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ctober 20, 1961

BUSINESS t

SURVEY OF CURRENT BUSINESS
Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected
weekly and monthly data subsequent to those published in the latest monthly SURVEY

SELECTED BUSINESS INDICATORS
Index, 1 9 5 7 - 5 9 - 1 0 0
200

Index, 1 9 5 7 - 5 9 = 1 0 0
200
Monthly

STEEL PRODUCTION (Ingots and steel for castings)
150

H 150

S00

soo

50

8

1958

1959

'

'

'

S

'

'

'

I »

!

'

\

I » ! I I '

I960

Billion Dollars
450
PERSONAL INCOME

i

' f
J F M A M J

§96!

J

A S O N D

Index, 1957 = 100
140
TOTAL INDUSTRIAL PRODUCTION *

(seasonally adjusted, at annual rates)

(F. R. B. seas. adj. index)

400

-

120
350

300

SOO

Wag© a n d Salary
Disbursements

200

-

80

250

U.LLULLI I I I I ' L I I I I I t I H I 1 I u M I I M I I M I I M h I I I I

1958

!959

i960

60

-1. 1. I I 1 1 1 1 M ! 11

1 1 1 1 1 1 I 1 1 II

1 I 1 I 1 1 1 1 1 1 1 1 I I i 1 1 I I 1 1

196!

- / June, July, and August 1958 include retroactive Federal salary payments; March and July
1961 include accelerated and special Government insurance dividend payments, respectively.

index, 1947-49 = 100
S60
WHOLESALE PRICES
140

Millions
2.5
PRIVATE NONFARM HOUSING STARTS'
2.0

Commodities other than
Farm Products a n d Foods
&^09®®®®®^r*®®&®®®&&&&mtfr&&&&&®&@

1.5

/

1.0

120
Ail

Commodities

100

f a r m Products

*Seasonally adjusted, at annual rates

80

| II II 1 I I M I I

1958



1 I I II I

S959

i n i l i n

1960

l l iM i l

1961

1 I I II 1 II I M

1958

i l I I I I l I I I

1959

M II I I I M I I 1 I I M I I I I I I I

1960

1961

WEEKLY

2

BUSINESS STATISTICS1
I960

196!

ITEM
15

Sept. 23

Sept. 30

83.7

*II9.2
*87.7
*I08.I
*127.9
83.8

M8.6
87.8
107.6
127.2
84.4

118.7
88.2
108.5
127.1
83.7

155
1,749
1,589
343

155
1,829
1,669
326

154
2,118
1,561
337

156
2,061
1,519
286

330

32,049
28,385
18,759
610

32,276
28,513
18,640
689

32,775
29,251
19,475
566

32,612
28,986
19,519
656

32,673
29,237
19,601
490

62, 166
29,244

107*261
28,059
5i,597
12,846

106,889
27,836
31,723
12,856

62,720
29,!56
115,920
33,181
31,937
13,126

61,525
29,375
116,172
33,642
31,783
13,140

4.61
53.39
56.52

4.63
54.15
57.34

4.74
66.96
70.53

4.74
66.47
70.00

4.74
67.18
70.57

4.72
68.17
71.60

1,380
158^446
6,803

1,449
14,!20
162,539
6,824

1,443
!5,025
91,005
7, 145

1,463
15,340
139,112
7, 156

1,433
!5,035
120,492

113,666

1,522
81.7
646
328

1,579
84.8
653
331

Oct.

Oct.

8

Oct.

7

Oct.

14

COMMODITY PRICES, WHOLESALE:

DEPARTMENT STORE SALES...
do....
INSURED UNEMPLOYMENT, ALL PROGRAMS
thous..
State programs (50 States and, in 1961, Puerto Rico).do....
FAILURES, INDUST. AND COMMERCIAL (DUN & BRADSTREET)..number..
FINANCE:
Federal Reserve bank credit outstanding, total 3_/....do....

1 18.5
87.8
107.9
127.0
83.6

1 18.5
88.0
107.8
127.0
83.9

164

32,886
29,517
19,459

526

Reporting member banks (of F.R.System) in leading cities:47

Loans and investments (adjusted), total
Commercial and industrial

9

do....

loans (gross)

do.59S

Bond yields, domestic corporate (Moody's) 3/
percent..
Stock prices, 500 stocks (Stand. & Poor's) 4/..I94l-43=i0..

1 17, 104
34,414
3 i,794
13,135

PRODUCTION:
l£

Index of production
FREIGHT CARLOADINGS, TOTAL

1957-59-100..
thous. of cars..

U Data do not always cover calendar weeks, 2 / Tuesday prices.
cities are on revised basis. * Monthly index for September I960.

MONTHLY

I/V7

3/

Daily average.

2, 114
H3.5
606
308

1, 112

2,131
1 14.4
638
332

2, 102
1 12.8
640
333

2,071
1 1 1.2

4_/ Wednesday data; figures for member banks in leading

BUSINESS STATISTICS
I960

1961

ITEM
August
GENERAL BUSINESS

September

June

July

August

September

INDICATORS

PERSONAL INCOME, BY SOURCE:
SEASONALLY ADJUSTED, AT ANNUAL RATES:
Total personal income
bil. of do I,
Wage and salary disbursements, total
do..,
Commodity-producing industries
do..,
Manuf actur i ng on I y
do..,
D i str i but i ve i ndustr i es
do..,
Service industries
do..,
Government
do..,
Other labor income
do..,
Propri etor s' i ncome:
Business and professional
do..,
Farm
...do..,
Rental income of persons
....do..,
Dividends
do..,
Personal interest income...
do..,
Transfer payments
do..,
Less personal contributions for social insurance.do..,
Total nonagricultural income
do..,
INDUSTRIAL PRODUCTION (F.R. INDEX OF QUANTITY OUTPUT):
UNADJUSTED, TOTAL INDEX (INCLUDING UTILITIES)
1957=100,
BY INDUSTRY:
Manufacturing, total
do..
Durab le manufactures
do..,
Nondurab le manufactures.
*
do..,

M i n i ng
BY MARKET GROUPING:
Final products, total
Consumer goods
Automotive and home goods...
Apparel and staples
Equipment, including defense
Materia Is....
Durable goods materials
Nondurab le mater ials


vj Revised. £./ Preliminary. * July 1961 data
life insurance dividend payments to veterans.
http://fraser.stlouisfed.org/
5125
Federal Reserve Bank of St. Louis

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

405.
273.
110.
86.
72.
41,
49.
10.9

405.5
273.0

36.
12.
I I.
14.
26,
29.
9,
388,

36.3
12.4
11.7
14.3
26.6
29.8

417.3
280.7
I 12.7
88.9
73.5
42.9
51.6
II.0

*42I.2
282.3
113.2
89.3
74.0
43.3
51.8
II.I

T4I9.4
282.8
rl12.9
r89.0
74.2
43.6
r52.l
rl 1.2

420.2
283.2
112.4
88.6
74.6
43.8
52.4
11.2

36.
12.
I I.
14.
27,
*35.
9.
*404.

36 D 6
rl2.8
11.5
14.3
27.4
r32.5

389.0

36.4
13.0
11.5
14.3
27.1
33.0
9.8
400.2

r402.4

36.
12.
I 1.
14.
27.
32.
9,
403.2

107

108

III

106

III

p I 13

106
98
I 17
r99

108
102

II I
106

105
100
112
r95

rill

pl 13
p!06
p!24
plOO

r I 10
115
99
121
101
104
97
MO

1 10.0
86.7
72.3
41.3
49.4
10.9

9.4

rl 16

98
112
117
110
119
102
105
100
MO

I 18
98
113
I 18
119
117
103
109
105
114

109
I 12
r!04
115
102
103
99
108

9.8

102
r!23

r99
113
r 1 19

97
rl26
r!02

109
103
rl 16

pl 17
pl23
pi 13
p!26
p!05
plil
pi04
pll7

include $2.6 billion (218 mil lion converted to annual rate), reflecting special Government

MONTHLY BUSINESS STATISTICS — Continued

3

I960

1961

ITEM

August
GENERAL BUSINESS

September

June

July

August

INDICATORS—Continued

INDUSTRIAL PRODUCTION (F.R.INDEX OF QUANTITY OUTPUT)—Con.
SEASONALLY ADJUSTED, TOTAL INDEX (INCL. UTIL.)...1957=100.
BY INDUSTRY:
MANUFACTURING, TOTAL
do...
Durab ie manufactures
,
do...
Primary metals
«...
do...
Fabricated metal products......
....do...
Machinery
........
do...

107

110

112

113

108
104
83
108
107

•107
102
80
106
105

II I

112
107
95

113
108
r98
III

do.
do.
do.
do.
do.

101
122
112
102
121

rIOl
118
109
103
118

101
119
112
I II
r 121

.do.
......do.
do.
..do.
do.
...,do.

115
III
127
103
112
113

113
106
122
97
112
112

rl 17
112
123
104
118
113

Chemicals and products
do.
Petroleum products
......
es..eeodo.
Rubber and plastics products*.. s „ s »». f t .******do s
Foods and beverages..5
^
edo.
Tobacco products
do.
MINI NG
do.
Coal
..do.
Crude oi I and natural gas
do.
Metal mining
do.
UTILITIES
do.
E lectr ic
..do.
BY MARKET GROUPING:
FINAL PRODUCTS, TOTAL
do.
Consumer goods
do.
Automotive and home goods....
do.
Apparel and staples
do.
Equipment, including defense
do.
MATER IALS
do.
Durable goods materials
do.
Nondurab Ie materials
do.

124
112
115
109
114
98
80
100
r97
125
126

121
III
! M
rl09
114
96
77
99
92
126
127

rl29
III
121
113
I 16
98
77
101
89
131
132

I II
115
115
115
103
105
100
III

110
114
114
114
103
104
99
109

113
I 18
118
118
102
109
104
114

Transportation equipment
Instruments and related products..
Clay, glass, and stone products
Lumber and products...
Furniture and fixtures
Nondurab ie manufactures.
Textile mill products
Apparel products
Leather and products
Paper and products..
Printing and publishing,,..,...

105
92
107
107

r!08

110
102
119
114
rll 1

121
119
115
127
101
117
rl!4

132
rl 16

123
r 1 14-

no
98
77
101
r90
r 131

ri09

103
122
114
108
rl23
rl20

116
131
122
r ! 14

132
115
=ssss.cs

115

r98
81
101
88
133

132
114

115

rl20
r!20

rl20

119 j
104
110

118
120
r!05

rl04

111
106

116

r 1 17

COMMODITY PRICES
WHOLESALE PRICE INDEX:
ALL C0MM0D IT IES
1947-49= 100.
By stage of processing:
Crude materials for further processing
..do...
Intermediate materials, supplies, and components.do...
Finished goods
do...
Farm products
Fruits and vegetables, fresh and dried...
Grains
Livestock and live poultry
Foods, processed
Cereal and bakery products
Dairy products and ice cream
Fruits and vegetables, canned and frozen
Meats, poultry, and fish

119.2

119.2

118.2

I 18.6

r l 18.9

92.7
126.8
121.5

92.9
126.8
121.5

91.6
125.8
120.6

92.7
125.6
121.2

r94.8
125.5
M2I.4

86.6
98.7
74.3
80.7

87.7
104.7
74.9
79.0

85.1
103.3
74.2
75.4

87.1
104.3
77.8
75.5

r88.6
r97.3
78.1
80.3

107.8
122.0
118.0
106.6
96.8

108.1
122.4
120.5
107.7
96.0

106.7
123.7
I 19.7
108.7
89.9

107.5
123.9
120.4
109.0
92.5

rl08.l
r123.9
r-121.0
r107.4
94.8

128.
110.
115.
122.
108.
119.
153.

127.9
I 10.4
I 16. I
122.8
108.1
I 18.7
151.4

127.4
109.3
I 14.3
122.4
I 10. I
I 17.8
153.2

127.4
108.9
J 14.6
122.3
I I I.I
117.2
153.0

127.4
r108.4
114.4
r 122. I
113. I
rl15.9
152.7

153.6
137.8
133.0
145.3
96. I
132.0

153.5
138.0
133.0
144.9
95.9
132.0

153.1
138.3
126.5
139.6
93.7
132.1

153.2
138.4
126.4
139.0
93.9
132.6

153.6
138.5
126.3
139.4
94.2
132.8

83.9

83.9

84.6

84.3

r84. I

thousands.
do...

135.1
130.3

102.6
96.9

138.3
132.4

r128.5
r125.2

r129.5
r126.4

do.
.do.

133.0
128.2

100.6
94.9

135.3
129.4

r126.0
r122.7

r 126.7
r 123.6

..do.
..do.

I,355.0
1,335.0

1,089.0
1,067.0

1,381,0
1,351.0

rI,343.0
rl,318.0

r I , 32.1.0
r1,296.0

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

Commodities other than farm products and foods
do..
Chemicals and allied products....
do..
Fuel and related products, and power
do..
Furniture, other household durables.
do..
Hides, skins, and leather products
do..
Lumber and wood products
....do..
Machinery and motive products............
do..
Metals and metal products
.,
Nonmetallic mineral products
ee
Pulp, paper, and allied products
Rubber and products
Textile products and apparel
Tobacco products and bott I ed beverages
PURCHASING POWER OF THE DOLLAR AS MEASURED B Y —
Who I esa I e pr i ces
..
CONSTRUCTION AND REAL ESTATE
NEW HOUSING UNITS STARTED:
Unadjusted:
Total, incl. farm (public and private)
Pr ivate Iy owned
Total nonfarm (public and private).
Pr ivate ly owned
Seasonally adjusted at annual rates:
Total, incl. farm (private only)..,,,
Total nonfarm (private only).........


j r / Revised. j>/ Rrei iminary.
http://fraser.stlouisfed.org/
5125
Federal Reserve Bank of St. Louis

do...
do...
do,..
....do...
do...
do...
do...

* index gsased on 1935-39=10(3 i s 4 4 . 1 .

LY

FI NANCE
FEDERAL RESERVE BANKS, CONDITION, END OF MONTHS
Assets, t o t a l „ . . . . .

0

51,696
29,213
28
27,799
17,099

. o <> • • ° o . . o . • » . . • • . • o • . . o » 0 r n i I

Reserve bank credit outstanding^ tota ! . . 0 <,»o
Discounts and advances c . <, « o»o»o.° . . « * 00 <» . o
United States Government securitles.......
Gold certificate r e s e r v e s „ , s o „ 0 , ( ) ( , » o e e o . o 0
LiabiIities, tota I seooee . es ......... o o o a . O Q O 0 0 . . . o 0 » 8 d o 0 c o
Deposits, tota.I........0QE „ , . „0 „ ®0s00 Q o e o * „ *, e o * s <= < 3 S D do s „.
Member-bank reserve baSances,,.,, t .,,»..o B .» 8 »»« e do, M
Federal Reserve notes in c l r c u ! a t i o n e o f f i . a o a o o o e » e o s d o e a D
Ratio of gold certificate reserves t o deposit and FR note
I lab I I Ities combined,,
FEDERAL GOVERNMENT FINANCES
Public debt and guaranteed obligations;
Gross debt (direct)* end of month, total oe00 ml I. of d o L
, 0 .do 0 . 0
I nterest bear 1 ng, tota I....«,..................
Pub Sic i ssues
3 .„do.. 0
...do...
Special issues...
NonInterest bear i ng.......................„...s o s d o . 0 0
Obligations guaranteed by IKS Govt., end of month.do...
U„ S 0 savings bonds?
Amount outstanding, end of month o 0 . „ e e
odo000
Sales, series E and H e ...... o e ..• B e . e s
.do...
Redempt i ons.
edo.9.
GOLD, MONETARY STOCK, U 6 S., END OF MONTH...
8doOO0
SECURITY M A R K E T S — S T O C K S :
CASH DIVIDEND PAYMENTS PUBLICLY REPORTED:
TOTAL DIVIDEND PAYMENTS..................
eeodo...
FInance„ Q....e s . ao 0&BOO., *®oe .. G O O . . . . .
Manufacturing^ ..o a .s e s . ea ...oos .... •.
Mintng••.•••••.••.••••...•••.••.......
Pub I ic uti I ities:
Communications*.,,. ..................
Electric and g a s ^ . . , . ^ , , , , , , , ^ . . . , .
RaiIroad.....••••...„.... 0 0 0 e 9 «.. „. „ B .
Trade............. „
Mi see Ilaneous..... . . . . . . . . . . . „ . . . . . . . .

5 1,696
18,038
17,105
28,100

288,672
285,634
240,413
45,222
3,038

293,714
290,658
245,086
45,573
3,056

293,750
290,773
245,766
45,007

2,977

47,596
355
476
19,005

47,578
340
453
18,685

47,754
370
455
17,550

47,808
342
423
17,527

47,865
393
438
17,451

47,889
339
415
17,377

371.5

1,965.5

1,986.3

935.7

372.9

2,008.8

78.7
137.1
3a0

169.5
I,264.9
106.6

157.7
1,280.9
109.0

188.0
313.8
9.8

85.3
133.5
2.9

S,277.0
107.7

...do...
» B .do. e e
...do...

1.8
S12.2
4.2
25.0
9.5

94.6
I80 s 3
62.3
56.5
30.8

95.8
190.2
63.4
59.0
30.3

eoedo.o0

oO3do.80
so.do.S9
«, ee do eo .
0 ..dOe. 0

225,
I 18.
16,
55,
8,

rl.8
r!14.8
4.1
23.0

7.5

189.3

96.9
191.2
57.9
59.8
29.0

TRANSPORTATION EQUIPMENT
MOTOR VEHICLES:
FACTORY SALES, T O T A L . . 9 8 „ . . 6 . . 8 S 6 . e S 8 . . . . .

.number.

390,326

463,943

681,784

497,994

243,464

Coaches, totaI..........................
Domestic.................»«e . • ••.. • <,„.
Passenger cars, totaI.........„..„.. O Q ..
Domest i c..............

.99do.oa
OB8do.ffl9
ossdoeoffl
...do...

358
347
324,020
320,681

211
148

397
380

288
270

386,694
378,415

567,563
557,055

344
321
407,339
400,022

Trucks, totaI.
Domesti c....................„„........

...do...
ee.do...

65,948
53,331

77,038
66,006

I 13,824
86,681

90,311
72,842

172,754
168,442

70,422
55,464

r/ Revised.
USCOMM—DC—5 125

PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, $300

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
W A S H I N G T O N 25, D. C.
OFFICIAL BUSINESS
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