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March 1, 1957
^
INCOME
iPAYMENTS H l k ^
A WEEKLY SUPPLEMENT TO THE SURVEY OF CURREi
L5h
Available only with subscription t o t h e SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected
weekly and.monthly data subsequent t o those published in the latest monthly SURVEY
SELECTED BUSINESS INDICATORS
BILLION
DOLLARS
BILLION
3 f\f\ '
'™"™
,
r
™
_
™-»™—.-™_^-™
„
_
„
_ .
TOTAL LOANS AND INVESTMENTS
DOLLARS
^
^
^
^
^
^
w
(Federal Reserve Weekly Reporting Member Banks)
Wednesday data
^
1
35
95
-|
90
H SO
1957
_|
85
85
/
s'956
_|
80
7 5 rt^l 1 1 l _ L - L j _ J L - l - J — J
1954
- J - J L - - i - - l ^ J , J L - L ^ i ^ J ^ J L ^ L — _ J _ L J - J - J L J _ J _ J _ _ L _ i - J _ „-LJL
1955
80
1 1 .J—LL-L-L-J-JLJ
J—l I I I 1 I I I I L J 7 5
J F i ^ A M J J A S O M O
1957
1956
INDEX, 1 9 4 7 - 4 9 = 100
iMDEX, 1947-49= 100
1 25
S80
CONSUMER PRICES
DEPARTMENT STORE SALES & STOCKS
(seasonally adjusted)
-
120
All
Items
jg0&*
1
v^T
V
^
1 10
115
160
—'"1
Food
^
Stocks
{end of month)
140
p
V o a o o©
L/
S20
/
Sales
105
n! M i i i 1 1 i 1 i
J I I H
1i l l i I
- 1 I I 1 1 1 I I L U L• J U J J L L J 1 1 U _ L J
100
1954
IMDEX, 1 9 4 7 - 4 9 = ! 0 0
,NDEX, 1 9 4 7 - 4 9 = 1 0 0
120
120
FREIGHT CARLOADINGS*
S955
1958
OJLLLLLLJLLJL
1957
s
COTTON CONSUMPTION
(seasonally adjusted)
no
X UUJJJ^LJULL
JJJJ.
JjLLLJ_LLLil±
(daily average,- seas, adj.)
no
too
90
80
\
KJ
^
^
.yV \s
^-v 7
Y
"1
too
1
Average pe
7 0 •JJLII 1 I l l i - L L
S954
b
i!
H l l l S I I 1
1955
\ \ \i l i u m
(956
uy^TH
90
r
w o r k i n g day
JJJUULIJULLJULJ
S957
i
8 0
i I I I l I I I I I I I 1 I I I I I I I I I I I 1 I M I I I I I I M 1 I I I I I I I I I I I
1954
1955
1956
1957
WEEKLY BUSINESS STATISTICS*
2
1956
1957
ITEM
Feb. 18
Feb. 25
Feb. 2
Feb. 9
Feb. 16
Feb. 23
Commodity prices, wholesale:
90.7
93
1,883
1,747
117*1
89.3
104.6
125.3
89.7
101
1,858
1,722
117.0
88.8
104.0
125.5
**89.0
102
116,9
88.5
103.7
125.4
88.5
30,210
25,360
18,749
574
30,607
25,087
18,918
309
30,595
25,146
18,920
378
30,641
24,997
18,808
471
30,605
24,764
18,895
505
56,391
21,428
84,310
28,452
26,301
8,197
56,106
21,452
84,072
28,395
26,271
8,194
58,076
22,401
85,297
26,101
30,260
8,790
56,874
22,470
85,069
25,921
30,162
8,770
56,423
22,500
84,828
25,672
30,257
8,782
252
3.27
321.0
368.5
230
3.27
325.7
374.5
320
4.01
330.2
382.4
287
4.01
323.2
373.5
317
3.99
318.3
367.6
1,675
11,321
151,547
7,116
2,433
#98.8
698
363
1,662
11,277
148,210
7,184
2,433
#98.8
687
364
1,463
12,322
163.504
7,422
2,498
97.6
648
344
1,621
12,019
170,120
7,461
2,485
97,1
665
344
1,625
11,946
169,959
7,515
2,501
97.7
676
349
88.6
95
1,624
1,482
* 112.4
*86.0
*99.0
* 120.6
88.5
97
1,683
1,536
30.247
25,174
18,693
549
.... 1947-49=100..
.....do....
do....
..do....
......do....
22 commodities 2/
do
Finance:
Federal Reserve bank credit outstanding, total 3>/....do....
do....
Federal Reserve reporting member banks in leading cities:4/
Time deposits, except U. S. Government..
Loans and investments (adjusted), total.
do....
Commercial, industrial, and agr. loans (gross)...do....
...do....
Bond yields, domestic corporate (Moody's) 3/
.percent..
Stock prices, 480 stocks (Stand. & Poor's) 4/.1935-39=100..
do....
Production:
. of short tons.,
.mi 1. of kw.-hr..
Passenger cars and trucks (Ward's)
..thous. of bbl..
Stee 1 5 /
thous. of short tons..
.thous. of cars..
...do
300
3,98
323.9
374.8
162,498
2,504
97.8
\_l Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average, ±/ Wednesday data. J5/ Week beginning February 25,
1957: Production, 2,456 thous. short tons; operating rate, 96.0 percent. * Monthly index for February 1956. ** Wednesday price. # Not
comparable with 1957 rates, which are based on higher capacity.
MONTHLY BUSINESS STATISTICS
1955
1956
1957
ITEM
December
January
October
November
December
January
GENERAL BUSINESS INDICATORS
Business incorporations:
New incorporations (48 States)
Industrial and commercial failures:
Fai lures, totaI
Commerc i a I serv i ce
Construct ion.....
Manufacturing and mining.
Reta i I trade
Wholesale trade
number,
do..,
do..,
do..,
do..,
do..,
....do..,
Liabilities (current), total
Commerc i a I ser vice.
Constr uct ion
Manufacturing and mining
Retai I trade
Wholesale trade
thous. of doI,
....do..,
do..,
...do..,
do..,
do..,
11,539
13,363
11,546
9,749
10,788
14,632
908
73
136
191
404
104
1,048
72
126
209
535
106
1,158
999
86
171
166
482
94
982
83
183
172
472
72
1,148
82
182
198
584
112
41,643
1,106
7,341
11,554
10,775
10,867
42,890
2,974
6,163
14,442
14,936
4,375
50,004
3,629
11,145
17,345
12,368
5,517
39,886
1,854
11,099
11,714
11,476
3,743
50,279
3,780
8,149
21,785
10,946
5,619
54,060
4,086
10,672
16,105
17,862
5,335
114.7
104.7
109.5
107.7
110.7
94.6
114.6
104.1
109.2
107.3
112.6
93.3
117.7
106.8
113.1
110.7
113.9
100.8
117.8
107.0
112.9
lll.l
115.8
98.8
118.0
107.0
112.9
III.3
117.4
98.0
1/118.2
106.4
112.8
111.2
116.9
99.0
120.8
III.5
120.6
III.7
102.0
122.8
112.0
103.6
123.0
II 1.8
103.8
123.8
112.3
104.0
134.2
135.3
122.1
109.9
133.6
123.8
174,9
123.8
71
177
197
612
91
COMMODITY PRICES
Consumer price index, all items
Appare I
Food
Dairy products
Fruits and vegetables......
Meats, poultry, and fish
1947-49=100,
.do..,
do..,
.••••.•••.
do...
.do..,
do..,
Hous i ng
Gas and electricity
Housef urn i sh i ngs
Rent
Med i ca I care
Persona I care
Reading and recreation
Transportat ion
Pr i vate.
Pub lie
Other goods and services
1/ Index based on 1935-39=100 is 197.6.
.do..,
do..,
do..,
do...
do..,
,
,
do. .,
do...
do..,
do..,
do. ..
...do...
130.2
I30!7
134.1
134.5
123.5
112.0
104.1
134*2
134.7
117.9
106.8
127.3
117.8
167.8
120.6
118.5
107.3
126.8
117.0
170.3
120.8
120.8
108.5
132.6
122.9
173.0
123.0
121.4
109.0
133.2
123.5
173.4
123.2
121.8
109.3
133.1
123.3
S74.1 |
123.3 |
103.4
ft*
i
\->\.
!XT M
i
«^-/.t»
MONTHLY BUSINESS STATISTICS— Continued
1955
3
1956
1957
ITEM
December
January
October
November
December
January
COMMODITY PRICES - Continued
Purchasing power of the dollar as measured b y —
89.8
87.2
91.3
89.4
87.3
91.6
86.5
85.0
88.4
86.3
84.9
88.6
86.0
84.7
88.6
90,219
47,690
8,546
1,998
13,533
3,847
17,292
90,842
47,967
8,393
2,125
13,579
3,840
17,522
94,869
48,970
7,850
2,218
13,914
3,845
18,537
95,274
48,983
7,749
2,229
13,963
3,842
18,58!
95,819
49,058
7,532
2 237
13^997
3,839
18,807
2,923
1,720
1,192
29,433
27,166
2,930
1,719
1,199
29,800
27,526
2,962
1,700
1,247
32,399
29,938
2,970
1,701
1,254
32,709
30,243
2,906
1,634
1,257
33,017
30,546
2,557
3,293
1,254
3,069
2,568
3,307
1,167
3,103
2,778
3,461
1,093
3,206
2,813
3,483
1,109
3,207
2,809
3,503
1,273
3,253
555.7
209.2
56.9
9.5 \
38.2
78.8 1
163.0 !
522.8
204.9
59.3
10.2
54.4
76.9
117.!
516.6
223.2
57.7
9.9
45.5
95.8
84.5
473.1
197.5
56.3
9.!
44.1
86.0
80.1
590.9
209.0
63.7
8.9
38.1
94.9
176.3
51.3
28.1
21.6
45.7
29.5
21.7
45.2
28.4
22.1
48.3
31.0
23.6
51.8
p30.0
p23.6
47,771
80,027
1,606
49.619
77,404
1,225
49,343
70,277
1,356
46,853
75,122
1,488
49,737
90,378
1,618
9,633
10,991
7,636
82,575
107,479
9,539
11,592
9,360
90,684
111,691
11,707
10,949
10,171
95,494
119,056
12,201
10,641
8,285
90,119
116,914
14,456
11,201
8,306
95,181
107,918
196
19,675
29,749
206
19,020
30,522
189
20,004
27,002
156
19,408
25,041
.72
21,312
27,093
4,041
7,705
428
433
43,044
3,508
6,492
519
450
43,407
3,837
9,390
396
564
43,493
3,374
9,291
365
551
40,145
3,724
8,452
317
472
35,206
47,434
24,206
61,285
35,689
10,617
5,552
40,610
12,085
47,002
26,411
66,890
32,409
10,823
5,510
42,721
14,121
48,789
25,691
67,176
35,383
10,908
6,473
49,110
13,363
44,467
24,269
65,900
34,509
11,553
6,542
51,421
13,977
41,794
21,370
67,870
27,874
10.024
6,139
51,413
13,679
r23,847
13,371
22,321
20,865
25,159
200
279
1,257
139
131
1,246
205
276
1,648
188
272
1,547
-162
261
1,418
r10,075
r12,966
207,556
28,397
3,201
r 10,895
197,957
6,220
71,849
14,615
202,848
142,607
24,070
13,879
210,541
41,839
3,912
11,953
198,721
6,075
1/85.5
1/84.6
1/88.7
FINANCE
Life insurance (Institute of Life Insurance):
Assets, total, all U.S. life insurance companies
mi 1, of dol,,
Bonds (book vaiue), domestic and foreign, total,.,,do....
State, county, municipal (U. S.)
do....
Industrial and miscellaneous (Ue $.)«,,»
do S 8 8 e
Stocks (book value), domestic and foreign, total...do....
Preferred (U. S.)
..........do....
Real
estate.ea,ee.«»a9See««.,.»«.«•••••••«••««.••ee.dO....
Payments to policyholders and beneficiaries, estimated
Turnover of demand deposits except interbank and
U. S. Government, annual rate:
48.3
p29.9
p22.5
CHEMICALS AND ALLIED PRODUCTS
Organic chemicals, production:
Acetic acid (synthetic and natural)•••••••••.thous. of lb..
Methanol:
Natural (I00£).....
....thous. of gal..
Synthetic plastics and resin materials, production:
Cellulose acetate and mixed ester plastics:
FOODSTUFFS
Distilled spirits, consumption for beverage purposes
thous. of wine gal..
Wines and distilling materials:
Effervescent wines:
Sti11 wines:
r/ Revised. £/ Preliminary. ±/
50.6; retail food, 43.9.
38,iN5"
Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 44.7; consumer prices,
MONTHLY BUSINESS STATISTICS — Conttnyed
4
1955
1956
I
1957
ITEM
December
January
October
November
December
January
FOODSTUFFS - Continued
Stocks, cold storage, end of months
Butter, creamery.................................othous, of ibffls
Cheese, tota1....••••.••••........,oooooo.,,ooo«».««»..^©®•••
Apples, fresh©©,,,e@@@0QOae9e 8a B @9S,e ee « S oo Sooooethous« of-bue*
Frozen fruits, juices and vegetables^
Fruits««.... 0a . # .*. a * a# . # « ## »,,. ao » O eo»»a«o«thous. of l'b..
rfUIT
JUI CeS» ees©oooseeaooe©o®9©oo©oeeo©Boa©«o©©<5so
*0©* ®o ©
Vegetables,, ....,,•...*.,*.*..,**.,«•»*,...*...,.,. 9*d©<»Be«
Meats, total**.•••••••«••••• ••••• ••••«••••••• •••mU, ©f. Sbes
•Beef and. veal. ••••••••••••• •••.•...•••,,,,,,1'hou/S, of lb**
Lamb and mutton• ••..•..,,....,.....,.•..,•.•.»•,••.•ado*•••
Pork, excluding l©rdS9,,
,
.«....«
».doi„.
Pou 1 try Cfrozen)
,
„„»HO«.
do,,,,
t-QQS , T r O Z e n , e « 0 « . o 0 a . * * . * « * . * . « e a . , e , . , * o . « . * • « , ae«aa oOO® © a «
163,136
518,885
27,321
131,664
496,746
20,618
62.261
489,385
38,090
39,640
454,729
33,933
r25,l03
r441,082
r26,578
29.225
414,197
20,168
420,092
249,910
624,049
777
224,391
10,630
420,816
228,378
74,354
389,245
321,536
558,178
858
230,316
10,566
481,602
214,723
50,525
483,068
354,871
914,895
449
163,026
11,203
167,955
361,756
131,547
467,046
303,742
905,439
591
220,008
11,016
248,637
368,378
108,684
r450,,967
r294,282
r857,942
r677
r263,929
r11,590
r279,768
r332,8J7
r86,807
419,917
391,736
783.314
1/615
247,173
10,26!
289,044
328,999
74,860
807
2,255
2,212
2,328
874
2,202
2,25 S
2,212
738
2,275
2,198
2,202
r737
r2,!93
r1,820
r2,ll3
722
1,988
1,663
1,766
6,954
7,050
7,316
7,036
7,335
7,282
!5f*30
137.40
70*30
64*40
7.6
109.55
96*70
54*60
49*40
8*4
66*10
57*55
89*75
79*85
7*2
64,25
58*70
81.70
73*60
6*7
•57*20
51*90
85*15
75*05
6*2
p63„00
p56*10
p76860
p67*75
p6.l
852,135
r750,282
732,319
880,549
631,507
840,567
r20,99l
19,440
rS1,820
r473
10,992
r20,998
19,399
r 10,311
5S6
9,577
20,343
18,839
9,847
492
9,162
20,289
18,786
11,952
478
11,145
20,237
18,736
8,681
434
8,062
20,231
18,725
11,600
580
10,790
3,814
2,714
2,696
1,100
4, 199
2,981
2,981
1,218
5,666
3,728
3,728
1,938
6,740
4,367
4,322
2,373
7,260
4,272
4,272
2,988
7,822
4,686
4,686
3,136
860
851
39
39
903
884
42
42
706
684
26
25
791
679
5
5
LEATHER AND PRODUCTS
Leather productson:
Calf and whole kip,e . . ^ ^ ^ . ^ ^ ^ . ^ . ^ ^ t h o u s , of skins..
Cattle hide and side kip......,..,thous, ©f hides and klps9*
Goat and kid88»
S(l99 , 8s ,, ( , 98 ^,«.. 99 . 9 thous e of skins*,*
Sheep and Samb* e s o e Q e e * e*e*«,ae*a e @ e ©« e »®00<se,s®e9oo«oe«,cil0s eo.
METALS AND MANUFACTURES
Pig iron, pr©ducti©n s@e * 0a * aeoo * 9S)ee . @e *th©us @ of short tons®*
Machine tools (metal-cutting types);
New orders (net), total*,.....•••••••.•••••••••all, ©f dol v .
Domestic*®• ••••••«•.•*•.•..e***,**.,..•••••«,,.••. eedQ* e*e
Shipments,, total.••*».....•...,,«•*•••.*..•...«••.«@*«d©8«e*
L I O f H o S T 1 C*@ © g o © © ® ® © © ® © © © © © © © © © © © © © ® © © © © ® © © © © ® © © © © ® © © ©
©OO© $@ ©
E st i mated back log......,....,., •.•••••••••••••••••••emonths..
TEXTILE PRODUCTS
Cotton: 2/
Consumpti on ••••••«••••••...••••«»,•.<> ••••••••* «.«.*o,ba I es.«
Manufactures:
Spindle activity (cotton system spindles):
Active spindles, last working day, total «,@a*eth©usandses
Consuming 100 percent cotton.•••••••••••••••••••do....
Spindle hours operated, all fibers, totaS0*.mSi* of hr*0
Average per working day**** * e **,,*••*.«„ *oa *.*...do, a9.
Consuming 100 percent cotton.e
g
e ,. e .. 9 do... e
TRANSPORTATION EQUIPMENT
Railway equipment, American Railway Car Institutes
Freight cars;
Shipments, tota(••••••••••••••••••••••••••••••.••.number,,
Equipment manufacturers, total. 84 , 99((s
..,.,.do,4..
SJOmeSTIC.**.**•*«*so.e.o*****.,***,,*...**.****« OO* . a a
Railroad shops, domestic*.*....
•••••••••••••do,,,.
Passenger cars, equipment manufacturers!
Orders unfilled, end of month, total,...,,,,•.,.•••.do,.,.
•.••«*•*•*
©a©©**©*©*
,.'. • • * « • • •
•••••.••••
842
724 !
9
5
840
728
9
3
£/ Revised, js/ Preliminary. U Excludes stocks of sausage and sausage room products and edible offal* 2/ Data for December 5955,
November 1956, and January 1957 cover 5 weeks, other months, 4 weeks.
UNITED STATES
G O V E R N M E N T PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D. C.
OFFICIAL BUSINESS
FIRST CLASS
WEEKLY SUPPLEMENT
SURVEY OF CURRENT BUSINESS
PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, $300
@FedFRASER