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March 18, 1977
^*T0FC%.

A WEEKLY
SUPPLEMENT
TO THE

BUSINESS
STATISTICS

STATES*

SURVEY OF CURRENT BUSINESS*

U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

500

500
Monthly
average o f Wednesday d a t a ) -

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 F e d e r a l Reserve System)

475
450

-

-

425

-

-

400

-*v

/*

-

375
350

_ = w ^

-

325
300 ^ J L 1

1 1—1 1 L - J 1—1

!—
—L_J—L™1™J

1974
Data: Federal Reserve Board

L j

1 1—1—I— -J—i—L..1

,1 , 1 !

1975

I™-L™L_J™

1 1 1 1 1 1 1. L _ i - J L ^ l ^ .

1976

J F M A M J

1977

INDEX, 1941-43=10

J

A S O N D

INDEX, 1941-43=10
140

140
PRICES OF 4 0 0
130

INDUSTRIAL STOCKS

Monthly
( a v g . o f d a i l y close)

—

-

120

110

100

v\
•

y^\s^

^A

/

-

90

\

/

-

80
70

—I_J—i—i—i

. I . I

i

i . i i 1 1 . 1 1 1 1

1974
Data: Stand. & Poor's Corp.

1

1

1

1

1

1

1975

1

1

1

1

1

1

1

1

1

1

1

1 1 1 1 1 1

1976

1967 = 100

1 1 1 1 j
J F M A M J J

1977

A S O N D

BILLIONS OF DOLLARS

220
WHOLESALE PRICES

SALES OF RETAIL STORES

60
200

"

(seasonally a d j u s t e d )

Form Products and
Processed Foods and Feeds

Total

~*^S

50

180

Industrial Commodities
160

40

140

-»o.

1974
U.S. Dept. of Labor

i i 11 i i i i i I i
1975

1976

I'I

i i I
1977

_ULAJLIJLLLJLI_I-

provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY

Goods

-J 1 J-J u L u , J - i - i I . 1 1 1 I I 1 1 M M

1974
1975
Data: U.S. Dept. of Commerce

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




-'"""\

Nondurable

30
120 I i M i \ I i i i i i h,

**•*

A

All Commodities

1976

l l i i i 1 i i i i I

1977

WEEKLY BUSINESS STATISTICS1

2

1976
Mar. 6

1977
Feb. 19

Mar. 13

Feb. 26

Mar. 12

Mar. 5

1967=100
do. .
do..

193.7
199.8
189.4

195.3
201.9
190.7

213.4
208.6
216.7

212.5
205.4
217.5

215.5
207.3
221.3

mil. $
do. .

11,292
7,758

11,412
7,609

12,237
8,133

12,533
8,094

12,451
8,325

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

367
4,574
3,599
228

343
4,455
3,485
208

423
4,340
3,566
175

361
4,396
3,574
140

368
183

238
e92,281
106,929
33,626
294

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

217.3
210.2
222.2

FINANCE:
Currency in circulation 5/
mil. $
Federal Reserve bank credit outstanding, total 3/
do..
Member bank reserve balances 3/
do. .
Excess reserves, estimated 5/
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. .

84,077
102,832
34,088
410

84,776
99,358
33,379
103

91,968
107,838
34,567
174

91,833
110,042
34,202
277

91,822
110,381
34,088
162

102,048
76,372
377,609
40,592
116,806
59,906

104,131
76,469
381,558
40,265
115,919
59,614

106,505
92,082
398,2 36
49,273
115,027
64,365

104,560
92,379
396,727
48,761
115,490
64,422

107,173
92,637
399,377
49,631
116,193
64,459

Bond yields, domestic corporate (Moody's) 3/
percent
Stock prices, 500 stocks (Stand. $ Poor's) 4/...1941-43=10
Industrial, 400 stocks
do. .

9.20
99.98
112.38

9.20
100.94
113.57

8.48
101.50
112.77

8.50
100.19
111.33

8.51
100.39
111.72

12,160
36,420
174,481
8,039

13,235
37,511
184,634
8,049

12,450
40,603
199,617
7,947

12,475
39,155
200,126
7,947

13,285
39,309
204,095
8,125

2,468
82.7

2,538
85.0

2,260
73.6

2,306
75.1

2,358
76.8

15.1

15.3

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

Steel, raw
.. .. .
Rate of capability utilization 5/
RAIL FREIGHT, REVENUE TON-MILES

thous. sh. tons
percent
bil

8.52
100.10
111.30

204,138
2,368
77.1

15.6

1/ Data do not always cover calendar weeks. 2/ Tuesday price. 3/ Daily average. 4/ Wednesday data. 5/ Capaiblity for a full order book
based on current availability of raw materials, fuels, supplies, and industry facilities, e/ Estimated.

MONTHLY

BUSINESS STATISTICS
1976

1977

ITEM
Jan.

Dec.

Feb.

Feb.

COMMODITY PRICES
SPOT MARKET PRICES, BASIC COMMODITIES:
22 Commodities
9 Foodstuffs
13 Raw industrials
WHOLESALE PRICE INDEXES:
ALL COMMODITIES
Farm products
Food and feeds, processed
Industrial commodities
Chemicals and allied products
Fuels and related products, and power

1967=100
do..
do. .

190.4
200.5
183.6

193.2
202.9
186.6

197.2
191.7
201.0

200.6
196.7
203.2

207.3
203.0
210.2

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

179.3
192.8
179.4
177.3
184.2
257.3

179.3
191.0
176.4
178.0
184.9
255.7

185.6
183.6
174.8
187.0
188.7
281.8

187.1
191.6
179.0
187.4
188.4
278.8

188.0
193.5
179.3
188.4
188.9
278.7

190.0
199.0
181.9
189.9
189.8
289.0

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

143.1
157.5
190.5
167.0
187.7

143.4
159.9
196.0
167.7
189.2

147.4
169.7
214.3
174.7
199.9

147.8
171.5
219.9
175.5
200.8

148.6
174.5
222.7
177.0
201.8

149.1
176.7
224.2
177.5
203.0

Nonmetallic mineral products
do. .
Pulp, paper, and allied products
do. .
Rubber and plastics products
do. .
Textile products and apparel
do..
Transportation equipment
Dec. 1968=100
Motor vehicles and equipment
1967=100
PURCHASING POWER OF THE DOLLAR AS MEASURED BY—
Wholesale prices
1967=$1.00

181.1
174.8
152.4
145.1
148.7
151.3

181.3
175.8
154.2
146.3
148.8
151.3

189.1
181.7
164.8
149.8
156.2
159.1

189.5
182.0
164.6
149.5
157.0
159.5

192.
182.
164.
150.
157.
159.2

193.4
183.0
164.0
151.1
157.2
159.4

$0,558

$0,558

$0,539

$0,534

$0,532

$0,526

DOEMSTIC TRADE
RETAIL TRADE, ALL RETAIL STORES:
ESTIMATED SALES (UNADJUSTED) , TOTAL 1/
Durable goods stores
Automotive dealers
Furniture, home furn., and equip, stores
Building materials and hardware dealers

46,767
14,213
8,299
2,138
1,710

45,243
14,764
8,954
2,064
1,773

56,186
17,844
10,216
2,596
2,461

r68,171
rl9,639
rl0,265
r3,187
r2,386

r49,129
rl5,587
r9,610
r2,143
1,774

48,871
16,436
10,426
2,084

Furniture and household durables
Hides, skins, and leather products
Lumber and wood products
Machinery and equipment
Metals and metal products

r/ Revised.
84,243

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

1/ Data for Feb. 1977 are advance estimates.




MONTHLY BUSINESS STATISTICS —Continued

3
1977

1976
ITEM

DOMESTIC TRADE--Con.
RETAIL TRADE, ALL RETAIL STORES--Con.
ESTIMATED SALES (UNADJUSTED)—CON. 1/
Nondurable goods stores
Apparel and accessory stores
Drug and proprietary stores
Eating and drinking places
Food stores.
Gasoline service stations
General merchandise group with nonstores

32,554
1,976
1,481
3,889
11,723
3,654
6,247

30,479
1,768
1,462
3,723
10,507
3,475
6,213

38,342
2,574
1,636
4,248
11,483
4,064
10,499

r48,532
r4,147
r2,357
r4,495
rl3,210
r4,248
rl5,342

r33,542
rl,976
1,587
r4,062
rll,458
r3,977
r6,511

51,592
16,730
9,605
2,273
2,255
34,862
2,311
1,522
4,213

52,601
17,397
10,346
2,332
2,291

55,573
18,157
10,501
2,512
2,468

r57,898
rl9,730
rl2,014
r2,516
r2,528

r56,570
rl8,950
rll,599
r2,370
2,357

11,433
3,867
8,022

35,204
2,369
1,572
4,174
11,424
3,861
8,401

37,416
2,418
1,710
4,415
11,887
4,118
9,008

r38,168
r2,473
rl,733
r4,518
rl2,188
r4,274
r9,153

r37,620
r2,402
1,699
r4,444
rll,807
r4,272
r8,919

do,.
do. .

73,187
75,292

75,366
76,243

85,643
81,660

80,855
82,405

do..
do..

14,124
15,663

13,349
16,079

18,180
17,134

r24,522
rl7,602

14,565
17,186

thous
do. .
do. .
do. .
do..
do..

94,805
92,665
84,491

97,786
95,637
88,542
3,081
85,460
7,095

97,662
95,517
88,494

2,853
81,638
8,174

94,944
92,798
84,764
2,802
81,963
8,033

2,850
85,645
7,022

96,837
94,704
86,856
2,672
84,184
7,848

do. .
do. .
do. .
do. .
do. .
'. do. .

93,473
86,226
3,305
82,921
7,247
2,781

93,597
86,471
3,198
83,273
7,126
2,531

95,871
88,220
3,248
84,972
7,651
2,517

95,960
88,441
3,257
85,184
7,519
2,514

95,516
88,558
3,090
85,468
6,958
2,283

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

ESTIMATED SALES (SEAS. ADJ.) , TOTAL 1/
Durable goods stores
Automotive dealers
Furniture, home furn., and equip, stores
Building materials and hardware dealers

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

Nondurable goods stores
Apparel and accessory stores
Drug and proprietary stores
Eating and drinking places
Food stores
Gasoline service stations
General merchandise group with nonstores

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

ESTIMATED RETAIL INVENTORIES, END OF MONTH:
Unadjusted, total
Adjusted, total
RETAIL FIRMS WITH 11 OR MORE STORES:
Estimated sales (unadjusted), total
Estimated sales (seasonally adjusted), total
LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE, total, persons 16 years of age and over,
not seasonally adjusted
Civilian labor force
Employed, total
Agri cul ture
Nonagricultural industries
Unemployed
Civilian labor force, seasonally adjusted
Employed, total
Agriculture
Nonagricultural industries
Unemployed
Long-term, 15 weeks and over
Rates (unemployed in each group as percent of
total in the group):
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
White
Negro and other races

7.8
5.9
7.5
19.4
7.1
13.2

7.
5.
7.
19.
6.
13.

8.0
6.3
7.6
19.2
7.3
13.5

7.8
6.2
7.4
19.0
7.1
13.4

7.3
5.6
6.9
18.7
6.7
12.5

4.1
4.6
9.4
8.1
15.7
8.2
8.3

4.2
4.6
9.3
7.9
15.9
7.9
8.0

4.5
4.7
9.7
8.2
15.4
8.2
7.7

4.3
4.5
9.6
7.9
14.1
8.2
8.0

5
4
4
9
9
5

thous
do. .
do. .
do. .
do. .
do. .

78,406
63,551
44,847
23,066
767
3,595

78,635
63,775
45,001
23,112
767
3,571

80,106
65,070
46,005
23,489
805
3,619

r80,344
r65,298
r46,203
r23,508
808
r3,605

r80,559
r65,540
r46,328
r23,574
r817
r3,545

do.
do.

18,774
10,857

19,065
11,128

7,917

7,937

rl9,095
rll,158
7,937

rl9,212
rll,231

do.

18,704
10,810
7,894

do.
do.
do.
do.
do.

55,340
4,489
17,388
4,214
13,174

55,523
4,504
17,496
4,231
13,265

56,617
4,519
17,808
4,291
13,517

r56,836
r4,553

r56,985
r4,549

rl7,898
r4,304
rl3,594

rl7,985
r4,322
rl3,663

do.
do.
do.
do.
do.

4,266
14,342
14,855

4,266
14,397
14,860
2,742
12,118

4,381
14,873
15,036
2,734
12,302

r4,403
rl4,936
rl5,046
2,720
rl2,326

r4,425
rl5,007
rl5,019
r2,721
rl2,298

Married men, wife present
Occupation: White-collar workers
Blue-collar workers
Industry: Private nonfarm wage and salary workers ....
Construction
Manufacturing
Durable goods
EMPLOYEES ON PAYROLLS OF INUWAGRIC. ESTAB.,SEAS. ADJ
Private sector
Nonmanufacturing industries
Goods -producing
Mining
Contract construction
Manufacturing
Durable goods
Nondurable goods
Service-producing
Transportation, communication, e l e c , gas, etc
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government
Federal
;
State and local
r_/ Revised,

p/ Preliminary.

84,243




2,749
12,106

1/ Data for Feb. 1977 are advance estimates

r7,981

MONTHLY BUSINESS STATISTICS—Continued

4

1976
Jan,
FINANCE
CONSUMER CREDIT (SHORT- AND INTERMEDIATE-TERM) :
Installment credit, extended and repaid:
Unadjusted:
Extended, total.
...................mil. $
Repaid, total
do..
Seasonally adjusted:
Extended, total........................................ do. .
Repaid, total.......................................... do. .
Installment credit, total, outstanding.....................do. .
SECURITY MARKETS:
STOCKS:
Prices:
Standard § Poor's Corporation:
Combined index (500 Stocks).................. 1941-43=10
Industrial, total (400 Stocks).................. .do..
Capital goods (111 Stocks).................... .do. .
Consumer goods (189 Stocks)................... .do..
Utilities (40 Stocks)............................do..
Transportation (20 Stocks).................... 1970=10
Railroads (10 Stocks).................... 1941-43=10
Financial (40 Stocks)
..................... 1970-10
New York City banks (6 Stocks)........... 1941-43=10
Banks outside N.Y.C. (10 Stocks)
...........do..
Property-Casualty Insurance (6 Stocks) ......... .do. .
TRANSPORTATION EQUIPMENT
Passenger cars(new):
Retail sales, total, not seasonally adj .................thous
Domestics
do. .
Imports
do. .
Total, seas, adjusted at annual rate................... .mil
Domestics ............................................do. .
Imports.
do. .
Retail inventories, end of mo., domestics:
Not seasonally adjusted...............................thous
Seasonally adjusted....................................do. .
Inventory-retail sales ratio, domestics

Nov.

Feb.

12,540
13,950

12,576
12,997

15,952
14,550

18,309
14,867

14 085
14 884

15,123
14,029
160,824

15,045
13,923
160,402

15,763
14,520
175,333

16,702
14,879
178,775

16 870
14 952
177 975

96.86
108.45
108.41
91.03
46.99

100.64
112.96
116.68
93.47
47.22

41.42

43.40

52.23
93.38
100.69

104.66
116.33
116.36
94.65
53.58
14.97
50.48
12.61
51.25
106.37
119.40

103.81
115.17
113.12
91.21
54.01
14.57
50.24
12.30

48.69
85.40
97.83

101.19
112.96
111.33
90.98
50.55
13.99
46.93
11.58
47.73
94.88
113.66

679
588
91
9.6
8.4
1.2

758
651
107
10.2
1.4

r840
721
rll9
r9.6
7.9
rl.7

807
695
112
rll.O
9.3
1.6

r725
602
rl23
10.5
8.8
1.7

p810
366
pl44
pl0.8
J.U
pi.9

,520
,486
2.1

,567
,472
2.0

1,423
1,510
2.3

1,465
1,554
2.0

1,594
1,560
2.1

1, S45
1, 569
2.1

53.49

107.79
115.06

r_/ Revised, p / P r e l i m i n a r y .
USCOMM—DC--84,243

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

100
112
110
87
52
14
49
11
51
102
109

96
14
71
93
88
12
27
75
20
44
29