erp1973 appendixes 3

Appendix C

STATISTICAL TABLES RELATING TO INCOME,

EMPLOYMENT, AND PRODUCTION

187

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CONTENTS

NATIONAL INCOME OR EXPENDITURE: Page

G-l. Gross national product or expenditure, 1929-72 193C-2. Gross national product or expenditure in 1958 dollars, 1929-72 194C-3. Implicit price deflators for gross national product, 1929-72 196C-4. Implicit price deflators and alternative price measures of gross

national product and gross private product, 1939-72 198C-5. Gross national product by industry in 1958 dollars, 1947-71 199G-6. Gross national product by major type of product, 1929-72 200G—7. Gross national product by major type of product in 1958 dollars,

1929-72 201C-8. Gross national product: Receipts and expenditures by major economic

groups, 1929-72 202G-9. Gross national product by sector, 1929-72 204G-10. Gross national product by sector in 1958 dollars, 1929-72 205G—11. Gross product originating in nonfinancial corporations and dollar

costs per unit of output, 1948-72 206C-12. Personal consumption expenditures, 1929-72 207G-l3. Gross private domestic investment, 1929-72 208G-14. Relation of gross national product and national income, 1929-72 209C-15. National income by type of income, 1929-72 210C-16. Relation of national income and personal income, 1929-72 211G-17. Disposition of personal income, 1929-72 212G-l8. Total and per capita disposable personal income and personal con-

sumption expenditures in current and 1958 dollars, 1929—72 213C-19. Sources of personal income, 1929-72 214G-20. Sources and uses of gross saving, 1929-72 216C-21. Saving by individuals, 1946-72 217C-22. Number and money income (in 1971 dollars) of families and unrelated

individuals, by race of head, 1947-71 218

POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:

C-23. Population by age groups, 1929-72 219C-24. Noninstitutional population and the labor force, 1929-72 220C-25. Civilian employment and unemployment by sex and age, 1947-72. . 222C-26. Selected unemployment rates, 1948-72 223C-27. Unemployment by duration, 1947-72 224C-28. Unemployment insurance programs, selected data, 1946-72 225C-29. Wage and salary workers in nonagricultural establishments, 1929-72. 226C-30. Average weekly hours and hourly earnings in selected private non-

agricultural industries, 1947-72 228C-31. Average weekly earnings in selected private nonagricultural indus-

tries, 1947-72 229C-32. Output per man-hour and related data, private economy, 1947-72. . 230C-33. Changes in output per man-hour and related data, private economy,

1948-72 231

189

490-000 O - 73 - 13


PRODUCTION AND BUSINESS ACTIVITY: P a g €

C-34. Industrial production indexes, major industry divisions, 1929-72... . 232C-35. Industrial production indexes, market groupings, 1947-72 233C-36. Industrial production indexes, selected manufactures, 1947-72 234C-37. Manufacturing output, capacity, and utilization rate, 1948-72 235C-38. New construction activity, 1929-72 236C-39. New housing starts and applications for financing, 1929-72 238C-40. Business expenditures for new plant and equipment, 1947-73 240C-41. Sales and inventories in manufacturing and trade, 1947-72 241C-42. Manufacturers' shipments and inventories, 1947-72 242C-43. Manufacturers' new and unfilled orders, 1947-72 243

PRICES:

C-44. Consumer price indexes by expenditure classes, 1929-72 244C-45. Consumer price indexes by commodity and service groups, 1939-72. 245C-46. Consumer price indexes, selected commodities and services, 1939-72. 246C-47. Consumer price indexes, seasonally adjusted, 1970-72 247C-48. Wholesale price indexes by major commodity groups, 1929-72 248C-49. Wholesale price indexes by stage of processing, 1947-72 250C-50. Percent changes in consumer price indexes, major groups, 1948-72.. 252C-51. Percent changes in wholesale price indexes, major groups, 1948-72.. 253

MONEY STOCK, CREDIT, AND FINANCE:

C-52. Money stock measures, 1947-72 254C-53. Commercial bank loans and investments, 1930-72 255C-54. Total funds raised in credit markets by nonfinancial sectors, 1964—72. 256C-55. Private liquid asset holdings, nonfinancial investors, 1965-72 258C-56. Federal Reserve Bank credit and member bank reserves, 1929-72. . 259C-57. Bond yields and interest rates, 1929-72 260C-58. Short-and intermediate-term consumer credit outstanding, 1929-72. 262C-59. Instalment credit extended and repaid, 1946-72 263C-60. Mortgage debt outstanding by type of property and of financing,

1939-72 264C-61. Mortgage debt outstanding by lender, 1939-72 265C-62. Net public and private debt, 1929-71 266

GOVERNMENT FINANCE:

C-63. Federal budget receipts and outlays, fiscal years 1929-74 267C-64. Federal budget receipts, outlays, financing, and debt, fiscal years

1963-74 268C-65. Relation of the Federal budget to the Federal sector of the national

income and product accounts, fiscal years 1971-74 270C-66. Receipts and expenditures of the Federal Government sector of the

national income and product accounts, 1949-74 271C-67. Public debt securities by kind of obligation, 1946-72 272C-6L8. Estimated ownership of public debt securities, 1946-72 273C-69. Average length and maturity distribution of marketable interest-

bearing public debt, 1946-72 274C-70. Receipts and expenditures of the government sector of the national

income and product accounts, 1929-72 275C-71. Receipts and expenditures of the State and local government sector of

the national income and product accounts, 1946-72 276C-72. State and local government revenues and expenditures, selected fiscal

years, 1927-71 277

190Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CORPORATE PROFITS AND FINANCE: Page

C-73. Profits before and after taxes, all private corporations, 1929-72 278C-74. Sales, profits, and stockholders' equity, all manufacturing corpora-

tions, 1947-72 279C-75. Relation of profits after taxes to stockholders' equity and to sales, all

manufacturing corporations, by industry group, 1950—72 280C—76. Sources and uses of funds, nonfarm nonfinancial corporate business,

1946-72 282C-77. Current assets and liabilities of U.S. corporations, 1939-72 283C-78. State and municipal and corporate securities offered, 1934-72 284C-79. Common stock prices, earnings, and yields, and stock market credit,

1949-72 285C-80. Business formation and business failures, 1929-72 286

AGRICULTURE:

C-81. Income of farm people and farmers, 1929-72 287C-82. Farm production indexes, 1929-72 288C-83. Farm population, employment, and productivity, 1929-72 289C-84. Indexes of prices received and prices paid by farmers, and parity ratio,

1929-72 290C-85. Selected measures of farm resources and inputs, 1929-72 291C-86. Comparative balance sheet of the farming sector, 1929-73 292

INTERNATIONAL STATISTICS:

C-87. U.S. balance of payments, 1946-72 293C-88. U.S. merchandise exports and imports by commodity groups,

1958-72 295C-89. U.S. merchandise exports and imports by area, 1966-72 296C-90. U.S. overseas loans and grants, by type and area, fiscal years,

1962-72 297C-91. International reserves, 1949, 1953, and 1967-72 298C-92. U.S. reserve assets, 1946-72 299C-93. Price changes in international trade, 1964-72 300C-94. Consumer price indexes in the United States and other major indus-

trial countries, 1957-72 301

General Notes

Detail in these tables may not add to totals because of rounding.Unless otherwise noted, all dollar figures are in current dollars.See Economic Report 1972 for data for intervening years not shown here.

Symbols used:p Preliminary.__ Not available (also, not applicable).

191


NATIONAL INCOME OR EXPENDITURE

TABLE C-l.—Gross national product or expenditure, 1929-72

Year or quarterTotalgross

nationalproduct

Per-sonalcon-

sump-tion

expend-itures i

Grossprivate'do-mesticinvest-ments

Netexportsof goods

andserv-ices 3

Government purchases of goods and services4

Total

Federal

Total Nationaldefense * Other

Stateandlocal

Percentchange

frompreceding

period,total gross

nationalproduct6

IV..

1 9 7 1 : I .

IllIV. .

1 9 7 2 : 1 . .I I .

IV i

Billions of dollars

1929..

1933..

1939..

1940..1941..1942..1943..1944..1945..1946..1947..1948..1949..

1950..1951..1952..1953..1954..1955..1956..1957..1958..1959..

I960..1961..1962.1963..1964..1965..1966..1967..1968..1969..

1970..197L.1972 P.

1970: I.

103.1

55.6

90.5

99.7124.5157.9191.6210.1211.9208.5231.3257.6256.5

284.8328.4345.5364.6364.8398.0419.2441.1447.3483.7

503.7520.1560.3590.5632.4684.9749.9793.9864.2930.3

976.41,050.41,152.1

958.0971.7986.3989.7

1, 023.41, 043.0,056.9, 078.1

, 109.1., 139.4., 164.0., 195. 8

77.2

45.8

66.8

70.880.688.599.3

108.3119.7143.4160.7173.6176.8

191.0206.3216.7230.0236.5254.4266.7281.4290.1311.2

325.2335.2355.1375. 0401.2432.8466.3492.1536.2579.5

616.8664.9721.1

16.2

1.4

9.3

13.117.99.85.77.1

10.630.634.046.035.7

54.159.351.952.651.767.470.067.960.975.3

74.871.783.087.194.0

108.1121.4116.6126.0139.0

137.1152.0180.2

1.1

.4

1.1

1.71.3.0

-2 .0-1 .8- . 67.5

11.56.46.1

1.83.72.2.4

1.82.04.05.72.2.1

4.05.65.15.98.56.95.35.22.51.9

3.6.7

-4 .1

8.5

8.0

13.3

14.024.859.688.696.582.327.025.131.637.8

37.959.174.781.674.874.278.686.194.297.0

99.6107.6117.1122.5128.7137.0156.8180.1199.6210.0

219.0232.8254.9

1.3

2.0

5.1

6.016.951.981.189.074.217.212.516.520.1

18.437.751.857.047.444.145.649.553.653.7

53.557.463.464.265.266.977.890.798.898.8

96.597.8

105.9

1.3

2.0

1.2

2.213.849.479.787.473.514.79.1

10.713.3

14.133.645.948.741.238.640.344.245.946.0

44.947.851.650.850.050.160.772.478.378.4

75.171.476.2

3.9

3.83.12.51.41.6

2. 53.55.86.8

4.34.15.98.46.25.55.35.37.77.6

8.69.6

11.813.515.216.817.118.420.520.4

21.526.329.7

7.2

6.0

8.2

8.07.97.77.47.58.19.8

12.615.017.7

19.521.522.924.627.430.133.036.640.643.3

46.150.253.758.263.570.179.089.4

100.8111.2

122.5135.0148.9

Seasonally adjusted annual rates

604.1613.4623.0626.5

648.0660.4670.7680.5

696.1713.4728.6746.2

132.9137.7139.9137.8

143.9153.0152.2158.8

168.1177.0183.2192.4

3.63.94.02.8

4.5.1.4

-2 .1

-4 .6-5 .2-3 .4-3 .0

217.3216.7219.5222.6

227.0229.5233.6240.9

249.4254.1255.6260.3

99.796.295.295.0

96.296.397.9

100.7

105.7108.1105.4104.5

78.974.773.872.9

72.571.270.171.9

76.778.675.174.4

20.921.621.422.1

23.725.027.828.7

28.929.630.230.1

117.6120.5124.3127.6

130.8133.3135.7140.2

143.7146.0150.2155.8

-4 .2

6.9

10.224.926.821.39.7.9

-1 .610.911.3- . 4

11.015.35.25.5.1

9.15.35.21.48.2

4.13.27.75.47.18.39.55.98.97.6

5.07.69.7

3.95.96.11.4

14.37.95.48.3

12.011.48.9

11.4

1 See Table C-12 for detailed components.2 See Table C-13 for detailed components.3 See Table C-8 for exports and imports separately.* Net of Government sales.* This category corresponds closely to the national defense classification in the "Budget of the United States Government

for the Fiscal Year ending June 30,1974."6 Changes are based on unrounded data and therefore may differ slightly from those obtained from published data.

Source: Department of Commerce, Bureau of Economic Analysis.


T A B L E i

Year orquarter

1929

1933

1939

194019411942194319441 9 4 5 . . . . . .194619471948 . . .1949

1950195119521953195419551956195719581959

196019611962196319641965 .19661967.19681969..

19701971.. .1972 P

1970: 1I I . . -III. . .IV . . . .

1971: !_ . ._I I . . .III. . .IV.. .

1972: L . . .I I . . .III. . .IV v.

Totalgrossna-

tionalprod-uct

203.6

141.5

209.4

227.2263.7297.8337.1361.3355.2312.6309.9323.7324.1

355.3383.4395.1412.8407.0438.0446.1452.5447.3475.9

487.7497.2529.8551.0581.1617.8658.1675.2706.6725.6

722.1741.7789.7

O*2.—Gross national product or expenditure tn

Personal consumptionexpenditures

Total

139.6

112.8

148.2

155.7165.4161.4165.8171.4183.0203.5206.3210.8216.5

230.5232.8239.4250.8255.7274.2281.4288.2290.1307.3

316.1322.5338.4353.3373.7397.7418.1430.1452.7469.1

477.0495.4524.8

Dura-ble

goods

16.3

8.3

14.5

16.719.111.710.29.4

10.620.524.726.328.4

34.731.530.835.335.443.241.041.537.943.7

44.943.949.253.759.066.671.772.981.385.6

83.192.1

103.1

Non-dura-

blegoods

69.3

58.6

81.2

84.689.991.393.797.3

104.7110.8108.3108.7110.5

114.0116.5120.8124.4125.5131.7136.2138.7140.2146.8

149.6153.0158.2162.2170.3178.6187.0190.2197.1201.3

207.0211.1220.5

Serv-ices

I

54.0

46.0

52.5

54.456.358.561.864.767.772.173.475.877.6

81.884.887.891.194.899.3

104.1108.0112.0116.8

121.6125.6131.1137.4144.4152.5159.4167.0174.4182.2

186.8192.2201.2

Total

1958 dollars, 1929-72

Gross private domestic investment

Fixed investment

Total

Nonresidential

Total

Millions of 1958 dollars

40.4

5.3

24.7

33.041.621.412.714.019.652.351.560.448.0

69.370.060.561.259.475.474.368.860.973.6

72.469.079.482.587.899.2

109.3101.2105.2110.5

104.0108.6123.8

36.9

9.7

23.5

28.132.017.312.915.922.642.351.755.951.9

61.059.057.260.261.469.069.567.662.468.8

68.967.073.476.781.990.195.493.598.8

103.8

99.9105.9119.3

26.5

7.6

15.3

18.922.212.510.013.419.830.236.238.034.5

37.539.638.340.739.643.947.347.441.644.1

47.145.549.751.957.866.374.173.275.680.1

77.676,884.3

Struc-tures

13.9

3.3

5.9

6.88.14.62.93.85.7

12.511.612.311.9

12.714.113.714.915.216.218.518.216.616.2

17.417.417.917.919.122.324.022.623.424.3

23.622.822.9

Pro-ducers'durableequip-ment

12.6

4.3

9.4

12.114.27.97.29.6

14.117.724.625.722.6

24.825.524.625.824.527.728.829.125.027.9

29.628.131.734.038.744.050.150.652.255.8

54.054.061.3

Resi-dentialstruc-tures

10.4

2.1

8.2

9.29.84.92.92.52.8

12.115.417.917.4

23.519.518.919.621.725.122.220.220.824.7

21.921.623.824.824.223.821.320.423.223.7

22.329.135.0

Changefn busi-

nessinven-tories

3.5

- 4 . 3

1.2

4.99.64.0

—.2—1.9—2.910.0

4.6- 3 . 9

8.310.93.3.9

- 2 . 06.44.81.2

- 1 . 54.8

3.52.06.05.85.89.0

13.97.76.46.7

4.12.64.5


720.4723.2726.8718.0

731.9737.9742.5754.5

766.5783.9796.1812.4

474.1476.9480.2476.5

488.2493.0497.4503.2

511.0520.9528.7538.6

83.884.784.978.9

88.890.094.295.4

98.6100.7104.5108.4

204.4206.0207.7209.9

210.0211.2210.5212.8

214.7220.1221.9225.3

185.9186.2187.6187.8

189.3191.8192.8195.0

197.7200.0202.3204.9

102.0105.6106.2102.2

105.0110.0107.3112.0

116.6122.0125.5131.1

101.0100.0101.397.4

101.2104.7106.6111.3

116.3118.0119.3123.4

78.878.979.373.6

75.376.476.479.2

82.283.684.287.2

24.023.923.522.9

23.423.022.522.2

23.023.022.623.1

54.855.055.750.7

51.953.353.957.0

59.260.661.664.0

22.221.122.023.9

25.928.330.132.1

34.234.435.136.3

0.95.64.94.8

3.85.3

J

.33.96.27.7

See footnotes at end of table.


TABLE C-2.—Gross national product^ or

Year or quarter

1929 .

1933

1939

1940 . .194119421943194419451946194719481949

19501951195219531954195519561957 . .19581959

1960196119621963196419651966196719681969

197019711972*._

1970: 1IIIMIV

1971: 1||III . .IV

1972: 1||III . .IV*

Net exports of goods andservices

Netexports Exports Imports

expenditure in 1958 dollars, 1929-72—Continued

Government purchases ofgoods and services i

Total FederalStateandlocal

Adden-dum:Gross

privateproduct

Billions of 1958 dollars

1.5

.0

1.3

2.1.4

- 2 . 1- 5 . 9- 5 . 8- 3 . 8

8.412.36.16.4

2.75.33.01.13.03.25 06.22.2.3

4.35.14.55 68.36.24.23.61.0.2

2.2.1

- 1 . 8

1.92.02.91.9

2.7- . 7

.1- 1 . 8

- 3 . 3- 2 . 8- . 7- . 3

11.8

7.1

10.0

11.011.27.86.87.6

10.219.622.618.118.1

16.319.318.217.818.820.924.226.223.123.8

27.328.030.032 136.537.440.242.145.748.4

52.252.656.9

51.952.352.452.1

53.053.054.449.9

55.554.257.260.5

10.3

7.1

8.7

8.910 89.9

12.613 413.911.210.312.011.7

13.614.115.216.715.817.719 119.920.923.5

23.022.925.526 628.231.236 138.544.748.3

50.052.558.7

50.050.449.550.1

50.353.854.351.7

58.957.057.960.8

22.0

23.3

35.2

36.456 3

117.1164.4181 7156.448.439.946 353.3

52.875.492.199.888.985.285 389.394.294.7

94.9100.5107.5109 6111.2114.7126 5140.2147.7145.9

139.0137.6142.9

3.5

6.0

12.5

15.036 298.9

147.8165.4139.730.119.123.727.6

25.347.463.870 056.850.749 751.753.652.5

51.454 660.059 558.157.965 474.778.173.5

64.760.861.6

18.5

17.3

22.7

21.420 118 316.616 316 718.420.822 725.7

27 527.928.429 732.134.435 637.640.642.2

43.545 947.550 153.256.861 165.569.672.4

74.376.881.3


142.4138.6137.5137.3

136.1135.7137.6141.1

142.2143.9142.6143.0

69.064.862.962.1

60.259.761.062.3

62.863.760.859.2

73.573.874.675.1

75.976.076.778.8

79.480.381.883.8

190.9

127.5

188.7

205.6236 6257.3272.8286 9282 5275.1281.4295 0294.1

324.2344.6353.2371 1366.2397.2404 8410 5405.2433.4

444.0452 3482.9503 2532.0567.0603 5617.5647.0664.9

661.3681.0728.4

659.5662.3666.1657.4

671.3677.5681.7693.7

705.6723.0734.5750.3

Percent change frompreceding period3

Totalgross

nationalproduct

- 1 . 9

8.5

8.516 112 913.27 2

- 1 7-12 .0

- . 94 4.2

9.67.93.04.5

- 1 . 47.61.81.5

- 1 . 16.4

2.51.96.64.05.46.36.52.64.72.7

~2.16.5

- 2 . 51.52.0

- 4 . 8

8.03.42.56.7

6.59.46.38.5

Grossprivateproduct

- 2 . 7

9.4

9.015.08.86.15 2

- 1 . 5- 2 . 6

2.34.8

- . 3

10.26.32.55.0

- 1 . 38.51.91.4

- 1 . 37.0

2.41.96.74.25.76.66.42.34.82.8

T.O6.9

- 2 . 61.72.3

- 5 . 1

8.73.72.57.2

7.110.26.58.9

1 Net of Government sales.2 Changes are based on unrounded data and therefore may differ slightly from those obtained from published data.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE C-3.—Implicit price deflators for gross national product, 1929-72

[Index numbers, 1958=100]

Year or quarter

Totalgross

nationalprod-uct i

Persona! consumptionexpenditures

TotalDur-able

goods

Non-durablegoods

Serv-ices

Gross private domestic investment1

Fixed investment

Total

Nonresidential

Total Struc-tures

Pro-ducers'durableequip-ment

1929-

1933..

1939..

1940..1941..1942..1943..1944..1945..1946..1947..1948..1949..

1950..1951..1952..1953..1954..1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964..1965..1966..1967..1968..1969.

1970.. .1971. . .1972' .

1970: L..II..III.IV..

1 9 7 1 : I . . .I I . .I I I .I V .

1972: L.II. .III.IV p

50.64

39.29

43.23

43.8747.2253.0356.8358.1659.6666.7074.6479.5779.12

80.1685.6487.4588.3389.6390.8693.9997.49

100.00101.66

103.29104.62105.78107.17108.85110.86113.95117.59122.30128. 20

135.23141.61145.88

55.3

40.6

45.1

45.548.754.859.963.265.470.577.982.381.7

82.988.690.591.792.592.894.897.7

100.0101.3

102.9103.9104.9106.1107.4108.8111.5114.4118.4123.5

129.3134.2137.4

56.4

41.9

46.0

46.550.459.364.271.575.976.882.786.386.8

87.894.295.494.392.991.994.998.4

100.0101.4

100.9100.6100.8100.4100.499.698.7

100.3103.4106.1

108.9112.4112.8

54.5

38.0

43.2

43.847.755.662.566.268.774.383.688.585.6

86.093.394.393.994.293.694.997.7

100.099.9

101.2101.9102.8104.0104.9106.9110.7113.0117.1122.2

127.7131.7135.8

56.1

43.6

47.7

47.949.852.755.357.558.762.767.972.174.3

76.380.083.687.790.092.094.697.3

100.0103.0

105.8107.6109.0110.9113.1115.1118.3122.2126.9133.2

140.1147.4151.7

39.4

30.6

37.7

39.042.046.549.351.151.558.566.773.974.7

77.583.185.386.686.889.094.098.5

100.0102.6

103.4103.9104.9106.0107.6109.3111.8115.9120.4126.4

132.2140.0146.2

39.9

31.6

38.7

40.042.747.849.951.051.056.364.570.772.8

74.480.482.684.084.886.792.497.9

100.0102.2

102.9103.4104.1104.5105.7107.5110.2113.8117.5123.0

130.0137.7142.9

35.7

27.9

33.1

33.936.441.346.848.649.254.464.471.571.2

72.979.383.284.986.088.193.498.6

100.0102.7

104.0105.6107.1108.9111.1114.7118.9124.0129.8141.0

152.7168.4184.1

44.6

34.5

42.2

43.446.351.551.151.951.757.564.670.373.6

75.280.982.283.584.085.991.897.5

100.0102.0

102.2102.1102.3102.3103.0103.9106.0109.3112.0115.2

120.1124.7127.5

Seasonally adjusted

132.97134.38135.71137.85

139.84141.34142.35142.88

144.68145.34146.21147.20

127.4128.6129.7131.5

132.8134.0134.8135.2

136.2137.0137.8138.6

107.6108.1109.0110.9

112.4113.2112.7111.3

112.6113.0113.5112.1

126.1127.4128.2129.2

130.2131.3132.3133.2

134.2135.0136.1137.8

137.8139.4140.8142.6

145.2146.7148.4149.2

150.1151.2152.2153.4

130.1131.4132.0135.6

137.4139.8141.0141.2

144.2145.8146.9147.8

127.2128.9130.4133.8

135.4137.5139.1138.6

141.3142.6143.5144.1

147.6151.1153.7158.5

160.9166.3171.9174.9

179.3182.7185.0189.6

118.2119.3120.6122.6

123.9125.0125.4124.5

126.5127.4128.3127.7



TABLE C-3.—Implicit price deflators for gross national product, 1929-72—Continued

[Index numbers, 1958=100]

Year or quarter

1929

1933

1939

19401941. . .1942194319441945 . .1946 . . . . .194719481949

1950.19511952195319541955 .1956 . .195719581959

196019611962196319641965 . .1966196719681969

1970 . .1971.1972 v

1970:1IIIllIV

1971:1I I . . . .IllIV

1972:1IIIllIV P

Exports and importsof goods and services*

Exports

59.5

33.7

44.1

48.653.061.565.2G9.971.375.487.392.787.0

84.997:098.895.294.394.997.5

101.3100.098.8

99.9101.9100.8100.6101.5104.7107.7109.7110.9114.6

120.5125.8129.6

Imports

57.3

28.8

38.6

40.843.048.351.253.256.464.979.486.482.2

88.7107.2103.699.1

100.8100.6102.5104.0100.099.3

101.0100.198.599.5

101.5103.4105.6106.5107.7111.1

118.6124.5132.6

Government purchases of goodsand services

Total

38.6

34.5

37.9

38.544.050.953.953.152.655.862.968.171.0

71.878.581.081.884.187.192.196.4

100.0102.4

105.0107.1109.0111.8115.7119.4124.0128.5135.1144.0

157.6169.1178.3

Federal

36.0

33.1

40.8

40.246.652.554.953.853.157.365.669.873; 0

72.979.481.281.483.586.991.795.8

100.0102.2

104.2105.2105.6108.0112.2115.5118.8121.5126.5134.5

149.2160.8171.9

State andlocal

39.1

35.0

36.3

37.339.242.344.646.148.653.260.466.468.9

70.876.980.682.885.387.592.797.3

100.0102.6

105.9109.4113.2116.3119.5123.5129.4136.4144.8153.6

165.0175.7183.1

Gross national product bysector

Private 2

51.73

39.92

43.93

44.6948.6655.5160.8562.0262.5968.2576.2781.4080.60

81.4187.3588.9989.6590.7791.5794.5397.92

100.00101.41

102.76103.73104.73105.80107.05108.83111.56114.79118.90124.30

130.31135.91139.49

Generalgovernment

34.1

33.5

36.8

36.034.737.339.743.348.355.458.560.864.7

67.170.574.476.679.584.088.793.3

100.0104.2

108.6113.6116.6121.5128.4133.5140.3147.6159.1171.0

188.8205.7221.7

Seasonally adjusted

118.5120.4121.7121.4

125.2125.8125.9126.3

127.4129.1130.1131.7

115.8117.4120.8120.4

122.8123.8125.4126.0

128.0131.9134.3136.1

152.6156.3159.7162.2

166.8169.2169.7170.7

175.4176.6179.2182.0

144.6148.5151.3152.9

159.9161.3160.5161.5

168.2169.9173.4176.6

160.1163.2166.7169.8

172.3175.4177.1178.0

181.0181.9183.6185.8

128.31129.49130.71132.73

134.28135.69136.63136.98

138.40139.00139.77140.71

183.3187.6190.6193.6

201.5204.6206.4210.1

217.5220.7223.1225.5

* Separate deflators are not available for total gross private domestic investment, change in business inventories, andnet exports of goods and services.

2 Gross national product less compensation of general government employees. See also Tables C-9 and C-10.



TABLE C-4.—Implicit price deflators and alternative price measures of gross national product andgross private product, 1939-72

Year orquarter

1939. . .

19401941194219431944

19451946194719481949.

19501951195219531954

19551956..1957.19581959

1960196119621963.1964

19651966196719681969

1970.19711972 v

1970:1IIIIIIV

1971:1IIIllIV

1972:1IIIIIIV*

Gross national product pricemeasures, 1958=100

Total

Implicitprice

deflator

43.23

43.8747.2253.0356.8358.16

59.6666.7074.6479.5779.12

80.1685.6487.4588.3389.63

90.8693.9997.49

100. 00101.66

103. 29104. 62105. 78107.17108. 85

110.86113.94117.59122. 30128.20

135. 23141.61145.88

Priceindex,1967

weights

- -

110.75114.06117.58122. 51128.61

135. 56142. 40147.97

Private

Implicitprice

deflator

43.93

44.6948.6655.5160.8562.02

62.5968.2576.2781 4080.60

81.4187.3588.9989.6590.77

91.5794 5397.92

100.00101.41

102.76103.73104 73105. 80107 05

108.83111.56114.79118.90124. 30

130.31135.91139.49

Priceindex,1967

weights

108.65111.62114.78119.10124.67

130.64136. 53140. 92

Percent change from preceding period i

Total

Implicitprice

deflator

—1 5

1.57.7

12.37.22.3

2.611.811.96.6

- . 6

1.36.82.11.01.5

1.43.43.72.51.7

1.61.31.11.31.6

1.81.83.24.04.8

5.54.73.0

Priceindex,1967

weights

3.03.14.25.0

5.45.13.9

Chainprice

index

3.14.24.9

5.35.03.7

Private

Implicitprice

'deflator

- 1 6

1.78.9

14.19.61.9

.99.0

11.86.7

- 1 . 0

1.07.31.9.7

1.2

.93.23.62.11.4

1.3.9

1.01.01.2

1.72.52.93.64.5

4.84.32.6

Priceindex,1967

weights

2.72.83.84.7

4.84.53.2

Chainpriceindex

2.93.84.6

4.74.53.1


132.97134.38135. 71137.85

139. 84141. 34142. 35142.88

144.68145.34146. 21147.20

133.25134.92136.15137.99

140. 35141.98143.11144.11

146. 26147. 35148.49149.72

128. 31129. 49130. 71132. 73

134. 28135. 69136. 63136.98

138. 40139.00139. 77140.71

128. 59130.05131.11132. 87

134. 67136.18137. 36137.94

139. 47140. 32141.34142.48

6.54.34.06.5

5.94.42.91.5

5.11.82.42.7

6.05.13.75.5

7.04.73.52.5

6.13.03.13.4

5.85.13.55.6

6.84.63.42.1

5.62.73.13.0

5.33.73.86.3

4.84.32.81.0

4.21.72.22.7

4.74.63.35.5

5.54.63.51.7

4.52.52.93.3

4.64.63.25.6

5.54.43.41.4

4.42.32.92.8

1 Changes are based on unrounded data and therefore may differ slightly from those obtained from published indexes.



TABLE C-5.—Gross national product by industry in 1958 dollars, 1947-71

[Billions of 1958 dollars]

Year

1947 . .19481949

195019511952....19531954

19551956. .1957...19581959

196019611962 .19631964

1965....1966.196719681969...

19701971...

Totalgrossna-

tionalproduct

309.9323.7324.1

355.3383.4395.1412.8407.0

438.0446.1452.5447.3475.9

487.7497.2529.8551.0581.1

617.8658.1675.2706.6725.6

722.1741.7

Agri-culture,fores-try,andfish-eries

17.920.019.4

20.419.520.221.221.6

22.122.021.522.022.3

23.123.423.324.023.6

25.023.725.224.825.4

26.126.9

Con-tractcon-

struc-tion

12.914.114.7

16.218.218.318.919.3

20.821.821.120.722.0

21.721.421.721.923.3

23.524.723.123.824.1

23.624.0

Manufacturing

Total

91.896.390.9

105.5116.2118.7128.6119.5

133.6134.1134.6123.7138.9

140.9140.4154.6162.4173.7

190.5205.7205.4219.2228.6

217.8221.4

Du-rablegoodsindus-tries

52.355.050.5

60.869.071.579.171.2

80.779.479.669.679.9

81.079.790.095.6

102.4

114.8125.1123.9131.8136.9

125.8125.8

Non-durablegoodsindus-tries

39.441.340.4

44.747.247.349.548.3

52.954.654.954.059.0

59.960.764.766.871.3

75.780.781.487.491.7

92.095.7

Trans-porta-tion,com-muni-cation,

andutili-ties

29.630 428.7

30.834.334.635.736.4

38.640.541.340.643.3

44.946.048.951.954.7

59.264.066.570.975.4

77.480.9

Whole-saleand

retailtrade

52.754.255.2

60.461.462.964.965.5

71.673.875.175.180.8

82.383.588.992.898.9

104.8111.6113.9120.8124.2

126.8131.9

Finance,insur-ance,andreal

estate

35.636.537.8

41.042.944.746.849.8

52.754.857.059.261.4

64.167.171.274.478.3

83.186.891.695.295.5

95.698.8

Serv-ices

30. &31.932.1

33.134.034.535.335.4

38.240.241.842.945.1

46.748.350.852.254.7

57.760.663.465.867.7

68.769.5

Gov-ern-mentand

govern-mententer-prises

32.433.234.7

35.943.947.247.146.1

46.046.246.947.347.9

49.250.652.653.956.1

58.061.865.568.670.3

70.070.0

Allother i

6.77.1

10.6

12.113.014.014.313.5

14.412.713.116.014.1

14.716.317.917.417.8

15.819.420.617.614.3

16.018.1

i Mining, rest of the world, and residual (the difference between gross national product measured as sum of final prod-ucts and gross national product measured as sum of gross product by industries).



TABLE C-6.—Gross national product by major type of product, 1929-72

[Billions of dollars]

Year orquarter

1929

1933

1939

1940194119421943194419451946 . . . .194719481949

195019511952 . . . .195319541955195619571958— —1959

19601961 . . . .19621963196419651966196719681969

197019711972 P . . . .

1970: !____II. . .III..IV..

1971: l__._II. . .III..IV-.

1972: L . . .II . . .III..IV '.

Totalgrossna-

tionalprod-

uct

103 1

55.6

90.5

99 7124.5157.9191 6210.1211.9208.5231.3257.6256.5

284.8328.4345.5364 6364 8398.0419.2441 1447.3483 7

503.7520.1560 3590.5632 4684.9749.9793 9864.2930.3

976.41,050.41.152.1

Finalsales

101.4

57.2

90.1

97.5120.1156.2192.2211.1213.0202.1231.8252.9259.6

278.0318.1342.4364.1366.4392.0414.5439.8448.8478.9

500.2518.1554.3584.6626.6675.3735.1785.7857.1922.5

971.51,046.71,146.2

Inve

ntor

ych

ange

1.7

- 1 . 6

.4

7 74.51.8

- 6- 1 . 0- 1 . 0

6.4- . 54.7

- 3 . 1

6.810.33.1

4- 1 5

6.04.71 3

- 1 . 54 8

3.6?.O6.05 95 89.6

14.88 77.17.8

4.93 65.8

Goods output

Total

Total

56.1

27.0

49.0

56.072.593.6

120.4132.3128.9124.9139.7154.2147.5

162.4189.7195.6204.1197.1216.4225.4234.6230.8249.1

259.6262.3284.5298.6319.4347.2383.3398.9429.5457.5

471.9495.5542.8

Finalsales

54.3

?8.6

48 6

53.868.091.9

121.0133.3129.9118 5140.1149.4150.5

155.6179.4192.5203.7198.6210.4220.7233.3232.3244.4

256.0260.2278.5292.7313.6337.6368.5390.7422.4449.7

467.0491.8536.9

l lU1 7

- 1 . 6

.4

7 74.51.8

- 6- 1 . 0- 1 . 0

6.4- . 54.7

- 3 . 1

6.810.33.1

4- 1 . 5

6.04.71 3

- 1 . 54,8

3.6?.O6.05 9f> 89.6

14.88 ?7.17.8

4.93 65.8

Durable goods

Total

17 5

4.9

1? 7

16.626.835.554.257.948.936 946.048.747.8

60.473.774.679.472.185.790.394.483.695.6

99.596 5

109.0116.1127.0139.6156 7161.1174.5187.3

184.9195.7222.7

Finalsales

16.1

5.4

1? 4

15.423.834.554.258.550.?31.644.348.049.9

56.366.873. 578.574.682.787 593.186.493.2

97.496.6

106.2113.3122.8133.0146.?156.5169.6182.3

183.0194.6217.6

l l• «c o1.4

g

1 73.01.0

0- . 6

- 1 . 35.31.7.7

- 2 . 1

4.16.91.1

9- ? 5

3.0?.81 3

- 2 . 87 3

? 1- . 12.8? 84 ?6.7

10 54 74.95.0

1.91 15.2

Nondurable goods

Total

38 5

?2.1

36.3

39.345.658.166.274.480.088.093.7

105. 599.7

102.0116.01?1.0124.8125.0130.7135,1140.2147.2153.6

160.1165.8175.5182.5192.4207.6??6.6237.7255.0270.2

287.0299.8320.1

Finalsales

38.2

n 736.2

38.444.?57.466.874.879.786 995.9

101.5100.6

99.3112.6119.1125.2124.1127.7133 ?140.2145.9151.1

158 6163 7172.2179.4190.7204.7??? 3234.2252.9267.4

284.0297.3319.4

>>

IIc o

0 3

- 1 , 1

1

1.01.4

- 63

. 21,1

- 2 . 24,0

- 1 . 0

7 73,4?,0

- . 5l n2.91 9.0

1.37 4

1 5? 13.23 11.63.04 33 "i2.12.8

3.07 5.7

Serv-ices

35.6

25.7

34.0

35.440.350 362.571.876.568.070.275.780.8

87.0101.2110.8118.8123.5132.6142.3154.2163.4176.2

187.3199.5213 3226.2244.2262.9289.1316.5346.6377.9

409.2443.9482.2

Struc-tures

11.4

2.9

7.5

8.311.814.08.76.16.5

15.621.427.728.3

35.437.539.141.744.249.051.552 353.158.3

56.858.362 665.768.874.877.578.688.194.9

95.4111.0127.1

Grossautoprod-uct

7.28.8

11.9

15.413.512.016.314.621.216.919.514.519.1

21.417.922.525.125.831.830.028.936.336.6

30.740.943.0


958.0971.7986.3989.7

1,023.41,043.01,056.91,078.1

1,109.11,139.41,164.01,195.8

i

956.4965.5980.2984.1

1,018.51,036.41,055.61,076.4

1,108.61,134.41,156.01,185.9

1.56.36.25.7

4.96.61.31.7

.45.08.0

10.0

463.8473.6478.8471.2

487.1492.4497.5504.8

517.6537.1550.4566.0

462.3467.3472.7465.6

482.2485.8496.2503.1

517.2532.1542.4556.0

1.56.36.25.7

4.96.61.31.7

5!o8.0

10.0

185.4186.8193.4173.9

193.3194.5196.7198.2

209.2217.6226.1238.0

184.4185.2187.4174.8

189.6191.0197.7200.1

208.8214.6220.7226.2

1.01.66.0

- . 9

3.73.6

- 1 . 0- 1 . 9

.43.05.4

11.9

278.4286.7285.4297.3

293.8297.9300.8306.6

308.4319.6324.3327.9

277.8282.1285.2290.7

292.6294.8298.5303.0

308.4317.5321.7329.9

0.54.7

.26.6

1.23.12.33.5

.02.12.6

- 1 . 9

400.6405.1412.2418.7

431.3441.1446.7456.3

467.3477.3487.3496.8

93.593.195.399.8

105.0109.5112.7117.0

124.2125.0126.3133.1

30.935.134.222.5

42.540.142.438.8

39.941.546.044.5



TABLE C-7.—Gross national product by major type of product in 1958 dollars, 1929-72


Year orquarter

1929

1933

1939

19401941194219431944 . .19451946194719481949

1950195119521953195419551956195719581959

1 9 6 0 . . . . . .196119621963196419651966196719681969

197019711972 P

1 9 7 0 : 1 . . . .I I . . .III. .IV...

1971: L . . .II.IllIV..

1972: I . . . .II..III.IV*.

Totalgrossna-

tionalprod-

uct

203.6

141.5

209.4

227.2263.7297.8337.1361.3355.2312.6309.9323.7324.1

355.3383.4395.1412.8407.0438.0446.1452.5447.3475.9

487.7497.2529.8551.0581.1617.8658.1675.2706.6725.6

722.1741.7789.7

Finalsales

200.1

145.9

208.2

222.3254.1293.8337.3363.2358.2302.6310.1319.1328.1

347.0372.5391.8411.8409.0431.6441.2451.2448.8471.1

484.2495.2523.8545.2575.2608.8644.2667.5700.2718.9

718.0739.1785.2

In-ven-tory

change

3.5

- 4 . 3

1.2

4.99.64.0

- . 2- 1 . 9- 2 . 910.0- . 24.6

- 3 . 9

8.310.93.3.9

- 2 . 06.44.81.2

- 1 . 54.8

3.52.06.05.85.89.0

13.97.76.46.7

4.12.64.5

Goods output

Total

Total

103.9

68.8

110.7

124.0143.4158.1187.4204.8198.0172.1172.2178.4174.2

192.6208.4214.0225.4215.1236.1239.0239.8230.8247.7

256.0257.3277.3289.7308.6330.7356.8363.1379.7390.0

385.8393.8423.9

Finalsales

100.4

73.2

109.5

119.0133.8154.1187.6206.7201.0162.1172.4173.8178.1

184.3197.5210.7224.5217.1229.7234.2238.5232.3242.9

252.6255.3271.3283.9302.8321.7342.9355.4373.3383.3

381.7391.2419.4

3.5

- 4 . 3

1.2

4.99.64.0

- . 2- 1 . 9- 2 . 910.0- . 24.6

- 3 . 9

8.310.93.3.9

- 2 . 06.44.81.2

- 1 . 54.8

3.52.06.05.85.89.0

13.97.76.46.7

4.12.64.5

Durable goods

Total

33.6

11.7

27.6

35.650.057.285.695.984.354.760.161.358.0

73.484.84.691.081.996.596.596.283.694.0

97.894.9

107.0114.2124.6136.5151.8152.2160.7167.5

160.0164.5185.9

Finalsales

30.9

13.4

27.0

32.843.554.485.297.487.446.158.660.061.0

68.376.183.289.984.893.093.595.086.491.6

95.994.9

104.1111.4120.4130.1141.9148.0156.2163.2

158.6163.8181.9

2.7

- 1 . 7

.6

2.76.62.9.4

-1.5-3.18.61.51.2

-3.0

5.28.01.51.2

-3.03.43.01.2

-2.82.4

2.0.0

2.82.84.16.59.84.34.44.3

1.4.6

4.0

Nondurable goods

Total

70.4

57.1

83.0

88.493.4

100.9101.7108.8113.7117.4112.2117.1116.2

119.1124.3129.4134.4133.2139.7142.5143.6147.2153.7

158.2162.3170.3175.6184.1194.2205.1210.9219.0222.5

225.8229.4238.1

Finalsales

69.5

59.8

82.5

86.290.399.7

102.4109.3113.6116.0113.8113.8117.1

116.0121.4127.6134.6132.3136.7140.7143.6145.9151.2

156.7160.3167.2172.5182.3191.6201.0207.4217.0220.1

223.2227.3237.5

II2-5

0.8

- 2 . 7

.6

2.23.11.2

- . 6- . 4

.21.4

-1.73.3

- . 9

3.12.91.8

- . 2.9

3.01.8.0

1.32.5

1.52.03.13.11.72.64.13.52.02.5

2.62.0.6

Serv-ices

69.3

63.0

76.9

80.089.8

107.7131.8144.0144.3113.3106.5109.3112.4

117.5130.5136.3140.3141.8147.5153.0160.1163.4171.2

176.6184.0193.7200.9210.8221.9236.3249.1259.7268.2

272.5278.4291.1

Struc-tures

30.3

9.8

21.8

23.230.531.917.912.412.927.231.236.137.5

45.244.444.747.050.254.354.052.653.157.0

55.055.858.860.461.665.265.063.067.267.3

63.869.574.8

Grossautoprod-

uct


720.4723.2726.8718.0

731.9737.9742.5754.5

766.5783.9796.1812.4

719.5717.5721.9713.2

728.1732.6741.7753.8

766.3780.0789.8804.7

0.95.64.94.8

3.85.3.7.7

.33.96.27.7

384.0389.5390.3379.4

389.4391.0394.5400.4

407.0420.7428.7439.2

383.1383.8385.5374.6

385.6385.7393.7399.7

406.8416.7422.5431.5

0.95.64.94.8

3.85.3.7.7

.33.96.27.7

162.4162.9166.9147.6

162.7162.8164.9167.4

175.0181.4187.9199.1

161.8161.5162.2148.7

159.8160.0166.0169.5

174.8179.1183.8189.9

0.71.44.7

- 1 . 1

2.92.8

- 1 . 1- 2 . 1

.32.34.19.2

221.6226.6223.5231.7

226.6228.3229.5233.0

232.0239.2240.9240.1

221.3222.3223.3225.8

225.8225.7227.7230.2

232.0237.6238.7241.6

0.34.2.2

5.9

.92.61.92.8

.01.62.2

- 1 . 5

272.5271.1272.9273.6

274.8278.2278.4282.3

285.2289.3293.2296.6

64.062.663.565.0

67.768.869.671.8

74.374.074.176.6

10.311.414.8

19.115.913.518.717.124.618.620.214.518.5

21.017.522.024.725.531.830.629.035.435.0

28.436.438.4

29.232.831.620.0

37.134.837.835.8

35.637.040.640.4



TABLE G-8.—Gross national product: Receipts and expenditures by major economic groups, 1929-72


Year orquarter

Persons

Disposable personalIncome

Total

Less:Inter-

estpaidand

trans-fer

pay-mentsto for-eigners

Equals:Total

exclud-ing in-terestand

trans-fers

Per-sonalcon-

sump-tionex-

pendi-tures

Per-sonal

savingor

dis-saving

Government

Net receipts

Taxandnon-taxre-

ceiptsor ac-cruals

Less:Trans-fers,inter-estandsub-

sidies3

Equals:Netre-

ceipts

Expenditures

Totalex-

pendi-tures

Trans-fers,

inter-est,andsub-

sidies*

Equals:Pur-

chasesof

goodsand

serv-ices

1929.

1933.

1939.

1940.1941..1942..1943..1944..1945..1946..1947..1948..1949..

1950..1951..1952..1953..1954..ia55_.1956..1957..1958..1959..

I960..1961..1962..1963..1964..1965..1966..1967_.1968..1969..

1970..1971-1972*

1970: L...II...III..IV..

1971:1....II—III..IV..

1972:1....II...III..IV*.

83.3

45.5

70.3

75.792.7

116.9133.5146.3150.2160.0169.8189.1188.6

206.9226.6238.3252.6257.4275.3293.2308.5318.8337.3

350.0364.4385.3404.6438.1473.2511.9546.3591.0634.4

689.5744.4795.1

667.9687.2699.1704.0

725.7742.9750.4758.5

770.5782.6798.8828.4

1.9

.7

.9

1.01.1.8

'.B1.01.41.82.22.4

2.93.13.54.34.65.15.96.46.57.1

7.88.18.69.7

10.712.013.013.915.116.7

17.918.519.3

81.4

44.9

69.4

74.791.6

116.1132.7145.5149.3158.6168.0186.9186.2

204.1223.5234.8248.3252.9270.2287.2302.2312.3330.3

342.3356.3376.6394.9427.4461.3498.9532.4575.9617.7

671.6725.8775.9

77.2

45.8

66.8

70.880.688.599.3

108.3119.7143.4160.7173.6176.8

191.0206.3216.7230.0236.5254.4266.7281.4290.1311.2

325.2335.2355.1375.0401.2432.8466.3492.1536.2579.5

616.8664.9721.1

4.2

- . 9

2.6

3.811.027.633.437.329.615.27.3

13.49.4

13.117.318.118.316.415.820.620.722.319.1

17.021.221.619.926.228.432.540.439.838.2

54.960.954.8

11.3

9.3

15.4

17.725.032.649.251.253.250.956.858.956.0

68.784.889.894.389.7

100.4109.0115.6114.7128.9

139.8144.6157.0168.8174.1189.1213.3228.9263.5296.7

302.0321.6365.7

1.8

2.7

4.2

4.44.04.44.76.5

10.418.517.318.821.3

22.919.919.019.521.923.425.528.733.034.0

36.541.342.844.446.749.955.562.870.777.9

93.0105.7117.1

9.5

6.7

11.2

13.321.028.244.444.742.832.439.540.134.7

45.864.970.874.867.876.983.586.881.695.0

103.3103.3114.2124.3127.3139.2157.9166.2192.7218.8

209.0215.9248.6

10.3

10.7

17.6

18.428.864.093.3

103.092.745.542.450.359.1

60.879.093.7

101.296.797.6

104.1114.9127.2131.0

136.1149.0159.9166.9175.4186.9212.3242.9270.3287.9

312.1338.5372.0

1.8

2.7

4.2

4.44.04.44.76.5

10.418.517.318.821.3

22.919.919.019.521.923.425.528.733.034.0

36.541.342.844.446.749.955.562.870.777.9

93.0105.7117.1

8.5

8.0

13.3

14.024.859.688.696.582.327.025.131.637.8

37.959.174.781.674.874.278.686.194.297.0

99.6107.6117.1122.5128.7137.0156.8180.1199.6210.0

219.0232.8254.9


17.517.818.118.3

18.318.418.718.8

18.819.119.419.8

650.4669.4681.0685.7

707.4724.5731.7739.7

751.7763.5779.4808.6

604.1613.4623.0626.5

648.0660.4670.7680.5

696.1713.4728.6746.2

46.355.958.059.2

59.364.161.059.3

55.750.150.862.4

299.0303.7303.0302.4

313.5318.8323.3330.7

353.8361.4368.8

81.896.595.298.5

100.6107.4106.5108.4

112.1114.1115.7126.6

217.2207.2207.8203.9

212.9211.4216.8222.3

241.7247.3253.1

299.1313.2314.7321.2

327.5336.9340.2349.4

361.6368.3371.2386.9

81.896.595.298.5

100.6107.4106.5108.4

112.1114.1115.7126.6

217.3216.7219.5222.6

227.0229.5233.6240.9

249.4254.1255.6260.3



TABLE C-8.—Gross national product: Receipts and expenditures by major economic groups,1929-72—Continued


Yearor

quarter

1929

1933 .

1939

1940.1941..1942 .194319441945. .19461947.1948.. . .1949

195019511952.. .19531954. . .19551956195719581959

I960..196119621963196419651966 .196719681969

1970 ._19711972 v

1970: 1IIIIIIV

1971: 1IIIIIIV.

1972: 1IIIIIIV *

Grossre-

tainedearn-ings 3

11.2

3.2

8.4

10.511.414.516.317.115.114.520.228.029.7

29.433.135.136.139.246.347.349.849.456.8

56.858.766.368.876.284.791.393.095.497.0

97.3109.9123.8

Business

Grosspri-vate

domes-tic

invest-ment4

16.2

1.4

9.3

13.117.99.85.77.1

10.630.634.046.035.7

54.159.351.952.651.767.470.067.960.975.3

74.871.783.087.194.0

108.1121.4116.6126.0139.0

137.1152.0180.2

Excessof in-vest-ment( - )

-5 .1

1.8

- . 9

-2 .7-6 .5

4.610.610.04.6

-16.1-13.8-18.0-6 .0

-24.7-26.2-16.8-16.5-12.5-21.1-22.8-18.1-11.5-18.5

-18.0-13.0-16.8-18.4-17.8-23.4-30.1-23.5-30.6-42.0

-39.7-42.1-56.3

Nettrans-fers to

for-eignersby per-sonsand

Govern-ment

0.4

.2

.2

.2

.2

.2

.23

.82.92.64.55.6

4 03.52.52.52.32.52.42.32.42.4

2.42.62.72.82.82.82.83.02.92.9

3.23.63.8

nternational

Net exports of goodsand services

Ex-ports

7.0

2.4

4.4

5.45.94.84.45.37.2

14.719.716.815.8

13.818.718.016.917.819.823.626.523.123.5

27.228.630.332.337.139.243.446.250.655.5

62.966.173.7

Less:Im-

ports

5.9

2.0

3.4

3.64.64.86.57.17.97.28.2

10.39.6

12.015.115.816.615.917.819.620.820.923.3

23.223.025.126.428.632.338.141.048.153.6

59.365.477.8

Equals:Netex-

ports

1.1

.4

1.1

1.71.3

0- 2 . 0- 1 . 8- . 67.5

11.56.46.1

1.83.72.2.4

1.82.04.05.72.2

.1

4.05.65.15.98.56.95.35.22.51.9

3.6.7

- 4 . 1

Excessof

trans-fersor

of netex-

ports(_)5

- 0 . 8

- . 2

- . 9

- 1 . 5- 1 . 1

.22.22.11.4

- 4 . 6- 8 . 9- 1 . 9- . 5

2.2- . 2

2.1.5.5

- 1 . 5- 3 . 4

.22.3

- 1 . 7-3 .0- 2 . 5-3 .1-5 .7-4 .1- 2 . 4-2.2

. 41.0

- . 42.87.8

Totalincomeor re-ceipts

102.4

55.0

89.2

98.7124.1159.0193.6207.6208.0208.4230.4259.5256.2

283.3325.1343.3361.6362.1395.9420.4441.1445.8484.5

504.8520.8559.8590.8633.7688.0750.9794.6866.9936.3

981.11,055.21,152.2

Statis-ticaldis-

crep-ancy

0.7

.6

1.3

1.0.4

- 1 . 1- 2 . 0

2.53.9

.'9- 2 . 0

.3

1.53.32.23.02.72.1

- 1 . 1.0

1.6- . 8

- 1 . 0- . 8

.5- . 3

- 1 . 3- 3 . 1-1 .0

1-2 .7-6 .1

-4 .7- 4 . 8

. 1

Grossna-

tionalprod-uct

or ex-pendi-ture

103.1

55.6

90.5

99.7124.5157.9191.6210.1211.9208.5231.3257.6256.5

284.8328.4345.5364.6364.8398.0419.2441.1447.3483.7

503.7520.1560.3590.5632.4684.9749.9793.9864.2930.3

976.41,050.41,152.1


95.397.998.397.9

103.2108.6110.5117.2

115.9124.8125.1

132.9137.7139.9137.8

143.9153.0152.2158.8

168.1177.0183.2192.4

-37.6-39.8-41.6-39.9

-40.7-44.4-41 .7- 4 1 . 6

- 5 2 . 2- 5 2 . 2-58 .1

3.13.13.33.4

3.23.43.84.0

3.83.83.83.8

61.563.063.763.2

66.366.768.563.0

70.770.074.479.7

57.959.259.860.4

61.866.668.265.1

75.375.277.882.7

3.63.94.02.8

4.5.1.4

- 2 . 1

- 4 . 6- 5 . 2- 3 . 4- 3 . 0

- 0 . 5- . 7- . 6

.6

- 1 . 43.23.46.1

8.49.07.26.7

966.0977.6990.4990.9

1,026.71,047.91,062.81,083.2

1,113.11,139.41,161.6

-7 .9-5 .9-4 .0-1 .0

-3 .3-4 .9- 5 . 9- 5 . 2

- 4 . 1- . 12.3

958.0971.7986.3989.7

1,023.41,043.01,056.91,078.1

1,109.11,139.41,164.01,195.8

1 Personal income less personal tax and nontax payments (fines, penalties, etc.).2 Government transfer payments to persons, foreign net transfers by Government, net interest paid by government,

subsidies less current surplus of government enterprises, and disbursements less wage accruals.3 Capital consumption allowances, corporate inventory valuation adjustment, and undistributed corporate profits, and

private wage accruals less disbursements.* Private business investment, purchases of capital goods by private nonprofit institutions, and residential housing.

See Table C-13.5 Net foreign investment less capital grants received by the United States, with sign changed.



TABLE C-9.—Gross national product by sector, 1929-72


Year orquarter

1929.

1933.

1939

1940194119421943.. .1944194519461947. .19481949

1950195119521953195419551956 .195719581959

196019611962.1963. .19641965196619671968 .1969

197019711972 v

1970: 1 . . . .IIIIIIV

1971: 1. _IIIllIV.. . . . .

1972: 1 .IIIIIIV v

Totalgross

nationalproduct

103.1

55.6

90.5

99.7124.5157.9191.6210.1211.9208.5231.3257.6256.5

284.8328.4345.5364.6364.8398.0419.2441.1447.3483.7

503.7520.1560.3590.5632.4684.9749.9793.9864.2930.3

976.41,050.41,152.1

Gross private product *

Total

98.8

50.9

82.9

91.9115.1142.8166.0177.9176.8187.7214.6240.1237.0

263.9301.0314.3332.7332.4363.8382.6402.0405.2439.4

456.3469.2505.7532.4569.4617.1673.3708.8769.3826.5

861.8925.6

1, 016.0

Business

Total

95.1

48.9

80.3

89.1112.2139.5

172.3182.7208.6233.5230.1

256.3292.8305.8323.6322.7352.9370.8389.3391.7425.0

440,7452.3487.4513.0548.2594.4648.9681.6739.0794.1

826.3884.7970.8

Nonfarm *

85.4

44.3

74.0

82.6103.3126.5147.2158.5156.4163.9188.5210.2211.4

236.3269.9283.7303.3303.1334.1352.2370.9370.9405.3

420.2431.4466.2491.5527.6570.8624.0657.0713.9766.2

797.3853.9937.4

Farm

9.7

4.6

6.3

6.58.9

13.015.315.315.918.820.223.318.8

20.022.922.220.319.618.818.618.420.819.6

20.520.921.221.520.623.724.924.625.227.9

28.930.933.4

House-holdsand

institutions

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

10.511.412.2

13.214.015.016.017.318.520.222.825.528.1

30.933.937.8

Rest ofthe world

0.8

.3

.3

.4

.4

.4

.4

.4

.6

.81.01.0

1.21.31.31.31.61.82.12.22.02.2

2.42.93.33.44.04.24.14.54.74.3

4.66.97.3

Grossgovern-

mentproduct 3

4 3

4.7

7 6

7.89 4

15.125.632.235.220.816.717.419.4

20.927.431.231.932.534.236.639.142.144.3

47.550.954.758.163.067.876.685.194.9

103J

114.7124.8136.1


958.0971.7986.3989.7

1,023.41, 043.01,056.91, 078.1

1,109.11,139.41,164.01,195.8

846.2857.7870.7872.6

901.4919.3931.4950.2

976.61,005.01, 026.61,055.7

811.7823 4834.6835.3

862.7878.7890.9906.6

933.7960.8980.4

1,008.5

782.0794.3806.0807.0

832.8848.5859.6874.5

901.8928.2947.4972.2

29.729 228.728.2

29.930.231.232.1

31.932.633.036.3

30.030.131.332.3

33.033.234.335.1

36.037.338.639.4

4.54.14.85.1

5.77.46.28.5

6.86.97.67.8

111.7114.1115.6117.2

122.1123.7125.5127.9

132.5134.4137.4140.1

1 Gross national product less compensation of general government employees.2 Includes compensation of employees in government enterprises.3 Compensation of general government employees.



TABLE C-10.—-Gross national product by sector in 1958 dollars, 1929-72


Year orquarter

1929..

1933..

1939..

1940..1941..1942..1943..1944..1945..1946..1947..1948..1949..

1950..1951..1952..1953..1954..1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964..1965..1966..1967..1968..1969...

1970-1971..1972 p.

19(70:1.IIIIIIV

1971: L...II —IIIIV

1972:1IIIIIIV v

Totalgross

nationalproduct

203.6

141.5

209.4

227.2263.7297.8337.1361.3355.2312.6309.9323.7324.1

355.3383.4395.1412.8407.0438.0446.1452.5447.3475.9

487.7497.2529.8551.0581.1617.8658.1675.2706.6725.6

722.1741.7789.7

Gross private product1

Total

190.9

127.5

188.7

205.6236.6257.3272.8286.9282.5275.1281.4295.0294.1

324.2344,6353.2371.1366.2397.2404.8410.5405.2433.4

444.0452.3482.9503.2532.0567.0603.5617.5647.0664.9

661.3681.0728.4

Total

182.1

120.6

180.7

197.1228.1248.7264.9278.9274.6267.0272.8286.0284.7

314.2334.5343.2360.7355.4385.4392.2397.5391.7419.4

429.5436.9466.7486.6514.4548.9584.9597.8626.5644.6

640.7658.5705.0

Business

Nonfarm3

165.1

103.0

162.5

179.6209.3228.0245.3259.5256.5248.6255.8267.0266.2

294.9316.2324.2340.7335.0364.4371.4377.2370.9398.3

407.6414.8444.6463.8492.1525.2562.5573.9603.1620.5

616.0633.0681.7

Farm

17.0

17.5

18.2

17.518.820.619.619.418.118.517.019.018.4

19.418.419.020.020.420.920.820.320.821.1

21.922.222.122.822.323.722.423.923.424.1

24.725.523.3

House-holdsand

institutions

.7.4

5.7

7.1

7.67.57.87.27.17.17.17.57.98.2

8.78.88.89.19.2

10.110.610.911.411.7

12.212.412.913.213.714.014.615.416.016.3

16.716.917.9

Rest ofthe world

1.4

1.2

.9

1.0.9.8.8.9.8.9

1.11.21.2

1.31.21.21.31.61.82.02.12.02.2

2.32.93.43.43.94.13.94.34.54.0

4.05.65.4

Grossgovern-

mentproduct'


720.4723.2726.8718.0

731.9737.9742.5754.5

766.5783.9796.1812.4

659.5662.3666.1657.4

671.3677.5681.7693.7

705.6723.0734.5750.3

638.8642.3645.4636.4

649.7654.8659.8669.8

682.9700.1710.8726.3

614.7617.1620.8611.2

623.9629.3633.9644.8

659.2676.4688.4703.0

24.125.224.525.1

25.825.425.925.0

23.823.822.423.4

16.716.516.716.8

16.916.716.917.1

17.417.718.218.2

4.13.64.04.2

4.76.05.06.8

5.45.25.65.7

12.7

14.0

20.6

21.627.240.564.374.472.837.528.628.730.1

31.138.841.841.740.940.741.341.942.142.5

43.744.846.947.849.150.854.657.659.760.7

60.760.761.4

60.960.860.760.5

60.660.560.860.8

60.961.662.1

1 Gross national product less compensation of general government employees.3 Includes compensation of employees in government enterprises.* Compensation of general government employees.


205490-000 O - 73 - 14Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE C-ll.—Gross product originating in nonfinancial corporations and dollar costs per unit ofoutput, 1948-72

Year or quarter

Gross productoriginating innonfinancial

corporations (bil-lions of dollars)

Currentdollars

1958dollars

Current dollar costs per unit of 1958 dollar gross product (dollars)

Totalcostsi

Capitalcon-

sump-tion

allow-ances

Indirectbusi-ness

taxes 2

Com-pensa-tion of

em-ployees

Netinterest

Corporate profits and inven-tory valuation adjustment

TotalProfits

taxliability

Profitsaftertaxes

plus in-ventory

valuationadjust-ment

1948-1949-

1050..1951-1952..1953-1954..

1955..1956..1957-1958-1959-

1960..1961-1962-1963-1964..

1965..1966-1967-1968-1969-

1970-1971-1972 *

1970: L .II.IllIV.

1971: I..II.IllIV.

1972: I..II.III.

137.0133.3

151.7174.3182.0194.7191.6

216.3231.2241.9236.0263.7

273.1278.4302.8320.0346.0

377.6413.0430.8469.9504.3

516.1549.4604.9

172.9165.6

186.4203.5207.1219.8213.4

237.2244.0247.2236.0260.8

267.1270.6292.9308.0329.7

357.8385.0390.2415.0433.9

427.4438.8475.3

0.793.805

.814

.857

.879

.886

0.040.047

.046

.049

.054

.059

.069

.072

.076

.082

.091

.091

.095

.100

.100

.100

.099

.100

.107

.109

.115

.124

.132

.136

0.070.076

.075

.075

.081

.083

.081

.081

.085

.090

.097

.094

.099

.103

.101

.102

.103

.100

.096

.100

.105

.109

.118

.124

.122

0.507.514

.507

.541

.570

.584

.591

.582

.619

.642

.659

.654

.670

.670

.665

.664

.664

.660

.678

.707

.727

.764

.812

.832

.843

0.005.006

.005

.005

.006

.006

.007

.007

.007

.009

.011

.010

.011

.013

.014

.015

.015

.017

.019

.023

.025

.029

.035

.037

.036

0.171.162

.180

.186

.168

.154

.149

.170

.160

.155

.142

.164

.151

.149

.154

.158

.168

.179

.180

.167

.166

.145

.119

.128

.134

0.069.057

.090

.103

.086

.084

.074

.084

.081

.076

.069

.080

.073

.073

.071

.074

.074

.077

.078

.073

.082

.078

.063

.067

.069


510.9516.4521.9515.3

536.2546.9552.2562.6

582.4599.3610.0

429.6429.6431.2419.2

432.0436.8438.9447.3

459.6471.7478.9

1.1891.2021.2101.229

1.2411.2521.2581.258

1.2671.2711.274

0.122.123.124.129

.128

.131

.134.135

.135

.138

.137

0.114.116.118.122

.123

.122

.124.126

.123

.122

.123

0.800.804.812.831

.826

.831

.834

.836

.842

.841

.842

0.033.035.036.037

.037

.037

.037

.037

.037

.036

.036

0.120.124.121.110

.128

.131

.128

.124

.130

.133

.136

0.065.064.065.058

.070

.071

.067

.061

.068

.068

.070

0.103.104

.090

.083

.082

.070

.075

.086

.079

.078

.073

.084

.078

.076

.082

.084

.094

.102

.102

.094

.084

.067

.056

.061

.065

0.055.059.056.052

.058

.061

.061

.063

.063

.065

.066

1 This is equal to the deflator for gross product of nonfinancial corporations, with the decimal point shifted two places tothe left.

2 Also includes business transfer payments less subsidies.



TABLE C-12.—Personal consumption expenditures, 1929-72


Yearor

quarter

1929 . . .

1 9 3 3 . . .

1939..

1940..1941. .1942..1943. .1944..1945..1946..1947..1948..1949..

1950..1951. .1952..1953. .1954..1955..1956..1957..1958..1959..

I960. .1961..1962..1963..1964...1965.. .1966...1967...1968...1969. . .

1970. . .1971 . . .1972 *_.

1970:I . .II..III.IV.

1971:L_I I . .MLIV.

1972:

117.III.IV p

Durable goods

5o11

Nondurable goods Services

77.2

45.8

66.8

70.880.688.599.3

108.3119.7143.4160.7173.6176.8

191.0206.3216.7230.0236.5254.4266.7281.4290.1311.2

325.2335.2355.1375.0401.2432.8466.3492.1536.2579.5

616.8664.9721.1

9.2

3.5

6.7

7.89.66.96.66.78.0

15.820.422.724.6

30.529.629.333.232.839.638.940.837.944.3

45.344.249.553.959.266.370.873.184.090.8

90.5'03.5116.3

3.2

1.1

2.2

2.73.4

'.Z.8

1.04.06.27.59.9

13.111.611.114.213.618.416.418.315.419.5

20.118.422.024.325.830.330.330.537.540.2

37.346.752.9

4.8

1.9

3.5

3.94.94.73.93.84.68.6

10.911.911.6

14.114.414.314.915.016.617.517.317.118.9

18.919.320.522.225.026.929.931.434.337.1

39.042.047.7

1.2

.5

1.0

1.11.41.61.92.22.53.23.33.43.2

3.33.63.94.14.24.65.05.25.45.9

6.36.56.97.58.59.1

10.511.212.313.5

14.214.815.7

37.7

22.3

35.1

37.042.950.858.664.371.982.490.596.294.5

98.1108.8114.0116.8118.3123.3129.3135.6140.2146.6

151.3155.9162.6168.6178.7191.1206.9215.0230.8245.9

264.4278.1299.5

19.5

11.5

19.1

20.223.428.433.236.740.647.452.354.252.5

53.960.463.464.465.467.269.973.676.478.6

80.582.985.788.292.998.8

105.8108.5115.3120.6

132.1136.4144.8

9.4

4.6

7.1

7.48.8

11.013.414.416.518.218.820.119.3

19.621.221.922.122.123.124.124.324.726.4

27.327.929.630.633.535.940.342.346.350.2

52.056.961.9

1.8

1.5

2.2

2.32.62.11.31.61.83.03.64.45.0

5.46.16.87.78.29.09.8

10.611.011.6

12.312.412.913.514.015.316.617.619.020.9

22.223.525.2

7.0

4.6

6.7

7.13.09.3

10.611.713.013.815.717.517.7

19.221.121.722.722.624.025.427.128.230.1

31.232.734.436.338.241.144.446.650.254.2

58.161.367.6

30.3

20.1

25.0

26.028.130.834.237.239.845.349.854.757.6

62.467.973.479.985.491.498.5

105.0112.0120.3

128.7135.1143.0152.4163.3175.5188.6204.0221.3242.7

261.8283.3305.4

11.5

7.9

9.1

9.410.211.011.512.012.513.915.717.519.3

21.323.926.529.331.733.736.038.541.143.7

46.348.752.055.459.363.567.571.877.384.1

90.999.2

107.2

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

20.020.822.023.124.325.627.129.131.233.8

36.339.543.3

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

10.810.611.011.411.612.613.614.515.516.6

18.219.921.7


12.2

7.9

10.1

10.411.212.314.015.616.819.721.423.323.9

25.426.928.730.833.235.538.641.344.348.0

51.654.958.062.568.173.880.488.597.3

108.2

116.3124.8133.2

604.1613.4623.0626.5

648.0660.4670.7680.5

696.1713.4728.6746.2

90.291.692.687.5

99.8101.9106.1106.1

111.0113.9118.6121.5

37.839.239.433.0

44.945.448.847.9

49.951.354.855.5

38.738.838.839.6

41.041.441.943.5

46.546.847.949.4

13.813.614.514.9

13.915.015.514.7

14.715.715.916.6

257.8262.4266.3271.3

273.4277.2278.5283.4

288.3297.2302.0310.4

128.0131.2133.9135.2

135.1135.9136.6137.9

140.3144.1145.8149.1

51.151.851.753.6

55.156.757.458.5

59.461.562.664.2

21.822.022.322.8

23.023.023.524.3

24.624.525.426.1

56.957.458.459.7

60.161.660.962.8

64.067.168.271.0

256.1259.4264.1267.7

274.8281.3286.1290.9

296.7302.4308.0314.3

88.790.191.493.4

95.898.1

100.3102.5

104.2106.1108.1110.2

35.335.936.937.2

38.039.140.040.7

41.242.744.045.2

17.718.018.518.8

19.319.820.220.4

21.021.521.922.4

114.3115.5117.2118.3

121.8124.3125.7127.3

130.3132.0134.0136.6

1 Includes consumer purchases of mobile homes.2 Includes imputed rental value of owner-occupied dwellings.



TABLE C—13.—Gross private domestic investment, 1929—72


Year orquarter

Totalgross

privatedomesticinvest-ment

Fixed investment

Total

Nonresidential

Total

Structures

Total Non-farm

Producers'durable

equipment

Total Non-farm

Residential structures

TotalNon-farm Farm

Change inbusiness

inventories

Total

1929

1933.. .

1939...

19401941.. .1942..1943.1944... . . .1945...1946.1947...1948..1949..

1950..1951..1952...1953__.19541955...1956..1957...1958..1959

I960. . . .196119621963...1964.19651966196719681969..

1970.1971.1972*

1970: IIII l l — -IV

1971: IIIIIIIV

1972: IIIIll —IV' . . -

16.2

1.4

9.3

13.117.99.85.77.1

10.630.634.046.035.7

54.159.351.952.651.767.470.067.960.975.3

74.871.783.087.194.0

108.1121.4116.6126.0139.0

137.1152.0180.2

14.5

3.0

8.9

11.013.48.16.48.1

11.624.234.441.338.8

47.349.048.852.153.361.465.366.562.470.5

71.369.777.081.388.298.5

106.6108.4118.9131.1

132.2148.3174.3

10.6

2.4

5.9

7.59.56.05.06.8

10.117.023.426.925.1

27.931.831.634.233.638.143.746.441.645.1

48.447.051.754.361.171.381.683.388.898.5

100.9105.8120.4

5.0

.9

2.0

2.32.91.91.31.82.86.87.58.88.5

9.211.211.412.713.114.317.218.016.616.7

18.118.419.219.521.225.528.528.030.334.2

36.038.442.2

4.8

.9

1.9

2.22.81.81.21.72.66.16.78.07.7

8.510.410.511.912.313.616.517.215.815.9

17.417.718.518.820.524.927.827.329.633.5

35.237.541.4

5.6

1.5

4.0

5.36.64.13.75.07.3

10.215.918.116.6

18.720.720.221.520.623.826.528.425.028.4

30.328.632.534.839.945.853.155.358.564.3

64.967.478.2

4.9

1.3

3.4

4.65.63.53.24.26.39.2

14.015.513.7

15.717.717.618.618.021.224.225.922.025.4

27.725.829.531.236.341.648.450.053.659.2

59.260.970.3

4.0

.6

2.9

3.43.92.11.41.31.57.2

11.114.413.7

19.417.217.218.019.723.321.620.220.825.5

22.822.625.327.027.127.225.025.130.132.6

31.242.653.9

3.8

.5

2.8

3.23.71.91.21.11.46.7

10.413.612.8

18.616.416.417.219.022.720.919.520.124.8

22.222.024.826.426.626.724.524.529.532.0

30.742.053.2

0.2

.0

1.7

- 1 . 6

.4

2.24.51.8

- . 6- 1 . 0- 1 . 0

6.4

A. 7- 3 . 1

6.810.33.1

- L 56.04.71.3

- 1 . 54.8

3.62.06.05.95.89.6

14.88.27.17.8

4.93.65.8


132.9137. ?139.9137.8

143.9153.0152.2158.8

168.1177.0183.2192.4

131.4131.4133.7132.1

139.0146.4150.9157.2

167.7172.0175.2182.4

100.2101.7103.498.5

101.9105.0106.3109.8

116.1119.2120.7125.6

35.536.136.236.3

37.638.338.738.8

41.342.041.843.8

34.735.335.435.5

36.837.537.938.0

40.541.240.943.0

64.865.667.262.1

64.366.767.671.0

74.877.279.081.8

59.259.861.256.6

58.360.460.864.2

67.769.671.072.8

31.229.730.333.6

37.041.444.547.3

51.652.854.456.8

30.629.429.933.0

36.640.943.946.7

51.052.153.755.9

0.5.3.4.6

.5

.5

.7

.6

.6

.6

.8

.9

1.56.36.25.7

4.96.61.31.7

.45.08.0

10.0



TABLE C—14.—Relation of gross national product and national income, 1929—72


Year or quarterGross

nationalproduct

103.1

55.6

90.5

99.7124.5157.9191.6210.1211.9208.5231.3257.6256.5

284.8328.4345.5364.6364.8398.0419.2441.1447.3483.7

503.7520.1560.3590.5632.4684.9749.9793.9864.2930.3

976.41,050.41,152.1

Less:Capital

con-sump-tion

allow-ances

7.9

7.0

7.3

7.58.29.8

10.311.011.39.9

12.214.516.6

18.321.223.225.728.231.534.137.138.941.4

43.445.250.052.656.159.863.968.974.581.6

86.393.8

103.7

Equals:Net

nationalproduct

95.2

48.6

83.2

92.2116.3148.1181.3199.1200.7198.6219.1243.1239.9

266.4307.2322.3338.9336.6366.5385.2404.0408.4442.3

460.3474.9510.4537.9576.3625.1685.9725.0789.7848.7

890.1956.6

1,048.4

Plus:Subsidies

lesscurrentsurplus

of govern-mententer-prises

- 0 . 1

.0

.5

.4

.1

\l.7.8.9

- . 2- . 1- . 1

.2

.2- . 1- . 4- . 2- . 1

.8

.9

.9

.1

.21.41.4.8

1.31.32.31.4.7

1.0

1.5.9

1.7

Indirectbusinesstax andnontaxliability

7.0

7.1

9.4

10.011.311.812.714.115.517.118.420.121.3

23.325.227.629.629.432.134.937.338.541.5

45.247.751.554.758.462.565.770.478.685.9

93.4101.9110.1

Less:

Businesstransfer

payments

0.6

.7

.5

.4

.5

.5

.5

.5

.5

.5

.6

.7

.8

.8

.91.01.21.11.21.41.51.61.7

1.92.02.12.32.52.73.03.13.43.8

4.24.64.9

Statisticaldiscrep-

ancy

0.7

.6

1.3

1.0.4

- 1 . 1- 2 . 0

2.53.9.1.9

- 2 . 0.3

1.53.32.23.02.72.1

- 1 . 1.0

1.6- . 8

- 1 . 0- . 8

.5- . 3

- 1 . 3- 3 . 1- 1 . 0- . 7

- 2 . 7- 6 . 1

- 4 . 7- 4 . 8

.1

Equals:Nationalincome

1929..

1933..

1939..

1940..1941..1942..1943..1944..1945..1946..1947..1948..1949..

1950..1951..1952..1953..1954..1955._1956..1957..1958..1959..

I960..1961..1962..1963..1964..1965..1966..1967..1968..1969..

1970 . .1 9 7 1 . .1972 P.

1970: L_II.IIIIV.

1 9 7 1 : 1 . .II .IIIIV

1 9 7 2 : 1 . .ILIIIIV


958.0971.7986.3989.7

,023.4,043.0,056.9,078.1

,109.1,139.4,164.0,195.8

85.185.886.687.9

90.292.495.097.4

99.7105.3104.1105.6

1,1,1,1,

872.9885.9899.7901.8

933.2950.6961.9980.7

009.3034.1059.9090.2

1.31.71.61.4

1.7.8.3.7

1.21.61.82.1

90.692.694.895.7

99.2100.3102.6105.6

106.7108.7111.4113.5

4.14.24.34.4

4.54.64.74.7

4.84.95.05.0

- 7 . 9- 5 . 9- 4 . 0- 1 . 0

- 3 . 3- 4 . 9- 5 . 9- 5 . 2

- 4 . 1- . 12.3

86.8

40.3

72.6

81.1104.2137.1170.3182.6181.5181.9199.0224.2217.5

241.1278.0291.4304.7303.1331.0350.8366.1367.8400.0

414.5427.3457.7481.9518.1564.3620.6653.6711.1766.0

798.6855.7934.9

787.5796.7806.3804.1

834.5851.4860.8876.2

903.1922.1943.0



TABLE C-15.—National income by type of income, 1929-72


Year orquarter

Totalna-

tionalin-

come1

Compensation ofemployees

Total

51.1

29.5

48.1

52.164.885.3

109.5121.2123.1117.9128.9141.1141.0

154.6180.7195.3209.1208.0224.5243.1256.0257.8279.1

294.2302.6323.6341.0365.7393.8435.5467.2514.6566.0

603.8644.1705.2

Wagesandsala-ries

50.4

29.0

45.9

49.862.182.1

105.8116.7117.5112.0123.0135.4134.5

146.8171.1185.1198.3196.5211.3227.8238.7239.9258.2

270.8278.1296.1311.1333.7358.9394.5423.1464.9509.7

541.9573.5626.4

Sup-ple-

mentsto

wagesandsala-ries2

Business and pro-fessional income

Total

9.0

3.3

7.4

8.611.114.017.018.219.221.620.322.722.6

24.026.127.127.527.630.331.332.833.235.1

34.235.637.137.940.242.445.247.349.550.5

49.952.655.6

In-come

nfOT

unin-corpo-ratedenter-prises

8.8

3.9

7.6

8.611.714.417.118.319.323.321.823.122.2

25.126.526.927.627.630.531.833.133.235.3

34.335.637.137.940.342.845.647.650.351.2

50.753.456.8

Inven-tory

valu-ation

adjust-ment

In-come

offarmpro-prie-tors 3

Rentalin-

comeof

per-sons

Corporate profitsand inventory

valuationadjustment

Total

10.5

- 1 . 2

6.3

9.815.220.324.423.819.219.325.633.030.8

37.742.739.939.638.046.946.145.641.151.7

49.950.355.758.966.376.182.478.784.379.8

69.978.687.7

Corpo-rate

profitsbeforetaxes *

10.0

1.0

7.0

10.017.721.525.124.119.724.631.535.228.9

42.643.938.940.638.348.648.847.241.452.1

49.750.355.459.466.877.884.279.887.684.9

74.383.393.7

Inven-toryvalu-ation

adjust-ment

1929

1933

1939. . . . . .

19401941...1942...1943...1944...1945...1946...1947...1948...1949...

1950..1951..1952..1953..1954..1955..1956..1957..1958..1959..

1960..1961196219631964..1965..1966..1967..1968..1969..

1970..1971..1972 P

1970: L -II...III..IV..

1971: I...II...M L .IV..

1972: I...II..III-IV

86.8

40.3

72.6

81.1104.2137.1170.3182.6181.5181.9199.0224.2217.5

241.1278.0291.4304.7303.1331.0350.8366.1367.8400.0

414.5427.3457.7481.9518.1564.3620.6653.6711.1766.0

798.6855.7934.9

0.7

.5

2.2

2.32.73.23.84.55.65.95.95.86.5

7.89.6

10.210.911.513.215.217.317.920.9

23.424.627.529.932.035.041.044.249.756.3

61.970.778.7

0.1

- . 5

- . 2

.0- . 6- . 4- . 2- . 1

-\J- 1 . 5- . 4

.5

- 1 . 1- . 3

.2- . 2

.0- . 2

-.3- . 1- . 1

.0

.0

.0

.0- . 1- . 4- . 4- . 3- . 7- . 8

-.*8-1.2

6.2

2.6

4.4

4.56.49.8

11.711.612.214.915.217.512.7

13.515.815.013.012.411.411.411.313.411.4

12.012.813.013.112.114.816.114.814.716.7

16.917.319.6

5.4

2.0

2.7

2.93.54.55.15.45.66.67.18.08.4

9.410.311.512.713.613.914.314.815.415.6

15.816.016.717.118.019.020.021.121.222.6

23.324.525.6

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

. 2

.3

- . '5-1 .7- 1 . 8- 1 . 1- 3 . 3- 5 . 1

-4.4-4.7-6.0


787.5796.7806.3804.1

834.5851.4860.8876.2

903.1922.1943.0

594.3600.7609.0611.2

628.6639.6648.0660.4

682.7697.8710.2730.0

534.9539.5546.1547.2

560.4569.6576.5587.3

606.6620.0630.6648.5

59.561.262.863.9

68.270.071.573.0

76.177.879.681.5

49.750.050.149.9

51.352.453.153.8

54.354.456.257.4

18.017.116.515.9

16.816.917.618.1

19.118.719.121.6

23.023.223.423.8

23.924.424.825.0

25.224.226.226.9

69.371.572.066.9

76.680.178.379.4

81.886.189.6

75.875.276.669.6

81.384.584.183.2

88.291.695.7

- 6 . 4- 3 . 7- 4 . 6- 2 . 8

-4 .7- 4 . 4- 5 . 8- 3 . 9

- 6 . 5- 5 . 5- 6 . 1- 5 . 9

» National income is the total net income earned in production. It differs from gross national product mainly in that i texcludes depreciation charges and other allowances for business and institutional consumption of durable capital goods,and indirect business taxes. See Table C-14.

* Employer contributions for social insurance and to private pension, health, and welfare funds; compensation forinjuries; directors' fees; pay of the military reserve; and a few other minor items.

3 Includes change in inventories.* See Table C-73 for corporate tax liability and profits after taxes.



TABLE C-16.—Relation of national income and personal income, 1929-72


Year or quarter Nationalincome

Less:

Corpo-rate

profitsand in-ventory

valuationadjust-ment

Contri-butions

forsocialinsur-ance

Wageaccruals

lessdis-

burse-ments

Plus:

Gov-ernmenttransfer

paymentsto per-

sons

Interestpaidby

govern-ment(net)

and bycon-

sumers

Divi-dends

Busi-ness

transferpay-

ments

Equals:

Personalincome

1929..

1933..

1939..

1940..1941..1942..1943..1944..1945..1946..1947..1948..1949..

1950..1951..1952..1953..1954..1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964..1965..1966-1967..1968..1969-

1970..1971..1972 P.

1970:I...II..III.IV.

1 9 7 1 : 1 . . .I I -III.IV.

1 9 7 2 : 1 . - .I I . .I l l -

40.3

72.6

81.1104.2137.1170.3182.6181.5181.9199.0224.2217.5

241.1278.0291.4304.7303.1331.0350.8366.1367.8400.0

414.5427.3457.7481.9518.1564.3620 6653.6711.1766.0

798.6855.7934.9

10.5

- 1 . 2

6.3

9.815.220.324.423.819.219.325.633.030.8

37.742.739.939.638.046.946.145.641.151.7

49.950.355.758.966.376.182.478.784.379.8

69.978.687.7

0.2

.3

2.1

2.32.83.54.55.26.16.05.75.25.7

6.98.28.78.89.8

11.112.614.514.817.6

20.721.424.026.927.929.638.042.447.154.2

57.765.373.9

0.0 0.9

1.5

2.5

2.72.62.62.53.15.6

10.811.110.511.6

14.311.512.012.814.916.117.119.924.124.9

26.630.431.233.034.237.241.148.756.161.9

75.289.099.1

2.5

1.6

1.9

2.12.22.22.63.34.25.25.56.16.5

7.27.68.19.09.5

10.111.212.012.113.6

15.115.016.117.619.120.522.223.626.128.7

31.031.131.6

5.8

2.0

3.8

4.04.44.34.44.64.65.66.37.07.2

8.88.68.68.99.3

10.511.311.711.612.6

13.413.815.216.517.819.820.821.423.624.3

24.825.426.4


0.6

.7

.5

. 4

.5

.5

'.5.5

!6

.91.01.21.11.21.41.51.61.7

1.92.02.12.32.52.73.03.13.43.8

4.24.64.9

787.5796.7806.3804.1

834.5851.4860.8876.2

903.1922.1943.0

69.371.572.066.9

76.680.178.379.4

81.886.189.6

56.357.558.558.6

64.064.865.766.9

71.973.174.676.2

2.5- 2 . 1- . 4

.0

.0

.2

.61.4

- 1 . 4- . 5- . 2

.0

67.076.776.680.6

82.890.790.392.1

94.495.797.7

108.4

30.430.731.431.5

31.331.031.130.9

30.931.831.732.0

24.824.724.924.7

25.525.425.525.2

26.026.226.526.7

4.14.24.34.4

4.54.64.74.7

4.84.95.05.0

85.9

47.0

72.8

78.396.0

122.9151.3165.3171.1178.7191.3210.2207.2

227.6255.6272.5288.2290.1310.9333.0351.1361.2383.5

401.0416.8442.6465.5497.5538.9587.2629 3688.9750.9

806.3861.4935.8

785.7806.1813.4819.8

838.0858.1867.9881.5

907.0922.1939.9974.3



TABLE CM 7.—Disposition of personal income, 1929-72

Year orquarter

Per-sonal

income

Less:Per-

sonaltaxand

nontaxpay-

ments

Equals:Dispos-

ableper-sonal

income

Less: Personal outlays

Total

Per-sonalcon-

sump-tion

expend-itures

Interestpaid by

con-sumers

Per-sonal

transferpay-

mentsto for-eigners

Equals:Per-

sonalsaving

Percent of disposablepersonal income

Personaloutlays

Total

Con-sump-

tionexpend-

itures

Per-sonalsaving

Billions of dollars Percent

1929

1933

1939

19401941...1942 ::1943 ..1944...1945 :.19461947...1948 "1949195019511952...1953 V.19541955—1956.1957.......19581959

I960—196119621963—19641965.196619671968.1969

197019711972*

1970: L___IIIII...IV...

1 9 7 1 : I....II111 —IV...

19 7 2 : I....II —III —IV p..

85.9

47.0

72.8

78.396.0

122.9151.3165.3171.1178.7191.3210.2207.2

227.6255.6272.5288.2290.1310.9333.0351.1361.2383.5

401.0416.8442.6465.5497.5538.9587.2629.3688.9750.9

806.3861.4935.8

2.6

1.5

2.4

2.63.36.0

17.818.920.918.721.421.118.6

20.729.034.135.632.735.539.842.642.346.2

50.952.457.460.959.465.775.483.097.9

116.5

116.7117.0140.7

83.3

45.5

70.3

75.792.7

116.9133.5146.3150.2160.0169.8189.1188.6

206.9226.6238.3252.6257.4275.3293.2308.5318.8337.3

350.0364.4385.3404.6438.1473.2511.9546.3591.0634.4

689.5744.4795.1

79.1

46.5

67.7

71.881.789.3

100.1109.1120.7144.8162.5175.8179.2

193.9209.3220.2234.3241.0259.5272.6287.8296.6318.3

333.0343.3363.7384.7411.9444.8479.3506.0551.2596.2

634.7683.4740.4

77.2

45.8

66.8

70.880.688.599.3

108.3119.7143.4160.7173.6176.8

191.0206.3216.7230.0236.5254.4266.7281.4290.1311.2

325.2335.2355.1375.0401.2432.8466.3492.1536.2579.5

616.8664.9721.1

1.5

.5

.7

.8

.9

.7

.5

.5

.5

.81.11.51.9

2.42.73.03.84.04.75.45.85.96.5

7.37.68.19.1

10.111.312.413.214.315.8

16.917.618.2

0.3

.2

.2

.2

.2

.1

.2

.4

.5

.7

.7

.7

.5

.5

.4

.4

.5

.5

.5

.6

.6

.6

.6

.5

.5

.5

.6

.6

.7

.6

.7

.8

.9

1.01.01.1

4.2

-.9

2.6

3.811.027.633.437.329.615.27.313.49.4

13.117.318.118.316.415.820.620.722.319.1

17.021.221.619.926.228.432.540.439.838.2

54.960.954.8

95.0

102.0

96.3

94.988.276.475.074.580.390.595.792.995.0

93.792.492.492.893.694.393.093.393.094.4

95.194.294.495.194.094.093.692.693.394.0

92.091.893.1

92.7

100.6

95.0

93.686.975.774.474.079.789.694.691.893.8

92.391.090.991.191.992.491.091.291.092.3

92.992.092.292.791.691.591.190.190.791.3

89.489.390.7

5.0

-2.0

3.7

5.111.823.625.025.519.79.54.37.15.0

6.37.67.67.26.45.77.06.77.05.6

4.95.85.64.96.06.06.47.46.76.0

8.08.26.9

Seasonally adjusted annual rates Seasonally adjusted

785.7806.1813.4819.8

838.0858.1867.9881.5

907.0922.1939.9974.3

117.8119.0114.3115.8

112.3115.2117.5123.0

136.5139.5141.1145.9

667.9687.2699.1704.0

725.7742.9750.4758.5

770.5782.6798.8828.4

621.6631.2641.1644.8

666.4678.8689.4699.2

714.9732.5748.0766.0

604.1613.4623.0626.5

648.0660.4670.7680.5

696.1713.4728.6746.2

16.516.817.117.3

17.417.517.617.7

17.818.018.218.6

1.01.01.01.0

.9

.91.11.1

1.01.11.21.2

46.355.958.059.2

59.364.161.059.3

55.750.150.862.4

93.191.991.791.6

91.891.491.992.2

92.893.693.692.5

90.489.389.189.0

89.388.989.489.7

90.391.291.290.1

6.98.18.38.4

8.28.68.17.8

7.26.46.47.5



TABLE C—18.—Total and per capita disposable personal income and personal consumptionexpenditures in current and 1958 dollars, 1929-72

Year or quarter

1929

1933

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

I96019611962196319641965196619671968.1969.

1970.1971.1972

1 9 7 0 : I .IIIIIIV

1 9 7 1 : I .I I .IIIIV

1 9 7 2 : I .I I .I l lIV

Disposable personal income

Total (billionsof dollars)

Currentdollars

83.3

45.5

70.3

1958dollars

667.9687.2699.1704.0

725.7742.9750.4758.5

770.5782.6798.8828.4

150.6

112.2

155.9

75.792.7

116.9133.5146.3150.2160.0169.8189.1188.6

206.9226.6238.3252.6257.4275.3293.2308.5318.8337.3

350.0364.4385.3404.6438.1473.2511.9546.3591.0634.4

689.5744.4795.1

166.3190.3213.4222.8231.6229.7227.0218.0229.8230.8

249.6255.7263.3275.4278.3296.7309.3315.8318.8333.0

340.2350.7367.3381.3407.9435.0458.9477.5499.0513.6

533.2554.7578.7

Per capita(dollars)

Currentdollars

683

362

537

573695867976

1,0571,0741,1321,1781,2901,264

1,3641,4691,5181,5831,5851,6661,7431,8011,8311,905

1,9371,9842,0652,1382,2832,4362,6042,7492,9453,130

3,3663,5953,807

1958dollars

1,236

893

1,190

1,2591,4271,5821,629',673,642,606,513,567,547

,646,657,678,726,714,795,839,844,831,881

1,8831,9091,9692,0152,1262,2392,3352,4032,4862,534

2,6032,6792,771

Personal consumption expenditures

Total (billionsof dollars)

Currentdollars

77.2

45.8

66.8

70.880.688.599.3

108.3119.7143.4160.7173.6176.8

191.0206.3216.7230.0236.5254.4266.7281.4290.1311.2

325.2335.2355.1375.0401.2432.8466.3492.1536.2579.5

616.8664.9721.1

1958dollars

139.6

112.8

148.2

155.7165.4161.4165.8171.4183.0203.5206.3210.8216.5

230.5232.8239.4250.8255.7274.2281.4288.2290.1307.3

316.1322.5338.4353.3373.7397.7418.1430.1452.7469.1

477.0495.4524.8

Per capita(dollars)

Currentdollars


634

364

510

536604656726782855,014,115,184,185

,259,337,381,441,456,539,585,643,666,758

,800,825,903

1,9812,0912,2282,3722,4762,6712,859

3,0103,2113,453

1958dollars

524.2534.2538.9535.4

546.6554.6556.5560.9

565.7571.4579.6597.9

3,2733,3593,4073,421

3,5173,5923,6203,649

3,7003,7513,8213,954

2,5692,6112,6262,602

2,6502,6822,6842,698

2,7162,7392,7732,854

604.1613.4623.0626.5

648.0660.4670.7680.5

696.1713.4728.6746.2

474.1476.9480.2476.5

488.2493.0497.4503.2

511.0520.9528.7538.6

2,9602,9983,0363,044

3,1413,1933,2353,274

3,3423,4203,4853,562

1,145

897

1,131

1,1781,2401,1971,2131,238',308,439,431,438,451

,520,509,525,572,575,659

1,6731,6831,6661,735

1,7491,7561,8141,8671,9482,0472,1272,1642,2562,315

2,3282,3932,513

2,3232,3312,3412,316

2,3662,3842,3992,421

2,4542,4972,5292,571

Popu-lation(thou-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, 221171,274174,141177,073

180,671183,691186,538189, 242191,889194,303196,560198,712200, 706202,677

204,879207,049208,837

204,082204,600205,186205,795

206,310206,806207,312207,856

208,255208,628209,053209, 509

i Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1960. Annualdata are for July 1; quarterly data are for middle of period, interpolated from monthly data.

Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).


TABLE O 1 9 . — Sources of personal income, 1929-72


Year or quarter

Totalper-sonal

income

Wage and salary disbursements*

Total

Commodity-producingindustries

TotalManu-factur-

ing

Distrib-utive

indus-tries

Serviceindus-tries

Gov-ern-ment

Otherlabor

in-come i

Proprietors'income

Busi-nessand

profes-sional

1929..

1933..

1939..

1940..1941..1942..1943..1944..1945..1946..1947..1948..1949-

1950..1951..1952..1953..1954..1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964..1965..1966..1967..1968..1969..

1970..1971..1972*

1970: I—.II...III..IV..

1971: I . . .II...III..IV..

1972: I. . . .II...III..IV p.

85.9

47.0

72.8

78.396.0

122.9151.3165.3171.1178.7191.3210.2207.2

227.6255.6272.5288.2290.1310.9333.0351.1361.2383.5

401.0416.8442.6465.5497.5538.9587.2629.3688.9750.9

806.3861.4935.8

50.4

29.0

45.9

49.862.182 1

105.6116.9117.5112.0123.0135.3134.6

146.7171.0185.1198.3196.5211.3227.8238.7239.9258.2

270.8278.1296.1311.1333.7358.9394.5423.1464.9509.7

541.9572.9627.0

21.5

9.8

17.4

19.727.539.148.950.345.846.054.361.057.7

64.676.181.889.485.492.8

100.2103.899.7

109.1

112.5112.8120.8125.7134.1144.5159.3166.5181.5197.5

201.0206.1224.6

16.1

7.8

13.6

15.621.730.940.942.938.236.542.547.244.7

50.359.464.271.267.673.979.582.578.786.9

89.789.896.7

100.6107.2115.6128.1134.2145.9157.6

158.3160.3175.9

15.6

8.8

13.3

14.216.318.020.122.724.831.035.237.637.7

39.944.346.949.850.253.457.760.560.864.8

68.169.172.576.081.286.993.8

100.3109.2120.0

129.2138.2151.5

8.4

5.2

7.1

7.58.19.09.9

10.912.014.416.117.918.6

19.921.723.325.126.428.931.633.935.938.7

41.544.046.849.954.158.363.770.578.588.1

96.7105.0116.1

4.9

5.1

8.2

8.410.216.026.633.034.920.717.418.920.6

22.428.933.134.134.636.238.340.443.545.6

48.752.256.059.564.369.377.785.895.7

104.1

115.1123.5134.8

0.6

.4

.6

.7

.7

.91.11.51.81.92.32.73.0

3.84.85.36.06.37.38.49.59.9

11.3

12.012.713.914.916.618.720.722.325.428.4

32.136.540.3


9.0

3.3

7.4

8.611.114.017.018.219.221.620.322.722.6

24.026.127.127.527.630.331.332.833.235.1

34.235.637.137.940.242.445.247.349.550.5

49.952.655.6

785.7806.1813.4819.8

838.0858.1867.9881.5

907.0922.1939.9974.3

532.4541.6546.5547.2

560.4569.5575.9585.9

608.0620.5630.8648.5

201.8201.3202.2198.6

202.9205.7206.0209.9

217.5222.6225.1233.3

159.6159.2159.6154.9

158.5160.2160.0162.7

168.8174.1176.6183.9

126.3127.9130.6131.8

134.8137.2139.1141.7

147.2150.1152.4156.3

94.495.997.299.3

101.6103.9106.3108.4

111.9114.7117.5120.1

109.9116.5116.5117.6

121.1122.7124.6125.9

131.4133.1135.8138.8

30.731.532.633.7

34.836.137.238.0

38.839.840.841.8

49.750.050.149.9

51.352.453.153.8

54.354.456.257.4



TABLE O19.—Sources of personal income, 1929-72—Continued


Year orquarter

1929

1933

1939

1940194119421943194419451946..194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

197019711972*

1970: III .I I I . . .IV. . . .

1971: II I . . . .I I I . . .IV....

1972: ! . . ._

Rentalincomeof per-sons

5.4

2.0

2.7

2.93.54.55.15.45.66.67.18.08.4

9.410.311.512.713.613.914.314.815.415.6

15.816.016.717.118.019.020.021.121.222.6

23.324.525.6

Divi-dends

5.8

2.0

3.8

4.04.44.34.44.64.65.66.37.07.2

8.88.68.68.99.3

10.511.311.711.612.6

13.413.815.216.517.819.820.821.423.624.3

24.825.426.4

Personalinterestincome

7.2

5.7

5.5

5.45.55.35.35.66.36.87.57.98.5

9.29.9

10.611.813.114.215.717.618.920.7

23.425.027.731.434.938.743.648.052.959.3

65.869.672.9

Transfer payments

Total

1.5

2.1

3.0

3.13.13.13.03.66.2

11.311.711.212.4

15.112.513.014.016.017.318.521.425.726.6

28.532.433.335.336.739.944.151.859.665.8

79.593.6

104.0

Old age,survivors,disability,and healthinsurancebenefits

0.0

.0

.1

.1

.2

.2

.3

.4

.5

.6

.7

1.01.92.23.03.64.95.77.38.5

10.2

11.112.614.315.216.018.120.825.730.333.0

38.544.550.2

Stateunem-ploy-

ment in-surancebenefits

0.4

.5

.3

.3

.1

.1

.41.1

1.7

1.4.8

1.01.02.01.41.41.83.92.5

2.84.02.92.82.62.21.82.12.12.1

3.95.75.4

Vet-erans

benefits

0.6

.5

.5

.5

!5.5.9

2.86.76.75.85.1

4.93.93.93.73.94.34.34.44.64.6

4.64.84.85.05.35.65.76.67.38.3

9.711.312.7

Other

0.9

1.6

2.0

2.02.22.22.22.42.73.13.74.14.9

7.95.96.06.36.56.87.27.98.79.4

10.010.911.212.212.914.015.717.520.022.4

27.432.235.7

Less:Personalcontri-butions

for socialinsur-ance


0.1

.2

.6

."81.21.82.22.32.02.12.22.2

2.93.43.84.04.65.25.86.76.97.9

9.39.6

10.311.812.513.417.720.522.826.3

28.031.235.5

Non-agricul-

turalpersonalincome 3

23.023.223.423.8

23.924.424.825.0

25.224.226.226.9

24.824.724.924.7

25.525.425.525.2

26.026.226.526.7

63.564.966.868.0

68.669.170.270.6

71.072.773.474.5

71.180.980.985.0

87.395.295.096.8

99.2100.6102.7113.5

34.241.439.039.4

40.446.745.045.7

46.848.148.857.2

2.73.64.25.1

5.05.75.96.2

5.45.65.85.0

9.19.49.8

10.5

11.011.211.311.6

11.912.312.514.0

25.226.528.029.9

30.931.632.833.3

35.134.635.637.3

27.427.828.328.4

30.531.031.331.9

34.635.135.836.5

77.6

43.2

66.9

72.387.8

111.0137.3151.2156.4161.0173.0189.4191.3

210.9236.4254.1271.9274.7296.4318.5336.6344.3368.5

385.2400.0425.5448.1480.9519.5566.3609.4668.8728.3

782.8837.2909.2

761.4782.4790.3797.2

814.4834.4843.6856.5

881.0896.4913.9945.8

* The total of wage and salary disbursements and other labor income differs from compensation of employees in TableC—15 in that it excludes employer contributions for social insurance and the excess of wage accruals over wage disburse-ments.

2 Includes change in inventories.3 Nonagricultural income is personal income exclusive of net income of unincorporated farm enterprises, farm wages,

agricultural net interest, and net dividends paid by agricultural corporations.



TABLE C-20.—Sources and uses of gross saving, 1929-72


Year orquarter

1929

1933

1939

194019411942.1943194419451946 . . . .194719481949

19501951195219531954 . . .195519561957 . . . .19581959

1960196119621963 . - -196419651966...19671968 . .1969

197019711972 v

1970:1III I I . . . .IV

1971:1IIIII.-.-IV. . . .

1972:1III I I . . . .IV p

Gross private saving and government surplus or deficit,national income and product accounts

Total

16.3

.9

8.8

13.618.610 75.52.55.2

35.142.049.935.9

50 456.149.547 548.564.872.771.259.273.8

77.575 585.090.5

101.0115.3124.9119.5128.3144.0

142.1153.9172.2

Private saving

Total

15.3

2.3

11.0

14.322.442.049.754.344.729.727.541.439.0

42 550.353.354 455 662.167.870.571.775.9

73.979 887.988.7

102.4113.1123.8133.4135.2135.2

152.2170.8178.4

Per-sona)

saving

4.2

— Q

2.6

3.811.027 633.437.329.615.27.3

13.49.4

13 117.318.118 316.415.820.620.722.319.1

17.021 221 619.926.228.432.540.439.838.2

54.960.954.8

Grossbusi-ness

saving

11.2

3.2

8.4

10.511.414 516.317.115.114.520.228.029.7

29 433.135.136 139.246.347.349.849.456.8

56.858 766.368.876.284.791.393.095.497.0

97.3109.9123.8

Government surplusor deficit ( - )

Total

1.0

- 1 . 4

- 2 . 2

- . 7- 3 . 8

-31 4-44.1-51.8-39.5

5.414.48.5

- 3 . 2

7 95.8

- 3 . 8- 6 9-7 .0

2.74.9.7

-12.5- 2 . 1

3.7- 4 3- 2 9

1.8- 1 . 4

2.21.1

-13.9- 6 . 8

8.8

-10.1-16.9-6 .2

Fed-eral

1.2

- 1 . 3

- 2 . 2

- 1 . 3- 5 . 1

-33.1-46.6-54.5-42.1

3.513.48.4

- 2 . 4

9.16.2

- 3 . 8- 7 0- 5 . 9

4.05.72.1

-10.2-1 .2

3.5- 3 8- 3 . 8

.7- 3 . 0

1.2- . 2

-12.4- 6 . 5

8.1

-12.9-21.7-18.5

Stateandlocal

- 0 . 2

- . 1

(3)

.61.31.82.52.72.61.91.0.1

- . 7

- 1 . 2

- 1 . 1- 1 . 3- . 9

- 1 . 4- 2 . 3- . 8

.2- . 5

.91.21.71.01.3

-1 .6—.3

.7

2.84.8

12.3

Capitalgrants

receivedby theUnitedStates i

0.9.7.7

Gross investment

Total

17.0

1.6

10.2

14.619.09.63.55.09.1

35.242.947.936.2

51.859.551.650 551.366.971.671.260.773.0

76.574.785.590.399.7

112.2123.9118.8125.6137.9

138.3149.8173.0

Grossprivatedomes-tic in-vest-ment

16.2

1.4

9.3

13.117.99.85.77.1

10.630.634.046.035.7

54 159.351.952.651.767.470.067.960.975.3

74.871.783.087.194.0

108.1121.4116.6126.0139.0

137.1152.0180.2

Netforeigninvest-ments

0.8

.2

.9

1.51.1

—.2-2 .2- 2 . 1- 1 . 4

4.68.91.9.5

-2 .2.2

—.3- 2 . 1- . 5

1.53.4

- . 2- 2 . 3

1.73.02.53.15.74.12.42.2

- . 4-1 .0

1.2- 2 . 1- 7 . 1

Statis-ticaldis-crep-ancy

0.7

.6

1.3

1.0.4

—1 1-2 .0

2.53.9

.9- 2 . 0

.3

1 53.32.23.02.72.1

- 1 . 1.0

1.6- . 8

- 1 . 0- . 8

.5—.3

- 1 . 3- 3 . 1—1.0

- . 7-2 .7- 6 . 1

-4 .7- 4 . 8

.1


141.3144.3144.5138.2

148.5154.8154.6157.8

163.9168.0173.6

141.5153.9156.3157.0

162.5172.8171.5176.5

171.6174.9176.0

46.355.958.059.2

59.364.161.059.3

55.750.150.862.4

95.397.998.397.9

103.2108.6110.5117.2

115.9124.8125.1

- 0 . 2-9 .6

-11.8-18.8

-14.0-18.0-16.9-18.7

-7 .7-6 .9-2 .4

- 3 . 8-13.4-14.7-19.7

-16.0-23.0-23.1-24.7

-14.8-21.6-11.8

3.63.82.9.9

2.05.06.26.0

7.114.89.4

0.9.9.9.9

.7

.7

.7

.7

.7

.7

.7

.7

134.3139.3141.4138.1

146.0150.5149.5153.4

160.5168.7176.7190.5

132.9137.7139.9137.8

143.9153.0152.2158.8

168.1177.0183.2192.4

1.41.61.5.3

2.1- 2 . 5-2 .7-5 .4

—7.7- 8 . 3-6 .5-6 .1

-7 .9-5 .9-4 .0-1 .0

- 3 . 3-4 .9-5 .9-5 .2

- 4 . 1- . 12.3

1 Allocations of special drawing rights (SDR).2 Net exports of goods and services less net transfers to foreigners.3 Surplus of $32 million.* Deficit of $41 million.



TABLE C-2\.—Saving by individuals, 1946-72l

[Billions of dollars}

Year orquarter

194619471948..1949. . . .

19501951..1952. . .19531954

1955 .1956. . .195719581959

19601961196219631964

19651966196719681969

19701971

1970: L . . .I I . . .III..IV...

1971: 1 . . . .I I . . .ML.IV...

1972: !____I I . . .III. .

Total

26.020.923.118.8

26.929.426.730.327.6

33.935.733.733.033.6

29.633.136.039.947.0

53.862.461.966.359.6

82.983.1

Increase in financial assets

Total 2

19.213.28.89.8

13.718.121.922.422.2

28.229.728.331.735.4

28.936.538.045.953.1

57.260.765.872.462.6

87.196.3

Cur-rencyandde-

mandde-

posits

5.6.1

- 2 . 9- 2 . 1

2.64.41.6.9

2.0

1.11.7

- . 64.0.6

- . 32.71.03.44.7

8.02.6

11.212.83.6

6.38.6

Sav-ingsac-

counts

6.33.42.32.7

2.54.97.88.39.3

8.89.6

12.114.111.3

11.416.525.724.627.4

28.020.534.830.46.1

44.573.5

Securities

Gov-ern-mentsecu-rities 3

- 1 . 21.61.31.7

.0- . 71.42.2.5

5.93.62.1

- 2 . 18.5

3.6.9

- . 75.54.0

3.412.1

- 2 . 54.3

19.7

- 2 . 4-17.7

Corpo-rateandfor-eign

bonds

—0.9- . 8- . 2- . 4

- . 8

-A.0

- . 4

1.1.9

1.01.1.3

.2

.3- . 6- . 3- . 1

.71.94.84.85.7

12.47.6

Corpo-rate

stock*

1.11.11.0.8

.71.61.6.9.7

1.11.91.51.5.6

- . 4.4

- 2 . 0- 2 . 7- . 1

- 1 . 9- 1 . 0- 4 . 2- 7 . 6- 4 . 1

- 2 . 6- 5 . 2

Insur-anceandpen-sionre-

serves(«)

5.35.45.35.5

6.96.27.77.97.9

8.49.69.5

10.011.4

11.612.212.813.915.2

17.119.019.419.920.7

24.726.9

Net investment in

Non-farm

homes

4.26.9

10.59.0

13.713.512.813.513.7

17.716.413.812.716.5

14.512.012.812.612.5

12.011.59.2

12.813.3

10.616.5

Con-sumer

du-rables

5.87.57.17.0

10.25.53.66.44.9

9.95.94.9.6

5.5

5.12.96.78.9

11.2

14.815.212.416.716.2

9.916.2

Non-cor-po-ratebusi-ness

assets

3.33.37.42.5

6.44.62.51.62.5

3.51.92.33.33.2

2.23.25.66.96.2

9.07.28.27.89.0

8.213.8

Less

Mort-gagedebton

non-farm

homes

3.84.35.04.1

7.47.16.47.78.6

12.211.28.88.8

12.6

10.810.912.714.816.0

15.212.310.514.916.2

12.524.5

Increase indebt

Con-sumercredit

2.73.22.82.9

4.11.24.83.91.1

6.43.52.6.2

6.4

4.61.85.87.98.5

10.07.24.6

11.19.3

4.310.4

Otherdebts

0.02.52.92.6

5.64.02.82.16.0

6.83.44.26.27.9

5.78.78.5

11.811.4

13,912.618.617.416.1

15.924.8


67.091.794.179.2

88.585.176.581.7

81.996.994.2

64.589.9

106.788.5

87.999.090.6

106.1

103.0126.1124.8

7.73.38.95.3

15.18.6

- 1 . 411.1

12.5- 2 . 0

7.8

0.847.070.360.2

100.965.157.370.6

92.173.183.8

13.72.1

- 4 . 5-21.0

-52 .2- 8 . 6- 5 . 9- 4 . 6

-18.512.46.4

10.27.3

16.615.5

11.27.09.03.1

4.12.9.0

- 8 . 02.21.2

- 5 . 7

-14.9- . 7

.0- 5 . 3

- 8 . 8.8

- 7 . 3

22.226.523.726.4

27.928.223.727.8

18.233.526.6

11.210.39.2

11.6

12.916.017.319.7

20.121.523.6

11.911.911.24.4

15.015.518.016.2

19.320.423.1

8.18.88.57.5

13.313.714.913.5

16.115.215.8

11.612.013.612.9

13.923.429.131.7

27.537.041.8

4.86.26.4.4

4.09.0

12.614.5

13.917.518.6

12.311.021.719.6

22.726.622.627.6

35.131.632.8

i Saving by households, personal trust funds, nonprofit institutions, farms, and other noncorporate business.3 Includes commercial paper and miscellaneous financial assets, not shown separately.3 Consists of U.S. savings bonds, other U.S. Treasury securities, U.S. Government agency securities, and State and local

obligations.* Includes investment company shares.* Private life insurance reserves, private insured and noninsured pension reserves, and government insurance and

pension reserves.* Security credit, policy loans, noncorporate business mortgage debt, and other debt.

Source: Board of Governors of the Federal Reserve System.


TABLE C-22.—,•Number and money income {in 1971 dollars) of families andby race of head, 1947-71

unrelated individuals

Year

FAMILIES^

19471948.1949

1950...195119521953195419551956195719581959

1960.. .196119621963.. .196419651966.. . .

1966« . .1967 >1968 > . .1969*

1970*.19711

UNRELATEDINDIVIDUALS 3

194719481949

195019511952 .19531954 . .195519561957 . .19581959

19601961 . .19621963196419651966

196621967 21968«1969 2

1970219712

Total

Totalnum-ber

(mil-lions)

37.238.639.3

39.940.640.841.242.042.943.543.744.245.1

45.546.347.047.447.848.348.9

49.149 850.551.2

51.953.3

8.28.49.0

9.49.19.79.59.79.99.8

10.410.910.9

11.111.211.011.212.112.112.4

12.313.113.814.5

15.416.3

Medianincome

$5,4835^3675,278

5,5945,7835,9396,4336,2886,6937,1227,1387,1267,524

7,6887,7657,9758,2678,5798,9329,281

9,3609,683

10,04910,423

10,28910,285

$1,8151,7411,839

1 8251,8832,1662 1251,8441,9922,1372,1932,1232,188

2 3652,3782,3492,3822,5972,7712,833

2,9003,2413,250

3,2773,316

With incomesunder $3,000

Num-ber

(mil-lions)

7.98.49.2

8.68.07.77.58.37.66.86.96.96.7

6.66.86.46.15.75.55.1

5.14.74.24.1

4.34.4

Per-cent

21.221.823.3

21.619.718.918.319.817.615.715.815.714.9

14.614.713.612.911.911.310.5

10.39.58.38.1

8.38.3


Num-ber

(mil-lions)

3.63.83.9

4.24.13.84.04.44.13.94.04.24.1

4.03.93.63.63.73.43.3

3.53.23.3

3.33.3

Per-cent

44.245.343.8

44.545.039.541.745.041.840.338.638.837.9

36.135.132.832.530.928.126.9

26.722.922.8

21.720.5

White

Totalnum-ber

(mil-lions)

34.135.3

38.239.039.539.740.240.9

41.141.942.442.743.143.544.0

44.144.845.446.0

46.547.6

7.27.3

8.28.58.58.99.29.3

9.69.69.59.7

10.410.510.8

10.711.312.012.5

13.414.2

Medianincome

$5,7145,5785,491

5,8116,0176 2856,6776,5556 9767,4527 4287,4257,838

7,9828,1098,3538,6648,9569,3119,638

9,72610 04110 40410,822

10,67410,672

$1,9051 8181,945

1 9111,9662 3352 2491 9832,1392,2042 3262,2632,327

2 5452,5572,5142 4972,7382 8872,945

3,0133,4323,409

3,4253,465


Num-ber

(mil-lions)

6.36.7

6.66.05.35.35.45.1

5.15.?5.04.64.44.24.0

3.83.73.23.1

3.33.3

Per-cent

18.419.120.7

19.317.016.416.217.415.313.313.413.412.5

12.512 511.710.810.19.69.0

8.78.27.06.8

7.06.9


Num-ber

(mil-lions)

3.13 2

3.53.43.33.23.43.3

3.23.22.93.03.02.82.8

2.92.62.6

2.72.7

Per-cent

42.943.842.1

43.143.938.141.042.939.939.136.537.135.8

33.833.030.730.529.226.725.5

25.421.621.1

20.118.9

Negro and other races

Totalnum-ber

(mil-lions)

3.13.3

3.83.94.04.04.04.2

4.34.54.64.84.84.84.9

5.05.05.15.2

5.45.7

1.01.1

1.41.41.31.51.61.6

1.51.61.51.51.61.71.6

1.61.81.82.0

1.92.1

Medianincome

$2,9302,9732,808

3,1423,1713,5693,7533,6373,8603,9283 9783,8054,045

4,4164,3214,4564,5965,0125,1605,766

5,8246,2346,5086,847

6,8066,714

$1,3571,3281 394

1,3741,4481,6051 7591,3171,4151,6201,4821,5131,497

1 4791,5671,6771,7181,8862 1012,139

2,2332,3622,410

2,3542,325


Num-ber

(mil-lions)

1.61.7

1.61.51.51.51.61.6

1.51.61.51.51.31.21.1

1.11.11.0.9

1.01.1

Per-cent

51.250.453.2

47.847.340.538.942.939.437.737.739.438.5

34.834.832.330.726.825.823.1

22.721.218.718.0

19.019.4


Num-ber

(mil-lions)

0.5.6

.9

'.6.8.8.8

.8

.8

.7

.7

.6

.6

.6

.6

.6

.6

Per-cent

53.755.253.2

53.351.447.445.257.052.848.650.749.750.1

50.848.545.545.040.636.536.1

34.731.833.7

33.131.8

1 The term "family" refers to a group of two or more persons related by blood, marriage, or adoption and residingtogether; all such persons are considered members of the same family.

2 Based on revised methodojogy.3 The term "unrelated individuals" refers to persons 14 years old and over (other than inmates of institutions) who arenot living with any relatives.

Source: Department of Commerce, Bureau of the Census.


POPULATION, EMPLOYMENT, WAGES, ANDPRODUCTIVITY

TABLE C-23.—Population by age groups, 1929-72

[Thousands of persons]

July 1 Total

Age (years)

Under 5 5-15 16-19 20-24 25-44 45-64 65 andover

1929

1933

1939.

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

197019711972

121,767

125,579

130,880

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

204,879207,049208,837

11,734

10,612

10,418

10,57910,85011,30112, 01612, 524

12, 97913, 24414,40614,91915,607

16,41017,33317,31217, 63818, 05718,56619,00319,49419,88720,175

20,33720. 50420,44820,31620,127

19,78619,17118,52817,88017,339

17,16717,28917,242

26,800

26,897

25,179

24,81124,51624,23124,09323,949

23,90724,10324, 46825, 20925,85226,72127, 27928,89430, 22731, 48032,68233,99435, 27236, 44537, 368

38,49639,75341,18441,64042,313

42,94443,69544,23444,60944,804

44,73044,30443,684

9,127

9,302

9,822

9,8959,8409,7309,6079,561

9,3619,1199,0978,9528,788

8,5428,4468,4148,4608,637

8,7448,9169,1959,54310, 215

10,69411,07211,21512,00412,737

13, 50414,29414, 21214,44914,804

15,25915,60415,923

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

11,12411,45011,95412,70713,256

13,75514,09015,22715, 76616,465

17,19218,16318,219

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

47,14047,08947,00846,99646,965

46,91246,97647,18847,71448,055

48,41348,78150,126

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

36,20036,71437,25137,79438,382

38,99739,61040,25840,89041,454

41,93842,34342,695

6,474

7,363

8,764

9,0319,2889,5849,86710,147

10,49410,82811,18511,53811,921

12,39712,80313, 20313,61714,076

14.52514,93815, 38815,80616, 248

16,67917,10817,47617,78518,108

18,40518,72319,06619,39619,754

20,17720,56720,948

Note.—Includes Armed Forces overseas beginning 1940. Includes Alaska and Hawaii beginning 1950.



TABLE C-24.—Noninstitutional population and the labor force, 1929-72

Year or month

1929

1933

1939

1940194119421943 . . .1944

194519461947

194719481949 . . . . .

1950 . .19511952 _1953 _ .1954

1955 .19561957 .19581959

19601961196219631964 .

19651966 . .196719681969 . .

19701971

1972* . . . .

Nonin-stitu-tionalpopu-

lation i

Totallaborforce

(includ-ing

ArmedForces)

ArmedForcesi

Civilian labor force

Total

Employment

TotalAgri-cul-tural

Non-agri-cul-tural

Unem-ploy-ment

Thousands of persons 14 years of age and over

100,380101 520102,610103,660104,630

105,530106,520107,608

49 440

51, 840

55, 600

56,18057 53060,38064,56066,040

65,30060,97061,758

260

250

370

5401 6203,9709,020

11,410

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

1 550

12,830

9,480

8,1205 5602,6601,070

670

1,0402,2702,356


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

140,182142,596

145, 775

60,94162,08062,903

63,85865,11765,73066,56066,993

68,07269 40969,72970, 27570,921

72,14273,03173,44274,57175,830

77,17878,89380,79382, 27284,240

85,90386,929

88,991

1,5911,4591,617

1,6503,1003,5923,5453,350

3,0492 8572,8002,6362,552

2,5142,5722,8282,7382,739

2,7233,1233,4463,5353,506

3,1882,817

2,449

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

82,71584,113

86,542

57,03958 34457,649

58,92059,96260, 25461,18160,110

62,17163 80264,07163,03664,630

65,77865,74666,70267, 76269,305

71,08872,89574,37275,92077,902

78,62779,120

81,702

7,8917 6297,656

7,1606,7266,5016,2616,206

6,4496,2835,9475,5865,565

5,4585,2004,9444,6874,523

4,3613,9793,8443,8173,606

3,4623,387

3,472

49,14850,71349,990

51,76053,23953,75354,92253,903

55,72457,51758,12357,45059,065

60,31860,54661,75963,07664,782

66,72668,91570,52772,10374,296

75,16575,732

78,230

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

4,0884,993

4,840

Unem-ploy-ment

rate (per-cent ofcivilianlaborforce)

Laborforce

partici-pation

rate(totallabor

force aspercentof non-institu-tionalpopu-lation)

Percent

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

4.95.9

5.6

56.056.758.862.363.1

61.957.257.4

58.959.459.6

59.960.460.460.260.0

60.461.060.660.460.2

60.260.259.759.659.6

59.760.160.660.761.1

61.361.0

61.0



TABLE C-24.—Noninstitutional population and the labor force, 1929-72—Continued

Year or month

Nonin-stitu-tionalpopu-lation i

Totallaborforce

(includ-ing

ArmedForces)

ArmedForces *

Civilian labor force

Total

Employment

TotalAgri-cul-tural

Non-agri-cul-tural

Unem-ploy-ment

Unem-ploy-ment

rate (per-cent ofcivilianlaborforce)

Laborforce

partici-pationrate

(totallabor

force aspercentof non-institu-tionalpopu-lation)

Seasonally adjusted

1971:JanFebMar

fcJuneJulyAugSeptOctNov.Dec

1972:Jan*FebMar

May.June

JulyAugSeptOctNovDec

141,500141,670141,885142,088142,285142,482

142,685142,886143,104143,321143,517143,723

86,66986,29186,34386,59486,81486,314

86,83687,14687,25287,41387,77487,803

88,23888,05888,76888,64788,85088,947

88,98589,33789,47189,65189,45489,707

2,9762,9502,9302,8822,8502,816

2,7972,7752,7492,7172,6962,658

2,5942,5402,5042,4632,4192,393

2,3882,3962,4052,4152,4312,440

83,69383,34183,41383,71283,96483,498

84,03984,37184,50384,69685,07885,145

85,64485,51886,26486,18486,43186,554

86,59786,94187,06687,23687,02387, 267

78,67978,44178,41778,73678,90678,653

79,09579,26479,47679,73879,98780,040

80,57980,59481,21681,20981,45881,752

81,78282,06182,25682,39782,52582,780

3,4113,2943,3703,5333,4023,293

3,3713,3963,3683,4133,4473,409

3,3973,3693,4603,3133,3383,331

3,4433,6103,5793,6583,5563,650

75,26875,14775,04775,20375,50475,360

75,72475,86876,10876,32576,54076,631

77,18277,22577,75677,89678,12078,421

78,33978,45178,67778,73978,96979,130

5,0144,9004,9964,9765,0584,845

4,9445,1075,0274,9585,0915,105

5,0654,9245,0484,9754,9734,802

4,8154,8804,8104,8394,4984,487

6.05.96.05.96.05.8

5.96.15.95.96.06.0

5.95.85.95.85.85.5

5.65.65.55.55.25.1

61.360.960.960.961.060.6

60.961.061.061.061.261.1

144,697144,895145,077145,227145,427145,639

145,854146,069146,289146,498146,709146,923

61.060.861.261.061.161.1

61.061.261.261.261.061.1

i Not seasonally adjusted.•Data beginning with 1972 not strictly comparable with prior data because of adjustment to 1970 Census data, which

added 787,000 to the noninstitutional population, 333,000 to the civilian labor force, and 301,000 to civilian employment.For further details, see "Employment and Earnings," February 1972.

Note.—Labor force data in Tables C-24 through C-27 are based on household interviews and relate to the calendarweek including the 12th of the month. For definitions of terms, area samples used, historical comparability of the data,comparability with other series, etc., see "Employment and Earnings."

Seasonally adjusted data in this table have been revised and do not agree with those published beginning February1972. They are subject to correction when the annual official revision of the series is published.

Source: Department of Labor, Bureau of Labor Statistics.

221490-000 O - 73 - 15


TABLE C-25.—Civilian employment and unemployment by sex and age, 1947-72

(Thousands of persons 16 years of age and over)

Year ormonth

Employment

Total

Males

Total 16-iayears

20yearsandover

Females

Total 16-19years

20yearsandover

Unemployment

Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

years

1947.1948.1949.

1950.1951.1952.1953.1954.

1955.1956.1957.1958.1959.

1960.1961.1962.1963.1964.

1965.1966.1967.1968.1969

1970.19711972

1971:Jan...Feb...Mar...Apr...May...June..

July...Aug...Sept..Oct.. .Nov...Dec...

1972:Jan__.Feb...Mar...Apr...May..June..

July..Aug...Sept..Oct.. .Nov...Dec...

57,039 40,99458,344 41,726"7,649 40,926

58,920 41,58059,962 41,78060,254 41,68411,18142,43110,110 41,620

62,17142,62163,802 43,38064,07143, • "63,036 42,64,630 43,466

65,778 43,90465,746 43,656

i, 702 44, "

2,218 38,776 16,0452,345 39,38216,6182,124 38,80316,723

2,186 39,394 17,3402,156 39,626 18,1822,106 39,578 18,5702,135 40,296 18,7501,985 39,634 18,490

2,095 40,526 19,5502,164 41,216 20,422* 117 41,239 20,714

__ 20,613198 41,267 21,164

177762 44,657

66,

69! 305 45; 474

2,360 41,543 21,8742,314 41,342 22,0902,362 41,815 22,5252,406 42,25123,1052,587 42,886 23,831

,691 14,354,683 14,937,58815,137

15,82416,570

612 16,958584 17,16449017,000

548 18,002654 18,767

,088 46,71,72,895 461

751920 48,11477,902 48,818

78,627 48,96079,120 49,24581,702 50,630

2,918 43,422 24,7483,252 43,668 25,9763,186 44,293 26,8933,255 44,859 27,8073,430 45,388 29,084

3,407 45,553 29,6673,470 45,775 29,8753,750 46,880 31,072

66319,052570 19,043640 19,524

,769 20,105,793 20,296,, 833 20,693,849 21,257,929 21,903

2,118 22,6302,469 23,5102,497 24,3972,525 25,2812,686 26,397

2,734 26,9332,725 27,1492,972 28,100

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

4,0884,9934,840

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

2,2352,7762,635

270255352

318191205184310

274269299416398

425479407500487

479432448427441

599691707

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

1,6362,0861,928

619717

1,065

1,049834698632

1,188

1,0391,018*., 504,320

,366,717,488,598,581

,452,324,468

.,3971,429

1,8532,2172,205

Seasonally adjusted

78,679 48,86978,441 48, 76578,417 48,81578, 736 49,10978,906 49, 20678,653 49,087

79, 095 49,79,264 49,79,476 49,43379,738 49,79,987 49,80,040 49,644

81,82,06182,282,382,582,7

1,3631,379

9,5849,683

80, 579 49, 88080, 594 49,86881, 216 50, 28281,209 50 2508 1 8

0,2500,375

, 752 50,710

,2 50, 25081,458 50,37581,752 50

782 50,70850,852

82,256 51,034"" 397 51,132

525 51,165780 51,336

3,426 45,443 29,8103,441 ". :. —3,382 45,433 29,3,489 45,620 29,6273,4513,321

45,324 29,6761,602J,627

45, 755 29, 70045, 766 29, 566

3,476 45,887 29,7323,487 45,892 29,3,477 45,956 30,3,541 . .3,615 46,068 30,3,566 46,078 30,

885043

46i 043 30', 154304396

3,619 46,261 30,3, 546 46,322 30,3,686 46, 596 30,3,710 46, 540 30,3, 718 46,657 313, 786 46,924 31

3,666 47,042 31,3, 782 47, 070 31,3,838 47,196 31,3,905 47, 227 31,3, 857 47,308 31,3,86147,475 31,

2,911

3,061

2,720 27,0902, 730 26, 9462, 716 26, 8862,718 26,9092, 719 26, 9812,609 26,957

2,712 27,0202, 760 27,1252, 734 27,3092, 723 27,4312, 759 27, 5452,830 27,566

2,926 27,77327, 815

2, 982 27, 9522, 997 27,962

28,0222, 970 28,072

2,927 28,1472,896 28,3132,935 28, 2872,984 28,2813,067 28, 2933, 087 28,357

5,0144,9004,9964,9765,0584,845

4,9445,1075,0274,9585,0915,105

5,0654,9245,0484,9754,9734,802

4,8154,8804,8104,8394,4984,487

2,7842,7172,7242,7362,8202,699

2,7462,8692,8132,7812,8332,851

2,782ti-ll2,7602,7362,579

2,5262,6162,5912,5972,4542,380

701669670677722645

690710673719710737

745850784725716614

611729716662718703

2,0832,0482,0542,0592,0982,054

2,0562,1592,1402,0622,1232,114

2,0371,9582,0252,0352,0201,965

1,9151,8871,8751,9351,7361,677

2,2302,1832,2722,2402,2382,146

2,1982,2382,2142,1772,2582,254

2,2832,1162,2392,2152,2372,223

2,2892,2642,2192,2422,0442,107

144152223

195145140123191

176209197262256

286349313383386

39540439141241;

506567595

587560590556582527

585556574556582583

644620618623546568

595605598592558595

Note.-See Note, Table C-24.Seasonally adjusted data in this table have been revised and do not agree with those published beginning February 1972.

They are subject to correction when the annual official revision of the series is published.



TABLE C-26.—Selected unemployment rates > 1948-72

[Percent]

Year or month

1948..1949..

1950..1951..1952..1953..1954..1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964..1965..1966..1967..1968..1969..

1970..1971..1972..

1971: Jan. . .Feb...M a r -Apr—May..June..

July—Aug...Sept..Oct. . .Nov...Dec...

1972: Jan. . .Feb...M a r -Apr—May_.June..

July..Aug...Sept..Oct. . .Nov...Dec...

Allwork-

ers

3.85.9

5.33.33.02.95.54.44.14.36.85.5

5.56.75.55.75.24.53.83.83.63.5

4.95.95.6

By sex and age

Bothsexes16-19years

9.213.4

12.28.28.57.6

12.611.011.111.615.914.6

14.716.814.717.216.214.812.812.812.712.2

15.216.916.2

Men20

yearsandover

3.25.4

4.72.52.42.54.93.83.43.66.24.7

4.75.74.64.53.93.22.52.32.22.1

3.54.44.0

Wom-en 20yearsandover

3.65.3

5.14.03.22.95.54.44.24.16.15.2

5.16.35.45.45.24.53.84.23.83.7

4.85.75.4

By color

White

3.55.6

4.93.12.82.75.03.93.63.86.14.8

4.96.04.95.04.64.13.43.43.23.1

4.55.45.0

Negroand

otherraces

5.98.9

9.05.35.44.59.98.78.37.9

12.610.7

10.212.410.910.89.68.17.37.46.76.4

8.29.9

10.0

By selected groups

Expe-riencedwageand

salarywork-

ers

4.36.8

6.03.73.33.26.24.84.44.67.25.7

5.76.85.65.55.04.33.53.63.43.3

4.85.75.3

House-hold

heads

3.73.22.72.22.11.91.8

2.93.63.3

Mar-ried

men*

3.5

4.61.51.41.74.02.82.62.85.13.6

3.74.63.63.42.82.41.91.81.61.5

2.63.22.8

Full-time

work-ers 2

5.4

5.02.62.5

5.23.83.74.07.2

6.7

5.54.94.23.53.43.13.1

4.55.55.1

Blue-collarwork-ers 3

4.28.0

7.23.93.63.47.25.85.16.2

10.27.6

7.89.27.47.36.35.34.24.44.13.9

6.27.46.5

Seasonally adjusted

Laborforcetimelost*

6.05.96.05.96.05.8

5.96.15.95.96.06.0

5.95.85.95.85.85.5

5.65.65.55.55.25.1

17.316.617.116.617.416.5

17.116.916.716.916.917.1

17.518.517.416.715.714.9

15.516.716.215.415.615.7

4.44.34.34.34.44.3

4.34.54.44.34.44.4

4.24.14.24.24.14.0

3.93.93.83.93.53.4

5.75.75.95.95.85.7

5.65.85.75.65.75.7

5.65.15.55.45.75.6

5.75.55.45.55.05.1

5.55.45.55.65.65.3

5.45.65.45.35.65.4

5.35.15.35.45.35.0

5.05.15.05.04.64.6

9.59.69.59.8

10.59.4

10.09.9

10.410.49.4

10.4

10.610.510.59.6

10.79.4

9.99.7

10.210.19.89.6

5.85.65.85.75.95.5

5.65.75.75.55.75.8

5.65.45.55.35.55.0

5.35.35.25.24.94.9

3.73.63.63.63.83.7

3.63.83.83.53.63.8

3.53.33.43.43.63.6

3.33.33.33.42.92.9

3.33.23.23.23.23.1

3.13.23.33.03.33.2

3.02.82.82.92.92.9

2.72.62.82.82.42.4

5.55.45.55.55.75. %

5.45.65.65.45.75.7

5.45.35.45.45.65.0

5.15.15.05.04.64.7

7.67.47.47.57.57.1

7.27.57.77.17.57.5

7.17.06.96.86.86.4

6.46.56.15.95.85.7

5.15.38.16.6

6.78.06.76.45.85.04.24.24.03.9

5.36.46.0

6.56.46.56.56.65.6

6.36.56.36.56.46.4

6.46.16.36.36.35.5

6.06.25.96.05.45.4

i Married men living with their wives. Data for 1949 and 1951-54 are for April; 1950, for March.» Data for 1949-61 are for May.3 Includes craftsmen, operatives, and nonfarm laborers. Data for 1948-57 are based on data for January, April, July,

and October.4 Man-hours lost by the unemployed and persons on part-time for economic reasons as a percent of potentially available

labor force man-hours.

Note—See Note, Table C-24.Seasonally adjusted data in the first four columns of this table have been revised and do not agree with those pub-

lished beginning February 1972. They are subject to correction when the annual official revision of the series is published.



TABLE C-27.—Unemployment by duration, 1947-72

Year or monthTotal un-employ-ment

Duration of unemployment

Less than5 weeks

5-14weeks

15-26weeks

27 weeksand over

Average(mean)durationin weeks


1947.1948.1949.

1950.1951.1952.1953.1954.

1955.1956.1957.1958.1959.

1960.1961.1962.1963.1964.

1965.1966.196719681969

197019711972.

1971: Jan.Feb.Mar.Apr.May.June.

July.Aug.Sept.Oct..Nov.Dec.

1972: Jan.Feb.Mar.Apr.May.June


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

4,0884,9934,840

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

2,1372,2342,223

704669

1,194

1,055574516482

1,116

815805891

1,3961,114

1,1761,3761,1341,2311,117

983779893810827

1,2891,5781,458

234193428

425166148132495

366301321785469

503728534535491

404287271256242

427665597

164116256

3571378478317

336232239667571

454804585553482

351239177156133

235517562

Seasonally adjusted l

5,0124,8865,0095,0565,1564,801

4,9165,1145,0404,9185,0965,127

5,0714,9125,0725,0795,0924,728

4,7854,8874,8274,7944,5064,525

2,3182,2182,1552,1762,2452,118

2,1502,3202,3172,1402,2902,410

2,3582,1422,3112,1692,2232,175

2,1492,2542,3692,2562,1652,092

1.630i;6051.633,587,552,572

,532,553,567,529,650,509

,502,454,412,521,514,437

,478,5051,3851,4471,398,445

663619645640667630

704735683628741724

636634591482587594

658644587545605566

412454455448516545

551556567625570549

562660633655593554

497544550550463428

no.

1970 Census data, whichi Because of independent seasonal adjustment of the various series, detail will not add to totals.* Data beginning with 1972 not strictly comparable with prior data because of adjustment to 19'

added 32,000 to unemployment (detail by duration not available).

Note—See Note, Table C-24.Seasonally adjusted data in this table are as published beginning Feburary 1972 and therefore do not agree with data

shown in Tables C-24 through C-26.



TABLE C-28.—Unemployment insurance programs, selected data, 1946-72

Year or month

All programs

Cov-eredem-ploy-

menu

Insuredunem-ploy-ment

(weeklyaver-age)"

Totalbenefits

paid(mil-lions

of dol-lars) a *

State programs

Insuredunem-ploy-ment3

Initialclaims

Ex-haus-tions »

Insured unem-ployment as per-cent of covered

employment

Unad-justed

Season-ally ad-justed

Benefits paid

Total(mil-

lions ofdol-

lars)*

Aver-weeklycheck(dol-lars)*

1946.1947.1948.1949.

1950.1951.1952..1953..1954..1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964..1965..1966..1967..1968..1969..

1970. . .1971 *.1972*.

1971: J a n . . .F e b . . .Mar . . .A p r . . .May. . .June. .

July. . .Aug . . .Sept . .O c t * .Nov P.Dec p.

1972: Jan *...Feb*._Mar * . .Apr p..May *__June »_

July p . .A u g * . .Sept p..Oct p...Nov *_.Dec p . .

Thousands Weekly average, thousands Percent

31,85633,87634,64633,098

34,30836,33437,00638,07236,62240,01842,75143,43644,41145,728

46,33446,26647,77648,43449,63751, 58054,73956,34257,97759,999

59,526

58,00557,77658,13358,83459,05660,045

2,8041,7931,4462,474

1,6051,0001,0691,0672,0511,3991,3231,5713,2692,099

2,0712,9941,946

'1,9731,7531,4501,1291,2701,1871,177

2,0702,3132,185

3,1933,2153,0912,7562,4432,332

2,4312,3492,1732,1292,3122,666

3,0973,1222,9222,4302,1051,951

2,0871,7631,5541,5111,6911,991

2,878.51,785.51,328.72,269.8

1,467.6862.9

,043.5,050.61,291.8, 560.2,540.6,913.0,290.6

2,854.3

3,022.84,358.13,145.13,025.92,749.22,360.41,890.92,221.52.191.02,298.6

4.179.15,498.25,000.0

568.1599.3684.3588.8472.5494.0

470.9483.1441.9408.0451.9537.4

597.7638.3683.2516.4472.7423.0

402.0405.3313.5311.4413.7482.6

1,295997980

1,973

1,513969

1,044990

1,8701,2651,2151,4462,5261,684

1,9082,2901,783

7 1,8061,6051,3281,0611,2051,1111,101

1,8052,1501,850

2,7992,7512,5772,2832,0011,893

1,9931,9121,7391,716L.8792', 221

2,5242,4922,2792,0051,7401,636

1,8231,564,3881,3571,5071,804

189187200340

236208215218304226227270369277

331350302

7 298268232203226201200

296295265

427321275257238250

342282236252298358

385293242237216250

321213190214253324

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

3.44.13.5

5.25.24.84.33.83.6

3.83.63.33.23.54.2

4.84.74.33.83.33.1

3.42.92.62.52.73.3

3.83.83.94.04.24.2

4.14.24.34.44.23.8

3.43.53.53.63.73.6

3.73.43.43.33.33.0

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

2,726.73,422.72,675.42,774.72, 522.12,166.01,771.32,092.32,031.62,127.9

3,848. 54,957.04,550.0

527.2557.9634.5544.2434.2451.4

428.0433.6400.3367.2406.9489.6

550.9589.5628.9472. S429.2382.1

364.3363.0280.1280.3386.4451.9

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

50.3454.0257.00

52.8353.1253.0052.7152.3252.09

55.4756.2756.4853.4653.9654.58

55.3556.7157.2156.9056.3255.23

55.7555.5360.1656.9556.9457.02

1 Includes persons under the State, UCFE (Federal employee, effective January 1955), and RRB (Railroad RetirementBoard) programs. Beginning October 1958, also includes the UCX program (unemployment compensation for ex-service-men).

2 Includes State, UCFE, RR, UCX, UCV (unemployment compensation for veterans, October 1952-January 1960), andSRA (Servicemen's Readjustment Act, September 1944-September 1951) programs. Also includes Federal and Stateextended benefit programs.

8 Covered workers who have completed at feast 1 week of unemployment.« Includes benefits paid under extended benefit provisions of State laws, beginning June 1958. Annual data are net

amounts and monthly data are gross amounts.8 Individuals receiving final payments in benefit year. Data for New Jersey not available for April-June 1971.« For total unemployment only. Excludes data for New Jersey for April-December 1971.7 Programs include Puerto Rican sugarcane workers for initial claims and insured unemployment beginning July 1963.8 June 1971 is latest month for which data are available for all programs combined. Workers covered by State

programs account for about 89 percent of the total.

Source: Department of Labor, Manpower Administration.


TABLE C-29.—Wage and salary workers in nonagricultural establishments, 1929-72

[All employees; thousands of persons]

Year ormonth

1929..

1933..

1939..

1940..1941..1942..1943..1944..

1945..1946..1947..1948..1949..

1950..1951..1952..1953..1954..

1955..1956..1957-1958..1959..

19601961196219631964

1965..1966..1967..1968..1969..

197019711972**

Totalwageand

salarywork-

ers

31,339

23,711

30,618

32,37636,55440,12542,45241,883

40,39441,67443,88144,89143,778

45,22247,84948,82550,23249,022

50,67552,40852,89451,36353,313

54,23454,04255, 59656,70258,331

60,81563,95565,85767,91570,284

70,59370,64572,750

Manufacturing

Total

10,702

7,397

10,278

10,98513,19215,28017,60217,328

15,52414,70315,54515,58214,441

15,24116,39316,63217,54916,314

16,88217,24317,17415,94516,675

16,79616,32616,85316,99517,274

18,06219,21419,44719,78120,167

19,34918,52918,928

Dura-ble

goods

4,715

5,3636,9688,82311,08410,856

9,0747,7428,3858,3267,489

8,0949,0899,34910,1109,129

9,5419,8349,8568,8309,373

9,4599,0709,4809,6169,816

10,40611,28411,43911,62611,895

11,19510,56510,881

Non-dura-

blegoods

5,564

5,6226,2256,4586,5186,472

6,4506,9627,1597,2566,953

7,1477,3047,2847,4387,185

7,3407,4097,3197,1167,303

7,3367,2567,3737,3807,458

7,6567,9308,0088,1558,272

8,1547,9648,048

Min-ing

1,087

744

854

925957992925892

836862955994930

901929898866791

792822828751732

712672650635634

632627613606619

623602607

Con-tractcon-

struc-tion

1,497

809

1,150

1,2941,7902,1701,5671,094

1,1321,6611,9822,1692,165

2,3332,6032,6342,6232,612

2,8022,9992,9232,7782,960

2,8852,8162,9022,9633,050

3,1863,2753,2083,2853,435

3,3813,4113,520

Trans-porta-tionandpub-

licutili-ties

3,916

2,672

2,936

3,0383,2743,4603,6473,829

3,9064,0614,1664,1894,001

4,0344,2264,2484,2904,084

4,1414,2444,2413,9764,011

4,0043,9033,9063,9033,951

4,0364,1514,2614,3104,429

4,4934,4424,495

Whole-saleand

retailtrade

6,123

4,755

6,426

6,7507,2107,1186,9827,058

7,3148,3768,9559,2729,264

9,3869,74210,00410,24710,235

10,53510,85810,88610,75011,127

11,39111,33711, 56611,77812,160

12,71613, 24513,60614,08414,639

14,91415,14215,679

Fi-nance,insur-ance,andreal

estate

1,509

1,295

1,462

,502,549,538,502,476

,497,697,754,829,857

,919,991

2,0692,1462,234

2,3352,4292,4772,5192,594

2,6692,7312,8002,8772,957

3,0233,1003,2253,3823,564

3,6883,7963,926

Serv-ices

3,440

2,873

3,517

3,6813,9214,0844,1484,163

4,2414,7195,0505,2065,264

5,3825,5765,7305,8676,002

6,2746,5366,7496,8067,130

7,4237,6648,0288,3258,709

9,0879,55110,09910,62311,229

11,61211,86912,309

Government

Fed-eral

533

565

905

9%1,3402,2132,9052,928

2,8082,2541,8921,8631,908

1,9282,3022,4202,3052,188

2,1872,2092,2172,1912,233

2,2702,2792,3402,3582,348

2,3782,5642,7192,7372,758

2,7052,6642,649

Stateandlocal

2,532

2,601

3,090

3,2063,3203,2703,1743,116

3,1373,3413,5823,7873,948

4,0984,0874,1884,3404,563

4,7275,0695,3995,6485,850

6,0836,3156,5506,8687,248

7,6968,2278,6799,1099,444

9,83010,19110,639



TABLE G-29.—Wage and salary workers in nonagricultural establishments, 1929-72—Continued

[All employees; thousands of persons]

Year ormonth

1970: Jan . . .Feb. . .Mar. .Apr...May..June..

July. .A u g . .Sept. .Oct . . .N o v . .Dec . . .


July . .A u g . .Sept. .Oct. . .N o v . .Dec. . .


July . .A u g . .Sept. .a c t -Nay *>_Dec* .

Totalwageand

salarywork-

ers

Manufacturing

TotalDura-

blegoods

Non-dura-

blegoods

Min-ing

I/On-tractcon-

struc-tion

Trans-porta-tionandpub-lic

utili-ties

Whnlpwnoic-

saleand

retailtrade

Fi-nance,insur-ance,andreal

estate

Serv-ices

Government

Fed-eral

Stateandlocal

Seasonally adjusted

70,87571,00771,08171,00770,73070,574

70,61270,47270,49970,06569,96870,274

70,33170,26670, 29970, 46170,64370,574

70,53270, 54870,84370,86171,10371,291

71,55271,74472,01172, 24672, 59272,699

72,66172,98473,17673,58973,86873,892

19,99019,91619,89719,77219,54719,445

19,37819,24119,20518,64118,47118, 745

18,69018,60818,51918, 53818,60218,520

18,45318,39318,51718,49518, 53418,519

18, 55118,61218,68518, 79018,89218,931

18,86118,93019, 02919, 21919,32119,356

11,69011,62711,63411,53611,39111,285

11,21911,12911,11010,60210,44210,726

10,68310,62010,54910,56610,61210,568

10,51910,46610,55210,54710,56010,552

10,57510,62110,67310,75510, 83710, 857

10,84310,89710, 97011,12711,19111,240

8,3008,2898,2638,2368,1568,160

8,1598,1128,0958,0398,0298,019

8,0077,9887,9707,9727,9907,952

7,9347,9277,9657,9487,9747,967

7,9767,9918,0128,0358,0558,074

8,0188,0338,0598,0928,1308,116

624624623621619621

620622622623626625

625623622623622621

599612618521524611

615613614605604600

599602606610609603

3,3803,4613,4653,4103,3683,368

3,3583,3623,3333,3413,3603,392

3,3303,3033,3533,3923,4053,407

3,4053,4083,4363,4753,5183,468

3,5233,4943,5123,4933,5353,550

3,4893,5443,5513,5683,5293,445

4,5064,4964,4974,4734,4794,505

4,5314,5144,5054,5004,4854,420

4,4684,4874,4704,4674,4704,451

4,4334,3974,4204,4064,4034,432

4,4554,4384,4874,4814,4904,491

4,4734,4784,4994,5404,5504,551

14,87114,91914,90714,90314,91514,896

14,91514,89514,92114,94314,91614,938

14,99315,00815,01915,05315,09815,096

15,13715,18615, 23215, 25015, 29915,333

15,37915,45615, 50815,56115,63215,682

15,69215,75815,79415,83515,93515,914

3,6523,6593,6723,6803,6853,685

3,6893,6853,6963,7073,7173,727

3,7413,7443,7523,7643,7803,799

3,8033,8043,8213,8353,8473,855

3,8673,8743,8853,8923,9133,931

3,9273,9363,9533,9693,9813,982

11,50011,54911,55911,59011,58511,573

11,59511,61111,64911,68611,72211,744

11,76611,76211,79411,80811,82311,833

11,86511,88911,91811,95111,99712, 042

12,06912,11212,13912, 20612, 25212, 290

12, 34112,41912,37912,45112, 50112,544

2,7092,7072,7692,8382,7682,681

2,6582,6462,6572,6562,6642,661

2,6592,6592,6602,6622,6622,661

2,6642,6632,6632,6622,6662,666

2,6732,6692,6672,6642,6652,646

2,6212,6182,6242,6302,6422,640

9,6439,6769,6929,7209,7649,800

9,8689,8969,9119,968

10,00710,022

10,05910,07210,11010,15410,18110,186

10,17310,19610,21810,26610,31510,365

10,42010,47610,51410, 55410,60910, 578

10,65810,69910,74110,76710,80010,857

Note.—Data in Tables C-29 through C-31 are based on reports from employing establishments and relate to full- andpart-time wage and salary workers in nonagricultural establishments who worked during, or received pay for, any part ofthe pay period which includes the 12th of the month.

Not comparable with labor force data (Tables C-24 through C-27), which include proprietors, self-employed persons,domestic servants, and unpaid family workers, and which count persons as employed when they are not at work becauseof industrial disputes, bad weather, etc.

For description and details of the various establishment data, see "Employment and Earnings."



TABLE C-30.—Average weekly hours and hourly earnings in selected private nonagriculturalindustries, 1947-72

[For production or nonsupervisory workers]

Yearor

month

Average weekly hours

Totalprivatenonag-ricul-tural i

Manu-factur-

ing

Con-tractcon-

struc-tion

Retailtrade 2

Average gross hourly earnings,current dollars

Totalprivate

non-agri-cul-tural

Manu-factur-

ing

Con-tractcon-

struc-tion

Retailtrade 2

Adjusted hourly earnings,total private nonagricultural s

1967=100

Cur-rentdol-lars

1967dol-lars*

Percentchangefrom

precedingperiod

Cur-rentdol-lars

1967dol-lars

194719481949

19501951195219531954

195519561957.1958.1959.

I960.1961.1962.1963.1964.

1965.19661967.19681969

197019711972

AprMay

1971: Jan...Feb..Mar.Apr..Vlay_June-July..Aug...Sept..Oct...Nov...Dec—

1972: Jan...Feb...Mar..Apr...May..June-JulyAugSeptOctNov »Dec »

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

37.137.037.2

40.440.039.1

40.540.640.740.539.6

40.740.439.839.240.3

39.739.840.440.540.7

41.241.340.640.740.6

39.839.940.6

38.238.137.7

37.438.138.937.937.2

37.137.537.036.837.0

36.736.937.037.337.2

37.437.637.737.437.9

37.437.336.9

40.340.240.4

40.440.439.839.139.2

39.038.638.138.138.2

38.037.637.437.337.0

36.635.935.334.734.2

33.833.733.6

$1.1311.2251.275

1.3351.451.52

,61,65

.952.02

2.092.142.222.282.36

2.452.562.682.853.04

3.223.433.65

$1. 2171.3281.378

1.4401.561.651.741.78

1.861.952.052.112.19

2.262.322.392.462.53

2.612.722.833.013.19

3.363.563.80

$1.5411.7131.792

1.8632.022.132.282.39

2.452.572.712.822.93

3.083.203.313.413.55

3.703.894.114.414.79

5.245.696.05

$0,838.901.951

.9831.061.091.161.20

1.251.301.371.421.47

1.521.561.631.681.75

1.821.912.012.162.30

2.442.572.70

42.646.048.2

50.053.756.459.661.7

63.767.070.373.275.8

78.480.883.585.988.6

91.995.6

100.0106.6113.6

121.2129.7137.8

63.763.867.5

69.369.070.974.476.6

79.482.383.484.586.8

88.490.292.293.795.3

97.298.4

100.0102.3103.5

104.2106.9110.0

8.04.8

3.77.45.05.73.5

3.25.24.94.13.6

3.43.13.32.93.1

3.74.04.66.66.6

6.77.06.2

0.25.8

2.7- . 42.84.93.0

3.73.71.31.32.7

1.82.02.21.61.7

2.01.21.62.31.2

.72.62.9

Seasonally adjustedSeasonallyadjusted

annual rates»

36.936.937.037.036.937.0

36.936.936.937.037.137.1

37.037.237.137.337.037.1

37.237.137.337.337.237.2

39.939.739.839.840.040.0

40.039.839.639.940.140.2

40.140.440.440.840.540.7

40.640.640.840.740.941.0

37.436.737.637.136.937.3

37.237.235.837.639.036.8

37.137.337.236.736.736.9

37.037.137.137.637.035.6

33.633.633.533.733.733.7

33.833.633.633.733.733.9

33.733.633.633.733.733.8

33.733.633.533.533.533.8

$3.333.353.373.393.423.43

3.443.463.483.493.493.53

3.553.563.593.623.623.63

3.643.673.693.733.733.74

$3.483.513.523.533.553.56

3.583.593.603.593.593.68

3.693.723.743.763.783.79

3.793.833.863.863.893.93

$5.475.525.535.585.635.67

5.705.765.785.815.835.88

5.915.935.976.016.026.01

6.016.066.106.156.196.26

$2.512.532.542.552.562.57

2.592.592.602.602.592.63

2.652.652.662.672.682.69

2.712.722.732.742.742.75

126.0126.7127.1128.1128.9129.4

130.1130.8131.4131.8131.8133.6

134.6134.8135.5136.7136.7137.1

137.8138.3139.3140.5140.7141.9

105.5105.9106.0106.6106.7106.7

106.9107.2107.5107.7107.5108.6

109.1108.7109.2110.0109.6109.8

110.0110.1110.4111.0110.8111.6

10.57.24.19.68.24.1

6.77.15.6

17.8

9.61.66.0

11.5

6.94.49.1

10.61.3

11.3

6.84.11.56.31.7

- . 6

3.23.03.91.7

-2 .113.5

5.8- 5 . 0

5.79.3

- 3 . 92.4

1.71.43.26.6

- 1 . 98.5

1 Also includes other private industry groups shown in Table C-29.2 Includes eating and drinking places.3 Adjusted for overtime (in manufacturing only) and for interindustry employment shifts.* Current dollar earnings index divided by the consumer price index.5 Computed from indexes to two decimal places.Note.—See Note, Table C-29.Source: Department of Labor, Bureau of Labor Statistics.


TABLE C~31.—Average weekly earnings in selected private nonagricultwral industries, 1947-72

[For production or nonsupervisory workers]

Year or month

Average gross weekly earnings

Total privatenonagricultural i

Current 1967dollars dollars2

Manu-facturing

Contractconstruc-

tion

Retailtrade 3

Current dollars

Average spendable weekly earnings, totalprivate nonagricultufal'

Amount

Currentdollars

1967dollars 2

Percent change frompreceding period

Currentdollars

1967dollars

1947..1948..1949..

1950..1951..1952..1953..1954..

1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964..

1965..1966..1967..1968..1969..

1970..1971..1972 v.

1971: Jan...Feb..Mar..Apr..May..June.

July..Aug..Sept..Oct...Nov..Dec.


July..Aug..Sept..Oct...Nov*.Dec*.

$45.5849.0050.24

53.1357.8660.6563.7664.52

67.7270.7473.3375.0878.78

80.6782.6085.9188.4691.33

95.0698.82101.84107.73114.61

119.46126.91135.78

$68.1367.9670.36

73.6974.3776.2979.6080.15

84.4486.9086.9986.7090.24

90.9592.1994.8296.4798.31

100.59101.67101.84103.39104.38

102.72104.62108.36

$49.1753.1253.88

58.3263.3467.1670.4770.49

75.7078.7881.5982.7188.26

89.7292.3496.5699.63102.97

107.53112.34114.90122.51129.51

133.73142.04154.28

$58.8765.2767.56

69.6876.9682.8686.4188.91

90.9096.38100.27103.78108.41

113.04118.08122.47127.19132.06

138.38146.26154.95164.93181.54

195.98212.24223.25

$33.7736.2238.42

39.7142.8243.3845.3647.04

48.7550.1852.2054.1056.15

57.7658.6660.9662.6664.75

66.6168.5770.9574.9578.66

82.4786.6190.72

$44.6448.5149.74

52.0455.7957.8760.3160.85

63.4165.8267.7169.1171.86

72.9674.4876.9978.5682.57

86.3088.8690.8695.2899.99

104.61112.12120.79

$66.7367.2869.66

72.1871.7172.7975.2975.59

79.0680.8680.3279.8082.31

82.2583.1384.9885.6788.88

91.3291.2190.8691.4491.07

89.9592.4396.40

8.72.5

4.67.23.74.2.9

4.23.82.92.14.0

1.52.13.42.05.1

4.52.72.54.94.9

4.67.27.7

0.83.5

3.6- . 71.53.4.4

4.62.3

- . 7- . 63.1

2.2.8

3.7

2.7- . 1- . 4

.6- . 4

- 1 . 22.84.3

Seasonally adjustedSeasonally adjusted

annual rates

$122.88123.62124.69125.43126.20126.91

126.94127.67128.41129.13129.48130.96

131.35132.43133.19135.03133.94134.67

135.41136.16137.64139.13138.76139.13

$102.95103.32103.99104.34104.45104.63

104.37104.62105.08105.51105.59106.47

106.48106.75107.32108.62107.39107.92

108.06108.39109.06109.91109.32109.38

$138.85139.35140.10140.49142.00142.40

143.20142.88142.56143.24143.96147.94

147.97150.29151.10153.41153.09154. 25

153.87155.50157.49157.10159.10161.13

$204.58202.58207.93207.02207.75211.49

212.04214. 27206.92218.46227.37216.38

219.26221.19222.08220.57220.93221.77

222.37224.83226.31231.24229.03222.86

$84.3485.0185.0985.9486.2786.61

87.5487.0287.3687.6287.2889.16

89.3189.0489.3889.9890.3290.92

91.3391.3991.4691.7991.7992.95

$108.94109.52110.37110.95111.56112.12

112.14112.71113.30113.86114.14115.31

117.30118.15118.75120.20119.34119.92

120. 50121.09122.26123.43123.14123.43

$91.2791.5392.0592.3092.3492.44

92.2192.3692.7293.0393.0893.75

95.0995.2495.6996.6995.6996.10

96.1696.3996.8897.5097.0197.04

58.26.69.76.56.86.2

.26.36.56.13.0

13.0

M.69.16.3

15.7-8 .3

6.0

6.06.0

12.212.1

- 2 . 82.9

M.63.57.03.3

l!3

- 2 . 92.04.84.1.6

9.0

*1.21.95.8

13.3-11.7

5.3

.82.96.38.0

-5 .9.4

1 Also includes other private industry groups shown in Table C-29.2 Earnings in current dollars divided by the consumer price index.3 Includes eating and drinking places.* Average gross weekly earnings less social security and income taxes for a worker with three dependents.«In annualizing the rates of change, the effect of the change in tax rates at the beginning of 1971 and 1972 is taken into

account separately.

Note.-See Note, Table C-29.



TABLE C-32.—Output per man-hour and related data, private economy, 1947-72

[1967=100]

Year or quarter

194719481949

19501951195219531954

19551956195719581959

1960 . . .1961196219631964

19651966196719681969

197019711972*

1970: 1II .IIIIV . . .

1971: l__ . .IIIIIIV

1972: 1IIIII..IV v

Output i

Totalprivate

45.647.847.6

52.555.857 260.159.3

64.365.666 565.670.2

71.973.278 281 586.2

91.897.7

100.0104.8107.7

107.1110.3118.0

Privatenon-farm

44.546.546.4

51.355.056.359.158.3

63.464.765.764.869.5

71.172.577 680.985.9

91.597.9

100.0105.1108.0

107.2110.4118.8

Man-hours 2

Totalprivate

88.889.286.2

87.990.791 292.088.6

92.193.792 388.491.2

92 090.692 492 994.5

97 499.7

100.0101.8104.2

102.6102.0104.7

Privatenon-farm

78.079.176.0

79.082.984.185.982.6

86.188.487.984.587.6

88.687.789 890.992.9

96.399.5

100.0102.1105.1

103.8103.2105.9

Output perman-hour

Totalprivate

51.353.655.3

59.761.562.765.366.9

69.970.072.074.376.9

78.280.984 787.791.1

94.298.0

100.0102.9103.3

104.3108.1112.7

Privatenon-farm

57.158.861.1

65.066.366.968.970.5

73.673.274.876.779.3

80.382.786 489.192.4

95.198.4

100.0102.9102.7

103.4107.1112.1

Compensationper man-hour 3

Totalprivate

36.239.540.1

42.846.949.852.954.5

55.959.563 366.069.0

71.774.477 780.884.9

88.494.5

100.0107.6115.8

124.6133.4141.7

Privatenon-farm

38.341.843.0

45.349.352.054.956.6

58.662.065.568.171.0

73.976.379 382.286.1

89.294.6

100.0107.3114.8

123.1131.8140.3

Unit laborcosts

Totalprivate

70.673.772.5

71.776.379 481.081.5

80.185.087 988.989.8

91 892.191 892 193.1

93 896.5

100.0104.6112.1

119.4123.4125.7

Privatenon-farm

67.171.070.3

69.774.377.679.780.3

79.684.787.688.789.5

92.092.391 892.393.2

93.996.2

100.0104.3111.8

119.1123.2125.1

Implicit pricedeflator *

Totalprivate

66.470.970.2

70.976.177 578.179.1

79.882.385 387.188.3

89.590.491 292.293.2

94.897.2

100.0103.6108.3

113.5118.4121.5

Privatenon-farm

63.868.268.7

69.474.075.977.278.5

79.582.385 386.888.3

89.690.491 292.393.4

94.896.8

100.0103.5108.1

113.5118.4120.9

Seasonally adjusted

106.8107.3107.9106.5

108.7109.7110.4112.3

114.3117.1118.9121.5

107.0107.3108.1106.5

108.7109.8110.5112.7

114.9117.8120.0122.5

103.9103.2102.1101.3

101.6101.9101.8102.6

103.4104.4105.0105.9

105.1104.2103.2102.5

102.8103.0103.0103.8

104.5105.9106.1107.2

102.8103.9105.8105.1

107.0107.6108.5109.4

110.5112.2113.3114.8

101.8103.0104.7103.9

105.8106.6107.3108.5

109.9111.3113.1114.3

121.5123.3126.1127.7

130.6132.5134.4136.0

138.8140.7142.2114.9

119.9122.0124.6126.1

128.8131.2132.9134.5

137.4139.0141.1143.6

118.2118.7119.4121.5

122.0123.2123.9124.2

125.7125.5125.5126.3

117.7118.4119.0121.3

121.8123.0123.8123.9

125.0124.9124.8125.7

111.8112.8113.9115.6

117.0118.2119.0119.3

120.6121.1121.8122.6

111.5112.8113.9115.9

117.1118.3119.1119.1

120.2120.6121.1121.7

1 Output refers to gross national product in 1958 dollars.2 Hours of all persons in private industry engaged in production, including man-hours of proprietors and unpaid family

workers. Man-hours estimates based primarily on establishment data.3 Wages and salaries of employees plus employers' contribution for social insurance and private benefits plans. Also

i ncludes an estimate of wages, salaries, and supplemental payments for the self-employed.* Current dollar gross product divided by constant dollar product.

Note.—Data relate to all personsSource: Department of Labor, Bureau of Labor Statistics.


TABLE C-33.—Changes in output per man-hour and related data, private economy, 1948-72

[Percent change from preceding period]

Year or quarter

1948..1949..

1950..1951..1952..1953..1954..

1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964..

1965..1966..1967..1968..1969..

1970...1971.. .1972 P.

1970: I

III.IV..

1971:IIIllIV

1972:IIIII.IV* . . .

Output '

Totalprivate

Privatenon-farm

4.8- . 3

10.26.32.55.1

- 1 . 3

8.51.91.4

- 1 . 37.0

2.41.96.84.25.7

6.66.42.34.82.8

- . 53.07.0

4.4- . 1

10.67.02.55.1

- 1 . 5

8.82.01.6

- 1 . 57.3

2.41.97.14.36.1

6.67.02.25.12.8

- . 73.07.6

Man-hours 2

Totalprivate

0.43.4

2.03.2

.5

.8- 3 . 7

3.91.7

- 1 . 5- 4 . 2

3.3

- 1 . 52.0

.61.8

3.12.4

.31.82.3

- 1 . 5- . 62.6

Privatenon-farm

1.3- 3 . 9

4.04.91.52.1

- 3 . 8

4.22.6

- . 6- 3 . 9

3.7

1.1- 1 . 0

2.51.22.3

3.63.3

.52.12.9

- 1 . 3- . 62.7

Output perman-hour

Totalprivate

4.53.2

8.13.01.94.22.4

4.4.2

2.93.13.6

1.63.54.73.63.9

3.44.02.12.9

.4

1.03.64.2

Privatenon-farm

3.04.0

6.32.0

.92.92.3

4.4- . 62.22.53.4

1.23.04.63.13.7

2.93.51.62.9

- . 1

.63.64.7

Compensationper man-hour3

Totalprivate

9.01.5

6.89.66.16.33.1

2.66.46.54.24.6

3.93.84.44.05.0

4.16.95.87.67.6

7.67.16.2

Privatenon-farm

9.02.9

5.58.75.55.63.2

3.55.85.73.84.3

4.13.24.03.64.7

3.76.15.77.37.0

7.27.16.4

Unit laborcosts

Totalprivate

4.3- 1 . 6

- 1 . 26.44.12.0

.6

- 1 . 76.23.51.11.0

2.2.3

- . 3.4

1.1

.72.83.74.67.1

6.53.41.9

Privatenon-farm

5.8- 1 . 0

6.64.52.6.9

- . 96.43.41.3.9

2.8

- ' . 5.5

1.0

2.54.04.37.2

6.63.41.6

Implicit pricedeflator <

Totalprivate


6.7- 1 . 0

1.07.31.9.7

1.2

.93.23.62.11.4

1.4.9.9

1.01.2

1.72.52.93.64.5

4.84.32.6

-2.61.72.3

-5.1

8.73.72.57.2

7.010.26.58.9

- 3 . 01.12.9

- 5 . 7

8.64.12.48.1

8.110.67.58.6

- 1 . 3- 2 . 5- 4 . 3- 3 . 3

1.21.5

- . 63.4

3.13.82.33.4

- 1 . 2- 3 . 4- 3 . 8- 2 . 7

1.1.9

- . 23.3

2.85.2.9

4.1

- 1 . 34.36.9

- 1 . 9

7.52.23.23.7

3.96.24.15.3

- 1 . 84.76.9

- 3 . 1

7.43.22.54.7

5.25.16.64.3

6.95.99.45.4

9.26.25.84.7

8.75.64.47.8

6.57.29.04.6

9.17.55.24.9

9.14.66.17.4

8.31.62.47.4

1.73.92.61.0

4.6- . 6

.32.3

8.42.42.08.0

1.54.22.5.3

3.8- . 5- . 43.0

5.23.83.86.3

4.74.32.81.0

4.21.72.22.7

Privatenon-farm

6.8

1.16.52.61.81.7

1.33.43.71.71.8

1.4.9.9

1.21.3

1.42.23.33.54.5

5.04.32.1

5.24.93.77.2

4.54.02.7

.1

3.71.51.42.1

1 Output refers to gross national product in 1958 dollars.2 Hours of all persons in private industry engaged in production, including man-hours of proprietors and unpaid family

workers. Man-hours estimates based primarily on establishment data.3 Wages and salaries of employees plus employers' contribution for social insurance and private benefits plans. Also

includes an estimate of wages, salaries, and supplemental payments for the self-employed.4 Current dollar gross product divided by constant dollar product.

Note.—Data relate to all persons.Percent changes are based on original data and therefore may differ slightly from percent changes based on indexes

in Table C-32.



PRODUCTION AND BUSINESS ACTIVITY

TABLE C-34.—Industrial production indexes, major industry divisions^ 1929-72

[1967=100]

Year or month

1929. .

1933

1939

1940194119421943. .1944..-19451946194719481949

19501951195219531954 . .19551956195719581959

I9601961.1962196319641965 . .1966196719681969 .

1970 . .1971

1971- JanFebMarAprMay . . .June


1972: JanFebMarAprMayJune

JulyAug..SeptOctNov*Dec*.

Totalindustrialproduction

21.6

13.7

21.7

25.031.636.344.047.440.635.039.441.038.8

44.948.750.654.851.958.561.161.957.964.8

66.266.772.276.581.789.297.9

100.0105.7110.7

106.6106.8114.3

Manufacturing

Total

22.8

14.0

21.5

25.432.437.847.050.942.635.339.440.938.7

45.048.650.655.151.558.260.561.256.964.1

65.465.671.475.881.289.198.3

100.0105.7110.5

105.2105.2113.2

Durable

22.6

9.1

17.8

23.731.640.154.560.245.531.837.939.535.9

43.749.252.259.052.059.561.561.954.262.2

63.362.169.073.579.088.599.0

100.0105.5110.0

101.499.4

107.4

Nondurable

23.0

19.7

25.9

27.232.934.336.738.238.139.340.942.241.5

46.247.848.750.751.056.659.560.561.067.0

68.670.775.179.284.490.097.3

100.0106.0111.1

110.6113.5121.5

Mining

44.4

31.5

43.4

48.251.252.854.057.956.855.863.166 358.8

65 772.171.573.471 980.284.484 577.581.1

82.783.285 689.091.193 998.4

100.0103.9107.2

109.7107.0108.4

Utilities

7.2

6.5

10.4

11.513.014.616.117.117.418.119.621.923.3

26.530.332,835.638.342.847.050.252.557.8

61.865.370.275.181.986.993.6

100.0109.4119.5

128.3133.9143.0

Seasonally adjusted

105.5106.0106.0106.5107.4107.4

106.7105.6107.1106.8107.4108.1

108 7110.0111.2112.8113 2113.4

113.9115.0116.1117.3118.4119.3

103.6104.2103.5104.8105.9106.0

105.8104.2105.7106.1106.0106.2

107 1108.5109.7111.8112 3112.5

113.2114.1115.2116.6117.5118.6

98.398.998.599.6

101.1100.7

100.397.499.3

100.199.199.5

100.4102.1103.4105.8106 3106.8

107.7108.4109.7111.3112.6113.9

111.2111.8110.8112.3112.8113.7

113.8114.0115.1114.7115.9116.0

116.8117.8118.8120.3120 8121.3

121.0122.6123.3124.3124.6125.3

111.6110.4111.7110.8108.7108.6

105.6106.3105.997.7

102.5107.8

107.3107.2108.5109.0107.9108.2

107.9107.7110.2109.9110.9109.4

131.3132.7133.0132.7132.8133.8

136.2134.1134.0135.2136.0135.8

137.4139.7139.7140.2141.1141.0

142.5144.1145.6146.3147.1146.1



TABLE O-35.—Industrial production indexes^ market groupings, 1947-72

[1967=100]

Year ormonth

Totalndus-trialpro-duc-tion

39.441.038.8

44.948.750.654.851.9

58.561.161.957.964.8

66.266.772.276.581.7

89.297.9

100.0105.7110.7

106.6106.8114.3

Total

38.339.738.5

43.446.850.353.750.8

54.958.259.957.162.7

64.865.370.874.979.6

86.896.1

100.0105.8109.0

104.5104.7111.1

Final products

Consumer goodsx

Total

Auto-motiveprod-ucts

Homegoods

Equipment

TotalBusi-ness

Inter-mediate

prod-ucts

Materials)

TotalDura-

blegoods

Non-dura-

blegoods

194719481949

19501951195219531954.

19551956195719581959

196019611962. .19631964

19651966196719681969

197019711972 v

1 9 7 1 : J a n . . .Feb . .M a r . .Apr . .M a y . .June.

July.Aug.Sept.Oct . .Nov.Dec. .

1 9 7 2 : J a n . .Feb . .Mar .A p r -May.June.

July.Aug .Sept.Oct .Nov vDec p

42.744.043.8

50.049.550.653.753.3

59.561.763.262.668.7

71.372.877.782.0

93.098.6100.0106.6111.1

110.3115.7123.1

47.850.049.6

62.455.249.762.858.4

77.763.966.953.266.8

76.469.884.592.596.8

112.3108.8100.0117.9117.4

99.9119.5126.9

39.140.837.7

52.044.844.850.746.8

55.258.156.853.661.6

62.063.969.474.981.7

91.4100.7100.0106.9111.6

107.6112.6124.2

29.731.227.9

30.242.150.554.747.9

48.953.755.950.054.9

56.455.661.965.670.1

78.793.0

100.0104.7106.1

96.389.494.5

38.039.534.5

37.045.251.253.246.8

50.758.761.051.557.9

59.457.762.765.874.7

84.498.8

100.0103.4107.9

101.496.8

104.4

42.544.942.6

49.652.051.755.355.1

62.665.365.363.970.5

71.072.476.981.187.3

93.099.2

100.0105.7112.0

111.7112.5120.6

39.741.437.8

45.250.050.756.352.0

61.563.163.156.865.5

66.466.472.477.082.6

91.099.8

100.0105.7112.4

107.7107.4116.3

39.140.236.0

45.351.652.761.553.1

65.065.265.154.865.3

66.164.671.876.682.7

93.0103.0100.0105.0112.2

103.2101.7112.0

Seasonally adjusted

105.5106.0106.0106.5107.4107.4

106.7105.6107.1106.8107.4108.1

108.7110.0111.2112.8113.2113.4

113.9115.0116.1117.3118.4119.3

103.2103.5103.3104.0104.4104.6

105.0104.8105.5105.4106.1106.2

106.4107.6108.2109.8110.2110.1

110.2111.3112.4113.8114.6115.8

113.0113.3113.7114.7115.4116.1

116.3115.9116.7116.6118.0118.0

118.5119.6119.6122.0122.2122.1

122.0123.1124.4125.5126.7127.9

111.2117.6117.8115.7120.7121.2

121.7122.3122.9121.9119.7119.9

116.6119.5119.3128.9127.4125.7

124.7127.1124.8130.7136.6144.4

106.1107.1109.1112.4115.0114.6

115.0114.4113.8113.9113.8116.0

118.1120.7118.7124.2124.3126.1

123.5125.1125.7127.3127.3127.5

89.489.888.888.988.788.5

89.389.589.889.889.689.6

89.590.992.492.793.493.3

93.494.895.897.197.998.7

95.196.795.695.695.195.6

97.197.598.298.297.998.0

98.499.9

101.3101.3102.5102.4

102.1105.0106.7108.3109.0110.4

110.3111.8111.4111.7112.9112.2

114.6110.9112.3113.2114.3114.9

115.9117.0117.3117.3119.3119.1

120.5121.2121.7123.6126.0127.5

106.9107.1107.7107.9109.4109.3

106.4104.8107.3106.6106.5108.4

109.2110.8113.1115.0115.6116.1

116.8117.4119.1120.0120.6121.1

101.9102.0102.3102.6105.4103.7

99.796.5

100.6102.2100.5101.6

103.5105.8107.8110.4111.1111.1

111.5112.6116.0117.1117.2118.4

38.840.937.8

43.647.147.350.250.3

56.959.559.358.165.0

65.968.272.977.182.1

88.596.3

100.0106.9112.8

112.5114.1121.7

112.1112.5112.9113.1113.3115.2

113.6114.7114.7115.0115.9116.7

116.0117.0119.8120.6121.3122.5

123.3123.7122.7123.3124.9125.0

i Also includes apparel and consumer staples, not shown separately,i Also includes industrial fuel and power, not shown separately.



T A B L E C—36.—Industrial production indexes, selected manufactures, 1947—72

{1967=100]

Year ormonth

Durable manufactures

Pri-mary

metals

Fabri-catedmetalprod-ucts

Ma-chinery

Trans-porta-tion

equip-ment

I nstru-ments

Ord-nance,private

andgov-ern-ment

Lum-ber,clay,and

glass

Furni- jture !and !

miscel-laneous

Tex-tiles,

apparel,and

leather

Nondurable manufactures

Paperand

print-ing

Chem-icals,petro-leum,and

rubber

Foodsand

tobacco

1947..1948..1949..

64.8 50.251.146.1

31.033.934.0

24.525.222.5

7.89.09.2

67.456.7

19501951195219531954

1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964..

1965..1966..1967..1968..1969..

1970...1971....1972 p.

71.4

1971: J a n . . . .Feb. . . .M a r . . .AprMay.. .June...

J u l y . . .A u g . . .Sept . . .Oc t . . . .N o v . . .D e c . . .

1972: Jan . . .F e b . .M a r . .

May". 1June..

July..A u g . .Sept..Oct . . .Nov p.Dec »__

77.770.980.465.0

84.584.080.463.874.5

74.272.978.284.395.7

104.0108.8100.0103.2114.1

106.9100.9112.4

56.560.458.966.559.9

68.369.371.163.771.5

71.669.875.978.483.3

92.6100.5100.0106.3113.6

109.4107.4113.4

41.7

46.752.252.045.453.9

56.257.164.867.974.3

84.198.6

100.0101.9106.8

100.396.2

105.3

40.745.452.866.257.6

66.364.368.954.361.5

63.759.969.375.979.6

91.3101.2100.0109.7107.6

90.492.998.8

26.130.035.739.239.6

44.248.550.747.755.2

57.857.359.866.471.3

82.995.3

100.0106.7116.1

110.8108.5118.9

11.442.252.063.248.4

36.131.835.944.446.1

46.439.245.051.650.7

60.575.1

100.0113.7111.6

95.386.186.4

64.7

73.875.973.371.482.2

78.579.784.388.994.0

98.7102.6100.0105.6111.1

106.3111.5119.9

53.7

65.868.767.162.168.7

69.770.676.179.584.7

93.8100.8100.0106.2111.6

108.8111.7122.7

65.7

73.475.173.471.879.6

79.280.284.386.991.9

97.8101.7100.0104.9105.9

100.2100.7106.3

52.2

57.861.562.261.567.0

69.271.074.378.484.5

90.598.9

100.0104.2109.1

107.8107.8115.4

35.4

41.243.545.846.553.8

55.658.364.570.075.9

83.894.1

100.0109.6118.4

118.2124.7137.7

Seasonally adjusted

108.1105.8106.2108.5114.3108.1

98.981.293.896.191.494.3

102.4102.6105.1110.2113.5111.9

114.9113.6117.4118.2119.6121.5

105.9106.6104.9108.6108.6108.6

110.9108.2105.9107.1107.1107.6

106.0108.6110.1110.8111.9112.3

114.1114.4115.2117.5118.7119.7

93.594.594.294.495.696.3

97.796.797.998.397.897.9

98.599.5

100.3102.6103.0104.8

104.8107.1108.3109.5110.6112.0

92.193.892.590.792.193.1

93.293.994.294.593.492.7

92.094.795.9

100.498.997.4

98.298.499.8

102.4104.9107.1

106.5105.3105.5106.7108.0108.5

110.9109.1110.5111.2110.4109.3

111.3114.5114.2116.1117.3119.3

119.9120.9122.4122.9123.7123.5

87.986.085.587.988.587.1

85.085.585.285.384.984.4

83.283.786.487.387.687.8

88.086.284.886.387.487.5

105.7108.9110.4112.0111.6112.6

111.4111.0112.1113.2113.7114.8

115.5118.0118.1118.1118.2119.0

119.1119.6120.5123.5124.2125.4

105.4107.8106.7110.8111.6113.3

115.9114.0114.2114.0113.3114.3

115.0117.3118.4119.9120.6122.1

123.7126.7126.6126.2125.9128.3

99.097.697.799.8

100.6101.3

100.9100.8102.5102.3101.8103.1

102.0101.1103.7106.1104.9105.9

104.8106.8108.0109.0109.5110.7

107.0108.0104.4106.7106.8105.9

108.4108.1108.2109.4110.5110.7

111.3112.6112.6112.3114.1115.1

115.2116.4115.3118.3120.7120.2

118.7121.4121.6123.1123.2126.1

124.7126.3127.5126.6127.9127.9

129.8132.6133.4136.1137.5137.1

137.4139.9141.1142.0140.8142.4



TABLE C-37.—Manufacturing output, capacity, and utilization rate, 1948-72

19481949

19501951195219531954

1956195719581959

19601961196219631964

1966196719681969

197019711972

1967:

1968:

19R9-

1970:

1971 •

1972

1IIIIIIV

1IIIIIIV

1IIIIIIV

IIIII. .IV

1IIillIV

1 PII P..Ill PIV P

Period Output1 Capacity

1967 output=100

41.539.1

45.449.350.955.451.4

58.160.361.156.964.0

65.365.671.375.781.1

89.098.199.9

105.6110.4

105.3105.2113.0

44.847.3

49.451.854.958.161.2

64.468.374.875.778.6

81.684.587.791.294.8

100.0106.7113.7120.5127.7

134.6140.3145.6

Utilization rate

Total Primaryprocessing

2

Advancedprocessing

Percent

92.782.7

91.995.192.895.584.1

90.088.284.575.181.4

80.177.681.483.085.5

89.091.987.987.786.5

78.375.077.6

98.183.8

97.8100.191.294.382.9

93.790.785.275.282.7

79.478.281.884.088.0

91.192.185.786.888.5

81.579.383.5

89.882.1

88 892.593.796 184.7

87.786.984.175.080.7

80.377.381.182.584.2

87.891.889.188.185.4

76.572.774.5

Seasonally adjusted

98.898.999.9

101.9

103.5105.3106.3107.3

109.5110.4111.8110.1

106.8106.8105.9101.6

103.8105.6105.3106.1

108.2112.2114.2117.6

111 2112.8114.5116.2

117 9119.6121.3123.0

124.9126.7128 6130.5

132.2133 8135.3136.9

138.3139.6141.0142.3

143.6144.9146.3147.6

88 987.787.387.7

87 988.187.687.2

87.787.186 984.3

80.879.878.374.2

75.075.674.774.6

75.377.478.179.7

87.184.484.986.5

86.187.686.687.0

88.688.788.987.7

83.582.481.778.5

79.481.178.078.6

80.383.384.386.2

89.989.588.688.4

88.888.388.287.3

87.186.285.882.5

79.378.476.571.9

72.772.772.972.4

72.774.374.776.2

1 May differ slightly from data shown in Table C-34 because of rounding.2 Output as percent of capacity.Note.—For description of series, see "Federal Reserve Bulletin," October 1971 and November 1966.

Source: Board of Governors of the Federal Reserve System, based on data of Federal Reserve, Department of Commerce,and McGraw-Hill Information Systems Company.


TABLE Q-38.—New construction activity, 1929-72

[Value put in place, millions of dollars]

Year or month

1929

1933

1939

1940194119421943.1944

19451946

New series19461947 .19481949

19501951195219531954

1955195619571958 . . .1959..

19601961196219631964

1965 .1966196719681969

19701971..1972*

Totalnewcon-

struc-tion

10,793

2,879

8,198

8,68211,95714,0758,3015,259

5,80912,627

14,30820,04126,07826, 722

33, 57535,43536,82839,13641,380

46, 51947,60149,13950,15355,305

54,63256, 29259,96564, 56367,413

73,41276,00277, 50386,62693,368

94,030109,399123, 570

Private construction

Total

8,307

1,231

4,389

5,0546,2063,4151,9792,186

3,41110,396

12,07716,72221,37420,453

26, 70926,18026,04927,89429,668

34,80434,86935, 08034, 69639, 235

38, 76939,14442,09645, 20647,030

51,35051,99551,96759,02165,404

65,93279,53593,390

Residentialbuildings i

Total 2

3,625

470

2,680

2,9853,5101 715

885815

1,2764,752

6,2479,850

13,12812,428

18,12615,88115,80316, 59418,187

21,87720,17819,00619, 78924, 251

22,97523,10725,15027,87428,010

27,93425,71525,56830,56533,200

31,86443,06253,910

Newhous-

ingunits

3,040

290

2,270

2,5603,0401,440

710570

7203,300

4,7957,765

10,50610,043

15,55113, 20712,85113,41114,931

18,24216,14314, 73615,44519, 233

17, 27917,07419,44321, 73521, 786

21,71219,35218,98524,03025,941

24, 27234,86044, 540

Nonresidential buildings and otherconstruction»

Total

4,682

761

1,709

2,0692,6961,7001,0941,371

2,1355,644

5,8306,8728,2468,025

8,58310, 29910, 24611,30011,481

12,92714,69116,07414, 90714,984

15,79416,03716,94617,33219,020

23,41626, 28026, 39928,45632,204

34,06836,47339, 480

Com-mer-cials

1,135

130

292

3484091553356

2031,153

1,153957

1,3971,182

1,4151,4981,1371,7912,212

3,2183,6313,5643,5893,930

4,1804,6745,1444,9955,396

7,7619,401

9,75411,61913, 520

In-dus-trial

949

176

254

442801346156208

6421,689

1,6891,7021,397

972

1,0622,1172,3202,2292,030

2,3993,0843,5572,3822,106

2,8512,7802,8422,9063,565

6,0216,783

6,5385,4234,660

Other*

2,598

455

1,163

1,2791,4861,199

9051,107

1,2902,802

2,988412135,4525,871

6,1066,6846,7897,2807,239

7,3107,9768,9538,9368,948

8,7638,5838,9609,431

10,059

14,67416,020

17,77619,43121,300

Public construction

Total

2,486

1,648

3,809

3,6285,751

10,6606,3223,073

2,3982,231

2,2313,3194,7046,269

6,8669,255

10, 77911,24211,712

11,71512, 73214,05915,45716,070

15,86317,14817,86919,35720,383

22,06224,00725,53627,60527,964

28,09829,86430,180

p. j

erallyowned

155

516

759

1,1823,7519,3135,6092,505

1,737865

865840

1,1771,488

1,6242,9814,1854,1393,428

2,7692,7262,9743,3873,724

3,6223,8793,9134,0013,898

4,0143,9643,4753,3673,313

3,2923,9764,430

Stateand

locallyowned «

2,331

1,132

3,050

2,4462,0001,347

713568

6611,366

1,3662,4793 5774,781

5,2426,2746,5947,1038,284

8,94610,00611,08512,07012,346

12,24113,26913,95615,35616, 485

18,04820,04322,06124,23824,651

24,80625,88825,750



TABLE C-38.—New construction activity, 1929-72—Continued

(Value put in place, millions of dollars]

Year or month

1971:JanFebMarAprMayJune

JulyAugS e p t . . . .OctNovDec

1972:JanFebMarApr . . . . .M a y . . . .June

J u l y . . . .AugS e p t . . . .Oct *__..Nov»___

Totalnewcon-

struc-tion

102,103,104,107,108,108,

110,111,110,114,114,115,

337494943181014465

194021660047627553

120,790121,122120122121

777912417121035

119, 808122124129129

810900039083

Total

72,73,

131208

74,71477,22377,79,

80,

921688

52282,06281,82,84,

555441153

85, 241

8890929192

606860529469299

92,426

9193949697

525607289215946

I

Private construction

Residentialbuildings i

Total 2

36, 49337,67338,40,41,

785444896

42, 867

43,44,

566595

45, 57546,47,47,

49,51,53

387094919

594922089

52,66852,52

5354555656

330923

509314476298843

Newhous-

ingunits

Nonresidential buildings and other

Total

constructionl

Com-mer-cials

In-dus-trial


28,68829,99531,07032,34333,77634, 795

35,66636,71237, 45837,67137,95438,710

40,42442,80744,03143,62443,28643,655

44,01244,72645,90846,68647,135

35,35,35,36,36,

638535929779025

36, 821

36,95637, 46735,980363737,

393839383939

3839383941

054059322

012938440801969503

016293813917103

10, 20410,19010,11,11,11,

12,12,11,11,12,

651238150657

472936724779349

12,354

13,13,13131413

1213131313

272247244411132477

979406490770848

6,2466,2446,0726,0305,7375,459

5,3704,9034,6484,9884,9084,937

4,9354,6744,7964,6494,7234,944

4,5924,8144,4324,3014,587

Other *

19,18819,10119,20619, 51119,13819,705

19,11419, 62819, 60819, 28719,80220, 031

20,80521, 01721,40020,74121,11421,082

20,44521,07320, 89121,84622,668

Public construction

TotalFed-

erallyowned

30, 20630,28630,22929,95830,09328,777

29, 67228,95929,10531, 60630,47430,312

32,18430, 91730, 38328,94829,82228,609

28, 28329, 20330,61132,82431,137

\t'

II

I

iIi

1,8041,707t,807), 8951,9295,937

1,5235,9705,8471,0521,2715,932

(,4661,3811,7701,1601,5571,835

(,380M241,183(,391(,488

CtataOldie. _ j

analocally

owned'

26,40226,57926,42226,06326,16424,840

25,14924,98925,25827, 55426,20326,380

27,71826, 53625,61324,78825, 26523,774

23,90325,07926,42828,433

i Beginning 1960, farm residential buildings included in residential buildings; prior to 1960, included in nonresidentialbuildings and other construction.

3 Total includes additions and alterations and nonhousekeeping units, not shown separately.3 Office buildings, warehouses, stores, restaurants, garages, etc.< Religious, educational, hospital and institutional, miscellaneous nonresidential, farm, public utilities, and all other

private.* Includes Federal grants-in-aid for State and locally owned projects.« Preliminary estimates by Council of Economic Advisers.

Source: Department of Commerce, Bureau of the Census, except as noted.

237

490-000 O - 73 - 16


TABLE C-39.—New housing starts and applications for financing, 1929-72

[Thousands of units]

Year or month

1929

1933

1939 . . .

19401941194219431944

New series

19451946194719481949

195019511952195319541955195619571958 . . .1959

19601961196219631964.19651966196719681969

197019711972 »

Housing starts

Private andpublic i

Total(farmandnon-

farm)

1,553.7

1,296.11,365.01,492.51, 634.91,561.01,509.71,195.81,321.91,545.41,499.5

1,469.02,084. 52,377. 7

Non-farm

509.0

93.0

515.0

602.6706.1356.0191.0141.8

326.01,023.01,268.01,362.01,466.0

1,952. 01,491.01,504.01,438.01,551.01,646.01,349.01,224.01,382.01,531.3

1,274.01,336.81,468.71,614.81,534.01,487.51,172.81,298.81,521.41,482.3

O)

8

Private i

Total (farm and nonfarm)

Total

1,517.6

1,252.21,313.01,462.91,603.21,528.81,472.81,164.91,291.61,507.61,466.8

1,433.62,052.22, 355. 5

Type ofstructure2

Onefamily

1,234.6

994.7974.3991.4

1,012.4970.5963.7778.6843.9899.4810.6

812.91,151.01,310.0

Two ormore

families

283.0

257.4338.7471.5590.8558.3509.1386.3447.7608.2656.2

620.7901.2

1,045.5

Governmenthome programs

(nonfarm) 3

FHA *

144.7

176.6217.1160.2126.183.6

38.957.1

178.3216.4252.6

328.2186.9229.1216.5250.9268.7183.4150.1270.3307.0

225.7198.8197.3166.2154.0159.9129.1141.9147.7153.6

£33.5301.2

VA

7 8.891.8

160.371.190.8

191 2148.6141.3156.5307.0392.9270.7128.3102.1109.3

74.683.377.871.059.249.436.852.556.151.2

61.094 0

104.0

Newprivatehousing

unitsauthor-ized «

1,208.3

998.01,064.21,186.61,334.71,285.81,239.8

971.91,141.01,353.41,323.7

1,351.51,924 62,129.0

Proposedhome con-struction 6

Appli-cations

forFHAcom-mit-

ments*

179.8

231.2288.5238.5144.462.9

56.6121.7286.4293.2327 0

397 7192 8267.9253.7338.6306.2197.7198.8341.7369.7

242.4243.8221.1190.2182.1188.9153.0167.2168.9187.6

315.0366 8

Re-quests

forVAap-

prais-als

164 4226.3251.4535.4620.8401.5159.4234.2234.0

142.9177.8171.2139.3113.6102.199.2

124.3131.7138.2

143.7217.9209.4


238


TABLE O-39.—New housing starts and applications for financing, 1929-72—Continued

[Thousands of units]

Year or month

Housing starts

Private andpublic i

Total(farm

andnon-

farm)

Non-farm

Private i

Total (farm and nonfarm)

Total

Type ofstructure*

Onefamily

Two ormore

families

Governmenthome programs

(nonfarm) 3

FHA< VA

Newprivatehousing

unitsauthor-ized 5

Proposedhome con-struction «

Appli-cations

forFHA

com-mit-

ments «

Re-quests

forVAap-

prais-als


1971: Jan . . .Feb...Mar...Apr.. .May..June..

July..Aug...Sept..Oct . . .Nov...Dec...

1972: Jan . .Feb...M a r -Apr...May..June.

July..Aug..Sept..Oct.. .N O V PDec p.

114.8104.6169.3203.6203.5196.8

197.0205.9175.6181.7176.4155.3

150.9153.6205.8213.2227.9226.2

207.5231.0204.4218.2186.3152.7

(8<•

8(8(8

(8)8t

&iitI

(

(

(

)

))

)

J

1,8101,7941,9381,9512,0462,008

2,0912,2192,0292,0382,2282,457

2,4872,6822,3692,1092,3502,330

2,2182,4842,3992,4622,3882,392

1,0071,0051,0801,1221,1521,150

,1621,1981,1721,1551,2421,347

L,4151,3251,3021,1671,3441,296

1,2891,4101,3831,3081,3071,240

803789858829894858

9291,021857882985

1,110

1,0721,3571,067942

1,0061,034

9291,0741,0161,1541,0811,152

384286266280271290

288325294299293383

378287262219189177

173179173150126

757382939691

991039898105104

1161181251049898

106103106979386

1,6681,5721,7221,7211.9711,913

2,0792,0461,9872,0272,0922,191

2,2042,0562,0071,9911,9552,121

2,1082.2372,2652,2162,1392,372

366349344348375378

392359343351291450

333326260221217217

223206163150162

189175186206221250

234218253231207228

232224207248197219

203199193191207192

1 Units in structures built by private developers for sale upon completion to local public housing authorities under theDepartment of Housing and Urban Development "Turnkey" program are classified as private housing. Military housingstarts, including those financed with mortgages insured by FHA under Section 803 of the National Housing Act, ars in-cluded in publicly financed starts but excluded from total private starts and from FHA starts.

2 Not available prior to 1959 except for nonfarm for 1929-44.3 Data are not available for new homes started under the Department of Agriculture, Farmers Home Administration

program.4 Units are for 1- to 4-family housing.« Data beginning 1967 cover approximately 13,000 permit-issuing places. Data for 1963-66 are based on 12,000 places

and 1959-62,10,000 places. The addition of approximately 1,000 permit-issuing places in 1967 contributed an increase of3 percent in total permit authorizations.

« Units in mortgage applications or appraisal requests for new home construction.i Monthly estimates for September 1945-May 1950 were prepared by Housing and Home Finance Agency." Not available separately beginning January 1970.

Sources: Department of Commerce, Department of Housing and Urban Development, and Veterans Administration(except as noted).


TABLE C-40.—Business expenditures for new plant and equipment, 1947-73l


Yearor quarter

194719481949

195019511952. . . .19531954

19551956195719581959

1960196119621963 . . .1964

19651966196719681969

197019711972 3

19733

1970: 1IL —IIIIV

1971: 1IL —III . . .IV. . . .

1972: IIL —III . . .IV 3 . .

1973: | 3 . _ . .IM. . .

Total

19.3321.3018.98

20.2125.4626.4328.2027.19

29.5335.7337.9431.8933.55

36.7535.9138.3940.7746.97

54.4263.5165.4767.7675.56

79 7181.2188.54

99.99

Manufacturing

Total

8.449.017.12

7.3910.7111.4511.8611.24

11.8915.4016.5112.3812.77

15.0914.3315 0616.2219.34

23.4428 2028 5128.3731.68

31 9529.9931.16

35.42

Dura-ble

goods

3.253.302.45

2.944.825.215.314.91

5.417.457.845.615.81

7.236.316.797.539.28

11.5014.0614.0614.1215.96

15 8014.1515.52

18.11

Non-durablegoods

5.195.714.68

4.455.896.246.566.33

6.487.958.686.776.95

7.858.028.268.70

10.07

11.9414.1414.4514.2515.72

16.1515.8415.65

17.31

Mining

0.69.93.88

.841.111.211.251.28

1.311.641.691.431.36

1.301.291.401.271.34

1.461.621.651.631.86

1.892.162.45

2.88

Transportation

Rail-road

0.911.371.42

1.181.581.501.42.93

1.021.371.58.86

1.02

1.16.82

1.021.261.66

1.992.371.861.451.86

1.781.671.80

1.98

Air

0.17.10.12

.10

.14

.24

.24

.24

.26

.35

.41

.37

.78

.66

.7352

.401.02

1.221.742.292.562.51

3 031.882.52

2.41

Other

1.131.17.76

1.091.331.231.291.22

1.301.311.301.061.33

1.301.231.651.581.50

1.681.641.481.591.68

1.231.381.41

1.43

Publicutili-ties

1 542.543.10

3.243.563.744.343.99

4.034.525.675.525.14

5.245.004.904.985.49

6.137.438.74

10.2011.61

13.1415.3017.11

19.73

Com-muni-cation

1.401.741.34

1.141 371.611.781.82

2.112.823.192.792.72

3.243.393.854.064.61

5.306.026 346.838.30

10.1010.7711.90

36

Com-mer-cialand

other 2

5 054.424.24

5.225 675.456.026.45

7.638.327.607.488.44

8.759.139.99

10.9912.02

13.1914.4814.5915.1416.05

16.5918.0520.18

14


78.2280.2281.8878.63

79.3281.6180.7583.18

86.7987.1287.6792.36

96.6697.93

32.4432.4332.1530.98

30.4630.1229.1930.35

30.0930.3730.9832.96

35.1135.57

16.4016.3215.7414.92

14.2114.0613.7614.61

15.0614.7715.6716.44

17.9818.00

16.0516.1116.4016.05

16.2516.0615.4315.74

15.0215.6015.3116.52

17.1417.57

1.921.841.861.94

2.042.082.232.30

2.422.382.402.61

2.66

1.741.881.961.56

1.461.881.721.64

2.101.881.501.70

1.96

2.942.883.243.08

1.292.281.682.26

1.962.892.672.57

2.14

1.371.121.221.22

1.331.401.481.33

1.481.531.411.28

1.50

12.1412.7213.8413.68

14.6414.9115.8715.74

16.9216.6017.0117.94

19.48

9.1410.3810.6210.20

10.7011.2110.7310.44

11.7111.5911.56

16.5216.9817.0015.97

17.3917.7217.8519.10

20.1019.8820.16

33730

33.8062.36

* Excludes agricultural business; real estate operators; medical, legal, educational, and cultural service; and nonprofitorganizations. These figures do not agree precisely with the nonresidential fixed investment data in the gross nationalproduct estimates, mainly because those data include investment by farmers, professionals, institutions, and real estatefirms, and certain outlays charged to current account.

2 Commercial and other includes trade, service, construction, finance, and insurance.3 Estimates based on expected capital expenditures reported by business in October-December 197?. Includes ad-

justments when necessary for systematic tendencies in expectations data.Note.—Annual total is the sum of unadjusted expenditures; it does not necessarily coincide with the average of season-

ally adjusted figures.



TABLE C-41.—Sales and inventories in manufacturing and trade; 1947-72

[Amounts in millions of dollars]

Year or month

Total manufacturingand trade

Sales i Inven-tories 2 Ratio 3

Manufacturing

Sales Inven-tories 2 Ratio 3

Merchant wholesalers

Sales i Inven-tories 2 Ratios

Retail trade

Sales i Inven-tories 2 Ratio s

1947...1948...1949...

1950...1951...1952...1953...1954...

1955...1956...1957...1958...1959...

1960...1961*_1962...1963...1964...

1965...1966...1967...1968...1969...

1970...1971...1972*.

35,26033,788

38,59643,35644,84047,98746,443

51,69454,06355,87954,23359,661

60,74661,13365,41768,969

52,50749,497

59,82270,24272,37776,12273,175

79,51687,30489,05286,92291,891

94,74795,648101,090105,477

120, 900136,729145,108

80, 27687,178 136,89,69897,100 155; 336

103,104 166,694

104,407 174,942111,931 182,842123,816 192,282

1.421.53

1.361.551.581.581.60

1.471.551.591.601.50

1.561.541.511.491.47

1.451.471.571.551.56

1,641.601.51

15,51317,31616,126

18,63421,71422, 52924,84323,355

26,48027, 74028,73627,28030, 219

30,79630,89633,11335,03237,335

41,00344,86946,44950, 28253, 555

25,89728,54326,321

31,07839,30641,13643,94841,612

45,06950,64251,87150,07052, 707

53,81454,93958,21360,04363, 386

68, 22177,96584, 59990,83596,955

52,560 __55,580 10162,069 106;

101,712,665i, 371

585775

4866787681

6273808470

7674726964

6062767476

1.901.831.67

6,8086,514

7,6958,5978,7829,0528,993

9,89310,51310,47510,25711,491

11,65611,98812,67413,38214, 527

15,59516,97917,09918,32919, 726

20,55422,28024, 663

7,9577,706

9,2849,88610,21010,68610,637

11,67813,26012, 73012, 73913,879

14,12014,48814, 93616,04816,977

18, 27420,69121,55722,52824,363

26,60428,91631, 253

1.131.19

1.071.161.121.171.18

1.131.191.231.241.15

1.221.20.16.15.13

1414212019

232321

10, 20011,13511,149

12,26813,04613,52914,09114, 095

15,32115,81116,66716,69617,951

18, 29418,24919,63020, 55621,823

23,67725,33026,15128, 49029, 824

31, 29434,07137,085

14,24116,00715,470

19,46021,05021,03121,48820,926

22,76923,40224,45124,11325,305

26,81326,22127,94129,38631,094

34,40538,07338,95241,97345,376

46,62652, 26154, 658

Seasonally adjusted

1971:JanFebMarApr . . . .May. . .June.. .

July.. . .Aug. . . .Sept. . .Oc t . . . .Nov.. . .D e c . . .

1972: Jan. . . .Feb....Mar . . .Apr.. . .May.. .June...

July. . .Aug . . .Sept...Oct.. . .Nov*»_.Dec*...

106,767108,201109,752110,453111,458 178,827112,647

175,740176,472177,390178,037

179,155

111,791 .113,910 180,113,450113,191115,757 .115,630 182,842

179,612180, 298181,331181,747181,852

120,669 184,121,685122,814 185i122,283

123,371 „..126,458 188,127,056 189,129,609 190,131,529 192,

118,426 183,303118,077 183,826

.. ,263184,816185,953186,439

186,8841,409), 759i,9741,282

1.65.63.62.61.60.59

6158

.6061

.57

.58

555653525152

.51

.491.491.471.46

61,41361,231

53,139 101,90154,017 101,75754,802 101,78254,978 101,64355,507 101,86656,104 101,614

55,482 101,31756,650 101,28055,682 101,41355,943 101,73657,444 101,69957,740 101,665

59,189 101,79659,199 102,16160,335 102,45061,219 102,428

102,822103, 505

61,635 103,88863,352 105,13863,903 105,44164,725 106,00866, 553 106,371

1.921.881.861.851.841.81

1.831.791.821.821.771.76

1.721.731.701.671.671.69

1.691.661.651.641.60

21,33821,33421,67621,89722,44922,716

22,62122,60522,54922, 28422,73922,994

24,35123,53323,88424,17024,26024, 230

24,39425,13725,40725,77926,148

26,64626,80626, 78827,04627,14027,333

27,86627, 79527,81427,92828,23728,916

29,04929,18129,17429,57429,72929,641

30,05630,16430,65731,03231, 253

252624242120

232323252426

192422222322

1.231.201.211.201.20

32,29032,85033,27433, 57833, 50233,827

33,68834,65535, 21934,96435, 57434,896

34,88635,34536,45036, 29637,14136,822

37,34237,96937,74639,10538, 82838,944

47,19347,90948.82049,34849.82150,208

50,42951,22352,10452,08351,91652,261

52,45852,48452,63952,81453,40253, 293

52,94053,10753,66153,93454,658

1.261.391.41

1.381.641.521.531.51

1.431.471.441.431.40

1.451.431.381.391.40

1.391.441.461.431.46

1.471.471.43

1 Monthly average for year and total for month.2 Seasonally adjusted, end of period.~ Inventory/sales ratio. For annual periods, ratio of weighted average inventories to average monthly sales; for monthly

" if ii:a. See Department of Commerce, Bureau

data, ratio of inventories at end of month to sales for month.* Manufacturing data prior to 1961 not com

of the Census, "Series M3-1.1," September l l _ _ .« Based on seasonally adjusted data through November.

Note.—The inventory figures in this table do not agree with the estimates of change in business inventories includedin the gross national product since these figures cover only manufacturing and trade rather than all business, and showinventories in terms of current book value without adjustment for revaluation.

Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).


C-42.—Manufacturers* shipments and inventories, 1947-72

[Millions of dollars]

Year or month

194719481949

195019511952..19531954.

19551956. .1957. . . .1958.1959

19601961s19621963. . . .1964

196519661967.1968.1969

197019711972*

1971: JanFebMarAprM a y . . . .June

JulyAugS e p t . . . .OctN o v . . . .Dec


J u l y . . . .AugSept - . . .O c t . . . . .Nov *»___.Dec ?

Shipmentsl

Total

15,51317,31616,126

18,63421,71422,52924,84323,355

26,48027,74028,73627.28030;219

30,79630,89633,11335,03237,335

41,00344,86946,44950,28253,555

52, 56055,58062,069

Dura-ble

goodsindus-tries

6,6947,5797,191

8,84510,49311,31313,34911,828

14,07114,71515,23713,57115,545

15,81715,54417,10318,24719,634

22,21624,63325,21227,69429,459

28,06129,88633,956

Non-durablegoodsindus-tries

8,8199,7388,935

9,789.11,221

11,21611,49411,527

12,40913,02513,49913,70814,674

14,97915,35216,01016,78617,701

18,78820,23621,23622,58824,096

24,49925,69428,113

Inventories 2

Total

25,89728,54326,321

31,07839,30641,13643,94841,612

45,06950,64251,87150,07052,707

53,81454,93958,21360,04363,386

68,22177,96584,59990,83596,955

101,712101,665106,371

Durable goods industries

Total

13,06114,66213,060

15,53920,99123,73125,87823,710

26,40530,44731,72830,09531,839

32,36032,50934,60535,81338,436

42,22749,81854,89359,05363, 254

66,82965,87469,641

Mate-rialsandsup-plies

8,9667,894

9,19410,41710,6089,847

10,585

10,28610,24210,79811,00111,927

13,29915, 50116,43717,41118,643

19,06319,14619,812

Workin

process

10,7209,721

10,75612,31712,83712,29412,952

12,78013,21114,20514,99716,253

18,15221,97824,99727,55729,105

30,33229,64532,321

Fin-ishedgoods

6,2066,040

6,3487,5658,1257,7498,143

9,1909,0569,6029,815

10,256

10,77612,33913,45914,08515, 506

17, 43417,08317,508

Nondurable goods industries

Total

12,83613,88113 261

15 53918,31517 40518,07017,902

18,66420,19520,14319,97520,868

21,45422,43023,60824,23024,950

25,99428,14729,70631, 78233,701

34,88335,79136,730

Mate-rialsandsup-plies

8,3178,167

8,5568,9718,7758,6719,089

9,1139,4649,841

10,00310,185

10,48811,22011,73512, 30412,817

13,17213,52613,736

Workin

process

2,4722,440

2,5712,7212,8642,8002,928

2,9353,1933,3043,4103,519

3,8234,2374,4284,8495,151

5,2395,3405,600

Fin-ishedgoods

7,4097,415

7,6668,6228,6248,4988,857

9,3539,773

10,46310,81711,246

11,68312,69013,54314,62915,733

16,47216,92517,394

Seasonally adjusted

53,13954,01754,80254,97855,50756,104

55,48256,65055, 68255,94357,44457,740

59,18959,19960,33561,21961,41361,231

61,63563,35263,90364,72566, 553

28,50128,96129,62829,51729,99030,370

29,79830,83529,79930,03330,79230,913

31,96532,04132,68333,58133,70533,129

33,82534,71035,03736,08636,75036,200

24,63825,05625,17425,46125,51725,734

25,68425,81525,88325,91026,65226,827

27,22427,15827,65227,63827,70828,102

27,81028,64228,86628,63929,803

101,901101,757101,782101,643101,866101,614

101,317101,280101,413101,736101,699101,665

101,796102,161102,450102,428102,822103,505

103,888105,138105,441106,008106,371

66,80866,71566,74366,69866,78066,400

66,17866,09366,11766,02565,87765,874

66,18766,42266,60466,57567,03567,427

67,64568,54268,83469,33069,641

19,10919,09319,04319,39619,63219, 702

19,90819,73219,36719,20819,11819,146

19,13819,09818,97918,93918,99518,804

19,25619,51919,46819,70119,812

30,21130,03829,98229,78529,74129,427

29, 21629,29229,54329,56429,64829,645

29,86330,05830,23130,24030,56230,982

30,78631,15331,52932,07032,321

17,48817,58417,71817,51717,40717,271

17,05417,06917,20717,25317,11117,083

17,18617,26617,39417,39617,47817,641

17,60317,87017,83717,55917,508

35,09335,04235,03934,94535,08635, 214

35,13935,18735,29635,71135,82235,791

35,60935,73935,84635,85335,78736,078

36,24336,59636,60736,67836,730

13,15813,16813,08313,08113,07013,189

13,15613,18913, 24313,39813,46213,526

13,52613,65913,46813,49913,46413,635

13,59613,67113,71113,67813,736

5,2455,2415,2645,2405,2925,277

5,2825,2655,2825,3025,3225,340

5,3545,3635,5555,4625,3815,412

5,4335,4925,5525,6055,600

16,69516,63316,69216,62416,72416,748

16,70116,73316,77117,01117,03816,925

16,72916,71716,82316,89216,94217,031

17, 21417,43317,34417,39517,394

1 Monthly average for year and total for month.> Book value, seasonally adjusted, end of period, except as noted.3 Data prior to 1961 not completely comparable with later data. See Department of Commerce, Bureau of the Census,

"Series M3-1.1," September 1968.4 Based on seasonally adjusted data through November.



TABLE C-43.—Manufacturers* new and unfilled orders, 1947-72

(Amounts in millions of dollars]

Year or month

New orders i

Total

Durable goodsindustries

Total

Capitalgoodsindus-tries,non-

defense

Non-dura-ble

goodsindus-tries

Unfilled orders'

Total

Dura-ble

goodsindus-tries

Non-dura-ble

goodsindus-tries

Unfilled orders-shipments ratio 3

Total

Dura-ble

goodsindus-tries

Non-dura-ble

goodsindus-tries

1947.1948.1949.

1950..1951..1952..1953..1954..

1955..1956..1957..1958..1959..

I960..19614.1962..1963..1964..

1965..1966..1967..1968..1969..

1970..1971..1972 5.

1971: Jan. . .Feb...Mar...Apr...May...June..

July...Aug...Sept..Oct.. .Nov...Dec...

1972: Jan. . .Feb...Mar...

May"!June..

July...Aug...Sept..Oct...NOVP.Dec*.

15,25617,69215,614

20,11023,90723,20323,53322,313

27,42328, 38327,51426,90130,679

30,11531,08633,00535,32237,952

41, 80345,94446, 76350, 26753,645

51,66355, 47363,062

6,3888,1266,633

10,16512,84112,06112,10510,743

14,95415,38114,07313,17015,951

15,22315,69917,02518,52120,258

22,98625,72025, 52627,69029, 548

27,16229, 76834,878

6,9717,694

6,8227,3989,020

8,8689,5668,981

9,94511,06611,14211,42811,570

12,46913,00213,44113,73114,728

14,89215,38715,98016,80117,694

18,81720, 22421, 23822, 57724, 097

24, 50025, 70528,185

34,41530,71724,506

43,05569,78575,64961,17848,266

60,00467,37553,18348,88254,494

46,13348,39547,30750,94058,506

68,14681,02984, 57684, 28385,315

74, 32273, 00483,947

28,53226,60120,018

36,83865,83572,48058,63745,250

56,24163,88050,35245,73950,654

43,40145,24144,48547,95855,623

64,92077,96481, 48881, 34882, 372

71,36169,90180,047

5,8834,1164,488

6,2173,9503,1692,5413,016

3,7633,4952,8313,1433,840

2,7323,1542,8222,9822,883

3,2263,0653,0882,9352,943

2,9613,1033,900

3.42

3.633.873.352.602.85

2.582.522.462.402.49

2.622.932.802,722.60

2.372.132.11

Seasonally adjusted

53,74254, 28154, 79354, 20654, 45454,728

55,19057,12255, 48956,29057,99257, 883

59, 87159, 79261,09761,68562,01263, 734

62, 27064, 40965,77665,45467,587

4.12

4.274.554.003.493.44

3.213.012.952.892.99

3.123.513.363.283.14

2.882.572.51

29,07929, 24629, 56628,75128,97428,971

29,48631,33529,65330,32131, 29431,001

32, 55432, 46633,32834,00534,30235,613

34, 43035,72736, 85136,75937,61936,879

6,8826,8107,1217,0097,2567,516

7,2137,4927,4717,8597,9328,131

8,1668,1968,5288,7859,0369,228

9,1009,2119,5199,6949,7629,944

24,66325,03525, 22725,45525, 48025, 757

25, 70425, 78725, 83625,96926,69826, 882

27,31727, 32627,76927,68027, 71028,121

27, 84028,68228,92528,69529,968

74,92575.18975,18074, 40873, 35571,979

71,68772,15971,96672, 31372, 86173,004

73,68674, 27975, 03975, 50676,10378,608

79, 24180, 29982,18082,90683,947

71,93972, 22472,16271, 39670,38068,981

68,66969,16969,02369,31169, 81369,901

70,49070,91571, 55871,98372, 57975,064

75,66776,68678, 50679,17480,04780, 726

2,9862,9653,0183,0122,9752,998

3,0182,9902,9433,0023,0483.103

3,1963,3643,4813,5233,5243,544

3,5743,6133,6743,7323,900

2.392.382.322.292.222.15

2.172.222.202.182.152.13

2.092.102.082.062.062.14

2.142.122.142.122.11

2.902.882.802.762.672.58

2.622.712.682.652.602.57

2.522.542.512.462.472.58

2.582.542.572.522.51

0.96

1.121.04.85.55.88

.63

.72

.65

.63

.57

.60

.56

.52

.47

.45

.45

.44

.49

0.46.45.45.45.44.44

.45

.43

.43

.43

.44

.44

.44

.46

.46

.47

.47

.46

.47

.47

.48

.49

.49

* 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, except as noted.< Data prior to 1961 not completely comparable with later data. Comparable data for new orders (total, durable, and

nondurable) are available for 1958, 1959, and 1960 only. See Department of Commerce, Bureau of the Census, "SeriesM3-1.1," September 1968, for these data.

* Based on seasonally adjusted data through November.



PRICES

TABLE C—44.—Consumer price indexes by expenditure classes, 1929—72

For urban wage earners and clerical workers

[1967=1001

Year or month Allitems Food

Housing

Total Rent

Appareland

upkeep

Trans-porta-tion

Medicalcare

•ersonalcare

Readingand

recrea-tion

Othergoodsand

services

1929..

1933..

1939..

1940..1941..1942..1943..1944..1945..1946,.1947..1948..1949..

1950..1951..1952..1953..1954..1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964..1965..1966..1967..1968.1969.

1970.1971.1972.


July..Aug..Sept.Oct..Nov..D e c

1972: Jan..Feb..Mar..Apr..May-June-

July..Aug..Sept.Oct...Nov..Dec.

51.3

38.8

41.6

42.044.148.851.852.753.958.566.972.171.4

72.177.879.580.180.580.281.484.386.687.3

88.789.690.691.792.994.597.2

100.0104.2109.8

116.3121.3125.3

119.2119.4119.8120.2120.8121.5

121.8122.1122.2122.4122.6123.1

123.2123.8124.0124.3124.7125.0

125.5125.7126.2126.6126.9127.3

48.3

30.6

34.6

35.238.445.150.349.650.758.170.676.673.5

74.582.884.383.082.881.682.284.988.587.1

88.089.189.991.292.494.499.1

100.0103.6108.9

114.9118.4123.5

115.5115.9117.0117.8118.2119.2

119.8120.0119.1118.9119.0120.3

120.3122.2122.4122.4122.3123.0

124.2124.6124.8124.9125.4126.0

52.2

52.453.756.256.858.159.160.665.269.870.9

72.877.278.780.881.782.383.686.287.788.6

90.290.991.792.793.894.997.2

100.0104.2110.8

118.9124.3129.2

122.7122.6122.4122.5123.2124.0

124.5125.1125.5125.9126.4126.8

127.3127.6127.9128.2128.5129.0

129.5129.9130.2130.4130.8131.2

76.0

54.1

56.0

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

110.1115.2119.2

112.9113.6113.9114.4114.7115.2

115.4115.8116.1116.4116.6116.9

117.5117.8118.0118.4118.6119.0

119.2119.6119.9120.3120.5121.0

48.5

36.9

42.4

42.844.852.354.658.561.567.578.283.380.1

79.086.185.384.684.584.185.887.387.588.2

89.690.490.991.992.793.796.1

100.0105.4111.5

116.1119.8122.3

117.6118.1118.6119.1120.2120.1

119.3119.0120.6121.6121.9121.8

120.2120.7121.3121.8122.5122.1

121.1120.8123.1124.3125.0125.0

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

112.7118.6119.9

117.5117.5117.8118.1118.8119.6

119.4119.3118.6119.3118.7118.5

118.9118.3118.4118.6119.5119.8

120.2120.5121.0121.2121.4121.3

36.7

36.837.038.039.941.142.144.448.151.152.7

53.756.359.361.463.464.867.269.973.276.4

79.181.483.585.687.389.593.4

100.0106.1113.4

120.6128.4132.5

124.9125.8126.8127.5128.1128.6

129.3130.0130.4129.6129.7130.1

130.5131.0131.4131.7132.0132.4

132.7132.9133.1133.9134.1134.4

40.3

40.241.245.249.953.455.159.066.068.568.3

68.374.775.676.376.677.981.184.186.988.7

90.190.692.293.494.595.297.1

100.0104.2109.3

113.2116.8119.8

115.3115.4115.8116.3116.5116.8

117.1117.5117.6117.9117.9117.9

118.1118.4118.7119.1119.7120.0

120.0120.2120.5120.8121.0121.5

45.3

46.147.750.054.160.062.464.568.772.274.9

74.476.676.977.776.976.777.880.783.985.3

87.389.391.392.895.095.997.5

100.0104.7108.7

113.4119.3122.8

117.3117.5117.7118.4118.9119.3

119.6119.7120.5120.5120.8121.1

121.4121.5121.7122.3122.5122.9

123.0123.0123.7124.0124.1124.0

46.9

48.349.250.753.354.756.958.863.866.868.7

69.972.876.678.579.879.881.083.384.486.1

87.888.589.190.692.094.297.2

100.0104.6109.1

116.0120.9125.5

118.9119.1119.4119.7119.9120.3

121.2121.8122.4122.6122.8123.0

123.5124.3124.6125.1125.4125.6

125.8126.0126.2126.4126.4126.5


244


TABLE C-45.—Consumer price indexes by commodity and service groups, 1939-72

For urban wage earners and clerical workers

[1967=100]

Year ormonth

Allitems

Commodities

Allcom-modi-ties

Food

Commodities less food

Alt Dura-ble

Non-dura-

ble

Services

Allervices Rent

Serv-iceslessrent

Special indexes

Allitemslessfood

Allitemsless

shel-ter

Non-dura-

blecom-mod-ities

1939

194019411942..194319441945.1946.194719481949

1950195119521953195419551956195719581959

196019611962.1963196419651966196719681969

1970.1971.1972

1971: J a n . . .Feb . . .Mar . . .Apr . . .May. . .June..

July. . .Aug. . .Sept..Oct._.Nov.. .Dec. . .

1972: Jan._ .Feb. . .Mar . . .Apr . . .May...June..

July—Aug...Sept. .Oct__.Nov...Dec...

41.6

42.044.148.851.852.753.958.566.972.171.4

72.177.879.580.180.580.281.484.386.687.3

88.789.690.691.792.994.597.2

100.0104.2109.8

116.3121.3125.3

119.2119.4119.8120.2120.8121.5

123.2123.8124.0124.3124.7125.0

125.5125.7126.2126.6126.9127.3

40.2

40.643.349.654.054.756.362.475.080.478.3

78.885.987.086.785.985.185.988.690.690.7

91.592.092.893.694.695.798.2

100.0103.7108.4

113.5117.4120.9

115.4115.5116.1116.6117.2117.9

121.8122.1122.2122.4122.6123.1

118.1118.2118.1118.4118.5118.9

118.7119.4119.7119.9120.3120.7

121.2121.4122.0122.3122.7122.9

34.6

35.238.445.150.349.650.758.170.676.673.5

74.582.884.383.082.881.682.284.988.587.1

88.089.189.991.292.494.499.1

100.0103.6108.9

114.9118.4123.5

115.5115.9117.0117.8118.2119.2

119.8120.0119.1118.9119.0120.3

120.3122.2122.4122.4122.3123.0

124.2124.6124.8124.9125.4126.0

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

112.5116.8119.4

115.2115.2115.5115.8116.6117.1

117.0117.1117.4118.0118.1118.1

117.7117.8118.2118.5119.2119.4

119.4119.5120.3120.8121.0121.1

48.5

48.151.458.460.365.970.974.180.386.287.4

95.196.495.793.391.591.594.495.997.3

96.796.697.697.998.898.498.5

100.0103.1107.0

111.8116.5118.9

115.2115.0115.2115.7116.6117.4

117.5116.9116.4117.1117.4117.2

117.3117.1117.3117.7118.4119.2

119.6119.7119.8120.1120.3120.3

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

113.1117,0119.8

115.3115.4115.7116.0116.6116.9

116.7117.2118.2118.7118.7118.8

118.1118.4118.9119.1119.7119.5

119.3119.4120.8121.3121.7121.7

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

121.6128.4133.3

126.3126.6126.6126.8127.5128.2

128.8129.3129.8129.9130.3130.7

131.5131.8132.1132.4132.7133.1

133.5133.8134.1134.6134.9135.4

56.0

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

110.1115.2119.2

112.9113.6113.9114.4114.7115.2

115.4115.8116.1116.4116.6116.9

117.5117.8118.0118.4118.6119.0

119.2119.6119.9120.3120.5121.0

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

123.7130.8135.9

128.7129.0128.9129.1129.8130.6

131.2131.8132.3132.4132.8133.3

134.1134.4134.6135.0135.3135.7

136.1136.4136.7137.2137.6138.0

47.2

47.348.752.153.655.756.959.464.969.670.3

71.175.777.579.079.579.781.183.885.787.3

89.790.892.093.294.596.7

100.0104.4110.1

116.7122.1125.8

120.3120.4120.6120.9121.6122.2

122.4122.7123.1123.5123.7123.9

124.0124.2124.5124.9125.4125.7

125.9126.1126.7127.1127.4127.6

39.7

39.942.447.751.352.253.659.068.573.972.6

73.179.280.881.081.080.681.784.486.987.6

88.989.990.992.193.294.697.4

100.0104.1109.0

114.4119.3122.9

117.0117.4118.0118.6119.2119.8

120.0120.2120.2120.3120.4120.9

120.9121.5121.8122.0122.4122.7

123.1123.2123.8124.2124.6124.8

38.4

38.941.647.651.852.253.759.671.977.274.9

75.482.583.483.283.282.583.786.388.688.2

89.490.290.992.093.094.698.1

100.0103.9108.9

114.0117.7121.7

115.4115.7116.4116.9117.4118.1

118.3118.6118.7118.8118.9119.5

119.2120.3120.6120.7121.0121.2

121.7122.0122.8123.1123.5123.8



T A B L E C—46.—Consumer price indexes, selected commodities and services, 1939—72

For urban wage earners and clerical workers[1967=1001

Year or month

1939

1940194119421943194419451946 .194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970 . . .19711972


JulyAug.. .

NovDec


JulyAugSeptOct.NovDec

Durable commodities

Total i

48.5

48.151.458.460.365.970.974.180.386.287.4

88.495.196.495.793.391.591.594.495.997.3

96.796.697.697.998.898.498.5

100.0103.1107.0

111.8116.5118.9

115.2115.0115.2115.7116.6117.4

117.5116.9116.4117.1117.4117.2

117.3117.1117.3117.7118.4119.2

119.6119.7119.8120.1120.3120.3

Newcars

43.2

43.346.6

69.275.682.8

83.487.494.995.894.390.993.598.4

101.5105.9

104.5104.5104.1103.5103.2100.999.1

100.0102.8104.4

107.6112.0111.0

115.4115.2114.3113.8113.9113.9

113.8109.3105.6109.1109.6110.4

112.2111.9111.7111.7111.4111.3

111.0110.6109.6110.1110.2110.6

Usedcars

89.275.971.869.177.480.289.5

83.686.994.896.0

100.199.497.0

100.0

103.1

104.3110.2110.5

107.0105.5106.8109.8112.8114.1

113.5112.5111.6111.7110.2107.2

105.3103.0103.9106.4110.0112.0

112.7112.4113.6115.2116.0115.0

House-hold

dura-bles

56.6

55.959.866.969.576.081.886.595.6

101.799.0

100.2109.8106.9105.7102.9100.199.7

101.4102.1102.0

101.9100.7100.6100.3100.298.798.6

100.0103.3107.4

110.2112.9115.0

111.5111.8112.1112.4112.7113.1

113.2113.4113.5113.6113.6113.7

113.7113.6114.1114.4114.8115.1

115.3115.4115.6115.8116.0116.2

Nondurable commod-ities less food

Total

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

113.1117.0119.8

115.3115.4115.7116.0116.6116.9

116.7117.2118.2118.7118.7118.8

118.1118.4118.9119.1119.7119.5

119.3119.4120.8121.3121.7121.7

Ap-parelcom-mod-ities

43.0

43.545.853.555.959.863.069.580.485.482.0

81.188.787.786.786.385.887.388.288.289.0

90.390.891.292.092.893.696.0

100.0105.6111.9

116.5120.1122.7

117.8118.3118.8119.3120.5120.4

119.5119.1120.9122.0122.4122.2

120.3120.9121.6122.1122.9122.4

121.3120.9123.5124.9125.6125.5

Non-dura-bleslessfoodand

apparel

46.3

46.848.451.153.254.755.858.266.272.372.4

72 977.579.081.081.882.184.187.488 389.6

90.991.392.193.193.995.597.5

100.0103 3107.0

111.2115.2118.2

113.8113.8114.0114.0114.3114.9

115.1116.2116.6116.8116.5116.8

116.8117.0117.3117.4117.9117.9

118.2118.6119.3119.3119.4119.5

Services less rent

Total

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

123.7130.8135.9

128.7129.0128.9129.1129.8130.6

131.2131.8132.3132.4132.8133.3

134.1134.4134.6135.0135.3135.7

136.1136.4136.7137.2137.6138.0

House-holdserv-iceslessrent

71.275.479.481.6

85.086.087.189.090.492.195.7

100.0105.9115.3

126.8132.6139.2

131.6131.0130.1129.7130.7131.6

132.5133.5134.1134.6135.3136.0

136.9137.3137.6138.0138.4138.8

139.5140.0140.3140.7141.3141.9

Trans-porta-tion

serv-ices

36.1

36.136.338.238.238.238.239.040.344.950.0

53.358.3-62.466.469.269.470.573.878.581.2

83.385.386.687.589.692.996.8

100.0104.0111.3

123.1133.0136.0

129.5131.3131.9132.9133.0134.0

134.2134.0133.7133.8133.9134.1

135.6135.6135.4135.6135.8136.0

136.3136.3136.3136.2136.3136.4

Med-icalcareserv-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

74.977.780.282.684.687.392.0

100.0107.3116.0

124.2133.3138.2

129.3130.2131.4132.2132.9133.5

134.4135.1135.6134.6134.8135.3

135.8136.4136.9137.3137.6138.0

138.4138.6138.9139.9140.1140.5

Other 3

71.173.976.278.0

80.883.485.687.790.192.696.2

100.0105.6110.6

116.7122.5125.8

120.7120.9121.2121.5122.0122.5

122.6122.8123.7123.8124.0124.0

124.3124.5124.7125.1125.3125.6

125.8125.9126.7127.0127.4127.7

i Includes certain items not shown separately.s Includes the services components of apparel, personal care, reading and recreation, and other goods and services.3 Not available.Source: Department of Labor, Bureau of Labor Statistics.

246


T A B L E C—47.—Consumer price indexes, seasonally adjusted, 1970—72

(1967=100, seasonally adjusted]

Year and month

1970: JanFeb.MarAprMayJune

JulyAugSeptOctNov.Dec


JulyAugSeptOctNov..Dec

1972:JanFebMarAprMayJune

July.Aug...SeptOctNovDec

Special indexes

Allitemslessfood

113.4114.1114.7115.4116.0116.5

117.0117.3118.0118 7119.4120.1

120.4120.6120.7120.9121.6122.1

122.4122.8123 1123.3123.5123.8

124.1124.4124.6124.9125.4125.6

125.9126.2126.7126.8127.1127.5

Allitemsless

shelter

112.2112.6112.9113.5113.9114.2

114.6114.8115.4116.0116.4116.8

117.2117.6118.1118.5119.1119.6

119.8120.1120.2120.3120.5120.9

121.1121.7121.9121.9122.3122.5

122.9123.1123.8124.2124.7124.8

Allitemslessmed-icalcare

113.2113 9114.4115.1115.6115.9

116.3116.7117.2117 8118.3118.7

119.0119.3119.5119.9120.4121.0

121.3121.6121.7121.9122.2122.6

122.9123.6123.7124.0124.3124.5

125.0125.3125.9126.1126.6126.8

Commodity groups

Allcom-mod-ities

111.4112 0112.2112.7113.1113.3

113.6113.7114.2114 7115 0115.5

115 6115.8116.3116.6117.2117.7

117.9118.1118 2118 3118.5118.8

118.9119.8119.9119.9120.3120.5

121.0121.3122.1122.2122.7122.8

Food

113.6114.4114.4114.7115.0114.9

115.0115.1115.6115 6115.7115.5

115.6116.2117.2117.9118.3118.8

119.0119.3119.0118.9119.8120.5

120.4122.6122.6122.5122.4122.6

123.3123.9124.7124.9126.3126.3

Commodities lessfood

Total

110.2110.6110.8111.5112.0112.4

112.6112.9113.5114 0114 5115.3

115 4115.5115.7115.9116.6116.9

117.1117.5117 5117.5117.5117.7

117.9118.2118.4118.6119.2119.2

119.5119.9120.4120.3120.4120.7

Dur-able

109.0109 3109.8110.2111.0111.6

111.9112.3113.1113 7114 2115.1

115 2115.3115.7115.9116.5116.9

117.3117.0117.0116.9116.9117.0

117.3117.5117.8117.9118.3118.7

119.4119.8120.4119.9119.8120.1

Non-dur-able

111.0111 5111.7112.4112.7112.9

113.3113.3113.9114 4114.8115.4

115 6115.7115.9116.1116.6116.9

117.1117.7118 0118 1118 1118.4

118.5118.8119.1119.2119.7119.5

119.7119.9120.6120 7121.1121.3

Selected expenditure classes

ter

118.5119.7121.1122.0122.8123.6

124.0124.8125.8126.4127.0127.8

128.1127.7126.6126.5127.5128.4

128.8129.4129.9130.5131.0131.5

132.5133.0132.7133.1133.8134.2

135.0135.4135.6135.9135.9136.7

Fuel

utili-ties

105.0105 3105.9106.5106.8106.8

107.6108.0108.6109.5110.6111.2

112.0113.0113.6113.9114.3114.8

115.6116.0116.3116.5116.3117.4

118.3118.9119.1119.4119.7120.0

120.1120.1120.8121.1121.5121.7

Ap-parelandup-

keep

114.2114 6114.8115.1115.4115.9

116.0116.4117.0117.4117.9118.4

118.4118.7118.8119.2119.8119.9

120.0120.1120.4120.6120.7121.0

121.0121.3121.5121.9122.1121.9

121.8121.9122.9123.3123.8124.1

Trans-por-

tation

109.5110.0109.9111.2111.9112.4

113.2112.9113.8115.0115.9116.9

117.1117.6118.0118.2118.6119.1

119.2119.5119.6119.1118.7118.4

118.5118.4118.6118.7119.3119.3

120.0120.7122.0121.0121.4121.2

Med-ical

care

116.5117.2118.0118.9119.5120.4

121.2121.8122.4123.2123.8124.6

125.2125.9126.5127.2127.8128.5

129.0129.7130.1130.0130.2130.5

130.8131.1131.1131.4131.7132.3

132.4137.6132.8134.3134.6134.8



TABLE C-48.—Wholesale price indexes by major commodity groups, 1929-72

[1967=1001

Year or month

1929

1933

1939 .

19401941. . . .194219431944. . . .1945194619471948 .1949

195019511952.. .195319541955 .1956195719581959

I96019611962 .19631964 ,_19651966 . . .196719681969

197019711972


JulyAugSeptOct . .NovDec

1972: JanFebMarAprMay.. .June

J u l y . . .Aug. . _Sept.Oct.Nov .Dec

All com-modities

49 1

34.0

39.8

40.545.150.953.353.654.662.376.582.878.7

81.891 188.687.487.687.890.793.394.694.8

94.994.594.894.594.796.699.8

100.0102.5106.5

110.4113.9119.1

111.8112.8113.0113.3113.8114.3

114.6114.9114.5114.4114.5115.4

116.3117.3117.4117.5118.2118.8

119.7119.9120.2120.0120.7122.9

Farm products and processedfoods and feeds

Total

94.3101.589.6

93.9106 9102.796.095.791.290.693.798.193.5

93.793.794.793.893.297.1

103.5100.0102.4108.0

111.6113.8122.4

110.7113.6113.4113.3114.3115.4

115.0114.6113.0113.0113.6115.9

117.4119.6119.1118.3120.0121.3

124.0123.8124.5123.3125.3132.6

Farmproducts

64 1

31.4

40.0

41.450.364.875.075.578.590.9

109.4117.5101.6

106.7124.2117.2106.2104.798.296.999.5

103.997.5

97.296.398.096.094.698.7

105.9100.0102.5109.1

111.0112.9125.0

108.9113.9113.0113.0114.0116.0

113.4113.2110.5111.3112 2115.8

117.8120.7119.7119.1122.2124.0

128.0128.2128.6125.5128.8137.5

Proc-essedfoodsand

feeds

82.988.780.6

83.492.791.687.488.985.084.987.491.889.4

89.591.091.992.592.395.5

101.2100.0102.2107.3

112.0114.3120.8

111.8113.3113.7113.5114.5114.9

116.0115.4114.6114.1114.4115.9

117.2118.8118.6117.7118.6119.6

121.5121.0121.8121.8123.1129.4

Industrial commodities

Total

48.6

37.8

43.3

44.047.350.751.552.353.058.070.876.975.3

78.086.184.184.885.086.990.893.393.695.3

95.394.894.894.795.296.498.5

100.0102.5106.0

110.0114.0117.9

112.2112.5112.8113.3113.7113.9

114.5115.1115.0115.0114.9115.3

115.9116.5116.8117.3117.6117.9

118.1118.5118.7118.8119.1119.4

Textileproducts

andapparel

103.6108.198.9

102.7114.6103.4100.898.698.798.798.897.098.4

99.597.798.698.599.299.8

100.1100.0103.7106.0

107.2108.6113.6

106.9106.7106.9107.5107.8108.5

109.2109.7109.7109.6109.8110.6

111.3112.0112.1112.6113.3113.6

114.0114.1114.3114.8115.1115.6

Hides,skins,

leather,and

relatedproducts

48 9

36.3

42.8

45.248.452.852.752.252.961.183.384.279.9

86.399.180.181.377.677.381.982.082.994.2

90.891.792.790.090.394.3

103.4100.0103.2108.9

110.1114.0131.3

111.7112.4112.5114.0114.4114.2

114.2114.4114.7114.7115.1116.2

117.8119.1123.0127.2129.5130.9

131.6134.6135.7139.8144.0142.2

Fuelsand

relatedproducts,

andpower

59 4

47.6

52.3

51.454.656.257.859.560.164.476.990.586.2

87.190.390.192.691.391.294.099.195.395.3

96.197.296.796.393.795.597.8

100.098.9

100.9

105.9114.2118.6

113.5113.0112.8113.0114.2114.4

114.4114.8115.3114.8114.7115.0

116.0116.1116.5116.9117.5118 2

118.6119.7120.3120.6121.3121.9

Chemicalsand alliedproducts

47.4

51.5

52.457.063.364.164.865.270.593.795.987.6

88.9101.796.597.798.998.599.1

101.2102.0101.6

101.8100.799.197.998.399.099.4

100.099.899.9

102.2104.2104.2

103.8104.2104.5104.5104.3104.4

104 4104.3104.3104.2103.8103.4

103.4103.5103.4104.1104.4104.3

104.2104.4104.4104.4104.7104.8

See footnote at end of table.


TABLE C-48.—Wholesale price indexes by major commodity groups, 1929-72—Continued

(1967=100]

Year or month

1929

1933

1939

1940194119421943194419451946194719481949

1950 . .195119521953195419551956195719581959

I960196119621963196419651966196719681969

197019711972

1971- JanFebMarAprMayJune

JulyAugSeptOctNov . . .Dec

1972- JanFebMarAprMayJune _ . _

July . .Aug . .SeptOctNovDec.

Industria! commodities—Continued

Rubberand

plasticproducts

59.4

40.2

61.2

57.161.571.673.672.770.570.870.572.870.5

85.9105.495.589.190.4

102.4103.8103.4103.3102.9

103.199.296.396.895.595.997.8

100.0103.4105.3

108.6109.2109.3

108.4109.1109 1109.0108.7108.7

109.7109.8109.7109 5109 5109.4

109 5109.2108.9108.7108.8108.9

109.2109.5109.5109.5109.8109.8

Lumberand

woodproducts

25.0

19.0

24.8

27.432.735.637.740.641.247.273.484.077.7

89.397.294 494.392.697.198.593.592.498.8

95.391.091.693.595.495.9

100 2100.0113.3125.3

113.7127.0144.3

112.2117.5123 4124.6124.9126.1

130.6134.6134.3131 8131.3132.7

134 9137.7139.5141.1142.7144.2

146.1148.1148.5149.2149.4149.8

Pulp,paper,and

alliedproducts

72.575.772.4

74.388.085 785.585.587.893.695.496.497.3

98.195.296.395.695.496.298 8

100.0101.1104.0

108.2110.1113.4

109.0109.3109 3109.6109.9110.2

110.5110.6110.6110 6110.6110.7

110.8111.6112.3112.8113.2113.5

113.7114.1114.3114.7115.0115.1

Metalsand

metalproducts

40.2

30 7

37.6

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

116.7119 0123.5

116.5116.4116 5117.8118.5118.5

119.4121.1121.1121.0120.9120.8

121.4122.6123.4123.5123.6123.6

123.5123.7124.0124.1124.1124.4

Machin-ery andequip-ment

41.3

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

111.4115.5117.9

114.2114.6114 9115.0115.3115.5

115.7116.1116.0116.0115.9116.2

116.5117.1117.3117.6117.9118.1

118.3118.3118.3118.4118.5118.6

Furni-ture andhouse-hold

durables

55.8

44 6

52.6

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

107.5109.9111.4

109.3109.7109.6109.7109.9109.8

110.0110.2110.2110.2110.2110.2

110.2110.8110.9111.0111.1111.2

111.4111.7112.0112.0112.3112.4

Nonme-tallic

mineralproducts

51.2

47.2

49.1

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

113.3122.4126.1

118.8119.0120 9121.6121.8122.2

123.3124.2124.2124.1124.0124.2

124.3124.6124.8125.6125.9125.8

126.2126.7126.9127.3127.3127.4

Trans-portationequip-ment:Motor

vehiclesand

equip-ment i

41.9

34 8

39.1

40.443.247 247.247 548 356.064 170.875.7

75.379.484 083.683.886.391 295.198.1

100.3

98.898 698.697.898.398.598 6

100.0102.8104.8

108.5114.7118.0

113.9114.1113.8114.1114.2114.4

114.7114.9113.8115.2115.3117.5

117.9118.0118.0118.0118.1118.5

118.4118.5118.5116.9117.0118.4

Miscel-laneousproducts

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

109.9112.8114.6

112.3112.6112.8112.7112.5112.6

112.8113.0113.0113.0113.1113.2

113.7114.0114.2114.1114.1114.2

114.9115.1115.2115.0115.0115.1

i Index for total transportation equipment is not shown but is available beginning December 1968.



TABLE C-49.— Wholesale price indexes by stage of processing, 1947-72

[1967=1001

Year or month

194719481949

19501951195219531954

19551956195719581959

I9601961196219631964

1965 . -1966196719681969

197019711972

1971:Jan.FebMarAprMayJune

JulyAugSeptOct . . .NovDec



Allcom-modi-ties

76.582.878.7

81.891.188.687.487.6

87.890.793.394.694.8

94.994.594.894.594.7

96.699.8

1C0.0102.5106.5

110.4113.9119.1

111.8112.8113.0113.3113.8114.3

114.6114.9114.5114.4114.5115.4

116.3117.3117.4117.5118.2118.8

119.7119.9120.2120.0120.7122.9

Crude materials

Total

101.2110.996.0

104.6120.1110.3101.9101.0

97.197.699.8

102.099.4

97.096.597.595.494.5

99.3105.7100.0101.6108.4

112.2115.0127.6

110.7115.9114.3115.2115.8116.9

116.6115.2113.9114.3114.3117.0

120.2123.1123.1123.0125.5127.2

130.1130.3130.3129.2130.4138.3

Food-stuffsand

feed-stuffs

111.7120.8100.3

107.6124.5117.2104.9104.9

95.193.197.2

103.096.2

95.193.895.792.990.8

97.1105.9100.0101.3109.3

112.1114.2127.5

108.9116.4114.0114.4115.4117.1

116.6114.5112.1112.6112.7115.8

119.3122.9122.0121.0124.0126.7

131.2130.7131.4129.6129.9140.7

Non-food

mate-rials

exceptfuel

90.6100.791.6

104.7120.7104.6100.198.2

103.8107.6106.2102.2105.8

101.4102.5102.0100.7102.4

104.5106.7100.0102.1106.9

109.8110.5121.9

108.9109.8109.4110.6110.3110.1

110.4110.2111.1111.1111.1112.8

115.4117.3119.5121.3123.2122.7

122.6124.2122.2122.3124.7127.2

Fuel

66.678.778.3

77.979.479.982.779.0

78.884.489.290.391.9

92.892.692.193.292.8

93.596.3

100.0102.3106.6

122.3138.5148.7

134.4133.4134.5138.5139.0139.4

139.7139.3140.3140.6140.6142.7

145.4145.6146.2146.9147.3147.2

147.5148.5149.1149.9154.4156.3

Intermediate materials, supplies, and componentsl

Total

72.478.375.2

78.688.185.586.086.5

88.192.094.194.395.6

95.695.094.995.295.5

96.899.2

100.0102.3105.9

109.8114.0118.7

111.5111.8112.6113.1113.6114.0

114.8115.6115.4115.0115.0115.4

115.9116.7117.2117.7118.2118.5

118.8119.2119.7119.9120.6122.3

Materials and components formanufacturing

Total

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

100.0102.2105.7

110.0113.0117.0

110.6110.9111.4112.1112.6112.8

113.6114.6114.4114.2114.2114.4

114.9115.7115.9116.4116.9117.1

117.3117.5117.7118.0118.2118.8

r

Forfood

manu-factur-

ing

94.096.983.3

86.796.692.993.092.2

89.389.791.393.490.0

91.194.092.096.695.2

97.6101.9100.0101.5107.1

112.9116.2119.9

113.2114.9115.5115.2116.2116.3

117.5118.3117.1116.6116.8117.3

117.9119.4118.6117.8118.5119.2

120.1119.8120.3121.2120.9125.1

Materials

Fornon-

durablemanu-factur-

ing

95.2100.891.9

96.5111.8100.699.898.2

98.6100.1101.4100.4102.1

102.199.999.398.499.1

100.0100.8100.0101.3102.4

104.0105.6109.4

104.0104.4104.8105.4105.5105.9

106.1106.3106.2105.9105.9106.3

107.0107.4107.5108.7109.3109.6

109.7110.0110.2110.7111.3111.8

Fordurablemanu-factur-

ing

54.461.463.1

66.774.174.377.679.3

83.388 591.492.094.2

94.393.092.993.094.8

96.898.6

100.0103.3109.1

115.1118.8123.8

114.7114.8115.9117.2118.0118.1

119.6121.7121.6121.4121.2121.0

121.5122.7123.3123.7123.9123.8

123.8124.3124.6124.6124.6124.7

Com-ponents

58.363.064.2

66.675.675.777.177.5

80.988.391.892.593.6

93.192.291.591.592.3

93.897.1

100.0102.3105.6

111.1114.7117.6

113.6113.6113.6113.8114.1114.5

114.9115.5115.6115.4115.6115.8

116.0116.5116.6117.0117.6118.0

118.1118.2118.1118.1118.2118.2

Mate-rialsand

com-ponentsfor con-struc-tion

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

100.0104. S110.7

112.6119.5126.2

114.1115.4117.3118.0118.5119.2

120.8122.5122.5121.9121.8122.3

123.1124.2124.9125.5125.9126.3

126.7127.2127.4127.7127.8127.9



TABLE C-49.—Wholesale price indexes by stage of processing, 1947-72—Continued

11967=100]

Year or month

Finished goods

Total

Consumer finished goods

Total FoodsOthernon-

durablegoods

Dur-ablegoods

Pro-ducer

finishedgoods

Special groups of industrialproducts

Crudemate-rials a

Inter-mediate

materials,supplies,and com-ponents 3

Con-sumer

finishedgoods

excludingfoods

194719481949

19501951195219531954

1955,1956195719581959

19601961196219631964

19651966196719681969

197019711972

1971:Jan..Feb.Mar.Apr.May.June

July.Aug.Sept.Oc t .Nov.Dec.

1972:Jan..Feb.Mar.Apr.May.June.

July.Aug.Sept.Oct._Nov.Dec .

74.079.977.6

79.086.586.085.185.3

85.587.991.193.293.0

93.793.794.093.794.1

95.798.8

100.0102.9106.6

110.4113.5117.2

112.2112.8112.9112.9113.5113.8

113.8114.1113.6113.8114.0115.0

115.5116.3116.1115.8116.4116.9

117.8117.9118.2117.6118.3119.5

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

109.9112.7116.6

111.3112.0112.1112.0112.7113.1

113.0113.3112.7112.9113.1114.2

114.7115.6115.2114.8115.5116.1

117.3117.4117.7117.1117.9119.3

82.890.483.1

84.795.294.389.488.7

86.586.389.394.590.1

92.191.792.591.491.9

95.4101.6100.0103.7110.0

113.4115.2121.7

112,3113.9114.6114.5115.6116.4

115.6116.1114.9115.0115.7117.7

118.7120,6119.4118.0119.5120.7

123.3123.1123.6122.3124.1127.1

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

108.2111.3113.6

110.9110.8110.7110.5111.0111.2

111.6111.8111.9111.7111.7111.8

112.0112.1112.4112.7113.1113.5

113.8114.2114.5114.7115.0115.2

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

107.1110.9113.2

110.5110.8110.4110.5110.7110.7

111.0111.1110.4111.3111.3112.6

112.9113.2113.1113.2113.1113.2

113.5113.6113.7112.7112.8113.7

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

111.9116.6119.5

115.6115.9116.0116.1116.3116.5

116.8117.1116.9117.1117.0117.8

118.4118.8119.0119.3119.4119.6

119.7119.8119.9119.7119.9120.3

79.292.584.0

93.6102.993.192.488.0

96.6102.3100.996.9

102.3

98.397.295.694.397.1

100.9104.5100.0102.0110.6

118.8122.7131.1

121.4121.8121.4124.1123.5122.8

122.7122.3123.0122.9122.6123.4

125.6127.0129.1129.3129.9129.8

130.2132.3132.6133.8136.3136.8

70.076.174.2

77.787.084.385.385.7

88.392.695.094.896.4

96.895.595.395.095.6

96.998.9

100.0102.6106.1

110.0114.3118.9

111.5112.0112.7113.3113.8114.1

114.9115,9115.9115.7115.6115.8

116.4117.2117.6118.2118.6119.0

119.2119.5119.8120.1120.3120.5

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

107.7111.2113.5

110.7110.8110.6110.5110.9111.0

111.4111.5111.3111.6111.6112.1

112.3112.5112.7112.9113.1113.4

113.7114.0114.2113.9114.1114.6

1 Includes, in addition to subgroups shown, processed fuels and lubricants, containers, and supplies.2 Excludes crude foodstuffs and feedstuffs, plant and animal fibers, oilseeds, and leaf tobacco.3 Excludes intermediate materials for food manufacturing and manufactured animal feeds.

Note.—For a listing of the commodities included in each sector, see monthly report, "Wholesale Prices and PriceIndexes," January-February 1967.



TABLE C-50.—Percent changes in consumer price indexes, major groups, 1948-72

[Percent change from preceding period i]

Year or month

19481949

19501951195219531954

19551956195719581959

1960 . .1961196219631964

1965 . .1966196719681969

197019711972 . .

1970: July .AugSeptOctNov.. . .Dec

1971: JanFeb. . .Mar .Apr - - . .MayJune

JulyAugSeptOctftovDec

1972: Jan . .Feb..MarAprMayJune -. -.


All items

Un-adjusted

2.7- 1 . 8

5.85.9.9.6

.42 93.01.81 5

1.5.7

1 21.61 2

1.93.43 04.76.1

5.53 43.4

.3

^53

.5

.1

EJ1

CO

.6

2.2.1

.2

. 4

. 1

.5

.7CM

CO

CM

"«t

. 2

. 4

.3CM CO

Seasonallyadjusted

0.3. 3.6.5.4.4

.3

. 2

. 2

.3

.5

.4

.3

.3

.1

.2

.3

. 3

.6

.0

! l

.4

.2

.5

.3CO CM

Food

Un-adjusted

- 0 . 8- 3 . 7

9.67.4

- 1 . 1- 1 . 3- 1 . 6

—.93.12.82.2

— 8

3.1- . 91 51.91 4

3.43.91 24.37.2

2.24 34.7

.5

.1

- . 5.3

.2

. 3

.9

.7

.3

.8

.5

.2- . 8- . 2

.11.1

.01.6.2.0

- . 1.6

1.0CO

CM

»-<

'.5

Seasonallyadjusted

0.1

'A.0

12

.1

.5

.9

.6

.3

.4

.2

.3- . 3- . 1

.8

.6

- . 11:8.0

- . 1- . 1

.2

.6

'.S

1.1.0

Commodities less food

Un-adjusted

2.2.8

1 5

- . 3.6.7

1.24

.71.93.13.74.5

4.82.32.5

. 0

.1

!5.3

- . 3.0.3.3.7.4

—.1

.5

.1

.0

- . 3

. 3CO

CO

CM

a

.1

.7

.4

.2

.1

Seasonallyadjusted

0.2

[44

.7

1

\l.2.6.3

.2

.3

.0

.0

.0

.2

.2

.3

.2

'.5.0

.3

. 3

.4—.1

.1

.2

Services 2

Un-adjusted

4.52 73 7

2.71.91 72 31 8

2 64.94 06.17.4

8.24 13.6

.5

.6

.7

.5

.6

.6

.0

.5

.5

'A.1.3. 3

.6

.2

. 2CM

CM

CO

C

O

. 2

.2

.4

.2

.4

1 Annual changes are from December to December.2 Percent changes for services are based on unadjusted indexes since these prices have little seasonal movement.Note.—The seasonally adjusted changes for the all items index are based on seasonal adjustment factors and seasonally

adjusted indexes carried to two decimal places.



TABLE C-51.—Percent changes in wholesale price indexes, major groups, 1948-72

[Percent change from preceding periodl)

Yearor

month

19481949

19501951195219531954

19551956 . . . .195719581959 .

19601961 .1962 .19631964

19651966196719681969

197019711972

1970: JulyAugSeptOctNovDec




JulyAugSeptOctNov. . .Dec

Allcommodities

Unad-justed

1.5- 6 . 1

14.71.2

- 3 . 4

- . 6

1.64.52.0.5

- . 3

.5—.2

.0- . 1

.4

3.41.71.02.84.8

2.24.06.5

.5- . 4

.5

.0- . 1

.1

.7

.9

.2

.3

.4

.4

.3

.3- . 3- . 1

.1

.8

.8

.9

.1

.1

.6

.5

.8

.2

.3

!61.8

Sea-sonally

ad-justed

0.5.1.5

-A- . 1

.5

.6

.2

.5

.3

.4

.2

.7- . 3

.1

.1

.6

.5

".1.3.5.5

.7

.6

.3

.1

.61.6

Industrialcommodities

Unad-justed

5.0- 5 . 0

14.0.4

- 1 . 41 4

2

4 34.21.1.9

1 2

— 6— 1- . 2

.5

.6

1.42 21.92.73.9

3.63.23.6

.2

.2

.2

.8

.0

.4

.4

.3

.3

.4

.4

.2

.5

.5- . 1

.0- . 1

.3

.5

.5

.3

.4

.3

.3

.2

.3

! l.3.3

Sea-sonally

ad-justed

0.32

.2

.6

.2

.3

3.1.34

.53

.6

.5- . 1

2.1.2

.4

.4

.3

.4

.4

.4

.2

.4

.2- . 1

.4

.1

Farm productsand processed

foods and feeds

Unad-justed

- 6 . 8- 8 . 9

17.03.5

- 8 . 2- 2 3- 2 . 6

- 6 46.04.2

- . 2- 4 4

3 9— 6

6- 2 . 1

.0

9.52

—1 83.57.5

- 1 . 46.0

14.4

1.5- 1 9

1.3- 2 . 04

- . 5

1 32.6

- . 2- . 1

.91.0

- . 3- . 3

- 1 . 4.0.5

2.0

1.31.9

- . 4- . 71.41.1

2.2- . 2

.6- 1 . 0

1.65.8

Sea-sonally

ad-justed

1.2- 41.3

- . 95- i ! i

81.9

- . 1.5.2.4

- . 71.2

- 1 . 21 l.3

1.4

.91.2

- . 3- . 1

.8

.5

1.81.4.8

L45.2

Consumerfinished goods,

total

Unad-justed

1.2- 5 . 6

10.22.7

- 3 . 1_ i— 6

_ i3.13.0

.2_ 7

2.1- 8

14

.2

4.01 61 23.14.9

1.43.34 5

.6_ 7

.8- . 3

.40

7.6.1

- . 1.64

- . 1.3

- . 52

.21.0

.4

.8- . 3- . 3

.6

.5

1.0.1.3

'.71.2

Sea-sonally

ad-justed

0.50

.5

.1

.3- 1

5.5.23

.41

- . 41.1

- . 84

.1

.9

.3

.7- . 3

.0

.3

.3

.8

.9- . 1- . 2

l'.l

Consumerfinished foods

Unad-justed

- 2 . 4- 7 . 4

13.35.3

- 5 . 9- 2 . 2- 1 . 9

- 2 . 93.65.3

- 3 . 7

5 2- 1 . 8

.5- 1 . 3

.4

9.11.4

- . 44.88.2

- 2 . 56.08.0

1.4- 2 . 1

1.4- 2 . 5

.6- . 9

1 21.4.6

- . 11.0.7

- . 7.4

- 1 . 0.1.6

1.7

.81.6

- 1 . 0- 1 . 2

1.31.0

2.2- . 2

.4- 1 . 1

1.52.4

Sea-sonally

ad-justed

0.6- 4

.6- . 6

.0- 1 . 3

81.3.68

.22

- 1 . 52.0

- 1 . 82 1

1.5

.41.5

- 1 . 0- . 3

.5

.5

1.31.4

- . 3.9.6

2.2

Consumerfinished goodsexcluding foods

Unad-justed

4.0- 4 . 5

8.2.9

- 1 . 11.6.3

1.72.51.7.2.8

4- 3- . 1

.1

.1

.91 72.12.02.9

4.01.72 2

.22

.31.3.2.5

5.1

- . 1.4. l

.4

.1- . 2

3.0.4

.2

.2

.2

.2

.2

.3

.3

.3

.22

\l.4

Sea-sonally

ad-justed

0.2.3.5.8.3.5

.5

.1

.0

.4

.0

.4

.2

.0- . 2

.1

.4

.2

.3

.3

.2

.2

.3

.4

.4- . 7

.3

1 Annual changes are from December to December.

Note.—The seasonally adjusted changes for all commodities and industrial commodities are based on seasonal adjust-ment factors and seasonally adjusted indexes carried to two decimal places.


490-000 O - 73 - 17253


MONEY STOCK, CREDIT, AND FINANCETABLE C-52.—Money stock measures, 1947-72

[Averages of daily figures; billions of dollars, seasonally adjusted]

Year andmonth

1947: Dec . . . .1948: Dec1949: Dec1950: Dec . . . .1951: Dec1952: Dec1953: Dec1954- Dec1955: Dec1956: Dec1957: Dec1958' Dec1959: Dec1960: Dec1961: Dec1962: Dec1963: Dec1964: Dec1965: Dec1966: Dec1967: Dec1968: Dec1969: Dec19j7O: Dec1971: Dec1972: Dec p . . . .1971: Jan

FebMarAprMayJune


1972: JanFebMarAprMay . . . .JuneJulyAugSeptOctN o v . . .Deep

Overall measures

Mi(Currency

plusdemanddeposits)

113.1111.5111.2116.2122.7127.4128.8132.3135.2136.9135.9141.1142.6141.7146.0148.1153.6160.5168.0171.7183.1197.4203.7

214.8228.2246.9215.3217.7219.7221.2223.8225.5

227.4228.0227.6227. 7227.7228.2228.8231.2233.5235.0235.5236.6239.4240.5241.6242.3243.6246.9

M2(M i plus

timedepositsat com-mercialbanks

other thanarge CD's)

273.8298.1314.0345.7378.0386.8418.2464.7514.5423.1430.4437.1441.5446.6450.6453.4454.5455.6458.3460.8464.7469.9475.5480.1483.0486.1490.4495.0498.3501.8505.0508.2514.5

M3(M 2 plusdepositsat non-

bankthrift

institu-tions)

422.9459.4481.3528.8572.6588.3633.9718.1810.2642.2653.4663.9672.5681.0687.8

693.8697.6701.2706.5711.6718.1727.3737.4745.9752.7758.8766.1774.7781.6788.4795.2801.2810.2

Components and related items

Cur-rency l

26.425.825.125.026.127 327.727.427.828.228.328.628.928.929 630.632 534.236.338.340.443.446.049.052.556.949.349.750.050.550.851.1

51.651.751.952.252.252.552.853.253.754.054.454.754.955.055.555.956.356.9

Deposits at commercial banks

De-mand 2

86.785.886.091.296.5

100.1101.1104.9107.4108.7107.6112.6113.7112.8116.5117.6121 1126.3131.7133.4142.7154.0157.7165.8175.7190.0166.0168.0169.7170.7173.0174.5

175.8176.3175.7175.5175.5175.7176.0178.0179.9180.9181.1181.9184.5185.5186.1186.5187.3190.0

Time and savings3

Total

35.436.036.436.73S.241.144.548.350.051.957.465.467.472.982.797.8

112.2126.6146.8158.1183.4204.2194.1228.9269.9311.2234.4240.2245.4248.1251.3254.4

256.4257.3259.6263.3265.3269.9274.4278.1279.9282.8287.0290.9293.7297.1300.5303.4305.9311.2

LargeCD's*

13.316.715.920.823.611.025.533.443.726.627.528.127.828.529.4

30.430.831.632.732.233.433.233.833.434.736.337.138.139.340.340.741.343.7

Other

113.3130.1142.2162.6180.6183.2203.4236.4267.6207.8212.7217.4220.3222.8225.0

225.9226.5228.0230.6233.1236.4241.2244.3246.5248.1250.7253.8255.6257.7260 2262.7264.6267.6

Depositsat non-

bankthrift

institu-tions «

149.2161.3167.4183.1194.6201.5215.7253.4295.8219.2223.0226.8231.0234.4237.2

240.4243.1245.6248.3250.8253.4257.4261.8265.8269.7272.6275.7279.7283.3286.6290.1293.1295.8

U.S.Govern-

mentdemanddeposits(unad-justed)*

1.01.82.82.42.74.93.85.03,43.43.53.94.9

4.74.95.65.15.54.63.45.05.05.6

7.36.77.26.88.45.55.57.85.3

6.86.87.55.33.96.77.27.27.77.6

10.46.87.25.35.86.66.17.2

1 Currency outside the Treasury, the Federal Reserve System, and the vaults of all commercial banks.2 Demand deposits other than those due to domestic commercial banks and the U.S. Government, less cash items in

process of collection and Federal Reserve float, plus foreign demand balances at Federal Reserve Banks.3 Time and savings deposits other than those due to domestic commercial banks and the U.S. Government. Effective

June 1966, excludes balances accumulated for payment of personal loans (about $1.1 billion).4 Negotiable time certificates of deposit issued in denominations of $100,000 or more by large weekly reporting com-

mercial banks.5 Average of the beginning- and end-of-month deposits of mutual savings banks and savings and loan shares.6 Deposits at all commercial banks.Note.—The effects of the implementation on November 9, 1972 of revised Regulation J have been eliminated from

data for November-December 1972 to avoid a discontinuity in the series. The upward adjustment of demand depositsresulting from that implementation will be incorporated into the various series at a later time.


254


TABLE C-53.—Commercial bank loans and investments, 1930-72


End of yearor month 1

1930:June

1933:June

1939 . . .

194019411942...194319441945 .1946.19471948

19481949...

19501951 .1952...195319541955...195619571958 . .1959 3

I960...1961196219631964 . . .19651966-..196719681969 s_.

1970 .19711972*

1972:Jan. .FebMarApr .MayJune

JulyAugSept»».OctpNov pDec v

Total loansand invest-

ments 2

48.9

30.4

40.7

43.950.767.485.1

105.5124.0114.0116.3114.2

Loans

Total 2

34.5

16.3

17.2

18.821.719.219.121.626.131.138.142.4

Commercialand

industrial

Investments

U.S. Govern-ment securities

5.0

7.5

16.3

17.821.841.459.877.690.674.869.262.6

Othersecurities

9.4

6.5

7.1

7.47.26.86.16.37.38.19.09.2

Loans plusloans sold to

bank affiliates 2

Seasonally adjusted

113.0118.7

124.7130.2139.1143.1153.1157.6161.6166.4181.2188.7

197.4212.8231.2250.2272.4300.1

* 316.1352.0390.6402.1

435.9485.7554.2

491.4496.6505.0507.4516.1517.5

521.9529.8535.3540.4549.4554.2

41.542.0

51.156.562.866.269.180.688.191.595.6

110.5

116.7123.6137.3153.6172.9198.2

< 213.9231.3258.2279.4

292.0« 320 6

376.6

325.7328 5333.8335.9341.9343.7

348.4356.2360.0367.2373 6376.6

39.4

42.143.947.652.158.469.578.686.295.9

105.7

109.6115.5129.1

116.4117.3118.4119.9121.2

7120.7

121.4123.9124.6126.7128 2129.1

62.366.4

61.160.462.262.267.660.357.256.965.157.7

59.865.364.761.760.857.153.559.361.051.5

58.060.762.0

59.761 062.362.663.163.2

62.36L462.059.960 662.0

9.210.3

12.413.414.214.716.416.816.317.920.520.5

20.823.929.235.038.744.8

M8. 761.471.471.2

85.9« 104. 5

115.6

106.0107 1108.9108.9111.1110.6

111.2112.3113.3113.3115.1115.6

283.3

294.9«323. 4

379.2

328.7331.5336.6338.5344.4346.0

350.7358.6362.3369.4376.1379.2

1 Data are for last Wednesday of month (except June 30 and December 31 call dates).2 Adjusted to exclude all interbank loans beginning 1948 and domestic bank loans only beginning January 1959.3 Beginning January 1959, loans and investments are reported gross, without valuation reserves deducted, rather than

net of valuation reserves, as in earlier periods.* Effective June 1966, balances accumulated for payment of personal loans (about $1.1 billion) are excluded from loans

at all commercial banks, and certain certificates of CCC and Export-Import Bank totaling about $1 billion are included inother securities rather than in loans.

* Beginning June 1969, data include all bank-premises subsidiaries and other significant majority-owned domesticsubsidiaries; earlier data include commercial banks only.

« Beginning June 1971, Farmers Home Administration insured notes totaling about $0.7 billion are classified as othersecurities rather than as loans.

7 Excludes $0.4 billion due to loan reclassification.



TABLE C-54.—Total funds raised in credit markets by nonfinancial sectors, 1964-72


Item 1964 1965 1966 1967 1968 1969 1970

Total funds raised

U.S. Government.

Public debt securities..Budget agency issues..

All other sectors..

Corporate equity shares.Debt instruments

Debt capital instruments..

State and local government se-curities...

Corporate and foreign bondsMortgages _.

HomeOther residential..CommercialFarm

Other private credit-

Bank loans n.e.cConsumer creditOpen-market paper-Other

By borrowing sector:

Total funds raised.

ForeignState and local governmentsHouseholdsNonfinancial business

FarmNonfarm noncorporateCorporate -

Total funds advanced to nonfinancial sectors

Financed directly or indirectly by:

Private domestic nonfinancial sectors

Deposits

Demand deposits and currency...Time and savings accounts....

At commercial banks...At savings institutions.

Credit market instruments, net..

U.S. Government securitiesPrivate credit market instruments.Corporate equitiesLess security debt

Other sources:

Foreign funds.

At banks.Direct. . . .

Change in U.S. Government cashbalance

U.S. Government loansPrivate insurance and pension reserves.Other

67.8

6.3

5.4.9

61.5

1.659.9

36.3

5.74.5

26.1

15.64.53.82.1

23.7

9.48.5.7

5.1

61.5

5.16.0

27.922.6

2.65.3

14.6

67.8

43.5

36.5

7.429.1

13.315.8

7.0

1.06.0

- . 1- . 2

3.1

2.5.6

.22.8

13.94.4

70.4

1.8

1.3

68.6

.368.3

38.8

7.35.9

25.6

15.43.64.42.2

29.5

14.110.0

l!7

68.6

2.57.6

28.829.6

3.35.7

20.6

70.4

46.0

40.7

7.932.7

19.613.2

5.3

2.35.3

-1 .9.3

. 5

.8- . 3

-1 .02.8

15.66.6

68.7

3.6

2.31.3

65.0

.964.1

39.0

5.711.022.3

11.43.15.72.1

25.1

10.47.21.06.4

65.0

1.36.4

23.234.1

3.55.5

25.2

68.7

41.2

23.1

2.820.3

13.07.3

18.1

8.810.2

-1 .0

1.8

3.7-1 .9

- . 44.9

17.63.5

83.4

13.0

8.94.1

70.4

2.468.0

46.2

8.315.922.0

11.63.64.72.1

21.8

9.94.62.15.2

70.4

4.08.5

19.738.1

3.55.0

29.7

83.4

50.9

51.5

12.239.3

22.616.7

- . 6

-1 .37.1

-4 .22.2

4.9

2.32.7

1.24.6

18.03.8

97.8

13.4

10.33.1

84.4

- . 785.1

51.3

10.114.027.3

15.23.56.62.1

33.8

13.811.11.67.3

84.4

3.110.431.939.1

2.75.7

30.7

97.8

61.3

48.6

14.634.0

21.013.0

12.7

7.714.0

-7 .61.4

5.1

2.62.5

-1 .14.9

18.69.1

91.7

-3 .6

- 1 . 3- 2 . 4

95.3

4.890.6

49.0

7.913.127.9

15.74.85.51.9

41.6

16.89.33.3

12.2

95.3

3.38.7

32.650.8

3.27.4

40.2

91.7

45.6

5.3

7.6- 2 . 2

-10.28.0

40.2

16.026.7

-4 .1-1 .6

10.6

9.31.3

.42.9

19.113.1

101.6

12.8

12.9- . 1

88.8

6.881.9

60.8

13.821.125.8

12.85.95.41.8

21.1

5.04.33.88.0

88.8

3.013.922.349.5

3.26.4

39.8

101.6

69.8

63.9

7.756.2

39.317.0

5.9

-7 .614.6

-2 .6-1 .4

2.4

-8 .410.9

2.72.8

22.21.6

See footnote at end of table.


TABLE G-54.—Total funds raised in credit markets by nonfinancial sectors, 1964-72—Continued[Billions of dollars]

Item

Total funds raised

U.S. Government

Public debt securities.Budget agency issues

All other sectors

Corporate equity sharesDebt instruments

Debt capital instruments

State and local government securitiesCorporate and foreign bondsMortgages

HomeOther residentialCommercialFarm _ _

Other private credit

Bank loans n.e.cConsumer credit.Ooen-market paperOther

By borrowing sector:

Total funds raised

ForeignState and local governmentsHouseholdsNonfinancial business

FarmNonfarm noncorporateCorporate

Total funds advanced to nonfinancial sectors _

Financed directly or indirectly by:

Private domestic nonfinancial sectors

Deposits

Demand deposits and currencyTime and savings accounts .

At commercial banks __At savings institutions.__ _

Credit market instruments, net

U.S. Government securitiesPrivate credit market instrumentsCorporate equitiesLess security debt

Other sources:

Foreign funds

At banksDirect

Change in U.S. Government cash balanceU.S. Government loans _ _Private insurance and pension reservesOther

1972 unadjustedquarterly flows

I

29.5

4.3

3.7.6

25.2

2.622.6

19.7

4.53.0

12.2

6.71.92.9.6

3.0

.1- 1 . 1

1.52.4

25.2

.94.86.1

13.4

1.31.9

10.3

29.5

17.6

18.3

- 6 . 324.7

10.514.2

- . 8

- 1 . 02.4

1.7

4.7

.34.3

- 3 . 3.8

4.15.5

II

39.9

- 5 . 6

- 6 . 0.4

45.5

4.041.5

25.0

4.04.4

16.6

9.62.53.6.9

16.5

9.16.1

- . 51.8

45.5

.44.1

18.222.8

2.13.2

17.5

39 9

25.5

25.3

4.520.8

9.711.1

.1

- 2 . 25.6

- 1 . 32.0

1.6

1.8- . 3

1.5.3

6.94.0

III

39.5

5.3

4.6

34.1

2.831.3

25.4

4.13.0

18.3

11.02.63.9.7

5.9

2.54.3

- . 7- . 2

34.1

.04.2

15.514.3

.62.8

10.9

39.5

27.8

24.2

2.222.0

11.710.2

3.6

3.82.1

- 1 . 4.9

5.5

1.34.2

- . 3.9

6.1

1972 seasonallyadjusted annual rates

1

146.5

6.6

4.32.2

139.9

10.3129.6

84.1

16.712.954.4

30.28.7

12.92.6

45.5

20.113.92.98.6

139.9

4.217.850.767.2

3.911.851.5

146.5

97.2

119.1

24.994.2

37.356.9

-21 .8

-20 .814.6

- 8 . 86.9

18.2

1.316.9

-10 .83.2

16.821.8

II

166.8

16.3

14.81.5

150.5

15.9134.6

94.7

14.314.765.8

38.19.9

14.92.9

39.8

17.717.5

.34.2

150.5

1.514.760.973.3

4.910.957.5

166.8

114.4

90.6

4.086.6

45.041.6

23.8

12.518.6

.88.1

4.6

7.3- 2 . 6

.71.4

29.116.5

III

163.0

10.6

7.73.0

152.4

11.3141.1

101.7

17.613.370.9

42.110.615.32.8

39.4

22.218.6

- 5 . 54.1

152.4

1.018.069.164.4

4.110.250.0

163.0

120.0

108.3

17.391.0

45.945.2

11.7

9.912.4

- 7 . 33.4

16.2

5.011.1

- 3 . 63.3

24.03.2



TABLE C-55.—Private liquid asset holdings, nonfinancial investors, 1965-72

[Averages of daily figures; billions of dollars, seasonally adjusted]

Yearand

month

1965: Dec1966: Dec1967: Dec1968: Dec1969: Dec

1970: Dec1971: Dec1972: Dec » „


JulyAugSeptOct . .NovDec

1971: JanFebMar . . .AprMayJune ._

JulyAug . - . -SeptOct . . .NovDec


JulyAug.SeptOctNov »Dec v

Totalliquidassets

557.7588.2637.5692.1719.2

766.8850.2961.4

720.9721.6725.3729.9733.5736.7

743.9749.8754.7759.6761.9766.8

774.6784.6792.7799.9808.8816.9

823.6827.9831.7838.0841.9850.2

858.2867.8876.6886.0894.2904.0

913.9921.5929.7938.1947.3961.4

Currency and deposits

Total

447.4469.6516.0559.7576.3

623.4710.0803.3

577.3576.6580.4584.9588.7591.6

596.8602.6608 1613.1617.2623.4

631.7643.0653.7662.6671 5678.6

684.7688.6692.4698.0703.0710.0

719.7729.6738.3745.2751.0758.0

766.6773.4780.4787.4794.0803.3

Cur-rency

36.338.340.443.446.0

49.052.556.8

46.246.446.747.147.747.8

48.048.148.348.548.749.0

49.349 750.050.550 851.1

51.651.751.952.252.252.5

52.853.253.754.054.454.7

54.955.055.555.956.356.8

De-mand

de-posits

115.5117.3125.2135.2138.1

144.8153.5166.9

139.3138.3139.8141.1141.4141.6

142.0143.2144.1144.0144.1144.8

144.5146.2147.9148.8151 2152.8

154.0154.2153 5153.3153.0153.5

153.8155 6157.4158.4158.2158.5

160.8161.7162.2162.6163.8166.9

Time deposits

Com-mer-cial

banks

125.2136.8156.2174.2177.1

198.5232.4262.3

176.7176.7178.0179.6181.3182.9

185.7188.2191.0193.8195.6198.5

203.2208.3213.0216.0218.6220.7

221.7222.3223.8226.4228.9232.4

237.2240 2242.3243.7246.2249.2

251 0253.0255.4257 8259.6262.3

Non-bankthrift

institu-tions

170.4177.3194.2206.8215.2

231.1271.7317.3

215.1215.2215.9217.1218.2219.3

221.2223.1224.8226.8228.8231.1

234.7238.8242.8247.3250.9254.0

257.5260.4263.1266.1268.9271.7

275.8280.5284.9289.1292.2295.6

299 8303.6307.3311.1314.3317.3

U.S. Governmentsecurities

Sav-ings

bonds

49.550.151.051.451.1

51.353.756.9

51.051.050.950.950.950.9

50.950.951.051.151.251.3

51.451.651.852.052.252.5

52.752.953 153.353.553.7

53.954.254.554.855.155.3

55 655.956.156.456.756.9

Short-term

market-able

secur-ities

38.243.339.544.261.9

49.438.642.6

63.063.662.760.458.958.8

58.056.554.854.452.249.4

48.346.443.842.742.243.0

43.143.342.040.839.738.6

36.635.936.036.537.138.5

38.237.737.538.440.342.6

Nego-tiablecertifi-catesof de-posit

15.515.019.522.69.1

23.230.139.9

8.38.18.39.9

10.410.7

14.116.518.720.221.223.2

24.525.626.225.726.126.7

27.427.528.129.228.830.1

29.930.530.231.633.234.0

35.036.337.137.337.639.9

Com-mer-cial

paper

7.110 211.514.220.9

19.517 718.6

21.222.423 023.924.624.7

24.123.322 020.820.119.5

18.718 017.216.916.816.2

15.715.616 116.716.917.7

18.117 717.717.917.918.1

18.518.418.518.618.618.6



TABLE C-56.—Federal Reserve Bank credit and member bank reserves, 1929-72

[Averages of daily figures; millions of dollars]

Year and month

Reserve Bank credit outstanding

Total

1,643

2,669

2,612

2,3052,4046,035

11,91419,61224,74424,74622,85823,97819, 012

21,60625,44627,29927,10726,31726,85327,15626,18628,41229,435

29,06031,21733,21836,61039,87343, 85346, 86451,26856,61064,100

66,70874,25576,845

67,36366, 79766, 69167, 74768, 92668,834

71,05270, 74971,56872,34972,69474, 255

75, 41573,99473,18175,17175, 70576,108

77, 03576,67675, 45177, 33175,95976,845

U.S.Govern-ment se-curities

446

2,432

2,510

2,1882,2195,549

11,16618,69323,70823, 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

61,68869,15871,094

62,06862, 35062, 71963,37164,71464, 642

66, 00166, 32467,10667,69068, 05269,158

70,68769, 96669,27370,93971,42871,632

72,08971,85870, 25271,35971,11271,094

Memberbank

borrow-ings

801

95

3

354

90265334157224134118

142657

1,593441246839688710557906

87149304327243454557238765

1,086

321107

1,050

370328319148330453

820804501360407107

203399

10911994

202438514574606

1,050

Allother,mainlyfloat

396

142

99

114180482658654702822729842607

1,1191,3801,3061,0271,1541,4121,7031,4941,5431,493

1,7251,9702,3682,5542,5042,5142,5472,1393,3165,514

4,6994,9904,701

4,9254,1193,6534,2283,8823,739

4,2313,6213,9614, 2994,2354,990

4,7083,9953,8094,1234,158.4,382

4,7444,3804,6855,3984.2414,701

Member bank reserves

Total

2,395

2,588

11,473

14, 04912,81213,15212,74914,16816, 02716,51717, 26119,99016,291

17,39120,31021,18019,92019,27919,24019, 53519,42018, 899

2 18,932

19,28320,11820, 04020, 74621, 60922,71923, 83025, 26027, 22128, 031

29, 26531,329

3 31,351

30,48829, 88029, 68629, 88530,41930, 023

30, 54730, 45530, 80230,86030, 95331,329

32,86531,92231,92132, 56532,81232, 539

33,02133,14833, 00333, 803

3 31,7743 31,351

Re-quired

2,347

11,822

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, 52719,55019,46820,21021,19822, 26723,43824,91526, 76627, 774

28,99331,16431,151

30, 20929, 67929,48729, 74530,10729,892

30, 38530, 25730, 59630, 65330,69031,164

32,69231,79831,68832,42932, 70832, 335

32,87432,89332, 84133, 55631, 46031,151

Excess

48

1766

5,011

6,6463,3902,3761,0481,2841,491

900986797803

1,027826723693703594652577516482

756568572536411452392345455257

272165

3 200

279201199140312131

162198206207263165

173124233136104204

147255162247

3 3143 200

Memberbank freereserves(excessreservesless bor-rowings)

-753

671

5,008

6,6433,3852,372

9581,0191,157

743762663685

885169

-870252457

-245- 3 6

-133- 4 1

-424

669419268209168

-165107

-310-829

-4958

s-850

- 1 9-127-120

- 8- 1 8

-322

-658-606-295-153-144

58

15391

13427

- 1 5110

- 5 5-183-352-327

3 - 2 9 23-850

1 Data are for licensed banks only.2 Beginning December 1959, total reserves held include vault cash allowed.3 Daily figures beginning November 9, 1972 adjusted to include $450 million of certain reserve deficiencies on which

penalties can be waived for a transition period in connection with bank adaptation to Regulation J (as amended effectiveNovember 9, 1972). Daily figures beginning December 28, 1972 adjusted to include $279 million in lieu of $450 million.



TABLE C-57.—Bondyields and interest rates, 1929-72

[Percent per annum]

Year or month

1929

1933

1939 .

19401941 . . . .194219431944

1945 . .1946194719481949

1950 . . .1951195219531954

19551956 . .195719581959

1960 . . . .196119621963 . ._1964

1965 .1966196719681969

197019711972

U.S

3-mo nthTreas-

urybills i

0.515

.023

.014

.103

.326

.373

.375

.375

.375

.5941.0401.102

1.2181.5521.7661.931.953

1.7532.6583.2671.8393.405

2.9282.3782.7783.1573.549

3.9544.8814.3215.3396.677

6.4584.3484.071

. Government securities

9-12monthissues2

0.75.79

.81

.82

.881.141.14

1.261.731.812.07.92

1.892.833.532.094.11

3.552.913.023.283.76

4.095.174.845.627.06

6.904.754.86

3-5year

issues 3

2.66

.59

.50

.731.461.341.33

1.181.161.321.621.43

1.501.932.132.561.82

2.503.123.622.904.33

3.993.603.573.724.06

4.225.165.075.596.85

7.375.775.85

Taxablebonds4

2.462 472.48

2 372.192 252.442.31

2.322.572 682.942.55

2 843.083.473.434.08

4.023 903.954.004.15

4.214.654.855.266.12

6.585.745.64

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

8.047.397.21

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

9.118.568.16

High-grade

munic-ipal

bonds(Stand-ard &Poor's)

4.27

4.71

2.76

2 502.102.362.061.86

1.671.642.012.402.21

1.982.002.192.722.37

2.532.933.603.563.9S

3.733.463.183.233.22

3.273.823.984.515.81

6.515.705.27

Averagerate onshort-termbankloans

to busi-n e s s -

selectedcities

2.1

2.12.02.22.62.4

2.22.12.12.5

2.68

2.693.113.493.693.61

3.704.204.624.34

7 5.00

5.164.975.005.014.99

5.066.00

7 6.006.688.21

8.487 6.325.90

Primecom-mer-cial

»?!•months

5.85

1.73

.59

.56

.53

.66

.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

7.725.114.69

Fed-eral

ReserveBankdis-

countrate

5.16

2.56

1.00

1.001.00

U . 0 06 1.008 1.00

«1.006 1.00

1.001.341.50

1.591.751.751.991.60

1.892.773.122.153.36

3.533.003.003.233.55

4.044.504.195.175.87

5.954.884.50

FHAnew

homemort-gage

yields*

4.34

4.174.214.294.614.62

4.644.795.425.495.71

6.185.805.615.475.45

5.466.296.557.138.19

9.057.787.53



TABLE C-57.—Bond yields and interest rates, 1929-72—Continued

[Percent per annum]

Year or month

1970" JanFebMarAprMayJune

JulyAugSept .Oct . . .NovDec


JulyAugSeptOctNov . .Dec

1972: JanFebMar.AprMayJune

July. . . .AugSeptOctNovDec

U.S.

3-monthTreas-

urybills i

7.9147.1646.7106.4807.0356.742

6.4686.4126.2445.9275.2884.860

4.4943.7733,3233.7804.1394.699

5.4055.0784.6684.4894.1914.023

3.4033.1803.7233 7233.6483.874

4.0594.0144.6514.7194.7745.061

Government securities

9-12monthissues 2

8.227.606.886.967.697.50

7.006.926.686.345.524.94

4.293.803.664.214.935.57

5.895.675.314.744.504.38

3.994.074.544.844.584.87

4.894.915.495.415.225.46

3-5year

issues 3

8.147.807.207.497.977.86

7.587.567.247.066.375.86

5.725.314.745.426.026.36

6.776.395.965.685.505.42

5.335.515.746.015.695.77

5.865.926.166.116.036.07

Taxablebonds4

6.866.446.396.536.946.99

6.576.756.636.596.245.97

5.925.845.715.755.965.94

5.915.785.565.465.485.62

5.625.675.665.745.645.59

5.595.595.705.695.515.63

Corporatebonds

(Moody's)

Aaa

7.917.937.847.838.118.48

8.448.138.098.038.057.64

7.367.087.217.257.537.64

7.647.597.447.397.267.25

7.197.277.247.307.307.23

7.217.197.227.217.127.08

Baa

8.868.788.638.708.989.25

9.409.449.399.339.389.12

8.748.398.468.458.628.75

8.768.768.598.488.388.38

8.238.238.248.248.238.20

8.238.198.098.067.997.93

High-grademunic-

ipalbonds

(Stand-ard &Poor's)

6.806.576.146.557.027.06

6.696.336.456.556.205.71

5.705.555.445.656.146.22

6.315.955.525.245.305.36

5.255.335.305.455.265.37

5.395.295.365.205.035.03

Averagerate onshort-termbankloans

to busi-ness-

selectedcities

8.86

8.49

8.50

8.07

7 6.59

6.01

6.51

6.18

' " 5 : 5 2

5.59

5.84

6.33

Primecom-mer-cial

paper,

months

8.788.558.338.068.238.21

8.297.907.326.856.305.73

5.114.474.194.575.105.45

5.755.735.755.544.924.74

4.083.934.174.584.514.64

4.854.825.145.305.255.45

Fed-eral

ReserveBankdis-

countrate

6.006.006.006.006.006.00

6.006.006.006.005.855.52

5.234.914.754.754.754.75

4.885.005.005.004.904.69

4.504.504.504.504.504.50

4.504.504.504.504.504.50

FHAnew

homemort-gage

yields«

8.62

9.299.209.109.11

9.169.119.079.018.978.90

8.40

7.327.377.75

7.897.977.927.847.757.62

7.597.497.467.457.507.53

7.547.547.557.567.577.57

1 Rate on new issues within period. First issued in December 1929.2 Certificates of indebtedness and selected note and bond issues.3 Selected note and bond issues.* First issued in 1941. Series includes bonds which are neither due nor callable before a given number of years as fol-

lows: April 1953 to date, 10 years; April 1952-March 1953,12 years; October 1941-March 1952,15 years.6 Data for first of the month, based on the maximum permissible interest rate (7 percent beginning February 18,1971).

Through July 1961, computed on 25-year mortgages paid in 12 years and thereafter, 30-year mortgages prepaid in 15 years.« From October 30,1942, to April 24,1946, a preferential rate of 0.50 percent was in effect for advances secured by

Government securities maturing in 1 year or less.' Series revised. Not strictly comparable with earlier data.

Note.—Yields and rates computed for New York City except for short-term bank loans.

Sources: Department of Housing and Urban Development, Treasury Department, Board of Governors of the FederalReserve System, Moody's Investors Service, and Standard & Poor's Corporation.

490-000 O - 73 - 18 261Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE G-58.—Short- and intermediate-term consumer credit outstanding, 1929-72


End of year ormonth

Total

Instalment credit

TotalAuto-mobilepaper

Othercon-

sumergoodspaper

Homerepairand

modern-izationloans 1

Per-sonalloans

Noninstalment credit

TotalCharge

ac-counts

Other 2

Adden-dum:Policy

loans bylife in-surance

com-panies *

1929. .

1933. .

1939. .

1940. .1941. .1942. .1943. .1944. .1945. .1946. .1947. .1948. .1949..

1950. .1951. .1952. .1953. .1954. .1955. .1956. .1957. .1958. .1959. .

I960 . .1961. .1962. .1963. .1964. .1965..1966..1967..1968..1969..

1970..1971. .1972 4.

1971: Jan..Feb..Mar.Apr..ApMaWay..June..

July..Aug. .Sept..Oct.. .Nov. .Dec...

1972: Jan. . .Feb. .Mar . .Apr . .May..June.

July..Aug. .Sept..Oct...Nov..Dec 4.

7,116

3,885

7,222

8,3389,1725,9834,9015,1115,6658,38411,59814,44717, 364

21,47122,71227, 52031,39332,46438, 83042,33444,97145,12951, 544

56,14157,98263, 82171,73980, 26889,88396, 239100, 783110,770121,146

127,163138,394156,400

125,811125,447125,643127,009128,066129,336

130,062131, 593132,968133, 755135,415138,394

137,426136,941137,879139,410141,450143,812

145,214147,631148,976150,576152,968156,400

3,524

1,723

4,503

5,5146,0853,1662,1362,1762,4624,1726,6958,996

11, 590

14,70315, 29419,40323,00523,56828,90631, 72033,86833,64239,247

42,96843, 89148, 72055,48662,69270,89376, 24579,42887, 74597,105

102,064111,295126,900

100,929100,467100,602101,581102,409103,694

104, 572105,924107,073107, 775109,088111,295

110,757110,510111,257112,439114,183116,365

117,702119,911121,193122,505124, 325126,900

1,384

493

1,497

2,0712,458742355397455981

1,9243,0184,555

6,0745,9727,7339,8359,80913,46014,42015,34014,15216,420

17,65817,13519, 38122, 25424,93428,43730, 01029,79632,94835, 527

35,18438,66443,900

34,87834,85935,08935,60335,97936,593

37,06637,49737,81238,19338, 57638,664

38,45038, 51638,85339, 34840,06341,019

41,60342,32342, 64443,16243,67443,900

1,544

799

1,620

1,8271,9291,195819791816

1,2902,1432,9013,706

4,7994,8806,1746,7796,7517,6418,6068,8449,028

10,631

11, 54511,86212,62714,17716,33318,48320,73222,38924,62628,313

31,46534,35339,900

30,88930, 53030,38930, 59030,81331,163

31, 25031,56932,04532,18932,74034,353

34,04633, 57933,69533,98134,43935,041

35,47036,18836, 74537,21638,06439,900

27

15

298

371376255130119182405718853

1,0161,0851,3851,6101,6161,6931,9052,1012,3462,809

3,1483,2213,2983,4373,5773,7363,8414,0084,2394,613

5,0705,4136,200

5,0285,0165,0125,0355,0975,173

5,2345,3145,3645,4005,4175,413

5,3995,4035,4375,5045,6045,717

5,7975,9506,0496,1246,1746,200

569

416

1,088

1,2451,322974832869

1,0091,4961,9102,2242,431

2,8143,3574,1114,7815,3926,1126,7897,5828,1169,386

10,61711,67313, 41415,61817,84820, 23721,66223,23525,93228,652

30,34532,86536,900

30,13430, 06230,11230,35330, 52030,765

31,02231,54431,85231,99332,35532,865

32, 86233,01233,27233, 60634, 07734,588

34,83235,45035, 75536, 00336,41336,900

3,592

2,162

2,719

25,09927,09929, 500

24, 88224,98025,04125,42825,65725,642

25,49025,66925,89525, 98026,32727,099

26, 66926,43126,62226,97127,26727,447

27, 51227, 72027, 78328, 07128,64329,500

1,996

1,286

1,414

2,8243,0872,8172,7652,9353,2034,2124,9035,4515,774

6,7687,4188,1178,3888,8969,924

10,61411,10311,48712, 297

13,17314,09115,10116, 25317,57618,99019,99421,35523, 02524,041

1,4711,6451,4441,4401,5171,6122,0762,3812,7222,854

3,3673,7004,1304,2744,4854,7954,9955,1465,0605,104

5,3295,3245,6845,9036,1956,4306,6867,0707,1937,373

7,9688,3508,400

7,5247,3037,2397,4857,6757,650

7,5547, 5957,7447,7787,9488,350

7,6306,9876,9637,1797,4647,610

7,6447,7177,6937,7808,0108,400

1,596

876

1,305

1,3531,4421,3731,3251,4181,5912,1362,5222,7292,920

3,4013,7183,9874,1144,4115,1295,6195,9576,4277,193

7,8448,7679,41710, 35011,38112, 56013,30814, 28515,83216, 668

17,13118, 74921,100

17,35817,67717, 80217,94317,98217,992

17,93618,07418,15118, 20218,37918, 749

19, 03919,44419,65919,79219,80319,837

19,86820,00320,09020, 29120,63321,100

2,379

3,769

3,248

3,0912,9192,6832,3732,1341,9621,8941,9372,0572,240

2,4132,5902,7132,9143,1273,2903,5193,8694,1884,618

5,2315,7336,2346,6557,1407,6789,11710,05911,30613,825

16,06417,065

16,14416, 22016,29616, 37616,44416,531

16,60916,70416,81216,88716,94817,027

17,07417,13217, 21217,36017,44117,528

17,60517,68917,77317,854

1 Holdings of financial institutions only; holdings of retail outlets are included in other consumer goods paper.2 Single-payment loans and service credit.3 Year-end figures are annual statement asset values; month-end figures are book value of ledger assets. These loans

are not included in consumer credit series.* Preliminary; by Council of Economic Advisers.Sources: Board of Governors of the Federal Reserve System and Institute of Life Insurance (except as noted).


TABLE C-59.—-Instalment credit extended and repaid, 1946-72


Year or month

Total

Ex-tended

Re-paid

Automobilepaper

Ex-tended

Re-paid

Other consumergoods paper

Ex-tended

Re-paid

Home repair andmodernization

loans

Ex-tended

Re-paid

Personalloans

Ex-tended

Re-paid

194619471948.1949.

1950.1951.1952.1953.1954

1955.1956.195719581959

I9601961196219631964

19651966196719681969

197019711972

1971: Jan..Feb..Mar..Apr..May.June.


1972: Jan..Feb..Mar..Apr..May.June.

July.Aug.Sept.Oct..Nov..DecV

8,49512,71315, 58518,108

21,55823, 57629,51431,55831,051

38, 97239, 86642, 01940,11048, 048

49,79349, 04856,19163, 59170,670

78,66182, 83(287,17199,984109,146

112,158124,281143,500

6,78510,19013, 28415, 514

18,44522,98525,40527,95630, 488

33, 63437,05639, 87040, 33942,603

46,07348,12451, 36056, 82563, 470

70,46377,48083,98891,66799, 786

107,199115,050127,900

1,9693,6925,2176,967

8,5308,95611,76412,98111,807

16,73415,51516, 46514,22617,779

17,65716,02919,69422,12624, 046

27,20827,19226,32031,08332, 553

29,79434,87340,400

1,4432,7494,1235,430

7,0119,05810,00310, 87911,833

13, 08214, 55515, 54515,41515, 579

16,41916, 55217,44719, 25421, 369

23,70625,61926,53427,93129, 974

30,13731,39335,200

3,0774,4985,3835,865

7,1507,4859,1869,2279,117

10,64211,72111,81011,73813,981

14, 52514, 55115, 70117,92020, 821

22,85726,32929,50433,50738,332

43,87347,82155,800

2,6033,6454,6255,060

6,0577,4047,8928,6229,145

9,75210,75811, 57411, 55712,402

13,61314, 23514,93516,36918,666

20,70724,08027,84731,27034,645

40,72144,93350,200

423704714734

835841

1,2171,3441,261

1,3931,5821,6741,8712,222

2,2152,0922,0842,1862,225

2,2702,2232,3692,5342,831

2,9633,2444,000

200391579689

717772917,119,255

,316,370,477,626,765

1,8762,0152,0102,0462,086

2,1122,1182,2022,3032,457

2,5062,9013,200

3,0263,8194,2714,542

5,0436,2947,3478,0068,866

10, 20311,05112.06912, 27514.070

15,39616,37718,71021, 35923, 578

26.32627,08828,97832,86035,430

35,52838,34343,300

Seasonally adjusted

9,3129,7379,984

10,26610,17310,249

10,10810,61010,82710,71811,15710,866

11,11610,95211,74111,37411,68712,057

11,68712,48411,95312,40412,84613,200

9,0859,2179,3549,4559,6069,670

9,4169,7099,7259,8439,9659,976

10,01510,06910,42710,38410,35510,671

10, 59310,84110,66710,90811,12811,600

2,5852,7242,8552,8742,7782,845

2,8133,0063,1233,0163,1213,051

3,0893,1003,1763,1623,2743,412

3,2983,4913,3683,5043,6203,700

2,4822,5322,6212,5312,5932,657

2,5272,6692,6892,6732,6762,715

2,7952,7762,8312,8672,8192,922

2,9172,8962,8733,0413,0233,200

3,5593,8123,8183,9473,9493,972

3,8794,0484,1884,1354,2544,153

4,2584,0524,4534,3704,3934,577

4,6844,9904,7724,9715,1185,350

3,5553,5893,6103,6733,7363,786

3,7493,8223,8043,8713,8753,891

3,9053,8783,9443,9863,9814,164

4,2494,3954,3034,3544,4444,700

229250272259258281

111283282283274294

309296323331334351

328371340335327350

219230251241236244

239245251248252244

256253262268287283

279270263263271300

2,9392,9513,0393,1863,1883,151

3,1443,2733,2343,2843,5083,368

3,4603,5043,7893,5113,6863,717

3,3773,6323,4733,5943,7813,800

2,5393,4053,9574,335

4,6605,7516,5937,3368,255

9,48410,37311,27611,74112, 857

14,16515,31916,96919,15621, 349

23,93825, 66327,40530,16332,710

33,83535,82339,300

2,8292,8662,8723,0103,0412,983

2,9012,9732,9813,0513,1623,126

3,0593,1623,3903,2633,2683,302

3,1483,2803,2283,2503,3903,400

1 Preliminary; December by Council of Economic Advisers.

Source: Board of Governors of the Federal Reserve System (except as noted).


TABLE C-60.—Mortgage debt outstanding by type of property and of financings 1939-72


End of yearor quarter

1939 . . . .

1940 .194119421943 . . .1944

19451946194719481949

195019511952 . . . .19531954

19551956195719581959

1960 . . .1961196219631964

19651966196719681969

19701971 P ._1972 P

1970:1IIIllIV

1971:1 p....UP...I I I * . . .IV*___

1972:1 "II *_._Ill p . .IV P...

Allprop-erties

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

206.8226.2248.6274.3300.1

325.8347.4370.2397.5425.3

451.7499.9564 5

429.4435.6443.4451.7

459.0471.1485.6499.9

511.7529.1546.9564.5

Farmprop-erties

6.6

6.56.46.05.44.9

4.84.95.15.35.6

6.16.77.27.78.2

9.09.8

10.411.112.1

12.813.915.216.818.9

21.223.325.527.529.5

31.232.935 6

29.830.330.831.2

31.831.932.432.9

33.534.435.135.6

Nonfarm properties

Total

28.9

30.031.230.829.929.7

30.836.943.950.957.1

66.775.684.293.6

105.4

120.9134.6146.1160.7178.7

194.0212.3233.4257.4281.2

304.6324.1344.8370.0395.9

420.5467.0528 9

399.6405.2412.5420.5

427.2439.3453.2467.0

478.2494.8511.9528.9

1- to 4-familyhouses

16.3

17.418.418.217.817.9

18.623.028.233.337.6

45.251.758.566.175.7

88.299.0

107.6117.7130.9

141.3153.0166.5182.2197.6

212.9223.6236.1251.2266.8

280.2307.8345 4

268.5271.7276.0280.2

283.6290.9299.7307.8

314.1324.6335.1345.4

Multi-familyprop-erties

5.6

5.75.95.85.85.6

5.76.16.67.58.6

10.111.512.312.913.5

14.314.915.316.818.7

20.322.925.829.033.6

37.240.343.947.352.2

58.066.876 5

53.254.556.158.0

59.762.164.366.8

68.871.373.876.5

Com-mer-cial

prop-erties i

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

54.560.164.871.476.9

82.392.4

107.0

77.879.080.482.3

83.986.389.292.4

95.398.9

102.8107.0

Nonfarm properties by type of mortgage

FHA-VA underwritten

Total

1.8

2.33.03.74.14.2

4.36.39.8

13.618.1

22.126.629.332.136.2

42.947.851.655.159.3

62.365.669.473.477.2

81.284.188.293.4

100.2

109.2120.7

101.9103.2106.8109.2

111.0114.4117.5120.7

123.7126.9

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

38.943.947.250.153.8

56.459.162.265.969.2

73.176.179.984.490.2

97.2105.2

91.692.295.197.2

98.3100.4102.9105.2

107.5109.6

FHAin-

sured

1.8

2.33.03.74.14.2

4.13.73.85.36.9

8.69.7

10.812.012.8

14.315.516.519.723.8

26.729.532.335.038.3

42.044.847.450.654.5

59.965.7

55.656.158.159.9

61.062.864.465.7

66.867.6

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

37.339.5

36.036.037.037.3

37.337.638.539.5

40.742.0

Conventional *

Total

27.1

27.728.227.125.825.5

26.530.634.137.339.0

44.649.054.961.569.2

78.086.894.6

105.5119.4

131.7146.7164.1184.0204.0

223.4240.0256.6276.6295.7

311.3346.3

297.6302.0305.7311.3

316.2324.9335.7346.3

354.5368.1

1- to 4-familyhouses

14.5

15.115.414.513.713.7

14.316.918.920.822.6

26.328.833.138.043.6

49.355.160.467.677.0

84.893.8

104.3116.3128.3

139.8147.6156.1166.8176.6

182.9202.6

176.9179.6181.0182.9

185.3190.5196.8202.6

206.6215.1

» Includes negligible amount of farm loans held by savings and loan associations.2 Derived figures.Source: Board of Governors of the Federal Reserve System, estimated and compiled from data supplied by various

Government and private organizations.


TABLE C-61.—Mortgage debt outstanding by lender, 1939-72



1939

194019411942. . . .19431944

19451946194719481949

1950 . . .1951195219531954

195519561957..1958.. I'. . '1959

19601961196219631964

19651966196719681969

19701971 »___1972*

1970: I . . . .I I . . .I l l -IV..

1971: I *_.II *..III *.IV »_

1972: I p . .ll»>.III p.IV P..

otal

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

206.8226.2248.6274.3300.1

325.8347.4370.2397.5425.3

451.7499.9564.5

429.4435.6443.4451.7

459.0471.1485.6499.9

511.7529.1546.9564.5

Selected financial institutions

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

264.6280.8298.8319.9339.2

355.9394.4449.2

340.7344.5349.7355.9

361.8372.0383.5394.4

404.2418.9434.2449.2

Savingsandloan

associa-tions

3.8

4.14.64.64.64.8

5.47.18.9

10.311.6

13.715.618.422.026.1

31.435.740.045.653.1

60.168.878.890.9

101.3

110.3114.4121.8130.8140.3

150.3174.4206.0

140.8143.1146.4150.3

154.2161.2168.2174.4

180.1188.9197.9206.0

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

57.962.067.6

56.456.957.457.9

58.759.660.662.0

63.064.465.967.6

Com-mercialbanksi

4.3

4.64.94.74.54.4

4.87.29.4

10.911.6

13.714.715.916.818.6

21.022.723.325.528.1

28.830.434.539.444.0

49.754.459.065.770.7

73.382.598.9

70.971.372.473.3

74.476.679.982.5

85.690.194.698.9

Lifeinsurance

com-panies

5.7

6.06.46.76.76.7

6.67.28.7

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

74.475.576.7

72.773.273.674.4

74.574.574.875.5

75.475.575.876.7

Other lenders

U.S.agencies 2

5.0

4.94.74.33.63.0

2.42.01.81.92.4

2.73.44.04.44.6

5.26.07.47.8

10.0

11.211.812.211.211.4

12.415.818.421.726.8

33.039.446.0

28.630.031.733.0

33.635.237.439.4

41.242.744.346.0

Indi-viduals

andothers

11.9

12.012.211.711.511.5

12.113.815.316.517.4

18.419.420.521.823.4

25.427.329.332.535.4

38.041.844.045.947.7

48.750.953.055.859.4

62.866.169.3

60.161.161.962.8

63.563.964.666.1

66.467.568.469.3

1 Includes loans held by nondeposit trust companies, but not bank trust departments.2 Includes former FNMA and new GNMA, as well as FHA, VA, PHA, Farmers Home Administration and in earlier years

RFC, HOLC, and FFMC. Also includes U.S.-sponsored agencies such as new FNMA, Federal Land Banks, GNMA (Pools),and FHLMC. Other U.S. agencies (amounts small or current separate data not readily available) included with "individualsand others."

Source: Board of Governors of the Federal Reserve System, based on data from various Government and privateorganizations.


TABLE C-62.—Net public and private debt, 1929-711


End of year

1929

1933

1939 .

19401941194219431944

1945194619471948 . .1949

1950195119521953 . . .1954

1 9 5 5 . . .19561 9 5 7 . .1958 _ .1959 . . .

196019611962 .19631964 .

1965 . .19661967 _19681969 _

19701971

Total

191.9

168.5

183.3

189.8211.4258.6313.2370.6

405.9396.6415 7431 3445.8

486.2519 2550 2581.6605.9

665.8698.4728.3769.6833.0

874.2930.3996.0

1,070.91,151.6

1, 244.11,341.41,443.11,585.31,723.2

1, 843.91,996.4

Public

Fed-eralGov-ern-

ment 2

16.5

24.3

42.6

44.856.3

101.7154.4211.9

252.5229.5221.7215.3217.6

217.4216 9221.5226.8229.1

229.6224.3223.0231.0241.4

239.8246.7253.6257.5264.0

266.4271.8286.5291.9289.3

301.1325.9

Fed-eral

finan-cial

agen-cies 3

0 7.6.7

.71 31 31.41.3

2.92.42.42.53.7

3.54.05.37.27.5

8.911.29.0

21.430.6

38.839.8

Stateandlocalgov-ern-

ments

13.6

16.3

16.4

16.416.115.414.513.9

13.413.715.017.019.1

21.724.227.030.735.5

41.144.548.653.759.6

64.970.577.083.990.4

98.3104.8113.4123.9132.6

146.8167.7

Private

Total

161.8

127.9

124.3

128.6139.0141.5144.3144.8

140.0153.4178.3198.4208.4

246.4276.8300.4322.7340.0

392.2427.2454.3482.4528.3

566.1609.1660.1722.3789.7

870.4953.5

1,034.31,148.21, 270.8

1, 357.31,463.0

Cor-porate

88.9

76.9

73.5

75.683.491.695.594.1

85.393.5

108.9117.8118.0

142.1162.5171.0179.5182.8

212.1231.7246.7259.5283.3

302.8324.3348.2376.4409.6

454.3506.6553.7628.0714.8

773.6827.3

Individual and noncorporate

Total

72.9

51.0

50.8

53.055.649.948.850.7

54.759.969.480.690.4

104.3114.3129.4143.2157.2

180.1195.5207.6222.9245.0

263.3284.8311.9345.8380.1

416.1446.9480.6520.3556.0

583.7635.7

Farm*

12.2

9.1

8.8

9.19.39.08.27.7

7.37.68.6

10.812.0

12.313.715.216.817.5

18.719.420.223.223.8

25.127.530.233.236.0

39.342.448.351.855.5

58.763.1

Nonfarm

Total

60.7

41.9

42.0

43.946.340.940.542.9

47.452.360.769.778.4

92.0100.6114.2126.4139.7

161.4176.1187.4199.7221.2

238.2257.3281.7312.6344.1

376.8404.5432.3468.5500.5

525.0572.6

Mort-gage

31.2

26.3

25.0

26.127.126.826.126.0

27.031.837.242.447.1

54.861.768.976.786.4

98.7109.4118.1128.1141.0

151.3164.5180.3198.6218.9

236.8251.6266.9284.9303.9

320.8352.3

Com-mer-cialand

finan-cial *

22.4

11.7

9.8

9.510.08.19.5

11.8

14.712.111.912.913.9

15.816.217.818.420.8

24.024.424.326.528.7

30.834.837.642.345.0

49.755.463.370.474.2

77.483.0

Con-sumer

7.1

3.9

7.2

8.39.26.04.95.1

5.78.4

11.614.417.4

21.522.727.531.432.5

38.842.345.045.151.5

56.158.063.871.780.3

90.397.5

102.1113.2122.5

126.8137.2

1 Net public and private debt is a comprehensive aggregate of the indebtedness of borrowers after eliminating certaintypes of duplicating governmental and corporate debt.

2 Net Federal Government and agency debt is the outstanding debt held by the public, as defined in the "Budget of theUnited States Government, for the Fiscal Year ending June 30,1974."

3 This comprises the debt of federally sponsored agencies, in which there is no longer any Federal proprietary interest.The obligations of the Federal Land Banks are included beginning with 1947, the debt of the Federal Home Loan Banksis included beginning with 1951, and the debts of the Federal National Mortgage Association, Federal Intermediate CreditBanks, and Banks for Cooperatives are included beginning with 1968.

• Farm mortgages and farm production loans. Farmers' financial and consumer debt is included in the nonfarm categories,s Financial debt is debt owed to banks for purchasing or carrying securities, customers'debt to brokers, and debt owed

to life insurance companies by policyholders.

Sources: Department of Commerce (Bureau of Economic Analysis), Treasury Department, Department of Agriculture,Board of Governors of the Federal Reserve System, Federal Home Loan Bank Board, Federal Land Banks, and FederalNational Mortgage Association.


GOVERNMENT FINANCETABLE C-63.—Federal budget receipts and outlays, fiscal years 1929-74


Fiscal year Receipts Outlays Surplus ordeficit ( - )

Administrative budget:

1929

1933

1939

Consolidated cash statement:

19401941194219431944

19451946194719481949

1950195119521953

Unified budget:

1954

19551956195719581959

1960196119621963 _1964

19651966196719681969

19701971197219731.19741

3,862

1,997

4,979

6,8799,20215,10425,09747,818

50,16243,53743,53145,35741,576

40,94053,39068,01171,495

69,719

65,46974,54779,99079,63679,249

92,49294,38999,676106, 560112,662

116,833130,856149,552153,671187,784

193,743188,392208,649224, 984255, 982

3,127

4,598

8,841

9,58913,98034, 50078,90993,956

95,18461,73836,93136,49340,570

43,14745,79767,96276,769

70,890

68,50970,46076,74182, 57592,104

92,22397,795106,813111,311118,584

734

- 2 , 6 0 2

- 3 , 8 6 2

- 2 , 7 1 0- 4 , 7 7 8

- 1 9 , 396- 5 3 , 8 1 2-46 ,138

-45 ,022-18 ,201

6,6008,8641,006

- 2 , 2 0 77,593

49- 5 , 2 7 4

- 1 , 1 7 0

- 3 , 0 4 14,0873,249

- 2 , 9 3 9- 1 2 , 8 5 5

269- 3 , 406- 7 , 1 3 7- 4 , 7 5 1- 5 , 9 2 2

118,430134,652158,254178,833184,548196,588211,425231,876249, 796268, 665

-1,596-3,796-8, 702-25,161

3,236-2,845-23,033-23,227-24, 812-12,683

i Estimate.

Note.—Certain interfund transactions are excluded from receipts and outlays starting in 1932. For years prior to 1932 theamounts of such transactions are not significant.

Refunds of receipts are excluded from receipts and outlays.

Sources: Treasury Department and Office of Management and Budget.


TABLE C-64.—Federal budget receipts, outlays, financing, and debt, fiscal years 1963-74

[Millions of dollars; fiscal years]

DescriptionActual

1963 1964 1965 1966 1967 1968

BUDGET RECEIPTS AND OUTLAYS:

Total receipts

Federal fundsTrus* fundsIntragovernmental transactions.

Total outlays

Federal fundsTrust fundsIntragovernmental transactions.

Total surplus or deficit ( - ) .

Federal funds..Trust funds...

BUDGET FINANCING:

Total means of financing.

Net borrowing from the public orrepayment of borrowing (—)

Other means of financing

OUTSTANDING DEBT, END OF YEAR:

Gross Federal debt..

Held by Government agencies..Held by the public

Federal Reserve System.Others

BUDGET RECEIPTS.

Individual income taxesCorporation income iaxesSocial insurance taxes and contributions...Excise taxes.Estate and gift taxesCustoms dutiesMiscellaneous receipts:

Deposit of earnings by Federal Re-serve System

Allother

BUDGET OUTLAYS.

National defenseInternational affairs and financeSpace research and technologyAgriculture and rural developmentNatural resources and environmentCommerce and transportationCommunity development and housingEducation and manpowerHealthIncome securityVeterans benefits and servicesInterestGeneral governmentGeneral revenue sharingAllowancesUndistributed intragovernmental transac-

tions:Employer share, employee retirement.Interest received by trust funds

106,560

83, 55025,799

- 2 , 7 8 8

111,311

90,14123,958

- 2 , 7 8 8

- 4 , 7 5 1

- 6 , 5911,841

4,751

6,088- 1 , 3 3 7

310,807

56,345254,461

32.027222,434

106, 560

47,58821, 57919,80413,1942,1671,205

828194

111,311

52, 2574,1152,5525,1381,4985,765- 8 8 01,5021,379

24,0845,5209,2151,810

112,662

87, 20528, 518-3,061

118,584

95,76125,884-3,061

-5,922

-8, 5562,634

5,922

3,0922,830

316,763

59, 210257, 553

34,794222, 759

112,662

48,69723,49322,01213, 7312,3941,252

947138

118,584

53, 5914,1174,1705,1841,9666,511-1851,7511,716

25,1105,6819,8102,040

116,833

90,94329, 230-3,339

118,430

94,80726, 962-3,339

-1, 596

-3,8642,268

1,596

4,061-2,465

323,154

61, 540261,614

39,100222, 514

130,856

101,42732, 997-3, 568

134,652

106, 51231, 708-3, 568

-3,796

-5,0851,289

3,796

3,076720

329,474

64,784264,690

42,169222,521

149,552

111,83542, 935-5,218

158,254

126,77936,693-5, 218

-8,702

-14,9446,242

8,702

2,8385,863

341,348

73,819267,529

46,719220,810

116, 833

48,79225,46122, 25814, 5702,7161,442

1,372222

118,430

49, 5784,3405,0914,8052,0567,399288

2,2841,704

25,7025,72210,3572,210

130,856

55,44630,07325, 56713,0623,0661,767

1,713162

134,652

56,7854,4905,9333,6762,0367,1712,6444,2582,509

29,0165,920

11, 2852,292

149,552

61, 52633,97133,34913,7192,9781,901

1,805303

158, 254

70,0814,5475,4234,3731,8787,5942,6165,8536,667

31,1646,897

12, 5882,510

- 1 , 1 5 9- 1 , 4 8 5

- 1 , 2 5 6- 1 , 6 2 1

- 1 , 3 2 9- 1 , 7 8 0

- 1 , 4 4 7- 1 , 917

- 1 , 6 6 1- 2 , 275



TABLE G—64.—Federal budget receipts, outlays, financing, and debt, fiscal years 1963—74—Con.

[Millions of dollars; fiscal years]

DescriptionActual

1969 1970 1971 1972

Estimate

1973 1974

BUDGET RECEIPTS AND OUTLAYS:Total receipts

Federal fundsTrust funds ,

I ntragovernmental transactions

Total outlays

Federal fundsTrust fundsI ntragovernmental transactions

Total surplus or deficit ( - )Federal fundsTrust funds

BUDGET FINANCING:Total means of financing

Net borrowing from the public or re-payment of borrowing ( — ) .

Other means of financing.OUTSTANDING DEBT, END OF YEAR:

Gross Federal debtHeld by Government agencies.Held by the public

Federal Reserve System.Others

187,784

143,32152,009-7,547

184,548

148,81143, 284-7,547

3,236

-5,4908,725

1-3,236

-1,044-2,192

367,144

87,661279,483

54,095225,388

193,743143,15859,362

-8,778

196,588

156,30149,065

-8,778-2,845

-13,14310,297

12,845

3,814

382,60397,723284,880

57,714227,166

188,392

133,78566,193

-11,586

211,425

163,65159,361

-11,586

-23,033

-29,8666,832

23,033

19,4483,585

409,467

105,140304,328

65,518238,810

208,649

148,84672,959

-13,156

231,876

177,95967,073

-13,156

-23,227

-29,1145,886

23,227

19,4423,785

437,328

113,559323,770

71,427252,343

224,984

154,25091,952

-21,218

249,796

188,39082,624

-21, 218

-24,812

-34,1409,328

24,812

25,000-188

473,325

124,555348,770

255,982

171,308105,471-20,797

268,665

199,10890,354

-20,797

-12,683

-27,80015,117

12,683

16,500-3,817

505,453

140,183365,270

BUDGET RECEIPTS.Individual income taxesCorporation income taxesSocial insurance taxes and contributions..Excise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts:

Deposit of earnings by Federal ReserveSystem

AllotherBUDGET OUTLAYS.

National defenseInternational affairs and financeSpace research and technology _Agriculture and rural developmentNatural resources and environmentCommerce and transportationCommunity development and housingEducation and manpowerHealthIncome securityVeterans benefits and servicesInterestGeneral governmentGeneral revenue sharingAllowancesUndistributed i ntragovernmental trans-

actions:Employer share, employee retirement..Interest received by trust funds

187,784

87,24936,67839,91815, 2223,4912,319

2,662247

184,54881,2323,7854,2476,2182,1697,9211,9616,52511,61137,6997,64015, 7912,866

193,743

90,41232,82945,29815,7053,6442,430

3,266158

196,588

80,2953,5703,7496,2012,5689,3102,9657,28912,90743,7908,67718,3123,336

188,392

86,23026,78548,57816,6143,7352,591

3,533325

211,42577,6613,0953,3815,0962,71611,3103,3578,22614, 46356,1409,77619,6093,970

208,649

94,73732,16653,91415,4775,4363,287

3,252381

231,87678,3363,7263,4227,0633,76111,2014,2829,75117,11264,87610, 73120,5824,891

-2,018-3,099

-2,444-3,936

-2,611-4, 765

-2,768-5,089

224,984

99,40033,50064,54015, 9704,6003,000

3,350625

249,796

76,4353,3413,0616,064

87612,5433,95710,50017,99175,88911,79522,8085,6316,786

500

-2,980-5,401

255,982

111,60037,00078,16216, 7985,0003,300

3,700422

268,66581,0743,8113,1355,5723,66311,5804,93110,11021,73081,97611,73224, 6726,0256,0351,750

-3,157-5,974

1 Excludes changes due to ^classification and to conversion of mixed-ownership enterprises to private ownership. (Seefootnotes to Table 9, "Budget of the United States Government for the Fiscal Year Ending June 30,1971," and footnotesto Table 10, "Budget of the United States Government for the Fiscal Year Ending June 30,1972.")

Sources: Treasury Department and Office of Management and Budget.


TABLE C-65.—Relation of the Federal budget to the Federal sector of the national income andproduct accounts, fiscal years 1971-74

[Billions of dollars; fiscal years]

Receipts and expenditures

RECEIPTS

Total receipts, budget

Government contribution for employee retire-ment (grossing)

Other netting and grossingAdjustment to accruals .Other

Federal sector, national income and product accounts,receipts

EXPENDITURES

Total outlays, budget

Lending and financial transactionsGovernment contribution for employee retirement

(grossing)Other netting and grossingDefense timing adjustmentOther. " ' I " " . " ' " -

Federal sector, national income and product accounts,expenditures...

Actual

1971

188.4

3 11.5.1

- . 1

193.0

211.4

- 3 . 2

3.11.5

- . 4.3

212.8

1972

208.6

3 31.3

- 1 . 2- . 2

211.9

231.9

- 2 . 4

3.31.3

- l ' . 3

233.1

Estimate

1973

225.0

3.61.73.6

- . 6

233.3

249.8

- . 9

3.61.72.82.9

259.9

1974

256.0

4.01.71.7

263.0

268.7

- 1 . 5

4.01.7

2.'3

275.5

Note.—See Special Analysis A, "Budget of the United States Government for the Fiscal Year Ending June 30,1974,"for description of these categories.

Sources: Treasury Department, Office of Management and Budget, and Department of Commerce (Bureau of EconomicAnalysis).


TABLE C-66.—Receipts and expenditures of the Federal Government sector of the national incomeand product accounts, 1949-74


Year or quarter

Fiscal year:1949195019511952. .1953195419551956195719581959 . . .1960196119621963196419651966.. . .196719681969197019711972 P1973 21974»

Calendar year:194919501951195219531954.. . .1955195619571958195919601961.19621963.196419651966.19671968. .196919701971.. . .1972 »

1971: 1 .11III. . . .IV

1972: 1 .ILIII .IV p

Total

40.042.060.865.169.365.867.275.880.777.985.494.895.3

104.2110.2115.5120.5132.8147.2160.6190.4195.0193.0211.9233.3263.0

38.949.964.067.270.063.872.177.681.678.789.796.598.3

106.4114.5115.0124.7142.5151.2175.0197.3191.6199.1228.3

196.4198.2199.1202.8221.4224.9229.8

1

Per-sonaltaxandnon-taxre-

ceipts

16.316.523.228.831.430.329.733.636.736.338.242.543.647.349.650.751.357.664.571.490.093.787.1

100.1104.2116.6

16.118.126.131.032.229.031.435.237.436.839.943.644.748.651.548.653.861.767.579.794.892.489.6

108.8

86.688.189.893.8

105.8107.3109.1113.1

Receipts

Cor-po-rate

profitstaxac-

cruals

11.011.921.519.319.717.318.721.120.617.821.522.320.322.923.525.727.731.031.233.737.433.132.033.538.741.6

9.817.021.518.519.517.020.620.620.218.022.521.721.822.724.626.429.332.130.736.736.630.433.136.0

33.934.433.231.134.035.236.7

Indi-rect

busi-nesstaxandnon-taxac-

cru-als

8.08.29.59.7

10.710.410.010.811.711.611.913.213.314.215.015.616.915.715.817.118.619.220.120.120.521.6

8.08.99.4

10.310.99.7

10.711.211.811.512.513.513.614.615.316.116.515.716.318.019.019.320.520.1

20.920.220.020.819.919.720.220.5

Con-tribu-tionsfor

socialinsur-ance

4.85.56.67.37.57.88 7

10.211.712.213.816.718.119.922 123.524 628.535.738.344.449.053.858.369 883.2

4.95 97.17 47.48.19.3

10 612.212 414 817.718.220.523.123 825.133.036 740.746.949.555.963.3

Expenditures

Total i

39.642.444.666.075.874.267.369.876.083.190.991.398.0

106.4111.4116.9118 5131.9154.5172.5185.7196.3212.8233.1259 9275.5

41.340.857.871 077.069.768.171 979.688.991 093.0

102.1110.3113.9118 1123.5142.8163 6181.5189.2204.5220.8246.8

Pur-chases

ofgoodsand

serv-ices

19.319.025.146.656.153.243 945.247.750 754.752.755.560.963 465.764 471.785.394 999.498.395.8

103.1105 8111.5

20.118 437.751 857.047.444 145 649.553 653 753.557.463.464.265 266.977.890 798.898.896.597.8

105.9

Seasonally adjusted

55.055.656.157.061.762.663.865.2

212.4221.2222.2227.5236.3246.5241.6262.9

96.296.397.9

100.7105.7108.1105.4104.5

Transferpayments

Toper-sons

8.111.38.18.59.3

10.512.112.814.417.819.820.623.625.126.427.328.331.837.242.748.554.867.575.888.999.1

8.710.88.58 89.5

11.512.413 415.719.520 121.524.925.527.027.830.333.440 046.150.361.172.480.8

annual

66.974.373.674.976.677.679.489.6

Tofor-eign-ers

(net)

5.04.33.12.62.11.72 1

8q788

2.12.12.12.22 22.32.22.12.22.02.32.82 72.8

5.13.63.12 12.01.82.01 91.81.81 81.92.12.22.22 22.22.32 22.12.12.22.62.7

rates

2.22.52.72.92.82.82.62.6

Grants-in-aid

to Stateandlocal

govern-ments

2.12.42.42.52.82.93.03.23.74.76.26.86.97.68.49.8

10.912.714.817.819.222.627.032.741.641.6

2.22.32.52 62.82.93.13 34.25.66 86.57.28.09.1

10.411.114.415 818.720.324.529.337.7

27.129.529.830.832.438.134.445.9

Netin-ter-est

paid

4.34.44.64.84.85.04.95.15.55.75.97.06.86.87.58.18.59.09.9

10.912.314.014.313.514.615.8

4.44.54.74.74.95.04.95.35.75.66.47.16.67.27.78.38.79.5

11.713.114.613.613.6

14.013.613.613.313.113.813.613.7

Subsi-dieslesscur-rentsur-plusof

gov-ern-mententer-prises

0.81.01.31.1.9

1.01.31.72.82.52.42.33.23.83.63.84.14.55.14.14.14.75.85.26.34.8

.81.21.31 0.8

1.11.52.42.62.72 12.53.84.03.64.24.35.44.64.14.65.55.26.1

6.05.14.65.05.66.06.26.6

Sur-plusor

defi-cit

na-'tion-al in-comeand

prod-uctac-

counts

0.4- . 516.2

-1 .0-6 .5-8 .5— 16.04.7

- 5 1-5 .5

3.5-2 .7-2 .1- 1 2-1 .4

2 0.9

-7 .3-11 9

4.7-1 .3

-19.7-21.1-26 6-12.5

-2 .49 16.2

- 3 8- 7 . 0-5 .9

4 05 72.1

-10 2- 1 2

3.5-3 .8-3 .8

.7- 3 0

1.2- . 2

-12.4-6 .5

8.1-12.9-21.7-18.5

-16.0-23.0-23.1-24.7-14.8-21.6-11.8

1 Wage accruals less disbursements have been subtracted from total. These were (in billions of dollars at seasonallyadjusted annual rates) .0, .0, .0, and .1 in the 4 quarters of 1971 and .0, — . 1 , .0, and .0 in the 4 quarters of 1972, respec-tively.

> Estimates.Sources: Department of Commerce (Bureau of Economic Analysis) and Office of Management and Budget.


TABLE C-67.—Public debt securities by kind of obligation, 1946-72


End of year ormonth

1946194719481949

19501951195219531954 . . .19551956195719581959

I960196119621963196419651966196719681969

197019711972

1971: Jan ._.FebMarAprMayJune

July . .AugSeptOctNov .Dec

1972:JanFebMarAprMay . .June.

JulyAugSept-OctNovDec . . .

Totalpublicdebt

securi-ties

259.1256 9252.8257.1

256.7259.4267.4275 2278 7280.8276 6274 9282.9290.8

290.2296.2303.5309.3317.9320.9329.3344.7358.0368.2

389 2424.1449.3

388.3390 7391.7391 9396.8398.1

405.3414.6412.3411.9414.6424.1

422.9424.0427.3425 3427.9427.3

432 4435.4433.9439 9444.2449.3

Interest-bearing public debt

Marketable public issuesby maturity class

Within1 yea-

54.849 644.649.4

49.447.157.773 962.861.768 675 372.679.9

75.385.987.389.488.593.4

105.2104.4108.6118.1

123 4119.1130.4

123.4115 5114.9113.5114.0112.8

115.0116.7117.7118.0108.9119.1

119.2122.1126.3122 3126.6121.9

122 5121.6121.3122 4128.6130.4

1 to 10years

61.756.155.151.8

50.556.762.250.464.768.658 956.971.083.7

89.584.795.694.2

100.495.687.597.0

103.493.3

104 9123.0117.7

104.9113 2113.2113 2112.5113.6

113.6114.0113.3115.3125.5123.0

123 0119.4119.5121 2115 9115.9

115 9114.9114.9116 9115 6117.7

10yearsandover

60.160.057.753.9

52.538.828.730.330.232.932 932.032.024.6

24.225.420.124.023.625.625.425.124.824.4

19 419.921.4

19.419 419.319 219.219.1

19.119.019.018.920.019.9

19.819.719.619 519.419.4

19 321.621.621 521.421.4

Nonmarketable publicissues

U.S.sav-ings

bondsand

notes

49.852.155.156.7

58.057.657.957.757.757.956.352.551.248.2

47.247.547.548.849.750.350.851.752.352.2

52.554.958.1

52.652.853.053.253.453.6

53.854.054.254.454.754.9

55.155.355.655 956.256.5

56 757.057.257 557.858.1

For-eignand

inter-na-

tional

0.5.7

1.31.82.41.53.24.44.7

6.517.421.3

6.16 56.98.9

11.712.0

15.019.717.916.816.917.4

17.617.517.219 118.919.7

22 722.422.521 921.721.3

Other

6.77.46.39.3

10.120.919.619 317.712.711 910.49.27.8

6.35.34.63.83.52.92.72.62.62.5

2.42.42.4

2.42.42.42.42.42.4

2.42.42.42.42.42.4

2.42.42.42 42.42.4

2 42.42.42 42.42.4

Specialissues

24.629 031 733.9

33 735 939.141 242 643 945 645 844 843.5

44 343.543.443 746 146.352 057.259.171.0

78 185.795.9

77.778 980.079 781.782.8

84.787.086.084.384.485.7

84.285.684.983 186.689.6

91 093.692.395 494.995.9

Maturedpublicdebtanddebtbear-ing nointer-

est

1 52 72 22.1

2 42 32.12 33 03 02 42 02 13.1

3 43.54.34 14 44.44 33 52.92 C

1 91.82.0

1.92 01.91.91.91.8

1.81.81.81.8l.S1.8

1.81.91.11.81.81.9

1.81.91.81.81.82.C

Source: Treasury Department.


TABLE C-68.—Estimated ownership of public debt securities, 1946-72

[Par values,i billions of dollars}

End of year ormonth

Total public debt securities3

Total

Held

Govern-ment

accounts

Held byFederalReserveBanks

Held by private investors

TotalCom-

mercialbanks'

Mutualsavingsbanks

and in-surance

com-panies

Othercorpo-

rations*

Stateand localgovern-ments s

Indi-viduals <

Miscel-laneousinves-tors?

1946194719481949195019511952195319541955...195619571958195919601961196219631964196519661967196819691970197119721971:Jan

Feb..Mar..Apr..May..June.July..Aug..Sept..Oct...Nov..Dec.

1972:Jan...Feb..Mar..

"::::::::::June.July..Aug..Sept..Oct...Nov..D e c .

259.1256.9252.8257.1256.7259.4267.4275.2278.7280.8276.6274.9282.9290.8290.2296.2303.5309.3317.9320.9329.3344.7358.0368.2389.2424.1449.3388.3390,7391.7391.9396.8398.1405.3414.6412.3411.9414.6424.1422.9424.0427.3425.3427.9427.3

432.4435.4433.9439.9444.2449.3

27.430.833.735.9

36.039.342.945.446.749.051.252.852.151.452.852.553.255.358.459.765.873.176.689.097.1

106.0116.996.798.098.899.1

101.8102.9104.9107.3106.5104.7104.7106.0104.4106.2105.5105.5109.1111.5112.8115.4113.5116.7116.1116.9

23.322.623.318.920.823.824.725.924.924.824.924.226.326.627.428.930.833.637.040.844.349.152.957.262.170.269.961.862.564.263.764.865.565.866.967.667.267.870.269.667.769.970.371.671.470.870.769.770.169.569.9

208.3203.6195.8202.4199.9196.3199.8203.8207.1207.0200.5197.9204.5212.7210.0214.8219.5220.5222.5220.5219.2222.4228.5222.0229.9247.9262.5229.9230.2228.7229.1230.2229.7234.6240.4238.2240.0242.1247.9248.9250.2251.9249.5247.2244.4248.8249.3250.7253.1258.6262.5

74.568.762.466.8

61.861.563.463.769.162.059.559.567.560.362.167.267.164.263.960.757.463.866.056.862.765.363.361.761.361.860.559.461.060.559.560.060.961.565.362.862.163.361.960.859.957.657.958.558.861.163.3

36.735.932.731.529.626.225.525.124.123.121.220.119.819.418.117.417.416.816.515.614.112.711.610.09.89.38.8

10.010.19.69.69.79.49.69.59.39.39.29.39.29.29.29.19.18.98.88.68.98.68.78.8

15.314.114.816.819.720.719.921.519.123.218.717.718.121.418.718.518.618.718.215.814.912.214.211.79.4

12.412.79.8fr.O9.69.29.5

10.111.110.810.211.011.912.411.812.111.610.511.310.310.09.58.8

10.412.012.7

6.37.37.98.18.89.6

11.112.714.415.416.316.616.518.018.719.020.121.121.222.924.324.124.425.925.225.028.8

25.426.326.025.625.725.5

26.125.425.325.224.725.025.526.225.825.725.525.926.526.527.228.027.928.8

64.165.765.566.366.364.665.264.863.565.065.964.963.769.466.165.966.068.269.872.174.674.075.881.4

81.974.074.981.280.179.178.577.276.2

75.975.675.375.074.274.0

73.673.674.774.674.474.074.374.274.074.174.574.9

11.411.912.512.913.613.714.716.116.918.318.919.118.924.326.526.930.231.633.033.433.935.736.736.2

41.061.974.041.743.442.645.748.847.651.359.558.258.760.561.966.067.067.467.766.265.571.672.673.373.274.474.0

i U.S. savings bonds, series A-F and J, and U.S. savings notes are included at current redemption value.s Not all of total shown is subject to statutory debt limitation.»Includes commercial banks, trust companies, and stock savings banks in the United States and Territories and island

« Exclusive of banks and insurance companies.«Includes trust, sinking, and investment funds of State and local governments and their agencies, and of Territories

and possessions.6 Includes partnerships and personal trust accounts.7 Includes savings and loan associations, nonprofit institutions, corporate pension trust funds, dealers and brokers,

Federal oriented agencies not included in Government accounts, and investments of foreign balances and internationalaccounts in this country. Beginning with December 1946, the international accounts include investments by the I nternationalBank for Reconstruction and Development, the International Monetary Fund, the International Development Association,the Inter-American Development Bank, and various United Nations' funds, in special non-interest-bearing notes andbonds issued by the U.S. Government.



TABLE C-69.—Average length and maturity distribution of marketable interest-bearingpublic debt, 1946-72

End of year or monthAmount

out-standing

Maturity class

Within1 year

Ito5years

5 to 10years

10 to 20years

20 yearsAverage length

Millions of dollars Years

Fiscal year:1946.. .1947...1948.. .1949—

1950...1951. . .1952.. .1953. . .1954.. .

1955.. .1956...1957.. .1958—1959...

1960.. .1961—1962., .1963—1964.. .

1965.. .1966.. .1967.. .1968...1969—

1970...1971—1972—

1971: Jan..Feb..Mar..Apr..May..June.

July..Aug..Sept..Oct..Nov..Dec.

1972: Jan..Feb..Mar_.Apr..May..June.

July..Aug..Sept.Oct..Nov..Dec.

189,606168,702160,346155.147

155,310137,917140,407147,335150,354

155,206154,953155,705166,675178,027

183,845187.148196,072203,508206,489

208,695209,127210,672226,592226,107

232,599245,473257,202

247,667248,092247,457245,888245,635245,473

247,649249,654249,931252, 240254,456262,038

261,918261, 215265,380262,989261,924257,202

257,717258,095257,720260,863265,621269,509

61,97451,21148,74248,130

42,33843,90846,36765,27062,734

49,70358,71471,95267,78272,958

70,46781,12088,44285,29481,424

87,63789,13689,648106,407103,910

105,530112,772121,944

123,418115,534114,940113,466113,959112,772

115,014116,664117,662118, 007108,911119,141

119,152122,067126,315122,263126,617121,944

122, 528121,589121,260122,442128,569130,422

24,76321,85121,63032,562

51,29246,52647,81436,16129,866

39,10734,40140,66942, 55758,304

72,84458,40057,04158,02665,453

56,19860,93371,42464,47062,770

89,61589,07489,004

82,31686,01186,02585,99088,00489,074

89,07792,86590,91592,94096,20493,648

93,64693,08993,10694,84989,00589, 004

89,00485,73085,73087,76286,46488,564

41,80735,56232,26416,746

7,7928,70713,93315,65127,515

34,25328,90812,32821,47617,052

20,24626,43526,04937,38534,929

39,16933,59624,37830,75434,837

15,88224,50326,852

22,55327,19727,19927,19924, 50224, 503

24, 50321,11522, 39722,39729, 32129,321

29,31826,34726,34926,34826, 85326,852

26,85229,14929,14829,14729,14629,143

17,46118,59716,22922; 821

28,03529,97925,70028,66228,634

28,61328,57826,40727,65221,625

12,63010,2339,3198,3608,355

8,4498,4398,4258,4078,374

10,5248,4559,343

8,5428,5298,5138,4918,4728,455

8,4358,4208,4048,3859,5669,530

9,4849,4599,4199,3929,3639,343

9,31815,41915,39415,36315, 33015,301

43,59941,48141,48134,888

25,8538,7976,5941,5921,606

3,5304,3514,3497,2088,088

7,65810,96015,22114,44416,328

17,24117,02316,79716, 55316,217

11,04810,67010,059

10,83910,82110,78010, 74210,69910,670

10,62210,59010,55310, 51110,45410,397

10,31710, 25310,19110,13710,08610,059

10,0156,2086,1886,1516,1126,079

Note.—All issues classified to final maturity except partially tax-exempt bonds, which were classified to earliest calldate (the last of these bonds were called on August 14,1962, for redemption on December 15,1962).



TABLE C-70.—Receipts and expenditures of the government sector of the national income and productaccounts, 1929-72


Calendar year or quarter

1929

1933.. .

1939

1940194119421943194419451946 " "194719481949 . .

195019511952195319541955...1956195719581959

1960196119621963196419651966 .19671968...1969

19701S71 .1972 v

1970: 1IIIllIV

1971: 1IIIII .IV

1972: 1IIIllIV *

Total government

Re-ceipts

11.3

9.3

15.4

17.725.032.649 251.253 250.956.858.956.0

68.784.889.894.389.7

100 4109.0115.6114 7128.9

139.8144.6157.0168.8174 1189 1213 3228.9263.5296.7

302.0321.6365.7

Ex-pendi-tures

10.3

10.7

17.6

18.428.864.093 3

103.092 745.542.450.359.1

60 879.093.7

101 296.797 6

104.1114.9127 2131.0

136.1149.0159 9166.9175 4186 9212 3242.9270.3287.9

312.1338.5372.0

Sur-plus ordeficit

nationalincome

andprod-

uct ac-counts

1.0

- 1 . 4

- 2 . 2

—.7—3.8

-31.4-44 1-51.8—39 5

5.414.48.5

- 3 . 2

7 95.8

- 3 . 8—6 9- 7 . 0

2 74.9.7

-12.5- 2 . 1

3.7- 4 . 3- 2 . 9

1.8- 1 4

2.21 l

-13.9- 6 . 8

8.8

-10.1-16.9- 6 . 2

Federal Government

Re-ceipts

3.8

2.7

6.7

8 615.422.939 341.042 539.143.243.338.9

49 964.067.270.063.872 177.681.678.789.7

96.598.3

106 4114.5115 0124 7142 5151.2175.0197.3

191.6199.1228.3

Ex-pendi-tures

2.6

4.0

8.9

10.020.556.185 895.584.635.629.834.941.3

40.857.871.077.069.768.171.979.688.991.0

93.0102.1110.3113.9118 1123 5142 8163.6181.5189.2

204.5220 8246.8

Sur-plus ordeficit

nationalincome

andprod-uct ac-counts

1.2

- 1 . 3

- 2 . 2

—1.3- 5 . 1

-33.1—46 6-54.5—42 1

3.513.48.4

- 2 . 4

9.16.2

- 3 . 8- 7 . 0- 5 . 9

4.05.72.1

—10.2- 1 . 2

3.5- 3 . 8—3.8

.7- 3 0

1 2—.2

-12.4- 6 . 5

8.1

-12.9-21.7-18.5

State and localgovernment

Re-ceipts

7.6

7.2

9.6

10.010.410.610 911.111 612.915.317.619.3

21.123.325.227.228.831.434.738.241.646.0

49.953.658.663.469 575 585 293.5

107.1119.7

135.0151.8175.2

Ex-pendi-tures

7.8

7.2

9.6

9.39.18.88 48.59 0

11 014.317 420.0

22 323.725.327.029.932 735.639.544.046.8

49.654.157.662.267 874 583 995.1

107.5119.0

132.1147.0162.9

Sur-plus ordeficit(->,

nationalincome


- 0 . 2

- . 1

0).6

1.31.82.52.72.61.91.0.1

- . 7

- 1 . 2—.4

(2).1

- 1 . 1- 1 . 3- . 9

- 1 . 4- 2 . 3- . 8

.2

.91.21.71 01.3

- 1 . 6- . 3

.7

2.84.8

12.3


299.0303.7303.0302.4

313.5318.8323.3330.7

353.8361.4368.8

299.1313.2314.7321.2

327.5336.9340.2349.4

361.6368.3371.2386.9

- 0 . 2- 9 . 6

-11.8-18.8

-14.0-18.0—16.9-18.7

- 7 . 7- 6 . 9- 2 . 4

192.2194.2190.9189.1

196.4198.2199.1202.8

221.4224.9229.8

195.9207.5205 6208.8

212.4221.2222.2227.5

236.3246.5241.6262.9

- 3 . 8-13.4-14.7-19.7

-16.0-23.0-23.1-24.7

-14.8-21.6-11.8

130.1133.6137 1139.1

144.2150.1154.0158.7

164.8174.6173.4

126.5129.8134.1138.2

142.2145.2147.8152.7

157.7159.9164.0169.9

3.63.82.9.9

2.05.06.26.0

7.114.89.4

i Surplus of $32 million.'Deficit of $41 million.

Note.—Federal grants-in-aid to State and local governments are reflected in Federal expenditures and State and localreceipts and expenditures. Total government receipts and expenditures have been adjusted to eliminate this duplication.



T A B L E C-71.—Receipts and expenditures of the State and local government sector of the nationalincome and product accounts, 1946-72


Calendaryear orquarter

1946194719481949

19501951..1952..19531954..

1955..195619571958.1959.

19601961.1962.19631964.

19651966.19671968.1969-

19701971.1972 «

1970-

1971:

1972

>

|IIIllIV

IIIIllIV

1IIIll . . . .IV*

Receipts

Total

12.915.317.619.3

21.123.325.227.228.8

31.434.738.241.646.0

49.953.658.663.469.5

75.585.293.5

107.1119.7

135.0151.8175.2

Per-sonaltaxand

nontaxeceipts

1.51.82.12.4

2.62.93.13 43.7

4.14.75.25.66.3

7.37.78.79.4

10.8

11.813.715.518.321.7

24.327.431.9

Cor-poratejrofitstax

ccruals

0.5.6.7.6

.8

.9

.88

.8

1.01 01.01.01.2

1.31.41.41.71.9

2.12.22 43.23.4

3.84.25.0

ndirectbusi-nesstaxand

nontaxccruals

9.310 612.113.3

14.515.817.318 719.7

21.423 625.527.028.9

31.734.136.939.442.3

45.949.954 160.667.0

74.181.490.0

Contri-butions

forsocialinsur-ance

0.5.6

.8

1.01.21.31 51.7

1.82 02 32.52.7

3.03.23.53.84.1

4.55.05 76.47.3

8.39.4

10.6

Fed-eral

grants-n-aid

1.11.72.02.2

2.32.52.62 82.9

3.13 34.25.66.8

6.57.28.09.1

10.4

11.114.415 818.720.3

24.529.337.7

Expenditures

Total *

11.014.317.420.0

22.323.725.327 029.9

32.735.639.544.046.8

49.654.157.662.267.8

74.583.995 1

107.5119.0

132.1147.0162.9

Pur-chases

ofgoodsandserv-ices

9.812 615.017.7

19.521.522.924 627.4

30.133 036 640.643.3

46.150.253.758.263.5

70.179.089 4

100.8111.2

122.5135.0148.9

Trans-fer

pay-ments

toper-sons

1.72 32.92.9

3.53.03.23.33.4

3.73.84.24.64.8

5.15.55.76.06.5

6.97.78.7

10.011.6

14.116.618.3

Netnterestpaid

0.3

.3

.3

.3

.3

.3

.5

.5

.5

.6

.7

.7

.8

.8

.8

.5

.3

.2

.0- . 2

- . 5- . 1- . 1

Less:Currenturplus

of gov-ern-ment

enter-prises

0.78

.8

.9

91.11.11 21.4

1.61 71.81.82.0

2.22.32.62.82.9

3.03.13 23.43.5

4.04.34.4

Surplusor

deficit

nationalincome


1.91 0.1

- . 7

- 1 2- . 4

C)

-1 .1

-1 .3- 9

- 1 4- 2 . 3- . 8

.2- . 5

9?

.7

n

- . 3.7

2.84.8

12.3


130,1133.6137.1139.1

144.2150.1154.0158.7

164.8174.6173.4

23.724.124.624.9

25.827.127.729.2

30.632.132.032.8

3.83.83.93.5

4.24.34.34.1

4.74.95.1

71.473.475.276.2

78.380.182.684.8

86.889.091.292.9

7.98.18.48.6

9.09.29.59.8

10.210.510.711.0

23.324.125.025.8

27.129.529.830.8

32.438.134.445.9

126.5129.8134.1138.2

142.2145.2147.8152.7

157.7159.9164.0169.9

117.6120.5124.3127.6

130.8133.3135,7140.2

143.7146.0150.2155.8

13.113.714.515.2

16.016.316.717.2

17.818.118.418.8

- 0 . 5

- ! 6- . 4

- . 2

- ! l- . 1

.0

.0- . 1- . 3

3.73.94.14.3

4.34.34.34.3

4.44.44.44.5

3.63.82.9.9

2,05.06.26.0

7.114.89.4

1 Wage accruals less disbursements have been subtracted from total. These were (in billions of dollars, at seasonallyadjusted annual rates) .0 in each of the 4 quarters of 1970, and .0, .0, .3, and .4 in the 4 quarters of 1971 and —.6, — . 1 , .0,and .0 in the 4 quarters of 1972. respectively.

2 Deficit of $41 million.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE C-72.—State and local government revenues and expenditures^ selected fiscal years\ 1927-71

[Millions of dollars)

Fiscal year *

General revenues by source*

TotalProp-erty

taxes

Salesand

grossre-

ceiptstaxes

Indi-vidualincometaxes

Corpo-ration

netincometaxes

Reve-nue

fromFederalGovern-

ment

Allotherreve-nues 3

General expenditures by function 3

Total Edu-cation

High-ways

Publicwel-fare

Allother*

1927—

1932...1934...1936...1938...

1940...1942...1944...1946...1948...

1950...1952...1953...1954...

1955...1956...1957...1958...1959...

1960...1961..1962...1963...

1962-63«1963-64 8.. .1964-65*...

1965-66«...1966-67*...1967-68*...1968-69*1969-70*

1970-71*...

7,271

7,2677,6788,3959,228

9,110,41810,90812,35617,250

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

144,927

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

24,67026,04"27,74;30,67334,054

37,852

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

33,233

70

7480153218

224276342422543

788998

1,0651,127

1,2371,5381,7541,7591,994

2,4632,6133,0373,269

3,2673,7914,090

4,7605,8267,3088,90810,812

11,900

92

7949113165

156272451447592

593846817778

744890984018001

,180,266,3081,505

1,5051,6951,929

2,0382,2272,5183,1803,738

3,424

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

26,146

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

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

19,26921,19723,598 102,411

82,84393,350

26,118 116,728131,33229,971

32,374 150,674

2,235

2,3111,8312,1772,491

2,6382,5862,7933,3565,379

7,1778,3189,39010,557

11,90713,22014,13415,91917,283

18,71920,57422,21623,776

23,72926,28628,563

33,28737,91941,15847,23852,718

59,413

1,809

1,7411,5091,4251,650

1,5731,4901,2001,6723,036

3,8034,6504,9875,527

6,4526,9537,8168,5679,592

9,4289,844

10,35711,136

11,15011,66412,221

12,77013,93214,48115,41716,427

18,095

151

8271,069

1,1561,2251,1331,4092,099

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

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

18,226 54,940

i Fiscal years not the same for all governments. See footnote 5.3 Excludes revenues or expenditures of publicly owned utilities and liquor stores, and of insurance-trust activities.

Intergovernmental receipts and payments between State and local governments are also excluded.3 Includes licenses and other taxes and charges and miscellaneous revenues.* 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, 2nd un-allocable expenditures.

* Data for fiscal year ending in the 12-month period through June 30. Data for 1963 and earlier years include local govern-ment amounts grouped in terms of fiscal years ended during the particular calendar year.

Note.—Data are not available for intervening years.See Table C-62 for net debt of State and local governments.



CORPORATE PROFITS AND FINANCE

TABLE C-73.—Profits before and after taxes, all private corporations, 1929-72


Year orquarter

1929

1933 . .

1939

19401941194219431944 . .19451946194719481949 .

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

197019711972 P

1970: 1IIIIIIV

1971: 1IIIIIIV

1972: 1IIIll ....IV v

Corporate profits (before taxes) andinventory valuation adjustment

Allin-

dus-tries

10.5

- 1 . 2

6.3

9.815.220.324.423.819.219.325.633.030.8

37.742.739.939.638.046.946.145.641.151.7

49.950.355.758.966.376.182.478.784.379.8

69.978.687.7

Manufacturing

Total

5.2

- . 4

3.3

5.59.5

11.813.813.29.79.0

13.617.616.2

20.924.621.622.019.926.024.724.019.326.3

24.423.326.628.832.739.342.638.741.736.6

27.730.937.6

Dur-able

goodsin-

dus-tries

2.6

- . 4

1.7

3.16.47.28.17.44.52.45.87.58.1

12.013.211.711.910.514.312.813.39.3

13.6

12.011.414.115.817.822.824.020.722.418.8

11.014.118.7

Non-dur-able

goodsin-

dus-tries

2.6

.0

1.7

2.43.14.65.75.95.26.67.8

10.08.1

8.911.49.9

10.19.4

11.811.910.710.012.7

12.411.912.513.014.916.618.618.019.317.7

16.716.818.9

Trans-porta-tion,com-muni-cation,

andpublicutilities

1.8

.0

1.0

1.32.03.44.43.92.71.82.23.03.0

4.04.64.95.04.75.65.95.85.97.0

7.57.98.59.5

10.111.111.910.810.610.1

7.68.28.8

Allother

in-dus-tries

3.4

- . 8

2.0

3.03.75.16.26.76.78.59.9

12.511.6

12.713.513.312.613.415.215.615.815.918.4

17.919.120.520.623.525.627.929.132.033.1

34.639.541.3

Cor-po-rateprof-

itsbe-fore

taxes

10.0

1.0

7.0

10,017.721.525.124.119.724.631.535.228.9

42.643.938.940.638.348.648.847.241.452.1

49.750.355.459.466.877.884.279.887.684.9

74.383.393.7

Cor-po-ratetaxlia-bil-ity i

1.4

.5

1.4

2.87.6

11.414.112.910.79.1

11.312.510.4

17.822.319.420.317.721.621.721.219.023.7

23.023.124.226.328.331.334.333.239.940.1

34.137.341.0

Corporate profitsafter taxes

Total

8.6

.4

5.6

7.210.110.111.111.29.0

15.520.222.718.5

24.921.619.620.420.627.027.226.022.328.5

26.727.231.233.138.446.549.946.647.844.8

40.245.952.6

Divi-dends

5.8

2.0

3.8

4.04.44.34.44.64.65.66.37.07.2

8.88.68.68.99.3

10.511.311.711.612.6

13.413.815.216.517.819.820.821.423.624.3

24.825.426.4

Un-dis-trib-utedprof-its

2.8

- 1 . 6

1.8

3.25.75.96.66.54.49.9

13.915.611.3

16.013.011.011.511.316.515.914.210.815.9

13.213.516.016.620.626.729.125.324.220.5

15.420.526.3

Corpo-rate

capitalcon-

sump-tion

allow-ances 2

4.2

3.8

3.7

3.84.25.05.46.16.44.75.87.07.9

8.810.311.513.2

| 15.017.418.920.822.023.5

24.926.230.131.833.936.439.543.046.851.9

55.260.367.7

Profitsplus

capitalcon-

sump-tion

allow-ances 3

12.8

4.2

9.3

11.014.415.216.417.215.420.226.029.726.5

33.731.831.033.535.544.446.146.844.352.0

51.653.561.364.872.382.989.589.694.696.8

95.3106.2120.3


69.371.572.066.9

76.680.178.379.4

81.886.189.6

29.429.928.922.6

30.931.230.131.2

35.437.037.9

13.113.0U. 76.2

14.314.413.314.3

17.719.418.4

16.417.017.216.4

16.616.816.916.9

17.717.619.5

8.07.47.87.2

7.88.88.57.6

7.88.89.6

31.934.135.337.0

37.840.139.640.6

38.540.342.1

75.875.276.669.6

81.384.584.183.2

88.291.695.7

34.334.635.432.2

38.038.637.535.3

38.840.141.8

41.440.641.237.4

43.245.846.648.0

49.551.553.9

24.824.724.924.7

25.525.425.525.2

26.026.226.526.7

16.615.816.312.7

17.720.421.022.7

23.525.327.3

54.454.855.256.1

57.559.461.263.0

64.868.068.469.5

95.895.496.593.5

100.7105.2107.8110.9

114.3119.5122.2

i Federal and State corporate income and excess profits taxes.> Includes depreciation and accidental damages.3 Corporate profits after taxes plus corporate capital consumption allowances.



TABLE C-74.—Sales, profits, and stockholders9 equity, all manufacturing corporations, 1947-72


Year orquarter

All manufacturingcorporations i

Sales(net)

Profits

BeforeFederalincometaxes

AfterFederalincometaxes

Stock-holders'equity 2


Sales(net)

Profits


AfterFederalincometaxes

Stock-holders'equity 2

Nondurable goodsindustries 1

Sales(net)

Profits


AfterFederalincomitaxes

Stock-holders'equity *

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701 9 7 1 3 . . . .

1970: I . . .I I . . .I I I . .IV..

1971: I . . .II—III..IV 3.

1972: I . . .I I . . .III..

150.7165.6154.9

181.9245.0250.2265.9248.5

278.4307.3320.0305.3338.0

345.7356.4389.9412.7443.1

492.2554.2575.4631.9694.6

708.8751.4

170.4181.3176.7180.4

177.5191.4185.6196.9

197.5213.5210.9

16.618.414.4

23.227.422.924.420.9

28.629.828.222.729.7

27.527.531.934.939.6

46.551.847.855.458.1

48.153.2

12.113.711.710.7

12.114.512.813.7

13.916.715.1

10.111.59.0

12.911.910.711.311.2

15.116.215.412.716.3

15.215.317.719.523.2

27.530.929.032.133.2

28.631.3

6.98.07.06.7

7.08.57.58.2

7.99.68.8

65.172.277.6

83.398.3

103.7108.2113.1

120.1131.6141.1147.4157.1

165.4172.6181.4189.7199.8

211.7230.3247.6265.9289.9

306.8320.9

300.9306.0309.5310.8

314.0319.0323.2327.3

333.3341.1348.1

66.675.370.3

86.8116.8122.0137.9122.8

142.1159.5166.0148.6169.4

173.9175.2195.5209.0226.3

257.0291.7300.6335.5366.5

363.1382.5

87.295.489.790.8

90.799.892.699.4

100.0111.6106.2

7.68.97.5

12.915.412.914.011.4

16.516.515.811.415.8

14.013.616.718.521.2

26.229.225.730.631.5

23.026.5

5.97.35.34.5

6.07.85.86.9

7.39.67.5

4.55.44.5

6.76.15.55.85.6

8.18.37.95.88.1

7.06.98.69.5

11.6

14.516.414.616.516.9

12.914.5

3.24.02.92.8

3.24.33.23.8

3.95.34.2

31.134.137.0

39.947.249.852.454.9

58.865.270.572.877.9

82.384.989.193.398.5

105.4115.2125.0135.6147.6

155.1160.6

152.2155.1156.6156.6

158.0160.3161.2162.8

165.9170.8174.1

84.190.484.6

95.1128.1128.0128.0125.7

136.3147.8154.1156.7168.5

171.8181.2194.4203.6216.8

235.2262.4274.8296.4328.1

345.7368.9

83.286.087.089.6

86.991.693.197.4

97.5101.9104.7

9.09.57.0

10.312.110.010.49.6

12.113.212.411.313.9

13.513.915.116.418.3

20.322.622.024.826.6

25.226.7

6.26.46.46.2

6.16.87.06.8

6.67.27.6

5.66.24.6

6.15.75.25.55.6

7.07.87.56.98.3

8.28.59.2

10.011.6

13.014.614.415.516.4

15.716.7

3.74.04.04.0

3.84.24.34.4

4.14.34.6

34.038.140.6

43.551.153.955.758.2

61.366.470.674.679.2

83.187.792.396.3

101.3

106.3115.1122.6130.3142.3

151.7160.3

148.7151.0152.9154.2

156.0158.7162.0164.6

167.4170.3174.1

1 Includes newspapers beginning 1969.2 Annual data are average equity for the year (using four end-of-quarter figures).3 Data for fourth quarter and year 1971 are for industry classifications prior to the reclassifications made during the fourth

quarter.

Note.—For explanatory notes concerning compilation of the series, see "Quarterly Financial Report for ManufacturingCorporations," Federal Trade Commission.

Data are not necessarily comparable from one period to another due to changes in accounting procedures, industryclassifications, sampling procedures, etc. Specific information about the effects of the more significant changes and re-visions is contained in the following issues of the "Quarterly Financial Report": third quarter 1953, third quarter 1956,first quarter 1959, and first quarter 1965.

Source: Federal Trade Commission.


T A B L E C—75.—Relation of profits after taxes to stockholders9 equity and to sales, all manufac-turing corporations, by industry group, 1950-72

Year orquarter

Allman-ufac-tur-ingcor-pora-tions !


Totaldur-

able2

Mo-tor

vehi-clesand

equip-ment

Air-craftandparts

Elec-tricalma-

chin-ery,

equip-ment,andsup-plies

Ma-chin-ery(ex-ceptelec-trical)

Fab-ri-

catedmetalprod-ucts

Pri-maryironandsteelin-

dus-tries

Pri-marynon-fer-rousmetal

in-dus-tries

Stone,clay,and

glassprod-ucts

Furni-tureandfix-

tures

Lum-berand

woodprod-ucts(ex-cept

furni-ture)

In-stru-mentsandre-

latedprod-ucts

Ratio of profits after Federal income taxes (annual rate) to stockholders' equity—percent3

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

19701971

1971: I . .II.III.IV.

1972: I . .II.III.

1950.195119521953195419551956195719581959

1960196119621963196419651966196719681969

19701971

1971: I . . . .I I . . .III..IV..

1972: I . . .II . . .I I I . . . .

15.412.110.310.59.9

12.612.310.98.6

10.4

9.28.99.8

10.311.613.013.411.712.111.5

9.39.7

8.910.79.39.89.5

11.310.1

16.913.011.111.110.313.812.811.38.0

10.4

8.58.19.6

10.111.713.814.211.712.211.4

8.39.0

8.010.88.19.39.3

12.49.6

25.314.313.913.914.121.713.114.28.2

14.5

13.511.416.316.716.919.515.911.715.112.6

6.113.1

14.815.67.0

14.716.218.75.5

17.713.28.1

7.39.8

12.711.312.215.214.412.914.210.6

6.85.8

5.46.76.54.46.49.16.8

20.914.013.713.112.412.311.412.510.212.5

9.58.9

10.010.111.213.514.812.812.211.1

9.19.5

,8.09.79.4

10.88.5

11.110.2

14.113.011.39.88.6

10 312.610.76.99.7

7.57.89.19.6

12.514.115.012.912.312.2

9.88.7

7.59.38.49.69.5

12.011.3

16.013.410.19.87.6

10.010.79.37.38.0

5.65.97.98.3

10.113.214.712.711.711.3

8.58.3

7.110.29.46.49.4

12.312.0

14.312.38.5

10.78.1

13.512.711.47.28.0

7.26.15.47.08.89.8

10.27.77.67.6

4.34.5

5.08.5.5

4.14.07.55.0

15.113.811.611.110.415.516.49.36.07.9

7.17.17.57.69.8

11.914.810.910.812.2

10.65.1

6.78.12.13.35.77.54.9

17.714.211.711.812.515.614.912.410.212.7

9.98.98.98.79.6

10.39.98.29.29.2

6.99.2

3.112.512.18.85.0

12.713.4

15.211.38.68.26.09.2

11.68.56.38.9

6.54.97.98.3

10.113.414.212.112.212.6

7.99.5

4.910.511.5,11.09.8

14.313.2

17.511.98.57.16.3

11.18.74.75.79.4

3.64.15.68.29.9

10.110.08.6

14.613.0

5.611.4

6.712.414.012.212.318.618.7

16.713.211.611.412.312.512.412.010.613.1

11.610.612.012.114.417.520.918.016.615.6

14.313.6

10.214.215.014.712.814.215.1

7.14.84.34.34.55.45.34.84.24.8

4.44.34.54.75.25.65.65.05.14.8

4.04.1

3.94.54.14.14.04.54.2

Profits after Federal income taxes per dollar of sales—cents

7.75.34.54.24.65.75.24.83.94.8

4.03.94.44.55.15.75.64.84.94.6

3.53.8

3.54.33.53.83.94.74.0

8.34.74.73.95.16.95.25.44.06.3

5.95.56.96.97.07.26.24.95.74.7

2.64.6

5.25.42.84.95.45.82.1

"2.9"2.41.6

1.41.82.42.32.63.33.02.73.23.0

2.01.8

1.71.92.21.42.12.92.3

7.25.04.54.14.54.43.84.23.84.4

3.53.53.73.84.24.84.84.44.33.9

3.33.5

3.13.73.63.83.24.03.8

7.35.54.84.24.45.15.44.83.74.8

3.94.14.54.75.86.26.45.75.55.4

4.64.2

3.84.34.14.64.75.45.3

6.85.04.03.63.13.84.03.63.13.2

2.42.53.13.23.74.54.94.54.13.8

3.02.9

2.63.53.32.13.13.83.9

7.95.84.75.35.37.26.76.65.45.4

5.14.63.94.85.65.75.84.84.64.4

2.52.6

2.94.1.3

2.52.33.72.6

10.27.86.76.36.68.39.36.64.75.8

5.45.35.55.36.57.38.26.86.26.6

6.23.3

4.44.81.42.33.74.53.2

10.17.16.66.57.48.68.27.56.87.9

6.65.85.65.35.65.95.64.85.24.7

3.64.5

1.85.85.44.32.75.85.9

5.13.42.72.62.12.93.42.62.02.7

2.11.62.32.42.93.73.93.53.43.5

2.53.0

1.73.33.63.33.03.93.6

9.45.54.13.53.45.43.92.32.84.2

1.71.92.53.33.94.03.83.45.34.8

2.54.4

3.04.75.24.54.45.85.7

8.66.14.84.65.56.05.85.75.46.5

5.95.45.96.07.28.69.58.58.17.8

7.37.2

5.77.48.07.77.37.68.0



TABLE C-75.—Relation of profits after taxes to stockholders* equity and to sales, all manufac-turing corporations, by industry group, 1950—72—Continued

Year orquarter

Nondurable goods industries

Totalnon-dur-

able 12

Foodandkin-dredprod-ucts

To-baccoman-ufac-tures

Tex-tilemill

prod-ucts

Ap-pareland

relatedprod-ucts

Paperand

alliedprod-ucts

Print-ingandpub-lish-ing1

Chem-icalsand

alliedprod-ucts

Petro-leumrefin-

ing

Rub-berandmis-

cella-neousplasticprod-ucts

Leatherand

leatherprod-ucts

1950....1951....1952....1953....1954....1955....1956195719581959

196019611962....1963196419651966....1967....1968....1969....

1970

1971....1971:1

II.III.IV.

1972: L .II.III.

1950....1951....1952....1953....1954....1955195619571958195919601961196219631964....1965....1966....1967....1968....1969....1970....1971....

1971:1..II.III.IV.

1972:1..II.III.

Ratio of profits after Federal income taxes (annual rate) to stockholders' equity—percent3

14.111.29.79.99.6

11.411.810.69.2

10.49.89.69.9

10.411.512.212.711.811.911.510.310.3

9.810.610.610.29.8

10.210.5

12.38.17.68.18.18.99.38.78.79.38.78.98.89.0

10.010.711.210.810.810.910.811.010.211.511.710.610.111.711.4

11.59.58.49.4

10.211.411.712.513.513.413.413.613.113.413.413.514.114.414.414.515.715.814.815.717.115.315.115.915.3

12.78.24.24.61.85.75.84.23.57.55.85.06.26.18.5

10.910.1

7.68.87.95.16.74.67.26.58.26.47.37.3

10.12.94.45.14.56.18.16.34.98.67.77.29.37.7

11.712.713.312.013.011.99.3

11.25.5

10.912.515.110.99.3

12.4

16.213.910.510.19.9

11.511.6

8.98.19.58.57.98.18.19.39.4

10.69.19.7

10.17.04.84.95.95.32.96.5

10.58.6

11.510.39.19.49.2

10.213.011.79.0

11.410.6

8.510.39.2

12.614.215.613.012.512.611.210.77.9

10.810.413.67.6

12.612.6

17.812.210.910.711.614.714.213.311.413.712.211.812.412.914.415.215.113.113.312.811.411.811.712.811.811.012.812.912.9

15.213.313.412.713.413.912.510.09.8

10.110.310.111.311.411.812.412.512.311.711.010.311.09.9

10.69.88.87.48.6

16.914.811.111.310.613.212.211.19.1

11.09.19.39.69.2

10.611.712.210.312.310.3

7.19.67.6

10.99.3

10.510.212.110.0

6.54.54.14.34.45.15.34.94.44.9

4.84.74.74.95.45.55.65.35.25.04.54.54.44.64.64.34.24.34.4

Profits after Federal income taxes per dollar of sales—cents

3.42.01.92.02.12.32.42.22.22.42.32.32.32.42.72.72.72.62.62.62.52.62.52.72.82.52.42.72.6

4.93.83.23.74.24.85.05.25.45.45.55.75.75.95.95.95.95.95.55.25.86.16.06.06.56.05.96.26.0

5.83.41.92.21.02.62.61.91.63.02.52.12.42.33.13.83.62.93.12.91.92.41.72.62.42.92.32.52.6

2.8.6

1.0L2L.I1.31.6L3L.OL.51.41.31.6L.42.12.32.42.32.42.31.92.41.32.42.63.02.32.01.3

8.86.65.75.45.66.16.15.04.75.25.04.74.64.55.14.95.44.74.74.83.42.32.52.82.51.43.04.63.8

4.53.73.33.43.43.64.23.73.14.03.62.83.43.24.34.85.14.44.14.74.24.13.14.14.05.03.04.84.9

10.36.56.16.16.88.38.07.67.07.97.57.37.47.57.97.97.86.96.86.55.96.16.26.46.15.76.46.36.5

11.110.110.410.611.111.610.69.59.59.9

10.39.7

10.810.911.111.211.010.710.19.38.38.98.08.77.56.85.86.8

5.84.53.63.84.04.44.44.23.54.03.63.83.73.64.14.34.43.94.53.82.73.63.13.93.53.94.04.33.7

10.92.15.86.05.98.57.27.05.78.5

6.34.46.96.9

10.511.612.911.913.09.39.48.28.38.17.98.3

10.26.3

10.6

3.7.6

1.81.81.92.52.12.01.72.21.61.11.81.82.62.83.03.03.32.62.52.22.32.32.12.22.81.72.8

i Includes newspapers beginning 1969.s Includes certain industries not shown separately.3 Annual ratios based on average equity for the year (using four end-of-quarter figures). Quarterly ratios based on equity

at end of quarter only.Note.—For explanatory notes concerning compilation of the series, see "Quarterly Financial Report for Manufacturing

Corporations," Federal Trade Commission. See also Note, Table C-74.Source: Federal Trade Commission.


TABLE C-76.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1946-72


Period

1946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

19701971

1970:1||IIIIV .

1971: 1IIIIIIV

1972: 1.II

x III 9

Sources

Total

18.328.129.020.4

41.837.629.429.329.653.446.539.446.557.3

48.255.162.667.574.494.4

100.298.7

109.8117.6

102.5126.7

Internal

7.812.618.719.1

17.919.921.221.123.329.228.930.629.535.0

34.435.641.843.950.556.661.261.561.760.8

59.167.1

Total

10.515.510.41.3

23.817.68.28.26.3

24.317.68.8

17.022.3

13.819.520.723.623.937.839.137.348.156.9

43.459.6

Externa

Credit market funds

Total

6.88.76.33.1

7.210.08.75.76.1

10.412.712.010.211.9

11.412.512.412.314.620.625.229.730.740.3

39.848.5

Long-term 2

3.55.66.45.1

3.95.97.96.06.76.67.5

10.410.78.2

7.611.19.78.59.09.3

15.621.517.921.2

32.344.0

Short-term 3

3.33.1

- 1 . 9

3.34.1.8

- . 3- . 63.85.21.6

- . 43.7

3.81.52.73.85.7

11.39.58.2

12.919.1

7.54.6

Other

3.76.84.0

- 1 . 8

16.77.7

- . 52.5.2

13.84.8

- 3 . 16.8

10.4

2.47.08.4

11.49.3

17.213.97.6

17.416.6

3.611.0

Uses

Total

16.525.525.318.8

40.537.229.026.926.548.039.938.937.951.2

41.649.155.159.765.583.089.788.899.5

105.2

95.5106.9

Pur-chase

ofphysi-

calassets^

17.917.220.315.3

24.129.924.424.621.631.535.934.727.336.9

39.036.744.045.652.162.877.172.076.284.0

84.685.2

In-crease

infinan-cial

assets

- 1 . 48.35.13.5

16.47.34.62.24.8

16.54.04.2

10.614.2

2.612.511.114.213.420.212.616.823.321.1

10.921.7

Discrep-ancy(usesless

sources)

- 1 . 8- 2 . 5-3 .7- 1 . 6

- 1 . 3- . 4- . 3

- 2 . 4- 3 . 2- 5 . 4- 6 . 6

- 8 . 6- 6 . 1

- 6 . 6- 5 . 9- 7 . 5- 7 . 8- 9 . 0

-11.4-10.6- 9 . 9

-10.3-12.5

- 6 . 9-19.8


106.1112.692.798.2

118.2122.2135.2130.4

137.2139.7144.3

58.360.259.858.2

62.166.667.272.4

72.577.781.0

47.852.433.040.0

56.155.668.057.9

64.762.063". 3

36.445.832.844.2

45.648.557.442.8

51.557.650.0

24.831.232.840.6

41.846.945.242.2

36.044.940.8

11.614.6

.03.6

3.81.6

12.2.6

15.512.79.2

11.36 7.2

- 4 . 2

10.67.1

10.515.2

13.14.5

13.2

102.0107.384.188.3

105.9110.8108.5101.7

128.1125.8129.9

80.885.288.284.3

82.487.683.287.7

94.8100.1102.8

21.222.2

-4 .14.0

23.623.225.314.0

33.325.627.1

- 4 . 1- 5 . 2- 8 . 6

-10.0

-12.3-11.4-26.7-28.6

-9 .1-13.9-14.4

1 Undistributed profits (after inventory valuation adjustment) and capital consumption allowances.2 Stocks, bonds, and mortgages.s Bank loans, commercial paper, finance company bans, bankers' acceptances, and Government loans.4 Plant and equipment, residential structures, and inventory investment.



TABLE C-77\—Current assets and liabilities of U.S. corporations, 1939-72[Billions of dollars]


1939

1940 . . .1941194219431944194519461947 . . . .19481949

195019511952 .1953195419551956195719581959

19601961

196119621963196419651966196719681969

19701971 .

1971- 1IIIIIIV

1972: 1IIIII.

Current assets

Total

Cashon

handandin

banks*

U.S.Gov-ern-ment

securi-ties 2

Re-ceiv-ablesfromU.S.Gov-ern-

ment3

Notesandac-

countsreceiv-able

In-ven-tories

Othercur-rentas-

sets*

Total

Current liabilities

Ad-vances

andpre-pay-

ments,U.S.Gov-ern-

ment3

Notesandac-

countspay-able

Fed-eralin-

cometax

liabili-ties

Othercur-rentlia-bili-ties

Network-ing

capi-tal

All corporations s

54.5

60.372.983.693.897.297.4

108.1123.6133.0133.1

161.5179.1186.2190.6194.6224.0237.9244.7255.3277.3

289.0306.8

10.8

13.113.917.621.621.621.722.825.025.326.5

28.130.030.831.133.434.634.834.937.436.3

37.241.1

2.2

2.04.0

10.116.420.921.115.314.114.816.8

19.720.719.921.519.223.519.118.618.822.8

20.120.0

0.1.6

4.05.04.72.7.7

22.1

23.927.423.321.921.823.230.0

38.3424C

1.12.72.82.62.42.32.62.82.82.9

3.13.4

.4

.0

55.758.864.665.971.286.695.199.4

106.9117.7

126.1135.8

18.0

19.825.627.327.626.826.337.644.648.945.3

55.164.965.867.265.372.880.482.281.9.88.4

91.895.2

1.4

1.51.41.31.31.42.41.71.61.61.4

1.72.12.4

3.14.25.96.77.59.1

10.611.4

30.0

32.840.747.351.651.745.851.961.564.460.7

79.892.696.198.999.7

121.0130.5133.1136.6153.1

160.4171.2

0.6.8

2.02.21.8.9.1

21.9

22.625.624.024.125.024.831.5

37.639.337.5

.41.32.32.22.42.32.42.31.71.7

1.81.8

47.953.657.057.359.373.881.584.388.799.3

105.0112.8

1.2

2.57.1

12.616.615.510.48.5

10.711.59.3

16.721.318.118.715.519.317.615.412.915.0

13.514.1

6.9

7.17.28.78.79.49.7

11.813.213.514.0

14.916.518.720.722.525.729.031.133.337.0

40.142.5

24.5

27.532.336.342.145.651.656.262.168.672.4

81.686.590.191.894.9

103.0107.4111.6118.7124.2

128.6135.6

Nonfinancial corporations9

254.7269.7288.2305.6336.0364.0386.2426.5473.5

490.5516.6

494.1498.3507.1516.6

526.1534.3545.3

34.837.139.840.542.841.945.548.247.9

49.755.3

48.551.152.455.3

55.355.757.3

16.516.816.715.814.413.010.311.510.6

7.610.4

7.87.77.8

10.4

9.98.77.6

3.43.73.63.43.94.55.15.14.8

4.23.5

4.23.93.93.5

3.42.82.9

94.599.5

106.9116.5130.2142.1150.2168.8192.2

200.6207.5

201.3203.3206.5207.5

211.4216.3222.5

95.0100.5106.8113.1126.6142.8153.1166.0186.4

196.0203.1

198.5199.2201.6203.1

207.2210.7215.2

10.512.114.416.318.119.722.026.931.6

32.436.8

33.833.134.936.8

38.940.139.8

123.7132.4145.5156.6178.8199.4211.3244.1287.8

302.6311.9

302.1301.8306.3311.9

316.4319.1326.2

1.82.02.52.73.14.45.86.47.3

6.64.9

6.15.35.04.9

4.94.94.7

82.686.794.5

102.2118.4133.1141.3162.4191.9

200.5202.8

195.7195.8197.4202.8

202.5204.0207.6

13.314.315.716.218.317.413.214.312.6

11.814.5

13.712.413.814.5

15.713.415.0

26.029.432.835.539.044.551.061.076.0

83.789.7

86.688.390.189.7

93.396.898.9

131.0137.3142.7149.0157.2164.6174.9182.4185.7

187.9204.7

192.0196.5200.8204.7

209.7215.2219.1

1 Includes time certificates of deposit.2 Includes Federal agency issues.3 Receivables from and payables to U.S. Government do not include amounts offset against each other on corporations'

books or amounts arising from subcontracting which are not directly due from or to the U.S. Government. Wherever possible,adjustments have been made to include U.S. Government advances offset against inventories on corporations' books.

* Includes marketable investments (other than Government securities and time certificates of deposit) as well as sundrycurrent assets.

5 Excludes banks, savings and loan associations, and insurance companies.6 Excludes banks, sayings and loan associations, insurance companies, investment companies, finance companies

(personal and commercial), real estate companies, and security and commodity brokers, dealers, and exchanges.Note.—Year-end data through 1969 are based on "Statistics of Income" (Treasury Department), covering virtually

all corporations in the United States. "Statistics of Income" data may not be strictly comparable from year to year becauseof changes in the tax laws, basis for filing returns, and processing of data for compilation purposes. All other figures shownare estimates based on data compiled from many different sources, including data on corporations registered with theSecurities and Exchange Commission.

Source: Securities and Exchange Commission.

283


TABLE C-78.—State and municipal and corporate securities offered, 1934-72


Year or quarter

State andmunicipalsecurities

offeredfor cash

(principalamounts)

Corporate securities offered for cash

Totalcorpo-

rateoffer-ings

Type of corporate security

Com-monstock

Pre-ferredstock

Bondsand

notes

Industry of corporate issuer

Manu-fac-

turing1

Elec-tric,gasand

water2

Trans-porta-tion 3

Com-munica-

tionOther

1934

1939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

197019711972 P . .

1971: I . .II.IIIIV

1972: I . .II.IIIIV

939

1,128

1,238956524435661

7951,1572,3242,6902,907

3,5323,1894,4015,5586,969

5,9775,4466,9587,4497,681

7,2308,3608,55810,10710,544

11,14811,08914, 28816,37411,460

17, 76224,37022,903

6,5405,9615,8456,024

5,8656,1095,3835,546

397

2,164

2,6772,6671,0621,1703,202

6,0116,9006,5777,0786,052

6,3617,7419,5348,8989,516

10,24010,93912,88411,5589,748

10,15413,16510,70512,21113,957

15,99218,07424,79821,96626,744

38,94544,92140,106

12,13311,68710, 33610,765

9,80411,2149,3459,743

19

87

1081103456163

397891779614736

8111,2121,3691,3261,213

2,1852,3012,5161,3342,027

1,6643,2941,3141,0112,679

1,5471,9391,9593,9467,714

7,2409,1939,649

1,7792,6282,1192,667

2,0702,7922,4202,367

183167112124369

7581,127762492425

631838564489816

635636411571531

409450422343412

725574885637682

1,3903,6793,462

489702

1,963525

7801,006839837

371

1,980

2,3862,390917990

2,669

4,8554,8825,0365,9734,890

4,9205,6917,6017,0837,488

7,4208,0029,9579,6537,190

8,0819,4208,96910, 85610,865

13, 72015,56121,95417,38318,348

30,31532,04926,994

9,8658,3576,2547,573

6,9537,4166,0866,539

67

604

992848539510

1,061

2,0263,7012,7422,2261,414

1,2003,1224,0392,2542,268

2,9943,6474,2343,5152,073

2,1524,0773,2493,5143,046

5,4177,07011,0586,9796,356

10,51311,6726,957

3,7493,2652,2052,453

1,5252,1081,7491,575

133

1,271

1,2031,357472477

1,422

2,3192,1583,2572,1872,320

2,6492,4552,6753,0293,713

2,4642,5293,9383,8043,258

2,8513,0322,8252,6772,760

2,9363,6654,9355,2816,736

11,01711,78711,259

3,2152,8942,6373,041

2,2613,4952,7012,802

176

186

32436648161609

1,454711286755800

813494992595778

893724824824967

718694567957982

1,0131,9722,0671,8752,146

2,2602,4501,668

437959480574

534530334270

902571

399612760882720

1,1321,4191,4621,424717

1,0501,8341,3031,1052,189

9472,0031,9791,7662,188

5,1365,8204,739

1,606897

2,2631,054

1,4761,369856

1,038

21

103

15996

21109

211329293

1,008946

1,3001,0581,0682,1382,037

2,7572,6192,4261,9912,733

3,3833,5272,7613,9574,980

5,6803,3644,7596,0649,319

10,02013,19215, 483

3,1263,6722,7513,643

4,0083,7123,7054,058

1 Prior to 1948, also includes extractive, radiobroadcasting, airline companies, commercial, and miscellaneous companyissues.

2 Prior to 1948, also includes telephone, street railway, and bus company issues.3 Prior to 1948, includes railroad issues only.Note.—Covers substantially all new issues of State, municipal, and corporate securities offered for cash sale in the United

States in amounts over $100,000 and with terms to maturity of more than 1 year; excludes notes issued exclusively tocommercial banks, intercorporate transactions, investment company issues, and issues to be sold over an extended period,such as employee-purchase plans.

Sources: Securities and Exchange Commission, "The Commercial and Financial Chronicle," and "The Bond Buyer."


TABLE C-79.—Common stock prices, earnings, and yields

Year or month

1949

1950. . .195119521953195419551956195719581959

1960196119621963196419651966196719681969

197019711972

1971: JanFeb . .MarAprMayJune

JulyAug _SeptOctNovDec .

1972: Jan.FebMarAprMayJune

JulyAugSeptOct _NovDec

Standard & Poor's common stock data

Price indexes l

Total(500

stocks)

Indus-trials(425

stocks)

Publicutilities

(55stocks)

Rail-roads(20

stocks)

1941-43=10

15.23

18.4022.3424.5024.7329.6940.4946.6244.3846.2457.38

55.8566.2762.3869.8781.3788.1785.2691.9398.7097.84

83.2298 29

109.20

93.4997.1199.60

103. 04101.6499.72

99.0097.2499.4097.2992.7899.17

103.30105.24107.69108.81107.65108.01

107.21111.01109.39109.56115.05117. 50

15.00

18.3322.6824.7824.8430.2542.4049.8047.6349.3661.45

59.4369.9965.5473.3986.1993.4891.0899.18

107. 49107.13

91.29108 35121.79

102. 22106.62109. 59113 68112.41110.26

109. 09107.26109. 85107. 28102. 21109.67

114.12116.86119.73121.34120.16120.84

119.98124.35122.33122.39128.29131.08

17.87

19.9620.5922.8624.0327.5731.3732.2532.1937.2244.15

46.8660.2059.1664.9969.9176.0868.2168.1066.4262.64

54.4859.3356.90

63.4362.4962.4262.0659.2057.90

60.0857.5156.4857.4155.8657.07

60.1957.4157.7355.7054.9453.73

53.4754.6655.3656.6661.1661.73

12.83

15.5319.9122.4922.6023.9632.9433.6528.1127.0535.09

30.3132. 8330.5637.5845.4646.7846.3446.7248.8445.95

32.1341.9444.11

36.6438.7839.7042.2942.0542.12

42.0543.5547.1844.5841.1943.17

45.1645.6646.4847.3845.0643.66

42.0043.2842.3741.2042.4144.62

Divi-dendyield(per-cent) 2

6.59

6.576.135.805.804.954.084.094.353.973.23

3.472.983.373.173.013.003.403.203.073.24

3.833.142.84

3.323.183.102.993.043.10

3.133.183.093.163.313.10

2.962.922.862.832.882.87

2.902.802.832.822.732.70

Price/earn-ings

ratio3

6.49

7.158.57

10.579.77

11.7512.5913.2512.7316.3317.32

16.9821.6817. 3918.2018.8117.9215.1517.4817.6616.48

15.6918.50

19.22

18.74

18.11

17.91

18.45

17.95

18.00

and stock market credit

Margin credit at brokers and

Total

Regulated

Brokers

5

Banks

1949-72

banks«

Unreg-ulated ;non-mar-gin

stockcredit

atbanks e

Millions of dollars

5,0445,1745,3925,5985,7015,783

5,8605,9175,9906,0165,9956,535

6,8507,4277,8478,2508,472

"8,860

"9,042"9, 217"9, 213"9,138

4,2244,3114,5314,7764,8744,976

5,0505,1215,2085,2385,1985,700

5,9896,4776,8967,2837,4787,792

7,9458,0608,0838,0818,166

820863861822827807

810796782778797835

861950951967994

"1,068

"1,097"1,156"1,130"1,057

1.104

p

P

1,1211,1371,1221,1221,228

1,0911,2081,1821,1941,1931,197

1,182,170,158,150,141,253

,334.348

"1,403"1,406

Otherse-

curitycredit

atbanks7

1.220

P

p

1 ?05M83

2351,263

18317061,2371 ?f)4,?09

1,298

3?7,294,?78,296,258

,??9?1R

"1, 278"1,368

1 Monthly data are averages of daily figures and annual data are averages of monthly figures.2 Aggregate cash dividends (based on latest known annual rate) divided by aggregate market value based on Wednes-

day closing prices. Monthly data are averages of weekly figures; annual data are averages of monthly figures.3 Ratio of price index for last day of quarter to earnings for 12 months ending with that quarter. Annual ratios are

averages of quarterly data.* Margin credit includes all credit extended to purchase or carry stocks or related equity instruments and secured at

least in part by stock. Credit extended by brokers is end-of-month data for member firms of the New York Stock Ex-change. June data for banks are universe totals; all other data for banks represent estimates for all commercial banks,which accounted for 60 percent of security credit outstanding at banks on June 30,1971.

6 In addition to assigning a current loan value to margin stock generally, Regulations T and U permit special loan valuesfor convertible bonds and stock acquired through exercise of subscription rights.

8 Nonmargin stocks are those not listed on a national securities exchange and not included in the Board of Governorsof the Federal Reserve System's list of over-the-counter margin stocks. At banks, loans to purchase or carry nonmarginstocks are unregulated; at brokers, such stocks have no loan value.

7 1 ncludes loans to purchase or carry margin stock if these are unsecured or secured entirely by unrestricted collateral.

Sources'. Board of Governors of the Federal Reserve System, New York Stock Exchange, and Standard & Poor's Cor-poration.


TABLE C-80.—Business formation and business failures

Year or month

19291933319393

1940..1941194219431944194519461947194819491950195119521953.. . .19541955195619571958.1959 .1960...1961.. . .19621963.1964.1965....19661967196819691970....19711972.

1971:JanFeb . .MarAprMayJuneJulyAug..SeptOctNovDec .

1972:JanFebMarApr . .MayJuneJulyAugSeptOctNovDec

Indexof net

businessformation

(1967=100)

112.587.993.198.298.194.491.398.995.090.389.496.792.488.490.793.397.298.598.2

100.0109.8116.2108.1111.2

* 118.1

Newbusinessincorpo-rations(num-ber)

132,916112,89796,34685,64093,09283,77892,946

102,706117,411139,915141,163137,112150,781193,067182,713181,535182,057186,404197, 724203,897200,010206,569233,635274,267264,209287,567

4 291,041

1929-72

Business failures *

Busi-ness

failurerates

103.9100.369.663.054.444.616.46.54.25.2

14.320.434.434.330.728.733.242.041.648.051.755.951.857.064.460.856.353.253.351.649.038.637.343.841.738.3

Seasonally adjusted

105.8105.4108.7108.8109.9111.9112.3112.8111.8114.7116.7115.6114.7113.9116 7117.6118.8117.8118.7117 8118.9120.6123.7

22,33820,92323, 22022, 77024,16824,69125,07325,14223,27825, 05025, 82825, 52924, 68524,74327,39926,37226,39626,27726,89326,61226, 79527,169

* 27,700

43.341.843 942.942.844.339 643.640.138.141.637.535.740.841 236.538.234.238.540 539.138.838.537.4

Number of failures

Total

22,90919,85914,76813,61911,8489,4053,2211,222

8091 1293 4745,2509,2469,1628,0587,6118 862

11,08610,96912,68613 73914 96414,05315 44517,07515,78214 37413 50113 51413,06112 3649,6369 154

10,74810 3269,566

905860

1 042989912935786848741759319730750880986808856730740824730755799708

Liability sizeclass

Under$100,000

22,16518,88014,54113,40011,6859,2823 1551,176

7591 0033 1034,8538,7088,7467,6267,0818 075

10,22610,11311,61512 54713 49912,70713 65015,00613,77212 19211 34611 34010,83310 1447, 8297,1928,0197 6117,040

663620743746676680606621523566629538553647672592670528538578551593574544

$100,000andover

744979227219163123664650

126371397538416432530787860856

1,0711 1921 4651,3461 7952,0692,0102 1822 1552,1742,2282 2201,8071,9622,7292 7152,526

242240299243236255180227218193190192197233314216186202202246179162225164

Amount of currentliabilities (millions

of dollars)

Total

483.3457.5182.5166.7136.1100.845.331.730.267.3

204.6234.6308.1248.3259.5283.3394.2462.6449.4562.7615.3728.3692.8938.6

1,090.11,213.61,352.61,329.21,321.71,385.71,265.2

941.01,142.11,887.81,916.92,000.2

168.8150.9224.6153.8249.5165.8147.0155.6115.8144.7129.0111.3101.6191.3220.7148.5190.1127.9204.6253.6113.5153.0208.686.8

Liability sizeclass

Under$100,000

261.5215.5132.9119.9100.780.330.214.511.415.763.793.9

161.4151.2131.6131.9167.5211.4206.4239.8267.1297.6278.9327.2370.1346.5321.0313.6321.7321.5297.9241.1231.3269.3271.3258.8

23.622.426 826.224.522.521.822.120.020.621.219.620.123.024.428.523.318.119.221.019.621.421.019.1

$100,000andover

221.8242.049.746.835.420.515.117.118.851.6

140.9140.7146.797.1

128.0151.4226.6251.2243.0322.9348.2430.7413.9611.4720.0867.1

1,031.61,015.61,000.01,064.1

967.3699.9910.8

1,618.41,645.61,741.5

145.2128.6197.8127.9224.6143.3125.2133.495.9

124.1107.791.881.5

168.3196.3120. C166. £109.8185.4232. €

93. i131. e187. i67."

1 Commercial and industrial failures only. Excludes failures of banks and railroads and, beginning 1933, of real estate,insurance, holding, and financial companies, steamship lines, travel agencies, etc.

2 Failure rate per 10,000 listed enterprises.3 Series revised; not strictly comparable with earlier data.' Preliminary; based on seasonally adjusted data through November.

Sources: Department of Commerce (Bureau of Economic Analysis) and Dun & Bradstreet, Inc.


AGRICULTURE

TABLE C-81.—Income of farm people and farmers, 1929-72

Year orquarter

1929

1933

1939

1940194119421943194419451946194719481949 . .

1950195119521953195419551956195719581959

1960.19611962 .1963

19651966196719681969

197019711972 '

1970: 1IIIllIV

1971: 1IIIIIIV

1972: 1I I . . .IllIV

Personal incomereceived by totalfarm population

Fromall

sources

Fromfarm

sources1

Fromnon-farm

sources 2

Income received from farming

Realized gross

Total«

Cashreceipts

frommarket-

ings

Produc-tion ex-penses

Net to farmoperators

Exclud-ing netinven-tory

change

Includ-ing netinven-tory

change4

Billions of dollars

7.4

7.610.114.116.516.617.220.021.123.819.5

20.422.722.119.818.417.617.817.719.518.1

18.719.720.420.620.623.624.924.025.127.6

28.229.533.2

4.8

4.86.8

10.112.112.212.815.515.818.013.3

14.116.215.413.412.511.411.211.012.811.0

11.512.212.312.111.313.514.413.113.214.9

15.015.617.7

2.6

2.83.33.94.44.44.44.65.35.86.2

6.36.56.76.45.96.26.66.66.77.0

7.27.58.28.59.3

10.010.510.911.912.7

13.213.915.5

13.9

7.1

10.6

11.113.918.823,424.425.829.534.134.731.6

32.337.136.835.033.633.134.334.037.937.5

38.139.841.342.342.644.949.749.050 955.6

57.960.166.4

CO

CO

O

i•-4

in

r««.

8.411.115.619.620.521.724.829.630.227.8

28.532.932.531.029.829.530.429.733.533.5

34.235.136.437.437.239.343.342 744.148.1

50.553.158.5

7.7

4.4

6.3

6.97.8

10.011.612.313.114.517.018.818.0

19.422.322.621.321.621.922.423.325.226.1

26.427.128.629.729.530.933.434 836.238.8

41.144.047.2

6.3

2.7

4.3

4.26.18.8

11.812.112.815.017.115.913.6

12.914.814.113.712.011.211.910.712.711.4

11.712.612.612.613.114.016.314 214 716.8

16.816.119.2

6.2

2.6

4.4

4.56.59.9

11.711.712.315.115.417.712.8

13.716.015.113.112.511.511.411.313.511.5

12.113.013.213.212.315.016.314 914 816.9

16.817.419.8

Net income perfarm, including

net inventorychange

Currentdollars

1967dollars s

Dollars

945

379

685

7061,0311 5881 9271 9502,0632 5432 6153 0442,233

2 4212 9462 8962 6262,6062,4632 5352 5903 1892,795

3 0493,3993,5863 7083 5644,4875,0194 7304 8545,674

5 7546,0497,000

1,969

1,115

1 851

1,8582,5783 4523 7063,6113,6194 0373 5343 9032,977

3 1863 5493 4483,1263,1022,9322 9822 9433,5833,140

3,3883,7773,9414 0303,8324,7235,1214 7304 6675,206

5,0475,0835,645


58.458.057.757.659 059 160 461.864 164.866.170.6

51.050 650.350.251 952 153 454.956 556.958.162.5

40.440 941.341.843 243 744 344.945.646.547.349.4

18.017 116.415.815 815 416.116.918.518.318.821.2

18.017.116.415.816 816 917 718.219.318.919.221.7

6,1605,8505,6105,4005,8405,8806,1506,3306,8206,6806,7807,660

5,5005,1804,9204,7004,9904,9805,1305,2805,5905,3905,4206,080

1 Net income to farm operators including net inventory change, less net income of nonresident operators, plus wages andsalaries and other labor income of farm resident workers, less contributions of farm resident operators and workers tosocial insurance.

2 Consists of income received by farm residents from nonfarm sources, such as wages and salaries from nonfarm em-ployment, nonfarm business and professional income, rents from nonfarm real estate, dividends, interest, royalties,unemployment compensation, and social security payments.

3 Cash receipts from marketings, Government payments, and nonmoney income furnished by farms (excluding netinventory change).

< Includes net value of physical change in inventory of crops and livestock valued at average prices for the year.' Income in current dollars divided by the index of prices paid bv farmers for family living items on a 1967 base.

Source: Department of Agriculture.


TABLE C-82.—Farm production indexes, 1929-72

[1967=100]

Year

1929...

1933...

1939...

1940...1941...1942...1943 ...1944...

1945...1946...1947...1948...1949...

1950...1951...1952...1953...1954...

1955...1956...1957...1958...1959...

1960...1961...1962...1963...1964...

1965___1966...1967...1968...1969...

1970...1971...1972 P..

Farmout-put i

53

50

58

6062696870

6971697574

7375787979

8282808688

9090919594

9796100102103

102111112

Crops

Total 2

62

56

64

6668767175

7376738379

7677818179

8282808989

9291929593

9895100103104

100112113

Feedgrains

50

45

52

5370666063

6166507364

6560646266

6969758285

8879808776

89891009599

90118112

Hayandforage

69

60

65

7574817978

8176737372

7780788080

8581888884

8989929293

9796100100100

99105104

Foodgrains

50

35

47

5259625366

6871838069

6463817466

6265619072

8678737684

878710010597

91106101

Vege-tables

65

65

72

7475808682

8493828784

8580818483

8691889089

9196949490

9697100103103

101101101

Fruitsandnuts

67

68

85

8388877587

7994908287

8789868788

8892849193

8791928990

959710093113

107116104

Cot-ton

200

175

160

170145173155166

122117160202217

135205205222185

199180148154196

192193200207206

202129100148135

137140181

To-bacco

77

70

97

7464717199

100117107100100

103118114105114

111110848891

99104117119113

94951008791

978789

Oilcrops

8

6

17

2022333529

3130323936

4138373741

4654536558

6171727575

9096100112115

117120129

Livestock and products

Total 3

54

57

59

6064717773

7371706872

7578787982

8484838588

8791929597

9597100100101

105108109

Meatani-mals

52

58

59

6063738173

7068676669

7479797881

8683808288

8589909598

9296100102102

108112112

Dairyprod-ucts

76

80

83

8589929193

9594939093

9392929798

99101102101100

101104105104105

1041011009999

100101103

Poul-tryandeggs

32

32

35

3639455251

5450494854

5659596163

6268697376

7581818387

90%10098101

106107110

* Farm output measures the annual volume of farm production available for eventual human use through sales fromfarms or consumption in farm households. Total excludes production of seeds and of feed for horses and mules. TheDepartment of Agriculture also estimates net farm output, which excludes all quantities used for feed.

2 Includes production of seeds and of feed for horses and mules and certain items not shown separately.3 Includes certain items not shown separately.Source: Department of Agriculture.


TABLE C-83.—Farm population, employment', and productivity, 1929-72

Year

Farm population(Apri l l ) i

Num-ber

(thou-sands)

As per-cent of

totalpopu-

lation a

Farm employment(thousands) 3

Total Familyworkers

Hiredworkers

Farm output

Perunit oftotalinput

Per man-hour

Total CropsLive-stockand

products

Cropproduc-

tionper

acre <

1929..

1933..

1939..

1940..1941..1942..1943..1944..

1945..1946..1947..1948..1949..

1950..1951..1952..1953.1954..

1955..1956..1957..1958..1959.

I960..1961.1962.1963.1964..

1965.1966.1967.1968.1969.

1970...1971...1972 *._

Index, 1967=100

30,580

32,393

30,840

30,54730,11828,91426,18624,815

24,42025,40325,82924,38324,194

23,04821,89021,74819.87419,019

19,07818,71217,65617,12816, 592

15,63514,80314,31313,36712,954

12,36311,59510.87510,45410,307

9,7129,4259,500

25.1

25.8

23.5

23.122.621.419.217.9

17.518.017.916.616.2

15.214.213.912.511.7

11.511.110.39.89.4

8.78.17.77.16.8

6.45.95.55.25.1

4.74.64.5

12,763

12,739

11,338

10,97910,66910,50410,44610,219

10,00010,29510,38210,3639,964

9,9269,5469,1498,8648,651

8,3817,8527,6007,5037,342

7,0576,9196,7006,5186,110

5,6105,2144,9034,7494,596

4,5234,4464,392

9,360

9,874

8,611

8,3008,0177,9498,0107,988

7,8818,1068,1158,0267,712

7,5977,3107,0056,7756,570

6,3455,9005,6605,5215,390

5,1725,0294,8734,7384,506

4,1283,8543,6503,5363,419

3,3483,2813,240

3,403

2,865

2,727

2,6792,6522,5552,4362,231

2,1192,1892,2672,3372,252

2,3292,2362,1442,0892,081

2,036,952,940,982,952

,885,,8901,8271,7801,604

1,4821,3601,2531,2131,176

1,1751,1651,152

53

54

59

6163696768

6972707573

7373767778

8082838990

9394959896

9997100101101

100109109

17

16

20

2122242425

2729293233

3536394143

4750535962

6770738083

9194100106112

113125122

17

17

21

2324262627

2931313536

3938424345

4852566566

7173778285

9295100106112

110122122

26

25

27

2728303231

3232333436

3739404143

4648505559

6267717783

8793100105112

119129128

57

50

61

6263706468

6770677570

6969737371

74777786

92959795

10099100104107

102113116

i Farm population as defined by Department of Agriculture and Department of Commerce, i.e., civilian populationliving on farms, regardless of occupation.

> Total population of United States as of July 1 including Armed Forces overseas.3 Includes persons doing farm work on all farms. These data, published by the Department of Agriculture, Statistical

Reporting Service, differ from those on agricultural employment by the Department of Labor (see Table C-24) because ofdifferences in the method of approach, in concepts of employment, and in time of month for which the data are collected.See monthly report on "Farm Labor."

* Computed from variable weights for individual crops produced each year.

Sources: Department of Agriculture and Department of Commerce (Bureau of the Census).


TABLE C-84.—Indexes of prices received and prices paid by farmers, and parity ratio, 1929-72

[Index, 1967=100]

Year or month

Prices received by farmers

All farmproducts Crops

Livestockand

products

Prices paid by farmers

All items,interest,

taxes, andwage rates

Familylivingitems

Produc-tion

items

Parity ratio»

Actual Adjusted 2

1929

1933

1939

1940194119421943.19441945...,1946194719481949....

19501951195219531954.1955.1956195719581959.

1960196119621963....1964196519661967..19681969...

197019711972

1971: Jan 15..Feb 15..Mar 15.Apr 15..May 15.June 15.

July 15.Augl5_Sept 15.Octl5_.Nov 15.Dec 15..

1972: Jan 15..Feb 15..Mar 15.Apr 15..May 15.June 15.

July 15.Aug 15.Sept 15.Octl5_.Nov 15.Dec 15.

58

28

37

3949637678819310911398

102119113100979191929895

949496969398105100103108

110112126

107112112111112113

112113111114115116

119122120119123125

127128128129130137

65

31

42

445570858792104122127111

103117118106107102104999998

9910010310610610310510010197

100107116

102105108108110113

109107104106109108

111110108112115116

116119117116120127

57

25

39

3950627171768710411498

10112111097908482889993

919192898594105100104117

118116133

110117115114114113

114117117118119122

126131129125129131

136135137138138145

9091929498100104109

114120127

117118118119120120

120120121121122122

123124124125125126

127127128129130131

90909192939598100104109

114119124

116117117117118119

119120120120120121

121123123123124124

125125126125127127

959589898787909293

92939495949699100102106

110115122

112113114115115116

116116116116117117

118118119120120121

122122124125126129

92

64

77

8193105113108109113115110100

10110710092898483828581

1 Percentage ratio of index of prices received by farmers to index of prices paid, interest, taxes, and wages rates on1910-14=100 base.

2 The adjusted parity ratio reflects Government payments made directly to farmers.



T A B L E G-85.—Selected measures of farm resources and inputs

Year

1929

1933

1939 . .

19401941194219431944

19451946 . . . .194719481949 . .

19501951195219531954

1955195619571958.1959

19601961196219631964 . .

19651966 . .1967.19681969

197019711972 p

Cropshar-vested(mil-lionsof

acres) i

365

340

331

341344348357362

354352355356360

345344349348346

340324324324324

324303295300301

298295308303294

297310298

Man-hoursof

farmwork(bil-lions)

23.2

22.6

20.7

20.520.020.620.320.2

18.818.117.216.816.2

15 115.214.514 013.3

12 812.011.110.510 3

9.89.49.08.78.2

7.87.47.37.06.7

6.56.56.5

1929-72

Index numbers of inputs (1967=100)

Total

100

94

97

9898101102103

1009999100102

101104104103102

102100979798

9796969798

9899100101102

102102103

Farmlabor

302

294

270

269265271267265

249239226220212

199200191184176

170160149143139

134129123120115

1091011009694

898989

Farmreal

estate 2

103

97

101

103102100

10

toto

to

0000

102103104104

105106105105105

106CO

CM

Oo

oc

100

99999899100

10099100100100

1009998

Me-chani-cal

powerandma-

chinery

39

32

40

4244505355

5655616875

7984889090

9191909192

9190919293

96100100102103

102102103

Ferti-lizerand

limingma-

terials

11

6

12

1415171923

2324282931

3236394243

4544464854

5458627076

8090100107110

113119122

Feed,seed,andlive-stockpur-

chases 3

31

28

41

434649

in

enen

tn

coco

54565762

6468707072

7376758084

8487898990

9197100101105

109109109

Taxesand

interest

69

71

67

6868697274

7576767477

7777798080

828?818286

8789909294

9598100103105

107104107

Miscel-laneous

53

52

50

5152495254

5354545962

6367676564

6870697479

8084899499

10198100108110

107109113

1 Acreage harvested (excluding duplication) plus acreages in fruits, tree nuts, and farm gardens.2 Includes service buildings and improvements on land.3 Nonfarm portion of feed, seed, and livestock purchases.Source: Department of Agriculture.


TABLE C-86.—Comparative balance sheet of the farming sector, 1929-73


Beginning ofyear

1929

1933

1939

19401941. .194219431944

1945 .1946.. .194719481949

19501951195219531954

19551956195719581959

1960 . .19611962 _1963_._,1964

1965 . . . .19661967_19681969.

1970.19711972_

1973 *.„. . .„

Assets

Total

52.955.06?. 973.784.6

94.2103.5116.4127.9134.9

132.5151.5167.0164.3161.2

165.1169.6177.9185.8202.1

203.5204.2212.8221.4229.2

237.2253.8266.8280.1294.8

305.8314.9339.2370.6

Realestate

48.0

30.8

34.1

33.634.437.541.648.2

53.961.068.573.776.6

75.386.695.196.595.0

98.2102.9110.4115.9124.4

130.2131.8138.0143.8152.1

160.9172.2181.8192.0201.5

207.1213.0228.6251.4

Live-stock^

6.6

3.0

5.1

5.15.37.19.69.7

9.09.7

11.913.314.4

12.917.119.514.811.7

11.210.611.013.917.7

15.215.516.417.315.8

14.417.618.918.820.2

23.523.727.3

Other physical assets

Ma-chin-eryand

motorvehi-cles

3.2

2.5

3.2

3.13.34.04.95.4

6.55.45.37.4

10.1

12.214.116.717.418.4

18.619.320.220.221.8

22.722.222.523.423.9

24.725.827.329.530.9

31.833.836.4

Crops *

2.73.03.85.16.1

6.76.37.19.08.6

7.67.98.89.09.2

9 68.48.37.69.3

7.78.08.89.39.8

9.29.7

10.09.6

10.6

10.910.711.8

House-hold

equip-mentand

furnish-ings

4.24.24.95.05.3

5.66.17.78.59.1

8.69.7

10.39.99.9

10 010.510.09.99.8

9.68.99.19.08.8

8.68.68.49.09.6

9.710.110.3

93.2

Financial assets

De-positsandcur-rency

3.23.54.25.46.6

7.99.4

10.29.99.6

9.19.19.49.49.4

9 49.59.49.5

10.0

9.28.78.89.29.2

9.610.010.310.911.5

11.912.413.1

U.S.savingsbonds

0.2.4.5

1.12.2

3.44.24.24.44.6

4.74.74.74.64.7

tt5.15.15.2

4.74.64.44.44.2

4.24.03.93.83.7

3.73.63.7

Invest-mentin co-opera-tives

0.8.9.901

?L.4

57

1.9

2.12.32.52.72.9

3 13.23.53.73.9

4.24.54.85.05.4

5.65.96.26.56.8

7.27.68.6

26.0

Claims

Total

52.955.062.973.784.6

94.2103.5116.4127.9134.9

132.5151.5167.0164.3161.2

165 1169.6177.9185.8202.1

203.5204.2212.8221.4229.2

237.2253.8266.8280.1294.8

305.8314.9339.2370.6

Realestatedebt

9.8

8.5

6.8

6.66.56.46.05.4

4.94.84.95.15.3

5.66.16.77.27.7

8 29.09.8

10.411.1

12.112.813.915.216.8

18.921.223.325.527.1

28.429.531.333.9

Otherdebt

3.43.94.14.03.5

3.43.23.64.26.1

6.87.08.08.99.2

9.49.89.5

10.012.5

12.713.414.816.518.1

18.720.422.424.927.5

29.731.635.638.1

Pro-prie-tors'equi-ties

42.944.652.463.775.7

85.995.5

107.9118 6123.5

120 1138.4152.3148.2144.3

147 5150.8158.6165.4178.5

178.7178.0184.1189.7194.3

199.6212.2221.1229.7240.2

247.7253.8272.3298.6

1 Beginning with 1961, horses and mules are excluded.2 Includes all crops held on farms and crops held off farms by farmers as security for Commodity Credit Corporation

loans. The latter on January 1,1973 totaled approximately $0.4 billion.



INTERNATIONAL STATISTICSTABLE C-87.— U.S. balance of payments, 1946-72


Year orquarter

1946194719481949

195019511952.19531954

19551956195719581959

19601961196219631964

19651966196719681969 .-

19701971197212

1970: 1I I . . . .I I I . . .IV . . .

1971: 1I I . . . .I I I . . .IV . . .

1972: 1II. .Ill P..IV*__

Merchandise i 2

Ex-ports

11,76416,09713, 26512,213

10,20314, 24313, 44912,41212, 929

14,42417, 55619, 56216,41416, 458

19,65020,10720,77922,25225,478

26,43829,28730,63833,57636,417

41,96342,77047,391

Imports

-5,067-5 ,973- 7 , 557-6 ,874

- 9 , 081-11,176-10,838-10,975-10,353

-11,527-12,803-13,291- 1 2 , 952-15,310

-14,744-14,519-16,218-17,011-18,647

-21,496-25,463-26,821-32,964-35 , 796

-39,799-45,459-54,355

Netbal-ance

6,69710,1245,7085,339

1,1223,0672,6111,4372,576

2,8974,7536,2713,4621,148

4,9065,5884,5615,2416,831

4,9423,8243,817

612621

2,164-2 ,689-6 ,964

Military transactions

Directexpend-itures

-493-455-799-621

-576-1 ,270- 2 , 054-2 ,615-2 ,642

-2,901- 2 , 949- 3 , 216- 3 , 435-3,107

-3 ,087-2 ,998-3 ,105-2 ,961-2 ,880

-2 ,952-3 ,764- 4 , 378- 4 , 535-4 ,856

-4 ,852-4 ,816-4 ,716

Sales

(8)(8)(8)(8)

(8)(8)

182

200161375300302

335402656657747

830829

1,2401,3921,512

1,4781,9221,153

Netbal-ance

-493-455-799-621

-576-1,270-2 ,054-2 ,423- 2 , 460

-2,701- 2 , 788- 2 , 841-3 ,135- 2 , 805

-2 ,752-2 ,596-2 ,449-2 ,304-2 ,133

-2 ,122-2 ,935-3 ,138-3 ,143-3 ,344

-3 ,374-2 ,894-3 ,563

Net invest-ment income

Pri-vates

750997

1,1771,200

1,3821,5691,5351,5661,899

2,1172,4542,5842,4162,658

2,8253,4513,9204,0564,872

5,2745,3315,8476,1575,820

6,3768,9529,211

U.S.Gov-ern-

ment

6508573

78151140166213

180404

16868

1610313297

3

21444063

155

-115-957

-1,803

Nettraveland

trans-porta-

tion ex-pendi-tures

733946374230

-12029883

-238-269

-297-361-189-633-821

-1 ,155-1 ,312-1 ,149

-1 ,318-1 ,380-1 ,763-1 ,565-1 ,784

-2 ,061-2 ,432-2 ,589

Otherserv-ices,net

114- 4 5- 2 7- 3

62

4124

0

- 4 347727862

7730

115178142

301286334302442

574748795

Bal-anceon

goodsandserv-ices i

7,80711,6176,5186,218

1,8923,8172,356

5321,959

2,1534,1455,9012,356

310

4,1075,5995,1265,9578,568

7,0985,1705,1362,4251,911

3,563727

-4 ,913

Remit-tances,

pen-sions,and

otheruni-

lateraltrans-fers i

-2 ,922-2,625- 4 , 525-5,638

-4,017- 3 , 515- 2 , 531-2 ,481-2 ,280

-2 ,498- 2 , 423- 2 , 345- 2 , 361-2 ,448

-2 ,292- 2 , 513-2 ,631-2 ,742-2 ,754

-2 ,835-2 ,890-3 ,081-2 ,909- 2 , 946

-3 ,208-3 ,574-3,737

Bal-anceon

cur-rent ac-count

4,8858,9921,993

580

-2 ,125302

-175-1,949

-321

-3451,7223,556

- 5-2 ,138

1,8153,0862,4953,2155,814

4,2632,2802,055- 4 8 4

-1 ,035

356-2 ,847-8 ,651

Seasonally adjusted

10,23110,56510,70510,462

11,01710,71011,4799,564

11,79111,44512,30713,185

-9 ,731-9 ,831-9 ,968

-10,269

-10,728-11,722-11,951-11,058

-13,478-13,393-13,895-14,857

500734737193

289-1 ,012

-472-1 ,494

-1,687-1 ,948-1 ,588-1 ,672

-1 ,180-1 ,259-1 ,210-1 ,203

-1 ,175-1 ,214-1 ,198-1 ,230

-1 ,218-1 ,239-1 ,080

273441329436

510516474423

334281250

-907-818-881-767

- 6 6 5-698-724-807

-884-958-830

1,5591,4581,6451,714

1,8992,3522,0382,663

2,2322,1962,480

33- 1

- 6 6- 8 1

-101-161-327- 3 6 8

-370-426-556

-428- 5 3 3-599-501

-498-625-606- 7 0 3

-679-657-606

141127153154

212180182172

200192204

898967989712

1,1363691

-537

-1 ,188-1,601

-896

-765-773-821-849

-791-846-946-992

-990-918-895

133194168

-137

345-810- 8 5 5

-1 ,529

-2 ,178-2 ,519-1 ,791

See footnotes at end of table on next page.


TABLE C-87.—U.S. balance of payments, 1946-72— Continued


Year orquarter

1946194719481949 , . .

1950 .1951195219531954

19551956195719581959

1960 _.196119621963.1964

19651966196719681969

19701971197213..

1970: 1 . . .IIIllIV

1971: 1 . . .I I . . . . . . .IllIV

1972: 1IIIll v

Long-termcapitalflows,

net

U.S.Gov-ern-

ment <

-889-901-892

-1,150-1 ,349

- 1 , 532-1 ,469- 2 , 424-2 ,159-1 ,926

- 2 , 018- 2 , 378

-959

Pri-vate^

-2 ,100-2 ,181-2 ,607-3,357- 4 , 470

- 4 , 577- 2 , 555-2 ,912

1,198- 5 0

-1 ,398-4,079

-632

Bal-ance

on cur-rent

accountand

long-term

capital

-1 ,1744

-1 ,003- 1 , 292

- 4

- 1 , 846-1,744- 3 , 280- 1 , 444-3 ,011

- 3 , 059- 9 , 304-10, 243

Non-liquidshort-term

privatecapitalflows,nets

- 2 5 3- 2 3 6-131

158

75-227- 4 1183

- 5 5 6

- 3 2 8-479- 1 7 4- 1 4 5- 8 9

9-1,405fl-1,2009-6579 - 9 6 8-1 ,642

-154-104-522

230-640

-482-2 ,386

-611

Allo-ca-

tionsof

spe-cial

draw-ing

rights

867717710

Errorsand

omis-sions,

net

155861

1 115717

-12435449722060

371390

1,012361260

-1 ,098- 1 , 054- 1 , 206

-455-1 ,048

-476-302-881-399

- 2 , 470

-1,174-11,031-2,951

Netliquid-

&ance

9-3,6769-2,2519-2,8649-2,713-2,696

- 2 , 477-2 ,151-4 ,683-1 ,610-6 ,122

- 3 , 851-22,002-13,093

Liq-uidpri-vate

capitalflows,net 8

9 2739 9039 2149 779

1,162

1,1882,3701,2653,2518,824

-5 ,988- 7 , 763

1,461

Officialreservetrans-actions

bal-ance

-3 ,403-1 ,348-2 ,650-1 ,934- 1 , 534

-1 ,289219

- 3 , 4181,6412,702

- 9 , 839-29,765-11,632

Changesin lia-bilities

toforeignofficialagen-cies,net«

1,258742

1,1171,5571,363

67-7873,366-761

-1 ,515

7,36227, 41711,441

Changesin U.S.officialreserveassets,

net 7

- 6 2 3-3 ,315-1 ,736

-266

1,758- 3 3

-4151,256

480

182-869

-1 ,1652,2921,035

2,145606

1,533377171

1,22256852

-880-1 ,187

2,4772,348

191

Seasonally adjusted

-462-563- 3 2 4-670

-702-584-558-533

-343- 9 5

-281

-922-236-191- 4 9

-922-1 ,605-1 ,883

330

-1 ,081750

-144

-1 ,251-605-347-856

- 1 , 279-2 ,999- 3 , 296-1 ,732

-3 ,602-1 ,864- 2 , 216

-247- 5 6

42-221

-534-315-883-654

-508592

-542

217217217216

180179179179

178178177

- 5 1-410-677- 3 7

-944- 2 , 586- 5 , 380-2 ,122

800-1 ,141- 1 , 872

-1 ,332-854-765-898

- 2 , 577- 5 , 721- 9 , 380-4 ,329

-3,132- 2 , 235- 4 , 453

-1 ,461-1 ,211-1,104- 2 , 212

- 2 , 848-745

- 2 , 551-1,619

-1191,386-171

-2 ,793- 2 , 065- 1 , 869-3 ,110

- 5 , 425- 6 , 466-11,931-5 ,948

- 3 , 251-849

-4,624

2,5291,2601,2852,286

4,7435,807

10,7376,135

2,8221,0804,679

264805584824

682659

1,194-187

429—231

- 5 5

U.S.officialreserveassets,

net(end ofperiod)

20,70624,02125,75826,024

24,26524,29924,71423,45822,978

22,79723,66624,83222,54021,504

19,35918,75317, 22016, 84316,672

15, 45014,88214, 83015,710

•016,964

14, 487"12,16713,150

Unad-justed

17,35016, 32815, 52714, 487

14,34213, 50412,131

"12,167

12, 2701313,339

13, 217

i Excludes military grants.s Adjusted from Census data for differences in timing and coverage.> Includes fees and royalties from U.S. direct investments abroad or from foreign direct investments in the United States.* Excludes liabilities to foreign official reserve agencies.* Private foreigners exclude the International Monetary Fund (IMF), but include other international and regional orga-

nizations.6 Includes liabTities to foreign official agencies reported by U.S. Government and U.S. banks and U.S. liabilities to the

IMF arising from reversible gold sales to, and gold deposits with, the United States.7 Official reserve assets include gold, special drawing rights, convertible currencies, and the U.S. gold tranche position

in the IMF.s Not available separately.9 Coverage of liquid banking claims for 1960-63 and of nonliquid nonbanking claims for 1960-62 is limited to foreign

currency deposits only; other liquid items are not available separately and are included with nonliquid claims.10 Includes gain of $67 million resulting from revaluation of the German mark in October 1969.i Includes $28 million increase in dollar value of foreign currencies revalued to reflect market exchange rates as of

December 31,1971.i2 First 3 quarters on a seasonally adjusted annual rates basis (except reserve assets are end of December).» Includes increase of $1,016 million resulting from change in par value of the U.S. dollar on May 8,1972.

Sources: Department of Commerce (Bureau of Economic Analysis) and Treasury Department.


TABLE G-88-—U.S. merchandise exports and imports by commodity groups, 1958-72


Year or quarter

19581959

19601961196219631964

19651966196719681969

1970 . . . .19711972 . .

1970: 1IIIIIIV..

1971: 1IIIllIV

1972: 1II.IIIIV . .

Merchandise exportsi

Total, includ-ing reexports 2

Sea-sonally

ad-justed

10,32710,79810,84810,757

11,23910,96611,6759,726

11,90311,57512,36513,300

Unad-justed

16,37516,426

19,65920,22620,98622,46725,832

26,74229,49031,03034,06337,332

42,65943,54949,116

10,19411,21910,15311,094

11,11611,40610,92410,103

11,89112, 04011, 55813,626

Domestic exports

Total 2 3

16,21116,243

19,45919,98220,71722,18225,479

26,39929,05430,64633,62636,788

42,02542,91148, 316

10, 06011, 0559,989

10,922

10,96211,22210,7779,950

11, 72511,82611,35913,406

Food,bever-ages,

and to-bacco

2,6882,852

3,1673,4663,7434,1884,637

4,5195,1864,7104,5924,446

5,0585,0766,573

1,1171,1451,2641,532

1,2951,2191,3361,225

1,4171,4321,6282,097

Crudemate-rialsand

fuels *

3,0522,996

3,9423,8643,3563,7754,337

4,2734,4044,7264,8655,006

6,6926,4417,090

1,4891 7251,6081,870

1,6891,6741,5691,509

1,7031,6881,5362,163

Man-ufac-tured

goods«

11,54711,179

12,58312,78413,66814,29716,529

17,43319,21820,84423,81826,785

29,34330,44333,650

7,2467,9326,8727,294

7,7388,0467,6487,010

8,3408,4317,9958,885

Merchandise imports

General imports «

Total 3

Sea-sonally

ad-justed

9,7219,864

10,02310,328

10,79911,74711,95811,030

13,41813,42013, 89614, 837

Unad-justed

13, 39215,690

15,07314,76116,46417,20718,749

21,42725,61826,88933,226*36,043

39,95245, 56355, 555

9,45510,0699,873

10,555

10,51812,00311,77811,264

13,30113, 73613, 52614, 992

Food,bever-ages,

and to-bacco

3,5503,580

3,3923,4553,6743,8634,022

4,0134,5904,7015,3655,308

6,2306,4047,371

1, 5121,5801,4961,640

1,4921,7061,8951,311

1,8091,7621,8081,993

Crudemate-rialsand

fuels *

4,1644,615

4,4184,3344,6914,7555,029

5,4405,7185,3676,0316,391

6,5427,2688,839

1,6671,6001,6171,657

1,6261,8361,9281,879

2,1302,1052,1962,407

Man-ufac-tured

goods«

5,3117,117

6,8636,5377,6498,0709,106

11,24414,44615, 75620,62423,011

25,90630,41437, 748

5,9986,5746,4226,913

7,0518,0847,5897,690

8,9859,4789,128

10,157

Grossmer-chan-dise

tradebal-

ance,sea-

sonallyad-

justed 7

2,983736

4,5865,4654,5225,2607,083

5,3153,8724,141

8371,289

2,708-2,014-6,439

606933825429

440-782-283

-1,304

-1,515- 1 , 845-1,531- 1 , 537

1 Beginning 1960, data have been adjusted for comparability with the revised commodity classifications effective in 1965.2 Totals exclude Department of Defense shipments of grant-aid military supplies and equipment under the M ilitary

Assistance Program.8 Total includes commodities and transactions not classified according to kind.* Includes fats and oils.' includes machinery, transportation equipment, chemicals, metals, and other manufactures. Export data for these items

in elude military grant-aid shipments.« Total arrivals of imported goods other than intransit shipments.7 Exports, excluding military grant-aid, less general imports; quarterly data seasonally adjusted.Note.—Data are as reported by the Bureau of the Census adjusted to include silver ore and bullion reported separately

prior to 1969. Export statistics cover all merchandise shipped from the U.S. customs area, except supplies for U.S. ArmedForces. Export values are f.a.s. port of export and include shipments under Agency for International Development andFood for Peace programs as well as other private relief shipments. Import values are defined generally as the marketvalue in the foreign country, excluding the U.S. import duty and transportation costs such as ocean freight and marineinsurance.

Source: Department of Commerce, Bureau of International Commerce.


TABLE C-89.— U.S. merchandise exports and imports by area, 1966-72


Area 1966 1967 1968 1969 1970 1971 1972

Exports (including reexports and special categoryshipments): Total

Developed countriesDeveloping countries

CanadaOther Western HemsiphereWestern Europe1 _Eastern Europe _.AsiaAustralia and OceaniaAfrica

General imports: Total _.

Developed countriesDeveloping countries

CanadaOther Western HemisphereWestern Europe iEastern EuropeAsiaAustralia and OceaniaAfricaUnidentified countries2

1966

30,430

20,12010,112

6,6794,7699,891198

6,740805

1,348

25,618

17,6327,795

6,1524,7377,679179

5,2775969926

1967

31,622

21,4679,960

7,1724,71810,187195

7,1501,0181,182

26,889

18,9937,709

7,1404,6628,052177

5,3495839206

1968

34,636

23,60010,821

80,725,33911,132215

7,5821,0261,269

33,226

24,1308,886

9,0055,14310,139198

6,911697

1,12211

1969

38,006

26,47911,277

9,1375,57612,392249

8,261998

1,392

36,043

26,4609,373

10,3845,16310,138195

8,275828

1,04612

1970

43,224

30,87712,993

9,0796,53214,463354

10,0281,1891,579

39,952

29,25910,442

11,0925,83611,169226

9,621871

1,11324

1971

44,130

30,33513,410

10,3656,48414,178384

9,8551,1681,694

45,563

33,74411,549

12,6916,03812,658223

11,779895

1,23641

49,676

34,21114, 585

12,4157,28015,280

81911,2761,0351,572

55, 555

40,80114,350

14,9097,00315,420

32115,1111,1451,595

51

i Includes Finland, Yugoslavia, Greece, and Turkey.3 Consists of certain low-valued shipments not identified by country.Note.—Developed countries include Canada, Western Europe, Japan, Australia, New Zealand, and the Republic of

South Africa. Developing countries include rest of the world except Communist areas in Eastern Europe and Asia andunidentified countries.

Source: Department of Commerce, Bureau of International Commerce.


TABLE C-90.—U.S. overseas loans and grants, by type and area, fiscal years; 1962-72[Millions of dollars]

Type of program and fiscalperiod

Total economic loans and grants(obligations and loan authori-zations) i

1962-71 averageLoansGrants

1972LoansGrants

Economic loans and grants toless developed countries, byprogram2

Obligations and loan authori-zations:

1962-71 average1972

Repayments and interest:1962-71 average1972

Agency for InternationalDevelopment

Obligations and loan authori-zations:

1962-71 average1972


Export-Import Bank long-termloans

Loan authorizations:1962-71 average _1972

Repayments and interest:1962—71 average1972

Food for PeaceObligations:

1962-71 average1972


Contributions and Subscriptionsto International LendingOrganizations*

Obligations:1962-71 average1972

Peace Corps and Other*Obligations:

1962-71 average1972


Total

4,7542,5152,238

5,6983 3912,307

4,4775,088

8501,379

2,2222,072

237313

4421,468

440720

1,3031,186

146306

301142

209220

2640

NearEastand

SouthAsia

1,3701,038

331

1,018333685

1,3701,018

310476

644451

131171

9490

86142

620457

88160

1020

54

LatinAmerica

1,118700419

1,121819302

1,1181,121

337463

513338

3369

194536

273337

143102

1527

187104

8141

1630

EastAsiaand

Vietnam

1,029297732

1,6941,119

575

9611,422

75136

571676

3330

63242

2952

297481

1151

3123

22

Africa

384171213

398265133

384398

4285

198175

2126

3199

1536

133104

521

2219

0

Europe

29526232

773764

9

121512

81212

210

1715

58502

37150

61

2747

Otherandnon-

regional

55847

511

69491

603

523617

5

293422

22

2

01

4942

11438

65115

41 Some data are preliminary.3 Countries have been classified "less developed" on the basis of the standard list of less developed countries used

by the Development Assistance Committee of the Organization for Economic Cooperation and Development. On thisbasis, "less developed" countries include all countries receiving U.S. loans or grants except the following which areconsidered "developed": Japan, Australia, New Zealand, Republic of South Africa, Canada, and all of Europe exceptMalta, Spain, and Yugoslavia.

3 Includes capital subscriptions and contributions to the Inter-American Development Bank and the InternationalDevelopment Association.

* Data for certain programs from Department of Commerce, Bureau of Economic Analysis.

Source: Agency for International Development (except as noted).


TABLE C-91.—International reserves, 1949, 1953, and 1967-72

[Millions of dollars; end of period]

1972~

Area and country 1949

46,116

37,353

26,024

1,752

6,79392978580196

%

537

&

2,2841,197

(0

1,587

8,765

2,8001,5353,6402 639

1953

51,826

41,478

23,458

2,670

10,603325

1,144829

1,773768

1,232

1,026150

1,7681,588

1,902

892

1,953

10,350

3,4001,5103,7401,790

1967

74, 290

61,276

14,830

2,695

36,7261,4782,5906,9948,1535,4632,619

2,2361,1003,6962,397

2,717

2,030

2,278

13,015

3,4303,3104,0852,125

1968

77,355

63, 241

15,710

2,422

36,1681,5042,1874,2019,9485,3412,463

2,3161,1494,2932,766

3,046

2,906

2,989

14,115

3,9103,3204,2152,505

1969

78,220

62,636

16,964

2,527

33,6131,5302,3883,8337,1295,0452,529

2,2131,2814,4253,240

3,106

3,654

2,772

15,580

4,4703,0354,8253,105

1970

92,540

74,311

14,487

2,827

44,6471,7512,8474,96013,6105,3523,234

2,5381,8175,1323,406

4,679

4,840

2,831

18,230

5,6453,1205,1654,190

1971

132,345

109,222

13,190

8,835

61,7942,3433,4738,25318,3926,7873,796

3,7013,2686,9664,815

5,701

15,360

4,342

23,120

6,5905,1005,8105,500

No-vember

All countries

Developed areas

United States

United Kingdom

Other Western EuropeAustriaBelgiumFranceGermanyItalyNetherlandsScandinavian countries

(Denmark, Finland, Nor-way, and Sweden)

SpainSwitzerlandOther

Canada.

Japan

Australia, New Zealand, andSouth Africa

Less developed areas

Latin AmericaMiddle EastOther AsiaOther Africa

152,330

125,016

13,306

5,896

73, 7682,7533,930

10,01923,5706,0874,810

4,4014,9116,4406,847

6,046

18,412

7,587

27,315

8,2766,8936,1905,845

i Not available separately.3 Estimate.Note.—International reserves is comprised of monetary authorities' holdings of gold. Special Drawing Rights and

Reserve Positions in the International Monetary Fund, and convertible foreign exchange. Beginning December 1971gold is valued at 38 U.S. dollars per ounce and foreign exchange balances are expressed in dollars at the cross rates re-flecting parities and central rates agreed on December 17, 1971 and subsequently. Data cover all countries exceptU.S.S.R., other Eastern European countries, Mainland China, and Cuba (after 1960).

Beginning 1959, when most of the major currencies of the world became convertible, data exclude known holdings ofinconvertible currencies, balances under payments agreements, and the bilateral claims arising from liquidation of theEuropean Payments Union.

Source: International Monetary Fund, "International Financial Statistics."


TABLE C-92.—U.S. reserve assets, 1946-72


End of year ormonth

Total reserveassets

Gold stock 1

Total 2 Treasury

Specialdrawingrights a

Convertibleforeign

currencies*

Reserveposition in

InternationalMonetary Fund 5

1946..1947..1948..1949..

1950..1951..1952..1953..1954..1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964..1965..1966..1967..1968..1969..

1970-.1971..1972.

1971: JanFeb. . . .Mar. . . .Apr . . . .M a y . . .June...July....Aug.. . .Sept. . .Oct . . . .Nov....D e c . . .

1972: Jan . . .Feb.. .Mar . . .Apr. . .M a y -June..

July..Aug. . .Sept..Oct. . .Nov...Dec.. .

20, 70624, 02125, 75826,024

24, 26524, 29924,71423, 45822,97822,79723,66624,83222, 54021, 504

19, 35918, 75317, 22016, 84316,67215, 45014, 88214, 83015, 71016,964

20,70622, 86824,39924, 563

22, 82022, 87323, 25222,09121, 79321.75322, 05822, 85720, 58219, 507

17, 80416,94716, 05715, 59615, 471

«13, 80613, 23512, 06510, 89211, 859

14, 487812,167

13,150

14,69914, 53414,34214,30713, 81113, 504

13, 28312,12812,13112,14612,131

«12,167

12,87912,33012, 27012,285

«13,34513, 339

13,09013,12413,21713,31313,30713,150

11,07210, 20610,487

11,04011,03910,96310,92510, 56810, 507

10, 45310, 20910, 20710, 20710, 20610, 206

10,2069,6629,6629,662

»10,49010,490

10,49010,48810, 48710, 48710,48710,487

20, 52922, 75424, 24424, 427

22, 70622,69523,18722, 03021,71321,69021,94922,78120, 53419, 456

17, 76716, 88915,97815, 51315,388

e 13,73313,15911,98210,36710, 367

10, 73210,13210,410

10, 73210,73210,73210,73210,33210,332

10,33210,13210,13210,13210,13210,132

10,1329,5889,5889,588

»10, 41010, 410

10, 41010,41010,41010, 41010,41010,410

8511,1001,958

1,4681,4681,4431 4431,2471,247

1,1471,0971,0971,1001,1001,100

1,8101,8101,8101,803

91,9581,958

1,9581,9581,9581,9581,9581,958

11699212432781

1,3212,3453,528

7 2, 781

6298 276241

491327256257318322

250248250259243

»276

276276212429469457

203234323414403241

1,1531,3591,461

1,4451,4261,4621,3671,1851,0441,608,975L, 958,997

,555,6901,0641,035769

«863326420

1,2902,324

1,935585464

1,7001,7001,6801,6821,6781,428

1,433574577580582585

587582586391

M28434

439444449454459464

1 From 1956 through January 1972, includes gold sold to the United States by the International Monetary Fund ( IMF)with the right of repurchase, and beginning 1965 also includes gold deposited by the IMF to mitigate the impact on theU.S. gold stock of purchases by foreign countries for gold subscriptions on increased IMF quotas.

2 Includes gold in Exchange Stabilization Fund.3 Includes initial allocation on January 1, 1970 of $867 million, second allocation on January 1, 1971 of $717 million,

and third allocation on January 1, 1972 of $710 million of special drawing rights (SDR) in the Special Drawing Accountin the IMF, plus or minus transactions in SDR.

* Includes holdings of Treasury and Federal Reserve System.«The United States has the right to purchase foreign currencies equivalent to its reserve position in the Fund auto-

matically if needed. Under appropriate conditions the United States could purchase additional amounts equal to theUnited States quota.

fl Reserve position includes, and gold stock excludes, $259 million gold subscription to the Fund in June 1965 for a U.S.quota increase which became effective on February 23,1966. In figures published by the Fund from June 1965 throughJanuary 1966, this gold subscription was included in the U.S. gold stock and excluded from the reserve position.

7 Includes gain of $67 million resulting from revaluation of German mark in October 1969, of which $13 million representsgain on mark holdings at time of revaluation.

8 Includes $28 million increase in dollar value of foreign currencies revalued to reflect market exchange rates as ofDecember 31,1971.

9 Includes $1,016 million increase in total reserve assets resulting from the change in par value of the U.S. dollar onMay 8, 1972, consisting of $828 million total gold stock, $822 million Treasury gold stock, $155 million special drawingrights, and $33 million reserve position in the IMF.

Note.—Gold held under earmark at Federal Reserve Banks for foreign and international accounts is not included inthe gold stock of the United States.

Sources: Treasury Department and Board of Governors of the Federal Reserve System.


TABLE C-93.—Price changes in international trade, 1964-72

[1963=100]

Area or commodity class 1964 1965 1966 1967 1968 1969 1970 1971

1972

Thirdquarter

Developed areas

Total:

ExportsTerms of trade i

United States:

ExportsTerms of trade »

Developing areas

Total:

ExportsTerms of trade K

Latin America:

ExportsTerms of trade *

Southern and Eastern Asia:

ExportsTerms of trade *

Primary commodities: Total

Foodstuffs.

Coffee, tea, and cocoa..Cereals

Other agriculturalcommodities <_.

Fats, oils, and oilseeds.Textile fibers

WoolRubber

MineralsMetal ores.

Manufactured goods: Total«—

Nonferrous base metals«...

102100

10199

103101

107106

10099

103

105

121103

102

10410210395

102108

101

119

Unit value indexes by area

103100

104101

10299

106103

10199

105100

107101

104101

108103

101100

105101

110102

103100

105100

9999

104101

111103

103101

10699

97100

108101

115103

106101

109100

103103

114102

121101

109100

115101

106104

119101

12599

114101

10990

108104

World export price indexes

103

103

11199

103

114928697

104114

103

135

104

105

113104

104

HI929091

104105

106

156

101

104

111106

96

102887775

103109

107

142

100

102

111102

96

100887474

102108

107

150

104

106

120102

101

101857398

104114

110

168

107

111

13899

100

109846478

109122

117

175

117

118

121105

107

118855664

127126

124

154

130102

12994

* 117a 102

»111ago

U 0 9»103

133

135

143114

124

11310585

B 61

141137

135

152

* Terms of trade indexes are unit value indexes of exports divided by unit value indexes of imports.2 Data are for second quarter 1972.3 Excludes Japan.* Includes nonfood fish and forest products.« Data are for first 3 quarters of 1972.« Data for manufactured goods are unit value indexes.

Note.—Data exclude trade of Communist areas in Eastern Europe (except Yugoslavia) and Asia.

Sources: United Nations and Department of Commerce (Bureau of International Commerce and Bureau of Resourcesand Trade Assistance).


TABLE G-94.—Consumer price indexes in the United States and other major industrial countries.1957-72

[1963=1001

Period

195719581959

19601961196219631964

19651966196719681969

1970197119721

1970: 1II.IIIIV

1971: 1IIIII .IV

1972: 1IIIIIIV a

UnitedStates

91.994.495.2

96.797.798.8

100.0101.3

103.1106.0109.1113.6119.7

126.8132.3136.6

124.2126.2127.6129.3

130.3131.7133.0133.8

134.9136.0137.2138.4

Canada

91.794.195.1

96.297.198.3

100.0101.8

104.3108.2112.0116.6122.0

126.0129.6135.2

125.0126.1126.7126.5

127.1128.9130.8131.7

133.3134.4137.1138.0

Japan

79.378.979.8

82.687.093.0

100.0103.9

110.7116.4121.0127.5134.1

144.5153.3159.6

142.1143.9143.9148.2

150.2152.7154.2156.2

156.6159.8161.1163.3

France

69.680.185.0

88.191.095.4

100.0103.4

106.0108.9111.8116.9124.4

131.2138.6145.8

129.0130.6131.9133.4

135.3137.4139.3141.3

143.0145.0147.8150.0

Germany

88.190.090.9

92.194.397.1

100.0102.3

105.8109.5111.1113.1116.1

120.5126.7133.3

119.4120.4120.6121.7

124.4126.3127.3128.8

131.3132.8134.8136.4

Italy

83.285.585.1

87.188.993.1

100.01D5.9

110.7113.3116.9118.5121.6

127.6133.9140.6

125.4127.1128.1130.1

131.7133.2134.3136.3

138.0139.8142.4145.1

Nether-lands

889091

939597

100106

111.0117.4121.4125.9135.3

141.3152.0162.9

138.2140.4142.5144.1

147.3151.1153.3156.3

159.3163.3164.4168.0

UnitedKingdom

86 989.590.0

90.994.098.0

100.0103.3

108.2112.4115.2120.6127.2

135.3148.0157.5

131.5134.6136,1139.0

142.8147.9149.9151.8

154.1157.0159.6162.8

i For United States, 12-month average; for all other countries, January-October average.» October-December average for United States; October data for all other countries.

Sources: Department of Labor and Organization for Economic Cooperation and Development.

301U.S. GOVERNMENT PRINTING OFFICE : 1973—O-490-000Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

erp1973 appendixes 3

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