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DECEMBER 27, 1974

S

*TES

A WEEKLY

BUSINESS
STATISTICS

,^TOFCcv

O* *

SUPPLEMENT
TO THE
SURVEY OF CURRENT BUSINESS*

U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS
Bill ion $
425

Billion $
400
TOTAL LOANS AND INVESTMENTS
( W e e k l y Reporting Member Banks of Federal Reserve System)

375
350
325
300
275

(average

250

-J

I

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i

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l

I

I

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1971

_1

L-J

I

1

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L_J

I

1972

of Wednesday
L™J I

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i

(Wednesday

data)
i

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L_J

1973

l_J

1 i

i

L I

I

t
J

1974

i ,i i i
F M A M J

data)
L_J™J i i i
J
A S O N D

275

Data: Federal Reserve Board

1967=100

1967=100
200

200
R A W STEEL PRODUCTION (ingots and all other forms)

-

150

150
1973

100

-

50

Monthly

0

I

i

i

i

i

i

1

1 1 L_L_1 1 1 1 1 1

"

1972

1971

'

"

I

I

1

1973

1974

r~

1974

^-l

50
Weekly
i i i i i I i i i i i I 0
J F M A M J J A S O N D

Data: Amer. Iron & Steel Inst.

Biilion
1,200

iliion $
1,000

Milli
3.5

PERSONAL INCOME

PRIVATE HOUSING STARTS

(Seas, a d j . , at annual rates)

(seas, a d j . , at annual rates)

1,100

900

3.0

1,000

800

2.5

700

2.0

600

1.5

500

1.0

Wage and Salary
Disbursements
(right scale)

1971

1972

1973

1974

Data: U.S. Dept. of Commerce

1971

* Available only with subscription to the SURVEY O F CURRENT BUSINESS, this Supplement


provides selected weekly


1972

U.S. Dept. of Commerce

a n d monthly d a t a subsequent to those published in the latest monthly SURVEY

100

1973

1974

WEEKLY BUSINESS STATISTICS1

2

1973

ITEM

1974

Dec. 15

Dec. 22

Nov. 30

1967=100
do..
do..

207.8
202.8
211.1

205.1
196.2
211.9

223.3
277.8
191.9

mil. $
do..

11,993
8,666

13,298
9,958

INITIAL UNEMPLOYMENT CLAIMS, State programs
thous
INSURED UNEMPLOYMENT, all programs
do..
State programs (50 States, D.C., and Puerto Rico)
do..
FAILURES, INDUST. AND COMMERCIAL (Dun § Bradstreet)..number

342
1,992
1,823
188

Dec. 14

Dec. 21

220.7
272.3
190.7

216.7
267.3
187.3

210.5
262.4
180.6

11,016
7,828

11,646
8,672

12,439
9,199

424
2,024
1,863
174

524
3,318
2,967
134

694
3,471
3,123
261

638

2Q2

153

71,229
83,673
34,444
-28

71,682
85,577
35,203
311

77,328
92,201
37,118
640

77,921
93,258
37,051
355

78,473
92,253
36,229
-168

78,895
92,792
36,699

102,870
56,523
350,538
26,333
108,641
54,886

103,209
56,241
351,100
25,441
109,119
54,894

100,675
57,809
382,367
21,951
129,845
60,026

103,624
57,920
387,665
23,002
130,126
59,986

105,157
57,917
386,647
23,358
130,172
60,190

8.04
93.57
104.75

8.06
94.82
106.21

9.54
69.94
78.12

9.55
67.41
75.14

9.54
67.67
75.47

thous. sh. tons..
13,080
mil. kw. -hr.. 36,113
number.. 189,407
thous. bbl..
9,072
thous. sh. tons..
2,926
1967=100..
119.9
bil..
17.2

11,250
36,879
121,334
9,188
2,851
116.9
15.4

4,200
34,564
85,560
8,662
2,563
105.1
12.8

5,270
36,855
113,612
8,686
2,433
99.7
14.1

10,115
37,057
129,313
8,629
2,491
102.1
15.4

WHOLESALE PRICES, 22 COMMODITIES 2/
9 Foodstuffs
13 Raw industrials
ALL RETAIL STORES, SALES
Nondurable goods stores

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/
percent
Stock prices, 500 stocks (Stand. $ Poor's) 4/..1941-43=10
Industrial, 425 stocks
do..
PRODUCTION:
Bituminous coal
Electric power, by utilities
Motor vehicles (passenger cars)
Petroleum (crude) and condensate 3/
Steel, raw
Index of production
RAIL FREIGHT, REVENUE TON-MILES

Dec, 7

1/ Data do not always cover calendar weeks.

2/ Tuesday price.

MONTHLY

3/ Daily average.

9.54
67.90
75.77

112,479
2,542
104.2

4/ Wednesday data.

BUSINESS STATISTICS
1973

ITEM

II

III

1974

IV

II

III

GENERAL BUSINESS INDICATORS
NATIONAL INCCME:
SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES:
NATIONAL INCCME, TOTAL
bil.
Compensation of employees, total
do.
Proprietors' income, total
do.
Rental income of persons
do.
Corp. profits and inventory valuation adj.,total.do.
Corporate profits before tax, total
do.
Corporate profits tax liability
do.
Corporate profits after tax
•
do.
Inventory valuation adjustment
do.

1,051.2
776.7
92.8
25.7
105.0
124.9
50.9
74.0
-20.0

49*.9
72.9
-17.5

1,106.3
814.8
103.2
26.4
106.4
122.7
49.5
73.2
-16.3

Nov.

Aug.

1,077.3
793.3
99.3
26.2
105.2
T TO

H

1,118.8
828.8
98.4
26.4
107.7
17C A

52.2
83.2
-27.7

1973
Oct.
PERSONAL INCCME, BY SOURCE:
SEASONALLY ADJUSTED, AT ANNUAL RATES:
Total personal income
bil. $
Wage and salary disbursements, total
do..
Commodity-producing industries, total
do..
Manufacturing
do..
Distributive industries
do..
Service industries
do..
Government
do..
Other labor income
do..
Proprietors' income:
Business and professional
do..
Farm
do..
Rental income of persons
do..
Dividends
do..
Personal interest income
do..
Transfer payments
do..
Less personal contributions for soc. insurance...do..
Total nonagricultural income
do..
r / Revised, p/ Preliminary
_
6-1,843




Sept.

1,130,
848.
89,
26,
105,
139,
55,
83,
-33,
1974
Oct.

rl,155.5
868.2
92.1
26.6
rl05.8
-vO CI

O

r62!7
r94.3
r-51.2
Nov. p/

1,090.8
711.0
260.0
202.9
169.1
131.5
150.4
47.1

1,100.0
717.9
263.1
205.2
171.1
132.3
151.4
47.6

,167.
761.
276.
215.
180.
144.
159.5
52.3

1,178.0
767.7
278.3
217.8
183.1
146.4
159.9
52.9

|rl,185.0
r773.0
r279.5
r219.4
rl83.8
rl46.9
162.8
53.5

1,182.8
768.3
272.5
214.2
183.9
147.8
164.2
54.0

58.3
44.9
26.4
30.2
94.8
121.7
43.7
1,037.0

58.5
44.9
26.4
30.4
96.0
122.1
43.8
1,046.1

62.5
30.6
26.6
33.2
105.3
143.6
48.4
,126.8

62.5
30.7
26.6
33.4
106.9
146.0
48.6
1,137.4

r62.5
r29.2
26.7
33.5
rl08.0
147.6
48.9
lrl,145.7

62.7
27
26
33
109
149
48
1,144.9

MONTHLY BUSINESS STATISTICS — Continued

3

1973

1974

ITEM
Oct.

Nov.

Aug.

Sept.

mil. $..
do....
do....

41,608
6,345
10,481

40,474
6,383
10,029

42,282
8,039
8,080

46,329
8,251
10,199

r47,165
r8,467
rl0,871

43,943
8,099
9,878

do....
do....
do....

40,879
6,730
10,121

41,055
6,792
9,783

44,825
8,474
10,112

45,016
8,415
10,324

r46,548
r9,022
rl0,494

44,796
8,644
9,617

do....
do....
do....
do....

3,152
11,408
9,783
1,625

3,260
11,479
9,938
1,541

3,200
12,205
10,708
1,497

3,287
12,648
11,010
1,638

r3,345
rl2,950
rll,287
rl,663

3,217
12,906
11,331
1,575

Oct.

Nov.

GENERAL BUSINESS INDICATORS--Con.
MANUFACTURERS' SHIPMENTS: 1/
Value (not seasonally adjusted):

Value (seasonally adjusted):

Supplementary series

MANUFACTURERS' ORDERS: 1/
New orders, net (not seasonally adjusted):
do....

43,829

42,980

46,332

47,429

r45,418

42,932

do....
do....
do....

43,304
6,868
10,635

43,475
6,730
10,733

49,463
10,010
11,766

46,402
8,611
10,623

r45,084
r8,378
rl0,012

43,716
7,925
9,726

do....
........do....
do....
do....

3,220
12,755
10,928
1,827

3,358
13,284
11,160
2,124

3,133
15,034
11,805
3,229

3,128
13,510
11,832
1,678

r3,294
rl2,784
rll,383
rl,401

3,131
13,266
10,975
2,291

do....

104,221

106,722

132,837

133,935

rl32,191

131,185

do....
do....
do....

105,874
14,996
29,126

108,297
14,934
30,076

134,305
19,438
34,421

135,695
19,636
34,721

rl34,224
rl8,993
r34,234

133,143
18,275
34,343

do....
do....
do....
do....

2,281
58,854
38,639
20,215

2,379
60,659
39,862
20,797

2,261
74,439
50,498
23,941

2,100
75,302
51,323
23,979

r2,052
r75,128
r51,413
r23,715

1,963
75,491
51,059
24,432

....1967=100..
do....
do....

192.0
197.7
188.1

192.1
191.5
192.4

240.8
266.9
224.2

230.5
255.2
214.7

231.5
276.9
204.4

227.8
282.0
196.4

....1967=100..

136.6

137.6

rl49.9

rl51.7

rl53.0

154.3

do....
do
do
do....
do....
do....
do....
do....

133.1
136.4
133.5
137.4
127.0
123.2
142.2
145.2

134.0
137.5
134.7
138.9
128.5
123.3
143.0
146.1

rl46.1
rl49.7
rl47.6
rl53.0
rl43.7
rl33.2
154.2
158.4

rl47.8
rl51.5
rl49.4
rl54.8
rl45.3
rl34.8
155.9
160.3

rl49.1
rl52.8
rl50.7
rl55.8
1-146.1
rl36.8
157.3
161.9

150.4
154.2
152.0
157.2
147.2
138.0
158.6
163.3

do....
do....
do....
do....

148.4
170.7
137.3
138.8

150.0
167.4
141,2
143.7

162.8
162.1
150.7
168.2

165.0
166.3
151.1
162.9

166.1
163.7
151.7
162.4

167.8
164.0
152.7
164.3

do....
do....
do
do
do....
do....
do....
do....

138.1
144.7
125.9
151.5
128.6
141.1
127.4
126.7

139.4
145.6
126.3
152.6
132.1
155.6
129.8
127.5

152.8
156.1
130.9
165.4
152.6
220.9
148.5
143.9

154.9
158.1
131.4
167.9
154.0
222.7
150.2
146.6

156.7
159.9
132.2
170.1
155.2
225.5
151.5
149.0

158.3
161.2
132.8
171.7
157.1
229.2
154.0
151.0

do....
do....
do....
do....
do....
do

129.6
125.0
122.9
111.9
118.5
145.2

130.5
125.8
123.8
112.2
116.1
144.6

138.1
rl41.3
rl40.5
118.1
rl32.0
148.7

139.9
rl42.2
1-141.4
118.4
rl35.9
148.8

141.1
rl42.9
rl42.3
123.7
rl39.4
148.8

142.4
143.4
142.7
124.5
141.6
149.5

do
do....
do. .
do....

132.1
140.6
127.3
127.2

132.6
140.9
128.1
127.5

142.6
153.7
139.3
135.2

144.0
155.2
141.2
137.0

145.2
156.3
143.0
137.8

146.3
157.5
144.2
138.8

$0,732

$0,727

r$0.667

r$0.659

r$0.654

$0,648

New orders, net (seasonally adjusted):

Supplementary series:

Unfilled orders, end of month (unadjusted):
Unfilled orders, end of month (seasonally adjusted):

Supplementary series:

COMMODITY PRICES
SPOT MARKET PRICES, BASIC COMMODITIES:
9 Foodstuffs
CONSUMER PRICE INDEXES:
Unadjusted indexes:
Special group indexes:
Commoditi es

Services less rent

Shelter

Transportation
Private
Public

Reading and recreation
PURCHASING POWER OF THE DOLLAR AS MEASURED BY--

rj Revised.
617843

1/ Data for Nov. 1974 are advance estimates.




4

MONTHLY BUSINESS STATISTICS—Continued
1973

ITEM
Oct.

1974
Nov.

Sept.

Aug.

Oct.

Nov. p/

CONSTRUCTION AND REAL ESTATE
NEW HOUSING UNITS STARTED:
Unadjusted:
Total (private and public)
Privately owned.
One-family structures
Seasonally adjusted at annual rates:
Total privately owned
One-family structures
NEW PRIVATE HOUSING UNITS AUTHORIZED BY BUILDING
PERMITS (14,000 permit-issuing places):
Seasonally adjusted at annual rates:
Total
One-family structures

thous.
.do...
do...

149.5
147.1
86.0

134.6
133.3
70.5

114.0
111.1
79.8

r99.6
r98.3
r73.4

r96.9
r96.4
r69.5

74.9
74.4
57.2

do...
do...

1,674
957

1,675
938

1,134
812

rl,150
r844

rl,106
r779

990
784

do...
.do...

,379
676

1,361
674

900
618

823
577

r782
r533

720
503

8.31
8.50

8.39
8. 58

9.09
9.13

9.19
9.33

9.17
9.51

9.32
9.61

266.1
60.
205.
360.
6.

270.9
61.5
209.5
359.0
4.3

277.3
65.7
211.6
408.3
4.0

279.0
65.8
213.2
410.2
5.4

281.2
66.4
214.8
413.5
3.6

284.9
67.6
217.3
413.0
3.3

266.
60.
206.
359.

269.4
61.0
208.4
360.8

280.5
65.4
215.1
405.3

280.8
65.8
215.0
407.6

281.7
66.5
215.2
412.3

283.3
67.1
216.2
414.9

FINANCE
MONEY AND INTEREST RATES:
Home mortgage rates (conventional 1st mortgages): 1/
New home purchase (U.S. average)
.percent.
Existing home purchase (U.S. average)
do...
MONEY SUPPLY AND RELATED DATA (avg. of daily figures):
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
.do..
Currency outside banks
do..
Demand deposits
do..
Time deposits adjusted
do..
r / Revised.
_

1/ Beginning January 1973, data reflect changes in sampling and weighting

USC0MM--DC-- 61,843

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS

WASHINGTON, D.C. 20402

POSTAGE AND FEES PAID
U.S. GOVERNMENT PRINTING OFFICE
375

OFFICIAL BUSINESS

First-Class Mail

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