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Appendix B
STATISTICAL TABLES RELATING TO INCOME,
EMPLOYMENT, AND PRODUCTION
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
C O N T E N T S
NATIONAL INCOME OR EXPENDITURE:Page
B-l. Gross national product, 1929-83 220B-2. Gross national product in 1972 dollars, 1929-83 222B-3. Implicit price deflators for gross national product, 1929-83 224B-4. Fixed-weighted price indexes for gross national product, 1972
weights, 1959-83 226B-5. Changes in gross national product, personal consumption expendi-
tures, and related price measures, 1929-83 227B-6. Gross national product by major type of product, 1929-83 228B-7. Gross national product by major type of product in 1972 dollars,
1929-83 229B-8. Gross national product by sector, 1929-83 230B-9. Gross national product by sector in 1972 dollars, 1929-83 231B-10. Gross national product by industry, 1947-82 232B-ll. Gross national product by industry in 1972 dollars, 1947-82 233B-12. Gross domestic product of nonfinancial corporate business, 1929-
83 234B-l 3. Output, costs, and profits of nonfinancial corporate business,
1948-83 235B-14. Personal consumption expenditures, 1929-83 236B-15. Gross and net private domestic investment, 1929-83 238B-16. Gross and net private domestic investment in 1972 dollars, 1929-
83 239B-17. Inventories and final sales of business, 1946-83 240B-18. Inventories and final sales of business in 1972 dollars, 1947-83 241B-19. Relation of gross national product, net national product, and na-
tional income, 1929-83 242B-20. Relation of national income and personal income, 1929-83 243B-21. National income by type of income, 1929-83 244B-22. Sources of personal income, 1929-83 246B-23. Disposition of personal income, 1929-83 248B-24. Total and per capita disposable personal income and personal con-
sumption expenditures in current and 1972 dollars, 1929-83 249B-25. Gross saving and investment, 1929-83 250B-26. Saving by individuals, 1946-83 251B-27. Number and median income (in 1982 dollars) of families and per-
sons, and poverty status, by race, selected years, 1947-82 252POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:
B-28. Population by age groups, 1929-83 253B-29. Population and the labor force, 1929-83 254B-30. Civilian employment and unemployment by sex and age, 1947-83 .. 256B-31. Unemployment by duration and reason, 1947-83 257
215
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
B-32. Civilian labor force participation rate and civilian employment/population ratio, 1948-83 258
B-33. Unemployment rate, 1948-83 259B-34. Civilian labor force participation rate by demographic characteris-
tic, 1954-83 260B-35. Civilian unemployment rate by demographic characteristic, 1948-
83 261B-36. Unemployment insurance programs, selected data, 1950-83 262B-37. Wage and salary workers in nonagricultural establishments, 1929-
83 263B-38. Average weekly hours and hourly earnings in selected private non-
agricultural industries, 1947-83 264B-39, Average weekly earnings in selected private nonagricultural indus-
tries, 1947-83 265B-40. Productivity and related data, business sector, 1947-83 266B-4L Changes in productivity and related data, business sector, 1948-83. 267
PRODUCTION AND BUSINESS ACTIVITY:B-42. Industrial production indexes, major industry divisions, 1929-83.... 268B-43. Industrial production indexes, market groupings, 1947-83 269B-44. Industrial production indexes, selected manufactures, 1947-83 270B-45. Capacity utilization rate in manufacturing, 1948-83 271B-46. New construction activity, 1929-83 272B-47. New housing units started and authorized, 1959-83 274B-48. Nonfarm business expenditures for new plant and equipment,
1947-84 275B-49. Sales and inventories in manufacturing and trade, 1947-83 276B-50. Manufacturers' shipments and inventories, 1947-83 277B-51. Manufacturers' new and unfilled orders, 1947-83 278
PRICES:B-52. Consumer price indexes, major expenditure classes, 1946-83 279B-53. Consumer price indexes, selected expenditure classes, 1946-83 280B-54. Consumer price indexes, commodities, services, and special
groups, 1939-83 282B-55. Changes in consumer price indexes, 1958-83 283B-56. Changes in consumer price indexes, commodities and services,
1948-83 284B-57. Producer price indexes by stage of processing, 1947-83 285B-58. Producer price indexes by stage of processing, special groups,
1974-83 287B-59. Producer price indexes for major commodity groups, 1947-83 288B-60. Changes in producer price indexes for finished goods, 1950-83 290
MONEY STOCK, CREDIT, AND FINANCE:B-61. Money stock measures and liquid assets, 1959-83 291B-62. Components of money stock measures and liquid assets, 1959-83... 292B-63. Commercial bank loans and investments, 1939-83 293B-64. Total funds raised in credit markets by nonfinancial sectors, 1975-
83 294B-65. Federal Reserve Bank credit and reserves of depository institu-
tions, 1929-83 296B-66. Aggregate reserves of depository institutions and monetary base,
1959-83 297
216
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
B-67. Bond yields and interest rates, 1929-83 298B-68. Consumer credit outstanding, 1950-83 300B-69. Net change in consumer credit outstanding, 1950-83 301B-70. Mortgage debt outstanding by type of property and of financing,
1939-83 302B-71. Mortgage debt outstanding by holder, 1939-83 303
GOVERNMENT FINANCE:B-72. Federal budget receipts, outlays, and debt, fiscal years 1974-85 304B-73. Federal budget receipts and outlays, off-budget outlays, and debt,
fiscal years 1929-85 306B-74. Relation of Federal Government receipts and expenditures in the
national income and product accounts to the unified budget,fiscal years 1983-85 307
B-75. Government receipts and expenditures, national income and prod-uct accounts, 1929-83 308
B-76. Federal Government receipts and expenditures, national incomeand product accounts, 1959-85 309
B-77. State and local government receipts and expenditures, nationalincome and product accounts, 1946-83 310
B-78. State and local government revenues and expenditures, selectedfiscal years, 1927-82 311,
B-79. Interest-bearing public debt securities by kind of obligation, 1967-83 312
B-80. Maturity distribution and average length of marketable interest-bearing public debt securities held by private investors, 1967-83, 313
B-81. Estimated ownership of public debt securities, 1976-83 314
CORPORATE PROFITS AND FINANCE:B-82. Corporate profits with inventory valuation and capital consumption
adjustments, 1929-83 315B-83. Corporate profits by industry, 1929-83 316B-84. Corporate profits of manufacturing industries, 1929-83 317B-85. Sales, profits, and stockholders' equity, all manufacturing corpora-
tions, 1950-83 318B-86. Relation of profits after taxes to stockholders' equity and to sales,
all manufacturing corporations, 1947-83 319B-87. Sources and uses of funds, nonfarm nonfinancial corporate busi-
ness, 1946-83 320B-88. Current assets and liabilities of U.S. corporations, 1940-83 321B-89. State and municipal and business securities offered, 1934-83 322B-90. Common stock prices and yields, 1949-83 323B-91. Business formation and business failures, 1940-83 324
AGRICULTURE:B-92. Farm income, 1929-83 325B-93. Farm output and productivity indexes, 1929-83 326B-94. Farm input use, selected inputs, 1929-83 327B-95. Indexes of prices received and prices paid by farmers, 1946-83 328B-96. U.S. exports and imports of agricultural commodities, 1940-83 329B-97. Balance sheet of the farming sector, 1929-84 330
INTERNATIONAL STATISTICS:B-98. Exchange rates, 1967-83 331B-99. U.S. international transactions, 1946-83 332
217
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
B-100. U.S. merchandise exports and imports by principal end-use catego-ry, 1965-83 334
B-101. U.S. merchandise exports and imports by area, 1974-83 335B-102. U.S. merchandise exports and imports by commodity groups,
1965-83 336B-103. International investment position of the United States at year-end,
selected years, 1970-82 337B-104. World trade: Exports and imports, 1965, 1970, 1975, and
1979-83 338B-105. World trade balance and current account balances, 1965, 1970,
1975, and 1979-83 339B-106. International reserves, selected years, 1952-83 340B-107. Growth rates in real gross national product, 1960-83 341B-108. Industrial production and consumer prices, major industrial coun-
tries, 1960-83 342B-109. Civilian unemployment rate, and hourly compensation, major in-
dustrial countries, 1960-83 343
218Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
General
Detail in these tables may not addUnless otherwise noted,Symbols used:
p Preliminary.Not available
all dollar
(also, not
Votes
to totals because of rounding.figures are in current dollars.
applicable).
219Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
NATIONAL INCOME OR EXPENDITURE
TABLE B-l.—Gross national product, 1929-83
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or quarter
Grossnation-
alprod-uct
Personal consumptionexpenditures
TotalDura-
blegoods
Non-dura-
blegoods
Serv-
Gross private domestic investment
Total
Fixed investment
Total
Nonresidential
Total Struc-tures
Pro-ducers
dur-able
equip-ment
Residential
Total
Non-farmstruc-tures
Farmstruc-tures
Pro-ducers
dur-able
equip-ment
Change
192919331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983 ".
1981:
\\ZZZZIllIV
1982:
HI
IV
1983:
\\ZZ'Z'ZinIV *
103.455.890.9
100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3
286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9
506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0
992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.32,163.92,417.8
2,631.72,954.13,073.03,309.5
2,866.62,912.53,004.93,032.2
3,021.43,070.23,090.73,109.6
3,171.53,272.03,362.23,432.0
77.345.867.0
71.080.888.699.4
108.2119.5143.8161.7174.7178.1
192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8
324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8
621.7672.2737.1812.0888.1976.4
1,084.31,204.41,346.51,507.2
1,668.11,857.21,991.92,158.6
1,802.81,835.81,886.11,904.1
1,938.91,972.82,008.82.046.9
2,073.02,147.02,181.12,233.1
9.23.56.7
7.89.76.96.56.78.0
15.820.422.925.0
30.829.829.132.531.838.637.939.336.842.4
43.141.646.751.456.463.068.070.180.585.7
85.297.2
111.1123.3121.5132.2m200.2213.4
214.7236.1244.5278.6
236.9233.4243.5230.8
239.4242.9243.4252.1
258.5277.7282.8295.2
37.722.335.1
37.042.950.858.664.371.982.790.996.694.9
98.2108.8113.9116.5118.0122.9128.9135.2139.8146.4
151.1155.3161.6167.1176.9188.6204.7212.6230.6247.8
265.7278.8300.6333.4373.4407.3441.7478.8528.2600.0
668.8733.9761.0804.3
716.3730.6741.1747.7
749.7754.7766.6773.0
777.1799.6814.8825.9
30.320.125.2
26.228.231.034.337.139.645.350.455.358.2
63.068.574.080.686.192.199.2
105.9112.8121.9
130.7138.1147.0156.1167.1178.7192.4207.6225.8248.2
270.8296.2325.3355.2393.2437.0485.7547.4618.0693.7
784.5887.1986.4
1,075.7
849.6871.8901.5925.6
949.7975.2998.9
1,021.8
1,037.41,069.71,083.51,112.0
16.21.49.3
13.117.99.95.87.2
10.630.734.045.935.3
53.859.252.153.352.768.471.069.261.978.1
75.974.885.490.997.4
113.5125.7122.8133.3149.3
144.2166.4195.0229.8228.7206.1257.9324.1386.6423.0
401.9474.9414.5471.3
455.5472.1495.8476.2
422.9432.5425.3377.4
404.1450.1501.1529.8
14.53.08.8
10.913.48.16.48.1
11.724.334.441.138.4
47.048.949.052.954.362.466.367.963.472.5
72.972.579.284.991.7
103.7111.6112.5125.4139.5
141.0158.8184.8211.3214.5213.0246.0301.0360.1
411.7456.5439.1478.2
444.7457.1462.2461.8
448.6443.7430.2433.8
443.5464.6492.5512.1
10.62.45.9
7.59.46.05.06.9
10.116.923.026.324.4
27.331.331.334.534.238.544.047.042.045.9
48.548.052.254.861.072.783.183.990.7
101.3
103.9107.9121.0143.3156.6157.7174.1205.2248.9290.2
308.8352.2348.3347.7
333.1347.6360.6367.6
361.3352.7342.3337.0
332.1336.3351.0371.2
5.11.02.0
2.33.01.91.41.92.86.97.79.08.7
9.511.411.612.913.414.617.718.417.217.6
18.819.120.120.522.427.030.130.332.436.7
38.740.544.151.055.955.458.864.478.798.3
110.9133.4141.9131.4
121.6129.4137.0145.5
144.7144.2140.0138.6
132.9127.4130.9134.5
5.51.43.9
5.26.44.13.75.07.39.9
15.317.315.7
17.819.919.721.520.823.926.328.624.928.3
29.728.932.134.438.745.853.053.758.264.6
65.267.476.992.3
100.7102.3115.3140.8170.2191.9
197.9218.8206.4216.3
211.5218.3223.6222.1
216.5208.5202.2198.4
199.3208.8220.2236.8
3.9.6
2.9
3.44.02.21.41.31.57.4
11.414.913.9
19.817.617.718.420.123.922.320.921.426.6
24.524.527.030.130.730.928.528.634.838.2
37.150.963.868.057.955.372.095.8
111.2118.6
102.9104.390.8
130.5
111.6109.5101.794.3
87.391.087.996.8
111.3128.4141.5140.8
3.6
27
3.23.61.91.21.11.46.7
10.413.712.8
18.616.416.517.319.022.821.219.720.325.3
23.323.225.828.929.429.627.127.233.336.5
35.448.961.565.654.852.4
107.0114.0
98.199.886.0
125.5
107.5105.297.089.5
83.286.183.491.2
106.7123.3136.3135.6
See next page for continuation of table.
220Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-l.—Cross national product, 1929-83—Continued
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or quarter
192919331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983p
1981:I||Illtv
1982:I||||fIV
1983:|||IllIV p
Net exports of goods andservices
Netexports
1.14
1.2
1 815.2
- 1 917
_ 57.8
1196.965
22443.2132.5305.37 33.31.4
556.6647.6
10 1886.5634342
674 1
.714 213.426 813 840
- 1 . 113.2
23 926 317.4
-10.6
31.921.122 829 2
29 933.3
.95.6
17 0- 8 . 5
-18.3-32.6
Exports
7.02.44.6
546.15.04.65574
15.120 217.516 3
14 419 719.118 018.721025.028124.224.8
28 929.931834.238 841 144.647 352 457 5
65 768 877.5
109 6146.2154 9170 9182 7218.7281.4
338 8368 8347.6335.8
367.3369.2367.53710
358 4364.5346.0321.6
326 9327.1341.1348.1
m ports
5.92.03.4
364.74.86.5727.97.38.3
10.59.8
12 215.315.916.716.218.019.820 821.023.4
23 423.325 426.628.832 338.141048153 3
59 064 776.795 4
132.8128.1157 1186 7219.8268.1
314 8342 5330.2346.4
335.4348.1344.7341.7
328 5331.2345.0316.1
309 9335.6359.4380.7
Government purchases of goods andservices
Total
8.88.2
13.5
14 224.959.888.997.082.827.525.532.038.4
38.560.175.682.575.875.079.487.195.097.6
100 3108.2118 0123.7129.8138 4158.7180 2199 0208 8
2201234 9253.1270 4304.1339.9362 1393 8431.9474.4
537 8595 7649.2690.2
576.3583.5600.3622.8
629 8631.6655.7679.7
,677 4683.4698.3701.7
Federal
Total
1.42.15.2
6.116.952.081.389.474.617.612.716.720.4
18.738.352.457.547.944.545.950.053.953.9
53 757.463 764.665.267 378.890.998 097.6
95.796 2
101.7102 0111.0122.7129.2143 4153.6168.3
197.0229.2258.7275.2
215.7220.4232.4248.5
249.7244.1261.7279.2
273.5273.7278.1275.6
Nation-al
defense
1.2
2213.749.479.787 473.514.89.0
10.713.2
14 033.545.848.641.138.440.244 045.645.6
44 547.051150.349 049 460.371576 976 3
73.670 273.172 877.083.086 092 8
100.3111.8
131.2154 0179.4200.3
143.3151.2154.9166.7
1681175.2183.6190.8
194 4199.4201.2206.2
Non-de-
fense
3.9
3.93.22.61.62.01.12.83.76.07.2
4.74.86.58.96.86.05.75.98.38.3
9310.412 714.316.217 818.519.521221.2
11126 028.529,133.939.743.250 653.356.5
65.975.279.374.9
72.469.277.581.8
81.768.978.188.5
79.174.376.969.4
Stateandlocal
7.46.18.3
8,18.07.87.57.68.29.9
12.815.318.0
19.821.823.225.027.830.633.537.141.143.7
46.550.854.359.064.671.179.889.3
1010111.2
124.4138.7151.4168.5193.1217.2232.9250.4278.3306.0
340.8366.5390.5415.0
360.5363.2367.9374.3
380.0387.5394.0400.5
404.0409.7420.2426.1
Finalsales
101.757.490.5
97.8120.6156.7192.8211.6213.5203.5233.5254.8261.4
279.7320.5344.8366.3368.4394.1417.0442.6451.2482.2
503.6522.2558.8590.7632.1681.2741.9789.3865.5934.2
989.51,070.01,175.71,307.91,420.11,556.11,706.21,895.32,137.42,403.5
2,641.52,935.63,097.53,316.4
2,855.72,897.52,971.43,017.9
3,047.13,081.43,095.63,165.9
3,210.93,286.63,353.73,414.3
Percent changefrom preceding
periodl
Grossnation-
alprod-uct
6.64.27.0
10.025.026.721.39.6
.9- 1 . 211.111.3
10.915.55.25.4
.09,05.45.31.38.5
3.83.67.75.66.98.49.45.89.28.1
5.28.6
10.111.88.18.0
10.911.712.811.7
8.812.24.07.7
20.56.6
13.33.7
1.46.62.72.5
8.213.311.58.6
Finalsales
5.3
8.123.230.023.09.8
.9-4 .714.89.12.6
7.014.67.66.2
.67.05.86.11.96.9
4.43.77.05.77.07.88.96.49.77.9
5.98.19,9
11.28.69.69.6
11.112.812.4
9.911.15.57.1
16.16.0
10.66.4
3.94.6l.S9.4
5.89.88.4l.t
1 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here.Source: Department of Commerce, Bureau of Economic Analysis.
221Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-2.—Gross national product in 1972 dollars, 1929-83
[Billions of 1972 dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year orquarter
Grossnationalproduct
Personal consumptionexpenditures
TotalDurablegoods
Non-durablegoods
Services
Gross private domestic investment
Total
Fixed investment
Total
Nonresidential
TotalStruc-tures
Produc-ers'
durableequip-ment
Residential
Total
Non-farmstruc-tures
Farmstruc-tures
Produc-ers'
durableequip-ment
Changein
busi-nessinven-tories
192919331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983".
1981:
IIIII....IV....
1982:I
315.7222.1319.8344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7
737.2756.6800.3832.5876.4929.3984.8
1,011.41,058.11,087.61,085.61,122.41,185.91.254.31,246.31,231.61,298.21,369.71,438.61,479.41,475.01,513.81,485.4
215.1170.5219.8229.9243.6241.1248.2255.2270.9301.0305.8312.2319.3
337.3341.6350.1363.4370.0394.1405.4413.8418.0440.4452.0461.4482.0500.5528.0557.5585.7602.7634.4657.9
672.1696.8737.1767.9762.8779.4823.1864.3903.2927.6931.8956.8970.2
1,534.8 1,011.4
IIIIV
1983:IIIIll
1,510.11,512.51,525.81,506.9
1,485.81,489.31,485.71,480.7
1,490.11,525.1
953.6954.7962.9955.7
961.4968.8971.0979.6
986.71,010.6
1.553.4 1,016.01.570.5 1,032.2
20.910.718.6
21.224.215.714.013.014.425.430.132.535.5
42.639.138.042.142.551.148.848.645.350.7
51.449.354.759.764.872.678.479.588.391.8
89.198.2
111.1121.3112.3112.7126.6138.0146.8147.2
137.5141.2139.8156.0
145.4140.5143.9134.8
138.5139.5138.2143.2
145.8156.5157.9163.6
98.182.9
115.1
119.9127.6129.9134.0139.4150.3158.9154.8155.0157.4
161.8165.3171.2175.7177.0185.4191.6194.9196.8205.0
208.2211.9218.5223.0233.3244.0255.5259.5270.5277.3
283.7288.7300.6307.4302.5307.5321.9333.4344.4353.1355.6362.5364.2376.3
359.8362.7363.6363.8
362.6363.5364.7366.0
368.9374.7378.1383.3
96.176.986.1
88.891.895.5
100.2102.8106.3116.7120.9124.7126.5
132.9137.2140.9145.6150.5157.6165.0170.3175.9184.8
192.4200.2208.8217.8229.8240.9251.8263.7275.6288.8
299.3309.9325.3339.2348.0359.3374.7393.0412.0427.3438.8453.1466.2479.2
448.3451.5455.5457.1
460.4465.7468.2470.4
472.0479.4480.1485.3
55.88.4
33.6
44.555.829.518.119.727.770.970.082.165.4
93.593.983.085.383.1
103.8102.697.087.5
108.0
104.7103.9117.6125.1133.0151.9163.0154.9161.6171.4
158.5173.9195.0217.5195.5154.8184.5214.2236.7236.3
208.5227.6194.5218.4
222.7229.5236.3221.7
199.7201.4198.4178.4
190.0210.2230.7242.5
51.213.232.0
38.343.824.318.022.031.458.770.276.669.8
83.080.278.783.885.396.196.895.589.3
100.9
101.2100.9109.7117.5125.9140.1146.2142.7152.6160.4
154.8165.8184.8200.4183.9161.5176.7200.9220.7229.1212.9219.1203.9220.7
219.7220.7220.2215.7
209.9204.9199.8201.1
205.4215.6227.0235.0
37.510.420.9
25.830.417.614.018.727.642.148.951.146.0
50.052.952.156.355.461.365.466.259.363.6
66.966.772.075.182.797.4
108.0105.6109.5116.8
113.8112.2121.0138.1135.7119.3125.6140.3158.3169.9
165.8174.4166.1168.0
170.9173.4177.0176.3
173.6167.1163.3160.5
159.9163.0170.1178.9
21.15.08.7
10.012.06.84.25.58.3
18.917.418.417.9
19.220.720.622.623.625.428.328.426.827.4
29.530.231.631.934.440.643.442.042.845.0
43.942.844.147.443.638.339.540.444.649.148.852.553.449.8
50.151.653.554.6
54.354.053.052.2
50.348.349.650.8
16.45.5
12.1
15.818.510.99.8
13.219.223.231.532.628.1
30.832.231.533.731.835.937.037.832.536.2
37.436.540.443.148.356.864.563.666.871.8
69.969.376.990.792.181.186.199.9
113.7120.8117.0121.9112.7118.2
120.8121.7123.5121.8
119.3113.1110.3108.3
109.6114.7120.5128.1
13.72.8
11.1
12.513.36.74.03.43.8
16.621.325.623.8
33.027.326.627.529.934.831.529.230.037.4
34.234,337.742.543.142.738.237.143.143.6
41.053.763.862.348.242.251.260.762.459.1
47.144.737.852.7
48.847.343.139.4
36.337.836.540.6
45.552.656.856.1
13.02.5
10.4
11.612.36.03.53.03.4
15.319.723.822.1
31.325.725.126.128.533.530.027.828.635.9
32.932.836.340.941.541.236.635.441.341.7
39.251.661.559.945.339.848.757.959.556.3
44.242.135.250.1
46.344.840.536.8
33.935.234.137.8
43.050.054.153.3
0.6.2.6
.8
.9
.6
.4
.4
.31.11.31.51.4
1.31.31.21.21.1.9
1.01.0.9
1.0
.81.0.9.9.9.8
0.1
See next page for continuation of table.
222Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-2.—Gross national product in 1972 dollars, 1929-83—Continued
[Billions of 1972 dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or quarter
1929.19331939
19401941...19421943194419451946194719481949
19501951....19521953..19541955....19561957.19581959
19601961196219631964...19651966196719681969
1970197119721973197419751976197719781979
1980198119821983"..
1981:|IIHIIV..
1982:IIIIllIV
1983:1IIHI.IV P
Net exports of goods andservices
Netexports
37.4
3.4
4.43.2
- . 6- 5 9-6 .2- 3 713.218 910.810.7
5.91017.94 86.973
10.11185.62.7
7.78.57.59.4
12 810.16.55.41.9.9
3.916
715.527 832 225.422.024 037.2
50 343.028.911.7
48.344.139 839.9
35.233.424.023.0
20.512 31142.5
Exports
16.79.1
14.3
15.516.411.49.8
10.513.827.332 226.325.8
23.628.627.9?6.627.830.735.338.033.233.8
38.439.341.844.850351.754.456.761.265.0
70.571.077 597.3
108.5103 5110.1112.9126.7146.2
1591159.7147.3138.9
160.6160.7159.0158.7
151.8154.5146.4136.5
137.3136.2140.7141.5
Imports
12 98.6
10.9
11.113.212.015.716.817 514.013 315.515.2
17.718.520.021.820.923.425.226127.631.1
30.730.934.335.437 541.647.951.359.364.1
66.669.376 781.880771484.790.9
102.7109.0
108 8116.7118.4127.2
112.4116.6119.1118.8
116.6121.1122.4113.5
116.8123.9129.2139.0
Government purchases of goods andservices
Total
41042.963.0
65.397.8
191.62713300.42654
93.175 784.796.8
98.1133.7159.8170.1156.0152.3153.51612169.8170.6
172.8182.9193.2197.6202 6209.8229.7248.5260.2257.4
251.1250.12531253.3260 3265 2265.2269.2274.6278.3
284 3286.5291.8293.3
285.6284.1286 8289.6
289.4285.8292.2299.7
292.9292.1295 2293.2
Federal
Totat
7010.922.8
26.761.0
157.4239 6269.7233 7
58.236 342.849.2
47.382.2
107.2114 796.188 286.890 693.491.4
90.495.3
102.8101.8100 2100.3112.6125.1128.1121.8
110.6103 7101795.996 697 496.8
100.4100 3102.1
106 4110.4116.6118.0
107.3107.91118114.5
114.5110.3116.9124.4
118.4117 6118 9116.9
Nation-al
de-fense
... .
73168.366.966 464.965.465.767.4
70 073.678.884.2
71.073.374.475.7
75.577.880.481.4
82.784.284.285.6
Non-de-
fense
28 527.629.731031.835.034.734.8
36 436.837.833.7
36.334.637.438.7
39.132.536.543.0
35.733.434.731.2
Stateandlocal
33 932.040.3
38.636.834.331730.731734.939 441.947.5
50.851.552.755.359.964.166.770.676.479.2
82.487.590.495.8
102 4109.5117.1123.4132.1135.6
140.5146.41514157.4163.6167 8168.4168.8174.3176.2
177.9176.1175.2175.4
178.3176.2175.0175.1
174.9175.4175.3175.2
174.5174.5176.3176.3
Finalsales
3110227.0318.2
337.9388.4456.55315571.4564 0466.1470 6484.3496.6
524.2565.6596.5622.1618.2649.8665.8682.2682.7714.7
733.7753.7792.4825.0869 3917.5968.0999.2
1,049.11,076.6
1,081.81,114.31175 71,237.11,234.71238 41,290.41,356.41,422.61,472.2
1,479.41,505.31,494.81,537.2
1,507.01,503.61,509.71,500.9
1,495.91,492.71,487.01,503.4
1,505.51,530.51,549.71,563.0
Percent changefrom preceding
periodl
Grossnation-
alprod-uct
6.6-2 .2
7.8
7.616.315.315.17.1
- 1 5-14.7
-1 .74.1
.5
8.78.33.73.8
-1 .26.72.11.8
- . 46.0
2.22.65.84.05.36.06.02.74.62.8
~3A5.75.8
- . 6-1 .2
5.45.55.02.8
- . 32.6
- 1 . 93.3
9.0
3̂ 6- 4 . 9
- 5 . 51.0
- 1 . 0- 1 . 3
2.69.77.64.5
Finalsales
- 3 . 16.3
6.214.917.516 47.5
- 1 3-17.4
102.92.5
5.67.95.54.3
- . 65.12.52.5
47
2.72.75.14.15.45.55.53.25.02.6
3̂ 05.55.2
- . 2
4.25.14.93.5
.51.8
"is
6.8- . 9
1.6- 2 . 3
- 1 . 3- . 8
- 1 . 54.5
.66.85.13.5
1 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here.
Source: Department of Commerce, Bureau of Economic Analysis.
223Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-3.—Implicit price deflators for gross national product, 1929-83
[Index numbers, 1972=100, except as noted; quarterly data seasonally adjusted]
Year orquarter
Grossnational
product1
Personal consumptionexpenditures
Total Durablegoods
Non-durablegoods
Services
Gross private domestic investmentL
Fixed investment
Total
Nonresidential
Total Structures
Pro-ducers'
dur-able
equip-ment
Residential
TotalNon-farmstruc-tures
Farmstruc-tures
19291933193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983 *1981:
IIIIllIV
1982:
ll"!!!!!!!!!!!!IllI V
1983:|
in
iv *.
32.7625.1328.4329.0631.2334.3236.1437.0137.9143.8849.5552.9852.49
53.5657.0957.9258.8259.5560.8462.7964.9366.0467.6068.7069.3370.6171.6772.7774.3676.7679.0682.5486.7991.4596.01100.00105.75115.08125.79132.34140.05150.42163.42
178.42195.14206.88215.63
189.83192.56196.94201.22
203.36206.15208.03210.00
212.83214.55216.44218.53
35.926.930.5
30.933.236740.142.444.147.852.956.055.8
56.960.662.063.263.764.465.667.869.270.6
71.972.673.774.875.977.279.481.484.688.4
92.596.5
100.0105.7116.4125.3131.7139.3149.1162.5
179.0194.1205.3213.4
189.1192.3195.9199.2
201.7203.6206.9209.0
210.1212.5214.7216.3
44.232.535.9
36740.043.746.751.355.562.167.870.370.5
72.276.376.777.275.075.677.780.981.383.883.884.385.486.287.186.886.788.291.193.3
95799.0
100.01017108.2117.3123.9129.2136.4145.0
156.2167.3174.8178.6
162.9166.1169.3171.2
172.9174.2176.1176.1
177.3177.5179.1180.4
38.426.830.5
30.933.639.143746.247.852.158.762.360.3
60.765.866.566.366.666.367.369.471.071.4
72.673.373.974.975.877.380.181.985.389.4
93.696.6
100.0108.5123.4132.5137.2143.6153.4169.9
188.1202.5209.0213.8
199.1201.4203.8205.5
206.8207.6210.2211.2
210.6213.4215.5215.5
31.626.129.2
29.530.832.434.236.137.338.841.744.446.047.449.952.655.457.258.460.162.264.166.0
67.969.070.471772.774.276.478.781.986.0
90.595.6
100.0104.7113.0121.6129.6139.3150.0162.3
211.6224.5
189.5193.1197.9202.5
206.3209.4213.4217.2
219.8223.1225.7229.1
28.322.427.728.530.733.535.737.037.241.349.053.754.9
56760.962.363.163.665.068.571.171.071.8
72.171.872.272.372.974.076.378.882.287.0
91.1957
100.0105.5116.7131.9139.2149.8163.2178.5
193.4208.4215.3216.6
202.4207.2210.0214.1
2137216.6215.32157
215.9215.5217.0217.9
28.322.928.229.131.033.935.936.836740.046.951.553.0
54.559.160.161.261762.967.371.070.972.2
72.572.072.573.173.874776.979.582.886.7
91.396.2
100.0103.8115.4132.2138.6146.3157.2170.8
186.2201.92097206.9
194.9200.5203.7208.5
208.1211.1209.6209.9
207.7206.3206.3207.5
24.319.223.0
23.424.928.432.433.833.936.644.048.848.4
49.355.156.357.456.557.662.464.963.964.2
63.763.363.664.164.966.469.272.275.881.5
88.294.5
100.0107.7128.2144.8149.0159.4176.4200.2
227.4254.2265.8264.0
242.6250.5255.9266.6
266.4267.1264.3265.4
264.026372637264.5
33.426.232.032.834.937.337.338.037.942.848.653.056.057.861.762.663.865.566.671.175.576.678.3
79.479.379.479780.180.682.184.387.289.9
93.297.2
100.0101.8109.3126.2133.9141.01497158.8
169.1179.5183.1182.9
175.1179.3181.0182.4
181.5184.4183.3183.2
181.8182.1182.7184.9
28.220.726.6
27.430.032.434.938.140.844.653.758.158.7
60.064.466.466.967.168.771.071.471.271.1
71.471.371.570.971.272.374.677.0807877
90.594.8
100.0109.1120.3131.0140.7158.0178.3200.5
218.5233.5240.2247.4
228.8231.6235.7239.2
240.8240.9240.9238.4
244.9243.9249.0251.2
27.819.826.3
27.229731.834.337.340.043.953.057.558.1
59.563.865.866.366.668.270.570.970.770.6
70.970.971.170.570.872.074.376780.587.5
90.3947
100.0109.4120.8131.6141.3159.0179.82027
221.6237.1244.0250.5
232.1234.9239.4243.3
245.0244.8244.9241.5
248.2246.8251.9254.2
28.619.523.4
23.626.630.735.740.842.946.652.857.358.0
59.463.865766.266.568.370.670.970.870.7
71.170771.270.670.972.274.276780.687.5
90.695.0
100.0109.2120.5131.91407157.0180.02027
218.1234.0245.9251.4
225.5231.4235.8239.2
240.6246.5242.4249.9
248,2249.8251.5254.9
See next page for continuation of table.
224Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-3.—Implicit price deflators for gross national product, 1929-83—Continued
[Index numbers, 1972=100, except as noted; quarterly data seasonally adjusted]
Year or quarter
192919331939
1940194119421943194419451946194719481949
195019511952....1953195419551956195719581959
1960196119621963196419651966196719681969
197019711972197319741975197619771978..1979
1980198119821983p
1981:|IIIII..IV
1982:1||IllIV
1983:1||IllIV P
Exports andimports of goods
and services'
Exports
42 226.5321
34.937.343 646.851.953.655.462.866.563.1
61.068 868.667 567.268.571.074 073.173.5
75.276.176.076 311179.481983.585 588.5
93.297.0
100 0112.7134 8149 6155 3161.9172 6192.5
212.9230.8236.0241.7
228.7229 72312233.8
236.1236.0236 3235.6
238 0240 2242 5246.0
Imports
45.523.631.0
32.835.440.041.342.744.951.862.367.864.6
68.882.679.976 777.277.178.479 676.175.2
76.175.574.275.276.811179 479.981183.2
88.693.3
100 0116.7164.6179.6185.6205.5214 1246.1
289.4293.4278.9272.3
298.5298.5289.4287.7
281.8273.62818278.5
265.4270.72781274.0
Government purchases of goods and services
Total
21.519.221.4
21.725.531.232.832.331.229.633.637.739.7
39.245.047.348 548.649.251.754 056.057.2
58.059.161.162.664.166.069172.576 581.1
87.793.9
100 0106.7116.8128.2136.6146.3157 3170.4
189.2207.9222.5235.3
201.8205.4209.3215.1
217.6221.0224 4226.8
231.3234.0236 5239.3
Federal
Total
20 519.422.7
22.727.833 034.033.131.930.235.039.041.4
39.646 648.950149.950.452.955157.759.0
59.460.262.063.565167.170 072.776 580.1
86.692.7
100 0106.3114 9126.0133 5142.81531164.8
185.2207.7222.0233.3
201.0204.2207 9217.0
218.0221.3223 8224.4
230.9232.7233 8235.8
Nationaldefense
iob'o106.61151124.9132 4141.9152 7166.0
187.5209.3227.7237.8
201.9206.42083220.0
222.7225.1228 3234.3
234.9236 7238 8240.7
Non-defense
IIII
iob!d105.6114.2128.2135.7144.6153.8162.5
180.8204.5210.0222.0
199.3199.7207.0211.2
209.1212.3213.9205.7
221.7222.6221.7222.2
Stateandlocal
21.819.120.7
20.921.722 823.724.825.828.532.436.437.8
38.942.344.145 246.547.650.252.653.855.1
56.558.060.161.663.164.968.272.476.482.0
88.694.7
100.0107.0118.0129.4138.3148.4159.7173.7
191.5208.1222.9236.6
202.2206.1210.2213.8
217.3220.9224.7228.5
231.6234.8238.3241.6
Finalsales
32 725.328.4
29.031.034 336.337.037.943.749.652.652.6
53.356 757.858959.6
" 60.562.664 966.167.5
68.669.370.571.611174.276.679.082.586.8
91.596.0
100.0105.7115.0125.7132.2139.7150.3163.3
178.6195.0207.2215.7
189.5192.7196.8201.1
203.7206.4208.2210.6
213.3214.7216.4218.4
Percentfrom prf
perk
GNPimplicitprice
deflator
0.0- 2 . 1- . 8
2.27.5995.32.42.4
15.712.96.9
- . 9
2.16.61.41.61.22.23.23.41.72.4
1.6.9
1.81.51.52.23.23.04.45.1
5.45.04.25.88.89.35.25.87.48.6
9.29.46.04.2
10.65.99.49.0
4.35.63.73.8
5.53.33.63.9
changeseeding)d2
Finalsales
implicitprice
deflator
-2 .6- . 9
1.87.2
1065.62.12.2
15.313.76.0
1.3622.01.91.21.83.33.61.92.1
1.71.01.81.51.52.13.23.14.45.2
5.45.04.15.78.89.35.25.77.58.7
9.49.26.34.1
8.76.98.88.9
5.35.53.44.7
5.22.83.23.8
1 Separate deflators are not calculated for gross private domestic investment, change in business inventories, and net exports ofgoods and services.2 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here. Quarterlychanges are at annual rates.
Source: Department of Commerce, Bureau of Economic Analysis.
225Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-4.—Fixed-weighted price indexes for gross national product, 1972 weights, 1959-83
[Index numbers, 1972—100, except as noted; quarterly data seasonally adjusted]
Year or quarterGross
nationalproduct
Personalcon-
sumptionexpendi-
tures
Gross private domesticinvestment1
Fixed investment
Total Presi-dential
Residen-tial
Exports andimports of goods
and services1
Exports Imports
Government purchases of goods and services
Total
Federal
Total Nationaldefense
Non-
Stateandlocal
Percentchange
from
grossnationalproduct
weight-ed priceindex*
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983 P
1981:
\CZZZZZIIIIV
1982:
\\ZZZZZZIIIIV
1983:IIIIlliv p.ZZZ"Z
69.8
70.871.672.473.274.1
75.377.579.883.187.3
91.896.2
100.0106.0115.9
126.4133.7142.2153.3167.8
184.2201.8214.7223.9
195.8199.5203.8208.0
210.7213.1216.2218.7
220.6222.9225.5228.0
73.1
74.174.875.576.377.2
78.280.182.085.088.7
92.796.6
100.0106.1117.1
126.3133.0141.2151.6166.3
184.8201.7213.2222.0
196.4199.9203.6207.0
209.4211.3214.7217.4
218.3220.9223.3225.8
74.4
74.774.474.274.074.3
75.277.079.382.587.3
91.295.8
100.0105.8117.9
132.3140.2151.8167.0185.4
204.1221.1231.5235.1
215.1219.1223.3227.2
229.7231.5232.8232.5
235.6235.2237.4238.6
74.1
74.574.374.474.775.3
76.177.980.383.387.0
91.696.3
100.0104.0116.5
132.9139.9148.5160.9177.2
195.9213.7225.7230.3
207.2211.9215.7219.8
222.4225.2227.2228.6
229.9230.1230.9231.6
74.9
74.974.773.972.672.6
73.575.377.581.087.8
90.694.9
100.0109.2120.5
131.2140.8158.0178.4200.8
219.5235.0242.4244.3
230.0232.9237.5241.2
243.4243.4243.3240.0
246.5244.9249.7252.0
73.4
75.076.076.076.377.1
79.481.883.385.588.5
93.197.0
100.0112.6137.4
151.8156.9164.0174.9197.2
218.4238.3244.1249.2
235.2237.6239.5241.3
243.7244.8244.2243.9
245.8247.4249.8253.6
75.0
76.075.273.774.776.3
77.178.879.380.783.0
88.493.3
100.0116.7161.5
175.1178.7195.0210.1244.5
304.4319.4309.4299.5
321.9324.3316.2315.7
315.6309.1306.7306.1
303.2298.2299.4299.0
56.9
58.359.561.362.864.4
66.269.272.476.481.3
87.994.0
100.0106.9117.9
129.2137.3147.0158.4173.2
193.8212.2226.4236.9
206.1210.1213.4219.3
222.2224.6227.5231.4
233.7235.2238.3240.6
58.5
59.660.561.763.365.3
67.169.671.575.779.8
86.792.9
100.0106.7117.0
128.0135.4145.0155.4169.5
192.7215.0230.6238.1
208.0212.4215.0224.5
227.1228.8230.8235.6
237.0236.2238.7240.3
100.0106.9117.5
127.9135.6145.5156.5171.7
196.7220.1236.7244.0
212.3217.5220.0230.6
233.2234.9236.6241.9
242.9241.8244.7246.4
100.0106.1115.6
128.3135.0143.6152.6164.0
182.6201.7215.0222.9
196.9199.4202.2208.7
211.6213.0215.8219.7
221.7221.9223.3224.6
55.8
57.458.961.062.563.9
65.668.873.176.982.3
88.794.8
100.0107.0118.4
130.0138.5148.4160.4175.7
194.5210.4223.6236.2
204.9208.5212.4215.8
218.9221.9225.3228.6
231.5234.5238.0240.9
1.51.11.21.11.2
1.72.93.04.15.0
5.24.84.06.09.4
9.15.86.37.89.5
9.89.56.44.3
10.27.98.9
5.34.75.94.7
3.44.34.74.5
1 Separate deflators are not calculated for gross private domestic investment, change in business inventories, and net exports ofgoods and services.
2 Quarterly changes are at annual rates.
Source: Department of Commerce, Bureau of Economic Analysis.
226Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-5.—Changes in gross national product, personal consumption expenditures, and related price
measures, 1929-83
[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]
Year or quarter
Gross national product
Currentdollars
Con-stant
(1972)dollars
Implicitprice
deflator
Chainpriceindex
Fixed-weight-ed price
index(1972
weights)
Personal consumption expenditures
Currentdollars
Con-stant
(1972)dollars
Implicitprice
deflator
Chainpriceindex
Fixed-weight-ed price
index(1972
weights)
19291933193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983 P
1981:IIIIllIV
1982:IIIIllIV
1983:IIIIllIV P
6.6- 4 . 2
7.0
10.025.026.721.3
9.6.9
- 1 . 211.111.3- . 510.915.55.25.4
.09.05.45.31.38.53.83.67.75.66.98.49.45.89.28.15.28.6
10.111.8
8.18.0
10.911.712.811.7
8.812.24.07.7
20.56.6
13.33.7
- 1 . 46.62.72.5
8.213.311.58.6
6.6- 2 . 2
7.8
7.616.315.315.17.1
- 1 . 5-14 .7
- 1 . 74.1
.58.78.33.73.8
- 1 . 26.72.11.8
- . 46.02.22.65.84.05.36.06.02.74.62.8
- . 23.45.75.8
- . 6
- 1 . 25.45.55.02.8
- . 32.6
- 1 . 93.3
9.0.7
3.6- 4 . 9
- 5 . 51.0
- 1 . 0- 1 . 3
2.69.77.64.5
0.0- 2 . 1
- . 82.27.59.95.32.42.4
15.712.96.9
- . 92.16.61.41.61.22.23.23.41.72.41.6
.91.81.51.52.23.23.04.45.15.45.04.25.88.89.35.25.87.48.69.29.46.04.2
10.65.99.49.0
4.35.63.73.8
5.53.33.63.9
1.61.21.41.31.41.93.13.04.35.05.34.94.16.09.19.25.76.17.68.98.99.46.54.4
9.67.69.08.2
5.65.25.95.0
3.64.34.54.6
1.51.11.21.11.21.72.93.04.15.05.24.84.06.09.49.15.86.37.89.59.89.56.44.3
10.27.98.98.4
5.34.75.94.7
3.44.34.74.5
- 5 . 74.66.0
13.89.7
12.28.8
10.520.312.5
8.01.97.87.94.85.82.77.64.95.43.27.44.53.16.05.56.97.58.15.49.58.46.98.19.6
10.29.49.9
11.011.111.811.910.711.37.38.4
14.77.5
11.43.9
7.57.27.57.8
5.215.1
6.59.9
- 2 . 05.3
4.65.9
- 1 . 02.92.86.2
11.11.62.12.35.61.32.53.81.86.52.92.11.05.42.62.14.53.85.55.65.12.95.33.72.23.75.84.2
2.25.65.04.52.7
.52.71.44.2
5.9.5
3.5- 3 . 0
2.43.1
.93.6
2.910.0
2.26.5
- 3 . 8- J1.37.4
10.89.05.84.18.3
10.75.8
- . 32.06.52.31.9
.91.01.93.32.21.91.91.01.51.61.41.82.92.44.04.54.64.33.75.7
10.17.65.15.87.09.0
10.28.45.84.0
8.37.07.77.0
5.04.06.54.1
2.24.64.23.1
1.71.11.11.41.21.52.72.53.84.54.64.33.66.1
10.47.75.36.07.39.3
10.79.05.94.2
9.97.37.87.0
5.23.96.45.1
2.34.74.24.5
Note.—Changes are based on unrounded data and may differ slightly from changes computed from data shown elsewhere in thesetables.
Source: Department of Commerce, Bureau of Economic Analysis.
227Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-6.—Gross national product by major type of product, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
Grossnationalproduct
Finalsales
Inven-tory
change
Goods
Total
Total Finalsales
Inven-tory
change
Durable goods Nondurable goods
Finalsales
Inven-tory
changeFinalsales
Inven-tory
change
Services Struc-tures
1929..1933..1939..
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970...1971....1972....1973..197419751976.1977.1978.,1979
198119821983 p.
1981:
nZIlliv
1982:
li'.'.ZZIII
IV
1983:
IIZZ"IIIIV P.
103.455.890.9
100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3
286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9
506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0
992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.32,163.92,417.8
2,631.72,954.13,073.03,309.5
2,866.62,912.53,004.93,032.2
3,021.43,070.23,090.73,109.6
3,171.53,272.03,362.23,432.0
101.757.490.5
97.8120.6156.7192.8211.6213.5203.5233.5254.8261.4
279.7320.5344.8366.3368.4394.1417.0442.6451.2482.2
503.6522.2558.8590.7632.1681.2741.9789.3865.5934.2
989.51,070.01,175.71,307.91,420.11,556.11,706.21,895.32,137.42,403.5
2,641.52,935.63,097.53,316.4
2,855.72,897.52,971.43,017.9
3,047.13,081.43,095.63,165.9
3,210.93,286.63,353.73,414.3
1.7-1 .6
2.24.51.8
- . 6-1 .0-1 .0
6.4
~47- 3 . 1
6.810.33.1
- l ! 56.04.71.3
- 1 . 55.7
3.02.36.36.05.69.9
14.110.37.99.8
3.27.7
10.218.514.1
- 6 . 911.823.026.514.3
=9.818.5
-24.5=6.9
10.915.033.614.3
=25.7-11.2-4 .9
= 56.4
= 39.4-14.5
8.517.7
56.127.049.0
56.072.593.7
120.4132.3128.9125.3139.8154.4147.7
162.4189.5194.6203.1196.1214.5223.3232.3228.2248.5
254.2257.4278.5290.3309.8338.4375.0389.4421.3450.2
459.9485.3529.6604.1646.7694.0771.1855.0958.6
1,065.6
1,140.61,291.81,280.91,362.0
1,260.81,273.91,325.21,307.5
1,281.11,290.81,286.61,264.8
1,292.21,346.81,388.91,419.9
54.428.648.6
53.868.091.9
121.0133.3129.9118.9140.3149.7150.8
155.6179.2191.5202.7197.6208.5218.6231.0229.7242.9
251.3255.0272.2284.3304.2328.5360.9379.1413.4440.4
456.6477.7519.4585.6632.5700.9759.3832.0932.1
1,051.3
1,150.41,273.41,305.41,368.9
1,249.91,258.81,291.61,293.2
1,306.81,302.01,291.51,321.2
1,331.61,361.31,380.41,402.2
1.7- 1 . 6
.4
2.24.51.8
- . 6= 1.0= 1.0
6.4
1 J- 3 . 1
6.810.3.3.1
-is6.04.71.3
= 1.55.7
3.02.36.36.05.69.9
14.110.37.99.8
3.27.7
10.218.514.1
-6 .911.823.026.514.3
=9.818.5
-24.5- 6 . 9
10.915.033.614.3
-25.7-11.2-4 .9
-56.4
-39.4-14.5
8.517.7
16.15.4
12.4
15.423.834.554.258.550.131.844.448.050.0
56.266.472.577.873.981.485.991.384.490.8
93.392.7
102.9109.4118.9131.6147.0153.5167.9178.5
179.2187.1207.4237.6250.7279.4312.5354.9402.1454.3
482.0524.3516.3549.0
520.4525.6535.7515.6
517.2516.8512.0519.0
520.9545.7555.9573.5
1.4
"'.3
1.23.11.0.0
- . 6- 1 . 3
5.31.41.0
- 1 . 8
3.66.11.21.5
- 2 . 53.42.1
.5=2.8
3.1
1.6
l ! 42.74.06.7
10.25.54.76.4
~2l87.2
13.112.0
=8.47.7
10.419.110.5
- 4 . 13.6
= 15.5-4 .2
= 1.48.1
14.0- 6 . 3
-20.8=2.5
6.4=45.0
-38.2=8.913.117.4
38.323.236.2
38.444.257.466.874.879.887.195.9
101.7100.9
99.4112.8119.0124.9123.7127.1132.7139.6145.3152.1
158.0162.4169.3174.9185.3196.9213.9225.6245.5261.9
277.5290.6312.0348.0381.8421.5446.7477.2530.1597.0
668.4749.1789.1819.9
729.6733.2755.9777.6
789.6785.2779.5802.2
810.6815.7824.5828.7
0.3- 1 . 1
.1
1.01.4.7
- . 6
~\l1.1
-1 .937
- 1 . 3
3.24.22.0
- 1 . 11.02.62.6
.81.32.5
1.32.42.83.31.63.23.94.93.13.4
3.34.83.05.32.21.54.2
12.67.33.8
-5 .714.8
=9.1=2.8
12.36.9
19.620.6
=4.9- 8 7
-11.3= 11.4
= 1.2- 5 7=4.5
35.925.934.4
35.740.850.863.072.377.068.871.677.282.2
88.5103.5113.9121.6126.2136.1146.2158.7167.7179.8
193.8207.0222.0237.1255.0273.3299.0326.5358.2391.9
429.9472.0519.0571.5636.1705.2779.3867.2972.2
1,089.7
1,225.21,374.21,511.11,637.8
1,319.21,34971,392.51,435.5
1,460.61,496.41,527.21,560.5
1,588.41,623.41,651.01,688.5
11.42.97.5
8.311.814.08.76.16.5
15721728.028.4
35.637.839.442.044.549.552.253.053.859.5
58.560.264.569.372.979.382.083.694.0
101.8
102.9120.3137.3150.8151.4150.0167.6196.1233.1262.5
265.9288.0281.0309.7
286.5288.9287.3289.2
2797283.0276.9284.3
290.9301.9322.3323.6
Source: Department of Commerce, Bureau of Economic Analysis.
228Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-7.—Gross national product by major type of product in 1972 dollars, 1929-83
[Billions of 1972 dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
Grossnationalproduct
Finalsales
Inven-tory
change
Goods
Total
Total Finalsates
Inven-tory
change
Durable goods Nondurable goods
Finalsates
Inven-tory
changeFinalsales
Inven-tory
change
Services Struc-tures
Autooutput
192919331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963..196419651966196719681969
197019711972197319741975197619771978 ,1979
1980198119821983 *
1981:IIIIllIV
1982: .tHtil[V
1983:tIIIllIV p.
315.7222.1319.8
344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2
534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7
737.2756.6800.3832.5876.4929.3984.8
1,011.41,058.11,087.6
1,085.61,122.41,185.91,254.31,246.31,231.61,298.21,369.71,438.61,479.4
1,475.01,513.81,485.41,534.8
1,510.11,512.51,525.81,506.9
1,485.81,489.31,485.71,480.7
1,490.11,525.11,553.41,570.5
311.0227.0318.2
337.9388.4456.5531.5571.4564.0466.1470.6484.3496.6
524.2565.6596.5622.1618.2649.8665.8682.2682.7714.7
733.7753.7792.4825.0869.3917.5968.0999.2
1,049.11,076.6
1,081.81,114.31,175.71,237.11,234.71,238.41,290.41,356.41,422.61,472.2
1,479.41,505.31,494.81,537.2
1,507.01,503.61,509.71,500.9
1,495.91,492.71,487.01,503.4
1,505.51,530.51,549.71,563.0
4.6- 4 . 9
1.6
6.212.05.2
- 2 . 3- 3 . 612.2- . 25.5
- 4 . 4
10.613.74.31.5
-2 .27.75.81.5
- 1 . 87.0
3.53.07.87.57.1
11.816.812.29.0
11.1
3.88.1
10.217.211.6
- 6 . 77.8
13.316.07.3
-4 .48.5
- 9 . 4-2 .4
3.08.9
16.16.0
-10.2- 3 . 4- 1 . 3
-22.7
-15.4-5 .4
3.87.5
144.397.5
154.3
171.7198.6221.4263.3287.3278.5238.3237.7244.8240.3
261.5283.7292.1306.8292.7316.7320.9321.7311.6332.5
335.8338.0361.3372.2393.8422.6456.4463.4483.1496.0
486.9497.2529.6572.3562.5547.4587.2628.1662.0677.7
668.1692.6661.6687.0
691.2692.3703.2683.7
668.1664.6661.6652.1
656.9681.8699.0710.4
139.7102.3152.7
165.5186.6216.2263.3289.6282.2226.2237.9239.4244.7
250.9270.0287.8305.3294.9309.0315.1320.2313.4325.5
332.3335.0353.5364.7386.7410.8439.6451.2474.1484.9
483.2489.1519.4555.1550.9554.2579.4614.8645.9670.4
672.5684.1671.0689.4
688.2683.4687.1677.7
678.3668.1663.0674.8
672.3687.2695.3702.9
4.6- 4 . 9
1.6
6.212.05.2
.1- 2 . 3- 3 . 612.2- . 25.5
- 4 . 4
10.613.74.31.5
-2 .27.75.81.5
- 1 . 87.0
3.53.07.87.57.1
11.816.812.29.0
11.1
3.88.1
10.217.211.6
- 6 . 77.8
13.316.07.3
- 4 . 48.5
- 9 . 4- 2 . 4
3.08.9
16.16.0
-10.2-3 .4- 1 . 3
-22.7
-15.4-5 .4
3.87.5
40.417.535.5
43.157.875.7
118.8135.9121.260.375.577.378.3
86.198.2
107.9116.2109.0117.2117.8119.4109.2113.6
115.6114.7125.7132.5143.0157.2174.0178.3187.4193.0
187.5188.7207.4236.1234.1230.2242.7264.7285.4299.1
290.4292.5276.1291.2
298:9294.8295.1281.2
280.9276.5271.6275.3
277.0291.1294.1302.4
3.5- 2 . 1
.7
3.48.23.5
.7- 1 . 8- 3 . 710.81.41.6
- 2 . 9
5.59.01.72.3
- 3 . 74.52.9
.9- 3 . 4
3.9
2.0- . 14.23.45.18.2
12.36.65.47.2
.03.07.2
12.79.4
- 6 . 45.46.9
11.86.2
- 1 . 91.6
- 6 . 5- 1 . 5
- 1 . 54.45.8
- 2 . 4
- 9 . 1- 1 . 1
3.2-18.9
-15.7- 3 . 7
5.87.7
99.384.9
117.2
122.4128.7140.5144.4153.7161.0165.8162.4162.1166.4
164.8171.8179.9189.1185.9191.9197.2200.8204.3211.9
216.6220.3227.8232.2243.7253.6265.6272.9286.7291.9
295.7300.4312.0319.0316.8324.0336.7350.1360.5371.3
382.1391.7394.9398.3
389.4388.7392.0396.5
397.4391.6391.3399.4
395.2396.1401.2400.5
1.1- 2 . 8
.9
2.83.81.7
- . 6
1.3- 1 . 6
3.8- 1 . 5
5.14.72.6
- . 81.53.22.9
.61.63.1
1.63.03.74.21.93.64.55.63.63.9
3.75.13.04.52.2
= .32.46.34.31.1
- 2 . 56.9
- 2 . 9- . 9
4.54.5
10.38.4
- 1 . 0- 2 . 3- 4 . 6- 3 . 8
.3- 1 . 7- 2 . 0
- . 2
127.4110.7135.2
139.9158.5193.9242.0263.7263.0200.8188.1192.5198.3
207.4231.3243.2247.5249.1260.1270.2282.4287.6299.4
312.5326.9341.5356.2374.0390.7412.6434.1453.0469.2
482.4497.8519.0542.8562.8575.9595.0617.3644.7670.7
687.7702.7712.2725.2
696.9700.0705.4708.5
707.1712.8713.9715.0
717.8723.0727.0732.9
43.914.030.3
32.543.346.326.218.118.839.144.652.453.6
65.964.365.569.374.380.780.579.781.789.8
89.091.797.4
104.1108.6116.0115.9113.9122.0122.5
116.3127.3137.3139.1121.0108.3116.0124.4131.9131.0
119.1118.5111.6122.6
121.9120.3117.2114.7
110.6111.9110.2113.6
115.4120.3127.3127.1
12.313.918.0
23.019.317.122.621.629.823.024.518.623.2
25.321.226.028.729.435.734.831.838.537.4
29.838.941.646.437.135.745.350.750.347.0
39.442.638.549.9
44.045.943.437.2
33.140.542.038.3
44.946.053.155.6
Source: Department of Commerce, Bureau of Economic Analysis.
229Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-8.—Gross national product by sector, 1929-83
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or quarterGross
nationalproduct
Gross domestic product
Total
Business1
Total * Nonfarm l Farm
Statis-tical
discrep-ancy
House-holdsand
insti-tutions
Government2
Total FederalStateandlocal
192919331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983 '
1981:IIIIllIV
1982:IIIIllIV
1983:IIIIllIV *
103.455.890.9
100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3
286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9
506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0
992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.32,163.92,417.8
2,631.72,954.13,073.03,309.5
2,866.62,912.53,004.93,032.2
3,021.43,070.23,090.73,109.6
3,171.53,272.03,362.23,432.0
102.655.590.5
99.6124.5157.9191.6210.1212.0209.0231.8257.9256.9
284.8328.7345.7364.6364.5397.3418.5440.5446,6484.6
502.9520.7560.5591.8632.3685.2750.3793.7866.7937.1
985.41,068.51,175.01,310.41,414.41,531.91,697.51,894.92,134.32,375.2
2,586.42,904.53,025.73,263.4
2,819.02,865.92,955.22,977.9
2,974.53,020.63,044.23,063.5
3,127.23,227.93,314.13,384.0
95.449.180.6
112.6139.9162.8174.2172.8183.8210.0234.9231.5
257.5294.4307.3324.9323.9354.0372.1390.8393.1428.3
442.0455.7490.6517.2551.6598.4652.6685.1745.4803.2
837.3907.1998.6
1,118.71,206.41,301.71,447.31,624.01,837.22,052.1
2,228.12,509.02,594.62,802.0
2,434.82,475.52,558.42,567.2
2,555.22,593.82,610.12,619.1
2,675.52,769.82,849.82,912.7
84.743.872.9
81.8103.1127.7149.3156.2152.7164.4188.2213.1212.2
236.3268.3283.4302.3302.3333.9355.7373.7372.2410.6
424.2435.7468.1495.0532.2577.7628.4663.3725.0782.1
813.1875.4963.4
1,068.01,155.01,247.31,396.31,574.21,781.01,982.1
2,158.22,432.82,520.02,730.9
2,354.42,399.82,483.92,493.1
2,482.42,521.82,536.62,539.1
2,601.82,700.52,779.02,842.4
9.74.66.3
6.48.9
13.015.315.316.018.820.223.318.8
20.022.922.220.319.718.818.618.420.719.0
20.220.220.420.519.321.922.822.122.625.1
25.827.631.949.947.748.945.948.458.771.6
67.781.174.171.0
75.479.886.682.5
79.570.370.975.8
74.972.768.367.9
1.1.7
1.4
1.1.6
- . 8- 1 . 8
2.74.1
l!5- 1 . 6
.6
1.33.21.72.32.01.3
- 2 . 1-1 .2
.2- 1 . 3
- 2 . 4
~U1.7
-121.4
-1.1- 3 . 9
- 1 . 54.13.3
.83.75.55.11.4
-2 .6- 1 . 5
2.3- 4 . 9
.5
5.1- 4 . 2
-12.0- 8 . 5
-6 .71.72.54.2
-1 .2- 3 . 5
2.52.5
2.91.72.3
2.42.52.93.23.74.14.55.15.65.9
6.46.97.27.88.19.19.8
10.511.412.3
13.814.415.516.617.819.221.123.426.129.4
32.335.438.642.145.850.655.660.567.875.6
85.396.2
107.0114.9
92.794.997.2
100.2
103.3105.6108.5110.8
112.2114.1115.6117.7
4.34.77.6
7.89.4
15.125.632.235.220.816.717.419.4
20.927.431.231.932.534.236.639.142.144.0
47.150.554.358.062.967.676.585.195.2
104.5
115.8126.0137.8149.6162.2179.6194.6210.3229.3247.4
273.0299.3324.1346.5
291.5295.5299.6310.5
316.0321.2325.7333.7
339.5344.1348.8353.6
0.91.23.4
3.55.0
10.620.927.229.814.69.48.9
10.0
10.716.218.918.617.818.419.019.620.520.9
21.722.624.125.227.028.332.435.639.341.9
44.846.850.151.954.959.062.466.371.775.7
82.992.8
101.1106.1
90.290.891.598.5
99.5100.1100.7104.2
105.6106.0106.2106.6
3.53.54.2
4.34.44.54.74.95.46.27.38.59.4
10.111.212.313.314.715.817.619.621.623.1
25.527.930.232.935.939.344.149.555.962.6
71.179.387.797.7
107.3120.6132.3144.0157.6171.8
190.0206.5223.0240.4
201.32047208.1212.0
216.5221.1225.0229.5
233.8238.1242.6246.9
1 Includes compensation of employees in government enterprises.2 Compensation of government employees.3 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here.
Source: Department of Commerce, Bureau of Economic Analysis.
230Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-9.—Gross national product by sector in 1972 dollars, 1929-83
[Billions of 1972 dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or quarterGross
nationalproduct
315.7222.1319.8
344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2
534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7
737.2756.6800.3832.5876.4929.3984.8
1,011.41,058.11,087.6
1,085.61,122.41,185.91,254.31,246.31,231.61,298.21,369.71,438.61,479.4
1,475.01,513.81,485.41,534.8
1,510.11,512.51,525.81,506.9
1,485.81,489.31,485.71,480.7
1,490.11,525.11,553.41,570.5
Total
313.2220.9318.2
342.8398.7460.1530.3567.7559.3476.4467.8486.8489.4
531.8575.6596.9619.8612.1653.0666.5678.3676.2716.8
732.0751.0793.8825.6868.9921.4977.5
1,003.91,050.01,079.7
1,077.61,112.81,175.01,239.21,229.01,217.81,282.61,352.81,418.71,453.2
1,449.31,488.21,462.31,513.3
1,484.81,488.01,500.31,479.6
1,462.51,465.01,463.11,458.6
1,469.21,504.41,531.11,548.5
<iross domestic product
Business *
Total*
271.5180.0261.0
282.7327.6361.8385.6403.6397.9385.5393.8412.0409.8
448.7478.0492.8515.6508.5547.0557.4566.1561.7600.0
610.1625.1663.2691.6730.3777.7824.0842.0882.1907.1
904.8938.6998.6
1,060.71,047.41,032.41,095.41,163.71,224.31,255.6
1,248.21,285.81,259.61,309.8
1,282.31,285.71,298.11,277.2
1,259.91,262.11,260.41,255.9
1,266.11,301.21,327.51,344.4
Nonfarm1
244.7152.5231.3
254.6299.8335.3362.1370.1362.8358.6367.0389.0383.4
419.4447.2463.7484.3477.0516.0531.5539.5532.0574.0
584.2596.3631.5659.7701.3749.6794.1812.8855.6881.9
875.4901.7963.4
1,028.41,0124
994.51,059.51,129.51,193,51,222.4
1,211.91,247.71,220.41,273.2
1,243.91,247.71,261.21,237.9
1,220.81,224.01,223.41,213.2
1,227.51,265.11,290.91,309.3
Farm
23.624.925.2
24.526.228.627.727.125.625.824.025.825.6
27.025.826.427.728.429.328.928.229.327.8
29.228.928.829.628.829.828.229.529.029.5
31.132.631.931.631.833.632.133.132.634.2
35.040.639.036.6
35.840.143.143.5
42.437.335.740.6
39.237.735.533.9
Statistspalcat
discrep-ancy
3.12.64.6
3.61.6
- 2 . 1- 4 . 2
6.49.41.12.9
- 2 . 8.8
2.45.02.63.63.11.8
- 3 . 0- 1 . 7
.3- 1 . 9
- 3 . 3- .22.92.3.2
- 1 . 61.7
- . 3- 2 . 5- 4 . 4
- 1 . 74.23.3.7
3.24.43.81.0
- 1 . 8- 1 . 0
1.3- 2 . 5
.2
.0
2.7- 2 . 2- 6 . 1- 4 . 2
- 3 . 3.8
1.22.0
- .6- 1 . 6
1.11.1
House-holdsandinsti-
tutions
15.612.215.1
16.115.916.415.215.115.015.116.016.717.3
18.318.718.619.319.421.422.523.124.224.7
26.627.028.128.929.830.932.634.335.437.0
36.737.638.639.439.340.540.941.543.344.6
45.546.446.747.5
46.446.446.346.6
46.646.646.846.9
47.147.347.648.0
Government2
Total
26.228.842.1
44.055.281.9
129.4149.1146.475.958.058.162.3
64.779.085.585.084.184.686.789.190.392.2
95.398.9
102.5105.2108.8112.7120.8127.7132.4135.7
136.1136.7137.8139.1142.3144.9146.3147.7151.2153.0
155.6156.0156.1156.0
156.1156.0155.9155.9
156.1156.3156.0155.8
155.9156.0156.0156.1
Federal
5.26.6
16.9
18.629.656.7
105.0125.2121.849.729.829.231.3
32.746.251.649.647.245.945.645.844.544.5
45.246.248.348.248.548.753.057.258.058.2
55.252.550.148.248.548.448.548.649.349.0
49.650.050.550.8
49.849.950.150.1
50.250.350.550.7
50.850.850.850.8
Stateandlocal
21.022.125.2
25.425.625.224.523.924.626.228.229.031.0
32.032.833.935.436.938.641.043.345.847.7
50.152.754.357.060.464.067.970.574.477.4
80.984.287.790.893.896.597.899.1
101.9104.1
106.0106.0105.6105.2
106.3106.1105.7105.8
105.9106.0105.4105.1
105.1105.1105.2105.2
Restof theworld
1929193319391940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983 *>
1981:IIIIllIV
1982:IIIIllIV
1983:IIIIllIV
1 Includes compensation of employees in government enterprises.2 Compensation of government employees.3 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here.Source: Department of Commerce, Bureau of Economic Analysis.
231Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-10.—Gross national product by industry, 1947-82
[Billions of dollars]
Year
194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
198019811982
Grossnation-atprod-uct
233.1259.5258.3
286.5330.8348.0366.8366.8
400.0421.7444.0449.7487.9
506.5524.6565.0596.7637.7
691.1756.0799.6873.4944.0
992.71,077.61,185.91,326.41,434.2
1,549.21,718.01,918.32,163.92,417.8
2,631.72,954.13,073.0
Gross domestic product
Agricul-ture,forestry,
andfisheries
20.824.019.5
20.823.823.121.320.7
19.919.719.521.920.2
21.421.521.922.021.0
23.824.824.225.027.8
28.630.835.453.852.2
53.351.254.666.079.6
76.890.684.3
Mining
6.89.48.1
9.310.210.110.610.9
12.413.413.512.412.3
12.612.712.813.113.4
13.514.214.615.316.1
17.617.419.021.732.2
38.843.047.452.066.8
96.0126.5116.1
Pnncon-
struction
9.111.511.5
13.015.416.617.117.2
18.520.621.421.022.8
23.224.025.727.429.8
32.835.937.541.346.3
48.953.659.466.369.2
69.976.686.6
102.1115.7
119.8124.6122.4
Manufacturing
Total
66.274.772.1
83.798.7
103.0112.1106.4
120.9126.8131.4123.8141.3
143.8144.4157.9167.4179.4
197.7216.6222.3242.8256.7
252.2265.6292.5326.1340.7
358.2410.4464.8518.7563.2
581.5644.4630.9
Dura-ble
goods
33.538.137.1
45.855.458.965.960.8
70.673.777.769.781.2
82.181.391.597.6
105.3
118.0130.4133.6146.0154.5
146.2153.9173.2195.9201.3
207.6240.0277.7316.7344.3
350.4389.8367.8
Non-durablegoods
32.736.535.0
37.943.344.146.245.6
50.353.253.754.160.0
61.763.166.469.874.2
79.786.388.796.8
102.2
105.9111.7119.3130.2139.4
150.6170.4187.1202.0218.9
231.1254.6263.1
Trancirans-portationand
publicutilities
20.523.123.4
25.729.231.032.932.6
35.638.340.240.443.7
45.847.450.253.056.3
60.565.368.674.080.0
85.793.8
104.3114.3122.9
135.7152.6170.9193.3209.6
231.9262.4279.7
Ufhnlownoie-sale
andretailtrade
44.248.448.0
51.356.458.559.860.8
66.270.473.975.281.9
84.286.392.196.1
104.7
112.6121.5130.1144.4157.0
166.5181.4199.5221.5241.5
266.2291.4322.3362.3401.4
428.8474.2490.2
Fi-nance,insur-ance,andreal
estate
23.226.228.6
31.935.238.742.846.5
50.053.557.662.467.3
71.675.480.685.391.0
98.0105.9114.2123.8133.6
142.4156.4169.8184.9202.0
216.2238.6275.5317.4358.3
398.7461.6507.1
Services
20.221.922.6
24.025.927.529.430.5
34.037.340.242.346.3
49.252.356.160.065.3
70.878.486.194.2
105.3
114.4123.6136.5153.1167.5
186.2208.2234.3265.9302.4
342.6387.6431.1
Govern-mentmeniand
govern-mententer-prises
19.320.222.5
23.830.835.336.436.9
38.540.744.047.150.0
53.456.761.165.971.2
76.786.496.3
108.1118.2
130.514L8155.4167.8182.7
202.0220.4237.2259.1279.6
308.1337.5363.4
QtatictidlallSII-
nn\Cdl
discrep-ancy
1.5- 1 . 6
.6
1.33.21.72.32.0
1.3-2 .1- 1 . 2
.2- 1 . 3
- 2 . 4— 12X1.7.1
- 1 . 21.4
— 3-i\- 3 . 9
- 1 . 54.13.3.8
3.7
5.55.11.4
- 2 . 6- 1 . 5
2.3- 4 . 9
.5
Baefnesiof the
world
1.21.61,4
1.62.12.32.22.3
2.83.23.53.03.3
3.63.94.64.95.5
5.95.65.96.76.9
7.39.2
10.916.019.8
17.320.523.529.642.6
45.349.647.3
Note.—The industry classification is on an establishment basis and is based on the 1972 Standard Industrial Classification.Source: Department of Commerce, Bureau of Economic Analysis.
232Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-ll.—Gross national product by industry in 1972 dollars, 1947-82
[Billions of 1972 dollars]
Year
194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
198019811982
Grossnationalproduct
470.3489.8492.2
534.8579.4600.8623.6616.1
657.5671.6683.8680.9721.7
737.2756.6800 3832.5876.4
929.3984.8
101141,058.11,087.6
1,085.61,122.41,185.91,254.31,246.3
1,231.61,298.21,369.71,438.61,479.4
1,475.01,513.81,485.4
Gross domestic product
Agri-culture,forest-ry, andfisher-
ies
26.328.228.0
29.328 429.230.5313
32.131.731132.230.6
32131.831732.531.8
32.831.332 632132.7
34.435 935.435 335.8
37.135.836.937.038.9
39.945.644.2
Min-ing
10.811.39.9
11.112111.912.211.8
13.213.913 812.713.3
13 513.613 914.515.1
15.716.517 017 618.2
18.918 419.019 219.2
18.919.119.520.120.8
21.622.521.6
Con-struc-tion
22.926.526.5
29.332.533.834.836.0
38.240.940.942.145.5
46146.748449.952.2
54.454.653 456.955.8
53.457 959.460153.3
48.352.855.058.858.2
52.250.547.7
Manufacturing
Total
114.9121.4115.1
131.1146.0150.8161.1149.6
165.7166.9167.7153.3171.2
1718172.0186 7202.2216.7
236.7254.9254 3268.2277.2
261.2266.8292.53253311.7
289.6317.4339.2357.2367.0
351.0361.1336.1
Dura-ble
goods
68.572.066.3
78.189.994.3
102.691.7
103.4102.5102.988.8
100.9
101.099.5
110.0119.5129.8
144.6157.3157.4165.5170.3
155.2156.4173.2194 2186.3
168.8187.2202.9217.4223.4
210.2217.2197.4
Non-durablegoods
46.449.448.8
53.056.156.558.557.9
62.364.464.864.570.3
70 872.576 782.886.8
92.097.696 9
102.7106.8
106.01104119.31311125.3
120.8130.1136.3139.8143.6
140.8144.0138.7
Trans-por-
tationand
publicutil-ities
42.342.139.2
41.245,545.546.645.8
49.752.153.251.955.4
57 558.661565.068.1
73.479.481688.292.6
94.997.9
104.3110 6111.9
113.5118.6125.1134.2140.0
139.6142.9138.9
Whole-saleand
retailtrade
75.978.079.8
87.588.391.093.994.5
103.1106.2107.9107.8115.4
117.5118.7126.3131.1139.1
148.2156.3160.1169.9173.6
176.4185.5199.5211.1207.0
209.7220.2231.0244.6250.7
246.0251.8248.0
Fi-nance,insur-ance,andreal
estate
54.756.659.8
63.966.770.973.977.3
81.885.889 893.498.5
102 7107.3113 3116.8122.1
128.5133.9139 4145.7152.9
155.8162.6169.8177.2184.5
187.9194.8207.2217.8229.4
235.6245.4251.0
Serv-ices
55.957.557.6
59.760.861.662.762.9
67.670.974.176.280.8
83 586.690 394.098.8
103.1109.0115.0118.8124.0
126.7128.4136.5144.8147.9
148.5154.7164.3174.2183.0
189.1198.7203.5
Govern-mentand
govern-mententer-prises
68.769.273.3
75.690.096.996.395.2
95.797.8
100.4101.7104.0
107.7111.6115.5118.7123.1
127.8136.9144.1148.9152.5
152.9153.9155.4157.2161.2
164.3165.7167.5171.7174.3
177.5177.9177.6
Sta-tis-ticaldis-
crep-ancy
2.9- 2 . 8
.8
2.45.02.63.63.1
1.8-3 .0-1 .7
.3-1 .9
-3 .3
2.92.3
.2
-1 .61.7
- . 3- 2 . 5-4 .4
- 1 . 74.23.3
3.2
4.43.81.0
- 1 . 8- 1 . 0
1.3-2 .5
.2
Resid-ual1
-7 .4-1 .2
- . 6
.8
.22.64.14.6
4.23.4
94.54.0
314.432
-1 .51.7
2.33.06.76.24.6
4.71.2.0
- 2 . 5- 6 . 5
-4 .2- . 26.04.9
- 8 . 1
-4 .6- 5 . 8
65
Restof theworld
2.53.02.7
3.03.73.93.740
4.55.15.54.64.9
525.7656.97.5
7.9747S8?7.9
8.0
10.915117.3
13.815.616.919.926.3
25.725.623.1
1 Equals GNP in constant dollars measured as the sum of incomes less GNP in constant dollars measured as the sum of gross productby industry.
Note.—The industry classification is on an establishment basis and is based on the 1972 Standard Industrial Classification.Source: Department of Commerce, Bureau of Economic Analysis.
233Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T A B L E B-12.—Gross domestic product of nonfinancial corporate business, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
192919331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
19601961....19621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983 »
1981:
IllIV
1982:IIIIllIV
1983:
\\ZZ1IIIIV »
Grossdomes-
ticproduct
ofnon-
financialcorpo-
ratebusiness
50.124.443.7
50.465.682.998.7
102.195.399.3
120.0137.3133.5
151.9174.5182.3195.0191.9216.7231.6242.3236.3266.0
277.0285.0311.3331.8358.4393.6431.5454.1500.2544.1
563.7609.9678.0759.4818.9890.0
1,001.31,128.41,276.21,416.8
1,540.71,739.91,776.71,918.4
1,683.31,718.81,778.61,778.9
1764 91,780.21,786.81,775.0
1,817.61,892.41,957.8
Capitalconsump-
tionallow-anceswith
capitalconsump-
tionadjust-ment
5.54.34.84.95.46.16.26.36.57.69.3
10.911.7
12.614.615.816.817.919.121.823.824.825.8
26.827.528.429.430.832.735.638.942.647.1
52.257.362.667.979.594.9
104.8115.7130.9149.6
170.0192.2210.0218.2
183.0189.1195 3201.3
204 02084212.3215.1
215.3216.7219.6221.2
Total
44.520.239.0
45.460.276.892.495.888.891.8
110.7126.4121.8
139.3159.9166.6178.2174.0197.6209.8218.5211.6240.2
250.2257.5283.0302.3327.6360.9395.9415.2457.6497.0
511.4552.6615.5691.6739.4795.1896.5
1,012.71,145.31,267.3
1,370.71,547.71,566.81,700.2
1,500.21,529.71583 31^5777
1560 81,571.81,574.51,559.8
1,602.31,675.71,738.2
Indi-rectbusi-nesstax,
cTC.
3.43.85.15.56.46.87.38.18.9
10.111.212.112.6
14.115.216.818.217.419.220.822.422.825.4
28.330.133.035.638.441.142.945.851.558.0
63.470.576.783.789.797.1
105.3112.6122.0130.5
147.6176.5179.0196.9
172.1176.2178 6179*0
176 2177.7179.6182.4
186.4197.6201.1202.7
Met domestic product
Domestic income
Total
41.216.333.9
40.053.870.085.287.779.981.699.6
114.3109.2
125.2144.7149.7160.0156.6178.4189.0196.1188.8214.8
221.9227.3249.9266.8289.3319.8353.0369.5406.1439.1
448.1482.1538.7607.9649.7697.9791.2900.1
1,023.31,136,7
1,223.01,371.21,387.81,503.2
1,328.11,353.51404 61*3987
1 384 6U94.11,394.91,377.4
1,415.91,478.11,537.1
Compen-sation
ofemploy-
ees
32.316.728.2
31.239.851.062.265.161.967.279.187.885.3
94.7110.2118.3128.7126.5138.5151.4159.1155.9171.6
181.1185.1199.8210.7226.3246.1273.5291.9322.8358.5
378.4402.0447.0506.2556.5581.1654.4738.5844.3958.1
1,046.51,155.81,198.61,269.3
1,123.71,146.41173 2l] l79J
1187 71,199.71,205.61,201.2
1,222.41,253.91,283.71,317.4
Corporate profits with inventory vatuatior
TrttatlOldl
7.5- 2 . 1
4.27.4
12.717.721.821.617.113.819.725.622.9
29.633.430.230.028.638.335.934.930.240.1
37.438.345.651.257.767.772.268.873.367.5
52.762.172.778.663.686.1
107.3129.5142.1134.7
120.3150.2124.0174.5
148.1145.1158.8149^0
127 7126.5127.5114.3
133.9165.7194.5
Prnfitcrroiiisbefore
tax
8.4.6
6.18.8
16.420.123.622.217.822.029.131.824.9
38.539.133.834.932.142.041.839.833.743.1
39.739.544.248.955.465.270.366.372.969.4
56.865.476.696.0
105.3107.3135.0156.5178.4191.8
177.8183.0131.5151.9
195.3177.218711722
137 0136̂ 6134.4117.9
119.7149.0173.8
consumption adjustments
Prof-itstax
liabili-ty
1.2.5
1.42.77.5
11.213.812.610.28.6
10.811.89.3
16.921.217.818.515.620.220.119.116.220.7
19.219.520.622.824.027.229.527.733.433.1
27.029.833.640.042.041.252.659.666.969.2
67.065.541.255.1
71.763.067 5599
45 74X642.033.6
41.855.063.9
Profit >
Profits after tax
Total
7.3.1
4.76.19.08.99.89.67.6
13.418.320.015.6
21.617.916.016.416.421.821.820.717.522.4
20.520.123.526.231.438.040.838.639.536.2
29.835.643.056.063.366.182.396.8
111.5122.5
110.8117.590.396.7
123.6114.2119.61124
91493.092.484.4
77.994.0
109.8
Divi-Honrleoenas
5.12.03.33.53.93.73.94.14.14.85.56.06.07.57.17.17.37.48.59.09.39.3
10.0
10.610.611.412.613.715.616.817.519.119.1
18.518.520.121.121.425.730.131.937.739.8
43.753.557.264.9
50.252.255 256^3
55 255.758.559.2
63.365.665.165.7
Undis-tributedprofits
2.2= 1.9
1.42.65.05.25.85.63.58.6
12.814.09.6
14.110.88.89.19.0
13.412.7U.48.2
12.4
9.99.5
12.213.517.722.424.021.220.417.1
11.317.122.935.041.940.452.264.973.882.8
67.164.033.131.8
73.462.064 556*1
36 237^333.925.1
14.528.444.8
and capital
Inven-tory
valua-tion
adjust-ment
0.5- 2 . 1- .7- .2
- 2 . 5-1 .2- .8- .3- .6
- 5 . 3-5 . 9-2 .2
1.9- 5 . 0-1 .2
1.0- 1 . 0- .3
- 1 . 7- 2 . 7- 1 . 5
— 3-3-2
.3
.0
.1- .5
- 1 . 2- 2 . 1- 1 . 6- 3 . 7- 5 . 9
- 6 . 6- 4 . 6-6 .6
-20.0-40.0= 11.6-14.7-16.2-24.0-43 .1
-42.9-23.6- 8 . 4- 9 . 8
-36.7-22.6— 19 4- 1 5 J
— 55-8!5-9 .0
-10.3
-1 .7-10.6-18.3-8 .5
Capitalconsump-
tioniion
adjust-ment
- 1 . 4=-.6
- 1 . 1
- 1 . 2- 1 . 3-1 .2- .9-.3- .2
- 3 . 0- 3 . 5- 4 . 0- 3 . 9
- 3 . 9-4 .6- 4 . 5-3 . 9-3 .2- 2 . 0- 3 . 2-3 .4-3 .2- 2 . 7
- 2 . 1- 1 . 5
1.42.32.93.73.94.0
- 4.04.02.41.32.72.6
- 1 . 8- 9 . 7
-13.0-10.8-12.3-13.9
- 1 4 . 7- 9 . 1
.832.5
-10 .5-9 .6- 8 8
76
—38- 1 . 6
2.16.7
15.927.339.047.7
Netinter-est
1.41.71.51.41.31.31.11.01.0.7.8.9
1.0.9
1.11.21.31.51.61.72.22.73.13.53.94.54.85.36.17.48.7
10.113.1
17.018.019.123.029.630.829.532.136.943.9
56.365.265.259.3
56.362.172 670*C
69 26L961.861.9
59.758.658.960.2
1 Indirect business tax and nontax liability plus business transfer payments less subsidies.Source: Department of Commerce, Bureau of Economic Analysis.
234Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-13.—Output, costs, and profits of nonfinancial corporate business, 1948-83
[Quarterly data at seasonally adjusted annual rates]
Year orquarter
Gross domesticproduct of
nonfinancialcorporate
business (billionsof dollars)
Currentdollars
1972dollars
Current-dollar cost and profit per unit of output (dollars)1
Totalcostand
profi t2
Capitalconsump-
tionallow-anceswith
capitalconsump-
tionadjust-ment
Indi-rectbusi-nesstax,
etc.*
Compen-sation
ofemploy-
ees
Corporate profits withinventory valuation and
capital consumptionadjustments
TotalProfits
taxliability
Profitsaftertax4
Netinterest
Outputper hour
of allemploy-
ees(1972dollars)
Compen-sation
per hourof all
employ-ees
(dollars)
1948
1949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983 "...
1981:
I
IV
1982:
IIIIllIV
1983:
137.3133.5
151.9174.5182.3195.0191.9
216.7231.6242.3236.3266.0
277.0285.0311.3331.8358.4
393.6431.5454.1500.2544.1
563.7609.9678.0759.4818.9
890.01,001.31,128.41,276.21,416.8
1,540.71,739.91,776.71,918.4
1,683.31,718.81,778.61,778.9
1,764.91,780.21,786.81,775.0
1,817.61,892.41,957.8
229.7219.9
247.5270.2275.2292.0283.4
315.1324.1328.3313.4347.4
358.4367.2399.7426.3455.6
495.2530.7543.0578.9604.0
599.6626.8678.0731.9708.2
694.2745.5795.8846.3876.1
859.5887.5857.7893.9
883.7888.7898.6878.9
864.3860.5859.5846.4
856.0885.8909.4
0.598.607
.614
.646
.663
.668
.677
.688
.715
.738
.754
.766
.773
.776
.779
.778
.787
.795
.813
.836
.864
.901
.940
.9731.0001.0381.156
1.2821.3431.4181.5081.617
1.7931.9602.0722.146
1.9051.9341.9792.024
2.0422.0692.0792.097
2.1232.1362.153
0.047.053
.051
.054
.057
.058
.063
.061
.067
.073
.079
.074
.075
.075
.071
.069
.068
.066
.067
.072
.074
.078
.087
.091
.092
.093
.112
.137
.141
.145
.155
.171
.198
.217
.245
.244
.207
.213
.217
.229
.236
.242
.247
.254
.252
.245
.241
0.053.057
.057
.056
.061
.062
.061
.061
.064
.068
.073
.073
.079
.082
.083
.083
.084
.083
.081
.084
.089
.096
.106
.113
.113
.114
.127
.140
.141
.141
.144
.149
.172
.199
.209
.220
.195
.198
.199
.204
.204
.207
.209
.215
.218
.223
.221
0.382.388
.383
.408
.430
.441
.446
.439
.467
.484
.497
.494
.505
.504
.500
.494
.497
.497
.515
.538
.558
.594
.631
.641
.659
.692
.786
.837
.878
.928
.9981.094
1.2181.3021.3971.420
1.2721.2901.3061.342
1.3741.3941.4031.419
1.4281.4161.412
0.112.104
.120
.124
.110
.103
.101
.122
.111
.106
.097
.116
.104
.104
.114
.120
.127
.137
.136
.127
.127
.112
.088
.099
.107
.107
.090
.124
.144
.163
.168
.154
.140
.169
.145
.195
.168
.163
.177169
.148
.147
.148
.135
.156
.187
.214
0.051.042
.068
.079
.065
.063
.055
.064
.062
.058
.052
.060
.054
.053
.052
.053
.053
.055
.056
.051
.058
.055
.045
.047
.049
.055
.059
.059
.071
.075
.079
.079
.078
.074
.048
.062
.081
.071
.075
.068
.053
.051
.049
.040
.049
.062
.070
0.060.062
.051
.045
.045
.040
.046
.057
.049
.048
.045
.056
.051
.051
.062
.067
.074
.082
.080
.076
.069
.057
.043
.052
.058
.053
.030
.065
.073
.088
.089
.075
.062
.095
.097
.134
.086
.092
.102
.101
.095
.096
.099
.095
.108
.125
.144
0.004.004
.004
.004
.004
.004
.005
.005
.005
.007
.009
.009
.010
.011
.011
.011
.012
.012
.014
.016
.017
.022
.028
.029
.028
.031
.042
.044
.040
.040
.044
.050
.065
.074
.076
.066
.064
.070
.081
.079
.072
.073
.070
.066
.065
5.2065.433
5.5365.7275.9976.2486.469
6.6736.7766.8477.0747.092
7.1157.4507.6647.8497.555
7.7748.0028.1448.2168.201
8.1268.3328.373
2.5892.684
2.7972.8872.9983.0893.213
3.3163.4923.6803.9454.209
4.4914.7785.0525.4295.937
6.5077.0247.5588.1988.969
9.89410.85011.700
8.2908.3198.3928.323
8.3428.3308.4098.421
8.4928.6278.716
10.54110.73010.95711.171
11.46311.61411.79511.952
12.12612.21312.304
1 Output is measured by gross domestic product of nonfinancial corporate business in 1972 dollars.2 This is equal to the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted two
places to the left.3 Indirect business tax and nontax liability plus business transfer payments less subsidies.4 With inventory valuation and capital consumption adjustments.
Sources: Department of Commerce (Bureau of Economic Analysis) and Department of Labor (Bureau of Labor Statistics).
235Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-14.—Personal consumption expenditures, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
192919331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
I960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983"
1981:
IIIIIIV
1982:III . . . .IllIV
1983:
||tilIV P
Personalconsump-
tionexpendi-
tures
77.345.867.0
71.080.888.699 4
108.2119.5143.8161.7174.71781
192 0207.12171229.7235 8253.7266 0280.4289 5310 8
324 9335 0355 2374 6400 543044651490 3536.9581.8
6217672.27371812.0888.19764
1,084.31204 41346 51,507.2
166811857 2199192,158.6
1,802.81835 8188611,904.1
1938 91972 82 008 82,046.9
2 073 02147 0218112,233.1
Durablegoods
9.23.56.7
7.89.76.96.56.78.0
15.820.422.925 0
30.829.829.132.531.838.637 939.336 842.4
43.141646.751456.463 068.070180.585.7
85 297.2
1111123.3121.5132 2156.8178 2200 2213.4
214 7236.1244 5278.6
236.9233 4243 5230.8
239 4242 9243 4252.1
258.5277 7282 8295.2
Nondura-ble goods
37.722.335.1
37.042.950.858.664.371.982.790.996.694 9
98 2108.8113.9116.5118 0122.9128 9135.2139 8146.4
1511155 316161671176 91886204 7212 6230.6247.8
265 7278 8300 6333.4373.4407 3441.7478 8528 2600.0
668 8733 97610804.3
716.3730 67411747.7
749 7754 7766 6773.0
7771799 6814 8825.9
Services
30.320.125.2
26.228.231.034.337.139.645.350.455.358.2
63.068.574.080.686.192.199.2
105.9112.8121.9
130.71381147.01561167.1178 7192.4207 6225.8248.2
270 8296.23253355.2393.2437 0485.7547.4618 0693.7
784 5887.1986 4
1,075.7
849.6871.89015925.6
949.7975 29989
1,021.8
1,037.41069 71 083.51,112.0
Durable good;
Motorvehicles
and parts
3.31.12.3
2.83.5
.8
.81.04.16.68.0
10.6
13.712.211.313.913.017.815.817.214.818.9
19.717 821.524 426.130 030.430136.338.7
36 245.452.457.150.455 872.684.895 796.6
90 7101.6109 9132.8
103.998.5
107 796.5
106.4107 6109 4116.1
118.4133 9135 6143.2
Furnitureand
householdequip-ment
4.71.93.4
3.84.84.63.93.84.58.4
10.611.511.3
13.714.014.014.614.616.217.116.916.617.8
17.717.918.920.322.824.711129.532.334.1
35.237.241.747.150.653.559.165.772.881.8
86.393.393.5
101.8
92.793.393.893.4
91.793.993.594.9
97.3100.8102.9106.4
Other
1.2.5
1.0
1.11.31.61.92.12.53.23.33.43.2
3.33.63.94.14.24.65.05.25.45.8
5.85.86.36.77.68.39.9
10.511.813.0
13.914.616.919.220.522.925.211131.735.1
37.741.241.144.0
40.341.542.040,9
41.341.440.541.0
42.943.144.345.7
Nondurable goods
Food
19.511.519.1
20.223.428.433.236.740.647.452.354.252.5
53.960.463.464.465.467.269.973.676.479.1
81.183.285.587.892.798.9
106.6109.6118.7127.5
138.9144.2154.9172.1193.7213.6230.6249.8275.9311.6
345.1375.9396.9422.5
367.7373.7378.9383.2
388.1394.7400.4404.5
411.7419.6426.4432.4
Clothingand
shoes
9.44.67.1
7.58.8
11.013.414.616.518.218.820.119.3
19.621.221.922.122.123.124.124.324.726.1
26.727.428.729.531.933.536.638.242.145.5
46.850.655.461.464.869.675.382.692.499.1
104.6115.3119.C125.6
112.1115.0116.8117.2
118.4119.0119.2119.6
120.0126.4125.1130.9
See next page for continuation of table.
236Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-14,—Personal consumption expenditures, 1929-83—Continued
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
Nondurable goods—cont'd
Gasolineand oil
Fuel oitand coal Other
Services
Housing 1Household operation
Total Electricityand gas Other
Transpor-tation
Other
Total Medicalcare
192919331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983 P
1981:|IIIll "...IV
1982:IIIIIIIV
1983:IIIIllIV '
1.81.52.2
2.32.62.11.31.41.83.44.04.85.3
5.56.16.87.47.88.69.410.210.611.3
12.012.012.612.913.514.716.017.018.620.7
22.423.925.428.636.640.444.048.151.266.6
84.894.691.590.6
93.194.895.195.6
94.089.691.391.1
87.390.393.191.6
1.61.21.4
1.51.71.92.02.02.22.53.03.43.1
3.43.53.43.43.53.83.94.14.24.0
3.83.73.74.04.14.44.74.84.74.5
4.44.55.06.27.78.29.810.711.916.1
18.620.720.020.9
20.320.721.120.9
19.419.620.920.2
17.721.223.021.6
5.43.55.3
5.66.47.58.79.610.811.312.814.114.7
15.817.618.319.319.220.321.623.024.025.9
27.529.031.132.834.637.240.943.046.549.6
53.255.559.865.070.575.582.187.696.9106.6
115.7127.4133.5144.8
123.1126.4129.2130.8
129.8131.9134.8137.7
140.4142.1147.2149.5
11.78.19.4
9.710.411.211.812.312.814.216.017.919.6
21.724.327.029.832.234.336.739.342.045.0
48.151.254.758.061.465.569.574.179.887.0
93.9102.7112.5123.8137.4149.8166.5185.9209.6236.0
266.2302.0334.1363.6
288.0297.0306.6316.5
323.8329.7337.8345.2
352.6359.5367.2375.2
4.02.83.8
4.04.34.85.25.96.46.87.58.18.5
9.510.411.112.012.614.015.216.217.318.5
20.121.022.223.424.826.328.030.032.235.0
37.741.045.249.655.263.371.681.190.199.3
113.0128.4144.3154.8
121.7125.8130.5135.5
140.2144.6145.2147.1
145.9155.4155.8162.2
1.21.11.4
1.51.51.61.71.81.92.12.32.62.9
3.33.74.14.55.05.56.16.57.17.6
8.38.89.49.9
10.410.911.512.213.114.2
15.417.018.820.524.029.232.938.542.947.8
57.666.876.382.0
62.965.168.271.0
74.977.276.276.8
74.182.883.387.6
2.91.72.4
2.62.73.23.54.14.54.75.15.45.6
6.26.77.07.57.68.59.29.7
10.210.9
11.812.212.813.614.415.416.517.819.220.8
22.224.026.429.131.234.138.742.647.251.5
55.461.668.072.9
58.860.762.364.5
65.367.469.070.3
71.872.672.574.6
2.61.52.0
2.12.42.73.43.74.05.05.35.85.9
6.26.77.17.87.98.28.69.09.3
10.1
10.711.211.712.212.813.715.016.217.619.5
22.025.127.528.830.933.238.646.451.256.3
61.165.568.472.9
65.464.566.065.9
66.568.069.869.2
70.170.974.076.6
12.07.7
10.0
10.311.212.213.915.216.419.421.723.624.1
25.627.028.831.033.335.638.741.444.348.3
51.754.858.362.568.173.379.987.296.2
106.8
117.2127.4140.1153.0169.8190.7209.0234.1267.1302.0
344.3391.3439.6484.3
374.5384.5398.4407.7
419.2432.9446.1460.3
468.8483,9486.6498.0
2.21.52.1
2.22.42.62.93.33.64.55.56.36.4
6.97.38.08.99.7
10.311.012.013.114.3
15.416.418.019.522.323.926.028.431.436.5
41.045.951.457.464.573.783.396.5
108.4124.1
145.1173.6196.6213.4
162.8169.9177.9183.9
188.7194.4199.9203.5
207.0211.7215.1219.7
1 Includes imputed rental value of owner-occupied housing.Source: Department of Commerce, Bureau of Economic Analysis.
237Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-15.—Gross and net private domestic investment, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
Grossprivatedomes-
ticinvest-ment
Less:Capital
con-sumption
allow-anceswith
capitalcon-
sumptionadjust-ment
Equals: Net private domestic investment
Total
Net fixed investment
Total
Presidential
TotalStruc-tures
Pro-ducers'durableequip-ment
Residential
TotalNon-farmstruc-tures
Farmstruc-tures
Pro-ducers'durableequip-ment
192919331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
19701971.. . .1972.197319741975.1976. ..1977 .19781979
1980 . . .1981. .1982
1983"
1981:
\\ZZZZ.IIIIV
1982:|IIillIV
1983:ItltilI V
16.21.49.3
13.117.99.95.87.2
10.630.734.045.935.3
53.859.252.153.352.768.471.069.261.978.1
75.974.885.490.997.4
113.5125.7122.8133.3149.3
144.2166.4195.0229.8228.7206.1257.9324.1386.6423.0
401.9474.9414.5471.3
455.5472.1495.8476.2
422.9432.5425.3377.4
404.1450.1501.1529.8
9.77.48.7
9.110.011.211.511.712.214.017.320.221.8
23.527.229.331.032.734.838.741.743.544.9
46.347.549.050.652.956.060.765.972.1
88.196.5
106.4116.5136.0159.3175.0195.2222.5256.0
293.2329.5359.2377.4
314.8324.2334.4344.6
349.3356.1363.0368.3
370.8373.3381,7383.6
6.5-6 .0
.6
4.17.9
-1 .3-5.7-4.6-1.616.616.625.613.5
30.332.022.822.420.033.632.327.518.433.2
29.627.336.540.344.557.565.057.061.269.3
56.269.988.6
113.392.746.882.8
128.9164.1167.0
108.7145.455.393.9
140.7147.9161.4131.6
73.676.462.39.1
33.376.8
U9.4146.2
-4 .5.1
1.93.4
-3 .0-5 .0-3 .6
- . 610.317.120.916.6
23.521.719.721.921.627.627.626.119.927.5
26.724.930.234.438.947.650.946.653.359.5
52.962.378.494.878.553.771.0
105.9137.7152.7
118.5127.079.9
100.8
129.8132.9127.8117.3
99.387.667.265.5
72.791.3
110.9128.5
3.1-3 .5
- . 6
.72.0
-2 .5-3 .5-1 .7
1.36.6
10.211.38.1
9.610.79.1
10.89.1
11.913.914.38.1
10.6
12.310.914.015.319.728.935.431.933.638.1
33.931.137.051.949.230.334.350.773.689.0
77.089.759.044.6
1.7-1.6-1 .0
- . 7- . 3
-1 .7-2.6-2 .0-1.2
2.42.12.72.3
2.93.93.84.85.15.97.97.96.46.4
7.37.37.97.89.1
12.914.813.814.516.6
16.315.616.620.718.913.114.116.023.333.7
36.249.148.836.8
1.4-1 .8
.3
1.42.2
- . 7- . 9
244.28.28.65.8
6.76.75.36.04.06.06.06.41.84.2
5.03.66.17.5
10.616.020.618.219.121.5
17.615.520.431.230.317.320.234.750.455.3
40.940.610.27.8
1.7-1 .0
,8
1.21.5
- . 6-1.6-1.9-1 .8
3.76.89.78.5
13.911.010.611.112.515.713.711.811.816.9
14.414.016.219.019.118.715.514.719.821.3
19.031.241.342.929.323.436.855.264.063.7
41.537.320.856.2
1.7- . 9
.8
1.11.4
- . 5-1.4-1.7^1.6
3.46.49.17.9
13.410.610.310.812.215.613.411.711.616.7
14.313.916.118.818.918.615.314.519.621.0
18.930.940.942.528.423.136.554.563.363.2
41.237.721.356.6
-0.1- .1- .0
.0
.0- .1- .1- .1
~2.3.4.4
.3
.3
3̂
.0
.1
.1
- . 0
!o.0.0
- . 0.0.0
- . 1- . 0
.2
- ! 2- . 4
.2- . 2
~'.\
-2
-'.9
0.0- . 0
.0
.0
.0- . 0- . 1- . 1- . 1
,12
\\
.2
.1
.1
.1
.1
.1
.1
.1
.1
.2
.1
.1
.1
.1
.2
.2
.2
.2
.3
.4
.4
.5
.6
7.5.5.6.6
.6
.5
.3
.4
Source: Department of Commerce, Bureau of Economic Analysis.
238Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-16.—Gross and net private domestic investment in 1972 dollars, 1929-83
[Billions of 1972 dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
Less: Equals: Net private domestic investment
Grossprivate
domes-tic
invest-ment
55.88.4
33.6
44.555.829.518.119.727.770.970.082.165.4
93.593.983.085.383.1
103.8102.697.087.5
108.0
104.7103.9117.6125.1133.0151.9163.0154.9161.6171.4
158.5173.9195.0217.5195.5154.8184.5214.2236.7236.3
208.5227.6194.5218.4
222.7229.5236 3221J
199.7201.4198 4V8A
190.0210 2230724Z5
con-sumption
allow-
anceswith
capitalcon-
sumptionadjust-ment
33.633.032.1
32.433.133.332.632.132.334.036.138,540.7
42.845.347.549.852.154.256.558.660.361.6
63.365.066.969.071.674.878.782.887.191.6
96.1100.2106.4110.8116.1120.8125.1129.9135.8143.0
149.8155.9162.5169.1
153.7155.1156.6158.2
159.7161.6163 1165*5
166.3167 8170717L5
Total
22.3-24.6
1.5
12.222.7
=3.8= 14.6= 12.4=4.636.933.943.624.7
50.748.735.435.631.149.546.138.427.246.4
41.438.950.756.061.477.284.372.174.579.8
62.473.688.6
106.879.334.059.484.3
100.993.3
58.771.632.049.3
69.074.479.763.5
40.039.835 312^9
23.742.460 07i!o
Total
17.7-19.8
- .1
6.010.6
- 9 . 0-14.7-10 .1- 1 . 024.834.138.129.1
40.135.031.134.133.341.840.336.929.039.3
37.935.942.948.554.365.467.559.965.568.8
58.765.678.489.667.740.851.671.184.986.0
63.163.141.451.7
66.065.563.657.5
50.243.236.6
39.147.856 2615
Net fixed investment
Nonresidential
Total
11.7-14.7
- 3 . 1
1.65.7
- 7 . 3-10.2- 5 . 1
3.616.621.521.614.8
17.017.815.117.514.719.021.120.412.215.4
17.616.120.121.627.339.446.740.841.044.4
37.732.737.050.343.423.025.636.349.254.6
44.347.533.329.5
Struc-tures
7.8= 8.5- 4 . 0
- 2 . 6— 7
-5^8- 8 . 2- 6 . 6- 3 . 6
6.85.05.85.0
6.17.26.98.59.1
10.412.812.310.210.2
11.811.912.812.414.319.821.719.319.220.5
18.616.616.619.414.98.89.39.5
13.016.5
15.317.917.513.3
Pro-ducers'durableequip-ment
3.8= 6.2
.9
4.26.3
- 1 . 5- 2 . 0
1.57.29.8
16.515.89.7
10.910.68.29.05.68.68.38.12.05.2
5.84.27.39.1
13.019.725.021.521.823.9
19.116.120.430.928.514.216.326.836.238.1
29.129.615.716.2
Total
6.0- 5 . 1
3.0
4.35.0
- 1 . 8- 4 . 5- 5 . 0- 4 . 6
8.212.616.514.4
23.217.116.016.618.622.819.216.516.923.9
20.319.822.826.927.026.020.819.124.524.3
21.032.941.339.324.317.826.034.735.631.4
18.715.68.2
22.2
Reside
Non-farmstruc-tures
6.2- 4 . 6
3.0
4.14.7
- 1 . 6- 4 . 1- 4 . 6- 4 . 1
7.711.915.613.5
22.416.515.516.118.222.718.816.316.623.6
20.219.622.626.726.825.820.618.924.324.0
20.932.640.938.923.517.525.834.235.131.0
18.415.78.3
22.2
mtial
Farmstruc-tures
- 0 . 2=.5
.0
.2
.2- .1- .3- .4_ 4
A.6.8.7
.6
.5
.4
.4
.3
.0
.2
.1
.1
.1
- .1.1.0.0.1
- .1.0.0
- .1= .1
- .3- .2= .2- . 3
.2-.2- . 1
.1
.0- .1
- . 1— .4— 3= .3
Pro-ducers'durableequip-ment
0.0.0.0
.1
.1
.0— .1— 1
.0
.1
.2
.2
.1
.2
.1
.1
.1
.1
.1
.1
.1
.1
.2
.1
.1
.1
.2
.2
.2
.2
.2
.3
.4
.4
.5
.6
.7
.6
.4
.4
.5
.5
.5
.4
.3
.2
.3
Change
inbusi-ness
inven-tories
4.6=4.9
1.6
6.212.05.2
.1=2.3=3.612.2-25.5
-4 .4
10.613.74.31.5
-2 .27.75.81.5
= 1.87.0
3.53.07.87.57.1
11.816.812.29.0
11.1
3.88.1
10.217.211.6
=6.77.8
13.316.07.3
=4.48.5
-9 .4- 2 . 4
3.08.9
1616.0
= 10.2- 3 4
1322 7
-15.4
~3£7.5
192919331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983 "
1981:Iif!"Z"HIiv
1982:IIIIllIV
1983:IIIIllIV P.
Source: Department of Commerce, Bureau of Economic Analysis.
239Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-17.—Inventories and final sales of business, 1946-83
[Billions of dollars, except as noted; seasonally adjusted]
Quarter
Fourth quarter:1946194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983 "
1981:
||IIIIV
1982:
iiIllIV
1983:|||IIIIV
Inventories1
Total
72.082.687.278.7
98.0110.5109.21101107.6
114.8124.0127.6127.3132.0
136 0137.9144 6150.4156.2
170.5187.4199.4213.5234.6
244.0260.8288.7357.7434.4
439.4473.6519.5602.3705.0
775.4819.3798.4816.9
791.2802.2811.9819.3
810.4814.6814.9798.4
791.5793.9807.5816.9
Farm
22.725122.919 8
26.128.326.024 623.8
22.522.924 325.624.4
25 625.927 327.626.5
29.929 629.530 633.3
32.336 745.666.662.4
64 560.659973.981.9
86.383 780.782.4
85 687.583.183.7
86.888.584 680.7
84.382.681.982.4
Total
49.357 564.359 0
71982.283.185 583.9
92 2101.0103 3101.7107.6
11041121117 3122 7129.7
140.6157 8169.9182 9201.3
211.62241243.1291.2372.0
374 9413.0459 6528.3623.1
689.0735 6717.7734.6
705 6714.7728 8735.6
723.67261730 3717.7
707.1711.3725.5734.6
Manu-facturing
26.729.332.528.9
35.243.444.446.444.3
48.854.554.853.255.7
56 657.760 962.966.4
71.581788.795 2
104.8
108.4109 9116.8141.1189.6
189 8207.5224 7254.2306.6
341.4363 2341.5343.1
350 7355.4362.9363.2
355.7351.4349.4341.5
332.7334.9341.1343.1
Jonfarm
Whole-sale
trade
10.110.511.711.8
13.814.614.815.015.3
16.617.918.218.320.0
20.420.S21.523.124.4
26.329.932.434.337.7
41.744.949.460.276.9
77.386.998.7
114.6135.7
155.9164 6163.5167.3
159 6160.6162.5164.6
160.6164.4165.0163.5
159.1159.2164.1167.3
Retailtrade
11.413.115.114.0
17.518.017.718.318.5
20.921.722.922.923.9
25.324.926.327.629.0
31.934.635.339.042.8
44.350 555.764.874.1
74 682.993.7
109.0121.0
128.0139 4141.3153.0
129 8133.4137.3139.4
137.3139.0143.2141.3
143.3145.6149.3153.0
Other
3.54.65.04.3
5.46.16.25.85.9
6.06.97,37.38.0
8.18.78.69.29.9
10.911.613.514.416.0
17.318.821.225.031.3
33.335.742.550.659.8
63.868.471.371.1
65.465.466.168.4
69.971.372.771.3
72.171.671.171.1
Finalsales 2
16.018.319.619.5
21.724.626.127.227.5
29.731.432.733.735.6
36.938.841.143.746.2
51.054.157.663.367.4
70.877.285.894.5
102.0
113.6124.1138.9159.5176.9
194.6212.7223.0241.3
202.0205.0210.4212.7
215.1217.1217.9223.0
226.2232.0236.8241.3
Inventorsales
Total
4.504.514.444.03
4.534.494.184.053.91
3.863.953.903.773.71
3.693.553.523.443.38
3.343.463.463.373.48
3.453.383.373.794.26
3.873.823.743.783.99
3.983.853.583.39
3.923.913.863.85
3.773.753.743.58
3.503.423.413.39
Minal
Non-farm3
3.083.143.273.02
3.323.343.183.153.05
3.103.223.163.013.02
2.992.892.852.812.81
2.762.922.952.892.99
2.992.902.833.083.65
3.303.333.313.313.52
3.543.463.223.04
3.493.493.463.46
3.363.343.353.22
3.133.073.063.04
1 End of quarter.2 Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households and institutions,
government, and rest of the world, and includes a small amount of final sales by farms.3 Ratio based on total business final sales, which includes a small amount of final sales by farms.Note, The industry classification of inventories is on an establishment basis and is based on the 1972 Standard Industrial
Classification (SIC) beginning 1948 and on the 1942 SIC prior to 1948.Source: Department of Commerce, Bureau of Economic Analysis.
240Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-18.—Inventories and final sales of business in 1972 dollars, 1947-83
[Billions of 1972 dollars, except as noted; seasonally adjusted]
Quarter
Fourth quarter:194719481949
19501951195219531954
19551956195719581959
I9601961196219631964
19651966196719681969
19701971197219731974
1975197619771978.1979
1980198119821983 p
1981:1IIHIIV..
1982:|IItilIV...
1983:|IIHIIV
Inventories »
Total
1161121.6117.2
127.71414145.7147.2145.0
152.8158.61601158.3165.3
168.81718179 7187.2194 3
2061222.9235.1244.1255.1
258.9267 0277.2294 4306.0
299.2307 0320.3336 3343.6
339.2347 7338 3335.9
340.0342 2346 2347.7
345.2344 3344 0338.3
334.5333.13341335.9
Farm
25 726.726.2
27.529130.430.231.1
31.530.731432.432.4
32.833 234 535.7351
36.236.036.837.037.3
37.739 239.842141.8
43.041140.840 843.2
40 944 243440.5
41.142 243 344.2
44.544 243 843.4
43.342.841540.5
Totat
90 594.891.0
100.2112.3115.4117.1114.0
121.2127.8128 7125.9132.9
136.1138 6145.2151.5159.2
169.9186.8198.3207.0217.8
221.2227 8237.4252 3264.2
256.3265 9279.5295 5300.4
298 4303 5294 9295.5
298.9300 0303 0303.5
300.7300.2300 2294.9
291.2290.3292 5295.5
1
Manu-facturing
47 448.846.2
49.360062.764.560.9
64.369.168 766.169.1
69.971775.678.282.0
87 097.2
1041108.4112.8
112.91118114.41218130.9
127.113091341139 8145.0
1459147 9139 6136.9
146.8147 2149 0147.9
146.0144.3143 0139.6
136.5136.3136 6136.9
Yonfarm
Whole-sale
trade
16 017.217.2
19.219.720.120.320.6
22.122.822.522.524.6
25.125 726.628.429.9
31635.337 838.941.2
44.045 947.950 454.1
52.255 559.763 564.7
66267 267.166.8
66.166.266 567.2
66.567.667 767.1
65.464.765 766.8
Retailtrade
18 320.319.8
23.023.023.023.623.7
26.526.827.827.528.7
30.329 831.633.034.5
37.440.040.043.045.9
46.151254.658 858.3
55.858863.167 366.1
63.265 665.168.8
63.164.265.265.6
64.964.866.165.1
65.966.367.368.8
Other
878.67.8
8.79.59.68.78.8
8.49.29.89.8
10.5
10.711411.412.012.8
13.814.316.316.817.9
18.219 020.521420.9
21.120 822.624 924.6
23.022 823.223.0
23.022.522.222.8
23.423.423.423.2
23.423.022.923.0
Finalsales2
33 234.434.6
36.939 841.643.043.1
45.646.547.148.149.7
50.753155.358.360.9
66.167.570.173.874.7
75.278984.787.285.0
88.192.297.6
103.0105.4
104.9105.9106.6111.4
106.6106.4106.8105.9
105.8105.5105.1106.6
106.8108.9110.3111.4
Inventorsales
Total
3 503.533.38
3.463 553.513.423.36
3.353.413.403.293.33
3.333.243.253.213.19
3.123.303.363.313.41
3.443.383.273.383.60
3.403.333.283.273.26
3.233.283.183.02
3.193.223.243.28
3.263.273.273.18
3.133.063.033.02
Minal
Non-farm3
2 732.762.63
. 2.722 822.782.722.64
2.662.752.732.622.68
2.682.612.622.602.61
2.572.772.832.812.92
2.942 892.802.893.11
2.912.882.862.872.85
2.842.862.772.65
2.802.822.842.86
2.842.852.862.77
2.732.672.652.65
1 End of quarter.2 Quarterly totals at monthly rates. Business final sates equals final sales less gross product of households and institutions,
government, and rest of world, and includes a small amount of final sales by farms.3 Ratio based on total business final sales, which includes a small amount of final sales by farms.Note.—The industry classification of inventories is on an establishment basis and is based on the 1972 Standard Industrial
Classification (SIC) beginning 1948 and on the 1942 SIC prior to 1948.Source: Department of Commerce, Bureau of Economic Analysis.
241Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-19.—Relation of gross national product, net national product, and national income, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarterGross
nationalproduct
Less:Capital
consump-tion
allowanceswith
capitalconsump-
tionadjustment
Equals:Net
nationalproduct
Less:
Indirectbusinesstax andnontaxliability
Busi-ness
transferpay-
ments
Statis-tical
discrep-ancy
Plus:Subsidies
lesscurrentsurplus
ofgovern-mententer-prises
192919331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983 "..
1981:IIIIllIV
1982:IIIIllIV
1983:IIIIllIV ",..
103.455.890.9
100,0125.0158.5192.1210.6212.4209.8233.1259.5258.3
286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9
506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0
992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.32,163.92,417.8
2,631.72,954.13,073.03,309.5
2,866.62,912.53,004.93,032.2
3,021.43,070.23,090.73,109.6
3,171.53,272.03,362.23,432.0
9.77.48.7
9.110.011.211.511.712.214.017.320.221.8
23.527.229.331.032.734.838.741.743.544.9
46.347.549.050.652.956.060.765.972.180.0
88.196.5
106.4116.5136.0159.3175.0195.2222.5256.0
293.2329.5359.2377.4
314.8324.2334.4344.6
349.3356.1363.0368.3
370.8373.3381.7383.6
93.748.482.2
91.0115.0147.3180.7198.9200.2195.8215.7239.3236.5
263.0303.6318.7335.8334.1365.3383.0402.3406.2443.0
460.2477.0516.1546.1584.8635.0695.3733.7801.3864.0
904.7981.1
1,079.51,209.91,298.21,389.91,543.01,723.21,941.42,161.7
2,338.52,624.62,713.82,932.1
2,551.72,588.42,670.52,687.6
2,672.12,714.12,727.72,741.3
2,800.72,898.72,980.53,048.4
7.17.19.4
10.111.311.812.814.215.517.118.420.121.3
23.425.327.729.729.632.235.137.538.741.8
45.448.051.654.658.862.665.370.278.986.6
94.3103.7111.5120.9129.1140.1151.7165.7178.2189.6
213.4250.0258.3285.8
244.0249.1252.4254.3
252.6256.0259.9264.8
270.6285.8291.1295.7
0.6.7.5
.4
.5
.5
.5
.5
.5
.5
.6
.7
.91.01.21.11.21.41.51.61.8
2.02.02.12.42.72.83.03.13.43.9
4.14.44.95.55.87.47.98.69.3
10.3
11.712.914.115.5
12.512.813113.4
13.714.014.314.7
15.015.315.716.1
1.1
l.A
1.1.6
- . 8- 1 . 8
2.74.1
1.5-1 .6
1.33.21.72.32.01.3
- 2 . 1-1 .2
.2- 1 . 3
-2 .4- . 1
17
- L 21.4
- . 3
- 1 9
- 1 . 54.13.3
.83.75.55.11.4
=2.6
2.3- 4 . 9
.5
5.1-4 .2
-12.0- 8 . 5
-6 .71.72.54.2
- 1 . 2- 3 . 5
2.5
- 0 . 2- . 0
.4
.4
.1
.1
'.B.7.9
- . 2
- . 3
.1- . 1
-.5
- . 0.7.7
1.1.1
.41.71.81.11.71.62.51.61.41.9
2.92.63.83.41.12.41.03.13.73.4
5.56.49.5
16.3
5.66.56.47.2
7.26.48.0
16.6
12.311.815.825.2
Source: Department of Commerce, Bureau of Economic Analysts.
242Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-20.—Relation of national income and personal income, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter Nationalincome
Less:
Corporateprofitswith
inventoryvaluation
andcapital
consump-tion
adjust-ments
Netinterest
Contribu-tions for
socialinsurance
Wageaccruals
lessdisburse-
ments
Plus:
Govern-ment
transferpayments
topersons
Personalinterestincome
Personaldividendincome
Businesstransfer
payments
Equals:
Personalincome
192919331939
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....1973....1974....1975....1976....1977....1978....1979....
1980198119821983 *...,
1981:
ItIllIV
1982:III....
1983:
IIIIV P.
84.839.971.4
79.7102.7135.9169.3182.1180.7178.6194.9219.9213.6
237.6274.1287.9302.1301.1330.5349.4365.2366.9400.8
415.7428.8462.0488.5524.9572.4628.1662.2722.5779.3
810.7871.5963.6
1,086.21,160.71,239.41,379.21,550.51,760.31,966.7
2,116.62,373.02,450.42,646.9
2,295.82,337.22,423.42,435.6
2,419.72,448.92,458.92,474.0
2,528.52,612.82,686.9
9.0- 1 . 7
5.3
8.614.119.323.523.619.016.622.329.427.1
33.938.736.136.335.245.543.743.338.549.6
47.648.656.662.169.280.085.182.489.185.1
71.483.296.6
108.394.9
110.5138.1167.3192.4194.8
175.4192.3164.8226.3
194.7185.0197.6192.0
162.0166.8168.5161.9
181.8218.2248.4
4.74.13.6
3.33.33.12.72.42.21.82.32.42.7
3.03.54.04.45.35.96.67.99.6
10.3
11.413.014.716.418.321.024.427.630.034.8
41.446.551.260.276.184.587.2
102.5121.7153.8
192.6249.9261.1247.2
223.7242.6268.0265.3
265.0268.3256.4254.7
248.3243.8246.1250.4
0.2.3
2.1
2.32.83.54.55.26.16.15.85.45.9
7.18.59.09.1
10.111.512.914.915.218.0
21.121.924.327.328.730.038.843.447.955.0
58.664.674.292.4
104.3110.9126.0140.6161.8186.9
203.7237.0253.0272.3
231.7234.8239.0242.5
249.9252.4254.3255.4
265.4270.1274.4279.1
0.0.0.0
.0
.0
.0
.2- . 2
.0- . 0
.0
.0- . 0
.0
.1- . 0_ . l
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.6
.0- . 1
!o.0.0.2
- . 2
- . 0.1
- . 0- . 4
- . 1.0.0.0
.0- 1 . 3
- . 4.0
0.91.52.5
2.72.62.72.53.15.6
10.811.210.611.7
14.411.612.112.915.116.217.320.124.325.2
27.030.831.633.434.837.641.649.556.462.8
76.190.099.8
114.0135.4170.9186.4199.3214.6240.0
285.9324.3360.4387.9
311.9314.9332.8337.4
340.9350.3366.1384.3
383.6390.0386.8391.4
6.95.55.4
5.35.35.25.15,25.96.67.68.18.7
9.710.511.212.513.714.916.718.820.322.5
25.026.429.032.235.639.744.448.353.461.1
69.474.880.993.9
112.4123.2132.5152.8179.4218.7
266.0341.3366.2366.3
308.7329.8361.9364.7
364.9371.9364.8363.1
357.2357.1369.9381.0
5.82.03.8
4.04.44.34.44.64.65.66.37.07.2
8.88.58.58.89.1
10.311.111.511.312.2
12.913.314.415.517.319.119.420.221.922.4
22.222.624.126.529.129.936.539.645.350.8
56.862.866.470.5
59.661.964.565.3
65.665.666.467.9
68.869.370.972.9
0.6.7.5
.4
.5
.5
.5
.5
.6
.8
.91.01.21.11.21.41.51.61.8
2.02.02.12.42.72.83.03.13.43.9
4.14.44.95.55.87.47.98.69.3
10.3
11.712.914.115.5
12.512.813.113.4
13.714.014.314.7
15.015.315.716.1
85.047.072.4
77.995.4
122.6150.8164.5170.0177.6190.1209.0206.4
227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4
402.3417.8443.6466.2499.2540.7588.2630.0690.6754.7
811.1868.4951.4
1.065.21,168.61,265.01,391.21,540.41,732.71,951.2
2,165.32,435.02,578.62,741.9
2,338.32,394.22,490.92,516.6
2,528.12,563.22,591.32,632.0
2,657.72,713.62,761.92,834.2
Source: Department of Commerce, Bureau of Economic Analysis.
243
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-21.—National income by type of income, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
Nationalincome1
Compensationof employees
TotalWages
andsalaries
Supple-ments
towages
andsal-
aries2
Proprietors' income with inventory valuation and capital consumptionadjustments
Total
Farm
TotalPropri-etors'
in-come3
Capitalconsump-
tionadjust-ment
Nonfarm
TotalPropri-etors'
in-come4
Inven-tory
valua-tion
adjust-ment
Capitalconsump-
tionadjust-ment
192919331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
196019611962196319641965196619671968196919701971197219731974.19751976197719781979
198019811982.1983 "
1981:IIIIllIV
1982:1||IllIV
1 9 8 3 :
II. ..IllIV »
84.839 971.4
79.7102 7135.9169 3182.1180 7178 6194 9219 9213.6
237 62741287.93021301.1330.5349.4365.2366.9400.8
415.7428.8462.0488.5524.9572 4628.1662 2722.5779.3810.78715963.6
1,086.21,160.71,239.41,379.21,550.51,760.31,966.7
2,116.62,373.02,450.42,646.9
2,295.82,337.22,423.42,435.6
2,419.72,448.92,458.92,474.0
2,528.52,612.82,686.9
51.129.548.1
52.164.885.3
109.5121.2123.1118.1129.2141.4141.3
154.8181.0195.7209.6208.4224.9243.5256.5258.2279.6
294.9303.6325.1342.9368.0396.5439.3471.4519.9572.9
612.0652.2718.0801.3877.5931.4
1,036.31,152.11,301.11,458.1
1,599.61,769.21,865.71,990.1
1,718.81,750.91,791.71,815.6
1,834.21,859.91,879.51,889.0
1,923.71,968.72,011.82,056.0
50.529.046.049.962.182.1
105.8116.7117.5112.0123.1135.5134.7
147.0171.3185.3198.5196.8211.7228.3239.3240.5258.9
271.9279.5298.0313.4336.1362.0398.4427.0469.6515.7
548.7581.5635.2702.6765.2806.4889.9983.2
1,106.51,237.4
1,356.61,493.21,568.11,664.0
1,451.71,478.11,512.61,530.6
1,542.71,563.91,579.81,586.0
1,610.61,647.11,681.51,716.6
2.32.73.23.84.55.66.06.15.96.6
7.89.7
10.411.011.613.215.217.217.720.6
23.024.127.129.531.834.540.944.450.357.2
63.270.782.898.7
112.3125.0146.4168.9194.6220.7
243.0276.0297.6326.1
267.1272.8279.2285.0
291.6296.0299.7302.9
313.1321.6330.3339.3
15.05.9
11.8
13.017.524.229.130.431.836.735.940.936.4
38.743.243.441.841.242.943.945.347.747.6
47.248.649.950.552.556.960.561.264.067.0
66.269.476.993.888.790.094.1
103.9118.5132.1
117.4120.2109.0128.6
121.1118.9123.5117.1
111.2104.9103.6116.2
120.6127.2126.7139.7
6.12.54.4
4.46.4
10.112.012.012.414.915.117.612.8
13.716.115.113.112.511.511.211.113.210.9
11.712.112.312.010.813.114.112.612.714.6
14.315.018.732.826.524.619.119.126.331.9
21.830.521.521.0
26.529.135.031.3
27.416.815.826.0
22.221.015.525.3
6.32.64.5
4.56.5
10.312.212.212.715.215.718.213.5
14.416.916.013.913.312.212.112.114.111.9
12.612.913.012.811.513.814.913.513.715.7
15.616.420.434.629.028.022.823.331.337.8
28.938.429.929.4
34.137.043.139.6
35.725.124.234.6
30.629.423.933.6
= 0 . 2- . 0
.1
-3
~'.S- . 7
.9- . 9- . 9
-1 .0
- . 9
- . 7- . 7
~'.B- . 9
- 1 . 0-1 .2
- 1 . 3- 1 . 4- 1 . 6- 1 . 8=2.5-3 .4- 3 . 7- 4 . 3-5 .0-5 .9
- 7 . 1= 8.0- 8 . 4- 8 . 4
-8.2-8.3-8.4-8.6
- 8 . 4- 8 . 4- 8 . 4- 8 . 3
8.93.37.4
8.611.114.117.118.419.421.820.823.323.6
25.027.228.228.628.731.432.734.234.536.7
35.536.537.638.541.743.846.448.651.352.5
51.954.458.161.062.265.475.084.892.2
100.2
95.689.787.4
107.6
94.789.888.585.8
83.788.187.890.2
98.4106.2111.2114.4
3.97.68.6
11.714.417.118.319.323.321.823.122.2
25.126.426.927.627.630.531.833.133.235.3
34.235.336.437.240.242.745.347.550.651.9
51.754.558.162.365.867.477.186.894.9
103.2
100.3
97.3
97.490.3
84.7
85.384.586.0
91.096.8
100.6100.9
0.1- . 5- . 2
- . 0- . 6- . 4— 2- i l- . 1
- 1 . 7- 1 . 5
- . 4.5
- 1 . 1- . 3
.2— 2-.0— 2= !5= .3= .1=-.0
.0
.0- . 0- . 0_ i-'.2= .2= .2- . 4- . 5
- . 5=.6- . 7
- 2 . 0- 3 . 7-1 .2-1 .2- 1 . 2-2 .0-2 .9
- 3 . 1- 1 . 5- . 6- . 9
- 2 . 6- 1 . 4-1 .2- 1 . 0
- . 1= .8- . 7- . 8
— 2- L I- 1 . 5
- . 6
1 National income is the total net income earned in production. It differs from gross national product mainly in that it excludesdepreciation charges and other allowances for business and institutional consumption of durable capital goods and indirect businesstaxes. See Table B-19.
2 Employer contributions for social insurance and to private pension, health, and welfare funds; workers' compensation; directors'fees; and a few other minor items.
See next page for continuation of table.
244Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-21.—National income by type of income, 1929-83—Continued
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
192919331939
19401941194219431944194519461947...19481949
1950195119521953195419551956195719581959
1960196119621963196419651966 !."....196719681969
19701971197219731974197519761977...19781979
1980198119821983 '
1981:1....
)||"IV
1982:
IIIIIIV
1983:|UIllI V
Rental income of persons
adjustment
Total
4.92.22.6
2.73.14.04.44.54.65.55.35.76.1
7.17.78.8
10.011.011.311612.212.913.6
14 515.015.816.517.118.018.719 719.519.6
19.720.221.022 623.523.023.524 826 627.9
31.541449 954.8
37.439.942 745.6
47 449 050 952.3
54154.853.956.2
Rentalincome
ofpersons
5.72.33.1
3.33.95.05.65.96.27.37.78.58.9
10.011.012.213.414.414.815 215.916.717.4
18 018.419.119.720.221.222.323 624.025.2
25.827.129.032135.336.839.244050 056.2
63.977 086 393.4
71.774.878 782.6
84 785 787 687.4
91692.294.095.7
Capitalcon-
sumptionadjust-ment
08- . 1
6
- . 6_ 8
- 1 . 0- 1 2- 1 . 4- 1 6-1 .8- 2 . 5-2 .8
28
- 2 . 9- 3 3
34- 3 4
33- 3 . 5
3 6- 3 . 6
38- 3 . 8
35- 3 . 4
3 4- 3 . 2- 3 . 2- 3 . 3- 3 . 6
39- 4 . 5
56
- 6 . 1- 6 . 9
8095
-11.8-13.8
15 619123 4
-28.3
-32.435 636 5
-38.6
34 3-34.9
36 0-37 .1
37 336 736 7
-35.2
37 5-37.4-40.0-39.4
Corporate profits with inventory valuation and capital consumption adjustments
Total
9.0-1 .7
5.3
8.614119.323 523.619016.622.329.427.1
33.938 736.136 335.245.543 743.338 549.6
47 648.656 662.169.280.085.182 489.185.171.483.296.6
108 394.9
110.51381167 3192 4194.8
175.4192 3164 8226.3
194 7185.0197 6192.0
162 0166 8168 5161.9
1818218.2248.4
Profits with inventory valuation adjustment and withoutcapital consumption adjustment
Total
10.5- 1 . 2
6.5
9.815420.524 524.019 319.625.933.431.1
37.943.340.640.238.447.546 946.641652.3
49 750.055159.766.076.080.978184.980.8
68.982.094.0
105 696.7
120.61516178 5205 1209.6
191.7203 3165 9195.5
207 1196.4208 3201.5
167 7170 3168 3157.2
168 0192.7210.8
Profits
Profitsbeforetaxes
10.01.07.2
10.017.921.725324.219 824.831.835.629.2
42.944.539.641.238.749.249 648.141952.6
49 849.755 059.666.577.283.079 788.586.7
75.486.6
100.6125 6136.7132.1166 3194 72291252.7
234.6227 0174 2205.3
243.9219.0227 7217.2
173 2178 8177 3167.5
169 7203.3229.1
Profitstax
liability
1.4.5
2.87.6
11.414.112.910.79.1
11.312.410.2
17.922.619.420.317.622.022 021.419 023.6
22 722.824 026.228.030.933.732 539.239.5
34.237.541.649 051.650.663 811183 287.6
84.882 859 275.7
91.780.483 775.6
60.361.460 854.0
61.576.084.9
Profits after tax
Total
8.6.4
5.7
7.210.310.311.211.39.1
15.720.523.219.0
25.021.920.220.921.127.227 626.722.928.9
27 126.931133.438.546.349.447 249.447.2
41.349.058.976 685.181.5
102.5122 0145 9165.1
149.8144.11151129.6
152.2138.6144 0141.7
112.9117.4116.5113.5
108.2127.2144.1
Divi-dends
5.82.03.8
4.0444.3444.6465.66.37.07.2
8.8858.5889.1
10.311111.511312.2
12 913.314 415.517.319.119.420 222.022.5
22.522.924.427 029.930.837 440 847 052.7
58.664 768 773.3
61.363.766 467.3
67 767 868 870.4
71472.073.775.9
Undis-tributedprofits
2.8-1 .6
2.0
3.2586.0676.745
10.214.216.211.8.
16.213 411.812111.916.916 615.211616.7
14 313.616 617.921.227.229.927 027.324.7
18.826.134.549 655.250.765.181298 9
112.4
91.279.546 456.3
90.974.977 674.4
45.249.547 743.1
36.755.270.4
Inven-tory
valua-tion
adjust-ment
0.5-2 .1
— 7
- . 2- 2 5- 1 . 2
- 83
- 653
-5 .9-2 .2
1.9
50-1 .2
1.0-1 .0
3-1 .7
2715
_ 33
_ 2.30.1
- . 5- 1 . 2- 2 . 1-1 .6-3 .7-5 .9
-6 .6-4 .6-6 .6
-20.0-40.0-11.6-14.7-16.2-24.0-43.1
-42.9-23.6
- 8 . 4-9 .8
-36.7-22.6-19.4-15.7
-5 .5-8 .5-9 .0
-10.3
-1 .7-10.6-18.3- 8 . 5
Capitalcon-
sumptionadjust-ment
14- . 6
-1 .1
- 1 . 2- 1 3-1 .2- 1 0
_*2-3 .0-3 .6-4 .0-3 .9
-4 .0- 4 . 6- 4 . 5- 3 . 9-3 .2-2 .0
3234
-3 .227
- 2 . 0141.52.53.14.04.24.34.34.3
2.51.32.72.7
-1 .8-10.1-13.5-11.3-12.7-14.8
-16.3-11.0
- 1 . 130.8
-12.4-11.4-10.7
-9 .5
-5 .6- 3 . 5
.14.7
13.925.637.646.3
Netinterest
4.74.13.6
3.3333.1272.4221.82.32.42.7
3.03.54.04.45.35.9667.99.6
10.3
11.413.014.716.418.321.024.427.630.034.8
41.446.551.260.276.184.587.2
102.5121.7153.8
192.6249.9261.1247.2
223.7242.6268.0265.3
265.0268.3256.4254.7
248.3243.8246.1250.4
3 With inventory valuation adjustment and without capital consumption adjustment.4 Without inventory valuation and capital consumption adjustments.Source: Department of Commerce, Bureau of Economic Analysis.
245Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-22.—Sources of personal income, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter Personalincome
Wage and salary disbursements1
Total
Commodity-producingindustries
Total Manu-facturing
Distrib-utiveindus-tries
Serviceindus-tries
Govern-mentand
govern-mententer-prises
Otherlabor
Proprietors' incomewith inventoryvaluation and
capitalconsumptionadjustments
Farm
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...1973...1974...1975...1976...1977...1978...1979...
1980...1981...1982...1983 ».
1 9 8 1 :IIIIII. . . .IV... .
1 9 8 2 :IIIIII . . . .IV.. . .
1 9 8 3 :IIIIII. . . .IV »..
85.047.072.4
77.995.4
122.6150.8164.5170.0177.6190.1209.0206.4
227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4
402.3417.8443.6466.2499.2540.7588.2630.0690.6754.7
811.1868.4951.4
1,065.21,168.61,265.01,391.21,540.41,732.71,951.2
2,165.32,435.02,578.62,741.9
2,338.32,394.22,490.92,516.6
2,528.12,563.22,591.32,632.0
2,657.72,713.62,761.92,834.2
50.529.046.0
49.962.182.1
105.6116.9117.5112.0123.1135.5134.8
147.0171.3185.4198.6196.8211.7228.3239.3240.5258.9
271.9279.5298.0313.4336.1362.0398.4427.0469.6515.7
548.7580.9635.2702.7765.7806.4889.9983.2
1,106.31,237.6
1,356.71,493.21,568.11,664.4
1,451.71,478.11,512.31,530.6
1,542.81,563.81,579.81,586.0
1,610.71,648.41,681.91,716.7
21.59.8
17.4
19.727.539.149.050.445.946.054.261.157.8
64.876.382.089.685.793.1
100.6104.2100.0109.6
113.1113.7121.8126.9135.4146.0161.0168.3183.4199.6
203.0208.3227.3254.3274.7275.0307.3343.6389.4438.4
468.1509.5509.2529.6
497.5506.9518.2515.5
514.8513.7508.9499.5
508.6522.2537.8549.8
16.17.8
13.6
15.621.730.940.942.938.236.542.547.144.6
50.359.364.171.267.573.879.482.478.686.8
89.789.896.7
100.6107.1115.5128.0134.1145.8157.5
158.2160.3175.4196.2211.4211.0237.4266.0299.2333.9
354.6385.3383.8402.7
375.9386.1391.6387.5
386.2386.8384.8377.4
385.4397.4409.2418.6
15.68.8
13.3
14.216.318.020.122.724.831.035.237.537.7
39.844.346.949.750.153.457J60.560.864.8
68.269.372.876.381.487.294.4
100.9110.0120.8
130.3139.4152.1168.3184.6195.6216.6239.5270.7303.4
330.7361.6378.8397.2
351.5359.4366.9368.4
371.6378.1381.9383.5
386.4394.3398.9409.2
8.45.27.1
7.58.19.09.9
10.911.914.316.117.918.5
19.821.523.124.926.128.631.333.635.638.5
41.444.147.250.254.458.964.771.379.689.7
98.3106.7118.2131.3145.6159.7177.4197.7226.6259.7
297.6337.7374.1411.5
325.3331.1342.1352.4
357.6369.1381.2388.5
396.4407.3416.4425.9
5.05.28.2
8.510.216.026.633.034.920.717.519.020.8
22.629.233.334.434.936.638.841.044.146.0
49.252.456.360.064.969.978.386.496.6
105.5
117.1126.5137.5148.7160.9176.1188.7202.4219.5236.2
260.3284.4306.0326.1
277.4280.8285.1294.2
298.7303.0307.7314.5
319.2324.6328.8331.8
0.5.4.6
.6
.7
.91.11.51.82.02.42.72.9
3.74.65.25.96.17.08.09.09.4
10.6
11.211.813.014.015.717.819.921.725.228.5
32.536.743.048.855.864.575.989.4
102.5114.9
128.0143.5156.6173.4
137.6141.5145.7149.4
152.4155.4158.2160.4
164.3170.1176.4182.7
6.12.54.4
4.46.4
10.112.012.012.414.915.117.612.8
13.716.115.113.112.511.511.211.113.210.9
11.712.112.312.010.813.114.112.612.714.6
14.315.018.732.826.524.619.119.126.331.9
21.830.521.521.0
26.529.135.031.3
27.416.815.826.0
22.221.015.525.3
1 The total of wage and salary disbursements and other labor income differs from compensation of employees in Table B-21 in that itexcludes employer contributions for social insurance and the excess of wage accruals over wage disbursements.
See next page for continuation of table.
246Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-22.—Sources of personal income, 1929-83—Continued
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
Rentalincome
ofpersons
withcapital
con-
Personaldividendincome
adjust-ment
Personalinterestincome
Transfer payments
Total
Old-age,survivors,disability,
andhealthinsur-ance
benefits
Govern-ment
unem-ployment
insur-ance
benefits
Veteransbenefits
Govern-ment
employ-ees
retire-ment
benefits
Aid tofamilies
withdepend-
entchildren(AFDC)
Other
Less:Persona!contribu-tions for
socialinsurance
Nonfarmpersonalincome2
192919331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
19701971197219731974197519761977197819791980198119821983 "
1981:
IIlljIV
1982:IIJlitIV
1983:
\\.ZZZIIIIV p
4.92.22.6
2.73.14.04.44.54.65.55.35.76.1
7.1778.8
10.011.011.311.612.212.913.6
14.515.015.816.517.118.018.719.719.519.6
19.720.221.022.623.523.023.524.826.627.9
31.541.449.954.8
37.439.942.745.6
47.449.050.952.3
54.154.853.956.2
5.82.03.8
4.04.44.34.44.64.65.66.37.07.2
8.58.58.89.1
10.311.111.511.312.2
12.913.314.415.517.319.119.420.221.922.4
22 222.624.126.529.129.936.539.645.350.8
56.862.866.470.5
59.661.964.565.3
65.665.666.467.9
68.869.370.972.9
6.95.55.4
5.35.35.25.15.25.96.67.68.18.7
9.710.511.212.513.714.916.718.820.322.5
25.026.429.032.235.639.744.448.353.461.1
69.474.880.993.9
112.4123.2132.5152.8179.4218.7
266.0341.3366.2366.3
308.7329.8361.9364.7
364.9371.9364.8363.1
357.2357.1369.9381.0
1.52.13.0
3.13.13.13.03.66.2
11.311.711.312.5
15.212.613.114.116.217.518.721.625.927.0
28.932.833.835.837.440.444.752.659.866.7
80.194.4
104.7119.5141.2178.3194.3207.9223.8250.3
297.6337.2374.5403.5
324.4327.7345.9350.7
354.6364.2380.4399.0
398.5405.3402.6407.5
0.0
.0
.1
.1
.2
.2
.3
.4
.5
.6
.7
1.01.92.23.03.64.95.77.38.5
10.2
11.112.614.315.216.018.120.825.530.232.9
38.544.549.660.470.181.492.9
104.9116.2131.8
154.2182.0204.5222.8
171.0173.4190.5192.8
195.0197.3209.3216.5
217.4221.1223.8229.0
0.4
.5
!4.1.1.4
1.1.8.9
1.9
1.5.9
1.11.02.21.51.51.94.12.8
3.04.33.13.02.72.31.92.22.12.2
4.05.85.74.46.8
17.615.812.79.79.8
16.115.624.825.5
16.115.014.416.8
19.023.224.932.2
29.030.022.620.6
0.6
.5
'.5
LO3.07.07.05.95.3
7.74.64.34.14.24.44.44.54.74.6
4.65.04.74.84.74.94.95.65.96.7
7.78.89.7
10.411,814.514.413.813.914.4
15.016.116.416.7
16.015.916.016.4
16.416.216.316.6
16.916.616.616.5
0.1
.3
'.3.4.4.5
7.7.9
1.01.11.21.41.51.71.92.22.52.8
3.13.43.74.24.75.26.16.97.68.7
10.211.813.816.019.0
29!032.736.943.049.354.258.5
47.449.249.850.9
51.554.555.155.8
56.658.359.359.7
1.01.11.31.41.51.71.92.32.83.5
4.86.26.97.27.99.2
10.110.610.711.0
12.413.513.414.3
13.313.513.613.5
13.313.413.313.5
14.114.414.314.5
0.81.41.7
1.71.81.81.82.02.02.1
2.52.93.3
3.53.63.84.14.14.34.54.95.35.8
6.26.46.77.37.88.39.2
10.211.112.5
15.017.419.021.125.632.835.136.940.746.3
56.960.861.265.6
60.660.661.660.3
59.459.761.664.3
64.564.966.067.1
1.21.82.22.32.02.12.22.2
2.93.43.84.04.65.25.86.76.97.9
9.39.7
10.311.812.613.317.820.622.926.2
27.930.734.542.647.950.455.561.169.881.1
88.7104.6112.0119.5
102.2103.6105.6106.8
110.7111.7112.7112.9
116.5118.6120.5122.5
159.9171.9188.2190.4
210.2235.4253.1271.3
- 273.9295.5318.0336.6344.4369.8
386.7401.6427.1449.7483.7522.6568.9611.9672.1733.9
790.0846.5925.3
1,023.71,131.81,229.11,359.31,506.51,689.71,899.3
2,119.52,377.02,527.62,691.2
2,285.82,337.92,427.92,456.6
2,471.32,516.82,546.02,576.5
2,606.12,663.32,716.62,779.0
2 Personal income exclusive of farm proprietors' income, farm wages, farm other labor income, and farm net interest.Note.—The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is
based on the 1972 Standard Industrial Classification (SIC) beginning 1948 and on the 1942 SIC prior to 1948.Source: Department of Commerce, Bureau of Economic Analysis.
247Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-25.—Disposition of personal income, 1929-83
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or quarter Personalincome
Less:Personaltax andnontax
payments
Equals:Dispos-
ablepersonalincome
Less: Personal outlays
Total
Personalcon-
sumptionexpendi-
tures
Interestpaid by
consum-ers tobusi-ness
Per-sonal
transferpay-
mentsto
for-eigners
(net)
Equals:Personalsaving
Percent of disposablepersonal income
Personal outlays
Total
Personalconsump-
tionexpend-
itures
1929...1933...1939...
1940...1941...1942...1943...1944...1945...1946...1947...1948...1949..
1950 .1951 .1952..1953..1954..1955.1956..1957 .1958.1959
1960196119621963....1964....1965....19G6196719681969
197019711972197319741975197619771978 :::::;1979
1980198119821983 *
1981:I
1982:III ....
1983:I
IV P....
85.047.072.4
77.995.4122.6150.8164.5170.0177.6190.1209.0206.4
227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4
402.3417.8443.6466.2499.2540.7588.2630.0690.6754.7
811.1868.4951.4
1,065.21,168.61,265.01,391.21,540.41,732.71,951.2
2,165.32,435.02,578.62,741.9
2,338.32,394.22,490.92,516.6
2,528.12,563.22,591.32,632.0
2,657.72,713.62,761.92,834.2
2.61.42.4
2.63.35.917.818.920.818.721.421.018.5
20.628.934.035.532.535.439.742.442.146.0
50.452.156.860.358.664.974.582.197.2115.7
115.8116.7141.0150.7170.2168.9196.8226.4258.7301.0
336.5387.4402.1406.3
370.7383.8398.9396.1
400.2404.2399.8404.1
401.8412.6400.1410.6
82.445.670.0
75.392.2
116.6133.0145.6149.1158.9168.7188.0187.9
206.6226.0237.7252.2257.1275.0292.9308.6319.0338.4
352.0365.8386.8405.9440.6475.8513.7547.9593.4638.9
695.3751.8810.3914.5998.3
1,096.11,194.41,314.01,474.01,650.2
1,828.92,047.62,176.52,335.6
1,967.62,010.42,092.02,120.5
2,127.92,159.02,191.52,227.8
2,255.92,301.02,361.72,423.6
79.146.567.8
72.081.889.4
100.1109.0120.4145.2163.5176.9180.4
194.7210.0220.4233.7240.1258.5271.6286.4295.4317.3
332.3342.7363.5384.0411.0442.1477.7503.6551.5598.3
639.5691.1757.7835.5913.2
1,001.81,111.91,236.01,384.6
•1,553.5
1,718.71,912.42,051.12,222.5
1,855.31,890.21,942.31,961.5
1,997.02,031.92,068.42,107.0
2,134.22,209.52,245.92,300.1
77.345.867.0
71.080.888.699.4
108.2119.5143.8161.7174.7178.1
192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8
324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8
621.7672.2737.1812.0888.1976.4
1,084.31,204.41,346.51,507.2
1,668.11,857.21,991.92,158.6
1,802.81,835.81,886.11,904.1
1,938.91,972.82,008.82,046,9
2,073.02,147.02,181,12,233.1
.9
.7
.5
!5
LO1.41.7
2.32.52.93.63.84.45.15.55.66.1
7.07.37.88.89.9
11.112.012.513.815.6
16.717.719.522.324.124.426.730.737.445.5
49.654.358.162.7
51.753.555.356.5
57.057.858.559.1
60.261.463.665.8
0.3.2.2
.2
.2
.1
.2
.4
.5
.7
.7
.7
.5
.4
.4
.4
.5
.5
.4
.5
.5
.4
.4
.4
.4
.5
.6
.6
.7
.7
.9
.8
.9
1.11.11.11.31.0.9.9.9
3.3- 0 . 9
2.2
3.410.327.232.936.628.713.75.2
11.17.5
11.916.117.418.517.016.421.322.323.621.1
19.723.023.321.929.633.736.044.341.940.6
55.860.752.679.085.194.382.578.089.496.7
110.2135.3125.4113.1
112.2120.2149.7159.0
130.8127.1123.0120.8
121.791.5
115.8123.5
96.0102.096.9
35.588.876.775.374.880.891.496.994.196.0
94.292.992.792.793.494.092.792.892.693.8
94.493.794.094.693.392.993.091.992.993.6
92.091.993.591.491.591.493.194.193.994.1
94.093.494.295.2
94.394.092.892.5
93.994.194.494.6
94.696.095.194.9
93.8100.595.6
94.287.676.074.774.380.190.595.993.094.8
92.991.691.391.191.792.390.890.990.791.8
92.391.691.892.390.990.590.589.590.591.1
89.489.491.088.889.089.190.891.791.391.3
91.290.791.592.4
91.691.390.289.8
91.191.491.791.9
91.993.392.492.1
Source: Department of Commerce, Bureau of Economic Analysis.
248Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-24.—Total and per capita disposable personal income and personal consumption expenditures in
current and 1972 dollars, 1929-83
[Quarterly data at seasonally adjusted annual rates, except as noted]
Year or quarter
Disposable personal income
Total (billions ofdollars)
Currentdollars
1S72dollars
Per capita(dollars)
Currentdollars
1972dollars
Personal consumption expenditures
Total (billions ofdollars)
Currentdollars
1972dollars
Per capita(dollars)
Currentdollars
1972dollars
Popula-tion
(thou-sands) 1
82.445.670.0
75.392.2
116.6133.0145.6149.1158.9168.7188.0187.9
206.6226.0237.7252.2257.1275.0292.9308.6319.0338.4
352.0365.8386.8405.9440.6475.8513.7547.9593.4638.9
1,828.92,047.62,176.52,335.6
1,967.62,010.42,092.02,120.5
2t127.92,159.02,191.52,227.8
2,255.92,301.02,361.72,423.6
229.5169.6229.8
244.0277.9317.5332.1343.6338.1332.7318.8335.8336.8
362.8372.6383.2399.1403.2426.8446.2455.5460.7479.7
489.7503.8524.9542.3580.8616.3646.8673.5701.3722.5
751.6779.2810.3864.7857.5874.9906.8942.9988.8
1,015.7
1,021.61,054.71,060.21,094.3
1,040.71,045.61,068.11,064.3
1,055.11,060.21,059.31,066.1
1,073.81,083.01,100.11,120.3
676363534
570691865973
1,0521,0661,1241,1701,2821,259
1,3621,4651,5151,5811,5831,6641,7411,8021,8321,911
1,9471,9912,0732,1442,2962,4482,6132,7572,9563,152
3,3903,6203,8604,3154,6675,0755,4775,9656,6217,331
8,0328,9069,3779,968
8,5888,7579,0889,188
9,1999,3159,4309,562
9,6619,834
10,06910,307
1,88313491,754
1,8472,0832,3542,4292,4832,4162,3532,2122,2902,257
2,3922,4152,4412,5012,4832,5822,6532,6602,6452,709
2,7092,7422,8132,8653,0263,1713,2903,3893,4933,564
3,6653,7523,8604,0804,0094,0514,1584,2804,4414,512
4,4874,5874,5674,671
4,5434,5544,6404,612
4,5624,5744,5584,576
4,5994,6294,6904,764
77.345.867.0
71.080.888.699.4
108.2119.5143.8161.7174.7178.1
192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8
324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8
621.7672.2737.1812.0888.1976.4
1,084.31,204.41,346.51,507.2
1,668.11,857.21,991.92,158.6
1,802.81,835.81,886.11,904.1
1,938.91,972.82,008.82,046.9
2,073.02,147.02,181.12,233.1
215.1170.5219.8
229.9243.6241.1248.2255.2270.9301.0305.8312.2319.3
337.3341.6350.1363.4370.0394.1405.4413.8418.0440.4
452.0461.4482.0500.5528.0557.5585.7602.7634.4657.9
672.1696.8737.1767.9762.8779.4823.1864.3903.2927.6
931.8956.8970.2
1,011.4
953.6954.7962.9955.7
961.4968.8971.0979.6
986.71,010.61,016.01,032.2
634364511
537605657727781854
1,0171,1221,1921,194
1,2661,3421,3831,4391,4521,53515811,6371,6621,755
1,7971,8231,9041,9792,0872,2142,3662,4672,6742,870
3,0313,2373,5113,8314,1524,5214,9725,4686,0486,695
7,3268,0788,5819,213
7,8697,9968,1948,250
8,3828,5118,6448,785
8,8789,1769,2999,497
1,7651,3561,678
1,7401,8261,7881,8151,8441,9362,1292,1222,1292,140
2,2242,2142,2302,2772,2782,3842,4102,4162,4002,487
2,5012,5112,5832,6442,7512,8682,9793,0323,1603,245
3,2773,3553,5113,6233,5663,6093,7743,9244,0574,121
4,0934,1614,1804,317
4,1624,1594,1834,141
4,1564,1794,1794,204
4,2264,3194,3324,390
121,878125,690131,028
132,122133,402134,860136,739138,397139,928141,389144,126146,631149,188
151,684154,287156,954159,565162,391165,275168,221171,274174,141177,073
180,760183,742186,590189,300191,927194,347196,599198,752200,745202,736
205,089207,692209,924211,939213,898215,981218,086220,289222,629225,106
227,694229,916232,118234,297
229,097229,580230,187230,797
231,304231,790232,387232,990
233,501233,984234,564235,138
1 Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1960. Annual data are forJuly 1 through 1958 and are averages of quarterly data beginning 1960. Quarterly data are averages for the period. Data beginning1970 reflect results of the 1980 census of population.
. Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).
249Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-25.—Gross saving and investment, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
Gross saving
Total
Gross private saving
Total Personalsaving
Grossbusinesssaving*
Government surplus ordeficit ( - ) , national income
and product accounts
Total FederalStateandlocal
Capitalgrants
receivedby theUnitedStates(net ) 2
Gross investment
Total
Grossprivate
domesticinvest-ment
Netforeigninvest-ment 3
1929193319391940194119421943194419451946194719481949
1950195119521953195419551956195719581959
15.9.9
19601961196219631964196519661967196819691970197119721973197419751976197719781979
1980198119821983 »1981:
IIIIllIV
1982:I
IV....1983:
IIIIV..
8.813.518.610.75.42.45.2
35.141749.835.6
50.756.951.049.850.967.575.975.262.678.3
81.178.786.793.6104.0120.2127.3125.7136.0153.6
148.9161.6186.6235.5227.8218.9257.9309.1374.8422.7
405.9483.8405.8436.0
461.8475.8507.6490.1
434.4439.5397.9351.3
398.5420.6455.4
14.92.2
11.014.222.442.049.654.344.729.627.341.439.042.750.854.856.758.164.470.774.375.379.978.083.090.592.9
106.3119.7128.6139.9142.0143.6
158.6180.3189.2227.7234.5282.7294.4326.9374.0407.3435.4509.6521.6567.8
468.8485.2531.6552.8
514.1520.7524.9526.6
541.5535.0587.2
3.3- . 92.23.4
10.327.232.936.628.713.75.2
11.17.5
11.916.117.418.517.016.421.322.323.621.119.723.023.321.929.633.736.044.341.940.6
55.860.752.679.085.194.382.578.089.496.7
110.2135.3125.4113.1
112.2120.2149.7159.0
130.8127.1123.0120.8
121.791.5
115.8123.5
11.63.1
10.812.114.816.717.616.015.922.130.231.530.734.837.438.241.147.949.452.051.758.7
58.360.067.271.076.786.092.795.6
100.0103.0102.8119.7136.6148.7149.4188.4211.9248.9284.6310.6325.2374.3396.1454.8
356.6365.1381.9393.8
383.3393.6401.9405.8
419.8443.5471.4
1.0-1 .4-2.2- . 7
-3 .8= 31.4=44.1-51.8-39.5
5.414.48.4
-3 .48.06.1
-3 .8-6 .9- 7 . 1
3.15.2
.9-12.6-1 .6
3.1-4 .3-3 .8
.7-2 .3
.5-1 .3
-14.2-6 .0
9.9-10.6-19.4-3 .3
7.8-4.7
-63.8-36.5-17.8
.814.3
-30.7-26.9
-115.8-131.8
-8 .1-10.6-25.2-63.7
-79.7-81.2
-127.0-175.3
-142.9-114.4-131.8
1.2-1 .3-2 .2-1 .3- 5 . 1
-33.1-46.6-54.5-42.1
3.513.48.3
-2 .69.26.5
-3 .7- 7 . 1-6 .0
4.46.12.3
-10.3-1 .1
3.0-3 .9-4 .2
.3- 3 . 3
.5-1 .8
-13.2-6 .0
8.4-12.4-22.0-16.8-5 .6
-11.5-69.3-53.1-45.9-29.5-16.1-61.2-62.2
-147.1-182.9
-43.4-47.3-62.4-95.8
-108.5-113.2-158.3-208.2
-183.3-166.1-187.3
- 0 . 2
~'.Q
.61.31.82.52.72.61.91.0.1
- 7-1 .2
- . 4- . 0
.1-1 .1- 1 . 3
- . 9-1 .4-2 .4
~A.5
~!o- i l l
.11.51.92.6
13.513.46.85.5
16.628.030.330.430.635.331.351.0
35.336737.332.0
28.832.031.332.9
40.451.755.5
0.9.7.7.0
«-2.0.0.0.0.0
1.11.21.1.0.0
1.11.11.11.1
.0
.0
.0
.0
.0
.0
.0
.0
17.01.6
10.314.719.29.83.75.29.3
35.643.248.336.252.060.152.752.152.968.873.874.062.877.078778.688.895.3
104.2119.01287125.4133.91497
147.41657189.9236.3231.5224.4263.0310.4372.3421.2408.2478.9406.2436.1
466.8471.6495.54817
427.7441.3400.5355.5
397.4417.1457.9472.0
16.21.49.3
13.117.99.95.87.2
10.630.734.045.935.353.859.252.153.352.768.471.069.261.978.175.974.885.490.997.4
113.5125.7122.8133.3149.3
144.2166.4195.0229.82287206.1257.9324.1386.6423.0
401.9474.9414.5471.3
455.5472.1495.8476.2
422.9432.5425.3377.4
404.1450.1501.1529.8
0.8.2
1.01.51.3
- . 1- 2 . 1-2 .0-1 .3
4.99.32.4.9
-1 .8.9.6
-1 .3
A2.84.8
.9-1 .2
2.83.83.44.46.85.43.02.6
.6
.43.2
- 7- 5 . 1
6.52.9
18.35.1
-13.6-14.3
-1 .88.34.0
-8 .3-35.2
11.3- . 5- . 35.5
4.887
-24.8-21.9
-6 .7-33.0-43.2-57.8
1 Undistributed corporate profits with inventory valuation and capital consumption adjustments, corporate and noncorporate capitalconsumption allowances with capital consumption adjustment, and private wage accruals less disbursements.
2 Allocations of special drawing rights (SDRs), except as noted in footnote 4.9 Net exports of goods and services less net transfers to foreigners and interest paid by government to foreigners plus capital grants
received by the United States, net.4 In February 1974, the U.S. Government paid to India $2,010 million in rupees under provisions of the Agricultural Trade
Development and Assistance Act. This transaction is being treated as capital grants paid to foreigners, i.e., a - $ 2 . 0 billion entry incapital grants received by the United States, net.
Source: Department of Commerce, Bureau of Economic Analysis.
250Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-26.—Saving by individuals, 1946-83 *
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter Total
Increase in financial assets
Total
Check-able
depos-its
andcur-
rency
Timeandsav-ingsde-
posits
Moneymarket
fundshares
Govern-ment
securi-ties2
Securities
Corpo-rateequi-ties3
Othersecuri-ties4
Insur-anceand
pensionre-
serves5
Otherfinan-
cialas-
sets6
Owner-occu-pied
homes
Net investment i n 1
Con-sumerdura-bles
Non-cor-
poratebusi-nessas-
sets8
Less: Net increase indebt
Mort-gagedebton
non-farm
homes
Con-sumercredit
Otherdebt 8 9
1946194719481949
24.620.124.320.9
18.813.29.19.9
5.6.1
- 2 . 9- 2 . 0
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
198019811982
1981:I
IV
1982:IIIIllIV
1983:
ii"Z
30.634.731.332.528.2
34.137.236.534.138.0
36.735.942.046756.8
65.072.877.080.571.5
86.495.6
109.3132.0128.3
153.0165.1169.5196.0202.9
236.1286.7306.9
222 2259.8320.8344.0
287.0272.5334.7333.1
320.7255.6292.5
13.719.123.222.822.2
28.030.228.631.637.4
32.135.440.146.655.7
58.857.969.875.665.2
81.5102.1131.5148.5147.3
174.3210.5235.4275.3293.6
323.1354.2365.2
294.0356.4379.8386.3
316.2347.1389.6409.9
414.6405.4439.:
1.61.02.2
1.21.8
- . 43.81.0
1.0- . 9
- 1 . 24.25.3
7.62.49.9
11.1- 2 . 5
8.912.213.914.17.4
6.915.720.122.522.0
3.825.823.0
42.76.25.5
25.9.7
19.945.2
75.450.817.1
7.88.19.1
8.69.4
11.913.911.0
12.018.326.126.226.1
27.819.035.331.1
9.1
43.667.774.463.655.7
83.4107.5107.5100.378.5
125.666.3
120.5
21.092.688.962.7
113.397.987.0
183.3
272.8163.2218.0
2.4
1.3- . 0
.26.9
34.4
29.2107.524.7
148.459.9
137.384.3
38.240.588.1
-68.1
-105 .2- 6 2 . 7
- 6 . 5
- 1 . 51.61.31.8
- . 1- . 62.52.51.0
5.83.92.3
- 2 . 510.1
2.21.41.3.6
4.8
3.711.3
- 1 . 25.2
25.9
-5 .4-12.2
2.724.228.3
25.011.718.233.656.0
39.558.159.7
3.089.773.066.7
54.064.137.881.8
22.196.850.0
.3- 2 . 1- 2 . 6
- 2 . 1- . 7
- 4 . 7- 7 . 5- 2 . 8
- 1 . 7- 5 . 5- 5 . 1- 5 . 8- . 6
- 3 . 8-4 .6- 3 . 5- 5 . 1
-15.2
.0-31 .6
3.5
-17.9-28.6-55.8-24.3
-8 .612.2
10.0
7.628.67.9
- 0 . 9- . 8
.0
- . 7.3.0
.81.21.01.1
2.4.1.1
1.4. .4
1.32.45.27.9
10.0
6.96.54.9
11.16.8
4.48.66.5
13.613.9
-2 .6- 7 . 3
-17.6
-14.4-5 .9
- 2 0 . :11.8
-33.9-29.4
-16.4-27.3
3.2
5.35.45.35.6
6.96.37.77.97.8
8.59.59.5
10.411.9
11.512.112.713.916.1
16.919.218.619.821.5
23.927.429.433.036.2
43.552.467.473.868.2
89.6101.8120.4
76.7103.5117.7109.4
104.3120.5119.6137.2
145.9140.6139.8
2.82.42.21.6
1.91.92.02.12.1
2.12.52.83.53.3
3.64.33.22.93.2
3.74.46.78.14.0
5.45.8
11.48.3
11.1
13.619.218.929.635.8
37.933.630.9
34.639.133.727.0
22.940.637.027.6
15.49.7
3.66.79.18.4
11.811.711.312.312.7
16.715.613.212.316.3
14.812.713.514.315.0
13.511.715.716.3
13.620.728.031.025.2
23.536.153.265.771.8
52.648.326.1
53.052.247.940.2
28.328.524.227.4
32.545.656.8
6.19.09.8
10.6
14.811.38.6
10.17.1
12.28.57.73.67.3
7.04.38.5
11.815.0
20.223.121.127.026.3
20.026.634.640.428.4
26.540.049.656.752.5
32.839.735.3
45.838.445.229.4
35.536.933.135.5
36.450.651.5
2.31.86.91.8
6.84.52.31.01.9
2.91.22.72.65.0
3.64.77.59.89.2
13.310.810.210.012.7
11.517.520.626.610.6
5.83.3
14.;23.322.4
3.42?J21.530.126.621.0
11.75.62.3
8.24.8
- 4 . 7
3.64.74.64.4
6.76.66.27.68.7
12.211.28.99.5
12.8
11.712.214.116.217.5
17.013.812.516.918.6
14.126.241.446.538.0
40.661.490.8
111.5121.2
98.378.855.8
97.271.857.6
64.947.655.057.7
89.1106.3127.8
3,13.73.23.2
4.81.65.34.21.5
7.23.92.9
.58.0
4.42.56.38.99.8
10.66.55.7
11.510.8
5.414.719.824.3
9.9
9.625.440.248.845.4
4.924.118.3
26.331.532.36.3
2.635.911.123.6
28.149.549.1
- 0 . 42.22.82.2
5.03.72.71.95.5
6.43.23.86.07.2
4.96.57.2
10.710.8
14.312.217.619.219.4
20.730.344.243.835.4
26.937.951.964.770.8
72.677.453.5
77.488.674.569.0
33.768.151.760.7
53.895.173.4
1 Saving by households, personal trust funds, nonprofit institutions, farms, and other noncorporate business.2 Consists of U.S. savings bonds, other U.S. Treasury securities, U.S. Government agency securities and sponsored agency securities,
mortgage pool securities, and State and local obligations.3 Includes mutual fund shares.* Corporate and foreign bonds and open market paper.5 Private life insurance reserves, private insured and nonjnsured pension reserves, and government insurance and pension reserves.6 Consists of security credit, mortgages, accident and health insurance reserves, and nonlife insurance claims for households and of
consumer credit, equity in sponsored agencies, and nontife insurance claims for noncorporate business.7 Purchases of physical assets less depreciation.8 Includes data for corporate farms.9 Other debt consists of security credit, policy loans, and noncorporate business debt.
Source: Board of Governors of the Federal Reserve System.
251Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-27.—Number and median income (in 1982 dollars) of families and persons, and poverty status,
by race, selected years, 1947-82
Year
Families l
Num-ber
(mil-lions)
Medianincome
Below poverty levelTotal
Num-ber
(mil-lions)
Rate
Femalehouseholder
Num-ber
(mil-lions)
Rate
Persons. below
poverty level
Num-ber
(mil-lions)
Rate
Median income of persons 14 years oldand nup.r with income 2
Males
Altpersons
Year-round
full-timeworkers
Females
Allper-sons
Year-roundfull-time
work-ers
ALL RACES
1947
1950
195519601961196219631964
19651966 319671968196919701971197219731974 3
19751976197719781979 *
198019811982
WHITE
19701971197219731974 3
19751976197719781979 4
198019811982
BLACK
19701971197219731974 3
19751976197719781979 *
198019811982
37.2
39.9
42.945.546.447.147.548.0
48.549.250.150.851.6
52.253.354.455.155.7
56.256.757.257.859.6
60.361.061.4
46.547.648.548.949.4
49.950.150.550.952.2
52.753.353.4
4.95.25.35.45.5
5.65.85.85.96.2
6.36.46.5
$13,098
13,308
15,92618,31718,50419,00519,70120,442
21,28322,40222,93423,94924,837
24,52824,51325,64826,17525,254
24,60425,36325,50026,09926,047
24,62623,76123,433
25,44525,43526,64727,35726,244
25,58926,34526,66427,17627,180
25,65824,95924,603
15,60815,34915,83715,78915,671
15,74415,67115,23216,09615,391
14,84614,07913,598
8.28.48.17.67.2
6.75.85.75.05.0
5.35.35.14.84.95.55.35.35.35.5
6.26.97.5
3.73.83.43.23.4
3.83.63.53.53.64.24.75.1
1.51.51.51.51.51.51.61.61.61.71.82.02.2
18.118.117.215.915.0
13.911.811.410.09.7
10.110.09.38.88.8
9.79.49.39.19.210.311.212.2
8.07.97.16.66.87.77.17.06.96.98.08.89.6
29.528.829.028.126.927.127.928.227.527.828.930.833.0
2.02.02.02.01.8
1.91.71.81.81.8
2.02.12.22.22.32.42.52.62.72.63.03.33.4
.8
.91.01.01.01.01.11.21.21.21.31.41.5
42.442.142.940.436.4
38.433.133.332.332.7
32.533.932.732.232.132.533.031.731.430.432.734.636.3
25.026.524.324.524.8
25.925.224.023.522.325.727.427.9
54.353.553.352.752.250.152.251.050.649.449.452.956.2
39.939.638.636.436.1
33.228.527.825.424.125.425.624.523.023.4
25.925.024.724.526.129.331.834.4
17.517.816.215.115.7
17.816.716.416.317.219.721.623.5
7.57.47.77.47.27.57.67.77.68.18.69.29.7
22.221.921.019.519.0
17.314.714.212.812.1
12.612.511.911.111.212.311.811.611.411.7
13.014.015.0
9.99.99.08.48.6
9.79.18.98.719.010.211.112.0
33.532.533.331.430.331.331.131.330.631.032.534.235.6
$9,63510,30412,10413,29913,51713,95114,22114,460
15,36715,78116,05416,59116,927
16,58016,45217,18917,49816,54315,877.15,98316,12416,17915,664
14,67814,29913,950
17,42817,24818,02918,36017,33016,67916,84916,88916,94516,36315,61215,17214,748
10,33410,28610,92011,10610,7389,97110,14510,02210,15110,299
9,3829,0228,838
$15,28917,71218,27118,59219,13819,554
20,18520,68721,07221,68022,823
22,83022,95424,31424,90923,80523,19623,49924,00423,76423,244
22,45921,96121,655
23,48323,60025,19125,63024,26923,73224,20024,49524,20523,915
23,10022,47622,232
15,99616,13817,01117,27417,38717,66117,33216,88718,53917,38216,25315,90315,790
$4,394
3,821
4,0374,1114,1284,2834,3264,509
4,6534,8735,2075,6025,613
5,5615,7395,9976,0736,033
6,0716,0636,2776,0195,787
5,7635,7935,887
5,6335,8346,0366,1326,101
6,1346,1146,3736,0915,842
5,7955,8575,967
5,1285,1125,6395,5345,508
5,5725,7625,5035,4355,350
5,3655,2045,263
$9,86010,74110,78111,03211,21111,546
11,67511,97412,13612,67413,368
13,52313,58713,96614,09214,042
13,84314,09414,03914,26414,004
13,57813,22113,663
13,76113,74514,24014,33114,161
13,87614,20214,12814,39914,127
13,70913,44113,847
11,27612,13612,18212,15313,069
13,25713,27813,20513,34513,016
12,78612,13912,376
^ h e term "family" refers to a group of two or more persons related by blood, marriage, or adoption and residing together; all suchpersons are considered members of the same family. Beginning 1979 based on householder concept and restricted To primary families,
beginning 1979, data are for persons 15 years and over.3 Based on revised methodology; comparable with succeeding years.4 Based on 1980 census population controls; comparable with succeeding years.
Note.—The poverty level is based on the poverty index adopted by a Federal interagency committee in 1969. That index reflecteddifferent consumption requirements for families based on size and composition, sex and age of family householder, and farm-nonfarmresidence. Minor revisions implemented in 1981 eliminated variations in the poverty thresholds based on two of these variables, farm-nonfarm residence and sex of householder. The poverty thresholds are updated every year to reflect changes in the consumer priceindex. For further details see "Current Population Reports," Series P-60, No. 138.
Source: Department of Commerce, Bureau of the Census.
252Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY
T A B L E B-28.—Population by age groups, 1929-83[Thousands of persons]
July 1 TotalAge (years)
Under 5 5-15 16-19 20-24 25-44 45-64 65 andover
1929
1933
1939
19401941194219431944
19451946194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983
121,767
125,579
130,880
132.1221331402134,860136,739138,397
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
205,052207,661209,896211,909213,854
215,973218,035220,239222,585225,055
227,704229,849232,057234,249
11,734
10,612
10,418
10,57910,85011,30112,01612,524
12,97913,24414,40614,91915,607
16,41017,33317,31217,63818,057
18,56619,00319,49419,88720,175
20,34120,52220,46920,34220,165
19,82419,20818,56317,91317,376
17,16617,24417,10116,85116,487
16,12115,61715,56415,73516,063
16,45716,94317,372
26,800
26,897
25,179
24,81124,51624,23124,09323,949
23,90724,10324,46825,20925,852
26,72127,27928,89430,22731,480
32,68233,99435,27236,44537,368
38,49439,76541,20541,62642,297
42,93843,70244,24444,62244,840
44,81644,59144,20343,58242,989
42,50842,09941,29840,42839,552
38,82038,04637,620
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
10,68311,02511,18012,00712,736
13,51614,31114,20014,45214,800
15,28915,68816,03916,44616,769
17,01717,19417,27617,28817,242
17,13616,68216,205
10,694
11,152
11,519
11,69011,80711,95512,06412,062
12,03612,00411,81411,79411,700
11,68011,55211,35011,06210,832
10,71410,61610,60310,75610,969
11,13411,48311,95912,71413,269
13,74614,05015,24815,78616,480
17,20218,15918,15318,52118,975
19,52719,98620,49920,94621,297
21,61221,94621,935
35,862
37,319
39,354
39,86840,38340,86141,42042,016
42,52143,02743,65744,28844,916
45,67246,10346,49546,78647,001
47,19447,37947,44047,33747,192
47,14047,08447,01346,99446,958
46,91247,00147,19447,72148,064
48,47348,93650,48251,74953,051
54,30255,85257,56159,40061,379
63,47465,49667,625
21,076
22,933
25,823
26,24926,71827,19627,67128,138
28,63029,06429,49829,93130,405
30,84931,36231,88432,39432,942
33,50634,05734,59135,10935,663
36,20336,72237,25537,78238,338
38,91639,53440,19340,84641,437
41,99942,48242,89843,23543,522
43,80144,00844,15044,28644,390
44,49344,47644,474
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
16,67517,08917,45717,77818,127
18,45118,75519,07119,36519,680
20,10720,56121,02021,52522,061
22,69623,27823,89224,50225,134
25,71426,26026,824
Note.—Includes Armed Forces overseas beginning 1940. Includes Alaska and Hawaii beginning 1950.
Source: Department of Commerce, Bureau of the Census.
253
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TABLE B-29-—Population and the labor force, 1929-83
[Monthly data seasonally adjusted, except as noted]
Period
Civiliannoninsti-tutionalpopula-tion1
Resi-dent
ArmedForces *
Laborforce
includ-ing
resi-dent
ArmedForces
Employ-ment
includingresidentArmedForces
Civilian labor force
Total
Employment
Total Agri-cultural
Nonagri-cultural
Unemploy-ment
Unemploy-ment rate
Allwork-
Civil-ian
work-ers
Labor forceparticipation
rate
Total3
1929...
1933...
1939...
19401941194219431944
194519461947
194719481949
1950195119521953 *..1954
19551956....195719581959
I960'..19611962 ̂..19631964
19651966196719681969....
197019711972 5..1973«..1974
1975197619771978»..1979
1980198119821983
Thousands of persons 14 years of age and over Percent
99,84099,90098,64094,64093,220
94,090103,070106,018
101,827103,068103,994
104,995104,621105,231107,056108,321
109,683110,954112,265113,727115,329
117,245118,771120,153122,416124,485
126,513128,058129,874132,028134,335
137,085140,216144,126147,096150,120
153,153156,150159,033161,910164,863
167,745170,130172,271174,215
49,180 47,630 10,450
51,590
55,230
55,64055,91056,41055,54054,630
53,86057,52060,168
38,760
45,750
47,52050,35053,75054,47053,960
52,82055,25057,812
10,090
9,610
9,5409,1009,2509,0808,950
8,5808,3208,256
37,180
28,670
36,140
37,98041,25044,50045,39045,010
44,24046,93049,557
Thousands of persons 16 years of age and over
1,1692,1432,3862,2312,142
2,0641.9G51,9481,8471,788
1,8611,9002,0612,0062,018
1,9462,1222,2182,2532,238
2,1181,9731,8131,7741,721
1,6781,6681,6561,6311,597
1,6041,6451,6681,676
63,37764,16064,52465,24665,785
67,08768,51768,87769,48670,157
71,48972,35972,67573,83975,109
76,40177,89279,56580,99082,972
84,88986,35588,84791,20393,670
95,45397,826100,665103,882106,559
108,544110,315111,872113,226
60,08762,10462,63663,41062,251
64,23465,76466,01964,88366,418
67,63967,64668,76369,76871,323
73,03475,01776,59078,17380,140
80,79681,34083,96686,83888,515
87,52490,42093,67397,679100,421
100,907102,042101,194102,510
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
82,77184,38287,03489,42991,949
93,77596,15899,009102,251104,962
106,940108,6/0110,204111,550
57,03858,34357,651
58,91859,96160,25061,17960,109
62,17063,79964,07163,03664,630
65,77865,74666,70267,76269,305
71,08872,89574,37275,92077,902
78,67879,36782,15385,06486,794
85,84688,75292,01796,04898,824
99,303100,39799,526
100,834
7,8907,6297,658
7,1606,7266,5006,2606,205
6,4506,2835,9475,5865,565
5,4585,2004,9444,6874,523
4,3613,9793,8443,8173,606
3,4633,3943,4843,4703,515
3,4083,3313,2833,3873,347
3,3643,3683,4013,383
49,14850,71449,993
51,75853,23553,74954,91953,904
55,72257,51458,12357,45059,065
60,31860,54661,75963,07664,782
66,72668,91570,52772,10374,296
75,21575,97278,66981,59483,279
82,43885,42188,73492,66195,477
95,93897,03096,12597,450
1,550
12,830
9,480
8,1205,5602,6601,070
670
1,0402,2702,356
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
4,0935,0164,8824,3655,156
7,9297,4066,9916,2026,137
7,6378,273
10,67810,717
5.23.22.92.85.4
4.34.04.26.65.3
5.46.55.45.55.0
4.43.73.73.53.4
4.85.85.54.85.5
8.37.66.96.05.8
7.07.59.59.5
3.2
24.9
17.2
14.69.94.71.91.2
1.93.93.9
3.93.35.9
5.33.33.02.95.5
4.44.14.36.85.5
5.56.75.55.75.2
4.53.83.83.63.5
4.95.95.64.95.6
8.57.77.16.15.8
7.17.69.79.6
59.760.160.059.759.6
60.060.760.360.159.9
60.060.059.559.359.4
59.559.860.260.360.8
61.060.760.961.361.7
61.662.062.663.564.0
64.164.264.364.4
See next page for continuation of table.
254
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TABLE B-29.—Population and the labor force, 1929-83—Continued
[Monthly data seasonally adjusted, except as noted]
Period
Civiliannoninsti-tutionalpopula-tion1
Resi-dent
ArmedForces *
Laborforce
includ-ing
resi-dent
ArmedForces
Employ-ment
includingresidentArmedForces
Civilian labor force
Total
Employment
Total culturalNonagri-cuttural
Unemploy-ment
Unemploy-ment rate
Allwork-ers2
Civil-ian
work-ers
Labor forceparticipation
rate
Total2 Civil-ian4
Thousands of persons 16 years of age and over Percent
1981:JanFebMar...
May....June...
July....Aug....Sept...OctNov....Dec...
1982:JanFebMar....AprMay....June...
July....Aug....Sept...OctNov....Dec...
1983:JanFebMar...,AprMay...,June..,
July...,Aug...Sept..OctNov...,Dec...
169,104169,280169,453169,641169,829170,042
170,246170,399170,593170,809170,996171,166
171,335171,489171,667171,844172,026172,190
172,364172,511172,690172,881173,058173,199
173,354173,505173,656173,794173,953174,125
174,306174,440174,602174,779174,951175,121
1,6321,6321,6361,6331,6271,629
1,6481,6641,6611,6541,6591,665
1,6561,6641,6711,6681,6651,664
1,6741,6891,6701,6681,6601,665
1,6671,6641,6641,6711,6691,668
1,6641,6821,6951,6951,6851,688
109,657109,899110,233110,598110,834110,063
110,237110,345109,918110,631110,828110,547
110,731111,167111,335111,569112,207111,797
112,073112,162112,349112,358112,583112,538
112,344112,352112,399112,646112,619113,573
113.489113,799113,924113,561113,720113,824
101,583101,849102,245102,707102,723102,008
102,353102,302101,674101,978101,814101,250
101,338101,474101,425101,266101,844101,317
101,177101,252101,082100,814100,696100,644
100,821100,836100,980101,277101,431102,411
102,889103,166103,571103,665104,291104,629
108,025108,267108,597108,965109,207108,434
108,589108,681108,257108,977109,169108,882
109,075109,503109,664109,901110,542110,133
110,399110,473110,679110,690110,923110,873
110,677110,688110,735110,975110,950111,905
111,825112,117112,229111,866112,035112,136
99,951100,217100,609101,074101,096100,379
100,705100,638100,013100,324100,15599,585
99,68299,81099,75499,598100,17999,653
99,50399,56399,41299,14699,03698,979
99,15499,17299,31699,60699,762100,743
101,225101,484101,876101,970102,606102,941
3,4213,3553,3673,5363,3763,340
3,3053,3653,3573,3933,4103,231
3,3813,3913,3803,3753,4533,339
3,4173,3803,3663,4433,4993,429
3,4203,4153,3863,3923,3743,479
3,4993,4493,3083,2403,2573,356
96,53096,86297,24297,53897,72097,039
97,40097,27396,65696,93196,74596,354
96,30196,41996,37496,22396,72696,314
96,08696,18396,04695,70395,53795,550
95,73495,75795,93096,21496,38897,264
97,72698,03598,56898,73099,34999,585
8,0748,0507,9887,8918,1118,055
7,8848,0438,2448,6539,0149,297
9,3939,6939,91010,30310,36310,480
10,89610,91011,26711,54411,88711,894
11,52311,51611,41911,36911,18811,162
10,60010,63310,3539,8969,4299,195
7.47.37.27.17.37.3
7.27.37.57.88.18.4
8.58.78.99.29.29.4
9.79.7
10.010.310.610.6
10.310.210.210.19.99.8
9.39.39.18.78.38.1
7.57.47.47.27.47.4
7.37.47.67.98.38.5
8.68.99.09.49.49.5
9.99.9
10.210.410.710.7
10.410.410.310.210.110.0
9.59.59.28.88.48.2
64.264.364.464.664.664.1
64.164.163.864.164.264.0
64.064.264.264.364.664.3
64.464.464.464.464.464.4
64.264.164.164.264.164.6
64.564.664.664.364.464.4
63.964.064.164.264.363.8
63.863.863.563.863.863.6
63.763.963.964.064.364.0
64.164.064.164.064.164.0
63.863.863.863.963.864.3
64.264.364.364.064.064.0
1 Not seasonally adjusted.2 Unemployed as percent of labor force including resident Armed Forces.3 Labor force including resident Armed Forces as percent of noninstitutional population including resident Armed Forces.4 Civilian labor force as percent of civilian noninstitutional population.6 Not strictly comparable with earlier data due to population adjustments as follows: Beginning 1953, introduction of 1950 census
data added about 600,000 to population and about 350,000 to labor force, total employment, and agricultural employment. Beginning1960, inclusion of Alaska and Hawaii added about 500,000 to population, about 300,000 to labor force, and about 240,000 tononagricultural employment. Beginning 1962, introduction of 1960 census data reduced population by about 50,000 and labor force andemployment by about 200,000. Beginning 1972, introduction of 1970 census data added about 800,000 to civilian noninstitutionalpopulation and about 333,000 to labor force and employment. A subsequent adjustment based on 1970 census in March 1973 added60,000 to labor force and to employment. Beginning 1978, changes in sampling and estimation procedures introduced into thehousehold survey added about 250,000 to labor force and to employment. Unemployment levels and rates were not significantlyaffected.
Note.—Labor force data in Tables B-29 through B-35 are based on household interviews and relate to the calendar week includingthe 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."
Source: Department of Labor, Bureau of Labor Statistics.
255
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TABLE B-30.—Civilian employment and unemployment by sex and age, 1947-83
{Thousands of persons 16 years of age and over; monthly data seasonally adjusted]
Civilian employment Unemployment
Year ormonth Total
Males
Total 16-19years
20yearsandover
Females
Total 16-19years
20yearsandover
Total
Males
Total 16-19years
20yearsandover
Females
Total 16=19years
57,03858,34357,651
58,91859,96160,25061,17960,109
62,17063,79964,07163,03664,630
65,77865,74666,70267,76269,305
71,08872,89574,37275,92077,902
78,67879,36782,15385,06486,794
85,84688,75292,01796,04898,824
99,303100,39799,526100,834
99,68299,81099,75499,598
100,17999,653
99,50399,56399,41299,14699,03698,979
99,15499,17299,31699,60699,762
100,743
101,225101,484101,876101,970102,606102,941
40,99541,72540,925
41,57841,78041,68242,43041,619
42,62143,37943,35742,42343,466
43,90443,65644,17744,65745,474
46,34046,91947,47948,11448,818
48,99049,39050,89652,34953,024
51,85753,13854,72856,47957,607
57,18657,39756,27156,787
56,67756,75856,59456,53956,81256,166
56,07356,09956,02855,91855,81855,765
55,80355,79355,89556,05956,21656,844
57,07157,06957,27957,40757,85558,043
2,2182,3442,124
2,1862,1562,1072,1361,985
2,0952,1642,1152,0122,198
2,3612,3152,3622,4062,587
2,9183,2533,1863,2553,430
3,4093,4783,7654,0394,103
3,8393,9474,1744,3364,300
4,0853,8153,3793,300
3,5613,5483,5113,4483,5573,240
3,2113,3233,2923,2983,3103,282
3,2953,2853,2223,2293,2533,352
3,3063,2653,3323,2673,3983,385
38,77639,38238,803
39,39439,62639,57840,29639,634
40,52641,21641,23940,41141,267
41,54341,34241,81542,25142,886
43,42243,66844,29444,85945,388
45,58145,91247,13048,31048,922
48,01849,19050,55552,14353,308
53,10153,58252,89153,487
53,11653,21053,08353,09153,25552,926
52,86252,77652,73652,62052,50852,483
52,50852,50852,67352,83052,96353,492
53,76553,80453,94754,14054,45754,658
16,04516,61716,723
17,34018,18118,56818,74918,490
19,55120,41920,71420,61321,164
21,87422,09022,52523,10523,831
24,74825,97626,89327,80729,084
29,68829,97631,25732,71533,769
33,98935,61537,28939,56941,217
42,11743,00043,25644,047
43,00543,05243,16043,05943,36743!487
43,43043,46443,38443,22843,21843,214
43,35143,37943,42143,54743,54643,899
44,15444,41544,59744,56344,75144,898
1,6911,6821,588
1,5171,6111,6121,5841,490
1,5471,6541,6631,5701,640
1,7681,7931,8331,8491,929
2,1182,4682,4962,5262,687
2,7352,7302,9803,2313,345
3,2633,3893,5143,7343,783
3,6253,4113,1703,043
3,1913,2023,2163,2243,2193,174
3,1613,1403,1743,1493,1363,052
3,0963,0643,0533,0162,9633,052
3,0313,1173,0472,9933,0133,055
14,35414,93615,137
15,82416,57016,95817,16417,000
18,00218,76719,05219,04319,524
20,10520,29620,69321,25721,903
22,63023,51024,39725,28126,397
26,95227,24628,27629,48430,424
30,72632,22633,77535,83637,43438,49239,59040,08641,004
39,81439,85039,94439,83540,14840,313
40,26940,32440,21040,07940,08240,162
40,25540,31540,36840,53140,58340,847
41,12341,29841,55041,57041,73841,843
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
4,0935,0164,8824,3655,156
7,9297,4066,9916,2026,137
7,6378,273
10,67810,717
9,3939,6939,910
10,30310,36310,480
10,89610,91011,26711,54411,88711,894
11,52311,51611,41911,36911,18811,162
10,60010,63310,3539,8969,4299,195
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
2,2382,7892,6592,2752,714
4,4424,0363,6673,1423,120
4,2674,5776,1796,260
5,4115,4825,6745,8625,8946,119
6,2936,3366,6726,8286,9846,969
6,6836,7566,6736,7226,6046,409
6,2486,2006,0495,7595,4575,258
270256353
318191205184310
274269300416398
426479408501487
479432448426440
599693711653757
966939874813811
913962
1,0901,003
1,0371,0551,0591,0961,1071,054
1,0861,0911,1091,1181,1371,133
1,0601,0391,0781,0401,0211,057
1,0311,050984950861866
1,4221,3052,219
1,9221,029
9801,0192,035
1,5801,4421,5412,6812,022
2,0602,5182,0161,9711,718
1,4351,1201,060
993963
1,6382,0971,9481,6241,957
3,4763,0982,7942,3282,308
3,3533,6155,0895,257
4,3744,4274,6154,7664,7875,065
5,2075,2455,5635,7105,8475,836
5,6235,7175,5955,6825,5835,352
5,2175,1505,0654,8094,5964,392
619717
1,065
1,049834698632
1,188
9981,0391,0181,5041,320
1,3661,7171,4881,5981,581
1,4521,3241,4681,3971,429
1,8552,2272,2222,0892,441
3,4863,3693,3243,0613,018
3,3703,6964,4994,457
3,9824,2114,2364,4414,4694,361
4,6034,5744,5954,7164,9034,925
4,8404,7604,7464,6474,5844,753
4,3524,4334,3044,1373,9723,937
144153223
195145140123191
176209197262256
286349313383385
395405391412413
506568598583665
802780789769743
755800886825
865918831870901811
921906902902908
861827855867836916
828835792771757756
1 See footnote 5, Table B-29.Note.—See Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.
256
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-31.—Unemployment by duration and reason, 1947-83
[Monthly data seasonally adjusted1]
Year or monthTotalunem-ploy-ment
Duration of unemployment
Lessthan 5weeks
5-14weeks
15-2627
weeksandover
Aver-age
(mean)dura-
tion inweeks
Mediandura-
tion inweeks
Reason for unemployment
Joblosers
Jobleavers
Reen-trants en-
trants
Thousands of persons 16years of age and over
Thousands of persons 16years of age and over
194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983
1982:JanFebMar
May.;;;.;JuneJulyAugSeptOctNovDec
1983:JanFebMar
May";;;JuneJulyAugSeptOctNovDec
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
4,0935,0164,8824,3655,156
7,9297,4066,9916,2026,137
7,6378,27310,67810,717
9,3939,6939,91010,30310,36310,480
10,89610,91011,26711,54411,88711,894
11,52311,51611,41911,36911,18811,162
10,60010,63310,3539,8969,4299,195
1,2101,3001,756
1,4501,1771,1351,1421,605
1,3351,4121,4081,7531,58^
1,7191,8061,6631,7511,697
1,6281,5731,6341,5941,629
2,1392,2452,2422,2242,604
2,9402,8442,9192,8652,950
3,2953,4493,8833,570
3,8823,8093,9183,9793,9123,579
3,9873,8993,9473,8813,9613,898
3,6003,7323,5353,5953,5683,630
3,5293,6333,7403,5043,3283,382
704669
1,194
1,055574516482
1,116
815805891
1,3961,114
1,1761,3761,1341,2311,117
983779893810827
1,2901,5851,4721,3141,597
2,4842,1962,1321,9231,946
2,4702,5393,3112,937
3,0883,1163,1203,2443,3123,435
3,3303,2803,5103,4583,4853,419
3,3313,1693,1733,1393,0122,950
2,8412,9512,7842,7252,6162,504
234193428
425166148132495
366301321785469
503728534535491
404287271256242
428668601483574
1,3031,018913766706
1,0521,1221,7081,652
1,2151,4801,5981,6021,6471,646
1,7691,8591,8641,9512,1312,077
1,9541,9281,8611,6911,7741,593
1,7941,5971,3831,3721,3371,284
164US256
3571378478
317
336232239667571
454804585553482
351239177156133
235519566343381
1,2031,3481,028648535
8201,1621,7762,559
1,1821,2681,3511,5001,6121,803
1,8201,8512,0432,2502,3542,583
2,6692,6852,7262,7052,7362,893
2,6042,4812,5062,2832,1902,085
8.610.0
12.19.78.48.0
11.8
13.011.310.513.914.4
12.815.S14.714.013.3
11.810.48.78.47.8
8.611.312.010.09.8
14.215.814.311.910.8
11.913.715.620.0
13.414.114.014.414.816.0
15.416.116.617.217.418.4
19.419.119.219.220.221.4
21.319.920.220.120.219.6
4.54.4
4.96.36.25.25.2
8.48.27.05.95.4
6.56.98.7
10.1
7.27.57.78.18.49.1
9.69.8
10.110.4
11.39.8
10.410.811.910.8
10.19.49.49.59.49.0
1,2291,0701,017
1,8112,3232,1081,6942,242
4,3863,6793,1662,5852,635
3,9474,2676,2686,258
5,3145,2755,6465,9095,9166,172
6,4046,3856,8907,3597,3617,114
6,8106,8646,8486,7676,7536,525
6,2356,1335,9385,6015,2265,017
438431436
550590641683760
827903909874880
891923840830
829928876904.870841
831836784787790826
826830888816808799
752799858866868855
945909965
1,2281,4721,4561,3401,463
1,8921,9281,9631,8571,806
1,9272,1022,3842,412
2,0832,2852,2852,3482,4272,389
2,4852,4122,4432,2422,5762,684
2,5572,5052,4602,4912,4042,436
2,4152,4792,3622,3222,2502,246
396407413
504630677649681
823895953885817
872981
1,1851,216
1,0771,1191,0811,0991,1551,069
1,2231,2921,2791,3001,2421,282
1,1991,1881,1821,2511,2461,412
1,2291,2141,2341,1271,1541,150
1 Because of independent seasonal adjustment of the various series, detail will not add to totals.Note.—See footnote 5 and Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.
257
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-32.—Civilian labor force participation rate and civilian employment/population ratio, 1948-83
[Percent; monthly data seasonally adjusted]
Year or month
194819491950195119521953195419551956195719581959 .I960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831982:
JanFebMarAprMayJuneJulyAugSeptOctNovDec
1983:JanFebMarApr/ayJuneJulyAugSeptOctNovDec
Civilian labor force participation rate1
Total
58.858.959 259.359058.958859360.059 659.559 359.459 358.858 758.758 959.259 659 660.160.460.260460.861361.261662.363 263.763.863 964 064.0
63 763.963.964 064.364.064.164.064.164.064.164.0
63.863 863 863.963.864.364 264 364.364.064.064.0
Bothsexes16-19
52.552.251852.251350.248348950.949 647.446 747.547 046.245 244.545 748.248 448 349.549.949.751953.754 854.054 556.057 857.956.755 454153.5
54 254.854.254 555.552.453.253.954.154.254.553.7
53.553153 253.052.654.753 754 453.852.853.353.7
Males20
over
88.688.588 488.488 388.087 887 687.686 986.686 386.085 784.884 484.283 983.683 483.182.882.682.181681.381080.379 879.779 879.879.479 078 778.5
78 678.778.778 879.078.878.878.678.978.878.878.6
78.278 278 278.478.478.778 778 678.678.478.478.3
Fe-males
20
over
31.832.333 334.034133.934 235436.436 536.937 037.638 037.838338.939440.141141.642.743.343.343 744.445 346.047 048.149 650.651.352152 753.1
52 252.452.652 652.953.053.053.052.852.752.953.0
53.052 952 952.952.853.253 153 353.453.253.253.2
White
58 258 759.459158.958 758.858 858.358 258.258.458.759 259.359.960.260.160460.861461.561862.563 363.964.164 364 364.3
64 064.364.264 464.664.364.464.464.564.364.464.4
64.164164 064.164.064.564 464 664.664.464.564.5
Blackand
other
64 364.364.964.464.864.364.564.163.263.063.162.963.062 862.262.161.860.960 260.560 359.659 860.462 262.261.761361662.1
61161.361.561161.761.261.661.961.762.161.962.2
61.962 062 162.262.162.762 462 362.361.561.461.5
Civilian employment/population ratio2
Total
56.655.456.157.357 357.155 556.757.557.155.456.056.155.455.555.455.756.256.957 357.558.057.456.657 057.857 856.156857.959 359.959.259.057 857.9
58 258.258.158 058.257.957.757.757.657.357.257.1
57.257 257 257.357.357.958158 258.358.358.658.8
Bothsexes16-19years
47.745.245.547.946.946.442 343.545.343.939.939.940.539.139.437.437.338.942.142 242.243.442.341.343 545.946 043.344 246.148 348.546.644.641541.5
42 342.442.342142.840.640.441.241.341.341.440.7
41.241040 740.640.541.841.542 042.141.442.542.9
Males20
yearsandover
85.883.784.286.186.285.983 584.384.683.881.282.381.980.880.980.680.981.281.581581.381.179.778.578478.677 974.875.175.676.476.574.674.071.871.4
72.672.772.472 372.571.971.771.571.471.170.970.7
70.670 570 770.870.971.571.871771.872.072.372.5
Fe-males
20yearsandover
30.730.631.632.633.032.932 333.834.935.034.635.135.735.635.836.336.937.638.639 340.041.141.240.941342.242.842.343.544.846.647.748.148.648.448.8
48.448.448.448 248.548.748.648.648.448.148.148.2
48.248 248 248.448.448.648.949 049.349.249.449.4
White
"55.256.557,356.855.355.955.955.355.455.355.556.056.857.257.458.057.556.857.458.258.356.757.558.660.060.660.060.058.858.9
59.259.359.159 059.358.958.858.858.658.458.358.2
58.358 258 258.458.458.959.159 359.459.459.859.9
Blackand
other
58 05R759.5
56.757 557:95fi?56.35fi?57.057 R58.4
5R058.156.854.954155.C
51.4s?n52.5
55.253 65? 6
51.0
51 751.451.2
51.250.950.951.050.550.650.350.4
50.350 750 fi50.650.651.0
51 ?51.551.251.551.5
1 Civilian labor force as percent of civilian noninstitutional population in group specified.2 Civilian employment as percent of civilian noninstitutional population in group specified.Note.—Data relate to persons 16 years of age and over. See footnote 5 and Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.
258
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-33.— Unemployment rate, 1948-83
[Percent; monthly data seasonally adjusted]
Year ormonth
Unemploy-ment rate,
allworkers l
Unemployment rate, all workers*
Allcivil-ian
work-ers
Males
Total16-19
years
20yearsand
Females
Total16-19
years
20yearsand
Bothsexes
16-19
years
WhiteBlackand
other
Experi-encedwageand
salaryworkers
Mar-ried
men,spousepresent
19481949
1950....1951195219531954
19551956195719581959
19601961196219631964
1965196619671968....1969
1970197119721973197419751976197719781979
198019811982....1983....
1982:Jan....Feb....Mar....
wfay".June...
July....Aug....Sept...Oct....Nov....Dec...
1983:Jan....Feb. .MarADr .May .June.
July..Aug..Sept..Oct...,Nov..,Dec...,
5.23.22.92.85.4
4.34.04.26.65.3
5.46.55.45.55.0
4.43.73.73.53.4
4.85.85.54.85.58.37.66.96.05.8
7.07.59.59.5
8.58.78.99.29.29.4
9.79.7
10.010.310.610.6
10.310.210.210.19.99.8
9.39.39.18.78.38.1
8.68.99.09.49.49.5
9.99.9
10.210.410.710.7
10.410.410.310.210.110.0
9.59.59.28.88.48.2
8.78.89.19.49.49.8
10.110.110.610.911.111.1
10.710.810.710.710.510.1
9.99.89.69.18.68.3
9.814.3
12.78.18.97.9
13.5
11.611.112.417.115.3
15.317.114.717.215.8
14.111.712.311.611.4
15.016.615.913,915.620.119.217.315.815.9
18.320.124.423.3
22.622.923.224.123.724.5
25.324.725.225.325.625.7
24.324.025.124.423.924.0
23.824.322.822.520.220.4
7.67.78.08.28.28.7
9.09.09.59.8
10.010.0
8.58.98.99.39.39.1
9.69.59.69.8
10.210.2
10.09.99.99.69.5
8.312.3
11.48.38.07.2
11.4
10.211.210.614.313.5
13.916.314.617.216.6
15.714.113.514.013.3
15.617.216.715.316.619.718.718.317.116.4
17.219.021.921.3
21.322.320.521.321.920.4
22.622.422.122.322.522.8
21.821.321.922.322.023.1
21.521.120.620.520.119.8
9.213.4
12.28.28.57.6
12.6
11.011.111.615.914.6
14.716.814.717.216.2
14.812.812.912.712.2
15.316.916.214.516.019.919.017.816.416.1
17.819.623.222.4
22.022.621.922.822.922.5
24.023.623.723.924.124.3
23.122.723.623.423.023.6
22.722.821.821.620.220.1
3.55.6
4.93.12.82.75.0
3.93.63.86.14.8
5.06.04.95.04.6
4.13.43.43.23.1
4.55.45.14.35.07.87.06.25.25.1
6.36.78.68.4
7.67.88.08.38.28.4
8.79.09.29.69.6
9.19.29.18.98.88.6
8.28.28.07.77.37.1
5.98.9
9.05.35.44.59.9
8.78.37.9
12.610.7
10.212.410.910.89.6
8.17.37.46.76.4
8.29.9
10.09.09.9
13.813.113.111.911.3
13.114.217.317.8
15.416.116.616.717.016.9
17.517.518.118.618.718.9
18.918.218.618.718.518.6
17.917.917.316.716.116.3
4.36.8
6.03.73.43.26.2
4.84.44.67.35.7
5.76.85.65.65.0
4.33.53.63.43.3
4.85.75.34.55.38.27.36.65.65.5
6.97.39.39.2
8.28.48.79.19.19.2
9.59.49.8
10.110.510.5
10.110.110.09.99.89.4
9.19.18.88.58.17.9
3.5
4.61.51.41.74.0
2.62.32.85.13.6
3.74.63.63.42.8
2.41.91.81.61.5
2.63.22.82.32.75.14.23.62.82.8
4.24.36.56.5
5.45.45.66.06.16.5
6.86.87.27.57.57.5
7.27.27.17.17.06.7
6.26.36.15.75.55.2
1 Unemployed as percent of labor force including resident Armed Forces.2 Unemployed as percent of civilian labor force in group specified.3 Data for 1949 and 1951-54 are for April; 1950, for March.
Note.—Data relate to persons 16 years of age and over. See footnote 5 and Note, Table 8-29
Source: Department of Labor, Bureau of Labor Statistics.
259
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-34.—Civilian labor force participation rate by demographic characteristic, 1954-83
[Percent;1 monthly data seasonally adjusted]
Year or month
Allcivil-ian
work-ers
White
Total
Males
Total 16-19years
20yearsandover
Females
Total 16-19years
20
andover
Black and other
Total
Males
Total 16-19years
20yearsandover
Females
Totat 16-19years
1954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983
1982:JanFebMar
June
JulyAugSeptOctNovDec
1983:JanFebMarAprMay ,June
JulyAugSeptOctNovDec
58.8
59.360.059.659.559.3
59.459.358.858.758.7
58.959.259.659.660.1
60.460.260.460.861.3
61.261.662.363.263.7
63.863.964.064.0
63.763.963.964.064.364.0
64.164.064.164.064.164.0
63.863.863.863.963.864.3
64.264.364.364.064.064.0
58.2
58.759.459.158.958.7
58.858.858.358.258.2
58.458.759.259.359.9
60.260.160.460.861.4
61.561.862.563.363.9
64.164.364.364.3
64.064.364.264.464.664.3
64.464.464.564.364.464.4
64.164.164.064.164.064.5
64.464.664.664.464.564.5
85.6
85.485.684.884.383.8
83.483.082.181.581.1
80.680.780.480.2
80.079.679.679.479.4
78.778.478.578.678.6
78.277.977.477.1
77.477.677.577.677.977.3
77.377.377.677.577.577.3
76.876.976.876.976.977.3
77.377.377.377.177.377.2
57.6
58.660.459.256.555.9
55.954.553.853.152.7
54.155.956.355.956.8
57.557.960.162.062.9
61.962.364.065.064.8
63.762.460.059.4
61.260.960.660.862.757.9
58.059.559.359.360.059.5
59.159.259.158.658.959,9
59.759.960.058.659.659.8
87.8
87.587.686.986.686.3
86.085.784.984.484.2
83.983.683.583.283.0
82.882.382.081.681.4
80.780.380.280.180.1
79.879.579.278.9
79.179.379.279.379.479.3
79.279.179.479.379.279.1
78.678.778.678.778.779.0
79.078.979.078.978.978.9
33.3
34.535.735.735.836.0
36.536.936.737.237.5
38.139.240.140.741.8
42.642.643.244.145.2
45.946.948.049.450.5
51.251.952.452.7
51.952.152.252.452.652.5
52.752.652.552.452.552.6
52.652.452.352.452.252.8
52.753.053.052.852.852.9
40.6
40.743.142.240.139.6
40.340.639.838.737.8
39.242.642.543.044.6
45.645.448.150.151.7
51.552.854.556.757.4
56.255.455.054.5
54.455.254.355.955.654.3
55.154.855.455.555.354.2
55.054.354.953.953.055.4
54.655.954.553.853.954.6
32.7
34.035.135.235.535.6
36.236.636.537.037.5
38.038.839.840.441.5
42.242.342.743.544.4
45.346.247.348.749.8
50.651.552.252.5
51.651.852.052.052.352.4
52.552.452.352.152.352.5
52.452.252.152.252.252.6
52.552.752.852.752.752.8
64.3
64.364.964.464.864.3
64.564.163.263.063.1
62.963.062.862.262.1
61.860.960.260.560.3
59.659.860.462.262.2
61.761.361.662.1
61.161.361.561.161.761.2
61.661.961.762.161.962.2
61.962.062.162.262.162.7
62.462.362.361.561.461.5
85.2
85.085.184.384.083.4
83.082.280.880.280.0
79.679.078.577.676.9
76.574.973.974.0735
71.971.271.672.672.5
71.570.671.071.3
70.470.670.870.871.070.6
71.071.171.171.571.471.4
70.970.670.971.771.172.7
72.371.871.570.670.870.5
61.2
60.861.558.857.355.5
57.655.853.551.549.9
51.351.451.149.749.6
47.444.746.046.347.2
42.942.343.645.444.0
43.541.740.640.9
40.142.342.039.940.736.9
38.341.741.341.840.940.6
40.438.939.539.139.345.6
42.541.942.340.241,040.0
87.1
87.887.887.087.186.7
86.285.584.283.984.1
83.783.382.982.281.4
81.480.078.678.678.0
76.876.176.277.177.1
75.975.075.475.6
74.874.775.075.475.575.6
75.875.575.575.875.875.9
75.275.175.476.275.676.6
76.776.175.574.975.174.7
46.1
46.147.347.248.047.7
48.248.348.048.148.5
48.649.349.549.349.8
49.549.248.849.349.3
49.450,451.253.553.7
53.653.653.954.4
53.553.753.853.154.053.6
54.054.353.954.354.054.5
54.554.854.954.554.754.5
54.354.454.654.053.554.0
31.0
32.736.333.231.928.2
32.932.833.132.631.7
29.533.535.234.834.6
34.131.232.334.434.1
35.633.633.638.037.8
35.934.534.533.4
34.135.734.531.434.330.7
35.736.135.835.035.035.3
33.332.031.734.833.035.6
32.734.733.533.132.933,8
1 Civilian labor force as percent of civilian noninstitutional population in group specified.Note.—Data relate to persons 16 years of age and over.See footnote 5 and Note, Table B 29.Source: Department of Labor, Bureau of Labor Statistics.
260
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-35.—Civilian unemployment rate by demographic characteristic, 1948-83
[Percent;1 monthly data seasonally adjusted]
Year or month
Allcivil-ian
work-ers
White
Total
Males
Total 16-19years
20yearsandover
Females
Total16-19years
20
andover
Black and other
Total
Males
Total 16-19years
20yearsandover
Females
Total16-19years
19481949
19501951195219531954
1955..1956..1957..1958..1959..
I960..1961..1962..1963..1964.
19651966..196719681969
19701971 . . . .197219731974
1975...1976...1977...1978...1979...
1980...1981...1982...1983...
1982:Jan...Feb...Mar..
June..
JulyAugSeptOctNovDec
1983:Jan....Feb....Mar...Apr....May...June..
fczzSfczziNovDec
8.68.99.09.49.49.5
9.99.9
10.210.410.710.7
10.410.410.310.210.110.0
9.59.59.28.88.48.2
7.77.88.08.38.38.7
9.19.19.49.7
10.010.0
13.4
11.310.511.515.714.0
14.015.713.715.914.7
12.910.510.710.110.0
13.715.114.212.313.5
18.317.315.013.513.9
16.217.921.720.2
20.820.520.221.821.021.7
22.522.122.222.622.722.8
21.521.422.621.420.420.4
20.320.718.919.817.617.5
10.4
9.19.79.5
12.712.0
12.714.812.815.114.9
14.012.111.512.111.5
13.415.114.213.014.5
17.416.415.914.414.0
14.816.619.018.3
18.419.417.818.918.617.6
19.118.719.119.919.820.4
19.018.719.619.119.419.7
18.418.217.416.916.616.5
5.98.9
9.05.35.44.59.9
8.78.37.9
12.610.7
10.212.410.910.89.6
8.17.37.46.76.4
8.29.9
10.09.09.9
13.813.113.111.911.3
13.114.217.317.8
16.116.616.717.016.9
17.517.518.118.618.718.9
18.918.218.618.718.518.6
17.917.917.316.716.116.3
5.89.6
9.44.95.24.8
10.3
8.87.98.3
13.711.5
10.712.810.910.58.9
7.46.36.05.65.3
7.39.18.97.79.2
13.612.712.311.010.4
13.214.118.218.5
16.717.517.217.517.9
17.818.219.520.119.820.3
19.919.219.319.819.819.6
19.118.717.716.816.115.9
14.4
13.415.018.426.825.2
24.026.822.027.324.3
23.321.323.922.121.4
25.028.829.726.931.5
35.235.136.634.031.3
34.437.544.045.0
40.345.643.143.947.6
44.741.844.544.348.647.0
44.743.243.946.549.147.4
46.048.548.241.739.041.1
9.9
8.47.47.6
12.710.5
9.611.710.09.27.7
6.04.94.33.93.7
5.67.36.95.86.9
11.610.610.08.78.5
11.312.116.216.5
14.714.715.215.215.415.7
15.816.217.518.117.618.2
18.117.517.517.917.517.2
16.916.315.414.914.314.0
8.46.15.74.19.2
8.58.97.3
10.89.4
9.411.911.011.210.7
9.28.79.18.37.8
9.310.911.410.610.8
13.913.613.913.012.3
13.114.316.417.1
14.515.615.716.216.515.8
17.016.816.616.917.517.3
17.717.117.817.517.217.6
16.617.116.716.616.116.7
20.6
19.222.820.228.427.7
24.829.230.234.731.6
31.731.329.628.727.6
34.535.438.434.434.5
38.338.839.638.135.6
36.538.343.844.6
42.642.142.341.146.741.5
48.049.843.841.343.242.5
42.741.441.645.341.445.9
44.744.744.848.346.648.1
1 Unemployment as percent of civilian labor force in group specified.
Note.—See footnote 5 and Note, Table B-29.
Source: Department of Labor, Bureau of labor Statistics.
261
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-36.—Unemployment insurance programs, selected data, 1950-83
Year or month
All programs
Coveredemploy-ment1
Insuredunemploy-
ment{weeklyaver-
a g e ) "
Totalbenefits
paid(millions
dolfars)2 *
State programs
Insuredunem-
ploymentInitialclaims
Exhaus-tions8
Insuredunemploy-ment aspercent
ofcovered
Total(millions
ofdollars)4
Averageweeklycheck
(dollars) o
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
198019811982
1982:Jan....Feb....Mar...
May...June..
July...Aug...
S3!NovDec
1983:JanFebMar
fczJune....July...Aug...Sept..Oct....NovDec
Thousands Weekly average; thousands
34,30836,33437,00638,07236,62240,01842J5143,43644,41145,728
46,33446,26647,77648,43449,63751,58054,73956,34257,97759,999
59,52659,37566,45869,89772,45171,03773,45976,41988,80492,062
92,65993,300
« 91,628
1,6051,0001,0691,0672,0511,3991,3231,5712,7731,860
2.0712,9941,946
U.9731,7531,4501,1291,2701,1871,177
2,0702,6082,1921,7932,5584,9373,8463,3082,6452,592
3,8373,4104,590
4,6814,7234,8924,7604,3874,328
4,4954,3984,2824,3914,6355,074
5,4595,4375,1344,6423,9473,481
3,2742,9172,5802,4782,602
1,467.6862.9
1,043.51,050.62,291.61,560.21,540.61,913.04,290.62,854.3
3,022.84,358.13,145.13,025.92,749.22,360.41,890.92,221.52,191.02,298.6
4,209.36,154.05,491.14,517.36,933.9
16,802.412,344.810,998.99,006.99,401.3
16,175.415,287.123,774.8
1,836.01,904.52,298.12,141.11,871.92,003.9
1,966.72,034.12,004.41,928.12,065.32,410.0
2,463.32,349.72,780.22,182.91,908.51,798.0
1,412.31,425.41,167.41,066.51,147.8
1,513969
1,044990
1,8701,2651,2151,4462,5101,684
1,9082,2901,783
* 1,8061,6051,3281,0611,2051,1111,101
1,8052,1501,8481,6322,2623,9862,9912,6552,3592,434
3,3503,0474,061
3,9413,9073,8943,8323,5863,329
3,1102,9912,8962,8482,7992,729
236208215218304226227270369277
331350302
7 298268232203226201200
296295261247363478386375346388488460533
3,5773,5823,7753,9823,9724,011
3,9884,1364,3794,6154,6354,428
563529574573579560
539617654659618546
509485493484458411
384414393403405397
616774828086
828380838792
100991021029087
4.62.82.92.85.23.53.23.66.44.4
4.85.64.44.33.83.02.32.52.22.1
3.44.13.52.73.56.04.63.93.32.9
3.93.54.6
4.14.14.34.64.54.6
4.64.75.05.35.35.1
4.54.54.54.44.13.8
3.63.53.43.33.33.2
1,373.1840.4998.2962.2
2,026.91,350.31,380.71,733.93,512.72,279.02,726.73,422.72,675.42,774.72,522.12,166.01,771.32,092.32,031.62,127.9
3,848.54,957.04,471.04,007.65,974.9
11,754.78,974.58,357.27,717.28,612.9
13,761.113,262.120,650.0
1,765.11,783.42,075.51,849.91,573.41,736.3
1,682.11,747.31,711.31,647.31,820.02,138.0
2,205.62,052.42,370.71,816.51,587.91,537.3
1,298.21,337.21,104.41,010.81,094.2
20.7621.0922.7923.5824.9325.0427.0228.1730.5830.41
32.8733.8034.5635.2735.9237.1939.7541.2543.4346.17
50.3454.0256.7659.0064.2570.2375.1678.7983.6789.67
98.95106.70119.39
114.95117.05117.44117.90118.33118.32
117.67119.22121.03122.90123.46123.55
124.29124.47125.56124.85124.49123.44
121.59121.42121.36123.06109.33
**Monthly data are seasonally adjusted.1 Includes persons under the State, UCFE (Federal employee, effective January 1955). and RRB (Railroad Retirement Board) programs.Beginning October 1958, also includes the UCX program (unemployment compensation for ex-servicemen).
3 Includes State, UCFE, RR, UCX, UCV (unemployment compensation for veterans, October 1952 January 1960), and SRA(Servicemen's Readjustment Act, September 1944-September 1951) programs. Also includes Federal and State extended benefitprograms. Does not include FSB (Federal supplemental benefits), SUA (special unemployment assistance), and Federal SupplementalCompensation programs.
3 Covered workers who have completed at least 1 week of unemployment.4 Annual data are net amounts and monthly data are gross amounts.5 Individuals receiving final payments in benefit year.8 For total unemployment only.7 Programs include Puerto Rican sugarcane workers for initial claims and insured unemployment beginning July 1963.8 Latest data available for all programs combined. Workers covered by State programs account for about 97 percent of wage and
salary earners.Source: Department of Labor, Employment and Training Administration.
262
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-37.— Wage and salary workers in nonagricultural establishments, 1929-83
[Thousands of persons; monthly data seasonally adjusted]
Year ormonth
Totalwageand
salaryworkers
Manufacturing
TotalDurablegoods
Non-durablegoods
MiningConstruc-
tion
Transpor-tation
andpublic
utilities
Whole-saleand
retailtrade
Finance,insur-ance,andreal
estate
Services
Government
Federal
19291933193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983"1982: Jan
FebMar....
May!!!!June...July....Aug....
Nov...Dec...
1983: Jan....Feb....Mar...Apr....May...June..July...Aug...Sept..Oct....Novp.Dec".
31,32423,69930,60332,36136,53940,10642,43441,86440,37441f65243,85744,86643,75445,19747,81948,79350,20248,99050,64152,36952,85351,32453,26854,18953,99955,54956,65358,28360,76563,90165,80367,89770,38470,88071,21473,67576,79078,26576,94579,38282,47186,69789,82390,40691,15689,596
90,39690,41790,20790,02490,01689,77589,45089,26489,23588,93888,78588,665
88,74688,81489,09089,42189,84490,15289,74890,85191,08791,41391,644
10,7027,397
10,27810,98513,19215,28017,60217,32815,52414,70315,54515,58214,44115,24116,39316,63217,54916,31416,88217,24317,17415,94516,67516,79616,32616,85316,99517,27418,06219,21418,44719,78120,16719,36718,62319,15120,15420,07718,32318,99719,68220,50521,04020,28520,17018,85318,67819,52819,45019,30819,16019,07818,91818,80218,66618,55518,35818,22218,19318,24418,24518,26718,37618,49318,58218,73318,79318,87119,06419,18219,271
4,7155,3636,9688,823
11,08410,8569,0747,7428,3858,3267,4898,0949,0899,349
10,1109,1299,5419,8339,8558,8299,3739,4599,0709,4809,6169,816
10,40511,28211,43911,62611,89511,20810,63611,04911,89111,92510,63811,07711,59712,27412,76012,18712,10911,10010,93111,62511,56111,46911,35011,28911,16911,09510,96110,86210,68510,57710,55910,59410,60810,61710,68910,78810,84410,96111,02211,08111,23511,32611,394
5,5645,6226,2256,4586,5186,4726,4506,9627,1597,2566,9537,1477,3047,2847,4387,1857,3417,4117,3217,1167,3037,3377,2567,3737,3807,4587,6567,9308,0078,1558,2728,1587,9878,1028,2628,1527,6357,9208,0868,2318,2808,0988,0617,7537,747
7,9037,8897,8397,8107,7897,7497,7077,7057,6937,6737,6457,6347,6507,6377,6507,6877,7057,7387,7727,7717,7907,8297,8567,877
1,087744854925957992925892836862955994930901929898866791792822828751732712672650635634632627613606619623609628642697752779813851958
1,0271,1391,1431,0211,2161,2191,2181,2041,1771,1501,1251,1131,1001,0821,0661,0531,0371,0141,006
997994
1,0031,0171,0231,0261,0441,0441,053
1,512824
1,1651,3111,8142,1981,5871,1081,1471,6832,0092,1982,1942,3642,6372,6682,6532,6462,8393,0392,9622,8173,0042,9262,8592,9483,0103,0973,2323,3173,2483,3503,5753,5883,7043,8894,0974,0203,5253,5763,8514,2294,4634,3464,1883,9113,9493,9674,0013,9573,9433,9713,9333,9163,8933,8753,8473,8433,8153,9053,7903,7573,7863,8603,9333,9744,0144,0384,0604,0964,110
3,9162,6722,9363,0383,2743,4603,6473,8293,9064,0614,1664,1894,0014,0344,2264,2484,2904,0844,1414,2444,2413,9764,0114,0043,9033,9063,9033,9514,0364,1584,2684,3184,4424,5154,4764,5414,6564,7254,5424,5824,7134,9235,1365,1465,1655,0814,9435,1425,1365,1235,1175,1175,0995,0755,0565,0545,0335,0195,0084,9794,9664,9634,9884,9934,9924,9844,3415,0315,0195,0275,024
6,1234,7556,4266,7507,2107,1186,9827,0587,3148,3768,9559,2729,2649,3869,742
10,00410,24710,23510,53510,85810,88610,75011,12711,39111,33711,56611,77812,16012,71613,24513,60614,09914,70515,04015,35215,94916,60716,98717,06017,75518,51619,54220,19220,31020,54720,40120,50820,42620,46120,44720,42720,45420,45420,43820,41020,38020,34420,32020,25620,35520,34320,35020,32920,35620,49420,52920,58020,61220,66620,70520,732
1,4941,2801,4471,4851,5251,5091,4811,4611,4811,6751,7281,8001,8281,8881,9562,0352,1112,2002,2982,3892,4382,4812,5492,6292,6882,7542,8302,9112,9773,0583,1853,3373,5123,6453,7723,9084,0464,1484,1654,2714,4674,7244,9755,1605,2985,3405,4565,3205,3225,3265,3285,3315,3395,3425,3445,3515,350513565,3675,3745,3845,3915,4235,4355,4515,4655,4885,4995,5035,5235,537
3,4252,8613,5023,6653,9054,0664,1304,1454,2224,6975,0255,1815,2405,3575,5475,6995,8355,9696,2406,4976,7086,7657,0877,3787,6207,9828,2778,6609,0369,498
10,04510,56711,16911,54811,79712,27612,85713,44113,89214,55115,30316,25217,11217,89018,61919,06419,68518,91918,97018,95718,98419,02019,04619,08319,09719,13619,14419,18719,21519,23819,26219,35619,47819,54619,56819,77019,33519,91319,95620,05120,122
533565905996
1,3402,2132,9052,9282,8082,2541,8921,8631,9081,9282,3022,4202,3052,1882,1872,2092,2172,1912,2332,2702,2792,3402,3582,3482,3782,5642,7192,7372,7582,7312,6962,6842,6632,7242,7482,7332,7272,7532,7732,8662,7722,7392,7532,7412,7372,7372,7332,7312,7382,7372,7392,7352,7422,7462,7472,7482,7422,7422,7382,7562,7422,7382,7462,7782,7642,7712,771
Note.—Data in Tables B-37 through B-39 are based on reports from employing establishments and relate to full- and part-time wageand salary workers in nonagricultural establishments who worked during or received pay for any part of the pay period which includesthe 12th of the month. Not comparabje with labor force data (Tables B-29 through B-35), which include proprietors, setf-employedpersons, domestic servants, and unpaid family workers; which count persons as employed when they are not at work because ofindustrial disputes, bad weather, etc., even if they are not paid for the time off; and which are based on a sample of the working-agepopulation. For description and details of the various establishment data, see "Employment and Earnings."
Source: Department of Labor, Bureau of Labor Statistics.
263
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TABLE B-38.—Average weekly hours and hourly earnings in selected private nonagricultural industries,
1947-83
[For production or nonsupervisory workers; monthly data seasonally adjusted, except as noted]
Year ormonth
19471948.1949..1950195119521953195419551956195719581959
I960196119621963...1964 !.196519661967 "1968196919701971...19721973..1974197519761977.197819791980198119821983 P
1982:JanFebMarAprMayJuneJulyAugSeptOctNovDec
1983:JanFebMarAprMay ::JuneJulyAugSeptOctN o vD e c
Totalprivatenon-
agricul-tural »
40 340*039*439.839.939.939.639.139.639.338.838.539.038638!638.738.838.738.838.638037.837.737.136 937.036 936.536136.136 035*835.735 335.234 835.0
34.335.134.934.935.034.934.934.834.834.734.734.8
35.134.534.834.935.135.135.035.035.235.335.235.2
Average weekly hours
Manufac-turing
40440039.140.540.640.740.539.640.740439.839 240.339 739.840.440.540.741241.440 640.740.639.839 940.540 740.039 540.140 340.440.239 739.838 940.1
37.539.539.039 039.139.139.139.038.838.939.039.0
39.739.239.540.140.040.140.240.340.840.640.640.5
Con-struction
38 238137.737.438.138.937.937.237.137 537*036.837.036 736.937.037.337.237.437.637 737.337.937.337 236.536 836.636 436.836 536.837.037 036.936 737.2
35.137.037.136 837.336.837.136.836.536.336.436.8
38.936.636.536.937.237.237.337.237.536.536.537.0
Whole-saleand
retailtrade
40 540 440*540.540.540.039.539.539.439138>38638.838 638.338.238.137.937.737.136 636.135.735.335134.934 634.233 933.733 332.932.632 232 231.931.9
31.732.031.931932*031.932.032.031.931.931.832.1
31.931.431.731.731.932.031.931.831.832.132.032.1
Average gross hourly earnings,
Totalprivate
non-agricul-tural1
$113112251.2751.3351.451.521.611.651.711801.891952.022 092.142.222.282.362 462.562 682.853.043.233 453.703 944̂ 244 534^865 255696.166.667̂ 257 67&01
7.537.547.567 597̂ 657.677.707.737.737.767.787.82
7.887.917.917.957.978.008.037.988.088.138.138.17
current dollars
Manufac-turing
$12161.3271.3761.4391.561.641.741.781,851952.042102.192 262.322.392.452.532 612.712 823.013.193.353 573.824 094^424.835.225686176.707.277̂ 998.508.84
8.398.358.388 438*478.518.548.568.578.588.618.63
8.688.768.758.788.798.828.858.848.878.948.999.00
Con-struction
$1 5401.7121.7921.8632.022.132.282.382.452 572.712 822.933 073.203.313.413.553 703.894114.414.795.245 696.066416'817.317718108669.279 94
10*8211.6211.91
11.5911.4011.46114811*5711.5711.6311.6511.6611.7711.7111.88
11.8612.0012.0012.0211.8611.8511.8211.8311.9611.9211.8811.94
Whole-saleand
retailtrade
$0 94010101.0601.1001.181.231.301.351.401471.541601.661711.761.831.891.972 042.142 252.412.562.722 883.053 233.483 733.974 284 675.065485̂ 926,216.49
6.096.096.126146!l86.206.236.246.246.296.326.33
6.356.396.406.436.456.496.516.526.546.596.596.61
Adjusted hourly earnings,private nonagricultural
Index.1977-100
Currentdollars
21623 424.525.427.328.730.331.332.434 035.737.238.539 841.042.443.644.846.448.450 853.957.561365 769.874180.086 792*9
100 0108*2116.8127 3138*9148 3155*1
144.9145.1145.5146 4147*5148.0148.8149.6150.0150.7151.1151.9
152.7153.4153.4154.0154.6154.8155.2155.0155.9156.8156.8157.6
1977dollars3
58 558.962.364.063.665.568.770.573.375.976.978.080.081483.085.086.387.589.090.392.294.095.095.7983
101.2101198.397 699*0
100 0100.597.493 592*693 394.7
93.193.193.593 891592.892.893.093.193.193.494.1
94.795.395.094.894.794.894.794.094.294.494.394.6
total2
Percent changefrom a year
earlier4
Currentdollars
8.34.73.77.55.15.63.33.54.95.04.23.53.43.03.42.82.83.64.35.06.16.76.6726.2628.0847.2768.27.990S.l6.84.6
8.37.57.27 i1.27.07.06.66.16.25.76.0
5.45.75.45.24.84.64.33.63.94.13.83.7
1977dollars
0.75.82.7
-.63.04.92.64.03.51.31.42.6182.02.41,51.41.71.52.12.01.1.7
273.0
= 1- 2 . 8
- 71.4Id.5
=3.1- 4 0-L0
.81.5
.1
.1
.67.7.1.7.7
1.21.21.12.0
1.82.41.61.21.42.12.11.21.21.41.0.5
1 Also includes other private industry groups shown in Table B-37.2 Adjusted for overtime (in manufacturing only) and for interindustry employment shifts.3 Current-dollar earnings index divided by the consumer price index for urban wage earners and clerical workers on a 1 9 7 7 - 1 0 0
base.4 Monthly data are computed from indexes to two decimal places and are based on data not seasonally adjusted.Note.—See Note, Table B-37.Source: Department of Labor, Bureau of Labor Statistics.
264
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-39.—Average weekly earnings in selected private nonagricultural industries, 1947-83
[for production or nonsupervisory workers; monthly data seasonally adjusted, except as noted]
Year or month
1947194819491950195119521953195419551956195719581959I960196119621963196419651966196719681969197019711972 .. . ...197319741975197619771978197919801981. ..19821983*1982:
JanFebMarAprIVfayJuneJulyAugSeptOctNovDec
1983:JanFebMarAprMay ....JuneJulyAugSeptOctNovp
Dec
Average gross weekly earnings
Total privatenonagricultural1
Currentdollars
$45.5849.0050.2453.1357.8660.6563.7664.5267.7270 7473.3375.0878.7880.6782 6085.9188.4691.3395.4598.82
10184107.73114.61119.83127 31136.90145 39154.76163.53175.45189 00203.70219.91235.10255 20266.92280.35
258 28264 65263.84264.89267 75267.68268.73269.00269 00269 27269.97272.14
276 59272.90275.27277.46279 75280.80281.05279.30284.42286 9928618287.58
1977dollars"
$123.52123.43127.84133.83134.87138.47144.58145.32153.21157.90158.04157.40163.78164.97167.21172.16175.17178.38183.21184.37184.83187.68189.44186.94190 58198.41198 35190.12184.16186.85189 00189.31183.41172.7417013167.87171.15
165 88169 87169.56169.69169 78167.93167.54167.18166.98166 32166.96168.61
17148169.61170.45170.8517142171.85171.37169.48171.85172.7817198172.62
Manufac-turing
(currentdollars)
$49.1353.0853.8058 2863.3466 7570.4770.4975.3078 7881.1982.3288.2689.7292 3496.5699 23
102.97107.53112.19114.49122.51129.51133.33142 44154.71166 46176.80190.79209 32228 90249 27269.34288 62318 00330.65354.48
314 63329 83326.82328.77331 18332.74333.91333.84332 52333 76335.79336.57
344 60343.39345.63352 0835160353.68355.77356 2536190362 96364 99364.50
Construc-tion
(currentdollars)
$58.8365.2367.5669.6876.9682 8686.4188.5490.9096 38
100.27103.78108.41112.67118 08122.47127.19132.06138 38146.26154.95164.49181.54195.4521167221.19235 89249.25266.08283.73295 65318.69342.99367.78399 26426.45443.05
40681421 80425.17422.4643156425.78431.47428.72425 59427 25426.24437.18
46135439.20438.00443.54441 19440.82440.89440.08448.50435 08433 62441.78
Wholesaleand retail
traHa(currentdollars)
$38.0740.8042.9344 5547.7949.2051.3553.3355.1657 4859.6061.7664.4166.0167.4169.9172.0174.6676.9179.3982.3587.0091.3996.02
101.09106.45111.76119.02126.45133.79142.52153.64164.96176.46190 62198.10207.03
193 05194 88195.23195.87197.76197.78199.36199.68199.06200 65200.98203.19
202.57200.65202.88203.83205.76207.68207.67207.34207.97211.54210 88212.18
Percent change froma year earlier, total
privatenonagricultural3
Currentdollars
7.52.5588.94.85.11.25.0453.72.44.92.42.44.03.03.24.53.53.15.86.44.66.27.56.26.45.77.37.77.88.06.98.54.65.0
3.7635.14.85.34.84.94.34.03.43.44.4
6.83.14.34.74.64.94.83.76.06.45.65.8
1977dollars
-0 .13.64.7
.82.74.4
.55.43 1.1
.71.43.01.71.82.7.6.2
1.5.9
-1 .31.94.1
- .0- 4 . 1-3 .1
1.51.2.2
- 3 . 1- 5 . 8- 1 . 5- 1 . 3
2.0
-4 .1-1 .0-1 .3-1 .4- 1 . 1-2 .0-1 .3-1 .4- . 9
-1 .6-1 .1
.5
3.1- . 2
.6
1.22.42.51.33.23.72.62.5
1 Also includes other private industry groups shown in Table B-37.2 Earnings in current dollars divided by the consumer price index on a 1977=100 base.3 Based on data not seasonally adjusted.Note.—See Note, Table B-37.Source: Department of Labor, Bureau of Labor Statistics.
265
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-40.—Productivity and related data, business sector, 1947-83
[1977=100; quarterly data seasonally adjusted]
Output per hourof all persons
Busi-ness
sector
Nonfarmbusiness
sector
Output l
Busi-ness
sector
Nonfarmbusiness
sector
Hours of allpersons2
Busi-ness
sector
Nonfarmbusiness
sector
Compensation perhour3
Busi-ness
sector
Nonfarmbusiness
sector
Real compensationper hour4
nesssector
Nonfarmbusiness
sector
Unit labor cost
Busi- Nonfarmbusinesssector
Implicit pricedeflator»
Busi-ness
sector
Nonfarmbusiness
sector
194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983 ".....
IIIllIV
1983:
if""!".....;IllIV
43.746.046.7
50.451.853.555.256.1
58.358.960.462.364.2
65.267.369.972.575.6
78.380.782.585.385.5
86.289.292.494.792.5
94.597.6
100.0100.699.4
98.9101.3101.2103.8
100.5101.1102.3101.2
101.11007101.1101.9
102.5103.9104.2104.8
49.952.053.1
56.357.258.659.560.4
62.762.964.065.567.7
68.370.372.875.178.1
80.582.584.086.886.5
86.889.793.095.392.9
94.797.8
100.0100.699.1
98.4100.3100.2103.4
100.1100.1101.199.9
100.099.9
100.4100.8
101.7103.5104.0104.3
35.037.236.5
39.842.143.545.444.6
48.149.349.849.052.6
53.554.457.459.963.5
67.871.573.176.879.0
78.480.786.191.789.9
88.293.8
100.0105.5107.8
106.5109.8106.7111.0
109.2109.8111.2108.9
107.2106.9106.6106.0
107.1110.4112.4113.9
34.036.035.3
38.641.142.544.343.4
47.048.348.948.051.8
52.553.556.659.162.8
67.271.272.776.678.8
78.080.385.891.789.8
87.893.7
100.0105.7108.0
106.5109.3106.3110.9
109.2109.4110.5108.2
106.5106.7106.5105.4
106.7110.2112.5114.2
80.280.778.1
78.981.381.482.279.5
82.583.782.578.881.9
82.080.882.182.683.9
86.688.688.690.192.5
91.090.593.296.897.3
93.396.0
100.0104.9108.5
107.6108.4105.4106.9
108.6108.6108.7107.7
106.0106.2105.4104.0
104.5106.2107.9108.7
68.169.266.6
68.771.972.674.571.9
74.976.876.473.276.5
77.076.177.878.780.5
83.586.386.588.291.1
89.889.592.396.296.7
92.795.8
100.0105.0109.0
108.2109.0106.0107.3
109.1109.2109.4108.2
106.5106.8106.0104.6
104.9106.5108.2109.5
17.018.418.7
20.022.023.424.925.7
26.428.129.931.232.6
33.935.236.838.240.2
41.744.647.050.754.2
58.262.066.171.378.0
85.592.9
100.0108.6118.7
131.2143.9155.1163.1
139.7142.2145.5148.2
151.6153.9156.5158.7
160.7162.1163.6166.4
18.520.120.6
21.823.825.126.527.3
28.330.031.732.934.2
35.736.838.339.641.4
42.845.447.951.554.8
58.762.566.771.778.5
86.093.0
100.0108.6118.4
130.7143.5154.7163.5
139.3141.8145.1147.7
151.3153.5156.1158.3
161.0162.7164.2166.0
46.146.447.6
50.551.353.456.458.0
59.662.664.465.567.7
69.571.373.775.578.4
80.183.385.388.389.6
90.892.895.797.395.9
96.398.9
100.0100.999.1
96.595.997.499.2
96.396.195.695.6
97.197.497.198.0
99.499.298.999.5
50.150.552.5
55.055.457.259.961.6
64.066.868.268.971.1
73.074.676.778.480.9
82.284.786.989.690.6
91.593.596.697.896.4
96.899.0
100.0100.998.9
96.195.697.199.4
96.095.895.395.4
96.997.196.997.8
99.599.699.399.3
38.940.040.1
39.842.543.845.145.9
45.247.749.550.250.7
52.152.352.752.753.1
53.355.356.959.463.4
67.569.571.575.384.4
90.595.1
100.0108.0119.5
132.7142.1153.3157.1
139.0140.7142.3146.4
149.9152.9
155.6
156.9156.0156.9158.8
37.038.638.9
38.841.542.844.445.2
45.147.649.550.250.5
52.352.452.652.753.1
53.255.057.059.363.4
67.669.771.775.384.5
90.895.1
100.0108.0119.5
132.8143.0154.4158.1
139.2141.6143.5147.8
151.3153.6
157.1
158.3157.2157.8159.2
38.140.840.3
41.044.044.544.945.3
46.047.649.249.850.8
51.651.952.653.253.7
54.756.457.960.363.2
66.069.071.375.382.4
90.494.7
100.0107.5117.2
128.1140.1147.7153.2
136.3138.2141.5144.3
145.5147.5148.5149.4
151.5152.5153.8155.2
36.639.139.4
40.142.843.544.445.0
46.047.649.349.750.9
51.651.952.753.353.9
54.856.358.160.463.3
66.369.371.374.081.6
90.094.6
100.0107.1116.5
128.1140.4148.6154.1
136.2138.4141.8145.0
146.4148.3149.1150.5
152.4153.4154.7155.9
1 Output refers to gross domestic product originating in the sector in 1972 dollars.2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily onestablishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes anestimate of wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers.
5 Current dollar gross domestic product divided By constant dollar gross domestic product.Source: Department of Labor, Bureau of Labor Statistics.
266
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-41.—Changes in productivity and related data, business sector, 1948-83
[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]
Year or quarter
Output per hourof all persons
Businesssector
Nonfarmbusiness
sector
Output1
sector
Nonfarmbusinesssector
Hours of allpersons2
Businesssector
Nonfarmbusinesssector
Compensation perhour3
sector
Nonfarmbusiness
sectorBusiness
sector
per hour*
Nonfarmlusinesssector
Unit labor cost
sectorNonfarmbusiness
sector
Implicit pricedeflator*
Nonfarmlusinesssector
19481949
19501951195219531954
1955195619571958...1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983*
1981:IIIIllIV
1982:
\\""Z'"ZIIIIV
1983:I
5.31.5
7.92.83.23.21.6
4.01.02.53.13.2
1.53.33.83.74.3
3.53.12.33.3
.2
3.63.52.6
- 2 . 4
2.23.32.4
.6-1 .2
- . 52.4
- . 12.6
5.92.24.7
- 4 . 1
- . 4- 1 . 6
1.73.3
4.32.0
6.01.72.31.71.4
3.9.3
1.72.43.4
2.93.63.23.9
3.12.51.93.3
- . 3
.33.33.72.4
- 2 . 5
2.03.22.2
.6- 1 . 5
- . 71.9
- . 13.1
5.2.4
3.8-4.4
.1- . 42.31.3
3.77.12.31.0
6.1-1 .9
9.15.83.34.3
- 1 . 8
7.92.61.0
- 1 . 67.3
1.61.75.54.36.0
6.85.52.25.12.9
3.06.66.6
- 2 . 0
- 2 . 06.46.65.52.3
-1.33.1
-2.84.0
8.32.35.2
- 7 . 8
- 6 . 3- 1 . 0- 1 . 1- 2 . 3
4.212.77.85.3
6.0-1.9
9.46.53.44.2
-2.0
8.22.81.2
-1.97.9
1.51.85.84.46.4
6.95.92.15.32.9
-1.02.96.96.8
-2.0
-2.26.76.75.72.2
-1.42.7
-2.84.4
7.8
4.3- 8 . 3
- 6 . 2
- . 6- 4 . 1
4.913.78.96.0
0.7- 3 . 3
1.12.9
.11.0
- 3 . 3
3.81.5
- 1 . 5- 4 . 5
3.9
.2- 1 . 5
1.6.6
1.6
3.22.3
.01.72.6
- 1 . 6— 53*03.9
.4
- 4 . 13.04.14.93.5
- . 8.7
- 2 . 71.4
2.3.1.5
-3.9
-6.0.6
-2.7-5.4
2.16.56.53.0
1.6- 3 . 8
3.14.61.02.5
- 3 . 4
4.12.5
- . 5- 4 . 2
4.4
.6- 1 . 1
2.21.12.4
3.73.4
.32.03.2
- 1 . 3- . 43.14.3
.5
- 4 . 13.44.45.03.7
- . 7.7
- 2 . 71.2
2.4.5.5
- 4 . 0
- 6 . 21.2
-2 .9- 5 . 3
1.26.26.45.0
8.51.6
7.19.86.46.43.2
2.56.56.54.44.3
4.23.84.63.75.2
3.97.05.37.87.0
7.36.66.58.09.4
9.68.67.78.69.4
10.59.77.75.2
11.57.49.67.5
9.46.46.75.7
8.62.9
5.88.85.55.63.2
3.66.05.73.84.0
4.33.24.03.54.5
3.46.05.57.56.5
7.06.66.77.69.4
9.68.17.58.69.0
10.49.87.85.6
11.57.39.67.6
10.05.87.25.8
6.84.33.84.5
0.72.6
6.01.74.15.72.8
2.84.92.91.63.5
2.62.73.42.53.8
2.24.02.43.51.5
1.32.23.11.6
-1 .4
.52.61.2
.9- 1 . 7
- 2 . 6- . 61.51.9
.8-1.0-2.2
.3
6.31.1
-1.03.7
5.8- . 7
- 1 . 12.2
0.83.9
.73.24.82.7
3.94.42.21.03.2
2.72.12.82.23.2
1.73.02.63.21.1
1.02.23.31.3
-1 .4
.42.21.0
.9-2 .0
- 2 . 8- . 61.62.3
6.8.5
- . 63.7
7.2.1
- . 9- . 2
6.93.03.11.6
- 1 . 45.53.91.31.0
2.7.5.7.0.8
.33.83.04.46.7
6.42.92.95.3
12.1
7.35.15.18.0
10.7
11.17.17.92.5
5.35.04.7
12.2
3.3-2 .2
2.34.8
4.1.9
- . 26.93.13.91.7
- . 35.73.91.4
.6
3.5.3.4.2.6
.33.53.54.16.8
6.63.12.85.0
12.2
7.54.85.28.0
10.7
11.17.77.92.4
6.06.95.6
12.6
3.0- 2 . 6
1.53.5
7.0-1.0
1.67.41.1
.91.0
1.63.33.51.32.0
1.4.6
1.51.11.0
1.93.02.74.04.9
4.54.43.45.59.5
9.84.75.67.59.0
9.29.45.43.7
11.25.69.98.2
5.52.83.33.7
1 Output refers to gross domestic product originating in the sector in 1972 dollars.2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily on
establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an
estimate of wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers.5 Current dollar gross domestic product divided by constant dollar gross domestic product.
Note.—Data relate to all persons engaged in the sector. Percent changes are based on original data and therefore may differ slightlyfrom percent changes based on indexes in Table B-40.
Source: Department of Labor, Bureau of Labor Statistics.
267
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PRODUCTION AND BUSINESS ACTIVITY
TABLE B-42.—Industrial production indexes, major industry divisions, 1929-83
[1967 ==100; monthly data seasonally adjusted]
Year or month
1967 proportion
192919331939
194019411942194319441945194619471948. ...1949
1950195119521953195419551956195719581959
I960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983"1982:JanFebMarAprM a y . .June' 'JulyAug ,SeptOctNovDec
1983:JanFebMarAprMayJuneJulyAugSeptOctNov p
Dec
Totalindustrialproduction
100.00
21.613.7217
25 031.636 344.047.440.735.039441.138 844.948.750.654.851.958.561161.957.964.866.266.772.276.581.789.897.8100 01063111.1
107 8109.6119 7129 8129 3117 8130.5138.21461152.5147 0151.0138 6147.7
140 7142.9141.7140.2139.2138.7
138.8138.4137.3135 7134 9135.2
137.4138.1140.0142 6144 4146.4149 7151.8153.8155.01561156.9
Manufacturing
Total
87.95
22.814.021.5
25.432.437.847.050.942.635.339.440.938.7
45.048.650.655.251.558.260.561.257.064.265.465.671.575.881.089.797.9100 0106.4111.0106 4108.2118.9129 8129.4116 3130.3138.4146 8153.6146.7150.4137.6148.5
138 5140.9140.1138.7137.9137.7138.1138.0137.1135.0134.0134.5
136.7138.2140.4143.1145.1147.4150 6152.8155.1156.4157 2157.8
Dura-ble
51.98
22.59.117.723.531.439.954.259.945.231.637.739.335.7
43.548.951.958.751.859.261.161.653.961.962.961.868.673.178.389.098.9100.0106.5110.6102.3102.4113.71271125.7109.3122.3130.0139.7146.4
136.7140.5124.7134.6
127 1129.3128.2126.7126.1125.5125.9124.9123.5120.3119.3119.9
122.5123.9126.3129.1131.0133.2136 8138.8141.6143.0144.0145.0
Non-durable
35.97
23.219.926.1
27.533.334.637.138.638.539.741.342.742.046.748.349.251.251.657.260.161.161.667.769.371.575.880.085.290.996.7100.0106.2111.5112.3116.6126.5133.8134.6126.4141.8150.5156.9164.0161.2164.8156.2168.5
155.1157.8157.3156.1155.0155.3155.7156.9156.7156.2155.3155.6
157.4159.0160.7163.3165.4167.8170.6172.9174.6175.8176.3176.3
Min-ing
6.36
43.130.642.146.849.751.352.556.255.154.261.364.457.1
63.870.069.471.269.977.982.082.175.378.7
80.380.883.186.489.993.298.2100.0104.2108.3112.2109.8113.1114.7115.3112.8114.2118.2124.0125.5132.7142.2126.1116.5
144.5142.4138.1134.1128.9123.5120.1116.9114.7115.9116.8118.4
121.9115.6112.6111.6112.8112.6115.0116.1117.1118.6120.9123.4
Utili-ties
5.69
7.46.7
10.7
11.813.314.916.517.517.818.620.122.423.911131.033.736.539.343.948.251.553.959.363.467.072.077.083.688.795.5100.0108.4117.3124.5130.5139.4145.4143.7146.0151.7156.5161.4166.0168.3169.1168.7172.7
171.8170.4170.0171.0170.9169.4167.7168.5167.5167.8166.7164.2
163.1162.0165.8169.3169.7169.8176.0179.3179.3176.9178.8183.4
Source: Board of Governors of the Federal Reserve System.
268
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-43.—Industrial production indexes, market groupings, 1947-83
[1967 = 100; monthly data seasonally adjusted]
Year or monthTotal
industrialproduction
Final products
Total
Consumer goods1
TotalAuto-
motiveproducts
Homegoods
Equipment
Total Busi-De-
fenseand
space
Inter-mediateproducts
Materials2
TotalDura-
blegoods
Non-durablegoods
1967 proportion 100.00 47.82 27.68 2.83 5.06 20.14 12.63 7.51 12.89 39.29 20.35 10.47
39.441.138.8
44.948.750.654.851.9
58.561.161.957.964.8
66.266.772.276.581.7
89.897.8
100.0106.3111.1
107.8109.6119.7129.8129.3
117.8130.5138.2146.1152.5
147.0151.0138.6147.7
140.7142.9141.7140.2139.2138.7
138.8138.4137.3135.7134.9135.2
137.4138.1140.0142.6144.4146.4
149.7151.8153.8155.0156.1156.9
38.640.038.8
43.747.250.754.151.3
55.458.660.357.663.2
65.365.871.475.579.7
87.695.9
100.0106.2109.6
105.3106.3115.7124.4125.1
118.2127.6135.9142.2147.2
145.3149.5141.5147.2
142.8144.1143.3142.6142.2142.1
142.5141.2140.0138.7138.3139.5
140.1138.9139.9142.8144.5146.4
149.0150.7152.1152.9154.2155.4
42.443.743.4
49.649.150.253.252.9
59.061.262.662.168.1
70.772.277.181.385.9
92.697.3
100.0105.9109.8
109.0114.7124.4131.5128.9
124.0137.1145.3149.1150.8
145.4147.9142.6151.9
139.6141.8141.5142.1143.6144.8
145.8144.1143.4142.2141.3142.0
143.6143.4144.3147.7150.4152.4
154.8156.3157.3157.1157.8158.7
45.347.447.0
59.152.347.159.555.4
73.660.663.550.563.3
72.566.180.187.791.9
113.3112.8100.0119.4118.1
98.8124.4141.4153.0132.8
125.8155.7175.6179.9167.7
132.8137.9129.5158.2
109.2117.5125.0129.9138.9143.0
149.7135.5135.5123.6120.7128.7
136.2144.3142.6144.9152.2160.0
167.0168.1172.9171.0171.9178.1
37.539.136.2
49.943.043.048.644.9
53.055.754.551.459.0
59.461.366.571.878.4
88.997.9
100.0106.4113.2
110.2115.6129.5142.5136.8
118.8134.1141.9147.7149.2
138.9142.0129.1141.8
126.3130.6129.9131.1129.1129.9
130.4131.4128.9128.1126.8124.3
129.1128.8132.8138.1141.8143.2
144.9146.4148.8149.3148.1149.4
30.632.228.7
31.143.351.956.349.3
50.455.357.551.556.5
58.157.363.767.571.4
80.794.0
100.0106.5109.3
100.194.7
103.8114.5120.0
110.2114.6123.0132.8142.2
145.2151.8139.8140.8
147.2147.3145.9143.4140.4138.4
138.0137.3135.2134.0134.2136.1
135.3132.7133.8136.2136.5138.2
141.0143.1144.9147.1149.3150.8
38.039.534.5
37.045.251.253.346.8
50.858.861.151.557.9
59.457.762.765.873.7
84.497.7
100.0105.5112.5
107.01041118.0134.2142.4
128.2135.4147.8160.3171.3
173.2181.1157.9153.2
172.2171.6169.0164.9159.9156.7
154.9153.9150.5147.1146.4148.1
146.6142.7143.7146.9147.7150.2
153.3156.6158.7161.5164.4165.8
10.312.112.7
14.936.651.461.654.2
49.748.550.750.953.7
55.156.064.969.967.7
74.988.1
100.0108.2104.0
88.578.879.981.482.4
80.079.881.386.593.4
98.2102.7109.4119.9
105.2106.5107.0107.2107.7107.6
109.5109.5109.5111.9113.6115.9
116.4116.1117.0118.2117.6118.0
120.4120.2121.8122.9123.9125.7
41.944.342.0
48.851.350.954.554.3
61.764.464.463.069.5
70.071.475.779.985.2
90.696.2
100.0106.3112.9
112.9116.7126.5137.2135.3
123.1137.2145.1154.1160.5
151.9154.4143.3156.9
143.4146.3145.2143.7142.6141.9
142.8144.7143.7141.6141.8141.5
143.7145.3147.8150.8152.2154.5
158.1162.2165.4166.5167.2167.6
39.541.237.6
45.049.850.556.151.8
61.362.862.856.565.2
66.166.272.176.782.9
92.4100.7100.0106.5112.5
109.2111.3122.3133.9132.4
115.5131.7138.6148.3156.4
147.6151.6133.7145.3
137.2140.4138.5136.2134.3133.5
133.0132.8132.0130.0128.4127.8
132.0134.9137.6139.7141.7143.7
147.8149.7152.2153.9154.9155.3
38.339.435.3
44.450.551.660.352.0
63.763.963.853.764.064.863.370.475.181.9
93.8103.3100.0106.2112.1
103.8104.9117.7134.6132.7
109.1128.0136.1149.0157.8
143.0149.1125.0138.7
129.7132.4130.7128.1126.6126.6
126.0125.1123.0118.5116.4116.5
121.5125.3128.7132.4134.7137.0
141.1144.2147.4149.5150.9150.9
45.9
52.554.954.754.462.1
63.265.871.375.682.2
90.397.5
100.0108.8115.7
115.4120.2132.9142.2142.6
126.6147.8155.6165.6175.9
171.5174.6157.5174.9
156.8164.2162.0160.3156.6153.5
152.3154.5158.5158.2157.3155.6
159.7164.0167.5168.7172.1174.3
177.0178.0182.3185,0185.1184.9
1 Also includes clothing and consumer staples, not shown separately.2 Also includes energy materials, not shown separately.Source: Board of Governors of the Federal Reserve System.
269
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-44.—Industrial production indexes, selected manufactures, 1947-83
[1967=100; monthly data seasonally adjusted]
Year or month
1967 proportion
194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983 P.
1982:JanFebMarAprMayJune
JulyAugSeptOctNovDec
1983:JanFebMarAprMayJune
JulyAugSeptOctNov P.Dec"
Durable manufactures
Primarymetals
Total
6.57
63.365.855.4
69.775.869.278.563.5
82.582.078.562.372.7
72.471.176.382.392.8
102.1108.4100.0104.3113.8
106.6100.2112.1126.7123.1
96.4109.7111.1119.9121.3
102.3107.975.385.4
89.788.583.076.475.272.8
72.972.973.269.663.663.5
73.177.981.283.184.984.8
85.587.590.695.192.091.1
Ironand
4.21
70.1
93.291.588.266.576.5
77.774.277.384.395.9
105.2108.4100.0103.2112.6
104.796.1
107.1122.3119.8
95.8104.8103.8113.2113.2
92.499.861.7
79.678.573.065.162.458.0
58.157.456.454.147.546.6
59.064.366.968.569.569.7
71.875.178.284.080.5
Fabri-catedmetalprod-ucts
5.93
49.950.845.8
56.159.958.566.059.4
67.868.870.663.371.0
71.169.475.477.882.6
90.897.2
100.0105.6107.9
102.4103.5112.1124.7124.2
109.9123.9131.0141.6148.5
134.1136.4114.8120.4
120.7121.4121.1119.1115.8115.0
115.5114.3U2.3107.6107.0107.3
107.6110.3113.9115.3115.5118.5
122.7126.0127.4127.2129.3129.7
Non-elec-trical
machin-ery
9.15
39.039.233.4
37.547.751.954.046.1
50.658.057.948.656.7
56.955.462.166.375.6
85.098.8
100.0101.8109.3
104.4100.2116.0133.7140.1
125.1134.5143.6153.6163.7
162.8171.2149.0150.6
160.9160.0157.3153.7150.0147.4
147.1147.2144.9140.4139.6139.2
138.0136.2138.6143.1146.1149.5
154.2157.3158.3159.5162.9163,0
Electri-cal
machin-ery
8.05
22.223.021.6
29.629.834.039.034.7
39.943.142.839.247.6
51.654.862.964.768.4
81.797.9
100.0105.5111.9
108.1107.7122.2143.1143.8
116.5134.8145.4159.4175.0
172.8178.4169.3185.8
168.2172.9172.6172.2170.9170.8
170.3169.7167.0165.4165.5165,5
169.5168.9173.8177.2180.1182.4
188.3189.2195,8198.7200.6203.7
Transportationequipment
Total
9.27
31.834.834.9
41.846.654.268.059.2
68.066.070.755.863.2
65.461.571.178.080.0
95.1102.0100.0111.1108.4
89.597.9
108.2118.3108.7
97.4111.1122.2132.5135.4
116.9116.1104.9117.4
96.6102.0104.4105.9110.0111.6
112.7107.0105.3100.8100.2103.7
106.3109.6110.1111.4113.8116.6
119.7121.1124.7125.5125.8128.2
Motorvehicles
andparts
4.50
60.5
81.265.869.051.066.2
74.765.579.888.390.7
115.9113.9100.0120.3116.5
92.3118.6135.8148.8128.2
111.1142.0161.1169.9159.9
119.0122.3109.8136.9
90.498.6
105.6110.7119.8124.0
127.21167113.5103.0101.7108.8
U3.9123.0123.2125.5130.4136.2
142,3144.3150.9150.9152.5157.1
Lumberand
prod-ucts
1.64
58.961.354.1
65.765.564.768.468.0
75.975.068.869.979.3
74.778.282.586.392.7
96.3100.0100.0105.5107.9
105.6113.8120.8126.0116.2
107.6123.2131.2136.3136.9
119.3119.1112.6
99.2104.9103.5106.2110.6112.2
116.9120.3119.9117.2119.1121.4
130.0130.2128.7132.1135.8137.4
141.3141.6142.3141.7142.0
Nondurable manufactures
Apparelprod-ucts
3.31
57.860.359.7
64.363.166.367.266.4
73.375.074.972.880.1
81.782.285.589.192.2
97.499.9
100.0102.9106.7
101.4104.7109.4117.3114.3
107.6125.7134.2134.2134.4
127.0120.4
Printingand
publish-ing
4.72
43.345.446.6
48.949.749.752.054.1
59.563.265.463.968.2
71.071.373.977.882.6
87.994.6
100.0103.2107.4
107.0107.1112.7118.2118.2
U3.3122.5127.6131.5136.9
139.6144.2144.1152.9
145.6146.4145.9144.2143.8142.6
143.9145.3144.3142.0141.7142.8
141.3144.0145.9145.7145.2147.4
152.0157.8161.7162.7163.1163.2
Chem-icalsand
prod-ucts
7.74
19.721.321.0
26.229.731.133.634,1
39.842.745.246.654.3
56.459.265.771.878.8
87.895.7
100.0109.5118.4
120.4125.9143.6154.5159.4
147.2170.9185.7197,4211.8
207.1215.6196.1
196.7201.3200.3198.6193.6193.2
194.1195.6196.4194.1192.8195.9
197,6202.3205.7208.5211.0214.7
218.3220.3224.1228.1228.3
Foods
8.75
55.855.255.9
57.959.060.261.462.7
66.370.171.172.976.5
78.680.983.486.490.4
92.496.0
100.0102.6106.1
108.9112.8116.8120.9124.0
123.4133.0138.8142.7147.5
149.6152.1151.1
151.1151.7150.8149.7150.5151.0
151.0150.7149.0151.5152,0152.8
154.4153.0152.0153.7155.6157.7
159.9159.3158.2157.6
Source: Board of Governors of the Federal Reserve System.
270
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-45.—Capacity utilization rate in manufacturing, 1948-83
[Percent; quarterly data seasonally adjusted]
Year orquarter
19481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983"
1979:IIfIIIIV
1980:IIIIllIV
1981:1IIIllIV
1982:1IIIllIV
1983:
IIIllIV
FRB series1
Totalmanufac-
turing
82 574.2
82.885.885489 280 3
87186.483 775.2819
80 277.481683 5856
89 691186.987 286.3
79.578 583.587 683.7
72.979.682.284.786.0
79.679 471.175.3
87.286.285 784.8
83.878.376.479.7
80.680.880.375.9
72.971.671.069.0
70.773.877.479.2
Durablegoods
87.187 285.9
76.574 680.787 283.1
70.377181.186.086.7
77.878 268.272.4
89.187.485 884.4
83.076.573.978.0
79.279 879 274.3
70.569.168.165.1
67.270.774.777.1
Non-durablegoods
86.887187.0
83.984 087.488184.7
76.683 085.085.686.3
81.881174.878.9
86.986.386 485.6
85.080.779.781.9
82.482 081878.0
75.874.774.874.0
75.177.880.781.9
Primaryprocess-
ing
87 276.2
88.590.284.989.480.6
92.189.784.775.483.4
79.877.981.683 887.8
91.191485.787 788.5
82.982 388.192 487.8
73.882 384.687.989.5
80.380 868.976.0
90.389.689 888.5
87.278.074.881.3
83.582.681975.2
71.568.868.666.8
70.574.678.380.5
Advancedprocess-
ing
80 073.3
79.883485.989380.1
84.384 583.175.181.1
80.477 281.783 484.6
88.991287.786 985.2
77.676 481.085 081.5
72.578280.982.984.0
79.278 772.375.0
85.484.483 482.8
82.278.577.378.7
79.179 779 476.3
73.773.172.370.2
71.173.576.978.5
Commerce series2
Totalmanufac-
turing
86.086 084.085 085.0
81.080 083.086 083.0
77.081083.083.682.5
77.576170.0
84.483.381780.7
80.175.876.278.0
78.178.375 972.1
72.271.269.167.5
69.873.375.5
Durablegoods
88.087.083.084.084.0
78.078.082.085.082.0
76.081.084.084.482.7
76.674 666.5
85.284.081680.0
79.774.174.777.8
77.277.074.170.1
69.867.665.263.4
66.370.3111
Non-durablegoods
85.086.085.086.086.0
83.083.085.086.084.0
79.082.082.082.682.3
78.778.174.6
83.382.481.881.7
80.677.978.178.3
79.480.078.474.7
75.276.074.272.8
74.377.179.1
Primary-processed
goods
89.088 087.086.087.0
83.082.085.089 085.0
76.082.083.084.283.8
76.975.666.5
85.284.283 282.6
80.874.973.978.1
78.078.075.670.9
70.166.565.663.9
68.171.274.0
Advanced-processed
goods
85.085 083.084 084.0
79.080 082.084 082.0
77.081083.083.381.9
77.876 471.8
84.082.980979.7
79.776.277.477.9
78.278.576.172.7
73.273.870.969.3
70.674.476.3
1 For description of the series, see "New Federal Reserve Measures of Capacity and Capacity Utilization," Federal Reserve Bulletin, July1983.
2 Quarterly data are for last month in quarter. Annual data are averages of the four indexes, except for 1965 (December index) and1966-67 (averages of June and December indexes). For description of the series, see "Survey of Current Business," July 1974.
Sources: Board of Governors of the Federal Reserve System and Department of Commerce (Bureau of Economic Analysis).
271
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-46.—New construction activity, 1929-83
[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]
Year or month
1929
1933
1939 ...
19401941194219431944 ,.
1945 ..1946
New series
194719481949
19501951195219531954
19551956 .. . ..195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
198019811982
newconstruc-
tion
10.8
2.9
8.2
8.712.014.18.35.3
5.814 3
20 026.126.7
33.635 436 839.141.4
46.547 649150 055.4
54 756.460 264.868.0
74 176 878 587.594.3
95 2110 3124.4138 4139.2
135.91511173 8205.6230.4
230 7239 4232.0
Private construction
Total
8.3
1.2
4.4
5.16.23.42.02.2
3.4121
16.721.420.5
26.726.226 027.929.7
34.834.935134.639.3
38939 342 345.547.7
52 052 852 959.966.3
67180 494.2
105 9100.9
951112 0135 7159.7181.6
175 71861181.0
Residentialbuildings1
Total2
3.6
.5
2.7
3.03.51.7.9.8
1.36.2
9.913.112.4
18.115.915 816.618.2
21.920.219 019.824.3
23 023.125 227.928.0
27 925 725 630.633.2
31943 354.359 750.4
46.560 581093.499.0
87 386 674.8
Newhousing
units
3.0
.3
2.3
2.63.01.4
i
.6
.74.8
7.810.510.0
15.613.212 913.414.9
18.216.114 715.419.2
17 317.119 421.721.8
21719 419024.025.9
24.335144.950.140.6
34.447 365 775.878.6
63162 751.9
Nonresidential buildings and otherconstruction1
Total
4.7
.8
1.7
2.12.71.71.11.4
2.15.8
6.98.28.0
8.610.310.211.311.5
12.914.716114.815.1
15916.217 217.619.7
24127 127 329.333.1
35.337 240.046.250.5
48.651454 766.282.6
88.499 5
106.2
Com-mercial3
1.1
.1
.3
.3
.4
.2
.0
.1
.21.2
1.01.41.2
1.41.5111.82.2
3.23.6363.63.9
424.7515.05.4
7.89.4
9.811613.515 515.9
12.812 814 818.624.9
29 934 237.3
Indus-trial
0.9
.2
.3
.4
.8
.3
.2
.2
.61.7
1.71.41.0
1.12.12.32.22.0
2.43.13.62.42.1
2.92.82.82.93.6
6.06.8
6.55.44.76.27.9
8.07.27.7
11.015.0
13.817.017.3
Other4
2.6
.5
1.2
1.31.51.2
.91.1
1.33.0
4.25.55.9
6.16.76.87.37.2
7.38.09.08.89.0
8.98.79.29.7
10.7
15.516.9
19.020.121.824.526.7
27.831.532.236.742.7
44.748.251.5
Public construction
Total
2.5
1.6
3.8
3.65.8
10.76.33.1
2.42.2
3.34.76.3
6.99.3
10.811.211.7
11.712.714.115.516.1
15.917.117.919.420.4
22.124.025.527.628.0
28.129.930.232.538.3
40.939.138.245.948.8
55.053.351.1
Federal
0.2
.5
.8
1.23.89.35.62.5
1.7.9
.81.21.5
1.63.04.24.13.4
2.82.73.03.43.7
3.63.93.94.03.9
4.04.03.53.43.3
3.34.04.44.95.3
6.37.07.38.48.6
9.610.410.2
State andlocal'
2.3
1.1
3.1
2.42.01.3
.7
.6
.71.4
2.53.54.8
5.26.36.67.18.3
8.910.011.112.112.3
12.213.314.015.416.5
18.020.022.124.224.6
24.825.925.827.633.0
34.632.130.937.540.2
45.442.940.8
See next page for continuation of table.
272
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-46.—New construction activity, 1929-83—Continued
[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]
Year or monthTotalnew
construc-tion
Private construction
Total
Residentialbuildings1
Total 2New
housingunits
Nonresidential buildings and otherconstruction *
Total Com-mercial 3
Indus-trial Other*
Public construction
Total Federal State andlocal6
1982:JanFeb....Mar....Apr....May....June...
July....Aug....Sept...OctNov....Dec...
1983:JanFeb....Mar....Apr....May....June...
July....Aug....Sept...OctNov. .
224.3223.5226.8228.8230.9233.4
230.8231.6230.7234.1243.7240.2
247.9243.0241.9247.4254.8264.3
274.2282.0285.4271.9271.9
175.4174.3175.5177.9180.9182.9
180.8179.5178.2181.9190.5190.8
195.0194.3194.9199.5206.0214.7
222.8228.5232.6223.0223.2
71.268.369.671.975.275.5
73.872.771.776.481.286.0
89.793.696.1
102.0107.5113.5
122.3127.1129.1121.7118.3
49.248.7S0.448.750.149.3
51.452.653.053.655.858.6
63.468.872.377.382.287.9
92.794.895.092.291.1
104.2106.0105.9105.9105.8107.4
107.0106.8106.5105.5109.3104.8
105.3100.898.797.598.5
101.2
100.5101.4103.4101.3105.0
36.136.937.137.536.538.6
37.837.638.037.037.936.9
38.236.735.533.633.335.9
35.936.336.936.138.0
18.218.418.217.717.818.2
17.216.916.517.116.715.6
15.214.314.313.213.013.1
12.214.213.210.511.5
50.050.850.650.751.550.5
52.052.351.951.454.752.2
52.049.849.050.752.252.2
52.450.953.454.655.4
48.949.251.350.950.050.4
50.052.252.552.253.249.4
52.948.747.047.948.749.6
51.453.552.848.948.6
9.79.9
10.510.09.99.9
10.310.410.810.610.810.1
10.510.511.011.110.19.9
11.711.111.310.510.4
39.239.340.840.940.140.5
39.741.741.741.642.439.3
42.438.236.136.838.639.7
39.842.441.538.438.2
1 Beginning I960, farm residential buildings included in residential buildings; prior to 1960, included in nonresidential buildings andother construction.
2 Total includes additions and alterations and nonhousekeeping units, not shown separately.3 Office buildings, warehouses, stores, restaurants, garages, etc.4 Religious, educational, hospital and institutional, miscellaneous nonresidential, farm (see also footnote 1), public utilities, and all
other private.5 Includes Federal grants-in-aid for State and local projects.Source: Department of Commerce, Bureau of the Census.
273
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-47.—New housing units started and authorized, 1959-83
[Thousands of units]
Year or month
New housing units started
Private and public1
Total(farm andnonfarm)
Nonfarm
Private (farm and nonfarm)1
TotalType of structure
1 unit 2 to4units
5 unitsor more
New private housing units authorized2
Total
Type of structure
l u n i t 2 to 4units
5 units
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983 "...
1982:Jan....Feb...Mar..,Apr...May..June..
July...Aug...Sept..Oct...Nov...Dec...
1983:Jan....Feb...Mar...May'"June..
July...Aug...Sept..Oct...Nov...Dec".
1,553.7
1,296.11,365.01,492.51,634.91,561.0
1,509.71,195.81,321.91,545.41,499.5
1,469.02,084.52,378.52,057.51,352.5
1,171.41,547.6
12,001.72,036.11,760.0
1,312.61,100.31,072.11,712.6
47.652.078.785.199.291.8
107.297.2
108.3111.5110.083.4
92.996.7
135.8136.4175.5173.8
161.9177.8156.8159.9137.3107.7
1,531.3
1,274.01,336.81,468.71,614.81,534.0
1,487.51,172.81,298.81,521.41,482.3
1,517.0
1,252.21,313.01,462.91,603.21,528.8
1,472.81,164.91,291.61,507.61,466.8
1,433.62,052.22,356.62,045.31,337.7
1,160.41,537.51,987.12,020.31,745.1
1,292.21,084.21,062.21,703.1
877911920911
1,028910
1,1851,0461,1341,1421,3611,280
1,6941,7841,6051,5061,8071,736
1,8041,9041,6641,6541,7551,667
1,234.0
994.7974.3991.4
1,012.4970.5
963.7778.6843.9899.4810.6
812.91,151.01,309.21,132.0
892.21,162.41,450.91,433.31,194.1
852.2705.4662.6
1,066.9
283.0
257.4338.7471.5590.8
108.4 450.0
86.661.171.680.985.0
84.8120.3141.3118.368.1
64.085.9
121.7125.0122.0
109.591.180.0
114.9
422.5325.1376.1527.3571.2
535.9780.9906.2795.0381.6
204.3289.2414.4462.0429.0
330.5287.7319.6521.3
1,208.3
998.01,064.21,186.61,334.71,285.8
1,239.8971.9
1,141.01,353.41,323.7
1,351.51,924.62,218.91,819.51,074.4
939.21,296.21,690.01,800.51,551.8
1,190.6985.5
1,000.51,593.7
938.3
746.1722.8716.2750.2720.1
709.9563.2650.6694.7625.9
646.8906.1
1,033.1882.1643.8
675.5893.6
1,126.11,182.6
981.5
710.4564.3546.4894.3
77.1
64.667.687.1
118.9100.8
84.861.073.084.385.2
132.9148.6117.064.3
63.993.1
121.3130.6125.4
114.5101.888.3
132.7
Seasonally adjusted annual rates
192.9
187.4273.8383.3465.6464.9
445.1347.7417.5574.4612.7
616.7885.7
1,037.2820.5366.2
199.8309.5442.7487.3444.8
365.7319.4365.8566.6
585561607583622617
625651683716868842
1,1261,1031,0081,0011,1831,127
1,0321,1351,0311,0021,097972
708368658586
968790667979
10011710011796123
135
no11790133151
222267245263321207
464308361360414359
468564497388528486
637659516562525544
800820883880951924
1,065928
1,0291,1541,2271,326
1,4471,4791,4671,5361,6351,761
1,7821,6521,5061,6301,6421,549
448451475462489513
507515576657738753
866835859841940
1,013
920874837880911898
7273807610587
8588948795111
120114126141136147
137133130142142141
280296328342357324
473325359410394462
461530482554559601
725645539608589510
1 Units in structures built by private developers for sate upon completion to local public housing authorities under the Department ofHousing and Urban Development "Turnkey" program are classified as private housing. Military housing starts, including those financedwith mortgages insured by FHA under Section 803 of the National Housing Act, are included in publicly owned starts and excluded fromtotal private starts.
2 Authorized by issuance of local building permit: in 16,000 permit-issuing places beginning 1978; in 14,000 places for 1972-77; in13,000 places for 1967-71; in 12,000 places for 1963-66; and in 10,000 places prior to 1963.
3 Not available separately beginning January 1970.Source: Department of Commerce, Bureau of the Census.
274
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-48.—Nonfarm business expenditures for new plant and equipment, 1947-84
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
194719481949
19501951195219531954
19551956195719581959
I9601961196219631964
19651966196719681969
19701971197219731974
19751976 ,..197719781979
1980198119821983319843
1982:I11IllIV
1983:1ItIllIV3
1984:|3| | 3
Total
21.80254623.54
25 3230.83315933.5833.13
36 5844.7648.1242.1744.78
486347.82512853.2561.66
70 4382.2283 4288.4599.52
105 61108.53120 25137.70156.98
157 71171.45198.0823124270.46
295 63321.49316.43303.20333.32
326.9532187313J6303.18
293.03293 46304 70321.60
323.07325.42
Plant
8.4710 3810.19
11.0013.1113.1213.8314.09
16 0719.3920.9619.3919.92
20 9421.14221622.2825.01
27 3332.2732 2235.5440.59
44 2746.6849 3656.5864.30
65 2371.1280.1992 63
105.75
117 57133.35134.58
139.07137 52134 43127.32
125 40125 60130 59
Equip-ment
13.3315 0813.35
14.3217.7118.4619.7519.03
20.5125.3727.1622.7824.86
27 7026.68291230.9836.65
431049.95512152.9158.93
613361.8570 8981.1292.67
92 48100.33117.89138 60164.68
178 06188.14181.86
187.89184 34179 33175.86
167.62167 8617412
Plant and equipment
Manufacturing
Total
8.739 257.32
7 7311.07121212.4312.00
12 5016.3317 5012.9813.76
16 3615.5316 0317.2721.23
25 4131.3732 2532.3436.27
36 9933.6035 4242.3753.21
54 9259.9569.2279 7298.68
115 81126.79119.68111.18125.98
127.47122 76118 26110.23
109.86108 79111 12114.97
119.00120.96
Dura-ble
goods
3.393.542.67
3.225.125.755.715.49
5.878.198.596.216.72
8287.437 818.64
10.98
13 4917.2317 8317.9319.97
19 8016.7818 2222.7527.44
26 3328.4734.0440 4351.07
58 9161.8456.4451.4559.87
60.3958.2856 6150.51
50.7448.4853.0653.52
57.1858.09
Non-durablegoods
5.345 714.64
4.515.956 376.726.51
6 628.158916.777.04
8 088.108 228.63
10.25
119214.1514 4214.4016.31
171916.8217 2019.6225.76
28 5931.4735.1839 2947.61
56 9064.9563.2359.7466.11
67.0864 48616559.72
591260 3158 0661.45
61.8162.86
Total
13.07162116.22
17.5919.76194721.1621.13
24 0828.4330 6229.1931.02
32 2832.2935 2535.9940.43
45 0250.84511856.1163.25
68 6274.9384 8295.33
103.78
102 79111.50128.8715152171.77
179 81194.70196.75192.01207.34
199.4919911195 51192.95
183.17184.67193 59206.62
204.08204.47
Min-ing
0.69.93.88
.841.111211.251.29
1311.641.691.431.35
1.291.261.411.261.33
1.361.421381.441.77
2 022.672 883.314.62
6107.449.24
10 2111.38
13 5116.8615.4512.0013.48
17.4316.3814 5713.41
12.0310.9111.9313.14
12.2513.68
Nonmanufacturing
Transpor-tation
2.212.662.30
2.383.052.992.972.42
2 603.073.352.343.17
3.192.823.263.364.46
5.466.436.346.797.04
6 955.936727.418.23
8.688.899.40
10 6812.35
12 0912.0511.9511.2510.96
12.0012.1711.2912.33
11.0410.8811.0012.10
10.7811.42
Publicutili-ties
1.642.673.28
3.4?3.753.964.614.23
4.264.785.955.745.46
5.405.205.125.335.80
6.497.829.33
10.5211.70
13.0314.7016.2617.9719.83
19.9822.3726.7929.9533.96
35.4438.4041.9542.6244.17
40.3541.4543.0243.00
41.6141.4842.2245.17
41.8242.30
Tradeand
serv-ices1
6.136.927.13
8.378.838.058.949.59
11.4913.6413.6814.1115.40
16.1516.5318.2718.5720.38
22.1324.6923.0225.3128.31
29.7734.2040.0045.5347.79
46.2349.3056.5468.6679.26
81.7986.3386.9588.0296.35
87.8288.7486.8884.36
82.3885.8591.0692.79
96.9895.03
Com-munication
andother2
2.403.042.63
2.583.033.253.383.60
4.425.305.965.585.63
6.256.487.197.478.46
9.5810.4911.1112.0614.43
16.8517.4318.9621.1223.30
21.8023.5126.9032.0234.83
36.9941.0640.4638.1142.38
41.8740.3639.7539.84
36.1135.5437.3843.42
42.2542.03
1 Wholesale and retail trade; finance, insurance, and real estate; and personal, business, and professional services.2 "Other" consists of construction; social services and membership organizations; and forestry, fisheries, and agricultural services.3 Planned capital expenditures reported by business in late October-December 1983, corrected for biases.Source: Department of Commerce, Bureau of Economic Analysis.
275
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TABLE B-49-—Sales and inventories in manufacturing and trade 1947-83
[Amounts in millions of dollars; monthly data seasonally adjusted]
Year or month
Total manufacturing andtrade
Sales1 Inven-tories2 Ratio3
Manufacturing
Sales1 Inven-tories2 Ratio3
Merchant wholesalers
Sates1 Inven-tories2 Ratio'
Retail trade
Sales1 Inven-tories2
194719481949
19501951195219531954
19551956195719581959
19601961196219631964
1965 :..,1966196719681969
19701971197219731974
19751976197719781979
198019811982
1982:JanFehMarAprMayJune
JulyAugSeptOctNovDec
1983:JanFebMarAprMay
JulyAugSept..OctNov P
35,26033,788
38,59643,35644,84047,98746,443
51,69454,06355,87954,20159,729
60,82761,15965,66268,99573,682
80,28387,18790,34898,104105,003
107,448116,017130,030153,412177,625
182,230204,277229,624260,307297,663
327,284356,099344,179
340,746345,687347,061344,934353,110349,742
347,676343,426342,882336,905338,722338,391
345,337341,490348,009351,100363,925373,572372,434374,358380,089382,209386,841
52,50749,497
59,82270,24272,37776,12273,175
79,51687,30489,05287,09392,129
94,71395,594101,063105,480111,503
120,907136,790144,796155,697169,343
177,556187,766201,950233,237285,807
288,375318,544351,036398,890450,736
492,885526,152511,942
523,647521,291520,440523,370519,119521,040
521,145521,257521,000519,797513,888511,942
507,550507,665503,222504,796505,658505,521
505,826510,430513,883515,999518,291
1.421.53
1.361.551.581.581.60
1.471.551.591.601.50
1.561.541.501.491.47
1.451.471.561.541.55
1.621.581.491.411.45
1.571.481.461.441.43
1.451.441.51
1.541.511.501.521.471.49
1.501.521.521.541.521.51
1.471.491.451.441.391.35
1.361.361.351.351.34
15,51317,31616,126
18,63421,71422,52924,84323,355
26,48027,74028,73627,24730,286
30,87930,92333,35735,05837,331
40,99544,87046,48750,22853,501
52,80555,90663,02372,93784,794
86,59598,802113,202126,905143,936
154,391168,129159,177
157,498160,740160,162159,118163,007163,120
162,417160,016160,458154,194154,318154,543
158,239158,081161,803163,065167,965173,920
172,598175,989178,590176,790181,029
25,89728,54326,321
31,07839,30641,13643,94841,612
45,06950,64251,87150,24152,945
53,78054,88558,18660,04663,409
68,18577,95284,66490,61898,202
101,651102,658108,238124,628157,792
159,934175,193189,195210,415241,113
264,114282,333264,902
280,794280,941279,337278,468276,356274,912
274,629273,809271,675270,786267,920264,902
262,117260,856257,304257,397258,149257,390
258,176259,834260,021260,816260,988
1.581.571.75
1.481.661.781.761.81
1.621.731.801.841.70
1.751.741.701.691.64
1.601.621.761.741.77
1.901.831.671.581.65
1.841.691.611.571.57
1.661.641.73
1.781.751.741.751.701.69
1.691.711.691.761.741.71
1.661.651.591.581.541.48
1.501.481.461.481.44
6,8086,514
7,6958,5978,7829,0528,993
9,89310,51310,47510,25711,491
11,65611,98812,67413,38214,529
15,61116,98719,44820,84622,609
23,94326,25729,58438,01447,748
46,62350,69455,98766,11778,680
92,658100,67395,363
96,70696,89899,19897,34899,29098,019
95,79094,34192,52791,80691,91291,389
94,79092,24592,94392,58697,529100,479
100,315100,568102,297104,578103,831
7,9577,706
9,2849,88610,21010,68610,637
11,67813,26012,73012,73913,879
14,12014,48814,93616,04817,000
18,31720,76524,83326,13428,624
32,03835,04538,63345,37256,948
56,69764,07872,31185,68598,394
112,341116,986118,790
117,266115,029115,861119,423118,132119,828
119,854119,190119,537120,162118,349118,790
117,564116,417116,591117,498115,855115,630
115,745116,813118,410119,882119,555
1.131.19
1.071.161.121.171.18
1.131.191.231.241.15
1.221.201.161.151.14
1.151.151.241.231.22
1.271.271.241.111.07
1.211.191.211.201.18
1.141.131.24
1.211.191.171.231.191.22
1.251.261.291.311.291.30
1.241.261.251.271.191.15
1.151.161.161.151.15
10,20011,13511,149
12,26813,04613,52914,09114,095
15,32115,81116,66716,69617,951
18,29418,24919,63020,55621,823
23,67725,33024,41327,03028,893
30,70033,85337,42242,46245,082
49,01254,78160,43567,28675,047
80,23587,29889,640
86,54288,04987,701
90,81388,603
89,46989,06989,89790,90592,49292,459
92,30891,16493,26395,44998,43199,173
99,52197,80199,202
100,841101,981
14,24116,00715,470
19,46021,05021,03121,48820,926
22,76923,40224,45124,11325,305
26,81326,22127,94129,38631,094
34,40538,07335,29938,94542,517
43,86750,06355,07963,23771,067
71,74479,27389,530
102,790111,229
116,430126,833128,250
125,587125,321125,242125,479124,631126,300
126,662128,258129,788128,849127,619128,250
127,869130,392129,327129,901131,654132,501
131,905133,783135,452135,301137,748
1 Monthly average for year and total for month.2 Seasonally adjusted, end of period.3 Inventory/sales ratio. For annual pew
inventories at end of month to sales for month.average inventories to average monthly sales; for monthly data, ratio of
Note.—Earlier data are not strictly comparable with data beginning 1958 for manufacturing and beginning 1967 for wholesale andretail trade.
The inventory figures in this table do not agree with the estimates of change in business inventories included in the gross nationalproduct since these figures cover only manufacturing and trade rather than allijusiness, and show inventories in terms of current bookvalue without adjustment for revaluation.
Source: Department of Commerce, Bureau of the Census.
276
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TABLE B-50.—Manufacturers' shipments and inventories, 1947-83
[Millions of dollars; monthly data seasonally adjusted]
Shipments'
Total
Dura-ble
goodsindus-tries
Non-durablegoodsindus-tries
Inventories2
Total
Durable goods industries
TotalMate-
rials andsupplies
Workin
proc-Finished
goods
Nondurable goods industries
TotalMate-
rials andsupplies
Workin
proc-ess
Finishedgoods
15,51317,31616,12618,63421,71422,52924,84323,355
26,48027,74028,73627,24730,286
30,87930,92333,35735,05837,331
40,99544,87046,48750,22853,50152,80555,90663,02372,93784,794
86,59598,802113,202126,905143,936154,391168,129159,177
157,498160,740160,162159,118163,007163,120162,417160,016160,458154,194154,318154,543
158,239158,081161,803163,065167,965173,920
172,598175,989178,590176,790181,029
6,6947,5797,191
8,84510,49311,31313,34911,82814,07114,71515,23713,56315,609
15,88315,61617,26218,28019,63722,22124,64925,26727,65929,437
28,18829,95434,02439,68644,228
43,65650,68959,26767,84876,06077,55083,87276,843
76,46378,52578,73077,80879,68079,197
78,85677,25076,41972,47873,00573,495
77,74477,76979,59580,24182,66986,582
85,64687,91888,97088,22892,191
8,8199,7388,935
9,78911,22111,21611,49411,527
12,40913,02513,49913,68414,677
14,99615,30716,09516,77817,69418,77420,22021,22022,57024,064
24,61725,95229,00033,25040,567
42,93948,11353,93559,05767,87676,84184,25782,334
81,03582,21581,43281,31083,32783,923
83,56182,76684,03981,71681,31381,048
80,49580,31282,20882,82485,29687,338
86,95288,07189,62088,56288,838
25,89728,54326,321
31,07839,30641,13643,94841,61245,06950,64251,87150,24152,945
53,78054,88558,18660,04663,40968,18577,95284,66490,61898,202
101,651102,658108,238124,628157,792
159,934175,193189,195210,415241,113264,114282,333264,902
280,794280,941279,337278,468276,356274,912
274,629273,809271,675270,786267,920264,902
262,117260,856257,304257,397258,149257,390
258,176259,834260,021260,816260,988
13,06114,66213,060
15,53920,99123,73125,87823,710
26,40530,44731,72830,25832,07732,37132,54434,63235,86638,506
42,25749,92055,00558,87564,739
66,78066,28970,25081,398
101,739102,874112,581121,575137,834160,554
174,547186,222175,200
185,238185,200184,319184,053183,378182,811182,099181,543180,520179,675177,061175,200
172,506171,572169,377169,814170,734169,840
169,693170,576170,385170,628170,934
8,9667,8949,19410,41710,60810,03210,776
10,35310,27910,81011,06811,97013,32515,48916,45517,37618,693
19,18219,75920,86026,02835,151
33,92037,54840,25645,21152,67855,13757,95352,543
57,71057r54156,68456,53855,88955,61855,35454,92754,35553,96953,10052,543
51,45351,41050,01650,26850,58250,333
50,13750,84951,00651,01651,389
10,7209,721
10,75612,31712,83712,38713,06312,77213,20314,15914,87116,191
18,07521,93925,00527,33630,408
29,84828,65030,78835,54542,603
43,36946,34550,59958,66469,314
76,99981,10777,908
80,51280,47380,24680,08079,89079,80279,04478,89178,77678,97378,30877,908
77,14176,42075,89676,01876,68675,928
76,08176,11676,27076,85776,619
6,2066,0406,3487,5658,1257,8398,239
9,2459,0639,6629,92510,34410,85412,49113,54714,16315,639
17,75117,88018,60119,82323,985
25,58628,69030,72033,95938,562
42,41147,16244,749
47,01647,18647,38947,43547,59947,39147,70147,72547,38946,73345,65344,749
43,91243,74243,46543,52843,46643,579
43,47543,61143,10942,75542,926
12,83613,88113,261
15,53918,31517,40518,07017,90218,66420,19520,14319,98320,868
21,40922,34123,55424,18024,903
25,92828,03229,65931,74333,46334,87136,36837,98843,23056,053
57,06062,61267,62072,58180,55989,56796,11189,702
95,55695,74195,01894,41592,97892,10192,53092,26691,15591,11190,85989,702
89,61189,28487,92787,58387,41587,550
88,48389,25889,63690,18890,054
8,3178,167
8,5568,9718,7758,6629,080
9,0829,4939,8139,978
10,131
10,44811,15511,71512,28912,724
13,15013,68314,67618,13223,699
23,54225,83327,40129,31232,477
36,19437,72635,140
37,63037,65337,13337,28936,99036,632
36,64636,38935,80135,46535,50935,140
35,36035,25734,81534,72234,59234,989
35,03135,81436,17636,11636,115
2,4722,4402,5712,7212,8642,8282,944
2,9463,1103,2963,4063,511
3,8064,2044,4214,8485,122
5,2745,6655,9826,7078,175
8,8379,933
10,99611,92113,750
15,70415,99514,241
15,80415,49715,37515,37315,26715,301
15,36415,30614,94914,77214,60814,241
14,37814,47714,16414,34714,17414,206
14,44114,44014,47714,70814,813
7,4097,415
7,6668,6228,6248,4918,845
9,3809,738
10,44410,79611,261
11,67412,67313,52314,60615,617
16,44817,01917,33018,39124,179
24,68126,84629,22331,34834,332
37,66942,39040,321
42,12242,59142,51041,75340,72140,168
40,52040,57140,40540,87440,74240,321
39,87339,55038,94838,51438,64938,355
39,01139,00438,98339,36439,126
1 Monthly average for year and total for month.2 Book value, seasonally adjusted, end of period.Note.—Data beginning 1958 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.
277
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TABLE B-51.—Manufacturers' new and unfilled orders, 1947-83
[Amounts in millions of dollars; monthly data seasonally adjusted]
Year or month
New orders1
Total
Durable goodsindustries
Total
Capitalgoodsindus-tries,non-
defense
Non-durablegoods
industries
Unfilled orders2
TotalDurablegoods
industries
Non-durablegoods
industries
Unfilled orders—shipmentsratio3
TotalDurablegoods
industries
194719481949195019511952195319541955195619571958195919601961196219631964
19651966196719681969
19701971197219731974
197519761977197819791980198119821982:JanFebMar
(Jayi;June....JulyAugSept....OctNovDec
1983:JanFebMar
ft::::June....JulyAugSept....OctNov
15,25617,69315,614
20,11023,90723,20423,58622,335
27,46528,36827,55927,00230,724
30,23531,10433,43635,52438,357
42,10046,40247,05650,68753,950
52,03855,98364,16776,25987,26885,14999,543115,061131,616147,466156,142167,924157,371
157,694159,115159,576157,846159,466159,986158,913155,700156,572152,362152,604157,382
162,871157,757162,587166,025169,874178,489
175,455178,302180,961181,802185,484
6,3888,1266,63310,16512,84112,06112,14710,768
14,99615,36514,11113,29016,003
15,30315,75917,37418,70920,652
23,27826,17725,82528,11629,871
27,38829,99835,06442,93046,85342,01951,39861,11172,40979,51379,34183,72575,103
76,69577,35778,17676,73676,35376,15775,56372,96572,34870,73571,06776,180
82,35577,44979,95183,10184,45690,905
88,23489,97890,99693,36696,524
6,9037,660
6,7387,4448,62210,97112,67311,01112,79915,29119,45823,231
23,25924,05920,687
21,86022,40721,70822,80620,30619,93219,93118,74120,21720,12719,98319,679
20,50719,17520,03222,59222,22824,289
21,58023,02825,21326,00324,436
8,8689,5668,981
9,94511,06611,14311,43911,566
12,46913,00313,44813,71214,720
14,93215,34516,06116,81517,70518,82320,22521,23122,57124,079
24,65025,98629,10433,33040,415
43,13048,14553,95059,20767,95376,80184,19982,268
80,99881,75881,40081,11083,11383,82983,35082,73584,22481,62781,53781,202
80,51680,30882,63682,92485,41887,584
87,22188,32489,96588,43688,960
34,47330,73624,04541,45667,26675,85761,17848,266
60,00467,37553,18347,37052,732
45,08047,40748,57754,32766,88280,07198,401104,547109,926115,422
106,158107,147121,061161,256191,102
173,829182,499205,675262,671305,453325,908323,346300,971
323,542321,917321,331320,059316,518313,384309,880305,564301,678299,846298,132300,971
305,599305,268306,053309,015310,922315,488
318,348320,664323,032328,041332,498
28,57926,61919,622
35,43563,39472,68058,63745,250
56,24163,88050,35244,55949,37342,51444,37545,96551,27063,691
76,29894,575100,576105,950111,250
101,566102,119114,725153,876185,560
165,930174,211197,215252,385294,230315,185313,337291,764
313,570312,402311,848310,776307,449304,409301,116296,831292,760291,017289,079291,764
296,374296,049296,407299,270301,053305,374
307,963310,024312,048317,185321,520
5,8944,1174,4236,0213,8723,1772,5413,016
3,7633,4952,8312,8113,359
2,5663,0322,6123,0573,1913,7733,8263,9713,9764,1724,5925,0276,3367,3805,542
7,8988,2888,460
10,28611,223
10,72310,0099,207
9,9729,5159,4839,2839,0698,975
8,7648,7338,9188,8299,0539,207
9,2259,2199,6469,7459,86910,114
10,38510,64010,98410,85610,978
3.42
3.633.873.353.093.01
2.782.632.692.803.10
3.333.813.703.853.75
3.653.383.313.914.19
3.803.343,313.643.92
3.853.823.81
3.933.843.823.883.773,77
3.753.763.713.853.803.81
3.753.793.683.693.643.55
3.603.583.543.603.53
1 Monthly average for year and total for month.2 Seasonally adjusted, end of period.3 Ratio of unfilled orders at end of period to shipments for period; excludes, industries with no unfilled orders. Annual figures relate
to seasonally adjusted data for December.
Note.—Data beginning 1958 are not strictly comparable with earlier data.
Source: Department of Commerce, Bureau of the Census.
278
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PRICESTABLE B-52.—Consumer price indexes, major expenditure classes, 2946-83
[1967=100]
Year ormonth
Allitems
Food and
Total l Food
Housing
Total2 ShelterFuel and
otherutilities»
House-hold
furnish-ingsand
oper-ation ^
Appareland
upkeep
Trans-portation
Medicalcare
Enter-tainment
Othergoods
andservices
Ener-gy 3
1946194719481949
1950195119521953195419551956195719581959
58.566.972.171.4
72.177.879.580.1
1960196119621963196419651966196719681969
1970,1971,1972.1973197419751976197719781979
1980198119821983
1982:Jan..Feb..Mar...
May"MayJune
JulyAugSeptOctNovDec
1983:JanFebMar
MayJune
JulyAugSept
NovDec
80.580.281.484.386.687.3
88.789.690.691.792.994.597.2
100.0104.2109.8
116.3121.3125.3133.1147.7161.2170.5181.5195.4217.4
246.8272.4289.1298.4
282.5283.4283.1284.3287.1290.6
292.2292.8293.3294.1293.6292.4
293.1293.2293.4295.5297.1298.1
299.3300.3301.8302.6303.1303.5
100.0103.6108.8
114.7118.3123.2139.5158.7172.1177.4188.0206.3228.5
248.0267.3278.2284.4
273.6275.8275.6276.5278.1280.2
280.8279.9280.1279.6279.1279.1
280.7281.6283.2284.6285.0284.7
2847284.9285.3285.7285.3286.5
58.170.676.673.5
74.582.884.383.082.881.682.284.988.587.1
88.089.189.991.292.494.499.1
100.0103.6108.9
114.9118.4123.5141.4161.7175.4180.8192.2211.4234.5
254.6274.6285.7291.7
281.0283.3283.0283.9285.5287.8
288.5287.4287.6287.0286.4286.5
288.1289.0290.5291.9292.4292.0
292.0292.2292.6292.9292.5293.9
60.665.2
70.9
72.877.278.780.881.782.383.686.287.788.6
90.290.991.792.793.894.997.2
100.0104.0110.4
118.2123.4128.1133.7148.8164.5174.6186.5202.3227.6
263.3293.5314.7323.1
306.1307.3306.7309.4313.8317.5
319.2320.1319.7320.7319.0316.3
317.9318.5318.6320.3321.8323.1
324.5324.8326.4326.8327.0327.4
76.578.279.180.483.485.186.0
87.888.589.690.792.293.896.8
100.0104.8113.3
123.6128.8134.5140.7154.4169.7179.0191.1210.4239.7
281.7314.7337.0344.8
328.3329.5327.6331.4336.7340.9
342.8344.2342.6342.8340.7335.9
338.3339.2339.3341.7342.7343.6
345.3346.6348.5349.8351.1351.8
83.083.585.187.389.991.793.8
95.997.197.398.298.498.398.8
100.0101.3103.6
107.6115.0120.1126.9150.2167.8182.7202.2216.0239.3
278.6319.2350.8370.3
336.2337.1339.3339.2345.4352.2
354.7356.3359.5363.4362.2364.1
365.4364.6363.8363.6369.3373.6
375.5375.1376.4374.4371.3370.6
91.390.989.989.991.992.393.1
93.893.793.894.695.095.397.0
100.0103.8107.7
111.5115.7118.3121.6135.3151.0160.1167.5177.7190.3205.4221.3233.2238.5
228.4230.2231.6232.6233.4233.7
234.1233.4234.2235.4235.1235.7
235.8236.7237.6239.0238.4238.6
238.9238.0238.9349.4239.9240.5
67.578.283.380.1
79.086.185.384.684.584.185.887.387.588.2
89.690.490.991.992.793.796.1
100.0105.4111.5
116.1119.8122.3126.8136.2142.3147.6154.2159.6166.6
178.4186.9191.8196.5
187.3188.0191.1191.9191.5190.8
189.7191.8194.9195.5195.4193.6
191.0192.0194.5195.5196.1195.6
195.0197.3200.4200.7200.7199.3
50.355.561.866.4
68.272.577.379.578.377.478.883.386.089.6
89.690.692.593.094.395.997.2
100.0103.2107.2
112.7118.6119.9123.8137.7150.6165.5177.2185.5212.0
249.7280.0291.5298.4
289.9288.0285.1282.9285.6292.8
296.1296.2295.3295.5295.8294.8
293.0289.9287.4292.3296.2298.3
300.4302.4303.7305.0306.3306.3
44.448.151.152.7
53.756.359.361.463.464.867.269.973.276.4
79.181.483.585.687.389.593.4
100.0106.1113.4
120.6128.4132.5137.7150.5168.6184.7202.4219.4239.7
265.9294.5328.7357.3
313.4316.2318.8321.7323.8326.4
330.0333.3336.0338.7342.2344.3
347.8351.3352.3353.5354.3355.4
357.7360.0361.2362.9364.9366.2
100.0105.7111.0
116.7122.9126.5130.0139.8152.2159.8167.7176.6188.5
205.3221.4235.8246.0
229.2231.2232.8233.9234.4235.6
236.6237.4238.3240.3239.9240.1
241.5243.1244.6244.6244.8245.4
246.0246.6247.5249.1249.5249.5
100.0105.2110.4
116.8122.4127.5132.5142.0153.9162.7172.2183.3196.7
214.5235.7259.9288.3
248.4250.3252.2253.8255.0255.8
257.2258.3266.6271.2273.8276.6
279.9281.6281.9283.2283.6284.5
287.5289.0294.4296.8298.1298.6
90.190.391.8
94.294.494.795.094.696.397.8
100.0101.5104.2
107.0111.2114.3123.5159.7176.6189.3207.3220.4275.9
361.1410.0416.1419.3
416.4413.0406.1395.7402.1418.6
424.5424.5424.2425.0422.6419.9
414.5406.7399.9410.0421.3427.3
430.1429.8429.3425.1419.9418.0
1 Includes alcoholic beverages, not shown separately.2 Series beginning 1967 not comparable with series for earlier years.3 See tables B-53 and B-54.
Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs and therefore are not strictly comparable with
earlier figures. See Economic Report of the President, February 1983 for homeownership costs as measured prior to 1983.
Source: Department of Labor, Bureau of Labor Statistics.
279
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-53.—Consumer price indexes, selected expenditure classes, 1946-83
[1967-100]
Year or month
Food and beverages
Tota l l
Food
Total homeAwayfromhome
Shelter
Total
Renters' costs
TotalRent,resi-
dential
Home-owners'
Mainte-nanceand
Fuel and other utilities
Total
Household fuels
Total
Fuel oil,coal,and
bottledgas
(piN)and
electric-ity
194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831982:
Jan
Mar...
MayJuneJulyAugSeptOctNovDec
1983:JanFebMarAprMayJuneJulyA 8SeptOctNovDec
100.0103.6108.8114.7118.3123.2139.5158.7172.1177.4188.0206.3228.5248.0267.3278.2284.4
273.6275.8275.6276.5278.1280.2280.8279.9280.1279.6279.1279.1
280.7281.6283.2284.6285.0284.7
284.7284.9285.3285.7285.3286.5
58.170.676.673.574.582.884.383.082.881.682.284.988.587.1
89.991.292.494.499.1
100.0103.6108.9
114.9113.4123.5141.4161.7175.4180.8192,2211.4234.5
254.6274.6285.7291.7
281.0283.3283.0283.9285.5287.8288.5287.4287.6287.0286.4286.5
288.1289.0290.5291.9292.4292.0292.0292.2292.6292.9292.5293.9
73.579.876.777.6S6.387.886.285.884:184.487.291.0
89.690.491.092.293.295.5
100.3100.0103.2108.2
113.7116.4121.6141.4162.4175.8179.5190.2210.2232.9251.5269.9279.2282.2
275.3278.0277.1277.9279.8282.6282.8280.8280.6279.4278.3277.8
279.3280.3281.9283.4283.8283.0282.8282.5282.5282.3281.4283.0
59.261.165.168.0
68.970.170.872.274.977.279.3
81.483.285.487.388.990.995.1
100.0105.2111.6
119.9126.1131.1141.4159.4174.3186.1200.3218.4242.9
267.0291.0306.5319.9
299.3301.2302.4303.6304.8305.9307.6308.7309.8310.7311.4312.6
314.5315.2316.5318.0318.6319.3319.8321.0322.2323.9324.8325.5
76.578.279.180.483.485.186.0
87.888.589.690.792.293.896.8
100.0104.8113.3
123.6128.8134.5140.7154.4169.7179.0191.1210.4239.7281.7314.7337.0344.8
328.3329.5327.6331.4336.7340.9342.8344.2342.6342.8340.7335.9
338.3339.2339.3341.7342.7343.6
345.3346.6348.5349.8351.1351.8
70.473.276.280.383.284.385.987.589.190.491.792.994.095.095.996.998.2
100.0102.4105.7
110.1115.2119.2124.3130.6137.3144.7153.5164.0
103.0
100.0
100.8101.2101.4101.8102.2102.5
103.1103.7104.4104.8105.0105.1
176.0191.6208.2224.0236.9
217.8218.6219.6220.1221.8222.6224.8226.0226.9228.9230.2230.8
102.5
232.2233.1233.6234.5235.1235.9237.1238.2239.5240.4241.3242.0
100.0
100.7100.9100.9101.7102.0102.2
102.7103.0103.5103.9104.3104.5
71.272.474.177.280.581.883.2
84.685.986.587.789.591.395.2
100.0106.1115.0
124.01337140.7151.0171.6187.6199.6214.7233.0256.4
285.7314.4334.1346.3
326.7328.2327.2331.6334.5336.1334.7335.9338.4339.4339.0337.8
342.9339.4339.9343.6344.3345.1
346.1347.9346.6351.1353.4354.7
83.083.585.187.389.991.793.8
95.997.197.398.298.498.398.8
100.0101.3103.6
107.6115.0120.1126.9150.2167.8182.7202.2216.0239.3278.6319.2350.8370.3
336.2337.1339.3339.2345.4352.2354.7356.3359.5363.4362.2364.1
365.4364.6363.8363.6369.3373.6375.5375.1376.4374.4371.3370.6
100.0101.4103.4107.9115.3120.1128.4160.7183.8202.3228.6247.4286.4
349.4407.0446.2469.2
426.9427.6430.5428.2438.0448.4452.0454.0458.5464.5461,9464.0
463.5461.5459.7459.2468.3475.2477.7476.5478.3474.4468.1467.4
51.358.468.670.372.776.578.081.581.282.385.990.388.789.8
89.291.091.593.2S2.794.697.0
100.0103.1105.6110.1117.5118.5136.0214.6235.3250.8283.4298.3403.1556.0675.9667.9628.0
686.0683.1664.0641.3644.6
. 656.6659.9659.9662.8677.2691.3688.5
671.1654.0625.3610.6621.0620.0
619.3619.0623.2624.7623.9623.9
See next page for continuation of table.
280
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-53.—Consumer price indexes, selected expenditure classes, 1946-83—Continued
[1967=100]
Year or month
194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831982: '
JanFebMarAprMayJune...:::::...:::::::::::::::::::::::JulyAugSeptoct!.::::::::::::::::;:::NovDec
1983:JanFebMarAprMayJuneJulyHUESeptOctNovDec
Transportation
Total
50.355.561866.468.272.577 379.578.377 478.883.386.089.689.690 692.593.094.395.997.2100 0103.2107.2112.7118 6119.9123 8137.7150 6165 5177.2185 5212.0249.7280 0291.5298.4
289 9288.02851282 9285 6292.82961296 2295 3295.5295.8294.8
293 0289.9287.4292.3296 2298.3300 4302 4303 7305.0306.3306.3
Total2
54.361.568 272.372.575.880.882.480.378.980.184.787.491.190.691.393.093.494.796.397.5100.0103.0106.5111.1116.6117.5121.5136.6149.8164 6176.6185.0212.3249.2277 5287.5293.9
286.6284.5281.3278.82815288.9292.3292.42911291.1291.4290.4
288 4285.2282.7287.5291.7293.8296 0298 0299 2300.4301.7301.8
Private transportatiof
N e wcars
69.2"75 682.883.487.494 995.894.390 993.598 4101.5105.9104.5104 5104.1103.5103.2100.999.1100 0102.8104.4107.6112 0111.0111 1117.5127 6135 7142.9153 8166.0179.3190 2197.6202.6
197 4195.5194 4196 0197 5198.1198 6198 7197 7197.7199.0200.1
2010201.3201.2201.12016201.620142021202 7204.3206.2207.0
Usedcars
89.275.971.869.177.480.289.583.686 994.896.0100.199.497.0100.0
104.3110 2110.5117 6122.6146 4167 9182.8186.5201.0208.1256 9296.4329.7
280.5279.7280.928512914298.2302.4304 4304 6306.7310.5312.6
3110309.1309.3312.7317.1322.7329 6336 8343 9350.4356.1357.6
Motorfuel3
54.962.270 472.371.873.975 880.382 583 686.590 088.889.992 591491.991.891.494.997.0100 0101.4104.7105.6106 3107.61181159.9170 8177 9188.2196 3265.6369.1410 9389.4376.4
4061399.2384 1366 9370 6392.4400 2398 4394 2390.7388.3381.7
372 2359.7348.8367.6380 7385.9389 0389 4387 0382.5378.3375.4
l
Auto-mobilemainte-nanceand
repair
52.056.459 661.162.367.068.672.374.876 579.582 483.785.587.289 390.491.692.894.596.2100 0105.5112.2120.6129.2135.1142 2156.8176 6189 7203.7220 6242.6268.3293 6315.8330.0
305.5307.7310.2311.9313 6316.0318.0319.2320 6321.9322.3323.1
324 4325.9326.6327.4328.7329.5329 83310332 3333.5335.2335.4
Other
100 0103.4109.7119.2128 4129.1127 8132.414121631177.3184 6198.6222.62413257.8260.8
253 3253.4254.52551255 7258.7260 8260 8260 0261.4260.7259.6
259 9259.7259.2258.4258 7258.1258 6260 0260 8263.3265.6266.8
Publictranspor-tation
34.436.040 745.248.954.057 561.365 567 470.011176.178.381.084 687.488.590.191.995.2100 0104.6112.7128.5137 7143.4144 8148.0158.6174 2182.4187.8200.3251.6312 0346.0362.6
334 9336.8336.7339.33421345.6347.2348.1353 3356.3356.0355.6
357.7355.2354.5361.1359.2361.2363.2365.0366.6368.2370.3369.0
Medical care
Total
44.448.151152.753.756.359.361.463.464 867.269 973.276.479.181483.585.687.389.593.4100.0106.1113.4120.6128.4132.5137.7150.5168.6184.7202.4219.4239.7265.9294.5328.7357.3
313.4316.2318.8321.7323.8326.4330.0333.3336.0338.7342.2344.3
347.8351.3352.3353.5354.3355.4357.7360.0361.2362.9364.9366.2
Medicalcarecom-
modities
76.281.886.187.488.591.091.892.693.794.796.799.3102.8104.4104.5103 3101.7100.8100.5100.2100.5100.0100.2101.3103.6105.4105.6105.9109.6118.8126.0134.1143.5153.8168.1186.5205.7223.3
195.9197.7200.0202.4204.1205.6206.5208.2209.9211.6212.9213.7
215.3216.7218.6221.2222.5223.2224.2225.4226.3227.5228.9229.9
Medi-calcareserv-ices
40.143.546 448.149.251.755.057.058.760 462.865 568.772.074.977 780.282.684.687.392.01000107.3116.0124.2133.3138.2144.3159.1179.1197.1216.7235.4258.3287.4318.2356.0387.0
339.4342.4345.1348.0350.2353.0357.3361.0364.0366.9371.0373.4
377.4381.5382.2382.8383.5384.6387.2389.8391.0392.9395.0396.2
1 Includes alcoholic beverages, not shown separately.2 Includes direct pricing of new trucks and motorcycles, beginning September 1982.3 Includes direct pricing of diesel fuel and gasohol beginning September 1981.* Not available.Note.—Data beginning id78 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs and therefore are not strictly comparable with
earlier figures. See Economic Report of the President, February 1983 for homeownership costs as measured prior to 1983.Source: Department of Labor, 8ureau of labor Statistics.
281
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-54.—Consumer price indexes, commodities, services, and special groups, 1939-83
[1967=100]
Year ormonth
Allitems
Commodities
Ailcom-
moditiesFood
Commodities less food
All DurableNon-
durable
Services
Allservices
Medi-cal
careserv-ices
Serv-icesless
medi-cal
care
Special indexes
Allitemslessfood
Allitemsless
energy
Allitemslessfoodand
ener-gy
Ener-gy1
1939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
197019711972.19731974.1975.1976.1977.1978.1979.
1980.1981.1982.1983.
1982:JanFebMar....AprApiMalay...,June,.,
July...,Aug...,Sept..OctNov...Dec...,
1983:JanFebMar...
J&jZ.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
116.3121.3125.3133.1147.7161.2170.5181.5195.4217.4
246.8272.4289.1298.4
282.5283.4283.1284.3287.1290.6
292.2292.8293.3294.1293.6292.4
293.1293.2293.4295.5297.1298.1299.3300.3301.8302.6303.1303.5
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
113.5117.4120.9129.9145.5158.4165.2174.7187.1208.4
233.9253.6263.8271.5
258.8259.5258.8258.9261.5265.1
266.5266.4266.6267.5267.8267.7
267.2266.7266.7269.2270.9271.6272.5273.4274.5275.0275.2275.5
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
114.9118.4123.5141.4161.7175.4180.8192.2211.4234.5
254.6274.6285.7291.7
281.0283.3283.0283.9285.5287.8
288.5287.4287.6287.0286.4286.5
288.1289.0290.5291.9292.4292.0292.0292.2292.6292.9292.5293.9
47.7
48.050.456.058.461.664.168.176.882.781.5
81.487.588.388.587.586.987.890.591.592.7
93.193.494.194.895.696.297.5
100.0103.7108.1
112.5116.8119.4123.5136.6149.1156.6165.1174.7195.1
222.0241.2250.9259.0
245.9246.0245.2245.0247.8251.9
253.5253.8253.9255.4256.0255.8
254.4253.2252.4255.4257.6258.9260.2261.4262.9263.6264.1263.8
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
111.8116.5118.9121.9130.6145.5154.3163.2173.9191.1
210.4227.1241.1253.0
233.4233.7233.5235.8239.8243.2
244.7244.6244.1246.0246.6247.3
247.3247.1247.4248.7249.5251.2252.9254.3256.4258.7261.0261.8
44.3
44.746.751.653.856.658.662.972.277.876.3
76.282.082.483.183.583.585.387.688.289.3
90.791.291.892.793.594.897.0
100.0104.1108.8
113.1117.0119.8124.8140.9151.7158.3166.5174,3198.7
235.2257.5261.6266.3
260.2260.1258.4255.0256.2261.2
263.0263.6264.6265.7266.1264.7
262.4260.5258.9263.0266.3267.3268.4269.6270.6270.2269.5268.5
43.5
43.644.245.646.447.548.249.151.154.356.9
58.761.864.567.369.570.972.775.678.580.8
83.585.286.888.590.292.295.8
100.0105.2112.5
121.6128.4133.3139.1152.1166.6180.4194.3210.9234.2
270.3305.7333.3344.9
323.9325.3325.5328.4331.8334.9
337.0338.9339.7340.3338.6335.6
337.9338.9339.4341.2342.6344.0345.6346.8349.0350.2351.0351.6
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
124.2133.3138.2144.3159.1179.1197.1216.7235.4258.3
287.4318.2356.0387.0
339.4342.4345.1348.0350.2353.0
357.3361.0364.0366.9371.0373.4
377.4381.5382.2382.8383.5384.6387.2389.8391.0392.9395.0396.3
47.2
77.680.482.5
85.286.788.189.691.293.296.4
100.00104.9112.0
121.3127.7132.6138.3151.0164.7177.7190.6206.9230.1
266.6302.2328.6338.1
320.0321.1321.1324.0327.5330.7
332.5334.1334.8335.1332.9329.3
331.4332.2332.7334.5336.0337.4338.9339.9342.2343.3344.1344.5
47.348.752.153.655.756.959.464.969.670.3
71.175.777.579.079.579.781.183.885.787.3
88.889.790.892.093.294.596.7
100.0104.4110.1
116.7122.1125.8130.7143.7157.1167.5178.4191.2213.0
244.0270.6288.4298.3
281.4282.1281.7282.9286.0289.7
291.5292.5292.9294.0293.6292.1
292.6292.6292.4294.7296.5297.8299.3300.5302.3303.2303.9304.0
83.986.387.0
88.389.390.491.692.994.397.3
100.0104.4110.3
117.0122.0126.1133.8146.9160.2169.2179.8193.8213.1
238.0261.7279.3289.3
272.1273.4273.6275.7278.3280.7
282.C282.7283.1284.0283.6282.5
283.8284.7285.6287.0287.6288.2289.2290.3292.1293.4294.4295.0
83.385.287.0
88.389.390.591.693.094.396.6
100.0104.6110.7
117.6123.1126.9131.3142.2155.3165.5175.8188.7207.0
232.8257.1276.1287.0
268,5269.5269.8272.2274.9277.3
278.7279.8280.4281.5281.2279.9
281.1282.0282.6284.0284.7285.5286.8288.2290.2291.8293.2293.6
90.190.391.8
94.294.494.795.094.696.397.8
100.0101.5104.2
107.0111.2114.3123.5159.7176.6189.3207.3220.4275.9
361.1410.0416.1419.3
416.4413.0406.1395.7402.1418.6
424.5424.5424.2425.0422.6419.9
414.5406.7399.9410.0421.3427.3430.1429.8429.3425.1419.9418.0
1 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and motor fuel. Motor oil, coolant, etc. also included through 1982.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs and therefore are not strictly comparable with
earlier figures. See Economic Report of the President, February 1983 for homeownership costs as measured prior to 1983.Source: Department of Labor, Bureau of Labor Statistics.
282Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-55.—Changes in consumer price indexes, 1958-83
[Percent change]
Year or month
1958195919601961196219631964196519661967196819691970197119721973197419751976197719781979
1980198119821983
1982:JanFebMarAprMayJune ..JulyAygSeptOct .NovDec
1983:Jan ..Feb .MarAprMayJune ..JulyAugSeptOctNovDec
All items
Dec.to
Dec1
1.81.51.5
71.216li2193.430476.15.5343.488
12.27.04.86.890
13.3
12.48.93.93.8
Yearto
Year
27.8
1.6101.1121.3172.929425459433362
11.0915.86577
113
13.510 46.13.2
All items lessfood
Dec.to
Dec1
1.62.31.0111.2161.0163.3354.95.76.5313.056
12.27.16.26.385
14.0
12.99.94.04.1
Yearto
Year
2.31.91.7101.2131.3142.3344.45.56.04.63.03.99.99.36.66.57.2
11.4
14.610.96.63.4
All items lessenergy
Dec.to
Dec1
191.41.4
81.2181.3193.531496.45.6333.583
11.56.74.66.892
11.1
11.7864.24.4
Yearto
Year
2.9.8
1.5111.2131.4153.2284.45.76.14.33.46.19.89.15.66.37.8
10.0
11.710.06.73.6
All items fessfood andenergy
Dec.to
Dec1
1.82.2
.8151.1181.2153.33 95.16.16.63.13.04.7
11.36.76.16.48.5
11.3
12.19.64.54.9
Yearto
Year
232.11.5111.3121.5142.435465.86.2473.1358.39.26.66,2739.7
12.510.47.43.9
All items less food,energy, and shelter
Dec.to
Dec1
4.65.05.73.22.63.5
11.36.47.05.26.57.2
9.99.46.15.0
Yearto
Year
4.64.85.14.92.43.07.68.97.06.05.76.9
8.89.57.75.2
Change from preceding month
Unad-justed
0.4
- i l.4
1.01.2.6
2
-2-A
2.0.1.7.5
.4
.3
.5
i2.1
Sea-sonally
ad-justed
0.3.1o.2
1.01.1.6.3.1.40
2- . 2
.1
.5
.2
.4
.4
.5
.4
.3
.3
Unad-justed
0.2.2
".41.11.3.6.3.1.4
- . 1
20
—1
.6
.4
.5
ie
io
Sea-sonally
ad-justed
0.20
- . 1.2
1.11.2.6.4.1.4
- . 0
3- . 3
i6.6
.5
isi4.2
Unad-justed
0.4
i l.8.9.9.5.2.1.3
4
5.3
.2
.2
.3
.4
.6
.4
.3
.2
Sea-sonally
ad-justed
0.4.5.1
i8.7.5.4.2.2
-'.2
4.3
i4.3
.4
.4
.4
.5
.4
.3
Unad-justed
0.2
.91.0
.9
.5
.4
.2
.4- . 1
4.3
isi3.5.5
'.6
Sea-sonally
ad-justed
0.4.5.1
.8
.8
.6
.4
.1
.2
*2
5
i2.4.3.3.6.5
.5A.3
Unad-justed
0.3.4.7.7
i6.4
i8.6.3
3.4.4.4.2
.4
.5
'.6.5.1
Sea-sonally
ad-justed
0.5.4.6.5
.5
i4.S
i5
5.4.3
'.2A.6.5
'.6.4.3
1 Changes from December to December are based on unadjusted indexes.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs and therefore are not strictly comparable with
earlier figures. See Economic Report of the President, February 1983 for homeownership costs as measured prior to 1983.Source: Department of Labor, Bureau of Labor Statistics.
283
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-56.—Changes in consumer price indexes, commodities and services, 1948-83
[Percent change]
Year ormnn+h
19481949195019511952... .19531954...1955195619571958 . .1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983
Alt items
Dec.to
Dec.1
2.7- 1 . 8
5859
.965.4
293.0181.515.7
121.61.2193.4304.76.15.53.4348.8
12.27.04.86.89.0
13.312.48.93.93.8
Yearto
year
7.8- 1 . 0
1.0792.2
8.5
- . 4153.627
.8161.0111.21.3172.9294.25.45.94.3336.2
11.09.15.86.57.7
11.313.510.46.13.2
Commodities
Total
Dec.to
Dec1
1.7-4 .1
7.759
- . 76
- 1 . 4- . 4262.613.6
110101.4.8
162.5253.85.54.02.934
10.412.76.33.36.18.9
13,011.16.03.62.9
Yearto
year
7.2- 2 . 6
.6901.3
- 3- . 9- . 9
93.123
.19
.9
.91.11.22.6183.74.54.73.43 07.4
12.08.94.35.87.1
11.412.28.44.02.9
Food
Dec.to
Dec.1
- 0 . 8- 3 . 7
9.674
- 1 . 113
- 1 . 6- . 9312.822
- . 831
- . 91.51.91.4343.9124.37.22.24.347
20.112.26.5
.68.0
11.810.210.24.33.12.6
Yearto
year
8.5- 4 . 0
1.411.11.8
- 1 5
- 1 . 47
3.34.2
- 1 . 61.01.3.91.4
1.32.25.0
.93.65.15.53.043
14.514.48.53.16.3
10.010.98.67.94.02.1
Commoditiesless food
Dec.to
Dec1
5.3- 4 . 8
5.746
2- ? . 4
0252.2
.81.5
- . 3.6,7
1.2.4.7
1.93.13.74.54.82.32 55.0
13.26,25.14.97.7
14.311.56.73.83.1
Yearto
year
7.7- 1 . 5
=.175
.92
- 1 . 1— 7
103.1111.3
4.3.7.7.8.6
1.4263.74.24.13.8223.4
10.69.25.05.45.8
11.713.88.64.03.2
Services
Total
Dec.to
Dec.1
6.13.63.6524.6421.92.33.14.52.73.72.71.91.72.31.82.64.94.06.17.48.24.13.66.2
11.38.17.37.99.3
13.714.213.04.34.8
Yearto
year
6.34.83.2534.44 33.32.0254.0382.9332.01.92.01.92.23.94.45.26.98.15.63.84.49.39.58.37.78.5
11.015.413.19.03.5
Medical careservices
Dec.to
Dec1
7.02.13.35.85.5362,63.24.14.54.94.63.83.53.02.62.63.58.17.97.47.08.35.33.85.8
13.310.310.79.09.2
10.610.012.711.26.1
Yearto
Year
6.73.72.3516.4363.02.9404.34.94.84.03.73.23.02.43.25.48.77.38.17.17.33.74.4
10.312.610.19.98.69.7
11.310.711.98.7
Energy2
Dec.to
Dec.1
-0 .74.315
- 1 . 12.1
=-.8- . 22.01.81.41.73.14.53.12.8
16.821.611.66.97.28.0
37.418.111.91.3
Yearto
year
0.21.72.6
.3
.3- . 41.81.62.21.52.72.73.92.88.0
29.310.67.29.56.3
25.230.913.51.5
8
1 Changes from December to December are based on unadjusted indexes.2 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and motor fuel. Motor oil, coolant, etc. also included through 1982.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs and therefore are not strictly comparable with
earlier figures. See Economic Report of the President, February 1983 for homeownership costs as measured prior to 1983.Source: Department of Labor, Bureau of Labor Statistics.
284
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-57.—Producer price indexes by stage of processing, 1947-83
[1967=100]
Year or month
194719481949
19501951195219531954
19551956195719581959
19601961196219631964
1965.1966196719681969.
19701971197219731974
19751976197719781979
1980198119821983 '. . ..
1982:JanFebMarAprMayJune
JulyAugSept. .OctNovDec
1983: iJanFebMarApr .MayJune ,
JulyAugSeptOctNovDec
Finished goods
Totalfinishedgoods
74.079.977.6
79.086.586 085.185.3
85 587.991.193.293.0
93.793.794 093.794.1
95.798.8100 0102.8106.6
110.3113.7117.2127.9147.5
163.4170.6181.7195.9217.7
247.0269 8280.7285.2
277 9277.9277.3277.3277.8279.9
281.7282.3281.22841284 9285.5
283 9284.1283.42831284 2285.0
285.728612851287 9286.8287.1
Consumer foods
Total
82 890.483.1
84 795.294 389.488.7
86 586.389.394 590.1
92.191.792 591.491.9
95 4101.6100 0103.6110.0
113 5115.31217146.4166.9
181.0180.4189 9207.2226.2
239.5253 6259.3261.8
256 4258.2257.1260.0262.3263.4
260.6259.7259 9257 7257 4258.3
258 4261.0261.1262 9262 6261.2
260.7260 7263 3264 3261.8264.0
Crude
99 4107.1101.3
92 2105.9112 8105.294.7
98 898 797.4
103 594.3
100.696.197 095.598.2
98 6104.8100 0107.5116.0
116 3115.81212160.7180.8
181.2193.92010216.8233.1
237.2263 8252.7259.5
280 6282.5263.3266.6259.9254.7
241.0239.2228 2232 42361247.6
232 9240.8247.9265 8267 2251.2
247 1259 9269 8289 8272.8269.1
Proc-essed
80.287.680.1
83 493.291386.787.6
84 484.387.993.189.5
90.790.991790.790.8
94.9101.0100 0103.0108.9
113.1115.11217143.9164.6
181.3177.8187 3204.6223.8
237.8250 6257.7259.9
252 1254.0254.5257.3260.3262.0
260.2259.4260.6257 9257 2257.1
258 5260.7260.1260.52601260.0
259.8258.7260.5259 9258.7261.5
Finished goods excluding consumer foods
Total
1*6*61*6"102.6105.4
109.1113.1115 4120.1.139.3
156.2166.1177.7190.7213.3
247.8273 3285.8290.9
283.0282.4281.9281.1281.0283.4
286.7287.9286.3290 8292 0292.5
290 3289.6288.7287.7289 3290.8
291.8292.5290.3293 7293.0292.6
Consumer goods
Total
79 084.082.2
83 589.588 389.189.4
90192.394.694 795.9
96.396.296 096.095.9
96 698.1100 0102.1104.6
107 7111.4113 5118.6138.6
153.1162.6174 3186.7211.5
250.8276 5287.8291.3
285.2284.9284.0282.3281.8284.8
288.8290.2288.9293 3294 8295.0
2914290.3288.9287.3289 4291.6
292.8293 52913293 8293.0292.5
Durable
74.679.781.8
82.788.288.989.690.3
91294.397.198.499.6
99.298.898.397.898.2
97.998.5100.0102.2104.0
106.9110.8113.3115.4125.9
138.2144.5152.8166.9183.2
206.2218.6226.7233.1
226.2224.0223.9224.1225.0225.9
226.7227.5223.0231.0231.2'232.0
231.7232.9231.9232.2232.9233.1
233.4233.8228.9235.4235.3235.7
Non-durable
80 785.882.3
83 690.087 888.688.9
89 491.193.292.694.0
94.794.794 895.194.8
95.997.8100 0102.2105.0
108.3111.7113.6120.5146.8
163.0174.8189.3200.0231.3
283.9319.6333.6335.3
329.3330.3328.8325.7324.3328.7
335.3337.2338.3340.0342.5342.2
336.6333.7332.0328.7332.0335.7
337.7338.6338.6337.9336.6335.3
Capitalequipment
55 460.463.4
64 971.272 473.674.5
76 782.487.589 891.5
91.791.892 292.493.3
94.496.81000103.5106.9
112.0116.6119.5123.5141.0
162.5173.4184.6199.2216.5
239.8264.3279.4287.3
276.2275.0275.8277.2278.1279.2
280.2280.7278.7283.2283.8284.9
285.2285.6285.6286.2286.5286.7
287.2287.7285.4290.9290.3290.5
finishedconsumergoods
80 586.582.5
83 991.890 789.289.1
88 589.892.494.493.6
94.594.394.694.194.3
96.199.4100.0102.7106.6
109.9112.9116.6129.2149.3
163.6169.7180.7194.9217.9
248.9271.3281.0284.6
278.3278.6277.7277.3277.7280.1
282.1282.8281.9284.3285.3285.6
283.5283.7282.7282.3283.6284.6
285.2285.7285.1287.1285.8286.1
See next page for continuation of table.
285Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-57.—Producer price indexes by stage of processing, 1947-83—Continued
[1967 = 100]
Year or month
Intermediate materials, supplies, and components
TotalFoodsand
feeds'Other
Materials andcomponents
Formanufac-
turing
Forcon-
struction
Proc-essedfuelsand
lubri-cants
Con-tainers Supplies
Crude materials for further processing
Total
Food-stuffsand
feed-stuffs
Other
Total Fuel Other
194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971 z".197219731974
19751976197719781979
1980198119821983 >
1982:JanFebMar
fezz...JuneJulyAugSeptOcfNovDec
1983: *JanFebMar
dfayiZZJune
JulyAugSeptOctNovDec
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
100.0102.3105.8
109.9114.1118.7131.6162.9
180.0189.1201.5215.6243.2
280.3306.0310.4312.4
311.0311,1310.6309.9309.8309.9
311.1310.8310.5309.9309.9310.1
309.2309.9309.5308.7309.7311.3
312.8314.0315.7316.0315.7315.8
100.099.4
102.7
109.1111.7118.5168.4200.2
195.3185.3190.5203.1226.1
252.6250.3239.4247.8
238.8239.4237.7240.9245.0245.1
243.6240.2238.1234.4234.4235.1
236.4238.8238.0243.6244.4242.8
244.0250.9262.2258.2257.1256.6
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
100.0102.5106.1
109.9114.3118.9128.1159.5
178.6189.4202.3216.5244.4
282.3310.1315.7317.2
316.4316.4316.0315.1314.6314.7
316.1316.0315.9315.5315.5315.7
314.6315.2314.8313.6314.6316.4
318.0318.7319.8320.4320.1320.3
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
100.0102.2105.8
110.0112.8117.0127.7162.2
178.7185.4195.4208.7234.4
265.7286.1289.8293.3
290.4290.9290.4290.6291.4289.8
289.2288.7289.9289.4288.7288.3
288.6291.1290.2291.0291.9292.4
294.1294.7296.3296.4296.1297.0
66.073.173.2
77.084.383.785.185.5
88.993.594.094.096.6
95.994.694.294.595.4
96.298.8
100.0105.0110.8
112.6119.7126.2136.7161.6
176.4188.4203.4224.7247.4
268.3287.6293.7301.7
292.0293.0293.3294.0293.7294.5
294.3293.5294.2293.7293.6294.7
296.5298.8299.6300.9301.2302.4
302.9303.7302.8303.5304.0304.6
85.596.988.2
89.993.992.893.493.3
93.396.2
101.996.095.6
98.299.499.098.196.0
97.499.2
100.097.698.5
105.0115.2118.9131.5199.1
233.0250.1282.5295.3364.8
503.0595.4591.7566.8
604.4596.8593.0579.9570.9581.1
600.7603.8592.3590.0593.0595.0
577.9565.4564.2543.3547.8562.0
567.9572.0579.2579.9574.0568.5
66.869.870.1
72.084.579.980.081.5
82.688.692.594.794.2
95.594.795.994.794.0
95.898.4
100.0102.4106.3
111.4116.6121.9129.2152.2
171.4180.2188.3202.8226.8
254.5276.1285.6286.6
282.5285.5286.3287.0287.0286.5
286.3285.4285.3285.1284,9285.0
285.0285.3285.2284.8285.8285.9
286.1286.3287.3288.3289.3289.5
77.581.076.3
78.988.888.884.386.3
84.887.188.090.091.2
90.791.893.895.294.3
95.299.4
100.0101.0102.8
108.0111.0115.6140.6154.5
168.1179.0188.7198.5218.2
244.5263.8272.1277.0
269.8270.4270.6272.1273.4273.4
273.1272.6272.2272.0272.8273.0
273.1273.5273.9275.5275.6275.6
276.2277.9280.1280.4281.0281.0
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
112.3115.1127.6174.0196.1
196.9202.7209.2234.4274.3
304.6329.0319.5323.6
318.4321.6320.0322.6328.3325.6
323.4319.8316.1312.0313.2312.7
313.9320.2321.6325.8325.8323.3
320.6327.1328.3324.5324.1327.8
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
112.0114.2127.5180.0189.4
191.8190.2192.1216.2247.9
259.2257.4247.8252.3
242.6248.3247.9254.4262.6259.9
255.5249.6242.9236.3236.3237.1
239.6249.3249.1256.8256.5252.1
248.4256.4257.4253.9252.0256.2
100.0102.2106.8
112.7117.0128.0162.5208.9
206.9228.5245.0272.3330.0
401.0482.3473.9477.2
481.5479.3475.2469.9470.2467.7
469.8471.0473.7474.8478.6475.3
473.6473.0477.7474.6475.4476.8
476.2479.6481.1476.7479.5482.1
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
122.6139.0148.7164.5219.4
271.5305.3372.1426.8507.6
615.0751.2886.1931.5
812.9824.5839.7851.2864.8883.9
901.3906.9923.5917.2954.7952.2
930.7937.7961.8941.6935.9936.7
927.8926.9931.2911.2915.2921.4
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
109.8110.7121.9161.5205.4
188.3206.7212.2233.1284.5
346.1413.7376.8372.0
399.5394.8387.1378.8376.6
369.2369.5369.5371.9369.2365.8
368.0366.0366.8367.0369.0370.5
371.6375.6376.6375.3377.7379.6
1 Data have been revised through August 1983 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.
2 Intermediate materials for food manufacturing and feeds.Source: Department of Labor, Bureau of Labor Statistics.
286Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-58.—Producer price indexes by stage of processing, special groups, 1974-83
[1967=100]
Year or month
Finished goods
Total FoodsEner-
gy
Excluding foods andenergy
Total
Capi-tal
equip-ment
Con-sumergoods
exclud-
andenergy
Intermediate materials, supplies,and components
TotalFoodsand
feeds1
Ener-gy
Other
Crude materials for furtherprocessing
Total
Food-stuffsand
feed-stuffs
Ener-gy
Other
197419751976197719781979
1980198119821983 2
1982:JanFebMar
June
JulyAugSeptOctNovDec
1983: 2
JanFebMar
. SE
NovDec
147.5163.4170.6181.7195.9217.7
247.0269.8280.7285.2
277.9277.9277.3277.3277.8279.9
281.7282.3281.2284.1284.9285.5
283.9284.1283.4283.1284.2285.0
285.7286.1285.1287.9286.8287.1
166.9181.0180.4189.9207.2226.2
239.5253.6259.3261.8
256.4258.2257.1260.0262.3263.4
260.6259.7259.9257.7257.4258.3
258.4261.0261.1262.9262.6261.2
260.7260.7263.3264.3261.8264.0
215.2252.4282.3326.7347.7469.9
701.3835.4822.9784.0
842.3832.6814.0775.3758.2789.8
834.7844.3843.5839.8854.0845.7
811.1788.0774.1749.2769.0791.1
794.1797.6797.0789.3778.5769.4
133.3148.5156.8166.3178.7194.7
216.4235.1248.6256.1
244.7244.6245.2246.4247.3248.1
248.8249.5247.9252.8253.2254.2
253.8254.5254.4254.9255.3255.6
256.5256.9254.6258,7258.6258.8
141.0162.5173.4184.6199.2216.5
239.8264.3279.4287.3
276.2275.0275.8277.2278.1279.2
280.2280.7278.7283.2283.8284.9
285.2285.6285.6286.2286.5286.7
287.2287.7285.4290.9290.3290.5
129.1141.0148.1156.6168.0183.3
204.2220.1232.6239.9
228.6229.0229.5230.6231.5232.1
232.6233.3232.0236.9237.3238.2
237.5238.5238.2238.7239.2239.5
240.5240.9238.7242.0242.2242.4
162.9180.0189.1201.5215.6243.2
280.3306.0310.4312.4
311.0311.1310.6309.9309.8309.9
311.1310.8310.5309.9309.9310.1
309.2309.9309.5308.7309.7311.3
312.8314.0315.7316.0315.7315.8
200.2195.3185.3190.5203.1226.1
252.6250.3239.4247.8
238.8239.4237.7240.9245.0245.1
243.6240.2238.1234.4234.4235.1
236.4238.8238.0243.6244.4242.8
244.0250.9262.2258.2257.1.256.6
188.7220.8236.8267.3280.3348.6
484.9573.6570.8545.8
582.6575.7572.2560.2552.0561.4
579.3582.2571.6569.0571.2572.5
556.8545.3543.7524.3528.0541.0
546.4550.1556.7557.4552.1547.2
156.7174.7185.0196.1210.4234.2
261.8283.4290.1294.7
289.4290.2290.2290.7291.1290.1
289.6289.2290.2290.1289.9290.0
290.5292.4292.3293.1293.7294.3
295.4295.8296.4297.0297.2298.0
196.1196.9202.7209.2234.4274.3
304.6329.0319.5323.6
318.4321.6320.0322.6328.3325.6
323.4319.8316.1312.0313.2312.7
313.9320.2321.6325.8325.8323.3
320.6327.1328.3324.5324.1327.8
189.4191.8190.2192.1216.2247.9
259.2257.4247.8252.3
242.6248.3247.9254.4262.6259.9
255.5249.6242.9236.3236.3237.1
239.6249.3249.1256.8256.5252.1
248.4256.4257.4253.9252.0256.2
223.0266.9283.1323.5362.5439.9
586.1783.4801.5791.2
801.5796.9788.8778.5784.0792.0
799.4801.7808.6815.6829.9821.2
812.1799.9801.6793.3790.9791.1
786.3785.8788.1780.0781.7783.6
198.3165.0191.0190.1209.2253.0
269.4266.0238.1250.3
250.3249.9248.5246.8243.7234.3
232.9233.3233.1230.3227.0227.4
230.7237.8244.3244.7247.5249.7
251.9257.7258.7256.9260.3263.3
1 Intermediate materials for food manufacturing and feeds.2 Data have been revised through August 1983 to reflect the availability of late reports and corrections by respondents. All data are
subject to revision 4 months after original publication.Source: Department of Labor, Bureau of Labor Statistics.
287Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-59.—Producer price indexes for major commodity groups, 1947-83
[1967=100]
Year or month
194719481949
1950195119521953195419551956195719581959
1960196119621963.196419651966196719681969
1970197119721973197419751976197719781979
198019811982..1983 a
1982:JanFebMarAprNfay
June ~zzJulyAugSeptOctNovDec
1983:2
JanFebMarAprMayJune
JulyAugSeptoct :;;NovDec
Farm products and processedfoods and feeds
Total
94 3101589.6
93 9106 9102 796.095 791290 693 798193.5
93.793 794.793 893 297.1
103 5100.0102 4108.0
111.7113 9122.41591177.4184 2183.1188.8206.6229.8
244.72515248.9253.9
246 0248.4247.5251.6255.8255.3
2524249.6247.4243.8243 9244.8
245.8250.4250.6254 7254.7252.5
251.5255 7255 5257 9256.0257.8
Farmproducts
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 9125.0176 3187.7186 7191.0192.5212.5241.4
249.4254 9242.4248.2
242 2247.1244.7250.6256.5252.7
246 6240.8234.5229.2230 7232.6
233.2240.7241.5250 5250.4247.4
244.3253 5253 5255 2251.0254.0
Processedfoods and
feeds
82 988.780.6
83492.791687.488 985.084 987.491889.4
89.591.091.992 592.395.5
101.2100.0102 2107.3
112.1114 5120.81481170.9182 6178.0186.1202.6222.5
241.2248 7251.5256.0
2471248.1248.1251.1254.4255.8
254 6253.5253.5250.8250.2250.5
251.7254.7254.5256 0256.1254.3
254.4255 8255 5258 3257.6258.8
Industrial commodities
Total
70 876.975.3
78 086.184184.885 086.990 893.393 695.3
95.394 894.894 795.296.498 5
100.0102 5106.0
110.01141117.9125 9153.81715182.4195.1209.4236.5
274.83041312.3315.8
3118311.6311.0309.9309.6310.6
312 8313.2312.7314.3315 0315.2
313.9313.9313.5312 4313.6315.3
316.5317 5317 3318 7318.3318.4
Textileproducts
andapparel
103.6108.198.9
102.7114.61034100.898 698.798.798.897.098.4
99.597.798.698.599.299.8
100.1100.0103.7106.0
107.1109.0113.6123.8139.1137 9148.2154.0159.8168.7
183.5199 7204.6204.9
205.0205.6205.0205.4205.4205.0
204.1204.2204.3204.1203.9202.6
202.7202.6203.4203 5204.3204.7
205.3205 7206 0206 4207.0207.2
Hides,skins,
leather,and
relatedproducts
83 384.279.9
86 399.180181.377 677.381982.082 994.2
90.891.792.790090.394.3
103.4100.0103 2108.9
110.31141131.31431145.1148 5167.8179.3200.0252.4
248.9260 9262.6271.4
261.8261.6260.6263.4263.2261.8
263.1262.0263.5263.2263 2264.1
266.7264.3264.9267 4269.4271.2
272.3275 5274 7274 7277.3278.3
Fuels andrelated
products,and
power*
76.990.586.2
87.190.390.192.691.391.294.099.195.395.3
96.197.296.796.393.795.597.8
100.098.9
100.9
106.2115.2118.6134.3208.3245.1265.6302.2322.5408.1
574.0694.5693.2665.9
705.1697.8689.7670.6662.2677.3
701.1705.6700.4698.8706.1703.4
683.6668.6658.0644 8651.9665.5
668.7674 36717672 7667.1662.1
Chemicalsand alliedproducts1
93.795.987.6
88.9101.796 597.798998.599.1
101.2102.0101.6
101.8100.799.197,998.399.099.4
100.099.899.9
102.2104.1104.2110.0146.8181.3187.2192.8198.8222.3
260.3287.6292.3292.9
292.9293.6294.6294.3295.0293.3
291.6291.6290.7289.9290.5289.6
289.3290.5289.82913291.1290.8
293.7294 9294 4296 4296.4296.6
See next page for continuation of table.
288Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-59.—Producer price indexes for major commodity groups, 1947-83—Continued
[1967 = 100]
Year or month
194719481949
195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976...19771978...1979
1980198119821983 2
1982:JanFebMarAprIVfayJuneJulyAugSeptoct :...:NovDec
1983: 2
JanFebMarAprMavJuneJulyAugSeptOctNovDec
Industrial commodities—Continued
Rubberand
plasticproducts
70.572.870,585.9
105.495.589.190.4
102 4103.8103.4103.3102.9103.199.296 396.895 595.997 8
100.01034105.3108 3109.1109 3112.4136 2150.2159 2167.6174 8194.3217 4232.62414243.4
237.3239 3240.8241.12421242.5242 0242.6242.5242.22417242.2
242.9242.32418243 0243 2243.1243.4243 7244 5245.1243.8244.1
Lumberand
woodproducts
73.484.077.7
89.397.294.494.392.697198.593.592.498.895.391.091693.595 495.9
100 2100.0113 3125.3113 6127.3144 3177.2183 6176.9205 6236.3276 0300.4
288 9292.8284 7307.3
285.5285 2285.3286.5284 6289.0288 6284.2283.0279.4279 9285.6
293.3303.1305 8307 2308 0314.8314.6313 9306 0306.1306.0308.8
Pulp,paper,
andallied
products
72.575.772.4
74.388.085.785.585.587 893.695.496.497.398.195.296395.695496.298 8
100.0101.1104.0
108 2110.1113 4122.11517170.41794186.4195 6219.0249 2273.8288 7297.7
285.5286 3287.4288.5289.6289.52891289.3289.4289.8289.8290.5
293.6294.2294.8295.4296 0297.0297.8298.82991300.4302.0302.7
Metalsand
metalproducts
54.962.563.066.373.873.976.376.982.189.291.090.492.392.491.991.291.393 896.498.8
100.0102.6108.5116 6118.7123 5132.81719185.61959209.02271259.3286 4300.43016307.1
304.7304 2302.9303.1302.8299.3299 5299.2301.8301.6300.5299.9
300.3304.7304.4304.63061306.3307.3308.2310.9310.7310.3311.4
Machineryand
equipment
53.758.261.0
63.170.570.672.273.475.781.887.689.491.392.091.992.092.292.893.996.8
100.0103.2106.5111.4115.5117.9121.7139.4161.4171.0181.7196.1213.9
239 8263.3278 8286.4
274.12754276.2277.6278.2278.6279.6279.9280.2281.1281.8282.4
283.3284.3284.7285.4286.0286.2287.4287.4287.5287.8288.1288.8
Furnitureand
householddurables
77.081.682.984.791890.191992.993 395.898.399.199.399.098.497 797.097 496.998 0
100.0102 8104.9
107 5110.01114115.2127 9139.71456151.5160 4171.3187 7198.5206 9213.9
203.5204 6205.5206.0206.5207.0206 8208.1208.3208.9208.9209.2
210.7212.5212.3212.8213 6214.0214.8214.9214.9215.1215.4215.3
Non-metallicmineral
products
66.371.673.575.480180.183 385.187 591.394.895 897.097.297.697 697.197 397.5984
100.0103.7107.7
112 9122.41261130.2153 2174.0186.3200.5222 8248.6283 0309.5320 2325.3
315.6319.0319.9320.2321.2320.9321.1320.5321.2321.1321.2320.5
321.5322.3322.0324.1324.1324.5325.1326.3327.2327.9328.9329.2
Transpor-tationequip-ment:Motor
vehiclesand
equip-ment3
64.170.875.7
75.379 484.083 683.886 391.295.198.1
100.398.898.698 697.898398.598 6
100.0102.8104.81087114.91180119.2129.2144.6153.8163.7176.0190.5
208.8237.62513256.8
250.8246.8246.8247.2249.2251.1252.0252.8244.6257.8257.8258.1
257.0256.3255.4255.9256.2256.5256.6256.8248.9261.1260.3260.4
Miscella-neous
products
73.576.578.0
79.283983.485 686.486 587.690.292 092.293.093.393 794.595 295.997.7
100.0102.2105.2109.9112.9114.6119.7133.1147.7153.7164.3184.3208.7
258.8265.7276.4289.5
268.3273.5m imimi271.5273.4272.0279.5285.4285.2290.4
285.7288.8287.4287.4287.1288.0291.5292.0291.3291.2291.4292.5
1 Prices for some items in this grouping are lagged and refer to 1 month earlier than the index month.2 Data have been revised through August 1983 to reflect the availability of late reports and corrections by respondents. All data are
subject to revision 4 months after original publication.3 Index for total transportation equipment is not shown but is available beginning December 1968.
Source: Department of Labor, Bureau of Labor Statistics.
289Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-60,—Changes in producer price indexes for finished goods, 1950-83[Percent change]
Year or month
1950195119521953195419551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983 2
1982:JanFebMarz-JuneJulyAus.SeptOctNovDec
1983: *JanFebMarz-JuneJulyAugSeptOct...NovDec
Totalfinishedgoods
Dec.to
Dec1
10.42.9
- 2 . 2.5.1
1.24.23.2
.5_ 4
1.8
.1- . 2
5
3.32.21.63.14.8
2.23.23.8
11.818.36.63.76.99.2
12.8
11.87.13.7.6
Yearto
year
1.89.5
.6- 1 . 0
.2
.22.83.62.3
— 2
.80.3
4̂
1.73.21.22.83.7
3.53.13.19.1
15.310.84.46,57.8
11.113.59.24.01.6
Finishedconsumer
foods
Dec.to
Dec*
13.35.3
- 5 . 92.2
- 1 . 9
- 2 . 93.65.3
.4- 3 7
5.2- 1 . 8
.51.3
4
9.11.4
- . 44.88.2
- 2 . 55.98.0
22.513.0
5.5- 2 . 5
6.911.77.4
7.51.42.12.2
Yearto
year
1.912.4- . 9
- 5 . 2.8
- 2 . 5
H.55.8
- 4 72.2
.4
.91.2
5
3.86.5
- 1 . 63.66.2
3.21.65.6
20.314.0
8.4- . 35.39.19.2
5.95.92.21.0
Finished goods excluding consumer foods
Total
Dec.to
Dec. *
2.43.4
4.32.12.16.6
21.27.26.26.98.3
14.8
13.38.84.1
.0
Yearto
year
2.62.7
3.53.72.04.1
16.012.16.37.07.3
11.9
16.210.34.61.8
Consumergoods
Dec.to
Dec.1
8.2.9
- 1 . 11.6
3
1.72.51.7.2.8.43
- . 1.11
.91.72.12.02.9
3.92.02.07.4
20.56.76.06.78.5
17.5
14.28.54.2
- . 8
Yearto
year
1.67.2
- 1 . 3.9.3
.82.42.5
.11.3.4
- . 1
~0.1
.71.61.92.12.4
3.03.41.94.5
16.9
10.56.27.27.1
13.3
18.610.24.11.2
Capitalequipment
Dec.to
Dec1
10.33.4
.82.311
5.68.34.31.31.0.1.2.3.59
1.53.93.13.04.6
4.92.42.05.3
22.68.26.47.37.98.8
U.49.23.92.0
Yearto
year
2.49.71.71.712
3.07.46.22.61.9
.2
.1
.4
.210
1.22.53.33.53.34.84.12.53.3
14.215.26.76.57.98.7
10.810.25.72.8
Finishedenergygoods
Dec.to
Dec1
16.411.512.18.5
58.0
27.814.1- . 1
- 9 . 0
Yearto
year
17.311.815.76.4
35.1
49.219.1
- 1 . 5- 4 . 7
Finished goodsexcludingfoods and
energy
Decto
Dec.1
6.15.66.38.39.4
10.77.84.91.8
Yearto
year
11.45.66.17.59.0
11.18.65.73.0
Percent change from preceding month
Unad-justed
0.90
- . 20.2.8.6.2
- . 41.0
.3
.2
- . 6.1
- . 2.1.4.3
.2
.31.0
- . 4.1
Sea-son-allyad-
justed
0.4
-.30*1.0
.5
.5
'.$.3
- 1 . 1.2
0.2.5.1.4.2
-22
Unad-justed
1.4.7
- . 41.1.9.4
- 1 . 1- . 3
1.8
- . 1.3
.01.0.0.7
- . 1- . 5
~'.Q1.0..4
- . 9.8
Sea-son-allyad-
justed
1.1.6
I'.S.3
-1.6
4̂.0
0.2
1.0
LI
- . 7.4.7
1.1-1.0
Unad-justed
0.7
-.2
- ! o.9
1.2- 61.6.4.2
- . 8
- ' .3
~'.S
.3
.2- . 81.2
-'.I
Sea-son-
ajusted
0.2i
- ! 3- . 3- . 11.21.1.62.5.8.3
1.4.1
- . 4- . 3
'.B.3.4.0.0.1,1
Unad-justed
0.7- . 1- . 3- . 6
1.11.4.54
1.5.5.1
- 1 . 2- . 4- . 5
.6
.7
.8
.4
.27.9
- . 3- . 2
Sea-son-allyad-
justed
0.1- . 1- . 6-..5
~L41.4.64.7.9.3
- 2 . 0- . 3
~'.S1.1.4.3
- ! o.1.0
Unad-justed
0.8- . 4
.3
.3
.4
.4
.27
1.6.2
.1
.10
.1
.1
.2
.2- . 81.9
- . 2.1
Sea-son-allyad-
justed
0.5- . 1
.5
l5.6.4.61
.0
.4
.5
~A.3
— 1.2.3.2.6.2.3
0.2
Unad-justed
- 0 . 5- 1 . 2- 2 . 2=4.8- 2 . 2
4.2
5.71.2
7.7- 1 . 0
- 4 . 1- 2 . 8- 1 . 8- 3 . 2
2.62.9
.4
.4- . 1
- 1 . 0- 1 . 4- 1 . 2
Sea-son-allyad-
justed
- 0 . 6- 1 . 8- 3 . 7- 4 . 0
2.64.4
5.51.0
4.4
2.0- . 8
- 4 . 2- 3 . 4
3.12.52.23.1
.2
.3
' l- L 0
- - 1 . 0
Unad-justed
1.0- . 0
.5A.3
.3
*62.0
A
- . 2.3
- . 0.2.2.1.4
- . 91.6
- . 0
Sea-son-allyad-
justed
0.3.2.4.4.4.6.3.52.5
i
- . 9.6
!o.2.4.4.4
- . 0.1.3
1 Changes from December to December are based on unadjusted indexes.2 Data have been revised through August 1983 to reflect the availability of late reports and corrections by respondents. All data are
subject to revision 4 months after original publication.Source: Department of Labor, Bureau of Labor Statistics.
290Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
MONEY STOCK, CREDIT, AND FINANCE
TABLE B-61.—Money stock measures and liquid assets, 1959-83
[Averages of daily figures; billions of dollars, seasonally adjusted]
Year and month
Ml
Sum ofcurrency,demanddeposits,travelers'
checks, andother
checkabledeposits(OCDs) 1
141.0
141.8146.5149.2154.7161.8169.5173.7185.1199.4205.8216.5230.7251.9265.8277.5291.1310.4335.5363.2389.0414.1440.6478.2521.1
447.8448.0448.6449.3452.4453.4454.4458.3463.2468.7474.0478.2
482.1491.1497.6496.5507.4511.7515.5516.7517.1517.9518 3521.1
M2M1 nineMl piUS
overnight RPsand
Eurodollars,MMMF
balances(general
purpose andbroker/dealer),
MMDAs, andsavings andsmall timedeposits 2
297.8
312.3335.5362.7393.2424.7
459.1480.2524.8566.9590.2
627.9712.7805.3861.2908.6
1,023.01,163.51,286.41,388.51,497.51,630.31,794.91,959.52,184.6
1,810.11,815.81,828.91,835.21,850.61,864.51,880.91,903.61,917.01,929.71,945.01,959.5
2,010.02,050.82,069.92,074.82,096.22,114.42,126.32,136.92,145.42,161.62,174.62,184.6
M3
M2 plus largetime deposits.term RPs, andinstitution-only
balances3
299.0
314.3339.4369.7404.0439.9480.3503.2555.7604.3613.2674.5773.0882.0979.2
1,061.41,161.71,296.31,451.81,613.51,758.41,936.72,167.92,377.62,599.8
2,181.82,191.62,210.92,224.12,240.72,260.22,283.42,317.92,333.92,352.02,370.22,377.6
2,403.32,430.72,447.12,453.92,476.22,498.82,510.32,528.32,543.82,561.32,586.02,599.8
L
M3 plus otherliquid assets
388.5
403.4430.5465.8503.5540.1584.1614.9667.2729.9764.4
815.8902.5
1,022.81,141.61,246.81,371.91,522.41,711.01,922.92,131.82,343.62,622.02,896.7
2,644.42,668.12,692.72,710.32,737.62,767.02,798.22,823.62,840.52,866.02,882.52,896.7
2,930.62,960.22,987.53,005.83,031.33,058.63,087.83,115.63,136.93,153.4
Percent change from year or 6months earlier4
Ml
0.63.31.83.74.64.82.56.67.73.25.26.69.25.54.44.96.68.18.37.16.56.48.59.0
7.46.67.17.57.75.93.04.76.68.89.8
11.2
12.614.815.412.214.614.514.310.78.08.84.33.7
M2
4.97.48.18.48.08.14.69.38.04.16.4
13.513.06.95.5
12.613.710.67.97.98.9
10.19.2
11.5
10.78.79.08.38.07.98.09.99.9
10.610.510.5
14.216.116.615.616.216.411.98.67.48.57.66.8
M3
5.18.08.99.38.99.24.8
10.48.71.5
10.014.614.111.08.49.4
11.612.C11.19.C
10.111.99.79.3
11.29.39.49.28.68.79.5
11.911.411.8l l . S10.7
10.S10.C9.98.99.1
10.59.18.28.18.S9.18./
December:1959....I960....1961....1962....1963....1964....1965....1966....1967....1968....1969....1970....1971....1972....1973....1974....1975....1976....1977....1978....1979....1980....1981....1982....1983"..
1982:JanFebMarAprMayJune
JulyAugSept....OctNovDec
1983:JanFebMarAprMayJune....
JulyAugSept....OctNovDec. . .
1 Net of demand deposits due to foreign commercial banks and official institutions.2 M2 will differ from the sum of components shown in Table B-62 by a consolidation adjustment that represents the estimated
amount of demand deposits and vault cash held by thrift institutions to service time and savings deposits.3 M3 will differ from the sum of components shown in Table B-62 by a consolidation adjustment that represents the estimated
amount of overnight RPs held by institution-only money market mutual funds.4 Monthly percent changes are from 6 months earlier at a compound annual rate.
Note.—See Table B-62 for components, except travelers checks not shown separately.
Source: Board of Governors of the Federal Reserve System.
291Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-62.—Components of money stock measures and liquid assets, 1959-83
[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]
Pferiod
December;1959.. . .
I960. . . .1961. . . .1962.. . .1963.. . .1964.. . .
1965.. . .1966.. . .1967.. . .1968.. . .1969.. . .
1970.. . .1971.. . .1972.. . .1973.. . .1974.. . .
1975.. . .1976... .1977....1978... .1979... .
1980.. . .1981.. . .1982.. . .1983 p..
1982:JanFebMar
fezJune
JulyAugSeptOctNovDec
1983:JanFebMar
rfay"IJune
July
B :NovDec ^.....
Cur-rency
29.0
28.929.530.632.534.3
36.338.340.443.446.1
49.152.656.861.567.9
73.980.688,697.5
106.3
116.2123.2132.8146.0
124.0124.7125.2126.3127.4128.2
128.8129.6130.5131.3131.9132.8
134.2135.6137.0138.0139.3140.3
140.9141.8143.0144.2145.3146.0
De-mand
de-pos-its i
111.6
112.5116.5118.1121.7127.0
132.5134.6143.9155.1158.8
166.3176.8193.6202.5207.4
214.1224.4239.7253.8262.0
266.8236.4239.8243.1
238.9235.5233.8233.3233.1232.3
232.1232.5234.0236.0237.6239.8
239.4238.7240.1238.9242.5244.0
245.8244.5243.4242.9241.6243.1
Otherchecka-
bledepos-
its(OCDs)
0.0
.0
.0
.0
.1
.1
.1
.1
.1
.1
.1
.1
.2
.2
.3
.4
.92.74.28.4
17.0
26.976,6
101.3127.1
80.483.485.185.387.488.4
89.191.894.397.0
100.1101.3
104.5112.5116.0115.0120.9122.7
124.2125.8126.0126.0126.5127.1
Over-night
chase
Ss(RPs)
net, plusover-nightEuro-
dollarsNSA
0.0
.0
.0
.0
.0
.0
.0
.0
.0
.02.2
1.32.32.85.35.6
5.810.614.720.321.2
28.436.144.356.1
39.738.039.136.840.140.3
41.842.441.543.945.244.3
47.348.948.850.655.156.0
52.752.153.056.555.256.1
Money marketmutual fund
(MMMF)balances
Gen-eralpur-
Bbrok-
er/dealerNSA
0.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.11.7
2.72.42.46.4
33.4
61.4150.9182.2138.0
154.7156.0159.7161.8164.9170.1
172.9182.3185.1187.6191.1182.2
166.7159.6154.0146.7141.1139.7
138.8139.1137.6137.8138.7138.0
Insti-tutiononly
NSA
0.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0,0.0.2
.4
.6
.93.19.5
14.936.047.640.2
35.333.634.834.335.636.6
40.447.148.249.349.947.6
46.145.243.541.040.439.2
38.638.439.139.940 640.2
Moneymarketdeposit
accounts(MMOAs)
NSA
0.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0,0
43.2372.4
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.043.2
189.1277.7320.5341.2356.8367.3
368.4366.3366.9367.43691372.4
Sav-ings
146.4
159.1175.5194.8214.4235.2
256.9253.1263.7268.9263.7
259.9291.6321.2327.0338.8
388.8453.0491.6481.2423.1
400.7344.4359.3312.3
347.7346.9346.6345.9346.6347.2
345.0346.7350.0358.0366.4359.3
335.1325.7322.7321.5323.1325.0
323.5322.1320.6318.8316 4312.3
Smalldenom-inationtimede-
posits*
11.4
12.514.820.125.529.2
34.455.077.8
100.5120.4
152.2190.5232.1266.0288.0
338.1391.0446.0521.8635.9
731.7828.6859.1792.1
826.6833.1840.7847.2852.5859.3
872.9879.8883.2878.0874.9859.1
797.4755.1733.8725.7720.1722.1
735.1748.0757.7771.0784 4792.1
iSrinationtimede-
posits2
1.2
2.03.96.9
10.715.2
21.223.130.937.520.4
45.057.673.2
111.2144.5
129.9118.2145.2194.9222.2
258.9302.6333.8329.2
304.4309.9315.8321.2322.1327.4
332.1334.9336.1339.6340.4333.8
310.7297.9296.2300.2299.2304.1
305.6311.6317.7319.9324 9329.2
Termrepur-chase
ments(RPs)
NSA
0.0
.0
.0
.0
.0
.0
.0
.0
.0
.02.6
1.62.73.56.98.1
8.414.219.527.130.1
34.837.240.349.3
35.635.735.638.137.036.3
34.537.036.437.739.440.3
40.640.841.742.745.344.5
42.844.845.143.748 749.3
TermEuro-
dollars(net)
NSA
0.7
.81.41.61.92.4
1.72.12.12.92.7
2.22.73.65.48.0
9.713.118.429.041.5
48.065.380.0
68.372.874.077.983.884.7
83.780.980.681.179.680.0
81.183.585.988.489.989.8
89.689.889.590.4
Sav-
bonds
46.1
45.746.546.948.149.0
49.650.251.251.851.7
52.054.357.660.463.2
67.271.776.480.279.5
72.367.767.9
67.867.867.767.767.767.7
67.667.567.567.667.867.9
68.168.568.869.269.669.8
70.070.270.470.6
Short-term
Treas-ury
secu-rities
38.6
36.737.039.840.738.5
40.743.238.746.159.5
49.236.341.150.053.5
76.880.889.799.3
128.7
156.9176.3217.6
179.9186.9190.0190.7192.1197,2
202.9204.1203.6210.3214.5217.6
219.3219.3224.5230.5231.4237.2
252.1262.9264.5262.1
Bank-ers'
ances
0.5
.81.01.01.11.2
1.51.61.72.23,2
3.33.53.34.7
10.6
8.48.8
11.821.626.7
31.640.644.9
41.140.639.940.241.341.6
42.041.341.442.843.144.9
45.343.242.041.240.840.2
41.443.543.342.3
Com-mer-cial
paper
3.6
5.15.26.87.79.1
10.214.417.822.534.0
34.532.735.241.950.1
48.051.762.979.297.0
98.1104.2108.8
105.5108.4110.3109.7112.1115.7
118.7112.0113.7112.3J07.3108.8
113.5115.1119.2122.5123.4122.9
124,4121.0125.3126.6
'Demand deposits at all commercial banks other than those due to domestic banks, the U.S. Government, and foreign banks andofficial institutions less cash items in the process of collection and Federal Reserve float.
2 Small denomination and large denomination deposits are those issued in amounts of less than $100,000 and more than $100,000,respectively.
Note.—NSA indicates data are not seasonally adjusted.Travelers checks are a component of money stock but are not shown here.See also Table B-61.Source: Board of Governors of the Federal Reserve System,
292Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-63.—Commercial bank loans and investments, 1939-83
[Billions of dollars]
Year and month
End of month l
1939- Dec1940: Dec1941- Dec1942: Dec1943: Dec1944: Dec1945- Dec1946: Dec1947- Dec1948: Dec
1948: Dec1949- Dec1950: Dec1951: Dec1952: Dec1953: Dec1954- Dec1955: Dec1956: Dec1957- Dec1958: Dec1959- DecI960: Dec1961- Dec1962: Dec1963- Dec1964: Dec1965- Dec1966: Dec1967: Dec1968- Dec1969: Dec . .1970: Dec1971: Dec1972- DecAverage for month2
1972: Dec1973- Dec .1974: Dec1975: Dec1976- Dec1977- Dec1978: Dec1979: Dec1980- Dec1981- Dec1982- Dec1983- Dec p
1983:JanFebMarAprMayJuneJuly .AugSeptOctNovDec P .
Total loansand
investments
40.743.950 767.4851
105.5124.0114 0116.3
L 114.3
113 0118.7124 71302139.11431153.1157.61616166.41812188.7197 4212.82312250.2272 330013161352 0390.2401.7435.5485 7558.0
572.6647.8713.6745.2804.6891.5
1,013.51,135.91,239.61,316.31,412.01,566.8
1428 21,436.31,450.11,460.61474 41,488.01,499.91,513.21,520.31,532.91,548.91,566.8
Loans
Total
17.218.821719.219121.626.131138.142.5
Commercialand
industrial
Seasonally adjustet
41.542.051156.562.866269.180.688191.595 6
110.51167123.6137 3153.7172 9198 2213.92313258.2279.4292.0320 9378.9
390.5460.5520.1517.4555.0632.5747.0849.9915.1973.9
1,042.01,131.7
1045 01,048.71,056.31,059.51,063.31,070.61,080.91,091.01,096.31,104.11,115.71,131.7
39.442143.947.652.158.469 578.686 295.9
105.7110.0116 2130.4
137.5165.4196.9189.6190.9210.9245.9291.2326.8358.0392.3413.1
395.2394.9396.2392.9392.9395.0399.2402.5402.6404.7407.8413.1
Investments
U.S.Treasurysecurities
16.317.821841.459877.690.674 869.262.6
i
62 366.461160462.262 267.660.357 256.965157.759 965.364.761.560.757153.559460.751.257.860 662.6
65.858.553.682.2
100.899.893.894.5
110.0111.0130.9188.1
139 8144.5151.0157.8166.1171.2172.9174.4176.9182.3186.2188.1
Othersecurities
7.17.4726.8616.37.3819.09.2
9.210.312 413414.214 716.416.816.317.920.520.520.823.929.235.038.744.848.761.371.371.185.7
104.2116.5
116.3128.8139.9145.6148.8159.3172.8191.5214.4231.4239.2247.0
243.3243.1242.8243.4245.0246.2246.1247.8247.1246.5247.1247.0
Loans plusloans soldto bankaffiliates
283.3294.7323.7381.5
393.1464.8524.8521.8558.7637.1750.7852.9917.8976.7
1,044.91,134.1
1,048.01,051.61,059.31,062.41,066.11,073.31,083.51,093.51,098.91,106.71,118.21,134.1
1 Data are for December 31 call dates.2 Data are prorated averages of Wednesday figures for domestically chartered banks and averages of current and previous month-end
data for foreign-related institutions. Lease financing receivables are included in total loans and investments and in total loans.Note.—Beginning December 1981, levels have been reduced because of shifts from U.S. banking offices to International Banking
Facilities (IBFs).Source: Board of Governors of the Federal Reserve System.
293Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-64.—Total funds raised in credit markets by nonfinancial sectors, 1975-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Item 1975 1976 1977 1978 1979 1980 1981
Total net borrowing by domestic nonfinancial sectors..
U.S. Government
Treasury issuesAgency issues and mortgages..
Private domestic nonfinancial sectors...
Debt capital instruments
Tax-exempt obligations..Corporate bondsMortgages
Home mortgagesMulti-family residential..CommercialFarm
Other debt instruments-
Consumer credit..Bank loans n.e.c.Open-market paper
By borrowing sector: Total..
State and local governments..HouseholdsNonfinancial business
FarmNonfarm noncorporate..Corporate
Foreign net borrowing in United States..
BondsBank loans n.e.c...Open-market paperU.S. Government loans..
Total domestic plus foreign..
Total funds supplied to domestic nonfinancial sectors..
Private domestic nonfinancial sectors
Deposits and currency..
Checkable deposits and currency..Time and savings depositsMoney market fund sharesSecurity repurchase agreements...Foreign deposits
Credit market instruments-
Foreign funds
At banksCredit market instuments
U.S. Government and related loans, net...U.S. Government cash balancesPrivate insurance and pension reserves...Other sources
Net credit market borrowing by nonfinancial sectors
193.0
85.4
85.8
107.6
100.9
16.127.257.6
42.0
A34.6
6.79.6
-10.4=2.6
10.1107.6
13.752.141.8
8.512.520.9
11.3
6.2
2.0
2.S
204.4
243.5
69.0
69.1
174.5
123.6
15.722.885.1
63.93.9
11.65.7
50.9
25.44.54.0
16.9
174.5
15.289.569.8
10.215.444.2
19.3
8.65.61.93.3
262.8
319.4
56.8
57.6- . 9
262.6
171.1
21.922.9
126.3
94.07.1
18.17.1
91.6
40.227.1
2.921.3
262.6
15.4137.3110.0
12.328.069.7
13.5
5.13.12.43.0
332.9
369.8
53.7
55.1-1 .4
316.2
199.7
28.421.1
150.2
112.29.2
21.77.2
116.5
37.45.2
25.1
316.2
19.1169.4127.6
14.632.480.6
33.8
4.219.16.63.9
403.6
386.0
37.4
38.8-1 .4
348.6
211.2
30.317.3
163.6
120.07.8
23.911.8
137.5
45.451.211.129.7
348.6
20.5176.4151.7
21.434.496.0
20.2
3.92.3
11.22.9
406.2
343.2
79.2
79.8- . 6
264.0
192.0
30.326.7
135.1
96.78.8
20.29.3
72.0
4.936.7
5.724.8
264.0
20.3117.5126.1
14.433.778.1
27.2
11.510.14.7
370.4
377.2
87.4
87.8- . 5
289.8
158.4
21.922.1
114.5
75.94.3
24.69.7
131.5
24.154.719.233.4
289.8
9.7120.6159.6
16.339.6
103.7
27.2
5.43.7
13.94.2
404.4
Direct and indirect supply of funds to credit markets
193.0
152.0
101.2
15.683.3
1.3
'$
50.7
-2 .5
-8 .66.1
11.9-1 .7
29.73.7
243.5
178.1
133.4
17.8111.7
1.7
44.7
10.6
- 4 . 515.2
1.1
3*319.5
319.4
189.1
148.6
25.5119.3
111.3
40.6
41.0
1.439.6
4.14.3
51.429.4
369.8
225.8
152.2
25.5110.3
6.97.52.0
73.6
44.6
6.538.0
- 6 . 66.8
62.237.1
386.0
270.3
151.4
26.782.234.46.61.5
118.9
23.0
27.6- 4 . 6
11.6.4
49.131.6
343.2
254.4
180.0
15.3127.8
29.26.51.1
74.4
1.5
-21.723.2
1.8-2 .6
65.422.6
377.2
308.9
221.7
27.683.6
107.52.5
.5
87.2
7.3
-8 .716.0
6.8- 1 . 1
73.2-17.9
See next page for continuation of table.
294Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-64.—Total funds raised in credit markets by nonfinancial sectors, 1975-83—Continued
[Billions of dollars; quarterly data at seasonally adjusted annual rates}
Item1982 1983
Net credit market borrowing by nonfinancial sectors
Total net borrowing by domestic nonfinancial sectors
U.S. Government
Treasury issues ,
Agency issues and mortgages ,
Private domestic nonfinancial sectors
Debt capital instruments
Tax-exempt obligationsCorporate bonds ,Mortgages
Home mortgages ,Multi-family residentialCommercialFarm
Other debt instruments
Consumer creditBank loans n.e.cOpen-market paperOther
By borrowing sector: Total
State and local governmentsHouseholdsNonfinancial business
FarmNonfarm noncorporateCorporate
Foreign net borrowing in United States „
BondsBank loans n.e.cOpen-market paperU.S. Government loans
Total domestic plus foreign
Total funds supplied to domestic nonfinancial sectors
Private domestic nonfinancial sectors
Deposits and currency
Checkable deposits and currencyTime and savings depositsMoney market fund sharesSecurity repurchase ageementsForeign deposits
Credit market instruments
Foreign funds
At banksCredit market instruments -,
U.S. Government and related loans, netU.S. Government cash balancesPrivate insurance and pension reservesOther sources
Source: Board of Governors of the Federal Reserve System.
331.8
95.6
98.1
- 2 . 5
236.2
138.931J11.595.7
63.45.6
19.37.3
97.3
2.671.79.5
13.4
236.2
18.175.1
142.9
7.631.5
103.9
11.6
3.1-10.4
16.42.5
381.8
118.3
118.5- . 2
263.6
140.6
51.710.078.9
48.22.8
23.54.5
123.0
35.968.53.6
15.1
263.6
40.5100.0123.0
10.537.874.8
13.9
1.7.2
8.53.5
442.7
206.5
206.8- . 3
236.1
146.9
47.424.874.8
56.6- 3 . 717.34.5
89.2
11.155.7
- 2 . 825.2
236.1
30.478.4
127.3
10.826.590.0
11.9
12.8-11.2
.59.8
427.0
224.4
224.9
- . 5
202.5
185.371.329.184.9
60.5.3
19.84.4
17.2
23.621.8
-23.3- 4 . 9
202.5
56.293.752.7
7.323.322.0
25.3
8.8- 3 . 117.42.2
343.4 395.8 454.5 452.3 429.7 598.1 499.4
413.9
196.3
196.2.1
217.6
184.3
38.618.5
127.2
97.65.7
24.9- 1 . 0
33.3
28.18.5
-18 .515.2
217.6
29.8117.470.4
- 2 . 935.3
38.0
15.9
3.224.6
-16.84.8
576.5
264.1
264.4
- . 3
312.4
263.283.123.3
156.7
115.99.9
29.41.5
49.2
49.5- . 9
-14.114.7
312.4
72.8162.177.4
.844.831.9
21.5
5.55.37.63.1
491.6
157.2
157.4- . 2
334.4
228.7
32.86.3
189.6
133.08.0
42.75.7
105.8
49.115.614.926.2
334.4
25.5168.8140.0
7.968.963.3
7.7
1.6- 8 . 010.43.7
Direct and indirect supply of funds to credit markets
331.8
217.6
185.1
28.2125.538.2
.3- 7 . 1
32.5
- 7 . 7
-21 .313.7
1.312.179.828.6
381.8
272.2
147.3
-5 .7107.140.5
1.9
3.5
125.0
9J-38.9
48.6
4.1-16 .3
91.021.1
442.7
300.9
212.0
21.2105.388.1
1.3- 4 . 0
89.0
-46 .6
-59 .913.2
25.424.186.852.1
427.0
328.1
172.3
41.6188.7
-68.111.9
- 1 . 9
155.8
4.19.1
- 5 . 0
14.04.1
86.1- 9 . 3
413.9
329.0
289.1
78.7282.2
-105.221.7
11.7
39.9
-12 .0-43.8
31.8
-16 .3-10 .4
88.035.5
576.5
346.9
174.6
61.0172.9
-62.7.4
3.0
172.3
52.08.7
43.3
23.125.190.638.8
491.6
332.7
253.0
14.0223.7- 6 . 518.83.0
79.7
25.3
20.45.0
52.1-10.9
93.1- . 6
295
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-65.—Federal Reserve Bank credit and reserves of depository institutions, 1929-83
[Averages of daily figures; millions of dollars]
Year and month
Reserve Bank credit outstanding
Total
U.S.Governmentand Federal
securities
Borrowings ofdepositoryinstitutions
Total Seasonal
Other
Reserves of depositoryinstitutions1
Total Required Excess
1929: Dec1933: Dec1939: Dec1940: Dec1941: Dec1942: Dec1943: Dec1944: Dec1945: Dec1946: Dec1947: Dec1948: Dec1949: Dec1950: Dec1951: Dec1952: Dec1953: Dec1954: Dec1955: Dec1956: Dec1957: Dec1958: Dec1959: DecI960: Dec1961: Dec1962: Dec1963: Dec1964: Dec1965: Dec1966: Dec1967: Dec1968-. Dec1969: Dec1970: Dec1971: Dec1972: Dec1973: Dec1974: Dec1975: Dec1976: Dec1977: Dec1978: Dec1979: Dec1980: Dec1981: Dec1982: Dec1983: Dec1983:
JanFebMar
fezJuneJulyAugSeptOctNovDecp.
1,6432,6692,6122,3052,4046t03511,91419,61224,74424,74622,85823,97819,01221,60625,44627,29927,10726,31726,85327,15626,18628,41229,43529,06031,21733,21836,61039,87343,85346,86451,26856,61064,10066,70874,25576,85185,64293,96799,651107,632116,382129,330139,896143,250151,920159,659171,531
157,519155,365155,883159,250160,130162,133164,799163,698168,182169,202167,773171,531
4462,4322,5102,1882,2195,54911,16618,69323,70823,76721,90523,00218,28720,34523,40924,40025,63924,91724,60224,76523,98226,31227,03627,24829,09830,54633,72937,12640,88543,76048,89152,52957,50061,68869,15871,09479,70186,67992,108100,328107,948117,344126,276127,895137,796146,358160,352
144,305143,324144,130146,808148,397150,406152,921153,670157,545158,236156,767160,352
80195
3
490
265334157224134118142657
1,59344124683968871055790687149304327243454557238765
1,086321107
1,0491,29870312762
558874
1,4731,617642697748
500557852993902
1,7141,3821,5731,441837912748
413213125413482116533396
333953829812117219819114211996
39614299114180482658654702822729842607
1,1191,3801,3061,0271,1541,4121,7031,4941,5431,4931,7251,9702,3682,5542,5042,5142,5472,1393,3165,5144,6994,9904,7084,6436,5857,4167,2427,87611,11212,14713,73813,48212,60410,431
12,71411,48410,90111,44910,83110,01310,4968,4559,19610,12910,09410,431
2,3952,588
11,47314,04912,81213,15212,74914,16816,02716,51717,26119,99016,29117,39120,31021,18019,92019,27919,24019,53519,42018,89918,93219,28320,11820,04020,74621,60922,71923,83025,26027,22128,03129,26531,32931,35335,06836,94134,98935,13636,47141,57243,972
3 40,09741,91841,85340,124
41,86239,79738,03938,65038,28238,41538,94738,66037,91638,13738,14440,124
2,34721,822
6,4627,4039,422
10,77611,70112,88414,53615,61716,27519,19315,48816,36419,48420,45719,22718,57618,64618,88318,84318,38318,45018,51419,55019,46820,21021,19822,26723,43824,91526,76627,77428,99331,16431,13434,80636,60234,72734,96436,29741,44743,57840,06741,60641,35339,179
41,31639,36237,60238,17437,83337,93538,44038,21437,41837,63237,61539,179
2 7665,0116,6463,3902,3761,0481,2841,491
900986797803
1,027826723693703594652577516482769568572536411452392345455257272165219262339262172174125394*30312500945
546435437476449480507446498505529945
1 Beginning December 1959, part of currency and cash held by member banks allowed as reserves; beginning November 1960 all suchcurrency and cash allowed.
Beginning November 1972, includes reserve deficiencies on which Federal Reserve Banks were allowed to waive penalties for atransition period in connection with bank adaptation to Regulation J as amended effective November 9, 1972. Transition period endedafter second quarter 1974.
Effective November 1975, includes reserve deficiencies on which penalties are waived over a 24-month period when a nonmemberbank merges into an existing member bank, or when a nonmember bank joins the Federal Reserve System.2 Data are for licensed banks only.
3 Includes all reserve balances of depository institutions plus vault cash at institutions with required reserve balances plus vault cashequal to required reserves at other institutions.4 Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements less required reserves. (Thismeasure of excess reserves is comparable to the old excess reserves concept published historically.)
Source: Board of Governors of the Federal Reserve System.
296Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-66.—A \regate reserves of depository institutions and monetary base, 1959-83
[Averages of daily figures; billions of dollars]
Year and month
1959: Dec
I960- Dec1961: Dec1962- Dec1963: Dec1964- Dec
1965: Dec1966- Dec1967: Dec1968- Dec .. ..1969- Dec
1970- Dec1971: Dec1972: Dec1973- Dec1974: Dec.
1975: Dec1976: Dec . .1977- Dec1978: Dec1979- Dec
1980: Dec1981- Dec1982: Dec1983- D e c
1982:JanFebMarAprMayJune
JulyAugsept::::::::::::::::::::::::::": :OctNovDec
1983:JanFeb.MarAprMayJune
JulyAugSeptOctNovDec
Adjusted -for changes in reserve requirements1
Seasonally adjusted
Reserves of depository institutions
Total2
14.04
14 2214.6814 9815.3215 84
16.4316 4517.9418 9119.16
201521.5023.7024 8526.25
26.3826 8028 0029.4430.71
32.4633 7536.2337.59
34.0034.0534 2234.3434 4234.55
34 5534.70351135 3735.8336.23
35 6336 1036 8037 1537.1337.61
37.8037.6937.7237 6237.4137.59
Nonbor-rowed
13.10
141514.5514 7214.9915.57
15.9915 9117.7118.1618.04
19 8221.3822.6523 5625.52
26.2526.7427 4328.5729.24
30.77331135.6036.81
32.4832.2632 6732.7733 3033.34
33 8634.18341734 8935.2135.60
35 1035 5236 0136 1436.1835.98
36.3536.1536.2836 7836.5036.81
Required
13.54
13 4814.1014 4114.8315.43
16.0116.1117.5618.4818.87
19 9021.3223.4124 5525.99
26.1126.5227 8129.2130.38
31.9433 4335.7337.03
33.5833.7433 8634.0734 0634.24
34 2434.3934 7234 9635.4335.73
35 0935 6636 3736 6836.6837.13
37.2937.2537.2237 1236.8837.03
Mone-tarybase3
43.4
43.644.746.048.350.7
53.355.459.063.166.0
70.175.181.587.595.4
101.7109.0118.3128.8139.3
151.1158 8171.1186.5
159.8160.81615162.5163 8164.9
165 4166.4167 7168 8169.8171.1
1719173 8176 1177 3178.8180.3
181.1182.1183.4184 6185.5186.5
Not seasonally adjusted
Reserves of depository institutions
Total2
14.32
14 4914.9615.2415.5616.09
16.7116.7618.2319.0019.35
20.2721.5123.9225.1126.51
26.6827.2728.4629.9131.26
33.4134 6136.9638.37
35.9233.9933.6334.1233.9733.81
341334.1434.8235 4236.0936.96
37 6135 9736 0636 9136.6436.79
37.3437.0637.3937 6837.6938.37
Nonbor-rowed
13.37
14.4214.8214.9815.2315.82
16.2716.2318.0118.2518.23
19.9321.3822.8723.8125.78
26.5527.2127 8929.0429.79
31.7233 9836.3337.59
34.4032.2032.0732.5532.8532.61
33.4433.6333.8834 9535.4736.33
37 0835 3935 2635 9035.6935.15
35.8935.5235.9536 8436.7937.59
Required
13.81
13.7514.3714.6715.0715.68
16.2916.4217.8618.5719.07
20.0221.3323.6424.8126.25
26.4126.9928.2729.6830.93
32.8934.2936.4637.81
35.5033.6933.2633.8533.6133.50
33.8133.8334.4335.0235.6936.46
37.0635.5435.6236.4436.1936.31
36.8336.6236.89371837.1737.81
Mone-tarybase3
44.3
44.545.647.049.351.7
54.556.660.164.167.2
71.276.082.989.096.9
103.3111.1120.5131.3141.7
154.4161.9174.4190.0
161.3159.0159.3161.6163.0164.2
166.0166.2167.3168.7171.0174.4
173.2171.8173.6176.3177.8179.6
181.7181.8182.9184.4186.7190.0
Reserve aggregates include required reserves of member banks and Edge Act corporations and other depository institutions.Discontinuities associated with the implementation of the Monetary Control Act, the inclusion of Edge Act corporation reserves, andother changes in Regulation D have been removed. Beginning with the week ended December 23, 1981, reserves aggregates have beenreduced by shifts of reservable liabilities to international banking facilities (IBFs). On the basis of reports of liabilities transferred toIBFs by U.S. commercial banks and U.S. agencies and branches of foreign banks, it is estimated that required reserves were lowered onaverage by $10 to $20 million in December 1981 and $40 to $70 million in January 1982.
2 Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cash at institutions with requiredreserve balances plus vault cash equal to required reserves at other instititions.3 Includes reserve balances and required clearing balances at Federal Reserve Banks in the current week plus vault cash held twoweeks earlier used to satisfy reserve requirements at all depository institutions plus currency outside the U.S. Treasury, Federal ReserveBanks, the vaults of depository institutions, and surplus vault cash at depository institutions.
Source: Board of Governors of the Federal Reserve System.
297
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-67 .—Bond yields and interest rates, 1929-83
[Percent per annum]
Year
U.S. Treasury securities
Bills(new issues)l
3-month 6-month
Constantmaturities2
3years
10years
Corporatebonds
(Moody's)
Aaa
High-grade
munici-pal
bonds(Stand-ard &
Poor's)
New-home
mortgageyields
(FHLBB)3
Com-mercialpaper, 6months4
Prime ratecharged by
banks5
Discountrate,
FederalReserveBank of
New York5
Federalfundsrate6
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..1973..1974..
1975..1976..1977..1978..1979..
1980..1981.1982.1983.
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
6.4584.3484.0717.0417.886
5.8384.9895.2657.22110.041
11.50614.02910.6868.63
3.832
3.2472.6052.9083.2533.686
4.0555.0824.6305.4706.853
6.5624.5114.4667.1787.926
6.1225.2665.5107.57210.017
11.37413.77611.0848.75
2.471.63
2.473.193.982.844.46
3.983.543.473.674.03
4.225.235.035.687.02
7.295.655.726.957.82
7.496.776.698.299.71
2.852.40
2.82
4.73
4.49
3.01
2.842.772.832.732.72
2.622.532.612.822.66
2.622.862.963.202.90
5.90
7.76
4.96
4.754.334.283.913.61
3.293.053.243.473.42
3.243.413.523.743.51
4.27
4.71
2.76
2.502.102.362.061.86
1.671.642.012.402.21
1.982.002.192.722.37
3.183.653.32
11.5514.4412.9210.45
4.33
4.123.883.954.004.19
4.284.925.075.656.67
7.356.166.216.847.56
7.997.617.428.419.44
11.4613.9113.0011.10
3.063.363.893.794.38
4.414.354.334.264.40
4.495.135.516.187.03
8.047.397.217.448.57
8.838.438.028.739.63
11.9414.1713.7912.04
3.533.884.714.735.05
5.195.085.024.864.83
4.875.676.236.947.81
9.118.568.168.249.50
10.619.758.979.49
10.69
13.6716.0416.1113.55
2.532.933.603.563.95
3.733.463.183.233.22
3.273.823.984.515.81
6.515.705.275.186.09
6.896.495.565.906.39
8.5111.2311.579.47
5.895.82
5.816.256.466.977.80
8.457.747.607.968.92
9.009.009.029.56
10.78
12.6614.7015.1412.57
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
7.715.114.738.159.84
6.325.345.617.99
10.91
12.2914.7611.898.89
5.50-6.00
1.50-4.00
1.50
1.501.501.501.501.50
1.501.50
1.50-1.751.75-2.00
2.00
2.072.563.003.173.05
3.163.774.203.834.48
4.824.504.504.504.50
4.545.635.616.307.96
7.915.725.258.03
10.81
7.866.846.839.06
12.67
15.2718.8714.8610.79
5.16
2.56
1.00
1.001.00
U.0071.0071.0071.0071.00
1.001.341.50
1.591.751.751.991.60
1.892.773.122.153.36
3.533.003.003.233.55
4.044.504.195.165.87
5.954.884.506.447.83
6.255.505.467.46
10.28
11.7713.4211.028.50
1.782.733.111.573.30
3.221.962.683.183.50
4.075.114.225.668.20
7.184.664.438.73
10.50
5.825.045.547.93
11.19
13.3616.3812.269.09
See next page for continuation of table.
298
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-67.—Bond yields and interest rates, 1929-83—Continued
[Percent per annum]
Yearand
month
1980:JanFebMar....AprMay....June...
July....Aug....Sept...OctNovDec
1981:JanFebMar....
t-June...
July....Aug....Sept...OctNovDec
1982:JanFebMar....z-June...July....Aug....Sept...OctNovDec
1983:JanFebMar....
June...July....Aug....Sept...OctNov....Dec...
U.S. Treasury securities
Bills(new issues)1
3-month
12.03612.81415.52614.0039.1506.995
8.1269.259
10.32111.58013.88815.661
14.72414.90513.47813.63516.29514.557
14.69915.61214.95113.87311.26910.926
12.41213.78012.49312.82112.14812.108
11.9149.0068.1967.7508.0428.013
7.8108.1308.3048.2528.198.829.129.399.058.718.718.96
6-month
11.85112.72115.10013.6189.1497.218
8.1019.443
10.54611.56613.61214.770
13.88314.13412.98313.43415.33413.947
14.40215.54815.05714.01311.53011.471
12.93013.70912.62112.86112.22012.310
12.23610.1059.5398.2998.3198.225
7.8988.2338.3258.3438.208.899.299.539.198.908.899.14
Constantmaturities2
3years
10.8812.8414.0512.029.448.91
9.2710.6311.5712.0113.3113.65
13.0113.6513.5114.0915.0814.29
15.1516.0016.2215.5013.1113.66
14.6414.7314.1314.1813.7714.48
14.0012.6212.0310.629.989.88
9.649.919.849.769.66
10.32
10.9011.3011.0710.8710.9611.13
10years
10.8012.4112.7511.4710.189.78
10.2511.1011.5111.7512.6812.84
12.5713.1913.1213.6814.1013.47
14.2814.9415.3215.1513.3913.72
14.5914.4313.8613.8713.6214.30
13.9513.0612.3410.9110.5510.54
10.4610.7210.5110.4010.3810.85
11.3811.8511.6511.5411.6911.83
Corporatebonds
(Moody's)
Aaa
11.0912.3812.9612.0410.9910.58
11.0711.6412.0212.3112.9713.21
12.8113.3513.3313.8814.3213.75
14.3814.8915.4915.4014.2214.23
15.1815.2714.5814.4614.2614.81
14.6113.7112.9412.1211.6811.83
11.7912.0111.7311.5111.4611.74
12.1512.5112.3712.2512.4112.57
Baa
12.4213.5714.4514.1913.1712.71
12.6513.1513.7014.2314.6415.14
15.0315.3715.3415.5615.9515.80
16.1716.3416.9217.1116.3916.55
17.1017.1816.8216.7816.6416.92
16.8016.3215.6314.7314.3014.14
13.9413.9513.6113.2913.0913.37
13.3913.6413.5513.4613.6113.75
High-grade
munici-pal
bonds(Stand-ard &
Poor's)
7.218.049.098.407.377.60
8.088.628.959.119.55
10.09
9.6510.0310.1210.5510.7310.56
11.0312.1312.8612.6711.7112.77
13.1612.8112.7212.4511.9912.42
12.1111.1210.619.599.979.91
9.459.489.168.969.039.519.469.729.579.649.799.90
New-home
mortgageyields
(FHLBB)3
11.8711.9312.6213.0313.6812.66
12.4812.2512.3512.6113.0413.28
13.2713.5414.0214.1514.1014.67
14.7215.2715.2915.6516.3815.87
15.2515.1215.6715.8415.8915.40
15.7015.6814.9814.4113.8113.69
13.4913.1613.4112.4212.6712.36
12.5012.3812.5412.2512.3412.42
Com-mercialpaper, 6months4
12.6613.6016.5014.939.298.03
8.299.61
11.0412.3214.7316.49
15.1014.8713.5914.1716.6615.22
16.0916.6215.9314.7211.9612.14
13.3514.2713.4713.6413.0213.79
13.0010.8010.869.218.728.50
8.158.398.488.488.319.03
9.369.689.288.989.099.50
Prime ratecharged by
banks (high-low)5
15.25-15.2516.75-15.2519.50-16.7520.00-19.5019.00-14.0014.00-12.00
12.00-11.0011.50-11.0013.00-11.5014.50-13.5017.75-14.5021.50-17.75
21.50-20.0020.00-19.0019.00-17.5018.00-17.0020.50-18.0020.50-20.00
20.50-20.0020.50-20.5020.50-19.5019.50-18.0018.00-16.0015.75-15.75
15.75-15.7517.00-15.7516.50-16.5016.50-16.5016.50-16.5016.50-16.50
16.50-15.5015.50-13.5013.50-13.5013.50-12.0012.00-11.5011.50-11.50
11.50-11.0011.00-10.5010.50-10.5010.50-10.5010.50-10.5010.50-10.5010.50-10.5011.00-10.5011.00-11.0011.00-11.0011.00-11.0011.00-11.00
Discountrate,
FederalReserveBank of
New York(high-low)5
12.00-12.0013.00-12.0013.00-13.0013.00-13.0013.00-12.0012.00-11.0011.00-10.0010.00-10.0011.00-10.0011.00-11.0012.00-11.0013.00-12.00
13.00-13.0013.00-13.0013.00-13.0013.00-13.0014.00-13.0014.00-14.00
14.00-14.0014.00-14.0014.00-14.0014.00-14.0014.00-13.0013.00-12.00
12.00-12.0012.00-12.0012.00-12.0012.00-12.0012.00-12.0012.00-12.00
12.00-11.5011.50-10.0010.00-10.0010.00-9.509.50-9.009.00-8.50
8.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.50
Federalfundsrate6
13.8214.1317.1917.6110.989.479.039.61
10.8712.8115.8518.90
19.0815.9314.7015.7218.5219.10
19.0417.8215.8715.0813.3112.37
13.2214.7814.6814.9414.4514.15
12.5910.1210.319.719.208.95
8.688.518.778.808.638.989.379.569.459.489.349.47
1 Rate on new issues within period; bank-discount basis.2 Yields on the more actively traded issues adjusted to constant maturities by the Treasury Department."Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as well as contract rate and
assuming, on the average, repayment at end of 10 years. Rates beginning January 1973 not strictly comparable with prior rates.4 Bank discount basis; prior to November 1979, data are for 4-6 months paper.5 For monthly data, high and low for the period. Prime rate for 1929-33 and 1947-48 are ranges of the rate in effect during the
period.6 Since July 19, 1975, the daily effective rate is an average of the rates on a given day weighted bv the volume of transactions at
these rates. Prior to that date, the daily effective rate was the rate considered most representative of the day's transactions, usuallythe one at which most transactions occurred.
7 From October 30, 1942, to April 24, 1946, a preferential rate of 0.50 percent was in effect for advances secured by Governmentsecurities maturing in 1 year or less.
Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Home Loan Bank Board (FHLBB),Moody's Investors Service, and Standard & Poor's Corporation.
299
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-68.—Consumer credit outstanding, 1950-83
[Amount outstanding (end of month); millions of dollars, seasonally adjusted]
Year and monthTotal
consumercredit
Installment credi t1
Total Automobile Revolving2 Mobile home 3 Other
Noninstalimentcredit4
December: '1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
198019811982
1982:JanFebMarAprMayJune
JulyAugSeptOctNovDec
1983:JanFebMarAprMayJune
JulyAugSeptOctNov
24,95626,49631,72735,79537,13344,12347,98450,84151,28459,075
63,52566,13472,35181,05590,713101,063107,413112,676123,790134,129
139,355155,537175,286200,894210,634219,772244,932284,599332,849377,486
381,689405,654423,852
408,610408,861407,891411,377413,562416,313
417,209417,134418,089418,885420,333423,852
427,975427,887430,867434,101437,670443,245
448,618452,202455,519460,993467,084
15,16615,85920,12123,87024,47029,80932,66034,91434,73640,421
44,33545,43850,37557,05664,67472,81478,16281,78390,11299,381
103,905116,434131,258152,910162,203169,387190,725226,646269,392307,115
308,137326,274339,316
328,059328,781328,999330,634332,142333,884
334,276334,343335,180335,593336,897339,316
342,041342,776345,358347,629350,325354,731
359,571362,959365,334370,219374,890
6,0355,9817,6519,7029,75513,48514,49915,49314,26716,641
18,10817,65620,00122,89125,86529,37831,02431,13634,35236,946
36,34840,52247,83553,74054,24157,27967,79882,890101,863116,523
116,808125,323130,235
125,956126,102125,783126,258126,970127,727
127,628127,271127,473127,694128,824130,235
130,860130,627131,848132,537133,850135,823
138,244140,765141,050142,822144,060
2,0223,563
4,9008,2529,39111,31813,23214,46716,50536,42745,00453,174
54,65058,72262,830
58,85858,99759,45760,14460,78461,458
61,86762,00762,12062,30262,32662,830
62,89862,76363,94064,85765,37166,581
67,40267,71568,19469,33970,639
2,4337,1719,46813,50514,58214,38214,53014,89715,19916,843
17,30218,28018,912
18,36818,39418,35918,44718,53618,631
18,74418,91018,93218,93218,92018,912
19,33219,53619,47519,49719,51419,665
19,80619,87620,02620,12820,235
9,1319,87812,47014,16814,71516,32418,16119,42120,46923,780
26,22727,78230,37434,16538,80943,43647,13850,64753,73858,872
60,22460,48964,56474,34780,14883,25991,89292,432107,326120,575
119,377123,949127,339
124,877125,288125,400125,785125,852126,068
126,037126,155126,655126,665126,827127,339
128,951129,850130,095130,738131,590132,662
134,119134,603136,064137,930139,956
9,79010,63711,60611,92512,66314,31415,32415,92716,54818,654
19,19020,69621,97623,99926,03928,24929,25130,89333,67834,748
35,45039,10344,02847,98448,43150,38554,20757,95363,45770,371
73,55279,38084,536
80,551
78,89280,74381,42082,429
82,93382,79182,90983,29283,43684,536
85,93485,11185,50986,47287,34588,514
89,04789,24390,18590,77492,194
1 Installment credit covers most short- and intermediate-term credit extended to individuals through regular business channels,usually to finance the purchase of consumer goods and services or to refinance debts incurred for such purposes, and scheduled to berepaid (or with the option of repayment) in two or more installments. Credit secured by real estate is generally excluded.
2 Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Prior to1968, included in "other," except gasoline companies, included in noninstaliment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in other." Also beginning 1977, some retail credit was reclassified from commercial intoconsumer credit.
3 Not reported separately prior to July 1970.4 Noninstaliment credit is credit scheduled to be repaid in a lump sum, including single-payment loans, charge accounts, and service
credit. Because of inconsistencies in the data and infrequent benchmarking, series is no longer published by the Federal Reserve Boardon a regular basis. Data are shown here as a general indication of trends.
Source: Board of Governors of the Federal Reserve System.
300
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-69.—Net change in consumer credit outstanding, 1950-83
[Change from preceding period; millions of dollars, seasonally adjusted]
Year and monthTotal
consumercredit
Installment cred i t 1
TotalAuto-mobile
Revolv-ing *
Mobilehome3 Other
Nonin-stallmentcredit4
December:1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980...1981...1982...
1982:JanFebMar....AprMay....June...
JulyAugSeptOctNovDec
1983:JanFebMarAprMayJune
July....Aug....Sept...OctNov....
4,7101,5405,2314,0681,3386,9903,8612,857443
7,791
4,4502,6096,2178,7049,65810,3506,3505,26311,11410,339
5,22616,18219,74925,6089,7409,138
25,16039,66748,25044,637
4,20323,96518,198
2,956251
-9703,4862,1852,751
896- 7 5955796
1,4483,519
4,123- 8 82,9803,2343,5695,575
5,3733,5843,3175,4746,091
3,220693
4,2623,749600
5,3392,8512,254-1 7 85,685
3,9141,1034,9376,6817,6188,1405,3483,6218,3299,269
4,52412,52914,82421,6529,2937,184
21,33835,92142,74637,723
1,02218,13713,042
1,785722218
1,6351,5081,742
39267
837413
1,3042,419
2,725735
2,5822,2712,6964,406
4,8403,3882,3754,8854,671
1,539— 541,6702,051
533,7301,014994
-1,2262,374
1,467-4522,3452,8902,9743,5131,646112
3,2162,594
-5984,1747,3135,905501
3,03810,51915,09218,97314,660
2858,5154,912
633146
-319475712757
-99-357202221
1,1301,411
625-2331,221689
1,3131,973
2,4212,521285
1,7721,238
2,0221,541
1,3373,3521,1391,9271,9141,2352,038
19,9228,5778,170
1,4764,0724,108
136139460687640674
40914011318224
504
68-1351,177917514
1,210
821313479
1,1451,300
2,4334,7382,2974,0371,077-200
148367302
1,644
459978632
26-35888995
113166220
-12
420204-612217
151
14170150102107
1,681747
2,5921,698547
1,6091,8371,2601,0483,311
2,4471,5552,5923,7914,6444,6273,7023,5093,0915,134
1,352265
4,0759,7835,8013,1118,633540
14,89413,249
-1,1984,5723,390
92841111238567
216
-3111850010
162512
1,612899245643852
1,072
1,457484
1,4611,8662,026
1,490847969319738
1,6511,010
603621
2,106
5361,5061,2802,0232,0402,2101,0021,6422,7851,070
7023,6534,9253,956
4471,9543,8223,7465,5046,914
3,1815,8285,156
1,171- 4 7 1
-1,1881,851
6771,009
504-142
118383144
1,100
1,398- 8 2 3
398963873
1,169
533196942589
1,420
1 Installment credit covers most short- and intermediate-term credit extended to individuals through regular business channels,usually to finance the purchase of consumer goods and services or to refinance debts incurred for such purposes, and scheduled to berepaid (or with the option of repayment) in two or more installments. Credit secured by real estate generally excluded.
2 Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Prior to1968, included in "other," except gasoline companies, included in noninstallment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in "other." Also beginning 1977, some retail credit was reclassified from commercial intoconsumer credit.
3 Not reported separately prior to July 1970.4 Noninstallment credit is credit scheduled to be repaid in a lump sum, including single-payment loans, charge accounts, and service
credit. Because of inconsistencies in the data and infrequent benchmarking, series is no longer published by the Federal Reserve Boardon a regular basis. Data are shown here as a general indication of trends.
Note.—See also Table B-68.
Source: Board of Governors of the Federal Reserve System.
3014 2 4 - 4 5 6 0 - 8 4 - 2 0Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-70.—Mortgage debt outstanding by type of property and of financing, 1939-83
[Billions of dollars]
End of yearor quarter
Allproper-
ties
Farmproper-
ties
Nonfarm properties
Total1- to 4-familyhouses
Multi-familyproper-
ties
Com-mercialproper-t ies 1
Nonfarm properties by type of mortgage
Government underwritten
Total2
1- to 4-family houses
TotalFHA
insured
VAguar-
anteed
Conventional3
Total1- to 4-familyhouses
1939
19401941194219431944
19451946194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
198019811982
1981: IIIIllIV
1982: IIIIllIV
1983:I
35.5
36.537.636.735.334.7
35.541.848.956.262.7
72.882.391.4101.3113.7
129.9144.5156.5171.8190.8
207.5228.0251.4278.5305.9
333.3356.5381.2410.9441.4
474.2526.5603.4681.6744.3
806.1893.0
1,022.61,173.61,337.7
1,471.81,583.31,655.2
1,497.61,533.31,561.71,583.3
1,602.91,624.31,632.21,655.2
1,682.61,724.11,774.2
6.6
6.56.46.05.44.9
4.84.95.15.35.6
6.16.77.27.78.2
9.09.810.411.112.1
12.813.915.216.818.9
21.223.125.127.429.2
30.332.235.841.346.3
51.156.663.670.882.7
92.0101.7106.8
94.597.5100.0101.7
103.9105.5106.4106.8
106.9107.7108.8
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
194.7214.1236.2261.7287.0
312.1333.4356.1383.5412.2
443.8494.3567.7640.3698.0
755.0836.4958.9
1,102.81,255.1
1,379.81,481.51,548.4
1,403.21,435.81,461.71,481.5
1,498.91,518.81,525.81,548.4
1,575.71,616.41,665.3
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
141.9154.6169.3186.4203.4
220.5232.9247.3264.8283.2
298.1328.3372.2415.5451.2
495.0560.7657.8770.6891.1
987.01,065.31,114.2
1,004.11,028.41,047.81,065.3
1,076.91,089.51,096.21,114.2
1,133.31,161.81,198.4
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
20.323.025.829.033.6
37.240.343.947.352.2
60.170.182.893.1
100.0
100.6104.5111.5120.7128.4
137.1136.4140.3
138.1139.3140.2136.4
137.7138.3138.4140.3
142.2145.4147.7
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
32.436.541.146.250.0
54.560.164.871.476.9
85.695.9
112.7131.7146.9
159.3171.2189.6211.4235.6
255.7279.9293.9
261.0268.1273.7279.9
284.3291.0291.2293.9
300.2309.2319.3
1.8
2.33.03.74.14.2
4.36.39.8
13.617.1
22.126.629.332.136.2
42.947.851.655.259.3
62.365.669.473.477.2
81.284.188.293.4
100.2
109.2120.7131.1135.0140.2
147.0154.1161.7176.4199.0
225.1238.9248.9
229.1233.6237.0238.9
240.5241.6246.8248.9
252.5261.1
1.8
2.33.03.74.14.2
4.36.19.3
12.515.0
18.822.925.428.132.1
38.943.947.250.153.8
56.459.162.265.969.2
73.176.179.984.490.2
97.3105.2113.0116.2121.3
127.7133.5141.6153.4172.9
195.2207.6217.9
198.8202.7205.9207.6
209.0209.8214.8217.9
222.1230.0
1.8
2.33.03.74.14.2
4.13.73.85.36.9
8.59.7
10.812.012.8
14.315.516.519.723.8
26.729.532.335.038.3
42.044.847.450.654.5
59.965.768.266.265.1
66.166.568.071.481.0
93.6101.3108.0
95.798.1
100.0101.3
102.0102.7106.2108.0
110.8115.8
0.22.45.57.28.1
10.313.214.616.119.3
24.628.430.730.430.0
29.729.629.930.930.9
31.131.332.533.835.7
37.339.544.750.056.2
61.667.073.682.092.0
101.6106.2109.9
103.1104.6105.9106.2
107.0107.1108.6109.9
111.3114.3
27.1
27.728.227.125.825.5
26.530.634.137.340.0
44.749.154.961.569.3
78.086.894.6
105.5119.4
132.3148.5166.9188.2209.8
231.0249.3267.9290.1312.0
334.6373.5436.5505.3557.8
608.0682.3797.2926.4
1,056.1
1,154.71,242.61,299.5
1,174.01,202.21,224.81,242.6
1,258.41,277.21,278.91,299.5
1,323.21,355.3
14.5
15.115.414.513.713.7
14.316.918.920.822.6
26.328.933.238.043.6
49.355.160.467.677.0
85.595.5
107.1120.5134.1
147.4156.9167.4180.4193.0
200.8223.1259.2299.2329.9
367.3427.1516.2617.3718.1
791.8857.7896.3
805.2825.7841.9857.7
868.0879.7881.4896.3
911.2931.8
1 Includes negligible amount of farm loans held by savings and loan associations.2 Includes FHA insured multifamily properties, not shown separately.3 Derived figures. Total includes multifamily and commercial properties, not shown separately.
Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.
302
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-71.— Mortgage debt outstanding by holder, 1939-83
[Billions of dollars]
End of yearor quarter Total
Major financial institutions
TotalSavingsand loanassocia-
tions
Mutualsavingsbanks
Commer-cial
banks1
Lifeinsur-ancecom-
panies
Other holders
Federaland
relatedagen-cies2
Individ-uals andothers
1939
19401941194219431944
1945..1946..1947..1948..1949..
1950..1951..1952..1953..1954..
19551956195719581959
19601961196219631964
19651966196719681969
1970..1971..1972..1973..1974..
1975..1976..1977..1978..1979..
1980..1981..1982..
1981: IIIIllIV
1982: I..
IV
1983: I....II...
35.5
36.537.636.735.334.7
35.541.848.956.262.7
72.882.391.4
101.3113.7
129.9144.5156.5171.8190.8
207.5228.0251.4278.5305.9
333.3356.5381.2410.9441.4
474.2526.5603.4681.6744.3
806.1893.0
1,022.61,173.61,337.7
1,471.81,583.31,655.2
1,497.61,533.31,561.71,583.3
1,602.91,624.31,632.21,655.2
1,682.61,724.11,774.2
18.6
19.520.720.720.220.2
21.026.031.837.842.9
51.759.566.975.185.7
99.3111.2119.7131.5145.5
157.6172.6192.5217.1241.0
264.6280.8298.8319.9339.1
355.9394.2450.0505.4542.6
581.2647.5745.0848.2938.6
997.21,040.81,023.7
1,007.01,023.31,034.01,040.8
1,041.71,042.91,027.01,023.7
1,029.81,049.81,080.3
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
110.3114.4121.8130.8140.2
150.3174.3206.2231.7249.3
278.6323.0381.2432.8475.7
503.2518.5482.2
507.6515.4519.0518.5
516.1513.0493.9482.2
475.7473.1481.3
4.8
4.94.84.64.44.3
4.24.44.95.86.7
8.39.9
11.412.915.0
17.519.721.223.325.0
26.929.132.336.240.6
44.647.350.553.556.1
57.962.067.673.274.9
77.281.688.195.298.9
99.9100.097.8
99.7100.0100.0100.0
97.596.394.497.8
105.4119.2128.1
4.3
4.64.94.74.54.4
4.87.29.4
10.911.6
13.714.715.916.918.6
21.022.723.325.528.1
28.830.434.539.444.0
49.754.459.065.770.7
73.382.599.3
119.1132.1
136.2151.3179.0214.0245.2
263.0284.5301.7
266.7273.2279.0284.5
289.4294.0298.3301.7
30.57312.7324.1
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
74.475.576.981.486.2
89.291.696.8
106.2118.8
131.1137.7141.9
132.9134.7136.0137.7
138.8139.5140.4141.9
143.0144.7146.9
5.0
4.94.74.33.63.0
2.42.01.81.82.3
2.83.54.14.64.8
5.36.27.78.0
10.2
11.512.212.611.812.2
13.517.520.925.131.1
38.346.454.664.882.1
101.0116.6140.3170.4215.7
256.6289.1354.8
263.5271.4279.9289.1
301.0315.1332.8354.8
374.6394.8412.9
11.9
12.012.211.711.511.5
12.113.815.316.617.5
18.419.320.421.723.2
25.327.129.132.335.1
38.443.146.349.552.7
55.258.261.465.971.2
79.985.998.9
111.4119.7
123.8128.9137.2155.0183.4
218.1253.3276.6
227.2238.6247.8253.3
260.2266.3272.3276.6
278.2279.6280.9
1 Includes loans held by nondeposit trust companies, but not by bank trust departments.2Includes former Federal National Mortgage Association (FNMA) and new Government National Mortgage Association (GNMA), as well
as Federal Housing Administration, Veterans Administration, Public Housing Administration, Farmers Home Administration, and in earlieryears Reconstruction Finance Corporation, Homeowners Loan Corporation, and Federal Farm Mortgage Corporation. Also includes GNMAPools and U.S.-sponsored agencies such as new FNMA, Federal Land Banks, and Federal Home Loan Mortgage Corporation. Other U.S.agencies (amounts small or current separate data not readily available) included with "individuals and others.
Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.
303
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
GOVERNMENT FINANCE
TABLE B-72.—Federal budget receipts, outlays, and debt, fiscal years 1974-85
[Millions of dollars; fiscal years]
DescriptionActual
1975 1976 1977 1978 1979
BUDGET RECEIPTS AND OUTLAYS:
Total receipts
Federal fundsTrust fundsInterfund transactions..
Total outlays
Federal fundsTrust fundsInterfund transactions....
Total surplus or deficit ( - ) . .
Federal fundsTrust funds
OUTSTANDING DEBT, END OF PERIOD:
Gross Federal debt
Held by Government agencies..Held by the public
Federal Reserve System..Other
279,090
187,505116,683-25,098
324,245
240,081109,261-25,098
-45,154
-52,5767,422
544,131
147,225396,906
84,993311,913
298,060
201,099131,750-34,789
364,473
269,921129,341-34,789
-66,413
-68,8222,409
631,866
151,566480,300
94,714385,586
355,559
241,312150,560-36,313
400,506
295,756141,063-36,313
-44,948
_ 54 444
9^496
709,138
157,295551,843
105,004446,839
399,561
270,490165,568-36,498
448,368
331,991152,874-36,498
-48,807
-61,50112,694
780,425
169,477610,948
115,480495,468
463,302
316,366186,988-40,052
490,997
362,396168,653-40,052
-27,694
-40,03018,335
833,751
189,162644,589
115,594528,996
BUDGET RECEIPTS...
Individual income taxesCorporation income taxesSocial insurance taxes and contributions.Excise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts:
Deposits of earnings by Federal Reserve System.All other
BUDGET OUTLAYS..
National defense l
International affairsGeneral science, space, and technology.EnergyNatural resources and environmentAgricultureCommerce and housing credit.TransportationCommunity and regional development.Education, training, employment, and social servicesHealthSocial security and medicare2
Social securityMedicare
Income securityVeterans benefits and servicesAdministration of justiceGeneral governmentGeneral purpose fiscal assistanceNet interestAllowancesUndistributed offsetting receiptsx
Composition of undistributed offsetting receipts:Employer share, employee retirementx
Rents and royalties on the Outer Continental Shelf..
279,090
122,38640,62184,53416,5514,6113,676
5,777935
324,245
86,5097,0733,9912,1857,3431,6615,61210,3903,74115,88212,87077,53264,65812,87450,16016,5992,9512,9137,187
23,245
298,060
131,60341,40990,76916,9635,2164,074
5,4512,576
364,473
89,6195,7404,3733,1318,1812,4953,79613,4384,76718,74915,67789,73673,90315,83460,78418,4333,3242,6687,235
26,711
355,559
157,62654,892
106,48517,5487,3275,150
5,908623
400,506
97,2414,9914,6794,154
10,0275,537
10214,6406,348
20,99917,246
104,41485,06819,34561,04718,0383,6022,9419,499
29,878
399,561
180,98859,952
120,96718,3765,2856,573
6,641778
448,368
104,4956,1114,7465,837
10,9807,7173,337
15,44511,07226,47518,485
116,62993,86122,76861,48518,9783,8103,4429,601
35,441
-13,602
-11,174-2,428
-14,386
-11,724-2,662
-14,879
-12,505-2,374
-15,720
-13,461-2,259
463,302
217,84165,677
138,93918,7455,4117,439
8,327925
490,997
116,3426,2635,0516,863
12,1336,1912,579
17,4689,544
29,69320,477
130,567104,07326,49566,35919,9314,1693,8558,372
42,615
-17,476
-14,209-3,267
1 Starting in 1985 military retired pay will be financed from a trust fund in the income security function. The national defensefunction will include accrual charges to pay for retirement benefits earned by currently active duty personnel, and these will be offset inthe undistributed offsetting receipts (employer share, employee retirement). The data for the earlier years have been adjusted to becomparable to this new usage.
2 The Social Security Amendments of 1983 require that social security and medicare show in the budget as a separate function. Inprevious budgets social security was in the income security function and medicare was in the health function. The data in this tablenave been reconstructed to be comparable for all years shown.
See next page for continuation of table.
304
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TABLE B-72.—Federal budget receipts, outlays, and debt, fiscal years 1974-85—Continued
[Millions of dollars; fiscal years]
DescriptionActual
1980 1981 1982 1983
Estimates
1984 1985
BUDGET RECEIPTS AND OUTLAYS:
Total receipts
Federal fundsTrust fundsInterfund transactions....
Total outlays
Federal fundsTrust fundsInterfund transactions....
Total surplus or deficit ( - ) ..
Federal funds...Trust funds
OUTSTANDING DEBT, END OF PERIOD:
Gross Federal debt
Held by Government agencies..Held by the public
Federal Reserve System..Other
517,112
350,856210,930-44,674
576,675
419,220202,129-44,674
-59,563
-68,3648,801
914,317
199,212715,105
120,846594,259
599,272
410,422239,413-50,563
657,204
475,171232,596-50,563
-57,932
-64,7496,817
1,003,941
209,507794,434
124,466669,968
617,766
409,253268,407-59,894
728,375
526,113262,155-59,894
-110,609
-116,8606,252
1,146,987
217,560929,427
134,497794,929
600,562
382,432317,368-99,238
795,969
600,920294,287-99,238
-195,407
-218,48823,081
1,381,886
240,1161,141,770
155,527986,243
670,071
420,009331,511-81,449
853,760
628,789306,420
-81,449
-183,689
-208,78025,091
1,591,573
266,8031,324,770
745,127
464,246393,460
-112,578
925,492
687,221350,850
-112,578
-180,365
-222,97542,610
1,828,388
310,6181,517,770
BUDGET RECEIPTS
Individual income taxesCorporation income taxesSocial insurance taxes and contributionsExcise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts-.
Deposits of earnings by Federal ReserveSystem
All other
BUDGET OUTLAYS
National defense x
International affairsGeneral science, space, and technologyEnergyNatural resources and environmentAgricultureCommerce and housing creditTransportationCommunity and regional developmentEducation, training, employment, and social serv-
icesHealthSocial security and medicare2
Social securityMedicare
Income securityVeterans benefits and servicesAdministration of justiceGeneral governmentGeneral purpose fiscal assistanceNet interestAllowancesUndistributed offsetting receipts1
Composition of undistributed offsetting receipts-.Employer share, employee retirement l
Rents and royalties on the Outer ContinentalShelf
517,112
244,06964,600
157,80324,3296,3897,174
11,767981
576,675
133,99510,8825,7266,312
13,8564,8577,788
21,13210,072
30,79523,148
150,648118,55932,08986,41121,1854,5824,1338,584
52,511
599,272
285,91761,137
182,72040,839
6,7878,083
12,834956
657,204
157,51311,2506,358
10,27713,5655,5333,953
23,3959,395
31,42426,858
178,733139,58439,14999,24322,9914,7624,4056,856
68,734
617,766
297,74449,207
201,49836,311
7,9918,854
15,186975
728,375
185,30810,1057,0804,68112,99514,8893,86720,5707,166
26,32927,435
202,531155,96446,567107,02223,9584,7034,4486,393
84,995
600,562
288,93837,022
208,99435,3006,0538,655
14,4921,109
795,969
209,9018,9957,7453,99912,66922,2064,422
21,3856,936
26,60628,655
223,311170,72452,588122,15624,8465,0994,7846,454
89,774
670,071
293,26066,606
239,49438,1955,9229,064
14,3523,179
853,760
237,54613,5028,2913,46312,30210,6933,805
26,1237,594
28,68330,665
240,225179,16161,064112,46225,7996,0215,6526,741
108,239
-19,942
-15,842
-4,101
-28,041
-17,903
-10,138
-26,099
-19,849
-6,250
-33,976
-23,484
-10,491
-34,047
-25,347
-8,700
745,127
328,41076,540
270,68338,4435,6459,370
14,7991,238
925,492
272,04017,4928,8183,144
11,34614,319
1,12727,0617,586
27,89332,916
260,321190,63969,683
114,36026,723
6,1405,7446,658
116,138938
-35,273
-27 ,873
- 7 , 4 0 0
Note.—Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning withfiscal year 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis. Beginning October 1976 (fiscal year 1977),the fiscal year is on an October 1-September 30 basis.
Refunds of receipts are excluded from receipts and outlays.
See "Budget of the United States Government, Fiscal Year 1985" for additional information.
Sources: Department of the Treasury and Office of Management and Budget.
305
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TABLE B-7'3.—Federal receipts and outlays, off-budget outlays, and debt, fiscal years
1929-85[Billions of dollars]
Fiscal year
1929
1933
1939
19401941 . ...194219431944
19451946194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971 .197219731974
19751976Transition quarter197719781979
19801981198219831984 2
1985
Budget
Receipts
3.9
2.0
5.0
6.48.6
14.423.644.3
45 239.338.441.839.4
39.551.666.269.669.7
65 574.580.079 679.2
92.594.499 7
106.6112.7
116.8130 9148.9153 0186.9
192.8187 1207 3230.8263.2
27912981
81.2355.6399.6463 3
517.1599 3617.8600 6670.1745.1
Outlays
3.1
4.6
8.8
9.513.635.178.591.3
92 755.234.529.838.8
42.645.567.776.170.9
68 570.576.782 692.1
92.297.8
106 8111.3118.6
118.4134 7157.61781183.6
195.7210 2230 7245.6267.9
324 2364 594.2
400.5448.44910
576.7657 2728.4796 0853.8925.5
Surplus ordeficit
0.7
- 2 . 6
3.9
3.1- 5 . 020.8
-54.9-47.0
- 4 7 515.93.9
12.0.6
3.16.11.5
- 6 . 51.2
- 3 04.13.229
-12.9
.3- 3 . 4
71- 4 . 8
5.9
- 1 . 638
-8 .725 2
3.2
2.823 023 4
-14.8-4 .7
45 266 4
-13.0-44.9-48.8- 2 7 7
-59.657 9
-110.6- 1 9 5 4-183.7-180.4
Off-budgetoutlays
0.11.4
8.1731.88.7
10.412.5
14.221017.312.416.214.8
Budgetand off-budget
surplus ordeficit
-14.9- 6 . 1
-53 .2-73.7
14.7-53 .6-59 .2-40 .2
-73.8- 7 8 9
-127.9-207.8
199.9-195.2
Gross Federal debt (endof period)
Total
48.2
50.757.579.2
142.6204.1
2601271.0257.1252.0252.6
256.9255.3259.1266.0270.8
274.4272.8272.4279 7287.8
290.9292.9303.3310.8316.8
323.2329.5341.3369 8367.1
382.6409.5437 3468.4486.2
544.1631.9646.4709.1780.4833.8
914.31,003.91,147.01,381.91,591.61,828.4
Held bythe public
41.4
42.848.267.8
127.8184.8
235.2241.9224.3216.3214.3
219.0214.3214.8218.4224.5
226.6222.2219.4226.4235.0
237.2238.6248.4254.5257.6
261.6264.7267.5290 6279.5
284.9304.3323.8343.0346.1
396.9480.3498.3551.8610.9644.6
715.1794.4929.4
1,141.81,324.81,517.8
1 Not strictly comparable with later data.2 Estimates.Note.—Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning with
fiscal year 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977),the fiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is aseparate fiscal period known as the transition quarter.
Data for 1929-39 are according to the administrative budget and those beginning 1940 according to the unified budget.Refunds of receipts are excluded from receipts and outlays.See "Budget of the United States Government, Fiscal Year 1985" for additional information.Sources: Department of the Treasury and Office of Management and Budget.
306
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TABLE B-74.—Relation of Federal Government receipts and expenditures in the national income and
product accounts to the unified budget, fiscal years 1983-85
[Billions of dollars; fiscal years]
Receipts and expenditures 1983
Estimate
1984 1985
RECEIPTSTotal budget receipts..,
Government contribution for employee retirement (grossing)..Other netting and grossingAdjustment to accrualsGeographic exclusionsOthlr
Federal sector, national income and product accounts, receipts..
EXPENDITURESTotal budget outlays
Lending and financial transactionsGovernment contribution for employee retirement (grossing)..Other netting and grossingDefense timing adjustmentBonuses on Outer Continental Shelf land leasesGeographic exclusionsOther
Federal sector, national income and product accounts, expenditures...
600.6
12.29.49.7
- 1 . 4.2
630.7
796.0
816.4
670.1
13.012.1
- 2 . 2-1 .7
691.3
853.8
875.5
745.1
14.413.58.3
- 1 . 9.2
779.2
925.5
-5 .712.29.41.07.4
- 4 . 91.0
- 7 . 013.012.1
.65.1
-5 .13.0
- 4 . 814.413.5
- 1 . 94.0
- 5 . 32.4
947.8
Note.—See Note, Table B-73.See Special Analysis B, "Special Analyses, Budget of the United States Government, Fiscal Year 1985" for description of these
categories.Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and
Budget.
307
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TABLE B-75.—Government receipts and expenditures, national income and product accounts, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Calendar year or quarter
1929 .19331939
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983"
1981:1IIIIIIV
1982:1IIIIIIV
1983:1IIIllIV P
Total government
Receipts
11.39.3
15.4
17.725.032.649.251.253.251.056.958.955.9
69.085.290.194.689.9
101.1109.7116.2115 0129.4
139.5144 8156.7168.5174.0188.3212.3228.2263 1296.7
302.8322.6368.3413.1455.2470 5538 4605.4681.9765.1
838.3957.2972.5
1,040.1
938.2948.1974 0968.4
962.9973 9975.0978.3
999 21,044.61,050.6
Expendi-tures
10.310.717.6
18.428 864.093.3
103.092.745.642.550.559.3
61.079.293.9
101.697.098.0
104.5115.2127 6131.0
136.4149 1160.5167.8176.3187.8213.6242.4269 1286.8
313.4342.0371.6405.3460.0534 3574 9623.3681.1750.8
869.0984.1
1,088.31,171.9
946.3958.79991
1,032.2
1,042.7105511,101.91,153.7
1142 11,159.01,182.41204 0
Surplus ordeficit
nationalincome
andproduct
accounts
1.0- 1 . 4
2.2
_ j
-3^8-31 .4-44.1-51.8
39.55.4
14.48.4
- 3 . 4
8.06.13.8
- 6 . 9-7 .1
3.15.2
.9- 1 2 6
- 1 . 6
3.14 3
- 3 . 8.7
- 2 . 3.5
- 1 . 314.2609.9
-10.6-19.4
- 3 . 37.84.7
63 836 5
-17.8.8
14.3
30.7-26.9
-115.8-131.8
- 8 . 1-10.6
25 2-63.7
-79.7812
-127.0-175.3
-142 9-114.4-131.8
Federal Government
Receipts
3.82.76.7
8.615.422.939.341.042.539.143.243.238.7
50.064.367.370.063.772.678.081.978 789.8
96.1981
106.2114.4114.9124.3141.8150.5174 4196.9
191.9198.6227.5258.6287.8287 33318375.2431.6493.6
540.9627.0617.4643.3
617.4622.6638 8629.2
619.5622 2615.2612.6
623 3652.6645.2
Expendi-tures
2.64.08.9
10.020.556.185.895.584.635.629.834.941.3
40.857.871.177.169.868.171.979.688 991.0
93.11019110.4114.2118.2123.8143.6163.7180 5188.4
204.3220.6244.3264.2299.3356 6384 8421.1461.0509.7
602.1689.2764.4826.2
660.8669.97012725.0
728.0735 4773.5820.9
806.6818.7832.5847.0
Surplus ordeficit(-),
nationalincome
andproductaccounts
1.2- 1 . 3- 2 . 2
- 1 . 3- 5 . 133.1
-46.654.5
-42.13.5
13.48.3
- 2 . 6
9.26.53.7
- 7 . 16.04.46.12.3
-10.31.1
3.0- 3 9- 4 . 2
.3- 3 . 3
.5- 1 . 8
-13.2608.4
12.4-22.0-16.8
- 5 . 6-11.5
69 353145.9
-29.5-16.1
-61.262.2
-147.1-182.9
-43.4-47.3-62.4
95.8
-108.5-113.2-158.3-208.2
-183.3-166.1
187.3
State and locagovernment
Receipts
7.67.29.6
10.010 410.610.911.111.613.015.417.719.5
21.323.425.427.429.031.735.038.542.046.4
49.954 058.563.269.575.184.893.6
107 3120.2
135.4153.0178.3195.0211.4237 7267 8297.7327.6352.0
386.1418.1439.1483.3
411.3415.9421.6423.4
425.9436.8442.8450.7
461.7478.7492.7
Expendi-tures
7.87.29.6
9.39.18.88.48.59.0
11.114.417.620.2
22.523.925.527.330.232.935.939.844.346.9
49.854.458.062.868.575.184.394.7
107.2118.7
133.5150.4164.8181.6204.6232.2251.2269.7297.3321.5
355.5382.7407.8432.3
376.0379.2384.3391.4
397.2404.8411.4417.8
421.3427.0437.1443.5
Surplus ordeficit(-),
nationalincome
andproductaccounts
02- . 1
.0
.6131.82.52.72.61.91.0.1
- . 7
- 1 . 2- . 4
.0
.11.1
- 1 . 3- . 91.4
- 2 . 4- .4
.1- . 4
.5
.51.0
- . 0.5
-1 .1.1
1.5
1.92.6
13.513.46.85.5
16.628.030.330.4
30.635.331.351.0
35.336.737.332.0
28.832.031.332.9
40.451.755.5
Note.—Federal grants-in-aid to State and local governments are reflected in Federal expenditures and State and local receipts Totalgovernment receipts and expenditures have been adjusted to eliminate this duplication.
Source: Department of Commerce, Bureau of Economic Analysis.
308
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TABLE B-76.—Federal Government receipts and expenditures, national income and product accounts,
1959-85
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
Receipts
Total
Personaltax andnontax
receiptsaccruals accruals
Corpo-rate
profitstax
Indirectbusinesstax andnontax
Contri-butions
forsocialinsur-ance
Expenditures
Total1
Pur-chases
of goodsand
servicesTo
persons
Transferpayments
Toforeign-
ers
Grants-in-aid to
Stateandlocal
govern-ments
Netinter-estpaid
Subsi-diesless
currentsurplus
ofgovern-
mententer-prises
Surplusor
deficit(-),
nationalincome
andproduct
accounts
Fiscal year:2
19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984 31985 3
Calendar year:1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983 »
1982:IIIIllIV
1983:IIIIllIV *.
85.494.895.0
104.0110.0115.6120.0132.7146.0159.9189.8194.8192.4213.4240.7271.6283.4314.9365.9414.3480.8525.9610.3627.8630.7691.3779.2
89.896.198.1
106.2114.4114.9124.3141.8150.5174.4196.9191.9198.6227.5258.6287.8287.3331.8375.2431.6493.6540.9627.0617.4643.3
619.5622.2615.2612.6
623.3652.6645.2
38.242.543.647.349.650.751.457.564.471.490.294.087.9
100.5107.4122.7127.5137.2166.4186.5222.6250.4289.3310.4295.3302.1340.8
39.943.644.748.651.548.653.961.767.579.795.192.690.3
108.2114.7131.3125.8147.3170.1194.9230.6257.7298.6304.7295.8
306.5308.5300.6303.0
297.7304.2286.9294.3
21.422.320.022.723.325.727.130.830.333.136.832.931.934.241.243.441.852.558.967.376.169.970.551.354.374.893.5
22.521.421.522.524.626.128.931.430.036.136.130.633.536.643.345.143.654.661.671.374.270.367.546.559.3
47.648.447.842.1
48.659.866.6
12.013.213.314.215.015.616.915.515.817.118.619.220.019.920.721.422.224.324.527.229.135.553.650.350.756.655.4
12.513.413.614.615.316.216.515.616.318.019.019.320.420.021.221.723.923.425.028.129.439.056.448.353.9
49.547.747.948.3
48.656.055.555.3
13.916.718.119.922.123.624.528.935.538.344.248.852.658.971.584.291.9
101.0116.2133.3153.1170.0196.9215.7230.4257.8289.5
14.917.618.320.523.124.025.033.136.740.746.749.354.462.779.589.894.1
106.5118.5137.2159.5173.9204.5217.9234.4
215.8217.6218.9219.3
228.5232.6236.2240.2
91.291.398.1
106.2111.7117.2118.5132.7154.9172.2184.6195.5212.9232.7255.7278.2328.8370.7411.2450.4495.6576.5668.1740.0816.4875.5947.8
91.093.1
101.9110.4114.2118.2123.8143.6163.7180.5188.4204.3220.6244.3264.2299.3356.6384.8421.1461.0509.7602.1689.2764.4826.2
728.0735.4773.5820.9
806.6818.7832.5847.0
54.852.955.861.063.765.964.672.486.095.098.097.194.9
100.6101.1104.5117.9125.1139.8150.4164.1189.3218.5251.0274.7292.6340.0
53.953.757.463.764.665.267.378.890.998.097.695.796.2
101.7102.0111.0122.7129.2143.4153.6168.3197.0229.2258.7275.2
249.7244.1261.7279.2
273.5273.7278.1275.6
19.920.623.625.126.527.428.431.837.242.748.755.067.776.187.2
101.8131.4153.8166.6178.7197.8234.6273.5304.1338.5347.0367.8
20.121.625.025.627.027.930.333.540.146.050.661.372.780.593.3
114.5146.3158.8169.6181.8205.0246.2280.9314.8338.7
296.5305.3320.1337.;
335.3341.0337.5340.9
1.81.82.12.12.12.22.22.32.22.12.22.02.32.82.73.03.13.03.23.54.14.85.86.16.27.48.5
1.81.92.12.22.22.22.22.32.22.12.12.22.62.72.63.23.13.23.33.84.25.35.76.35.8
6.05.95.87.6
5.06.06.06.4
6.26.96.97.68.39.8
10.912.714.817.819.222.626.832.640.441.648.457.566.374.779.186.790.183.485.791.895.6
6.86.57.28.09.1
10.411.114.415.918.620.324.429.037.540.643.954.661.167.577.380.588.787.983.986.5
82.585.183.085.0
85.886.787.286.5
5.66.86.46.47.17.78.28.79.6
10.411.913.514.014.015.719.621.725.228.433.540.650.767.782.290.6
108.6117.1
6.26.86.26.87.38.08.49.29.8
11.312.714.113.814.418.020.723.126.829.135.242.453.473.284.996.7
79.782.388.689.1
88.491.8
101.0105.7
2.52.43.34.14.04.14.34.85.24.14.75.57.06.59.27.66.06.26.99.79.9
10.412.513.220.328.118.8
2.12.64.04.23.94.54.65.54.74.55.26.56.37.97.85.56.95.88.29.59.2
11.512.415.822.8
13.412.714.222.8
18.618.222.331.9
- 5 . 83.4
- 3 . 1-2 .2-1 .7- 1 . 5
1.4.0
- 8 . 9-12 .3
5.2- . 7
-20 .5-19.2-14.9
-6 .6-45.4-55.8-45.3-36.1-14.8-50.7-57.8
-112.2-185.7-184.2-168.6
- 1 . 13.0
- 3 . 9-4 .2
- 3 . 3.5
- 1 . 8-13.2- 6 . 0
8.4-12.4-22.0-16.8
-5 .6-11 .5-69 .3-53.1-45.9-29 .5-16.1-61.2-62.2
-147.1-182.9
-108.5-113.2-158.3-208.2
-183.3-166.1-187.3
1 Includes an item for the difference between wage accruals and disbursements, not shown separately.2 Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning with fiscal
year 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), thefiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 19/6 is a separatefiscal period known as the transition quarter.
3 Estimates.Sources: Department of Commerce (Bureau of Economic Analysis) and Office of Management and Budget.
309
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-77.—State and local government receipts and expenditures, national income and product accounts,
1946-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Calendar yearor quarter
1946194719481949
1950195119521953 .1954
19551956..19571958..1959
19601961..196219631964
1965.1966.19671968..1969
19701971.197219731974
19751976.1977.19781979
198019811982..1983 P
1981:1...||IIIIV
1982:IIIIII.IV
1983:1||IIIIV P
Receipts
Total
13.015 417.719.5
21.323 425.427 429.0
31.735 038.542.046.4
49.954.058.563.269.5
75184 893.6
107.3120.2
135.4153 0178.3195.0211.4
237.7267.8297 7327.6352.0
386.1418.1439.1483.3
4113415.9421.6423.4
425 9436.8442 8450.7
461.7478 7492.7
Personaltax andnontax
receipts
1.5172.12.4
2.5283.0323.5
3.94 55.05.46.1
6.77.48.28.8
10.0
10 912 814.617.520.6
23.226 432.836.039.0
43.149.656 363.870.4
78.888.797.4
110.5
85 087.490.392.3
93 795.699 3
101.2
104.1108 4113.31164
Corpo-rate
profitstax
accruals
0.56.7.6
.89.88.8
1.0101.01.01.2
1.21.31.51.71.8
20222.53.13.4
3.54 15.05.86.5
7.19.3
11111.913.4
14.515.312.716.4
16 714.915.514.2
12 713.113 011.9
12.916 218.4
Indirectbusinesstax andnontax
accruals
9.310 712.213.3
14.615 917.418 819.9
21.623 825.727.229.3
32.034.437.039.442.6
46149 754.060.967.6
75.083 391.599.7
107.4
116.2128.3140 7150.0160.2
174.4193.5210.0232.0
187 3190.9196.6199.3
203 0208.3212 0216.6
222.0229 9235.6240.4
Contribu-tions for
socialinsurance
0.67.8.9
1.1141.6172.0
2.1232.62.83.1
3.43.73.94.24.7
50576.77.28.3
9.210 211.513.014.6
16.819.522 124.727.4
29.732.635.137.9
31732.332.833.4
34 034.735 436.1
36.937 538.238.9
Federalgrants-in-
aid
1.11.72.02.2
2.3252.6282.9
3.13.34.25.66.8
6.57.28.09.1
10.4
11114 415.918.620.3
24.429 037.540.643.9
54.661.167 577.380.5
88.787.983.986.5
90 590.486.484.2
82 585.183.085.0
85.886.787.286.5
Expenditures
Total»
11.114.417.620.2
22.523 925.527 330.2
32.935 939.844.346.9
49.854.458.062.868.5
75184 394.7
107.2118.7
133.5150 4164.8181.6204.6
232.2251.2269 7297.3321.5
355.5382.7407.8432.3
376 0379.2384.3391.4
397 2404.84114417.8
421.3427 0437.1443.5
Pur-chases
ofgoodsand
services
9.912.815.318.0
19.821823.225 027.8
30.633 537.141.143.7
46.550.854.359.064.6
71179 889.3
101.0111.2
124.4138 7151.4168.5193.1
217.2232.9250 4278.3306.0
340.8366.5390.5415.0
360 5363.2367.9374.3
380 0387.5394 0400.5
404.0409 7420.2426.1
Trans-ferpay-
mentsto
per-sons
1.72.33.03.0
3.63 13.3353.6
3.8394.34.85.1
5.45.86.06.46.9
738 19.4
10.512.2
14.717 319.320.720.9
24.627.629 732.835.0
39.743.345.649.3
42 543.243.744.0
44 445.046.047.1
48.349.049.450.5
Netinterest
paidlessdivi-
dendsreceived
0.2.1.1.1
.10.00.1
.1
.1
.1
.1
.1
.1
.1
.1
.11
_ 37
- . 9- 1 . 1
14
- 2 . 0- 1 7-1 .9- 3 . 3
50
- 5 . 1- 4 . 5
53-7 .9
-13.8
-18.9-21.1-22 .1-25.5
-21.0213
-21.3-21.0
- 2 1 0-21.4-22.3-23.6
-24.6-25.2-25.8-26.4
Subsi-diesiess
currentsurplus
ofgovern-
mententer-prises
07- .8
8- . 9
- . 9- 1 0- 1 . 1-1 .2- 1 . 3
1 5-1 .6-1 .7- 1 . 7- 2 . 0
-2 .2- 2 . 3- 2 . 5- 2 . 8- 2 . 8
-3 .0- 3 . 0- 3 . 1-3 .2- 3 . 3
-3 .6-3 .7- 4 . 2- 4 . 3- 4 . 4
- 4 . 5-4 .8- 5 1- 5 . 7-5 .9
- 6 . 1-6 .0- 6 . 3- 6 . 5
-6 .0-5 .9-5 .9-6 .0
-6 .2- 6 . 3- 6 . 3-6 .2
- 6 . 3- 6 . 4- 6 . 5- 6 . 7
Surplusor
deficit(-),
nationalincome
andproduct
accounts
1.91.0.1
- . 7
-1 .2_ 4- . 0
.1- 1 . 1
1 3- .914
- 2 . 4- . 4
.1- . 4
.5
.51.0
- . 0.5
- 1 . 1.1
1.5
1.92.6
13.513.46.8
5.516.628.030.330.4
30.635.331.351.0
35.336.737.332.0
28.832.031.332.9
40.451.755.5
1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.
310
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TABLE B-78.—State and local government revenues and expenditures, selected fiscal years, 1927-82
[Millions of dollars]
Fiscal year1
General revenues by source2
TotalProperty
taxes
Salesand
grossre-
ceiptstaxes
Individu-al
incometaxes
Corpo-ration
netincometaxes
Revenuefrom
FederalGovern-
ment
Allother3
General expenditures by function2
Total Education High-ways
Publicwelfare
Allother4
1927
1932193419361938
19401942194419461948
1950195219531954
19551956195719581959
1960196119621963
1962-63..1963-64..1964-65..
1965-66..1966-67..1967-68..1968-69..1969-70..
1970-71..1971-72...1972-73..1973-74..1974-75..
1975-76..1976-77..1977-78..1978-79..1979-80..
1980-81..1981-82..
7,271
7,2677,6788,3959,228
9,60910,41810,90812,35617,250
20,91125,18127,30729,012
31,07334,66738,16441,21945,306
50,50554,03758,25262,890
62,26968,44374,000
83,03691,197101,264114,550130,756
144,927167,541190,214207,670228,171
256,176285,157315,960343,278382,322
423,404456,182
4,730
4,4874,0764,0934,440
4,4304,5374,6044,9866,126
7,3498,6529,3759,967
10,73511,74912,86414,04714,983
16,40518,00219,05420,089
19,83321,24122,583
24,67026,04727,74730,67334,054
37,85242,87745,28347,70551,491
57,00162,52766,42264,94468,499
74,96981,918
470
7521,0081,4841,794
1,9822,3512,2892,9864,442
5,1546,3576,9277,276
7,6438,6919,4679,82910,437
11,84912,46313,49414,456
14,44615,76217,118
19,08520,53022,91126,51930,322
33,23337,51842,04746,09849,815
54,54760,64167,59674,24779,927
85,97193,636
153218
224276342422543
788998
1,0651,127
1,2371,5381,7541,7591,994
2,4632,6133,0373,269
3,2673,7914,090
4,7605,8257,3088,90810,812
11,90015,22717,99419,49121,454
24,57529,24633,17636,93242,080
46,42650,785
92
7949113165
156272451447592
593846817778
744890984
1,0181,001
1,1801,2661,3081,505
1,5051,6951,929
2,0382,2272,5183,1803,738
3,4244,4165,4256,0156,642
7,2739,17410,73812,12813,321
14,14315,033
116
2321,016948800
945858954855
1,861
2,4862,5662,8702,966
3,1313,3353,8434,8656,377
6,9747,1317,8718,722
8,66310,00211,029
13,21415,37017,18119,15321,857
26,14631,34239,25641,82047,034
55,58962,44469,59275,16483,029
90,29486,945
1,793
1,6431,4491,6041,811
1,8722,1232,2692,6613,685
4,5415,7636,2526,897
7,5848,4659,2529,69910,516
11,63412,56313,48914,850
14,55615,95117,250
19,26921,19723,59826,11829,971
32,37436,16240,21046,54151,735
57,19161,12468,43679,86495,466111,599127,864
7,210
7,7657,1817,6448,757
9,2299,1908,86311,02817,684
22,78726,09827,91030,701
33,72436,71140,37544,85148,887
51,87656,20160,20664,816
63,97769,30274,678
82,84393,350102,411116,728131,332
150,674168,550181,357198,959230,721
256,731274,215296,983327,517369,086
407,449435,323
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
59,41365,81469,71475,83387,858
97,216102,780110,758119,448133,211
145,784154,573
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
18,09519,02118,61519,94622,528
23,90723,05824,60928,44033,311
34,60334,545
151
444889827
1,069
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
6,7578,2189,857
12,11014,679
18,22621,11723,58225,08528,155
32,60435,90639,14041,89847,288
54,12158,050
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
23,67825,58627,579
30,02933,28136,91541,96347,508
54,94062,59769,44678,09692,180
103,004112,472122,476137,731155,277
172,941188,155
1 Fiscal years not the same for all governments. See Note.2 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.4 Includes expenditures for hospitals, health, social insurance administration, veterans' services, air transportation, water transport
and terminals, parking facilities, police protection, fire protection, correction, protective inspection and regulation, sewerage, naturalresources, parks and recreation, housing and urban renewal, sanitation other than sewerage, general control, financial administration,general public buildings, interest on general debt and unallocable items.
Note.—Data for fiscal years listed from 1962-63 to 1981-82 are the aggregations of data for government fiscal years which endedin the 12-month period from July 1 to June 30 of those years. Data for 1963 and earlier years include data for government fiscal yearsending during that particular calendar year.
Data are not available for intervening years.
Source: Department of Commerce, Bureau of the Census.
311
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TABLE B-79.—Interest-bearing public debt securities by kind of obligation, 1967-83
[Millions of dollars]
End of yearor month
Totalinterest-bearingpublicdebt
securities
Marketable
Total Treasurybills
Treasurynotes
Treasurybonds*
Nonmarketabfe
TotalU.S.
savingsbonds
Foreigngovern-
mentand
publicseries3
Govern-ment
accountseries
Other3
Fiscal year:196719681969
19701971197219731974
19751976197719781979
1980198119821983
1982:JanFebMar
May"!;."!!!!!;;;!;June
JulyAugSeptOctNovDec
1983:JanFebMarAprMayJune
JulyAugSeptOctNovDec
322,286344,401351,729
369,026396,289425,360456,353473,238
532,122619,254697,629766,971819,007
906,402996,495
1,140,8831,375,751
1,032,6781,042,1981,059,8151,064,5381,066,4101,078,431
1,083,2961,108,1311,140,8831,136,8261,160,4891,195,496
1,199,5991,213,7421,242,9931,242,0671,289,8971,318,111
1,320,6711,346,9151,375,7511,383,2651,387,8601,400,906
4 210,672226,592226,107
232,599245,473257,202262,971266,575
315,606392,581443,508.485,155506,693
594,506683,209824,422
1,024,000
726,542737,532752,620755,833755,688763,995
774,077801,427824,422824,662852,463881,476
888,659907,652937,751935,478957,347978,929
985,7091,010,3711,024,0001,035,3301,044,3131,050,892
58,53564,44068,356
76,15486,67794,648
100,061105,019
128,569161,198156,091160,936161,378
199,832223,388277,900340,733
250,562254,037256,212254,880256,114256,007
262,009273,066277,900283,923293,531311,820
308,099314,882331,884325,939325,213334,299
337,581340,413340,733339,969335,310343,815
49,10871,07378,946
93,489104,807113,419117,840128,419
150,257191,758241,692267,865274,242
310,903363,643442,890557,525
374,357382,070395,042399,700398,408406,925
411,070427,426442,890438,068454,229465,030
472,986481,300494,431494,904513,626527,142
527,183544,158557,525566,159575,252573,376
97,41891,07978,805
62,95653,98949,13545,07133,137
36,77939,62645,72456,35571,073
83,77296,178
103,631125,742
101,623101,426101,366101,253101,166101,063
100,998100,935103,631102,672104,702104,627
107,574111,471111,436114,635118,508117,488
120,946125,800125,742129,202133,751133,701
111,614117,808125,623
136,426150,816168,158193,382206,663
216,516226,673254,121281,816312,314
311,896313,286316,461351,751
306,136304,666307,195308,705310,722314,436
309,218306,704316,461312,164308,026314,020
310,940306,090305,243306,589332,550339,182
334,961336,544351,751347,935343,547350,015
51,21351,71251,711
51,28153,00355,92159,41861,921
65,48269,73375,41179,79880,440
72,72768,01767,27470,024
67,58167,37867,16367,03467,08267,122
67,13267,14867,27467,51467,80167,719
67,81468,04268,24168,53368;91969,140
69,46669,74770,02470,35170,61970,466
1,5143,7414,070
4,7559,270
18,98528,52425,011
23,21621,50021,79921,68028,115
25,15820,49914,64111,450
18,92018,38419,64119,44618,39517,457
16,64315,60614,64114,62714,86314,691
14,01812,68512,39211,96311,14411,405
11,19311,05211,45011,50010,51210,448
56,15559,52666,790
76,32382,78489,598
101,738115,442
124,173130,557140,113153,271176,360
189,848201,052210,462234,684
196,393195,722196,707198,538201,290205,954
201,502199,896210,462205,717199,903205,427
203,031199,125196,970197,593222,446225,041
220,607221,357234,684230,324226,214231,887
2,7312,8283,051
4,0685,7593,6543,7014,289
3,6444,883
16,79727,06727,400
24,16423,71824,08535,593
23,24323,18223,68423,68723,95523,902
23,94124,05424,08524,30525,45926,183
26,07726,23927,64028,50030,04133,596
33,69634,38935,59335,76036,20237,214
1 Includes Treasury bonds and minor amounts of Panama Canal and postal savings bonds.2 Nonmarketable certificates of indebtedness, notes, bonds, and bills in the Treasury foreign series of dollar-denominated and foreign-
currency denominated issues.3 Includes depository bonds, retirement plan bonds, Rural Electrification Administration bonds, State and local bonds, and special
issues held only by U.S. Government agencies and trust funds and the Federal home loan banks.4 Includes $5,610 million in certificates not shown separately.
Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscalyear is on an October 1-September 30 basis.
Source-. Department of the Treasury.
312
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TABLE B-80.—Maturity distribution and average length of marketable interest-bearing public debt securitiesheld by private investors, 1967-83
End of year or month
Amountout-
standing,privately
held
Maturity class
Withinlyear
I t o 5years
5 to 10years
10 to 20years
20 yearsand over
Average length
Millions of dollars Years
Fiscal year:196719681969.
19701971197219731974
19751976197719781979
1980198119821983
1982:JanFebMarAprMayJune
JulyAugSeptOctNovDec
1983:JanFebMarAprMayJune
JulyAugSeptOctNovDec
150,321159,671156,008
157,910161,863165,978167,869164,862
210,382279,782326,674356,501380,530
463,717549,863682,043862,631
590,139604,671619,030613,576618,699628,997
634,556660,583682,043685,969708,769736,148
750,274766,075795,087789,629810,150831,309
835,893857,935862,631883,287888,932893,991
56,56166,74669,311
76,44374,80379,50984,04187,150
115,677151,723161,329163,819181,883
220,084256,187314,436379,579
284,171290,697295,476289,000290,476293,266
295,118309,446314,436321,081327,565346,321
348,444351,150367,383360,536363,465373,669
375,845380,424379,579384,406383,761394,088
53,58452,29550,182
57,03558,55757,15754,13950,103
65,85289,151113,319132,993127,574
156,244182,237221,783294,955
183,843194,457200,544199,278203,612207,106
206,380217,258221,783218,673235,443239,263
245,990256,133262,985259,420276,825282,444
279,730294,000294,955303,810309,516298,262
21,05721,85018,078
8,28614,50316,03316,38514,197
15,38524,16933,06733,50032,279
38,80948,74375,74999,174
54,37049,12052,61255,3295436158,425
63,02266,34775,74975,94472,64477,569
79,75881,07787,01388,95885,31490,979
92,42093,97499,174101,94199,893106,043
6,1536,1106,097
7,8766,3576,3588,7419,930
8,8578,0878,42811,38318,489
25,90132,56933,01740,826
34,06935,81935,82235,56535,70135,651
35,58333,09733,01733,06535,75035,677
35,70836,84636,83736,79739,97539,949
39,85041,08640,82641,07343,08243,058
12,96812,67012,337
8,2727,6456,9224,5643,481
4,6116,65210,53114,80520,304
22,67930,12737,05848,097
33,68634,57834,57634,40434,54934,549
34,45334,43537,05837,20637,36737,318
40,37440,86940,86943,91844,57144,268
48,04848,45148,09752,05752,68052,540
Months
544
33332
22233
3434
444444
433333
443344
444444
152
8631
11
87
1137
90
111
010010
01111101110
00
101110
011133
Note.—All issues classified to final maturity.Through fiscal year 1976, the fiscal year was on a July 1—June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year
is on an October 1—September 30 basis.Source: Department of the Treasury.
313
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-81.—Estimated ownership of public debt securities, 1976-83
[Par values; * billions of dollars]
End of month
1976:JuneDec
1977:JuneDec
1978:JuneDec
1979:JuneDec
1980:JuneDec
1981:MarJuneSeptDec
1982:MarJuneSeptDec
1983:MarJuneSept
Totalpublicdebt
securi-ties
620.4653.5
674.4718.9
749.0789.2
804.9845.1
877.6930.2
964.5971.2997.9
1,028.7
1,061.31,079.61,142.01,197.1
1,244.51,319.61,377.2
Held byGovern-
mentaccounts
149.6147.1
151.2154.8
161.1170.0
178.5187.1
194.9192.5
190.9199.9208.1203.3
202.5211.7216.4209.4
201.2229.3239.0
Held
FederalReserveBanks
94.497.0
102.2102.8
110.1110.6
109.7117.5
124.5121.3
119.0120.0124.3131.0
125.6127.0134.4139.3
136.7141.7155.4
Held by private investors
Total
376.4409.5
421.0461.3
477.8508.6
516.6540.5
558.2616.4
654.6651.2665.4694.5
733.3740.9791.2848.4
906.6948.6982.7
Com-mercialbanks^
91.4103.5
102.798.9
97.895.0
86.188.1
97.4112.1
117.0119.7112.7111.4
116.1116.1117.8131.4
153.2171.6176.3
Nonbank investors
Total
285.0306.0
318.3362.4
380.0413.6
430.5452.4
460.8504.3
537.6531.5552.7583.1
617.2624.8673.4717.0
753.4777.0806.4
Individuals 3
Total
96.1101.6
104.9107.8
109.0114.0
115.5118.0
116.5117.1
105.2107.4109.7110.8
112.5114.1115.6116.5
116.7121.3
"128.5
Sav-
bonds4
69.672.0
74.476.7
79.180.7
80.679.9
73.472.5
70.469.268.368.1
67.567.467.668.3
68.869.7
"70.6
Othersecur-rities
26.529.6
30.531.1
29.933.3
34.938.1
43.144.6
34.838.241.442.7
45.046.748.048.2
47.951.6
"57.9
Insur-ancecom-
panies
14.416.2
18.119.9
19.720.0
20.921.4
22.324.0
25.626.427.629.0
32.132.534.839.1
"42.4"44.8
Moneymar-ket
funds
0.81.1
.8
.9
1.31.5
3.85.6
5.33.5
14.59.0
11.421.5
25.722.438.642.6
44.828.324.0
Corpora-tions5
23.323.5
22.118.2
17.317.3
18.617.0
14.019.3
17.019.918.017.9
16.917.621.624.5
27.232.8
"35.5
Stateandlocal
govern-ments6
33.339.2
45.850.9
58.162.8
68.971.8
75.984.4
88.593.3
"95.7"99.5
"102.9'107.3"112.1'113.4
Foreignand
interna-tional7
69.878.1
87.9109.6
119.5137.8
119.7123.7
122.8134.3
142.9141.4135.5141.4
140.8141.9141.6149.4
156.1160.0
"160.8
Otherinves-tors8
47.246.3
38.755.1
55.160.2
83.194.9
104.0121.7
143.9134.1
"154.8"163.0
"186.3"189.0"209.1"231.5
1 U.S. savings bonds, series A-F and J, are included at current redemption value.2 Includes domestically chartered banks, U.S. branches and agencies of foreign banks, New York investment companies majority owned by foreign banks,
and Edge Act corporations owned by domestically chartered and foreign banks.3 Includes partnerships and personal trust accounts.4 Includes U.S. savings notes. Sales began May 1, 1967, and were discontinued June 3 0 , 1 9 7 0 .5 Exclusive of banks and insurance companies.6 Includes State and local pension funds.7 Consists of the investment of foreign balances and international accounts in the United States.8 Includes savings and loan associations, credit unions, nonprofit institutions, mutual savings banks, corporate pension trust funds, dealers and brokers,
certain Government deposit accounts, and Government-sponsored agencies.Source: Department of the Treasury.
314
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CORPORATE PROFITS AND FINANCE
TABLE B-82.—Corporate profits with inventory valuation and capital consumption adjustments, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
192919331939
19401941194219431944
19451946194719481949
19501951195219531954
19551956195719581959
I9601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983"
1981:1IIIllIV
1982:1IIIIIIV . ..
1983:
IIIll
Corporateprofits withinventoryvaluation
and capitalconsumptionadjustments
9.01753
8614.119.323 523.6
19 016.622.329 427.1
33.938 736.136.335.2
45.543.743.338.549.6
47.648.656.662.169.2
80.085182.489185.1
71.483 296 6
108.394.9
110.51381167.3192.4194.8
175.4192.3164.8226.3
194.7185.0197.6192.0
162.0166.8168.5161.9
181.8218.2248.4
Corporateprofits tax
liability
1.45
1.4
2.87.6
11.414.112.9
10.79.1
11.312.410.2
17.922 619.420.317.6
22.022.021.419.023.6
22.722.824.026.228.0
30.933 732.539 239.5
34.237 541649.051.6
50.663 872.783.287.6
84.882.859.275.7
91.780.483.775.6
60.361.460.854.0
61.576.084.9
Corporate profits after tax with inventoryvaluation and capital consumption adjustments
Total
7.7- 2 3
3.9
5.86.57.99.5
10.7
8.47.5
11.017.016.9
16.016116.716.017.5
23.421.821.819.526.0
24.925.832.635.941.2
49.151449.950 045.6
37.245 755 059.343.3
59.974 394.6
109.1107.2
90.6109.5105.6150.6
103.1104.6113.8116.5
101.7105.3107.6107.9
120.3142.2163.4
Dividends
5.8203.8
4.04.44.34.44.6
4.65.66.37.07.2
8.8858.58.89.1
10.311.111.511.312.2
12.913.314.415.517.3
19.119 420.222 022.5
22.522.924 427.029.9
30.837 440.847.052.7
58.664.768.773.3
61.363.766.467.3
67.767.868.870.4
71.472.073.7
Undistributedprofits with
inventoryvaluation
and capitalconsumptionadjustments
1.94.3
.1
1.82.13.65.06.1
3.81.94.7
10.09.7
7.27.68.27.28.4
13.110.710.38.2
13.8
12.112.518.220.423.9
30.032.029.727.923.1
14.822.830.532.313.4
29.136.953.762.254.5
32.144.837.077.4
41.840.947.549.2
34.037.538.937.5
48.970.189.7
Source: Department of Commerce, Bureau of Economic Analysis.
315Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-83.—Corporate profits by industry, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
Corporate profits with inventory valuation adjustment and without capital consumption adjustment
Total
Domestic industries
Total
Financial1
Total
Federal
servebanks
Other
Nonfinancial
TotalManufac-turing2
Trans-portation
andpublic
utilities
Whole-saleand
retailtrade
Other
Restof theworld
19291933193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983"1981:
IIIIllI V
1982:IIIIllIV
1983:IIIIll
10.5-1.26.59.8
15.420.524.524.019.319.625.933.431.137.943.340.640.238.447.546.946.641.652.349.750.055.159.766.076.080.978.184.980.868.982.094.0105.696.7120.6151.6178.5205.1209.6191.7203.3165.9195.5
207.1196.4208.3201.5
167.7170.3168.3157.2
168.0192.7210.8
10.2-1.26.19.615.020.124.123.518.918.924.932.229.936.741.538.738.436.445.144.143.539.149.646.746.851.555.861.871.576.773.779.774.662.474.985.392.080.4
107.6137.4163.4185.4179.0161.9179.7144.1173.5
182.5175.0186.5174.7
147.0148.5147.6133.1
147.8172.2187.4
1.3.3.8
1.01.11.21.31.61.72.11.72.63.13.13.64.04.54.64.85.05.25.76.87.27.07.36.86.97.58.59.0
10.411.112.114.115.315.915.011.817.123.131.030.326.920.320.931.4
23.920.418.818.1
15.520.422.225.5
29.833.831.9
0.0.0.0.0.0.0.0.1.1.1.1.2.2.2.3.4.4.3.3.5.6.6.7
1.0.8.9
1.01.11.41.72.02.53.13.63.33.44.55.75.76.06.27.79.6
11.914.515.414.9
13.314.115.215.6
15.315.915.714.9
14.414.615.2
1.3.3.8.9
1.01.21.31.61.62.01.62.32.93.03.33.74.14.34.54.54.65.16.06.26.36.45.85.86.26.87.07.98.08.6
10.711.911.49.36.2
11.116.923.320.715.05.85.5
16.5
10.66.43.72.5
.34.66.5
10.6
15.419.216.8
8.9- 1 . 5
5.38.6
14.018.922.821.917.316.823.229.626.833.537.934.733.931.840.339.138.333.542.939.539.844.249.054.964.068.264.869.363.550.260.870.076.065.495.8
120.3140.3154.4148.6134.9159.4123.2142.1
158.6154.6167.7156.5
131.5128.1125.4107.6
118.0138.4155.5
5.2- . 43.35.59.5
11.813.813.29.79.0
13.617.616.220.924.621.722.019.926.024.724.019.426.423.623.326.029.332.339.341.938.541.236.626.634.140.745.539.052.669.278.386.985.672.986.759.069.4
88.588.093.376.9
60.961.465.548.3
53.768.178.2
1.8.0
1.01.32.03.44.43.92.71.82.23.03.04.04.64.95.04.75.65.95.85.97.07.47.88.49.3
10.011.011.810.710.810.38.28.59.08.76.1
10.014.517.820.615.917.118.717.520.6
20.115.719.119.8
18.019.817.314.9
17.420.422.5
1.0- . 5
.71.21.42.23.03.23.33.84.65.54.55.05.04.83.83.85.04.54.44.65.94.95.05.85.97.58.18.29.1
10.410.59.5
11.713.413.912.521.322.426.626.927.123.632.827.634.2
29.031.333.337.8
30.227.425.227.5
27.833.936.7
0.9- . 7
.3
.61.11.51.61.61.52.12.93.63.13.63.73.33.13.43.64.14.03.63.63.63.73.94.45.15.66.36.56.96.15.96.56.98.07.9
11.914.217.620.020.121.321.119.117.8
21.019.721.922.0
22.419.517.416.9
19.216.018.1
0.2.0.3.3.4.4.4.4.3.7
1.01.31.11.31.71.91.82.02.42.83.12.52.73.03.23.63.94.24.54.24.45.26.16.57.18.6
13.716.313.014.315.119.730.629.923.721.822.0
24.621.421.826.9
20.721.720.724.1
20.220.523.4
1 Consists of the following industries: Banking; credit agencies other than banks; security and commodity brokers, dealers, andservices; insurance carriers; regulated investment companies; small business investment companies; and real estate investment trusts.
2 See Table B-84 for industry detail.
Note.—The industry classification is on a company basis and is based on the 1972 Standard Industrial Classification (SIC) beginning1948, and on the 1942 SIC prior to 1948.
Source: Department of Commerce, Bureau of Economic Analysis.
316
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-84.—Corporate profits of manufacturing industries, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
Corporate profits with inventory valuation adjustment and without capital consumption adjustment
Totalmanufac-
turing
Durable goods
Total
Pri-marymetalindus-tries
Fabri-catedmetalprod-ucts
Machin-ery,
exceptelectri-
cal
Electricandelec-tronicequip-ment
Motorvehicles
andequip-ment
Other
Nondurable goods
Total
Foodand
kindredprod-ucts
Chemi-calsand
alliedprod-ucts
Petro-leumandcoalprod-ucts
Other
192919331939
1940194119421943194419451946194719481949
5.2- . 43.3
5.59.5
2.6- . 41.7
3.1 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
12.011.912.013.114.416.318.117.619.117.7
16.517.818.321.225.833.638.840.242.648.4
52.558.049.251.6
57.953.165.655.6
50.546.952.647.1
43.649.956.9
11.813.813.29.7
1950195119521953195419551956....1957....1958....1959....
1960196119621963196419651966196719681969
1970....1971....1972....1973....1974....1975....1976....1977....1978....1979....
1980198119821983 f.
1981:I
1982:III....
1983:III
9.013.617.616.2
20.924.621.722.019.926.024.724.019.426.4
23.623.326.029.332.339.341.938.541.236.6
26.634.140.745.539.052.669.278.386.985.6
72.986.759.069.4
88.588.093.376.9
60.961.465.548.3
53.768.178.2
7.44.52.45.87.58.1
12.013.211.711.910.514.312.813.39.3
13.7
11.611.414.016.317.923.023.820.922.218.9
10.216.322.424.313.218.930.438.144.337.1
20.428.6
9.817.8
30.734.827.721.3
10.414.512.91.2
10.018.321.3
1.61.5
2.33.11.92.51.72.93.03.01.92.3
2.01.61.62.02.53.13.62.71.91.4
.71.62.25.42.92.11.13.53.5
2.73.8
- 5 . 4- . 9
- 1 . 6- 1 . 1
- . 6
1.01.11.31.42.02.42.42.32.0
1.11.52.12.51.63.03.84.44.95.2
4.24.63.23.6
4.03.43.12.1
1.21.3
1.62.32.31.91.71.72.12.01.42.1
1.81.92.32.53.33.94.54.14.13.7
2.92.94.34.62.94.76.38.89.48.9
7.49.74.82.1
8.99.79.8
10.2
1.21.31.51.41.21.11.21.51.31.7
1.31.31.51.61.72.73.02.92.82.3
1.21.92.83.0
.42.13.45.66.55.1
5.26.44.33.1
1.42.1
3.12.42.42.62.14.12.22.6
.93.0
3.02.54.04.94.76.25.13.95.54.7
1.25.05.95.7
.11.97.29.48.94.7
- 3 . 8- . 6
.46.9
-2.03.0
-2.2-1.3
- 3 . 83.43.3
-1 .2
3.05.6
10.2
1.81.7
2.62.82.62.62.93.53.23.12.93.5
2.73.13.54.04.45.15.24.95.74.9
2.94.35.76.22.94.37.68.8
11.09.8
4.74.92.53.0
1.91.6
1.61.41.71.81.62.21.81.82.12.4
2.22.32.32.72.72.83.23.23.23.0
3.23.52.92.42.88.66.96.86.05.7
6.08.97.36.7
10.08.39.18.3
6.77.38.07.2
6.96.96.3
1.71.8
2.32.82.32.22.23.02.82.82.53.5
3.13.23.23.64.04.64.94.35.24.5
3.94.45.26.05.66.58.37.98.37.1
6.07.24.96.0
2.81.9
2.32.72.32.82.73.03.32.62.12.5
2.52.22.22.12.42.93.23.93.73.2
3.53.53.05.0
10.59.6
12.611.613.820.7
28.227.824.821.2
25.123.736.326.0
27.221.926.823.5
15.920.024.7
3.72.8
2.74.43.63.32.93.64.13.63.34.3
4.24.14.34.65.36.06.86.37.06.9
5.96.47.27.86.88.9
11.013.814.514.8
12.314.112.217.7
14.514.513.314.1
10.411.913.213.4
16.017.419.1
Note.—The industry classification is on a company basis and is based on the 1972 Standard Industrial Classification (SIC) beginning1948, and on the 1942 SIC prior to 1948.
Source: Department of Commerce, Bureau of Economic Analysis.
4 2 4 - 4 5 6 0 - 8 4 - 2 1317
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-85.—Sales, profits, and stockholders' equity, all manufacturing corporations, 1950-83
[Billions of dollars]
Year orquarter
All manufacturing corporations
Sales(net)
Profits
Beforeincometaxes1
Afterincometaxes
Stock-holders'equity2
Durable goods industries
Sales(net)
Profits
Beforeincometaxes1
Afterincometaxes
Stock-holders'equity2
Nondurable goods industries
Sales(net)
Profits
Beforeincometaxes1
Afterincometaxes
Stock-holders'equity2
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
1970197119721973
1973: IV
New series:
1973: IV
1974
19751976197719781979
198019811982
1980:
IIIIllIV
1981:III
Ill
IV
1982:IIIIllIV
1983:
I
181.9245.0250.2265.9248.5
278.4307.3320.0305.3338.0
345.7356.4389.4412.7443.1
492.2554.2575.4631.9694.6
708.8751.1849.5
1,017.2
275.1
236.6
1,060.6
1,065.21,203.21,328.11,496.41,741.8
1,912.82,144.72,039.4
465.7466.3464.2516.6
520.8549.6539.9534.4
502.9521.9508.0506.6
493.4529.4537.2
23.227.422.924.420.9
28.629.828.222.729.7
27.527.531.934.939.6
46.551.847.855.458.1
48.152.963.281.4
21.4
20.6
92.1
79.9104.9115.1132.5154.2
145.8158.6108.2
39.535.933.237.2
39.045.640.034.0
29.030.927.820.5
24.434.736.3
12.911.910.711.311.2
15.116.215.412.716.3
15.215.317.719.523.2
27.530.929.032.133.2
28.631.036.548.1
13.0
13.2
58.7
49.164.570.481.198.7
92.6101.370.9
24.822.421.024.4
24.428.925.222.9
19.020.017.814.1
15.722.223.3
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
306.8320.8343.4374.1
386.4
368.0
395.0
423.4462.7496.7540.5600.5
668.1743.4770.2
643.9658.1670.5699.7
718.4739.4753.5762.3
757.5765.0775.2783.0
787.0802.3819.3
116.8122.0137.9122.8
142.1159.5166.0148.6169.4
173.9175.2195.3209.0226.3
257.0291.7300.6335.5366.5
363.1381.8435.8527.3
140.1
122.7
529.0
521.1589.6657.3760.7865.7
889.1979.5913.1
219.8218.7212.6238.0
234.1257.2245.1243.0
225.3239.4224.4224.0
222.8245.8246.1
12.915.412.914.011.4
16.516.515.811.415.8
14.013.616.818.521.2
26.229.225.730.631.5
23.026.533.643.6
10.8
10.1
41.1
35.350.757.969.672.4
57.467.234.7
15.813.511.916.2
16.720.716.413.4
10.712.68.52.9
7.913.512.9
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
12.914.518.424.8
6.3
6.2
24.7
21.430.834.841.845.2
35.641.621.7
9.78.27.2
10.4
10.112.710.38.5
6.88.15.31.5
39.947.249.852.454.9
58.865.270.572.877.9
82.384.989.193.398.5
105.4115.2125.0135.6147.6
155.1160.4171.4188.7
194.7
185.8
196.0
208.1224.3239.9262.6292.5
317.7350.4355.5
308.0312.6317.2332.8
339.4349.7354.2358.3
351.2354.5358.3358.1
359.9368.3376.5
95.1128.1128.0128.0125.7
136.3147.8154.1156.7168.5
171.8181.2194.1203.6216.8
235.2262.4274.8296.4328.1
345.7369.3413.7489.9
135.0
113.9
531.6
544.1613.7670.8735.7876.1
1,023.71,165.21,126.4
245.9247.6251.6278.6
286.7292.4294.8291.3
277.6282.6283.6282.6
270.6283.6291.1
10.312.110.010.49.6
12.113.212.411.313.9
13.513.915.116.418.3
20.322.622.024.826.6
25.226.529.637.8
10.6
10.5
51.0
44.654.357.262.981.8
88.491.373.6
23.722.421.321.0
22.324.923.520.6
18.318.319.417.6
16.621.223.4
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
15.716.518.023.3
6.7
7.0
34.1
27.733.735.539.353.5
56.959.649.3
15.114.213.714.0
14.216.214.914.3
12.311.912.512.6
10.913.715.1
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
151.7160.5172.0185.4
191.7
182.1
199.0
215.3238.4256.8277.9308.0
350.4393.0414.7
335.9345.5353.3366.9
379.1389.7399.4404.0
406.3410.5416.8425.0
427.2434.0442.8
1 In the old series, "income taxes" refers to Federal income taxes only, as State and local income taxes had already been deducted.In the new series, no income taxes have been deducted.
2 Annual data are average equity for the year (using four end-of-quarter figures).
Note.—Data are not necessarily comparable from one period to another due to changes in accounting procedures, industryclassifications, sampling procedures, etc. For explanatory notes concerning compilation of the series, see "Quarterly Financial Report forManufacturing, Mining, and Trade Corporations,' Department of Commerce, Bureau of the Census.
Source: Department of Commerce, Bureau of the Census.
318
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-86.—Relation of profits after taxes to stockholders' equity and to sales, all manufacturing
corporations, 1947-83
Year or quarter
194719481949
19501951195219531954. . .
19551956.195719581959
I960 .1961196219631964
19651966196719681969
1970197119721973
1973: IV
New series:1973- IV
1974
1975197619771978...1979
198019811982
1980:1IIIllIV ....
1981:
||IIIIV
1982:IIIIllIV
1983:|IIIll ..
Ratio of profits after income taxes (annualrate) to stockholders' equity—percent1
Allmanufacturingcorporations
15 616 011.6
15.412.110.310.59.9
12.612.310 98.6
10 4
9.2899.8
10 311.6
13 013.411712.1115
9.397
10.612.8
13.4
14 3
14.9
11613 914.215 016.4
13 913 69.2
15 413.612.514.0
13 615 613.412.0
10110.5927.2
8011.111.4
Durablegoods
industries
14 415 712.1
16.913.011.111.110.3
13.812.81138.0
10.4
8.5819.6
10111.7
13 814.211712.2114
8.390
10.813.1
12.9
13 3
12.6
10 313 714.516 015.4
1121196.1
12 610.69.1
12.6
12 014 611.69.5
779.2591.7
539.28.7
Nondurablegoods
industries
16.616.211.2
14.111.29.79.99.6
11.411.810.69.2
10.4
9.89.69.9
10.411.5
12.212.711.811.911.5
10.310 310.512.6
14.0
15.3
17.1
12 914 213.814 217.4
16.315 211.9
18.016.415.615.2
15 016 614.914.2
12 111.612 011.9
10 312.713.6
Profits after income taxes per dollar ofsales—cents
Allmanufacturingcorporations
6.77.05.8
7.14.94.34.34.5
5.45.34.84.24.8
4.44.34.54.75.2
5.65.65.05.14.8
4.04.14.34.7
4.7
5.6
5.5
4.6545.35.45.7
4.84.73.5
5.34.84.54.7
47534.74.3
3.83.83.52.8
324.24.3
Durablegoods
industries
6.77.16.4
7.75.34.54.24.6
5.75.24.83.94.8
4.03.94.44.55.1
5.75.64.84.94.6
3.53.84.24.7
4.5
5.0
4.7
4.15.25.35.55.2
4.04.22.4
4.43.83.44.4
4.3494.23.5
3.03.42.4
.7
2.13.43.3
Nondurablegoods
industries
6.76.85.4
6.54.54.14.34.4
5.15.34.94.44.9
4.84.74.74.95.4
5.55.65.35.25.0
4.54.54.44.8
5.0
6.1
6.4
5.15.55.35.36.1
5.65.14.4
6.15.75.55.0
5.05.55.14.9
4.44.24.44.5
4.04.85.2
1 Annual ratios based on average equity for the year (using four end-of-quarter figures). Quarterly ratios based on equity at end ofquarter only.
Note.—Based on data in millions of dollars.See Note, Table B-85.Source: Department of Commerce, Bureau of the Census.
319
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-87.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1946-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
Sources
Total
18.727.028.919.9
42.136.429.927.829.6
52.744.943.441.956.3
48.656.360.168.473.9
91.897.694.7
113.5115.5
102.3125.3151.6192.5190.3
157.0211.0254.1317.5345.7
333.2365.8308.6
348.8386.4353.0375.1
302.8329.9327.4274.5
323.4396.3387.7
Internal1
8.112.919.119.5
18.020.221.921.723.9
29.529.531.530.336.0
35.436.542.846.551.8
58.562.663.665.064.4
61.873.585.091.785.6
119.7134.2157.4175.7188.8
189.5230.6240.5
217.3223.5237.2244.7
233.5240.2244.0244.3
250.7270.3291.1
External
Total
10.614.19.7
.4
24.016.28.06.15.7
23.215.411.911.720.2
13.219.817.322.022.1
33.335.031.148.551.1
40.551.866.6
100.7104.7
37.376.896.7
141.8156.9
143.7135.268.1
131.5163.0115.8130.4
69.389.783.430.2
72.7126.096.6
Credit market funds
Total
6.98.46.53.1
8.110.59.55.76.5
10.212.812.310.512.3
12.112.912.812.514.1
18.523.827.827.732.3
35.337.243.456.770.2
30.854.772.480.588.2
90.992.284.1
73.0120.493.182.4
102.889.989.054.6
69.277.180.1
Securi-ties and
mort-gages
3.65.46.74.9
4.26.48.06.06.7
6.47.5
10.410.58.1
7.510.79.48.47.8
7.614.319.115.014.6
26.332.826.420.726.3
38.738.235.832.820.9
52.422.645.2
42.840.2
3.04.4
24.838.639.677.8
64.784.133.3
Loansand
short-termpaper
3.33.0
-.2- 1 . 8
3.94.11.4
- .4- .2
3.75.31.9
- .04.2
4.62.23.44.06.2
11.09.58.7
12.617.7
9.04.4
16.936.043.9
- 7 . 916.536.647.767.3
38.569.738.9
30.280.390.178.0
78.051.349.4
-23.2
4.5- 6 . 946.7
Other2
3.75.83.3
- 2 . 7
15.95.7
- 1 . 5.5
- .8
13.12.5
- .41.27.9
1.26.94.69.58.0
14.811.23.3
20.918.8
5.314.623.244.034.5
6.522.124.361.368.8
52.743.0
-15.9
58.642.622.848.0
-33.4-.2
- 5 . 6-24.4
3.548.816.5
Uses
Total
16.825.625.318.3
40.437.629.228.027.8
49.140.839.138.551.2
41.451.055.560.464.9
82.791.388.5
106.0115.3
98.7122.7149.1191.9190.1
150.9201.8237.6293.6346.7
320.1324.3251.0
348.4343.4301.3304.1
232.1279.3270.5222.0
276.2338.7338.4
Capitalexpendi-tures 3
18.117.320.314.8
24.030.224.625.722.9
32.636.834.927.737.0
37.536.743.244.750.1
61.074.772.275.483.7
80.086.099.0
121.5137.9
109.7148.3175.1201.6219.4
221.2261.6231.2
231.6253.9289.4271.5
242.4242.2240.1200.2
202.4252.9281.5
Increasein
financialassets
- 1 . 48.45.03.5
16.47.44.62.34.9
16.54.04.2
10.814.2
3.914.212.315.714.8
21.816.616.330.631.6
18.736.750.170.552.2
41.253.562.592.0
127.3
98.962.719.7
116.889.511.932.6
-10 .337.130.321.8
73.885.856.9
Discrep-ancy
(sourcesless uses)
194619471948....1949
1950....19511952....1953....1954....
1955....1956....1957....1958....1959
19601961....19621963....1964....
19651966....1967....1968....1969....
1970....1971....1972....19731974
19751976197719781979
198019811982
1981:IIIIllIV
1982IIIIllIV
1983:III
1.91.43.61.6
1.7- 1 . 2
.6- . 11.8
3.54.14.33.45.0
7.25.34.68.09.0
9.16.46.27.5
.2
3.62.62.4
.5
.2
6.09.2
16.523.8
- 1 . 0
13.141.657.7
.543.151.771.1
70.850.556.952.5
47.257.649.3
1 Undistributed profits (after inventory valuation and capital consumption adjustments), capital consumption allowances, and foreignbranch profits, dividends, and subsidiaries' earnings retained abroad.
2 Consists of tax liabilities, trade debt, and direct foreign investment in the United States.3 Plant and equipment, residential structures, inventory investment, and mineral rights from U.S. Government.
Source: Board of Governors of the Federal Reserve System.
320
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-88.—Current assets and liabilities of U.S. corporations, 1940-83
[Billions of dollars, except as noted]
End ofperiod
SEC series:5
19401941194219431944194519461947 .19481949195019511952195319541955195619571958195919601961
SEC series:5
196119621963196419651966196719681969 ..197019711972 .19731974
QFR-FRB series:7
197419751976197719781979198019811982 .
1982:IIIIIIIV
1983:III
Current assets
Total Cash1
U.S.Govern-
mentsecurities2
Notesand
accountsreceiv-
able
Inven-tories
Othercurrentassets
Current liabilities
Total
Notesand
accountspayable
Othercurrentliabil-ities
Networkingcapitaf
Currentratio3
All corporations4
60.372.983.693.897.297.4
108.1123.6133.0133.1161.5179.1186.2190.6194.6224.0237.9244.7255.3277.3289.0306.8
13.113.917.621.621.621.722.825.025.326.528.130.030.831.133.434.634.834.937.436.337.241.1
2.04.0
10.116.420.921.115.314.114.816.819.720.719.921.519.223.519.118.618.822.820.120.0
24.028.027.326.926.525.930.738.342.443.056.861.567.468.573.688.997.7
102.2109.7120.6129.2139.2
19.825.627.327.626.826.337.644.648.945.355.164.965.867.265.372.880.482.281.988.491.895.2
1.51.41.31.31.42.41.71.61.61.41.72.12.42.43.14.25.96.77.59.1
10.611.4
32.840.747.351.651.745.851.961.564.460.779.892.696.198.999.7
121.0130.5133.1136.6153.1160.4171.2
23.226.426.026.326.825.731.637.639.337.548.354.959.359.561.776.183.986.690.4
101.0106.8114.6
9.614.321.325.324.920.120.323.925.023.331.637.836.839.438.045.046.646.546.252.053.656.6
27.532.336.342.145.651.656.262.168.672.481.686.590.191.894.9
103.0107.4111.6118.7124.2128.6135.6
1.8381.7911.7671.8181.8802.1272.0832.0102.0652.1932.0241.9341.9381.9271.9521.8511.8231.8381.8691.8111.8021.792
Nonfinancial corporations6
254.7269.7288.2305.6336.0364.0386.2426.5473.6492.3529.6599.3697.8790.7
735.4759.0827.4912.7
1,043.71,214.81,327.01,419.31,425.4
1,418.01,417.21,441.81,425.4
1,436.51,464.2
34.837.139.840.542.841.945.548.247.950.253.359.066.371.1
73.282.188.297.2
105.5118.0126.9131.8144.0
121.8124.1126.9144.0
139.7145.7
16.516.816.715.814.413.010.311.510.67.7
11.010.612.812.3
11.119.023.518.217.216.718.717.422.4
16.516.518.922.4
25.827.5
97.9103.2110.5119.9134.1146.6155.3173.9197.0206.1221.1248.2288.5322.1
265.8272.1292.9330.3388.0459.0506.8530.3511.0
533.4531.2534.2511.0
517.9534.3
95.0100.5106.8113.1126.6142.8153.1166.0186.4193.3200.4225.7263.9313.6
319.5315.9342.5376.9431.8505.1542.8585.1575.2
591.6587.6596.5575.2
573.2570.5
10.512.114.416.318.119.722.026.931.635.043.855.866.471.7
65.969.980.390.1
101.1116.0131.8154.6172.6
154.7157.9165.3172.6
179.9186.2
123.7132.4145.5156.6178.8199.4211.3244.1287.8304.9326.0375.6450.9530.4
453.4451.6495.1557.1669.5807.3889.3976.3977.8
987.0988.7
1,007.6977.8
986.3997.7
84.488.797.0
104.9121.5137.5147.1168.8199.2211.3220.5282.9340.3402.3
269.8264.2282.1317.6383.0460.8513.6558.8552.8
552.9554.9562.7552.8
543.2551.6
39.343.748.551.757.361.964.275.388.693.6
105.592.7
110.7128.1
183.6187.4213.0239.6286.5346.5375.7417.5425.0
434.0433.8444.9425.0
443.1446.1
131.0137.3142.7149.0157.2164.6174.9182.4185.7187.4203.6223.7246.9260.3
282.0307.4332.4355.5374.3407.5437.8442.9447.6
431.0428.5434.2447.6
450.2466.5
2.0592.0371.9811.9511.8791.8251.8281.7471.6461.6151.6251.5951.5481.491
1.6221.6811.6711.6381.5591.5051.4921.4541,458
1.4371.4331.4311.458
1.4561.468
1 Includes time certificates of deposit.2 Includes Federal agency issues.3 Total current assets divided by total current liabilities.4 Excludes banks, savings and loan associations, and insurance companies.5 Based on data from "Statistics of Income," Department of the Treasury.6 Excludes banks, savings and loan associations, insurance companies, investment companies, finance companies (personal and
commercial), real estate companies, and security and commodity brokers, dealers, and exchanges.7 Based on data from "Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations," Federal Trade Commission. See
"Federal Reserve Bulletin," July 1978, for details regarding the series. Effective mid-1982, responsibility for the Quarterly FinancialReport was transferred to the Department of Commerce, Bureau of the Census.
Note.—SEC series not available after 1974.Sources: Board of Governors of the Federal Reserve System, Federal Trade Commission, Department of Commerce (Bureau of the
Census), and Securities and Exchange Commission.
321
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-89.—State and municipal and business securities offered) 1934-83
[Millions of dollars]
Year or quarter
Stateand
municipalsecurities
offeredfor cash(princi-
palamounts)
Business securities offered for cash 1
Totalofferings
Type of security
Commonstock 2
Preferredstock
Bondsand
notes
Industry of issuer
Manufac-turing3
Electric,gas, andwater4
Transpor-tation5
Communi-cation
Other
19341939
19401941194219431944
19451946194719481949
1950195119521953195419551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
1975197619771978 6
1979
1980198119821983: First three
quarters
1982:IIIIllIV
1983:IIIIll
9391,128
1,238956524435661
7951,1572,3242,6902,907
3,5323,1894,4015,5586,9695,9775,4466,9587,4497,681
7,2308,3608,558
10,10710,54411,14811,08914,28816,37411,460
17,76224,37022,94122,95322,82429,32633,84545,06046,21542,261
47,13346,13477,179
61,427
12,77017,62718,89227,890
17,23927,25716,931
397
2,164
2,6772,6671,0621,1703,2026,0116,9006,5777,0786,052
6,3627,7419,5348,8989,51610,24010,93912,88411,5589,748
10,15413,16510,70512,21113,95714,78217,38524,01421,26125,997
37,45143,22939,70531,68037,82053,63253,31454,22929,94937,248
67,12665,88872,152
81,673
12,78114,62918,42826,314
28,17833,27720,218
19
87
1081103456163397891779614736
8111,2121,3691,3261,2132,1852,3012,5161,3342,027
1,6643,2941,3141,0112,6791,4731,9011,9273,8857,640
7,0379,485
10,7077,6424,0507,4148,3058,0477,7248,816
19,28225,22623,197
34,725
4,3436,0214,5688,265
11,74513,2559,725
6
98
183167112124369758
1,127762492425
631838564489816635636411571531
409450422343412724580881636691
1,3903,6833,3713,3412,2733,4592,8033,9161,7571,964
3,1941,6964,948
6,523
5821,0911,6831,592
3,5451,7171,261
372
1,979
2,3862,389917990
2,6704,8554,8825,0365,9734,890
4,9205,6917,6017,0837,4887,4208,0029,9579,6537,190
8,0819,4208,96910,85610,86512,58514,90421,20616,74017,666
29,02330,06125,62820,70031,49742,75942,20642,26620,46826,468
44,65038,96644,007
40,429
7,8557,51812,17816,456
12,89118,3059,233
67
604
992848539510
1,061
2,0263,7012,7422,2261,414
1,2003,1224,0392,2542,2682,9943,6474,2343,5152,073
2,1524,0773,2493,5143,0465,4147,05611,0696,9586,346
10,64711,6516,3984,83210,51118,65215,49613,7574,4836,643
20,85715,28713,239
19,751
1,7971,3363,7356,371
6,2168,9744,561
1331,271
1,2031,357
472477
1,4222,3192,1583,2572,1872,320
2,6492,4552,6753,0293,7132,4642,5293,9383,8043,258
2,8513,0322,8252,6772,7602,9343,6664,9355,2936,715
11,00911,72111,31410,26912,83615,89314,41813,7049,1389,937
13,74613,24516,408
9,711
3,2423,9324,0595,175
3,6203,9072,184
176
186
32436648161609
1,454711286755800
813494992595778893724824824967
718694567957982
7021,4941,6391,5641,779
1,2531,148860811
1,0053,6374,6493,2181,2511,640
2,3061,8832,093
3,040
366253594880
1,283862895
902571
399612760882720
1,1321,4191,4621,424717
1,0501,8341,3031,1052,189945
2,0031,9751,7752,172
5,2915,8404,8364,8723,9324,4663,5624,4432,9594,482
6,8655,8673,895
5,428
116619
1,1202,040
2,0881,8721,468
21
103
15996421109211329293
1,008946
1,3001,0581,0682,1382,0372,7572,6192,4261,9912,733
3,3833,5272,7613,9574,9804,7873,1674,3965,6718,985
9,25212,86716,29810,8979,63210,98315,19419,11312,12014,547
23,35629,60836,520
43,742
7,2618,4908,921
11,848
14,97017,66211,110
1 Business securities offered include securities offered by corporate and non-corporate business enterprises such as limitedpartnerships. Beginning 1978 excludes private placements.
2 Common stock combines the conventional ownership shares of corporate business and securities issued by non-corporate business,e.g., limited partnership interests, voting trust certificates and condominium securities.
3 Prior to 1948, also includes extractive, radio broadcasting, airline companies, commercial, and miscellaneous company issues.4 Prior to 1948, also includes telephone, street railway, and bus company issues.5 Prior to 1948, includes railroad issues only.6 Beginning 1978, business security offerings exclude private placements.
Note.—Covers substantially all new issues of State, municipal, and business securities offered for cash sale in the United States inamounts over $100,000 and with terms to maturity of more than 1 year; excludes notes issued exclusively to commercial banks,intercorporate transactions, and issues to be sold over an extended period, such as employee-purchase plans. Closed-end investmentcompany issues are included beginning 1973.
Sources: Securities and Exchange Commission, "The Commercial and Financial Chronicle," and "The Bond Buyer."
322
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-90.—Common stock prices and yields, 1949-83
Year or month
1949
19501951...19521953195419551956195719581959
1960196119621963196419651966196719681969
197019711972197319741975..1976197719781979
1980198119821983
1982:JanFebMarAprMayJune
JulyAugSeptOctNovDec
1983:JanFebMarAprMayJune
JulyAugSeptOctNovDec
Common stock prices1
New York Stock Exchange indexes (Dec
Composite
9.02
10.8713.0813 8113 6716 1921 5424 4023 6724 5630 73
30 0135.3733 4937 5143 7647 39461550.7755.3754.67
45.7254 2260.2957 4243.8445.7354.4653.6953 7058.32
68.1074.0268.9392.63
67.9166.1663.8666.9767.0763.10
62.8262 9170.2176.1079.7580.30
83.2584.7487.5090.6194.6196.43
96.7493.9696.7096.7895.3694.92
Industrial
46 1851.9758.0057.44
48.0357 9265.7363.0848.0850.5260.4457.8658 2364.76
78.7085.4478.18
107.45
76.8574.7871.5175.5975.9771.59
71.3770 9880.0886.6790.7692.00
95.3797.26
100.61104.46109.43112.52
113.21109.50112.76112.87110.77110.65
Transpor-tation
50.2653.5150.5846.96
32.1444.3550.1737.7431.8931.1039.5741.0943 5047.34
60.6172.6160.4189.36
62.0459.0955.1957.9156.8453.07
53.4053 9861.3966.6471.9273.40
75.6579.4483.2885.2689.0792.22
92.9188.0694.5695.4197.6898.79
. 31, 1965=50)2
Utility
45.4145.4344.1942.80
37.2439.5338.4837.6929.7931.5036.9740.9239 2238.20
37.3538.9139.7547.00
39.3038.3238.5739.2039.4037.34
37.20381940.3642.6743.4642.93
45.5945.9245.8946.2247.6246.76
46.6146.9448.1648.7348.5047.00
Finance
44.4549.8265.8570.49
60.0070.3878.3570.1249.6747.1452.9455.2556 6561.42
64.2573.5271.9995.34
70.9970.5069.087L4469.1663.19
61.5962 8469.6680.5988.6686.22
85.6686.5793.2299.07
102.45101.22
99.6095.7697.0094.7994.4894.25
DowJones
industrialaverage3
179.48
216.31257.64270.76275 97333 94442 72493 01475.71491.66632.12
618 04691.55639.76714.81834 05910 88873.60879.12906.00876.72
753.19884.76950.71923.88759.37802.49974.92894.63820 23844.40
891.41932.92884.36
1,190.34
853.41833.15812.33844.96846.72804.37
818.41832 11917.27988.71
1,027.761,033.08
1,064.291,087.431,129,581,168.431,212.861,221.47
1,213.931,189.211,237.041,252.201,250.011,257.64
Standard& Poor's
compositeindex
(1941-43=10) 4
15.23
18.4022.3424.5024.7329 6940 4946 6244.3846.2457.38
55 8566.2762.3869.878137881785.2691.9398.7097.84
83.2298 29
109.20107 4382.8586.16
102.0198.2096 02
103.01
118.78128.05119.71160.41
117.28114.50110.84116.31116.35109.70
109.38109 65122.43132.66138.10139.37
144.27146.80151.88157.71164.10166.39
166.96162.42167.16167.65165.23164.36
Common stock yields(percent)5
Dividend-priceratio6
6.59
6.576.135.805.804 954 084 094.353.973.23
3 472.983.373.173 013 003.403.203.073.24
3.833142.843 064.474.313.774.625 285.47
5.265.205.814.40
5.956.066.285.995.976.28
6.316 325.635.124.924.93
4.794.744.594.444.274.26
4.214.354.244.254.314.32
Earnings-priceratio7
15.48
13.9911.829.47
10 268 577 957 557.896 235.78
5 904.625.825 505 325 596.635.735.676.08
6.455 415.507 12
11.599.158.90
10.7912 0313.46
12.6611.9611.60
13.23
12.93
11.26
8.99
8.12
7.49
8.01
1 Averages of daily closing prices, except New York Stock Exchange data through May 1964 are averages of weekly closing prices.2 Includes all the stocks (more than 1,500) listed on the New York Stock Exchange.3 Includes 30 stocks.4 Includes 500 stocks.5 Standard & Poor's series, based on 500 stocks in the composite index.6 Aggregate cash dividends (based on latest known annual rate) divided by aggregate market value based on Wednesday closing
prices. Monthly data are averages of weekly figures; annual data are averages of monthly figures.7 Quarterly data are ratio of earnings (after taxes) for 4 quarters ending with particular quarter to price index for last day of that
quarter. Annual ratios are averages of quarterly ratios.
Note.—All data relate to stocks listed on the New York Stock Exchange.
Sources-. New York Stock Exchange, Dow Jones & Co., Inc., and Standard & Poor's Corporation.
323
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-91.—Business formation and business failures, 1940-83
Year or month
1940194119421943194419451946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
198019811982 P.
1982: JanFebMarAprMayJune
JulyAugSeptOctNovDec
1983: JanFebMarAprMayJune
JulyAugSeptOctNov
Indexof net
businessformation(1967 =
100)
101.986.4
90.689.593.391.791.098.496.692.492.298.7
95.592.193.795.298.6
100.299.4
100.0106.8112.9
106.4108.5115.9114.9109.2107.0115.6123.2128.2128.3
122.4118.6113.2
Newbusinessincorpo-rations
(number)
132,916112,89796,34685,640
93,09283,77892,946
102,706117,411139,915141,163137,112150,781193,067
182,713181,535182,057186,404197,724203,897200,010206,569233,635274,267
264,209287,577316,601329,358319,149326,345375,766436,170478,019524,565
533,520581,242566,942
Business failures1
Businessfailurerate2
63.054.444.616.46.54.25.2
14.320.434.4
34.330.728.733.242.041.648.051.755.951.8
57.064.460.856.353.253.351.649.038.637.3
43.841.738.336.438.442.634.828.423.927.8
42.161.389.0
Seasonally adjusted
113.2115.6113.5115.2114.7112.1
112.4112.6110.4111.5112.9114.4
111.4113.3112.7112.0114.8116.4
115.2114.4115.8118.8118.0
43,33047,23446,89946,87646,99545,936
44,52546,98145,55245,53048,47457,507
49,99948,29648,03248,90350,21150,992
48,60152,82850,445
66.277.077.673.480.3
103.6
72.9
Number of failures
Total
13,61911,8489,4053,2211,222
8091,1293,4745,2509,246
9,1628,0587,6118,862
11,08610,96912,68613,73914,96414,053
15,44517,07515,78214,37413,50113,51413,06112,3649,6369,154
10,74810,3269,5669,3459,915
11,4329,6287,9196,6197,564
11,74216,79425,346
1,5351,8542,0881,8821,9412,452
1,631
Liability size class
Under$100,000
13,40011,6859,2823,1551,176
7591,0033,1034,8538,708
8,7467,6267,0818,075
10,22610,11311,61512,54713,49912,707
13,65015,00613,77212,19211,34611,34010,83310,1447,8297,192
8,0197,6117,0406,6276,7337,5046,1764,8613,7123,930
5,6828,233
730843986877931
1,077
727
$100,000and over
219163123664650
126371397538
416432530787860856
1,0711,1921,4651,346
1,7952,0692,0102,1822,1552,1742,2282,2201,8071,962
2,7292,7152,5262,7183,1823,9283,4523,0582,9073,634
6,0608,561
8051,0111,1021,0051,0101,375
904
Amount of current liabilities(millions of dollars)
Total
166.7136.1100.845.331.730.267.3
204.6234.6308.1
248.3259.5283.3394.2462.6449.4562.7615.3728.3692.8
938.61,090.11,213.61,352.61,329.21,321.71,385.71,265.2
941.01,142.1
1,887.81,916.92,000.22,298.63,053.14,380.23,011.33,095.32,656.02,667.4
4,635.16,955.2
645.1913.5836.0
1,309.32,850.51,020.3
1,425.6
Liability size class
Under$100,000
119.9100.780.330.214.511.415.763.793.9
161.4
151.2131.6131.9167.5211.4206.4239.8267.1297.6278.9
327.2370.1346.5321.0313.6321.7321.5297.9241.1231.3
269.3271.3258.8235.6256.9298.6257.8208.3164.7179.9
272.5405.8
35.039.748.241.044.953.1
35.7
$100,000and over
46.835.420.515.117.118.851.6
140.9140.7146.7
97.1128.0151.4226.6251.2243.0322.9348.2430.7413.9
611.4720.0867.1
1,031.61,015.61,000.01,064.1
967.3699.9910.8
1,618.41,645.61,741.52,063.02,796.34,081.62,753.42,887.02,491.32,487.5
4,362.66,549.3
610.1873.7787.8
1,268.32,805.5
967.1
1,389.9
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.Sources: Department of Commerce (Bureau of Economic Analysis) and Dun & Bradstreet, Inc.
324
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
AGRICULTURE
TABLE B-92.—Farm income, 1929-83
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
192919331939
19401941..19421943194419451946194719481949
1950195119521953195419551956195719581959
19601961.. .19621963196419651966196719681969
19701971. . . .1972197319741975.197G19771978.1979
1980. .198119821983 P
1981:I||IIIIV
1982:1IIIllIV
1983:\p.
llp . .Ill"IV
Income of farm operators from farming
Gross farm income
Total»
13 86.9
10 7
11314.319 923 324.025 429.632 436 530.8
33.138 337.834 434 233.534 034.839.037 9
38 940 542.343 442.346.550.550 551.856.4
58.862171.299.098.3
100 6102.9108.7127 2150.4
1501167.1162.2158 6
161.2165 1172.2169.7
168.4158.5155 9165.8
156.41531154.1170.6
Cash marketing receipts
Total
11.35.37.9
8.411.115 619.620.521724.829 630.227.8
28.532.932.531029.829.530 429.733.533.6
34 235.236.537 537.339.443.442 844.248.2
50.552 761.186.992.488 995.496.2
112 9131.8
140 5142.3144.6142 4
141.9138 5145.7143.0
147.6142.0142 3146.3
144.51413145.0138.8
Livestockand
products
6.22.84.5
496.590
11.511.412 013.816 517.115.4
16.119.618.216 916.316.016.417.419.218 9
19 019 520.220 019.921.925.024 425.528.6
29.530 535.645.841.343 146.347.659 268.6
67 869.270.270 7
69.269 570.168.0
70.771.070 268.9
71.570 870.170.3
Crops
5.12.533
354.6658.19.297
11.013113.112.4
12.413 214.314113.613.514 012.314.214 7
15 315 716.317 417.417.518.418 418.719.6
21.022 325.541.151.145 849.048.653 763.2
11173.174.4717
72.769 075.675.0
76.971.072 177.4
73.070 574.968.5
Value ofinventorychanges2
- 0 . 1- .2
.1
.3
.41.1.1
- .4- .4
.0- 1 . 8
1.7- . 9
.81.2.9
- . 6.5.2
- .5.6.8.0
.4
.3
.6
.68
1.017.1.1
.01.4.9
3.4-1 .6
3.4- 1 . 5
1.18
4.9
- 5 . 37.6
- 1 . 9- 8 . 8
3.11019.57.9
2.0- 1 . 7- 3 . 5- 4 . 2
-8 .6- 9 . 9
-12.3-4 .4
Produc-tion
expenses
7.74.46.3
6.97.8
10.011.612.313.114.517.018.818.0
19.522.322.821.521.822.222.723.725.827.2
27.428.630.331.631.833.736.538.239.542.1
44.547.151.764.671.075.082.788.999.5
118.1
128.6137.0140.1136.0
135.1136 5137.8138.6
141.0141.5140.3137.6
136.6135.1135.3137.0
Net farm
Currentdollars
6.22.64.4
4.56.59.9
11.711.712.315.115.417.712.8
13.615.915.013.012.411.311.311.113.210.7
11.512.012.111.810.512.914.012.312.314.3
14.415.019.534.427.325.620.119.811132.3
21.530.122.122.6
26.128.634.431.1
27.417.015.628.2
19.818.018.833.6
income
1967dollars3
12.06.6
10.6
10.714.720.222.722.222.825.823.024.517.9
18.920.518.816.215.414.113.813.115.212.3
13.013.313.312.811.313.714.412.311.813.0
12.412.415.625.918.515.911.810.914.214.8
8.711.07.67.6
9.910.712.511.0
9.75.95.39.6
6.76.16.3
11.1
1Cash marketing receipts and inventory changes plus Government payments, other farm cash income, and nonmoney incomefurnished by farms.
2 Physical changes in end-of-period inventory of crop and livestock commodities valued at average prices during the period.3 Income in current dollars divided by the consumer price index (Department of Labor).
Source: Department of Agriculture, except as noted.
325
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-93.—Farm output and productivity indexes, 1929-83
[1977 = 100]
Year
1929
1933
1939
19401941194219431944
19451946 .. .194719481949
1950 . ..1951195219531954
1955195619571958 .. .1959
I9601961 ....196219631964 ....
19651966 . .. ..196719681969
19701971197219731974
19751976197719781979
1980198119821983"
Farm output
Total»
44
42
48
5052585759
586058
CO
CM
i—
CO
CO
C
C
63666666
6969677374
7676778079
8279838585
8492919388
9597100104111
10311811799
Crops2
Total3
48
43
49
5152585558
5659566461
5960626261
6363626968
7270717472
7673777980
7786879284
9392100102113
10111611887
Feedgrains
38
35
40
4144514749
4751395750
5147504951
5454586466
6962626859
7070797578
7192889174
9196100108116
9712112467
Foodgrains
39
27
36
4045484151
5355646253
4949635751
4850476955
6660565965
6767768074
6981778691
10810710093108
121144140117
Oilcrops
6
5
14
1616232320
2019222726
2626262628
3034333936
3843444646
5355566465
6668748771
8674100105129
9911412489
Live-stockandprod-ucts2
50
54
56
5760677269
6866
6467
7073747477
7979787983
8286868991
8991949495
9910010199100
9599100101104
108109107110
Productivity indicators
Farmoutputper
unit oftotalinput
45
46
51
5254585758
5861596361
6161636465
6768697474
7778798282
8683868788
8794949590
9998100102106
101115116105
Cropproduc-tionperacre4
48
43
51
5354595558
5760576460
5959626261
6364657372
7778818381
8583868991
8896999988
9694100105113
9911311599
Farm output perfarm work
Total
9
9
11
1213141414
151616
o
cooo
20222324
2628293335
3739414547
5253586263
6674788179
8994100109119
112131136132
Crops
O
O
CM
C
14151516
1618182020
2222242526
2830333837
4142454749
565963-6668
7079848780
8991100105118
104120127116
lour of
Live-stockandprod-ucts
14
13
14
1415161616
161717
o
oooo
20212223
24252628co
cr
35374043
4549535559
6468737682
8593100109118
129138147149
1 Farm output measures the annual volume of net farm production available for eventual human use through sales from farms orconsumption in farm households.
2 Gross production.3 Includes items not included in groups shown.4 Computed from variable weights for individual crops produced each year.Source: Department of Agriculture.
326
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-94.—Farm input use, selected inputs, 1929-83
Year
Farm populationApril1
Num-ber
(thou-sands)
Asper-cent
oftotalpopu-
lation2
Farm employment(thousands)3
Total
Fam-ily
work-ers
Hiredwork-
ers
Cropshar-
vested(mil-
lions ofacres)4
Selected indexes of input use (1977=100)
TotalFarmlabor
Farmreal
estate
Me-chanicalpower
andmachin-
ery
culturalchemi-cals5
Feed,seed,andlive-stockpur-
chases6
1929..
1933..
1939..
1940..1941..1942..1943..1944..
19451946194719481949
1950..1951..1952..1953..1954..
19551956195719581959
I960....1961....1962....1963....1964....
1965
1966
1967....1968....1969....
1970....1971....1972....1973....1974....
1975....1976....1977....1978....1979....
1980198119821983'...
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
9,7129,4259,6109,4729,264
8,8648,253
7 6,1947 6,5017 6,241
7 6,0517 5,79075,620
25.1
25.8
23.5
23.122.621.419.217.9
17.518.017.916.616.2
15.214.213.912.511.7
11.511.110.39.89.3
8.78.17.77.16.7
6.45.95.55.25.1
4.74.54.64.54.3
4.13.8
7 2.87 2.97 2.8
7 2.77 2.57 2.4
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
4,5234,4364,3734,3374,389
4,3424,3744,1553,9573,774
3,7058 3,641
3,5783,518
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
4,1283,8543,6503,5353,419
3,3483,2753,2283,1693,075
3,0262,9972,8592,6892,501
2,402• 2,324
2,2482,174
3,403
2,865
2,727
2,6792,6522,5552,4362,231
2,1192,1892,2672,3372,252
2,3292,2362,1442,0892,081
2,0361,9521,9401,9821,952
1,8851,8901,8271,7801,604
1,4821,3601,2531,2131,176
1,1751,1611,1461,1681,314
1,3171,3771,2961,2681,273
1,303J 1,3171,3301,344
365
340
331
341344348357362
354352355356360
345344349348346
340324324324324
324302295298298
298294306300290
293305294321328
336337345338349
352366365304
99
93
96
9797100101102
1009898100102
101104104103102
102100
99
97979797
9696979797
9798979898
9699100102105
10310210094
469
457
419
417411421416412
386371351342329
310310296285274
264249231222216
207198189183174
156147143138133
126123117115112
1071031009593
929086
106
99
104
106104102101101
101105106106107
108108107107107
107105104103104
103102103103103
102101103102101
10410210110098
9798100100100
101101102
83
8082858686
8587869092
9698100104107
10410399
99101113
1314151618
1921232424
2627272832
3235384346
4956666973
7581869092
8396100107118
120121111
28
26
37
3942444848
5049515256
5862636365
6669687377
7781838385
928993
96102104107
99
93101100104111
108104105
}Farm population as defined by Department of Agriculture and Department of Commerce, i.e., civilian population living on farms inrural areas, regardless of occupation. See also footnote 7.
2 Total population of United States including Armed Forces overseas, as of July 1.3 Includes persons doing farmwork on all farms. These data, published by the Department of Agriculture, differ from those on
agricultural employment by the Department of Labor (see Table 6-29) because of differences in the method of approach, in concepts ofemployment, and in time of month for which the data are collected.
4 Acreage harvested plus acreages in fruits, tree nuts, and farm gardens.5 Fertilizer, lime, and pesticides.6Nonfarm constant dollar value of feed, seed, and livestock purchases.7 Based on new definition of a farm. Under old definition of a farm, farm population (in thousands and as percent of total
population) for 1977, 1978, 1979, 1980, 1981, and 1982 is 7,806 and 3.6; 8,005 and 3.6; 7,553 and 3.4; 7,241 and 3.2; 6,942 and 3.0;and 6,870 and 3.0, respectively.
8 Previous basis for farm employment series has been discontinued. Employment after 1980 is estimated.
Note.—Population includes Alaska and Hawaii beginning 1960.
Sources: Department of Agriculture and Department of Commerce (Bureau of the Census).
327
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-95.—Indexes of prices received and prices paid by farmers, 1946-83
[1977=100]
Year or month
Prices received by farmers
Allfarmprod-ucts
Crops
Live-stockand
prod-ucts
Prices paid by farmers
Allcommod-
ities,services,interest,
taxes,and
wagerates1
Production items
Total2
Tractorsandself-pro-
pelledmachin-
ery
Fertil-izer
Fuelsand
energy
Wagerates
Adden-dum:Aver-agefarmrealestatevalueper
acre3
19461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983"1982:JanFebMarAprMayJuneJulyAugSeptOctNovDec
1983:JanFebMar
May"..June...July....Aug....
SNovDec
5260635556666356545150515553
52535353525458555659
60626998105101102100115132
134139133135
132133133135139138137133136128128127
128132134136137134
131139136134135140
5361595254616255565354525251
51525455555355525250
52566091117105102100105116
125134121128
126123120123126125125117124114117114
114118121127129126
125139135134134136
5060655658706456524947515753
53525351495460576067
6767771049498101100124147
144143145141
137143145147151150147148147142139139
142146146145144141137139137135135144
3035383637414240404040424343
44444545454749495153
55586271818995100108123
138150156160
154154155155156156157157157156156156
157158159159160160
160160161161162162
3339434142474744444343444646
46464747474850505052
54576173839197100108125
138148149153
147148149149150151151150149148148148
150151152153154154
152153154153154155
3940424447
49515458688291100109122
136152165174
159159161161161167167167168168168168
168168172172172176
176176177177177177
4550555654575959595857585857
57585857575756555248
4850525692120102100100108134144144137
143143147147146146146146146141141139
139139138138138138
138138138134134136
494950505152535457798893100105137188213210202
217215206199201211214212212211212209
205199191198203204
205206206206203201
2022232222252627272728293032
33333435363841444853
57596369798593100107117126137143147
143143143143143143143143143143143143
147147147147147147
147147147147147147
1113141414161818181919212223
24252627293133353840
42434753667586100109125145158157148
157
148
1 Includes items used for family living, not shown separately.2 Includes other items not shown separately.3 Average for 48 States. Annual data are for March 1 of each year through 1975, for February 1 for 1976 through 1981, and forApril 1 for 1982 and 1983. Monthly data are for first of month.
Source-. Department of Agriculture.
328
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-96.— U.S. exports and imports of agricultural commodities, 1940-83
[Billions of dollars]
Year
Exports
Total1 Feedgrains
Foodgrains2
Oil-seedsand
prod-ucts
Cot-ton
To-bacco
Ani-malsand
prod-ucts
Imports
Total1
Crops,fruits,
andvege-
tables3
Ani-malsand
prod-ucts
Cof-fee
Cocoabeansand
prod-ucts
Agri-cultural
tradebalance
19401941194219431944
19451946194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
198019811982
Jan-Nov:1982....1983....
0.5.7
1.22.12.1
2.33.14.03.53.6
2.94.03.42.83.1
3.24.24.53.94.0
4.85.05.05.66.3
6.26.96.46.36.0
7.37.79.4
17.7"21.9
21.923.023.629.434.7
41.243.336.6
33.732.6
PI(4)
5.96.5
1.21.41.31.51.7
1.41.81.51.41.2
1.41.31.84.75.4
6.24.73.65.56.3
7.99.67.9
.6
.6
.7
.81.0
1.21.21.31.31.3
1.92.22.44.35.7
4.55.16.68.28.9
9.49.69.1
0.2.1.1.2.1
.3
.5
.4
.5
.9
1.01.1.9.5
.5
.71.0.7.4
1.0.9
'.S.7
.5
.4
.5
.5
.3
.4
.6
!91.3
1.01.01.51.72.2
2.92.32.0
.2
.1
.2
.4
.3
.2
.3
.3
.3
.2
.3
.3
.4
.3
.4
.4
.3
.4
.4
.4
.4
.4
.4
.5
.5
.5
0.1
.81.21.3
.9
.9
.7
.5
.4
.3
.5
.3
.4
.5
.6
J.5.6
.6
.6
.6
.7
.91.01.11.61.8
1.72.42.73.03.8
3.84.23.9
3.65 2.8
1.31.71.31.51.8
1.72.32.83.12.9
4.05.24.54.24.0
4.04.04.03.94.1
3.83.73.94.04.1
4.14.54.55.05.0
5.85.86.58.4
10.2
9.311.013.414.816.7
17.416.815.2
14.115.3
()0.1
0.2.3.5.4.3
.4
.4
.4
.6
.4
.71.1.7.6.5
.5
.4
.5
.7
3.35 3.2
0.1.2
.3
.3
.3
.5
.6
'.S
1.11.41.41.51.5
1.41.41.41.21.1
1.01.01.01.01.2
1.11.11.01.2.9
1.21.21.31.71.6
1.72.94.24.04.2
4.22.92.9
- 0 . 8- 1 . 0- . 1
.6
.3
'.S1.2.3.7
- 1 . 1- 1 . 1- 1 . 1- 1 . 3—.9
.2
.6(4 )
1.01.31.21.62.3
2.12.41.91.31.1
1.51.92.99.3
11.7
12.612.010.214.618.0
23.926.621.4
19.717.3
1 Total includes items not shown separately.2 Rice, wheat, and wheat flour.3 Includes nuts, fruits, and vegetable preparations.4 Less than $50 million.5 Total includes major animal products.
Note.—Data derived from official estimates released by the Bureau of the Census, Department of Commerce. Agricultural commoditiesare defined as (1) nonmarine food products and (2) other products of agriculture which have not passed through complex processes ofmanufacture. Export value, at U.S. port of exportation, is based on the selling price and includes inland freight, insurance, and othercharges to the port. Import value, defined generally as the market value in the foreign country, excludes import duties, ocean freight,and marine insurance.
Source: Department of Agriculture.
329
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-97.—Balance sheet of the farming sector, 1929-84
[Billions of dollars]
Beginning ofyear
Assets
TotalReal
estateLive-
stock 1Machin-ery andmotor
vehicles
Other physical assets
Crops2
House-hold
equip-mentand
furnish-ings
Financial assets
Depos-itsandcur-
rency
U.S.savingsbonds
Invest-ments incooper-atives
Claims
Total estatedebt
Otherdebt
Propri-etors'
equities
1929
1933...
1939
48.0
30.8
34.1
6.6
3.0
5.1 3.2
9.8
19401941194219431944
19451946194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
1975 3
1976197719781979
19801981198219831984 4
53.054.862.973.684.0
93.8102.9115.9127.4134.6
134.5154.3170.1167.6164.5
168.9173.6182.8191.3207.6
210.2210.9219.3227.6235.8
243.8260.8274.3288.0302.8
314.9326.0351.8394.8478.5
502.6576.3664.2736.5873.4
1,005.51,089.81,083.41,048.81,067.6
33.634.437.541.648.2
53.961.068.573.776.6
77.689.598.5
100.198.7
102.2107.5115.7121.8131.1
137.2138.5144.5150.2158.6
167.5179.2189.1199.7209.2
215.8223.2239.6267.3327.7
359.7418.1496.4554.7655.0
755.9828.4818.9772.5792.0
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
15.215.616.417.315.9
14.517.619.018.820.2
23.523.727.334.142.4
24.529.429.031.951.3
61.460.853.652.951.3
3.13.34.04.95.4
6.55.45.37.4
10.1
12.214.116.717.418.4
18.719.320.220.121.8
22.722.222.523.523.9
24.826.027.429.831.3
32.334.436.639.344.2
54.764.071.077.085.1
96.8102.5108.8111.0113.8
2.73.03.85.16.1
6.76.37.19.08.6
7.67.98.89.09.1
9.68.38.37.69.3
7.78.08.89.39.8
9.29.7
10.09.6
10.6
10.910.711.814.522.0
23.321.322.124.828.0
33.535.936.342.137.0
4.24.14.84.84.7
5.25.67.28.18.9
8.49.6
10.19.69.5
9.710.09.69.69.4
9.28.78.98.88.8
8.48.48.38.89.4
9.610.010.811.912.3
11.211.712.113.816.0
17.219.420.822.623.5
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
11.912.413.214.014.9
14.014.514.815.215.5
15.916.216.717.418.2
0.2.4.5
1.12.2
3.44.24.24.44.6
4.74.74.74.64.7
5.05.25.15.15.2
4.74.64.54.44.2
4.24.13.93.83.8
3.73.63.74.04.2
3.83.93.83.94.2
4.03.83.63.53.6
0.8.9.9
1.01.1
1.21.41.51.71.9
2.12.32.52.72.9
3.03.23.53.73.9
4.24.54.85.05.4
5.65.96.26.56.8
7.28.08.89.8
10.9
11.413.414.915.418.3
20.822.824.626.828.2
53.054.862.973.684.0
93.8102.9115.9127.4134.6
134.5154.3170.1167.6164.5
168.9173.6182.8191.3207.6
210.2210.9219.3227.6235.8
243.8260.8274.3288.0302.8
314.9326.0351.8394.8478.5
502.6576.3664.2736.5873.4
1,005.51,089.81,083.41,048.81,067.6
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
18.921.223.125.127.4
29.230.332.235.139.5
44.649.655.263.371.4
85.495.5
105.5109.5111.9
3.44.04.13.93.5
3.43.13.54.26.1
6.97.08.08.99.2
9.49.89.5
10.012.6
12.713.414.616.217.6
17.919.520.922.323.1
23.824.127.429.833.8
37.042.048.759.469.4
80.486.596.1
106.8103.2
43.044.352.563.875.1
85.495.0
107.5118.1123.3
122.1141.3155.5151.5147.6
151.2154.9163.4170.8183.9
185.4184.7190.9196.2201.4
207.0220.1230.2240.6252.3
261.9271.5292.2330.0405.2
421.0484.8560.4613.8732.6
839.7907.8881.7832.5852.5
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.3 Beginning 1975, data are for farms included in the new farm definition, that is, places with sales of $1,000 or more annually.4 Forecast.
Note.—Beginning 1960, data include Alaska and Hawaii.
Source: Department of Agriculture.
330
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INTERNATIONAL STATISTICS
TABLE B-98.— Exchange rates, 1967-83
[Cents per unit of foreign currency, except as noted]
Year and month
March 1973
196719681969
19701971197219731974
19751976197719781979
1980198119821983
1982:1IIIllIV
1983:1IIIllIV
March 1973
196719681969
19701971197219731974
19751976197719781979
1980198119821983
1982:1IIIllIV
1983:1IIIII....IV
Belgian franc
2.5378
2.01252.00261.9942
2.01392.05982.27162.57612.5713
2.72532.59212.79113.18093.4098
3.42472.70072.18441.9561
2.41662.22162.10172.0529
2.11102.01781.88381.8357
Netherlandsguilder
34.834
27.75927.62627.592
27.65128.65031.15335.97737.267
39.63237.84640.75246.28449.843
50.36940.19137.42735.035
38.83637.92036.60936.526
37.54535.82033.81633.300
Canadiandollar
100.333
92.68992.80192.855
95.80299.021100.93799.977102.257
98.297101.41094.11287.72985.386
85.53083.40881.01181.136
82.72180.36680.02281.199
81.46381.21481.11080.743
Swedish krona
22.582
19.37319.34919.342
19.28219.59221.02222.97022.563
24.14122.95722.38322.13923.323
23.64719.86015.91413.035
17.43216.92916.22913.660
13.48613.26012.80612.626
French franc
22.191
20.32320.19119.302
18.08718.14819.82522.53620.805
23.35420.94220.34422.21823.504
23.69418.48915.19913.123
16.68615.94914.39614.143
14.51713.40312.56112.251
Swiss franc
31.084
23.10423.16923.186
23.19924.32521.19331.70033.688
38.74340.01341.71456.28360.121
59.69751.02549.19647.605
53.35850.12447.27246.739
49.59548.17846.56346.306
German mark
35.548
25.08425.04825.491
27.42428.76831.36437.75838.723
40.72939.73743.07949.86754.561
55.08944.36241.18639.156
42.63042.04840.26839.998
41.51340.25637.82837.344
United Kingdompound
247.24
275.04239.35239.01
239.59244.42250.08245.10234.03
222.16180.48174.49191.84212.24
232.58202.43174.80151.59
184.61177.95172.41164.81
153.28155.21150.95146.91
Italian lira
0.17604
.16022
.16042
.15940
.15945
.16174
.17132
.17192
.15372
.15338
.12044
.11328
.11782
.12035
.11694
.08842
.07386
.06582
.07932
.07575
.07169
.06968
.07139
.06773
.06351
.06156
Japanese yen
0.38190
.27613
.27735
.27903
.27921
.28779
.32995
.36915
.34302
.33705
.33741
.37342
.47981
.45834
.44311
.45432
.40151
.42096
.42821
.41003
.38614
.38697
.42436
.42109
.41252
.42714
Multilateral trade-weighted value ofthe U.S. dollar (March 1973=100)
Nominal
100.0
120.0122.1122.4
121.1117.8109.199.1101.4
98.5105.6103.392.488.1
87.4102.9116.6125.3
109.9114.0119.8122.2
119.4123.0128.7130.2
Real1
100.0
98.899.2
93.997.393.184.283.2
84.8100.8111.7117.3
106.0109.2115.3116.1
112.1115.3120.5121.3
1 Adjusted by changes in consumer prices.Source: Board of Governors of the Federal Reserve System.
331
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-99.—U.S. international transactions, 1946-83
[Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits ( + ), debits ( - ) ]
Year orquarter
1946194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
198019811982
1981:IIIIllIV
1982:1IIIllIV
1983:IIIIll"
Merchandise1
Exports
11,76416,09713,26512,213
10,20314,24313,44912,41212,929
14,42417,55619,56216,41416,458
19,65020,10820,78122,27225,501
26,46129,31030,66633,62636,414
42,46943,31949,38171,41098,306
107,088114,745120,816142,054184,473
224,237237,019211,217
60,79360,03157,81258,383
55,63654,99652,24148,344
49,50648,91350,585
Imports
-5,067-5,973-7,557-6,874
-9,081-11,176-10,838-10,975-10,353
-11,527-12,803-13,291-12,952-15,310
-14,758-14,537-16,260-17,048-18,700
-21,510-25,493-26,866-32,991-35,807
-39,866-45,579-55,797-70,499
-103,811
-98,185-124,228-151,907-176,020-212,028
-249,781-265,086-247,606
-65,275-67,373-66,214-66,224
-61,739-60,850-65,319-59,698
58,316-63,574-68,754
2
Net
6,69710,1245,7085,339
1,1223,0672,6111,4372,576
2,8974,7536,2713,4621,148
4,8925,5714,5215,2246,801
4,9513,8173,800
635607
2,603-2,260-6,416
911-5,505
8,903-9,483
-31,091-33,966-27,555
-25,544-28,067-36,389
-4,482-7,342-8,402-7,841
-6,103-5,854
-13,078-11,354
8,810-14,661-18,169
Investment income3
Receipts
7721,1021,9211,831
2,0682,6332,7512,7362,929
3,4063,8374,1803,7904,132
4,6164,9995,6186,1576,824
7,4377,5288,0209,368
10,912
11,74712,70714,76421,80827,587
25,35129,28632,17942,24564,132
72,44586,24384,146
20,68321,71722,04321,801
20,76122,31621,56919,499
17,69719,02720,622
Payments
- 2 1 2- 2 4 5-437- 4 7 6
-559- 5 8 3- 5 5 5- 6 2 4- 5 8 2
- 6 7 6- 7 3 5- 7 9 6- 8 2 5
-1,061
-1,237-1,245-1,324-1,561-1,784
-2,088-2,481-2,747-3,378-4,869
-5,516-5,436-6,572-9,655
-12,084
-12,564-13,311-14,217-21,680-32,914
-42,875-52,760-56,842
-12,477-13,505-13,888-12,892
-13,824-14,779-14,748-13,491
12,608-13,326-13,694
Net
560857
1,4841,355
1,5092,0502,1962,1122,347
2,7303,1023,3842,9653,071
3,3793,7544,2944,5965,040
5,3495,0475,2735,9906,043
6,2317,2718,192
12,15315,503
12,78715,97517,96220,56531,218
29,57033,48327,304
8,2068,2128,1558,909
6,9377,5376,8216,008
5,0895,7016,928
Netmilitarytransac-
tions
- 4 9 3- 4 5 5- 7 9 9- 6 2 1
- 5 7 6-1,270-2,054-2,423-2,460
-2,701-2,788-2,841-3,135-2,805
-2,752-2,596-2,449-2,304-2,133
-2,122-2,935-3,226-3,143-3,328
-3,354-2,893-3,420-2,070-1,653
- 7 4 6559
1,528621
-1,778
-2,286-1,355
179
- 5 8 3- 4 3 5
179- 5 1 5
- 5 1201
54- 2 6
516117
- 2 1
Nettraveland
transpor-tation
receipts
733946374230
- 1 2 0298
83- 2 3 8-269
-297- 3 6 1- 1 8 9- 6 3 3- 8 2 1
- 9 6 4- 9 7 8
-1,152-1,309-1,146
-1,280-1,331-1,750-1,548-1,763
-2,038-2,345-3,063-3,158-3,184
-2,792-2,558-3,565-3,573-2,935
-1,434- 5 9 8
-2,095
- 2 6 6- 1 7 8- 1 8 4
30
- 2 0 8- 5 6 1-557- 7 6 9
935-1,222
- 7 4 5
Otherserv-ices,net3
310145175208
242254309307305
299447482486573
579594809960
1,041
1,3871,3651,6121,6301,833
2,1802,4952,7663,1843,986
4,5984,7115,2726,0135,735
7,1728,0607,822
1,9642,0522,0531,988
2,0501,9141,9061,951
2,1142,2342,092
Balanceon goods
andservices14
7,80711,6176,9426,511
2,1774,3993,1451,1952,499
2,9285,1537,1073,1451,166
5,1326,3466,0257,1679,604
8,2855,9635,7083,5633,393
5,6252,269
-1,94111,0219,147
22,7499,205
-9,894-10,340
4,686
7,47711,523
-3,177
4,8392,3091,8012,571
2,6253,236
-4,854-4,190
2,026-7,832-9,915
Remit-tances,
pensions,and otherunilateral
transfersl
-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
-2,308-2,524-2,638-2,754-2,781
-2,854-2,932-3,125-2,952-2,994
-3,294-3,701-3,854-3,881
5 -7 ,186
-4,613-4,998-4,617-5,106-5,649
-7,056-6,931-8,034
-1,495-1,567-1,884-1,986
-2,061-1,802-1,742-2,431
-1,561-1,823-2,061
Balanceon
currentac-
count 14
4,8858,9922,417
873
-1,840884614
-1,286219
4302,7304,762
784-1,282
2,8243,8223,3874,4146,823
5,4323,0312,583
611399
2,331-1,433-5,795
7,1401,962
18,1364,207
-14,511-15,446
- 9 6 4
4214,592
-11,211
3,344742
- 8 3585
5641,434
-6,596-6,621
-3,587-9,655
-11,976
1 Excludes military.2 Adjusted from Census data for differences in valuation, coverage, and timing.3 Fees and royalties from U.S. direct investments abroad or from foreign direct investments in the United States are excluded from
investment income and included in other services, net.4 In concept, balance on goods and services is equal to net exports and imports in the national income and product accounts (and
the sum of balance on current account and allocations of special drawing rights is equal to net foreign investment in the accounts),although the series differ because of different handling of certain items (gold, extraordinary military shipments, etc.), revisions, etc.
See next page for continuation of table.
3S2
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-99.—U.S. international transactions, 1946-83—Continued
[Millions of dollars,- quarterly data seasonally adjusted, except as noted]
Year orquarter
1946194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
198019811982
19811IIIIIIV
19821IIIIIIV
19831IIIll P
U.S. assets abroad, net[increase/capital outflow ( - ) ]
Total
-4,099-5,538-4,174-7,270-9,560
-5,716-7,321-9,757
-10,977-11,585
-9,337-12,475-14,497-22,874-34,745
-39,703-51,269-34,785-61,130-64,331
-86,052-110,601-118,045
-23,335-22,170-17,279-47,817
-31,456-40,934-26,099-19,553
-21,699- 6 5 8
-6,429
U.S.officialreserveassets6
6233 315
- 1 7 3 6266
1,75833
4151,256
480
182-869
-1,1652,2921,035
2,145607
1,535378171
1,225570
53870
-1,179
2,4812,349
- 4158
-1,467
-849-2,558
- 3 7 5732
-1,133
-8,155-5,175-4,965
-4,529- 9 0 5
- 4262
-1,089-1,132
- 7 9 4-1,950
-78716
529
OtherU.S.
Govern-mentassets
-1,100- 9 1 0
-1,085-1,662-1,680
-1,605-1,543-2,423-2,274-2,200
1,589-1,884-1,568-2,644
5 366
-3,474-4,214-3,693
4,660-3,746
-5,140-5,078-5,732
-1,361-1,469-1,274
- 9 7 3
8071,489
-2,502- 9 3 4
-1,053-1,162-1,188
U.S.privateassets
-5,144-5,235-4,623-5,986-8,050
-5,336-6,347-7,386-7,833-8,206
10,229-12,940-12,925-20,388-33,643
-35,380-44,498-30,717-57,202-59,453
-72,757-100,348-107,348
-17,445-19,796-16,001-47,106
29,56038,313
-22,803-16,670
-19,859488
-5,770
Foreign assets in the U.S., net[increase/capital inflow ( + )]
Total
2,2942,7051,9113,2173,643
7423,6617,3799,928
12,702
6,35922,97021,46118,38834,241
15,67036,51851,31964,03638,752
54,92280,67887,866
8,43713,95916,73141,551
27,12431,61217,61311,517
16,45210,95618,487
Foreignofficialassets
1,473765
1,2701,9861,660
134-6723,451- 7 7 4
-1,301
6,90826,87910,4756,026
10,546
7,02717,69336,81633,678
-13,665
15,5665,4303,172
5,517-2,999-5,880
8,792
3,0611,9302,6421,661
491,973
-3,235
Otherforeignassets
8211,939
6411,2311,983
6074,3333,928
10,70314,002
- 5 5 0-3,90910,98612,36223,696
8,64318,82614,50330,358§2,416
39,35675,24884,694
2,92016,95822,61132,760
30,18529,68214,9729,855
16,4038,983
21,722
Alloca-tions ofspecialdrawingrights(SDRs)
867717710
1,139
1,1521,093
1,093
Statisticaldiscrepancy
Total(sum of
the itemswith signreversed)
-1,019- 9 8 9
-1,124- 3 6 0
907
- 4 5 8629
- 2 0 5438
-1,516
219-9,779
1,879-2,654-1,458
5,89710,544
-2,02312,54025,404
29,55624,23841,390
10,4607,470
6325,680
3,7687,887
15,08214,657
8,833- 6 4 4- 8 2
Of which:Seasonaladjust-ment
discrep-ancy
-1,057855
-1,1451,350
- 7 2 9881
-1,1901,042
-212792
-1,355
5 Includes extraordinary U.S. Government transactions with India.6 Consists of gold, special drawing rights, convertible currencies, and the U.S. reserve position in the International Monetary Fund
(IMF).
Note.—Quarterly data for U.S. official reserve assets and foreign assets in the United States are not seasonally adjusted.
Source: Department of Commerce, Bureau of Economic Analysis.
4 2 4 - 4 5 6 0 - 8 4 - 2 2 333
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TABLE B-100.—U.S. merchandise exports and imports by principal end-use category, 1965-83
[Millions of dollars,- quarterly data seasonally adjusted]
Year or quarter
Exports
Total Agricul-tural
Nonagricultural
Total
Capitalgoodsexceptauto-
motive
Othergoods
Imports
Total
Petro-leumand
products
Nonpetroleum
Total
Indus-trial
suppliesand
materi-als
Othergoods
19651966196719681969
1970..1971..1972..1973..1974..
1975....1976....1977....1978....1979....
1980..1981..1982..
1981:I
IllI V
1982:IIIIII....IV....
1983:III....
26,46129,31030,66633,62636,414
42,46943,31949,38171,41098,306
107,088114,745120,816142,054184,473
224,237237,019211,217
60,79360,03157,81258,383
55,63654,99652,24148,344
49,50648,91350,585
6,3056,9496,4536,2976,098
7,3817,8369,514
17,97722,410
22,24323,38024,33229,90235,595
42,15844,03437,230
12,23010,9949,965
10,845
10,08710,4358,4428,266
9,0098,8309,442
20,15622,36124,21327,32930,316
35,08835,48239,86853,43375,896
84,84691,36596,484
112,152148,879
182,079192,987173,986
48,56549,03747,84747,538
45,54944,56243,79840,077
40,49740,08341,143
8,0528,9079,934
11,11112,422
14,65915,37216,91421,99930,878
36,63939,11339,76646,47158,843
74,17881,54873,816
20,14721,10220,14720,152
19,33719,19518,43116,853
17,34016,95216,731
12,10413,45414,27916,21817,894
20,42920,11022,95431,43445,018
48,20752,25256,71865,68190,036
107,901111,439100,170
28,41827,93527,70027,386
26,21225,36725,36723,224
23,15723,13124,412
21,51025,49326,86632,99135,807
39,86645,57955,79770,499103,811
98,185124,228151,907176,020212,028
249,781265,086247,606
65,27667,37366,21466,224
61,73960,85065,31959,698
58,31663,57468,754
2,0342,0782,0912,3842,649
2,9293,6414,6508,415
26,608
27,01834,57244,98242,31260,482
79,26377,79461,201
20,38620,80119,00817,599
15,47313,36117,23415,133
10,49713,02716,585
19,47623,41524,77530,60733,158
36,93941,93751,14762,08577,204
71,16789,656106,925133,706151,546
170,518187,292186,404
44,89046,57247,20748,624
46,26647,48948,08544,565
47,81950,54752,168
9,12310,2359,956
12,02711,662
12,25013,59516,00219,18827,421
23,62029,14534,95141,30148,494
54,02757,42849,764
13,73014,54814,70814,442
12,83712,20912,62212,096
12,51313,34013,681
10,35313,18014,81918,58021,496
24,68928,34235,14542,89749,783
47,54760,51171,97492,405
103,052
116,491129,864136,640
31,16032,02432,49934,182
33,42935,28035,46332,469
35,30637,20738,487
Note.—Data are on an international transactions basis and exclude military shipments.
Source: Department of Commerce, Bureau of Economic Analysis.
334
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TABLE B-101.—U.S. merchandise exports and imports by area, 1974-83
[Millions of dollars]
Item 1974 1975 1976 1977 1978 1979 1980 1981 1982
1983 first3 quartersat annual
rate1
Exports
Industrial countries..,
CanadaJapanWestern EuropeAustralia, New Zealand,
and South Africa
Other countries, exceptEastern Europe
OPEC2..Other3..
Eastern Europe
Imports
Industrial countries
CanadaJapanWestern EuropeAustralia, New Zealand,
and South Africa
Other countries, exceptEastern Europe
OPEC2..Other3..
98,306
64,487
21,84210,72428,164
3,757
32,082
6,21925,863
1,737
103,811
61,254
22,55412,41424,267
2,019
41,580
17,23424,346
107,088
66,496
23,5379,567
29,884
3,508
37,343
9,95627,387
3,249
98,185
56,117
21,85411,25720,764
2,242
41,334
18,89722,437
114,745
72,335
26,33610,19631,883
3,920
38,287
11,56126,726
4,123
124,22*
67,665
26,65215,53123,003
2,479
55,379
27,40927,970
Eastern Europe.., 977 734 875
120,816
76,970
28,53310,56634,094
3,777
40,951
12,87728,074
2,895
4151,907
79,447
29,86418,56528,226
2,792
70,679
35,77834,901
1,127
142,054
87,948
31,22912,96039,546
4,213
50,213
14,84635,367
3,893
4176,020
99,357
33,75824,54136,618
4,440
74,403
33,28641,117
1,508
184,473
115,930
38,69017,62954,177
5,434
62,630
14,53748,093
5,913
4 212,028
112,809
39,22926,26141,826
5,493
96,137
45,03951,098
224,237
137,152
41,62620,80667,603
7,117
82,942
17,36465,578
4,143
4 249,781
127,908
42,90331,21747,255
6,533
119,142
55,60263,540
237,019
141,918
46,01621,79665,108
8,998
90,639
21,09769,542
4,439
4 265,086
144,339
48,25837,59852,873
5,610
119,194
49,93469,260
211,217
127,326
39,27520,69459,701
7,656
80,142
20,65159,491
3,749
l247,606
144,099
48,47337,68552,908
5,033
102,417
31,51770,900
1,896 1,444 1,553 1,067
198,672
125,371
42,80821,13154,860
6,572
70,884
15,30555,579
2,417
4 254,192
150,536
53,40539,04352,891
5,197
102,295
24,39577,900
1,361
1 Preliminary; seasonally adjusted.2 Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.3 Latin American Republics, other Western Hemisphere, and other countries in Asia and Africa, less members of OPEC.4 Trade with international organizations is included in totals for 1976-82, but not in area detail. This includes imports of
nonmonetary gold from International Monetary Fund in 1976-80; an export of tin to International Tin Council (ITC) in 1981; and animport of tin from ITC in 1982.
Note.—Data are on an international transactions basis and exclude military.
Source: Department of Commerce, Bureau of Economic Analysis.
335
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TABLE B-102.—U.S. merchandise exports and imports by commodity groups, 1965-83
[Millions of dollars; monthly data seasonally adjusted]
Year ormonth
Totaldomes-tic andforeign
exports2
Merchandise exports1
Domestic exports
Total2
Food,bever-ages,and
tobacco
Crudemateri-als andfuels4
Manu-facturedgoods5
Merchandise imports
General imports6
Total3
Food,bever-ages,and
tobacco
Crudemateri-als andfuels4
Manu-facturedgoods5
Total,c.i.f.
value7
Merchandise trade balance
Exportsless
imports,customs
value
Exportsless
imports,f.a.s.
Exportsless
imports,c.i.f.
19651966196719681969
19701971197219731974
1974*...1975*...1976*...1977*...1978*...1979*...
1980
198119821983
1982:JanFebMar...,
yJune-July...Aug...Sept..Oct....Nov...Dec...
1983-.Jan....Feb....Mar...Apr....May...June..
July...Aug...Sept..Oct....Nov...Dec...
F.a.s. value8 Customs value
26,74229,490
26,39929,054
4,5195,1864,7104,5924,446
5,0585,0766,569
12,93815,233
15,23316,79317,23415,96320,60424,587
30,407
33,20626,97726,979
2,3042,4812,6652,4952,4652,418
1,9022,1531,9262,1282,0511,966
2,3122,2242,3072,0792,0102,194
2,1142,0862,3372,4182,5042,387
4,2734,4044,7264,8655,006
6,6926,4417,091
10,73515,802
15,80215,19716,09518,57920,95728,222
33,719
33,02233,51829,555
3,0063,2683,0122,9432,8802,828
2,6982,6942,7512,6882,4402,420
2,7602,4432,3752,5492,2792,377
2,3822,7812,7562,2892,2342,570
17,43319,218
21,42725,618
4,013 5,4404,590 5,718
11,24414,44615,75620,62423,011
25,90730,41437,76745,00156,202
5,3153,872
31,03034,06337,332
42,65943,54949,19970,82397,998
98,092107,652115,223121,232143,681181,860
220,630
233,677212,193200,486
18,58418,61418,46218,00518,12418,823
18,06017,46317,32016,67115,85216,347
17,39316,32616,75216,07415,56617,008
16,62916,63017,38716,95116,84817,180
30,64633,62636,788
42,02542,91148,39969,73096,634
96,679106,161113,549119,024141,142178,633
216,515
228,899207,076195,917
18,19718,25117,98617,60317,71318,387
17,67117,14316,58416,28415,47615,913
17,00715,98416,33515,72215,18616,652
16,30016,24317,02216,49916,44916,777
20,84423,81826,785
29,34430,44333,74044,73163,523
63,52370,95177,24180,15194,473116,587
143,891
26,88933,22636,043
39,95145,56355,58369,476101,394
4,7015,3655,308
6,2306,4047,3799,23510,701
5,3676,0316,391
6,5427,2688,83813,44631,842
F.a.s. value 8
102,55998,503123,477150,390174,757209,458
244,871
10,7099,92311,89114,22715,74317,735
32,06432,59641,47453,55451,90171,390
18,551 93,973 125,122
55,22351,08064,77576,554100,317112,226
Customs value
154,283139,716132,408
12,35611,95411,82911,55511,78812,536
12,53611,80411,33110,94210,48410,648
11,26310,74311,06210,54510,33111,560
11,12510,85511,18911,24911,19811,314
260,982243,952
22,57319,57020,01917,71420,47721,187
19,84922,93020,58121,00618,89219,154
20,02119,01519,52519,77121,51421,024
21,95022,78222,17524,76323,179
18,350 92,873 142,47517,817 74,404 144,022
1,2451,2171,4551,4431,5411,537
1,4361,6811,7011,6861,4991,414
1,5821,5301,4791,6121,6521,456
1,5601,5511,5871,7221,554
8,2655,8505,7255,0354,9096,175
6,6717,1955,9176,7275,7856,158
5,9114,4134,6554,5115,8455,562
6,0146,5776,4456,8895,892
12,42511,93912,13810,65413,16312,830
11,20013,45612,30411,90310,97810,988
11,98112,56112,67212,85613,35113,249
13,84213,91313,37715,52815,197
28,74535,32038,241
42,42948,34258,86273,573108,392
110,875105,880132,498160,411186,045222,228
256,984
273,352254,885269,878
23,59820,39920,88918,50821,42222,129
20,75623,99221,51821,93219,73720,002
20,96219,90620,38120,67522,47321,964
22,98823,81723,19425,91724,24823,481
4,141837
1,289
2,708-2,014-6,384
1,348-3,396
-4,4679,149
-8,254-29,158-31,076-27,599
-24,241
-27,305-31,759
-3,989- 9 5 6
-1,557291
-2,353-2,364
-1,790-5,467-3,261-4,335-3,041-2,808
-2,628-2,689-2,774-3,697-5,948-4,016
-5,321-6,152-4,788-7,812-6,331
2,283-1,257
-909
230-4,793-9,663
2,752-10,395
-12,7831,772
-17,274-39,179-42,364-40,368
-36 ,354
-39,675-42,691-69,392
-5,015-1,785-2,427
- 5 0 3-3,297-3,306
-2,697-6,529-4,198-5,261-3,885-3,655
-3,569-3,580-3,630-4,601-6,907-4,956
-6,359-7,187-5,807-8,966-7,401-6,301
1 Beginning I960, data have been adjusted for comparability with the revised commodity classifications effective in 1965.2 Department of Defense shipments of grant-aid military supplies and equipment under the Military Assistance Program are excluded
from total exports.3 Total includes commodities and transactions not classified according to kind.4 Includes fats and oils.5 Includes machinery, transportation equipment, chemicals, metals, and other manufactures. Export data for these items include
military grant-aid shipments through 1977 and exclude them thereafter.6 Total arrivals of imported goods other than intransit shipments.7 C.i.f. (cost, insurance, and freight) import value at first port of entry into United States. Data for 1967-73 are estimates.8 F.a.s. (free alongside ship) value basis at U.S. port of exportation for exports and at foreign port of exportation for imports.
Note.—Data are as reported by the Bureau of the Census adjusted to include silver ore and bullion reported separately prior to 1969.Trade in gold is included beginning 1974. Export statistics cover all merchandise shipped from the U.S. customs area, except suppliesfor the U.S. Armed Forces. Exports include shipments under Agency for International Development and Food for Peace programs as wellas other private relief shipments.
Data for 1980 and 1981 include trade of the U.S. Virgin Islands, except that for 1980 Virgin Islands exports are reflected only in thefigures for domestic and foreign exports combined, total domestic exports, and trade balance.
*Data for 1974-79 for domestic and foreign exports combined, total domestic exports, total general imports, and trade balanceinclude trade of the Virgin Islands.
Source: Department of Commerce (Bureau of the Census and International Trade Administration, Office of Trade Information andAnalysis, Trade Performance Division).
336
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TABLE B-103.—International investment position of the United States at year-end, selected years, 1970-82
[Billions of dollars]
Type of investment 1970
58.6
165.5
14.5
11.1.9
1.9.6
32.1
29.72.5
118.8
75.521.0
13.8
8.5
106.8
26.1
17.71.7
6.7.0
80.7
13.3
22.71.2
34.7
8.8
1972
37.1
199.0
13.2
10.52.0
.5
.2
36.1
34.12.0
149.7
89.927.6
20.7
11.4
161.8
63.2
52.91.6
8.5.2
98.7
14.9
21.21.2
50.7
10.7
1974
58.8
255.7
15.9
11.72.4
1.9.0
38.4
36.32.1
201.5
110.128.2
46.2
17.0
196.9
79.8
58.12.6
18.4.6
117.1
25.1
41.81.7
34.9
13.6
1976
83.8
347.2
18.7
11.62.4
4.4.3
46.0
44.11.9
282.4
136.844.2
81.1
20.3
263.4
104.2
72.68.8
17.25.6
159.1
30.8
53.57.0
54.9
13.0
1978
76.2
447.9
18.7
11.71.6
1.04.4
54.2
52.31.9
375.0
162.753.4
130.8
28.1
371.6
173.0
128.512.7
23.38.5
198.7
42.5
77.78.9
53.6
16.0
1980
120.6
606.7
26.8
11.22.6
2.910.1
63.5
61.91.7
516.4
215.462.5
203.9
34.7
486.1
176.0
118.213.3
30.414.1
310.1
68.4
121.116.174.1
30.4
1981
156.5
716.9
30.1
11.24.1
5.19.8
68.4
67.11.3
618.4
226.463.2
293.0
35.9
560.4
180.9
125.113.3
26.915.6
379.5
90.4
165.318.675.4
29.9
1982
Net international investment position of the United States...
U.S. assets abroad
U.S. official reserve assets
GoldSpecial drawing rights (SDRs)Reserve position in the International Monetary
Fund (IMF)Foreign currency reserves
Other U.S. Government assets..
U.S. loans and other long-term assetsU.S. short-term assets other than reserves
U.S. private assets
Direct investments abroad (book value)Foreign securitiesClaims on foreigners reported by U.S. banks, not
included elsewhereClaims on unaffiliated foreigners reported by
U.S. nonbanks
Foreign assets in the United States..
Foreign official assets
U.S. Government securities1
Other U.S. Government liabilitiesLiabilities reported by U.S. banks, not included
elsewhereOther official assets
Other foreign assets
Direct investments in the United States (bookvalue)
Liabilities reported by U.S. banks, not includedelsewhere
U.S. Treasury securitiesOther U.S. securities2
Liabilities to unaffiliated foreigners reported byU.S. nonbanks
168.6
834.2
34.0
11.15.3
7.310.2
73.9
72.81.2
726.3
221.375.3
402.3
27.3
665.5
189.2
132.513.8
24.918.0
476.3
101.8
229.625.893.3
25.8
1 Includes Treasury and agency issues of securities.2 Corporate and other bonds and corporate stocks.
Source: Department of Commerce, Bureau of Economic Analysis.
337
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-104.— World trade: Exports and imports, 1965, 1970, 1975, and 1979-83
[Billions of U.S. dollars]
Area and country 1965 1970 1975 1979 1980 1981 1982 1983 >
Developed countries3...
United States..CanadaJapan
European Community4
FranceWest Germany....ItalyUnited Kingdom-
Other developed countries
Developing countries
OPEC5.Other..
Communist countries6
U.S.S.REastern Europe..China
TOTAL
Developed countries3
United States....CanadaJapan
European Community4
FranceWest GermanyItalyUnited Kingdom....
Other developed countries..
Developing countries
OPEC5
Other
Communist countries6...
U.S.S.REastern Europe..China
TOTAL.
129.8
27.58.48.5
65.2
10.217.97.2
13.8
20.2
37.0
10.326.7
23.2
8.211.82.0
190.0
136.8
23.28.78.2
70.5
10.417.67.4
16.1
26.3
38.7
6.432.3
22.5
8.011.61.8
198.0
Exports, f.o.b.2
225.8
43.216.719.3
113.5
18.134.213.219.4
33.0
54.1
16.837.3
34.9
12.818.22.2
314.8
582.8
108.134.155.7
299.5
53.190.234.843.4
85.3
209.5
113.496.1
90.5
33.445.3
7.3
882.8
1,081.6
182.058.3
102.3
577.2
100.7171.872.286.4
161.7
454.6
212.8241.8
169.4
64.976.913.5
1,705.6
1,269.7
220.867.7
130.4
665.9
116.0192.977.7
110.1
184.9
584.8
296.4288.4
201.7
76.486.218.9
2,056.2
1,248.9
233.772.7
151.5
612.4
106.4176.175.3
102.2
178.5
583.5
274.7308.8
205.2
79.483.821.5
2,037.6
235.8
42.714.318.9
118.7
19.129.915.021.9
41.2
56.4
9.946.5
34.1
11.718.52.2
326.3
612.5
105.936.257.8
306.6
54.074.938.553.3
106.0
189.3
52.0137.3
100.8
37.151.37.4
902.6
Imports,
1,175.0
222.257.0
109.8
611.1
107.0159.677.999.6
174.8
399.4
98.9300.5
170.3
58.082.615.6
1,744.7
c.i.f.7
1,411.7
257.062.8
141.3
729.1
134.9188.099.7
115.5
221.5
515.8
132.6383.2
200.4
68.591.220.7
2,127.9
1,346.1
273.470.3
142.9
645.3
121.0163.991.1
102.7
214.2
589.5
155.1434.4
200.0
73.287.519.3
2,135.6
1,191.7
212.371.2
138.4
590.0
96.7176.473.597.0
179.7
508.6
208.2300.4
223.1
87.290.123.5
1,923.4
1,272.0
254.958.4
131.5
615.6
115.7155.486.299.6
211.6
544.8
154.9389.9
203.1
77.887.117.9
2,019.9
1,212.6
198.875.3
146.0
604.8
94.7166.473.391.2
187.8
473.7
169.6304.1
236.6
90.998.024.0
1,922.9
1,313.3
268.462.3
123.4
626.4
106.0151.880.7
100.3
232.8
510.6
139.7370.9
216.6
80.295.219.5
2,040.5
1 Preliminary estimates.2 Free-on-board ship value.3 Includes the OECD countries, South Africa, and non-OECD Europe.4 Includes Belgium-Luxembourg, Denmark, Greece, Ireland, and the Netherlands, not shown separately.5 Includes Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and
Venezuela.6 Includes North Korea, Vietnam, Albania, Cuba, Mongolia, and Yugoslavia, not shown separately.7 Cost, insurance, and freight value, except Eastern Europe (except Hungary) and U.S.S.R., which are f.o.b (free on board).
Sources.- International Monetary Fund, Organization for Economic Cooperation and Development, and Council of EconomicAdvisers.
338
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-105.— World trade balance and current account balances, 1965, 1970, 1975, and 1979-83
[Billions of U.S. dollars]
Area and country 1965 1970 1975 1979 1980 1981 1982 1983 l
Developed countries3..
United States..CanadaJapan
European Community4
FranceWest GermanyItalyUnited Kingdom
Other developed countries-
Developing countries
OPEC5
Other
Communist countries6..
U.S.S.REastern Europe..China
TOTAL7..
Developed countries3..
United StatesCanadaJapan
European Community4
FranceWest Germany....ItalyUnited Kingdom..
Other developed countries..
Developing countries
OPEC5
Other
Communist countries9..
U.S.S.REastern EuropeChina
TOTAL..
- 7 . 0
4.3- . 3
.3
- 5 . 3
- . 2.3
_ 2
-2^3
- 6 . 1
- 1 . 63.9
- 5 . 5
.2
.2
.2
- 7 . 9
5.4-1.1
.9
.4- 1 . 6
2.2- . 1
- . 2
World trade balance2
-10.0
.52.4
.4
-5 .2
- 1 . 04.3
- 1 . 8- 2 . 5
- 8 . 2
- 2 . 3
6.9-9 .2
.8
1.1- . 3
.0
-11 .5
-29.7
2.2- 2 . 1- 2 . 1
- 7 . 1
- . 915.3
- 3 . 7- 9 .9
-20.7
20.2
61.4-41.2
-10 .3
-3 .7- 6 . 0
- . 1
-19.8
-93.4
-40.21.3
- 7 . 5
-33.9
- 6 . 312.2
- 5 . 7-13.2
-13.1
55.2
113.9-58.7
- .9
6.9- 5 . 7- 2 . 1
-39 .1
-142.0
-36.24.9
-10.9
-63.2
-18.94.9
-22.0- 5 . 4
-36.6
69.0
163.8-94.8
1.3
7.9- 5 . 0- 1 . 8
-71.7
-97.2
-39.72.48.6
-32.9
-14.612.2
-15.8
-35.7
- 6 . 0
119.6-125.6
5.2
6.2- 3 . 7
2.2
-98.0
-80.3
-42.612.86.9
-25.6
-19.021.0
-12.7-2 .6
-31.9
-36.2
53.3-89.5
20.0
9.43.05.6
-96 .5
Current account balances8
2.3.8
2.0
2.9
.1
.9
.92.0
3.3
18.1-4 .7- . 6
3.4
2.74.0
- . 6
- 3 . 4
-13.0
7.127.3
- 2 0 . 2
-11 .1
- 4 . 6- 6 . 4
- . 1
- . 7
- 2 4 . 7
- . 9- 4 . 1- 8 . 7
- 8 . 6
5.2-6 .2
5.4-1 .2
- 2 . 4
6.2
65.0- 5 8 . 8
- 6 . 5
2.2- 7 . 6- 1 . 1
- 2 5 . 0
- 6 5 . 2
.5- . 9
-10.7
- 3 6 . 5
- 4 . 2-15.9- 9 . 8
7.8
-17.6
8.3111.0
-102.7
-4 .6
1.9- 5 . 5- 1 . 0
-61.5
-31.7
4.5- 4 . 8
5.1
-13 .5
- 4 . 8- 6 . 3- 8 . 413.5
-23.0
13.7
52.0- 3 8 . 3
— .3
- . 1- 3 . 7
3.5
-18 .3
-29.8
-11.52.57.0
- 9 . 5
-12.23.5
- 5 . 6
9.3
-18.3
8.8-16.0-24.8
11.3
4.21.55.6
- 9 . 7
-100.8
-69.712.922.6
-21.6
-11.314.5
- 7 . 4- 9 . 1
- 4 5 . 0
- 3 6 . 8
29.9-66.8
20.0
10.72.84.5
-117.6
- 2 4 . 3
-41.02.5
22.5
3.0
- 5 . 35.31.51.5
-11.3
-31.0
9.2
4.01.24.0
1 Preliminary estimates.2 Exports f.o.b. (free-on-board ship value) less imports c.i.f. (cost, insurance, and freight).3 Includes the OECD countries, South Africa, and non-OECD Europe.4 Includes Belgium-Luxembourg, Denmark, Greece, Ireland, and the Netherlands, not shown separately.5 Includes Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and
Venezuela.6 Includes North Korea, Vietnam, Albania, Cuba, Mongolia, and Yugoslavia, not shown separately.7 Asymmetries arise in global payments aggregations because of discrepancies in coverage, classification, timing, and valuation in the
recording of transactions by the countries involved and because freight charges are attributed to the cost of imports.8 OECD basis.9 Includes only countries listed.
Sources.- International Monetary Fund, Organization for Economic Cooperation and Development, and Council of Economic Advisers.
339
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-106.—International reserves, selected years, 1952-83
[Millions of SDRs; end of period]
Area and country 1952 1962 1972 1979 1980 1981 1982
1983
Novem-ber
All countries....
Industrial countries-
United StatesCanadaAustraliaJapanNew Zealand
AustriaBelgium...Denmark..FinlandFrance
GermanyIcelandIrelandItalyNetherlands-
NorwaySpainSwedenSwitzerlandUnited Kingdom..
Oil-exporting countries....
AlgeriaIndonesia..IranIraqKuwait
LibyaNigeriaOmanQatarSaudi Arabia....
United Arab Emirates-Venezuela
Non-oil developing countries...
AfricaAsiaEuropeMiddle EastWestern Hemisphere..
49,388
38,582
24,7141,944
9201,101
183
1161,133
150132686
9608
318722953
164134504
1,6671,956
1,699
8431417713150
500
443
8,573
1,2023,407
966825
2,173
62,851
52,535
17,2202,5611,1682,021
251
1,0811,753
256237
4,049
6,95832
3594,0681,943
3041,045
8022,9193,308
2,030
18610821119397
96289
268
583
8,172
1,6352,5501,348
9401,699
147,443
110,282
12,1125,5725,656
16,916767
2,5053,564
787664
9,224
21,90878
1,0385,6054,407
1,2204,6181,4536,9615,201
10,071
454531885720335
2,69434614956
2,303
1,595
26,137
3,1686,6406,4282,4067,494
307,149
180,791
15,1702,9441,359
15,667344
3,8325,3292,5141,204
16,212
43,225125
1,69316,1497,301
3,24110,5502,88015,39115,626
56,318
2,2143,09311,682
2,268
4,9024,235445228
14,790
1,1075,958
68,842
4,31123,2327,4007,442
26,457
355,100
211,904
21,4793,1191,603
20,164in
4,8787,3302,7121,501
24,301
41,430138
2,25520,47710,669
4,7839,8132,89315,19016,851
69,508
3,1534,311
370,051
212,693
25,5023,7171,713
25,083580
5,2795,4512,2461,319
21,991
40,892199
2,29019,6319,562
5,4149,7943,30614,92513,757
75,577
3,3704,416
364,202
211,918
29,9183,4286,05322,001
577
5,5444,7572,1111,42017,850
43,909133
2,39015,10710,723
6,2727,4503,39716,93011,904
70,031
2,3912,959
3,169
10,3728,049692286
18,536
1,6005,579
71,850
4,48024,9688,0608,31126,031
3,583
7,8603,371988339
27,855
2,7757,415
75,450
4,20827,4588,1509,00126,632
5,449
6,5251,4861,283382
26,948
2,0376,365
74,388
3,84634,3946,87410,13219,143
400.135
231,194
30,6684,3107,21124,465
702
5,0075,7814,0101,047
22,503
45,420142
2,53421,44411,432
6,3257,2663,942
15,16511,778
75,847
1,8873,578
4,903
5,2801,0321,352
1,9097,791
82,067
4,37140,671
7,2749,206
20,545
Note.—International reserves is comprised of monetary authorities' holdings of gold (at SDR 35 per ounce), special drawing rights(SDRs), reserve positions in the International Monetary Fund, and foreign exchange. Data exclude U.S.S.R., other Eastern Europeancountries, and Cuba (after 1960).
U.S. dollars per SDR (end of period) are: 1952 and 1962-1.00000; 1972-1.08571; 1979-1.31733; 1980-1.27541; 1981-1.6396;1982—1.10311; and November 1983—1.05058.
Source: International Monetary Fund, "International Financial Statistics."
340
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-107.—Growth rates in real gross national product, 1960-83
[Percent change]
Area and country1961-65annualaverage
5.3
4.75.7
10.0
4.9
5.85.05.23.1
5.6
6.5
7.06.3
4.2
5.03.7
- . 2
5.1
1966-70annualaverage
4.6
3.24.8
11.2
4.5
5.44.26.22.5
4.8
6.6
7.86.3
5.0
5.23.78.3
5.2
1971-75annualaverage
3.1
2.65.04.6
2.8
4.02.22.42.1
3.5
7.0
9.06.3
4.1
3.74.75.5
4.0
1976-80annualaverage
3.4
3.73.15.0
3.1
3.33.53.81.6
1.7
5.5
5.05.7
2.6
2.31.95.9
3.4
1979
3.2
2.83.25.1
3.1
3.34.14.91.6
2.5
4.8
4.05.2
1.1
.41.07.0
2.5
1980
1.2
- . 4.5
4.4
1.3
1.11.93.9
- 2 . 0
3.4
5.1
1.86.4
1.6
1.7.0
6.1
1.7
1981
1.5
1.93.83.2
- .4
.2
.2- . 1
- 2 . 0
2.1
1.5
- 1 . 32.5
1.6
2.2_ g4.8
1.6
1982
- 0 . 5
-1 .7- 5 . 0
2.5
.4
1.5- 1 . 2
.5
- .8
1.0
1.1.9
2.1
2.2- . 27.4
.8
1983 *
Developed countries 2
United StatesCanadaJapan
European Community3
FranceWest GermanyItalyUnited Kingdom
Other developed countries
Developing countries
OPEC5
Other
Communist countries6
U.S.S.REastern Europe-China
TOTAL.
2.5
4.83.82.0
1.0
.51.2
- 1 . 52.5
- 1 . 2
3.0
3.61.04.0
1 Preliminary estimates.2 Includes the OECD countries, South Africa, and non-OECD Europe.3 Includes Belgium-Luxembourg, Denmark, Greece, Ireland, and the Netherlands, not shown separately.4 Not available.5 Includes Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and
Venezuela.6 Includes North Korea, Vietnam, Albania, Cuba, Mongolia, and Yugoslavia, not shown separately.
Sources: Department of Commerce, International Monetary Fund, Organization for Economic Cooperation and Development (OECD), andCouncil of Economic Advisers.
341
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-108.—Industrial production and consumer prices, major industrial countries, 1960-83
[1967 = 100]
Year or quarter
19601961196219631964196519661967196819691970197119721973197419751976197719781979
1980198119821983 P
1982:1 . .||IIIIV
1983:IIIIllIVP
I960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983
1982:IIIIll ....IV
1983:1IIIIIIV
UnitedStates Canada Japan
EuropeanCommu-nity1
France WestGermany Italy United
Kingdom
Industrial production2
66.266.772.276.581.789.897.8100.0106.3111.1107.8109.6119.7129.8129.3117.8130.5138.2146.1152.5
147.0151.0138.6147.7
141.8139.4138.2135.3
138.5144.5151.8156.0
63.165.671.275.782.689.796.2100.0106.4113.7115.3121.5130.7144.6149.2140.3148.5152.7157.8167.6
165.1166.6148.8
155.5150.5146.8142.1
149.5153.9160.9
43.051.255.461.771.474.283.8100.0115.2133.4151.8155.7167.0190.5183.1163.9182.0189.7201.1215.3
225.2227.5228.4
230.5227.9228.9226.3
228.2231.7239.0
74.778.181.384.891.094.798.4100.0107.4117.6123.3126.1131.7141.4142.3132.8142.6145.9149.7156.8
155.5152.1149.9
151.8151.5149.5146.7
147.9148.7150.7
70737886909398100104114120128135145148139149152155163
161160158
159159155158
159155159
78.482.886.188.996.6102.1103.0100.0109.2123.2131.1133.6138.7147.7145.1137.1149.1152.0154.1161.8
162.3159.9156.2
161160154152
154157157
59.265.571.978.479.282.893.3100.0106.4110.5117.6117.5122.7134.6140.6127.6143.5145.1147.9157.6
166.5162.7159.1
161.0158.6146.6149.8
149.0145.0144.1
83.984.285.087.895.097.899.3100.0107.6111.3111.8111.2113.2123.3120.8114.4118.1124.2127.8132.8
124.1119.2121.7
120.5121.6122.6122.0
123.6123.0125.3
Consumer prices
88.789.690.691.792.994.597.2100.0104.2109.8
116.3121.3125.3133.1147.7161.2170.5181.5195.4217.4
246.8272.4289.1298.4
283.0287.3292.8293.4
293.2296.9300.5303.1
85.986.787.789.290.993.196.5100.0104.0108.8
112.4115.6121.2130.3144.5160.1172.1185.9202.5221.0
243.5273.9303.5321.0
292.2301.2307.6312.6
314.5318.8324.0326.8
68.371.876.782.585.891.696.3100.0105.3110.9
119.3126.5132.3147.9184.0205.8224.9243.0252.3261.3
282.2296.2304.1
300.3303.4304.8307.5
306.5310.1309.0
77.081.184.587.690.894.297.5100.0103.7108.0
113.3120.3127.6138.3156.4176.7195.2214.7229.9250.7
281.4313.4344.3
333.4342.0347.5353.7
359.5366.6372.6
3 78.03 80.685.489.592.594.897.4100.0104.5111.3
117.1123.5131.1140.7160.0178.9196.1214.5233.9259.1
294.2332.7373.1
359.8371.0376.0383.0
393.2404.4413.1
82.984.887.489.992.095.098.4100.0101.6103.5
107.1112.7119.0127.2136.1144.2150.4155.9160.2166.8
175.9186.3196.2
192.7195.4197.6198.9
199.9201.1203.1
74.175.779.285.190.194.296.4100.0101.4104.1
109.2114.4121.0134.0159.7186.8218.1255.2286.2328.5
398.0472.4549.4
523.7539.6562.7589.1
609.7627.5643.0
79.081.685.186.889.693.997.6100.0104.8110.3
117.4128.5137.7150.2174.3216.5252.4292.4316.6359.0
423.6473.9514.7
500.5516.6518.9522.7
525.3536.1543.0
1 Consists of Belgium-Luxembourg, Denmark, France, Greece, Ireland, Italy, Netherlands, United Kingdom, and West Germany. Industrialproduction prior to July 1981 excludes data for Greece, which joined the EC in 1981.
2 All data exclude construction. Quarterly data are seasonally adjusted.3 Data for 1960 and 1961 are for Paris only.Sources: Department of Commerce (International Trade Administration, Office of Trade Information and Analysis, Trade Performance
Division) and Department of Labor (Bureau of Labor Statistics).
342
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-109.—Civilian unemployment rate, and hourly compensation, major industrialcountries, 1960-83
[Quarterly data seasonally adjusted]
Year or quarterUnitedStates Canada Japan France
WestGermany Italy
UnitedKingdom
Civilian unemployment rate (percent)1
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
1980198119821983
1982:IIIIllIV
1983:IifZIIIIIV
196019611962196319641965196619671968196919701971197219731974
19751976197719781979
198019811982
5.56.75.55.75.2
4.53.83.83.63.5
4.95.95.64.95.6
8.57.77.16.15.8
7.17.69.79.6
8.89.4
10.010.6
10.410.19.48.5
6.56.75.55.24.43.63.43.84.54.45.76.26.25.55.36.97.18.18.47.57.57.6
11.011.9
8.910.512.112.7
12.512.411.711.1
1.71.51.31.31.21.21.41.31.21.11.21.31.41.31.41.92.02.02.32.12.02.22.42.7
2.32.42.42.4
2.72.72.72.6
1.61.41.31.21.31.41.71.82.42.22.42.72.82.72.94.24.65.05.46.16.57.78.7
8.48.78.88.8
8.78.88.8
36.737.739.140.342.042.844.847.050.453.9
57.661.164.469.076.3
85.492.3
100.0108.3118.8
132.7145.8158.2
1.1.6.6.5.4.3.3
1.31.1.6.5.6.7.7
1.63.43.43.53.43.02.94.15.97.3
5.35.76.16.6
7.17.47.57.2
3.22.82.52.12.43.03.33.03.13.12.82.93.43.22.83.23.63.63.73.93.94.34.85.1
5.05.04.64.5
4.95.74.85.0
Hourly compensation (1977 = 100)2
29.729.228.429.230.331.834.436.939.742.747.452.757.662.874.481.796.9
100.099.5
107.3
118.7132.9144.8
6.67.78.89.8
11.012.413.615.317.921.325.430.340.155.067.177.182.3
100.0136.1138.5
144.5157.5143.9
15.216.818.520.322.023.925.327.230.530.932.637.144.758.564.1
88.391.1
100.0124.3149.8
172.2155.9149.5
160.5139.1136.3
2.11.92.73.32.4
2.12.23.23.23.0
3.13.94.23.23.1
4.66.06.36.25.6
7.010.612.3
11.912.112.612.9
13.513.813.6
24.225.927.228.430.2
33.135.836.433.937.042.850.558.264.077.4
96.592.9
100.0125.6162.1
216.0220.4207.8
1 Civilian unemployment rates, approximating U.S. concepts. Data for United Kingdom exclude Northern Ireland. Quarterly data forFrance, West Germany, and United Kingdom should be viewed as less precise indicators of unemployment under U.S. concepts than theannual data. Beginning 1977, changes in the Italian survey resulted in a large increase in persons enumerated as unemployed. However,many also reported tnat they had not actively sought work in the past 30 days. Such persons have been provisionally excluded forcomparability with U.S. concepts; their inclusion would more than double the rates shown for Italy.
2 Hourly compensation in manufacturing, U.S. dollar basis. Data relate to all employed persons (wage and salary earners and the self-employed) in the United States and Canada, and to all employees (wage and salary earners) in the other countries. For France andUnited Kingdom compensation adjusted to include changes in employment taxes that are not compensation to employees, but are laborcosts to employers.
Source: Department of Labor, Bureau of Labor Statistics.
343U.S. GOVERNMENT PRINTING OFFICE : 1984 0 - 424-456 : QL 3
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis