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Appendix B
STATISTICAL TABLES RELATING TO INCOME,EMPLOYMENT, AND PRODUCTION
227Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CONTENTS
NATIONAL INCOME OR EXPENDITURE:Page
B-l. Gross national product, 1929-80 233B-2. Gross national product in 1972 dollars, 1929-80 234B-3. Implicit price deflators for gross national product, 1929-80 236B-4. Fixed-weighted price indexes for gross national product 1972
weights, 1959-80 238B-5. Implicit price deflators and alternative price measures for gross na-
tional product and gross domestic product, 1929-80 239B-6. Gross national product by major type of product, 1929-80 240B-7. Gross national product by major type of product in 1972 dollars,
1929-80 : 241B-8. Gross national product: Receipts and expenditures by major eco-
nomic groups, 1929-80 242B-9. Gross national product by sector, 1929-80 244B-10. Gross national product by sector in 1972 dollars, 1929-80 245B-ll. Gross domestic product of nonfinancial corporate business, 1929-
80 ; 246B-12. Output, costs, and profits of nonfinancial corporate business,
1948-80 247B-13. Personal consumption expenditures, 1929-80 248B-14. Gross private domestic investment, 1929-80 249B-15. Inventories and final sales of business, 1946-80 250B-16. Inventories and final sales of business in 1972 dollars, 1947-80 251B-17. Relation of gross national product and national income, 1929-80 ... 252B-18. Relation of national income and personal income, 1929-80 253B-19. National income by type of income, 1929-80 254B-20. Sources of personal income, 1929-80 256B-21. Disposition of personal income, 1929-80 258B-22. Total and per capital disposable personal income and personal
consumption expenditures in current and 1972 dollars, 1929-80. 259B-23. Gross saving and investment, 1929-80 260B-24. Saving by individuals, 1946-80 261B-25. Money income (in 1979 dollars) and poverty status of families and
unrelated individuals by race of householder, 1952-79 262POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:
B-26. Population by age groups, 1929-80 263B-27. Noninstitutional population and the labor force, 1929-80 264B-28. Civilian employment and unemployment by sex and age, 1947-80.. 266B-29. Selected employment and unemployment data, 1948-80 267B-30. Civilian labor force participation rate by demographic characteris-
tic, 1954-80 , 268B-31, Unemployment rate by demographic characteristic, 1948-80 269B-32. Unemployment by duration, 1947-80.. 270B-33. Unemployment by reason, 1967-80 271
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POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY—ConfdPage
B-34. Unemployment insurance programs, selected data, 1946-80 272B-35. Wage and salary workers in nonagricultural establishments, 1929-
80 273B-36. Average weekly hours and hourly earnings in selected private non-
agricultural industries, 1947-80 274B-37. Average weekly earnings in selected private nonagricultural indus-
tries, 1947-80 275B-38. Productivity and related data, private business sector, 1947-80 276B-39. Changes in productivity and related data, private business sector,
1948-80 277PRODUCTION AND BUSINESS ACTIVITY:
B-40. Industrial production indexes, major industry divisions, 1929-80.... 278B-41. Industrial production indexes, market groupings, 1947-80 279B-42. Industrial production indexes, selected manufactures, 1947-80 280B-43. Capacity utilization rate in manufacturing, 1948-80 281B-44. New construction activity, 1929-80 282B-45. New housing units started and authorized, 1959-80 284B-46. Nonfarm business expenditures for new plant and equipment,
1947-81 285B-47. Sales and inventories in manufacturing and trade, 1947-80 286B-48. Manufacturers' shipments and inventories, 1947-80 287B-49. Manufacturers' new and unfilled orders, 1947-80 288
PRICES:B-50. Consumer price indexes, major expenditure classes, 1929-80 289B-51. Consumer price indexes, selected expenditure classes, 1939-80 290B-52. Consumer price indexes by commodity and service groups, 1939-
80 \ 292B-53. Changes in consumer price indexes, major groups, 1948-80 293B-54. Changes in special consumer price indexes, 1958-80 294B-55. Producer price indexes by stage of processing, 1947-80 295B-56. Producer price indexes by stage of processing, special groups,
1974-80 297B-57. Producer price indexes by major commodity groups, 1940-80 .'.. 298B-58. Changes in producer price indexes for finished goods, 1948-80 300
MONEY STOCK, CREDIT, AND FINANCE:B-59. Money stock measures and liquid assets, 1959-80. 301B-60. Components of money stock measures and liquid assets, 1959-80... 302B-61. Commercial bank loans and investments, 1939-80 303B-62. Total funds raised in credit markets by nonfinancial sectors, 1972-
80 304B-63. Federal Reserve Bank credit and member bank reserves, 1929-80... 306B-64. Aggregate reserves and member bank deposits, 1959-80 307B-65. Bond yields and interest rates, 1929-80 308B-66. Consumer credit outstanding and net change, 1950-80 310B-67. Consumer installment credit extended and liquidated, 1950-80 3UB-68. Mortgage debt outstanding by type of property and of financing,
1939-80 312B-69. Mortgage debt outstanding by holder, 1939-80 313
GOVERNMENT FINANCE:B-70. Federal budget receipts, outlays, and debt, fiscal years 1971-82 314B-71. Federal budget receipts and outlays, fiscal years 1929-82 316
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GOVERNMENT FINANCE'—ContinuedB-72. Relation of Federal Government receipts and expenditures in the
national income and product accounts to the unified budget, Page1980-82 317
B-73. Government receipts and expenditures, national income and prod-uct accounts, 1929-80 318
B-74. Federal Government receipts and expenditures, national incomeand product accounts, 1958-82 319
B-75. State and local government receipts and expenditures, nationalincome and product accounts, 1946-80 320
B-76. State and local government revenues and expenditures, selectedfiscal years, 1927-79 , 321
B-77. Interest-bearing public debt securities by kind of obligation, 1967-80 322
B-78. Estimated ownership of public debt securities, 1967-80 323B-79. Average length and maturity distribution of marketable interest-
bearing public debt securities held by private investors, 1967-80. 324
CORPORATE PROFITS AND FINANCE:B-80. Corporate profits with inventory valuation and capital consumption
adjustments, 1946-80 325B-81. Corporate profits by industry, 1929-80 326B-82. Corporate profits of manufacturing industries, 1929-80 327B-83. Sales, profits, and stockholders' equity, all manufacturing corpora-
tions, 1950-80 328B-84, Relation of profits after taxes to stockholders' equity and to sales,
all manufacturing corporations, 1947-80 329B-85. Relation of profits after taxes to stockholders' equity and to sales,
all manufacturing corporations, by industry group, 1979-80 330B-86. Determinants of business fixed investment, 1955-80 331B-87. Sources and uses of funds, nonfarm nonfinancial corporate busi-
ness, 1946-80 ; 332B-88. Current assets and liabilities of U.S. corporations, 1939-80 333B-89. State and municipal and corporate securities offered, 1934-80 334B-90. Common stock prices and yields, 1949-80 335B-91. Business formation and business failures, 1929-80 336
AGRICULTURE:B-92. Farm income, 1929-80 337B-93. Farm output and productivity indexes, 1929-80 338B-94. Farm input use, selected inputs, 1929-80 339B-95. Indexes of prices received and prices paid by farmers, 1940-80 340B-96. U.S. exports and imports of agricultural commodities, 1940-80 341B-97. Balance sheet of the farming sector, 1929-81 342
INTERNATIONAL STATISTICS:B-98. Exchange rates, 1973-80 343B-99. U.S. international transactions, 1946-80 344B-100. U.S. merchandise exports and imports by principal end-use catego-
ry, 1965-80 346B-101. U.S. merchandise exports and imports by area, 1973-80 347B-102. U.S. merchandise exports and imports by commodity groups,
1958-80 348B-103. International investment position of the United States at year-end,
selected years, 1970-79 349B-104. World trade: Exports and imports, 1965, 1970, 1975, and 1977-80 350
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INTERNATIONAL STATISTICS—ContinuedB-105. World trade balance and current account balances, 1965, 1970, Page
1975, and 1977-80 351B-106. International reserves, selected years, 1952-80 352B-107. Growth rates in real gross national product, 1960-80 353B-108. Industrial production and unemployment rate, major industrial
countries, 1960-80 354B-I09. Consumer prices and hourly compensation, major industrial coun-
tries, 1960-80 355B-110. Summary of major U.S. Government net foreign assistance, July 1,
1945 to December 31, 1979 356
General Notes
Detail in these tables may not add to totals because of rounding.Unless otherwise noted, all dollar figures are in current dollars.Symbols used:
p Preliminary.--Not available (also, not applicable).
Note.—Data for the national income and product accounts series appear-ing in this appendix reflect benchmark revisions by the Department ofCommerce, Bureau of Economic Analysis. See Survey of Current Business fordetails.
232Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
NATIONAL INCOME OR EXPENDITURE
TABLE B-l.—Gross national product, 1929-80
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year orquarter
1929
1933
1939
1940 . . .19411942194319441945. . .1946194719481949 . .
195019511952195319541955195619571958 . ..1959
19601961 . .1962196319641965 .19661967 .1968 .1969 . . .
197019711972197319741975.19761977 .19781979 . . . .
1980 p
1978:IIIIII....IV
1979:1IIIIIIV
1980:1IIIII.... .. . .
Grossnationalproduct
103,4
55,8
90.9
100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3
286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9
506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0
992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.02,156.12,4119
2,627.4
2,032.42,129.62,190.52,271.9
2 340 62 374 62,444.12,496.3
2 57172,564.82,637.3
Personalcon:
sumptionexpendi-
tures •
77.3
45.8
67.0
71.080.888.699.4
108.2119.5143.8161.7174.7178.1
192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8
324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8
621.7672.2737.1812.0888.1976.4
1,084.31,205.51,348.71,510.9
1,670.1
1,278.31,330.11,369.91,416.6
1,454.11478 01,529.11,582.3
163101,626.81,682.2
Grossprivate
domesticinvest-ment
16.2
1.4
9.3
13.117.99.95.87.2
10.630.734.045.935.3
53.859.252.153.352.768.471.069.261.978.1
75.974.885.490.997.4
113.5125.7122.8133.3149.3
144.2166.4195.0229.8228.7206.1257.9322.3375.3415.8
395.1
350 7377.7380 4392.6
408.3423 2421.7410.0
415 6390^9377.1
Net exports of goods andservices
Netexports
1.1
A
1.2
1.81.5.2
- 1 . 9- 1 . 7- .57.8
11.96.96.5
2.24.43.21.32.53.05.37.33.31.4
5.56.66.47.6
10.18.86.56.34.34.2
6.74.1
.714.213.426.813.8
- 4 . 2- . 613.4
27.5
-12 .3- 3 . 3
1.911.4
19 982
17.97.6
8217.144.5
Exports
7.0
2.4
4.6
5.46.15.04.65.57.4
15.120.217.516.3
14.419.719.118.018.721.025.028.124.224.8
28.929.931.834.238.841.144.647.352.457.5
65.768.877.5
109.6146.2154.9170.9183.3219.8281.3
341.2
195.9214.8225.3243.5
259.1266 8293.1306.3
337 3333.3342.4
Imports
5.9
2.0
3.4
3.64.74.86.57.27.97.38.3
10.59.8
12.215.315.916.716.218.019.820.821.023.4
23.423.325.426.628.832.338.141.048.153.3
59.064.776.795.4
132.8128.1157.1187.5220.4267.9
313.6
208.2218.1223 3232.0
239 2258 62752298.7
329 1316.2297.9
Government purchases of goods andservices
Total
8.8
8.2
13.5
14.224.959.888.997.082.827.525.532.038.4
38.560.175.682.575.875.079.487.195.097.6
100.3108.2118.0123.7129.8138.4158.7180.2199.0208.8
220.1234.9253.1270.4304.1339.9362.1394.5432.6473.8
534.8
415.7425.1438 3451.3
458.24651475.4496.4
516 8530.0533.5
Total
1.4
2.1
5.2
6.116.952.081.389.474.617.612.716.720.4
18.738.352.457.547.944.545.950.053.953.9
53.757.463.764.665.267.378.890.998.097.6
95.796.2
101.7102.0111.0122.7129.2143.9153.4167.9
198.9
149.5149.1154.1160.7
164.8163 6165.1178.1
190 0198.7194.9
Federal
Nationaldefense
1.2
2.213.749.479.787.473.514.89.0
10.713.2
14.033.545.848.641.138.440.244.045.645.6
44.547.051.150.349.049.460.371.576.976.3
73.670.273.172.877.083.086.093.3
100.0111.2
132.0
96.598.4
100.9104.0
106.01081112.0118.7
125 0128.7131.4
Non-defense
3.9
3.93.22.61.62.01.12.83.76.07.2
4.74.86.58.96.86.05.75.98.38.3
9.310.412.714.316.217.818.519.521.221.2
22.226.028.529.133.939.743.250.653.456.7
66.9
53.150.753.256.7
58.855 553.159.4
64 970.063.5
Stateandlocal
7.4
6.1
8.3
8.18.07.87.57.68.29.9
12.815.318.0
19.821.823.225.027.830.633.537.141.143.7
46.550.854.359.064.671.179.889.3
101.0111.2
124.4138.7151.4168.5193.1217.2232.9250.6279.2305.9
335.9
266.2276.0284.2290.6
293.4301.6"310.4318.3
326 8331.3338.6
Percentchange
frompreced-
ingperiod,gross
nationalproduct1
- 4 . 2
7.0
10.025.026.721.39.6.9
-1 .211.111.3- .5
10.915.55.25.4.0
9.05.45.31.38.5
3.83.67.75.66.98.49.45.89.28.1
5.28.6
10.111.88.18.0
10.911.612.412.0
8.8
9.120.511.915.7
12.759
12.28.8
12 6- 1 . 111.8
1 Changes are based on unrounded data and therefore may differ slightly from those obtained from data shown here.Source: Department of Commerce, Bureau of Economic Analysis.
233Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-2.—Gross national product in 1972 dollars, 1929-80
[Billions of 1972 dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or quarter
1929 "
1933
1939 .
1940..1941 . . .1942. . .19431944.. . . .19451946194719481949..
19501951 . . .19521953195419551956 . . . .1957 ..19581959
1960. .1961.. . .196219631 9 6 4 . . . .1965 . . .1966196719681969
19701971197219731974 . . . .19751976197719781979.. ..
1980 »
1978:Iii '.;...II!IV
1979.1IIIIIIV . . . .
19801II . .Ill
Grossnationalproduct
315.7
222.1
319.8
344.1400.4461.7531.6569.1560.4478 3470.3489.8492.2
534.8579.4600.8623.6616.1657.5671.6683 8680.9721.7
737.2756.6800.3832.5876.4929.3984.8
1,011.41,058.11,087.6
1,085.61,122.41,185.91,255.01,248.01,233.91,300.41,371.71,436.91,483.0
1480 7
1,402.31,432.81,446.71,465.8
1,479.91,473.41,488.21,490.6
1,501.91,463.31,471.9
Personal consumption expenditures
Total
215.1
170.5
219.8
229.9243.6241.1248.2255.2270.9301.0305.8312.2319.3
337.3341.6350.1363.4370.0394.1405.4413.8418.0440.4
452.0461.4482.0500.5528.0557.5585.7602.7634.4657.9
672,1696.8737.1768.5763.6780.2823.7863.9904.8930.9
933 0
884.1900.6911.2923.4
925.5922.8933.4941.6
943.4919.3930.8
Durablegoods
20.9
10.7
18.6
21.224.215.714.013.014.425.430.132.535.5
42.639.138.042.142.551.148.848.645.350.7
51.449.354.759.764.872.678.479.588.391.8
89.198.2
111.1121.3112.3112.7126.6138.4146.3146.6
134 8
139.5148.1147.0150.7
149.6144.2146.7146.0
145.4126.2132.6
Non-durablegoods
98.1
82.9
115.1
119.9127.6129.9134.0139.4150.3158.9154.8155.0157.4
161.8165.3171.2175.7177.0185.4191.6194 9196.8205.0
208.2211.9218.5223.0233.3244.0255.5259.5270.5277.3
283.7288.7300.6308.0303.3308.2322.5334.0345.7354,6
357 5
339.8342.4347.2353.5
351.1350.6355.4361.3
361.5356.6354.9
Services
96.1
76.9
86.1
88.891.895.5
100.2102.8106.3116.7120.9124.7126.5
132.9137.2140.9145.6150.5157.6165.0170.3175.9184.8
192.4200.2208.8217.8229.8240.9251.8263.7275.6288.8
299.3309.9325.3339.2348.0359.3374.7391.5412.8429.6
440 7
404.8410.1417.1419.2
424.8428.0431.3434.3
436.5436.5443.3
Gross private domestic investment
Total
55.8
8.4
33.6
44.555.829.518.119.727.770.970.082.165.4
93.593.983.085.383.1
103.8102.697 087.5
108.0
104.7103.9117.6125.1133.0151.9163.0154.9161.6171.4
158.5173.9195.0217.5195.5154.8184.5213.5229.7232.6
204 0
224.9232.9229.3231.8
237.7238.7232.6221.5
218.3200.5195.3
Fixed investment
Total
51.2
13.2
32.0
38.343.824.318.022.031.458.770.276.669.8
83.080.278.783.885.396.196.895 589.3
100.9
101.2100.9109.7117.5125.9140.1146.2142.7152.6160.4
154.8165.8184.8200.4183.9161.5176.7201.2215.8222.5
205 2
207.2216.9217.8221.3
222.3220.4225.0222.2
219.2199.2200.2
Npnresidential
Total
37.5
10.4
20.9
25.830.417.614.018.727.642.148.951.146.0
50.052.952.156.355.461.365.466.259.363.6
66.966.772.075.182.797.4
108.0105.6109.5116.8
113.8112.2121.0138.1135.7119.3125.6140.6153.41G3.3
157 7
145.7153.5155.0159.4
161.4161.3166.4164.1
165.0156.1155.5
Structures
21.1
5.0
8.7
10.012.06.84.25.58.3
18.917.418.417.9
19.220.720.622.623.625.428.328426.827.4
29.530.231.631.934.440.643.442.042.845.0
43.942.844.147.443.638.339.540.544.648.5
48 0
42.144.745.346.3
45.848.049.450.7
50.548.746.8
Producers'durable
equipment
16.4
5.5
12.1
15,818.510.99.8
13.219.223.231.532.628.1
30.832.231.533.731.835.937.037.832.536.2
37.436.540.443.148.356.864.563.666.871.8
69.969.376.990.792.181,186.1
100.0108.8114.8
109 7
103.6108.9109.7113.1
115.6113.2117.0113.5
114.5107.4108.8
See next page for continuation of table.
234Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-2.—Gross national product in 1972 dollars, 1929-80—Continued
[Billions of 1972 dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or
quarter
1929
1933
1939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980 *.
1 9 7 8 :
IIIllIV
1979:1. . .III l lIV. ...
1980:
11"..".."."""..'Ill
Gross private domestic investment—continued
Fixed investment—continued
Residential
Total
13.7
2.B
11.1
12.513.36.74.03.43.8
16.621.325.623.8
33.027.326.627.529.934.831.529.230.037.4
34.234.337.742.543.142.738.237.143.143.6
41.053.763.862.348.242.251.260.662.459.1
47.5
61.563.362.861.9
60.859.158.658.1
54.243.144.7
Nonfarmstruc-tures
. 13.0
2.5
10.4
11.612.36.03.53.03.4
15.319.723.822.1
31.325.725.126.128.533.530.027.828.635.9
32.932.836.340.941.541.236.635.441.341.7
39.251.661.559.945.339.848.757.859.556.2
44.6
58 560.659.858.8
58.156.355.554.9
51.240.341.9
Farmstruc-tures
0.6
.2
.6
.8
.9
.6
.4
.4
.31.11.31.51.4
1.31.31.21.21.1.9
1.01.0.9
1.0
.81.0.9.9.9.8.9.9.8.9
.6
.7
.7
.61.1.8.8
1.01.0.9
.9
1.1.8
1.11.0
.8
.8
.91.1
1.0.8.7
Pro-ducers'durableequip-ment
0.1
.1
.1
.1
.2
.1
.0
.0
.1
.2
.3
.3
.3
.3
.3
.3
.3
.3
.4
.4
.4
.5:6
.5
.5
.6
.6
.7
.7
.8
.8
.91.1
1.11.31.51.71.71.61.71.81.92.0
2.0
1.91.91.92.0
2.02.02.12.1
2.12.02.0
Changein
businessinven-tories
4.6
- 4 . 9
1.6
6.212.05.2.1
- 2 . 3- 3 . 612.2- .25.5
- 4 . 4
10.613.74.31.5
- 2 . 27.75.81.5
- 1 . 87.0
3.53.07.87.57.1
11.816.812.29.0
11.1
3.88.1
10.217.211.6
- 6 . 77.8
12.314.010.2
- 1 . 2
17.716.011.510.6
15.418.47.6
- .7
- .91.3
- 5 . 0
Net exports of goods and
Netexports
3.7
.4
3.4
4.43.2
- .6- 5 . 9- 6 . 2-3 .713.218.910.810.7
5.910.17.94.86.97.3
10.111.85.62.7
7.78.57.59.4
12.810.16.55.41.9.9
3.91.6.7
15.527.832.225.421.924.637.7
53.8
18.723.026.130.5
36.031.641.142.2
50.151.757.6
services
Exports
16.7
9.1
14.3
; I5t516.411.49.8
10.513.827.332.226.325.8
23.628.627.926.627.830.735.338.033.233.8
38.439.341.844.850.351.754.456.761.265.0
70.571.077.597.3
108.5103.6110.1113.2127.5146.9
161.9
118.3125.4129.8136.6
141.1140.5151.3154.8
165.9160.5160.5
Imports
12.9
8.6
10.9
11.113.212.015.716.817.514.013.315.515.2
17.718.520.021.820.923.425.226.127.631.1
30.730.934.335.437.541.647.951.359.364.1
66.669.376.781.880.7.71.484.791.3
103.0109.2
108.2
99.5102.4103.7106.2
105.1108.8110.2112.6
115.8108.9102.8
Government purchases ofgoods and services
Total
41.0
42.9
63.0
65.397.8
191.6271.3300.4265.4
93.175.784.796.8
98.1133.7159.8170.1156.0152.3153.5161.2169.9170.6
172.8182.9193.2197.6202.6209.8229.7248.5260.2257.4
251.1250.1253.1253.5261.2266.7266.8272.3277.8281.8
289.9
274.6276.3280.0280.1
280.6280.3281.1285.3
290.1291.9288.2
Federal
7.0
10.9
22.8
26.761.0
157.4239.6269.7233.7
58.236.342.849.2
47.382.2
107.2114.796.188.286.890.693.491.4
90.495.3
102.8101.8100.2100.3112.6125.1128.1121.8
110.6103.7101.795.996.697.496.8
100.799.8
101.7
108.3
99.498.0
100.8101.0
102.9100.899.9
103.1
107.6110.7106.9
Stateandlocal
33.9
32.0
40.3
38.636.834.331.730.731.734.939.441.947.5
50.851.552.755.359.964.166.770.676.579.2
82.487.590.495.8
102.4109.5117.1123.4132.1135.6
140.5146.4151.4157.6164.5169.3170.0171.6178.0180.1
181.7
175.3178.3179.2179.2
177.7179.4181.2182.2
182.5181.2181.3
Percentchange
frompreced-
ingperiod,gross
nationalproduct1
- 2 . 2
7.8
7.616.315.315.17.1
- 1 . 5-14.7- 1 . 7
4.1.5
8.78.33.73.8
- 1 . 26.72.11.8
- .46.0
2.22.65.84.05.36.06.02.74.62.8
- . 23.45.75.8
= .6-1 .1
5.45.54.83.2
= .2
3.29.03.95,4
3.9-1 .7
4.1.6
3.1- 9 . 9
2.4
1 Changes are based on unrounded data and therefore may differ slightly from those obtained from data shown here.Source: Department of Commerce, Bureau of Economic Analysis.
235Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-3.—Implicit price deflators for gross national product, 1929-80
[Index numbers, 1972-100, except as noted; quarterly data seasonally adjusted]
Year or quarterGross
nationalproduct1
Personal consumption expenditures
Total Durablegoods
Nondurablegoods Services
Gross private domestic investment *
Fixed investment
Total
Presidential
Total StructuresProducers'durable
equipment
1929
1933
1939
1940....1941. .1942. ..19431944 ..19451946194719481949
1950195119521953. . ..195419551956195719581959
1960. .19611962196319641965. ...1966...196719681969...
197019711972197319741975 ."." *.'"..'".....' '""'.19761977... . '.'19781979
1980 ".
1978:
n"Z '.'.....HIIV
1979:IIIIIIIV
1980:Ij |lit
32,76
25.13
28.43
29.0631.2334.3236.1437.0137.9143.8849.5552.9852.49
53.5657.0957.9258.8259.5560.8462.7964.9366.0467.60
68.7069.3370.6171.6772.7774.3676.7679.0682.5486.79
91.4596.01100.00105.69114.92125.56132.11139.83150.05162.77
177.45
144.93148.63151.42154.99
158.16161.17164.23167.47
171.23175.28179.18
35.9
26.9
30.5
30.933.236.740.142.444.147.852.956.055.8
56.960.662.063.263.764.465.667.869.270.6
71.972.673.774.875.977.279.481.484.688.4
92.596.5
100.0105.7116.3125.2131.6139.5149.1162.3
179.0
144.6147.7150.3153.4
157.1160.2163.8168.0
172.9177.0180.7
44.2
32.5
35.9
36.740.043.746.751.355.562.167.870.370.5
72.276.376.777.275.075.677.780.981.383.8
83.884.385.486.287.186.886.788.291.193.3
95.799.0
100.0101.7108.2117.3123.9129.2136.2144.8
156.0
132.6135.1137.4139.4
142.0143.9145.4148.0
151.9154.1157.5
38.4
26.8
30.5
30.933.639.143.746.247.852.158.762.360.3
60.765.866.566.366.666.367.369.471.071.4
72.673.373.974.975.877.380.181.985.3
93.696.6
100.0108.3123.1132.1137.0143.4153.2169.8
188.6
148.3152.0154.5157.9
162.9167.3172.1176.9
182.9186.2190.0
31.6
26.1
29.2
29.530.832.434.236.137.338.841.744.446.0
47.449.952.655.457.258.460.162.264.166.0
67.969.070.471.772.774.276.478.781.986.0
90.595.6
100.0104.7113.0121.6129.6139.9150.1162.1
178.2
145.6148.6151.4154.6
157.7159.9163.3167.4
171.6176.0180.3
28.3
22.4
27.7
28.530.733.535.737.037.241.349.053.754.9
56.760.962.363.163.665.068.571.171.071.8
72.171.872.272.372.974.076.378.882.287.0
91.195.7
100.0105.5116.7131.9139.2149.7163.7179.1
194.5
157.2161.7165.9169.4
172.8177.0181.5184.9
188.5192.5196.4
28.3
22.9
28.2
29.131.033.935.936.836.740.046.951.553.0
54.559.160.161.261.762.967.371.070.972.2
72.572.072.573.173.874.776.979.582.886.7
91.396.2
100.0103.8115.4132.2138.6146.2157.7171.3
187.1
152.8155.9159.4162.3
165.5169.2173.4176.8
180.5185.7189.1
24.3
19.2
23.0
23.424.928.432.433.833.936.644.048.848.4
49.355.156.357.456.557.662.464.963.964.2
63.763.363.664.164.966.469.272.275.881.5
88.294.5
100.0107.7128.2144.8149.0159.4176.4198.6
225.2
166.8173.2179.5185.1
190.6194.0201.4207.4
214.3222.4229.5
33.4
26.2
32.0
32.834.937.337.338.037.942.848.653.056.0
57.861.762.663.865.566.671.175.576.678.3
79.479.379.479.780.180.682.184.387.289.9
93.297,2
100.0101.8109.3126.2133.9140.9150.1159.7
170.4
147.1148.9151.2153.0
155.6158.7161.5163.2
165.6169.0171.7
See next page for continuation of table.
236Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-3.—Implicit price deflators for gross national product, 1929-80—Continued
[Index numbers, 1972=100, except as noted; quarterly data seasonally adjusted]
Yea* or quarter
Gross private domesticinvestmentl—continued
Fixed investment—continued
Residential
TotalNon-farmstruc-tures
Farmstruc-tures
Pro-ducers'durableequip-ment
Exports andimports ofgoods andservices1
Exports Imports
Government purchasesof goods and services
Total FederalStateandlocal
Grossdomesticproduct
Percent changefrom preceding
period2
Grossnationalproductimplicit
pricedeflator
Grossdomesticproductimplicit
pricedeflator
1929
1933
1939
19401941194219431944 .19451946194719481949
1950195119521953195419551956195719581959
1960196119621963 .. .196419651966196719681969
1970...19711972....1973. .19741975 .19761977 ...1978,1979
1980 *.
1978:IIt....III .IV
1979:I . .I I . . .IllIV ..
1980:IIt .III...
28.2
20.7
26.6
27.430.032.434.938.140.844.653.758.158.7
60.064.466.466.967.168.771.071.471.271.1
71.471.371.570.971.272.374.677.080.787.7
90.594.8
100.0109.1120.3131.0140.7158.0178.3200.5
219.1
167.8175.7181.8187.9
191.9198.4204.6207.7
212.6217.4221.9
27.8
19.8
26.3
27.229.731.834.337.340.043.953.057.558.1
59.563.865.866.366.668.270.570.970.770.6
70.970.971.170.570.872.074.376.780.587.5
90.394.7
100.0109.4120.8131.6141.3159.0179.8202.7
222.2
169.0177.1183.3189.6
193.7200.4207.0210.1
215.2220.7225.2
28.6
19,5
23.4
23.626.630.735.740.842.946.652.857.358.0
59.463.765.766.266.568.370.670.970.870.7
71.170.771.270.670.972.274.276.780.687.5
90.695.0
100.0109.2120.5131.9140.7157.2179.0202.0
220.0
168.7176.0182.5188.3
192.1199.7205.5207.7
213.6219.4223.1
77.2
58.8
61.1
59.663.871.371.475.084.695.2
105.6111.5107.9
107.4114.9114.6114.2112.4109.1104.3103.4101.9101.8
100.899.096.895.394.392.190.891.093.595.7
97.899.3
100.0100.6106.8116.9122.7126.6132.7140.3
149.5
129.5131.6133.7135.9
138.4139.7140.5142.4
145.5148.5151.0
42.2
26.5
32.1
34.937.343.646.851.953.655.462.866.563.1
61.068.868.667.567.268.571.074.073.173.5
75.276.176.076.377.279.481.983.585.588.5
93.297.0
100.0112.7134.7149.6155.2161.9172.4191.5
210.7
165.6171.3173.5178.2
183.7189.9193.7197.9
203.4207.6213.4
45.5
23.6
31.0
32.835.440.041.342.744.951.862.367.864.6
68.882.679.976.777.277.178.479.676.175.2
76.175.574.275.276.877.779.479.981.183.2
88.693.3
100.0116.7164.6179.5185.5205.4214.0245.4
289.9
209.1212.9215.3218.5
227.7237.6249.8265.2
284.2290.4289.7
21.5
19.2
21.4
21,725.531.232.832.331.229.633.637.739.7
39.245.047.348.548.649.251.754.055.957.2
58.059.161.162.664.1
. 66.069.172.576.581.1
87.793.9
100.0106.7116.4127.5135.7144.8155.7168.1
184.4
151.4153.8156.5161.1
163.3166.0169.2174.0
178.1181.6185.1
20.5
19.4
22.7
22.727.833.034.033.131.930.235.039.041.4
39.646.648.950.149.950.452.955.157.759.0
59.460.262.063.565.167.170.072.776.580.1
86.692.7
100.0106.3114.9126.0133.5142.9153.7165.1
183.7
150.5152.1152.9159.2
160.1162.2165.2172.8
176.5179.5182.4
21.8
19.1
20.7
20.921.722.823.724.825.828.532.436.437.8
38.942.344.145.246.5.47.650.252.653.855.1
56.558.060.161.663.164.968.272.476.482.0
88.694.7
100.0106.9117.4128.3137.0146.0156.9169.8
184.9
151.9154.8158.6162.2
165.1168.1171.3174.7
179.1182.8186.7
32.8
25.1
28.4
29.131.234.336.137.037.943.949.553.052.5
53.657.157.958.859.560.862.864.966.067.6
68.769.370.671.772.874.476.879.182.586.8
91.496.0
100.0105.7114.9125.6132.1139.8150.1162.8
177.5
144.9148.6151.4155.0
158.2161.2164.3167.5
171.3175.3179.2
- 2 . 1
2.27.59.95.32.42.4
15.712.96.9
- . 9
2.16.61.41.61.22.23.23.41.72.4
1.6.9
1.81.51.52.23.23.04.45.1
5.45.04.25.78.79.35.25.87.38.5
9.0
5.810.67.79.8
8.47.87.88.1
9.39.89.2
1 Separate deflators are not available for gross private domestic investment, change in business inventories, and net exports ofgoods and services.2 Changes are based on unrounded data and therefore may differ slightly from those obtained from data shown here. Quarterly dataare at annual rates.
Source: Department of Commerce, Bureau of Economic Analysis.
237Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-4.—Fixed-weighted price indexes for gross national product 1972 weights, 1959-80
[Index numbers, 1972=100; quarterly data seasonally adjusted]
Years or quarterGross
nationalproduct
Personalcon-
sumptionexpendi-
tures
Gross private domesticinvestment1
Fixed investment
Total Nonresi-dential
Residen-tial
Exports andimports ofgoods andservices1
Ex-ports
Im-ports
Government
Total Feder- Stateandlocal
Grossdomes-
ticproduct
1959
19601961... .1962...1963...1964
1965... .19661967....1968...1969
1970...1971...1972...1973...1974...
1975...1976...1977...1978...1979...
1980 »
1978:
III!III....IV....
1979:IIIIllIV
1980:I
69.1
70.271.072.072.873.7
75.077.279.583.087.2
91.796.1
100.0105.8115.6
126.0133.1141.6152.3166,3
182.0
147.1150.6153.7157.6
161.1164.4167.9171.9
175.9179.8183.8
72.1
73.374.074.875.776.6
77.779.781.684.888.5
92.696.5
100.0105.8116.8
125.8132.4140.6150.6164.8
182.8
145.8149.3152.0155.3
159.1162.5166.6171.1
176.4180.5184.7
74.3
74.574.474,274.074,3
75.277.079.382.587.3
91.295.8
100.0105.8117.9
132.3140.2151.8167.1185.0
204.0
159.7164.8169.5173.9
177.8182.8187.9191.7
196.7202.4207.1
73.9
74.474.374,374.775.2
76.177.980.383.387,0
91.696.3
100.0104.0116.5
132.9139.9148.5161.1176.7
195.6
155.4159.1163.0166.5
170.3174.4178.8183.0
188.0193.9198.6
74.9
74.974.773.972.672.6
73.575.377.581.087.8
90.694.9
100.0109.2120.5
131.2140.8158.0178.3200.9
220.0
167.9175.7181.7188.0
192.1198.6205.1208.1
213.2218.4223.1
73.8
75.476.476,376.677.4
79.782.183.485.488.4
93.196.9
100.1112.6137.4
151.7156.9164.1174.8196.8
216.8
168.5172.9175.6181.4
188.1195.5199.5203.4
210.0213.1218.9
75.0
76.175.473.874.776.4
77.178.879.380.783.0
88.493.3
100.0116.6161.2
174.5178.6194.6209.6243.3
300.0
203.5208.1211.3215.3
224.7234.8249.5265.3
287.9296.9305.8
56.8
58.259.461.262.764.3
66.169.172.376.481.3
87.994.0
100.0106.8117.2
128.2136.2145.5156.4170.4
188.2
151.7154.1157.5162.1
165.1167.7171.7177.5
182.1185.9189.7
56,8
59.660.561.763.365.3
67.269.771.675.779.8
86.793.0
100.0106.6116.6
127.4134,8144.6154,2168.0
188.9
150.7152.1154.5159,8
162.0164.1169.0178.1
182.8186.0189.4
58.5
57.258.760.862.363.7
65:468.672.976.982.3
88.794.8
100.0106.9117.7
128.8137.2146.1157.8172.0
187.8
152.4155.4159.5163.6
167.1170.2173.5177.0
181.7185.8189.9
69.1
70,371.172.072.873.7
75.077.279.583.087.2
91.796.1
100.0105.8115.6
126.0133.2141.6152.3166.4
182.1
147.1150.6153.8157.6
161.1164.5168.0171.9
176.0179.9183,9
1 Separate deflators are not available for gross private domestic investment, change in business inventories, and net exports of goodsand services.
Note.—Data are preliminary and subject to further revision.
Source: Department of Commerce, Bureau of Economic Analysis.
238Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-5.—Implicit price deflators and alternative price measures for gross national product and gross
domestic product, 1929-80
[Quarterly data seasonally adjusted]
Year or quarter
1929
1933
1939
194019411942 ..1943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969 . ...
197019711972197319741975 ... . .. ..1976197719781979
1980"
1978:|
IIIIV . ...
1979:
UIllIV
1980:1IIIII
Index numbers, 1972=100
Gross nationalproduct
Implicitprice
deflator
32.76
25.13
28.43
29,0631.2334.3236.1437 0137 9143.8849.5552.9852 49
53.5657.0957.9258 8259.5560 8462.7964.9366.0467.60
68.7069.3370.6171.6772.7774.3676.7679.0682.5486.79
91.4596.01
100.00105.69114.92125.56132.11139.83150.05162.77
177.45
144.93148.63151.42154.99
158.16161.17164.23167.47
171.23175.28179.18
Fixed-weighted
priceindex(1972
weights)
69.1
70.271.072.072.873.775.077.279.583.087.2
91.796.1
100.0105.8115.6126.0133.1141.6152.3166.3
182.0
147.1150.6153.7157.6
161.1164.4167.9171.9
175.9179.8183.8
Gross domesticproduct
Implicitprice
deflator
32.8
25.1
28.4
29.131.234.336.137.037 943.949 553.052 5
53.657.157.958.859.560.862.864.966.067.6
68.769,370.671.772.874.476.879.182.586.8
91.496.0
100.0105.7114.9125.6132.1139.8150.1162.8
177.5
144.9148.6151.4155.0
158.2161.2164.3167.5
171.3175.3179.2
Fixed-weighted
priceindex(1972
weights)
69.1
70.371.172.072.873.775.077.279.583.087.2
91.796.1
100.0105.8115.6126.0133.2141.6152.3166.4
182.1
147.1150.6153.8157.6
161.1164.5168.0171.9
176.0179.9183.9
Percent change from preceding periodl
Gross national product
Implicitprice
deflator
21
- 8
2.27.59.95.32.424
15.712 96.9
g
2.16.614161.2223.23.41.72.4
1.6.9
1.81.51.52.23.23.04.45.1
5.45.04.25.78.79.35.25.87.38.5
9.0
5.810.67.79.8
8.47.87.88.1
9.39.89.2
Fixed-weighted
priceindex(1972
weights)
1.61.11.31.21.21.83.03.04.25.1
5.24.84.05.89.39.05.76.37.69.2
9.5
5.99.88.7
10.4
9.18.58.99.7
9.89.19.2
Chainpriceindex
1.61.01.31.31.51.83.12.84.35.1
5.44.94.15.89.09.15.76.17.58.6
8.6
6.19.68.4
10.0
8.88.07.48.5
8.38.59.4
Gross domestic product
Implicitprice
deflator
- 2.1
- 8
2.27.59.9532.424
15.712.96.9
g
2.16.61.4161.22.2323.41.72.4
1.6.9
1.81.51.52.23.23.04.45.2
5.45.04.25.78.79.35.25.87.38.5
9.0
5.810.67.79.8
8.47.87.88.1
9.39.89.2
FixedAweighted
priceindex(1972
weights)
1.61.11.31.21.21.83.03.04.25.1
5.24.84.05.89.39.05.76.37.69.2
9.5
5.99.88.7
10.4
9.28.58.99.7
9.89.19.2
Chainpriceindex
1.61.01.31.31.41.83.12.84.35.1
5.44.94.15.89.09.15.76.27.58.7
8.6
6.29.68.4
10.0
8.88.07.48.5
8.28.59.4
1 Changes are based on unrounded data and therefore may differ slightly from those obtained from published indexes shown here.Quarterly percent change data are at annual rates.
Note.—Data for fixed-weighted and chain price indexes are preliminary and subject to revision in late January 1981.Source: Department of Commerce, Bureau of Economic Analysis.
239Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-6.—Gross national product by major type of product, 1929-80
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1929 . . .
1933
1939
1940194119421943194419451946.1947...19481949
195019511952 ,.,,195319541955 .. .1956 .. .1957 . .19581959 . ,
1960. ..,1961 . .1962. ..1963196419651966196719681969
19701971.197?19731974197519761977 ,. .19781979
1980 *
1978:1IIIllIV
1979:|III l lIV
1980:1||III
Grossnationalproduct
103.4
55.8
90.9
100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3
286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9
506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0
992.71,077.61,185.91,326.41,434.21,549.21,718,01,918.02,156.12,413.9
2,627.4
2,032.42,129.62,190.52,271.9
2 340 62,374.62,444.12,496.3
2,571.72,564 82,637.3
Finalsales
101.7
57.4
90.5
97.8120.6156.7192.8211.6213.5203.5233.5254.8261.4
279.7320.5344.8366 3368.4394.1417.0442.6451.2482.2
503.6522.2558.8590.7632.1681.2741.9789.3865.5934.2
989.51,070.01,175.71,307.91,420.11,556.11,706.21,897.02,133.92,396.4
2,631.3
2,007.52,102.62,171.42,254.2
2 316 22.34L52,430.82,497.1
2,569.12 557 42,653.3
Inven-tory
change
1.7
-1 .6
.4
2.24.51.8
= .6- 1 . 0-1 .0
6.4- .54.7
- 3 . 1
6.810.33.1.4
= 1.56.04.71.3
- 1 . 55.7
3.02.36.36.05.69.9
14.110.37.99.8
3.27.7
10.218.514.1
- 6 . 911.821.022.217.5
- 3 . 9
24.927.019.117.7
24 333*113.3— .8
2.574
-16.0
Total
Total
56.1
27.0
49.0
56.072.593.7
120.4132.3128.9125.3139.8154.4147.7
162.4189.5194.6203.1196.1214.5223.3232.3228.2248.5
254.2257.4278.5290.3309.8338.4375.0389.4421.3450.2
459.9485.3529.6604.1646.7694.0771.1852.6946.6
1,055.9
1,132.0
885.7938.9959.5
1,002.2
1038 6l]04L91,064.91,078.3
1,116.91 106 4\M%A
Finalsales
54.4
28.6
48.6
53.868.091.9
121.0133.3129.9118.9140.3149.7150.8
155.6179.2191.5202.7197.6208.5218.6231.0229.7242.9
251.3255.0272.2284.3304.2328.5360.9379.1413.4440.4
456.6477.7519.4585.6632.5700.9759.3831.6924.4
1,038.5
1,135.9
860.9911.9940.5984.5
1014 3l!00&81,051.61,079.1
1,114.41099 0l,U5A
Inven-tory
change
1.7
- 1 . 6
.4
2.24.51.8
-.6- 1 . 0- 1 . 0
6.4— 547
= 3.1
6.810.33.1
.4- 1 . 5
6.04.71.3
- 1 . 55.7
3.02.36.36.05.69.9
14.110.37.99.8
3.27.7
10.218.514.1
- 6 . 911.821.022.217.5
- 3 . 9
24.927.019.117.7
24 331113.3
3
2.574
— 16!o
Goods
Durable goods
Finalsales
16.1
5.4
12.4
15.423.834.554.258.550.131.844.448.050.0
56.266.472.577.873.981.485.991.384.490.8
93.392.7
102.9109.4118.9131.6147.0153.5167.9178.5
179.2187.1207.4237.6250.7279.4312.5353.9392.0439.7
463.8
359.0390.7399.4418.9
434 7426.4449.2448.4
468.2441 3464^9
Inven-tory
change
1.4
- .5
.3
1.23.11.0.0
= .6- 1 . 3
5.31.41.0
- 1 . 8
3.66.11.21.5
=2.53.42.1.5
- 2 . 83.1
1.6= .13.42.74.06.7
10.25.54.76.4
-=.12.87.2
13.112.0
= 8.47.78.8
17.811.5
- 4 . 9
21.816.915.117.3
18 920.96.7
= .4
= 11.833
=8.4
Nondurable goods
Finalsales
38.3
23.2
36.2
38.444.257.466.874.879.887.195.9
101.7100.9
99.4112.8119.0124.9123.7127.1132.7139.6145.3152.1
158.0162.4169.3174.9185.3196.9213.9225.6245.5261.9
277.5290.6312.0348.0381.8421.5446.7477.7532.5598.8
672.1
501.9521.2541.1565.6
579 5582.4602.4630.7
646.2657 7680^5
Inventorychange
0.3
= 1.1
.1
1.01.4.7
- .6- . 3
.21.1
- 1 . 93.7
- 1 . 3
3.24.22.0
= 1.11.02.62.6.8
1.32.5
1.32.42.83.31.63.23.94.93.13.4
3.34.83.05.32.21.54.2
12.24.46.0
1.0
3.110.03.9
.4
5 5\Z26.6
—.5
14.34 1
- 7 7
Services
35.9
25.9
34.4
35.740.850.863.072.377.068.871.677.282.2
88.5103.5113.9121.6126.2136.1146.2158.7167.7179.8
193.8207.0222.0237.1255.0273.3299.0326.5358.2391.9
429.9472.0519.0571.5636.1705.2779.3869.0976.2
1,097.2
1,231.1
935.1959.1989.3
1,021.5
1 055 5l|078!51,112.01142.8
1,178.61 205 6U49i0
Struc-tures
11.4
2.9
7.5
8.311.814.08.76.16.5
15.721.728.028.4
35.637.839.442.044.549.552.253.053.859.5
58.560.264.569.372,979.382.083.694.0
101.8
102.9120.3137.3150.8151.4150.0167.6196.4233.2260.8
264.3
211.5231.6241.6248.2
246 5254^2267.3275.1
276.2252 8258^9
Autooutput
7.28,8
11.9
15.413.312.016.114.721.216.919.414.419.4
21.317.822.525.225.931.230.428.035.134.9
28.739.141.646.239.240.755.965.369.668.0
59.0
65.872.267.872.6
76 06*564.961.8
64.453 6543
Source: Department of Commerce, Bureau of Economic Analysis.
240Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-7.—Gross national product by major type of product in 1972 dollars, 1929-80
[Billions of 1972 dollars; quarterly data at seasonally adjusted annual'rates]
Year orquarter
1929
1933
1939 .
1940 .19411942 . . . .194319441945194619471948 . .1949 .
1950 . . .1951 . . . .1952195319541955 .1956 .195719581959
1960. .19611962.19631964.196519661967. .1968 . .1969
1970 .1971 .. .1972197319741975 . ..1976 . .1977..,.1978 .1979 . . ..
1980 *..
1978.1IIIllIV
1979:
II " . .Ill . .IV.
1980.
II111
Grossnationalproduct
315.7
222.1
319.8
344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2
534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7
737.2756.6800.3832.5876.4929.3984.8
1,011.41,058.11,087.6
1,085.61,122.41,185.91,255.01,248.01,233.91,300.41,371.71,436.91,483.0
1,480.7
1,402.31,432.81,446.71,465.8
1,479.91,473.41,488.21,490.6
1,501.91,463.31,471.9
Finalsales
311.0
227.0
318.2
337.9388.4456.5531.5571.4564.0466.1470.6484.3496.6
524.2565.6596.5622.1618.2649.8665.8682.2682.8714.7
733,7753.7792.4825.0869.3917.5968.0999.2
1,049.11,076.6
1,081.81,114.31,175.71,237.81,236.41,240.61,292.71,359.31,423.01,472.9
1,481.8
1,384.61,416.81,435.21,455.3
1,464.41,455.01,480.61,491.3
1,502.81,462.01,476.9
Inven-tory
change
4.6
=4.9
1.6
6.212.05.2.1
- 2 . 3-3 .612.2- .25.5
-4 .4
10.613.74.31.5
-2 .27.75.81.5
- 1 . 87.0
3.53.07.87.57.1
11.816.812.29.0
11.1
3.88.1
10.217.211.6
-6 .77.8
12.314.010.2
-1 .2
17.716.011.510.6
15.418.47.6
- . 7
- . 91.3
- 5 . 0
Goods
Total
144.3
97.5
154.3
171.7198.6221.4263.3287.3278.5238.3237.7244.8240.3
2615283.7292.1306.8292.7316.7320.9321.7311.6332.5
335.8338.0361.3372.2393.8422.6456.4463.4483.1496.0
486.9497.2529.6573.0564.0549.2588.9628.8655.9674.5
665.9
635.4655.1659.5673.5
681.8669.1673.6673.3
682.1658.1657.5
Total
Finalsales
139.7
102.3
152.7
165.5
21&2263.3289.6282.2226.2237.9239.4244.7
250.9270.0287.8305.3294.9309.0315.1320.2313.4325.5
332.3335.0353.5364.7386.7410.8439.6451.2474.1484.9
483.2489.1519.4555.8552.4555.9581.1616.5641.9664.3
667.1
617.7639.0648.0662.9
666.4650.8666.0674.0
683.0656.8662.4
)
Inven-tory
change
4.6
- 4 . 9
1.6
6.212.05.2.1
- 2 . 3- 3 . 612.2- .25.5
- 4 . 4
10.613.74.31.5
- 2 . 27.75.81.5
- 1 . 87.0
3.53.07.87.57.1
11.816.812.29.0
11.1
3.88.1
10.217.211.6
- 6 . 77.8
12.314.010.2
- 1 . 2
17.716.011.510.6
15.418.47.b
- . 7
- . 91.3
- 5 . 0
Durable goods
Finalsales
40.4
17.5
35.5
43.157.875.7
118.8135.9121.260.375.577.378.3
86.198.2
107.9116.2109.0117.2117.8119.4109.2113.6
115.6114.7125.7132.5143.0157.2174.0178.3187.4193.0
187.5188.7207.4236.1234.1230.3242.8264.2278.6290.2
281.4
261.6280.5282.4290.1
295.0283.8292.1289.9
295.2270.1278.4
Inven-tory
change
3.5
- 2 . 1
.7
3.48.23.5.7
- 1 . 8- 3 . 710.81.41.6
- 2 . 9
5.59.01.72.3
- 3 . 74.52.9.9
- 3 . 43.9
2.0- .14.23.45.18.2
12.36.65.47.2
.03.07.2
12.79.4
-6 .45.45.8
10.96.7
-2 .0
13.810.19.2
10.6
11.411.93.8
- .3
- 4 . 6.7
- 3 . 8
Nondurable goods
Finalsales
99.3
84.9
117.2
122.4128.7140.5144.4153.7161.0165.8162.4162.1166.4
164.8171.8179.9189.1185.9191.9197.2200.8204.3211.9
216.6220.3227.8232.2243.7253.6265.6272.9286.7291.9
295.7300.4312.0319.7318.3325.7338.3352.3363.3374.1
385,6
356.1358.5365.6372.8
371.3367.0373.8384.1
387.7386.7384.0
Inventorychange
1.1
- 2 . 8
.9
2.83.81.7
= .6- .5
.11.3
-1 .63.8
- 1 . 5
5.14.72.6
= .81.53.22.9.6
1.63.1
1.63.03.74.21.93.64.55.63.63.9
3.75.13.04.52.2
- .32.46.53.03.5
.8
3.95.92.3
= .1
4.06.43.8
- . 4
3.7.6
- 1 . 1
Services
127.4
110.7
135.2
139.9158.5193.9242.0263.7263.0200.8188.1192,5198.3
207.4231.3243.2247.5249.1260.1270.2282.4287.6299.4
312.5326.9341.5356.2374.0390.7412.6434.1453.0469.2
482.4497.8519.0542.9563.0576.4595.6618.2649.0678.0
696.1
639.9644.2652.8658.9
669.1674.8683,0684.9
690.7690.6699.9
Struc-tures
43.9
14.0
30.3
32.543.346.326.218,118.839.144.652.453.6
65.964.365.569.374.380.780.579.781.789.8
89.091.797.4
104.1108.6116.0115.9113.9122.0122.5
116.3127.3137.3139.1121.0108.3116.0124.6132.1130.6
118.7
127.0133.6134.4133.4
129.0129.5131.6132.4
129.1114.6114.5
Autooutput
II
""12.313.918.0
23.019.317.122.621.629.823.024.518.623.2
25.321.226.028.729.435.734.831.838.537.4
29.838.941.646.437.135.745.350.750.246.8
37.9
48.552.448.451.4
53.248.444.041.4
42.534.634.6
Source: Department of Commerce, Bureau of Economic Analysis.
241Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-8.—Gross national product: Receipts and expenditures by major economic groups, 1929-80
[Billions of dollars)
Year orquarter
1929 .
1933
1939. . . .
1940.. ..1941194? ..1943.19441945..1946194719481949
1950.. ..19511952..1953. ...1954, ..1955 ....1956195719581959
196019611962. . . .1963.. . .19641965... .196619671968 . . .1969
197019711972197319741975 ..1976197719781979
1980 "
Persons
Disposable personal income
Total1
82.4
45.6
70.0
75.392.2
116.6133.0145.6149.11589168.7188.0187.9
206.6226.0237.7252.2257.1275.0292.9308.6319.0338.4
352.0365.8386.8405.9440.6475.8513.7547.9593.4638.9
695.3751.8810.3914.5998 3
1,096.11,194.41,311.51,462.91,641.7
1,821.8
Less:Inter-estpaidand
trans-fers2
1.9
.7
.9
1.01.1
.8
.7
.8
.91.41.72.12.3
2.72.93.34.04.34.85.65.96.06.5
7.47.78.39.4
10.511.712.613.314.616.6
17.818.920.723.625 125.327.632.037.944.6
47.5
Equals:Total
excludinginterestpaid andtransfers
80.5
44.9
69.2
74.491.1
115.8132.3144.8148.2157,5167.0185.9185.6
203.9223.1234.5248.2252.8270.1287.3302.7313.0331.9
344.6358.0378.5396.5430.1464.0501.1534.5578.8622.4
677.5732.9789.7890.9973 2
l,070J1,166.81,279.61,425.11,597.1
1,774.3
Personalcon-
sumptionexpendi-
tures
77.3
45.8
67.0
71.080.888.699.4
108.2119.5143.8161.7174.7178.1
192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8
324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8
621.7672.2737.1812.0888 197M
1,084.31,205.51,348.71,510.9
1,670.1
Per-sonalsaving
ordis-
saving
3.3
-.9
2.2
3.410.327.232.936.628.713.75.2
11.17.5
11.916.117.418.517.016.421.322.323.621.1
19.723.023.321.929.633.736.044.341.940.6
55.860.752.679.085 194382.574.176.386.2
104.2
(
Net receipts
Tax andnontaxreceipts
oraccruals
11.3
9.3
15.4
17.725.032.649.251.253.251.056.958.955.9
69.085.290.194.689.9
101.1109.7116.2115.0129,4
139.5144.8156.7168.5174.0188.3212.3228.2263.1296.7
302.8322.6368.3413.1455 2470:5538.4605.7681.6765.2
834.2
Less:Trans-fers,inter-
andsubsi-dies3
1.5
2.5
4.1
4.33.84.24.46.09.9
18.017.118.520.9
22.519.118.319.021.323.025.128.232.633.4
36.140.942.444.146.549.554.962.270.178.0
93.3107.1118.5134.8155 9194^212.8229.5249.3279.5
334.2
Equals:Net
receipts
9.8
6.9
11.3
13.521.228.444.745.243.333.039.940.435.0
46.566.271.875.668.678.184.688.082.496.0
103.4103.9114.3124.4127.5138.9157.4166.0193.0218.7
209.6215.4249.8278.3299 32761325.6376.1432.4485.7
500.0
lover n ment
Expenditures
Totalexpendi-
tures
10.3
10.7
17.6
18.428.864.093.3
103.092.745.642.550.559.3
61.079.293.9
101.697.098.0
104.5115.3127.6131.0
136.4149.1160.5167.8176.3187.8213.6242.4269.1286.8
313.4342.0371.6405.3460 05343574.9624.0681.9753.2
869.0
Less:Trans-fers,mter-
andsubsi-dies3
1.5
2.5
4.1
4.33.84.24.46.09.9
18.017.118.520.9
22.519.118.319.021.323.025.128.232.633.4
36.140.942.444.146.549.554.962.270.178.0
93.3107.1118.5134.8155 919^4212.8229.5249.3279.5
334.2
Equals:Pur-
chasesof
goodsandserv-ices
8.8
8.2
13.5
14.224.959.888.997.082.827.525.532.038.4
38.560.175.682.575.875.079.487.195.097.6
100.3108.2118.0123.7129.8138.4158.7180.2199.0208.8
220.1234.9253.1270.4304 1339^362.1394.5432.6473.8
534.8
Surplusor
deficit
nationalincome
andproductaccounts
1.0
-1 .4
- 2 . 2
- .7- 3 . 8
=31.4-44.1= 51.8-39.5
5.414.48.4
- 3 . 4
8.06.1
- 3 . 8- 6 . 9- 7 . 1
3.15.2
.9-12.6- 1 . 6
3.1- 4 . 3- 3 . 8
.7- 2 . 3
.5- 1 . 3
-14 .2- 6 . 0
9.9
-10 .6-19.4- 3 . 3
7.84 7
- 6 1 8-36.5= 18.3
- .211.9
-34 .8
See next page for continuation of table.
242Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-8.—Gross national product: Receipts and expenditures by major economic groups, 1929-
80—Continued
[Billions of dollars]
Year orquarter
1929
1933 . . . .
1939 . . . .
1940... .194119421943 .. . .19441945 . . .1946 .. .194719481949. .
19501951 . . ..1952 . .1953 . .19541955195619571958 ' ...."1959.
1960 . .1961. .. .1962 .196319641965 . .1966196719681969 ..
1970 _1971. . .197219731974.19751976.19771978 .1979
1980" . . . .
Business
Grossretained
earnings4
11.6
3.1
8.8
10.812.114.816.717.616.b15.922.130.231.5
30.734.837.438.241.147.949.452.051.758.7
58.360.067.271.076.786.092.795.6
100.0103.0
102.8119.7136.6148.7149.4188.4211.9248.3279.1312.7
333.4
urossprivate
domesticinvest-ment5
16.2
1.4
9.3
13.117.99.95.87.2
10.630.734.045.935.3
53.859.252.153.352.768.471.069.261.978.1
75.974.885.490.997.4
113.5125.7122.8133.3149.3
144.2166.4195.0229.8228.7206.1257.9322.3375.3415.8
395.1
Excess ofearnings
or of
invest-ment(-)
-4 .6
1.7
-.4
-2 .3-5 .8
4.910.910.55.4
- 1 4 7-11.9-15.6
-3 .8
-23.1-24.4-14.7-15.1-11.6-20.5-21.6-17.2-10.2-19.4
-17.6-14.8-18.3-19.9-20.6-27.5-33.0-27.2-33 .3-46 .2
-41 .4-46 .7-58 .4-81 .1-79 .2-17.7-46 .0-74 .0-96.3
-103.1
-61 .6
International
Nettrans-
fers andinterestpaid toforeign-
ers®
0.4
.2
.2
.2
.2
.2
.2
.3
.82.92.64.55.6
4.03.52.62.52.32.52.52.52.42.6
2.62.83.03.23.23.33.53.73.73.8
4.35.56.57.78.58.58.79.6
13.216.2
18.0
Net exports of goods and
Exports
7.0
2.4
4.6
5.46.15.04.65.57.4
15.120.217.516.3
14.419.719.118.018.721.025.028.124.224.8
28.929.931.834.238.841.144.647.352.457.5
65.768.877.5
109.6146.2154.9170.9183.3219.8281.3
341.2
services
Less:Imports
5.9
2.0
3.4
3.64.74.86.57.27.97.38.3
10.59.8
12.215.315.916.716.218.019.820.821.023.4
23.423.325.426.628.832.338.141.048.153.3
59.064.776.795.4
132.8128.1157.1187.5220.4267.9
313.6
Equals:Netex-
ports
1.1
.4
1.2
1.81.5
.2- 1 . 9-1 .7
- .57.8
11.96.96.5
2.24.43.21.32.53.05.37.33.31.4
5.56.66.47.6
10.18.86.56.34.34.2
6.74.1
.714.213.426.813.8
- 4 . 2- . 613.4
27.5
Excessof net
transfersand
interestor ofnet
exports( - ) 7 .
- 0 . 8
- .2
- 1 . 0
- 1 . 5-1.3"
.12.12.01.3
- 4 . 9- 9 . 3- 2 . 4
- .9
1.8-.9- .61.3
-.2- .4
- 2 . 8- 4 . 8
- .91.2
- 2 . 8- 3 . 8- 3 . 4- 4 . 4- 6 . 8- 5 . 4- 3 . 0- 2 . 6
—6- • 4
- 2 . 31.45.8
- 6 . 5- 4 . 9
-18.3- 5 . 113.913.82.8
- 9 . 5
Totalincome
orreceipts
102.3
55.1
89.5
98.9124.5159.3193.9207.9208.3209.3231.5261.1257.8
285.2327.6346.2364.5364.8398.7423.8445.2449.5489.2
508.9524.7562.9595.0637.6692.3754.6799.8875.5947.9
994.21,073.51,182.61,325.61,430.51,543.71,712.91,913.62,149.72,411.7
2,625.7
Statis-tical
discrep-ancy
1.1
.7
1.4
1.1.6
-.8- 1 . 8
2.74.1
.51.5
- 1 . 6.6
1.33.21.72.32.01.3
- 2 . 1- 1 . 2
.2- 1 . 3
- 2 . 4__ j2il1.7
.1-1.2
1.4-.3
- 2 . 1- 3 . 9
- 1 . 54.13.3
.83.75.55.14.46.42.2
1.7
Grossnationalproduct
orexpend-
iture
103.4
55.8
90.9
100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3
286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9
506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0
992.71,077.61,185.91.326.41,434.21,549.21,718.01,918.02,156.12,413.9
2,627.4
1 Personal income less personal tax and nontax payments (fines, penalties, etc.).2 Interest paid by consumers to business and net personal transfer payments to foreigners.3 Government transfer payments to persons and foreigners, net interest paid by government less dividends received by Stateand local government, subsidies less current surplus of government enterprises, and disbursements less wage accruals.4 Undistributed corporate profits with inventory valuation and capital consumption adjustments, corporate and noncorporatecapital consumption allowances with capital consumption adjustment, and private wage accruals less disbursements.5 See Table B-14.
8 Net transfers to foreigners by persons and government and interest paid by government to foreigners.7 Capital grants received by the United States (net) less net foreign investment.Source: Department of Commerce, Bureau of Economic Analysis.
243Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-9.—Gross national product by sector, 1929-80
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or quarter
1929
1933 . . . .
1939
1940194119421943194419451946194719481949 .. .
19501951 ..1952 .1953 ... .1954 .1955 .. . .19561957 . . . .19581959
19601961 . .19621963196419651966 ..1967 .. . .1968. .1969 .. .
1970 .19711972....19731974 . . .1975 . .1976 . . . .1977 . . . .19781979
1980 p
1978:|IIIIIIV
1979:1IIIll .IV
1980.III .Ill
Grossnationalproduct
103.4
55.8
90.9
100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3
286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9
506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0
992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.02,156.12,413.9
2,627.4
2 032 42,129.62,190.52,271.9
2,340.62,374.62,444.12,496.3
2,571.72,564.82,637.3
Gross domestic product
Total
102.6
55.5
90.5
99.6124.5157.9191.6210.1212.0209.0231.8257.9256.9
284.8328.7345.7364.6364.5397.3418.5440.5446.6484.6
502.9520.7560.5591.8632.3685.2750.3793.7866.7937.1
985.41,068.51,175.01,310.41,414.41,531.91,697.51,894.52,126.22,370.1
2,577.3
2 004 22,103.22,161.02,236.2
2,301.02,333.72,396.02,449.7
2,520.22,516.72,586.9
Business
Total
95.4
49.1
80.6
89.4112.6139.9162.8174.2172.8183.8210.0234.9231.5
257.5294.4307.3324.9323.9354.0372.1390.8393.1428.3
442.0455.7490.6517.2551.6598.4652.6685.1745.4803.2
837.3907.1998.6
1,118.71,206.41,301.71,447.31,623.11,829.42,046.3
2,222.2
1 715 91,810.41,862.21,929.2
1,987.32,014.22,069.82,113.9
2,176,92,166.42,230.0
nofi-farm1
84.7
43.8
72.9
81.8103.1127.7149.3156.2152.7164.4188.2213.1212.2
236.3268.3283.4302.3302.3333.9355.7373.7372.2410.6
424.2435.7468.1495.0532.2577.7628.4663.3725.0782.1
813.1875.4963.4
1,068.01,155.01,247.31,396.31,571.11,765.11,974.1
2,152.4
1663 61J4&61,793.01,857.2
1,913.51,942.91,996.52,043.6
2,106.42,100.82,159.1
Farm
9.7
4.6
6.3
6.48.9
13.015.315.316.018.820.223.318.8
20.022.922.220.319.718.818.618.420.719.0
20.220.220.420.519.321.922.822.122.625.1
25.827.631.949.947.748.945.947.657.970.0
68.0
52 956459.163.3
68.070.670.471.0
67.767.567.9
statictiraliicai
discrep-ancy
1.1
.7
1.4
1.1.6
= .8- 1 . 8
2.74.1.5
1.5- 1 . 6
.6
1.33.21.72.32.01.3
- 2 . 1- 1 . 2
.2- 1 . 3
^2.4= .12.11.7.1
- 1 . 21.4
- .3-=2.1- 3 . 9
- 1 . 54.13.3.8
3.75.55.14.46.42.2
1.7
10.08.7
5.8.7
2.8-.7
2.8-1 .9
3.0
House-holdsand
insti-tutions
2.9
1.7
2.3
2.42.52.93.23.74.14.55.15.65.9
6.46.97.27.88.19.19.8
10.511.412.3
13.814.415.516.617.819.221.123.426.129.4
32.335.438.642.145.850,655.661.067.575.7
85.9
65 466*668.170.0
72.374.276.979.4
82.184.486.9
Government2
Total
4.3
4.7
7.6
7.89.4
15.125.632.235.220.816.717.419.4
20.927.431.231.932.534.236.639.142.144.0
47.150.554.358.062.967.676.585.195.2
104.5
115.8126.0137.8149.6162.2179.6194.6210.4229.2248.1
269.3
222 9226^3230.6237.1
241.4245.4249.4256.4
261.2265.9269.9
Federal
0.9
1.2
3.4
3.55.0
10.620.927.229.814.69.48.9
10.0
10,716.218.918.617.818.419.019.620.520.9
21.722.624.125.227.028.332.435.639.341.9
44.846.850.151.954.959.062.466.371.775.8
81.9
70 270̂ 971.574.4
74.674.674.979.0
79.680.580.7
Stateandlocal
3.5
3.5
4.2
4.34.44.54.74.95.46.27.38.59.4
10.111.212.313.314.715.817.619.621.623.1
25.527.930.232.935.939.344.149.555.962.6
71.179.387.797.7
107.3120.6132.3144.0157.5172.3
187.4
152 7155̂ 5159.1162.7
166.8170.8174.5177.3
181.6185.4189.3
PactKcSI
of theworld
0.8
.3
.5
.4
.5,5.5.5.4.8
1.21.61.4
1.62.12.32.22.32.83.23.53.03.3
3.63.94.64.95.55.95.65.96.76.9
7.39.2
10.916.019.817.320.523.529.943.8
50.1
28 22&329.535.7
39.640.948.146.6.
51.548.150.5
Percentchange
frompreced-
ingperiod,gross
domesticproduct3
-4 .1
7.0
10.125.026.821.49.6.9
- 1 . 410.911.3= .4
10.915.45.25.5
- .09.05.35.21.48.5
3.83.57.75.66.88.49.55.89.28.1
5.28.4
10.011.57.98.3
10.811.612.211.5
8.7
8 12U11.414.7
12.15.8
11.19.3
12.0= .611.6
1 Includes compensation of employees in government enterprises.2 Compensation of government employees.3 Changes are based on unrounded data and therefore may differ slightly from those obtained from data shown here. See Table B- l
for percent changes in gross national product.
Source: Department of Commerce, Bureau of Economic Analysis.
244Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-10.—Gross national product by sector in 1972 dollars, 1929-80
[Billions of 1972 dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or quarter
1929
1933
1939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
19601961 . . .19621963196419651966196719681969
19701971197219731974197519761977 ... .19781979
1980".
1978:
| |IIIIV
1979:
IIIIIIV
1980:
IIIII
Grossnationalproduct
315.7
222.1
319.8
344.1400.4461.7531.6569.1560.4478.3470.3489 8492.2
534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7
737 2756.6800.3832.5876.4929.3984.8
1011.41,058.11,087.6
1,085.61,122.41,185.91 255.01,248.01,233.91,300.4137171436 91,483.0
1,480.7
1,402.31432 81,446.71,465.8
1479 91,473.41,488.21,490.6
1,501.91463 31,471.9
Gross domestic product
Total
313.2
220.9
318.2
342.8398.7460.1530.3567.7559.3476.4467.8486.8489.4
531.8575.6596.9619.8612.1653.0666.5678.3676.3716.8
732 0751.0793.8825.6868.9921.4977.5
1,003.91,050.01,079.7
1,077.61,112.91,175.01,239.91,230.71,220.01,284.81354 71416 81,455.9
1,452.1
1,382.71414 91,427.01,442.6
1,454 61,447.81,458.61,462.4
1,471.51435 51,443.4
Business
Total
271.5
180.0
261.0
282.7327.6361.8385.6403.6397.9385.5393.8412.0409.8
448.7478.0492.8515.6508.5547.0557.4566.1561.7600.0
610.1625.1663.2691.6730.3777.7824.0842.0882.1907.1
904.8938.6998.6
1,061.41,049.11,034.71,097.61,165.11222 61,'258.3
1,251.6
1,189.41,221.01,232.41,247.6
1,258.81,250.81,260.01,263.6
1,271.91235 2U42.3
Non-farm1
244.7
152.5
231.3
254.6299.8335.3362.1370.1362.8358.6367.0389.0383.4
419.4447.2463.7484.3477.0516.0531.5539.5532.0574.0
584.2596.3631.5659.7701.3749.6794.1812.8855.6881.9
875.4901.7963.4
1,029.11,014.1
996.71,061.61,12891185 51,222.1
1,215.4
1,156.31,184 51,192.71,208.7
1,221 81,215.01,223.21,228.2
1,233.31,198 51,207.6
farm
23.6
24.9
25.2
24.526.228.627.727.125.625.824.025.825.6
27.025.826.427.728.429.328.928.229.327.8
29.228.928.829.628.829.828.229.529.029.5
31.132.631.931.631.833.632.133.032 934.9
35.2
33.531533.033.4
33.335.335.135.8
37.037 833.1
Statisti-cal
discrep-ancy
3.1
2.6
4.6
3.61.6
- 2 . 1- 4 . 2
6.49.41.12.9
- 2 . 8.8
2.45.02.63.63.11.8
- 3 . 0- 1 . 7
- L 9
- 3 . 3- . 22.92.3
- l ! 61.7
- 2 . 5- 4 . 4
- 1 . 74.23.3
3.24.43.93.2421.4
1.0
- . 44.96.65.6
3.7
1.7
1.6- 1 . 1
1.7
House-holdsand
insti-tutions
15.6
12.2
15.1
16.115.916.415.215.115.015.116.016.717.3
18.318.718.619.319.421.422.523.124.224.7
26.627.028.128.929.830.932.634.335.437.0
36.737.638.639.439.340.540.941.342 343.7
45.3
42.242 242.342.6
42.943.344.244.4
44.844 945.6
Government2
Total
26.2
28.8
42.1
44.055.281.9
129.4149.1146.475.958.058.162.3
64.779.085.585.084.184.686.789.190.492.2
95.398.9
102.5105.2108.8112.7120.8127.7132.4135.7
136.1136.7137.8139.1142.3144.9146.3148.41519153.9
155.2
151.0151.8152.3152.3
152.9153.7154.4154.5
154.81554155.5
Federal
5.2
6.6
16.9
18.629.656.7
105.0125.2121.849.729.829.231.3
32.746.251.649.647.245.945.645.844.544.5
45.246.248.348.248.548.753.057.258.058.2
55.252.550.148.248.548.448.548.649.349.0
49.2
49.049.349.549.2
49.149.049.048.9
49.049 449.4
Stateandlocal
21.0
22.1
25.2
25.425.625.224.523.924.626.228.229.031.0
32.032.833.935.436.938.641.043.345.947.7
50.152.754.357.060.464.067.970.574.477.4
80.984.287.790.893.896.597.899 7
102 6104.9
106.0
102.0102.5102.8103.1
103.8104.7105.3105.6
105.8105 9106.1
Rest,of theworld
2.4
1.3
1.6
1.41.71.51.31.41.11.82.53.02.7
3.03.73.93.74.04.55.15.54.64.9
5.25.76.56.97.57.97.47.58.27.9
8.09.5
10.915.117.313.915.616.920 127.2
28.6
19.617.919.723.2
25.325.629.628.1
30.427 828.5
Percent
frompreced-
ingperiod,gross
domesticproduct3
- 2 . 1
7.8
7.716.315.415.27.1
- 1 . 5-14.8- 1 . 8
4.1.5
8.78.33.73.8
-1 .26.72.11.8
2.12.65.74.05.26.06.12.74.62.8
- . 23.35.65.5
- . 7— 95!35.44.62.8
- . 3
2.29.73.44.4
3.4- 1 . 9
3.01.0
2.5- 9 . 4
2.2
1 Includes compensation of employees in government enterprises.2 Compensation of government employees.3 Changes are based on unrounded data and therefore may differ slightly from those obtained from data shown here. See Table B-2
for percent changes in gross national product in 1972 dollars.Source: Department of Commerce, Bureau of Economic Analysis.
245Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T A B L E B- l l .—Gross domestic product of nonfinanciaI corporate business, 1929-80
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1929
1933
1939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980 P.
1978:IIIIllIV
1979:|ii...;intv
1980:1IIIll
Grossdomes-
ticproduct
ofnon-
financialcorpo-ratebusi-ness
50.1
24.4
43.7
50.465.682.998.7
102.195.399.3
120.0137.3133.5
151.9174.5182.3195.0191.9216.7231.6242.3236.3266.0
277.0285.0311.3331.8358.4393.6431.5454.1500.2544.1
563.7609.9678.0759.4818.9890.0
1,001.31,129.51,270.71,417.0
1,533.9
1,196.31,260.11,289.91,336.5
1,378.71,399.51,432.11,457.7
1,502.11,496.31,537.7
Capitalconsump-
tionallow-anceswith
capitalconsump-
tionadjust-ment
5.5
4.3
4.8
4.95.46.16.26.36.57.69.3
10.911.7
12.614.615.816.817.919.121.823.824.825.8
26.827.528.429.430.832.735.638.942.647.1
52.257.362.667.979.594.9
104.8116.6129.7147.5
166.2
124.0127.3131.6135.7
140.5146.0150.7152.9
158.2163.6168.6
Net domestic product
Total
44.5
20.2
39.0
45.460.276.892.495.888.891.8
110.7126.4121.8
139.3159.9166.6178.2174.0197.6209.8218.5211.6240.2
250.2257.5283.0302.3327.6360.9395.9415.2457.6497.0
511.4552.6615,5691.6739.4795.1896.5
1,012.81,141.01,269.5
1,367.7
1,072.31,132.91,158.31,200.7
1,238.21,253.51,281.51,304.8
1,343.91,332.71,369.1
Indi-rectbusi-nesstax,
etc.1
3.4
3.8
5.1
5.56.46.87.38.18.9
10.111.212.112.6
14.115.216.818.217.419.220.822.422.825.4
28.330.133.035.638.441.142.945.851.558.0
63.470.576.783.789.797.1
105.3115.1125.2133.6
152.1
121.3125.5125.5128.6
130.9131.5134.8137.3
141.7147.7155.4
Domestic income
Total
41.2
16.3
33.9
40.053.870.085.287.779.981.699.6
114.3109.2
125.2144.7149.7160.0156.6178.4189.0196.1188.8214.8
221,9227.3249.9266.8289.3319.8353.0369.5406.1439.1
448.1482.1538.7607.9649.7697.9791.2897.8
1,015.81,135.9
1,215.7
951.01,007.31,032.91,072.1
1,107.31,122.01,146.71,167.5
1,202.31,185.01,213.6
Compen-sation
ofemploy-
ees
32.3
16.7
28.2
31.239.851.062.265.161.967.279.187.885.3
94.7110.2118.3128.7126.5138.5151.4159.1155.9171.6
181.1185.1199.8210.7226.3246.1273.5291.9322.8358.5
378.4402.0447.0506.2556.5581.1654.4738.2841.4954.0
1,036.8
797.2830.2853.4884.7
919.9939.8965.2991.1
1,017.31,018.01,034.8
Corporate profits with inventory valuation and capitalconsumption adjustments
Total
7.5
=2.1
4.2
7.412.717.721.821.617.113.819.725.622.9
29.633.430.230.028.638.335.934.930.240.1
37.438.345.651.257.767.772.268.873.367.5
52.762.172.778.663.686.1
107.3126.3137.6136.7
122.8
118.5141.1142.3148.6
146.0138.6134.8127.3
132.6112.5121.2
Profits
Prof-itsbe-foretax
8.4
.6
6.1
8.816.420.123.622.217.822.029.131.824.9
38.539.133.834.932.142.041.839.833.743.1
39.739.544.248.955.465.270.366.372.969.4
56.865.476.696.0
105.3107.3135.0153.5174.3193.4
179.5
150.6175.5178.6192.6
195.7191.4195.5191.1
207.2158.6177.9
Prof-itstaxlia-
bility
1.2
.5
1.4
2.77.5
11.213.812.610.28.6
10.811.89.3
16.921.217.818.515.620.220.119.116.220.7
19.219.520.622.824.027.229.527.733.433.1
27.029.833.640.042.041.252.659.467.369.7
61.3
56.968.169.075.3
71.268.970.568.4
74.352.060.3
Profits after tax
Total
7.3
.1
4.7
6.19.08.99.89.67.6
13.418.320.015.6
21.617.916.016.416.421.821.820.717.522.4
20.520.123.526.231.438.040.838.639.536.2
29.835.643.056.063.366.182.394.1
107.0123.7
118.2
93.7107.4109.6117.2
124.5122.5125.0122.7
132.9106.6117.6
Divi-dends
5.1
2.0
3.3
3.53.93.73.94.14.14.85.56.06.0
7.57.17.17.37.48.59.09.39.3
10.0
10.610.611.412.613.715.616.817.519.119.1
18.518.520.121.121.425.730.131.936.037.3
40.3
34.833.237.538.6
38.237.934.938.2
36.941.140.8
Undis-tributedprofits
2.2
- 1 . 9
1.4
2.65.05.25.85.63.58.6
12.814.09.6
14.110.88.89.19.0
13.412.711.48.2
12.4
9.99.5
12.213.517.722.424.021.220.417.1
11.317.122.935.041.940.452.262.270.986.3
77.9
58.974.172.178.6
86.384.590.184.5
96.065.576.8
Inven-tory
valua-tion
adjust-ment
0.5
=2.1
=.7
- .2- 2 . 5-1 .2- .8— 3— 6
= 5̂ 3- 5 . 9= 2.2
1.9
= 5.0- 1 . 2
1.0- 1 . 0- .3
- 1 . 7-=2.7= 1.5
= .3= .3
- 2'.3.0.1
— 5-\2- 2 . 1- 1 . 6- 3 . 7- 5 . 9
- 6 . 6- 4 . 6- 6 . 6
-20.0=40.0-11 .6-14.7-15.8-24 .3-42.6
-42.0
-21.6-23.2= 22.6-29.8
-35 .3-37.9-46 .5-50.8
-61.4-31 .1-41.7
consump-tion
adjust-ment
- 1 . 4
- .6
- 1 . 1
-1 .2- 1 . 3- 1 . 2- .9
2- 3 d=3.5- 4 . 0- 3 . 9
-3 . 9- 4 . 6- 4 . 5= 3.9= 3.2= 2.0= 3.2=3.4=3.2=2.7
= 2.1- 1 . 5
1.42.32.93.73.94.04.04.0
2.41.32.72.6
- 1 . 8- 9 . 7
= 13.0= 11.4-12.4= 14.1
= 14.7
-10 .5-11.2-13.6= 14.2
= 14.4-14.8-14.2= 13.0
= 13.1-14.9= 15.0
Netinter-est
1.4
1,7
1.5
1.41.31.31.11.01.0.7.8.9
1.0
.91.11.21.31.51.61.72.22.73.1
3.53.94.54.85.36.17.48.7
10.113.1
17.018.019.123.029.630.829.533.236.845.2
56.1
35.336.037.138.9
41.443.546.749.1
52.354.457.6
1 Indirect business tax and nontax liability plus business transfer payments less subsidies.Source: Department of Commerce, Bureau of Economic Analysis.
246Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-12.—Output, costs, and profits of nonfinancial corporate business, 1948-80
[Quarterly data at seasonally adjusted annual rates]
Year or quarter
19481949
1950 „19511952.19531954
1955195619571958
1959 nil ;..'i ;.19601961196219631964
19651966196719681969
19701971197219731974
1975197619771978 . . .1979 '.ZZL11980 p
1978:
ii...'.". .'...". ZZZ~"ZZ ""."ZZtilIV
1979.1IIIllIV
1980:
ii ..' .7.711"Ill
Gross domestic
nonfinancialcorporate
business (billionsof dollars)
Currentdollars
137.3133.5
151.9174 5182.3195 0191.9
216.72316242.3236.3266.0
277.0285.0311.3331.8358.4
393 6431.5454.1500 2544.1
563 7609.9678.0759.4818.9
890.0100131,129.51,270.71,417.0
1,533.9
1,196.31,260.11,289.91,336.5
1,378.71,399.51,432.11,457.7
1,502.11496 31,537.7
1972dollars
229.7219.9
247.5270.2275.2292.0283.4
315.1324.1328.3313.4347.4
358.4367.2399.7426.3455.6
495.2530.7543.0578.9604.0
599.6626.8678.0731.9708.2
694.2745.5799.0845.1873.3
866.2
821.8845.8849.8862.9
874.7870.8874.3873.4
878.2853.2860.4
Tota!costand
profit2
0.598.607
.614646.663668.677
.688715.738.754.766
.773
.776
.779
.778
.787
795.813.836864.901
940.973
10001.0381.156
1.2821.3431.4141.5041.623
1.771
1.4561.4901.5181.549
1.5761.6071.6381.669
1.71017541.787
Current-dollar cost and profit per unit of output
Capitalcon-
sumptionallow-anceswith
capitalcon-
sumptionadjust-ment
0.047.053
.051
.054
.057
.058
.063
.061
.067
.073
.079
.074
.075
.075
.071
.069
.068
.066
.067
.072
.074
.078
.087
.091
.092
.093
.112
.137
.141
.146
.153
.169
.192
.151
.150
.155
.157
.161
.168
.172
.175
.180
.192
.196
Indi-rectbusi-nesstax,
etc.3
0.053.057
.057056.061062.061
.061064.068.073.073
.079
.082
.083
.083
.084
.083
.081
.084
.089
.096
.106
.113
.113
.114
.127
.140141
.144
.148
.153
.176
.148
.148
.148
.149
.150
.151
.154
.157
.161173
.181
Compen-sation
ofemploy-
ees
0.382.388
.383408.430.441.446
.439
.467
.484
.497
.494
.505
.504
.500
.494
.497
.497
.515
.538
.558
.594
.631
.641
.659
.692
.786
.837
.878
.924
.9961.092
1.197
.970
.9821.0041.025
1.0521.0791.1041.135
1.1581.1931.203
Netinterest
0.004.004
.004
.004
.004
.004
.005
.005
.005
.007
.009
.009
.010
.011
.011
.011
.012
.012
.014
.016
.017
.022
.028
.029
.028
.031
.042
.044
.040
.042
.044
.052
.065
.043
.043
.044
.045
.047
.050
.053
.056
.060
.064
.067
(dollars)'
Corporate profits withinventory valuation and
capital consumptionadjustments
Total
0.112.104
.120124
.110103
.101
.122111
.106
.097
.116
.104
.104
.114
.120
.127
.137
.136
.127
.127
.112
.088
.099
.107
.107
.090
.124
.144
.158
.163
.157
.142
.144
.167
.168
.172
.167
.159
.154
.146
.151
.132
.141
Profitstax
liability
0.051.042
.068079.065.063.055
.064
.062
.058
.052
.060
.054
.053
.052
.053
.053
.055
.056
.051
.058
.055
.045
.047
.049
.055
.059
.059
.071
.074
.080
.080
.071
.069
.081
.081
.087
.081
.079
.081
.078
.085
.061
.070
Profitsaftertax*
0.060.062
.051045.045040.046
.057049.048.045.056
.051
.051
.062
.067
.074
082.080.076.069.057
043.052.058.053.030
.065073.084.083.077
.071
.075
.086
.086
.085
.086• .080
.074
.067
.066
.071
.071
1 Output is measured by gross domestic product of nonfinancial corporate business in 1972 dollars.2 This is equal to the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted two
places to the left.3 Indirect business tax and nontax liability plus business transfer payments less subsidies.4 With inventory valuation and capital consumption adjustments.Source!: Department of Commerce, Bureau of Economic Analysis.
247Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-13.—Personal consumption expenditures, 1929-80
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1929
1933
1939
194019411942 .194319441945 .19461947...19481949
19501951.. . .1952. . .1953 . ..195419551956195719581959 .. ..
1960 ....1961...19621963 .. .1964..1965 . .1966.196719681969 . .
19701971. .1972 ....19731974 . . . .19751976. ...197719781979
1980 p
1978:
||in"Z ZZ.IV
1 9 7 9 :
H. ' " . . . 'IllIV ...
1980:
uZZZZZZZ.HI
Personalcon-
sumptionexpendi-
tures
77.3
45.8
67.0
71.080.888.699.4
108.2119.5143.8161.7174.7178.1
192.0207.1217.1229.7235.8253,7266.0280.4289.5310.8
324.9335.0355.2374.6400.5430 4465.1490.3536.9581.8
621.7672.2737.1812.0888.1976.4
1,084.31,205.51,348.71,510.9
1,670,1
1,278.31,330.11,369 91,416.6
1,454.11,478.01,529.11,582.3
1,631.01,626.81,682.2
Durable goods1
Total
9.2
3.5
6.7
7.89.76.96.56.78.0
15.820.422.925.0
30.029.829.132.531.838.637.939.336.842.4
43.141.646.751.456.463068.070.180.585.7
85.297.2
111.1123.3121.5132.2156.8178.8199.3212.3
210.2
185.0200.1202.0210.2
212.5207.4213.3216.1
220.9194.4208.8
Motorvehicles
andparts
3.3
1.1
2.3
2.83.5.7.8.8
1.04.16.68.0
10.6
13.712.211.313.913.017.815.817.214.818.9
19.717.821.524.426.130 030.430.136.338.7
36.245.452.457.150.455.872.685.094.395.5
89.0
86.896.495.598.5
100.191.794.795.4
100.677.587.0
Furni-tureand
house-hold
equip-ment
4.7
1.9
3.4
3.84.84.63.93.84.58.4
10.611.511.3
13.714.014.014.614.616.217.116.916.617.8
17.717.918.920.322.824 727.729.532.334.1
35.237.241.747.150.653.559.165.872.981.184.1
68.272.273 977.3
78.080.182.483.8
83.681.384.6
Nondurable goods1
Total
37.7
22.3
35.1
37.042.950.858.664.371.982.790.996.694.9
98.2108.8113.9116.5118.0122.9128.9135.2139.8146.4
151.1155.3161.6167.1176.9188 6204.7212.6230.6247.8
265.7278.8300.6333.4373.4407.3441.7479.0529.8602.2
674.4
504 0520.4536.3558.3
571.8586.4611.5639.2
661.1664.0674.2
Food
19.5
11.5
19.1
20.223.428.433.236.740.647.452.354.252.5
53.960.463.464.465.467.269.973.676.479.1
81.183.285.587.892.798 9
106.6109.6118.7127.5
138.9144.2154.9172.1193.7213.6230.6250.3276.4312.1
345.0
2641271.4279.5290.4
299.1306.0314.3329.0
336.2338.4347.7
Cloth-
andshoes
9.4
4.6
7.1
7l58.8
11.013.414.616.518.218.820.119.3
19.621.221.922.122.123.124.124.324.726.1
26.727.428.729.531.933 536.638.242.145.5
46.850.655.461.464.869.675.382.191.998.9
104.7
86 391.093.496.9
95.897.0
100.3102.5
102.2102.3105.3
Gaso-lineandoil
1.8
1.5
2.2
2.32.62.11.31.41.83.44.04.85.3
5.56.16.87.47.88.69.4
10.210.611.3
12.012.012.612.913.514 716.017.018.620.7
22.423.925.428.636.640.444.048.252.768.4
89.0
49 851.053.356.8
60.663.272.177.6
89.490.985.3
Fueloil
andcoal
1.6
1.2
1.4
1.51.71.92.02.02.22.53.03.43.1
3.43.53.43.43.53.83.94.14.24.0
3.83.73.74.04.14.44.74.84.74.5
4.44.55.06.27.78.29.8
10.611.716.0
20.0
11.911.811.311.9
13.114.917.918.1
18.819.220.7
Services1
Total
30.3
20.1
25.2
26.228.231.034.337.139.645.350.455.358.2
63.068.574.080.686.192.199.2
105.9112.8121.9
130.7138.1147.0156.1167.1178 7192.4207,6225.8248.2
270.8296.2325.3355.2393.2437.0485.7547.7619.6696.3
785.5
589 3609.5631.6648.1
669.9684.2704.3727.0
749.0768.4799.2
Hous-ing2
11.7
8.1
9.4
9.710.411.211.812.312.814.216.017.919.6
21.724.327.029.832.234.336.739.342.045.0
48.151.254.758.061.465.569.574.179.887.0
93.9102.7112.5123.8137.4149.8166.5186.8213.1241.9
272.4
201.8209.2216.8224.6
231.4238.1244.9253.0
259.8267.3275.7
Householdoperation'
Total
4.0
2.8
3.8
4.04.34.85.25.96.46.87.58.18.5
9.510.411.112.012.614.015.216.217.318.5
20.121.022.223.424.826 328.030.032.235.0
37.741.045.249.655.263.371.680.889.598.7
111.7
87 287.890.892.3
96.196.499.5
102.7
104.2109.3116.1
Elec-tricityandgas
1.2
1.1
1.4
1.51.51.61.71.81.92.12.32.62.9
3.33.74.14.55.05.56.16.57.17.6
8.38.89.49.9
10.410.911.512.213.114.2
15.417.018.820.524.029.232.938.242.447.3
55.8
41.841.442.943.5
46.445.947.349.8
50.054.559.3
Transpor-tation
2.6
1.5
2.0
2.12.42.73.43.74.05.05.35.85.9
6.26.77.17.87.98.28.69.09.3
10.1
10.711.211.712.212.813.715.016.217.619.5
22.025.127.528.830.933.238.645.351.057.2
64.1
49.050.651.652.7
54.456.558.259.9
61.461.665.8
1 Total includes "other" category, not shown separately.2 Includes imputed rental value of owner-occupied housing.Source: Department of Commerce, Bureau of Economic Analysis.
248Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-14.—Gross private domestic investment, 1929-80
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
1929
1933
1939
194019411942194319441945194619471948 . . . .1949
1950195119521953195419551956195719581959
I960196119621963196419651966196719681969
1970....197119721973197419751976 . . .1977.19781979
1980 p
1978:
ItIllIV
1979:1IIHIIV
1980:|||Ill
Grossprivate
domesticinvest-ment
16.2
1.4
9.3
13.117.99.95.87.2
10630.734.045.935.3
53.859.252.153.352.768.471069.261978.1
75.974.885.490997.4
113 5125.7122.8133.3149.3
144.2166.4195.0229.8228.7206.1257 9322.3375.3415.8
395.1
350.7377 7380 4392.6
408 3423.2421.7410.0
415.6390.9377.1
Fixed investment
Total
14.5
3.0
8.8
10.913.48.16.48.1
11.724.334.441.138.4
47.048.949.052.954.362.466 367.963 472.5
72.972.579.284991.7
103.7111.6112.5125.4139.5
141.0158.8184.8211.3214.5213.02460301.3353.2398.3
399.0
325.8350.73613374.9
384 0390.1408.3410.8
413.1383.5393.2
Nonresidential
Total
10.6
2.4
5.9
7.59.46.05.06.9
10.116.923.026.324.4
27.331.331.334.534.238.544047.042 045.9
48.548.052.254.861.072.783.183.990.7
101.3
103.9107.9121.0143.3156.6157.7174.1205.5242.0279.7
295.0
222.6239.42471258.7
267.3272.9288.5290.2
297.8289.8294.0
Struc-tures
5.1
1.0
2.0
2.33.01.91.41.92.86.97.79.08.7
9.511.411.612.913.414.617 718.417 217.6
18.819.120.120522.427 030.130332.436.7
38.740.544.151.055.955.458 864.678.796.3
108.1
70.377 381385.7
87 393.299.6
105.1
108.2108.4107.3
Pro-ducers'dura-ble
equip-ment
5.5
1.4
3.9
5.26.44.13.75.07.39.9
15.317.315.7
17.819.919.721.520.823.926 328.624.928.3
29.728.932.134.438.745.853.053.758.264.6
65.267,476.992.3
100.7102.3115 3140.9163.3183.4
186.9
152.31621165 8173.0
179 9179.7189.0185.1
189.7181.4186.8
Residential
Total
3.9
.6
2.9
3.44.02.21.41.31.57.4
11.414.913.9
19.817.617.718.420.123.922 320.921426.6
24.524.527.030130.730 928.528 634.838.2
37.150.963.868.057.955.372 095.8
111.2118.6
104.0
103.21113114 2116.2
116 7117.2119 8120.6
115.293.699.2
Non-farmstruc-tures
3.6
.5
2.7
3.23.61.91.21.11.46.7
10.413.712.8
18.616.416.517.319.022.821219.720.325.3
23.323.225.828.929.429 627.127 233.336.5
35.448.961.565.654.852.468 891.9
106.9113.9
99.1
98.9107 4109 6111.6
112 5112.9114.9115.4
110.188.994.5
Farmstruc-tures
0.2
.0
.1
.2
.2
.1
.5
.9
.8
.8
.8
.8
.8
'.S.7
7.7
.6
.6j
j.6.7
.6
.7
1.31.01.11.51.81.8
1.9
1.81.42.01.9
161.62.02.3
2.21.81.7
Pro-ducers'durableequip-ment
0.1
.0
.1
.1
.1
.0
.0
.0
3
3
.4
.4
.4
.4
.4
.4
'5.6
.5
.5
.6
'7.9
1.0
1.11.31.51.71.81.9212.32.62.9
3.0
2.425262.7
272.82.93.0
3.02.93.0
Change inhtieinaec
inventories
Total
1.7
-1 .6
.4
2.24.51.8
- . 6- 1 . 0-1 .0
6.4
*4J-3 .1
6.810.33.1
.4- 1 . 5
6.0471.3
- 1 55.7
3.02.36.36.05.699
14.110 37.99.8
3.27.7
10.218.514.1
-6 .911821.022.217.5
- 3 . 9
24,927 019117.7
24 333.113.3- . 8
2.57.4
-16.0
Non-farm
1.8
- 1 . 4
.3
1.94.0
.7- . 6- . 6- 66.41.33.022
6.09.12.11.1
- 2 . 15.551.8
235.7
2.72.05.5526.289
14.3967.89.7
3.16.49.6
15.216.0
-10.513 920.221.813.4
26
24.626 718 617.2
20 829.27.8
-4 .4
1.56.1
12 3
Source: Department of Commerce, Bureau of Economic Analysis.
249Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-15.—Inventories and final sales of business, 1946-80
[Billions of dollars, except as noted; seasonally adjusted]
Year and quarter
Fourth quarter:1946194719481949
19501951195219531954
1955..1956195719581959
19601961196219631964
19651966196719681969
1 9 7 0 . . . . .. .1971 ..197219731974
19751976 . .197719781979
1978:IIIIllIV
1979:|tlIllIV
1980:
II . " " " V . .Ill
Inventories'
Total
72.082 687.278.7
98.0110.5109.2110.1107.6
114 8124.0127.6127.3132.0
136.0137.9144.6150.4156.2
170.5187.4199.4213.5234.6
244.0260.8288.7357.7434.4
439.4473.6520.9600.57101
539.9560.2578.3600.5
626.2654.5681.97101
724.5740.4765.8
Farm
22.725122.919.8
26.128.326.024.623.8
22 522.924.325.624.4
25.625.927.327.626.5
29.929.629.530.633.3
32.336.745.666.662.4
64.560.661.476.084 3
65.669.272.076.0
79.480.583.484 3
77.881.892.6
Nonfarm
Total
49.357 564.359.0
71.982.283.185.583.9
92 2101.0103.3101.7107.6
110.4112.1117.3122.7129.7
140.6157.8169.9182.9201.3
211.6224.1243.1291.2372.0
374.9413.0459.5524.5625 9
474.2491.0506.2524.5
546.7574.0598.5625 9
646.6658.5673.2
Manufac-turing
26729.332.528.9
35.243.444.446.444.3
48.854.554.853.255.7
56.657.760.962.966.4
71.581.788.795.2
104.8
108.4109.9116.8141.1189.6
189.8207.5225.6254.73112
232.1239.1246.4254.7
267.6281.9295.03112
325.0331.2335.3
Whole-sale
trade
10.110.511.711.8
13.814.614.815.015.3
16.617.918.218.320.0
20.420.921.523.124.4
26.329.932.434.337.7
41.744.949.460.276.9
77.386.998.5
114.2134 6
103.3106.3109.2114.2
118.8123.9129.4134 6
138.5142.0146.3
Retailtrade
11.413115.114.0
17.518.017.718.318.5
20 921.722.922.923.9
25.324.926.327.629.0
31.934.635.339.042.8
44.350.555.764.874.1
74.682.993.7
108.4122 6
97.3101.2104.8108.4
111.3116.3119.7122 6
122.8124.0127.3
Other
3.54.65.04.3
5.46.16.25.85.9
6.06.97.37.38.0
8.18.78.69.29.9
10.911.613.514.416.0
17.318.821.225.031.3
33.335.741.647.257 5
41.644.445.847.2
49.051.954.557 5
60.361.364.3
Finalsales2
16.018 319.619.5
21.724.626.127.227.5
29 731.432.733.735.6
36.938.841.143.746.2
51.054.157.663.367.4
70.877.285.894.5
102.0
113.6124,11392159.3176 2
140.9148.6153.6159.3
163.6165.1171.4176 2
181.2179.9187.2
Inventory—finalsales ratio
Total
4.5004.5144.4384.028
4.5254.4854.1814.053
' 3.913
3.8633.9453.8983.7733.709
3.6873.5553.5183.4383.382
3.3423.4653.4633.3713.480
3.4463.3763.3663.7874.257
3.8673.8153.7433.7704 030
3.8313.7703.7653.770
3.8283.9643.9794 030
3.9984.1154.092
Non-farm3
3.0813.1433.2743.016
3.3223.3363.1833.1483.050
31053.2163.1553.0133.025
2.9932.8892.8532.8062.809
2.7562.9182.9502.8882.986
2.9902.9012.8343.0823.646
3.3003.3273.3013.2923 551
3.3653.3043.2963.292
3.3423.4773.4923 551
3.5683.6603.597
1 End of quarter.2 Monthly rates.3 Ratio based on total final sales, which include a small amount of final sales by farms.Note.—The industry classification of inventories is on an establishment basis and is based on the 1972 Standard Industrial
Classification (SIC) beginning in 1948 and on the 1942 SIC prior to 1948.Source: Department of Commerce, Bureau of Economic Analysis.
250Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-16.—Inventories and final sales of business in 1972 dollars, 1947-80
[Billions of 1972 dollars, except as noted; seasonally adjusted]
Year and quarter
Fourth quarter:194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1978:1||IIIIV . ..
1979:IIII l ltv
1980:
IIIII
Inventories1
Total
1161S121.6117.2
127 7141.4145.7147.2145.0
152.8158.61601158 3165.3
168 8171.8179 7187.2194.3
2061222.92351244.1255.1
258 9267.0277.2294.4306.0
299.2307.0319.3333.3343.5
323 8327.8330 7333.3
337.2341.7343.7343.5
343 3343.6342.3
Farm
25726 726.2
27 529.130.430.231.1
31.530 731432 432.4
32 833.234 535.735.1
36 236.036 837.037.3
37 739.239.842.141.8
43.041.141.141.143.5
41141.141141.1
41.642.243.043.5
43 643.843.4
Nonfarm
Total
90 594.891.0
100 2112.3115.4117.1114.0
121.2127 8128 71259132.9
1361138.6145 2151.5159.2
169 9186.8198 3207.0217.8
2212227.8237.4252.3264.2
256.3265.9278.3292.2300.0
282 7286 7289 6292.2
295.5299.5300.7300.0
299 6299.8299.0
Manufac-turing
47.448.846.2
49 360.062.764.560.9
64.369.168 766.169.1
69971.775 678.282.0
87.097.2
104.1108.4112.8
112.9111.8114.4121.8130.9
127.1130.9133.9139.1145.9
135 5136.9138 2139.1
141.8143.9145.0145.9
147 3147.2145.9
Whole-saletrade
16017.217.2
19 219.720.120.320.6
22.122.822 522.524.6
25125.726 628.429.9
31635.337.838.941.2
44 045.947.950.454.1
52.255.559.563.264.2
61261.862.163.2
63.964.164.564.2
64.164.564.7
Retailtrade
18.320.319.8
23.023.023.023.623.7
26.526.827.827.528.7
30.329.831.633.034.5
37.440.040.043.045.9
46.151.254.658.858.3
55.858.863.066.866.8
64 265.266.366.8
66.868.468.166.8
64.964.765.1
Other
878.67.8
879.59.68.78.8
8.492989.8
10.5
10 711.411.412.012.8
13.814.316.316.817.9
18.219.020.521.420.9
21.120.821.923.023.1
21722.723.023.0
23.023.223.123.1
23423.423.4
Finalsales2
33.234.434.6
36.939.841.643.043.1
45.646.547.148.149.7
50.753.155.358.360.9
66.167.570.173.874.7
75.278.984.787.385.1
88.392.497.9
103.1105.4
97.6100.4101.7103.1
103.6102.7104.4105.4
106.1102,8103.9
Inventory—finalsales ratio
Total
3.5003.5353.382
3 4623.5533.5053.4233.364
3.3483.4133 3993.2923.329
3 3293.2373.2483.2123.190
3.1203.3013.3563.3073.415
3.4423.3843.2743.3733.593
3.3883.3213.2613.2333.260
3 3163.2653.2503.233
3.2543.3283.2933.260
3.2363.3413.294
Non-farm^
2.7272.7582.626
2 7162.8212.7752.7222.643
2.6572.7512.7332.6182.676
2 6832.6112.6252.6002.614
2.5712.7672.8302.8052.915
2.9402.8872.8042.8913.103
2.9012.8772.8412.8342.847
2.8952.8552.8462.834
2.8522.9172.8812.847
2.8252.9152.877
1 End of quarter.2 Monthly rates.3 Ratio based on total final sales, which include a smalt amount of final sates by farms.
Note.—The industry classification of inventories is on an establishment basis and is based on the 1972 Standard IndustrialClassification (SIC) beginning in 1948 and on the 1942 SIC prior to 1948.
Source: Department of Commerce, Bureau of Economic Analysis.
251Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-17.—Relation of gross national product and national income, 1929-80
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
1929 . . .
1933
1939
1940 ..194119421943194419451946..194719481949
19501951...195219531954195519561957 ..19581959
1960196119621963196419651966196719681969
1970 .197119721973., .197419751976197719781979 .
1980 "
1978:
IIIIIIV
1979:1IIIIIIV...,
1980:1liIll
Grossnationalproduct
103.4
55.8
90.9
100 0125.0158.5192.1210.6212.4209 8233.1259 5258.3
286.5330.8348 0366.8366 8400 0421.7444.0449.7487.9
506 5524.6565.0596.7637.7691.1756.0799 6873.4944.0
992 71,077.61,185.91,326 41,434.21,549.21,718.01,918.02,156.12,413.9
2,627.4
2 032 42il29.62,190.52,271.9
2,340.62,374.62,444.12,496.3
2,571.72,564.82,637.3
Less:Capital
consump-tion
allowanceswith
capitalconsump-
tionadjustment
9.7
7.4
8.7
9.110.011.211.511.712.214.017.320.221.8
23.527.229 331.032.734 838.741.743.544.9
46 347.549.050.652.956.060.765 972.180.0
88.196.5
106.4116.5136.0159.3175.0196.0221.2253.6
287.8
210 0217.1224.9232.7
240.1249.8259.6265.1
274.6283.7291.8
Equals:Net
nationalproduct
93.7
48.4
82.2
91.0115.0147.3180.7198.9200.2195.8215.7239.3236.5
263.0303.6318.7335.8334.1365.3383.0402.3406.2443.0
460.2477.0516.1546.1584.8635.0695.3733 7801.3864.0
904.7981.1
1,079.51 209.91,298.21,389.91,543.01,722.01,934.92,160.3
2,339.6
1822 41,912.51,965.62,039.2
2,100.52,124.82,184.62,231.2
2,297.12,281.12,345.5
PIUS:Subsidies
lesscurrentsurplus
ofgovern-mententer-prises
-0 .2
- . 0
.4
4.11
.16.7.9
- . 2- 1- . 3
.1_ . l_ 3
-3- 0
J1.1.1
41.71.81.11.71.62.5161.41.9
292.63.8341.12.41.03.13.63.1
4.7
453.71.84.4
2.43.04.02.7
3.13.76.3
Less:
Indirectbusinesstax andnontaxliability
7.1
7.1
9.4
10.111.311.812.814.215.517.118.420.121.3
23.425.327.729.729.632 235.137.538.741.8
45.448.051.654.658.862,665.370 278.986.6
94.3103.7111.5120.9129.1140.1151.7166.0178.1188.4
211.7
174.3179.6177.0181.4
184.5185.8190.0193.5
198.9206.3215.8
Busi-ness
transferpay-
ments
0.6
.7
.5
4.55.55.55
.67.8
.89
101.211121.41.51.61.8
202.02.12.42.72.83.0313.43.9
4 14.44.9555.87.47.98.28.79.4
10.5
858.68.78.9
9.19.39.69.8
10.110.310.6
Statis-tical
discrep-ancy
1.1
.7
1.4
11.6
- 8- 1 . 8
274.1
51.5
- 1 6.6
1.33.2172.32013
- 2 . 1-1 .2
.2- 1 . 3
- 2 4- . 12.11.7.1
-1 .21.4
- 3- 2 . 1-3 .9
- 1 54.13.3
83.75.55.14.46.42.2
1.7
- . 57.310.08.7
5.8.7
2.8- . 7
2.81.93.0
Equals:Nationalincome
84.8
39.9
71.4
79 7102.7135.9169.31821180.7178.6194.92199213.6
237.6274.1287 9302.1301.1330 5349.4365.2366.9400.8
415 7428.8462.0488.5524.9572.4628.1662 2722.5779.3
810.7871.5963.6
1 086.21,160.71,239.41,379.21,546.51,745.41,963.3
2,120.5
1 644.61,720.71,771.71,844.6
1,903.61,932.01,986.22,031.3
2,088.52,070.02,122.4
Source: Department of Commerce, Bureau of Economic Analysis.
252Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-18.—Relation of national income and personal income, 1929-80
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
1929
1933 .....
1939
1940194119421943194419451946194719481949
195019511952195319541955 .19561957..1958. . .1959
19601961. .1962....19631964 . ...19651966196719681969 .
19701971197219731974 . . .197519761977 . . ..1978. . .1979
1980 ".
1978
ii V " .. .IllIV . . . .
1979:1IIIJIIV
1980:1IIIF)
Nationalincome
84.8
39.9
71.4
79.7102.7135.9169.3182.1180.7178.6194.9219.9213.6
237.6274.1287.9302.1301.1330.5349.4365.2366.9400.8
415.7428.8462.0488.5524.9572.4628.1662.2722.5779.3
810.7871.5963.6
1,086.21,160.71,239.41,379.21,546.51,745.41,963.3
2,120.5
1,644.61,720.71,771.71,844.6
1,903.61,932.01,986.22,031.3
2,088.52,070.02,122.4
Less:
Corporateprofitswith
inventoryvaluation
andcapital
consump-tion
adjust-
ments
9.0
- 1 . 7
5.3
8.614.119.323.523.619.016.622.329.427.1
33.938.736.136.335.245.543.743.338.549.6
47.648.656.662.169.280.085.182.489.185.1
71.483.296.6
108.394.9
110.5138.1
-164.7185.5196.8
181.7
163.6185.2190.5202.7
201.9196.6199.5189.4
200.2169.3177.9
Netinterest
4.7
4.1
3.6
3.33.33.12.72.42.21.82.32.42.7
3.03.54.04.45.35.96.67.99.6
10.3
11.413.014.716.418.321.024.427.630.034.8
41.446.551.260.276.184.587.2
100.9115.8143.4
179.8
107.3112.3117.8125.7
133.4136.9146.8156.5
165.4175.3185.3
Contribu-tions for
socialinsurance
0.2
.3
2.1
2.32.83.54.55.26.16.15.85.45.9
7.18.59.09.1
10.111.512.914.915.218.0
21.121.924.327.328.730.038.843.447.955.0
58 664.674.292.4
104.3110.9126.0140.6161.8187.1
203.7
155.3159.9163.4168.5
182.3185.3188.5192.2
198.8199.5204.1
Wageaccruals
lessdisburse-
ments
0.0
.0
.0
.0
.0
.0
.2- .2
.0
.0
.0
.0
.0
.0
.1
.0- . 1
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0- .1- .5
.0
.0
.0
.2- . 2
.0
.0
.0
.5
.4
.1- .9- .1
.2
-.2.0.5
Plus:
Govern-ment
transferpayments
topersons
0.9
1.5
2.5
2.72.62.72.53.15.6
10.811.210.611.7
14.411.612.112.915.116.217.320.124.325.2
27.030.831.633.434.837.641,649.556.462.8
76.190.099.8
114.0135.4170.9186.4199.3214.6239.9
284.0
208.5209.7218.7221.6
226.3232.0248.3253.3
261.6270.3300.1
Personalinterestincome
6.9
5.5
5.4
5.35.35.25.15.25.96.67.68.18.7
9.710.511.212.513.714.916.718.820.322.5
25.026.429.032.235.639.744.448.353.461.1
69.474.880.993.9
112.4123.2132.5151.6173.2209.6
256.3
161.7168.5176.9185.6.
195.8202.6214.3225.7
239.9253.6261.8
Personaldividendincome
5.8
2.0
3.8
4.04.44.34.44.64.65.66.37.07.2
8.88.58.58.89.1
10.311.111.511.312.2
12.913.314.415.517.319.119.420.221.922.4
22.222.624.126.529.129.936.538.743.148.6
54.4
40.842.043.945.8
47.548.348.650.1
52.454.255.1
Businesstransfer
payments
0.6
.7
.5
.4.5.5.5.5.5.5.6.7.8
.8
.91.01.21.11.21.41.51.61.8
2.02.02.12.42.72.83.03.13.43.9
4.14.44.95.55.87.47.98.28.79.4
10.5
8.58.68.78.9
9.19.39.69.8
10.110.310.6
Equals:
Personalincome
85.0
47.0
72.4
77.995.4
122.6150.8164.5170.0177.6190.1209.0206.4
227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4
402.3417.8443.6466.2499.2540.7588.2630.0690.6754.7
811.1868.4951.4
1,065.21,168.61,265.01,391.21,538.01,721.81,943.8
2,160.5
1,637.91,692.11,747.71,809.3
1,864.61,906.31,972.32,032.0
2,088.22,114.52,182.1
Source: Department of Commerce, Bureau of Economic Analysis.
3 3 3 - 5 H O 0 - 8 1 - 1 7 : QL 3 253Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-19.—National income by type of income, 1929-80
[Billions of dollars; quarterly data at seasonally adjusted annual ratesj
Year orquarter
1929 . .
1933....
1939 . .
19401941 . . .19421943 . . .19441945 . .. .194619471948 .1949
1950 .. . .19511952... .1953. . . .19541955195619571958 .. . .1959
19601961.. .1962. . ..1963 . . . .1964 .. .1965 . . ..1966 . ..19671968 . ..1969 ..
197019711972 ... .1973 . . ..19741975 ..1976 .1977 ...19781979
1980 P.
1978:III .IllIV
1979:Ijjlit '„IV
1980:
nZZZZZZ'.III
Nationalincomel
84.8
39.9
71.4
79.7102.7135.9169.3182.1180.7178.6194.9219.9213.6
237.6274.1287.9302.1301.1330.5349.4365.2366.9400.8
415.7428.8462.0488.5524.9572.46281662.2722.5779.3
810.7871.5963.6
1,086.21,160.71,239.41,379.21,546.51,745.41,963.3
2,120.5
1,644.61,720.71,771.71,844.6
1,903.61,932.01 986.22,031.3
2,088.52,070.02,122.4
Compensationof employees
Total
51.1
29.5
48.1
52.164.885.3
109.5121.2123.1U8.1129.2141.4141.3
154.8181.0195.7209.6208.4224.9243.5256.5258.2279.6
294.9303.6325.1342.9368.0396.5439 3471.4519.9572.9
612,0652.2718.0801.3877.5931.4
1,036.31,152.31,299.71,460.9
1,596.5
1,238.11,282.31,316.51,361.7
1,409.91,439.01,476.71,518.1
1,558.01,569.01,597.4
Wagesand
salaries
50.5
29.0
46.0
49.962.182.1
105.8116.7117.5112.0123.1135.5134.7
147.0171.3185.3198.5196.8211,7228.3239.3240.5258.9
271,9279.5298.0313.4336,1362.0398 4427.0469.6515.7
548.7581.5635.2702.6765.2806.4889.9983.8
1,105.41,235.9
1,343.6
1,052.81,091.01,119.81,157.9
1,194.91,217.81,248.51,282.4
1,314.51,320.41,342.3
Supple-ments
towages
andsal-
aries2
0.6
.5
2.1
2.32.73.23.84.55.66.06.15.96.6
7.89.7
10.411.011.613.215.217.217.720.6
23.024.127.129.531.834.540 944.450.357.2
63.270.782.898.7
112.3125.0146.4168.5194.3225.0
252.9
185.4191.3196.8203.8
215.0221.2228.2235.7
243.5248.6255.0
Proprietors'
Total
15.0
5.9
11.8
13.017.524.229.130.431.836.735.940.936.4
38.743.243.441.841.242.943.945.347.747.6
47.248.649.950.552.556.960 561.264.067.0
66.269.476.993.888.790.094.1
103.5117.1131.6
130.6
110.3115.5118.2124.6
127.8129,4132 9X3S*3
133.7124.9129.7
itcome with inventory valuation and capital consumptionadjustments
Farm
Total
6.1
2.5
4.4
4.46.4
10.112.012.012.414.915.117.612.8
13716.115.113.112.511.511.211.113.210.9
11.712.112.312.010.813.114 1its12.714.6
14.315.018.732.826.524.619.118.426.130.8
23.4
22.924,926.130.6
30.932.630.229*5
25.723.322.1
Propri-etors'
inin-come3
6.3
2.6
4.5
4.56.5
10.312.212.212.715.215.718.213.5
14.416.916.013.913.312.212.112.114,111.9
12.612.913.012.811.513.814 913.513.715.7
15.616.420.434.629.028.022.822.631.036.6
30.3
27.529.731.135.8
36.338.336.235.7
32.330.229,0
Capitalconsump-
tionadjust-ment
- 0 . 2
.0
- .1
- .1- .2- .2- .2- .3- .3- .3- .5- .6-.7
-.7-.8-.8- .8- .8- .8- .9- .9- .9
- 1 . 0
- .9- .8- .8— 7- 7-.7— 8- .9
- 1 . 0- 1 . 2
- 1 . 3-1 .4- 1 . 6- 1 . 8- 2 . 5- 3 . 4- 3 . 7- 4 . 3- 4 . 9- 5 . 8
- 6 , 9
- 4 . 6- 4 . 8- 5 . 0- 5 . 2
- 5 . 4- 5 7—5.9
6 2
-6 .5- 6 . 9- 6 . 9
Nonfarm
Total
8.9
3.3
7.4
8.6* 11.1
14.117.118.419.421.820.823.323,6
25.027.228.228.628.731.432.734.234.5367
35.536.537.638.541.743.846448*51.352.5
51.954.458.161.062.265.475.085.191.0
100.7
107.2
87.490.592.194.0
96.896.8
102.7106.8
107.9101.6107.6
Propri-etors'
inin-come4
8.8
3.9
7.6
8.611714.417,118.319.323.321.823.1111
25.126.426.927.627.630.531.833.133.235.3
34.235.336.437.240.242745 341550.651.9
51754.558.162.365.867.477.187.193.8
105.2
112.6
89.793.194.997.4
100.5100.6107.3112 2
114.8105.5113.1
1 riven-tory"
valua-finniion
adjust-ment
0.1
- .5
- .2
.0- .6- .4- .2- .1- .1
- 1 . 7- 1 . 5- .4
.5
-1 .1- .3
.2- .2
.0- .2- .5- .3- .1
.0
.0
.0
.0
.0- .1- .2— .2
1.4- .5
- .5- .6- 7
=2.0=-3.7- 1 . 2- 1 . 2- 1 . 3- 2 . 2-3 .4
- 3 . 4
-1 .7=2.1- 2 . 2- 2 7
-3 .0- 3 . 1—3.5=40
- 5 . 3- 2 . 0-3 .5
Capitalconsump-
tionadjust-ment
- 0 . 1
.0
.0
.0
.0
.1
.2
.2
.2
.2
.5
.6
.9
1.01.01.11.21.21.21.41.41.41.4
1.31.21.21.41.51.313U1.11.1
.8
'.8.6.1
- .8=.9- 7- .6
- 1 . 0
- 1 . 9
_=. 7~'.8
- . 7=.8
1 7•*- l.t
1 *\—1.3
-1.6-1 .9-2 .0
See next page for continuation of table.
254Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-19-—National income by type of income, 1929-80—Continued
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
1929
1933193919401941194219431944194519461947194819491950195119521953195419551956195719581959. .1960 . ...19611962.19631964 . ..196519661967196819691970197119721973197419751976197719781979
1980"
1978:
ii;.'."."."...." *"HIIV
1979:1IIIll[V
1980:
IIIll
Rental income of personswith capital consumption
Total
4.92.22.62.73.14.04.44.54.6555.35.76.17.17.78.8
10.011.011.311.612.212.913.614.515.015.816.517.118.018.719.719 519.619 720.221.022.623 523^023.525.127.430.5
31.9
25.325.428.730.0
30.730.130.331.0
31231.532.0
Rentalincome
ofpersons
5.7
2.33.13.33.95.05.65.96.27.37.78.58.9
10.011.012.213.414.414:815.215.916.717.418.018.419.119.720.221.222.323.624.025.225827.129.032.135 336*839.244.250.858.9
65.1
46.748.352.755.3
56.757.659.761.4
62.964.565.9
Capitalcon-
sumptionadjust-ment
0 8
- .1- .6- .6- .8
-12- 1 . 4- 1 . 6- 1 . 8- 2 . 5- 2 . 8- 2 . 8- 2 . 9- 3 . 3- 3 . 4- 3 . 4- 3 . 3- 3 . 5- 3 . 6- 3 . 6- 3 . 8- 3 . 8- 3 . 5- 3 . 4- 3 . 4- 3 . 2- 3 . 2- 3 . 3- 3 . 6- 3 . 9- 4 5- 5 . 6- 6 1- 6 . 9- 8 . 0- 9 . 5
— 118— 1318- 1 5 . 6- 1 9 . 1- 2 3 . 4- 2 8 . 3
- 3 3 . 3
- 2 1 . 5-22 .9- 2 4 . 0- 2 5 . 3
-26 .0-27 .5- 2 9 . 4- 3 0 . 4
- 3 1 . 6- 3 3 . 0- 3 3 . 9
Corporate profits with inventory valuation and capital consumption
Total
9.0- 1 . 7
5.38.6
14.119.323.523.619.016622.329.427.133.938.736.136.335.245.543.743.338.549.647.648.656.662.169.280.085.182.489185.171483.296.6
108.394 9
nois138.1164.7185.5196.8
181.7
163.6185.2190.5202.7
201.9196.6199.5189.4
200.2169.3177.9
adjustments
Profits with inventory valuation adjustment andwithout capital consumption adjustment
Total
10.5- 1 . 2
6.59.8
15.420.524.524.019.319.625.933.431.137.943.340.640.238.447.546.946.641.652.349.750.055.159.766.076.080.978.184.980.868.9
94^0105.696 7
120.6151.6176.7199.0212.7
199.2
174.9197.4205.4218.3
217.8213.0215.6204.5
215.6186.9195.9
Profits
Profitsbeforetaxes
10.01.07.2
10.017.921.725.324.219.824.831.835.629.242.944.539.641.238.749.249.648.141.952.649.849.755.059.666.577.283.079.788 586.775486.6
100.6125.6136 7132.1166.3192.6223.3255.4
241.2
196.5220.6227.9248.1
253.1250.9262.0255.4
277.1217.9237.6
Profitstax
liability
1.4
.51.42.87.6
11.414.112.910.79.1
11.312.410.217.922.619.420.317.622.022.021.419.023.622.722.824.026.228.030.933.732.539.239.534 237.541.649.051.650.663.872.683.087.6
80.1
71.283.385.092.3
88.586.488.487.2
94.271.578.5
Profits after tax
Total
8.6.4
5.77.2
10.310.311.211.39.1
15.720.523.219.025.021.920.220.921.127.227.626.722.928.927.126.931.133.438.546.349.447.249 447.2
41349.058.976.685.181.5
102.5120.0140.3167.8
161.1
125.4137.2142.9155.8
164.6164.6173.6168.2
182.9146.5159.1
Divi-dends
5.82.03.84.04.44.34.44.64.65.66.37.07.28.88.58.58.89.1
10.311.111.511.312.212.913.314.415.517.319.119.420.222 022.522 522.924.427.029.930.837.439.944.650.2
56.0
42.343.545.447.3
49.049.850.251.6
53.955.756.7
Undis-tributedprofits
2.8- 1 . 6
2.03.25.86.06.76.74.5
10 214.216.211.816.213.411.812.111.916.916.615.211.616.714.313.616.617.921.227.229.927.027 324.718 826.134.549.655.250.765.180.195.7
117.6
105.1
83.193.897.4
108.4
115.5114.8123.5116.6
128.990.7
102.4
Inven-tory
valua-tion
adjust-ment
0.5- 2 . 1- .7- .2
- 2 . 5- 1 . 2- .8- .3- .6
- 5 . 3- 5 . 9- 2 . 2
1.9- 5 . 0- 1 . 2
1.0- 1 . 0- .3
- 1 . 7- 2 . 7- 1 . 5- . 3- .3—.2
Q.1
- .5- 1 . 2- 2 . 1- 1 . 6- 3 7- 5 . 9- 6 6- 4 . 6- 6 . 6
-20 .0- 4 0 . 0- 1 1 . 6- 1 4 . 7- 1 5 . 8- 2 4 . 3- 4 2 . 6
- 4 2 . 0
- 2 1 . 6- 2 3 . 2- 2 2 . 6- 2 9 . 8
- 3 5 . 3- 3 7 . 9- 4 6 . 5- 5 0 . 8
- 6 1 . 4- 3 1 . 1- 4 1 . 7
Capitalcon-sumption
adjust-ment
- 1 . 4- .6
- 1 . 1- 1 . 2- 1 . 3- 1 . 2- 1 . 0- .3—2
- 3 0- 3 . 6- 4 . 0- 3 . 9- 4 . 0- 4 . 6- 4 . 5- 3 . 9- 3 . 2- 2 . 0- 3 . 2- 3 . 4- 3 . 2- 2 . 7- 2 . 0- 1 . 4
1.52.53.14.04.24.3434.3251.32.72.7
- 1 . 8- 1 0 . 1- 1 3 . 5- 1 2 . 0-13 .5-15 .9
-17 .5
- 1 1 . 3- 1 2 . 2- 1 4 . 9- 1 5 . 6
- 1 5 . 9-16 .4-16 .1-15 .1
- 1 5 . 4- 1 7 . 6- 1 7 . 9
Netinterest
4.74.1
3.63.33.33.12.72.42.2182.32.42.73.03.54.04.45.35.96.67.99.6
10.311.413014.716.418.321.024.427.630 034.841.446.551.260.276.184.587.2
100.9115.8143.4
179.8
107.3112.3117.8125.7
133.4136.9146.8156.5
165.4175.3185.3
1 National income is the total net income earned in production. It differs from gross national product mainly in that itexcludes depreciation charges and other allowances for business and institutional consumption of durable capital goods andindirect business taxes. See Table B-17.2 Employer contributions for social insurance and to private pension, health, and welfare funds; workmen's compensation,-directors' fees; and a few other minor items.
3 With inventory valuation adjustment and without capital consumption adjustment.4 Without inventory valuation and capital consumption adjustments.Source: Department of Commerce, Bureau of Economic Analysis.
255Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-20.—Sources of personal income, 1929-80
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
1929
1933
1939
194019411942194319441945194619471948 . .1949
1950195119521953195419551956195719581959
19601961196219631964 . . . . .19651966196719681969
1970 . . ..1971 . . .1972197319741975197619771978 . . .1979. . .
1980 P
1978.
if! . . . *IIIIV
1979:
if.IllIV .
1980.
ifIII
Personalincome
85.0
47.0
72.4
77,995.4
122.6150.8164.5170.0177.6190.12090206.4
227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4
4023417,8443.6466.2499.2540.7588.2630.0690.6754.7
811.1868.4951.4
1065 2U68.61,265.01 391.21,538.01,721.81,943.8
2,160.5
1,637.91,692.11,747.71,809.3
1,864.61,906.31,972.32,032.0
2,088.22,114.52,182.1
Wage and salary disbursementsl
Total
50.5
29.0
46.0
49.962.182.1
105.6116 9117!5112.0123.1135 5134.8
147.0171.3185.4198.6196.8211.7228.3239.3240.5258.9
2719279!5298.0313.4336.1362.0398.4427.0469.6515.7
548.7580.9635.2702 77657806.4889.9983.8
1,105.21,236.1
1,343.6
1,052.81,091.01,119.31,157.6
1,194.81,218.61,248.61,282.2
1,314.71,320.41,341.8
Commodity-producingindustries
Total
21.5
9.8
17.4
19.727.539.149.050445.946.054.261157.8
64.876.382.089.685.793.1
100.6104.2100.0109.6
11311137121.8126.9135.4146.0161.0168.3183.4199.6
203.0208.3227.325432747275.0307.3343.5389.1437.9
464.9
365.6384.8395.9410.3
425.1434.3441.6450.4
461.7456.0460.1
Manufac-turing
16.1
7.8
13.6
15.621.730.940.942938.236.542.547144.6
50.359364.171.267.573.879,482.478.686.8
89 789.8967
100.6107.1115.5128.0134.1145.8157.5
158.2160.3175.4196 221l!4211.0237.4266.0299.2333.4
350.2
285.8294.5302.5314.0
326.13317335.5340.4
347.9343.2346.7
Distrib-utive
indus-tries
15.6
8.8
13.3
14.216.318.020.122.724.831.035.237 537.7
39.844,346.949750.153.457760.560.864.8
68 269.372.876.381.487.294.4
100.9110,0120.8
130.3139.4152.1168 3184!6195.6216.6239.4270.5303.0
329.1
2587266.9273.4283.0
292.8297.5306.5315.0
322.6323.2329.2
Serviceindus-tries
8.4
5.2
7.1
7.58.19.09.9
10.911.914.316.117918.5
19.821523.124.926.128.631.333.635.638.5
41444! 147.250.254.458.964771.379.6897
98.3106.7118.21313i4s!e159.7177.4198.6226.1259.2
295.9
214.8222.3229.42377
247.0252.6263.4273.7
283.6290.8298.7
Govern-mentand
govern-ment
enter-prises
5.0
5.2
8.2
8.510.216.026.633.034.920.717.519 020!8
22.629233.334.434.936.638.841.044.146.0
49 252!456.360.064.969.978.386.496.6
105.5
117.1126.5137.5148 716(19176.1188 72023219.4236.1
253.6
2137216.9220.5226.5
229.8234.2237.1243.1
246.8250.5253.9
Otherlabor
income1
0.5.4
.6
.67.9
1.11.51.82.02.4272.9
37465.25.96.17.08.09.09.4
10.6
112ILB13.014.015.717.819.921725.228.5
32.536743.048 855!S64.575 989.0
102.2118.6
136.9
97.2100.41037107.4
111.6115.9120.9126.0
130.9135.1139.1
Proprietors'income with
inventoryvaluation and
capitalconsumptionadjustments
Farm
6.1
2.5
4.4
4.46.4
10.112.012.012.414.915.117 612.8
13.716115.113.112.511.511.211.113.210.9
11712!l12.312.010.813.114.112.612714.6
14.315.018.732 826!524.619118.426.130.8
23.4
22.924.926.130.6
30.932.630.229.5
25723.322.1
Nonfarm
8.9
3.3
7.4
8.611.114.117.118.419,421.820.823 323.6
25.027 228!228.628.731.432.734.234.536.7
35 536!537.638.541.743.846.448.651.352.5
51.954.458.161062!265.475085!l91.0
100.7
107.2
87.490.592.194.0
96.896.8
102.7106.8
107.9101.6107.6
See next page for continuation of table.
256
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-20.—Sources of personal income, 1929-80—Continued
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1929
1933
1939
1940194119421943194419451946194719481949
19501951195219531954195519561957. ..19581959
1960. , ..1961.. ..1962 ..1963 . .19641965.. . .1966. ..19671968.196919701971197219731974197519761977197819791980 o ....
1978:
II.!"".". .IllIV. ..
1979:1IIIllIV
1980:1IIIll
Rentalincome
ofpersons
withcapitalcon-
sumptionadjust-ment
.4.92.2
2.6
2.73.14.04.44.5465.55.35.76.1
7.17.78.8
10.0no11.311.612.212.913.6
14.515.015.816.517.118.018.719.719.519.619.720.221.022.623.523.023.525.127.430.531.9
25.325.428.730.0
30.730.130.331.0
31.231.532.0
Personaldividendincomes
5.8
2.0
3.8
4.04.44.34.44.64.65.66.37.07.2
8.88.58.58.89.1
10.311.111.511.312.2
12.913.314.415.517.319.119.420.221.922.422.222.624.126.529.129.936.538.743.148.654.4
40.842.043.945.8
47.548.348.650.1
52.454.255.1
Personalinterestincome
6.9
5.5
5.4
5.35.35.25.15.25.96.67.68.18.7
9.710.511.212.513.714.916.718.820.322.5
25.026.429.032.235.639.744.448.353.461.169.474.880.993.9
112.4123.2132.5151.6173.2209.6256.3
161.7168.5176.9185.6
195.8202.6214.3225.7
239.9253.6261.8
Transfer payments
Total
1.5
2.1
3.0
3.13.13.13.03.66.2
11.311.711.312.5
15.212.613.114.116.217.518.721.625.927.0
28.932.833.835.837.440.444.752.659.866.780.194.4
104.7119.5141.2178.3194.3207.5223.3249.4294.5
216.9218.2227.4230.5
235.4241.3257.8263.1
271.7280.7310.7
Old-age,survivors,disabil-ity, andhealthinsur-ance
benefits
0.0
.0
.1
.1
.2
.2
.3
.4
.5
.6
.7
1.01.92.23.03.64.95.77.38.5
10.2
11.112.614.315.216.018.120.825.530.232.938.544.549.660.470.181.492.9
104.9116.2131.8153.9
111.4112.3119.7121.5
1216126.5137.8139.3
142.0144.7163.2
Govern-mentunem-
ploymentinsur-ance
benefits
0.4
.5
.4
.4
.1
.1
.41.1.8.9
1.9
1.5.9
1.11.02.21.51.51.94.12.8
3.04.33.13.02.72.31.92.22.12.24.05.85.74.46.8
17.615.812.79.79.8
16.0
10.99.79.58.8
9.29.49.8
10.6
11.416.019.0
Veteransbenefits
0.6
.6
.5
.5
.5
.5
.51.03.07.07.05.95.3
7.74.64.34.14.24.44.44.54.74.6
4.65.04.74.84.74.94.95.65.96.77.78.89.7
10.411.814.514.413.813.914.415.0
14.013.713.714.1
14.414.214.414.6
14.814.614.9
Govern-ment
employ-ee
retire-ment
benefits
0.12
.3
.3
.3
.3
.4
.4
.5
7.7.9
1.01.11.21.41.51.71.92.22.52.8
3.13.43.7A.24.75.26.16.97.68.7
10.211.813.816.019.022.726.129.032.737.042.8
31.232.232.934.3
35.036.437.339.2
40.242.343.1
Aid tofamilies
withdepend-
entchildren(AFOC)
Other
0.8
1.4
.1.7
1.71.81.81.82.02.02.1
.3
.4
.5
.6
.6
.5
.5
.6
.6
.6
.7
.8
.9
1.01.11.31.41.51.71.92.32.83.54.86.26.97.27.99.2
10.110.610.711.012.4
10.710.710.710.7
10.710.811.111.5
11.712.012.8
2.52.93.3
3.53.63.84.14.14.34.54.95.35.8
6.26.46.77.37.88.39.2
10.211.112.515.017.419.021.125.632.835.136.540.145.454.4
38.739.640.941.1
42.544.147.347.8
51.651.057.7
Less:Persona*contribu-tions for
socialinsurance
0.12
.6
.7
.81.21.82.2232.02.12.22.2
2.93.43.84.0465.25.86.76.97.9
9.39.7
10.311.812.613.317.§20.622.926.227.930.734.542.647.950.455.561.169.680.687.9
67.169.070.472.1
79.080.081.282.4
86.285.988.1
Nonfarmpersonalincome2
159.9171.9188.2190.4
210.2235.4253.1271.3273.9295.5318.0336.6344.4369.8
386.7401.6427.1449.7483.7522.6568.9611.9672.1733.9790.0846.5925.3
1,023.71,131.81,229.11,359.31,505.01,679.21,892.92,112.8
1,599.61,651.11,705.01,761.1
1,814.81,853.91,921.51,981.2
2,039.62,067.32,135.3
1 The total of wage and salary disbursements and other labor income differs from compensation of employees in Table B-19 in thatexcludes employer contributions for social insurance and the excess of wage accruals over wage disbursements.2 Personal income exclusive of farm proprietors'-income, farm wages, farm other labor income, and agricultural net interest.Note.—The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is
ised on the 1972 Standard Industrial Classification (SIC) beginning 1948 and on the 1942 SIC prior to 1948.Source: Department of Commerce, Bureau of Economic Analysis.
257Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-21.—Disposition of personal income, 1929-80
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year orquarter
1929
1933
1939
1940 ..1941.1942 ..19431944.1945.1946194719481949
19501951 .1952 .1953195419551956 . .195719581959
19601961 .1962 .1963 .19641965.. . .1966196719681969.
1970.1971 .19721973 . . . .1974 .1975...1976 .19771978.1979
1 9 8 0 " .
1978:1....II...III.IV. . . .
1979:
I L . .III.IV... .
1980:
ILIII.. . .
Personalincome
85.0
47.0
72.4
77.995.4
122.6150.8164,5170.0177.6190.1209.0206.4
227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4
402.3417.8443.6466.2499.2540.7588.2630.0690.6754.7
811.1868.4951.4
1,065.21,168.61,265.01,391.21,538.01,721.81,943.8
2,160.5
1,637.91,692.11,747.71,809.3
1,864.61,906.31,972.32,032.0
2,088.22,114.52,182.1
Less:Personaltax andnontax
payments
2.6
1.4
2.4
2.63.35.9
17.818.920.818.721.421.018.5
20.628.934.035.532.535.439.742.442.146.0
50.4.52.156.860.358.664.974.582.197.2
115.7
115.8116.7141.0150.7170.2168.9196.8226.5258.8302.0
338.7
239.9251.4265.7278.3
284.4293.5308.4321.8
323.1330.3341,5
Equals:Ola sar
personalIncome
82.4
45.6
70.0
75.392.2
116.6133.0145.6149.1158.9168.7188.0187.9
206.6226.0237.7252.2257.1275.0292.9308.6319.0338.4
352.0365.8386.8405.9440.6475.8513.7547.9593.4638.9
695.3751.8810.3914.5998.3
1,096.11,194.41,311.51,462.91,641.7
1,821.7
1,398.01,440.71,482.11,531.0
1,580.21,612.81,663.81,710.1
1,765.11,784.11,840.6
Total
79.1
46.5
67.8
72.081.889.4
100.1109.0120.4145.2163.5176.9180.4
194.7210,0220.4233.7240.1258.5271.6286.4295.4317.3
332.3342.7363.5384.0411.0442.1477.7503.6551.5598.3
639.5691.1757.7835.5913.2
1,001.81,111.91,237.51,386.61,555.5
1,717.6
1,313.41,367.11,408.71,457.1
1,496.31,521.91,574.51,629.4
1,678.71,674.11,729.2
Less: Personal outlays
Personalcon-
sumptionexpendi-tures
77.3
45.8
67.0
71.080.888.699.4
108.2119.5143.8161.7174.7178.1
192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8
324.9335.0355.2374.6400.5430.4465.1490,3536.9581,8
621.7672.2737.1812.0888.1976.4
1,084.31,205.51,348.71,510.9
1,670.1
1,278.31,330.11,369.91,416.6
1,454.11,478,01,529.11,582.3
1,631.01,626.81,682.2
Interestpaid byconsum-ers tobusi-
ness
1.5
.5
.7
.8
.9
.7
.5
.5
.5
.71.01.41.7
2.32.52.93.63.84.45.15.55.66,1
7.07.37.88.89.9
11.112.012.513.815.6
16.717.719.522.324.124.426.731.137.143.7
46.4
34.436.238.039.7
41.443.144,545.8
46.746.346.0
Per-sonal
transferpay-
mentsto
for-eigners(net)
0,3
.2
.2
.2
.2
.1
.2
.4
.5
.7
.7
.7
.5
.4
.4
.4
.5
.5
.4
.5
.5
.4
.4
.4
.4
.5
.6
.6
.7
.7
.9
.8
.9
1.11,11.11.31.0
.9
.9
.9
.81.0
1.1
.7
.8
.7
.9
.8
.8
.91.3
1.01.01.0
Equals:Personalsaving
3.3
- 0 . 9
2.2
3.410.327.232.936.628.713.75.2
11.17.5
11.916.117.418.517.016.421.322.323.621.1
19.723.023.321.929.633.736,044.341.940.6
55.860.752.679.085.194.382.574.176.386.2
104.2
84.673.673.473.8
83.890.989.380.7
86.4110.0111.4
Percent of disposablepersonal income
Personal outlays
Total
• 96.0
102.0
96.9
95.588.876.775.374.880.891.496.994.196.0
94.292.992.792.793.494.092.792.892.693.8
94.493.794.094.693,392.993.091.992.993.6
92.091.993.591.491.591.493.194.494.894.8
94.3
94.094.995.095.2
94.794.494.695.3
95.193.893.9
Consump-tion
expend-itures
93.8
100.5
95.6
94.287.676.074.774.380.190.595.993.094.8
92.991.691.391.191.792.390.890.990.791.8
92.391.691.892.390.990.590.589.590.591.1
89.489.491.088.889.089.190.891.992.292.0
91.7
91.492.392.492.5
92.091.691.992.5
92.491.291,4
Personalsaving
4,0
- 2 . 0
3.1
4.511.223.324.725.219.28.63.15.94.0
5.87.17.37.36.66.07.37.27.46.2
5.66.36.05.46.77,17.08.17.16.4
8.08.16.58.68.58.66.95.65.25.3
5.7
6.15.15.04.8
5.35.65.44.7
4.96.261
Source: Department of Commerce, Bureau of Economic Analysis.
258Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-22.—Total and per capita disposable personal income and personal consumption expenditures in
current and 1972 dollars, 1929-80
[Quarterly data at seasonally adjusted annual rates, except as noted]
Year or quarter
1929
1933
1939 .
19401941 . . . .1942194319441945 . . .1946 ..194719481949 . . . .
1950 . . . . .1951 .1952 . ..1953 . . . .195419551956 . . . . .195719581959 . ..
1960 . ...1961196219631964 . .196519661967 _ .19681969
1970 . . .1971 .. . . . . . .1972 .. . . .1973 . . .19741975 . . . .197619771978 .1979
1980"
1978:IIIHIIV . .
1979:iII .. . . . . .IllIV
1980:
II111
Disposable persona! income
Total (billions ofdollars)
Currentdollars
82.4
45.6
70.0
75.392.2
116.6133.0145.6149.1158.9168.7188.0187.9
206.6226.0237.7252.2257.1275.0292.9308.6319.0338.4
352.0365.8386.8405.9440.6475.8513.7547.9593.4638.9
695.3751.8810.3914.5998.3
1,096.11 194 41,311.51,462.91,641.7
1,821.8
1,398.01,440.71,482.11,531.0
1,580.21,612.81,663.81,710.1
1,765 1178411,840.6
1972dollars
229.5
169.6
229.8
244.0277.9317.5332.1343.6338.1332.7319.0336.0336.9
362.93727383.2399.1403.3426.9446.3455.6460.7479.7
489.7•503.8524.9542.3580.8616.3646.8673.5701.3722.5
751.6779.2810.3865.3858.4875.8907.4939.8981.5
1,011.5
1,017.7
966.8975.5985.9998.0
1,005.71,006.91,015.71,017.7
1,021.01,008.21,018.5
Per capita(dollars)
Currentdollars
676
363
534
570691865973
1,0521,0661,1241,1701,2821,259
1,3621,4651,5151,5811,5831,6641,7411,8021,8321,903
1,9471,9912,0732,1442,2962,4482,6132,7572,9563,152
3,3933,6303,8804,3464,7105,1325,5506,0466,6887,441
8,176
6,4116,5946,7686,975
7,1867,3207,5337,722
7,9538 0208,249
1972dollars
1,883
1,349
1,754
1,8472,0832,3542,4292,4832,4162,3532,2142,2912,258
2,3932,4152,4412,5012,4842,5832,6532,6602,6452,697
2,7092,7422,8132,865
.3,0263,1713,2903,3893,4933,564
3,6683,7633,8804,1124,0504,1014,2164,3324,4874,584
4,567
4,4344,4654,5024,547
4,5744,5704,5984,596
4,6004,5324t565
Personal consumption expenditures
Total (billions ofdollars)
Currentdollars
77.3
45.8
67.0
71.080.888.699.4
108.2119.5143.8161.7174.7178.1
192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8
324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8
621.7672.2737.1812.0888.1976.4
1,084.31,205.51,348.71,510.9
1,670.1
1,278.31,330.11,369.91,416.6
1,454.11,478.01,529.11,582.3
1,631.01,626.81,682.2
1972dollars
215.1
170.5
219.8
229.9243.6241.1248.2255.2270.9301.0305.8312.2319.3
337.3341.6350.1363.4370.0394.1405.4413.8418.0440.4
452.0461.4482.0500.5528.0557.5585.7602.7634.4657.9
672.1696.8737.1768.5763.6780.2823.7863.9904.8930.9
933.0
884.1900.6911.2923.4
925.5922.8933.4941.6
943.4919.3930.8
Per capita(dollars)
Currentdollars
634
364
511
537605657111781854
1,0171,1221,1921,194
1,2661,3421,3831,4391,4521,5351,5811,6371,6621,747
1,7971,8231,9041,9792,0872,2142,3662,4672,6742,870
3,0343,2463,5293,8584,1904,5725,0385,5576,1666,848
7,496
5,8626,0886,2566,454
6,6136,7086,9237,145
7,34973137,539
1972dollars
1,765
1,356
1,678
1,7401,8261,7881,8151,8441,9362,1292,1222,1292,140
2,2242,2142,2302,2772,2782,3842,4102,4162,4002,476
2,5012,5112,5832,6442,7512,8682,9793,0323,1603,245
3,2803,3653,5293,6523,6033,6533,8283,9824,1364,219
4,188
4,0544,1224,1614,207
4,2094,1884,2264,252
4,2514[l334,172
Popula-tion
/thnn^inou-sands) »
121,875
125,690
131,028
132,122133,402134,860136,739138,397139,928141,389144,126146,631149,188
151,684154,287156,954159,565162,391165,275168,221171,274174,141177,888
180,760183,742186,590189,300191,927194,347196,599198,752200,745202,736
204,918207,084208,873210,440211,945213,566215,203216,928218,749220,643
222,804
218,052218,483218,983219,478
219,896220,335220,884221,455
221,938222,447223,126
1 Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1959. Annual data are (orJuly 1 through 1958 and are averages of quarterly data beginning 1959. Quarterly data are average for the period. Data from 1980census not yet available.
Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).
259
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-23.—Gross saving and investment, 1929-80
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1929
1933
1939
19401941194219431944194519461947.. . .19481949. . .
195019511952 ."..19531954195519561957 119581959
1960....1961 .19621963196419651966196719681969
197019711972197319741975.19761977197819.79 -,
1980 "
1978:|IIIII....IV
1979:I||IIIIV
1980:
iiHI
Gross saving
Total
15.9
.9
8.8
13.518.610.75.42.45.2
35.141.749.835.6
50.756.951.049.850.967.575.975.262.678.3
81.178.786.793.6
104.0120.2127.3125.7136.0153.6
148.9161.6186.6235.5227.8218.9257.9304.0355.2411.9
403.9
326.9354.0359.4380 4
407.4416.2422.3402.0
404.5394.5402.0
Gross private saving
Total
14 9
2.2
n.o14.222.442.049.654.344.729.627.341.439 0i
42.750.854.856.758.164.470.774.375.379.9
78.083.090.592.9
106.3119.7128.6139.9142.0143.6
158.6180.3189.2227.7234.5282.7294.4322.4355.4398.9
437.6
344.7349.1358.33696
388.2401.2409.8396.4
413.0435.9446.5
Personalsaving
3.3
-.9
2.2
3.410.327.232.936.628.713.75.2
11.175
11.916.117.418.517.016.421.322.323.621.1
19.723.023.321.929.633.736.044.341.940.6
55.860.752.679.085.194.382.574.176.386.2
104.2
84.673.673.473 8
83.890.989.380.7
86.4110.0111.4
Grossbusinesssaving'
11.6
3.1
8.8
10.812.114.816.717.616.015.922.130.231.5
30.734.837.438.241.147.949.452.051.758.7
58.360.067.271.076.786.092.795.6
100.0103.0
102.8119.7136.61487149.4188.4211.9248.3279.1312.7
333.4
260.1275.5284.9295 8
304.4310.3320.5315.7
326.7325.8335.1
Government surplus ordeficit ( - ) , nationalincome and product
accounts
Total
1.0
- 1 . 4
- 2 . 2
- . 7- 3 . 8
-31.4-44.1-51 .8-39 .5
5.414.48.4
- 3 . 4
8.06.1
- 3 . 8- 6 . 9- 7 . 1
3.15.2
.9-12.6- 1 . 6
3.1- 4 . 3- 3 . 8
.7- 2 . 3
- 1 . 3-14.2
609.9
-10.6-19.4- 3 . 3
7.8- 4 . 7
-63.836 5
-18 .3- . 211.9
-34.8
17 74.91.1
108
18.113.9M.3
4.4
- 9 . 6-42.5-45.6
Federal
12
- 1 . 3
- 2 . 2
- 1 . 3- 5 . 1
-33 .1-46.6-54.5-42 .1
3.513.48.3
- 2 . 6
9.26.5
- 3 . 7-7 .1- 6 . 0
4.46.12.3
-10 .3- 1 . 1
3.0- 3 . 9-4 .2
.3- 3 . 3
- L 8-13.2- 6 . 0
8.4
-12.4-22.0-16 .8
- 5 . 6-11 .5-69 .3-53 .1-46.4-29.2-14 .8
-62.3
-48.8-27.4-22.8
17 9
-11 .5- 8 . 1
-15.2-24.5
-36.3-66.5-74.2
Stateandlocal
- 0 2
- .1
0
.613182.5272.6].9]0
.1_ 7
-1.2— 4~'o
.1- 1 . 1- 1 . 3- . 9
- 1 . 4- 2 . 4- 4
.1- . 4
.5
.510
- . 0
- 1 . 1.1
1.5
1.92.6
13.513.46.85.5
16.628.129.026.7
27.6
31.132.323.928 7
29.521.926.528.9
26.623.928.6
Capitalgrants
receivedby theUnitedStates{net) ^
• " • • • •
•
0.9
7,0
-2.0.0.0.0.0
1.1
1.1
.0
.0
.0
o1.11.11.11.1
1.11.11.1
Gross investment
Total
17 0
1.6
10.3
14.719.29.83.75.29.3
35.643.248.336.2
52.060.152.752.152.968.873.874.062.877.0
78.778.688.895,3
104.2119.0128.7125.4133.9149.7
147.4165.7189.9236.3231.5224.4263.0308.4361.6414.1
405.7
326.4361.3369.4-3OQ 1
413.2416.9425.1401.3
407.3392.5405.0
Grossprivate
domesticinvest-ment
16.2
1.4
9.3
13.117.99.95.87.2
10.630.734.045.935.3
53.859.252.153.352.768.471.069.261.978.1
75.974.885.490.997.4
113.5125.7122.8133.3149.3
144.2166.4195.0229.8228.7206.1257.9322.3375.3415.8
395.1
350.7377.7380.4
408.3423.2421.7410.0
415.6390.9377.1
Netforeigninvest-ment3
0.8
.2
1.0
1.51.3
- . 1- 2 . 1- 2 . 0- 1 . 3
4.99.32.4
.9
- 1 . 8.9.6
- 1 . 3.2.4
2.84.8
.9- 1 . 2
2.83.83.44.46.85.43.02.6
.6
.4
3.2
~l!l6.52.9
18.35.1
-13.9-13 .8
- 1 . 7
10.6
-24.2-16.4-10.9
o c
4.9- 6 . 3
3.4= 8.7
- 8 . 31.7
27.8
Statis-tical
discrep-ancy
11
.7
1.4
1.1.6
- . 8- 1 . 8
2.74.1
L5- 1 . 6
6
1.33.21.72.32.01.3
- 2 . 1- 1 . 2
- 1 3
- 2 . 4- . 12.11.7
-U1.4
- . 3- 2 . 1- 3 . 9
- 1 . 54.13.3
.83.75.55.14,46.42.2
1.7
- . 57.3
10.0o 7
5.8.7
2.8
2.8- 1 . 9
3.0
1 Undistributed corporate profits with inventory valuation and capital consumption adjustments, corporate and noncorporate capitalconsumption allowances with capital consumption adjustment, and private wage accruals less disbursements.2 Allocations of special drawing rights (SDRs), except as noted in footnote 4.
3 Net exports of goods and services less net transfers to foreigners and interest paid by government to foreigners plus capital grantsreceived by the United States, net.
4 In February 1974, the U.S. Government paid to India $2,010 million in rupees under provisions of the Agricultural TradeDevelopment and Assistance Act. This transaction is being treated as capital grants paid to foreigners, i.e., a =$2.0 billion entry incapital grants received by the United States, net.
Source: Department of Commerce, Bureau of Economic Analysis.
260Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-24.—Saving by individuals, 1946-801
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1946.194719481949
19501951195219531954
1955 .. .1956195719581959.
196019611962 .1 9 6 3 . . . .1964
1965. . . .1966196719681969
19701971197219731974
19751976197719781979
1978:
IL'.".". ."IllIV
1979:
ii .' .71IIIIV
1980:|||. 'Ill
Total
24.420.224.521.3
30.934.730.731.627.7
33.436.735.833.435.6
35.634.140.345.255.7
63.872.177.682.273.7
86.198.7
116.3138.4128.9
150.0164.6172.8198.2198.8
176.6196.7205.4214.2
184.4213.3204.2193.2
221.6220.1215.1
Total
18.813.29.19.9
13.719.123.222.822.2
28.030.228.631.637.4
32.535.940.647.356.1
59.058.470.476.264.5
78.8103.0128.8148.5142.4
167.2208.1241.7275.3291.6
243.4286.4288.6282.9
273.6305.3313.3271.1
311.9232.8314.8
Cur-rencyand
demanddepos-
its
5.6
- 2 . 9- 2 . 0
2.64.61.61.02.2
1.21.8
- .43.8.8
1.0- .9
- 1 . 24.25.2
7.52.49.9
11.1- 2 . 5
8.912.213.914.17.1
4.014.922.718.314.2
26.717.214.714.7
- 8 . 323.731.39.8
- 4 . 5- 3 . 927.7
Sav-ingsac-
counts
6.33.42,22.6
2.44.77.88.19.1
8.69.4
11.913.911.1
12.118.326.126.326.1
27.819,035.331.19.1
43.667.874.563.855.9
84.0109.3109.2105.281.0
91.2113.7117.198.8
85.967.8
103.566.7
82.7106.1122.8
Increase in financial assets
Moneymar-ket
fundshares
2.4
1.3- .0
.26.9
34.4
6.95.45.89.6
28.831.633.144.1
61.362.55.1
Securitie
Govern-ment
securi-ties2
- 1 . 51.61.31.8
-.1- .62.52.51.0
5.83.92.3
- 2 . 5• 1 0 . 1
2.41.81.81.25.1
3.911.7- .75.7
25.3
- 7 . 2-10 .1
1.924.127.7
23.012.118.330.350.3
35.332.526.527.1
66.560.722.551.3
84.3-39 .6
38.1
Corpo-rateequi-t ies 3
1.11.11.0.7
.71.81.61.0.8
1.02.01,51.5.6
- .5.3
- 2 . 0- 2 . 6- .1
- 2 . 1- .6
- 4 . 2- 6 . 4- 3 . 6
- 1 . 5- 5 . 1- 5 . 6- 6 . 7- 2 . 2
- 3 . 5- 3 . 2- 6 . 1- 6 . 2
-11 .9
- 8 . 8
-~5.'l-10 .2
- 7 . 5-10 .6-14.3-15 .0
-17 .47.8
- 9 . 2
s
Othersecuri-ties4
-0 .9- .8
.0- .4
-.7.3.0.3
- .9
.81.21.01.1
- .4
2.4.1.1
1.4.4
1.32.44.86.8
10.7
5.75.03.3
11.26.8
3.92.76.3
13.216.0
2.813.86.6
36.8
16.016.726.04.7
- 6 . 1-17 .5
6.0
Insur-anceand
pensionre-
serves5
5.35.45.35.6
6.96.37.77.97.8
8.59.59.5
10.411.9
11.512.112.713.916.1
16.919.218.619.821.5
23.927.429.433.036.2
43.552.665.377.974.7
71.073.290.776.4
63.181.176.777.8
76.891.789.9
Miscel-laneousfinancialassets6
2.82.42.21.6
1.91.92.02.12.1
2.12.52.83.53.3
3.64.33.22.93.2
3.74.46.78.14.0
5.45.8
11.49.18.5
11.019.725.829.732.9
25.431.332.429.8
29.134.334.431.6
34.725.834.5
Net investment in
Non-farm
homes
3.66.79.18.4
11.811.711.312.312.7
16.715.613.212.115.9
14.312.012.813.413.9
13.412.610.914.314.2
11.718.826.028.223.1
20.833.148.159.255.6
56.658.359.862.0
59.356.954.352.0
45.735.222.9
Con-sumerdura-bles
6.18.89.8
10.9
14.911.38.49.46.9
11.98.77.63.46.9
6.74.18.2
11.815.1
20.222.820.926.326.2
20.226.235.141.128.6
26.640.650.957.552.6
48.159.558.863.4
60.150.850.848.5
47.818.627.3
Non-cor-
poratebusi-nessas-
sets7
2.12.07.12.0
7.04.42.0.8
1.5
2.4.5
2.12.33.4
3.13.36.38.57.7
11.29.48.59.4
11.4
9.813.517.720.32.8
- .2- 1 . 0
5.96.9
10.5
5.35.26.7
10.4
8.59.7
10.313.7
7.5- 5 . 3- 2 . 6
Less: Net increase in
Mort-gagedebton
non-farm
homes
3.64.74.64.4
6.76.66.27.68.7
12.211.28.99.5
12.8
11.712.214.116.217.5
17.013.812.517.118.5
14.126.441.547.135.4
38.161.393.2
103.8110.2
95.3102.8104.1113.2
112.3110.8108.5109.3
104.456.577.2
debt
Con-sumercredit
3.13.73.23.2
4.81.65.34.21.5
7.23.92.9
.58.0
4.42.56.38.99.8
10.66.55.7
11.510.8
5.414.719.826.09.9
9.725.640.650.644.2
43.456.948.853.3
51.445.246.931.1
25.9-44.2
6.1
Otherdebt *«
- 0 . 52.22.82.2
5.03.62,81.95.5
6.43.23.86.07.2
4.86.57.2
10.69.8
12.610.815.015.313.3
14.821.729.926.522.7
16.729.240.046.257.2
38.153.055.738.0
53.353.469.051.8
61.048.964.1
1 Saving by households, personal trust funds, nonprofit institutions, farms, and other noncorporate business.2 Consists of U.S. savings bonds, other U.S. Treasury securities, U.S. Government agency securities and sponsored agency securities,and State and local obligations.
3 Includes investment company shares.4 Corporate and foreign bonds and open market paper.6 Private life insurance reserves, private insured and noninsured pension reserves, and government insurance and pension reserves.6 Noncorporate business proprietors' equity, etc.7 Includes data for corporate farms.8 Other debt consists of security credit, policy loans, noncorporate business mortgage debt, and other debt.Source: Board of Governors of the Federal Reserve System.
261Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-25.—Money income (in 1979 dollars) and poverty status of families and unrelated individuals byrace of householder, 1952-79
Year
FAMILIES1
195219531954 ..'. . . ' . . .19551956. " .19571958195919601961 . . . .1962 ..1963 . . .1964196519661967196819691970 .1 9 7 1 .1972 . .197319741974* . . .19751976 .. .197719781979«>
UNRELATEDINDIVIDUALS*
1 9 5 2 . . . .1953195419551956 .. . .19571958195919601961...1962196319641965 . . .196619671968 . . . .1969197019711972197319741974*197519761977 . . .1978 . .. .1979
Total
Total
number(mil-lions)
40.841.242.042 943.543.744.245.1
3 45.5346.43 47.13 47.5348.03 48.53 49.2350.13 50.8351.6352 2
53.354.455.155.755.756.256.757.257.858.4
9.79.59.79.99.8
10.410.910.9
311.1311.2311.03 1 1 . 23 12 .13 1 2 . 2312.5313.2313.9314.6315 5
16.316.818.318.918.920.221.523.124.625.6
Martianwieuianincome
$10,6381151311,2541197612,76612,80712,77013,49013,77413.91514,29214,81515,37216,00516,84617.24618,01018,67718,44418,43319,28719,68418,89318,99018,50219,07319,17619,62619,684
$3,8533,7893,3003.5703,8093,8503,7303,8774,2164,2564,2064,2674,6414,9535,1225,1725,8135,8035 8645̂ 9436,1096,7526.5346,7756,5846,8547,0757,4607,578
Percent withincomes—
Belowpoverty
level
T&518.118.117.215.915.013.911.811.410.0
• 9.710.110.09.38.89.28.89.79.49.39.19.1
Belowpoverty
level
46.145.245.945.444.242.739.838.338.134.034.032 93li629.025,625.524.125.124.922.622.121.8
$25,000andover
5.5717.3809.79.3
10.112.213.414.515.517.018.620.122.624.427.429.328 728332.533.629.432.330.431.933.134.034.7
$15,000andover
3.63.83.74,34.55.86.66.77.28.79.7
10.411.212.212.113.415.915.316 216ll17.118.617.117.816.917.818.920.220.5
White
Totalnumber(mil-lions)
38.239 039.539.740.240.941.141,942.442.743.143.544.144.845.446.046.547.648.548.949.549.449.950.150.550.951.4
"BJ8.58.58.99.29.39.69.69.59.7
10.410.510.711.312.012.513 4R214.515.816.316.317.518.619.921.322.1
Medianincome
$11,25011,93711,71512 50513,35913,32813,30514,05314,30114,51214,96615,52416,04916,68117,50217,90118,64619,3921913419,12720,03820,57219,65919,73519,24219,81120,05120,43620,524
4,1543,9983,5513,7953,9104,1213,9974,1444,5594,5744,5024,4744,8865,1655,3865,3706,1596,0946 1376>106,3806,9746,8247,0206,8777,1487,3447,8227,855
Percent withincomes—
Betowpoverty
level
15 214.914.813.912.812.211.19.39.08.07.7807.97.16.67.06.87.77.17.06.96.8
Belowpoverty
level
"44"l43.043.242.742.040.738.136.136.532.232.130 829̂ 627.123.723.221.822.722.720.419.819.6
$25,000andover
6.27.57.98.8
10.510.010.913.114.315.716.818.419.821.624.225.929.031.030.430.534.435.731.234.132.234.035.136.036.7
$15,000andover
3.84.54.24.95.06.87.37.57.89.5
10.711.612.213.413.314.517.016.717 4V.317.919.618.118.918.019.019.921.021.4
Black
Totalnumber(mil-lions)
i'3.82392 4.024.02 4.0M.2M.3M.5M.62 4.82 4.82 4.82 5.0
4.64.64.8495.25.35.45.55.55.65.85.85.96.0
nJ2 1 . 42 1 . 32 1 . 52 1 . 62 1 . 62 1 . 52 1 . 62 1.52 1 . 52 1 . 62 1 . 721.6
1.61.71.81 71./1.92.02.22.32.42.42.62.92.93.1
MoHianmedianincome
2 6,3942 6 6932 6,5252 6 8962 7,02927,1262 6,8162 7.25927,9172 7,7422 7,9862 8,2152 8,9822 9,186
210,49210,59811,18311,8781173711,54211,90911,87311,49311,78411,84011,78411,45512,10411,648
2 2 8742 3,1432 2,3582 2,5352 2 9032 2,61822,7112 2,6772 2,6182 2,8078 3,0042 3,0702 3,34923J662 3,386
3,8264,0984,170O QC7j,yo/4,0334,4575,1534,5034,7354,4334,8065,3134,9085,444
Percent withincomes—
Belowpoverty
level
... „„...
2 49.02 49.02 48.02 43.72 40.02 39.7
35.533.929.427.929 528.829.028.127.826.927.127.928.227.527.6
Belowpoverty
level
57!6"2 59.3262.7262.12 58.32 55.02 50.7
54.449.346.346.7to.o46.042.937.941.039.342.139.837.038.636.9
$25,000andover
2 0.92 1 12 1 . 2
2.92 1 . 52 1 . 52 2.42 2.424.425.O2 4.324.82 6.42 6.728 2
9.211.312.113112.715714.612.514.813.714.915.217.217.0
$15,000andover
210*.32.5M2 1 12.9
81.52 2.42 2.42 3.02 3.4*3.325.12 5.224.6
5.67.36.27 9/,&7.5
10112^410.011.110.210.812.513.414.6
'The term family refers to a group of two or more persons related by blood, marriage, or adoption and residing together; all suchpersons are considered members of the same family.
2 Data for "black" include "other" races.3 Revised using population controls based on the 1970 census. Such controls are not available by race.4 Based on revised methodology; comparable with succeeding years.9 Based on householder concept. Restricted to primary families.•The term "unrelated individuals" refers to persons 15 years old and over as of March 1980 and 14 years old and over for previous
years (other than inmates of institutions) who are not living with any relatives... Note.—The poverty level is based on the poverty index adopted by a Federal interagency committee in 1969. That index reflects
different consumption requirements for families based on size and composition, sex and age of family householder, and farm-nonfarm
^ ^ Z & W ^ ^ T ^ T ^ J S K t changes in the co"sumer price index-For lurther det8lls seeSource: Department of Commerce, Bureau of the Census.
262Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-26.—Population by age groups, 1929-80
[Thousands of persons]
July 1 TotalAge (years)
Under 5 5-15 16-19 20-24 25-44 45-64 65 andover
1929
1933.
1939
1940 .194]..19421943...1944..
19451946194719481949
1950. .1951195?.1953 .1954 .
1955...1956...1957..19531959
1960 .1961...1962.19631964
19651966196719681969
1970.19711972..1973..1974
1975 .1976..19771978,.1979
1980
121,767
125,579
130,830
132,122133,402134,860136,739138,397
139,928141,389144,126146,631149,188
152,271154,878157,553160,184163,026
165,931168,903171,984174,882177,830
180,671183,691186,538189,242191,889
194,303196,560198,712200,706202,677
204,878207,053208,846210,410211,901
213,559215,152216,880218,717220,584
222,807
11,734
10,612
10,418
10,57910,85011,30112,01612,524
12,97913,24414,40614,91915,60.7
16,41017,33317,31217,63818,057
18,56619,00319,49419,88720,175
20,34120,52220,46920,34220,165
19,82419,20818,56317,91317,376
17,14817,17716,99016,69416,288
15,87915,34515,24815,37815,649
26,800
26,897
25,179
24,81124,51624,23124,09323,949
23,90724,10324,46825,20925,852
26,72127,27928,89430,22731,480
32,68233,99435,27236,44537,368
38,49439,76541,20541,62642,297
42,93843,70244,24444,62244,840
44,77444,44143,94843,22742,538
41,95641,45940,57539,62338,643
t1)
9,127
9,302
9,822
9,8959,8409,7309,6079,561
9,3619,1199,0978 9528,788
8,5428,4468,4148,4608,637
8,7448,9169,1959,543
10,215
10,68311,02511,18012,00712,736
13,51614,31114,20014,45214,800
15,27515,63515,94616,31016,590
16,79316,92816,96616,93516,838
t1)
10,694
11,152
11,519
11,69011,80711,95512,06412,062
12,03612,00411,81411,79411,700
11,68011,55211,35011,06210,832
10,71410,61610,60310,75610,969
11,13411,48311,95912,71413,269
13,74614,05015,24815,786-16,480
17,184
18,03218,34518,741
19,22919,63020,07720,46120,726
(M
35,862
37,319
39,354
39,86840,38340,86141,42042,016
42,52143,02743,65744,28844,916
45,67246,10346,49546,78647,001
47,19447,37947,44047,33747,192
47,14047,08447,01346,99446,958
46,91247,00147,19447,72148,064
48,43548,81150,25451,41152,593
53,73555,12956,70658,38060,161
t1)
21,076
22,933
25,823
26,24926,71827,19627,67128,138
28,63029,06429,49829,93130,405
30,84931,36231,88432,39432,942
33,50634,05734,59135,10935,663
36,20336,72237,25537,78238,338
38,91639,53440,19340,84641,437
41,97542,41342,78543,07743,319
43,54643,70743,79543,87643,910
6,474
7,363
8,764
9,0319,2889,5849,86710,147
10,49410,82811,18511,53811,921
12,39712,80313,20313,61714,07614,52514,93815,38815,80616,248
16,67517,08917,45717,77818,127
18,45118,75519,07119,36519,680
20,08720,48820,89221,34621,833
22,42022,95423,51324,06424,658
1 Not available.Note.—Includes Armed Forces overseas beginning 1940. Includes Alaska and Hawaii beginning 1950. Data from 1980 census
not yet available.Source: Department of Commerce, Bureau of the Census.
263
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-27.—Noninstitutional population and the labor force, 1929-80
[Monthly data seasonally adjusted, except as noted]
Year or monthNoninsti-tutionalpopula-tion1
ArmedForces1
Civilian labor force
TotalEmployment
Total Agri-culiural
Nonagri-cultural
Unem-ployment
Unemploy-ment rate(percent
of civilianlabor
force)
Civilian labor forceparticipation rate8
Total Males Females
1929
1933 . . . .
1939 . .
1940 .194119421943 .1944
1 9 4 5 . . . .1946.1947 ..
1947.19481949
1950 ..195119521953 31954.
1955 ..1956..1957 ..19581959...
1960 *1961 .1962^1963 .1964
19651966 .19671968...1969 .
19701971..19723.19733..1974 ...
1975..1976 .1977. .1978».1979.
1980
Thousands of persons 14 years of age and over Percent
100,380101,520102,610103,660104,630
105,530106,520107,608
260
250
370
5401,6203,9709,02011,410
11,4403,4501,590
49,180
51,590
55,230
55,64055,91056,41055,54054,630
53,86057,52060,168
47,630
38,760
45,750
47,52050,35053,75054,47053,960
52,82055,25057,812
10,450
10,090
9,610
9,5409,1009,2509,0808,950
8,5808,3208,256
37,180
28,670
36,140
37,98041,25044,50045,39045,010
44,24046,93049,557
Thousands of persons 16 years of age and over
103,418104,527105,611
106,645107,721108,823110,601111,671
112,732113,811115,065116,363117,881
119,759121,343122,981125,154127,224
129,236131,180133,319135,562137,841
140,182142,596145,775148,263150,827
153,449156,048158,559161,058163,620
166,246
1,5911,4591,617
1,6503,1003,5923,5453,350
3,0492,8572,8002,6362,552
2,5142,5722,8282>382,739
2,7233,1233,4463,5353,506
3,1882,8162,4492,3262,229
2,1802,14421332,1172,088
2,102
59,35060,62161,286
62,20862,01762,13863,01563,643
65,02366,55266,92967,63968,369
69,62870,45970,61471,83373,091
74,45575,77077,34778,73780,734
82,71584,11386,54288,71491,01192,61394,77397,401100,420102,908
104,719
57,03858,34357,651
58,91859,96160,25061,17960,109
62,17063,79964,07163,03664,630
65,77865,74666,70267,76269,305
71,08872,89574,37275,92077,902
78,62779,12081,70284,40985,935
84,78387,48590,54694,37396,945
97,270
7,8907,6297,658
7,1606,7266,5006,2606,205
6,4506,2835,9475,5865,565
5,4585,2004,9444,6874,523
4,3613,9793,8443,8173,606
3,4623,3873,4723,4523,492
3,3803,2973,2443,3423,297
3,310
49,14850,71449,993
51,75853,23553,74954,91953,904
55,72257,51458,12357,45059,065
60,31860,54661,75963,07664,782
66,72668,91570,52772,10374,296
75,16575,73278,23080,95782,443
81,40384,18887,30291,03193,648
93,960
1,550
12,830
9,480
8,1205,5602,6601,070
670
1,0402,2702,356
3,637
3,2882,0551,8831,834
' 3,532
2,8522,7502,8594,6023,740
3,8524,7143,9114,0703,786
3,3662,8752,9752,8172,832
4,9934,8404,3045,076
7,8307,2886,8556,0475,963
7,448
3.2
24.9
17.2
14.69.94.71.91.2
1.93.93.9
3.93.85,9
5.33.33.02.95.5
4.44.14.36.85.5
5.56.75.55.75.2
4.53.83.83,63.5
4.95.95.64.95.6
8.57.77.06.05.8
55.756.057.258.758.6
57.255.856.8
58.358.858.9
59,259.359.058.958.8
59.360.059.659.559.3
59.459.358.858.758.7
58.959.259.659,660.1
60.460.260.460.861.2
61.261.662.363.263.7
7.1 63.8
83784.385.686.487.0
84.882.684.0
86.486.686.4
86.486.586.386.085.5
85.385.584.884.283.7
83.382.982.081.481.0
80.780.480.480.179.8
79.779.179.078.878.7
77.977.577.777.977.9
77.4
28,228.731.336.036.5
35.931.231.0
31.832.733.1
33.934.634.734.434.6
35.736,936.937.137.1
37.738.137.938.338.7
39.340.341.141.642.7
43.343.343.944.745.6
46.347.348.450.051.0
51.6
See next page for continuation of table.
264Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-27.—Noninstitutional population and the labor force, 1929-80—Continued
[Monthly data seasonally adjusted, except as noted]
Year or month
Noninsti-tutionalpopula-tion1
ArmedForcesl
Civilian labor force
Total
Employment
Total ctilfuriralNonagri-cultural
Unem-ployment
Unemploy-ment rate(percent
of civilianlabor
force)
Civilian labor forceparticipation rate2
Total Males Females
Thousands of persons 16 years of age and over
1978:3
JanFebMar
fc .:.-JuneJulyAugSeptOctNovDec
1979.Jan..Feb....Mar..Apr...fayJune.
July...Aug..Sept.OctNovDec
1980:Jan.. .Feb .Mar
fr.June..July .Aug..Sept...OctNov....Dec...
159,937160,128160,313160,504160,713160,928
161,148161,348161,570161,829162,033162,250
162,448162,633162,909163,008163,260163,469
163,685163,891164,106164,468164,682164,898
165,101165,298165,506165,693165,886166,105
166,391166,578166,789167,005167,201167,396
2,1212,1242,1222,1182,1132,098
2,1162,1222,1232,1222,1172,108
2,0942,0942,0902,0822,0782,076
2,0822,0902,0922,0932,0922,089
2,0812,0862,0902,0922,0882,092
2,0992,1142,1212,1212,1192,124
99,10199,03199,33699,823
100,201100,507
100,603100,719100,937101,171101,576101,831
102,014102,393102,578102,213102,366102,556
103,015103,105103,492103,566103,605104,053
104,208104,271104,171104,427105,060104,591
105,020104,945104,980105,167105,285105,067
92,75292,86393,13393,78094,17794,680
94,49494,83794,99195,37495,65395,715
96,05696,40096,62296,29596,59096,838
97,27797,04897,52197,43497,50197,781
97,70897,81797,62897,22597,11696,780
96,99997,00397,18097,20697,33997,282
3,4003,2763,3053,3053,2823,436
3,3923,3603,3563,3653,2363,346
3,2753,3123,3043,2343,2263,276
3,2823,3423,3323,2813,3783,323
3,2873,3293,3373,2623,3523,232
3,2673,2103,3993,3193,3403,394
89,35289,58789,82890,47590,89591,244
91,10291,47791,63592,00992,41792,369
92,78193,08893,31893,06193,36493,562
93,99593,70694,18994,15394,12394,458
94,42194,48894,29193,96393,76493,548
93,73293,79393,78193,88793,99993,888
6,3496,1686,2036,0436,0245,827
6,1095,8825,9465,7975,9236,116
5,9585,9935,9565,9185,7765,718
5,7386,0575,9716,1326,1046,272
6,5006,4546,5437,2027,9447,811
8,0217,9427,8007,9617,9467,785
Percent
6.46.26.26.16.05.8
6.15.85.95.75.86.0
5.85.95.85.85.65.6
5.65.95.85.95.96.0
6.26.26.36.97.67.5
7.67.67.47.67.57.4
62.862.762.863.063.263.3
63.363.363.363.363.563.6
63.663.863.863.563.563.5
63.763.763.963.863.763.9
63.963.963.763.864.163.8
63.963.863.863.863.863.6
77.977.777.877.877.977.9
77.877.877.777.878.078.1
78.278.278.077.977.877.7
77.977.778.077.777.577.7
77.677.777.577.578.077.4
77.577.377.477.477.377.0
49.249.249.449.749.950.1
50.250.250.450.450.550.6
50.550.851.050.650.750.8
51.051.251.251.351.351.5
51.651.551.351.551.751.5
51.751.751.551.651.651.5
1 Not seasonally adjusted.2 Civilian labor force as percent of civilian noninstitutionaf population.3 Not strictly comparable with earlier data due to population adjustments as follows: Beginning 1953, introduction of 1950 census
data added about 600,000 to population and about 350,000 to labor force, total employment, and agricultural employment. Beginning1960, inclusion of Alaska and Hawaii added about 500,000 to population, about 300,000 to labor force, and about 240,000 tononagricultural employment. Beginning 1962, introduction of 1960 census data reduced population by about 50,000 and labor force andemployment by about 200,000. Beginning 1972, introduction of 1970 census data added about 800,000 to civilian noninstitutionalpopulation and about 333,000 to labor force and employment. A subsequent adjustment based on 1970 census in March 1973 added60,000 to labor force and to employment. Beginning 1978, changes in sampling and estimation procedures introduced into thehousehold survey added about 250,000 to labor force and to employment. Unemployment levels and rates were not significantlyaffected.
Note.—Labor force data in Tables B-27 through B-33 are based on household interviews and relate to the calendar week includingthe 12th of the month. For definitions of terms, area samples used, historic comparability of the data, comparability with other series,etc., see "Employment and Earnings."
Source: Department of Labor, Bureau of Labor Statistics.
265Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-28.—Civilian employment and unemployment by sex and age, 1947-80
[Thousands of persons 16 years of age and over; monthly data seasonally adjusted]
Year ormonth
194719481949
1950195119521953»1954
19551956195719581959
I9601
19611962 *19631984
19651966196719681969
197019711972 *1973*1974
1975197619771978>1979
1980
1979:JanFebMarAprMay.
JulyAugSeptOctNovDec
1980:JanFebMar
June
JulyAugSeptOctNovDec
Total
57,03858,34357,651
58,91859,96160,25061,17960,109
62,17063,79964,07163,03664,630
65,77865,74666,70267,76269,305
71,08872,89574,37275,92077,902
78,62779,12081,70284,40985,935
84,78387,48590,54694,37396,945
97,270
96,05696,40096,62296,29596,59096,838
97,27797,04897,52197,43497,50197,781
97,70897,81797,62897,22597,11696,780
96,99997,00397,18097,20697,33997,282
[mployment
Males
Total
40,99541,72540,925
41,57841,78041,68242,43041,619
42,62143,37943,35742,42343,466
43,90443,65644,17744,65745,474
46,34046,91947,47948,11448,818
48,96049,24550,63051,96352,518
51,23052,39153,86155,49156,499
55,988
56,29356,39656,37956,32256,42656,586
56,66756,47356,78056,59456,50556,617
56,45856,63156,48956,05455,91455,597
55,67855,58955,75455,88155,89755,920
16-19years
2,2182,3452,124
2,1862,1562,1062,1351,985
2,0952,1642,U72,0122,198
2,3602,3142,3622,4062,587
2,9183,2523,1863,2553,430
3,4073,4703,7504,0174,074
3,8033,9044,1244,2794,236
4,016
4,2924,2644,2674,2374,2244,299
4,2604,1234,2604,1794,2054,253
4,1954,1954,2594,1194,0433,973
3,9643,7983,9313,9183,8903,875
20yearsandover
38,77639,38238,803
39,39439,62639,57840,29639,634
40,52641,21641,23940,41141,267
41,54341,34241,81542,25142,886
43,42243,66844,29344,85945,388
45,55345,77546,88047,94648,445
47,42748,48649,73751,21252,264
51,972
52,00152,13252,11252,08552,20252,287
52,40752,35052,52052,41552,30052,364
52,26352,43652,23051,93551,87151,624
51,71451,79151,82351,96352,00752,045
Females
Total
16,04516,61716,723
17,34018,18118,56818,74918,490
19,55120,41920,71420,61321,164
21,87422,09022,52523,10523,831
24,74825,97626,89327,80729,084
29,66729,87531,07232,44633,417
33,55335,09536,68538,88240,446
41,283
39,76340,00440,24339,97340,16440,252
40,61040,57540,74140,84040,99641,164
41,25041,18641,13941,17141,20241,183
41,32141,41441,42641,32541,44241,362
16-19years
1,6911,6831,588
1,5171,6111,6121,5841,490
1,5481,6541,6631,5701,640
1,7691,7931,8331,8491,929
2,1182,4692,4972,5252,686
2,7342,7252,9723,2193,329
3,2433,3653,4863,7023,748
3,587
3,7943,8313,8413,7623,7273,731
3,7423,6213,6933,7153,7623,743
3,7123,6263,5893,5743,6023,570
3,5933,5243,6223,5713,5333,542
20yearsandover
14,35414,93715,137
15,82416,57016,95817,16417,000
18,00218,76719,05219,04319,524
20,10520,29620,69321,25721,903
22,63023,51024,39725,28126,397
26,93327,14928,10029,22830,088
30,31031,73033,19935,18036,698
37,696
35,96936,17336,40236,21136,43736,521
36,86836,95437,04837,12537,23437,421
37,53837,56037,55037,59737,60037,613
37,72837,89037,80437,75437,90937,820
Unemployment
Total
2,3112,2763,637
3,2882,0551,8831,8343,532
2,8522,7502,8594,6023,740
3,8524,7143,9114,0703,786
3,3662,8752,9752,8172,832
4,0884,9934,8404,3045,076
7f8307,2886,8556,0475,963
7,448
5,9585,9935,9565,9185,7765,718
5,7386,0575,9716,1326,1046,272
6,5006,4546,5437,2027,9447,811
8,0217,9427,8007,9617,9467,785
Males
Total
1,6921,5592,572
2,2391,2211,1851,2022,344
1,8541,7111,8413,0982,420
2,4862,9972,4232,4722,205
1,9141,5511,5081,4191,403
2,2352,7762,6352,2402,668
4,3853,9683,5883,0513,018
4,157
3,0363,0243,0092,9802,8882,801
2,9323,0233,0563,1013,1693,241
3,4483,3783,5003,9944,5434,496
4,5934,5584,5664,4984,4914,334
16-19years
270255352
318191205184310
274269299416398
425479407500487
479432448427441
599691707647749
957928861799795
896
835836821815805704
755788824768784806
819797764802974938
963946914966959909
20yearsandover
1,4221,3052,219
1,9221,029980
1,0192,035
1,5801,4421,5412,6812,022
2,0602,5182,0161,9711,718
1,4351,1201,060993963
1,6362,0861,9281,594f918
3,4283,0412>272,2522,223
3,261
2,2012,1882,1882,1652,0832,097
2,1772,2352^322,3332,3852,435
2,6292,5812,7363,1923,5693,558
3,6303,6123,65235323,5323,425
Females
Total
619717
1,065
1,049834698632
1,188
9981,0391,0181,5041,320
1,3661,7171,4881,5981,581
1,4521,3241,4681,3971,429
1,8532,2172,2052,0642,408
3,4453,3203,2672,9962,945
3,291
2,9222,9692,9472,9382,8882,917
2,8063,0342,9153,0312,9353,031
3,0523,0763,0433,2083,4013,315
3,4283,3843,2343,4633,4553,451
16-19years
144152223
195145140123191
176209197262256
286349313383386
395404391412412
506567595579660
795773781760733
744
717718701760741740
684731735791721755
738765748707808746
773751721731735701
20yearsandover
475564841
854689559510997
823832821
1,2421,063
1,0801,3681,1751,2161,195
1,056921
1,078985
1,016
1,3471,6501,6101,4851,748
2,6492,5462,4862,2362,213
2,547
2,2052,2512,2462,1782,1472,177
2,1222,3032,1802,2402,2142,276
2.3142,3112,2952,5012,5932,569
2,6552,6332,5132J322,7202,750
1 See footnote 3, Table B-27.Note.-See Note, Table B-27.Source: Department of Labor, Bureau of Labor Statistics.
266Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-29.—Selected employment and unemployment data, 1948-80
[Percent;1 monthly data seasonally adjusted]
Year or month
1948 .1949
19501951 .;..'... .;19521953195419551956195719581959
19601961 ....'..'. . '.19621963196419651966196719681969 .. "
1970197119721973197419751976197719781979
1980
1979:JanFebMar
May.. .'.June
JulyAugSept . . .OctNovDec
1980:JanFebMarAprMayinrte
til
OctNovDec
Allworkers
3.85.9
5.33.33.0295.5444.1436.855
5.56.7555.7524.53.83.83.63.5
4.95.95.6495.68.5777.06.05.8
7.1
5.85.95.85.85.656
5.6595.85.95.96.0
6.2626.36.9767.5
7.67.67.47.67.57.4
Unemployment
By sex and age
Bothsexes16-19years
9.213.4
12.28.28.576
12.6110.11.111615.914.6
14.716.814 717.216214 812.812.912.712.2
15.216.916.214 516.019.919 017.716.316.1
17.7
16.116.115.816.516315 2
15.216.416.416.515.916.3
16.516 616.216.418 918.3
18.718.817.818.518 617.8
Males20 yearsand over
3.25.4
4.72.52.42.54.93.83.43.66.24.7
4.75.74.64.5393.22.52.32.22.1
3.54.44.0323.86.75.95.24.24.1
5.9
4.14.04.04.03.839
4.04.14.14.34.44.4
4.84.75.05.86.46.4
6.66.56.66.46.46.2
Females20 yearsand over
3.65.3
5.14.03.22.95.54.44.24.16.15.2
5.16.3545.45.24.53.84.23.83.7
4.85.75.4485.58.07.47.06.05.7
6.3
5.85.95.85.75.656
v 5.45.95.65.75.65.7
5.85.85.86.26.56.4
6.66.56.26.76.76.8
rate1
By selected groups
Experi-enced
wage andsalary
workers
4.36.8
6.03.73.33.26.24.84.44.67.25.7
5.76.8565.55.04.33.53.63.43.3
4.85.75.3455.38.27.36.65.65.4
6.8
5.45.45.45.35.352
5.35.65.55.65.65.6
5.95.96.06.67.47.3
7.47.47.27.37.27.1
Marriedmen3
3.5
4.61.51.41.74.02.82.62.85.13.6
3.74.6363.42.82.41.91.81.61.5
2.63.22.8232.75.14.23.62.82.7
4.2
3.73.73.63.63.435
3.53.73.63.73.73.8
4.14.14.24.75.25.1
5.35.35.15.15.04.9
Womenwho
tainfamilies
-4-g-
4.44.4
5.47.37.2707.0
10.010 09.38.58.3
9.1
7.98.38.28.0859.0
8.18.08.08.48.58.5
9.08.58.69.08.38.5
8.89.09.0
10.29.9
10.4
Full-timeworkers3 <
575.02.62.5
5.23.83.74 07.2
6.7
5.54.94.23.53.43.13.1
4.55.55.14 35.18.1736.55.55.3
6.8
5.35.45.35.35.15.0
5.15.35.35.45.45.5
5.85.85.96.57.37.2
7.47.37.37.37.47.3
Blue-collar
workers4
4.28.0
123.93.634.7.2585.162
10.27.6
7.89.2747.36.35.34.24.44.13.9
6.27.46.5536.7
11.79.48.16.96.9
10.0
6.66.76.76.96.66.4
6.77.17.07.27.67.5
8.17.98.29.6
10.911.1
11.311.110.810.810.710.5
Employment aspercent of
population5
Total
55.854.6
55.255.755.455.353.855.156.155.754.254.8
54.954.254.254.154.555.055.655.856.056.5
56.155.556.056 957.055.356.157.158.659.3
58.5
59.159.359.359.1
•59.?59.?
59.459.259.459,?59.259.3
59.259.259.058.758.558.3
58.358.258.358.258?58.1
White
54.054.354.855.455.755.956.5
56.255.756.457 357.555.956.857.959.360.0
59.5
59.960.160.059.959,960.0
60.260.060.260,160.060.2
60.160.159.959,659.559.2
59.259.159.259.259.259.1
Blackand
other
55.2561
57.2
56.656.7
55.553.753.053 953.050.050 651.153,353.6
51.9
53.453.453.953.553.453.fi
54,053.654.053 753 453.3
53,15? 852.3
ftffl51.7
51.951.851,651.451551.3
1 Unemployment as percent of civilian labor force in group specified.2 Married men living with their wives. Data for 1949 and 1951-54 are for April; 1950, for March.3 Data for 1949-61 are for May.4 Includes craft and kindred workers, operatives, and nonfarm laborers. Data for 1948-57 are based on data for January, April, July,
and October.8 Civilian employment as percent of total noninstitutional population.Note.—See footnote 3 and Note, Table B-27.Source.- Department of Labor, Bureau of Labor Statistics.
267Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-30..—Civilian labor force participation rate by demographic characteristic, 1954-80
[Percent1, monthly data seasonally adjusted]
Year or month
1954
19551956...195719581959
I960;1961196219631964
19651966196719681969
19701971197219731974
19751976....197719781979
1980
1979:Jan....Feb..Mar.. ..
ft: • •June . . .
July.. . .Aug...Sept.OctNov..,Dec...
1980:Jan...,Feb...Mar..,
May ..June.
July...AUg...Sept....Oct....Nov... .Dec... .
Allwork-ers
58.8
59.360.059.659.559.3
59.459.358.858.758.7
58.959.259.659.660.1
60.460.260.460.861.2
61.261.662.363.263.7
63.8
63.663.863.863.563.563.5
63.763.763.963.863.763.9
63.963.963.763.864.163.8
63.963.863.863.863.863.6
White
Total
58.2
58.759.459.158.958.7
58.858.858.358.258.2
58.458.759.259.359.9
60.260.160.460.961.4
61.561.962.663.464.0
64.2
63.964.064.063.863.863.8
64.064.064.264.164.064.3
64.364.364.164.364.564.2
64.264.164.164.264.163.9
Males
Total
85.6
85.485.684.884.383.8
83.483.082.181.581.1
80.880.680.780.480.2
80.079.679.679.579.4
78.778.478.578.678.6
78.3
79.079.078.878.678.578.6
78.778.578,778.478.478.5
78.578.678.578.578.978.3
78.378.278.278.278.177.9
16-19years
57,6
58.660.459.256.555.9
55.954.553.853.152.7
54.155.956.355.956.8
57.557.960.162.063.0
61.962.464.165.164.8
63.8
66.165.265.364.864.464.3
64.363.465.563.964.966.1
65.165.065.664.164.863.5
63.662.762.563.663.162.4
20yearsandover
87.8
87.587.686.986.686.3
86.085.784.984.484.2
83.983.683.583,283.0
82.882.382.081.681.4
80.780.380.380.280.2
79.9
80.580.580.380.280.180.2
80.380.280.280.180.080.0
80.080.179.980.180.580.0
80.079.979.979.879.879.6
Females
Total
33,3
34.535.735.735.836.0
36.536.936.737.237.5
38.139.240.140.741.8
42.642.643.244.145.2
45.946.948.149.550.6
51.3
50.250.450.550.250.450.4
50.650.850.951.050.951.2
51.351.251.151.351.451.3
51.451.351.351.351.451.2
16-19years
40.6
40.743.142.240.139.6
40.340.639.838.737.8
39.242.642.543.044.6
45.645.548.250.151.8
51.652.954.756.957.6
56.4
57.858.358.557.857.357.4
57.256.357.357.857.957.9
57.556.656.155.957.156.1
56.955.656.856.556.356.0
20yearsandover
327
34.035.135.235.535.6
36.236.636.537.037.5
38.038.839.840.441.5
42.242.342.743.544.4
45.346.247.448.749.9
50.8
49.449.649.749.449.649.7
50.050.250.250.350.250.5
50.750.750.650.850.850.8
50.850.950.750.850.950.7
Black and other
Total
64.3
64.264.964.464.864.3
64.564.163.263.063.1
62.963.062.862,262.1
61.860.960.060.360.0
59.359.460.061.861.8
61.2
61.561.962.261.961.561.8
61.861.761.962.061.461.6
61.661.260.761.061.561.1
61.761.461.561.461.361.0
Males
Total
85.2
85.085.184.384.083.4
83.082.280.880.280.0
79.679.078.577.676.9
76.574.973.773.873.3
71.570.771.072.171.9
70.8
71.972.372.571.971.972.1
72.072.272.571.970.971.1
71.270.870.370.670.870.8
71.470.871.670.970.970.3
16-19years
61.2
60.861.558.857.355.5
57.655.853.551.549,9
51.351.451.149.749.6
47.344.746.046.347.2
42.742.143.445.443.9
43.3
44.946.546.845.145.043.5
41.845.243.142.541.341.0
43.242.041.741.744.043.5
44.639.745.744.845.344.0
20yearsandover
87.1
87.887.887.087.186.7
86.285.584.283.984.1
83.783.382.982.281.4
81.479.978.578,477.7
76.475.675.676.576.4
75.1
76.276.476.676.276.276.6
76.976.577.276.675.675.8
75.675.374.875.075.075.0
75.675.775.675.074.974.4
Females
Total
46.1
46.147.347.248.047.7
48.248.348.048.148.5
48.649.349.549.349.8
49.549.248.749.149.1
49.250.250.953.353.5
53.4
53.053.453.853.753.053.5
53.453.153.154.053.753.9
53.853.352.853.153.953.2
53.853.853.253.653.554.8
16-19years
31.0
32.736.333.231.928.2
32.932.833.132,631.7
29.533.535.234.834.6
34.031.332.234.434.1
35.633.533.638.138.0
35.9
38.539.637.241.437.136.9
37.134.636.538.738.139.7
38.039.136.934.837.135.4
36.334.936.234.234.134.3
20yearsandover
47,7
47.548.448.649.849.8
49.950.149.649.950.7
51.151.651.651.452.0
51.751.851.151.351.3
51.252.653.455.555.6
55.8
55.055.356.055.455.255.7
55.655.655.456.155.755.8
55.955.255.055.556.255.5
56.156.255.556.156.055.9
1 Civilian labor force as percent of civilian noninstitutional population in group specified.Note.—See footnote 3 and Note, Table B-27.Source: Department of Labor, Bureau of Labor Statistics.
268Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-31.—Unemployment rate by demographic characteristic, 1948-80
[Percent;l monthly data seasonally adjusted]
Year or month
19481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980
1979:JanFeb . . . .Mar ..
ivfay ",'„'. ' ". ".June
JulyAugSeptOctNov .Dec . .
1980-JanFebMarApr. ...MayJune ...
JulyAugSept ...OctNovDec
Allwork-
ers
3.85.9
5.33.33.02.95.5
4.44.14.36.85.5
5.56.75.55.75.2
4.53.83.83.63.5
4.95.95.64.95.6
8.57.77.06.05.8
7.1
5.85.95.85.85.65.6
5.65.95.85.95.96.0
6.26.26.36.97.67.5
7.67.67.47.67.57.4
White
Total
3.55.6
.4.93.1282.75.0
3.93.63.86.14.8
4.9604.95.04.6
4.13.33.4323.1
4.55.45.04.35.0
7.87.06.25.25.1
6.3
515.05.15.04.94.8
4.95.25.15.15.25.3
5.55.45.56.16.86.7
6.86.76.56.66.66.5
Males
Total
3.45.6
4.72.62.52.54.8
3.73.43.66.14.6
4.85.74.64.74.1
3.62.82.72.62.5
4.04.94.53.74.3
7.26.45.54.54.4
6.1
4.54.44.44.34.24.1
4.34.54.64.54.74.8
5.14.95.26.06.86.7
6.86.76.66.66.66.4
16-19years
114
11.310.511.515.714.0
14.015.713.715.914.7
12.910.510.710.110.0
13.715.114.212.313.5
18.317.315.013.513.9
16.2
14.214.314.214.114.212.0
13.314.414.613.613.914.1
14.413.813.515.017.817.4
17.517.516.217.317.716.4
20yearsandover
4*4
3.33.03.25.54.1
4.25.14.03.93.4
2.92.22.12.01.9
3.24.03.62.93.5
6.25.44.63.73.6
5.2
3.63.53.53.43.33.4
3.53.63.63.73.83.9
4.24.14.55.25.85.7
5.85.85.85.75.75.5
Females
Total
3.85.7
5.34.2333.15.5
4.34.24.36.25.3
5.36.55.55.85.5
5.04.34.6434.2
5.46.35.95.36.1
8.67.97.36.25.9
6.5
6.06.06.05.95.95.8
5.76.15.86.05.96.0
6.16.26.06.46.76.6
6.86.86.46.76.76.7
16-19years
....
10.4
9.19J9.5
12.712.0
12.714.812.815.114.9
14.012.111.512.111.5
13.415.114.213.014.5
17.416.415.914.413.9
14.8
13.813.413.414.013.713.9
13.714.414.214.613.714.3
14.014.614.714.516.314.7
15.415.513.814.514.914.2
20yearsandover
....
5.1
3.93.73.85.64.7
4.65.74.74.84.6
4.03.33.83.43.4
4.45.34.94.35.0
7.56.86.25.25.0
5.6
5.05.15.14.94.94.9
4.75.24.95.05.05.1
5.15.25.05.55.75.7
5.85.85.55.85.85.9
Black and other
Total
5.98.9
9.05.35.44.59.9
8.78.37.9
12.610.7
10.212.410.910.89.6
8.17.37.46.76.4
8.29.9
10.08.99.9
13.913.113.111.911.3
13.2
U.311.911.311.711.3U.I
10.711.110.711.411.011.5
11.911.711.912.613.613.5
13.913.714.114.214.014.0
Males
Total
5.89.6
9.44.95.24.8
10.3
8.87.98.3
13.7U.5
10.712.810.910.58.9
7.46.36.15.65.3
7.39.18.97.69.1
13.712.712.410.910.3
13.3
10.211.010.910.610.19.9
9.99.79.5
10.510.410.8
U.5U.511.212.313.514.0
14.414.615.314.314.113.9
16-19years
14 4
13.415.018.426.825.2
24.026.822.027.324.3
23.321.323.922.121.4
25.028.929.726.931.6
35.435.437.034.431.5
34.9
33.633.331.932.731.032.0
30.528.728.931.431.531.9
32.434.231.129.132.933.5
35.039.437.738.235.938.8
20yearsandover
9.9
8.47.47.6
12.710.5
9.611710.09.27.7
6.04.94.33.93.7
5.67.26.85.76.8
11.710.610.08.68.4
11.4
8.08.98.98.58.27.9
8.18.07.88.78.69.0
9.79.59.5
10.811.712.2
12.512.513.212.112.011.6
Females
Total
6.17.9
8.46.1574.19.2
8.58.97.3
10.89.4
9.411.911.011.210.7
9.28.79.18.37.8
9.310.8U.310.510.7
14.013.614.013.112.3
13.1
12.512.911.813.012.512.5
U.512.612.012.411.712.2
12.3U.912.612.913.712.9
13.312.712.814.114.014.1
16-19years
20,6
19.222.820.228.427.7
24.829.230.234.731.6
31.73L329.628.727.6
34.435.438.534.534.6
38.539.039.938.435.7
36.9
32.034.931.838.742.435.7
30.238.335.138.534.835.6
36.539.636.434.837.936.3
37.035.737.936.437.436.1
20yearsandover
8.4
7.77.86.49.58.3
8.31069.69.49.0
7.56.67.16.35.8
6.98.78.88.28.4
U.5U.311.710.610.1
11.1
10.610.710.010.39.8
10.4
9.810.410.010.09.6
10.0
10.19.3
10.511.111.610.9
U.310.910.612.312.212.3
1 Unemployment as percent of civilian labor force in group specified.Note.—See footnote 3 and Note, Table B-27.Source: Department of Labor, Bureau of Labor Statistics.
333-Si+O O - 81 - 18 : QL 3 269Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-32.—Unemployment by duration, 1947-80
[Monthly data seasonally adjusted1]
Year or monthTotal
unem-ploy-ment
Duration of unemployment
Less than 5-145 weeks weeks
15-26weeks
27 weeksand over
(mean)durationin weeks
Thousands of persons 16 years of age and over
1947,.1948.1949..
19501951.195219531954
19551956195719581959
1960 .19611962.19631964
1965 .1966196719681969..
19701971 .1972 .19731974
1975. .1976..,197719781979
1980
1979:JanFeb..Mar
tJune.JulyAug.SeptOct .NovDec...
1980:Jan.Feb.MarAprMayJune
JulyAugSeptOctNov .Dec
2,3112,2763,637
3,2882,0551,8831,8343,532
2,8522,7502,8594,6023,740
3,8524,7143,9114,0703,786
3,3662,8752,9752,8172,832
4,0884,9934,8404,3045,076
7,8307,2886,8556,0475,963
7,448
5,9585,9935,9565,9185,7765,718
5,7386,0575,9716,1326,1046,272
6,5006,4546,5437,2027,9447,811
8,0217,9427,8007,9617,9467,785
1,2101,3001,756
1,4501,1771,1351,1421,605
1,3351,4121,4081,7531,585
1,7191,8061,6631,7511,697
1,6281,5731,6341,5941,629
2,1372,2342,2232,1962,567
2,8942,7902,8562,7932,869
3,208
2,7372,8222,7742,8422,7252,848
2,7753,1562,8512,9722,9762,984
3,1633,0493,0053,2583,7143,281
3,3173,2553,0423,1863,1083,115
704669
1,194
1,055574516482
1,116
815805891
1,3961,114
1,1761,3761,1341,2311,117
983779893810827
1,2891,5781,4591,2961,572
2,4522,1592,0891,8751,892
2,411
1,9471,9151,8851,8751,8611,753
1,8681,7352,0091,9621,8802,000
1,9942,1342,2072,3732,5892,812
2,6492,5332,5862,5002,5242,217
234193428
425166148132495
366301321785469
503728534535491
404287271256242
427665597475563
1,2901,003896746684
1,028
693704745675686653
629657635681680717
776794796931980
1,024
1,0931,2391,3661,2561,2131,231
164116256
357137
8478
317
336232239667571
454804585553482
351239177156133
235517562337373
1,1931,3361,015
633518
802
524547569530505504
445517507510531530
543505595668706753
842911929
1,0361,1161,147
8.610.0
12.19.78.48.0
11.8
13.011.310.513.914.4
12.815.614.714.013.3
11.810.48.88.57.9
11.412.110.09.7
14.115.814.311.910.8
11.9
11.211.311.711.010.910.5
10.310.610.610.510.610.6
10.610.711.011.210.611.7
11.812.513.013.313.613.5
1 Because of independent seasonal adjustment of the various series, detail will not add to totals.Note.—See footnote 3 and Note, Table B-27.Source: Department of Labor, Bureau of Labor Statistics.
270Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-33.—Unemployment by reason, 1967-80
[Monthly data seasonally adjusted1]
Year or monthTotal
unem-ploy-ment
Job losers Job leavers Reentrants
Thousands of persons 16 years of age and over
196719681969
19701971 . ..1972 .. .19731974
1975197619771978 .1979
1980
1980:Jan.. .FebMar ..Apr . ...f̂JuneJuly .AugSept ...OctNovDec. . .
1967..1968..1969.
1970. ...197119721973.. ..1974 ..
1975..1976.19771978 .1979
1980..,
1980:JanFeb.Mar.
May'June
July..Aug..SeptOcfNov.Dec
2,9752,8172,832
4,0884,9934,8404,3045,076
7,8307,2886,8556,0475,963
7,448
6,500
7,2027,9447,811
8,0217,9427,8007,9617,9467,785
3.83.63.5
4.95.95.64.95.6
8.57.77.06.05.8
7.1
6.26.26.36.97.67.5
7.67.67.47.67.57.4
1,2291,0701,017
1,8092,3132,0891,6662,205
4,3413,6253,1032,5142,555
3,860
3,0382,9793,1023,5814,1644,468
4,3644,3194,3874,2404,2294,226
438431436
549587635674756
812886889851854
863
807831804905930887
866890855870897813
945909965
1,2271,4661,4441,3231,441
1,8651,8951,9261,8141,758
1,875
1,7971,8121,9091,9751,834
1,8681,8831,8442,0131,8961,869
Percent of civilian labor force
1.61.31.2
2.22.82.41.92.4
4.73.83.22.52.5
3.7
2.92.93.03.44.04.3
4.24.14.24.04.04.0
0.6
is.7.7.7
.9
.9
.8
.8
.8
.8
.8
.9
1.21.21.2
1.51.71.71.51.6
2.02.02.01.81.7
1.8
1.71.71.71.81.91.8
1.81.81.81.91.81.8
1 Because of independent seasonal adjustment of the various series, detail will not add to totals.Note.-See footnote 3 and Note, Table B-27.Source: Department of Labor, Bureau of Labor Statistics.
271Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-34.—Unemployment insurance programs, selected data, 1946-80
Year or month
All programs
Coveredemploy-ment1
Insuredunemploy-
ment(weekly
aver-a g e ) "
Totalbenefits
paid(millions
ofdollars)2 *
State programs
, Insuredunem-
ploymentInitialclaims
Exhaus-tions5
Insuredunemploy-ment aspercent
ofcoveredemploy-
ment
Total(millions
ofdollars) *
Averageweeklycheck
(dollars)9
Thousands Weekly average; thousands
194619471948.19491950195119521953.195419551956195719581959.196019611962196319641965196619671968196919701971 ..1972...1973 ,.197419751976.1977,,19781979
31,85633,87634,64633,09834,30836,33437,00638,07236,62240,01842,75143,43644,41145,72846,33446,26647,77648,43449,63751,58054,73956,34257,97759,99959,52659,37566,45869,89772,45171,03773,45976,41988,804'92,062
1979:JanFebMar
JuneJulyAugS e p t .OctNovDec
1980:JanFebMar. . .
May!'.' .June
JulyAug..SeptOct....Nov....
2,8041,7931,4462,474
1,6051,0001,0691,0672,0511,3991,3231,5712,7731,860
2,0712,9941,946
71,9731,7531,4501,1291,2701,1871,177
2,0702,6082,1921,7932,5584,9373,8463,3082,6452,592
3,1983,2092,9212,6102,2302,119
2,4292,3772,1642,2362,5593,047
3,7403,7303,6523,6293,6803,790
4,1403,9113,9613,6613,726
2,878.51,785.51,328.72,269.8
1,467.6862.9
1,043.51,050.62,291.61,560.21,540.61,913.04,290.62,854.3
3,022.84,358.13,145.13,025.92,749.22,360.41,890.92,221.52,191.02,298.6
4,209.36,154.05,491.14,517.36,933.9
16,802.412,344.810,998.99,006.99,401.3
1,036.6972.1
1,043.0844.2793.2662.9
715.1820.2656.1741.2795.9909.0
1,368.21,307.01,323.81,378.31,338.31,333.8
1,579.51,441.81,503.0
1,295997980
1,973
1,513969
1,044990
1,8701,2651,2151,4462,5101,684
1,9082,2901,783
71,8061,6051,3281,0611,2051,1111,101
1,8052,1501,8481,6322,2623,9862,9912,6552,3592,434
2,3452,3292,3362,3812,3072,320
2,4092,4922,4882,5402,6432,631
2,7292,6852,8573,2043,7174,009
3,8803,7783,8023,5893,332
1891872003402362082152183042262272703692773313503027 298268232203226201200296295261247363478386375346388
352346359433355380390394394402405416
414389455574642617
530506494446403
4.33.13.06.2
4.62.82.92.85.23.53.23.66.44.4
4.85.64.44.33.83.02.32.52.22.1
3.44.13.52.73.56.04.63.93.32.9
3.03.03.03.02.92.9
2.93.03.03.03.13.1
3.23.13.33.74.34.7
4.54.44.44.13.8
1,094.9775.1789.9
1,736.0
1,373.1840.4998.2962.2
2,026.91,350.31,380.71,733.93,512.72,279.0
2,726.73,42272,675.42,774.72,522.12,166.01,771.32,092.32,031.62,127.9
3,848.54,957.04,471.04,007.65,974.9
11,754.78,974.58,357.27,717.28,612.9
972.8915.1975.6777.7725.2610.3
665.7765.0606.3674.0728.4843.9
1,283.91,229.91,218.21,232.21,196.81,213.6
1,397.51,249.81,144.9
18.5017.8319.0320.48
20.7621.0922.7923.5824.9325.0427.0228.1730.5830.41
32.8733.8034.5635.2735.9237.1939.7541.2543.4346.17
50.3454.0256.7659.0064.2570.2375.1678.7983.6789.67
88.2890.3190.2889.2888,3787.25
86.4088.5689.1090.5992.2394.54
96.4198.3999.1999.5299.5599.88
98.7599.6899.86
**Monthly data are seasonally adjusted.•Includes persons under the State, UCFE (Federal employee, effective January 1955), and RRB (Railroad Retirement Board)
programs. Beginning October 1958, also includes the UCX program {unemployment compensation for ex-servicemen).includes State, UCFE, RR, UCX, UCV (unemployment compensation for veterans, October 1952-January 1960), and SRA
(Servicemen's Readjustment Act, September 1944-September 1951) programs. Also includes Federal and State extended benefitprograms. Does not include FSB (Federal supplemental benefits) and SUA (special unemployment assistance) programs.3 Covered workers who have completed at least 1 week of unemployment.4 Annual data are net amounts and monthly data are gross amounts. •8 Individuals receiving final payments in benefit year.6 For total unemployment only.
7 Programs include Puerto Rican sugarcane workers for initial claims and insured unemployment beginning July 1963.8 Latest data available for all programs combined. Workers covered by State programs account for about 97 percent of wage andsalary earners.
Source: Department of Labor, Employment and Training Administration.
272Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-35.—Wage and salary workers in nonagricultural establishments, 1929-80
[Thousands of persons; monthly data seasonally adjusted]
Year ormonth
192919331939194019411942194319441945194619471948194919501951 ... .1952.. .195319541955195619571958. . ..1959.19601961196219631964196519661967196819691970 . .19711972197319741975.. . .19761977197819791980". .
1979:JanFebMar
day!!!!!!!!!!!JuneJulyAugSeptOctNovDec
1980:JanFebMar!!!!!.!!..!.
X':::::::JuneJulyAugSeptOctNov"Dec"
Totalwageand
salarywork-
ers
3132423 69930,60332,36136,53940,10642,43441,86440,37441,65243 85744,86643,75445,19747,81948,79350,20248,99050,64152,36952,85351,32453,26854,18953,99955,54956,65358 28360 76563,90165,80367,89770,38470,88071,21473,67576,79078,26576,94579,38282,47186,69789,88690,652
88,85889,10989,45589,38689,70889,90990,05490,22290,28390,44190,55290,678
91,03191,18691,14490,95190,46890,04789,86790,14290,38490,71090,91791,122
Manufacturing
Total
10,7027 397
1O',27810,98513,19215,28017,60217,32815,52414,70315,54515,58214,44115,24116,39316,63217,54916,31416,88217,24317,17415,94516,67516,79616,32616,85316,99517,27418,06219,21419,44719,78120,16719,36718,62319,15120,15420,07718,32318,99719,68220,50521,06220,365
21,04021,09421,13021,11321,11321,13221,12821,05521,07121,04320,96620,983
20,97120,95720,93820,64220,28620,01419,82819,94020,04420,15720,28220,349
Durablegoods
4,7155,3636,9688,823
11,08410,8569,0747,7428,3858,3267,4898,0949,0899,349
10,1109,1299,5419,8339,8558,8299,3739,4599,0709r4809,6169,816
10,40511,28211,43911,62611,89511,20810,63611,04911,89111,92510,68811,07711,59712,27412,77212,218
12,71712,78112,81412,81112,81012,83712,84112,78212,82212,76412,69312,706
12,68112,71512,70712,44212,14011,94711,81911,86011,95512,04312,14712,185
Non-durablegoods
5,5645,6226,2256,4586,5186,4726,4506,9627,1597,2566,9537,1477,3047,2847,4387,1857,3417,4117,3217,1167,3037,3377,2567,3737,3807,4587,6567,9308,0078,1558,2728,1587,9878,1028,2628,1527,6357,9208,0868,2318,2908,147
8,3238,3138,3168,3028,3038,2958,2878,2738,2498,2798,2738,277
8,2908,2428,2318,2008,1468,0678,0098,0808,0898,1148,1358,164
Mining
1,087744854925957992925892836862955994930901929898866791792822828751732712672650635634632627613606619623609628642697752779813851960
1,025
927936940941946953963974976982985992
9991,0071,0091,0121,0231,0291,0131,0131,0281,0371,0541,070
Construc-tion
1,512824
1,1651,3111,8142,1981,5871,1081,1471,6832,0092,1982,1942,3642,6372,6682,6592,6462,8393,0392,9622,8173,0042,9262,8592,9483,0103,0973,2323,3173,2483,3503,5753,5883,7043,8894,0974,0203,5253,5763,8514,2294,4834,468
4,3964,3474,4674,4194,4634,4724,4914,4994,5074,5294,5534,615
4,74543594,5294,4674,4364,3794,3224,3594,4044,4424,4684,497
Transpor-tationand
publicutilities
3,9162,6722,9363,0383,2743,4603,6473,8293,9064,0614,1664,1894,0014,0344,2264,2484,2904,0844,1414,2444,2413,9764,0114,0043,9033,9063,9033,9514,0364,1584,2684,3184,4424,5154,4764,5414,6564,7254,5424,5824,7134,9235,1415,155
5,0615,0825,1035,0085,1105,1685,1565,1825,1855,2035,2165,212
5,2025,1985,2025,1785,1675,1345,1145,1295,1245,1475,1335,135
Whole-saleand
retailtrade
6,1234,7556,4266,7507,2107,1186,9827,0587,3148,3768,9559,2729,2649,3869,742
10,00410,24710,23510,53510,85810,88610,75011,12711,39111,33711,56611,77812,16012,71613,24513,60614,09914,70515,04015,35215,94916,60716,98717,06017,75518,51619,54220,26920,571
20,05820,12620,15920,17620,20920,21720,25420,30120,35220,41420,47920,448
20,52920,63720,61020,53120,48720,45920,50620,58920,62020,64120,64720,626
Finance,insur-ance,andreal
estate
1,4941,2801,4471,4851,5251,5091,4811,4611,4811,6751,7281,8001,8281,8881,9562,0352,1112,2002,2982,3892,4382,4812,5492,6292,6882,7542,8302,9112,9773,0583,1853,3373,5123,6453,7723,9084,0464,1484,1654,2714,4674,7244,9745,162
4,8724,8894,9054,9244,9514,9704,9895,0195,0175,0335,0495,064
5,0915,1015,1155,1195,1375,1505,1675,1805,1945,2145,2275,240
Services
3,4252,8613,5023,6653,9054,0664,1304,1454,2224,6975,0255,1815,2405,3575,5475,6995,8355,9696,2406,4976,7086,7657,0877,3787,6207,9828,2778,6609,0369,498
10,04510,56711,16911,54811,79712,27612,85713,44113,89214,55115,30316,25217,07817,736
16,72816,83116,92816.94417,02917,07417,11417,15217,19217,26417,30817,362
17,46217,54017,58017,61817,65917,65217,76017,78817,86117,91317,95118,025
Government
Federal
533565905996
1,3402,2132,9052,9282,8082,2541,8921,8631,9081,9282,3022,4202,3052,1882,1872,2092,2172,1912,2332,2702,2792,3402,3582,3482,3782,5642,7192,7372,7582,7312,6962,6842,6632,7242,7482,7332,7272,7532,7732,867
2,7572,7592,7582,7602,7702,7832,7842,8112,7622,7692,7732,773
2,7912,8262,8863,1152,9602,9512,8932,8282,7652,7882,7932,808
Stateandlocal
2,5322,6013,0903,2063,3203,2703,1753,1163,1373,3413,5823,7873,9484,0984,0874,1884,3404,5634,7275,0695,3995,6485,8506,0836,3156,5506,8687,2487,6968,2208,6729,1029,4379,823
10,18510,64911,06811,44611,93712,13812,39912,91913,14713,304
13,01913,04513,06513,10113,11713,14013,17513,22913,22113,20413,22313,229
13,24113,26113,27513,26913,31313,27913,26413,31613,34413,37113,36213,372
Note.—Data in Tables B-35 through 8-37 are based on reports from employing establishments and relate to full- and part-time wage and salary workers in nonagricultural establishments who worked during or received pay for any part of the payperiod which includes the 12th of the month. Not comparable with labor force data (Tables B-27 through B-33), which includeproprietors, self-employed persons, domestic servants, and unpaid family workers,* which count persons as employed when theyare not at work because of industrial disputes, bad weather, etc., even if they are not paid for the time off; and which arebased on a sample of the working-age population. For description and details of the various establishment data, see"Employment and Earnings."
Source: Department of Labor, Bureau of Labor Statistics.
273Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-36.—Average weekly hours and hourly earnings in selected private nonagricultural
industries, 1947-80
[For production or nonsupervisory workers; monthly data seasonally adjusted]
Year ormonth
194719481949
19501951195219531954
19551956195719581959
I960...1961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980"
1979:JanFebMar
fczzJune
JulyAugSeptOctNovDec
1980:JanFebMarAprMayJune
JulyAugSeptOctN o vDec"
Average weekly hours
Totalprivate
non-agricul-tural1
40.340.039.4
39.839.939.939.639.1
39.639.338.838.539.0
38.638.638.738.838.7
38.838.638.037.837.7
37.136.937.036.936.5
36.136.136.035.835.6
35.3
35.735.735.935.335.635.6
35.635.735.635.635.635.7
35.635.535.435.335.135.0
34.935.135.235.335.435.4
Manufac-turing
40.440.039.1
40.540.640.740.539.6
40.740.439.839.240.3
39.739.840.440.540.7
41.241.440.640.740.6
39.839.940540.740.0
39.540.140.340.440.2
39.7
40.640.640.639.340.240.1
40.140,140.140.140.140.2
40.340.139.839.839.339.1
39.039.439.639.739.940.2
Con-struction
38.238.137.7
37.438.138.937.937.2
37.137.537.036.837.0
36.736.937.037.337.2
37.437.637.737.337.9
37.337.236.536.836.6
36.436.836.536.837.0
37.0
36.736.937.535.637.137.2
36.937.337.536.837.037.2
37.337.136.636.736.837.1
36.836.537.437.037.137.0
Whole-saleand
retailtrade
40.540.440.5
40.540.540.0
: 39.5< 39.5
39.439.138.738.638.8
38.638.338.238.137.9
37.737.136.636.135.7
35.335.134.934.634.2
33.933.733.332.932.6
32.1
32.532.632.732.832.632.6
32.632.632.632.632.632.6
32.632.432.332.032.131.9
31.832.032.132.232.232.2
Average gross hourly earnings,current dollars
Totalprivate
non-agricul-tural l
$1,1311.2251.275
1.3351.451.521.611.65
1.711.801.891.952.02
2.092.142.222.282.36
2.462.562.682.853.04
3.233.453.703.944.24
4.534.865.255.696.16
6.66
5.965.996.036.036.086.13
6.176.226.266.286.346.39
6.416.456.516.546.576.62
6.676.716.776.836.916.95
Manufac-turing
$1,2161.3271.376
1.4391.561.641.741.78
1.851.952.042.102.19
2.262.322.392.452.53
2.612.712.823.013.19
3.353.573.824.094.42
4.835.225.686.176.69
7.27
6.476.526.566.576.656.69
6.736.756.796.826.876.91
6.936.997.067.117.157.22
7.307.367.427.497.58,7.64
Con-struction
$1,5401.7121.792
1.8632.022.132.282.38
2.452.572.712.822.93
3.073.203.313.413.55
3.703.894.114.414.79
5.245.696.066.416.81
7.317.718.108.669.27
9.93
8.969.069.059.139.209.21
9.299.339.399.409.489.55
9.469.649.759.799.839.89
9.9410.0410.0510.1410.2010.29
Whole-saleand
retailtrade
$0,9401.0101.060
1.1001.181.231.301.35
1.401.471.541.601.66
1.711.761.831.891.97
2.042.142.252.412.56
2.722.883.053.233.48
3.733.974.284.675.06
5.48
4.914.934.974.995.015.05
5.075.115.135.155.205.23
5.285.315.375.385.425.45
5.505.535.565.595.655.68
Adjusted hourly earnings, totalprivate nonagricultural3
Index,1967-100
Currentdollars
42.646.048.2
50.053.756.459.661.7
63.767.070.373.275.8
78.480.883.585.988.2
91.295.3
100.0106.2113.2
120.7129.2137.5146.0157.5
170.6183.0196.8212.9229.8
250.6
222.6224.0225.2226.7227.6229.2
230.8232.3234.3235.0237.3239.4
240.3242.4245.2246.2248.3250.9
252.1254.0255.4257.9260.7261.6
1967dollars3
63.763.867.5
69.369.070.974.476.6
79.482.383.484.586.8
88.490.292.293.795.0
96.698.0
100.0101.9103.1
103.8106.5109.7109.7106.7
105.9107.3108.4109.0105.6
108.4107.8107.3106.9106.3105.9
105.5105.2104.9104.2104.1103.8
102.7102.2102.0101.4101.4101.5
102.0102.0101.5101.5101.6
Percent changefrom a year
earlier4
Currentdollars
So4.8
3.77.45.05.73.5
3.25.24.94.13.6
3.43.13.32.92.7
3.44,54.96.26.6
6.67.06.46.27.9
8.37.37.58.27.9
9.1
8.28.48.28.07.87.9
7.88.08.27.78.28.3
7.98.28.98.69.19.4
9.29.39.09.79.89.3
1967dollars
0.25.8
2.7- .42.84.93.0
3.73.71.31.32.7
1.82.02.21.61.4
1.71.42.01.91.2
.72.63.0.0
-2 .7
- .71.31.0.6
- 3 . 1
- 1 . 1-1 .4- 1 . 9- 2 . 4- 2 . 8- 2 . 9
- 3 . 3- 3 . 5-3 .7- 4 . 2- 4 . 1- 4 . 5
- 5 . 3- 5 . 2- 5 . 0- 5 . 2- 4 . 6- 4 . 2
- 3 . 4-3 .0- 3 . 2- 2 . 5- 2 . 5
1 Also includes other private industry groups shown in Table 8-35."Adjusted for overtime (in manufacturing only) and for interindustry employment shifts.3 Current dollar earnings index divided by the consumer price index (revised index for urban
workers used beginning 1978).4 Monthly data are computed from indexes to two decimal places.Note.-See Note, Table B-35.Source: Department of Labor, Bureau of Labor Statistics.
274
wage earners and clerical
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-37.—Average weekly earnings in selected private nonagricultural industries, 1947-80
[For production or nonsupervisory workers; monthly data seasonally adjusted]
Year or month
194719481949 ;
19501951195219531954
1955195619571958 ...1959 .
I960 .1961196219631964
19651966196719681969
19701971197219731974
197519761977 . . . .19781979
1980 p
1979:JanFebMarAnr
£••:8. :.•SeptOctNov . . . .Dec
1980:JanFebMarAprMayJune
JulyAugSeptOctNov"Decp
Average gross weekly earnings
Total privatenonagricultural1
Currentdollars
$45.5849.0050.24
531357.8660.6563.7664.52
67.7270 7473.3375.0878.78
80.6782.6085.9188.4691.33954598.82
101.84107.73114.61
11983127.31136.90145.39154.76
163.53175.45189.00203.70219.30
23510
212.77213.84216.48212.86216.45218.23
219.65222.05222.86223.57225.70228.12
228 20228.98230.45230.86230.61231.70
232.78235.52238.30241.10244.61246.03
1967dollars2
$68.1367.9670.36
73 6974.3776.2979.6080.15
84.44869086.9986.7090.24
90.9592.1994.8296.4798.31
10101101.67101.84103.39104.38
103 04104.95109.26109.23104.78
101.45102 90104.13104.30100.73
103.59102.96103.13100.41101.10100.85
100.43100.5299.7699.1099.0398.88
97 5296.5395.8295 0894.1693.77
94.1794.6294.7594.9295.33
Manufac-turing
(currentdollars)
$49.1353.0853.80
58.2863.3466.7570.4770.49
75.3078.7881.1982.3288.26
89.7292.3496.5699.23
102.97
107 53112.19114.49122.51129.51
133 33142.44154.71166.46176.80
190.79209.32228.90249.27268.94
288.62
262.68264.71266.34258.20267.33268.27
269.87270.68272.28273.48275,49277.78
279 28280.30280.99282.98281.00282.30
284.70289.98293.83297.35302.44307.13
Construc-tion
(currentdollars)
$58.8365.2367.56
69 6876.9682.8686.4188.54
90.909638
100.27103.78108.41
112.67118.08122.47127.19132.06
13838146.26154.95164.49181.54
19545211.67221.19235.89249.25
266.08283.73295.65318.69342.99
367.41
328.83334.31339.38325.03341.32342.61342.80348.01352.13345.92350.76355.26
352 86357.64356.85359 29361.74366.92
365.79366.46375.87375.18378.42380.73
Wholesaleand retail
trorfa(currentdollars)
$38.0740.8042.93
44.5547.7949.2051.3553.33
55.1657.4859.6061.7664.41
66.0167.4169.9172.0174.66
76.9179.3982.3587.0091.39
96 02101,09106.45111.76119.02
126.45133.79142.52153.64164.96
175.91
159.58160.72162.52163.67163.33164.63
165.28166.59167.24167.89169.52170.50
172.13172.04173.45172.16173.98173.86
174.90176.96178.48180.00181.93182.90
Percent change from
privatenonagricultural3
Currentdollars
7.52.5
5.88.94.85.11.2
5.04.53.72.44.9
2.42.44.03.03.2
4.53.53.15.86.4
4.66.27.56.26.4
5.77.37.77.87.7
7.2
9.69.48.65.47.67.17.27.67.96.97.27.4
6.96.86.68.26.56.4
5.76.66.47.58.28.2
1967dollars
- 0 . 23.5
47.9
2.64.3
5.429.1
- . 34.1
.81.42.91.71.9
27.7.2
1.51.0
- 1 31.94.1
- . 0- 4 . 1
- 3 . 21.41.2
2- 3 . 4
.1- . 5
- 1 . 6- 4 . 8- 3 . 0- 3 . 6- 3 . 9- 3 . 9- 3 . 9- 4 . 9- 4 . 9- 5 . 3
- 6 2- 6 . 5- 7 . 0- 5 . 6- 6 . 9- 6 . 9
- 6 . 5- 5 . 4- 5 . 5- 4 . 6- 3 . 9
2 Earnings in current dollars dividibeginning 1978).
3 Based on unadjusted data.Note.—See Note, Table 8-35.Source: Department of Labor, Bureau of Labor Statistics.
jroups shown in Table B-35.the consumer price index (revised index for urban wage earners and clerical workers used
275Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-38.—Productivity and related data, private business sector, 1947-79
[1967 = 100]
Year
194719481949!;.!:!!.:;:
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
197519761977"""!"/.19781979
Output
Privatebusiness
sector
47.950.849.9
54.457.659.562.160.9
65.867.568.167.170.8
73.174.478.581.986.8
92.797.8
100.0105.1108.1
107.2110.4117.7125.6123.2
120.9128.5136.6143.0147.1
Nonfarmbusinesssector
46.749.548.6
53.256.658.561.059.7
64.666.467.266.070.0
72.373.677.981.386.4
92.497.9
100.0105.3108.4
107.3110.4118.1126.2123.7
121.0129.1137.4144.0148.0
Hours of allpersons2
Privatebusinesssector
90.591.188.1
89.191.791.892.889.7
93.194.593.188.992.4
92.691.292.793.294.8
97.8100.0100.0101.7104.4
102.6102.0105.1109.2109.6
105.1108.2112.6118.1122.0
Nonfarmbusinesssector
78.780.077.0
79.483.183.986.083.1
86.588.788.384.688.4
88.988.089.990.993.0
96.599.7
100.0102.0105.2
103.8103.4106.6111.1111.6
106.9110.5115.3121.2125.4
Output per hour ofall persons2
Privatebusiness
sector
53.055.856.6
61.162.864.866.967.9
70.671.473.275.476.6
79.081.684.787.991.6
94.997.8
100.0103.3103.6
104.5108.2112.1115.0112.4
115.0118.8121.3121.1120.6
Nonfarmbusinesssector
59.361.963.2
67.068.169.770.971.9
74.774.976.278.079.3
81.283.686.689.492.9
95.898.2
100.0103.3103.0
103.3106.8110.8113.6110.9
113.2116.9119.1118.9117.9
Compensation perhour3
Privatebusiness
sector
36.139.139.8
42.646.849.752.954.6
56.059.763.666.469.2
72.174.878.281.185.3
88.694.8
100.0107.7115.2
123.7131.8140.4151.7165.9
181.8197.4212.6230.5253.4
Nonfarmbusiness
sector
38.541.843.1
45.649.652.355.256.9
59.062.566.168.671.3
74.476.879.982.686.4
89.394.7
100.0107.4114.4
122.4130.4139.1149.6163.7
179.4194.0208.7226.4248.0
Unit labor cost
Privatebusiness
sector
68.170.270.3
69.774.576.879.180.4
79.383.686.988.090.3
91.391.792.392.393.1
93.496.9
100.0104.2111.2
118.4121.8125.3131.8147.5
158.1166.2175.3190.4210.1
Nonfarmbusiness
sector
64.967.668.2
68.072.775.077.979.2
79.083.586.887.990.0
91.691.892.292.493.0
93.296.5
100.0103.9111.1
118.4122.1125.6131.7147.6
158.5166.0175.2190.4210.2
Implicit pricedeflator4
Privatebusinesssector
§5.870.469.6
70.775.976.877.578.2
79.482.184.986.089.1
89.089.590.891.892.7
94.597.3
100.0104.0109.0
114.0119.0123.1129.8142.0
155.8163.2172.3185.1201.4
Nonfarmbusiness
sector
63.067.367.9
69.173.674.976.477.4
79.181.884.885.689.0
88.889.390.791.892.8
94.396.9
100.0104.0108.9
114.1119.3122.8127.3140.2
154.6162.4171.9183.9199.7
1 Output refers to gross domestic product originating in the sector in 1972 dollars.2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily on
establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an
estimate of wages, salaries, and supplemental payments for the self-employed.4 Current dollar gross domestic product divided by constant dollar gross domestic product.Note.—Preliminary estimate based on benchmark revisions of national income and product accounts; revised data to be published by
Bureau of Labor Statistics the end of January 1981.Source: Department of Labor, Bureau of Labor Statistics.
276Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-39.—Changes in productivity and related data, private business sector, 1948-79
[Percent change from preceding period]
Year
19481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
Outputl
Privatebusinesssector
6.1- 1 . 9
9.15.83.34.3
- 1 . 8
7.92.61.0
- 1 . 65.6
3.31.75.54.36.0
6.85.52.25.12.9
- .83.06.66.6
- 1 . 9
- 1 . 96.36.34.72.8
Nonfarmbusiness
sector
6.0- 1 . 9
9.46.53.44.2
- 2 . 0
8.22.81.2
- 1 . 96.1
3.21.85.84.46.4
6.95.92.15.32.9
- 1 . 02.96.96.9
- 1 . 9
- 2 . 26.76.44.92.7
Hours of allpersons2
Privatebusinesssector
0.7- 3 . 3
1.12.9.1
1.0- 3 . 3
3.81.5
- 1 . 5- 4 . 5
3.9
.2- 1 . 5
1.6.6
1.6
3.22.3.0
1.72.6
- 1 . 7- .53.03.9.4
- 4 . 12.94.04.93.3
Nonfarmbusinesssector
1.6- 3 . 8
3.14.61.02.5
- 3 . 4
4.12.5
- .5- 4 . 2
4.4
.6- 1 . 1
2.21.12.4
3.73.4.3
2.03.2
- 1 . 4- .43.14.2.4
- 4 . 23.44.35.13.5
Output per hour ofall persons
Privatebusinesssector
5.31.5
7.92.83.23.21.6
4.01.02.53.11.6
3.13.33.83.74.3
3.53.12.23.3.2
.93.63.52.7
- 2 . 3
2.33.32.1
- .2- .4
Nonfarmbusinesssector
4.32.0
6.01.72.31.71.4
3.9.3
1.72.41.6
2.52.93.63.23.9
3.12.51.93.3
- .3
.33.33.72.5
- 2 . 4
2.13.22.0- .2- .8
Compensation perhour3
Privatebusinesssector
8.51.6
7.19.86.46.43.2
2.56.56.54.44.3
4.23.84.63.75.2
3.97.05.57.77.0
7.46.66.58.09.4
9.68.67.78.49.9
Nonfarmbusinesssector
8.62.9
5.88.85.55.63.2
3.66.05.73.84.0
4.33.24.03.54.5
3.46.05.67.46.5
7.06.66.77.69.4
9.68.17.68.49.6
Unit labor cost
Privatebusinesssector
3.0.1
- .86.93.03.11.6
- 1 . 45.53.91.32.7
1.1.5.7.0.8
.33.83.24.26.7
6.42.92.95.2
11.9
7.25.15.58.6
10.4
Nonfarmbusinesssector
4.1.9
— 26̂ 93.13.91.7
- .35.73.91.42.3
1.8.3.4.2.6
.33.53.73.96.8
6.63.12.84.9
12.1
7.44.75.58.7
10.4
Implicit pricedeflator4
Privatebusinesssector
7.0- 1 . 0
1.67.41.1.9
1.0
1.63.33.51.33.6
- .2.6
1.54.1.1.0
1.93.02.74.04.9
4.54.43.45.49.4
9.74.75.67.48.8
Nonfarmbusinesssector
6.8.9
1.76.61.82.01.4
2.23.53.6.9
4.0
- .2".6
1.51.21.2
1.62.83.24.04.7
4.84.53.03.7
10.1
lCf.35.15.87.08.6
1 Output refers to gross domestic product originating in the sector in 1972 dollars.2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily on
establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an
estimate of wages, salaries, and supplemental payments for the self-employed.4 Current dollar gross domestic product divided by constant dollar gross domestic product.Note.—Percent changes are based on original data and therefore may differ slightly from percent changes based on indexes in Table
Preliminary estimates based on benchmark revisions of national income and product accounts; revised data to be published by Bureauof Labor Statistics the end of January 1981.
Source: Department of Labor, Bureau of Labor Statistics.
277Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PRODUCTION AND BUSINESS ACTIVITY
TABLE B-40.^Industrial production indexes, major industry divisions, 1929-80
[1967=100; monthly data seasonally adjusted]
Year or month
1967 proportion
192919331939194019411942 ..194319441945194619471948194919501951195219531954 . .1955195619571958 .1959196019611962196319641965196619671968 .196919701971197219731974197519761977197819791979:
JanFebMar .AprMay : : .:: :'.::.: v : " " :;JuneJulyAug :/.: :.: : v :: : : : : : : :SeptSet ::::;:..i.::::: ;..NovDec
1980:JanFebMarAprMayJune
JulyAugSept.. ..Octp.Nov"
Totalindustrialproduction
100.00
21.613.721.725.031636.344.047.440.735.039.441.138.844.948.750.654.851.958.561.161.957.964.866.266.772.276.581.789.897.8
100.0106.3111.1107.8109.6119.7129.8129.3117.8130.5138.2146.1152.5
152.0152.5153.5151.1152.7153.0153.0152.1152.7152.7152.3152.5
152.7152.6152.1148.3144.0141.5
140.4141.8143.9146.5148.5
Manufacturing
Total
87.95
22 814.021.525.432 437.847.050.942.635.339.440938.745 048.650 655.251558.260 561.257 064.265 465.671575.881089.797.9
100.0106 4111.0106 4108.2118 9129.8129 4116.3130.3138.4146.8153.6
153.0153.6154.9151.9154.1154.2154.4152.9153.9153.7153.3153.2
153.4153 0152.1147.9143.4140.3
139.1140.6143.2146 0148.0
Durable
51.98
22 59.1
17.723.531439.954.259.945.231.637.739.335.743 548.951958.751859.261.161.653.961.962 961.868 673.178 389.098.9
100.0106 5110.6102 3102.4113 7127.1125 7109.3122.3130.0139.7146.4
147.0147.2148.6144.5147.6147.6147.2144.4145.9146.0145.2144.8
144.71441143.4138.4133.3129.9
128.3129.4131.7135 3137.8
Nondurable
35.97
23.219.926.127.533.334.637.138.638.539.741.342.742.046 748.349.251.251.657.260.161.161.667.769 371.575 880.085.290.996.7
100.0106.2111.5112 3116.6126 5133.8134 6126.4141.8150.5156.9164.0
161.6162.9164.0162.6163.6163.7164.8165.2165.4164.8165.0165.3
166.0165 9164.7161.6158.0155.3
154.7156.9159.81614162.7
Mining
6.36
43.130.642.146.849.751.352.556.255.154.261.364.457.163.870.069.471.269.977:982.082.175.378.780.380.883,186.489.993.298.2
100.0104 2108.3112 2109.81131114.7115 3112.8114.2118.2124.0125.5
124.7122.6123.0123.4123.3123.6124.1126.8126.0127.8129.9131.4
133.5132 9133.0133.1133.4132.9
130.6129.6130.51318134.2
Utilities
5.69
7.46.7
10.711.813.314.916.517.517.818.620.122.423.927.231.033.736.539.343.948.251.553.959.363.467.072 077.083.688.795.5
100.0108.4117.3124 5130.5139 4145.4143 7146.0151.7156.5161.4166.0
166.5168.1167.6167.2165.7164.1164.2164.6165.4165.7167.2166.9
164.81671172.0169.1167.7169.3
171.8173.8171.6170 8171.4
Source: Board of Governors of the Federal Reserve System.
278Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-41.—Industrial production indexes, market groupings, 1947-80
[1967=100; monthly data seasonally adjusted]
Year or month
1967 proportion
194719481949
19501951 . . .195219531954
19551956195719581959
I9601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1979:JanFebMarAprMayJune
JulyAugSeptOctNovDec
1980:JanFebMarAprNTayJune
JulyAugSeptock..;Nov"
Totalindustrial
production
100.00
39.441138.8
44.948 750.654.851.9
58.561.161957.964.8
66 266.772.276.581.7
89.897 8
100.0106.3111.1
107.81096119.7129 8129.3
117 8130.5138 2146.1152.5
152 0152.5153.51511152.7153 0
153.0152.1152 7152 7152.3152 5
152.7152.61521148.3144.0141.5
140.4141.8143.9146.5148.5
Final products
Total
47.82
38.640038.8
43.747 250.754.151.3
55.458.660 357.663.2
65.365.871.475.5797
87.695 9
100.0106.2109.6
105.3106.3115.7124.4125.1
118 2127.6135 9142.2147.2
146 5147.1148.6145 4147.8147 7
147.4145.8147 3147 3147.1147 2
147.01477147 7145.4143.1142.3
142.4142.8143.8145.6146.8
Consumer goodsl
Total
27.68
42.443 743.4
49.649150.253.252.9
59.061.262662.168.1
70.772.277.181.385.9
92.697 3
100.0105.9109.8
109.0114.7124.4131.5128.9
124 0137.1145.3149.1150.8
1513151.8153.4149 3152.2152.1
151.21487150 0150 0149.1148.6
147.9148.4148 6145.3142.4142.1
142.0142.7144.1146.4147.6
Auto-motive
products
2.83
45.347 447:0
59.152 347.159.555.4
73.660.663.550.563.3
72.566.180.187791.9
113.3112.8100.0119.4118.1
98.8124.4141.4153.0132.8
125 81557175.6179.91677
1827179.6186.8163 01827176.2
168.5147.0157.6159 2150.6141.8
131.3142.11410126.3118.5121.6
129.2121.5130.6141.9145.6
Homegoods
5.06
37.539.136.2
49.943.043.048.644.9
53.055.754.551.459.0
59.461.366.571.878.4
88.997.9
100.0106.4113.2
U0.2115.6129.5142.5136.8
118.8134.1141.91477149.2
149.2150.6150.8145 6148.3149.4
150.2148.6149.5149 7149.0149.4
148.5145.8145.8142.0134.6132.0
1277132.6134.2138.2'139.3
Equipment2
Total
20.14
30.632 2287
31.143 351.956.349.3
50.455.357 551.556.5
58157.363.767.571.4
80.794 0
100.0106.5109.3
100.194.7
103.8114.5120.0
110 2114.6123 0132.8142.2
139 9140.6141.91401141.8141.7
142.1141.9143 7143 6144.2145 2
145.8146.6146 6145.6144.0142.6
142.9142.9143.3144.5145.8
Busi-ness
12.63
38.039 534.5
37.045 251.253.346.8
50.858.861151.557.9
59 457762765.873.7
84.497 7
100.0105.5112.5
107.0104.1118.0134.2142.4
128 2135.4147 8160.3171.3
168 2169.3171.0168 7171.2171.2
171.3171.6173.4172 3172.6174.1
174.9176.01761174.2171.9169.8
170.1170.31707171.9173.4
Inter-mediateproducts
12.89
41.944 342.0
48.851350.954.554.3
61764.464 463.069.5
70071.475779.985.2
90.696,2
100.0106.3112.9
112.9116.7126.5137.2135.3
1231137.2145.1154.1160.5
161.0161.3161.41601160.1160.7
160.3161.3160.6160 6160.2159.6
160.8159.2158.3150.8146.2143.5
144.5147.6150.1151.3152.8
Materials *
Total
39.29
39.541237.6
45.049 850.556.151.8
61.362.862 856.565.2
66166.272.176.782.9
92.4100 7100.0106.5112.5
109.2111.3122.3133.9132.4
115 5131.7138 6148.3156.4
155.7156.1156.9154 9156.1156.8
157.4156.6156.6156.6156.2156.6
157.0156.5155.3151.0144.3140.0
136.5138.6142.1146.1149.0
Dura-ble
goods
20.35
38.339 435.3
44.450 551.660.352.0
63763.963853764.0
64.863.370.475.181.9
93.8103 3100.0106.2112.1
103.8104.9117.7134.61327
1091128.0136.1149.0157.8
158.4158.1159.4155 6158.1159.6
160.3157.7157.7157.2155.8155.8
156.0154.8154.2148.2139.8133.8
129.0131.3133.7139.5144.2
Non-durablegoods
10.47
45 9
52.554.954 754.462.1
63 265.871.375.682.2
90.397 5
100.0108.8115.7
115.4120.2132.9142.2142.6
126 6147.8155.6165.6175.9
172.1173.6174.2174.1174.7174.4
175.5177.1177.8178.8178.5180.2
181.0179.9177.0173.2165.2159.6
156.2159.8169.6173.6175.0
1 Also includes clothing and consumer staples, not shown separately.2 Also includes defense and space equipment, not shown separately.3 Also includes energy materials, not shown separately.Source: Board of Governors of the Federal Reserve System.
279Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-42.—Industrial production indexes, selected manufactures, 1947-80
[1967=100; monthly data seasonally adjusted]
Year or month
1967 proportion
19471948...1949
19501951195219531954
19551956195719581959
I96019611962 .. . 41963 . .1964. .
19651966196719681969... . . ,
197019711972.. .1973..1974
19751976 .19771978 . . . .1979
1979:JanFebMarAprMayJune
JulyAugSept .OctNovDec
1980JanFebMar.AprMay.June
July.Aug .Sept.Oct"Nov.
Ourable manufactures
Primarymetals
Total
6.57
63.365.855.4
69.775.869.278.563.5
82.582.078.562.372.7
72.471.176.382.392.8
102.1108.4100.0104.3113.8
106.6100.2112.1126.7123.1
96.4109.7111.1119.9121.3
123.3120.4123.8122.0121.2124.2
126.7121.1122.1118.4117.1115.3
116.4111.9113.7106.496.190.4
81.786.089.9
100.0107.7
Ironandsteel
4.21
70.1
93.291.588.266.576.5
77.774.277.384.395.9
105.2108.4100.0103.2112.6
104.796.1
107.1122.3119.8
95.8104.8103.8113.2113.2
113.3110.8116.2115.8114.3118.1
119.0112.0115.0108.8108.1106.6
107.2103.4105.997.484.475.4
68.175.379.893.8
Fabri-catedmetalprod-ucts
5.93
49.950.845.8
56.159.958.566.059.4
67.868.870.663.371.0
71.169.475.477.882.6
90.897.2
100.0105.6107.9
102.4103.5112.1124.7124.2
109.9123.9131.0141.6148.5
149.1150.8150.2148.8150.3149.3
149.3147.6146.5147.5146.9146.2
145.0145.7145.5141.4133.2126.1
123.8125.8129.0132.4134.6
Non-elec-trical
machin-ery
9.15
39.039.233.4
37.547.751.954.046.1
50.658.057.948.656.7
56.955.462.166.375.6
85.098.8
100.0101.8109.3
104.4100.2116.0133.7140.1
125.1134.5143.6153.6163.7
161.2162.9164.1161.4164.4164.6
165.5166.3165.2162.9162.9163.0
167.1167.0166.5163.2162.1158.3
158.5158.81591160 5161.5
Electri-cal
machin-ery
8.05
22.223.021.6
29.629.834.039.034.7
39.943.142.839.247.6
51.654.862.964.768.4
81.797.9
100.0105.5111.9
108.1107.7122.2143.1143.8
116.5134.8145.4159.4174.0
171.2173.1174.3170.6174.6175.1
174.7172.1176.7177.3179.5181.6
181.7179.2179.2177.0171.4166.6
165,0166.7167 8169 9171.9
Transportationequipment
Total
9.27
31.834.834.9
41.846.654.268.059.2
68.066.070.755.863.2
65.461.571.178.080.0
95.1102.0100.0111.1108.4
89.597.9
108.2118.3108.7
97.4111.1122.2132.5135.4
141.5140.0143.4131.6141.8139.3
135.2125.2131.8133.3128.3127.3
122.1125.7123.8115.1109.8110.0
110.7108.3112 9118 9120.9
Motorvehicles
andparts
4.50
60.5
81.265.869.051.066.2
74.765.579.888.390.7
115.9113.9100.0120.3116.5
92.3118.6135.8148.8128.2
111.1142.0161.1169.9159.9
178.7173.3179.7156.0175.8169.0
159.2138.5150.3150.1139.3137.1
126.2133.9130.1114.7105.9106.7
107.9104.4113.4124 7128.3
Lumberand
prod-ucts
1.64
58.961.354.1
65.765.564.768.468.0
75.975.068.869.979.3
' 74.778.282.586.392.7
96.3100.0100.0105.5107.9
105.6113.8120.8126.0116.2
107.6123.2131.2136.3136.9
137.3137.2137.7137.2135.8136.8
135.2138.5138.6138.7135.9132.4
131.6130.2125.3105.2104.5109.7
112.8121.7122.7121.4
Nondurable manufactures
Apparelprod-ucts
3.31
57.860.359.7
64.363.166.367.266.4
73.375.074.972.880.1
81.782.285.589.192.2
97.499.9
100.0102.9106.7
101.4104.7109.4117.3114.3
107.6125.7134.2134.2134.4
136.0138.0138.5134.0133.1136.4
132.7132.5135.7131.5133.5131.1
131.5133.8136.1131.3128.6127.2
121.5123.8
Printingand
publish-ing
4.72
43.345.446.6
48.949.749.752.054.1
59.563.265.463.968.2
71.071,373.977.882.6
87.994.6
100.0103.2107.4
107.0107.1112.7118.2118.2
113.3122.5127.6131.5136.9
135.6138.2137.3135.7136.8136.9
135.6137.7137.2137.2136.2137.8
138.9139.9139.2136.5135.5135.4
138.6140.31401141 514214
Chem-irakltd 15and
prod-ucts
7.74
19.721.321.0
26.229.731.133.634.1
39.842.745.246.654.3
56.459.265.771.878.8
87.895.7
100.0109.5118.4
120.4125.9143.6154.5159.4
147.2170.9185.7197.4211.8
207.5209.7210.4209.3211.2209.6
211.8214.8212.8212.9215.3216.8
218.0217.4213.6209.1199.2191.1
190.3197.8206 0210.4
Foods
8.75
55.855.255.9
57.959.060.261.462.7
66.370.171.172.976.5
78.680.983.486.490.4
92.496.0
100.0102.6106.1
108.9112.8116.8120.9124.0
123.4133.0138.8142.7147.5
143.9145.3147.4146.8148.3149.0
148.9147.5148.1147.7147.9148.4
148.5149.0149.3147.8149.5149.0
148.9148.3148.7149.2
Source: Board of Governors of the Federal Reserve System.
280Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-43.—Capacity utilization rate in manufacturing, 1948-80
[Percent; quarterly data seasonally adjusted]
Year or quarter
19481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1975:1||IllIV
1976:1II.IllIV
1977:IIIIllIV
1978:
ii • ;.;...IllIV
1979:|IIIllIV
1980:1||III
FRB seriesJ
Totalmanufac-
turing
82.574.2
82.885.885.489.280.3
87 186483 775.281.9
80.277.481683.585.6
89 691.186.987.186.2
79 378.483.587.683.8
72.979 581.984.485.7
70.370.774.676.1
78.479 580.080.0
80.782.182.482.6
82.083.985.286.4
86.985.985.384.4
83.477 975.7
Primaryprocess-
ing
87.276.2
88.590.284.989.480.6
92189 784.775.483.4
79.877.981.683.887.8
91.191.485.787.788.5
82.982.388.292.587.8
73.781.984.086.988.1
69.970.476.278.4
81.081982.682.1
82.284.484.584.7
84.086.387.989.5
89.088.288.386.9
85.176.372.9
Ad-vanced
process-ing
80.073.3
79.883.485.989.380.1
84 384 583.175.181.1
80.477.281.783.484.6
88.991.287.686.885.0
77.476.381.085.081.5
72.578.280.883.084.3
70.471.073.874.9
77.078178.578.8
79.880.881.381.3
80.982.783.784.6
85.784.783.783.0
82.578 777.3
Commerce series2
Totalmanufac-
turing
8686848585
8180838683
7781838483
75757979
82828081
83848282
84848384
84838281
807676
Durablegoods
8887838484
7878828582
7681848483
74737877
81837981
84868282
84858385
85848280
807475
Non-durablegoods
8586858686
8383858684
7982828382
76788081
82818282
82828282
83828283
83828282
817878
Primary-processed
goods
8988878687
8382858985
7682838484
75737878
83838280
83848282
83848485
85848383
817574
Advanced-processed
goods
8585838484
7980828482
7781838482
75767979
81827982
84848283
84848284
84838180
807677
Wharton series3
Totalmanufac-
turing
•"'88.1
90 587 984.074.278.9
76.973.776577.779.5
84.288.286.989.290.1
84.082.687.792.990.2
79.485.588.190.992.6
77.077.381.082.2
84.785.585.886.0
86.888.288.588.7
88.490.491.693.1
93.792.792.391.8
91.385.783.5
Durablegoods
85.3
88 385.381.668.073.7
71.967.771.873.475.6
82.388.086.288.889.4
80.678.184.291.588.7
75.981.884.889.291.7
74.874.177.177.5
80.482.082.782.4
82.984.985.486.0
85.888.590.292.4
93.191.991.090.7
89.883.480.2
Non-durabgood;
92.
939187.83.86.
84.8283.83.85
86.88.87.89.91.
88.89.92.94.92.
84.90.92.93.94
80.81.86.89.
90.90.90.90.
92.93.92.92.
92.93.93.94.
94.93.94.93.
93.88.88.
1 For description of the series, see "Federal Reserve Measures of Capacity and Capacity Utilization," February 1978.2 Quarterly data are for last month in quarter. Annual data are averages of the (our indexes, except for 1965 (December index) and
1966-67 {averages of June and December indexes). For description of the series, see "Survey of Current Business," July 1974.3 Annual data are averages of quarterly indexes. For description of the series, see F. Gerard Adams and Robert Summers, "The
Wharton Index of Capacity Utilization: A Ten Year Perspective, 1973 Proceedings of the Business and Economic Statistics Section,American Statisticaf Association.
Sources: Board of Governors of the Federal Reserve System, Department of Commerce (Bureau of Economic Analysis), and WhartonSchool of Finance.
281Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-44;—New construction activity, 1929-80
[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]
Year or month
Totalnew
construc-tion
Private construction
Total
Residentialbuildings1
Total 2New
housingunits
Presidential buildings and otherconstructionl
TotalCommer-
c i a lIndus-trial Other*
Public construction
Total FederalState and
local*
1929
1933
1939... .
1940 . .1941 . . . ,1942. . . .19431944
1945 .1946
New series
19471948 ...1949
1950 ....1951195219531954
19551956.1957,19581959, .
1960, . ..1961, . . .196219631964
19651966196719681969
1970. ..1971..1972.19731974
1975. ..19761977. . ..1978
1979..
10.8
2.9
8.2
8.712.014.18.35.3
5.814.3
20.026.1267
33.635.436.839.141.4
46.547.649.150.055.4
54.756.460.264.867.7
73.776.478.187.193.9
94.9110.0124.1137.9138.5
134.5151.1174.0205.5
229.0
8.3
1.2
4.4
5.16.23.42.02.2
3.412.1
16.721.420.5
26.726.226.027.929.7
34.834.935.134.639.3
38.939.342.345.547.3
51.752.452.559.566.0
66.880.193.9
105.4100.2
93.7111.9135.8159.6
179.9
3.6
.5
2.7
3.03.51.7
.9
.8
1.36.2
9.913.112.4
18.115.915.816.618.2
21.920.219.019.824.3
23.023.125.227.928.0
27.925.725.630.633.2
31.943.354.359.750.4
46.560.581.093.4
99.0
3.0
.3
2.3
2.63.01.4
.7
.6
.74.8
7,810.510.0
15,613.212.913.414.9
18.216.114.715.419.2
17.317.119.421.721.8
21.719.419.024.025.9
24.335.144.950.140.6
34.447.365.775.8
78.6
4.7
6.98.28.0
8.610.310.211.311.5
12.914.716.114.815.1
15.916.217.217.619.3
23.826.727.0
1.41.51.11.82.2
3.23.63.63.63.9
4.24.75.15.05.4
28.932.8
34.936.839.645.749.8
47.251.454.866.1
80.9
7.89.4
9.811.613.515.515.9
12.812.814.818.6
24.9
1.71.41.0
1.12.12.32.22.0
2.43.13.62.42.1
2.92.82.82.93.6
6.06.8
6.55.44.76.27.9
8.07.27J
11.0
15.0
2.6
.5
1.2
1.31.51.2.9
1.1
1.33.0
4.25.55.9
6.16.76.87.37.2
7.38.09.08.89.0
8.98.79.29.7
10.3
15.116.6
18.619.821.524.025.9
26.431.532.436.6
41.0
2.5
1.6
3.8
3.65.8
10.76.33.1
2.42.2
3.34.76.3
6.99.3
10.811.211.7
11.712.714.115.516.1
15.917.117.919.420.4
22.124.025.527.628.0
28.129.930.232.538.3
40.939.138.245.9
49.0
0.2
1.23.89.35.62.5
1.7.9
1.21.5
1.63.04.24.13
2.82.73.03.43.7
3,63.93.94.03.9
4.04.03.53.43.3
3.34.04.44.95.3
6.37.07.3
2.3
1.1
3.1
2.42.01.3
'.S
.71.4
2.53.54.8
5.26.36.67.18.3
8.910.011.112.112.3
12.213.314.015.416.5
18.020.022.124.224,7
24.825.925.827.733.0
34.632.130.937.5
40.2
See next page for continuation of table.
282Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-44.—New construction activity, 1929-80—Continued
[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]
Year or month
1979:JanFebMarAprMayJune . ...
JulyAugSepto c f : . ; ::.:::„::. -:NovDec
1980:Ian
Mill
Mill
MM
I M
ill
: : : : :'
: :' :' ; :'
II
1 1
1
Mill
II
1 1
1
Mill
11-111 M
ill
Tntal
newconstruc-
tion
219.72131219.22180223.0225.7
231.0231.6235 3239.92394244.0
2596248.8237.1225.8218.9215.0
214.3215.1223.7226.2231.8
Private construction
Total
173.0170.7173.4172.4175.3179.0
181.3182.0184.3187.3187 4191.2
1981191.7180.6171.5164.8161.3
158.6162.1167.9171.1178.0
Residentialbuildingsl
Total2
101.498.697.196.696.297.7
98.598.9
100.4101.5101.8102.1
105 8101.594.083.577.073.4
74.378.684.487.493.5
Newhousing
units
81.577.976.376 876.878.4
79.079.380479.979 078.5
80 775.168.460.755.251.9
52.256.160.863.669.0
Nonresidential buildings and otherconstructionl
Total
71.672.176.475.979.081.3
82.883.183.985.885.689.1
92390.286.688.087.888.0
84.383.483.583.784.4
Commer-cial3
20.119.821.722.524.125.5
25.526.126.427.327.729.4
31.630.729.930.930.129.6
28.128.027.428.428.8
Indus-trial
13.314.315.314.614.714.8
15.914.214.715.615.815.9
15 815.713.913.614.215.0
13.313.013.113.013.3
Other4
38.238.039.338 840.241.0
41.442.842942.942 043.8
44 943.842.843.543.543.4
43.042.443.042.342.4
Public construction
Total
46.742.445.745647.746.7
49.749.650.952.652 052.9
61557.056.554.354.153.7
55.753.155!855.153.8
Federal
8.67.99.68.19.08.2
9.09.29.58.48.99.1
989.2
10.810.19.98.9
11.19.8
10.39.4
10.3
State andlocal»
38.134.536.237.438.738.5
40.740.341544.243143.8
51647.845.844.344.244.7
44.643.245.545.743.5
1 Beginning 1960, farm residential buildings included in residential buildings; prior to I960, included in nonresidential buildings andother construction.
2 Total includes additions and alterations and nonhousekeeping units, not shown separately.3 Office buildings, warehouses, stores, restaurants, garages, etc.4 Religious, educational, hospital and institutional, miscellaneous nonresidential, farm (see also footnote 1), public utilities, and all
other private.5 Includes Federal grants-in-aid for State and local projects.Source: Department of Commerce, Bureau of the Census.
283Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-45.—New housing units started and authorized, 1959-80
[Thousands of units]
Year or month
New housing units started
Private and public1
Total(farm andnonfarm)
Nonfarm
Private (farm and nonfarm)'
TotalType of structure
1 unit 2 to 4 5 unitsunits or more
New private housing unitsauthorized2
Total
Type of structure
1 unit 2 to 4units
5 units
1959..
19601961.1962.1963.1964.
1965.19661967.19681969 .
1970.19711972.19731974.,
1975197619771978..1979..
1979:JanFeb..MarApr .May .June.,
July . .Aug. .Sept.Oct. .Nov....Dec
1980:Jan .Feb .Mar.. .AprMay....June
July .Aug...Sept .Oct. .Nov....
1,553.7
1,296.11,365.01,492.51,634.91,561.0
1,509.71,195.81,321.91,545.41,499.5
1,469.02,084.52,378.52,057.51,352.5
1,171.41,547.61,989.82,023.31,749.2
88.484.7
153.3161.3189.1192.0
165.0171.4163.8169.0119.291.9
73.480.686.196.692.0
116.8
120.8130.2139.3153.7112.6
1,531.3
1,274.01,336.81,468.71,614.81,534.0
1,487.51,172.81,298.81,521.41,482.3
1,517.0
1,252.21,313.01,462.91,603.21,528.8
1,472.81,164.91,291.61,507.61,466.8
1,433.62,052.22,356.62,045.31,337.7
1,160.41,537.51,987.12,020.31,745.1
1,7271,4691,8001,7501,8011,910
1,7641,7881.8741,7101,5221,548
1,4191,3301,0411,030
9061,223
1,2651,4291,5411,5611,555
1,234.0
994.7974.3991.4
1,012.4970.5
963.7778.6843.9899.4810.6
812.91,151.01,309.21,132.0
888.1
892.21,162.41,450.91,433.31,194.1
283.0
257.4338.7471.5590.8
108.4 450.0
86.661.171.680.985.0
120.3141.3118.368.1
64.085.9
121.7125.0122.0
422.5325.1376.1527.3571.2
535.9780.9906.2795.0381.6
204.3289.2414.4462.0429.0
1,208.3
998.01,064.21,186.61,334,71,285.8
1,239.8971.9
1,141.01,353.41,323.7
1,351.51,924.62,218.91,819.51,074.4
939.21,296.21,690.01,800.51,551.8
938.3
746.1722.8716.2750.2720.1
709.9563.2650.6694.7625.9
646.8906.1
1,033.1882.1643.8
675.5893.6
1,126.11,182.6
981.5
77.1
64.667.687.1
118.9100.8
,84.861.073.084.385.2
88.1132.9148.6117.064.3
63.993.1
121.3130.6125.4
Seasonally adjusted annual rates
1,175•9971,2751,2731,2291,276
1,2221,2371.2371,139980
1,055
1,002786617628628757
1,0031,0591,037987
12193119113120123
130152123129114110
12710191100
80136142120160
431379406364452511
412399514442428383
290443333302198391
316290340404408
1,4751,4911,6921,5481,6481,639
1,5631,6221,6951,4781,2871,247
1,2711,168968789825
1,078
1,2361,3611,5641,3331,371
958922
1,1151,0441,0521,028
1,0151,011996905773776
780708556473495628
781857914819794
126103130122123132
13614313812999116
11911194638193
119131146134144
192.9
187.4273.8383.3465.6464.9
445.1347.7417.5574.4612.7
616.7885.7
1,037.2820.5366.2
199.8309.5442.7487.3444.8
391466447382473479
412468561444415355
372349318253249357
336373504380433
1 Units in structures built by private developers for sale upon completion to local public housing authorities under the Department ofHousing and Urban Development "Turnkey" program are classified as private housing. Military housing starts, including those financedwith mortgages insured by FHA under Section 803 of the National Mousing Act, are included in publicly owned starts and excluded from
2 Authorized by issuance of local building permit: in 16,000 permit-issuing places beginning 1978; in 14,000 places for 1972-77; in13,000 places for 1967-71; in 12,000 places for 1963-66; and in 10,000 places prior to 1963.
3 Not available separately beginning January 1970.Note.—-Only the series on private and public nonfarm housing units started is available prior to 1959. See 1976 "Economic Report"
for this earlier series.Source: Department of Commerce, Bureau of the Census.
284Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-46.—Nonfarm business expenditures for new plant and equipment, 1947-81
[Billions of dollars,- quarterly data at seasonally adjusted annual rates]
Year or quarter
194719481949
19501951195219531954
19551956195719581959
I9601961196219631964
196519661967196819*69
19701971197219731974
19751976197719781979
1980 319813
1979;
tiIllIV.
1980:1||IllIV3
1981:I3
II*'ZZZZZZZ!!'..'ZZZZ
Total
21.8025.4623.54
25.3230.8331.5933.5833.13
36.5844.7648.12421744.78
48.6347 8251.2853 2561.66
70.4382 2283.4288.4599.52
105.61108.53120.25137.70156.98
157 71171.45198 08231.24270.46
294.3032613
255 55265.24273.15284.30
291.89294.36296.23294.95
310.59323.84
Plant
8.4510 3510.20
10.9413.0813.1413 8214.09
15.9719 3420.9419 4119.89
20.94211222.1222 2324.96
27 2432 2132.2235.5140.54
44.2446 6049.3556.6664.29
65 21712080 3192.70105.73
102.58104.19106.58108.60
115.96116.50117 59
_
Ennintquip-ment
13.3515.1113.34
14.3717.7418.4519.7619.03
20.6025.4227.1922.7624.89
27.70267029.16310336.70
43.1950.0151.2052.9458.99
61.3661.9370.8981.0492.69
92 50100.25117 77138.54164.73
152.97161.04166.56175.70
175.93177.86178.64
: = :
Manufacturing
Total
8.739.257.32
7.7311.0712.1212.4312.00
12.5016.3317.5012.9813.76
16.3615 5316.0317 2721.23
25.41313732.2532.3436.27
36.9933.6035.4242.3753.21
54 9259.9569 2279.7298.68
114.90131.12
90.7594.71aoo.n106.57
111.77115.69116.40115.37
122.69130.57
Dura-ble
goods
3.393.542.67
3.225.125.755.715.49
5.878.198.596.216.72
8.287.437.818.6410.98
13.4917.2317.8317.9319.97
19.8016.7818.2222.7527.44
26.3328.4734.0440.4351.07
58.2566.00
46.3849.2552.1355.03
58.2859.3858.1957.42
60.2365.36
Non-durablegoods
5.345.714.64
4.515.956.376.726.51
6.628.158.916.777.04
8.088.108.228.6310.25
11.9214 1514.4214.4016.31
17.1916.8217.2019.6225.76
28.5931.47351839.2947.61
56.6565.12
44.3745.4747.9751.55
53.4956.3258.2157.96
62.4665.21
Plant and equipment
Total
13.0716.2116.22
17.5919.7619.4721.1621.13
24.0828.4330.6229.1931.02
32.2832 2935.2535.9940.43
45.0250.8451.1856.1163.25
68.6274.9384.8295.33103.78
102 79111.50128 87151.52171.77
179.40195.00
164.80170.52173.04177.73
180.13178.66179.83179.58
187.90193.27
Min-ing
0.69.93.88
.841.111.211.251.29
1.311.641.691.431.35
1.291261.411261.33
1.361421.381.441.77
2.022.672.883.314.62
6107.449 2410.2111.38
13.5016.04
11.2311.0111.4011.86
11.8912.8113.8615.25
16.0718.02
Nonmanufacturir
Transpor-tation
2.212.662.30
2.383.052.992.972.42
2.603.073.352.343.17
3.192.823.263.364.46
5.466.436.346.797.04
6.955.936.727.418.23
8.688.899.4010.6812.35
11.9812.96
11.4312.0212.6713.20
12.4712.0912.2311.25
11.5011.60
Pub-lic
utili-ties
1.642.673.28
3.423.753.964.614.23
4.264.785.955.745.46
5.405.205.125.335.80
6.497.829.3310.5211.70
13.0314.7016.2617.9719.83
19 9822.3726 7929.9533.96
34.6237.64.
32.4034.0235.0534.08
36.2635.0335.5831.95
36.7836.21
g
Tradeandserv-ices1
6.136.927.13
8.378.838.058.949.59
11.4913.6413.6814.1115.40
16.1516 5318.2718 5720.38
22.1324.6923.0225.3128.31
29.7734.2040.0045.5347.79
46 2349.3056 5468.6679.26
82.2887.83
76.0379.0378.8682.69
82.1781.0781.1984.87
84.0987.43
Com-munication
andother2
2.403^42.63
2.583.033.253 383.60
4.425 305.965 585.63
6.256 487.197 478.46
9.58104911.1112.0614.43
16.8517.4318.9621.1223.30
218023.5126 9032.0234.83
37.0240.54
33.7134.4435.0535.90
37.3437.6636.9736.26
39.4840.01
1 Wholesale and retail trade; finance, insurance, and real estate; and personal, business, and professional services.2 "Other" consists of construction; social services and membership organizations; and forestry, fisheries, and agricultural services.3 Planned capital expenditures reported by business in late October-December 1980, corrected for biases.Note,—Revised series; for details, see Sumy of Current Business, October 1980.Source: Department of Commerce, Bureau of Economic Analysis.
285Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-47.—Sales and inventories in manufacturing and trade, 1947-80
[Amounts in millions of dollars; monthly data seasonally adjusted]
Year or month
Total manufacturing andtrade
Sales' Inven-tories2 Ratio3
Manufacturing
Sales1 Inven-tories2 Ratio3
Merchant wholesalers
Sales' Inven-tories2 Ratio*
Retail trade
Sales' Inven-tories2 Ratio3
35,26033,788
38,59643,35644,84047,98746,443
51,69454,06355,87954,20159,729
60,82761,15965,66268,99573,682
80,28387,18790,34898,143105,042
107,475116,035130,049152,237175,741
180,263202,001224,786254,297288,388
274,091274,844283,741276,406286,413283,772
289,994293,167296,760298,452298,949302,117
312,458310,181305,165294,998292,478294,203
304,154308,019318,321325,838329,140
52,50749,497
59,82270,24272,37776,12273,175
79,51687,30489,05287,09392,129
94,71395,594101,063105,480111,503
120,907136,790145,335156,166169,841
178,337188,563203,161234,163285,519
285,035310,736337,432380,643426,796
385,379389,312392,630398,307401,945406,720
413,581417,130418,461422,710425,952426,796
431,420435,155439,114445,170445,801447,031
449,510451,951454,566456,532458,235
1.421.53
1.361.551.581.581.60
1.471.551.591.601.50
1.561.541.501.491.47
1.451.471.561.541.55
1.621.581.501.431.47
1.581.481.441.411.41
1.411.421.381.441.401.43
1.431.421.411.421.431.41
1.381.401.441.511.521.52
1.481.471.431.401.39
15,51317,31616,126
18,63421,71422,52924,84323,355
26,48027,74028,73627,24730,286
30,87930,92333,35735,05837,331
40,99544,87046,48750,26853,540
52,83255,92563,04272,95484,821
86,61798,810110,842124,714141,000
135,213135,718141,039134,398141,783139,050
142,094142,708143,614145,547144,326146,289
152,088152,889150,081143,596141,515141,573
145,678146,643152,764156,697158,386
25,89728,54326,321
31,07839,30641,13643,94841,612
45,06950,64251,87150,24152,945
53,78054,88558,18660,04663,409
68,18577,95284,65990,61798,210
101,667102,677108,296124,672157,915
158,178170,156180,224198,334228,258
201,143203,819205,752209,175210,881213,942
216,120218,669221,341223,476226,483228,258
232,294235,096238,522242,540243,402243,630
244,105243,517243,615242,876244,186
1.581.571.75
1.481.661.781.761.81
1.621.731.801.841.70
1.751.741.701.691.64
1.601.621.761.741.77
1.901.831.671.581.65
1.831.661.591.521.52
1.491.501.461.561.491.54
1.521.531.541.541.571.56
1.531.541.591.691.721.72
1.681.661.591.551.54
6,8086,514
7,6958,5978,7829,0528,993
9,89310,51310,47510,25711,491
11,65611,98812,67413,38214,529
15,61116,98719,44820,84622,609
23,94326,25729,58436,82245,836
44,633
53,50962,84273,551
67,58567,86070,65770,40272,33872,629
74,77875,58876,48077,32278,20378,678
80,90679,29978,55076,39176,37676,629
80,18982,60685,47088,53288,821
7,9577,706
9,2849,88610,21010,68610,637
11,67813,26012,73012,73913,879
14,12014,48814,93616,04817,000
18,31720,76525,37726,60429,114
32,80335,82339,78646,25456,537
55,11361,30767,99880,77189,676
81,49882,70083,55884,63284,90485,406
87,66288,28088,37288,819
89,676
90,69091,34291,49792,37892,56293,633
94,61997,11198,11199,27599,879
1.131.19
1.071.161.121.171.18
1.131.191.231.241.15
1.221.201.161.151.14
1.151.151.251.251.23
1.291.301.271.171.12
1.241.211.211.191.17
1.211.221.181.201.171.18
1.171.171.161.151.141.14
1.121.151.171.211.211.22
1.181.181.151.121.12
10,20011,13511,149
12,26813,04613,52914,09114,095
15,32115,81116,66716,69617,951
18,29418,24919,63020,55621,823
23,67725,33024,41327,03028,893
30,70033,85337,42242,46145,083
49,01354,78460,43566,74173,837
71,29371,26672,04571,60672,29272,093
73,12174,87176,66675,58376,42177,150
79,46477,99376,53475,01174,58776,001
78,28778,77080,08780,60981,93380,830
14,24116,00715,470
19,46021,05021,03121,48820,926
22,76923,40224,45124,11325,305
26,81326,22127,94129,38631,094
34,40538,07335,29938,94542,517
43,86750,06355,07963,23771,067
71,74479,27389,210101,538108,862
102,738102,793103,320104,500106,160107,372
109,799110,181108,748110,415110,383108,862
108,436108,717109,095110,252109,837109,768
110,786111,323112,840114,381114,170
1.261.391.41
1.381.641.521.531.51
1.431.471.441.431.40
1.451.431.381.391.40
1.391.441.431.381.41
1.411.411.401.401.48
1.441.381.391.431.45
1.441.441.431.461.471.49
1.501.471.421.461.441.41
1.361.391.431.471.471.44
1.421.411.411.421.39
1 Monthly average for year and total for month.2 Seasonally adjusted, end of period.3 Inventory/sales ratio. For annual periods, ratio of weighted average inventories to average monthly sales; for monthly data, ratio of
inventories at end of month to sales for month.Note.—Earlier data are not strictly comparable with data beginning 1958 for manufacturing and beginning 1967 for wholesale and
The inventory figures in this table do not agree with the estimates of change in business inventories included in the gross nationalproduct since these figures cover only manufacturing and trade rather than all Dusiness, and show inventories in terms of current bookvalue without adjustment for revaluation.
Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).
286Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-48.—Manufacturers' shipments and inventories, 1947-80
[Millions of dollars; monthly data seasonally adjusted]
Year or month
1947 ..1948..1949...
1950 ..1951..19521953 .1954 ,
1955.1956..1957..1958..1959
I9601961.1962 .19631964 .
1965196619671968.1969.
1970 ..1971. ..1972 ..1973 .. .1974 .. .
1975197619771978 .1979
1979:Jan..Feb.Mar...Apr....May.June.
July .Aug...Sept..Oct..NovDec .
1980:JanFeb..Mar.
fc:June..July .Aug .SeptOct..N o v .
Shipments1
Total
15,51317,31616,126
18,63421,71422,52924,84323,355
26,48027,74028,73627,24730,286
30,87930,92333,35735,05837,331
40,99544,87046,48750,26853,540
52,83255,92563,04272,95484,821
86,61798,810110,842124,714141,000
135,213135,718141,039134,398141,783139,050
142,094142,708143,614145,547144,326146,289
152,088152,889150,081143,596141,515141,573
145,678146,643152,764156,697158,386
Dura-ble
indus-tries
6,6947,5797,191
8,84510,49311,31313,34911,828
14,07114,71515,23713,56315,609
15,88315,61617,26218,28019,637
22,22124,64925,26727,69829,477
28,21529,97334,04339,70344,253
43,67850,69758,01066,50573,981
72,77973,33575,76371,19975,51572,797
73,87574,36374,20175,54473,75174,191
77,94879,15975,92572,20769,44369,056
72,54472,05776,57179,49780,268
Non-durablegoodsindus-tries
8,8199,7388,935
9,78911,22111,21611,49411,527
12,40913,02513,49913,68414,677
14,99615,30716,09516,77817,694
18,77420,22021,22022,57024,064
24,61725,95228,99933,25140,568
42,93948,11352,83258,21067,019
62,43462,38365,27663,19966,26866,253
68,22068,34569,41470,00370,57472,098
74,14073,73074,15671,38972,07.272,517
73,13474,58676,19377,20078,118
Inventories2
Total
25,89728,54326,321
31,07839,30641,13643,94841,612
45,06950,64251,87150,24152,945
53,78054,88558,18660,04663,409
68,18577,95284,65990,61798,210
101,667102,677108,296124,672157,915
158,178170,156180,224198,334228,258
201,143203,819205,752209,175210,881213,942
216,120218,669221,341223,476226,483228,258
232,294235,096238,522242,540243,402243,630
244,105243,517243,615242,876244,186
Durable goods industries
Total
13,06114,66213,060
15,53920,99123,73125,87823,710
26,40530,44731,72830,25832,077
32,37132,54434,63235,86638,506
42,25749,92054,99658,87164,739
66,79066,31370,30881,426
101,866
101,766109,095115,751129,456151,689
131,892134,021135,266137,851139,325141,480
143,141144,658146,048148,136150,476151,689
154,043155,314157,127159,877160,607160,404
160,875161,081160,691160,137160,865
Mate-rialsand
supplies
8,9667,894
19,19410,41710,60810,03210,776
10,35310,27910,81011,06811,970
13,32515,48916,45417,38918,710
19,19819,77820,89326,06235,228
33,62936,56238,78541,48048,857
42,17842,75143,49343,90444,43044,803
45,52446,37846,41747,36248,41648,857
49,62750,24850,34751,08650,66550,177
50,03249,13649,00748,72248,796
Workm
proc-
10,7209,721
10,75612,31712,83712,38713,063
12,77213,20314,15914,87116,191
18,07521,93925,00127,31430,377
29,83628,65430,81935,54642,683
42,92344,84347,03055,52366,837
56,32657,22657,72059,00959,95061,411
61,92762,60763,81064,85966,14566,837
67,95168,39769,58570,59471,41171,891
72,12673,11373,20973,03773,693
Finishedgoods
6,2066,040
6,3487,5658,1257,8398,239
9,2459,0639,6629,92510,344
10,85412,49113,54214,16715,651
17,75617,88218,59719,81823,956
25,21427,69029,93732,45435,994
33,38834,04534,05434,93834,94435,267
35,69135,67135,82135,91435,91635,994
36,46536,66937,19538,19738,53138,336
38,71738,83238,47538,37838,376
Nondurable goods industries
Total
12,83613,88113,261
15,53918,31517,40518,07017,902
18,66420,19520,14319,98320,868
21,40922,34123,55424,18024,903
25,92828,03229,66231,74633,471
34,87736,36437,98743,24556,048
56,41261,06164,47268,87876,569
69,25169,79870,48571,32371,55672,462
72,97974,01175,29375,34076,00776,569
78,25179,78281,39582,66382,79583,226
83,23082,43682,92482,73983,321
Mate-rialsand
supplies
8,3178,167
8,5568,9718,7758,6629,080
9,0829,4939,8139,978
10,131
10,44811,15511,71512,28912,726
13,15413,68014,67618,13423,689
23,19925,05625,31626,71930,257
27,08427,35327,66928,04028,05828,269
-28,52729,10929,35329,64430,08430,257
30,87331,41831,96732,32232,40632,338
32,31431,46131,91832,13932,278
Workin
proc-
2,4722,440
2,5712,7212,8642,8282,944
2,9463,1103,2963,4063,511
3,8064,2044,4234,8495,124
5,2755,6695,9836,7138,179
8,6929,576
10,15210,72911,774
10,85910,97810,99411,14211,22211,380
11,52211,62111,88811,86011,89411,774
12,06512,26912,68712,77412,70812,611
12,63412,62012,72512,55112,790
Finishedgoods
7,4097,415
7,6668,6228,6248,4918,845
9,3809,738
10,44410,79611,261
11,67412,67313,52414,60815,621
16,44817,01517,32818,39824,180
24,52126,42929,00531,43034,538
31,30931,46731,82232,14132,27632,813
32,93033,28134,05233,83634,02734,538
35,31336,09536,74137,56737,68138,277
38,28238,35538,28138,04938,253
1 Monthly average for year and total for month.2 Book value, seasonally adjusted, end of period.Note.—Data beginning 1958 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.
287Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-49.—Manufacturers' new and unfilled orders, 1947-80
[Amounts in millions of dollars; monthly data seasonally adjusted]
Year or month
New orders*
Total
industries
Total
Capitalgoodsindus*tries,non-
defense
Non-durable
;oodsgoodindusti
Unfilled orders2
TotalDurablegoods
industries
Non-durable
industries
Unfilled orders—shipmentsratio3
TotalDurablegoods
Industries
Non-durablegoodsindus-tries
1947...1948...1949.
19501951..195219531954 .
1955.1956..1957..1958.1959.
1960.196119621963..1964..
19651966.1967 .19681969
197019711972,.19731974
1975..1976...1977.19781979
1979:JanFeb...Mar...
fc..June.July..,Aug .SeptOct.Nov..Dec
1980:JanFeb.. .Mar.May"June.
July..Aug..SeptOclNov *.,
15,25617,69315,614
20,11023,90723,20423,58622,335
27,46528,36827,55927,00230,724
30,23531,10433,43635,52438,357
42,10046,40247,06250,68453,967
52,06855,99064,16276,18387,157
85,08299,184112,451128,488144,335
140,822143,138146,836139,232143,302142,386
142,620143,615147,378146,610146,996149,232
155,588154,603152,065143,313138,920138,582
147,104147,180155,262158,054159,629
6,3888,1266,633
10,16512,84112,06112,14710,768
14,99615,36514,11113,29016,003
15,30315,75917,37418,70920,652
23,27826,17725,83128,11329,887
27,41830,00435,05942,85346,740
41,95751,04759,56270,14577,215
78,68480,43081,64975,92777,03776,028
74,58574,76277,64776,52175,90377,199
81,46781,02177,54672,41667,32866,454
74,22872,22978,96080,69381,756
7,0707,746
6,8007,5178,80311,08912,737
10,77212,50115,08418,30821,643
21,22622,48323,60420,60021,12921,704
21,22721,07721,57821,07321,75422,285
23,85921,48022,59022,16219,58919,954
21,60819,37120,86020,61821,980
9,5668,981
9,94511,06611,14311,43911,566
12,46913,00313,44813,71214,720
14,93215,34516,06116,81517,705
18,82320,22521,23122,57124,079
24,65025,98629,10433,33040,417
43,12548,13752,88958,34467,120
62,13862,70865,18763,30566,26466,359
68,03568,85469,73170,08971,09272,033
74,12173,58274,51970,89771,59272,128
72,87674,95176,30277,36177,873
34,47330,73624,045
41,45667,26675,85761,17848,266
60,00467,37553,18347,37052,732
45,08047,40748,57754,32766,882
80,07198,401105,030109,912115,142
105,916106,772120,395159,468187,574
169,126173,646193,561239,321279,710
244,930252,350258,148262,981264,500267,837
268,362269,269273,033274,097276,767279,710
283,211284,924286,907286,629284,033281,044
282,463282,997285,497286,849288,094
28,57926,61919,622
35,43563,39472,68058,63745,250
56,24163,88050,35244,55949,373
42,51444,37545,96551,27063,691
76,29894,575101,058105,935110,969
101,323101,744114,059152,089182,037
161,286165,509184,708228,819267,879
234,725241,820247,706252,433253,956257,187
257,897258,295261,742262,719264,871267,879
271,399273,263274,884275,098272,981270,383
272,062272,231274,622275,813277,300
5,8944,1174,423
6,0213,8723,1772,5413,016
3,7633,4952,8312,8113,359
2,5663,0322,6123,0573,191
3,7733,8263,9723,9774,173
4,5935,0286,3367,3795,537
7,8408,1378,852
10,50211,831
10,20510,53110,44210,54810,54410,650
10,46510,97411,29111,37811,89611,831
11,81211,66112,02311,53111,05210,661
10,40110,76610,87511,03610,794
3.42
3.633.873.353.093.01
2.782.632.692.803.10
3.333.813.713.843.74
3.643.373.293.874.12
3.693.203.163.353.67
3.433.513.443.693.523.64
3.573.583.633.573.663.67
3.533.533.623.753.833.82
3.713.763.563.513.49
4.12
4.274.554.003.693.54
3.373.133.243.373.72
3.954.554.424.644.48
4,384.043.894.584.94
4.423.833.773.924.35
4.054.134.044.394.184.32
4.264.244.314.234.354.35
4.204.174.304.504.614.60
4.484.524.264.184.15
0.96
1.121.04.85.86,94
.72,79.68.73.72
.80
.76
.73
.69
.69
.77
.77
.88
.93
.64
.83
.74
.73
.80
.81
.76
.79
.75
.77
.74
.75
.71
.76
.78
.78
.81
.81
.75
.77
.79
.76
.74
.71
.68
.72
.69
.71
.69
1 Monthly average for year and total for month.2 Seasonally adjusted, end of period.3 Ratio of unfilled orders at end of period to shipments for period; excludes industries with no unfilled orders. Annual figures relate
to seasonally adjusted data for December.Note.—Data beginning 1958 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.
288Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PRICES
TABLE B-50.—Consumer price indexes, major expenditure classes, 1929-80
[1967 = 100]
Year or month
1929 ..19331939. . . .
1940 . .1941 . . . .19421943.194419451946.194719481949. .
195019511952.. ..19531954. . ..19551956 . .. .195719581959
1960196]19621963196419651966 . .196719681969
19701971 . .1972 .1973... „1974 .19751976197719781979.1979:
Jan.FebMar. . .AprMay .JuneJulyAug.SeptOct.. ..NovDec
1980.Jan. .FebMar . . .
XvJuneJuly . ...AugSeptOctNov
Allitems
51.338.841.6
42.044.148.851.852.753958.566 972.171.4
72.177.879.580.180.580.281.484 386.687.3
88.789.690.691.792.994 597.2
100.0104 2109.8
116.3121.3125.3133.1147.7161.2170.51815195.4217.4
204.7207.1209.1211.5214.1216.6218.9221.1223.4225.4227 5229.9
233.2236.4239.8242.5244.9247.6247.8249.4251.7253.9256.2
Food and
beverages
Total >
..."""'.
103 6108.8
114.7118.3123.2139.5158.7172.1177.4188.0206.3228.5
218.3222.4224.4226.3228.2229.3230.7230.2231.0232.12331235.5
237.5238.6241.0242.8244.1245.7248.3252.0254.2255.5257.4
Food
48.330 634.6
35.238.445.150.349.650.758.170.676.673.5
74.582.884.383.082.881.682.284.988.587.1
88.089.189.991.292.494 499.1
100.0103.6108.9
114.9118.4123.5141.4161.7175.4180.8192.2211.4234.5
223.9228.2230.4232.3234.3235.4236.9236.3237.1238.2239.1241.7
243.8244.9247.3249.1250.4252.0254.8258.7261.1262.4264.5
Housing
Total2
52Y
52.453.756.256.858.159160.665.269.870.9
72.877.278.780.881.782.383.686.287.788.6
90.290.991.792.793.894 997.2
100.0104 0110.4
118.2123.4128.1133.7148.8164.5174.6186 5202.8227.6
213.1215.6217.6219.8222.4225.5228.4231.5234.6237.7240 8243.6
247.3250.5254.5257.9261.7266.7265.1265.8267.7271.1273.8
Rent,resi-
dential
76.0541560
56.257.258.558.558.658.859.261.165.168.0
70.473.276.280.383.284.385.987.589.190.4
91.792.994.095.095.996 998.2
100.0102.4105.7
110.1115.2119.2124.3130.6137.3144.7153.5164.0176.0
170.3171.0171.3172.0173.8174.7175.9177.5179.0181.41821182.9
184.1185.6186.6187.0188.9191.1192.1193.2195.1197.1198.3
Homeowner-
ship
75.076.377.078.381783.584.4
86.386.987.989.090.892 796.3
100.0105.7116.0
128.5133.7140.1146.7163.2181.7191.7204 9227.2262.4
241.6245.6248.2251.7254.9258.8263.0267.6271.9276.7282 4286.9
292.5296.3302.0307.7312.9320.4315.4315.4317.6323.8329.4
Fuel andother
utilities3
83.083.585.187.389.991.793.8
95.997.197.398.298.498398.8
100.0101.3103.6
107.6115.0120.1126.9150.2167.8182.7202 2216.0239.3
221.5223.3225.9227.5232.2239.0243.5247.2251.2252.9252 0255.1
258.6263.8268.0270.5275.9282.2285.5286.8288.2287.6285.7
Appareland
upkeep
48.536942.4
4^.844.852.354.658.561.567.578.283.380.1
79.086.185.384.684.584.185.887.387.588.2
89.690.490.991.992.793 796.1
100.0105.4111.5
116.1119.8122.3126.8136.2142.3147.6154.2159.6166.6
160.7161.4164.3165.4166.1165.7164.3166.3169.8171.0171.7172.2
171.0171.9176.0177.3177.5177.2176.2178.6182.2183.9184.8
Trans-portation
43.0
42.744.248.147.947.947 850.355 561.866.4
68 272.577.379.578.377.478.883.386.089.6
89.690.692.593.094.395 997.2
100.0103.2107.2
112.7118.6119.9123.8137.7150.6165.5177 2185.5212.0
193.9195.6198.1202.9207.7212.6216.6219.6221.4222.7224 9227.7
233.5239.6243.7246.8249.0249.7251.0252.7254.7256.1259.0
Medicalcare
36.7
36.837.038.039 941142144.448151.152.7
53.756.359.361.463.464 867 269.973.276.4
79.181.483.585.687.389 593.4
100.0106.1113.4
120.6128.4132.5137.7150.5168.6184.7202 4219.4239.7
230.7232.6233.9235.1236.3237.7239.9241.8243.7245.9248.0250.7
253.9257.9260.2262.0263.4264.7266.6268.4270.6272.8274.5
Enter-tainment
ib'6"6"105.7111.0
116.7122.9126.5130.0139.8152.2159.8167.7176.6188.5
182.3183.2184.8186.5187.8188.2189.1190.2191.1192.0192.8193.4
195.3197.8200.6202.5204.0205.3206.6208.0209.8210.9211.2
Othergoodsand
services
ioo.o105.2110.4
116.8122.4127.5132.5142.0153.9162.7172.2183.3196.7
190.5191.9192.8193.2193.9194.5195.2197.0201.7202.3202.9204.0
206.3208.1208.9209.8211.2212.5213.5214.5220.6221.5222.8
Ener-gy1*
1
90.190.391.8
94.294.494.795 094.6963978
100.0101.5104.2
107.0111.2114.3123.5159.7176.6189.3207.3220.4275.9
231.5235.0241.2250.2260.8275.4287.1296.3304.3307.5307.8313.7
327.9344.6355.0358.8363.2367.8370.4370.7370.1368.0366.1
1 Includes alcoholic beverages, not shown separately.2 Includes other items, not shown separately. Series beginning 1967 not comparable with series for earlier years.3 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and other utilities and public services.4 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and gasoline, motor oil, coolant, etc.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of Labor Statistics.
289Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-51.—Consumer price indexes, selected expenditure classes, 1939-80
[1967-100]
Year ormonth
1939
1940 .1941...19421943'"19441945..!1946194719481949
1950195 l l* .19521953!!!!',195419551956195719581959
19601961196219631964....1965....1966...19671968!!!!!!1969
1970197119721973197419751976!!!!!!197719781979
1979:JanFebMarApr r
MayJune
JulyAugSeptOctNovDec
1980:JanFebMar
i/ay!!!!!!!!!!June
JulyAugSept'!!OctNov
Total
100.0103.6108,8
114.7118.3123.2139,51587172.1177.4188.0206.3228.5
218.3222.4224.4226.3228.2229.3
230.7230.2231.0232.1233.1235.5
237.5238.6241.0242.8244.1245.7
248.3252.0254.2255.5257.4
Food and beverage
Food
Total
34 6
35.238.445.150349 650.758.170.676 673.5
74 582.884 383.082.881.682.284,988,587.1
88.089.189.991.292.494.499.1
100.0103.6108.9
114.9118.4123.5141.4161.7175.4180.8192.2211.4234.5
223.9228.2230.4232.3234.3235.4
236.9236.3237.1238.2239.12417
243.8244.9247.3249.1250.4252.0
254.8258.7261.1262.4264.5
Athome
*ni79.876.7
77 686.387 886.285.884.184.487.291.088.8
89.690.491.092.293.295.5
100.3100.0103.2108.2
1137116.4121.6141,4162.4175.8179.5190.2210.2232.9
223.1228.0229.9231,7233.4234.2
235.5233.9234.7235.4236.02387
240.6241.3243.6245.3246.5248.0
251.5256.3258.9260.0262.1
Awayfromhnmonome
68.970.170.872.274.977.279.3
81.483.285.487.388.990.995.1
100.0105.2111.6
119.9126.1131.1141.4159.4174.3186.1200.3218.4242.9
230.2233.4236.0238.4241.12427
244.9246.5247.6249 6251.3253.4
256.1258.3260.9263.0264.6266.6
267.8269.5271.4273.1275.3
Homeownership
Total
75.076.377.078.381783.584.4
86.386.987.989.090.892.796.3
100.0105.7116.0
128.5133.7140.1146.7163.2181.7191.7204.9227.2262.4
241.6245.6248.22517254.9258.8
263.0267.6271.9276 7282.4286.9
292.5296.3302.0307.7312.9320.4
315.4315.4317.6323.8329.4
UAMA
nomepur-
chase
' ' ' 86.587.187 387.690.091.3913
91892 393.294 295,797.098.6
100.0102.8109.5
118.3124.8130.013271427160.3168.4179.5196.7223.1
208.1210.9212.7215.4217.6220.9
224.0226.9229.8233 4237.3239.9
242.1243.0244.0246.52497252.6
253.9258.1261.5265.5267.3
Financ-ing,taxes,and
insur-ance
100.0108.31237
142.3143.5150.8160.6181.1201.9212.8227.2257.8308.9
276.6283.52877292.1297.2302.2
308.6316.4323.0330 5340.1348.3
359.83677379.9390.6399.7416.1
399.6393.6393.5404.7416.9
Mainte-nanceand
repair
71.272.474.177.280.581.883.2
84.685.986.587.789.591.395.2
100.0106.1115.0
124.013371407151.0171.6187.6199.6214.7233.0256.4
245.2245.9247.5250.6252.4255.5
257.9259.7262.5264 7266.4268.3
270.62737278.8282.9284.9285.9
287.6288.5291.6292.8294.2
Fuel and other utilities
Total
83.083.585.187.389.991793.8
95.997.197.398.298.498.398.8
100.0101.3103.6
107.6115.0120.1126.9150.2167.8182.7202.2216.0239.3
221.5223.3225.9227.5232.2239.0
243.5247.2251.2252 9252.0255.1
258.6263.8268.0270.5275.9282.2
285.5286.8288.2287.6285.7
Household fuels
Total
101.4103.4
107.9115.3120.1128.41607183.8202.3228.6247.4286.4
256.3259.3264.0266.8274.6286.2
293.82997306.6310 3307.0311.8
318.0327.1333.9337.8346.4355.8
360.8362.5364.5362.8358.7
Fueloil
coal,and
bottledgas
37.1
38.240.543.145.247.148.051.358.468,670.3
72 776.57808l!581.282.385.990.388789.8
89.291.091.593.292794.697.0
100.0103.1105.6
110.1117.5118.5136.0214.6235.3250.8283.4298.3403.1
316.4326.1339.5349.8364.3391.2
412.9438.6461.6470 8477.4488.0
514.0539.1553.4556.4556.05587
560.4561.5561.5558.7567.0
Gasandelec-tricity
82.9
82.181.481.080.680.379.677.477.179.181.0
81.281.582.684.285.387.588.489.392.4947
98.699.499.499.499.499.499.6
100.0100.9102.8
107.31147120.5126.4145.8169.6189.0213.4232.6257.8
239.5241.2244.0245.3251.6259.9
264.5266.5270.1272 5267.3270.8
273.0278.8284.0288.0298.2308.8
314,3316.1318.4317.1310.5
Otherutilities
andpublicserv-ices
iod,'o101.2104.0
107.41147120.6124.1130.3137.1145.4152,0158.3159.5
159.0159.0158.8158.8159.0159.2
159.4159.8159.8158 8161.0161.9
161.5161.3161.9162.3163.1164.9
165.9166.5167.1167.8169.0
See next page for continuation of table.
290Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-51.—Consumer price indexes, selected expenditure classes, 1939-80—Continued
[1967=100]
Year or month
1939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969 ....
19701971197219731974197519761977197819791979:JanFebMar ...AprMay::..:...:.::..:...:::::"..:.JuneJulyAuesept:::::::::.: „• . : : : v
NovDec
1980:Jan . . . . .FebMarAprMayJuneJulvAugSeptOctNov
Total
43.0
42.744.248.147.947.947.850.355.561.866.4
68.272.577.379.578.377.478.883.386.089.6
89.690.692.593.094.395.997.2100.0103.2107.2
112.7118.6119.9123.8137.7150 6165.5177.2185.5212.0
193.9195.61981202 9207.7212.6216 6219.6221.4222 7224 9227.7
233.5239 6243.7246.8249 0249.7251.0252.7254 72561259.0
Transportatior
Private
Total
44.2
43 645.952 351.451.451.354.361.568.272.3
72.575 880.882.480.378 980.184 787.491.1
90.691.393.093.494.796.397.51000103.0106.5
111.1116.6117.5121.5136.6149 8164.6176.6185.0212.3
193.8195 51981203 2208.1213.3217 4220.4222.02231225 0227.5
233 5239 8244.0247 0249 2249.7250.5251.6253 2254 5257.4
Newcars
43.2
43,346.6
69275.682.8
83.487 494 995.894.390.993.598.4101.5105,9
104,5104.5104.1103,5103.2100.999.1100.0102.8104.4
107.6112.0111.0111.1117.5127 6135.7142.9153.8166.0
161.2162.3162 7164 3165.8166.3166 7166.6166.1167.5170 6171.7
173 9175 3175.0177.0178 9178.5179.2181.1181.71819184.3
Usedcars
. :::
89.2"75.971869.177 480.289.5
83.686.994.896.0100.199.497.010000)
103.1
104.3110.2110.5117.6122.6146 4167.9182.8186.5201.0
193.6193 4195 4200 0205.4208.9209 2207.0202.9199 9198 4198.2
197 2195 3195.2196.7199 3200.7203.4206.4214 6222 7230.8
Gaso-line
49.0
48150.553 454.054.253.854.962.270.472.3
71.873 975.880.382.583 686.590 088.889.9
92.591.491.991.891.494.997.0100 0101.4104.7
105 6106.3107.6118.1159.9170 8177.9188.2196.3265.6
209.1213 0220 6234 7247.7265.0280 0292.03010303 8306 9313.9
334 6357 6370.9374 7375 4376.2376.7375.9373 0370 5370.5
Auto-mobilemainte-nanceandrepair
43.1
43.044.948.849.450.050.452.056.459.661.1
62.367.068.672.374.876.579.582.483.785.5
87.289.390.491.692.894.596.2100.0105.5112.2
120.6129.2135.1142.2156.8176.6189.7203.7220.6242.6
231.3233.9236.3238 2240.1242.0244.0245.7247.1249.1250.8252.6
255.1258.2260.9264.3266.1267.3269.0271.1273.8276.0278.4
Other
iod.6103.4109.7
119.2128.4129.1127.8132.4141.2163.1177.3184.6198.6
191.4192.5193.4194 8196.4297.3198 5200.5201.7203.7205 5207.5
209.8212.6. 216.5223.3224.5225.0224.5224.7226.0226.5228.8
Publictranspor-tation
33.1
33133.133 333.433.533.534.436.040.745.2
48.954 057.561.365.567 470.072 776.178.3
81.084.687.488.590.191.995.2100 0104.6112.7
128.5137.7143.4144.8148.0158.6174.2182.4187.8200.3
190.0190.71915192 6193.3194.0197 1200.8205.2209.1216.5223.0
226.8229 5232.1235.9239.5242.2250.5261.5271.0273.6277.0
Medical care
Total
36.7
36.837.038.039.941.142.144.448.151.152.7
53.756 359.361.463.464.867.269.973.276.4
79.181.483.585.687.389.593.4100.0106.1113.4
120.6128.4132.5137.7150.5168.6184.7202.4219.4239.7
230.7232.6233.9235.1236.3237.7239.9241.8243.7245.9248.0250.7
253.9257.9260.2262.0263.4264.7266.6268.4270.6272.8274.5
Medicalcarecom-
modities
71.1
70 871.473 073.574.374.876.281.886.187.4
88.591091.892.693.794 796.799 3102.8104.4
104.5103.3101.7100.8100.5100.2100.5100 0100.2101.3
103.6105.4105.6105.9109.6118 8126.0134.1143.5153.8
148.8150.1150.7151.6152.4153.3154.1155.0155.8156.6157.8159.2
160.5162.1163.5164.9166.4167.9169.1170.2171.3172.5173.8
Medi-calcareserv-ices
32.5
32 532.733 735.436.937.940.143.546.448.1
49.251 755.057,058.760 462.865 568.772.0
74.977.780.282.684.687.392.0100 0107.3116.0
124 2133.3138.2144.3159.11791197.1216.7235.4258.3
248.3250.4251.8253 1254.4255.9258.5260.6262.8265.3267.6270.7
274.4279 0281.5283.4284.7285.9288.0289.8292.3294.8296.6
1 Not available.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of'Labor Statistics.
291Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-52.—Consumer price indexes by commodity and service groups, 1939-80
[1967=100]
Year or month
1939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
196019611962.... . .19631964....19651966196719681969
197019711972197319741975....1976....197719781979
1979:JanFebMar.
i S & ' "*::::::June
JulyAugSept. ..OctNovDec .
1980.JanFebMarApr .MayJune
JulyAug . . . .SeptOctNov
Allitems
41.6
42.044.148.851852.753.958.566.972.171.4
72177.879 580.180.580.281.484.386.687.3
88.789.690.691792.994.597.2
100.0104.2109.8
116.3121.3125.3133.1147.7161.2170.5181.5195 4217.4
204 7207.1209.1211.5214.1216.6
218.92211223.4225 4227.5229.9
233.2236.4239.8242.5244.9247.6
247.8249.4251.7253.9256.2
Commodities
Allcom-
modities
40.2
40.643.349.654.054.756.362.475.080.478.3
78885.987 086.785.985.185.988.690.690.7
91.592.092.893.6
,94,6/ 95.7
98.2100.0103.7108.4
113.5117.4120.9129.9145.5158.4165.2174.71871208.4
195.8198.3200.5203.3205.8208.4
210.5212 2214.1215 6217.4219.4
222.4225.2228.0229.9231.4232.8
234.1236.7239.0240.7242.5
Food
34.6
35.238.445.150.349.650.758.170.676.673.5
74 582.884 383.082.881.682.284.988.587.1
88.089.189.991292.494.499.1
100.0103.6108.9
114.9118.4123.5141.4161.7175.4180.8192.22114234.5
223.9228.2230.4232.3234.3235.4
236.9236 3237.1238 2239.1241.7
243.8244.9247.3249.1250.4252.0
254.8258.7261.1262.4264.5
Commodities less food
All
47.7
48.050.456.058.461.664.168.176.882.781.5
81.487.588 388!587,586.987.890.591.592.7
93.193.494.194.895.696.297.5
100;0103.7108.1
112.5116.8119.4123.5136.6149.1156.6165.1174 7195.1
181.9183.7185.9188.9191.6194.7
197.0199 5201.8203 42054207.2
210.4213.8216.7218.6220.2221.4
222.2224.2226.6228.3230.0
Durable
48.5
48.151.458.460.365.970.9•74.180.386.287.4
88.495.196 495.793.391.591.594.495.997.3
96.796.697.697.998.898.498.5
100.0103.1107.0
111.8116.5118.9121.9130.6145.5154.3163.2173 9191.1
182.0183.6184.9187.2189.2191.1
192.6193 6194.5196 0198.4199.8
201.3202.1203.0204.9207.1208.6
209.8212.4215.3218.1220.6
Non-durable
44.3
44.746.751.653.856.658.662.972.277.876.3
76 282.082 483.183.583.585.387.688.289.3
90.791.291.892 793.594.897.0
100.0104.1108.8
113.1117.0119.8124.8140.9151.7158.3166.5174 3198.7
1803182.2185.7189.6193.2197.6
201.1205 4209.621132123215.2
220.5227.3232.6234.6235.5236.3
236.6237.8239.3239.6240.5
Altservices
43.5
43.644.245.646.447.548.249.151.154.356.9
58.761.864.567.369.570.972.775.678.580.8
83.585.286.888.590.292.295.8
100.0105.2112.5
121:6128.4133.3139.1152.1166.6180.4194.3210 9234^2
221.1223.3225.1227.0229.5232.1
234.7237 6240J243 6246.2249.3
253.1256.8261.3265.3269.2274.2
272.4272.5274.8277.9280.9
Services
Rent
56.0
56.257.258.558.558.658.859.261.165.168.0
70473.276 280.383.284.385.987.589.190.4
91.792.994.095.095.996.998.2
100.0102.4105.7
110.1115.2119.2124.3130.6137.3144.7153.5164 0176.0
170.3171.0171.3172.0173.8174.7
175.9177 5179.0181 4182.1182.9
184.1185.6186.6187.0188.9191.1
192.1193.2195.1197.1198.3
Serv-iceslessrent
38.1
38.138.640.342.144.245.146.749.051.954.5
56 059.362 264.866.768.270.173.376.479.0
81.983.985.587.389.291.595.3
100.0105.7113.8
123.7130.8135.9141.8156.0171.9186.8201.6219 4244.9
230 4232.9235.0237.1239.8242.6
245.6248 8252il255 1258.2261.6
266.1270.2275.4280.0284.4290.0
287.6287.4289.8293.2296.4
Special indexes
Allitemslessfood
47.2
47.348.752.153.655.756.959.464.969.670.3
71.175.777.579.079.579.781.183.885.787.3
88.889.790.892.093.294.596.7
100.0104.4110.1
116.7122.1125.8130.7143.7157.1167.5178.419122133
199.8-201.8203.8206.3208.9211.8
214.2216 921932218224*. 1266.4
229.9233.5237.1239.9242.6245.5
245.1246.3248.6250.9253.2
Allitemsless
energy
##
. . . . ._.„. .
86.387.0
88.389.390.491.692.994.397.3
100.0104.4110.3
117.0122.0126.1133.8146.9160.2169.2179.8193 8213]l
202.9205.2206.9208.8210.7212.2
213.8215 42173219 2221.4223.6
225.9228.0230.8233.4235.7238.3
238.3240.0242.5245.1247.7
Allitofncuernslessfoodand
ener-gy
"8X3"85.287.0
88.389.390.591693.094.396.6
1000104.6110.7
117.6123.1126.9131.31412155.3165.5175.8188 72073
197.0198.8200.4202.3204.1205.8
207.3209 4211.5213 6216.1218.1
220.6222.8225.7228.5231.0233.7
233.1234.3236.9239.7242.4
Ener-gy1
"g'ti.'i90.391.8
94.294.494.795.094.696.397.8
100.0101.5104.2
107.0111.2114.3123.5159.7176.6189.3207.3220.42753
231.5235.0241.2250.2260.8275.4
287.1296 33043307 5307*313.7
327.9344.6355.0358.8363.2367.8
370.4370.7370.1368.0366.1
1 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and gasoline, motor oil, coolant, etc.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of Labor Statistics.
292Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-53.—Changes in consumer price indexes major groups, 1948-80
[Percent change]
Year or month
19481949.. . .
1950 .. .195119521953 .1954
19551956195719581959
19601961196219631964 . . .
196519661967 .. . .19681969 ... .
1970.. . .. .1971 ....197219731974
19751976197719781979
1979:JanFebMar
f/ay.June
JulvAugSept' ' . .OctNovDec
1980:JanFebMarAorMayJune
Aug. ..Septo c f . . . : . . . . .Nov
All items
Dec.to
Dec.2
2.7- 1 . 8
5.85.9.9.6
- .5
.42.93.01.81.5
1.5.7
1.21.61.2
1.93.43.04.76.1
5.53.43.48.8
12.2
7.04.86.89.0
13.3
Yearto
year
7.8- 1 . 0
1.07.92.2.8.5
- .41.53.62.7.8
1.61.01.11.21.3
1.72.92.94.25.4
5.94.33.36.2
11.0
915.86.57.7
11.3
Commodities
Total
Dec.to
Dec.2
1.7- 4 . 1
7.75.9
— 7-.S
-I A
- .42.62.61.3.6
1.101.01.4.8
1.62.52.53.85.5
4.02.93.4
10.412.7
6.33.36.18.9
13.0
Yearto
year
7.2- 2 . 6
.69.01.3
- .3- .9
- .9.9
3.12.3.1
.9
.5
.9
.91.1
1.22.61.83.74.5
4.7343.07.4
12.0
8.94.35.87.1
11.4
Food
Dec.to
Dec.2
- 0 . 8- 3 . 7
9.67.4
- 1 . 1- 1 . 3- 1 . 6
— 9112.82.2
- .8
3.1- .91.51.91.4
3.43.91.24.37.2
2.24.34.7
20.112.2
6.5.6
8.011.810.2
Yearto
year
8.5- 4 . 0
1.411.11.8
- 1 . 5- .2
- 1 . 4.7
3.3.4.2
- 1 . 6
1.01.3.9
1.41.3
2.25.0.9
3.65.1
5.53.04.3
14.514.4
8.53.16.3
10.010.9
Commoditiesless food
Dec.to
Dec.2
5.3- 4 . 8
5.74.6
- .52
- 1 . 4
02.52.2.8
1.5
- .3.6.7
1.2.4
.71.93.13.74.5
4.82.32.55.0
13.2
6.25.14.97.7
14.3
Yearto
year
77- 1 . 5
- .17.5.9.2
- 1 . 1
- 71.03.11.11.3
.4
.3
.77.8
.61.42.6374.2
4.13.82.23.4
10.6
9.25.05.45.8
117
Services
Dec.to
Dec.2
6.13.6
3.65.24.64.21.9
2.33.14.5273.7
2.71.91.72.31.8
2.64.94.06.17.4
8.24.13.66.2
11.3
8.17.37.99.3
13.7
Yearto
year
6.34.8
3.25.34.44.33.3
2.02.54.03.82.9
3.32.01.92.01.9
2.23.94.45.26.9
8.15.63.84.49.3
9.58.3778.5
11.0
Energy »
Dec.to
Dec.2
....
....
" - 0 74.3
1.5- 1 . 1
2.1- .8- .2
2.01.81.4173.1
4.53.12.8
16.821.6
11.66.97.28.0
37.4
Yearto
year
0217
2.6.2
!a- .4
1.81.62.21.527
273.92.88.0
29.3
10.67.29.56.3
25.2
Change from preceding month
Unad-justed
0.91.21.01.11.21.2
11101.0.9.9
1.1
1.41.41.41.11.01.1
.1
.69.9.9
Sea-sonally
ad-justed
0.91.11.01.01.01.0
1.1101.2101.01.2
1.41.41.4
99
1.0
0
101.01.0
Unad-justed
0.81.31.11.41.21.3
103.9.7.8.9
1.41.31.2.87.6
.61.11.0
7
Sea-sonally
ad-justed
1.01.21.11.0.9
1.0
1.19
1.2.8
1.01.1
1.41.21.2.5.3
.61.21.2.8
1.0
Unad-justed
2.11.91.0.8.9.5
.63
c.4
1.1
.9
.51.07.5
1.11.5.9
Sea-sonally
ad-justed
1.41.41.0.6.6.3
.51
1.0.8
L4
0- .01.0.5.3.5
1.01.816.8
1.1
Unad-justed
0.31.01.21.61.41.6
1.2131.2.8
1.0.9
1.51.61.4
97.5
.4
.911.8•7
Sea-sonally
ad*justed
0.81.01.11.21.11.4
1.313L3.8
1.11.1
2.0171.3.5.4.3
.5
.911,S.9
Unad-justed
0.91.0.8.8
1.11.111121.31.21.11.3
1.51.51.81.5151.9
_ 7.08
1.11.1
Sea-sonally
ad-justed
0.81.1.8.9
1.21.0
1.1111.21.21.11.4
1.41.51.91.51.61.8
- .8- .1
71.21.0
Unad-justed
1.41.52.6374.25.6
4.23.22.71.1.1
1.9,
4.55.13.01.11.21.3
7.1
-2
-!s
Sea-sonally
ad-justed
1.61.5273.5374.6
3.833i\1.3.9
2.3
4.65.13.0.9.8.3
.3
2
.31 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and gasoline, motor oil, coolant, etc.2 Changes from December to December are based on unadjusted indexes.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of Labor Statistics.
293Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-54.—Changes in special consumer price indexes, 1958-80
[Percent change]
Year or month
19581959
19601961196219631964
19651966 .1967 . .1968. .1969 .
1970 .1971 .19721973 . . . .1974
19751976197719781979
1979:JanFebMar
ft. :.•••• • •JuneJulyAug..S e p t . .OctNovDec
1980:JanFebMarApr.fayJune
JulyAugSeptOct . .Nov
All items
Dec.to
Dec.2
1.81.5
1.5
1*21.612
1.93.430476.1
5.5343.48.8
12.2
704.86.89.0
13.3
Yearto
Year
2.7.8
1.61.01.11.21.3
1.72.92.94.25.4
5.94.33.36.2
11.0
9.15.86.57.7
11.3
Att items lessfood
Dec.to
Dec.2
1.62.3
1.0Ll1.21.61.0
1.63.33.54.95.7
6.53.13.05.6
12.2
7.16.26.38.5
14.0
Yearto
Year
2.31.9
1.71.01.21.31.3
1.42.33.44.45.5
6.04.63.03.99.9
9.36.66.57.2
11.4
All items lessenergy
Dec.to
Dec*
1.91.4
1.4.8
1.21.81.3
1.93.53.14.96.4
5.63.33.58.3
11.5
6.74.66.89.2
11.1
Yearto
Year
2.9.8
1.5Ll1.21.31.4
1.53.22.84.45.7
6.14.33.46.19.8
9.15.66.37.8
10.0
At) items lessfood and energy
Dec.to
Dec.2
1.82.2
.81.51.11.81.2
1.53.33.95.16.1
6.63.13.04.7
11.3
6.76.16.48.5
11.3
Yearto
Year
2.32.1
1.51.1131.21.5
1.42.43.54.65.8
6.24.73.13.58.3
9.26.66.27.39.7
All items lesshome purchaseand finance1
Dec.to
Dec*
5̂ 5
4.73.73.39.0
12.2
6.75.16.38.1
11.3
Yearto
Year
4.147
5.14.53.16.6
1L1
8.85.86.56.9
10.0
Change from preceding month
Unad-justed
0.912101.11.21.2
11101.0.9.9
1.1
1.41414111.01.1
.1
.699.9
Sea-sonally
ad-justed
0.91.11.01.01.01.0
1.11.01.21.01.01.2
1.41.41.4.9.9
1.0
0
L O1.0
Unad-justed
0.61.01.01.21.31.4
1.11.31.21.01.01.0
1.51.61.51.21.11.2
- . 2.5.9.9.9
Sea-sonally
ad-justed
0.81.11.01.1Ll1.2
1.21.21.21.1Ll1.2
1.81.61.5Ll1.0Ll
- . 2A.9
1.0.9
Unad-justed
0.8Ll.8.9.9
.8
.7
'.91.01.0
1.0.9
1.2Ll1.0Ll
0.7
1.01.1Ll
Sea-sonally
ad-justed
0.9.9.8.7.8.6
.8
.8
.9
.91.01.2
1.1.7
1.21.0.9
1.0
0.8
1.01.2Ll
Unad-justed
0.5.9.8.9.9.8
.71.01.01.01.2.9
Ll1.01.31.2Ll1.2
- . 3.5
Ll1.21.1
Sea-sonally
ad-justed
0.71.0.8.8.8.8
.81.0.9
1.0Ll1.2
1.3Ll1.2Ll1.0Ll
'.$1.21.1
Unad-justed
0.91.0.9
1.11.21.1
.9
.8
.8
.6
.6
.9
1.21.41.3.9
.7
.81.0
.5
Sea-sonally
ad-justed
1.08.9.9
1.0.9
.9
.9
.9
.8
.81.0
1.31.21.3
'.5.6
.61.01.1.6.9
'All items less home purchase and financing, taxes, and insurance.2 Changes from December to December are Based on unadjusted indexes.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of Labor Statistics.
294Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-55.—Producer price indexes by stage of processing, 1947-80
[1967=100]
Year or month
Finished goods
Totalfinishedgoods
Consumer foods
Total Crude Proc-
Finished goods excluding consumer foods
Total
Consumer goods
Total Durable
Capitalequipment
Totalfinished
consumergoods
1947 .1948 .1949.1950 .1951 .1952.1953..1954.1955..1956...1957195819591960.196119621963196419651966 . .1967 ..1968.1969.1970 .1971 ...1972 ..1973...19741975.19761977 .197819791980 »..
1979:Jan.Feb...Mar.
fe.June-July....Aug...Sept..Oct...Nov..Dec...
1980: »Jan....Feb....Mar..
June..
JulyAugSeptOctNov . .Dec. . .
74.079.977.6
79.086.586.085.185.3
85.587.991.193.293.0
93.793.794.093.794.1
95J98.8
100-0102.8106.6
110.3113.7117.2127.9147.5
163.4170.3180.6194.6216.1
244.7
205.4207.7209.1211.4212.7213.7
216.2217.3220.7224.2226.3228.1
232.4235.7238.5240.5241.6243.0
247.1249.1248.9252.2253.2254.7
82.890.483.1
84.795.294.389.488.7
86.586.389.394.590.1
92.191.792.591.491.9
95.4101.6100.0103.6110.0
113.5115.3121.7146.4166.9
181.0180.2189.2206.7226.3
238.0
220.2225.1226.3227.8226.6223.6
224.9223.5228.1226.7230.5232.1
231.4231.6233.1228.9230.0231.0
239.7244.9245.8245.9246.9247.2
99.4107.1101.3
92.2105.9112.8105.294.7
98.898.797.4
103.594.3
100.696.197.095.598.2
98.6104.8100.0107.5116.0
116.3115.8121.2160.7180.8
181.2194.8201.8215.5231.4
234.1
236.7257.2244.6241.8226.7227.1
224.9231.7214.0215.5228.1227.9
226.0220.1230.9222.3226.1223.6
233.8240.8253.2231.3248.2252.6
80.287.6801
83.493.291.386.787.6
84.484.387.993.189.5
90.7,90.991.790.790.8
94.9101.0100.0103.0108.9
113.1115.1121.7143.9164.6
181.3177.4186.4204.1223.8
236.1
216.9220.5222.8224.6224.4221.3
222.8220.7227.0225.5228.6230.3
229.7230.4231.1227.2228.1229.4
238.0243.0242.9244.8244.5244.5
100.0102.6105.4
109.1113.1115.4120.1139.3
156.2165.5176.2188.9210.8
244.4
198.8200.2201.7204.2206.3208.5
211.4213.2216.2221.3222.8224.6
230.5234.6237.8241.7242.8244.3
246.9248.0247.4251.7252.7254.5
79.084.082.2
83.589.588.389.189.4
90.192.394.694.795.9
96.396.296.096.095.9
96.698.1
100.0102.1104.6
107.7111.4113.5118.6138.6
153.1161.8172.1183.7208.2
248.5
193.4194.9196.7199.3202.1205.2
208.9212.3216.3221.4223.1225.3
232.3238.3242.3246.2247.6249.5
251.9252.8252.3255.0255.9257.6
74.679.781.8
82.788.288.989.690.3
91.294.397.198.499.6
99.298.898.397.898.2
97.998.5
100.0102.2104.0
106.9110.8113.3115.4125.9
138.2144.4152.2165.8181.9
204.9
175.2176.2176.8178.4179.5180.4
181.6181.1182.9189.0190.0191.8
199.1202.1200.3201.2201.0203.5
206.6207.0204.9211.0210.6211.7
80.785.882.3
83.690.087.888.688.9
89.491.193.292.694.0
94.794.794.895.194.8
95.997.8
100.0102.2105.0
108.3111.7113.6120.5146.8
163.0173.3185.4195.4225.9
278.2
205.4207.2209.8213.1217.1221.7
227.1233.4239.0243.3245.5247.9
254.7262.7270.9276.9279.6281.0
283.0284.2284.7284.9287.0289.1
55.460.463.4
64.971.272.473.674.5
76.782.487.589.891.5
91.791.892.292.493.3
94.496.8
100.0103.5106.9
112.0116.6119.5123.5141.0
162.5173.2184.5199.1216.7
239.5
209.3210.8211.7214.0215.1215.8
217.2216.5217.8222.8223.9225.3
229.3230.5232.2236.2236.6237.7
240.5241.8241.3248.2249.1251.1
80.586.582.5
83.991.890.789.289.1
88.589.892.494.493.6
94.594.394.694.194.3
96.199.4
100.0102.7106.6
109.9112.9116.6129.2149.3
163.6169.0178.9192.6215.7
246.7
203.7206.3207.9210.2211.6212.7
215.6217.5221.7224.7227.1229.1
233.5237.6240.8242.1243.4245.0
249.6251.9251.8253.6254.7255.9
See next page for continuation of table.
295Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-55.—Producer price indexes by stage of processing, 1947-80—Continued
[1967=100]
Year or month
1947.. .19481949
1950 . . . .1951 . .195219531954
195519561957,.19581959
19601961,. .1962,. . .19631964
19651966 ; ;*.196719681969.. .
19701971.19721973,. .1974.. .
1975. . .19761977.19781979..
19801
1979:Jan .Feb . . . .Mar
May. " "June
July.. . .AugSept....OctNov . . .Dec. ..
1980:l
Jan . . . .FebMai .
JR. •: .JuneJuly . .Aug .SeptOct . .Nov .Dec ..
Total
72.478.375.2
78688.185 586.086.5
88192.094.194395.6
95.695.094 995.295.5
96.899.2
100.0102 3105.8
109.9114.1118.7131.6162.9
180.0189.3201.7215.5242.8
279.6
225.7228.5231.5235.8238.2240.3
244.6247.5251.0255.0256.3258.7
265.9271.6273.7275.1276.4278.2
281.0283.8284.1286.3288.0291.2
Intermediate materials,
Foodsand
feeds9
994102.7
109.1111.7118.5168.4200.2
195.3186.6191.0201.0223.2
252.3
214.3218.2218.9220.7219.3223.0
231.0223.1226.6226.0226.9229.8
224.8237.5232.4227.3239.7242.1
251.0264.4267.1282.2288.7269.9
Other
70.076.174.2
77.787.084 385.3857
88.392.695.094.896.4
96.895.595.395.095.6
96.998.9
100.0102 5106.1
109.9114.3118.9128.1159.5
178.6189.5202.4216.4244.0
281.3
226.5229.1232.3236.7239.3241.3
245.4249.0252.5256.8258.1260.5
268.4273.7276.2278.0278.6280.5
282.9285.0285.2286.6288.0292.6
supplies, and components
Materials andcomponents
Formanufac-
turing
72.177.874.5
78.188.584.886.286.3
88.492.694.895.296.5
96.595.394.794.995,9
97.499.3
100.01022105.8
110.0112.8117.0127.7162.2
178.7185.6195.5208.3234.1
265.4
218.6221.6224.5229.0230.9232.1
236.0238.0240.7244.3245.5247.8
255.5259.8259.5260.3262.2264.1
265.4268.6268.4271.8273.1275.5,
Forcon-
struction
66.073.173.2
77.084.383.785.185.5
88.993.594.094.096.6
95.994.694.294.595.4
96.298.8
100.0105 0110.8
112.6119.7126.2136.7161.6
176.4188.0202.9224.4246.9
268.2
236.1239.0241.3244.5245.2245.6
247.4249.2252.5254.7254.0253.7
257.7262.1265.5265.6265.7267.1
269.8271.7271.5272.1273.9276.2
Proc-essedfitflleand
lubri-cants
85.596.988.2
89.993.992.893.493.3
93.396.2
101.996.095.6
98.299.499.098.196.0
97.499.2
100.097 698.5
105.0115.2118.9131.5199.1
233.0250.9283.8296.4360.9
4941
302.0304.8312.9323.9336.8349.5
364.8384.6399.4410.6416.5424.6
444.0464.0481.0486.9488.8493.0
505.2508.2510.2507.1510.8529.7
tainers
66.869.870.1
72.084.579.980.081.5
82.688.692.594.794.2
95.594.795.994.794.0
95.898.4
100.01024106.3
111.4116.6121.9129.2152.2
171.4181.4193.1212.5235.3
2634
223.9224.3229.3231.8234.5234.9
235.4237.6237.9242.6243,8247.1
250.9251.6253.8262.6263.8265.5
266.6266.8266.8270.0269.8272.0
Supplies
77.581.076.3
78.988.888.884.386.3
84.887.188.090.091.2
90.791.893.895.294.3
95.299.4
100.01010102.8
108.0111.0115.6140.6154.5
168.1179.2188.0196.9217.6
2461
207.4209.6211.1212.8213J216.1
219.6219.6221.2224.9226.4229.2
232.5239.0240.8241.7241.8243.2
247.2249.6251.7253.7256.3256.0
Crude materials for further processing
Total
101.2110.996.0
104.6120.1110.3101.9101.0
97.197.699.8
102.099.4
97.096.597.595.494.5
99.3105.7100.01016108.4
112.3115.1127.6174.0196.1
196.9205.1214.3240.1282.2
3161
260.2270.4276.6279.9282.3283.0
287.1281.7288.3289.5290.8296.2
296.8308.4303.5297.0300.7299.6
316.6329.1331.8336,0337.6335.6
Food-stuffsandfeed-stuffs
111.7120.8100.3
107.6124.5117.2104.9104.9
95.193.197.2
103.096.2
95.193.895.792.990.8
97.1105.9100.01013109.3
112.0114.2127.5180.0189.4
191.8190.1190.9215.3247.2
258 9
233.0243.7247.4251.5251.9248.2
254.12437248.7247.5246.4249.7
243.0252.6245.9235.5242.9242.5
263.52767276.7279.1277.3271.3
Other
Total
""ioo.6"102 2106.8
112.7117.0128.0162.5208.9
206.9233.6258.42867348.3
424 5
311.5320.7331.6333.3339.6348.7
349.3353.6363.1368.9374.9384.2
398.9414.3412.7413.9410.5407.9
417.1424.4436.3444.1452.0457.8
Fuel
66.678778.3
77.979.479.982.779.0
78.884.489.290.391.9
92.892.692.193.292.8
93.596.3
100.01023106.6
122.6139.01487164.5219.4
271.5314.7400.54637568.2
710.2
504,3513.9525.2529.2556.8563.1
5707586.2604.0612,9617.4634.5
636.3664.8664.1678.9690.3695.6
710.5725.4740.5756.1776.1783.3
Other
90.6100.791.6
10471207104.61O0.198.2
103.8107.6106.2102.2105.8
101.4102.5102.01007102,4
104.5106.7100.01021106.9
109.81107121.9161.5205.4
188.3210.2217.3235:4284.5
3416
255.62647275.5276.5276.6286.6
285.2286.1293.3298.1304.6311.6
330.1341.7339.8337.0329.3324.4
331.9342.2348.1353.5357.9363.3
1 Data have been revised through August 1980 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.2 Intermediate materials for food manufacturing and feeds.
Source: Department of Labor, Bureau of Labor Statistics.
296Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-56—Producer price indexes by stage of processing, special groups, 1974-80
[1967=100]
Year or month
1974
19751976...197719781979
19802
1979:Jan. . ..Feb
Mar
•ft'".!."' .June
JulyAugSeptOctNov..Dec.
1980.2
JanFebMarAprMay. .June
JulyAugSept . . . .OctNov .Dec
Finished goods
Total
147.5
163.4170.3180.6194.6216.1
244.7
205.4207.7209.1211.4212.7213.7
216.2217.3220.7224.2226.3228.1
232.4235.7238.5240.5241.6243.0
247.1249.1248.9252.2253.2254.7
Food
166.9
181.0180.2189.2206.7226.3
238.0
220.2225.1226.3227.8226.6223.6
224.9223.5228.1226.7230.5232.1
231.4231.6233.1228.9230.0231.0
239.7244.9245.8245.9246.9274.2
Energy
215.2
252.4274.5305.0318.1438.1
666.9
340.8346.1356.7372.1392.4415.7
445.8474.1504.9525.8536.0546.8
568.3607.3649.8674.8684.1685.0
688.5690.4688.6683.4686.4695.7
Excluding food and
Total
133.3
148.5156.7166.1178.6194.4
216.1
187.5188.8189.7191.4192.4193.3
194.5194.8196.1200.2201.1202.5
207.3209.4210.2212.8213.4215.0
217.4218.4218.0222.7223.5224.8
energy
Capi-
talequip-
ment
141.0
162.5173.2184.5199.1216.7
239.5
209.3210.8211.7214.0215.1215.8
217.2216.5217.8222.8223.9225.3
229.3230.5232.2236.2236.6237.7
240.5241.8241.3248.2249.1251.1
Con-sumergoods
exclud-
ingfoodanddHU
energy
129.1
141.0148.0156.1167.4182.4
203.6
175.8176.9177.8179.1180.2181.2
182.3183.2184.6188.1188.9190.2
195.7198.3198.6200.4201.0203.0
205.2205.9205.6209.0209.7210.6
Intermediate materials,supplies, and components
Total
162.9
180.0189.3201.7215.5242.8
279.6
225.7228.5231.5235.8238.2240.3
244.6247.5251.0255.0256.3258.7
265.9271.6273.7275.1276.4278.2
281.0283.8284.1286.3288.0291.2
Foodsand
feeds1
200.2
195.3186.6191.0201.0223.2
252.3
214.3218.2218.9220.7219.3223.0
231.0223.1226.6226.0226.9229.8
224.8237.5232.4227.3239.7242.1
251.0264.4267.1282.2288.7269.9
Energy
188.7
220.8237.3268.3281.2344.6
475.7
287.6290.2297.7308.3320.7333.7
348.1366.9382.2392.6399.7407.6
425.9445.9462.0468.8471.1476.0
487.1489.9491.5488.6492.0509.0
Other
156.7
174.7184.9196.0210.1234.1
262.0
220.5223.2225.9229.7231.4232.3
235.3237.4239.7243.4244.1246.0
252.8256.7257.8259.1259.5261.1
262.6264.6264.7266.5267.8271.1
Crude materials for furtherprocessing
Total
196.1
196.9205.1214.3240.1282.2
316.1
260.2270.4276.6279.9282.3283.0
287.1281.7288.3289.5290.8296.2
296.8308.4303.5297.0300.7299.6
316.6329.1331.8336.0337.6335.6
Food-Stuffs
andfeed-stuffs
189.4
191.8190.1190.9215.3247.2
258.9
233.0243.7247.4251.5251.9248.2
254.1243.7248.7247.5246.4249.7
243.0252.6245.9235.5242.9242.5
263.5276.7276.7279.1277.3271.3
Energy
223.0
266.9291.0344.9390.7479.4
631.5
419.4427.0433.7436.7455.3467.8
478.1492.9518.3529.5538.0556.1
576.3591.5594.7607.4616.1622.8
631.6646.1655.8667.7678.6689.1
Other
198.3
165.0195.2197.0212.0253.6
270.2
234.6245.5260.2260.9257.3264.0
256.6252.3249.2250.6254.9257.3
268.0284.2278.5270.3256.8246.4
256.4265.5272.3276.8282.6284.7
1 Intermediate materials for food manufacturing and feeds.2 Data have been revised through August 1980 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.
Source: Department of Labor, Bureau of Labor Statistics.
297Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-57.—Producer price indexes for major commodity groups, 1940-80
[1967=100]
Year or month
1940 . . .1941 . . .. .19421943. . . . . .194419451946.194719481949
19501951 . .19521953 .1954 . . . .19551956 , . .1957 ..19581959 . .
I960..1961. .1962196319641965 .1966 ....19671968 . ,1969 . ..
19701971 ... ...19721973 . ... .197419751976 . ..1977.. . . .197819791980a
1979:JanFebMar...AprMay"!"" .'... ," * * ."June.... . ....July...AugSeptOctNovDec
1980:a
JanFeb . . .Mar
tz . .June... . .JulyAug... .Sept,.OctNovDec
Farm products and processedfoods and feeds
Total
94.3101.589.6
93 9106,9102 796 095 791290.693.798193.5
93.793 794.793.893.297.1103 5100.01024108.0
1117113.912241591177.4184 2183.1188.82066229 8
244 6
2211227 2229.0231.2230.8229.0232.2227.5231.8230 6232.3234.6
231.9237.0234.9229.3233.8234.3246.6255.1256.3258.8260.1256.5
Farmproducts
41.450.364.875.075.578.590.9109.4117.5101.6
106.7124.2117.2106.2104.798.296.999.5103.997.5
97.296.398.096.094.698.7105.9100.0102.5109.1
1110112.9125.0176.3187.7186.7191.0192.5212.5241.4
249.3
230.42409242.8246.0245.4242.8
246.8238.5241.0239 6240.2242.5
236.4242.3239.3228.9233.5233.4
254.3263.8266.6263.4264.9265.3
Processedfoods andfeeds
...
82.988.780.6
83.492.791.687.488.985.084.987.491.889.4
89.591.091.992.592.395.5101.2100.0102.2107.3
1121114.5120.8148.1170.9182.6178.0186.1202.6222.5
241.0
215.2218 9220.5222.3222.0220.6
223.3220.5225.8224 8227*1229.3
228.5233.1231.6228.6233.1233.9
241.5249.4249.82554256.5250.8
Industrial commodities
Total
44.047 350.751.552.353.058.070.876.975.3
78.086.184.184.885.086.990.893.393.695.3
95.394.894.894.795.296.498.5100.0102.5106.0
110 0114.1117.9125.9153.8171.5182.4195.1209.4236.5
274.5
220.0222 5225.4229.0231.6234.0
237.5240.6244.2249 0250^6253.1
260.6265.9268.6271.3271.9273.5
276.2278.2278.22812282.7286.1
Textileproducts
andapparel
.
103.6108.198.9
102.7114.6103.4100.898.698.798.798.897.098.4
99.597.798.698.599.299.8100.1100.0103.7106.0
1071109.0113.6123.8139.1137.9148.2154.0159.8168.7
183.4
164.1164 2165.2166.4167.2168.4
169.3170.5171.3172 0172i8173.1
175.2176.5179.3181.2182.0183.0
184.7185.6186.2187 8189.3190.2
Hides,skins,leather,and
relatedproducts
45.248.452.852.752.252.961.183.384.279.9
86.399.180.181.377.677.381.982.082.994.2
90.891.792.790.090.394.3103.4100.0103.2108.9
1103114.11313143.1145.1148.5167.8179.3200.0252.4
348.6
223.4232 2253.3258.9269.6268.0
261.9257.9251.1253 9248^9249.2
255.7250.9246.8243.5240.7240.9
245.1251.3247.8(3)
255.5256.6
Fuels andrelated
products,and
powerl
51.454.656.257.859.560.164.476.990.586.2
87.190.390.192.691.391.294.099.195.395.3
96.197.296.796.393.795.597.8100.098.9100.9
1062115.2118 6134.3208.3245.1265.6302.2322.5408.1
573.4
338.1342 5350.9361.5377.6393.7
411.8432.8454.8468 54763487.9
508.0532.7553.5566.6572.1576.5
585.5590.6593.0592 5597.6611.7
Chemicalsand alliedproductsl
52.457.063.364.164.865.270.593.795.987.6
88.9101.796.597.798.998.599.1101.2102.0101.6
101.8100.799.197.998.399 099.4100.099.899,9
102 2104.1104 2110.0146.8181.3187.2192.8198.8222.3
260.2
205.0207 3209.9215.1218.0219.2
225.0228.5230.8234 2236^0238.2
246.0248.7252.8259.8262.5262.8
263.3264.4263.2264 6266!9267.9
See next page for continuation of table.
298Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-57.—Producer price indexes for major commodity groups, 1940*80—Continued
[1967=100]
Year or month
1940194119421943194419451946194719481949
195019511952195319541955 . ..1956195719581959
I960196119621963196419651966196719681969
19701971197219731974197519761977 .. .19781979
19802
1979:JanFebMarAprMayJune
JulyAug 'SeptOctNovDec
1980:2
JanFeb ... .MarApr
NfayZ: ;.;:;;;:;;.;:;.;....T:.June
JulvAugSeptOctNovDec
Rubberand
plasticproducts
57.161.571.673672.770 570.870 572.870.5
85.9105 495.589.190.4
102 4103.8103.4103 3102.9
103.199.296 396.895.595.997 8
100.0103 4105.3
108.3109.1109.3112 4136 2150.2159.2167 6174.8194.3
217.3
180 8183.2185.9188.8190 8193.1
195.5198 8200.7203.0204.9205.9
207.8210.7212 7214.1215.0217.3
2188220.52212222 7223 0223.5
Lumberand
woodproducts
27.432.735.637.740.641.247.273.484.077.7
89.397.294.494.392.697198.593.592 498.8
95.391.091693.595.495.9
100 2100.0113.3125.3
113.6127.3144.3177.2183 6176.9205.6236.3276.0300.4
288.8
290 2293.9300.5304.9302 8299.8
300.1304 7309.7308.8298.9290.1
290.0294.7294 9275.6272.1279.8
2892296.12918288 7293 4299.4
Pulp,paper,
andallied
products
72 575.772.4
74.388 085.785.585.587 893.695.496 497.3
98.195.296 395.695.496.298 8
100.01011104.0
108.2110.1113.4122.11517170.4179.4186.4195.6219.0
249.3
207 0208.8212.3215.0216 2216.6
218.3222 2223.0227.5229.5231.7
237.4239.2242 6247.8249.2251.1
251 7252.4252 7254 4255 5257.4
Industrial commodities—Continued
Metalsand
metalproducts
37.838.539.139.039.039.644.354.962.563.0
66.373.873.976.376.982.189.291.090.492.3
92.491.991.291.393.896.498.8
100.0102.6108.5
116.6118.7123.5132.8171.9185.6195.9209.0227.1259.3
286.2
2419247.3251.7256.0256 2258.2
260.82618263.7269.6271.1273.6
284.6288.9286 8284.4281.8281.9
282 5285.1286.2290 4290 7290.7
Machineryand
BQiiiprcicrii
41.442.142.842.442.142.246.453.758.261.0
63.170.570.672.273.475.781.887.689.491.3
92.091.992.092.292.893.996.8
100.0103.2106.5
111.4115.5117.9121.7139.4161.4171.0181.7196.1213.9
239.6
2051206.5207.9209.82114212.4
214.8216.0217.7220.0221.3223.4
227.6230.2232.5236.4237.6239.2
241.5242.6244.3246.4247.7249.5
Furnitureand
householddurables
53.857.261.861.463.163.267.177.081.682.9
84.791.890.191.992.993.395.898.399.199.3
99.098.497.797.097.496.998.0
100.0102.8104.9
107.5110.0111.4115.2127.9139.7145.6151.5160.4171.3
187.3
166 6167.9168.3168.7169.6170.2
170.7171.5172.7175.1176.4177.9
183.4185.6185.7184.4185.4186.5
188.0188.9187.8189.1190.4192.3
Non-metallicmineral
products
49.150.252.352.453.555.759.366.371.673.5
75.480.180.183.385.187.591.394.895.897.0
97.297.697.697.197.397.598.4
100.0103.7107.7
112.9122.4126.1130.2153.2174.0186.3200.5222.8248.6
282.8
238.3240.5240.8243.4245.6246.9
249.5249.9254.6256.2257.4259.6
268.4274.0276.5283.7284.0283.4
284.8286.0286.0287.8288.4290.7
Transpor-tationequip-ment:Motor
vehiclesand
equip-ment4
40.443.247.247.247.548.356.064.170.875.7
75.379 484.083.683.886.391.295.1981
100.3
98.898.698.697.898.398.598.6
100.0102.8104.8
108.7114.9118.0119.2129.2144.6153.8163.7176.0190.5
208.7
185 0185.9186.1189.4189.8190.1
190.8187.8188.6197.1197.4198.2
200.7200.1200.7205.4204.5205.2
208.6211.7205.3217.8218.0225.9
Miscella-neous
products
73 576.578.0
79.283 983.485.686.486 587.690 292 092.2
93.093.393 794.595.295.997 7
100.0102 2105.2
109.9112.9114.6119.71331147.7153.7164.3184.3208.7
258.7
197 7199.8200.6201.4203.3205.2
207.0208.9213.1218.9221.4227.4
242.9262.92561252.8251.7258.0
2617260.1264.4265 0263 8265.4
1 Prices for some items in this grouping are lagged and refer to 1 month earlier than the index month.2 Data have been revised through August 1980 to reflect the availability of late reports and corrections by respondents. All data are
subject to revision 4 months after original publication.3 Not available4 Index for total transportation equipment is not shown but is available beginning December 1968.
Source: Department of Labor, Bureau of Labor Statistics.
299Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-58.—Changes in producer price indexes for finished goods, 1948-80
[Percent change]
Year or month
19481949
19501951195219531954
19551956195719581959
I9601961196219631964
196519661967.1968 .. .1969
19701971.1972 ...19731974
1975 .1976. ..197719781979
1980a
1979:JanFebMarAprMayJune
JulyAugSeptOc!Nov....Dec
1980:2
JanFebMar
May"I ' '.JuneJulyAugSeptOctNovDec
Totalfinishedgoods
Dec.to
Dec.1
3.0- 4 . 6
10.42.9
- 2 . 25
- . 1
1.24.23.2
.5- . 4
1.8- . 5
-'.25
3.32.2163.14.8
2.23.23.8
11.818.3
6.63.36.69.2
12.6
11.7
Yearto
year
8.0- 2 . 9
1.89.5
- . 6- 1 . 0
2^3.62.3
.80
-.;3
1.73.21.22.83.7
3.53.13.19.1
15.3
10.84.26.07.8
11.0
13.2
Finishedconsumer
foods
Dec.to
Dec.1
-2 .4-7 .413.35.3
-5 .9-2 .2-1 .9
-2 .93.65.3
- 3 7
5.2-1 .8
- U
9.11.4
- . 44.88.2
-2 .55.98.0
22.513.0
5.5-2 .5
6.611.97.6
6.5
Yearto
year
9.2- 8 . 1
1.912.4- . 9
- 5 . 2- . 8
- 2 5-23.55.8
-4 .7
2.2- 4
.9- 1 . 2
.5
3.86.5
- 1 . 63.66.23.21.65.6
20.314.0
8.4
l ;o9.29.5
5.2
Finished goods excluding consumer foods
Total
Dec.to
Dec.*
..........
2.43.4
4.32.12.16.6
21.2
7.25.56.68.3
14.413.3
Yearto
year
2.627
3.5372.04.1
16.0
12,16.06.57.2
11.6
15.9
Consumergoods
Dec.to
Dec >
4.0- 4 . 5
8.2.9
- 1 . 11.6.3
1.72.517
.8
.4- . 3
~ ; i,1
.9172.12.02.93.92.02.07.4
20.5
674.96.18.4
18.0
14.3
Yearto
year
6.3- 2 . 1
1.67.2
- 1 . 3.9.3
.82.42.5
,11.3
.4- . 1- . 20
- . 1
71.61.92.12.4
3.03.41.94.5
16.9
10.5576.46.7
13.3
19.4
Capitalequipment
Dec.to
Dec.1
10.4- . 6
10.33.4
.82.31.1
5.68.34.31.31,0
.1
;3
;9
1,53.93.13,04.6
4.92.42.05.3
22.6
8.26.47.28.08.8
11.5
Yearto
year
9.05.0
2.49717171.2
3.07.46.22.61.9
.2
to1.22.53.33.53.3
4.84.12.53.3
14.2
15.26.66.57.98.8
10.5
Finishedenergygoods
Dec.to
Dec. *
:...*.;.
16.45.49.18.0
627
27.2
Yearto
year
; ..."
17.38.8
11.14.3
377
52.2
Finished goodsexcluding food
and energy
Dec.to
Dec. >
.*;..;*
6.15.46.38.29.3
11.0
Yearto
year
11.45.56.07.58.8
11.2
Percent change from preceding month
Unad-justed
1.41.17
1.1.6.5
1.2
1.61.6.9.8
1.91.41.2.8
'.6
1.7.8
- . 11.3.4.6
Sea-son-
17justed
1.21.11.0.8.5.6
1.21.11.51.11.2.8
1.61.41.4.6.3
1.71.4
~;8.6.6
Unad-justed
2.02.2
7
- ~ U.6.6
2.1- . 61.7.7
- . 3.1.6
-1 .8.5.4
3.82.2
;o.4.1
Sea-son-a
justed
1.51.41.3
- . 4- 1 . 0- 1 . 0
.71.51.4
- . 11.9
- . 9- . 41.0
- 2 . 8.0
3.94.3
";§
~;4
Unad-justed
1.277
1.21.01.11.4.9
1.42.4
.7
.8
2.61.81.41.6
;61.1
-117.4
Sea-son-
Sjusted
1.11.0.9
1.21.01.1
1.31.01.51.51.01.1
2.42.01.51.6.47
1.1
-1.9
;9
Unad-justed
1.3.8.9
1.31.41.51.81.61.92.4
.81.0
3.12.61.71.6.6.8
1.0.4
- . 21.1
7
Sea-son-
17justed
1.11.01.11.21.41.4171.71.91.81.11.2
2.92.81.81.5
;6
.8
.4- . 2
.6
;g
Unad-justed
1.17.4
1.1
;3.6
- . 3.6
2.3.5.6
1.8
717.2
1.2
-.22.9
'.8
Sea-son-
$justed
1.0.9.6
1.1
7.8
- . 17.9
;9
1.6
;91.8
71.4.7
T4.6
1.0
Unad-justed
1.41.63.14.35.55.9
7.26.36.54.11.92.0
3.96.97.03.81.4
.5
-.3- . 8
.41.4
Sea-son-
3justed
2.01.83.54.34.95.2
6.06.26.54.52.72.3
4.57.17.53.8
.8- . 6
- . 7.1
- . 3- . 41.3
. 1.6
Unad-justed
1.27.5.9
;5.6.2.7
2.1.47
2.41.0.4
1.2
7
1.1.5
- . 22.2.4.6
Sea-son-
17justed
1.0.9.6.8.6.6
.8
.3
.81.1.7.9
2.01.2L2.3.9
1.3.6
- . 11.1.6.8
1 Changes from December to December are based on unadjusted indexes.2 Dataliave been revised through August 1980 to reflect the availability of late reports and corrections by respondents. All data are
subject to revision 4 months after original publication.Source: Department of Labor, Bureau of Labor Statistics.
300Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
MONEY STOCK, CREDIT, AND FINANCETABLE B-59.—Money stock measures and liquid assets, 1959-80
[Averages of daily figures; billions of dollars, seasonally adjusted]
Period
Ml-A
Currencyplus demand
deposits'
Ml-B
Ml-A plusother
checkabledeposits atbanks and
thriftinstitutions
M2
Ml-B plusovernightRPs and
Eurodollars,MMMF
shares, andsavings andsmalltimedeposits atcommercialbanks and
thriftinstitutions2
M3
M2 pluslarge time
deposits andterm RPs atcommercialbanks and
thriftinstitutions
M3 plusother liquid
assets
December:1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980 *.
1979:Jan. .Feb ....Mar
t!June. .July ...AugSept..OctNov...Dec.
1980Jan...FebMar. ..
June..
July..Aug. .Sept..Oct.. ..Nov.Dec. P.
140.7
141.6146.1148.8154.2161.2
168.7172.8184.2198.4204.6
215.3229.2250.5264.1275.3
287.9305.0328.4351.6369.7
385.4
350.1350.0351.9356.1355.5359.4
362.0364.0365.9366.6368.0369.7
370.8373.7373.1367.6367.8371.3
373.7379.7383.7386.7388.9385.4
140.7
t41.6146.1148.8154.2161.3
168.8172.9184.2198.5204.7
215.4229.4250.6264.4275.7
289.0307.7332.5359.9386.4
411.0
360.0360.7363.9369.6369.2373.9
377.4379.9382.2382.9384.2386.4
388.1391.3391.2386.6386.2390.9
394.5401.6406.9410.8414.0411.0
296.7
311.2333.9361.1391.4422.8
457.2478.5523.6566.2587.6
625.2709.6801.6858.1906.2
1,022.41,166.71,294.11,401.51,525.5
1,669.7
1,407.51,413.81,426.61,441.21,449.51,465.9
1,478.31,491.81,502.91,510.11,516.41,525.5
1,534.51,546.71,553.11,549.91,562.11,585.7
1,609.71,629.21,640.91,652.91,667.21,669.7
297.9
313.3337.9368.2402.3438.0
478.5502.2555.7605.3610.4
671.7769.7877.8976.1
1,058.6
1,161.01,299.71,460.31,623.61,775.5
1,954.0
1,631.91,642.31,654.81,669.11,679.21,695.2
1,709.21,725.81,745.51,757.81,765.41,775.5
1,786.91,804.51,811.11,811.11,824.21,844.5
1,865.21,886.31,900.71,917.11,940.81,954.0
387.5
402.5429.1464.5501.8538.3
582.3613.9667.2730.9761.2
812.5898.7
1,017.71,137.21,242.8
1,369.61,523.51,715.51,927.72,141.1
1,939.41,954.81,978.32,000.72,021.12,048.7
2,063.82,081.32,110.02,120.42,126.42,141.1
2,155.22,175.92,190.12,200.72,216.62,229.1
2,243.42,268.22,295.12,310.1
1 Demand deposits at all commercial banks other than those due to domestic banks, the U.S. Government, and foreign banks andofficial institutions less cash items in the process of collection and Federal Reserve float.
2 Total M2 excludes demand deposits held by thrift institutions at commercial banks, not shown separately in components.Note.—See Table B-60 for components.Source: Board of Governors of the Federal Reserve System.
3013 3 3 - 5 4 0 0 - 8 1 - 2 0 : QL 3
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-60.—Components of money stock measures and liquid assets, 1959-80
[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]
Period
December:1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980".....
1979:JanFebMarAprMayJune
JulyAugSeptOctNovDec
1980:JanFeb ^MarAprMayJune
JulyAugSeptOctNovDec"
Cur-rency
28.9
29.029.630.632,534.2
36.338.340.443.546.1
49.152.656.961.667.8
73.880.788.797.6
106.3
116.5
98.298.999.6
100.2100.9101.8
102.6103.7104.7105.5105.9106.3
107.3108.1108.9109.0110.1111.0
112.0113.4113.9115.115.9
116.5
De-manddepos-
its '
111.8
112.7116.6118.2121.7127.0
132.4134.5143.7154.9158.6
166.2176.7193.6202.5207.4
214.1224.4239.7253.9263.4
268.9
251.9251.1252.3255.9254.7257.6
259.4260.3261.2261.1262.1263.4
263.5265.6264.2258.6257.7260.3
261.6266.3269.8271.6273.1268.9
Othercheck-ablede-
posits
NSA
0.0
.0
.0
.0
.0
.1
.1
'.1.1
.1
.1
.1
.3
.4
1.12.74.18.3
16.7
25.6
9.910.812.013.613.614.6
15.415.916.316.316.216.7
17.317.618.019.018.419.6
20.821.923.224.125.125.6
Over-nightrepur-chaseagree-ments(RPs)} notl(net)NSA
0.0
.0
.0
.0
.0
.0
.0
.51.11.62.5
1.42.53.16.87.2
7.513.617.621.921.7
25.5
21.221.923.123.925.926.3
25.525.326.225.322.521.7
22.623.021.017.618.519.6
23.025.226.425.525.625.5
Over-nightEuro-
dollars
NSA
0.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.01.02.03.6
4.6
2.32.62.82.82.82.9
3.03.33.63.53.23.6
4.14.13.62.72.82.9
3.63.73.74.44.74.6
Moneymarketmutualfund
(MMMF)shares
NSA
0.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.12.3
3.63.43.8
10.343.6
75.8
12.114,516.819.221.824.6
28.031.233.736.940.443.6
49.156.760.960.466.874,2
80.680.778.277.477.075.8
Sav-ingsde-
posits
145.2
157.8173.9193.1212.6233.3
255.0251.1261.4266.3261.0
256.7287.5317.0322.2333.9
383.9447.7486.5476.1416.7
395.5
468.1460.7457.0452.3448.6449.8
450.9450.4445.4436.0421.3416.7
411.8403.1391.9377.3372.7381.4
393.8403.9407.9410.1405.2395.5
Smalldenomina-tion timedeposits2
11.5
12.614.820.225.729.3
34,555.178.1
101.1120.7
153.0191.8232.6266.4288.9
340.4396.6454.9533.8656.5
760.5
546.3555.9565.6576.1583.9591.0
596.2604.4614.6628.4647.8656.5
661.8671.4687.6708.3718.0719,6
717.2717.1720.9727.9743.9760.5
Largedenomina-tion timedeposits2
1.2
2.04.07.1
10.915.3
21.323.231.137.620.4
45.157.673.0
110.9144.0
129.6118.0145.2194.7219.4
250.6
197.4200.9200.0198.6198.2196.8
198.9201.8208.9214.8218.5219.4
222.5228.6230.7234.2235.0230.7
226.2225.3229.0231.8240.9250.6
Termrepur-chaseagree-ments{RPs)
NSA
0.0
.0
.0
.0
.0
.0
.0
.51.01.52.4
1.42.53.37.18.4
9.015.021.027.330.5
33.7
27.127.528.429.331.532.4
32.032.233.733.030.530.5
29.929.227.227.127.128.1
29.331.730.932.332.633.7
TermEuro-
dollars(net)
NSA
0.7
,81.41.61.92.4
1.72.12.12.92.3
1.82.32.84.46.7
7.910.313.722.831.9
24.527,128.429.129.629.9
31.433.933.433.234.031.9
34.137.537.437.937.836.0
35.436.034.133.0
Sav-ings
bonds
46.1
45.746.546.948.149.0
49.750.251.251.851.7
52.054.357.560.463.2
67.371.876.680.780.0
80.680.680.580.680.680.4
80.080.080.682.280.380.0
79.278.176.875.274.073.3
72.872.673.274.6
Short-term
Treas-ury
secu-rities
38.7
36.837.139.940.738.5
40.743.238.746.159.5
49.236.240.949.853.4
76.880.789.598.7
127.5
98.8100.4108.2114.2122.5131.4
128.8123.0128.1123.7122.1127.5
127.6128.8136.3146.3151.8148.6
144.2147.2157.3155.0
Bankers'accep-tances
0.5
.81.01.01.11.2
1.51.61.72.23.2
3.33.53.34.7
10.7
8.59.0
12.322.628.9
22.421.421.321.121.021.5
22.625.026.627.128.628.9
28.427.628.829.529.430.2
30.129.631.332.2
Com-mercialpaper
3.6
5.15.26.87.79.1
10.214.417.822.534.0
34.532.735.241.950.1
48.151.863.179.497.3
81.283.185.086.688.290.4
91.893.695.796.496.097.3
99.099.399.8
100.699.596.5
95.896.698.598.3
'Demand deposits at ail commercial banks other than those due to domestic banks, the U.S. Government, and foreign banks andofficial institutions less cash items in the process of collection and Federal Reserve float.
"Small denomination and large denomination deposits are those issued in amounts of less than $100,000 and more than $100,000,respectively.
Note.—NSA indicates data are not seasonally adjusted.
See also Table B-59.
Source: Board of Governors of the Federal Reserve System.
302Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-61.—Commercial bank loans and investments, 1939-80
[Billions of dollars]
Year and month
End of month *1939- Dec
1940- Dec ....1941- Dec1942- Dec ..1943: Dec1944- Dec1945- Dec1946- Dec1947- Dec1948- Dec
1948- Dec1949: Dec
1950- Dec1951- Dec1952- Dec1953- Dec1954* Dec1955- Dec1956- Dec1957- Dec1958- Dec1959: Dec
I960: Dec1961- Dec1962- Dec1963- Dec1964- Dec1965- Dec1966: Dec1967- Dec1968- Dec1969- Dec
1970- Dec1971: Dec1972- Dec
Average for month2
1972- Dec1973- Dec1974- Dec1975- Dec1976- Dec1977- Dec1978: Dec1979- Dec
1980:JanFebMaiADr
Way';:.:;..;:v": :.;;:..::. :::::..June
JulvAug •..:....:...."""".:.:.".: : ; : ; : ; . : zSeptOctN o v
Total loansand
investments
40 7
43 950 767.485.1
105.5124 0114 0116.3114.2
Loans
Total
17.2
18.821.719.219.121.626131.138.142.4
Commer-cial andindus-trial
Investments
US.Treasurysecurities
16.3
17.821841.459.877.690 674.869.262.6
Othersecurities
7.1
7.4726.r6.16.3738.19.09.2
Seasonally adjusted
113 0118.7
124.7130 2139.114311531157.61616166.41812188.7
197.4212 8231.2250 2272.33001316.1352.0390.2401.7
435 5485.7558.0
5661647.8713.6744 6804 38911
1,014.31,132.5
1,144.81,162 71165 2116101,154.91,152.0
1160 01,177.21,191.01,204 51,221.2
* 41,542.0
51.156 562.866.269180.688.191.595.6
110.5
116.7123.6137.3153 7172.9198.2213.9231.3258.2279.4
292 0320.9378.9
386 2460.3519.9516.9554 86321747.8847.2
858.5872 7874 78716860.6853.5
855 0865.8876.4886 2899.4
39.4
42.143 947.652158.469.578.686.295.9
105.7
110 0116.2130.4
136 3165.6197.3189.819122112246.5290.5
295.6301.1302 83012297.7295.4
296 2301.4306.0312 0318.4
62 366.4
61.160 462.262 267 660.357 256.965157.7
59.965 364.761560.757.153.559.460.751.2
57 860.662.6
64158.753.782.1
100 699 593.493.8
93.294 894 593 294.697.0
100 9104.4106.6107 9109.3
9210.3
12.413 414.214.716 416.816.317.920.520.5
20.823.929.235.038.744.848.761.371.371.1
85.7104.2116.5
115 8128.8140.0145.7149.0159 6173.1191.5
193.1195.2196.0196.2199.7201.5
204.2207.0208.0210.3212.5
Loans plusloans soldto bankaffiliates
110.5
116.71236137.3153.7172.9198.2213.9231.3258.2283.3
294 7323.7381.5
388 8464.6524.7521.3558.5636.9751.6850.0
861.1875.3877.3874.2863.2856.3
857 8868.7879.3889.0902.1
1 Data are for December 31 call dates.8 Data are prorated averages of Wednesday figures for domestically chartered banks and averages of current and previous month-end
data for foreign-related institutions. Lease financing receivables are included in total loans and investments and in total loans.Source: Board of Governors of the Federal Reserve System.
303Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-62.— Total funds raised in credit markets by nonftnancial sectors, 1972-80
[Billions of dollars] *
Item 1972 1973 1974 1975 1976 1977 1978 1979
Total funds raised by nonfinancial sectors....
U.S. Government
Foreign
Private domestic nonfinancial sectors...
Corporate equities...Debt instruments....
Debt capital instruments....
State and local government obligationsCorporate bondsMortgages
Home.Multi-family residentialCommercialFarm
Other debt instruments..
Consumer creditBank loans n.e.c...Open-market paper.
By borrowing sector: Total
State and local governments.HouseholdsNonfinancial business
FarmNonfarm noncorporate.Corporate
Debt instruments.Equities
Total funds supplied to nonfinancial sectors ,
Financed directly or indirectly by:
Private domestic nonfinancial sectors..,
Deposits
Demand deposits and currencyTime and savings depositsMoney market funds and repurchase agree-
ments
Credit market instruments...
Corporate equities
Foreign funds
At banksCredit and equity instruments..
U.S. Government-related loans, netU.S. Government cash balancesPrivate insurance and pension reserves..Other sources .
176.8
15.1
4.0
157.7
10.9146.8
102.1
14.712.275.2
42.512.716.43.6
44.7
19.817.1
.86.9
157.7
14.565.178.1
5.814.158.2
47.210.9
176.8
122.7
106.7
21.583.6
1.6
21.6
- 5 . 6
14.6
3.810.8
2.6— 426.311.0
203.1
8.3
6.1
7.9180.9
105.1
14.79.2
81.2
46.410.418.95.5
75.8
26.037.1
2.510.3
13.280.195.5
9.612.973.0
65.27.9
203.1
140.3
101.2
14.575.7
11.0
45.7
-6 .7
6.4
3.03.4
11.2- 1 . 530.716.1
191.6
11.8
15.4
164.4
4.1160.3
98.0
16.519.761.9
34.86.9
15.15.0
62.3
9.932.0
6.613.7
164.4
15.551.397.6
8.07.4
82.1
78.04.1
191.6
118.9
73.8
8.2
65.4
.2
47.3
- 2 . 2
22.110.311.7
19.5- 4 . 633.4
2.4
210.8
85.4
13.3
112.1
9.9102.1
98.4
16.127.255.0
39.5= .011.04.6
3.8
9.7-12 .3- 2 . 6
9.0
112.1
13.749.748.6
8.82.0
37.9
28.09.9
210.8
140.4
98.1
12.684.0
1.6
45.8
- 3 . 5
2.1
-8 .710.8
24.92.8
39.7.9
271.9
69.0
20.8
182.0
10,5171.5
123.5
15.722.885.0
63.71.8
13.46.1
48.0
25.64.04.0
14.4
182.0
15.290.576.3
10.94.7
60.7
50.210.5
271.9
168.5
131.9
16.1113.5
2.3
39.8
- 3 . 2
13.4
- 4 . 617.9
20.53.0
47.918.6
338.5
56.8
13.9
267.9
2.7265.1
175.6
23.721.0
131.0
96.47.4
18.48.8
89.5
40.627.02.9
19.0
267.9
20.4139.9'.07.6
14.712.979.9
77.22.7
338.5
189.7
149.5
26.1121.0
2.4
46.4
=6.1
43.2
1.242.0
19.5.9
58.726,5
400.3
53.7
32.3
314.4
2.6311.8
196.6
28.320.1
148.2
104.510.223.310.2
115.2
50.637.35.2
22.2
314.4
23.6162.6128.2
18.115.494.7
92.22.6
400.3
394.9
37.4
21.2
336.4
3.5333.0
199.9
18.921.2
159.9
109.18.9
25.716.2
133.0
44.250.610.927.3
336.4
15.5165.0155.9
25.815.8
114.3
110.83.5
394.9
217.0
151.8
22.2
115.2
14.4
71.4
- 6 . 2
46.56.3
40.1
30.53.7
70.632.0
238.2
144.7
18.984.7
41.0
105.4
-11 .9
20.3
26.3- 6 . 1
35.4
66434.3
See next page for continuation of table.
304Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-62.—Total funds raised in credit markets by nonfinancial sectors, 1972-80—Continued
[Billions of dollars]
Item
Total funds raised by nonfinancial sectors
U S Government
Foreign
Private domestic nonfinancial sectors
Corporate equitiesDebt instruments
Debt capital instruments
State and local government obligations .Corporate bondsMortgages
Home mortgagesMulti-family residentialC o m m e r c i a l ... . . . . . . .Farm
Other debt instruments
Consumer creditBank loans n.e.c... .Open-market paperOther
By borrowing sector: Total
State and local governments. . . . .Households.Nonfinancial business
FarmNonfarm noncorporateCorporate . . . . . ...
Debt instruments.. .. . .Equities
Total funds supplied to nonfinancial sectors
Financed directly or indirectly by:
Private domestic nonfinancial sectors
Deposits
Demand deposits and currencyTime and savings deposits.....Money market funds and repurchase agreements
Credit market instruments
Corporate equities
Foreign funds
At banksCredit and equity instruments
U S Government-related loans netU S Government cash balancesPrivate insurance and pension reservesOther sources ....
1980 unadjusted quarterlyflows
1
816
191
42
58.4
2.056.4
38.5
1.65.0
319
19.72.15.44.7
17 9
- 3 . 56.88.46.3
58.4
1.423.133.9
5.42.2
26.3
24.320
816
44 0
19.3
- 2 3 . 726.916.0
27 6
- 2 . 9
73
7.2.0
6.2- 8 . 0
18.813.4
II
62 5
54
77
49 4
1.248.2
41.9
6.611.4239
14.41.63.64.4
63
- 8 . 12.26.06.2
49.4
5.813.3303
7.9.8
21.6
20.412
62 5
29 4
40.1
5.916.617.6
114
.8
- 1 1 7
- 1 6 . 24.5
15.55.7
20.03.4
III
102 4
271
83
67 0
1.265.3
50.4
8.484
33 6
22.22.6583.0
15 4
3913.0
- 2 . 81.3
67.0
7.827.1321
485.1
22 3
21012
102 4
58 7
43 4
5.734.3
3.5
17 8
- 2 . 5
_ 7
- 6 . 96.3
4.98.5
18.412.6
1980 seasonally adjustedannual rates
1
414 2
614
24 3
328 5
8.0320.5
198.0
20.823 2
154 0
99.88.0
28018.2
122 5
25 937.537.222.0
328.5
20.21421166 2
23 918.4
123 8
115 880
414 2
252 8
151.5
2.784.864.1
118 7
-17 .4
27 8
36.7- 9 . 0
46.3- 6 . 873.02y
ii
236 0
64 2
319
139 8
4.7135.2
138.2
14.843 3801
44.86.5
13.715.1
- 3 1
- 4 4 2- 1 . 822.220.7
139.8
11.740.887 3
23.2- . 1643
59.647
236 0
117 3
165.9
- 2 . 998.470.4
- 5 6 3
7.8
- 2 2 0
-69 .647.6
42.9-12 .1
83.426.5
III
379 4
964
24 9
2581
4.9253.2
177.7
23.433 6
1207
78.010.520 311.8
75 5
6158.7
-10 .220.9
258.1
20.897.8
1394
18 618.8
102 0
97149
379 4
2571
174.6
40.8119.9
14.0
917
- 9 . 2
- 3 3 7
-51 .617.9
7.215.172.661.0
Source: Board of Governors of the Federal Reserve System.
305Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-63.—Federal Reserve Bank credit and member bank reserves, 1929-80
[Averages of daily figures; millions of dollars]
Year and month
Reserve Bank credit outstanding
Total
U.S.Governmentand Federal
agencysecurities
Member bankborrowings
Total SeasonalOtherl
Member bank reserves2
Total Required Excess
1929: Dec...1933: Dec...1939: Dec .
1940: Dec.1941: Dec .1942: Dec1943: Dec .1944-. Dec..1945: Dec .1946: Dec .1947: Dec1948: Dec.1949: Dec .
1950: Dec.1951: Dec.1952: Dec.1953: Dec .1954: Dec1955: Dec1956: Dec1957: Dec.1958: Dec.1959: Dec
1960: Dec .1961: Dec.1962: Dec..1963: Dec1964: Dec...1965: Dec...1966: Dec...1967: Dec...1968: Dec...1969: Dec...,
1970: Dec...1971: Dec..,1972: Dec...1973: Dec...,1974: Dec..,1975: Dec....1976: Dec.1977: Dec..,1978: Dec..,1979: Dec...
1980: Dec. r.
1980:JanFebMar
May*.' .,June
JulyAug....SeptOct. ...NovDec."
1,6432,6692,612
2,3052,4046,03511,91419,61224,74424,74622,85823,97819,012
21,60625,44627,29927,10726,31726,85327,15626,18628,41229,435
29,06031,21733,21836,61039,87343,85346,86451,26856,61064,100
66,70874,25576,85185,64293,96799,651107,632116,382129,330139,896
143,250
138,843135,485136,260139,212139,590141,182
141,744139,235139,993141,695142,984143,250
4462,4322,510
2,1882,2195,54911,16618,69323,70823,76721,90523,00218,287
20,34523,40924,40025,63924,91724,60224,76523,98226,31227,036
27,24829,09830,54633,72937,12640,88543,76048,89152,52957,500
61,68869,15871,09479,70186,67992,108100,328107,948117,344126,276
127,895
126,238123,327124,243127,546129,663131,356
130,997128,070128,684130,661129,743127,895
801953
35490265334157224134118
142657
1,593441246839688710557906
87149304327243454557238765
1,086
321107
1,0491,29870312762
558874
1,473
1,617
1,2411,6552,8242,4551,018380
395659
1,3111,3352,1561,617
413213125413482
116
75961501556312
710266799116
39614299
114180482658654702822729842607
1,1191,3801,3061,0271,1541,4121,7031,4941,5431,493
1,7251,9702,3682,5542,5042,5142,5472,1393,3165,514
4,6994,9904,7084,6436,5857,4167,2427,876
11,11212,147
13,738
11,36410,5039,1939,2118,90<9,446
10,35210,5069,9989,699
11,08513,738
2,3952,588
11,473
14,04912,81213,15212,74914,16816,02716,51717,26119,99016,291
17,39120,31021,18019,92019,27919,24019,53519,42018,89918,932
19,28320,11820,04020,74621,60922,71923,83025,26027,22128,031
29,26531,32931,35335,06836,94134,98935,13636,47141,57243,972
* 40,097
45,17043,15643,09744,87743,96843,479
42,85940,37341,16441,815
* 41,6784 40,097
2,347M,822
6,462
7,4039,422
10,77611,70112,88414,53615,61716,27519,19315,488
16,36419,48420,45719,22718,57618,64618,88318,84318,38318,450
18,51419,55019,46820,21021,19822,26723,43824,91526,76627,774
28,99331,16431,13434,80636,60234,72734,96436,29741,44743,578
40,067
44,92842,96642,91144,68343,78543,268
42,57540,07140,90841,49840,72340,067
483 7665,011
6,6463,3902,3761,0481,2841,491900986797803
1,027826723693703594652577516482
769568572536.411452392345455257
272165219262339262172174125394
242190186194183211
284302256317
5 955•30
1 Mainly float.2 Beginning December 1959, part of currency and cash held by member banks allowed as reserves; beginning November 1960 all
such currency and cash allowed.Beginning November 1972, includes reserve deficiencies on which Federal Reserve Banks were allowed to waive penalties for a
transition period in connection with bank adaptation to Regulation J as amended effective November 9, 1972. Transition period endedafter second quarter 1974.
Effective November 1975, includes reserve deficiencies on which penalties are waived over a 24-month period when a nonmemberbank merges into an existing member bank, or when a nonmember bank joins the Federal Reserve System.3 Data are for licensed banks only.
* Includes all reserve balances of depository institutions plus vault cash at institutions with required reserve balances plus vault cashequal to required reserves at other institutions.8 Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements less required reserves. (Thismeasure of excess reserves is comparable to the old excess reserve concept published historically.)
Source: Board of Governors of the Federal Reserve System.
306Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-64.—Aggregate reserves and member bank deposits, 1959-80
[Averages of daily figures; billions of dollars, seasonally adjusted]
Year and month
1959: Dec
I960: Dec1961: Dec1962: Dec .1963: Dec.1964: Dec
1965: Dec1966: Dec1967: Dec1968: Dec1969: Dec
1970: Dec1971: Dec1972: Dec1973: Dec1974- Dec
1975: Dec.1976: Dec1977: Dec1978: Dec .1979: Dec
1980: Dec. P
1979:JanFebMarp..-:::June
JulyAueSeptOctNovDec
1980:JanFeb...MarAprMayJune
JutvAugSeptOctNovDec "
Reserves of depositoryinstitutions1
Total2
18.61
18.9119.7619.7220.3921.27
22.3423.3924.9127.1828.07
29.2231.2831.4034.9836.66
34.6734.9036.0041.1643.57
40.13
413640.87407540.7040.6740.53
40:7841.1141.4342.2043.0643.57
43.4443.3543.6744.8544.4543.96
42.7840.7541.5241.7341.2340.13
Non-borrowed
17.67
18.8419.6319.4620.0621.01
21.9022.8624.6926.4326.95
28.8931.1530.3533.6835.94
34.5434.8535.4340.2942.10
38.44
40 3639,9039 7639.7838.9039.11
39.6140.0340.0940.1841.1542.10
42.2041.7040.8542.3943.4343.58
42.3940.0940.2140.4239.1738.44
Re-quired
18.10
18.1719.1819.1419.9020.87
21.9223.0524.5426.7527.78
28.9731.0931.1134.6836.41
34.4034.6335.8140.9343.13
39.58
411540.6640 5940.5240.5340.31
40.5740.8941.2441.9342.8143.13
43.1943.1443.4844.6544.2743.76
42.5040.4541.2641.5240.7339.58
Mone-tary
base3
48.3
48.750.251.253.856.5
59.862.966.572.075.6
79.885.590.298.6
106.8
111.0118.4127.6142.2153.8
159.8
143 2143.4143 9144.6145.1145.9
147.1148.6150.0151.5152.8153.8
154.7155.6156.6157.9158.5158.9
158.8158.2159.5160.9160.6159.8
Member bank deposits subject toreserve requirements
Total
157.8
162.2175.4189.1203.7219.1
238.9246.8276.3300.4288.0
321.7361.1402.8443.4487.2
504.9528.3567.6616.1644.4
701.8
619 0617.5615 4618.7616.0614.7
619.3625.4631.5638.2641.9644.4
643.7647.2649.1655.4656.8658.0
658.5667.8678.2684.7694.5701.8
Timeand
savings
54.4
58.967.880.192.4
104.1
121.1129.0149.3164.9150.7
179.4211.4242.4280.4323.3
337.5353.6385.6428.7451.1
503.9
431.2432.9432.3431.8429.8427.6
430.6436.3441.7446.6450.1451.1
451.9454.4457.9464.2467.7467.9
467.0474.2482.0486.7494.2503.9
Private
98.6
98.8102.7103.3105.9109.1
113.0114.1121.5130.6132.1
136.1143.8154.4158.2160.6
164.6171.7178.5185.1191.5
195.9
185 8182.71812185.0184.2185.0
186.9187.0188.1189.8190.0191.5
189.5190.9189.4188.7187.3188.4
189.1191.5194.5195.6198.2195.9
U.S.Govern-
ment
4.8
4.64.95.75.45.9
4.83.75.44.95.2
6.25.86.14.83.3
2.83.03.52.21.8
1.9
201.9181.91.92.1
1.82.11.71.71.91.8
2.31.91.82.41.81.7
2.52.11.82.42.21.9
Adjusted for changes in reserverequirements4
Total
16.12
16.3516.9117.3617.8518.50
19.3019.4121.2022.5322.43
23.9825.6328.5330.2532.15
32.1732.6734.1036.0337.51
40.11
361935.7135 6035.5735.5935.56
35.8036.0536.2936.8236.9437.51
37.4837.4037.4837.5237.4937.46
37.5738.0538.7338.89
M0.0640.11
institutions
Non-borrowed
15.18
16.2716.7717.1017.5218.24
18.8618.8820.9721.7821.31
23.6525.5027.4828.9531.42
32.0432.6233.5335.1636.03
38.42
351934.7434 6134.6533.8334.14
34.6334.9634.9534.8035.0336.03
36.2335.7534.6535.0636.4737.08
37.1837.3937.4137.58
538.0038.42
sitory
Re-quired
15.61
15.6016.3216.7917.3618.10
18.8819.0720.8222.1022.14
23.7325.4428.2529.943189
31.9032.3933.9135.8037.06
39.56
35 9835.51354435.4035.4535.34
35.5935.8336.1036.5536.6937.06
37.2237.1937.2937.3237.3137.26
37.2937.7538.4738.69
5 39.5639.56
Mone-tarybase
45.8
46.147.348.851.353.8
56.758.962.867.369.9
74,679.987.393.9
1021
107.6115.2124.8136.1146.8
159.7
137 1137.3137 9138.5139.2140.1
141.2142.6144.0145.2145.8146.8
147.8148.7149.5149.7150.7151.5
152.6154.6155.8157.1
5159.1159.7
1 Reserves of depository institutions series reflect actual reserve requirement percentages with no adjustment to eliminate the effectof changes in Regulations D and M. Prior to November 13, 1980, the date of implementation of the Monetary Control Act, only thereserves of commercial banks that were members of the Federal Reserve System were included in the series. Since that date the seriesinclude the reserves of all depository institutions. In conjunction with the implementation of the act, required reserves of memberbanks were reduced about $4.3 billion and required reserves of other depository institutions were increased about $1.4 billion. EffectiveOctober 11, 1979, an 8 percentage point marginal reserve requirement was imposed on "managed liabilities". This action raisedrequired reserves about $320 million. Effective March 12, 1980, the 8 percentage point marginal reserve requirement was raised to 10percentage points. In addition the base upon which the marginal reserve requirement was calculated was reduced. This action increasedrequired reserves about $1.7 billion in the week ending April 2, 1980. Effective May 29, 1980, the marginal reserve requirement wasreduced from 10 to 5 percentage points and the base upon which the marginal reserve requirement was calculated was raised. Thisaction reduced required reserves about $980 million in the week ending June 18, 1980. Effective July 24, 1980, the 5 percent marginalreserve requirement on managed liabilities and the 2 percent supplementary reserve requirement against large time deposits wereremoved. These actions reduced required reserves about $3.2 billion.2 Reserve balances with Federal Reserve Banks plus vault cash at institutions with required reserve balances plus vault cash equal torequired reserves at other institutions.3 Includes reserve balances at Federal Reserve Banks in the current week plus vault cash held two weeks earlier used to satisfyreserve requirements at all depository institutions plus currency outside the U.S. Treasury, Federal Reserve Banks, the vaults ofdepository institutions, and surplus vault cash at depository institutions.4 Reserve aggregates series have been adjusted to remove discontinuities associated with the implementation of the Monetary ControlAct, marginal reserve requirements, the inclusions of Edge Act Corporation reserves, and other changes in Regulations D, K, and M.
5 Reserve measures beginning November reflect increases in required reserves associated with the reduction of weekend avoidanceactivities of a few large banks. The reduction in these activities leads to essentially a one-time increase in the average level of requiredreserves that need to be held for a given level of deposits entering the money supply. In November, this increase in required reserves isestimated at $550 to $600 million.
Source: Board of Governors of the Federal Reserve System.307Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-65.—Bond yields and interest rates, 1929-80
[Percent per annum]
Year or month
1929
1933 .
1939...
1940194119421943 .1944
19451946194719481949
19501951195219531954
195519561957 . ..19581959. . .
1960. . .1961 ...1962. . .19631964 . . . .
19651966196719681969
197019711 9 7 2 . . .19731974
197519761977, . .!19781979
1980
U.I>. Treasury securities
Bills(new
issues)»
3-month
0 515
023
.014
.103326
.373375
.375
.375
.5941.0401.102
1.2181.55217661931.953
1.7532.6583.2671.8393.405
2 9282 3782.7783.1573 549
3 9544.8814.3215 3396 677
6.4584 3484.0717 0417.886
5.8384.9895 2657,221
10.041
11.506
6-month
3.832
3.2472.6052.9083.2533.686
4.0555.0824.6305.4706.853
6.5624.5114.4667.1787.926
6.1225.2665.5107.572
10.017
11.374
Constantmaturities2
3years
2.47"1.63
2.473.193.982.844.46
3.983.543.473.674.03
4.225.235.035.687.02
7.295.655.726.957.82
7.496.776.698.299.71
11.55
10years
* 2 852.40
2.823.183.653.324.33
4.123.883.954.004.19
4.284.925.075.656.67
7.356.166.216.847.56
7.997.617.428.419.44
11.46
Corporatebonds
(Moody's)
Aaa
4 73
4.49
3.01
2.842.772 832.732.72
2.622.532.612.822.66
2.622.862.963.202.90
3.063.363.893.794.38
4.414.354.334.264.40
4.495.135.516.187.03
8.047.397.217,448.57
8.838.438.028.739,63
11.94
Baa
5 90
7.76
4.96
4.754.334 283,913.61
3.293.053.243.473.42
3.243.413.523.743.51
3.533.884.714.735.05
5.195.085.024.864.83
4.875.676.236.947.81
9.118.568.168.249.50
10.619.758.979.49
10.69
13.67
High-grade
palbonds(Stand-ard &
Poor's)
4 27
4.71
2.76
2 502102 362 06186
1671642 012 402.21
1.982.002.192.722 37
2.532.933.603.563.95
3 733.463.183.233.22
3.273.823.984.515.81
6.515.705.275,186.09
6.896.495.565.906.39
8.51
New-home
mortgageyields
(FHLBB)3
5.89"5.82
5.816.256.466.977.80
8.457.747.607.958.92
9.018.999.019.54
10.77
12.65
Prime
mercialpaper,
months
5.85
1.73
.59
.56
.5366
.69
.73
.75
.811.031.441.49
1.452.162.332.521.58
2.183.313.812.463.97
3.852.973.263.553.97
4.385.555.105.907.83
7,725.114.698.159.87
6.335.355.607.99
710.91
12.29
Prime ratecharged by
banks*
5'/fe-6
iy 2 -4
1.50
1.501.501.501.501.50
1.501.50
lVfe-1%l%-2
2.00
2.072.563.003.173.05
3.163.774.203.834.48
4.824.504.504.504.50
4.545.635.616.307.96
7.915.725.258.03
10.81
7.866.846.839.06
12.67
15.27
Discountrate,
FederalReserveBank of
York4
5.16
2.56
1.00
1.001.00
61.0081.00M.0061.00•1.00
1.001.341.50
1.591.751.751.991.60
1.892.773.122.153.36
3.533.003.003.233.55
4.044.504.195.165.87
5.954.884.506.447.83
6.255.505.467.46
10.28
11.77
Federalfundsrate*
1.782.733.111.573.30
3.221.962.683.183.50
4.075.114.225.668.20
7.184.664.438.73
10.50
5.825.055.547.93
11.19
13.35
See next page for continuation of table.
308Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-65.—Bond yields and interest rates, 1929-80—Continued
[Percent per annum]
Year or month
U.S. Treasury securities
(newissues)'
month month
Constantmaturities2
3years
10years
Corporatebonds
(Moody's)
Aaa
High-grade
munici-pal
bonds(Stand-ard &
Poor's)
Primecom-
mercialpaper.
months
Prime ratecharged by
banks*
Discountrate,
FederalReserveBank of
New York4
Federalfundsrate*
1978:Jan..Feb..Mar...
t:June .July...Aug...SeptOct..Nov.Dec .
1979*Jan..Feb.Mar..
t.June..July...Aug..Sept.O c t . .Nov...Dec...
1980:JanFeb..Mar..Apr.May ..June..
JulyAug
SP-: -OciNovDec
6.4486.4576.3196.3066.4306.707
7.0747.0367.8368.1328.7879.122
9.3519.2659.4579.4939.5799.045
9.2629.450
10.18211.47211.86812.071
12.03612.81415.52614.0039.1506.995
8.1269.259
10.32111.58013.88815.661
6.6856.7406.6446.7007.0197.200
7.4717.3637.9488.4939.2049.397
9.5019.3499.4589.4989.5319.062
9.1909.450
10.12511.33911.85611.847
11.85112.72115.10013.6189.1497.218
8.1019.443
10.54611.56613.61214.770
7.617.677.707.858.078.30
8.548.338.418.629.049.33
9.509.299.389.439.428.95
8.949.149.69
10.9511.1810.71
10.8812.8414.0512.029.448.91
9.2710.6311.5712.0113.3113.65
7.968.038.048.158.358.46
8.648.418.428.648.819.01
9.109.109.129.189.258.91
8.959.039.33
10.3010.6510.39
10.8012.4112.7511.4710.189.78
10.2511.1011.5111.7512.6812.84
8.418.478.478.568.698.76
8.698.698.899.039.16
9.259.269.379.389.509.29
9.209.239.44
10.1310.7610.74
11.0912.3812.9612.0410.9910.58
11.0711.6412.0212.3112.9713.21
9.179.209.229.329.499.60
9.609.489.429.599.839.94
10.1310.0810.2610.3310.4710.38
10.2910.3510.5411.4011.9912.06
12.4213.5714.4514.1913.1712.71
12.6513.1513.7014.2314.6415.14
5.605.515.495.715.976.13
6.185.985.935.956.036.33
6.256.196.166.146.105.99
6.056.106.406.987.197.09
7.218.049.098.407.377.60
8.628.959.119.55
10.09
9.159.189.269.309.379.46
9.579.709.739.839.87
10.02
10.1810.2010.3010.3610.4710.66
10.7811.0111.0211.2111.3711.64
11.8711.9312.6213.0313.6812.66
12.4812.2512.3512.6113.0413.27
6.796.806.806.867.117.63
7.917.908.449.03
10.2310.43
10.3210.019.969.879.989.71
9.8210.3911.6013.23
713.2612.80
12.6613.6016.5014.939.298.03
8.299.61
11.0412.3214.7316.49
7% -88 -88 -88 -88 -8*48*4 -9
9 -99 -9%9y4 -9%9%-ioy*
10*4-11*411*4-11%
n%-u%im-n%n%-n%H3/4-ll%11%-11%
11%-llH
11*4-11%
13*4-15155
15%16%16%-19*419*4-19*418*6-1414 -1212 -1111 -11*4U%-13
14*4-17%17%-21*4
6 -6*4SY2 -BV26% -6*46y2 -6*46y2 -77 -7
7 -7y41% -7%7% -88 -8%9 9
9*4 -9*49*4 -9*49*4 -9*49y* -9*49 Ms -9Y2
9*4-1010 -10*410*4-11U -1212 -1212 -12
12 -1212 -1313 -1313 -1313 -1212 -11
11 -1010 -1010 -1111 -1111 -1212 -13
6.706.786.796.897.367.60
7.818.048.458.969.76
10.03
10.0710.0610.0910.0110.2410.29
10.4710.9411.4313.7713.1813.78
13.8214.1317.1917.6110.989.47
9.039.61
10.8712.8115.8518.90
1 Rate on new issues within period; bank-discount basis.2 Yields on the more actively traded issues adjusted to constant maturities by the Treasury Department.3 Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as weft as contract rate and
assuming on the average, repayment at end of 10 years. Rates beginning January 1973 not strictly comparable with prior rates.4 Average effective rate for the year, except for prime rate for 1929-33 and 1947-48, which are ranges of the rate in effect during
the period; opening and closing rate for the month.5 Since July 19, 1975, the daily effective rate is an average of the rates on a given day weighted by the volume of transactions at
these rates. Prior to that date, the daily effective rate was the rate considered most representative of the day's transactions, usuallythe one at which most transactions occurred.
6 From October 30, 1942, to April 24, 1946, a preferential rate of 0.50 percent was in effect for advances secured by Governmentsecurities maturing in 1 year or less.
7 Beginning November 1979, data are for 6-months paper.8 On May I , range of 18*4-19 was in effect.Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Home Loan Bank Board (FHLBB),
Moody's Investors Service, and Standard & Poor's Corporation.
309Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-66—Consumer credit outstanding and net change, 1950-80
[Millions of dollars]
Year and month
Amount outstanding (end of month)
Total
Installment credit >
Total Auto-mobile
Revolv-ing 2 Mobile
home3 Other
Nonin-stallmentcredit *
Net change from preceding period
Total
Installmentcredit l
Total Auto-mobile
Nonin-stallmentcredit *
1950: Dec.1951: Dec.1952: Dec1953: Dec.1954: Dec1955: Dec.1956: Dec1957: Dec..1958: Dec.1959: Dec .
I960: Dec1961: Dec1962: Dec1963: Dec1964: Dec1965: Dec.1966: Dec1967: Dec .1968: Dec1969: Dec
1970: Dec1971: Dec1972: Dec .1973: Dec.1974: Dec ,1975: Dec.1976: Dec.1977: Dec...1978: Dec...1979: Dec.
1979:Jan.Feb..Mar...
May.June.July..Aug.Sept.OctNovDec.
1980:JanFebMar...
ftJune.July.Auga..Nov..
25,64127,26832,55136,73638,19245,34849,26852,19152,70260,741
65,10467,63573,91782,80592,591103,207109,749115,430126,949137,742
143,113157,795177,639203,077213,427223,140248,916289,133337,713380,528
337,603338,995342,678346,864352,096356,241
359,020364,224368,545371,644375,268380,528
378,277377,046376,334374,491371,732370,018
371,917374,172375,526376,151
15,50316,22020,47024,25424,89130,26933,17135,44335,33941,123
45,05146,02750,99457,82965,57273,88179,33983,14891,681101,161
105,528118,255133,173155,108164,594171,996193,525230,564273,645312,024
273,863274,770277,321281,191285,717289,928
293,151298,006301,978304,370307,336312,024
311,012310,149309,127307,831305,788304,399
303,853305,763306,926307,222308,051
6,0155,9587,6359,6859,74713,47114,48415,47214,25816,632
18,08317,59919,92422,84225,81729,35530,99231,13134,34836,946
36,32540,51947.86253,77254,26657,24267,70782,911101,647116,362
102,419103,511105,456107,188109,279111,121
112,187113.685115,190115,668116,102116,362
116,719117,202117,642117,502117,058116,456
116,125116,868116,781116,657116,517
2,1053,720
5,1288,5289,70011,70913,68115,01917,18939,27448,30956,937
47,80047,06846,77047,24547,85548,545
48,91850,30451,23051,92853,27056,937
56,25655,26954,26953,69053,22553,042
53,03653,77154,40654,59855,304
2,4617,2269,52613,58014,64214,43414,57314,94515,23516,838
15,40115,60115,85515,92516,10716,236
16,31816,48716,58416,71816,79316,838
16,83216,87516,94416,97416,91216,988
17,00417,06817,11317,27617,293
9,48810,26212,83514,56915,14416,79818,68719,97121,08124,491
26,96828,42831,07034,98739,75544,52648,34752,01755,22860,495
61,61461,98266,08576,04782,00585,30194,05693,434108,454121,887
108,243108,594109,240110,833112,476114,026
115,728117,530118,974120,056121,171121,887
121,205120,803120,272119,665118,593117,913
117,688118,056118,626118,691118,937
10,13811,04812,08112,48213,30115,07916,09716,74817,36319,618
20,05321,60822,92324,97627,01929,32630,41032,28235,26836,581
37,58539,54044,46647,96948,83351,14455,39158,56964,06868,504
63,74064,22165,35765,67366,37966,313
65,86966,21866,56767,27467,93268,504
67,26566,89767,20766,66065,94465,619
68,06468,40968,60068,929
4,7891,6275,2834,1851,4567,1563,9202,923
5118,039
4,3632,5316,2828,8889,786
10,6166,5425,681
11,51910,793
5,37114,68219,84425,43810,3509,713
25,77640,21748,58042,815
3,271717
4,2503,784
6375,3782,9022,272-1045,784
3,928976
4,9676,8357,7438,3095,4583,8098,5339,480
4,36712,72714,91821,935
9,4867,402
21,52937,03943,08138,379
1,6772,050
623,7241,013
988-1,214
2,374
1,451- 4 8 42,3252,9182,9753^381,637
1393,2172,598
- 6 2 14,1947,3435,910
4942,976
10,46515,20418,73614,715
1,518910
1,033401819
1,7781,018
651615
2,255
4351,5551,3152,0532,0432,3071,0841,8722,9861,313
1,0041,9554,9263,503
8642,3114,2473,1785,4994,436
Seasonally adjusted6
5,6025,8975,3835,2883,7482,322
3,1183,5245,2344,7053,4102,608
1,9592,5171,277
-3,827-4,102-1,961
- 5 4 4835
1,009524
4,2144,2203,3503,8093,1662,611
2,8162,7314,0083,0332,6942,033
2,7272,403
654= 1,671= 2,677-2,045
-1,199489
1,055702839
2,0311,6811,5791,3881,140
816871
1,713954794
1,014
1,538982513
-^643-1,041= 1,026
-71735584
201245
1,3881,6772,0331,479
582289
302793
1,2261,672
716575
-=768114623
-2,156-1,425
84
655346
=46= 178
1 Installment credit covers most short- and intermediate-term credit extended to individuals through regular business channels,usually to finance the purchase of consumer goods and services or to refinance debts incurred for such purposes, and scheduled to berepaid (or with the option of repayment) in two or more installments.
2 Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Prior to1968, included in "other," except gasoline companies, included in noninstallment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in ''other. Also beginning 1977, some retail credit was reclassified from commercial intoconsumer credit. Credit secured by real estate is generally excluded.3 Not reported separately prior to July 1970.
4 Because of inconsistencies in the data and infrequent benchmarking, series on noninstallment credit is no longer published by theFederal Reserve Board on a regular basis. Data are shown here as a general indication of trends.
6 For installment credit, computed as the difference between extensions and liquidations (both seasonally adjusted); see also TableB 67, For noninstallment credit, computed as the change from one month to another in the seasonally adjusted amount outstanding.
Source: Board of Governors of the Federal Reserve System.
310Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-67—Consumer installment credit extended and liquidated, 1930-80
[Millions of dollars; monthly data seasonally adjusted]
Year or monthTotal
Ex-tended
Liqui-dated
Automobile
Ex-tended
Liqui-dated
Revolving»
Ex-tended
Liqui-
Mobile home2
Ex-tended
Liqui-dated
Other
Ex-tended
Liqui-dated
195019511952195319541955.1956195719581959
1960196119621963 ..19641965196619671968. ..1969
1970 .1971 .19721973197419751976197719781979
1979:JanFeb...Mar ..
June.
July .Aug...Sept...Oct ..
Dec . .
1980:JanFebMar
iday"June. ...JulyAugSeptOct
22,13024,58330,61632,57932,26540,26340,88643,10141,13849,134
50,82750,59857,56264,66072,44579,91883,82189,058101,426109,422
115,132138,046151,749173,035172.765180,083210,740257,600297,668324777
26,58227,22326,17326,93027,59526,231
27,10827r59328,10927,71226,89526,638
27,92327,58125,88123,22022,09322,349
23,99726,17627,06427,36525,991
18,86123,86726,35528,79431,62534,88237,89940,75941,29043,395
47,02249,73552,60157,82264,61671,61678,36585,19492,07599,945
110,352127,789136,787152,817163,276172,675189,179222,138254,589286,396
22,36823,00322,82323,12124,42923,620
24,29224,86224,10124,67924,20124,605
25,19625,17825,22724,89124,77024,394
25,19625,68726,00926,66325,152
8,4458,95111,61012,74011,74116,73215,57216,55414,28718,008
18,11216,47720,16422,61724,79227,91327,84427,62332,22833,686
30,85736,70643,70249,60646,51452,42063,74375,64187,981,93,901
7,9247,90S7,7897,9558,1007,427
7,5867,8028,3807,8147,4707.735
8,4417,9737,3725,9225,5335,550
6,0687,4007,5187,5447,117
6,9069,0089,93210,68911,67913,00814,55915,56715,50115,638
16,66116,96017,84019,69921,81524,38626,20627,48229,01331,090
31,41432,51238,08143,69646,01949,44453,27860,43769,24579,186
5,8936,2246,2106,5676,9606,439
6,7706,9316,6676,8606,6766.721
6,9036,9916,8596,5656,5746,576
6,7857,0457,4347,3436,872
3,4816,182
8,68921,86224,65928,70233,21336,95643,93487,596105,125ll20,174
9,5539,8719,5339,7249,9419,919
9,94910,30310,35610,43910,50010,146
10,50010,75610,63410,34710,30210,341
10,67910,70011,14311,12410,953
2,7264,567
7,27820,81823,48526,69931,24335,61641,76481,34896,090
1111546
8,7168,9898,8778,8919,1649,326
9,4429,4949,6109,5799,7819.745
9,97110,03410,37310,67710,58910,436
10,64110,41910,66510,85110,688
6122,5215,1217,0615,7884,3264,8595,7125,4126,471
613675615496609498
492527507531488453
522452435397299424
377415442513424
4781,7542,9754,1844,7204,5364,7205,3415,1264,868
323399414431424430
430413411405398368
418397380383349366
363382399372400
13,68515,63219,00619,83920,52423,53125,31426,54726,02631,126
32,71534,12137,39842,04347,65352,00555,97761,43565,71769,554
74,98076,95778,26787,66687,25086,38198,20488,65199,150104,231
8,4928,7728,2368,7558,9458,387
9,0818,9618,8668,9288,4378.304
8,4608,4007,4406,5545,9596,034
6,8737,6617,9618,1847,497
11,95514,85916,42318,10519,94621,87423,34025,19225,78927,757
30,36132,77534,76138,12342,80147,23052,15957,71260,38664,288
71,18872,70572,24678,23881,29483,07989,41775,01284,12890,796
7,4367,3917,3227,2327,8817,425
7,6508,0247,4137,8357,3467771
7,9047,7567,6157,2667,2587,016
7,4077,84175118,0977,192
1 Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Prior to1968, included in "other," except gasoline companies included in noninstallment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in other. Also beginning 1977, some retail credit was reclassified from commercial intoconsumer credit. Credit secured by real estate is generally excluded.
2 Not reported separately prior to July 1970.Note.—Installment credit covers most short- and intermediate-term credit extended to individuals through regular business channels,
usually to finance the purchase of consumer goods and services or to refinance debts incurred for such purposes, and scheduled to berepaid (or with the option of repayment) in two or more installments.
Liquidated credit includes repayments, chargeoffs, and other credit.See also Table B-66.Source: Board of Governors of the Federal Reserve System.
311Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-68.—Mortgage debt outstanding by type of property and of financing, 1939-80
[Billions of dollars]
End of yearor quarter
1939
19401941194219431944
19451946194719481949
19501951195219531954
1955195619571958.. .1959. .
19601961196219631964
196519661967.. ..1968..1969
19701971..1972..19731974
19751976..1977.. . .1978..1979..
1978:
III™ "' .IV...
1979:
IIIIII...IV
1980:1II....III...
All
proper-ties
35.5
36.537.636.735 334.7
35.541.848.956.262.7
72.882.391.4
101.3113.7
129.9144.5156.5171.8190.8
207.5228.0251.4278.5305.9
333.3356.5381.2410.9441.4
474.2526.5603.4682.3742.5
801.5889.2
1,023.51,172.81,333,6
1,051.71,092.21,133.51,172.8
1,206.21,252.41,295.91,333.6
1,363.81,386.31,149.2
proper-ties
6.6
6.56.46.0544.9
4.8495.15.35.6
6.16.77.27.78.2
9.09.8
10.411.1121
12.813.915.216.818.9
21.223.125.127.429.2
30.332.235.841.346.3
50.957.065.876.292.4
68.170.973.876.2
80.285.189.292.4
97.0101.4104.3
Nonfarm properties
Total
28.9
30.031.230.829929.7
30.836.943.950.957.1
66.775.684.293.6
105.4
120.9134.61461160.71787
194.7214.1236.2261.7287.0
312.1333.4356.1383.5412.2
443.8494.3567.7641.1696.2
750.7832.2957.7
1,096.61.241.2
983.71,021.41,059.71,096.6
1,126.01,167.41,206.81,241.2
1,266.81,285.01,314.9
1- to 4-familyhouses
16.3
17.418.418.217 817.9
18.623028.233.337.6
45.251.758.566.175.7
88.299.0
107 6117.71309
141.9154.7169.3186.4203.4
220.5232.9247.3264.8282.8
298.1328.3372.2416.2449.4
490.8556.5656.6761.8872.1
676.4706.3734.8761.8
784.5817.0846.3872.1
891.2904.2926.2
Multi-familyprop-erties
5.6
5.75.95.8585.6
5.7616.67.58.6
10.111.512.312.91.3.5
14.314.915316.818 7
20.323.025.829.033.6
37.240.343.947.352.3
60.170.182.893.1
100.0
100.6104.5111.8122.0130.7
113.7116.4119.4122.0
124.0125.9128.3130.7
132.1133.6136.0
Com-mercialproper-ties'
7.0
6.97.06.76.36.2
6.47.79.1
10.210.8
11.512.513.414.516.3
18.320.723.226.129.2
32.436.441.146.250.0
54.560.164.871.477.1
85.695.9
112.7131.7146.9
159.3171.2189.3212.7238.4
193.6198.7205.6212.7
217.5224.5232.2238.4
243.5247.1252.7
Nonfarm properties by type of mortgage
Government underwritten
Total2
1.8
2.33.03.74.14.2
4.36.39.8
13.617.1
22.126.629.332.136.2
42.947,851655.1593
62.365.669.473.477.2
81.284.188.293.4
100.2
109.2120.7131.1135.0140.2
147.0154.1161.7176.4199.0
165.3167.4174.7176.4
183.0187.1194.3199.0
207.5210.8
1- to 4-family houses
Total
1.8
2.33.03.74.14.2
4.36.19.3
12.515.0
18.922.925.428.132.1
38.943.947 250.1538
56.459.162.265.969.2
73.176.179.984.490.2
97.3105.2113.0116.2121.3
127.7133.5141.6153.4172.9
144.7146.7150.7153.4
158.4162.2168.2172.9
180.8184.1
FKAinsured
1.8
2.33.03.7414.2
4.13.73.85.36.9
8.69.7
10.812.012.8
14.315.516519.723 8
26.729.532.335.038.3
42.044.847.450.654.5
59.965.768.266.265.1
66.166.568.071.481.0
68.669.269.971.4
73.976.479.181.0
86.087.499.4
VAguar-
anteed
0.22.45.57.28.1
10.313.214.616.119.3
24.628.430 730.430 0
29.729.629.930.930.9
31.131.332.533.835.7
37.339.544.750.056.2
61.667.073.682.092.0
76.177.680.882.0
84.585.889.292.0
94.896.7
Conventional3
Total
27.1
27.728.227.125.825.5
26.530.634.137.340.0
44.649.054.961.569.2
78.086.894.6
105.5119.4
132.3148.5166.9188.2209.8
231.0249.3267.9290.1312.0
334.6373.5436.5506.0556.0
603.7678.0795.9920.2
1,042.2
818.4853.9885.1920.2
943.1980.3
1,012.51,042.2
1,059.21,074.1
1-to 4-familyhouses
14.5
15.115.414.513.713.7
14.316.918.920.822.6
26.328.833.138.043.6
49.355.160467.677 0
85.595.6
107,1120.5134.1
147.4156.9167.4180.4192.7
200.8223.1259.2300.0328.1
363.0422.9515.0608.5699.1
531.7559.6584.0608.5
626.2654.7678.1699.1
710.3720.1
1 Includes negligible amount of farm loans held by savings and loan associations.2 Includes FHA insured multifamily properties, not shown separately.3 Derived figures. Total includes multifamily and commercial properties, not shown separately.Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.
312Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-69-— Mortgage debt outstanding by bolder, 1939-80
[Billions of dollars]
End of year or quarter
1939
19401941194219431944
1945194619471948.1949
19501951195219531954
19551956 .... .19571958.1959 .
19601961196219631964
1965 . . .1966196719681969 . .
19701971197219731974
1975197619771978 ..1979
1978.
I!IllIV.
1979:|II . .IllIV
1980-1 . . . .1!Ill
Total
35.5
36.537.636.7353347
35.541.848.956.262.7
72.882 391.4
101.3113.7
129.9144.5156.5171.8190.8
207.5228.0251.4278.5305.9
333.3356.5381.2410.9441.4
474.2526.5603.4682.3742.5
801.5889 2
1,023.51,172.81,333.6
1,051.71,092.21,133.51,172.8
1,206.21,252.41,295.91,333.6
1,363.81,386.31,419.2
Total
18.6
19.520.720.720 220.2
21.026.031.837.842.9
51.759 566.975.185.7
99.3111.2119.7131.5145.5
157.6172.6192.5217.1241.0
264.6280.8298.8319.9339.1
355.9394.2450.0505.4542.6
581.2647 5745.0848.1939.5
764.6793.8822.0848.1
866.0894.4920.2939.5
951.9958.9977.5
Major
Savingsandloan
associa-tions
3.8
4.14.64.6464.8
5.47.18.9
10.311.6
13.715618.422.026.1
31.435.740.045.653.1
60.168.878.890.9
101.3
110.3114.4121.8130.8140.2
150.3174.3206.2231.7249.3
278.6323 0381.2432.8475.8
392.4407.9420.9432.8
441.4456.5468.3475.8
479.1481.2492.1
financial institutions
Mutualsavingsbanks
4.8
4.94.84.64.44.3
4.24.44.95.86.7
8.39.9
11.412.915.0
17.519.721.223.325.0
26.929.132.336.240.6
44.647.350.553.556.1
57.962.067.673.274.9
77.281688195.298.9
89.891.593.495.2
96.197.297.998.9
99.299.299.3
Commer-cial
banks1
4.3
4.64.94.74.54.4
4.87.29.4
10.911.6
13.714 715.916.918.6
21.022.723.325.528.1
28.830.434.539.444.0
49.754.459.065.770.7
73.382.599.3
119.1132.1
136.21513179.0214.0246.0
184.4194.5205.4214.0
220.1229.6239.6246.0
251.2253.1258.0
Lifeinsur-ancecom-
panies
5.7
6.06.46.7676.7
6.67.287
10.812.9
16.119.321.323.326.0
29.433.035.237.139.2
41.844.246.950.555.2
60.064.667.570.072.0
74.475.576.981.486.2
89.291696.8
106.2118.8
97.999.9
102.2106.2
108.4111.1114.4118.8
122.5125.5128.1
Other holders
Federaland
relatedagen-cies2
5.0
4.94.74.33.63.0
2.42.01.81.82.3
2.83.54.14.64.8
5.36.2778.0
10.2
11.512.212.611.812.2
13.517.520.925.131.1
38.346.454.664.882.1
101.0116 6140.3170.5216.6
146.0152.6161.4170.5
181.2192.4203.8216.6
228.8238.4246.1
Individ-ualsand
others
11.9
12.012.211711511.5
12.113.815.316.617.5
18.419 320.421723.2
25.327.129.132.335.1
38.443.146.349.5527
55.258.261.465.971.2
79.985.998.9
112.2117.8
119.31251138.2154.2177.5
141.2145.8150.2154.2
159.01657171.9177.5
183.2189.11957
1 Includes loans held by nondeposit trust companies, but not by bank trust departments."Includes former Federal National Mortgage Association (FNMA) and new Government National Mortgage Association (GNMA), as wellF d l H i A d m i i t t i V t a A d i i t a t i Pb l i H i A d m i i t t i o F H A d m i i t t i o n d i lias
yea
Includes former Federal National M o g a g e Assciation ( N M A ) and new Govement National Mortgage Associaton (GNMA), as wellFederal Housing Administration, Veterans Administration, Public Housing Administration, Farmers Home Administration, and in earlier
y r s Reconstruction Finance Corporation, Homeowners Loan Corporation, and Federal Farm Mortgage Corporation. Also includes GNMAPools and U.S.-sponsored agencies such as new FNMA, Federal Land Banks, and Federal Home Loan Mortgage Corporation. Other U.S.agencies (amounts small or current separate data not readily available) included with "individuals and others.
Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.
313Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
GOVERNMENT FINANCE
TABLE B-70.—Federal budget receipts, outlays, and debt, fiscal years 1971-82
[Millions of dollars; fiscal years]
Description
Actual
1971 1972 1973 1974 1975 1976Transi-
tionquarter
BUDGET RECEIPTS AND OUTLAYS:
Total receipts
Federal fundsTrust funds
Interfund transactions...
Total outlays
Federal fundsTrust fundsInterfund transactions...Total surplus or deficit ( - )
Federal fundsTrust funds
OUTSTANDING DEBT, END OF PERIOD:
Gross Federal debt
Held by Government agenciesHeld by the public
Federal Reserve SystemOther
BUDGET RECEIPTS
Individual income taxes,Corporation income taxesSocial insurance taxes and contributionsExcise taxesEstate and gift taxesCustoms duties..Miscellaneous receipts:
Deposits of earnings by Federal ReserveSystem ....
Allother
BUDGET OUTLAYS
188,392
133,78566,193
-11,586
211,425
163,65159,360
-11,586
-23,033
-29,8666,833
409,467
105,140304,328
65,518238,810
208,649
. 148,84672,959
-13,156
232,021
178,11067,067
-13,156
-23,373
-29,2645,892
437,329
113,559323,770
71,426252,344
232,225
161,35792,193
-21,325
247,074
186,95181,448
-21,325
-14,849
-25,59410,745
468,426
125,381343,045
75,181267,863
264,932
181,219104,846-21,133
269,620
199,91890,835
-21,133
-4,688
-18,69914,011
486,247
140,194346,053
80,648265,405
280,997
187,505118,590-25,098
326,151
240,081111,168-25,098
-45,154
-52,5767^22
544,131
147,225396,906
84,993311,913
300,005
201,099133,695-34,789
366,418
269,921131,286
-34,789
-66,413
-68,8222,409
631,866
151,566480,300
94,714385,586
81,773
54,08532,071
=4,383
94,728
65,08834,023
-4,383
»12,956
-11,004= 1,952
646,379
148,052498,327
96,702401,625
National defenseInternational affairsGeneral science, space, and technologyEnergy..Natural resources and environment.AgricultureCommerce and housing credit...TransportationCommunity and regional development.Education, training, employment, and social serv-
icesHealthIncome securityVeterans benefits and servicesAdministration of justice. . .General government. ...General purpose fiscal assistance.InterestAllowancesUndistributed offsetting receipts
Composition of undistributed offsetting receipts:Employer share, employee retirement,Interest received by trust funds. ...Rents and royalties on the Outer Continen-
tal Shelf
188,392
86,23026,78548,57816,6143,7352,591
3,533325
211,425
75,8084,0974,1801,0313,9094,2882,3588,0502,916
9,83914,71655,4269,7761,2992,020
53519,602
208,649
94,73732,16653,91415,4775,4363,287
3,252381
232,021
76,5504,6934,1731,2704,2355,2802,2168,3883,422
12,51917,46763,91310,730
1,6502,415
67320,563
232,225
103,24636,15364,54216,2604,9173,188
3,495426
247,074
74,5414,0664,0301,1794,7634,852
9249,0654,595
12,73518,83272,96512,0132,1312,5687,351
22,782
264,932
118,95238,62076,78016,8445,0353,334
4,845524
269,620
77,7815,6813,977837
5,6702,2273,9259,1724,134
12,34422,07384,43713,3862 4623,2436,890
28,032
280,997
122,38640,62186,44116,5514,6113,676
5,777934
326,151
85,5526,9223,9892,1697,3361,6595,60710,3883,738
15,87027,648108,57616,5972,9423,1337,187
30,911
300,005
131,60341,40992,71416,9635,2164,074
5,4512,575
366,418
89,4305,5524,3703,1278,1242,5043,79213,4354,767
18,73733,448127,39018,4323,3202,9487,235
34,511
-8,427
-2,611- 4,765
1,051
-8,137
-2,768-5,089
-279
-12,318
-2,927-5,436
-3,956
-16,651
-3,319-6,583
-6,748
-14,075
-3,980-7,667
-2,428
-14,704
-4,242-7,800
-2,662
81,773
38,8018,460
25,7604,4731,4551,212
1,500112
94,728
22,3072,1931,161794
2,532581
1,3923,3041,340
5,1628,721
32,7973,962859883
2,0927,216
-2,567
-985-270
-1,311
See next page for continuation of table.
314Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-70.—Federal budget receipts, outlays, and debt, fiscal years 1971-82—Continued
[Millions of dollars; fiscal years]
DescriptionActual
1977 1978 1979 1980
Estimate
1981 1982
BUDGET RECEIPTS AND OUTLAYS;
Total receipts
Federal fundsTrust fundsInterfund transactions.
Total outlays..
Federal fundsTrust fundsInterfund transactions
Total surplus or deficit ( - ) . .
Federal funds...Trust funds
OUTSTANDING DEBT, END OF PERIOD:
Gross Federal debt
Held by Government agenciesHeld by the public
Federal Reserve System.,Other '
357,762
241,312152,763-36,313
402,710
295,756143,267-36,313
-44,948
-54,4449,496
709,138
157,295551,843
105,004446,839
401,997
270,484168,012-36,498
450,804
331,985155,318-36,498
-48,807
-61,80412,694
780,425
169,477610,948
115,480495,468
465,940
316,351189,641-40,052
493,635
362,381171,305-40,052
-27,694
-46,03018,335
833,751
189,162644,589
115,594528,996
520,050
350,849213,875-44,674
579,613
419,214205,074-44,674
-59,563
-68,3648,801
914,317
199,212715,105
120,846594,259
607,525
415,239242,545-50,259
662,740
474,932238,068-50,259
-55,215
-59,6934,477
992,398
205,293787,105
711,780
484,105286,113-58,437
739,296
530,817266,916-58,437
-27,516
-46,71219,196
1,057,664
225,559832,105
BUDGET RECEIPTS....
Individual income taxesCorporation income taxesSocial insurance taxes and contributionsExcise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts:
Deposits of earnings by Federal Reserve System..Another ..
BUDGET OUTLAYS...
National defenseInternational affairsGeneral science, space, and technologyEnergyNatural resources and environmentAgricultureCommerce and housing creditTransportationCommunity and regional developmentEducation, training, employment, and social services..HealthIncome securityVeterans benefits and servicesAdministration of justiceGeneral governmentGeneral purpose fiscal assistanceInterestAllowances \Undistributed offsetting receipts
357,762
157,62654,892108,68817,5487,3275,150
5,908622
402,710
97,5014,8134,6774,17210,0005,532
9814,6366,348
20,98538,785137,90018,0383,6003,1699,499
38,009
401,997
180,98859,952123,41018,3765,2856,573
6,641772
450,804
105,1865,9224,7425,861
10,9257,7313,32415,44511,07026,46343,676146,18118,9743,8023,7069,601
43,966
465,940
217,84165,677141,59118,7455,4117,439
8,327910
493,635
117,6816,0915,0416,85612,0916,2382,565
17,4599,542
29,68549,614160,15919,9284,1534,0938,372
52,556
520,050
244,06964,600160,74724,3296,3897474
11,767975
579,613
135,85610,7335,7226,313
13,8124,7627,782
21,12010,06830,76758,165
193,10021,1834,5704,5058,584
64,504
607,525
284,01366,009184,82444,3936,909
.J.43913,069
899
662,740
161,08811,3146,2588,73914,1101,1123,456
24,05411,14431,77366,032
231,65022,5914,7865,1706,854
80,405
Composition of undistributed offsetting receipts:Employer share, employee retirementInterest received by trust fundsRents and royalties on the Outer Continental Shelf..
-15,053
-4,548-8,131-2,374
-15,772
-4,983-8,530-2,259
-18,488
-5,271-9,950-3,267
-21,933
-5,787-12,045
-4,101
-27,796
-6,561-13,435-7,800
711,780
331,67764,648
214,66469,6337,6687,800
14,710
739,296
184,39912,1527,590
11,97314,0394,8038,058
21,5519,084
34,51174,636
255,00624,4624,8825,2466,902
89,9461,920
-31,863
-6,798-15,165
-9,900
Note.—Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning with fiscalyear 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis. Beginning October 1976 (fiscal year 1977), the fiscalyear is on an October 1-September 30 basis. The period July 1,1976 through September 30,1976 is a separate fiscal period known as thetransition quarter.
Refunds of receipts are excluded from receipts and outlays.See "Budget of the United States Government, Fiscal Year 1982" for additional information.Sources: Department of the Treasury and Office of Management and Budget.
315Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-l\.—Federal budget receipts and outlays, fiscal years 1929-82
[Millions of dollars]
Fiscal year Receipts Outlays Surplus ordeficit ( - )
1929
1933
1939.
19401941.. .1942 ...1943.1944...
1945 . .1946 .1947 .1948. .19491950. ..1951.1952.19531954 . ..
1955 ..1956 .19571958..1959.
19601961 .19621963 .1964 .
196519661967. ..19681969...
19701971. ..197219731974
19751976Transition quarter.1977 ..19781979
1980. . .1981'1982»
3,862
1,997
4,979
6,3618,62114,35023,64944,276
45,21639,32738,39441,77439,437
39,48551,64666,20469,57469,719
65,46974,54779,99079,63679,249
92,49294,38999,676106,560112,662
116,833130,856149,552153,671187,784
193,743188,392208,649232,225264,932
280,997300,00581,773
357,762401,997465,940
520,050607,525711,780
3,127
4,598
8,841
9,45613,63435,11478,53391,280
92,69055,18334,53229,77338,834
42,59745,54667,72176,10770,890
68,50970,46076,74182,57592,104
92,22397,795106,813111,311118,584
118,430134,652158,254178,833184,548
196,588211,425232,021247,074269,620
326,151366,41894,728
402,710450,804493,635
579,613662,740739,296
734
-2,602
-3,862
-3,095-5,013
-20,764-54,884=-47,004
-47,474-15,856
3,86212,001
603
-3,1126,100
-1,517-6,533= 1,170
-3,0414,0873,249
-2,939-12,855
269-3,406-7,137-4,751-5,922
-1,596-3,796-8,702
-25,1613,236
-2,845-23,033-23,373=-14,849-4,688
-45,154-66,413-12,956-44,948- 48,807- 27,694-59,563-55,215-27,516
1 Estimates.Note.—Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning with
fiscal year 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977),the fiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a
Oata for 1929-39 are according to the administrative budget and those beginning 1940 according to the unified budget.Refunds of receipts are excluded from receipts and outlays.See "Budget of the United States Government, Fiscal Year 1982" for additional information.Sources: Department of the Treasury and Office of Management and Budget.
316Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-72.—Relation of Federal Government receipts and expenditures in the national income andproduct accounts to the unified budget, fiscal years 1980-82
[Billions of dollars; fiscal years]
Receipts and expenditures 1980
Estimate
1981 1982
RECEIPTSTotal budget receipts....
Government contribution for employee retirement (grossing)Other netting and grossingAdjustment to accrualsGeographic exclusionsOther
Federal sector, national income and product accounts, receipts
EXPENDITURESTotal budget outlays
Lending and financial transactionsGovernment contribution for employee retirement (grossing). ...Other netting and grossingDefense timing adjustmentBonuses on Outer Continental Shelf land leasesGeographic exclusionsOther.....
Federal sector, national income and product accounts, expenditures..
520.0
8.64.0
- 4 . 4- 1 . 2
527.3
579.6
-10 .38.64.0
22- 4 . 5
- . 8
578.2
607.5
614.4
662.7
671.0
711.8
9.76.4
- 8 . 0- 1 . 5
.3
10.36.31.1
- 1 . 5.2
728.2
739.3
- 6 . 19.76.4
- .95.2
- 4 . 9- 1 . 1
- 6 . 810.36.3
- 2 . 36.1
- 5 . 3- 1 . 3
746.3
Note.—See Note, Table B-71.See Special Analysis B, "Special Analyses, Budget of the United States Government, Fiscal Year 1982" for description of these
categories.Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and
Budget:
317Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-73.—Government receipts and expenditures, national income and product accounts, 1929-80
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Calendar year or quarter
1929
1933
1939
1940194119421943194419451946 .. .194719481949
1950195119521953 . . . .19541955 ,195619571958 ...1959
196019611962196319641965 . . . . . .1966196719681969
197019711972197319741975197619771978 ..1979
1980"
1978:IHI l lIV
1979:IIIlitIV
1980:I||Ill
Total government
Receipts
11.3
9.3
15.4
17.725.032 649.251.253.251056.958.955.9
69.085 290.194.689.9
101.1109 7116.2115.0129.4
139.5144.8156.7168.5174.0188.3212.3228.2263.1296.7
302.8322.6368.3413.1455.2470.5538.4605 76816765.2
834.2
640.7674.2691.2720.5
739.7750.9775.3794.7
815.0807.6839.9
Expendi-tures
10.3
10.7
17.6
18.428.864.093.3
103.092.745.642.550.559.3
61.079.293.9
101.697.098.0
104 5115.3127.6131.0
136.4149.1160.5167.8176.3187.8213.6242.4269.1286.8
313.4342.0371.6405.3460.0534.3574.9624.0681.9753.2
869.0
658.4669.3690.0709.7
721.7737.0764.0790.3
824.6850.2885.6
Surplus ordeficit(-).
nationalincome
andproductaccounts
1.0
-1 .4
-2 .2
- . 7= 3.8
=31.4=44.1-51.8=39.5
5.414.48.4
=3.4
8.061
=3.8=6.9- 7 . 1
3.152.9
= 12 6= 1.6
3.1- 4 . 3- 3 . 8
.7-2 .3
.5= 13
-14.2-6 .0
9.9
-10.6= 19.4= 33
7.8-4 .7
-63.8-36.5= 18 3
- 211.9
= 34.8
-17.7491.1
10.8
18.113.911.34.4
= 9 6-42.5=45.6
Federal Government
Receipts
3.8
2.7
6.7
8.615.422 939.341042.539143.243.238.7
50.064 367.370 063.772.678 081.978 789.8
96.198.1
106.2114.4114.9124.31418150.5174.4196.9
191.9198.6227 5258.6287.8287.3331.837514315494.4
538.9
398.6423 6440.9462.7
477.0485.9500.6514.0
528 4520.9540.8
Expendi-tures
2.6
4.0
8.9
10.020.556.185.895.584.635.629.834.941.3
40.857.871.177.169.868.171.979.688.991.0
93.1101.9110.4114.2118.2123.8143.6163.7180.5188.4
204.3220.6244 3264.2299.3356.6384.8421.5460 7509.2
601.2
447.4451 1463.7480.6
488.4494.0515.8538.6
564 7587.3615.0
Surplus ordeficit< - ) ,
nationalincome
andproduct
accounts
1.2
-1 .3
-2 .2
= 1.3= 5.1
-33.1-46.6-54.5
42.13.5
13.48.3
=2.6
9.26.5
-3 .7-7 .1-6 .0
4.4612.3
= 10 3= 1.1
3.0= 3.9=4.2
- 1 3.5
- 1 8= 13.2=6.0
8.4
-12.4-22.0- 1 6 8= 5.6
-11.5= 69.3= 53.1=46.4—29 2= 14.8
= 62.3
=48.8- 2 7 4=22.8-17.9
-11.5=8.1
-=15.2-24.5
36 366.5
-74.2
Receipts
7.6
7.2
9.6
10.010.410.610.911.111.613.015.417.719.5
21.323.425.427.429.031.735.038.542.046.4
49.954.058.563.269.575.184.893.6
107.3120.2
135.4153.0178 3195.0211.4237.7267.8298.0327 4351.2
382.6
316.9328 0327.2337.7
340.9342.7355.4365.6
3721373.9386.8
State and localgovernment
Expendi-tures
7.8
7.2
9.6
9.39.1888.48.59.0
11.114.417.620.2
22.523 925.527.330.232.935 9
, 39.844 346.9
49.854.458.062.868.575.184 394.7
107.2118.7
133.5150.4164 8181.6204.6232.2251.2270.0298 4324.4
355.0
285.8295 7303.3309.0
311.4320.8328.9336.7
345 4350.0358.2
Surplus ordeficit
nationalincome
andproduct
accounts
=0.2
=.1
.0
.61.31.82.52.72.61.91.0.1
= .7
= 1.2= .4- . 0
,1= 1.1-1 .3
g-1 .4-2 .4- . 4
.1- . 4
.5
.51.0
--.0.5
-1 .1.1
1.5
1.92.6
13.513.46.85.5
16.628.129 026.7
27.6
31.132 323.928.7
29.521.926.528.9
26 623.928.5
Note.—Federal grants-in-aid to State and local governments are reflected in Federal expenditures and State and local receipts. Totalgovernment receipts and expenditures have been adjusted to eliminate this duplication.
Source: Department of Commerce, Bureau of Economic Analysis.
318Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-74.—Federal Government receipts and expenditures, national income and product accounts,
1958-82
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
Receipts
Tota!Personaltax andnontax
receipts
Corpo-rate
profitstax
accruals
Indirectbusinesstax andnontax
accruals
Contri-butions
forsocialinsur-ance
Expenditures
Total1
Pur-chases
ofgoodsand
serv-ices
Transferpayments
Topersons
Toforeign-
ers
Grants-in-aid
toStateandlocal
govern-ments
Netinter-
estpaid
Subsi-diesless
currentsurplus
ofgovern-mententer-prises
Fiscal year:2
1958195919601961196219631964196519661967 . .1968 . .1969 . .197019711972197319741975197619771978197919801981 3. .1982 V
Calendar year:19581959.I960..1961196219631964J9651966 ..„19671968196919701971 .. .1972197319741975 .. ..197619771978. .1979....
1980*
1979:IIIIllI V
1980:III*"""
78.185.494.895.0
104.0110.0115.6120.0132.7146.0159.9189.8194.8192.4213.4240.7271.6283.4314.9365.9414.2480.7527.3614.4728.2
78.789.896.198.1106.2114.4114.9124.3141.8150.5174.4196.9191.9198.6227.5258.6287.8287.3331.8375.1431.5494.4
538.9
477.0485.9500.6514.0
528.4520.9540.8
36.338.242.543.647.349.650.751.457.564.471.490.294.087.9
100.5107.4122.7127.5137.2166.4186.4223.1249.7290.5339.3
36.839.943.644.748.651.548.653.961.767.579.795.192.690.3
108.21147131.3125.8147.3170.1194.9231.4
258.0
216.7225.7236.2247.1
246.9252.0259.4
17.921.422.320.022.723.325.727.130.830.333.136,832.931.934.241.243.441.852.558,867.275.870.667.978.8
18.022.521.421.522.524.626.128.931.430.036.136.130.633.536.643.345.143.654.661.671.274.6
68.3
75.373.575.374.3
80.560.966.7
11.612.013.213.314.215.015.616.915.515.817.118.619.220.019.920.721.422.224.424.527.229.135.761.283.8
11.512.513.413.614.615.316.216.515.616.318.019.019.320.420.021.221.723.923.425.028.129.4
40.4
29.429.429.329.6
31.938.742.9
12.313.916.718.119.922.123.624.528.935.538.344.248.852.658.971.584.291.9
101.0116.2133.4152.7171.3194.8226.3
12.414.917.618.320.523.124.025.033.136.740.746.749.354.462.779.589.894.1
106.5118.5137.2159.0
172.2
155.5157.4159.9163.0
169.2169.3171.8
82.891.291.398.1
106.2111.7117.2118.5132.7154.9172.2184.6195.5212.9232.7255.7278.2328.8370.7411.7450.5494.7578.2671.0746.3
88.991.093.1.
101.9*110.4114.2118.2123.8143.6163.7180.5188.4204.3220.6244.3264.2299.3356.6384.8421.5460.7509.2
601.2
494.0515.8538.6
564.7587.3615.0
51.154.852.955.861.063.765.964.672.486.095.098.097.194.9
100.6101.1104.5117.9125.1140.31507163.4190.2218.5248.7
53.953.953.757.463.764.665.267.378.890.998.097.695796.2
101.7102.0111.0122.7129.2143.9153.4167.9198.9
164.8163.6165.1178.1
190.01987194.9
17.819.920.623.625.126.527.428.431.837.242.748755.067.776.187.2
101.8131.4153.8166.6178.7197.82347276.8308.7
19.620.121.625.025.627.027.930.333.540.146.050.661.372780.593.3
114.5146.3158.8169.6181.8204.9
245.2
192.5197.5212.8216.8
224.4232.2260.4
1.71.81.82.12.12.12.22.22.32.22.12.22.02.32.8273.03.13.03.23.54.04.64.75.2
1.81.81.92.12.22.22.22.22.32.22.12.12.22.62.72.63.23.13.23.23.84.2
4.5
4.76.26.96.97.68.39.8
10.912.714.817.819.222.626.832.640.441.648.457.566.374.779.186790.394.6
5.66.86.57.28.09.1
10.411.114.415.918.620.324.429.037.540.643.954.661.167.577.380.487.3
78.277.880.884.9
85.587.287.7
5.45.66.86.46.47.1778.2879.6
10.411.913.514.014.015719.621725.228.433.540.651.267.375.1
5.26.26.86.26.87.38.08.49.29.8
11.312.714.113.814.418.020.723.126.829.135.242.353.4
40.042.042.944.4
50.354.453.5
2.42.52.43.34.14.04.14.34.85.24.14.75.57.06.59.27.66.06.27.09.69.8
10.813.414.0
2.82.12.64.04.23.94.54.65.5474.55.26.56.37.97.85.56.95.88.29.39.4
12.1
8.59.2
10.59.5
10.111.0137
1 Includes an item for the difference between wage accruals and disbursements, not shown separately.2 Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning with fiscal:year 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 [fiscal year 1977), thefiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separatefiscal period known as the transition quarter.
3 Estimates.Sources: Department of Commerce (Bureau of Economic Analysis) and Office of Management and Budget.
319Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-75.—State and local government receipts and expenditures, national income and product accounts,
1946-80
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Calendar yearor quarter
1946194719481949...
1950195119521953...1954
19551956195719581959....
1960196119621963.1964
19651966196719681969
19701971197219731974
19751976197719781979
1980 *
1978:1IIIllIV
1979:
nil . ..IllIV
1980:|IIIll
Total
13 015.417719.5
21.323.425.427.429.0
31.735.038.542.046.4
49.954.058.563 269.5
75.184 893.6
107.3120.2
135.4153.0178,3195.0211.4
237 7267.8298.0327.4351.2
382.6
316.9328.0327.2337.7
340.9342.7355.4365.6
372.1373 9386.8
Personaltax andnontax
receipts
1.5172.12.4
2.52.83.03.23.5
3.94.55.05.46.1
6.77.48.288
10.0
10.912 8U.S17.520.6
23.226.432.836.039.0
43149.656.463.970.6
807
60.663.064.967.1
67.767.872.3747
76.278.382.1
Receipts
Corpo-rate
profitstax
accruals
0.5.67.6
.8
.9
.8
.8
.8
1.01.01.01.01.2
1.21.31.517U
2.0222.53.13.4
3.54.15.05.86.5
719.3
11.011713.0
11.9
10.211812.013.0
13.212.913.112.9
137106117
Indirectbusinesstax andnontax
accruals
9.310712.213.3
14.615.917.418.819.9
21.623.825.727.229.3
32.034.437.039 442.6
46.149 754.060.967.6
75.083.391.599.7
107.4
116 2128.3141.0149.9159.0
171.2
147.71516148.5152.0
155.1156.4160.6163.9
167.0167 7173.0
Contribu-tions for
socialinsurance
0.6
!8.9
1.11.41.61.72.0
2.12.32.62.83.1
3.43.73.94.24.7
5.0576.77.28.3
9.210.211.513.014.6
16 819.522.124.628.1
31.5
23.524 124̂ 925.8
26.827.928.629.2
29.630232.3
Federalgrants-in-aid
1.1172.02.2
2.32.52.62.82.9
3.13.34.25.66.8
6.57.28.091
10.4
11.114 415.918.620.3
24.429.037.540.643.9
54 661.167.577.380.4
87.3
74.877 576.979.9
78.277.880.884.9
85.587 287.7
Totall
11.114.417.620.2
22.523.925.527.330.2
32.935.939.844.346.9
49.854.458.062 868.5
75.184 394.7
107.2118.7
133.5150.4164.8181.6204.6
232 2251.2270.0298.4324.4
355.0
285.8295 7303.3309.0
311.4320.8328.9336.7
345.4350 0358.2
Expenditures
Pur-chases
ofgoodsand
services
9.912.815.318.0
19.821.823.225.027.8
30.633.537.141.143.7
46.550.854.359 064.6
71.179 889.3
101.0111.2
124.4138.7151.4168.5193.1
217 2232.9250.6279.2305.9
335.9
266.2276 0284.2290.6
293.4301.6310.4318.3
326.83313338.6
Trans-fer
pay-ments
toper-sons
1.72.33.03.0
3.63.13.33.53.6
3.83.94.34.85.1
5.45.86.06.46.9
7.3819.4
10.512.2
14717.319.320720.9
24 627.629.732.835.0
38.9
31732 733.333.5
33.834.535.436.4
37.238139.7
Netinterest
paidlessdivi-
dendsreceived
0.2.1.1.1
.1
.0
.0
.0
.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
- .3_ 7-.9
- 1 . 1- 1 . 4
- 2 . 0- 1 . 7- 1 . 9- 3 . 3- 5 . 0
= 51=4.5- 5 . 2- 7 . 7
-10.3
-12.4
- 6 . 6= 7 3- 8 . 0-8 .7
- 9 . 4=9.9
-10.6-11 .2
-11 .8— 12 2- 1 2 7
Subsi-diesless
currentsurplus
ofgovern-
mententer-prises
-0 .7- .8- .8=.9
- .9- 1 . 0- 1 . 1- 1 . 2- 1 . 3
= 1.5- 1 . 6-1 .7- 1 7- 2 . 0
- 2 . 2- 2 . 3- 2 . 5- 2 8- 2 . 8
=3.0= 3 0- 3 . 1- 3 . 2=•3.3
- 3 . 6-3 .7- 4 . 2- 4 . 3—4.4
—45- 4 . 8- 5 . 1-5 .7- 6 . 3
- 7 . 4
- 5 . 55 7
-5 .8- 5 . 9
=6.0- 6 . 2- 6 . 5- 6 7
=7.0- 7 2-7 .5
Surplusor
deficit
nationalincome
andproduct
accounts
1.91.0.1
- 7
- 1 . 2- .4
~!l- 1 . 1
- 1 . 3=.9
-1 .4= 2.4
= .4
.1„_ 4
is.5
1.0
- .05
- 1 . 1.1
1.5
1.92.6
13.513.46.8
5516.628.129.026.7
27.6
31.132 323̂ 928.7
29.521.926.528.9
26.623 928.6
1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.
320Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-76.—State and local government revenues and expenditures, selected fiscal years, 1927-79
[Millions of dollars]
Fiscal year1
Genera) revenues by source2
Total Propertytaxes
Salesand
grossre-
ceiptstaxes
Individ-ual
incometaxes
Corpo-ration
netincometaxes
Revenuefrom
FederalGovern-
ment
Allothers
General expenditures by function2
Total Educa-tion
High-ways
Publicwelfare
Allother4
1927
1932193419361938
19401942194419461948
1950195219531954
19551956195719581959
1960196119621963
1962-635
1963-64«1964-656
1965-66*1966-675
1967-685
1968-695
1969-708
1970-7181971-72*1972-73=1973-74«1974-75°
1975-76^1976-77*1977-785
1978-79*
7,271
7,2677,6788,3959,228
9,60910,41810,90812,35617,250
20,91125,18127,30729,012
31,07334,66738,16441,21945,306
50,50554,03758,25262,890
62,26968,44374,000
83,03691,197
101,264114,550130,756
144,927166,352190,214207,670228,171
256,176285,796315,960343,278
4,730
4,4874,0764,0934,440
4,4304,5374,6044,9866,126
7,3498,6529,3759,967
10,73511,74912,86414,04714,983
16,40518,00219,05420,089
19,83321,24122,583
24,67026,04727,74730,67334,054
37,85242,13345,28347,70551,491
57,00162,53566,42264,944
470
7521,0081,4841,794
1,9822,3512,2892,9864,442
5,1546,3576,9277,276
7,6438,6919,4679,82910,437
11,84912,46313,49414,456
14,44615,76217,118
19,08520,53022,91126,51930,322
33,23337/48842,04746,09849,815
54,54760,59567,59674,247
70
7480153218
224276342422543
788998
1,0651,127
1,2371,5381,7541,7591,994
2,4632,6133,0373,269
3,2673,7914,090
4,7605,8267,3088,908
10,812
11,90015,23717,99419,49121,454
24,57529,24533,17636,932
92
7949113165
156272451447592
593846817778
744890984
1,0181,001
1,1801,2661,3081,505
1,5051,6951,929
2,0382,2272,5183,1803,738
3,4244,4165,4256,0156,642
7,2739,17410,73812,128
116
2321,016948800
945858954855
1,861
2,4862,5662,8702,966
3,1313,3353,8434,8656,377
6,9747,1317,8718,722
8,66310,00211,029
13,21415,37017,18119,15321,857
26,14631,25339,25641,82047;034
55,58962,57569,59275,164
1,793
1,6431,4491,6041,811
1,8722,1232,2692,6613,685
4,5415,7636,2526,897
7,5848,4659,2509,699
10,516
11,63412,56313,48914,850
14,55615,95117,250
19,26921,19723,59826,11829,971
32,37435,82640,21046,54151,735
57,19161,67368,43679,864
7,210
7,7657,1817,6448,757
9,2299,1908,86311,02817,684
22,78726,09827,91030,701
33,72436,71140,37544,85148,887
51,87656,20160,20664,816
63,97769,30274,546
82,84393,350102,411116,728131,332
150,674166,873181,227198,959230,721
256,731274,388296,983327,517
2,235
2,3111,8312,1772,491
2,6382,5862,7933,3565,379
7,1778,3189,390
10,557
11,90713,22014,13415,91917,283
18,71920,57422,21623,776
23,72926,28628,563
33,28737,91941,15847,23852,718
59,41364,88669,71475,83387,858
97,216102,805110,758119,448
1,809
1,7411,5091,4251,650
1,5731,4901,2001,6723,036
3,8034,6504,9875,527
6,4526,9537,8168t5679,592
9,4289,84410,35711,136
11,15011,66412,221
12,77013,93214,48115,41716,427
18,09519,01018,61519,94622,528
23,90723,10524,60928,440
151
444889827
1,069
1,1561F2251,1331,4092,099
2,9402,7882,9143,060
3,1683,1393,4853,8184,136
4,4044,7205,0845,481
5,4205,7666,315
6,7578,2189,85712,11014,679
18,22621,07023,58225,08528,155
32,60435,94139,14041,898
3,015
3,2692,9523,2153,547
3,8623,8893,7374,5917,170
8,86710,34210,61911,557
12,19713,39914,94016,54717,876
19,32521,06322,54924,423
23,67825,58627,447
30,02933,28136,91541,96347,508
54,94061,90769,31678,09692,180
103,004112,537122,476137,731
1 Fiscal years not the same for all governments. See footnote 5.2 Excludes revenues or expenditures of publicly owned utilities and liquor stores, and of insurance-trust activities. Intergovernmentalreceipts and payments between State and local governments are also excluded.3 Includes1 licenses and other taxes and charges and miscellaneous revenues.4 Includes expenditures for health, hospitals, police, local fire protection, natural resources, sanitation, housing and urban renewal,local parks and recreation, general control, financial administration, interest on general debt, and unallocable expenditures.
. 5 Data for fiscal year ending in the 12-month period through June 30. Data for 1963 and earlier years include local governmentamounts grouped in terms of fiscal years ended during the particular calendar year.
Note.—Data are not available for intervening years.Source: Department of Commerce, Bureau of the Census.
321Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-77,—Interest-bearing public debt securities by kind of obligation, 1967-80
[Millions of dollars]
End of year or month
Totalinterest-
publicdebt
securities
Marketable
Total Bills Treasurynotes
Treasurybonds I
Nonmarketable
TotalU.S.
savingsbonds
Foreigngovern-
mentand
publicseries2
Govern-ment
accountseries
Other*
Fiscal year:1967..1968 .1969
19701971.1972..1973..1974.
1975..1976..1977..19781979.
1980...
1979:JanFebMar
June
JulyAugSept.Oct.Nov...Dec ...
1980:Jan. .Feb,MarApr. .MayJune..
JulyAugSept.Oct....Nov..
322,286344,401351,729
369,026396,289425,360456,353473,238
532,122619,254697,629766,971819,007
906,402
789,502791,249792,344795,434803,816799,863
806,508812,095819,007825,736832,730843,960
846,517853,366862,211868,866873,529876,275
880,395888,733906,402906,948909,371
* 210,672226,592226,107
232,599245,473257,202262,971266,575
315,606392,581443,508485,155506,693
594,506
496,529497,976500,400504,585506,867499,343
506,994509,187506,693515,033519,573530,731
535,658540,636557,493564,869567,560566,735
576,145583,419594,506599,406605,381
58,53564,44068,356
76,15486,67794,648100,061105,019
128,569161,198156,091160,936161,378
199,832
162,286162,416165,459163,730163,076159,890
159,938160,489161,378161,692165,100172,644
175,522177,422190,780195,296195,387184,684
191,491199,306199,832202,309208,721
49,10871,07378,946
93,489104,807113,419117,840128,419
150,257191,758241,692267,865274,242
310,903
272,807271,372270,803275,311276,123272,066
278,257277,582274,242280,832279,723283,379
283,990286,814290,390291,831291,532301,455
302,626300,251310,903311,927311,119
97,41891,07978,805
62,95653,98949,13545,07133,137
36,77939,62645,72456,35571,073
83,772
61,43664,18964,13965,54467,66867,387
68,79971,11671,07372,51074,75174,708
76,14776,40076,32377,74180,64180,596
82,02783,86183,77285,17085,541
111,614117,808125,623
136,426150,816168,158193,382206,663
216,516226,673254,121281,816312,314
311,896
292,973293,273291,944290,849296,949300,520
299,514302,909312,314310,703313,157313,229
310,859312,730304,718303,997305,968309,539
304,250305,314311,896307,542303,989
51,21351,71251,711
51,28153,00355,92159,41861,921
65,48269,73375,41179,79880,440
72,727
80,41480,45980,41780,42680,43080,460
80,52480,50380,44080,17879,66979,517
78,24777,33875,64373,88973,24773,072
72,96872,85372,72772,66972,524
1,5143,7414,070
4,7559,27018,98528,52425,011
23,21621,50021,79921,68028,115
25,158
30,25728,15028,16125,41625,15826,807
28,01527,68828,11528,01029,16428,820
30,04529,64326,90126,25025,92525,460
25,77925,84525,15824,80524,501
56,15559,52666,790
76,32382,78489,598101,738115,442
124,173130,557140,113153,271176,360
189,848
155,237157,637153,765158,178164,552166,274
163,882167,301176,360175,267176,992177,460
174,904178,415175,451179,652182,642186,842
181,479182,447189,848185,665182,447
2,7312,8283,051
4,0685,7593,6543,7014,289
3,6444,88316,79727,06727,400
24,164
27,06527,02729,60126,82926,80926,981
27,09427,41827,40027,24727,33127,434
27,66427,33626,72224,20724,15624,165
24,02224,17024,16424,40424,518
1 Includes Treasury bonds and minor amounts of Panama. Canal and postal savings bonds.2 Nonmarketable certificates of indebtedness, notes, bonds, and bills in the Treasury foreign series of dollar-denominated and foreign-currency denominated issues.3 Includes depository bonds, retirement plan bonds, Rural Electrification Administration bonds, State and local bonds, and specialissues held only by U.S. Government agencies and trust funds and the Federal home loan banks.
4 Includes $5,610 million in certificates not shown separately.
Note.—Through fiscal year 1976, the fiscal year was on a July 1 June 30 basis; beginning October 1976 (fiscal year 1977) the fiscalyear is on an October 1-September 30 basis.
Source: Department of the Treasury.
322Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-78.—Estimated ownership of public debt securities, 1967-80
[Par values;' billions of dollars]
End of year or month
Fiscal year:196719681969 . . . .
19701971197219731974
19751976 . . .1977 .1978 . . .19791980
1979Jan . . .FebMarApr . . .MayJune .. . . . .
July . ..Aug.
SP - • .NovDec
1980:JanFebMar
£_:::•: :....:. .:;.JuneJulyAugSeptOct
Total public debt securities
Total̂
322.9345.4352.9
370.1397.3426.4457.3474.2
533.2620.4698.8771.5826.5907.7
790.5792.2796.8796.4804.8804.9
807.5813.1826.5826.8833.8845.1
847.7854.6863.5870.0877.9877.6
881.7893.4907.7908.2
Held byGovern-
mentaccounts
71.876.184.8
95.2102.9111.5123.4138.2
145.3149.6155.5167.91877197.7
167 7170.1166.3170.7177.0178.5
176 2178.6187.7185.7187.1187.1
184.5187.8186 3188.2190.7194.9
189.2189.8197.7193.4
Held byFederalReserveBanks
46.752.254.1
57.765.571.475.080.5
84.794.4
104.7115.3115 51207
1013103.5110.9108.6106.2109.7
1114113.0115.5114.6118.1117.5
116.3115.21167118.8124.3124.5
119.6119.8120.7121.5
Held by private investors
Total 3
204.4217.0214.0
217.2228.9243.6258.9255.6
303.2376.4438.6488.3523.4589.2
521.4518.6519.6517.1521.5516.6
519.8521.5523.4526.5528.6540.5
546.9551.6560.5563.0562.9558.2
572.9583.8589.2593.3
Com-mercialbanks4
55.559.755.3
52.661.060.958.853.2
69.092.599.894.490.1
100.9
89.991.192.592.094.293.5
89 889.090.190.491.591.5
92.192.992.490.392.093.6
94.498.1
100.9103.4
Mutualsavingsbanksand
insur-ancecom-
panies
13.212.511.6
10.410.310.29.68.5
10.616.020.520.3194197
19.920.020.019.719.619.3
19 519.619719.719.519.4
19.019.219 919.818.318.3
19.119.119.720.8
Corpora-tions6
11.012.011.1
8.57.49.39.8
10.8
13.824.723.419.424.025.5
22.022.723.524.425.226.1
25.424.724.024.324.624.9
26.528.121.825725.022.8
25.324.625.525.3
State andlocal
govern-ments6
23.625.126.4
29.025.926.928.828.3
31739.348.263.867.173.4
64.063.965.565.966.266.6
66.566.666.567.167.267.4
67.872.968.167.367.667.4
68.970773.473.1
Indi-viduals7
70.474.277.3
81.875473.275.9807
86.896.2
106.5.113.9115 5123.0
115 2116.2116.1116.0117.0113.0
1141114.6115.5116.0115.4116.1
117.0113.8124 8125.3124.3120.1
121.2124.1123.0122.9
Miscel-laneousinves-
tors3-8
30.733.432.3
35.049163.276.074.2
91.31077140.2176.5207 32467
2104204.7202 0199.1199.3198.1
204 5207.0207.5209.0210.4221.2
224.4224.7233 5234.6235.7236.0
244.0247.2246.7247.8
1 U.S savings bonds, series A-F and J, and U.S. savings notes are included at current redemption value.2 As of July 31, 1974, public debt outstanding has been adjusted to exclude the notes of the International Monetary Fund to conform
with the Budget presentation. This adjustment applies to the 1967-79 data in this table.3 For comparability with 1975-79 published data, published data for 1967-74 have been adjusted to exclude notes of the
International Monetary fund, these adjustments amounted to $3.3 billion in 1967, $2.2 billion in 1968, and $0.8 billion in each year1969 through 1974. These adjustments were necessary in order to add to the total public debt figures as published by the Departmentof the Treasury.
4 Includes commercial banks, trust companies, and stock savings banks in the United States and Territories and island possessions;figures exclude securities held in trust departments.
* Exclusive of banks and insurance companies.6 Includes trust, sinking, and investment funds of State and local governments and their agencies, and of Territories and7 Includes partnerships and personal trust accounts.8 Includes savings and loan associations, nonprofit institutions, corporate pension trust funds, dealers and brokers, certain
government deposit accounts and government-sponsored agencies, and investments of foreign balances and international accounts inthe United States.
Note.—Through fiscal year 1976, the fiscal year was on a July 1—June 30 basis; beginning October 1976 (fiscal year 1977), thefiscal year is on an October 1—September 30 basis.
Source: Department of the Treasury.
323Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-79-—Maturity distribution and average length of marketable interest-bearing public debt securitiesheld by private investors, 1967-80
End of year or month
Amountout-
standing,privately
held
Maturity class
Withinlyear
I t o 5years
5 to 10years
10 to 20years
20 yearsand over
Average length
Fiscal year:19671968 .1969. ..
19701971197219731974
19751976..1977..19781979...
1980,...
1979:JanFeb.. .Mar.,Apr ....May.June.
July ...Aug.Sept..Oct . . . .Nov . . .Dec,. .
1980Jan,. ..Feb... .Mar..
June..
July.......Aug...Sept...Oct.Nov
150,321159,671156,008
157,910161,863165,978167,869164,862
210,382279,782326,674356,501380,530
463,717
382,556381,797380,060383,315388,001377,649
383,102384,771380,530389,074390,439402,226
408,300414,647430,036435,283433,175431,893
446,255454,063463,717467,845475,365
Millions of dollars
56,56166,74669,311
76,44374,80379,50984,04187,150115,677151,723161,329163,819181,883
220,084
184,277185,602186,967185,725188,018184,113183,277182,891181,883182,297180,676190,403
192,829195,694208,542207,942209,899198,365210,106218,977220,084222,346230,987
53,58452,29550,182
57,03558,55757,15754,13950,10365,85289,151113,319132,993127,574
156,244
133,992132,434129,454132,538130,576124,443
129,462130,607127,574134,205133,276133,173
135,132137,442137,514142,011140,835147,756
149,215150,764156,244156,712154,434
21,05721,85018,078
8,28614,50316,03316,38514,19715,38524,16933,06733,50032,279
38,809
33,69031,29931,24531,23533,57233,359
33,55532,39232,27932,32534,31936,592
36,79337,59340,15140,11136,31739,715
39,42635,65238,80938,74738,021
6,1536,1106,0977,8766,3576,3588,7419,9308,8578,0878,428
11,38318,489
25,901
15,28215,19515,14116,57817,32617,27118,61718,54818,48919,93819,86619,79621,24721,79421,72523,14022,27022,22923,68225,94825,90127,33827,266
12,96812,67012,337
8,2727,6456,9224,5643,481
4,6116,65210,53114,80520,304
22,679
15,31517,26717,25417,23918,50818,462
18,39020,33420,30420,30922,30222,262
22,29922,12422,10422,07923,85423,828
23,82622,72222,67922,70224,657
Years Months
63
11
7117
109
910
81010
9109910
Note,- All issues classified to final maturity.Through fiscal year 1976, the fiscal year was on a July 1—June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year
is on an October 1—September 30 basis.Source: Department of the Treasury:
324Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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