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June 17, 1977 WEEKLY BUSINESS STATISTICS ***TES O* u rn fr Annual Subscription: domestic, $15.00; foreign, $18.75 (no single copies sold). Order from Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402. U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS BILLIONS OF DOLLARS 500 BILLIONS OF DOLLARS 500 TOTAL LOANS AND INVESTMENTS 475 Weekly (Wednesday data) Monthly (average of Wednesday data)" (Weekly Reporting Member Banks of Federal Reserve System) 475 450 450 425 425 400 400 fW^®^^ 375 375 350 350 325 H 325 3 0 0 i L-J ' ' ' ' « ' ' • ' J i l I i 1974 I i l i l t 1975 i I i i i i i i i i i J 1977 1976 -LJ I I I I I I II F M A M J J A S O N D 300 Data: Federal Reserve Board 1910-14 = 100 800 PRICES RECEIVED AND PAID BY FARMERS 700 h BILLIONS OF DOLLARS BILLIONS OF DOLLARS N E W CONSTRUCTION / 160 h (Seas, adj., at annual rates) 100 / Prices Paid ^ V 600 500 140 _ ^ ~ ^ N t-^A • • • • • ' » • • • • 1975 _ 80 H H 60 - \ Private Residential (right scale) .1,1.1 i.i.J.t M M 1 1 I.U_Lu.J_LX 1977 1976 1974 Data: U.S. Dept. of Agriculture l 1977 1976 1975 H 40 1 1 1 1 1M1 i1l _L 1 1 1 1 1 1 1 1 1 1 U.S. Dept. of Commerce BILLIONS OF DOLLARS 60 \ 1 M / / 100 I IIIII II Ii1 IIIII IIIIII1 IIII IIIIi lI 1974 /***S\ / kV" Prices Received J / (incl. interest, faxes, and wage rates) 300 / 120 S \. N/ V 400 Total Put in Place (left scale) BILLIONS OF DOLLARS SALES OF RETAIL STORES (seasonally adjusted) y— -| 18.0 17.0 - Tofai - 50 r CONSUMER INSTALLMENT CREDIT EXTENDED A N D LIQUIDATED (seasonally adjusted) i / A 16.0 /* \r 15.0 ~~ 40 +"* A 30 -— — - • * * " — """" i i i i i 1 i i i i i 14.0 13.0 — ' ' ' 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1i J.J-i 1 1 !I 1 1 1i i i l l Data: U.S. Dept. of Commerce 1975 / /^\ Nondurable Goods 1974 Extended 1976 1977 12.0 \\ 1 1 1 1 1 11 1 1 1 1974 1975 Data: Federal Reserve Board WEEKLY BUSINESS STATISTICS updates selected data that are published monthly in the SURVEY OF CURRENT BUSINESS. >/ ^ — / '-\Xj\C yA / r ' V A 1 1 1 1 1 1 1 1 1 1*11 / Liquidated •*" i i I I I 1 l I I I 1 111 i 111 i i i i 1976 1977 WEEKLY BUSINESS STATISTICS1 2 1977 1976 ITEM June 12 June 5 May 21 May 28 June 4 June 11 1967=100. . do do 204.1 206.8 202.2 205.6 207.4 203.2 219.7 219.7 219.6 216.9 219.5 215.0 215.5 218.6 213.3 ALL RETAIL STORES, SALES Nondurable goods stores mil. $.. do 11,961 8,089 12,670 8,300 13,971 9,004 14,152 9,075 13,754 8,917 INITIAL UNEMPLOYMENT CLAIMS, State programs INSURED UNEMPLOYMENT, all programs State programs (50 States, D.C. and Puerto Rico) FAILURES, INDUST. AND COMMERCIAL (Dun $ Bradstreet) thous.. do do number.. 308 3,537 2,694 119 351.4 3,445.4 2,628.2 225 294 3,100 2,409 154 299 2,961 2,304 215 284 112 159 87,890 102,717 33,825 453 88,601 98,214 33,107 -70 95,152 113,055 35,023 273 94,876 111,762 33,956 167 95,384 109,283 34,431 391 e95,914 104,429 33,728 30 105,497 80,251 383,403 42,924 113,145 61,900 104,882 79,865 382,043 42,563 112,249 61,380 105,798 94,889 408,575 48,390 117,752 65,957 106,573 94,609 407,618 47,673 117,420 66,072 109,516 94,449 409,435 48,254 117,692 66,269 percent.. 1941-43=10.. do 9.08 100.22 112.70 9.06 98.74 110.90 8.48 100.30 110.74 8.47 96.77 106.70 8.45 96.93 106.91 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.. 11,725 36,091 165,344 8,274 14,005 31,785 194,378 8,228 14,885 39,579 215,948 8,016 14,895 40,140 187,644 8,016 14,250 31,557 181,297 8,036 Steel, raw Rate of capability utilization 5/ thous. sh. tons.. percent.. 2,670 88.4 2,697 89.3 2,768 88.5 2,785 89.0 2,732 87.3 bil.. 14.1 16.1 17.0 17.0 15.0 WHOLESALE PRICES, 22 COMMODITIES 2/ 9 Foodstuffs 13 Raw industrials FINANCE: Currency in circulation 3/. mil. $.. Federal Reserve bank credit outstanding, total 5/ 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 Bond yields, domestic corporate (Moody's) 3/ Stock prices, 500 stocks (Stand. § Poor's) 4/ Industrial, 400 stocks RAIL FREIGHT, REVENUE TON-MILES 212.7 216.3 210.2 8.42 98.20 108.26 221,563 2,674 85.5 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 1976 ITEM CONSTRUCTION AND REAL ESTATE NEW CONSTRUCTION PUT IN PLACE (UNADJ.), TOTAL mil. $. Private, total do... Residential (incl. farm) do... New housing units ....do... Nonresidential buildings, total 1/ do... Industrial do... Commercial do... Public, total do... NEW CONSTRUCTION PUT IN PLACE (SEASONALLY ADJUSTED AT ANNUAL RATES) , TOTAL bil. $. Private, total do... Residential (incl. farm) do... New housing units do... Nonresidential buildings, total 1/ Industrial Commercial Public, total CONSTRUCTION COST INDEXES: DEPARTMENT OF COMMERCE COMPOSITE CONSTRUCT ON CONTRACTS IN 50 STATES, (F.W. DODGE): TOTAL VALUATION Index (seasonally adjusted) Building, total rail. By type of building: Nonresidential Residential Non-building construction I/. Except farm and public utilities. Jan. Feb. Mar. Apr. 10,435 7,771 4,027 3,055 2,069 586 1,007 2,644 1,405 8,504 4,644 3,379 2,061 582 1,008 2,901 9,471 7,453 4,206 3,342 1,805 456 906 2,018 r9,714 r7,648 r4,221 r3,476 1,836 468 915 2,066 rll,436 r9,083 r5,215 r4,335 r2,079 r554 rl,051 r2,353 12,879 10,176 6,037 4,862 2,204 578 1,104 2,703 145.1 107.1 58.1 43.8 144.5 106.6 58.9 44.2 137.1 107.2 63.4 50.0 rl48.9 rll6.4 69.1 r56.5 rl59.3 rl25.7 r75.0 r62.0 163.4 128.3 77.1 63.5 26. 7, 13, 38, 25.4 7.2 12.6 37.9 24.2 6.1 12.2 29.9 24.7 6.4 12.4 32.5 r27.1 r7.2 rl3.9 r33.6 27.2 7.2 13.8 35.1 1967=100. 193.6 194.8 204.7 205.0 204.7 205.2 mil. $. 1967-100. $. 8,908 192 6,179 9,408 208 6,744 6,748 203 5,090 7,523 207 5,306 9,937 207 8,152 12,079 250 8,156 561 618 729 2,741 4,003 2,664 163 927 658 1,879 3,427 2,217 3,003 5,149 1,785 2,890 5,266 3,922 5,810 6,539 5,448 5,631 r8,211 8,942 1,555 3,371 1,284 1,343 3,879 1,319 1,005 3,310 1,133 1,071 3,375 1,185 rl,716 r4,780 rl,715 1,735 5,428 1,779 do... do... do... do... do... do... 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... vj Revised. 84,362 1977 Apr. Mar. MONTHLY BUSINESS STATISTICS—Continued 3 1976 1977 ITEM Apr. DOMESTIC TRADE RETAIL TRADE, ALL RETAIL STORES: ESTIMATED SALES (UNADJUSTED), TOTAL 1/ May Feb. Mar. Apr. May Furniture, home furn., and equip, stores.. Building materials and hardware dealers mil. $.. do do do do.... 54,633 18,670 11,339 2,311 2,359 54,460 18,511 11,140 2,306 2,460 49,382 16,608 10,343 2,205 1,952 r58,326 r20,766 rl3,086 r2,552 r2,493 r60,397 r21,082 rl2,985 r2,497 2,723 61,160 21,733 13,349 2,548 General merchandise group with nonstores.. do.... do.... do.... do.... do do do 35,963 2,377 1,591 4,218 11,535 3,851 8,292 35,949 2,194 1,598 4,564 11,770 3,935 7,949 32,774 1,851 1,575 4,069 11,120 3,706 6,594 r37,560 r2,219 rl,704 r4,570 rl2,231 r4,162 r8,580 r39,315 r2,459 rl,744 r4,707 rl2,699 r4,291 r9,099 39,427 2,316 1,735 4,915 12,541 4,474 9,153 Furniture, home furn., and equip, stores.. Building materials and hardware dealers... do.... do.... do do.... do.... 53,696 18,046 10,704 2,385 2,340 52,868 17,419 10,249 2,380 2,292 58,175 19,764 11,981 2,563 2,549 r59,522 r20,687 rl2,629 r2,606 r2,712 r59,572 r20,333 rl2,176 r2,614 2,710 59,998 20,440 12,258 2,621 General merchandise group with nonstores.. do do.... do.... do do do.... do 35,650 2,229 1,605 4,304 11,448 3,886 8,337 35,449 2,265 1,609 4,355 11,629 3,809 8,187 38,411 2,484 1,729 4,720 12,200 4,265 8,983 r38,835 r2,424 rl,757 r4,795 rl2,403 r4,264 r9,218 r39,239 r2,411 r1,753 r4,750 rl2,556 r4,370 r9,437 39,558 2,448 1,760 4,721 12,761 4,408 9,514 do do 79,321 78,102 79,235 78,406 82,682 83,878 do.... do.... 16,242 15,999 15,901 15,978 14,407 17,471 rl7,097 rl7,704 Jan. Feb. Mar. Apr. 37,507 19,298 5,596 12,612 38,199 19,530 5,924 12,745 39,141 19,944 r6,140 13,057 39,581 20,242 5,924 13,416 ESTIMATED RETAIL INVENTORIES, END OF MONTH: 86 202 85,397 RETAIL FIRMS WITH 11 OR MORE STORES: Estimated sales (seasonally adjusted), tota] 1977 1976 FINANCE AGRICULTURAL LOANS AND DISCOUNTS OUTSTANDING OF AGENCIES SUPERVISED BY THE FARM CREDIT ADM.: mil. $.. Total, end of month do.... Farm mortgage loans: Federal land banks... do.... do Bank debits to demand, deposit accounts, except interbank and U.S. Govt, accounts, annual rates, seas adj.: bil. $.. do.... do.... do.... do.... CONSUMER CREDIT (SHORT- AND INTERMEDIATE-TERM): Installment credit extended and liquidated: Unadjusted: mil. $.. do.... do.... do.... 17,990 17,983 Mar. Apr. 33,400 17,264 4,656 11,480 33,980 17,514 4,590 11,876 26,474.4 12,229.6 13,844.8 5,560.9 8,:283.9 25,792.8 12,482.8 1 13,310.0 5,302.4 8,007.7 29,288.1 14,441.8 14,876.3 5,684.3 9,012.0 r30,145.4 14,898.0 rl5,247.4 5,887.1 r9,360.2 r30,421.7 14,612.1 rl5,809.6 6,155.7 r9,653.9 30,499.7 14,988.9 15,510.8 6,055.5 9,455.3 15,359 5,077 286 421 15,453 4,874 j 259 440 14,085 3,882 168 317 14,278 4,406 204 364 18,128 5,994 296 472 18,035 5,630 324 501 do.... do do do 15,014 4,470 354 369 13,851 3,952 317 380 14,884 4,030 284 354 14,001 3,982 297 350 16,685 4,927 324 406 15,465 4,288 321 394 do.... do do.... do.... do do do do.... 15,521 4,689 296 414 14,048 4,026 314 344 15,003 4,583 247 413 13,576 3,851 309 374 16,870 4,940 245 494 14,952 4,183 305 364 17,186 5,205 259 457 15,164 4,320 329 385 18,253 5,654 311 478 15,536 4,453 291 382 18,077 5,474 318 488 15,418 4,300 316 382 do 160,729 162,334 177,975 178,252 179,695 182,265 do do do 53,650 11,848 8,026 54,572 11,790 8,089 60,349 11,394 8,736 60,774 11,301 8,750 61,841 11,273 8,816 63,183 11,277 8,923 do do do do 78,039 36,450 26,025 16,375 3,840 78,982 36,745 26,403 16,448 3,756 85,051 39,665 30,410 18,693 4,156 85,005 39,831 30,701 18,322 4,393 85,916 39,889 31,448 18,068 4,374 97,481 40,361 31,912 18,205 4,306 Seasonally adjusted: Total installment credit outstanding, end of year or By credit type: Mobile Home By holder: r/ Revised. 84,362 1/ Data for May 1977 are advance estimates. 2/ Includes data not shown separately. MONTHLY BUSINESS STATISTICS—Continued 4 1977 1976 ITEM Apr. Feb. May May Apr. Mar. FINANCE—Con. SECURITY MARKETS: STOCKS: Prices: Dow-Jones average (65 stocks) Industrial (30 stocks) Public utility (15 stocks) Transportation (20 stocks) 302.68 992.51 87.15 208.39 304.50 988.82 86.66 215.71 308.93 941.77 107.49 227.29 309.63 946.11 106.48 225.94 308.71 929.10 107.71 C231.00 312.74 926.31 110.49 240.75 1910-14=100 .do.. do.. do.. do.. do.. do.. do.. 473 435 468 424 373 391 318 875 477 446 403 482 398 384 313 877 468 457 637 540 362 287 276 954 474 475 641 589 365 282 297 957 r477 r479 r507 r572 r359 r277 r319 r967 487 488 489 583 350 273 373 966 do.. do.. do.. do.. 512 580 631 225 508 564 624 233 478 584 546 252 471 577 544 240 473 r577 551 232 485 575 585 220 PRICES PAID BY FARMERS: All commodities and services, Family living items Production items All commod., services, int., taxes, and wage rates do. do. do. do. 563 557 561 651 r562 557 r559 650 584 556 578 679 590 562 583 685 r597 565 r592 r692 600 570 594 694 PARITY RATIO do. 73 73 69 69 r69 70 COMMODITY PRICES PRICES RECEIVED BY FARMERS, ALL FARM PRODUCTS Crops. Commercial vegetables Cotton Feed grains and hay Food grains Fruit Tobacco Livestock and products Dairy products Meat animals Poultry and eggs r / Revised, zj C o r r e c t e d . USC0MM--DC--84,362 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON, D.C. 20402 OFFICIAL BUSINESS First-Class Mail United States Government Printing Office SUPERINTENDENT OF DOCUMENTS Washington, D.C. 20402 Postage and Fees Paid U.S. Government Printing Office U.S.MAIL OFFICIAL BUSINESS Penalty for private use, $300