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April 2,1976 A WEEKLY v BUSINESS I STATISTICS SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS* U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS Billion $ 450 425 — Bill ion $ 450 Monthly TOTAL LOANS A N D INVESTMENTS - ( W e e k l y R e p o r t i n g M e m b e r Banks o f Federal Reserve System) - 400 *-~ 375 425 - 1976 400 1975 XsA^,,/^^ 375 350 - - 350 325 - — 325 300 (average of Wednesday data) 275 250 i i i i i 1 i i i i i 1973 i i i i i 1 i i i j..__ i i i 1974 i i 1 i i i i i —.1—L-.L..J. ..J 1975 {Wednesday - 275 1 1 1 1 L—I-...L-I. J - - J 1976 300 data) 250 1 1 1 1 1 1 1 1 F M A M J J A S O N D Data: Federal Reserve Board INDEX, 1941-43=10 INDEX, 1941-43 = 10 Monthly 135 _ PRICES OF 425 INDUSTRIAL STOCKS - ( a v g . o f d a i l y close) Weekly — f (Wednesday close) J 976 - 125 llO — 105 95 - 85 - 75 —I—I—I—I L_ I I I I 1 I 1973 1 i i i i i 1 1 I I i I i 1 1 1 1 1 1 1 ! 1975 1974 i i i 1 1J J 1976 I I F M A M J J A S O N D Data: Stand. & Poor's Corp. 1967=100 140 TOTAL INDUSTRIAL PRODUCTION ~ (F.R.B. seas. a d j . index) DOLLARS 5.40 MANUFACTURING HOURS & 5.20 EARNINGS HOURS 52 50 (Hours seasonally adjusted) 48 5.00 h " 130 4.80 h 4.60 \- 120 46 Average Hourly Gross Earnings (left scale) 44 S Average Hour Per Week (right scale) 4.40 42 40 110 I I M I I 1 U.4 1 I I " I i 1 1973 Data: Federal Reserve Board 1974 I I l i I l I 1 i 1.1 1 1 1 1 1 1' ' 1• ' " I 1975 1976 1973 U.S. Dept. of Labor * Available only with subscription to the SURVEY OF CURRENT BUSINESS, this Supplement and monthly data subsequent to those published in the latest monthly SURVEY provides selected weekly 1974 1975 ' ' • ' 1976 38 WEEKLY BUSINESS STATISTICS1 1976 1975 Mar. 22 Mar. 29 Mar. 6 Mar. 13 Mar. 20 Mar. 27 197.1 199.9 195.1 197.8 223.0 182.0 200.8 229.6 183.0 193.7 199.8 189.4 195,3 201,9 190.7 196.9 199.9 194.8 10,392 7,263 10,849 7,635 11,433 7,842 11,559 7,698 11,932 7,917 499 5,821 5,021 302 477 5,853 5,020 247 367 4,573 3,598 228 343 4,466 3,495 208 330 261 304 77,874 89,381 34,510 20 77,767 92,719 34,819 144 84,106 102,842 34,094 417 84,787 99,383 33,396 115 85,260 99,776 33,958 252 e85,181 103,118 33,591 155 101,068 61,632 379,840 26,915 102,076 61,555 375,791 27,243 126,270 60,01.8 125,732 59,508 101,713 76,031 376,483 40,477 115.977 59,673 104,131 76,469 381,558 40,265 115,919 59,614 103,436 76,817 380,007 41,754 115,781 59,595 ................do... 9.28 84.34 94-60 9.34 83.59 93.89 9.20 99.98 112.38 9.20 100.94 113.57 9,18 100,86 113.48 PRODUCTION: Bituminous coal Electric power, by utilities Motor vehicles (passenger cars) Petroleum (crude) and condensate 3/ thous . sh. tons . mil. kw.-hr. number. thous. bbl. 12,395 34,519 124,800 8,370 11,920 34,116 105,821 8,385 12,325 36,420 174,481 8,049 13,235 37,511 184,634 8,049 13,330 37,307 177,979 8,049 Steel, raw Rate of capability utilization 5/ M I L FREIGHT, REVENUE TON-MILES. thous. sh. tons . percent. bil. 2,669 2,673 14.6 13.7 2,468 82.7 14.8 2,538 85.0 15.0 2,508 84.0 15.1 WHOLESALE PRICES, 22 COMMODITIES 2/ 9 Foodstuffs 13 Raw industrials 1967=100. do. . . do... ALL RETAIL STORES, SALES Nondurable goods stores mil. $. do. .. INITIAL UNEMPLOYMENT CLAIMS, State programs thous. INSURED UNEMPLOYMENT, al 1 programs do. . . State programs (50 States, D.C., and Puerto Rico) do... FAILURES, INDUST. AND COMMERCIAL (Dun § Bradstreet)...number. FINANCE: Currency in circulation 3/ mil. $. Federal Reserve bank credit outstanding, total 3/ do... Member bank reserve balances 3/ do... Excess reserves, estimated 3/ do... Assets and liabilities of large commercial banks: 4/ Demand deposits, adjusted do... Savings deposits do... Loans and investments, gross adjusted, total do... U.S. Government obligations do... Commercial and industrial loans (gross) do... Real estate loans (gross) .. =. .do. ,.. Bond yields, domestic corporate (Moody's) 3/ C + n^l, Jl-Wt-ft ^~1 ~nrjJJ.J.\_UO , CnCl U\J\J ^4-n«l,n J*,\J\~l\J rC+nr,^ ^UtOUU^ P M D n n v l r l l \J\JJ. ~> J Industrial, 425 stocks percent. A I 1 Q A 1 ... A 1- 1 fl -TJ • • • • • • - ' - T ••. -r*s J.U . 9.14 1.03.42 116.57 184,244 2,592 86.8 1/ Data do not always cover calendar weeks. 2/ Tuesday price. 3/ Daily average. 4/ Wednesday data. 5/ Capability for a full order book based on current availability of raw materials, fuels, supplies, and industry facilities, e/ Estimated. MONTHLY BUSINESS STATISTICS Feb. Nov. Dec. Jan. p_/ Feb. e/ GENERAL BUSINESS INDICATORS INDUSTRIAL PRODUCTION (F. R. INDEX OF QUANTITY OUTPUT): 1/ SEASONALLY ADJ., TOTAL INDEX (INCL. UTIL) 1967=100 BY MARKET GROUPINGS: Products, total do.. Final products do. . Consumer goods do.. Durable consumer goods do.. Automotive products do. . Autos do.. Auto parts and allied goods............do., Home goods do.. Nondurable consumer goods do. . Clothing do. . Consumer staples do.. Equipment Business Defense and space equipment Intermediate products Materials Durable goods materials Nondurable goods materials Fuel and power, industrial BY INDUSTRY GROUPINGS: MANUFACTURING, TOTAL Durab le manufactures Primary metals Fabricated metal products Machinery Transportation equipment ..,,.„.... Instruments Lumber and products Clay, glass, and stone products Furniture and fixtures 113.7 111.2 rll7.6 rll8.5 119.5 120.1 115.4 114,9 120.1 104.0 80.3 62.6 114.4 117.5 126.5 95.0 134.5 113,7 113.4 118,9 101.0 78.2 58.9 115,5 114.0 125.6 94.5 133.6 r!18,0 rll7.9 rl28.9 rll8.8 rl09.3 100.0 rl27.2 124.2 rl32.7 rl06.2 rl39.8 rll9.4 rll9.1 rl30.3 rll9.9 rill.8 rlOO.l rl34,l rl24.5 rl34.3 rl08.0 rl41.2 120.5 120.1 131.5 121.9 113.0 99.2 139.7 126.8 135.1 121.1 120.7 132.3 123.3 117.0 105.1 140.0 127.0 135.7 141.8 142.2 .-. do.. do.. do.. do. . do., do.. do.. do.. 107.8 122.3 83.8 117.6 110.5 110,3 109.2 117.8 105.3 119.3 82.4 115.1 107.4 107.0 105.7 118.1 rl02.5 rll6.5 r79.4 rll8.5 T116.8 rll0.9 rl24.9 rl20,7 rl03.6 rll7.9 r79.7 rl20.6 rll7.1 rill. 3 rl25.6 rll7.3 104.3 118.7 80.2 121.7 117.9 112.5 126.2 117.4 104.5 119.2 80 122, 118, 113 126, 118, do. . do.. do. . .. do.. do.. do. . do.. do. . do, . do.. 111.8 108.2 107.2 118.2 119.6 109.3 104.8 102.1 113.7 115.6 77,1 134.2 99.6 107,8 110.6 rll6,3 rl07.8 r98.1 rll7.3 rll4.2 r94.1 137.0 rllS.O rill.2 rlll.O rll7.2 rl08.4 r95.3 rll8.1 rll5.3 95.4 rl38.2 rll6.8 rll2.2 rll2.3 118.0 109.2 97.7 118.3 115.6 94.1 140.6 120.1 117.8 113.6 119.0 110.1 98.8 119.4 116.2 95.5 141.5 78 139 99 115 110 r/ Revised. p_/ Preliminary, ej Estimated. 1/ Data for many of the industrial production indexes appearing in the March 26 BUSINESS STATISTICS are incorrect. The corrected indexes are shown here and will be in the March SURVEY. 31,514 MONTHLY BUSINESS STATISTICS — Continued 1975 ITEM Feb. Jan. 1976 Nov. Dec. Jan. pl31.0 pl25.9 el31.7 p79.2 pl31.4 pll2.2 pl56.5 pl23.0 155.5 pl32.3 ell2.5 el58.0 el20.8 Feb. GENERAL BUSINESS INDICATORS—Con. IND. PROD. (F. R. INDEX OF QUANTITY OUTPUT)--Con. 1/ SEAS. ADJ., TOTAL INDEX (INCL. UTIL.)--Con. BY INDUSTRY GROUPINGS—Con. MANUFACTURING--Con. Nondurable manufactures 1967=100. Textile mill products do... Appare 1 products do... Leather products , do.. . Paper and products do... Printing and publishing do... Chemicals and products do... Petroleum products do... Rubber and plastics products do... Foods do. . . Tobacco products do. .. MINING ". do. . . Metal mining do... Coal * do.. . Oi 1 and gas extraction do... UTILITIES do... Electric do.. . 117.2 95.6 94.0 66.1 114.3 104.1 139.0 126.8 135.4 122.3 104.7 107.0 133.8 111.3 102.9 152.1 162.5 115.6 93.3 92.6 66.7 109.5 104.7 134.6 123.7 132.0 122.3 108.4 108.6 131.1 117.5 105.0 150.9 161.1 rl28.7 rl25.2 rl01.3 r83.5 127.3 106.2 rl55.2 rl26.8 rl51.5 rl29.1 rll3.7 rl06.9 122.1 rll9.9 rl03.8 rl54.0 rl65.1 rl30.0 rl25.7 104.0 81.5 rl29.0 rl08.5 rl56.1 rl27.5 rl53.7 rl31.2 104.6 rl04.1 rl20.9 rl04.5 rl02.6 rl56.1 167.0 166 = 3 106.2 174.9 170.4 164.8 174.3 162.6 154.9 170.4 77 167. 106. 177. 168. 166. 175. 164. 157. 172. 76 178.2 107.7 189.4 179.2 176.9 190.7 172.9 167.1 182.2 87 112,633 88,856 77 81,086 11,621 112,633 32,838 28,644 70,679 el33.3 pl04.9 123.7 pl07.3 pl02.2 t>157.0 el03.0 e99.9 el57.9 178 107 190 180 177 190 172 165.1 182.6 179.8 107.6 rl92.3 rl81.G rl78.7 rl91.5 rl74.9 rl66.8 rl84.5 87 pl80.7 pl08.0 pi95.1 pl80.2 pl79.6 pl92.3 pl75.0 pl69.5 pl84.7 93 118,432 95,051 45 85,137 11,599 118,432 32,125 25,971 76,683 123,997 99,149 211 87,934 11,599 123,997 34,780 26,052 78,770 rl23,983 r99,504 r66 89,971 11,599 rl23,983 r38,326 r27,306 76,516 pl22,100 98,389 61 88,990 11,599 pl22,100 36,142 24,555 76,648 el03.1 LABOR FORCE, EMPLOYMENT,. AND EARNINGS Earnings per production or nonsupervisory worker on payrolls of private nonfarm establishments: Average hourly earnings index, seasonally adjusted: Current dollars 1967=100 1967 dollars do. . Mining do. . Contract construction do. . Manufacturing do. . Transportation, communication, e l e c , gas, etc do.. Wholesale and retail trade do. . Finance, insurance, and real estate do.. Services do. . HELP-WANTED ADVERTISING, SEASONALLY ADJUSTED INDEX do.. FINANCE FEDERAL RESERVE BANKS, CONDITION, END OF MONTH: Assets, total Reserve bank credit outstanding, total Time loans U.S. Government securities Gold certificate account Liabilities, total Deposits, total Member-bank reserve balances Federal Reserve notes in circulation mil. $ do. . do. . do.. do.. do. . do. . do.. do.. 112,562 88,669 103 81,344 11,635 112,562 33,631 28,839 69,945 MONEY AND INTEREST RATES: Home mortgage rates (conventional 1st mortgages): New home purchase (U.S. average) percent. Existing home purchase (U.S. average) do.. . 9.33 9.53 9.12 9.40 9.01 9.30 9.01 9.28 rS.99 r9.27 p8.94 p9.24 9,203.0 9,124.1 9,373.4 9,816.6 9,635.5 8,543.8 8,498.1 8,754.6 7,169.7 7,927.6 526.7 513.7 409.3 910.7 8,203.6 9,328.7 9,303.5 9,249.9 8,888.9 8,525.7 8,769.8 8,760.2 9,103.4 9,009.0 9,176.0 8,742.4 8,737.6 8,800.1 8,111.2 8,940.9 8,324 6,978 5,703 6,071 7,246 373 608 843 165 1,440 334 515 855 160 1,257 284 297 516 146 926 296 319 559 152 912 317 307 552 160 1,074 931 500 877 213 664 3,140 1,194 1,196 800 295 771 182 512 2,390 939 886 549 285 542 170 388 2,435 819 1,083 553 264 530 151 528 2,624 927 1,126 675 282 546 182 868 3,240 1,074 1,471 **3,711 **2,375 **914 **3,776 **778 **1,345 **1,313 **5,315 1,130 515 279 1,189 232 354 414 1,589 1,246 579 321 1,170 258 359 557 1,581 1,025 530 338 1,812 240 416 896 1,988 FOREIGN TRADE EXPORTS (MDSE. ) , INCL. REEXPORTS, TOTAL Excl. Department of Defense Shipments Seasonally adjusted GENERAL IMPORTS, TOTAL Seasonally adjusted mil. $. do.. . do.. . do. . . do. .. METALS AND MANUFACTURES STEEL PRODUCTS, NET SHIPMENTS: Total (all grades) thous. short tons. By products: Semifinished products do.. Structural shapes (heavy), steel piling do.. Plates do.. Rails and accessories do.. Bars and tool steel, total do. . Bars: Hot rolled (incl. light shapes) do.. Reinforcing do. . Pipe and tubing do.. Wire and wire products do.. Tin mill products do. . Sheets and strip (incl. electrical), total do.. Sheets: Hot rolled do.. Cold rolled do. . By market: Service centers and distributors Construction, including maintenance Contractors ' products Automotive Rail transportation Machinery, industrial equipment and tools Containers, packaging, shipping materials.., Other r/ Revised, p/ Preliminary, e/ Estimated. do.. do. . do.. do. . do.. do.. do.. do.. 4,873 2,635 1,149 3,045 *969 1,649 i 1,814 6,479 1/ See note 1 on p. 2. V For 1st quarter 1975. * V For 2nd quarter 1975. MONTHLY BUSINESS STATISTICS—Continued 4 1975 METALS AND MANUFACTURES—Con. MACHINE TOOLS: M e t a l c u t t i n g type t o o l s : O r d e r s , new ( n e t ) , t o t a l Domestic Shipments, t o t a l Domestic Order backlog, end of month Metal forming type tools: Orders, new (net), total Domestic Shipments, total Domestic Order backlog, end of month ELECTRICAL EQUIPMENT: Household e l e c t r i c a l a p p l i a n c e s , f a c t o r y s a l e s 1/ A i r c o n d i t i o n e r s (room) Dishwashers Disposers (food waste) Ranges Refrigerators Freezers Washers Dryers (incl. gas) Jan. Feb. Nov. Dec. . «.mil. $ do.. do. . do.. do. . 67.75 55.75 123.35 103.55 1,969.6 46.65 40.90 151.90 124.60 1,864.4 80.85 73.15 134.55 105.95 1,137.4 87.05 71.05 161.95 130.95 1,062.4 73.75 66.15 117.00 101.20 1,019.2 109.85 95.95 129.35 108.95 999.7 do.. do.. do.. do.. do. . 15.55 8.90 52.80 44.75 484.0 15.95 10.45 64.65 53.60 435.3 21..20 18.80 40.85 34.25 238.6 28.25 23.60 48.15 39.75 218.6 32.80 29.,30 39.25 33.20 212.1 34.95 30.45 45.75 37.90 201.3 .thous do.. do.. do.. do. . do.. .do.. do.. do.. 1,645 254.6 189 145 145 230 223 240 181.7 rl,758 264.1 rl75.8 rl40.2 rl37.0 r273.7 210.6 300.7 210.0 1,577 60.3 247.6 179.0 156.2 304.7 91.5 296.2 218.7 1,801 223.3 259.7 178.8 183.7 360.9 83.8 279.3 202.9 1,934 261.1 223.8 192.8 167.7 299.7 115.2 368.8 266.4 2,158 264.5 224.4 188. 183, 361, 131 417, 292, 578 463 115 8.1 6.6 1.5 684 536 148 9.1 7.2 1.9 744 655 89 8.7 7.5 1.2 701 600 102 9.4 8.0 1.4 679 588 91 9.6 8.4 1.2 758 651 107 10.2 8.9 1.4 654 610 2.9 500 395 2.3 1,443 1,541 2.4 1,419 1,502 2.3 ,520 ,476 2.1 1,567 1,461 2.0 TRANSPORTATION EQUIPMENT Retail sales, new passenger cars: Total, not seasonally adjusted ...thous Domestics do.. Imports do.. Total, seasonally adjusetd at annual rate mil Domestics do.. Imports do.. R e t a i l i n v e n t o r i e s , new c a r s ( d o m e s t i c s ) , end of month: Not s e a s o n a l l y a d j u s t e d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . t h o u s Seasonally a d j u s t e d do.. I n v e n t o r y - s a l e s r a t i o , new c a r s (domestics) ratio r / Revised. p_/ P r e l i m i n a r y , USC0MM--DC—31,354 1976 Feb. p_/ 1/ Includes data not shown s e p a r a t e l y . ~ UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON, D.C. 20402 OFFICIAL BUSINESS First-Class Mail WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS POSTAGE AND FEES PAID U.S. DEPARTMENT OF COMMERCE COM-209