SCB_061967

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

SURVEY OF CURRENT BUSINESS

JUNE 1967 / VOLUME 47 NUMBER

CONTENTS

THE BUSINESS SITUATION

SUMMARY 1

National Income and Product Tables 4

Plant and Equipment Expenditure Anticipations 7

Manufacturers' Inventory and Sales Expectations, Secondand Third Quarters of 1967 11

ARTICLES

U.S. Residents Spent $4 Billionon Foreign Travel Last Year 13

U.S. Balance of Payments in the First Quarter of 1967 17

CURRENT BUSINESS STATISTICS

General S1-S24

Industry S24-S40

Subject Index (Inside Back Cover)

U.S. Department of Commerce

Alexander B. Trowbridge / Secretary

William H. Shaw / Assistant Secretaryfor Economic Affairs

Office of Business Economics

George Jaszi / Director

Morris R. Goldman Louis J. ParadisoAssociate Directors

Murray F. Foss / Editor

Leo V. Barry, Jr. / Statistics Editor

Billy Jo Hurley / Graphics

STAFF CONTRIBUTORS TO THIS ISSUEBusiness Review and Features:

Francis L. HirtDavid R. Hull, Jr.Donald A. KingGenevieve B. WimsattMarie P. Hertzberg

Articles:

Etienne H. MillerWalther LedererEvelyn M. Parrish

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the BUSINESS SITUATION

B,BUSINESS developments in Maywere largely a repetition of those inthe month before: good growth infinal sales but not much change inproduction. The sluggish pace of pro-duction was most evident in manufac-turing where activity fell for the fourth

Plant and Equipment ExpendituresOutlays scheduled to rise in second halfafter first half declineTotal expected to increase 3 percent from 1966 to 1967

Billion $

80

60

40

20

0

40

20

0

60

40

20

0

TOTAL BUSINESS

-

MANUFACTURING

nnr-i pi r-

NONMANUFACTURING

-i --.

—

1962 63 64 65 66 67* 1966 1967*Quarterly, Seasonally

Adjusted at Annual Rates

* Last three quarters are anticipated.Data: OBE-SEC

U.S. Department of Commerce, Office of Business Economics 67-6-1

time in 5 months. It was also reflectedin the demand for labor, which edgeddown as cuts were made in weeklyhours of A\ork and in the number ofpersons employed. Information on finalsales is still spotty, but consumerbuying, after increasing in March andApril, apparently rose again in May, tojudge from the advance report on retailsales. Government purchases are stillmoving ahead at a brisk pace, butbusiness outlays for new plant andequipment are drifting down. If in-vestment expenditures turn out asplanned, they will resume their risethis summer.

It appears that output in the secondquarter will show another reduction ininventory investment but not as muchas in the first. In April, manufacturingand trade firms added only $100 millionto the book value of their inventories.A rise in manufacturing inventories,which reflected mainly increased work-in-process of industries producing de-fense goods and a rise in finished goods,was almost offset by reductions instocks held by wholesalers and retailers.The April advance was the smallestmonthly accumulation so far this year;stocks rose $1 billion in January, $200million in February, and $300 millionin March.

Small rise in payrolls

The growth in personal income, whichslowed a little in the first quarter, hasslackened noticeably this spring. Dur-ing the last 2 months, the increase intotal income was about three-fifths ofthe first quarter rate. Part of theslackening was due to a drop in manu-facturing payrolls, but the rise in non-manufacturing payrolls has also slowed.

In May, personal income rose $2.8billion, at a seasonally adjusted annualrate, with $2.1 billion or three-fourthsof the rise attributable to higher non-payroll incomes. The $0.7 billion ad-vance in wage and salary disbursementswas the same as the April rise. Most ofthe net gain over the month occurredin government as private payrolls wereabout unchanged for the second monthin a row; increases in service and dis-tributive industry payrolls during Mayapproximately offset reductions in man-ufacturing and construction.

Nonpayroll incomes generally showedincreases in May. An advance in pricesreceived by farmers was partly re-sponsible for raising the income of farmproprietors for the first time this year.Transfer payments rebounded after a$0.4 billion decrease in April. Dividendand interest incomes continued to riseat about the same rates as in the earlymonths of 1967.

The slowdown in the growth in in-come, particularly payrolls, is broughtout in the table below, which showsquarterly changes since the secondquarter of 1966. Data for May havebeen used to represent the secondquarter of 1967.

Total personal income

Wages and salaries

GovernmentPrivate

ManufacturingNonmanufacturing-

Change from previous quarter(billions of dollars, seasonallyadjusted at annual rates)

1966

II

8.9

7.4

1.85.6

3.02.6

III

11.7

9.3

2.96.4

2.63.8

IV

13.1

8.3

2.26.1

2. 63.5

1967

I

11.4

6.8

2.44.4

0.44.0

II(May)

7.2

3.1

2.01.1

-0.81.9


SURVEY OF CURRENT BUSINESS June 1967

Employment declinesThe number of employees on non-

agricultural payrolls declined in Mayfor the second month in a row, bringingthe overall drop since March to 165,000persons, after seasonal adjustment.Cutbacks in manufacturing and con-struction employment were substantial;a strike in the rubber industry cut em-ployment sharply, and unseasonableweather was partly responsible for themuch-less-than-seasonal gain in con-struction employment.

Manufacturers are continuing to ad-just their production schedules byreducing employment and weekly hoursof work. Since the January peak, manu-facturing employment has declined by325,000 persons, and two-thirds of thisreduction has occurred since March.Cutbacks this year have been wide-

Divergent Trends in Financing CostsShort-Term interest rates continue to decline butbond yields rise sharply

Percent

7

INTEREST RATES

Prime Commercial Paper(4-6 Months)

s 3-Month Treasury Bills(New Issue)

I I I . . . . . 1 I

BOND YIELDS

Corporate(Moody's Aaa)

State and Local(Moody's Aaa)

1965 1966 1967

Data: FRB, Moody's & Treas.


spread in both durable and nondurablegoods industries.

The reduction in average weeklyhours of work in manufacturing duringMay centered in nondurable goodsindustries.Establishments in construc-tion, mining, and trade also shortenedthe workweek. Every industry divisionexcept contract construction now reportsa decrease in hours since May 1966; forthe total private economy, the reduc-tion since a year ago amounts to 0.7hours.

Despite the lower demand for laborthis spring, the unemployment rate hasnot changed much. The seasonally ad-justed rate for May—3.8 percent—waslittle different from other recent months.Rates for both adult men and womenheld at low levels, but there were in-creases for teenagers, unskilled workers,and nonwhites.

The reason that unemployment hasnot changed significantly in the face ofreduced labor demand is that therehave been sizable withdrawals from thelabor force. Since January, withdrawalsfrom the work force have totaled% million for adult women and 200,000each for adult men and teenagers. Ac-cording to the Labor Department, badweather has held down the entranceof temporary seasonal workers intooutdoor jobs; in addition, an excep-tionally large advance occurred in thefemale labor force in the second halfof 1966, and this was not likely to besustained.

Production continues lower

Industrial production declined fur-ther in May. The Federal Reserve sea-sonally adjusted production index, at155.5 percent of the 1957-59 baseperiod, was 0.3 percent below Apriland 2.2 percent below the Decemberhigh. The output of durable goods heldsteady while production of nondurablegoods declined.

In the steel industry, output ofiron and steel declined slightly in May,seasonally adjusted, although new or-ders placed with steel producers ad-vanced sharply from March to April.Monthly production of raw steel hasheld within a relatively narrow rangeso far this year; through May, outputhas been running some 7 percent below

the comparable period of 1966, whenthe steel industry was operating closeto peak levels.

Since the low point in February, tneproduction of passenger cars has paral-leled the pattern of dealers' sales. Inline with the improvement in new carsales, assemblies in April and May com-bined were 13 percent higher than thefirst quarter average though they werestill 12 percent below the fourth quarterof 1966.

Production schedules for June callfor the building of nearly 780,000passenger cars, well above May, afterseasonal adjustment. Factory shut-downs and vacations for the modelchangeover period are expected tobegin in mid-July, about the sametime as in 1967. According to presentindustry plans, however, plant shut-downs will be shorter than last year,and production of the new models willstart somewhat earlier. This will enablethe industry to turn out a relativelylarge volume of the new models beforethe expiration of the labor contract onSeptember 6.

Consumer spending rises

Sales of new domestically producedpassenger cars, after increasing inMarch and April, were about unchangedin May. The seasonally adjusted annualrate of new car sales held at the 7.9million figure for April, well aboveaverage monthly sales of 7.2 millionunits in the first quarter of 1967. Salesin early June showed an improvementover the May rate. At the end of May,dealer inventories of new cars, about1.3 million units on a seasonally ad-justed basis, were equivalent to 2months of sales; this compares with 2.4months at the end of March 1967 and2.5 months on May 31, 1966.

With auto sales showing some recov-ery from the low first quarter rate andwith other retail sales also higher,consumer spending this quarter shouldshow a large increase over the first.Revised data for April put seasonallyadjusted sales above the March rate,and preliminary figures point to a fur-ther rise in May. The May increasecentered in nondurable goods, despiteunfavorable weather, which has affectedsales of summer clothing.


June, 1967 SUEVEY OF CUEEENT BUSINESS

Money and Credit Markets

So far in 1967, heavy demands forlong-term capital funds have brought arecord volume of new security offerings.With pressures in capital marketsemerging in April and intensifying inMay, bond yields rose. The strongdemand for funds has occurred partlybecause corporations have maintainedtheir fixed investment close to peakrates in the face of reduced flows ofinternally generated funds. The un-expectedly heavy demand for long-termfunds also reflects the return to themarket of borrowers who were forced toborrow short-term funds during lastyear's credit shortage or who chose, likeState and local governments, to deferfinancing until more favorable termsbecame available. Furthermore, the un-usually heavy demands probably reflectanticipation of scarce credit and highercosts in the second half of this year.

While bond yields were climbingsharply during recent weeks, unusuallylarge flows of funds to short-termmarkets helped to continue a pro-

nounced 6-month decline in interestrates. These heavy flows of short-termfunds are in part the product of per-sistent Federal Eeserve efforts to easecredit conditions. In addition, fundshave been channeled to short-termmarkets as a byproduct of the attemptby banks, other financial institutions,corporations, and households to recon-struct liquidity positions that werebadly depleted during last year's severecredit shortages.

Expansive monetary policy

Stimulative monetary policy againprevailed in May as the Federal Ee-serve System continued to provide aliberal supply of reserves to the bankingsystem. At the end of May, seasonallyadjusted total reserves—the base forcredit expansion—were more than $1billion higher than at the close of 1966.With reserves plentiful, member bankborrowing at Eeserve banks declined toan average of $100 million, the lowestlevel since January 1963. Free reservesrose sharply in May to $266 million,

their highest level since April 1963; thisindicator of monetary policy is the dif-ference between borrowings and excessreserves.

Commercial bank credit rose $2.3billion seasonally adjusted last month,continuing the strong expansion inprogress since last November. The en-tire May advance occurred in theinvestment component of bank credit.Since the beginning of the year, com-mercial bank loans have risen $5.9billion or 2.8 percent while investmentshave increased $9.5 billion or 9.3 per-cent. This pronounced expansion in thesecurity holdings of commercial banksreflects the attempt by banks to rebuildliquidity and stands in sharp contrast tothe situation last year, when banks soldsecurities to accommodate loan de-mands.

In the wake of easing credit condi-tions, deposit liabilities of commercialbanks were up sharply. Seasonally ad-justed demand deposits rose $1.3 billionduring the month and time deposits$1.6 billion.

Nonfinancial Corporations: Gross Product and Unit Costs

Gross product originating in non financial corporations

Capital consumption allowancesIndirect business taxes plus transfer payments less subsidies ...Compensation of employees

Wages and salaries . _ _Supplements to wages and salaries

Net interest .-Corporate profits and inventory valuation adjustment

Profits before taxProfits tax liability- ._Profits after tax

Dividends... _ _Undistributed profits

Inventory valuation adjustment

Gross product originating in non financial corporations

Current dollar cost per unit of 1958 dollar gross productoriginating in non financial corporations 2

Capital consumption allowancesIndirect business taxes plus transfer payments less subsidies . _ _Compensation of employees. __ ._Net interestCorporate profits and inventory valuation adjustment

Profits tax liabilitvProfits after tax plus inventory valuation adjustment..

1964 1965 1966

1966

I II III IV

1967

I

Seasonally adjusted at annual rates

Billions of dollars

345.3

32 933.3

218.7197.321.45.2

55.255.624.331.314.616.8-.4

374.6

35.335.8

235.5212.323.25.9

62.163.627.536.116.219.9

-1.5

407.7

37.837.3

259.3231.527.86.5

66.969.029.839.317.821.5-2.1

397.7

36.835.7

251.6224.826.86.3

67.370.130.239.917.722.2

-2.8

404.0

37.536.9

256.6229.127.46.5

66.669.530.039.518.021.5

-2.9

409.8

38.137.7

261.8233.728.16.6

65.668.329.538.817.920.9

-2.8

419.3

38.738.8

267.0238.228.86.7

68.268.229.338.917.521.4

.0

419.2

39.339.2

270.8240.929.96.7

63.364.027.536.518.318.2-.8

Billions of 1958 dollars

329.0 354.5 377.6 373.7 375.0 378.3 383.6 380.3

Dollars

1.050

.100

.101

.665

.016

.168

.074

.094

1.057

.100

.101

.664

.017

.175

.078

.098

1.080

.100

.099

.687

.017

.177

.079

.098

1.064

.098

.096

.673

.017

.180

.081

.099

1.077

.100

.098

.684

.017

.177

.080

.097

1.083

.101

.100

.692

.017

.173

.078

.095

1.093

.101

.101

.696

.017

.178

.076

.101

1.102

.103

.103

.712

.018

.166

.072

.094

1 Excludes gross product originating in the rest of the world.2 This is equal to the deflator for gross product of nonfinancial corporations, with the decimal point shifted two places to

the left.

Source: U.S. Department of Commerce, Office of Business Economics.



NATIONAL INCOME AND PRODUCT TABLES

June 1967

1964 1965 1966

1965

IV

1966

I II III IV

1967

I


Billions of current dollars

1964 1965 1966

1965

IV

1966

I II III IV

1967

I


Billions of 1958 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)

Gross national product- _ _ _

Personal consumption expenditures. _

Dura ole goodsNondurable goodsServices

Gross private domestic investment

Fixed investmentNonresidential

StructuresProducers' durable equipment

Residential structuresNonfarm . _ _ _ _ _ _ _ _Farm

Change in business inventories _Nonfarm _ _ _ _ _ _ _ _ _ _ _ _ _ _Farm

Net exports of goods and services _ _ _ _ . _ExportsImports

Government purchases of goods and servicesFederal

National defenseOther

State and local

Addendum: Implicit price deflator for seasonallyadjusted GNP, 1958 = 100

631.7

401.4

59.4178.9163.1

93.0

88.360.721.039.727.627.0

.64.75.3-.6

8.537.028.5

128.965.250.015.263.7

108.9

681.2

431.5

66. 1190.6174.8

106.6

97.569.724.944.827.827.2

.69.18.1.9

7.039.032.0

136.266.850.116.769.4

110.9

739.6

464.9

69.3206.2189.4

117.0

105.179.327.851.425.825.3

.611.912.2—.3

4.842.737.9

153.076.960 016.976.2

114.2

704.4

445.2

68.0197.0180.2

111.9

101.573.926.847.127.627.0

.510.49.01.4

6.140.334.2

141.269.852 517.371.4

111.6

721.2

455.6

70.3201.9183.4

114.5

105.677.028.548.528.628.0

.58.98.5.5

6.041.735.6

145.071.954.617.473.1

112.6

732.3

460.1

67.1205.6187.4

118.5

106.278.227.950.328.027.4

.612.312.1

2

4.741.937.3

149.074.057 116.975.0

113.8

745.3

469.9

70 2208. 1191.5

115.0

105. 180.327 752.624.824.3

69.9

10.4— 5

4.243 439.2

156 279 062 017 077 2

114.7

759.3

474.1

69.6209.2195.3

120.0

103.581.627.354.421.921.3

.616.417.6

-1.2

4.143.639.5

161.181.765.516.279.4

115.5

763.7

479.9

68.4212.5199.1

109.3

103.781.628.752.922.121.5

.65.66.0

— .4

5.445.640.2

169.187.069 717.282.1

116.3

580.0

373.8

59.1170.5144.2

86.5

81.957.418.938.524.624.0

.54.65.2-.6

8.536.428.0

111.357.8

53.4

614.4

396.2

66.4178.2151.6

97.8

89.064.921.743.224.123.6

.58.88.0.9

6.337.331.0

114.157.8

56.3

647.8

415.5

70.7186. 0158.7

104.7

93.672.123.448.721.521.0

.511.111.4-.3

4.741.136.4

123.264.0

59.1

631.2

406.5

69.2182.5154.8

102.2

91.968.423.245.223.523.0

.510.28.91.3

6.038.732.8

116.659.3

57.3

640.5

412.8

72.2184.1156.5

103.5

95.070.824.346.424.323.8

.58.58.0.4

5.940.134.2

118.360.4

57.9

643.5

412.2

68.5185.8157.9

106.3

94.771.323.647.723.422.9

.511.611.4

2

4.640.335.8

120.461.9

58.5

649.9

418.3

71 6187. 1159.6

102.5

93.573.023.249.820.520.0

.59.19.6

—.5

4.241.837.6

124.965.5

59.4

657.2

418.5

70.6187.1160.8

106.4

91.273.322.750.717.917.4

.515.216.4

-1.2

4.142.037.9

128.367.6

60.7

656.7

422.0

69.6190.1162.3

95.7

90.572.623.748.917.917.4

.55.25.6

-.4

5.343.938.6

133.671.6

62.0

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)

Gross national product

Final salesChange in business inventories

Goods output

Final salesChange in business inventories

Durable goodsFinal salesChange in business inventories

Nondurable goods. . _ _ _ -Final salesChange in business inventories

Services. _ _

Structures _ _ _ _ _ _ _ _ _ _ _

Addendum: Gross auto product _ _

631.7

627 04.7

318.2

313 64 7

125 5122.2

3.3

192.7191 3

1.4

244.5

68.9

25.8

681.2

672. 19.1

344.7

335 79. 1

138 5132 2

6.3

206.3203 5

2.7

262.0

74.5

31.4

739.6

727.711.9

377.2

365.311.9

154 9145.9

9.0

222.4219 5

2.9

285.9

76.6

29.4

704.4

694.010.4

358.8

348 410 4

142 6137 9

4.7

216.2210 5

5.7

268 8

76.9

30.5

721.2

712 38 9

366.0

357 08 9

147 6141 8

5.8

218.4215 2

3.1

275 5

79.8

31.5

732.3

720 012 3

371.6

359 312 3

149 6140 6

9.0

222.0218 7

3.3

282 1

78 6

28.6

745 3

735 49 9

379 6

369 79 9

158 1148 7

9 5

221 4221 0

5

289 9

75 §

27 9

759.3

742.916.4

390.7

374.216.4

163 6151.711.9

227.1222 5

4.6

296.2

72.5

29.4

763.7

758.15.6

385.1

379.55.6

153 4151.4

1.9

231.7228 1

3.7

304.2

74.5

24.9

580.0

575.44.6

307.2

302 64 6

123 1119 9

3.2

184.1182 7

1.4

211 2

61.7

25.4

614.4

605 68.8

328.5

319 78 8

135 5129 4

6.1

193.0190 3

2.7

221 1

64.8

31.4

647.8

636.711.1

351.5

340.411.1

150 8142.4

8.4

200.8198 0

2.7

232.4

64.1

29.9

631.2

621.010.2

341.0

330 710 2

140 3135 7

4.7

200.6195 1

5.6

224.0

66.2

30.7

640.5

632.08.5

344.7

336 28.5

145 4139.9

5.5

199.4196 3

3.0

227.7

68.0

32.2

643.5

631.911.6

346.7

335.111.6

146 0137.6

8.4

200.8197 6

3.2

230.9

66.0

29.1

649.9

640 89. 1

352.8

343 79 1

153 7145 1

8.7

199.0198 6

.4

234 4

62.8

28.5

657. 2

642.015.2

360.9

345.715.2

157.4146.510.9

203.5199.2

4.3

236.6

59.8

29.7

656.7

651.55.2

355.2

350.05.2

147.5145.8

1.7

207.7204.2

3.6

240.5

61.0

25.5

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)

Gross national product

Private . _ _

BusinessNonfarmFarm

Households and institutionsRest of the world

General government

631 7

568 7

547 4527 020 417 34 0

63 0

681 2

613 4

590 8567 123 818 34 3

67 8

739.6

663 4

639 5614 724 819.54 4

76 2

704 4

633 8

611 2586 624 719 13 4

70 6

721 2

648 4

624 9599 325 719 14 4

72 §

732 3

657 6

634 0609 025 019 14 5

74 7

745 3

667 7

643 5619 1

24 419 74 6

77 6

759 3

679 4

655 3631 024 320 04 1

79 9

763 7

681 2

657 0633 0

24 020 43 9

82 5

580 0

530 8

513 3491 222 013 63 9

49 2

614 4

563 5

545 4^21 723 814 04 1

50 9

647 8

593 6

574 9552 322 614 44 3

54 2

631 2

579 4

561 6537 524 114 53 3

51 8

640 5

588 0

569 4546 423 014 34 3

52 5

643 5

589 9

571 4548 422 914 24 3

53 6

649 9

595 1

576 2554 521 714 54 4

54 8

657.2

601.5

582 8560.122 814.64.0

55.8

656.7

599.9

581.3557.124 114.83.8

56.8


June 1967 SURVEY OF CURKENT BUSINESS

1964 1965 1966

1965

IV

1966

I II III IV

1967

I


Billions of dollars

Table 4.—Relation of Gross National Product, National Income,and Personal Income (1.9)

Gross national product -

Less: Capital consumptionallowances

Equals: Net national product- - -

Less: Indirect business taxand nontax liability

Business transfer pay-ments. _ _ _ _ _ _

Statistical discrepancy

Plus: Subsidies less currentsurplus of governmententerprises

Equals: National income

Less: Corporate profits andinventory valuationadjustment

Contributions for socialinsurance

Wage accruals less dis-bursements _ _

Plus: Government transferpayments to persons

Interest paid by govern-ment (net) and byconsumers. _ _

DividendsBusiness transfer pay-

ments.

Equals: Personal income

631.7

56.0

575.7

58.5

2.5-1.4

1.3

517.3

66.6

28.0

.0

34.2

19.117.3

2.5

496.0

681.2

59.6

621.6

62.7

2.6-1.6

1.0

559.0

74.2

29.2

.0

37.1

20.619.2

2.6

535.1

739.6

63 1

676.5

65.5

2.6< 2

1.4

610.1

80.2

37 8

. 0

41.9

22.820 9

2.6

580.4

704.4

60.8

643.6

63.6

2.6.4

.9

577.8

76.9

29.8

.0

37.9

21.020.2

2.6

552.8

721.2

61.6

659.7

63.0

2.6-.8

.8

595.7

80.0

36 5

.0

40.0

21.920.9

2.6

564.6

732.3

62 7

669.6

64.7

2.6—.9

9

604.1

79 9

37.0

.0

40.1

22.521. 1

2.6

573.5

745.3

63 7

681.6

66.3

2.6.4

1.5

613 8

79.1

38.5

.0

42.3

23.021.1

2.6

585.2

759.3

64 6

694.7

68.1

2.6-.4

2.2

626.7

81.7

39 3

.0

45.3

23.820 7

2.6

598.3

763.7

65.6

698.2

68.7

2.6-2.3

1.6

630.8

76.7

41.5

.0

48.6

24.421.5

2.6

609.7

Table 5.—Gross Corporate Product* (1.14)

Gross corporate product-

Capital consumption allow-ances

Indirect business taxes plustransfer payments less sub-sidies

Income originating in corporatebusiness

Compensation of employees. .Wages and salariesSupplements

Net interest

Corporate profits and in-ventory valuation adjust-ment

Profits before taxProfits tax liabilityProfits after tax

Dividends..Undistributed profits. _ _

Inventory valuation ad-justment

Gross product originatingin financial institutions. .

Gross product originatingin no n financial corpora-tions ...

Capital consumption allow-ances.- __

Indirect business taxes plustransfer payments less sub-sidies--

Income originating in non-financial corporations

Compensation of employees _ _Wages and salariesSupplements ._

Net interest..Corporate profits and in-

ventory valuation adjust-ment

Profits before tax _Profits tax liabilityProfits after tax. _

DividendsUndistributed profits...

Inventory valuation ad-justment

Addenda:Cash flow, gross of dividends:

All corporationsNonfinancial corporations

Cash flow, net of dividends:All corporations . .Nonfinancial corporations

360.9

33.9

34.8

292.3

231.4208.522.9

—2.7

63.664.028.435.616.019.6

— 4

15.6

345.3

32.9

33 3

279.0218.7197.321.4

5.2

55.255.624.331.314.616.8

— . 4

69 564.3

53.549.7

391.2

36 3

37.4

317.5

249.0224.124.8

-2 5

71 072.531.241.317.723.6

— 1 5

16.5

374.6

35.3

35 8

303.5235.5212.323.25.9

62.163.627.536.116 219.9

— 1 5

77 671.4

59 955.2

425.9

38 8

38 9

348.2

273.8244 129.7

—2 5

76 979.033.945.119 425.7

—2 1

18.2

407.7

37 8

37 3

332.7259.3231.527 86 5

66.969.029.839.317 821.5

—2 1

83 877.0

64.559.2

403.9

37 2

37 Q

328 8

256.8231.225.7

—2 4

74 476 232.443 719.024.7

— 1 8

17.2

386.7

36 3

36 3

314.1243.0219.024 06 3

64.966.728 538.217 520.7

— 1 8

80 974.4

61.957.0

415.2

37 7

37.3

340.1

265.9237.228.7

—2 4

76 779 534.145 419.426.0

—2 8

17.5

397.7

36 8

35 7

325 2251.6224.826 86 3

67.370.130.239.917 722.2

—2 8

83 176.7

63 758.9

422.0

38 5

38 5

345.0

271.1241 829.3

—2 5

76 479.334.145.219 525.7

— 2 9

18.0

404.0

37 5

36 9

329.7256.6229 1

27 46 5

66 669.530 039 518 021.5

— 2 9

83 776.9

64 259.0

428.1

39.1

39.4

349.7

276.5246.430.0

-2.5

75.778.533.744.719.525.2

—2.8

18.3

409.8

38.1

37.7

334.0261.8233.728.16.6

65 668.329 538 817 920.9

— 2 8

83 876.9

64 359.0

438.2

39 7

40 5

357.9

281.8251.030.7

—2 5

78 778.733.745.119.225.9

o

18.3

419.3

38 7

38 8

341.8267.0238.228 86 7

68.268.229 338.917 521.4

o

84 877.6

65.660.1

438.4

40.3

40.9

357.3

286.0254.032.0

-2.6

73.874.631.842.820.122. 7

— .8

19.2

419.2

39.3

39.2

340.3270.8240.929.96.7

63. 364.027 536.518 318.2

— 8

83 075.8

63.057.5

1964 1965 1966

1965

IV

1966

I II III IV

1967

I


Billions of dollars

Table 6.—National Income by Type of Income (1.10)

National income

Compensation of employees

Wages and salaries

PrivateMilitaryGovernment civilian

Supplements to wages andsalaries

Employer contributions forsocial insurance

Other labor income _Employer contributions

to private pension andwelfare funds

Other

Proprietors' income

Business and professionalIncome of unincorporated

enterprises ._Inventory valuation adjust-

ment

Farm ._ __

Rental income of persons

Corporate profits and inventoryvaluation adjustment

Profits before tax _

Profits tax liability- ..Profits after tax

DividendsUndistributed profits

Inventory valuation adjust-ment

Net interest

517.3

365.7

333.6

269.311.752.6

32.0

15.4

16.6

13.73.0

51.9

39.9

39.9

.0

12.0

17.7

66.6

67.0

28.438.717.321.3

-.4

15.5

559.0

392.9

358.4

289.112.157.1

34.5

16.0

18.5

15.43.1

55.7

40.7

41.0

-.4

15.1

18.3

74.2

75.7

31.244.519.225.3

-1.5

17.8

610.1

433.3

392 3

314 814 662.8

41 0

20 2

20.8

57.8

41.8

42.2

— . 4

16.0

18.9

80.2

82.3

33.948.420.927.4

-2.1

20.0

577.8

406.5

370.8

298.513.059.3

35.7

16.3

19.4

57.1

41.1

16.0

18.5

76.9

78.7

32.446.320.226.1

-1.8

18.7

595.7

419.6

380.0

305.913.660.4

39 6

19 6

20.0

58.4

41.4

17.0

18.7

80.0

82.7

34.148.720.927.8

-2.8

19.1

604.1

427.9

387 4

311 514.161.8

40.5

19 9

20.6

57.9

41.6

16.3

18.8

79.9

82.8

34.148 721.127.6

—2.9

19.6

613 8

438.3

396 7

318 015 063.7

41 5

20 4

21.1

57 3

41.9

15.4

18 9

79 1

81.9

33.748 221 127.1

-2.8

20.2

626.7

447.5

405 0

323 915 865.2

42 5

20 8

21 7

57.5

42.3

15.2

19.1

81.7

81.8

33.748.120.727.4

.0

21.0

630.8

456.1

411 8

328 416.367.1

44 3

21 8

22.5

57.0

42.2

14.8

19.3

76.7

77.4

31.845.621.524.0

-.8

21.6

Table 7.—National Income by Industry Division (1.11)

AH industries, total

Agriculture, forestry, andfisheries

Mining and constructionManufacturing

Nondurable goodsDurable goods

TransportationC ommunicationElectric, gas, and sanitary

servicesWholesale and retail trade

Finance, insurance, and realestate

ServicesGovernment and government

enterprisesRest of the world _.

517.3

17.732.4

155.161.593.6

21.410.5

11.179.1

57.158.9

70.04.0

559.0

21.034.8

170.465.6

104.8

22.911.2

11.683.6

61.063.0

75.24.3

610.1

22.237.7

188.571.4

117.1

24.812.2

12.489.3

65.568 8

84.44.4

577.8

22.135.9

176.567.5

108.9

23.711.6

11.985.9

62.965.3

78.53.4

595.7

23.237.1

184.469.8

114.7

24.111.7

11.988.0

63.766.4

80.74.4

604.1

22.637.5

186.771.0

115.7

24.712.1

12.288.4

65.067.6

82.74.5

613.8

21.637 9

188.671.5

117 1

24.712.5

12.789.6

66.069.8

85.84.6

626.7

21.538.1

194.273.2

121.0

25.612.5

12.791.1

67.371.4

88.24.1

630.8

21.338.7

191.273.5

117.8

25.612.6

12.792.5

68.572.6

90.93.9

Table 8.—Corporate Profits (Before Tax) and Inventory ValuationAdjustment by Broad Industry Groups (6.12)

All industries, total

Financial institutions

MutualStock

Nonfinancial corporations

M anu f acturingNondurable goodsDurable goods

Transportation, communica-tion, and public utilities

All other industries

66.6

8.4

1 76.7

58.2

32.414.517.9

10.415.4

74.2

8.9

1 87.1

65.3

37.815.722.1

11.116.4

80.2

10.0

70.2

41.0I7 32<5.8

11.917.2

76.9

9.5

67.5

39.616.423.2

11.516.4

80.0

9.4

70.6

41.917.224.7

11.317.4

79.9

9.8

70.0

40.617.223.4

12.017.4

79.1

10.1

69.0

39.517.022.5

12.217.2

81.7

10.5

71.2

42.017.624.4

12.117.0

76.7

10.6

66.1

38.016.921.1

11.616.5

1. Excludes gross product originating in the rest of the world.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

6 SURVEY OF CURKENT BUSINESS June 1967

1964 1965 1966

1965

IV

1966

I II III IV

1967

I


Billions of dollars

1964 1965 1966

1965

IV I

1966

II III IV

1967

I


Billions of dollars

Table 9.—Personal Income and Its Disposition (2.1) Table 12.—Federal Government Receipts and Expenditures (3.1, 3.2)

Personal income

Wage and salary disburse-ments

Commodity-producingindustriesManufacturing

Distributive industries . .Service industriesGovernment

Proprietors' income. ..Business and professional. _ _Farm.

Rental income of personsDividends... _ -

Transfer payments -.. ..Old-age and survivors

insurance benefitsState unemployment

insurance benefitsVeterans benefits ...Other

Less: Personal contributionsfor social insurance

Less: Personal tax and nontaxpayments

Equals: Disposable personalincome. _

Less: Personal outlays

Personal consumptionexpenditures

Interest paid by con-sumers _ _ _ _

Personal transfer pay-ments to foreigners

Equals: Personal saving

Addendum: Disposable per-sonal income in constant(1958) dollars

496.0

333.6

134.0107.281.254.164.3

16.6

51.939.912.0

17.717.3

34.6

36.8

16.0

2.65.3

12.9

12.5

59.4

436.6

412.1

401.4

10.1

.6

24.5

406.5

535.1

358.4

144.3115.586.758.169.2

18.5

55.740.715.1

18.319.2

38.4

39.7

18.1

2.25.6

13.8

13.2

66.0

469.1

443.4

431.5

11.3

.6

25.7

430.8

580.4

392.3

158.2127.293.263.577.4

20.8

57.841.816.0

18.920.9

42.8

44.6

21.0

1.86.1

15.7

17.6

75.1

505.3

478.3

464.9

12.7

.6

27.0

451.6

552.8

370.8

148.9119.289.160.572.3

19.4

57.141.116.0

18.520.2

39.7

40.5

18.6

2.05.8

14.1

13.5

66.7

486.1

457.6

445.2

11.8

.6

28.5

443.9

564.6

380.0

153.8123.090.861.374.1

20.0

58.441.417.0

18.720.9

41.0

42.6

19.5

2.05.9

15.2

16.9

69.5

495.1

468.4

455.6

12.1

.6

26.7

448,4

573.5

387.4

157.0126.092.162.575.9

20.6

57.941.616.3

18.821.1

42.1

42.8

19.7

1.66.0

15.4

17.1

73.6

499.9

473.3

460.1

12.5

.7

26.6

447.9

585. 2

396.7

159.6128.693.964.478.8

21.1

57.341.915.4

18.921.1

43.2

44.9

21.2

1.86.1

15.8

18.1

77.4

507.8

483.3

469.9

12.8

.7

24.5

452.2

598.3

405.0

162.3131.295.865.881.0

21.7

57.542.315.2

19.120.7

44.8

48.0

23.5

1.86.3

16.4

18.4

79.8

518.4

488.0

474.1

13.2

.6

30.4

457.6

609.7 Federal Government receipts. _ _

Personal tax and nontax re-411.8 ceipts...

Corporate profits tax accruals .163. 4 Indirect business tax and non-131. 6 tax accruals .. _ _ _ __97. 8 Contributions for social insur-67 2 ance .. _83.4

Federal Government expendi-22 5 tures __.

57. o Purchases of goods and serv-42 2 ices14.8

National defense..19 3 Other21.5

Transfer payments.46 0 To persons

To foreigners (net)51.2

Grants-in-aid to State and24 6 local governments

2 l Net interest paid6.5

18. o Subsidies less current surplusof government enterprises..

19. 8 Surplus or deficit (— ),national income andproduct accounts

81.1

115.1

48.626.5

16.2

23.9

118.1

65.2

50.015.2

29.927.82.2

10.4

8.3

4.2

-3.0

124.9

54.229.1

16.8

24.8

123.4

66.8

50.116.7

32.430.32.2

11.2

8.7

4.2

1.6

142.5

61.931.7

15.9

33.0

142.2

76.9

60.016.9

36.534.22.3

14.5

9.6

4.7

.3

126.9

54.730.3

16.7

25.2

127.0

69.8

52.517.3

32.830.81.9

11.6

8.8

4.1

-.2

136.0

57.131.9

15.2

31.7

133.7

71.9

54.617.4

35.432.62.8

13.0

9.3

4.1

2.3

141.0

60.731.9

16.1

32.2

137.1

74.0

57.116.9

34.832.62.2

14.6

9.5

4.2

3.8

145.3

63.931.6

16.2

33.6

145.8

79.0

62.017.0

36.934.52.4

15.3

9.7

4.8

-.5

147.9

65.731.4

16.4

34.3

151.5

81.7

65.516.2

39.137.22.0

15.0

10.0

5.6

-3.6

149.0

66.629.7

16.3

36.4

159.5

87.0

69.717.2

42.340.02.3

15.0

10.2

5.1

-10.5

528 5 Table 13. — State and Local Government Receipts and Expenditures(3.3, 3.4)

State and local government479.9 receipts

13. 6 Personal tax and nontaxreceipts --

. 6 Corporate profits tax accruals.

34. 4 Indirect business tax andnontax accruals ..

Contributions for socialinsurance

464.9Federal grants-in-aid

69.6

10.81.9

42.3

4.1

10.4

75.3

11.82.0

45.8

4.5

11.2

84.3

13.22.2

49.5

4.8

14.5

77.3

12.12.1

47.0

4.6

11.6

80.1

12.42.2

47.8

4.7

13.0

83.2

12.92.2

48.7

4.8

14.6

85.9

13.52.2

50.0

4.9

15.3

88.0

14.12.2

51.6

5.0

15.0

89.2

14.62.1

52.4

5.1

15.0

Table 10.—Personal Consumption Expenditures by Major Type (2.3)

Table 14.—Sources and Uses of Gross Saving (5.1)uasonne and oil.. _Other

Services.

Housing _Household operationTransportation.,Other

14.138.4

163.1

59.224.311.867.8

15.141.1

174.8

63.225.612.873.3

16.145.0

189.4

67.727.214.080.5

15.742.3

180.2

64.726.313.475.8

15.843.3

183.4

66.026.513.577.5

16.145.0

187.4

67.127.113.979.4

16.145.4

191.5

68.227.614.281.5

16.646.4

195.3

69.527.714.583.5

Table 11. — Foreign Transactions in the National IncomeProduct Accounts (4.1)

Receipts from foreigners

Exports of goods and services. _.

Payments to foreigners

Imports of goods and ser vices. _.

Transfers to foreigners _ _PersonalGovernment

Xet foreign investment

37.0

37.0

37.0

28.5

2 8.6

2.2

5.7

39.0

39.0

39.0

32.0

2 8.6

2.2

4.2

42.7

42.7

42.7

37.9

2.9.6

2.3

1.8

40.3

40.3

40.3

34.2

2.5.6

1.9

3.5

41.7

41.7

41.7

35.6

3.4.6

2.8

2.6

41.9

41.9

41.9

37.3

2.9.7

2.2

1.8

43.4

43.4

43.4

39.2

3.1.7

2.4

1.1

43.6

43.6

43.6

39.5

2.6.6

2.0

1.5

Gross private saving _ _ _199. 1

Personal saving70. 6 Undistributed corporate27'g profits _ -14* 9 Corporate inventory valua-85' s tion adjustment

Corporate capital consump-

Noncorporate capital con-i sumption allowances

and. Wage accruals less disburse-ments

Government surplus or deficit45. 6 (— ), national income and

product accounts45.6

Federal45. 6 State and local

40. 2 Gross investment

2. 9 Gross private domestic6 investment

2 3 Net foreign investment

2 5 Statistical discrepancy

101.4

24.5

21.3

-.4

33.9

22.2

.0

-1.4

-3.01.7

98.7

93.05.7

-1.4

109.1

25.7

25.3

-1.5

36.3

23.3

.0

3.2

1.61.6

110.7

106.64.2

-1.6

115.5

27.0

27.4

-2.1

38.8

24.4

.0

3.5

.33.2

118.8

117.01.8

-.2

113.6

28.5

26.1

-1.8

37.2

23.6

.0

1.4

-.21.6

115.4

111.93.5

.4

113.2

26.7

27.8

-2.8

37.7

23.8

.0

4.7

2.32.4

117.1

114.52.6

-.8

113.9

26.6

27.6

-2.9

38.5

24.2

.0

7.3

3.83.5

120.3

118. 51.8

-.9

112.5

24.5

27.1

-2.8

39.1

24.5

.0

3.3

-.53.8

116.1

115.01.1

.4

122.3

30.4

27.4

.0

39.7

24.9

.0

-.4

-3.63.3

121.5

120.01.5

-.4

123.2

34.4

24.0

-.8

40.3

25.3

.0

-9.1

-10.51.4

111.8

109. 32.5

-2.3


June 1967 SURVEY OF CURRENT BUSINESS

Plant and Equipment Expenditure Anticipations

Plant and Equipment Expenditures

Billion $

30

(ratio scale)

20 - Commercial and Other

\ --•--o

15 -

10

Durable GoodsManufacturing <

\ Nondurable GoodsManufacturing

Public Utilities

Transportationexcl. Railroads \

Railroads

\Mining

1964 1965 1966 1967

Quarterly, Seasonally Adjusted at Annual Rates

o Anticipated

U.S. Department of Commerce, Office of Business Economics

BUSINESSMEN plan to spend $62.4billion 1 on new plant and equipment in1967, an increase of 3 percent, or $1%billion over 1966. Although outlays inthe first quarter declined 2 percentfrom the record fourth quarter rate,they are expected to change little duringthe current quarter and to rise in thelatter half of this year.

The investment anticipations re-ported in late April and May to theDepartment of Commerce and theSecurities and Exchange Commissionindicate some scaling down in the pro-grams reported 3 months ago. For theyear as a whole, the downward revisionamounts to about 1 percent. Firstquarter expenditures, at a $61.6 billionseasonally adjusted annual rate, were$1 billion less than anticipated in theprevious survey; relatively smallerdownward adjustments were reportedfor the remainder of 1967.

Reductions in 1967 capital spendingprograms from those reported 3 monthsearlier were most pronounced in thenonrail transportation and commercial-communications industries. Projectedinvestment by public utility and manu-facturing companies is about the sameas reported earlier, while railroads arenow programing a slightly smaller de-cline for 1967 than before.

Although the reinstatement of theinvestment tax credit was requested bythe President on March 9, 1967, andwas passed by the House of Representa-tives on May 9, it had not yet becomea law when the survey reports were

* The reported figures for anticipations are adjusted forsystematic biases (footnote 2, table 6). Before adjustment,expenditures for 1967 were anticipated to be $60.9 billion forall industries, $27.6 billion for manufacturing, and $33.3 bil-lion for nonmanufacturing. The adjustments were appliedseparately to each major industry; the net effect was to raisethe manufacturing total by $0.30 billion and the nonmanu-facturing total by $1.14 billion.

filed. Its possible effect on current pro-grams is not known.

The survey also indicates that pres-sures on capacity in most manufactur-ing industries have eased appreciably.Furthermore, manufacturers initiated

Manufacturers' Evaluation ofCapacity NeedsPressure on capacity fell in late 1966,and early 1967

Percent of Capital Assets

60MORE PLANT AND EQUIPMENT NEEDED

55

50

45

40

35 * I I I I I I I | I I I I I I

6Q PLANT AND EQUIPMENT ADEQUATE

55

50

45

40 I I I I I I I I | I I I I

PLANT AND EQUIPMENT EXCEEDS NEED

I I I1964

I I I1965

I I I1966

I I I1967

End of Quarter Data, Not Adjusted for Seasonal Variation

Data: OBE-SECU.S. Department of Commerce, Office of Business Economics 67-6-4


8 SURVEY OF CURRENT BUSINESS June 1967

Table 1.—Plant and Equipment Expenditures 1966 and Anticipated 1967

[Billions of dollars, Seasonally adjusted annual rates]

AH industries

ManufacturingDurable goods _ _ . -Nondurable goods

Nonmanufacturing

I

58.00

25.6013.1512.45

32.40

19

II

60. 10

26. 8013.8512 95

33.30

66

III

61.25

27. 5514.3513 20

33.70

IV

62.80

27. 7514.5013 25

35.05

I

61 65

27.8514.2013 70

33.80

19

II i

61 55

27.3014.2013 10

34 25

67

III i

62 80

^8 3514.6013 70

34 50

IV i

63 6

28 114 913 ?

35 5

1 Anticipated.

Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities and Exchange Commission.

fewer new investment projects in theopening quarter of 1967 than in anyother period in the past 2 years, andthe carryover of uncompleted invest-ment projects on March 31 showed aless-than-seasonal rise from the end of1966. Public utility companies, however,sharply increased the volume of newinvestment starts in the opening quarterof 1967, and the March 31 carryover ofuncompleted programs was the higheston record.

Rise projected for second half

Expenditures for new plant andequipment are expected to be $61.5billion in the second quarter, just belowactual expenditures in the first. A 2percent rise is projected for the third

Table 2. —Percent Change in Plant andEquipment Expenditures, 1965-67

All industries !

Manufacturing 1.Durable goods l

Primary metalsMachinery _ -Transportation equip-

ment _Stone, clay, and glass

Nondurable goods 1

Food and beverage .Textile __ -PaperChemicalPetroleum _Rubber.

Mining

Railroad

Transportation, other than rail.

Public utilities

Communication

Commercial and other. .

Actual1965-66

16.7

20.222.714.032.3

18.316.6

17.612.115.234.115.315.824.7

12.9

14.2

22.3

21.1

13.6

8.1

Actual 1966 toanticipated 1967as reported in

February

3.9

3.54.68.6

22.8

-9.0-5.1

2.37.3

-11.62.81.93.7

21.7

8.0

-25.3

14.7

8.8

i 3.0

May

2.9

3.43.64.3

15.6

-3.8-15.6

3.25.4

-14.83.72.67.2

29.7

6.2

-22.6

11.1

8.5

0.5

quarter, and a further 1 percent in-crease for the fourth. If these gains arerealized, expenditures would advance toa record $63.6 billion during the closing3 months of 1967.

Manufacturing, mining, communica-tion, and nonrail transportation com-panies expect to spend more in thesecond half than in the first. Publicutilities, railroad, and commercial com-panies expect reductions.

Manufacturing programs mixed

Manufacturers expect to invest $28billion in new plant and equipment in1967, an increase of $1 billion, or 3%percent, over 1966. Both the durableand the nondurable goods groups planto spend about $% billion more in1967, bringing their outlays to $14%billion and $13 % billion respectively.

Within the durable goods group, thelargest relative increases in spendingfrom 1966 to 1967 are projected by themachinery industries, with both theelectrical and the nonelectrical groups

expecting to spend about one-seventhmore this year than in 1966. However,both groups made sizable reductions in1967 programs from those reported 3months ago. Expenditures are expectedto rise above current rates in the secondhalf. Producers of nonautomotive trans-portation equipment have strengthenedtheir investment programs substantiallyin the past 3 months and are now budg-eting a 7-percent rise for the year.Producers of motor vehicles and stone,clay, and glass products anticipatelarge reductions in outlays from 1966;expenditures in the second half of 1967are expected to be lower than in thefirst half.

Upward revisions in spending pro-grams since the survey 3 months earlierwere widespread in the soft goods in-dustries and largest among the petro-leum and rubber companies. These twoindustries and paper, chemical, andfood-beverage firms are all planninglarger outlays for new plant and equip-ment this year than in 1966. In con-trast to the general movement in thenondurable goods group, paper andchemical companies are now planningto spend less in the second half than inthe first. Textile companies, which hadexpanded capital expenditures verysharply in recent years, are planningsubstantial cutbacks in 1967.

Carryover and startsAt the end of March, expenditures

yet to be made by manufacturers oninvestment projects already underway

Table 3.—Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities l

[Billions of dollars]

1 Includes industries not shown separately.

Sources: U.S. Department of Commerce, Office of BusinessEconomics, and the Securities and Exchange Commission.

Manufacturing

Durable goods 2 _ _Primary metalsElectrical machineryMachinery except electricalTransportation equipmentStone, clay, and glass

Nondurable goods 2 _ _ _ _ _Food and beverageTextile ._ _ _ _Paper.- _ _ _ _ __ChemicalPetroleum

Public utilities

Mar.

10 38

5.612.30.33.53

1.48.33

4.78.42.26.61

1.261.90

6.62

19

June

11 26

5.952.56.37.48

1.63.38

5.31.40.28.78

1.392.10

6.53

64

Sept.

11 88

6.212 59.41.41

1.86.39

5.68.40.28.77

1.612.23

6.09

Dec.

12 63

6.622 74.41.43

2.02.40

6.01.54.29.77

1.592.43

5.65

Mar.

14 73

7.983.05.51.85

2.31.52

6.75.60.37.88

1.742.62

7.64

19

June

15.99

8.893.34.60.77

2.85.53

7.10.63.46.96

1.862.72

7.67

65

Sept.

16.23

8.823.38.63.80

2.73.53

7.41.78.51.97

1.902.80

7.24

Dec.

16 90

9.253.52.66.78

2.91.50

7.66.79.54.99

1.892.90

8.03

Mar.

18 19

10.253.68.89

1.312.88.45

7.94.78.60

1.042.012.93

9.82

IS

June

18. 33

10.523.82.92

1.123.06.48

7.81.77.56.94

2.152.80

10.01

66

Sept.

18.48

10.693.86.94

1.003.18.43

7.79.70.52

1.002.352.59

9.92

Dec.

3 18. 71

11.434.48.97

1.023.12.42

s 7.28.69.52.81

2.2732.38

10.30

1967

Mar.

18.82

11.474.551.081.192.97.34

7.35.68.48.82

2.102.61

13.40

1 Carryover refers to expenditures yet to be incurred onplant and equipment projects already underway.


3 Revised.Sources: U.S. Department of Commerce, Office of Business

Economics, and the Securities and Exchange Commission.


June 1967 SUEVEY OF CUEEENT BUSINESS

totaled $18.8 billion, slightly higherthan in December and about $600 mil-lion higher than a year earlier. The risein carryover over the past year com-prised an increase of $1.2 billion for thedurable goods industries and a declineof $600 million for the nondurables;both groups reported small increases incarryover during the first quarter ofthis year.

Carryover was reduced over the yearending March 31, 1967, for motorvehicles, stone, clay, and glass, and allmajor nondurable goods industries ex-cept chemicals. While definitive sea-sonal adjustment factors are not avail-able, the data suggest that, on a sea-sonally adjusted basis, declines incarryover occurred during the firstquarter in all industries except petro-leum and paper.

Starts of new projects by manufac-turers during the first quarter of 1967totaled $6.2 billion—$1.8 billion lowerthan in the fourth quarter of 1966 and$700 million lower than a year earlier.The decline over the year centered inthe durable goods group, with starts bynondurable goods companies about thesame as a year ago. When rough allow-ance is made for seasonal differences,starts declined from the fourth to thefirst quarter in nearly all manufacturingindustries.

Less pressure on capacityThe latest survey indicated a lessen-

ing of pressures on capacity. Companiesholding 45 percent of total fixed assetsin manufacturing considered their fa-cilities on March 31 to be inadequatefor prospective needs over the next 12months. This percentage was 6 pointsbelow the figure a year earlier and 2points below the ratio for December 31.

The decline from a year earlier in theproportion of capacity considered in-adequate was widespread among manu-facturing industries. For the durablegoods industries, the latest figure was45 percent, as against 52 percent at theend of March 1966. In the nondurablegoods group, the current ratio of 45percent compares with 49 percent a yearago, with all component industriesshowing a decline except petroleum,where there was little change.

The proportion of assets held byfirms reporting facilities in excess ofprospective needs was 5 percent—upfrom 4 percent a year ago. Producersaccounting for 50 percent of fixed assetsin manufacturing felt that their facilitieswere about adequate for current andprospective needs over the next 12

months, as compared with 45 percenta year earlier. Both durable and non-durable goods producers reported anincrease in this category over the year.

Nonmanufacturing investmentNonmanufacturing companies plan to

spend $34.5 billion for construction and

Table 4.—Starts of New Plant and Equipment Projects, Manufacturing and PublicUtilities i


Manufacturing.

Durable goods 2

Primary metalsElectrical machineryMachinery except elec-

tricalTransportation equip-

ment. -Stone, clay, and glass

Nondurable goods 2

Food and beverageTextilePaper _ _ChemicalPetroleum

Public utilities

1964

22.13

10.992.68.76

1.76

2.66.79

11.141.19.84

1.112.524.29

6.41

\nnua

1965

26.73

14.033 381.10

2 55

3.44.87

12.701.491.231.342.904.30

9.32

1966

28.89

16.173 981.50

3 10

3.22.83

12.721.291.111.333.374.01

10.68

I

5.10

2.4850

.16

55

.49

.19

2.61.26.20.1959

1.10

2.34

19

II

5.41

2.65.77.20

36

.63

.22

2.76.24.19.40.60

1.03

1.48

64

III

5.29

2.6358

.20

34

.77

.18

2.68.27.19.23.72.97

1.27

IV

6.33

3.2484

.20

52

.78

.20

3.10.42.26.29.61

1.18

1.32

I

6.64

3.6280

.25

83

.81

.28

3.02.32.28.3471

.98

3.30

19

II

6.73

3.6889

.29

43

1.21.21

3.06.35.32.34.76

1.03

1.75

65

III

5.96

2.8470

.24

58

.56

.20

3.13.47.31.31.67

1.05

1.44

IV

7.39

3.9099

.31

72

.86

.18

3.4936

.33

.35

.761.24

2.83

I

6.89

3.87.76.46

1.14

.59

.14

3.02.30.33.35.73.97

3.38

It

II

6.93

3.7891

.32

.49

.96

.25

3.15.36.28.27.90.95

2.28

m

in

6.99

3.7180

.32

56

.92

.18

3.28.27.24.45.94.92

2.28

IV

37.99

4.811 51.41

90

.76

.26

33.17.36.25.26.81

31.08

2.74

1967

I

6.21

3.1275

.38

88

.47

.12

3.09.32.18.41.54

1.25

4.93

1 Starts are estimated by adding changes in carryover toexpenditures during the given period.


3 Revised.


Table 5.—Manufacturers' Evaluation of Their Capacity

[Percent distribution of gross capital assets] 1

End of month

More plant and equipmentneeded

All manufacturingDurable goods 2 _ -

Primary metalsMetal fabricators 3

Nondurable goods 2

Food and beverageChemicalPetroleum

About adequate

All manufacturing _ -Durable goods 2


Nondurable goods 2


Existing plant and equipmentexceeds needs

AH manufacturingDurable goods 2


Nondurable goods 2


1963

Dec.

4038483142396133

5249315955523867

8132110391

Mar.

3636453135296923

5853336362643077

611226371

(4)

19

June

3836453040327723

5655396457582277

69

1663

101

(4)

64

Sept.

3936433241347724

5656426456562276

58

1543

1011

Dec.

4341444146397928

5151425451502072

68

1453

111

Mar.

4242483943377924

5250385654542076

e8

145391

19

June

4749535145408324

4744324650501670

67

1535

1016

55

Sept.

4953536146448024

4540333750471971

67

1424915

Dec.

4850535146468323

4744334750441673

56

1424

1014

Mar.

5152615149478131

4542254748461867

46

1423712

19

June

5051565249458330

4542304648471668

57

1423812

56

Sept.

5051585249478730

4643284748461269

46

1413711

Dec.

4749545144458822

4844324652471176

57

1434812

1967

Mar.

4545484845428027

5048384951501971

57

143481o

1 According to respondent companies' characterizations oftheir plant and equipment facilities, taking into account theircurrent and prospective sales for the next 12 months.

2 includes industries not shown separately.

3 Includes machinery, transportation equipment, andfabricated metals industries.

4 Less than 0.5 percent.



10 SURVEY OF CUKEENT BUSINESS June 1967

equipment in 1967, 2l/2 percent moremore than in 1966; this compares witha 14-percent rise from 1965 to 1966.Expenditures declined in the openingquarter of this year but are expectedto rise in the remainder of the year.Nonrail transportation, communication,and mining companies anticipate thatspending in the second half of this yearwill be higher than in the first half; overthe same period, public utilities expectlittle change, while railroad and com-mercial companies project declines.

Nonrail transportation constitutesone of the strongest spots in the currentinvestment picture while railroading isone of the weakest. Within the nonrail

group, airlines have programed thelargest increase in outlays from 1966to 1967. Pipelines are also projectinghigher expenditures, but trucking andother transportation firms expect tocut back their outlays. The substantialreduction planned by railroads—22 per-cent—is confined to equipment pur-chases; outlays on roads are projectedat last year's rates.

Electric utility companies have sched-uled a rise in spending of one-sixthfrom 1966 to 1967, but gas companiesexpect their expenditures to be nearly10 percent smaller this year than lastand to decline through 1967. Utilityfirms as a group reported carryover of

uncompleted projects at $13.4 billionat the end of March—up sharply fromboth a year earlier and the end ofDecember 1966. These firms started$4.9 billion of new projects in theopening quarter of this year, up 46percent from the first 3 months of 1966.

Within the commercial group, currentinvestment programs show a generaltendency to retrench on expendituresfor new plant and equipment during1967. Declines from the 1966 total areprogramed by trade, service, and con-struction firms. However, the financegroup is projecting a slight rise for thisyear.

Table 6.—Expenditures for New Plant and Equipment by U.S. Business,1 1965-67


AH industries

Manufacturing industries

Durable goods industriesPrimary iron and steel . _ _Primary nonferrous metalElectrical machinery and equipment. __Machinery, except electricalMotor vehicles and partsTransportation equipment, excluding

notor vehiclesStone, clay, and glassOther durable goods 3

Nondurable goods industriesFood and beverageTextile _Paper _ChemicalPetroleumRubberOther nondurable goods 4

Mining ...

Railroad

Transportation, other than rail

Public utilities

Communication __ _

Commercial and other 5 _ _ _ __

Annual

1965

51.96

22.45

11.401.93.68.85

2.211.98

.58

.782.41

11.051.24.98

1.122.593.82.34.96

1.30

1.73

2.81

6.94

4.94

11.79

1966

60.63

26.99

13.992.17.86

1.192.861.93

1.09.91

2.98

13.001.391.131.502.994.42.42

1.14

1.47

1.98

3.44

8.41

5.62

12.74

19672

62.40

27.91

14.502.30.86

1.363 321.74

1.17.76

2.99

13.421.46.96

1 563.074.74.55

1.07

1.56

1.53

3.82

9.12

Il8.46

Quarterly, unadjusted

1965

I

10.79

4.54

2.25.36.14.1541

.43

.10

.16

.51

2.28.25.20.22.55.79.07.19

.29

.39

.58

1.32

J1.08

12.59

II

12.81

5.47

2.76.44.15.2051

.53

.13

.20

.60

2.70.32.22.26.64.92.09.24

.33

.44

.77

1.71

1.24

2.85

III

13.41

5.73

2.91.50.16.2255

.52

.16

.20

.60

2.82.32.26.30.63.97.09.25

.32

.44

.72

1.88

1.22

3.10

IV

14.95

6.72

3.48.62.22.29

74.50

.18

.21

.71

3.24.34.30.33.77

1.14.09.28

.35

.46

.73

2.04

1.41

3.25

1966

I

12.77

5.61

2.87.42.18.2361

.43

.18

.19

.62

2.74.31.27.30.61.94.08.24

.33

.40

.75

1.60

1.26

2.83

II

15.29

6.78

3.51.54.22.29

69.50

.28

.22

.77

3.27.37.32.37.75

1.08.10.28

.40

.55

1.00

2.09

1.42

3.06

III

15.57

6.84

3.54.56.20.3068

.50

.30

.24

.76

3.30.34.28.39.74

1.12.11.31

.37

.48

.82

2.36

1.36

3.33

IV

17.00

7.75

4.07.65.25.3888

.50

.32

.26

.83

3.68.36.26.45.88

1.28.13.31

.38

.55

.86

2.36

1.58

3.52

1967

I

13.59

6.10

3.08.48.20.27

70.38

.24

.20

.61

3.02.33.21.40.70

1.02.11.24

.32

.41

.70

1.84

1.35

2.87

112

15.62

6.89

3.58.54.21.3382

.45

.28

.20

.75

3.31.39.23.37.78

1.16.13.26

.38

.40

1.09

2.35

U.51

III 2

15.85

7.02

3.61.60.22.32

77.45

.32

.18

.74

3.42.36.24.38.75

1.26.15.28

.41

.38

1.01

2.49

4.54

Quarterly, seasonally adjusted annual rates

1965

I

49.00

20.75

10.401.70.60.70

1 802.10

.45

.75

10.401.10.85

1.052.503.70.35

1.25

1.75

2.55

6.80

| 4.55

[11.30

II

50.35

21.55

10.801.80.60.80

2 001.95

.55

.75

10.701.20.85

1.052.503.75.40

1.30

1.55

2.70

6.85

4.80

11.60

III

52.75

23.00

11.751.95.65.90

2.352.00

.65

.85

11.251.251.051.202.603.80.30

1.25

1.70

3.00

6.75

5.05

11.95

IV

55.35

24.15

12.452.20.80.95

2.601.90

.60

.80

11.701.351.101.202.704.00.30

1.35

1.95

3.00

7.30

5.30

12.25

1966

I

58.00

25.60

13.152.00.80

1.102.702.10

.85

.85

12.451.351.201.352.754.40.35

1.40

1.75

3.30

8.25

5.35

12.35

II

60.10

26.80

13.852.20.90

1.152.701.85

1.15.85

12.951.401.251.503.004.35.45

1.55

2.00

3.50

8.30

5.50

12.45

III

61.25

27.55

14.352.20.80

1.202.901.90

1.25.95

13.201.351.151.503.054.40.40

1.45

1.85

3.40

8.55

5.60

12.85

IV

62.80

27.75

14.502.25.90

1.253.101.90

1.10.95

13.251.40.95

1.603.154.55.45

1.45

2.35

3.50

8.50

5.95

13.30

1967

I

61.65

27.85

14.202.35.90

1.253.151.80

1.10.90

13.701.45.95

1.903.204.65.50

1.40

1.80

3.05

9.20

5.75

12.55

112

61.55

27.30

14.202.25.80

1.353.301.70

1.10.75

13.101.45.90

1.503.054.65.55

1.50

1.50

3.80

9.25

il8.15

III2

62.80

28.35

14.602.40.90

l.£3.251.70

1.30.70

13.701.40.95

1.503.105.05.55

1.65

1.50

4.20

9.20

17.95

1 Data exclude expenditures of agricultural business and outlays charged to current ac-counts.

2 Estimates are based on anticipated capital expenditures reported by business in late Apriland May 1967. The estimates for the second and third quarters of 1967 have been adjustedwhen necessary for systematic tendencies in anticipatory data. The adjustment for eachindustry and time period is based on the median ratio of actual to anticipated expendituresfor the past 5 years. However, no adjustment is made unless the anticipations have showna bias in the same direction in at least 4 of the last 5 years and in at least two-thirds of thelast 9 years.

3 Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneousindustries.

4 Includes apparel, tobacco, leather, and printing-publishing.5 Includes trade, service, finance, and construction.

NOTE.—Details may not add to total because of rounding. Data for earlier years werepublished in the June 1956, March 1958, 1960,1961,1962,1963,1964,1965, and 1966 issues of theSURVEY.

Sources: U.S. Department of Commerce, Office of Business Economics, and the Securitiesand Exchange Commission.


June 1967 SURVEY OF CURRENT BUSINESS 11

Manufacturers' Inventory and Sales ExpectationsSecond and Third Quarters, 1967

MANUFACTURERS reporting to theOffice of Business Economics in Mayexpected that in the second and thirdquarters of 1967 their sales would riseappreciably and quarterly inventoryadditions would be more moderatethan during 1966 and early 1967. Sales

are expected to rise 1% percent thisquarter and 3 percent the next—afterdeclining 1 percent in the first 3 monthsof this year. Producers anticipate thattheir stocks will increase $1% billionfrom March 31 to June 30 and an equalamount from June 30 to September 30.

Manufacturers' Inventory and Sales Expectations• Manufacturers expect sales and inventories to rise in second and third quarters•Percent of inventories judged "high" rose in first quarter

DURABLE GOODS MANUFACTURERS NONDURABLE GOODS MANUFACTURERSBillion $ Billion $ Billion $ Billion $

80

-.5

-1.0

80 3.0

-, - 75 2.5

70 2.0

- 65 1.5

- - 60 1.0

- 55 .5

50 0

— 45 -.5

40 -1.0

Sales(right scale)

Inventory Change(left scale)

\m

1 1 I I I

75

70

65

60

55

50

401961 62 63 64 65 66 67*

Seasonally Adjusted

1961 62 63 64 65 66 67*Seasonally Adjusted

INVENTORY POSITION(End of Quarter)

Percent of Inventories

40

on

0

Percent High l

^1961 62

-

63H(IF

^64 65

-

66 67

Percent of Inventories

40

*2d and 3d quarters are anticipated.

1. Inventories of manufacturers who judged their stocks high as a percent of total manufacturers' inventories.


Inventories rose $1.8 billion in the firstquarter and $2 billion to $3 billion perquarter from March to December 1966.

The increase in the stock-sales ratiothat began early last year is expectedto continue to mid-1967, rising from 1.6in March 1966 to 1.8; the ralio wouldfall somewhat by September of thisyear but would still be higher thanlast September.

Manufacturers holding 31 percent ofproducers' stocks classified their inven-tories as "high" on March 31, doublethe percentage of a year earlier and up3 points from December 31. Sixty-eight percent of stocks were considered"about right/7 as compared with 81percent a year ago; 1 percent was"low" on March 31, as against 4percent a year ago.

Sales rise expectedDurable goods producers expect sales

to rise \% percent from the first to thesecond quarter and an additional 3Kpercent from the second to the third,after seasonal adjustment. The pro-jected gains are almost double the actualrise recorded in the second half of lastyear. Sales fell 2 percent in the firstquarter of this year, largely because ofcurtailed shipments of motor vehiclesand primary metals. Producers of pri-mary metals expect a further declinethis quarter but some pickup in thenext; the transportation equipmentindustry anticipates increases in bothquarters.

Nondurable goods producers pro-jected sales gains of about IK percentfor this quarter and 2 percent for thenext, exceeding the actual rise in eachof the three previous quarters. Most ofthe soft goods industries expect gains.

It is interesting to note that therehas been a significant shift in the rela-tionship between anticipated and actualchanges in manufacturers' sales. Thedata are shown in the table below. In1965 and the first quarter of 1966,actual sales consistently rose more thananticipated in the earliest estimate.Since the second quarter of 1966, how-ever, the reverse has been true, and thedeviations have become progressivelylarger. These sales disappointmentswere an important factor in the largeinventory accumulation that occurred



Quarterly Percent Change in Sales, Actual and Anticipated[Seasonally adjusted]

19651st quarter2d quarter. . _ _ _3d quarter __4th quarter

19661st quarter _ _2d quarter3d quarter4th quarter _ _ _

19671st quarter _

Actual

3.81.61.92.0

3.91.7.7

1.4

—.8

Antici-pated

2.7-.91.51.4

1.22.01.52.8

1.6

in the last three quarters of 1966,especially late in the year.

Inventory additions below 1966Durable goods producers expect to

add $800 million to stocks from March31 to June 30 and $1.1 billion fromJune 30 to September 30. These addi-tions would be slightly lower than thoseof the first quarter this year and wellbelow the $2% billion quarterly rate ofthe second half of last year. Theprimary metals and transportationequipment industries are expected tobe among the major contributors tothe rise this quarter.

Nondurable goods producers expectto increase their inventory holdingsfrom March 31 to June 30 by about$X billion, a quarterly rate comparableto the rates of 1966 and thus far in1967. Third quarter 1967 additions areprojected at $100 million.

If current expectations eventuate,stock-sales ratios will be lower inSeptember than in March. For durablegoods, the ratio was 2.23 months ofsales in March and is projected at2.24 in June and 2.21 in September;the comparable ratios for nondurablesare 1.33, 1.33, and 1.30.Inventory condition on March 31

The percentage of durable goodsmanufacturers' inventories classified as"high" rose from 33 on December 31,1966, to 37 on March 31, 1967. This isthe largest proportion for the "high"category since March 1958. However,the rate of increase has slowed to 4points, as compared with 6 points ineach of the two preceding quarters of1966. The major increases in the"high" proportion in March occurredin the fabricated metals and machineryindustries; primary metals producers

reduced their ratio. Sixty-two percentof durable goods producers' stocks were"about right," and 1 percent was"low."

Among the nondurables, one-fifth ofthe stocks were judged "high"—thelargest proportion since mid-1960. Thisratio, like that of the durables, rosethroughout 1966. Paper, chemicals,

petroleum, and rubber companies re-ported the largest increase in the"high" percentage from December 31to March 31. Almost four-fifths ofnondurable goods producers reportedtheir stocks "about right." The "lows"have been falling at about 1 point perquarter since March 1966 and were 2percent in March of this year.

Table 1.—Manufacturers' Inventories and Sales: Actual and Anticipated


Inventories, end of quarter

Unadjusted

All manufacturingDurables.Nondurables

Seasonally adjusted

All manufacturingDurables.Nondurables

Sales, total for quarter

Unadjusted

All manufacturingDurablesNondurables . _

Seasonally adjusted

All manufacturingDurablesNondurables- _ .

I

64.139.324 8

63.739.024.7

117.061.555.5

117.962.155.8

19

II

65.040.324 7

64.640.024.7

123.365.457.9

119.862.157.7

65

III

65.941.124.8

66.341.325.0

118.560.258.3

122.163.958.2

IV

67.641.825 8

68.042.325 7

124.665.159.4

124.665.159.5

I

70.043.626 5

69.643. 326 4

128.867.661.1

129.568.061.5

19

II

72.445.426 9

71.945.026 9

135.472.163.4

131.768.563.2

66

III

74 447.327 1

74.947.627 3

129.765.863.9

132.668.963.7

IV

77 449.428 0

77.950.027 9

134.570.664.0

134.470.464.0

I

80 251.628 6

79 751.228 5

132 568.464.1

133.368.864.4

1967

II i

81 552.628 9

81 052.029 0

139.173.565.6

135.469.965.5

IIIi

81 852.928 9

82 253.129 1

136. 269.167.1

139.372.367.0

1 Anticipations reported by manufacturers in May 1967. Inventories have been corrected for systematic tendencies inanticipatory data.

Sources: U.S. Department of Commerce. Anticipations, Office of Business Economics; actuals, Bureau of the Census.

Table 2.—Manufacturers' Evaluation of the Condition of Their Inventories 1

[Percentage distribution]

March 31, 1961June 30 1961September 30, 1961. - - - . - - -December 31 1961

March 31 1962June 30, 1962. - - - . . . .September 30 1962December 31, 1962 - .. ..

March 31, 1963 ._ .. - ..June 30, 1963September 30 1963December 31 1963 . . ..

March 31 1964June 30 1964 - -- - -September 30 1964_ _ _ - . . .December 31 1964

March 31 1965 -June 30 1965September 30 1965December 31 1965 - ---

March 31, 1966.June 30 1966September 30 1966 - - - - -December 31 1966

March 31 1967

Total

High

18141010

14141514

15151713

16131413

16161615

15182228

31

Aboutright

81858888

84848384

82838185

82848284

81808182

81787570

68

Low

1122

2222

3222

2343

3433

4432

1

Durables

High

20151110

19171817

17181914

17161515

20202219

18212733

37

Aboutright

79848788

80828182

81808084

81818182

77777678

79757065

62

Low

1122

1111

2212

2343

3323

3432

1

Nondurables

High

161399

89

1111

12101410

149

119

91088

10131418

20

Aboutright

83858889

89898686

85888387

84888487

87858888

85838379

78

Low

1232

3233

3233

2354

4544

5433

2

i Condition of actual inventories relative to sales and unfilled orders position as viewed by reporting companies. Percentdistr


ventory condition


by ETIENNE H. MILLER

UJS. Residents Spent $4 Billion on Foreign Travel Last Year

JNITED STATES residents traveledabroad in record numbers last year andspent over $4 billion, 8 percent morethan in 1965. About $2.7 billion of thetotal covered expenses for travel withinforeign countries, and $0.7 billion wentto foreign sea and air carriers for trans-ocean transportation. Another $0.6 bil-lion was paid as fares to U.S. transoceancarriers.

Nearly 3 million U.S. travelers spent$1.4 billion in countries overseas, whilemillions more spent close to $1.3 billionin the neighboring countries of Canadaand Mexico. As in past years, spendingfor oversea travel was concentrated inEurope and the Mediterranean area,where U.S. travelers spent $920 million,6 percent more than in 1965.

Receipts from foreign visitors in theUnited States totaled nearly $1.8 bil-lion, including about $0.2 billion paid toU.S. steamships and airlines for fares toand from this country. Visitors fromCanada and Mexico spent over $1 bil-lion for travel in the United States, 17percent more than in the precedingyear, and travelers from oversea coun-tries spent $550 million, 10 percentmore than in 1965.

The balance on travel expenditures,about $1.6 billion, was practically un-changed from 1965. This balance meas-ures the difference between U.S. travelexpenditues abroad (including U.S. farepayments to foreign carriers) and U.S.receipts from foreign visitors (includingreceipts by U.S. carriers of fares paidby foreign visitors).

Estimates for the years-1960-66 havebeen revised upward to reflect changesin the method of computing travel ex-penditures and receipts involving-Mexico. The most significant revisionis an increase in receipts from Mexican

residents visiting the U.S. border zone.U.S. payments in the Mexican borderzone were also re-estimated at a some-what higher level, but not enough tooffset the change in receipts. The effectof the revisions on the years before 1960is insignificant.

U.S. Travel Spending

Total spending in Europe and theMediterranean area rose from 1965 to1966 as an increase in the number oftravelers outweighed a drop in percapita spending. About 1,570,000 U.S.residents visited the area, spending anaverage of $583 each, as compared with1,400,000 visitors and average expendi-

Average Expenditure Per Person of U.S.Travelers in the European andMediterrean Area

Dollars

1,100

1,000

900

800

700

600

500 I I I I I I I I I I I I

1955 57 59 61 63 65 67

* New Series

Note.—Excludes transocean transportation


Air Travel

V\s AH Travel

"X

tares of $611 the year before. The de-cline in per capita spending was a con-tinuation of the downtrend that hasbeen in progress since 1956.

With the exception of France, Sweden,Norway, and Belgium, all countries inthe Europe and Mediterranean areareceived more from U.S. travelers thanin 1965. The most notable increase inU.S. travel outlays occurred in theUnited Kingdom, where an 18-percentincrease over 1965 brought receipts fromAmerican visitors to $167 million. In-creases of 33 percent and 20 percent intotal expenditures in Austria and Ire-land, respectively, reflected stronggrowth but on a smaller base. In Italyand Spain, only slight gains in totalspending were recorded. Belgium re-ceived about the same amount in bothyears, although the number of travelerswas slightly less in 1966. More personsvisited France in 1966 than in 1965, butspent nearly $10 million less, at $116million, for an 8-percent decline. Boththe number of visitors and expenditureswere lower in Norway and Sweden.

Canada and Mexico continue to leadthe world in earnings from U.S. trav-elers. U.S. residents spent nearly $680million in Canada during 1966, about13 percent more than in 1965. Ameri-cans visiting Mexico spent about $575million, an increase of 6 percent or $35million.

Over a million Americans visited theWest Indies and Caribbean region,including Central America, in 1966.Together with cruise travelers (who arenot included in the total number ofvisitors), they spent $260 million. Inthe Bahamas, receipts from Americansclimbed about 18 percent over 1965 to$73 million, and receipts in Jamaicawere up 15 percent to $60 million.

13


14 SURVEY OF CUREENT BUSINESS June 1967

Travel to Bermuda rose more thanusual, to $41 million, or 17 percent morethan in 1965.

Total expenditures in other overseaareas rose 10 percent over 1965 as a15-percent increase in the number ofvisitors was partly offset by a decreasein average spending. About three-fourths of all travelers to the Pacificarea visited Japan, spending $62 millionin that country, about 3 percent morethan in 1965. In Hong Kong, which wasvisited by about half of all U.S. visitorsin the Pacific, receipts rose 7 percent toabout $30 million.

Cost of European trips lowerA trip to Europe cost U.S. travelers

an average of $1,070 last year, includ-ing transocean transportation. The totalwas 5 percent lower than the 1965amount, $1,120, and resulted from de-clines in both average transocean farepayments and average outlays in Euro-pean and Mediterranean countries.Transatlantic fares cost each U.S.traveler about $487 last year, $23 lessthan the year before, but accountedfor about the same proportion of thetotal outlay for the trip. More Ameri-cans took advantage of excursion fares

Table 1.—Expenditures for Foreign Travelby U.S. Residents

[Millions of dollars]

1929

1937

1947

1955195619571958

19591960196119621963

19641965 _ _1966

Total'

688

470

716

1,6121,8141,9552,140

2,3802,6232,6502,9293,219

3,3763,7684,047

Payments to foreigncountries

Total '

647

443

628

1,3541,5131,6331,780

1,9902,2632,2922,5142,729

2,8563,1583,412

Ex-pendi-

tures inforeigncoun-tries r

483

348

573

1,1531,2751,3721,460

1,6101,7501,7851,9392,114

2,2112,4382,657

Faresto

foreigncarriers

164

95

55

201238261320

380*513507575615

645720755

Farespaid to

U.S.carriers

41

27

88

258301322360

390*360358415490

520610635

* Begins new series. • Revised.NOTE.—Excludes travel by military personnel and other

Government employees stationed abroad and by their de-pendents and U.S. citizens residing abroad; includes shoreexpenditures of cruise travelers. Passenger fares exclude farespaid by emigrant aliens.

Source: U.S. Department of Commerce, Office of BusinessEconomics.

for limited stays, which helped reduceaverage spending for air travel toEurope by 6 percent to $460 in 1966.In contrast, fewer travelers reachedEurope by sea, but paid about $715each, 8 percent more than a year ago.A larger proportion of the sea travelersappears to have sailed to Mediterraneanports, a longer voyage than to theNorth Atlantic. This probably contri-buted to the higher average spending ofsea travelers, and could be related tothe competition of low-cost air travel,which may affect North Atlantic traf-fic more severely than Mediterraneantraffic.

As in 1965, the popularity of lowerair fares for 14- to 21-day transoceantrips contributed to a declining averageoutlay for lodging, food, and othertravel expenses on the continent. Theaverage duration of the U.S. resident'sEuropean visit was 37 days, 2 less thanin 1965. Per capita spending per dayrose slightly, but the total expenditureper traveler was reduced from the 1965average of $611 to $583. Thus, thereduction in average spending in 1966can be accounted for almost entirely bythe 2-day reduction in length of stay.

U.S. travelers who were born abroadcharacteristically stay for a longerperiod in Europe than native-born U.S.travelers. In 1966, they remained inEurope an average of 46 days and spentabout $10 per day. On the average, theyvisited only two countries in Europe—one of them being the country in whichthey were born. The average native-born American spent about $18 per dayduring a visit of 34 days and visitedfour European countries.

Total outlays within Europe by per-sons reaching the continent by air were$554, or 3 percent lower than in 1965.Air traveleis to Europe tend to makeshorter trips than sea travelers and tospend more per day, but less per trip.Part of the reason for the shorter visitsis the continued availability of lower airfares when the length of stay is between14 and 21 days. Sea travelers spentabout $815 in Europe last year.

Rise in U.S. oversea travelersAn increase of 13 percent raised the

total number of U.S. travelers who

visited oversea areas in 1966 to 2,975,-000. The number of sea travelers, ataboub 220,000, was 7 percent lower thanin 1965, but the number of air travelers,at 2,755,000, was 15 percent higher.Last year, 93 percent of all U.S.travelers crossed the oceans by air, ascompared with 91 percent the yearbefore.

Travel on cruise ships (not includedin the total number of travelers givenabove) dropped from about 333,000 in1965 to about 280,000 last year. Thedecrease in cruise travel was concen-trated among the foreign-flag carriers,who nevertheless carried about 85 percentof all U.S. cruise passengers. U.S.-flag

Table 2.—Expenditures for Foreign Travelby U.S. Residents


Total

Transportation

Foreign-flag carriersU.S. -flag carriers

Expenditures abroad

Canada . -Mexico _- .

Persons visitingMexican borderonly

Oversea areas

Europe and Mediter-ranean

United Kingdom... .France .. -ItalySwitzerland..

GermanyAustriaDenmarkSweden

NorwayNetherlandsBelgium-Luxem-

bourgSpain

PortugalIreland -_ --IsraelGreece

West Indies andCentral America..

BermudaBahamasJamaica-

Other BritishWest Indies-

Netherlands WestIndies

South America

Other oversea areas. -_

JapanHong KongAustralia-New

Zealand.-- -..Other

1962'

2,929

990

575415

1,939

479449

318

1,011

652

11311311844

64211811

1117

928

n.a.152217

178

304838

18

10

55

126

5023

1241

1963 '

3,219

1,105

615490

2,114

522472

320

1,120

755

11912413855

75242113

1321

938

n.a.162526

180

324840

19

10

56

129

5224

1340

1964 r

3,376

1,165

645520

2,211

550490

325

1,171

800

13012714856

79292314

1522

1147

n.a.202526

190

335545

20

12

57

124

5425

1431

1965 r

3,768

1,330

720610

2,438

600540

355

1,298

864

14212515253

79272314

1624

1351

17203131

220

356252

22

14

68

146

6028

1543

1966 '

4,047

1,390

755635

2,657

678575

365

1,404

920

16711615360

86362613

1426

1353

19243534

259

417360

24

12

65

160

6230

1850

r Revised. n.a.—Not available.NOTE.—For coverage, see table 1.Source: U.S. Department of Commerce, Office of Business

Economics.



cruise ships carried almost 5,000 morepassengers than in 1965, and the pro-portion of total cruise passengers carriedin U.S. ships increased to 14 percentfrom only 10 percent in 1965.

Record Outlays by ForeignVisitors Here

U.S. receipts from foreign visitorsreached $1.8 billion last year. Thisrecord total includes close to $200million paid by visitors from overseasto U.S. sea and air carriers for trans-ocean transportation. Canadian andMexican visitors accounted for about65 percent of the nearly $1.6 billion inoutlays for travel within the UnitedStates.

Revised estimates of spending byMexican travelers in this country putthe total at about $435 million for 1966and $390 million for 1965. The originalestimates were $275 million for 1966and $265 million for 1965. The differ-ence between the original and the re-vised estimates lies in receipts in theborder area, which have been recalcu-lated using improved procedures. (Seetechnical note.)

Canadians spent about $585 millionlast year for travel in the United States.About 60 percent of the total, or $340million, represents outlays by Cana-dians traveling by automobile. This

Table 3.—U.S. Travelers to Oversea Coun-tries by Means of Transportation

[Thousands of travelers]

Total

Sea .Air

Europe and Mediterra-nean _

SeaAir .

West Indies and CentralAmerica

SeaAir

South America

SeaAir

Other

SeaAir

1962

1,767

2801 487

931

221710

609

33576

85

877

142

18124

1963

1,990

3181 672

1,102

254848

631

41590

97

592

160

18142

1964

2,220

2771 943

1,250

2231,027

701

35666

107

5102

162

14148

1965

2,623

2372 386

1,405

1841 221

891

37854

127

4123

200

12188

1966

2,975

2202 755

1,570

1751 395

1 050

301 020

130

5125

225

10215

NOTE.—For coverage, see table 1; also excludes cruisetravelers, who numbered about 266,000 in 1962, 322,000 in1963, 295,000 in 1964, 333,000 in 1965, and 283,000 in 1966.

Source: U.S. Department of Commerce, Office of BusinessEconomics, on the basis of data of U.S. Department ofJustice, Immigration and Naturalization Service.

amount includes about $38 million inexpenditures by Canadians on 1-dayvisits, in which they enter and leavethe United States in the course of thesame day.

About 12 percent more travelers fromoverseas visited the United States thanin 1965. The total of 1,360,000 spentabout $550 million in this country, inaddition to the $195 million they paidto U.S. transocean carriers. The growthof pleasure travel kept pace with in-creases in business travel, but totaltravel receipts from oversea visitorsrose relatively less than the volumeof visitors.

About 660,000 foreign visitors arrivedhere from Europe and the Mediterra-nean area, over one-third of them fromthe United Kingdom. Europeans spentabout $215 million here last year, $10million more than a year ago. Britishvisitors, however, spent less than in1965, despite an increase of nearly30,000 in their number. The decline inaverage outlays of British visitors mayhave been partly the result of currencyrestrictions, instituted by the UnitedKingdom in the last half of the year;these restrictions limited British trav-elers to about $140 in U.S. currencyfor a trip.

Visitors from South and CentralAmerica and the West Indies spent$226 million while on visits in theUnited States last year. Of the 517,000travelers from the area, about 82 per-cent came on pleasure trips. Businessvisits, however, recorded a 20-percentrise over 1965, reaching 30,000.

About 185,000 visitors came fromother oversea areas and spent $110million here last year. Those fromJapan, about 50,000 visitors, spentnearly $35 million. Average outlays ofJapanese visitors are relatively large,partly because a large proportion (veryclose to one-half) come for businesspurposes.

Technical Note

Revisions in the travel account withMexico reflect more than a year ofintensive reexamination of the factorsinvolved in border crossings of U.S.and Mexican residents, culminating inan on-the-spot survey of the border

area by members of the staff of theBalance of Payments Division of OBEand the Federal Reserve Bank of SanFrancisco. In addition, helpful consul-tations were held with Mexican Govern-ment officials in Mexico City.

Table 4.—Numbers and Expenditures ofU.S. Residents Traveling in Europe andthe Mediterranean Area, Selected Coun-tries

Europe and Mediterra-nean:

19661965

Sea:19661965

Air:19661965 . . ..

United Kingdom:1966 .1965...

France:1966...1965

Italy:19661965

Switzerland:1966 .1965...

Germany:1966__.1965

Austria:19661965

Denmark:1966-.--1965

Sweden:19661965

Norway:1966..-1965

Belgium-Luxem-bourg:

19661965..-

Netherlands:1966- -1965

Spain:1966 . - _ - -.-1965

Portugal:1966. .1965

Ireland:19661965

Israel:19661965

Greece:19661965

Number oftravelers

(thousands)

1 5701,405

175184

1,3951,221

770668

685671

' 613584

471426

558490

303262

192193

104109

897

194204

301292

245242

148142

132105

123109

154131

Totalexpendi-

tures(millions

ofdollars)

920864

147166

773698

167142

116125

153152

6053

8679

3627

2623

1314

1416

1313

2624

5351

1917

2420

3531

3431

Averageexpendi-

tures(dollars)

583611

814875

554571

217213

170186

248257

128123

153162

118101

134118

130127

158160

6862

8783

212211

131122

191185

279285

218235

NOTE.—For coverage see table 1: includes expendituresbut excludes cruise travelers and their average expenditures.

Source: U.S. Department of Commerce. Office of BusinessEconomics, on the basis of data of U.S. Department ofJustice, Immigration and Naturalization Service.


16 SUEVEY OF CUREENT BUSINESS June 1967

Table A.—U. S. Travel Account with Mexico, 1966, Prelim-inary Data


1. Total dollars received at Mexican border banks

2. U.S. travelers' expenditures in Mexican borderzone

3. Mexican workers' earnings deposited in Mexicanbanks

4. Dollars circulating in Mexico

5. Total dollars sold by Mexican border banks6. Dollars circulating in Mexico7. Dollars purchased by Mexican visitors to the

United States from Mexican border banks (topay for goods and services purchased in borderarea) .. .

8. Pesos received at U.S. border banks9. Total U.S. receipts from Mexican visitors in the

U.S. border zone__- - _ _ -.. . _

535

365

65105

325105

220

120

340

Each year, 100 million border cross-ings are made along the United States-Mexican border by U.S. citizens andaliens. Mexican residents come topurchase a variety of goods and serv-ices, to work (under certain conditions),to visit friends and families, and forrecreation. They may pay for their ex-penses in dollars obtained at Mexicanor U.S. banks or received as wages;they may also pay in pesos. They mayearn, rather than spend, dollars in the

Table 5.—Average Daily Expenditures ofU.S. Residents Traveling in Europe andthe Mediterranean Area, by Kind ofTravel

United States residentsTotal

Sea .Air ...

Native-born residentsTotal

Sea .Air

Foreign-born residentsTotal

SeaAir.... _.

1964

$15. 5412.7916.36

16.8716.1517.71

9.228.639.78

1965

$15. 6712.5016.79

18 2715.1219.37

9.228.219.54

1966

$15. 7511.6316.78

18.4115.1018.69

9.917.84

10.89

NOTE.—For coverage, see table 1; also excludes cruisetravelers and fare payments for transocean transportation.


Table 6.—Average Length of Stay of U.S.Travelers in Europe and the Mediter-ranean Area

[Days]

All travelers, totalSeaAir

U.S. -born travelers, totalSea ...Air

Foreign-born travelers, total...SeaAir.

1963

456738

445536

558842

1964

416736

395935

498041

1965

397034

366332

498442

1966

377033

346032

468538

United States. U.S. residents cross intoMexico for similar reasons, though indifferent proportions. The estimatingprocess includes measures to distinguishthe expenditures and receipts relatedto travel and tourism from those moreclosely identified with the earning ofwages or the completion of commercialtransactions and procedures for treat-ing each type appropriately.

Table A shows the major transactionsestimated to derive the U.S. travelaccount in the Mexican border zonein 1966.

Line 1. Total dollars received at Mexi-can border banks is a gross figure re-ported by Mexican banks in the borderzone to the Mexican Government. Itconsists of three major parts (lines 2,3, and 4).

Line 2. U.S. travelers' expenditures inthe Mexican border zone. This item,which appears in table 2 on page 14,was one of the basic objectives of thenew procedure. It was estimated on thebasis of the number of U.S. citizensreturning from Mexico as reported b;ythe U.S. Immigration and NaturalizationService, average spending data derivedfrom a sample survey, and informationcompiled during the border investiga-gation mentioned above.

Table 7.—U.S. Receipts From Foreign Visi-tors for Travel in the United States andPayments to U.S. Transocean Carriers


Total U.S. receipts fromforeign visitors

Fares to U.S. carriers i _ _Spent by visitors in the

United States

CanadaMexico

Total oversea coun-tries -.

Europe andMediterranean..United King-

dom

West Indies, Cen-tral and SouthAmerica

Other oversea coun-tries

Japan

1962^

1,070

113

957

392296

269

105

37

110

5412

1963'

1,133

118

1,015

372313

330

113

40

147

7020

1964'

1,357

150

1,207

448342

417

170

58

161

8626

1965'

1,545

165

1,380

490390

500

205

71

200

9527

1966'

1,768

195

1,573

586436

551

215

68

226

11034

NOTE.—For coverage, see table 1; also excludes cruisetravelers.


' Revised.i Includes fares paid as part of a visit to and from the United

States only.NOTE.—Includes expenditures of travelers for business and

pleasure, foreigners in transit through the United States,and students; excludes expenditures by foreign governmentpersonnel and foreign businessmen employed in the UnitedStates.


Line 3. Mexican workers1 earningsdeposited in Mexican banks are esti-mated from data compiled during theborder investigation and from otherinformation of the Immigration andNaturalization Service.

Line 4. Dollars circulating in Mexico.Estimates of dollar receipts resultingfrom domestic circulation in Mexicoare a residual, derived by subtractingboth travel spending (line 2) andworkers' earnings (line 3) from the totaldollar receipts of the Mexican banks(line 1).

Line 5. Total dollars sold by Mexicanbanks is a gross figure reported to theMexican Government by Mexican banksin the border zone. It consists of lines 6and 7.

Line 6. Dollars circulating in Mexicoare the same as line 4.

Line 7. Dollars purchased by Mexicanvisitors to the United States from Mexicanborder banks equal line 5 minus 6.

Line 8. Pesos received at U.S. borderbanks. These data, never before avail-able, formed a very important part ofthe new estimating procedure. Pesosaccepted for retail purchases on the U.Sside of the border are now specificallyincluded in the calculation of U.S.border receipts; these transactions area relatively recent phenomenon. Dataon receipts of Mexican pesos by U.S.banks in the border region were collectedover a period of more than 1 year, with

(Continued on page 44)

Table 8.—Foreign Visitors to the UnitedStates From Oversea Countries

[Thousands of travelers]

Oversea countries total :19661965

Europe and Mediter-ranean:

1966. -1965

West Indies, Centraland South America:

19661965

Other oversea areas:19661965

To-tal

1,3601,204

658584

517450

185170

Busi-ness

197176

121112

3025

4639

Pleas-ure

966864

445400

425375

9689

Tran-sit

159130

8566

4637

2827

Stu-dent

3834

76

1613

1515

NOTE.—Excludes visitors from Canada and Mexico; ex-cludes foreign government personnel and foreign businessmenemployed in the United States.

Source: U.S. Department of Justice, Immigration and Nat-uralization Service.


By WALTHER LEDERER and EVELYN M. PARRISH

The Balance oi Paymentsin the First Quarter of 1967

"UR1NG the first quarter, several ofthe major categories of U.S. interna-tional transactions were affected bydevelopments that resulted in signifi-cant changes in either amounts or thedirection of movement. However, inthe aggregate, the effects of thesechanges on the balance measured onthe liquidity basis were largely off-setting. As chart 8 indicates, this is notunusual. Experience over many yearshas shown that cyclical fluctuations inthe balance on goods and services andin the balance on capital flows (otherthan liquid funds) have frequently beenin opposite directions and have beenmuch larger than fluctuations in theliquidity balance. In contrast to therelatively small change in the liquiditybalance, the balance measured on theofficial reserve transactions basis de-teriorated by an exceptionally largeamount in the first quarter.

Major changes

The following major developments inthe first quarter, adjusted for seasonalvariations, affected both balances:

1. The long expansion in merchandiseimports, which lasted about 4 yearsand which greatly accelerated duringthe last 2 years, was interrupted, whilenonmilitary merchandise exports in-creased more rapidly than in previousquarters. The balance on nonmilitarymerchandise trade rose $280 millionfrom the fourth quarter to reach $1billion. This rise was the first majorreversal of a downward movement ofthe trade balance, which had lastedabout 3 years, except for the period ofthe shipping strike at the beginningof 1965.

2. The gain in the balance on non-military trade was augmented by anextraordinary increase of about $130million in deliveries under military salescontracts, a rise that substantially ex-ceeded the $70 million increase in mili-tary expenditures abroad. Net receiptsof investment income, however, werelower. Consequently, the first quarterbalance on all transactions in goods andservices excluding exports under mili-tary grants rose about $250 million,only $30 million less than the balanceon nonmilitary merchandise trade alone.

3. Government grants (excluding mili-tary) and Government capital outflowsnet of scheduled loan repayments andof changes in liabilities other thanmarketable or convertible securitiesincreased about $250 million from thepreceding quarter. Some of the increasewas related to the rise in exports ofgoods and services.

4. The movement of U.S. privatecapital and of foreign capital (excludingforeign holdings of liquid assets and oftime deposits and time deposit certifi-cates with an original maturity of 1

tffr&V u^-.., - \.;v/^'tr^rlL^ ' .

U.S. Balance of International Payments—Cumulative Quarterly Data

Billion $1.0

BALANCE ON LIQUIDITY BASIS BALANCE ON OFFICIAL RESERVETRANSACTIONS BASIS

CHANGE IN U.S. OFFICIALRESERVE ASSETS (decrease-)

Billion $1.0

-2.0

-2.5

-1.5

-2.0

I I IMar. June Sept. Dec.

Seasonally Adjusted


I I IMar. June Sept. Dec.

Seasonally Adjusted

I I I -2.5Mar. June Sept. Dec.

17



year or more) resulted in a $70 milliondecline in the net outflow from the pre-ceding quarter. Within this overallchange, the net outflow of capitalthrough security transactions increased,while there was a decline in the netoutflow of corporate funds (adjustedfor a shift to the first quarter of $300million in tax payments by U.S. oilcompanies to a foreign country; thesehad previously been made in the secondquarter). Claims on foreigners reportedby U.S. banks continued to be liqui-dated, but by a slightly larger amountthan in the preceding quarter.

The changes in the transactions sofar enumerated plus changes in un-recorded transactions had a favorableeffect of about $70 million on the bal-ances. However, the seasonal!}7 ad-justed balance measured on theliquidity basis—which is composed ofchanges in U.S. official reserve assetsand all liquid liabilities to foreign resi-dents and international organizations—deteriorated by about $125 million.The major reason for the difference wasthe change in receipts of nonscheduledrepayments by foreign governments ofloans from the United States. Thesereceipts, which had improved the pre-ceding quarter's balance by about $190million, were absent in the first quarterof this year. Net investments byforeigners (mainly official and inter-

national organizations) in U.S. timedeposits and in time deposit certificateswith an original maturity of 1 year ormore were about $370 million, nearlythe same as in the previous quarter.Many of these investments approach inliquidity those foreign assets in theUnited States that are included amongU.S. liquid liabilities.

The balancesU.S. official reserve assets declined

during the first quarter by $1,027million. Almost all of this decrease wasin holdings of convertible currencies,which had been accumulated over thelast 3 years. The net decline in gold andin the gold tranche position in the IMFwas only $20 million, substantially lessthan the average quarterly decline of$280 million in 1966 and of nearly $400million in 1965.

The decline in U.S. official reserveassets was largely offset by a $700million decline in liquid liabilities toforeign private residents and to inter-national organizations and an $80 mil-lion decline in liquid liabilities toforeign official agencies. Nonliquid lia-bilities to foreign official agencies,however, increased $335 million.

The balance measured on the liquiditybasis was, therefore, adverse by $243million. Adjustments for seasonal varia-tions raise the adverse balance to about$540 million. This compares with a

seasonally adjusted balance of about$420 million in the preceding quarterand $650 million in the first quarterof 1966.

The balance measured on the officialreserve transactions basis—which re-flects the changes in U.S. official reserveassets and in liquid and nonliquid liabili-ties to foreign official agencies only—was adverse by $1,279 million in thefirst quarter. Seasonally adjusted, theadverse balance was about $1,820 mil-lion. This compares with adverse bal-ances of about $20 million in thepreceding quarter and $440 million inthe first quarter of last year. Theextraordinarily large deterioration inthe first quarter reflects shifts of liquidliabilities from foreign private accounts(including accounts of foreign privatebanks and foreign branches of U.S.banks) to foreign official accounts.These shifts partly reversed last year'smovements of liquid dollar liabilitiesfrom foreign official to foreign privateaccounts.

In 1966, liquid dollar liabilities toforeign private accounts increased about$2.9 billion, with more than $900million (after seasonal adjustment)occurring in the last quarter of the year.In the first quarter of 1967, suchliabilities declined by nearly the sameamount (after seasonal adjustment),resulting in a fourth to first quartershift of over $1.8 billion. This change

Table A.—Changes in Foreign Holdings of Long-Term Time Deposits or Certificates of Deposit, Nonscheduled Repayments by ForeignGovernments of U.S. Credits, and Other Special Financial Transactions by U.S. and Foreign Official and International Agencies


Effect on balance measured on—

Lines in tables 1, 2, and 8 in which transactions are includedare indicated in ( )

Investment by foreign official agencies in long-term time depositsor certificates of deposit in U.S. banks (53)..

Investment by international and regional organizations in long-term time deposits or certificates of deposit and nonguaranteedU.S. Government agency bonds, less sales in the United Statesof newly issued securities (53, 52, 34)

Nonscheduled repayments by foreign governments of U.S. Gov-ernment credits (45) . . .

Nonscheduled repayments by Canadian Government of U.S.private credits (35) _

Canadian Government purchases of IBRD bonds from U.S.owners (36)

Postponement of new issues of Canadian securities (34)

Liquidation of U.S. securities other than Treasury issues by UnitedKingdom (Government and private) (52)

Deferral of service on United Kingdom loan (13 and 44)

Liquidity basis

1965

-38

41

221

150

-522

-138

1966

788

319

428

139

23

-150

-101

1966

I

43

86

3

40

-150

-61

II

284

260

7

69

-46

III

88

-24

226

30

23

-19

IV

373

-8

192

25

1967

I

306

5

-23

Official reserve transactions basis

1965

221

150

-522

-138

1966

428

139

23

-150

-101

1966

I

3

40

-150

-61

II

7

69

-46

III

226

30

23

-19

IV

192

25

1967

I

-23


June 1967

approximately equals the deteriorationin the balance measured on the officialreserve transactions basis over thatperiod. In 1966, when foreign fundsshifted from official to private accounts,this balance improved from a 1965deficit of $1.3 billion to a surplus of$225 million.

The movement of liquid dollar lia-bilities from foreign official to foreignprivate accounts and then back againreflected two major developments: (1)the deterioration and subsequent im-provement in the balance of paymentsof the United Kingdom, together withrelated changes in the confidence in theBritish currency and (2) the changes incredit demand and monetary policiesin the United States. Last summerand early fall, these policies led U.S.banks to intensify their efforts to attractdollar deposits through their foreignbranches, but the changed conditionslater in the year and particularly inthe first quarter permitted a substantialreduction in such efforts.

Although the first quarter data forthe official reserve transactions balancesuggest a sharp deterioration in the U.S.balance of payments, the flow of dollarsback to United Kingdom reserves didnot weaken our international financialposition. It was a beneficial develop-ment for us as well as for the UnitedKingdom, because it strengthened con-fidence in the international monetarysystem. The dollars flowing back intoofficial United Kingdom reserves en-abled the British authorities to repur-chase from us sterling that we hadpreviously acquired under swap agree-ments with them.

These swap agreements—which nowinclude $4.5 billion of mutual creditlines between the U.S. Federal ReserveSystem and foreign monetary authori-ities—were set up to provide a defense'against international currency specula-tion. By increasing the resources of theauthorities to meet the demands ontheir reserves, these credit lines dis-courage speculation and thus reduce thedanger of dissipation of official reserves,including dollar holdings by foreignofficial agencies, through transfers toprivate holders for speculative purposes.Such dollar transfers from foreign officialto foreign private holders are considered


undesirable even though, by definition,they appear as an improvement of theofficial reserve transactions balance. Byearly March 1967, all outstanding draw-ings on the Federal Reserve swap net-work—both by foreign authorities andby the Federal Reserve—were repaid,and the $4.5 billion of credit lines wererestored to a standby basis.

Goods and Services

19

First quarter transactions reflectedthe slowdown in domestic businessactivity to some extent, but the fulleffect of this slowdown may be felt insubsequent periods. Transactions werealso affected by the decline in the rateof business expansion abroad, a develop-ment already in evidence during muchof 1966 but intensified in early 1967.

Merchandise imports

Domestic business developments hada major effect on merchandise imports.Purchases of foreign industrial materialscontinued to decline moderately, as theyhad in the preceding quarter. The first

quarter decline was most pronouncedin steel and other metals; imports ofmost other materials were not adverselyaffected. Most of the first quarter de-cline in imports of metals other thansteel may be attributed to an increasein Government stockpile releases, par-ticularly copper. However, this increasefollowed a sharp drop in the precedingquarter.

Imports of machinery stabilized inthe first quarter, interrupting a pro-nounced upward movement that beganin 1964. Machinery imports probablyreflect orders placed several monthsearlier, when the domestic supplysituation for capital equipment wasmuch tighter. The recent shorteningof delivery schedules for domesticallyproduced equipment may result in adecline in such imports in subsequentquarters.

Imports of automotive equipmentremained stable from the fourth tothe first quarter and were about $180million above the first quarter 1966imports. All of this increase came fromCanada and reflects the effects of the

!£$'•"'?•)-'/ '^ ' >-> .'*j^-;^£^

Balances on Goods and Services and on Capital Transactions

Billion $0

3.0 —

2.5 —

2.0 —

1.5 - \

1.0 —

.5 —

Net Exports of Goods and Services(left scale)

i.o

1.5

2.0

2.5

3.0

-3.5

1960 1961 1962 1963 1964

Quarterly, Seasonally Adjusted

1965 1966 1967

* Exclude nonscheduled repayments of U.S. Government credits and long-term liabilities of U.S. banks.



20 SUEVEY OF CURRENT BUSINESS June 1967

Table B.—Sources and Uses of Funds Borrowed Abroad by Domestic Subsidiaries of U.S.Corporations Specially Organized to Finance Direct Investments Abroad


Tables1, 2

and 8,Line

52

54

3340

59

(Credits + , debits -)

Sources of funds:

Transactions in U.S. securities other than Treas-ury issues _ - _ . _ . _ _ . _ _

Long-term liabilities reported by U.S. privateresidents other than banks

Uses of borrowed funds:

Direct investment . _ . _ _Short-term claims reported by U.S. residents other

than banksForeign deposits and money market paper held in

the United States

1965

191

15

-60

-146

1966

599

80

-509

-164

—6

19

III

19

__l

-18

65

IV

172

15

-59

-128

I

183

-52

-125

-6

19

II

296

30

-263

-63

66

III

35

50

-88

3

IV

85

-126

41

1967

I

92

-77

-15

United States-Canadian automotivetrade agreement. Imports of Europeanand Japanese cars were about thesame as a year earlier.

Purchases of other durable consumergoods did not rise as much as in thepreceding quarters. Imports of non-durable consumer goods appear to haveaccelerated, however, and the rise sub-stantially exceeded increases in earlierperiods. Imports of foodstuffs, whichhad remained fairly steady during 1966,advanced about $60 million in the firstquarter. The rise was principally insugar. Since stocks of sugar were quitehigh at the end of the quarter, it seemslikely that such imports will not bemaintained at the first quarter rate.

Merchandise exportsNonmiliary.merchandise exports rose

4 percent from the fourth quarter of1966 to a seasonally adjusted annualrate of $30.8 billion. In 1966, exportstotaled $29.2 billion. Increases occurredin the first and third quarters of 1966and again in the first quarter of 1967,but there were no changes in the inter-vening quarters.

In the first quarter of 1967, nonagri-cultural exports rose over $400 million,seasonally adjusted, while agriculturalexports dropped by over $100 million.The dip in agricultural exports was duemainly to a decline in wheat and islikely to be temporary.

Better supply conditions in theUnited States probably facilitated thefirst quarter rise in some nonagricul-tural exports. After lagging for severalquarters, export sales of machinery

caught up with new orders late lastyear and continued to match expandednew orders in the March quarter. Ship-ments of large commercial airplanes,which had been subject to some delaysbecause of engine shortages in 1966, in-creased over $30 million.

Much of the increase in nonagricul-tural exports went to less developedcountries, primarily in Asia. This risemay have reflected in part an expansionin earnings of those countries, which inturn stemmed from high U.S. mer-chandise imports in 1966 and from in-creasing U.S. military expenditures.It also reflected an increase in shipmentsfinanced by the U.S. Government, partic-ularly to India, Pakistan, and Vietnam.The increase in exports to the UnitedKingdom may have included shipmentsthat were postponed pending the re-moval in November of temporary sur-charges on United Kingdom imports.

In several countries that are majorindustrial markets for U.S. goods—particularly Canada, United Kingdom,and Germany—the rate of economicexpansion slowed further early thisyear, and this may have adverse effectson the level of exports later in the year.Nonagricultural exports to Japan, whereeconomic activity continues to risestrongly, increased moderately from ahigh level in the fourth quarter of 1966.

Other goods and servicesThe exceptional rise in military sales

in the first quarter reflected the deliveryof a major order. Since payments forthese exports had been received earlier,these deliveries reduced U.S. liabilities

associated with military sales contracts;thus, the rise in these exports did notaffect the balance of payments in thefirst quarter. However, military ex-penditures continued to advance, reach-ing an annual rate of nearly $4.2 billion.Expenditures in Japan and the areacomprising other Asia and Africa rosefurther to an annual rate of nearly $2.2billion—about $1.3 billion more thanin 1964, before the military buildup inSoutheast Asia had started.

Net receipts from all private andGovernment income on investment andfrom fees and royalties from direct in-vestment declined about $60 millionin the first quarter, after seasonal ad-justment. Receipts of income fromdirect investment dropped about $85million from the fourth quarter butwere about $60 million higher than ayear earlier. The rise in the firstquarter over a year ago occurred pri-marily in income receipts from in-vestments in oil-exporting countries.Incomes from direct investments incontinental Western Europe and Can-ada did not increase over a yearearlier, although total investments inthese areas had risen substantially.The relatively low level of such incomesmay reflect the adverse effect of theslowdown in business activity in thesecountries on earnings of U.S. affiliates.Incomes from the United Kingdomdropped about 40 percent from a yearago, when income collections were in-creased in anticipation of changes inBritish tax regulations. In part, how-ever, the decline may also reflect lessfavorable business conditions.

Government Grants andCapital Transactions

Outflows of U.S. Government non-military grants and capital, net ofliabilities associated with such transac-tions, rose from a seasonally adjusted$1.3 billion in the fourth quarter to $1.5billion in the first. Increases occurred ineconomic grants to East Asia, especiallyto Vietnam, and in economic loans toIndia and Pakistan. The first quarteroutflows may have been somewhatlarger than the average quarterlyamount that is likely to be maintainedunder current programs.


June 1967 SUKVEY OF CUERENT BUSINESS 21

Increases in Government liabilitiesassociated with military transactionswere about $100 million in the firstquarter, as compared with more than$200 million in the preceding quarter.These liabilities are increased by re-ceipts of advance payments from foreigncountries—including funds they hadobtained through U.S. Governmentloans. Such receipts were about thesame as in the previous quarter. Liabili-ties are reduced by deliveries of goodsand services by U.S. military agencies.As was stated earlier, deliveries wereabout $100 million higher than in theprevious quarter.

Private Capital Transactions

The interruption in the expansion ofdomestic business activity eased condi-tions in domestic capital and moneymarkets substantially. This change con-tributed to the $100 million rise in U.S.purchases of newly issued foreign securi-ties in the first quarter. Most of theincrease was in Canadian issues, someof which may have been postponedwhen capital markets were still tight.Therefore, the first quarter amount mayhave included a temporary bulge insuch transactions. The purchases alsoincluded nearly $40 million of bondsissued by the Inter-American Develop-ment Bank.

Net liquidations of outstandingforeign securities—which started in themiddle of 1963, at the time the InterestEqualization Tax became effective—reached more than $150 million in thethird quarter of 1966, but declinedsharply in the fourth quarter andstopped in the first quarter of 1967.The decline in net liquidations had anadverse effect on the balance ofpayments.

U.S. bank lending in the first quarter,after seasonal adjustment, did not yetreflect the changed situation in thecapital market. The reserve positionof U.S. banks improved considerablyas is indicated by the change of freereserves from —$165 million at theend of December to $232 million atthe end of March. However, commercialbanks were still anxious to rebuildtheir domestic liquidity and added

nearly $7 billion to their security hold-ings, after seasonal adjustment.

Long-term claims on foreigners con-tinued to be liquidated by U.S. banksas they received substantial repaymentson the large volume of long-term loansthat had been made in the latter partof 1964 and early in 1965 and as newlong-term lending was discouraged bythe Interest Equalization Tax.

Short-term claims reported by U.S.banks continued to increase in the firstquarter, but by less than the declinein long-term claims. The increase wasprimarily in claims on Mexico and to alesser extent in those on Japan.

At the end of March, foreign assetsof commercial banks were $365 millionbelow the interim ceiling for that dateestablished by the Federal ReserveBoard under the voluntary program torestrain capital outflows. During thelast three quarters of 1967, the ceilingwill rise $763 million.

U.S. corporate capital outflows—including direct and other invest-ments—declined from about $1,050million in the fourth quarter of lastyear to $840 million in the first quarterof this year, after adjustment forseasonal variations. (The seasonal ad-justment for direct investment capitaloutflows was changed in the firstquarter of 1967 from that used in thecorresponding quarter in earlier years,to reflect a $300 million shift in taxpayments by U.S. oil companies toLibya from the second quarter to thefirst. The opposite adjustment will bemade in the second quarter.) Borrowingabroad through bond issues by domestic

subsidiaries of U.S. corporations special-ly organized to finance direct invest-ments abroad increased from $85 millionto about $90 million (table B). Othercorporate borrowing from foreigners,which was about $130 million in thefourth quarter, rose to about $175million. The net outflow of corporatefunds in the first quarter, therefore, wasabout $570 million, as compared with$830 million in the preceding quarterand a quarterly average of about $710million in 1966.

Capital outflows for direct invest-ments declined $230 million, afterseasonal adjustment. More than half ofthis decline was due to the first quarterreversal of a temporary outflow ofcapital to a Canadian affiliate in thepreceding quarter. Capital outflows toEurope also declined substantially, butthis was from an exceptionally largeamount. In fact, the funds transferredlate last year were probably not utilizedat that time, and thus the need foradditional U.S. capital outflows was re-duced early this year.

The slowdown in foreign business ex-pansion has dampened this year's in-crease in projected plant and equipmentexpenditures by foreign affiliates of U.S.corporations. This was indicated bylast December's survey of anticipatedexpenditures in 1967, the results ofwhich were published in the May1967 SURVEY OF CURRENT BUSINESS.

With some unutilized funds availablefrom the large capital outflows latelast year and from borrowing abroad byU.S. corporations, the relatively small

(Text continued on page 44}

Table C.— Transactions in U.S. Securities Other Than Treasury Issues(increase in foreign assets +)


Total _ .

Securities sold abroad by domestic subsidiaries of U.S. corporationsspecially organized to finance direct investments abroad

Investment by international and regional organizations in nonguar-anteed U.S. Government agency bonds

Liquidation of U.S. securities other than Treasury issues by UnitedKingdom (Government and private)

Other transactionsBonds.,Stocks

1966

909

599

244

— 101

167—51218

I

173

183

73

—61

—22—50

28

19

II

520

296

139

—46

131—24155

66

III

107

35

27

—19

642242

rv

109

85

5

25

-61

— 7

1967

I

112

92

-6

-23

493

46


22 SUKVEY OF CURRENT BUSINESS June 1967

Table 1.—U.S. Internationa1 Transactions[Millions of dollars]

Line

12

3456

789

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60

(Credits +; debits -)

Exports of goods and servicesExcluding transfers under military grants

Merchandise, adjusted, excluding military LTransfers under military sales contracts _Transfers under military grants, netTransportation _ _ _ _ _ _ _

TravelFees and royalties from direct investmentsOther private servicesOther U.S. Government services

Income on U.S. investments abroad:Direct investments 2

Other private assetsU.S. Government assets _ __ _ _ _

Imports of goods and services

Merchandise, adjusted, excluding military l _Military expendituresTransportation.- _ _ _ _ _ _ _

TravelPrivate payments for other servicesU.S. Government payments for other services

Income on foreign investments in the United StatesPrivate payments 2

U.S. Government payments _ _ _ _ _

Balance on good and services (lines 1 and 14) _ _Excluding transfers under military grants (lines 2 and 14)

Unilaternal transfers, net; transfers to foreigners ( — )Excluding military grants

Private remittancesMilitary grants of goods and servicesOther U.S. Government grants 1 ._ _ _ _ _ _U.S. GDvernment pensions and other transfers _

Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and26). 3

Transactions in U.S. private assets, net; increase in assets ( — ) -- -

Direct investments 2 _ _ __Foreign securities newly issued in the United States -- - -RedemptionsOther transactions in foreign securities

Claims reported by U.S. banks: l

Long-termShort-term _ _ __

Claims reported by U.S. residents other than banks: l

Long-termShort-term

Transactions in U.S. Government assets, excluding official reserve assets, net;increase in assets (— ).

Loans and other long-term assets l

Foreign currencies and other short-term assets 1

Repayments on credits:ScheduledNonscheduled

Transactions in U S official reserve assets, net; increase in assets ( — )

Gold <

Gold tranche position in IM!F *

Transactions in foreign assets in the United States, net; increase in foreignassets (U.S. liabilities) (+).

Direct investments 2 - - -U.S. corporate securities _ _ _-Long-term liabilities reported by U S banks

Other liabilities reported by U.S. private residents other than banks:Long-termShort-term

Liabilities of U.S. Government, excluding marketable or convertible securities: 1Associated with specific transactions

U.S. Government marketable or convertible bonds and notes 1

Deposits and money market paper held in the United States l _ _.

Errors and omissions net

1946

14 80414,735

11, 707n.s.s.

691,383

27164

407131

58916221

-6,991

-5, 073—493-459

-462—190-102

-197-15

7,8137,744

-2,991-2,922

—673-69

-2, 27425

4,822

-413

-230-85308

-131

35-314

n.a.4

-3, 019

-3, 343238

> 86

—623

-623

-985

-4-338

(*)

-51

-269

n.a.-370

218

1947

19 83419,737

16, 015n.s.s.

971 738

36477

37170

86916766

-8,208

-5, 979-455-583

-573-195-178

-229-16

11,62611,529

-2,722-2,625

-682-97

-1,897-46

8,904

-987

-749-396

295137

-87-124

2-65

-4,224

-4, 405-113

294

—3, 315

-2, 162

— 1, 153

-1,327

10-100

4

-126

-340

n.a.-895

949

1948

17,23716,789

13, 193n.s.s.

4481,317

33483

422100

1,064174102

-10,349

-7,563-799-646

-631-219-211

-263-17

6.8886,440

-4,973-4,525

-697-448

-3, 89466

1,915

-906

-721-150

62-7

39-135

-1319

-1,024

-1,55588

443

-1,736

-1,530

-206

558

34-192

-4

-10-24

-165

n.a.919

1.193

1949

15,98115,770

12, 149n.s.s.

2111,238

392100364132

1,11218598

-9,621

-6, 879-621-700

-700-153-235

-308-25

6,3606,149

-5,849-5,638

-532-211

-4,997-109

511

-553

-660-118

10342

-29182

-785

-652

-684-173

205

-266

-164

-102

174

5674

(*)

-11-33

-42

n.a.130

786

1950

14,32713,807

10, 117n.s.s.

5201,033

419126387132

1,294190109

-12,028

-9, 108-576-818

-754-153-250

-338-31

2,2991,779

-4,537-4,017

-454-520

-3, 484-79

-2,238

-1,265

-621-254

301-322

-177-112

-43-37

-156

-414-37

295

1,758

1,743

15

1,912

80

(*)

-536

77

941790

-11

1951

20,18318,744

14,123n.s.s.1,4391,556

473129429152

1,492192198

-15,073

-11, 202-1, 270

-974

-757-202-254

-367-47

5,1103,671

-4,954-3,515

-409-1,439-3, 035

-71

156

-1,048

-508-491

11325

-14-75

-70—28

-156

-458-3

305

-33

-53

20

581

90126

(*)

-1135

300

-659700

500

1952

20,57417,992

13, 319n.s.s.2,5821,488

550130471206

1,419205204

-15,766

-10, 838-2, 054-1,115

-840-221-277

-357-64

4,8082,226

-5,113-2,531

-443-2, 582-1,960

-128

-305

-1,160

-852-286

66133

-36-87

-91-7

-420

-847-2

-415

-379

-36

1,673

132371

-444

-158

3021,319

627

1953

21 12316,947

12, 281192

4 1761 198

574128491173

1,442216252

-16,561

-10, 990-2, 615-1, 081

-929-245-240

-375-86

4,562386

-6,657-2,481

-503-4, 176-1,837

-141

-2,095

-383

-735-270

138223

115146

-2121

-218

-71611

487

1,256

1,161

95

1,074

15870

(')

(*)-14

-68

-821,010

366

n.s.s. Not shown separately. P Preliminary. *Less than $500,000(±). i Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5;for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.


June 1967 SUKVEY OF CUKKENT BUSINESS 23

Table 1.—U.S. International Transactions—Continued[Millions of dollars]

1954

21,12117,759

12, 799182

3,3621,171

595136499150

1,725230272

-15,931

-10,354-2,642-1,026

-1,009-258-222

-361-59

5,1901,828

-5, 642-2,280

-504-3, 362-1,647-129

-452

-1,622

-667-309124-21

-102-488

-12-147

93

-306-108

507

480

298

182

1,310

1241411

8-a

(*)

81,053

191

1955

22,39219,804

14, 280200

2,5881,406

654158539123

1,912258274

-17,795

-11,527-•2, 901-1,204

-1,153-304-217

-395-94

4,5972,009

-5, 086-2,498

-456-2, 588-1,901-141

-489

-1,255

-823-128190-42

-226-162

-35-29

-310

-383-343

416

182

41

141

1,357

197181

(*)

12-79

-14

529531

515

1956

26,16223,595

17, 379161

2,5671,617

705229720122

2,171297194

-19,628

-12,804-2, 949-1,408

-1,275-389-235

-414-154

6,5343,967

-4, 990-2, 423

-555-2, 567-1, 733-135

1,544

-3, 071

-1,951-453174

-142

-166-386

-16-131

-629

-545-563

479

-869

-306

-563

2,457

232323_2

4062

-40

-1351,977

568

1957

28,89926,481

19, 390375

2,4181,967

785238772137

2,249363205

-20,752

-13, 291-3, 216-1, 569

-1,372-384-281

-438-201

8,1475,729

-4,763-2,345

-570-2,418-1,616-159

3,384

-3,577

-2, 442-597179-52

-349-256

-40-20

-958

-993-624

659

-1,165

-798

-367

1,132

1552379

294

52

-52639

1,184

1958

25,35323,067

16, 264300

2,2861,638

825246808141

2,121417307

-20,861

-12, 952-3, 435-1,636

-1,460-427-282

-530-139

4,4922,206

-4,647-2,361

-563-2, 286-1,616-182

-155

-2,936

-1,181-955

85-380

-152-351

-4240

-971

-1,176-339

544

2,292

2,275

17

1,259

98(*)

-8

-17106

7

311,042

511

1959

25,46323,489

16, 295302

1,9741,646

902348810143

2,228466349

-23,342

-15,310-3, 107-1,759

-1,610-427-301

-547-281

2,121147

-4,422-2,448

-599-1, 974-1,633-216

-2,301

-2,375

-1,372-624

95-139

-181-57

-77-20

-353

-1,051-356

f 620I 434

1,035

1,075

-40

3,571

238449-1

2312

15

6862,149

423

1960

29,09027,325

19, 489335

1,7651,782

919403894153

2,355646349

-23,324

-14,732-3, 069-1,915

-1,750-482-313

-731-332

5,7664,001

-4, 126-2,361

-483-1, 765-1,664-214

1,640

-3,879

-1, 674-555201

-309

-153-995

-40-354

-1,105

-1,213-528

58353

2,145

1,703

442

2,121

1412826

1-91

26

1261,630

-922

1961

30,09628,631

19, 954402

1,4651,805

947463945174

2,768793380

-23,122

-14, 510-2, 981-1, 943

-1,785-490-406

-729-278

6,9745,509

-4,041-2,576

-487-1,465-1,854-235

2,933

-4, 180

-1', 599-523148

-387

-136-1, 125

-127-431

-926

-1,939-261

578696

606

857— 116-135

2,471

73324-5

55175

85

5131,251

-904

1962

31,88930,350

20,604656

1,5391,964

957580966204

3,044904471

-25,305

-16, 187-3,083-2, 128

-1,939-460-398

-771-339

6,5845,045

-4,236-2,697

-533-1, 539-1,919-245

2,348

-3,425

-1/654-1, 076

203-96

-127-324

-131-220

-1,094.

-2,129-245

599681

1,533

89017626

1,691

1321345

1-115

613251

-7281,398

-1,053

1963

33,90832,426

22, 071657

1,4822,115

1,015660

1,024235

3,1291,022498

-26,573

-16,992-2, 936-2,316

-2, 114-444-447

-924-400

7,3355,853

-4,290-2,808

-629-1,482-1,917-262

3,045

-4, 456

-1, 976-1,250

195-49

-754-781

163-4

-1,664

-2, 187-447

644326

378

461— 113

30

2,982

-528262

-13-23

442—56

1,374919

-285

1964

38,42937,099

25,297747

1,3302,324

1,207756

1,115264

3,6741,265460

-28,637

-18, 621-2, 861-2, 462

-2, 211-491-536

-1,003-452

9,7928,462

-4,112-2,782

-617-1,330-1,886-279

5,680

-6,542

-2,435-1,063

193193

-941-1, 523

-343-623

-1,674

-2,358-19

580123

171

125—220266

3,314

-5-84237

-39113

486—23

392,590

-949

1965

40,77539,147

26, 244844

1,6282,390

1,380924

1,192285

3,9631,413512

-32,203

-21, 472-2, 921-2, 674

-2, 438-427-542

-1,241-488

8,5726,944

-4,452-2,824

-658-1,628-1,800-366

4,120

-3,743

-3, 418-1, 206

222226

-232325

-88428

-1,575

-2, 49316

681221

1,222

1,665—349

Q^

391

57-357203

29149

204_7

4667

-415

1966

44,03643,039

29,168847997

2,589

1,5731,0451,247325

4,0451,605595

-37,937

-25, 510-3, 694-2, 914

-2,657-454-634

-1,525-549

6,0995,102

-3,922-2,925

-647-997

-1,915-363

2,177

-4, 132

-3, 462-1, 210

405323

337-84

-112-329

-1,531

-2,500-265

806428

568

571—540537

3,301

86909976

205269

116—49

-1,5612,350

-383

Line

15

:4,1

*c

1C

11IS1C

14

Itie17

isIS2C

2122

2324

2£26

27282£3C

31

32

33343536

3738

3S40

41

4243

4445

46

474849

50

515253

5455

5657

5859

60

2 Excludes undistributed profits of subsidiaries.3 Numerically equal to net foreign investment in U.S. national income and product accounts.

4 Reflects $259 million payment of gold portion of increased U.S. subscription to the IMFin the second quarter of 1965.




Table 1.—U.S. International Transactions—Continued


Line

19

3456

89

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60

(Credits+; debits-)

Exports of goods and services _ -Excluding transfers under military grants

Merchandise, adjusted, excluding military 1

Transfers under military sales contractsTransfers under military grants, net.Transportation

Travel .. - _Fees and royalties from direct in vestments -.Other private servicesOther U.S. Government services


Other private assets _U.S. Government assets _


Merchandise, adjusted, excluding military !

Military expendituresTransportation.

Travel _Private payments for other services. _ _ _ ._U S Government payments for other services

Income on foreign investments in the United States:Private payments 2

U.S. Government payments

Balance on goods and services (lines 1 and 14)Excluding transfers under military grants (lines 2 and 14)

Unilateral transfers, net; transfers to foreigners (— )Excluding military grants

Private remittancesMilitary grants of goods and servicesOther U.S. Government grants l

U.S Government pensions and other transfers

Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and26).

Transactions in U.S. private assets, net; increase in assets ( — )

Direct investments 2

Foreign securities newly issued in the United States -Redemptions _ _ _ _ _ _ _ _ .Other transactions in foreign securities

Claims reported by U.S. banks: l

Long-termShort-term

Claims reported by U.S. residents other than banks: 'Long-termShort-term. ._ _ __ ._ _ _ _. .

Transactions in U.S. Government assets, excluding official reserve assets, net;increase in assets (— ).

Loans and other long-term assets l

Foreign currencies and other short-term assets '

Repayments on credits:ScheduledNonscheduled . _ _

Transactions in U.S. official reserve assets, net; increase in assets (— ) - -

Gold* _ . . _ _ _.. __ _Convertible currenciesGold tranche position in IMF 4 -



U S. securities other than Treasury issuesLong-term liabilities reported by U.S banks


Liabilities of U.S. Government, excluding marketable or convertible securi-ties: i

Associated with specific transactionsOther nonmarketable nonconvertible medium-term securities

U.S. Government marketable or convertible bonds and notes l

Deposits and money market paper held in the United States l

Errors and omissions, net

I

6,8006,357

4,62358

443424

18384

22436 !

51814760

— 5,768

-3,833— 775-427

-281-107

—64

— 180 j-101

1,032589

—987-544

— 107-443-381

—56

45

—652

-305-296

53—23

12— 104

-213

-230

-238-141

13217

159

50

109

691

40170

1

4—5

-65

124422

-13

19C

II

7,5856,963

5,015122622 !457 !

24590

22136

56415657

— 6,074

-3,860—764-530

—471-110

—70

— 183-86

1,511889

-1,208-586

-119-622-418-49

303

-738

-312-111

55-110

-66-37

-12-145

-390

-353-150

1085

175

94

81

844

59117

1

3-53

54

56607

-194

0

III

6,9486 666

4 69970

282 !463 :

29998

22743

52016087

— 6, 050

-3, 553—797—538

—668-134— 110

— 17377

898616

—871—589

— 119-282-417—53

27

—944

-329-53

47—105

—27—411

-2-64

-145

-234-95

16024

740

638

102

507

5351

-5-6

10

-185634

-185

IV

7,7577 339 '

5 15285

418438

192 113122238

753183145

— 5 432

-3, 486—733—420

—330-131

—69

— 195—68

2,3251,907

— 1,060-642

— 138—418-448

—56

1,265

— 1 545

-728-95

46—71

—72-443

-24-158

-340

-388-142

183

1,071

921

150

79

-11-10

3

-1-27

27

131-33

-530

I

7,2866 962 1

5 02371

324416

188 •101233

42 1

64018464

— 5 319

-3, 401—780—414

—284—109

—88

— 174—69

1 9671,643

—985—661

—119—324-480

—62

982

—1 Oil

-458-107

41-69

82-356

-31-113

-383

-40977

985

371

371-25

25

158

21104

(*)

-377

-1

206-246

-117

196

II

7,6447 101

4 928150543464

26010324443

62119791

— 5 680

-3,461—776—546

—463— 114

—77

— 178—65

1,9641,421

— 1,204—661

— 115-543-486

—60

760

—992

-334-187

29-88

-34-159

-2-217

414

-309-103

192634

-320

-170-161

11

473

31152-1

-379

-32

-94341

-335

1

II

7 0616 814

4 68188

247456

l>99114932

44

64319661

— 6 134

—3 687—701—545

—678—134— 150

— 171—68

927680

—838—591

— 122-247-413

—56

89

—680

-385-91

40-73

-15-13

-45-118

-467

-537-14

786

-213

146124

-483

1,153

— 53

-3

26-13

20

203922

118

IV

8 1057 751

5 32293

351469

''00145*>3645

864216164

— 5 989

—3,961—724—438

—360—133

—91

— 206—76

2 1161,765

— 1,014— 663

— 131-351-475

— 57

1,102

— 1,497

-442-138

38-157

-169-597

-4917

-490

-684-67

21051

768

510-54312

687

2665-1

3532

98

198234

-570

See footnotes on pp. 22 and 23.


June 10C7 SUEVEY OF CURRENT BUSINESS 25

Table 1.—U.S. International Transactions—Continued


I

7,5157,125

5,01596390465

20612124246

64321972

-5,924

-3,941-765-457

-298-112-82

-189-80

1,5911,201

-1,120-730

-125-390-537-68

471

-1,023

-235-170

66-91

-119-254

-66-154

-397

-479-48

1291

427

304-114237

359

41145

(*)

7-23

142

-282329

163

19(

II

8,5727,946

5,463228626493

27914324150

699224126

-6,407

-4, 086-760-598

-509-107-74

-189-84

2,1651,539

-1,284-658

-132-626-467-59

881

-673

-476-312

36-33

-36159

-2312

-446

-507-151

15458

-164

116-324

44

526

776

-1

-16-50

24

-214700

-124

52

III

7,4537,235

4,920127218501

28414624154

64622591

-6,560

-3,967-755-562

-745-124-143

-178-86

893675

-833-615

-127-218-430-58

60

-521

-342-133

45(*)

5106

-40-162

25

-486-75

109477

881

446104331

-27

6-23

4

312

159

-1935

-418

IV

8,3498,044

5,206205305505

18817024254

1,056236182

-6,414

-4, 193-803-511

-387-117-99

-215-89

1,9351,630

-999-694

-149-305-485-60

936

-1,208

-601-461

5628

23-335

o84

-276

-65729

207145

389

2435114

833

862

-54

288251

-39364

-674

I

7,8107,363

4,974166447454

20515325356

78123388

-6,011

-3,928-757-502

-320-101-95

-217-91

1,7991,352

-1,118-671

-155-447-447-69

681

-1,062

-582-486

43-79

2777

-47-15

-462

-558-50

12125

32

111-33-46

749

-5143

-6-30

955

478195

62

19

II

9,0178,342

5,718243675552

28415125359

716258108

-6,658

-4, 227-741-628

-549-107-92

-219-95

2,3591,684

-1,395-720

-154-675-500-66

964

-1,717

-525-513

50-72

-177-402

50-128

-721

-620-266

13134

124

11662

1,300

4711433

465

-19— 10

392674

50

53

III

7,8207,686

5, 223103134561

30815225458

665253109

-7,105

-4, 316-719-645

-831-121-157

-212-104

715581

-817-683

-154-134-466-63

-102

-276

-162-166

5215

-11674

225

-68

-441-31

163241

227

196-2859

504

405112

-617

69— 50

391-20

-285

IV

9,2619,035

6,156145226548

21820426462

967278193

-6,799

-4, 521-719-541

-414-115-103

-276-110

2,4622,236

-960-734

-166-226-504-64

1,502

-1,401

-707-855087

-488-530

158114

-413

-568-100

22926

-5

38-5815

429

-8710314

5̂-75

297— 1

11370

-112

I

9,2658,968

6,157198297538

24717427460

93329196

-6,568

-4, 349-744-533

-341-111-137

-242-111

2,6972,400

-986-689

-149-297-473-67

1,711

-1,296

-419-127

5494

-248-405

-26-219

-261

-52268

14152

-51

46— 228131

-56

17-4236

-55

156— 50

-171

-47

1<

II

9,7679,243

6,309186524584

33417128465

881315114

-7,151

-4, 588-732-690

-572-118-99

-242-110

2,6162,092

-1,272-748

-149-524-533-66

1,344

-1,560

-613-284

3840

-72-531

-58-80

-462

-69773

12933

303

-73258118

387

291452

(*)19

-54_2

46283

-12

)64

III

9,0388,823

5,936162215609

36418127566

803306121

-7,510

-4, 653-694-676

-852-131-165

-230-109

1,5281,313

-862-647

-148-215-427-72

666

-1,192

-479-713835

-23984

-271-289

-392

-60422

15931

70

-20-45135

1,120

-27-3014

-2965

176(*)

8943

-272

IV

10,35910,065

6,895201294593

26223028273

1,057343129

-7,408

-5,031-691-563

-446-131-135

-289— 122

2,9512,657

-992-698

-171-294-453-74

1,959

-2, 494

-924-581

6324

-382-671

12-35

-559

-535-182

1517

-151

172-205-118

1,863

-24-26135

-524

20829

-131,535

-618

I

8,9838,611

5,597200372494

27120829569

1,031340106

-6,859

-4, 594-671-567

-406-108-119

-272-122

2,1241,752

-1,034-662

-152-372-437-73

1,090

-1,567

-1,178-302

5549

-46123

6241

-336

-648150

15210

842

832-5868

-318

8557152

8-5

45

-41-619

289

19

II

11,06410,399

7,030229665632

37720929572

1,054366135

-8,221

-5,484-711-758

-627-103-119

-302-117

2,8432,178

-1,476-811

-168-665-510-133

1,367

-519

-931-329

52130

201176

-6188

-582

-689-64

1665

68

590-56-466

-377

-95-242

43

-568

111_1

79-335

43

65

III

9,7449,472

6,329199272624

41622729974

844339121

-8,553

-5,484-754-703

-932-109-166

-287-118

1,191919

-945-673

-159-272-431-83

246

-433

-428-304

4253

-41260

-205

-225

-500-116

208183

41

124-413330

726

45-227-51

1039

-55(*)

156809

-355

IV

10,98410,665

7,288216319640

31628030370

1,034368150

-8,570

-5,910-785-646

-473-107-138

-380-131

2,4142,095

-997-678

-179-319-422-77

1,417

-1,224

-881-271

73-6

69-134

-68-6

-432

-65646

15523

271

119178-26

360

225559

1647

103— 6

-148212

-392

I

10,51410,239

7,073198275588

31722931373

964370114

-8,561

-5,919-861-639

-424-108-143

-334-133

1,9531,678

-1,123-848

-153-275-614-81

830

-880

-604-466118-9

127145

-17-174

-299

-58091

1873

424

68222134

-78

5217355

2939

4— 53

-548171

3

H

II

11,22810,871

7,361260357655

42824331085

980409140

-9,388

-6,271-911-793

-701-110-136

-332-134

1,8401,483

-1,129-772

-166-357-526-80

711

-1,272

-1,074-305123122

1-59

-51-29

-595

-691-90

179

68

209-163

22

1,126

37520441

1663

— 6— 26

-295376

-38

)66

III

10,57410,380

6, 968178194688

48927230576

893392119

-10,148

-6,528-953-791

-1,037-119-195

-387-138

426232

-850-656

-153-194-385-118

-424

-469

-693-241

75155

102229

-28-68

-305

-585-131

185226

82

173-426335

951

-113107100

86112

69— 23

-5271,140

165

IV

11,72011,549

7,766211171658

33930131991

1,208434222

-9,840

-6, 792-969-691

-495-117-160

-472-144

1,8801,709

-820-649

-175-171-390-84

1,060

-1,511

-1,091-198

8955

107-399

-16-58

-332

-644-135

255192

-6

121-173

46

1,302

110109380

7455

4953

-191663

-513

1967

I

11,41411,070

7,588327344624

34723430283

1,025418122

-9,566

-6,625-1,041-666

-450-112-150

-392-130

1,8481,504

1,062-718

-157-344-468-93

786

-1,200

-965-332100— 7

156-19

-67-66

-673

-1,303436

194

1,027

511,007-31

30

53112368

10866

107(*)

-14-770

30

Lino

1

3456

8910

111213

14

151C)17

181920

21

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

til)


26 SUKVEY OF CURRENT BUSINESS Juno 10G7

Table 2.—U.S. International Transaetions—Seasonally Adjusted


Line

1

3456

789

10

111213

14

151617

181920

22

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60


Exports of goods and services-Excluding transfers under military grants-

Merchandise, adjusted, excluding military ! _ _ _ __Transfers under military sales contractsTransfers under military grants, netTransportation

TravelFees and royalties from direct investmentsOther private servicesOther U S Government services

Income on U.S. investments abroad.Direct investments 2

Other private assetsU.S. Government assets


Merchandise, adjusted, excluding military J

Military expendituresTransportation

TravelPrivate payments for other servicesU.S. Government payments for other services


U.S. Government payments .. _ _ _


Unilateral transfers, net; transfers to foreigners (— )Excluding military grants

Private remittancesMilitary grants of goods and servicesOther U.S. Government grants !-_ _ _ _ _U S Government pensions and other transfers

Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24and 26). 3

Transactions in U.S. private assets, net; increase in assets (— ) .


Foreign securities newly issued in the United StatesRedemptionsOther transactions in foreign securities

Claims reported by U.S. banks: *Long-termShort-term

Claims reported by U.S. residents other than banks: lLong-termShort-term

Transactions in U.S. Government assets, excluding official reserve assets,net; increase in assets (— ).Loans and other long-term assets l _ _ _ _ -Foreign currencies and other short-term assets 1

Repayments on credits:ScheduledNonscheduled

Transactions in U.S. official reserve assets, net; increase in assets ( — )

Gold* - -Convertible currenciesGold tranche position in IMF *



U.S. securities other than Treasury issuesLong-term liabilities reported by U.S. banks


Liabilities of U.S. Government, excluding marketable or convertible se-curities: !


U.S. Government marketable or convertible bonds and notes J _ .Deposits and money market paper held in the United States l

Errors and omissions net

I

6 9776,534

4,64071

443446

22489

22136

57115185

-5 969

—3, 809— 775-480

-435-117-74

-178-101

1,008565

-977-534

— 111-443-367

—56

31

-674

-343-262

53—23

—33— 100

_9

36

-216

f —392

15917

159

50

109

831

40170

1

4-5

-61

,

-131

19€

II

7,4156,793

4,87690

622443

22795

°2036

59215163

-6,014

—3 851— 764-480

—447-118-83

-185-86

1,401779

-1,199—577

— 122-622-406

—49

202

-677

-262-70

55— 110

—52-138

-12-88

-349

—468

1145

175

94

81

919

59117

1

3-53

103

-270

0

III

7,2706,988

4,99388

282452

23710322743

569166110

-5,827

-3, 641-797-487

-437-123-78

-187

1,4431,161

-911-629

j29-282-454-53

532

-1,270

-434-108

47-105

-38-590

2-40

-139

18224

740

638

102

361

5351

-5-6

50

-224

IV

7,4287,010

4,98086

418441

23111622638

62317891

-5,514

—3,431-733-468

-431-124-78

-181-68

1,9141,496

-1,039-621

— 128-418-437

—56

875

-1,258

-635-115

46-71

-30-167

-24-262

-401

1287

1,071

921

150

10

-11-10

3

-1-27

-66

-297

I

7,4787,154

5,05486

324440

229107230

42

68618892

-5,539

—3, 387-780-468

-440-119-102

-174-69

1,9391,615

-977-653

-123-324-468-62

962

-1,037

-495-84

41— 69

45-352

-31-92

-382

1245

371

371-25

25

359

21104

(*)

-377

-1

-273

196

II

7,4476,904

4,766112543451

23610924243

651192102

-5,596

—3, 430-776-492

-437-122-94

-180-65

1,8511,308

-1,193-650

— 117-543-473-60

658

-923

-284-135

29-88

-29-253

9

-161

460

201634

-320

-170-161

11

553

31152-1

-379

24

-428

1

III

7 4357,188

4,998110247445

240120233

44

71520380

-5,925

-3, 804-701-493

-442-123-108

-186-68

1,5101,263

-876-629

-125-247-448-56

634

-1,032

-485-151

40-73

-30-193

-45-95

-465

986

-213

146124

-483

969

-53

-3

26-13

62

OQQ

107

IV

7 7367,385

5,13694

351469

242127'MO

45

716210106

-6,062

—3, 889-724-490

-466-126-102

-189-76

1,6741,323

-995-644

— 199-351-465-57

679

-1,188

-335-153

38-157

-122-327

-49-83

-539

15551

768

510-54312

590

2665-1

3532

0

ôo

-310

I

7 6887 298

5,033110390494

248127238

46

678222102

-6, 186

—3, 955-765-515

-466-121-94

-190-80

1,5021,112

-1,116-726

-130-390-528-68

386

-1,060

-270-159

66-91

-146-258

-66-136

-411

1551

427

304-114

237

689

41145

(*)

7-23

140

37Q

-31

196

II

8 3647 738

5,289189626480

249151940

50

735218137

-6,330

—4, 069-760-536

-484-114-91

-192-84

2,0341,408

-1,267-641

-134-626-448-59

767

-593

-424-250

36-33

-4178

-2364

-393

16458

-164

116-324

44

617

776

-1

-16-50

83

518

-234

-

Ill

7 9107 692

5 289153218488

231153'M354

735232114

-6,354

—4, 103— 755-509

-488-114-105

-194-86

1,5561,338

-874-656

-130-218-468-58

682

-901

-482-191

45(*)

-15-81

-40-137

25

C7Q

127477

881

446104331

-295

6-23

4

312

204

501

-3921

IV

7 9277 622

4,993204305502

229149'M5

54

896232118

-6,435

—4, 060-803-568

-501-111-108

-195-89

1,4921,187

-979-674

-139-305-475-60

513

-871

-478-476

5628

75-63

_2-11

-315

fii *}

153145

389

24351

14

680

862

-54

186251

°74

-396

r Revised. * Preliminary. *Less than $500,000(±). n.a. Not available. 4 Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF1 Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5; for in the second quarter of 1965.

lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.2 Excludes undistributed profits of subsidiaries. Source: U.S. Department of Commerce, Office of Business Economics.3 Numerically equal to net foreign investment in U.S. national income and product ac-

counts.



Table 2.—U.S. International Transactions—Seasonally Adjusted—Continued[Millions of dollars]

I

7,9997,552

5,014187447486

24516124956

797236121

-6,400

-4, 045-757-567

-503-109-109

-219-91

1,5991,152

— 1,116-669

-160-447-440-69

483

-1,114

-617-483

43-79

1060

-47-1

-495

-665

14525

32

111-33-46

1,254

-5143

-6-30

695

1,204

160

1

II

8,7948,119

5,549196675540

25316125259

739251119

-6,580

-4, 208-741-562

-526-113-112

-223-95

2,2141,539

-1,371-696

-155-675-475-66

843

-1,625

-465-443

50-72

-194-465

50-86

-654

-832

14434

124

11662

1,390

4711433

465

66-10

1,071

-78

963

III

8,3108,176

5,620126134545

25316125758

761262133

-6,780

-4,361-719-589

-545-112-117

-233-104

1,5301,396

-862-728

-159-134-506-63

668

-683

-3242225215

-138-121

253

-74

-493

178241

227

196-2859

87

405112

-617

114-50

-91

-225

IV

8,8058,579

5,888148226544

26417726662

832273125

-6,813

-4, 378-719-598.

-540-110-109

-249-110

1,9921,766

-941-715

-155-226-496-64

1,051

-1,034

-570-102

5087

-432-255

15830

-441

-644

17726

-5

38-5815

251

-8710314

-5-75

193-1

109

178

I

9,4279,130

6, 186208297578

29318327060

928295129

-6,910

-4,399-744-604

-532-120-154

-246-111

2,5172,220

-988-691

-155-297-469-67

1,529

-1,371

-451-128

5494

-259-442

-26-213

-309

-524

16352

-51

46-228131

485

17-4236

-55

139-50

385

-283

19

II

9,5579,033

6,154152524571

29618428365

898305125

-7,079

-4, 585-732-618

-545-123-120

-246-110

2,4781,954

-1,241-717

-149-524-502-66

1,237

-1,443

-548-212

3840

-93-567

-58-43

-381

-559

14533

303

-73258118

441

291452

(*)19

182

311

-157

64

III

p 9,5869,371

6,370189

p215589

30218927966

923318146

-7,208

-4, 730-694-620

-554-123-125

-253-109

"2,3782,163

p -909-694

-154p -215-468-72

1,469

-1,624

-664-119

3835

-265-117

-271-261

-405

-607

17131

70

-20-45135

664

-27-3014

-2965

223(*)

448

-174

IV

"9,8599,565

6,587198

P294586

31620028373

92533760

-7,440

-4,907-691-620

-580-125-137

-258-122

p2,4192,125

p -974-680

-159p -294-447-74

1,445

-2, 104

-772-604

6324

-324-397

12-106

-579

-687

1017

-151

172-205-118

1,724

-24-26135

-524

10629

1,485

-335

I

p9,1408,768

5,628210

P372534

32021829069

1,011345143

-7,232

-4, 669-671-641

-600-115-135

-279-122

p 1, 9081,536

P- 1,036-664

-159P -372-432-73

872

-1,657

-1,208-303

5549

-467-29

6240

-396

-579

17310

842

832-5868

286

8557152

8-5

13

-24

53

19

II

p 10,84510,180

6,880192

p665620

335225294

1,061353148

-8,139

-5,475-711-679

-603-106-141

-307-117

p 2, 7062,041

p- 1,440-775

-167p -665-475-133

1,266

-389

-864-258

52130

175162

-6220

-490

-680

1855

68

590-56-466

-342

-95-242

43

-568

157— 1

-267

-113

65

III

p 10,35210,080

6,811230

p 272603

34623830474

974354146

-8,233

-5, 556-754-646

-610-103-129

-317-118

p 2, 1191,847

p -997-725

-166p -272-476-83

1,122

-885

-628-347

4253

-6852

-2031

-244

-644

217183

41

124-413330

211

45-227-51

1039

-21(*)

416

-245

IV

p 10,43810,119

6,925212

P319633

37924330470

91736175

-8,599

-5, 772-785-708

-625-103-137

-338-131

p 1,8391,520

p -979-660

-166p-319-417-77

.860

-812

-718-298

73-6

128140

-68-63

-445

-574

10623

271

119178-26

236

225559

1647

55-6

-12

-110

I

p 10,78610,511

7,203209

p275636

37423930873

941375153

-8,997

-6, 025-861-722

-637-116-161

-342-133

p 1, 7891,514

p- 1,126-851

-160p -275-610-81

663

-981

-634-467118-9

12385

-17-180

-365

-575

2073

424

68222134

492

5217355

2939

-30—53

227

-233

19

II

p 10,97510,618

7,181222

P357642

38326130985

988394153

-9,265

-6, 225-911-709

-674-114-161

-337-134

P 1,7101,353

p- 1,090-733

-165p -357-488-80

620

-1,135

-1,006-236123122

-27-61

-511

-500

-706

1997

68

209-163

22

1,145

37520441

1663

40—26

54

-198

66

III

P! 1,10710,913

7,382206

p 194661

40828331076

1,034410143

-9,762

-6, 580-953-727

-672-112-153

-427-138

P 1, 3451,151

p -903-709

-160p -194-431-118

442

-932

-900-280

75155

7316

-28-43

-328

-746

192226

82

173-426335

459

-113107100

86112

107—23

83

277

IV

p 11,16810,997

7,402210

P171650

40826232091

1,082426146

-9,913

-6,680-969-756

-674-112-159

-419-144

P 1,2551,084

p-803-632

-162p -171-386-84

452

-1,084

-922-227

8955

168-124

-16-107

-338

-738

208192

-6

121-173

46

1,205

110109380

7455

-153

425

-229

1967

IP

11,66111,317

7,690338344675

40924329783

996424162

-9,981

-6, 689-1,041-753

-678-120-169

-401-130

1,6801,336

-1,066-722

-165-344-464-93

614

-1,006

-695-333100-7

153-82

-67-75

-741

-955

214

1,027

511,007-31

312

53112368

10866

88(*)

-483

-206

Line

1

34

6

78910

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

f 42\ 43

4445

46

474849

50

515253

5455

5657

( 58\ 59

60


28 SURVEY OF CURRENT BUSINESS


June 19GT

Table 3.—U.S. Balance of Payments

Line

1

9

3

4

567

8

9101112

13

14

15

1G

17

18

19

20

Balance on liquidity basis — measured by increase in U.S. official reserveassets and decrease in liquid liabilities to all foreigners:

Seasonally adjusted; decrease in net assets (— )

Less seasonal adjustment - _ _ _ _

Before seasonal adjustment (lines 4 and 8, with sign reversed)

II S official reserve assets (table 1 line 46)' increase (— )

Gold 1

Convertible currenciesIMF gold tranche position l

Liquid liabilities to all foreigners (table 1, lines 58 and 59); de-crease (— ).

To official agenciesTo commercial banks 2

To other foreign residents and unallocated 3

To international and regional organizations

Balance on official reserve transactions basis— measured by increase inU.S. official reserve assets and decrease in liquid and certain nonliquidliabilities to foreign official agencies:

Seasonally adjusted ; decrease in net assets ( — )

Less seasonal adjustment

Before seasonal adjustment (lines 16 through 18, with sign reversed) __

U.S. official reserve assets (line 4); increase (— )

Liquid liabilities to foreign official agencies (portion of line 9 4);decrease (— ).

Certain nonliquid liabilities to foreign official agencies; decrease

Liabilities reported by U S private residents (table 1portions of lines 53 through 55).

Liabilities reported by U.S. Government (table 1, portionsof lines 56 and 57).

1946

993

-623

—623

-370

n.a.n.a.n.a.n a

n.a.

-623

n.a.

n a

n a

n a

1947

4,210

-3,315

—2 162

-1,153

-895

n an.a.n.a.n a

n.a.

-3,315

n.a.

n a

n a

n a

1948

817

-1,736

-1,530

-206

919

n an.a.n.a.n a

n.a.

-1,736

n.a.

n a

n a

n a

1949

136

-266

-164

-102

130

n an.a.n.a.n a

n.a.

-266

n.a.

n a

n a

n a

1950

-3,489

1,758

1,743

15

1,731

n an.a.n.a.n.a.

n.a.

1,758

n.a.

n a

n a

n a

1951

-8

-33

-53

20

41

n a498

n.a.n.a.

n.a.

-33

n.a.

n.a

n a

n a

1952

- 1, 206

-415

-379

-36

1,621

n a32

n.a.n.a.

n.a.

-415

n.a.

n a.

n a

n a

1953

-2, 184

1,256

1,161

95

928

n a-59n.a.n.a.

n.a.

1,256

n.a.

n a

n a

n a

1954

-1,541

480

298

182

1,061

n a1

n.a.n.a.

n.a.

480

n.a.

n.a.

n a

n a

1955

-1,242

182

41

141

1,060

n a410

n.a.n.a.

n.a.

182

n.a.

n.a.

n a

n a

1956 1957 1958 1959

| !

-973

-869

-306

-563

1,842

n a428

n.a.n.a.

n.a.

-869

n.a.

n.a.

n a

n a

578

-1,165

-798

-367

587

n a60

n.a.n.a.

n.a.

-1,165

n.a.

n.a.

n.a.

n.a.

-3,365

9 9Q9

2,275

1 /

1,073

n.a48

n.a.n.a.

n.a.

2,292

n.a.

n.a.

n.a.

n.a.

-3,870

1,035

1,075

-40

2, 835

n.a1,158

n.a.n.a.

n.a.

1,035

n.a.

n.a.

n.a.

n.a.

p Preliminary. n.a. Not available.1 Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF

in the second quarter of 1965.2 Includes deposits of foreign branches of U.S. banks and of foreign commercial banks,

associated with their U.S.-dollar denominated liabilities to foreign official agencies.

3 May include U.S. Government bonds and notes held by foreign commercial banks.4 Excludes changes in Treasury liabilities to certain foreign military agencies during 1960-62,

which are included in line 9.


June 1967

and Reserve Position

SUEVEY OF CURRENT BUSINESS


29

1960

-3,901

2,145

1,703

442

1,756

1,448140

-167335

-3,403

2,145

1,258

1961

-2,370

606

857-116-135

1,764

68158690407

-1,347

606

741

1962

-2,203

1,533

89017626

670

456-138140212

-2,705

1,533

918

254

254

1963

-2,671

378

461-113

30

2,293

1,673470385

-235

-2,044

378

1,673

9

-16

1964

-2,800

171

125-220266

2,629

1,0751,454343

-243

-1,549

171

1,075

303

149

154

1965

-1,335

1,222

1,665-349-94

113

-18116306

-291

-1,304

1,222

-18

100

-38

138

1966

-1,357

568

571-540537

789

-1,5952,697212

-525

225

568

-1,595

802

788

14

I

-841

-136

-705

159

50

109

546

102449-8681

-337

—318

-19

159

-140

19

II

-864

-26

-838

175

94

81

663

4021701774

-645

32

-677

175

502

60

III

-1,003

186

-1,189

740

638

102

449

40516

-6189

-1,001

155

-1,156

740

416

IV

-1,193

-24

-1,169

1,071

921

150

98

539-495-3791

-1,420

131

-1,551

1,071

480

I

-532

-201

-331

371

371-2525

-40

44-21-115

52

—816

—393

-423

371

52

19

II

49

73

-320

-170— 161

11

247

-317460

29

659

44

615

-320

-295

61

III

-686

226

-912

-213

146124

-483

1,125

899846082

— 518

196

-714

-213

927

IV

-1,201

-1

-1,200

768

510— 54312

432

556370244

— 672

153

-825

768

57

I

-806

-332

-474

427

304— 114237

47

-65344740213

— 426

— 537

111

427

-538

19

II

-354

-32

-322

-164

116—324

44

486

462-250276_2

—356

56

-412

-164

577

_ 1

— 1

62

III

-380

313

-693

881

446104331

-188

269-212-139-106

— 1,008

°77

-1,285

881

384

g>0

°0

IV

-663

51

-714

389

2435114

325

378-123-37107

— 915

''04

-1,119

389

495

''35

935

I

-1,236

-531

-705

32

111—33-46

673

27638676

-65

— 1 141

— 752

-389

32

276

81

81

19

II

-1,195

-1,190

124

116G

1,066

92580110-49

— 945

109

-1,054

124

925

5

9

— 4

63

III

-136

462

-598

°27

196— 2859

371

321-2386

-13

— 58

414

-472

227

321

— 76

-76

IV

-104

74

-178

-5

38— 5815

183

15127113

-108

100

999

-129

-f>

151

— 17

j 7

Line

1

3

4

(

s

1(1112

13

14

15

1C

17

IS

19

20


30 SUEVEY OF CUEEENT BUSINESS Juno 1907

Table 3—U.S Balance Payment and Reserve Position—Continued


Line

1

2

3

4

567

8

9101112

13

14

15

16

17

18

19

20

Balance on liquidity basis— measured by increase in U.S.official reserve assets and decrease in liquid liabilities toall foreigners:



Before seasonal adjustment (lines 4 and 8, with signreversed)

U.S. official reserve assets (table 1, line 46); increase(— )

Gold iConvertible currencies _IMF gold tranche position 1

Liquid liabilities to all foreigners (table 1, lines 58 and59); decrease (— ) . _

To official agenciesTo commercial banks 2_ _To other foreign residents and unallocated 3

To international and regional organizations

Balance on official reserve transactions basis — measuredby increase in U.S. official reserve assets and decreasein liquid and certain nonliquid liabilities to foreignofficial agencies:



Before seasonal adjustment (lines 16 through 18 withsign reversed).

U.S. official reserve assets (line 4); increase ( — ) _ . -

Liquid liabilities to foreign official agencies (por-tion of line 9 4); decrease (— ).

Certain nonliquid liabilities to foreign officialagencies; decrease (— ).

Liabilities reported by U.S. private residents(table 1, portions of lines 53 through 55).

Liabilities reported by U.S. Government(table 1, portions of lines 56 and 57).

I

—334

— 558

224

—51

46-228

131

-173—399

25656

-86

— 313

—796

483

-51

-399

-33

26

-59

19

II

— 614

18

— 632

303

—73258118

3292149346

-24

— 379

161

—540

303

214

23

44

-21

34

III

—518

503

— 1,021

70

—20—45135

951389588115

-141

—239

442

— 681

70

389

922

15

207

IV

— 1,334

37

— 1,371

— 151

172-205-118

1,522871517126

8

— 618

193

—811

-151

871

91

64

27

I

—818

—636

— 182

842

832-58

68

-660-861

163104

-66

—834

—876

42

842

-861

-23

-21

_2

19f

II

199

11

188

68

590-56

-466

-256-107-205

82-26

239

184

55

68

-107

-16

-29

13

>5

III

— 457

549

— 1,006

41

124-413

330

965253697

72-57

207

483

—276

41

253

-18

-16

_2

IV

-259

76

— 335

271

119178

-26

64697

-53948

-142

-916

209

— 1 , 125

271

697

157

28

129

I

— 651

— 604

— 47

424

68222134

-377-852

404109

-38

— 443

—846

403

424

-852

25

43

-18

i9e

ii

-122

27

— 149

68

209-163

22

8154

31666

-355

-175

210

— 385

68

54

263

284

-21

6

III

— 165

530

— 695

82

173-426

335

613-5981,144

91-24

861

456

405

82

-598

111

88

23

IV

-419

47

— 466

-6

121-173

46

472-199

833-54

-108

-18

180

-198

-6

-199

403

373

30

1967

I P

—544

— 301

— 243

1,027

511,007-31

-784-83

-75186

-36

-1,822

-543

-1,279

1, 027

-83

335

306

29

Amountsoutstand-ing Mar.31, 1967

13, 855

13, 184314357

28, 98914, 5849,1784,358

869

13, 855

14, 584

1,788

1,214

574


June 1967 SUEVEY OF CURRENT BUSINESS 31

Table 4.—U.S. Merchandise Trade


Line

1

2

34

56

7

89

10

11

121314

15

161718

192021222324

252627

28293031

32333435

36

37

38

39

Merchandise exports, adjusted (table 1, line 3)

Plus merchandise exports, other than military grant shipments excluded from line 1 but included in Censusdata2

Less merchandise exports included in line 1 but excluded from Census data 3_ _Less miscellaneous and special adjustments to Census data incorporated in line 1, net 4

Equals: Merchandise exports, Census basis, including reexports, excluding military grant shipmentsPlus military grant shipments recorded in Census data

Equals: Merchandise exports, Census basis, including reexports and military grant shipments

Agricultural goods _ _ _ _Nonagricultural goods

Excluding military grant shipments

Merchandise imports, adjusted (table 1, line 15) .

Plus merchandise imports excluded from line 11 but included in Census data 5

Less merchandise imports included in line 11 but excluded from Census data G

Less miscellaneous and special adjustments to Census data incorporated in line 11, net 4 .

Equals: Merchandise imports, Census basis (general imports) .. _

Foods, feeds, and beveragesCoffee, cocoa, and sugarOther

Industrial supplies and materialsFuel and lubricantsBuilding materials (except metals)Iron and steel products. .Other metals and metal ores (except uranium)Other .

Capital goods (except automotive)Machinery and miscellaneous transport equipment _ _ _ _ _Civilian aircraft, complete. _ _ _ _

Automotive vehicles and parts (including engines)Passenger cars, new and usedTrucks, buses, and special vehiclesAutomotive parts and accessories (including engines)

Consumer goods (nonfood), except autos and partsConsumer durables, manufactured _Consumer nondurables, manufacturedGem stones, nursery stock, etc., unmanufactured

All other, n.e.c. (uranium, military aircraft, low value shipments, U.S. goods returned, et(O

Balance on merchandise trade, adjusted (line 1 less line 11)

Memorandum items:

Merchandise exports, adjusted, excluding those financed by U.S. Government grants and capital out-flows (line 1 less line A.28 of table 5) s _

Balance on merchandise trade, adjusted, excluding exports financed by U.S. Government grants andcapital outflows (line 37 less line A.28 of table 5) 8

1960

19,489

268127

4

19,626949

20,575

4,83215 74314 794

14 732

48212670

15 018

3 2861 6571 629

7 8341 580

541507

1 6673 539

566540

9

628544

2955

1,901971714216

803

4 757

17 591

2, 859

1961

19,954

387149

9

20,190810

21,000

5,02415 97615 166

14,510

39412565

14,714

3 3311 5811 750

7 6701 727

538421

1, 5643 420

696576

74

378317

1348

1,8891,000

644245

750

5,444

17, 745

3,235

1962

20,604

53111151

20,973727

21,700

5 03416 66615 939

16,187

38415031

16 390

3 5731 6911 95°

8 5011 906

616537

1 7543 688

76368540

515433

1765

2,2761,216

811249

762

4,417

18, 271

2,084

1963

22,071

51214511

22,427920

23,347

5, 58417 76316 843

16,992

34115738

17,138

3,7531 7012 052

8 8081 931

661692

1,7733 751

828803

1

580467

2390

2,3891,266

843280

780

5,079

19, 350

2,358

1964

25,297

472218

-139

25,690818

26,508

6,34720 16119, 343

18,621

248176

9

18,684

3,9141,7862,128

9 5002, 015

707825

2,0013,952

1,0481,028

75759323

141

2,6941,379

991324

771

6,676

22, 496

3,875

1965

26,244

G6212284

26,700778

27,478

6,34321, 13520, 357

21,472

18820292

7 21,366

3,9461,6252, 321

10, 9632, 212

7251, 2722, 4244,330

1,4741,372

67

921670

44207

3, 3051,7321,192

381

849

4,772

23, 486

2, 014

I960

29 168

441181

3C

29,39f94C

30,33f

7, 02fr23 30£22, 36£

25,51(

22(24,

-6,

25,55(

4, 49<1,692, 80£

12, 0912, 24

78<1,312, 914,83

2,151,93(

15,

1,89(1,24'

17'47*

3,91'2,101,34<

45

1,00

3,65

26, 15

64

pPreliminary. n.a. Not available.1 Exports and imports in the fourth quarter of 1964 and the first 2 quarters of 1965 were dis-

torted by the longshoremen's strike in the first quarter of 1965.2 Consists mainly of exports of military equipment under Defense Department sales con-

tracts with foreign governments to the extent that such exports are included in the Censusdata. Also includes exports of domestically owned goods into storage abroad (e.g., U.S. grainstored in Canada); exports to the Panama Canal Zone; and exports of exposed motion picturefilm for rental rather than sale.

3 Includes exports of domestically owned goods out of storage abroad (e.g., U.S. grain soldfrom storage in Canada); exports of electrical energy; exports of nonmonetary gold, and silverand net sales of gold by U.S. private residents to the U.S. monetary gold stock; personal re-mittance in kind (gift parcels sent through the mail); and transfers, financed under nonmili-tary aid programs, of goods to recipient countries from Defense Department stocks locatedabroad.

4 Includes valuation adjustments for goods considered to be underpriced or overpriced inCensus data; timing adjustments for goods recorded in the Census data in one reriod butknown to have been shipped in another period; and coverage adjustments for special situa-tions in which shipments are omitted from the Census data.

of U.S. vessels.6 Includes imports of electrical energy; and imports of nonmonetary gold and silver, and netpurchases of gold by U.S. private residents from the U.S. monetary gold stock.

7 Reflects revisions m ade by the Bureau of the Census to correct for distortions in the monthlyimport totals originally reported for July to December 1965. These distortions were caused bylarge irregularities in the monthly flow of documents transmitted by Customs to the CensusBureau after the close-out date for processing a given month's statistics. The accompanyingcommodity detail, lines 16-36, incorporate the Census Bureau's revisions and, in addition,the special adjustments represented in line 14.8 The entries in this line reflect only an approximate measure of merchandise exports notfinanced by Government grants and capital outflows since Government financing of ex-ports may not coincide with actual shipments.




Table 4.—U.S. Merchandise Trade—Continued


Line

1

2

3

4

5

6

89

10

11

12

13

14

15

161718

1920212223

24

2526

27

28

293031

32

3334

35

36

37

38

39

Merchandise exports, adjusted (table 1,line 3)

Plus merchandise exports, other than mili-tary grant shipments excluded from line 1but included in Census data 2

Less merchandise exports included in line 1but excluded from Census data 3 ..

Less miscellaneous and special adjustmentsto Census data incorporated in line 1,net 4

Equals: Merchandise exports, Censusbasis, including reexports, excluding mili-tary grant shipments.. _ .

Plus military grant shipments recorded inCensus data

Equals: Merchandise exports, Censusbasis, including reexports and militarygrant shipments

Agricultural goodsNonagricultural goods _

Excluding military grant shipments.

Merchandise imports, adjusted (table 1,line 15)

Plus merchandise imports excluded fromline 11 but included in Census data ^

Less merchandise imports included in line11 but excluded from Census data 5

Less miscellaneous and special adjustmentsto Census data incorporated in line 11,net 4

Equals: Merchandise imports, Censusbasis (general imports)

Foods, feeds, and beverages.. . ._Coffee, cocoa, and sugarOther

Industrial supplies and materialsFuel and lubricants.Building materials (except metals) „Iron and steel productsOther metals and metal ores (ex-

cept uranium) .Other

Capital goods (except automotive)Machinery and miscellaneous trans-

port equipment.Civilian aircraft, complete. _ _

Automotive vehicles and parts (includ-ing engines)

Passenger cars, new and usedTrucks, buses, and special vehicles..Automotive parts and accessories

(including engines) _

Consumer goods (nonfood), exceptautos and parts... .

Consumer durables, manufactured _.Consumer nondurables, manufac-

factured _Gem stones, nursery stock, etc.,

unmanufactured..- _ _ _

All other, n.e.c. (uranium, militaryaircraft, low value shipments, U.S.goods, returned, etc.).-. . . __ _

Balance on merchandise trade, adjusted(line 1 less line 11) ... ...

Memorandum items:

Merchandise exports, adjusted, exclud-ing those financed by U.S. Govern-ment grants and capital outflows (lineHess line A.28 of table 5) s

Balance on merchandise trade, adjusted,excluding exports financed by U.S.Government grants and capital out-flows (line 37 less line A.28 of table5) 8.

Not seasonally adjusted

1965

I i

5,597

116

36

84

5,593

226

5,819

1,2564,5634,337

4,594

54

39

4,609

783305478

2,467578155235

4871,012

308

29111

187140

7

40

672340

242

90

192

1,003

5,026

432

H i

7,030

129

29

7,130

247

7,377

1,6465,7315,484

5,484

51

49

5,486

995412583

2,894562186375

6271,144

381

36013

227171

8

48

782423

286

73

207

1,546

6,177

693

III

6,329

177

25

6,481

160

6,641

1,5225,1194,959

5,484

43

49

107

75,371

1,023446577

2,776534201358

6361,047

364

33816

188135

6

47

915474

344

97

212

845

5,661

177

IV

7,288

240

32

7,496

145

7,641

1,9195,7225,577

5,910

40

65

-15

75,9DO

1,145462683

2,826538183304

6741,127

421

38327

31922423

72

936495

320

121

238

1,378

6,622

712

1966

I

7,073

98

38

50

7,083

158

7,241

1,6825,5595,401

5,919

57

61

21

5,894

1,073441632

2,838600177250

5781,233

464

41832

444316

27

101

846450

288

108

229

1,154

6,359

440

II

7,361

129

55

7,435

348

7,783

1,6966,0875,739

6,271

60

68

-71

6,334

1,116412704

3,100530223323

7311,293

532

48039

42127234

115

919498

310

111

246

1,090

6,568

297

III

6,968

102

54

—20

7,036

239

7,275

1,6665,6095,370

6,528

60

57

-15

6,546

1,116437679

3,138572215390

7991,162

542

48245

412258

42

112

1,087565

412

110

251

440

6,281

-247

IV

7,766

111

35

7,842

195"

8,037

1,9846,0535,858

6,792

43

59

6,776

1,194401793

3,016545174349

8021,146

613

55937

619398

71

150

1,060595

339

126

274

974

6,948

156

1967

IP

7,588

156

54

7,690

187

7,877

1,6306,2476,060

6,625

58

62

6,621

1,149449700

2,999621164313

6761,225

617

58117

644428

69

147

948495

344

109

264

963

6,721

96

Seasonally adjusted

1965

I i

5,628

5,589

1,258

4,331

4,669

4,666

805299506

2, 491540175239

558979

294

27711

162122

33

747385

275

87

167

959

n.a.

n.a.

H i

6,880

6,940

1,689

5,251

5,475

5,456

1,006420586

2, 826571175368

5991,113

362

34113

225170

8

47

823434

308

81

214

1,405

n.a.

n.a.

Ill

6,811

6,920

1,695

5, 225

5,556

75,425

1,049443606

2,780549181347

5921,111

395

36916

239174

6

59

837448

290

99

232

1,255

n.a.

n.a.

IV

6,925

7,090

1,684

5,406

5,772

75,737

1,060444616

2,849553193299

6701,134

417

37927

29220423

65

885457

318

110

218

1,153

n.a.

n.a.

1966

I

7,203

7,217

1,693

5,524

6,025

6,020

1,123452671

2,880561201264

6621,192

458

41232

40028027

93

942510

327

105

217

1,178

n.a.

n.a.

II

7,181

7,259

1,746

5, 513

6,225

6,307

1,131425706

3,029539210325

7001,255

506

45439

41526934

112

965511

334

120

261

936

n.a.

n.a.

Ill

7,382

7,452

1,860

5,592

6,580

6,618

1,135423712

3,128587194372

7431,232

578

51845

517337

42

138

994533

349

112

266

832

n.a.

n.a.

IV

7,402

7,484

1,752

5, 732

6,680

6,685

1,129409720

3,070566184364

7981,158

623

56937

578365

141

1,005552

337

116

280

722

n.a.

n.a.

1967

IP

7,690

7,792

1,632

6, 160

6,689

6,684

1,189448741

3,028576185313

7741,180

602

56617

57737769

131

1,055561

390

104

233

1,001

n.a.

n.a.

Pee footnotes on p. 31.


Table 5.—Major U.S. Government Transactions


Line

A. 1

la

234

5t;

89

10111213

14

151617

181920

22

24

2520

''7

289930

31

3233

34

M. 1

la

2a

3

4

(̂i

7

7a

89

1011

12

1313a

1415it;

r. i

93

U.S. Government grants (excluding military) and capital outflows total(table 1, lines 29, 42, and 43, with sign reversed)

Seasonally adjusted... . . _ . _

By category :Grants, net . _ _ _ __ _Credits repayable in foreign currencies. .. _ _ . _.Other foreign currency assets (excluding administrative cash hold-

ings), net - - - - - - - -

Receipts from—Sales of agricultural commodities -InterestRepayments of principalReverse grants. _. ._.Other sources

Less disbursements for —Grants in the recipient's currencyCredits in the recipient's currency _ _ . _ ....Other grants and creditsOther U.S. Government expenditures

Capital subscriptions to international and regional organizations,excluding IMF ... . _ _ . _

Credits repayable in dollars ._ _ ...Other long-term assets, netOther short-term assets (including changes in administrative cash

holdings), n e t - - - - - - - - - _ .

By program :Under farm product disposal programs _ _ _ _ _ _ _ _Under Foreign Assistance Acts and related programsUnder Export-Import Bank ActCapital subscriptions to international and regional organizations,

excluding IMF - __Other assistance programs.. ___ __ _ _ _Other foreign currency assets acquired (lines A.6, A. 7, and A.9)Less foreign currencies used by U.S. Government other than for

grants or credits (line A. 13)Advances under Exchange Stabilization Fund agreements, netOther (including changes in administrative cash holdings), net

By disposition: 1Estimated transactions involving no direct dollar outflow from the

United StatesExpenditures on U.S. merchandiseExpenditures on U.S. servicesMilitary sales contracts financed by credits (including short-

term, net) 2 (line B. 4)U.S. Government credits to repay prior U.S. Government

credits 3 __II S Government credits to repay prior U.S private creditsIncrease in claims on U.S. Government associated* with Gov-

ernment grants and capital outflows (including changes inretained accounts) (line B. 7). __ _ _ _ _ _. . _.

Estimated dollar payments to foreign countries and internationaland regional organizations through U.S. Government grants andcapital outflows _ _ _ _ _ . _

U.S. Government liabilities associated with specific transactions (table 1,line 56); net increase (+) ... __ ._ .

Seasonally adjusted

Associated with military sales contracts.*Seasonally adjusted

U.S. Government receipts from foreign governments (includingprincipal repayments on credits financing military sales con-tracts), net of refunds

Plus military sales contracts financed by U.S. Government credits 5

(line A. 30)

Less transfers of goods and services (including transfers financed bycredits) (table 1, line 4). - _ _ _ _ _ _ _ _ _ _ _

Associated with U.S. Government grants and capital outflows (line A.33) ._. -

Seasonally adjusted

Non-intcrest-bearing securities issued to IDANon-interest-bearing securities issued to IDBNon-intercst-bearing securities issued to UN for special programsForeign funds retained in U.S. Government accounts for purchases

in the United States . ._Other

Associated with other specific transactionsSeasonally adjusted _ _

Purchase of Columbia River downstream power rightsU.S. Government nonmilitary sales and miscellaneous operations..Nonmarketable, nonconvertible U.S. Government obligations to

be liquidated against U.S. claims

Foreign holdings of nonmarketable, nonconvertible medium-term U.S.Government securities not associated with specific transactions (table 1,line 57); net increase (+) . . _ _ _ _ _ _ _ .

Export-Import Hank Portfolio Certificates of ParticipationU.S. Treasury securities not included elsewhere °

1960

3,405

1,664541

573

1,18769922741

179312

44238

15450018

-45

1,2781,658

405

15421

132

238-5

(*)

2,2791,898

300

17

23

41

1,126

26

-16

328

1726

335

41

58

— 17

1

1

1961

4,054

1,854758

219

1,13374502329

26249060

278

1721,009

42

1,3511,790

822

17227

153

27823

-6

2 9082 209

431

15

62111

80

1.146

85

5

417

15'>5

402

80

5825

— 3

(*)

(*)

1962

4,293

1,919862

228

1,084115611667

373448

19275

1221,145

17

1,5031,949

621

122111243

27520-1

3 9492 333

575

11

9093

147

1,044

613

470

1 142

1197

656

147

36100

4

— 4

-4

251

251

1963

4,551

1,917726

433

1,216147931569

39342028

266

621,399

14

1,6712,158

509

62100309

26626

-18

3 7372 721

666

48

17533

94

814

442

347

964

488

657

94

14

43

361

1

1

-5618

— 74

1964

4,263

1 886885

49

1.31316988

722

53164723

349

1121,361

-30

1,7652 009

338

112148279

349-31-8

3 5782 801

594

3

130

50

685

486

228

981

39

747

50

152530

— 14—6

208

2044

-23—3

-20

1965

4,277

1,800739

14

98018792

253

33657213

379

1,754

-30

1,4752 196

532

155332

379-18-16

3 5692 758

648

130

1135

-85

708

204

314

1,098

13070

844

-85

-79

— 15

10— 1

-25

—305

-7

(*)

Total

4,680

1,915361

245

844121186

1

386232

7289

— 1002 239

20

1,4012 278

909

— 100155314

289-820

3 9603 012

749

987

11114

-213

720

116

341

947

28746

847

-213

— 75— 150

—41

53(*)

— 12

—30-4

99

-49—3

-46

I

1 1031,185

614106

— 83

2162648

(*)1 3

21480

280

474

—8

368571143

36

80-8-4

913714905

15

385

— 64

190

4-30

7044

263

1510

198

-64-64

—36—8

-20

(*)( )

—2-10

__9

-53

-53

1966

II

1 3077" 194

52698

104

2503850

(*\\

108642

61

593

— 14

430548268

4189

61-1-7

1 146793194

130

30

— 1

161

-640

—845

129

130

260

— 1-1

— 11

(*)

10(*)

3-4

3

-26

-23

III

1 101/ 177

38576

111

1902742

(*)^ 2

34431

72

10499

20

272546233

103171

72-515

909687149

65

20

-12

192

69107

60106

179

656

178

-12

-19— 10-10

27(*)

21IS

^25

-23(*)-23

IV

1 1691 124

39081

113

188304611

3045

276

-110673

22

331613265

-1104777

766

16

992818201

239

-136

177

49-.

219146

376

23

211

-136-136

-20-121-11

16(*)

-34-11

-30-1

-3

53(*)

53

1967

IP

1 335/ 419

468595

— 427

1982852

(*)

38564

102

33675

298717269

334482

102

1 144867187

108

18(*)

-30

191

10788

114103

349

10816

327

-36-36

— 25

-12

1(*)

29

(*)

99

(*)(*)(*)

p Preliminary. "Less than $500,000 (±).1 As reported by the operating agencies.2 Consists of transfers of military goods and services financed by U.S. Government credits

and of advance payments to the Defense Department (on military sales contracts) financedby credits extended to foreigners by U.S. Government agencies.

3 Includes estimated net accumulations of foreign currency from principal repayments re-corded in line A. 7.

4 Transactions under military sales contracts are those in which the Defense Departmentsells and transfers military goods and services to a foreign purchaser, on a cash or credit basis.The data for the several categories of transactions related to military sales contracts in this

and the other tables, for the periods beginning with the September 1964 quarter, are partiallyestimated.

5 Consists of transfers of military goods and services financed by U.S. Government credits(included in line B. 6) and of increases in Defense Depirt ne'it liabilities (0:1 military salescontracts) which arise fro n advance payments to the Defense Department financed by creditsto foreigners by U.S. Government agencies.

0 Through the last period shown, all securities included here have been payable in foreigncurrencies.


33Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

34 SUEVEY OF CUERENT BUSINESS June 1967

Table 6.—Claims on Foreigners Reported by U.S. Banks and U.S. Private Residents Other Than Banks


Line

A.1

la

23456

7

7a

89

10111213

141516171819

2,02122232425

262728293031

323334353637

B.1

23456

7

7a>

89

1011121314

1516171819202122

2324

Claims reported by U.S. banks:Long-term (table 1, line 37, with sign reversed)

Seasonally adjusted

Canada _ _ _ _ _ _ _ _ _ _ _ _United Kingdom _Other Western EuropeJapanOther countries _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Short-term (table 1, line 38, with sign reversed)

Seasonally adjusted

U.S. -dollar loans _ _ _ _ -Canada. _ _ _ _ _ _ _ _ _ _United KingdomOther Western EuropeJapan _ _ _ _ _ _ _ _ _ _ _ _ _ .Other countries _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

U.S. -dollar acceptance creditsCanada. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _United KingdomOther Western Europe _ _ _ _ _Japan _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Other countries

U.S.-dollar collections outstanding, _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _CanadaUnited KingdomOther Western Europe _ _ _ _ _ _ _Japan _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Other countries

Other claims in U.S. dollars .__ _ __ _. _ _CanadaUnited KingdomOther Western EuropeJapanOther countries

Foreign currency deposits a n d other claims. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _CanadaUnited KingdomOther Western Europe _ _ _ _ _ _ _ _JapanOther countries

Claims reported by U.S. private residents other than banks:Long-term (table 1 , line 39 , with sign reversed) _ _ _ _ _ _ _ _ _ __ , _ _. _ _ _ _ _ _

Canada _ _ _ _ _ _ _ _ _ _ _United Kingdom _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Other Western EuropeJapan _ _ _ _Other countries _ _ _ _ _ _ _ _ _ _ _ _ , . . _ _

Short-term (table 1, line 40, with sign reversed)

Seasonally adjusted

Reported by brokerage concernsReported by others

Canada _ _ _ _ _ _ _ _United KingdomOther Western Europe _ _ _ _ _ _ _ _ _ _ _JapanOther countries - _ _ _ _ _

Of which: Deposits and money market assets _ _ _U S -dollar claims reported by major U S corporationsForeign currency claims

CanadaUnited KingdomOther Western Europe _ _ _ _JapanOther countries

Memorandum items:

U.S. -dollar deposits in Canadian banks:As reported by major U.S. corporations other than banks (included in line B. 18) _ _As reported in Canadian banking statistics

1964

941

-1739

550136233

1,523

737362386

174418

38619

-420

189162

1751

10324785

1682277-7742

579

-2460-214

343

2943626-1

-12

623

— 17640335926220

131

194181

1314836

-16206

97224

1965

232

19-1

-10715

306

-325

194-61-269

-29217

-1204

1235

-84-87

1322

-1-47857

-381-242-84-18-20-17

-150-113-25-23-415

88

44-26-4

965

-428

28-456-441-18

22-9

-10

-532-412-no-502-12-4

-11-3

-333-606

Total

— 337

-32-16

-368-119

198

84

16831

-1580

-34106

-58-7

863

-21997

95(*)

3243038

-49-87

1227

-1211

-7214

-14-13-31-28

112

33-483-3

3

329

9320

-115253115

364

155180

-25-8822535

-3013

-90-238

I

— 127

— 123

-17(*)-98-11-1

-145

-85

-10415

-13A

-20-82

37(*)

2-72913

15o54

20-12

-46-39-9-5

34

-474

-52

-17-27

17

3-412-1

7

174

180

174-321188711

-10

1629468-212841-3-2

-24-126

1966

II

27

-182

-35-27

77

59

61

44-11-449-515

-70-2— 117

-59-25

332

-6(*)

307

272352

-63

25-16

454

-102

51

12(*)

43-7

3

29

-1

34-5

-1652

-31-18

8

-3629

-65-34

33-16-21

2

-33-63

III

— 102

-73

9-12

— 119-32

52

-229

-16

32-21

1620

-2441

-208-2— 116

-218o

54(*)(*)

168

30

-64-87

1321-9-2

-4323

-47-11-3-5

28

16Q

712

-4

68

43

68-41106

12-9

(*)

6181

-20-23

83-2

25

-20-54

IV

— 107

— 168

— 6— 6

— 116—49

70

399

124

19648

— 141515

132

183-3

83729

112

-7(*)

4-28

13

341639

(*)6

-73

-7-4-1

2

16

23

21-7-3

58

107

-2583

-26-23

47.1966

-32-24-8

-29-19

12-4

8

-135

1967

I P

— 156

— 153

— 1— 1

—80-39-35

19

82

-122201

-86-50-7

8813

(*)-32

6047

69(*)-1

22147

-22-16-4-8

7-1

6-924

-14(*)

5

67

124

34125

66

75

66-12

829

-11

n.a.26

n.a.n.a.n.a.n.a.n.a.n.a.

-18-1

AmountsutstandingMar. 31,

1967

4 024

31368

1 065287

2,291

7,930

3,017211

50455526

1,775

2,6285925

2391,451

854

1,4361225

191507701

4301783447

11358

41915684952955

1,572

53531

230107669

2,813

1282,685

471658639164753

n.a.831

n.a.n.a.n.a.n.a.n.a.n.a.

210626

p Preliminary. * Less than $500,000(±). n.a. Not available.



Table 7.—U.S. Liquid Liabilities to Foreigners[Millions of dollars]

35

Line

1

2

3456

789

10111213

14

15

15a

16171819

20

212223

2425

26

272829

3031

Liquid liabilities to all foreigners (table 1, lines 58 and 59; table 3,lines 8 through 12) _ . - __ __ __ _

T o foreign official agencies _ _ _ „

Central banks and governments -Demand deposits. _ _ __ _. _ _ _Time deposits 1

Other private obligations, mainly money marketpaper J . _ _ __ _

U.S. Government obligations:Short-term securities and other obligations. _ _ _

Payable in U.S. dollars 2

Payable in foreign currencies

Bonds and notes, marketable _ ,Bonds and notes, nonmarketable, convertible

Payable in U.S. dollars-. ..Payable in foreign currencies _

International Monetary Fund 3 . _ _

To foreign commercial banks -

Seasonally adjusted *

Demand depositsTime deposits i _Other private obligations , mainly money market paper i_ .U.S. Government short-term securities.

To other foreign residents and unallocated

Demand depositsTime deposits i_Other private obligations, mainly money market paper i_

U.S. Government obligations:Short-term securitiesBonds and notes

To international and regional organizations not includedabove

Demand deposits. .Time deposits 1Other private obligations, mainly money market paper *_

U.S. Government obligations:Short-term securities. ._Bonds and notes

1960

1,756

1,448

1,148

\ 204

400

644644

—100

300

140

> 841-284-417

-167

} 16

-38

-1472

335

}• 143-6

83115

1961

1,764

681

681350

111

20616046

14

586

644

-26-32

90

127

-3

—1—33

407

13555

-237454

1962

670

456

456—127

-165

887885

2

-139

-138

—2396140

140

119122

-33—68

212

18583

278-334

1963

2,293

1,673

1,673619

114

-229—211-18

466703150553

470

263222-15

385

362117

3—97

—235

— 113-6

—357241

1964

2,629

1,075

1,075/ 189I 369

223

-246

-SO

-58376

376

1,454

f 903\ 129

34874

343

( 311 291

33

-4735

—243

f -5\ —177

176

16-253

1965

113

-18

—52-56

46

224

-368—S68

—20122

122

34

116

—86—67298

-29

306

43323

-171

1596

—291

-24—6

-48

-61-152

Total

789

-1,595

-1,772144

—250

-123

-353-870

517

—245—945-125-820

177

2,697

1 85434947024

212

—61225-3

— 556

—525

15—62-93

42-427

I

-377

—852

—9834011

-228

-434—751

817

—5—367

-367

131

404

154

483— 164

88o

109

—4410923

120

—38

13142

129-196

1966

II

81

54

3616

— 122

370

-58—108

50

6— 176

-176

18

316

492

16717

181-49

66

—45434

-16—2

—3550

—65-61

-103-123

III

613

—598

—626— 103

—34

—38

29— 122

151

—254—226

-226

28

1,144

1 062

70623212878

91

5468

35—3

—24

3— 7

(*)

24-44

IV

472

— 199

— 199191

— 105

—227

110111—1

g— 176—125

— 51

833

989

49826473

—2

—54

— 1816

-68

-2541

— 108

2—4

-34

-8-64

1967

I P

— 784

—83

— 100—389

193

118

287359

—72

572

72

17

— 751

— 1 001

— 518— 189-47

3

86

433411

2̂

—36

-3A

123

-59-93

Amountsoutstand-ing Mar.31, 1967

28 989

14 584

13 5561 2902 475

1 479

7 1196 675

'444

865328

25303

1 028

9 178

6 1181 0541,866

140

4 358

1 5561 853

340

79530

869

54135295

153232

v Preliminary. *Less than $500,000 (±).1 With maturity of 1 year or less; negotiable certificates of deposit with a maturity of 1 year

or less are included with money market paper.2 Includes changes in Treasury liabilities to certain foreign military agencies during 1960-62.3 Includes liabilities of U.S. monetary authorities for gold deposited by and held for IMF.

Excludes dollar holdings of IMF except holdings acquired through gold sales to the United

States with the option to reverse the transactions. These reversible transactions amountedto $200 million in 1956, $300 million in 1959, and $300 million in 1960.

4 Seasonally adjusted U.S. liquid liabilities to foreign commercial banks for earlier yearswere (in millions of dollars): 1960: I, 267; II, 228; III, -15; IV, -340; 1961: I, -213; II, 528;III, 54; IV, 217; 1962: I, 242; II, -162; III, -248; IV, 30; 1963: 1,165; II, 194; III, -71; IV, 182;1964: I, 18; II, 236; III, 527; IV, 673; and 1965: I, -85; II, -39; III, 623; IV, -383.



Table 8.—U.S. International

[Millions of

Line

12

3456

789

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

58

59

60



Merchandise, adjusted, excluding militaryTransfers under military sales contracts. _Transfers under military grants, netTransportation

TravelFees and royalties from direct investmentsOther private services _. _ _ _Other U S. Government services


Other private assetsU.S. Government assets


Merchandise, adjusted, excluding militaryMilitary expendituresTransportation. _ _ _

TravelPrivate payments for other services __ _ _ _ _ _ _U.S. Government payments for other services


U.S. Government payments

Balance on goods and services (lines 1 and 14)Excluding transfers under military grants (lines 2 and

14)

Unilateral transfers, net; transfers to foreigners (— ).Excluding military grants _ _ -

Private remittances _ _ _ _ _ _Military grants of goods and servicesOther U S. Government grantsU.S. Government pensions and other transfers . _ _ . _

Balance on goods, services, and unilateral transfers (lines23 and 25, or 24 and 26)

Transactions in U.S. private assets, net; increase in assets(-).



Claims reported by U.S. banks:Long-termShort-term

Claims reported by U.S. residents other than banks:Long-termShort-term _ _ _ _ _ _

Transactions in U.S. Government assets, excluding officialreverse assets, net; increase in assets (— ).

Foreign currencies and other short-term assets

Repayments on credits:Scheduled _Nonscheduled

Transactions in U.S. official reserve assets, net; increasein assets (— ).

Golds __ .Convertible currenciesGold tranche position in IMF 3

Transactions in foreign assets in the United States, net;increase in foreign assets (U.S. liabilities) (+).



Other liabilities reported by U.S. private residentsother than banks:

Long-termShort-term

Liabilities of U.S. Government, excluding marketableor convertible securities:

Associated with specific transactions _ _Other nonmarketable, nonconvertible, medium-term

securities.

U.S. Government marketable or convertible bonds andnotes.

Deposits and money market paper held in the UnitedStates.

Errors and omissions and transfers of funds betweenforeign areas, net; receipts by foreign areas (— ).

United Kingdom

1960

2,2002,200

1,45110

176

2951

11212

2174993

-2,030

-984-287-294

-114-160

-7

-157-27

170

170

-28-28

-17

-11

142

-896

-589

1

35-124

1-220

86

17

69

550

550

715

31-48

2

(*)-46

10

89

677

-597

1961

1,9971,997

1,18816

190

3066

11513

2395090

-1,880

-892-225-311

-105-158

-4

-153-32

117

117

-29-29

-18

-11

88

-101

-196

-52

465

375

85

16

69

306

306

649

46-17

9

-2269

(*)

16

559

-1,027

1962

1,9551,955

1,15118

204

3779

10612

2114889

-1,984

-1,002-197-330

-113-151

-6

-152-33

-29

-29

-42-42

-30

-12

-71

-205

-170

31

-15-41

3-13

77

(*)6

71

387

387

-745

20-34(*)

-12-48

12

-65

-618

557

1963

2,0672,067

1,24713

210

4098

10713

1995387

-2,060

-1,072-184-346

-119-137-10

-169-23

7

7

-39-39

-26

-13

-32

-268

-124-155

41

-13-15

-64

78

4

74

-344

-329-15

128

44207

(*)

(*)6

42

g

-126

438

1964

2,5512,551

1,60643

230

5810912316

2816916

-2,149

-1,135-173-341

-130-149-11

-188-22

402

402

-41-41

-27

-14

361

-419

-214-9

49

-39-82

-36-88

13

4

9

-864

-618-246

592

-36-384

29

33(*)

86

417

317

1965

2,6502,650

1,62856

245

7113913115

2706332

-2,508

-1,410-154-394

-142-112-13

-241-42

142

142

-48-48

-32

-16

94

-248

-317-80

10

1100

2612

26

16

10

-545

-150-395

443

-66-519-27

2335

29(*)

139

829

230

1966

2,9072,907

1,75478

258

68151131

20

25092

105

-3,020

-1,776-145-441

-167-120-15

-304-52

-113

-113

-54-54

-36(*)(*)-18

-167

-631

-384-15

-6

166

4-252

-60

-1411

80

-381

-80-301

1,131

23-101

32

11540

103-1

-205

1,125

108

Other Western Europe

1960

7,8166,903

5,268211913643

5980

23541

17192

103

-6,364

-3, 1901,351-691

-543-67-73

-290-159

1,452

539

-1,353-440

-120-913-240-80

99

-621

-373-24

25-127

-35-56

-10-21

51

-23255

19731

1,168

1,168

230

82281

3

-3-53

-31

-124

75

-927

1961

8,0747,463

5,638250611651

61100240

52

240122109

-6,268

-3, 153-1,291

-763

-485-82-76

-293-125

1,806

1,195

-1,077-466

-119-611-254-93

729

-1,045

-528-57

30-181

-131-114

9-73

596

-27626

177669

330

446-116

1,020

32264-3

2551

2

-13

662

-1,630

1062

8,9578,331

5,986520626708

66143264

55

309156124

-6,946

-3, 532-1,423

-847

-503-80-80

-323-158

2,011

1,385

-1,085-459

-135-626-216-108

926

-1,101

-697-195

33-47

-69-69

-3-54

590

-28750

161666

740

72020

801

42157

3

-12-69

466251

-66

29

-1,956

1963

9,5588,805

6,369527753748

7117427456

30818791

-7,273

-3,647-1,327

-955

-588-90

-105

-363-198

2,285

1,532

-1,176-423

-159-753-147-117

1,109

-1,492

-800-117

23-38

-475-37

-9-39

88

-305-19

135277

631

729-98

1,578

-6032

-1114

323-64

658

713

-1,914

1964

10, 2569,706

6,981560550826

10719727359

37822897

-7,805

-4, 057-1,311-1,007

-613-98

-113

-372-234

2,451

1,901

-921-371

-165-550-81

-125

1,530

-1,886

-1,174-26

35102

-550-191

-26-56

-229

-470102

11425

733

70627

1,413

24-149

24

-439

164-22

263

1,074

-1,561

1965

10, 75210, 214

7,268475538884

12924228861

498254115

-8,674

-4, 778-1,304-1,076

-653-91

-102

-427-243

2,078

1,540

-971-433

-163-538-76

-194

1,107

-1,011

-1, 162-15

35110

107-59

4-31

33

-436120

162187

1,498

1,44949

-937

2385

-18

(*)81

292-6

69

-1,463

-690

1966

11,21210,927

7,831490285968

14230627871

475254112

-10,183

-5,871-1,375-1,209

-679-94

-113

-576-266

1,029

744

-656-371

-158-285-39

-174

373

-1,241

-1,421(*)

37156

368-181

-83-117

187

-41931

165410

502

739-237

1,250

67426

5

104127

151-47

-816

1,233

-1,071

1 Includes transactions with shipping companies operating under the flags of Honduras,Liberia, and Panama.

2 Excludes undistributed profits of subsidiaries.

3 Reflects $259 million payment of gold portion of increased U.S. subscription to the IMFin the second quarter of 1965.

Source: U.S. Department of Commerce, Office of Business Economics.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

June 19G7 SUKVEY OF CURRENT BUSINESS 37

Transactions by Area—Continueddollars]

Eastern Europe

1960

229229

203

8

(*)c

(*)

9

-93

-81-1

-7

_2

136

136

-30-30

-24

-5-1

106

-3

3(*)

-118

-5-121

8

9

-2

(*)

(*)

11

3

1961

164164

140

6

9(*)

9

-92

-81-1

-4(*)-4

72

72

-27-27

-21

-4-2

45

-4

— 1

-1

-1-1

-47

2-55

10

-6

(*)

(*)

-6

12

1962

155155

131

(*)

10(*)

9

-92

-79-1-2

-6(*)-4

63

63

-36-36

-27

-72

27

3

(*)(*)

21

-45

-2-56

13

1

(*)(*)

(*)

1

14

1963

202202

174

(*)

111

9

-101

g2-1-4

— 7(*)

(*)(*)

101

101

-22-22

-11

-8-3

79

-19

-19-8

9-1

-31

<3»14

4

(*)

(*)

(*)

(*)

4

-33

1964

395395

356

18

111

c

-123

-99-1— 7

-9(*)

(*)(*)

272

272

-18-18

-10

-5-3

254

-2

(*)

2-5

(*)1

-38

(*)-52

14

-3

(*)(*)

1

(*)

(*)

-4

-211

1965

174174

147(*)

(*)

121

8

-165

-138-1— 7

-11(*)

0

(*)(*)9

9

-18-18

-8

-6-4

-9

-5

(*)

8-12

(*)-1

19

5

14

13

(*)

(*)(*)

(*)

(*)

13

-18

1966

231231

200(*)

6

(*)

121

(j

-206

-177-1

c

-12(*)-8

(*)(*)

25

25

-14-14

-9

-1-4

11

9

— 715

(*)1

20

3

17

12

(*)

(*)

(*)

13

-52

Canada

1960

5,1175,117

3,76835

98

46995596

362225

-4,029

-2,908-387-109

-380-26-4

-184-31

1,088

1,088

-36-36

-4

-32

1,052

-837

-451-221

112-94

28-149

2-64

7

7

196

18-15

-1-1

-9

-37

241

-418

1961

5,2325,223

3,712389

107

44911169

464271

-4,231

-3,087-357-120

-425-33-3

-178-28

1,001

992

-36-27

1-9

-28

965

-1,065

-302-237

55-88

2-133

8-370

-2

2

313

-3-26

53-15

-26

13

317

-211

1962

5,4005,400

3,89326

120

39212771

476292

(*)

-4,692

-3,498-326-120

-479-50-5

-179-35

708

708

-22-22

1

-23

686

-710

-314-457

8379

-3030

-7-94

(*)

(*)

-193

— 190-3

637

4331

2819

-6

-69

591

-420

1963

5,6165,616

4,10418

128

372134714

455330

-4,993

-3,715-296-135

-522-58-11

-199-57

623

623

-28-28

-4

-24

595

-918

-365-693

10737

14-112

-12106

1

1

(*)

(*)

106

4414

-5-8

-11

422

-361

216

1964

6,7206,720

4,78434

139

448162115

6

634398

-5,502

-4, 190-258-145

-550-76-15

-203-65

1,218

1,218

-30-30

-3

-27

1, 188

-1,549

-253-700

8717

17-87

-294-336

1

1

(*)

(*)

263

26• 38

-329

224(*)

3

-5

97

1965

7,6107,610

5,46060

149

491185124

7

703431

(*)

-6,166

-4,817-177-148

-600-91-14

-248-71

1,444

1,444

-34-34

-5

-29

1,410

-581

-912-709

108147

-19410

-44438

(*)

(*)

-3

-3

-335

4347

121

-23(*)

-14

-410

-491

1966

8,9768,976

6,53739

157

586215154

766515

(*)

-7,509

-6,043-204-157

-678-101-21

-231-74

1,467

1,467

-36-36

-5

-31

1,431

-1,490

-1,087-922

26891

3249

-33112

1

1

-202

-200_2

97

2243

-1354

-13-1

-110

-65

163

Latin American Republics

1960

5,3165,244

3,5261972

233

29791

19327

64113879

-4,637

-3, 619-59

-176

-465-208-61

-35-14

679

607

-280-208

-89-72

-106-13

399

-537

-95-107

12(*)

-123-180

-34-10

-161

-331-29

17722

100

100

-46

3141

2-9

-9

-46

-2

245

1961

5,4885,360

3,49617

128219

33598

20332

73015377

-4,291

-3, 298-57

-132

-492-203-65

-37-7

1,197

1,069

-390-262

-95-128-151-16

807

-453

-173-18

14-18

-15-135

-93-15

-703

-798-69

13826

109

109

178

-135

(*)

-113

29

192

-89

62

1962

5,4135,332

3,3221681

237

38111718041

762164112

-4,488

-3,458-76

-143

-531-160-73

-38-9

925

844

-374-293

-100-81

-176-17

551

-219

32-102

14-22

46-70

-85-32

-501

-621-59

16415

-175

-175

232

5-22

2

(*)19

104

-79

203

112

1963

5,4785,423

3,2631755

264

42512417851

801174126

-4,606

-3, 513-79

-159

-556-142-84

-62-11

872

817

-453-398

-134-55

-244-20

419

-166

-69-35

18-1

-127-98

148-2

-379

-557-71

21534

-32

-32

625

-259

48

1-20

26

-29

615

-467

1964

6,2056,140

3,7791765

283

46713418459

895199123

-4,726

-3, 556-82

-178

-569-148-106

-78-9

1,479

1,414

-438-373

-115-65

-236-22

1,041

-1,014

-141-201

132

-126-469

5-93

-248

-472-58

18894

-56

-56

524

1718

126

-27

9

-16

365

-247

1965

6,3006,241

3,7463159

285

54516218064

869235124

-4,960

-3, 699-83

-192

-638-110-119

-109-10

1,340

1,281

-508-449

-115-59

-309-25

832

-341

-176-37

10-4

-47-68

-4829

-331

-62573

20912

-17

-17

481

27-110

(*)

6

-3

446

-624

1966

7,0236,951

4,1802272

337

61816419668

963285118

-5,384

-3,990-85

-208

-697-114-133

-145-12

1,639

1,567

-491-419

-108-72

-282-29

1,148

-487

-162-49

17-14

-61-191

(*)-27

-386

-69130

25817

39

39

-32

1441

195

123

-123

3

-186

-282

Line

12

3456

789

10

111213

14

151617

181920

2122

23

24

2526

27282930

31

32

33343530

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

58

59

60



TableS.—U.S. International[Millions of

1

Line

12

3456

789

10

111213

14

151617181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60


Exports of goods and services _ - -Excluding transfers under military grants

Merchandise, adjusted, excluding military _ _ _Transfers under military sales contractsTransfers under military grants netTransportation

TravelFees and royalties from direct investmentsOther private services -Other U.S. Government services -

Income on U.S. investments abroad:Direct investments 2 --Other private assets _ _U.S. Government assets

Imports of goods and services - _ _ _

Merchandise adjusted excluding militaryMilitary expenditures _ _ _TransportationTravelPrivate payments for other services - -U.S. Government payments for other services --

Income on foreign investments in the United States:Private payments 2 -U S Government payments


Unilateral transfers net* transfers to foreigners ( — )Excluding military grants -

Private remittances -

Other U S Government grantsU.S Government pensions and other transfers

Balance on goods, services, and unilateral transfers (lines 23 and 25, or24 and 26).

Transactions in U.S. private assets, net; increase in assets (— )




Claims reported by U.S. residents other than banks:Long-term _ _ .Short-term

Transactions in U.S. Government assets, excluding official reserve assets,net; increase in assets (— ).

Loans and other long-term assetsForeign currencies and other short-term assets

Repayments on credits:ScheduledNonsche dule d

Transactions in U S official reserve assets net* increase in assets ( — )

Gold s

Gold tranche position in IMF 3



U.S. securities other than Treasury issuesLong-term liabilities reported by U S banks


Liabilities of U.S. Government, excluding marketable or convertiblesecurities:


U.S. Government marketable or convertible bonds and notesDeposits and money market paper held in the United States

Errors and omissions and transfers of funds between foreign areas, net;receipts by foreign areas (-).

Japan t

1961

2,1222,122

1,76724

119

131174

7

158012

-1,633

-1,054-385- 91

-46-4-7

-27-19

489489

-27-27

-21

-2-4

462

-828

-29-61

2-11

-4-670

-30-25

-23

-644

37

-256

n32

9

(*)-297

645

1962

1,9431,943

1,54024

118

131481

7

1911215

-1,960

-1,358-378-108-50-6-7

-38-15

-17-17

-28-28

-21

-1-6

-45

-527

-54-101

4-23

-51-212

-57-33

-56

-983

39

535

251

(*)-15

(*)

(*)524

93

1963

2,2892,289

1,82025

127

2015889

2113331

-2, 142

-1,497-362-126-52-5

-12

-64-24

147147

-32-32

-25

-7

115

-839

-68-164

9-29

-155-431

35-36

-53

-93-21

61

250

-1111

3-28

-5

(*)289

527

1964

2,5262,526

1,97416

136

2618

1018

3018433

-2,410

-1,769-326-136-54-6

-16

-79-24

116116

-29-29

-21

-17

87

-697

-78

18(*)

-136-482

1-20

50

-183

65

-1

1

200

-38(*)

-1

-47

1

(*)235

361

1965

2,6762,676

2,05131

142

2720

10711

47208

32

-3,140

-2,427-346-154-60-7

-15

-106-25

-464-464

-30-30

-22

-8

-494

-13

-19-52

77

-1559

-99

62

-245

6714

291

33(*)

2

(*)

1

4247

154

1966

2,9612,961

2,34124

153

3426989

43206

27

-3,850

-2,966-476-171-62-8

-15

-123-29

-889-889

-32-32

-22

-10

-921

365

-31-4

610

119266

3-4

-50

-112-2

64

56

56

-149

-245

194

-5

4

(*)-323

699

Australia, New Zealan d, andSouth Africaf

1963

1,1751,175

84926

58

203657

(*)

98283

-837

-655-105-46-13-1-8

-6-3

338338

-14-14

-11

-3

324

-111

-108-17

15-10

29-12

-2-6

31

(*)-1

1715

71

(*)(*)

-15

28

(*)38

-315

1964

1,5401,540

1,15640

73

264758

(*)

105332

-799

-601-103-55-14-1

-15

-6-4

741741

-11-11

-8

-3

730

-159

-136

1512

-43-3

5-9

14

(*)

121

26

2(*)

(*)13

5

6

-611

1965

1,7631,763

1,25896

68

3059711

140391

-806

-635-57-64-20-2

-17

-7-4

957957

-13-13

-9

-4

944

-323

-175

16-38

-97-17

-1-11

-11

-64(*)

503

8

8

49

-5-1

1

3-5

-32

(*)88

-667

1966

1,6511,651

1,14966

74

3366781

13747

(*)

-992

-806-59-66-21-2

-23

-9-6

659659

-17-17

-13

-4

642

-313

-170

24-5

-127-17

4-22

-39

-56(*)

17

91

(*)(\s

_241

29

(*)5

-381

tData for earlier periods have not been separately estimated, but are included in the totalsshown in table 1.

For footnotes see p. 36



Transactions, by Area—Continueddollars]

Other Western Hemisphere f

1963

645645

372(*)

51

3512111

1558

(*)

-801

-518-90-21

-152-7-3

-10(*)

-156-156

-29-29

-19

-8o

-185

-172

-167-1

1-1

8-12

-11

-6

-6(*)

(*)

27

16

(*)

(*)(*)

(*)

(*)20

336

1964

697697

4461

57

3613142

11612

(*)

-896

-593-93-26

-160-8-3

-13(*)

-199-199

-32-32

-23

-7_2

-231

-196

-125-7

1-11

-21-29

-1-3

-3

-3(*)

(*)

59

2-15

(*)

(*)

(*)

167

371

1965

773773

488(*)

71

441292

12621

(*)

-977

-654-79-28

-190-9-4

-13(*)

-204-204

-45-45

-20

22-3

-249

-58

-95

1-9

2714

-15

-4

-5-1

2

-7

2-12

28

(*'-3

(*)

2-24

318

1966

852852

538(*)(*)

71

4412141

14824

(*)

-1,057

-689-68-71

-203-8-5

-12-1

-205-205

-25-25

-12

-9-4

-230

-120

-114-20

216

11-6

1-10

-4

-5(*)

1

5

5

31

326-5

(*)3

(*)

-37

318

Other countries in Asia and Africaf

1963

6,5675,893

3,87320

674369

3259

150100

1,07366

151

-3,148

-2,224-492-141-105

-4-134

-35-13

3,4192,745

-2,351-1,677

-236-674

-1,368-73

1,068

-401

-248-68

107

-16-56

1-31

-1,316

-1, 148-292

124

24

24

249

2209

(*)8

115

1193

376

1964

7,2056,490

4,21535

715393

3970

151113

1,20887

179

-3,531

-2,532-514-152-112

-5-152

-48-16

3,6742,959

-2,447-1,732

-242-715

-1,415-75

1,227

-568

-236-116

615

-45-175

3-20

-1,195

-1,332-39

1733

4

4

449

-293

124

5-1

10400

83

1965

7,6856,654

4,19895

1,031369

4395

177123

1,241114199

-4,081

-2, 796-719-171-124

-5-180

-65-21

3,6042,573

-2, 694-1,663

-281-1,031-1,299

-83

910

-999

-550-134

165

-197-102

-15-22

-1,373

-1,339-202

1635

32

32

461

(*)23-1

220

28-1

-2392

969

1966

7,8377,197

4,638128640374

4894

179147

1,235131223

-4,966

-3,052-1,281

-165-138

-7-197

-94-32

2,8712,231

-2,523-1,883

-281-640

-1,513-89

348

-375

-245-120

2324

-14-25

-8-10

-1,205

-1,076-329

1991

49

49

955

118

413

(*)-13

81(*)

-1456

228

International organizations and unallocated l

1960

269269

136

136

1358

(*)

439

-527

-34

-376

-57

2-58

-258-258

-116-116

-2

-114

-374

-130

-12-97

19-40

(*)

-79

-74-7

2

176

-266

442

591

13

(*)

58

224296

-184

1961

281281

24

122

864

(*)

1746

-592

-38

-355

-136

2-61

-311-311

-112-112

-2

-110

-423

13

-8-12

1815

(*)

(*)

-73

-62-14

3

-248

-113

-135

343

12

(*)

58

340-67

388

1962

302302

13

132

1068

3247

-615

-58(*)-386

(*)-100

-1-70

-313-313

-156-156

_2

-154

-469

-240

-74-84

16-98

(*)

(*)

-121

-121_2

2

684

58

626

227

16

(*)

36

-442617

-81

1963

311311

11

153

877

1943

(*)

-612

-69(2as3(*)

-73

-16-71

-301-301

-146-146

-4

-142

-447

-70

-27

12-55

(*)

(*)

-77

-78-3

4

99

69

30

-56

221

(*)

56

331-466

551

1964

334334

1

169

685

27451

-696

-89(*)-415

(*)-98

-16-78

-362-362

-145-145

-3

-141-1

-507

-52

-78-41811

(*)

1

-39

-6319

5

355

89

266

-209

181

(*)

45

-30835

452

1965

392392

(*)

173

1093

69461

-726

-118-1

-440

(*)-70

-25-72

-334-334

-91-91

-3

-88(*)

-425

-164

-12-179

29-2

(*)(*)

(*)

4

(*)

4

249

343

-94

-68

21208

(*)

-97

-149-51

404

1966

386386

(*)

191

11107

28481

-770

-140

-418

-104

-31-77

-384-384

-74-74

-3

-71(*)

-458

151

152-80

2851

(*)(*)

(*)

5

5

500

-37

537

-85

251124

(*)

-116

-42985

-113

Line

12

3456

789

10

111213

14

151617181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60


40 SURVEY OF CURRENT BUSINESS


June 11)07

TableS.—U.S. International

Line

12

345G

789

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

CO



Merchandise, adjusted, excluding militaryTransfers under military sales contractsTransfers under military grants, net - _ _Transportation . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Travel -Fees and royalties from direct investments _ _ _Other private servicesOther U.S. Government services


Other private assetsU S. Government assets _ ._


Merchandise, adjusted, excluding military. _ _ _ _ _ _ _Military expendituresTransportation

Travel _ _ _ _ _ _ - _ _ _ _Private payments for other servicesU S Government payments for other services

Income on foreign investments in the United States:Private payments 2 _ _ - _ _ _ _U S. Government payments. _ _ _ _ __ _ _ _ _

Balance on goods and services (lines 1 and 14). _ _ __ _ _ _ _ _Excluding transfers under military grants (lines 2 and 14)

Unilateral transfers net; transfers to foreigners ( — )Excluding military grants

Private remittancesMilitary grants of goods and servicesOther U S Government grantsU S Government pensions and other transfers

Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24and 26).

Transactions in U S private assets, net; increase in assets (— )



Claims reported by U.S. banks:Long-termShort-term _ _ _ _ _

Claims reported by U.S. residents other than banks:Long-term - _Short-term. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Transactors in U.S. Government assets, excluding official reserve assets,net; increase in assets (— ).

Loans and other long-term assetsForeign currencies and other short-term assets

Repayments on credits:ScheduledNonschedulcd

Transactiors in U.S. official reserve assets, net; increase in assets (— )

Gold3 _ - . . - _ _Convertible currenciesGold tranche position in IM^F "

Transactiors in foreign assets in the United States, net; increase in foreignassets (U.S. liabilities) (+).

Direct investments 2 . ... _ . _ _ _ _ _ _U S securities other than Treasury issuesLong-term liabilities reported by U S banks

Other liabilities reported by U.S. private residents other than banks:Long-termShort-term _ ..

Liabilities of U.S. Government, excluding marketable or convertiblesecurities:


U.S. Government marketable or convertible bonds and notes _ _ _ _ _Deposits and money market paper held in the United States

Errors and omissions, and transfers of funds between foreign areas, netreceipts by foreign' areas (— ).

United Kingdom

1966

I

756756

46812

(*)57

123233

4

115203

-639

-379-45-94

-14-30-4

-57-16

117117

-11-11

(*)

-4

106

-208

-108

-6

(*)20

4-118

2

^

365

19346

475

(*)-61

1

21

13

11487

-740

II

668668

4178

(*)67

203731

6

53245

-739

-421-33

-125

-53-30-4

-59-14

-71-71

-12-12

-8(*)

-4

-83

-155

-67— 10

14

— 2-39

(*)-51

-82

-87-1

6

-166

-173

4

6-46

62

23(*)

46

-81

482

III

678678

42230

70

2439343

31223

-804

-458-32

-124

-74-30-3

-71-12

-126-126

-16-16

-11

(*)-5

-142

-154

-70

-12

1219

3-106

-29

-301

(*)

-612

-126-486

373

34-19

1

6135

36

-262489

564

IV

805805

44728

(*)64

124333

7

512694

-838

-518-35-98

— 23-30-4

-117-10

-33-33

-15-15

-10(*)

-5

-48

-114

-139-5

— 2

66

-323

49

-24

74

32

2012

279

-1725

-30

10

8

51230

-198

1967

IP

741741

44354

(*)61

113030

6

712510

-709

-426-44-97

-26-34-4

-75-13

3232

-11-11

-7(*)

-4

21

-166

-39

22

1-20

A

-82

-53

-59(*)

6

757

-3760

98

-9-23_2

6629

17

416

-657

Other Western Europe

1966

I

p2,8192,765

2,063125*>54218

24637216

996025

-2,297

-1, 379-359-249

-73-24-26

-127-60

P522468

p -138-84

-34p -54

-16-34

384

-143

-186

525

9814

-12-87

-68

-1149

361

28

155-127

-718

1899

12(*)

26-53

-372-448

517

II

p2,9702,846

2,006170

P124245

41747018

1256532

-2,557

-1, 409-343-352

-212-24-30

-124-63

p413289

p -210-86

-40p -124

-12-34

203

-414

-430

1065

35-72

-4321

-76

-129-1

531

223

21310

857

14288

(*)

561

-73-24

-167753

-793

III

"2,6002,548

1,78978

P52257

46816417

1206234

-2,709

-1,463-344-340

-292-22-29

-152-67

v -109-161

v -167-115

-40p -52

-70

-276

-109

-198

744

119-62

— 7-12

184

-888

48216

377

29978

573

3(

2251

1222

— 225703

-749

IV

p2,8232,768

1,973117p55248

31887220

1316721

-2,620

-1, 620-329-268

-102-24-28

-173-76

P203148

p -141-86

-44p -55

-6-36

62

-575

-607

1522

116-61

-21

147

-8815

28192

-126

72-198

538

40

6515

18653

-52225

-46

1967

IP

2,9092,721

1,931197188230

27677017

976322

-2,528

— 1, 579-354-262

-79-24-26

-143-61

381193

-273-85

-40-188

-8-37

108

-106

-303

166

80138

34

-26

-7824

28

260

18242

-262

586<

2226

115(*)

72-612

26

For footnotes see p. 36.


June 19G7

Transactions, by Area—Continued



41

Eastern Europe

1966

I

6464

57

(*)2

(*)

3(*)

11

-45

-40(*)-2

-1(*) 2

(*)(*)

1919

-3-3

_2(*)"(*)

16

1-2

(*)

6

2

4

-6

(*)

(*)

-5

-16

II

5252

46

1

(*)

3(*)

11

-48

-43(*)-2

-1(*)-2

(*)(*)

44

-5-5

-3

i-1

-1

-2

-12

(*)-3

1

(*)

1

(*)

-1

(*)

(*)1

2

III

4848

36

1

(*)

31

16

-59

-47(*)-2

-8(*)_2

(*)(*)

-11-11

-3-3

2

(*)-1

-14

13

-414

(*)3

11

(*)

11

9

1

(*)8

-19

IV

6767

61

2

(*)

3(*)

(*)1

-54

-47-1-2

_2(*)

_2

(*)(*)

1313

o

-3

_2

(*)-1

10

-2

g1

(*)

2

1

1

9

(*)

(*)9

-19

1967

IP

7979

73

1

(*)

3(*)

11

-58

-53(*)-2

-1(*)

(*)(*)

2121

-3-3

_2

(*)-1

18

-7

-4-3

9

fl

4

-17

(*)

-17

-3

Canada

1966

I

2,0092,009

1,48812

34

12543381

156112

-1,564

-1,319-44-33

-60-26-5

-58-19

445445

-9-9

-1

-8

436

-522

-200-425

85-50

1722

-332

-2

-2

-97

-1003

-149

3532

-426

21

7-266

334

II

2,3622,362

1,77513

41

1644439

2

146138

-1,852

-1,514-54-40

-146-24-5

-50-19

510510

-9-9

_2

-7

501

-292

-184-235

9812

184

-127

3

3

-50

-50(*)

-7

41100

-114

-6—1

3-137

-155

III

2,1452,145

1,5368

41

1946438

2

141121

(*)

-2,069

-1, 505-51-42

-365-25-7

-55-19

7676

-80

(*)

-8

68

-194

-306-131

5090

-987

-1641

-1

-1

-68

-50-18

-39

-13148

(*)20

-2

620

234

IV

2,4602,460

1,7386

41

1036439

2

323144

(*)

-2,024

-1,705-55-42

-107-26-4

-68-17

436436

-10-10

_2

-8

426

-482

-3971313539

6-64

o32

1

1

13

13

292

5763

24

-26

-126318

-250

1967

IP

2,2522,252

1,71017

35

12744371

155126

(*)

-1,859

-1,595-59-34

-64-25-4

-61-17

393393

-9-9

-1

-8

384

307

-1052565011

1-8

-1212

-1

-1

5

5

-165

739

(*)

826

-12

4-237

84

Latin American Republics and otherWestern Hemisphere

1966

I

pl,7961,783

1,1195

*1389

136415017

2356724

-1,644

-1, 205-41-64

-237-24-33

-35-5

p 152139

P -127-114

-28p -13

-77-9

25

71

-481891

3194

-35

-73

-15610

712

1

1

49

71343

13

-14

2-6

-73

II

*>1,9791,952

1,1484

p27102

171425117

3007938

-1,574

-1,137-40-72

-225-27-31

-38-4

*405378

* -151-124

-30P -27

-86-8

254

-171

"-80-14

1-7

-41-22

-7-1

-96

-18218

635

4

4

32

-1425

125

(*)_2

(*)

—2-100

-23

III

Pl,9601,943

1,1756

P! 7112

187445416

2557420

-1,620

-1,150-36-75

-239-38-39

-412

?340323

p -119-102

-28P -17

-66-8

221

-156

-68-28

213

-82

9-2

-143

-207(*)

5410

36

36

-133

_215-9

(*)

2

-1-141

175

IV

^2,1402,125

1,2767

Pl5105

168495519

3218936

-1,603

-1,187-36-68

-199-33-35

-43-2

P537522

» -119-104

-34P -15

-62-8

418

-351

-80-9

7-5

-40-187

2-39

-78

-1512

71

3

3

51

261431

(*)18

-107

168

-43

1967

IP

1,9341,914

1,1585

2098

158434920

2738426

-1,698

-1, 248-36-66

-246-24-31

-44-3

236216

-141-121

-30-20-81-10

95

-86

-44-38

53

27-53

-115

-130

-20715

62

196

-91529

7-4

-16

-17191

-75

Japan

1966

I

676676

5256

(*)35

76

251

9539

-834

-644-99-42

-82

-3

-28-8

-158-158

-7-7

-5(*)(*)_9

-165

-18

-8

13

11-15

1-11

4

-18-2

24

56

56

-62

Q

1

(*)

-5

-2

(*)-48

185

II

720720

55911

40

97

253

851

7

-938

-724-113-40

-18

-4

-30

-218-218

-9-9

-6

(*)-3

-227

100

-4

11

2750

718

-4

-153

8

-26

-101

48

(*)

4

(*)-69

157

III

730730

5821

(*)40

106

242

9515

-1,069

-841-121-44

-182

-4

-32

-339-339

-8-8

-5

(*)o

-347

254

-25-4

44

32246

-129

-7

-280

24

-101

-82

63

-4

4

(*)-158

201

IV

835835

6756

(*)38

87

243

17516

-1,009

-757-143-45

-18-2-4

-33

-174-174

-8-8

-6

(*)-2

-182

29

6

(*)2

49-15

7-20

-43

-51(*)

8

40

21

83

4

-2

(*)-48

156

1967

IP

802802

6485

(*)38

96

242

9529

-927

-703-126-45

-102

-4

-30— 7

-125-125

-8-8

-6(*)

-2

-133

-40

-31

1-1

39-38

1 22

-24

-47— 2

25

3

81

162

(*)3

2

(*)-173

194

Line

12

3456

789

10

111213

14

151617

181920

2122

2324

252(5

27282930

31

32

33343536

3738

3940

41

4243

4445

16

474849

50

515253

5455

5657

5859

60


Table 8.—U.S. International Transactions, by Area—Continued

Line

12

3456

789

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

3334

3536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

58

59

60

(Credits-)-; debits-)


Merchandise, adjusted, excluding military.-- -Transfers under military sales contracts _Transfers under military grants, netTransportation

TravelFees and royalties from direct investmentsOther private servicesOther U S. Government services


Other private assetsU S Government assets


Merchandise, adjusted, excluding militaryMilitary expendituresTransportation _ -

Travel _ __ _Private payments for other servicesU.S. Government payments for other services

Income on foreign investments in the UnitedStates:

Private payments 2

U.S. Government payments . _. __

Balance on goods and services (lines 1 and 14)Excluding transfers under military grants (lines

2 and 14).

Unilateral transfers, net; transfers to foreigners (— )_Excluding military grants

Private remittancesMilitary grants of goods and servicesOther U S Government grantsU.S. Government pensions and other transfers —

Balance on goods, services, and unilateral transfers(lines 23 and 25, or 24 and 26) .

Transactions in U.S. private assets, net ; increase inassets (— )


Foreign securities newly issued in the UnitedStates

Re demptionsOther transactions in foreign securities


Claims reported by U.S. residents other thanbanks:

Long-termShort-term

Transactions in U.S. Government assets, excludingofficial reserve assets, net ; increase in assets (— )._

Foreign currencies and other short-term assets

Repayments on credits:S che dule dNonscheduled

Transactions in U.S. official reserve assets, net; in-crease in assets ( — )

GoldsConvertible currenciesGold tranche position in IMF 3

Transactions in foreign assets in the United States,net; increase in foreign assets (U.S. liabilities) (+)_



Other liabilities reported by U.S. private resi-dents other than banks:

Long-termShort-term

Liabilities of U.S. Government, excluding mar-ketable or convertible securities:

Associated with specific transactionsOther nonmarketable, nonconvertible, medium-

term securities

U.S. Government marketable or convertiblebonds and notes _ _ _ -

Deposits and money market paper held in theUnited States

Errors and omissions andtransfers of funds betweenforeign areas, net; receipts by foreign areas (—)---

Australia, New Zealand, and South Africa

1966

I

369369

2754

17

518201

209

(*)

-217

-172-13-16

-7(*)

2i

152152

-5-5

-4

(*)

147

-89

-45

3-8

-32-8

-12

2

(*)

2

37

(*)C )2

-19

2

(*)

29

-97

II

401401

27113

19

101420

(*)

4113

(*)

-266

-216-18-17

-4-1

-2-2

135135

-4-4

-3

i

131

-103

-71

4Q

-33(*)

5

-2

-3(*)

1

24

(*)(*)

9

(*)3

1

(*)

11

-50

III

430430

30123

20

111618

(*)

3110

(*)

-270

-228-14-16

-4(*)

A

-3-1

160160

-5-5

-4

-1

155

-27

(*)

32

-299

-1-11

-23

-26(*)

3

8

4

(*)15

31

(*)

-42

-113

IV

451451

30226

18

71820

(*)

4515

(*)

-239

-190-14-17

-6-1

-22

212212

-3-3

-2

-1

209

-94

-54

144

-33-18

1-8

-16

-27(*)

11

22

(*)(*)

3

-114

-1

(*)

7

-121

1967

I

456456

33817

20

61818

(*)

2712

(*)

-240

-194-9

-17

-8-1

-3-t

216216

-4-4

-3

-1

212

-99

-73

4-6

-317

-34

-361

1

18

(*)(*)

12

(*)

-1

-97

Other countries in Asia and Africa

1966

I

p 1,9301,722

1,07834

p20891

8244533

3263251

-145

-747-260-39

-242

47

-20-6

P785577

p-803-595

-72p-208-501-22

-18

9

1

-2383

120

-32

-173

-29272

47(*)

34

34

178

(*)155

(*)

18

(*)

136

-30

II

* 1,9811,775

1,13941

P20691

13224439

3002957

-1,238

-765-310-40

-42-251

-21-7

p 743537

p-711-505

-74p-206-409-22

32

-282

-266

-464

26

-218

-1-15

-339

275-112

471

11

11

339

(*)10

103

-1-2

22

(*)

(*)

207

239

III

p 1,8871,762

1,12732

P12598

17204435

3023651

-1,327

-807-355-44

-37-240

-25-9

P560435

p-504-379

-63p-125-294-22

56

-51

-19

-164

-5

-19-2

-410

-299

-206-136

43

13

13

262

-1-328

3-13

19

(*)

-1

230

19

IV

P2.0391,938

1,29421

plOl94

10284640

3073464

-1,256

-733-356-42

-35-1

r j

-28-10

P783682

p-505-404

-72p-101-309-23

278

-51

39

-357

(*)

6-61

(*)

-394

-303-153

62

-9

-9

176

2A

277

-22

22

(*)

-117

(*)

1967

I P

2,1452,009

1,28732

13695

9244437

3903853

-1,363

-795-413-38

-26-2

C1

-28-10

782646

-589-453

-68-136-355-30

193

-391

-365

-246

-1

43-42

-4-4

-399

-859394

66

21

21

181

-216

149

5-14

26

(*)

(*)

1

395

International organizations andunallocated *

1966

I II III IV

9595

(*)

45

227

4161

-176

-34

-100

-7-18

-81-81

-20-20

(*)

-20(*)

-101

20

-10

723

(*)(*)

(*)

3

3

37

-97

134

118

744

(*)

-56

-196

292

-77

9595

(*)

49

327

79

-176

-42

-105

-3

-8-18

-81-81

-18-18

(*)

-18(*)

-99

47

28

514

(*)

(*)

46

24

22

-97

14294

(*)

(*)

-124

-209

103

9696

(*)

49

226

415

-221

-29

-104

-59

-8-21

-125-125

-20-20

(*)

-20

-145

-45

-7

-625

19

(*)(*)

(*)

2

2

336

1

335

-1

2813

(*)

-29

-44

31

-147

1967

I

100100

48

427

138

-197

-35

-109

-25

-8-20

-97-97

-16-16

-3

-13

-113

129

141

-1811

-5

(*)

(*)

81

35

46

-105

713

(*)

-31

-65

-29

8

9696

46

227

3171

-184

-32

105

-21

-8-18

-88-88

-24-24

(*)

-24(*)

-112

2

-5

-14183

(*)(*)

-15

-17

2

-16

15

-31

-22

(*)30

-37

-77

62

163

For footnotes see p. 36.

42



Table 9.—Changes in Reported Foreign Gold Reserves and Liquid Dollar Holdings Through Known Transactions With the United Statesand Through Other Transactions, by Area 1


Line1966

Total III IV

1967

All areas:

Total increaseThrough known transactions with the United States.Through other transactions

Western Europe, including United Kingdom:

Total increaseThrough known transaction with the United StatesThrough other transactions

United Kingdom:

Total increaseThrough known transactions with the United States _Through other transactions

Eastern Europe:

Total increaseThrough known transactions with the United StatesThrough other transactions

Canada:


Latin American Republics and other Western Hemisphere:


Japan:


Australia, New Zealand, and South Africa:

T otal increaseThrough known transactions with the United StatesThrough other transactions

Other countries in Asia and Africa:

Total increaseThrough known trans' ; ons with the United StatesThrough other transactions

International organizations and unallocated:

Total increaseThrough known transactions with the United States 2

Through other transactions

1,3141,217

97

849495354

294647

-353

-282-214-68

-247-99

-148

-322432

-754

218-376

594

379732

-353

706-97

1041391

-133-152

19

615123492

-5-21

16

-321-22

-299

-47-76

29

193-241

124-68192

85140

-55

44922

427

15610749

29424648

-254230

-484

13

-2

-196-339

143

-114-121

7

-6888

-156

130-39169

216457

-241

-107-226

119

634666-32

302285

17

179-539

-1119

-7192

-199

-13169

-200

-15843

-201

-15-155

140

230261-31

405147258

420431-11

386116270

293115178

9-10

19

242-45287

108-156

-21-114

93

-152-126-26

-41-40-1

176211

-35

484-134

618

n.a.120

n.a.

-17-20

3

-190-144-46

1709971

-17321

-194

-94-98

4

42417

-375

-46100

-146

v Preliminary. n.a. Not available.1 Total increase represents changes in reported gold reserves of foreign central banks and

governments (including international organizations but excluding the countries of the Sovietbloc) net of convertible currencies included in U.S. official reserve assets (table 1. line 48) plusforeign liquid claims on the United States (table 1, lines 58 and 59) plus net changes in foreignIMF positions through U.S. dollar transactions (table 1, line 49).

Changes through known transactions with the United States represents for each of the separateareas shown the sum (with sign reversed) of table 1, lines 23, 25, 32, 41, and 51-57. For "Allareas" line 60 is added, and for "All areas" and "International organizations and unallocated"line 23 is adjusted to exclude net sales or net purchases (—) of gold by U.S. private residentsto the U.S. monetary gold stock. These were (in millions of dollars): 1966, year, —140; I, —34;II, —42; III, —29; IV, —35; 1967, 1—32.

Changes through other transactions equals "Total increase" less "Changes through knowntransactions with the United States." For "All areas" this difference represents knownacquisitions (+) or sales (—) of gold by foreign central banks and governments outside theUnited States. The net acquisitions of gold equal the excess of new gold production abroadplus sales by the Soviet bloc less net gold purchases by others. For each of the separate areasshown the difference reflects net gold and dollar receipts (+) or payments (—) resulting fromtheir transactions with countries other than the United States, net of changes in their converti-ble currencies included in U.S. official reserve assets resulting from U.S. transactions withother areas, and from unrecorded transactions with the United States.

2 Includes transactions with shipping companies operating under the flag of Honduras,Liberia, and Panama.




(Text continued from page 21}

rise projected for 1967 investments maybe financed without an increase in theoutflow of U.S. capital. This is in linewith the estimates submitted to theSecretary of Commerce by corporationscooperating in the voluntary programto improve the balance of payments.

On the basis of these considerations itwould appear that the seasonally ad-justed first quarter rate of net capitaloutflows for direct investments mayhave been temporarily depressed.

SummaryThe effects of temporary factors on

goods and services transactions andGovernment grants and capital trans-actions, on balance, may have canceledout in the first quarter. However, thefirst quarter bulge in net capital out-flows through security transactions wasprobably more than compensated for

by the delay in the resumption of netnew lending by banks, and by thetemporary dip in the net outflow ofcorporate funds for direct investments.

Technical Note

THE. balance of payments tables pub-lished in this issue have been revisedto incorporate new information. Majorrevisions have been made in the fol-lowing transactions series (the linenumbers refer to tables 1, 2, and 8):

Lines 7 and 18-—International Travel.The estimates of transactions along

the Mexican border were revised mainlyto include expenditures in Mexicancurrency by Mexicans in the UnitedStates. This raised U.S. receipts in1966 by about $120 million and bysmaller amounts in earlier years. Otherrevisions of the estimates of transactionsalong the Mexican border resulted in

equal changes in both receipts and pay-ments and in a slightly different dis-tribution of these totals between trans-actions included in the travel accountand those attributed to Mexican mi-gratory workers. Transactions with thelatter are combined with other privateservices transactions (lines 9 and 19).These revisions are described in greaterdetail in a special article on internationaltravel expenditures on page 17 ff.

Line 21—Income on foreign invest-ments in the United States: PrivatePayments.

The estimate was raised to includeinterest payments by U.S. banks on de-posit liabilities to their foreign branches.This revision was over $200 million for1966, but was less for earlier years.

Seasonal adjustments were revisedby extending through 1966 the periodfor which seasonal variations are com-puted.

U.S. Residents Spent $4 Billion on Foreign Travel Last Year

(Continued from page 16)

the cooperation of the Federal ReserveSystem and its correspondent banks.

Line 9. Total U.S. receipts from Mexi-can visitors in the U.S. border zoneequals line 7 plus 8. Certain minoradjustments are also made at this time,such as the adjustment for Americancitizens living and working in Mexicobut visiting the United States.

Methods of estimating interior travel

expenditures on both sides remain essen-tially unchanged. However, on the pay-ments side, revisions have been made inthe basic "traffic" figures to interiorMexico in the light of information pro-vided by the Mexican Government.The result of the revisions is to raise ourestimates of U.S. travel outlays ininterior Mexico somewhat.

It may be noted that, through theFederal Reserve System, U.S. banks in

the border zone have for many yearsreported their receipts of dollar cur-rency from correspondent banks on theMexican side of the border. Thesefigures represent the total net paymentsof U.S. currency in the border zone ofMexico. They are equal to the differencebetween dollar receipts and dollar salesof Mexican banks in the border zone, asreported to the Mexican Government(line 1 minus 5).

U.S. GOVERNMENT PRINTING OFFICE : 1967 O - 263-760


CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEYOF CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical dataas follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicatedby an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthlySURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein correspondingto revised annual data are available upon request.

Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided throughthe courtesy of the compilers, and are subject to their copyrights.

Unless otherwise stated, statistics through 1964and descriptive notes are shown in the 1965edition of BUSINESS STATISTICS

1964 1965 1966

Annual total

1964

I II III IV

1965

I II III IV

1966

I II III IV

1967

I

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series

NATIONAL INCOME AND PRODUCTf

Gross national product totalf bil $

Personal consumption expenditures, total ._ do _

Durable goods, total 9 _ _ _ doAutomobiles and parts doFurniture and household equipment do

Nondurable goods, total 9 doClothing and shoes _ doFood and beverages.. _ _ d o _ __Gasoline and oil do

Services, total 9 doHousehold operation _ -doHousing _ _ do. __Transportation do

Gross private domestic investment, total do

Fixed investment doNonresidential do

Structures _ _ - - doProducers' durable equipment do

Residential structures . doNonfarm _ . do. _

Change in business inventories doNonfarm _ _ _ _ _ _ _ . _ d o

Net exports of goods and services . doExports _ _ _ - _ _ _ _ _do_ _Imports do

Govt. purchases of goods and services, total. _doFederal _ _ _ _ do

National defense doState and local _ _ do

By major type of product:!Final sales, total do

Goods, total doDurable goods _ _ _ _ _ doNondurable goods do

Services ___ _ doStructures _ _ _ do

Change in business inventories doDurable goods doNondurable goods ___ _ _ do

GNP in constant (1958) dollars

Gross national product, totalf bil. $_.

Personal consumption expenditures, total do

Durable goods _ doNondurable goods doServices do

Gross private domestic investment, total do

Fixed investment. _ doNonresidential _ doResidential structures d o _ _ _

Change in business inventories do

Net exports of goods and services do

Govt. purchases of goods and services, total _doFederal doState and local _ do

631.7

401.4

59.425 825.1

178.933.692.814 1

163.124.359.211 8

93 0

88 360 721.039.727 627.04 75.3

8 537.028 5

128.965 250 063 7

627 0313 6122 2191 3244 568 9

4.73 31 4

580.0

373.8

59 1170 5144 2

86.5

81 957 424.64.6

8.5

111.357 g53.4

681 2

431.5

66.129 827.1

190 635.998.415 1

174.825 663.212 8

106 6

97 569 724.944.827 827.29 18 1

7 039 032 0

136.266 850 169 4

672 1335 7132 2203 5262 0

74 5

9.16 32 7

614.4

396.2

66 4178 2151 6

97.8

89 064 924.18.8

6.3

114.157 85fi. 3

739.6

464.9

69.330 030.1

206.240.3

104.816 1

189.427.267.714 0

117 0

105 179 327 851.425 825 311 912 2

4 g42 737 9

153.076 960 076 2

727 7365 3145 9219 5285 9

76 6

11.99 02 9

647.8

415.5

70 7186 0158 7

104.7

93 672 121.511.1

4.7

123.264 059! 1

616 8

391.1

57 625 324 1

174 932 890 713 9

158 723 857 711 7

90 2

86 658 120 337.928 527 93 53 6

9 036 427 4

126.564 950 161 6

613 3307 1119 6187 5237 368 8

3.52 31 2

569.7

365.7

57 2167 2141 2

84.6

81 255 525.73.5

9.2

110.358 252^0

627 7

398.0

59.826 025 4

176 532 792.113 9

161.624 258.711 7

91 8

87 659 720 938.827 927 3

4 25 1

7 936 028 1

130.166 651 663 4

623 5311 4122 4189 0242 769 4

4.23 6

5

578.1

371.0

59 5168 4143 1

85.6

81 656 624.94.0

8.2

113.359 753.' 6

637 9

407.5

61.127 125 3

181 734 393.914 2

164.724 759.611 9

92 5

88 961 721 040.727 226 63 64 6

8 437 228 8

129.565 149 864 4

634 4318 8125 0193 8247 168 5

3.62 8

g

585.0

379.5

60 9173 3145 3

85.7

82 258 224! 13.5

8.4

111.357 4sa! 9

644 2

408.8

58.924 625 7

182 434.494.414 4

167.524 760.712 1

97 4

90 063 321 841.426 726.27 47 9

8 638 129 6

129.464 148 565 3

636 8316 9122 0195 0251 168 8

7.44 42 9

587.2

378.9

58 8173 1146 9

90.2

82 859 223.67.4

8.0

110.156 154.' 0

660 8

418.9

65.130 126 0

184 534 695.414 4

169.324 761 612 2

103 8

94 466 723 643.127 727 29 59 4

6 435 128 7

131.664 448 267 3

651 4324 3127 7196 6254 372 7

9.57 42 1

600.3

387. 1

64 8174 2148 1

95.9

86 662 324.49.3

5.7

111.556 255. 3

672 9

426.8

64.429 226 2

189 435 697.815 2

173.025 462 712 7

103 7

96 067 924 643.328 127 57 66 7

8 240 532 3

134.365 649 168 7

665 3331 2128 8202 4259 8

74 3

7.66 41 2

607.8

392.2

64 2177 6150 4

95.3

88 063 424.57.3

7.1

113.257 355! 9

686 5

435.0

66.730 227 3

191 436.098.715 3

176.926 063.613 0

106 7

98 070 224 445.827 827 38 77 2

7 140 133 o

137.767 550 770 2

677 8338 8134 3204 4265 1

73 9

8.76 72 1

618.2

398.9

67 2178 5153 1

97.9

89 465 523.98.5

6.4

115.058 356'. 7

704 4

445.2

68.029 928 8

197 037.5

101.615 7

180.226 364.713 4

111 9

101 573 926 847.127 627.010 49 0

6 140 334 2

141.269 852 571 4

694 0348 4137 9210 5268 8

76 9

10.44 75 7

631.2

406.5

69 2182 5154 8

102.2

91 968 423.510.2

6.0

116.659 357. 3

721 2

455.6

70 331 429 6

201 939 4

103.315 8

183.426 566.013 5

114 5

105 677 028 548.528 628 08 98 5

6 041 735 6

145.071 954 673 1

712 3357 0141 8215 2275 5

79 8

8.95 83 1

640.5

412.8

72 2184 1156 5

103.5

95 070 824.38.5

5.9

118.360 457.' 9

732 3

460 1

67 128 529 2

205 639 7

104 816 1

187 427 167 113 9

118 5

106 278 227 950.328 027 412 312 1

4 741 937 3

149.074 057 175 0

720 0359 3140 6218 7282 1

78 6

12.39 03 3

643.5

412.2

68 5185 8157 9

106.3

94 771 323.411.6

4.6

120.461 958.' 5

745 3

469.9

70.230 130 7

208.141.1

105.516 1

191.527.668.214 2

115 0

105 180.327.752.624.824.39.9

10.4

4.243.439.2

156.279.062 077.2

735 4369 7148 7221 0289 9

75 8

9.99 5

5

649.9

418.3

71 6187.1159.6

102.5

93 573.020.59.1

4.2

124. 965 559.4

759 3

474.1

69 629 830 7

209 240 8

105 416 6

195 327 769 514 5

120 0

103 581 627 354.421 921 316 417 6

4 143 639 5

161.181 765 579 4

742 9374 2151 7222 5296 2

72 5

16.411 9

4 6

657.2

418.5

70 6187.1160.8

106.4

91 273.317.915.2

4.1

128.367 660.7

763.7

479.9

68.427 931.1

212.541.6

106.917 0

199.127.870.614 9

109 3

103 781 628.752.922.121.55 66.0

5.445.640.2

169.187.069 782.1

758 1379 5151.4228 1304.2

74 5

5.61 93.7

656.7

422.0

69.6190.1162.3

95.7

90.572.617.95.2

5.3

133.671.662.0

••Revised. * Preliminary. f Revised series. Estimates of national income andproduct and personal income have been revised (see p. 11 ff. of the July 1966 issue of the

SURVEY); revisions prior to May 1965 for personal income appear on p. 18 f!. of the July 1966issue of the SURVEY. 9 Includes data not shown separately.

s-1Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

S-2 SURVEY OF CURRENT BUSINESS June


1964 1965 1966

Annual total

1964

III IV

1965

I II III IV

1966

I II III IV

1967

I II III

GENERAL BUSINESS INDICATORS— Quarterly Series— ContinuedNATIONAL INCOME AND PRODUCT— Con.Quarterly Data Seasonally Adjusted at Annual RatesNational income totalf bil $

Compensation of employees, total doWages and salaries, total do

Private doMilitary doGovernment civilian do

Supplements to wages and salaries doProprietors' income, total 9 do

Business and professional 9 doFarm do

Rental income of persons doCorporate profits and inventory valuation adjust-

ment, total bil. $By broad industry groups:

Financial institutions doNonfinancial corporations, total _do

Manufacturing, total _doNondurable goods industries doDurable goods industries do

Transportation, communication, and publicutilities bil $

All other industries doCorporate profits before tax total do

Corporate profits tax liability doCorporate profits after tax _ do

Dividends doUndistributed profits do

Inventory valuation adjustment doNet interest doDISPOSITION OF PERSONAL INCOMEf

Quarterly Data Seasonally Adjusted at Annual RatesPersonal income total bil $Less* Personal tax and nontax payments doEquals: Disposable personal income doLess' Personal outlays© doEquals' Personal savings do

NEW PLANT AND EQUIPMENTEXPENDITURES

Unadjusted quarterly or annual totals:All industries . bil. $

Manufacturing doDurable goods industries doNondurable goods industries. _ _ . do _

Mining doRailroad _ doTransportation, other than rail . do _Public utilities doCommunication doCommercial and other .do

Seas. adj. qtrly. totals at annual rates:All industries do

Manufacturing doDurable goods industries doNondurable goods industries do

Mining __ doRailroad doTransportation other than rail doPublic utilities ... doCommunication doCommercial and other do

U.S. BALANCE OF INTERNATIONALPAYMENTScf

Quarterly Data Are Seasonally Adjusted(Credits +; debits -)

Exports of goods and services (excl. transfers undermilitary grants) mil. $.

Merchandise, adjusted, excl. military doMilitary sales doIncome on U S. investments abroad doOther services do

Imports of goods and services _ doMerchandise, adjusted, excl. military doMilitary expenditures. . ._ _ doIncome on foreign investments in the U.S-.doOther services _ _ do

Unilateral transfers, net (excl. military grants);transfers to foreigners (— ) mil. $..

Transactions in U.S. private assets, net; increase(— ) mil $

Transactions in U.S. Govt. assets, excl. officialreserve assets; increase ( — ) mil $

Transactions in U.S. official reserve assets, net;increase (— ) mil $

Transactions in foreign assets in the U.S., net (U.S.liabilities)' increase (-f-) mil $

Liquid assets - . doOther assets do

Unrecorded transactions __ doBalance on liquidity basis— increase in U.S. official

reserve assets and decrease in liquid liabilities toall foreigners' decrease ( — ) mil $

Balance on official reserve transactions basis— in-crease in U.S. official reserve assets and decrease inliquid and certain nonliquid liabilities to foreignofficial agencies; decrease (-) mil. $.* Revised. » Preliminary.1 F.stimates for Apr.-June 1967 based on anticipate2 Estimates for July-Sept. 1967 based on anticij

Anticipated expenditures for the year 1967 are as foilfacturing, total, 27.91; durable goods industries, 14mining, 1.56; railroad, 1.53; transportation, 3.82; pu(incl. communication), 18.46. s includes commui

517.3365.7333.6269.311.752.632.051.939.912 017.7

66.6

8.458.232.414.517.9

10.415.467.028.438.717.321.3-.415.5

496.059.4

436.6412.124.5

44.9018.589.43

. 9.161.191.412.386.224.30

10.83

' 37, 09925, 297

'847' 5, 389' 5 666

r-28, 637-18,621

'-2,861' — 1,455'-5,700

'-2, 782

'-6,542

-1,674

171

'3,314' 2, 629

685' -949

'-2, 800

'-1,548

d capital3ated cap>ws (in bil50; nondiblic utilitlication.

559.0392.9358.4289.112.157.134.555.740.715.118.3

74.2

8.965.337.815.722.1

11.116.475.731.244.519.225.3-1.517.8

535.166.0

469.1443.425.7

51.9622.4511.4011.051.301.732.816.944.94

11.79

'39, 147'26,314

844' 5, 888' 6, 171'-32,203'-21,472'-2, 921'-1,729'-6, 081

'-2, 824

'-3, 743

-1,575

1,222

'391'113'278

' -415

' 1 335

'-1,304

expenditital expe.$):Alliirable ges, 9.12;

610.1433.3392.3314.814.662.841.057.841.816.018.9

80.2

10.070.241.017.323.8

11.917.282.333.948.420.927.4

-2.120.0

580.475.1

505.3478.3

27.0

60.6326.9913.9913.001.471.9S3.448.415.62

12.74

' 43, 039' 29, 168

'847' 6, 245' 6, 779

'-37, 936'-25, 510'-3, 694'-2, 074'-6,659

'-2,925

'-4,132

'-1,531

568

'3,301'789

' 2, 512' -383

'-1,357

' 225

ures of bundituresndustries,oods indicommerci

522.9369.8337.4272.311.753.432.451.940.311.717.8

67.8

8.459.333.014.618.4

10.615.767.828.739.117.421.7

.015.7

500.359.1

441.2418.422.8

11.544.672.372.30.30.37.59

1.711.062.84

45.6518.859.609.201.201.502.406.304.40

11.00

'9,371' 6, 370' 189

' 1,387'1,425'-7,208'-4, 730

-694'-362'-1, 422

-694

'-1,624

' -405

70

'664'448'216

' -174

' -518

' -239

si ness,of busii62.40;rmistries, 1al and o

528.5375.3342.2275.911.954.333.152.240.311.917.9

66.8

8.658.132.214.717.5

10.515.567.728.639.017.721.4

Q

16^3

507.560.9

446.6420.026.6

12.845.592.832.76.33.35.64

1.761.173.01

47.7520.1510.1510.001.301.552.606.354.40

11.40

' 9, 565' 6, 587

'298'1,322'1,458'-7, 440'-4, 907'-691' -380'-1,462

' -680

' 2 104

' -579

-151

' 1,724' 1,485

'239' -335

'-1,334

' -618

icss.mu-3.42;ther

543.3381.7348.2281.211.855.233.553.340.512.918.1

73.2

8.564.637.415.521.9

10.716.574.530.743.818.125.7-1.316.9

518.064.9

453.2430.322.8

10.794.542.252.28.29.39.58

1.321.082.59

49.0020.7510.4010.401.251.752.556.804.55

11.30

' 8, 768' 5, 628

'200'1,499' 1,431'-7, 232'-4, 669r -671' -401'-1,491

' -664

' 1,657

' -396

842

'286' -24'310' 53

' -818

' -834tSe9Ii0P

sume§Pecfft

Dec.

552.2387.8353.7285.811.756. 334.155.940.415.518.3

72.7

8.764.036.715.521.2

10.916.474.530.743.818.825.0

-1.817.5

527.666.6

461.0438.622.4

12.815.472.762.70.33.44.77

1.711.242.85

50.3521.5510.8010.701.301.552.706.854.80

11.60

'10,180-6,880

'192' 1, 562' 1,546'-8, 139'-5, 475'-711r -424'-1,529

' -775

' -389

' -490

68

' -342' -267' -75' -113

'199

'239e correspicludes iersonal <rs, and prsonal salore comssues of 1

562.7395.6360.8291.112.057.734.856.740.716.018.4

74.0

8.965.037.415.521.9

11.216.475.030.944.119.524.6-1.018.1

541.965.7

476.2447.129.0

13.415.732.912.82

.32

.44

.721.881.223.10

52.7523.0011.7511.251.251.703.006.755.05

11.95

'10,080'6,811

'2301,4741,565

-8, 233-5, 556

-754-435

-1,488

' -725

' -885

' -244

41

'211'416

' -205' -245

' -457

'207onding nnventoryoutlays cersonal tving is eplete detthe SURV

577.8406.5370.8298.513.059.335.757.141.116.018.5

76.9

9.567.539.616.423.2

11.516.478.732.446.320 226.1-1.818.7

552.866.7

486.1457.628.5

14.956.723.483.24.35.46.73

2.041.413.25

55.3524.1512.4511.701.351.953.007.305.30

12.25

'10,119' 6, 925

'2121,3531,629

-8, 599-5, 772

-785-469

-1,573

'-660

' -812

' -445

271

'236' -12'248

' -110

' -259

' -910ote on p.valuatic

om priseransfer pxcess of dails are iEY; quar

595.7419.6380.0305.913.660.439.658.441.417.018.7

80.0

9.470.641.917.224.7

11.317.482.734.148.720.927.8

-2.819.1

564.669.5

495.1468.426.7

12.775.612.872.74.33.40.75

1.601.262.83

58.0025.6013.1512.45

1.401.753.308.255.35

12.35

'10,511' 7, 203

'2091,4691,630

-8, 977-6, 025

-861-475

-1, 636

' -851

' -981

' -365

. 424

'492'227'265

' -233

' -651

' -443S-1.n adjustpersonalaymentsisposabhiven interly rev

604.1427.9387.4311.514.161.840.557.941.616.318.8

79.9

9.870.040.617.223.4

12.017.482.834.148.721.127.6

-2.919.6

573.573.6

499.9473.326.6

15.296.783.513.27.40.55

1.002.091.423.06

60.1026.8013.8512.951.552.003.508.305.50

12.45

'10,618' 7, 181

' 222' 1, 535' 1,680'-9,265'-6, 225' -911' -471'-1,658

'-733

'-1, 135

' -500

68

' 1,14554

' 1,091' -198

' -122

' -175

ment.consum

to foreigi income;he quarisions ba

613.8438.3396.7318.015.063.741.557.341.915.418.9

79.1

10.169.039.517.022.5

12.217.281.933.748.221.127.1

-2.820.2

585.277.4

507.8483.324.5

15.576.843.543.30

.37

.48

.822.361.363.33

61.2527.5514.3513.201.451.853.408.555.60

12.85

'10,913' 7, 382

'206' 1, 587' 1,738'-9, 762'-6, 580' -953' -565'-1,664

' -709

' -932

' -328

82

'459'83

'376'277

' -165

' ' -861

ption extiers,over per;erly revck to 196C

626.7447.5405.0323.915.865.242.557.542.315.219.1

81.7

10.571.242.017.624.4

12.117.081.833.748.120.727.4

.021.0

598.379.8

518.4488.030.4

17.007.754.073.68.38.55.86

2.361.583.52

62.8027.7514.5013.251.452.353.508.505.95

13.30

'10,997' 7, 402

-210' 1, 654'1,731'-9,913'-6, 680' -969' -563'-1,701

' -632

'-1,084

' -338

-6

'1,205'425'780

' -229

' -419

' -18

penditur

sonal outews in tare on p

630.8456.1411.8328.416.367.144.357.042.214.819.3

'76.7

10.6'66.1

38.016.921.1

11.616.5

'77.4'31.8'45.6

21.5'24.0-.821.6

609.781.1

528.5494.134.4

' 13. 59'6.10'3.08'3.02'.32'.41'.701.841.35

'2.87

'61.65' 27. 85' 14. 20' 13. 70' 1.40'1.80'3.05'9.20

5.75' 12. 55

"11,317^7,690

P338Pl, 582p 1,707

p-9, 981p-6, 689p-1,041p-531

p-1,72

p-722

p-1,006

p-741

pl,027

^312p-483

P795p-206

p-544

p-1,822

es, inter

lays,he Mar.. 2 2 f f o f t

i 15. 62'6.89'3.58'3.31'.38'.40

'1.09'2.35

'3 4. 51

'161.55' 27. 30' 14. 20' 13. 10'1.50'1.50'3.80'9.25

'318.15

3St paid

June, Shis issue

2 15. 857.023.613.42.41.38

1.012.49

34.54

2 62. 8028.3514.6013.701.651.504.209.20

3 17. 95

by con-

ept., and


June 1967 SUEVEY OF CUEKENT BUSINESS S-3


1965 1966 v

Annual

1966

Apr. May June July Aug. Sept. Oct. Nov. Dec.

1967

Jan. Feb. Mar. Apr. May*

GENERAL BUSINESS INDICATORS—Monthly Series

PERSONAL INCOME, BY SOURCEf

Seasonally adjusted, at annual rates: fTotal personal income bil $

Wage and salary disbursements, total doCommodity-producing industries, total. do

Manufacturing doDistributive industries do

Service industries __doGovernment do

Other labor income. do ...Proprietors' income:

Business and professional . doFarm _ -do

Rental income of persons .._ _ doDividends _ ._ -.. - doPersonal interest income doTransfer payments doLess personal contributions for social insurance

bil. $„

Total nonagricultural income do

FARM INCOME AND MARKETINGS*

Cash receipts from farming, including Governmentpayments (48 States) total t mil. $

Farm marketings and CCC loans, total .doCrops _. . doLivestock and products, total 9 do

Dairy products -.. _do._Meat animals doPoultry and eggs. _ _ _.. do

Indexes of cash receipts from marketings and CCCloans, unadjusted:!

All commodities. .-- , 1957-59 = 100Crops -_ doLivestock and products. _ do

Indexes of volume of farm marketings, unadjusted:!All commodities 1957-59=100

Crops _ - -_ - __doLivestock and products ..do

INDUSTRIAL PRODUCTION rf1

Federal Reserve Index of Quantity Output

Unadj., total index (incl. utilities) rf_ .1957-59 = 100-By industry groupings:

Manufacturing, total doDurable manufactures .. doNondurable manufactures do

Mining _ _ _ doUtilities do

By market groupings:Final products, total do

Consumer goods . - . doAutomotive and home goods. - _ _ d o . - _Apparel and staples do

Equipment, including defense do

Materials doDurable goods materials doNondurable materials-.. _ . .do

Seas, adj., total index (incl. utilities) cf doBy industry groupings:

Manufacturing, total do

Durable manufactures 9 . -. doPrimary metals .. do

Iron and steel - - d oNonferrous metals and products do

Fabricated metal products doStructural metal parts . do

Machinery doNonelectrical machinery _._ .doElectrical machinery. ... do

Transportation equipment 9 doMotor vehicles and parts.. _ doAircraft and other equipment ..do

Instruments and related products, doClay, glass, and stone products ..do. -Lumber and products. doFurniture and fixtures doMiscellaneous manufactures ._ ..do,

Nondurable manufactures doTextile mill products doApparel products doLeather and products.. doPaper and products do

535 1

358.4144.3115 586.7

58.169.218.5

40.715.1

18.319.238.439.7

13.2

515 6

41,639

39, 18717, 33421,8535,070

12, 9433,527

122126118

119120118

143.4

145.0148.4140.8114.8160.9

142.5140.3159.9134.1147.0

144.2144.3144.1

143.4

145.0

148.4137.6133.6152.2147.8145 4

160.5160.4160.6149.2175.2125.3

151.4133.5117.4157.4146.0

140.8134.9145.1108.2142.3

580 4

392.3158.2127.293.2

63.577.420.8

41.816.0

18.920.942.844.6

17.6

559.7

46 151

42, 87918, 21324, 6665,592

14, 7264,027

133132133

120120120

156.3

158.7165.1150.7120.3173.4

155.4147.4166.5141.4172.6

157.1157.4156.9

156.3

158.7

165.1142.7136.2166.5162.8158 8

183.8181.9186.5168.3171.3165.2

176.5140.7119.3171.9157.9

150.7142.3150.3111.9152.1

570 5

384.7156.0125 291.5

62.075 220.4

41.516.7

18 721.041 842 6

17.0

549 1

2 951

2,832845

1,987465

1,169310

10574

129

8853

115

154.8

157.9164.9149.2115.5

152.6145.5173.1136.7167.9

156.7158.3155.0

153.9

156 6

162.9142.4138.8166.0161.4159 1

178 6174.5184.1165.9176.1156.4

174.6141.9130.7169.6157.2

148.7143.5150.3115.5150.2

573 0

387.0156.8125 991 9

62.575 920.6

41.616.3

18.821.242.142.5

17.1

551 9

2,818

2,778773

2,005488

1,165309

10367

130

9050

119

156.0

158.9166.1149.8121.3

152.9144.8169.9136.9170.3

158.7160.0157.4

155.3

157.6

164.2146.5141.1165.0162.9158 4

180.6177.7184.4165.8169.9161.9

176.4139.5122.7173.8159.5

149.4143.7149.9112.1153.0

577 2

390.5158.1127 092 8

63.076.620.7

41.715.9

18.821.142.343.2

17.2

556.5

3,234

3,2041,2341,970

4711,157

313

119108128

10996

119

159.3

162.2169.0153.8122.7

157.8150.0172.0142.9174.6

160.7162.4159.1

156.5

158.9

165.4148.0142.1166.2161.8158.8

182.8180.3186.0167.1169.4164.7

176.5141.0122.9174.6159.3

150.7144.0152.0114.2154.1

580 0

393.7158.2127 193 6

64.078 020.9

41.815.5

18.921.142 643.5

17.9

559 8

3,405

3,2761,4231,853

4691,048

318

122124120

111111111

150.9

152 1158.2144.4118.2

150 0139.8142.4139.0172.0

151.8152 1151.4

157 2

159 4

166 1148.6143 3162. 4162 1157 7

186 6184.7189 1166.0161 2169.6

177 0138.5119 9169 7157.2

151.3143.4149 7111 1156.2

585 4

397.0159.8128 993.9

64.578.821.1

41.915.4

18.921.043.145.1

18.1

565.4

4,579

3,6331,4622,171

4641,323

368

135127141

120113125

156.8

158.0160.4155.0123.6

154. 7146.0132.0150.4173.5

158.7158 4159.0

158.0

160 1

167.1148.7142.2162.1161.4158 8

189 6186.7193 4166.0158 1172. 5

177 4140.5111 3175 3158 7

151 3142.1147 7110 4153.1

590 0

399.5160.71^9 694.4

64.979.521.3

42.015.3

19.021 243.846.0

18.2

570. 1

5 009

4,0441,8082,236

4671,374

380

150158145

133140128

161.3

163 6169 5156 3122 8

161 2153 6165 8149 6177.8

161 3162 7159 9

157 7

160 0

167 3146.4139 0164.7163 0158 6

188 8188. 6189 2168.3164.6171.1

179.5141.2110 0173. 2158.4

150.9141.7148 4109.9151. 2

594 4

402.3161.5130 795. 1

65.480.221.5

42.115.1

19.021.244 347.2

18.3

574 6

5 608

5 1222,7752 347

4851 462

386

191242152

172219138

163.8

167 1173 2159 6124 3

164 7157 8184 9149 2179.4

163 1163 5162 6

158 9

161 5

169 1145 0137 5168.2164 2159 0

191 1189 9192 6174 6175 7173 7

181 8137 8111 3173 2157 2

151 9142.4148 1113 9153.3

598 5

405.1162.4131.495.8

65.881.021.7

42.215.2

19.121.244.847.8

18.5

578.6

4,877

4,7842,6382, 146

4681,283

383

178230139

170225129

160.2

163.3170.2154.8121.5

160.0151.3176.9143.2178.7

160.4159.6161.2

158.6

161 0

167.3138.4132 4161.7164.7160 2

189 0188.2190 1172.9170 7174.6

181 4136.5109 5173 9158 5

153 1141.8149 3110 8153.7

601 8

407.5162.9131 496 5

66.281.921.9

42.415.4

19.219.845 348 9

18.6

581 7

3,774

3,7171,7012,016

4951,157

342

138148131

130143121

157.1

159 2168.3147.7122.1

157 2145 5168.7138 1182.4

157.0155 4158 6

159 0

161 3

167 6136 2130 1163.5168 7161 4

189 5190 4188 3171 5169 0173 7

184 6136 9112 8174 0160 9

153 5141.4150 5111 1152.6

607 1

410.7163.9132.297.5

66.782.722.2

42.315.2

19.221.345.750.0

19.7

587.1

3 700

3,6371,5782,059

5021 307

313

135138134

126132121

156.6

158 0164.7149.7121.3

156 8145.7159.1141.5180.6

156.4153 0159.8

158 1

160 1

165 5131.9124 9163.2166 6160 7

189 2190 7187 2164.6151 5176 0

186 2137 2115 7172 1160 3

153 3139.3150 2107 7154.0

609 3

411.2163.0131 197 7

67.283 522.5

42.214.8

19 321.546 051 5

19.7

589 6

2 917

2 705891

1 814461

1 051264

10178

118

9372

108

'156.8

r 158 6r 163 7r 152 3r i9i 7

r i5g 7r 145 6r 156 5

142 2' 180. 4

157 0r 159 3

161 8

156 4

r 158 5

r 163 2r 131 9r 124 8' 167. 2T 165 o

160 9

r 186 4T 187 3T 185 3

159 4140 6175 6

183 4136 9116 9170 6157 1

152 4136.7146 4

r 103 7152. 4

612 7

413.5163.4131 598 1

67.884 222 8

42.114.6

19 421.746 352 0

19.8

593 1

3 090

2 852842

2 010521

1 157298

10673

131

9762

123

' 157. 2

r 159 1T 164 7T 15? 0

121 3

157 1r 146 0r 159 8

141 6r 180. 8

T 157 4T 152 6r 162 9

156 4

r 158 1

r 162 9T 129 2T 123 6r 162. 5r 162 9

160 1

r 183 8r 185 2T 182 or 164 5

148 0T 178 s

r 185 8r 135 or 120 2T 166 5T 158 9

152 1*• 136. 3

142 2100 5

r 152. 4

614 1

' 414. 2163.0131 298 0

68.4r 84 8

23.1

42 214.6

19 521.946 851 6

19.9T 594 4

*> 772

2 679824

1 855493

1 052°71

10072

120

9155

118

r 157. 5

T 159 6r 164 6T 153 4T 122 9

T 156 6T 145 8r 159 6

' 179. 9

T 158 4153 1163 8

r 156 o

r 157 8

r 169 5r 128 7r 122 7

159.6T 160 0T 158 4

181 6183 2

r 179 5r 167 3T 153 7

179 2

186 0135 1120 0

T 166 3r 159 o

r 152 0135.1

152.0

616 9

414. 9162.3130 898 4

68 885 4^3 4

42 314 8

19 622 247 259 4

19.9

597 0

156.7

159 0165 1151 4122 5

156 1144 9160

180.1

157 415316°

155 5

157 4

16° 5128199

159157

189183180169155181

187134

166159

150 9

••Revised, p Preliminary. fSee corresponding note on p. S-l. {Revised series. Dollarfigures and indexes of cash receipts and volume of marketings revised beginning 1963; dataprior to May 1965 appear in the Dept. of Agriculture publication, Farm Income Situation,

July 1966. 9 Includes data for items not shown separately. cf Revised beginning Jan.1964 to incorporate new data and to reflect use of new seasonal factors; revisions for monthsprior to Sept. 1965 will be shown later.


S-4 SURVEY OF CUKEENT BUSINESS June 1967


1965 1966 P

Annual

1966


1967

Jan. Feb. Mar. Apr. May p

GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PROD UCTIONcf— Continued

Federal Reserve Index of Quantity Output— Con.

Seasonally adjusted indexes^— ContinuedBy industry groupings— Continued

Nondurable manufactures— ContinuedPrinting and publishing 1957-59 = 100._

Newspapers doChemicals and products, __ do

Industrial chemicals doPetroleum products do

Rubber and plastics products doFoods and beverages do

Food manufactures doBeverages do

Tobacco products do

Mining_ doCoal _ doCrude oil and natural gas do

Crude oil doMetal mining doStone and earth minerals do

Utilities . doElectric doGas do

By market groupings:Final products, totalcf - do

Consumer goods _. doAutomotive and home goods do.__

Automotive products __ __ do_Autos doAuto parts and allied products.. _do

Home goods 9 doAppliances, TV, and radios do_._Furniture and rugs do

Apparel and staples doApparel, incl. knit goods and shoes.. doConsumer staples do

Processed foods _do_ _

Beverages and tobacco doDrugs soap, and toiletries doNewspapers, magazines, books___doConsumer fuel and lighting do

E quipment , including defense 9 doBusiness equipment _ _ _ _ do

Industrial equipment _ _ _doCommercial equipment doFreight and passenger equipment. .doFarm equipment do

Materials cf doDurable goods materials 9 do

Consumer durable doEquipment doConstruction do

Nondurable materials 9 - doBusiness supplies do

Containers doGeneral business supplies do

Business fuel and power 9 _ . .doMineral fuels doNonresidential utilities do

BUSINESS SALES AND INVENTORIES §

Mfg. and trade sales (seas, adj.), totalft mil. $..

Manufacturing, total _ _. _ _ _ _ _ d oDurable goods industries doNondurable goods industries. _ _ do. _

Retail trade, total f doDurable goods stores . _ _ _ d oNondurable goods stores do

Merchant wholesalers, totalt - doDurable goods establishments doNondurable goods establishments do

Mfg. and trade inventories, book value, end of yearor month (seas, adj.) , total! .. - mil. $

Alanufacturing, total doDurable goods industries doNondurable goods industries do

Retail trade, totalf doDurable goods stores _. .do.Nondurable goods stores do

Merchant wholesalers, totalf doDurable goods establishments doNondurable goods establishments. _ _do

130.3124.2173.4196.3123.5

171.8123.7122.3130.6120.3

114.8113.3112.3111.9124.2126.5

160.9165.6146.2

142 5140.3159.9

167 2182 6146.8154.8152.3154.3

134.1134.5134.0122.2

127. 2157.0127.0149.4

147.0156.7153.1164.4162.4148.8

144.2144.3166.8151.9133.8

144.1136.4136.6136.4

127.9115.5159.4

1954,336

i 483, 343252, 242231, 101

1 283,85293, 718

190, 134

1187,14182, 691

104, 450

120,896

68, 01542, 32425, 69134, 60715,19419, 413

18, 27410, 5757.699

142.2134.2193.0220.1128.4

191.9128.4126.6137.8119.8

120.3115.2118.0119.4132.7133.5

173.4179.7156.1

155.4147.4166.5

163.0169.5154.4168.9166.6165.7

141.4139.6141.8126.4

131.7174.4136.6159.4

172.6181.2172.2190.0208.5167.0

157.1157.4170.3180.7141.6

156.9148.9145.4150.7

136.3122.2173.5

11,035,871

1 528, 448276, 069252, 379

1303,67297, 812

205, 860

1203,75191, 026

112, 724

135, 549

77. 89750, 03727, 860

36, 96116, 53620, 425

20, 69112, 1128. 579

138.6128.5187.7215.4127.7

186.9127.8126.0137.5115.8

115.685.3

117.0117.2139.7130.9

169.1174.1154.4

152.9146.4168.4

168.4178.9154.6168.4166.7166.3

139.4141.4138.9125.1

130.2167.3134.1154.6

166.9175.9167.3186.4201.3157.6

154.5156.7169.0173.6144.3

152.3145.3142.4146.7

130.8114.9170.6

85, 455

43, 54022, 70820, 832

24,9497,939

17,010

16,9667,7189,248

124,700

70, 34643,77926, 56735, 34615, 69019, 65619. 00811,2097.800

142.1133.8191.4218.2127.4

184.3126.1124.4135.4117.9

120.7116.9119.1121.3133.6127.5

170.2175.5155.0

153.7146.2166.1

160.7166.0153.6169.9165.9169.1

139.8140.5139.7123.9

129.5173.4136.9155.8

169.8178.3168.5190.1204.9164.7

157.1157.7166.0177.1141.8

156.5147.8146. 1148.6

136.9123.8171.2

85, 426

44, 07122, 91521, 156

24, 4757,506

16, 969

16, 8807,6019,279

126,179

71, 10344, 27526, 82835, 92716, 21319,714

19, 14911, 2397.910

144.1135.4192.7219.9127.7

184.1127.1125.5135.9122.7

122. 0120.7119.3121.4134.2133.3

171.7177.2155.7

154.9147.1165.8

162. 3167.8155.2168.3163.9170.1

141.6141.6141.6126.4

131.5174.7138.5157.1

171.4180.0171.0191.0205.7168.2

158.0159.3165.2179.1142.3

158.0150.3146. 4152.2

138.0124.9172. 2

86, 957

44, 12522, 89821,227

25, 3948,056

17, 338

17,4387,6379,800

127,584

71,94945, 00326, 94636, 32516,41119,91419,31011,318

7. 992

144.8136.3194.5222.0126.9

188.7128.1126.4137.2116.5

122.0120.8119.2120.9134.0133.7

175.7182.4156.9

155.3146.5162.5

154.5151.5158.6168.0165.5165.2

141.4139.0142.1126.0

130.2174.5138.9161.1

174.4182.7174.9189.8208.8167.5

158.8159.1162.8183.7141.0

158.6149.9143.2153.2

138.7124.6174.6

86, 678

44, 32723, 03121,296

25, 3628,106

17, 256

16, 9897,6079, 382

128,714

72, 95845, 79027, 16836, 31216, 33019, 982

19, 44411,3498,095

145.3137.7194.4222 2128^5

190.3129.2127.0141.1119.9

122.1120.7119.6121.2132.1133.8

179.0186.5157.6

156.4147.1159.6

146.4141.7152.7168.9165.0168.0

143.0139.1144.2127.9

134.0175.4138.2165.0

176.4184.4176.3194.1208.1169.1

159.6160.1173.6187.9140.2

159.1150.1143.4153.4

138.9124.9175.9

86, 995

44, 20622, 87421, 332

25, 5728,358

17,214

17,2177,7379,480

130,043

74, 11046, 81427, 29636, 19116, 07920, 112

19, 74211,5778,165

144.3139.1193.5220.5130.6

193.6128.5127.0136.4120.5

121.0114.7119.6121.3128.6133.5

177.0184. 2158.5

156.3146.5159.7

150.7148.6153.5166.0159.3165.9

142.3138.8143.3127.9

131.0176.1136.7162.5

177.4185.7177.0194.8209.2178.9

159.2159.8174.0189.1139.8

158.6150.7147.4152.4

138.6123.7176.7

86, 775

44, 09122, 97121, 120

25, 7038,394

17,309

16,9817,5149,467

130,839

74, 88447, 56827, 316

36, 35516, 24120, 114

19, 60011,4358,165

144.1135.7196.9224.1131.2

199.2127.5124.9141.4116.9

121.6121.5119.5121.1129.4130.3

175.2181.7159.1

158.3148.8169.4

168.5177.8156.2170.0170.2164.4

142.2139.0143.2126.0

133.1178.7137.9161.9

178.8187.2178.4195.5212.7180.3

159.9159.8176.2189.7138.5

159.9151.6145.3154.8

138.7124.9174.8

87, 066

44, 48723, 45121, 036

25, 5508,276

17,274

17, 0297,5749, 455

132, 392

75, 78848,35227, 436

36, 68016,49620, 184

19,92411,7228,203

144.7135.2199.4227.5129.1

202.0129.7127.6141.1117.2

121.0114.0119.3120.8133.0133.4

176.9183.9159.5

158.5148.8166.5

162.8166.7157.8169.1165.3164.7

143.3139.8144.2127.3

133.0181.3138.8162.4

179.6187.5178.1196.9216.9170.7

159.1158.5173.8191.0138.5

159.9150.9147.2152.8

138.0123.1175.7

86, 699

44, 39323,23721, 156

25, 6108,143

17,467

16, 6967,3729,324

133,856

76, 89649, 31027, 58636, 73416, 58120, 15320, 22611,8358,390

143.7133.2198.7228.8129.0

201.6132.0130.3141.0119.3

123.0125.2119.0120.8134.2139.3

177.7183.4160.0

159.2149.1164.9

162.6167.3156.4166.5158.4163.5

143.7139. 1145.0130.1

133.7178.5139.1162.0

181.0189.3179.1196.0220.3179.5

158.9156.4165.4190.3138.2

161.4153.0151.1154.0

139.7125.1177.5

87, 875

45,51123, 71521, 796

25, 3688,156

17, 212

16, 9967,5399,457

135,549

77, 89750, 03727, 86036, 96116, 53620, 425

20, 69112, 1128,579

145.5133.7198.6228.5128.7

198.8131.9130.4140.2118.5

123.0120.7119.3121.0140.3138.7

179.6185.7

158.1147.8157.7

147.0141.3154.4165.2154.0163.4

144.2139.9145.4130.4

132.9179.0141.5161.8

180.2187.4177.7196.7214.5176.1

158.0153.9154.6190.6138.9

161.7153.4146.5156.8

140.1124.7179.7

87, 386

44, 46023, 06021, 400

25, 6878,200

17, 487

17, 2397,5019,738

136,590

78, 88650, 62028, 26636, 92416, 49120, 433

20, 78012, 1408,640

146.1134.8200.5

r 230. 8r 127. 4

196.3131.3129.5141.1120.2

r 122. 4115.7

'119.6r 120. 0

142.1136.6

178.2183.7

r 156. 4145.2

r 153. 5

135.7120.5155.7

r 162. 9r 153. 7

158.5

' 143. 1135.8145.2

'129.9

134.1180.3142.3

r 160. 1

r 180. 3r 186. 6'176.8

199.8215.0

r 162. 6

156.2'151.9

148.4186.5

r 139. 2

160.5r 152. 1' 147. 1

154.6r 139.3' 123. 5

179.3

86, 299

43, 93222, 62221,310

25, 4707,955

17, 515

16, 8977,4889,409

136,780

79, 39451,07928, 31536, 64416,31520, 32920, 74212, 0968,646

r 146. 8130.9

r 200. 4230.1

' 130. 1

191.9'131.7r 129. 7

142.3116.2

122.5115.1119.6121.8

' 143. 7r 137. 2

r 180. 6186.7

r 156. 7T 146. 0r 153.9

144.6136.5

' 155. 4r 160. 4' 147. 1r 157. 4

143.4135.8

' 145. 6' 129. 6

133.5r 181.0r 142. 3

162.7

' 179. 6r 184. 4' 174. 2' 199. 1'211.7

162.7

' 155. 8' 152. 1' 145. 1' 185. 6' 140. 2

' 159. 7' 150. 8' 144. 6

153.9

' 140. 7124.6181.5

'87,458

'44,866'23, 137

21, 729r 25, 739r 8, 150' 17, 589

'16,853' 7, 350' 9, 503

'137,093

r 79, 708'51,216^28,492

36, 52616, 14220, 384

' 20, 859r 12, 105' 8, 754

148.4133.8199.8

132, 7

131.9130.0

' 122. 1120.0

' 118. 4'121.3

148.7130.6

179.5

' 156. 6' 146. 2' 154. 4

150.2r 149. 9

150.5157.3141.3157.0

146.2129.5

181.5143.8

178.9' 183. 3

172.9200.4209.5

'155.9'151.3

143.6183.3139.5

' 160. 6152. 8147.1155.7

' 140. 8' 125. 5

86, 953

44, 09622, 34621, 750

25, 9238,132

17, 791

16, 9347,2179,717

137,189

80, 32451,61528, 70936, 23616, 03320, 20320 62912, 0388,591

149

120.9120118122

179.5

156.3145.9154

148150

146

178.8182

155.1151

160

141126

r Revised. p Preliminary. 1 Based on unadjusted data. tf See corresponding noteon p. S-3.

9 Includes data for items not shown separately.§The term "business" here includes only manufacturing and trade; business inventories

as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unad-

justed data for manufacturing are shown on p. S-5; those for retail trade on p. S-ll.tSee corresponding note on p. S-ll.jRevised series. The panel of reporters in the Census Bureau wholesale sample has been

updated to reflect information from the 1963 Census of Wholesale Trade; comparable dataprior to Sept. 1965 appear on pp. 26 ft. of the Nov. 1966 SURVEY.


June 1967 SURVEY OF CURRENT BUSINESS S-5


1965 1966

Annual

1966


1967

Jan. Feb. Mar. Apr. May

GENERAL BUSINESS INDICATORS—ContinuedBUSINESS SALES AND INVENTORIES-Con.Inventory-sales ratios:

Manufacturing and trade, totalf t ratio. _

Manufacturing, total doDurable goods industries do

Materials and supplies doWork in process doFinished goods do

Nondurable goods industries doMaterials and supplies doWork in process _ doFinished goods __ do

Retail trade, totalf doDurable goods stores doNondurable goods stores . . do

Merchant wholesalers, totalt doDurable goods establishments doNondurable goods establishments. _ _ __do

MANUFACTURERS' SALES, INVENTORIES,AND ORDERS

Manufacturers' export sales:Durable goods industries (unadj.), total___mil. $..

Shipments (not seas, adj.), total. do

Durable goods industries, total 9 doStone, clay, and glass products doPrimary metals do

Blast furnaces, steel mills _ _ d oFabricated metal products.. do.__

Machinery, except electrical doElectrical machinery. _ doTransportation equipment do

Motor vehicles and parts _do ___Instruments and related products do

Nondurable goods industries, total 9 doFood and kindred products doTobacco products ._ doTextile mill products doPaper and allied products doChemicals and allied products doPetroleum and coal products _do._Rubber and plastics products . _do ._

Shipments (seas, adj.), total doBy industry group:

Durable goods industries, total9 doStone, clay, and glass products doPrimary metals do

Blastfurnaces, steel mills doFabricated metal products . do

Machinery, except electrical do_ .Electrical machinery 1 do ___Transportation equipment do

Motor vehicles and parts _ _ d oInstruments and related products -do

Nondurable goods industries, total 9 doFood and kindred products. _.doTobacco products doTextile mill products doPaper and allied products. _ doChemicals and allied products doPetroleum and coal products. _ ... doRubber and plastics products do_

By market category:Home goods and apparel doConsumer staples doEquipment and defense prod., excl. auto. doAutomotive equipment doConstruction materials and supplies doOther materials and supplies do

Supplementary market categories:Consumer durables doDefense products _ doMachinery and equipment do.__

Inventories, end of year or month:Book value (unadjusted), total do

Durable goods industries total doNondurable goods industries total do

Book value (seasonally adjusted), total d o _ _ _By industry group:

Durable goods industries total 9 doStone, clay, and glass products d o _ _ _Primary metals do

Blast furnaces steel mills doFabricated metal products do

Machinery except electrical doElectrical machinery do _ _ _Transportation equipment do. _ _

Motor vehicles and parts' doInstruments and related products- _ d o _ _ .

1.46

1.611.91.59.80.52

1.29.50.19.60

1.401.861.17

1.141.49.87

9,941

483, 343

252, 24211, 75341 910m 91624, 292

36, 49033, 59368, 03945, 4128,347

231, 10180, 6784,864

19,31819, 38536, 03019, 17811, 653

2 44, 9092101,3052 60, 3002 50, 4032 37, 543

2 188, 883

2 19, 2832 27, 9652 47, 115

67, 62041, 83125, 789

68, 015

42, 3241,6266,3493,6784,856

8,5086,0938,9303,3181,788

1.48

1.641.98.59.87.52

1.28.49.19.59

1.421.971.16

1.141.49.85

11, 437

528, 448

276, 06911, 92945, 65123, 70726, 024

40, 20439, 85273, 46046, 4709,806

252, 37987, 761

5,10420, 40721,77038, 67620, 51712,752

2 49, 6092110,4512 67, 8892 52, 0452 38, 977

2 209, 477

221,2122 33, 2402 53, 220

77, 39249, 43227, 960

77, 897

50, 0371,7467,1094,0435,314

9,9427,653

11,3693,5382,214

1.46

1.621.93.58.84.51

1.28.49.19.59

1.421.981.16

1.121.45.84

934

44, 918

23, 8691,0284,0742,1782,187

3,5063,2186,4964,280

794

21, 0497,177

3981,6851,7703,4981,7221,124

43, 540

22, 708995

3,8032,0062,148

3,2263,2845,9393,844

800

20, 8327,255

4111,6701,7403,2601,7561,079

4,0809,0925,4534,2753,340

17,300

1,7852,6384,301

70, 75544, 21926, 536

70, 346

43, 7791,6626,5943,8174,754

8,6586,4089,4813,2741,883

1.48

1.611.93.58.84.51

1.27.49.19.59

1.472.161.16

1.131.48.85

984

44, 287

23, 5741.0203,9962,1082,206

3,4403,1816,4154,118

790

20, 7137,245

4271,6621,7843,3651,6851,094

44, 071

22, 915932

3,7982,0122,129

3,2543,3136,1763,895

801

21, 1567,340

4161,7231,7903,2141,7341,082

4,2049,1935,6264,3273,203

17, 518

1,7542,8324,353

71, 66844, 91026, 758

71, 103

44, 2751,6886,7003,8874,758

8,7566,5529,4833,3141,932

1.47

1.631.97.59.86.52

1.27.50.19.58

1.432.041.15

1.111.48.82

956

46, 244

24, 6521,1144,0662,1042,332

3,6413,3966,6104,277

861

21, 5927,508

4651,7891,9293,4011,7481,127

44, 125

22, 898979

3,8402,0122,144

3,3213,2306,1143,908

813

21, 2277,334

4351,7041,8393,2601,7341,050

4,1899,1955,6054,3733,250

17, 513

1,7352, 7304,375

72, 38045, 44426, 936

71, 949

45,0031,6976,7703,9174,782

8,9586,6889,6343,2331,987

1.48

1.651.99.59.88.52

1.28.49.19.59

1.432.011.16

1.141.49.86

839

40, 412

20, 599990

3,5071,8812,006

3,0753,0654,9252,790

752

19,8137,031

4321,4621,6992,9801,709

971

44, 327

23, 031940

4,0452,2102,142

3,3633,4965,7423,405

844

21,2967,274

4171,7171,8753,2371,7331,080

4,2279,1995,7933,8573,181

18, 070

1,8032,8944,553

72, 68445, 63427, 050

72, 958

45, 7901,6926,7873,9114,837

9,0976,841

10,0063,3942,023

1.49

1.682.05.61.90.53

1.28.50.19.59

1.421.921.17

1.151.50.86

881

43, 109

21, 4321,0743,7902,0072,263

3,1623,3154,4372,179

817

21,6777,411

4471,7911,9263,1871,7431,042

44,206

22, 874951

3,9222,0362,130

3,3643,3775,9153,550

851

21,3327,476

4251,7251,8783,2031,7181,064

4,1469,3735,7314,0313,165

17,760

1,7602,8494,510

73,77046,68027,090

74,110

46,8141,6986,9023,9664,916

9,3296,998

10,3993,5372,062

t

1.51

1.702.07.62.91.54

1.29.50.20.60

1.411.931.16

1.151.52.86

990

46, 170

23, 7531,0753,9542,0672,341

3,4063,6685,8573,574

892

22, 4177,787

4401,8451,9273,3751,7431,078

44, 091

22,971980

3,9192,0392,201

3,4223,4135,8453,569

833

21,1207,360

4301,6881,8433,1701,7281,043

4,1629,3375,7534,0543,205

17,580

1,7602,8224,559

74,41747, 31927, 098

74, 884

47, 5681,6756,9083,9935,048

9,5367,205

10, 5573,4892,106

1.52

1.702.06.62.91.53

1.30.50.20.60

1.441.991.17

1.171.55.87

1,003

46, 326

24,1581,0753,8511,9812,232

3,4653,6416,5374,250

874

22, 1687,546

4181,8471,9083,3131,7941,109

44, 487

23, 451971

3,8391,9962,098

3,5593,4456,3894,033

847

21, 0367,220

4181,7041,8413,2191,7811,029

4,1629,1385,9434,4943,086

17, 664

1,7882,8884,648

75, 29747, 99327, 304

75, 788

48, 3521,7036,9714, 0485,109

9,6657,383

10,7803,5182,150

1.54

1.732.12.63.94.55

1.30.49.20.60

1.432.041.15

1.211.61.90

1,016

44,711

23,425959

3,7311,9012,142

3,2703,5406,5854,250

880

21,2867, 354

4331,7771,8603,0771.7331, 008

44,393

23,237979

3,8121,9832,180

3, 4683,3866,2263, 853

856

21,1567, 334

4161,7341, 8783,1911, 7391,036

4,1969,2635, 7974,3553,146

17,636

1,8032,8644,546

76,38348,76427,619

76,896

49,3101,7227, 0574,0775, 214

9, 8527. 580

11,0913,5532,174

1.54

1.712.11.62.94.55

1.28.48.20.60

1.462.031.19

1.221.61.91

1,114

43, 501

22, 982877

3,5751,7722,094

3,4493,4496,4774,017

917

20, 5197,348

4171,6281,7822,9331,7531,039

45, 511

23,7151,0683,8931,9822,267

3,5833,3896,2683,899

845

21, 7967, 672

4261,7521,9033,2861,7191,111

4,2269,5975,9464,3993,211

18, 132

1,8222,9094,589

77, 39249, 43227, 960

77, 897

50, 0371,7467,1094,0435,314

9,9427,653

11,3693,5382,214

1.56

1.772.20.65.98.57

1.32.50.20.62

1.442.011.17

1.211.62.89

963

41,626

21, 395835

3,6321,8891,918

3,1693,1495,8223,713

740

20, 2317,085

3841,5871,7873,1481,7041,009

44, 460

23,0601,0613,7581,9202,135

3,4923,4635,8813,568

834

21, 4007,381

4241,7511,8803,2971,6881,079

4,1859,3445, 7184,0523,264

17, 897

1,8102,8764,615

78, 88150, 43328, 448

78, 886

50, 6201,7727,1404,0885,272

10, 0297,799

11,7173,6082,211

1.58

1.812.26.66

1.02.59

1.33.50.20.63

1.442.051.16

1.231.62.92

1,016

44,808

23,062864

3,7481,8762,121

3,6263,4196,0863,653

806

21,7467,490

3981,7251,8913,3421,7451,086

43,932

22,6221,0133,6181,8022,214

3,4853,3365,6863,385

805

21,3107,370

4201,6741,8563,3251,7221,075

4,1289,3465, 7033,8443,253

17,658

1,7772,8974,562

79,81751,27428,543

79,394

51,0791,7877,1744,1375,295

10,1177,857

11,9213,6402,222

1.57

1.78'2.21

.64'1.00

.58

1.31.49.20.62

1.421.981.16

'1.24

'1.65'.92

' 1, 201

46, 033

23, 946'928

' 3, 732' 1, 923' 2, 187

' 3, 752' 3, 500' 6, 505r 3, 888

'851

'22,087' 7, 571

'408' 1, 752' 1, 928' 3, 457' 1, 739' 1, 138

'44,866

'23,137' 1, 020'3,517' 1, 787' 2, 272

' 3, 489' 3, 435' 6, 061' 3, 529

'845

21, 729' 7, 562

'428' 1, 726' 1, 878' 3, 378' 1, 789r 1, 106

' 4, 247' 9, 532' 6, 000' 4, 004' 3, 297' 17, 786

'1,863' 3, 135'4,630

'80,162'51,580'28,582

'79,708

'51,216' 1, 794' 7, 213' 4, 128' 5, 273

'10,152' 7, 825

'12,004' 3, 533' 2, 251

1.58

1.822.31.66

1.05.60

1.32.49.20.63

1.401.971.14

1.221.67.88

1,048

45, 415

26, 435958

3,6741,8962,114

3,7623,1896,4693,922

826

21, 9807,493

4261,7251,8583,6581,7871,140

44, 096

22, 346927

3,4321,7462,078

3,4773,2295,9753,563

832

21. 7507,578

4391,7101,8263,4021,8221,094

4,0399,6295,8784,0143,048

17, 488

1, 7013,0494,534

80, 81652, 12828, 688

80, 324

51,6151,8147,3384,2045,267

10, 1697,781

12, 1773,4652,294

' Revised. 1 Advance estimate.tSee corresponding note on p. S-ll.

2 Based on data not seasonally adjusted. 9 Includes data for items not shown separately.tSee corresponding note on p. S-4.


S-6 SUEVEY OF CUEEENT BUSINESS June 1967


1965 1966

Annual

1966


1967


GENERAL BUSINESS INDICATORS—ContinuedMANUFACTURERS' SALES, INVENTORIES,

AND ORDERS— ContinuedInventories, end of year or month— Continued

Book value (seasonally adjusted)— ContinuedBy industry group— Continued

Durable goods industries— ContinuedBy stage of fabrication:

Materials and supplies 9 mil. $_.Primary metals _ doMachinery (elec. and nonelec.)...doTransportation equipment do

Work in process9 doPrimary metals doMachinery (elec and nonelec ) doTransportation equipment do

Finished goods 9 doPrimary metals doAiacn .nery (eiec. ana noneiec.j — ao

Food and kindred products doTobacco products doTextile mill products . doPaper and allied products do

Petroleum and coal products doRubber and plastics products do

By stage of fabrication:Alaterials and supplies do\Vork in process doFinished goods do

By market category:

Consumer staples. .. . .. ._ _ ...doEquip, and defense prod., excl. auto do•\utoinotivo equipment doConstruction materials and supplies doOther materials and supplies do

Supplementary market categories:

Defense products doMachinery and equipment do

New orders, net (not seas, adj.), total doDurable goods Industries, total . do.Nondurable goods industries, total do

By industry group:Durable goods industries, total 9 do

Primary metals doBlast furnaces, steel mills do

Fabricated m> tal products doMachinery except electrical doElectrical machinery doTransportation equipment _ . .do

Aircraft and parts do

Nondurable goods industries total doIndustries with unfilled orders© doIndustries without unfilled ordersf do

By market category:Horn* goods and apparel doConsumer staples _. _. _ . . . --.do ._Equip, and defense prod., excl. auto doAutomotive equipment .. _ _ . _ . _ d oConstruction materials and supplies doOther material and supplies do

Supplementary market categories:Consumer durables doDefense products doMachinery and equipment do

Unfilled orders, end of year or month (unadjusted),total mil $

Durable goods industries, total . doNondur goods Indus with unfilled orders© do

Unfilled orders, end of year or month (seasonallyadjusted), total ._ . mil. $

By industry group:Durable goods industries, total 9 do

Primary metals doBlast furnaces, steel mills . . do

Fabricated metal products doMachinery, except electrical doElectrical machinery . _ _ . . _ do. .Transportation equipment do

Aircraft and parts do

Nondur. goods indust. with unfilled orders© do

By market category:Home goods, apparel, consumer staples doEquip, and defense prod incl auto doConstruction materials and supplies doOther materials and supplies do

Supplementary market categories:Consumer durables doDefense products . doMachinery and eauinment- do

12,9432,3883,8162,278

18, 1092,1306 6995,465

11,2721,8314 0861 1 87

6 0342*3713, 1301,9654 3351 7561 279

9 9643 862

11 865

7 0219^844

14, 8354 0326,054

26 229

o o§76, 388

10,701

492, 272260, 732231,540

ijO9 979

260, 73241,01721,37824, 91438,43435, 29272, 97322,044

231 54063 458

168 082

45 057101,31565, 08151, 05338, 058

191 708

19 44932 53449 679

64 89661,5433 353

66, 068

62, 5345 6462,7305,467

10,3049,830

25, 99319 781

3,534

2,12434 7326 041

23,171

1 60124,58716. 000

14,8022,6034,8772, 477

22, 2632, 4777 8537,512

12, 9722, 0294 8651 qon

6 3949 3433,3332,2715 0391 8691 402

10 5014 333

13 0°6

8 19010. 47618, 1664 3586, 537

30, 170

4 1898.732

12,592

542.179289, 836252. 343

254° 179

289, 83646, 87924, 28526. 74342, 67742, 26979, 86127, 503

252, 34369, 463

182, 880

49, 710110,45475,27552, 05839,413

215,269

21.31840, 46956, 770

78, 63075,3153 315

79,917

76,4156 9093, 3056, 221

12,81612,27932, 35026 056

3, 502

2, 23049 9056 493

28 989

1 70431 76519.614

13, 1462,4904,0192,195

19, 1412,2446 9046,078

11,4921,8604 1431 9DQ

9fi ^fi7

»') 4802 3953,1731,9974 5041 8021 299

10 3093 913

12 345

7 40310, 38015, 5573 9926, 090

26, 924

3 5087,079

10, 939

46, 40125, 23821, 163

45 064

24, 1973, 9052,0372,2063,5383,6126,5612,099

20 8675 650

15 217

4 0519,0926,2954, 3433,426

17,857

1 7843,2994 788

72, 82269, 0183 804

72, 049

68, 2506 5363,2695, 740

11,16910,90928, 33322 006

3,799

2,22537 1866, 298

26, 340

1 67827, 23917. 273

13, 2982,4894,1202,226

19,3022,3376 9776,003

11,6751,8744 9111 9^4

9fi R9S6 5152,3943,1562,0284 6321 7951 309

10 4393 991

12, 398

7 52110,46615, 6554 0286,124

27,309

3 6977,099

11,063

44, 74823, 96920, 779

45 391

24, 2764,3052,3312,2373,5533,4666,4881,942

21,0455 692

15 353

4,2279, 1975, 9374,5163,227

18,217

1 8122,9074 845

73, 27969,4103 869

73, 297

69, 6097 0423,5885,847

11,46811,06128, 64699 110

3,688

2,25037 6876 320

27 040

1 73697 31617. 762

13, 5072,4864,2662,221

19, 6932,3947 0996,149

11,8031,8904 981-I r>RA

9fi QdA

6 5032 3833,2482,0684 6641 7761 3°3

10 569

4 04412' 340

7 57310, 48516,0343 95°6,192

27 713

3 791

7,30411,339

47, 66426, 12021, 544

* K. OOO

24, 5934,1092,1732,1633 6093 4876, 9022 569

21 9405 834

15 406

4 2719,2026,3784 4183,219

18 345

1 8173 6854 753

74 70570 8833 82°

75 009

71 3087 3123 7495 866

11,75711 31829 43499 997

3 701

2,34138 503

6 29027 875

1 81928 26918. 142

13, 6532,4724,3902,227

20, 2352,4387 2216, 522

11,9021,8774 3971 957

27 1686,5342,3663,2972, 1314 7411 8041,345

10 5064,062

12, 600

7 60910, 49916, 330

4 1176, 202

28,201

3 7657,513

11,537

42, 31422, 52119, 793

45 6°5

24, 3714,1062, 2772, 2313,4263,7446, 6392,340

21,2545 952

15, 302

4,1749, 2056,4643,8843,221

18, 677

1,7393,5035,092

76, 60272, 8013,801

76, 310

72, 6517,3743,8165,954

11,82011,56730, 33223, 420

3,659

2,29539, 1986,330

28, 487

1,75728, 87918, 683

13, 9972,4954,5292,363

20, 6982,5017,3566,771

12,1191,9064 4421 265

27 2966,3612,3503,3482,1714,8191,8291,364

10, 6154,126

12, 555

7,76810,31316, 7094,2936,267

28, 760

3 8317,736

11,818

43, 80522, 24421, 561

44 842

23, 5123,7921,9062,1283,7743,6035,9862,072

21,3305,938

15,392

4,1499,3735,8914,0273,156

18, 246

1,7493,1554,813

77, 30073, 6153,685

76, 942

73, 2867,2443,6865,952

12, 23011,79330, 40223, 649

3,656

2,29539, 3546,320

28, 973

1,74429, 18418, 986

14,3092,4864,6732,452

20,9492,4527,4896,847

12,3101,9704 5791 258

97 3ig6,2742,3393,3222,1944,8801,8131,368

10,5794,169

12,568

7,89310,24717,1254,2536,298

29,068

3 929

7,92512,096

48,08325,81022,273

46 318

25,2744,0472,1662, 1063,7153,6767,5613,403

21,0445,792

15,252

4,1849, 3307,7514,1263,07317,854

1,7584,6714,906

79,21375,6733, 540

79,170

75,5917,3723,8135,856

12,52412,05632,11925,274

3,579

2,31341,4266,188

29,243

1,74431,03319.333

14,4652, 5054.7852, 449

21,4462, 5047 6987, 030

12,4411,9624 635

6 9849 3403, 3562, 2144 9371 8191 386

10 549

4 251I9 643

8 00°10,31317,4574 9986. 380

29. 338

A 0^^

8,18912, 228

46, 64924, 51822, 131

45 943

24. 2443,8171,8812, 2313. 6473, 5796. 8602, 237

90 9995 8"

15 177

4 1789,1316, 5844, 5943,173

17 583

1 8943 3084 816

79, 53776, 0333 504

79, 923

76. 3827 3503,6985, 989

12.61112.18932, 59095 673

3, 541

2. 32442, 165

6, 97429. 160

1.78031,45319, 499

14, 5992,5484,8462,468

21,9342,5037,7917,284

12,7772,0064,7951 339

97 5SQ6,3832, 3073,2862,2305,0001,8351,422

10, 5714, 253

12, 762

8,08310, 41517, 8774,3546,442

29, 725

4 1488,465

12, 471

43, 92722, 73821, 189

44 052

23, 0273,5881,8342, 2753,6753,5075,7141,679

21, 0255, 799

15, 226

4,1249,2605, 5434,1843,200

17,741

1,7642,7274,647

78, 75375, 3463,407

79, 581

76, 1707,1253,5506,084

12,81812, 31032, 07825, 513

3,411

2,24741,7406,330

29, 264

1,74031,31619. 602

14, 8022,6034,8772,477

22, 2632,4777,8537,512

12, 9722, 0294,8651 380

27 8606,3942,3433,3332 2715^0391,8691,402

10, 5014,333

13, 026

8,19010, 47618, 1664,3586,537

30, 170

4,1898, 732

12, 592

43, 37722, 94920, 428

45, 845

23, 9603,6771,7372, 4033,5823,3586, 5402,410

21,8856,091

15, 794

4,2079,5976,6074,2003,373

17,861

1,7863,3594,603

78, 63075,315

3,315

79, 917

76,4156,9093,3056,221

12,81612, 27932, 35026, 056

3,502

2,23042, 2056,493

28, 989

1,70431.76519, 614

14,8802,6404,9372,499

22, 6432,4557,9117,852

13, 0972,0454,9801 366

28 2666,5932,3363,3252,2655,1451,9301,444

10, 6094,349

13,308

8,33510, 69818,4954,4246,493

30, 441

4 3118,990

12, 719

41,77921, 56220,217

43 408

22, 0723,3151,4952,0493,3913,5525,5771,833

21,3365,934

15,402

4,1759,3445,1923,8513,177

17, 669

1,8262,8464,545

78, 78775, 4853,302

78, 863

75, 4276,4662, 8806,135

12, 71612, 36832, 04626, 061

3,436

2,21941,4796,405

28, 760

1,72031,73519, 545

14,8562,6384,9102,519

22, 9672,4897,9498,028

13, 2562,0475,1151 374

28 3156,5942,3763,3492,2725,1751,9251,427

10, 5534,349

13,413

8,35610, 73018, 7504,4506,512

30, 596

4,3289,193

12, 801

44, 80223, 11721, 685

43, 527

22, 3293,4271,8052,2243,2663,3625,7992,291

21, 1985,750

15, 448

4,0599,3485,7563,6103,307

17, 447

1, 6983,3304,242

78, 77775, 5363,241

78, 455

75, 1316,2742,8826,144

12, 49712, 39432, 15826, 505

3,324

2,15441,297

6,45728, 547

1,64432, 167

. 19, 224

14, 748' 2, 642' 4, 859' 2, 42523, 140' 2, 470' 7, 981' 8, 22013, 328' 2, 101' 5, 137

1 359

28 492' 6, 669' 2, 389' 3, 356' 2, 286' 5, 203'1,915' 1, 446

10,637' 4, 355' 13, 500

' 8, 327T 10, 861' 19, 009' 4, 343' 6, 491

r 30, 677r 4 286' 9, 405' 12, 830r 45, 214'23,204^22,010r43 700

'22,065' 3, 013'1,434' 2, 247' 3, 351' 3, 273'5,911' 2, 207

'21,635' 5, 824'15,811

' 4, 148' 9, 529' 5, 760' 3, 830' 3, 293

'17,140

' 1, 748' 3, 235' 4,315

r 77, 959' 74, 795r 3 164

r 77, 290r 74, 060' 5 771' 2, 529' 6, 119

r 12, 359r 12, 232'32 009'26 649

'3 230

'2 050'40 886

6 454'27 900

' 1 526'32 268' 18. 909

14, 7242,7094,7702,376

23, 4322,5197,9758,447

13, 4592,1105,2051,354

28 7096,7022,3923,4132,2925,2751,9501,458

10, 7504,354

13, 605

8,32310, 90319,3104, 2766,549

30, 963

4,2489,614

12, 887

45, 29023, 27022, 020

44 043

22, 3253,2401,7042,1513,4603,2446,1592,244

21,7185,871

15, 847

4,0319,6265,7663,9613,113

17, 546

1,6893,3294,477

77, 83374, 6303,203

77, 236

74, 0375 5792,4876,193

12, 34212, 24732, 19226 933

3,199

2,03640 7186 518

27, 964

1 51232 54818. 852

-

'Revised. 1 Advance estimate. 2 Data for total and components (incl. marketcategories) are based on new orders not seasonally adjusted.

9 Includes data for items not shown separately. ©Includes textile mill products,leather and products, paper and allied products, and printing and publishing industries; un-

filled orders for other nondurable goods industries are zero. ^For these industries (food andkindred products, tobacco products, apparel and related products, petroleum and coal prod-ucts, chemicals and allied products, and rubber and plastics products) sales are considereducts. chemicals and allied pequal to new orders.


June 1967 SURVEY OF CUEEENT BUSINESS S-7


1965 1966

Annual

1966


1967


GENERAL BUSINESS INDICATORS—Continued

BUSINESS INCORPORATIONS^

New incorporations (50 States and Dist. Col.):Unadjusted. _ __ numberSeasonally adjusted© _ do

INDUSTRIAL AND COMMERCIALFAILURES of

Failures, total number

Commercial service . doConstruction . doManufacturing and mining . . doRetail trade ___ doWholesale trade do

Liabilities (current), total thous. $..

Commercial service doConstruction doManufacturing and mining doRetail trade . doWholesale trade do

Failure annual rate (seasonally adjusted)No. per 10,000 concerns. .

203 897

13 514

1 2992*5132 0976 2501*355

1,321,666

248 523290' 980350 324287 478144' 361

153.3

200 010

13 061

1 3682 5101 8526 0761 255

1,385,659

185 202326 376352, 861344 346176 874

1 51.6

17 29917 057

1 106

121206154509116

110, 141

20 76135 02422,01122 4449,901

47.4

17 03616 644

997

108210121459

99

96, 376

26 40023 83220 16417 0548 926

45.8

17 50016 577

1 077

100212157511

97

123, 575

27 12320 73628, 33032 52814 858

49.4

15 33616 074

1 017

94186144492101

69, 876

4 45918 23319 23018 7579*197

52.3

16 14916343

1 249

112276191567103

178,088

38 35833 19343 49730 48832 552

60.8

14 52815 764

1 042

12319515947095

129, 162

14 43524 51350 41123 92815 875

56.6

15 24116 233

1 150

138213154542103

108, 046

8 23024' 39934 99226 04314 382

57.2

13 98216 206

1 112

127214145526100

106, 732

6 16124' 52333 76827 34314 937

55.6

16 46716 583

1 055

111219157454114

161,481

11 65467 11029 33838 63114 748

52.4

18 71416 703

1 191

113223171558126

108, 172

8 04419 36132 81827 30120 648

54.9

15 22515 987

1 216

152236160555113

113, 450

12 74625 05032 32532 88710 442

57.1

19, 03616, 244

1,216

128227190557114

119, 322

10 08638 92829, 32132 6528 335

49.7

16,51116,760

1 160

125238149519129

103,817

9 76729 05827 48925 36712 136

52.1

1,100

119193157515116

93, 370

10 28016,04626,91226 30713,825

48.6

COMMODITY PRICESPRICES RECEIVED AND PAID BY

FARMERS

Prices received, all farm products} 1910-14=100..C r o p s 9 _ _ _ do

Commercial vegetables... ._ _ doCotton doFeed grains and hay . doFood grains doFruit.. doTobacco do

Livestock and products 9 doDairy products doMeat animals doPoultry and eggs.. _ do

Prices paid:All commodities and services .. do

Family living items doProduction items _ do

All commodities and services, interest, taxes, andwage rates (parity index).. 1910-14 = 100__

Parity ratio§ do

CONSUMER PRICES

(U.S. Department of Labor Indexes)

Unadjusted indexes:All items ._. 1957-59 = 100..

Special group indexes:All items less shelter. ... doAll items less food doCommodities do

Nondurables doDurables? do

New cars doUsed cars do

Commodities less food _ doServices do

Services less rent doFood9 do

Meats, poultry, and fish doDairy products doFruits and vegetables do

Housing doShelter9 do

Rent doHomeownership do

Fuel and utilities? doFuel oil and coal " " "doGas and electricity _ _ do

Household furnishings and operation doApparel and upkeep doTransportation do

Private doPublic ._ do

Health and recreation 9 doMedical care do "Personal care doReading and recreation do

Seasonally adjusted indexes-*Food doApparel and upkeep doTransportation.. do

248'234'262245174164

'247513261261319145

288306276

32177

109.9

109.6110.4106.4107.9102.699.0

120.8105.1117.8120.0108.8105.1105.0115.2108.5110.6108.9111.4107.2105.6107.8103.1106.8111.1109.7121.4115.6122.3109.9115.2

'266235

'288215'181185

'243'553292293356'161

298315285

33480

2 113. 1

112.9113.0109.2111.8102.797.2

117.8106.5122.3125.0114.2114.1111.8117.6111.1114.1110.4115.7107.7108.3108.1105.0109.6112.7111.0125.8119.0127.7112.2117.1

r Revised. 1 Based on unadjusted data.2 Beginning with indexes for Jan. 1966, data for six additional areas (C

Kansas City, Milwaukee, Minneapolis-St. Paul, and San Diego) havinto the national CPI. These areas were "linked" into the CPI as offirst used in calculating the Dec. 1965- Jan. 1966 price change

^•Compiled by Dun <fe Bradstreet, Inc. (failures data are for 48 States©Revised seasonally adjusted data for Jan. 1964-Nov. 1965 will be sho

'266'237'299'239'175'169'253547291'271365

'162

296314283

33380

2 112. 5

112.4112.2108.8111.4102.397.4

117.4106.0121.1123.6114.0115.6108.9119.8110.3113.0110.1114.3108.3108.5108.3104.4108.7112.0110.5122.1118.1125.8111.6116.8

114.3108.8112.3

incinnat> been iiDec. 196

and Diswn later

263239

'276240

'177174

'272546284266361150

296'314

283

33379

112.6

112.4112.5108.8111.3102.597.0

117.5106.3121.5124.1113.5113.9109.3119.2110. 7113.5110.2115.0108.2108.0108.2104.6109.3112.0110.5122.1118.4126.3112.0116.8

114.0109.4112.0

i, Housticorporat5 and w

t. Col.).

264'240'280'248'176189

'261546

'284'268'360'148

296314283

33379

112.9

112.6112.8109.0111.5102.696.8

118.2106.4122.0124.8113.9114.2109.6121.7111.1114.1110.2115.8108.0107.0108.1104.8109.4112.2110.7122.8118.7127.0112.2117.0

114.0109.5112.3

Dn,ed3re

'268'246'309'251182204

'227'553'287'287'353153

297315285

33480

113.3

113.1113.2109.3111.8103.096.7

120.3106.7122.6125.5114.3114.3111.0121.5111.3114.4110.3116.2107.9107.0108.1105.1109.2113.5111.5129.1119.1127.7112.5117.2

113.2109.6113.4

tReTgrains

§Ra1shownindexeAdditifrom t

'271'239'286179188199

'238'564'300'304'366'163

299317287

33581

113.8

113.6113.4109.8112.5103.095.8

122.1106.6123.0125.9115.8114.5114.8122.3111.5114.6110.6116.4107.9107.0108.1105.2109.2113.5111.6129.2119.5128.4112.7117.4

115.5109.6113.5

visions foand hayio of priseparates for sele(onal infole Burea

270'235'268179190198

'254'567'300'320'355'167

301318289

33780

114.1

113.9113.8110.0112.9102.794.4

120.1107.0123.5126.5115.6114.8116.0116.6111.8115.0110.7116.8108.0107.4108.1105.7110.7113.3111.3129.5119.9129.4113.0117.5

115.3110.5113.5

r Jan. 19) are avaces receiy. *1S}ted grourmationu of Lab

266233

'268190184188

'273'560'293'326343160

300318287

33779

114.5

114.3114.4110.3113.1103.598.4

120.8107.6124.1127.1115.6113.8117.1115.3112.2115.5111.0117.4108.1108.3108.0106.1111.5114.3112.3129.6120.4130.4113.3118.0

115.8110.8114.1

63-Mar.ilable upved to pJewserieps and siand a deor Statist

259230

'293185183189

'226'557284

'324'324163

300318286

33777

114.6

114.4114.8110.2112.9103.599.3

119.3107.8124.7127.7114.8111.8116.7114.9112.6115.8111.2117.8108.3108.9108.1106.5112.0114.5112.6129.6120.8131.3113.4118.3

115.3111.3114.0

1966 (bacon reque"ices pak5. Begiribgroupsscriptionics, U.S.

'257'229'291186187191

'205'562'281'320'323158

300318287

337'76

114.7

114.3114.9110.1113.0103.198.6

114.2107.7125.2128.3114.8110.9116.5114.3113.0116.4111.3118.6108.4110.2107.9106.7112.3113.8111.7129.8121.0131.9113.7118.4

115.3111.7113.3

k to JanSt.i (parityining witof the Cof the BDept. ol

255'225'288168186187

'206'556281311330152

301318289

34075

114.7

114.2114.8109.9112.7102.797.6

113.0107.3125.5128.8114.7110.3116.4115.3113.1116.5111.4118.7108.6110.5108.3106.7111.3113.4111.4129.8121.4132.9113.8118.5

114.9111.9113.2

1959 for

index),h indexePI wereLS Seas<Labor,

252223

'280175184179

'199561

'276'306328142

301318288

33974

114.8

114.3115.2109.9112.7102.897.3

114.0107.6125.9129.2114.2110.7116.1114.2113.3116.8111.7118.9108.7111.1108.3107.0111.9113.8111.8130.0121.8133.6114.1118.6

114.0112.3114.3

all farm ]

9Incs for Jan.publishemal FacWashing

250224

'276173186189

'199'561'272'300323144

301318289

34074

115.0

114.6115.4110.0112.9102.997.2

115.9107.8126.3129.5114.2110.0115.7115.2113.3116.6111.8118.6108.7111.1108.3107.3112.6114.2112.2130.5122.2134.6114.4118.9

114.3112.9114.5

products

ludes da1966, sea,d by thetor Methton, D.C

'245'223'305173183185

'193'558'264'291319130

301318288

34172

115.3

114.8115.9110.2113.0103.497.0

118.8108.4126.6130.0113.7109.0115.7114.2113. 6116.9111.9119.0108.8111.0108.4107.7113.0115.1113.2130.6122. 6135.1114.9119. 4

113.9113. 1115.3

crops, a

ta for itsonally aDept. ofod are a. 20212.

252221276167183188197558279288351126

302320289

34274

nd feed

iins notdjustedLabor.

Bailable


S-8 SURVEY OF CURRENT BUSINESS June 1967


1965 1966 P

Annual

1966


1967

Jan. Feb. Mar. Apr. May v

COMMODITY PRICES—Continued

WHOLESALE PRICEScTt(U.S. Department of Labor Indexes)

Spot market prices, basic commodities:22 Commodities 1957-59=100..

9 Foodstuffs _ _ _ do13 Raw industrials ._ do

All commodities J do

By stage of processing:Crude materials for further processing doIntermediate materials supplies etc doFinished goods O do

By durability of product:Durable goods doNondurable goods doTotal manufactures do

Durable manufactures doNondurable manufactures do

Farm prod., processed foods and feeds 1f do

Farm products 9 __ doFruits and vegetables, fresh and dried-doGrains doLive poultry* doLivestock* do

Foods and feeds, processed 9*. _ . _ _ do ..Beverages and beverage materials* doCereal and bakery products doDairy products doFruits and vegetables, processed© doM[eats poultry and fish do

Industrial commodities § do

Chemicals and allied products 9 do

Chemicals industrial doDrugs and Pharmaceuticals doFats and oils inedible doPrepared paint do

Fuels and related prod., and power 9 doCoal - _- -doElectric power Jan. 1958=100.-Gas fuels doPetroleum products, refined 1957-59=100--

Furniture and household durables 9 doAppliances household doFurniture household do

Hides, skins, and leather products 9 doFootwear do. __Hides and skins doLeather do

Lumber and wood products doLumber do

Machinery and equipment 9 * doAgricultural machinery and equip doConstruction machinery and equip do

Metalworking machinery and equip.*. -do

Mêtals and metal products 9 doHeating equipment.. do _._Iron and steel doNonferrous metals do

Nonmetallic mineral products 9 doClay prod., structural, excl. refractories*

do._-Concrete products _ doGypsum products do

Pulp paper and allied products doPaper do...

Rubber and products .do...Tires and tubes do

Textile products and apparel 9 . doApparel doCotton products do. .Manmade fiber textile products do_ _ _Silk yarns doWool products do

Transportation equipment 9 * doMotor vehicles and equipment do

Miscellaneous products 9 * doToys, sporting goods, etc do-_.Tobacco products* _ - _ d o _ _ .

PURCHASING POWER OF THE DOLLAR

As measured by-Wholesale prices 1957-59 =$1.00.Consumer prices _ _ _ _ _ _ d o

i 104. 7191.9

1 114. 6

102.5

98.9102.2103.6

103.7101.5102.8103.7101.9

102.1

98.4101.889.687.2

100.5

106.7105.7109.0108.5102.1101.0

102.5

97.4101.895.094.4

112.7105.4

98.996.5

100.8124.195.9

98.089.2

106.285.2

109.2110.7111.2108.1101.1101.9

105.0115.1115.396.8

113.6

105.791.7

101.4115.2

101.7

106.6101.5104.099.9

104.192.990.0

101.8103.7100.295.0

134.3104.3

100.7104.8102.7106.2

$0. 976.910

1 109. 51 101.9U15.2

105.9

105.3104.8106.9

106.0105.6105.7106.0105.3

108.9

105.6102.597.391.4

110.0

113.0105.8115.4118.5104.8110.2

104.7

97.8102.895.794.5

102.8106.8

101.398.6

100.3129.399.5

99.189.1

109.183.6

119.7118.2140.8121.1105.6108.5

108.2118.5118.999.0

118.8

108.392.5

102.3120.9

102.6

108.4103.0102.4102.6107.394.893.3

102.1105.0102.589.5

153.6106.0

100. 8106.8104.1109.6

$0.945.884

112.5100.8121.5

105.5

106.3104.3106.3

105.7105.1105.1105.6104.6

108.7

106.4111.091.295.1

114.7

111.5105.7112.6114.8104.8110.9

104.3

97.6103.395.694.1

104.0106.2

100.094.9

100.3129.297.7

98.689.3

108.383.5

120.6118.2148.8122.4108.4110.8

107.2118.1118.598.4

116.8

108.292.1

102.0122.1

102.3

108.1102.7101.4102.3106.095.494.4

102.2104.7102.390.5

151.6106.3

100.2106.7103.7110.2

$0. 948.889

110.7100.4118.3

105.6

105.7104.8106.2

106.1105.0105.5106.1104.8

107.9

104.5103.393.6

101.3111.5

111.8105.7113.0114.9105.4110.9

104.7

97.7103.696.094.1

102.5106.2

100.496.9

100.2128.398.4

98.989.4

108.983.5

122.8118.9163.0125.1109.6113.2

107.8118.2118.998.9

118.0

108.492.1

101.8122.5

102.4

108.1102.7102.2102.7107.195.494.4

102.2104.9102.689.9

140.9106.4

100.9106.8103.7110.3

$0. 947.888

111.4102.0118.4

105.7

105.6104.9106.4

106.2105.2105.6106.1105.1

107.7

104.299.794.995.6

110.1

112.0106.1114.0116.5104.9109.9

104.9

97.6102.995.894.3

101.6106.8

101.597.2

100.2128.5100.2

98.989.4

108.983.5

122.9118.9161.0126.6107.7112.0

108.1118.4118.998.8

119.0

108.792.5

102.0123.2

102.5

108.4103.0102.7103.0108.095.494.4

102.2104.8102.890.0

143.8106.5

100.7106.9103.7110.3

$0. 946.886

113.1105.3118.8

106.4

107.8105.4107.0

106.2106.4106.0106.1105.8

109.9

107.8107.0103.194.2

108.7

113.8106.3115.5119.8104.5110.0

105.2

97.9102.695.994.5

1C5.3106.8

101.497.6

100.3128.399.9

99.089.1

109.183.5

122. 7119.0156.4126.0106.6110.5

108.3118.5118.999.0

119.0

108.892.9

102.2122.9

102.7

108.5103.1102.7103.2108.295.193.9

102.4105.0103.090.1

152.1106.7

100.7107.1104.5110.3

$0. 940.883

110.6109.1111.7

106.8

107.4105.8107.5

106.2107.0106.4106.3106.5

111.3

108.197.7

105.689.8

112.0

115.7106.4118.9124.0102.3111.1

105.2

97.9101.995.894.7

105.5106.8

102.098.5

100.3128.9100.7

99.188.8

109.483.1

121.2• 119.1

141.2124.9106.2110.2

108.5118.3118.999.1

119.5

108.592.5

102.7120.4

102.7

108.7103.3102.7103.2108.495.193.9

102.4105.2103.389.6

156.7106.6

100.5107.1104.9110.3

$0. 936.879

107.3105.1108.9

106.8

106.1105.6108.1

106.2107.1106.4106.3106.5

111.5

108.7110.4104.6c87.5109.2

115.5105.6118.9124.2103.7112.2

105.2

98.0102.295.894.8

103.8106.8

102.299.6

100.3129.2101.0

99.288.7

109.883.3

119.9119.1134.2121.8105.9109.5

108.9118.2119.499.2

120.5

108.492.9

102.5119.9

103.0

108.7103.6102.7103.1108.494.793.4

102.2105.1103.188.6

158.6106.1

100.1107.1104.8110.3

$0. 936.876

103.7100.1106.3

106.2

103.6105.3107.8

106.6105.8106.3106.7105.8

108.8

104.497.998.983.1

106.5

113.9105.6118.7124.5105.7108.1

105.3

97.9102.895.995.094.5

107.3

102.6100.6100.2130.7101.3

99.788.9

110.383.8

118.7120.1120.8117.5104.8108.0

109.4118.5119.899.5

121.1

108.693.3

102.5120.3

103.2

108.8103.5102.7103.1108.494.693.4

102.2105. 3103.388.1

161.1105.6

101.7107.2105.0110.3

$0. 942.873

102.698.1

105.9

105.9

101.1105.3107.8

106.9105.1106.2107.0105.3

107.1

102.5104.298.085.198.4

112.6105.6118.7122.6105.9104.2

105.5

98.0103.396.095.091.6

107.8

102.7101.9100.3130.6101.3

100.389.2

111.583.8.

117.5120.1114.3114.1103.0105.6

110.2120.4120.6100.7121.5

109.093.4

102.8121.0

103.3

109.3103.5103.5103.0108.595.093.9

102.1105. 5103.087.7

161.1105.1

101.7107. 4104.8110.2

$0. 944.873

102.898.6

105.8

105. 9

100.8105.4107.6

107.1104.9106.2107.2105.2

106.7

101.8101.3101.577.297.9

112.8105.8118.0122.3105.8104.4

105.5

98.2103.196.494.795.1

108.5

102.4102.4100.8132.0100.2

100.489.2

111.883.8

117.3120.3109.2116.2102.5104. 5

110.7120.8121.0101.5121.8

109.093.4

102.9120.5

103.3

109.1103. 9103.5103. 0108.595.093.9

101.8105.4102.786.9

163.2104.8

101.7107.5104.8110.3

$0. 944.872

102.997.5

106.8

106.2

101.9105.6107.7

107.4105.2106.4107.5105.3

107.0

102.6101.8100.788.1

101.4

112.8105.8117.6121.8105.9105.4

105.8

98.4104.296.694.792.3

108.7

102.6102.3100.6134.6100.3

100.489.6

111.983.6

117.9120.9110.1116.9102.6104.5

111.1121.5121.3101.9121.9

109.492.6

103.0121.8

103.6

109.3103.9103.5103.1108.595.694.9

102.0105.7102.587.1

166.1104.7

101.6107.9105.2110.3

$0. 942.872

102.097.5

105.2

106.0

100.8105.5107.6

107.6104.7106.4107.7105.1

105.7

101.0104.595.897.199.5

111.7105.9117.3121.2104.3104.7

106.0

98.5105.496.994.289.1

108.7

103.4102.3100.6134.5101.9

100.489.7

112.083.5

118.0121.6107.8116.3103.6105.4

111. 2121.7121.4101.8122.2

109.692.3

103.2122.3

103.7

109.3104.4103.5103.3108.595.894.9

102.0105.9101.887.1

164.1104.7

101.6108.0105.3110.3

$0. 943.871

100.096.3

102.5

105.7

99.7105.5107.2

107.6104.2106.3107.7104.8

104.6

99.698.499.990.897.4

110.6105.6117.5120.7104.2101.7

106.0

98.5105.997.094.481.5

108.8

103.7102.2100.6134. 6102.4

100.689.8

112.483.3

117.0121.799.6

114.6103.6106.0

111.5121.9121.5102.2122.6

109.492.2

103.3121.1

103.8

109. 3104.5102.3103.6108.595.994.9

101.8106.0101.386.9

164.1104.0

101.6107.7104.0110.3

$0. 946.870

98.195.3

100.1

105.3

98.0105.5107.0

107.6103.7106.2107.8104.6

103.4

97.699.698.389.094.0

' 110.0105.9117.2120.1104.3100.6

106.0

98.8105.297.694.085.3

108.8

103.3102.7100.6134.8101.7

100.689.8

112.483.3

116.0121.591.3

112.9104.1106.6

111.6121.8121.8102. 3122.9

109.192.0

103.2120.0

103.9

109.4104.6102.3103.9109.395.994.0

101.8106.2100.886.8

164.5102.9

101.6108.0105.2110.3

$0. 950.867

98.998.199.5

105.8

100.5

110.7

106.0

$0. 945

r Revised. * Preliminary. 1 Computed by QBE. d^For actual wholesale prices foods and fuels. IfFormerly "farm prod, and processed foods." 9 Includes items notof individual commodities, see respective commodities. {Beginning Jan. 1967, indexes shown separately. *New series; data prior to Feb. 1966 (where available) may be obtainedincorporate revised weighting structure reflecting 1963 values of shipments; details regarding from BLS. eFormerly "canned and frozen fruits and vegetables." formerlyweight revision as well as changes in classification structure are available from the Bureau "commod. other than farm prod, and foods." AFormerly "television, radio receivers,of Labor Statistics, U.S. Dept. of Labor, Wash., D.C. 20212. ©Goods to users, incl. raw and phonographs." c Corrected.


June 196T SURVEY OF CURRENT BUSINESS S-9


1965 1966

Annual

1966


1967


CONSTRUCTION AND REAL ESTATE

CONSTRUCTION PUT IN PLACE f

New construction (unadjusted), total.. mil. $..

Private, total 9 . d oResidential (nonfarm) .do

New housing units doNonresidential buildings, except farm and pub-

lic utilities, total 9 mil. $..Industrial doCommercial .do

Farm construction doPublic utilities do_._.

Public, total 9 . . . . d o

Buildings (excluding military) doResidential.. do

Military facilities doHighways and streets do

New construction (seasonally adjusted at annualrates), total bil. $

Private, total 9 .-do

Residential (nonfarm) doNonresidential buildings, except farm and pub-

lic utilities, total 9 bil. $..Industrial doCommercial ._ _ _ .do

Farm construction doPublic utilities do....

Public, total 9 do

Buildings (excluding military) do _Residential do

Highways and streets do. „

CONSTRUCTION CONTRACTS

Construction contracts in 48 States (F. W. DodgeCo.):

Valuation, total mil. $

Index (mo. data seas, adj.) 1957-59= 100. .

Public ownership _ _ _ mil. $Private ownership do __By type of building:

Nonresidential do_.Residential do

Non-building construction . doNew construction planning

(Engineering: News-Record) § doConcrete pavement awards:

Total _ thous. sq. ydsAirports do

Streets and alleys doMiscellaneous do

HOUSING STARTS AND PERMITS

New housing units started:Unadjusted:

Total, incl. farm (private and public) thous..One-family structures. ... do

Privately owned do

Total nonfarm (private and public) . . doIn metropolitan areas do

Privately owned do

Seasonally adjusted at annual rates:Total, including farm (private only) . . doTotal nonfarm (private only) do

New private housing units authorized by bldg. per-mits (12,000 permit-issuing places) :

Seasonally adjusted at annual rates:Total thous

One-family structures. __ . _ do

CONSTRUCTION COST INDEXES

Dept. of Commerce composite 1957-59= 100. .American Appraisal Co., The:

Average, 30 cities 1913 = 100__Atlanta doNew York... doSan Francisco.. doSt. Louis do

Associated General Contractors (building only)1957-59=100..

' Revised. 1 Annual total includes revisions notfrom cumulative valuation total. 3 Data cover 6 n

f Revised series. Monthly data for 1962-34 appear c

71, 930

49,99926, 68920, 765

16, 5215,0866,7041,1955,178

21, 931

7,716464883

7,547

* 49, 272

2143

16, 20933, 064

17, 21921, 24810, 805

45, 625

125, 5804,410

86, 77929, 0165,376

1, 542. 7963.5

1, 505. 0

1, 520. 41, 067. 51, 482. 7

1,241710

116

824904925814808

123

distributlonths.n p. 40 of

74, 369

50, 62324, 63318, 773

18, 7346,7796,887

23, 746

770

150,150

2145

18, 15231, 998

19, 39317, 82712, 930

52,112

119, 1084,187

87, 83423, 6433,443

1,251.9794.7

1,220.2

1, 228. 6850.7

1,196.9

966566

121

867941963867852

127

ed to morj

the May

6,228

4,3082,1911,620

1,546565550

1,920

7124266

657

78.6

54.3

27.4

19.67.27.1

24 2

8.5.6.9

8.8

5,098

161

1,5743,524

1,8832,0811,134

3,686

149.295.4

147.1

146.9106.8144.8

1,5021,481

1,185660

119

854926954852836

125

ths. 2

1966 SUR

6,579

4,4972,3671,734

1,533557537

2,082

7454456

769

76.1

52.3

27.0

18.26.96.1

23.9

8.5.6.6

8.8

5,132

156

1,9023,230

1,8261,9701,335

3,578

139.388.1

135.4

136.191.7

132.2

1,3181,287

1,098596

120

858927954852853

126

Compu

VEY.

7,044

4,7892,5341,848

1,621612573

2,255

8024874

867

74.8

52.1

26.2

18.77.56.3

22.7

8.3.6.7

8.3

4,854

147

1,9372,916

1,8851,8281,140

4,902

34, 1191,419

23, 8148,027

859

130.783.8

127.5

128.387.5

125.1

1,2851,261

954574

121

863927954852853

127

ted

6,955

4,6522,4121,846

1,612616585

2,303

7795064

962

72.5

50.1

25.1

17.97.26.3

22.4

8.2.5.8

8.2

4,797

147

2,0202,778

1,8131,4841,499

2,362

104.871.4

104.0

103.169.6

102.3

1,0881,068

921543

122

877950969887863

128

9 Incl§Dats

6,915

4,6472,2661,754

1,722631639

2,268

7655270

926

72.2

49.7

23.9

18.57.26.5

22.5

8.3.6.7

8.1

4,323

139

1,5682,754

1,7291,5151,079

3,807

107.371.2

105.4

105.271.8

103.3

1,1071,084

844491

122

881952971888863

128

udes dati for Jun

6,847

4,5472,1351,650

1,759621653

2,300

7895875

874

73.8

49.7

23.1

19.36.97.1

24.0

9.0.6.8

8.2

4,103

146

1,3792,724

1,6761,2801,146

5,937

95.262.692.4

93.063.990.2

1,0751,050

733450

122

883953980890864

128

a not she3, Sept.,

6,586

4,3021,9681,507

1,670587635

2,284

8036265

833

71.0

46.8

22.0

17.66.26.6

24.3

9.2.6

8.1

4,106

139

1,6072,499

1,7961,2251,086

4,533

82.855.280.2

80.653.778.1

848826

714434

122

884969980890864

128

wn sepaand Dec

6,204

4,1401,7951,356

1,672609624

2,064

7545665

694

71.4

46.8

20.8

18.56.47.1

24.6

9.4.6

8.0

3,461

130

1,3572,104

1,4241,076

961

4,434

77.650.975.3

76.250.673.9

1,012993

715441

123

885970979886878

129

rately.. 1966 an

5,562

3,8401,6221,217

1,579575600

1,722

60

71.3

46.9

20.5

18.96.27.5

24.4

3,189

133

1,2871,903

1,358903928

6,940

359,3063 2, 255

3 42, 723312,4553 1,873

65.740.363.6

64.446.862.3

1,0891,066

759477

123

887970979884879

129

d Mar. 1(

4,857

3,3071,3791,033

1,404492529

1,550

48

72.9

48.3

20.7

20.36.78.1

24.7

2,838

126

1,1131,725

1,175937726

4,940

67.740.7

'65.0

66.347.863.7

1,2971,266

942549

123

889970992890883

129

)67 are fc

4,421

3,0611,244

947

1,327482490

1,360

45

73.4

49.0

21.2

20.37.17.9

24.4

3,300

143

1,1882,112

1,4301,056

814

5,401

65.9'40.3

64.1

64.7'47.4

62.9

1,1631,147

894551

123

891970997890883

129

r 5 week

' 5, 122

'3,404' 1, 503' 1, 084

'1,357'473'512

1,718

45

'73.1

'48.4

21.8

'19.2'6.5'7.4

24.7

4,424

149

1,5092,916

1,7141,5841,127

' 4, 781

'97.0'65.2'95.5

'94.7'64.7' 93. 2

' 1, 167' 1, 140

928558

123

891970997890883

129

s; other r

5,726

3,7981,8011,240

1,429463544

1,928

71.9

47.6

22.2

18.15.97.0

24.3

4,389

138

1,4982,891

1,8301,627

931

3,359

' 116. 780.1

' 114. 5

' 115. 078.1

' 112. 8

' 1,173'1,156

'1,028'578

123

891972997890882

129

Lionths,4

4,293

137.2

135.1

134.9

~~132.Y

1,3101,286

1,046601

130

weeks.




1965 1966

Annual

1966


1967


CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION COST INDEXES-Con.

E. II. Boeckh and Associates, Inc.: fAverage, 20 cities:

All tvpes combined 1957-59 — 100Apartments, hotels, office buildings doCommercial and factory buildings doResidences do

Engineering News-Record:Building doConstruction do

Bu. of Public Roads— Highway construction:Composite (avg. for year or qtr.) 1957-59 — 100

CONSTRUCTION MATERIALS

Output index:Composite unadjusted 9 1947-49 — 100

Seasonally adjusted do

Iron and steel products, unadjusted-.. _ do. .-

Portland cement, unadjusted do

REAL ESTATE

Mortgage applications for new home construction:Applications for FHA commitments

thous. units. .Seasonally adjusted annual rates} do

Requests for V A appraisals doSeasonally adjusted annual rates J do -

Home mortgages insured or guaranteed by-Fed. IIous. Adm.: Face amount- - _ mil. $.Vet. Adm.: Face amount§ do

Federal Home Loan Banks, outstanding advancesto member institutions, end of period mil. $_.

New mortgage loans of all savings and loan associa-tions estimated total mil $

By purpose of loan:Home construction . do _Home purchase .._ -_ doAll other purposes do

N on farm foreclosures number

Fire losses (on bldgs., contents, etc.) mil. $_.

117.2118.5117.2115.2

118 9127.8

105.7

156 3

161.1155 3186 2

188.9

102.1

7, 464. 592, 652. 23

5,997

23 847

5,92210, 697

7, 228

116 664

1,455.63

122 1123.2122.2

r 120 0

123 8134 3

113 0

157 6

169 0155 0189 8

153.0

99.2

6 095 322, 600. 53

6,935

16 729

3 6047 7485 377

117 473

1, 496. 76

120 3121.4120.3118 7

123.1132.4

168 4165 4

189.0167 8184 7

16.0168

10.1111

515.71131.82

6,516

1 888

430798660

9 765

123. 59

121 2122.3121.1119 4

123.7133.4

175 9164 2

187.5168 8211 3

12.81339.4

98

497. 79166. 66

6, 704

1,696

390773533

10 197

117.47

121 9123.1121.9120.1

124 5135.4

113.7

180 5168 5

196.4166 5250 6

13.01278.8

90

557. 09205. 32

6,783

1,629

340823466

10 844

123. 99

122 8124.1122.9120 9

124.6136.1

160 °166 9

175.3142 7226.7

10.61248.5

99

504.84219. 04

7,342

1,234

266643325

9 731

124. 71

123 1124.3123.2121 0

125.0136.5

175 8160 0

185.3166 3258.3

11.6119

10.4106

546. 13287. 43

7,226

1,314

272722320

9 959

123. 84

123 3124.5123.4121 2

125 2136.5

115.6

165 1158 7

171.5158 1233.3

13.01518.9104

515.89257. 14

7,175

1,119

241572306

9,615

118.71

124.0125.1124.2121.8

125.0136.3

156 8139.0

162.8150 1234.2

9.91229.1119

415.68270. 88

7,249

947

208473266

9,676

121.75

124.7125.6125.0122.2

125.0136.4

139.5146.4

152.1135.3174.7

8.71357.0103

368. 53247. 50

7,084

866

184423259

9,713

115. 63

125.1125.9125.5122.6

124.9136.5

112.8

124.5144.9

138.0129 1125.9

12.52036.6104

327. 27225. 63

6,935

936

189423324

9,208

142.21

125.3126.2125.7122.9

125.2137.3

143.3132.7110.4

10.11577.1107

379. 30213. 88

6,340

788

165365258

10,211

159. 74

125.4126.3125.8123.0

125.5137.5

r 132. 4137.1102.5

10.71357.7104

301.12168. 52

5,800

950

205420325

8,701

155. 08

125.5126.3125.8123.1

125.9137.8

113.2

171.1165.0148.1

16.6152

10.3103

388. 16195.36

5,175

r 1,347

r306r571r470

10, 584

149. 66

125.8126.6126.1123.3

125.9137.8

14.8162

11.0125

358. 98184. 12

4,782

* 1,339

-312'586r441

142.86

i 127. 21 139. 9

16.0160

10.9108

406. 92

4,421

1,725

409772544

DOMESTIC TRADE

ADVERTISING

Printers' Ink advertising index, seas, adj.:^Combined index 1957 59—100

Business papers doIVIagazines doNewspapers doOutdoor doRadio (network) do

Television advertising:Network (major national networks) :

Net time costs total m^l $Automotive incl accessories doDrugs and toiletries do

Soaps cleansers etc doSmoking materials doAll other do

Spot (natl. and regional, cooperating stations):Gross time costs, total mil. $..

Automotive, incl. accessories doDrugs and toiletries doFoods soft drinks confectionery doSoaps cleansers etc doSmoking materials doAll other do

Magazine advertising (general and natl. farm maga-zines) :

Cost, total.. mil. $-.Apparel and accessories doAutomotive , incl. accessories doBuilding materials.. _ . ... do. _.Drugs and toiletries ...doFoods, soft drinks, confectionery do

Beer, wine, liquors doHousehold equip., supplies, furnishings.. doIndustrial materials.. . . doSoaps, cleansers, etc doSmoking materials _ do -All other .do

136121147108

92109175

1 260 399 1

409 2234 8112 0145.4959 s

1, 075. 538.9

207.4377 7100 448 7

302 4

1,076.964.8

111.730.4

115.9133.9

69.371.550.521.741.6

365.6

14812815911991

118194

1 411 3106 7429 8274 0131 5161 4308 0

1,189.354.1

219.4414 2103 351 0

347 3

1,166.768.1

123.534.5

134.4125.4

79.280.153.317.639.6

411.0

14012815110983

131180

112.49.2

12.54.7

11.110.9

6.08.94.21.73.0

40.2

14413215012099

124181

110.46.7

11.83.9

12.010.6

7.010.04.81.63.5

38.5

14812616212084

118195

308 821.391 769 031 532.569 9

313.716. 153.6

108 126.812 9

96 8

93.02 e

9^23.4

12.710.8

6.37.54.6.9

3.431.9

14412515511484

109193

71.81.06.92.19.39.8

5.14.04.51.23.1

25.0

1521291631269790

200

67.47.05.01.88.87.3

3.63.14.0.9

2.822.9

160130165132

77113•>27

301.521.493.959 734.535.356.8

270.611.450.789 926.912 679.1

108.111.78.93.6

11.210.2

6.37.95.11.83. 6

37.8

15113615711980

125206

125.97.6

16.33.7

13.912.1

8.411.15.9

• 1.73.9

41.3

15512816712495

114210

126.16.0

13.52.7

15.212.8

11.08.55.62.54.5

43.9

15012816811011693

201

446.539.9

128.080.035.352.5

110.8

314.813.758.1

108.423.213.597.8

" 101.54.07.81.4

13.810.3

14.15.04.51.44.5

34.7

68.41.77.01.48.07.1

3.02.84.01.12.5

29.7

89.94.1

10.12.0

11.610.4

5.13.54.11.73.4

33.9

403.329.6

122.887.037.748.377.9

106.46.8

10.93.8

11.511.0

6.86.55.52.33.1

38.2

110.98.3

10.24.2

13.08.6

6.68.65.92.53.1

39.9

'Revised. 1 Index as of June 1, 1967: Building, 128.1; construction, 141.1.^Copyrighted data; see last paragraph of headnote, p. S-l.9 Includes data for items not shown separately.

IRevised seasonally adjusted data for 1958-64 will be shown later.§Data include guaranteed direct loans sold.cf Revisions for Jan. 1964-Feb. 1966 will be shown later.


June 1967 SURVEY OF CURRENT BUSINESS S-ll


1965 | 1966

Annual

1966


1967


DOMESTIC TRADE—Continued

ADVERTISING— Continued

Newspaper advertising linage (52 cities) :Total mil. lines..

Classified - doDisplay, total__ . _ _ _ _ _ _ _ do

Automotive doFinancial _ ._ doGeneral. _ _ _ .. _ . doRetail. _ do ..

RETAIL TRADE

All retail stores: tEstimated sales (unadj.), total t mil. $

Durable goods stores 9 doAutomotive group do

Passenger car, other auto, dealers doTire, battery, accessory dealers do

Furniture and appliance group 9 _doFurniture, home furnishings stores doHousehold appliance, TV, radio do

Lumber, building, hardware group doLumber, bldg. materials dealerscf doHardware stores do

Nondurable goods stores 9 . do ..Apparel group _ ... do

Men's and boys' wear stores doWomen's apparel, accessory stores. _ .doFamily and other apparel stores _ do _.Shoe stores _ _ _ _ d o

Drug and proprietary stores. _ doEating and drinking places _ do -Food group _ .- _ do -.

Grocery stores do ..Gasoline service stations do

General merchandise group 9... . do ..Department stores doMail order houses (dept . store mdse.) _ do. . - -Variety stores do

Liquor stores do

Estimated sales (seas, adj.), total f do

Durable goods stores 9 - doAutomotive group do ..

Passenger car, other auto, dealers doTire, battery, accessory dealers do

Furniture and appliance group 9 doFurniture, homefurnishings stores do ..Household appliance, TV, radio do ..

Lumber, building, hardware group doLumber, bldg. materials dealers cf doHardware stores do

Nondurable goods stores 9 doApparel group. do

Men's and boys' wear stores doWomen's apparel, accessory stores doFamily and other apparel stores. do .Shoe stores _ . do

Drug and proprietary stores doEating and drinking places doFood group . do

Grocery stores doGasoline service stations do

General merchandise group 9 do .Department stores doMail order houses (dept. store mdse.) doVariety stores . do

Liquor stores do. ..

Estimated inventories, end of year or month: tBook value (unadjusted), total f mil. $._

Durable goods stores 9 doAutomotive group doFurniture and appliance group. do .Lumber, building, hardware group. _do._ . .

Nondurable goods stores 9 doApparel group.. doFood group doGeneral merchandise group ._ do

Department stores do

Book value (seas, adj.), total f - - doDurable goods stores 9 do

Automotive group _ doFurniture and appliance group.. . doLumber, building, hardware group. ..do. ..

r Revised. 1 Advance estimate. fRevised se(effective with data for Oct. 1965) based on definitioiof Business; the 1965-66 retail inventories also refleRetail Trade (Census annual) and updating of seasto 1959 appear in the November, April, and Febru

3, 164. 6865.6

2, 298. 9170.463.4

288.51,776.7

283,852

93, 71856, 26653, 2173,049

13, 7378,5384,223

12, 1159,3022,813

190, 13415, 7523,2586,2433,6802,571

9,33521, 42366, 82260, 97021, 765

35, 84023, 4212,5815,3206,305

33, 43514, 7377,0702,3902,386

18, 6983,8114,0665,8823,519

34, 60715, 194•7 2442,4492,467

ries. Datis and cla3t incorpc3nal factoary 1966 i

3, 354. 3924.3

2, 430. 0182.973.2

310.31,863.6

303, 672

97, 81257, 41453, 8753,539

14, 9789,0894,905

12, 3079,3402,967

205, 86017, 2763,5376,9134,0152,811

10, 14823, 43171, 12565, 10523, 012

39, 81126, 0942,6915,7276,758

35, 84616, 1447,9382,5122,401

19, 7024,1024,2016,4253,919

36, 96116, 5368,1082,5742,483

a reflectssificationration ofrs. Latesssues of t

282.481.6

200.816.06.6

27.2151.0

25, 477

8,3725,1384,848

290

1,097699336

1,038794244

17,1051,456

268604305279

8241,9016,0755, 5591,898

3,0802,007

198460541

24, 949

7,9394,5804,302

278

1,202741379

1,034797237

17,0101,389

279579308223

8431,9245,9815,4671,927

3,1942,099

224453564

36, 28016, 4498,0822,5642,561

19, 8314,0984,0716,6053,949

35, 34615, 6907,3942,5292,489

use of nsof the ]new datt reviseohe SURV

308.987.0

221.818.75.5

31.5166.2

24, 763

8,0694,7874,499

288

1,129714348

1,083824259

16,6941,341

262563285231

8191,9655,7475,2401,947

3,0342,003

202429530

24, 475

7,5064,2884,017

271

1,183734372

990752238

16, 9691,406

283578313232

8311,9105,9315,4311,920

3,2132,113

216467560

36, 56116, 9408,4142,6222,592

19,6214,0564,0476,5053,897

35, 92716, 2137,7552,6062,517

ew sarni963 Cemi from 1data ba

EY (refer

289.180.9

208.318.46.7

27.8155.4

25, 950

8,7765,2334,904

329

1,229765392

1,159900259

17, 1741,373

299532307235

8292,0715,9795,4642,002

3,2082,141

192454543

25, 394

8,0564,7714,479

292

1,208746397

1,006769237

17, 3381,460

295583341241

8481,9675,9755,4721,927

3,3552,214

219487572

36, 46716, 9678,4202,6232,567

19, 5003,9534,0956, 4563,855

36, 32516,4117,9142,6282,512

)leus

965ckin

254.980.3

174.614.67.4

18.9133.7

25, 329

8,1624, 7554,424

331

1,239751423

1,116870246

17,1671,253

261492296204

8282.2196, 2625, 750'2, 056

2, 9651,924

179436558

25, 362

8, lOfi4,7644, 460

304

1,258771429

1,007764243

17,2561.464

301584351228

8441,9965, 9245, 4361,918

3, 3652, 201

234481549

36, 15516, 6908,0742,6352,499

19, 4653,9844,0906,4723,887

36, 31216, 3307,6972, 6672,484

that or1965 arReporlD.C.materi

273.081.6

191.414.84.6

20.1151.9

25, 348

8,2344,6774,365

312

1,315816418

1, 155911244

17,1141,375

280524349222

8232,1775,8815,3772, 024

3,2592,110

229465539

25, 572

8, 3584,9594, 658

301

1,285782423

1,014769245

17,2141,499

327582359231

8371,9755, 9205, 4261,906

3, 3322, 182

219480551

35, 28015.2956, 6692, 6362, 492

19, 9854, 2454,114(i, 6804, 019

36, 19116,0797,5362, 63(>2, 494

der to pie not ava, Jan. K

20233. $als deale

288. 877.3

211.518. 25.5

30.6157. 2

24, 864

7,6594,0953,799

296

1,311777442

1, 082835247

17,2051,469

285571358255

8212,0346, 0395, 5441,923

3,2742,158

218462551

25, 703

8,3945,0344, 725

309

1,293777440

975732243

17,3091,472

313579349231

8601,9755,9475,4461,931

3,3412, 189

222486567

35, 62815,0156, 4222,6982,455

20, 6134,4494,2027,0274,271

36, 35516,2417,7192,6562,467

). 26, 18,liable.66 and sInclude

rs, and p

308.781.4

227.216.77.1

31.5171.9

25,923

8,6255,0964,789

307

1,332815426

1,077827250

17,2981,478

297596362223

8412, 0065, 9225, 4301,959

3,3752, 221

232467551

25,550

8,2764,9214, 618

303

1,266766402

971724247

17,2741,466

294589351232

8591,9745, 9495,4521,926

3,3542,195

229484561

37, 19315, 7607,0352, 7592, 489

21, 4334,5754,3107, 5234, 608

36, 68016, 4967,9492, 6662, 522

and 20, iCompletubseques data naint, plu

305.470.4

235.014.25.8

32. 6182.4

26, 158

8,4104,8994,587

312

1,391836453

1,012759253

17, 7481,553

325614383231

8401,8845, 7555,2791,922

3, 9582,575

341524587

25,610

8,1434,7614,445

316

1,283775416

986737249

17, 4671,463

303573345242

8761,9795,9215,4371,939

3,4762,273

238503570

38,17116, 3847,6152,7752, 492

21,7874,6494,2587,6714,760

36, 73416, 5818,1712, 6482, 525

espective detailsit issuesot shownmbing, i

289.761.1

228. 69.25.7

23.1190.6

31, 804

8,9164,6384,236

402

1,712943622

1,014645369

22, 8882,540

586979638337

1,1952, 0396, 6796,1341,972

6, 1114,025

350989896

25,368

8,1564,7454,445

300

1,270741425

997747250

17,2121,386

282536335233

8922,0195, 8615, 3761,915

3,3112,162

216475564

35, 84616, 1447, 9382,5122,401

19, 7024,1024,2016,4253,919

36, 96116, 5368,1082,5742, 483

ely) ; revfor retail, availabseparate

md elect

241.171.1

170.011.67.9

20.5129.9

22, 567

7,0184,1973,963

234

1,136676380

777574203

15, 5491,224

272480273199

8371,8455,5485,0921,827

2, 5111,658

156330514

25,687

8,2004, 6044,298

306

1,312792429

1,062803259

17, 4871,514

317587360250

8772,0365,9115,4171,931

3,4192,244

220486591

35, 85616, 5748,1602,5152,444

19, 2823,9774,1646, 3093,793

36, 92416, 4917,8672, 5982, 530

sed accosales ap

le from 1ily. o71 (deal stor

233.666.4

167.212.34.7

22 7127.' 5

21, 648

6,8014,0103,787

223

1,101654375

741557184

14, 8471,042

213422239168

8181,7265,4074,9611, 722

2, 4001,534

172347500

25, 470

7,9554,3944,085

309

1,308780449

1,058801257

17, 5151,476

304576357239

8832,0265,9425,4521,968

3,3612,191

230472595

36, 34916, 6818,2552,5182,410

19,6684,2224,1296,4603,891

36, 64416,3157,6722,6122,447

tints rece3ear in tlhe BureComprisees.

278.374.1

204.314.35.6

25.5158.9

'25,679

r 8, 234'4,989'4,711

-278

'1,192'715

401

'905'684'221

'17,445'1,512

'277'590'354-291

'8931,9406,0965, 5961,901

3, 1972,077

221'466'551

'25,739

' 8, 150' 4, 602' 4, 291

'311

'1,278'755

441

'1,049'794'255

'17,589' 1,443

'315'557'343'228

'889'2,046' 6, 041'5,535'1,964

' 3, 327' 2, 200

223'448'584

37, 10816, 8558,2212,5482,471

20, 2534,3084,1896,7674,108

36, 52616, 1427,5152, 5612, 418

ivable dic Montilu of thes lumbei

294.380.2

214.115.65.8

28.9163.8

'25,085

' 8, 235' 4, 997

4,688309

'1,158724373

996734262

' 16, 850'1,379

281552310236

'8491,9835,8125,3451,941

3, 0522,017

198414535

'25,923

' 8, 1324,7004,390

310

1,284790427

1,045775270

'17,7911,590

332616388254

9042,0265,9885, 5101,993

3,4822,279

229520602

37, 19916, 8268,1052, 5992, 514

20, 3734,3144, 1676, 8334,123

36, 23616, 0337, 4092, 5682, 448

ata priorily Reta

Censusyards,

126,739

i 8, 844i 5, 432

i 1, 204

117,895i 1,549

19142,1085,9545,4682,044

3,2812, 146

126,069

i 8, 099

U7,970

to Oct.il Trade, Wash.Duilding


S-12 SURVEY OF CUEEENT BUSINESS June 1967


1965 1966

Annual

1966

Apr. I May June July Aug. Sept. Oct. Nov. Dec.

1967


DOMESTIC TRADE—Continued

RETAIL TRADE— Continued

All retail storesf— ContinuedEstimated inventories, end of yr. or mo. f— Con.

Book value (seas, adj.)— ContinuedNondurable goods stores 9 mil. $

Apparel group . . _ doFood group - _ _ . doGeneral merchandise group do

Department stores do

Firms with 11 or more stores :fEstimated sales (unadj.) , total 9 f do

Apparel group 9 doMen's and boys' wear stores doW^ omen's apparel accessory stores doShoe stores do

Drug and proprietary stores _ _ _ d oEating and drinking places doFurniture and appliance group do

General merchandise group 9 doDept. stores, excl. mail order sales doVariety stores do

Grocery stores do

Tire battery accessory dealers do

Estimated sales (seas adj ) total 9 1 do

Apparel group 9 doMen's and boys' wear stores doWomen's apparel, accessory stores doShoe stores do

Drug and proprietary stores doEating and drinking places do

General merchandise group 9 doDept stores excl mail order sales doVariety stores do

Grocery stores doLumber yards, bldg. materials dealerscfL-doTire battery accessory dealers do

All retail stores, accounts receivable, end of yr. or mo. :Total (unadjusted) f mil. $ -

Durable goods stores _ doNondurable goods stores.. . . . _ do. _

Charge accounts doInstallment accounts do

Total (seasonally adjusted) t doDurable goods stores _ do.Nondurable goods stores do

Charge accounts ... . . do.Installment accounts do

19 4134 0334,0866 3403 772

73 356

4 445557

1 6561 168

2,3001 8911 193

26 11217, 5934 096

27 627

1 312

18, 1937,120

11,0738,2699 924

17, 0346,916

10, 1187,8339,201

20 4254 3184 2096 9094 200

80 323

4 770573

1 7791 269

2,6632 2221 276

28, 98819, 6534 593

29, 906

1 472

18, 9867,212

11, 7748,164

10 822

17, 7676,987

10, 7807,730

10, 037

19 6564 0744 0156 5803 929

6 661

42045

158125

20718396

2,2361,511

368

2,631

124

6 574

38245

150100

213184

2,2951,553

359

2,506

120

17,0656,606

10, 4597,7319,334

17, 3086,835

10, 4737,7659,543

19 7144 1184 0236 5853 940

6 291

37342

145102

206187100

2,2201,516

341

2,336

124

6 536

38243

146102

215181

2,3361,576

370

2,449

117

17, 5206,894

10, 6268,0589,462

17, 4836,942

10, 5417,9009,583

19,9144,1444,0996 6904 041

6 608

38848

144107

217197107

2,3611,629

363

2,441

137

6 702

40248

149108

224187

2,4301,652

385

2,491

121

17, 7747,163

10,6118,2369,538

17, 7227,002

10, 7208,1519,571

19, 9824,1944,1486,6814 062

6,511

32439

12387

216196108

2,1681,474

342

2,630

134

6,664

38647

144103

222182

2,4251,643

377

2,517

124

17, 3326,947

10, 3857,8479, 485

17, 4826,778

10, 7027,8649,618

20, 1124,1864,2076,7084 060

6,565

37740

14197

212189111

2,3831,605

371

2,414

120

6,729

40551

147103

223175

2,4171,650

380

2,544

117

17,4807,059

10, 4217,8839,597

17, 6956,867

10, 8287,9609,735

20, 1144,1744,2196,7214,079

6,759

40144

145116

214189109

2,3881,632

371

2,582

116

6,762

39550

144104

225183

2,4441,665

388

2,519

122

17, 4206,975

10, 4457,7399,681

17, 5926,817

10, 7757,8189,774

20, 1844,1864,2306,7534 074

6,804

40951

155100

219189115

2,4681,687

377

2,513

123

6,871

40649

155106

227185

2,4951,664

390

2,549

123

17, 5466,991

10,5557,8559,691

17, 5786,775

10, 8037,8079,771

20, 1534,2304,1506,7454 111

7,190

44457

166108

229184117

2,8861,947

429

2,437

126

6,856

40649

151112

237191

2,5521,725

411

2,518

128

17,8166,981

10, 8357,9709,846

17, 7446, 905

10, 8397, 8349,910

20, 4254,3184,2096,9094,200

9,940

72299

266169

380203136

4,4402,987

809

2,949

175

6,700

39748

141109

242206

2,4031,638

388

2,489

124

18, 9867,212

11, 7748,164

10, 822

17, 7676,987

10, 7807,730

10, 037

20,4334,3434,2486,9514,240

5,695

30643

10685

21719390

1,8221,256

266

2,330

97

6,885

42152

154112

240213

2,5131,730

402

2,492

127

18,1676,954

11,2137,63010,537

17,8497,124

10,7257,690

10,159

20, 3294,3894,1626,8324,162

5,550

27131

10276

22118589

1,7201,146

278

2,334

93

6,907

41846

160109

254214

2,4711,685

387

2,548

131

17, 5386,751

10, 7877,338

10, 200

18, 0077,144

10, 8637,721

10, 286

20, 3844,3694,1566,8954,179

'6,855

43045

152133

250206103

2,3241,561

383

' 2, 686

116

' 6, 852

37247

13898

253209

2,4491,671

369

' 2, 556

135

'17, 656r 6, 766'10, 890' 7, 518••10, 138

-18, 159' 7, 129'11,030' 7, 804'10,355

20, 2034,2884,1146,8174,115

6,500

37143

140101

229202104

2,2371,533

341

2,516

127

6,993

43850

165121

245205

2,528

1,683420

2,583

127

17,8256,916

10, 9097,732

10, 093

18, 2247,224

11,0007,862

10,362

EMPLOYMENT AND POPULATION

POPULATIONPopulation, U.S. (incl. Alaska and Hawaii):

Total, incl. armed forces overseas mil

EMPLOYMENTNoninstitutional population, est. number 16 years

of age and over, total, unadj© _ _ . _ _ . _ mil

Total labor force, incl. armed forces© thous..

Civilian labor force, total ._ _..do.Employed, total do

Agricultural employment _ doNonagricultural employment do

Unemployed (all civilian workers) doLong-term (15 weeks and over) do

Percent of civilian labor force .Not in labor force© thous

Civilian labor force, seasonally adj© do

Employed, total doAgricultural employment doNonagricultural employment -do

Unemployed (all civilian workers) do _ .Long-term (15 weeks and over) do

Rates: fAll civilian workers

Men, 20 years of age and overWomen, 20 years of age and overBoth sexes, 16-19 years of age

r Revised. 1 As of July 1. fSee corresponding9 Includes data not shown separately,d" Comprises lumber yards, building materials deal

stores. Ûnemployed in each group as percent©Effective Feb. 1967 SURVEY, data reflect revise

age, sample, and definition as follows: For all period

U94.57

129. 24

77,178

74, 45571,088

4,36166, 726

3,3667554.5

52, 058

4.53.24.5

14.8note on

ers, and p3f that gid seasonal5 — data co

1 196. 84

131.18

78, 893

75, 77072, 8953,979

68,915

2,8755363.8

52, 288

3.82.53.8

12.7p. S-ll.

aint, pluioup.factors a

ver persoi

196. 34

130. 75

77,812

74,80472, 0774,020

68, 055

2,7297663.6

52,93875,341

72, 5424,199

68, 3432,799

590

3.72.43.7

12.9

nbing, ai

nd changis 16 year

196. 50

130. 92

78,459

75,41472, 6204,097

68, 523

2,7946023.7

52, 46675, 149

72, 2533,902

68, 3512,896

538

3.92.43.9

13.7

id electn

es in co\sof age£

196. 67

131. 08

80, 727

77, 62874, 0384,704

69, 333

3,591

4.650,35675, 668

72, 7303,981

68, 7492,938

486

3.92.63.8

13.0

cal

rer-tnd

196. 84

131.24

80, 838

77, 70374, 6554,580

70, 076

3,048

3.950,39775, 770

72, 8463,926

68,9202,924

446

3.92.63.7

13.1over (expanemploBLSIWashi

197. 02

131.42

80, 665

77,48774, 6664,308

70,359

2,821

3.650,75576, 069

73, 1413,935

69, 2062,928

462

3.82.53.9

12.5eliminatded (to tyment (cSMPLOYMngton, D

197. 22

131.59

78, 982

75, 75373, 2484,186

69, 063

2,505

3.352, 60976, 039

73, 1953,886

69, 3092,844

493

3.72 43.8

12.9ng abou)2,500 holata are rENT AND.C. 20401

197. 43

131.77

79, 488

76, 20973, 7444,114

69, 630

2,466

3.252, 28576, 081

73, 1993,779

69, 4202,882

517

3.82.44.0

12.7

u a inilliouseholdseasonablEARNIN

197. 63

131.95

79, 895

76, 57373,995

3,81470, 180

2,577

3.452, 05476, 612

73, 8973,892

70, 0052,715

484

3.52.43.4

11.4n person

and chy compaGS AND IV

197. 81

132. 12

79, 642

76, 25273, 5993,360

70, 239

2,6534403.5

52, 47976, 764

73, 8934,011

69, 8822,871

496

3.72.43.9

12.2s previoimges marable wit[ONTHLY

197. 98

132. 30

78, 706

75,32072, 1603,335

68, 826

3,1605154.2

53, 58977, 087

74,2554,015

70, 2402,832

485

3.72.24.3

11.0isly covede in deh. earlierREPORT

198. 14

132.45

79, 107

75, 68972, 5063,281

69, 225

3,1835064.2

53,34177, 025

74, 1373,890

70, 2472,888

439

3.72 2SLO

13.2red); bejfinitionsestimateON THE I

198. 29

132. 63

78, 949

75, 51372, 5603,410

69, 149

2,9545603.9

53, 67876, 523

73, 7473,855

69, 8922,776

436

3.62.34.1

10.7ginning Jfor emps) ; see FvABOR F(

198. 47

132. 80

79, 560

76, 11173, 4453,721

69, 724

2,6665763.5

53, 23476, 740

73, 9103,890

70, 0202,830

436

3.72.34.1

11.6an. 1967-loyment3b. and IV)RCE, U.

198. 77

132. 97

79, 551

76, 09573, 6373,825

69, 812

2,4574643.2

53, 41976, 189

73, 2893, 652

69, 6372,900

414

3.82.43.9

13.1—sampleand un-lar. 19673.QPO,




1965 | 1966

Annual

1966


S-131967

Jan. Feb. Mar. Ar.>r. Mayp

EMPLOYMENT AND POPULATION—ContinuedEMPLOYMENT— Continued

Employees on payrolls (nonagricultural estab.):fTotal, unadjusted! - thous

Manufacturing establishments do.Durable goods industries do___Nondurable goods industries do...

Mining, total 9 doMetal mining doCoalmining . doCrude petroleum and natural gas do

Contract construction doTransportation and public utilities 9 do

Railroad transportation doLocal and interur ban passenger transit., do

Motor freight trans, and storage doAir transportation doTelephone communication doElectric, gas, and sanitary services do

Wholesale and retail trade _ doWholesale trade doRetail trade do

Finance, insurance, and real estate doServices and miscellaneous doGovernment _ do

Total, seasonally adjustedf doManufacturing establishments do

Durable goods industries _ doOrdnance and accessories doLumber and wood products __ doFurniture and fixtures _ doStone, clay, and glass products doPrimary metal industries do

Fabricated metal products doMachinery doElectrical equipment and supplies, _ .do

Transportation equipment doInstruments and related products doMiscellaneous manufacturing ind do

Nondurable goods industries doFood and kindred products doTobacco manufactures doTextile mill products doApparel and related products doPaper and allied products doPrinting, publishing, and allied ind-.doChemicals and allied products __ doPetroleum refining and related ind.-.do. _Rubber and misc. plastics products., doLeather and leather products do

Mining _ ___ _. doContract construction _ doTransportation and public utilities doWholesale and retail trade doFinance, insurance, and real estate do.__Services and miscellaneous _ doGovernment do

Production workers on mfg. payrolls, unadjusted:!Total, unadjusted t thous..

Seasonally adjusted do. Durable goods industries, unadjusted- _ do

Seasonally adjusted doOrdnance and accessories doLumber and wood products doFurniture and fixtures "doStone, clay, and glass products doPrimary metal industries do.

Blast furnaces, steel and rolling mills.doFabricated metal products doMachinery _ doElectrical equipment and supplies doTransportation equipment 9 do

Motor vehicles and equipment doAircraft and parts do

Instruments and related products doMiscellaneous mfg. industries do

Nondurable goods industries, unadj_ doSeasonally adjusted do

Food and kindred products doTobacco manufactures... _ doTextile mill products do... IApparel and related products .. .doPaper and allied products doPrinting, publishing, and allied ind doChemicals and allied products _ doPetroleum refining and related ind_- .do.___

Petroleum refining doRubber and misc. plastics products _ _ doLeather and leather products do

60, 770

18, 03210, 3867,645

63284

142288

3,1814,033

735268

963230735625

12, 6833,3179,3663,0199,098

10, 091

60, 77018, 03210,386

226610429627

1,296

1,2681,7261,658

1,738387421

7,6451,752

87921

1,354640981906182472351632

3,1814,033

12, 6833,0199,098

10, 091

13,413

7,702

96535356504

1,058477982

1,2081,1401,238

660357247337

5,711

1,15575

8231,205

498

62254511288

367308

63, 864

19, 08111,1867,896

62886

139283

3,2814,137

717265

1,008248773635

13, 2203,4599,7613,0869,582

10,850

63, 86419, 08111, 186

256622456641

1,326

1,3521,8681,893

1,906426440

7,8961,761

84951

1,396671

1,026954183513357

6283,2814,137

13, 2203,0869,582

10, 850

14, 199

8,301

120544378515

1,080467

1,0521,3141,3161,355

671448274352

5,898

1,16671

8481,240

522

65257011489

400313

62,928

18, 77411,0397,735

59084

104281

3,1564,077

712269

974251758627

13,0153,3869,6293,0569,465

10, 795

63, 35018, 92311,065

249633451647

1,307

1,3451,8271,860

1,887418441

7,8581,757

86950

1,396664

1,017937182506363595

3,3334,114

13, 1283,0689,484

10,705

13,96914, 1008,2078,226

113539371516

1,080468

1,0421,2991,2811,355

686430268344

5,7625,8741,086

64846

1,226514

64556811288

391311

63, 465

18, 90611,1307,776

63085

141281

3,2774,115

715268

990254762628

13, 0613,4009,6613,0709,572

10,834

63, 51719, 00211,122

253623456643

1,315

1,3411,8461,877

1,901424443

7,8801,748

85952

1,412665

1,018945183508364

6283,2384,132

13, 1643,0769,515

10, 762

14, 07414, 1548,2778,261

117548373521

1,085473

1,0461,3091,2911,365

692435271351

5,7975,8931,093

62850

1,242515

64657011488

393312

64,563

19, 25811,3197,939

64588

142288

3,5214,180

728255

1,026260778644

13,2393,4739,7663,1129,702

10, 906

63, 98319, 16711, 220

257628458641

1,333

1,3481,8651,904

1,915428443

7,9471,760

86957

1,424674

1,026961183515361632

3,3004,143

13,2173,0909,549

10, 885

14,35114, 2818,4198,328

119574380530

1,108487

1,0611,3261,3221,363

686438277358

5,9325,9531,152

63862

1,25853065358011790

400318

64, 274

19, 12311,2137,910

64588

140290

3,6234,171

730247

1,031216792652

13, 2253,5119,7143,1489,782

10, 557

64, 07219, 12811,210

257622456643

1,338

1,3461,8881,903

1,888430439

7,9181,763

85955

1,388679

1,031963186518350636

3,2974,122

13, 2563,0959,609

10, 929

14, 15914, 201

8,2778,293

120568374533

1,102490

1,0351,3241,3021,299

609452275344

5,8825,9081,200

62844

1,19852865357811890

395306

64,484

19, 39111, 2498,142

64989

142290

3,6414,154

728246

1,031202796653

13, 2243,5219,7033,1469,772

10, 507

64, 19919, 26211, 324

260621462637

1,351

1,3601,9011,948

1,910431443

7,9381,765

80957

1,395677

1,035968184520357636

3,2514,105

13, 2643,1009,647

10, 934

14,41714, 3308,3048,395

123570388533

1,100482

1,0581,3251,3451,215

519458279367

6,1135,9351,291

76862

1,265534

65858411890

406320

64, 867

19, 53311,4348,099

63787

143281

3,5254,218

721264

1,046262786641

13, 2533,4989,7553,1099,707

10, 885

64, 16819, 20411,322

262609459633

1,341

1,3571,9031,941

1,945432440

7,8821,737

79952

1,390670

1,035965182517355

6283,2284,168

13, 2683,1009,649

10, 923

14, 58214, 268

8,5018,395

127553387526

1,095477

1,0711,3321,3661,393

692468280372

6,0815,8731,284

82856

1,257526

66157711689

409312

65, 190

19, 53811,4708,068

63186

144277

3,4494,198

716268

1,046264785633

13, 3853,5219,8643,0999,751

11,139

64, 46619,31211,387

265607460633

1,351

1,3651,9121,962

1,951439442

7,9251,750

78950

1,403676

1,039969182523355625

3,2024,165

13, 3403,1029,712

11,008

14, 58114, 350

8,5308,442

129541388517

1,083467

1,0771,3331,3851,414

702476282378

6,0515,9081,244

82854

1,26352966457511589

415310

65, 389

19, 52211,4808,042

62886

143277

3,3104,208

712268

1,045266790632

13, 5993,533

10, 0663,0989,739

11,285

64, 82319,41511,424

269607463636

1,351

1,3781,9171,959

1,960439445

7,9911,781

87950

1,406682

1,044974183529355

6243,2044,195

13, 3933,1109,778

11,104

14, 54814, 436

8,5278,467

133532390512

1,080462

1,0841,3331,3801,424

708486284376

6,0215,9691,209

79851

1,260534

66657611489

419312

65, 904

19, 43011,4467,984

62586

143279

3,1284,200

715271

1,031269791633

14, 2413,554

10,6873,1059,733

11, 442

65, 07619, 44511,439

269605465638

1,343

1,3791,9331,959

1,958444446

8,0061,781

86951

1,409683

1,049976183534354

6263,2934,196

13, 3923,1219,821

11, 182

14, 44014, 4468,4828,471

135516386500

1,077455

1,0791,3571,3741,425

702492286348

5,9585,9751,166

80845

1,245532

67157611389

420am

64,334

19, 23311, 3477,886

61486

143275

2,9254,162

698272

1,000274793633

13,3223,5099,8133,0959,672

11,311

65,38119, 46811, 445

276620460642

1,341

1,3801,9411,964

1,927446448

8,0231,780

89951

1,415683

1,056981182533353

6283,3014,230

13, 5033,1299,869

11,253

14,23314, 453

8,3728,462

138509377486

1,077455

1,0631,3631,3611,382

669488286330

5,8615,9911,117

76835

1,233526

66657711189

4163D5

64,286

19, 19611, 3207,876

60987

143269

2,8414,153

694271

994278797633

13, 2053,4969,7093,1149,750

11, 418

65, 49719, 40211, 408

281614459638

1,322

1,3741,9351,967

1,928448442

7,9941,781

84942

1,399686

1,060981182530349

6263,3504,225

13, 5243,1429,919

11, 309

14, 18014, 370

8,3338,417

141509374481

1,068451

1,0571,3621,3471,376

659488285333

5,8475,9531,098

69830

1,249526

' 67057811189

4103fU

r 64, 628

r 19, 161r 11, 289r 7, 872

'610'87

'142268

'2,896'4,168

'692272

r 1,000282

'801'634

r 13, 31 7'3,504'9,813r 3, 137'9,841

r 11, 498

r 65, 600r 19, 355r 11, 375

283'617'454'637

r 1,306

r 1,3721,932

r 1,954

r 1,930'450

440

'7,980r 1, 787

85941

r 1,380688

r 1,068978181

'528344

'627r 3, 321'4,223

r 13, 547r 3, 159'9,981

r 11, 387

r 14, 128r 14, 297r 8, 292r 8, 369

'143r509'371

487r 1,057

449r 1,048r 1, 364r 1,324' 1,370

r651'492

286'335

r 5, 836'5,928r 1,101

65'832

r 1,238528

675'580Mil'88406OQQ

r 64, 990

r 19, 075'11,224'7,851

'61987

141272

'3,089r 4, 147

694270

960286802635

r 13, 388r 3, 515r 9, 873

3,162r 9, 987

r 11, 523

' 65, 479r 19, 221'11,247

'285'603'449'624

r 1,281

r 1, 359r 1,922r 1,925

r 1,910'449'440

r 7,974r 1, 775

86'936

r 1,389'686

r 1,067r978

182527348

••625' 3, 262' 4, 185

r 13, 5783,175

r 10, 007

r 14, 035r 14, 167

>• 8, 225r 8, 242

r 142'511r366'491

r 1,044447

r 1, 044'1,356r 1,292r 1,354

'629r494

285r 340

r 5, 810' 5, 925'1,099

'63'829

'1,217528

-'675'587'114

89405OflA

65, 376

19,04611,2397,807

621

3,1974,218

13, 4653,5239,9423,177

10,09111,561

65, 43519, 14311,232

286594450619

1,274

1,3531,9221,921

1,927449437

7,9111,768

87928

1,389683

1,069980182480345

6193,1594,235

13,5813,183

10, 03111,484

14,00614, 088

8,2358,222

144519365495

1,036

1,0461,3501,2831,372

495284343

5,7715,8661,110

63824

1,218525

67558311589

366ono

r Revised. T Preliminary.^Beginning in the Sept. 1966 issue of the SURVEY, data for employment, hours, earnings,

and labor turnover reflect adjustment to Mar. 1965 benchmarks; they are not strictly com-parable with previously published figures. Details of the adjustment appear in the BLSbept. 1966 Employment and Earnings report; comparable earlier data appear in BLS Bul-

letin 1312-4, Employment and Earnings Statistics for the United States 1909-66 (Oct. 1966),$4.50, available from the Superintendent of Documents, Government Printing Office,Washington, D.C. 20402.

9 Includes data for industries not shown separately.


S-14 SURVEY


1965 1966

Annual

OF CURRENT BUSINESS June 1967

1966


1967

Jan. Feb. Mar. Apr. May p

EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

Miscellaneous employment data:Federal civilian employees (executive branch) :

United States thousWash., D C , metropolitan area do

Railroad employees (class I railroads):©Total do

Index seasonally adjusted 1957 59—100

INDEXES OF WEEKLY PAYROLLS!

Construction (construction workers) f_ 1957-59 =100. .Manufacturing (production workers)! doMining (production workers)! do

HOURS AND EARNINGS!

Average weekly gross hours per production workeron payrolls of nonagric. estab., unadjusted:!

All manufacturing estab., unadj.! hours..Seasonally adjusted - do

Average overtime. .._ doDurable goods industries _ do. .

Seasonally adjusted doAverage overtime .. do

Ordnance and accessories doLumber and wood products doFurniture and fixtures _ do.Stone, clay, and glass products doPrimary metal industries do

Blastfurnaces steel and rolling mill^ do

Fabricated metal products doMachinery doElectrical equipment and supplies do

Transportation equipment 9 _ do.Motor vehicles and equipment doAircraft and parts do

Instruments and related products doMiscellaneous mfg. industries _ _ _ _.. do

Nondurable goods industries, unadj- _ do_Seasonally adjusted do

Average overtime _ _ _ doFood and kindred products. _ - - do_Tobacco manufactures do_ . .Textile mill products doApparel and related products _ do_Paper and allied products.. _ _ __ __do_Printing, publishing, and allied ind._ do_ _Chemicals and allied products . doPetroleum refining and related ind_ - do_

Petroleum refining doRubber and misc. plastics products doLeather and leather products do

Nonmanufacturing establishments:!Mining 9 do

Metal mining doCoal mining doCrude petroleum and natural gas do

Contract construction doGeneral building contractors doHeavy construction doSpecial trade contractors do

Transportation and public utilities:Local and suburban transportation doMotorfreighttransportationandstorage doTelephone communication doElectric gas and sanitary services do

Wholesale and retail trade _ ___ _ .doWholesale trade doRetail trade _ _ __ _ _ d o _ _

Services and miscellaneous:Tlotels, tourist courts, and motels doLaundries, cleaning and dyeing plants. _ . do

Average weekly gross earnings per productionworker on payrolls of nonagric. estab.:!

All manufacturing establishments ! dollars. _Durable goods industries do

Ordnance and accessories _ - d oLumber and wood products. _ _ _.doFurniture and fixtures .do _ _ _Stone, clay, and glass products doPrimarv metal industries _ .do_.Fabricatcd metal products doMachinery. _ _ _ _ _ _ .do _E lectrical equipment and supplies doTransportation equipment doInstruments and related products doMiscellaneous mfe. industries. do

o 347951

65273 4

144.3136.397.0

41.2

3.642.0

3.9

41.940.841.542 042.141 0

42.143 141.0

42.944 242.041.439.9

40.1

3.241.137.941.836.443.1

38.641.94*> 241.842.038.2

42 341.6

a 39 942 437.436 140 836 8

42 142.540 441 437.740.836.6

37.938.8

107. 53117.18131.5788.5487.98

110. 04133. 88

116.20127. 58105. 78

137. 71108. 4785.39

o 532265

64072 4

156.7150.4101.3

41.3

3.942.1

4.3

42.340.841.442 042 140 7

42.443 841.2

42.642 843 342.040.0

40.2

3.441.238.841.936.443.4

38.842.142.442.142.038.6

42 742.2

« 40 342 637.636 341.037 0

42 342.540.641 537.140.735.9

37.338.2

111.92121. 67135. 3692.6291.08

114. 24138. 09121.69134. 90108. 77141. 86113. 4088.80

o 4Q2°56

63671 8

145.1146.887 4

41.241.53.9

42.242.34.3

42.141.140.942.142.341 2

42.143.841.1

43.043.742.941.939.7

39.940.33.3

40.438.141.436.143.2

38.642.442.642.641.937.8

41.442.532.842.836.935.840.136.4

42.241.740.141.136.940.635.7

37.438.0

111.24121. 54133. 4692.4888.75

114. 09138. 74

119. 99134. 03107. 68141. 47112. 7187.74

2 482258

63971 6

152.6149.0102.5

41.541.54.0

42.342.24.4

42.341.741.442.342.441 2

42.644.141.3

42.442.043.642.340.1

40.340.33.4

40.938.342.236.543.6

38.842.242.742.742.138.6

42.942.241.542.637.035.739.536.8

43.042.040.341.236.940.735.6

37.338.4

112. 05121.82134.5194.6690.67

114.63139. 07121.84135. 83108. 62

139. 07113. 7988. 62

2 560274

65272 °

171.1152.5106.5

41.641.34.0

42.342.04.4

42.241.241.842.542.441 3

42.744.141.3

42.542.343.442.240.1

40.540.33.5

41.238.542.636.743.738.942.242.842.142.039.2

43.442.741.842.738.336.642.537.5

43.043.140.741.237.340.736.2

37.138.6

112.74121.82134. 2093.9491.96

115.60139. 50

121.70135. 83108. 62

140. 25113.9488.62

2 598111

65572 7

180.3148.6105.2

41.041.03 8

41.641.84.1

42.140.940.742.041.641 1

41.943 140.5

41.841 343.141.639.2

40.340.13.5

41.937.641.536.343.5

38.842.043.042.441.339.0

43.142.7

43.139.037 143.438 1

42 642.941 242 138.041.136.9

38 138.6

111.11119. 81133. 8893.6689.13

113. 82136. 86119. 42131. 89106. 11137.94111.9086.24

2 598276

65273 0

180.8151.9106.2

41.441.44.0

42.042.14.3

42.040.942.242.442.140.9

42.443.541.1

42.141.643.441.740.1

40.540.23.5

41.538.142.136.943.6

39.041.942.141.541.939.1

43.042.240.842.638.436.842.237.7

42.443.140.741.537.940.836.9

38.038.2

111.78120. 54134. 8294.0793.26

115. 75138. 09

121. 26133. 55107. 68

139. 35112. 1788.22

2 556269

64373 1

177.0156.7105.4

41.541.54.2

42.342.34.6

42.440.741.842.242.441.2

42.943.941.4

42.642.943.142.240.0

40.340.23.7

41.840.141.935.743.739.142.142.842.042.337.8

43.042.740.742.538.336.742.337.5

42.143.140.941.437.040.735.8

36.838.2

113.71123.94136. 9594.8393.21

116.05140. 77

124. 84136. 53110. 12

144. 84114.7889.20

2,579270

63973.4

173.0156.9105.2

41.441.34.1

42.242.24.5

42.340.741.942.242.040. 5

42.743.741.3

43.043.543.042.140.4

40.340.23.6

41.339.241.636.643.5

39.142.142.441.742.238.1

43.242.142.242.538.536.942.537.7

42.842.940.841.936.840.735.5

37.238.2

113.85124. 07136. 6394.8393.86

116.47139. 02124.26136. 34109. 86

146. 63114.9390. 09

2, 608272

••63674 4

155. 7156.4102.0

41.341.33.9

42.142.1

4.2

42.740.041.441.841.940.2

42.343.741.1

42.843.143.342.040.2

40.240.23.4

41.338.541.436.443.538.942.242.442. 442.038.4

42.242.039.342.536.335.338.736.0

42.542.541.541.736.640.635.2

36.837.8

113.99123.77137. 9292.0092. 74

115.79138. 69

123. 09136.78109.74145. 52114.6690. 45

i 2, 7361273

63674.7

150.3155.8103.1

41.340.93.7

42.141.74.1

42.739.941.541.641.639.5

42.544.041.2

42.542.742.942.140.0

40.139.93.3

41.340.541.136.243.3

39.142.142.142.141.938.8

42.542.441.842.237.236.339.836.9

41.842.839.941.737.140.935.9

36.938. 1

114. 40124. 20138. 7890. 9793.79

115. 23137. 28

124. 53138. 60110. 42144. 93115. 7891.20

2,609272

62369.3

139.5152.1100.9

40.841.03.4

41.541.83.7

42.439.940.141.241.840.6

41.843.540.6

41.641.042.741.539.6

39.640.03.0

40.837.840.636.142.8

38.541.541.441.441.338.7

42.342.640.942.537.136.339.636.8

41.541.539.541.336.540.635.1

36.737.6

113.42122. 43137. 8091.37

90.63113. 71138. 36122.47137. 03109.21141.44114. 1391.87

2,620273

P618P69.5

129.6149.497.6

40.140.33.2

40.740.93.4

41.539.539.740.540.939.7

41.143.039.8

40.339.242.240.838.7

39.239.52.9

40.336.040.135.742.3

38.341.241.842.140.537.5

41.642.539.642.035.835.038.935.3

41.541.839.841.636.340.334.9

36.6

111.48120.47

89.72

120.42135.88

136. 21113.0290.17

2,636275

P617"69.8

135.3' 150. 0'98.3

40.340.43.2

'40. 9'41.0

3.3

41.6'40.1'39.7'40.9

40.940 0

'41.2'43.1'39.9

40.5'38.8'42.8'41.3'39.3

39.439.6'2.940.537.440.235.9

'42.638.641.7

'42.4'42.5

40.8'36.9

'41 8'42 6r 39 4r 42 3

'36.735 8

r 39 g36 2

r 41 741 7' 38 8r 41 3

'36 340.435 0

'36.737.2

112. 44'121.06

' 90. 52

' 120. 72'136.20

136. 49

' 91. 96

p 2, 650P276

P618P 69.9

' 146. 4' 149. 0' 102. 0

40.240.5'3.140.840.9'3.2

'41.340.5

'39.4'41.3

40.539.5

'41.2'42.7'39.6

'40.5'38.9'42.641.1

'39.3

'39.3'39.7

2.9'40.2'38.7

40.235.942.4

'38.4'41.8'42.7'42.6'40.7'36.5

'42 342.339 942 6

'36.935 939 436 5

41 838 139 041 2

'36.2'40.2

34.9

36.537.5

112. 56121. 18

. QK CO

'90.23T I 1 C OO

'121.13' 134. 51r 1 OR 1 1

'137.30

I '91.57

154.6149.6102.4

40.340.33.1

41.040.93.3

41.640.739.441.640.6

41.742.739.6

40.8

43.041.339.3

39.539.52.9

40.638.040.536.042.4

38.341.442.142.140.737.4

42.6

37.2

36.240.135.0

112.84122. 18-iqq KA

97 27

90.23116 901 VI f»7

123. 85134. 93ins ^n

138. 721 1 c oq

1 91.57

r Revised. p Preliminary. ° Average for 11 months.1 Includes Post Office employees hired for the Christmas season; there were about 124,000

such employees in the United States in Dec. 1966.©Effective Jan. 1965, data reflect change in definition of class I railroads (to $5 million or

more annual railway operating revenues). The index (back to 1963) has been adjusted forcomparability, whereas the number of employees has not. . . cv,AWn

! See corresponding note, bottom p. S-13. 9Includes data for industries not shownseparately.




1965 1966

Annual

1966


1967

Jan. Feb. Mar. Apr. May v


HOURS AND EARNINGSf— ContinuedAverage weekly gross earnings per production

worker on payrolls of nonagric. estab.f — Con.All manufacturing establishments f— Continued

Nondurable goods industries _ dollarsFood and kindred products doTobacco manufactures . doTextile mill products doApparel and related products doPaper and allied products doPrinting, publishing, and allied ind doChemicals and allied products . doPetroleum refining and related ind do_Rubber and misc. plastics products doLeather and leather products do

Nonmanufacturing establishments :fMining? do

Metal mining doC oal mining doCrude petroleum and natural gas do

Contract construction doGeneral building contractors. _ doHeavy construction . .. _doSpecial trade contractors - do

Transportation and public utilities:Local and suburban transportation, .doMotor freight transportation and storage, doTelephone communication.- _ _ _ doElectric, gas, and sanitary services do

Wholesale and retail trade _ _ doWholesale trade •__ ._ doRetail trade . do

Finance, insurance, and real estate:Banking _ doInsurance carriers do

Services and miscellaneous:Hotels, tourist courts, and motels doLaundries cleaning and dyeing plants . ..do

Average hourly gross earnings per productionworker on payrolls of nonagric. estab.:f

All manufacturing establishments t dollarsExcluding overtimed1 do

Durable goods industries. . doExcluding overtimed" ..do

Ordnance and accessories ._ . _ doLumber and wood products doFurniture and fixtures . __ doStone, clay, and glass products. doPrimary metal industries do

Blast furnaces, steel and rolling mills.. doFabricated metal products doMachinery _. doElectrical equipment and supplies doTransportation equipment 9 do

Motor vehicles and equipment do__"Aircraft and parts do

Instruments and related products doMiscellaneous mfg. industries do

Nondurable goods industries _ doExcluding overtimed1 do

Food and kindred products __doTobacco manufactures doTextile mill products... doApparel and related products doPaper and allied products doPrinting, publishing, and allied ind . doChemicals and allied products doPetroleum refining and related ind . do

Petroleum refining. doRubber and misc. plastics products doLeather and leather products do

Nonmanufacturing establishments:!Mining 9 do

Metal mining do

Crude petroleum and natural gas doContract construction.. do

General building contractors doHeavy construction doSpecial trade contractors do

Transportation and public utilities:Local and suburban transportation doMotorfreighttransportationandstorage doTelephone communication do_Electric, gas, and sanitary services do

Wholesale and retail trade doWholesale trade "doRetail trade do

Services and miscellaneous:Hotels, tourist courts, and motels doLaundries, cleaning and dyeing plants.. ~ do" ""

'Revised. * Preliminary. « Average for 11 rrtbee corresponding note, bottom p. S-13.

94.6499.8779.2178.1766.61

114. 22118. 12121. 09138. 42109. 6271.82

123. 52127. 30137. 45116. 18

138. 01128. 16137. 90144. 99

108, 20130. 48109. 08131. 24

76.53106. 4966.61

79.2495.86

51.1758.98

2.612.502.792.67

3.142.172.122.623.183.46

2.76. 2.96

2.583.213.343.142.622.142.362.272.432.091.871.832.65

3.062.893.283.472.611.88

2.923.06

"3.452.743.693.553.383.94

2.573.072.703.17

2.032.611.82

1.351.52

onths.

98.49103. 8284.9782.1268.80

119.35122. 61125. 46144. 58111.7274.88

130. 24133. 77145. 86122. 26

145. 51135. 76145. 14152. 44

112. 52135. 15113.27136. 9579.02

111.1168.57

82.2199.32

53.3461.12

2.712.592.892.753.202.272.202.723.283.58

2.873.082.643.333.443.302.702.22

2.452.352.522.191.961.892.753.162.983.413.602.661.94

3.053.17

«3.612.873.873.743.544.12

2.663.182.793.302.132.731.91

1.431.60

96.96102. 2186.4979.9067.51

117. 50120. 82124. 66145. 69110.6273.33

121. 72133. 88111.52122. 41

140. 59131. 74137. 94148. 15

111.83131. 36111.08133. 99

78.23110. 4367.47

82.2198.85

52.3660.04

2.702.582.882.743.172.252.172.713.283.59

2.853.062.623.293.413.252.692.21

2.432.332.532.271.931.872.72

3.132.943.423.622.641.94

2.943.153.402.863.813.683.444.07

2.653.152.773.26

2.122.721.89

1.401.58

98.33103. 8986.9481.4568.26

119. 03122. 22124. 49145. 61111.5774.88

130. 85132. 51152. 31121. 84141.71132. 09137. 07150. 88

113. 52133. 14111. 63135. 1478.60

111.1167.64

82.2198.69

52.9761.44

2.702.582.882.74

3.182.272.192.713.283.59

2.863.082.633.283.373.292.692.21

2.442.342.542.271.931.872.733.152.953.413.612.651.94

3.053.143.672.863.833.703.474.10

2.643.172.773.28

2.132.731.90

1.421.60

99.23104. 2488.5584.3568.63

120. 18122. 54125. 76145. 95111.3076.05

132. 80134. 93153. 41121. 70146. 69135. 05150. 45153. 38

113. 52137. 06113. 15134. 72

79.45110. 7069.14

81.1899.06

52.6862.15

2.712.582.882.74

3.182.282.202.723.293.60

2.853.082.633.303.393.302.702.21

2.452.342.532.301.981.872.75

3.152.983.413.622.651.94

3.063.163.672.853.833.693.544.09

2.643.182.783.27

2.132.721.91

1.421.61

99.14105. 5987.2381.7667.88

120. 50121. 83126. 00147.06110.2774.49

131. 46135. 79145. 70123. 70

150. 15137.27154. 07156. 59

114. 59136. 42114. 12139. 3580.94

112.2070.48

82.4399.80

53.7261.76

2.712.592.882.74

3.182.292.192.713.293.612.853.062.623.303.403.302.692.20

2.462.352.522.321.971.872.773.143.003.423.632.671.91

3.053.18

2.873.853.703.554.11

2.693.182.773.312.132.731.91

1.411.60

d"D9 In

99.23103. 3482.6883.3670.11

120. 77122. 85125. 70142. 72111.0475.85

131. 58134. 62149. 33121. 84149. 38138. 00152. 34155. 70

113.63136. 63112.33136. 54

80.73111.3870.11

82.2199.32

53.5860.74

2.702.572.872.733.212.302.212.733.283.59

2.863.072.623.313.423.322.692.20

2.452.342.492.171.981.902.77

3.153.003.393.582.651.94

3.063.193.662.863.893.753.614.13

2.683.172.763.29

2.132.731.90

1.411.59

erived beludes d{

99.54104. 9283.4183.3867.83

121.92125. 12127. 14146.80114.2174.09

133. 73136. 64151. 00123. 68151.67140. 56156. 09157. 88

112.83138. 78114.11137. 8679.92

111.9369.09

82.1499.70

53.7361.88

2.742.612.932.78

3.232.332.232.753.323.612.913.112.663.403.543.332.722.23

2.472.362.512.081.991.902.79

3.203.023.433.622.701.96

3.113.203.712.913.963.833.694.21

2.683.222.793.332.162.751.93

1.461.62

y assumiita for in

99.94104. 0881.9383.2070.64

121.37125. 51127. 56145. 43113.5274.68

134. 78135. 14156. 98123. 68152. 08141. 70155. 55157. 96

115. 56138. 14114.24141. 20

79.86112. 7468.87

82.81100. 44

55.0662.65

2.752.622.942.79

3.232.332.242.763.313.59

2.913.122.663.413.553.352.732.23

2.482.372.522.092.001.932.793.213.033.433.602.691.96

3.123.213.722.913.953.843.664.19

2 703.222.803.372.172.771.94

1.481.64

ng thatiustries r

100. 10104. 9081.2483.2170.25

121. 37124. 87128. 29146. 70112.9876.03

131. 66135. 24146. 20124. 53143. 39136. 26138. 16151.20

114. 75136. 43117. 03140. 53

79.79112. 8768.64

82.73100. 81

54.8361.99

2.762.632.942.80

3.232.302.242.773.313.58

2.913.132.673.403.523.372.732.25

2.492.392.542.112.011.932.79

3.213.043.463.642.691.98

3.123.223.722.933.953.863.574.20

2.703.212.823.372.182.781.95

1.491.64

overtimelot showi

100. 25106. 1488.2982.2069.87

120. 81125. 51127. 98145. 67112. 7176.82

133.45136. 53155. 91124. 49

148. 06140. 84141. 29155.72

113.28137. 82115.31140. 1180.14

114.5269.65

83.78101.08

55.3562.87

2.772.652.952.82

3.252.282.262.773.303.56

2.933.152.683.413.533.362.752.28

2.502.402.572.182.001.932.793.213.043.463.632.691.98

3.143.223.732.953.983.883.554.22

2.713.222.893.362.162.801.94

1.501.65

hours ai separat

99.40106.0883.1681.6170.40

119. 84123. 59126. 16144. 90111.5177.79

133. 67136. 32153.38127. 08

148. 77140. 48142. 16156. 77

112. 88132. 80112. 97139. 18

80.30114.0969.15

85.04100. 74

55.0562.79

2.782.672.952.83

3.252.292.262.763.313.58

2.933.152.693.403.503.372.752.32

2.512.422.602,202.011.952.803.213.043.503.672.702.01

3.163.203.752.994.013.873.594.26

2.723.202.863.37

2.202.811.97

1.501.67

re paidely.

99.18105. 1882.0880.6071.04

118.44123. 33125. 25147. 97108. 95••76.13

131. 04136. 00145. 73126. 42142. 84135. 10138. 87150. 38

113.71134. 60114.62141. 4480.59

114.0569.10

85.19102. 67

55.6362.02

2.782.682.962.84

3.232.322.262.773.303.56

2.933.162.713.383.463.382.772.33

2.532.442.612.282.011.992.803.223.043.543.712.692.03

3.153.203.683.013.993.863.574.26

2.743.222.883.402.222.831.98

1.6at the ra

100. 08106. 52r 87. 52

80.8071.80

119. 71124.68127. 19' 150. 94110. 16' 75. 65

' 132. 09'137.60'145.39r 127. 32

' 146. 07'138.55'138.50153. 85

'114.26'135.11'111.36' 139. 59' 80. 59114. 7469.30

'84.82'102.12

' 55. 7863.24

2.792.682.962.843.222.32

'2.282.783.313.59

2.933.162.713.373.453.39

'2.772.34

2.542.452.63

'2.342.012.002.813.233.053.563.752.702.05

3.163.233.69

'3.01'3.98'3.87'3.48

4.25

2.74'3.24

2.87'3.38

2.222.841.98

1.521.70

te of tin

'100.22' 106. 53' 91. 33

81.2072.16

119. 57' 123. 65'127.49152. 44

'109.89' 75. 19

'134.51137. 48148. 83129. 50

' 146. 86138. 57139. 08155. 13

114. 53121. 16111.93140. 08' 81. 09'115.37' 69. 80

85.56102. 58

55.8564.13

2.80'2.69

2.97'2.85

3.22'2.36'2.29'2.79'3.29

3.562.943.152.733.393.493.39

'2.772.33

2.552.462.65

'2.362.02

'2.012.823.223.053.57

'3.77'2.70

2.06

3.183.253.733.043.983.863.534.25

2.743.182.873.40

'2.24'2.87'2.00

1.531.71

ie and o

100. 73107. 1889.6881.8172.00

119. 14124. 09127. 10148. 61107. 8677.04

134. 62

148. 80

81.09115.0970.00

2.802.702.982.863.212.392.292.813.29

2.973.162.743.40

3.402.792.332.552.462.642.362.022.002.813.243.073.533.742.652.06

3.16

4.00

2.242.872.00

ne-half.




1965 1966

Annual

1966


1967



HOURS AND EARNINGSt-Continued

Miscellaneous wages:Construction wages, 20 cities (ENR): §

Common labor _$ perhr..Skilled labor _ __ _ _ do

Farm without board or rm., 1st of mo doRailroad wages (average, class I) do

LABOR CONDITIONSHelp-wanted advertising, seas. adj.. .1957-59 =« 100..Labor turnover in manufacturing estab.: t

Accession rate, totaL.mo. rate per 100 employees ._Seasonally adjusted do

N e w hires _ _ _ _ _. _ _ _ d oSeparation rate, total do

Seasonally adjusted doQuit ' doLayoff - __do_ __

Seasonally adjusted doIndustrial disputes (strikes and lockouts) :

Beginning in period:Work stoppages numberWorkers involved - thous

In effect during month:Work stoppages numberWorkers Involved" - ..thous..

Man-days idle during period doEMPLOYMENT SERVICE AND UNEMPLOY-

MENT INSURANCENonfarm placements thous._Unemployment insurance programs:

Insured unemployment, all programs© doState programs:

Initial claims doInsured unemployment, weekly avg. . .do. ...

Percent of covered employment :cfUnadjustedSeasonally adjusted

Beneficiaries weekly average thousBenefits paid mil. $

Federal employees, insured unemployment,weekly average thous

Veterans' program (UCX):Initial claims doInsured unemployment, weekly avg_..doBeneficiaries weekly average doBenefits paid mil. $

Railroad program:Applications thousInsured unemployment, weekly avg__.doBenefits paid _ mil. $

3.4154.9511.14

i 3. 008

155

4.3

3.14.1

1.91.4

3,9631,550

23,300

6,473

1,419

12, 0471,328

3.0

1,1312,166

25

2663634

67.5

13830

60.5

3,6235.2071.23

1 3. 106

190

4.8

3.84.6

2.61.2

4,2001,800

25, 000

6,493

1,123

10, 5751,061

2.3

8951,771

21

1822119

39.5

14520

39.3

3.5335.1081.28

3.083

189

4.64.83.64.34.72.51.01.2

350228

500379

2,450

533

1,112

6931,044

2.32.2931

155.5

21

132221

3.6

623

3.6

3.5675.141

3.083

185

5.15.14.14.34.72.5.9

1.1

480208

640294

2,870

568

916

665862

1.92.1806

126.1

18

121818

2.9

4218

3.8

3.6445.213

3.075

184

6.75.35.64.44.92.51.01.3

430150

660243

1,950

622

841

690793

1.82.1702

114.4

18

141716

2.9

2515

2.9

3.6785.2381.26

3.095

186

5.14.63.95.35.02.52.01.7

420235

660299

2,980

549

1,001

1,019947

2.12.4719

113.8

19

171915

2.4

1816

2.1

3.6935.273

3.060

189

6.45.14.85.84.83.61.11.0

440108

700331

3,420

619

980

826928

2.02.4791

143.1

18

161918

3.2

815

2.5

3.7005.294

3.098

189

6.15.04.76.65.14.51.01.1

380117

620221

1,950

619

802

626755

1.62.2640

106.5

16

121514

2.6

716

2.4

3.7005.3011 18

3.106

193

5.15.14.14.84.52.81.11.0

390193

630260

2,290

592

799

709753

1.62 i589

93.7

16

131412

2.1

616

2.1

3.7105.330

3.130

194

3.94.93.14.34.52.11.31.1

320114

550221

2,170

513

955

915903

1.92.2673

114.8

17

151613

2.4

618

2.6

3.7205.335

3.144

193

2.94.52.14.24.41.71.81.3

15033

360148

1,810

421

1,313

1,2801,254

2.72.4902

157.6

20

172116

3.0

719

2.9

3.7485.3551.33

3.198

189

4.34.63.04.54.62.11.51.4

27598

440190

1,270

440

1,631

1,3461,558

3.32.4

1,276224.8

23

192522

4.0

1125

3.5

3.7525.364

190

3.64.22.74.04.81.91.31.5

325106

465151

1,280

407

1,654

1,0871,582

3.42.5

1,349219.5

24

152523

3.9

6r243.8

3.7575.371

'184

'3.9'4.2

2.8'4.6'5.2

2.11.51.7

430141

575202

1,490

460

1,603

1,0611,532

3.32.6

1,374257.5

22

162422

4.2

523

4.2

3.7575.3741 34

181

*3.8"4,0^2.8"4.3M.7P2.2M.3"1.5

440409

600443

2,170

476

1,423

1,0051,360

2.92.7

1,244200.6

19

142121

3.6

21

3.8325.464

"172

FINANCE

BANKING

Open market paper outstanding, end of period:Bankers' acceptances mil $Commercial and finance co paper total do

Placed through dealers doPlaced directly (finance paper) do

Agricultural loans and discounts outstanding ofagencies supervised by the Farm Credit Adm.:

Total, end of period __mil. $._Farm mortgage loans:

Federal land banks do_ _ _Loans to cooperatives _ doOther loans and discounts do

Bank debits to demand deposit accounts, exceptinterbank and U.S. Government accounts,annual rates, seasonally adjusted: A

Total (233 SMSA's)O bil. $New York SMSA . . . . do

Total 232 SMSA's (except N.Y.) do6 other leading SMSA'sf do226 other SMSA's... do .

Federal Reserve banks, condition, end of period:Assets, total 9 mil. $..

Reserve bank credit outstanding, total 9 .-doDiscounts and advances. _ _do_ _U.S. Government securities do

Gold certificate reserves do

Liabilities, total 9 do

Deposits, total doMember-bank reserve balances do

Federal Reserve notes in circulation do

Ratio of gold certificate reserves to FR noteliabilities __ .percent..

3 3929 0581 9037, 155

8,080

4,2811,0552,745

5 151 82, 138. 53, 013. 31, 140. 91, 872. 4

65, 371

43,340137

40, 76813, 436

65 371

19 62018,44737, 950

35.4

3 60313 2793 089

10, 190

9,452

4,9581,2903,205

5,923 12, 502. 23, 420. 91, 328. 12, 092. 7

70, 332

47, 192173

44, 28212, 674

70 332

20 97219, 79440, 196

31.5

3 46411* 2392 2538,986

8,788

4,5531,1483,087

5,858 02, 501. 53, 356. 51,281.62, 074. 9

65, 452

43, 285452

40, 71313, 190

65, 452

19, 84118, 73637, 536

35.1

3 41811 4372 1139,324

8,946

4,6471,1063,193

5, 909. 22, 513. 53, 395. 71,326.8

2, 068. 9

64, 797

43,940441

41,48013,092

64, 797

19, 67318, 11937, 880

34.6

3 12010, 7692,0908,679

9,145

4,7251,1053,315

5, 908. 32, 494. 13, 414. 21, 327. 02, 087. 2

66, 520

44, 656292

42, 16912, 993

66, 520

20, 08318, 56738, 258

34.0

3 36912, 1832,3619,822

9,351

4,7881,1673,396

5, 868. 32, 394. 13, 474. 21, 343. 62, 130. 6

67, 574

45, 816877

42, 38012, 890

67, 574

21,35419, 15538, 583

33.4

3 38712, 8352,653

10, 182

9,412

4,8531,1903,368

6, 092. 42, 597. 03, 495. 41, 357. 12, 138. 3

66, 342

44, 450386

42, 51812, 788

66, 342

19, 59117,39938, 660

33.1

3 37011,7782,7739,005

9,406

4,9001,1993,308

6, 105. 22, 559. 13, 546. 11, 387. 22, 158. 9

67, 385

45, 475773

42, 90712, 779

67, 385

20, 88719, 53838, 623

33.1

3 35913, 0452,977

10, 068

9,381

4,9261,2193,236

6, 065. 42,551.83, 513. 61, 364. 92, 148. 7

67, 257

45, 501410

42, 97512, 776

67, 257

20, 76719, 33838, 759

33.0

3 45714, 1693,153

11,016

9,357

4,9381,2763,143

6, 078. 52,566.63,511.91, 373. 82, 138. 1

68, 376

46, 281458

43, 91212, 667

68, 376

19, 98719, 09339, 581

32.0

3 60313, 2793,089

10, 190

9,452

4,9581,2903,205

6, 406. 52, 844. 63,561.91, 405. 12, 156. 8

70,332

47, 192173

44, 28212,674

70, 332

20, 97219, 79440, 196

31.5

3 601'14,718

3,449'11,269

9,560

4,9861,3233,251

6, 409. 12, 847. 33,561.81, 362. 22, 199. 6

67, 493

45, 60271

43,46412, 678

67, 493

20, 17118, 77339, 216

32.3

3 57515 1993,781

11,418

9,721

5,0361,3423,343

6, 294. 92, 724. 73, 570. 21, 389. 52, 180. 7

67, 490

45, 799165

43, 97112, 626

67, 490

19, 87918, 91639, 115

32.3

3 70416, 0344,360

'11,556

9,937

5,1111,3633,463

6, 315. 92, 756. 63, 559. 31, 386. 82, 172. 5

67, 385

46, 50742

44, 90812,611

67, 385

20, 56119, 14839, 013

32.3

3,83016, 2494,356

11, 772

10, 103

5,1751,3373,590

6, 553. 52, 854. 03, 689. 51,451.42, 238. 1

69, 015

'47,26754

45, 46012, 604

69, 015

21, 35319, 41039, 070

32.3

10, 280

5,2481,3163,716

68, 862

47, 799415

46, 06612, 608

68, 862

20, 84419, 63439, 499

31.9

'Revised. ? Preliminary. l Includes adjustments not distributed by months.§Wages as of June 1, 1967, common labor. $3.876: skilled labor, $5.533.fSee corresponding note, bottom of p. S-13.®Excludes persons under extended duration provisions.cf Insured unemployment as % of average covered employment in a 12-month period.

ARevised series. "OTotal SMSA's include some cities and counties not designated as SMSA's.Încludes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and

Angeles-Long Beach.9 Includes data not shown separately.

Los


June 1967 SUEVEY OF CURRENT BUSINESS S-17


1965 1966

End of year

1966


1967


FINANCE—Continued

BANKING- Continued

All member banks of Federal Reserve System,averages of daily figures:

Reserves held, total __ . _ mil $Required _.. - . doExcess do

Borrowings from Federal Reserve banks. _ _ doFree reserves do

Large commercial banks reporting to Federal Re-serve System, Wed. nearest end of yr. or mo.:©

Deposits:Demand, adjustedcf mil $Demand, total 9 _ do

Individuals, partnerships, and corp doState and local Governments doU.S. Government. doDomestic commercial banks. _ do

Time, total 9 doIndividuals, partnerships, and corp.:

Savings __ ._ _. _ doOther time . do

Loans (adjusted) , totals doCommercial and industrial doFor purchasing or carrying securities doTo nonbank financial institutions do. _ _Real estate loans. _ _ doOther loans do

Investments, total doU.S. Government securities, total do

Notes and bonds.. _._ doOther securities do

Commercial bank credit (last Wed. of mo., exceptfor June 30 and Dec. 31 call dates) , seas. adj. :t

Total loans and investments© - - - bil. $LoansO- - doU.S. Government securities doOther securities . __ _ do

Money and interest rates: §Bank rates on short-term business loans:

In 19 cities percent per annumNew York City do7 other northern and eastern cities do11 southern and western cities do

Discount rate (N.Y.F.R. Bank), end of year ormonth percent. _

Federal intermediate credit bank loans. _ _ _ d o _ _ ~ ~Federal land bank loans doHome mortgage rates (conventional 1st mort-

gages) :New home purchase (U.S. avg.) percent--Existing home purchase (U.S. avg.) do

Open market rates, New York City:Bankers' acceptances (prime, 90 days) _ _ .doCommercial paper (prime, 4-6 months).. doFinance Co. paper placed directly , 3-6 mo.doStock Exchange call loans, going rate doYield on U.S. Government securities (taxable):

3-month bills (rate on new issue) percent _.3-5 year issues. do

Savings deposits, balance to credit of depositors:N.Y. State savings banks, end of period mil.$_.U.S. postal savings t-_ . do

CONSUMER CREDIT:(Short- and Intermediate-term)

Total outstanding, end of year or month mil. $..Installment credit, total . do

Automobile paper. doOther consumer goods paper. . . doRepair and modernization loans doPersonal loans _ _ doBy type of holder:

Financial institutions , total doCommercial banks doSales finance companies - . doCredit unions doConsumer finance companies do_Other.. do

Retail outlets, total doDepartment stores . doFurniture stores „ _ doAutomobile dealers doOther _ do

Noninstallment credit, total doSingle-payment loans, total do

Commercial banks doOther financial institutions do

1 22, 7191 22, 267

i 452U54i 2

75 901

110 20181, 0705,8544 059

12, 399

85, 298

50 69422 111

125 78953 1136,633

11,18725 57734 917

52 81126, 63821 59126, 173

294 4192 0

57" 744 8

3 5 0634.833 5.093 5.34

4.5034.943 5 43

35.763 5.89

M.225 4. 3854.2754.69

5 3. 9545 4 22

30,312309

87, 884

68 565

28 84317 6933,675

18 354

60 27329 17316, 1387 5125,6061 844

8 2924,4881 235

4472,122

19, 319

7,6826 587L 095

1 23 8301 23 438

i 3921557

i 165

75 120

114 76583, 1086 1373 882

13 838

89 639

47 21329 OO9

134 76160 7796,691

11 22827 49234 799

51 509

24, 80319 81626, 699

2 3iQ 72 208 2

54 32 48 3

3 6 003 5 843 6 063 6 14

4.5035.82

3 c *i 74

3 6. 113 6 24

5 5.3655.5555.4255.78

5 4. 8815 5 16

32,025122

94 786

74 656

30 96139 8343 751

9Q 11Q

65 56532 15516 9368 5496,0141 911

9 091

490

20, 130

7,8446 7141 130

22 52822, 170

358626

—268

74 142

107 92979, 1325 9564 263

11 799

89 904

48 82527 133

128 54755 0636,869

11 10996 23134 794

50 98124, 1899Q 14726, 792

302 99QQ 8

55 946 2

4.505.535 49

5.996 09

5.005.385.255.50

4.6114 86

30, 496277

88, 184

69 543

29 59717 5973,602

18 747

61 53930 12716, 1917 7115,6701 840

8 004

466

18, 641

7, 8366 7171. 119

22 48722, 117

370722

—352

71 914

109 49277, 5906 5385 032

12 686

90 152

48 54028 295

130 80056 4166,979

11 24996 48135 877

50 09623, 00619 53527, 020

304 99Q2 3

55 147 4

4.505.655 52

6.026 16

5.185.395.385.50

4.6424 94

30, 581230

89, 09270 209

29 90817 7323 642

18 997

62 17830 50716 2637 8395,6951 §74

8 031

47°

18, 883

7,9256 784l ' l 4 l

22, 53422, 212

322674

—352

71, 424

109, 03975, 9556,1727 767

11,857

90, 327

48 52628 711

133 12558* 2796,975

11 94626 70135 399

50 35322, 53119 66227, 822

2 307 72 204 0

55 i2 48 6

5 825 655 866 00

4.505.685 60

6.076 18

5.395.515.395.52

4.5395 oi

30, 716192

90, 070

71 194

30 40217 9593 677

19 156

63 09731 01316 4548 0095, 7421 879

8 097

480

18, 876

7,9016 7671. 1 34

23, 09022, 686

404766

-362

70, 784

105, 64876, 0375,9964,313

12, 266

91, 168

47, 50030 649

132 56359 0396,145

11,34726 93934 605

49 88°22, 34019 63927, 542

309 2206 4

54 448 5

4.505.915 93

6.126 24

5.585.635.516.00

4.8555 22

30, 868182

90, 650

71 869

30 680IS 1653 711

19 306

63 74531 39816, 5858 0935,7911 878

8 117

485

18, 788

7,8446 7201 .' 1 24

22, 65522,317

338728

-390

71, 358

104, 64876, 7205,7483,180

12, 058

91, 398

47, 34230, 882

131, 42658, 3066,501

10, 45727, 20735 391

50 96623, 52719 29627, 439

310 8206 656 148 1

4.505.995 96

6.186 35

5.675.855.636.12

4.9325 58

31, 006169

91,483

72 640

30 91818 3903,755

19 577

64 45431 73716,7328 2385, 8461 901

8 186

489

18, 843

7,8496 7181. 131

23, 24022, 842

398766

-368

71, 189

104, 85176, 2485,7064,515

11, 710

90, 523

47, 35130, 327

132, 20259, 4405,826

10, 82527 40334 424

50 71923, 18019 08127, 539

308 7206 1

54 348 3

6 306 136 406 42

4.506.13

c 5 98

6.226 40

5.755.895.676.25

5.3565 62

31,290159

91, 639

72 899

30 79318* 5643 771

19 701

64 61331 77816, 7598 3945, 8581 894

8 916

487

18,810

7,8146 699

1. I99

23, 33323, 031

302733

-431

72, 609

107, 53177, 6406,6243,463

12, 692

88, 879

47, 07629, 220

132, 17659, 7235.708

10, 64527, 51734 042

49 67022, 86318 99126, 807

308 1207 3

52 448 4

4.506.29

c 6 00

6.326 49

5.726.005. 826.25

5.3875 38

31,398147

91,89973 073

30 85°18 7143 770

19 737

64 799

31 87816,7718 3915,8631 889

8 981

489

18, 826

7, 7686 656].' I I 9

23, 25122, 862

389611

-222

73, 134

108, 95679, 4826,3102, 782

13, 077

88, 527

47, 03828, 967

131, 74160, 0425,339

10, 34927, 56134 657

49 91523, 49119 63726, 424

308 4207 3

52 948 3

4.506.33

c 6 00

6.406 50

5.676.005.886.25

5.3445 43

31,590140

92, 498

73 491

30 93718 9453 772

19 837

65 04631 97816,7908 4805,8811 917

8 445

490

19, 007

7,8076 6781.129

23,83023,438

392557

-165

75, 120

114, 76583, 1086, 1373,882

13, 838

89, 639

47, 21329, 002

134, 76160, 7796,691

11, 22827 49234 799

51 50224, 80319 81626, 699

310 7208 2

54 348 3

6 316 166 386 46

4.506.38

c 6 00

6.446 52

5.606.005.886.25

5.0075 07

32, 025133

94, 786

74 656

30 96119 8343 751

20 110

65 56532 15516 9368 5496,0141 911

9 091

490

20, 130

7,8446 7141 .' 1 30

24,07523,702

373389-16

73, 703

111, 76879. 2156,7713, 355

13, 481

92, 985

46, 45932 425

133 26860 385

7,41910 28027 29034 935

53 16325, 75820 24627, 405

314 5211 353 849 5

4.506.38

" 6 00

<6.47*6 54

5.235.735.506.20

4.7594 71

32, 341109

93, 479

74 015

30 68919 6493 703

19 974

65 16232' 03316,' 8148 4435,9691 903

8 853

488

19, 464

7,7796 659i! 120

23, 70923, 351

358362-4

72, 600

109, 63579, 2546,3102,944

13, 236

94, 240

46, 60933 024

132 35960, 7306,7999,942

27 16833 80854 14725, 62921 05828, 518

316 2210 754 950 7

4.506.38

" 6 00

6.446 49

4.885.385.195.75

4.5544 73

32, 564102

92, 517

73 598

30 53019 4263 666

19 976

64 96631 96716 6968 4295, 9651 909

8 639

485

18, 919

7,7546 6341 .' 1 20

23, 40522, 970

435199236

72, 841

106, 59277, 4695,9373,752

12, 462

96, 133

47 09834 039

133 02761 9626,6429 612

27 13133 85l>

56 03826^ 77021 24829, 268

321 5212 157 651 9

4.506.17

c 6 00

'6.416 44

4.685.245.015.75

4.2884 52

33, 07992

92, 519

73 591

30 59719 3693*648

20 047

65 00632' 06816, 5938 4855,9511 909

8 585

486

18,928

7,7696 647

c 1*192

' 23,362' 23,053

309134175

71, 484

110, 45577, 8316,2296,150

12, 927

96, 569

46, 97033 769

134 23762, 6436,9019,723

27, 08734 073

56 03325, 32621, 44630, 707

323 8214 l56 453 3

4.006.03

c 6 00

r6.37r 6. 36

4.294.834.57

r5.50

3.8524 46

33, 17183

93, 089

73 840

30 63519 3763 636

90 193

65 29839 29916, 5908 5615, 9511 897

8 54°

490

19, 249

7,8906 7581.' 139

23, 28022, 913

367101266

72, 786

111,49679, 7836,2492 705

13, 490

97, 828

47, 28534 709

133 10661 8366,3029,634

27 29534 509

56 26625, 39821 54430, 868

326 1214 157 454 7

4.005.786 00

6.286 31

4.274.674.415.50

3.6404 68

79

T Revised. c Corrected1 Average for Dec, 2 Effective with the June 9 change in Federal Reserve regulations,

data exclude loan balances accumulated for payment of personal loans (about $1.1 bil.); begin-ning June 30, about $1 bil. of certificates, formerly in "other loans," are in "other securities."3 Average for year. 4 Beginning Jan. 1967, data are on a new basis; they are not comparablewith earlier figures. & Daily average.

©All data shown reflect changes in coverage and format; comparable data for July-Dec.1965 appear in the Mar. 1967 issue of Federal Reserve Bulletin. Revisions for 1966 reflect ad-justments for mergers (Jan. and Feb. data will be shown later).

cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic

commercial interbank and U.S. Government, less cash items in process of collection; forloans, exclusive of loans to domestic commercial banks and after deduction of valuationreserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).

9Includes data not shown separately. tRevised monthly data for commercial bank creditprior to June 1965 appear on p. 28 of the Nov. 1966 SURVEY; those for consumer credit priorto Mar. 1965 appear in the May 1966 Fed. Reserve Bulletin. OAdjusted to exclude inter-bank loans. §For bond yields, see p. S-20. ^Monthly data are as of the following dates:1966—Apr. 22; May 20; June 30; July 15; Aug. 12; Sept. 9; Oct. 7; Nov. 4; Dec. 2; 19G7-—Jan. 27; Feb. 24; Mar. 24; Apr. 21; May 19.


S-18 SURVEY OF CUREENT BUSINESS June 1967


1965 1966

Annual

1966


1967

Jan. Feb. Mar Apr. May

FINANCE—Continued

CONSUMER CR EDIT §— Continued

Total outstanding, end of year or month— Con.Noninstallment credit— Continued

Charge accounts, total mil $Department stores doOther retail outlets doCredit cards do

Service credit doInstallment credit extended and repaid:

Unadjusted:Extended, total do

Automobile paper doOther consumer goods paper doAll other. ._ do.

Repaid, total doAutomobile paper doOther consumer goods paper doAll other.. _. _ _ do

Seasonally adjusted:Extended, total do

Automobile paper doOther consumer goods paper _ doAll other do

Repaid, total doAutomobile paper doOther consumer goods paper doAll other.. . do

FEDERAL GOVERNMENT FINANCENet cash transactions with the public: <?

Receipts from mil. $Payments to _ doExcess of receipts, or payments (— ) doSeasonally adjusted, quarterly totals: $

Receipts from doPayments to doExcess of receipts, or payments ( — ) do

Receipts and expenditures (national income andproduct accounts basis), qtrly. totals, seas,adj. at annual rates: *

Receipts bil $Expenditures doSurplus or deficit ( — ) do

Budget receipts and expenditures:Receipts, total _ _ mil. $

Receipts, netf . doCustoms... ... . . doIndividual income taxes . doCorporation income taxes . . ... do.Employment taxes . doOther internal revenue and receipts do

Expenditures, total t doInterest on public debt doVeterans' benefits and services _ . doNational defense doAll other expenditures. . do

Public debt and guaranteed obligations:Gross debt (direct), end of yr. or mo., totaL.bil. $..

Interest bearing, total. . doPublic issues ... _ do

Held by U S Qovt investment accts do'Special issues. . . . . . _ do

Noninterest bearing and matured . ... doGuaranteed obligations not owned by U.S. Treas-

ury, end of year or month ... _ . bil. $U.S. savings bonds:

Amount outstanding, end of yr. or mo.._doSales, series E and II. doRedemptions do

LIFE INSURANCE

Institute of Life Insurance:Assets, total, all U.S. life insurance companies %

bil. $__Bonds (book value), total.. . doStocks (book value), total doMortgage loans, total do

Nonfarm doReal estate doPolicy loans and premium notes ... doCash ... doOther assets . do

Payments to policyholders and beneficiaries inU.S., total mil. $..

Death benefits doMatured endowments doDisability payments doAnnuity payments doSurrender values do. IllPolicy dividends do

i 6 746i ggg

i 5 055i 723

1 4 891

75 50827, 91421 45426, 14067, 49524, 26719, 35523, 873

123 376127 920—4 544

124 9123 4

1 6

124 35496 6791 646

56 10227 03517 26822 303

101 37811 6155 151

52 77332 582

i 320. 901 316 52i 270 26

i 15 51i 46 26

1 4 39

i 46

i 50. 464 495 44

i 158. 88i 70 1519.13

i 60. 01i 55 19

i 4 68i 7 68i 1 50i 5 73

11,416.64 831 4

931 1163 0

1, 038. 91, 932. 32. 519. 9

1 7 144

J8741 5 142

78 89628 49123 50226, 90372 80526 37321, 36125 071

145 136150 868—5, 731

142 5142 °

3

146, 863110 802

1,93066,15131, 98624 05922, 736

118 07812 7525,838

64 27135, 872

i 329. 32i 325. 02i 273 03

1 16 69151 99

1 4.30

1 .49

i 50. 924 866 00

i 167. 021 71 9018.76

i 64. 61i 59 37

i 4 88!9 12i i 531 6 23

12, 342. 25 218 2

981.6169 3

1, 152. 62, 120. 62, 699. 9

5 670

7655 135

6 6582 4861 8742,2985 9422 1371 7272 078

6 5052 3021 9582 245

5 9742 1451 7292 100

11 85311 325

528

13, 0729 929

1517 3412,4401 3201 8218 3621 013

2894 9952 078

319. 58315 22270 30

15 4744 92

4 36

47

50. 524351

161. 4871.157.28

61.7156 654.737.96

907.74

984. 2418 182.313 690.9

178.6200.7

5 860

7885 098

6 6942 5261 8982 270

6 0?82 2151 7632 050

6 4722 2981 9332 2415 9792 1591 7842 036

13 91612 8211 095

13, 7468 452

1587 389

7513 6151,8339 0551 025

4854 8952 650

322. 36317. 93269. 12

15 5848 804.43

.47

50.58.4147

162. 0471.187.31

62.1056 984.748.051.017.65

978.7425. 180.914 0

92.5178.2188.0

5 908

8245, 067

7,2362,7462 0132,4776,2512,2521,7862,213

6,6752,4191,9442,312

6,1262,2111,7672,148

20 39112 0538,338

39 64935, 9833 666

141 0137 1

3 8

20, 81717 151

1727,2958,2512 7192 3809 4391 068

3596 3031 757

319.91315. 43264 31

15 5051 12

4.48

.46

50.634049

162. 5171.107.33

62.5557 384.748.161.007.63

1, 081. 1450.088.015 2

95.7189.4242.8

5 888

8615 056

6 6702,4661 9452,2596,0022,1881,7392,075

6,7322,3832,0502,299

6,1682,2381,8032,127

8,10312, 927

-4,824

7,9935,702

1583,725

8781,6741,558

10, 2631,091

4504,9103,851

319.28314. 88264. 1815.5850.704.40

.49

50.70.41.50

163. 4971.597.38

62.9757.78

4.788.291.127.36

916.2406.273.013.795.3

165.0163.0

5 973

9165 021

7 0252,5432 0232,459

6,2472,3051,7982,144

6,6892,4311,9952,263

6,0872,2231,7922,072

11,76415,206

-3,442

10, 5867,197

1795,268

6062,6141,920

11, 0421,064

4445,5604,025

324. 42319. 70266. 4615.9653.244.72

.48

50.74.39.48

163.9471.657.36

63.3458. 134.798.451.187.17

1, 087. 1459. 1

77. 613. 0

100.4182. 6254. 4

5,993

9325,003

6,1892,0701,9352,184

6,0002,1951,7612,044

6,5782,3871,9582,233

6,1032,2131,7842,106

14, 74813, 1501,598

36, 33940, 041-3, 702

145.3145.8

5

14, 83312, 475

1706,4004, 5471,7931,924

11,8831,086

5325,9734,345

324. 75320. 01266. 95

16 0253.074.73

.50

50.70.40.57

164. 4971.627.29

63.6858.464.828.671.107.31

1,022.0419.179.915.0

95.0176. 9236.1

6 107

8984 951

6 4032,3691 9492,0856,1592,3101,7992,050

6,5222,3781,9412,2036,1422,2441,8202,078

7,52312, 604

-5,080

7,9105,811

1703,711

7971,2202,011

10,9771,098

5465,5364,122

326. 89322. 30270. 41

16 0651.89

4.59

.50

50.77.41.47

165. 4371.697.34

64.0158 784.848.871.267.43

993.5421. 180.112.4

94.2174. 1211. 6

6 199

8785,001

6,6112,3462,0442,221

6,1932,2611,8132,119

6,6572,4611,9472,249

6,2132,2551,8362,122

10, 69813, 654

-2,955

9,8197,394

1795,303

5801,8681,888

10, 3861,100

5555,5003,233

329. 41324. 86272. 31

16 2952. 554.55

.49

50.84.37.41

166. 2271.877.36

64.3559 124.849.001.337.47

956.0407.079.213.198.2

166. 9191. 6

7 144

8745,142

7,4422,1782 7202,544

6,2772,1541,8312 992

6,4332,2971,9282,2086,1122,2251,7962,091

12, 84512, 545

299

36, 80237, 820

-1,018

147.9151.5-3.6

12,81510,606

1614,2174,6361,6552,1469, 5121,160

6105,9111,861

329. 32325. 02273. 0316.6951.994.30

.49

50.92.37.45

166. 9471.787.44

64.8059.56

4.889.141.497.43

1, 309. 8494. 282.816.1

95.6193.3427.8

6,472

9085,213

5,6741,9231,8081,943

6,3152,1951,9932,127

6,5012,2402,0312,2306,2212,2021,8822,137

11, 25111,641

-390

11,3249,386

1606,749

8231,6731,9189,9871,173

4676,2012,238

328. 87324. 94273. 69

16.9051.25

3.93

.50

50.93.49.63

168. 2172.347.50

65.1959.96

4.889.251.407.64

1, 048. 2456.093.214.8

116.5177.7190.0

5,824

8955,341

5,4881,9161,6551,917

5,9052,0751,8781,952

6,4972,1772, 099 "2,221

6,2812,2171,9152,149

12, 30811, 852

456

12, 0467,757

1346,212

6353,3521,7139,4591,108

5625,7582, 048

329. 62325. 69274. 2018.0451. 49

3.93

.51

51.01.43.47

168. 9372.597.58

65.5060.26

4.899.341.337.70

968.1416.680.013.4

98.8167.1192.2

5,809

8985,350

6,6412,3501,9852,306

6,6482,3532,0422,253

6,5102,1992,0492,262

6,2462,1931,8992,154

14, 49013, 1671,323

38, 83939, 126

-287

r 149. 0159.5

r— 10 5

16, 52711, 395

1705,0166,7282,3532,261

11, 6991,154

548r 6, 893r 3, 112

330. 95327. 01274. 95

18 5152.063.94

.51

51.09.46.52

169. 8672.817.81

65.8060 524.929.441.267.82

1,236.8542.395.916.5

108.1206. 0268. 0

5,923

9225,436

6,4952,2941,9272,274

6,2462,1861,9202,140

6,6062,2172,0952,294

6,3932,2351,9682,190

17, 07011,1895,881

19,22513, 534

1509,8074,2953,1571,8179,4641,127

4806,3081,562

327. 80323. 88272. 2318.6551.65

3.93

.51

51.16.39.45

170. 5772.987.91

66.0260.724.949.541.188.00

1, 034. 1454.582.713.7

99.3189.6194.3

330. 89326. 99271. 82

55.173.89

.51

51.24.44.48

: : . : . ; : :r Revised. p Preliminary.1 End of year; assets of life insurance companies are annual statement values.§ See note "t" on p. S-17. Bother than borrowing. JRevisions prior to 1965 for cash

transactions with the public (seas, adj.) and for Fob. 1964-Mar. 1966 for assets of all life insur-ance companies will be shown later.

*New series; latest revised data for earlier periods appear in the Aug. 1965 and July 1966issues of the SURVEY. HData for net receipts and total expenditures reflect exclusion ofcertain interfund transactions.




1965 1966

Annual

1966


1967


FINANCE—Continued

LIFE INSURANCE-Continued

Life Insurance Agency Management Association:Insurance written (new paid-for insurance) :J

Value, estimated total . _ mil. $Ordinary doGroup and mass-marketed ordinary doIndustrial do

Premiums collected: JTotal life insurance premiums do

Ordinary doGroup and wholesale doIndustrial . _ _ do

MONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U.S. (end of period)... mil. $__Net release from earmark§ doExports thous $Imports . do

Production, world total mil $South Africa _ doCanada doUnited States do

Silver:Exports thous $Imports - doPrice at New York ... -_dol. per fine ozProduction:

Canada}: thous. fine oz..Mexico doUnited States do

Currency in circulation (end of period) bil. $__

Money supply and related data (avg. of daily fig.) : tUnadjusted for seas, variation:

Total money supply^ bil. $._Currency outside banks. doDemand deposits do

Time deposits adjustedlf doU.S. Government demand deposits do

Adjusted for seas, variation:Total money supply do

Currency outside banks doDemand deposits _ do

Time deposits adjustedlf do

Turnover of demand deposits except interbank andU.S. Govt., annual rates, seas, adjusted: f

Total (233 SMSA's) 9 -.ratio of debits to depositsNew York SMS A do

Total 232 SMSA's (except N Y ) do6 other leading SMSA'scf do.-_226 other SMSA's do

PROFITS AND DIVIDENDS (QTRLY.)

Manufacturing corps. (Fed. Trade and SEC):Net profit after taxes, all industries mil. $..

Food and kindred products doTextile mill products doLumber and wood products (except furniture)

mil. $..Paper and allied products doChemicals and allied products doPetroleum refining doStone clay and glass products doPrimary nonferrous metal doPrimary iron and steel doFabricated metal products (except ordnance,

machinery, and transport equip) mil $Machinery (except electrical) doElec. machinery, equip., and supplies doTransportation equipment (except motor

vehicles etc ) mil $IVTotor vehicles and equipment doAll other manufacturing industries do

Dividends paid (cash) , all industries doElectric utilities, profits after taxes (Federal Re-

serve) mil $Transportation and communications (see pp. S-23

and S-24).

SECURITIES ISSUED

Securities and Exchange Commission:Estimated gross proceeds, total mil. $_ .

By type of security:Bonds and notes, total do

Corporate doCommon stock doPreferred stock do

1 142,16682, 521

i 52,3497,296

15, 17611,3572,4361,383

13, 733-198

1,285,097101, 669

21 440 o1, 069. 4

125.658 6

54, 06164, 7691.293

31,91740, 33344, 423

42.1

162.635.3

127.3137.6

6.3

48.399.635.344.931.3

27, 5211,896

694

338*753

3,1884,442

761970

1,401

1,1512,4991,926

7213,496

4 3, 285

11, 979

2,568

40, 108

37,83613, 7201,547

725

122, 47988, 39927, 2706,810

15, 94611,9472,6441,356

13, 159-50

457, 33342,004

1, 080. 8114.6

114, 32578, 3781.293

32,820

"457647 ~

44.7

169.737.5

132.23 153. 7

5.0

. 52.8109.438.350.133.3

30, 9372,102

702

345911

3,4745,055

7991,2981,487

1,3953,0582,379

8213,0534,058

12, 958

'2,765

45, 015

42, 50115,5611,939

574

10,3407,4752,291

574

1,265957206102

13,632-57133

2,463

90.810.3

7,3587,2771.293

2,5833,7233,555

41.5

171.636.8

134.8152.2

3.1

170.937.2

133.7151.4

52.7111.837.647.933.2

3,668

3,4571,372

18228

10,1077,6001,878

629

1,321999218105

13, 53226

101, 4011,931

91.910.4

15, 5275,6981.293

2,7922,9613,793

42.1

166.937.0

129.9153.9

7.2

170.237.3

132.9153.0

52.6109.537.849.732.8

3,182

3,1141,037

5613

10,1017,6241,908

569

1,30499521396

13, 43320

101, 5341,781

89.39.2

18, 0226,6291.293

2,6944,2725,611

42.6

168.837.3

131.53 154. 1

6.3

171.137.4

133.73 153. 7

52.2107.338.350.433.1

8 3754 525

194

124241948

1 228260351440

383858615

239948

41 021

3,188

632

5,072

4,2611,616

73774

9,3616,7942,041

526

1,300981217102

13, 332-61

34, 3342,426

89.49.3

6,6387,0551.293

2,9282,7461,912

42.7

167.937.8

130.1155.8

8.2

169.637.7

131.9155.3

52.9106.939.151.334.0

3,407

3,297975

4070

9,7787,3071,910

561

1,339997238103

13, 259-50

5,8002,432

90.19.2

14, 2737,9831.293

2,7443,8644,226

42.9

166.937.9

129.1157.0

5.2

169.637.8

131.8156.6

54.0111.939.051.533.9

3,676

3,5391,575

7067

9,7257,0522,117

556

1,26195421096

13, 258162

101, 4362,770

91.79.2

16, 5966,3871.293

2,7733,3704,273

42.8

169.437.9

131.5156.9

4.4

170.537.9

132.6157.1

54.2111.439.452.134.3

7,400580180

99217856

1,247251303353

381772601

199262

1,097

2,985

702

3,249

3,1831,333

616

9,8807,4121,878

590

1,3391,013

220106

13, 25728

33, 9432,265

89.79.1

2,4716,2141.293

2,6623,7673,049

43.1

170.138.1

132.1156.6

4.8

169.638.0

131.7156.8

54.0111.239.652.234.3

2,518

2,38175510631

10,0957,6981,835

562

1,29297122199

13, 159-36

427,922

90.88.7

7,1055,8781.293

3,0193,1053,444

44.2

171.038.5

132.5155.6

3.7

169.238.0

131.2156.8

54.6111.339.652.533.9

6,686

6,5741,004

6150

14,6148,2305,850

534

1,6571,138

280239

13, 159-34

582,054

87.79.6

4,9155,7851.293

2,968

4,513

44.7

175.239.1

136.2156.3

3.5

170.338.3

132.1158.0

56.9121.840.053.234.2

7,933528166

54240823

1,373173350370

318748617

197870

1,107

3,745

673

3,277

3,1511,535

10620

8,6616,6401,481

540

1,3281,026

196106

13,157-15170

1,612

89.58.7

14, 7557,4941.293

2,966

3,956

43.4

174.638.4

136.2160.0

4.2

169.638.5

131.1160.5

57.2124.739.450.934.8

5,091

5,0001,593

4051

9,7077,0192,140

548

1,27295322693

13, 107-23

563,348

87.88.9

9,0186,3991.293

2,504

3,927

43.6

170.038.3

131.7163.3

5.1

170.438.7

131.7163.2

55.6119.439.452.634.2

7,523

7,3671,262

13917

12, 3108,6063,084

620

1,4461,104

24299

13, 10712

2851,494

89.59.1

10, 6936,1361.293

3,598

43.6

171.338.5

132.8166.1

4.9

172.838.9

133.9165.3

54.8117.239.151.233.9

6,748451105

4 514 191

7861,341

67325296

321674527

162620831

3,185

799

5,253

5,1102,219

11924

10, 8207,8362,407

577

1,3211,004

21998

13,109-3162

2,326

89.1

11, 0728,4511.293

43.7

173.138.6

134.5'168.1

4.8

172.139.0

' 133. 1167.3

57.7123.040.854.235.1

4,207

3,9741,761

91143

13,109

1.296

170.638.9

131.7170.2

6.6

174.139.2

134.9169.3

r Revised. 1 Includes $27.8 bil. coverage on U.S. Armed Forces. 2 Estimated; excludesU.S.S.R., other Eastern European countries, China Mainland, and North Korea. 3 Be-ginning June 1966, data exclude balances accumulated for payment of personal loans(amounting to $1,140 million for week ending June 15). 4 Beginning with the periodnoted, data reflect reclassification of companies between industries and are not strictlycomparable with those for earlier periods.

{Revisions for 1964-Jan. 1966 for insurance written, for Jan.-Aug. 1964 and Jan.-July 1965

for premiums collected, and for 1964 for silver production (Canada), will be shown later; thosefor money supply and related data for 1959-July 1965 appear in the Sept. 1966 issue of FederalReserve Bulletin. §Or increase in earmarked gold (-). IfTime deposits at all com-mercial banks other than those due to domestic commercial banks and the U,S. Govt.t Revised series. 9 Total SMSA's include some cities and counties not designated asSMSA's. <?Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,and Los Angeles-Long Beach.


S-20 SUEVEY OF CURRENT BUSINESS June 1967


1965 1966

Annual

1966


1967


FINANCE—Continued

SECURITIES ISSUED— Continued

Securities and Exchange Commission— ContinuedEstimated gross proceeds— Continued

By type of issuer:Corporate total 9 mil. $

Manufacturing - doExtractive (mining) . _.do_ .Public utility doRailroad - - doCommunication doFinancial and real estate.- - do

Noncorporate, total 9 -- - - --do _ _TJ S Government doState and municipal do

New corporate security issues:Estimated net proceeds total do

Proposed uses of proceeds:New money , total _ _ _ d o

Plant and eouipment do\Vorkincr capital do

Retirement of securities doOther purposes do

State and municipal issues (Bond Buyer) :Long-term ._ doShort-term do

SECURITY MARKETS

Brokers' Balances(N.Y.S.E. Members Carrying Margin Accounts)

Cash on hand and in banks mil. $Customers' debit balances (net) doCustomers' free credit balances (net) _ _ _ d oMoney borrowed do

Bonds

Prices:Standard & Poor's Corporation:

Industrial, utility, and railroad (AAA issues):Composited1 dol. per $100 bond .

Domestic municipal (15 bonds) do

U S Treasury bonds, taxable! -- .-do

Sales:Total, excl. U.S. Government bonds (SEC):

All registered exchanges:Miarket value mil $Face value do

New York Stock Exchange:

Face value do-

New York Stock Exchange, exclusive of somestopped sales, face value, total. mil. $__

Yields:Domestic corporate (Moody 's) percent. _

By rating:Aaa doAa --. - do__ _A doBaa do

By group:Industrials doPublic utilities - doRailroads - do _ _

Domestic municipal:Bond Buyer (20 bonds) _. -doStandard & Poor's Corp. (15 bonds) do

U S Treasury bonds, taxable© .- - - --do

Stocks

Dividend rates, prices, and yields, common stocks(Moody's):

Dividends per share, annual rate, compositedollars. _

Industrials _ _ --doPublic utilities doRailroads --doN.Y. banks doFire insurance companies do

Price per share , end of mo. , composite doIndustrials doPublic utilities - - doRailroads do

Yields, composite percent. _Industrials _.doPublic utilities _ _ _ doRailroads do _N.Y. banks - _-do. _Fire insurance companies do

15 9925,417

3422 936

284947

4,276

24, 1169 348

11.148

15 801

13, 0637 7125 352

9961 741

11. 0846,537

1 534i 5 543i 1, 666i 3 706

93.9110.6

83.76

3 794 223 288 68

3 643 113 150.16

2, 975. 21

4.64

4.494.574.634.87

4.614.604.72

3.283.27

4.21

7.658.483.864.094.906.33

250. 31284. 32117. 0895.06

3.062.983.304.303.332.74

18 0747,070

3753 665

3392,0031,941

26, 9418 231

11, 089

17 841

15, 80612 4303 376

2411,795

11,0896,524

16091 5 387* 1, 637i 3, 712

86.1102.6

78.63

4,261.123,740.48

4 100.863,589.62

3, 092. 79

5.34

5.135.235.355.67

5.305.365.37

3.833.82

4.66

8.259.174.114.455.066.85

230. 88266. 77102. 9092.65

3.573.443.994.804.042.92

1,58270315

3713577

122

2,086426

1,181

1 559

1,3991 137

2627

154

1,1811,061

6045 8621,7443 858

87.6105.9

79.75

423 27334 44

402 67318. 91

253. 71

5.16

4.965.105.185.41

5.095.215.19

3.623. 59

4.55

8.239.184.084.354.946.65

246. 67288. 13106. 33102. 66

3.343.193.844.244.032.82

1,106392

502774744

157

2,076412877

1 095

1,0007462543858

877865

6255,7971,8393,741

87.6104.5

79.56

394. 28344. 51

380. 69333. 50

285. 53

5.18

4.985.105.175.48

5.125.235.20

3.783.68

4.57

8.249.184.094.354.946.65

236. 01274. 18102. 4593.56

3.493.353.994.653.952.97

2,4271,168

5333016

279283

2,645397

1,118

2 391

2,2451 786

45927

119

1,118384

6015,7981,6583,809

87.0103.2

78. 93

312. 44258. 46

301. 98248. 57

208. 88

5.28

5.075.165.295.58

5.255.325.26

3.833.77

4.63

8.269.184.104.395.146.65

230. 25267.2299.9592.58

3.593.444.104.74

• 4.183.05

1 085404

43288

2152

166

2,322411678

1 071

93266726532

106

678174

6225,7001, 5953,786

86.0100.9

77.62

254 63222. 05

247 12215. 03

169. 94

5.36

5.165.255.365.68

5.335.395.37

3.963.94

4.74

8.289.194.124.445.146.65

227. 17262. 90101. 0389.63

3.643.504.084.954.302.98

1,712540

28318

27321114

1,964387764

1, 688

1,6171,353

2641853

764620

6585,6451,5953,785

84.197.7

77.02

306. 60291.76

295. 65279. 97

273. 90

5.50

5.315.385.485.83

5.495.545.48

4.244.17

4.80

8.309.224.144.535.146.90

211. 05244. 3992.5181.22

3.933.774.485.584.853.22

1 400650

558229

200309

1,849402992

1,384

1,114887227

9

268

992362

6365,4001,5283,537

82.698.6

77.15

322. 01315. 08

312. 43304. 96

232. 94

5.71

5.495.585.696.09

5.715.785.65

4.034.11

4.79

8.309.224.144.535.146.97

207. 74239. 0194.5780. 17

4.003.864.385.654.673.15

892385

6258129873

1,626408736

876

7836301534646

736266

6615,2161,5203,349

83.4100.5

78.07

341 50348 44

332. 34338. 21

286. 55

5.67

5.415.505.676.10

5.635.725.67

3.743.97

4.70

8.339.254.144.555.146.97

220. 60250. 49104. 9283.37

3.783.693.955.463.962.70

1 115233

25335

10170108

5,5703 738

950

1 098

1,0338391941252

950989

6075,2751,5323,262

83.5101.0

77.68

312. 46313. 01

293. 69293. 70

260. 68

5.65

5.355.465.656.13

5.595.645.72

4.023.93

4.74

8.229.074.154.615.147.42

218.34248. 93103. 4783.25

3.763.644.015.543.902.92

1 66168217

41415

15442

1,616373923

1 643

1,3631 128

2358

273

923458

6095,3871,6373,712

83.0102.4

78.73

366 38356. 22

348. 01335. 45

285. 40

5.69

5.395.485.696.18

5.635.655.78

3.773.83

4.65

8.239.084.184.615.147.53

217. 56246. 38105. 9982.91

3.783.693.945.563.802.92

1 684649

2722251

296267

3 407494

1 450

1 669

1,5221 135

38821

125

1,450454

6735 3751,9143,187

85.9106.0

81.54

446. 77417. 53

428. 29400. 29

328. 21

5.50.

5.205.305.535.97

5.455.425.63

3.403.58

4.40

8.299.154.184.635.227.53

233. 54266. 77108. 1293.13

3.553.433.874.973.792.93

1 41857015

27920

106248

6 1054 1541 159

1 400

1,375918457

124

1,159756

6855 4451,936

86.4106.4

80.73

409. 22350. 65

385. 34330. 33

258. 78

5.35

5.035.185.385.82

5.335.255.48

3.603.56

4.47

8.309.164.204.635.287.81

233. 23267. 35105. 1892.56

3.563.433.995.003.943.17

2 3621 283

3551042

14792

2,891459

1,437

2 334

2,1781 755

42317

139

1,437634

7135,8032,135

85.6105. 8

80.96

478. 39394. 94

451. 87374. 71

281. 42

5.43

5.135.235.495.85

5.395.375.51

3.543.60

4.45

8.329.174.274.635.287.81

242. 02278. 90106. 8193.52

3.443.294.004.953.843.28

1 9941,148

3440212

108138

2,213393

1,129

1 964

1,8701 314

5561282

' 1, 1291,197

7015,8962,082

85.4104.9

80.24

381. 00333. 15

349. 76309.72

279. 94

5.42

5.115.265.465.83

5.375.375.51

3.693.66

4.51

8.339.184.274.635.287.81

251.52293. 28108.9093.60

3.313.133.924.953.833.31

1,171947

83.4101.1

77.48

329. 41

5.56

5.245.425.605.96

5.465.595.62

3.963.92

4.76

8.198.954.324.635.287.81

238. 37277. 83102. 5894.89

3.443.224.214.883.963.51

r Revised. 1 End of year. 9 Includes data not shown separately.cfNumber of bonds represented fluctuates; the change in the number does not affect the

continuity of the series.

1 Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.OFor bonds due or callable in 10 years or more.


June 1967 SUKVEY OF CUREENT BUSINESS S-21


1965 1966

Annual

1966


1967


FINANCE—Continued

SECURITY MARKETS— Continued

Stocks— Continued

Earnings, common stocks (Moody's):Earnings per share (indust., qtrly. at arm. rate;

pub. util. and RR., for 12 mo. ending each qtr.) :Industrials J dollarsPublic utilities doRailroads _ do

Dividend yields, preferred stocks, 10 high-grade(Standard & Poor's Corp.) percent-

Prices:Dow-Jones averages (65 stocks)

Industrial (30 stocks)Public utility (15 stocks)Railroad (20 stocks).

Standard & Poor's Corporation :cfIndustrial, public utility , and railroad:

Combined index (500 stocks) 1941-43=10..

Industrial, total (425 stocks) 9 . ... doCapital goods (122 stocks) doConsumers' goods (181 stocks) do. _ .

Public utility (55 stocks) doRailroad (20 stocks) do

Banks:New York City (10 stocks) doOutside New York City (16 stocks) . do

Fire and casualty insurance (20 stocks). ..do

New York Stock Exchange common stock indexes:*Composite 12/31/65=50..

Industrial doTransportation doUtility doFinance ._ do

Sales (Securities and Exchange Commission) :Total on all registered exchanges:

Market value mil $Shares sold millions

On New York Stock Exchange:Market value rail $Shares sold (cleared or settled) millions

Exclusive of odd-lot and stopped stock sales(N.Y.S.E.; sales effected) millions..

Shares listed, N.Y. Stock Exch., end of period:Market value, all listed shares ... bil. $Number of shares listed millions

16.425 928 16

4.33

318 50910 88157 88216 41

88.17

93.4885.2681.9476.0846.78

38.9271.3564.17

47.39

89, 2252 587

73 2001 809

1,556

537. 4810, 058

16.786 308 67

4.97

308 70873 60136 56227 35

85.26

91.0884 8674.1068.2146 34

33.3263.8064.55

46.1546.1850 2645 4144 45

123, 0343 188

98 5652 205

1,899

482. 5410, 939

4.78

337 27943 70140 26260 64

91.60

98.1793 5479.2870.0652 33

33.6764.1765. 27

49.6050.0157 0846 7846 70

12,895356

9 893221

186

536. 3610, 276

4.83

314 62890 70137 32233 07

86.78

92.8588 7875 1268.4947 00

32.3261 2263.33

46.8747.0351 9845 4544 68

12,257302

9 800209

171

507.7710 507

17 836 088 98

4.93

311 51888 73134 07229 24

86.06

92.1487 3473 7567.5146 35

32.3961 3261.64

46.6146 8553 5544 5444 31

9 661228

7 772162

141

502. 4110 612

5.00

308 07875 87133 72227 18

85.84

91. 9586 3873 8767.3045 50

32.5062 3862.63

46.4746 6653 0444 7943 53

8,301200

6 655141

120

497. 1110 733

5.18

286 45817 55126 68207 91

80. 65

86.4079 8169 9163.4142 12

30.0959 3361.28

43.7243 8948 6642 3341 46

9 663236

7 805168

162

458.6610 787

14 126 199 13

5.23

276 79791 65126 20197 05

77.81

83.1174 7467 8963.1140 31

28.8757 4459.52

41.9941 9944 5141 7439 50

8 750215

7 272161

120

454. 8910 818

5.28

273 35778. 10129 70192 07

77.13

82.0172.6766.6765.4139.44

32.3061.0463.68

41.5041.0342 2443 3340 23

8,658223

7 209166

146

475. 2510 842

5.21

285 23806 55136 43201 94

80.99

86.1077.8968.2568.8241 57

34.3465.0568.62

43.7343.2845 8245 1643 16

8,102219

6 638162

146

480. 8810 886

18 086 308 67

5.24

285 52800 86135 68205 78

81.33

86.5079 8367 7668.8641 44

35.9367 0370.50

44.1643 7948 2344 7744 43

9 538266

7 662189

166

482.5410 939

5.07

298 28830 56138 64220 11

84.45

89.8882 7069.9770.6344 48

37.0869 9070.03

46.0245.6151 3846 4347 53

11,653320

9 320224

208

522. 7510 989

4.98

305. 65851. 12138 03228 69

87.36

93.3586.7273.7870.4546.13

35.6267.0968.99

47.8047 7259 5647 0348 71

11 181316

8 792216

183

527.0411 046

14.906.378.20

5.04

307. 70858. 11135. 96231. 98

89.42

95.8690.0875.1070.0346.78

35.3266.0065.86

49.0249.0255 1947 8848*17

14,515418

11 465268

225

549. 4911, 073

5.03

309. 45868. 66139. 29228. 77

90.96

97.5492.3777.5371.7045.80

36.0166.5664.86

49.9250.1954 6048 0748 37

11,777323

9 232*206

188

572. 6411 114

5.17

315. 57883. 74137 15238. 27

92.59

99.5995.1079.1370.7047 00

35.4365.8162.60

51.0051 7855 7647 2048 17

219

546. 6511 199

FOREIGN TRADE OF THE UNITED STATES

FOREIGN TRADE

Value

Exports (mdse.) , incl. reexports, totalO - - mil. $Excl. Dept. of Defense shipments do .

Seasonally adjusted do

By geographic regions:AAfrica doAsia _ doAustralia and Oceania ... doEurope do

Northern North America doSouthern North America doSouth America ... do

By leading countries: AAfrica:

United Arab Republic (Egypt) doRepublic of South Africa do

Asia; Australia and Oceania:Australia, including New Guinea . doIndia doPakistan _ . doMalaysia do

Indonesia doPhilippines . doJapan do

Europe:France . doEast Germany .... doWest Germany ._. . „ do

Italy doUnion of Soviet Socialist Republics doUnited Kingdom do

27,478 226,699.5

1,228 96 012 1

956 29 363 9

5, 643. 22, 099. 12 174 9

157.7438.1

799.4928 0335 991. 1

41 6348 5

2 080 2

970 712 4

1,649 6

891 145.2

1,615.1

30, 336. 029, 395. 5

1, 348. 66 727 4

814 110,011.4

6, 644. 82, 268. 12 504 3

189.1401.0

662.9929.3238.71 45.7

59.9348.0

2 365 1

1 007 124 9

1, 674. 0

913.741.7

1, 736. 7

2,599.02,463.2

2358 9

114 5618 761 8

864 6

566. 1177.0197 8

18.633.3

52.897 911 74 1

3 130 0

197 2

83 74 2

151 8

82 54.8

145.2

2,615.62,504.6

2 410 8

115 4543 762 7

865 8

625.4186.6217 1

22.630.8

48.563 016 83 8

2 426 9

176 3

86 63 4

147 8

79 16.2

139.3

2 568 72467 0

2 489 5

121 1578 865 4

813 2

607 2187.8196 4

24.331.3

54 771 517 44 0

3 030 5

190 7

80 76

134 2

76 25.2

131.2

2,426 72,326.8

2 456 0

106 7577 3

74 1746 9

507 7188.72*>7 2

13.237.2

60 868 331 83 7

8 727 6

175 9

79 76

124 6

67 12.8

132.2

2348 42,277.7

2 455 0

109 1550 473 8

727 8

502 7174.5210 3

16.531.1

63 383 414 93 8

4 129 1

9Q4 7

67 81 8

131 6

70 6.5

119.0

2 499 02,431 0

2 541 6

109 1541 365 8

808 4

581.6193.6199 3

12.732.5

54 774 320 43 9

6 627 8

205 1

87 13 3

138 9

79 11.0

156.5

2 695 32 626 1

2 582 7

126 1614 9

72 7826 2

621 3213.9220 2

15 341.2

57 271 927 i4 1

5 532 8

218 2

84 31 5

138 2

74 01.3

141.1

2 627 12 572 0

2 486 2

119 6570 872 6

863 6

597 6198.6204 1

13.033.4

63 753 025 33 4

7 928 1

231 5

80 91 i

141 8

77 96.6

143.1

2 715 32 644 4

2 414 7

122 2637 8

75 8842 4

583 7225 2247 g

12 334.9

50 378 327 13 9

10 838 7

235 4

87 31 6

124 2

76 62.2

165.2

2 549 62 471. 3

2 620 2

119 3611 5

75 4812 6

539. 1191.9199 8

7.250.5

66 2100 432 83 5

6 733 8

207 1

86 42 0

130 6

76 74.4

145.4

2 489 62 419. 4

2 601 2

87 5601 678 4

820 0

537.7177.6186 9

7.834.4

70 184 430 75 0

4 431 0

218 2

87 61 6

128 5

78 88.7

146.9

2 837 52, 799. 0

2 570 5

113 9652 782 8

936 5

638.6205.1207 9

7.543.2

68 082 844 74 2

10 335 9

098 1

108 64 7

179 0

88 77.1

165.1

2 717 62 667 2

2 660 0

r Revised. * Preliminary. i Beginning Jan. 1966, excludes data for Singapore.{Revisions prior to Sept. 1965 will be shown later. d"Number of stocks represents

number currently used; the change in number does not affect continuity of the series.9 Includes data not shown separately. *New series; index is based on the closing prices

of the more than 1,250 common stocks listed on the Exchange. QBeginning Jan. 1965, data

reflect adoption of revised export schedule; in some instances, because of regrouping of com-modities and release of some "special category" items from the restricted list, data for com-modities and countries are not comparable with those for earlier periods. ABeginningwith the Jan. 1967 SURVEY, data for regions and countries (except India and Pakistan) arerestated to include "special category" shipments, formerly excluded.




1965 1966

Annual

1966

Apr. May June July Aug. Sept. Oct. Nov. Dec

1967


FOREIGN TRADE OF THE UNITED STATES—ContinuedFOREIGN TRADE— Continued

Value — ContinuedExports (mdse.), inch reexports— Continued

By leading countries— ContinuedNorth and South America:

Canada mil $

Latin American Republics total 9 do

Argentina doBrazil doChile do

Colombia doCuba doMexico _ do__.Venezuela ..do

Exports of U S merchandise total OJ doExcluding military grant-aid do

Agricultural products total do

By commodity groups and principal commodi-ties:*

Food and live animals? doMeats and preparations (incl. poultry). .do

Beverages and tobacco do

Crude materials, inedible, exc. fuels 9 doCotton, raw, excl. linters and waste do

Metal ores, concentrates, and scrap do

Mineral fuels, lubricants, etc. 9 do..-Coal and related products doPetroleum and products do..-

Chemicals do

Manufactured goods 9 doTextiles doIron and steel... _. _ _. do _-Nonferrous base metals do

Machinery and transport equipment, totalmil. $._

Machinery, tota!9 doAgricultural ___ doMetalworking doConstruction, excav. and mining doElectrical do

Transport equipment, total doMotor vehicles and parts ... do

General imports, total J __doSeasonally adjusted! do

By geographic regions:Africa doAsia__ - ..do. _Australia and Oceania doEurope do

Northern North America. ... do

South America doBy leading countries:

Africa:

Asia; Australia and Oceania:Australia, including New Guinea. doIndia. _ do__Pakistan do...Malaysia do...Indonesia do...Philippines do...Japan do...

Europe:France... do...

West Germany _ __ . __ do_Italy . _ _.doUnion of Soviet Socialist Republics d o _ _ _

North and South America:Canada do

Argentina do...Brazil doChile do...

Colombia doCuba do...

Venezuela do...

5,642. 8

3,871.7

267.5347.9237.4

198.50)

1,105.9625.6

7, 135. 36, 356. 56, 228. 60, 906. 7

4, 003. 1161.8

2, 636. 6

517.0

2, 855. 5486.2650.1434.2

946.5494.3417.6

471.6

2, 401. 7

3, 256. 9527.8629.0539.3

0, 147. 1

6, 702. 1634.1331.7932.9

1, 659. 7

3, 445. 01, 975. 5

21,365.6

877.64, 528. 1

453.16, 292. 2

4, 837. 11, 741. 72, 623. 8

16.1225.9

313.7348.144.8

211.9165.2369.1

2,413.9

615.36.5

1,341.4619.742.6

1,405.2

4,831.9

3, 674. 8

122.1512.4209.4

276.70)638.4

1,018.0

6, 661. 0

4, 234. 9

244.3579.4255.2

287.00

1, 180. 2598.0

9, 899. 18, 958. 66, 884. 53, 014. 6

4, 566. 7158.9

3, 189. 3

623.7

3, 072. 2432.2759.9421.8

977.5493.3435.6

356.0

2, 675. 9

3, 434. 2554.2557.5582.4

11, 164. 3

7, 445. 9628.5337.9970.6

1, 898. 8

3, 714. 62, 386. 5

25, 550. 3

978.05, 278. 7

593.57, 863. 9

6, 131. 21,912.22, 785. 2

17.6"250.5

398.7237.067.8

2 176. 7179.0397.6

2, 964. 5

698.08.2

1, 796. 8743.049.4

1, 785. 6

6, 124. 7

3, 969. 9

148.8599.7229.1

244.80

750.21, 002. 4

566.0

333.0

15.946.119.6

23.30

88.349.6

, 556. 5, 420. 7552.3

, 004. 2

403.010.5

296.4

33.6

237.322.560.531.5

78.539.134.8

23.1

218.3

296.146.946.954.6

959.7

638.759.227.487.2

159.1

321.1186.4

2, 071. 22,108.9

88.5434.648.6

637.7

472.8170.0218.8

3.617.4

27.329.05.7

17.118.834.6

245.4

53.3.5

131.856.13.7

138.0

472.8

326.3

14.444.916.2

20.70

70.182.2

625.4

361.4

18.951.624.7

28.10

98.349.8

, 566. 7, 455. 7549.6

, 017. 1

375.110.6

264.5

29.9

256.526.366.339.5

78.441.632.8

37.0

233.0

300.447.146.453.2

961.8

660.661.130.982.6

165.4

301.2193.3

2,074.42,062.6

102.5416.241.4

644.4

511.4156.1219.6

.837.2

27.027.65.9

15.416.021.8

234.8

61.3.8

141.758.44.5

149.7

510.8

318.3

13.743.118.0

26.80

64.869.0

607.2

341.7

16.234.923.4

25.60

96.852.1

, 530. 0, 428. 3551.1

,978.9

377.712.4

266.9

33.9

255.322.167.737.9

91.849.738.2

32.3

232.2

290.747.647.947.3

935.3

630.256.828.579.6

161.3

305.2184.8

2,188.62,135.0

75.7449.869.0

656.8

554.6155.5230.7

2.021.9

50.226.95.1

13.018.235.2

245.9

58.5.6

151.364.94.5

144.1

554.3

326.1

14.548.117.9

20.10

58.784.6

507.7

372.5

19.454.021.8

28.50

101.656.5

2, 395. 6, 295. 7491.0

, 904. 6

346.511.3

248.9

49.4

216.718.340.740.6

81.939.239.2

29.1

242.5

282.343.043.558.3

882.5

623.454.925.985.5

154.6

259.1162.3

2, 072. 02,204.6

79.4448.850.8

629.3

477.1149.6236.1

1.423.1

30.323.06.0

12.911.740.6

256.5

58.4.7

149.461.25.0

138.6

476.4

327.9

11.342.320.0

15.00

54.690.9

502.7

342.8

19.355.822.5

24.60

89.446.1

2, 314. 7, 244. 0571.0

, 743. 7

386.313.8

277.7

62.1

230.439.836.736.9

89.849.335.9

33.8

227.7

273.042.440.352.0

795.7

551.944.226.574.6

140.8

243.8149.8

2, 180. 22,112.6

75.0518.757.1

644.8

516.2156.0212.4

.615.5

35.427.34.5

18.216.139.2

303.9

60.0.4

144.071.86.1

148.4

515.0

301.0

12.425.517.4

22.80

56.587.1

579.9

346.0

16.547.415.7

22.50

101.553.5

, 456. 8,388.8 |569.0

, 887. 8

398.214.2

273.9

71.2

225.540.418.740.7

96.649.642.0

26.7

218.5

277.444.341.744.6

885.5

601.244.527.872.4

163.2

284.3200.4

?, 294. 2f) on-! o

90.0507.764.3

684.7

538.4135.9271.2

1.134.4

44.430.56.1

16.415.145.2

281.5

56.61.2

169.460.43.1

166.0

537.4

351.3

12.087.824.9

20.60

48.970.8

621.2

383.3

21.751.917.8

23.60

113.652.4

2, 655. 62,586.4

621.7, 033. 9

393.518.6

260.5

73.9

286.134.992.042.2

92.048.641.0

21.6

218.0

294.648.548.545.2

1, 039. 8

655.549.131.085.6

173.2

384.3249.5

2, 278. 42,262.4

72.9438. ,954.0

728.7

560.9167.3254.9

.315.0

43.029.66.3

13.413.622.2

255.8

65.01.0

163.371.14.4

174.6

560.1

354.8

11.579.319.6

13.40

59.478.4

597.6

350.0

26.742.119.2

22.20

98.446.6

2, 593. 52,538.4

697.7, 895. 8

394.417.0

269.0

74.7

337.959.7

124.735.1

82.542.137.2

27.7

218.1

276.147.347.835.1

937.7

619.644.926.887.3

164.8

318.1241.5

2, 257. 72,191.5

69.8471.943.2

757.7

536.4154.4224.1

1.219.4

28.925.55.4

19.113.133.3

272.9

66.6.8

175.973.64.0

178..7

536.3

324.9

13.146.721.3

15.60

66.881.2

583.7

400.0

37.663.624.8

23.30

103.449.9

2, 689. 02, 618. 1

632.02,057.1

352.111.6

241.2

78.5

312.272.485.531.2

75.934.238.5

32.6

235.9

294.850.654.840.0

1, 050. 0

669.046.234.382.1

169.9

381.0247.5

2,240.12,231.2

79.8405.242.1

702.1

627.6168.7214.4

.922.9

29.927.44.7

13.814.923.3

227.6

56.5.4

163.566.24.1

165.5

627.4

317.8

12.342.414.8

19.00

69.380.1

539.0

347.6

19.042.821.7

19.20

102.849.0

, 516. 7, 438. 4531.6

, 985. 1

334.411.0

228.0

39.6

276.756.667.229.8

68.929.331.2

21.4

227.1

289.948.057.147.1

1, 005. 9

653.753.928.282.4

165.6

352.2226.2

2,261.82, 295. 6

84.6460.247.4

' 702. 7

526.8181.0257.7

.715.0

36.628.57.6

17.712.229.0

257.4

58.32.1

172.257.76.4

147.4

526.3

365.9

14.852.114.7

25.30

70.3100.7

537.6

319.4

25.939.516.0

23.10

90.843.0

2, 459. 7, 389. 5513.6

, 946. 1

308.212.8

196.9

41.3

280.753.862.934.7

81.439.136.9

32.2

215.2

285.642.152.849.5

959.6

643.057.725.986.5

166.0

316.6201.3

2, 003. 52, 204. 1

94.7359.941.2

628.0

497.7163.5217.9

.627.7

30.221.14.8

10.815.322.9

193.2

49.5.4

142.861.91.9

133.7

497.6

319.8

10.436.025.8

18.80

65.282.0

638.5

360.7

19.853.523.6

16.80

105.444.4

,801.1, 762. 6552.2

, 248. 9

358.312.9

242.5

47.6

288.247.954.247.3

76.433.338.0

33.4

242.5

325.547.454.561.5

1, 157. 2

741.969.630.096.4

188.6

415.3254.1

2, 355. 92, 184. 7

95.6463.544.9

729.8

597.8201.2222.5

.921.9

27.229.4

6.418.817.536.3

251.5

57.9.3

160.377.76.0

147.1

597.5

344.6

13.543.211.4

18.90

70.585.9

2, 680. 92, 630. 5

327.8

59.2

263.0

84.4

29.2

234.2

309.3

1,116.9

2,091.12, 224. 0

••Revised. ^Preliminary. 1 Less than $50,000. 2 Beginning Jan. 1966, excludes datafor Singapore; such shipments amounted to $1.0 mil. in that month. tRevisions for Jan.1964-Nov. 1965 will be shown later. 9 Includes data not shown separately. QSee

similar note on p. S-21. *New Series. Comparable data prior to 1965 for the groups arenot available; data for individual commodities may be obtained from Bureau of Censusreports.




1965 1966

Annual

1966


1967


FOREIGN TRADE OF THE UNITED STATES—Continued

FOREIGN TRADE— ContinuedValue— Continued

General imports— ContinuedBy commodity groups and principal commodi-

ties:*Agricultural products, total mil $Nonagricultural products, total do

Food and live animals 9 doCocoa or cacao beans doCoffee doMeats and preparations doSugar. _ do

Beverages and tobacco do

Crude materials, inedible, exc. fuels 9 doMetal ores.. doPaper base stocks doTextile fibers doRubber. _ do

Mineral fuels, lubricants etc doPetroleum and products do

Animal and vegetable oils and fats doChemicals do

Manufactured goods 9 doIron and steel doNewsprint doNonferrous metals doTextiles . do

Machinery and transport equipment do

Machinery, total 9 doMetalworking doElectrical do

Transport equipment doAutomobiles and parts do

IndexesExports (U.S. mdse., excl. military grant-aid):

Quantity 1957-59-100Value doUnit value do

General imports: d71

Quantity. . doValue doUnit value do

Shipping Weight and ValueWaterborne trade:

Exports (incl. reexports) :§Shipping weight thous sh tonsValue .__ _ mil $

General imports:Shipping weight thous. sh. tonsValue. mil $

4 083 617 282 0

3 459 6120 5

1 058 5' 426 5442 5

553 2

3 046 6915 4421 9435 4188 1

2 221 52 092 5

116 5768 8

5 555 4789 6800 4

1 234 71 266 8

2 947 §

1 746 263 5

639 6

1 201 5810 1

144152106

15315299

171 73016 926

255 75414 943

4 530 521 019 8

3 947 5122 2

1 067 3599 5501 2

641 7

3 265 6l'oi9' 8

449 3436 3180 9

2 262 02 127 1

146 2964 0

6 353 9889 5908 5

1 305 01 551 7

4 827 6

2 618 4135 3

1 015 9

2 209 31 617 7

186 09318 531

264 53817 309

424 51 646 7

333 710 197 048 937 8

82 6

281 875 734 250 418 9

172 0160 9

6 686 0

508 471 083 290 5

126 8

355 0

209 28 7

72 5

145 899 5

T> 160p 168P 106

P 176P 179P 100

15 8141 537

19 7401 406

361 11 713 3

313 812 691 140 730 1

48 2

282 588 338 435 716 6

169 8155 8

11 485 9

567 678 483 1

123 5135 2

385 8

205 69 7

71 2

180 2116 3

p 162p 171p 105

p 176p 187P 101

16 1471 540

20 6161 408

389 61 799 0

340 46 2

80 165 447 3

46 2

305 196 139 741 617 5

193 8183 3

12 685 3

541 581 071 8

118 5125 3

404 5

916 010 776 6

188 6135 2

p 158p 169p 107

p 185p 177P 101

16 7631 520

24 3371 503

338 61 733 4

309.49 3

74 546 261 7

36 1

261 785.238 430 311 5

188 1181 5

8 271 9

555 363 975 8

129 3131 5

366 9

212 012 080 7

154 9117 2

14 8651 508

22 9541 439

335 81 844 4

299.04 6

63 753 945 4

41 8

306 9110 942 932 916 3

204 5190 3

12 678 7

566 076 079 1

131 2135 0

378 4

238 514 898 9

139 990 2

17 0031 513

26 1771 551

405 91 888 3

372.35 2

98 957 173 3

53 3

280 4101 935 228 513 5

182 9169 9

10 595 1

579 981 080 4

134 4139 3

416 7

225 010 799 5

191 7137 9

17 0251 500

24 0441 609

381 31 897 1

358.26 7

99 958 448 1

64 7

265 0105.238 026 014 8

182 6173 7

11 979 4

564 278 875 5

116 6136 0

434 7

243 612 9

103 5

191 1147 0

16 9791 648

24 6031 519

356 91 900 8

326.37.9

72 748 840 9

66.5

270 1102.937 525 615 3

181 5170 1

12 880.5

581 977 967 2

140 2147 4

454 5

267 717 2

117 8

186 8147 8

16 0121 652

23 2921 536

362 01 878 1

330.812.875 850 135 4

53.6

251 079.438 926 912 9

182 5173 0

13 174.7

513 575 469 399 2

133 5

547 8

261 916 8

107 3

285 8239 3

14 1201 637

20 2101 383

415 31 846 5

355.424' 592 654 333 6

60 0

254 075 337 629 617 3

226 7212 7

14 282.4

522 172 880 9

101 6128 9

484 4

242 016 385 9

242 4195 9

364.61, 638. 8

314.125.974 547.537.0

49.9

210.861.233 324.914.1

186.7172 3

14 880.0

471.764 660.498.2

122.6

434 7

232 514.387 5

202.1164.1

431.51, 924. 4

369.020.893.851.446.2

63.6

254.562.839.832.021.2

211.8197.2

11.390.2

531.971.476.7

114.4129.7

537 2

286.119.8

103 7

251.1196.4

322.6

62.4

226.3

193.8

8.083.7

490.8

430.4

TRANSPORTATION AND COMMUNICATION

TRANSPORTATIONAir Carriers

Scheduled domestic trunk carriers:Financial operations (qtrly. total) :

Operating revenues, total 9. mil. $Transport, total 9 do

Passenger . _ doProperty doU.S. mail (excl. subsidy)... do

Operating expenses (incl. depreciation) doNet income (after taxes) do

Operating results:Miles flown (revenue).. _. mil..Express and freight ton-miles flown doMail ton-miles flown. doPassengers originated (revenue) doPassenger-miles flown (revenue) _ _ bil

Express Operations (qtrly.)Transportation revenues . mil $Express privilege payments do

Local Transit LinesFares, average cash rate. centsPassengers carried (revenue). milOperating revenues (qtrly. total)... ...mil. $..

Motor Carriers (Intercity)Carriers of property, class I (qtrly. total) :

Number of reporting carriersOperating re venues, total mil $Expenses, total. . doFreight carried (revenue) mil. tons..r Revised. p Preliminary. i As compiled b2 Number of carriers filing complete reports for the

been deferred until 2d quarter 1967.9 Includes data not shown separately.*New series, replacing imports for consumptioi

monthly data, beginning Jan. 1965, will be shown lat

3,3063,2782,933

21874

2,886223

941.0921.6219.671.449.2

431.4119.3

' 21. 56,7981,444

2 1, 1057,1126,736

428

y Air Tyear.

i data foer.

3,7063,6713,261

24291

3,250240

1,010.91, 081. 7

282.481.157.1

430.8111.7

'21.76,671

87.194.123.87.45.1

'21.7580

91.098.422.47. 24! 9

' 21. 7590

997989886642^

83688

90.6102.523.28.05.7

104 428.9

r 21. 7567

1 1631 9791 8591

120

ransport Assn. of America.3 Payments of $2.6 mil. have

rmerly shown. Comparable

52.359.817.95.13.9

11 21. 7502

61.166.420.55.44.2

'21.7529

8318237305020

73648

92.497.423.07.25.1

107 328.0

'21.8552

96.1105.924.67.35.0

'21.8583

91.7101.226.37.14.7

'21.8570

1 0029928706928

89060

97.3104.436.5

7.55.5

115 2°9 2

' 21. 9582

96.687.124.97.45.3

'22.0553

88.985.524.56.74.6

' 22.2520

102. 6105.829.98.35.9

101 23 24 0

'22.2595

22. 2~561

cfBeginning Jan. 1965, indexes are based on general imports, instead of imports for con-sumption as formerly.

§Excludes "special category" shipments and all commodities exported under foreign-aidprograms as Department of Defense controlled cargo.


S-24 SUEVEY OF CUKEENT BUSINESS June 1967


1965 1966

Annual

1966


1967


TRANSPORTATION AND COMMUNICATION—Continued

TRANSPORTATION-ContinuedMotor Carriers (Intercity) — Continued

Freight carried, volume indexes, class I and II(ATA):

Common and contract carriers of property(qtrly.) average same period, 1957-59=100

Common carriers of general freight, seas, adj.*1957-59=100..

Carriers of passengers, class I (qtrly.) :§Number of reporting carriersOperating revenues, total mil. $._Expenses, total doPassengers carried (revenue) mil

Class I RailroadsFreight carloadings (AAR):

Total cars thousCoal doCoke doForest products doGrain and grain products do

Livestock doOre doMerchandise, l.c.l doMiscellaneous do

Freight carloadings, seas. adj. Indexes (Fed. R.) :Total . 1957-59=100

Coal doCoke doForest products doGrain and grain products doLivestock doOre doMerchandise, l.c.l doMiscellaneous do

Financial operations (qtrly.) :

Freight doPassenger d.o

Operating expenses do

N t 11 t r\Net income (after taxes) do

Operating results:Ton-miles of freight (net), revenue and nonrev-

e ue (,qi iy.;_ _ _ _ __ _ _ DII__

Revenue per ton-mile (qtrly. avg.) cents ._Passengers (revenue) carried 1 mile (qtrly. )._mil._

Waterway TrafficPanama Canal:

Total thous Ig tonsIn United States vessels do

TravelHotels:

Average sale per occupied room dollarsRooms occupied % of totalRestaurant sales index__.same mo. 1951=100..

Foreign travel:U.S. citizens: Arrivals thous..

Departures do

Departures doPassports issued and renewed do

National parks visits doPullman Co. (qtrly.):

Passenger-miles (revenue) mil

COMMUNICATION (QTRLY.)Telephone carriers:

Operating revenues 9 mil $. u «ve e _ ._ .

Onprntlnw p n <;% fhpf r t p ^ dnpe ui> uto eipt ht- ûtjiure taxes; ~ A

Ph rT ' f f H ~'l"

Telegraph carriers:Domestic:

Operating expenses, incl. depreciation doNet operating revenues do--_

International.'cT1

pe a g e e u e s _ _ _ ~ ~ i ~ ^

p a g eve ues

150.9

1413

i 147604.7511 59J3 2

29,2485,555

4281,9782,662

1251,956

45916, 084

9797

10010397409520

100

10,2088,836

5537, 8501,396

962815

709.3697.71.266

17,389

78,9279.080

9.7162

112

3,3513,3412,0931,8191,330

36, 509

2 01434.55

11,7506,2724,1887,0762,09181.5

305.6267.423.8

II9 9

87.091 0

161.2

' 156. 0

29, 6185,590

4321,9962,877

1102,131

32216, 159

969598

10210535

1021499

10, 6559,281

5448,1171,4921,046

902

750.5738.31.257

17, 095

83, 0199,630

10.0362

115

3,8813,7592,4132,0401,548

38, 490

1,96933.80

12, 9046,6994,7617,7132,31786.0

319.3275.524.9

121 490.427 1

154.7

2,22932935

161209

715527

1,307

9775

10110710832

14914

101

6,849821

10.2666

117

301330192153187

1,766

155.0

2,43446436

163206

7226r25

' 1, 307

10010510810711132

10513

101

6,847798

9.7367

127

333308195163200

2,625

163 3

159.8

156149.3128 45° 7

2 2, 96625282 4 2

22012283

2299230

21,575

9598

10610310231911397

2 7282,394

1322 033

395300f)59

192.3189 91 2614,151

7,065925

10.4365

122

356459208188210

5,492

4497 66

3,2101 6691 1851 890

58983.6

80 267.86.6

29 9

155.7

2,17536033

150236

522623

1,143

9498

1181038931891396

7,071804

9.4656

114

397486261211149

8,730

(>9 1 i

6.8

157.3

2,35746932

158232

723224

1,202

9410010798

10534911395

7,480809

10.4965

111

571396262231132

8,582

I1

159.4

156.2

156210.6159.465 2

2 2, 9852570

24121932260

2 152292232

21,583

9594

10099

10336991398

2 6902 311

1652 031

391268227

186.7186 11 2425 427

6,795731

10.4565

118

387322268204

943,872

65011.07

3 2601 6761 2161 935

599

84 9

80 51 71.1i 5.5j1 31.3: 99 7

156.7

2,52648532

154234

1920326

1,373

94969197

10037921396

6, 962863

10.8669

113

31125021718773

2,664

i 7 5, / . j (

' 155. 7

2,33344332

146233

1415524

1,286

97958898

10440

13013

100

6,549692

10.4160

108

25121718115771

1,329

1

154.9

r 155. 5

156155.0136.556.1

2 2, 6242553238

2 1752252

2102 108228

21,460

999587

10310938

12913

101

2,7182,368

1252,098

356263244

189.7186.11.2723,880

6,744750

9.3549

118

23624817718367

851

3976.91

3,3301 7171,2372 038

58086.0

81 769.77.5

31 493 g6.6

r 153. 6

2,04943829

148201

66720

1,139

979582

1059932

11612

100

353.5

7,013815

10.0359

106

273258185133100932

' 155. 7

2,054434

29158193

46820

1,149

969678

1079429

1041198

354.7

6,929670

10.2262

114

111941

j

' 150. 2

2 2, 6602528

23422052249

2 7291225

2 1, 520

969774

10910030961198

2,5362,226

117

145

2 3 69. 0

7,909819

9.7964

122

1881,380

4036.97

3,3561,7321,2452,040

58487.0

81.571.84.3

! 31.2! 23. 9I 6.3

134.3

2,22145828

155170

512121

1,263

9610480

1038824

1161198

3 56. 6

7,136702

10.9867

123

1971,711

2,28245929

158161

519720

1,253

9310287

1028523921195

358.3

7,778943

10.4164

128

224

1

i11i|I

I

1

i

i

r Revised. *> Preliminary. l Number of carriers filing complete reports for the year.2 Data cover 5 weeks; other periods, 4 weeks. 3 Preliminary estimate by Association ofAmerican Railroads.

*Xcw series. The monthly motor carrier index (ATA) is based on a sample of carrierst h a t represents approximately one-third of the class I and II common carriers of generalfreight; monthly data back to 1955 are shown on p. 40 of the July 1966 SURVEY. Railroadrevenue ton-miles are compiled by Interstate Commerce Commission.

§Effective 1st qtr. 1965, carriers reporting both intercity and local and suburban schedulesare classified as intercity if intercity revenues equal or exceed 50 percent of revenues fromboth operations.

9 Includes data not shown separately.d" Comparability of data between periods shown has been affected by organizational

changes: certain operations reported prior to 1965, and others reported through mid-1965,are no longer covered.


June 1967 SURVEY OF CUEEENT BUSINESS S-25


1965 1966

Annual

1966


1967


CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic chemicals, production:Acetylene mil. cu. ftAmmonia, synthetic anhydrous (commercial)

thous sh tonsCarbon dioxide, liquid, gas, and solid doChlorine, gas (100% Cl2) _ - doHydrochloric acid (100% HC1) doNitric acid (100% HNOs) doOxygen (high purity) mil cu ftPhosphoric acid (100% PiO&) thous. sh. tons...Sodium carbonate (soda ash), synthetic (58%

Na20) thous sh tonsSodium bichromate and chromate do _ _Sodium hydroxide (100% NaOH) doSodium silicate (soluble silicate glass), anhydrous

thous. sh. tons.Sodium sulfates (anhydrous, refined; Glauber's

salt; crude saltcake) _ thous. sh. tonsSulfuric acid (100% HsSOi) do

Organic chemicals, production :cfAcetic anhydride mil. lb._Acetylsalicylic acid (aspirin) .do. .Creosote oil mil gal

DDT mil. IbEthyl acetate (85%) doFormaldehyde (37% HCHO) doGlycerin, refined, all grades:

Production _ d o _ _ _Stocks, end of period do

Methanol, synthetic and natural mil. gal__Phthalic anhydride mil. Ib .

ALCOHOL

Ethyl alcohol and spirits:Production mil. tax gal._Stocks, end of period do _ _Use for denaturation doTaxable withdrawals d o _ _ _

Denatured alcohol:Production mil wine galConsumption (withdrawals) doStocks, end of period do

FERTILIZERS

Exports, total 9 thous. sh. tons..Nitrogenous materials doPhosphate materials. do_Potash materials _ _ d o

Imports:Ammonium nitrate doAmmonium sulfate. _ _ doPotassium chloride _ _ _ doSodium nitrate do

Potash deliveries (K20) _ doSuperphosphate and other phosphatic fertilizers

(100%P205):Production- thous. sh. tonsStocks, end of period _ do. .

MISCELLANEOUS PRODUCTS

Explosives (industrial), shipments, quarterly:Black blasting powder mil. IbHigh explosives do

Paints, varnish, and lacquer, factory shipments:Total shipments mil. $

Trade products _ _ _ _ _ _ d oIndustrial finishes do

Sulfur, native (Frasch) and recovered:Production thous Ig tonsStocks (producers'), end of period do

PLASTICS AND RESIN MATERIALS

Production:Cellulose plastic materials mil. IbThermosetting resins:

Alkyd resins doCoumarone-indene and petroleum polymer

resins mil ibPolyester resins doPhenolic and other tar acid resins doUrea and melamine resins do

Thermoplastic resins:Styrene-type plastic materials (polystyrene)

mil. l b _ _Vinyl resins (resin content basis) _ doPolyethylene do

16 745

8 710 91 077.76, 478. 71 368.14, 889. 7182 0313, 904. 6

4 928 0141.0

6, 796. 4

587.8

1, 407. 924, 789. 5

U,531.729.0

2 108 4

144.6107.3

13,085 5

353.224.7

1 433. 3579.1

710.1200.5589.570.0

315 9315.2

5.4

310.8103 1. 1963 8, 1043 1, 053

177181

1,780398

3,342

3,834469

.81, 459. 4

2, 169. 31, 246. 7

922.6

i 7 3363,425

1 169. 61 585. 6

324.91 388.01 919. 9i 595. 8

12,002.51 2, 282. 03, 047. 4

16 839

10661 11 298 26, 946. 01 560 35 333. 0214 8534, 522. 8

5 073 2138.9

7 342. 0

609.1

1 429 527,186 5

i 1, 600. 934.1

i 112 7

141 5i 121.6

1 3 627 1

365.626 0

* 485. 61 674. 8

659.1204.0570 074.7

307 3310.0

3.5

14, 2192 303

10 0181,000

154160

2,382321

3,991

4 431624

.51,753.1

' 2, 364. 4'•I 312.4r 1, 052. 0

8 2222,704

1 190. 61 614. 0

i 333 5453.3

1 982. 6*632.8

1 2, 397. 22, 670. 03, 558. 7

1 370

851 9101 1573.3123 3431 3

17 63Q405.0

423 012.6

605.2

54.7

119 22 420 7

129.02.89 0

14 211 9

290 1

30.116 639.154 9

53.2208 545 76 1

24 624.63.7

1,002103786

74

2020

28438

626

400293

r 207. 9r 119 4

r90. 5

6643,128

15.9

55.9

29 238.584.353.0

197.6221.4274.6

1 395

976 1110 1587 4132 6428 9

18 634406.2

452 611.9

625 9

39.2

123 82 314 9

122.32.99 7

14 010.5

296 1

29.920 836.757 1

52.9207.046 97 1

25 325.93 7

1,17419285473

1510

17543

308

402383

r 222. 2r 127 8

r94. 4

7083,021

15.6

55.2

31 738.878.654.2

207.3225.1288.7

1 360

889 8118 8560 5121 4394 917 868360.8

433 111.6

595 9

49.9

118 42178. 3

137.92.99 0

11.49.1

315.4

32.420 133.255.7

50.8207.948.66.1

26 226.43.3

1,086128736115

105

8232

147

365520

.1471.7

' 234. 1r 139. 3'94.8

6842,984

17.5

55.1

29 740.984.358.0

203.2221.4292.7

1 323

855 6129 8577 4127 8395 3

17 347361 2

431 711 3

606 7

47 5

116 62 233 6

116.92 49 5

12 28 7

274 6

25 620 439.854 7

53 1210 340 94 8

99 122.33 0

1,378140

1 000115

128

11833

158

337647

r 202 5r 121 9

r gO 6

3,014

6 1

46 4

25 934 773 341.2

198.1190.1294.7

1 464

857 2134 0585 6124 8420 9

18 167374.2

417 211.9

617 4

56.0

118 12 209 2

134.02 4

10 0

9 99 4

320 7

31 523 84L256 2

48 0205 348 36 4

9fi n26 19 9

1,194172821104

125

214f4\

272

334658

r 225 9r 132 4

r 93 5

2,975

15 2

52 8

31 9

37 080 653.9

203.7223.9311.1

1 471

847 8115 4570 0125 0423 7

18 125353 2

400 711 9

605 7

53 9

120 52 162 8

125.72 99 9

9 310 9

291 9

30 521 741.257 6

58. 1201 543 9

7 0

23 723.63 0

1,15519780885

11g

23734

472

328572

1.1482.2

r 205 5r 115 g

r89 7a-7-i

2,925

1 r A

49 4

37 989 053.5

204.6224.5311.0

1 426

822 2113 9605 2135 5469 2

19 178388 0

445 212.9

649 0

55.1

115 02,316.0

126.83.28 8

11 59.7

318 8

32.422 443.158.4

65.2196 9

50 98 9

27 826.7

4 0

1,13119380588

1310

26013

372

367552

r 195 6r 105 2

r go 4

2,871

16 3

48 6

23 937 990 658.3

210.3239.2304.6

1 399

911 4106 9599.6129 5497 5

18 584374.3

408 29.3

634 1

52.8

112.82,347.2

137.02.79 6

10.312.8

309 6

35.224 342.859.9

59.6199.047 76 8

25 826.53.2

1,49744386458

1420

22813

282

370612

r 178. 5r 91 2r87 3

CQQ

2,926

15 3

47 3

27 138 080 451.8

210.2227.5312.7

1 409

1 049 696 2

615 2135 4512 5

18 343391 6

424 49 1

657 2

51.1

114 02 447 o

137.33 4

10 0

10 912 1

308 3

30 826 048.158 7

59.4204 0

48 05 2

25 926.23 5

1,432216

1 01994

1212

17535

286

395624

—1 0427.8

T 149 9T 73 oT 76 9

799

2,704

16 i

45 0

22 037 173 947.1

192.7227.0326.3

1 467

994 991 6

633.1133 6531 8

18 333406.7

391 211.5

656 9

47.9

117 02 356 1

129.82 99 9

9 910 9

300 9

30 927 542.258 3

57.0203 1

56 65 1

30 430.73 2

1,273116979136

1120

2219

351

403602

162 081 380 7

Rf\A

2,722

14 1

46 7

23 435 977 750.8

190.8223.4306.8

1 234

'928 7r84. 7

r 589. 0r!26 7

521 3r 17 072r 404. 9

r 359 611 8

r 596 o

r48 3

r 106 1r 2 330 3

114.72 27 2

10 18 3

289 8

26 527 341.053 6

49 1205 141 95 o

99 fi22.82 8

1,128118854108

29213

on

296

406637

167 388 978 4

2,618

14 5

43 3oc e

35 473 246.8

188.6'204.4296.9

1,318

1 024. 195.9

644.4142.6544.3

18 796423.2

430 211.6

659 8

54.8

121 72 469 0

108.42 9

r 10 6

9 7r 10 7

r 321 8

30 927 044.557 6

56.3204 151 66 7

27 926.83 8

1,16613792283

1932

24422

504

r 439r 623

1406.4

208 3114 893 5

2,492

15 7

51 1

98 141 687 056.2

200.0224.5330.5

129.72.9

11 4

9.412.4

308 9

31.027 239.659 8

1,17140

94377

2819

30822

A.OQ525

' Revised. 'Revised annual total; revisions are not distributed to the monthly data." -oegrnnmg Jan. 1965, data exclude creosote in coal-tar solutions (formerly included); these

shorTfons P6r m°nth in 1%4< * See n°te "°" for p> S~2L 4 Less ̂ an 50°

cf Data are reported on the basis of 100 percent content of the specified material unlessotherwise indicated. 9 Includes data not shown separately.




1965 1966

Annual

1966


1967


ELECTRIC POWER AND GAS

ELECTRIC POWER

Production (utility and industrial), total tmil. kw.-hr__

Electric utilities, total do13 y fuels doBy waterpower do

Privately and municipally owned util doOther producers (publicly owned) do

Industrial establishments total doBy fuels doBy waterpower do

Sales to ultimate customers total (EEI) doCommercial and industrial:

Small light and power§ doLarge light and power§ do

Railways and railroads do. .Residential or domestic doStreet and highway lighting doOther public authorities doInterdepartmental do

Revenue from sales to ultimate customers (EdisonElectric Institute) mil $

GAS

Manufactured and mixed gas:Customers, end of period, total 9 thous..

Residential do

Residential doIndustrial and commercial do


Natural gas:


Sales to consumers, total 9 mil. therms. _

T H f 1 ~~H ' ~ 1 H


1,157,583

1,055,252861, 401193, 851

859, 414195, 838

102, 33199, 1983,134

953, 414

202, 112433, 365

4,652280, 970

8,78221,6751,858

15, 158. 4

702659

42

1,357809534

130 487.242.1

37, 26534, 2272,997

118, 74839, 19074, 657

7 278 53,937.83, 166. 0

1,248,232

1,143,737949, 254194, 482

933, 407210, 329

104, 496101,346

3,149

1,038,982

225, 878465, 077

4,514306, 572

9,24025, 9221,779

16, 196. 1

67463141

1,396809579

128 183.444.3

37, 97434, 8703,061

127, 01640, 70182, 062

7 697 04, 081. 73, 469. 3

96, 667

88, 07971, 75916, 321

71, 69416, 385

8,5878,269

318

82, 324

17,16437, 800

38224, 001

1112,111

138

1, 282. 8

100, 559

91, 63073, 19318, 436

73, 85717, 772

8,9298,610

320

82, 001

17, 48238, 726

36222, 433

6892,144

166

1, 278. 3

105, 367

96, 49280,27116, 221

78, 66317,830

8,8758,600

274

84, 542

19, 11039, 159

350

""' 6642,231

155

1, 327. 1

67363141

311181127

29.119.19.7

37, 18234, 1822 958

30, 0438,821

19, 848

1 793 3922.4823.4

113, 380

104, 67889, 05415, 624

85, 58119, 096

8,7038,490

212

89, 682

21, 30938, 683

34026, 220

6682, 300

162

1,414.5

112,348

103, 63287, 30916, 323

85, 22118,411

8,7168,509

207

93, 376

21,99540, 212

35527, 667

7142, 266

166

1, 453. 1

102, 282

93,81779, 72214, 095

77, 72716, 090

8,4668,264

201

91,519

21,32940, 355

34126, 351

7462,239

158

1,427.6

667626

40

16763

103

16.38.6

37, 15734, 2012,915

23, 5663,402

18, 686

1, 194. 9454.5693.4

103, 070

94, 21079, 78614, 424

77, 78916,422

8,8598,626

233

86, 718

19,16640, 001

37023, 981

8112,238

151

1,351.6

102, 729

93, 94978, 74515, 204

77, 14016, 809

8,7808,521

259

86, 350

18,45739, 851

37624, 371

8662,291

139

1, 330. 5

109,717

100, 86083, 05317, 807

82, 36518,495

8,8578,575

282

89, 262

18, 84039, 560

42127,087

9142,306

134

1, 375. 0

67463141

386219163

34.722.2

37, 97434, 8703,061

32, 15410,20620, 547

1, 960. 11, 029. 3

879.2

109, 951

101, 25683, 56617, 690

82,61818,638

8,6958,393

302

93, 362

19, 25339, 652

43830, 594

9252,351

149

1, 431. 2

101, 061

92, 96076, 36916, 591

75, 46817, 492

8,1017,821

280

89, 654

18, 61338, 367

42328, 895

8342,370

152

1, 398. 1

107, 699

98, 94280, 41918, 523

80, 62718,315

8,7578,454

304

90, 421

18, 85939, 559

42628, 174

8172,407

179

1, 393. 8

FOOD AND KINDRED PRODUCTS; TOBACCO

ALCOHOLIC BEVERAGESBeer:

Production mil. bblTaxable withdrawals . . _ do. __Stocks, end of period do

Distilled spirits (total):Production mil tax galConsumption, apparent, for beverage purposes

Stocks end of period doImports mil. proof gaL.

Whisky:Production _ _ mil. tax gal--Taxable withdrawals doStocks, end of period doImports mil. proof gal--

Rectified spirits and wines, production, total

\Vhisky doWines and distilling materials:

Effervescent wines:

Taxable withdrawals doStocks end of period doImports _ _ do _

Still wines:Production doTaxable withdrawals.. _ _ do _ _Stocks end of period doImports.. . _ _ do_

Distilling materials produced at wineries-_.do

108 22100. 42

10 34

185 06

137 59

872 9058.04

126. 8890.05

835. 8551.10

64 81

6 253 101.45

233 41167. 14262 3014.91

470. 56

113.04104. 2610.57

191 14

144 72880 42

60.30

128. 5194.57

835. 4652.20

m an

67 13

7.403 751.64

218. 82165. 77965 1016.34

390. 23

9.828.54

12.34

17 63

no cc

11 93888 94

4.52

13.187.41

850. 064.00

8105 36

cc

.494 26.10

2.2612.89

214.161.16

4.47

10.149.06

12.62

17.60

24 8113 40

889 414.66

12. 728.15

851. 454.07

9 496 38

66.50

4 34.13

3.0312.66

202.111.48

2.31

11.5110.7412.58

16.70

26 3912.63

890. 764.99

11.507.56

852. 974.38

8 125! 06

go.61

4.49.11

2.3014.91

188. 781.30

1.65

11.3210.5912.48

9.24

92 349.89

887. 203.66

4.946.00

849. 982.82

5 933^83

47.38

4.55.08

1.529.81

178.581.02

2.37

10.9910.4412.25

12.94

24 1212.31

885. 414.38

7.617.46

847. 653.74

8 465.72

73!54

4.66.10

9.6313.10

171.881.21

31.96

9. 008.95

11.62

14.31

95 9()12. 57

883. 875.77

8.728.68

844. 374.58

9 216.40

58.73

4. 46.11

72 9413.93

225. 041.25

145. 40

8.377.79

11.54

16.28

26 4515.57

879. 817.41

9.2611.13

839. 286. 60

12 709.34

914.20.23

88.4415.90

290. 381.57

129. 56

8.107.93

11.08

17.06

r 32 7714.32

878. 487.15

9.9210.06

835. 186.39

9 926.46

731.013.88

.25

17.8816.09

282. 862.07

35.20

8.338.14

10.57

15.20

37 5610.05

880. 425.46

9.856.55

835. 464.88

6 923.99

961.003.75.18

8.2814.47

265. 101.43

18.65

8.387.00

11.31

17.20

21 189.91

885. 494.90

12.736.49

839. 324.10

6.493.60

86.51

4.01.14

3.4913.43

253. 501.22

8.68

8.157.07

11.77

17.20

21 549.76

888. 403.94

13.816.81

843. 333.42

6 874.26

86.43

4.38.13

3.1413.14

239. 901.08

7.44

10.689.50

12.14

19.36

27 4212.64

892. 905.21

14.828.25

846. 854.49

8.945.53

83.65

4.50.17

3.2217.87

225. 491.47

10.56

10.779.18

12.88

4.90

4.32

.13

1.35

r Revised.{Monthly revisions for 1964 appear on p. 43 of the June 1966 SURVEY; production data for

all periods shown here include Alaska and Hawaii.

§Data are not wholly comparable on a year to year basis because of changes from oneclassification to another.

9 Includes data not shown separately.




1965 1966

Annual

1966


1967


FOOD AND KINDRED PRODUCTS; TOBACCO—Continued

DAIRY PRODUCTS

Butter, creamery:Production (factory) mil. IbStocks, cold storage, end of period doPrice, wholesale, 92-score (N.Y.) $ per lb__

Cheese:Production (factory), total mil. Ib

American, whole milk .. do

Stocks, cold storage, end of period doAmerican, whole milk _ _ _ ... do

Imports doPrice, wholesale, American, single daisies (Chi-

cago) _ _ $ per IbCondensed and evaporated milk:

Production, case goods:Condensed (sweetened) mil IbEvaporated (unsweetened) do

Stocks, manufacturers', case goods, end of period:Condensed (sweetened) _ . _ . . . mil. IbEvaporated (unsweetened). _ . _ _do. .

Exports:Condensed (sweetened) .. _ _ . doEvaporated (unsweetened) _do.

Price, manufacturers' average selling:Evaporated (unsweetened) $ per case..

Fluid milk:Production on farms mil. IbUtilization in mfd. dairy products doPrice, wholesale, U.S. average $ per lOOlb..

Dry milk:Production:

Dry whole milk mil IbNonfat dry milk (human food) do

Stocks, manufacturers', end of period:Dry whole milk doNonfat dry milk (human food) do

Exports:Dry whole milk doNonfat dry milk (human food).. do

Price, manufacturers' average selling, nonfat drymilk (human food) $ per Ib

GRAIN AND GRAIN PRODUCTS

Exports (barley, corn, oats rye, wheat). .-mil. bu._

Barley:Production (crop estimate) doStocks (domestic), end of period do

On farms doOff farms . . _ do

Exports, including malt§ doPrices, wholesale (Minneapolis):

No. 2, malting $ per buNo. 3, straight do

Corn:Production (crop estimate, grain only).. mil. bu._Grindings, wet process. do

Stocks (domestic), end of period, total mil. buOn farms doOff farms- do

Exports, including meal and flour. _ doPrices, wholesale:

No. 3, yellow (Chicago) $ per bu..Weigh ted avg., 5 markets, all grades _ . .do___

Oats:Production (crop estimate) mil. bu.Stocks (domestic), end of period, total do

On farms doOff farms do

Exports, including oatmeal doPrice, wholesale, No. 2, white (Chicago)

$ per bu

Rice:Production (crop estimate) mil bags 9California mills:

Receipts, domestic, rough. mil. IbShipments from mills, milled rice _ _ _.doStocks, rough and cleaned (cleaned basis), end

of period mil IbSouthern States mills (Ark., La., Tenn., Tex.):

Receipts, rough, from producers mil. lb_.Shipments from mills, milled rice . doStocks, domestic, rough and cleaned (cleaned

basis), end of period. . mil. IbExports . doPrice, wholesale, Nato, No. 2 (N.O.) $ per Ib.

Rye:Production (crop estimate) mil. buStocks (domestic), end of period _ doPrice, wholesale, No. 2 ( Minneapolis).. $ per bu._

1,322.852.1.610

1,755.51,158.4

308 6271.0

79 3

.450

95.91,693.0

5.9134.8

i 65.3124.7

6.09

124, 17360,168

4.23

88.61,992.7

5.058.2

i 20.0i 438. 8

.147

U,385.6

3 392. 3300.8184.5116.3i 65.9

1.331.27

34,084204.9

4,0413,085

956i 598. 9

1.281.25

3927762660103

i 24 3

.74

376.3

1,6121,055

207

5,711M,020

1,641i 3 411

.083

333 228.81.15

1, 119. 232.3.672

1, 873. 61, 234. 5

372.7322.2135 5

.527

127 11, 730. 9

11.6192.9

92.938.4

6.73

120, 23057. 365

4.81

87.51, 587. 5

6.9118.5

16.4170.3

.182

1, 590. 3

3 389. 6292.3177.2115.163.6

1.351.33

3 4, 103203.6

3,6632 885

778616.6

1.341.31

3798660555105

30 2

• 77

3 85. 1

1,586946

317

5,8803,962

1 7582 978.083

327 928 31.20

106 234.3.632

165 6113 0

302 9258. 9

7 8

.507

9 3165.6

5.873.6

4.73.4

6.55

10, 7255,2704.44

8.1167.5

6.779.4

1.028.8

.169

160.6

7.9

1.321.29

17.0

64.6

1.281.24

3.4

.75

9559

146

108253

1,002205

.083

1.17

116 453.2.641

184 2130 5

330 0282.4

5 9

.500

11 2193.2

8 5128.3

9.14.4

6.63

11,5255,8494.34

7.6188.0

9 2112.5

2 29.5

172

139.7

7.3

1 331.30

16.8

53.4

1.281.26

5.2

.74

7697

80

72288

763295

.083

1.14

114 885.8.666

194 5138 3

369 7321.110 3

.517

11 0195.4

8.4205.8

8 62.5

6.64

11,2696,1524.36

8 9192.5

8 7139.8

50 Q

. 174

143.4

4 104. 84 46 14 58. 6

8 0

1.301.27

18.2

1,7831,324

45955.3

1.321.25

4 3164 241

4 75

3.9

.78

11761

111

25365

442219

.083

4 19 01.19

83.992.2.717

169.5116.6

391.3340.9

9 7

.539

11 6158.1

6.1223.4

8.33.5

6.78

10,3505,1874.71

7 0132.0

8 8143.6

1 226.0

195

119.0

3.0

1 301 27

16.9

43.4

1.391.33

3.6

.77

6654

99

98271

254404

.083

1.22

77.385.9.736

156 8105.3

402.5349.4

10 8

.562

11 3159.1

6.9217.2

10.74.9

6.93

9,7634,8045.00

7 5110.5

8 2129.3

2 619.7

.202

138.7

3.7

1 341.31

18.1

51.8

1.481.40

2 3

.76

8253

97

896232

62385

.083

1.24

70.568.4.754

145.695.3

398.4347.1

10 3

.562

12 2133.8

6.0245.1

8.13.8

7.07

9,2634,1815.29

7.089.0

7.9118.4

1.415.6

.206

134.0

386.1245.3140.8

8.5

1.391.35

17.14 8404 5304 31145.3

1.441.40

833675158

3 2

.75

266109

168

1,312366

1, 109200

.083

37.81.23

79. 158.1.699

144.091.6

388.8335. 5

15 3

. 554

12 2125.8

7.0253.4

10.33.4

7.06

9,3334,0485.40

6.592.9

8.4116.8

.99.8

.200

126.8

4.6

1.411.39

18.3

35.6

1.371.35

4.2

.78

371110

304

1,640404

1,826226

.083

1.18

80.839.0.680

139.485.8

378.3325.417 8

.530

11 1107.4

7.2230.8

7.02.1

7.07

9,0123,9075.38

6.092.9

8.3112.2

.88.8

204

125.5

4.3

1.371.36

16.9

56.4

1.311.33

2.3

.78

3354

262

664416

1,867246

.085

1.21

97.432.3.674

155.398.6

372.7322.217.8

.530

9 4109.9

11.6192.9

5.63.0

7.06

9,5114,3715.30

5.5122.7

6.9118. 5

.84.1

.201

101.3

292 3177 2115.1

1.4

1 361 34

15.1

3,6632 885

77844.6

1.421.37

660555105

2

15458

317

405399

1 75832°

..085

28 31.25

112.935.1.669

153.1101.5

367.8317.4

14 7

.530

4 8105.2

14.3150.0

(2)

1.5

7.05

9,8554,7705.15

5 8133.8

6 8118.7

1 29 4

.200

90.5

2 7

1 351 34

16 2

35 4

1.401.36

5

79

179197

260

341403

1 611472

.085

1.20

103.854.7.672

143.094.9

361.2308.613.2

.520

2.9103.7

15.5119.6

(2)5.9

7.05

9,2174,5455.06

6 0129.6

7.0111.7

1 614.4

.199

82.7

3.1

1 321.31

15.1

38. 1

1.381.33

(7)

77

147119

948

294414

2 766390

.085

1.19

113.376.2.672

160.3107.2

367.4317.918.8

518

3 9121.0

13.881.9

1.83.7

7.05

10 510r 5 204

4.95

6.9144.0

7 299.6

1 610.7

201

100.9

205 9113 992.0

.8

1 331 32

17.6

2 7042 034

67049.0

1.381.34

44135488

(7)

77

163122

239

232441

1 163461

.085

24 31.23

120.8r 102. 9

.672

171.1119.9

T 387. 4r 335. 1

15 7

. 518

6 5146.6

9 8124.0

7.32.2

7.05

10 7325 558M.77

7 4175.0

8 8115 7

g7 2

199

87.6

3 0

1 321 31

16 7

35 4

1.361.32

75

137134

9Q'>

150385

859319

1.21

152.5.673

403.0349.3

. 518

11, 508

4.73

1 341 33

18 1

1.371.33

74

1. 2f.ir Revised. * Preliminary. i See note "O" for p. S-21. 2 Less than 50,000 Ibs.

3 Crop estimate for the year. 4 Old crop only; new crop not reported until beginning of newcrop year (July for barley, oats, rye, and wheat; Oct. for corn). 5 Average for 11 months.

6 Beginning June 1965, data include shipments to Gov't. agencies.i Less than 50,000 bushels. § Excludes pearl barley.9 Bags of 100 Ib.




1965 1966

Annual

1966


1967



GRAIN AND GRAIN PRODUCTS-Con.

Wheat:Production (crop estimate), total mil. bu_.

\Vinter wheat doDistribution do

Stocks (domestic) end of period total doOn farms doOff farms do

Exports total including flour do"Wheat only do

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

$ per bu._No. 2, hd. and dk. hd. winter (Kans. City) .doWeighted avg., 6 markets, all grades _ do

Wheat flour:Production:

Flour thous. sacks (100 lb.)._Operations, percent of capacityOffal thous sh tons

Grindings of wheat thous buStocks held by mills, end of period

thous. sacks (100 lb.)._Exports doPrices, wholesale:

Spring, standard patent (Minneapolis)$ per 100 lb-

Winter, hard, 95% patent (Kans. City) .-do

LIVESTOCK

Cattle and calves:Slaughter (federally inspected):

Calves thous animalsCattle do

Receipts at 26 public markets. _ _do ._Shipments, feeder, to 8 corn-belt States doPrices, wholesale:

Beef steers (Chicago) $ per 100 IbSteers, stocker and feeder (Kansas City)__doCalves, vcalers (Natl. Stockyards, 111.) --do

Hogs:Slaughter (federally inspected) ___thous . animals..Receipts at 26 public markets doPrices:

Wholesale, average, all grades (Chicago)SperlOOlb. .

Hog- corn price ratio (bu. of corn equal in valueto 100 Ib. live hog)

Sheep and lambs:Slaughter (federally inspected). ..thous. animals..Receipts at 26 public markets doShipments feeder to 8 corn-belt States doPrice, wholesale, lambs, average (Chicago)

$per 100 lb_.

MEATS AND LARD

Total meats:Production (carcass weight, leaf lard in) , inspected

slaughter mil. lb_.Stocks (excluding lard), cold storage, end of

period mil IbExports (meat and meat preparations) doImports (meat and meat preparations) do

Beef and veal:Production, inspected slaughter doStocks, cold storage, end of period . doExports doImports doPrice, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs.) (New York) $per lb_.Lamb and mutton:

Production inspected slaughter mil IbStocks, cold storage, end of period do

Pork (including lard), production, inspectedslaughter mil Ib

Pork (excluding lard) :Production, inspected slaughter do. -Stocks, cold storage, end of period doExports doImports doPrices, wholesale:

Hams, smoked, composite $ per 1 b_ .Fresh loins, 8-12 Ib. average (New York). .do

Lard:Production, inspected slaughter mil. lb..Stocks, dry and cold storage, end of period. .doExports ___ .__ _ do. .

11,3161299

1 1,0171,432

1,336405931

3 694. 23646.5

1.831.581.70

254, 58490.9

4,693575, 874

4,3143 20, 464

5.7845.464

5,07626, 61413, 9947,230

25.8122.5027.17

63, 70815,386

20.78

18.2

11,7103,4502,157

24.29

28, 336

4843535

1,012

15,995269346718

.433

57612

11,766

9,330152353262

.542

.532

1,77262

3251

U,3111254

1 1, 0571,602

1,049409640

875.7820.8

1.971.811.88

257, 18891.3

4,668579, 183

4,18023, 540

6.3655.994

4,43227, 319

4 13, 1338,056

26.1725.4232.38

63, 729* 15, 175

22.88

18.6

11, 553* 3, 901

1,988

25.00

29, 289

621480

1,318

16, 70831732

895

.441

58117

12, 000

9,67023455

298

.587

.569

1,696100158

83.677.7

1.841.651.72

20, 68689.2374

46, 585

2,532

5.9255.567

3702,103

932466

27.7326.7435.00

5,3031,291

21.72

18.6

972279172

25.75

2,349

58532

107

1,291225

265

.460

5018

1,008

804272

329

.537

.533

149945

72.867.0

1.871.741.78

20, 62889.0373

46, 382

2,492

6.0505.800

3182,249

961448

26.5426.3133.50

4,9131,245

22.25

18.7

970315168

27.12

2,363

5723188

1,359213

253

.442

4920

954

761268

522

.552

.562

14110415

382

25352 1312 404

76.271.4

1.981.891.88

22, 35092.4403

50, 222

4 2282,071

6.4506.200

3252,3971,151

373

25.3324.9233.00

4,6721,192

22.88

19.3

1,040335109

24.25

2,432

51838

143

1,466219

3103

.424

5122

914

727214

626

.562

.604

13610215

68.864.1

2.101.991.96

20, 03790.9367

45, 402

2,015

6.9056.573

3132,236

976443

25.2624.1526.50

4,2281,004

22.65

18.1

929303104

23.75

2,197

4953498

1,346227

268

.410

4526

806

646179

322

.552

.561

1169410

80.574.7

2.091.981.98

22, 38088.3405

50, 400

2,495

6.8386.483

3612,4691,148

576

25.7325.5128.50

5,0881,192

23.85

18.3

1,024398230

24.75

2,480

43345

123

1, 489222

296

.440

4922

942

757140

418

.577

.577

1347316

406

1,441544897

76.271.6

2.091.932.08

23, 09398.8

42051,996

4 1971,962

6. 8136. 433

3902,4161,115

911

26.0725.5130.00

5,8881,305

22.57

16.4

1,067427325

24.00

2,593

45143

131

1,467232

3101

.448

5221

1,074

867151

422

.557

.580

149648

81.875.8

2.021.802.00

22, 92498.1417

51,602

2,601

6.6386.167

3892,3351,3551,424

25.4824.7931.50

6,0471,439

21.34

16.4

1,022405337

23.25

2,600

50959

128

1,432261

392

.433

5120

1,117

901171

726

.557

.550

1577015

62.156.1

2.001.881.98

21,48491.9389

48, 133

2,595

6.5506.100

3842,2851,2441,325

24.9324.1832.50

6,2001,469

19.78

15.2

896344126

22.25

2,636

56552

104

1,414282

372

.427

4518

1,177

961206

724

.568

.509

1637819

395

1,049409640

55.150.5

1.971.861.95

20, 80388.9377

46, 621

4,1801,956

6.3255.883

3662,2571,042

705

24.4924.2832.50

6,2151,460

19.10

14.6

905269111

22.00

2,647

62136

106

1,418317

373

.431

4617

1,183

955234

625

.625

.497

16510014

51.848.1

1.921.791.91

20, 66987.3376

46, 429

1,564

6.2505.700

3722,3651,142

514

25.2124.3233.00

6,2801,497

18.77

14.8

1,05329888

22.50

2,732

66836

115

1,488334

382

.437

5515

1,189

959256

523

.578.512

16711618

40.738.0

1.911.731.87

19, 39086.1350

43, 506

1,172

6.1755.633

3132,105

840355

24.9224.0435.00

5,6521,233

18.81

14.9

98922170

21.25

2,419

6974299

1,324325

363

.434

5215

1,042

845290

727

.540

.506

14312514

346

703241462

50.846.5

1.971.841.93

'21,694'83.0'375

' 48, 788

4,2261,844

6.2635.850

4002,338

943459

24.6524.5835.00

6,7251,442

18.05

14.0

1,07225071

21.25

2,748

72741

110

1,466313

367

.419

5615

1,226

996331

632

.549

.467

166'132

'9

48.344.6

1.961.781.91

19, 10084.1346

42, 849

1,560

3162,185

891388

24.5924.81

5,8701,372

17.23

13.5

872215

76

22.75

2,513

'7833996

1,378'303

361

.427

4416

1,090

890386

524

.458

14513519

1.991.77Ii94

1,013

25.3725.14

1,328

21.31

17.4

~ ~ "300"

29.25

723

291

.442

17

""""340

.556

' Revised. * Preliminary.1 Crop estimate for the year.

2 Old crop only; new grain not reported until beginning of new crop year (July for wheat).3 See note "O" for p. S-21. * Beginning 1966, data are for receipts at 28 markets.



Unless otherwise stated, statistics through 19S4and descriptive notes are shown in the 1965edition of BUSINESS STATISTICS

1965 1 1966

Annual

1966


1967



POULTRY AND EGGSPoultry:

Slaughter (commercial production) mil. lb__Stocks, cold storage (frozen) , end of period, total

mil. lb__Turkeys _ do

Price, in Georgia producing area, live broilers$ per lb_.

Eggs:Production on farms mil. casesO--Stocks ,cold storage, end of period:

Shell _ -- thous. casesOFrozen mil. Ib

Price, wholesale, extras, large (delivered; Chicago)$ per doz._

MISCELLANEOUS FOOD PRODUCTS

Cocoa (cacao) beans:Imports (incl. shells) _ _ _ -thous. Ig. tonsPrice, wholesale, Accra (New York) $ per l b _ _

Coffee (green):Inventories (roasters', importers', dealers'), end

of period - _ _ . thous. bagsd"Roastings (green weight) __ __ .. _. _ . _do _ _

Imports, total doFrom Brazil do

Price, wholesale, Santos, No. 4 (New York)$per lb__

Confectionery, manufacturers' sales mil. $._

Fish:Stocks, cold storage, end of period mil. lb_.

Sugar:Cuban stocks, raw, end of period

thous. Spanish tons__United States:

Deliveries and supply (raw basis) :§Production and receipts:

Production thous. sh. tonsEntries from off-shore, total 9 do

Hawaii and Puerto Rico .do

Deliveries, total 9 doFor domestic consumption do

Stocks, raw and ref., end of period do

Exports, raw and refined _ _ _ _ sh. tons-Imports:

Raw sugar total 9 thous sh tonsFrom the Philippines., _ _ _ ..do _

Refined sugar, total do

Prices (New York) :Raw, wholesale $ per IbRefined'.

Retail (incl. N.E. New Jersey) ..$ per 5 lb._Wholesale (excl. excise tax) $ per Ib- _

Tea, imports thous. lb._

Baking or frying fats (incl. shortening):Production mil. lb._Stocks (producers' and warehouse) , end of period

mil. lb._Salad or cooking oils:

Production. __ _ _ do ..Stocks (producers' and warehouse), end of period

mil. l b _ _Margarine:

Production doStocks (producers' and warehouse), end of period

mil. lb_.Price, wholesale (colored; mfr. to wholesaler or

large retailer; delivered) $ per l b _ _

FATS, OILS, AND RELATED PRODUCTS

Animal and fish fats:ATallow, edible:

Production (quantities rendered)- _ mil. IbConsumption in end products doStocks (factory and warehouse) , end of period

mil. lb._Tallow and grease (except wool), inedible:

Production (quantities rendered) doConsumption in end products doStocks (factory and warehouse) , end of period

mil. lb_.Fish and marine mammaloils:

Production doConsumption in end products doStocks (factory and warehouse) , end of period

mil. lb._

7,998

315200

.145

182.5

8551

.328

354.4.172

3,14321,680

21,2905 742

.4511,434

230

472

4,1525, 7961,966

10, 15110, 0202, 648

i 2, 359

3 7831,055

82

.068

.595

.095

130,358

2, 792. 5

116. 6

2, 773. 1

85.9

1,904.4

41.6

.261

530.1416.8

31.1

4, 302. 52, 210. 5

413.8

190.279.3

185.3

8,786

436267

.145

184.6

2736

.401

319.3.246

3, 14121,300

22, 0566 726

.414r 1, 543

271

40

4,0426, 2321,915

10, 44410, 2972,594

3,006

4 1981,039

38

.070

.620

.096

132, 996

3,181.2

118.6

2, 946. 8

83.4

2, 109. 7

53.2

.266

566.7510.8

50.9

4, 466. 92, 439. 6

447.4

164.176.8

158. 5

603

16992

.150

15.8

4233

.385

29 2.259

1,965597

.423111

162

2,797

134231235

750739

2,514

155

303117

(2)

069

.616

.095

13, 778

242.6

132.0

233.9

96.2

163.6

56.0

.261

40.834.6

41.0

338. 5188.3

414.0

5.46.6

135. 5

617

15169

.160

16.2

7642

.319

33 5.244

1,818570

.413101

164

r 2, 297

90258260

837825

2,300

123

253462

.069

.617.095

11,948

262.1

123.1

253.0

104.8

164.3

56.4

.261

49.342.9

49.6

366.0208.2

357.4

18.97.3

138.6

724

16070

.155

15.3

10155

.325

14 0.248

3 4685 185

1,680560

.410103

178

2,300

43407198

976967

1,982

75

394101

5

069

.617

.095

10,649

270.8

141.3

269 9

81.4

159 5

57.5

.261

45.843.4

51.0

378.0225.6

352.2

35.47.4

138.4

717

209104

.155

15.2

7962

.399

20.3.274

1,570451

.40675

211

1,642

48589188

1,0381, 0281,670

131

506154

3

.070

.619

.095

8,446

232.8

119.8

240.9

85.8

147.9

58.1

.261

41.339.8

50.0

346.0165.7

382.1

28.65.3

151.0

893

283171

.150

15.0

5760

.417

9 6.270

1,309153

.413117

248

1,297

60817163

1 03?1 0?01,300

86

38068

(2)

071

.623.096

9,681

307.7

110.8

248.1

89.1

178. 1

55.9

.266

49.455.6

45.5

375. 7219. 1

393.9

21.86.6

166. 7

931

409284

.140

14.7

10053

.477

10 3.241

3 3435 119

2, 085960

.410182

259

1,022

128500113

1 0731,0581,007

177

612154

3

071

.618

.097

13, 174

276.8

116.8

219.3

60.6

173.4

57.5

.274

45.547.5

40.3

389.8215. 3

417.1

20.46.7

180.4

958

539395

.120

15.5

4846

.430

13 4.240

2,168947

403171

262

762

676387136

776763

1,460

84

390335

072

.630

.097

11,018

260.5

118.5

219.9

67.6

190 0

59.9

.273

47.942. 7

43.3

380.0210.8

422.8

8.75.2

172.1

888

468312

.125

15.4

2339

.456

15. 9.233

1,573455

.403169

272

242

1 073357

82

776759

2,142

184

338569

071

.632

.097

9,281

265.9

109.7

237. 6

82.2

193. 3

54.8

.273

55. 047.7

43.0

398.8203.3

430. 9

16.56. 5

183.9r Revised. *> Preliminary, i See note "Q" for p.GCases of 30 dozen. c^Bags of 132.276 Ib.

S-21. 2 Less than 500 short tons.

790

436267

.110

16.2

26.8.249

3,1415,425

1,664471

.398138

40

896232

889871

2,594

28916

.071

.636

.099

10, 545

264.3

118.6

259. 8

83.4

192.9

53.2

.273

51.040.0

50.9

410.7207. 9

447.4

7.15.8

158.5

§Monthly data reflect cumulative revisions for prior periods. 9 Includes data notshown separately; see also note "§". AFor data on lard, see p. S-28.

682

437275

.125

16.4

6437

.343

49.8.266

1,979560

.395146

253

685

5612,074170

674658

2,832

40

225645

.071

. 633

.099

12, 461

259.8

119.3

238. 0

76.0

202. 3

49.5

.273

51.035.3

63.0

408.5210. 5

507.7

1.96.1

153. 0

551

409254

.140

15.0

5541

.311

50.9.305

1,618359

.388143

224

1,640

216246143

683673

2,734

89

2954510

.072

.630

.099

11, 633

260.1

118.8

240. 8

89.4

174.7

55.3

.256

53.444.4

75.1

387 9191.3

471.9

.55.6

154.4

624

351207

.130

17.0

4144

.322

39.8.290

2,8745 657

2,092412

.388r 136

204

2,890

110233184

873859

' 2, 614

91

4061004

.072

.629

.099

14,419

' 270. 5

119.2

254.1

81.9

' 194.9

'65.3

.256

51.3r 43.9

^78.4

419.8205.6

* 501.2

r .8

5.7

r 135. 5

622

'321r 176

.125

16.7r 120' 55

.265

21.6.274

1,717362

.385106

190

3,390

158156

p 2, 343

57

4211543

.072

.629

14, 518

249.6

125.9

242.4

97.7

160.5

68.0

48.645.5

76.1

388. 1195.1

497.8

3.26.9

136. 4

297150

.120

17.0

25472

.258

""."275"

.388

182

3,190

.072


S-30 SUEVEY OF CURRENT BUSINESS June 1967


1965 1966

Annual

1966

Apr. May Junei

July Aug.!

Sept. Oct. Nov. Dec.

1967



FATS, OILS, AND RELATEDPRODUCTS- Continued

Vegetable oils and related products:Coconut oil:

Production:Crude mil. lb_Refined - _ _ _ . _ _ _ _ d o

Consumption in end products doStocks, crude and refined (factory and ware-

house), end of period.. -. _ mil. IbImports - - - - - . _ . _ . . . do _ - _

Corn oil:Production:

Crude doRefined do

Consumption in end products dO-_.Stocks, crude and refined (factory and ware-

house), end of period - mil. Ib

Cottonseed cake and meal:Production thous. sh. tonsStocks (at oil mills), end of period . ..do

Cottonseed oil:Production:

Crude mil. IbRefined do


house) , end of period mil IbExports (crude and refined) doPrice, wholesale (drums; N.Y.) _ $ per Ib

Linseed oil:Production, crude (raw) mil. Ib .Consumption in end products doStocks, crude and refined (factory and ware-

house), end of period ._ - . mil. Ib-Price wholesale (Minneapolis) $ per Ib

Soybean cake and meal:Production thous sh tonsStocks (at oil mills) , end of period do

Soybean oil:Production:

Crude mil IbRefined do


house) end of period mil IbExports (crude and refined) doPrice, wholesale ("refined; N.Y.) $ per lb_

TOBACCOLeaf:

Production (crop estimate) mil. IbStocks, dealers' and manufacturers' end of periodt

mil IbExports, incl. scrap and stems thous. IbImports, incl. scrap and stems ._ _ . _ do_. . .

Manufactured:Consumption (withdrawals):

Cigarettes (small):Tax-exempt millionsTaxable do

Cigars (large), taxable doExports, cigarettes millions- .

365.4488. 1723. 5

154.4383.6

445 9412.8422.9

26. 1

2,756. 380.9

1,974 21, 668. 81, 471. 7

300.1501.3i .149

410.1227. 2

213.5. 134

11,179.175.4

5,235 54. 547. 34,437.6

374.81,026.7

.134

2 1,855

5 582468, 075243, 347

44, 236511,463

7,57823, 052

569.6784.0

223.5498.2

446.6397.6388.0

53.5

2, 382. 494.2

1, 674. 61,511.11, 263. 1

381.8184.0.178

454.2226. 9

208.4.128

12, 614. 4120.0

5, 820. 25, 152. 05, 200. 5

510.9684.8

.140

21,890

5 353551, 162179, 336

46, 112522, 532

7,07623, 453

(d)46.061.5

155.110.4

38.028.825.4

40.2

197. 4189.6

139.2147. 6112.1

408.910.8.178

36.420.0

237.7.128

1,010. 1122.8

476.6418.0409.5

521.933.2.139

23, 19116,413

4,04039, 582

5712,414

32.452.170.2

143.831.3

37 132.730.3

52.5

157.3212. 5

113.4130.8104.7

391.911.8.185

40.922.0

260.1.128

1,157.1165.5

537.8450.9431.9

582.347.2.138

23, 13413, 838

3,95445, 221

6821,926

36.351.374.7

147.250.3

40.033.929.6

60.4

109.3170.1

81.1106.3106.2

343.617.0.192

45.222.6

240.8.128

1,040.1159.4

480.8430.2452.3

589.964.6. 132

5,10428, 35015,107

3,77148, 552

5791,663

41.943.057.0

149.510.3

37.525.430.9

63.2

72.2133.9

50.661.292.8

300.83.9

.194

15.920.8

212.5.128

969.9198.9

451.8359. 7391.5

598.255.1.147

44, 20113, 877

3,62537, 925

5072,136

38.445.967.1

190.751.6

38.237.936.0

59. 1

70 899.5

49 155.299.1

232. 82.9

. 202

38. f,21.3

177. 2. 128

944 0130. 5

436 9425. 8449 6

511 197. 1.164

56, 95216,427

3,86350.707

0512,117

33.251.970.5

189.039.3

35 938.238.7

55.4

101.264.1

67 757.085.4

201 82.8

.181

44.119 1

188. 6.126

824 1111 4

389 1402.1410 4

462 078.5.142

5 149

64, 48716, 043

3,47546, 371

6261.938

(d)50.267.4

191.924.2

39 534 935.8

54 6

237 789.6

165 6101 086.6

246 26.4

.165

45.416 0

207.8. 126

1,039 6130.0

489 1411.5419 0

457 730.4.132

67, 57716, 427

3,82743, 484

6452,021

(<043.360.2

188.331.3

36 136 033.4

55. 2

259.991.7

183 1137.692.7

309.45.7

.169

39.015.0

218.0.128

1,147.1129.0

521 9427. 0434.8

488. 048.6.133

70, 18214,812

3,81943, 225

6641,941

(d)41 960.0

223 59 3

34 133 634 0

53 5

249 294.2

175 1162.495.1

381.85.2

. 165

30.114 7

208.4. 128

1.133 1120.0

512 3465. 3465.7

510.997.8.131

5 35372! 30813,129

3,54938, 079

4241,573

< < * )52 465 9

194 5196.8

34 334 034.2

47 0

237.6111.6

168 0128. 782.5

434.93.7

.151

33.319. 1

205.9.128

1,157.6134.1

529 0460.4452. 2

566. 124.3.127

36, 93014,907

3, 40641,319

5371,769

(d)44 956 4

206 879.6

33 730 332.5

45.8

179.1126.1

126 6117. 186.3

476.94.6

. 158

29.719.3

204.9128

1 022.3111.0

468 8410.4418.7

581.645.7.127

34, 79116,680

« 3, 96739, 936

4771, 731

(*)41 3

r 62 7

r 187 718 4

r 40 438 8

r38. 2r 44.9

T 184. 0r 148. 1

r 128 7122.8

r 86.9

r 514.08. 7

. 158

31.3r 19.1

r 206. 5128

rl 083 7r 86 3

r 49(5 gr 446. 0T 455. 6

T 535 8120 2. 128

5 33939,11113, 488

4 59343, 591

5922,202

(d)45 065 1

176 19Q 2

37 745 031 1

49 4

106 8166 9

73 9106 888 7

479 125 4

30.220 2

204. 7

1 080 9146. 1

50'? 8387.4404. 2

600 941 0

53, 27315,305

2, 059

38 9

63 7161 7

43 7

32.1

1 096 8124.4

510 0

LEATHER AND PRODUCTS

HIDES AND SKINSExports:

Value, total 9 - thous. $Calf and kip skins thous skinsCattle hides _ _ . thous. hides

Imports:Value, total 9 - thous. $

Sheep and lamb skins thous. pieces. .Goat and kid skins do

Prices, wholesale, f.o.b. shipping point:Calfskins packer, heavy 9H/15 Ib $ per IbHides steer heavy native over 53 Ib do

LEATHERProduction:^

Calf and whole kip thous skinsCflttle hide and side kip thous hides and kipsGoat and kid thous skinsSheep and lamb do

Exports:Glove and garment leather thous sq ftUpper and lining leather do

Prices, wholesale, f.o.b. tannery:Sole bends light index 1957-59 — 100Upper, chrome calf, B and C grades

index 1957 59-100

106, 2532, 458

13,311

80, 26331,85014,411

. 541143

6,26323 43614, 55730, 316

> 369,953

101 9

99 5

155, 6232,582

14, 307

88, 99536, 99810, 331

.601

.177

4,720r 23 830r 13,372

29 302

65, 704

1 114 5

1 05. 5

11,797183927

9,5004,541

856

.675

.184

330r 2 045' 1,252

2 625

5,741

118 7

107 6

14,386157

1,278

8,7243,741

883

.675

.209

375r 2, 027r 1,259

2 720

5,875

122 2

108 8

16,512199

1,351

8,6023,709

765

.650

.209

465T 2 046' 1,344

2 649

5,659

119 4

109 2

12, 075196971

7,1772,870

861

.525

.209

283T 1 653

9131 977

4, 564

119 4

107 2

12, 306221

1,097

9,0333,5081,484

.565

.179

4439 059

8089 $04

4, 945

118 0

107 fi

12, 662259

1,176

8,4563,810

681

.525169

r 3271 972

9332 917

4, 652

114 5

107 2

10,412145

1,108

5,0281,840

767

.475144

350r 9 039

r 9052 089

4, 527

106 7

108 0

15,636174

1,698

4,7941,703

604

.475149

3979 016

9482 350

4, 461

105 3

96.3

10,787180

1,210

4,6471,656

364

.550129

341r I 921

T 9091 960

4, 796

103 2

103.2

12, 684175

<• 1,251

5,5001,859

865

.500134

2991 912

9072,012

5, 511

103.2

103.2

15, 486230

« 1 , 408

5,6002,510

793

575129

3321 924

7422,153

4,869

107 4

101.6

13, 225265

« 1,132

6,2003,857

576

. 500129

3499 085

8412, 251

6, 192

106 0

99 2

11,327198

1,158

4,079457

••Revised. » Preliminary. d Data withheld to avoid disclosure of operations ofindividual firms.

1 Average for 11 months. 2 Crop estimate for the year. « Corrected.3 Effective Jan. 1965, data are for all leather, except sole and rough; see note "O" for p. S-21.

J Revisions for 2d qtr. 1963-4th qtr. 1964 (mil. Ib.): 4,695; 4,793; 5,288; 5,355; 4,964; 5,071; 5,666.9 Includes data for items not shown separately.d*Revisions for Jan.-Mar. 1966 will be shown later.




1965 1966

Annual

1966


1967


LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES

Shoes and slippers:!Production, total -thous. pairs_

Shoes, sandals, and play shoes, except athleticthous pairs

Slippers - doAthletic doOther footwear do

Exports do

Prices, wholesale, f.o.b. factory:Men's and boys' oxfords, dress, elk or side

upper, Goodyear welt index, 1957-59=100Women's oxfords, elk side upper, Goodyear

welt - -index, 1957- 59= 100_.Women's pumps, low-medium quality. _do

629, 095

531 91487, 3596,8282,994

1 2 533

111 0

107.3113.0

646, 327

535 936100, 955

6,5982,838

2,737

120.9

111.0121.2

53, 145

43 7068,606

605228

260

119.2

111.4121.2

54, 319

44 4739,057

576213

283

122.3

111.4121.3

54, 685

44 8419, 022

561261

272

122.3

111.4121.2

45, 569

38 3456,686

323215

210

122.3

111.4122.0

61,358

50 28910, 261

576232

200

122.3

111.4122.4

55, 201

44 36710, 074

528232

227

122 3

111.4122.5

54, 898

43 25110,786

530331

246

123.5

111.4122.3

50, 802

40 2209,494

548273

230

123.5

111.4122.7

49, 034

41 9306,311

543250

182

123 5

111.4122.4

52, 534

45 5716,158

577228

157

123.5

111.4122.9

'49, 890r42 463r 6, 723

'532' 172

174

123 5

111.4124.5

53, 342

44 2588 298

633153

237

123. 5

111.4124.7

164

LUMBER AND PRODUCTS

LUMBER— ALL TYPES

National Forest Products Association:^Production, total ... mil. bd. ft

Hardwoods . __ -.do.. .Softwoods do

Shipments, total doPlardwoods .._ _ _ _ d o .Softwoods ... . ... _ _.. .do

Stocks (gross) , mill end of period, total doHardwoods doSoftwoods.. _ _ .. . _ . do _ _

Exports, total sawmill products doImports, total sawmill products . _ _do

SOFTWOODSDouglas fir:

Orders new mil bd ftOrders, unfilled, end of period do

Production doShipments doStocks (gross), mill, end of period _ _ do _ _

Exports, total sawmill products do __Sawed timber doBoards, planks, scantlings, etc do

Prices, wholesale:Dimension, construction, dried, 2" x 4", R. I,.

$pe rM bd. ft..Flooring, C and better, F. G., I" x 4", R. L.

$pe rM bd. ft..

Southern pine:Orders, new mil. bd. ftOrders, unfilled, end of period - _ -do _ _

Production . _ . . . _ _ _ _ _ _ _ _ do _ .Shipments. doStocks (gross), mill and concentration yards, end

of period mil bd ftExports, total sawmill products M bd. f t _ _Prices, wholesale, (indexes):

Boards, No. 2 and better, 1" x 6", R. L.1957-59=100-.

Flooring, B and better, F. G., 1" x 4", S. L.1957-59 = 100 ..

Western pine:Orders, new mil. bd. ftOrders, unfilled, end of period - _ do

Production doShipments.- _ _ _ _ _ _ _ d o^Stocks (gross), mill, end of period doPrice, wholesale, Ponderosa, boards, No. 3, 1" x

12", R. L. (6' and over) $ per M bd. ft

HARDWOOD FLOORING

Maple, beech, and birch:Orders, new mil. bd. ft-.Orders, unfilled , end of period doProduction . . _ . - ._ doShipments doStocks (gross), mi 11, end of period do

Oak:Orders, new doOrders, unfilled, end of period doProduction doShipments doStocks (gross), mill, end of period do

36, 8957,655

29, 240

37, 7498,226

29, 253

5 7041 1564,548

1 9625,163

9 271621

9 2349,2571,054

i 4451 1111 334

82.16

156. 85

6 934366

6,5746 849

1 0871 100, 581

94.3

97.1

10 400535

10 25110, 3281,732

67 42

31.211.129.030 23.1

818 464.3

778 7783 335. 4

36, 1287,489

28, 639

36, 4827,923

28, 559

5 7751,1274,648

1,0095,120

8 249486

8 4288,6181,026

401110290

85.62

165. 87

6 430274

6,6656 522

1 23099, 202

105.1

106.2

10 400427

10 44210, 5081,666

69.39

31.216.325.126 71.8

618.126.0

685 6654.458.3

3,211660

2,551

3,462689

2,773

5 3231,0554,268

99462

817906

782835

1,084

461135

92.64

166. 84

578469

568612

9836,927

106.0

107.9

973682

9101,0211,488

71.46

3.915.81.92.33.0

59.089.360.663.530.5

3,242625

2,617

3,395684

2,711

5,1501,0004,150

98518

606652

794860

1,027

491237

93.04

166. 84

533415

578587

97410, 078

107.5

107.9

820535

960968

1,480

82.40

2.316.02.02.42.8

51.078.762.160.730.7

3,265664

2,601

3,159670

2,489

5,2631,0144,249

98550

688614

750726

1,052

399

29

88.25

167. 43

585400

622600

9968,991

107.3

107.4

867506

942896

1,526

79.06

2.816.42.22.42.5

50.262.066.065.929.0

2,858631

2 227

2 910620

2,290

5 1721 0434,129

82469

566537

633643985

339

24

85.25

167. 43

492378

520514

1 0026,903

107.1

106.9

906506

852906

1,472

70.69

3.017.31.82.32.1

40.652.154.950.433.5

3 ?41678

2 563

3 171' 665

2 506

5 "81 0694 159

88507

612419

716729972

326

26

86.01

167.43

534350

582562

1 0928, 897

107.8

108.1

920461

977964

1,485

68.74

2.517.62.32.51.8

46.340.765. 658.739 9

3,132665

2 467

2 880660

2,220

5 4921 1024 390

86378

625424

680620

1 032

308

22

84.60

168.04

491313

567528

1 0617,364

107.8

108.6

807415

969854

1,600

67 69

2.117.32 01 92.0

40 631.456 151 644.4

2,942642

2,300

2 792'647

2,145

5 7201, 1184,602

93339

581394

627611

1,117

361026

82.56

169. 20

470294

545489

1 1177,264

107.6

107. 9

800384

884831

1,653

66.28

1.316.29 22.51.7

35.926.450.640.952. 6

2,678611

2,067

2 638642

1,996

5 7871 1324,655

75318

621422

580593

1 103

261016

79.69

169 69

469277

528486

1 1595,688

104.2

107.7

751402

747733

1,667

64 87

2.616.72.22 01.7

38 525.444 340 355.6

2 506524

1 982

2 578587

1,991

5 7751 1274,648

70307

681486

540617

1 026

224

17

79.96

169. 69

434274

508437

1 2307,855

102.4

107.2

781427

754755

1,666

64.01

1.816.32 12 01.8

40 226.041 638 458.3

2 356554

1 982

9 577650

1,927

5 8101 1064 704

76300

678568

613596

1 057

341024

83.94

169 11

487288

514473

1 2716,566

101.0

106.2

732476

559683

1.635

65 88

1.716.21 91 91.9

45 926.744 045 257.1

2 671560

2 111

2 736615

2,121

5 8801 1254 755

67339

603602

612568

1 101

27g

19

80.91

170 31

524310

510502

1 2797,042

101.0

105 8

865501

770841

1,564

66 40

2.216.71.81 82.0

48 331.742 443 056.4

3 161610

2 551

3 112678

2 434

5 9311 1274*804

87502

668600

739670

1,170

319

22

84. 06

171. 47

582294

605598

1,2868,329

101.6

105.8

904503

947902

1,609

69. 55

3.017.52.22 12.2

61 139.451 653 453.9

2,900648

2 252

2 954623

2,331

5 9351 1864 749

95419

657589

670668

1 185

351025

540291

526543

1 2696,425

871511

820863

1,566

3.118.02. 12 22.2

39 434.846 444 055.9

r Revised. *» Preliminary.1 See note "O" for p. S-21.t Revisions for 1964-65 are shown in Bu. of the Census report M31A(65)-13.cTFormerly National Lumber Manufacturers Association.

FOOTNOTE FOR RAW STEEL, P. S-32.

AEffective Jan. 1967, the term raw steel has been substituted for ingots and steel for castings;raw steel is denned as steel in the first solid state after melting, suitable for further processingor sale, including ingots, steel castings, and continuous- or pressure-cast blooms, billets,slabs, or other product forms. Current data for raw steel are comparable with the ingotsseries.




1965 1966

Annual

1966


1967


METALS AND MANUFACTURES

IRON AND STEELExports:

Steel mill products thous. sh. tonsScrap - doPig iron__ _ _ do

Imports:Steel mill products doScrap _ _ _ _ _ d oPig iron do

Iron and Steel Scrap

Scrap for consumption, total thous. sh. tons__Home scrap produced _ doPurchased scrap received (net) do

Consumption, total doStocks consumers', end of period do

Prices, steel scrap, No. 1 heavy melting:Composite (5 markets) $ per Ig ton

Pittsburgh district do

Ore

Iron ore (operations in all U.S. districts):Mine production thous Ig tonsShipments from mines doImports do

U.S. and foreign ores and ore agglomerates:Receipts at iron and steel plants doConsumption at iron and steel plants doExports do

Stocks total end of period doAt mines doAt furnace yards doAt U S docks do

Manganese (mn. content), general imports do

Pig Iron and Iron ProductsPig iron:

Production (excluding production of ferroalloys)thous. sh. tons_^

Stocks (consumers' and suppliers'), end of periodthous. sh. tons_.

Prices:Composite $ per Ig. ton__Basic (furnace) doFoundry No 2 Northern do

Castings, gray iron:Orders, unfilled, for sale, end of period

thous. sh. tons__Shipments total do

For sale doCastings, malleable iron:

Orders, unfilled, for sale, end of periodthous. sh.tons__

Shipments total doFor sale do

Steel, Raw, Semifinished, and Finished

Steel (raw): A

Index daily average 1957-59 = 100Steel castings:

Orders, unfilled, for sale, end of periodthous. sh. tons__

Shipments total doFor sale total do

Steel products, net shipments:Total (all grades) do

Structural shapes (heavy), steel piling doPlates doRails and accessories do

Bars and tool steel total doBars: Hot rolled (incl. light shapes) do

Cold finished doPipe and tubing do

Tin mill products doSheets and strip (incl. electrical), total do

Sheets* Hot rolled doCold rolled do

Steel mill products, inventories, end of period:Consumers' (manufacturers only)__mil. sh. tons_

Receipts during period doConsumption during period .. . do

Service centers (warehouses) do_Producing mills:

In process (ingots, semifinished, etc.) doFinished (sheets, plates, bars, pipe, etc.) -do

S tppl fnarhrm'^ finioViorl nnmn/^cii-a T-.ri/->o€ <t T-IOT- IK

i 2, 496i 6, 170

128

10, 383235916

90, 53455, 21335, 32090, 3597,638

33.3635.00

87, 420385,331

45, 105

121, 964125, 143i 7, 085

69, 15812, 66753, 9972,494

1,272

88, 17388, 945

2,329

62.7563.0063.50

88215,7139,171

1741,136

648

3131, 462135.3

4361,9611,570

92, 6664,5286,7989,7641, 523

14. 4889.3443,1501,8778.6893,4846,659

36, 73310, 63016, 571

12.968.767.04.5

8.57.9

OQQ7

1,7245, 857

12

10, 753464

1,252

92, 07055, 46336, 60691, 5848,193

29.9531.00

90,70490, 58346, 259

128, 225127, 694

7,779

70, 03812, 67354, 6582,707

1,293

91, 50991, 770

2,962

62.7563.0063.50

96215, 7168,928

1821,133

688

134,101138.1

5902,1551,792

89, 9953,8066,7649,1031,776

14, 5239,1263,2761,9999,2333,4955,828

35, 46810, 13715, 972

10.165.067.9'5.4

9.89.2

nc/14

143440

1

71514688

8,0524,7603, 2927,9457,471

30.0233.50

6,8926,9583,432

8,84110, 897

593

54, 65220, 78132, 127

1,744

83

7,8537,849

2,135

62.7563.0063.50

1,0041,378

801

1949757

11, 569144.9

582184152

8,174324600819155

1,279797297175874327535

3,260919

1,494

10.85.96.0

-5.0

9.08.2

nfiQQ

126429

2

91917

137

8,2144,9103,3048,2317,491

28.7132.75

9,99211,6553,502

15, 42111,6581,048

56, 67319,11835, 852

1,703

109

8,2418,299

2,179

62.7563.0063.50

9531,390

793

1879759

12, 191147.8

629190158

8,221334596822152

1,321830301179886344559

3,207894

1,455

10.95.95.85.0

9.08.1

nS42

142607

(2)

1,01419

104

7,7834,7343,0497,7977,483

28.4030.50

10, 78411,953

5,154

15,37010, 941

829

60, 01817,94940, 2781,791

132

7,8377,842

2,277

62.7563.0063.50

1,0001,405

819

1869962

11, 403142.8

620201168

8,033318582815158

1,324820313180900334582

3,021842

1,307

10.65.65.95.0

9.58.1

0849

116532(2)

1,08224

174

7,0224,3802,6416, 7957, 709

29.5431.00

10, 34812,3644,004

14, 62810, 758

813

62, 35715, 93344, 148

2,276

128

7,6597,596

2,464

62.7563.0063.50

1,0361,119

669

1967346

10, 791130. 8

644138114

7,179278548758149

1,162719292143859279534

2,613756

1,114

10.94.74.44.9

9.88.0

OS42

126454

(2)

1,0902395

7,7634,7143,0497,4987,982

29.5429.50

10, 12511,322

5, 677

15,47010, 562

778

66, 00914, 73649, 056

2, 217

142

7,6457,734

2,452

62. 7563.0063.50

1,0221,327

784

1988853

11,097134.5

655174147

7,788312582797142

1,264772304177864317558

2,952833

1,289

11.25.75.45.1

9.68.3

0847

106667

2

1,08923

208

7,6954,7872,9087,6778,005

28.8428.00

9,82611, 1445,383

15, 42410, 941

922

69, 45213,43153, 539

2,482

97

7,7327,798

2,516

62.7563.0063.50

1,0341,344

768

2099560

11,280141.3

633182154

7,718314570781148

1,268797289173776305510

3,046904

1,338

11.05.75.95.1

9.78.4

.0848

139647

1

94036

104

7,8384,7523,0867,8108,035

29.1827.00

8,2299,8835,532

14,61311, 184

848

71, 75512, 02657, 010

2,719

138

8,0447,943

2,652

62.7563.0063.50

1, 0121,346

757

2109658

11, 509139.5

626179149

7,495321572752141

1,261798275177665289432

3,064896

1,396

10.6I 5.61 6.0

5.0

9.98.6

.0848

151501

(2)

1,15128

166

7,5084,5452,9637,5078,034

28.6427.00

5,1768,7695,158

11,49010, 257

501

71, 49410, 43458, 2422,818

82

7,4707,384

2,788

62. 7563.0063.50

9641,268

711

1939259

10,887136.4

619176147

7,239346539708141

1,239780276172640256402

2, 968848

1,356

10.45.35.55,,

9.88.8

.0848

184472

3

7702143

7,2724,4802,7927,1128,193

27.8827.00

5,0852,8452,811

6,69110, 275

367

70, 03812, 67354, 658

2,707

97

7,3507,293

2,962

62. 7563.0063.50

9621,214

669

1828956

10, 435126.5

590179148

6,846364543667144

1,148746235157587241427

2,724781

1,240

10.15.05.3

-5.4

9.89.2

.0848

205491

(2)

7823144

27.50

4,7731,8692,864

3,40010, 203

252

66, 28015, 79347, 843

2,644

124

7,374

62.7563.0063.50

9401,220

636

1619054

10,632128.9

557171145

7,292348534701137

1, 142741219170801247555

2,827799

1,299

10.15.35.35.5

9.99.1

.0848

190544

(2)

7441246

27.3827.00

4,5761,7722,049

3,3919,370

366

63, 05518, 63741, 8642,554

134

6,804

62.7563.0063.50

-945-1,113

-606

147-85-54

10, 041134.8

510r 165- 139

6,531360508668144

1,059673215160557249510

2,476710

1,089

10.04.84.95.3

10.19.3

.0848

162776

(2)

8822236

28.5327.00

5,0491,7781,712

3,75310, 479

346

59, 34921, 90835, 138

2,303

- 112

7,587

62.7563.0063.50

9261,238

669

1409559

10, 963132.9

454189158

7,562403591784169

1,212755268177705288638

2 779

7941,208

9.95.45.5

-5.3

10.09.3

160641

1

828

40

6,9889,816

736

32,3112,315

60

7,215

- 10, 349129.6

P9.5^ 4 . 9*>5.3p5 .3

p l O . 5^9.1

- Revised. * Preliminary. i See note "O" for p. S-21.2 Less than 500 tons. 3 Revised total; monthly revisions are not available.ASee similar note at bottom of p. S-31.^Beginning Jan. 1964, the composite reflects substantial changes in products and weights

used and is not comparable with earlier periods. The new composite price is based on AISInet shipments of carbon steel and is the average price of all finished carbon steel products(except rails and wire products) weighted by tonnage. Prices used are base prices at Pitts-burgh; the average includes an additional 25% for "extra" charges but does not include freight.


June 1967 SURVEY OF CUKKENT BUSINESS S-33


1965 1966

Annual

1966


1967


METALS AND MANUFACTURES—Continued

IRON AND STEEL— Continued

Steel, Manufactured Products

Fabricated structural steel:Orders, new (net) _ _ _ thous. sh. tonsShipments _ doBacklog, end of period do

Cans (tinplate), shipments (metal consumed),total for sale and own useO thous. sh. tons_-

NONFERROUS METALS AND PRODUCTS

Aluminum:Production, primary (dom. and foreign ores)

thous. sh. tons-_Recovery from scrap (aluminum content).. do

Imports (general) :Metal and alloys, crude doPlates, sheets, etc.- do

Exports, metal and alloys, crude do

Stocks, primary (at reduction plants), end ofperiod thous. sh. tons..

Price, primary ingot, 99.5% min $ per lb_-

Aluminum shipments:Ingot and mill products (net) mil Ib

Mill products, total. _ _ doPlate and sheet (excl. foil) _ do

Castings'! _ do

Copper:Production:

Mine, recoverable copper thous. sh. tons-_Refinery, primary- _ do

From domestic ores- _ _ doFrom foreign ores do

Secondary, recovered as refined do

Imports (general):Refined, unrefined, scrap (copper cont.)_.do

Refined doExports:

Refined and scrap doRefined-- - - do

Consumption, refined (by mills, etc.)-- - .doStocks, refined, end of period© do

Fabricators' _ . _ _ _ doPrice, bars, electrolytic (N.Y.) $ per Ib

Copper-base mill and foundry products, shipments(quarterly total) :

Copper mill (brass mill) products. mil. IbCopper wire mill products (copper cont.) .doBrass and bronze foundry products do

Lead: AProduction:

Mine, recoverable lead thous. sh. tons. -Recovered from scrap (lead cont.) do

Imports (general), ore (lead cont.), metal .doConsumption, total do

Stocks, end of period:Producers', ore, base bullion, and in process

(lead content), ABMS thous. sh. tons..Refiners' (primary), refined and antimonial

(lead content) _ _ _ thous. sh. tonsConsumers' cf - doScrap (lead-base, purchased), all smelters

thous. sh. tons-_Price, common grade (N.Y.) $ perlb._

Tin:Imports (for consumption) :

Ore (tin content) lg. tons__Bars, pigs, etc do

Recovery from scrap, total (tin cont.) doAs metal do

Consumption, pig, total _ .doPrimary do

Exports, incl. reexports (metal) doStocks, pig (industrial), end of period § doPrice, pig, Straits (N.Y.), prompt $ pe r lb__

Zinc:AMine production, recoverable zinc

thous. sh. tons_-Imports (general) :

Ores (zinc content) doMetal (slab, blocks) do

Consumption (recoverable zinc content):Ores doScrap, all types - do

••Revised. p Preliminary. 1 See note "O" f3 Revised total; monthly revisions are not availablOData reflect changes in conversion factor efTecth

strictly comparable with those for earlier periods,from a new sample and are not directly comparable

4,8684,3213,151

4,863

2, 754. 53 769. 0

527.365.4

i 203. 6

64.8.2451

8, 025. 55, 688. 22, 618. 61, 409.0

1,351.71,711.81,335.7

376. 1429.4

523.8137.4

i 422. 1i 325. 0

2, 042. 6161.3112.9.3502

2,9742,1771,075

301.1575.8

344.41,241.5

106.8

25.2109.2

54.8.1600

4,32640, 814

« 25, 0763 3, 40184, 01158, 550

1 3, 064r 27, 661

1. 7817

611.2

429.4153.0

3 122. 93 265. 1

or p. S-2e.re Sept. 1

lEffectiiwith earli

5,0594,6643,141

3 5, 145

2, 967. 9808.0

521.8119.1188. 2

74.8.2450

8, 669. 66, 467. 72, 942. 71, 639. 6

1,421.21,711.01,353.1

357.9472.0

596.7162. 7

334. 7273.1

2, 375. 1241.5175.8.3617

3,3262,4941,102

319.3550.4

431.31, 300. 2

142.2

23.485.4

48.3.1512

2 4, 37241,62425, 3183,315

r 85, 486r 60, 209

3,069' 22, 687

1. 6402

571.1

521.3277. 4

118.7229.2

1. 2 T c

966 and Jre 1966, eser data; s

504407

3,382

420

240.770.0

54.59.9

10.7

60.3.2450

730.1552.5253.7135.6

120.7137.9111.826.143.5

43.010.0

35.330.9

202.7183.8124.3.3615

26.243.6

27.5104.6

113. 1

21.298.8

48.1.1600

294,3632,058

2057,2455,170

78226, 3151.7424

49.9

35.314.0

10.518.7

)tal for

an. 1967timatesee note i

474386

3,609

444

252.369.0

52.510.713.0

67.7.2450

761.9585.5274.8131.0

126.4144.8117.127.747.4

50.113.0

31.527.5

188.3181.8124.5.3603

26.746.6

25.3111.6

111.1

23.999.0

46.3.1514

1,2244,0162,270

3357,5005,205

40824, 3851. 6928

51.5

32.826.3

9.718.9

11 mont

and are iare deri\Q Feb. 1

366422

3,365

478

245.066.0

51.712.715.7

63.1.2450

774.5594. 1275 0133 1

121.6152.9118.234.843.7

33.07.3

23.721 2

211.0212.6153.8. 3593

866650296

25.845.8

42.4108.2

114.6

25.898.8

42.1.1500

1002,5422,440

2807,4755,150

14524, 9701.6077

47.9

43.128.3

9.919.4

hs.

loted

967

427349

3,466

483

252 86l!o

37.211.713.2

70.0.2450

649. 1520. 1241. 1102,8

107.1136.0106.629.441.6

54.19.8

39.434.0

133.4250.3193.6.3602

24.838.4

32.392.4

119.2

25.6107.3

42.5.1500

2,8371,780

2706,3204,680

19723, 3801. 5987

45.7

26.521.6

9.718.9

SURVEFeb. 1and inABegiment s

431413

3,435

566

239.869.0

40.512.013.1

61.9.2450

762.0570.1259.4140.2

114.9135.0107.927.140.8

41.67.4

33.526.3

205.2254.8204.2.3596

27.844.5

40.3111.8

133 9

23.0104.8

45.3.1500

5664,2062, 145

2757,4255, 260

8023, 5801. 5642

49.7

70.923.8

9.318.6

Y- 01367 SURVcopper-lnning Atockpile

301393

3,282

518

245.971.0

39.69.5

16.4

62.2.2450

743.1549.8248.8146.0

116.6151.0116.934.237.6

54.69.2

21.617.5

211.6254.5195.2.3609

789573258

27.147.9

44.3109.6

145.1

22.098.8

44.7. 1500

1,0003,8162,180

2757,1905,150

29024, 2501. 5412

45.3

62.125.7

10.119.6

BeginninEY. a)ase seraag. 1964,

390414

3,219

405

258.476.0

36.68.1

18.7

65.8.2450

706.2523.4231.7147.3

124.4139.6106.333.334.9

55.518.5

21.918.3

212.3227.7180.0.3633

27.947.4

38.9116.7

144.0

21.891.9

47.4.1424

3362,8892,115

2756,9704,970

9324, 0751. 5451

44.1

39.227.4

9.419.7

g 1966,"Consuir3. §Stdata refl

404382

3,234

359

251.072.0

33.610.016.5

66.8.2450

685.5495.2216. 7142.1

120.2149.2117.631.637.2

75.228.0

14.010.3

210.2214.2155.1.3699

26.849.5

33.3117.0

140.3

25.388.5

46.8.1400

3123,9672,040

2556,8404,715

11623, 1051. 5422

42.9

48.026.7

10.319.3

,otal inciers' andocks reflect sales

345374

3,141

404

262.165.0

40.76.8

21.8

74.8.2450

700.4482.8218.1134.4

120.4161.1129.032.135.7

57.523.6

14.910.3

193.9241.5175.8.3624

809646268

26.844.2

47.0113.1

142.2

23.485.4

48.3.1400

2083,4181,910

2756,5954,535

24922, 5201. 5399

42.5

56.021.3

9.419.6

udes cosecondai3Ct surplto the in

307341

3,251

334

265.267.0

36.67.7

20.5

76.6.2474

727.6492.0224.9145.4

122.4148.9122.326.640.9

43.120.3

21.715.7

P 204. 5p 233. 9P 169. 4

.3787

25.345.4

45.3106.6

157.9

24.992.6

45.9.1400

173,662

-1,910265

7,0005,040

73722, 4001. 5388

43.6

47.927.2

9.119.1

}per noty smelteas tin mrcdustry o

325331

3,078

r335

243.6

32.76.5

24.9

69.1.2500

r 739. 8r 520. 0

239.2r 128. 4

117.8138.6111.527.133.1

58.4T 19.8

22.416.0

p 197. 8p 227. 1p 160. 6

.3810

'25.342.2

42.297.3

154.8

29.790.2

46.8.1400

3932,8831,855

265r 6, 720r 4, 875

422-20,665

1. 5438

43.7

51.211.1

8.718.9

previours' stockside availf metal r

489445

3,391

412

274.4

41.16.8

24.0

69.8.2500

766.5560.2243.2136.3

- 132. 9151.8124.926.941.0

42.613.3

32.724.9

P 217. Qv 242. 3p 177. 5

.3808

29.248.0

46.6110.9

154.8

29.598.6

46.3.1400

1224,268

7,2605,275

23520, 5001. 5371

48.626.9

472390

3,276

44.55.3

21.9

.2500

131.3138.3114.923.442.3

45.421.3

27.721.5

p 187. 0p 240. 8p 193. 6

.3817

36.2

154.7

.1400

5,350

209

1. 5333

46.814.9

.2500

"."3812"

.1400

1.5311

sly covered; see note inof lead in refinery shapes

ible to industry by CJSA-eleased from the Govern.




1965 1966

Annual

1966


1967


METALS AND MANUFACTURES—Continued

NONFERROUS METALS AND PROD.— Con.

Zinc— ContinuedSlab zinc:A

Production (primary smelter), from domesticand foreign ores thous. sh. tons-.

Secondary (redistilled) production doConsumption, fabricators' doExports _ . doStocks, end of period:

Producers', at smelter (AZI)cf doConsumers' . . do -

Price, prime Western (East St. Louis) .$ per lb_.

HEATING EQUIPMENT, EXC. ELECTRIC

Radiators and con vectors, shipments:Cast-iron mil so ft radiation\T on ferrous do

Oil burners:Shipments thousStocks end of period do

Ranges, gas, domestic cooking (incl. free-standing,set-in, high-oven ranges, and built-in ovenbroilers) , shipments thous- -

Top burner sections (4-burner equiv), ship. ..do

Stoves, domestic heating, shipments, total §_-doGas do

Warm-air furnaces (forced-air and gravity air-flow),shipments, total § thous

Q is doWater heaters gas shipments do

MACHINERY AND APPARATUS

Fans, blowers, and unit heaters, qtrly.:Fans and blowers new orders mil $TJnit-heater group new orders do

Foundry equipment (new), new orders, netmo. avg. shipments 1957-59=100--

Furnaces (industrial) and ovens, etc., new orders(domestic) net mil $

Electric processing doFuel-fired (exc. for hot rolling steel) do

Material handling equipment (industrial):Orders (new), index, seas, adj © 1957-59 = 100..

Industrial trucks (electric), shipments:Hand (motorized) numberRider-type do

Industrial trucks and tractors (internal combustionengines) shipments number

Machine tools:Metal cutting tools:

Orders new (net) total mil $"Domestic do

Shipments total doDomestic . _ _ _ _ _ _ _ - _ d o _ --

Estimated backlog, end of period months _ .

Metal forming tools:Orders, new (net), total... mil. $

Domestic doShipments, total do

Domestic doEstimated backlog, end of period months, _

Other machinery and equip., qtrly. shipments:Construction machinery (selected types), total 9

mil. $._Tractors tracklaying total doTractors wheel (con off-highway) doTractor shovel loaders (integral units only),

wheel and tracklaying types mil $Tractors, wheel (excl. garden and contractors'

off-highway types) mil $Farm machines and equipment (selected types),

excl tractors mil $ELECTRICAL EQUIPMENT

Batteries (auto, replacement), shipments^. _ t h o u s _ _Household electrical appliances:

Ranges, shipments (distributors'), domes-ticf thous

Refrigerators and home freezers, output1957-59 = 100--

Vacuum cleaners, sales billed thous .."Washers sales (dom and export) doDriers (gas and electric), sales (domestic and

export) . thous

Radio sets, production© doTelevision sets (incl. combination), prod.O. -doElectron tubes and semiconductors (excl. receiving,

power, and spec, purpose tubes), sales mil. $_.Motors and generators:

New orders index otrlv 1947 49 100New orders (gross) :

Polyphase induction motors, 1-200 hp mil. $. .D.C. motors and generators, 1-200 hp do

1994.4183.6

'1,354. 15.9

628.6151.9.1450

i 11.6115.3

i 564. 46 42 0

'2,115.9304.8

1 1,415.2994. 0

1, 566. 6U 228 72, 616. 4

208.666.9

322. 5

152.821.675.2

186. 3

8,2029,994

41,746

1,176.001 054 40

958. 60830. 55

7.6

319.30297. 75287. 85259. 80

9.9

U,722.4428. 3149.4

i 399. 1

830.0

1 053 6

30, 528

2, 022. 6

147.8i 5, 106. 914,347.1

12,098.4

24,11811,028

757. 0

215

210.144.6

1,038.172.4

1, 408. 31.4

64.0122.7.1450

7.57 90. 4

617.240.4

2, 153. 7234. 1

' 1,403. 4' 985. 9

'1,350.8'1, 036. 92, 488. 9

232.467.9

279.9

179.323.995.9

207.2

10, 39012, 404

47, 043

1, 531. 301 39'? 901,145.351, 028. 95

10.9

321 . 60291. 34331. 30312. 70

8.4

1,913.5488.9Ig9 3

419.0

1, 005. 9

1 220 0

32, 124

1,966.5

163.05, 582. 74, 406. 3

2, 360. 8

23, 59512, 402

1871.7

239

5113.351.3

87.05.7

119.1.1

33.2159.7.1450

.68.1

39.938.7

187.523.3

70.247.2

88.170.2

218.6

244. 6

25.63.4

16.4

196.8

907932

3,980

134. 50118.4086.0078.35

9.5

22.8021.8026.7025.30

9.6

1,772

191.5

192.6429.0351.6

128.0

1,824907

74.6

« 9.15.1

88.86.0

123.5(4)

39.9154.9.1450

.48.1

44.554.2

177.422.1

95.170.9

98.379.0

194. 1

227.6

11.72.05.4

198.3

8571,028

4,015

127. 65119. 5590.2079.25

9.7

31.1527.5527.4025.85

9.5

1,972

163.1

176.2397.6349.6

108.6

1,801874

74.3

59 .83.8

86.45.9

118.6.1

42.1147.3.1450

.58.6

52.658.7

208.325.2

92.869.8

105.684. 1

207.6

63.416.5

340.6

15.22.28.3

198.5

9031,081

4,305

135. 20123. 15112.00102. 35

9.8

39.1533.0030.6029. 35

9.5

564. 7139.450 9

123 0

280.0

340.3

2,106

162.4

181.0402.8413.9

144.8

3 2,0753 1,125

77.8

255

5 10. 13.9

83.35.9

97.8.1

48.9153.9.1450

.56.8

38.758.5

131.413.7

128. 199.4

104.282.2

210.9

319.5

15.83.57.6

204.8

660913

3,359

120. 75109. 1079.3072. 7010.2

27.9526.6024.0023.30

9.8

2,094

169.3

156.5414.6384.7

161.9

1,234586

57.8

« 8 . 24.5

82.65.9

124.0(4)

46.3145.0.1450

.710.6

66.254.8

173.219.5

169.7121.7

146.1112.3208.4

243. 9

15.51.69.3

216.4

719797

3, 598

113.05107. 1080.9574.4010.3

24.6522.7026.7024.40

9.7

2,880

173.5

118.4417.2446.5

262. 0

1,642920

72.7

» 9. 23.3

83 55.' 8

117.7.1

43.3139.4.1450

.98.6

62.853.5

181.620.9

209.3150.5

159.9115.2202.6

60.017 7

326.9

12.21.38.1

215.7

1,0321,127

4,161

137.70126.50104.0593.65

10.8

19.9017. 9529. 6027. 60

9.4

458 9

87.66.7

122. 1.3

47.5132.6.1450

.98.7

70.446.4

177.716.0

204.4139.2

160.5119.0222.5

379. 8

17.61.57.1

218.9

8611,149

3,829

128. 10121.10101. 8091.65

11.0

23.7520.9027.0525: 60

9.0

112.8 141.7

92 6

91.16.8

119.8.1

52.9126.9.1450

.67.3

61.443.7

181.916.4

148.8104.1

115.280.0

178.5

219.5

9.01.94.1

204.2

1,0311, 147

4,285

103. 5093. 2096. 6085. 20

11.1

24. 3022. 7528. 0026. 45

8.6

203.3

253.4

3,136

158.0

174.0545.3422.7

292.0

32,52131,289

80.0

236

59.83.8

3,642

153.3

196.5506. 9407.6

297.9

2,0911,124

72.5

5 10.54.5

3,596

147.1

143.9509.5304.6

201.6

2, 0751,165

69. 2

58.34.9

93.45.7

110.1

64.0122.7.1450

.4

46.940.4

164.315.6

75.151.6

86.464.5

176.4

54 217 2

317.1

10.71.32.9

212.8

1,0291,402

4,202

113. 10100. 80127. 05113.40

10.9

16.4513.9028.7527. 70

8.4

416.3114.530.5

92.8

253.5

268.1

3,312

131.7

119.0458.8245.3

201.9

32,33831,333

69.8

220

57.72.8

95.15.7

107.8.1

78.1'115.5

.1450

.56.5

46.843.4

138.712.3

56.133.2

88.168.3

216.6

8.9.8

4.1

212. 4

826886

3,465

88.5081.1086.4577.8010.5

13.8013.7025.7524.10

7.8

2 30. 4

84.15.4

104.8(4)

83.8105.3.1450

.65.5

' 40. 5'40.4

163.213.5

'74.1'44.6

'86.8'66.6

195.8

18.21.25.0

177.2

903976

3,417

95.3583.6594.2084.7510.5

17.5015.6529.1526.00'7 .6

' 2 29. 2

284.3

2,747

156.7

116.4454.9317.0

220.4

1,727853

63.7

59.14.5

' 2 86. 5

2,179

140.0

124.4444.3325.4

202. 2

1,4791,049

59.8

' 58 .25.0

.3

87.9

.1450

46.639.2

206.916.1

74.349.5

95.675.0

320.6

13.41.48.3

176.6

1,0241,374

3,985

' 99. 10' 87. 70'124. 45'108. 95' 10. 2

' 14. 40' 13. 65' 30. 60' 28. 40

* 7. 1

234.7

2 103. 4

2,306

135.3506.6397.2

186.2

n,77131,171

64.9

224

' 59 .24.1

.1

103.7

.1450

523.5

10.61.05.8

9971, 032

3,552

83.8576.2095.8585.2510.1

17.2513.8028.7027.70

6.7

113.4

.1356

125.4397.7272.5

119.3

1,466'680

59.14.3

1,583730

' Revised. l Revised total; monthly revisions are not available. 2 For month shown.3 Data cover 5 weeks; other months. 4 weeks. 4 Less than 50 tons. 5 Excludes or-

ders for motors 1-20 hp.; domestic sales of this class in 1966, $127.6 mil.; Apr. 1967, $10.0 mil.6 Reported yearend stocks. See BUSINESS STATISTICS note. 7 Total for 11 months.ASee similar note, p. S-33. tf Producers' stocks elsewhere, end of Apr. 1967, 21,500 tons.§For revised 1965 annual data and for monthly shipments beginning Jan. 1966, certain types

previously classified as heating stoves are included in warm air furnaces. ©EffectiveApr. 1967 SURVEY, data revised back to 1961 to incorporate new seasonal factors.

tRevised series. Data include factory distributing branches and direct factory shipmentsto retailers and other domestic customers; comparable Jan.-June 1965 sales appear in footnotein Sept. 1966 SURVEY. 9 Includes data not shown.

ISee note marked "V bottom of p. S-35. OSee note marked "O" bottom of p. S-35.




1965 1966

Annual Apr. May June July

1966

Aug. Sept. Oct. Nov. Dec.

1967


PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production thous. sh. tonsExports - - - - doPrice, wholesale, chestnut, f.o.b. car at mine

$ per sh. ton._Bituminous:

Production thous. sh. tons--

Industrial consumption and retail deliveries,total? thous. sh. tons_-

Electric power utilities doMfg. and mining industries, total do

Coke plants (oven and beehive) - - -do _

Retail deliveries to other consumers do

Stocks, industrial and retail dealers', end of period,totaL- thous. sh. tons_.

Electric power utilities doMfg and mining industries, total do

Oven-coke plants. . . .. - _ _ . . .. do.

Retail dealers _ _ _ _ __ do

Exports doPrices, wholesale:

Screenings, indust. use, f.o.b. mine$ per sh. tori-.

Domestic, large sizes, f.o.b. mine -_ _ do -

COKEProduction:

Beehive thous. sh. tonsOven (byproduct) ... . . doPetroleum coke§ . _ . . . _ _ do _ _

Stocks, end of period:Oven-coke plants, total. _ _do

At furnace plants doAt merchant plants- _ _. ... do

Petroleum coke . . . . . _ . _ _ . _ - doExports do

PETROLEUM AND PRODUCTS

Crude petroleum:Oil wells completed mini herPrice at wells (Okla. -Kansas)- _ . _$ per bblRuns to stills t mil. hbl._Refmerv operating ratio % of capacity. _

All oils, supply, demand, and stocks: JXew supply, total . _ .rail, bbl

Production:Crude petroleum _ . _ _ doXatural-gas liquids, benzol, etc do

Imports:Crude petroleum.-- . doRefined products do

Change in stocks, all oils (decrease,—) do

Demand, total _.doExports:

Crude petroleum.. - _ . _ . _ d oRefined products do

Domestic demand, total 9 doGasoline _ _ .. _ _ _ _ doKerosene do

Distillate fuel oil doResidual fuel oil __ _ . _ doJet fuel . .- _ _ _ - _. _ do

Lubricants doAsphalt ._- _ doLiquefied gases do

Stocks, end of period, total - doCrude petroleum doXatural-gas liquids. ._ .. doRefined products do

Refined petroleum products: IGasoline (incl. aviation):

Production _ doExports doStocks, end of period do

Prices (excl. aviation):Wholesale, ref. (Okla., group 3 ) . _ _ $ per gal--Retail (regular grade, excl. taxes), 55 cities

(1st of following mo.) $ per gal_.

14, 8661851

12.979

512, 088

459, 164242, 729196, 73294, 779

19, 048

77, 39353, 43723, 60310,506

353

i 50, 181

4.7946.926

1,65765,19817, 208

2,7012, 445

2561,478i 834

18, 7612. 92

3, 300. 887

4,190.9

2, 848. 5441.6

452.0448.7

-2.9

4, 193. 7

1. 167 2

4,125.51, 720 2

397.6

775. 8587.0

3 219 6

47. 1127 6

5 307. 1

836.3220.335.9

580. 2

1 704 43 4. 8

3 183 1

.113

.208

12, 951766

12. 824

532,000

486,498264, 202201,72295, 975

19, 965

74, 46652, 89521 3329, 206

239

49 302

4.9526.971

1 44365, 70017, 611

3,0302 822

2081,4591 102

2 16 0762.93

3, 447. 291

4, 446. 8

3 039 0468.7

447 1492.0

49.4

4, 397. 5

1.570 9

4, 325. 11 793 5

101 1

797 2626. 4244 4

48 9134 1323 9

885 7249 640 4

595 7

1 792 63 (5

194 9

.114

.216

1,28950

12. 005

30, 528

38, 04720, 32416, 5677 827

1. 102

68, 11546, 919°0 9938 640

203

3 937

4 8146 632

1085 4011 381

2 3459 172

1731 570

118

1 9742 92

271.787

30') i

949 '>38.8

36 537 6

11.0

351 1

.3t, 8

344. 9147 3

6 1

03 349. 191 5

4 48 1

24 0

817.0949 330.6

537 1

140 19

°07 9

.113

.212

1 23262

12. 005

46.074

37,42019, 97216,6608, 272

706

69, 76148, 60520 9188,485

238

4 238

4.9866.614

1135, 6741,448

2, 1662,009

1571,563

146

1,3802.92

290.190

373.7

259. 839.4

37.337.2

30.2

343.6

(4)5 5

338.1153.7

5.9

53.243.220 3

4.412 122.9

847.2255.636.4

555. 2

147.7, 1

203 6

.113

.218

1 196101

12. 005

45,702

37, 99421, 26916, 1498,159

498

73, 17350, 58922 304

9,078

280

5 038

4.9866.695

1215, 5281,419

2,0801,939

1411, 552

109

1 5442 92

285.692

365. 7

251 537.9

39.037.4

9.5

356.3

.16 1

350'. 1165 4

4.9

48 544.420 7

4 217 '?•21 6

856. 6259 741.4

555 5

146 84

185 9

.118

.218

87652

12. 005

35,071

39,24022, 96215,7368 224

474

65, 34446, 42418 6"6 683

298

4 038

4.9866.795

1025 6821 470

2 2582 061

1971 589

77

1 3939 Q9

299.893

371 9

256 338.9

39.137.6

30.3

341.6

9

6 1335. 3159 6

4.6

43.343.017.7

4. 117. 521.7

886.9254. 4

46.3586. 2

156.0.4

183.3

.118

.218

1,19053

12.355

50, 965

39,81822, 68416,1198,329

938

68, 55848, 79319 4507 265

315

5 156

4.9906.953

1405 7141,530

2 4382 228

2101,556

68

1 5972.92

297.992

377.4

257.039.3

41.539.7

14.6

362. 8

5 9356. 8164. 5

5.9

51.345. 119.5

4.319.623.5

901.5254. 150.6

596.8

157. 2.4

177. 0

. 118

.221

1,04087

12. 840

47, 243

38,48620, 99015, 9928,073

1,432

72, 47151,98120 1837 632

307

5 070

4.9907 259

1425 5121 405

2 5752 356

2201 506

100

1 1982 99

290.193

358 2

248 838.0

36 035 4

13.7

344 4

. l6 9

337.4149 9

7 5

50 442. 191 1

4 016 524 1

915 3248 1

52.4614 8

151 34

179 7

. 118

.219

1,12491

12. 985

48, 990

41,27922, 00917,1718,213

2,023

75, 33654, 52020 5258,180

291

4 877

5.0317. Oil

1415,6041,478

2 6352 498

2071,484

96

1 4892.98

295.491

373 5

259 340.4

36 037.7

12.9

360.6

. 16 0

354.5150 9

7 9

58 647.322 9

4 315 827 1

928.2247 352.2

628 7

155 53

185 2

.115

.219

1,02544

13.475

46, 791

42, 05222, 43317, 3797 947

2,163

75, 53454, 40920 8458 568

980

4 240

5 1137 056

1355 4251 5189 8212 691

2001 459

95

1 2852 98

280.990

366 5

252 840.0

34 439 2

-10.7

377 2

.15 7

371.4148 010 7

74 753.021 5

3 09 2

31 2

917 4959 9

47 9616 6

149 34

187 9

.115

.220

1,00337

13.475

48,324

45, 39524, 60218, 1457 997

2, 628

74,46652. 89521 332

9 206

239

3 175

5 1297 143

1265 4821 573

3 0309 822

2081 459

95

1 7922 98

298.392

383 3

263 841.6

39 045 9

-31.7

415 0

16 0

408.9150 313 0

92 962 923 0

4 04 8

35 3

885 7249 640 4

595 7

156 12

194 2

.113

. 221

82960

13.475

47, 000

45, 02324, 72317,6897,946

2,610

74, 95151, 30721 4259 244

219

2 6"

5.1227 162

1195 4531 537

3 9493 018

231r 1 489

76

9502 98

293.8r 91

405 4

265 643.5

41 155 2

1.4

403 9

(4)

5 7398.2137 313 6

92 570 521 9

3 84 7

35 5

887 1261 935 g

589 g

154 33

912 4

.113

.220

66935

13. 475

42, 390

'41,51722, 758

' 16, 209T 7, 258

2,550

•70, 19649, 583

r2() 439r 9, 364

174

3 610

5. 1227. 162

934 9961 341

3 3883 156

2321 474

68

1 3039 98

268. 492

356 5941 539.9

•>q 946 4

-18.4

374 9

6 6368. 3198 919 4

89 1f>9 8•>0 i

3 03 1

30 9

868 79 63 633 3

571 8

136 44

99 1 9

.115

.227

85941

13,475

'47,670

r41,71122, 910

r!7, 117T 7 979

1,680

"71,23150, 702

r9Q 380r 9 491

149

3 102

5 1167 197

r §9

r ty g^2

3 5973 973

9 54

67

3 00

. 120

.227

1 03237

r 44, 730

37, 38020, 95515, 6457 617

729

74, 71453, 70220 8649 847

148

4 193

625 317

3 7303 465

265

58

.225

1 195

48, 880

. 224' Revised. p Preliminary. i See note "Q" for p. S-21. 2 Reported total, monthly

revisions not available. 3 Beginning Jan. 1965, gasoline excludes special naphthas; aviationgasoline represents finished grades only (alkylate excluded); commercial jet fuel (formerlyincluded with kerosene) is included with jet fuel. 4 Less than 50,000 bbis. 5 BeginningJan. 1965, data include demand for liquid refinery gases formerly shown under petrochemicalfeedstocks; comparable 1964 total, 295.1 mil. bbls. 9 Includes data not shown separately.

§Includes nonmarketable catalyst coke. {Revisions for Jan.-Oct. 1964 will be shownlater.

FOOTNOTES FOR ELECTRICAL EQUIPMENT, P. S-34.IData reflect adjustment to the 1963 Census of Manufactures; revisions back to 1963 are

available.O Radio production comprises table, portable battery, auto, and clock models; television

sets cover monochrome and color units.


S-36 SUEVEY OF CUERENT BUSINESS June 1967


1965 1966

Annual

1966


1967


PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products— ContinuedAviation gasoline:

Production mil. bblExports _ _ doStocks, end of period. _ __ do

Kerosene:Production doStocks, end of period. . doPrice, wholesale, bulk lots (N.Y. Harbor)

$ per gal .Distillate fuel oil:

Production mil. bblImports doExports . doStocks, end of period. doPrice, wholesale (N.Y. Harbor, No. 2 fuel)

$ per galResidual fuel oil:

Production mil. bblImports doExports doStocks end of period doPrice, wholesale (Okla., No. 6) $ per bbl

Jet fuel (military grade only) :Production mil. bblStocks end of period do

Lubricants:Production doExports doStocks end of period doPrice, wholesale, bright stock (midcontinent,

f o b Tulsa) $ per galAsphalt:

Production mil bblStocks end of period do

Liquefied petroleum gases:Production doTransfer from gasoline plants doStocks (at plants, terminals, underground, and

at refineries) end of period mil bbl

Asphalt and tar products, shipments:Asphalt roofing total thous souares

Roll roofing and cap sheet doShingles, all types do

Asphalt siding doInsulated siding doSaturated felts thous sh. tons

1 48 61 4 2'8.3

1 94.51 24. 1

.098

765 413.03.8

155.4

.090

268.6345.2

14.956.21.83

1 191.21 18 7

62.916 613.3

270

123 616 2

56.1200 2

32 0

72, 33828, 29344, 044

628590980

41 23 27 8

102 125 0

.104

785 813 84 5

154. 1

.094

264 0376.8

12.961 21.62

215. 519 4

65.417 112 7

270

129 617 3

60.1215 1

37 7

69, 36328, 91740, 446

554496880

3 02

9.0

7.019.6

.102

60 41.4.3

91.0

.092

20.528.6

.846.21.55

17.618 7

5.31.4

13.1

.270

10 326.8

4.914.9

25.4

5,4482,0283,420

383873

3 3.1

8.1

7 421.3

.102

63 81.2.3

102.5

.092

20.526.71.1

49.51.55

18.519.6

5.61.2

13.1

.270

11 426.5

5.313.8

32.1

6,1002,2633,838

384675

3 24

7.2

7 223.5

.102

62 11 8.3

117.7

.092

19 627.81.1

51 71.55

18 619 8

5. 11 5

12 5

.270

13 823 6

4.913 3

37 4

8 1273,0505,077

485499

3 54

7 0

8 127.1

.102

67 31.1.3

142.5

.092

21.627.1

.956.91.55

17.823 0

5.81 7

12.5

.270

14 120.9

5.113.2

43.1

6 5402,5823,958

445277

3 64

7 2

9 030 3

.102

69 21 0

3161. 1

.092

20 927.4

.959 61.55

16.323 7

5.81 3

12.6

270

14 816.9

5.014.3

47.7

7,1613,0334,128

605980

3 5.4

7.3

7.730.4

.105

65.91.1.4

177.4

.095

20.425.01.4

61.61.55

17.722 6

5.41 7

12 4

270

14 215 3

4.615 8

49 8

7,1943,1074,087

626077

3 6.3

7.4

7 830.4

.105

66 61.4.2

186.6

.095

21.228.9

.864.01.55

19.521 1

5.81 7

12.2

.270

12 913 3

4.818 8

49 6

6,7833,0993,684

685576

3 54

7 1

8 227 9

.105

63 293

175.8

.095

21 731.2

. 763 51.65

19.620 8

5.21 5

13.0

.270

10 014.4

4.822.2

45 2

5, 1422,4412,702

534166

3 72

7 8

10 125 0

.107

69 91 6

4154 1

097

25 336 11 l

61 21 65

19 619 4

5 21 5

12 7

270

7 517 3

5. 125 8

37 7

3 5551,7731,782

372253

3.3.3

8.2

10.121.5

.107

68 61 1

1131 3

097

25 444 31.6

59 11.65

19 419 4

5 51 2

13 1

270

6 920 4

5 525 4

32 5

3 4221,6521,770

311661

3 14

8.3

9 218.3

. 109

61 99

.3104.7

.099

23 238.31.4

56 61.50

20.020 7

5.01 4

13.7

.270

5 723 0

5.122.0

29 9

3 6801,5062,174

312058

.109

099

1.45

.270

* 5, 337r 2, 232' 3, 106

r 41

25'73

6,0862,3483,738

343471

PULP, PAPER, AND PAPER PRODUCTS

PULPWOOD AND WASTE PAPER

Pulpwood:Receipts -.. thous. cords (128 cu. ft.)Consumption doStocks, end of period do

Waste paper:Consumption thous sh tonsStocks end of period do

WOODPULPProduction:

Total all grades thous sh tonsDissolving and special alpha doSulfate doSulfite do

Groundwood doDefibrated or exploded... _ doSoda, semichem., screenings, etc do

Stocks, end of period:Total all mills do

Pulp mills. ._ doPaper and board mills . . doNonpaper mills do

Exports, all grades, total doDissolving and special alpha .... doAll other. do

Imports, all grades, total _ doDissolving and special alpha doAll other. do

PAPER AND PAPER PRODUCTS

Paper and board:Production (Bu. of the Census):

Paper . _ _ _ doPaperboard doWet-machine board doConstruction paper and board . do

2 53,7362 52,8282 6, 410

2 10,2972 620

2 33,9212 1, 482221,4732 2, 692

2 3, 5322 1, 6472 3, 094

75924143682

31,4023 535

897

3,127280

2,847

*A f\AQ

19,11320, 866

1453,925

58, 88155, 3826,059

10, 159682

35, 7361,557

22, 3532,804

3 9621,5303,421

72925838784

1,572563

1,009

3,355293

3,065

Afi ^ft

23, 22822, 483

1383,709

4,5124,6425,260

871486

2,964132

1,854239

331133275

683243361

79

15346

108

25420

234

3 9381,697

12349

4,5694,7945,001

899488

3,102134

1,945256

338133297

70025036981

1404793

28724

263

4 0341,718

12339

4,9574,6645,313

894511

3,017140

1,898236

322134286

71623339391

1325478

30028

272

3 9961,6991, 946

12339

4,7724,5645.453

746562

2,904115

1,847220

318131273

74624940889

1212497

27926

254

3 6771,586

9313

5, 0204,7925,639

893576

3, 130134

1,980243

341132300

77526641891

1234281

32029

290

4 0971,727

12323

4,7304,4185,908

837596

2, 820118

1, 752228

319131273

74325239892

1464997

25822

236

3 7801,658

12307

4,8274,9785,829

877622

3,133131

1,970245

353136299

77329638691

1094267

29017

274

4 0901,783

12304

4,4974,6465,703

814648

3,047132

1,923243

334113300

76029238286

1364788

28221

261

3 8591,692

11275

4,7164,3666,059

752682

2,801116

1,753209

322119281

72925838784

1334290

29335

258

3 6121,6261 7d9

12232

4,7594,8445,835

808650

3,076134

1.944230

348132288

75128937983

1033964

28720

267

3 9141,7741 ftfiS

12260

4,5264,4546,020

770'616

2,897110

1,849221

322124271

778323379

76

1133875

26119

242

3 6841,6541 753

11266

5, 1054,8016,286

'829'640

3, 129139

1,981238

345132294

-805322

76

1728389

29725

273

* 4 015r 1, 794T j gQg

r 13r 313

p4, 361p4, 759p5, 994

p797P629

3,065106

1,967233

337131290

p786324

P 74

1283692

24520

226

p3 876pi, 724P! 850

p l lp 291.

r Revised. p Preliminary. : See note 2 for p. S-35. 2 Reported annual total;revisions not allocated to the months. 3 See note "O" for p. S-21.


June 1067 SUEVEY OF CUEKENT BUSINESS S-37


1965 1966

Annual

1966


1967


PULP, PAPER, AND PAPER PRODUCTS— Continued

PAPER AND PAPER PRODUCTS— Con.

Paper and board— ContinuedNew orders (American Paper Institute) :§

All grades, paper and board thous. sh. tons_Wholesale price indexes:

Printing paper 1957-59—100Book paper A grade doPaperboard doBuilding paper and board do

Selected types of paper (API):§Fine paper:

Orders new thous. sh tonsOrders unfilled end of period do

Production doShipments do

Printing paper:Orders new doOrders unfilled end of period do


Coarse paper:Orders new doOrders unfilled end of period do


Newsprint:Canada-

Production doShipments from mills doStocks at mills, end of period. do

United States:Production _ doShipments from mills_ _ doStocks at mills, end of period do

Consumption by publishersd" doStocks at and in transit to publishers, end of

period thous sh tons

Imports doPrice, rolls, contract, f.o.b. mill, freight allowed

or delivered $ per sh. ton. _

Paperboard (American Paper Institute): AOrders, new (weekly avg.)_- thous. sh. tonsOrders, unfilled, end of period. _ _ _ . doProduction, total (weekly avg.) do

Percent of activity (based on 6.5-day week)Paper products:

Shipping containers, corrugated and solid fiber,shipments^ mil sq ft surf area

Folding paper boxes, shipments, index of physicalvolume 1947-49=100-.

44, 296

101.4110.696.493.0

2,429150

2,4102,413

6,198510

5,9935,993

4,590210

4,5914,564

7,7207,747

150

2,1802,183

19

6,387

573

6,323

132. 40

i 4171796

41090

148, 471

128.2

46, 886

101.7115.197.192.8

2,637159

2,6412,623

6,711553

6,5116,514

4,723200

4,6964,704

8,4198,385

184

r 2, 408' 2, 405

21

6,898

681

6,991

136. 23

44972444592

160, 152

134.1

3,998

101.4113.597.192.6

233172

228228

551598

534534

417256

394399

702732272

19219120

576

641

570

134. 40

453973450

94

13, 182

' 128.9

4,042

101.4114.697.292.6

231177

222222

579614

557557

387245

405398

735777230

205207

17

628

668

607

134. 40

4691,025

46697

13, 471

••132.9

4,025

101.9114.697.292.6

230189

227227

580626

556556

390240

397396

698687241

20520418

573

677

632

138. 40

45299945794

13, 672

' 142.9

3,703

101.9115.697.292.9

211186

201208

546656

513513

369215

365370

703666278

19418626

522

688

494

138. 40

391999410

84

12,371

' 123. 6

4,036

101.9116.797.293.0

233185

226228

555621

561561

398234

399397

730709299

21120730

547

729

587

138. 40

44997545092

14, 036r 145. 1

3,791

101.9116.797.292.7

204168

216210

563610

547547

374227

389388

677703272

192195

27

582

737

624

138. 40

42993743590

14, 227

' 143. 4

4,077

101.9116.797.293.0

223169

235227

562583

571571

392214

399395

726717281

21121028

641

700

605

138. 40

46194346395

14, 353

' 140. 6

3,742

101. 9116.797.293.1

208160

224223

515543

543543

392205

392394

714738258

21421528

626

705

601

138. 40

44288346394

13, 798r 132. 8

3,582

101.9116.797.292.7

202159

214205

556553

539542

382200

372381

6677401S4

'198'205

21

593

681

577

138. 40

412731423

84

12, 982

140.1

' 4, 113

101.9116.797.392.4

230164

^237231

'581'581

558'558

'392'212

'400'397

698612270

22720939

542

682

563

138. 40

45674840491

12, 298

124.6

' 3, 752

101.9116.797.392.4

'215'158

'222' 223

'495'595

'519'519

'394'225

'433'387

659602327

21219951

511

672

500

138. 40

45172045592

12,098

122. 4

p 3, 985

101.9116.797.392.3

p 241p 168

p 227p 239

p 570p 493

p 575p 493

p 394p 208

p 401p 408

695653369

22522551

585

676

549

138. 40

45070545391

14, 056

141.7

670692348

22322154

609

654

528

45969545290

12, 747

»129. 8

13, 999

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

Consumption thous Ig tonsStocks, end of period doImports , incl. latex and guayule doPrice, wholesale, smoked sheets (N.Y.)__$ per l b _ _

Synthetic rubber:Production thous Ig tonsConsumption doStocks, end of period. - - doExports. _ do

Reclaimed rubber:Production _ doConsumption. _ . doStocks, end of period- do

TIRES AND TUBES

Pneumatic casings, automotive:Production. thous

Shipments , total doOriginal equipment . doReplacement equipment doExport do

Stocks , end of period doExports (Bu. of Census) do

Inner tubes, automotive:Production. doShipments _ doStocks, end of period _ . doExports (Bu. of Census) do

514 71100. 01445 32

.257

'1 813 23r\ 540 n

311 952 281 78

280. 29269 54

30 16

167 854

169, 06058 280

107, 9052 875

37 0162 2 381

41 34°41 93611,839

2 1 189

' 554 13' 82. 87431 66

.236

'1 969 97'1 666 06'348 69

308 44

'277.36' 964 51' 32 29

177 169

173, 46454 680

116, 3482 436

42 5692 051

42 76544 22211,9961 100

T 4(5 4090.3444 33

.244

'165 56'139 87316 02

26 11

' 23. 19' 22 57

29 99

15 317

16, 2245 253

10, 734237

40 775175

3 5913 724

10, 699125

' 46 8891.4538 45.241

'165 69'136 78

322. 0224 07

' 24. 05' 22 18

30 79

14 885

14, 6904,9039,587

200

41 214220

3 5333 336

11, 039126

' 47 5390.8442 40.236

'161 53'139 27

323. 9624 59

' 24. 66' 22 90

32 18

14 473

16, 2204,900

11,161159

39 601147

3 6693 770

11,10780

' 37 7292.7725 94

.234

'155 49'112 43342 7128 01

' 18. 67' 17 65

32 41

12 187

12, 9012 446

10, 292163

39 166151

3 1853 402

11,11996

' 46 7988.7538 05

.230

'160 55'136 50338. 9125 39

' 22. 93' 20. 87

32 41

13 959

12, 6212 066

10, 358197

40 856153

3 3013 399

11,16374

' 47 9486.6230 69

.223

'164 18'142 60

337. 2225 18

'21.83'21.76

30 72

14 809

16,0154,684

11,133199

39 565166

3 7433 739

11,065102

' 48 8987.5934 22.219

'168 11'151 70334 99

24 39

' 24. 02' i:>3 83

30 6?

15 869

16,5585 269

11,020269

39 093161

3 7733*834

11,276104

' 46 5786.6934 59

.223

'170 91'142 76

340 4024 10

'21.94T 20 88

30 36

15 000

13, 8585 1718,511

176

40 393181

3 4903 l>28

11,70486

' 42. 43' 82. 87

29 54.220

'166.83'140. 16

348. 6923 37

' 22. 72' 20. 71'32 99

14 483

12, 3884 6297, 564

196

42 569165

3 4343 219

11, 99685

45.2595.0339.37.219

164 54146 33352. 2826 26

22.2121.6631 00

15 058

13, 1664 1438, 845

178

44 678123

3 4964* 630

10, 84668

42.68' 98. 07

33.06.208

'150 19133 78

'347.5525 24

20.7320.33

' 30 82

14 147

11,3533,2347,898

222

47 594115

3 3853 312

10, 94755

' 48. 11104. 1551.75

.206

164. 73'146 32344. 21

25. 07

23. 32' 21. 58

31.63

15, 070

14, 4344,4559,782

198

48 273156

3 8533 798

11,050101

38.47109. 1833.58.208

155 09127 42338. 2622.81

17.9819.3330 48

147

108

.208

' Revised. r> Preliminary. 1 Beginning Jan. 1965, monthly data are 4-week averagesfor period ending Saturday nearest the end of the month. Annual data for new orders are52-week averages: those for unfilled orders are as of Dec. 31. 2 See note "O" for p. S-21.

cTAs reported by publishers accounting for about 75 percent of total newsprint consumption.tRevisions for Jan. 1964-Feb. 1965 will be shown later. §Formerly American Paper andPulp Association. AFonnerly National Paperboard Association.


S-38 SURVEY OF CUERENT BUSINESS June 1967


1965 1966

Annual

1966


1967


STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Shipments, finished cement thous. bbl

CLAY CONSTRUCTION PRODUCTS

Shipments:Brick, unglazed (common and face)

mil. standard brickStructural tile, except facing thous sh tonsSewer pipe and fittings, vitrified doFacing tile (hollow) , glazed and unglazed

mil. brick equivalentFloor and wall tile and accessories, glazed and un-

glazed mil sq ftPrice index, brick (common), f.o.b. plant or

N.Y. dock._ .. 1957-59 = 100

GLASS AND GLASS PRODUCTS

Flat glass, mfrs ' shipments thous $

Sheet (window) glass, shipments doPlate and other flat glass, shipments do

Glass containers:Production thous gross

Shipments, domestic, total doGeneral-use food:

Narrow-neck food doWide-mouth food (incl. packers' tumblers,

jelly glasses and fruit jars) thous gross

Beverage doBeer bottles . _ _ d oLiquor and wine _ _ . do_ _

Medicinal and toilet doChemical, household and industrial doDairy products do

Stocks, end of period do

GYPSUM AND PRODUCTS (QTRLY)

Crude gypsum, total:Imports thous sh tonsProduction do

Calcined, production, total do

Gypsum products sold or used, total:Uncalcined uses doIndustrial uses doBuilding uses:

Plasters:Base-coat doAll other (incl Keene's cement) do

Lath mil sq ftWallboard doAll other do

1 374, 086

8, 089. 1313 3

1 732 2

326 9

283 4

108 4

354 308

140 559213 749

202 050

195 924

21 548

53 742

20 28336 13417 273

38 7976 8821 265

26 945

5 91110 035

9 320

4 580319

828976

1 3688 083

271

380, 665

7,606. 2267 4

1 610 3

308 1

272 7

111.5

343 138

136 785206 353

211 764

204 093

21 605

51 941

27 09838 89517 608

39 9925 8131 141

30 084

5 4799 635

8 258

4 697322

6786 904

1 0896 930

228

30 883

745.622 7

146.4

28 3

24 6

110 9

17 567

16 578

1 717

3 851

2 2663 3041,469

3 366502103

31 977

35 330

753.821 2

148.4

26 2

24 2

111. 1

18, 370

17, 460

1,713

4 142

2,5613,5491,539

3,35951681

3? 814

41, 724

812.324 5

174 4

29 2

26 1

111.8

86 554

34 40152, 153

18 996

19 337

1 653

4 568

3 3504,1971, 540

3 427'510

92

31 892

1 4872 678

2 305

1 43082

191238

3161 996

76

37 941

709.323 2

159 0

27.1

21 8

111.9

18, 027

17,125

1,578

3 957

3,2364,1901,120

2 575393

76

32 408

43,176

746.924.9

159.8

28.7

23 7

111.9

19,821

19 768

2 533

4 963

2,5793,8931,507

3 646544103

31,926

38, 672

636.723 2

148.2

26 3

22 3

111.9

80, 852

34, 08846, 764

17, 163

18, 878

2,767

4,936

2,2873.0501,506

3,669546117

29, 684

1,7062,535

2,111

1,33980

185252

2941,828

55

38, 400

615.925 2

139.2

25 2

20 8

112.1

18, 392

15, 981

1,760

4,433

1,5332,7591,757

3,22742686

31,735

29, 195

544.021.6

115.4

23 7

20 3

112 9

16, 064

15 971

1 478

4 378

2,0162,7871,617

3 153448

94

31, 280

21,044

408.820 490.7

99 9

18 9

112.2

87, 930

34 75553, 175

15, 609

16 197

1 403

4,025

2,6773,2341,368

2,958424108

30, 084

1,2532,177

1,768

1,07280

136206

2151,483

43

18, 457

410.618. 182.9

22.0

18.9

112.4

17, 119

15, 271

1,448

4,329

1,8522,6921,338

3,093442

77

31, 500

17, 066

' 369. 821.0

'72.1

' 15.3

19.1

112.9

16, 852

15, 010

1,651

4,079

1,9182,6311,291

2,865497

78

32, 964

24, 758

564.524.4

123. 2

19.2

29 9

112.9

76, 736

28, 38848, 348

'18, 040

'18, 485

r 2, 056

' 4, 432

' 2, 763' 3, 885'1,682

3,06950593

'31, 943

19, 205

17, 480

1,802

3,991

2,7883,9231,494

2,993425

64

33, 462

TEXTILE PRODUCTS

WOVEN FABRICS

Woven fabrics (gray goods), weaving mills: fCloth woven total 9 mil linear yd

Cotton doManmade fiber do

Stocks total end of period 9 cf doCotton doManmade fiber do

Cotton _ doManmade fiber do

COTTON

Cotton (exclusive of linters):Production:

GinningsA thous running balesCrop estimate, equivalent 500-lb. bales

thous balesConsumption doStocks in the United States, total, end of period

thous. bales..Domestic cotton, total d o _ _ _

On farms and in transit doPublic storage and compresses do

Foreign cotton, total _ do

13 0379 2623,517

1 139676442

4 1403,023

999

14 916

14 9569 296

23, 78523, 6802,533

19 619

105

12 6898 8663 571

1 306766521

3 *?222,408

746

9 557

9 5699 647

20, 43820, 359

1,29417,639

79

1 008700285

1 053614414

4 6623*4731 080

758

19,54219, 460

35417, 360

1 74fi82

1 019701294

1 045607416

4 7143,5041 099

769

18,62918, 553

37716, 524I fiCO

76

2 i 2372 8562 353

1 084620444

4 4533,3051 046

2953

17, 46717,396

14715,761

1 AQQ

71

824557249

1 175656501

4 5003, 3021 105

10

622

16, 86216, 801

18815, 2741 339

62

1 010712279

1 194703473

4 1353,124

925

396

769

26,90226, 80311,31814,1771 308

99

21 21028542335

1 180673489

3 8832,952

855

1,341

2932

25, 20225, 1099,993

14, 0121 104

93

1 001705280

1 219702500

3 7°72,839

821

5,008

781

23,61523, 535

6, 54515, 8731 117

80

1,001722265

1 257730509

3 3822,533

783

8,755

759

21,90421,8222,255

18, 2291 338

82

2 1, 0812 7782285

1 306766521

3 2222,408

746

3 9, 204

-'852

20, 43820, 359

1,29417, 6391 4 96

79

940667254

1 333785528

3 2092,423

718

4 9, 526

770

19, 07018,9911,099

16, 2621 630

79

'953673

'262

' 1 311786

'505

' 3 0592,251'737

749

17, 74717, 669

85314, 9421 874

78

2 1, 15828232312

1,303782500

3 0492,290

687

5 9, 557

2906

16, 56516, 496

73013, 7791 987

69

748

15, 56615, 505

85112, 6641 990

61

' Revised. 1 Beginning Jan. 1965, excludes finished cement used in the manufacture of pre-pared masonry cement (2,734 thous. bbls. in 1964); annual totals include revisions not distrib-uted to the months. 2 Data cover 5 weeks; other months, 4 weeks. 3 Ginnings to Dec. 13.4 Ginnings to Jan. 15. s Crop for the year 1966. e Includes revisions not distributedto the quarters, f Data shown here are not strictly comparable with those for earlier periodsfor the following reasons: Beginning Jan. 1964, fabric classifications were revised and manmadefiber drapery fabrics were added; beginning Jan. 1966, data reflect further changes in reportingclassifications, principally cotton blends.

9 Includes data not shown separately.cf Stocks (owned by weaving mills and billed and held for others) exclude bedsheetmg,

toweling, and blanketing, and billed and held stocks of denims. Effective Aug. 1965, stockscover additional manmade fiber fabrics not previously included.

II Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; productionand stocks exclude figures for such finished fabrics. Orders also exclude bedsheetmg,toweling, and blanketing. ATotal ginninzs to end of month indicated, except as noted.




1965 1966

Annual

1966


1967


TEXTILE PRODUCTS—Continued

COTTON— Continued

Cotton (exclusive of linters)— ContinuedExports thous balesImports doPrices (farm), American upland, cents per IbPrices middling 1", avg 15 markets do

Cotton linters:Consumption thous balesProduction doStocks, end of period __ _ do

COTTON MANUFACTURES

Spindle activity (cotton system spindles):Active spindles, last working day, total mil..

Consuming 100 percent cotton doSpindle hours operated, all fibers, total-- bil

Average per working day doConsuming 100 percent cotton _do

Cotton yarn, natural stock, on cones or tubes:Prices, f.o.b. mill:

20/2 carded weaving? $ per Ib36/2 combed knitting§ do

Cotton cloth:Cotton broadwoven goods over 12" in width:

Production (qtrly ) mil lin vdOrders, unfilled, end of period, as compared with

avg weekly production No weeks' prodInventories, end of period, as compared with

avg weekly production No weeks' prodRatio of stocks to unfilled orders (at cotton

Mill margins _ cents per l b _ _Prices, wholesale:

Denim mill finishedS cents per ydPrint cloth 39 inch 68 x 72 doSheeting class P> 40-inch 48 x 44 48 do

MANMADE FIBERS AND MANUFACTURES

Fiber production qtrly total mil IbFilament varn (rayon and acetate) doStaple, incl. tow (rayon) doNoncellulosic, except textile glass:

Yarn and monofilamcnts* doStaple incl tow* do

Textile glass fiber do

Exports:Yarns and monofilaments thous. lb_.Stanle tow, and tops do

Imports:Yarns and monofilaments _ doStaple, tow, and tops .do

Stocks, producers', end of period:Filament yarn (rayon and acetate) mil. lb-_Staple, incl. tow (rayon) _ _ _doNoncellulosic fiber, except textile glass:

Yarn and monofilaments* doStaple incl tow* do

Textile glass fiber do

Prices, manmade fibers, f.o.b. producing plant:Staple' Rayon (viscose) 1 5 denier $ per Ib

Yarn* Rayon (viscose), 150 denier do

Manmade fiber and silk broadwoven fabrics:

Filament yarn (100%) fabrics 9 doChiefly rayon and/or acetate fabrics doChiefly nylon fabrics do

Spun yarn (100%) fabrics (except blanketing) 9mil lin yd

Rayon and/or acetate fabrics and blendsdo

Polyester blends with cotton doCombinations of filament and spun yarn fabrics

mil lin ydExports piece goods thous so yd

WOOLWool consumption, mill (clean basis):

Apparel class. mil. IbCarpet class. do

Wool imports, clean yield* doDuty-free (carpet class)* . do

Wool prices, raw, clean basis, Boston:Good French combing and staple:

Graded territory, fine $ per lb_.Graded fleece, % blood do

Australian, 64s, 70s, good topmaking do

WOOL MANUFACTURESKnitting yarn, worsted, 2/20s-50s/56s, American

system wholesale price 1957 59 — 100Woolen and worsted woven goods, exc. felts:

Production (qtrly ) mil lin ydSuiting, price (wholesale), flannel, men's and

boys', f.o.b. mill 1957-59-100__

3 79599

1 28.01 29. 6

1 4061 635

734

18.914 7

128.0.493

102.9

699891

9,238

20 3

4 5

03

3 37. 51

34 918 617 5

3 532 2825.0648.0

997 7779 2282 3

6 99, 9236 50 763

15,690130, 108

59.855.8

109 396 732 2

9g

8580

3 926 2l' 640 6

855 8303 9

1 534 6

643 3713 5

519 48 167 083

274.7112 3271.6108 9

1.2491.1921.156

107 8

9Q7 3

100.2

3 597100

1 3661 419

725

19.515 1

132.1.509

102.4

.949

8 846

18 4

4.5

25339.39

35 818 718 0

3 860. 1799.8659.2

1 164 7904 0332.4

98, 72255 522

16, 571177, 570

67.370.1

'•150. 2129.842.5

2880

.80

4 200 71 575.5

733.8334.7

1 909. 1

627 21 049.2

481.2173 701

266.6103.6277.2114.6

1.3491,1711. 259

108 2

265 2

102.7

1776

28.229 5

123113848

19.214 710.5.5258 0

657939

22 6

3 8

1738.71

35 618 818 0

8,5094 902

1 13221,488

58.853.5

2884

'so

14 600

23.48.5

26.99.5

1.3501.2251.275

110 2

102.7

2141

28 429 6

12087

804

19.314 710 7.5368 2

667946

22 6

3 8

1738.72

36 9

18 818 0

9,2095 506

1,75213, 654

57.653.5

9g

8480

13 958

23.08 5

23.18.3

1.3751.2251.275

109 1

102.7

1764

29.329.6

2 13858

711

19.314 8

2 12.9.515

2 9. 9

667.954

2,287

21 7

3 8

1738.72

36 218 818 0

'996 9198.8172.8

'291 *>250 084.1

8,2625 104

1,79513, 825

55.054.7

r 117 8109 723 3

28*84.80

1 091 4405 8187 183 2

497 8

164 0274 0

127 814 222

228.12 9. 625.711.4

1.3751.1831.275

109 7

74 2

102.7

1429

29.729.6

9137

641

19.314 88.6

.4306.6

667959

28 7

5 0

1738.75

36 218 818 0

7, 2904 394

1,19814, 308

63.765.9

9884

.80

19 745

18.95.8

21.412.5

1.3951. 1751.275

109 7

102.7

34139

« 21. 2°22. 0

10442

584

19.515 110.6.5308.2

962

20 2

3 8

1840.40

36 218 818 1

7, 0564 025

1,84317, 303

66.570.9

2884so

12 821

22.18 3

26.416 1

1.3951.1651.275

109 1

102.7

3487

21.221.9

2 12363

527

19.615 1

212.9.514

210.1

.962

2,083

19 8

3.8

1840.60

36 218 818 1

T 980. 7201.7168.5

r 302 9"2 485.2

7,4845 165

1,41612,411

66.874.5

r 137. 1136 329 3

2875

.81

998 0382 2178.286 8

444 0

145 8239 5

114.614 061

222.62 9 518.79.3

1.3901.1201.275

108 0

61 8

102.7

30611

22.421.8

105153567

19.515. 110.5.5278.3

.960

18 6

3.9

21

40.67

36 218 818 3

7,8895,779-

92313, 349

65. 670.7

287281

15 227

17.78.6

14.75.0

1.3601.0981.275

106 5

102.7

5183

21.921.8

93168636

19.515. 110.2.5087.9

.953

17.6

4.1

.2340.41

36.218 318.3

7,5334,162

1,60011,910

64.464.4

2872

.81

15 062

16.17.7

15.97.0

1.3251.0971.275

103 4

102.7

607(4)22.021.9

293158725

19.515.1

211.3.45328.8

.953

2, 181

18 4

4 5

2539. 54

36 218 318 3

r 943. 1197.6150.9

' 298. 5210 8'85.3

8, 6097, 608

1,58714, 246

67.370.1

'150.2129 842 5

.2872

.81

1 006 0368.3169.980.6

467.8

154 7255.0

112.817 Q71

2 18.92 7 . 819.38.6

1.3251.0751.225

102 8

54 7

103.2

458

19.822.0

91152778

19.815.310.1.5037.8

.951

16. 1

4.3

.2639.12

8,0696,514

2,2379,563

70.2'74.5

72.81

18.57.1

16.57.0

1.2881 . 0501.188

100 7

102.7

4585

20.722.0

89111810

19.815.310.0.4997.8

.945

14.9

4.2

.2938.88

18.4

8,1017,034

3,35713, 600

68.680.1

72.81

18.46.1

13.14.2

1.225.975

1.175

100.1

102.7

4015

20.522.1

2 105'113'828

19.815.3

211.9.4772 9 . 3

.940

14.5

4.4

.32

38.61

935.1181.3155. 3

298. 2224. 3

76.0

7,4536,314

1,90814,488

63.382.8

163. 9121.246.8

79.81

' 2 22. 126.817.65.7

1.213.945

1.175

98. 2

102. 7

2883

20.422.2

9466

831

20.015.310.0.5017. 7

38.13

5 56. 6s 42. 7

7,4926,290

1,57410, 674

59.480.8

18.97.0

13.93.2

1.175.918

1. 125

19.722.2

37.50

1.175.895

1.125

' Revised. i Season average. 2 For 5 weeks, other months, 4 weeks. 3 Marginsthru July 1966 reflect equalization payments to domestic users (Aug. 1965-July 1966, 5.75cents per pound). < Less than 500 bales. 5 For month shown. 6 See "O," P- S-21.° Reflects decrease in the 1966 national average loan rate.

§Data beginning Aug. 1965 for knitting yarn, May 1966 for weaving yarn, and Aug. 1966for denim are not strictly comparable with earlier prices.

ARevised data (1963-66) appear in U.S. Dept. Agriculture May 1967 COTTON SITUATION.9 Includes data not shown separately.*New series. Sources: Polyester staple price, U.S. Dept. Labor; wool imports, U.S. Dept.

Agriculture from Bureau of the Census records (such imports exclude animal hairs): Dataare available as follows: Price, back to 1955; noncellulosic yarn and staple—production to1951; stocks, to 1953; wool imports, to 1948.




1965 1966

Annual

1966


1967


TEXTILE PRODUCTS—Continued

APPAREL

Hosiery, shipments thous. doz. pairsMen's apparel, cuttings:?

Tailored garments:Suits thous. unitsOvercoats and topcoats do

Coats (separate) , dress and sport doTrousers (separate) , dress and sport do

Shirts (woven fabrics), dress and sportthous doz

Work clothing:Dungarees and waistband overalls doShirts do

Women's, misses', juniors' outerwear, cuttings:}Coats thous unitsDresses doSuits do

Skirts do

194 753

21 8553 980

12 291142 348

28 211

4 869

3 906

25 274282 07111 859

18 0728 876

210 425

20 7153 799

13 148145 673

27 827

5 9094 096

24 595'271, 107

10 510

r 15 3(57lo' 225

16 003

1 848351

1,21412 763

2 446

471369

1 53926, 834

709

1 365872

15 495

1,812357

1, 15213 106

2 371

464352

1 55024 138

792

1 180956

18 952

1 858384

1 13913 446

9 341

487356

2 25722 800

899

1 326977

15 794

1,073252

6929 741

1 604

380272

9 14417, 677

852

1 9891 075

20 527

1 762373

1,09913 521

2 178

584348

2 45121 897

881

1 163929

19 095

1,688414

1,06413 122

2 373

520354

2 10921 523

791

1 238824

19, 938

1,826330

1, 07911 846

2 392

53333?

2 40123 144

918

1 196992

20, 096

1,736283

1,05511 649

2 446

520331

2 16820,784

932

1 055764

15 873

1, 436238

1,08010 491

2 207

591288

1 68018,311

762

777523

18, 323

1,462226

1,10311 271

2 382

512365

2 07522,292

984

1 151756

19, 296

r 1, 537

227

' 1, 055'11,262r 2, 477

r 523'372

T 1 91824, 592

'881

' 1 205'710

19,234

1,728317

1,16213, 063

2,463

615408

1,28728, 904

822

1 178784

17,856

TRANSPORTATION EQUIPMENT

AEROSPACE VEHICLES

Orders, new (net), qtrly. total mil. $U S Government do

Prime contract doSales (net) receipts or billings Qtrly total do

U S Government do

Backlo^ of orders, end of period 9 doU S. Government do

Aircraft (complete) and parts doEngines (aircraft) and parts doMissiles, space vehicle systems, engines, propul-

sion units, and parts mil $Other related operations (conversions, modifica-

tions) products services mil $

Aircraft (civilian)' Shipments© do

Exports mil $

MOTOR VEHICLES

Factory sales, total thous__Domestic do

Passenger cars, total _doDomestic do

Trucks and buses, total .doDomestic do

Exports:Passenger cars (new) assembled doPassenger cars (used) _ _ doTrucks and buses (new), assembled _ _ d o _ _ -Trucks and buses (used) doTruck and bus bodies for assembly* do

Imports:Passenger cars (new) complete units doPassenger cars (used) doTrucks and buses, complete units do

Shipments, truck trailers:Complete trailers and chassis _ number

Trailer bodies, chassis, sold separately doRegistrations :O

New passenger cars._ -thousForeign cars. _ . do

New commercial cars (trucks) do

RAILROAD EQUIPMENT

Freight cars (ARC I):

Equipment manufacturers, total _..doRailroad shops, domestic do

New orders _ _ d o _ _ .Equipment manufacturers, total doRailroad shops domestic do

Unfilled orders, end of period doEquipment manufacturers, total doRailroad shops, domestic do

Passenger cars: Shipments. . .doUnfilled orders, end of per_-_do

Freight cars (revenue), class 1 railroads (AAR):§

Held for repairs % of total ownedCapacity (carrying), aggregate, end of period*

mil. tons--Average per car tons__

22, 18114 57120, 09917 01612 535

?0 38313 6958 8852 502

5 481

1 855

1 59° 039 200

473 o

11,057.410 716 69 305. 69 100 71 751.81 615 9

3105 03i 10. 42

1 3 59. 67i 5 77i 7 99

559 438. 007.60

103, 756

14, 653

9,313.9569.4

1 528.9

53, 39224, 504

88, 28865, 61722 671

45. 26632, 87312 393

20114

4 1 4gl

' 5 3

* 88. 204 59. 58

27 70116 69224 62420 20814 519

27 80016 04414 6513 894

4 636

9 450

2 087 040 QOO

553 7

10, 329. 59 943 58, 598. 38 336 91 731.21 606 6

177 5812.7278.646 79

10 70

858 155. 75

42.96

113, 545

18, 402

5 9,008. 55 658. 1

5 1,610.4

' 67, 74422, 405

' 101, 401' 74, 661' 26 740

56, 61840, 42616 192

1583

1 4974 8

91.5861.19

198 34 26561 8

963.2935 5811.0793 9152.3141.6

10 371.076.08

6587

49 41.47

1.47

10,968

975

822.655.6

148.6

7 9A9

5,6891,573

'11,922' 7, 767

4, 155

59, 65245, 21914, 433

020

4 1 4844 9

* 89. 004 59. 97

224 84 80941.3

948.8921 1787.8771 2161.0149.9

9 921.216.36

5695

74 06.57

2.22

10, 1366 ^ 7 01,895

777.250.6

144.0

7 ôo5, 4732, 027

' 9, 530' 8, 833

697

61, 59648, 47813,118

070

1 4865 0

89.3060.08

5 7883 Oil5 1715 0063 560

22 93813 80910 9393 022

4 538

2 360

169 8

54 4

985.9959 2818 6809 5167 3156 7

7 491.127.27

701 07

80 77.38

4.06

10, 690

1,719

752.552.6

137.4

5,3072,201

5,7344,6581 076

60, 37848, 34112, 037

070

1 4874 9

89.5760.23

148 63 1 Ofi

31 3

625. 3605 6488.4480 0136.9125 6

5 70.97

7.835784

69 34.46

4.07

7,763

1,591

832. 759.0

151.0

(\ 7QQ

4,8201,979

'6,017' 4, 279

1,738

59. 87448, 08211, 792

664

1 4874 9

89.7160.34

161 73 372

44 6

211.9196 3143.8136 468.159.9

4 611.156.41

5152

47 53.20

4.05

8,8356 9391,793

743. 658. 1

141.6

0 00 C

6, 2512, 134

8,3915, 1543, 237

59, 75046, 86112. 889

659

1 4895 0

90.0360.48

9,0875 6?18 3665 0993 734

26 86815 73613 8873 750

4 778

9 363

149 43 44899 9

747.2709 9621.8592 4125.5117. 5

19 18.83

5.245974

77 38.51

2.02

9,7906 Ann1,406

573. 864.4

121.9

' 5, 9921,454

'7,173' 5, 405

1,768

59, 50846, 40713, 101

356

1 4895 0

90.2060. 59

148 43 040

66. 6

985. 3936 9835.3797 7150.0139 3

97 (54.90

6.3549

1 00

73 38.58

3.26

9, 6036 468

975

766. 764.7

128.0

r 7 7Q7

' 6,5131,284

5,9665,218

748

57, 88345, 32812, 555

056

1 4915. 0

90.5060.71

159 33 38423.5

980.7928.5832.6791.2148.1137.2

28 31.81

5.9855

1 01

78 69.30

3.91

8,7945 9611,454

732.151.7

120.1

7 3685,7571,611

6,2094,4661,743

56, 43743, 78112, 656

083

1 4914 7

90.7160. 82

6,3864 1605 8545 4363 910

27 80016 04414 6513 894

4 636

2 450

198 24 01953.7

923.6878 1775.1740 5148.5137.6

30 31.91

7.234270

108 55.22

10.43

8,3765 6021,222

808. 256. 3

136.8

r S n44

' 6, 0871,957

' 8, 401' 2, 889

5,512

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083

1 4974 8

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797.3758.1651.2625.0146.1133.1

21.96.89

7.08.46.88

102. 30.21

6.70

8,0845 2741,827

616.146.4

113.2

7 2175,9291,288

2,0551,743

312

51, 45038, 94312, 507

083

1,4965.0

91.7261.31

141.23 01653.3

660.2628.0525.6501.9134.6126.2

14.19.84

6.57.51

1.09

79.52.33

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8,3225 9531,658

538.945.2

108.9

8 1016,0482,053

3,3582,908

450

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083

1,4985.1

91.9961.42

261.85 13478.7

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31.41.96

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7.28

no, inT 6 309'2,377

670.857.5

132.2

9 1567,0542,102

5,0283, 8241,204

' 42, 055' 32, 049

10, 006

083

1,4985.0

92.2561.60

231.84,40862.3

792.1749.4659.8628.3132.3121.1

26.69.81

7. 75.57

1.19

66.97.21

6.06

7,9934 8343,407

786.163.3

144.6

8 3116,4661,845

1,7281, 444

284

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083

1,4995.1

92. 5161. 72

2 909. 8

2 750. 5

2 159. 3

' Revised. l See note "O" for p. S-21. 2 Preliminary estimate of production.3 Beginning Jan. 1965, data exclude exports of incomplete (unassembled) vehicles.4 See note " §." 5 Annual total includes revisions not distributed by months.tMonthly revisions for 1963-65 are available upon request.9 Total includes backlog for nonrelated products and services and basic research.©Data include military-type planes shipped to foreign governments.

*New series. Monthly data prior to 1965 are available upon request.©Courtesy of R. L. Polk & Co.; republication prohibited.§ Excludes railroad-owned private refrigerator cars and private line cars. ûcunw.

1966, data include cars owned by three class II roads (over 2,600 cars end of Apr. 1966). Also,change in definition of class 1 railroads, as stated in 1965 BUSINESS STATISTICS note, is reflected

Effective Apr.

in figures beginning Dec. 1965, instead of Jan. 1965.


INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40

SECTIONS

General:

Business indicators 1-7Commodity prices 7,8Construction and real estate 9,10Domestic trade 10-12

Employment and population 12-16Finance 16-21Foreign trade of the United States 21-23Transportation and communications 23,24

Industry:

Chemicals and allied productsElectric power and gasFood and kindred products; tobacco.Leather and products

Lumber and productsMetals and manufacturesPetroleum, coal, and products.. . .Pulp, paper, and paper products..

Rubber and rubber productsStone, clay, and glass products. . .Textile productsTransportation equipment

2526

26-3030,31

3132-3435,3636,37

3738

38-4040

INDIVIDUAL SERIESAdvertising 10,11,16Aerospace vehicles 40Agricultural loans 16Air carrier operations 23Aircraft and parts 3, 6,13-15,40Alcohol, denatured and ethyl 25Alcoholic beverages 8,10,26Aluminum 23,33Apparel 1, 3,4,7,8,10-15,40Asphalt and tar products 35,36Automobiles, etc 1,3-8,10,11,13-15,19,22,40

Balance of international payments 2Banking 16,17Barley 27Battery shipments 34Beef and veal 28Beverages 4,8,10, 22, 23, 26Blast furnaces, steel works, etc 5,6,13—15Bonds, outstanding, issued, prices, sales, yields.... 18-20Brass and bronze 33Brick 38Broker's balances 20Building and construction materials 5,

6,8,10,31,36,38Building costs 9,10Building permits 9Business incorporations (new), failures 7Business sales and inventories 4,5Butter 27

Cans (tinplate) 33Carloadings 24Cattle and calves 28Cement and concrete products 8-10, 38Cereal and bakery products 8Chain-store sales, firms with 11 or more stores. . . 12Cheese 27Chemicals 4-6,8,13-15,19,22, 23, 25Cigarettes and cigars 8, 30Civilian employees, Federal 14Clay products 8, 38Coal 4, 8,13-15,22,24, 35Cocoa 23,29Coffee 23,29Coke 24, 35Communications 2,13-15,20,24Confectionery, sales 29Construction:

Contracts 9Costs 9,10Employment hours, earnings, wages 13-16Fixed investment, structures 1Highways and roads 9,10Housing starts 9New construction put in place 9

Consumer credit 17,18Consumer expenditures 1Consumer goods output, index 3, 4Consumer price index 7Copper 23, 33Corn 27Cost of living (see Consumer price index) 7Cotton, raw and manufactures 7,8,22, 38, 39Cottonseed cake and meal and oil 30Credit, short- and intermediate-term 17,18Crops 3,7,27,28,30,38Crude oil and natural gas 4,13-15,35Currency in circulation 19

Dairy products 3, 7, 8, 27Debits, bank 16Debt, U.S. Government 18Department stores . 11,12,17Deposits, bank 16,17,19Disputes, industrial 16Distilled spirits 26Dividend payments, rates, and yields 2, 3,18-21Drug stores, sales 11,12

Earnings, weekly and hourly 14-16Eating and drinking places 11,12Eggs and poultry 3,7,29Electric power 4,8,26Electrical machinery and equipment 3,

5,6,8,13-15,19,22,34Employment estimates 12-14Employment Service activities 16Expenditures, U.S. Government 18Explosives 25Exports (see also individual commodities).... 1, 2,21-23Express operations 23

Failures, industrial and commercial 7Fans and blowers 34Farm income, marketings, and prices 2,3,7Farm wages 16Fats and oils 8,22, 29,30Federal Government finance 18Federal Reserve banks, condition of 16Federal Reserve member banks 17Fertilizers 8,25Fire losses 10Fish oils and fish 29Flooring, hardwood 31Flour, wheat 28Food products 1,4-8,10,11,13-15,19,22,23,27-30Foreclosures, real estate 10Foreign trade (see also individual commod.) 21-23Foundry equipment 34Freight carloadings 24Freight cars (equipment) 4,40Fruits and vegetables 7,8,22Fuel oil 35,36Fuels 4,7, 8, 22, 23, 35, 36Furnaces 34Furniture 3,4,8,11-15,17Furs 23

Gas, output, prices, sales, revenues 4,8,26Gasoline 1, 35,36Glass and products 38Glycerin 25Gold 19Grains and products 7,8,22,24,27,28Grocery stores 11,12Gross national product 1Gross private domestic investment 1Gypsum and products 8,38

Hardware stores 11Heating equipment 8, 34Hides and skins 8, 30Highways and roads. . .• 9,10Hogs 28Home electronic equipment 8Home Loan banks, outstanding advances 10Home mortgages 10Hosiery 40Hotels 14,15,24Hours of work per week 14Housefurnishings 1,4, 7,8,10-12Household appliances and radios 4,8,11, 34Housing starts and permits 9

Imports (see also individual commodities) 1,Income, personalIncome and employment tax receiptsIndustrial production indexes:

By industryBy market grouping

Installment credit 12,Installment sales, department storesInstruments and related products 3,5,Insurance, lifeInterest and money ratesInventories, manufacturers' and trade 4-6,Inventory-sales ratiosIron and steel 3, 5,6,8,10,13-15,19,22, 23,

Labor advertising index, disputes, turnoverLabor forceLamb and muttonLard.Lead.

22,232,318

3,43,4

17,1812

13-1518,19

1711,12

532, 33

1612282833

Leather and products 3,8,13-15, 30, 31Life insurance 18,19Linseed oil 30Livestock 3,7,8,24, 28Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) 10,16,17, 20Lubricants 35,36Lumber and products 3,8,10-15,19, 31

Machine tools 34Machinery 3, 5,6,8,13-15,19,22,34Mail order houses, sales 11Manmade fibers and manufactures 8, 39Manufacturers' sales (or shipments), inventories,

orders 4-6Manufacturing employment, production workers,

payrolls, hours, earnings 13-15Manufacturing production indexes 3, 4Margarine 29Meat animals and meats 3, 7,8,22, 23,28Medical and personal care 7Metals 3-6,8,13-15,19,22,23,32-34Milk 27Mining and minerals 2-4,8,13-15,19,20Monetary statistics 19Money supply 19Mortgage applications, loans, rates 10,16,17Motor carriers 23,24Motor vehicles 1, 3-8,10,11,13-15,19,22,40Motors and generators 34

National defense expenditures 1,18National income and product 1,2National parks, visits 24Newsprint 23,37New York Stock Exchange, selected data 20,21Nonferrous metals 3,8,19, 22,23,33,34Noninstallment credit 17,18

Oats 27Oil burners 34Oils and fats 8,22,29, 30Orders, new and unfilled, manufactures' 6Ordnance 13-15

Paint and paint materials 8,25Panama Canal traffic 24Paper and products and pulp 3,

5,6,8,13-15,19,23,36,37Parity ratio.Passports issuedPayrolls, indexesPersonal consumption expenditures.Personal incomePersonal outlays.

724141

2,32

Petroleum and products 4-6,8,11,13-15,19,22,23,35,36

Pig iron 32Plant and equipment expenditures 2,20Plastics and resin materials 25Population 12Pork 28Postal savings 17Poultry and eggs 3, 7,29Prices (see also individual commodities) 7,8Printing and publishing 4,13-15Profits, corporate 2,19Public utilities 2-4,7-9,13-15,19-21Pullman Company 24Pulp and pulpwood 36Purchasing power of the dollar 8

Radiators and convectors 34Radio and television 4,10,11,34Railroads 2,13,14,16,20,21,24,40Railways (local) and bus lines 13-15,23Rayon and acetate 39Real estate 10,17,18Receipts, U.S. Government 18Recreation 7Refrigerators and home freezers 34Rent (housing) 7Retail trade 4, 5,7,11-15,17,18Rice 27Roofing and siding, asphalt 36Rubber and products (incl. plastics) 4-6,

8,13-15,23,37

Saving, personal, 2Savings deposits 17Securities issued 19,20Security markets 20,21Services 1, 7,13-15Sheep and lambs 28Shoes and other footwear 8,11,12, 31Silver 19Soybean cake and meal and oil 30Spindle activity, cotton 39Steel (raw) and steel manufactures 32,33Steel scrap 32Stock prices, earnings, sales, etc 20,21Stone, clay, glass products 3-5,8,13-15,19, 38Stoves and ranges 34Sugar 23,29Sulfur 25Sulfuric acid 25Superphosphate 25

Tea imports 29Telephone, telegraph, cable, and radiotelegraph

carriers 13-15,24Television and radio 4,10,11, 34Textiles and products. . 3, 5,6,8,13-15,19,22, 23,38-40Tin 23, 33Tires and inner tubes 8,11,12,37Tobacco and manufactures 4-8,10,13-15,30Tractors 22, 34Trade (retail and wholesale) 4, 5,11,12Transit lines, local 14,15,23Transportation 1,2,7,13-15,23,24Transportation equipment 3-6,13-15,19,40Travel 23,24Truck trailers 40Trucks (industrial and other) 34, 40

Unemployment and insurance 12,16U.S. Government bonds 16-18,20U.S. Government finance 18Utilities 2-4,9,13-15,19-21,26

Vacuum cleanersVariety storesVegetable oilsVegetables and fruitsVeterans' benefits

34. 11,12

307,8,22

. 16,18

Wages and salaries 2, 3,14-16Washers and driers 34Water heaters 34Waterway traffic 24Wheat and wheat flour 28Wholesale price indexes 8Wholesale trade 4, 5,7,13-15Wood pulp 36Wool and wool manufactures 7, 8,23, 39

Zinc 33,34


UNITED STATESGOVERNMENT PRINTING OFFICE

DIVISION OF PUBLIC DOCUMENTS

WASHINGTON, D.C. 20402

OFFICIAL BUSINESS

POSTAGE AND FEES PAIDU.S. GOVERNMENT PRINTING OFFICE

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Volume 47 Surrey of Current Business Numbers 1-6

First-Half 1967 Indexof Special Articles and Features

SPECIAL ARTICLES

No. PageThe Economy in 1966 1 1National Income and Product in 1966 1 3Prices—Finance—Employment 1 17The Balance of Payments 1 24Sources and Uses of Funds of Foreign Affiliates

of U.S. Firms, 1965 1 27Federal Programs in Fiscal Year 1968 2 11Business Investment Sales Expectations for 1967. 3 8

The Balance of Payments, Fourth Quarter 1966.State Personal Income in 1966Revised Estimates of GNP by Major Industries.Personal Income in Metropolitan Areas: A New

SeriesU.S. Residents Spent $4 Billion on Foreign Travel

Last YearU.S. Balance of Payments in the First Quarter of

1967

No.344

Page149

18

18

13

17

FEATURES

Suspension of Tax Credit and Accelerated De-preciation: Estimated Impact on Investment..

Distribution of Personal Consumption Expendi-tures

Manufacturers' Inventory and Sales Expecta-tions, First Half of 1967

First Quarter 1967 GNPPrice Developments

No.

2

2

344

Page

5

6

616

The Copper SituationPlant and Equipment Expenditures by Foreign

Affiliates of U.S. Firms—Revised Estimatesfor 1966 and 1967

Corporate Output, Prices, Costs, and Profits. . . .Plant and Equipment Expenditure Anticipations.Manufacturers' Inventory and Sales Expecta-

tions, Second and Third Quarters of 1967

No.5.

Page1

9137

11

LATEST SUPPLEMENT—The National Income and Product Accounts of the United States,1929-1965: Price $1

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