,218
Passenger-miles (revenue)
mil
Passenger revenues
mil $
37.76
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenue^ 9
mil $
10,938
5,922
Station revenues
do
Tolls, message
do
3,827
Operating expenses (before taxes)
do
6, 496
31,924
Net operating income
do
Phones in service, end of period
mil
77.4
Telegraph carriers:
Domestic (wire-telegraph):
299.4
Operating revenues..
mil. $
264.2
Operating expenses, incl. depreciation. ___do__ _
21.1
Net operating revenues
do
International.'^
107.4
Operating revenues
do
Operating expenses incl depreciation
do
«83.0
8
Net operating revenues
________
_.do_—
17. 6
r
151.4
143.6
143.8
141. 6
147
150.8
127.2
53.3
143. 1
148.9
144.3
151.7
153.8
154.5
154. 6
157. 1
154.7
147
188. 1
142.6
59.4
29, 554
5,679
440
2,003
2.657
2, 268
424
37
152
187
2,415
456
35
159
180
2,376 22,768
2
455
427
243
35
2189
151
211
2276
2,381
479
35
161
221
2, 292 23,108
448
2610
31
236
158
2200
2284
200
2,347
472
29
160
238
2,189
465
29
156
211
2,103
434
32
147
234
2,096 22,790
2542
413
244
34
2198
150
2273
225
2, 229
329
35
161
209
2, 434
464
36
163
206
125
1,962
465
16,222
8
141
39
1,280
8
206
39
1,332
26
5
2290
225
244
37
1,257 2 1, 493
7
222
34
1, 221
11
226
192
2228
241
33
1,220 21,683
16
129
31
1,273
10
73
29
1,217
7
65
27
1,158
28
6
2103
67
233
26
1,174 2 1, 591
7
155
26
1,307
7
226
24
1,308
97
97
100
103
97
40
95
20
100
99
99
108
103
97
36
136
21
100
101
104
107
105
98
36
95
22
104
95
98
122
103
82
33
90
20
99
94
101
117
99
101
34
86
18
96
98
100
80
106
107
50
113
17
99
102
98
83
112
114
45
117
18
105
99
94
92
103
115
34
112
16
102
100
99
94
105
109
33
109
14
103
97
75
101
107
108
32
149
14
101
100
105
108
107
111
32
105
13
101
10, 208
8,836
553
963
709. 3
697.7
1.266
17,389
94
98
109
95
95
31
87
20
97
94
95
95
102
102
35
81
17
96
93
97
82
102
99
41
83
17
95
97
92
94
101
110
36
103
14
101
2,582
2,240
139
1,963
361
258
213
2,575
2,215
156
1, 965
360
250
205
2,668
2,316
132
2,518
2,207
122
292
213
180. 2
178. 2
1 258
4,333
178. 7
175 6
1 261
5,151
185.2
181.9
1.273
4,084
452.9
453.0 2 4 70. 4
455.8
460.1
208. 5
174. 6
33.9
17.8
14.8
3.0
18.6
15.4
3.2
18.6
15.7
2.9
19.0
16.3
2.8
18.6
15.6
2.9
18.4
15. 4
3.0
19.5
16.0
3.5
18.8
15. 7
3.1
16.8
14.1
2,7
78.927
9,080
6,998
884
6,631
738
6,467
835
6,855
496
6,809
628
6,035
716
7,065
767
7, 090
973
6,442
789
7, 123
780
6,340
762
7,193
895
6, 849
821
6,847
798
9.71
62
112
9.96
65
110
9.36
65
123
10.03
63
115
9.10
57
112
9.99
65
106
10.15
66
116
10.44
70
112
10.41
60
109
9.08
49
115
9.64
60
106
9.83
62
118
9.41
65
123
10.26
66
117
9.73
67
127
' 3, 351
231
278
160
134
175
1,453
284
296
171
159
168
2,393
308
398
182
165
175
5,074
350
433
226
182
131
8,578
504
365
230
213
105
8,346
348
265
251
184
80
3,631
258
224
189
188
59
2,534
226
195
154
134
59
1,219
200
221
155
152
59
817
84
741
104
762
176
1,075
187
1,766
200
2,630
r 3, 341
••2,093
' 1, 819
1,330
36. 509
2,014
34.55
473
8.05
556
9.38
458
8.04
474
8.15
11,750
6,272
4,188
7,076
2,091
81.5
2,896
1 547
1,028
1,751
519
79.2
2,964
1,573
1,064
1,765
538
80.4
3,056
1 620
1, 108
1,873
530
81.5
3,104
1,637
1,124
1,849
556
82.7
305.6
267.4
23.8
77.3
67 6
5.6
77.3
68.6
5.3
77.3
65.7
90
76. 8
66,9
5.3
112.2
87.0
21.0
28.8
22.1
5.3
27 0
21.2
5.0
29.2
22.4
6.0
28.9
21.7
6.2
Revised.
1 Number of carriers filing complete
reports for 1964.
3
2 Data cover 5 weeks; other periods, 4 weeks.
Revised total; quarterly revisions are
not available.
* Preliminary estimate by Association of American Railroads.
*New series. The monthly motor carrier index (ATA) is based on a sample of carriers
that represents approximately one-third of the class I and II common carriers of general
freight; monthly data back to 1955 are available. Railroad revenue ton-miles are compiled
by Interstate Commerce Commission,
148.8
141.5
~~
_;
§Effective 1st qtr. 1965, carriers reporting both intercity and local and suburban schedules
are classified as intercity if intercity revenues equal or exceed 50 percent of revenues from
both operations.
9 Includes data not shown separately.
cf Radio-telegraph and cable carriers.
SURVEY OF CUREENT BUSINESS
June 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1965
Annual
S-25
Apr.
May
June
July
Aug.
1966
Sept.
Get.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene
- mil. cu. ft__
Ammonia, synthetic anhydrous (commercial)
thous. sh. tons__
Carbon dioxide liquid, gas, and soliddo__ _
Chlorine, gas (100% Cl2) -do __
Hydrochloric acid (100% HC1)
do__
Nitric acid (100% HNOs)
-_ - -do _
Oxygen (high purity)
-_mil. cu. ft _
Phosphoric acid (100% P2O5)— -thous. sh. tons___
Sodium carbonate (soda ash), synthetic (58%
Na2O)
-_ _thous. sh. tons.
Sodium bichromate and chromate. __ __do
Sodium hydroxide (100% NaOH) __..-__ _._do _ _
Sodium silicate (soluble silicate glass), anhydrous
thous. sh. tons__
Sodium sulfates (anhydrous, refined; Glauber's
salt* crude saltcake)
__ - _ thous. sh. tons
Sulfuric acid (100% HsSO4)
--do
Organic chemicals, production :cf
Acetic anhydride
Acetylsalicylic acid (aspirin)Creosote oil
15, 964
7, 634. 3
1, 119. 6
5,945.2
1,264.2
4, 732. 5
153,387
3,283.0
1,425
1,420
1,401
1,385
1, 358
1,139
1,399
1,380
1,523
8,607.4 717.6
1,173.8
94.3
6. 438. 9
533.0
106.2
1,310.0
4,860.0
415.1
182, 404 15, 603
3, 845. 1 324. 0
721.5
107.7
544. 7
107.4
351.5
15, 314
338.1
707.9
111.7
524. 5
106.2
291.4
15, 057
350. 9
698.2
114. 2
540. 0
105. 8
350.2
15, 064
306.9
707.4
112.6
535.2
102.9
386.7
15, 571
330.3
701.4
104.2
517. 2
108.9
400. 7
14,426
313.7
737. 6
97.5
559.6
116. 8
448.6
15,409
343.6
762.1
87.9
542.0
113.4
441.0
14, 753
333.5
816.6
88.5
583.2
120.6
465.7
15,543
343. 3
16, 548
4,947.9
137.9
16,389.0
4,931.0
138. 2
6, 723. 5
415.9
11.2
557.8
406.8
12.4
569.4
398.5
11.6
549.7
411. 8
9.5
572.0
409.2
10.6
558. 4
398.5
12.0
530. 1
414.6
11.8
580.6
422.7
11.7
563.0
431.3
12.2
604.1
564.6
589.8
46.8
46.6
45.7
45.4
50.3
50.8
55.2
52.3
49.6
1,411 '1,278
846.6
84. 4
561.5
119.5
471.0
16,603
361.1
411.6
386.4
12.4
11.4
584.5 ••573.4
38. 7
1,533
' 832. 9 918.4
'87.0
80.8
' 517. 1 593.5
' 110. 1 126.3
' 437. 4 449.6
••16,065 18, 274
' 352. 7 373.4
'44.7
439. 3
12.6
680.3
65.4
1,315.6 1.392.4
123.1
112.4
119.6
125.9
105.3
122.0
108. 1
121.3
120.3
128.1 111.6
129.4
22, 923. 5 24,822.0 2, 101. 2 2,116.3 2, Oil. 0 2, 001. 6 2,120:9 2, 088. 8 2, 175. 8 2,060.8 2,211.7 2, 168. 0 '2,091.5 2, 260. 2
_ _ mil. Ib 11,399.2
128.2
_ do__ _
U13.3
mil. gal
1,533.9
29.0
2 108. 4
117.0
' 2,4
10.0
116. 5
2.3
10. 4
134. 0
1.9
9.3
128.4
2.3
10.7
128.0
2.3
9.0
156.5
2.6
8.7
134.4
3.0
7. 9
128.8
2.6
8. 1
139.8
2.6
7.9
123. 1
2.7
7.5
130.6
2.7
7.6
135.2
3.1
10.5
129.0
2.8
8.6
'mil. Ib— 1 123. 7
1117.7
do
do. _ J2, 839.9
144.6
107.3
3,085.5
12.8
8.1
256. 7
13.7
10.1
250.3
13.4
8.7
263.0
13.2
8.7
253.2
13.5
8.7
252.3
11.3
13.2
274.1
9.6
10.9
252.8
10.0
9.9
263.4
13. 9
7.8
290.5
13.4
6.4
278.4
12.3
8.0
269.9
12.0
8.3
309.7
14.2
11.9
290. 1
do
do
mil. gal_.
mil Ib
320.1
27.6
1 397. 7
i 555. 5
353.2
24.7
433.3
579.1
25.1
27.6
36.2
48.6
31.4
30. 1
37.5
51.3
31.6
25.5
37.3
46.3
25.7
28.6
37.3
49.1
30.3
28.2
36.0
48.1
27.9
29.8
34.1
47. 7
33.7
32.6
35.1
47.5
30.5
28.4
36. 1
47.1
28.3
24.7
42.1
53.1
28.8
30.3
39.4
55.0
28.6
28.6
36.0
49. 0
'29.8
30.0
' 39. 6
57.3
30.1
11.7
'39.1
54.9
_mil. tax gal-- - do_ _
_do__
do
684.5
192.9
551.0
68.0
710. 1
200.5
586.2
69.0
54.0
187.0
52.2
5.6
58.9
190.4
50.8
5.3
55.5
190.9
50.5
6.1
56.9
191.1
51. 0
4.9
54.9
196.3
45.4
5.3
60.6
196. 9
46.1
6.1
74.0
197.8
46.9
6.7
62. 7
200.3
45.8
7.5
62.3
200.5
47.6
5.2
54.8
208.4
50.6
4.9
49. 5
211.9
46.4
5. 1
54.6
211.5
52.0
6.5
_mil. wine gal__
do_
do
296.8
296.6
3.4
315.9
315. 2
5.4
28.0
26.8
6.0
27.2
27.5
5.8
27.1
27.9
5.1
27.4
27.0
5.6
24.3
24.7
5.2
24.8
25.2
4.7
25.3
24.6
5.5
26.3
27.2
4.4
25.6
25.5
5.4
27.2
29.2
3.4
24.9
24.3
4.0
28.0
28.1
3.8
9,578 310.810
799 3 1. 196
7,145 3 8, 104
1,026 3 1,053
1, 077
125
826
68
835
107
650
57
1,026
78
828
77
1,005
126
703
116
1,039
97
803
101
935
157
624
120
1,119
151
805
129
944
135
674
97
895
106
666
96
1,060
265
725
58
1, 272
301
852
82
1,150
272
747
47
1,002
103
786
74
15
26
290
44
20
20
284
38
_
DDT
Ethyl acetate (85%)
Formaldehyde (37% HCHO)
_
Glycerin, refined, all grades:
Production
Stocks, end of period
_
Methanol, synthetic and natural..
Phthalic anhydride
_
ALCOHOL
Ethyl alcohol and spirits:
Production
_ _ ____
Stocks, end of period
Use for denaturation
Taxable withdrawals
Denatured alcohol:
Production
Consumption (withdrawals)
Stocks, end of period
__
FERTILIZERS
Exports, total 9
Nitrogenous materials
Phosphate materials
Potash materials
Imports, total semimanufactures 9
Ammonium nitrate
Ammonium sulfate
_ __ __
Potassium chloride
Sodium nitrate
- _
thous. sh. tons
- do
do__ _
do
___do__ _
do
dodo
do
Potash deliveries (K^O)
do
Superphosphate and other phosphatic fertilizers
(100%P205):
Production.
__ _ _ thous. sh. tons
Stocks, end of period
_
__do
2,799
200
176
1, 195
363
177
181
1,780
398
17
28
204
72
17
11
133
32
12
8
71
42
16
10
76
26
19
6
191
22
14
14
179
17
14
7
227
8
21
10
136
50
15
10
183
47
9
18
181
18
11
19
139
17
3,088
3,342
459
301
116
199
357
234
307
208
250
335
238
3,465
431
3,831
469
353
224
343
220
305
348
275
450
304
459
302
411
338
425
334
463
348
469
349
505
363
' 548
401
396
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
Black blasting powder _
mil. Ib
.9
High explosives.
-____
do,
1, 281. 6
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil $ 2, 002. 2
Trade products
do
1, 173. 4
Industrial
finishes
do
828. 8
Sulfur, native (Frasch) and recovered:
Production
thous. Ig. tons__
6,250
Stocks (producers') end of period
do
4,227
.8
1, 459. 4
2
.2
.2
371.4
.2
396.3
387.1
396.8
2,169.3
1, 246. 7
922.6
191. 9
110. 3
81.6
201. 8
121.9
79.9
216.9
129.6
87.3
200. 6
124.3
76.3
195. 7
122.0
73.7
188. 0
112.6
75.4
178.1
99.7
78.4
167.9
90.5
77.4
146.8
73.4
73.4
164.6
85. 3
79. 3
165. 1
87.3
77.8
7,304
3, 425
594
4,156
625
4,096
611
4,002
627
3,881
628
3,825
531
3,670
645
3,710
621
3,611
637
3,425
670
3,346
611
3,281
169.6
14.2
14.4
15.8
11.8
12. 6
15.6
21. 4
14.0
13.5
13.1
14. 5
585. 6
51.1
50.0
54.5
47.7
51.6
51.8
49.1
43.6
45.0
47.7
'48.8
59.0
55.9
324.9
388.0
919.9
595.8
28.7
34.5
76.4
44.2
26.1
33.7
71.8
46.9
25.4
35.5
72.9
48.2
28.7
32.1
66.9
40.0
26.6
32.1
76.1
46.3
27.4
31.6
84.3
55.8
28.3
30.3
86.1
60.0
26.5
34.3
82.9
58.4
27.1
36.7
84.8
62.2
25.0
35.7
80.6
52.6
'25.7
'36.3
'80.1
52. 7
28.0
40.5
87. 8
56. 3
29.2
38.5
83. 8
53.1
2,002.5
2,282.0
3,047.4
165.4
190.8
237.8
167.8
181.6
256. 9
168.9
181.4
256.4
150. 4
169.9
254. 3
168.2
185. 9
262.3
179.2
197.5
264. 7
171.7
206.6
278.8
172.0
203. 2
267.6
180. 7
218.7
282.2
179.0
215.7
279.9
177.4
' 214. 7
260.1
191. 5
221. 6
291.1
197.7
221.4
274.6
673
3,213
PLASTICS AND RESIN MATERIALS
Production:
Cellulose plastic materials
mil Ib
1161.3
Thermosetting resins:
Alkyd resins __
do
i 593. 6
Coumarone-indene and petroleum polymer
resins
mil Ib
1354.3
Polyester resins
do
i 316. 6
Phenolic and other tar acid resins
do
i 832. 5
Urea and melamine resins
do
i 570. 3
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
mil. lb- 11,728.9
Vinyl resins (resin content basis)
do
i 2,066.8
Polyethylene
_ __ _ _ _
do
i 2,613.4
' Revised.
i Revised annual total; revisions are not distributed to the monthly data.
2 Beginning Jan. 1965, data exclude creosote in coal-tar solutions (formerly included); these
averaged 927,000gallons per month in 1964. 3 gee note "Q" for p. S-21
17.0
15. 9
cfData are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
June 1966
1965
Apr.
Annual
May
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total J
mil. kw.-hr__ 1,083,741 1,156,929 90, 336
Electric utilities, total
By fuels
_ _ _ _•
By waterpower
-
93, 320
96, 142 101, 631 103, 858
97,081
95, 722
95, 299 102, 182 105,254
94, 962 101, 899
96, 667
983, 990 1,054,790
806, 917 861,342
177, 073 193, 448
81, 852
64, 997
16, 856
84, 745
68, 134
16, 610
87, 761 93, 102
72, 023 77, 178
15, 738 , 15, 924
95, 240
79, 571
15, 670
88,877
73, 875
15, 002
86, 985
71, 675
15,310
86, 723
71, 260
15, 463
93, 480
76, 963
16, 517
96, 468
79, 896
16, 571
86, 865
71, 577
15, 288
93, 057
74, 890
18, 167
88, 079
71,759
16, 321
do _
do
806, 446
177, 544
855, 632
199, 158
67,036
14, 816
68, 959
15, 786
71, 916
15, 845
76,062
17,040
77, 925
17, 316
69, Oil
19, 866
70, 998
15, 987
70, 606
16, 117
75, 699
17,781
77,844
18,624
70, 172
16, 692
75, 354
17, 703
71, 694
16, 385
do. _
do
do
99, 751
96, 523
3,228
102, 139
98, 988
3,151
8, 484
8,173
311
8,575
8,257
319
8,381
8,126
255
8,530
8,298
232
8,617
8,407
211
8,204
8,001
203
8,737
8, 497
240
8,576
8,323
252
8,702
8,438
263
8,786
8,520
266
8,097
7,835
262
8,841
8,527
315
8,587
8,269
318
_ _ _ do
do.
do
-
Privately and municipally owned util
Other producers (publicly owned)..
Industrial establishments, total.
By fuels
By waterpower
_
Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power§
Large light and power §
Railways and railroads . _.
Residential or domestic _
Street and highway lighting _
Other public authorities .__
Interdepartmental _ _
890, 356
953,441
76, 693
75, 598
78, 238
80, 576
83, 922
83, 712
80,488
78, 551
81,969
84, 755
84, 418
84, 035
__do_ _
do
183, 539
409, 356
202,128
433, 342
15,170
35, 677
15, 517
36, 336
17, 571
36, 641
18, 745
35, 851
19, 536
37, 269
19, 021
37,183
17,770
36, 824
16, 603
36,707
16, 699
37,043
17, 005
36, 836
16, 988
36, 183
17, 034
37, 711
do. _
__do
do
-do
. __do_ _
4, 721
262, 010
8,290
20, 651
1,789
4, 653
280, 999
8,783
21, 675
1,859
393
22, 882
660
1,771
140
365
20,808
655
1,768
149
357
21,046
631
1,822
170
357
23, 023
644
1,775
181
353
24,100
675
1,797
192
353
24, 474
722
1,791
167
367
22, 759
773
1,825
169
381
22, 075
816
1,811
158
408
24, 866
863
1,971
120
401
27, 589
866
1,923
135
406
27, 961
797
1,944
125
410
26, 024
776
1,928
151
_do
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. $ 14,408.5 15, 158. 8 1, 215. 6 1, 205. 1 U243.2 1, 287. 0 1, 325. 8 1,332.2 1, 284. 0 1, 242. 2 1, 288. 4 1, 326. 4 1, 324. 6 1, 304. 7
GAS
Manufactured and mixed gas:
Customers, end of period, total 9
Residential
Industrial and commercial
thous..
do
_ do
798
745
52
698
655
42
703
660
42
690
649
41
698
655
42
mil. therms
_ do _
_ _ d o __
1,541
976
552
1, 370
818
544
300
171
126
168
67
100
349
213
132
Revenue from sales to consumers, total 9 -mil. $__
Residential
_ __ _ _
do _
Industrial and commercial
do
165.2
117.3
46. 9
129.7
86.7
42.4
29.1
19.1
9.7
16.5
9.0
7.4
32.7
22.1
10.4
36, 298
33, 350
2,908
37, 130
34, 101
2,987
36, 308
33, 396
2,872
36, 290
33, 414
2,836
37, 130
34, 101
2,987
114,340
37, 699
71, 293
117, 900
38, 764
75, 434
27, 805
8,529
18, 181
21, 820
3,351
17, 216
29, 476
9,307
18, 815
Revenue from sales to consumers, total 9 —mil. $__ 6, 960. 2 7, 231. 7
3, 772. 3 3, 911. 6
Residential
do
Industrial and commercial
do
2, 998. 1 3, 195. 9
1, 676. 5
884.9
753.6
1, 126. 9
448.8
640.1
1 803.8
957.8
797.8
Sales to consumers, total 9
Residential
___
Industrial a n d commercial-
_
Natural gas:
Customers, end of period, total 9
thous
Residential
_ _ _ _ _ do
Industrial and commercial
do.
Sales to consumers, total 9 _
Residential
Industrial and commercial
mil. therms
do
do
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
__
mil. bbl
Taxable withdrawals
do
Stocks, end of period
_ __
do
Distilled spirits (total) :
Production
.mil. tax gal__
Consumption, apparent, for beverage purposes
mil. wine gal__
Taxable withdrawals
mil. tax gal
Stocks, end of period
do
Imports
mil. proof gal-Whisky:
Production
mil. tax gal. _
Taxable withdrawals
do
Stocks, end of period
__do
Imports
mil proof gal
Rectified spirits and wines, production, total
mil. proof gal__
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
_
mil wine gal
Taxable withdrawals
do
Stocks, end of period
do
Imports
•
do
Still wines:
Production... ._
do
Taxable withdrawals.
__ _
do
Stocks, end of period
do
Imports...
_
do
105. 90
98.64
9.99
108. 21
100. 41
10.30
9.22
8.43
12.08
10.05
9.24
12.24
11.21
10.21
12.50
10.42
9.85
12. 38
9.66
9.61
11.68
162. 94
185. 06
15.72
14.44
14.01
8.32
275. 86
133. 17
862. 42
50.60
292. 99
138. 52
872. 90
58.04
22.63
10.95
870. 39
4.66
22.49
11.30
871.05
3.96
24.07
11.95
870. 65
4.58
112. 87
89.44
832. 18
40.81
126. 88
90.06
835. 85
51. 10
11.50
6.84
840. 21
4.10
10.05
6.92
840. 97
3.43
92.24
65.60
94.00
64.80
7.42
5.06
5.82
5.35
2.66
1.19
7.29
6.25
3.10
1.45
193. 28
164. 72
231. 24
14.54
232. 26
167. 25
262. 28
14.91
7.76
6.69
10.88
7.39
6.66
11.07
10.31
8.73
11.83
20.02
19.65
17.32
17.02
19.82
30.86
15. 05
865. 82
7.31
36.15
10.06
872. 90
6.73
19. 15
9.40
877. 94
3.34
20.59
10.58
881. 60
3.83
25.75
12.07
886. 20
5.14
4.52
11.85
11.12
833. 24
5.64
13.16
10.47
832. 11
6.53
12.92
6.58
835. 85
5.95
13.28
6.20
840. 16
2.94
12.49
7.50
842. 55
3.31
15.06
7.87
846. 87
4.49
4.00
8.26
5.78
10.96
8.11
10.84
7.82
6.97
4.50
6.40
3.93
6.98
4.83
8.50
5.81
.52
.41
3.66
.08
.52
.58
3.54
.09
.59
.73
3.31
.20
.77
.91
3.14
.21
.93
.86
3.10
.22
.76
.40
3.40
.11
.79
.35
3.78
.11
.88
.48
4.14
.12
.10
3.92
13.57
137. 14
1.01
49.80
15.33
171. 61
1.19
112. 90
15.85
266. 87
1.37
35.72
16.25
279. 14
1.82
9.50
15.05
262. 28
2.01
7.37
12.00
254. 72
1.51
2.58
12. 42
239. 59
.95
2.59
17. 62'
225. 26
1.38
1.16
7.81
7.50
11.28
7.71
7.60
10.83
13.04
15. 84
19.11
22.18
9.85
866. 20
3.41
21.76
10.65
865. 42
4.33
24.02
11.84
865. 73
5.26
26.62
16.26
865. 31
6.31
9.08
6.94
841. 10
3.93
3.76
5.65
836. 60
3.00
9.36
6.62
836. 20
3.82
10.91
7.94
836. 22
4.68
7.24
4.88
8.10
5.46
6.31
4.38
7.54
5.09
.54
.41
3.47
.10
.57
.44
3.56
.12
.66
.51
3.62
.10
.32
.31
3.60
.07
3.73
14.20
179. 74
1. 35
3.25
12.22
170. 52
1.27
2.53
13.59
157. 01
1.27
1.48
9.91
146. 16
.86
Distilling materials produced at wineries. __ do
468. 58
2.39
3.42
3.79
369.35
r
Revised.
{Monthly revisions for 1964 appear on p. 44 of the June 1966 SURVEY; produc ,ion data for
all periods shown here include Alaska and Hawaii.
8.13
8.03
10.30
9.08
8.49
11.58
98.2
8.54
12.34
11.33
2.82
4.50
3.42
17.60 128. 60 200. 11 66.74
29.91
§Da ta are n ot wholl y compa rable on a year to year I asis beeswise of changes from one
classif ication t D anothei
9Iiicludes dlata not s hown se parately.
SUKVEY OF CUEEENT BUSINESS
June 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1965
Annual
S-27
Apr.
May
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) __ _
Stocks, cold storage, end of period
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory) total
American, whole milk
mil. lb_ 1, 442. 4
66.5
do
.599
$perlb__
1, 337. 1
52.1
.610
140.2
132.1
.595
146.4
165.8
.598
135.8
207.9
.599
106.6
219. 5
.602
85.9
192.5
.620
74.6
161.1
.627
78.8
124.8
.636
78.2
83.0
.641
90.3
52.1
.646
100. 2
33.7
.601
92.5
26.6
.627
103.2
25.5
.643
107.5
'34.3
.632
1,743.2
1, 155. 3
162.1
110.8
179.3
129.2
179.8
128.8
161.3
113.0
142.5
96.7
127.9
82.1
126.8
77.3
119.4
70.0
130.0
76.1
131.8
80.9
127.7
78.6
157.6
100.3
164. 6
112.7
326. 0
Stocks, cold storage, end of period
do
308.6
283.6
American, whole milk
do.
271.0
78.0
79.3
Imports
do
Price, wholesale, American, single daisies (Chi.434
.450
cago)
$ per lb__
Condensed and evaporated milk:
Production, case goods:
94.6
97.0
Condensed (sweetened)
mil. lb__
1, 888. 1 1, 690. 5
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of period:
6.9
5.9
Condensed (sweetened)
mil. Ib
185.3
Evaporated (unsweetened)
do
134.8
Exports:
62.8
165.3
Condensed (sweetened)
do
37.3
124.7
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
5.99
Evaporated (unsweetened)
$ per case..
6.09
Fluid milk:
127, 000 125. 061
Production on farms
_ _ _ _ _ _ mil. Ib
Utilization in mfd. dairy products.
do ... 62, 883 60, 577
••4.26
Price, wholesale, U.S. average
_$ per 100 lb__ '4.17
Dry milk:
Production:
87.6
Dry whole milk
mil. Ib
84.8
2, 176. 8 1, 999. 0
Nonfat dry milk (human food) _ . _
do
Stocks, manufacturers', end of period:
7.0
5.0
Dry whole milk
do
58.2
108.8
Nonfat dry milk (human food) ..
do
Exports:
13.9
120.0
Dry whole milk
do
838.6
Nonfat dry milk (human food)
_ _ _ do
i 438. 4
Price, manufacturers' average selling, nonfat dry
.146
.147
milk (human food)
$ per lb__
310.9
271.6
8.0
342. 1
299.3
7.0
378.7
333. 2
6.3
402.0
354.7
4.2
415.0
364.3
4.2
386. 6
340.6
5.3
351.9
310.5
6.4
335.3
297.2
9.3
308. 6
271.0
11.4
301.1
262.9
11.4
277.6
238.3
7.2
270.7 '296.9
230.4 ' 252. 9
7.8
11.1
.441
.439
.439
.439
.441
.449
.457
.470
.490
.492
.501
.524
.507
10.1
149.4
9.4
183. 7
5.4
180.8
9.1
159.2
8.5
152. 7
5.6
136.0
7.5
123.0
9.0
110. 1
10.5
119.5
9.5
117.0
9.2
119. 4
9.2
148. 9
9.3
166.0
7.0
113.6
7.7
165.9
7.9
199.0
9.1
224.9
8.5
235.6
7.3
228.2
7.5
200.6
7.5
166.4
5.9
134.8
5.2
103.2
5.4
61.9
6.6
40.2
5.8
73.6
7.0
1.4
6.3
1.7
3.5
2.0
4.4
2.7
6.9
2.4
2.6
2.3
5.5
2.5
3.0
1.8
10.0
2.7
8.7
2.1
2.0
2.2
9.7
3.1
4.7
3.4
6.33
6.46
6.55
_
mil Ib
do_ _
1, 726. 5
1, 157. 4
6.09
6.07
6.07
6.07
6.08
6.11
6.13
6.11
6.12
6.14
11, 305
5,942
'4.03
12,206
6,435
'3.90
11, 742
6,354
'3.87
10, 856
5,554
'4.03
10, 046
4,800
'4.20
9,404
4,055
'4.43
9,446
3,866
'4.56
9,106
3,722
'4.64
9, 556
4,070
'4.62
9,865
4,362
4.54
9, 254
4, 215
4. 55
10, 645
5,035
4.54
10,874
5,289
4.45
8.5
217.3
7.6
244.6
7.7
224.9
5.6
169.8
4.7
131.2
5.4
100.6
6.2
102.0
7.3
105.2
7.6
130.7
8.4
129.8
7.3
124.0
6.8
144.8
8.2
170.5
8.8
122.7
7.7
154.0
7.8
154.2
7.6
136.4
6.8
109.8
6.0
74.0
4.9
65.4
4.3
59.2
5.0
58.2
5.0
59.6
6.2
53.8
5.9
47. 5
6.7
78.1
1.8
51.0
2.7
30.3
1.2
44.4
1.1
53.0
3.1
63.3
1.1
69.2
1.8
64.6
1.8
21.5
1.2
14.0
1.2
16.9
.1.7
6.4
2.0
16.2
1.0
28.8
.145
.145
.145
.146
.147
.148
.148
.149
.150
.151
.152
.156
.169
114.8
120. 4
127.3
127.5
120.3
124. 3
134. 8
144.2
112.0
127.9
161.3
160.6
53.4
.641
314. 8
268.9
.500
11, 707
4.33
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat)
Barley:
Production (crop estimate)
Stocks (domestic), end of period
On farms
Off farms _
Exports, including malt § _ _ _ _ _
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight
mil bu
do
do
do
do
do
$ per bu__
do
Corn:
Production (crop estimate, grain only) mil bu
Grindings, wet process
do. _
Stocks (domestic), end of period, total. _mil. bu._
On farms
do
Off farms
do
Exports, including meal and
flour
do
Prices, wholesale:
No. 3, yellow (Chicago)
.__$ per bu__
Weighted avg., 5 markets, all grades.
do
Oats:
Production (crop estimate)
mil. bu
Stocks (domestic), end of period total
do
On farms __ _
do
Off farms
do
1, 385. 8 11,385.4
2 402. 9
309.9
190. 1
119.9
74.4
2 411. 9
311.5
195.2
116.3
165.9
.3.7
1.21
1.13
1.33
1.27
1.33
1.23
2 3, 584
193.6
24,171
204.9
16.8
3,956
2,818
1, 137
481. 6
4.099
3,142
'9.56
i 598. 9
1.23
1.23
1.28
1.25
2880
710
622
88
2959
783
680
103
42.1
1.33
1.31
4.2
1.38
1.36
1.34
1.33
1.37
1.35
17.4
15.8
16.0
52.9
73.6
4,099
3,142
'956
66.7
1.19
1.19
1.14
1.14
1.21
1.19
7.8
5.2
5.0
400.7
257.2
143.5
6.8
8.5
1.39
1.32
1.39
.1.27
1.34
1.23
1.28
1.26
1.27
1.25
1.31
1.28
17.3
17.1
16.8 '
18.5
17.3
17.9
46.3
1 934
1,283
650
57.5
51.6
31,170
3604
3 566
43.3
48.8-
1.34
1.28
1.33
1.26
1.28
1.21
1.28
1.23
6.3
199.3
105 4
93 9
4.5
7.9
1. 40
1.38
1.36
1.35
1.32
1.29
1.33
1.30
15.2
18.0
17.0
16.8
48.9
51.5
2,899
2,160
740
65.7
64.6
1.29
1.27
1.29
1.24
1.25
1.22
1. 28
1.24
783
680
103
944
806
139
3283
3220
3 63
Exports, including oatmeal
do
.5
.7
4.6
124.3
(4)
Price, wholesale, No. 2, white (Chicago)
.70
.74
•74
.77
.77
$ per bu__
Rice:
2
Production (crop estimate)
mil bags 9
73. 1
276.9
California mills:
Receipts, domestic, rough
mil Ib
82
1,523
1.491
125
158
Shipments from mills, milled rice
do
134
1,025
1,033
45
151
Stocks, rough and cleaned (cleaned basis), end
of period
mil Ib
207
185
98
150
91
Southern States mills (Ark., La., Tenn., Tex.):
5,711
Receipts, rough, from producers
mil. lb__ 5,575
102
62
66
4,020
Shipments from mills, milled rice
do
M22
275
3,665
341
Stocks, domestic, rough and cleaned (cleaned
1,641
374
basis), end of period
mil. lb__
945
718
1,670
Exports...
do
392
2,933 i 3. 049
247
161
Price, wholesale, Nato, No. 2 (N.O.)
$ per lb__
.083
.084
.084
.086
.084
Rye:
Production (crop estimate)
mil bu
233.3
233.3
3 19 Q
Stocks (domestic), end of period
do
21.3
28.8
Price, wholesale, No. 2 (Minneapolis) _.$ per bu__
1.28
1. 14
1. 16
1. il
1.15
r
Revised.
* Preliminary.
1 See note "O" f or p. S-21.
2 or op estimate for the
year.
3 old crop only; new crop not reported un til beginn ng of ne-flT crop year (July for
barley, oats, rye, and wheat; Oct. for corn).
8.3
311.5
195.2
116. 3
5.1
3101.8
340.7
3
61. 1
9.3
1.36
1.31
132.4
548
461
87
2.3
2.9
4.3
5.6
6.9
1.1
.3
.6
.8
3.4
.72
.72
.71
.70
.72
.77
.78
.78
.77
.75
79
76
65
28
59
46
173
37
112
77
133
85
121
137
80
49
126
105
95
59
70
87
72
122
180
207
158
162
143
191
238
220
907
244
1,547
385
1,403
442
482
408
337
400
332
360
195
316
133
291
108
253
334
322
.084
709
97
.082
1,356
151
.082
1,859
245
.080
1,787
440
.082
1,641
292
.082
1,527
335
.082
1,350
207
.082
1,170
233
.083
1,002
205
p. 083
1. 16
1.13
afi n
4
1.15
Less than 50, 000 bu.
§ Excludes oearl barley.
9 Bags of 100 Ib.
9.R 8
24.7
1.16
.74
1.14
1.17
Beginning June 1965, data include ship >ments tc> Gov't. aigencies.
1.17
5
1.28
1.26
1.13
1.18
1.25
1.22
SURVEY OF CUKKENT BUSINESS
S-28
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1965
Annual
June 1966
May
Apr.
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Distribution
,
mil. bu__
do
do
do
1 1, 291
1266
i 1, 025
1,458
* 1, 327
1303
i 1, 024
1,438
Stocks (domestic), end of period, total
On farms
Off farms
do
do
do
1, 449
390
1,060
1,339
408
931
Exports total, including
Wheat only
do
do
819.5
746.2
3694.0
3 646. 3
flour
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu__
2.06
1.83
No. 2, hd. and dk. hd. winter (Kans. City)_do
1.86
1.58
Weighted avg., 6 markets, all grades
do
1.92
1.70
Wheat flour:
Production:
Flour
thous sacks (100 Ib ) 265, 621 254, 584
Operations, percent of capacity
93.5
90.9
Offal
thous sh tons
4, 941
4,693
Grindings of wheat
thous bu
602, 209 575,874
Stocks held by mills, end of period
4,314
5,068
thous. sacks (100 Ib.)-Exports
do
31, 475 3 20, 464
Prices, wholesale:
Spring, standard patent (Minneapolis)
5. 652
5.784
$per!001b__
Winter hard 95% patent (Kans City) do
5.464
5. 390
328
436
369
438
2
818
2
133
2
1, 708
563
1 146
1,339
408
931
901
257
644
685
68.8
62.3
65.4
62.6
59.7
56.1
68.2
64.9
63.6
58.3
69.4
64.2
67.2
60.6
55.2
51.0
59.5
55.0
58.5
56. 3
69.5
67.9
9U.4
87.7
83. 6
77. 7
1.81
1.54
1.67
1.81
1.52
1.65
1.81
1.46
1.61
1.86
1.50
1.64
1.79
1.59
1.70
1.84
1.61
1.76
1.84
1.63
1.72
1.88
1.65
1.76
1.87
1.64
1.75
1.86
1.66
1.75
1.89
1.65
1.77
1.87
1.64
1.74
1.84
1.65
1.72
20,128
83.3
373
45, 511
19, 656
89.5
364
44, 331
23, 500
97.1
433
53, 188
18, 689
80.9
346
42, 328
22, 169
91.6
408
50, 275
23,307
101.8
431
52,838
23,399
102.1
428
52, 816
21,296
93.0
388
48, 105
21, 543
85. 5
392
48, 642
20, 169 '19,621 ' 23, 013
••89.6
'90.7
87.7
'416
357
368
45, 735 44, 294 '51,811
20, 796
89.7
376
46, 833
2,792
1,195
4,846
1,554
1,403
2, 277
4,136
2,250
2,826
1, 775
4,314
1,924
955
711
4,086
1, 155
2, 532
5.585
5.280
5.573
5.260
5.740
5.360
6.013
5.653
5.938
5.610
5.875
5.577
5.975
5.600
5.988
5.617
5.963
5.617
5.988
5.617
5.988
5.567
5.913
'5.540
p 5. 901
v5. 540
459
2, 232
370
2,103
932
466
1.87
1.74
1.78
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous animals
Cattle
do
Receipts at 26 public markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
$ per 100 lb__
Steers, stocker and feeder (Kansas City)__do ..
Calves, vealers (Natl. Stockyards, 111.) _ _ d o _ _ _ _
Hogs:
Slaughter (federally inspected) ___thous. animals. _
Receipts at 26 public markets _
do
Prices:
Wholesale, average, all grades (Chicago)
$per!001b__
Hog- corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
Sheep and lambs:
Slaughter (federally inspected) __ -thous. animals. _
Receipts at 26 public markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago) _
SperlOOlb
4,820
25,133
14, 779
7,096
5,076
26, 614
13, 994
7,230
411
2,021
911
354
340
2,043
995
359
378
2,219
1,152
328
387
2, 238
1,045
338
428
2,337
1,254
533
478
2, 406
1,304
906
492
2,390
1,412
1,261
470
2,334
1,497
1,403
433
2,314
1,128
710
382
2, 304
1, 110
484
376
2,037
943
389
22.86
19.79
26.21
25. 81
22.50
27.17
25.01
22.04
29.50
26.40
22.68
27.00
27.44
23.88
27.50
26.71
23.22
25. 50
27.01
22.97
23.50
26.93
22.92
25.00
26.58
22.88
25.00
26.33
23.02
27.00
26.41
24.12
29. 50
26.65
24. 64
32.00
27.55
26. 38
37.50
71, 667
- 19,114
63, 708
15, 386
5,802
1,274
4,719
1,199
4, 717
1,260
4,430
1,090
4,750
1,166
5, 475
1,228
5,421
1,231
5, 503
1, 357
5,010
1, 263
4,719
1,161
4,650
1,091
5, 806
41,316
5,303
1, 291
1,245
14.89
20.98
17.26
19.86
22.26
23. 09
23.88
22. 49
23.19
24. 07
26.85
27.26
.27. 15
24. 00
21.72
22.25
13.2
18.1
'14.0
16.0
18.1
18.9
20.2
18.7
21.6
23.7
24.8
23.9
23.7
21.4
19.1
18.7
12, 947
4,436
2,547
11, 710
3,450
2,157
989
199
136
918
229
115
966
294
136
976
278
113
973
334
191
1,106
382
342
1,032
384
392
943
359
187
910
271
161
907
254
107
785
206
80
1, 033
4314
120
972
279
172
315
21.93
24. 29
23.25
26.50
26.00
24.75
23.75
23.00
23. 50
23.75
25.88
27.88
28.25
26.75
25.75
27.12
29, 676
28,336
2,352
2,165
2,288
2,194
2, 283
2,459
2,462
2,465
2,386
2,348
2, 143
2,500
2,349
702
665
1,088
484
3537
1,012
675
44
72
610
44
87
493
37
81
442
37
93
399
45
98
400
50
102
411
56
104
453
55
93
484
50
99
487
42
92
509
35
101
528
43
94
585
32
107
15, 653
328
57
841
15, 995
269
345
718
1,235
235
4
39
1,239
216
2
62
1,330
182
2
54
1,323
177
2
66
1,370
186
2
87
1,413
201
3
71
1,410
211
2
72
1,383
244
6
65
1,397
269
3
61
1,413
262
5
58
1,244
256
2
64
1,367
236
3
50
1,291
'225
2
65
.398
.433
.418
.446
.462
.446
.450
.450
.439
.435
.441
.453
.469
.460
.442
624
13
576
12
49
11
45
11
45
10
46
10
46
10
53
10
50
13
47
12
46
12
47
10
41
11
54
13
50
18
19
13,399
11,766
1,067
881
894
824
867
993
1,002
1,035
943
888
858
1, 078
1,008
10, 445
284
133
210
9,330
152
353
262
849
335
5
28
692
292
3
19
698
224
4
22
656
176
3
21
699
135
4
21
795
126
4
23
802
128
6
23
817
141
6
21
751
152
4
30
711
158
2
26
701
186
4
27
878
217
4
31
804
'372
3
29
265
.458
.443
.542
.532
.485
.453
.498
.512'
.531
.587
.563
.571
.572
.564
.542
.557
.575
.576
.622
.585
.702
.616
.675
.643
.657
.639
. 625 p . 537
.533
.568
.562
2,153
127
682
1,772
62
3251
i«
159
147
38
138
107
20
iAn
144
98
14
144
122
82
29
ifii
122
69
13
144
62
19
ifia
146
59
16
158
66
10
IK»
139
62
21
IKR
129
70
6
IRQ
114
69
15
171
4.1,110
513
28.96
27.73
27. 62
26. 74
36.00 ^35.00
961
26.54
26.31
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil Ib
Stocks (excluding lard), cold storage, end of
period _ __
__ _ _
mil. Ib
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter
do
Stocks, cold storage, end of period... _ _do
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New Y o r k ) _ _ _ _ _ _ _ _ _ _ _ _ _ $ per lb__
Lamb and mutton:
Production, inspected slaughter
mil Ib
Stocks, cold storage, end of period
do
Pork (including lard), production, inspected
slaughter
mil Ib
Pork (excluding lard):
Production, inspected slaughter
do
Stocks, cold storage, end of period
__do
Exports
do
Imports
do
Prices, wholesale:
Hams smoked composite
$ per Ib
Fresh loins, 8-12 Ib. average (New York) . -do.
Lard:
Production, inspected slaughter
mil Ib
Stocks, dry and cold storage, end of period— do
Exports
do
Prinp. whnlpsalp rpfinpri fnhinaorA
r
Revised.
1
» Preliminary.
Crop estimate for the year.
<fc npr 1V>
13R
1KR
2
3
1K1
IRK
. 449
144
77
18
IRQ
560
210
149
93
5
p. 150
Old crop only; new grain not 4reported until beginning of new crop year (July for wheat).
See note "O" for p. S-21.
Beginning March 1966, data are for receipts at 28 markets.
SURVEY OF CURRENT BUSINESS
June 1066
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1964
Annual
S-29
1965
Apr.
May
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb__
Stocks, cold storage (frozen), end of period, total
mil. lb__
Turkeys
do
Price, in G~eorgia producing area, live broilers
$ per lb._
Eggs:
Production on farms
mil. cases O
Stocks , cold storage, end of period:
Shell
thous. cases 0
Frozen
_ mil. Ib _
Price, wholesale, extras, large (delivered; Chicago)
$perdoz._
7,546
7, 998
541
563
645
683
773
847
877
819
695
589
522
554
605
357
207
315
200
215
'106
177
82
159
70
177
88
239
147
343
244
470
363
391
280
315
200
284
181
249
156
201
122
' 169
92
.137
.145
.145
'.153
' . 153 '.151
'.149
'.137
'.134
' . 141
.140
.155
.155
.165
.150
.160
178.9
179. 4
15. 5
16 0
15.0
15 0
14 6
14 1
14 6
14 4
15 0
15 0
13 7
15 6
15 4
15 8
62
58
85
51
53
56
321
67
525
84
521
98
423
100
321
95
234
81
126
64
85
51
76
38
20
28
28
24
42
33
74
43
.308
.273
.294
.298
.341
.384
. 391
.410
.411
.375
.412
.423
. 385
.319
25.5
.164
40.2
.159
37.7
.134
26.0
. 118
36 2
.161
48 5
.171
32 4
.171
27 2
.184
25 2
.213
41 9
.239
57 7
.221
46 6
.233
29 2
.259
.244
.331
. 328
150
69
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl shells)
thous. Ig. tons
Price, wholesale, Accra (New York).___$ per lb._
268. 4
.234
354. 4
.172
C off ee (green):
Inventories (roasters', importers', dealers'), end
of period
- - thous. bagscf _
Roastings (green weight)
do
4,470
22, 374
' 3, 143
21, 680
22, 823
7,212
21, 290
5, 742
1 659
.479
1,395
.451
Imports total
do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
$perlb__
Confectionery, manufacturers' sales
mil. $
Fish:
Stocks, cold storage, end of period— _
mil. lb__
' 1, 415
2,612
5,330
333
Deliveries, total 9
_ _ do __
For domestic consumption
do
Stocks raw and ref., end of period - do
9.706
9, 671
2,700
10,151
10, 021
2, 647
775
855
2,490
2,420
Exports raw and refined
sh tons
Imports:
Raw sugar, total 9 _ _ _ __thous. sh. tons_
From the Philippines
do
Refined sugar, total
do _
4, 222
i 2, 359
403
196
3,506
1,171
3, 783
1,055
333
138
6
373
82
9
Tea imports
thous. Ib
Baking or frying fats (incl. shortening) :
Production
mil. Ib
Stocks (producers' and warehouse), end of period
mil Ib
Salad or cooking oils:
Production
-- do
Stocks (producers' and warehouse), end of period
mil Ib
Margarine:
Production
do
Stocks (producers' and warehouse) , end of period
mil Ib
Price, wholesale (colored; mfr. to wholesaler or
756
83
.440
129
.440
120
.425
127
.420
131
.423
.413
232
230
210
175
162
162
163
1,598
1,098
973
1,000
1, 570
2,480
2,990
2,675
612
961
933
294
331
231
85
39
481
1,831
132
196
203
235
231
3,055
2,823
2, 133
98
120
' 3, 288 ' 3, 598 3,525
145
1 965
228
166
108
1, 502
250
2 382
'529
210
152
65
1 829
545
192
137
411
2 254
2 013
.438
145
278
3, 173
5 657
488
.438
152
.455
75
4,153
5,796
1,966
2 549
.445
162
.460
94
4,408
5, 505
1, 903
2 666
. 455
104
.453
84
973
1 812
802
.458
109
198
1 556
551
457
230
Prices (New York) :
Raw, wholesale
-$perlb_.
Refined1.
Retail (incl N E New Jersey) $per51b
Wholesale (excl excise tax)
$ per Ib
1 206
386
215
Cuban stocks, raw, end of period
thous. Spanish tons__
United States:
Deliveries and supply (raw basis) :§
Production and receipts:
Production
thous. sh. tons
Entries from off-shore, total 9
do. _
Hawaii and Puerto Rico
do
1 831
1 554
3, 143
5,837
2,667
5 112
736
846
221
194
597
134
245
253
401
317
240
239
198
191
141
114
883
957
1, 006
786
874
682
863
673
783
831
2,166
2,647
2,738
817
1, 658
1,552
777
1,928
1,023
1,007
1,291
826
2,170
2,600
' 2, 519
71
290
166
121
106
137
321
76
62
1 765
155
368
72
4
188
69
6
362
156
2
412
137
10
444
71
7
350
85
2
430
108
8
159
38
260
106
1
313
149
4
303
117
846
876
950
996
355
316
815
150
777
83
750
739
'2,514 p 2, 313
84
82
.069
.068
. 066
.068
.068
.067
.068
.068
.069
.068
.067
.068
.069
.068
.069
.657
. 595
.588
. 591
.595
. 592
.591
.594
.596
.606
.096
.605
.096
.611
.615
(2)
(2)
100
095
095
096
.604
.096
098
098
.616
P. 095
133, 592
130, 358
15 994
10, 463
11, 028
6,372
9,173
14 543
9, 123
13, 724
12, 504
10, 447
9,352
14,677
13, 778
2,664.1
2, 792. 5
210.8
224.2
219. 9
204. 2
240.2
274.6
281.6
270. 4
255.4
266. 2
266.3
265. 2
242.5
121 1
116 6
115 8
122 3
122 9
106 4
103 2
97 6
105 7
113.1
116 6
114 2
118 8
118 4
132 1
213.5
231.3
257. 7
254.5
238. 1 '271.8
241. 0
093
095
093
095
095
258
260
2, 846. 1 2, 773. 1
213.7
242.6
270. 6
229.4
226.4
218.4
118 8
85.9
170 0
156 1
149 0
125 7
85 5
65 9
62 2
80.3
85 9
98 9
87 9
'79 0
96.3
1, 857. 4
1,904,4
154.3
142.0
145. 1
142.9
148.6
164.9
161.6
168.7
175.4
185.5
172.7
188. 5
164.0
48 0
41 6
51 5
51 5
47 0
48 5
44 5
41 9
47 2
45 3
41 6
44 0
48 4
'58 5
55 8
241
261
263
263
263
263
261
261
261
261
261
261
261
261
v 261
553 2
464 0
530 1
434 5
39 9
37 5
45 3
35 8
39 6
34 8
40 6
30 4
43 1
39 7
45 5
47 5
45 1
45.3
48 9
36 5
44 6
29 6
47 7
35! 4
47 6
44.7
'45 4
36.5
41 4
34.6
.069
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
Consumption in end products
do
Stocks (factory and warehouse) , end of period
mil Ib
Tallow and grease (except wool) , inedible:
Production (Quantities rendered)
do
Consumption in end products
do
Stocks (factory and warehouse) , end of period
mil Ib
Fish and marine mammal oils:
Production
do
Consumption in end products
do
Stocks (factory and warehouse) , end of period
mil
r
IK
41 7
31 1
35 0
34 9
29 8
27 6
23 9
21 5
22 6
26 0
31 1
36 8
36 6
'40 8
40.9
4 565 7
2 301. 4
4 302 5
2 158 0
350 7
172 5
351 0
179 6
352 2
181.6
325 1
149.5
343 9
195 0
368 7
187 7
355.8
184.5
364.7
190 1
376 4
179.2
366. 7
196.7
346.1
190. 5
'370.6
'208. 2
335.4
188.1
366 4
418 5
418 9
371 7
353 5
354 5
320 4
351 3
368 3
391 5
418 5
435 2
446 5
'440 2
413 9
190 2
79.8
9.9
6.5
22 3
.5
5.7
.5
5.4
.3
6.8
37.7
17.8
'7.0
'7.0
5.1
6.4
185 2
iifl n
19fi 4
148 1
168.1
158.8
' 137. 4
135. 1
180.2
80.9
12Q Q
!
Revised.
* Preliminary.
See note "O" for p. S-21.
O Cases of 30 dozen.
d" Bags of 132.276 Ib.
2
Less than 500 short tons.
40.1
40.6
6.4
ififi i
7.6
7.1
9.1
6.8
8.2
7.5
3.0
7.3
9fU 4
1Q9 1
177 R
901 4
185 3
§ Monthly data reflect cumulative revisions for prior periods.
9 Includes data not
shown separately; see also note "§".
A For data on lard, see p. S-28.
SURVEY OF CUKEENT BUSINESS
S-30
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
| 1965
Annual
June 1966
1965
Apr.
May
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products:
Coconut oil:
Production:
Crude
_ _
_ mil. Ib
Refined
.
do _ _
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period™
mil. lb_
Imports
do
Corn oil:
Production:
Crude
do
Refined
- do
Consumption in end products _
_ _ do
Stocks, crude and refined (factory and warehouse) , end of period mil. Ib
Cottonseed cake and meal:
Production
thous. sh. tons
Stocks (at oil mills) , end of period
do__ _
Cottonseed oil:
Production:
Crude
mil. Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
mil. Ib
Exports (crude and refined)
do
Price wholesale (drums; N.Y )
$ per Ib
Linseed oil:
Production crude (raw)
mil. Ib
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
mil Ib
Price, wholesale (Minneapolis)
$ per lb_.
Soybean cake and meal:
Production
thous. sh. tons
Stocks (at oil mills) , end of period
-- do _
Soybean oil:
Production:
Crude
mil. Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Exports (crude and refined).
do
Price, wholesale (refined; N.Y.)
$ per lb_.
327.6
506.0
765. 4
365.4
488. 1
723.5
27.5
40.8
60.3
32.5
47.1
63.7
23.5
42.1
63.2
24.9
25.6
44.5
30.6
41.4
63.2
19.7
35.6
59.6
28.7
42.3
60.8
38.2
39.9
57.1
36.8
38.5
60.3
27.6
47.8
65.6
154.0
397.1
154.4
383.6
169.7
47.3
181.3
38.8
156.0
22.7
137.8
0
123.5
7.1
114.9
24.8
106.8
34.4
127. 0
18.7
154.4
11.1
131.7
109.5
413.9
393.1
412.2
446.1
412.8
421.5
36.0
32.2
30.0
36.1
34.3
35.8
38.2
31.8
34.1
36.4
31.1
35.8
38.8
37.9
35.3
40.7
34.8
36.6
40.1
39.0
38.5
36.5
37.3
37.6
36.0
35.3
36.6
35.4
30.3
30.0
34.3
31.2
32.2
' 40. 5
34.7
31.7
38.2
38.9
31.9
40.1
26.1
41.5
38.4
39.6
39.3
38.5
35.4
32.0
28.6
26.1
30.3
29.6
34.8
42.5
2, 705. 7
126.8
2, 755. 5
80.9
222.7
220.7
181.9
238.5
126.1
207.6
98.9
168.5
71.9
110.8
191.0
77.7
297.9
91.0
338.4
96.1
332.8
80. 9
334.4
94.6
305.4 ' 287. 6
115.0 ' 156. 7
197.4
189.6
1, 932. 8
1, 600. 0
1, 410. 0
1,974.2
1, 668. 8
1, 471. 7
164.6
135. 5
110.8
135. 0
119.6
106.8
93.0
98.9
121. 5
72.6
92.1
105. 8
50.0
80.3
113. 0
132.7
95.3
133.4
212.1
149.0
145.9
236.5
176.5
130.1
230.9
193.5
130.0
232.6
181.4
131.0
214.7 ' 202. 4
166.4 ' 204. 2
125.4 ' 132. 0
139. 2
147.7
112. 2
506.3
603.5
.141
300.1
501.3
i .149
583.4
34.1
.164
560.0
26.9
.146
492.5
50.3
.138
420.6
41.5
.137
292.5
54.6
.135
236.2
30.6
.135
243.6
18.1
281.1
37.9
.155
300.1
48.8
.153
335.6
49.8
.164
366.3 r 396. 0
30.0
37.7
.168 '.171
508.6
10.8
v .178
443.6
377.2
410. 1
239. 4
28.5
20.5
22.3
22.3
31.3
23.4
15.7
21.5
37.2
21.0
48.7
20.4
45.9
18.8
33.5
17.1
40.9
16.3
37.5
17.3
185.5
.134
213.5
.134
212.3
.139
205.0
.139
198.2
.137
184.6
.134
180.7
.133
184.7
.128
188.2
'.128
199.9
.128
213.5
.127
216.9
. 128
10, 635. 2 11, 179. 1
74.6
102.6
882.0
194.0
944.1
239.5
856.2
205.3
846.4
163.7
856.5
133.9
697.2
74.2
999.7 1, 125. 6 1,135.2 1,163.8 1,042.7 '1,142.8 '1,010. 1 1, 165. 2
113.7 ' 121. 6 '115.4
152.5
74.6
97.2
104.3
105.0
4, 943. 8
4, 591. 8
4, 423. 6
5, 235. 5
4, 547. 3
4, 423. 3
415.9
367.1
340.8
448.0
373.5
368.3
406.0
390.9
397.5
403.2
340.2
362.6
408.2
375.8
373.8
329.5
357.6
385.3
474.8
353.2
366.2
510.1
423.2
399.9
519.8
445.2
429.1
533.2
468.6
453.5
478.4 ' 526. 3
416.5 ' 476. 4
415. 8 ' 466. 5
480.4
417. 3
406.1
544.2
1, 273. 2
.123
374.8
1, 026. 7
.134
578.4
91.7
.145
573.3
85.1
.129
522.1
78.2
.121
499.0
61.0
.121
423.0
99.3
.132
297.4
89.9
.138
373.0
28.5
.132
401.1
36.6
.137
374.8
168.7
.132
414. 8
44.6
.142
444.2 ' 485. 0
42.1
45.6
.144 '.136
522.8
33.2
p .139
42, 519
38, 749
35, 737
15, 163
' 5, 231
36, 116
16, 687
36, 137
14, 210
32, 554
16, 181
'5,323
50,425
15, 382
44, 051
13, 061
71, 273
14,937
' 5, 582
62, 288
11, 527
31.970
15, 245
29, 525
14, 495
' 5, 482
39,285
13, 523
23, 191
16, 413
14, 213
13,143
15, 141
12, 112
15, 032
14, 847
14,956
13, 666
11, 799
4,014
43, 483
633
13, 718
2,094
3,919
40, 841
714
13, 228
2,795
3,846
47, 063
659
14, 906
2,109
3,672
39, 727
607
12, 636
1,831
4,907
46, 647
697
14, 553
1,984
4,021
44, 084
658
14, 024
1,948
3,747
41,771
670
14, 505
1,920
3,694
43,446
696
12, 651
1,701
4,053
37, 720
445
9,958
2,290
4,088
39, 348
571
3,524
42, 985
525
4,577
47, 053
630
4,040
39, 582
571
1,515
2,019
2,190
2,414
9,655 12, 703
311
253
1 036 1 277
9,645
241
935
13, 782
295
1 236
15, 623
330
1 320
11, 797
183
927
TOBACCO
Leaf:
2
Production (crop estimate)
mil Ib r 2 2, 228 ' 1, 855
Stocks, dealers' and manufacturers' end of period t
5, 664 ' 5, 582
mil Ib
514, 514 468, 075
Exports incl scrap and stems
thous Ib
179, 651 243, 347
Imports incl scrap and stems
do
Manufactured:
180, 082 166, 617
Consumption (withdrawals):
Cigarettes (small):
45, 046
42, 643
Tax-exempt
millions
497, 446 511, 463
Taxable
do
7,577
8,106
Cigars (large), taxable
do
Manufactured tobacco, taxable
thous. lb__ 175, 808 160, 624
23, 052
25, 144
Exports cigarettes
millions
24.7
'52.5
'70.7
(d)
46.0
61.3
146.3 ' 176. 5
43.7
87.2
155.3
10.4
21.2
43.7
59.1
38.1
16.8
43.1
'21.3
41.9
20.0
225.6 ' 225. 9
.128
.128
246.9
p . 128
158.5
213.0
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
thous $
Calf and kip skins
thous skins
92, 693
2 391
106, 253
2 458
i q qi 1
10, 244
226
1 994.
11, 809
210
1 496
10, 023
218
1 219
9,720
186
1 147
8,131
190
928
7,737
190
841
10, 513
161
1 339
Imports:
Value total 9
81 879
80 263
9 330
7,353
thous $
Goat and kid skins
Prices, wholesale (f.o.b. shipping point):
do
Hides steer heavy native over 53 Ib
do
n
efl4.
on AKZ
12 882
qi oen
14, 411
A OCO
9 7QQ
1,893
1,409
6 298
1 825
1,430
7,664
3 763
820
5,545
1 999
1,282
6,772
2 607
1,225
6, 083
2 271
966
4,968
1 382
968
5,751
1 732
1,391
5,195
1 231
1,130
6,787
2 841
794
11, 052
5 548
1,142
9,500
4,541
856
550
139
525
134
coc
156
550
194
550
.174
575
.166
575
.159
625
.164
625
.174
700
.194
775
.174
p .675
P .184
A-IA
KA-I
eon
106
143
116
LEATHER
Production:
464
445
542
500
'528
468
464
532
574
496
397
6,535 ' 6, 263
506
Calf and whole kip.
_ .thous. skins. _
1,927 2, 149
1,965
2,022 '1,938 '1,987 ' 1, 569 ' 1, 982 ' 1, 958 ' 2, 038 ' 2, 071 '2,065
Cattle hide and side kip
thous. hides and kips_ _ 22, 834 '23, 436
1,423
1,255
1,434
1, 523
1,371
1,296
1,066
973
14, 557
1,162
1,317
1,071
12, 874
1,248
Goat and kid
- - -thous. skins.
2, 550
31, 548 '30,316 '2,515 ' 2, 656 ' 2, 647 ' 1, 922 ' 2, 763 ' 2, 600 ' 2, 511 ' 2, 756 ' 2, 697
Sheep and lamb
do_ _
Exports:
46, 496
Glove and garment leather
thous. sq. ft
fi G1 ft
fi Q7/1
5 741
6 346
7 164
6,804
5,207
4,836
6, 577
42, 582 p 69, 953
Upper and lining leather
do
Prices, wholesale:
'.940 p .900
.770
.750
.750
.765
.735
.700
.790
.710
.710
.662
.725
.710
Sole, bends, light, f.o.b. tannery
$ per lb__
Upper, chrome calf, B and C grades, f.o.b. tan1.300 ' 1. 293 p 1. 333
1.280
1.271
1.253
1.230
1.247
1.248
1.252
1.238
1.244
1.238
1.200
1.243
nery
_
$persq. ft__
d
3 Effective Jan. 1965. data are for all leather, except sole and rough; see note "O" for p. S-21.
' Revised.
p Preliminary.
Data withheld to avoid disclosure of operations of
JRevisions for 2d qtf. 1963-4th qtr. 1964 (mil. Ib.): 4,692; 4,791; 5,287; 5,355; 4,961; 5,069; 5,664.
individual
firms.
1
9 Includes data for items not shown separately.
Average
of
months
shown.
2
Crop estimate for the year.
SURVEY OF CURRENT BUSINESS
June 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
S-31
1966
1965
May
Apr.
Annual
June
Aug.
July
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers: J
612, 789 ••630,012 52, 365
Production, total
thous. pairs
Shoes, sandals, and play shoes, except athletic
thous. pairs. _ 516, 124 ••535,311 44, 837
79, 267 ' 85, 938
6,699
Slippers
_ _
- -- -- --do_ _
'6,712
7,116
629
Athletic
do
r
2, 351
Other footwear
do
10, 282
200
Exports
-
-
do _
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper Goodyear welt
1957-59=100
Women's oxfords, elk side upper, Goodyear
welt
1957-59=100-.
Women's pumps, low-medium quality. —do
49, 436
51, 145
46, 268
57, 105
53, 859
51, 760
50, 270 '52 673
52 718
41, 557
7,097
43, 084
7,241
39, 782
5,974
48, 184
8,185
44,358
8,714
41, 795
9,224
40, 969 '45,440
8,566 r 6 554
544
'506
46, 633
5 356
580
202
587
233
353
159
549
187
571
216
237
503
238
191
r 173
521
208
255
221
186
167
274
260
171
115
191
231
109 6
109 6
109 6
109 6
110 1
110 1
116 5 •
116 5
116 5
116 5
116 5
116 5
120 3
106.5
111.2
106.5
111.3
106. 5
111.2
106.5
112.8
106.5
112.4
106.5
112.4
109.7
117.3
109. 7
116.6
109 7
117.0
109 7
118.3
109 7
119.3
109 7
119.3
111 4
121.2
1, 912
i 2, 533
247
105.9
111 0
106.5
111.0
107.3
113. 0
285
LUMBER AND PRODUCTS
LUMBER—ALL TYPES
National Forest Products Association: cf
Production, total
mil. bd. ft
Hardwoods
.
.._ _
do. _
Softwoods
do
Shipments, total
Hardwoods
Softwoods
_ _
_ _
Stocks (gross) , mill, end of period, total
Hardwoods
Softwoods
_
_
.
Exports, total sawmill products
Imports, total sawmill products
35 408
5 891
29 517
36 158
6 129
30 029
2 981
3 262
3 349
3 128
2 970
2 927
2 691
2 909
3 410
2 710
o 040
2 539
652
3 211
2 451
553
2 447
3 111
'539
2 572
2 969
2 511
2 431
2 423
2 215
2 356
2 758
2 551
35 587
6 290
29 297
36 680
6 465
30 215
3 088
3 11?
3 299
3 193
3 316
3 208
3 163
2 888
2 912
2 860
3 040
3 472
3 462
2 560
2 555
2 690
2 Q7g
2 768
2 671
2 595
2 333
2 416
2 353
2 365
2 787
2 773
do
do
do. _
6 434
1 536
4 898
5 728
1 151
4 577
6 106
1 ?50
4 856
5 974
1 224
4 750
5 864
1 294
4 640
5 645
1 226
4 419
5 566
1 229
4 337
5 698
1 196
4 502
5 676
1 161
4 515
5 733
1 147
4 586
5 728
1 151
4 577
5 618
1 120
4 498
5 526
1 061
4 465
5 492
1 061
4 431
5 323
1 055
4 268
_ do
do_ .
957
5 240
i 962
5 163
76
394
81
411
70
532
86
500
85
513
77
449
87
429
67
412
131
444
70
345
77
415
74
514
99
462
8 916
9 289
814
684
782
682
814
624
838
673
773
654
719
550
739
518
752
523
848
620
723
738
691
728
1 038
817
906
820
806
742
785
804
872
772
771
777
747
758
752
732
840
751
701
843
843
1 172
1 104
1 021
788
792
998
832
823
1 215
712
788
1 007
1 043
1 073
1 079
1 063
1 113
1 113
1,084
32
11
21
35
11
24
28
7
21
38
15
23
32
7
25
34
9
25
40
12
29
26
5
22
87
6
80
31
10
21
27
11
15
32
9
23
46
11
35
..do
do
do
SOFTWOOD
Douglas fir:
Orders, new
..mil. bd. ft._
Orders, unfilled, end of period . _ _ .-..do .
607
620
Production
. do
Shipments
_ _ __ _ .. .do
Stocks (gross) , mill, end of period
.do __
8 967
8 845
1 075
9 256
9 277
1 079
Exports, total sawmill products.
do
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$per M bd. ft_.
Flooring, C and better, F. G., I" x 4", R. L.
I p e r M b d . ft..
Southern pine:
Orders new
mil bd ft
Orders, unfilled, end of period
do
369
136
233
i 445
Production
_ __
__do
Shipments
do
Stocks (gross) , mill and concentration yards, end
of period
mil bd ft
Exports, total sawmill products
M bd ft
Sawed timber
do
Boards, planks, scantlings, etc
do _
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6",, R. L.
1957-59—100
Flooring, B and better, F. G., 1" x 4", S. L.
1957-59—100
Western pine:
Orders new
mil bd ft
Orders, unfilled end of period
do
Production
do
Shipments _
_
_ _
do
Stocks (gross) , mill, end of period
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12" R L (6' and over)
$ per M bd ft
470
528
i in
i 334
2 980
533
557
539
518
515
559
548
507
537
539
568
539
550
504
496
476
507
675
685
923
660
689
782
835
81 14
82 16
81 69
81.22
80 01
80.84
83 34
83.46
82 27
82 14
82 25
83.56
83.69
' 88. 16 v 92. 65
153 07
156 85
158 19
158 19
157 10
157 10
155 79
155 79
155 79
15643
156 44
157. 63
158 64
••161.61 p 166.84
6 346
6 864
366
582
381
618
380
579
374
605
387
615
388
591
373
572
367
534
349
542
366
564
418
508
420
761
503
578
469
6 504
6 779
560
572
519
589
540
585
562
592
543
614
582
606
548
578
541
552
545
525
504
512
507
506
625
678
568
612
1 362
1 087
102 684 HOO 581
11 709
90, 975
1 348
10 932
1 278
12 380
1 233
9 126
1 203
8 136
1 132
8 762
1 108
6 212
1 078
8 694
1 067
9 466
1 087
7 451
1 079
10 106
1 080
7 885
1 027
11,244
6, 927
281
6 346
6 321
983
92 7
94 3
92 3
92 0
92 5
93 4
95 0
96 0
96 2
98 0
98 7
99 8
101 2
r 102. 2
106.2
95 3
97 1
96 0
96 0
96 3
96 8
97 3
98 2
98 8
99 1
100 1
100 8
102 5
102.7
108.2
10 565
11 057
906
505
947
532
1 064
1 025
935
507
943
491
774
456
995
535
940
627
875
596
1 096
535
889
511
973
682
10 579
10 449
1 809
10 875
10 951
1 732
917
839
809
1 641
1 005
1 553
969
959
1 624
1 068
1 055
1 566
1 124
1 613
1 736
1 746
1,776
1,732
1,671
1,579
65 49
67 42
70 70
70 33
68 28
66 65
66 34
67 53
- 67 07
65 55
63 91
63.45
65 83
O1 Q
31 2
11 1
29 0
30.2
31
11 8
26
2 4
19
11 4
2 2
2 6
11 4
2 6
2 6
11 1
2 9
11 8
2 o
11 1
30
12 0
13 1
32
14 1
2.0
2.1
2.6
2.4
2.3
2.2
31
28
31
31
34
35
1.9
2.3
3.0
64 0
69 2
64.6
66 4
34.9
62 0
69 8
63.9
61 4
35.8
64.2
64 3
65.9
65.0
35.4
78.0
80 5
61.4
61.7
35.0
60.7
85 3
57.0
56.0
34.4
77.2
91 6
65.5
66.1
31.7
59.0
89.3
60.6
63.5
30.5
463
848
901
923
912
938
921
590
526
954
872
916
708
769
815
907
730
982
962
1,599
910
1,021
1,488
' 68. 19 v 71. 48
HARDWOOD FLOORING
Maple, beech, and birch:
Orders new
Orders unfilled end of period
Production
_ _
Shipments..
Stocks (gross) mill end of oeriod
Oak:
'
'
Orders, new
mil bd ft
do
do
do
do
do
m
l
28 5
31 2
4. fl
819 6
OK p.
Production
Shipments
Stocks (gross) , mill end of period
T
1
Revised.
» Preliminary.
See note "O" for p. S-21.
do
do
do
842 2
824 2
54 5
818
64
778
783
35
4
3
7
3
4
0 A.
K
fl
71 2
M
e
64 9
66 2
56 7
9 4.
H e
2 5
2 6
A
Q
72 2
fil Q
61 7
69 6
51 8
O 1
•> A
11 8
2 9
11 9
2 4
30
32
A, 4
q o
69 5
73 2
cc 9
Pf)
65 1
70 0
46 7
63 5
67 2
42 9
9
2.9
3 1
83
70
68
72
37
3
0
9
5
7
2.7
30
71
70
70
71
37
6
2
7
4
0
2.3
2.5
9 6
2.1
1.7
2.3
2.4
3.9
15.8
I Revisions for Jan.-Oct. 1964 are shown in Bu. of the Census report M31A(64)-13.
(/'Formerly National Lumber Manufacturers Association.
May
SURVEY OF CURKENT BUSINESS
S-32
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1966
1965
Apr.
Annual
June 1966
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
_ _ _ thous. sh. tons
Scrap
do
Pig iron
do
3,435
7, 881
176
1
2, 496
16,170
128
230
597
5
200
623
2
177
472
1
188
711
1
195
561
2
204
550
2
254
334
1
218
509
1
274
417
6
347
1
Imports:
Steel mill products
Scrap
Pig iron
6,440
299
751
10,383
235
916
908
21
68
1,014
17
99
1,192
28
80
1,094
17
67
1,061
22
96
786
15
114
892
18
101
939
20
96
671
24
106
84,093
52, 262
31, 831
84, 626
7, 413
90, 534
55, 214
35, 320
90, 360
7,638
8,300
5,002
3,298
8,248
6,960
8,111
4,890
3,221
8,043
7,027
8, 083
4,863
3,220
8,021
7,066
7,569
4,728
2,840
7,582
7,051
7,608
4,731
2, 877
7,515
7,184
7, 034
4,434
2,600
7,009
7,213
6,957
4,199
2,758
6,741
7,432
6,566
3,835
2,732
6,498
7,502
7,109
4, 153
2,956
7,001
7, 638
32.77
34.70
33.36
35.00
35.52
37.50
35.66
38. 50
33.88
35.00
33.84
35. 00
32.73
35.00
30.67
31.00
29.30
32.00
29.58
31. 50
Iron ore (operations in all U.S. districts):
Mine production
thous Ig tons
Shipments from mines
do
Imports
- do
3 84, 836
3 85, 184
42,417
87, 420
85,801
45, 105
5,469
4,622
3,489
9,144
10, 913
4,120
10, 102
11,333
5,106
10, 508
12,481
4,505
10,851
11, 699
5,128
10,282
10,366
3,894
8,892
9,955
4, 093'
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports
do
Stocks total end of period
do
At mines
do
At furnace yards
do
At U S docks
do
118, 325
122, 197
6,963
71, 677
10, 752
57, 184
3,741
121,964
125, 143
17,085
68,781
12, 290
53,997
2,494
7,081
11, 162
516
52,569
18, 393
32, 342
1,834
14, 082
11, 682
929
53, 079
16, 624
34,750
1,705
15,256
11,083
950
55, 909
15, 392
38, 923
1,594
15, 929
11, 133
1,037
58, 931
13, 420
43, 710
1,801
15, 367
10, 897
1,033
62, 675
12, 572
48, 181
1,922
13, 224
9,764
544
66,357
12,486
51,641
2, 230
1,032
1,272
122
97
109
74
115
88,173
88,945
7,951
8,030
8,195
8,165
7,849
7,864
7,780
7,836
do
do
do
158
419
159
342
2
143
440
1
668
21
38
538
15
62
776
91
32
714
146
88
31.25
33.00
32.36
33.50
32.89
36.00
4,543
6,294
4,131
4,164
2, 643
3,123
4,712
1,882
1,898
4,497
1,751
1,489
5,038
2,057
2,219
12,929
8,976
778
69,466
11,424
55,594
2,448
10,050
8,213
331
70, 718
10, 732
57,430
2,556
5,266
8,699
437
68,781
12, 290
53, 997
2,494
3,069
9,595
275
65, 170
15, 120
47,562
2,488
3,232
9,499
396
61,466
17, 866
41, 295
2,305
3,976
11, 127
408
56, 881
20,847
34, 144
1,890
32, 088
1,744
105
125
98
154
117
92
76
83
7,661
7,762
6,690
6,794
6,310
6,378
5,880
5,930
6,327
6,502
6,910
6,834
7,937
7,853
62.75
62.75
63. 00 p 63. 00
63.50 P 63. 50
175
(2)
Iron and Steel Scrap
Scrap for consumption, total
thous sh tons
Home scrap produced
do
Purchased scrap received (net)
do
Consumption total
do
Stocks, consumers', end of period
___•
do
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig ton
Pittsburgh district
do
r 33. 32 v 30. 01
36. 50 "33.50
Ore
Manganese (mn content) general imports
do
3,432
8,841
10, 897
593
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons__ 85,601
86, 382
Consumption
do
Stocks (consumers' and suppliers'), end of period
thous sh tons
2,461
Prices:
Composite— -----_$perlg. ton__ 62.75
Basic (furnace)
do
63.00
Foundry No 2 Northern
do
63. 50
Castings, gray iron:
Orders, unfilled, for sale, end of period
855
14, 316
Shipments total
do
For sale
do
8,129
Castings^ malleable iron:
Orders, unfilled, for sale, end of period
122
1,001
Shipments total
do
589
For sale
do
2,329
2,300
2,402
2,508
2,505
2, 416
2, 446
2,460
2, 450
2,329
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63. 50
62.75
63. 00
63. 50
62. 75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63,50
62.75
63.00
63. 50
882
15,713
9,173
940
1, 404
816
960
1,376
822
••917
1,454
869
925
1,282
771
892
1,302
815
881
1,322
777
876
1,273
732
842
1,178
689
882
1,255
696
916
1,227
661
' 977
' 1, 229
174
1,136
648
139
100
56
152
96
53
••144
105
60
165
81
44
171
81
50
176
90
54
172
95
54
174
93
52
174
101
59
11, 966
149.9
12, 012
145.6
11, 593
145.2
11, 551
140.0
11,324
137.3
9,949
124.6
9, 296
112.7
8,822
110.5
362
173
137
355
164
131
357
178
143
368
134
105
389
152
120
393
171
138
404
160
128
484
173
135
512
162
127
510
172
134
544
152
114
568
154
114
569
172
134
'671
967
1, 470
818
176
98
56
174
97
55
187
112
68
9,627
116.7
10, 577
128. 2
10, 249
137.5
12, 083
146.5
428
157
128
436
175
145
443
175
145
••452
r 168
'137
521
200
165
573
178
139
580
187
145
589
190
148
Steel, Crude, Semifinished, and Finished
Steel ingots and steel for castings:
Production
thous. sh. tons
127, 076 3131, 462
135.3
Index __
_ _ -daily average 1957-59=100
130.5
Steel castings:
Orders, unfilled, for sale, end of period
436
337
thous. sh. tons__
1,962
1,835
Shipments, total
do
1,569
1, 471
For sale total
do
Steel forgings (for sale) :
589
Orders unfilled end of period
do
459
2,027
31,734
1,578
31, 334
Closed die (drop upset press)
do
Steel products, net shipments:
Total (all grades)
Semifinished products
Structural shapes (heavy) steel piling
Plates
Rails and accessories
do
do
do
do
do
Bars and tool steel, total
do
Bars: Hot rolled (incl. light shapes)
do
Reinforcing
do
Cold
finished
do
Pipe and tubing
do
Wire and wire products
do
Tin mill products
_
__• - _ _ _ d o
Sheets and strip (incl. electrical), total. _ _ do
Sheets* Hot rolled
do
Cold rolled
do
Steel mill products, inventories, end of period:
Consumers' (manufacturers only)__mil. sh. tons__
Receipts during period
'__
_do
Consumption during period
_ do
Service centers (warehouses)
do
Producing mills:
In process (ingots, semifinished, etc.)
do
Finished (sheets, plates, bars, pipe, etc.) _do _ _ _
84, 945
4, 229
6,085
8,491
1, 395
92, 666
4, 528
6, 798
9,764
1,523
10, 101
489
648
881
166
7,874
395
569
811
148
7,887
394
577
808
132
7,699
379
590
833
101
8,634
403
606
856
101
6,698
333
516
827
96
6, 237
265
523
833
99
6,200
323
512
777
111
6,061
313
529
698
143
6,602
335
536
675
146
6, 734
301
490
684
140
8,282
349
609
838
165
8,174
324
600
819
155
13, 199
8,401
3,229
1,467
8,137
3,105
6,083
34, 222
9,948
15, 699
14.488
9.344
3, 150
1,877
8.689
3,484
6, 659
36, 733
10,630
16, 571
1,534
1,041
279
203
1,040
420
1, 026
3,896
1,182
1,747
1,266
827
285
145
778
306
317
3,286
960
1,489
1,282
814
305
152
734
298
419
3, 244
942
1,485
1,211
767
298
138
744
268
521
3,052
893
1,409
1,328
836
315
167
877
323
733
3,406
1,009
1, 538
1, 083
644
291
139
588
248
275
2,733
797
1,178
1,036
626
264
137
566
228
360
2,327
662
985
972
592
237
132
534
226
631
2,116
600
880
964
587
233
134
592
240
302
2,280
656
997
1,013
649
207
147
604
256
382
2,655
751
1,243
1,041
681
208
143
712
239
390
2, 737
790
1,263
1,284
818
281
173
887
318
527
3,305
948
1,513
1,279
797
297
175
874
327
535
3,260
919
1,494
11.2
62.4
60.5
4.1
12.9
68.7
67.0
4.5
15.1
7.4
6.0
4.2
15.5
6.2
5.8
4.2
15.8
6.2
5.9
4.2
16.3
5.5
5.0
4.4
17.2
6.0
5.1
4.6
17.0
5.2
5.4
4.6
15.6
4.2
5.6
4.6
14.3
4.4
5.7
4.5
12.9
4.4
5.8
4.5
12.0
4.9
5.8
4.6
11.3
4.9
5.6
'10.9
'5.9
'6.3
10.8
5.8
5.9
8.4
7.5
8.2
7.0
naQ7
8.2
7.3
nc*37
8.3
7.4
n«Q7
8.3
7.3
nsss
9.1
f!S2Q
9.5
8.1
0839
'9.2
8.3
.0839
9.1
8.2
.0839
9.1
8.7
neQ7
8.5
7.9
noo7
7.8
6.7
nQQ7
8.1
7.1
ftC97
8.2
7.3
ACQ7
2
'Revised.
* Preliminary.
1 See note "O" for p. S-21.
Less than 500 tons.
Revised total; monthly revisions are not available.
^Beginning Jan. 1964, the composite reflects substantial changes in products and weights
used and is not comparable with earlier periods. The new composite price is based on AISI
3
11, 569
144.9
f\CQ7
8.5
7.9
7.8
n«3Q
12, 187
147.7
net shipments of carbon steel and is the average price of all finished carbon steel products
(except rails and wire products) weighted by tonnage. Prices used are base prices at Pittsburgh; the average includes an additional 25% for "extra" charges but does not include freight.
June 1966
S-33
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1066
1965
Annual
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
456
345
3,273
3 347
2, 017
2, 514
Apr.
May
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders, new (net) _ _
Shipments._
___.
Backlog, end of period
327
411
415
365
3 072
325
413
3 279
3 245
3 268
3 176
3,179
3 177
3,199
3 151
423
339
3,222
1 372
2 200
1 280
2 057
1 251
2,171
1 264
2,001
1 300
2,126
1,323
2,045
1,273
1, 975
1, 298
1,920
1 226
1,994
1,930
4, 928
472
372
421
458
538
497
406
393
333
'333
338
2, 754. 5
726.0
226.6
62.0
237.0
63.0
227.6
66.0
235.1
57.0
234.9
62.0
218.7
56 0
237. 2
62.0
236.5
62.0
245.0
62.0
247.3
59.0
223.5
58.0
249.0
527.3
65.4
* 203. 6
41.7
51.1
51.4
39.6
5.6
5.1
45.6
42.8
41.6
55.3
25 2
51.9
4.6
65.6
5.0
13 1
18 3
16 7
19.0
15.7
17.6
13.2
14.5
18 1
19 0
12.8
57.7
12.1
17 4
64 8
.2451
75 9
.2450
63 4
.2450
79 4
.2450
83 0
.2450
81 1
.2450
71 0
.2450
76 8
.2450
75 0
.2457
64 8
.2450
78 3
.2450
71.8
.2450
64 8
.2450
8, 022.3
5, 706.7
2, 649.7
1, 409.0
726., 3
531 1
275 4
122 2
785 1
535 8
270.1
115 0
713 9
517 6
248 0
121 7
599 0
436 9
201.4
96 6
648 4
456 2
200.7
103 1
636 9
461.1
201.0
117 2
636 2
461 6
191.4
117 5
665 6
465 9
195.4
124 2
684 4
499.1
224.6
125.4
638 6
••489 6
219.0
715. 4
512.1
236.5
807 4
589 5
267.8
117 1
150. 0
109 5
40 5
35 5
119 1
144.6
116 6
28.0
37 9
116 8
147.8
110 2
37.5
35 3
105.8
143.8
116.1
27.7
34 4
109 4
139.4
113 0
26. 4
33 4
107.9
133. 1
101.1
32.0
36 6
115.1
143.5
107.4
36.1
40.9
109.0
137.6
106.6
31.0
36 7
109.8
144. 0
114.3
29. 8
40 7
118.2
127 7
99 8
27 9
37 8
thous. sh. tons
__ __'
do_ _
do
4 500
4,241
2 712
4 868
4, 321
3 151
Barrels and drums, steel, heavy types (for sale) :
Orders, unfilled, end of period
thous
Shipments
_
_
do
Cans (tinplate), shipments (metal consumed),
total for sale and own use
thous. sh. tons
1 154
24, 312
1 226
24, 132
4
4 737
r
439
351
570
318
458
363
337
329
341
413
438
383
r
538
440
504
407
3 382
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons_ 2, 552. 7
Recovery from scrap (aluminum content).. do _ __
657.0
Imports (general):
Metal and alloys, crude. _
do _
392.4
Plates, sheets, etc. _ _
_
do_
49.7
Exports, metal and alloys, crude
do
208.6
Stocks, primary (at reduction plants), end of
period
thous sh tons
Price, primary ingot, 99.5% min
____$perlb__
Aluminum shipments:
Ingot and mill products (net)
Mill products, total
Plate and sheet (excl. foil)
Castings
mil. Ib
do
do
do
Copper:
Production:
Mine, recoverable copper
thous. sh. tons
Refinery, primary
_ ___ _ d o
From domestic ores
do
From foreign ores
_
_ _ do_ .
Secondary, recovered as refined
do
Imports (general):
Refined/ unrefined, scrap (copper cont.)__do
Refined
do
Exports:
Refined and scrap
do
Refined
..
do
Consumption, refined (by mills, etc.) _ _do_ _
r
96 9
.2372
7 060 0
4 831 4
2,273 9
2
1 253 7
r
r
r
1 246.8 1,354.7
1, 656. 4 1,711.8
1 259 9 1 335. 7
376.1
396 5
429 4
332 4
6.8
4.9
6.9
7.0
9.4
8.3
7.3
r
107.1 «• 123. 7
127.2
148.6
101. 7
120 4
25.6
28.2
29.6
42 3
584. 8
137 7
523.8
137. 4
65.7
10 8
31.1
97
58.4
12 9
29.9
90
36.7
9 5
39.0
11.4
55.4
18.3
63.8
16.4
36.3
11.8
35.0
11 6
41.1
430 6
316 2
1, 859. 2
i 422. 1
i 325. 0
2, 042. 6
43 2
34 7
164. 9
43 6
36 5
171.1
29 3
18 9
187.8
30 7
23 0
124.5
33 3
26.0
178.0
29 0
22.0
183.2
32.2
26.3
178.2
32.5
25.5
165.8
30.5
22.1
176.7
25 7
20 4
189 6
27.4
18.4
197.4
149 6
110 0
.3196
161. 3
112 9
.3502
126 6
79 3
.3360
112 3
76 7
.3545
118 7
79 2
.3560
162 3
118 5
. 3560
148. 1
111 2
.3560
132.8
93.3
.3560
130.8
90 6
.3568
128.6
84 9
.3641
161. 3
112 9
.3586
178 3
114 5
.3613
Copper-base mill and foundry products, shipments
(quarterly total) :
Copper mill (brass mill) products
mil. Ib
Copper wire mill products (copper cont.) do
Brass and bronze foundry products
do
2 787
1*992
1 063
2 974
2,177
1,075
Lead:
Production:
Mine recoverable lead
thous. sh tons
Recovered from scrap (lead cont.)
do
286 0
541 6
293.0
554.0
26 1
46 2
22 0
46 7
22 4
48 1
22 6
40 5
25 5
42 4
25 7
48.0
25 5
48.4
24 7
45 8
24 6
46.3
334 2
1,202 1
344.4
1,221.2
21 7
99.4
18 7
99.4
25 8
102.6
37 1
86.1
32.3
103.1
24.2
105.3
37.7
111.2
25.1
108.5
Stocks, refined, end of period
Fabricators'
Price, bars, electrolytic (N.Y.)
do
do
$perlb__
Imports (general), ore (lead cont.), metal do
Consumption, total
.
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content) ABMS
thous. sh. tons
Refiners' (primary), refined and antimonial
(lead content)
thous. sh. tons
Consumers' cf
- do
Scrap (lead-base, purchased), all smelters
thous sh tons
Price, common grade (N.Y.)
_ _ _ $ perlb__
Tin:
Imports (for consumption) :
Ore (tin content)
Bars, pigs, etc
Recovery from scrap, total (tin cont )
As metal
Consumption pig total
Primary
Ig tons
do
do
do
do
do
Exports incl reexports (metal)
do
Stocks, pig (industrial) , end of period §
do
Price, pig, Straits (N.Y.), prompt.
.$perlb_Zinc: A
Mine production, recoverable zinc
thous sh
Imports (general):
Ores (zinc content)
Metal (slab blocks)
Consumption (recoverable zinc content):
Ores
Scrap, all tvDes--. __ _ _ _ _
9.9
10 7
.2450
45.2
13 1
43.0
10 0
45 7
38 0
219 5
35 3
30.9
P202.7
204.8
132.8
.3604
205 7
132 5
.3612
v 183. 8
pl24 3
.3615
24 9
46.8
'23.6
44.7
29.0
50.8
34 3
101.9
30 3
103. 3
30.0
99.3
39.9
112.5
27.5
113 1
9.8
5
r
596
277
106.8
93 0
86 9
90 2
93 9
99 8
105 3
104.7
101.6
106 8
107 2
109.1
114.6
25.9
103.2
27 8
100.4
27 2
107.1
29 3
110.8
31 0
118.5
26 3
106.2
24 3
95.5
25.0
92.2
25 7
98.9
25.9
103.2
26 2
101.3
25.8
99.3
105.9
71 5
.1360
48.1
.1600
65 7
.1600
63 4
.1600
62 5
.1600
63 1
.1600
59 4
.1600
53.8
.1600
52.2
.1600
51 1
.1600
48 1
.1600
49 0
.1600
52.3
.1600
47.1
. 1600
. 1600
4 326
40 814
23 580
3, 155
376
2 908
2 000
492
3 207
1 925
322
3 073
2 210
40
2 648
1 790
219
2 061
1 815
37
4,015
1 885
280
3 499
1 995
29
4,363
7 010
5 080
7 610
5 420
6 755
5' 005
7 075
5 135
5 990
3 995
317
4,070
2,050
270
6, 470
4, 555
0
2,001
7 485
5 440
19
4,348
1 955
270
6 280
4 185
669
7 735
1 990
' 84 Oil
792
2,552
1 990
250
6 205
3,960
1.3 064
611
* 27 656 24 260
1. 7817 1. 8067
83
173
142
226
364
149
131
116
290
782
24 215
1.9195
23 183
1. 8894
23 587
1. 8412
22 985
1. 8696
24 350
1. 9190
25, 315
1.8532
26 385
1. 7676
27, 245 27, 130
1. 7810 1. 7398
1.7424
(3)
4
4 041
24 343
1. 5772
r
58, 550
250
240
310
230
255
265
345
6 170
3,930
r
148
r
300
r
T
6 495
4 435
303
27, 656
1. 7423
27, 180
1. 7875
r
r
.1514
7,775
5,480
tons
574 9
610 1
53 4
49 0
52 1
48 3
50 7
51 5
51 3
49 9
49 2
48 6
48 7
53.8
51.1
do
do
357 1
118 3
429 4
153 0
25 9
18 3
32 9
9 4
32 3
37
38 9
21 1
36 1
10 7
36 2
27
34 8
20 7
42 2
14.0
42 1
17 8
35 0
22 0
32 9
18.9
39.5
21.6
35 3
14.0
4 105 9
4
222. 5
113 6
219^2
10 2
17. 6
9 7
18.9
89
19.1
88
18.6
86
18.5
86
18.4
10 4
18.6
10 4
19.1
10 3
19.2
10 4
18.9
96
18.6
10 4
19.0
do
do__
.3603
753
524
249
98 4
31 584
23 508
3 334
r 82 890
r
58 586
.2450
121.2
137.9
111 8
26.1
43 5
38 1
113. 4
2
•• Revised.
» Preliminary.
1 See note "O" for p. S-21.
Monthly data (1962-64),
revised to the 1962 complete canvass of nonferrous
producers, are available; estimates
3
beginning 1965 reflect
the
revised
benchmark.
Data
for
Sept.
1963-Apr.
1964 are in terms
4
5
of gross weight.
Revised total; monthly revisions are not available.
Beginning Jan.
1966, total includes copper (totaling 10,900 tons end of Jan. 1966) held by nonconsumers, etc.,
716
799
544
274
54 5
1. 6928
not previously covered.
cf Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper-base
scrap.
§ Stocks reflect surplus tin made available to industry by QSA.
A Beginning
Aug. 1964, data reflect sales to the industry of metal released from the Government stockpile.
SUEVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
June 1966
1966
1965
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar,
79.9
5.7
116.1
.1
85. 4
6.2
127.0
.1
Apr.
May
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— C ontinued
Slab zinc: A
Production (primary smelter), from domestic
and foreign ores
thous. sh. tons
i 954. 1
Secondary (redistilled) production
do
171.6
Consumption, fabricators'
do
11,207.3
Exports
do
26.5
Stocks, end of period:
31.2
Producers', at smelter (AZI)c?1
do
107.5
Consumers'
do
Price, prime Western (East St. Louis) - $ per lb—
.1357
1,005.2
73.1
1,343.8
5.9
82.8
6.5
109.8
1.2
86.9
6.8
113. 3
.4
82.6
6.5
115.5
.3
85.1
5.4
96.9
.5
84.9
6.4
113.9
.4
84.0
5.3
117.0
.2
87.5
6.0
117.8
.2
84.2
6.0
116.5
89.1
5.2
113.2
.8
89.9
6.0
112.5
30.1
145.4
.1450
20.2
77.6
' . 1450
25.2
102.4
.1450
23.3
102.3
.1450
26.9
110.6
.1450
29.2
128.2
.1450
27.3
129.3
.1450
30.3
130.8
.1450
27.2
124.5
.1450
30.1
145.4
.1450
32.2
29.7
158.1 ' 156. 0
.1450
.1450
10.5
113.2
9.2
115.3
.7
8.0
.5
6.4
.7
8.4
.6
11.4
1.0
11.6
1.0
13.1
.9
12.4
.9
11.0
.7
9.0
.8
8.7
.7
7.1
.6
7.7
568.0
42.6
585.5
35.7
39. 8
51.6
42.1
48.6
46.3
47.9
43.4
44.6
58.8
41.2
64.8
36.1
68.4
35.9
53.7
32.8
40.2
35.7
45.1
35.4
'42.1
'36.7
46.7
42.3
2, 170. 6
342.6
2, 244. 5
304.8
179.5
25.4
170.0
25.6
199.2
31.4
153.9
19.7
191.5
27.1
226.6
31.7
212.7
26.1
190.0
22.1
196.5
23.9
162.5
18.2
180.7
19.6
227.2
23.6
1, 810. 8
1,227.2
1,647.2
1, 107. 9
94.0
56.2
82.3
57.3
110.3
77.5
158.8
106.4
186.5
120. 3
227.6
141.8
259.0
185.5
144.1
105.6
82.9
57.3
61.1
44.6
'82.6
'47.8
88.3
52.7
1, 426. 0
1, 162. 1
2, 680. 1
1,389.4
1, 127. 5
2, 616. 4
87.3
72.5
215.9
97.4
82.3
192.1
107.3
88.7
205.0
116.6
96.0
214.0
140.4
112.2
206.2
174.4
136.1
226.4
169.0
132.5
234.2
118.6
95.3
208.2
111.2
91.8
246.7
89.5
72.6
225.3
'86.3
'71.3
207.4
88.5
73.9
236.6
28.8
166.3
.1450
.1
33.2
39.9
.1450
.1450
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
Cast-iron
mil sq ft radiation
Nonferrous
do
Oil burners:
Shipments
thous
Stocks end of period
do
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers)
thous
Top burner sections (4-burner equiv) ship
do
Stoves domestic heating shipments total do
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments, total
thous
Gas
do
Water heaters gas shipments
do
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. :
Fans and blowers, new orders
_mil. $
Unit-heater group new orders
do
Foundry equipment (new), new orders, net
mo. avg. shipments 1957-59=100 •_
Furnaces (industrial) and ovens, etc., new orders
(domestic), net
_
_ mil. $__
Electric processing
_
_ _ _ _ _ _do_ _
Fuel-fired (exc for hot rolling steel)
do
182.3
74.9
208.6
66.9
218.6
322.5
374.1
192.9
274.6
280.6
387.0
316.9
295.0
339.5
371. 8
267.2
198. 2
274.0
244.6
114.9
13.7
57.5
152.8
21.6
75.2
9.4
11.3
9.7
18.3
10.5
4.6
5.3
5.1
6.7
6.0
12.6
2.0
7.2
11.4
1.3
6.8
13.8
2.0
7.7
14.2
2.6
7.9
16.3
1.6
'10.7
13.7
1.8
6.1
16.1
1.7
9.9
25.6
3.5
16.4
Material handling equipment (industrial) :
Orders (new), index, seas, adj 0
1957-59=100Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines) shipments
number
152. 0
186.3
172.6
170. 3
191.2
171.4
192. 6
183.0
211.0
205.6
231. 8
209.7
210.1
6, 891
7,129
8, 202
9,994
540
663
557
820
765
848
742
842
558
695
745
899
810
1,015
837
983
883
1,228
722
965
749
776
920
1,087
907
932
36, 171
41,746
2,604
3,242
3,625
3,497
3,378
3,729
3,910
4,144
4,052
3,531
3,619
4,159
3,980
Machine tools:
Metal cutting tools:
Orders new (net), total
Domestic
Shipments total
Domestic
Estimated backlog, end of period
mil. $
do
do
do
months—
976. 50 1, 176. 00
808. 90 1, 054. 40
958.60
791. 80
830. 55
636. 75
7.6
6.3
96.05
85.70
77.75
68.20
6.6
74.75
67.10
82.45
71.75
6.4
93.65
87.10
83.75
71.15
6.5
95.60
84.75
69. 45
60.70
6.8
106.80
95. 40
57.55
50.10
7.3
99.85
87.00
80.80
70.90
7.6
99.25
93.00
91.05
75.60
7.6
110. 50
100. 25
77.95
67.25
7.7
128. 50
116. 50
109. 10
98.15
7.6
126. 50
115. 50
79.30
70.20
8.2
135. 45
121. 10
83.00
73.55
8.7
'155. 85
'137. 45
'105. 05
' 94. 25
'9.1
133.75
117. 75
84.30
76.60
9.6
mil. $
do
do
do
months. _
388. 70
353. 30
228. 20
200. 85
10.9
319. 30
297. 75
287. 85
259. 80
9.9
20.15
17.75
21.25
19.40
9.5
24.05
22.55
27.90
24.80
9.0
40.85
39. 70
26.00
23.55
9.4
26.70
26.05
20.20
17.75
9.4
24.55
22.95
20.35
18.85
9.7
25.60
24.00
21.20
18.95
9.8
35. 20
33.45
24.30
21.90
10.3
27. 15
25.05
22.95
19.55
10.4
27.60
23.95
30.30
27.55
9.9
29.75
26.10
23.35
22.25
10.0
30. 50
29.40
28.70
26.15
10.2
'31.25
' 28. 65
' 30. 45
' 28. 75
'10.0
2
238.6
246.7
Metal forming tools:
Orders new (net), total
Domestic
Shipments total
Domestic
Estimated backlog, end of period-
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types), total 9
mil. $__
Tractors tracklaying total
do
Tractors, wheel (con off-highway)
do
Tractor shovel loaders (integral units only),
wheel and tracklaying types
mil $
Tractors, wheel (excl. garden and contractors'
off-highway types)
mil $
Farm machines and equipment (selected types),
excl. tractors
_
mil. $
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), s hi pmentst— thous _ _
Household electrical appliances:
Ranges (incl built-ins) sales total
do
Refrigerators and home freezers, output
1957-59=100Vacuum cleaners sales billed
thous
W^ashers sales (dom and export)
do
Driers (gas and electric), sales (domestic and
export)
thous
Radio sets, production§-_
_ _
do
Television sets (incl. combination), prod.§.-.do
Electron tubes and semiconductors (excl. receiving,
power and spec purpose tubes) sales
mil $
Motors and generators:
Neiv orders index qtrly
1947-49 ~~ 100
New orders (gross) :
Polyphase induction motors, 1-200 hp
mil. $__
D.C. motors and generators. 1-200 ho _ — do_ _
1 1, 523. 7 1 739 8
i 392. 6
439.7
128.7
151.3
i 352. 9
i 679. 2
954.0
393.5
105.7
27.6
407.7
98.4
39 9
521.7
120.5
51 9
408.2
114.9
91.3
106.6
828.1
209 5
161.5
236.9
1, 057. 0
295.5
244.4
225.4
37. 0
277.3
283.8 2 107. 9
22.90
21.45
26.90
25.40
9.5
' 2, 042 1,771
30, 627
30, 528
1,800
1,735
2,015
2,145
2,531
3,512
3,686
3,387
3,085
2,654
2,918
1, 965. 0
2, 065. 0
161.7
144.1
176.3
148.5
163.4
186.0
174.0
184. 1
198. 3
176.8
182.8 ' 177. 4
201.0
147.8
140.8
4, 506. 7 i 5, 106. 9
4, 189. 6 1 4, 347. 1
162.0
397.8
298.0
160.5
329.6
315.0
159.8
367.9
388.7
125.1
329.2
356.1
87.6
376.6
398.6
145.3
497.7
430.6
160.1
534.4
397. 2
147.5
543.5
370.4
159.7
431.4
357.1
170.3
434.5
317.4
176.2
517.0
364.7
151.6
549.6
397.7
192.6
429.0
351. 6
83.3
109.0
127.7
213.3
274.2
279.1
234.3
238. 8
186.7
193.2
180.2
1,793 3 2, 171
3946
751
1,757
596
1,764 3 2, 214
819 3 1, 230
2,312
1,086
2,074
1,044
32,417
3
1, 208
1,874
915
1,862
924
32,260
31, 239
72.4
70.0
68.9
73.8
'71.3
68.9
81.1
58.2
'4.2
510.0
511.2
69.1
'5.2
5.5
4.8
1 1, 826. 4 1 2, 098. 4
91.9
19, 176
9,570
24, 118
11,028
1,782
757
653.0
757.0
59.4
178
215
183.2
36.3
210.1
44.6
57.5
63.3
52.3
63.4
212
228
19.5
3.2 .
17.6
3.7
' Revised.
» Preliminary.
* Revised total; monthly revisions are not available.
2
4
For month shown.
3 Data cover 5 weeks: other months, 4 weeks.
Less than 50
tons.
s Excludes new orders for motors 1-20 hp.; in Mar. and Apr. 1966, domestic sales of
this class totaled $10,800,000 and $10,700,000, respectively.
ASee similar note, p. S-33.
cfProducers' stocks elsewhere, end of May 1966, 9,600.
0Revised back to 1963 to in-
55.2
17.6
53.5
16.0
53 6
19 0
19.4
3.8
16.2
4.4
15.5
3.6
19.2
3.2
217
15.9
4.2
18.1
3.1
18.7
4.7
128.0
'1,824 * 1,786
p 891
'907
248
corporate new seasonal factors.
9 Includes data not shown.
J Data reflect adjustment to the 1963 Census of Manufactures; revisions back to 1963 are
available.
§ Radio production comprises table, portable battery, auto and clock models; television
sets cover monochrome and color units.
SURVEY OF CURRENT BUSINESS
June 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
1965
Apr.
Annual
S-35
May
June
July
Aug.
1966
Sept.
Oct.
Nov.
Dec.
1,255
1 286
69
66
Jan.
Feb.
Mar.
Apr.
May
895
56
999
84
1 082
1 289
1 230
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
17, 184
Production
thous. sh. tons
1,575
Exports
do
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton.. 13. 895
Bituminous:
Production
thous. sh. tons
486, 998
12. 979
12. 005
12. 005
12. 005
12. 495
12. 495
12.495
12. 985
12. 985
12. 985
13.580
13 580
510, 000
41, 686
41, 903
43, 068
34, 042
46, 228
43, 344
46 596
46 356
46 585
42 090
40 200
Industrial consumption and retail deliveries,
total 9
thous. sh. tons
431, 116
Electric power utilities
_ d o _ _ _ 223, 032
Mfg. and mining industries, total
_do_ _ 187, 758
Coke plants (oven and beehive)
do
88, 757
458, 969
242, 729
196, 534
94, 620
35, 866
18, 323
16, 479
8,144
35, 417
18, 632
16, 174
8,430
35 584
19,292
15, 762
8,119
36 135
20,018
15, 481
8,161
37 545
21, 051
15, 562
8,120
36, 198
19, 936
14, 910
7,504
38, 136
20, 066
16, 237
7,457
39 132
20, 552
16,423
7,074
42 851
22, 646
17, 556
7, 397
45 157
24 063
17 904
7,538
19, 615
19, 048
1,019
528
442
564
840
1,266
1,748
2,078
2,625
3,189
75, 342
52, 661
22, 305
10, 081
77, 393
53, 437
23, 603
10, 506
65, 489
44, 973
20, 349
9,576
68, 692
47, 713
20, 763
9, 749
71, 418
49, 857
21,311
9,970
66, 149
47, 482
18, 407
7,744
69 308
49,244
19, 768
8,484
70, 418
50, 411
19, 715
8,253
73,000
52, 017
20, 691
9 107
75 226
53 125
21, 736
9 743
77 393
53 437
23, 603
10 506
Retail deliveries to other consumers.
_ do__ _
Stocks, industrial and retail dealers' , end of period,
total 9
thous. sh. tons
Electric power utilities
_ _do
Mfg. and mining industries, total
do
Oven-coke plants
do
15, 444
1851
1 171
45
1,313
73
1 626
93
1 256
82
1 292
88
1 364
129
1 269
108
71
49
21
10
889
779
833
137
49
50
13. 580 pl2 250
r
48 200
30 545
40 564
21 263
16 354
7,200
41 021
21 631
17 521
8,171
38
20
16
7
2,947
1,865
69
47
21
9
055
197
630
870
73
48
24
11
526
973
362
318
028
324
558
818
1 102
68 121
46 919
20 999
8 646
do
376
353
167
216
250
260
296
292
292
365
353
277
228
191
203
do
47, 969
i 50, 181
4 268
4 707
5 069
4 231
5 086
5 160
5 560
4 627
3 542
2 854
3 166
3 512
3 937
4.798
6.895
4,794
6.926
4.804
6.582
4.806
6. 551
4.799
6.595
4.799
6.645
4.786
6.833
4,790
7.017
4.795
7.144
4.794
7.203
4.794
7.228
4. 794
7.247
4.804
7.247
1,236
60, 908
16, 865
1,542
64, 924
17, 208
150
5,569
1 332
136
5,781
1,390
164
5,566
1 407
149
5,598
1 475
154
5,549
1 489
5,208
1,443
72
64
4,929
1 412
5,102
1 553
94
5,158
1 358
94
5 184
1 558
4 895
1 352
5 598
1 478
5 402
1,971
1,708
262
1, 359
524
2, 699
2,445
254
1,478
1834
1 225
1,095
130
1,539
59
1 136
993
143
1,564
60
1 118
1 177
1 017
1 271
1, 085
1,484
1,278
1 918
1 690
2 341
2 103
2 699
2 445
2 789
2 548
2 696
2 504
2 627
2 442
242
192
185
1 550
1 546
1 584
2 345
2 172
' 173
20, 620
2.92
3, 223. 3
87
18,761
2.92
3,300.8
87
1,478
2.92
262.3
85
1,354
2.92
272.9
85
1,583
2.92
273.1
4, 190. 8
353.2
2, 848. 5
441. 6
236.8
36.7
452.0
448.7
-2.9
4, 032. 4
.do —
1.4
do
72.5
_ _ _ d o _ _ 3, 958. 5
do
1, 685. 5
do
178.4
Retail dealers
Exports
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$ per sh. ton__
Domestic, large sizes, f.o.b. mine
do
COKE
Production:
Beehive
thous. sh. tons__
Oven (byproduct) _ _
__..
do
Petroleum coke§
do
Stocks, end of period:
Oven-coke plants, total
do
A t furnace plants _ _ _ _ _ _ _ _ _
do
At merchant plants.
_ do_ __
Petroleum coke
do
Exports.do
982
136
1,548
69
85
160
181
206
1,511
1,460
1,418
63
99
73
227
239
1,414
1,411
65
77
1,375
2.92
281.7
1,606
2 92
276.0
75
254
1 478
78
64
67
45 255
r 4. 798 f 4. 798
'7.005 *>6 704
108
100
68
118
p 2 92
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
___
Price at wells (Okla.-Kansas)
Runs to stills t--_ _Refinery operating ratio
number.
$ per bbl
mil. bbl _
% of capacity.
87
1,784
2.92
286.1
89
86
346.8
340.9
345. 5
347.4
238.3
36.8
232.4
35.2
237.6
36. 6
240.2
36.5
38.1
41.6
12.2
39.0
32.9
23.9
39.9
33.3
13.3
40.7
30.6
13.2
4, 193. 7
341.0
323.0
327 5
1.1
66.8
4,
125.
9
2
1, 720. 2
297.6
.2
6.3
334.5
140.9
6.3
0
5.8
317.2
149 6
4.3
.1
6.2
All oils, supply, demand, and stocks : J
New supply, total
mil. bbl._ 4, 036. 1
Production:
Crude petroleum. _
_ _ _ _ _ do
2, 786. 8
Natural-gas liquids, benzol, etc... ___do_ .
422.5
Imports:
Crude petroleum
do. .
438.6
Refined products
_.
..
do _ _ .
388.1
Change in stocks, all oils (decrease,—)
do
3.7
Demand, total __ _.
____ _ _
Exports:
Crude petroleum
Refined products
Domestic demand, total 9
Gasoline
Kerosene
do
1,844
2.92
270.2
1,521
2.92
288.7
89
89
1 050
2 92
290.6
90
1,394
2 92
261.3
90
1 517
2 92
285.3
88
1, 685
2 92
287.2
87
88
329.1
357.4
345.0
369.6
378.3
346.8
389.5
222.5
35.0
244 1
37 9
239 6
38.0
253 6
39 2
250 5
38 9
231 7
36 0
258 1
39 5
40.8
29.9
10.9
43.2
28.4
4.3
39 1
36.2
12.1
32.0
35.4
-7.6
27 9
49 0
—36.6
42 0
46 9
—16.6
34 7
44 5
—23.1
38 8
53.1
332 3
336.5
324. 8
345 3
352 6
406 2
394 9
370 0
380 1
0
5.7
330.8
154.4
5.9
0
5.2
319.6
142.5
.1
55
347.0
140 1
9.4
53
400. 9
149 0
12 7
1
51
389.7
132 6
14 1
o
321.2
155 2
56
364.4
126 0
12 1
.1
6 2
373.8
145 4
8 7
\
9.4
4.5
.4
57
326.2
156 7
4.9
6.0
.2
51
340.0
147 0
77
do
do
do
750.4
554.6
118.6
776.0
586.4
2 220. 6
61.0
54.9
17.6
45.8
39.6
19.7
41.8
38.6
18.2
44.3
37.8
18 6
47.9
36.8
20.0
49.8
37.5
19 6
56 9
45 8
18 2
71.7
46.8
18 6
92 9
65 9
19 4
96 1
65 9
18 6
88 4
64 7
17 6
76 5
65 9
19 9
do
do
do_
45.8
120.2
247.9
47.0
127.6
260.8
3.8
77
18.5
4.2
12 3
16.9
4.3
4.1
15 7
17.1
17 2
17 1
4 0
17 8
17 9
15 5
19.0
4.0
38
14 7
21 9
38
9 4
24.0
37
54
33 1
41
37
34 8
36
35
30 5
4 6
6 1
27 2
___do _
do
do
do_ _
839.2
230.1
35.7
573. 5
836.3
220.3
35.9
580. 2
802.9
251.4
29.7
521.8
826.7
255. 1
35.0
536.7
840.1
253.6
38.7
547.8
853.2
242 1
43.6
567.6
864.1
236 4
46.7
581.0
868.4
231.1
46.9
590 4
880.5
231 8
45.9
602 8
873.0
42.5
603 7
836.3
220 3
35 9
580 2
819.8
221 4
28 9
569 5
796.6
225 4
24 7
546 4
806.0
236 3
26 4
543 4
1 704
4
2
4.9
2
183. 1
133 4
4
217.4
137 9
5
205 6
141 6
148 5
150 4
140 5
142 4
142 5
151 4
152 5
133 8
146 3
192.6
185 1
181 8
180 3
176 6
179 2
183 1
203 5
212 2
214 2
.113
.113
.113
.113
.113
.113
.113
.113
.113
.113
.113
113
.105
j> .113
.200
.208
.208
.208
.213
* Revised.
* Preliminary.
1 See note "O" for p. S-21.
2
Beginning Jan. 1965, gasoline excludes special naphthas; aviation gasoline represents
finished grades only (alkylate excluded); commercial jet fuel (formerly included with kerosene)
is included with jet fuel.
.209
.211
.210
.209
.213
.210
213
.210
211
212
Distillate fuel oil
Residual fuel oil
Jet fuel ___ _
Lubricants..
Asphalt
Liquefied gases
_ __ _ _ _ _ _
Stocks, end of period, total
Crude petroleum
Natural-gas liquids. _ _ _ _ _
Refined products
..
Refined petroleum products: }
Gasoline (incl. aviation) :
Production
Exports
Stocks, end of period....
_
do
do
do
Prices (excl. aviation) :
Wholesale, ref. (Okla., group 3 ) _ _ $ per gal
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ oer eal_
1 687 4
8.0
199.5
.102
2
7
3
3
4
3
3
4
(3)
1
2
Less than 50,000 bbls.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
I Revisions for Jan.-Oct. 1964 will be shown later.
2
2
.218
SURVEY OF CURRENT BUSINESS
S-36
1965
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
June 1966
1965
Apr.
May
June
July
1966
Aug.
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products:}:— Continued
Aviation gasoline:
Production
mil. bbl
Exports
do _
Stocks end of period
do
Kerosene:
Production
__ do __
Stocks end of period
do
Price, wholesale, bulk lots (N.Y. Harbor)
$pergal__
Distillate fuel oil:
Production
mil bbl
Imports
do _
Exports
do
Stocks end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per galResidual fuel oil:
Production
mil. bbl
Imports
do
Exports
do
Stocks end of period
do
Price wholesale (Okla No 6)
$ per bbl
Jet fuel (military grade only) :
Production
mil. bbl
Stocks end of period
do
Lubricants:
Production
do
Exports
do
Stocks end of period
do
Price, 'wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:
Production
mil bbl
Stocks end of period
do
Liquefied petroleum gases :
ip
„/? _ f rnrn crQcnlinp nlant<>
do
Stocks (at plants, terminals, underground, and
Asphalt and tar products, shipments:
T? YI
rotumg, t
_
_
uu&. vl
Shinsles all tvpes
Asphalt siding...
Insulated siding
do
,___._do
_
do _
_ _
127.8
5.4
9.1
148.6
14.2
1-8.3
3.8
.3
9.0
169. 5
36.2
194.5
i 24. 1
.096
742.4
11. 8
5.4
155.8
.086
4.3
.4
8.5
4.0
.7
8.2
4.2
.3
8.2
4.1
.3
8,5
4.1
.3
8.7
3.8
.2
8.4
3.9
.4
8.0
3.9
.1
8.3
3.7
.1
8.5
3.3
.1
9.1
3.3
.2
9.2
6.9
18.7
6.6
21. 0
7.0
23.4
6.7
25.3
6.6
26.0
6.9
26.9
8.1
27.3
8.3
26.3
10.4
24.1
10.3
20.2
9.8
17.9
9.5
18.7
.098
.095
.095
.095
.095
.095
.098
.100
.100
.103
.103
.103
.103
765.4
13.0
3.7
155.4
58.6
.8
.2
82.8
61.5
1.2
.3
99.4
58.7
.5
.2
116.6
65.5
.9
.3
138.5
66.4
1.6
.3
158. 4
62.8
1.1
.5
172.0
65.7
1.3
.1
182.0
66.1
1.1
.3
177.3
70.1
1.1
.3
155. 4
70.1
1.1
.4
130.0
62.8
.6
1.0
104.0
64.7
.8
.3
92.8
.090
.087
.087
.087
.087
.087
.090
.092
.092
.095
.095
.095
.095
p. 092
266. 8
295.8
18.9
40.4
1.50
268.6
344. 6
14.9
56.2
1.83
22.0
34.1
1.4
34.5
1. 75
21.3
24.6
.9
40.1
1.75
20.9
23.6
1.0
45.2
1.75
21.6
22.1
1.3
50.2
1.80
21.1
20.4
1.3
53.8
1.85
19.5
20.0
1.0
55.1
1.90
22.4
27.5
1.1
58.4
1.95
22.8
26.1
1.0
59. 7
1.95
24.6
38.5
1.0
56.2
1.95
26.3
37.8
1.1
53.6
1.90
22.2
37.3
1.1
47.6
1.80
23.8
42.8
1.9
46.8
1.60
v 1. 55
108.0
9.9
i 191. 2
118.7
15.8
20.0
16.9
20.0
15.7
20.5
16.8
21.0
16.0
19.8
16.0
17.9
16.5
18.2
16.2
18.6
16.6
18.7
16.8
18.9
15.7
19.2
18. 9
20.1
63.7
18.2
14.1
r 62. 9
16.7
13.3
5.3
1.9
13.7
5.6
1.7
13.4
5.1
1.3
12.9
5.4
1.4
12.8
5.4
.9
13.3
5.1
1.4
13,0
5.1
1.6
12.8
5.1
1.2
12.9
5.5
1.4
13.3
5.6
1.1
13.8
5.1
1.2
14.1
5.4
1.3
13.6
.
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
\270
.270
114. 9
14.2
123.6
16. 2
8.3
23.3
12.2
23.5
12.1
20.7
14.4
18. 5
14.6
16.2
13.5
14.8
12.6
13.2
9.8
13.9
7.3
16.2
6.6
19.5
6.0
22.4
8.0
24.5
59.2
189. 6
56.1
200.2
4.5
14.5
4.9
13.0
4.8
12.8
4.9
12.3
4.8
13.1
4.3
14.6
4.3
17.5
4.2
19.6
5.1
22.9
5.4
24.0
4.9
21.1
5.3
1.7.9
31.8
32.0
25.3
31.1
35.3
40.1
43.5
43.8
42.8
39.4
32.0
24.3
20.1
21.1
71, 075
26, 218
44, 857
72, 696
28, 584
44, 112
5,216
1,992
3,224
6,070
2,197
3,874
7,215
2,591
4,625
7,634
2,856
4,778
8,546
3,322
5,224
7,766
3,130
4,636
7,279
2,987
4,292
5,599
2,294
3,305
4,580 , 4,987
2,056
1,982
2,932
2,598
3,601
1,490
2,111
4,829
2,062
2,767
720
680
995
645
603
973
37
47
68
40
61
75
50
70
89
52
66
95
70
65
109
72
69
93
75
63
82
62
45
73
47
31
66
44
21
80
30
17
56
36
36
67
p. 102
P . 270
PULP, PAPER, AND PAPER PRODUCTS
PULP WOOD AND WASTE PAPER
Pulpwood:
49, 872
49,711
4, 843
50,452
50, 740
5, 770
4,038
4,268
4,695
4,190
4,365
4,429
3,935
3,989
4,613
4,234
4,110
4,856
4,379
4,351
4,985
4,270
4,085
5,268
4,611
4,664
5,328
4,228
4,383
5, 317
4,441
4,072
5,770
4,247
4,574
5,412
4,192
4,293
5,320
4, 843
4,651
5, 428
9,493
596
9,914
573
831
522
836
515
854
518
720
555
833
532
840
520
899
511
842
512
804
573
848
486
'808
M64
929
481
32, 429
1,457
20, 006
2,685
33, 296
1,486
20, 514
2,789
2,764
122
1,694
239
2,900
132
1,787
242
2,646
110
1,605
242
2, 680
113
1,657
218
2,917
134
1,822
238
2,700
120
1,678
220
2,949
130
1,817
258
2,894
119
1,811
232
2,626
124
1, 606
217
2,918
141
1,808
230
2,750
124
1,715
213
3,052
3, 596
1,621
3, 063
3,920
1,473
3,113
323
128
256
342
125
271
324
125
239
319
125
247
337
122
263
305
121
256
334
126
284
339
119
275
320
113
247
337
121
281
315
118
265
342
131
289
do
do -_
do. _
do_ _
781
228
462
92
730
253
395
82
723
268
377
78
735
278
374
83
748
284
381
84
763
281
400
82
766
302
383
81
743
290
375
78
750
311
369
70
739
300
366
73
730
253
395
82
698
265
359
75
'682
252
'351
79
677
242
354
81
Exports, all grades, total
• _ _ _ ________do
Dissolving and special alpha _ _
do
All other.
__
___
_._ .__ __ _do _ _
1,602
581
1, 021
21,402
2535
897
147
58
90
132
48
85
107
43
64
119
52
67
109
42
67
110
41
69
123
49
74
101
33
68
129
56
73
128
58
71
126
56
70
125
56
70
153
46
108
Imports all grades total
Dissolving and special alpha. _ _ _
All other.
_ _
_
_
2,922
272
2,650
3, 127
280
2,847
251
25
226
244
23
221
288
26
263
245
23
222
265
23
242
253
25
228
261
23
237
306
24
282
270
23
247
242
22
220
249
23
226
303
27
276
254
20
234
3,720
1,609
1,776
12
324
S-21.
3,575
1,532
1,688
13
341
Consumption. _
Stocks, end of period.
Waste paper:
Consumption..
_ _
Stocks, end of period. _
_
__
_
_
do
do
thous. sh. tons.
_
__ do
WOODPULP
Production:
Total, all grades
- thous. sh.
Dissolving and special alpha
_
Sulfate.
__Sulfite
Groundwood
_
tons _
do _ do
do
__do
Soda, semichem., screenings, etc____._
Stocks, end of period:
Total all mills
Pulp mills. ' _ _ _ • _ _ _
_
Paper and board mills
_.
__
Nonpaper mills _ _
__
_
do_
do
do_
__do_ _
140
1, 908
242
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census) :
3,682
All grades, total, unadjusted.- -thous. sh. tons_. 41, 748 43,747
19,020
Paper
do
1,611
18, 180
1,736
19,663 20,760
Paperboard..
do
135
11
148
Wet-machine board.
. _ _ _ _ do
3,833
323
3,797
Construction paper and board
do_ _
1
2
'Revised.
* Preliminary.
See note 2 for p. S-35.
See note "O" for p.
3,624
3,847 rr 3, 651
3,911 3,751
3,626
3,746
3,419
1, 587
1,700
1,573
1,627
1,677
1,544
1,608
1,488
1,754
1,845 ' 1, 759
1,789
,858
1,730
1,788
1,599
11
11
12
11
11
11
8
'295
286
291
324
365
342
340
324
JRevisions for Jan.-Oct. 1964 will be shown later.
4,034
1,747
1, 941
12
333
May
SUKVEY OF CUERENT BUSINESS
June 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1965
Apr.
Annual
S-37
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper and board— Continued
New orders (American Paper and Pulp Assoc.) :
All grades, paper and board
thous. sh. tons
Wholesale price indexes:
Printing paper _
_
1957-59 = 100. _
Book paper, A grade
do
Paperboard
__ _
_
_ _ •___. do
Building paper and board
do
Selected types of paper (APPA):
Fine paper:
Orders, new
_ thous. sh. tonsOrders , unfilled , end of period
do _ _ _
41, 646
44, 296
3, 747
3,664
3,934
3,708
3, 556
3,970
3,694
4,190
» 4, 017
101.4
110. 7
96.5
93.8
101.4
111.5
96.5
93.3
101.4
111.5
96.5
92.7
101.4
112.7
96.7
92.7
101.4
113.5
96.7
92.7
101.4
113.5
97.0
92.7
101.4
113.5
97.0
92.6
101. 4
110.7
96.3
92.7
101. 4
110. 7
96.3
93.5
101. 4
110.7
96.3
93.3
' 2, 460
"164
213
136
208
135
209
145
200
161
202
157
197
153
209
156
220
163
'207
'154
'230
'158
209
155
*241
*167
2, 244
2,237
'•2, 410
' 2, 446
203
201
201
207
200
206
186
196
204
208
197
198
211
208
206
220
'208
'214
'219
'230
189
203
P208
P230
5,800
437
' 6, 198
'510
511
488
512
508
519
522
530
558
510
518
517
543
550
554
476
500
'502
'510
'553
'522
524
556
*606
P604
5,623
5,623
' 5, 993
' 5, 993
497
497
504
504
503
503
471
471
493
493
507
507
534
534
503
503
'505
'505
'527
'526
497
497
P547
"547
4,392
190
' 4, 590
'210
388
224
384
226
367
232
357
226
392
235
357
219
396
227
379
199
'379
'210
'400
'214
375
222
*>437
P245
4,352
4,331
' 4, 591
' 4, 564
389
392
392
380
359
361
357
358
390
382
371
374
395
391
'392
393
'376
'379
'404
'396
370
370
P419
Mil
7,301
7,310
178
7,720
7,747
150
622
677
311
648
691
268
634
697
205
651
642
209
663
646
225
637
637
225
686
694
217
693
717
193
648
691
150
675
610
215
654
617
253
738
688
302
702
732
272
2,261
2, 273
22
2, 180
2,183
19
183
188
20
198
196
21
169
171
19
168
167
20
196
189
27
160
167
20
182
178
23
193
192
24
181
186
19
197
191
25
185
184
27
203
210
20
192
191
20
6,031
6,387
544
570
527
477
517
509
591
589
576
526
498
586
576
585
573
544
526
560
619
634
626
580
570
573
586
619
624
641
633
570
Production
_ _
_ _ _ • _ ___ do
Shipments.__ __ _
-_do. _
Printing paper:
Orders, n e w
_ _ _ _ _
_ _ _ do
Orders, unfilled, end of period
do
Production __ __
__
do_ __
Shipments
do
Coarse paper:
Orders, new. .
__
_. __ __ _do_ .
Orders, unfilled, end of period
do
Paperboard (National Paperboard Assoc.) :
Orders, new (weekly a vg.)
thous. sh. tons
Orders, unfilled, end of period
- _ do
Production, total (weekly avg.) __
do
Percent of activity (based on 6.5-day week)
Paper products:
Shipping containers, corrugated and solid fiber,
shipments J
mil. sq. ft. surf, area
Folding paper boxes, shipments, index of physical
volume
1947-49=100
3,632
101.4
110.7
96.3
92.7
2,234
98
Imports
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh ton
3,631
101.4
110.7
96.3
92.3
101.4
110.6
96.4
93.0
Consumption by publisherscf
__ __ do
Stocks at and in transit to publishers, end of
period
_ _ _
thous. sh. tons
3,800
101.4
110.7
96.4
93.4
101.4
109.4
96.5
94.2
'Production
_
_ __ . _do ___
Shipments
do
Newsprint:
Canada:
Production
_
do
Shipments from mills
__ . do
Stocks at mills, end of period
do
United States:
Production^ _ _ _ _ _ _
_ ___
_do
Shipments from mills
do
Stocks at mills, end of period _ _
-—do __
3,733
5, 954
6,323
500
515
581
518
525
574
539
538
627
551
509
134. 23
132. 40
132. 40
132.40
132. 40
132. 40
132. 40
132.40
132. 40
132.40
132. 40
132. 40
132.40
386
563
384
88
1417
1796
410
90
417
692
410
91
441
742
423
92
412
760
405
89
384
818
359
78
412
818
416
90
413
848
415
90
444
844
441
94
437
847
443
94
386
793
414
89
438
855
421
93
453
902
446
95
137, 261 148, 312
12, 181
11. 871
12, 403
11, 747
12, 523
13, 167
13,633
13, 375
125.7
121.7
133.7
120. 8
131.1
137. 2
137.5
128.4
136.2
122.9
46.94
98.70
28.31
.245
125.7
128. 2
132. 40 P134. 40
471
944
450
95
453
973
450
94
12, 812 '12,044 '11,848 '14,043 '13,068
115. 9
' 140. 2
469
1, 025
466
97
13, 477
' 129. 5 r> 128. 8
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. Ig. tons
Stocks, end of perioddo _
Imports , incl. latex and guayule __ _ _ _ do _
Price/wholesale, smoked sheets (N.Y.)__$ per lb__
Synthetic rubber:
Production. _
Consumption
Stocks , end of period
Exports
_
Reclaimed rubber:
Production
Consumption
Stocks, end of period
_
514. 71
100. 01
445.32
.257
45.01
87. 34
52.92
.276
41.01
93.87
31.72
.283
42. 16
95,68
42.22
.268
36. 55
97.04
30.66
.258
40.57
96. 20
28.42
.248
43.98
96.96
39. 90
.243
46.14
96.44
41.91
.241
45. 41
98.36
43.91
.241
44.26
100.01
44.57
.243
thous. Ig. tons 1, 764. 94 1,813.99
do
1, 451. 51 1,540.87
297. 13
311. 95
_ do_ _
do
321. 26 2 281. 78
153.26
130. 20
307. 65
35.08
155. 61
122.20
317. 81
29.27
144. 86
126. 30
315. 37
23.87
141. 35
108. 25
325. 26
24.32
148. 59
119.51
323.56
24.87
137. 70
131. 44
311. 08
21 70
156. 52
140. 48
304.81
25 17
157. 87
133. 44
302. 99
23.79
166.12
135. 82
311.95
23.32
21.08
20.03
29 96
22.60
20.80
30 88
22.38
22.20
30 39
23.43
24 03
29 06
22.83
21.45
28 84
24.66
22. 75
30 16
23.32
23.06
28 93
.
481. 50
86.85
441. 19
.252
' 44. 34 51.01
90.59
'93.73
40.27
44.94
.258
.258
168. 88 153. 07
137. 78 '131.54
320. 46 '317.01
29.91
23 31
169. 52
150. 02
309. 97
30 00
_ _ _ . do __
do
do
276. 26
263. 19
30.08
280. 29
269. 54
'30 16
25.62
24.28
29 84
22.19
21.27
30 22
___thous_
158, 113
167, 854
14, 633
13,228
13,460
12, 174
12, 822
13, 921
15, 331
14, 194
14, 839
15, 308
14, 605
16, 275
150, 488 * 169, 060
48 045
58 280
100, 369 107, 905
2,075
2,875
15, 408
5 341
9 782
285
14 688
5 049
9 439
200
15 605
5 336
10 033
236
14 227
4 222
9 689
316
12 145
2 215
9 682
248
14 863
4 178
10 441
244
16 073
5 557
10 206
310
13,709
5 511
8 017
181
13, 062
5 386
7,472
205
13, 912
4,987
8,729
195
12, 222
4 844
7 181
196
15,855
5, 527
10, 079
249
23. 1222.78
29 60
44.33
.244
.241
26 11
22.84
27.19
' 21. 88 24. 55
30 05
'28 72
TIRES AND TUBES
Pneumatic casings:
Production _
_
_
Shipments, total ._
Original equipment
Replacement equipment
Export
Stocks , end of period
Exports (Bu of Census)
Inner tubes:
Production. __ _ . .
Shipments
Stocks, end of period
Exports (Bu. of Census)
___ __
_
_
do
do
do
do
do
do
_ _ . _ _ _ •_ _ _ _ _ do__
..do
do
_
do
37, 553
1 589
37 059
2 2 381
40 601
211
39 515
208
37 207
199
35 036
250
36 095
173
35 110
191
34 442
259
35 083
183
37, 059
156
38 366
140
40 833
180
41, 441
211
175
42, 437
41 890
11,454
896
41,342
41 936
11 839
2
1, 189
3, 793
3 410
11 225
102
3,079
3 070
11 334
100
3,290
3 438
11 266
82
3 207
3 297
11 196
128
3,251
3 521
11 015
77
3 455
3 413
11 145
123
3,513
3 589
11 045
174
3, 243
3 058
11 336
99
3,483
3 021
11 839
108
3, 507
4 351
11,216
71
3,, 558
3 742
11 179
64
3,983
4 480
10, 699
87
125
r Revised.
» Preliminary.
1 Beginning Jan. 1965, monthly data are 4-week averages
for period ending Saturday nearest the end of the month. Annual data for new orders are
52-week averages: those for unfilled orders aie as of Dec. 31. 2 See note "O" for p. S-21.
ef As reported by publishers accounting for about 75 percent of total newsprint consumption.
I Revisions for Jan. 1964-Feb, 1965 will be shown later,
c Corrected.
SURVEY OF CUREENT BUSINESS
S-38
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
June 1966
1966
1965
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
30, 883
May
STONE,. CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments,finishedcement
._ .
thous. bbl
!366 304 *373 563
29, 987
34, 416
39, 192
39, 439
41, 242
37, 531
39, 418
31,446
25, 117
17 327
16, 982
28, 779
7, 743. 8
311 4
1, 837. 2
8 089.2
313 3
1 732 2
700.0
27 3
147.5
758.3
29 6
165.9
787.8
26.5
185.4
761.3
26.2
171.0
768.2
28.9
175.5
743.7
27.5
166.3
749. 5
29.2
155.6
714.0
26 1
138.8
645.6
23 7
118.8
464. 3
20.4
94.5
421.0
16.7
82.9
748.1
22.8
152.9
353 4
326 9
27 0
26 8
29.7
31 1
30.6
30.3
28.5
28 3
28.1
23.1
21.7
26.5
286 0
282 7
24 3
23 6
26 4
24 0
24 8
24.7
23.4
22.1
21.6
22 5
21.5
25.8
107.1
108 4
107.8
107.8
107.8
107.8
108.8
109.2
109.2
109.4
109.8
109.9
110.4
110.7
110.7
324 955
354 308
86 153
89, 869
96, 489
144 753
180 202
140 559
213 749
32 643
53 510
38 848
51 021
39,769
56 720
189 414
201 327
16 684 ' 17 672
18 600
18 460
19 333
16 733
18, 227
16, 206
15, 219
16, 745
16, 352 '18,658
17, 679
184, 773
195 380
12, 813
15 732
17, 948
16, 894
18, 361
17 393
16, 638
15, 870
15, 715
14, 715
14,298
20 829
21 548
1 176
1,398
1 664
2,080
2,830
2 886
1, 932
1,489
1,403
1,431
1,537 r 2, 035
1,677
50 721
53 582
2 838
3 931
4 636
4 431
4 976
4 929
5 030
4 707
4 193
4 369
3 964 »-4 356
3 853
do
_ do
do
17, 664
33, 252
16, 756
20 283
36 135
17 273
1,541
2,761
1,082
2,277
3,355
1,221
2,465
3,915
1,352
2,089
3,852
1,155
1,764
3,357
1,382
1,371
2,838
1,488
1,379
2,332
1,759
1, 427
2,530
1, 723
2,131
2,694
1,447
1,146
2,414
1, 248
1,413 ' 2, 034 2,205
2,216 ' 3, 302 3,261
1,366 ' 1, 571 1,468
do
do
do
36 764
7, 366
1,421
38 381
6 913
1 265
2 776
541
98
2 947
524
79
3 275
552
89
2,692
509
86
3,371
564
117
3 193
560
128
3, 548
552
106
3,367
514
113
3,200
520
127
3,501
512
94
3,247 ' 3, 864
"531
460
r92
95
do
25, 375
26 802
24, 074
25, 733
26, 112
26, 812
27, 314
26, 401
27, 537
27, 518
26, 802
28, 466
30, 370
30, 801
6 246
10, 684
5 911
10, 516
1,630
2,622
1,734
2,838
1,475
2,690
do
9 440
9 316
2,365
2,505
2,313
do
do
4,562
292
4,462
319
1,300
87
1,251
77
1,096
79
do
do
972
993
828
967
237
263
210
266
173
227
1 495
7 542
253
1 366
8, 075
270
378
2,149
79
371
2,124
73
311
2,073
67
'280
293
373
'430
422
409
1, 008
1,078
1,084
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick
Structural tile , except facing
thous sh tons
Sewer pipe and fittings, vitrified
•
do
Facing tile (hollow) , glazed and unglazed
mil brick equivalent
Floor and wall tile and accessories, glazed and unglazed
mil so ft
Price index, brick (common), f.o.b. plant or
N Y. dock
1957-59=100
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
thous. $
Sheet (window) glass, shipments
Plate and other flat glass shipments
Glass containers:
Production
do
do
thous gross
Shipments, domestic, total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
lellv classes and fruit iars)
thous gross
Beverage
Beer bottles
Liquor and wine
Medicinal and toilet
Chemical household and industrial
Dairy products
Stocks, end of period
r
17, 785
16, 435
3,366
502
103
31, 977
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
Production
thous sh tons
do
Calcined production total
Gypsum products sold or used, total:
Uncalcined uses
Industrial uses
Building uses:
Plasters:
Base-coat
All other (incl Keene's cement)
Lath
Wallboard
All other
mil sq ft
do
do
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills f
Cloth woven total Q
mil linear yd
Cotton
do
Manmade
fiber
do
Cotton
Manmade
fiber
Orders unfilled total end of period Q H
Cotton
IVCanmade
fiber
do
do
do
do
do
12 672
9 136
3 289
13 037
9' 262
3' 517
1 026
1 068
1 139
1 050 2 1 258
2893
2337
823
581
905
1 036
751
276
979
588
367
1 038
1 027
5 1 094
676
442
953
572
356
3 757
2 500
1 161
4 140
3 023
4 282
3 067
1 099
4 432
3 153
1 159
4 409
3 121
1 168
15 140
14 916
15 182
8 940
14 956
9 296
661
386
999
736
269
621
394
730
285
2
1 034
1 027
21 171
733
282
729
282
2827
2351
1 108
1 100
1 097
'654
1 139
1 258
2883
655
427
437
649
440
4 241
3 025
1 110
4 216
3 019
1 088
4 145
2 949
1 092
4 139
3 020
1 018
180
922
3,663
8,920
595
733
615
390
5
636
2321
423
676
442
4 180
3 046
1,016
4 140
3 023
999
r
COTTON
Cotton (exclusive of linters) :
Production:
GinningsA
thous running bales
Crop estimate, equivalent 500-lb. bales
thous bales
Consumption
do
Stocks in the United States, total, end of period
735
742
•2897
2
886
742
11, 718 3 12,691
751
2831
4
14, 916
14, 481
753
753
2947
758
14 290 28 401 27 366 26 301 25 056 23 757 22 617 21 692 20, 413 19,542
17 427
Domestic cotton , total
do
23 652 17 339 16363 15 082 14, 223 28, 306 27,265 26, 202 24, 956 23, 652 22, 516 21, 596 20,323 19,460
21 817
354
475
131
698
1,130
427
4,915
2,505
2 505
7 544
230 14, 620 12, 157
On farms and in transit
do
1 655
511
Public storage and compresses
do
18 706
19 619 15 080 14 099 13 056 12, 521 12, 512 14, 037 17, 457 18, 632 19, 619 19, 741 19, 188 18, 381 17, 360
1, 746
1,811
1, 710
1,645
1,409
1,528
1 174
Consuming establishments
do
1 472
1 071 1 201
1 784
1 753
1 599
1 456
1 528
82
90
96
101
100
105
99
74
95
101
112
Foreign cotton, total
do.__
67
88
80
'105
r
1
d" Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
Revised.
Beginning Jan. 1965, excludes finished used in prepared masonry cement
toweling, and blanketing, and billed and held stocks of denims. Effective Aug. 1965, stocks
(2,734 thous. bbls. in 1964); annual totals include revisions not distributed to4 the months.
2
cover additional manmade fiber fabrics not previously included.
Data cover
5 weeks; other months, 4 weeks.
3 Ginnings to Dec. 13.
Ginnings to
5
^Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
Jan. 15.
See note "cf."
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting,
f Beginning 1964, data are not strictly comparable with figures for earlier periods because of
toweling, and blanketing.
revised fabric classifications and the inclusion of manmade fiber drapery fabrics.
ATotal ginnings to end of month indicated, except as noted.
9 Includes data not shown separately.
91 QOQ
90 7^7
ic 440
1 C I KR
SURVEY OF CURRENT BUSINESS
June 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1966
1965
1965
Annual
S-39
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports
thous. bales
Imports
__
_
do
Prices (farm), American upland
cents per Ib
Prices, middling 1", avg. 15 markets
do
Cotton linters :
Consumption
thous. bales
Production
do
Stocks, end of period
do
5, 241
3 795
118
99
i 29.6
i 30.7
1 396
1 572
MANMADE FIBERS AND MANUFACTURES
Fiber production qtrly total
mil Ib
Filament varn (rayon and acetate)
do
Staple incl tow (rayon)
do
Noncellulosic, except textile glass:
Yarn and monofilaments*
do
Staple incl tow*
do
Textile glass
fiber
do
Exports:
Yarns and monofilaments
thous Ib
Staple, tow, and tops
do
Imports:
Yarns and monofilaments _ _
do
Staple tow, and tops
do
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil Ib
Staple, incl. tow (rayon) _ _
_
do
Noncellulosic fiber, except textile glass:
Yarn and monofilaments*
do
Staple incl tow*
do
Textile glass
fiber
do
Prices, manmade fibers, f.o.b. producing plant:
Staple' Rayon (viscose) 1 5 denier
$perlb
Polyester 1 5 denier*
do
Yarn* Rayon (viscose), 150 denier
do
Manmade fiber and silk broad woven fabrics:
Production (qtrly ) total 9
mil lin yd
Filament yarn (100%) fabrics 9
do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics
do
. Spun yarn (100%) fabrics (except blanketing) 9
Rayon and/or acetate fabrics and blends
do
Polyester blends with cotton
do
Combinations of filament and spun yarn fabrics
Exports piece goods
mil lin yd
fhous so yd
WOOL
Wool consumption, mill (clean basis) :
Apparel class
Carpet class
Wool imports, clean yield*
Duty-free (carpet class)*
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
Graded fleece, % blood
Australian, 64s, 70s, good topmaking
398
2
266
3
117
53
226
3
304
6
370
1
278
16
28.9
30.0
29.4
29.7
254
6
30.0
30.7
29.5
29.7
447
15
30.1
30.9
29.0
29.6
27.9
29.5
26.6
29.5
26 6
29.5
193
777
8.2
18.7
15.0
212.3
.492
2 9. 8
18.8
15.0
.497
18.8
15.2
10.1
.506
.417
18.9
15.1
10.1
.506
8.1
19.0
15.0
10.3
.517
19.1
15.0
10.4
.522
8.3
18.9
14.7
2 11.8
.470
29.3
18.9
14.7
10.4
.522
6.7
19.0
15.0
212.3
.493
29.8
18.8
14.6
10.5
.525
.622
.878
.622
.878
.627
.885
.632
.889
.632
.898
.637
.900
.637
.903
.642
.910
.642
.916
.647
.926
.652
.934
20.3
19.1
19.1
19.5
24.2
18.8
18.6
18.7
19.0
20.3
4 5
3.9
3.9
4.1
5.1
4.0
4.1
4.0
4.1
4.5
23
.20
37.51
36. 49
.19
37.30
.20
37.49
.21
.21
37.97 3 38. 31
.21
38.57
.22
38.62
.23
38.58
.23
38.77
38.78
38. 77
38.58
38.71
34.9
18.6
17.5
34.9
18.5
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17. 5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17. 6
34.9
18.8
18.0
P35.6
P18.8
p 18.0
18.7
15.1
9.9
8.1
7
779 2
282. 3
34.9
18.8
17.5
»• 880. 5
207 9
164.2
' 905. 0
210.5
162.0
r
r
246 8
191.9
69.7
10, 071
9,202
15, 690
130 108
1,087
8 892
970
1, 564
133 695
9,781
9,505
9,689
32 6
51.3
59 8
55.8
32 9
52.4
33 5
55.5
34 5
60.6
40 1
69.6
3 545 4
3 926 2
1, 640. 6
8,081
2, 840
28
.84
.78
28
.84
.78
28
.84
.78
8.2
110
1,023
1,198
12, 507
46 3
73.0
52.9
71.1
55.3
68.5
.28
.84
.80
3,058
8,821
'260 5
271 4
220 2
77.9
9 114
4 204
10 029
6 181
8 509
4 902
1,610
12, 537
1,989
13, 859
1,421
18, 130
810
10, 700
1,094
16, 247
1,132
21 488
55 6
60.3
59 8
55.8
61 6
58.7
61 1
56.7
.28
.84
.80
28
.84
.80
303 9
1 260 4
1 534 6
374 4
379 1
419 6
665 6
456 8
643 3
713 5
162.0
171.9
152.4
179 7
154.5
210 7
11 148
11 910
127 3
13 869
2
27.1
2
60 1
53.9
58 0
52.8
112. 9
89 9
24 5
28
.84
.80
28
.84
.80
28
84
.80
v 28
p. 84
P. 80
12 912
13 711
16 413
14 600
23.4
90
28.1
r 23. 3
9.1
•-9.1
24.0
7.0
2 29. 2
2 11.3
33.0
10.8
26.9
9.5
1 Oil 5
408.3
205.5
209. 1
74 0
131 3
13 494
r
76 0
14 839
14, 953
123 8
15 798
225.6
mil Ib
do
do
do
233.9
274 7
112 3
271 6
108 9
22.5
87
30.2
11.0
22.1
87
20.6
19.5
65
22.5
11.7
22.6
21.1
25.5
11.1
10.9
25.9
10.3
23.8
12.0
21.1
7.8
2 27.3
2 10 8
23.0
10.5
23.2
122 7
212.3
113. 9
$ per lb_.
__do _ _
do
1.397
1.286
1.389
1. 249
1.192
1.156
1.195
1. 130
1.075
1.195
1.145
1. 075
1.195
1. 155
1.075
1.218
1, 172
1.100
1.265
1.220
1.225
1.275
1.253
1.225
1.275
1.255
1.225
1.279
1.235
1.225
1.280
1.235
1.225
1.280
1.235
1.225
1.291
1.229
1.225
1.325
1. 225
1.235
1. 350
1.225
1.275
107.1
109.0
109. 0
109.0
109.0
108.4
109.6
109.6
110.2
110.2
8.7
38.72
66 8
55 0
7 737
4,173
'r109. 3
96 7
32.2
.28
.84
.80
5
5
4,856
960.6
398.4
14 660
r
938. 2
201 7
167 0
981.1
416.7
219.6
77 2
18 797
8.2
2
910.7
203 3
156 4
855.8
519 4
167 083
179
811
8 903
3,404
109. 1
73.8
37.0
.28
.84
.80
8.2
116
'76. 1
1,313
12, 670
1,114
118
••214 4
13,412
r
.28
.84
.80
251. 7
209. 7
71.1
7,516
3,336
131
28.5
29.6
2 310
8,282
4,034
8,189
'89.8
57.0
33.7
109. 3
96 7
32 2
r
28
85
.80
4,976
119
2 189
7 559
4 686
28
.98
.78
44
605
2,374
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
106.2
105 7
106 7
system wholesale price
1957-59 ~~ 100
107 9
107 8
Woolen and worsted woven goods, exc. felts:
Production (qtrly )
mil lin yd
255 2
73 4
267 3
Suiting, price (wholesale), flannel, men's and
96.8
101. 1
101.7
boys', f.o.b. mill
1957-59=100..
95.9
100. 2
r
2
Revised.
p Preliminary. ! Season average.
por 5 weeks; other months, 4 weeks.
3
Margins reflect equalization payments to domestic
users (Aug. 1964-July 1965, 6.5 cents;
4
beginning Aug. 1965, 5.75 cents per pound).
For 11 months; price not available for Sept.
1964.
s For month shown.
« See "Q," p. S-21.
§Data beginning Aug. 1965 are not strictly comparable with earlier prices.
8.3
11 041
7 492
6
P. 657
P. 940
190
735
6 99 923
6
50 763
472 4
185 263
.652
.938
200
680
2133
116 473
56 411
283 1
19.2
14.7
10.5
.525
8 0
188
641
r
997
r
1,583.1
852.2
19.2
14.7
13.0
.518
2
10.0
123
572
112
105
768
3 018 0 '3, 532. 2
825 0
777 5
648 0
594 3
r
123
113
839
2 138
112
132
800
9 238
76. 9
57 5
36.8
2 143
168
r
833
r
106
.629
.891
r
177
6
28.5
29.5
86
18.9
14.7
128 0
.493
102.9
847 6
559 1
239 5
2
236
6
27.9
29.5
53
671
735
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :
Active spindles, last working day, total _ mil
18.7
Consuming 100 percent cotton
do
15.3
Spindle hours operated, all fibers, total
bil
124 6
Average per working day.
do
.471
Consuming 100 percent cotton
tio
103 6
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
20/2, carded, weaving. _
$ per lb__
.630
36/2, combed, knitting§
.do
.892
Cotton cloth:
Cotton broad woven goods over 12" in width:
8 966
Production (qtrly )
mil lin yd
Orders, unfilled, end of period, as compared with
avg. weekly production _ No. weeks' prod
18.2
Inventories, end of period, as compared with
5.2
avg weekly production No weeks' prod
Ratio of stocks to unfilled orders (at cotton
mills) end of period seasonally adjusted
.30
Mill margins
__ _
cents per lb_ 3 29. 49
Prices, wholesale:
Denim, mill
finished
cents per yd
36.6
Print cloth, 39 inch, 68 x 72
do . 4 16. 5
Sheeting, class B, 40-inch, 48 x 44-48
do
17.4
251
4
29 9
30.8
71
715
1 406
1 635
709
407
4
29 2
30.8
9.4
9.3
6.8
2
10.1
21.1
7.4
1.375
1.225
1.275
61.2
66 8
102.7
102.7
102.4
102.7
9 Includes data not shown separately.
*New series. Sources: Polyester staple price, U.S. Dept. Labor; wool imports, U.S. Dept.
Agriculture from Bureau of the Census records (such imports exclude animal hairs). Data
are available as follows: Price, back to 1955; noncellulosic yarn and staple—production, to
1951; stocks, to 1953; wool imports, to 1948.
101.7
101.7
102.4
102. 4
102.4
102.4
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
June 1966
1965
Apr.
Annual
May
June
July
1966
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
16, 033
18, 299
16, 003
May
TEXTILE PRODUCTS—Continued
APPAREL
Hosiery, shipments
_ __
Men's apparel , cuttings: J
Tailored garments:
Suits
_
Overcoats and topcoats
thous. doz. pairs_._thous. units _
__do
Coats (separate) , dress and sport
do
Trousers (separate) , dress and sport. . d o
Shirts (woven fabrics), dress and sport
thous. doz
Work clothing:
Dungarees and waistband overalls
do
Shirts
- do
Women's, misses', juniors' outerwear, cuttings: J
Coats
thous. units
Dresses
_
_
__ - __do
Suits
- do
Blouses, waists, and shirts
Skirts
thous. doz
do
189,534
194. 753
15, 033
13, 905
17, 289
16, 120
17, 105
17, 620
18,764
16,620
15, 445
15,015
20,343
3,956
22, 419
4,436
2, 059
1,889
1, 995
1,181
1,858
1,897
2.059
2,021
359
1, 731
1,766
449
10, 830
128, 378
12, 492
139, 009
1 034
12, 405
1,073
11, 937
1,099
12, 465
1,161
11, 295
26, 946
30, 321
2 804
2 573
2, 499
4,861
3,749
4,867
3,949
399
324
367
308
436
331
23, 708
271, 214
12. 235
25, 509
274, 541
11, 736
813
27, 879
1,340
25, 067
2,354
24, 311
518
903
18. 493
7, 919
16, 869
9,906
1 505
1 359
1,445
418
678
830
446
902
485
933
321
661
447
417
358
10, 214
1, 062
11, 937
1, 015
12,476
1 101
12. 309
1,138
10, 983
1,157
10, 461
1,894
2,439
2,542
2 641
2,735
2,519
356
261
410
355
465
322
485
361
409
334
394
339
2,301
19, 086
2, 437
21, 932
904
2,350
20, 660
975
2,794
21, 591
1,035
2, 637
20, 140
1,003
1, 788
19, 032
988
1,284
1,001
1,291
1,305
1,489
1,323
1 197
915
866
905
655
r
1, 787
••245
274
2, 116
301
r
r
l 123 1,307
11, 116 13, 670
2 331 ' 2, 406
2,711
••436
''351.
485
406
' 169. 1
3,400
47.0
186.8
3,616
68.8
435
341
953
561
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders new (net), qtrly. total
mil. $
U S. Government
_do
Prime contract
do
Sales (net) receipts or billings, qtrly. total do
U S. Government
do
17, 970
13, 516
16,282
16, 686
12,815
22, 182
14, 571
20, 099
17,017
12, 535
Backlog of orders, end of period 9
do
TJ S Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil $
Other related operations (conversions, modifications) products, services
mil $
15, 218
11, 658
6,276
1,527
20,383
13, 695 >*
8,885
2,502
Aircraft (civilian)' Shipments©
Airframe weight 0
Exports
do
thous Ib
mil $
4,558
5, 481
1,41.8
1, 855
1,066.1
22, 905
287.2
1, 592. 0
32,200
r 1473.0
159.6
3,174
51.8
5,106
3,298
4,589
4,206
3,081
6,092
3, 861
5,572
4,134
3,017
6,290
4,452
5, 597
4,627
3,426
16, 762
11, 824
7,056
1,771
18,720
12,669
8,506
1,948
20,383
13, 695
8,885
2, 502
4,725
4,867
5,481
1 568
1,681
119. 1
2,472
'23.2
130.8
2,562
24.1
145.2
2,866
61.1
148.4
2,682
57.9
986.0 1, 058. 6
960.7 1, 034. 3
894.0
832.7
880. 9
819.3
164.5
153. 3
153. 4
141.4
880.1
863.8
754.0
745.6
126.1
118.2
444.7
433.9
333.0
330.4
111.7
103. 5
592.0
567.4
452.9
438.5
139. 0
129.0
124.6
2,574
34.3
1, 855
160.6
3,186
49.5
172. 7
3,596
31.7
1, 010. 2 1, 058. 1 1, 043. 0
967.9 1,015.6 1, 006. 7
855.6
908.5
883.8
825.4
878.7
861.3
149.6
159.2
154.6
136. 9
142.5
145. 4
950.1
921.1
798.0
780.4
152.1
140.7
111.2
2,508
17.7
163.6
3,195
47. 1
r
61.8
MOTOR VEHICLES
Factory sales, total
Domestic
Passenger cars, total—
Domestic
Trucks and buses, total
Domestic
Exports, total
Passenger cars (new and used)
Trucks and buses
_thous__
do
_do
do
do
d^o
do
do
do
Imports (cars, trucks, buses) , totalcf
do
Passenger cars (new and used) c?
do
Shipments, truck trailers:
C omplete trailers and chassis
number
Vans
do
Trailer bodies and chassis (detachable), sold
separately
number
Registrations:©
New passenger cars
thous
Foreign cars
do
New commercial cars (trucks)
do
9,292.3 11, 057. 4 1, 017. 7
991.4
8,931.5 10. 716. 6
861.0
7,751.8 9.305.6
7, 554. 1 9,100.7
846. 9
156.7
1, 540. 5 1. 751. 8
1, 377. 4 1. 615. 9
144.5
917.6 1, 089. 8
889.9 1, 061. 5
766. 3
919.8
748.8
902.0
151.3
170.1
141.1
159. 5
936.2
935.5
811.0
793. 9
152.3
141.6
329.5 1 3 183. 0
176.7 1 3 115. 4
152.8 1 3 67. 5
16.6
10.1
6.5
13.8
8.2
5.6
11.9
6.6
5.3
10.3
4.9
5.3
8.0
2.2
5.9
13.1
7.7
5.3
20.3
14.0
6.3
21.6
16.6
4.9
25.1
16.5
8.6
18.9
12. 0
6.9
18.4
11.1
7.3
22.7
14.7
8.0
18.4
11.4
6.9
543,2
526. 8
599.7
568. 4
66.7
65.1
42.4
41.8
52.6
51.4
47.5
46.2
20.1
19.2
49.2
46.7
62.4
57.0
68.0
60.3
60.5
56. 3
83.3
78.9
77.6
73.9
98.8
94.4
62.5
59.5
86,938
51,836
103, 756
65,909
9,337
5,753
9, 390
5,923
9,134
5,544
8,174
5,261
8,752
5,627
8,649
5,533
8,760
5,716
8,363
5,684
9,062
6,060
8, 503
5,674
' 8, 489 11, 452
' 5, 593 7, 527
' 1, 621 2, 261
7, 794
14, 653
422
642
1,156
1, 593
1,146
1,849
2,402
2, 469
2, 021
1, 488
8, 065. 2
484.1
1,361.8
9.313.9
569.4
1, 528. 9
895.9
46.9
142.3
841.4
49.5
130.8
841.5
49.3
135.2
833.6
52.0
136.4
766.7
54.3
129.7
589. 5
51.7
122.6
745. 8
52.1
133. 1
793.9
47.3
122. 5
908.7
57. 1
147.7
606. 6
37. 0
109.2
721. 6
48.8
129.0
878. 8
59. 7
143.4
822.6
55.6
148.6
69, 074
45, 360
23, 714
77, 880
53,376
24, 504
6,166
4,040
2,126
5, 873
3,976
1,897
6,813
4,659
2,154
5,784
3,739
2,045
5,034
3,583
1,451
6,345
4,429
1,916
7, 112
4,883
2,229
6,983
4, 598
2, 385
8,894
6,512
2,382
7,725
5,297
2,428
6,262
4,550
1,712
8, 054
6,009
2,045
7,262
5,689
1,573
4.753
' 88, 204
3,065
65, 533
' 22, 671 1,688
5,839
5,241
598
8,555
7,971
584
6,330
5,586
744
8,774
6,161
2,613
7,821
6,441
1,380
6,429
5,691
738
7,661 ' 10, 009
5,606
5,850
2,055 ' 4, 159
8,460
5,906
2,554
35, 207
20, 875
14, 332
36, 744
23, 982
12, 762
37, 293
25, 832
11, 461
40, 832
28, 209
12,623
42,373
30, 291
12, 082
41, 735
31, 140
10,595
42, 736
32, 471
10,265
2 963. 5
2795.1
2 168. 4
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total
Railroad shops, domestic...
number
do
do
12,566 '11,256 12, 270
11,064 ' 9, 241 8,007
4,263
1,502
2,015
New orders
do
Equipment manufacturers total
do
Railroad shops, domestic _ _ _ - — ___-—-do_- —
71,072
44, 627
26, 445
Unfilled orders, end of period
Equipment manufacturers total
Railroad shops, domestic..
do
do
do___.
32, 949
18,972
13, 977
45, 266
32, 873
12. 393
35,225
19, 589
15,636
Passenger cars: Shipments
do
Unfilled orders, end of period
do.___
254
201
29
26
22
10
13
9
0
3
7
0
0
0
0
191
14
90
64
62
52
39
30
10
7
14
14
20
20
20
1,495
5.9
* 1,481
5.3
1,495
5.7
1,495
5.7
1,492
5.7
1,491
5.8
1,489
5.8
1,488
5.8
1,487
5.7
1,488
5.6
1. 481
5.3
1,479
5.3
1,480
5.4
1,480
5.0
Freight cars, class 1 (AAR): §
Number owned , end of period
Held for repairs, % of total owned
r
3
4
_. _thous_ _
Revised.
* See note "O" for p. S-21. 2 Preliminary estimate of production.
Beginning Jan. 1965, data exclude exports of incomplete'(unassembled) vehicles.
See note "§."
$ Monthly revisions for 1963-64 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
®Data include military-type planes shipped to foreign governments.
45, 266
32,873
12, 393
4
46, 004
33, 644
12, 360
51,760
39, 878
11,882
54, 721
42,905
11,816
59,652
45, 219
14, 433
4
1,484
4.9
cTData cover complete units, chassis, and bodies.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars. Effective Apr.
1966, data include cars owned by three class II roads (over 2,600 cars end of Apr. 1966). Also,
change in definition of class I railroads, as stated in 1965 BUSINESS STATISTICS note, is reflected
in figures beginning Dec. 1965, instead of Jan. 1965.
TO
Generals
Business indicators, . . . V, ,"; . ; . . » • , , . , . , * . , . . . « ' . , ' , „
1-7
Commodity prices. . , , , , . , . f . • . , . » , , < , . , . / . , . /«
7,8
Construction and real e s t a t e . . , , , . , , , . . , , .
9,10
Domestic trade, , » . . , , , . . . ' . . . , . . . . , , '
, \ , , . , r 10-12
Employment and population, . , , , . > , , , . . . , . . . .
Finance.
, . , , , . .v\ ,
,, J;...
Foreign trade of the United S t a t e s , , . . , ; « , , ; . .
Transportation and communications. .•,,.,.,;.,',
12-16
16-21
21-23
23,24
Industry s
Chemicals and allied products. . , » ; . . * . . » ^ , . . .
25
Electric power and gas
,
26
Food and kindred products; tobacco
26-30
Leather and products,
,
30,31
Lumber and products
,
,'. •
31
Metals and manufactures. , . . . „ , , , ,
, . _ , . 32-34
Petroleum, coal, and products.,,,'
,..
35,36
Pulp, paper, and paper products
, ' . . . . ; . . , 36,37
Rubber and rubber products. , „ . . , , ' - . , , . . —'..
37
Stone, clay, and glass products. , , » ) . , '
38
Textile products
,
- , . . » . . . . . . . . 38-40
Transportation equipment.
— -.,
40
INDIVIDUAL SERIES
Advertising.... . . . . . . . ' . , . . . . . '
, . . . . 10,11,16
Aerospace vehicles
.,,,..,.»,,,.,.,,»
40
Agricultural loans
'...;,.,,.,,•.,.»
16
Air carrier operations
,...,,,,„.,'.,...
23
Aircraft and parts. , , , , , , » • . . . . . , . , , , . . , , 3,6,13-15,40
Alcohol, denatured and ethyl
,.,,,,
25
Alcoholic beverages. , , ; . , , . . . . , . . .
0,10,26
Aluminum
.
'..'.,;...'..:.,. 23,33
Apparel
;.... 1,3,4,7,8,10-15,40
Asphalt and tar products
» » , . ' , , , . . , . , 35,36
Automobiles* etc
. . . . 1,3-8,10,11,13-15,19,22,40
Balance of international payments
'.'...,„,:
16,17
Banking.
...»
27
Barley.
33
Barrels and drums. . . . . . . . . .
,-..,.....:.
34
Battery shipments.
..,.».,,..,......
28
Beef and veal . . . . , . . „ , , , , . . • , . . . > . . , , .
Beverages
. . , . . . . » » , 4,8, 10,26
Blast furnaces, steel works etc.
5,6, 13-15
Bonds, outstanding, issued, prices, sales, yields.».. 18-20
33
Brass and bronze,'•.,..;
—
38
Brick...........
' . , . . . . ; , . , : . . 3. ; . . . . V . ; .
Broker's balances,....«:
^,,,,. ,,,.,»,....
20
36,38
Building and construction materials
8,10,31,
9,10
Building costs
9
Building permits. . . .
,,,»......,,...,
1
Business incorporations (new), failures.»...
4,5
Business sales and inventories.
27
Butter.,.,,;.,,,
Cans (tinplate),.,
33
Carloadings.
,,..,..
24
Cattle and calves,
,.,
28
Cement and concrete products
8-10, $8
Cereal and bakery products,
',.
8
Chain-store sales, firms with 4 or more and 11 or
more stores*.... ^ . . . . . . . . . l , , , . . , . . . > . . . . . .
12
Cheese
,. i.....,,,....,....,.....;.,.....
27
C h e m i c a l s . , , , . , . . , , , , . . . . . . , , 4-6,8,13-15,19,22* 25
Cigarettes and cigars.
; . . /;;
. . . » * • 8, 30
Civilian employees, Federal.
'.'..:.
14
Clay products.. ; . .
,'
;
„ . 8, 38
Coal, . . . . . v
, . , . ; . 4<8,13-15,22,24,35
C o c o a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . 23,29
Coffee
1 . . , , . , , , , V. . . . . I , , , , , , . . , . , . , . . . 23,29
Coke..,.,,'....,:.:,. i24,35
Communications. . . , . . . . . . . . . , , , . , ; . .2,13-15,20,24
Confectionery, s a l e s . . . . . . . . . . . . .,'; . —
29
Construction:
Contracts.,.,,»,,..•
.,..,..;.
9
Costs.
...;...:..-,'.. /
, . . , . . . . . , , 9,10,
Employment hours, earnings, wages,, ^ . . . . . . . . 13-^16
Fixed investment, structures, . «
,'„ , „ . . . . ;
1
Highways and r o a d s , . , : , . . . . . . ; . . . . .
9» 10
Housing starts..
;
,
9
New construction put in place.
•„,.,,.,
9
Consumer credit...... —• . ; , , . . . . . . . . . . . . . . . . . 17,18
Consumer expenditures.........», i . . , . , . , . , . . .
1
Consumer goods output, index.
I.,,.....,
3,4
Consumer price I n d e x . , ' , , . . . , .
7
Copper...,
. , . . . . . . / , , . . . , . . . . . . . . . . . . 23,33
Corn.- .;
•,/,.,.,,,„.,..,,..
,,..:.
27
Cost of living (see Consumer price iridex),.......
7
Cotton, raw and manufactures.;...,;./, 7, g, 22,38,39
Cottonseed cak£ and meal and oil;. ',.»,.......;
30
Credit, short- arid intermediate-term.,»,
17,18
Crops......
; , , , , . . 3,7,27,28,30,38
Crude oil and natural gas,..... 1 . « , , : , , . . . 4,13-15,35:
Cutrencyiin circulation.,:.......... '.,,;,.,.,;>,;,
19
Dairy p r o d u c t s , « , , , , » . . . / . ; . . . . . . . . . . . . . . . . 3,7,27
Debits, bank,. . . . , J . , . . . / . . . . ; . i . , . < : , , , .
16
Debt, U.S. Government...../,:....;......
18
Department stores.,.'.
.,
' ; . . ' . . . . . 11,12,17
Deposits, b a n k . , , , . . . . , . . . . . . . , , . ; . . , ; . . . ; ; . 16,17,19
Disputes, industrial, * „ » , . , . . . . . , . . . . . . , , , , . . , . .
16
Distilled s p i r i t s . ! , , . . ; . . , , ; . , . , ; . . . ; . , . . . . , , , ^
26
Dividend payments, ratet, and yields; . .
2,3*10-21
Drug stores, sales,... ; , . . . , . . . . 4 , , _ . ; ; . . . . . . . 11,12
Earnings, weekly and hourly.
14-16
Eating and drinking places
11,12
Eggs and poultry,
,,...
.... 3,7,29
Electric power. .
, . . . . . . . . , . . . . . , , , . . 4,8,26
Electrical machinery and equipment..
3,
5,6,8,13-15,19,22,34
Employment estimates,
12-14
Employment Service activities
16
Expenditures, U.S. Government..
18
Explosives
,.,,.
25
Exports (see also individual commodities).... 1,2,21-23
Express operations,
23
Failures, industrial and commercial. . . . . . . . . . . . .
7
Fans and blowers
,,,..,..,,,,.,.
34
Farm income, marketings, and prices.
, 2,3,7
Farm wages
......;..,
16
Fats and oils...,
8,22,29,30
Federal Government
finance
18
Federal Reserve banks, condition of.
16
Federal Reserve member banks
17
Fertilizers..;.......
'.,,,
8,25
Fire losses. . . . . .
,
10
Fish oils and
fish,.....,.....
1
;
29
Flooring, hardwood.,.,.•,31
Flour, wheat.....,..,. ^
,
28
Food products.... 1,4~«UO, 11,13-15,19,22,23,27-30
Foreclosures, real estate.
.,.,;.......,,.
10
Foreign trade (see also individual commod.)..... 21-23
Foundry equipment,
34
Freight earloadings, ; . . . . . . . . .
24
Freight cars (equipment)
4,40
Fruits and vegetables
7,8,22
Fuel oil.
,
,
35,36
Fuels
,
4,8,35,36
Furnaces.,
,».,
...,,,.,.«,.,
34
Furniture,.,,..,
,
. . . . . , , , , 3,4,8,11-15,17
Furs.
,...
23
Gas, output, prices, sales, revenues
4,8,26
Gasoline
,,,,.....
1,35,36
Glass and products.
,
38
Glycerin.
.,,..,,
25
Gold
,
,,.,..,...,
19
Grains and products
7,8,22,24,27,28
Grocery stores.
11, 12
Gross national product
,
1
Gross private domestic investment.
,,.
1
Gypsum and products,,......,
;..,.,
, 8,38
Hardware stores.
11
Heating equipment.
8,34
Hides and skins
,.,,,..
8, 30
Highways and roads.
9,10
Hogs,..,....'... v.
,
28
Home Loan banks, outstanding advances...,,.»,
10
Home mortgages, . . » . , , , , , . , . , . ,
.,
10
Hosiery
........,,.,,
40
Hotels.....,,....,,...,..
, , . 14,15,24
Hours of work per week.
14
Housefurnishings,,,
1,4,7,8,10-12
Household appliances and r a d i o s . . , , , . . , . , , 4,8,11,34
Housing starts and permits. »
,
9
Imports (see also individual commodities)., , , , 1,22,23
Income, personal
2,3
Income arid employment tax r e c e i p t s , . , . , , , , . . , ,
18
Iridustrial production indexes;
By industry........ ; . . : , . . . , . . .
3,4
By market grouping.
3,4
Installment credit,,
,
12,17,18
Installment sales, department stores
»
,,
12
Instruments and related products.......... 3,5,13-15
Insurance, life,...
,..;..;..
,..»,
18,19
Interest and money r a t e s . . , , . , . . . . . . . . , . . . . , . , -. 17
Inventories, manufacturers* and trade,. . . . . . 4-6,11,12
Inventory-sales ratios. , , ; , . . » . . . , . . . . . .
....
5
Iron arid steel...... 3,5,4 8,10,13-15,19,22,23,32,33
Labor advertising index, disputes, turnover.
16
12
Labor force.
,.,,.....
28
Lamb and mutton. . . . . . , ,
28
Lard...,.,.,,,..;;;...,
v..,.l
33
Lead.
Leather and products. . . . . . . 1 . , . , . . 3,8,13-15,30,31
Life insurance.,.,,,,,..,.
,
18,19
Linseed oil.
30
Livestock...,,,,,,.
,
3,7,8,24,28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit). ,
10,16,17,20
Lubricants...,,,,., /.
, , . , . . , . . . . . . . . 35,36
Lumber and products. .'...,'..;...... 3,8,10-15,19, 31
Machine toools.
34
Machinery......,,,......,., 3,5,6,8,13-15,19,22,34
Mail order houses, s a l e s . , . . . , , . , . . . .
......
11
Manmade fibers and manufactures.
8,39
Manufacturers* sales (or shipments)^ inventories,
- orders
-..,,
, . , - , . , . . , . , , , . . . • . . , ' 4-6
Manufacturing employment, production workers,
payrolls, hours, e a r n i n g s . , . , , , , . . . . . . , »
, 13-15
Manufacturing production indexes,
3,4
Margarine^
1 .,....,,.v,.
29
Meat animals and meats..
, , , . . ; . . . * 3,7,8,22,28
Medical and personal care,
< . , , , . . . . . . . \.
7
Metals.
3-6,'8,13-15,19,22,23,32-34
Milk.;../
;,,;.;,;.,,,;.......-.,.,..,.
27
Mining and minerals...:,.,...... -. 2-4,8,13-15,19, 20
Monetary statistics,
19
Money supply,............ . , , , , . „ , .
19
Mortgage applications, loans,Crates,......... 10,16,17
Motor c a r r i e r s . . . , . , . . , . . . . , , 1
1..... 23,24
Motor vehicles,
'.
1,3-8,10,11,13-15,19,22,40
Motors and generators,
,,
34
National defense expenditures...... f , . » . . . . . . , . 1,18
National income and product* /*
,........
lt 2
National parks, visits.,./.».. v . , . , . . . . . . . . / ; . .
24
Newsprint.; -. .*,;
....\, V..'..'; V , ; , . . . ' . > , , ' . . V , ' . -23r37
New York Stock Exchange, selected data, ....„'„ ?. 20,21
Nonferrous metals
,'. „ 3* 8,19,23,33, 34
Noninstallnient credit
. , . , . . . . , ; " . . . « „ . . . . . . 17,18
Oats.,
, . , » , - . „ . , . , ; . . /,,
,.,,,.,•,....;....«
'27'
Qil burners, . . , , . , , , . . . . . /.. , . , . , . , , . , , , . , , ,
34
Oils and f a t s . . . . .
. . . , . . . . , . , . , . , ; , . . 8,22, 29,30
Orders, new and unfilled, manufactures'
,;
6
Ordnance..,,,.......,„ . . . . . . , . , . . . . . . . , ; 13-15
Paint and paint materials. . L . , » . . . , . . . ; , . , , . . . . 8,25
Panama Canal traffic . , » „ . < ; , . . . , , , , , . , , . . . . , ,
24
Paper and products and pulp. . . . . . . . . . . . . . . . . .
3,
5,6,8,13-15,19,23,36,37
Parity ratio. , . . , * / . . . . , ;
...,<..:,,,,,...,
7
Passports issued.
,....,,,
24
Payrolls, i n d e x e s . . » . . . . . , . , ,
«
14
Personal consumption e x p e n d i t u r e s . . » . . , . . . . . . , ,
1
Personal income. *..'
.,.,,.,,.,.,,..,,,,.,,
2,3
Personal o u t l a y s . . . . . . . , . . . . . . , . , , . , «
2
Petroleum and products,
„-.... 4-6,
8,11,13-15,19,24 23,35,36
Pig iron
32
Plant and equipment e x p e n d i t u r e s , . . . , , . . , , . . . , 2,20
Plastics and resin m a t e r i a l s . . . . . . . . . . . . . . . . . . . .
25
Population,.«„•
,...,,..,
12
Pork, , , , , , . . . . , . . . . . . ,
...,...,..,,
28
Postal savings....
..
,
17
Poultry and e g g s . , . . . . , . . . . , . . . . . , , , , .
.3,7,29
Prices (see also individual commodities).........
7,8
Printing and publishing. . , . . , , . . . . . .
4,13-15
Profits, corporate;,
2,19
Public utilities.,.
,,
2-4,7-9,13-15,18-21
Pullman Company,,
,
24
Pulp and pulpw o o d . . . , . . . ; , . , » »
36
Purchasing power of the dollar
,,...,
8
Radiators and convectors.. , ,
.
34
Radio and t e l e v i s i o n . , ' . . . . . , , , . , . . , . . . , 4,8,10,11, 34
Railroads,
2,13,14,16,18,20,21,24,40
Railways (local) and bus l i n e s , . . . . . . » , , , , . , . 13—15,23
Rayon and acetate
,,....,.,.
39
Real estate. . ,
.,..,
10,17,18
Receipts, U.S, Government. » , . » , . . ; ,
,,,
18
Recreation,. ^ . . . . . . . . . . . r . ; . . , . . . . . , , . . . . . . . .
7
Refrigerators and home freezers
34
Rent ( h o u s i n g ) . . . . . : , - , ' , , . , ' ' . , « . , . . , . . ' . . . , . . . « ,
7
Retail trade
4,5,7,11-15,17,18
Rice.
,./,;,.,,,,.
27
Roofing and siding, asphalt. , . , , , . . . . < . . . ; . . . . ,
36
Rubber and products (incl. plastics),....
. . . 4-6,
8,13-15,23,37
Saving, personal,
.L ,,
2
Savings deposits
17
Securities issued
. . , , . . . . / . , . 19,20
Security markets
,
20,21
Services. . . . . , , , . ,
, , , . . . , , . ; 1,7,13-15
Sheep and lambs....
,
.,,..;.........
28
Shoes and other footwear.......
. . . . . . 8,11,12,31
Silver.
..,.,...;..
19
Soybean cake; and meal and oil
,
,»
30
Spindle activity, c o t t o n . . , , . . . . . , ; , :, , . . : , . . , , ,
39
Steel ingots and steel manufactures.. .
, , , ^2,33
Steel scrap.
....,.,.,..,.
.,
32
Stock prices, earnings, sales, etc.
«
;; , . 20,21
Stone, clay, glass products. . . ' . ' . . . .. 3-5,8,13-15,19,38
Stoves and r a n g e s , . . . , , , , , . .
34
Sugar
,.,,
;
, , . . ; , , , . 23,29
Sulfur......,...,..,,,.,.;
25
Sulfuric acid
,. v . . . , , . , . . . . . , . . . . . . . . » . .
25
Superphosphate.,
25
Tea imports.
,.,',,,,..'.
,.,,,,.,,,,,
29
Telephone, telegraph, cable, and radiotelegraph
carriers,.,,.,,.,,
, , . ; , . . . . . . , , ; . . . . .13-15,24
Television and radio
4,8,10,11,34
Textiles and products, '...'. 3, 5,6,8,13-15,19,22,38-40
.*Tin,v; . ; . , . , . . . , , , , • . . ; , / , : . . ; . . . i; v . , • • ; . . . . . . . 23,33
Tires and inner tubes.
,
8, II, 12,37
Tobacco and manufactures.,
: 4-8,10,13-15,22,30
Tractors... . . , , . . . . . , . . . .
.......,.. 22,34
Trade (retail and w h o e l s a l e ) . , , . . . , . . . . . ; , , 4, S, 11,12
Transit lines, local. . , , . . . . , .
.,,,,.,,..,
23
Transportation
1,2,7,13-1$, 23,24
Transportation equipment..,. , ,
. 3-6,13-15,19,40
Travel.,.,,,
,
,..,. 1 . , , . , , 23,24
Truck trailers
,..,....,,»
.....
40
Trucks (industrial and other). . . ,
, , , . . . . 34,40
Unemployment and insurance, » . . . . . . . . . . . , - , - , , , 12,16
U.S. Government bonds.
16-18* 20
U.S. Government
finance,
. , , , . . . . . . , , : 18
Utilities
. . . . , , , , . . . . . . . . 2-4,9,13-15,18-21^ 26
Vacuum cleaners. . . . . . . . . . . ' , , - , , , ,
34
Tariety stores.
. 11,12
Tegetable oils
,.,.
, . . V,
".
30
Vegetables and fruits,
. » . , , , , , . . , , , , 7,8,22
Vessels cleared in foreign trade.
24
Veterans* benefits,..,
. , . . . , , , . , , . . . . . . 16,18
Wages and salaries.
,2,3,14-16
Washers and driers.. . . . . , . . . . . , / . . . ; . . . - . '
.
34
Water heaters,
',.'.',">
,,;
34
Waterway trafiic.
...,,:.:
24
Wheat and wheat flour ,:
,,
28
Wholesale price indexes
.,,.,... i . , . , . , * , .
8
Wholesale trade,
;
.4,5,7,13-15
Wood pulp.. ,
;.,,...
36
Wool and wool manufactures.,...;.....,,,, 7,8,23,39
2Snc
.',,;..:....'.. 33,34
POSTAGE AND FEES PAID
O . - S . GOVERNMENT PRINTING OFFICE
UNITED STATES
G O V E R N M E N T PRINTING OFFICE
1INGTON. D.C.
First-Class IV
Volume 46
Survey of Current Business
Numbers 1-6
First-Half 1966 Index
ol Special Articles and Features
SPECIAL ARTICLES
National Income and Product in 1965
The Production Expansion in Perspective
The Balance of Payments
Employment—Prices—Finance.
Federal Programs for Fiscal 1967...
Growth Patterns in Employment by County,
1940-1950 and 1950-1960
Business Investment and Sales Programs for
1966—Substantial Advances Anticipated.....
The Balance of International Payments: Fourth
Quarter of 1965
No.
1
1
1
1
2
No.
Page
3
13
16
19
4
9
Total and Per Capita Personal Income, 1965—
Record High in All States and Regions. . . . . . .
Recent Financial Developments
A Quarterly Econometric Model of the United
States: A Progress Report
Foreign Travel Payments Continue To Rise in
1965....
The U.S. Balance of International Payments in
the First Quarter of 1966
Page
7
8
13
15
18
16
FEATURES
Corporate Profits Rise.
Manufacturers' Inventory and Sales Expectations for the First Half of 1966.
Revised Projections of Foreign Plant and Equipment Expenditures by Affiliates of U.S. Firms.
First Quarter 1966 GNP
• No.
3
Page
3
Meat and Poultry Prices.
Residential Construction Activity
Capital Investment To Rise Throughout 1966.. .
Manufacturers' Inventory and Sales Expectations—Second and Third Quarters 1966
LATEST SUPPLEMENT
Business Statistics—1965 Edition
Price $2
Orders may be placed with the Superintendent of Documents, U.S. Government Printing
Office, Washington, D.C., 20402, or the nearest U.S. Department of Commerce Field Office.
Check or money order should be sent with orders.
No.
5
6
6
Page
5
3
8
13
@FedFRASER