Full text of Survey of Current Business. Business Statistics (Weekly Supplement) : December 28, 1973

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DECEMBER 28, 1973

BUSINESS
STATISTICS

A WEEKLY
SUPPLEMENT
TO THE
SURVEY OF CURRENT BUSINESS*

U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS
1941-43 =

1941-43 = 10
140
PRICES OF 425 INDUSTRIAL STOCKS
130

V

~~

X^/l -

120

-

110
TOO

—

\

/

-

90
(avg.

80

i

i

i

i

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i

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1970

1 i

i

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1971

1 i

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Monthly
of daily

LJ—LJ. , |

i

close)

| | |_|

| |

1973

1972

J

F M A M J J A S O N D

Data: Stand. & Poor's Corp.

Thousands
350

1,400
MOTOR VEHICLE PRODUCTION
1,200

Monthly

(Passenger cars)

1,000

~

800

-

^^^ y ^ \

A / \

A

/ \ i

\

/

~

\ /

600
400 -

-

\/SK*J

-

200
0

i

i

i

i

i

i

i

i

i

1970

i

i

i

i

i

1971

i

i

i

i

i

i

i

i

i

i

i

i

1972

i

i

i

i

i

i

i

1973

i
J F M A M J J A S O N D

Data: Motor Vechicle Mfrs. Assn.

Billion $
1,100

Billion $
900

Million
3.5

PERSONAL INCOME

PRIVATE HOUSING STARTS

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

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

1,000

800

3.0

Total
(left scale)

700

900

600

800
W a g e and

Salary

Disbursements
(right scale).

700

i I i I i

1970

I.I

1971

i i i I i

I.I

1972

i i I i i i i i I i i i i

500

1973

Data: U.S. Dept. of Commerce

1970

* Available only with subscription to the SURVEY OF CURRENT BUSINESS, this Supplement
provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY




1971

Data: U.S. Dept. of Commerce

1972

1973

WEEKLY

2

BUSINESS STATISTICS1
1973

1972
ITEM
Dec. 16

Dec. 23

Dec. 1

Dec. 8

Dec. 15

Dec. 22

1967=100.

131.4

130.6

192.1

198.1

207.8

205.4

mil. $.
do...

10,964
7,735

12, 749
9,213

10,956
7,487

11,189
8,134

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.

324
1,980
1,790
176

327
1,940
1,760
145

299
1,788
1,620
180

346
203

188

FINANCE:
Currency in circulation _3/.
•
mil. $.
Federal Reserve bank credit outstanding, total _3/...do...
Member bank reserve balances 3J
....do...
Excess reserves, estimated _3_/
do...

65,874
75,903
31,068
244

66,191
77,088
31,408
206

70,502
84,370
34,366
17

70,493
84,515
34,851
376

71,229
83,598
34,366
-108

Assets and liabilities of large commercial banks: kj
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...

101,409
58,772
303,835
28,190
89,282
45,721

102,189
58,091
308,752
28,191
90,816
45,850

100,178
56,278
343,117
24,257
107,428
54,509

100,757
56,383
346,199
25,974
107,993
54,473

102,968
56,310
349,629
26,268
108,22 7
54,713

Bond yields, domestic corporate (Moody's) 3_/
percent.
Stock prices, 500 stocks (Stand.&Poor's) _4/.. .1941-43=10.
Industrial, 425 stocks
...do...

7.47
118.56
132.29

7.48
115.95
129.33

8.01
97.65
109.72

8.02
92.16
103.37

8.04
93.57
104.75

thous. sh. tons.
mil. kw.-hr.
number.
thous. bbl.

10,290
37,009
211,723
9,476

9,995
35,914
204,209
9,473

10,575
33,968
213,127
9,045

11,740
34,700
202,156
9,051

36,113
189,407

thous. sh. tons.
1967=100.

2,721
111.5

2,686
110.1

2,961
121,4

2,907
119.2

2,926
119.9

bil.

14.9

14.9

16.9

17.1

WHOLESALE PRICES, 22 COMMODITIES 2_/
ALL RETAIL STORES, SALES
Nondurable goods stores

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

71,679
85,441
35,093
228

94.82
106.21

1_/ Data do not always cover calendar weeks. 2_/ Tuesday price. _3_/ Daily average. _4/ Wednesday data.

MONTHLY

BUSINESS STATISTICS
1973

1972
II
GENERAL BUSINESS INDICATORS
NATIONAL INCOME:
SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES:
NATIONAL INCOME, 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..
Net interest
do..

928.3
699.6
73.2
22.6
88.0
94.8
41.4
53.4
-6.7
44.8

949.
713.
74.
24.
91.
98.
42.
55.
-6.
45.

978.6
731.2
77.1
24.9
98.8
106.1
45.9
60.3
-7.3
46.6

1,015.
757.
80.
24.
104.
119.
52.
66.
-15.
47.

1972
PERSONAL INCOME, 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..
rj

Revised.


11,544


038.2
774.9
81.5
24.6
107.9
128.9
57.4
71.6
-21.1
49.4

rl,067.4
794.0
85.0
25.3
rll2.0
rl29.0
r57.6
71.5
-17.0
51.1

1973

Oct.

Nov.

Aug.

Sept.

967.0
643.8
232.8
181.6
155.2
119.2
136.7
42.0

977.6
648.4
235.0
183.8
155.6
119.8
138.1
42.3

1,047.3
698.9
254.8
198.7
167.1
130.8
146.2
45.3

1,058.5
706.0
257.8
200.8
168.7
132.5
147.0
45.8

rl,067.5
r711.2
r259.5
r202.5
169.6
rl32.9
148.2
46.2

1,076.2
716.8
261.6
203.9
171.0
133.9
150.4
46.7

55.1

55.1

o

oo /.

25.1
26.3
79.6
109.7
35.4
938.8

24.7
26.3
80.4
113.7
35.7
947.7

58.0
27.1
25.3
28.2
89.0
119.0
43.6
1,012.1

58.1
28.3
25.5
28.3
90.3
120.2
43.9
1,021.8

r58.5
r28.9
25.6
28.5
r91.5
rl21.1
44.0
rl,030.0

58.7

or\

Oct.

OQ

A

25.7
28.7
92.5
121.9
44.2
1,037,9

MONTHLY BUSINESS STATISTICS —Continued

3

1972

1973

ITEM
Aug.

Sept.

COMMODITY PRICES
CONSUMER PRICE INDEXES:
Unadjusted indexes:
All items
...
Special group indexes:
All items less food
All items less medical care
Commodities
Nondurables
Nondurables less food
Durables
Services
Services less rent
Food
Meats, poultry, and fish
Dairy products
Fruits and vegetables

1967=100.

126.2

126.9

135.1

135.5

136.6

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

127
126,
122,
123,
121,
120,
134,
137,
124,
131.3
117.1
124.5

127.4
126.6
122.7
123.5
121.7
120.3
134.9
137.6
125.4
131.5
117.7
126.5

130.9
135.0
132.8
136.6
124.7
122.6
139.3
141.9
149.4
184.0
126.6
152.6

131.8
135.4
132.8
136.5
125.5
122.6
140.6
143.4
148.3
180.2
130.3
137.3

133.1
136.4
133.5
137.4
127.0
123.2
142.2
145.2
148.4
170.7
137.3
138.3

130.4
136.0
120.3
141.8
120.6
118,1
120.9
121.8

130.8
136.2
120.. 5
142.. 0
1 2 1 ..7
119.. 3
122..2
122.. 1

135.2
141.1
125.0
147.0
126.3
132.8
125.8
125.3

136.6
142.9
125.4
149.2
126.8
133.6
126.5
126.1

138.
144.
125.
151.
128.
141.
127.
126.

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

124.3
121.2
118.7
110.1
115.2
144.1

125.
121.
119.
110.
116.
144.

126.
124.
122.
110.
121.
144.

128.
123.
121.
109.
120.
145.

3
9
6
1
3
5

129.
125.
122.
111.
118.
145.

do...
do...
do. •.
do...

127.2
133.9
120.8
124.0

127.4
134.1
121.0
124.1

130.5
137.6
125.7
126.1

131. 1
138. 3
126. 3
126.8

1967=$1„00.

$0,790

$0,788

$0,740

$0,738

thous.
do.. .
do...

218.2
216.5
117.0

187.1
185.7
97.4

rl99.9
197.2
106.8

rl48.9
rl48.4
r84.5

rl48.7
rl46.3
r85.7

do...
do...

2,446
1,315

395
324

2,094
1,125

rl,804
r982

rl,636
r951

do...
do...

2,318
1,138

2,226
1,013

1,750
805

,596
778

rl,316
r654

1,399
1,588
1,441
1,319
1,318

1,405
1,590
1,443
1,319
1,320

1,539
1,762
1,591
1,522
1,464

1,547
1,757
1,659
1,518
1,461

,547
,756
,659
,517
,461

4,522

4,393

4,971

r3,177

2,788

761
2,423
1,338

714
2,307
1,372

801
3,059
1,111

r572
rl,838
r767

532
1,548
708

100 039
75 173
481
70 094
10 303
100 039
29 159
26 75 7
57 062

93,635
73,476
501
69,501
10,303
93,635
25,666
23,667
58,419

101,577
82,489
2,842
76,093
10,303
101,577
30,822
28,955
61,640

101,944
81,123
1,558
76,165
10,303
101,944
30,919
28,240
61,628

rl07,422
r85,454
2,198
78,491
11,460
rl07,422
r34,886
r31,787
62,120

r540.4
r365.7
r60.3
rll4.4

r549.9
r372.9
r60.9
rll6.1

r616.0
r435.3
r57.7
rl23=0

r618.2
r438.1
r56.3
rl23.8

r621.7
r440.0
r54.9
rl26.8

„

Housing
Shelter
Rent
Homeownership
Fuel and utilities
Fuel oil and coal
Gas and electricity
Household furnishings and operation....
Apparel and upkeep
Transportation
Private
New cars
Used cars
Public

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

„

Health and recreation
Medical care
Personal care
Reading and recreation
PURCHASING POWER OF THE DOLLAR AS MEASURED BY-Consumer prices
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
CONSTRUCTION COST INDEXES:

American Appraisal Co., The:
Average, 30 cities
1913=100.
Atlanta
do...
New York
do. . .
San Francisco
do. . .
St. Louis.
do...
New mortgage loans of all savings and loan associations,
estimated total
m i l . $.
By purpose of loan:
Home construction
do...
Home purchase
do...
All other purposes
do...

0
4
0
2
0
1

132.1
140.6
127.3
127.2
$0,732

FINANCE
FEDERAL RESERVE BANKS, CONDITION, END OF MONTH:
Assets, total.....
m i l . $.
Reserve bank credit outstanding, total
do...
Discounts and advances
do...
U.S. Government securities
do...
Gold certificate account
do...
Liabilities, total
do. ..
Deposits, total
do...
Member-bank reserve balances
do...
Federal Reserve notes in circulation
do...
Commercial bank credit (last Wednesday of month
except
for June 30 and Dec. 31 call dates), seas, a d j . :
Total loans and investments 1_/
bil. $.
Loans 1_/
do...
U.S. Government securities
do...
Other securities
do...
r_l Revised.
11,544

1_/ Excludes interbank loans.




MONTHLY BUSINESS STATISTICS—Continued

4

1973

1972
Nov.
FINANCE

Sept.

Aug.

Con.

MONEY AND INTEREST RATES:
Home mortgage rates (conventional 1st mortgages): \j
New home purchase (U.S. average).....»...«..«.«.....percent.
Existing home purchase (U.S. average).............8..do...
LIFE INSURANCE:
INSTITUTE OF LIFE INSURANCE:
ASSETS, TOTAL, ALL U.S. COMPANIES..................bil. $.
Government securities..............................do...
Corporate securities...............................do...
Mortgage loans, total............ ..................do...
Nonfarm..........................................do...
........do...
Real estate........................
........do...
Policy loans and premium notes.....
........do...
Cash......................... ......
.do...
Other assets.............
MONEY SUPPLY AND RELATED DATA (avg of daily figures):
Unadjusted for seas, variation:
Total money supply............ ....................bil. $..
Currency outside banks...... ......................do....
...do
Demand deposits............. ...............
......................do....
Time deposits adjusted.
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....
SECURITY MARKETS:
STOCKS:
Prices:
Dow-Jones average (65 stocks).........................-..
Industrial (30 stocks).................................
Public utility (15 stocks).............................
Transportation (20 stocks).............................

p_/ 8.36
2.1 8 ° 5 6

7.48
7.43

7.50
7.44

7.94
8.01

8.17
8.26

r8.31
r8.50

236.23
11.47
111.66
75.69
70.06

238.34
11.62
113.18
75.90
70.27

247.66
11.42
117.84
78.66
72.84

250.20
11.40
119.20
79.04
73.18

251.59
11.40
119.71
79.52
73.62

7.22
17.86
1.46
10.86

7.26
17.93
1.43
11.02

7.63
19.18
,73
,20

7.68
19.51
1.81
11.56

7.76
19.77
.83
.59

251.2
55.7
195.5
305.9
6.6

254.
56 =
197.
307.
6.

260.7
60.0
200.8
354.
4,

261.9
60.1
201.8
357.2
5.1

264.
60*
203.
358.
5.

P268.
61.
207.
356.
4.

251.6
55.7
195.9
304.8

252.7
56.2
196.5
303.4

263.
59.
204.
353.

263.
60.
203.
355.

264.
60.
204.
356.

P 266.8

267.36
883.73
95.72
157.72

277.54
909.98
99.96
166.82

295.03
967.62
101.67
182.75

272.02
878.98
93.18
175.93

321.92
944.10
113.06
215.88

322
1,001
121
j 227

19
19
33
89

60.8
205.9
356.8

xj Revised, 1_/Beginning J a n . 1973, d a t a r e f l e c t changes in sampling anc
USC0MM--DC--11,544

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
W A S H I N G T O N , D.C
20402

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

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