erp1994 appendixes 2
TRANSCRIPT
Appendix BSTATISTICAL TABLES RELATING TO INCOME,
EMPLOYMENT, AND PRODUCTION
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CONTENTS
NATIONAL INCOME OR EXPENDITURE:Page
B-l. Gross domestic product, 1959-93 268B-2. Gross domestic product in 1987 dollars, 1959-93 270B-3. Implicit price deflators for gross domestic product, 1959-93 272B-4. Fixed-weighted price indexes for gross domestic product, 1987
weights, 1959-93 274B-5. Changes in gross domestic product and personal consumption ex-
penditures, and related implicit price deflators and fixed-weighted price indexes, 1960-93 276
B-6. Selected per capita product and income series in current and1987 dollars, 1959-93 277
B-7. Gross domestic product by major type of product, 1959-93 278B-8. Gross domestic product by major type of product in 1987 dollars,
1959-93 279B-9. Gross domestic product by sector, 1959-93 280B-10. Gross domestic product by sector in 1987 dollars, 1959-93 281B-ll. Gross domestic product by industry, 1947-91 282B-12. Gross domestic product by industry in 1987 dollars, fixed 1987
weights, 1977-91 283B-13. Gross domestic product of nonfinancial corporate business, 1959-
93 284B-14. Output, costs, and profits of nonfinancial corporate business,
1959-93 285B-15. Personal consumption expenditures, 1959-93 286B-16. Personal consumption expenditures in 1987 dollars, 1959-93 287B-l7. Gross and net private domestic investment, 1959-93 288B-18. Gross and net private domestic investment in 1987 dollars, 1959-
93 289B-19. Inventories and final sales of domestic business, 1959-93 290B-20. Inventories and final sales of domestic business in 1987 dollars,
1959-93 291B-21. Foreign transactions in the national income and product ac-
counts, 1959-93 292B-22. Exports and imports of goods and services and receipts and pay-
ments of factor income in 1987 dollars, 1959-93 293B-23. Relation of gross domestic product, gross national product, net
national product, and national income, 1959-93 294B-24. Relation of national income and personal income, 1959-93 295B-25. National income by type of income, 1959-93 296B-26. Sources of personal income, 1959-93 298B-27. Disposition of personal income, 1959-93 300B-28. Total and per capita disposable personal income and personal
consumption expenditures in current and 1987 dollars, 1959-93 301B-29. Gross saving and investment, 1959-93 302B-30. Personal saving, flow of funds accounts, 1946-93 303B-31. Median money income (in 1992 dollars) and poverty status of
families and persons, by race, selected years, 1971-92 304
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POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:Page
B-32. Population by age group, 1929-93 305B-33. Population and the labor force, 1929-93 306B-34. Civilian employment and unemployment by sex and age, 1947-93 308B-35. Civilian employment by demographic characteristic, 1954-93 309B-36. Unemployment by demographic characteristics, 1954-93 310B-37. Civilian labor force participation rate and employment/popula-
tion ratio, 1948-93 311B-38. Civilian labor force participation rate by demographic character-
istic, 1954-93 312B-39. Civilian employment/population ratio by demographic character-
istic, 1954-93 313B-40. Civilian unemployment rate, 1948-93 314B-41. Civilian unemployment rate by demographic characteristic,
1950-93 315B-42. Unemployment by duration and reason, 1950-93 316B-43. Unemployment insurance programs, selected data, 1962-93 317B-44. Employees on nonagricultural payrolls, by major industry, 1946-
93 318B-45. Hours and earnings in private nonagricultural industries, 1959-
93 320B-46. Employment cost index, private industry, 1979-93 321B-47. Productivity and related data, business sector, 1947-93 322B-48. Changes in productivity and related data, business sector, 1948-
93 323
PRODUCTION AND BUSINESS ACTIVITY:B-49. Industrial production indexes, major industry divisions, 1947-93 .. 324B-50. Industrial production indexes, market groupings, 1947-93 325B-51. Industrial production indexes, selected manufactures, 1947-93 326B-52. Capacity utilization rates, 1948-93 327B-53. New construction activity, 1929-93 328B-54. New housing units started and authorized, 1959-93 330B-55. Business expenditures for new plant and equipment, 1947-94 331B-56. Manufacturing and trade sales and inventories, 1950-93 332B-57. Manufacturers' shipments and inventories, 1950-93 333B-58. Manufacturers' new and unfilled orders, 1950-93 334
PRICES:B-59. Consumer price indexes for major expenditure classes, 1950-93 335B-60. Consumer price indexes for selected expenditure classes, 1950-93. 336B-61. Consumer price indexes for commodities, services, and special
groups, 1950-93 338B-62. Changes in special consumer price indexes, 1958-93 339B-63. Changes in consumer price indexes for commodities and services,
1929-93 340B-64. Producer price indexes by stage of processing, 1947-93 341B-65. Producer price indexes by stage of processing, special groups,
1974-93 343B-66. Producer price indexes for major commodity groups, 1950-93 344B-67. Changes in producer price indexes for finished goods, 1955-93 346
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MONEY STOCK, CREDIT, AND FINANCE:Page
B-68. Money stock, liquid assets, and debt measures, 1959-93 347B-69. Components of money stock measures and liquid assets, 1959-93.. 348B-70. Aggregate reserves of depository institutions and monetary base,
1959-93 350B-71. Commercial bank loans and securities, 1972-93 351B-72. Bond yields and interest rates, 1929-93 352B-73. Total funds raised in credit markets by nonflnancial sectors,
1984-93 354B-74. Mortgage debt outstanding by type of property and of financing,
1940-93 356B-75. Mortgage debt outstanding by holder, 1940-93 357B-76. Consumer credit outstanding, 1952-93 358
GOVERNMENT FINANCE:B-77. Federal receipts, outlays, surplus or deficit, and debt, selected
fiscal years, 1929-95 359B-78. Federal receipts, outlays, and debt, fiscal years, 1982-95 360B-79. Federal budget receipts, outlays, surplus or deficit, and debt, as
percentages of gross domestic product, 1934-95 362B-80. Federal and State and local government receipts and expendi-
tures, national income and product accounts, 1959-93 363B-81. Federal and State and local government receipts and expendi-
tures, national income and product accounts, by major type,1959-93 364
B-82. Federal Government receipts and expenditures, national incomeand product accounts, 1976-93 365
B-83. State and local government receipts and expenditures, nationalincome and product accounts, 1959-93 366
B-84. State and local.government revenues and expenditures, selectedfiscal years, 1927-91 367
B-85. Interest-bearing public debt securities by kind of obligation,1967-93 368
B-86. Maturity distribution and average length of marketable interest-bearing public debt securities held by private investors, 1967-93 369
B-87. Estimated ownership of public debt securities by private inves-tors, 1976-93 370
CORPORATE PROFITS AND FINANCE:B-88. Corporate profits with inventory valuation and capital consump-
tion adjustments, 1959-93 371B-89. Corporate profits by industry, 1959-93 372B-90. Corporate profits of manufacturing industries, 1959-93 373B-91. Sales, profits, and stockholders' equity, all manufacturing corpo-
rations, 1952-93 374B-92. Relation of profits after taxes to stockholders' equity and to
sales, all manufacturing corporations, 1947-93 375B-93. Sources and uses of funds, nonfarm nonfinancial corporate busi-
ness, 1947-93 376B-94. Common stock prices and yields, 1955-93 377B-95. Business formation and business failures, 1950-93 378
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AGRICULTURE:Page
B-96. Farm income, 1940-93 379B-97. Farm output and productivity indexes, 1948-91 380B-98. Farm input use, selected inputs, 1948-92 381B-99. Indexes of prices received and prices paid by farmers, 1950-93 382B-100. U.S. exports and imports of agricultural commodities, 1940-93 383B-101. Farm business balance sheet, 1950-92 384
INTERNATIONAL STATISTICS:B-102. International investment position of the United States at year-
end, 1984-92 385B-103. U.S. international transactions, 1946-93 386B-104. U.S. merchandise exports and imports by principal end-use cate-
gory, 1965-93 388B-105. U.S. merchandise exports and imports by area, 1984-93 389B-106. U.S. merchandise exports, imports, and trade balance, 1972-93 390B-107. International reserves, selected years, 1952-93 391B-108. Industrial production and consumer prices, major industrial
countries, 1967-93 392B-109. Civilian unemployment rate, and hourly compensation, major in-
dustrial countries, 1967-93 393B-110. Foreign exchange rates, 1969-93 394B-l l l . Growth rates in real gross domestic product, 1975-93 395
NATIONAL WEALTH:B-112. National wealth, 1946-92 396B-113. National wealth in 1987 dollars, 1946-92 397
SUPPLEMENTARY TABLE:B-114. Selected historical series on gross domestic product and related
series, 1929-58 398
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General Notes
Detail in these tables may not add to totals because of rounding.Unless otherwise noted, all dollar figures are in current dollars.Symbols used:
p Preliminary.Not available (also, not applicable).
Data in these tables reflect revisions made by the source agencies fromJanuary 1993 through early February 1994.
267Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
NATIONAL INCOME OR EXPENDITURE
TABLE B-l.—Gross domestic product, 1959-93
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or quarterGross
domesticproduct
Personal consumption expenditures
Total Durablegoods
Non-durablegoods
Services
Gross private domestic investment
Total
Fixed investment
Total
Nonresidential
Total Struc-tures
Pro-ducers'durableequip-ment
Resi-dential
Changein
busi-nessinven-tories
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 "
1982: IV..1983: IV..1984: IV..1985: IV..1986: IV..1987: IV..1988: IV..1989: IV..
1990:1II
IV
1991:1.IIIllIV
1992 :1IIIllIV
1993 :1IIIllIV "...
494.2
513.3531.8571.6603.1648.0
702.7769.8814.3889.3959.5
1,010.71,097.21,207.01,349.61,458.6
1,585.91,768.41,974.12,232.72,488.6
2,708.03,030.63,149.63,405.03,777.2
4,038.74,268.64,539.94,900.45,250.8
5,546.15,722.96,038.56,374.0
3,195.13,547.33,869.14,140.54,336.64,683.05,044.65,344.8
5,461.95,540.95,583.85,597.9
5,631.75,697.75,758.65,803.7
5,908.75,991.46,059.56,194.4
6,261.66,327.66,395.96,510.8
318.1
332.4343.5364.4384.2412.5
444.6481.6509.3559.1603.7
646.5700.3767.8848.1927.7
1,024.91,143.11,271.51,421.21,583.7
1,748.11,926.22,059.22.257.52,460.3
2,667.42,850.63,052.23,296.13,523.1
3,761.23,906.44,139.94,390.6
2,128.72,346.82,526.42,739.82,923.13,124.63,398.23,599.1
3,679.33,727.03,801.73,836.6
3,843.63,887.83,929.83,964.1
4,046.54,099.94,157.14,256.2
4,296.24,359.94,419.14,487.4
42.8
43.541.947.051.856.8
63.568.570.681.086.2
85.397.2
110.7124.1123.0
134.3160.0182.6202.3214.2
212.5228.5236.5275.0317.9
352.9389.6403.7437.1459.4
468.2457.8497.3537.7
246.9297.7328.2354.4406.8408.8452.9458.3
479.8466.0467.3459.5
448.9452.0465.1465.2
484.0487.8500.9516.6
515.3531.6541.9561.9
148.5
153.1157.4163.8169.4179.7
191.9208.5216.9235.0252.2
270.4283.3305.2339.6380.8
416.0451.8490.4541.5613.3
682.9744.2772.3817.8873.0
919.4952.2
1,011.11,073.81,149.5
1,229.21,257.91,300.91,350.2
787.3839.8887.8939.5963.7
1,029.41,105.81,173.5
1,201.71,213.61,241.01,260.7
1,252.31,259.21,260.01,260.0
1,278.21,288.21,305.71,331.7
1,335.31,344.81,352.41,368.4
126.8
135.9144.1153.6163.1175.9
189.2204.6221.7243.1265.3
290.8319.8351.9384.5423.9
474.5531.2598.4677.4756.2
852.7953.5
1,050.41,164.71,269.4
1,395.11,508.81,637.41,785.21,914.2
2,063.82,190.72,341.62,502.7
1,094.61,209.31,310.41,446.01,552.61,686.41,839.51,967.3
1,997.82,047.52,093.42,116.4
2,142.42,176.62,204.82,239.0
2,284.42,323.82,350.52,407.9
2,445.52,483.42,524.82,557.2
78.8
78.777.987.993.4
101.7
118.0130.4128.0139.9155.2
150.3175.5205.6243.1245.8
226.0286.4358.3434.0480.2
467.6558.0503.4546.7718.9
714.5717.6749.3793.6832.3
808.9736.9796.5892.0
464.2614.8722.8737.0697.1800.2814.8825.2
828.9837.8812.5756.4
729.1721.5744.5752.4
750.8799.7802.2833.3
874.1874.1884.0935.8
74.6
75.575.081.887.796.7
108.3116.7117.6130.8145.5
148.1167.5195.7225.4231.5
231.7269.6333.5406.1467.5
477.1532.5519.3552.2647.8
689.9709.0723.0777.4798.9
802.0745.5789.1875.2
510.5594.6671.8704.4715.9740.9797.5795.0
819.3804.5804.1780.3
749.0744.5745.0743.5
755.9786.8792.5821.3
839.5861.0876.3924.1
46.5
49.248.652.855.662.4
74.184.485.292.1
102.9
106.7111.7126.1150.0165.6
169.0187.2223.2274.5326.4
353.8410.0413.7400.2468.9
504.0492.4497.8545.4568.1
586.7555.9565.5622.9
397.7426.9491.5511.3491.7514.3560.2568.8
586.2582.1594.1584.4
566.8561.0552.6543.3
547.0566.3569.2579.5
594.7619.1624.9653.0
18.1
19.619.720.821.223.7
28.331.331.533.637.7
40.342.747.255.061.2
61.465.974.693.9
118.4
137.5169.1178.8153.1175.6
193.4174.0171.3182.0193.3
201.6182.6172.6178.6
168.9154.6184.1195.4168.4180.0186.8198.0
203.6203.2203.8195.7
192.2188.4178.0171.7
173.9174.5170.8171.1
172.4177.6179.1185.2
28.3
29.728.932.134.438.7
45.853.053.758.565.2
66.469.178.995.1
104.3
107.6121.2148.7180.6208.1
216.4240.9234.9247.1293.3
310.6318.4326.5363.4374.8
385.1373.3392.9444.4
228.8272.3307.3315.9323.3334.3373.4370.8
382.5378.9390.3388.7
374.6372.6374.6371.5
373.1391.7398.4408.3
422.2441.6445.8467.8
28.1
26.326.429.032.134.3
34.232.332.438.742.6
41.455.869.775.366.0
62.782.5
110.3131.6141.0
123.3122.5105.7152.0178.9
185.9216.6225.2232.0230.9
215.3189.6223.6252.3
112.8167.7180.4193.1224.2226.5237.3226.2
233.2222.4209.9195.8
182.2183.6192.4200.3
208.9220.6223.3241.8
244.9241.9251.3271.1
4.2
3.22.96.15.75.0
9.713.810.59.19.7
2.38.09.9
17.714.3
-5 .716.724.727.912.8
- 9 . 525.4
-15.9- 5 . 571.1
24.68.6
26.316.233.3
6.9- 8 . 6
7.316.8
-46.320.251.032.6
-18.859.317.330.2
9.633.38.4
-23.9
-19.9-23.0
- . 58.9
- 5 . 112.99.7
12.0
34.613.17.7
11.7
See next page for continuation of table.
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TABLE B-l.—Gross domestic product. 1959-93—Continued
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959
19601961196219631964
19651966196719681969
19701971197219731974
1975197619771978 ,.1979
19801981198219831984
19851986198719881989
1990199119921993 p
1982: IV....1983: IV....1984: IV....1985: IV....1986: IV....1987: IV....1988: IV...1989: IV...
1990: III....III...IV...
1991:1II....III...IV...
1992:1II....III...IV...
1993:1II....III...I V
Net exports of goods andservices
Netexports
-1 .7
2.43.42.43.35.5
3.91.91.4
- 1 . 3-1 .2
1.2-3 .0-8 .0
.6- 3 . 1
13.6- 2 . 3
-23.7-26.1-23.8
-14.7-14.7-20.6-51.4
-102.7
-115.6-132.5-143.1-108.0-79.7
-71.4-19.6-29.6-65.7
-29.5-71.8
-107.1-135.5-133.2-143.2-106.0
-73.9
-73.9-61.3-78.7-71.6
-34.0-11.5-19.8-13.0
- 7 . 0-33.9-38.8-38.8
-48.3-65.1-71.9-77.7
Exports
20.6
25.326.027.429.433.6
35.438.941.445.349.3
57.059.366.291.8
124.3
136.3148.9158.8186.1228.9
279.2303.0282.6276.7302.4
302.1319.2364.0444.2508.0
557.1601.5640.5660.1
265.6286.2308.7304.7333.9392.4467.0523.8
542.0553.5555.3577.6
576.5600.7603.0625.7
633.7632.4641.1654.7
651.3660.0653.2675.8
Imports
22.3
22.822.725.026.128.1
31.537.139.946.650.5
55.862.374.291.2
127.5
122.7151.1182.4212.3252.7
293.9317.7303.2328.1405.1
417.6451.7507.1552.2587.7
628.5621.1670.1725.8
295.1358.0415.7440.2467.1535.6573.1597.7
615.9614.8634.0649.2
610.6612.2622.8638.8
640.7666.3679.9693.5
699.6725.0725.1753.5
Total
99.0
99.8107.0116.8122.3128.3
136.3155.9175.6191.5201.8
212.7224.3241.5257.7288.3
321.4341.3368.0403.6448.5
507.1561.1607.6652.3700.8
772.3833.0881.5918.7975.2
1,047.41,099.31,131.81,157.1
631.6657.6727.0799.2849.7901.4937.6994.5
1,027.71,037.31,048.31,076.5
1,093.01,099.91,104.01,100.2
1,118.51,125.81,139.11,143.8
1,139.71,158.61,164.81,165.3
Governmentpurchases
Federal
Total
57.1
55.358.665.466.467.5
69.581.392.899.2
100.5
100.1100.0106.9108.5117.6
129.4135.8147.9162.2179.3
209.1240.8266.6292.0310.9
344.3367.8384.9387.0401.6
426.5445.9448.8443.4
281.4289.7324.7356.9373.1392.5392.0405.1
422.7423.6423.2436.5
450.2449.4446.8437.4
445.5444.6452.8452.4
442.7447.5443.6439.7
Nation-al
defense
46.4
45.347.952.151.550.4
51.062.073.479.178.9
76.874.177.477.582.6
89.693.4
100.9108.9121.9
142.7167.5193.8214.4233.1
258.6276.7292.1295.6299.9
314.0322.5313.8303.6
205.5222.8242.9268.6278.6295.8296.8302.5
312.1312.5309.1322.5
331.4326.3321.2311.2
312.3310.4316.7315.7
304.8307.6301.9300.0
Non-de-
fense
10.8
10.010.613.314.917.0
18.519.319.420.021.6
23.325.929.431.135.0
39.842.447.053.357.5
66.473.372.777.577.8
85.791.192.991.4
101.7
112.5123.4135.0139.8
75.966.981.988.394.596.795.2
102.6
110.6111.2114.1114.0
118.7123.0125.6126.2
133.1134.2136.1136.7
137.9140.0141.7139.7
Stateandlocal
41.8
44.548.451.455.860.9
66.874.682.792.3
101.3
112.6124.3134.7149.2170.7
192.0205.5220.1241.4269.2
298.0320.3341.1360.3389.9
428.1465.3496.6531.7573.6
620.9653.4683.0713.7
350.3367.9402.2442.4476.6509.0545.7589.3
605.0613.7625.1640.0
642.9650.5657.3662.8
673.0681.2686.2691.4
697.0711.1721.2725.6
Finalsales ofdomes-
ticproduct
490.0
510.1528.9565.5597.5643.0
693.0756.0803.8880.2949.8
1,008.41,089.21,197.11,331.91,444.4
1,591.51,751.71,949.42,204.82,475.9
2,717.53,005.23,165.53,410.63.706.1
4,014.14,260.04,513.74,884.25,217.5
5,539.35,731.66,031.26,357.2
3,241.43,527.13,818.14,107.94,355.44,623.75,027.35,314.6
5,452.45,507.65,575.35,621.8
5,651.65,720.85,759.15,794.8
5,913.95,978.66,049.96.182.5
6,227.16,314.56,388.26,499.0
Grossdomes-tic pur-chases '
495.8
510.9528.4569.1599.8642.5
698.8767.9812.9890.6960.7
1.009.51,100.21,215.01,349.01,461.8
1,572.31,770.71,997.82,258.82,512.5
2,722.83,045.33,170.23,456.53,879.9
4,154.34,401.24,683.05,008.45,330.5
5,617.55,742.56,068.26,439.7
3,224.63,619.13,976.24,276.04,469.84,826.25,150.75,418.7
5,535.95,602.25,662.45,669.5
5,665.85,709.25,778.45,816.7
5,915.86,025.36,098.36,233.2
6,309.96,392.76,467.86,588.5
Adden-dum:Gross
nationalprod-uct2
497.0
516.6535.4575.8607.7653.0
708.1774.9819.8895.5965.6
1,017.11,104.91,215.71,362.31,474.3
1,599.11,785.51,994.62,254.52,520.8
2,742.13,063.83,179.83,434.43,801.5
4,053.64,277.74,544.54,908.25,266.8
5,567.85,737.16,045.8
3,222.63,578.43,890.24,156.24,340.54,690.55,054.35,365.0
5,482.15,559.35,599.95,630.0
5,656.15,710.65,766.25,815.5
5,927.65,996.36,067.36,191.9
6,262.16,327.16,402.3
Percent changefrom preceding
period
Grossdomes-
ticproduct
8.7
3.93.67.55.57.4
8.49.55.89.27.9
5.38.6
10.011.88.1
8.711.511.613.111.5
8.811.93.98.1
10.9
6.95.76.47.97.2
5.63.25.55.6
9.15.93.11.0
2.44.84.33.2
7.45.74.69.2
4.44.34.47.4
Grossdomestic
pur-chases '
9.1
3.03.47.75.47.1
8.89.95.99.67.9
5.19.0
10.411.08.4
7.612.612.813.111.2
8.411.84.19.0
12.2
7.15.96.46.96.4
5.42.25.76.1
8.94.94.4
.5
- . 33.14.92.7
7.07.64.99.1
5.05.44.87.7
1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.2 GDP plus net receipts of factor income from rest of the world.Source-. Department of Commerce, Bureau of Economic Analysis.
269Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-2.—Gross domestic product in 1987 dollars, 1959-93
[Billions of 1987 dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year orquarter
Grossdomesticproduct
Personal consumptionexpenditures
TotalDurablegoods
Non-durablegoods
Services
Gross private domestic investment
Total
Fixed investment
Total
Nonresidential
Total Struc-tures
Pro-ducers'durableequip-ment
Resi-dential
Changein
busi-ness
inven-tories
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 p.
1982: IV1983: IV1984: IV1985: IV1986: IV1987:IV1988: IV1989: IV
1990: IIIIllIV
1991: IIIIllIV
1992: III
IV
1993: III
1,928.8
1,970.82,023.82,128.12,215.62,340.6
2,470.52,616.22,685.22,796.92,873.0
2,873.92,955.93,107.13,268.63,248.1
3,221.73,380.83,533.33,703.53,796.8
3,776.33,843.13,760.33,906.64,148.5
4,279.84,404.54,539.94,718.64,838.0
4,897.34,861.44,986.35,132.7
3,759.64,012.14,194.24,333.54,427.14,625.54,779.74,856.7
4,892.34,917.14,906.54,867.2
4,837.84,855.64,872.64,879.6
4,922.04,956.54,998.25,068.3
5,078.25,102.15,138.35,212.1
1,178.9
1,210.81,238.41,293.31,341.91,417.2
1,497.01,573.81,622.41,707.51,771.2
1,813.51,873.71,978.42,066.72,053.8
2,097.52,207.32,296.62,391.82,448.4
2,447.12,476.92,503.72,619.42,746.1
2,865.82,969.13,052.23,162.43,223.3
3,272.63,258.63,341.83,452.5
2,539.32,678.22,784.82,895.33,012.53,074.73,202.93,242.0
3,264.43,271.63,288.43,265.9
3,242.73,256.93,267.13,267.5
3,302.33,316.83,350.93,397.2
3,403.83,432.73,469.63,503.9
114.4
115.4109.4120.2130.3140.7
156.2166.0167.2184.5190.8
183.7201.4225.2246.6227.2
226.8256.4280.0292.9289.0
262.7264.6262.5297.7338.5
370.1402.0403.7428.7440.7
443.1426.6456.6489.7
272.3319.1347.7369.6415.7404.7439.2436.8
454.8441.8442.4433.2
420.3422.0432.6431.5
446.6447.5459.0473.4
471.9484.2493.1509.9
518.5
526.9537.7553.0563.6588.2
616.7647.6659.0686.0703.2
717.2725.6755.8777.9759.8
767.1801.3819.8844.8862.8
860.5867.9872.2900.3934.6
958.7991.0
1,011.11,035.11,051.6
1,060.71,048.21,062.91,088.1
880.7915.2942.9968.7
1,000.91,014.61,046.81,058.9
1,059.81,060.61,065.01,057.5
1,048.21,051.11,049.31,044.0
1,052.01,055.01,062.91,081.8
1,076.01,083.11,093.01,100.1
546.0
568.5591.3620.0648.0688.3
724.1760.2796.2837.0877.2
912.5946.7997.4
1,042.21,066.8
1,103.61,149.51,196.81,254.11,296.5
1,323.91,344.41,368.91,421.41,473.0
1,537.01,576.11,637.41,698.51,731.0
1,768.81,783.81,822.31,874.7
1,386.21,443.91,494.21,557.11,595.81,655.51,716.91,746.3
1,749.81,769.21,781.11,775.2
1,774.21,783.81,785.21,792.0
1,803.71,814.31,829.01,842.0
1,855.91,865.41,883.51,893.9
296.4
290.8289.4321.2343.3371.8
413.0438.0418.6440.1461.3
429.7475.7532.2591.7543.0
437.6520.6600.4664.6669.7
594.4631.1540.5599.5757.5
745.9735.1749.3773.4784.0
746.8675.7732.9820.9
503.5669.5756.4763.1705.9793.8785.0769.5
766.5773.9751.0695.7
667.8659.8682.8692.3
691.7737.0739.6763.0
803.0803.6813.4863.6
282.8
282.7282.2305.6327.3356.2
387.9401.3391.0416.5436.5
423.8454.9509.6554.0512.0
451.5495.1566.2627.4656.1
602.7606.5558.0595.1689.6
723.8726.5723.0753.4754.2
741.1684.1726.4805.5
548.4640.2708.4732.9725.9733.9764.1744.6
761.8745.8740.1716.6
685.2682.1683.8685.2
696.7724.4730.0754.3
773.7790.6806.9851.0
165.2
173.3172.1185.0192.3214.0
250.6276.7270.8280.1296.4
292.0286.8311.6357.4356.5
316.8328.7364.3412.9448.8
437.8455.0433.9420.8490.2
521.8500.3497.8530.8540.0
546.5514.5529.2591.3
417.2449.6509.6525.5495.5510.6538.8536.7
550.2544.5551.2540.2
521.4517.8512.8506.1
510.5528.8533.8543.7
562.3584.3594.8623.8
74.4
80.882.386.186.995.9
111.5119.1116.0117.4123.5
123.3121.2124.8134.9132.3
118.0120.5126.1144.1163.3
170.2182.9181.3160.3182.8
197.4176.6171.3174.0177.6
179.5160.2150.6151.4
173.2162.6189.5198.3170.4177.9175.7179.8
182.9181.6180.9172.8
169.0165.2155.6151.0
152.8152.9148.8148.0
148.2151.1151.2155.1
90.8
92.589.898.9
105.4118.1
139.1157.6154.8162.7172.9
168.7165.6186.8222.4224.2
198.8208.2238.2268.8285.5
267.6272.0252.6260.5307.4
324.4323.7326.5356.8362.5
367.0354.3378.6439.9
244.0287.0320.1327.2325.0332.7363.1356.9
367.3363.0370.3367.4
352.5352.6357.2355.2
357.7375.9385.1395.7
414.1433.2443.6468.7
117.6
109.4110.1120.6135.0142.1
137.3124.5120.2136.4140.1
131.8168.1198.0196.6155.6
134.7166.4201.9214.5207.4
164.8151.6124.1174.2199.3
202.0226.2225.2222.7214.2
194.5169.5197.1214.2
131.2190.6198.8207.4230.5223.3225.3208.0
211.6201.2189.0176.3
163.8164.3171.0179.1
186.2195.6196.2210.6
211.4206.2212.1227.2
13.6
8.17.2
15.616.015.7
25.136.727.623.624.8
5.920.822.537.730.9
-13 .925.534.337.213.6
- 8 . 324.6
-17 .54.4
67.9
22.18.5
26.319.929.8
5.7- 8 . 4
6.515.4
-44.929.347.930.2
-20.159.920.924.9
4.728.110.9
-20.9
-17.4-22.3
- . 97.1
- 5 . 012.69.68.7
29.313.06.5
12.7
See next page for continuation of table.
270Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-2.—Gross domestic product in 1987 dollars, 1959-93—Continued
[Billions of 1987 dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year orquarter
Net exports of goods andservices
Netexports Exports Imports
Governmentpurchases
Total
Federal
Total
Nation-al
de-fense
Non-de-
fense
Stateandlocal
Finalsales ofdomes-
ticproduct
Grossdomes-tic pur-chases 1
Adden-dum:Gross
nationalprod-uct 2
Percent changefrom preceding
period
Grossdomes-
ticprod-uct
Grossdomestic
pur-chases *
1959..
I960..1961..1962..1963..1964..
1965..1966..1967..1968..1969..
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 ".
1982: IV..1983: IV..1984: IV..1985: IV..1986: IV..1987: IV..1988: IV..1989: IV..
1990: IIIIII...IV...
1991: IIIIII..IV..
1992: III
1993: III
IV "
-21.8
- 7 . 6- 5 . 5
-10 .5- 5 . 8
2.5
-6 .4-18.0-23.7-37 .5-41 .5
-35.2-45.9-56 .5-34 .1
- 4 . 1
23.1- 6 . 4
-27.8-29.9-10.6
30.722.0
- 7 . 4-56.1
-122.0
-145.3-155.1-143.1-104.0-73.7
-54.7-19.1-33.6-79.3
-19.0-83.7
-131.4-155.4-156.0-136.0-102.7-67.4
-60.8-58.9-62.2-36.8
-21.6-13 .3-25.0-16.4
-15.2-38.0-42 .5-38.8
-59.9-75.2-86 .3-95.6
73.8
89.995.0
101.8115.4
118.1125.7130.0140.2147.8
161.3161.9173.7210.3234.4
232.9243.4246.9270.2293.5
320.5326.1296.7285.9305.7
309.2329.6364.0421.6471.8
510.5543.4578.0596.4
280.4291.5312.8312.0342.9386.1438.2487.7
501.8511.1508.6520.4
519.4542.9546.9564.2
571.0570.2579.3591.6
588.0593.2591.9612.5
95.6
96.195.3
105.5107.7112.9
124.5143.7153.7177.7189.2
196.4207.8230.2244.4238.4
209.8249.7274.7300.1304.1
289.9304.1304.1342.1427.7
454.6484.7507.1525.7545.4
565.1562.5611.6675.7
299.4375.1444.2467.4498.9522.1540.9555.0
562.6570.0570.7557.2
541.0556.2571.9580.7
586.2608.2621.8630.3
647.9668.4678.2708.1
475.3
476.9501.5524.2536.3549.1
566.9622.4667.9686.8682.0
665.8652.4653.0644.2655.4
663.5659.2664.1677.0689.3
704.2713.2723.6743.8766.9
813.4855.4881.5886.8904.4
932.6946.3945.2938.6
735.9748.1784.3830.5864.8893.0894.5912.6
928.1930.6929.2942.4
948.9952.3947.6936.2
943.1940.7950.2946.9
931.3941.1941.7940.1
265.7
259.0270.1287.3285.7281.8
282.1319.3350.9353.1340.1
315.0290.8284.4265.3262.6
262.7258.2263.1268.6271.7
284.8295.8306.0320.8331.0
355.2373.0384.9377.3376.1
384.1386.5373.0355.1
316.0322.2341.7363.7377.5391.6378.4376.1
385.4384.7379.6386.5
393.8393.6386.6372.1
372.1369.2377.0373.7
357.6359.4353.7349.8
209.6191.3185.8
184.9179.9181.6182.1185.1
194.2206.4221.4234.2245.8
265.6280.6292.1287.0281.4
283.6281.3261.2242.7
229.4242.9254.3272.1282.2295.0285.7281.5
285.3285.0278.5285.7
292.0288.7279.4264.9
261.2257.9264.4261.3
246.0246.4240.1238.2
74.874.176.8
77.878.381.486.586.6
90.689.484.786.685.1
89.592.492.990.294.8
100.4105.3111.8112.5
86.679.387.491.695.396.692.794.7
100.199.8
101.1100.8
101.8104.9107.2107.2
110.9111.3112.5112.4
111.5113.0113.7111.6
209.6
217.9231.4236.9250.6267.3
284.8303.1317.0333.7341.9
350.9361.6368.6378.9392.9
400.8401.1401.0408.4417.6
419.4417.4417.6423.0436.0
458.2482.4496.6509.6528.3
548.5559.7572.2583.4
419.9425.9442.6466.7487.3501.4516.1536.5
542.8545.9549.6555.8
555.1558.7561.0564.1
571.0571.5573.2573.2
573.7581.6588.0590.4
1,915.2
1,962.72,016.62,112.52,199.62,324.9
2,445.42,579.52,657.52,773.22,848.2
2,868.02,935.23,084.53,230.93,217.2
3,235.63,355.33,499.03,666.33,783.2
3,784.63,818.63,777.83,902.24,080.6
4,257.64,395.94,513.74,698.64,808.3
4,891.64,869.84,979.85,117.3
3,804.53,982.84,146.24,303.34,447.24,565.64,758.74,831.8
4,893.64,889.04,895.64,888.0
4,855.24,878.04,873.54,872.5
4,926.94,943.84,988.65,059.6
5,048.95,089.15,131.85,199.4
1,950.6
1,978.52,029.32,138.62,221.42,338.1
2,476.92,634.22,708.92,834.42,914.5
2,909.13,001.83,163.63,302.73,252.2
3,198.63,387.13,561.13,733.33,807.4
3,745.73,821.23,767.73,962.84,270.5
4,425.14,559.64,683.04,822.64,911.7
4,951.94,880.55,019.95,211.9
3,778.64,095.84,325.54,488.94,583.14,761.54,882.44,924.1
4,959.14,976.04,968.64,904.0
4,859.44,869.04,897.64,896.0
4,937.14,994.55,040.75,107.1
5,138.15,177.45,224.65,307.7
1,939.6
1,982.82,037.12,143.32,231.82,358.1
2,488.92,633.22,702.62,815.62,890.9
2,891.52,975.93,128.83,298.63,282.4
3,247.63,412.23,569.03,739.03,845.3
3,823.43,884.43,796.13,939.64,174.5
4,295.04,413.54,544.54,726.34,852.7
4,916.54,874.54,994.0
3,791.74,046.64,216.44,349.54,430.84,633.04,789.04,875.1
4,916.44,933.44,920.94,895.4
4,859.34,867.54,880.34,890.9
4,939.04,962.25,006.45,068.4
5,080.75,104.15,145.8
5.5
2.22.75.24.15.6
5.55.92.64.22.7
.02.95.15.2
- . 6
4.94.54.82.5
- . 51.8
-2 .23.96.2
3.22.93.13.92.5
1.2- . 72.62.9
3.51.5
- . 9-3 .2
- 2 . 41.51.4.6
3.52.83.45.7
5.8
1.42.65.43.95.3
5.96.42.84.62.8
- . 23.25.44.4
- 1 . 5
- 1 . 65.95.14.82.0
-1 .62.0
- 1 . 45.27.8
3.63.02.73.01.8
-1.42.93.8
2.91.4
- . 6- 5 . 1
- 3 . 6.8
2.4- . 1
3.44.73.85.4
2.53.13.76.5
1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.2 GDP plus net receipts of factor income from rest of the world.
Source: Department of Commerce, Bureau of Economic Analysis.
271Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-3.—Implicit price deflators for gross domestic product, 1959-93
[Index numbers, 1987 = 100, except as noted; quarterly data seasonally adjusted]
Year or quarterGross
domesticproduct
Personal consumptionexpenditures
TotalDurablegoods
Non-durablegoods
Services
Gross private domestic investment:Fixed investment
Total
Nonresidential
Total Struc-tures
Pro-ducers'durableequip-ment
Residen-tial
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 P
1982.1V1983: IV1984: IV....1985: IV1986: IV1987: IV....1988: IV1989: IV
1990:1IIIII....IV....
1991:1IIIllIV
1992:1IIIII....IV....
1993:1IIIII....IV..
25.6
26.026.326.927.227.7
28.429.430.331.833.4
35.237.138.841.344.9
49.252.355.960.365.5
71.778.983.887.291.0
94.496.9100.0103.9108.5
113.3117.7121.1124.2
85.088.492.395.598.0101.2105.5110.1
111.5112.7113.8115.0
116.4117.3118.2118.9
120.0120.9121.2122.2
123.3124.0124.5124.9
27.0
27.527.728.228.629.1
29.730.631.432.734.1
35.637.438.841.045.2
48.951.855.459.464.7
71.477.882.286.289.6
93.196.0
100.0104.2109.3
114.9119.9123.9127.2
83.887.690.794.697.0
101.6106.1111.0
112.7113.9115.6117.5
118.5119.4120.3121.3
122.5123.6124.1125.3
126.2127.0127.4128.1
37.4
37.738.339.139.740.4
40.641.342.343.945.2
46.448.349.250.354.1
59.262.465.269.174.1
80.986.490.192.493.9
95.496.9
100.0102.0104.2
105.7107.3108.9109.8
90.693.394.495.997.8
101.0103.1104.9
105.5105.5105.6106.1
106.8107.1107.5107.8
108.4109.0109.1109.1
109.2109.8109.9110.2
28.6
29.129.329.630.130.5
31.132.232.934.335.9
37.739.040.443.750.1
54.256.459.864.171.1
79.485.788.690.893.4
95.996.1
100.0103.7109.3
115.9120.0122.4124.1
89.491.894.297.096.3
101.5105.6110.8
113.4114.4116.5119.2
119.5119.8120.1120.7
121.5122.1122.8123.1
124.1124.2123.7124.4
23.2
23.924.424.825.225.6
26.126.927.829.030.2
31.933.835.336.939.7
43.046.250.054.058.3
64.470.976.781.986.2
90.895.7
100.0105.1110.6
116.7122.8128.5133.5
79.083.787.792.997.3
101.9107.1112.7
114.2115.7117.5119.2
120.8122.0123.5124.9
126.6128.1128.5130.7
131.8133.1134.0135.0
26.4
26.726.626.826.827.1
27.929.130.131.433.3
34.936.838.440.745.2
51.354.558.964.771.2
79.287.893.192.893.9
95.397.6
100.0103.2105.9
108.2109.0108.6108.7
93.192.994.896.198.6
101.0104.4106.8
107.6107.9108.6108.9
109.3109.2109.0108.5
108.5108.6108.6108.9
108.5108.9108.6108.6
28.1
28.428.228.628.929.2
29.630.531.532.934.7
36.539.040.542.046.4
53.356.961.366.572.7
90.195.395.195.7
96.698.4
100.0102.8105.2
107.3108.0106.9105.3
95.395.096.497.399.2
100.7104.0106.0
106.5106.9107.8108.2
108.7108.3107.8107.3
107.1107.1106.6106.6
105.7106.0105.1104.7
24.4
24.224.024.124.424.7
25.426.327.228.630.5
32.735.237.840.746.3
52.054.759.265.272.5
80.892.598.695.596.1
98.098.5
100.0104.6108.9
112.3114.0114.6117.9
97.595.197.298.598.8
101.2106.3110.1
111.3111.9112.7113.3
113.8114.0114.4113.8
113.8114.2114.8115.7
116.3117.5118.5119.4
31.2
32.132.232.432.632.8
32.933.634.736.037.7
39.441.742.242.746.5
54.158.262.467.272.9
80.988.593.094.895.4
95.798.4
100.0101.9103.4
104.9105.4103.8101.0
93.894.996.096.599.5
100.5102.8103.9
104.2104.4105.4105.8
106.3105.7104.9104.6
104.3104.2103.5103.2
102.0101.9100.599.8
23.9
24.024.024.023.824.1
24.925.926.928.430.4
31.433.235.238.342.4
46.649.654.661.368.0
74.880.985.287.389.7
92.095.8
100.0104.2107.8
110.7111.8113.4117.8
86.088.090.793.197.3
101.5105.3108.8
110.2110.5111.1111.1
111.3111.7112.5111.8
112.2112.8113.8114.9
115.8117.3118.5119.3
See next page for continuation of table.
272Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-3.—Implicit price deflators for gross domestic product, 1959-93—Continued
[Index numbers, 1987=100, except as noted; quarterly data seasonally adjusted]
Year or quarter
Exports andimports of goods
and services
Exports Imports
Government purchasesof goods
and services
Total
Federal
Total Nationaldefense
Non-defense
Stateandlocal
Finalsales ofdomes-
ticproduct
Grossdomestic
pur-chases '
Percentchange
frompreced-
period,GDP
implicitpricedefla-tor2
1959..
1960..1961..1962..1963..1964..
1965..1966..1967..1968..1969..
19701971197219731974
1985....1986....1987....1988....1989....
1990: I ....II...
1991:1
1992: I ..
1993: I ..IIIllIV P....
28.0
28.629.028.928.929.1
23.4
23.823.823.724.324.9
20.8
20.921.322.322.823.4
21.5
21.321.722.823.323.9
19751976197719781979
19801981198219831984
1990199119921993"
1982: IV..1983: IV..1984: IV..1985: IV..1986: IV..1987: IV..1988: IV..1989: IV..
IV
30.031.031.832.333.3
35.336.638.143.653.0
58.561.264.368.978.0
87.192.995.296.898.9
97.796.9
100.0105.3107.7
109.1110.7110.8110.7
94.798.298.797.797.4
101.6106.6107.4
108.0108.3109.2111.0
111.0110.6110.2110.9
111.0110.9110.7110.7
110.8111.3110.4110.3
25.325.826.026.226.7
28.430.032.237.353.5
58.560.566.470.783.1
101.4104.599.795.994.7
91.993.2
100.0105.1107.8
111.2110.4109.6107.4
98.595.493.694.293.6
102.6106.0107.7
109.5107.9111.1116.5
112.9110.1108.9110.0
109.3109.6109.3110.0
108.0108.5106.9106.4
24.025.026.327.929.6
31.934.437.040.044.0
48.451.855.459.665.1
72.078.784.087.791.4
95.097.4
100.0103.6107.8
112.3116.2119.7123.3
85.887.992.796.298.3
100.9104.8109.0
110.7111.5112.8114.2
115.2115.5116.5117.5
118.6119.7119.9120.8
122.4123.1123.7123.9
24.625.526.528.129.6
31.834.437.640.944.8
49.352.656.260.466.0
73.481.487.191.093.9
96.998.6
100.0102.6106.8
111.0115.4120.3124.8
89.089.995.098.198.8
100.2103.6107.7
109.7110.1111.5112.9
114.3114.2115.6117.5
119.7120.4120.1121.1
123.8124.5125.4125.7
36.940.544.5
48.551.955.659.865.8
73.581.187.691.694.8
97.398.6
100.0103.0106.6
110.7114.7120.1125.1
89.691.795.598.798.7
100.3103.9107.5
109.4109.6111.0112.9
113.5113.0114.9117.5
119.6120.3119.8120.8
123.9124.8125.7126.0
39.341.945.5
51.254.157.761.766.4
73.382.185.989.591.3
95.798.6
100.0101.4107.3
112.0117.2120.8124.3
87.784.393.796.499.2
100.1102.6108.4
110.5111.4112.8113.1
116.7117.3117.2117.8
120.0120.6121.0121.6
123.6123.9124.6125.1
19.9
20.420.921.722.322.8
23.524.626.127.729.6
32.134.436.539.443.5
47.951.254.959.164.5
71.176.781.785.289.4
93.496.4
100.0104.3108.6
113.2116.7119.4122.3
83.486.490.994.897.8
101.5105.7109.9
111.5112.4113.7115.2
115.8116.4117.2117.5
117.9119.2119.7120.6
121.5122.3122.7122.9
25.6
26.026.226.827.227.7
28.329.330.231.733.3
35.237.138.841.244.9
49.252.255.760.165.4
71.878.783.887.490.8
94.396.9
100.0103.9108.5
113.2117.7121.1124.2
85.288.692.195.597.9
101.3105.6110.0
111.4112.7113.9115.0
116.4117.3118.2118.9
120.0120.9121.3122.2
123.3124.1124.5125.0
25.4
25.826.026.627.027.5
28.229.230.031.433.0
34.736.738.440.844.9
49.252.356.160.566.0
72.779.784.187.290.9
93.996.5
100.0103.9108.5
113.4117.7120.9123.6
85.388.491.995.397.5
101.4105.5110.0
111.6112.6114.0115.6
116.6117.3118.0118.8
119.8120.6121.0122.1
122.8123.5123.8124.1
2.8
1.61.22.31.11.8
2.53.53.15.05.0
5.45.44.66.48.7
9.66.36.97.98.6
9.510.06.24.14.4
3.72.63.23.94.4
4.43.92.92.5
5.24.44.04.3
5.03.13.12.4
3.83.01.03.3
3.62.31.51.4
1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.2 Quarterly changes are at annual rates.
Note.—Separate deflators are not calculated for gross private domestic investment, change in business inventories, and net exportsof goods and services.
Source: Department of Commerce, Bureau of Economic Analysis.
273Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-4.—Fixed-weighted price indexes for gross domestic product, 1987 weights, 1959-93
[Index numbers, 1987 = 100, except as noted; quarterly data seasonally adjusted]
Year or quarter
Grossdomes-
ticprod-uct
Personal consumptionexpenditures
TotalDura-
blegoods
Non-durablegoods
Serv-ices
Gross private domestic investment:Fixed investment
Total
Nonresidential
TotalStruc-tures
Pro-ducers'durableequip-ment
Resi-dential
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993"
1982: IV..1983: IV..1984: IV..1985: IV..1986: IV..1987: IV..1988: IV..1989: IV..
1990: I....
IV
1991:1..
IV...
1992:1
IV..
1993:1IIIllIV
84.888.191.1
94.397.0
100.0104.0108.6
113.6118.2122.1125.9
86.389.392.395.598.0
101.3105.6110.2
111.7112.9114.3115.3
116.8117.8118.7119.5
120.8121.8122.5123.5
124.8125.6126.3127.0
30.4
30.831.131.331.631.9
32.232.833.735.036.3
37.939.540.842.746.7
50.553.356.760.765.8
72.678.983.286.789.9
93.396.1
100.0104.3109.5
115.2120.5124.9128.7
84.788.291.094.897.1
101.6106.2111.2
113.0114.2115.9117.9
119.0119.9121.0122.0
123.4124.5125.5126.5
127.5128.4128.9129.7
54.4
54.153.853.453.153.1
52.151.351.853.154.2
55.156.757.157.861.0
66.069.171.775.280.0
84.789.592.493.794.9
96.097.1
100.0102.0104.5
106.3109.1111.5113.8
92.694.595.296.397.9
101.0103.3105.2
105.9106.0106.3106.9
108.1108.7109.6110.0
110.7111.5111.8112.1
112.6113.5114.1114.9
31.4
31.832.032.132.532.8
33.334.335.136.538.1
39.941.142.445.351.3
55.357.560.864.771.3
79.686.088.891.193.7
96.296.1
100.0103.8109.5
116.2120.5123.0124.9
89.792.094.497.296.3
101.5105.7111.0
113.8114.6116.8119.7
119.9120.3120.5121.2
122.0122.7123.4123.8
124.9125.0124.5125.2
23.9
24.525.025.325.726.1
26.727.428.329.630.7
32.434.335.937.440.3
43.746.950.554.659.0
65.371.977.482.486.4
90.995.8
100.0105.1110.7
116.8123.3129.5134.6
79.684.287.992.997.3
101.9107.2112.8
114.3115.9117.8119.5
121.2122.5124.0125.5
127.3128.8130.1131.6
132.8134.2135.2136.2
24.1
24.124.024.224.524.9
25.626.627.528.830.7
32.835.237.940.846.3
51.553.757.863.771.3
95.694.894.7
95.797.9
100.0103.3106.3
109.1110.8112.0114.7
95.494.695.196.498.8
101.0104.5107.3
108.3108.7109.5110.0
110.5110.6111.0110.9
111.2111.7112.4112.8
113.5114.4115.2115.7
100.398.396.8
97.398.8
100.0102.8105.6
108.4110.2111.4113.3
99.697.697.097.999.5
100.7104.0106.6
107.4107.9108.7109.4
110.1110.1110.3110.4
110.7111.2111.7112.0
112.4113.1113.6114.0
78.587.392.992.594.1
96.998.5
100.0104.6109.0
112.4113.9114.6117.8
93.592.495.397.899.0
101.2106.2110.3
111.4112.0112.8113.3
113.7114.0114.4113.7
113.8114.2114.8115.6
116.3117.4118.4119.3
104.2101.398.3
97.599.0
100.0101.9103.9
106.2108.3109.7110.9
102.8100.397.997.999.8
100.5102.9104.7
105.3105.7106.6107.4
108.1108.0108.2108.7
109.1109.6110.1110.1
110.4110.9111.2111.2
25.0
25.125.125.024.724.9
25.526.427.228.630.6
31.733.535.538.642.7
46.749.754.761.468.2
75.381.385.387.389.8
92.195.8
100.0104.3107.8
110.7111.9113.4117.7
86.288.090.893.197.3
101.5105.4108.8
110.2110.5111.1111.1
111.4111.8112.6112.0
112.3112.8113.8114.8
115.8117.2118.5119.3
See next page for continuation of table.
274Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-4.—Fixed-weighted price indexes for gross domestic product, 1987 weights, 1959-93—Continued
[Index numbers, 1987=100, except as noted; quarterly data seasonally adjusted]
Year or quarter
1959
19601961196219631964
19651966196719681969
19701971 .1972 ...1973197419751976197719781979
19801981198219831984
198519861987 . . .198819891990199119921993".. .. .1982: IV1983- IV1984- IV1985- IV1986: IV1987- IV1988: IV1989- IV1990:1
IllIV
1991-1 .IIIllIV
1992-1IIIllIV
1993-1IIIII
Exports andimports of goods
and services
Exports
100.499.799.998.297.3
100.0105.7108.2
110.0112.4113.7115.599.4
100.399.397.997.6
101.7107.0108.1
108.8109.2110.3111.9112.4112.2112.1112.91131113.7113.9114.3114.7115 5115.7116.0
Im-ports
101.297.796.8
94.693.8
100.0105.4108.5112.4113.8115.1114.999.497.396.096.093.7
102.8106.5108.6
110.3108.81120118.3115.4113.1112.6114.1
1139114.5116.3115.9
114.51156114.8114.9
Government purchasesof goods
and services
Total
246
25125.526326 827.327 929030.231.833.7
36238.641.143.746.9
51.454.457 761.766.8
73.379.685 088.592.295.497.6
100.0103.7107.9112.6116.7120.6124.286.789.393.996.998.3
101.0104.8109.1111.0111.81131114.4
115.5116.1117.0118.0
1193120.3121.0121.7
123.21240124.8124.8
Federal
Total
286
29029330030631.3
32032833.935.637.4
40242.946.048.450.2
54.657.360464.168.975.282.388592.295.697.999.0
100.0102.8107.0111.8116.5121.8126.190.492.797.799.499.0
100.2103.7108.2110.3111.0112.4113.5115.2115.6116.7118.6
1206121.41222122.8
125.11258126.8126.6
Nation-al
de-fense
46.249.051.2
55.157.860764.569.6
76.383.389793.596.9
98.899.5
100.0103.1107.1112.1116.5122.3127.191.493.999.3
100.599.3
100.3103.9108.3
110.6111.3112.7114.0
115.1115.3116.7118.91210121.8122.8123.5125.91268127.9127.7
Nonde-fense
45.246.447.4
52.955.859462.866.6
71.979.184788.491.4
94.997.5
100.0102.0106.7110.8116.5120.2122.987.188.792.695.998.3
100.1102.9107.8109.5110.2111.4112.0
115.5116.3116.8117.5119.6119.9120.3120.9122.5122.5123.4123.2
Stateandlocal
21 5
22122.523 423 824 2
24 826 027 428.930.8
33135.337.340.144.3
48.952.155 759.965.1
71.977.682 385.589.693.596.5
100.0104.3108.6113.2116.8119.6122.883.886.791.194.997.8
101.5105.8109.9111.5112.4113.7115.1
115.8116.4117.2117.7
118.2119.5120.0120.9
121.8122.7123.2123.4
Finalsales
ofdomes-
ticprod-uct
84 988.291.294.497.0
100.0104.0108.6113.6118.3122.2126.086.389.492.395.698.0
101.3105.7110.2111.8113.0114.3115.4
116.8117.8118.8119.6120.8121.8122.6123.6124.9125.7126.4127.1
Grossdomes-
ticpur-
chases J
85.488.391.0
94.096.6
100.0104.0108.6113.7118.2122.0125.586.789.392.195.497.6
101.4105.6110.2
111.8112.8114.3115.9117.0117.7118.6119.5120.6121.6122.5123.4124.4125.3125.9126.5
Per-cent
changefrom
preced-ing
period,GDP
fixed-weight-
edprice
index2
3.93.4
3.52.83.14.04.5
4.64.13.33.1
5.84.44.73.8
5.13.43.42.7
4.23.42.53.14.32.82.12.2
1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.* Quarterly changes are at annual rates.Note.—Separate deflators are not calculated for gross private domestic investment, change in business inventories, and net exports
of goods and services.Source.- Department of Commerce, Bureau of Economic Analysis.
275Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-5.—Changes in gross domestic product and personal consumption expenditures, and related
implicit price deflators and fixed-weighted price indexes, 1960-93
[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]
Year or quarter
19601961196219631964
1965. .1966196719681969
19701971197219731974
197519761977 . . .19781979
1980198119821983. ..1984
19851986198719881989
1990 .199119921993".
1987-1II111IV..
1988:1IIIllIV
1989:1II .IllIV
1990:1 ..IIIIIIV
1991:1II111IV
1992:1 . . .IIIIIIV.
1993:1..IIIII..IV
Gross domestic product
Currentdollars
3.93.67.55.57.4
849.5589.27.9
5.38.6
10.011.88.1
8.711.511.613.111.5
8.81193.98.1
10.9
6.95.76.47.97.2
56325.55.6
688 17.29.9
6.19.17.68.1
8.6633.851
9.1593.11.0
2.4484.332
7.4574.69.2
4.4434.47.4
Constant(1987)dollars
2.22.75.24.15.6
555.9264.22.7
.02.95.15.2
- . 6
- . 84.94.54.82.5
- . 518
-2 .23.96.2
3.22.93.13.92.5
12_ 72.62.9
3.0514.05.9
2.64.32.53.9
3.21801.5
3.515
9- 3 . 2
- 2 . 41.51.4.6
3.5283.45.7
.81.92.95.9
Implicitprice
deflator
1.61.22.31.11.8
253.53 15.05.0
5.45.44.66.48.7
9.66.36.97.98.6
9.510 06.24.14.4
3.72.63.23.94.4
4 4392.92.6
33293.33.6
3.64.45.13.9
5.4463.837
5.2444.04.3
5.0313.124
3.8301.03.3
3.6231.61.3
Fixed-weighted
priceindex(1987
weights)
3.93.4
3.52.83.14.04.5
464 13.33.1
34283.33.7
3.74.55.43.7
5.0483.837
5.8444.73.8
5.13.43.42.7
4.2342.53.1
4.3282.12.2
Personal consumption expenditures
Currentdollars
4.53.36.15.47.4
788.3589.88.0
7.18.39.6
10.59.4
10.511.511.211.811.4
10.410 26.99.69.0
8.46.97.18.06.9
68396.06.1
5.5948.34.4
9.97.98.48.9
5.1706.35.3
9.2538.33.7
.74.74.43.5
8.6545.79.9
3.8615.56.3
Constant(1987)dollars
2.72.34.43.85.6
565.1315.23.7
2.43.35.64.5
- . 6
2.15.24.04.12.4
- . 11.21.14.64.8
4.43.62.83.61.9
1.5- .42.63.3
_ . l4.83.9
7.12.52.94.1
.11.12.9
.8
2.89
2.1- 2 . 7
- 2 . 81.81.3
.0
4.31.84.25.6
.8344.44.0
Implicitprice
deflator
1.9.7
1.81.41.7
213.0264.14.3
4.45.13.75.7
10.2
8.25.96.97.28.9
10.49.05.74.93.9
3.93.14.24.24.9
5.14.43.32.7
5.9454.14.5
2.85.25.14.7
5.0573.34.4
6.34 36.16.7
3.43.13.03.4
4.03.61.63.9
2.9261.32.2
Fixed-weighted
priceindex(1987
weights)
1.3.8.6.9
1.1
101.8263.83.8
4.44.43.34.69.3
8.15.66.47.08.5
10.38.65.44.33.7
3.83.04.14.35.0
5.34.53.73.0
5.6444.34.5
2.75.25.34.6
5.25.93.54.4
6.6426.37.0
3.93.23.43.5
4.53.63.43.1
3.4291.42.7
Source: Department of Commerce, Bureau of Economic Analysis.
276Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-6.—Selected per capita product and income series in current and 1987 dollars, 1959-93
[Quarterly data at seasonally adjusted annual rates, except as noted]
Year orquarter
Current dollars
Grossdomes-
ticprod-uct
Person-al
income
Dispos-able
person-al
income
Personal consumptionexpenditures
TotalDura-
blegoods
Non-durablegoods
Serv-
Constant (1987) dollars
Grossdomes-
ticprod-uct
Dispos-able
person-al
income
Personal consumptionexpenditures
TotalDura-
blegoods
Non-durablegoods
Serv-
Popula-tion(thou-
sands) '
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 "
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988.1V1989: IV
1990:1II
1991:1IIIllIV
1992:1IIIllIV
1993:1IIIllIV "...
2,791
2,8402,8943,0633,1863,376
3,6163,9154,0974,4304,733
4,9285,2835,7506,3686,819
7,3438,1098,96110,02911,055
11,89213,17713,56414,53115,978
16,93317,73518,69419,99421,224
22,18922,64723,63724,681
13,70915,08516,31017,29617,95319,21320,50621,519
21,94222,20322,30922,299
22,37822,58222,75722,869
23,22723,48723,68524,143
24,34624,53824,73225,105
2,209
2,2642,3212,4302,5162,661
2,8453,0613,2533,5363,816
4,0524,3024,6715,1845,637
6,0536,6327,2698,1219,032
9,94811,02111,58912,21613,345
14,17014,91715,65516,63017,706
18,69919,19620,13920,861
11,78612,61313,66814,44015,10216,07617,05317,995
18,42118,62818,78618,958
19,01019,15619,20119,417
19,72519,96920,09020,767
20,43020,83720,93021,245
1,958
1,9942,0482,1372,2102,369
2,5272,6992,8613,0773,274
3,5213,7794,0424,5214,893
5,3295,7966,3167,0427,787
8,5769,4559,98910,64211,673
12,33913,01013,54514,47715,307
16,20516,74117,61518,222
10,18911,03311,92512,56513,12113,90714,85015,558
15,96316,11416,27516,467
16,56016,71216,75216,939
17,24517,48117,57718,153
17,87618,19618,26518,549
1,796
1,8391,8691,9532,0302,149
2,2872,4502,5622,7852,978
3,1523,3723,6584,0024,337
4,7455,2415,7726,3847,035
7,6778,3758,8689,634
10,408
11,18411,84312,56813,44814,241
15,04815,45916,20517,001
9,1349,980
10,64911,44512,10112,81913.81414,491
14,78114,93515,18915,283
15,27315,40915,53015,621
15,90616,07216,24916,589
16,70416,90717,08817,303
242
240228252273296
327348355404425
416468528585575
622734829909952
933994
1,0181,1731,345
1,4801,6191,6621,7831,857
1,8731,8121,9472,082
1,0591,2661,3831,4801,6841,6771,8411,845
1,9281,8671,8671,831
1,7841,7921,8381,833
1,9021,9121,9582,013
2,0042,0622,0952,166
847857878895936
9871,0601,0911,1711,244
1,3181,3641,4541,6021,780
1,9262,0722,2262,4322,725
2,9993,2363,3263,4903,693
3,8553,9564,1634,3814,647
4,9184,9785,0925,228
3,3783,5723,7423,9243,9904,2234,4954,725
4,8284,8634,9585,022
4,9764,9914,9794,965
5,0245,0505,1045,190
5,1925,2155,2295,276
716
752784823861917
9741,0411,1161,2111,308
1,4181,5401,6761,8141,982
2,1972,4362,7173,0433,359
3,7454,1464,5234,9715,370
5,8496,2696,7427,2847,737
8,2578,6699,1669,691
4,6965,1435,5246,0406,4286,9197,4777,921
8,0258,2058,3648,431
8,5138,6268,7138,823
8,9809,1109,1879,385
9,5089,6319,7639,860
10,892
10,90311,01411,40511,70412,195
12,71213,30713,51013,93214,171
14,01314,23214,80115,42215,185
14,91715,50216,03916,63516,867
16,58416,71016,19416,67217,549
17,94418,29918,69419,25219,556
19,59319,23819,51819,874
16,13217,06217,68018,10218,32818,97719,42919,554
19,67819,70419,60319,388
19,22419,24519,25619,228
19,34819,43019,53719,754
19,74419,78619,86920,097
7,256
7,2647,3827,5837,7188,140
8,5088,8229,1149,3999,606
9,87510,11110,41411,01310,832
10,90611,19211,40611,85112,039
12,00512,15612,14612,34913,029
13,25813,55213,54513,89014,005
14,10113,96514,21914,329
12,15412,59113,14513,27813,52213,68513,99614,015
14,16314,14414,07814,018
13,97114,00013,92713,963
14,07314,14214,16914,490
14,16314,32614,34114,484
6,658
6,6986,7406,9317,0897,384
7,7038,0058,1638,5068,737
8,8429,0229,4259,7529,602
9,71110,12110,42510,74410,876
10,74610,77010,78211,17911,617
12,01512,33612,56812,90313,029
13,09312,89513,08113,369
10,89511,39011,73912,09512,47212,61513,02013,053
13,11413,11013,13813,010
12,88512,90812,91112,876
12,98113,00213,09813,241
13,23413,31213,41613,511
646
638595644688733
803844841919941
896970
1,0731,1641,062
1,0501,1761,2711,3161,284
1,1541,1501,1311,2701,432
1,5521,6701,6621,7491,781
1,7731,6881,7871,896
1,1691,3571,4661,5441,7211,6601,7851,759
1,8271,7701,7671,726
1,6701,6721,7091,700
1,7561,7541,7941,845
1,8351,8781,9071,966
2,928
2,9152,9262,9642,9773,065
3,1733,2943,3163,4173,469
3,4973,4943,6013,6703,552
3,5523,6743,7223,7953,833
3,7793,7743,7563,8423,953
4,0194,1184,1634,2234,251
4,2444,1484,1614,213
3,7793,8923,9754,0464,1444,1624,2554,263
4,2584,2504,2554,212
4,1654,1664,1474,114
4,1354,1364,1544,216
4,1844,2004,2264,242
3,083
3,1453,2183,3233,4233,586
3,7263,8674,0064,1694,327
4,4494,5584,7514,9174,988
5,1105,2715,4335,6335,760
5,8145,8455,8956,0666,231
6,4446,5486,7426,9306,997
7,0777,0597,1337,259
5,9486,1416,2986,5056,6076,7926,9797,031
7,0297,0897,1167,072
7,0507,0707,0557,061
7,0907,1127,1497,179
7,2167,2347,2837,303
177,073
180,760183,742186,590189,300191,927
194,347196,599198,752200,745202,736
205,089207,692209,924211,939213,898
215,981218,086220,289222,629225,106
227,715229,989232,201234,326236,393
238,510240,691242,860245,093247,397
249,951252,699255,472258,256
233,060235,146237,231239,387241,550243,745246,004248,372
248,927249,552250,291251,035
251,659252,312253,048253,776
254,392255,090255,836256,569
257,197257,872258,612259,343
1 Population of the United States including Armed Forces overseas-, includes Alaska and Hawaii beginning 1960. Annual data areaverages of quarterly data. Quarterly data are averages for the period.
Source-. Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).
277Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T A B L E B-7.—Cross domestic product by major type of product, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993"
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1IIIllIV
1991:1IIIllIV
1992:1IIIllIV
1993:1IIIllI V
Grossdomesticproduct
494.2
513.3531.8571.6603.1648.0
702.7769.8814.3889.3959.5
1,010.71,097.21,207.01,349.61,458.6
1,585.91,768.41 974.12,232.72,488.6
2,708.03,030.63,149.63,405.03,777.2
4,038.74,268.64,539.94,900.45,250.8
5,546.15,722.96,038.56,374.0
3,195.13,547.33,869.14,140.54,336.64,683.05,044.65,344.8
5,461.95,540.95,583.85,597.9
5,631.75,697.75,758.65,803.7
5,908.75,991.46,059.56,194.4
6,261.66,327.66,395.96,510.8
Finalsales ofdomes-
ticproduct
490.0
510.1528.9565.5597.5643.0
693.0756.0803.8880.2949.8
1,008.41,089.21,197.11,331.91,444.4
1,591.51,751.71,949.42,204.82,475.9
2,717.53,005.23,165.53,410.63,706.1
4,014.14,260.04,513.74,884.25,217.5
5,539.35,731.66,031.26,357.2
3,241.43,527.13,818.14,107.94,355.44,623.75,027.35,314.6
5,452.45,507.65,575.35,621.8
5,651.65,720.85,759.15,794.8
5,913.95,978.66,049.96,182.5
6,227.16,314.56,388.26,499.0
Changein
busi-ness
inven-tories
4.2
3.22.96.15.75.0
9.713.810.59.19.7
2.38.09.9
17.714.3
-5 .716.724.727.912.8
- 9 . 525.4
-15.9- 5 . 571.1
24.68.6
26.316.233.3
6.9- 8 . 6
7.316.8
-46.320.251.032.6
-18.859.317.330.2
9.633.38.4
-23.9
-19.9-23.0
- . 58.9
- 5 . 112.99.7
12.0
34.613.17.7
11.7
Goods 1
Total
Total
250.8
257.1260.4281.5293.2313.5
342.9380.1395.1427.4456.6
467.8493.0537.4616.6662.8
715.1798.8880.4989.1
1,100.2
1,176.21,324.61,315.01,407.31,591.9
1,652.61,705.31,794.51,942.02,097.0
2,185.22,218.42,312.82,419.9
1,302.21,483.01,617.51,673.71,714.51,865.42,007.02,115.9
2,164.32,193.42,194.22,189.0
2,197.82,208.92,229.32,237.6
2,264.12,291.22,318.32,377.6
2,397.42,408.12,409.42,464.7
Finalsales
246.6
253.9257.4275.4287.5308.5
333.2366.3384.6418.3446.8
465.6485.0527.5598.9648.5
720.8782.0855.7961.2
1,087.5
1,185.71,299.21,330.91,412.81,520.8
1,628.01,696.71,768.21,925.72,063.6
2,178.42,227.02,305.52,403.1
1,348.51,462.81,566.51,641.11 733 31,806.11,989.72,085.7
2,154.72,160.12,185.82,212.9
2,217.72,231.92,229.82,228.7
2,269.32,278.42,308.62,365.6
2,362.92,395.02,401.72,452.9
Changein
busi-ness
inven-tories
4.2
3.22.96.15.75.0
9.713.810.59.19.7
2.38.09.9
17.714.3
-5 .716.724.727.912.8
- 9 . 525.4
-15.9- 5 . 571.1
24.68.6
26.316.233.3
6.9-8 .6
7.316.8
-46.320.251.032.6
-18.859.317.330.2
9.633.38.4
-23.9
-19.9-23.0
- . 58.9
- 5 . 112.99.7
12.0
34.613.17.7
11.7
Durable goods
Finalsales
91.1
93.893.1
103.4110.0119.6
132.4147.9154.5169.1180.1
182.1189.4209.7242.0257.1
288.8323.6368.3416.9474.5
502.1544.2541.6579.4647.0
704.8730.2753.5835.6891.2
933.5934.3975.8
1,034.6
550.6620.5676.3705.7751.5769.3861.0893.9
944.6926.3932.3931.0
921.9940.8938.8935.7
953.4963.2978.4
1,008.3
1,003.51,037.81,032.91,064.3
Changein
busi-ness
inven-tories
3.1
1.6- . 13.42.74.0
6.710.25.54.76.4
- . 12.87.2
15.011.2
- 7 . 010.39.7
20.39.6
- 2 . 66.2
-16.05.5
44.9
8.61.6
21.624.325.2
- 2 . 1-12.9
2.013.0
-41.125.538.510.9
-11.937.135.333.0
- 4 . 110.09.8
-24.1
-32.1-21.0
3.0- 1 . 5
-13.016.75.7
-1 .2
15.02.7
14.819.5
Nondurable goods
Finalsales
155.5
160.1164.3172.0177.5188.9
200.8218.5230.2249.1266.8
283.5295.5317.8356.9391.4
432.0458.4487.4544.3613.0
683.6755.0789.3833.4873.8
923.2966.5
1,014.71,090.11,172.5
1,244.81,292.71,329.61,368.5
798.0842.3890.2935.4981.8
1,036.91,128.71,191.8
1,210.11,233.81,253.51,281.9
1,295.91,291.11,291.01,293.0
1,315.91,315.11,330.21,357.3
1,359.31,357.11,368.81,388.6
Changein
busi-ness
inven-tories
1.1
1.63.02.73.01.0
3.03.65.04.43.3
2.35.22.72.83.1
1.36.4
15.07.63.1
- 6 . 819.2
.1-11.0
26.2
16.07.14.7
- 8 . 18.1
9.04.35.33.8
- 5 . 2- 5 . 312.521.7
- 7 . 022.2
-18.0- 2 . 8
13.723.3
-1 .4.3
12.2- 2 . 0- 3 . 510.4
7.9- 3 . 8
4.013.2
19.510.4
-7 .2-7 .7
Serv-ices1
181.7
195.1208.6223.0238.1256.9
276.0302.8330.7363.0395.8
434.3477.0523.6571.0631.3
706.9782.2870.4975.5
1,079.6
1,215.41,357.41,494.21,636.31,770.7
1,939.02,097.32,267.22,460.92,642.1
2,849.43,032.73,221.13,409.5
1,553.31,686.11,824.72,008.92,154.12,327.62,528.52,715.2
2,767.72,829.02,880.62,920.5
2,964.83,018.53,057.03,090.4
3,152.73,196.23,239.33,296.1
3,341.83,388.13,437.83,470.3
Struc-tures
61.7
61.162.867.071.977.6
83.886.988.598.9
107.1
108.6127.2145.9161.9164.5
163.8187.5223.3268.1308.8
316.4348.6340.4361.5414.7
447.1466.0478.2497.5511.7
511.5471.9504.6544.6
339.5378.2426.9457.9468.1490.1509.1513.7
530.0518.5509.0488.4
469.0470.4472.3475.7
491.9504.0501.9520.8
522.4531.5548.7575.8
Autooutput
19.4
21.317.822.425.125.9
31.130.227.835.034.7
28.538.941.445.938.8
40.355.164.267.966.2
59.268.365.388.3
104.2
115.8120.4118.9129.1135.1
129.2121.1133.2142.1
63.2101.9110.4115.1122.5120.9136.1131.0
128.4132.1137.6118.8
114.2118.7127.8123.5
125.6137.9133.0136.4
142.8145.9134.6145.1
1 Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included inservices.
Source: Department of Commerce, Bureau of Economic Analysis.
278Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-8.—Cross domestic product by major type of product in 1987 dollars, 1959-93
[Billions of 1987 dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993"
1982: IV1983: IV1984:IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1IIIllIV
1991:1IIIllIV
1992:1IIIllIV
1993:1IIIllIV
Grossdomesticproduct
1,928.8
1,970.82,023.82,128.12,215.62,340.6
2,470.52,616.22,685.22,796.92,873.0
2,873.92,955.93,107.13,268.63,248.1
3,221.73,380.83,533.33,703.53,796.8
3,776.33,843.13,760.33,906.64,148.5
4,279.84,404.54,539.94,718.64,838.0
4,897.34,861.44,986.35,132.7
3,759.64,012.14,194.24,333.54,427.14,625.54,779.74,856.7
4,898.34,917.14,906.54,867.2
4,837.84,855.64,872.64,879.6
4,922.04,956.54,998.25,068.3
5,078.25,102.15,138.35,212.1
Finalsales ofdomes-
ticproduct
1,915.2
1,962.72,016.62,112.52,199.62,324.9
2,445.42,579.52,657.52,773.22,848.2
2,868.02,935.23,084.53,230.93,217.2
3,235.63,355.33,499.03,666.33,783.2
3,784.63,818.63,777.83,902.24,080.6
4,257.64,395.94,513.74,698.64,808.3
4,891.64,869.84,979.85,117.3
3,804.53,982.84,146.24,303.34,447.24,565.64,758.74,831.8
4,893.64,889.04,895.64,888.0
4,855.24,878.04,873.54,872.5
4,926.94,943.84,988.65,059.6
5,048.95,089.15,131.85,199.4
Change
inbusi-ness
inven-tories
13.6
8.17.2
15.616.015.7
25.136.727.623.624.8
5.920.822.537.730.9
-13 .925.534.337.213.6
- 8 . 324.6
- 1 7 . 54.4
67.9
22.18.5
26.319.929.8
5.7- 8 . 4
6.515.4
-44 .929.347.930.2
- 2 0 . 159.920.924.9
4.728.110.9
-20 .9
-17 .4- 2 2 . 3
- . 97.1
- 5 . 012.69.68.7
29.313.06.5
12.7
Goods l
Total
Total
825.2
835.3840.9889.6914.9967.6
1,033.01,113.31,129.41,168.91,193.9
1,173.01,182.01,251.01,349.81,328.2
1,291.81,372.71,436.91,507.31,537.1
1,509.51,547.41,468.71,531.71,667.7
1,695.01,740.11,794.51,892.51,961.7
1,973.21,946.52,005.72,081.3
1,447.71,597.81,680.91,708.11,741.81,850.81,926.01,956.9
1,978.01,985.71,975.81,953.5
1,939.11,937.51,953.31,956.3
1,967.61,986.62,011.02,057.7
2,060.22,069.12,074.92,121.0
Finalsales
811.6
827.1833.7874.0898.9952.0
1,007.91,076.61,101.71,145.31,169.1
1,167.11,161.31,228.41,312.11,297.3
1,305.71,347.21,402.61,470.11,523.5
1,517.71,522.91,486.21,527.31,599.8
1,672.91,731.61,768.21,872.61,932.0
1,967.51,954.91,999.22,065.9
1,492.61,568.51,633.01,677.91,761.81,790.91,905.01,932.0
1,973.31,957.61,964.91,974.3
1,956.51,959.81,954.21,949.2
1,972.61,973.92,001.42,049.0
2,030.92,056.12,068.52,108.3
Changein
busi-ness
inven-tories
13.6
8.17.2
15.616.015.7
25.136.727.623.624.8
5.920.822.537.730.9
-13 .925.534.337.213.6
- 8 . 324.6
-17 .54.4
67.9
22.18.5
26.319.929.8
5.7- 8 . 4
6.515.4
-44 .929.347.930.2
-20 .159.920.924.9
4.728.110.9
-20 .9
-17 .4-22 .3
- . 97.1
- 5 . 012.69.68.7
29.313.06.5
12.7
Durable goods
Finalsales
273.8
277.8273.5296.5310.4334.3
364.1399.4413.7430.4438.4
428.0419.2458.4528.0524.6
521.6540.6583.6623.7654.1
626.4619.4578.9601.5655.1
703.4731.5753.5833.1868.1
893.1878.9911.7968.1
580.9639.4677.6703.1750.4769.4852.9862.3
907.5889.9889.2885.7
871.8885.6881.1877.1
891.3897.6915.2942.6
938.2964.9968.7
1,000.7
Changein
busi-ness
inven-tories
8.6
4.6- . 38.67.5
11.3
18.327.114.512.815.7
- . 98.9
16.231.219.6
-11 .517.015.628.711.7
- 4 . 36.3
-16 .06.3
45.7
9.31.9
21.623.323.8
- 1 . 9-12 .0
2.412.3
-41 .926.739.711.9
-11 .936.933.531.0
- 3 . 99.89.1
-22 .4
-28 .5-19 .7
2.3- 2 . 0
-11 .615.66.3
- . 8
13.03.9
13.918.3
Nondurable goods
Finalsales
537.8
549.3560.2577.5588.5617.6
643.8677.2688.0714.9730.7
739.1742.1770.0784.1772.7
784.1806.6819.0846.4869.3
891.4903.4907.3925.8944.7
969.51,000.11,014.71,039.51,063.9
1,074.51,076.01,087.61,097.8
911.6929.1955.3974.9
1,011.41,021.51,052.21,069.6
1,065.81,067.71,075.71,088.6
1,084.61,074.21,073.11,072.1
1,081.31,076.31,086.21,106.4
1,092.71,091.11,099.81,107.6
Changein
busi-ness
inven-tories
5.0
3.57.57.08.64.4
6.99.6
13.110.99.1
6.911.96.46.5
11.3
- 2 . 58.5
18.78.51.9
- 4 . 018.3
- 1 . 5- 1 . 822.3
12.96.74.7
- 3 . 46.0
7.53.64.13.1
- 3 . 02.68.3
18.3- 8 . 223.0
-12 .5- 6 . 1
8.618.31.81.5
11.1- 2 . 6- 3 . 2
9.0
6.6- 2 . 9
3.39.6
16.39.1
- 7 . 4- 5 . 6
Serv-ices1
843.7
877.3916.7956.8999.9
1,052.6
1,102.11,168.41,226.61,277.81,324.6
1,362.01,401.81,454.11,508.31,553.9
1,602.21,649.11,701.21,770.61,821.7
1,864.31,895.71,922.81,976.82,033.1
2,115.32,185.02,267.22,349.72,403.9
2,464.52,495.92,534.72,586.2
1,942.11,998.32,058.12,148.82,208.22,290.92,372.42,430.0
2,441.12,464.42,475.12,477.3
2,481.22,500.92,502.02,499.4
2,515.12,522.32,544.82,556.5
2,565.32,577.52,596.72,605.5
Struc-tures
259.9
258.2266.1281.7300.8-320.4
335.4334.5329.3350.1354.5
338.9372.1401.9410.4366.1
327.7359.0395.2425.6438.0
402.5400.0368.8398.1447.7
469.4479.3478.2476.4472.5
459.6419.0445.8465.1
369.8416.0455.1476.5477.2483.8481.3469.8
479.2467.1455.6436.5
417.6417.2417.3423.9
439.3447.7442.3454.2
452.7455.5466.6485.6
Autooutput
59.5
63.853.163.368.969.5
83.280.472.486.682.9
65.485.389.998.779.0
74.896.8
106.0104.294.8
79.186 879.2
101.7115.8
125.0124.4118.9127.3128.0
121.4109.5117.4120.3
75.3113.7122.4122.4124.1120.3134.6123.8
121.4123.9129.9110.3
104.5109.0115.1109.5
110.9121.8116.8120.1
122.5123.4113.5123.7
1 Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included inservices.
Source: Department of Commerce, Bureau of Economic Analysis.
279Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-9.—Gross domestic product by sector, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarterGross
domesticproduct
Business1
Total » Nonfarm1 Farm
Statis-tical
discrep-ancy
House-holdsand
institu-tions
General government2
Total FederalStateandlocal
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
1985.1986198719881989
1990199119921993".
1982: IV1983: IV1984: IV1985-.IV1986: IV1987: IV1988-.IV1989: IV
1990:1IIIllIV
1991:1IIIllIV
1992:1IIIllIV
1993:1IIIllI V
494.2
513.3531.8571.6603.1648.0
702.7769.8814.3889.3959.5
1,010.71,097.21,207.01,349.61,458.6
1,585.91,768.41,974.12,232.72,488.6
2,708.03,030.63,149.63,405.03,777.2
4,038.74,268.64,539.94,900.45,250.8
5,546.15,722.96,038.56,374.0
3,195.13,547.33,869.14,140.54,336.64,683.05,044.65,344.8
5,461.95,540.95,583.85,597.9
5,631.75,697.75,758.65,803.7
5,908.75,991.46,059.56,194.4
6,261.66,327.66,395.96,510.8
436.9
451.4465.7500.5527.1565.7
614.1670.1703.5765.4822.5
858.7931.2
1,025.31,151.51,242.7
1,346.11,507.41,691.11,921.12,147.9
2,328.92,611.72,692.12,914.83,251.1
3,473.53,665.73,890.84,201.04,495.9
4,725.94,848.55,114.45,400.6
2,724.03,046.63,330.33,561.23,718.34,016.64,327.34,569.8
4,664.84,726.24,756.14,756.5
4,770.74,827.34,880.74,915.3
5,001.95,071.25,130.25,254.4
5,303.05,359.05,416.65,523.7
419.8
434.7447.9481.4508.7547.2
592.9644.4680.5742.8799.9
832.5900.0991.7
1,102.21,193.9
1,291.41,450.61,633.01,858.72,069.7
2,259.22,530.92,634.42,855.53,191.6
3,420.33,601.53,849.54,161.84,413.7
4,633.04,760.15,006.45,301.0
2,674.12,986.93,283.23,501.53,656.03,970.94,291.94,476.6
4,564.74,641.04,656.44,670.1
4,691.24,739.94,774.74,834.6
4,894.04,964.25,028.85,138.7
5,184.75,263.75,330.15,425.4
18.9
19.820.120.220.419.3
21.922.922.222.725.2
26.228.132.649.847.4
48.846.447.254.764.5
56.169.965.149.268.5
67.162.966.067.681.1
85.178.884.481.3
60.045.867.565.764.370.660.8
86.987.184.881.5
79.283.078.774.5
84.883.485.883.6
83.883.373.285.0
-1 .8
-3 .1-2.2-1 .0-2 .0
- . 7
- . 72.8.8
- . 1-2.6
.03.11.1
- . 51.4
6.010.410.97.6
13.8
13.610.9
-7.410.2
-9.0
-13.91.2
-24.8-28.4
1.1
7.89.6
23.618.2
-10.113.8
-20.5-5.9-2.0
-24.9-25.4
12.8
13.1-1 .814.94.9
.24.5
27.36.2
23.123.615.732.1
34.412.013.313.3
12.4
13.914.515.616.717.9
19.321.323.426.129.5
32.435.639.043.047.2
52.057.162.471.078.9
89.3100.5111.6121.3132.0
141.7153.3170.5187.6206.1
227.5245.3267.0286.3
115.5125.1135.6145.6157.8177.6194.3213.3
218.9225.1230.9235.0
238.0242.7247.6252.7
258.7264.0269.6275.7
280.3284.7288.1292.3
44.9
48.151.655.559.364.4
69.378.487.497.8
107.5
119.5130.4142.6155.1168.8
187.7203.9220.6240.7261.9
289.8318.4345.8368.9394.1
423.6449.6478.7511.7548.8
592.8629.1657.1687.1
355.6375.6403.2433.6460.5488.8523.0561.7
578.2589.6596.8606.4
623.0627.7630.2635.6
648.0656.3659.8664.3
678.4683.9691.2694.7
21.7
22.623.725.226.528.5
30.034.337.941.944.9
48.551.154.957.261.1
66.671.075.681.887.1
96.3107.7117.3125.0132.2
140.3143.7151.4159.8169.1
180.1192.7199.8207.0
121.1126.2134.1142.4144.9153.2161.3170.6
177.9180.4179.7182.3
193.2192.7192.1192.7
200.0200.6200.0198.7
206.2206.2208.3207.1
23.1
25.527.930.232.935.9
39.344.149.555.962.6
71.179.387.797.9
107.6
121.1132.9145.0158.9174.8
193.5210.7228.5243.9261.9
283.2305.9327.3351.9379.8
412.7436.5457.3480.1
234.5249.4269.2291.2315.6335.6361.7391.2
400.4409.2417.1424.1
429.8435.1438.1442.9
448.0455.7459.7465.6
472.1477.7483.0487.6
1 Includes compensation of employees in government enterprises.2 Compensation of government employees.
Source: Department of Commerce, Bureau of Economic Analysis.
280Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-10.—Gross domestic product by sector in 1987 dollars, 1959-93
[Billions of 1987 dollars; quarterly data at seasonally adjusted annual rates]
Year or quarterGross
domesticproduct
Business'
Totall Nonfarm' Farm
Statis-tical
discrep-ancy
House-holdsand
institu-tions
General government2
Total FederalStateandlocal
1959...
1960...1961...1962...1963...1964...
1965...1966...1967...1968...1969...
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993".
1982: IV1983:IV1984: IV1985: IV ,1986: IV1987: IV1988: IV1989: IV
1990:1
IV
1991:1..IIIII....IV....
1992:IIIllIV
1993: f....
IV..
1,928.8
1,970.82,023.82,128.12,215.62,340.6
2,470.52,616.22,685.22,796.92,873.0
2,873.92,955.93,107.13,268.63,248.1
3,221.73,380.83,533.33,703.53,796.8
3,776.33,843.13,760.33,906.64,148.5
4,279.84,404.54,539.94,718.64,838.0
4,897.34,861.44,986.35,132.7
3,759.64,012.14,194.24,333.54,427.14,625.54,779.74,856.7
4,898.34,917.14,906.54,867.2
4,837.84,855.64,872.64,879.6
4,922.04,956.54,998.25,068.3
5,078.25,102.15,138.35,212.1
1,582.1
1,609.51,650.71,740.81,818.81,930.4
2,045.32,162.62,208.02,303.02,366.2
2,368.42,447.42,594.82,749.72,719.6
2,684.62,840.12,987.83,144.23,226.0
3,193.43,253.63,167.33,308.23,541.7
3,658.13,768.33,890.84,050.64,150.5
4,190.84,144.84,267.64,404.3
3,166.33,411.53,583.03,706.13,786.73,969.94,104.24,161.9
4,199.44,211.94,197.74,154.3
4,119.44,137.04,157.64,165.0
4,206.74,239.84,277.94,346.2
4,353.94,374.14,408.44,480.8
1,543.4
1,574.31,611.61,698.01,778.61,886.8
2,001.72,109.12,158.82,258.02,326.7
2,318.92,388.62,541.32,702.02,666.0
2,619.62,768.12,914.63,083.83,155.0
3,123.43,179.23,115.83,243.13,496.4
3,608.63,702.83,849.54,014.84,083.4
4,112.44,066.24,168.44,315.5
3,116.93,349.03,548.93,646.83,724.43,925.54,074.54,085.0
4,118.74,141.74,112.54,076.5
4,047.74,062.24,065.04,090.0
4,110.04,141.04,182.64,240.0
4,247.44,288.14,330.14,396.4
45.2
46.446.946.347.146.0
46.144.546.545.146.8
49.550.550.748.650.7
53.152.553.848.250.4
51.060.860.253.755.1
64.264.366.063.266.2
71.670.479.673.9
61.147.056.165.564.469.053.865.2
69.071.872.173.5
71.671.069.269.7
77.279.182.279.7
78.276.267.573.6
-6.5
-11.2-7.8-3.6-6.8-2.4
-2.59.02.6-.1
-7.2
.08.32.8
-1.03.0
11.919.519.412.220.6
19.013.6-8.711.5-9.8
-14.71.3
-24.8-27.4
.9
6.98.119.714.9
-11.715.5
-22.0-6.2-2.1
-24.6-24.1
11.7
11.8-1.613.14.2
.23.8
23.35.3
19.419.713.126.5
28.39.810.810.8
86.587.591.193.696.5
100.4104.7108.3111.8115.5
114.1116.7120.0123.2124.3
128.0128.6129.8135.1138.3
142.6145.6148.9151.0154.9
159.9166.3170.5180.6190.5
196.9202.4209.1217.0
149.6151.7156.8162.3166.9173.2184.7193.2
193.8196.2198.5199.2
200.0201.9202.9204.7
206.5207.4210.3212.4
213.5216.8218.4219.5
266.5
274.8285.6296.2303.2313.7
324.8348.9368.9382.1391.3
391.4391.8392.2395.7404.1
409.1412.0415.6424.2432.5
440.3443.9444.2447.4451.9
461.8469.9478.7487.4497.0
509.5514.3509.5511.3
443.8448.9454.4465.1473.5482.3490.7501.7
505.0509.1510.2513.6
518.4516.7512.2509.9
508.8509.3510.0509.8
510.8511.3511.5511.8
130.5
132.1135.3141.6140.9141.7
142.3155.4168.1170.7171.2
161.6152.4143.7138.0137.9
137.1137.0137.0138.4137.5
139.2140.9142.4144.8146.4
148.6149.0151.4153.5154.2
156.2157.3150.5147.4
143.2145.2147.1148.7149.8152.8154.0154.8
155.2156.5155.6157.4
161.3158.8155.6153.3
152.0151.0150.1148.8
148.8147.8146.9146.0
136.0
142.7150.3154.7162.3172.0
182.5193.5200.8211.4220.1
229.8239.5248.6257.7266.2
272.0275.0278.6285.8295.0
301.1303.0301.8302.6305.4
313.2320.8327.3333.9342.7
353.3357.0359.0363.9
300.6303.7307.3316.5323.7329.5336.7346.9
349.9352.6354.6356.2
357.1357.8356.6356.5
356.8358.3360.0361.0
362.0363.4364.5365.8
1 Includes compensation of employees in government enterprises.2 Compensation of government employees.
Source: Department of Commerce, Bureau of Economic Analysis.
281Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-l l .—Gross domestic product by industry, 1947-91
[Billions of dollars]
Year
Grossdomes-
ticprod-uct
234.3260.3259.3
287.0331.6349.7370.0370.9
404.3426.2448.6454.7494.2
513.3531.8571.6603.1648.0
702.7769.8814.3889.3959.5
1,010.71,097.21,207.01,349.61,458.6
1,585.91,768.41,974.12,232.72,488.6
2,708.03,030.63,149.63,405.03,777.2
4,038.74,268.64,539.9
4,539.94,900.45,250.8
5,546.15,722.9
Agri-
cul-ture,for-
estry,andfish-eries
20.824.019.4
20.723.823.221.120.7
19.819.719.621.920.3
21.321.722.122.321.4
24.225.424.925.728.5
29.832.137.355.053.2
54.953.854.463.374.6
66.781.177.062.783.7
84.381.788.5
88.590.8
104.8
112.0108.6
Min-ing
6.89.48.1
9.310.210.210.811.0
12.513.613.712.712.5
12.913.013.213.513.9
14.014.715.216.317.1
18.718.919.623.837.0
42.847.554.161.471.2
112.6148.1146.1127.9137.1
130.682.783.0
83.087.984.2
103.191.8
Con-struc-tion
9.111.511.5
13.215.616.917.517.7
19.021.222.121.823.7
24.225.227.028.931.5
34.637.739.543.348.4
51.156.162.569.873.7
75.285.193.9
110.7124.8
128.7129.4129.4137.9161.2
179.2201.9213.0
213.0227.6235.9
240.1223.4
Manufacturing
Total
66.274.772.3
84.199.1
103.4112.4106.8
121.4127.4132.0124.6142.2
144.8145.3159.1168.6180.5
199.1218.2223.7244.3257.8
253.1266.7294.3327.6341.2
358.8409.6466.8521.9575.7
588.3653.0647.5693.3773.9
798.5829.3878.4
877.8961.0
1,004.6
1,024.71,026.2
Dura-ble
goods
33.538.237.2
45.955.659.066.161.0
70.874.078.070.181.7
82.681.792.198.3
105.9
118.8131.1134.1146.4154.4
146.2154.2172.6195.8202.2
207.1239.9277.7317.5343.8
348.9385.3372.9396.0461.2
471.5480.0503.2
501.9541.1562.6
563.7551.4
Non-dura-ble
goods
32.736.635.1
38.243.544.346.445.8
50.553.554.054.560.5
62.263.667.170.474.6
80.387.189.697.9
103.4
106.9112.5121.7131.8139.0
151.7169.7189.1204.5231.9
239.4267.7274.6297.3312.7
327.0349.3375.2
375.9419.9442.0
461.0474.8
Trans-porta-tionand
publicutili-ties
21.023.723.9
26.630.132.134.133.7
36.739.541.541.744.9
47.148.751.754.658.1
62.267.170.376.182.5
88.097.1
108.3119.1129.9
142.3161.2179.2202.2219.1
242.2273.3292.1326.7358.8
378.0393.8419.9
419.8442.1463.3
481.2506.0
Whole-sale
trade
16.618.317.6
19.822.522.723.223.5
26.629.030.531.134.2
35.336.438.840.543.6
47.251.554.860.265.1
68.674.383.293.5
107.1
117.0124.8137.9157.1178.6
191.6212.7216.5223.6258.4
276.6290.9302.6
293.1331.0351.6
363.0375.1
Retailtrade
27.530.130.3
31.734.336.337.238.1
40.542.444.645.349.1
50.451.755.457.963.5
68.072.778.286.694.2
100.2109.2118.9131.0136.9
153.0172.4190.4214.9233.2
244.7269.3286.6321.1361.3
390.9418.7440.1
441.8471.7502.5
515.7532.1
Fi-nance,insur-ance,andreal
estate
24.027.229.4
32.335.839.443.747.5
51.455.059.263.968.9
73.578.082.487.192.9
99.9108.0117.3126.8136.4
146.3163.1176.5193.1208.9
226.7250.1283.6328.6370.8
418.4469.6503.9565.3619.0
681.8743.5809.9
809.7866.3926.5
982.41,039.7
Serv-ices
20.221.922.6
24.226.428.230.231.6
35.238.741.844.148.4
51.655.059.363.469.1
74.782.690.899.4
110.7
120.5130.3144.9163.2179.4
199.3224.1255.7294.6333.0
377.0425.1469.8521.3586.9
650.9712.8784.0
782.5865.5948.8
1,040.01,089.8
Govern-ment
20.220.923.1
24.230.935.636.837.9
40.042.545.448.951.7
55.459.163.568.474.1
79.589.198.8
110.7121.4
134.2146.2160.4173.9189.9
209.8229.3247.1270.5293.9
324.2358.1388.0415.0445.9
481.8512.1545.3
545.3584.8627.6
676.3720.6
Sta-tis-ticaldis-
crep-ancy l
Based on 1972 SIC:
194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
198519861987
Based on 1987 SIC:
198719881989
19901991
1.8- 1 . 2
1.0
1.02.91.82.82.4
1.2- 2 . 8- 1 . 9- 1 . 1- 1 . 8
- 3 . 1- 2 . 2- 1 . 0- 2 . 0
- . 7
- . 72.8
.8- . 1
- 2 . 6
.03.11.1
- . 51.4
6.010.410.97.6
13.8
13.610.9
- 7 . 410.2
-9.0
-13.91.2
-24.8
-24.8-28.4
1.1
7.89.6
1 Equals gross domestic product (GDP) measured as the sum of expenditures less gross domestic income—that is, GDP measured asthe costs incurred and profits earned in domestic production.
Source: Department of Commerce, Bureau of Economic Analysis.
282Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-12.—Gross domestic product by industry in 1987 dollars, fixed 1987 weights, 1977-91
[Billions of dollars]
Year
Based on1972 SIC:197719781979
19801981198219831984
198519861987
Based on1987 SIC:198719881989
19901991
Grossdomes-
ticproduct
3,533.33,703.53,796.8
3,776.33,843.13,760.33,906.64,148.5
4,279.84,404.54,539.9
4,539.94,718.64,838.0
4,897.34,861.4
Agri-cul-ture,for-
estry,andfish-eries
63.759.262.4
63.272.773.368.471.5
81.984.588.5
88.585.188.0
95.897.4
Min-ing
83.585.071.9
79.974.273.171.382.0
83.383.083.0
83.094.283.3
91.891.5
Con-struc-tion
190.8198.8200.3
185.4174.7164.9170.0190.9
209.0209.1213.0
213.0211.7213.1
210.2194.5
Manufacturing
Total
741.6773.1777.1
725.4746.7711.1733.8791.4
810.5819.1878.4
877.8923.5932.2
928.5908.0
Dura-ble
goods
440.9460.9458.0
424.3429.7392.4402.5458.4
468.1471.5503.2
501.9536.4543.2
537.0525.5
Non-durablegoods
300.7312.2319.2
301.1317.1318.7331.3333.0
342.4347.7375.2
375.9387.2389.1
391.5382.5
Trans-porta-tionand
publicutili-ties
314.3325.1335.5
336.3337.1331.3351.7377.6
381.8386.9419.9
419.8437.1449.4
462.6478.1
Whole-sale
trade
170.1185.8195.8
190.5207.5218.2224.2259.5
273.0307.1302.6
303.1311.3324.5
319.5326.4
Retailtrade
318.0338.1334.8
320.1330.6336.8365.1397.7
421.4453.2440.1
441.8469.7483.9
478.1474.1
Fi-nance,insur-ance,andreal
estate
596.5631.0667.4
692.8704.7708.4727.9762.1
776.4776.6809.9
809.7846.5865.5
868.3878.4
Serv-ices
538.9573.5592.8
609.0624.4629.2649.5687.8
722.0751.7784.0
782.5812.8845.7
869.4866.7
Govern-ment
475.7488.3498.6
508.9511.6507.1512.5516.9
527.5536.4545.3
545.3555.9567.0
581.5586.5
Sta-tis-ticaldis-
crep-ancy x
19.412.220.6
19.013.6
- 8 . 711.5
- 9 . 8
-14 .71.3
- 2 4 . 8
- 2 4 . 8- 2 7 . 4
.9
6.98.1
Resid-ual2
20.833.439.6
45.745.315.620.821.0
7.7- 4 . 4
.0
.01.8
-15 .5
- 1 5 . 3- 4 8 . 4
1 Equals the current-dollar statistical discrepancy deflated by the implicit price deflator for gross domestic business product.2 Equals cross domestic product (GDP) in constant dollars measured as the sum of expenditures less the statistical discrepancy in
constant dollars and GDP in constant dollars measured as the sum of gross product originating by industry.Note.—Constant-dollar values are equal to fixed-weighted quantity indexes with 1987 weights divided by 100 and multiplied by the
1987 value of current-dollar GDP.Source: Department of Commerce, Bureau of Economic Analysis.
283Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-13.—Gross domestic product of nonfinancial corporate business, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959196019611962196319641965 .196619671968196919701971197219731974197519761977197819791980198119821983,1984198519861987198819891990199119921993 "1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV1990: I
IIillIV
1991: IIIIllIV
1992: IIIIllIV
1993: IIIIllIV P
Grossdomes-
ticproduct
ofnon-
financialcorpo-
ratebusi-ness
267.5278.1285.5311.7331.8358.1393.5431.0453.4500 5543.35614606.4673 3754.5814.6881.2994.6
1124.71,279.41,423.71,546.51,748.61802 81,936.12,166.52,293.62 386 32!547.32 764 82,913.53,045.53 082.13,243.4
1,806.32,037.22,228.22,338.82,422.82,627.62,843.22,951.53,007.73,064.13,057.83,052.53,048.b3,063.43,086.83,129.53,159.83,218.13,264.23,331.63,331.73,395.93,432.2
Con-sump-tionof
fixedcap-ital
24.225.226.026.928.129.531534.337.541445.349 754.661066.277.593.3
103.8116.2132.3153.0174.8207.0229 4242.1248.1258.02714281.4297 5317.4329.33415352 7362.3238.8261.5258.9263.4275.8286.1304.5326.5322.6326.6332.0336.1339.4340.4342.3343.9345.1347.8366.1351.7356.8359.0367.0366.3
Net domestic product
Total
243.2252.9259.6284.8303.7328.6362 0396.7415.94591498.05116551.7612 4688.3737.1788.0890.8
1,008.51,147.21,270.71,371.71,541.51573 41,694.01,918.32,035.52 114 92,265.92 467 32,596.22,716.22 740 62,890.7
1,567.51,775.71,969.42,075.42,147.12,341.42,538.82,625.02,685.12,737.52,725.82,716.42,709.22,722.92,744.52,785.62,814.62,870.32,898.22,979.92,975.03,036.83,065.1
Indi-rectbusi-ness
taxes*
26.028.329.532.034.036.639.240.543.149 754.758 864.569 276.381.487.495.1
104.1114.6123.3139.4167.9169 4185.8206.9220.32314241.02571274.2290.43115327 7345.5172.6194.0212.4223 8233.6245.4263.1279.0285.3285.8294.0296.6304.2307.1315.3319.5321.8323.9329.1336.0333.0344.0347.0357.9
Domestic income
Total
217.2224.6230.1252.8269.7292.0322.8356.2372.8409 3443.3452 84873543 2612.0655.7700.6795.7904.4
1,032.61,147.41,232.41,373.61404 01,508.21,711.41,815.31883 62,024.92 210 22,322.02,425.82,429.02,563.1
1,394.91,581.71,756.91,851.61,913.52,096.02,275.72,346.02,399.82,451.72,431.82,419.82,405.02,415.82,429.22,466.12,492.92,546.42,569.02,643.92,642.02,692.82,718.1
Com-pensa-tion ofemploy-
ees
171.5181.2185.3200.1211.1226.7246.5274.0292.3323 2358.8378 7402.0447 1505.9556.8580.3656.7741.8850.2964.2
1,053.51,164.81209 91,271.61,409.21,503.21 581 5l!675.01 814 2l!920.22,020.92,053.82 149 52,255.41,213.91,327.61,449.71,540.11,611.41,730.11,868.81,954.61,987.42,019.42,037.52,039.32,028.32,040.12,061.62,085.32,103.82,135.42,162.72,195.92,215.02,244.72,267.12,294.9
Corporate profits with inventory valuation and capitalconsumption adjustments
Total
42.640.040.848.253.860.070.374.971.876 071.357 167.277 083.670.691.5
111.5132.0146.1138.1120.7136.91115159.9214.3221.4203.8244.2274.4255.2256.4233.9278 3314.8101.5175.2211.4221.4198.6256.8278.5240.7263.9282.9246.5232.4232.8235.5227.0240.4252.3273.9272.7314.1292.1315.0318.2
Profits
Profitsbefore
tax
43.640.340.145.049.856.066.271.467.574 070.858167.178 698.6
109.2109.9137.3158.6183.5195.5181.6181.0132 9155.9189.0165.5149.1212.0256.6232.9232.1214.82551286.8116.5168.1169.0168.4168.5224.8271.4215.9223.3233.8244.6226.7207.8209.9218.2223.3235.1260.2251.8273.2268.4291.2281.8
Profitstax
liability
20.719.219.520.622.824.027.229.527.833 633.327 229.933 840.242.241.553.059.967.169.667.063.946 359.473.769.975.693.5
101.799.593.982.798.2
114.940.664.462.671.186.599.6
107.991.189.695.098.892.079.781.184.385.990.8
100.895.3
105.8106.4117.6112.5
Profits after tax
Total
22.921.120.724.327.032.139.041.939.740 437.531037.144 858.467.068.484 498.7
116.4125.9114.6117.186 796.4
115.495.673.5
118.5154 9133.3138.3132.1156 9171.875.9
103.7106.497.282.0
125.1163.5124.8133.7138.8145.8134.8128.2128.8133.9137.4144.3159.4156.5167.4162.0173.6169.3
Divi-dends
10.010.610.611.412.613.715 616.817.519119.118 518.520121.121.724.827.832 037.239.345.553.456 466.569.574.576.377.982 0
101.9118.194.0
105 2125.359.067.468.774.775.284.084.3
102.3118.0117.4120.0117.2103.192.989.090.993.9
100.3105.9120.7127.4125.4124.0
Undis-tributedprofits
12.910.610.113.014.418.423 425.122.221 318.412 518.724 737.345.243.656.666 879.186.769.163.730 229.945.921.1
- 2 . 840.672 931.520.138.151746.516.936.337.722.56.8
41.279.222.515.821.425.817.525.135.944.946.550.559.150.546.734.648.245.3
Inven-toryvalu-ation
adjust-ment
- 0 . 3- .2
.3
.0
.1- .5
- 1 . 2- 2 . 1- 1 . 6- 3 7- 5 . 9- 6 6- 4 . 6- 6 6
-20 .0-39 .5-11.0-14.9-16 .6-25 .0-41.6-43 .0-25.7
- 9 9- 8 . 5- 4 . 1
.29.7
-14 .5- 2 7 3-17 .5-11 .0
4.9- 5 . 3- 7 . 8- 8 . 6- 7 . 6
3.5- 3 . 8
-10.7-17 .8-31.7-13 .5
- 2 . 08.9
-31 .5-19 .5
8.212.7
- 3 . 01.9
- 4 . 6-13.7
- 7 . 84.9
-12.7-12 .2
1.0- 7 . 2
Capitalcon-
sump-tion
adjust-ment
-0 .7- .2
.33.23.94.55.35.65.8566.3554.7505.0
.9- 7 . 4
-10.9-10 .0-12 .3-15.9-17.8-18 .4- 1 1 5
12.529.455.644.946.745.039.935.314.228.535.9
- 6 . 414.738.956.940.849.838.838.342.640.133.425.216.812.811.815.221.827.428.836.036.436.035.435.7
Netinter-est
3.13.54.04.54.85.36.17.48.8
10113.217 118.119 222.528.328.727.530.636.345.158.271.982 576.787.990.798.3
105.8121.6146.6148.5141.3135.3
79.678.995.890.0
103.5109.2128.4150.7148.5149.5147.9148.2143.9140.2140.6140.5136.8137.1133.6133.9134.9133.1132.8
1 Indirect business tax and nontax liability plus business transfer payments less subsidies.Source: Department of Commerce, Bureau of Economic Analysis.
284Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-14.—Output, costs, and profits oj nonfinancial corporate business, 1959-93
[Quarterly data at seasonally adjusted annual rates]
Year or quarter
Gross domesticproduct of
nonfinancialcorporatebusiness
(billions ofdollars)
Current 1987dollars dollars
Current-dollar cost and profit per unit of output (dollars)»
Totalcostand
profit2
Con-sump-
tionof
fixedcap-ital
Indi-rectbusi-ness
taxes 3
Com-pen-
sationof
smploy-
Corporate profits withinventory valuation and
capital consumptionadjustments
TotalProfits
taxliability
Profitsaftertax4
Netinterest
Outputper hour
of allemploy-
ees(1987
dollars)
Compen-sation
per hourof all
employ-ees
(dollars)
195919601961196219631964.,1965196619671968196919701971197219731974
1975197619771978197919801981198219831984198519861987198819891990199119921982: IV..1983: IV..1984: IV..1985: IV..1986: IV..1987: IV...1988: IV..1989: IV..
1990:1IIIllIV
1991:1IIIllIV
1992:1IIIllIV
1993:1II
267.5278.1285.5311.7331.8358.1393.5431.0453.4500.5543.3561.4606.4673.3754.5814.6881.2994.6
1,124.71,279.41,423.7
1,546.51,748.61,802.81,936.12,166.52,293.62,386.32,547.32,764.82,913.53,045.53,082.13,243.4
1,806.32,037.22,228.22,338.82,422.82,627.62,843.22,951.5
3,007.73,064.13,057.83,052.5
3,048.63,063.43,086.83,129.5
3,159.83,218.13,264.23,331.6
3,331.73,395.93,432.2
928.7955.6978.2
1,047.51,104.81,179.31,262.21,336.01,367.41,444.31,492.51,473.41,525.91,629.51,706.91,669.71,625.61,748.51,866.71,967.11,995.71,980.92,035.12,001.32,112.32,284.12,364.32,439.32,547.32,684.82,718.92,747.42,710.02,822.31,999.62,204.22,328.42,396.92,463.32,604.02,719.02,722.7
2,742.92,771.42,750.52,725.0
2,694.12,692.42,708.52,745.0
2,759.52,802.62,839.82,887.4
2,867.52,916.62,948.9
0.288.291.292.298.300.304.312.323.332.347.364.381,397.413.442.488.542.569.603.650.713.781.859.901.917.949.970.978
1.0001.0301.0721.1091.1371.149.903.924.957.976.984
1.0091.0461.084
1.097.106.112.120
.132
.138
.1401.140
1.1451.1481.1491.154
1.1621.1641.164
0.026.026.027.026.025.025.025.026.027.029.030.034.036.037.039.046.057.059.062.067.077.088.102.115.115.109.109.111.110.111.117.120.126.125.119.119.111.110.112.110.112.120
.118
.118
.121
.123
.126
.126
.126
.125
.125
.124
.129
.122
.124
.123
.124
0.028.030.030.031.031.031.031.030.032.034.037.040.042.042.045.049.054.054.056.058.062.070.082.085.088.091.093.095.095.096.101.106.115.116.086.088.091.093.095.094.097.102
.104
.103
.107
.109
.113
.114
.116
.116
.117
.116
.116
.116
.116
.118
.118
0.185.190.189.191.191.192.195.205.214.224.240.257.263.274.296.333.357.376.397.432.483.532.572.605.602.617.636.648.658.676.706.736.758.762.607.602.623.643.654.664.687.718
.725
.729
.741
.748
.753
.758
.761
.760
.762
.762
.762
.761
.772
.770
.769
0.046.042.042.046.049.051.056.056.052.053.048.039.044.047.049.042.056.064.071.074.069.061.067.056.076.094.094.084.096.102.094.093.086.099.051.079.091.092.081.099.102
.096
.102
.090
.085
.086
.087
.084
.088
.091
.098
.096
.109
.102
.108
.108
0.022.020.020.020.021.020.022.022.020.023.022.018.020.021.024.025.026.030.032.034.035.034.031.023.028.032.030.031.037.038.037.034.031.035.020.029.027.030.035.038.040.033
.033
.034
.036
.034
.030
.030
.031
.031
.033
.036
.034
.037
.037
.040
.038
0.024.022.022.026.028.031.034.034.032.029.025.020.024.027.025.017.031.033.039.040.034.027.036.033.048.062.064.053.059.064.057.059.056.064.030.050.064.063.045.060.063.055
.064
.068
.054
.052
.057
.057
.053
.056
.059
.062
.062
.072
.065
.068
.070
0.003.004.004.004.004.005.005.006.006.007.009.012.012.012.013.017.018.016.016.018.023.029.035.041.036.038.038.040.042.045.054.054.052.048.040.036.041.038.042.042.047.055
.054
.054
.054
.054
.053
.052
.052
.051
.050
.049
.047
.046
.047
.046
.045
15.44315.66116.18216.67517.20417.85518.07418.14318.36218.85818.75018.77619.48719.79319.76219.23019.76320.36520.76620.71120.22220.26520.53820.80321.59621.92622.15022.73523.12923.57223.18923.44623.86524.83621.07021.89322.05422.34722.89223.35823.52423.147
23.23123.53723.46823.549
23.63423.73823.88924.246
24.39424.67825.03125.310
25.05325.29625.512
2.8512.9693.0663.1863.2873.4323.5293.7203.9254.2204.5084.8255.1345.4305.8586.4137.0567.6488.2528.9519.770
10.77711.75512.57713.00213.52714.08314.74115.20815.83316.37717.24618.08718.91512.79113.18713.73214.35914.97515.51816.07116.618
16.83217.15017.38517.623
17.79417.98818.18318.419
18.59718.80319.06219.249
19.35319.46819.629
1 Output is measured by gross domestic product of nonfinancial corporate business in 1987 dollars.2 This is equal to the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted two
places to the left.3 Indirect business tax and nontax liability plus business transfer payments less subsidies.4 With inventory valuation and capital consumption adjustments.
Sources: Department of Commerce (Bureau of Economic Analysis) and Department of Labor (Bureau of Labor Statistics).
2851 5 1 - 4 4 4 0 - 9 4 - 1 0Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-15.—Personal consumption expenditures. 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
Personalcon-
sumptionexpendi-
turesTotal»
Durable goods
Motorvehi-clesand
parts
Furni-tureand
house-hold
equip-ment
Nondurable goods
Total ! Food
Cloth-ingand
shoes
Gaso-lineandoil
Fueloil
andcoal
Services
T o t a l l Hous-
Total
Householdoperation
Ejec-tricityandgas
Trans-porta-tion
Medi-calcare
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 "....
1982: IV.1983: IV.1984:1V.1985: IV.1986: IV.1987: IV.1988:1V.1989: IV.
1990:1...
IV
1991:1..IIIllIV
1992:1IIIllIV
1993:1IIIllIV "....
318.1
332.4343.5364.4384.2412.5
444.6481.6509.3559.1603.7
646.5700.3767.8848.1927.7
1,024.91,143.11,271.51,421.21,583.7
1,748.11,926.22,059.22,257.52,460.3
2,667.42,850.63,052.23,296.13,523.1
3,761.23,906.44,139.94,390.6
2,128.72,346.82,526.42,739.82,923.13,124.63,398.23,599.1
3,679.33,727.03,801.73,836.6
3,843.63,887.83,929.83,964.1
4,046.54,099.94,157.14,256.2
4,296.24,359.94,419.14,487.4
42.8
43.541.947.051.856.8
63.568.570.681.086.2
85.397.2
110.7124.1123.0
134.3160.0182.6202.3214.2
212.5228.5236.5275.0317.9
352.9389.6403.7437.1459.4
468.2457.8497.3537.7
246.9297.7328.2354.4406.8408.8452.9458.3
479.8466.0467.3459.5
448.9452.0465.1465.2
484.0487.8500.9516.6
515.3531.6541.9561.9
18.9
19.717.821.524.426.0
29.930.330.036.138.4
35.544.551.156.149.5
54.871.383.592.291.5
84.091.697.7
120.6144.6
167.4184.9183.5197.8205.4
202.9185.5204.3222.4
105.1134.8149.3162.9188.2186.3203.4198.1
213.9202.2202.8192.9
182.0180.0190.0190.2
199.4200.6203.4213.7
211.7220.8221.7235.4
18.1
18.018.319.320.723.2
25.128.230.032.934.7
35.737.842.447.951.5
54.560.267.174.082.3
86.091.392.5
104.4115.3
123.4135.5144.0156.7167.9
174.2180.6194.5211.7
95.6109.7118.7128.1140.6145.9162.5170.8
175.1173.6173.6174.5
176.1181.2182.9182.4
188.7190.2196.5202.7
203.3208.6214.0220.9
148.5
153.1157.4163.8169.4179.7
191.9208.5216.9235.0252.2
270.4283.3305.2339.6380.8
416.0451.8490.4541.5613.3
682.9744.2772.3817.8873.0
919.4952.2
1,011.11,073.81,149.5
1,229.21,257.91,300.91,350.2
787.3839.8887.8939.5963.7
1,029.41,105.81,173.5
1,201.71,213.61,241.01,260.7
1,252.31,259.21,260.01,260.0
1,278.21,288.21,305.71,331.7
1,335.31,344.81,352.41,368.4
80.7
82.684.887.189.594.6
101.0109.0112.3121.6130.5
142.1147.5158.5176.1198.1
218.5236.0255.9280.6313.0
341.8367.3386.0406.2430.2
451.1476.8500.7533.6565.1
604.8621.4633.7658.3
394.9413.9436.8460.7486.7507.4549.5575.3
591.0601.3611.4615.6
617.1623.1622.1623.2
628.8626.6631.7647.6
648.2654.1660.0671.1
26.4
27.027.629.029.832.4
34.137.439.243.246.5
47.851.756.462.566.0
70.876.684.194.3
101.2
107.3117.2120.5130.8142.5
152.2163.2174.5186.4200.4
207.3213.0228.2237.1
122.7136.7145.7156.2165.8177.6194.4205.4
206.2206.8208.5207.6
208.9214.3215.5213.4
221.4224.5230.7236.1
233.1235.2238.2241.9
11.3
12.012.012.613.013.6
14.816.017.118.620.5
21.923.224.428.136.1
39.743.046.950.166.2
86.797.994.193.394.5
96.979.784.786.996.2
108.4102.9103.4103.6
93.094.994.997.673.087.888.595.9
102.299.7
108.7123.0
107.4102.7101.1100.3
99.9102.9105.8105.2
106.0103.6102.4102.5
4.0
3.83.83.84.04.1
4.44.74.84.74.6
4.44.65.16.37.8
8.410.111.111.514.4
15.415.814.513.814.2
14.112.012.012.112.0
13.213.013.815.1
14.014.113.814.311.312.211.713.2
12.312.314.113.9
13.512.413.312.7
12.814.713.913.9
15.114.915.415.0
126.8
135.9144.1153.6163.1175.9
189.2204.6221.7243.1265.3
290.8319.8351.9384.5423.9
474.5531.2598.4677.4756.2
852.7953.5
1,050.41,164.71,269.4
1,395.11,508.81,637.41,785.21,914.2
2,063.82,190.72,341.62,502.7
1,094.61,209.31,310.41,446.01,552.61,686.41,839.51,967.3
1,997.82,047.52,093.42,116.4
2,142.42,176.62,204.82,239.0
2,284.42,323.82,350.52,407.9
2,445.52,483.42,524.82,557.2
45.0
48.251.254.758.061.4
65.469.574.179.786.8
94.0102.7112.1122.7134.1
147.0161.5179.5201.7226.6
255.2287.1311.1334.6362.3
392.5421.8452.5484.2514.4
547.5574.4600.0627.7
320.2344.6373.8404.6432.7466.6496.0526.6
534.5543.2553.6558.6
564.5571.4577.5584.2
591.2596.9602.5609.2
617.6625.1631.1636.9
18.7
20.321.222.423.625.0
26.528.230.232.335.1
37.841.045.349.855.5
63.772.481.991.2
100.0
113.0126.0141.4153.6165.5
176.2181.1187.8199.5209.8
215.6227.1234.4251.0
145.8159.3168.8180.7182.5189.7203.8217.7
208.1216.2219.1219.1
220.8229.7230.3227.8
228.0234.5230.3245.0
245.7246.7255.2256.3
7.6
8.38.89.49.9
10.4
10.911.512.213.014.0
15.216.618.420.023.5
28.532.537.642.146.8
56.363.472.680.784.6
88.787.188.493.498.0
97.4104.3105.8113.2
74.984.885.990.186.888.695.3
103.7
92.498.199.799.6
100.5107.1105.9103.7
101.3104.7106.0111.0
111.1109.8116.4115.6
10.5
11.211.712.212.713.4
14.515.917.318.920.9
23.727.129.831.233.3
35.741.349.253.659.4
65.169.471.678.989.1
99.0105.8116.6128.5135.6
142.5146.2155.4170.2
73.682.992.5
101.5109.0121.3132.7137.6
139.9141.7143.1145.4
144.0145.0147.0148.8
152.5153.7153.0162.4
166.3169.1170.9174.4
16.3
17.418.620.722.425.7
27.730.533.739.044.4
50.156.563.571.280.1
93.0106.2122.4139.7157.8
181.3213.6240.5265.7290.6
319.3346.4384.7427.7471.9
526.2577.1628.4680.6
250.9274.8299.9333.0358.4398.5444.4489.2
504.4519.0534.8546.6
558.3569.9582.4597.6
609.1622.6634.9646.9
662.2675.4686.9698.0
1 Includes other items not shown separately.2 Includes imputed rental value of owner-occupied housing.
Source: Department of Commerce, Bureau of Economic Analysis.
286Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-16.—Personal consumption expenditures in 1987 dollars, 1959-93
[Billions of 1987 dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19701981198219831984
19851986198719881989
1990199119921993 '.
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1IIIll ..IV
1991:1IIIllIV
1992:1IIIllIV
1993:1IIIllIV....
Personalcon-
sumptionexpendi-tures
1178 9
1,210.81,238.41,293.31,341.91,417 2
1,497.01,573.81,622.41,707.51,771.2
1,813.51,873.71,978.42,066.72,053.8
2,097.52,207.32,296.62,391.82,448.4
2,447.12,476.92,503.72,619.42,746.1
2,865.82,969.13,052.23,162.43,223.3
3,272.63,258.63,341.83,452.5
2,539.32,678.22,784.82,895.33,012.53,074.73,202.93,242.0
3,264.43,271.63,288.43,265.9
3,242.73,256.93,267.13,267.5
3,302.33,316.83,350.93,397.2
3,403.83,432.73,469.63,503.9
Durable goods
Total»
114 4
115.4109.4120.2130.3140 7
156.2166.0167.2184.5190.8
183.7201.4225.2246.6227.2
226.8256.4280.0292.9289.0
262.7264.6262.5297.7338.5
370.1402.0403.7428.7440.7
443.1426.6456.6489.7
272.3319.1347.7369.6415.7404.7439.2436.8
454^8441.8442.4433.2
420.3422.0432.6431.5
446.6447.5459.0473.4
471.9484.2493.1509.9
Motorvehi-clesandparts
59 7
61.354.962.268.4712
81.281.880.391.895.1
85.6100.8114.3123.4102.2
102.9124.6137.3141.5130.5
111.4113.5115.6138.1160.3
180.2193.3183.5194.8196.4
192.7170.5182.3191.7
123.7151.6164.3173.9193.6183.6197.7188.3
203.0192.8193.0182.1
169.4165.9173.7173.0
180.6179.5180.6188.6
185.7191.3189.9199.9
Furni-tureand
house-holdequip-ment
38 2
37.738.140.443.148 3
52.157.659.562.964.3
64.466.873.681.581.9
79.184.291.496.61013
98.597.794.2104.3115.3
123.8136.3144.0155.4165.8
171.6180.0194.8216.3
96.4109.3118.7128.6141.4145.9160.3167.9
172.0171.0171.0172.3
174.3180.0182.7182.9
188.2189.8197.1204.2
206.5212.4219.4227.0
Nondurable goods
TotalJ
518 5
526.9537.7553.0563.6588 2
616.7647.6659.0686.0703.2
717.2725.6755.8777.9759.8
767.1801.3819.8844.8862 8
860.5867.9872.2900.3934.6
958.7991.0
1,011.11,035.11,051.6
1,060.71,048.21,062.91,088.1
880.7915.2942.9968.7
1,000.91,014.61,046.81,058.9
1,059.81,060.61,065.01,057.5
1,048.21,051.11,049.31,044.0
1,052.01,055.01,062.91,081.8
1,076.01,083.11,093.01,100.1
Food
3019
305.8312.1316.3319.23310
346.5359.1364.5380.7389.7
397.5399.2411.9412.6404.7
413.2431.9441.5442.8448.0
448.8446.6451.4463.4472.3
483.0494.1500.7513.4515.0
523.9518.7520.5531.2
458.3467.1475.1488.2496.9502.4518.0515.6
519.0524.1526.5525.8
518.7519.0518.8518.2
518.8515.7518.2529.3
526.7528.6532.6536.9
Cloth-ingandshoes
58 2
58.759.862.463.668 5
71.576.376.980.281.9
81.084.690.496.995.4
98.5103.2108.7119.01241
126.0132.8133.7142.4153.1
158.8170.3174.5178.9187.8
186.2184.7193.7199.2
135.7147.7154.7161.7171.9174.5182.8190.9
188.5185.4186.4184.5
182.9187.0185.9183.1
188.3191.1195.4200.0
194.8197.8200.6203.7
Gaso-lineandoil
38 1
39.439.841.542.8451
47.350.251.855.559.2
62.965.968.672.168.6
70.673.475.777.476.4
72.073.273.975.777.9
79.282.984.786.187.3
86.483.183.984.9
73.476.979.079.584.685.487.588.6
87.986.786.584.6
82.783.783.482.5
82.783.784.784.4
83.984.186.285.3
Fueloilandcoal
22 6
21.720.620.621.622 5
23.524.224.223.021.8
20.219.521.523.318.4
18.120.319.619.518.1
14.011.810.911.111.2
11.512.112.012.011.4
10.510.711.913.0
10.511.411.111.412.411.912.012.0
10.011.011.69.5
10.310.611.410.6
11.112.811.711.9
12.912.613.213.2
Services
Total»
546 0
568.5591.3620.0648.0688 3
724.1760.2796.2837.0877.2
912.5946.7997.4
1,042.21,066.8
1,103.61,149.51,196.81,254.11 296.5
1,323.91,344.41,368.91,421.41,473.0
1,537.01,576.11,637.41,698.51,731.0
1,768.81,783.81,822.31,874.7
1,386.21,443.91,494.21,557.11,595.81,655.51,716.91,746.3
1,749.81,769.21,781.11,775.2
1,774.21,783.81,785.21,792.0
1,803.71,814.31,829.01,842.0
1,855.91,865.41,883.51,893.9
Hous-ing2
159 8
168.1176.0185.8194.4203 5
214.6224.4234.5246.0259.1
269.3280.9295.9310.8326.9
336.5346.7355.4372.9387 9
399.4407.3409.6415.5426.8
435.9442.1452.5461.8469.2
474.6478.6484.2492.0
411.0419.7431.3438.1444.8457.0465.6471.3
473.3474.3475.0475.9
476.3478.1479.4480.6
481.7483.2485.1486.7
488.8490.7493.3495.0
Householdoperation
TotalJ
75 0
78.581.285.288.492 6
96.8101.4106.2110.1115.3
118.9120.8126.8132.0132.5
138.1143.9151.0158.0162 9
167.1165.6166.7169.4173.7
179.1180.8187.8196.9202.6
204.3208.2211.7218.7
166.2173.3174.8182.6182.8189.3198.6208.5
197.9205.1208.0206.0
203.8211.3210.6207.3
205.9210.7213.6216.6
217.9215.6220.8220.8
Elec-tricityandgas
34 5
36.338.340.942.8451
47.249.752.455.058.0
60.461.864.966.566.9
70.472.976.078.879.3
81.680.381.283.784.3
86.685.688.492.794.3
92.295.895.399.0
80.286.884.588.586.888.693.098.8
87793.294.493.8
92.598.997.394.4
92.495.195.398.5
99.196.2100.6100.1
Trans-porta-tion
45 4
46.747.048.750.553.0
55.458.662.065.468.9
71.073.677.879.679.9
81.484.490.292.996.1
91.388.987.491.6100.0
109.2112.6116.6122.5123.8
124.0120.0122.7126.3
88.294.2103.5111.2113.4117.9124.2124.3
124.9124.4124.0122.7
120.2120.1119.7120.2
120.4121.9125.0123.7
124.5126.1126.5128.3
Medi-calcare
95 0
98.4102.0110.2117.1129.8
135.8142.3148.1159.5171.3
180.7193.7207.0222.4231.1
243.8255.5267.9279.2790 9
302.1318.3323.7332.6341.9
353.0366.2384.7399.4408 6
424.6437.6449.2463.2
327.8334.8344.9359.1372.0390.7403.0411.8
418.0423.2427.7429.4
432.6435.3438.8443.6
445.3447.9450.4453.2
458.0461.1465.1468.6
1 Includes other items not shown separately.2 Includes imputed rental value of owner-occupied housing.Source: Department of Commerce, Bureau of Economic Analysis.
287Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-17.—Gross and net private domestic investment, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
Grossprivate
domesticinvest-ment
Less:Consump-
tion offixed
capital
Equals: Net private domestic investment
Total
Net fixed investment
Total
Nonresidential
Total Struc-tures
Pro-ducers'durableequip-ment
dential
Change inbusinessinven-tories
1959..
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993".
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1IIIllIV
1991:1
IV....
1992:1IIIllIV
1993:1
78.8
78.777.987.993.4101.7
118.0130.4128.0139.9155.2
150.3175.5205.6243.1245.8
226.0286.4358.3434.0480.2
467.6558.0503.4546.7718.9
714.5717.6749.3793.6832.3
808.9736.9796.5892.0
464.2614.8722.8737.0697.1800.2814.8825.2
828.9837.8812.5756.4
729.1721.5744.5752.4
750.8799.7802.2833.3
874.1874.1884.0935.8
44.6
46.347.749.351.353.9
57.362.167.473.981.5
97.6109.9120.4140.2
165.2182.8205.2234.8272.4
311.9362.4399.1418.4433.2
454.5478.6502.2534.0580.4
602.7626.1657.9671.2
412.5439.7448.0465.6488.2512.1547.2600.8
590.2597.9607.8614.8
619.9622.3626.7635.4
631.7637.2714.6648.0
663.2663.3679.7678.7
34.2
32.430.338.642.047.8
60.768.360.666.073.7
61.578.095.7
122.7105.5
60.9103.6153.1199.3207.8
155.7195.6104.3128.2285.6
260.0239.1247.1259.6251.9
206.2110.8138.6220.8
51.7175.1274.8271.4208.9288.1267.6224.4
238.7239.9204.7141.5
109.399.2
117.9117.0
119.1162.587.6
185.2
210.8210.8204.3257.1
30.1
29.227.332.536.442.8
51.054.550.156.964.0
59.269.985.8
105.091.3
66.586.8
128.3171.3195.1
165.2170.2120.3133.8214.6
235.4230.4220.9243.4218.6
199.3119.5131.2204.0
98.0154.9223.8238.8227.8228.8250.3194.2
229.1206.6196.3165.4
129.2122.3118.4108.1
124.2149.677.9
173.3
176.3197.7196.6245.4
12.3
13.812.215.316.421.3
30.336.733.235.040.5
38.436.842.559.058.9
41.545.664.994.1
117.3
113.8127.199.169.1
126.6
146.1114.4103.0125.8117.1
116.167.260.4
6.6
7.77.68.38.3
10.3
14.116.015.115.817.9
18.418.418.723.824.5
18.819.923.435.549.9
59.175.572.446.265.1
75.251.846.747.948.6
51.827.513.9
5.7
6.14.67.08.1
11.0
16.220.718.119.222.6
20.018.423.835.234.5
22.725.641.558.667.4
54.751.626.722.961.5
70.962.656.377.968.5
64.339.746.5
17.8
15.415.117.220.021.5
20.717.816.921.923.5
20.833.143.246.032.3
25.141.263.477.377.8
51.443.121.264.687.9
89.3116.0117.9117.6101.5
83.252.370.8
4.2
3.22.96.15.75.0
9.713.810.59.19.7
2.38.09.9
17.714.3
- 5 . 716.724.727.912.8
- 9 . 525.4
-15.9- 5 . 571.1
24.68.6
26.316.233.3
6.9- 8 . 6
7.316.8
-46.320.251.032.6
-18 .859.317.330.2
9.633.3
8.4- 2 3 . 9
-19.9-23.0
- . 58.9
- 5 . 112.99.7
12.0
34.613.17.7
11.7
Source: Department of Commerce, Bureau of Economic Analysis.
288Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-18.—Gross and net private domestic investment in 1987 dollars, 1959-93
[Billions of 1987 dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
Grossprivate
domesticinvest-ment
Less:Consump-
tion offixed
capital
Equals.- Net private domestic investment
Total
Net fixed investment
Total
Nonresidential
TotalStruc-tures
Pro-ducers'durableequip-ment
Resi-dential
Change inbusiness
inven-tories
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993".
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1IIIllIV
1991:1IIIllIV
1992:1IIIllIV
1993:1IIIllI V
296.4
290.8289.4321.2343.3371.8
413.0438.0418.6440.1461.3
429.7475.7532.2591.7543.0
437.6520.6600.4664.6669.7
594.4631.1540.5599.5757.5
745.9735.1749.3773.4784.0
746.8675.7732.9820.9
503.5669.5756.4763.1705.9793.8785.0769.5
766.5773.9751.0695.7
667.8659.8682.8692.3
691.7737.0739.6763.0
803.0803.6813.4863.6
168.8
173.7178.6183.6189.6196.4
205.0214.9225.2235.3246.7
258.0269.1285.0296.4310.3
322.8334.6348.4364.5384.5
400.7417.8429.5447.4455.5
471.5486.7502.2518.5545.5
554.8569.2595.0598.6
439.2468.5467.4480.1492.5508.1524.7559.6
549.7553.1556.5559.9
563.3566.5569.5577.6
574.8577.6643.7584.0
595.0592.5604.4602.6
127.5
117.1110.8137.6153.7175.4
208.1223.0193.4204.7214.6
171.7206.6247.2295.3232.6
114.8186.1252.1300.0285.2
193.7213.2111.0152.1302.0
274.4248.4247.1254.9238.5
192.0106.4137.8222.3
64.3201.0289.0283.0213.3285.7260.3209.9
216.8220.7194.5135.8
104.593.2
113.4114.6
116.9159.595.9
179.0
208.1211.1208.9261.0
114.0
109.0103.6122.0137.7159.7
182.9186.3165.8181.1189.8
165.8185.8224.6257.6201.7
128.7160.6217.8262.8271.6
201.9188.7128.5147.7234.0
252.3239.9220.9235.0208.7
186.3114.8131.3206.9
109.2171.7241.1252.8233.4225.8239.3185.0
212.1192.6183.7156.7
121.9115.6114.3107.6
121.9146.886.3
170.3
178.8198.1202.5248.3
39.2
44.139.949.552.869.7
99.9118.1103.9105.1112.2
98.785.098.9
134.6122.3
72.074.599.0
134.4154.1
129.5131.6101.071.6
134.3
154.0118.3103.0122.6114.8
111.168.269.0
25.4
30.530.632.932.139.5
53.058.353.052.256.0
53.549.049.257.953.4
36.736.839.855.270.1
73.382.075.350.369.3
79.454.946.746.745.9
47.325.913.4
13.8
13.79.4
16.620.730.2
46.959.850.952.956.2
45.236.049.776.768.9
35.337.759.279.284.0
56.149.625.721.465.0
74.663.356.375.968.9
63.842.355.5
74.8
64.863.772.584.990.0
83.068.261.976.077.6
67.1100.8125.7123.079.4
56.886.1
118.8128.4117.5
72.557.127.576.099.8
98.3121.6117.9112.494.0
75.246.662.4
13.6
8.17.2
15.616.015.7
25.136.727.623.624.8
5.920.822.537.730.9
-13.925.534.337.213.6
- 8 . 324.6
-17.54.4
67.9
22.18.5
26.319.929.8
5.7-8 .4
6.515.4
-44.929.347.930.2
-20.159.920.924.9
4.728.110.9
-20.9
-17.4-22.3
- . 97.1
-5 .012.69.68.7
29.313.06.5
12.7
Source: Department of Commerce, Bureau of Economic Analysis.
289Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-19.—Inventories and final sales of domestic business, 1959-93
[Billions of dollars, except as noted; seasonally adjusted]
Quarter
Inventoriesl
Total2 Farm
Nonfarm
Total2 Manu-facturing
Whole-sale
trade
Retailtrade
Other
Finalsales ofdomestic
busi-ness3
Ratio of inventoriesto final sales of
domestic business
Total Nonfarm
Fourth quarter:1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
198019811982 i1983 11984 |
19851986198719881989
1990199119921993 P
1990:1
IllIV
1991.1IIIllIV
1992:1IIIllIV
1993:1IIIllI V
141.2
145.2147.0153.4158.7164.2
178.4194.0206.0221.4242.5
249.4267.4296.6365.1435.2
440.1475.3521.6605.3702.6
784.1836.2817.0827.5898.9
904.3887.9950.6
1,025.11,081.6
1,110.41,083.41,099.01,133.4
1,081.81,090.91,115.61,110.4
1,096.51,089.61,085.01,083.4
1,087.51,093.91,098.71,099.0
1,119.51,119.61,119.21,133.4
31.6
33.033.734.834.933.3
37.436.336.538.741.9
40.145.055.378.074.3
75.572.275.292.197.9
104.9101.4103.6103.2100.9
96.690.590.995.496.3
94.790.795.191.9
96.598.297.594.7
98.1101.596.690.7
94.894.394.995.1
99.195.495.191.9
109.6
112.2113.4118.6123.8130.9
141.0157.8169.5182.6200.6
209.2222.4241.3287.1360.9
364.5403.1446.4513.2604.7
679.3734.7713.5724.4797.9
807.7797.3859.7929.6985.3
1,015.7992.7
1,003.91,041.5
985.4992.7
1,018.21,015.7
998.4988.1988.4992.7
992.7999.6
1,003.81,003.9
1,020.41,024.21,024.11,041.5
55.2
56.257.260.362.265.9
70.780.987.594.0
103.4
105.8107.3113.6136.1177.0
177.8194.9210.6238.0280.6
309.8331.9318.5319.2349.0
339.9328.1349.3383.2409.7
423.7407.3400.9405.3
411.5412.9424.7423.7
419.1412.1409.1407.3
404.6404.6406.8400.9
402.0402.4407.0405.3
21.0
21.321.822.423.925.2
26.930.332.734.637.9
41.745.250.059.475.6
76.286.196.2
111.7141.2
174.2184.8174.7168.9187.2
184.9183.4196.3215.3224.8
236.9239.7247.9255.3
226.3229.5236.0236.9
236.9233.7235.3239.7
239.5243.4244.9247.9
249.6251.3242.9255.3
26.2
27.527.028.329.631.0
33.736.236.940.744.5
45.852.357.766.474.6
74.782.793.3
107.5118.9
125.0137.0139.5153.7173.5
188.6193.4216.1229.9250.2
257.2257.4269.5286.9
246.1250.0258.4257.2
248.6249.8254.3257.4
259.8264.2266.4269.5
280.1281.2282.7286.9
7.2
7.27.47.58.08.8
9.810.412.413.314.9
16.017.619.925.233.7
35.839.446.355.964.1
70.381.180.782.588.3
94.392.498.0
101.2100.6
98.088.385.694.0
101.5100.399.098.0
93.892.489.788.3
87.585.785.6
88.789.391.594.0
36.5
37.739.641.944.647.5
52.555.659.165.069.0
72.779.288.397.2
105.2
117.5129.1144.3166.6185.4
203.5220.3230.9252.2273.3
294.1311.4329.8359.2378.3
398.4408.9436.9459.3
387.9391.1395.6398.4
399.2404.2406.8408.9
417.3421.5426.7436.9
439.0445.5450.7459.3
3.87
3.853.713.663.563.46
3.403.493.483.413.51
3.433.383.363.764.14
3.743.683.613.633.79
3.853.803.543.283.29
3.082.852.882.852.86
2.792.652.522.47
2.792.792.822.79
2.752.702.672.65
2.612.602.572.52
2.552.512.482.47
3.00
2.972.862.832.782.76
2.692.842.872.812.91
2.882.812.732.953.43
3.103.123.093.083.26
3.343.343.092.872.92
2.752.562.612.592.60
2.552.432.302.27
2.542.542.572.55
2.502.442.432.43
2.382.372.352.30
2.322.302.272.27
1 Inventories at end of quarter. Quarter-to-quarter change calculated from this table is not the current-dollar change in businessinventories (CBI) component of GOP. The former is the difference between two inventory stocks, each valued at their respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition,changes calculated from this table are at quarterly rates, whereas CBI is stated at annual rates.
2 Inventories of construction establishments are included in "other" nonfarm inventories.3 Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of
households and institutions and general government and includes a small amount of final sales by farms.
Note.—The industry classification of inventories is on an establishment basis and is based on the 1987 Standard IndustrialClassification (SIC) beginning 1987 and on the 1972 SIC for earlier years shown.
Source: Department of Commerce, Bureau of Economic Analysis.
290Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-20.—Inventories and final sales of domestic business in 1987 dollars, 1959-93
[Billions of 1987 dollars, except as noted; seasonally adjusted]
Quarter
Inventories l
Total2 Farm
Nonfarm
Total2 Manu-facturing
Whole-sale
trade
Retailtrade
Other
Finalsales ofdomestic
busi-ness3
Ratio of inventoriesto final sales of
domestic business
Total Nonfarm
Fourth quarter:1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 *
1990:1IIIllI V
1991:1IIIllI V
1992:1IIIllI V
1993:1II
388.6
396.7403.9419.5435.6451.2
476.4513.1540.7564.3589.2
595.1615.8638.4676.1707.0
693.1718.6752.9790.1803.7
795.4820.0802.5806.9874.8
896.9905.5931.8951.7981.5
987.2978.8985.3
1,000.6
982.6989.7992.4987.2
982.8977.2977.0978.8
977.5980.7983.1985.3
992.6995.9997.5
1,000.6
79.6
80.582.183.985.483.4
84.683.584.586.986.9
86.389.290.692.992.5
92.990.893.693.095.7
92.398.3
101.493.194.8
97.295.188.781.781.6
84.184.388.182.2
82.082.984.684.1
84.485.385.184.3
85.586.987.888.1
88.187.183.982.2
. 308.9
316.2321.8335.7350.2367.8
391.7429.6456.3477.5502.3
508.8526.7547.7583.3614.5
600.2627.8659.2697.1708.0
703.1721.7701.0713.8780.0
799.8810.4843.1870.0899.9
903.1894.5897.2918.4
900.7906.8907.8903.1
898.4891.9891.9894.5
892.1893.8895.3897.2
904.5908.8913.6918.4
152.4
153.9157.9166.1171.6179.6
190.2212.1227.6237.4246.7
246.1243.9249.6264.9283.7
277.2289.6297.1309.2320.1
319.9324.0311.3311.9339.4
335.7333.6340.2355.3373.9
376.9370.6365.9368.0
376.0377.5378.8376.9
377.9374.6372.4370.6
368.7367.2369.0365.9
365.7366.9367.7368.0
61.2
62.463.765.969.673.4
77.686.592.094.7
100.3
106.9112.3116.3121.1130.8
127.3135.3144.4155.8157.3
161.9164.8159.9159.3174.7
178.7185.7192.7199.1202.5
208.8212.3217.7220.8
203.7206.0208.4208.8
209.9207.3208.5212.3
211.3214.2215.1217.7
217.9219.6221.2220.8
67.6
71.470.273.876.980.3
86.892.592.199.3
105.9
105.8117.8125.3134.5133.6
127.6134.8144.5153.7153.5
146.7152.9151.7162.8181.4
194.1196.7213.6219.7231.0
229.4230.5236.4247.6
227.4230.6231.0229.4
224.8225.3228.5230.5
230.8232.9234.0236.4
242.4243.2244.4247.6
27.8
28.530.029.932.034.5
37.238.444.646.149.4
50.052.656.562.766.4
68.068.173.378.377.1
74.680.078.179.884.5
91.394.496.695.992.5
88.081.077.181.9
93.692.889.588.0
85.884.782.581.0
81.379.577.277.1
78.579.180.381.9
131.5
134.3139.9145.3153.5161.1
174.2177.3183.8192.6195.4
197.6205.1220.4225.9220.9
229.1238.3249.4264.6270.2
268.5266.5267.6281.8294.6
306.3317.2325.8340.3344.7
347.9346.5361.5372.3
349.6348.6348.9347.9
344.7346.6346.5346.5
351.0352.3355.7361.5
360.4363.4366.8372.3
2.96
2.952.892.892.842.80
2.732.892.942.933.01
3.013.002.902.993.20
3.033.023.022.992.97
2.963.083.002.862.97
2.932.852.862.802.85
2.842.822.732.69
2.812.842.842.84
2.852.822.822.82
2.792.782.762.73
2.752.742.722.69
2.35
2.352.302.312.282.28
2.252.422.482.482.57
2.572.572.492.582.78
2.622.632.642.632.62
2.622.712.622.532.65
2.612.552.592.562.61
2.602.582.482.47
2.582.602.602.60
2.612.572.572.58
2.542.542.522.48
2.512.502.492.47
1 Inventories at end of quarter. Quarter-to-quarter changes calculated from this table are at quarterly rates, whereas the constant-dollar change in business inventories component of GDP is stated at annual rates.
2 Inventories of construction establishments are included in "other" nonfarm inventories.3 Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of
households and institutions and general government and includes a small amount of final sales by farms.
Note.—The industry classification of inventories is on an establishment basis and is based on the 1987 Standard IndustrialClassification (SIC) beginning 1987 and on the 1972 SIC for earlier years shown.
Source: Department of Commerce, Bureau of Economic Analysis.
291Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-21.—Foreign transactions in the national income and product accounts, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959
19601961196219631964
19651966196719681969
19701971197219731974
1975 ...1976197719781979
19801981198219831984
19851986198719881989
1990199119921993"
1982: IV....1983: IV....1984: IV....1985: IV....1986: IV....1987: IV....1988: IV....1989: IV....
1990: IIIIII....IV ..
1991:1II ...Ill .IV...
1992: III ..Ill .IV...
1993: III ..Ill .IV.
Receipts from rest of the world
Total»
25.0
30.231.433.536.141.0
43.547.250.255.66 1 2
70.874.283.4
115.6152 6
164.4181.6196.5233.3299.7
360.9398.2379.9372.5410.5
399.3415.2469.0572.9665.5
725.7747.6769.7
357.5388.3415.2402.9426.7506.8606.9683.1
705.9718.9720.5757.4
738.9747.9742.1761.4
768.0765.3768.4777.0
774.1791.8788.3
Exports of goods andservices
Total
20.6
25.326.027.429.433.6
35.438.941.445.349 3
57.059.366.291.8
124 3
136.3148.9158.8186.1228.9
279.2303.0282.6276.7302.4
302.1319.2364.0444.2508.0557.1601.5640.56601
265.6286.2308.7304.7333.9392.4467.0523.8
542.0553.5555.3577.6
576.5600.7603.0625.7
633.7632.4641.1654.7
651.3660.0653.2675.8
Mer-chan-dise2
16.5
20.520.921.723.326.7
27.830.732.235.338 3
44.545.651.873.9
1010
109.6117.8123.7145.4184.2
226.0239.3215.2207.5225.8
222.4226.2257.7325.8371.6398.7426.4448.7459 5
198.2218.2231.4222.6235.8283.3345.4380.7
391.7399.0395.1409.0
414.3426.7424.6440.0
442.6442.8447.5462.0
453.2458.6452.2473.7
Serv-ices2
4.2
4.85.15.76.16.9
7.68.29.2
10.0110
12.413.814.417.823 3
26.731.135.140.744.7
53.263.767.469.276.6
79.793.0
106.2118.4136.4
158.4175.1191.7200 6
67.467.977.382.198.1
109.2121.6143.1
150.2154.6160.1168.6
162.3174.0178.3185.8
191.0189.6193.6192.8
198.0201.3200.9202.1
Receiptsof factorincome3
4.3
5.05.46.16.67.4
8.18.38.9
10.3119
13.014.116.423.830 3
28.232.837.747.169.7
80.694.197.395.8
108.1
97.396.0
105.1128.7157.5168.6146.1129.2
91.9102.1106.698.192.8
114.4139.9159.3
164.0165.4165.2179.7
162.4147.2139.1135.7
134.4132.9127.3122.3
122.8131.9135.1
Payments to rest of the world
Total
25.0
30.231.433.536.141.0
43.547.250.255.66 1 2
70.874.283.4
115.6152 6
164.4181.6196.5233.3299.7
360.9398.2379.9372.5410.5
399.3415.2469.0572.9665.5
725.7747.6769.7
357.5388.3415.2402.9426.7506.8606.9683.1
705.9718.9720.5757.4
738.9747.9742.1761.4
768.0765.3768.4777.0
774.1791.8788.3
Imports of goods andservices
Total
22.3
22.822.725.026.128.1
31.537.139.946.650 5
55.862.374.291.2
127 5
122.7151.1182.4212.3252.7
293.9317.7303.2328.1405.1
417.6451.7507.1552.2587.7
628.5621.1670.1725 8
295.1358.0415.7440.2467.1535.6573.1597.7
615.9614.8634.0649.2
610.6612.2622.8638.8
640.7666.3679.9693.5
699.6725.0725.1753.5
chan-dise2
15.3
15.215.116.917.719.4
22.226.327.833.936 8
40.946.656.971.8
104 5
99.0124.6152.6177.4212.8
248.6267.7250.6272.7336.3
343.3370.0414.8452.1485.1
509.0500.7544.5593 0
241.6300.0344.1363.0382.4437.6470.1492.2
501.6498.1512.3523.9
489.8492.3504.3516.3
515.4540.6557.3564.7
569.6592.6591.9618.1
Serv-ices2
7.0
7.67.68.18.48.7
9.310.712.212.613 7
14.915.817.319.322 9
23.726.529.834.839.9
45.349.952.655.468.8
74.381.792.3
100.1102.6
119.5120.4125.6132 8
53.458.071.677.284.798.0
103.0105.6
114.3116.7121.7125.4
120.8119.9118.5122.5
125.3125.7122.6128.7
130.0132.4133.3135.3
Pay-ments
offactor
in-come4
1.5
1.81.81.82.12.4
2.73.13.44.158
6.66.47.7
11.114 6
14.915.717.225.337.5
46.560.967.166.583.8
82.486.9
100.5120.8141.5146.9131.9121.9
64.471.085.582.488.9
106.9130.2139.1
143.8147.0149.0147.7
138.0134.3131.5123.9
115.6127.9119.5124.8
122.4132.3128.7
Transfer payments (net)
Total
2.4
2.42.72.82.83.0
3.03.23.43.232
3.64.14.34.6545.46.06.06.47.5
9.010.012.112.915.6
17.418.316.617.825.628.8
-11.932.731.4
13.817.820.419.419.621.423.830.3
26.530.929.628.2
-61.1-15.8
10.618.9
29.631.628.541.2
29.729.930.935.1
Frompersons(net)
0.4
.5
.5
.5
.6
.7
.8
.81.01.01 1
1.21.31.31.41 2
1.21.21.21.31.4
1.61.82.11.82.3
2.72.53.02.78.9
10.110.510.411.0
1.92.02.52.52.83.12.79.8
9.910.110.310.2
10.410.410.310.8
11.110.59.7
10.5
11.011.010.811.4
Fromgovern-ment(net)
1.8
1.92.12.12.12.1
2.12.22.11.91 8
2.02.42.52.532
3.53.73.43.84.1
5.05.06.47.39.4
11.412.310.410.411.313.2
-27.916.314.2
8.211.013.913.512.814.615.115.1
11.615.313.412.4
-76.9-32.0
- 5 . 12.2
12.615.012.824.6
13.112.913.717.2
Frombusiness
0.1.1.1.1.1.2
.2
.2
.2
.33
.4
.4
.5
.710
.71.11.41.42.0
2.43.23.63.83.9
3.23.53.24.85.4
5.55.66.0613.74.84.03.44.03.85.95.4
5.05.45.85.6
5.45.85.45.9
5.96.15.96.1
5.66.06.36.5
Netforeigninvest-ment
- 1 . 2
3.24.33.95.07.5
6.23.93.51.71 8
4.91.3
- 2 . 98.75 1
21.48.8
- 9 . 2- 1 0 . 7
2.0
11.59.5
- 2 . 5- 3 5 . 0- 9 4 . 0
1181- 1 4 1 . 7- 1 5 5 . 1- 1 1 8 . 0
- 8 9 . 3- 7 8 . 5
6.4- 5 5 . 1
- 1 5 . 8- 5 8 . 5
- 1 0 6 . 3- 1 3 9 . 1- 1 4 9 . 0- 1 5 7 . 1- 1 2 0 . 1
- 8 4 . 0
- 8 0 . 3- 7 3 . 8- 9 2 . 1- 6 7 . 7
51.417.2
- 2 2 . 8- 2 0 . 2
- 1 7 . 7- 6 0 . 6- 5 9 . 4- 8 2 . 4
- 7 7 . 6- 9 5 . 4- 9 6 . 4
1 Includes capital grants received by the United States (net), not shown separately. See Table B-29 for data.2 Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in
services.3 Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S.
corporations.4 Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreign
corporations.Source: Department of Commerce, Bureau of Economic Analysis.
292Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-22.—Experts and imports of goods and services and receipts and payments oj factor income in1987 dollars. 1959-93
[Billions of 19S7 dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
Exports of goods and services
Total
73.8
88.489.995.0
101.8115.4
118.1125.7130.0140.2147.8
161.3161.9173.7210.3234.4
232.9243.4246.9270.2293.5
320.5326.1296.7285.9305.7
309.2329.6364.0421.6471.8
510.5543.4578.0596.4
280.4291.5312.8312.0342.9386.1438.2487.7
501.8511.1508.6520.4
519.4542.9546.9564.2
571.0570.2579.3591.6
588.0593.2591.9612.5
Merchandise
Total
58.0
71.271.574.880.391.4
92.198.4
100.1108.8114.4
125.2124.1136.5166.9183.4
178.5183.9183.9203.0225.7
248.2244.0217.7208.3221.3
224.8234.3257.7307.4343.8
368.9396.7422.7438.2
202.8215.5229.0226.4243.5278.0322.0354.8
364.3370.4366.4374.6
381.6396.1398.2410.7
414.4415.9423.0437.3
430.2434.5434.1454.1
Dura-ble
goods
31.5
39.239.441.243.650.2
52.256.163.870.075.2
80.479.387.1
108.0123.5
121.3121.8119.5132.1148.1
161.0154.2130.5124.6133.8
139.3144.8163.0202.8230.9
249.4269.2288.0304.9
119.0131.0138.5139.6150.0180.1214.7237.8
245.9252.3248.6250.9
254.5271.7271.7279.0
280.9283.6287.4300.0
296.5302.4302.2318.4
i
Non-dura-ble
goods
26.5
32.032.133.536.741.2
39.942.336.338.739.2
44.744.949.558.959.9
57.262.164.470.977.6
87.389.787.283.887.5
85.689.694.7
104.6112.9
119.5127.4134.7133.3
83.784.590.586.893.597.8
107.2116.9
118.4118.1117.8123.8
127.2124.4126.5131.7
133.5132.4135.6137.3
133.7132.1131.9135.6
Serv-ices 1
15.8
17.218.420.321.524.0
25.927.329.931.533.3
36.137.837.243.451.0
54.459.563.067.267.8
72.382.279.077.684.4
84.495.3
106.2114.2128.0
141.6146.7155.4158.2
77.675.983.885.599.4
108.1116.2132.9
137.5140.7142.2145.8
137.8146.8148.7153.5
156.6154.2156.3154.3
157.8158.6157.8158.5
Do«e-
ceiptsof
factorin-
come2
17.0
19.120.622.524.426.6
28.328.029.232.335.7
36.837.942.257.567.5
57.463.067.978.7
107.1
113.7120.7117.9111.0119.4
103.499.2
105.1123.8144.7
148.0123.1105.5
109.7116.5116.1102.994.8
112.9132.3144.3
146.4146.0144.4155.4
138.5124.4116.7112.9
110.7108.7103.798.9
98.3105.0107.1
Imports of
Total
95.6
96.195.3
105.5107.7112.9
124.5143.7153.7177.7189.2
196.4207.8230.2244.4238.4
209.8249.7274.7300.1304.1
289.9304.1304.1342.1427.7
454.6484.7507.1525.7545.4
565.1562.5611.6675.7
299.4375.1444.2467.4498.9522.1540.9555.0
562.6570.0570.7557.2
541.0556.2571.9580.7
586.2608.2621.8630.3
647.9668.4678.2708.1
goods and services
Merchandise
Total
60.2
59.159.268.070.975.6
86.5100.2105.2128.1137.0
142.1156.1177.5194.7189.3
163.3200.4223.2245.2248.7
235.6246.1243.1276.5346.1
366.5398.0414.8
'431.3450.4
461.4463.9511.9572.3
236.3306.6357.9380.0409.1427.4444.8458.5
459.6466.5466.4453.1
442.1457.2474.6481.7
486.8509.0521.6530.3
545.9565.7574.9602.8
Dura-ble
goods
26.0
24.723.728.029.632.8
40.550.653.168.774.1
75.484.495.7
100.9101.3
82.1100.9112.9130.0132.1
133.6143.4143.0167.6219.9
237.2254.6264.2274.7287.1
292.5297.2332.5379.9
134.6191.1229.3243.5259.8273.8284.0290.4
285.7293.5296.2294.4
284.2288.9304.7311.2
315.1328.5338.4348.0
360.5372.1381.0405.9
i
Non-dura -
blegoods
34.2
34.435.540.041.242.8
46.049.652.159.462.8
66.771.781.793.987.9
81.299.5
110.3115.3116.7
102.0102.7100.1108.9126.2
129.3143.4150.6156.7163.3
168.9166.7179.4192.5
101.7115.5128.6136.5149.3153.7160.8168.1
173.8173.0170.2158.8
158.0168.3169.9170.5
171.7180.4183.2182.4
185.5193.6193.9196.9
Serv-ices 1
35.4
37.036.137.536.837.3
37.943.548.649.652.3
54.451.752.849.749.2
46.549.351.554.855.3
54.258.061.165.681.6
88.186.792.394.395.0
103.798.599.7
103.3
63.168.686.387.489.894.696.196.5
103.0103.5104.3104.1
98.999.197.398.9
99.399.2
100.1100.0
102.0102.7103.3105.3
Pay-ments
offactor
in-come3
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 "
1982: IV1983.1V1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1IIIllIV
1991:1IIIllIV
1992:1IIIllIV
1993:1IIIllIV P.
6.2
7.27.27.38.29.1
9.911.011.813.517.8
19.217.920.527.633.2
31.631.532.243.258.6
66.679.482.178.093.5
88.290.2
100.5116.1130.1
128.8110.097.7
77.682.093.986.891.2
105.4123.0125.9
128.2129.8130.0127.1
117.0112.5109.0101.6
93.6103.095.598.8
95.8103.099.6
1 Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included inservices.
2 Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S.corporations.
3 Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreigncorporations.
Source: Department of Commerce, Bureau of Economic Analysis.
293Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-23.—Relation of gross domestic product, gross national product, net national product, and
nationaI income, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959
19601961196219631964
19651966156719681969 .
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 p
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1IIIllIV
1991:1IIIllIV
1992:1IIIllIV
1993:1IIIllI V . .
Grossdomesticproduct
494.2
513.3531.8571.6603.1648 0
702.7769.8814.3889.3959 5
1,010.71,097.21,207.01,349.61,458.6
1,585.91,768.41,974.12,232.72 488 6
2,708.03,030.63,149.63,405.03,777.2
4,038.74,268.64,539.94,900.45 250 8
5,546.15,722.96,038.56 374 0
3,195.13,547.33,869.14,140.54,336.64,683.05,044.65,344.8
5,461.95,540.95,583.85,597.9
5,631.75,697.75,758.65,803.7
5,908.75,991.46,059.56,194.4
6,261.66,327.66,395.96,510.8
PIUS:Receiptsof factorincome
from restof theworld '
4.3
5.05.46.16.674
8.18.38.9
10.3119
13.014.116.423.830.3
28.232.837.747.169 7
80.694.197.395.8
108.1
97.396.0
105.1128.7157 5
168.6146.1129.2
91.9102.1106.698.192.8
114.4139.9159.3
164.0165.4165.2179.7
162.4147.2139.1135.7
134.4132.9127.3122.3
122.8131.9135.1
Less:Paymentsof factorincome to
rest ofthe
world2
1.5
1.81.81.82.124
2.73.13.44.158
6.66.47.7
11.114.6
14.915.717.225.337 5
46.560.967.166.583.8
82.486.9
100.5120.8141 5
146.9131.9121.9
64.471.085.582.488.9
106.9130 2139.1
143.8147.0149.0147.7
138.0134.3131.5123.9
115.6127.9119.5124.8
122.4132.3128.7
Equals:Gross
nationalproduct
497 0
516.6535.4575.8607.7653 0
708.1774.9819.8895.5965 6
1,017.11,104.91,215.71,362.31,474.3
1,599.11,785.51,994.62,254.52 520 8
2,742.13,063.83,179.83,434.43,801.5
4,053.64,277.74,544.54,908.25 266 8
5,567.85,737.16,045.8
3,222.63,578.43,890.24,156.24,340.54,690.55,054 35,365.0
5,482.15,559.35,599.95,630.0
5,656.15,710.65,766.25,815.5
5,927.65,996.36,067.36,191.9
6,262.16,327.16,402.3
Less:Consump-
tion offixed
capital
44 6
46.347.749.351.353 9
57.362.167.473.9815
88.897.6
109.9120.4140.2
165.2182.8205.2234.8272 4
311.9362.4399.1418.4433.2
454.5478.6502.2534.0580 4
602.7626.1657.96712
412.5439.7448.0465.6488.2512.1547 2600.8
590.2597.9607.8614.8
619.9622.3626.7635.4
631.7637.2714.6648.0
663.2663.3679.7678.7
Equals:Net
nationalproduct
452.5
470.2487.7526.5556.4599 2
650.7712.8752.4821.5884 2
928.31,007.31,105.71,241.91,334.1
1,433.91,602.71,789.42,019.82 248 4
2,430.22,701.42,780.83,016.03,368.3
3,599.13,799.24,042.44,374.24 686 4
4,965.15,111.05,387.9
2,810.13,138.73,442.23,690.73,852.34,178.54,507.24,764.2
4,891.94,961.44,992.25,015.1
5,036.25,088.35,139.65,180.0
5,295.95,359.15,352.85,543.9
5,598.85,663.95,722.6
Less:
Indirectbusinesstax andnontaxliability
419
45.548.151.754.758 8
62.765.470.479.086 6
94.3103.6111.4121.0129.3
140.0151.6165.5177.8188 7
212.0249.3256.4280.1309.5
329.9345.5365.0385.3414 7
444.0476.6502.8530 5
262.3291.7317.7335.1351.6372.3394.2424.4
436.2437.2448.0454.8
465.6470.5481.3488.9
493.4497.3504.8515.7
515.6526.2532.4547.9
Businesstransfer
payments
1.4
1.41.51.61.820
2.22.32.52.831
3.23.43.94.55.0
5.26.57.38.299
11.213.415.416.619.0
21.024.224.025.626 6
26.826.327.628 0
16.018.120.222.224.924.227.226.2
26.327.027.126.7
26.126.326.026.6
27.027.627.828.1
27.027.828.428.8
Statis-tical
discrep-ancy
-1 .8
-3 .1- 2 . 2-1 .0-2 .0
7
- . 72.8
.8- . 126
.03.11.1
- . 51.4
6.010.410.97.6
13 8
13.610.9
-7 .410.2
- 9 . 0
-13.91.2
-24.8-28.4
11
7.89.6
23.6
-10.113.8
-20.5-5 .9- 2 . 0
-24.9-25.4
12.8
13.1-1 .814.94.9
.24.5
27.36.2
23.123.615.732.1
34.412.013.3
PIUS:Subsidies
lesscurrentsurplus
ofgovern-
mententer-prises
-0 .9
- . 8.2.3
- . 31
.31.41.21.215
2.62.43.42.6
.4
2.61.43.33.629
4.84.76.2
11.79.5
6.49.7
14.110.954
4.5
7.772
9.619.29.72.68.2
22.016.54.4
9.93.0
- 5 . 610.4
1.8.8
- 8 . 04.3
3.03.9
-3 .77.7
17.16.1
- 5 . 310.7
Equals:Nationalincome
410.1
425.7440.5474.5501.55391
586.9643.7679.9741.0798.6
833,5899.5992.9
1,119.51,198.8
1,285.31,435.51,609.11,829.82,038 9
2,198.22,432.52,522.52,720.83,058.3
3,268.43,437.93,692.34,002.64 249 5
4,491.04,598.34,836.6
2,551.52,834.33,134.43,341.93,486.03,828.84,127.64,305.2
4,426.24,502.04,496.64,539.2
4,546.04,587.84,596.94,662.6
4,755.44,814.64,800.84,975.8
5,038.95,104.05,143.2
1 Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S.corporations.
2 Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreigncorporations.
Source: Department of Commerce, Bureau of Economic Analysis.
294Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-24.—Relation of national income and personal income, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
1959
19601961196219631964
196519661967 !
19681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993"
1982 IV1983 IV1984 IV1985 IV1986 IV1987 IV1988 IV1989 IV
1990 1IIIIIIV
1991 1IIIIIIV
1992 1IIIIIIV
1993 1IIIIIIV P
Nationalincome
410.1
425.7440.5474.5501.5539.1
586.9643.7679.9741.0798.6
833.5899.5992.9
1,119.51,198.8
1,285.31,435.51,609.11,829.82,038.9
2,198.22,432.52,522.52,720.83,058.3
3,268.43,437.93,692.34,002.64,249.5
4,491.04,598.34,836.6
2,551.52,834.33,134.43,341.93,486.03,828.84,127.64,305.2
4,426.24,502.04,496.64,539.2
4,546.04,587.84,596.94,662.6
4,755.44,814.64,800.84,975.8
5,038.95,104.05,143.2
Less:
Corporateprofitswith
inventoryvaluation
andcapital
consump-tion
adjust-ments
52.3
50.751.659.665.172.1
82.988.686.092.689.6
77.590.3
103.2116.4104.5
121.9147.1175.7199.7202.5
177.7182.0151.5212.7264.2
280.8271.6319.8365.0362.8
380.6369.5407.2
150.3229.1261.3284.9264.6343.3378.3354.5
382.6409.3367.5362.8
369.3370.8359.0378.8
409.9411.7367.5439.5
432.1458.1468.5
Netinterest
10.2
11.213.114.616.118.2
21.124.328.130.433.6
40.045.449.356.571.8
80.085.1
100.7120.5149.9
191.2233.4262.4270.0307.9
326.2350.2360.4387.7452.7
463.7462.8442.0
256.8281.8321.1331.9349.7368.6408.1459.8
460.5459.5460.6474.4
468.8466.3464.2451.9
439.5440.8440.1447.7
450.1443.2444.6
Contribu-tions for
social
insurance
18.8
21.922.925.428.530.1
31.640.645.550.457.9
62.268.979.097.6
110.5
118.5134.5149.8171.8197.8
216.6251.3269.6290.2325.0
353.8379.8400.7442.3473.2
503.1528.4555.6585.3
272.8298.3332.2362.3388.7409.6453.5480.4
495.9500.7506.4509.5
520.7525.7531.5535.7
548.5552.7556.6564.6
568.9585.9590.5596.0
Wageaccruals
lessdisburse-
ments
0.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.6
.0- .1- .5
.1
.1
.1
.3- .2
.0,1.0
- 4.2
-.2.0.0.0.0
.1- .1
-20.020.0
.0
.0
.6
.0
.0-.2
.0
.0
.0
.0
.0
.2
.2-.4
.0
.0
.0
.0
.0-80.0
80.0.0.0.0
Per-sonalinter-estin-
come
22.7
25.026.929.332.436.1
40.344.949.554.660.8
69.275.781.894.1
112.4
123.0134.6155.7184.5223.2
274.0336.1376.8397.5461.9
498.1531.7548.1583.2668.2
698.2715.6694.3695.8
373.6418.7485.4507.5532.6562.3608.9681.2
686.9692.8702.8710.3
715.4720.0717.3709.6
694.4696.0692.2694.5
695.4693.1695.7699.2
Per-sonaldivi-dendin-
come
12.7
13.414.015.016.118.0
20.220.922.124.525.1
23.523.525.527.729.6
29.234.739.444.250.4
57.166.967.177.878.8
87.9104.7100.4108.4126.5
144.4127.9140.4158.3
69.480.679.392.7
105.6100.1113.8132.9
141.2145.6146.6144.4
136.6126.7123.9124.3
128.2136.0144.9152.3
157.0157.8159.0159.4
>IUS:
Govern-ment
transferpay-
mentsto
persons
25.7
27.531.532.634.536.0
39.143.652.360.667.5
81.897.0
108.4124.1147.4
185.7202.8217.5234.8262.8
312.6355.7396.3426.1437.8
468.1497.1521.3555.9603.8
666.3749.2836.8889.7
419.9428.0442.3474.8505.8528.1563.5624.0
649.0656.1669.2690.9
724.2740.9754.8776.8
816.6830.9844.3855.4
873.0883.7896.4905.6
Businesstransfer
paymentsto
persons
1.3
1.31.41.51.71.8
2.02.12.32.52.8
2.83.03.43.84.0
4.55.55.96.87.9
8.810.211.812.815.1
17.820.720.820.821.1
21.320.721.621.9
12.313.216.218.820.920.421.320.8
21.321.521.321.1
20.820.520.620.8
21.121.521.822.0
21.421.822.122.3
Equals:
Personalincome
391.2
409.2426.5453.4476.4510.7
552.9601.7646.5709.9773.7
831.0893.5980.5
1,098.71,205.7
1,307.31,446.31,601.31,807.92,033.1
2,265.42,534.72,690.92,862.53,154.6
3,379.83,590.43,802.04,075.94,380.3
4,673.84,850.95,144.95,387.6
2,746.82,965.33,242.53,456.73,647.83,918.54,195.24,469.4
4,585.64,648.64,701.94,759.1
4,783.94,833.44,858.84,927.5
5,017.85,093.85,139.85,328.3
5,254.75,373.25,412.75,509.8
Source: Department of Commerce, Bureau of Economic Analysis.
295Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-25.—National income by type of income, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter Nationalincome1
Compensationof employees
TotalWages
and
Supple-ments
towages
andsal-
aries2
Proprietors' income with inventory valuation andcapital consumption adjustments
Total
Farm
Total
Propri-etors'
in-come*
Capitalcon-
sump-tion
adjust-ment
Nonfarm
TotalPropri-etors'
income
"tor?"valua-tion
adjust-ment
Capitalcon-
sump-tion
adjust-ment
1959...
1960...1961...1962...1963...1964...
1965...1966...1967...1968...1969...
1970...1971...1972...1973...1974...
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 '
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1
1991: IIIIllIV
1992:I..IIIllIV
1993:1
410.1
425.7440.5474.5501.5539.1
586.9643.7679.9741.0798.6
833.5899.5992.9
1,119.51,198.8
1,285.31,435.51,609.11,829.82,038.9
2,198.22,432.52,522.52,720.83,058.3
3,268.43,437.93,692.34,002.64,249.5
4,491.04,598.34,836.6
2,551.52,834.33,134.43,341.93,486.03,828.84,127.64,305.2
4,426.24,502.04,496.64,539.2
4,546.04,587.84,596.94,662.6
4,755.44,814.64,800.84,975.8
5,038.95,104.05,143.2
281.2
296.7305.6327.4345.5371.0
399.8443.0475.5524.7578.4
618.3659.4726.2812.8891.3
948.71.058.31.177.31.333.01,496.4
1.644.41,815.51,916.02.029.42,226.9
2,382.82,523.82,698.72,921.33,100.2
3,297.63,402.43,582.03,772.1
1,940.42,101.22,288.12,442.52,582.52,785.13,004.93,162.8
3,231.53,288.23,326.33,344.2
3,355.73,382.83,415.83,455.4
3,507.83,558.13,603.63,658.6
3,705.13,750.63,793.93,839.0
259.8
272.8280.5299.3314.8337.7
363.7400.3428.9471.9518.3
551.5584.5638.7708.6772.2
814.7899.6994.0
1,120.91,255.3
1,376.61,515.61,593.31,684.21,850.0
1,986.32,105.42,261.22,443.02,586.4
2,745.02,814.92,953.13,100.4
1,611.81,747.31,903.92,039.12,153.92,336.72,510.62,637.9
2,689.22,739.12,770.62,781.3
2,782.22,800.62,823.42,853.6
2,892.22,933.62,970.73,015.8
3,054.33,082.73,115.43,149.2
21.4
23.825.128.130.733.2
36.142.746.652.860.1
66.874.987.6
104.2119.1
134.0158.7183.3212.1241.1
267.8299.8322.7345.2376.9
396.5418.4437.4478.3513.8
552.5587.5629.0671.7
328.6353.9384.2403.3428.6448.4494.3524.9
542.3549.2555.7562.9
573.4582.3592.4601.8
615.7624.5632.9642.8
650.7668.0678.5689.8
51.7
51.954.356.457.760.5
65.069.470.975.178.9
79.986.297.4
116.5115.3
121.2132.9146.4167.7181.8
171.8180.8170.7186.7236.0
259.9283.7310.2324.3347.3
363.3376.4414.3442.1
179.9200.1239.6268.7284.4325.0333.4349.7
367.5361.4355.5368.9
363.8379.7374.2387.7
406.8411.1408.1431.2
444.1439.4422.5462.4
10.7
11.211.911.911.810.6
12.914.012.712.714.4
14.615.219.132.225.5
23.718.317.121.524.7
11.521.213.52.4
21.3
21.522.331.330.940.2
41.936.843.745.0
10.26.3
21.917.823.642.430.938.4
49.942.531.643.8
37.242.629.837.6
45.644.936.847.6
55.747.024.852.4
11.6
12.112.712.712.511.3
13.714.813.513.615.6
15.916.620.934.328.2
27.522.521.827.031.2
19.430.223.112.130.8
30.531.039.638.848.3
49.844.451.252.1
20.015.831.226.732.150.638.846.4
57.550.239.651.7
45.150.237.445.0
52.952.244:954.8
62.854.132.159.4
- 0 . 9
- . 7- . 7
- . 7
- . 9- 1 . 1
- 1 . 3- 1 . 4- 1 . 8- 2 . 0- 2 . 8
- 3 . 8- 4 . 2- 4 . 8- 5 . 5-6 .4
-7 .9- 9 . 0-9 .7-9 .7- 9 . 4
-9 .0-8 .7- 8 . 3- 8 . 0- 8 . 1
- 7 . 8-7 .6- 7 . 5- 7 . 1
- 9 . 8- 9 . 5- 9 . 3-8 .9-8 .6-8 .2-7 .9-8 .0
-7 .6- 7 . 8- 8 . 0-7 .9
- 7 . 8- 7 . 6- 7 . 6- 7 . 4
- 7 . 3- 7 . 2- 8 . 2- 7 . 2
- 7 . 1- 7 . 1- 7 . 3- 7 . 0
41.1
40.642.444.545.949.8
52.155.358.262.464.5
65.370.978.384.389.8
97.5114.6129.4146.2157.0
160.3159.6157.3184.3214.7
238.4261.5279.0293.4307.0
321.4339.5370.6397.1
169.6193.8217.7250.9260.9282.6302.5311.4
317.6318.9323.9325.1
326.6337.1344.4350.1
361.2366.2371.3383.6
388.4392.4397.6410.1
40.2
39.841.843.945.249.2
51.955.458.363.065.0
66.072.079.386.594.2
100.2117.6132.5150.2161.8
165.8160.9157.8176.1197.1
212.4230.6252.4266.8281.1
305.6327.7358.0385.2
168.0182.5196.6223.2230.0254.2274.9288.7
290.4284.0329.5318.4
312.8320.6340.1337.5
350.4360.0359.4362.2
376.4380.3385.4398.7
0.0
.0
.0
.0
.0- . 1
- . 2- . 2- . 2- . 4- . 5
- . 5- . 6- . 7
- 2 . 0- 3 . 8
- 1 . 2- 1 . 3- 1 . 3- 2 . 1- 2 . 9
- 3 . 0- 1 . 4
- . 6
-.5
- . 2- . 1- . 8
- 1 . 5- 1 . 2
- . 4.0
- L 0
.6- 1 . 6
.1- 1 . 4
.71.7
- 1 . 4- . 7
6.417.6
-19.8-5 .6
2.34.9
- 7 . 5.3
- 2 . 1- 7 . 0
- . 87.8
- 1 . 6-1 .2
- . 4- . 9
0.9
.8
.6
.6
.7
.7
.4
.2
.1- . 2
.0
- . 1
-.2
- . 6
- 1 . 4- 1 . 7- 1 . 8- 2 . 0- 1 . 9
- 2 . 5.2.0
8.718.1
26.130.927.428.127.2
16.211.813.113.0
1.112.921.029.130.126.729.023.4
20.817.414.312.4
11.511.611.712.3
12.913.212.713.7
13.713.312.712.3
1 National income is the total net income earned in production. It differs from gross domestic product mainly in that it excludesdepreciation charges and other allowances for business and institutional consumption of durable capital goods and indirect businesstaxes. See Table B-23.
See next page for continuation of table.
296Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-25.—National income by type of income, 1959-93—Continued
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
Rental income of personswith capital consumption
adjustment
Total
Rentalincome
ofpersons
Capitalcon-
sumptionadjust-ment
Corporate profits with inventory valuation and capital consumption adjustments
Total
Profits with inventory valuation adjustment and withoutcapital consumption adjustment
Total
Profits
Profitsbefore
tax
Profitstax
liability
Profits after tax
TotalDivi-
dends
Undis-tributedprofits
Inven-toryvalu-ation
adjust-ment
Capitalcon-
sumptionadjust-ment
Netinterest
1959
19601961196219631964
19651966196719681969
197019711972......19731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 "...
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1..
1991: I ...II..
1992:
1993:
IV
1IIIllIV
1II
14.7
15.315.816.517.117.3
18.018.519.418.218.0
17.818.216.817.315.8
13.512.19.08.98.4
13.220.821.922.123.3
18.78.73.24.3
-13.5
-14.2-12.8- 8 . 913.0
24.122.224.314.04.76.82.8
-21.6
-15.9-16.4-13.3-11.1
-11.7-11.9-16 .3-11.2
- 8 . 7- 7 . 2
-18 .5-1 .2
7.512.713.717.9
18.0
18.719.219.820.320.5
21.322.123.422.823.9
24.225.626.128.229.3
29.529.930.034.439.1
49.061.164.464.866.5
63.453.450.053.444.2
42.745.257.475.4
66.564.567.660.050.254.252.639.8
40.140.244.146.4
45.144.741.049.8
47.349.375.757.4
71.373.277.280.0
- 3 . 4
- 3 . 4- 3 . 3- 3 . 3- 3 . 2- 3 . 2
- 3 . 3-3 .6- 3 . 9-4 .6- 5 . 9
-6 .4-7 .4- 9 . 3
-10.9-13 .5
-15.9-17.8-21.0-25 .5-30.8
- 3 5 . 8- 4 0 . 2- 4 2 . 4- 4 2 . 8- 4 3 . 2
-44.6-44.7-46.8-49.1-57.7
-56.9-57.9-66.3-62 .5
-42.3-42.4-43.4-46.0-45 .5-47.4-49.7-61.3
- 5 6 . 0- 5 6 . 6- 5 7 . 4- 5 7 . 4
-56 .8-56.6-57.2-61.0
- 5 6 . 0- 5 6 . 5- 9 4 . 2- 5 8 . 6
-63.8-60.4-63 .5-62.1
52.3
50.751.659.665.172.1
82.988.686.092.689.6
77.590.3
103.2116.4104.5
121.9147.1175.7199.7202.5
177.7182.0151.5212.7264.2
280.8271.6319.8365.0362.8
380.6369.5407.2
53.1
51.051.356.461.267.5
77.683.080.386.983.2
71.885.597.9
110.9103.4
129.4158.8186.7212.8219.8
197.8203.2166.4202.2236.4
225.3227.6273.4320.3325.4
354.7367.3390.1
53.4
51.151.056.461.268.0
78.885.181.890.689.0
78.490.1
104.5130.9142.8
140.4173.7203.3237.9261.4
240.9228.9176.3210.7240.5
225.0217.8287.9347.5342.9
365.7362.3
23.6
22.722.824.026.228.0
30.933.732.739.439.7
34.437.741.949.351.8
50.964.273.083.588.0
84.881.163.177.294.0
96.5106.5127.1137.0141.3
138.7129.8
29.7
28.428.232.434.940.0
47.951.449.251.249.4
44.052.462.681.691.0
89.5109.5130.3154.4173.4
156.1147.8113.2133.5146.4
128.5111.3160.8210.5201.6
227.1232.5249.1
150.3229.1261.3284.9264.6343.3378.3354.5
382.6409.3367.5362.8
369.3370.8359.0378.8
409.9411.7367.5439.5
432.1458.1468.5
160.0216.2223.6228.0225.0293.4340.5320.6
346.8377.9344.7349.3
364.6370.1359.0375.4
399.7395.7350.1414.8
407.0433.4444.8
168.6223.8220.1231.8235.7311.2372.2334.1
348.8369.0376.2368.9
356.5357.4362.0373.5
404.3409.5357.9409.9
419.8445.6443.8
58.782.283.897.6
116.6135.2146.2134.2
132.0139.8145.7137.0
125.4128.0132.5133.4
147.0153.0130.1155.0
160.9173.3169.5
109.9141.6136.3134.2119.2176.0226.0200.0
216.8229.2230.5231.8
231.1229.4229.5240.1
257.3256.5227.8254.9
258.9272.3274.3
12.7
13.414.015.016.118.0
20.220.922.124.625.2
23.723.725.828.130.4
30.135.640.745.952.4
59.069.270.081.282.7
92.4109.8106.2115.3134.6
153.5137.4150.5169.0
72.584.283.497.4
111.0106.3121.0141.3
149.9154.6155.7153.7
145.9136.2133.4133.9
138.0146.1155.2162.9
167.5168.5169.7170.4
17.0
15.014.317.418.822.0
27.830.527.126.624.1
20.328.636.953.560.6
59.473.989.5
108.5121.0
97.178.643.252.363.8
36.11.6
54.695.267.1
73.695.298.6
37.557.452.936.9
8.269.7
105.058.7
67.074.674.878.1
85.293.296.1
106.1
119.3110.472.792.0
91.4103.9104.6
- 0 . 3
- . 2.3.0.1
_ 5
-1 .2- 2 . 1-1 .6- 3 . 7- 5 . 9
- 6 . 6-4 .6- 6 . 6
-20.0-39.5
-11.0-14.9-16.6-25.0-41.6
-43.0-25.7
- 9 . 9- 8 . 5- 4 . 1
.29.7
-14.5-27.3-17.5
-11.04.9
- 5 . 3- 7 . 8
-8 .6-7 .6
3.5- 3 . 8
-10.7-17.8-31.7-13.5
-2 .08.9
-31 .5-19 .5
8.212.7
- 3 . 01.9
- 4 . 6-13.7
- 7 . 84.9
-12.7-12.2
1.0- 7 . 2
- 0 . 8
- . 3.3
3.23.94.6
5.35.65.75.66.4
5.64.85.35.51.2
-7 .6-11.7-11.0-13 .1-17.3
-20.2-21.2-14.9
10.427.8
55.544.146.444.737.4
25.92.2
17.124.3
-9 .612.937.756.939.649.937.933.9
35.831.422.813.5
4.7
3.5
10.216.017.424.7
25.124.723.823.6
10.2
11.213.114.616.118.2
21.124.328.130.433.6
40.045.449.356.571.8
80.085.1
100.7120.5149.9
191.2233.4262.4270.0307.9
326.2350.2360.4387.7452.7
463.7462.8442.0
256.8281.8321.1331.9349.7368.6408.1459.8
460.5459.5460.6474.4
468.8466.3464.2451.9
439.5440.8440.1447.7
450.1443.2444.6
2 Consists mainly of employer contributions for social insurance and to private pension, health, and welfare funds.3 With inventory valuation adjustment.
Source: Department of Commerce, Bureau of Economic Analysis.
297Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-26.—Sources of personal income, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 "
1982 IV1983 IV1984 IV1985 IV1986 IV1987 IV1988 IV1989 IV
1990 1IIIIIIV
1991 1IIIIIIV
1992 1IIIIIIV
1993 1IIIIIIV
Personalincome
391.2
409.2426.5453.4476.4510.7
552.9601.7646.5709.9773.7
831.0893.5980.5
1,098.71,205.7
1,307.31,446.31,601.31,807.92,033.1
2,265.42,534.72,690.92,862.53,154.6
3,379.83,590.43,802.04,075.94,380.3
4,673.84,850.95,144.95,387.6
2,746 82,965.83,242.53,456.73P647.83,918.54,195.24,469.4
4,585.64,648.64,701.94,759.1
4,783.94,833.44,858.84,927.5
5,017.85,093.85,139.85,328.3
5,254.75,373.25,412.75,509.8
Wage and salary disbursements *
Total
259.8
272.8280.5299.3314.8337.7
363.7400.3428.9471.9518.3
551.5583.9638.7708.7772.6
814.6899.5993.9
1,120.71,255.4
1,376.61,515.61,593.31,684.71,849.8
1,986.52,105.42,261.22,443.02,586.4
2,745.02,815.02,973.13,080.4
1,611.71,747.31,903.32,039.12,153.92,337.02,510.62,637.9
2,689.12,739.12,770.62,781.1
2,782.02,800.92,823.42,853.6
2,892.22,933.62,970.73,095.8
2,974.33,082.73,115.43,149.2
Commodity-producingindustries
Total
109.9
113.4114.0122.2127.4136.0
146.6161.6169.0184.1200.4
203.7209.1228.2255.9276.5
277.1309.7346.1392.6442.1
471.9513.7513.5525.1580.8
612.2628.5651.8699.1724.2
745.7738.1756.5763.6
503.9547.6594.5622.6635.3668.4715.3732.1
740.6748.2749.1744.8
735.3733.3739.3744.4
741.3750.0751.6783.3
740.7765.1769.4779.0
Manu-facturing
86.9
89.889.996.8
100.7107.3
115.7128.2134.3146.0157.7
158.4160.5175.6196.6211.8
211.6238.0266.7300.1334.9
355.7386.9384.3397.7439.8
461.3473.8490.1524.5542.2
555.6557.2577.6577.2
378.0415.7450.5469.1478.5501.6537.5545.7
549.7557.5558.4556.9
551.0552.0559.3566.4
564.0571.2573.3602.0
559.7580.3581.5587.5
Distrib-utiveindus-tries
65.1
68.669.673.376.882.0
87.995.1
101.6110.8121.7
131.2140.4153.3170.3186.8
198.1219.5242.7274.9308.4
336.4368.1385.8406.2445.4
475.9501.7536.9575.3607.0
635.1648.0682.0706.4
391.2422.4458.4487.6512.5551.9589.9616.1
624.7634.4640.2641.0
639.8645.9651.0655.4
663.5672.2682.5709.9
682.9709.1714.4719.2
Serviceindus-tries
38.8
41.744.447.650.754.9
59.465.372.080.490.6
99.4107.9119.7133.9148.6
163.4181.6202.8233.7267.7
306.9348.1386.5427.4475.8
524.5579.5650.7719.6776.8
848.3883.5967.0
1,020.8
400.9445.8494.4546.8602.1685.0746.8800.0
821.5843.5861.4866.8
866.1876.8886.9904.1
928.1944.6966.8
1,028.4
966.61,022.21,038.81,055.5
Govern-
ment
46.0
49.252.456.360.064.9
69.978.386.496.6
105.5
117.1126.5137.4148.7160.9
176.0188.6202.3219.4237.3
261.4285.7307.5325.9347.8
373.9395.7421.8449.0478.5
515.9545.4567.5589.7
315.6331.5356.1382.2404.0431.7458.5489.7
502.3513.0519.9528.5
540.8545.0546.2549.7
559.3566.9569.7574.2
584.1586.3592.8595.5
Otherlabor
incomeJ
10.6
11.211.813.014.015.7
17.819.921.725.228.5
32.536.743.049.256.5
65.979.794.7
110.1124.3
139.8153.0165.4174.6184.7
191.8200.7210.4230.5251.9
274.3296.9322.7350.7
169.2179.0187.7193.9205.3216.5240.3259.1
268.0271.5276.2281.3
287.1293.3300.1307.0
313.4319.9326.0331.5
338.5346.6354.7362.9
Proprietor' ' incomewith invcmuiyvaluation and
capconsunadjustr
Farm
10.7
11.211.911.911.810.6
12.914.012.712.714.4
14.615.219.132.225.5
23.718.317.121.524.7
11.521.213.52.4
21.3
21.522.331.330.940.2
41.936.843.745.0
10.26.3
21.917.823.642.430.938.4
49.942.531.643.8
37.242.629.837.6
45.644.936.847.6
55.747.024.852.4
tallptionlents
Nonfarm
41.1
40.642.444.545.949.8
52.155.358.262.464.5
65.370.978.384.389.8
97.5114.6129.4146.2157.0
160.3159.6157.3184.3214.7
238.4261.5279.0293.4307.0
321.4339.5370.6397.1
169.6193.8217.7250.9260.9282.6302.5311.4
317.6318.9323.9325.1
326.6337.1344.4350.1
361.2366.2371.3383.6
388.4392.4397.6410.1
1 The total of wage and salary disbursements and other labor income differs from compensation of employees in Table B-25 in that itexcludes employer contributions for social insurance and the excess of wage accruals over wage disbursements.
298Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-26.—Sources of personal income, 1959-93—Continued
[Billions of dollars-, quarterly data at seasonally adjusted annual rates]
Year or quarter
Rentalincome
ofpersons
withcapital
con-sumptionadjust-ment
Personaldividendincome
Personalinterestincome
Transfer payments to persons
Total
Old-age,survivors,disability,
andhealthinsur-ance
benefits
Govern-mentunem-
ploymentinsur-ance
benefits
Veteransbenefits
Govern-ment
employ-ees
retire-ment
benefits
Aid tofamilies
withdepend-
entchildren(AFDC)
Other
Less:Personalcontribu-tions for
socialinsurance
Nonfarmpersonalincome2
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 »1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1IIIllIV
1991: IIIIllIV
1992:IIIIllIV
1993:LIIIllIV "...
14.715.315.816.517.117.3
18.018.519.418.218.0
17.818.216.817.315.8
13.512.19.08.98.4
13.220.821.922.123.3
18.78.73.24.3
- 1 3 . 5
- 1 4 . 2- 1 2 . 8
- 8 . 913.024.122.224.314.04.76.82.8
- 2 1 . 6- 1 5 . 9- 1 6 . 4- 1 3 . 3- 1 1 . 1
- 1 1 . 7- 1 1 . 9- 1 6 . 3- 1 1 . 2
- 8 . 7- 7 . 2
- 1 8 . 5- 1 . 2
7.512.713.717.9
12.713.414.015.016.118.0
20.220.922.124.525.1
23.523.525.527.729.6
29.234.739.444.250.4
57.166.967.177.878.8
87.9104.7100.4108.4126.5
144.4127.9140.4158.369.480.679.392.7
105.6100.1113.8132.9
141.2145.6146.6144.4
136.6126.7123.9124.3
128.2136.0144.9152.3
157.0157.8159.0159.4
22.7
25.026.929.332.436.1
40.344.949.554.660.8
69.275.781.894.1
112.4
123.0134.6155.7184.5223.2
274.0336.1376.8397.5461.9
498.1531.7548.1583.2668.2
698.2715.6694.3695.8
373.6418.7485.4507.5532.6562.3608.9681.2
686.9692.8702.8710.3
715.4720.0717.3709.6
694.4696.0692.2694.5
695.4693.1695.7699.2
27.0
28.832.834.136.237.9
41.145.754.663.270.3
84.6100.1111.8127.9151.3
190.2208.3223.3241.6270.7
321.5365.9408.1438.9452.9
485.9517.8542.2576.7625.0
687.6769.9858.4911.6
432.2441.3458.5493.6526.6548.5584.8644.8
670.4677.7690.4712.0
745.0761.4775.4797.6
837.7852.4866.1877.4
894.4905.5918.5927.9
10.2
11.112.614.315.216.0
18.120.825.530.232.9
38.544.549.660.470.1
81.492.9
104.9116.2131.8
154.2182.0204.5221.7235.7
253.4269.2282.9300.4325.1
352.0382.3413.9438.2
216.4226.7241.3256.7273.3285.8303.8334.4
348.1348.7352.7358.6
374.5379.1384.3391.3
406.3412.0416.6420.8
433.1435.0439.4445.4
2.8
3.04.33.13.02.7
2.31.92.22.12.2
4.05.85.74.46.8
17.615.812.79.79.8
16.115.925.226.315.8
15.716.314.513.414.4
19.026.739.234.0
31.819.915.615.316.713.413.015.6
17.117.719.222.0
24.127.126.429.3
39.140.439.737.8
34.534.435.132.0
4.6
4.65.04.74.84.7
4.94.95.65.96.7
7.78.89.7
10.411.8
14.514.413.813.914.4
15.016.116.416.616.4
16.716.716.616.917.3
17.818.319.320.0
16.616.516.416.516.416.516.817.3
18.017.817.717.8
18.118.618.318.3
20.518.918.819.0
20.020.220.119.7
2.8
3.13.43.74.24.7
5.26.16.97.68.7
10.211.813.816.019.0
22.726.129.032.736.9
43.049.454.658.060.9
66.670.776.082.287.5
94.5102.0108.3115.4
56.159.558.068.072.477.783.089.3
92.893.794.996.5
101.6101.2102.1103.1
106.7107.7108.4110.2
112.8114.6116.4117.9
0.9
1.01.11.31.41.5
1.71.92.32.83.5
4.86.26.97.27.9
9.210.110.610.711.0
12.413.013.314.214.8
15.416.416.717.318.0
19.822.023.323.9
13.614.514.815.716.716.717.518.4
19.119.620.020.5
21.121.822.222.7
22.923.223.523.5
23.624.124.024.0
5.7
6.16.57.07.68.2
9.010.312.214.516.2
19.423.026.129.535.7
44.749.152.458.466.8
89.794.1
102.1109.2
118.1128.5135.5146.5162.6
184.5218.5254.4280.0
97.6104.2112.5121.3131.1138.3150.6169.9
175.2180.2185.9196.6
205.6213.6222.0232.9
242.2250.1259.2266.2
270.4277.2283.5289.0
7.9
9.39.7
10.311.812.6
13.317.820.622.926.2
27.930.734.542.647.9
50.455.561.269.881.0
88.6104.5112.3119.7132.8
149.1162.1173.6194.5211.4
224.9237.8249.3264.3
113.3123.4135.6152.8165.4177.7199.5214.7
221.6223.1227.0227.9
234.4236.7239.2240.8
246.2248.1249.8253.3
256.6264.5266.8269.2
376.7
393.7410.4437.0460.0495.3
534.9582.4628.3691.4753.1
809.8871.5954.2
1,058.11,170.2
1,272.51,415.11,569.91,770.31,989.3
2,231.62,488.52,649.82,832.63,106.1
3,333.23,545.63,749.44,023.94,318.0
4,608.64,792.05,080.15,320.3
2,708.52,932.03,193.83,414.93,602.33,854.94,142.94,408.5
4,512.74,582.74,647.04,692.2
4,724.04,768.44,807.24,868.5
4,950.85,027.75,082.05,259.8
5,177.25,303.85,365.45,434.7
2 Personal income exclusive of the farm component of wages and salaries, other labor income, proprietors' income with inventoryvaluation and capital consumption adjustments, and net interest.
Note.—The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and isbased on the 1987 Standard Industrial Classification (SIC) beginning 1987 and on the 1972 SIC for earlier years shown.
Source: Department of Commerce, Bureau of Economic Analysis.
299Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-27.—Disposition of personal income, 1959-93
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or quarter Personalincome
Less:Personaltax andnontax
payments
Equals:Dispos-
ablepersonalincome
Less: Personal outlays
Total
Personalcon-
sumptionexpendi-
tures
Interestpaid bypersons
Per-sonal
transferpay-
mentsto restof theworld(net)
Equals:Personalsaving
Percent of disposablepersonal income l
Personal outlays
Total
Personalconsump-
tionexpend-itures
Personalsaving
195919601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 '
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1IIIllIV
1991:1IIIllIV
1992:1IIIllIV
1993:1IIIllIV ".
391.2409.2426.5453.4476.4510.7
552.9601.7646.5709.9773.7
831.0893.5980.5
1,098.71,205.7
1,307.31,446.31,601.31,807.92,033.1
2,265.42,534.72,690.92,862.53,154.6
3,379.83,590.43,802.04,075.94,380.3
4,673.84,850.95,144.95,387.6
2,746.82,965.83,242.53,456.73,647.83,918.54,195.24,469.4
4,585.64,648.64,701.94,759.1
4,783.94,833.44,858.84,927.5
5,017.85,093,85,139.85,328.3
5,254.75,373.25,412.75,509.8
44.548.750.354.858.056.0
61.971.077.992.1
109.9
109.0108.7132.0140.6159.1
156.4182.3210.0240.1280.2
312.4360.2371.4368.8395.1
436.8459.0512.5527.7593.3
623.3620.4644.8681.6
372.1371.6413.4448.8478.5528.6542.0605.1
611.9627.4628.5625.2
616.4616.6619.7628.8
630.9634.6642.8670.7
657.1681.0689.0699.1
346.7360.5376.2398.7418.4454.7
491.0530.7568.6617.8663.8
722.0784.9848.5958.1
1,046.5
1,150.91,264.01,391.31,567.81,753.0
1,952.92,174.52,319.62,493.72,759.5
2,943.03,131.53,289.53,548.23,787.0
4,050.54,230.54,500.24,706.0
2,374.72,594.32,829.13,007.93,169.33,389.93,653.23,864.3
3,973.74,021.24,073.44,133.9
4,167.54,216.84,239.14,298.8
4,386.94,459.24,497.04,657.6
4,597.54,692.24,723.74,810.7
324.7339.9351.3372.8393.7423.1
456.4494.4522.8573.9620.5
664.5719.4788.7872.0953.1
1,050.61,170.91,303.41,460.01,629.6
1,799.11,982.62,120.12,325.12,537.5
2,753.72,944.03,147.53,392.53,634.9
3,880.64,029.04,261.54,515.7
2,190.92,417.92,606.52,828.73,018.23,220.13,496.73,715.5
3,797.23,845.63,921.93,957.7
3,966.04,010.74,052.34,087.0
4,169.44,221.34,277.34,377.9
4,419.74,483.64,544.04,615.5
318.1332.4343.5364.4384.2412.5
444.6481.6509.3559.1603.7
646.5700.3767.8848.1927.7
1,024.91,143.11,271.51,421.21,583.7
1,748.11,926.22,059.22,257.52,460.3
2,667.42,850.63,052.23,296.13,523.1
3,761.23,906.44,139.94,390.6
2,128.72,346.82,526.42,739.82,923.13,124.63,398.23,599.1
3,679.33,727.03,801.73,836.6
3,843.63,887.83,929.83,964.1
4,046.54,099.94,157.14,256.2
4,296.24,359.94,419.14,487.4
6.17.07.37.88.9
10.0
11.112.012.513.815.7
16.817.819.622.424.2
24.526.730.737.544.5
49.454.658.865.775.0
83.690.992.393.7
103.0
109.3112.2111.1114.0
60.269.277.686.492.392.495.8
106.7
108.0108.4109.8110.9
111.9112.5112.2112.1
111.9110.9110.5111.3
112.5112.7114.1116.7
0.4.5.5.5.6.7
1.01.01.1
1.21.31.31.41.2
1.21.21.21.31.4
1.61.82.11.82.3
2.72.53.02.78.9
10.110.510.411.0
1.92.02.52.52.83.12.79.8
9.910.110.310.2
10.410.410.310.8
11.110.59.7
10.5
11.011.010.811.4
22.020.624.925.924.631.6
34.636.345.843.943.3
57.565.459.786.193.4
100.393.087.9
107.8123.3
153.8191.8199.5168.7222.0
189.3187.5142.0155.7152.1
170.0201.5238.7190.3
183.8176.3222.6179.2151.1169.8156.4148.8
176.5175.7151.6176.2
201.5206.0186.8211.7
217.5237.9219.6279.7
177.9208.7179.7195.2
93.794.393.493.594.193.1
93.093.291.992.993.5
92.091.793.091.091.1
91.392.693.793.193.0
92.191.291.493.292.0
93.694.095.795.696.0
95.895.294.796.0
92.393.292.194.095.295.095.796.2
95.695.696.395.7
95.295.195.695.1
95.094.795.194.0
96.195.696.295.9
91.892.291.391.491.890.7
90.590.789.690.590.9
89.589.290.588.588.6
89.190.491.490.790.3
89.588.688.890.589.2
90.691.092.892.993.0
92.992.392.093.3
89.690.589.391.192.292.293.093.1
92.692.793.392.8
92.292.292.792.2
92.291.992.491.4
93.492.993.693.3
6.35.76.66.55.96.9
7.06.88.17.16.5
8.08.37.09.08.9
8.77.46.36.97.0
7.98.88.66.88.0
6.46.04.34.44.0
4.24.85.34.0
7.76.87.96.04.85.04.33.9
4.44.43.74.3
4.84.94.44.9
5.05.34.96.0
3.94.43.84.1
1 Percents based on data in millions of dollars.
Source: Department of Commerce, Bureau of Economic Analysis.
300Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-28.—Total and per capita disposable personal income and personal consumption expenditures in
current and 1987 dollars, 1959-93
[Quarterly data at seasonally adjusted annual rates, except as noted]
Year or quarter
Disposable personal income
Total (billions ofdollars)
Currentdollars
346.7
360.5376.2398.7418.4454.7
491.0530.7568.6617.8663.8
722.0784.9848.5958.1
1,046.5
1,150.91,264.01,391.31,567.81,753.0
1,952.92,174.52,319.62,493.72,759.5
2,943.03,131.53,289.53,548.23,787.0
4,050.54,230.54,500.24,706.0
2,374.72,594.32,829.13,007.93,169.33,389.93,653.23,864.3
3,973.74,021.24,073.44,133.9
4,167.54,216.84,239.14,298.8
4,386.94,459.24,497.04,657.6
4,597.54,692.24,723.74,810.7
1987dollars
1,284.9
1,313.01,356.41,414.81,461.11,562.2
1,653.51,734.31,811.41,886.81,947.4
2,025.32,099.92,186.22,334.12,317.0
2,355.42,440.92,512.62,638.42,710.1
2,733.62,795.82,820.42,893.63,080.1
3,162.13,261.93,289.53,404.33,464.9
3,524.53,529.03,632.53,700.5
2,832.62,960.63,118.53,178.73,266.23,335.83,443.13,480.9
3,525.63,529.83,523.53,519.0
3,515.93,532.53,524.23,543.4
3,580.13,607.53,624.83,717.6
3,642.63,694.43,708.73,756.4
Per capita(dollars)
Currentdollars
1,958
1,9942,0482,1372,2102,369
2,5272,6992,8613,0773,274
3,5213,7794,0424,5214,893
5,3295,7966,3167,0427,787
8,5769,4559,989
10,64211,673
12,33913,01013,54514,47715,307
16,20516,74117,61518,222
10,18911,03311,92512,56513,12113,90714,85015,558
15,96316,11416,27516,467
16,56016,71216,75216,939
17,24517,48117,57718,153
17,87618,19618,26518,549
1987dollars
7,256
7,2647,3827,5837,7188,140
8,5088,8229,1149,3999,606
9,87510,11110,41411,01310,832
10,90611,19211,40611,85112,039
12,00512,15612,14612,34913,029
13,25813,55213,54513,89014,005
14,10113,96514,21914,329
12,15412,59113,14513,27813,52213,68513,99614,015
14,16314,14414,07814,018
13,97114,00013,92713,963
14,07314,14214,16914,490
14,16314,32614,34114,484
Personal consumption expenditures
Total (billions ofdollars)
Currentdollars
318.1
332.4343.5364.4384.2412.5
444.6481.6509.3559.1603.7
646.5700.3767.8848.1927.7
1,024.91,143.11,271.51,421.21,583.7
1,748.11,926.22,059.22,257.52,460.3
2,667.42,850.63,052.23,296.13,523.1
3,761.23,906.44,139.94,390.6
2,128.72,346.82,526.42,739.82,923.13,124.63,398.23,599.1
3,679.33,727.03,801.73,836.6
3,843.63,887.83,929.83,964.1
4,046.54,099.94,157.14,256.2
4,296.24,359.94,419.14,487.4
1987dollars
1,178.9
1,210.81,238.41,293.31,341.91,417.2
1,497.01,573.81,622.41,707.51,771.2
1,813.51,873.71,978.42,066.72,053.8
2,097.52,207.32,296.62,391.82,448.4
2,447.12,476.92,503.72,619.42,746.1
2,865.82,969.13,052.23,162.43,223.3
3,272.63,258.63,341.83,452.5
2,539.32,678.22,784.82,895.33,012.53,074.73,202.93,242.0
3,264.43,271.63,288.43,265.9
3,242.73,256.93,267.13,267.5
3,302.33,316.83,350.93,397.2
3,403.83,432.73,469.63,503.9
Per capita(dollars)
Currentdollars
1,796
1,8391,8691,9532,0302,149
2,2872,4502,5622,7852,978
3,1523,3723,6584,0024,337
4,7455,2415,7726,3847,035
7,6778,3758,8689,634
10,408
11,18411,84312,56813,44814,241
15,04815,45916,20517,001
9,1349,980
10,64911,44512,10112,81913,81414,491
14,78114,93515,18915,283
15,27315,40915,53015,621
15,90616,07216,24916,589
16,70416,90717,08817,303
1987dollars
6,658
6,6986,7406,9317,0897,384
7,7038,0058,1638,5068,737
8,8429,0229,4259,7529,602
9,71110,12110,42510,74410,876
10,74610,77010,78211,17911,617
12,01512,33612,56812,90313,029
13,09312,89513,08113,369
10,89511,39011,73912,09512,47212,61513,02013,053
13,11413,11013,13813,010
12,88512,90812,91112,876
12,98113,00213,09813,241
13,23413,31213,41613,511
Popula-tion
(thou-sands) l
195919601961196219631964
19651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993 »1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV1990:1..
II....III..IV...
1991:1IIIllIV
1992:1
1993:1....II...
IV "...
177,073180,760183,742186,590189,300191,927
194,347196,599198,752200,745202,736205,089207,692209,924211,939213,898215,981218,086220,289222,629225,106
227,715229,989232,201234,326236,393238,510240,691242,860245,093247,397
249,951252,699255,472258,256
233,060235,146237,231239,387241,550243,745246,004248,372
248,927249,552250,291251,035251,659252,312253,048253,776254,392255,090255,836256,569257,197257,872258,612259,343
1 Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1960. Annual data areaverages of quarterly data. Quarterly data are averages for the period.
Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).
301Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-29.—Gross sating and investment, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
Gross saving
Total
Gross private saving
Total
Per-sonalsav-ing
Grossbusi-nesssav-ing 1
Government surplus or deficit( - ) , national income and
product accounts
Total FederalStateandlocal
Capitalgrants
receivedby theUnitedStates(ne t ) 2
Gross investment
Total
Grossprivatedomes-
ticinvest-ment
Netforeigninvest-ment3
Statis-tical
discrep-ancy
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 "
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1
1991:1.
79.4
85.184.492.8
100.4110.0
125.0131.5130.8141.7159.5
155.2173.7201.7252.3249.5
241.4284.8338.2415.7468.5
465.4556.6508.4501.6633.9
610.4574.6619.0704.0741.8
722.7733.7717.8
82.5
81.587.495.898.8
111.5
123.7132.5144.5146.4149.5
165.8192.2204.9245.4256.0
306.3323.1355.0412.8457.9
499.6585.9616.9641.3742.7
735.7721.4730.7802.3819.4
861.1929.9986.9
1992:1II....III...IV...
1993:1
IllIV »
458.5542.4637.0603.8550.1667.9720.1728.4
735.5765.9705.5683.8
780.3734.3694.4726.0
709.9715.5727.0718.8
762.0766.7774.3
615.4678.7764.7734.7676.3783.7814.8828.6
867.4888.5825.5863.1
919.4935.0906.6958.7
974.1987.7
1,016.5969.4
1,024.8988.3988.7
22.0
20.624.925.924.631.6
34.636.345.843.843.3
57.565.459.786.193.4
100.393.087.9
107.8123.3
153.8191.8199.5168.7222.0
189.3187.5142.0155.7
170.0201.5238.7190.3
183.8176.3222.6179.2151.1169.8156.4148.8
176.5175.7151.6176.2
201.5206.0186.8211.7
217.5237.9219.6279.7
177.9208.7179.7195.2
60.5
60.962.569.974.180.0
89.296.198.7
102.5106.2
108.2126.8145.1159.3162.6
206.0230.0267.1305.0334.5
345.7394.1417.5472.7520.7
546.4533.9588.7646.6667.3
691.2728.4748.3
431.6502.4542.1555.5525.3613.9658.3679.8
690.9712.9673.9686.9
717.9728.9719.8746.9
756.6749.8796.9689.7
847.0779.6809.0
- 3 . 1
3.6-3 .0- 2 . 9
1.6- 1 . 6
1.2- 1 . 0
-13.7- 4 . 610.0
-11.5-19.2
-3 .96.9
- 4 . 5
-64.8-38.3-16.8
2.99.4
-35.3-30.3
-108.6-139.8-108.8
-125.3-146.8-111.7
-98.3-77.5
-138.4-196.2-269.1-223.7
-156.9-136.3-127.8-130.9-126.2-115.8
-94.7-100.2
-131.9-122.7-119.9-179.3
-139.1-200.7-212.2-232.6
-264.2-272.2-289.5-250.6
-262.8-221.5-214.4
- 2 . 6
3.5- 2 . 6- 3 . 4
1.1- 2 . 6
1.3-1 .4
-12.7-4 .7
8.5
-13.3-21.7-17.3
-6 .6-11.6
-69.4-52.9-42.4-28.1-15.7
-60.1-58.8
-135.5-180.1-166.9
-181.4-201.0-151.8-136.6-122.3
-163.5-203.4-276.3-225.8
-183.4-184.6-186.8-187.2-177.5-152.7-134.9-141.5
-166.4-152.0-144.6-191.0
-145.2-206.2-217.7-244.7
-270.2-279.9-290.7-264.2
-263.5-222.6-212.7
- 0 . 5
.0- . 4
.5
.41.0
.0
.5- 1 . 1
.11.5
1.82.5
13.413.47.1
4.614.625.631.125.1
24.828.526.940.358.1
56.154.340.138.444.8
25.17.37.22.1
26.548.359.056.351.237.040.241.3
34.529.324.711.7
6.15.55.5
12.1
6.17.81.2
13.5
1.1-1 .7
77.6
82.082.291.898.4
109.3
124.2134.3131.6141.7157.0
155.2176.8202.7251.8250.9
247.4295.2349.1423.3482.2
479.1567.5500.9511.7624.9
596.5575.9594.2675.6742.9
730.4743.3741.4
448.4556.3616.5597.8548.1643.0694.7741.3
748.6764.0720.4688.7
780.5738.7721.8732.3
733.0739.1742.7750.9
796.5778.7787.6
78.8
78.777.987.993.4
101.7
118.0130.4128.0139.9155.2
150.3175.5205.6243.1245.8
226.0286.4358.3434.0480.2
467.6558.0503.4546.7718.9
714.5717.6749.3793.6832.3
808.9736.9796.5892.0
464.2614.8722.8737.0697.1800.2814.8825.2
828.9837.8812.5756.4
729.1721.5744.5752.4
750.8799.7802.2833.3
874.1874.1884.0935.8
- 1 . 2
3.24.33.95.07.5
6.23.93.51.71.8
4.91.3
- 2 . 98.75.1
21.48.8
- 9 . 2-10.7
2.0
11.59.5
- 2 . 5-35.0-94.0
-118.1-141.7-155.1-118.0-89.3
-78 .56.4
-55.1
-15.8-58 .5
-106.3-139.1-149.0-157.1-120.1-84.0
-80.3-73.8-92 .1-67.7
51.417.2
-22.8-20.2
-17.7-60.6-59.4-82.4
-77.6-95.4-96.4
- 1 . 8
- 3 . 1- 2 . 2- 1 . 0- 2 . 0
- . 7
- . 72.8
.8- . 1
- 2 . 6
.03.11.1
- . 51.4
6.010.410.97.6
13.8
13.610.9
- 7 . 410.2
- 9 . 0
-13.91.2
-24.8-28.4
1.1
7.89.6
23.6
-10.113.8
-20 .5-5 .9- 2 . 0
-24.9-25.412.8
13.1- 1 . 814.94.9
.24.5
27.36.2
23.123.615.732.1
34.412.013.3
1 Undistributed corporate profits with inventory valuation and capital consumption adjustments, corporate and noncorporateconsumption of fixed capital, and private wage accruals less disbursements.
2 Consists mainly of allocations of special drawing rights (SDRs).3 Net exports of goods and services plus net receipts of factor income from rest of the world less net transfers plus net capital
grants received by the United States. See also Table B-21.4 Consists of a U.S. payment to India under the Agricultural Trade Development and Assistance Act. This payment is included in
capital grants received by the United States, net.
Source: Department of Commerce, Bureau of Economic Analysis.
302Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-30.—Personal saving, flow of funds accounts, 1946-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1946194719481949
19501951..19521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983198419851986198719881989
199019911992
1991:1II....III...IV...
1992:1II....III...IV...
1993:1II....III...
Per-sonalsaving
17.219.024.921.2
31.135.738.736.227.636.038.938.537.036.0
38.538.344.849.361.568.583 084.682.782.6
92.1104.4121.9158.3121.6150.2171.1197.4206.2220.3
217.6248.0257.1314.8363.5390.3463.7363.8361.3449.6
435.3384.4441.4
484.4298.1410.4344.6
432.8419.0412.0501.9
276.3544.3390.7
Total
19.412.38.78.6
14.919.230.124.620.828.132.029.632.534.8
34.236.040.545.957.157.364 072.469.070.6
79.9107.6134.9147.5152.5177.2211.4255.7286.5329.1
328.6324.8379.9496.9532.8625.1586.1502.4489.9556.2
483.3452.0499.4
543.0424.4415.9424.8
485.1446.3524.7541.7
249.1562.8563.4
Check-able
depos-its andcurren-
cy
56.0
- 2 . 9- 2 . 0
2.74.61.6
.92.11.21.9
_ ^371.1
.9- 1 0- 1 . 2
4.26.16.724
10.39.5
- 1 . 3
7.413.513.213.16.36.2
15.619.821.535.8
9.236.224.622.54.7
28.697.5
- 1 . 927.7_ 5
12.351.8
140.2
37.339.5
114.715.7
118.774.7
211.8155.5
6.0119.8123.7
Timeand
savingsdepos-
its
633.52.32.62.44.87.48.29.18.59.3
11.813.810.5
12.018125.825.925.927.518 834.930.38.6
42.565 872.662.855.379.6
104.2106.3103.275.7
120.867.5
113.5196.8225.3116.690.392.8
134.878.2
34.0-103.9-123.5
-44.2-61 .6
-170.3-139.4
-72.6-160.4-142.8-118.0
-214.0-36.4
-132.6
Increase infinancial assets
Moneymarketfund
shares
2.41.3
.0- .45.7
30.0
23.787.031.8
-30 .143.83.7
38.224.320.285.1
44.724.5
- 3 . 8
108.6- 7 . 2
-17.814.6
34.618.6
-28 .4-40.0
-49.760.747.1
Securities
Govern-ment
securi-ties2
- 1 5.5
1.0.5.9
- .77.43.7
.16.44.53.7
- 2 . 78.22.0
81.0
- 1 . 13.73.8
13 6- 2 . 6
1.228.5
- 7 . 5-12.7
- 2 . 114.517.012.72.57.9
27.560.6
29.437.425.474.9
100.377.8
-55.2112.2157.7101.2
135.1-45.6
9.4-55.2110.5
-62.9-174.9
116.274.4
-88 .1-64.8
23.1-70 .5
-119.7
Corpo-rateequi-ties3
121.21.0
.8
.71.91.51.1
.8122.11.61.9
.7
.311
- 1 . 4- 1 . 1
.0- 1 . 5
0- 3 . 0- 6 . 0
-11 .1
.2- 1 1 2- 1 3 5-12.2
1.42.41.1
- 6 . 0-10.2-20 .3
.7-38.9-16.9
4.5-44.7-37.6
22.5-27 .5-87 .1-94 .5
21.381.9
189.1
131.55.6
69.5121.0
132.4171.2256.3196.6
172.0248.3351.4
Othersecuri-ties4
- 0 8- .8
.2- .3- .9
7- .1
.3- 1 . 4
41.21.4
.9
.23.4
0.2
1.21.2
- .1496.47.2
10.8
5.937
- 2 . 87.4
17.8-4 .6
.516.56.01.8
-10.5-8 .6- 7 . 921.7
- 9 . 353.133.531.45.5
-24 .5
26.25.3
34.5
56.4- 7 . 8
-63.035.7
-13.19.7
16.0125.5
-155.8-87.7-39 .5
Insur-anceand
pensionre-
serves 5
515.45.35.66.16.38.58.08.0879.79.7
10.712.2
11.912 513.514.517.117.820 219.621.123.3
25.830 350.441.844.671.560.380.394.3
103.5
126.9126.7178.1176.2162.4281.9292.0220.9165.4338.4
183.8384.5243.2
433.7195.5470.0438.8
162.8217.1305.8287.2
392.1240.8312.5
Otherfinan-cialas-
sets6
362.52.01.43.01.63.82.42.01.73.41.94.31.93.7442.52.13.23.2416.85.7
11.8
5.518.317.020.17.78.0
27.231.338.542.0
28.517.531.330.550.4
101.067.350.265.672.8
26.053.410.3
-125.2149.975.6
113.3
6.241.0
- 6 . 0_ 3
75.487.820.6
Net investment intangible assets7
Owner-occu-pied
homes
586.89.38.5
11.911.911.612.613.017 116.013.612.319.2
17.216 318.220.522.121.619 018.519.919.9
17.727 836.740.230.428.244.865.978.575.2
51.350.530.071.393.693.6
119.4123.3126.5114.4
98 575.794.0
68.270.678.985.0
86.796.572.0
120.9
106.1103.1105.5
Con-sumerdura-bles
1.59.4
10.210.9
14.911.48.7
10.37.0
12.78.87.93.77.77.2458.6
11.915.120.223 221.326.926.2
19.625 434.340.629.127.441.551.556.850.4
26.327.322.450.681.895.8
111.4102.9112.6109.0
90.053.167.7
48.249.860.054.5
60.359.561.689.2
78.895.094.1
Non-cor-
poratebusi-nessas-
sets8
0.11.57.02.27.44.62.82.31.82.2
.71.84.2
.92.2294.34.74.48.4797.3
10.211.7
10.115118.123.211.66.14.0
16.323.132.0
14.227.510.1
-11.824.326.816.012.37.4
18.4
4.6-23.5-21 .1
-18.0-17 .1-24.8-34.2
-13.6- 8 . 7
-41.6-20.2
- 9 . 2—7 7
-17 .1
Less-. Net increase in
Mort-gagedebton
non-farm
homes
4.14.94.84.27.06.46.47.49.0
12.210.88.69.5
12.9
11.012.213.816.216.816.812 713.116.717.4
13.026.339.343.634.239.362.093.0
109.9116.2
94.169.656.1
117.1135.6171.7203.4240.9219.0211.8
176.7165.5175.5
166.7159.8159.7176.0
216.0111.1202.8172.2
127.8175.6229.1
debt
Con-sumercredit
2.93.53.13.16.01.45.24.11.37.03.62.6
.37.74.02.25.98.59.5
10.1595.1
10.89.94.6
14.019.022.79.48.0
22.936.745.138.3
4.816.916.448.981.782.357.532.950.149.5
13.4-13.1
9.3-16 .1- 5 . 1
-20.4-10.7
- 9 . 8-14.7
13.548.2
19.222.960.8
Otherdebt 8 9
2.52.62.61.75.13.62.92.04.74.94.33.26.06.07.27.07.29.1
10.912.112 516.615.718.6
17.631.243.826.958.441.445.762.283.7
111.8
103.995.7
112.7126.3151.8197.2108.1103.4106.187.1
51.120.513.8
6.574.8
-19.620.2
-20.678.3
-11.69.31.5
10.365.2
1 Saving by households, nonprofit institutions, farms, and other noncorporate business.2 Consists of U.S. savings bonds, other U.S. Treasury securities, U.S. Government agency securities and government sponsoredenterprise securities, federally-related mortgage pool securities, and State and local obligations.
3 Includes mutual fund shares.5 Private life insurance reserves, private insured and noninsured pension reserves, and government insurance and pension reserves.6 Consists of security credit, mortgages, accident and health insurance reserves, nonlife insurance claims, and investment in bank
personal trusts for households; and of consumer credit, equity in government-sponsored enterprises, and nonlife insurance claims fornoncorporate business.
7 Purchases of physical assets less depreciation.8 Includes data for corporate farms.9 Other debt consists of security credit, U.S. Government and policy loans, and noncorporate business debt.Source: Board of Governors of the Federal Reserve System.
303Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-31.—Median money income (in 1992 dollars) and poverty status of families and persons, by race,
selected years, 1971-92
Year
Families1
Num-ber
(mil-lions)
Medianmoneyincome
(in1992dol-
lars) 2
Below poverty level
Total
Num-ber
(mil-lions)
Per-cent
Femalehouseholder
Num-ber
(mil-lions)
Per-cent
Personsbelow
poverty level
Num-ber
(mil-lions)
Per-cent
Median money income (in 1992 dollars)of persons 15 years old and over with
income 2 3
Males
Allpersons
Year-round
full-timeworkers
Females
Allpersons
Year-round
full-timeworkers
ALL RACES
197119731975 4
197719781979 5
198C198119821983 4
1984198519861987 4
19881989199019911992WHITE
197119731975 4
197719781979 5
1980198119821983 4
1984198519861987 4
19881989199019911992BLACK197119731975 4
197719781979 5
1980198119821983 4
1984198519861987 4
19881989199019911992
53.355.156.257.257.859.660.361.061.462.062.763.664.565.265.866.166.367.268.1
47.648.949.950.550.952.252.753.353.453.954.455.055.756.156.556.656.857.257.9
5.25.45.65.85.96.26.36.46.56.76.86.97.17.27.47.57.57.77.9
$33,48035,82134,24935,53936,66537,13635,83934,86234,39034,75735,69336,16437,70938,24938,17738,71037,95037,02136,812
34,74037,43835,61937,16238,17838,75137,34136,62036,10736,39537,38538,01139,43939,99740,22240,70439,62638,92038,909
-20,96421,60721,91621,22922,61221,94421,60620,65719,95620,51120,83721,88722,53522,73222,92422,86622,99722,19721,161
5.34.85.55.35.35.56.26.97.57.67.37.27.07.06.96.87.17.78.0
3.83.23.83.53.53.64.24.75.15.24.95.04.84.64.54.44.65.05.2
10.08.89.79.39.19.2
10.311.212.212.311.611.410.910.710.410.310.711.511.7
7.96.67.77.06.96.98.08.89.69.79.19.18.68.17.97.88.18.88.9
28.828.127.128.227.527.828.930.833.032.330.928.728.029.428.227.829.330.430.9
2.12.22.42.62.72.63.03.33.43.63.53.53.63.73.63.53.84.24.2
1.21.21.41.41.31.41.61.81.81.91.92.02.02.01.91.92.02.22.2
.91.01.01.21.21.21.31.41.51.51.51.51.51.61.61.51.61.81.8
33.932.232.531.731.430.432.734.636.336.034.534.034.634.233.432.233.435.634.9
26.524.525.924.023.522.325.727.427.928.327.127.428.226.926.525.426.828.428.1
53.552.750.151.050.649.449.452.956.253.751.750.550.151.149.046.548.151.249.8
25.623.025.924.724.526.129.331.834.435.333.733.132.432.231.731.533.635.736.9
17.815.117.816.416.317.219.721.623.524.023.022.922.221.220.720.822.323.724.5
7.47.47.57.77.68.18.69.29.79.99.58.99.09.59.49.39.8
10.210.6
12.511.112.311.611.411.713.014.015.015.214.414.013.613.413.012.813.514.214.5
9.98.49.78.98.79.0
10.211.112.012.111.511.411.010.410.110.010.711.311.6
32.531.431.331.330.631.032.534.235.635.733.831.331.132.431.330.731.932.733.3
$22,47123,94622,10122,47222,72922,33221,36020,98020,47320,65221,06521,26821,90821,96622,42422,50821,78421,08520,654
23,55825,12623,21723,53823,80523,33022,72122,26121,64421,72722,23622,31123,11923,34823,67123,60522,72522,03921,645
14,05015,19813,88013,96814,26114,44113,65313,23712,97012,70612,75814,04013,85313,85114,28414,26613,81313,35212,754
$31,35134,08832,28933,45433,38533,13932,68532,22131,78031,70632,41332,59633,14732,95232,42732,15531,10831,24431,012
32,23335,07533,03534,13834,00534,09733,61732,97832,62732,55933,52333,50134,07333,72033,51833,57232,29031,88531,737
22,04123,64024,58523,53626,04424,57323,65323,33223,17323,11622,87923,43224,02324,11024,56923,42623,05923,30922,942
$7,8398,3118,4508,7498,4558,2518,3878,4998,6409,0229,2749,4109,742
10,24510,53610,88910,81010,79110,774
7,9698,3918,5388,8828,5578,3298,4338,5948,7579,1809,3839,5939,934
10,50610,79611,10211,07511,04411,036
6,9827,5747,7567,6707,7057,5807,8087,6357,7247,8458,3238,1858,4058,5828,7168,9108,9409,0818,857
$18,55819,28519,27019,56720,03919,96619,76019,39820,05120,39620,82521,19121,56121,69221,99422,21922,10321,88522,167
18,77319,61219,31519,69120,22820,14119,95119,72120,32120,67521,03121,49121,89122,09422,32322,48322,37022,20422,423
16,57616,63118,45418,40318,74818,45518,60717,81118,16318,31218,95319,02419,15619,73320,00420,22019,90619,71020,299
!The term "family" refers to a group of two or more persons related by birth, marriage, or adoption and residing together; all suchpersons are considered members of the same family. Beginning 1979, based on householder concept and restricted to primary families.
2 Current dollar median money income deflated by CPI-U-X1.3 Prior to 1979, data are for persons 14 years and over.4 Based on revised methodology; comparable with succeeding years.5 Based on 1980 census population controls; comparable with succeeding years.
Note.—Poverty rates (percent of persons below poverty level) for all races for years not shown above are: 1959, 22.4; 1960, 22.2;1961, 21.9; 1962, 21.0; 1963, 19.5; 1964, 19.0; 1965, 17.3; 1966, 14.7; 1967, 14.2; 1968, 12.8; 1969, 12.1; 1970, 12.6; 1972, 11.9;1974, 11.2; and 1976, 11.8.
Poverty thresholds are updated each year to reflect changes in the consumer price index (CPI-U).For details see "Current Population Reports," Series P-60, Nos. 184 and 185.
Source: Department of Commerce, Bureau of the Census.
304Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY
TABLE B-32.—Population by age group, 7929-93
(Thousands of persons]
July 1 TotalAge (years)
Under 5 5-15 16-19 20-24 25-44 45-64 65 andover
1929
1933
1939
19401941194219431944
19451946194719481949
19501951195219531954
1955195619571958.,1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989 ,
1990199119921993
121,767
125,579
130,880
132,122133,402134,860136,739138,397
139,928141,389144,126146,631149,188
152,271154,878157,553160,184163,026
165,931168,903171,984174,882177,830
180,671183,691186,538189,242191,889
194,303196,560198,712200,706202,677
205,052207,661209,896211,909213,854
215,973218,035220,239222,585225,055
227,726229,966232,188234,307236,348
238,466240,651242,804245,021247,342
249,900252,671255,462258,233
11,734
10.612
10,418
10,57910,85011,30112,01612,524
12,97913,24414,40614,91915,607
16,41017,33317,31217,63818,057
18,56619,00319,49419,88720,175
20,34120,52220,46920,34220,165
19,82419,20818,56317,91317,376
17,16617,24417,10116,85116,487
16,12115,61715,56415,73516,063
16,45116,89317,22817,54717,695
17,84217,96318,05218,19518,508
18,85019,20419,512
26,800
26,897
25,179
24,81124,51624,23124,09323,949
23,90724,10324,46825,20925,852
26,72127,27928,89430,22731,480
32,68233,99435,27236,44537,368
38,49439,76541,20541,62642,297
42,93843,70244,24444,62244,840
44,81644,59144,20343,58242,989
42,50842,09941,29840,42839,552
38,83838,14437,78437,52637,461
37,45037,40437,33337,59337,972
38,59039,20139,898
9,127
9,302
9.822
9,8959,8409,7309,6079,561
9,3619,1199,0978,9528,788
8,5428,4468,4148,4608,637
8,7448,9169,1959,54310,215
10,68311,02511,18012,00712,736
13,51614,31114,20014,45214,800
15,28915,68816,03916,44616,769
17,01717,19417,27617,28817,242
17,16716,81216,33215,82315,295
15,00515,02415,21515,19814,913
14,44413,90313,644
10,694
11,152
11,519
11,69011,80711,95512.06412,062
12,03612,00411,81411,79411,700
11,68011,55211,35011,06210,832
10,71410,61610,60310,75610,969
11,13411,48311,95912,71413,269
13,74614,05015,24815,78616,480
17,20218,15918,15318,52118,975
19,52719,98620,49920,94621,297
21,59021,86921,90221,84421,737
21,47820,94220,38519,84619,442
19,30219,35219,176
35,862
37,319
39,354
39,86840,38340,86141,42042,016
42,52143,02743,65744,28844,916
45,67246,10346,49546,78647,001
47,19447,37947,44047,33747,192
47,14047,08447,01346,99446,958
46,91247,00147,19447,72148,064
48,47348,93650,48251,74953,051
54,30255,85257,56159,40061,379
63,47065,52867,69269,73371,735
73,67375,65177,33878,59579,943
81,20082,48882,594
21,076
22,933
25,823
26,24926,71827,19627,67128,138
28,63029,06429,49829,93130,405
30,84931,36231,88432,39432,942
33,50634,05734,59135,10935,663
36,20336,72237,25537,78238,338
38,91639,53440,19340,84641,437
41,99942,48242,89843,23543,522
43,80144,00844,15044,28644,390
44,50444,50044,46244,47444,547
44,60244,66044,85445,47145,882
46,28746,75948,352
6,474
7,363
8,764
9,0319,2889,5849,86710,147
10,49410,82811,18511,53811,921
12,39712,80313,20313,61714,076
14,52514,93815,38815,80616,248
16,67517,08917,45717,77818,127
18,45118,75519,07119,36519,680
20,10720,56121,02021,52522,061
22,69623,27823,89224,50225,134
25,70726,22126,78727,36127,878
28,41629,00829,62630,12430,682
31,22831,76432,285
Note.—Includes Armed Forces overseas beginning 1940. Includes Alaska and Hawaii beginning 1950.All estimates are consistent with decennial census enumerations.
Source: Department of Commerce, Bureau of the Census.
305Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-33.—Population and the labor force, 1929-93
[Monthly data seasonally adjusted, except as noted]
Year or month
Civiliannoninsti-tutionalpopula-t ion1
Resi-dent
ArmedForcesl
Laborforce
includ-ing
residentArmedForces
Employ-ment
includ-ing
residentArmedForces
Civilian labor force
Total
Employment
Total cul-tural
Non-agri-
cultural
Un-em-ploy-ment
Unemploy-ment rate
Allwork-ers2
Civil-ian
work-ers3
Civil-ian
laborforcepar-tici-
pationrate4
Civil-ianem-ploy-
ment/pop-ula-tion
ratio5
Thousands of persons 14 years of age and over Percent
192919331939
19401941194219431944
194519461947
99,84099,90098,64094,64093,220
94,090103,070106,018
49,18051,59055,230
55,64055,91056,41055,54054,630
53,86057,52060,168
47,63038,76045,750
47,52050,35053,75054,47053,960
52,82055,25057,812
10,45010,0909,610
9,5409,1009,2509,0808,950
8,5808,3208,256
37,18028,67036,140
37,98041,25044,50045,39045,010
44,24046,93049,557
Thousands of persons 16 years of age and over
194719481949
19501951195219536
195419551956195719581959
I9606
196119626
1963196419651966196719681969
1970197119726
19736
197419751976197719786
1979
1980198119821983198419851986 6
198719881989
1990199119921993
101,827103,068103,994
104,995104,621105,231107,056108,321109,683110,954112,265113,727115,329
117,245118,771120,153122,416124,485126,513128,058129,874132,028134,335
137,085140,216144,126147,096150,120153,153156,150159,033161,910164,863
167,745170,130172,271174,215176,383178,206180,587182,753184,613186,393
188,049189,765191,576193,550
1,55012,8309,480
8,1205,5602,6601,070670
1,0402,2702,356
1,1692,1432,3862,2312,1422,0641,9651,9481,8471,788
1,8611,9002,0612,0062,0181,9462,1222,2182,2532,2382,1181,9731,8131,7741,7211,6781,6681,6561,6311,5971,6041,6451,6681,6761,6971,7061,7061,7371,7091,6881,6371,5641,5661,485
63,37764,16064,52465,24665,78567,08768,51768,87769,48670,157
71,48972,35972,67573,83975,10976,40177,89279,56580,99082,97284,88986,35588,84791,20393,67095,45397,826100,665103,882106,559108,544110,315111,872113,226115,241117,167119,540121,602123,378125,557126,424126,867128,548129,525
60,08762,10462,63663,41062,25164,23465,76466,01964,88366,418
67,63967,64668,76369,76871,32373,03475,01776,59078,17380,14080,79681,34083,96686,83888,51587,52490,42093,67397,679100,421100,907102,042101,194102,510106,702108,856111,303114,177116,677119,030119,550118,440119,164120,791
59,35060,62161,286
62,20862,01762,13863,01563,64365,02366,55266,92967,63968,369
69,62870,45970,61471,83373,09174,45575,77077,34778,73780,73482,77184,38287,03489,42991,94993,77596,15899,009102,251104,962106,940108,670110,204111,550113,544115,461117,834119,865121,669123,869124,787125,303126,982128,040
57,03858,34357,651
58,91859,96160,25061,17960,10962,17063,79964,07163,03664,630
65,77865,74666,70267,76269,30571,08872,89574,37275,92077,90278,67879,36782,15385,06486,79485,84688,75292,01796,04898,82499,303100,39799,526100,834105,005107,150109,597112,440114,968117,342117,914116,877117,598119,306
7,8907,6297,658
7,1606,7266,5006,2606,2056,4506,2835,9475,5865,565
5,4585,2004,9444,6874,5234,3613,9793,8443,8173,6063,4633,3943,4843,4703,5153,4083,3313,2833,3873,3473,3643,3683,4013,3833,3213,1793,1633,2083,1693,1993,1863,2333,2073,074
49,14850J1449,993
51,75853,23553,74954,91953,90455,72257,51458,12357,45059,065
60,31860,54661,75963,07664,78266,72668,91570,52772,10374,29675,21575,97278,66981,59483,27982,43885,42188,73492,66195,47795,93897,03096,12597,450101,685103,971106,434109,232111,800114,142114,728113,644114,391116,232
2,3112,2763,637
3,2882,0551,8831,8343,5322,8522,7502,8594,6023,740
3,8524,7143,9114,0703,7863,3662,8752,9752,8172,832
4,0935,0164,8824,3655,1567,9297,4066,9916,2026,137
7,6378,27310,67810,7178,5398,3128,2377,4256,7016,528
6,8748,4269,3848,734
5.23.22.92.85.44.34.04.26.65.3
5.46.55.45.55.04.43.73.73.53.4
4.85.85.54.85.58.37.66.96.05.8
7.07.59.59.57.47.16.96.15.45.2
5.46.67.36.7
3.224.917.2
14.69.94.71.91.2
1.93.93.9
3.93.85.9
5.33.33.02.95.54.44.14.36.85.5
5.56.75.55.75.24.53.83.83.63.5
4.95.95.64.95.68.57.77.16.15.8
7.17.69.79.67.57.27.06.25.55.3
5.56.77.46.8
55.756.057.258.758.6
57.255.856.8
58.358.858.9
59.259.259.058.958.859.360.059.659.559.3
59.459.358.858.758.758.959.259.659.660.1
60.460.260.460.861.361.261.662.363.263.7
63.863.964.064.064.464.865.365.665.966.5
66.466.066.366.2
47.650.454.557.657.9
56.153.654.5
56.056.655.4
56.157.357.357.155.556.757.557.155.456.0
56.155.455.555.455.756.256.957.357.558.0
57.456.657.057.857.856.156.857.959.359.9
59.259.057.857.959.560.160.761.562.363.0
62.761.661.461.6
1 Not seasonally adjusted.2 Unemployed as percent of labor force including resident Armed Forces.3 Unemployed as percent of civilian labor force.4 Civilian labor force as percent of civilian noninstitutional population.5 Civilian employment as percent of civilian noninstitutional population.See next page for continuation of table.
306Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-33.—Population and the labor force, 1929-93—Continued
[Monthly data seasonally adjusted, except as noted]
Year or month
Civiliannoninsti-tutionalpopula-tion1
Resi-dent
ArmedForcesl
Laborforce
includ-ing
ArmedForces
Employ-ment
includingresidentArmedForces
Civilian labor force
Total
Employment
TotalAgri-cul-tural
Non-agri-
cultural
Un-em-ploy-ment
Unemploy-ment rate
Allwork-ers2
Civil-ian
work-ers3
Civil-ian
laborforce
85:pationrate4
Civil-ianem-ploy-ment/pop-ula-tion
ratio5
Thousands of persons 16 years of age and over Percent
1990: Jan...Feb...Mar..Apr...May..June.
July..Aug..Sept.Oct...Nov..Dec.
1991: Jan...Feb...Mar..Apr...May..June.
July..Aug..Sept.Oct...Nov..Dec.
1992: Jan...Feb...Mar..Apr...May..June.
July..Aug..Sept.Oct...Nov..Dec.
1993: Jan...Feb...Mar..Apr...May..June
July.Aug.SeptOct..Nov.D e c
187,293187,412187,529187,669187,828187,977
188,136188,261188,401188,525188,697188,866
188,977189,115189,243189,380189,522189,668
189,839189,973190,122190,289190,452190,605
190,759190,884191,022191,168191,307191,455
191,622191,790191,947192,131192,316192,509
192,644192,786192,959193,126193,283193,456
193,633193,793193,971194,151194,321194,472
1,6971,6781,6691,6571,6391,630
1,6271,6401,6011,5701,6151,617
1,6151,6021,4601,4561,4581,505
1,6041,6161,6241,6141,6051,604
1,5991,5851,5851,5771,5741,570
1,5681,5661,5661,5521,5311,517
1,5151,5121,4971,4921,4841,477
1,4711,4821,4821,4751,4701,461
126,298126,299126,432126,470126,554126,282\
126,284126,457126,504126,480126,477126,766
126,402126,629126,716127,177126,643126,872
126,706126,565127,231127,192127,124127,245
127,748127,794128,130128,494128,610128,839
128,926128,905128,872128,485128,818128,986
128,739128,912128,937129,031129,559129,533
129,573129,816129,590130,055130,132130,359
119,687119,714119,942119,762119.955119,868
119,576119,446119,389119,288118,974119,033
118,582118.471118,251118,867118,104118,383
118,342118,121118,766118,611118,453118,240
118,729118,504118,840119,247119,108119,068
119,331119,315119,338119,275119,505119.672
119,693119,954120,059120,077120,664120.664
120,841121.174121,050121.416121,802122,122
124,601124,621124,763124,813124,915124,652
124,657124,817124,903124,910124,862125,149
124,787125,027125,256125,721125,185125,367
125,102124,949125,607125,578125,519125.641
126,149126,209126,545126,917127,036127,269
127,358127.339127,306126,933127,287127,469
127,224127,400127,440127,539128,075128.056
128,102128,334128,108128,580128.662128,898
117,990118,036118,273118,105118,316118,238
117,949117,806117,788117,718117,359117,416
116,967116,869116,791117,411116,646116,878
116,738116,505117,142116,997116,848116,636
117,130116,919117,255117,670117,534117,498
117,763117,749117,772117,723117,974118,155
118,178118,442118,562118,585119,180119,187
119,370119,692119,568119,941120.332120,661
3,1563,1233,2233,1673,2893,257
3,1083,1493,1703,2013,1493,252
3,1733,2283,1313,1893,2693,281
3,2583,2733.2753,2313,2553,141
3,1363,2183,2083,2203,1923,248
3,2173,2373,2113,1883,1703.222
3,1823,1163,0993,0713,0743,031
3,0433,0053.0933,0213,1143.0%
114,834114,913115,050114,938115,027114,981
114,841114,657114,618114,517114,210114,164
113,794113,641113,660114.222113,377113,597
113,480113,232113,867113,766113,593113.495
113,994113,701114,047114,450114,342114,250
114,546114,512114,561114,535114,804114,933
114,996115,326115,463115,514116,106116,156
116,327116,687116,475116,920117,218117,565
6,6116,5856,4906,7086,5996,414
6,7087,0117,1157,1927,5037,733
7,8208,1588,4658,3108,5398,489
8,3648,4448,4658,5818,6719,005
9,0199,2909,2909,2479,5029,771
9,5959,5909,5349.2109,3139,314
9,0468,9588,8788,9548,8958,869
8,7328,6428,5408,6398,3308.237
5.25.25.15.35.25.1
5.35.55.65.75.96.1
6.26.46.76.56.76.7
6.66.76.76.76.87.1
7.17.37.37.27.47.6
7.47.47.47.27.27.2
7.06.96.96.96.96.8
6.76.76.66.66.46.3
5.35.35.25.45.35.1
5.45.65.75.86.06.2
6.36.56.86.66.86.8
6.76.86.76.86.97.2
7.17.47.37.37.57.7
7.57.57.57.37.37.3
7.17.07.07.06.96.96.86.76.76.76.56.4
66.566.566.566.566.566.3
66.366.366.366.366.266.3
66.066.166.266.466.166.1
65.965.866.166.065.965.9
66.166.166.266.466.466.5
66.566.466.366.166.266.2
66.066.166.066.066.366.2
66.266.266.066.266.266.3
63.063.063.162.963.062.9
62.762.662.562.462.262.2
61.961.861.762.061.561.6
61.561.361.661.561.461.2
61.461.361.461.661.461.4
61.561.461.461.361.361.4
61.361.461.461.461.761.6
61.661.861.661.861.962.0
6 Not strictly comparable with earlier data due to population adjustments as follows: Beginning 1953, introduction of 1950 censusdata added about 600,000 to population and 350,000 to labor force, total employment, and agricultural employment. Beginning 1960,inclusion of Alaska and Hawaii added about 500,000 to population, 300,000 to labor force, and 240.000 to nonagricultural employment.Beginning 1962, introduction of 1960 census data reduced population by about 50.000 and labor force and employment by 200,000.Beginning 1972, introduction of 1970 census data added about 800,000 to civilian noninstitutional population and 333,000 to laborforce and employment. A subsequent adjustment based on 1970 census in March 1973 added 60,000 to labor force and to employment.Beginning 1978, changes in sampling and estimation procedures introduced into the household survey added about 250,000 to laborforce and to employment. Unemployment levels and rates were not significantly affected. Beginning 1986, the introduction of revisedpopulation controls added about 400,000 to the civilian population and labor force and 350,000 to civilian employment. Unemploymentlevels and rates were not significantly affected.
Note.—Labor force data in Tables B-33 through B-42 are based on household interviews and relate to the calendar week includingthe 12th of the month. For definitions of terms, area samples used, historical comparability of the data, comparability with other series,etc., see "Employment and Earnings."
Source: Department of Labor, Bureau of Labor Statistics.
307Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-34.—Civilian employment and unemployment by sex and age. 1947-93
[Thousands ot persons 16 years of age and over; monthly data seasonally adjusted]
Year or month
Civilian employment
Total
Males
Total 16-19years
20yearsandover
Females
Total 16-19years
20yearsandover
Unemployment
Total
Males
Total 16-19years
20yearsandover
Females
Total 16-19years
20yearsandover
194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931992. Jan..
Feb...Mar..Apr...May..June.July..Aug..Sept.Oct...Nov..Dec.
1993: Jan..Feb...Mar.Apr..May.JuneJuly.Aug.SeptOct..Nov.Dec.
57,03858,34357,65158,91859,96160,25061,17960,10962,17063,79964,07163,03664,63065,77865,74666,70267,76269,30571,08872,89574,37275,92077,90278,67879,36782,15385,06486,79485,84688,75292,01796,04898,82499,303100,39799,526100,834105,005107,150109,597112,440114,968117,342117,914116,877117,598119,306117,130116,919117,255117,670117,534117,498117,763117,749117,772117,723117,974118,155118,178118,442118,562118,585119,180119,187119,370119,692119,568119,941120,332120,661
40,99541,72540,92541,57841,78041,68242,43041,61942,62143,37943,35742,42343,46643,90443,65644,17744,65745,47446,34046,91947,47948,11448,81848,99049,39050,89652,34953,02451,85753,13854,72856,47957,607
57,18657,39756,27156,78759,09159,89160,89262,10763,27364,31564,43563,59363,80564,70063,49963,31963,55363,85363,82163,73263,83063,86963,98063,92064,02864,17864,23764,32964,35564,41664,68764,64264,72864,90464,75664,97165,14465,259
2,2182,3442,1242,1862,1562,1072,1361,9852,0952,1642,1152,0122,1982,3612,3152,3622,4062,5872,9183,2533,1863,2553,4303,4093,4783,7654,0394,1033,8393,9474,1744,3364,3004,0853,8153,3793,3003,3223,3283,3233,3813,4923,4773,2372,8792,7862,8362,8502,7402,6932,7632,7462,7232,7472,7652,8392,8492,8282,8642,8192,8522,8572,8022,8382,8372,8592,8982,8552,7992,8292,815
38,77639,38238,80339,39439,62639,57840,29639,63440,52641,21641,23940,41141,26741,54341,34241,81542,25142,88643,42243,66844,29444,85945,38845,58145,91247,13048,31048,92248,01849,19050,55552,14353,308
53,10153,58252,89153,48755,76956,56257,56958,72659,78160,83761,19860,71461,01961,86560,64960,57960,86061,09061,07561,00961,08361,10461,14161,07161,20061,31461,41861,47761,49861,61461,84961,80561,86962,00661,90162,17262,31562,444
16,04516,61716,72317,34018,18118,56818,74918,49019,55120,41920,71420,61321,16421,87422,09022,52523,10523,83124,74825,97626,89327,80729,08429,68829,97631,25732,71533,76933,98935,61537,28939,56941,217
42,11743,00043,25644,04745,91547,25948,70650,33451,69653,02753,47953,28453,79354,60653,63153,60053,70253,81753,71353,76653,93353,88053,79253,80353,94653,97753,94154,11354,20754,16954,49354,54554,64254,78854,81254,97055,18855,402
1,6911,6821,5881,5171,6111,6121,5841,4901,5471,6541,6631,5701,6401,7681,7931,8331,8491,9292,1182,4682,4962,5262,6872,7352,7302,9803,2313,3453,2633,3893,5143,7343,7833,6253,4113,1703,0433,1223,1053,1493,2603,3133,2823,0242,7492,6132,6942,6772,6762,6242,6152,6242,5532,5652,6422,6012,5832,5792,6192,6332,6342,5912,6362,7162,6702,7412,7042,7402,7272,7652,771
14,35414,93615,13715,82416,57016,95817,16417,00018,00218,76719,05219,04319,52420,10520,29620,69321,25721,90322,63023,51024,39725,28126,39726,95227,24628,27629,48430,42430,72632,22633,77535,83637,434
38,49239,59040,08641,00442,79344,15445,55647,07448,38349,74550,45550,53551,18151,91250,95450,92451,07851,20251,08951,21351,36851,23851,19151,22051,36751,35851,30851,47951,61651,53351,77751,87551,90152,08452,07252,24352,42352,631
2,3112,2763,6373,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,27310,67810,7178,5398,3128,2377,4256,7016,5286,8748,4269,3848,7349,0199,2909,2909,2479,5029,7719,5959,5909,5349,2109,3139,314
9,0468,9588,8788,9548,8958,8698,7328,6428,5408,6398,3308,237
1,6921,5592,5722,2391,2211,1851,2022,3441,8541,7111,8413,0982,4202,4862,9972,4232,4722,2051,9141,5511,5081,4191,4032,2382,7892,6592,2752,7144,4424,0363,6673,1423,1204,2674,5776,1796,2604,7444,5214,5304,1013,6553,5253,7994,8175,3804,9325,2115,3795,3465,2795,5265,6505,4425,4765,4435,3445,3305,2014,9775,0675,1475,0985,0165,0415,0024,9434,8244,8494,5864,554
270256353318191205184310274269300416398426479408501487479432448426440599693711653757966939874813811913962
1,0901,003812806779732667658629709761728724771772703742865768776820683764753737742729810731759731728687715703677
1,4221,3052,2191,9221,029980
1,0192,0351,5801,4421,5412,6812,0222,0602,5182,0161,9711,7181,4351,1201,060993963
1,6382,0971,9481,6241,9573,4763,0982,7942,3282,3083,3533,6155,0895,2573,9323,7153,7513,3692,9872,8673,1704,1094,6194,2044,4874,6084,5744,5764,7844,7854,6744,7004,6234,6614,5664,4484,2404,3254,4184,2884,2854,2824,2714,2154,1374,1343,8833,877
619717
1,0651,049834698632
1,188998
1,0391,0181,5041,3201,3661,7171,4881,5981,5811,4521,3241,4681,3971,4291,8552,2272,2222,0892,4413,4863,3693,3243,0613,0183,3703,6964,4994,4573,7943,7913,7073,3243,0463,0033,0753,6094,0053,8013,8083,9113,9443,9683,9764,121
4,1534,1144,0913,8663,9834,1134,0693,8913,7313,8563,8793,8283,7303,6993,7163,7903,7443,683
144153223195145140123191176209197262256286349313383385395405391412413506568598583665802780789769743755800886825687661675616558536519581591568
561579575559594682630577614535615576594596588575640571531534537571546531
475564841854689559510997823832821
1,2421,0631,0801,3681,1751,2161,1951,056921
1,078985
1,0151,3491,6581,6251,5071,7772,6842,5882,5352,2922,2762,6152,8953,6133,6323,1073,1293,0322,7092,4872,4672,5553,0283,4133,2343,2473,3323,3693,4093,3823,4393,5233,5373,4773,3313,3683,5373,4753,2953,1433,2813,2393,2573,1993,1653,1793,2193,1983,152
Note.—See footnote 6 and Note, Table B-33.
Source: Department of Labor, Bureau of Labor Statistics.
308Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T A B L E B-35.—Civilian employment by demographic characteristic, 1954-93
[Thousands of persons 16 years of age and over; monthly data seasonally adjusted]
Year ormonth
Allcivilianworkers
White
Total Males Fe-males
Bothsexes16-19
Black and other
Total Males Fe-males
Bothsexes16-19
Black
Total Males Fe-males
Bothsexes16-19
195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983198419851986198719881989
1990199119921993
1992: JanFeb....Mar....Apr....May...June...
July....Aug....Sept...Oct....Nov....Dec...
1993:JanFeb....Mar....Apr...May..June-July...Aug...Sept..Oct...Nov...Dec...
60,10962,17063,79964,07163,03664,630
65,77865,74666,70267,76269,30571,08872,89574,37275,92077,902
78,67879,36782,15385,06486,79485,84688,75292,01796,04898,824
99,303100,39799,526100,834105,005107,150109,597112,440114,968117,342
117,914116,877117,598119,306
117,130116,919117,255117,670117,534117,498
117,763117,749117,772117,723117,974118,155
118,178118,442118,562118,585119,180119,187
119,370119,692119,568119,941120,332120,661
53,95755,83357,26957,46556,61358,006
58,85058,91359,69860,62261,92263,44665,02166,36167,75069,518
70,21770,87873,37075,70877,18476,41178,85381,70084,93687,259
87,71588,70987,903
92,12093,73695,66097,78999,812101,584
102,087101,039101,479102,812
101,195101,051101,308101,599101,473101,277
101,568101,479101,497101,547101,793101,944
102,029102,076102,251102,190102,612102,721
102,835103,179103,094103,273103,662103,807
37,84638,71939,36839,34938,59139,494
39,75539,58840,01640,42841,11541,84442,33142,83343,41144,048
44,17844,59545,94447,08547,67446,69747,77549,15050,54451,452
51,12751,31550,28750,62152,46253,04653,78554,64755,55056,352
56,43255,55755,70956,397
55,48555,35755,50755,74555,70955,596
55,76855,74955,82955,82355,84656,052
56,08656,10056,17556,16656,30456,362
56,33656,52356,46756,62756,79956,794
16,11117,11417,90118,11618,02218,512
19,09519,32519,68220,19420,80721,60222,69023,52824,33925,470
26,03926,28327,42628,62329,51129,71431,07832,55034,39235,807
36,58737,39437,61538,27239,65940,69041,87643,14244,26245,232
45,65445,48245,77046,415
45,71045,69445,80145,85445,76445,681
45,80045,73045,66845,72445,94745,892
45,94345,97646,07646,02446,30846,359
46,49946,65646,62746,64646,86347,013
3,0783,2253,3893,3743,2163,475
3,7003,6933,7743,8514,0764,5625,1765,1145,1955,508
5,5715,6706,1736,6236,7966,4876,7247,0687,3677,356
7,0216,5885,9845,7995,8365,7685,7925,8986,0305,946
5,5184,9894,7614,887
4,8774,7824,6884,7684,7634,601
4,7004,7564,7954,7974,7644,827
4,8084,8244,8294,8264,8784,835
4,9024,9304,9394,9064,9914,970
6,1526,3416,5346,6046,4236,623
6,9286,8337,0037,1407,3837,6437,8778,0118,1698,384
8,4648,4888,7839,3569,6109,4359,89910,31711,11211,565
11,58811,68811,62411,94112,88513,41413,93714,65215,15615,757
15,82715,83816,11916,494
15,92815,94315,94516,02916,00216,179
16,16816,31516,30516,21016,18916,206
16,12616,43916,30616,35416,50716,408
16,45916,52216,51216,69716,70516,876
3,7733,9044,0134,0063,8333,971
4,1494,0684,1604,2294,3594,4964,5884,6464,7024,770
4,8134,7964,9525,2655,3525,1615,3635,5795,9366,156
6,0596,0835,9836,1666,6296,8457,1077,4597,7227,963
8,0038,0368,0968,303
8,0408,0368,0418,0768,0388,105
8,0768,1368,1578,1298,1898,118
8,1578,2848,1628,2108,3078,249
8,3678,3668,3028,3808,3638,476
2,3792,4372,5212,5982,5902,652
2,7792,7652,8432,9113,0243,1473,2893,3653,4673,614
3,6503,6923,8324,0924,2584,2754,5364,7395,1775,409
5,5295,6065,6415,7756,2566,5696,8307,1927,4347,795
7,8257,8028,0238,191
7,8887,9077,9047,9537,9648,074
8,0928,1798,1488,0818,0008,088
7,9698,1558,1448,1448,2008,159
8,0928,1568,2108,3178,3428,400
396418430407365362
430414420404440474545568584609
574538573647652615611619703727
689637565543607666681742774813
743639637642
665649609618597636
626685639640640648
635653593618675640
681652630616628
7,8028,1288,2037,8948,2278,5409,1029,359
9,3139,3559,1899,375
10,11910,50110,81411,30911,65811,953
11,96611,86311,93312,146
11,86611,79911,83611,85611,84511,982
11,97412,07912,04911,97611,95811,954
11,86412,15711,99111,96512,14012,076
12,13412,22512,20212,29212,29712,397
4,3684,5274,5274,2754,4044,5654,7964,923
4,7984,7944,6374,7535,1245,2705,4285,6615,8245,928
5,9155,8805,8465,957
5,8765,8125,8145,8235,8095,862
5,8265,8555,8705,8505,8975,849
5,8956,0095,8845,8465,9615,931
6,0086,0315,9605,9915,9516,013
3,4333,6013,6773,6183,8233,9754,3074,436
4,5154,5614,5524,6224,9955,2315,3865,6485,8346,025
6,0515,9836,0876,189
5,9905,9876,0226,0336,0366,120
6,1486,2246,1796,1266,0616,105
5,9696,1486,1076,1196,1796,145
6,1266,1946,2426,3016,3466,384
509570554507508508571579
547505428416474532536587601625
573474474474
519492477461445470
462496467451465485
485487443436494451
513514484463461467
Note.—See footnote 6 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.
309Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-36.—Unemployment by demographic characteristic, 1954-93
[Thousands of persons 16 years of age and over; monthly data seasonally adjusted]
Year ormonth
Allcivilianworkers
White
Total MalesFe-
males
Bothsexes16-19
Black and other
Total MalesFe-
males
Bothsexes16-19
Black
Total MalesFe-
males
Bothsexes16-19
195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983198419851986198719881989
1990199119921993
1992: Jan...Feb..Mar..Apr..May.June.
July..Aug..Sept.Oct..Nov..Dec.
1993: Jan...Feb..Mar..Apr..May.June.
July..Aug..Sept.Oct..Nov..Dec.
3,5322,8522,7502,8594,6023,740
3,8524,7143,9114,0703,7863,3662,8752,9752,8172,832
4,0935,0164,8824,3655,1567,9297,4066,9916,2026,137
7,6378,273
10,67810,7178,5398,3128,2377,4256,7016,528
6,8748,4269,3848,734
9,0199,2909,2909,247.9,5029,771
9,5959,5909,5349,2109,3139,314
9,0468,9588,8788,9548,8958,869
8,7328,6428,5408,6398,3308,237
2,8592,2522,1592,2893,6802,946
3,0653,7433,0523,2082,9992,6912,2552,3382,2262,260
3,3394,0853,9063,4424,0976,4215,9145,4414,6984,664
5,8846,3438,2418,1286,3726,1916,1405,5014,9444,770
5,0916,4477,0476,547
6,8266,9967,0716,9807,0407,327
7,1937,1667,2146,9666,8996,917
6,7506,6706,6716,6016,6226,652
6,5586,4676,3986,7366,1426,209
1,9131,4781,3661,4772,4891,903
1,9882,3981,9151,9761,7791,5561,2411,2081,1421,137
1,8572,3092,1731,8362,1693,6273,2582,8832,4112,405
3,3453,5804,8464,8593,6003,4263,4333,1322,7662,636
2,8663,7754,1213,753
4,0534,1324,1364,0834,2394,337
4,1344,1594,2034,0554,0293,933
3,8473,8493,9093,8253,7813,818
3,8333,7563,6573,7883,3863,509
946774793812
1,1911,043
1,0771,3451,1371,2321,2201,1351,0141,1301,0841,123
1,4821,7771,7331,6061,9272,7942,6562,5582,2872,260
2,5402,7623,3953,2702,7722,7652,7082,3692,1772,135
2,2252,6722,9262,793
2,7732,8642,9352,8972,8012,990
3,0593,0073,0112,9112,8702,984
2,9032,8212,7622,7762,8412,834
2,7252,7112,7412,9482,7562,700
423373382401541525
575669580708708705651635644660
8711,0111,021955
1,1041,4131,3641,2841,1891,193
1,2911,3741,5341,3871,1161,0741,070995910863
856977983943
939999
1,044919957
1,138
1,006969
1,032864992948
951963945962983945
909934912
1,003922894
673601591570923793
788971861863787678622638590571
754930977924
1,0581,5071,4921,5501,5051,473
1,7521,9302,4372,5882,1672,1212,0971,9241,7571,757
1,7831,9792,3372,187
2,2572,2612,2422,2452,3882,456
2,4012,4002,3262,3652,3422,377
2,3552,2662,2222,3182,2042,231
2,1692,1562,1322,0402,1332,013
431376345364610517
498599509496426360310300277267
380481486440544815779784731714
922997
1,3341,4011,1441,0951,097969888889
9331,0431,2591,179
1,2521,2301,2241,1911,2641,298
1,2931,2961,2561,3081,2431,267
1,2271,2071,2481,2531,2131,209
1,1581,1711,1691,0881,1511,046
242225246206313276
290372352367361318312338313304
374450491484514692713766774759
830933
1,1041,1871,0221,026999955869868
850936
1,0791,008
1,0051,0311,0181,0541,1241,158
1,1081,1041,0701,0571,0991,110
1,1281,059974
1,065991
1,022
1,011985963952982967
79779596138128
138159142176165171186203194193
235249288280318355355379394362
377388443441384394383353316331
292313369353
337352314339372398
386375400383393384
371375380416379380
344319306314337317
906846965
1,3691,3341,3931,3301,319
1,5531,7312,1422,2721,9141,8641,8401,6841,5471,544
1,5271,6791,9581,796
1,8711,9241,9151,8942,0222,021
2,0102,0111,9271,9821,9441,979
1,9531,8571,8711,9031,8041,846
1,7861,7441,7501,6531,7601,614
448395494741698698641636
815891
1,1671,2131,003951946826771773
793874
1,046954
1,0171,0471,040986
1,0631,073
1,0651,0761,0461,0821,0181,047
1,006968
1,0341,034970976
929931950863950825
458451470629637695690683
738840975
1,059911913894858776772
734805912842
854877875908959948
945935881900926932
947889837869834870
857813800790810789
279262297330330354360333
343357396392353357347312288300
258270313302
291313268288322328
321316346329321316
312311325361323321
293259275269301274
Note.—See footnote 6 and Note, Table B-33.
Source: Department of Labor, Bureau of Labor Statistics.
310Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-37.—Civilian labor force participation rate and employment/population ratio, 1948-93
[Percent;1 monthly data seasonally adjusted]
Year or month
Labor force participation rate
civilianwork- Males Fe-
males
Bothsexes16-19years
WhiteBlackand
otherBlack
Employment/population ratio
Allcivilianwork-
ersMales Fe-
males
Bothsexes16-19years
WhiteBlackand
otherBlack
19481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931992: Jan..
Feb..Mar.Apr..May.JuneJuly..Aug.SeptOct..Nov..Dec.
1993: Jan..Feb..Mar.Apr..May.JuneJuly..Aug.SeptOct..Nov..Dec.
58.858.959.259.259.058.958.859.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.460.861.361.261.662.363.263.763.863.964.064.064.464.865.365.665.966.566.466.066.366.266.166.166.266.466.466.566.566.466.366.166.266.266.066.166.066.066.366.266.266.266.066.266.266.3
86.686.486.486.386.386.085.585.485.584.884.283.783.382.982.081.481.080.780.480.480.179.879.779.178.978.878.777.977.577.777.977.877.477.076.676.476.476.376.376.276.276.4
76.175.575.675.275.475.475.575.775.975.875.775.775.775.475.475.475.175.375.375.275.475.375.275.374.975.175.075.0
32.733.133.934.634.734.434.635.736.936.937.137.137.738.137.938.338.739.340.341.141.642.743.343.443.944.745.746.347.348.450.050.951.552.152.652.953.654.555.356.056.657.4
57.557.357.857.957.657.757.857.957.757.958.157.957.857.557.757.857.757.757.657.657.957.957.857.957.958.158.258.3
52.552.251.852.251.350.248.348.950.949.647.446.747.546.946.145.244.545.748.248.448.349.449.949.751.953.754.854.054.556.057.857.956.755.454.153.553.954.554.754.755.355.953.751.751.351.551.751.550.650.451.151.951.251.452.250.451.451.751.451.951.551.852.551.551.851.651.251.151.250.9
58.258.759.459.158.958.758.858.858.358.258.258.458.759.259.359.960.260.160.460.861.461.561.862.563.363.964.164.364.364.364.665.065.565.866.266.7
66.866.666.766.766.666.666.866.966.866.866.966.766.766.666.666.766.666.566.666.566.766.766.766.866.767.066.866.9
64.064.264.964.464.864.364.564.163.263.063.162.963.062.862.262.161.860.960.260.560.359.659.860.462.262.261.761.361.662.162.663.363.764.364.064.763.763.163.863.163.663.563.363.563.864.564.264.564.163.863.563.563.163.763.063.363.463.062.862.862.662.863.063.1
59.960.259.858.859.059.861.561.461.060.861.061.562.262.963.363.863.864.263.362.663.362.463.062.962.962.863.363.863.764.163.463.362.963.062.463.262.462.362.662.462.362.462.362.162.562.3
56.655.456.157.357.357.155.556.757.557.155.456.056.155.455.555.455.756.256.957.357.558.057.456.657.057.857.856.156.857.959.359.959.259.057.857.959.560.160.761.562.363.062.761.661.461.661.461.361.461.661.461.461.561.461.461.361.361.461.361.461.461.461.761.661.661.861.661.861.962.0
83.581.382.084.083.983.681.081.882.381.378.579.378.977.677.777.177.377.577.978.077.877.676.274.975.075.574.971.772.072.873.873.872.071.369.068.870.770.971.071.572.072.571.970.269.769.969.769.569.769.969.869.769.769.769.769.669.669.769.769.869.769.769.969.869.870.069.769.970.070.1
31.331.232.033.133.433.332.534.035.135.134.535.035.535.435.635.836.337.138.339.039.640.740.840.441.042.042.642.043.244.546.447.547.748.047.748.049.550.451.452.553.454.3
54.353.753.854.153.853.853.853.953.853.853.953.853.753.653.753.753.753.853.953.854.154.154.154.254.254.354.554.7
47.745.245.547.946.946.442.343.545.343.939.939.940.539.139.437.437.338.942.142.242.243.442.341.343.545.946.043.344.246.148.348.546.644.641.541.543.744.444.645.546.847.545.442.141.041.742.041.340.440.840.940.240.541.141.341.240.941.641.341.741.441.342.141.542.242.142.041.441.841.9
55.256.557.356.855.355.955.955.355.455.355.556.056.857.257.458.057.556.857.458.258.356.757.558.660.060.660.060.058.858.960.561.061.562.363.163.863.662.662.462.762.462.362.462.662.562.362.462.362.362.362.462.462.562.562.562.462.762.762.762.962.862.963.063.1
58.058.759.559.356.757.557.956.256.356.257.057.858.458.258.058.156.854.954.155.054.351.452.052.554.755.253.652.650.951.053.654.755.456.857.458.257.356.155.755.755.755.655.555.755.556.055.956.356.155.755.555.455.056.055.455.555.955.455.555.655.456.055.956.3
53.754.553.550.150.851.453.653.852.351.349.449.552.353.454.155.656.356.956.254.954.354.454.454.154.254.254.154.654.554.954.754.354.154.053.554.854.053.854.554.154.354.654.554.854.755.1
1 Civilian labor force or civilian employment as percent of civilian noninstitutional population in group specified.
Note.—Data relate to persons 16 years of age and over.See footnote 6 and Note, Table B-33.
Source: Department of Labor, Bureau of Labor Statistics.
311Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-38.—Civilian labor force participation rate by demographic characteristic, 1954-93
[Percent;1 monthly data seasonally adjusted]
Year or month
19541955 .1956195719581959
1960196119621963196419651966196719681969
19701971.1972
1972....1973197419751976197719781979
1980198119821983198419851986198719881989
1990199119921993
1992: JanFebMar
May"!!!!!!!!!!June
JulyAugSeptOctNovDec
1993:JanFebMar
Jay!!!!!!!!!!June
JulyAugSeptOctNovDec
Allcivil-ian
work-ers
58.859 360.059 659.559.3
59.459.358.858.758.758 959.259 659.660.1
60.460.260.4
60.460.861.361.261662.363.263.7
63 863.964 064.064.464.865 365.665.966.5
66.466.066.366.2
66.166.166.266.466.466.5
66.566.466.366.166.266.2
66.066.166.066.066.366.2
66.266.266.066.266.266.3
White
Total
58.258 759.459158.958.7
58.858.858.358.258.258 458.759 259.359.9
60.260.160.4
60.460.861.461.561.862.563.363.9
64164.364 364.364.665.065.565.866.266.7
66.866.666.766.7
66.666.666.866.966.866.8
66.966.766.766.666.666.7
66.666.566.666.566.766.7
66.766.866.767.066.866.9
Males
Total
85.685 485.684 884.383.8
83.483.082.181.581.180 880.680 680.480.2
80.079.679.6
79.679.479.478.778 478.578.678.6
78 277.977.477.177.177.076.976.876.977.1
76.976.476.476.1
76.376.276.376.576.676.5
76.476.476.576.276.176.2
76.176.176.276.076.176.1
76.176.175.976.275.875.9
16-19years
57.658 660.459 256.555.9
55.954.553.853.152.754 155.956 355.956.8
57.557.960.1
60.162.062.961.962 364.065.064.8
63 762.460 059.459.059.759 359.060.061.0
59.457.256.756.5
57.256.555.956.356.457.0
56.556.558.656.056.957.1
56.456.757.056.656.156.8
56.557.356.156.156.756.0
20yearsandover
87.887 587.686 986.686.3
86.085.784.984.484.283 983.683 583.283.0
82.882.382.0
82.081.681.480.780 380.280.180.1
79 879.579 278.978.778.578 578.478.378.5
78.377.877.877.5
77.777.677.878.078.178.0
77.977.877.877.777.577.6
77.577.577.677.477.577.5
77.577.577.377.777.277.4
Females
Total
33.334 535.735 735.836.0
36.536.936.737.237.538 139.240 140.741.8
42.642.643.2
43.244.145.245.946 948.049.450.5
51251.952 452.753.354.155 055.756.457.2
57.557.457.858.0
57.757.757.957.957.757.8
57.957.857.757.657.857.8
57.757.757.757.658.058.0
58.058.158.158.358.358.4
16-19years
40.640 743.142 240.139.6
40.340.639.838.737.839 242.642 543.044.6
45.645.448.1
48.150.151.751.552 854.556.757.4
56 255.455 054.555.455.256 356.557.257.1
55.454.352.653.7
52.953.152.951.952.652.5
52.652.652.451.852.652.7
53.053.252.553.155.052.6
53.353.354.155.254.454.2
20yearsandover
32.734 035.135 235.535.6
36.236.636.537.037.538 038.839 840.441.5
42.242.342.7
42.743.544.445.346 247.348.749.8
50 651.552 252.553.154.054 955.656.357.2
57.657.758.158.3
58.058.058.258.358.058.1
58.358.158.058.058.158.1
58.158.058.057.958.258.4
58.358.558.458.558.658.7
Black and other or black
Total
Males
Total16-19years
20yearsandover
Females
Total16-19years
20yearsandover
Black and other
64.064 264.964 464.864.3
64.564.163.263.063.162 963.062 862.262.1
61.860.960.2
85.285 185.184 284.183.4
83.082.280.880.280.179 679.078 577.776.9
76.574.973.9
61.260 861.558 857.355.5
57.655.853.551.549.951351.451 149.749.6
47.444.746.0
87.187 887.887 087.186.7
86.285.584.283.984.183 783.382 982.281.4
81.480.078.6
46.146147.347 148.047.7
48.248.348.048.148.648 649.449 549.349.8
49.549.248.8
31.032 736.333 231.928.2
32.932.833.132.631.729 533.535 234.834.6
34.131.232.3
47.747 548.448 649.849.8
49.950.149.649.950.751151.651651.452.0
51.851.851.2
Black
59.960.259.858.859 059.861.561.4
61060.861 061.562.262.963 363.863.864.2
63.362.663.362.4
63.062.962.962.863.363.8
63.764.163.463.362.963.0
62.463.262.462.362.662.4
62.362.462.362.162.562.3
73.673.472.970.970 070.671.571.3
70 370.070 170.670.870.871 271.171.071.0
70.169.569.768.6
70.369.869.769.169.770.2
69.770.069.769.769.469.1
69.169.769.068.668.968.6
68.868.968.367.668.067.3
46.345.746.742.641343.244.943.6
43 241.639.839.941.744.643 743.643.844.6
40.637.440.739.5
44.442.939.237.237.341.4
40.340.641.141.740.942.1
41.141.741.344.642.739.8
41.039.238.034.934.935.2
78.578.477.676.075 475.676.276.3
75.174.574 775.274.874.474.874.774.674.4
73.873.473.172.0
73.373.073.272.873.473.6
73.173.473.073.072.772.2
72.373.072.271.372.071.9
72.072.471.871.571.870.9
48.749.349.048.849 850.853.153.1
53 153.553.754.255.256.556 958.058.058.7
57.857.058.057.4
57.157.257.457.758.158.6
58.759.258.358.057.657.9
56.857.856.957.257.457.3
57.057.157.357.658.158.1
32.234.233.434.232 932.937.336.8
34.934.033.533.035.037.939.139.637.940.4
36.733.535.234.5
33.634.832.635.036.835.8
35.537.837.333.534.734.9
35.534.932.431.835.534.0
36.034.533.834.136.935.1
51.251.651.451.152 553.655.555.4
55 656.056.256.857.658.658.960.060.160.6
60.059.360.159.5
59.359.359.859.860.160.8
60.961.260.360.359.760.1
58.959.959.259.659.459.5
59.859.259.559.860.160.3
1 Civilian labor force as percent of civilian noninstitutional population in group specified.
Note.—Data relate to persons 16 years of age and over.
See footnote 6 and Note, Table B-33.
Source: Department of Labor, Bureau of Labor Statistics.
312Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-39.—Civilian employment/population ratio by demographic characteristic, 1954-93
[Percent;1 monthly data seasonally adjusted]
Year or month
19541955195619571958195919601961 ...19621963 ..196419651966196719681969197019711972
19721973 .19741975197619771978197919801981 . .1982198319841985198619871988198919901991199219931992:Jan
FebMarAprMayJuneJulyAugSeptOctNovDec
1993: JanFebMarAprMayJuneJulyAugSeptOctNovDec
Allcivil-ian
work-ers
55 556 757 557.155.456.056.155 455.555.455.756.256.957 357.558.057 456.657.0
57.057.857.856.156 857.959 359.959.259.057.857.959 560.160 761.562.363.062.761.661.461.661.461.361.461.661461.461.561461.461.361.361.461.361.461.461.461.761.661.661.861.661.861.962.0
White
Total
55 256.557 356855.355.955 955 355 455 355.556 056.857 257.458.057 556 857.4
57.458 258.356.757 558.660 060.660.060.058.858.960 561.061562.363.163.863.662.662.462.762.462.362.462.662 562.362.462 362.362.362.462.462.562.562.562.462.762.762.762.962.862.963.063.1
Males
Total
81582.282 781879.279.979 478 278.477 777.877.978.378.478.378.276 875776.0
76.076 575.973.073 474.175 075.173.472.870.670.472172.372 372.773.273.773 271.571.171.371.170.971.071.371271.071.271 171.171.171.071.271.271.271.271.271.371.371.271.471.371.471.671.5
16-19years
49 952.054152447 648.148145 946 444745.047150.150 250.351.149 649*251.5
51.554354.450.651554.456 355.753.451347.047.449 149.949 649.951.752.651047.246.346.647.445.744.446.645 945.146.046147.247.246.947.146.346.647.346.146.446.346.547.246.746.046.746.5
20yearsandover
84084785.084181.882.882.48148L581181381581781781.681.480.179079.0
79.079 278.675.776 076.577 277.375.675173.072.674 374.374 374.775.175.475 073.372.973.172.872.773.073.173 072.973.072 972.972.872.873.073.073.073.073.073.173.173.073.273.173.373.473.3
Females
Total
31.433̂ 034 234233.634.034.634 534735 035I536 237 538 338.940.140 339940.7
40.741842 442.043 244.546 347.547.848 348.148.549 850.751752.853.854.654 854.354.354.754.454.354.454.554 354.254.354 254.154.154.454.354.354.354.454.354.654.754.854.954.954.955.155.2
16-19years
36.437!(338 938235.034.835.134 634̂ 832 932233 737 537 737 839.539 538641.3
41.343 644 342.544 245.948 549447.946 244.644.547 047.147 949.050.250.548 546.144.345.844.944.944.644.144 842.743.944 744.244.143.744.745.045.044.345.446.045.246.245.946.346.347.246.9
20yearsandover
31132733 833933.534.034.534 534735 235 836 537 538 339140.140.440140.6
40.641642 241.943 144.446 147^347.848 548.448.950 051.052 053.154.054.955 254.854.955.355.054.955.155.155 055.055.054 854.854.855.154.954.954.955.154.955.255.355.455.555.455.455.655.8
Black and other or black
Total
Males
Total 16-19years
20yearsandover
Females
Total 16-19years
20yearsandover
Black and other
58 058759 559356.757.557.956 256 356 257.057 858.458 258.058.156 854954.1
76 577̂ 678 477272.573.874.171772 071872 973 774 073 873 372.870 968167.3
52 452752.248042.041.443.841041737 437̂ 839 440 538 838 739.035 531*832.4
79.280481380576.077.677.975 575.776 277778 779 279 478.978.476 874 273.2
41942̂ 243 043742 843.243 642 642 742 743 444145145045.245.944943 943.3
24 726428 026522 820.324 823 223.121321.820 223.124 824.725.122 420 219.9
43 743̂ 944 745545.045.745.844 844.945 246.147.348.247.948.248.948 247 346.7
Black
53 754 553 550.150 851.453 653.852.351.349.449.552 353.454 155.656.356.956 254.954.354.454.454.154.254.254 154.654.554.954.754.354.154.053.554.854.053.854.554.154.354.654.554.854.755.1
66 867 565.860.660 661.463 363.460.459156.056.359 260.060 662.062.762.861860.559.159.159.959.259.159.158 959.358.959159.258.959.258.659.060.158.758.359.358.959.659.758.959.158.659.1
31.632 831426.325 826.428 528727.024 620.320.423 926.326 528.529.430.427 623.823.623.628.125.624.721.521222.123.022 723.223.723.124.624.825.223.123.725.624.425.525.522.920.821.221.5
73.073 771.966.566 867.569 169.165.864.561.461.664164.665166.467.167.066164.963.363.263.663.163.163.563 363.763.063 363.362.963.462.663.064.162.862.263.262.963.563.763.163.663.063.5
43.043 843.541.642 843.345 846.045.745.144.244.146 748.148 850.351.252.051650.350.450.550.049.950.150.150150.750.951551.050.549.950.249.150.550.150.150.550.250.050.550.851.251.551.7
19.222 020.920.219 218.522122.421.019 717.717.020123.123 825.825.827.125.721.422.121.621.921.921.323.021823.321.725.121.919.721.622.021.821.519.418.021.718.823.523.522.922.922.222.8
46.547 246.944.946 447.049 349.349.148 547.547.449 850.951653.053.954.654 253.153.153.252.652.652.952.752 853.353.754.053.853.452.652.951.653.253.053.153.253.152.553.053.453.954.254.5
1 Civilian employment as percent of civilian noninstitutional population in group specified.
Note.—Data relate to persons 16 years of age and over.See footnote 6 and Note, Table B-33.
Source: Department of Labor, Bureau of Labor Statistics.
313Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-40.—Civilian unemployment rate, 1948-93
[Percent;1 monthly data seasonally adjusted]
Year or month
1948194919501951195219531954195519561957195819591960.19611962.19631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931992: Jan
FebMarAprMayJuneJulyAugSeptOctNovDec
1993: JanFebMar
May!"'.!"!!'JuneJulyAugSeptOctNovDec
Allcivilianworkers
3.85.95.33.33.0295.5444.1436.85.55.56.75.5575.2453.83.8363.5495.95.64.95.6857.7716.15.87.1769.79.67.57.27.06.25.55.3.5.5677.46.87.17.47.37.37.57.77.57.57.57.37.37.37.17.07.07.06.96.96.86.76.76.76.56.4
Males
Total
3.65.95.12.82.8285.3423.84 16.85.25.46.45.2524.640323.1292.8445.3504.24.9797.1635.35.16.9749.9997.47.06.96.25.55.25.6707.87.17.67.87.87.68.08.17.97.97.87.77.77.57.27.37.47.37.27.27.27.16.96.96.66.5
16-19
years
9.814.312.78.18.979
13.511611.112 417.115.315.317.114.717 215.814 111712.311611.415 016.615 913.915.620 119.217 315.815.918.320124.423 319.619.519.017.816.015.916.319.821.520.420.322.022.320.321.324.121.821.922.419.321.320.820.720.620.322.420.521.120.420.119.420.319.919.4
20yearsandover
325.44.72.52.4254.9383.4366!24.7475.74.6453.932252.3222.1354.4403.33.8685.9524.34.25.9638.8896.66.26.15.44.84.54.9637.06.46.97.17.07.07.37.37.17.17.07.16.96.86.56.66.76.56.56.56.56.46.36.25.95.8
Total
416.05.74.43.6336.04 94.8476!85.9597.26.2656.255485.2484.7596.9666.06.7938.6827.26.87.4799.4927.67.47.16.25.65.45.46.36.96.56.66.86.86.96.97.17.17.17.16.76.97.17.06.76.46.66.66.66.46.36.36.46.46.2
Females
16-19
years
8.312.311.48.38.072
11.410 211.210 6R 313.513 916.314.617 216.615 714 113.514 013.315 617.216 715.316.619 718.718 317.116.417.219 021.921318.017.617.615.914.414.014.717 418.517.417.317.818.017.618.521.119.717.919.117.219.318.018.418.518.517.919.117.616.216.516.417.316.516.1
20yearsandover
365.35.1403.2295.54.4424 16!l5.25 1635.4545.245384.2383.7485.754495.5807.4706.05.76.4688.3816.86.66.25.44.94.74.85.76.35.96.06.16.26.26.26.36.46.56.46.16.26.46.36.05.76.05.95.95.85.75.85.85.75.7
Bothsexes16-19years
9.213.412.2828.576
12!611.0n!i11 615!914.614 716 814.717 216.214 812 812.912 712.215 316.916 214 516.019 919.017 816.416.117.819 623.222 418.918.618.316.915.315.015.518.620.019.018.920.020.219.019.922.720.820.020.918.320.319.519.619.619.520.319.819.518.418.417.918.918.317.8
White
3.55.64.93.12.8275.0393.6386.14.8506.04.9504.6413.43.4323.1455.45.14.35.0787.0625.25.16.3678.6846.56.26.05.34.74.54.76.06.56.06.36.56.56.46.56.76.66.66.66.46.36.46.26.16.16.16.16.16.05.95.86.15.65.6
Blackand
other
5.98.99.05.35.4459.9878.379
12.610.710 212.410.910 89.6817.37.4676.4829.9
10.09.09.9
13 813.113 111.911.313.114.217.317.814.413.713.111.610.410.010.111.112.711.712.412.412.312.313.013.212.912.812.512.712.612.812.712.112.012.411.812.011.611.511.410.911.310.7
Black
..„„..„.
9.410.514 814.014 012.812.314.315 618.919 515.915.114.513.011.711.411.312.414.112.913.614.013.913.814.614.414.414.313.814.214.014.214.113.313.513.712.913.312.812.512.511.912.511.5
Experi-encedwageand
salaryworkers
4.36.86.03.73.4326.2484.4467.35.7576.85.6565.0433.53.6343.3485.75.34.55.3827.3665.65.56.9739.39.27.16.86.65.85.25.05.36.57.16.56.97.17.17.07.27.27.27.27.27.07.07.06.86.76.76.76.66.66.56.46.36.46.26.2
Marriedmen,
spousepresent2
3.54.61.51.4174.02623285.13.6374.63.6342.824191.8161.5263.2282.32.7514.2362.82.84.2436.56.54.64.34.43.93.33.03.44.45.04.44.85.14.84.95.15.25.25.25.25.14.94.84.54.64.74.54.54.44.54.44.24.44.03.9
Womenwho
main-tain
families
4.94.44.45.47.37.27.17.0
10 010.1948.58.39.2
10.411.712.210.310.49.89.28.18.18.29.19.99.59.09.49.9
10.09.9
10.010.210.79.49.3
10.510.210.410.19.09.69.89.79.69.09.09.39.0
10.2
1 Unemployed as percent of civilian labor force in group specified.2 Data for 1949 and 1951-54 are for April; 1950, for March.Note.—Data relate to persons 16 years of age and over.See footnote 6 and Note, Table B-33.
Source: Department of Labor, Bureau of Labor Statistics.
314Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-41.—Civilian unemployment rate by demographic characteristic, 1950-93
[Percent;l monthly data seasonally adjusted]
Year or month
Allcivil-ian
work-ers
White
Total
Males
Total 16-19years
20yearsandover
Females
Total 16-19years
20yearsandover
Black and other or black
Total
Males
Total 16-19years
20yearsandover
Females
Total 16-19years
20yearsandover
Black and other
19501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972
4.53.84.47.26.45.54.64.56.16.58.88.86.46.16.05.44.74.54.86.46.96.26.86.96.96.87.17.26.96.97.06.86.76.66.46.46.56.46.36.36.46.26.16.35.65.8
8.46.15.74.19.28.58.97.3
10.89.49.4
11.911.011.210.79.28.79.18.37.89.3
10.911.4
19721973197419751976197719781979198019811982198319841985....:198619871988198919901991199219931992: Jan...
Feb...Mar..Apr...May..June.
July..Aug..Sept.Oct..Nov..
Dec.
1993: Jan..Feb..Mar.
feJuneJuly.Aug.SeptOct..Nov.Dec.
5.64.95.68.57.77.16.15.87.17.69.79.67.57.27.06.25.55.35.56.77.46.87.17.47.37.37.57.77.57.57.57.37.37.37.17.07.07.06.96.96.86.76.76.76.56.4
5.14.35.07.87.06.25.25.16.36.78.68.46.56.26.05.34.74.54.76.06.56.06.36.56.56.46.56.7
6.66.66.66.46.36.46.26.16.16.16.16.16.05.95.86.15.65.6
13.411.310.511.515.714.014.015.713.715.914.712.910.510.710.110.013.715.114.2
14.212.313.518.317.315.013.513.916.217.921.720.216.816.516.315.513.913.714.217.518.417.617.219.020.617.218.620.818.618.519.515.717.617.517.917.817.118.517.218.417.717.716.817.917.716.9
3.63.03.56.25.44.73.73.65.35.67.87.95.75.45.34.84.13.94.35.76.35.66.26.36.26.36.56.56.36.36.36.36.16.05.85.85.95.75.75.75.85.65.55.75.05.2
10.49.19.79.5
12.712.012.714.812.815.114.914.012.111.512.111.513.415.114.2
14.213.014.517.416.415.914.414.014.816.619.018.315.214.814.913.412.311.512.615.215.714.615.015.415.715.014.718.716.515.115.714.816.815.215.015.315.514.516.314.013.414.014.316.013.313.4
4.94.35.17.56.86.25.25.05.65.97.36.95.85.75.44.64.14.04.14.95.45.15.25.35.45.45.25.45.75.65.65.55.25.65.45.25.15.25.15.35.15.05.05.35.14.9
10.38.87.98.3
13.711.510.712.810.910.58.97.46.36.05.65.37.39.18.9
14.413.415.018.426.825.224.026.822.027.324.323.321.323.922.121.425.028.829.7
9.98.47.47.6
12.710.59.6
11.710.09.27.76.04.94.33.93.75.67.36.9
Black
20.619.222.820.228.427.724.829.230.234.731.631.731.329.628.727.634.535.438.4
8.47.77.86.49.58.38.3
10.69.69.49.07.56.67.16.35.86.98.7
10.49.4
10.514.814.014.012.812.314.315.618.919.515.915.114.513.011.711.411.312.414.112.913.614.013.913.814.614.414.414.313.814.214.014.214.113.313.513.712.913.312.812.512.511.912.511.5
9.38.09.8
14.813.713.311.811.414.515.720.120.316.415.314.812.711.711.511.812.915.213.814.815.315.214.515.515.515.515.515.115.614.715.214.613.914.915.014.014.113.413.413.712.613.812.1
31.727.833.138.137.539.236.734.237.540.748.948.842.741.039.334.432.731.932.136.542.040.136.740.437.142.343.146.642.944.043.643.043.541.539.739.544.146.840.238.837.934.939.740.639.238.8
7.06.07.4
12.511.410.79.39.3
12.413.517.818.114.313.212.911.110.110.010.411.513.412.113.213.513.812.813.813.413.713.713.313.812.813.412.912.213.012.712.212.611.812.012.111.012.310.5
11.811.111.314.814.314.913.813.314.015.617.618.615.414.914.213.211.711.410.811.913.012.012.512.812.713.113.713.413.313.112.512.813.313.213.712.612.112.411.912.412.311.611.411.111.311.0
40.536.137.441.041.643.440.839.139.842.247.148.242.639.239.234.932.033.030.036.137.237.534.937.134.634.440.934.938.933.541.441.137.737.038.538.440.143.238.744.834.732.032.332.839.735.2
9.08.68.8
12.211.712.311.210.911.913.415.416.513.513.112.411.610.49.89.6
10.511.710.611.311.411.511.912.112.211.911.910.811.311.911.912.311.210.610.910.410.711.010.510.210.09.79.7
1 Unemployed as percent of civilian labor force in group specified.
Note.-See Note, Table B-40.
Source: Department of Labor, Bureau of Labor Statistics.
315Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-42.—Unemployment by duration and reason, 1950-93
[Thousands of persons, except as noted; monthly data seasonally adjusted1]
Year or monthUnem-ploy-ment
Duration of unemployment
Lessthan
5weeks
5-14weeks
15-26weeks
27weeks
andover
Average(mean)dura-tion
(weeks)
Mediandura-tion
(weeks)
Reason for unemployment
Job losers
TotalOn
layoffOther
Jobleav-ers
Reen-trants
Newen-
trants
19501951195219531954195519561957195819591960196119621963196419651966.196719681969197019711972197319741975197619771978197919801981...1982198319841985198619871988198919901991199219931992: Jan...
FebMar....AprMay....June...July ....AugSeptOctNovDec
1993:JanFebMar
May"!JuneJulyAugSeptOctNovDec
3,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,27310,67810,7178,5398,3128,2377,4256,7016,5286,8748,4269,3848,7349,0199,2909,2909,2479,5029,7719,5959,5909,5349,2109,3139,3149,0468,9588,8788,9548,8958,8698,7328,6428,5408,6398,3308,237
1,4501,1771,1351,1421,6051,3351,4121,4081,7531,5851,7191,8061,6631,7511,6971,6281,5731,6341,5941,6292,1392,2452,2422,2242,6042,9402,8442,9192,8652,9503,2953,4493,8833,5703,3503,4983,4483,2463,0843,1743,1693,3803,2703,1603,3263,1013,3283,2323,2973,4753,3453,3413,3253,1943,1823,0403,2623,2323,1483,3093,2423,2323,2233,0463,0523,1562,9463,063
1,055574516482
1,116815805891
1,3961,1141,1761,3761,1341,2311,117983779893810827
1,2901,5851,4721,3141,5972,4842,1962,1321,9231,9462,4702,5393,3112,9372,4512,5092,5572,1962,0071,9782,2012,7242,7602,5222,7522,9392,7072,7412,7052,7602,7622,7742,8252,6052,7992,6742,5432,5492,5832,5372,5262,7582,5432,6082,4572,4912,4012,247
425166148132495366301321785469503728534535491404287271256242428668601483574
1,3031,018913766706
1,0521,1221,7081,6521,1041,0251,045943801730809
1,2251,4241,2741,4241,4891,4241,3221,4071,5121,4461,4721,3531,3841,3991,5381,3721,2841,2751,3111,2701,2571,2581,2591,2971,2841,2161,150
3571378478
317336232239667571454804585553482351239177156133235519566343381
1,2031,3481,028648535820
1,1621,7762,5591,6341,2801,1871,040809646695
1,0981,9301,7781,6001,7051,7841,7841,9792,1422,1042,0432,0832,0631,9252,0041,9211,8901,8351,6751,7761,7681,7491,7411,7501,7461,7551,714
12.19.78.48.011.813.011.310.513.914.412.815.614.714.013.311.810.48.78.47.88.611.312.010.09.814.215.814.311.910.811.913.715.620.018.215.615.014.513.511.912.113.817.918.116.216.817.217.518.118.418.318.218.319.118.119.018.518.217.717.717.817.817.918.318.418.418.918.2
2.34.54.44.96.36.25.25.28.48.27.05.95.46.56.98.710.17.96.86.96.55.94.85.46.98.88.48.28.38.28.69.08.88.78.99.19.29.09.38.68.48.48.58.38.38.38.48.98.38.58.2
1,2291,0701,0171,8112,3232,1081,6942,2424,3863,6793,1662,5852,6353,9474,2676,2686,2584,4214,1394,0333,5663,0922,9833,3224,6085,2914,7694,9485,3575,3045,2545,4945,5285,3755,3165,3595,3745,1835,0764,9344,7994,8564,8624,7524,8454,8724,8644,6994,7794,4444,442
394334339675735582472746
1,6711,050865712851
1,4881,4302,1271,7801,1711,1571,090943851850
1,0181,2791,2461,1041,2571,2951,2491,2561,2011,3021,2621,2041,3391,2181,1711,1801,0721,0811,0961,0681,1441,1311,1831,1901,1121,216963
1,060
836736678
1,1371,5881,5261,2211,4952,7142,6282,3001,8731,7842,4592,8374,1414,4783,2502,9822,9432,6232,2412,1332,3053,3294,0453,6643,6914,0624,0553,9984,2934,2264,1134,1124,0204,1564,0123,8963,8623,7183,7603,7943,6083,7143,6893,6743,5873,5633,4813,382
438431436550590641683768827903909874880891923840830823877
1,015965983
1,0241,014979975946985908914998987
1,0111,0151,070972894970978834
1,0201,061990960940915882926957960932
945909965
1,2281,4721,4561,3401,4631,8921,9281,9631,8571,8061,9272,1022,3842,4122,1842,2562,1601,9741,8091,8431,8832,0872,2282,1452,2732,1582,2122,1482,1462,2512,2882,2672,2972,2202,2052,2702,2952,2812,0592,1872,2372,2012,1172,0812,0752,0842,0842,018
396407413504630677649681823895953885817872981
1,1851,2161,1101,0391,029920816677654753890874799849824836848
1,028972947943765933939950899922920890894
870834843839833797
1 Because of independent seasonal adjustment of the various series, detail will not add to totals.2 Data for 1967 by reason for unemployment are not strictly comparable with those for later years and the total by reason is not
equal to total unemployment.
Note.—Data relate to persons 16 years of age and over.See footnote 6 and Note, Table B-33.
Source: Department of Labor, Bureau of Labor Statistics.
316Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-43.—Unemployment insurance programs, selected data, 1962-93
Year or month
All programs
Coveredemploy-ment1
Insuredunemploy-
ment(weekly
aver-age) ^ 3
Totalbenefits
paid(millions
ofdollars)2 4
State programs
Insuredunem-
ployment
Initialclaims
Exhaus-t ions5
Insuredunemploy-ment aspercent
ofcoveredemploy-
ment
Benefits paid
Total(millions
ofdollars)4
Averageweeklycheck
(dollars)6
19621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983198419851986198719881989
1990199119921993 "...
1992-. JanFebMar....AprMay....June...
July....Aug....Sept..OctNovDec
1993: JanFeb....Mar...Apr....May...June..
July ...Aug...Sept..Oct....Nov....Dec ".
Thousands Weekly average; thousands
47,77648,43449,63751,58054,73956,34257,97759,99959,52659,37566,45869,89772,45171,03773,45976,41988,80492,06292,65993,30091,62891,89896,47499,186101,099103,933107,157109,926111,498109,613
1110,167
1,94671,9731,7531,4501,1291,2701,1871,1772,0702,6082,1921,7932,5584,9373,8463,3082,6452,5923,8373,4104,5923,7742,5602,6992,7392,3692,1352,2052,5753,4063,3482,845
4,2114,2144,1163,6393,2023,1483,1243,1202,8202,5422,6763,0713,4003,3553,4052,9392,6042,8122,6602,7252,4262,3302,5692,798
3,145.13,025.92,749.22,360.41,890.92,221.52,191.02,298.64,209.36,154.05,491.14,517.36,933.9
16,802.412,344.810,998.99,006.99,401.3
16,175.415,287.123,774.820,206.213,109.615,056.316,292.514,501.013,694.414,957.018,744.626,716.7
9 26,487.59 22,548.3
2,807.82,555.72,750.12,477.12,086.02,058.42,129.51,978.01,861.01,682.61,681.02,131.22,162.72,109.82,456.42,034.91,696.81,882.91,750.11,814.31,616.91,472.61,709.72,014.5
1,78371,8061,6051,3281,0611,2051,1111,1011,8052,1501,8481,6322,2623,9862,9912,6552,3592,4343,3503,0474,0593,3952,4752,6172,6432,3002,0812,1582,5223,3423,2452,751
3,3503,3263,3373,3403,3143,2793,3043,1783,1683,0352,93?2,7832,7152,6402,7012,7642,7702,8132,8322,7962,8102,8062,7802,710
3027 298268232203226201200296295261247363478386375346388488460583438377397378328310330388447408340
448452440413408414433387402365359341353343362347341343352327328344339328
4.44.33.83.02.32.52.22.13.44.13.52.73.56.04.63.93.32.93.93.54.63.92.82.92.82.42.02.12.43.23.12.6
3.23.13.23.23.23.13.23.03.02.92.82.72.62.52.62.62.62.72.72.72.72.72.62.6
2,675.42,774.72,522.12,166.01,771.32,092.32,031.62,127.93,848.54,957.04,471.04,007.65,974.9
11,754.78,974.58,357.27,717.28,612.9
13,761.113,262.120,649.517,762.812,594.714,130.815,329.313,606.812,564.713,760.317,356.024,525.723,893.520,186.1
2,723.82,476.22,664.12,397.91,946.01,983.22,049.01,899.51,778.11,601.01,598.72,035.32,075.52,024.32,361.51,958.01,631.51,811.01,684.31,746.31,552.21,402.31,609.11,904.6
34.5635.2735.9237.1939.7541.2543.4346.1750.3454.0256.7659.0064.2570.2375.1678.7983.6789.6798.95
106.70119.34123.59123.47128.14135.65140.55144.97151.73161.56169.88173.64179.61
171.65173.39173.87173.88173.70173.22171.51173.95174.09174.86175.55175.49177.36179.47180.70180.50180.52179.88178.29179.71179.61180.45180.07179.17
**Monthly data are seasonally adjusted.1 Includes persons under the State, UCFE (Federal employee, effective January 1955), and RRB (Railroad Retirement Board) programs.
Beginning October 1958, also includes the UCX program (unemployment compensation for ex-servicemembers).2 Includes State, UCFE, RR, UCX, UCV (unemployment compensation for veterans, October 1952-January 1960), and SRA
(Servicemen's Readjustment Act, September 1944-September 1951) programs. Also includes Federal and State extended benefitprograms. Does not include FSB (Federal supplemental benefits), SUA (special unemployment assistance), Federal SupplementalCompensation, and Emergency Unemployment Compensation programs, except as noted in footnote 9.
3 Covered workers who have completed at least 1 week of unemployment.4 Annual data are net amounts and monthly data are gross amounts.5 Individuals receiving final payments in benefit year.6 For total unemployment only.7 Programs include Puerto Rican sugarcane workers for initial claims and insured unemployment beginning July 1963.8 Latest data available for all programs combined. Workers covered by State programs account for about 97 percent of wage and
salary earners.9 Including Emergency Unemployment Compensation and Federal Supplemental Compensation, total benefits paid for 1992 and 1993
would be (in millions of dollars): for 1992, 40,275.2 and, for 1993, p34,484.8.
Source: Department of Labor, Employment and Training Administration.
317
1 5 1 - 4 4 4 0 - 9 4 - 1 1Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-44.—Employees on nonagricultural payrolls, by major industry, 1946-93
[Thousands of persons; monthly data seasonally adjusted]
Year or month
194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993"1992 Jan
FebMarAprMayJuneJulyAugSeptOctNovDec
1993 JanFebMarAprMayJuneJulyAugSeptOct .Nov pDec"
Total
4165243^85744,86643,75445,19747,81948,79350,20248,99050,64152,36952,85351,32453,26854,18953,99955,54956,65358,28360,76563,90165,80367,89770,38470,88071,21473,67576,79078,26576,94579,38282,47186,69789,82390,40691,15289,54490,15294,40897,38799,344101,958105,210107,895109,419108,256108,519110,171108,051108,045108,164108,347108,470108,454108,605108,615108,674108,789108,921109,079109,235109,539109,565109,820110,058110,101110,338110,305110,502110,664110,866111,049
Total
17 24818]50918,77417,56518,50619,95920,19821,07419,75120,51321,10420,96419,51320,41120,43419,85720,45120,64021,00521,92623,15823,30823,73724,36123,57822,93523,66824,89324,79422,60023,35224,34625,58526,46125,65825,49723,81223,33024,71824,84224,53324,67425,12525,25424,90523,74523,14222,97423,31023,26623,26723,25123,23723,17223,16023,07323,01222,99522,99522,98523,00123,06923,01622,98023,00622,94122,94822,90322,88622,93422,99223,002
Mining
862955994930901929898866791792822828751732712672650635634632627613606619623609628642697752779813851958
1,0271,1391,128952966927111111713692709689631599653649645642637630628623616618616613611600600600602596595592596596594603
Soods-producing industries
Construc-tion
1 6832^0092,1982,1942,3642,6372,6682,6592,6462,8393,0392,9622,8173,0042,9262,8592,9483,0103,0973,2323,3173,2483,3503,5753,5883,7043,8894,0974,0203,5253,5763,8514,2294,4634,3464,1883,9043,9464,3804,6684,8104,9585,0985,1715,1204,6504,4714,5734,5064,4684,4854,4854,4914,4694,4594,4594,4474,4664,4624,4594,4544,5154,4814,5174,5774,5744,5934,5934,5924,6294,6634,662
Manufacturing
Total
14 70315^54515,58214,44115,24116,39316,63217,54916,31416,88217,24317,17415,94516,67516,79616,32616,85316,99517,27418,06219,21419,44719,78120,16719,36718,62319,15120,15420,07718,32318,99719,68220,50521,04020,28520,17018,78018,43219,37219,24818,94718,99919,31419,39119,07618,40618,04017,80218,15118,14918,13718,12418,10918,07318,07317,99117,94917,91117,91717,91317,93617,95417,93517,86317,82717,77117,76017,71817,69817,70917,73517,737
Durablegoods
7 7858,'3588,2987,4628,0669,0599,32010,0809,1019,5119,8029,8258,8019,3429,4299,0419,4509,5869,78510,37411,25011,40811,59411,86211,17610,60411,02211,86311,89710,66211,05111,57012,24512,73012,15912,08211,01410,70711,47611,45811,19511,15411,36311,39411,10910,56910,23710,04710,32810,33610,32410,30410,28610,26010,23610,19210,16410,13510,14210,13610,15210,16310,14410,09010,04710,0119,9969,9749,9749,98810,01310,027
Nondura-ble goods
6 9187,1877,2856,9797,1757,3347,3137,4687,2137,3707,4427,3517,1447,3337,3677,2857,4037,4107,4897,6887,9638,0398,1878,3048,1908,0198,1298,2918,1817,6617,9468,1128,2598,3108,1278,0897,7667,7257,8967,7907,7527,8457,9517,9977,9687,8377,8047,7557,8237,8137,8137,8207,8237,8137,8377,7997,7857,7767,7757,7777,7847,7917,7917,7737,7807,7607,7647,7447,7247,7217,7227,710
Note.—Data in Tables B-44 and B-45 are based on reports from employing establishments and relate to full- and part-time wage andsalary workers in nonagricultural establishments who received pay for any part of the pay period which includes the 12th of the month.Not comparable with labor force data (Tables B-33 through B-42), which include proprietors, self-employed persons, domestic servants,
See next page for continuation of table.
318Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-44.—Employees on nonagricultural payrolls, by major industry, 1946-93—Continued
[Thousands of persons; monthly data seasonally adjusted]
Year or month
Service-producing industries
TotalTranspor-tation andpublicutilities
Wholesaletrade
Retailtrade
Finance,insurance,and realestate
Services
Government
Total Federal State andlocal
194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993 P.1992: Jan
FebMar..AprMay..June.July..Aug..Sept.OctNov..Dec..
1993:JanFebMar..AprMay.JuneJuly.Aug.SeptOct..NovDec
24,40425,34826,09226,18926,69127,86028,59529,12829,23930,12831,26631,88931,81132,85733,75534,14235,09836,01337,27838,83940,74342,49544,16046,02347,30248,27850,00751,89753,47154,34556,03058,12561,11363,36364,74865,65565,73266,82169,69072,54474,81177,28480,08682,64284,51484,51185,37787,19784,74184,77984,89785,09685,23385,28285,44585,54285,66285,79485,92686,09486,23486,47086,54986,84087,05287,16087,39087,40287,61687,73087,87488,047
4,0614,1664,1894,0014,0344,2264,2484,2904,0844,1414,2444,2413,9764,0114,0043,9033,9063,9033,9514,0364,1584,2684,3184,4424,5154,4764,5414,6564,7254,5424,5824,7134,9235,1365,1465,1655,0814,9525,1565,2335,2475,3625,5145,6255,7935,7625,7095,7105,7175,7195,7165,7135,7115,7115,7075,7015,7045,6995,6995,7075,7195,7255,7245,7205,7195,7115,7095,6905,6925,6935,7035,716
2,2982,4782,6122,6102,6432,7352,8212,8622,8752,9343,0273,0372,9893,0923,1533,1423,2073,2583,3473,4773,6083,7003,7913,9194,0064,0144,1274,2914,4474,4304,5624,7234,9855,2215,2925,3755,2955,2835,5685,7275,7615,8486,0306,187
6,1736,0816,0456,1146,0446,0406,0426,0416,0456,0426,0376,0376,0376,0526,0616,0626,0866,0976,1036,1106,1256,1106,1266,1076,1176,1226,1286,138
6,0776,4776,6596,6546,7437,0077,1847,3857,3607,6017,8317,8487,7618,0358,2388,1958,3598,5208,8129,2399,6379,90610,30810,78511,03411,33811,82212,31512,53912,63013,19313,79214,55614,97215,01815,17115,15815,58716,51217,31517,88018,42219,02319,47519,60119,28419,34619,73419,22919,25819,26819,32519,35719,34419,36019,35919,38019,40219,40519,46019,52319,62919,60419,64819,70219,75119,79019,79519,83619,84619,83319,865
1,6751,7281,8001,8281,8881,9562,0352,1112,2002,2982,3892,4382,4812,5492,6282,6882,7542,8302,9112,9773,0583,1853,3373,5123,6453,7723,9084,0464,1484,1654,2714,4674,7244,9755,1605,2985,3405,4665,6845,9486,2736,5336,6306,6686,7096,6466,5716,6056,5806,5816,5766,5776,5776,5696,5596,5586,5656,5706,5696,5756,5786,5776,5746,5856,5886,5906,6046,6026,6166,6326,6546,668
4,6975,0255,1815,2395,3565,5475,6995,8355,9696,2406,4976,7086,7657,0877,3787,6197,9828,2778,6609,0369,49810,04510,56711,16911,54811,79712,27612,85713,44113,89214,55115,30216,25217,11217,89018,61519,02119,66420,74621,92722,95724,11025,50426,90727,93428,33629,05330,19328,64528,64328,71528,83328,92528,99629,11129,17829,24729,36129,43029,524
29,57329,66529,75629,97730,09930,17530,32030,38130,43330,53430,65130,719
5,5955,4745,6505,8566,0266,3896,6096,6456,7516,9147,2787,6167,8398,0838,3538,5948,8909,2259,59610,07410,78411,39111,83912,19512,55412,88113,33413,73214,17014,68614,87115,12715,67215,94716,24116,03115,83715,86916,02416,39416,69317,01017,38617,77918,30418,40218,65318,84118,52618,53818,58018,60718,61818,62018,67118,70918,72918,71018,76218,76618,75518,77718,78818,80018,81918,82318,84118,82718,92218,90318,90518,941
2,2541,8921,8631,9081,9282,3022,4202,3052,1882,1872,2092,2172,1912,2332,2702,2792,3402,3582,3482,3782,5642,7192,7372,7582,7312,6962,6842,6632,7242,7482,7332,7272,7532,7732,8662,7722,7392,7742,8072,8752,8992,9432,9712,9883,0852,9662,9692,9142,9822,9822,9862,9822,9802,9732,9622,9612,9662,9452,9432,9682,9452,9442,9382,9232,9122,9012,8962,9062,9012,9012,8932,902
3,3413,5823,7873,9484,0984,0874,1884,3404,5634,7275,0695,3995,6485,8506,0836,3156,5506,8687,2487,6968,2208,6729,1029,4379,82310,18510,64911,06811,44611,93712,13812,39912,91913,17413,37513,25913,09813,09613,21613,51913,79414,06714,41514,79115,21915,43615,68315,92715,54415,55615,59415,62515,63815,64715,70915,74815,76315,76515,81915,79815,81015,83315,85015,87715,90715,92215,94515,92116,02116,00216,01216,039
Note (cont'd).—which count persons as employed when they are not at work because of industrial disputes, bad weather, etc., evenif they are not paid for the time off; and which are based on a sample of the working-age population. For description and details of thevarious establishment data, see "Employment and Earnings."
Source-. Department of Labor, Bureau of Labor Statistics.
319Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-45.—Hours and earnings in private nonagricultural industries, 1959-931
[Monthly data seasonally adjusted, except as noted]
Year or month
Average weekly hours
Totalprivate
39.038.638.638.738.838.738.838.638.037.837.737.136.937.036.936.536.136.136.035.835.735.335.234.835.035.234.934.834.834.734.634.534.334.434.534.234.534.534.334.534.334.334.634.234.434.634.334.534.434.234.434.734.434.534.734.334.534.634.6
Manufacturing
Tntal1OI3I
40.339.739.840.440.540.741.241.440.640.740.639.839.940.540.740.039.540.140.340.440.239.739.838.940.140.740.540.741.041.141.040.840.741.041.440.841.041.141.141.241.141.141.141.041.141.241.241.441.441.241.541.441.241.441.441.541.641.741.7
Over-time
2.72.52.42.82.83.13.63.93.43.63.63.02.93.53.83.32.63.13.53.63.32.82.82.33.03.43.33.43.73.93.83.63.63.84.13.63.73.83.84.03.83.83.83.63.83.93.94.04.24.04.24.14.04.04.14.14.34.44.4
Average hourly earnings
Total private
Currentdollars
$2.022.092.142.222.282.362.462.562.682.853.043.233.453.703.944.244.534.865.255.696.166.667.257.688.028.328.578.768.989.289.66
10.0110.3210.5810.8310.4510.4910.5210.5110.5410.5610.5710.6310.6210.6510.6910.6810.7310.7410.7810.7710.8210.8110.8110.8610.8610.9210.9310.95
1QOOIDOL.
ftf.1
QOI-
lars2
$6.696.796.887.077.177.337.527.627.727.897.988.038.218.538.558.288.128.248.368.408.177.787.697.687.797.807.777.817.737.697.647.527.457.427.397.437.447.437.417.427.427.407.437.417.407.417.407.407.387.397.367.397.387.377.397.397.407.407.40
Manu-facturing(currentdollars)
$2.192.262.322.392.452.532.612.712.823.013.193.353.573.824.094.424.835.225.686.176.707.277.998.498.839.199.549.739.91
10.1910.4810.8311.1811.4611.7611.2911.3511.3911.4211.4411.4511.4611.5011.5111.5211.5511.5811.6111.6411.6611.7111.7111.7211.7211.7711.8411.8311.8811.94
Average weekly earnings, total private
Level
Currentdollars
$78.7880.6782.6085.9188.4691.3395.4598.82
101.84107.73114.61119.83127.31136.90145.39154.76163.53175.45189.00203.70219.91235.10255.20267.26280.70292.86299.09304.85312.50322.02334.24345.35353.98363.95373.64357.39361.91362.94360.49363.63362.21362.55367.80363.20366.36369.87366.32370.19369.46368.68370.49375.45371.86372.95376.84372.50376.74378.18378.87
1982dollars2
$260.86261.92265.59273.60278.18283.63291.90294.11293.49298.42300.81298.08303.12315.44315.38302.27293.06297.37300.96300.89291.66274.65270.63267.26272.52274.73271.16271.94269.16266.79264.22259.47255.40255.22254.87254.01256.67256.49254.05255.90254.36253.89257.02253.45254.59256.50253.68255.30253.92252.87253.24256.28253.83254.40256.53253.57255.24255.87255.99
Percentfrnm
changeirom ycaiearlier3
Cur-rentdol-lars
4.92.42.44.03.03.24.53.53.15.86.44.66.27.56.26.45.77.37.77.88.06.98.54.75.04.32.11.92.53.03.83.32.52.82.72.83.83.72.73.21.62.53.11.12.53.31.93.42.22.02.83.42.62.92.83.03.02.23.1
1QQOL)iocdol-
lars2
4.2.4
1.43.01.72.02.9.8
- .21.7.8
-.91.74.1
- .0- 4 . 2- 3 . 0
1.51.2
- .0- 3 . 1- 5 . 8- 1 . 5- 1 . 2
2.0.8
- 1 . 3.3
- 1 . 0- .9
- 1 . 0- 1 . 8- 1 . 6
.1- .1
.41.0.7
- .2.4
- 1 . 3- .5
.0- 1 . 8- .6
.3- 1 . 0
.2- .9
- 1 . 0- .3
.2- .2
.2
.1
.5
.4- .3
.6
19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993 "1992:Jan
FebMarAprMayJune
JulyAugSeptOctNovDec
1993:JanFebMarAprMay....June
JulyAugSept....OctNov "..Dec "..
1 For production or nonsupervisory workers; total includes private industry groups shown in Table B-44.2 Current dollars divided by the consumer price index for urban wage earners and clerical workers on a 1982 = 100 base.3 Percent changes are based on data that are not seasonally adjusted.
Note.—See Note, Table B-44.
Source: Department of Labor, Bureau of Labor Statistics.
320Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-46.—Employment cost index, private industry, 1979-93
Year and month
Total private
Totalcom-pen-
sation
Wagesand
sala-ries
Bene-f i t s 1
Goods-producing
Totalcom-pen-
sation
Wagesandsala-
Bene-f i t s 1
Service-producing
Totalcom-pen-
sation
Wagesand
sala-ries
fits"61"
Manufacturing
Totalcom-pen-
sation
Wagesandsala-ries
Bene-f i t s 1
Nonmanufacturing
Totalcom-pen-
sation
Wagesand
sala- f i t s 1
Index, June 1 9 8 9 = 1 0 0 ; not seasonally adjusted
December:197919801981198219831984198519861987198819891990199119921993
1992: MarJuneSeptDec
1993: MarJuneSeptDec
59.164.871.275.880.184.087.390.193.197.6
102.3107.0111.7115.6119.8
113.1113.9114.8115.6117.1118.0119.1119.8
61.567.173.077.681.484.888.391.194.198.0
102.0106.1110.0112.9116.4
110.9111.6112.2112.9113.9114.6115.7116.4
53.259.466.671.476.781.784.687.590.596.7
102.6109.4116.2122.2128.3
118.6119.7121.2122.2125.2126.7127.7128.3
60.766.773.377.881.685.488.291.093.897.9
102.1107.0111.9116.1120.6
113.5114.3115.3116.1118.0119.1119.9120.6
63.769.775.780.083.286.489.492.395.298.2
102.0105.8109.7112.8116.1
110.7111.4112.1112.8113.8114.5115.3116.1
54.660.568.273.278.383.285.788.390.997.3
102.6109.9116.7123.4130.3
119.7120.6122.3123.4127.3129.0130.0130.3
57.763.369.574.178.982.986.689.392.697.3
102.3107.0111.6115.2119.3
112.8113.6114.4115.2116.4117.3118.5119.3
60.065.371.175.980.283.787.790.393.497.8
102.2106.3110.2113.0116.6
111.1111.7112.3113.0113.9114.7115.9116.6
51.958.465.169.675.280.483.686.890.296.1
102.6109.0115.7121.2126.7
117.7118.8120.4121.2123.4124.6125.7126.7
60.166.072.576.980.885.087.890.793.497.6
102.0107.2112.2116.5121.3
114.0114.7115.7116.5118.6119.7120.6121.3
63.068.974.979.182.586.189.292.195.298.1
101.9106.2110.3113.7117.3
111.5112.2112.9113.7114.7115.5116.3117.3
54.259.967.572.477.582.785.087.589.896.6
102.3109.5116.1122.6130.0
119.3120.1121.5122.6126.8128.6129.7130.0
58.564.270.475.179.683.487.089.792.997.5
102.3106.9111.5115.1119.0
112.7113.5114.4115.1116.3117.2118.4119.0
60.866.272.176.881.084.288.090.693.797.8
102.2106.1109.8112.6116.0
110.7111.3111.9112.6113.4114.2115.4116.0
Index, June 1989=100; seasonally adjusted
1992: MarJuneSeptDec
1993: MarJunesept :::::Dec
112.9113.8114.7115.7116.8117.9118.9119.9
110.9111.6112.1113.0113.9114.6115.6116.5
118.2119.5121.3122.9124.7126.4127.7129.1
113.3114.1115.2116.3117.7118.8119.8120.7
110.7111.4112.1112.8113.8114.5115.3116.1
119.1120.4122.3124.3126.7128.7130.0131.3
112.7113.5114.3115.3116.2117.2118.3119.4
111.1111.7112.1113.1113.9114.7115.8116.7
117.4118.7120.4121.7123.1124.5125.7127.2
113.7114.7115.7116.9118.3119.6120.6121.7
111.5112.2112.9113.7114.7115.5116.3117.3
118.6119.8121.5123.7126.0128.3129.7131.1
112.6113.5114.3115.3116.2117.2118.3119.2
110.7111.3111.8112.7113.4114.2115.3116.1
Percent change from 12 months earlier, not seasonally adjusted
December:19801981198219831984198519861987198819891990199119921993
1992: MarJuneSeptDec
1993: MarJuneSeptDec
1992: MarJuneSeptDec
1993: MarJuneSeptDec
9.69.96.55.74.93.93.23.34.84.84.64.43.53.6
4.23.73.43.53.53.63.73.6
Percent change from 3 months earlier, seasonally adjusted
0.9
52.559.166.170.676.281.184.487.591.096.8
102.8109.3116.2122.0127.4
118.2119.4121.0122.0124.2125.5126.5127.4
117.9119.2121.0122.5123.9125.3126.5127.9
9.18.86.34.94.24.13.23.34.14.14.03.72.63.13.43.02.72.62.72.73.13.1
11.712.17.27.46.53.53.43.46.96.16.66.25.25.06.35.55.25.25.65.85.45.0
9.99.96.14.94.73.33.23.14.44.34.84.63.83.94.64.13.93.84.04.24.03.9
9.48.65.74.03.83.53.23.13.23.93.73.72.82.93.53.13.12.82.82.82.92.9
10.812.77.37.06.33.03.02.97.05.47.16.25.75.67.05.95.65.76.37.06.35.6
9.79.86.66.55.14.53.13.75.15.14.64.33.23.64.03.53.13.23.23.33.63.6
8.88.96.85.74.44.83.03.44.74.54.03.72.53.23.32.82.42.52.52.73.23.2
12.511.56.98.06.94.03.83.96.56.86.26.14.84.55.75.15.14.84.84.94.44.5
9.89.86.15.15.23.33.33.04.54.55.14.73.84.15.04.34.03.84.04.44.24.1
9.48.75.64.34.43.63.33.43.03.94.23.93.13.23.83.53.33.12.92.93.03.2
10.512.77.37.06.72.82.92.67.65.97.06.05.66.07.36.05.45.66.37.16.76.0
9.79.76.76.04.84.33.13.65.04.94.54.33.23.43.93.53.23.23.23.33.53.4
8.98.96.55.54.04.53.03.44.44.53.83.52.63.03.22.72.42.62.42.63.13.0
12.611.8
6.87.96.44.13.74.06.46.26.36.35.04.4
5.65.25.15.05.15.14.54.4
0.7.6.4.8.8.6.9.8
1.21.11.51.31.51.41.01.1
1.1.7
1.01.01.2.9.8.8
0.9.6.6.6.9.6.7.7
1.41.11.61.61.91.61.01.0
0.8.7.7.9.8.9.9.9
0.7.5.4.9.7.7
1.0.8
1.11.11.41.11.21.11.01.2
1.1.9.9
1.01.21.1.8.9
1.1.6.6.7.9.7.7.9
1.31.01.41.81.91.81.11.1
0.8.8.7.9.8.9.9.8
0.7.5.4.8.6.7
1.0.7
1.01.11.51.21.11.11.01.1
1 Employer costs for employee benefits.
Note.—The employment cost index is a measure of the change in the cost of labor, free from the influence of employment shiftsamong occupations and industries.
Data exclude farm and household workers.
Through December 1981, percent changes are based on unrounded data; thereafter changes are based on indexes as published.
Source: Department of Labor, Bureau of Labor Statistics.
321Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-47.—Productivity and related data, business sector, 1947-93
[1982=100; quarterly data seasonally adjusted]
Year nrTear Of
quarter
1947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV1990: IV
1991:1IIIllIV
1992:1IIIllIV
1993:1IIIll
Output per hourof all persons
Busi-ness
sector
43 445.346.049.951753.655.356.758.659.361.063.064.665.668.170.573 376.578 680.782.885.385.887.089.892.795.093.295.598 399.9
100.599.498.699.9
100.0102.3104.8106.3108.5109.6110.7109.9110.7111.8115.5
101.1103.1105.4107.0108.3110.6110.9109.7110.5
110.9111.6111.8112.8
114.1114.8116.0117.1
116.6116.6117.6
Nonfarmbusinesssector
50 652.353.456.858 259.860.762.264.364.565.867.669.269.972.274.577180.081883.485.287.787.788.591.394.296.494.596.799.2
100.7101.499.999.999.9
100 0102.5104.7105.6107.7108.6109.6108.6109.1110.3113.7
101.1103.3105.3106.0107.4109.5110.0108.5108.9
109.4110.2110.4111.3
112.4113.1114.1115.3
114.8114.7115.9
Output1
Busi-ness
sector
34135.935.338.641142.644.444.047.148.449.048.251.452.253.356.158 762.265 969.370.874.076.275.878.083.088.286.685.089.994.9
100.1102.1100.5102.4100.0104.1112.6116.7119.9124.8130.1132.3133.3131.6135.4
100.0107.5114.4118.0120.6127.4131.7132.3132.1
131.0131.5131.5132.4
133.3134.5136.0137.9
138.0139.3140.5
Nonfarmbusinesssector
33 535.234.637.940 542.143.843.346.547.948.647.851.051.852.955.758 361.965 769.370.874.076.275.777.983.088.486.784.990 095.0
100.5102.5100.8102.4100.0104.4113.0116.8120.1125.0130.6132.7133.5131.8135.4
100.0108.1114.8118.2120.8127.6132.5132.7132.2
131.2131.7131.8132.6
133.3134.4135.9137.9
138.1139.5141.0
Hours of allpersons2
Busi-ness
sector
78 779.376.677.479 679.680 377.680.481680.376.679.679.778.379.680 081.383 985.885.586.788.887.286.889.592.892.989.091595.099.6
102.8101.9102.5100.0101.8107.4109.8110.5113.8117.5120.4120.5117.7117.3
98.9104.3108.5110.2111.3115.1118.8120.6119.6
118.1117.8117.6117.3
116.8117.1117.2117.7
118.3119.5119.4
Nonfarmbusinesssector
66 367.464.766.769 770.472 169.672.474 273.870.773.774.273.374.875 777.480 383.183.084.486.985.685.388.191.691.887.990 794.499.2
102.6101.8102.5100.0101.9107.9110.7111.5115.1119.1122.2122.4119.5119.1
99.0104.7109.0111.4112.5116.5120.5122.3121.4
119.9119.5119.4119.2
118.7118.8119.0119.6
120.3121.6121.7
Compensationpert
Busi-ness
sector
10 411.311.512.313 514.415 415.916.317 418.519.420.221.121.923.023 825.126 027.829.431.834.136.739.141.645.149.654.559 564.370.076.885.093.0
100 0103.8108.3113.2118.9123.1128.5133.0140.6147.4154.9
102.1105.3109.9115.6120.9125.8130.6134.9143.5
144.9146.6148.2150.1
152.2153.7156.1157.8
159.1160.1161.6
our3
Nonfarmbusinesssector
11312.312.713.514 615.516 316.917.518 619.620.421.322.223.023.924 725.926 728.330.032.334.537.039.441.945.449.954.959 664.470.176.784.993.0
100 0104.0108.3112.8118.4122.5127.7131.9139.2146.2153.7
102.1105.2109.9115.0120.4125.1129.8133.9142.1
143.7145.4147.1148.8
150.9152.6154.8156.6
157.7158.4159.9
Real compensationper hour4
Busi-ness
sector
44 945.246.549.450 252.455 657.058.761763.664.767.068.870 873.375 178.079 782.985.088.389.891.393.195.998.197.097.8
100 9102.4103.6102.199.598.7
100 0100.6100.6101.5104.7104.6104.8103.5103.8104.5106.5
100.6100.5100.7102.4105.6105.1104.7103.4103.5
103.6104.2104.7105.2
105.8106.0106.9107.3
107.1107.0107.7
Nonfarmbusinesssector
49 149.351.554.054 456.359.160.663.165 967.568.270.572.474176.378 080.581 984.386.689.690.892.093.996.898.797.698.4
101 1102.5103.7102.099.498.8
100 0100.8100.6101.2104.3104.1104.2102.7102.8103.6105.7
100.6100.4100.7101.8105.2104.6104.1102.6102.5
102.7103.4103.9104.3
104.8105.2106.0106.4
106.2105.9106.6
Unit labor costs
Busi-ness
sector
24 024.924.924.726 226.927.828.027.829.330.430.831.332.232.232.632 532.833 134.535.537.339.842.243.544.847.553.157.160 564.369.677.386.293.1
100.0101.5103.4106.5109.5112.3116.0121.0127.1131.9134.1
101.0102.1104.3108.0111.6113.7117.9123.0129.8
130.6131.4132.6133.1
133.4133.9134.5134.8
136.4137.3137.4
Nonfarmbusinesssector
22 423.623.823.725 225.926.927.127.328.829.830.230.831.831.832.132 132.332 733.935.236.839.441.843.144.547.152.856.860.163.969.176.885.793.1
100.0101.5103.4106.8110.0112.8116.5121.5127.6132.6135.1
101.0101.9104.4108.5112.2114.3118.0123.4130.5
131.3132.0133.2133.7
134.3134.9135.6135.8
137.4138.2138.0
Implicit pricedeflator«
Busi-ness
sector
23 825.725.425.827 527.828.128.228.929.930.931.332.132.632.833.533 734.135 036.137.238.840.642.444.546.249.053.759.062.466.571.878.385.994.5
100.0103.4107.7111.2113.6116.6120.8126.1131.2136.1139.2
101.1104.8109.0112.4114.6117.9122.8127.8133.2
134.8135.8136.6137.2
138.3139.1138.7140.6
141.6142.5142.9
Nonfarmbusinesssector
22 524.224.424.826 426.827.527.628.529.530.530.831.832.332.533.133 433.934 635.836.938.640.442.244.345.847.952.858.361.966.171.277.585.694.2
100.0104.0107.6111.6114.2117.2121.4126.5131.8137.0140.3
101.4105.2109.0112.9115.2118.5123.4128.2134.0
135.7136.6137.5138.2
139.3140.2139.8141.8
142.7143.5144.0
1 Output refers to gross domestic product originating in the sector in 1987 dollars.2 Hours at work of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based
primarily on establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an
estimate of wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers.5 Current dollar gross domestic product divided by constant dollar gross domestic product.
Source: Department of Labor, Bureau of Labor Statistics.
322
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-48.—Changes in productivity and related data, business sector, 1948-93
[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]
Voar nrTear orquarter
19481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
199019911992
1991:1IIIllIV
1992:1IIillIV
1993:1IIIll
Output per hourof all persons
Busi-ness
sector
4.51.6
8.53.63.73.22.5
3.41.32.83.22.5
1.63.83.54.14.3
2.72.82.63.0.6
1.43.33.22.5
- 1 . 9
2.43.01.7.6
- 1 . 1
- .81.3.1
2.32.4
1.42.11.01.0
_ 7
.71.03.3
1.52.5
.63.7
4.72.54.23.8
- 1 . 6- .03.6
Nonfarmbusinesssector
3.32.2
6.52.32.81.62.5
3.2.4
2.02.72.3
1.13.33.13.63.8
2.21.92.22.9
- .0
1.03.13.12.4
- 2 . 0
2.32.61.5.7
- 1 . 4
- . 9.9.1
2.52.2
.82.0
.89
- . 9
.41.13.1
1.92.7
.83.4
3.82.83.64.2
- 1 . 8- .44.3
Output1
Busi-ness
sector
5.2- 1 . 8
9.56.63.74.1
- . 9
7.12.81.3
- 1 . 66.5
1.72.15.14.66.0
6.05.22.24.52.9
- .52.96.46.2
- 1 . 8
- 1 . 95.85.65.52.0
- 1 . 61.9
- 2 . 34.18.2
3.62.84.14 31.7
.7- 1 . 3
2.9
- 3 . 31.4.1
2.7
2.93.44.65.6
.53.83.5
Nonfarmbusinesssector
5.0- 1 . 8
9.67.03.84.0
- 1 . 0
7.33.01.5
- 1 . 76.7
1.72.15.34.76.2
6.15.42.24.62.9
- .62.96.56.4
- 1 . 9
- 2 . 05.95.65.82.0
- 1 . 71.6
- 2 . 44.4v
8.2
3.42.84.1441.7
.6-1.3
2.7
-3.11.5.3
2.7
2.13.34.46.0
.64.04.4
Hours of allpersons2
Busi-ness
sector
0.7- 3 . 3
.92.8.0.9
- 3 . 3
3.61.5
- 1 . 5- 4 . 6
3.8
.1- 1 . 6
1.6.5
1.6
3.22.3
-.31.42.4
- 1 . 8- .43.23.6.1
- 4 22.83.84.93.2
- .9.6
- 2 . 51.85.6
2.1.6
3.03 32.5
.1- 2 . 3
_ 4
-4 .7- 1 . 1
- . 5- 1 . 0
- 1 . 81.0.4
1.8
2.13.8
_ i
Nonfarmbusiness
sector
1.7- 3 . 9
3.04.61.02.4
- 3 . 4
3.92.5
- .5- 4 . 2
4.3
.6- 1 . 2
2.11.12.3
3.83.4
-.11.72.9
- 1 . 5- .33.34.0
.2
- 4 23.24.15.03.5
- . 8.7
- 2 . 41.95.9
2.5.8
3.2352.6
.2- 2 . 4
_ 4
- 4 . 9- 1 . 1
- . 6- . 7
- 1 . 6.5.8
1.8
2.54.4
.1
Compensation perhour3
Busi-ness
sector
8.61.7
7.49.86.36.83.3
2.66.76.64.64.3
4.34.04.7385.2
3.87.05.78.17.3
7.56.46.48.69.8
10 09.18.08.99.7
10.79.47.63.84.3
4.55.03.6443.5
5.74.95.0
4.14.84.55.2
5.74.16.24.63.32.53.9
Nonfarmbusinesssector
8.63.0
6.28.75.65.73.3
3.76.15.74.04.1
4.43.44.13.54.6
3.35.95.97.96.8
7.26.46.58.29.8
10.08.78.08.99.5
10.79.67.54.04.1
4.15.03.5423.3
5.55.05.1
4.44.94.64.9
5.64.75.94.62.91.93.7
Real compensationper hour4
Busi-ness
sector
0.53.0
6.11.84.36.02.5
3.05.13.11.73.6
2.62.93.62.43.9
2.24.02.63.81.7
1.71.93.12.3
- 1 . 1
.83.21.41.2
- 1 . 5
- 2 . 5- .81.3.6.0
.93.1
- . 12
-1.3.3.6
2.0
.42.51.81.9
2.3.9
3.41.4
- .5- . 42.7
Ncnfarmbusinesssector
0.54.3
4.8.7
3.64.92.5
4.14.52.31.23.4
2.62.33.02.23.3
1.72.92.73.51.3
1.42.03.21.9
- 1 . 1
82.71.41.2
- 1 . 7
- 2 . 5- . 71.2.8
- . 2
.63.1
- . 21
- 1 . 4
.1
.82.0
.62.71.91.6
2.21.53.11.4
-.9- 1 . 0
2.5
Unit labor costs
Busi-ness
sector
4.0.1
- .96.02.63.5.7
-.75.33.61.41.7
2.7.1
1.2- . 3
.9
1.14.13.15.06.7
6.13.03.15.9
11.9
7.56.06.38.2
11.0
11.58.07.41.51.9
3.02.82.5344.3
5.03.81.7
2.52.23.81.4
.91.61.9
.7
5.02.5.3
Nonfarmbusinesssector
5.2.8
- .36.22.84.1.8
.55.63.71.31.7
3.301.0
- .1.8
1.03.93.54.86.9
6.23.23.25.7
12.1
7.55.96.48.1
11.0
11.78.67.41.51.9
3.32.92.6324.3
5.13.92.0
2.52.23.71.5
1.71.82.2
.4
4.82.3
- . 6
Implicit pricedeflator5
Busi-ness
sector
7.9- 1 . 2
1.66.71.01.3.4
2.53.33.21.42.7
1.5.5
2.0.8
1.1
2.53.32.94.44.7
4.34.93.86.19.5
10.05.86.58.09.1
9.710.15.83.44.1
3.32.22.6364.4
4.13.72.3
4.83.12.41.7
3.32.4
- 1 . 25.6
2.72.61.2
Nonfarmbusinesssector
7.8.8
1.86.11.62.5.7
3.23.53.3.9
3.4
1.5.6
2.1.9
1.4
2.23.33.34.54.6
4.55.03.54.5
10.2
10.46.36.87.68.9
10.410.16.14.03.5
3.72.42.6364.2
4.23.92.4
4.92.72.62.2
3.22.7
- 1 . 15.6
2.52.41.2
1 Output refers to gross domestic product originating in the sector in 1987 dollars.2 Hours at work of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based
primarily on establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an
estimate of wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers.5 Current dollar gross domestic product divided by constant dollar gross domestic product.
Note.—Percent changes are based on original data and therefore may differ slightly from percent changes based on indexes in TableB-47.
Source: Department of Labor, Bureau of Labor Statistics.
323Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PRODUCTION AND BUSINESS ACTIVITY
TABLE B-49.—Industrial production indexes, major industry divisions, 1947-93
[1987 = 100; monthly data seasonally adjusted]
Year or month
194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976 .1977197819791980 .1981198219831984198519861987198819891990199119921993".1992: Jan
FebMarAprMayJuneJulyAugSeptOctNovDec
1993:JanFebMarApr
JuneJulyAugSeptOct"NovDec p
Totalindustrialproduction
11123.622.325.828.029.131.629.933.735.135.633.337.338138.441644.047 051.756 357.560 763.561462.268.373.872.766.372.478.282.685.784.185.781.984.992.894 495.3100.0104.4106.0106.0104.1106.5111.0104.5105.3105.6106.3106.7106.0106.8106 6106.2107 5108.4108.9109.3109 9110.11104110.2110 5110.8111.0111.4
1 112 1113.2114.0
Manufacturing
Total
21222.020.824.226.127.229.627.731.332.532.930.634.535 235.338 440.743 548.252 653.656 659.156 457.363.368.967.961.167.473.377.880.978.880.376.680.989.391694.3100.0104.7106.4106.1103.7106.9111.9104.5105.4106.1106.5107.1106.5107.1107 0106.8108 0108.9109.2109.9110 5110.81114111.31113111.6111.9112.3113 2114.5
j 115.3
Durable
19 920.818.923.025.927.531.127.431.332.432.628.532.833 332.736 338.741447.152 352.955 557.753 353.159.366.264.856.762.668.773.978.375.777.472.776.888.491893.9100.0106.6108.6107.4103.8108.1115.9104.6106.2106.7107.2108.4107.6108.2108 5108.1109 8110.9111.8112.91138114.11150114.9114 6115.4115.7117.0118.3120.1121.7
i
Nondurable
22 623.423.025.626.426.928.028.231.332.933.533.737.138 039.141543.846 649.852 954.658161.161163.669.311172.367.774.680.183.584.683.184.582.587.090.891594.9100.0102.3103.7104.4103.5105.4106.8104.4104.6105.3105.5105.4105.2105.7105 2105.2105 8106.4106.0106.4106 4106.6106 9106.9107.2107.0107.3106.5107 0107.6107.4
Mining
55 558.351.757.763.462.864.563.270.574.274.368.171.372.773.175.278.281.484.488.990.694.197.8100 497.899.9100.8100.398.098.9101.5104.6106.6110.0114.3109.3104.8111.9109.0101.0100.0101.3100.0102.0100.497.697.097.596.797.297.498.897.198.597 097.197.697.898.298.395.995.396.497.398.096.495.597.798 297.497.9
Utilities
11.713.013.915.818.119.621.322.925.628.130.031.434.536.939.041.944.848.751.755.658.463.168.772 976.481.384.583.584.387.689.992.795.395.994.391.893.697.099.596.3100.0105.0108.7109.9112.2112.0116.0110.2111.0111.4112.0111.2110.0111.2110 4111.2112.7114.7116.8112.81175117.81144112.1114 9116.9117.7115.3114 6115.4116.6
Source: Board of Governors of the Federal Reserve System.
324
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-50.—Industrial production indexes, market groupings, 1947-93
[1987 = 100; monthly data seasonally adjusted]
Year or monthTotal
industrialproduction
Final products
Total
Consumer goods
Total
Auto-motiveprod-ucts
Otherdura-
blegoods
Non-durablegoods
Total
Equipment
De-fenseand
space
Inter-mediate
prod-ucts
Materials
Total Dura-ble
Non-durable
Ener-
1947194819491950195119521953195419551956195719581959
19601961196219631964196519661967196819691970197119721973197419751976197719781979
19801981198219831984198519861987198819891990199119921993 ".1992:Jan
FebMar....AprMay....June..
July...Aug...Sept..OctNov...Dec...
1993: Jan....Feb....Mar...Apr....May...June..
July...Aug...Sept..Oc t " .Nov.Dec".
22.723.622.3
25.828.029.131.629.933.735.135.633.337.3
38.138.441.644.047.051.756.357.560.763.561.462.268.373.872.766.372.478.282.685.7
84.185.781.984.992.894.495.3
100.0104.4106.0
106.0104.1106.5111.0
104.5105.3105.6106.3106.7106.0106.8106.6106.2107.5108.4108.9109.3109.9110.1110.4110.2110.5
110.8111.0111.4112.1113.2114.0
20.821.520.9
23.525.427.329.127.629.831.632.531.034.0
35.135.438.440.642.947.151.653.756.358.1
56.056.561.365.965.761.866.271.676.179.0
80.082.180.883.091.094.295.7
100.0104.8106.8
107.0105.3108.2113.5105.3106.5106.9107.7108.3107.1108.1108.9108.1110.1111.0111.5111.9112.4112.7112.8112.5112.7
113.2113.5113.8114.8115.9116.6
25.426.226.129.729.430.131.931.735.436.737.637.240.9
42.443.346.248.851.555.558.459.863.465.8
65.068.874.377.675.272.379.485.188.487.3
85.385.884.588.892.893.796.8
100.0102.9104.0
103.4102.8105.2108.1103.2104.0104.7105.4105.8104.0104.9105.1104.4106.4107.1107.5107.6108.5108.6108.1107.3107.3107.7107.8107.4108.6109.6109.8
21.722.622.5
28.325.022.528.426.535.228.930.324.130.2
34.631.638.341.943.954.153.947.456.456.7
47.760.865.672.462.659.073.284.086.378.5
59.559.257.571.986.692.795.3
100.0106.4108.2100.7
89.899.4
110.690.595.296.599.0
102.999.098.899.597.3
103.1104.1108.7
112.7111.9111.2112.1109.7105.3
103.3103.0105.6112.9119.5123.4
22.823.822.0
30.426.226.229.627.332.233.933.231.336.0
36.237.340.543.747.754.159.660.464.769.0
66.970.881.085.779.369.878.287.491.289.8
85.186.378.186.294.690.693.9
100.0103.0105.2
103.699.9
105.2111.9102.5103.6104.7105.8107.9104.6106.3104.0104.1104.9107.1107.2
109.3110.7111.7112.3111.8110.2
113.2112.2112.5113.8114.9114.4
27.027.727.9
30.331.332.633.533.936.538.840.141.344.1
45.547.049.251.454.056.359.062.064.566.7
67.869.774.276.576.574.980.484.487.887.7
89.189.689.791.993.494.497.6
100.0102.4103.2
103.8105.0105.9107.2
105.0105.2105.7106.1105.9104.6105.5106.0105.3107.1107.5107.4
106.7107.7107.7106.9106.3107.2
107.4107.8106.9107.3107.4107.2
15.015.814.1
15.321.225.527.624.224.727.128.225.227.7
28.528.131.333.135.039.646.149.050.451.848.145.049.355.056.852.053.858.864.271.0
74.678.277.076.889.294.894.5
100.0107.6110.9
112.1108.9112.7121.2
108.3110.1110.2111.1112.0111.6
112.7114.3113.5115.4116.7117.2
118.1118.0118.7119.7119.9120.4
121.2121.6122.9123.8125.:126.6
14.715.313.4
14.317.519.820.618.119.622.723.619.922.4
23.022.324.325.528.532.637.838.640.342.9
41.339.344.852.454.748.850.656.763.171.5
73.576.172.971.985.491.193.1
100.0110.7115.5
116.9115.7123.2137.0116.3118.8119.0120.6122.1121.9
123.7126.1125.0127.5129.0129.6131.2131.7133.4134.8135.4136.1
137.1137.6139.4140.8142.9144.9
7.58.89.2
10.826.537.244.639.335.935.136.736.838.8
39.940.646.950.649.054.363.772.772.969.4
58.752.851.350.149.448.549.249.249.551.5
57.458.565.771.878.989.496.0
100.099.7
100.198.891.785.978.7
89.589.088.987.787.286.585.184.584.483.583.282.5
82.081.580.780.579.578.6
78.678.077.576.976.676.1
22.423.622.4
26.127.427.229.129.032.934.434.433.637.1
37.438.140.442.745.548.451.453.556.659.6
58.760.567.671.969.462.669.074.979.181.2
77.077.075.180.386.288.391.9
100.0101.8102.0
101.296.597.6
100.197.097.297.297.997.997.7
98.697.096.997.898.198.3
98.299.399.6
100.099.799.4
100.4100.6100.4101.0101.8101.9
25.126.223.9
28.631.632.135.632.938.939.939.935.941.4
42.042.045.848.752.658.763.963.367.571.5
69.070.077.284.582.872.681.287.391.895.4
91.392.885.188.396.696.695.9
100.0105.0106.7
106.8105.5107.9112.2106.2106.8107.3107.9108.0107.8108.5107.6107.4108.1109.3110.0
110.4110.9110.9111.5111.6112.1
112.0112.2112.7113.2114.3115.5
21.522.119.8
24.928.328.933.829.235.735.835.830.135.9
36.335.539.442.145.952.657.955.959.262.356.556.864.273.371.259.368.475.381.485.3
79.382.173.479.292.192.993.7
100.0106.8108.4
107.6105.2108.9116.0
106.8107.8108.1108.8109.0108.7
109.3108.9107.6109.7111.1111.9
113.3114.2114.1114.9114.8114.9115.4115.8117.118.2119.7121.7
25.228.930.230.129.934.2
34.836.239.241.645.249.653.654.559.964.965.268.074.980.480.871.981.486.789.792.9
88.790.582.189.293.091.794.4
100.0104.4107.1
108.0107.1110.9114.0108.8109.9110.9111.2111.5111.5111.5110.7111.7110.7112.0111.5
112.4112.1112.8113.8114.1114.8
114.2115.2113.8114.4115.5115.3
52.759.362.763.458.862.3
63.163.665.869.772.575.880.683.487.291.7
96.297.1
100.8101.5
98.896.799.0
101.1102.2105.0
106.2104.3100.7
98.9103.8103.4
99.5100.0102.2103.1104.2104.6103.4103.5
103.1102.5102.7103.5103.3103.1104.4102.5103.6103.0103.9105.1103.4103.8103.5103.4103.4104.6103.7102.8103.3102.9103.0103.9
1 Two components—oil and gas well drilling and manufactured homes—are included in total equipment, but not in detail shown.
Source: Board of Governors of the Federal Reserve System.
325Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-51.—Industrial production indexes, selected manufactures, 1947-93
[1987 = 100; monthly data seasonally adjusted]
Year or month
194719481949195019511952.195319541955195619571958195919601961 . .19621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993 "1992:Jan
FebMarAprMayJuneJulyAugSeptOctNovDec
1993:JanFebMarAprMayJuneJulyAugSeptOct"Nov "Dec "
Primarymetals
Total
70 273.061.477.384.176 887.070 491.590 987.169 080.780.478.984.691.2
102 9113.2120.2111.1115.1123.8115.2109.2122.4138.9134 5107.2119 9121.5130 7133.0110 8117.583.291.0
102 4101.893.7
100.0108.7107.2106.598 4
101.1105.5101.7102.4102.6101.8101.1101.2100.6100.598.0
100.5101.6102.4102.8108.0104.2104.4104.2105.7105.3106.2106.0105.0107.1109.1
Ironandsteel
102 1106.891.2
112.4125.7110 6127.5991
131.8129 3124.693 9
108.1109.9104 9109.3119.1135 5148.7153.1141.5146.1159.2148.2135.5150.6171.51661133.5147 1145.1155 3156.5126 0135.186.296.1
105.9104.590.8
100 0112.7111.2111.5100.6104.7110.5105.5106.4106.5105.6104.8103.8104.7103.8102.0104.1103.6107.4107.0112.9107.6108.4108.1110.9111.9112.1111.1112.4111.1114.6
Fabri-catedmetalprod-ucts
37 538.234.442.245.144 049.644 751.051853.147 653.453.452 156.758.562168.373.176.580.681.975.975.682.992.188 476.784 992.796 299.592 591.183.285.593 394.593.8
100 0104.2102.899.594 996.7
100.994.995.996.696.897.297.197.097.096.597.597.697.899.899.7
100.3101.4100.6100.1101.2101.0100.9101.6102.7103.3
Durable manufactures
Industrialand
commer-cial
machin-ery and
computerequip-ment
12 012.110.311.614.716 016.714 215.617 917.915 017.517.617 119.220.523 326.230.531.131.333.932.830.535.441.444 138.140 045.150 256.960 665.963.964.380 886.890.3
100.0113.0117.3117.6113.7124.8146.8114.7118.1120.0120.9123.2123.8125.7126.9127.9130.6132.8133.8135.0136.7139.6142.8144.2145.4148.5149.9152.1153.7156.2158.8
Electri-cai
machin-ery
858.88.3
11.311413 014.913 315.316 516.415 018.219.821024.124.826 231.337.537.739.842.340.540.746.553.052 445.150 758.464 071.373 375.475.980.394 193.194.3
100 0108.5111.0111.4112 8119.8131.7114.9116.3117.2118.2119.5119.3120.7120.6121.5122.6124.4124.8125.8127.1128.5129.0129.7130.1132.3133.5135.2136.0137.2138.7
Transportationequipment
Total
19 621.421.525.728.733 341.836 441.940 643.534 338.940.337.843.748.049 258.562.761.366.666.155.560.164.173.066 459.768 073.779 581.072.368.764.872.783.191.896.9
100 0105.2109.6107.0101.8102.6105.6100.6102.2102.3103.2104.5102.7101.4102.4100.5103.0103.6106.3108.4107.8106.9106.9105.5102.6100.8100.4102.4106.3110.0112.7
Motorvehicles
andparts
27 329.630.439.035.830 738.733 344.636 238.028 036.441.136 043.948.649 963.762.655.166.066.353.366.973.085.073 462.281994.799.291.067 064.458.874.590.699.098.5
100.0105.7106.9101.094.3
104.8120.196.1
100.3101.2104.5107.9104.8103.1105.0102.6108.0109.9116.2120.9120.7120.1120.4118.1114.3110.1110.0115.0124.1132.3138.8
Lumberand
prod-ucts
38 840.435.743.443.242 745.144 850.149 545.446152.349.351.654.456.961 163.565.965.367.267.166.768.578.478.771466.575 682.383.682.476 974.767.379.986 088.095.1
100.0100.199.497.190.596.4
100.095.196.396.595.396.193.896.696.694.797.899.898.099.3
101.898.098.197.496.599.199.9
100.7104.0104.2104.6
Nondurable manufactures
Apparelprod-ucts
43145.044.547.947.049.550.149.554.756.055.854 359.760.961363.866.468 772.674.574.176.078.475.376.280.981.577 971.183 991.693.989.089 291.090.193.895 792.696.3
100 098.195.092.291.992.390.893.493.393.693.493.591.792.791.391.591.792.992.793.192.592.192.091.291.190.790.689.689.490.089.7
Textilemill
prod-ucts
35 237.734.839.639.238 939.937 342.543 741.641 146.445.646 950.151.956 061.064.764.872.376.074.478.586.089.681577.786 391.692.095.092 189.483.093.293 789.793.9
100.098.6
100.397.196.8
104.7106.3102.9104.3104.3105.0105.0103.8107.0103.5105.1103.5106.0106.0106.9106.2105.4104.2106.9107.1107.7107.4105.4106.6106.3106.8
Printingand
publish-ing
22 123.223.824.925.425 326.527 630.332 333.432 634.836.236.437.739.742 144.848.350.951.754.252.753.256.758.357.453.758.764.368.169.970.372.175.279.084 587.690.6
100.0100.9101.1100.896.895.094.196.495.695.195.894.595.695.793.594.194.594.294.794.794.094.795.694.794.593.893.493.894.394.493.3
Chem-icalsand
prod-ucts
879.49.3
11.613.113.714.815.017.618 919.920 624.024.926.129.031.734 838.742.244.249.653.755.959.566.973.175.869.177.383.388.091.387.889.281.887.591.491.494.6
100.0106.0109.2111.8111.3115.0118.3112.8113.6114.2114.6114.8114.9114.6114.4115.2116.2117.7116.7116.8116.2117.6117.8118.1119.1118.7119.1118.5118.1119.6120.0
Foods
33132.833.134.335.035.736.437.239.341.542.243.245.446.647.949.551.253 654.856.959.461.063.064.066.069.570.971.971.475.579.081.882.684.686.587.790.192.194.997.4
100.0101.5102.5103.7105.3106.0106.9104.6105.8106.4106.0106.1105.4105.9106.3105.6106.8106.4106.2105.9106.9106.7106.7106.7107.1107.2107.8107.3107.8107.2107.0
Source: Board of Governors of the Federal Reserve System.
326Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-52.—Capacity utilization rates, 1948-93
[Percent;1 monthly data seasonally adjusted]
Year or month Totalindustry
Manufacturing
Total Durablegoods
Non-durablegoods
Primaryprocessing
Advancedprocessing
Mining Utilities
1948194919501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
198519861987198819891990199119921993"
1992:JanFebMarAprMayJuneJulyAugSeptOctNovDec
1993:JanFebMar..
MPay"June
JulyAugSeptOct p
Nov P.Dec "
86.486.886.9
80.879.284.388.484.2
74.679.383.385.586.2
82.180.975.075.881.1
80.379.281.583.783.6
82.179.279.881.9
78.879.379.579.980.179.5
80.079.779.380.280.881.0
81.281.581.681.781.581.5
81.781.781.982.383.083.5
82.574.2
82.885.885.489.380.1
87.086.183.675.081.6
80.177.381.483.585.6
89.591.187.287.286.8
79.778.283.788.183.8
73.278.582.885.185.4
80.278.872.874.980.4
79.579.181.683.683.1
81.177.878.881.1
77.678.278.678.879.178.6
78.978.778.479.279.779.8
80.380.580.680.980.780.6
80.780.881.081.582.382.7
87.186.886.3
76.774.380.987.582.7
70.275.480.383.584.9
78.676.669.070.578.3
77.876.278.681.881.5
79.074.976.480.4
74.675.675.876.176.876.1
76.476.576.177.177.878.2
78.979.479.579.979.779.4
79.879.980.681.482.583.4
86.386.686.6
82.982.886.687.584.0
76.481.885.286.285.1
81.481.078.081.183.1
81.983.085.685.985.3
84.081.782.082.0
81.781.882.382.482.281.9
82.281.781.782.082.482.0
82.282.182.282.382.282.3
82.082.181.581.782.081.8
87.376.2
88.590.284.989.480.6
92.089.484.775.483.0
79.877.981.583.887.8
91.091.485.486.386.9
80.479.386.491.586.0
72.980.184.086.386.4
78.078.069.074.880.4
79.880.984.986.986.284.280.182.484.6
82.382.683.082.382.682.2
82.681.981.782.383.082.9
83.584.383.884.384.284.5
84.584.884.484.885.786.0
80.073.2
79.883.485.989.380.0
84.284.483.174.981.1
80.577.281.683.484.6
88.891.188.087.486.5
79.177.482.586.582.8
73.577.881.984.384.8
81.379.174.674.980.3
79.478.380.182.181.879.876.877.979.6
78.779.179.277.377.577.0
77.377.377.077.978.478.6
78.979.079.379.579.378.9
79.279.279.680.180.981.4
81.283.586.6
88.987.490.492.592.5
89.990.090.991.391.9
94.094.686.579.984.4
82.978.279.984.485.9
89.188.686.887.1
86.485.786.286.587.886.3
87.686.486.587.187.487.8
87.985.885.386.487.287.9
86.585.887.888.487.788.2
93.494.195.8
95.493.994.692.986.8
84.084.884.684.885.9
85.582.879.580.382.5
83.580.282.084.186.0
86.086.385.387.0
84.685.185.385.784.983.9
84.884.184.585.687.188.5
85.488.989.086.484.686.6
88.188.686.786.186.687.5
1 Output as percent of capacity.Source: Board of Governors of the Federal Reserve System.
327Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-53.—New construction activity, 1929-93
[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]
Year or month
Totalnew
construc-tion
Private construction
Total
Residentialbuildings1
Total2New
housingunits
Nonresidential buildings and otherconstruction»
TotalCom-mer-c ia l3
Indus-trial
Other4
Public construction
Total FederalState andlocal5
192919331939
19401941194219431944
1945
1946
New series
194719481949
19501951195219531954
19551956195719581959
1960196119621963
New series
1964
1965
1966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993*.
10.82.98.2
8.712.014.18.35.3
5.814.3
20.026.126.7
33.635.436.839.141.4
46.547.649.150.055.4
54.756.460.264.8
72.1
78.081.283.092.499.8
100.7117.3133.3146.8147.5
145.6165.4193.1230.2259.8
259.7272.0260.6294.9348.8
377.4407.7419.4432.3443.6
442.1403.4436.0470.3
8.31.24.4
5.16.23.42.02.2
3.412.1
16.721.420.5
26.726.226.027.929.7
34.834.935.134.639.3
38.939.342.345.5
51.9
56.157.457.665.072.0
72.887.6
103.3114.5109.3
102.3121.5150.0180.0203.2
196.1207.3197.5231.5278.6
299.5323.1328.7337.5345.5
334.7293.5317.3342.7
3.6.5
2.7
3.03.51.7.9
1.36.2
9.913.112.4
18.115.915.816.618.2
21.920.219.019.824.3
23.023.125.227.9
30.5
30.228.628.734.237.2
35.948.560.765.156.0
51.668.392.0
109.8116.4
100.499.284.7
125.5153.8
158.5187.1194.7198.1196.6
182.9157.8187.8207.9
3.0
2^3
2.6
3.01.4.7.6
.74.8
7.810.510.0
15.613.212.913.414.9
18.216.114.715.419.2
17.317.119.421.7
24.1
23.821.821.526.729.2
27.138.750.154.643.4
36.350.872.285.689.3
69.669.457.094.6
113.8
114.7133.2139.9138.9139.2
128.0110.6129.6144.5
4.7.8
1.7
2.12.71.71.11.4
2.15.8
6.98.28.0
8.610.310.211.311.5
12.914.716.114.815.1
15.916.217.217.6
21.4
25.828.828.830.834.8
37.039.142.649.453.4
50.753.258.070.286.8
95.7108.0112.9106.0124.8
141.1136.0134.1139.4148.9
151.8135.7129.4134.8
6.8
8.18.18.09.0
10.8
11.213.115.718.118.1
14.314.116.420.628.3
34.640.244.143.959.1
72.669.568.971.573.9
72.554.845.047.3
0.9.2.3
1.71.41.0
1.12.12.32.22.0
2.43.13.62.42.1
2.92.82.82.9
3.6
5.16.66.06.06.8
6.65.54.86.48.1
8.37.48.0
11.515.6
14.618.018.513.814.8
17.114.915.016.520.4
23.822.320.720.7
2.6.5
1.2
1.31.51.2.9
1.1
1.33.0
4.25.55.9
6.16.76.87.37.2
7.38.09.08.89.0
8.98.79.29.7
11.0
12.614.114.915.817.2
19.220.522.124.927.2
28.231.633.738.242.8
46.649.850.248.250.8
51.351.650.151.554.6
55.458.763.766.8
2.51.63.8
3.65.8
10.76.33.1
2.42.2
3.34.76.3
6.99.3
10.811.211.7
11.712.714.115.516.1
15.917.117.919.4
20.2
21.923.825.427.427.8
27.929.730.032.338.1
43.344.043.150.156.6
63.664.763.163.570.2
77.884.690.694.898.1
107.5109.9118.8127.6
0.2.5
1.23.89.35.62.5
1.7.9
1.21.5
1.63.04.24.13.4
2.82.73.03.43.7
3.63.93.94.0
3.7
3.93.83.33.23.2
3.13.84.24.75.1
6.16.87.18.18.6
9.610.410.010.611.2
12.012.414.112.312.2
12.112.814.314.5
2.31.13.1
2.42.01.3.7.6
.71.4
2.53.5
5.26.36.67.18.3
8.910.011.112.112.3
12.213.314.015.4
16.5
18.020.022.124.224.6
24.825.925.827.633.0
37.237.236.042.048.1
54.054.353.152.959.0
65.872.276.682.586.0
95.497.1
104.5113.1
See next page for continuation of table.
328Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-53.—New construction activity, 1929-93—Continued
[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]
Year or month
Totalnew
construc-tion
Private construction
Total
Residentialbuildings1
Total2New
housingunits
Nonresidential buildings and otherconstruction1
TotalCom-mer-cia l3
Indus-trial
Other4
Public construction
Total FederalState and
local5
1992: JanFebMar
£ = =JuneJulyAugSeptOctNovDec
1993: JanFebMarAprMayJune
JulyAugSeptOctNovDec
417.6416.5433.8429.9436.7434.9
432.0430.4433.5442.6449.3455.2
451.3453.8454.5449.1453.3460.7
466.6468.5477.1489.7500.0513.1
300.0297.8312.3313.6314.8319.3
314.0312.3317.4324.8328.2335.4
335.5334.8337.0328.1332.2335.0
337.9341.4345.6354.1364.5371.9
172.1171.7180.3185.4184.4186.7
184.6187.3189.2194.6119.3206.4
207.2205.7205.5197.3198.4200.5
204.6206.6209.5215.2222.3228.6
121.1120.1127.0131.0128.8129.4
126.8127.9129.1132.1135.4138.9
141.8142.9141.8137.7138.3139.3
141.1143.0145.7149.9156.4161.8
127.9126.1131.9128.2130.5132.6
129.4125.0128.2130.3128.9128.9
128.3129.1131.5130.8133.9134.5
133.3134.8136.1138.9142.2143.3
45.845.746.244.744.447.4
43.843.044.145.644.843.6
44.845.945.346.247.347.8
45.846.847.049.150.551.3
22.221.524.521.121.220.5
21.118.919.319.419.220.0
19.620.522.219.520.119.3
19.820.121.321.322.322.8
59.958.961.262.464.964.7
64.563.164.965.364.865.3
63.962.764.065.266.467.4
67.767.867.868.469.369.2
117.7118.7121.5116.3121.9115.6
118.0118.1116.1117.7121.1119.9
115.8119.0117.5120.9121.0125.7
128.7127.2131.6135.6135.6141.2
14.614.414.613.614.914.0
13.713.013.214.415.816.0
14.214.815.614.912.813.4
14.213.414.315.615.216.2
103.1104.4106.9102.6107.0101.6
104.3105.1102.9103.3105.2103.9
101.6104.2101.9106.0108.2112.2
114.5113.8117.3120.0120.4125.0
1 Beginning 1960, farm residential buildings included in residential buildings; prior to 1960, included in nonresidential buildings andother construction.
2 Includes residential improvements, not shown separately. Prior to 1964, also includes nonhousekeeping units (hotels, motels, etc.).3 Office buildings, warehouses, stores, restaurants, garages, etc., and, beginning 1964, hotels and motels; prior to 1964 hotels and
motels are included in total residential.4 Religious, educational, hospital and institutional, miscellaneous nonresidential, farm (see also footnote 1), public utilities
(telecommunications, gas, ejectnc, railroad, and petroleum pipelines), and all other private.5 Includes Federal grants-in-aid for State and local projects.
Source: Department of Commerce, Bureau of the Census.
329Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-54.—New housing units started and authorized, 1959-93
[Thousands of units]
Year or month
New housing units started
Private and public*
Total(farm andnonfarm)
Nonfarm
Private (farm and nonfarm)1
Total
Type of structure
1 unit2 to 4 5 unitsunits or more
New private housing units authorized2
Total
Type of structure
1 unit 2to4units
5 unitsor more
19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981 ,198219831984198519861987198819891990199119921993
1992:JanFeb..Mar..
May -
May
1,553.71,296.11,365.01,492.51,634.91,561.01,509.71,195.81,321.91,545.41,499.51,469.02,084.52,378.52,057.51,352.51,171.41,547.62,001.72,036.11,760.01,312.61,100.31,072.11,712.51,755.81,745.01,807.11,622.7
()
June.JulyAugSeptOctNovDec
1993: JanFebMarApr
June
JulyAugSeptOctNovp
Dec" ,
1,531.31,274.01,336.81,468.71,614.81,534.01,487.51,172.81,298.81,521.41,482.3
()
( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )
( 3 )( 3 )
1,517.01,252.21,313.01,462.91,603.21,528.81,472.81,164.91,291.61,507.61,466.81,433.62,052.22,356.62,045.31,337.71,160.41,537.51,987.12,020.31,745.11,292.21,084.21,062.21,703.01,749.51,741.81,805.41,620.51,488.11,376.11,192.71,013.91,199.71,285.1
( 3 )( 3 )
1,1641,2851,3181,0951,1971,1411,1061,2291,2181,2261,2261,2861,1711,1801,1241,2061,2481,2481,2321,3281,3711,3901,4501,540
1,234.0994.7974.3991.4
1,012.4970.5963.7778.6843.9899.4810.6812.9
1,151.01,309.21,132.0888.1892.2
1,162.41,450.91,433.31,194.1852.2705.4662.6
1,067.61,084.21,072.41,179.41,146.41,081.31,003.3894.8840.4
1,029.91,123.4
282.9257.5338.7471.5590.7
108.486.661.171.680.985.084.8120.3141.3118.368.164.085.9121.7125.0122.0109.591.180.0113.5121.493.484.065.358.855.237.535.630.730.5
450.0422.5325.1376.1527.3571.2535.9780.9906.2795.0381.6204.3289.2414.4462.0429.0330.5287.7319.6522.0544.0576.1542.0408.7348.0317.6260.4137.9139.0131.2
1,208.3998.0
1,064.21,186.61,334.71,285.81,239.8971.9
1,141.01,353.41,323.71,351.51,924.62,218.91,819.51,074.4939.2
1,296.21,690.01,800.51,551.81,190.6985.5
1,000.51,605.21,681.81,733.31,769.41,534.81,455.61,338.41,110.8948.8
1,094.91,214.2
938.3746.1722.8716.2750.2720.1709.9563.2650.6694.7625.9646.8906.1
1,033.1882.1643.8675.5893.6
1,126.11,182.6981.5710.4564.3546.4901.5922.4956.6
1,077.61,024.4993.8931.7793.9753.5910.7
1,004.6
77.164.667.687.1118.9100.884.861.073.084.385.288.1132.9148.6117.064.363.993.1121.3130.6125.4114.5101.888.3133.6142.6120.1108.489.375.767.054.343.145.851.2
Seasonally adjusted annual rates
192.9187.4273.8383.3465.6464.9445.1347.7417.5574.4612.7616.7885.7
1,037.2820.5366.2199.8309.5442.7487.3444.8365.7319.4365.8570.1616.8656.6583.5421.1386.1339.8262.6152.1138.4158.3
9761,1371,050939
1,019994961
1,0381,0451,0791,0891,1331,0511,036987
1,0591,1071,0791,0641,1831,1661,2111,2851,330
282551283240253128182832262432262631541733343333
16012321712814610712016014512910912194120105121115138114128172145132177
1,0771,1351,0821,0401,0531,0481,0831,0811,1201,1411,1361,1961,1571,1411,0341,1011,1211,1151,1621,2421,2711,3041,3741,476
893948896858877878882885918954963
1,037972957871925919925977
1,0151,0471,0971,1451,198
454144424548425245514945454543494647514757575852
139146142140131122159144157136124114140139120127156143134180167150171226
1 Units in structures built by private developers for sale upon completion to local public housing authorities under the Department ofHousing and Urban Development "Turnkey" program are classified as private housing. Military housing starts, including those financedwith mortgages insured by FHA under Section 803 of the National Housing Act, are included in publicly owned starts and excluded fromtotal private starts.
2 Authorized by issuance of local building permit: in 17,000 permit-issuing places beginning 1984; in 16,000 places for 1978-83; in14,000 places for 1972-77; in 13,000 places for 1967-71; in 12,000 places for 1963-66; and in 10,000 places prior to 1963.
3 Not available separately beginning January 1970.4 Series discontinued December 1988.
Source: Department of Commerce, Bureau of the Census.
330
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-55.—Business expenditures for new plant and equipment, 1947-94
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
Industries surveyed quarterly '
Allindus-tries
Manufacturing
TotalDura-ble
goods
Non-durablegoods
Nonmanufacturing
Total2 Min-ing
Trans-porta-tion
Publicutili-ties
Com-mercial
andother
Addenda
Totalnon-farmbusi-
ness3
Manu-fac-tur-ing
Nonmanufacturing
Total
Sur-veyedquar-terly
Sur-veyedannu-ally4
194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 51994 5
1992:1IIIllIV
1993:1IIIllIV5....
1994:I5
II s
20.1122.7820.28
21.5626.8128.1629.9628.86
30.9437.9040.5433.8435.88
39.4438.3440.8643.6751.26
59.5270.4072.7576.4285.74
91.9192.91103.40120.03139.67
142.42158.44184.82216.81255.26
286.40324.73326.19321.16373.83
410.12399.36410.52455.49507.40
532.61528.39546.60584.64616.50
534.85541.41547.40559.24
564.13579.79594.11600.53
616.38624.33
8.739.257.32
7.7311.0712.1212.4312.00
12.5016.3317.5012.9813.76
16.3615.5316.0317.2721.23
25.4131.3732.2532.3436.27
36.9933.6035.4242.3552.48
53.6658.5367.4878.1395.13
112.60128.68123.97117.35139.61
152.88137.95141.06163.45183.80
192.61182.81174.02179.46186.27
173.82171.98172.86176.86
175.05177.09182.17183.52
186.22183.44
3.393.542.67
3.225.125.755.715.49
5.878.198.596.216.72
8.287.437.818.64
10.98
13.4917.2317.8317.9319.97
19.8016.7818.2222.6326.77
25.3727.5032.7739.0247.72
54.8258.9354.5851.6164.57
70.8765.6868.0377.0482.56
82.5877.6473.3281.4984.93
73.9874.0772.0973.30
79.1180.8881.9983.99
87.5083.92
5.345.714.64
4.515.956.376.726.51
6.628.158.916.777.04
8.088.108.228.63
10.25
11.9214.1514.4214.4016.31
17.1916.8217.2019.7225.71
28.2831.0334.7139.1047.41
57.7769.7569.3965.7475.04
82.0172.2873.0386.41
101.24
110.04105.17100.6997.97
101.34
99.8597.91
100.77103.56
95.9496.21
100.1899.53
98.7299.52
11.3813.5312.96
13.8315.7416.0417.5316.85
18.4421.5723.0420.8622.12
23.0822.8024.8326.4030.04
34.1239.0340.5044.0849.47
54.9259.3167.9877.6787.19
88.7699.91
117.34138.69160.13
173.80196.06202.22203.82234.22
257.24261.40269.46292.04323.60
339.99345.58372.58405.18430.22
361.03369.44374.54382.38
389.08402.70411.94417.01
430.16440.89
0.69.93
1.111.211.251.29
1.311.641.691.431.35
1.291.261.411.261.33
1.361.421.381.441.77
2.022.672.883.304.58
6.127.639.81
10.5511.05
12.7115.8114.1110.6411.86
12.008.158.289.299.21
9.8810.028.88
10.1310.84
8.929.208.988.47
8.899.10
11.1411.37
10.8311.14
2.693.172.80
2.873.603.563.582.91
3.103.563.842.723.47
3.543.143.593.644.71
5.666.686.576.917.23
7.176.427.148.009.16
9.9511.1012.2012.0713.91
13.5612.6711.7510.8113.44
14.5715.0515.0716.6318.84
21.4722.6622.6422.3720.91
21.8323.1523.9121.60
22.4721.5821.7023.73
21.4921.61
1.642.673.28
3.423.753.964.614.23
4.264.785.955.745.46
5.405.205.125.335.80
6.497.829.33
10.5211.70
13.0314.7016.2617.9919.96
20.2322.9027.8332.1037.53
41.3247.1753.5852.9557.53
59.5856.6156.2660.3766.28
67.2166.5772.2175.0081.42
69.0072.6372.1874.07
73.5174.5575.6276.30
77.7880.80
6.386.776.01
6.707.297.318.098.42
9.7711.5911.5610.9711.84
12.8613.2114.7116.1718.20
20.6023.1123.2225.2228.77
32.7135.5241.6948.3953.49
52.4758.2967.5183.9697.64
106.21120.41122.79129.41151.39
171.09181.59189.84205.76229.28
241.43246.32268.84297.69317.05
261.27264.46269.46278.24
284.21297.46303.47305.61
320.06327.33
22.2725.9724.03
25.8131.3832.1634.2033.62
37.0845.2548.6242.5545.17
48.9948.1451.6153.5962.02
70.7982.6283.8288.92
100.02
106.15109.18120.91139.26159.83
162.60179.91208.15244.40285.24
318.08358.77363.08359.73418.38
454.93447.11461.51508.22563.93
591.96587.93607.71
8.739.257.32
7.7311.0712.1212.4312.00
12.5016.3317.5012.9813.76
16.3615.5316.0317.2721.23
25.4131.3732.2532.3436.27
36.9933.6035.4242.3552.48
53.6658.5367.4878.1395.13
112.60128.68123.97117.35139.61
152.88137.95141.06163.45183.80
192.61182.81174.02179.46186.27
173.82171.98172.86176.86
13.5416.7316.72
18.0820.3120.0421.7721.62
24.5828.9131.1129.5731.41
32.6332.6035.5836.3340.80
45.3951.2551.5756.5863.74
69.1675.5885.4996.91
107.35
108.95121.38140.67166.27190.11
205.48230.09239.11242.38278.77
302.05309.16320.45344.77380.13
399.34405.12433.69
11.3813.5312.96
13.8315.7416.0417.5316.85
18.4421.5723.0420.8622.12
23.0822.8024.8326.4030.04
34.1239.0340.5044.0849.47
54.9259.3167.9877.6787.19
88.7699.91
117.34138.69160.13
173.80196.06202.22203.82234.22
257.24261.40269.46292.04323.60
339.99345.58372.58405.18430.22
361.03369.44374.54382.38
175.05177.09182.17183.52
186.22183.44
389.08402.70411.94417.01
430.16440.89
2.163.193.76
4.254.574.004.234.76
6.147.358.088.729.29
9.559.80
10.759.93
10.76
11.2712.2211.0712.5014.27
14.2416.2617.5119.2420.16
20.1921.4723.3327.5829.98
31.6834.0436.8938.5644.55
44.8147.7550.9952.7356.53
59.3559.5461.11
1 These industries accounted for 90 percent of total nonfarm spending in 1992.2 Excludes forestry, fisheries, and agricultural services; professional services; social services and membership organizations; and real
estate, which, effective with the April-May 1984 survey, are no longer surveyed quarterly. See last column ("nonmanufacturing surveyedannually") for data for these industries.
3 "All industries" plus the part of nonmanufacturing that is surveyed annually.4 Consists of forestry, fisheries, and agricultural services; professional services; social services and membership organizations; and
real estate.5 Planned capital expenditures as reported by business in October and November 1993, corrected for biases.Source: Department of Commerce, Bureau of the Census.
331Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-56.—Manufacturing and trade sales and inventories, 1950-93
[Amounts in millions of dollars; monthly data seasonally adjusted]
Year or month
Total manufacturing andtrade
Sales*Inven-
tories2 Ratio3
Manufac-turing
SalesJ Inven-tories 2 Ratio3
Merchantwholesalers
Sales *Inven-
tories 2 Ratio3
Retailtrade
Sales1 Inven-tories 2 Ratio3
19501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921992: Jan
FebMarAprMayJune
JulyAugSeptOctNovDec
1993:JanFebMar
June
JulyAugSeptOctNovp
38,59643,35644,84047,98746,44351,69454,06355,87954,20159,72960,82761,15965,66268,99573,68280,28387,18790,91898,794105,812108,352117,023131,227153,881178,201182,412204,386229,786260,755298,328328,112356,909348,771370,501411,427423,940431,786459,107497,031523,729543,097538,609560,383542,949549,893553,453553,683551,496558,715562,128557,117564,197566,536569,412580,840581,584584,903583,575584,943587,930589,990585,626592,598595,804600,304607,689
59,82270,24272,37776,12273,17579,51687,30489,05287,05592,09794,71995,580101,049105,463111,504120,929136,824145,681156,611170,400178,594188,991203,227234,406287,144288,992318,345350,706400,931452,640510,126547,181575,504591,875651,551665,835664,624711,725767,538813,793837,445833,518849,117830,003830,846832,300835,805835,685839,937843,411844,942844,032845,196846,912849,117851,190854,715859,094862,478864,198864,227863,612865,939867,395869,709874,465
1.361.551.581.581.601.471.551.591.611.54
1.561.561.541.531.511.511.571.601.591.611.651.611.551.521.611.581.561.531.541.521.551.531.671.561.531.551.551.501.491.531.531.541.501.531.511.501.511.521,501.50i.521.501.491.491.461.461.461.471.471.471.461.471.461.461.451.44
18,63421,71422,52924,84323,35526,48027,74028,73627,24830,28630,87830,92233,35835,05837,33140,99544,87046,48650,22953,50152,80555,90663,02772,93184,79086,58998,797113,201126,905143,936154,391168,129163,351172,547190,682194,538194,657206,326223,541232,724239,459235,518244,511235,239239,081242,011242,706241,804246,459246,259241,716246,078245,459248,525256,609252,845256,800258,979255,114254,007258,299251,680256,556260,088260,471265,574
31,07839,30641,13643,94841,61245,06950,64251,87150,20352,91353,78654,87158,17260,02963,41068,20777,98684,64690,56098,145101,599102,567108,121124,499157,625159,708174,636188,378211,691242,157265,215283,413311,852312,379339,516334,799322,669338,075367,422386,911399,068386,348379,238384,828383,771383,508382,502383,404382,908383,369385,186384,013383,095381,055379,238378,624379,232379,539380,307381,591381,326381,561381,392380,689380,301380,181
1.481.661.781.761.811.621.731.801.841.751.741.771.741.711.701.661.741.821.801.831.921.831.721.711.861.841.771.661.671.681.721.691.951.781.731.731.681.591.581.641.651.671.571.641.611.581.581.591.551.561.591.561.561.531.481.501.481.471.491.501.481.521.491.461.461.43
7,6958,5978,7829,0528,9939,89310,51310,47510,25711,49111,65611,98812,67413,38214,52915,61116,98719,67521,12122,94024,29826,61930,01138,31948,27146,84850,93456,40966,84979,67893,977102,26796,357100,440113,502114,816116,326124,340135,357144,158149,489147,635152,337148,745149,749151,394150,726148,586151,021153,762152,241153,551154,211153,759155,297159,507158,987157,206159,291162,187159,095160,531161,459160,710161,284162,971
9,2849,88610,21010,68610,63711,67813,26012,73012,73913,87914,12014,48814,93616,04817,00018,31720,76525,78627,16629,80033,35436,56840,29746,91858,66757,77464,62273,17986,93499,679123,833131,049129,024131,663144,223149,155155,445165,814180,519188,539196,901201,285209,232200,956201,423201,463201,687200,997204,373205,058205,399205,264206,655208,416209,232210,139209,765210,503211,860212,190212,058213,244215,199215,103214,991216,094
1.071.161.121.171.181.131.191.231.241.211.211.211.181.201.171.171.221.311.291.301.371.371.341.221.221.231.271.301.301.251.321.281.361.281.231.281.321.291.301.291.291.341.341.351.351.331.341.351.351.331.351.341.341.361.351.321.321.341.331.311.331.331.331.341.331.33
12,26813,04613,52914,09114,09515,32115,81116,66716,69617,95118,29418,24919,63020,55621,82323,67725,33024,75727,44529,37131,24934,49738,18942,63145,14148,97554,65560,17667,00274,71379,74386,51489,06297,514107,243114,586120,803128,442138,133146,847154,149155,456163,535158,965161,063160,048160,251161,106161,235162,107163,160164,568166,866167,128168,934169,232169,116167,390170,538171,736172,596173,415174,583175,006178,549179,144
19,46021,05021,03121,48820,92622,76923,40224,45124,11325,30526,81326,22127,94129,38631,09434,40538,07335,24938,88542,45543,64149,85654,80962,98970,85271,51079,08789,149102,306110,804121,078132,719134,628147,833167,812181,881186,510207,836219,597238,343241,476245,885260,647244,219245,652247,329251,616251,284252,656254,984254,357254,755255,446257,441260,647262,427265,718269,052270,311270,417270,843268,807269,348271,603274,417278,190
1.381.641.521.531.511.431.471.441.441.411.471.441.421.431.421.451.501.421.421.451.401.451.441.481.571.461.451.481.531.481.521.531.491.441.491.521.561.561.541.591.561.551.551.541.531.551.571.561.571.571.561.551.531.541.541.551.571.611.591.571.571.551.541.551.541.55
1 Annual data are averages of monthly not seasonally adjusted figures.2 Seasonally adjusted, end of period. Inventories beginning January 1982 for manufacturing and December 1980 for wholesale and
retail trade are not comparable with earlier periods.3 Inventory/sales ratio. Annual data are-, beginning 1982, averages of monthly ratios; for 1958-81, ratio of December inventories to
monthly average sales for the year; and for earlier years, weighted averages. Monthly data are ratio of inventories at end of month tosales for month.
Note.—Earlier data are not strictly comparable with data beginning 1958 for manufacturing and beginning 1967 for wholesale andretail trade.
Source: Department of Commerce, Bureau of the Census.
332Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-57.—Manufacturers' shipments and inventories, 1950-93
[Millions of dollars; monthly data seasonally adjusted]
Year or month
Shipmentsx
Total
Durablegoodsindus-tries
Nondur-able
goodsindus-tries
Inventories2
Total
Durable goods industries
Total
Mate-rialsand
supplies
Work inprocess
Finishedgoods
Nondurable goods industries
Total
Mate-rialsand
supplies
Workin
proc-ess
Finishedgoods
1950195119521953195419551956195719581959
19601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982.....19831984198519861987198819891990199119921993 "..1992: Jan
FebMarAprMayJuneJulyAugSeptOctNovDec
1993:JanFebMarAprMayJune
JulyAugSeptOctNov "Dec p
18,63421,71422,52924,84323,35526,48027,74028,73627,24830,286
30,87830,92233,35835,05837,33140,99544,87046,48650,22953,501
52,80555,90663,02772,93184,79086,58998,797113,201126,905143,936
154,391168,129163,351172,547190,682194,538194,657206,326223,541232,724
239,459235,518244,511258,523235,239239,081242,011242,706241,804246,459246,259241,716246,078245,459248,525256,609
252,845256,800258,979255,114254,007258,299
251,680256,556260,088260,471265,574269,227
8,84510,49311,31313,34911,82814,07114,71515,23713,55315,597
15,87015,60117,24718,25519,61122,19324,61725,23327,62429,403
28,15629,92433,98739,63544,17343,59850,62359,16867,73175,927
77,41983,72779,21285,48197,940101,279103,238108,128117,993121,703122,387119,151125,553135,982
120,173122,865124,665124,249123,113126,166
125,083124,246125,873126,425128,720134,228
130,805134,133135,537132,763132,307135,042129,257134,521137,521138,153142,665146,002
9,78911,22111,21611,49411,52712,40913,02513,49913,69514,689
15,00815,32116,11116,80317,72018,80220,25321,25322,60524,098
24,64925,98229,04033,29640,61742,99148,17454,03359,17468,009
76,97284,40284,13987,06692,74293,25991,41998,198105,549111,022
117,072116,367118,958122,542
115,066116,216117,346118,457118,691120,293121,176117,470120,205119,034119,805122,381
122,040122,667123,442122,351121,700123,257
122,423122,035122,567122,318122,909123,225
31,07839,30641,13643,94841,61245,06950,64251,87150,20352,913
53,78654,87158,17260,02963,41068,20777,98684,64690,56098,145
101,599102,567108,121124,499157,625159,708174,636188,378211,691242,157
265,215283,413311,852312,379339,516334,799322,669338,075367,422386,911399,068386,348379,238377,941
384,828383,771383,508382,502383,404382,908
383,369385,186384,013383,095381,055379,238
378,624379,232379,539380,307381,591381,326
381,561381,392380,689380,301380,181377,941
15,53920,99123,73125,87823,71026,40530,44731,72830,19432,012
32,33732,49634,56535,77638,42142,18949,85254,89658,73264,598
66,65166,13670,06781,192101,493102,590111,988120,877138,181160,734
174,788186,443200,444199,854221,330218,212212,006220,776241,402256,065
259,988249,117237,717236,370248,183246,482245,703244,355244,213243,625
242,976243,597242,122240,909239,407237,717
236,332237,034236,849237,043237,734237,514
237,937237,688237,571237,632237,886236,370
8,9667,8949,19410,41710,6089,97010,709
10,30610,24610,79411,05311,94613,29815,46416,42317,34418,63619,14919,67920,80725,94435,07033,90337,45740,18645,19852,670
55,17357,99859,13660,32566,03164,00561,40963,61469,38871,942
72,78869,98768,16568,38869,82769,36668,87268,81168,90969,477
68,87569,37169,39968,44268,26768,165
67,70767,83967,86468,08968,40168,163
68,35768,67868,44168,52268,67068,388
10,7209,72110,75612,31712,83712,40813,086
12,80913,21114,12414,83516,15818,05521,90824,93327,21330,282
29,74528,55030,71335,49042,53043,22746,07450,22658,84869,325
76,94580,99886,70786,89998,25198,08596,926102,328112,380121,919
122,520115,107107,140105,364
114,334113,342112,867111,601111,346110,257
109,482109,507108,406108,730107,472107,140
106,426106,552106,071105,671106,042106,306
106,545106,463106,704106,943106,119105,364
6,2066,0406,3487,5658,1257,8168,217
9,2229,0399,6479,88810,31710,83612,48013,54014,17515,68017,75717,90718,54719,75823,89325,46028,45730,46534,13538,739
42,67047,44754,60152,63057,04856,12253,67154,83459,63462,204
64,68064,02362,41262,61864,02263,77463,96463,94363,95863,891
64,61964,71964,31763,73763,66862,412
62,19962,64362,91463,28363,29163,04563,03562,54762,42662,16763,09762,618
15,53918,31517,40518,07017,90218,66420,19520,14320,00920,901
21,44922,37523,60724,25324,98926,01828,13429,75031,82833,547
34,94836,43138,05443,30756,13257,11862,64867,50173,51081,423
90,42796,970111,408112,525118,186116,587110,663117,299126,020130,846139,080137,231141,521141,571
136,645137,289137,805138,147139,191139,283
140,393141,589141,891142,186141,648141,521
142,292142,198142,690143,264143,857143,812143,624143,704143,118142,669142,295141,571
8,3178,1678,5568,9718,7758,6769,094
9,0979,5059,83610,00910,16710,48711,19711,76012,32812,753
13,16813,68614,67718,14723,74423,56525,84727,38729,61932,814
36,60638,16544,03944,81645,69244,08742,30945,28749,03049,632
51,60651,55652,19451,976
51,24951,36251,49651,65151,82152,18852,61652,47152,55452,52852,13752,194
52,28652,12152,32952,67252,96553,05552,64752,59452,48952,25952,36351,976
2,4722,4402,5712,7212,8642,8272,942
2,9473,1083,3043,4203,5313,8254,2264,4314,8525,120
5,2715,6785,9986,7298,1898,8349,92910,96112,08513,910
15,88416,19418,61218,69119,32819,44518,12419,27920,44621,26122,44721,88622,88723,46122,10322,23322,25922,48022,47422,529
22,50622,77322,90322,81722,75922,887
22,96223,16123,12823,09922,99023,097
23,20223,28023,32923,43723,47723,461
7,4097,4157,6668,6228,6248,5068,865
9,4059,76210,46710,82411,29111,70612,71113,55914,64815,674
16,50917,06717,37918,43124,19924,71926,87229,15331,80634,699
37,93742,61148,75749,01853,16653,05550,23052,73356,54459,95365,02763,78966,44066,134
63,29363,69464,05064,01664,89664,56665,27166,34566,43466,84166,75266,440
67,04466,91667,23367,49367,90267,660
67,77567,83067,30066,97366,45566,134
1 Annual data are averages of monthly not seasonally adjusted figures.2 Seasonally adjusted, end of period. Data beginning 1982 are not comparable with data for prior periods.
Note.—Data beginning 1958 are not strictly comparable with earlier data.
Source: Department of Commerce, Bureau of the Census.
333Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-58.—Manufacturers' new and unfilled orders, 1950-93
[Amounts in millions of dollars; monthly data seasonally adjusted]
Year or month
19501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993"1992 Jan
FebMarAprMayJuneJulyAugSeptOctNovDec
1993 JanFebMarMayJuneJulyAugSeptOctNov"Dec ".
New ordersl
Total
20 11023,90723 20423 58622,33527 46528,36827 55927,19330,71130,23231,11233,44035 51138,24042,13746,42047 06750,65753,99052,02255,92164,18276,00387,32785,13999,513115,109131,629147,604156,359168,025162,140175,451192,879195,706195,204209,389227,026235,932240,646234,354241,545255,719233,924234,439239,462241,747238,933243,914241,079237,230240,685244,882243,106256,727253,626257,250253,007252,369248,335255,462250,566253,461255,309258,270262,773266,019
Durable goodsindustries
Total
1016512,84112 0611214710,76814 99615,3651411113,38715,97915,28815,75317,36318 67120,50723,28626,16325 80328,05129,87627,34029,90535,03842,62746,86241,95751,30761,03572,27879,48379,39283,65478,06488,140100,164102,356103,647110,809121,445124,933123,556117,878122,614133,300118,996118,369121,882123,221120,522123,746119,846120,007120,608125,656123,096134,348131,266134,533129,903129,838126,783132,252128,520131,752133,176136,613139,675142,658
Capitalgoodsindus-tries,non-
defense
6,3147,0466,0726,6827,7459,92611,5949,88611,49013,68117,58821,15421,13521,80619,21319,62423,66924,54523,98326,09530,72932,72532,25429,46829,65331,90129,46028,89731,65529,65329,77830,16828,73227,48629,80130,12926,80432,27528,64532,74829,12230,45329,93133,85030,09331,99230,99232,82534,87835,366
Non-durablegoods
industries
9 94511,066111431143911,56612 46913,00313 44813,80514,73214,94415,35916,07816 84017,73218,85120,2582126522,60624,11424,68226,01629,14433,37640,46543,18148,20654,07359,35168,12176,96784,37184,07787,31192,71593,35191,55798,579105,581110,999117,090116,476118,932122,419114,928116,070117,580118,526118,411120,168121,233117,223120,077119,226120,010122,379122,360122,717123,104122,531121,552123,210122,046121,709122,133121,657123,098123,361
Unfilled orders2
Total
4145667,26675 85761 17848,26660 00467,3755318346,60951,71744,21346,62447,79853 41764,51878,24996,846103 711108,377114,341105,008105,247119,349156,561187,043169,546178,128202,024259,169303,593327,416326,547311,887347,273373,529387,095393,412430,288471,951510,459524,846511,122475,304442,111509,807505,165502,616501,657498,786496,241491,061486,575481,182480,605475,186475,304476,085476,535470,563467,818462,146459,309458,195455,100450,321448,120445,319442,111
Durablegoods
industries
35 43563^39472 68058'63745,25056 24163,88050 35243,80748,36941,65043,58245,17050 34661,31574,45993,00299 735104,393110,161100,412100,225113,034149,204181,519161,664169,857193,323248,281291,321315,202314,707300,798333,114359,651372,027376,622408,602450,002488,780502,914487,892452,383420,646486,715482,219479,436478,408475,817473,397468,160463,921458,656457,887452,263452,383452,844453,244447,610444,685439,161436,371435,634432,865428,520426,980423,990420,646
Non-durablegoods
industries
6 0213,8723 1772 5413,0163 7633,4952 8312,8023,3482,5633,0422,6283 0713,2033,7903,8443,9763,9844,1804,5965,0226,3157,3575,5247,8828,2718,70110,88812,27212,21411,84011,08914,15913,87815,06816,79021,68621,94921,67921,93223,23022,92121,46523,09222,94623,18023,24922,96922,84422,90122,65422,52622,71822,92322,92123,24123,29122,95323,13322,98522,93822,56122,23521,80121,14021,32921,465
Unfilled orders—shipments
Total
3.423.633.873 353.022.942.712.582.642 742.993.253.743.663.793.713.613.323.263.804.093.693.243.243.573.893.853.873.843.533.603.673.593.633.644.004.144.083.463.044.003.923.843.843.863.743.713.753.653.653.573.463.563.513.423.463.423.333.413.303.223.213.123.04
IdllU"
Durablegoods
industries
4.124.274.554.003.623.473.293.083.183.313.593.864.484.374.584.454.364.003.854.514.934.453.883.854.204.624.584.684.744.294.374.464.404.424.454.915.135.064.213.644.914.814.714.714.754.584.564.594.464.474.354.214.354.274.144.204.154.024.173.993.893.893.753.64
Non-durablegoodsindus-tries
0.961.121.04.85.85.92.71.78.68.72.71.79.75.73.69.69.76.76.86.91.62.82.74.71.81.82.75.69.62.69.64.68.70.83.76.78.76.81.77.72.81.80.80.80.79.78.77.79.78.78.78.77.79.79.78.79.78.78.76.76.73.71.72.72
1 Annual data are averages of monthly not seasonally adjusted figures.2 Seasonally adjusted, end of period.3 Ratio of unfilled orders at end of period to shipments for period; excludes industries with no unfilled orders. Annual figures relate
to seasonally adjusted data for December.
Note.—Data beginning 1958 are not strictly comparable with earlier data.
Source: Department of Commerce, Bureau of the Census.
334Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PRICES
TABLE B-59.—Consumer price indexes for major expenditure classes, 1950-93
[For all urban consumers; 1982-84=100]
Year ormonth
19501951 ,19521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983..19841985.198619871988198919901991199219931992:Jan
FebMarAprMayJune....JulyAugSept....OctNovDec
1993:JanFebMarAprMayJune....JulyAugSept....OctNovDec
All items(CPI-U)
24.126.026 526.726.926.827.228.128.929.129.629.930.230.631.031.532.433 434.836.738.840.541.844.449.353.856.960.665.272.682 490.996 599.6
103.9107.6109.6113.6118.3124.0130.7136.2140 3144.5138.1138.6139.3139.5139.7140.2140.5140.9141.3141.8142.0141.9142.6143.1143.6144.0144.2144.4144.4144.8145.1145.7145.8145.8
Food andUcvcFdgcS
Totall
35036.238.140.141.443.148.855.560.262.165.872.279.986 793.597.399.5
103.2105.6109.1113.5118.2124.9132.1136.8138 7141.6137.9138.1138.8138.8138.3138.3138.1138.8139.3139.2139.1139.5140.5140.7140.9141.4141.8141.1141.1141.5141.8142.3142.6143.3
Food2
25 428.228 728.328.227.828.028.930.229.730.030.430.631.131.532.233.834135.337.139.240.442.148.255.159.861.665.572.079.986 893.697 499.4
103.2105.6109.0113.5118.2125.1132.4136.3137 91409137.2137.5138.1138.1137.4137.4137.2138.0138.5138.3138.3138.7139.8139.9140.1140.6141.1140.4140.3140.8141.1141.6141.9142.7
Housing
Total
30832.034.036.438.039.441.245.850.753.857.462.470.181190.496.999.5
103.6107.7110.9114.2118.5123.0128.5133.6137 5141.2135.7136.1136.6136.5136.7137.7138.3138.6138.4138.5138.5138.5139.3139.7140.2140.4140.5141.5141.9142.3142.3142.2142.0142.3
Shel-ter 2
22.022.511123.124.024 524.725 225.425.826.126.527.027.828 830.132.635.537.038.740.544.448.851.554.960.568.981090.596.999.1
104.0109.8115.8121.3127.1132.8140.0146.31512155.7149.2149.8150.4150.2150.2151.1151.8152.3151.9152.5152.4152.5153.7154.4154.8155.0154.9155.7156.3156.8156.6156.8156.7157.1
Fuel andother
utilities2
22 522.623.023.624.324 825.426 026.326.326.626.626.626.727 127.428.029.131.132.534.340.745.449.454.758.564.875 486.494.9
100.2104.8106.5104.1103.0104.4107.8111.6115.3117 8121.3116.2115.9115.8115.8116.8119.0119.4119.4119.8118.5118.3118.7119.2118.4119.5119.6120.5122.9123.2123.3123.9122.4121.2121.7
UmiooHouse-hold
furnish-ingsand
oper-ation
42 043.645.246.848.649.751156.863.467.370.474.779.986 393.098 0
100.2101.9103.8105.2107.1109.4111.2113.3116.0118 0119.3116.7117.3117.7118.0117.9118.2118.4118.3118.3118.4118.5118.2118.2118.6118.7119.2119.1119.1118.8119.2119.6120.0120.3120.3
Appareland
upkeep
40 343 943 543143.142.943.744.544.645.045 746.146.346.947.347.849.051053.756.859.261.162.364.669.472.575.278.681.484.990 995.397.8
100.2102.1105.0105.9110.6115.4118.6124.1128.71319133.7127.9130.2133.4133.3133.1131.0129.2130.2133.3135.0134.5131.4129.7133.4136.2136.9135.0131.9129.4131.9134.6136.1136.2132.6
Trans-por-ta-
tion2
22 724125 726 526.125.826.227.728.629.829 830.130.830.931431.932.333 334.335.737.539.539.941.245.850.155.159.061.770.583193.297.099.3
103.7106.4102.3105.4108.7114.1120.5123.8126 5130.4124.5124.1124.4125.2126.3126.9127.2126.9126.8128.0129.2129.0129.1129.2129.0129.4130.2120.3130.3130.2130.1131.8132.6132.1
Medicalcare2
15 115916 717317 818 218.919.720 621.522 322 923.524.124 625.226.328 229.931.934.036.137.338 842.447.552.057.061.867.574 982.992 5
100.6106.8113.5122.0130.1138.6149.3162.8177.0190 1201.4184.3186.2187.3188.1188.7189.4190.7191.5192.3193.3194.3194.7196.4198.0198.6199.4200.5201.1202.2202.9203.3204.4204.9205.2
Enter-tainment
40 743.045.247.550.051.552.956.962.065.168.371.976.783 690.196.0
100.1103.8107.9111.6115.3120.3126.5132.4138.4142 3145.8140.1140.7141.2142.0142.0142.0142.4142.6143.2143.5143.7143.8144.3144.5144.8145.3145.0145.5145.3145.8146.6147.3147.7147.8
Othergoodsand
services
35 136.938.740.942.944.746.449.853.957.060.464.368.975 282.691.1
101.1107.9114.5121.4128.5137.0147.7159.0171.6183 3192.9178.6179.4179.8180.3181.3181.5182.3183.9187.0187.9188.0189.1191.0191.5192.0192.4193.2193.1193.7193.4193.1193.4193.8194.2
Ener-gy 3
21.521.521.922.422.522.622.622.522.923.323 824.224.825.526.527.229.438.142.145.149.452.565.786.097.799 299.9
100.9101.688.288.689.394.3
102.1102.5103.0104.2100.199.098.999.5
102.4105.9106.0105.4105.9104.5104.5103.9103.4102.2102.5103.1104.4106.5105.8105.2105.2105.4103.7102.4
1 Includes alcoholic beverages, not shown separately.2 See table B-60 for components.3 Household fuels—gas (piped), electricity, fuel oil, etc.—and motor fuel. Motor oil, coolant, etc. also included through 1982. See
table B-60 for the components.Note.—Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs.Source: Department of Labor, Bureau of Labor Statistics.
335Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-60.—Consumer price indexes for selected expenditure classes, 1950-93
[For all urban consumers; 1982-84 = 100, except as noted]
Year or month
1950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992.1993
1992: JanFeb ..MarAprMayJuneJulyAugSeptOctNovDec
1993: JanFebMarAprMayJuneJulyAugSeptOct.NovDec
Food and beverages
Total »
35.036.238.140141.443148.855 560.262 165 872.279.986.793.597.399.5103.2105.61091113.5118.2124.9132.1136.8138 7141.6
137.91381138.8138.8138.3138.3138.1138.8139.3139 2139.1139.5140.5140.7140.91414141.8141.1141.1141.5141.8142.3142.6143.3
Food
Total
25 428.228 728 328.227 828 028 930.229.730.030 430.631131.532 233.834.135.337.139 240.442.148.255.159.861.665 572.079.986.893.697.499.4103.2105.6109 0113.5118.2125.1132.4136.3137.9140.9
137.2137.5138.1138.1137.4137.4137.2138.0138.5138 3138.3138.7139.8139.9140.1140 6141.1140.4140.3140.8141.1141.6141.9142.7
Athome
27 330.330 830 330129 529 630 632.031.231.531832.032 432.733 535 235.136.338.039 940.942.749.757.161.863.166 873.881.888.494.898.199.1102.8104.3107.3111.9116.6124.2132.3135.8136.8140.1
136.4136 6137.5137.4136.2136.1135.7136.9137.4137 2137.0137.5139.1139.1139.4140 0140.7139.3139.1139.7140.0140.8141.2142.3
Awayfromhome
21 521922122.623 424.124.825.426 026.727 327.828 429 731.332.934.937 539.441044.249.854.558.262 668.375.983.490.995.8100.0104.2108.3112 5117.0121.8127.4133.4137.9140.7143.2
139.7139.9140.1140.2140.4140.7140.8141.0141.21413141.5141.6142.0142.2142.4142 7142.9143.2143.4143.6143.8144.0144.2144.3
Shelter
Total
22 022 522 723 124 024 524.725.225 425.826 126.527 027 828.830.132.635 537.038.740.544 448.851554 960.568.981.090.596 999.1104.0109.8115 8121.3127.1132.8140.0146.3151.2155.7
149.2149 8150.4150.2150.2151.1151.8152.3151.9152 5152.4152.5153.7154.4154.8155 0154.9155.7156.3156.8156.6156.8156.7157.1
Renters
Total2
"'iifto108.6115.41219128.1133.6138.9146.7155.6160.9165.0
158.8160.2161.2160.1159.5161.0162.8163.5161.71617160.6160.2162.5164.4165.2164 9164.2165.2166.8167.3165.3165.4164.4164.4
costs
Rent,resi-
dential
29 730.932 233 935.135 636.337 037 638.238.739 239.740 140.540 941542.243.344.746 548.750.452.555 258.061 164 869.374.380.987.994.6100.1105.3111.81183123.1127.8132.8138.4143.3146.9150.3
145.4145.6146.4146.2146.3146.6147.0147.0147.2148 0148.6148.6148.9149.1149.1149 7149.9150.3150.4150.8151.0151.4151.6151.9
Home-owners'costs 2
""102:5107.3113.11194124.8131.1137.3144.6150.2155.3160.2
153.2153 5154.1154.2154.4155.0155.5155.8156.0156 8157.2157.5158.2158.5158.7159 2159.4160.1160.3160.8161.4161.6162.0162.5
Mainte-nanceand
repairs
20 520.921422.323 223 624.024.424 825.025 325.826 327.528.930.633.235 838.640.643.649.554.157.662 067.274.082.490.796.499.9103.7106.5107.9111.8114.7118.0122.2126.3128.6130.6
128.0128.3128.4128.0128.1128.5128.8128.1128.5129.4129.5129.3129.7130.5131.51318131.6131.2131.3131.6131.3130.8127.9127.6
Fuel and other utilities
Total
22 522.623 023 624 324.825.426.026 326.326 626.626 626 727.127.428.029 131.132 534.340 745.449.454 758.564.875.486.494 9100.2104.8106.5104 1103.0104.4107.8111.6115.3117.8121.3
116.2115 9115.8115.8116.8119.0119.4119.4119.8118 5118.3118.7119.2118.4119.5119 6120.5122.9123.2123.3123.9122.4121.2121.7
Fuels
Total
"'21.4'21.722.123124.725 727.534.439.443.349 053.061.374.887.295.6100.5104 0104.599.297.398.0100.9104.5106.7108.1111.2
106.6105.9105.2105.1106.5110.2110.4110.3111.1108.7108.2108.9109.2107.5108.6108 8110.3114.1114.2114.1114.8112.1110.1110.7
Fuel oilandotherhouse-holdfuelcom-
modities
11 311.812 112 612.612 713.314 013.713.913.814 114.214 414.414 615.015.516.016.317 018.218.321.133.236.438.843 946.262.486.1104.6103.497.299.495.977.677.978.181.799.394.690.790.3
92.091.590.589.989.890.190.089.789.791.492.191.892.392.592.892 691.390.489.187.887.989.189.488.3
Gas(piped)andelec-tricity(energyserv-ices)
19 219.319 519.920.220.720.921.121.922.423.323 523.523 523.523 523.623.723.924.325 427.128.529.934.540.144.750 555.061.071.481.993.2101.5105.4107.1105 7103.8104.6107.5109.3112.6114.8118.5
112.8112 0111.5111.3113.0117.4117.6117.5118.5115 4114.8115.6115.9113.8115.1115 3117.3122.0122.2122.2123.1119.7117.3118.1
Otherutilitiesand
publicservices
A6£47.148.450 053.456 257.860.763.967.770 873.774.377.084.393.399.5107.2112.1117.9120.1122.9127.1131.7137.9142.5147.0
140.5141.2141.7142.2142.4142.2143.1143.3143.0143 4143.7143.6144.3145.3146.3146 2146.3146.5147.1147.8148.1148.4148.6148.8
1 Includes alcoholic beverages, not shown separately.2 December 1982 = 100.See next page for continuation of table.
336Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-60.—Consumer price indexes for selected expenditure classes, 1950-93—Continued
[For all urban consumers; 1982-84=100, except as noted]
Year or month
Transportation
Total
Private transportation
Total3 Newcars
Usedcars
Motorfuel4
Auto-mobilemainte-nanceand
repair
Other
Publictranspor-
tation
Medical care
Total
Medicalcarecom-
modities
Medicalcare
services
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983198419851986198719881989
1990199119921993
1992: JanFebMarAprMayJune
July •AugSeptOctNovDec
1993:JanFebMarAprMayJune
JulyAugSeptOctNovDec
22.724.125.726.526.125.826.227.728.629.829.830.130.830.931.431.932.333.334.335.737.539.539.941.245.850.155.159.061.770.583.193.297.099.3103.7106.4102.3105.4108.7114.1
120.5123.8126.5130.4
124.5124.1124.4125.2126.3126.9127.2126.9126.8128.0129.2129.0129.1129.2129.0129.4130.2130.3130.3130.2130.1131.8132.6132.1
24.525.627.327.827.126.727.128.629.530.830.630.831.431.632.032.532.933.834.836.037.539.439.741.046.250.655.659.762.571.784.293.897.199.3103.6106.2101.2104.2107.6112.9118.8121.9124.6127.5
122.5122.0122.2122.9124.3125.4125.5125.4125.4126.1127.0126.7126.6126.5126.3126.8127.5127.6127.4127.3127.1129.0129.5128.6
41.143.146.847.246.544.846.148.550.052.251.551.551.351.050.949.748.849.350.751.553.055.254.754.857.962.966.970.475.881.888.493.797.499.9
102.8106.1110.6114.6116.9119.2121.0125.3128.4131.5
128.0128.1128.2128.2128.4128.2127.8127.6127.4128.2129.7130.5130.9130.9130.9131.1131.3131.0130.9130.8130.6131.9133.4134.2
26.722.721.520.723.224.026.825.026.028.428.730.029.829.029.9
31.233.033.135.236.743.850.354.755.860.262.376.988.898.7
112.5113.7108.8113.1118.0120.4117.6118.1123.2133.9
117.8116.1115.7117.9120.5123.1124.8126.4127.7129.1129.9129.0127.4126.0126.6128.7131.5134.3136.1137.5138.7139.8140.7139.3
19.019.520.021.221.822.122.823.823.423.724.424.124.324.224.125.125.626.426.827.627.928.128.431.242.245.147.049.751.870.197.4
108.5102.899.497.998.777.180.280.988.5
101.299.499.098.0
94.592.993.495.099.4
102.9102.8101.7101.7101.6102.2100.2
98.698.097.398.499.799.898.197.096.199.798.494.8
18.920.420.822.022.723.224.225.025.426.026.527.127.527.828.228.729.230.432.134.136.639.341.143.247.653.757.661.967.073.781.589.296.0
100.3103.8106.8110.3114.8119.7124.9130.1136.0141.3145.9
139.0139.7140.3140.5140.8141.2141.4141.6142.2142.5142.8143.2143.4144.3144.7145.2145.4145.8146.2146.2146.8147.1147.4147.7
37.939.241.645.248.648.948.450.253.561.867.269.975.284.391.497.798.8
103.5109.0115.1120.8127.9135.8142.5149.1153.2156.8
152.4152.2152.2152.4152.5152.6153.0153.1152.7154.4155.3155.5156.5156.8156.3156.1156.1155.8156.0156.4156.1157.8159.1159.0
13.414.815.816.818.018.519.219.920.921.522.223.224.024.324.725.226.127.428.730.935.237.839.339.740.643.547.850.051.554.969.085.694.999.5
105.7110.5117.0121.1123.3129.5142.6148.9151.4167.0
151.5150.7153.5154.7151.6145.3148.3146.7145.6152.9157.4158.2161.6164.1163.5162.8165.5164.5167.7168.1168.4168.2173.0176.5
15.115.916.717.317.818.218.919.720.621.522.322.923.524.124.625.226.328.229.931.934.036.137.338.842.447.552.057.061.867.574.982.992.5
100.6106.8113.5122.0130.1138.6149.3162.8177.0190.1201.4
184.3186.2187.3188.1188.7189.4190.7191.5192.3193.3194.3194.7196.4198.0198.6199.4200.5201.1202.2202.9203.2204.4204.9205.2
39.740.841.241.542.042.543.444.646.146.846.946.345.645.245.145.045.144.945.045.446.547.347.447.549.253.356.560.264.469.075.483.792.3
100.2107.5115.2122.8131.0139.9150.8163.4176.8188.1195.0
183.0185.1186.7187.9187.6188.0188.6188.9189.5189.8190.4191.1191.8193.2193.9193.7194.2194.7195.7196.1196.2196.6196.6197.0
12.813.414.314.815.315.716.317.017.918.719.520.220.921.522.022.723.926.027.930.232.334.735.937.541.446.651.356.461.267.274.882.892.6
100.7106.7113.2121.9130.0138.3148.9162.7177.1190.5202.9
184.6186.4187.4188.1188.9189.7191.1192.2192.9194.2195.2195.6197.5199.1199.7200.7202.0202.6203.8204.5205.0206.2206.8207.1
3 Includes other new vehicles, not shown separately. Includes direct pricing of new trucks and motorcycles beginning September1982.
4 Includes direct pricing of diesel fuel and gasohol beginning September 1981.5 Not available.
Note.—See Note, Table B-59.
Source: Department of Labor, Bureau of Labor Statistics.
337Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-61.—Consumer price indexes for commodities, services, and special groups, 1950-93
[For all urban consumers; 1982-84 = 100, except as noted]
Year or month All items(CPI-U)
Commodities
Allcom-
moditiesFood
Com-modities
lessfood
Services
Allservices
Medi-cal
careserv-ices
Serv-icesless
medi-cal
careserv-ices
Special indexes
Allitemslessfood
Allitemsless
energy
Allitemslessfoodand
energy
Allitemslessmedi-calcare
CPI-U-X1(all items)(Dec. 1982= 97.6)J
195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931992: Jan
FebMar
ffljZZZZ.JuneJulyAugSeptOctNovDec
1993:JanFebMar
May'.'.".'.'.'.!"'.!JuneJulyAugSeptOctNovDec
24.126.026.526.726.926.827.228.128.929.129.629.930.230.631.031.532.433.434.836.738.840.541.844.449.353.856.960.665.272.682.490.996.599.6103.9107.6109.6113.6118.3124.0130.7136.2140.3144.5138.1138.6139.3139.5139.7140.2140.5140.9141.3141.8142.0141.9142.6143.1143.6144.0144.2144.4144.4144.8145.1145.7145.8145.8
29.031.632.031.931.631.331.632.633.333.333.633.834.134.434.835.236.136.838.139.941.743.244.547.853.558.260.764.268.876.686.093.297.099.8103.2105.4104.4107.7111.5116.7122.8126.6129.1131.5127.2127.6128.4128.8129.1129.2129.0129.3129.9130.3130.5130.1130.4130.9131.4131.9132.0131.4130.9131.1131.3132.3132.5132.0
25.428.228.728.328.2127.828.0!28.930.229.730.030.430.631.131.532.233.834.135.337.139.240.442.148.255.159.861.665.572.079.986.893.697.499.4103.2105.6109.0113.5118.2125.1132.4136.3137.9140.9137.2137.5138.1138.1137.4137.4137.2138.0138.5138.3138.3138.7139.8139.9140.1140.6141.1140.4140.3140.8141.1141.6141.9142.7
31.433.834.134.233.833.633.934.935.335.836.036.136.336.636.937.237.738.640.041.743.445.146.147.752.857.660.563.867.575.385.793.196.9100.0103.1105.2101.7104.3107.7112.0117.4121.3124.2126.3121.6122.1123.0123.5124.4124.5124.3124.3125.1125.7126.1125.3125.1125.8126.4127.0126.9126.3125.5125.7125.9127.1127.3126.1
16.917.818.619.420.020.420.921.822.623.324.124.525.025.526.026.627.628.830.332.435.037.038.440.143.848.052.056.060.867.577.988.196.099.4104.6109.9115.4120.2125.7131.9139.2146.3152.0157.9149.6150.1150.7150.8150.9151.7152.5153.0153.2153.7154.0154.2155.2155.8156.2156.5156.9157.8158.4159.0159.3159.5159.6160.0
12.813.414.314.815.315.716.317.017.918.719.520.220.921.522.022.723.926.027.930.232.334.735.937.541.446.651.356.461.267.274.882.892.6100.7106.7113.2121.9130.0138.3148.9162.7177.1190.5202.9184.6186.4187.4188.1188.9189.7191.1192.2192.9194.2195.2195.6197.5199.1199.7200.7202.0202.6203.8204.5205.0206.2206.8207.1
22.823.624.225.025.425.926.326.827.428.329.330.832.935.637.538.940.644.348.352.255.960.767.578.288.796.499.2104.4109.6114.6119.1124.3130.1136.8143.3148.4153.6146.3146.6147.1147.2147.3148.1148.8149.2149.4149.9150.1150.3151.2151.7152.1152.3152.6153.6154.1154.7155.0155.1155.2155.6
23.825.325.926.426.626.627.128.028.629.229.730.030.330.731.131.632.333.434.936.839.040.842.043.748.052.556.059.663.971.281.590.496.399.7
104.0108.0109.8113.6118.3123.7130.3136.1140.8145.1138.3138.8139.5139.7140.1140.7141.1141.4141.8142.4142.7142.5143.1143.7144.2144.6144.8145.1145.2145.6145.9146.4146.6146.4
28.929.729.930.430.731.131.532.032.533.534.435.938.040.342.043.446.150.655.158.261.966.773.481.990.196.199.6
104.3108.4112.6117.2122.3128.1134.7140.9145.4150.0143.3144.0144.7144.9144.9145.0145.3145.8146.2146.9147.1147.1
147.9148.7149.1149.5149.6149.6149.7150.3150.6151.2151.5151.7
28.929.630.230.631.031.431.832.332.733.534.736.338.440.842.744.045.649.453.957.461.065.571.980.889.295.899.6
104.6109.1113.5118.2123.4129.0135.5142.1147.3152.2144.9145.6146.4146.6146.7146.9147.3147.7148.1149.0149.3149.2149.9150.8151.4151.7151.7151.8152.0152.6152.9153.5153.9153.9
28.729.529.830.230.530.831.131.532.033.033.735.137.039.240.842.144.849.854.357.260.865.472.982.891.496.899.6
103.7107.2108.8112.6117.0122.4128.8133.8137.5141.2135.5135.9136.5136.7136.9137.4
137.6138.0138.4138.8139.0138.9139.5140.0140.4140.8141.0141.1141.1141.6141.8142.3142.5142.5
26.228.328.829.029.229.129.630.531.431.632.232.532.833.333.734.235.236.337.739.441.343.144.447.251.956.259.463.267.574.082.390.195.699.6
103.9107.6109.6113.6118.3124.0130.7136.2140.3144.5
1 CPI-U-X1 is a rental equivalence approach to homeowners' costs for the consumer price index for years prior to 1983, the firstyear for which the official index (CPI-U) incorporates such a measure. CPI-U-X1 is rebased to the December 1982 value of the CPI-U(1982-84 = 100); thus it is identical with CPI-U data for December 1982 and all subsequent periods. Data prior to 1967 estimated bymoving the series at the same rate as the CPI-U for each year.
Note.—See Note, Table B-59.Source: Department of Labor, Bureau of Labor Statistics.
338Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-62.—Changes in special consumer price indexes, 1958-93
[For all urban consumers; percent change]
Year or month
1958. .195919601961196219631964
196519661967.1968196919701971197219731974
1975197619771978197919801981198219831984198519861987198819891990199119921993
1992-JanFebMarAorMayJuneJulyAugSeptOctNovDec
1993:JanFebMarAprMay
JJuneJulyAugSeptOctNovDec
All items(CPI-U)
Dec.to
Dec1
181.714.7
131.61.0193.5304.76.25.6333.48.7
12.36.9496.790
13.312 58.93.83.83.93.81.14.4444.66.13.1292.7
Yearto
year
28.7
1 71.01 0131.3162.9314.25.55.7443.26.2
11.0
9.1586.576
11.313 510.36.23.24.33.61.93.64 14.85.44.2303.0
All items lessfood
Dec.to
Dec 1
1 82.1101.310161.01635335.05.66.6302.95.6
12.27.36 16.483
14.013 09.84.14.13.94.1
.54.6424.56.33.3322.7
Yearto
year
2 12.1171.010131.3162.2344.55.46.0462.94.09.89.4676.472
11.414 510.96.53.54.33.81.73.54 14.65.34.53 53.1
All items lessenergy
Dec.to
Dec 1
2 11.31.3
13191.31 934324.96.55.4343.58.2
11.7
66486.79 1
11.11178.54.24.54.44.03.84.1474.65.23.9303.1
Yearto
year
28.7
171.013131.61631274.45.86.1423.36.29.88.9566.478
10.011 610.06.73.64.73.93.94.1444.7
5.24.6323.2
All items less foodand energy
Dec.to
Dec 1
1 72.0101.31 3161.21 533385.16.26.63 13.04.7
11.167616.585
11.312 29.54.54.84.74.33.84.2474.45.24.4333.2
Yearto
year
242.0131.31 3131.61224364.65.86.3473.03.68.39.1656.3749.8
12 410.47.44.05.04.34.04.1444.55.04.9373.3
All items lessmedical care
Dec.to
Dec.1
171.4
13.3
13161.0193.4274.76.15.2323.49.1
12.26.74 56.79 1
13.4
12 58.83.63.63.93.5
.74.3424.55.92.7272.6
Yearto
year
2.81.0131.01.01.01.31.63.12.14.25.45.9413.26.4
11.29.05.36.37.6
11.513.610.45.92.94.13.41.53.53.94.65.23.92.82.7
Percent change from preceding period
Unad-justed
0.1.4.51
.1
.4
.23.3.4.1
_ . l.5.4.3.31
.10
.3
.2
.4
.10
Sea-sonally
ad-justed
0.3.2.4.3.1.2.32.1.4.2.1.5.3.1.4.1
0.1.3
0.4.2.2
Unad-justed
01.4.51
.3
.4
.32.3.4.2
- . 1.4.4.3.3.1.2.1.3.2.3.1
- . 1
Sea-sonally
ad-justed
0.3.2.4.3.3.3.31
.1
.5
.3
.1
.4
.4
.2
.3
.1
.1
.1
.30
.4
.1
.1
Unad-justed
04.5.5.1
0.1.23.3.5.1
0.5.5.3.3.1
0.1.4.2.4.2.1
Sea-sonally
ad-justed
0.3.3.3.2.1.2.23.1.4.2.2.5.4.1.4.2.1
.1
.30
.3
.3
.3
Unad-justed
0 3.5.5.1.1.1.3.3.3.6.2
- . 1.5.6.4.2
0.1
.1
.4
.2
.4
.30
Sea-sonally
ad-justed
0.4.3.3.3.3.1.3.2.1.5.3.2.5.5.1.4.2.1
.1
.3
.1
.3
.3
.3
Unad-justed
0.1.3.4.1.1.4.1.3.3.3.1
- . 1.4.4.3.3.1.1
0.4.1.4.1
0
Sea-sonally
ad-justed
0.2.2.4.2.1.2.2.2.1.4.2.1.4.4.1.4.1
- . 1
.1
.20
.4
.2
.1
1 Changes from December to December are based on unadjusted indexes.
Note.—See Note, Table B-59.
Source: Department of Labor, Bureau of Labor Statistics.
339Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-63.—Changes in consumer price indexes for commodities and services, 1929-93
[For all urban consumers; percent change]
Year
All items(CPI-U)
Dec.to
Dec1
Yearto
year
Commod-ities
Total
Dec.to
Dec.1
Yearto
year
Food
Dec.to
Dec1
Yearto
year
Serv-ices
Total
Decto
Dec1
Yearto
year
Medical care
Dec.to
Dec1
Yearto
year
Medicalcare2
Dec.to
Dec 1
Yearto
year
Ener-gy3
Dec.to
Dec1
Yearto
year
1929 ...
1933....
1939....
1940....1941....1942...1943....1944....
0.6
-5.1
2.5
6.9
1.2
- 2 . 8
19451946194719481949
1950...1951...1952...1953...1954...
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993
.79.99.03.02.3
2.218.18.83.0
- 2 . 1
5.96.0
.8
.7- . 7
.43.02.91.81.7
1.4.7
1.31.61.0
1.93.53.04.76.2
5.63.33.48.7
12.3
6.94.96.79.0
13.3
12.58.93.83.83.9
3.81.14.44.44.6
6.13.12.92.7
- 1 . 4
.75.0
10.96.11.7
2.38.3
14.48.1
-1 .2
1.37.91.9.8.7
— 41.53.32.8
.7
1.71.01.01.31.3
1.62.93.14.25.5
5.74.43.26.2
11.0
9.15.86.57.6
11.3
13.510.36.23.24.3
3.61.93.64.14.8
5.44.23.03.0
- 0 . 7
1.413.312.94.22.0
2.924.810.3
1.7- 4 . 1
7.85.9
_ 9
- . 32.62.81.2.6
1.20
.91.5.9
1.42.52.54.05.4
3.92.83.4
10.412.8
6.23.36.18.8
13.0
11.06.03.62.92.7
2.5- 2 . 0
4.63.84.1
6.61.22.01.5
- 2 . 0
.76.7
14.59.31.0
3.010.620.5
7.2-2 .7
.79.01.3
- . 3- . 9
- . 91.03.22.10
.9
.6
.9
.91.2
1.12.61.93.54.7
4.53.63.07.4
11.9
8.84.35.87.2
11.3
12.38.44.12.93.4
2.1_ g
3̂ 23.54.7
5.23.12.01.9
- 2 . 5
2.515.717.93.00
3.531.311.3- . 8
- 3 . 9
9.87.1
- 1 . 0- 1 . 1- 1 . 8
- . 72.92.82.4
- 1 . 0
3.1- . 71.32.01.3
3.54.01.24.47.0
2.34.34.6
20.312.0
6.6.5
8.111.810.2
10.24.33.12.73.8
2.63.83.55.25.6
5.31.91.52.9
- 2 . 5
1.79.2
17.611.0
-1 .2
2.414.521.7
8.3- 4 . 2
1.611.01.8
-1 .4- . 4
-1 .4.7
3.24.5
-1 .7
1.01.3.7
1.61.3
2.25.0
.93.55.1
5.73.14.2
14.514.3
8.53.06.39.9
11.0
8.67.84.12.13.8
2.33.24.14.15.8
5.82.91.22.2
2.42.32.32.2
.73.65.65.93.7
3.65.24.44.22.0
2.03.44.22.73.9
2.52.11.62.41.6
2.74.84.35.87.7
8.14.13.46.2
11.4
8.27.28.09.3
13.6
14.213.04.34.85.4
5.14.54.34.85.1
5.74.63.63.8
3.12.32.2
1.51.44.36.15.1
3.05.34.54.33.1
2.02.54.33.73.1
3.41.72.02.02.0
2.33.84.35.26.9
8.05.73.84.49.2
9.68.37.78.6
11.0
15.413.19.03.55.2
5.15.04.24.64.9
5.55.13.93.9
1.2
01.23.55.63.2
3.19.06.46.91.6
4.05.35.83.42.6
3.23.84.84.64.9
3.73.52.92.82.3
3.68.38.07.17.3
8.15.43.76.0
13.2
10.310.89.09.3
10.5
10.112.611.26.25.8
6.87.95.66.98.6
9.98.07.05.9
1.2
003.54.54.3
3.15.18.77.13.3
2.44.76.73.53.4
2.63.84.35.34.5
4.33.63.52.92.3
3.25.38.87.38.2
7.07.43.54.5
10.4
12.610.19.98.59.8
11.310.711.88.76.0
6.17.76.66.47.7
9.38.97.66.5
1.0
01.03.84.62.6
2.68.36.95.81.4
3.45.84.33.52.3
3.33.24.74.53.8
3.23.12.22.52.1
2.86.76.36.26.2
7.44.63.35.3
12.6
9.810.08.98.8
10.1
9.912.511.06.46.1
6.87.75.86.98.5
9.67.96.65.4
1.002.94.73.6
2.65.08.06.72.8
2.05.35.03.62.9
2.23.84.24.64.4
3.72.72.62.62.1
2.44.47.26.06.7
6.66.23.34.09.3
12.09.59.68.49.2
11.010.711.68.86.2
6.37.56.66.57.7
9.08.77.45.9
- 0 . 94.7
1.3- 1 . 3
2.2- . 90
1.81.71.71.72.9
4.83.12.6
17.021.6
11.47.17.27.9
37.5
18.011.91.3
.2
1.8-19.7
8.2
18.1- 7 . 4
2.0- 1 . 4
01.9
2.3.4.4
0- . 4
1.81.72.11.72.5
2.83.92.68.1
29.6
10.57.19.56.3
25.1
30.913.6
1.5.7
1.0
.7-13.2
5.6
8.3.4.5
1.2
1 Changes from December to December are based on unadjusted indexes.2 Commodities and services.3 Household fuels—gas (piped), electricity, fuel oil, etc.—and motor fuel. Motor oil, coolant, etc. also included through 1982.
Note.—See Note, Table B-59.
Source: Department of Labor, Bureau of Labor Statistics.
340Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-64.—Producer price indexes by stage of processing, 1947-93
[1982 = 100]
Year or month
19471948194919501951195219531954195519561957195819591960196119621963 .. ..1964196519661967196819691970197119721973197419751976197719781979198019811982 . ..198319841985198619871988198919901991199219931992-Jan
FebMarAprMay .. .JuneJulyAugSeptOctNovDec
1993-JanFebMarApr .MayJuneJulyAug 1SeptOctNovDec
Finished goods
Totalfinishedgoods
26.428 527.728.230.830.630.330 430.531332.533 233.133.433.433.533.433 534.135 235.636.638.039.340.541.845.652 658.260.864.769 877.688 096.1100.0101.6103.7104.7103.2105.4108.0113.6119.21217123 2124.7121.8122 1122.2122.4123.2123 9123.7123.6123 3124.4124.0123.8124 2124.5124.7125.5125.8125.5125.3124 2123.9124 7124.4124.1
Consumer foods
Total
31.934 932.132.736.736.434.534 233.433 334.436 534.835.535.435.735.335 436.839 238.540.042.443.844.546.956.564 469.869.673.379 987.392 497.8100.0101.0105.4104.6107.3109.5112.6118.7124.4124 1123 3125.7122.5123 4123.3122.8123.1123 1122.8123.4123.3123.8123.4124.2124 3124.5124.8126.5126.9125.4125.0125 4125.6125 5126.7127.2
I
Crude
39.342 440.136.541.944.641.637 539.139138.541037.339.838.038.437.838 939.041539.642.545.946.045.848.063.671671.776.779.585 892.393 9104.4100.0102.4111.4102.9105.6107.1109.8. 119.6123.0119 3107 6114.3109.7118 7115.8105.298.696 397.3104.5104 6113.0110.4117.4114 8114.5113.8126.5125.2102.3100.7107 4107.9105 6123.0129.7
Proc-essed
31.134 031.132.436.235.433.634 032.732 734.136134.735.235.335.635.235 236.839 238.840.042.343.944.747.255.863 970.369.012.179 486.892 397.2100.0100.9104.9104.8107.4109.6112.7118.6124.4124 4124 4126.5123.4123 7123.8124.0124.8125 1124.7124.8124 7124.6124.3124.7125 0125.2125.6126.5127.0127.1126.8126 7126.9126 9127.0126.9
Finished goods excluding consumer foods
Total
35.035.936.938.239.640.442.048 854.758.162.266 774.686 795.6100.0101.8103.2104.6101.9104.0106.5111.8117.4120 91231124.4121.51216121.8122.3123.1124 0123.8123.5123 2124.5124.1123.6124 0124.4124.6125.1125.4125.5125.3123 8123.3124 3123.7123.1
Consumer goods
Total
27.429 228.629.031.130.731.031131.332132.932 933.333.533.433.433.433 333.634 134.735.536.337.438.739.441.248 253.256.560.664 973.587 196.1100.0101.2102.2103.398.5100.7103.1108.9115.3118.7120 8121.7118.8118.8119.0119.6120.91221122.0121.5121.4122.3121.7121.11214121.8122.1122.7123.3123.4123.0120.9120.61212120.3119.4
Durable
32.935 236.136.538.939.239.539 840.241642.843 443.943.843.643.443.143 343.243 444.145.145.947.248.950.050.955 561.063.767.473 680.891096.4100.0102.8104.5106.5108.9111.5113.8117.6120.4123.9125.7128.1125.8125.5125.8125.6125.6125.2125.4125.1123.4127.1127.1126.9127.2127.6127.6127.9127.8127.7127.9127.9126.4129.2129.7129.7
Non-durable
24.225 724.725.127.026.326.626 726.827.327.927.828.228.428.428.428.528 428.829.330.030.631.532.533.534.136.144.048.952.456.860.069.385.195.8100.0100.5101.1101.793.394.997.3103.8111.5115.0117.3117.6114.4114.6114.8115.7117.5119.5119.2118.6119.3118.9118.1117.2117.6117.9118.4119.1119.9120.1119.5116.6116.8116.5114.9113.6
Capitalequipment
19.821.622.723.225.525.926.326 727.429 531.332 132.732.832.933.033.133 433.834 635.837.038.340.141.742.844.250 558.262.166.171.377.585.894.6100.0102.8105.2107.5109.7111.7114.3118.8122.9126.7129.1131.4128.6128.7128.9129.1129.0128.9128.8128.9128.1130.2130.2130.2130.8131.1131.2131.2131.2131.0131.3131.2130.3132.4132.5132.7
i
Tntal
finishedconsumergoods
28.630.829.429.932.732.331.731.731.532.032.933.633.333.633.633.733.533.634.235.435.636.537.939.140.241.546.053.158.260.464.369.477.588.696.6100.0101.3103.3103.8101.4103.6106.2112.1118.2120.5121.7123.0120.0120.3120.4120.7121.7122.6122.4122.2122.2122.9122.4122.2122.5122.8123.1124.0124.5124.1123.8122.4122.2122.6122.3121.8
1 Data have been revised through August 1993 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.
See next page for continuation of table.
341Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-64.—Producer price indexes by stage of processing, 1947-93—Continued
[1982 = 100]
Year or month
194719481949
19501951195219531954 . .19551956. . .19571958 .. .1959
1960196119621963196419651966196719681969
1970197119721973197419751976.197719781979
1980198119821983198419851986198719881989 . . .
1990199119921993
1992: JanFebMar
May""'.""-June
JulyAugSeptOctNovDec
1993: JanFebMar
fc=June
JulyAug 1
SeptOctNovDec
Intermediate materials, supplies, and components
Total
23 325.224.2
25.328.427 527.727 928.429 630.330.430.8
30 830.630 630.730 831.232 032.233 034.1
35 436.838 242.452.558.060.964.969.578.4
90.398.6
100 0100.6103.1102.7991
1015107.1112.0
114.5114.4114.7116.2
113.2113.5113.6113.8114.5115.4
115.5115.5115.8115.4115.0114.8
115.2115.6116.0116.3116.2116.7
116.6116.6116.8116.6116.2115.9
Foodsand
feeds2
••"41.8"41542.9
45 646.749 570.383.681.677.479.684.894.5
105.5104 6100.0103.6105.797.396.299 2
109.5113.8
113.3111.1110.7112.7
110.7110.7110.7110.4111.5112.3
111.2110.3111.0109.7109.6110.7
110.9109.8109.9111.2111.8111.1
114.0114.3113.9113.8115.0117.0
Other
22 224.123.5
24.627.626.727.027.228.029.330.130.130.5
30 730.330 230.130 330.731331.732 533.6
34 836.237 740.650 556.660.064.168.677.4
89.498.2
100.0100.5103.0103.099.3
1017106.9111.9
114.5114.6114.9116.4
113.3113.6113.7114.0114.7115.6
115.7115.8116.1115.7115.2115.1
115.4115.9116.3116.6116.5117.0
116.7116.7117.0116.8116.3115.8
Materials and
components
Formanufac-
turing
24 926.825.7
26.930.529 329.729 830.532 032.732 833.3
33 332.932 732.733133.634 334.535 336.5
38 038.940 444.156 061.764.067.472.080.9
91798.7
100 0101.2104.1103.3102 2105 3113.2118.1
118.7118.1117.9118.9
117.2117.4117.5117.6117.9118.2
118.3118.3118.4118.1118.0118.0
118.4118.7118.8119.1118.9118.8
118.9119.0119.0119.0119.1119.2
Forcon-
struction
22 524.924.9
26.228 728 529 029130 331832 032 032.9
32 732.232 132.232 532.833 634.035 737.7
38 340.843 046.555 060.164169.376.584.2
91.397 9
100 0102.8105.6107 3108.1109 8116.1121.3
122.9124.5126.5132.0
124.9125.9126.6126.8126.8126.5
126.3126.4126.8126.7126.9127.8
129.1130.9132.5132.8132.0131.3
131.1131.6132.4132.7133.4134.1
Proc-
essedfuelsand
lubri-cants
14 416.414.9
15.215.915 715.815 815.816 317.216 216.2
16 616.816 716.616 216.516 816.916 516.6
17 719.520 122.233 639.442 347.749.961.6
85.0100 6100 095.495.792 872.773 371.276.4
85.985.384.584.7
80.280.680.080.783.688.1
88.288.089.087.285.083.5
83.283.383.884.385.288.1
87.186.387.185.782.879.5
Toncon-
tainers
23 424.424.5
25.229.628 028.028 528.931032.433 233.0
33 433.233 633.232 933.534 535.035 937.2
39 040.842 745.253 360.063.165.971.079.4
89196.7
100.0100.4105.9109.01103114 5120.1125.4
127.7128.1127.7126.4
127.6127.7127.7127.8127.7127.6
127.7127.6127.7127.8127.8127.7
126.7126.8126.7126.5126.5126.5
126.4126.1126.0126.1126.1126.5
Supplies
28 529.828.0
29.032.632.631.031731.232 032.333.133.5
33 333.734 535.034 735.036 536.837 137.8
39 740.842 551.756 861.865 869.372.980.2
89 996.9
100 0101.8104.1104.4105 6107 7113.7118.1
119.4121.4122.7125.0
122.0122.1122.4122.4122.7122.7
122.7122.7123.0123.2123.3123.6
124.2124.3124.3124.8124.7124.7
125.2125.5125.4125.5125.7126.1
Crude materials for further processing
Total
31 734.730.1
32.737.634.531.931630.430 631.231.931.1
30 430.230 529.929 631.133131.331833.9
35 236.039 954.561.461.663 465.573.485.9
95.3103.0100.0101.3103.595.887.793 796.0
103.1
108.9101.2100.4102.4
96.998.697.998.8
101.2102.1
101.7100.6102.4101.9101.8100.9
101.4101.4102.6103.9106.5104.2
101.5100.6101.0102.2102.5100.4
Food-stuffsand
feed-
stuffs
45 148.840.5
43.450.247.342.342 338.437.639.241.638.8
38 437.938 637.536 639.242 740.340 944.1
45 246.151572.676 477.476.877.587.3
100.0
104.6103.9100.0101.8104.794.893.296 2
106.1111.2
113.1105.5105.1108.3
103.7106.0107.2105.5108.4107.4
105.0103.7102.9103.7102.8104.6
105.6106.0108.3110.4112.2107.2
107.5108.0107.5105.6109.5111.5
Other
Total
21.121622.5
23 824.727 034.344 143.748.251.757.569.6
84.6101.8100.0100.7102.296.981.687 985.593.4
101.594.693.594.7
88.890.188.290.792.894.8
95.794.898.096.897.294.6
94.894.695.095.898.898.3
93.992.192.996.194.189.5
Fuel
758.98.8
8.89.09.09.38.98.99.5
10.110.210.4
10 510.510 410.510 510.610 911.311512.0
13 815.716.818.624.830.634.542.048.257.3
69.484.8
100.0105.1105.1102.792.284.182.185.3
84.882.984.087.0
83.582.679.178.579.878.5
83.782.888.385.894.190.7
90.683.481.482.489.494.9
85.584.488.189.889.585.2
Other
24 026.724.3
27.832.027.826.626.127.528.628.227.128.1
26 927.227 126.727 227.728 326.527.128.4
29.129.432.342.954.550.054.956.361.975.5
91.8109.8100.098.8
101.094.376.088.585.995.8
107.397.594.294.1
87.289.788.893.095.399.1
97.696.898.698.194.092.0
92.496.197.998.599.195.3
93.891.790.994.791.987.4
2 Intermediate materials for food manufacturing and feeds.
Source: Department of Labor, Bureau of Labor Statistics.
342Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-65.—Producer price indexes by stage of processing, special groups, 1974-93
[1982=100]
Year or month
1974
19751976197719781979
1980198119821983 .1984
19851986198719881989
1990199119921993
1992:JanFebMarAprMayJune.........
JulyAugSeptOctNovDec
1993:JanFebMar
May'!'.!!!!!'.!June
JulyAug2
SeptOctNovDec
Total
52.6
58.260.864 769.877.6
88.096.1
100.01016103.7
104.7103 2105.4108 0113.6
119.21217123.2124.7
121.8122.1122.2122.4123.2123.9
123.7123.6123.3124.4124.0123.8
124.2124.5124.7125.5125.8125.5
125.3124.2123.9124.7124.4124.1
Foods
64.4
69.869.673 379.987.3
92.497.8
100.01010105.4
104.6107 3109.5112 6118.7
124.4124 1123.3125.7
122.5123.4123.3122.8123.1123.1
122.8123.4123.3123.8123.4124.2
124.3124.5124.8126.5126.9125.4
125.0125.4125.6125.5126.7127.2
Finishedgoods
Energy
26.2
30.734.339 742.357.1
85 2101.5100 095 291.2
87.663 061.859 865.7
75.078177.878.0
74.374.374.475.477.881.0
80.480.280.880.078.476.4
76.676.977.578.379.680.5
79.679.179.578.976.273.5
Excluding foods andenergy
Total
53.6
59 763.166 971.978.3
87 194.6
100.0103 0105.5
108.1110 6113.3117 0122.1
126.61311134.2135.8
133.4133.5133.7134.0134.2134.1
134.2133.8133.2135.2135.2135.4
135.9136.2136.3136.7136.6136.3
136.4134.6133.8135.4135.6135.9
Capitalequip-ment
50.5
58 262.166 17L377.5
85 894.6
100.0102 8105.2
107.5109 7111.7114 3118.8
122.9126 7129.1131.4
128.6128.7128.9129.1129.0128.9
128.8128.9128.1130.2130.2130.2
130.8131.1131.2131.2131.2131.0
131.3131.2130.3132.4132.5132.7
Con-sumergoodsexclud-
ingfoodsand
energy
55.5
60 663.767 312278.8
87 894.6
100 01031105.7
108.4111 1114.2118 5124.0
128.8133 7137.3138.5
136.4136.4136.6137.0137.5137.3
137.5136.8136.4138.2138.3138.6
139.0139.4139.5140.0140.0139.5
139.5136.7136.0137.3137.5137.8
Intermediate materials, supplies,
Total
52.5
58 060.964 969!578.4
90 398.6
100.0100 6103.1
102.799 1
101.5107 1112.0
114.5114 4114.7116.2
113.2113.5113.6113.8114.5115.4
115.5115.5115.8115.4115.0114.8
115.2115.6116.0116.3116.2116.7
116.6116.6
• 116.8116.6116.2115.9
and components
Foodsand
feeds1
83.6
81677.479.684!894.5
105 5104.6100.0103 6105.7
97.396 299.2
109 5113.8
113.3111 1110.7112.7
110.7110.7110.7110.4111.5112.3
111.2110.3111.0109.7109.6110.7
110.9109.8109.9111.2111.8111.1
114.0114.3113.9113.8115.0117.0
Energy
33.1
38 741.546.849! 161.1
84 9100.5100.095 395.5
92.672 673.070 976.1
85.585184.384.6
80.180.479.980.683.487.8
88.087.888.787.084.983.4
83.183.283.784.285.187.9
87.086.186.985.682.779.4
Other
54.0
60 263.867 67?580.7
90 397.7
100 01016104.7
105.2104 9107:81152120.2
120.9121 4122.0123.8
121.1121.4121.6121.8121.9122.0
122.1122.2122.4122.3122.3122.4
122.9123.5123.9124.1123.8123.7
123.6123.8124.0124.0124.1124.4
Crude materials for further
Total
61.4
61.663.465 573.485.9
95 3103.0100.0101 3103.5
95.887 793.796 0
103.1
108.91012100.4102.4
96.998.697.998.8
101.2102.1
101.7100.6102.4101.9101.8100.9
101.4101.4102.6103.9106.5104.2
101.5100.6101.0102.2102.5100.4
processing
Food-stuffsand
feed-stuffs
76.4
77.476.877 587.3
100.0
104.6103.9100 01018104.7
94.893 296.2
106 1111.2
113.1105 5105.1108.3
103.7106.0107.2105.5108.4107.4
105.0103.7102.9103.7102.8104.6
105.6106.0108.3110.4112.2107.2
107.5108.0107.5105.6109.5111.5
Energy
27.8
33.335.340 445.254.9
73.197.7
100.098 798.0
93.371875.067 775.9
85.980 478.876.7
74.475.572.275.077.480.1
81.079.783.882.983.879.8
78.677.577.778.081.380.9
75.073.674.978.675.668.9
Other
83.3
69.380.279 887.8
106.2
113.1111.7100.0105 3111.7
104.91031115.7133.0137.9
136.3128.2128.4140.1
123.0125.2128.1129.1129.7129.2
130.0130.8130.4128.2127.1129.7
134.3137.4138.2140.7142.2141.7
142.6139.8138.9139.6141.4144.8
1 Intermediate materials for food manufacturing and feeds.2 Data have been revised through August 1993 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.
Source: Department of Labor, Bureau of Labor Statistics.
343Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-66.—Producer price indexes for major commodity groups, 1930-93
[1982 = 100]
Year or month
Farm products and processedf
Total
37.743.041.338.638.536.636.437.739.437.6
37.737.738.137.737.539.041.640.241.143.4
44.945.849.263.971.374.073.675.983.092.3
98.3101.1100.0102.0105.5100.7101.2103.7110.0115.4
118.6116.4115.9118.4
115.2116.3116.7115.8117.0116.9
115.8115.4115.3115.4115.0116.2
116.6116.6117.5119.1119.8117.5
118.0118.4118.3117.8119.8121.2
oods and feeds
Farmproducts
44.051.248.443.843.240.540.041.142.940.2
40.139.740.439.639.040.743.741.342.345.0
45.846.651.672.777.477.078.879.487.799.6
102.9105.2100.0102.4105.595.192.995.5
104.9110.9
112.2105.7103.6107.0
102.8105.5106.4103.2105.8104.7
102.5102.2101.6102.7101.8103.7
104.3104.4106.4109.7111.0104.3
105.4106.6106.1104.1109.3112.4
Processedfoods and
feeds
33.236.936.434.835.433.833.834.836.535.6
35.636.236.536.836.738.040.239.840.642.7
44.645.548.058.968.072.670.874.080.688.5
95.998.9
100.0101.8105.4103.5105.4107.9112.7117.8
121.9121.9122.1124.0
121.3121.7121.8122.0122.5123.0
122.4122.1122.1121.8121.6122.4
122.7122.7122.9123.7124.2124.0
124.3124.3124.3124.6125.0125.5
Total
25.027.626.927.227.227.829.129.930.030.5
30.530.430.430.330.530.931.532.032.833.9
35.236.537.840.349.254.958.462.567.075.7
88.097.4
100.0101.1103.3103.7100.0102.6106.3111.6
115.8116.5117.4119.0
115.7116.0115.9116.4117.3118.2
118.3118.1118.5118.6118.3117.9
118.3118.7119.0119.4119.7119.9
119.4118.8118.8119.4118.8117.9
Industrial commodities
Textileproducts
andapparel
50.256.050.549.348.248.248.248.347.448.1
48.647.848.248.248.548.848.948.950.751.8
52.453.355.560.568.067.472.475.378.182.5
89.797.6
100.0100.3102.7102.9103.2105.1109.2112.3
115.0116.3117.8118.1
117.4117.6117.7117.8117.7117.9
117.8117.8118.0118.1118.0118.0
118.0117.9117.9118.1118.0118.0
118.2118.3118.2118.2118.1117.8
Hides,skins,
leather,and
relatedproducts
32.937.730.531.029.529.431.231.231.635.9
34.634.935.334.334.435.939.438.139.341.5
42.043.450.054.555.256.563.968.376.196.1
94.799.3
100.0103.2109.0108.9113.0120.4131.4136.3
141.7138.9140.4143.6
138.6139.0139.8139.9140.7140.8
140.1140.8140.9141.0140.6142.0
143.6142.5142.9143.6143.8143.7
143.5143.9144.1143.7143.9144.3
Fuels andrelated
productsand
power1
12.613.013.013.413.213.213.614.313.713.7
13.914.014.013.913.513.814.114.414.314.6
15.316.617.119.430.135.438.343.646.558.9
82.8100.2100.095.994.891.469.870.266.772.9
82.381.280.480.0
76.376.875.877.179.783.2
83.382.884.482.282.179.7
79.479.279.780.381.983.2
81.080.280.981.278.374.4
Chemicalsand alliedproducts*
30.434.833.033.433.833.733.934.634.934.8
34.834.533.933.533.633.934.034.234.134.2
35.035.635.637.650.262.064.065.968.076.0
89.098.4
100.0100.3102.9103.7102.6106.4116.3123.0
123.6125.6125.9128.2
124.6124.5124.4124.8125.2126.0
126.4126.7127.0127.1127.5127.0
127.6128.1127.8128.6128.2128.5
128.2128.3128.2128.3128.5128.0
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983198419851986198719881989
1990199119921993
1992: Jan....Feb....Mar....Apr....May...June..
July....Aug...Sept..Oct...Nov...
Dec...
1993: Jan...
Feb...Mar...May"June.July...Aug2
Sept..Oct...Nov...Dec...
1 Prices for some items in this grouping are lagged and refer to 1 month earlier than the index month.2 Data have been revised through August 1993 to reflect the availability of late reports and corrections by respondents. All data are
subject to revision 4 months after original publication.
344Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-66.—Producer price indexes for major commodity groups, 1950-93—Continued
[1982=100]
Year or month
Industrial commodities—Continued
Rubberand
plasticproducts
35.643.739 636.937.542.443.042.842.842.642.741139.940.139.639.740 541442.843.644.945.245.346.656.462.266.069.472.480.590.196.4
100.0100.8102.3101.9101.9103.0109.3112.6113.6115.1115.1116.0114.7114.3114.3114.6114.9115.0115.2115.3115.5115.7115.8115.7115.7115.7115.6116.0115.8115.9115.9116.0116.5116.5116.4116.5
Lumberand
woodproducts
31.434.133 233.132.534.134.632.832.534.733.532.032.232.833.533.735 235139.844.039.944.750.762.264.562.172.283.096.9
105.5101.5102.8100.0107.9108.0106.6107.2112.8118.9126.7129.7132.1146.6174.0137.6142.9145.7147.5147.6146.3145.3145.4148.7148.7149.5154.4160.2169.3176.9181.2179.8174.1171.7171.1173.0173.1177.0180.9
Pulp,paper,
andallied
products
25.730 529 729.629.630.432.433.033.433.734.033.033.433.133.033 334.234.635.036.037.538.139.342.352.559.062.164.667.775.986.394.8
100.0103.3110.3113.3116.1121.8130.4137.8141.2142.9145.2147.3144.1144.2144.4144.9145.2145.1145.2145.4145.8146.1145.9145.9147.0147.1147.3147.7147.7147.1147.1147.1147.2147.4147.4147.6
Metalsand
metalproducts
22.024.524 525.325.527.229.630.230.030.630.630.530.230.331.132.032.833.234.036.038.739.440.944.057.061.565.069.375.386.095.099.6
100.0101.8104.8104.4103.2107.1118.7124.1122.9120.2119.2119.2118.2118.9119.4119.6119.5119.6120.0120.2119.6118.8118.2118.5118.9119.2119.0118.7118.4118.9119.5119.5119.5119.4119.5120.2
Machineryand
equipment
22.625 325 325.926.327.229.331.432.132.833.033.033.033.133.333 734 735 937.038.240.041.442.343.750.057.961.365.270.376.786.094.4
100.0102.7105.1107.2108.8110.4113.2117.4120.7123.0123.4124.0123.3123.5123.6123.4123.4123.2123.1123.2123.2123.3123.4123.5123.9123.9123.9124.0123.9124.0124.0124.0124.1124.1124.1124.2
Furnitureand
householddurables
40.944 443.544.444.945.146.347.547.948.047.847.547.246.947.146.847.448 349.750.751.953.153.855.761.867.570.373.277.582.890.795.9
100.0103.4105.7107.1108.2109.9113.1116.9119.2121.2122.2123.6121.8121.8121.9122.0122.1122.2122.2122.2122.4122.3122.6122.6122.6122.9123.0123.2123.4123.6123.8124.0124.0124.2124.4124.5
Non-metallicmineral
products
23.525.025 026.026.627.328.529.629.930.330 430 530.530.330.430.430.731232.433.635.338.239.440.747.854.458.262.669.677.688.496.7
100.0101.6105.4108.6110.0110.0111.2112.6114.7117.2117.3120.0117.2117.1117.3116.9116.9117.0117.1117.4117.4117.4117.7117.8118.4118.6118.9119.6119.7120.0120.2120.5120.7121.3121.4121.3
Transportationequipment
Total
40.441.944.245.546.150.356.760.564.669.575.382.994.3
100.0102.8105.2107.9110.5112.5114.3117.7121.5126.4130.4133.7129.8129.7130.0130.2130.2130.1130.2130.0128.5132.3132.2132.1132.7133.1133.3133.4133.3133.3133.6133.5131.6135.3135.3135.5
Motorvehicles
andequip-ment
30.031.633 433.333.434.336.337.939.039.939 339 239.238.939.139.239.239 840.941.743.345.747.047.451.457.661.265.270.075.883.194.6
100.0102.2104.1106.4109.1111.7113.1116.2118.2122.1124.9128.0124.8124.6124.9124.8124.7124.3124.4123.9121.3127.1127.1126.9127.1127.8127.8127.7127.6127.7127.8127.7125.0129.7129.9130.0
Miscella-neous
products
28.630.330.231.031.331.331.732.633.333.433.633.733.934.234.434.735.336.237.038.139.840.841.543.348.153.455.659.466.775.593.696.1
100.0104.8107.0109.4111.6114.9120.2126.5134.2140.8145.3145.5143.9143.9144.0144.8146.4146.2146.3143.8145.3145.5145.8147.3148.6149.4149.4150.4150.7149.6149.6138.9139.3139.2139.5141.0
195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931992: Jan...
Feb...Mar...Apr...May..June.
July...Aug...Sept.Oct...Nov...Dec...
1993: Jan...Feb...Mar...Apr...May..June.July...Aug2
Sept,Oct..Nov..Dec.
Source-. Department of Labor, Bureau of Labor Statistics.
345Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-67.—Changes in producer price indexes for finished goods, 1955-93
[Percent change]
Year ormonth
19551956.....1957.. .19581959196019611962196319641965196619671968196919701971197219731974197519761977.1978197919801981 .198219831984198519861987198819891990199119921993..
1992: JanFebMarAprMayJuneJulyAugSeptOct.NovDec
1993: JanFebMar
JuneJulyAug2 . . .SeptOctNovDec
Totalfinishedgoods
Dec toDec 1
1.04.234
3- . 318
6336
332.01 7314.92.13.339
11.718.36.63.86.79 3
12.811.8
713.6
.61 71.82 32̂ 2404̂ 95.7
- . 11.6
.2
Unad-justed
- 0 . 1.2.1.2.7.6
- . 2- . 1- . 2
.9- . 3- . 2
.3
.2
.2
.6
.2- . 2
- . 2- . 9- .2
.6- . 2- . 2
Year toyear
0.3263822
- . 39
0333
1 83.21 1283.83.431329 1
15.410.64.56.479
11.213.4924.11.62 11.01 42.125524.92.11.21.2
Sea-son-
ally ad-justed
0.2.2.2.3.2
0.1.2.1
- . 20
.3
.4
.3
.60
- . 60
- . 6.2
- . 20
- . 1
Finishedconsumer
foods
Dec. toD e c 1
- 3 . 03751
6- 3 . 7
5319
614
69 11.3
3468.1
- 2 . 35879
22 712.85.6
- 2 . 56.9
11 77.4
7.5152.02.335.6
28- . 2575.22.6
- 1 . 51.62.4
Unad-justed
0.2.7
- . 1_ 4
.20
- . 2.5
_ i.4
- .3.6.1.2.2
1.4.3
- 1 . 2
- .3.3.2
- .11.0
.4
Year toyear
- 2 . 3_ 33 36 1
- 4 . 720
38
1 13
406.51 839603.31654
20 514.08.4
- . 35.3909.35.8582.21.044
- .8262.128544.8
- . 2- . 61.9
Sea-son-
ally ad-justed
- 0 . 4.4
- . 1- . 3
.2_ i
.7
.4
.1- .61.3
- .60.2
1.40
- 1 . 0- . 2
.5
.7- .5
.81.1
Finished goods excluding consumer foods
Total
Dec. toD e c 1
253.34.3202366
21.17.26.26.883
14.813.4
874.201 12.24 03.232486.9
.31.6
- . 4
Year toyear
26283.5372040
16.212.1
6.27.172
11.816.210 34.61.8141.42 62.124505.03.01.81.1
Consumergoods
Dec. toD e c 1
1.6251 5
3.933
0
o39
1.820202.83.8212 175
20.36.86.06.785
17.614.1864.2
— .98
2.1664.13 1538.7
- . 71.6
- 1 . 4
Year toyear
0.62625o1.2
63
0
o39
1.51 823233.0351 846
17.010.46.27.37 1
13.318.510 34.11.2101.14 62.224565.92.91.8
.7
Capitalequipment
Dec. toD e c 1
5.681461 2.93
o369
1 53.83 1304 84.8242 151
22.78.1657.2808.8
11.4923.92.01 82.72 11.336383.42.51.71.9
Percent change from preceding month
Unad-justed
- 0 . 2.1.2.4.7.7
- .2- . 2- . 21.1
-.3- . 4
.3
.3
.2
.4
.2
.1-.2
- 1 . 2_ 4
.8_ 5- .5
Sea-son-
ally ad-justed
0.1.2.3.3.4.3.1
- . 2.2.1
- . 1- . 3
.6
.5
.3
.40
- . 4
0- 1 . 0
.1- . 2- . 2- . 4
Unad-justed
- 0 . 30
.2
.51.11.0
- . 1- . 4- . 1
.7- .5- . 5
.2
.3
.2
.5
.5
.1— 3
- 1 . 7- . 2
.5- . 7_ 7
Sea-son-
ally ad-justed
- 0 . 1.3.3.4.6.4.1
- . 3.2.2
- . 2- . 6
.6
.6
.5
.40
- .6- .1
- 1 . 5.1
- . 1- . 4- . 7
Unad-justed
0.5.1.2.2
- . 1- . 1- . 1
.1- . 6
1.600
.5
.2
.100
- .2.2
- . 1- . 7
1.6.1.2
Year toyear
2.6776 1261.9
33339
122.435343.54.7402633
14.315.26.76.47 98.7
10.710 3
5.72.8232.22 01.823393.53.11.91.8
Sea-son-
ally ad-justed
0.5.1.3.2.1
- . 1.1.2
0- . 2
.2
.2
.5
.3
.2
.2
.1- .2
.4
.20
- . 4.2.3
Finishedenergygoods
Dec
Dec 1
16.311.612.085
58.127.914 1- . 1
- 9 . 242
- . 238 111.23695
30.7- 9 . 6
- . 3- 3 . 8
Unad-justed
- 3 . 00
.11.33.24.1
- . 7- .2
.7- 1 . 0- 2 . 0- 2 . 6
.3
.4
.81.01.71.1
- 1 . 1- .6
.5- . 8
- 3 . 4- 3 . 5
Year
year
17.211.715.765
35.0
49.219 1
- 1 . 5- 4 . 8
42- 3 . 928 1
- 1 . 9329.9
14.24.1
_ 4.2
Sea-
ally
justed
- 2 . 01.3
.4
.7
.82.4
— 4- .6
.11.0
- 1 . 3- 2 . 4
1.01.71.1
.3- . 5- .5- .9
- 1 . 001.3
- 2 . 7- 3 . 5
Finished goodsexcluding foods
and energy
Dec toDec.1
17.76.05.76.2849.4
10.87.74.91.92 02.7272.14 34.23.53.12.0
.4
Unad-justed
0.5.1.1.2.1
- . 1.1
- . 3- . 41.50
.1
.4
.2
.1
.3- . 1- .2
.1- 1 . 3
- . 61.2
.1
.2
Year toyear
11.411.45.76.0758.9
11.28.65.73.0242.5232.4334.43.73.62.41.2
Sea-son-
ally ad-justed
0.5.1.3.3.4
- . 2.1
0.1
- . 1.2.1.4.2.2.4.1
- . 4
.2- 1 . 0
.1- . 5
.4
.2
1 Changes from December to December are based on unadjusted indexes.2 Data have been revised through August 1993 to reflect the availability of late reports and corrections by respondents. All data are
subject to revision 4 months after original publication.Source: Department of Labor, Bureau of Labor Statistics.
346Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
MONEY STOCK, CREDIT, AND FINANCE
TABLE B-68.—Money stock, liquid assets, and debt measures, 1959-93
[Averages of daily figures; billions of dollars, seasonally adjusted]
Yearyearand
month
December:195919601961 ... .19621963196419651966196719681969197019711972 .197319741975197619771978197919801981198219831984198519861987198819891990199119921993
1992:JanFebMarAprMayJuneJulyAugSeptOctNovDec
1993: JanFebMarAprMayJuneJulyAugSeptOctNovDec
Ml
Sum ofcurrency,demanddeposits,travelers
checks, andother
checkabledeposits(OCDs)
140.0140.7145 2147.8153 3160.3167 9172.0183 3197.4203.9214.4228.3249.2262.8274.3287.5306 3331.1358.2382.5408.5436.3474 4521.2552 4620.1724 5750.0787.1794.6827.2899.3
1,026.61,131.2
911.5926.2935.1941.2952.2952.5963 2975.5990.1
1,006.01,019.11,026.61,033.21,033.01,035.21,043.01,066.91,073.31,085 31,094.41,106 81,116.41,125.91,131.2
M2
Ml plusovernightRPs and
Eurodollars,MMMF
balances(general
purpose andbroker/dealer),
MMDAs, andsavings andsmall time
deposits
297.8312.3335 5362.7393 2424.8459 3480.0524 3566.3589.5628.0712.6805.1860.9908 4
1,023.11163 51,286.41,388.51,496.41,629.21,792.61952 72,186.52 376 02,572.42 8 1 6 12,917.23,078.23,233.33 345 53,445.83,494.83,551.73^451.03,467.73,467 83,464.83,467.83,464.23 465 43,473.63,481.03,491 53,496.23,494.83,485.73,474.13,471.63,473.83,503.03,509.63,515.73,518.93 53103,533.23,545.03,551.7
M3
M2 pluslarge timedeposits,term RPs,
termEurodollars,
andinstitution-only MMMF
balances
299.8315.33410371.4406 0442.5482 2505.1557 1606.2615.0677.3776.1886 0984.9
1,070 31,172.1131161,472.31,646.21,802.61,986.82,233.42 440 62,693.12 988 23,203.63 49173,674.83,915.44,056.14 116 74,168.14,163.44,207.74J72.24,189.04 184 84,177.94,180.14,172.5417124,180.64,184.54,180.64,176.64,163.4
4,138.14,131.84,127.24,137.74,165.44,164.1
4,162.24,164.34,177.74,184.84,197.84,207.7
L
MO n | . , c(VIo piUS
other liquidassets
388.6403 6430 8466.1503 8540.4584 4614.7666 5728.9763.5816.2902.9
1,022 91,142.51250 21,366.91516 41,705.01,910.32,115.62,323.52,596.02 850 33,154.43 529 53,830.94 13194,333.54,669.44,886.14 966 64,982.35,040.4
4,978.34,999.15 010.05,009.05,011.45,017.25 014 751027.85,038.95 041.35,049.05,040.4
5,015.85,011.85,011.05,027.05,065.25,066.75,064.15,075.55,066.25,076.55,093.4
Debt1
Debt ofdomestic
nonfinancialsectors
(monthlyaverage)
687.2723.6766 5819.4874 5938.1
100511,072.31 146 61,238.11,329.31,419.61,552.01,707.51,894.12,067.02,251.42 496 32,813.73,192.23,568.23,896.84,278.74 69165,257.56 00616,901.17 778 68,543.39,306.1
10,030.710,670.111,145.511,721.1
11,189.911,235.011,284.911,335.611,381.711,434.811494 111,553.411,597.811,625.711,665.611,721.1
11,757.811,781.611,821.311,867.411,912.711,976.112,033.412,088.312,141.912,179.212,241.8
Percent
Ml
0.5321.8374.6472.4667.73.35.16.5925.5444.8658.18.26.86.86.8879.960
12.316 83.54.91.04 18.7
14.210.211.513.414.414.013.711.811.310.611.813.814.115.614.511.89.17.49.49.1
10.111.913.814.111.110.8
change from year or 6months earlier2
M2
4.9748.1848.0814.5928.04.16.5
13.513.06.95.5
12.613 710.67.97.88.9
10.089
12.037839.53.65.55.03.53.01.41.62.13.02.92.51.91.1.8.3.8
1.51.61.81.2.0
- .5- 1 . 0
.4
.81.72.63.43.42.42.4
M3
5.28.28.9939.0904.7
10.38.81.5
10.114.614.211.28.79.5
11.912.311.89.5
10.212.49.3
10.311.07.29.05.26.53.61.51.2
- . 11.1
.61.61.71.1.8.2
- . 0- . 4- . 0
.1- . 2- . 4
- 1 . 6- 2 . 3-2 .7- 2 . 1
- . 5.0
1.21.62.42.31.62.1
Debt
7.55.35.96.96.77.37.16.76.98.07.46.89.3
10.010.99.18.9
10.912.713.511.89.29.89.7
12.114.214.912.79.88.97.86.44.55.2
4.24.24.54.54.85.25.45.75.55.15.05.04.64.03.94.24.24.44.75.25.45.35.5
1 Consists of outstanding credit market debt of the U.S. Government, State and local governments, and private nonfinancial sectors;data derived from flow of funds accounts.
2 Annual changes are from December to December; monthly changes are from 6 months earlier at a simple annual rate.
Note.—See Table B-69 for components.
Data do not reflect revisions of February 3, 1994.
Source: Board of Governors of the Federal Reserve System.
347Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-69.—Components of money stock measures and liquid assets, 1959-93
[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]
Yearand
monthCurrency
28.828.729.330.332.233.936.038.040.043.045.7
48.652.056.260.867.072.879.587.496.0
104.8115.4122.6132.5146.2156.1167.9180.8196.9212.3222.7246.7267.2292.3321.5269.0270.8271.9273.6275.1276.6279.5282.4286.3288.0289.8292.3294.8296.9299.0301.4304.0306.8309.6312.6316.4318.2320.0321.5
Travelerschecks
0.3.3.4.4.4.5.5.6.6.7.8.9
1.01.21.41.72.12.62.93.33.63.94.14.14.75.05.66.16.67.06.97.87.88.18.07.77.77.77.77.77.77.77.88.18.38.28.18.08.08.08.18.28.07.97.87.87.98.08.0
Demanddeposits
110.8111.6115.5117.1120.6125.8131.3133.4142.5153.6157.3164.7175.1191.6200.3205.1211.6221.5236.7250.4257.4261.2231.2234.0238.5244.0266.9302.3287.1287.1279.8278.2290.5340.8386.1296.3303.3308.0310.8314.6312.3317.5322.5329.0336.0339.5340.8341.9341.8341.9347.3359.2360.7365.9370.9376.6380.2385.5386.1
Othercheckabledeposits(OCDs)
0.0.0.0.0.1.1.1.1.1.1.2.1.2.2.3.4.9
2.74.28.4
16.828.078.4
103.8131.9147.3179.7235.3259.3280.7285.3294.5333.8385.2415.7338.6344.3347.5349.0354.7355.9358.6362.8366.7373.7381.6385.2388.6386.4386.3386.2395.5397.8401.9403.1406.0410.1412.5415.7
Overnightrepur-chase
agree-ments(RPs)
net, plusovernightEurodol-
lars »
NSA
0.0.0.0.0.0.0.0.0.0.0
2.21.32.32.85.35.75.9
10.714.920.721.728.836.639.955.660.673.582.384.183.277.674.776.374.784.777.977.974.772.869.874.675.278.776.277.175.874.773.374.074.572.870.073.677.278.381.984.384.884.7
Money market mutualfund (MMMF)
balances
General
purposeand
broker/dealer2
0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0
1.72.72.42.46.4
33.461.6
150.6185.6139.1168.0177.2209.0222.6242.9317.4350.5363.9342.3336.4360.3362.3358.0354.5354.9353.5350.4348.9343.9346.3343.7342.3340.0333.2332.7331.7335.5334.3333.2331.5329.4330.0333.5336.4
Institu-tion
only2
0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.2.4.6.9
3.19.5
15.238.050.041.963.265.586.192.792.0
108.8135.9182.1202.3198.8186.1192.0192.2195.9202.2206.3212.5220.9220.7210.9209.2202.3197.7201.9200.9200.4202.8198.1195.0193.3194.1196.6196.7198.8
Savingsdeposits,including
moneymarketdeposit
accounts(MMDAs) 3
December:19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993
1992: JanFebMarAprMayJune
JulyAugSeptOctNovDec
1993:JanFebMarAprMayJune
JulyAugSeptOctNovDec
146.5159.1175.5194.7214.4235.3256.9253.2263.7268.9263.6260.9292.2321.4326.8338.4388.8453.0492.1481.7423.6400.1343.9400.0685.0704.7815.1940.9937.6926.6891.0920.8
1,042.51,186.01,218.61,060.31,080.71,094.31,107.51,119.61,126.01,134.51,145.71,158.91,170.51,180.41,186.01,184.41,182.41,178.81,181.61,193.71,198.81,200.11,205.11,208.71,209.61,214.51,218.6
1 Includes continuing contract RPs.2 Data prior to 1983 are not seasonally adjusted.3 Data prior to 1982 are savings deposits only; MMDA data begin December 1982.
See next page for continuation of table.
348Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-69.—Components of money stock measures and liquid assets, 1959-93—Continued
[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]
Yearand
month
December:19591960196119621963....19641965.19661967.196819691970197119721973197419751976197719781979198019811982 . .1983198419851986 .198719881989199019911992 ..1993
1992-JanFebMarAprMayJuneJulyAugSept . . . .OctNovDec
1993- JanFebMarAprMayJuneJulyAugSeptOctNovDec
Smalldenomi-nationtime
deposits4
11.412.514.820.125.629.234 555.077 8
100.6120 4151.1189.7231.6265 8287.9337 9390.8445 5521.0634.4728 7823.2851.0784.1888.9885.5858.9922.8
1038 31,152.71,172.31,064.7
867.3783.5
1,043.01,021.51,004.0
986.1969.6955 7941.0925.7911.0894 4879.3867.3858.3853 1848.1841.2834.4826.9817.8810.3803.7796.1788.8783.5
Largedenomi-nationtime
deposits4
1.22.03.97.0
10.815.221223.130 937.420 445.257.773.4
111 1144.8129 7118.1145 2195.7223.3260.5303.1327.2327.6416.5434.1431.3475.4525 4548.8489.6424.7356.1331.5418.9413.6407.4402.2396.0389.4382.7378.5374.3367 3360.8356.1348.8344 3338.4343.5343.4340.0335.6336.1334.8335.6333.0331.5
Termrepur-chaseagree-ments(RPs)
NSA
0.0.0.0.0.0.00.00.0
271.62.73.5677.881
13.918 926.229.133.535.333.449.957.662.480.6
106.0121899.089.672.581.195.371.072.674.374.176.476 475.276.077.879 981.881.180.182.386.088.989.892.896.596.596.495.194.595.3
TermEuro-
dollars
NSA
0.7.8
1.51.61.92.4182.2222.9272.22.73.65.58.19.8
14.820.231.844.750.367.581.791.582.976.583.891.0
105.779.568.757.645.647.855.756.158.054.952.851.951.151.449.448.147.245.643.546.749.848.748.745.541.944.145.245.450.047.8
Savingsbonds
46.145.746.546.948.149.049 650.251.251.851.752.054.357.660.463.367.271.876.480.379.672.367.868.071.174.279.591.8
100.6109.4117.6126.1138.0156.8
139.0140.2141.3142.4143.5144.6145.8147.4149.3151.9154.7156.8158.9161.1162.7163.9164.8165.7166.8167.8168.8169.8170.9
Short-term
Treasurysecurities
38.636.737.039.840.738.540 743.238.746.159.548.836.040.749.352.868.469.878.181.1
107.8133.5149.4183.6211.9260.9298.2280.0253.1269.2324.9331.1315.0331.4
311.9320.0325.1326.0329.4330.1324.9322.9321.0320.2325.1331.4337.5342.9341.6340.7347.1349.1348.5345.7323.8317.6322.3
Bankersaccept-ances
0.6.9
1.11.11.21.31.61.81.82.33.33.53.83.55.0
12.610.710.814.122.027.232.140.044.545.045.442.037.044.339.940.235.523.420.4
22.922.622.221.822.022.021.721.120.720.520.320.420.620.119.219.219.418.717.516.416.316.316.2
Commer-cial
paper
3.65.15.26.87.79.1
10.214.417.822.534.034.532.735.242.851.248.552.564.180.798.498.8
105.3113.7133.2160.8207.6231.4260.7335.5347.3357.1337.7368.4
332.3327.3336.7341.0336.4348.1351.2355.7363.4368.0372.4368.4360.7355.9360.3365.5368.4369.1369.1381.3379.6388.0386.2
4 Small denomination and large denomination deposits are those issued in amounts of less than $100,000 and more than $100,000,respectively.
Note.—NSA indicates data are not seasonally adjusted.See also Table 6-68.
Data do not reflect revisions of February 3, 1994.
Source: Board of Governors of the Federal Reserve System.
349
1 5 1 - 4 4 4 0 - 9 4 - 1 2
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-70.—Aggregate reserves of depository institutions and monetary base, 1939-93
[Averages of daily figuresl; millions of dollars; seasonally adjusted, except as noted]
Year and month
Adjusted for changes in reserve requirements2
Reserves of depository institutions
TotalNonbor-rowed
Nonbor-rowedplus
extendedcredit
Required
Mone-tarybase
Borrowings of depositoryinstitutions from the Federal
Reserve, NSA
Total SeasonalExtended
credit
December:1959
19601961196219631964
1965....1966....1967....1968....1969....
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993
1992: JanFebMarAprMayJune
JulyAugSeptOctNovDec
1993: JanFebMarAprMayJune
JulyAugSeptOctNovDec
11,109
11,24711,49911,60411,73012,011
12,31612,22313,18013,76714,168
14,55815,23016,64517,02117,550
17,82218,38818,99019,75320,720
22,01522,44323,60025,36726,845
31,44838,94338,86240,39840,492
41,76745,53354,35160,536
46,22747,79548,50948,99249,49649,316
49,62950,34151,27452,83653,81554,351
54,66554,92255,16655,19756,87757,119
57,56758,03358,83759,81960,45960,536
10,168
11,17211,36611,34411,39711,747
11,87211,69012,95213,02113,049
14,22515,10415,59515,72316,823
17,69218,33518,42018,88519,248
20,32521,80722,96624,59323,659
30,12938,11638,08538,68340,227
41,44145,34154,22860,454
45,99447,71748,41848,90249,34149,087
49,34550,09150,98752,69353,71154,228
54,50054,87655,07455,12456,75656,938
57,32357,68058,41059,53460,37060,454
10,168
11,17211,36611,34411,39711,747
11,87211,69012,95213,02113,049
14,22515,10415,59515,72316,970
17,70418,33518,42018,88519,248
20,32821,95623,15224,59526,263
30,62838,41938,56839,92740,247
41,46445,34254,22860,454
45,99547,71948,42048,90449,34149,087
49,34550,09150,98752,69353,71154,228
54,50154,87755,07455,12456,75656,938
57,32357,68058,41059,53460,37060,454
10,603
10,50310,91511,03311,23911,605
11,89211,88412,80513,34113,882
14,30915,04916,36116,71717,292
17,55618,11518,80019,52120,279
21,50122,12423,10024,80625,990
30,41137,57337,81639,35139,570
40,10244,55553,19659,474
45,22446,73047,48147,85548,49548,403
48,66449,40750,28051,76352,77253,196
53,40553,81853,95354,10155,88156,209
56,47857,08057,74758,73059,35959,474
40,880
40,97741,85342,95745,00347,161
49,62051,56554,57958,35761,569
65,01369,10875,16781,07387,535
93,887101,515110,323120,445131,143
142,004149,021160,127175,467187,237
203,585223,667239,872256,932267,734
293,185317,169350,798386,072
319,385322,849324,655326,691328,863330,228
333,177336,844341,585344,849347,832350,798
353,224355,734358,374360,634364,769368,069
370,978374,532379,261381,765384,580386,072
941
74133260332264
444532228746
1,119
332126
1,0501,298
727
13053
569868
1,473
1,690636634774
3,186
1,318827777
1,716265
32619212482
233779190
155229
284251287143104124
165459173
121181
2443524282858982
4132
141355
13582
116543396
113
563893
130
76381831
1722324798
149
2032231931144018
1118264184
142
2102342361927531
147
12
3148186
22,604
499303483
1,24420
23110
122200
000001
100000
000000
1 Data are prorated averages of biweekly (maintenance period) averages of daily figures.2 Aggregate reserves incorporate adjustments for discontinuities associated with regulatory changes to reserve requirements. For
details on aggregate reserves series see Federal Reserve Bulletin.
Note.—NSA indicates data are not seasonally adjusted.
Monetary base data do not reflect revisions released on February 3, 1994.
Source: Board of Governors of the Federal Reserve System.
350Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-71.—Commercial bank loans and securities, 1972-93
[Monthly average; billions of dollars, seasonally adjusted ']
Year and month
Totalloansand
securi-t i e s 2
U.S.Govern-
securi-ties
Other
Loans and leases
Tota l 2
Com-mercial
andindus-trial
Realestate
Indi-vidual
Secu-rity
Non-bankfinan-
cialinsti-
tutions
Agri-cul-tural
Stateand
politi-cal
subdi-visions
For-eign
banks
For-eign
officialinsti-
tutions
Leasefinanc-
ing.receiv-ables
Other
December:1972...1973...1974...
1975...1976...1977...1978...1979....
1980....1981....1982....1983....1984...
1985....1986...1987...1988...1989...1990...1991....1992...1993...
1992:JanFebMarAprMayJune....
JulyAugSept....OctNovDec
1993:JanFebMar
June
JulyAugSeptOctNovDec
572.5647.8713.7
745.1804.6891.5
1,013.91,135.6
1,238.61,307.01,400.41,552.21,722.9
1,910.42,093.72,241.22,422.92,590.8
2,732.42,836.92,937.63,087.2
2,846.02,855.42,862.72,874.32,875.32,882.8
2,886.92,902.22,917.42,926.02,932.42,937.6
2,935.32,943.92,960.22,970.92,991.23,014.1
3,037.43,046.63,057"3,056.63,072.63,087.2
89.088.286.3
116.7136.3136.6137.6144.3
170.6179.3201.7259.2259.8
270.8310.1335.8362.7397.0
452.1559.3657.1727.2
564.2570.9579.6590.8600.2610.7
619.2632.6640.6647.3651.4657.1
656.5666.2680.2691.0693.5704.3
708.2714.8720.6718.4720.0727.2
93.499.4
107.5
111.2113.5122.7129.2141.9
154.4160.5164.8169.1140.9
179.0193.9195.8193.7182.4
178.8179.9176.0181.9
179.6180.3178.5178.5176.9175.8
177.9178.2178.2178.8177.3176.0
174.5176.4179.0181.0181.2179.6
181.5182.4182.6180.7180.9181.9
390.1460.2519.9
517.2554.8632.3747.1849.4
913.5967.3
1,033.91,123.91,322.2
1,460.61,589.71,709.61,866.52,011.4
2,101.42,097.82,104.62,178.2
2,102.22,104.32.104.52,104.92,098.22,096.2
2,089.82,091.42,098.62,099.82,103.82,104.6
2,104.42,101.32,101.02,098.92,116."2,130.3
2,147.82,149.42,153.92,157.52,171.72,178.2
137.1165.0196.6
189.3190.9211.0
•246.2291.4
325.7355.4392.5414.2473.2
500.2536.7566.4605.3638.4
642.6617.0597.6584.2
615.4613.5610.8609.0607.6604.6
602.5601.4601.2600.8600.5597.6
598.0596.7593.1587.5589.9590.9
590.2589.6586.2585.7585.4584.2
98.1117.3130.1
134.4148.8175.2210.5241.9
262.6284.1299.9331.0376.3
425.8494.1587.2670.1760.1
843.4871.8892.4927.2
873.2876.7879.1881.8883.3881.8
881.5883.1886.8890.7892.5892.4
890.8890.1891.9892.2898.0904.0
907.7910.8914.6918.1921.8927.2
86.398.6
102.4
104.9116.3138.3164.7184.5
179.2182.5188.2212.9254.2
295.0315.4328.2354.8375.2
380.3363.9355.5385.6
363.4363.8362.3360.8359.2359.0
358.6357.4357.0355.8355.4355.5
358.4361.9362.3364.4367.5368.8
372.5374.7376.0380.3383.2385.6
15.612.912.7
13.517.721.019.718.7
18.021.425.328.035.0
43.340.334.540.941.3
44.754.364.886.0
58.058.960.763.460.963.3
60.561.664.064.764.264.8
63.562.864.262.368.671.4
81.679.982.779.587.086.0
21.728.534.5
28.926.425.826.229.3
29.329.931.230.431.6
32.835.332.132.534.4
35.941.443.643.2
42.143.043.643.243.342.4
41.542.044.043.944.743.6
45.144.644.245.045.946.0
46.546.846.144.944.243.2
14.317.218.3
20.123.225.828.231.1
31.633.136.239.240.1
36.131.629.429.030.1
32.334.235.035.4
34.134.134.334.334.334.6
34.935.335.235.135.235.0
34.534.334.034.134.334.3
34.734.834.835.035.535.4
46.1
56.858.452.545.340.0
34.029.024.821.6
28.628.328.027.627.326.8
26.225.925.825.425.124.8
24.223.823.623.123.022.8
22.822.722.422.221.821.6
3.96.28.3
9.011.713.721.518.6
23.818.114.713.411.4
9.710.17.77.68.2
7.77.37.77.7
1.62.12.2
2.42.82.74.96.9
11.57.25.99.48.4
6.36.35.15.03.5
2.92.42.83.3
2.32.22.12.02.02.0
2.22.32.52.42.82.8
2.93.23.23.23.13.2
3.23.13.43.3.33.3
1.42.13.2
4.05.15.77.49.3
10.912.713.313.716.1
19.122.524.729.431.9
32.931.730.932.8
31.431.531.431.130.931.0
30.830.831.030.830.930.9
30.430.630.630.730.931.3
31.631.731.832.132.532.8
10.110.211.5
10.711.913.017.817.8
21.122.926.831.829.9
35.539.041.746.548.1
44.944.749.551.1
46.545.545.545.142.443.3
43.244.343.242.645.049.5
48.844.545.348.046.849.0
47.946.047.347.349.151.1
1 Data are prorated averages of Wednesday figures for domestically chartered banks and for foreign-related institutions beginning July1981. Prior to July 1981, data for foreign-related institutions are averages of current and previous month-end data.
2 Excludes loans to commercial banks in the United States.
Note.—Data are not strictly comparable because of breaks in the series.
Source.- Board of Governors of the Federal Reserve System.
351Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-72.—Bond yields and interest rates, 1929-93
[Percent per annum]
Year andmonth
U.S. Treasury securities
Bills(new issues) x
3-month
6-month
Constant maturities2
3-year
10-year
30-year
Corporatebonds
(Nloody's)
Aaa Baa
High-grade
munici-pal
bonds(Stand-ard &
Poor's)
New-homemort-gage
yields3
Com-mer-cial
paper,6
months4
Primerate
chargedby
banks5
Discountrate,
FederalReserve
Bankof NewYork5
Federalfundsrate6
1929...1933...1939...
1940...1941...1942...1943...1944...
1945...1946...1947...1948...1949...
1950...1951...1952...1953...1954...
1955...
1956...1957...1958...1959...
1960...1961...1962..1963...
1964...
1965...1966...1967..1968...1969..
1970...1971...1972...1973...1974...
1975..1976..1977..1978..1979..
1980..1981..1982..1983..1984..
1985..1986..1987..1988..1989..
1990..1991..1992..1993..
0.515.023
.014
.103
.326
.373
.375
.375
.375
.5941.0401.102
1.2181.5521.7661.931.953
1.7532.6583.2671.8393.405
2.9282.3782.7783.1573.549
3.9544.8814.3215.3396.677
6.4584.3484.0717.0417.886
5.8384.9895.2657.221
10.041
11.50614.02910.6868.639.58
7.485.985.826.698.12
7.515.423.453.02
3.832
3.2472.6052.9083.2533.686
4.0555.0824.6305.4706.853
6.5624.5114.4667.1787.926
6.1225.2665.5107.572
10.017
11.37413.77611.0848.759.80
7.666.036.056.928.04
7.475.493.573.14
2.471.63
2.473.193.982.844.46
3.983.543.473.674.03
4.225.235.035.687.02
7.295.655.726.957.82
7.49
2.852.40
2.823.183.653.324.33
4.123.883.954.004.19
4.284.925.07
6.77
5.656.67
7.356.166.216.847.56
7.99
6.698.299.71
11.5514.4412.9210.4511.89
9.647.067.688.268.55
8.266.825.304.44
7.617.428.419.44
11.4613.9113.0011.1012.44
10.627.688.398.858.49
8.557.867.015.87
7.758.499.28
11.2713.4512.7611.1812.41
10.797.788.598.968.45
8.618.147.676.59
4.734.493.01
2.842.772.832.732.72
2.622.532.612.822.66
2.622.862.963.202.90
3.063.363.893.794.38
4.414.354.334.264.40
4.495.135.516.187.03
8.047.397.217.448.57
8.838.438.028.739.63
11.9414.1713.7912.0412.71
11.379.029.389.719.26
9.328.778.147.22
5.907.764.96
4.754.334.283.913.61
3.293.053.243.473.42
3.243.413.523.743.51
3.533.884.714.735.05
5.195.085.024.864.83
4.875.676.236.947.81
9.118.568.168.249.50
10.619.758.979.49
10.69
13.6716.0416.1113.5514.19
12.7210.3910.5810.8310.18
10.369.808.987.93
4.274.712.76
2.502.102.362.061.86
1.671.642.012.402.21
1.982.002.192.722.37
2.532.933.603.563.95
3.733.463.183.233.22
3.273.823.984.515.81
6.515.705.275.186.09
6.896.495.565.906.39
8.5111.2311.579.47
10.15
9.187.387.737.767.24
7.256.896.415.63
5.895.83
5.816.256.466.977.81
8.457.747.607.968.92
9.009.009.029.56
10.78
12.6614.7015.1412.5712.38
11.5510.179.319.19
10.13
10.059.328.247.20
5.851.73.59
.56
.53
.66
.69
.73
.75
.811.031.441.49
1.452.162.332.521.58
2.183.313.812.463.97
3.852.973.263.553.97
4.385.555.105.907.83
7.715.114.738.159.84
6.325.345.617.99
10.91
12.2914.7611.898.89
10.16
8.016.396.857.688.80
7.955.853.803.30
5.50-6.001.50-4.00
1.50
1.501.501.501.501.50
1.501.50
1.50-1.751.75-2.00
2.00
2.072.563.003.173.05
3.163.774.203.834.48
4.824.504.504.504.50
4.545.635.616.307.96
7.915.725.258.03
10.81
7.866.846.839.06
12.67
15.2718.8714.8610.7912.04
9.938.338.219.32
10.87
10.018.466.256.00
5.162.561.00
1.001.00
71.0071.0071.00
71.0071.00
1.001.341.50
1.591.751.751.991.60
1.892.773.122.153.36
3.533.003.003.233.55
4.044.504.195.165.87
5.954.884.506.447.83
6.255.505.467.46
10.28
11.7713.4211.028.508.80
7.696.335.666.206.93
6.985.453.253.00
1.782.733.111.573.30
3.221.962.683.183.50
4.075.114.225.668.20
7.184.664.438.73
10.50
5.825.045.547.93
11.19
13.3616.3812.269.09
10.23
8.106.816.667.579.21
8.105.693.523.02
1 Rate on new issues within period; bank-discount basis.2 Yields on the more actively traded issues adjusted to constant maturities by the Treasury Department.3 Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as well as contract rate and
assuming, on the average, repayment at end of 10 years. Rates beginning January 1973 not strictly comparable with prior rates.4 Bank-discount basis; prior to November 1979, data are for 4-6 months paper.5 For monthly data, high and low for the period. Prime rate for 1929-33 and 1947-48 are ranges of the rate in effect during the
period.6 Since July 19, 1975, the daily effective rate is an average of the rates on a given day weighted by the volume of transactions at
these rates. Prior to that date, the daily effective rate was the rate considered most representative of the day's transactions, usuallythe one at which most transactions occurred.
7 From October 30, 1942, to April 24, 1946, a preferential rate of 0.50 percent was in effect for advances secured by Governmentsecurities maturing in 1 year or less.
See next page for continuation of table.
352Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-72.—Bond yields and interest rates, 1929-93—Continued
[Percent per annum]
Year andmonth
1989:JanFebMar
Jay!!!!!!!!!!!!JuneJulyAugSeptOctNovDec
1990:JanFebMarAprMayJuneJulyAugSeptOctNovDec
1991:JanFebMarAprMayJuneJulyAugSeptOctNovDec
1992:JanFebMarAprMayJuneJulyAugSeptOctNovDec
1993:JanFebMarAprMayJunJulAug
&:::::::::::NovDec
J.S. Treasury securities
Bills(new issues)l
3-month
8.298.488.838.708.408.227.927.911117.637 657.64
7 647.767.877.787.787.747 667.447.387.197 076.81
6.305.955.915 675.515.605.585.395.255 034.604.12
3.843.844.053.813.663.703.283 142.972.843.143.25
3.062.952.972.892.963.103.053.052.963.043.123.08
6-month
8.388.498.878.738.398.007.631117 747.617 467.45
7 521117.837.827.827.647 577.367.337.207 046.76
6.345.935.915 735.655.765.715.475.295 084.664.16
3.883.944.193.933.783.813.363 233.012.983.353.39
3.173.083.083.003.073.233.153.173.063.133.273.25
Constant maturities2
3-year
9.209.329.619.408.988.377.838.138 268.027 80111
8 138.398.638.788.698.408 268.228.278.077 747.47
7.387.087.357 237.127.397.386.806.506 235.905.39
5.405.726.185.935.815.604.914 724.424.645.145.21
4.934.584.404.304.404.534.434.364.174.184.504.54
10-year
9.099.179.369.188.868.288.028.118 198.011 SI7.84
8 218.478.598.798.768.488 478.758.898.728 398.08
8.097.858.118 048.078.288.277.907.657 537.427.09
7.037.347.547.487.397.266.846 596.426.596.876.77
6.606.265.985.976.045.965.815.685.365.335.725.77
30-year
8.939.019.179.038.838.278.088.128158.007 907.90
8 268.508.568.768.738.468 508.869.038.868 548.24
8.278.038.298 218.278.478.458.147.957 937.927.70
7.587.857.977.967.897.847.607 397.347.537.617.44
7.347.096.826.856.926.816.636.326.005.946.216.25
Corporatebonds
(Moody's)
Aaa
9.629.649.809.799.579.108.938.969 018.928 898!86
8 999.229.379.469.479.269 249.419.569.539 309.05
9.048.838.938 868.869.019.008.758.618 558.488.31
8.208.298.358.338.288.228.077 957.927.998.107.98
7.917.717.587.467.437.337.176.856.666.676.936.93
Baa
10.6510.6110.6710.6110.4610.039.879.889 919.819 819.82
9 9410.1410.2110.3010.4110.2210 2010.4110.6410.7410 6210.43
10.4510.0710.099 949.869.969.899.659.519 499.459.26
9.139.239.259.219.139.058.848 658.628.848.968.81
8.678.398.158.148.218.077.937.607.347.317.667.69
High-grade
munici-pal
bonds(Stand-ard &
Poor's)
7.417.477.617.497.256.976.977.081111.111137.01
7 137.217.297.367.347.227 157.317.407.407 107.04
7.056.907.077 056.957.097.036.896.806 596.646.63
6.416.676.696.646.576.506.126 086.246.386.356.24
6.185.875.655.785.815.735.605.505.315.295.475.35
New-homemort-gage
yields3
9.529.829.99
10.1710.1810.4210.4810.2210 2410.1110 0910.07
9 919.88
10.0310.1710.2810.1310 0810.119.909.989 909.76
9.659.579.439 609.529.469.439.489.309 048.648.53
8.498.658.518.588.598.438.008 007.937.908.077.88
7.827.777.467.467.377.237.207.056.956.806.806.92
Com-mer-cial
paper,6
months4
9.029.359.979.789.298.808.358.328 508.248 007.93
7 968.048.238.298.238.067 901117.837.817 747.49
7.026.416.366 075.946.166.145.765.595 334.934.49
4.064.134.384.133.973.993.533 443.263.333.673.70
3.353.273.243.193.203.383.353.333.253.273.433.40
Primerate
chargedby
banks5
High-low
10.50-10.5011.50-10.5011.50-11.5011.50-11.5011.50-11.5011.50-11.0011.00-10.5010.50-10.5010 50-10 5010.50-10.5010 50-10 5010.50-10.50
10 50-10 0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010 00-10 0010.00-10.0010.00-10.0010.00-10.0010 00-10 0010.00-10.00
10.00- 9.509.50- 9.009.00- 9.009 00- 9 009.00- 8.508.50- 8.508.50- 8.508.50- 8.508.50- 8.008 00- 8 008.00- 7.507.50- 6.50
6.50-6.506.50-6.506.50-6.506.50-6.506.50-6.506.50-6.506.50-6.006 00-6 006.00-6.006.00-6.006.00-6.006.00-6.00
6.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.00
Discountrate,
FederalReserve
Bankof NewYork5
High-low
6.50-6.507.00-6.507.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007 00-7 007.00-7.007 00-7 007.00-7.00
7 00-7 007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007 00-7 007.00-7.007.00-7.007.00-7.007 00-7 007.00-6.50
6.50-6.506.50-6.006.00-6.006 00-5 505.50-5.505.50-5.505.50-5.505.50-5.505.50-5.005 00-5 005.00-4.504.50-3.50
3.50-3.503.50-3.503.50-3.503.50-3.503.50-3.503.50-3.503.50-3.003 00-3 003.00-3.003.00-3.003.00-3.003.00-3.00
3.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.00
Federalfundsrate6
9.129.369.859.849.819.539.248.999 028.848 558.45
8 238.248.288.268.188.298158.138.208.117 817.31
6.916.256.125 915.785.905.825.665.455 214.814.43
4.034.063.983.733.823.763.253 303.223.103.092.92
3.023.033.072.963.003.043.063.033.092.993.022.96
Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Housing Finance Board, Moody'sInvestors Service, and Standard & Poor's Corporation.
353Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-73.—Total funds raised in credit markets by nonfinancial sectors, 1984-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Item 1984 1985 1986 1987 1988 1989 1990 1991 1992
Total net borrowing by domestic nonfinancial sec-tors
U.S. Government
Treasury issuesAgency issues and mortgages..
Private domestic nonfinancial sectors-
Debt capital instruments
Tax-exempt obligations...Corporate bondsMortgages
Home mortgagesMulti-family residential..CommercialFarm
Other debt instruments-
Consumer creditBank loans n.e.cOpen-market paper...Other
By borrowing sector-
State and local governmentsHouseholdsNonfinancial business
FarmNonfarm noncorporate..Corporate
Foreign net borrowing in United States..
BondsBank loans n.e.cOpen-market paperU.S. Government and other loans..
Total domestic plus foreign
Total funds supplied to domestic nonfinancial sec-tors
Private domestic nonfinancial sectors-
Deposits and currency
Checkable deposits and currencyTime and savings depositsMoney market fund sharesSecurity repurchase agreementsForeign deposits
Credit market instruments-
Foreign funds
At banksCredit market instruments
U.S. Government and related loans, net..U.S. Government cash balancesPrivate insurance and pension reserves..Other sources
Net credit market borrowing by nonfinancial sectors
764.6
197.2
197.4- . 2
567.4
329.2
58.748.1
222.4
136.225.162.3
-1 .2
238.3
81.764.021.770.9
567.4
35.7221.2310.5
- . 4123.3187.6
8.4
3.8-6 .6
6.25.0
773.0
934.6
225.7
225.8- . 1
708.9
523.4
178.683.2
261.7
172.330.365.6
- 6 . 6
185.5
82.343.814.644.8
708.9
134.0295.6279.3
-14.5133.2160.6
1.2
3.8- 2 . 8
6.2- 6 . 0
935.8
855.8
216.0
215.6.4
639.9
478.4
45.7127.1305.6
204.236.475.1
-10.1
161.5
57.558.9
- 9 . 354.3
639.9
59.2266.2314.5
-16.9106.1225.3
9.7
3.1- 1 . 011.5
- 3 . 9
865.6
739.9
143.9
142.41.5
596.0
497.9
83.578.8
335.7
241.624.976.2
- 6 . 9
98.1
32.914.7
1.648.9
596.0
83.0307.5205.5
-11.176.0
140.7
6.2
7.4- 3 . 6
3.8- 1 . 4
746.2
752.6
155.1
137.717.4
597.5
436.4
53.7103.1279.6
219.616.148.5
-4 .6
161.0
50.144.711.954.3
597.5
48.9300.1248.4
-10.057.2
201.3
6.4
6.9- 1 . 8
8.7- 7 . 5
758.9
723.0
146.4
144.71.6
576.6
408.3
65.373.8
269.1
212.512.047.3
- 2 . 7
168.3
49.536.421.461.0
576.6
63.5276.7236.3
.549.4
186.5
10.2
4.9- . 113.1
-7 .6
733.1
631.0
246.9
238.78.2
384.1
293.1
57.347.1
188.7
177.23.48.9
- . 8
91.0
13.44.29.7
63.6
384.1
54.5207.7121.9
1.819.4
100.7
23.9
21.4- 2 . 912.3
- 7 . 0
654.9
475.5
278.2
292.0-13.8
197.3
313.4
69.678.8
165.1
166.0- 2 . 5
.9
.7
-116.1
-13 .1-46.8-18 .4-37 .8
197.3
62.3168.4
-33.4
2.4-24 .5-11 .3
13.9
14.13.16.4
- 9 . 8
489.4
Direct and indirect supply of funds to credit markets
582.4
304.0
303.8.2
278.4
254.0
65.767.3
121.1
176.0-11 .1-45 .5
1.6
24.4
9.3- 5 . 6
8.612.0
278.4
59.4215.0
4.0
1.5-39.4
41.8
24.2
17.32.35.2
- . 6
606.6
764.6
446.7
310.1
37.0221.248.7
9.8- 6 . 5
136.6
76.0
9.067.1
16.04.0
139.981.9
934.6
487.2
204.0
56.9122.6
2.117.74.7
283.2
86.1
19.666.5
37.410.3
215.798.0
855.8
329.9
273.0
114.186.241.820.010.8
56.9
115.7
12.9102.8
17.01.7
233.7157.8
739.9
405.0
163.3
18.199.425.221.5
- 1 . 0
241.7
107.9
43.764.2
5.6- 5 . 8184.842.4
752.6
421.8
225.7
29.1139.7
16.932.9
7.1
196.1
117.9
9.3108.6
-18.27.3
127.796.1
723.0
285.4
162.8
9.670.185.6
- 2 . 1- . 3
122.6
74.8
- 9 . 584.4
-49.9- 3 . 4293.7122.3
631.0
259.7
96.9
21.928.454.9
-22.113.9
162.8
105.9
23.882.1
17.35.3
146.896.0
475.5
-38.4
-22 .3
70.1-104.9
29.8-14 .5
- 2 . 8
-16 .1
2.8
-22 .825.6
32.85.5
297.9175.0
582.4
67.8
-11.2
131.0-133.4
.8- . 5
- 9 . 1
79.0
149.6
48.9100.7
20.5- 5 . 9167.3183.0
354Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-73.—Total funds raised in credit markets by nonfinancial sectors, 1984-93—Continued
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Item1991 1992 1993
Total net borrowing by domestic nonfinancialsectors
U.S. Government...
Treasury issues
Agency issues and mortgages
Private domestic nonfinancial sectors...
Debt capital instruments
Tax-exempt obligationsCorporate bondsMortgages
Home mortgagesMulti-family residential..CommercialFarm
Other debt instruments
Consumer creditBank loans n.e.cOpen-market paperOther
By borrowing sector:
State and local governments..HouseholdsNonfinancial business
FarmNonfarm noncorporate...Corporate
Foreign net borrowing in United States..
BondsBank loans n.e.cOpen-market paperU.S. Government and other loans....
Total domestic plus foreign
Total funds supplied to domestic nonfinancialsectors
Private domestic nonfinancial sectors
Deposits and currency
Checkable deposits and curren-cy
Time and savings depositsMoney market fund sharesSecurity repurchase agreementsForeign deposits
Net credit market borrowing by nonfinancial sectors
425.5
191.7
215.7-24.0
233.8
371.1
62.376.7
232.2
167.112.147.7
5.2
-137.3
-16.1-59 .5-25.1-36.7
233.8
62.6130.141.0
9.821.210.0
57.8
11.38.1
46.7- 8 . 4
483.3
565.4
269.3
275.5-6 .2
296.1
376.6
69.696.5
210.5
160.211.740.1
- 1 . 5
-80.5
- 5 . 1-30.2-16.5-28.8
296.1
59.7195.141.3
.220.220.9
-60.4
10.9- 3 . 5
-51.9-15.9
504.9
500.0
379.5
408.2-28.8
120.5
222.8
68.881.672.3
160.1-34.2-55.6
2.1
-102.2
-20.4-44.0-26.9-10.9
120.5
52.8154.5
-86 .8
4.3-81.5
- 9 . 6
23.8
15.61.4
16.0-9 .2
523.7
411.4
272.5
268.73.8
138.9
283.1
77.660.2
145.2
176.5.2
-28.6-2 .9
-144.2
-10.7-53.7
- 5 . 0-74.9
138.9
74.0193.8
-129.0
- 4 . 6-57.9-66.5
34.3
18.56.5
14.9- 5 . 6
445.6
603.3
323.8
335.0-11.2
279.5
329.7
68.076.3
185.4
216.511.6
-46.94.2
-50.2
- 9 . 8-47 .3
2.54.5
279.5
62.1199.2
18.2
4.3-21.8
35.7
1.9
4.91.5
- 8 . 03.6
605.3
586.2
352.9
352.5.4
233.4
224.1
76.677.869.8
111.6-16.9-25.7
.8
9.3
-14.727.7
- 2 . 6- 1 . 1
233.4
66.9176.5
-10.1
3.6-47.4
33.7
57.7
21.914.127.8
- 6 . 1
644.0
610.8
299.1
290.19.0
311.7
272.2
75.861.3
135.1
203.3-11.2-57.7
.8
39.4
13.5-24 .1
9.340.8
311.7
73.5217.720.5
- . 1-37 .3
57.9
37.8
20.33.9
13.1.5
648.7
529.1
240.1
237.42.7
289.0
190.1
42.453.793.9
172.8-27.9-51.6
.6
99.0
48.221.425.4
3.9
289.0
35.1266.6
-12.7
- 1 . 6-51.0
39.9
- .6
22.2-10.3-12.1
- . 4
528.5
399.3
229.6
226.43.2
169.7
237.5
62.475.0
100.2
128.4-6 .6
-21.7
-67.7
19.2-39.7-24.2-23.0
169.7
71.2137.4
-38.9
- 2 . 5-36.7
.3
50.3
75.61.6
-21.7- 5 . 3
449.5
667.5
348.2
344.14.1
319.2
266.7
67.264.9
134.5
176.2-12.8-29 .1
.2
52.5
22.931.834.8
-37.0
319.2
68.9215.8
34.5
3.4-31.4
62.5
26.8
30.46.5
- . 6- 9 . 5
694.2
579.7
177.2
160.916.2
402.5
317.3
38.955.2
223.2
229.7.2
-6 . 9
85.2
60.88.1
24.2- 8 . 0
402.5
43.7322.4
36.4
4.6-14.1
46.0
78.5
85.51.0
-1 .6- 6 . 4
658.2
Direct and indirect supply of funds to credit markets
Credit market instruments
Foreign funds
At banksCredit market instruments..
U.S. Government and related loans, netU.S. Government cash balancesPrivate insurance and pension reservesOther sources
425.5
38.5
60.8
70.9-34.3115.4
-47.4-43.9
- 2 2 . 3
1.5- . 5
46.331.3
396.7-88 .3
565.4
133.1
5.4
37.2-50.3
-2 .2.7
19.9
127.8
-64.2
-98.334.2
96.6-23.2117.9305.1
500.0
-157.0
-57.9
135.5-174.3-13 .5-17.1
11.6
-99 .1
40.5
13.127.4
33.15.2
371.3206.9
411.4
-168.2
-97 .5
37.0-160.8
19.25.91.2
-70 .7
33.9
- 7 . 341.3
-44.98.7
305.5276.4
603.3
206.6
71.2
147.9-86 .1
39.3- 8 . 7
-21 .3
135.5
90.8
- 5 . 796.5
122.9-30 .1
49.8163.2
586.2
59.4
-91 .5
76.6-175.3
23.112.9
-28 .8
150.9
219.1
78.4140.7
-71 .515.7
170.8192.7
610.8
-54.1
8.2
163.9-143.8-23.7-12.4
24.1
-62 .3
158.9
80.778.1
-43 .54.4
225.8319.4
529.1
59.4
-32.7
135.5-128.6-35.4
6.2-10.3
92.1
129.7
42.287.5
74.0-13 .5222.9
56.6
399.3
382.1
-241.3
15.7-202.7-45 .1
2.7
-11.9
-140.8
54.4
-18 .873.2
- 4 7 . 51.3
359.9413.3
667.5
35.4
153.5
579.7
-101.5
122.7-30.7
65.2- 4 . 7
.9
-118.1
158.1
68.689.5
53.49.0
180.6231.0
53.7
126.7-127.0
51.7-2 .2
4.4
-155.2
141.6
- 2 . 3144.0
-70.83.6
286.6320.3
Source: Board of Governors of the Federal Reserve System.
355Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-74.—Mortgage debt outstanding by type of property and of financing, 1940-93
[Billions of dollars]
End of yearor quarter
Allproper-
ties
Farmproper-
ties
Nonfarm properties
Total1- to 4-familyhouses
Multi-familyproper-
ties
Com-mercialproper-
ties
Nonfarm properties by type of mortgage
Government underwritten
Total J
1- to 4-family houses
TotalFHA
insured
VAguar-
anteed
Conventional2
Total1- to 4-familyhouses
194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921991: I...
II.IllIV
1992: I..
IV..1993: I....
II...III..
36.537.636.735.334.735.541.848.956.262.772.882.391.4
101.3113.7129.9144.5156.5171.8190.8207.5228.0251.4278.5305.9333.3356.5381.2411.1441.6473.7524.2597.4672.6732.5791.9878.6
1,010.31,163.01,328.41,460.41,566.71,641.11,828.82,054.62,312.82,615.42,963.23,248.63,549.63,761.53,923.44,042.93,812.03,874.23,874.63,923.43,959.73,982.94,020.64,042.94,059.24,099.64,160.2
6.56.46.05.44.94.84.95.15.35.66.16.77.27.78.29.09.8
10.411.112.112.813.915.216.818.921.223.125.127.529.430.532.435.439.844.949.955.463.972.886.897.5
107.2111.3113.7112.4105.995.287.783.080.578.479.180.779.779.379.979.180.280.480.680.780.880.880.9
30.031.230.829.929.730.836.943.950.957.166.775.684.293.6
105.4120.9134.6146.1160.7178.7194.7214.1236.2261.7287.0312.1333.4356.1383.5412.2443.2491.8562.0632.8687.5742.0823.2946.4
1,090.21,241.71,362.91,459.51,529.81,715.11,942.22,206.92,520.22,875.53,165.73,469.13,683.13,844.23,962.23,732.33,794.93,794.83,844.23,879.53,902.53,940.03,962.23,978.44,018.84,079.3
17.418.418.217.817.918.623.028.233.337.645.251.758.566.175.788.299.0
107.6117.7130.9141.9154.6169.3186.4203.4220.5232.9247.3264.8283.2297.4325.9366.5407.9440.7482.1546.3642.7753.5870.5965.1
1,039.81,081.71,199.41,335.11,504.71,707.11,936.12,169.32,408.42,615.42,778.82,953.52,649.92,700.12,722.82,778.82,823.12,856.72,911.42,953.52,976.83,026.93,088.5
5.75.95.85.85.65.76.16.67.58.6
10.111.512.312.913.514.314.915.316.818.720.323.025.829.033.637.240.343.947.352.260.170.182.893.1
100.0100.6105.7114.0124.9134.9142.3142.1145.8160.9185.7215.6251.8276.0293.7306.5309.4306.4295.0312.3314.8305.9306.4309.0304.8302.0295.0293.6290.6290.9
6.97.06.76.36.26.47.79.1
10.210.811.512.513.414.516.318.320.723.226.129.232.436.541.146.250.054.560.164.871.476.985.695.9
112.7131.7146.9159.3171.2189.7211.8236.3255.5277.5302.2354.8421.4486.6561.3663.4702.7754.2758.3759.0713.7770.1779.9766.0759.0747.4741.0726.6713.7708.1701.3699.9
2.33.03.74.14.24.36.39.8
13.617.122.126.629.332.136.242.947.851.655.259.362.365.669.473.477.281.284.188.293.4
100.2109.2120.7131.1135.0140.2147.0154.1161.7176.4199.0225.1238.9248.9279.8294.8328.3370.5431.4459.7486.8517.9537.2533.3525.3545.7535.3537.2538.1536.1537.5533.3530.5522.6517.9
2.33.03.74.14.24.36.19.3
12.515.018.822.925.428.132.138.943.947.250.153.856.459.162.265.969.273.176.179.984.490.297.3
105.2113.0116.2121.3127.7133.5141.6153.4172.9195.2207.6217.9248.8265.9288.8328.6387.9414.2440.1470.9493.3489.8478.0497.3491.4493.3494.3492.4493.9489.8487.0479.0474.2
2.33.03.74.14.24.13.73.85.36.98.59.7
10.812.012.814.315.516.519.723.826.729.532.335.038.342.044.847.450.654.559.965.768.266.265.166.166.568.071.481.093.6
101.3108.0127.4136.7153.0185.5235.5258.8282.8310.9330.6326.0317.0334.1329.1330.6330.6328.8329.5326.0323.4315.2310.5
0.22.45.57.28.1
10.313.214.616.119.324.628.430.730.430.029.729.629.930.930.931.131.332.533.835.737.339.544.750.056.261.667.073.682.092.0
101.6106.2109.9121.4129.1135.8143.1152.4155.4157.3160.0162.7163.8161.0163.2162.2162.7163.7163.6164.4163.8163.6163.8163.7
27.728.227.125.825.526.530.634.137.340.044.749.154.961.569.378.086.894.6
105.5119.4132.3148.5166.9188.2209.8231.0249.3267.9290.1312.0333.9371.1430.9497.7547.3595.0669.0784.6913.9
1,042.71,137.81,220.61,280.91,435.31,647.31,878.62,149.72,444.12,706.02,982.23,165.23,307.03,428.93,206.93,249.23,259.43,307.03,341.53,366.43,402.53,428.93,447.93,496.23,561.4
15.115.414.513.713.714.316.918.920.822.626.328.933.238.043.649.355.160.467.677.085.595.5
107.1120.5134.1147.4156.9167.4180.4193.0200.2220.7253.5291.7319.4354.3412.8501.0600.2697.6769.9832.2863.9950.6
1,069.21,215.91,378.51,548.21,755.11,968.32,144.52,285.52,463.82,171.92,202.82,231.52,285.5
2,328.72,364.32,417.62,463.82,489.82,548.02,614.3
1 Includes FHA insured multifamily properties, not shown separately.2 Derived figures. Total includes multifamily and commercial properties, not shown separately.
Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.
356Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-75.—Mortgage debt outstanding by holder, 1940-93
[Billions of dollars]
End of yearor quarter
1940194119421943194419451946194719481949
195019511952195319541955.1956195719581959
1960.1961196219631964196519661967 .. .19681969
197019711972197319741975197619771978 .. . .19791980198119821983198419851986198719881989
199019911992
1991: 1IIIIIIV
1992- 1IIIllIV
1993- 1IIIll
Total
36.537.636.735.334.735.541.848.956.262.7
72.882 391.4
101.3113.7129 9144.5156.51718190.8
207.5228.0251.4278 5305.9333.3356.5381.2411.1441.6
473.7524.2597 4672.6732 5791.9 •878 6
1,010.31,163.01,328.4
1,460.41,566.71,641.11 828 82,054.62,312.82,615.42 963 23 248 63,549.6
3,761.53,923.44,042.9
3,812.03,874.23,874.63,923.4
3,959.73,982.94,020.64,042.9
4 059 24,099.64,160.2
Major financial institutions
Total
19.520.720.720.220.221.026.031.837.842.9
51.759 566.975.185.799 3
111.2119.71315145.5
157.6172.6192.5217 1241.0264.6280.8298.8319.9339.1
355.9394.2450 0505.4542 6581.2647 5745.2848.2938.2
996.81,040.51,021.31 108 21,245.91,361.51,474.31 665 31 831 51,931.51,914.31,846.71,769.2
1,902.91,899.41,860.81,846.7
1,826.71,803.81,793.51,769.2
1753 01,765.11,770.3
Savingsinstitu-tions *
9.09.49.29.09.19.6
11.513.816.118.3
21.925 529.834.941.148 955.561.268 978.1
87.098.0
111.1127 2141.9154.9161.8172.3184.3196.4
208.3236.2273 7305.0324 2355.8404.6469.4528.0574.6
603.1618.5578.1626 7709.7760.5778.0860 5924 6910.3
801.6705.4628.0
776.5755.4719.7705.4
682.3659.6648.2628.0
617.2612.4610.1
Commer-cial
banks2
4.64.94.74.54.44.87.29.4
10.911.6
13.714 715.916.918.621022.723.325 528.1
28.830.434.539 444.049.754.459.065.770.7
73.382.599 3
119.11321136.21513179.0214.0245.2
262.7284.2301.3330 5379.5429.2502.5592 4674 0767.1
844.8876.1894.5857.4872.4871.0876.1
881.0885.0891.4894.5
891.8910.9922.4
Lifeinsur-ancecom-
panies
6.06.46.76.76.76.67.28.7
10.812.9
16.119 321.323.326.029 433.035.237 139.2
41.844.246.950.555.260.064.667.570.072.0
74.475.576 981.486 289.291696.8
106.2118.4
131.1137.7142.01510156.7171.8193.8212.4232 9254.2
267.9265.3246.7
269.0271.7270.1265.3
263.3259.3253.9246.7
244.1241.7237.8
Other holders
Federaland
relatedagen-cies3
4.94.74.33.63.02.42.01.81.82.3
2.8354.14.64.85.36.27.780
10.2
11.512.212.611.812.213.517.520.925.131.1
38.346.454.664.882 2
101.1116.7140.5170.6216.0
256.8289.4355.4433.4490.6581.9733.7858.9937.8
1,067.3
1,258.91,422.61,558.3
1,302.31,351.71,389.51,422.6
1,458.11,497.11,521.51,558.3
1,587.01,600.51,637.9
Individ-uals andothers 4
12.012.211.711.511.512.113.815.316.617.5
18.419 320.421.723.225.327.129.132 335.1
38.443.146.349.552.755.258.261.466.171.4
79.483.692.8
102.4107.7109.6114.4124.6144.3174.3
206.8236.8264.4287.2318.1369.4407.3439.0479.4550.7
588.3654.0715.4
606.8623.0624.3654.0
674.9681.9705.6715.4
719.2734.0752.0
1 Includes savings banks and savings and loan associations. Data reported by Federal Savings and Loan Insurance Corporation-insuredinstitutions include loans in process for 1987 and exclude loans in process beginning 1988.
2 Includes loans held by nondeposit trust companies, but not by bank trust departments.3 Includes Government National Mortgage Association (GNMA), Federal Housing Administration, Veterans Administration, Farmers Home
Administration (FmHA), and in earlier years Reconstruction Finance Corporation, Homeowners Loan Corporation, Federal Farm MortgageCorporation, and Public Housing Administration. Also includes U.S.-sponsored agencies such as Federal National Mortgage Association(FNMA), Federal Land Banks, Federal Home Loan Mortgage Corporation (FHLNIC), and mortgage pass-through securities issued orguaranteed by GNMA, FHLMC, FNMA or FmHA. Other U.S. agencies (amounts small or current separate data not readily available)included with "individuals and others."
4 Includes private mortgage pools.
Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.
357Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-76.—Consumer credit outstanding, 1952-93
[Amount outstanding (end of month); millions of dollars, seasonally adjusted]
Year and monthTotal
consumercredit
Installment c red i t l
Total Automobile Revolving2 Other3Noninstallment
credit4
December-.19521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
198019811982198319841985198619871988 51989
199019911992
1992:JanFebMar
May!"!!!'.!'.'.!'.'.!J u n e
JulyAugSeptOctNovDec
1993:JanFebMarAprMayJuneJulyAugSeptOctNov "
29,76633,76935,02741,88545,50348,13248,35655,878
60,03562,34068,23176,60685,98995,948101,839106,716117,231126,928
131,600147,058166,009190,601199,365204,963228,162263,808308,272347,507
350,269366,869383,132431,170511,314591,291647,982680,036729,121786,732
798,274784,061793,175
786,081784,884784,676780,983780,283780,163
779,563781,043782,778784,113787,521793,175
797,126799,251800,930804,514804,406805,691
810,546813,472820,017827,318833,437
20,12123,87024,47029,80932,66034,91434,73640,421
44,33545,43850,37557,05664,67472,81478,16281,78390,11299,381
103,905116,434131,258152,910162,203167,043187,782221,475261,976296,483
298,154311,259325,805368,966442,602517,660572,006608,675662,553724,353
738,765733,510741,093
735,406734,225734,434731,736730,612730,866
730,496731,023733,023734,195736,023741,093
743,583747,228750,131752,193750,293752,428
757,465762,503768,573776,234783,115
7,6519,7029,75513,48514,49915,49314,26716,641
18,10817,65620,00122,89125,86529,37831,02431,13634,35236,946
36,34840,52247,83553,74054,24156,98966,82180,94898,739112,475
111,991119,008125,945143,560173,564210,238247,772266,295285,364292,536
284,739260,898259,627
261,553260,666262,087260,746259,844257,989
258,259258,827259,433258,208258,860259,627
258,737261,434262,313262,463264,007265,388
267,468268,784270,650274,600277,576
2,0223,563
4,9008,2529,391
11,31813,23214,507,16,59536,68945,20253,357
55,11161,07066,45479,088
100,280121,758135,825153,064174,269198,544
222,552243,564254,299
245,609246,474246,324246,987247,205248,795
248,980249,384250,456251,806252,086254,299
255,984258,384259,661261,450262,690263,338
266,938270,753273,703277,125279,273
12,47014,16814,71516,32418,16119,42120,46923,780
26,22727,78230,37434,16538,80943,43647,13850,64753,73858,872
62,65767,66074,03287,85294,73095,547
104,366103,838118,035130,651
131,053131,182133,406146,318168,758185,664188,408189,316202,921233,273
231,474229,048227,167
228,243227,085226,023224,002223,562224,081
223,257222,812223,135224,181225,077227,167
228,862227,410228,157228,280223,596223,701
223,058222,967224,220224,509226,266
9,6459,899
10,55712,07612,84313,21813,62015,457
15,70016,90217,85619,55021,31523,13423,67724,93327,11927,547
27,69530,62434,75137,69137,16237,92040,38042,33346,29651,024
52,11555,61057,32762,20468,71373,63175,97671,36266,56862,379
59,50950,55152,082
50,67650,65950,24249,24749,67149,297
49,06750,02049,75549,91951,49752,082
53,54352,02350,79952,32154,11353,263
53,08150,96951,44451,08450,322
1 Installment credit covers most short- and intermediate-term credit extended to individuals through regular business channels,usually to finance the purchase of consumer goods and services or to refinance debts incurred for such purposes, and scheduled to berepaid (or with the option of repayment) in two or more installments. Credit secured by real estate is excluded.
2 Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Excludes 30-day charge credit held by travel and entertainment companies. Prior to 1968, included in "other," except gasoline companies included innoninstallment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in "other." Also beginning1977, some retail credit was reclassified from commercial into consumer credit.
3 Includes mobile home loans and all other installment loans not included in autombile or revolving credit, such as loans foreducation, boats, trailers, or vacations. These loans may be secured or unsecured.
4 Noninstallment credit is credit scheduled to be repaid in a lump sum, including single-payment loans, charge accounts, and servicecredit. Because of inconsistencies in the data and infrequent benchmarking, series is no longer published by the Federal Reserve Boardon a regular basis. Data are shown here as a general indication of trends.
5 Data newly available in January 1989 result in breaks in many series between December 1988 and subsequent months.
Source: Board of Governors of the Federal Reserve System.
358Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
GOVERNMENT FINANCE
TABLE B-77.—Federal receipts, outlays, surplus or deficit, and debt, selected fiscal years, 1929-95
[Billions of dollars; fiscal years]
Fiscal yearor period
1929193319391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976Transition
quarter...1977197819791980198119821983198419851986198719881989199019911992199319942
19952
Total
Re-ceipts
392.06.36.58.7
14.624.043.745 239.338 541.639.439.451.666.269.669.765.574.680.079.679.292 594.499.7
106.6112.6116.8130 8148.8153.0186.9192 8187.1207 3230.8263.2279.1298.1
81.2355.6399.6463.3517.1599.3617.8600.6666.5734.1769.1854.1909.0990.7
1,031.31,054.31,090.51,153.51,249.11,353.8
Outlays
314.69.19.5
13.735.178.691.392 755.234 529.838.842.645.567.776.170.968.470.676.682.492.192 297.7
106.8111.3118.5118.2134 5157.5178.1183.6195 6
. 210.2230 7245.7269.4332.3371.8
96.0409.2458.7503 5590.9678.2745.8808.4851.8946.4990.3
1,003.91,064.11,143.21,252.71,323.81,380.91,408.21,483.81,518.9
Surplusor
deficit
07-2 .6- 2 . 8-2 .9-4 .9
-20 .5-54.6-47.6- 4 7 6-15.9
4011.8
.6- 3 . 1
6.1- 1 . 5- 6 . 5-1 .2-3 .0
3.93.4
- 2 . 8-12.8
3- 3 . 3- 7 . 1- 4 . 8-5 .9-1 .4- 3 7-8 .6
-25.23.2
- 2 8-23.0- 2 3 4-14.9
- 6 . 1-53.2-73.7
-14.7-53.7-59.2-40.2-73.8-79.0
-128.0-207.8-185.4-212.3-221.2-149.8-155.2-152.5-221.4-269.5-290.4-254.7-234.8-165.1
Re-ceipts
5.8"6.08.0
13.722.942.543 838.137 139.937.737.348.562.665.565.160.468.273.271.671.081982.387.492.496.2
100.1111 7124.4128.1157.9159 3151.3167 4184.7209.3216.6231.7
63.2278.7314.2365.3403.9469.1474.3453.2500.4547.9568.9640.7667.5727.0749.7760.4788.0841.6912.9998.6
On-budge
Outlays
9.2"9.5
13.635.178.591.292 655^034 229.438.442.044.266.073.867.964.565.770.674.983.181.3
93J96.4
102.8101.7114 8137.0155.8158.4168 0177.3193 8200.1217.3271.9302.2
76.6328.5369.1403.5476.6543.1594.4661.3686.0"769.6806.8810.1861.4932.3
1,027.61,082.11,128.51,141.61,203.01,223.6
Surplusor
deficit
-3 .4
- 3 . 5-5 .6
-21.3-55.6-48.7- 4 8 7-17.0
2910.5— 7
-4 .74.3
-3 .4- 8 . 3- 2 . 8- 4 . 1
2.52.6
- 3 . 3- 1 2 . 1
5- 3 . 8- 5 . 9- 4 . 0- 6 . 5- 1 . 6- 3 1
-12.6-27.7
- . 5- 8 7
-26.1- 2 6 4-15.4
- 8 . 0-55 .3-70.5
-13.3-49.8-54.9-38.2-72.7-74.0
-120.1-208.0-185.7-221.7-238.0-169.3-194.0-205.2-278.0-321.7-340.5-300.0-290.1-225.0
Re-ceipts
0.5.6.7.9
1.11.3131.21 51.61.72.13.13.64.14.65.16.46.88.08.3
10 612.112.314.216.416.719 124.424.929.033 535.839 946.153.962.566.4
18.076.885.498.0
113.2130.2143.5147.3166.1186.2200.2213.4241.5263.7281.7293.9302.4311.9336.2355.2
Off-budge
Outlays
- 0 . 0- . 0
.0
.1
.1
.11
.2
.3
.4,4
.51.31.72.32.94.05.06.07.59.0
10 911.713.515.015.716.519 720.422.325.227 632.836 945.652.160.469.6
19.480.789.7
100.0114.3135.2151.4147.1165.8176.8183.5193.8202.7210.9225.1241.7252.3266.6280.9295.4
t
Surplusor
deficit
0.5.6.7.8
1.01.21 21.01 21.21.31.61.81.91.81.71.11.5.8.5
- . 7_ 2
.4- 1 . 3
- . 8.6.2
- 64.02.63.7593.03 1
.51.82.0
-3 .2
-1 .4-3 .9- 4 . 3-2 .0-1 .1- 5 . 0-7 .9
.2
.39.4
16.719.638.852.856.652.250.145.355.359.9
Gross Federal debt/pn/j nf narinfi\
Total
1 16 91 22.5
48.250.757.579.2
142.6204.1260 1271.0257 1252.0252.6256.9255.3259.1266.0270.8274.4272.7272.3279.7287.5290 5292.6302.9310.3316.1322.3328 5340.4368.7365.8380 9408.2435 9466.3483.9541.9629.0
643.6706.4776.6828.9908.5994.3
1,136.81,371.21,564.11,817.02,120.12,345.62,600.82,867.53,206.23,598.34,001.94,351.24,676.04,960.1
Held bythe
public
41.4
42.848.267.8
127.8184.8235 2241.9224 3216.3214.3219.0214.3214.8218.4224.5226.6222.2219.3226.3234.7236 8238.4248.0254.0256.8260.8263 7266.6289.5278.1283 2303.0322 4340.9343.7394.7477.4
495.5549.1607.1639.8709.3784.8919.2
1,131.01,300.01,499.41,736.21,888.12,050.32,189.32,410.42,687.92,998.63,247.23,472.43,646.1
Adden-
Grossdomes-
ticproduct
87.895.4
112.5141.8175.4201.7212 0212.5222 9246.7262.7
265.8313.5340.5363.8368.0384.7416.3438.3448.1480.2504 6517.0555.2584.5625.3671.0735 4793.3847.2925.7985 4
1,050.91 147 81,274.01,403.61,509.81,684.2
445.01,917.22,155.02,429.52,644.12,964.43,122.23,316.53,695.03,967.74,219.04,452.44,808.45,173.35,481.55,673.35,937.26,294.86,641.27,022.0
1 Not strictly comparable with later data.2 Estimates.
Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscalyear is on an October l-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separate fiscalperiod known as the transition quarter.
Refunds of receipts are excluded from receipts and outlays.See Budget of the United States Government, Fiscal Year 1995, February 1994, for additional information.Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and
359Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-78.—Federal receipts, outlays, and debt, fiscal years 1982-95
[Millions of dollars; fiscal years]
DescriptionActual
1982 1983 1984 1985 1986 1987 1988
RECEIPTS AND OUTLAYS:Total receiptsTotal outlays
Total surplus or deficit ( - ) . . .
On-budget receiptsOn-budget outlays
On-budget surplus or deficit ( - )
Off-budget receiptsOff-budget outlays
Off-budget surplus or deficit ( - )
OUTSTANDING DEBT, END OF PERIOD:Gross Federal debt
Held by Government accountsHeld by the public
Federal Reserve SystemOther
617,766745,755
-127,989
474,299594,351
-120,052
143,467151,404
-7,937
1,136,798
217,560919,238
134,497784,741
600,562808,380
-207,818
453,242661,272
-208,030
147,320147,108
212
1,371,164
240,1141,131,049
155,527975,522
666,457851,846
-185,388
500,382686,032
-185,650
166,075165,813
262
1,564,110
264,1591,299,951
155,1221,144,829
734,057946,391
-212,334
547,886769,584
-221,698
186,171176,807
9,363
1,816,974
317,6121,499,362
169,8061,329,556
769,091990,336
-221,245
568,862806,838
-237,976
200,228183,498
16,731
2,120,082
383,9191,736,163
190,8551,545,308
854,1431,003,911
-149,769
640,741810,079
-169,339
213,402193,832
19,570
2,345,578
457,4441,888,134
212,0401,676,094
908,9541,064,140
-155,187
667,463861,449
-193,986
241,491202,691
38,800
2,600,760
550,5072,050,252
229,2181,821,034
RECEIPTS: ON-BUDGET AND OFF-BUDGET
Individual income taxesCorporation income taxesSocial insurance taxes and contributions....
On-budget....Off-budget...
Excise taxesEstate and gift taxesCustoms duties and feesMiscellaneous receipts:
Deposits of earnings by FederalReserve System
All other
OUTLAYS: ON-PUDGET AND OFF-BUDGET
National defenseInternational affairsGeneral science, space, and technologyEnergyNatural resources and environmentAgricultureCommerce and housing credit
On-budgetOff-budget....
617,766
297,74449,207
201,498
58,031143,467
36,3117,9918,854
15,186975
745,755
185,30912,3007,200
13,52712,99815,9446,256
6,256
600,562
288,93837,022
208,994
61,674147,320
35,3006,0538,655
14,4921,108
808,380
209,90311,8487,9359,353
12,67222,901
6,681
6,681
666,457
298,41556,893
239,376
73,301166,075
37,3616,010
11,370
15,6841,347
851,846
227,41315,8768,3177,086
12,59313,6136,917
6,917
734,057
334,53161,331
265,163
78,992186,171
35,9926,42212,079
17,0591,480
946,391
252,74816,1768,6275,68513,35725,5654,229
4,229
769,091
348,95963,143
283,901
83,673200,228
32,9196,95813,327
18,3741,510
990,336
273,37514,152.8,9764,73513,63931,4494,890
4,890
854,143
392,55783,926
303,318
89,916213,402
32,4577,49315,085
16,8172,490
1,003,911
281,99911,6499,2164,115
13,36326,6066,182
6,182
TransportationCommunity and regional developmentEducation, training, employment, and
social servicesHealthMedicareIncome securitySocial security
On-budgetOff-budget
Veterans benefits and services-Administration of justiceGeneral governmentNet interest
On-budgetOff-budget
AllowancesUndistributed offsetting receipts
On-budgetOff-budget
20,6258,347
27,02927,44546,567
107,717155,964
844155,120
23,9584,71210,91485,044
87,114-2,071
21,3347,560
26,60628,64152,588122,598170,724
19,993150,731
24,8465,10511,23589,828
91,673-1,845
23,6697,673
27,57930,41757,540112,668178,223
7,056171,167
25,6145,66311,817
111,123
114,432-3,310
25,8387,680
29,34233,54265,822128,200188,623
5,189183,434
26,2926,27011,588
129,504
133,622-4,118
-26,099
-24,453-1,646
-33,976
-32,198-1,778
-31,957
-29,913-2,044
-32,698
-30,189-2,509
28,1177,233
30,58535,93670,164119,796198,757
8,072190,684
26,3566,57212,564
136,047
140,377-4,329
-33,007
-30,150-2,857
26,2225,051
29,72439,96775,120123,250207,353
4,930202,422
26,7827,5537,565
138,652
143,942-5,290
-36,455
-33,155-3,300
908,954
401,18194,508334,335
92,845241,491
35,2277,59416,198
17,1632,747
1,064,140
290,36110,47110,8412,297
14,60617,21018,815
18,815
27,2725,294
31,93844,48778,878
129,332219,341
4,852214,489
29,4289,2369,464
151,838
159,253-7,416
-36,967
-32 ,585- 4 , 3 8 2
Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscalyear is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separate fiscalperiod known as the transition quarter.
Refunds of receipts are excluded from receipts and outlays.
See next page for continuation of table.
360Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-78.—Federal receipts, outlays, and debt, fiscal years 1982-95—Continued
[Millions of dollars; fiscal years]
DescriptionActual
1989 1990 1991 1992 1993
Estimates
1994 1995
RECEIPTS AND OUTLAYS:Total receiptsTotal outlays
Total surplus or deficit ( - ) . .
On-budget receiptsOn-budget outlays
On-budget surplus or deficit ( - ) . . . .
Off-budget receipts..Off-budget outlays....
Off-budget surplus or deficit ( - ) ..
OUTSTANDING DEBT, END OF PERIOD:Gross Federal debt
Held by Government accounts..Held by the public
Federal Reserve SystemOther
990,6911,143,172
-152,481
727,026932,261
-205,235
263,666210,911
52,754
2,867,493
678,1572,189,336
220,0881,969,248
1,031,3211,252,705
-221,384
749,6661,027,640
-277,974
281,656225,065
56,590
3,206,207
795,8412,410,366
234,4102,175,956
1,054,2721,323,793
-269,521
760,3881,082,106
-321,719
293,885241,687
52,198
3,598,303
910,3622,687,942
258,5912,429,351
1,090,4531,380,856
-290,403
788,0271,128,518
-340,490
302,426252,339
50,087
4,001,941
1,003,3022,998,639
296,3972,702,243
1,153,5351,408,205
-254,670
841,6011,141,618
-300,017
311,934266,587
45,347
4,351,223
1,104,0453,247,178
325,6532,921,526
1,249,0711,483,829
-234,758
912,8921,202,953
-290,061
336,179280,876
55,303
4,676,029
1,203,6173,472,412
1,353,8151,518,945
-165,130
998,5941,223,582
-224,987
355,221295,364
59,857
4,960,128
1,314,0013,646,127
RECEIPTS. ON-BUDGET AND OFF-BUDGET..
Individual income taxesCorporation income taxesSocial insurance taxes and contributions..
On-budgetOff-budget
Excise taxesEstate and gift taxesCustoms duties and feesMiscellaneous receipts:
Deposits of earnings by FederalReserve System
All other
OUTLAYS: ON-BUDGET AND OFF-BUDGET..
National defenseInternational affairsGeneral science, space, and technology..EnergyNatural resources and environmentAgricultureCommerce and housing credit
On-budgetOff-budget
TransportationCommunity and regional developmentEducation, training, employment, and social
servicesHealthMedicareIncome securitySocial security
On-budgetOff-budget
Veterans benefits and servicesAdministration of justiceGeneral governmentNet interest
On-budgetOff-budget
AllowancesUndistributed offsetting receipts
On-budgetOff-budget
990,691
445,690103,291359,416
95,751263,666
34,3868,745
16,334
19,6043,225
1,143,172
303,5599,57312,8382,70616,18216,91929,211
29,520-310
27,6085,362
36,67448,39084,964136,031232,542
5,069227,473
30,0669,4749,017
169,266
180,661-11,395
1,031,321
466,88493,507
380,047
98,392281,656
35,34511,50016,707
24,3193,011
1,252,705
299,33113,76414,4443,34117,08011,95867,142
65,5161,626
29,4858,498
38,75557,71698,102147,019248,623
3,625244,998
29,1129,99510,734
184,221
200,212-15,991
1,054,272
467,82798,086396,016
102,131293,885
42,40211,13815,949
19,1583,696
1,323,793
273,29215,85116,1112,43618,55915,18375,639
74,3211,317
31,0996,811
43,35471,183104,489170,301269,015
2,619266,395
31,34912,27611,661
194,541
214,763-20,222
1,090,453
475,964100,270413,689
111,263302,426
45,56911,14317,359
22,9203,538
1,380,856
298,35016,10716,4094,50020,02515,20510,083
9,424659
33,3336,838
45,24889,497119,024196,958287,585
6,166281,418
34,13814,42612,990
199,421
223,059-23,637
1,153,535
509,680117,520428,300
116,366311,934
48,05712,57718,802
14,9083,691
1,408,205
291,08616,82617,0304,319
20,23920,443
-22,725
-24,1661,441
35,0049,051
50,01299,415130,552207,257304,585
6,236298,349
35,72014,95513,009
198,811
225,599-26,788
1,249,071
549,901130,719461,923
125,744336,179
54,55012,74919,198
15,8474,184
1,483,829
279,82418,96817,2794,98822,28516,868
504
-1,2451,748
37,5829,282
50,793112,252143,651214,626320,460
5,796314,663
38,12916,47914,299
203,448
232,521-29,073
-37,212
-32,354-4,858
-36,615
-31,048-5,567
-39,356
-33,553-5,804
-39,280
-33,179-6,101
-37,386
-30,970-6,416
-37,887
-31,425-6,463
1,353,815
595,048140,437490,393
135,172355,221
71,88813,88520,856
16,6044,705
1,518,945
270,72517,79816,9414,564
21,81712,795
-5,482
-8,7413,259
38,3689,154
53,524123,077156,228221,440337,168
6,639330,529
39,24717,33113,807
212,835
244,504-31,669
205-42 ,597
-35,841-6,756
See Budget of the United States Government, Fiscal Year 1995, February 1994, for additional information.
Sources: Department of the Treasury and Office of Management and Budget.
361Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-79.—Federal budget receipts, outlays, surplus or deficit, and debt, as percentages oj gross domestic
product, 1934-93
[Percent; fiscal years]
Fiscal year
1934 .
19351936 .193719381939
1940194119421943 . .194419451946 . .194719481949 .
1950195119521953195419551956195719581959 .
1960196119621963196419651966196719681969
1970197119721973197419751976Transition quarter19771978 . .1979
1980198119821983198419851986198719881989
19901991199219931994 l
1995 1
Receipts
4.9
5.35.16.27.77.2
6.977
10.313.721.721.318.517.316.815.0
14.816.519.419.118.917.017.918.317.816.5
18.318.318.018 218.017.417.818.818.120.2
19.617.818.118.118.818.517.718.318.518.519.1
19.620.219 818.118.018 518.219.218 919.2
18.818.618.418 318.819.3
Outlays
Total
10.8
9.310.68.77.8
10.4
9.912 124.844.845.343.726.015.512.114.8
16.014.519.920.919.317.817.017.518.419.2
18.318.919.219 019.017.618.319.821.019.8
19.920.020.119.319.222.022.121.621.321.320.7
22.322.923 924.423.123 923.522.522 122.1
22.923.323.322 422.321.6
Nationaldefense
1.757
18.138.039.239.120.1
5.73.75.0
5.27.5
13.514.513.411.110.210.410.410.2
9.59.69.4918.87.57.99.09.78.9
8.37.56.96.05.75.75.35.05.14.84.8
5.15.35.96.36.26.46.56.36.05.9
5.54.85.04.64.23.9
Surplus ordeficit ( )
- 5 . 9
- 4 . 1-5 .6- 2 . 5
— 1-3^2
- 3 . 1- 4 4
-14.5-31.1-23.6-22.4
- 7 . 51.84.8
.2
-1 .21.9
- . 4-1 .8
- . 3- . 8
.9
.8- . 6
-2 .7
.1- . 6
- 1 . 3- 8- . 9- . 2- . 5
- 1 . 1-3 .0
.4
- . 3-2 .2- 2 . 0-1 .2
- . 4- 3 . 5-4 .4- 3 . 3- 2 . 8-2 .7-1 .7
- 2 . 8- 2 . 7- 4 . 1- 6 . 3-5 .0-5 .4-5 .2-3 .4-3 .2- 2 . 9
- 4 . 0- 4 . 8- 4 . 9- 4 . 0- 3 . 5-2 .4
Gross Federal debt (period)
Total
53.151.155.981.3
101.2122.7127.5115.4102.296.2
96.681.476.173.173.671.365.562.162.459.9
57.656.654.653.150.548.044.742.943.539.5
38.738.838.036.634.535.937.336.236.836.034.1
34.433.536.441.342.345.850.352.754.155.4
58.563.467.469.170.470.6
end of
Held by public
44.842.947.872.891.6
110.9113.8100.687.781.6
82.468.463.160.061.058.953.450.050.548.9
46.946.144.743.541.138.935.933.634.230.0
28.728.828.126.824.526.128.327.828.628.226.3
26.826.529.434.135.237.841.242.442.642.3
44.047.450.551.652.351.9
1 Estimates.
Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), thefiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separatefiscal period known as the transition quarter.
See Budget of the United States Government, Fiscal Year 1995, February 1994, for additional information.
Sources-. Department of the Treasury and Office of Management and Budget.
362Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-80.—Federal and State and local government receipts and expenditures, national income and
product accou nts, 195 9-93
[Biiiions of dollars; quarterly data at seasonally adjusted annual rates]
Yearor
quarter
Total government
Receipts Expendi-tures
Surplus ordeficit(-),
nationalincome
andproduct
accounts
Federal Government
Receipts Expendi-tures
Surplus ordeficit
nationalincome
andproduct
accounts
State and local government
Receipts Expendi-tures
Surplus ordeficit(-).
nationalincome
andproductaccounts
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993"
1982: IV...1983: IV...1984: IV...1985: IV...1986: IV...1987: IV...1988: IV1989: IV
1990:1..IIIllI V
1991:1
II
IV
1992:1..
1993:1..
Ill
IV P
128.8
138.8144.1155.8167.5172.9
187.0210.7226.4260.9294.0
299.8318.9364.2408.5450.7
465.8532.6598.4673.2754.7
825.7941.9960.5
1,016.41,123.6
1,217.01,290.81,405.21,492.41,622.6
1,709.11,755.21,849.41,969.1
965.91,043.71,147.11,243.81,335.41,445.71,535.81,644.1
1,676.11,705.11,728.71,726.5
1,728.11,740.91,765.01,786.8
1,819.71,837.61,834.41,906.01,902.51,966.31,981.4
131.9
135.2147.1158.7165.9174.5
185.8211.6240.2265.5284.0
311.2338.1368.1401.6455.2
530.6570.9615.2670.3745.3
861.0972.3
1,069.11,156.21,232.4
1,342.21,437.51,516.91,590.71,700.1
1,847.51,951.32,118.52,192.7
1,122.81,180.01,274.91,374.71,461.61,561.51,630.51,744.3
1,808.01,827.71,848.61,905.8
1,867.21,941.61,977.22,019.4
2,083.92,109.72,123.82,156.62,165.32,187.92,195.82,222.1
- 3 . 1
3.6- 3 . 0-2 .9
1.6-1 .6
1.2- 1 . 0
-13.7- 4 . 610.0
-11 .5-19.2
-3 .96.9
- 4 . 5
-64.8-38 .3-16.8
2.99.4
-35 .3-30 .3
-108.6-139.8-108.8
-125.3-146.8-111.7
-98 .3-77.5
-138.4-196.2-269.1-223.7
-156.9-136.3-127.8-130.9-126.2-115.8
-94.7-100.2
-131.9-122.7-119.9-179.3
-139.1-200.7-212.2-232.6
-264.2-272.2-289.5-250.6-262.8-221.5-214.4
90.6
97.099.0
107.2115.5116.2
125.8143.5152.6176.8199.6
195.2202.6232.0263.7294.0
294.8339.9384.0441.2504.7
553.0639.0635.4660.0725.8
788.6827.2913.8972.3
1,059.3
1,111.41,127.81,183.01,267.6
632.3671.1739.8803.6856.8943.5
1,000.61,068.3
1,091.31,114.51,123.71,115.8
1,115.81,120.31,132.61,142.5
1,165.91,176.11,169.11,221.11,218.41,268.01,275.9
93.2
93.4101.7110.6114.4118.8
124.6144.9165.2181.5191.0
208.5224.3249.3270.3305.6
364.2392.7426.4469.3520.3
613.1697.8770.9840.0892.7
969.91,028.21,065.61,109.01,181.6
1,274.91,331.21,459.31,493.4
815.7855.7926.6990.8
1,034.31,096.31,135.51,209.8
1,257.81,266.51,268.31,306.9
1,261.01,326.51,350.21,387.2
1,436.11,456.01,459.81,485.31,481.91,490.61,488.51,512.5
- 2 . 6
3.5- 2 . 6- 3 . 4
1.1- 2 . 6
1.3- 1 . 4
-12.7- 4 . 7
8.5
-13.3-21 .7-17 .3
- 6 . 6-11.6
-69 .4-52.9-42.4-28.1-15.7
-60.1-58 .8
-135.5-180.1-166.9
-181.4-201.0-151.8-136.6-122.3
-163.5-203.4-276.3-225.8
-183.4-184.6-186.8-187.2-177.5-152.7-134.9-141.5
-166.4-152.0-144.6-191.0
-145.2-206.2-217.7-244.7
-270.2-279.9-290.7-264.2-263.5-222.6-212.7
45.0
48.352.456.661.167.1
72.381.589.8
102.7114.8
129.0145.3169.7185.3200.6
225.6253.9281.9309.3330.6
361.4390.8409.0443.4492.2
528.7571.2594.3631.3681.5
730.0780.5837.8887.3
417.9459.5505.1544.8582.4605.1648.2697.7
712.5722.4736.9748.3
756.2772.0787.0806.6
817.2833.2839.0861.6860.2881.0894.2
45.5
48.352.756.160.666.1
72.381.190.9
102.6113.3
127.2142.8156.3171.9193.5
221.0239.3256.3278.2305.4
336.6362.3382.1403.2434.1
472.6517.0554.2593.0636.7
704.9773.2830.6885.2
391.4411.1446.1488.4531.1568.1607.9656.4
677.9693.1712.2736.5
750.1766.5781.5794.5
811.2825.5837.8848.0859.4880.0895.9905.5
- 0 . 5
.0- . 4
.5
.41.0
.0
.5- 1 . 1
.11.5
1.82.5
13.413.47.1
4.614.625.631.125.1
24.828.526.940.358.1
56.154.340.138.444.8
25.17.37.22.1
26.548.359.056.351.237.040.241.3
34.529.324.711.7
6.15.55.5
12.1
6.17.81.2
13.5
1.1- 1 . 7
Note.—Federal grants-in-aid to State and local governments are reflected in Federal expenditures and State and local receipts. Totalgovernment receipts and expenditures have been adjusted to eliminate this duplication.
Source: Department of Commerce, Bureau of Economic Analysis.
363Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-81.—Federal and State and local government receipts and expenditures, national income and
product accounts, by major type, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 >>
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1IIIllIV
1991:1IIIllIV
1992:1IIIllIV
1993:1IIIllIV "....
Receipts
Total
128.8
138.8144.1155.8167.5172.9
187.0210.7226.4260.9294.0
299.8318.9364.2408.5450.7
465.8532.6598.4673.2754.7
825.7941.9960.5
1,016.41,123.6
1,217.01,290.81,405.21,492.41,622.6
1,709.11,755.21,849.41,969.1
965.91,043.71,147.11,243.81,335.41,445.71,535.81,644.1
1,676.11,705.11.728.71,726.5
1,728.11,740.91,765.01,786.8
1.819.71,837.61,834.41,906.0
1,902.51,966.31,981.4
Parper-
sonaltaxand
nontaxre-
ceipts
44.5
48.750.354.858.056.0
61.971.077.992.1
109.9
109.0108.7132.0140.6159.1
156.4182.3210.0240.1280.2
312.4360.2371.4368.8395.1
436.8459.0512.5527.7593.3
623.3620.4644.8681.6
372.1371.6413.4448.8478.5528.6542.0605.1
611.9627.4628.5625.2
616.4616.6619.7628.8
630.9634.6642.8670.7
657.1681.0689.0699.1
Corpo-rate
profitstax ac-cruals
23.6
22.722.824.026.228.0
30.933.732.739.439.7
34.437.741.949.351.8
50.964.273.083.588.0
84.881.163.177.294.0
96.5106.5127.1137.0141.3
138.7129.8146.3171.7
58.782.283.897.6
116.6135.2146.2134.2
132.0139.8145.7137.0
125.4128.0132.5133.4
147.0153.0130.1155.0
160.9173.3169.5
In-directbusi-nesstaxandnon-taxac-
cruals
41.9
45.548.151.754.758.8
62.765.470.479.086.6
94.3103.6111.4121.0129.3
140.0151.6165.5177.8188.7
212.0249.3256.4280.1309.5
329.9345.5365.0385.3414.7
444.0476.6502.8530 5
262.3291.7317.7335.1351.6372.3394.2424.4
436.2437.2448.0454.8
465.6470.5481.3488.9
493.4497.3504.8515.7
515.6526.2532.4547.9
Contri-butions
forsocialinsur-ance
18.8
21.922.925.428.530.1
31.640.645.550.457.9
62.268.979.097.6
110.5
118.5134.5149.8171.8197.8
216.6251.3269.6290.2325.0
353.8379.8400.7442.3473.2
503.1528.4555.6585.3
272.8298.3332.2362.3388.7409.6453.5480.4
495.9500.7506.4509.5
520.7525.7531.5535.7
548.5552.7556.6564.6
568.9585.9590.5596.0
Expenditures
Total»
131.9
135.2147.1158.7165.9174.5
185.8211.6240.2265.5284.0
311.2338.1368.1401.6455.2
530.6570.9615.2670.3745.3
861.0972.3
1,069.11,156.21,232.4
1,342.21,437.51,516.91,590.71,700.1
1,847.51,951.32,118.52,192.7
1,122.81,180.01,274.91,374.71,461.61,561.51,630.51,744.3
1,808.01,827.71,848.61,905.8
1,867.21,941.61,977.22,019.4
2,083.92,109.72,123.8
.2,156.6
2,165.32,187.92,195.82,222.1
Pur-chases
99.0
99.8107.0116.8122.3128.3
136.3155.9175.6191.5201.8
212.7224.3241.5257.7288.3
321.4341.3368.0403.6448.5
507.1561.1607.6652.3700.8
772.3833.0881.5918.7975.2
1,047.41,099.31,131.81,157.1
631.6657.6727.0799.2849.7901.4937.6994.5
1,027.71,037.31,048.31,076.5
1,093.01,099.91,104.01,100.2
1,118.51,125.81,139.11,143.8
1,139.71,158.61,164.81,165.3
Trans-fer
pay-ments
27.5
29.333.634.736.638.1
41.145.854.562.669.3
83.899.4
110.9126.6150.5
189.2206.5220.9238.6266.9
317.6360.7402.7433.4447.2
479.5509.4531.8566.2615.1
679.5721.3853.1903.9
428.1439.1456.2488.3518.6542.6578.6639.0
660.6671.4682.6703.3
647.4708.9749.8779.0
829.2845.9857.1880.1
886.2896.6910.1922.8
Net interest paid
Total
6.3
6.96.46.97.47.9
8.18.58.9
10.311.5
12.412.512.915.216.3
18.522.824.426.528.7
33.448.155.561.879.1
88.390.695.4
101.8112.4
125.2140.5141.1135.3
56.667.786.789.290.5
101.3105.0114.8
118.4124.9132.4125.1
134.6141.1140.9145.5
143.0144.4141.6135.6
132.8137.2137.0134.3
Inter-estpaid
10.19.9
10.811.612.5
13.214.515.718.119.8
22.323.124.829.633.6
37.743.647.956.868.6
83.9110.2130.6146.6174.6
195.9207.9215.9229.9251.0
269.6284.4286.1286.2
135.6156.1186.5201.6208.7222.9236.0256.0
260.0266.1274.1278.3
280.3284.2285.2287.8
285.4287.8287.6283.5
281.8287.4288.9286.8
Less:Inter-
est re-ceived
bygovern-ment 2
3.33.53.94.24.6
5.16.06.87.78.3
9.910.611.914.417.3
19.220.923.530.339.9
50.562.175.084.895.6
107.6117.3120.5128.1138.6
144.5143.9144.9150.9
79.088.499.8
112.3118.2121.6131.0141.2
141.6141.2141.7153.2
145.7143.1144.3142.3
142.4143.4146.0147.9
149.0150.2151.9152.5
Less:Divi-
dendsre-
ceivedby
govern-ment 2
b'i*.2
.2
.3
.3
.5
.9
.9
.91.31.72.0
1.92.32.93.43.9
4.55.15.96.98.1
9.09.5
10.2107
3.13.54.14.75.46.17.28.5
8.79.09.09.3
9.39.59.59.7
9.810.210.310.5
10.510.710.810.9
Subsi-Hiocoieslocclesscur-rentsur-
plus ofgovern-
mententer-prises
- 0 . 9
- . 8.2.3
- . 3.1
.31.41.21.21.5
2.62.43.42.6
.4
2.61.43.33.62.9
4.84.76.2
11.79.5
6.49.7
14.110.95.4
4.5- . 32.77.2
9.619.29.72.68.2
22.016.54.4
9.93.0
- 5 . 610.4
1.8.8
- 8 . 04.3
3.03.9
- 3 . 77.7
17.16.1
- 5 . 310.7
Surplusor
HofiritOcllCIl
( —)>na-
tionalincome
andprod-
uct ac-counts
- 3 . 1
3.6- 3 . 0- 2 . 9
1.6- 1 . 6
1.2- 1 . 0
-13.7- 4 . 610.0
-11 .5-19.2
- 3 . 96.9
- 4 . 5
-64.8-38 .3-16 .8
2.99.4
-35.3-30 .3
-108.6-139.8-108.8
-125.3-146.8-111.7
-98.3-77.5
-138.4-196.2-269.1-223.7
-156.9-136.3-127.8-130.9-126.2-115.8-94.7
-100.2
-131.9-122.7-119,9-179.3
-139.1-200.7-212.2-232.6
-264.2-272.2-289.5-250.6
-262.8-221.5-214.4
Adden-dum:
Grants-in-aid
toStateandlocal
govern-ments
6.8
6.57.28.09.1
10.4
11.114.415.918.620.3
24.429.03*7.540.643.9
54.661.167.577.380.5
88.787.983.987.094.4
100.3107.6102.8111.3118.2
132.3153.0171.4185.8
84.386.997.7
104.5103.8102.9113.0121.9
127.7131.9131.9137.6
143.8151.5154.6162.3
163.4171.8173.7176.7
176.1182.8188.6195.8
1 Includes an item for the difference between wage accruals and disbursements, not shown separately.2 Prior to 1968, dividends received is included in interest received.
Source: Department of Commerce, Bureau of Economic Analysis.
364Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-82.—Federal Government receipts and expenditures, national income and product accounts,
1976-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
Fiscal:2
197619771978197919801981198219831984198519861987198819891990199119921993
Calendar:197619771978197919801981198219831984198519861987198819891990199119921993 P1982: IV1983: IV1984.1V1985: IV1986.1V1987: IV1988: IV1989: IV1990: I
IIIIIIV
1991: IIIIllIV
1992:1IIIllIV
1993:1IIIllIV "
Receipts
Total
322 0375 4423 8490 5538.1623.0642.7646.47117777.0813.8899.1955.1
1,050.11,092.01,121.41,165.61,249.3
339.9384.0441.2504.7553.0639.0635.4660.0725.8788.6827.2913.8972.3
1,059.31,111.41 127 81,183.01,267.6
632.3671.1739.8803.6856.8943.5
1,000.61,068.31,091.31,114.51,123.71,115.81,115.81,120.31,132.61,142.51,165.91,176.11,169.11,221.11,218.41,268.01,275.9
Personaltax andnontaxreceipts
136.5165.2185 5221.6249.1287.9308.4290.7300.4337.0353.1396.3403.8456.9475.2475.7484.0511.7
146.6169.1193.8229.7256 2297.2302 9292.6308.0342.8357.4400.6410.1461.9484.3474 9490.8521.2301.6290.5323.5351.8371.7414.8420.0470.1476.0489.5487.9483.9474.1472.4474.5478,5479.7482.0489.5511.8502.1520.7527.1535.0
Corpo-rate
profitstax
accruals
51759 867 475 370.469.351.656.475175.080.499.4
107.6119.2115 4108.4116.3135.6
54.661.671.474.470.365.749 061.375.276.383.8
103.2111.0117.1116.4107 1120.2141.145.565.467.077.091.4
109.7118.5111.3110.8117.2122.3115.1103.7105.7109.2109.8121.1125.8107.0127.1132.4142.4139.3
Indirectbusinesstax andnontax
accruals
24 625 027 929 936.254.351.552.057 059.153.857.859.662.263.176.780.886.0
23.825.628.930.139.657.349 753.557.858.653.558.460.961.965.879181.387.449.255.458.256.854.859.561.462.265.364.965.967.177.777.979.581.380.480.281.183.581.586.286.795.2
Contri-butions
forsocialinsur-ance
109 2125 4143 0163 7182.3211.5231.2247.3279 3305.9326.5345.5384.1411.8438.3460.6484.5516.0
115.0127.7147.1170.4186.8218.8233 8252.6284.8310.9332.5351.5390.4418.5444.8466 7490.7517.9235.9259.8291.1318.0338.8359.4400.7424.7439.2442.9447.6449.7460.3464.4469.4472.8484.7488.1491.4498.7502.3518.7522.8527.6
Expenditures
Total»
379 0417 1458 0505 4587.1679.9747.6829.2875.3952^9
1,017.61,051.01,098.51,164.51,250.01,309.21,436.01,484.5
392.7426.4469.3520.36131697 8770 9840.0892.7969.9
1,028.21,065.61,109.01,181.61,274.9133121,459.31,493.4
815.7855.7926.6990.8
1,034.31,096.31,135.51,209.81,257.81,266.51,268.31,306.91,261.01,326.51,350.21,387.21,436.11,456.01,459.81,485.31,481.91,490.61,488.51,512.5
Purchases
Total
132 6144 71581174 5201.0232.9259.5289.8302.2335.2363.7379.9386.3399.4418.1446.0444.9445.0
135.8147.9162.2179.3209.1240.8266 6292.0310.9344.3367.8384.9387.0401.6426.5445 9448.8443.4281.4289.7324.7356.9373.1392.5392.0405.1422.7423.6423.2436.5450.2449.4446.8437.4445.5444.6452.8452.4442.7447.5443.6439.7
Na-tional
de-fense
91.599.2
106.3117 7136.9160.9187.3210.2228.2251.7274.3287.6295.1299.5309.0325.8311.7306.8
93.4100.9108.9121.9142.7167.5193 8214.4233.1258.6276.7292.1295.6299.9314.0322 5313.8303.6205.5222.8242.9268.6278.6295.8296.8302.5312.1312.5309.1322.5331.4326.3321.2311.2312.3310.4316.7315.7304.8307.6301.9300.0
Transferpayments
Toper-sons
154.3167.1179.3198 5235.4274.6305.6339.8342.4360.7380.6399.4420.7449.6491.3535.9595.8630.2
159.3170.1182.4205.7247.0282.1316 4340.2344.3366.8386.2401.8425.9460.2500.9550 0608.2635.8337.8340.0346.2370.3391.4405.1429.4473.7493.6494.9501.1514.1537.5545.6551.3565.4598.4605.8611.6617.1628.9632.7639.1642.5
To restof theworld(net)
3.13.43.5404.35.25.86.58.7
11.512.59.9
10.211.614.4
-26.111.516.2
3.73.43.84.15.05.0647.39.4
11.412.310.410.411.313.2
- 2 7 916.314.28.2
11.013.913.512.814.615.115.111.615 313.412.4
-76.9-32.0
- 5 . 12.2
12.615.012.824.613.112.913.717.2
Grants-in-aid
toStateandlocalgov-ern-
ments
57.566.374.779186.790.183.486.291.598.6
108.3103.4108.4115.8128.3147.0167.4182.1
61.167.577.380.588.787.983 987.094.4
100.3107.6102.8111.3118.2132.3153.0171.4185.884.386.997.7
104.5103.8102.9113.0121.9127.7131.9131.9137.6143.8151.5154.6162.3163.4171.8173.7176.7176.1182.8188.6195.8
Netinter-estpaid
25.128.533.140 250.166.181.889.6
107.5125.2130.5133.6143.8160.5175.1183.2189.7181.3
26.829.134.642.152.771.784 492.7
113.1127.0131.0136.6146.0164.8176.5187 6187.1180.686.899.2
122.3129.2131.1143.1151.2168.9171.5176.9183.1174.4182.6188.3187.6191.9189.3190.4187.4181.3178.3182.5182.2179.3
Subsi-diesless
currentsurplus
ofgovern-mententer-prises
6.57.29.4919.6
11.011.516.823 021.622.124.928.927.622.823.326.729.7
6.28.49.28.7
10.610.313 320.420.819.923.429.128.425.525.622 627.533.617.328.822.216.422.137.834.925.030.723.915.732.023.923.415.127.927.028.521.433.242.932.321.438.0
Surplusor
deficit( - ) ,
nationalincome
andproductaccounts
-57.0-41.7-34.1- 1 4 9-49.0-56.9
-105.0-182.8
163 6-175.9-203.9-151.9-143.3-114.3-157.9-187.8-270.4-235.2
-52.9-42.4-28.1-15.7- 6 0 1-58.8
- 1 3 5 5-180.1-166.9-181.4-201.0-151.8-136.6-122.3-163.5- 2 0 3 4-276.3-225.8-183.4-184.6-186.8-187.2-177.5-152.7-134.9-141.5-166.4-152.0-144.6-191.0-145.2-206.2-217.7-244.7-270.2-279.9-290.7-264.2-263.5-222.6-212.7
1 Includes an item for the difference between wage accruals and disbursements, not shown separately.2 Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year
is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separate fiscal periodknown as the transition quarter. Data are not seasonally adjusted.
Sources: Department of Commerce (Bureau of Economic Analysis) and Office of Management and Budget.
365Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-83.—State and local government receipts and expenditures, national income and product accounts,
1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Yearor
quarter
Receipts
Total
Personaltax andnontax
receipts
Corpo-rate
profitstax
accruals
Indirectbusinesstax andnontax
accruals
Contribu-tions for
socialinsurance
Federalgrants-in-
aid
Expenditures
Total1 Pur-chases
Trans-fer
pay-ments
toper-sons
Netinterest
paidlessdivi-
dendsreceived
Subsi-diesless
currentsurplus
ofgovern-
mententer-prises
Surplusor
deficit
(-),nationalincome
andproduct
accounts
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 p
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1II
1991: I..IIIllIV
1992:1. . .IIIllIV
1993:1. .IIIllIV "
45.0
48.352.456.661.167.1
72.381.589.8
102.7114.8
129.0145.3169.7185.3200.6
225.6253.9281.9309.3330.6
361.4390.8409.0443.4492.2
528.7571.2594.3631.3681.5
730.0780.5837.8887.3
417.9459.5505.1544.8582.4605.1648.2697.7
712.5722.4736.9748.3
756.2772.0787.0806.6
817.2833.2839.0861.6
860.2881.0894.2
4.6
5.25.76.36.77.5
8.19.5
10.612.715.2
16.718.724.226.328.2
31.035.841.046.350.5
56.263.068.576.287.1
94.0101.6111.8117.6131.4
138.9145.5154.0160.3
70.581.189.997.0
106.8113.8122.0135.0
135.9137.8140.6141.3
142.3144.2145.2150.2
151.2152.6153.3158.8
155.0160.3162.0164.1
1.2
1.21.31.51.71.8
2.02.22.63.33.6
3.74.35.36.06.7
7.39.6
11.412.113.6
14.515.414.015.918.8
20.222.723.926.024.2
22.322.726.030.5
13.116.816.820.625.225.527.722.8
21.222.623.421.9
21.722.423.323.6
25.927.223.127.9
28.530.830.1
29.3
32.034.437.039.442.6
46.149.753.960.867.4
74.883.191.299.5
107.2
115.8127.8139.9148.9158.6
172.3192.0206.8226.6251.7
271.4292.0306.5324.5352.8
378.2397.5421.5443.1
213.1236.3259.6278.3296.8312.8332.7362.2
370.9372.3382.1387.7
387.9392.6401.8407.5
413.0417.1423.7432.2
434.1440.0445.7452.6
3.1
3.43.73.94.24.7
5.05.76.77.28.3
9.210.211.513.014.6
16.819.522.124.727.4
29.732.535.837.740.2
42.847.349.251.954.8
58.361.764.967.4
36.838.441.144.349.850.252.855.8
56.757.858.959.7
60.561.462.162.9
63.864.665.265.9
66.567.267.768.3
6.8
6.57.28.09.1
10.4
11.114.415.918.620.3
24.429.037.540.643.9
54.661.167.577.380.5
88.787.983.987.094.4
100.3107.6102.8111.3118.2
132.3153.0171.4185.8
84.386.997.7
104.5103.8102.9113.0121.9
127.7131.9131.9137.6
143.8151.5154.6162.3
163.4171.8173.7176.7
176.1182.8188.6195.8
45.5
48.352.756.160.666.1
72.381.190.9
102.6113.3
127.2142.8156.3171.9193.5
221.0239.3256.3278.2305.4
336.6362.3382.1403.2434.1
472.6517.0554.2593.0636.7
704.9773.2830.6885.2
391.4411.1446.1488.4531.1568.1607.9656.4
677.9693.1712.2736.5
750.1766.5781.5794.5
811.2825.5837.8848.0
859.4880.0895.9905.5
41.8
44.548.451.455.860.9
66.874.682.792.3
101.3
112.6124.3134.7149.2170.7
192.0205.5220.1241.4269.2
298.0320.3341.1360.3389.9
428.1465.3496.6531.7573.6
620.9653.4683.0713.7
350.3367.9402.2442.4476.6509.0545.7589.3
605.0613.7625.1640.0
642.9650.5657.3662.8
673.0681.2686.2691.4
697.0711.1721.2725.6
5.6
5.96.57.07.58.2
10.112.114.516.7
20.124.027.530.432.3
38.943.647.452.457.2
65.773.679.985.993.5
101.2110.9119.6130.0143.6
165.4199.2228.6253.9
82.188.096.1
104.5114.4122.9134.2150.2
155.4161.3168.1176.8
186.7195.3203.5211.4
218.3225.1232.8238.4
244.1251.0257.2263.1
- . 3- . 6- . 9
- 1 . 1- 1 . 3
- 2 . 0- 1 . 6- 1 . 8- 3 . 3- 5 . 2
- 5 . 4- 5 . 0- 6 . 0- 9 . 8
-15 .3
-21.2-25 .9-31.8-34 .3-37.9
-43.2-45.6-47.0-51 .1-60.4
- 6 0 . 3- 5 6 . 5- 5 6 . 2- 5 6 . 0
-33.2-35 .1-39.7-44.7-45.9-48.0-53.4-62.6
-61.8-61.0-59.7-58.7
-57 .3-56.6-56.2-56.0
-56.1-56.2-56.1-56.2
-56.0-56.0-55.9-56.0
- 2 . 0
- 2 . 2- 2 . 3- 2 . 5- 2 . 8- 2 . 8
- 3 . 0- 3 . 0- 3 . 1-3 .2- 3 . 3
- 3 . 6- 3 . 7- 4 . 2- 4 . 3- 4 . 4
- 4 . 5- 4 . 8- 5 . 1- 5 . 6- 5 . 7
- 5 . 8- 5 . 6- 7 . 1- 8 . 7
-11.4
-13 .5-13.7-14.9-17 .5-20.1
-21 .1-22.9-24 .8-26 .5
- 7 . 7- 9 . 6
-12 .5-13.8-13 .9-15 .8-18 .5-20.6
-20 .7-20 .9-21.2-21.6
-22 .1-22.6-23.1-23.6
-24.0-24.6-25.1-25 .5
- 2 5 . 8- 2 6 . 2- 2 6 . 7- 2 7 . 3
- 0 . 5
.0- . 4
.5
.41.0
.0
.5- 1 . 1
.11.5
1.82.5
13.413.47.1
4.614.625.631.125.1
24.828.526.940.358.1
56.154.340.138.444.8
25.17.37.22.1
26.548.359.056.351.237.040.241.3
34.529.324.711.7
6.15.55.5
12.1
6.17.81.2
13.5
1.1- 1 . 7
1 Includes an item for the difference between wage accruals and disbursements, not shown separately.
Source-. Department of Commerce, Bureau of Economic Analysis.
366Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-84.—State and local government revenues and expenditures, selected fiscal years, 1927-91
[Millions of dollars]
Fiscal year l
General revenues by source2
Total Propertytaxes
Salesand
grossreceipts
taxes
Indi-vidualincometaxes
Corpo-ration
netincometaxes
Revenuefrom
FederalGovern-
ment
Allother3
General expenditures by function 2
TotalEduca-
tionHigh-ways
Publicwelfare
Allother4
1927
19321934193619381940194219441946194819501952
19531954195519561957195819591960196119621963
1962-63.1963-64.1964-65.
1965-66.1966-67.1967-68.1968-69.1969-70.
1970-71.1971-72.1972-73.1973-74.1974-75.
1975-76.1976-77.1977-78.1978-79.1979-80.
1980-81.1981-82.1982-83.1983-84.1984-85.
1985-86.1986-87.1987-88.1988-89.1989-90.
1990-91.
7,271
7,2677,6788,3959,2289,60910,41810,90812,35617,25020,91125,181
27,30729,01231,07334,66738,16441,21945,30650,50554,03758,25262,890
62,26968,44374,000
83,03691,197101,264114,550130,756
144,927167,541190,222207,670228,171
256,176285,157315,960343,236382,322
423,404457,654486,753542,730598,121
641,486686,860726,762786,129849,502
902,207
4,730
4,4874,0764,0934,4404,4304,5374,6044,9866,1267,3498,652
9,3759,96710,73511,74912,86414,04714,98316,40518,00219,05420,089
19,83321,24122,583
24,67026,04727,74730,67334,054
37,85242,87745,28347,70551,491
57,00162,52766,42264,94468,499
74,96982,06789,10596,457103,757
111,709121,203132,212142,400155,613
167,999
470
7521,0081,4841,7941,9822,3512,2892,9864,4425,1546,357
6,9277,2767,6438,6919,4679,82910,43711,84912,46313,49414,456
14,44615,76217,118
19,08520,53022,91126,51930,322
33,23337,51842,04746,09849,815
54,54760,64167,59674,24779,927
85,97193,613100,247114,097126,376
135,005144,091156,452166,336177,885
185,570
70
7480153218224276342422543788998
1.0651,1271,2371,5381,7541,7591,9942,4632,6133,0373,269
3,2673,7914,090
4,7605,8257,3088,90810,812
11,90015,22717,99419,49121,454
24,57529,24633,17636,93242,080
46,42650,73855,12964,52970,361
74,36583,93588,35097,806105,640
109,341
92
7949113165156272451447592593846
817778744890984
1,0181,0011,1801,2661,3081,505
1,5051,6951,929
2,0382,2272,5183,1803,738
3,4244,4165,4256,0156,642
7,2739,17410,73812,12813,321
14,14315,02814,25817,14119,152
19,99422,42523,66325,92623,566
22,242
116
2321,016948800945858954855
1,8612,4862,566
2,8702,9663,1313,3353,8434,8656,3776,9747,1317,8718,722
8,66310,00211,029
13,21415,37017,18119,15321,857
26,14631,34239,26441,82047,034
55,58962,44469,59275,16483,029
90,29487,28290,00796,935106,158
113,099114,857117,602125,824136,802
154,099
1,793
1,6431,4491,6041,8111,8722,1232,2692,6613,6854,5415,763
6,2526,8977,5848,4659,2529,69910,51611,63412,56313,48914,850
14,55615,95117,250
19,26921,19723,59826,11829,971
32,37436,16240,21046,54151,735
57,19161,12468,43679,82195,466
111,599128,926138,008153,570172,317
187,314200,350208,482227,838249,996
262,956
7,210
7,7657,1817,6448,7579,2299,1908,86311,02817,68422,78726,098
27,91030,70133,72436,71140,37544,85148,88751,87656,20160,20664,816
63,97769,30274,678
82,84393,350102,411116,728131,332
150,674168,549181,357198,959230,721
256,731274,215296,984327,517369,086
407,449436,733466,516505,008553,899
605,623657,134704,921762,360834,818
908,108
2,235
2,3111,8312,1772,4912,6382,5862,7933,3565,3797,1778,318
9,39010,55711,90713,22014,13415,91917,28318,71920,57422,21623,776
23,72926,28628,563
33,28737,91941,15847,23852,718
59,41365,81469,71475,83387,858
97,216102,780110,758119,448133,211
145,784154,282163,876176,108192,686
210,819226,619242,683263,898288,148
309,302
1,809
1,7411,5091,4251,6501,5731,4901,2001,6723,0363,8034,650
4,9875,5276,4526,9537,8168,5679,5929,4289,844
10,35711,136
11,15011,66412,221
12,77013,93214,48115,41716,427
18,09519,02118,61519,94622,528
23,90723,05824,60928,44033,311
34,60334,52036,65539,41944,989
49,36852,35555,62158,10561,057
64,937
151
444889827
1,0691,1561,2251,1331,4092,0992,9402,788
2,9143,0603,1683,1393,4853,8184,1364,4044,7205,0845,481
5,4205,7666,315
6,7578,2189,85712,11014,679
18,22621,11723,58225,08528,155
32,60435,90639,14041,89847,288
54,10557,99660,90666,41471,479
75,86882,65089,09097,879110,518
130,402
3,015
3,2692,9523,2153,5473,8623,8893,7374,5917,1708,86710,342
10,61911,55712,19713,39914,94016,54717,87619,32521,06322,54924,423
23,67825,58627,579
30,02933,28136,91541,96347,508
54,94062,59769,44678,09692,180
103,004112,472122,477137,731155,277
172,957189,935205,079223,068244,745
269,568295,510317,528342,479375,095
403,467
1 Fiscal years not the same for all governments. See Note.2 Excludes revenues or expenditures of publicly owned utilities and liquor stores, and of insurance-trust activities. Intergovernmental
receipts and payments between State and local governments are also excluded.3 Includes other taxes and charges and miscellaneous revenues.4 Includes expenditures for libraries, hospitals, health, employment security administration, veterans' services, air transportation,
water transport and terminals, parking facilities, and transit subsidies, police protection, fire protection, correction, protective inspectionand regulation, sewerage, natural resources, parks and recreation, housing and community development, solid waste management,financial administration, judicial and legal, general public buildings, other government administration, interest on general debt, andgeneral expenditures, n.e.c.
Note.—Data for fiscal years listed from 1962-63 to 1990-91 are the aggregations of data for government fiscal years that ended inthe 12-month period from July 1 to June 30 of those years. Data for 1963 and earlier years include data for government fiscal yearsending during that particular calendar year.
Data are not available for intervening years.
Source: Department of Commerce, Bureau of the Census.
367Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-85.—Interest-bearing public debt securities by kind of obligation, 7967-93
[Millions of dollars]
End of yearor month
Totalinterest-bearingpublicdebt
securities
Marketable
Total >Treasury
billsTreasury
notesTreasury
bonds
Nonmarketable
TotalU.S.
savingsbonds
Foreigngovern-mentandpublicseries2
Govern-ment
accountseries
Other =
Fiscal year:196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990..1991..1992..1993..
1992: JanFebMar....AprMay....June...
July....Aug....Sept...OctNov....Dec...
1993:JanFebMar...
AlfayZJune..
July...Aug....Sept..Oct....Nov...Dec...
322,286344,401351,729
369,026396,289425,360456,353473,238
532,122619,254697,629766,971819,007
906,402996,495
1,140,8831,375,7511,559,570
1,821,0102,122,6842,347,7502,599,8772,836,309
3,210,9433,662,7594,061,8014,408,567
4 210,672226,592226,107
232,599245,473257,202262,971266,575
315,606392,581443,508485,155506,693
594,506683,209824,422
1,024,0001,176,556
1,360,1791 1,564,3291 1,675,9801 1,802,9051 1,892,763
1 2,092,7591 2,390,6601 2,677,4761 2,904,910
3,806,5263,814,1473,878,4943,889,2113,919,0963,981,791
4,007,7784,046,0654,061,8014,050,8144,130,0344,173,885
4,150,0594,180,2544,227,6284,251,1644,279,2214,349,011
4,333,5074,400,3134,408,5674,403,7594,490,6394,532,325
1 2,486,0971 2,493,4161 2,552,2611 2,554,1751 2,572,9611 2,605,058
1 2,637,9181 2,672,2251 2,677,4761 2,661,3741 2,734,6421 2,754,1131 2,732,9621 2,760,5331 2,807,0921 2,808,8591 2,821,9331 2,860,622
1 2,852,0731 2,917,1961 2,904,9101 2,892,5211 2,977,8231 2,989,475
58,53564,44068,356
76,15486,67794,648100,061105,019
128,569161,198156,091160,936161,378
199,832223,388277,900340,733356,798
384,220410,730378,263398,451406,597
482,454564,589634,287658,381
586,759591,223615,818598,383620,107618,218
632,322637,025634,287627,762644,964657,661
647,041648,459659,877642,189657,491659,280
671,190677,030658,381668,723709,212714,631
49,10871,07378,946
93,489104,807113,419117,840128,419
150,257191,758241,692267,865274,242
310,903363,643442,890557,525661,687
776,449896,884
1,005,1271,089,5781,133,193
1,218,0811,387,7171,566,3491,734,161
1,448,8691,443,4001,477,6531,497,0031,483,5591,517,548
1,536,3061,558,3591,566,3491,556,7851,602,1531,608,929
1,598,3981,616,9231,652,0681,671,5221,661,8341,698,736
1,678,2771,727,7991,734,1611,711,4321,757,7551,763,989
97,41891,07978,805
62,95653,98949,13545,07133,137
36,77939,62645,72456,35571,073
83,77296,178103,631125,742158,070
199,510241,716277,590299,875337,974
377,224423,354461,840497,367
435,470443,793443,791443,789454,295454,292
454,289461,841461,840461,827472,525472,524
472,523480,151480,148480,147487,608487,606
487,606497,368497,367497,366495,856495,855
111,614117,808125,623
136,426150,816168,158193,382206,663
216,516226,673254,121281,816312,314
311,896313,286316,461351,751383,015
460,831558,355671,769796,972943,546
1,118,1841,272,0991,384,3251,503,657
1,320,4291,320,7311,326,2331,335,0361,346,1351,376,733
1,369,8611,373,8401,384,3251,389,4411,395,3921,419,772
1,417,0981,419,7221,420,5361,442,3061,457,2881,488,389
1,481,4341,483,1161,503,6571,511,2391,512,8171,542,850
51,21351,71251,711
51,28153,00355,92159,41861,921
65,48269,73375,41179,79880,440
72,72768,01767,27470,02472,832
77,01185,55197,004106,176114,025
122,152133,512148,266167,024
137,293138,656139,924141,320142,217143,215
144,503146,083148,266151,147153,528154,955
157,647159,888161,441162,644163,550164,424
165,319166,181167,024168,155168,993169,425
1,5143,7414,070
4,7559,27018,98528,52425,011
23,21621,50021,79921,68028,115
25,15820,49914,64111,4508,806
6,6384,1284,3506,3206,818
36,04141,63937,03942,459
42,02541,97141,96642,16442,25938,698
38,45637,02337,03936,52637,37037,348
37,16737,00637,03843,79143,22142,964
43,00742,49642,45943,77743,59643,480
56,15559,52666,790
76,32382,78489,598101,738115,442
124,173130,557140,113153,271176,360
189,848201,052210,462234,684259,534
313,928365,872440,658536,455663,677
779,412908,406
1,011,0201,114,289
954,823952,963956,123961,491970,957
1,002,534
999,9571,002,9691,011,0201,016,3801,019,9791,043,508
1,043,0621,042,7601,039,9951,053,0801,066,3941,097,751
1,094,8151,095,5481,114,2891,120,8221,120,3451,150,041
2,7312,8283,051
4,0685,7593,6543,7014,289
3,6444,883
16,79727,06727,400
24,16423,71824,08535,59341,843
63,255102,804129,758148,023159,025
180,581188,541188,000179,886
186,287187,140188,219190,060190,702192,285
186,945187,765188,000185,388184,516183,960
179,222180,066182,062182,791184,123183,251
178,293178,892179,886178,485179,883179,904
1 Includes Federal Financing Bank securities, not shown separately, in the amount of 15,000 million dollars.2 Nonmarketable certificates of indebtedness, notes, bonds, and bills in the Treasury foreign series of dollar-denominated and foreign-
currency denominated issues.3 Includes depository bonds, retirement plan bonds, Rural Electrification Administration bonds, State and local bonds, and special
issues held only by U.S. Government agencies and trust funds and the Federal home loan banks.4 Includes $5,610 million in certificates not shown separately.
Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscalyear is on an October 1-September 30 basis.
Source: Department of the Treasury.
368Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-86.—Maturity distribution and average length of marketable interest-bearing public debt securitiesheld by private investors, 1967-93
End of year or month
Amountout-
standing,privately
held
Maturity class
Withinlyear
I t o 5years
5 to 10years
10 to 20years
20 yearsand over
Average length
1975...1976...1977...1978...1979...
19801981198219831984
1985....1986....1987....1988....1989....
JulyAugSeptOctNovDec
1993: Jan....Feb...Mar...Apr...,May..June.
Millions of dollars
Fiscal year:196719681969
19701971197219731974
1990199119921993
1992:JanFebMarAprMayJune
JulyAugSeptOctNovDec
150,321159,671156,008
157,910161,863165,978167,869164,862
210,382279,782326,674356,501380,530
463,717549,863682,043862,631
1,017,488
1,185,6751,354,2751,445,3661,555,2081,654,660
1,841,9032,113,7992,363,8022,562,336
2,201,6422,211,9632,266,8062,268,3752,284,8662,310,321
2,344,0942,372,7642,363,8022,362,0752,425,5502,434,333
2,419,5612,443,0202,484,6282,486,2312,496,6152,515,501
2,521,2492,578,5012,562,3362,552,8802,626,0852,628,352
56,56166,74669,311
76,44374,80379,50984,04187,150
115,677150,296161,329163,819181,883
220,084256,187314,436379,579437,941
472,661506,903483,582524,201546,751
626,297713,778808,705858,135
749,495758,592786,988769,874786,584784,194
800,084811,729808,705806,345825,445843,416
832,988833,583849,766833,935854,658849,639
864,355874,599858,135866,988898,241905,311
53,58452,29550,182
57,03558,55757,15754,13950,103
65,85290,578113,319132,993127,574
156,244182,237221,783294,955332,808
402,766467,348526,746552,993578,333
630,144761,243866,329978,714
806,162785,152812,043828,118816,200845,264
861,247868,080866,329860,918893,133890,778
881,132894,130922,468937,347919,114949,127
940,460976,547978,714968,794
1,008,4681,011,213
21,05721,85018,078
8,28614,50316,03316,38514,197
15,38524,16933,06733,50032,279
38,80948,74375,74999,174130,417
159,383189,995209,160232,453247,428
267,573280,574295,921306,663
278,275291,657291,507293,819295,318294,745
296,644297,830295,921299,422303,863301,395
303,279308,058306,175308.094313,037309,295
304,447308,413306,663298,460308,219304,863
6,1536,1106,097
7,8766,3576,3588,7419,930
8,8578,0878,42811,38318,489
25,90132,56933,01740,82649,664
62,85370,66472,86274,18680,616
82,71384,90084,70694,346
87,29785,79885,70885,79885,78885,793
85,79385,57284,70685,52992,79891,441
92,35689,37688,62688,83485,27384,237
85,70894,48794,34694,43687,13186,143
12,96812,67012,337
8,2727,6456,9224,5643,481
4,6116,652
10,53114,80520,304
22,67930,12737,05848,09766,658
88,012119,365153,016171,375201,532
235,176273,304308,141324,479
280,413290,764290,559290,766300,976300,326
300,326309,553308,141309,861310,312307,304
309,807317,874317,593318,022324,532323,204
326,279324,455324,479324,203324,025320,822
Years Months
544
33332
22233
34344
45556
6655
565565
555555
555555
555555
152
863111
871137
901116
113990
101110
1111111011
101111111110
101110101010
1010101098
Note.—All issues classified to final maturity.Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year is
on an October 1-September 30 basis.
Source: Department of the Treasury.
369Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-87.—Estimated ownership of public debt securities by private investors, 7976-93
[Par values; l billions of dollars]
End of month
1976: JuneDec
1977: JuneDec
1978: JuneDec
1979-. JuneDec
1980: JuneDec
1981: JuneDec
1982: JuneDec
1983: JuneDec
1984: JuneDec
1985: JuneDec
1986: JuneDec
1987: JuneDec
1988: MarJuneSeptDec
1989: MarJuneSeptDec
1990: MarJuneSeptDec
1991: MarJuneSeptDec
1992: MarJuneSeptDec
1993-. MarJuneSept
Held by private investors
Total
376.4409.5
421.0461.3
477.8508.6
516.6540.5
558.2616.4
651.2694.5
740.9848.4
948.61,022.6
1,102.21,212.5
1,292.01,417.2
1,502.71,602.0
1,658.11,731.4
1,779.61,786.71,821.21,858.5
1,903.41,909.11,958.32,015.8
2,115.12,141.82,207.32,288.3
2,360.62,397.92,489.42,563.2
2,664.02,712.42,765.52,839.9
2,895.02,938.42,983.0
Commer-cial
banks2
92.5103.8
102.9102.0
99.695.3
94.695.6
98.5111.5
115.0113.8
114.7134.0
167.4179.5
180.6181.5
195.6189.4
194.3197.5
192.3194.2
195.6190.7191.2184.9
192.0178.0166.6164.9
178.4176.9179.5171.5
188.5197.3218.6233.4
256.6267.3287.4294.0
310.0305.9306.0
Nonbank investors
Total
283.9305.7
318.1359.3
378.2413.3
422.0444.9
459.7504.9
536.2580.7
626.2714.4
781.2843.1
921.61,031.0
1,096.41,227.8
1,308.41,404.5
1,465.81,537.2
1,584.01,596.01,630.01,673.6
1,711.41,731.11,791.71,850.9
1,936.71,964.92,027.82,116.8
2,172.12,200.62,270.82,329.8
2,407.42,445.12,478.12,545.9
2,585.02,632.52,677.0
Individuals3
Total
96.1101.6
104.9107.8
109.0114.0
115.5118.0
116.5117.1
107.4110.8
114.1116.5
121.3133.4
142.2143.8
148.7154.8
159.5162.7
165.6172.4
178.1182.0186.8190.4
204.2211.7213.5216.4
222.8229.6232.5233.8
238.3243.5257.5263.9
268.1275.1281.2289.2
297.7303.0305.8
Savingsbonds4
69.672.0
74.476.7
79.180.7
80.679.9
73.472.5
69.268.1
67.468.3
69.771.5
72.974.5
76.779.8
83.892.3
96.8101.1
104.0106.2107.8109.6
112.2114.0115.7117.7
119.9121.9123.9126.2
129.7133.2135.4138.1
142.0145.4150.3157.3
163.6166.5169.1
Othersecuri-
ties
26.529.6
30.531.1
29.933.3
34.938.1
43.144.6
38.242.7
46.748.2
51.661.9
69.369.3
72.075.0
75.770.4
68.871.3
74.175.879.080.8
92.097.797.898.7
102.9107.7108.6107.6
108.6110.3122.1125.8
126.1129.7130.9131.9
134.1136.4136.7
Insur-ance
compa-nies
10.712.7
13.015.1
14.215.3
16.015.6
15.318.1
19.921.6
24.430.6
37.846.0
51.264.5
69.180.5
87.9101.6
104.7108.1
110.2111.0115.9118.6
119.7120.3121.4125.1
134.9137.6141.2142.0
147.2156.7171.2181.8
187.4190.9194.9197.5
205.0208.1210.0
Moneymarketfunds
0.81.1
.8
.9
1.31.5
3.85.6
5.33.5
9.021.5
22.442.6
28.322.8
14.925.9
24.825.1
22.828.6
20.614.6
15.213.411.111.8
13.011.312.914.9
31.328.034.045.5
65.455.464.580.0
84.879.479.479.7
77.776.275.2
Corpora-tions 5
23.323.5
22.118.2
17.317.3
18.617.0
14.019.3
19.917.9
17.624.5
32.839.7
45.350.1
54.959.0
61.268.8
79.784.6
86.387.685.986.0
89.491.090.993.4
94.996.9
102.0108.9
114.9130.8142.0150.8
166.0175.0180.8192.5
199.3206.1215.6
State andlocal
govern-ments 6
32.739.3
49.659.1
69.681.1
86.286.2
•85.190.3
95.999.9
106.0118.6
138.1153.0
168.5188.4
213.4303.6
319.5346.6
383.9418.4
432.5446.9457.7471.6
477 9483.5487.1487.5
493.8494.5492.1490.4
510.4510.8512.9520.3
521.8528.5529.5534.8
541.0553.9558.0
Foreignand
interna-tional7
69.878.1
87.9109.6
119.5133.1
114.9119.0
118.2129.7
136.6136.6
137.2149.5
160.1166.3
171.6205.9
213.8224.8
250.9263.4
281.1299.7
332.5345.4345.9362.2
376.6369.1394.9429.6
421.8427.3440.3458.4
464.3473.6477.3491.7
507.9529.6535.2549.7
565.5568.2592.3
Otherinves-tors8
50.549.4
39.848.6
47.351.0
67.083.5
105.3126.9
147.5172.4
204.5232.1
262.8281.9
327.9352.4
371.7380.0
406.6432.8
430.2439.4
429.2409.7426.7433.0
430.6444.2471.0484.0
537.2551.0585.7637.7
631.6629.8645.5641.3
671.5666.7677.0702.4
698.8717.0720.0
1 U.S. savings bonds, series A-F and J, are included at current redemption value.2 Includes domestically chartered banks, U.S. branches and agencies of foreign banks, New York investment companies majority owned by foreign banks,
and Edge Act corporations owned by domestically chartered and foreign banks.3 Includes partnerships and personal trust accounts.4 Includes U.S. savings notes. Sales began May 1, 1967, and were discontinued June 30, 1970.5 Exclusive of banks and insurance companies.6 Includes State and local government series (SLGs) as well as State and local pension funds.7 Consists of the investments of foreign and international accounts (both official and private) in U.S. public debt issues. Reflects 1978 benchmark through
December 1984 and 1984 benchmark to date.8 Includes savings and loan associations, credit unions, nonprofit institutions, mutual savings banks, corporate pension trust funds, dealers and brokers,
certain Government deposit accounts, and Government-sponsored enterprises.
Source: Department of the Treasury.
370Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CORPORATE PROFITS AND FINANCE
TABLE B-88.—Corporate profits with inventory valuation and capital consumption adjustments, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
Corporateprofits with
inventoryvaluation
and capitalconsumptionadjustments
Corporateprofits tax
liability
Corporate profits after tax with inventoryvaluation and capital consumption adjustments
Total lends
12.7
13.414.015.016.118.0
20.220.922.124.625.2
23.723.725.828.130.4
30.135.640.745.952.4
59.069.270.081.282.7
92.4109.8106.2115.3134.6
153.5137.4150.5169.0
72.584.283.497.4
111.0106.3121.0141.3
149.9154.6155.7153.7
145.9136.2133.4133.9
138.0146.1155.2162.9
167.5168.5169.7170.4
Undistributedprofits with
inventoryvaluation
and capitalconsumptionadjustments
15.9
14.614.820.622.826.1
31.834.031.228.624.7
19.428.835.539.022.3
40.947.261.970.362.1
33.931.718.454.287.5
91.955.486.5
112.686.9
88.5102.3110.4
19.262.794.189.937.1
101.8111.279.0
100.7115.066.172.1
98.0106.693.1
111.5
124.9112.682.3
121.7
103.7116.3129.3
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 ".
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1IIIllIV
1991:1....
52.3
50.751.659.665.172.1
82.988.686.092.689.6
77.590.3
103.2116.4104.5
121.9147.1175.7199.7202.5
177.7182.0151.5212.7264.2
280.8271.6319.8365.0362.8
380.6369.5407.2
IV..
1992:1..IIIllIV
1993:1IIIllIV "...
150.3229.1261.3284.9264.6343.3378.3354.5
382.6409.3367.5362.8
369.3370.8359.0378.8
409.9411.7367.5439.5
432.1458.1468.5
23.6
22.722.824.026.228.0
30.933.732.739.439.7
34.437.741.949.351.8
50.964.273.083.588.0
84.881.163.177.294.0
96.5106.5127.1137.0141.3
138.7129.8146.3
58.782.283.897.6
116.6135.2146.2134.2
132.0139.8145.7137.0
125.4128.0132.5133.4
147.0153.0130.1155.0
160.9173.3169.5
28.6
28.028.835.638.944.1
52.054.953.353.249.9
43.152.661.367.152.7
71.082.8
102.6116.2114.5
92.9100.988.4
135.4170.2
184.2165.1192.8228.0221.5
241.9239.7260.9
91.7146.9177.5187.2148.1208.1232.2220.3
250.6269.5221.8225.8
243.9242.8226.5245.4
262.9258.7237.4284.5
271.2284.8299.1
Source: Department of Commerce, Bureau of Economic Analysis.
371Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-89.—Corporate profits by industry, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 "
1982- IV1983: IV1984: IV1985- IV1986: IV1987: IV1988: IV1989: IV
1990: 1IIIllIV
1991:1IIIllIV
1992: 1IIIllIV
1993: 1IIIll
Total
53.1
51.051.356.461.267 5
77.683.080.386.983.2
71.885.597.9
110.9103 4
129.4158.8186.7212.8219 8
197.8203.2166.4202.2236.4
225.3227.6273.4320.3325 4
354.7367.3390.1
160.0216.2223.6228.0225.0293.4340.5320.6
346.8377.9344.7349.3
364.6370.1359.0375.4
399.7395.7350.1414.8
407.0433.4444.8
Corporate profits with inventory valuation adjustment and without capital consumption adjustment
Domestic industries
Total
50.4
47.848.052.657.163 0
72.978.575.581.376.6
64.777.788.496.085 9
114.8142.3167.7190.2185 6
162.9174.0138.6171.9205.2
194.5194.6233.9271.2266 0
286.7300.4327.8377 7
130.8182.6192.9193.5192.5246.3285.9254.8
282.2310.1280.9273.8
291.9303.6299.3306.8
328.5334.2288.6360.1
348.0375.3382.1
Total
7.0
7.77.57.67.375
7.99.29.5
10.911.6
13.115.216.417.516 2
15.919.925.731.831 6
24.318.715.624.520.3
28.735.836.441.850 6
65.780.778.198 7
23.022.120.329.034.739.446.152.5
60.967.367.866.6
75.981.084.281.6
97.987.744.682.0
92.396.499.3
Financial1
FederalReservebanks
0.7
.9
.8
.91.01 1
1.31.72.02.53.1
3.53.33.34.557
5.65.96.17.694
11.814.415.214.616.4
16.315.515.717.620 1
21.420.217.816 1
14.615.217.216.015.216.118.920.4
20.721.322.221.4
21.020.220.019.7
18.818.317.116.7
16.616.216.0
Other
6.3
6.76.86.86.464
6.57.57.68.485
9.611.913.113.010 5
10.314.019.624.122 2
12.64.3
.49.93.9
12.420.320.724.230 5
44.360.460.382 5
8.36.93.2
13.019.523.327.232.1
40.246.145.645.2
54.860.864.261.9
79.169.427.565.3
75.780.283.3
Total
43.4
40.240.445.049.855 5
65.069.366.070.465.0
51.662.572.078.569 7
98.9122.4142.0158.4153 9
138.5155.3123.0147.4185.0
165.8158.9197.5229.4215 3
221.1219.7249.8279 0
107.8160.5172.6164.5157.8207.0239.7202.3
221.3242.8213.1207.2
216.0222.6215.1225.2
230.5246.5244.0278.1
255.7278.9282.8
Manu-fac-
turing2
26.5
23.823.426.329.632 4
39.742.439.041.737.0
27.134.841.446.740 7
54.570.778.589.688 3
75.887.463.171.486.7
80.159.087.0
117.5108 0
109.189.8
115.5128 5
50.190.579.283.363.998.7
129.394.5
108.3117.4112.398.5
91.589.689.388.9
98.9115.7119.3128.0
118.9132.5126.7
Nonfinancial
Trans-portation
and publicutilities
7.1
7.57.98.59.5
10 2
11.011.910.911.010.6
8.28.99.49.076
10.915.318.521.716 9
18.320.120.828.939.9
34.136.543.447.542 1
44.054.452.057 3
18.219.133.531.334.243.147.638.8
45.049.742.538.7
50.057.153.157.4
57.651.348.750.4
53.353.959.0
Wholesaleand retail
trade
6.2
5.25.56.36.479
8.68.89.7
10.911.2
10.312.314.114.613 7
21.923.127.827.728 3
22.831.631.938.749.7
43.146.339.937.139 7
37.247.446.353 4
33.840.750.839.043.139.339.339.2
38.444.929.436.2
46.549.645.647.8
40.046.041.357.7
46.055.455.1
Other
3.6
3.63.63.94.45 1
5.66.26.46.86.2
5.96.67.18.277
11.613.317.119.420 5
21.616.27.28.48.7
8.517.127.227.325 5
30.828.236.039 8
5.710.29.0
11.016.625.823.529.8
29.730.828.833.8
28.026.327.231.1
34.033.434.642.0
37.537.242.1
Restof theworld
2.7
3.13.33.84.14 5
4.74.54.85.66.6
7.17.99.5
14.917 5
14.616.518.922.634.3
35.029.227.830.431.2
30.832.939.549.159.4
67.966.962.3
29.233.630.734.532.647.054.665.8
64.667.863.875.5
72.866.559.768.5
71.261.561.554.7
59.058.162.7
1 Consists of the following industries: Depository institutions; nondepository credit institutions; security and commodity brokers-,insurance carriers; regulated investment companies; small business investment companies; and real estate investment trusts.
2 See Table B-90 for industry detail.NOte.—The industry classification is on a company basis and is based on the 1987 Standard Industrial Classification (SIC) beginning
1987, and on the 1972 SIC for earlier years shown.Source: Department of Commerce, Bureau of Economic Analysis.
372Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-90.—Corporate profits of manufacturing industries, 1959-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter Totalmanufac-
turing
Corporate profits with inventory valuation adjustment and without capital consumption adjustment
Durable goods
Total
Pri-marymetalindus-tries
Fabri-catedmetalprod-ucts
Indus-trial
machin-ery andequip-ment
Elec-tronic
andother
electricequip-ment
Motorvehicles
andequip-ment
Other
Nondurable goods
Total
Foodand
Kindredprod-ucts
Chemi-calsand
alliedprod-ucts
Petro-leumandcoalprod-ucts
Other
1959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
1990199119921993 »
1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV
1990:1IIIllIV
1991:1IIIllIV
1992:1IIIllIV
1993:1
26.5
23.823.426.329.632.4
39.742.439.041.737.0
27.134.841.446.740.7
54.570.778.589.688.3
75.887.463.171.486.7
80.159.087.0
117.5108.0
109.189.8
115.5128.5
50.190.579.283.363.998.7
129.394.5
108.3117.4112.398.5
91.589.689.388.9
98.9115.7119.3128.0
118.9132.5126.7
13.7
11.711.414.116.418.0
23.223.921.222.419.0
10.416.622.625.015.1
20.331.237.645.036.5
17.918.14.8
18.437.2
29.030.042.252.249.3
39.230.948.358.0
- 5 . 333.434.228.834.235.256.443.0
44.342.440.529.5
24.832.431.534.7
39.445.849.958.0
48.058.459.9
2.3
2.01.61.62.02.5
3.13.62.71.91.4
1.62.35.0
2.72.11.03.63.5
2.63.0
- 4 . 7- 4 . 9
- . 4
- . 9.9
2.65.96.1
3.31.2.6
1.2
- 5 . 2- 3 . 7- 1 . 0- 1 . 3
1.73.36.54.1
4.73.42.13.0
1.51.1.2
1.9
.91.0.3.0
- . 52.51.1
1.1
1.01.21.31.4
2.12.42.52.32.0
1.11.52.22.61.8
3.23.94.55.05.2
4.34.42.63.14.5
4.75.35.26.46.6
6.15.67.46.4
1.14.95.24.04.76.06.45.3
7.66.35.45.0
3.96.06.06.5
6.88.18.06.6
5.56.96.3
2.2
1.81.92.42.53.3
4.04.54.14.13.7
3.03.04.34.73.1
4.86.78.3
10.49.1
7.58.23.44.46.3
5.33.27.3
10.510.3
9.65.26.67.5
1.06.55.07.02.66.38.0
12.6
11.29.79.87.6
7.15.82.06.0
5.56.66.57.8
5.76.28.8
1.7
1.31.31.51.61.7
2.73.03.02.92.3
1.31.92.83.2
2.63.85.86.65.4
5.04.91.33.44.8
2.42.66.27.69.3
7.98.6
12.114.3
- 1 . 06.64.12.03.32.99.7
10.9
9.68.77.85.4
7.58.57.8
10.4
10.08.7
12.217.6
14.912.114.4
3.0
3.02.54.04.94.6
6.25.14.05.54.8
1.35.15.95.9
2.27.49.38.94.6
- 4 . 3.2
— 45̂ 28.9
7.34.43.75.72.3
- 2 . 2- 5 . 6
3.57.6
- 2 . 99.48.57.34.5
.69.6
- 3 . 1
- 4 . 1- . 3
.7- 5 . 3
- 9 . 6- 6 . 4- 2 . 8- 3 . 7
1.94.82.44.9
3.110.08.1
3.5
2.83.13.54.04.5
5.25.35.05.74.9
3.04.25.76.34.1
4.87.48.6
10.58.6
2.8- 2 . 7
2.67.2
13.1
10.113.717.316.114.6
14.615.918.121.1
1.79.7
12.49.7
17.416.216.213.2
15.314.614.513.8
14.417.418.313.5
14.416.620.521.0
19.420.721.3
12.8
12.112.012.213.214.4
16.418.417.819.218.0
16.818.218.821.725.7
34.139.541.044.651.8
57.869.358.353.049.5
51.129.044.865.358.8
69.959.067.270.5
55.557.145.054.529.763.472.951.6
64.074.971.969.1
66.757.257.854.2
59.669.969.470.0
70.974.266.8
2.5
2.22.42.42.72.7
2.83.33.23.23.0
3.23.52.92.52.6
8.67.16.86.15.8
6.09.07.25.87.3
8.47.5
11.411.810.7
14.016.617.015.6
6.76.17.37.88.2
13.412.39.8
9.114.915.716.2
16.816.518.814.4
14.519.618.515.2
18.014.814.6
3.5
3.13.33.23.74.1
4.64.94.35.24.6
3.94.55.26.15.2
6.38.27.78.27.1
5.57.64.76.87.3
6.08.0
15.119.318.5
16.214.515.716.2
3.17.76.03.59.5
18.524.015.0
17.319.915.612.0
12.812.514.817.8
15.314.815.017.7
18.416.314.6
2.6
2.62.22.22.22.3
2.93.43.93.73.3
3.63.73.25.2
10.7
9.813.312.915.524.5
33.638.631.622.115.9
17.1- 8 . 5- 3 . 610.45.7
17.35.86.1
11.1
29.024.113.024.1
-13 .37.4
14.24.6
13.716.217.322.0
17.15.9
- . 2.4
4.97.76.75.0
7.213.512.0
4.3
4.24.24.44.75.3
6.16.86.47.07.0
6.16.57.57.97.2
9.411.013.614.814.6
12.914.214.818.319.1
19.721.921.923.823.9
22.522.128.527.6
16.619.218.619.225.324.122.422.2
23.923.923.218.9
19.922.324.421.7
24.927.829.232.1
27.329.525.6
Note.—The industry classification is on a company basis and is based on the 1987 Standard Industrial Classification (SIC) beginning1987 and on the 1972 SIC for earlier years shown. In the 1972 SIC, the categories shown here as "industrial machinery and equipmentand "electronic and other electric equipment" were identified as "machinery, except electrical" and "electric and electronic equipment,"respectively.
Source: Department of Commerce, Bureau of Economic Analysis.
373
1 5 1 - 4 4 4 0 - 9 4 - 1 3Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-91.—Sales, profits, and stockholders' equity, all manufacturing corporations, 1952-93
[Billions of dollars]
Year orquarter
19521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973
1973: IV
New series:1973: IV
197419751976197719781979
19801981198219831984198519861987198819891990199119921991:1
IIIllIV
1992: I 3
IIIllIV
1993: IIIIll
All manufacturing corporations
Sales(nat\
250.2265.9248 5278.4307.3320.0305.3338.0
345.7356 4389.4412 7443.1492 2554.2575 4631.9694.6
708 8751.1849 5
1,017.2
275.1
236.6
1,060.61,065.21,203.21,328.11496 41,741.8
1912 82,144.72,039.42,114.32 335 02 33142,220.92,378.22 596.22,745.12,810.72,761.12,890.3
655.1698.8698.7708.4679.6733.6729.9747.2717.7766.5752.5
Profits
Beforeincometaxes*
22.924.420 928.629.828.222.729.7
27.527 531.934 939.646 551.847 855.458.1
48152.963 281.4
21.4
20.6
92.179 9
104.9115.1132 5154.2
145 8158.6108.2133.1165.6137 0129.3173 02161188.8159.699.833.427.032.827.812.2
-65.142.237.318.916.637.737.7
Afterincometaxes
10.711.311215.116.215.412.716.3
15.215 317.719 523.227 530.929 032.133.2
28 631.036 548.1
13.0
13.2
58.749164.570.481198.7
92 6101.370.985.8
107.687 683.1
115 6154 6136.3111.667.524.018.323.117.68.5
-44.230.027.710.414.025.325.1
MOCK-
holders'equity2
103.7108.2113 1120.1131.6141.1147.4157.1
165.4172 6181.4189 7199.8211 7230.3247 6265.9289.9
306 8320.8343 4374.1
386.4
368.0
395.0423.4462.7496.7540 5600.5
6681743.4770.2812.8864.2866 2874.7900 9957 6999.0
1,043.81,064.11,036.81,050.41,057.61,069.11,079.41,015.01,035.41,056.81,039.81,031.51,047.61,056.1
Durable goods industries
Sales
(net)
122.0137.9122 8142.1159.5166.0148.6169.4
173.9175 2195.3209 0226.3257 0291.7300 6335.5366.5
363 1381.8435 8527.3
140.1
122.7
529.0521 1589.6657.3760 7865.7
889 1979.5913.1973.5
1,107.61 142 61,125.51,178 01,284.71,356.61,357.21,304.01,389.9
303.9335.3328.0336.7325.4355.9346.2362.4349.5380.8368.3
Profits
Beforeincometaxesl
12.914.011416.516.515.811.415.8
14.013 616.818 521.226 229.225 730.631.5
23 026.533 643.6
10.8
10.1
41.135.350.757.969 672.4
57 467.234 748.775.561 552.178 091775.257.614.1
-33.23.4
10.73.2
- 3 . 2-59.0
15.310.9- .5
-1 .915.716.1
Afterincometaxes
5.55.8568.18.37.95.88.1
7.0698.695
11.614 516.414 616.516.9
12 914.518 424.8
6.3
6.2
24.721430.834.841845.2
35 641.621.730.048.938 632.653 067155.740.9
7.4-23.5
1.47.61.1
- 2 . 8-40.2
11.28.9
- 3 . 4.3
9.311.5
QtnrkMOCK-
holders'equity2
49.852.454 958.865.270.572.877.9
82.384 989.193 398.5
105 4115.2125 0135.6147.6
1551160.41714188.7
194.7
185.8
196.02081224.3239.9262 6292.5
317 7350.4355.5372.4395.6420 9436.3444 3468 7501.3515.0506.8473.9503.5507.8505.9509.8462.0475.5487.4470.9467.7483.1492.9
Nondurable goods industries
Sales
(net)
128.0128.0125 7136.3147.8154.1156.7168.5
171.81812194.1203 6216.8235 2262.4274 8296.4328.1
345 7369.3413 7489.9
135.0
113.9
531.6544.1613.7670.8735 7876.1
1023 71,165.21,126.41,140.81,227.51188 81,095.41,200.31,311.51,388.51,453.51,457.11,500.4
351.2363.5370.7371.7354.2377.7383.7384.8368.3385.8384.2
Profits
Beforeincometaxes»
10.010.496
12.113.212.411.313.9
13.513 915.116 418.320 322.622 024.826.6
25 226.529 637.8
10.6
10.5
51.044 654.357.262 981.8
88 491.373.684.490 075 677.295.1
124 4113.5102.085.766.623.622.124.615.3
- 6 . 126.926.519.418.522.021.6
Afterincometaxes
5.25.5567.07.87.56.98.3
8.2859.2
10 011.613 014.614 415.516.4
15 716.518 023.3
6.7
7.0
34.111133.735.539 353.5
56 959.649.355.858 849150.562.687 580.670.660.147.516.815.416.511.3
- 4 . 018.918.813.813.715.913.6
MOCK-
holders'equity2
53.955.758 261.366.470.674.679.2
83.187 792.396 3
101.3106 3115.1122 6130.3142.3
1517160.5172 0185.4
191.7
182.1
199.0215.3238.4256.8277 9308.0
350 4393.0414.7440.4468 5445 3438.4456.6488 9497.7528.9557.4562.8546.8549.8563.2569.6553.0560.0569.4568.9563.7564.5563.1
Addendum: Impact of Accounting Change3—First quarter 1992
1992:I -99.2 -68.9 -69.2 -69.9 -48.0 -48.1 -29 .3 -21 .0 -21.1
1 In the old series, "income taxes" refers to Federal income taxes only, as State and local income taxes had already been deducted.In the new series, no income taxes have been deducted.
2 Annual data are average equity for the year (using four end-of-quarter figures).3 Data for the first quarter of 1992 were revised significantly as a result of the early adoption of Financial Accounting Standards
Board Statement 106 (Employer's Accounting for Post-Retirement Benefits Other Than Pensions) by a large number of companies duringthe fourth quarter of 1992. Corporations must show the cumulative effect of a change in accounting principle in the first quarter of theyear in which the change is adopted.
Note.—Data are not necessarily comparable from one period to another due to changes in accounting principles, industryclassifications, sampling procedures, etc. For explanatory notes concerning compilation of the series, see "Quarterly Financial Report forManufacturing, Mining, and Trade Corporations,' Department of Commerce, Bureau of the Census.
Source-. Department of Commerce, Bureau of the Census.
374Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-92.—Relation of profits after taxes to stockholders' equity and to sales, all manufacturing
corporations, 1947-93
Year or quarter
194719481949
1950 .1951195219531954 .1955195619571958 ..1959
19601961196219631964196519661967.. .19681969 . ..
1970 . .197119721973
1973: IV
New series:1973: IV
197419751976197719781979
19801981198219831984 . .19851986198719881989
1990 .. . . .19911992
1991: I . .||IIIIV
1992-1 2
IIIllIV
1993:1II . . . . .Ill
Ratio of profits after income taxes (annualrate) to stockholders' equity—percentx
Allmanufacturingcorporations
15.616.011.6
15 412.110.310.599
12.612 310.986
10.4
9.2899.8
10 311.613 013.411712.111.5
939.7
10 612.8
13.4
14.3
14.911.613 914.215.016.4
13.913.69.2
10.612 5101
9.512.816113.6
10.7632.3
7.0876.632
- 1 7 411.610 54.0
5.4979.5
Durablegoods
industries
14.415.712.1
16913.011.111.110 313.812 811.380
10.4
8.5819.6
10111.713 814.211712.211.4
839.0
10.813.1
12.9
13.3
12.610.313 714.516.015.4
11.211.96.18.1
12.4927.5
11.914.311.1
8.01.5
-5 .0
1.26.0
.9-2 .2
-34.89.47.3
-2 .9
.37.79.3
Nondurablegoods
industries
16.616.211.2
14 111.29.79.996
11.411810.692
10.4
9.8969.9
10 411.512 212.711811.911.5
10 310.310.512.6
14.0
15.3
17.112.914 213.814.217.4
16.315.211.912.712.511.011.513.717.916.2
13.410.88.4
12.311.211.7
8.0
-2 .913.513.29.7
9.711.3
9.6
Profits after income taxes per dollar ofsales—cents
Allmanufacturingcorporations
6.77.05.8
714.94.34.3455.4534.8424.8
4.44.34.54.75.25.65.65.05.14.8
4.04.14.34.7
4.7
5.6
5.54.65.45.35.45.7
4.84.73.54.14.63.83.74.96.05.0
4.02.4
.8
2.83.32.51.2
-6 .54.13.81.4
2.03.33.3
Durablegoods
industries
6.77.16.4
775.34.54.24.65.75.24.83.94.8
4.03.94.44.55.15.75.64.84.94.6
3.53.84.24.7
4.5
5.0
4.74.15.25.35.55.2
4.04.22.43.14.43.42.94.55.24.1
3.0.6
-1 .7
.52.3
.3- .8
-12.43.12.6
.9
.12.53.1
Nondurablegoods
industries
6.76.85.4
6.54.54.14.34.45.15.34.94.44.9
4.84.74.74.95.45.55.65.35.25.0
4.54.54.44.8
5.0
6.1
6.45.15.55.35.36.1
5.65.14.44.94.84.14.65.26.75.8
4.94.13.2
4.84.24.43.0
-1 .15.04.93.6
3.74.13.5
1 Annual ratios based on average equity for the year (using four end-of-quarter figures). Quarterly ratios based on equity at end ofquarter only.
2 See footnote 3, Table B-91.Note.—Based on data in millions of dollars.See Note, Table B-91.Source: Department of Commerce, Bureau of the Census.
375Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-93.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1947-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Yearortprl e i
1947....1948....1949....1950....1951 ...1952....1953....1954....1955....1956....1957....1958....1959....I960....1961....1962....1963....1964....1965....1966....1967....1968....1969....1970....1971....1972....1973....1974....1975....1976....1977....1978....1979....1980....1981....1982....1983....1984....1985...1986....1987....1988....1989....1990 ....1991...1992....1991:
1IIIII....IV....
1992:1IIIII....IV....
1993:1IIIII....
Sources
Total
27.329.721.342.937.331.129.330.353.746.744.843.557.250.456.262.270.476.394.8
101.197.0
115.6122.9107.5131.8160.2222.8190.6157.3210.8260.1319.3336.5334.7390.7330.8439.8501.0486.3531.9540.5610.9562.3522.8473.2586.6
450.9473.4480.9487.4
560.4600.8588.2597.0
468.3593.6611.4
Internal
Total
13.319.720.018.520.822.722.624.730.330.532.431.237.036.437.544.047.853.060.164.365.366.766.564.076.188.195.591.0
125.0140.5162.7183.6198.5199.7238.9247.5292.3336.3351.9336.7375.9404.3399.9409.4437.8462.7
433.0440.9426.9450.5
454.6452.2468.5475.4
460.6471.4485.8
II <sU.o.unrlicundis-
tributedprofits
12.714.09.6
14.110.89.19.49.3
13.713.111.98.8
13.010.510.213.014.518.423.425.022.221.318.412.618.724.636.945.343.456.566.978.786.469.264.230.630.546.421.7
-2 .141.373.632.220.538.252.2
24.936.045.046.8
50.959.651.247.2
35.348.744.9
Inven-tory
valuationand
capitalcon-
sumptionadjust-ments
- 8 . 7- 5 . 2- 1 . 0- 7 . 9- 4 . 4- 2 . 0- 3 . 3- 1 . 9- 2 . 0-3 .7- 2 . 7- 1 . 4- 1 . 0- .4
.63.24.04.04.03.54.21.9.4
- 1 . 1.0
- 1 . 6-15 .2-38 .8-18.6-26.1-27 .0-37 .8-58 .0-61 .4-44.8-22 .4
2.924.154.453.430.615.719.821.817.521.9
23.123.97.2
15.6
15.812.419.839.7
22.622.734.1
Capitalcon-
sumptionallow-ances
9.010.411.212.013.814.815.816.717.820.022.023.024.125.125.826.827.929.331.334.137.341.145.049.454.260.565.676.892.2
102.5114.8131.1151.6173.2205.3227.5240.1246.1256.0269.2279.2295.1314.8326.6338.6349.5
336.1337.6339.5341.2
341.6344.4362.7349.2
354.5357.5364.8
Foreignearri-
ngs re-tained
abroad'
0.3.4.3.3.6.8.7.5.8
1.01.2.8.9
1.21.01.11.41.31.41.71.62.32.83.23.24.78.17.78.17.68.1
11.718.618.714.211.818.819.719.816.224.819.932.840.643.639.0
48.843.435.246.8
46.335.734.839.2
48.242.542.0
Total
14.010.11.3
24.416.68.46.85.6
23.416.212.412.320.214.018.718.222.623.334.836.831.649.056.343.555.772.0
127.399.532.470.397.4
135.7138.0135.0151.883.3
147.5164.7134.4195.2164.6206.6162.6113.435.4
124.0
17.932.554.037.0
105.8148.6119.7121.7
7.7122.2125.5
External
Credit market funds
Total
8.67.73.88.7
11.59.36.36.4
10.613.412.811.012.412.212.413.412.815.019.726.527.229.435.736.839.445.281.358.624.450.268.973.167.877.0
102.069.296.2
108.676.1
140.365.271.862.437.76.9
68.6
4.032.99.4
-18 .5
81.769.768.953.9
9.388.576.0
Securi-tiesand
mort-gages
5.67.05.64.87.18.26.76.96.98.1
10.811.18.48.3
10.99.59.19.07.8
16.019.016.817.828.834.729.349.425.040.641.744.139.716.035.932.711.856.2
- 5 . 513.065.527.8
-14.6-32.9-18 .9
95.968.3
92.5123.772.295.3
95.696.937.842.8
69.976.983.3
Loansand
short-termpaper
3.0.7
- 1 . 93.94.41.1
-.4- .53.75.31.9
-.14.03.91.54.03.76.0
11.910.58.2
12.617.98.04.7
15.931.933.5
-16.38.5
24.833.351.841.169.357.540.0
114.163.174.737.486.495.256.6
-89 .0.3
-88.5-90.8-62.8
-113.8
-13.9-27.2
31.111.1
-60.611.6
- 7 . 4
Other2
5.42.4
- 2 . 515.75.1
- .9.5
-.812.82.8
-.41.37.81.76.34.89.88.3
15.110.34.4
19.620.76.7
16.326.846.041.08.0
20.228.562.670.258.049.814.151.356.158.354.999.4
134.9100.275.728.455.4
13.9_ 444̂ 655.6
24.178.950.867.7
- 1 . 633.649.6
Uses
Total
26.425.618.440.337.929.828.327.849.040.939.838.751.841.550.654.659.964.582.491.087.3
107.3116.8100.2124.3149.8195.0195.0157.2210.7245.8328.7373.2337.8421.4349.9416.5515.3465.8503.3489.9558.2523.6502.0451.2537.8
403.5455.1461.4484.8
520.8567.4520.0543.0
456.7563.7585.7
Capitalexpendi-tures 3
18.120.714.924.030.625.326.123.032.637.035.728.037.837.736.542.244.449.860.874.571.276.885.582.088.2
100.4125.2143.7117.5159.0185.5223.1245.6255.8313.0285.3300.1398.5374.9351.9365.0394.4403.8407.3381.6397.2
377.2367.4388.3393.6
369.9401.2402.7415.2
446.4449.2457.7
ncrease• i
inanciaiassets
8.34.93.5
16.37.34.52.24.8
16.43.94.1
10.714.13.8
14.112.315.514.721.616.516.230.531.318.336.149.469.851.339.751.760.3
105.7127.682.1
108.464.6
116.4116.891.0
151.5124.9163.8119.894.769.6
140.6
26.287.773.091.2
150.9166.1117.3127.8
10.3114.4128.0
Discrep-ancy
sourcesless
uses)
0.94.12.92.5
- .61.31.02.54.65.84.94.85.48.95.67.7
10.511.812.410.19.68.36.17.27.5
10.427.7
- 4 . 5.1.1
14.3- 9 . 4
-36 .8- 3 . 1
-30.7-19.1
23.3-14 .3
20.428.550.752.738.720.822.048.8
47.418.319.52.6
39.633.468.254.0
1L629.925.6
1 Foreign branch profits, dividends, and subsidiaries' earnings retained abroad.2 Consists of tax liabilities, trade debt, and direct foreign investment in the United States.3 Plant and equipment, residential structures, inventory investment, and mineral rights from U.S. Government.
Source: Board of Governors of the Federal Reserve System.
376Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-94.—Common stock prices and yields, 1955-93
Year or month
Common stock prices *
New York Stock Exchange indexes (Dec. 31, 1 9 6 5 = 5 0 ) 2
Composite Industrial Transpor-tation Utility3 Finance
DowJones
industrialaverage2
Standard& Poor's
compositeindex
(1941-
Common stock yields(S&P) (percent)4
Dividend-priceratio5
Earnings-price
ratio6
195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993
21.5424.4023.6724.5630.7330.0135.3733.4937.51
1992:JanFebMarAprMayJuneJulyAugSeptOctNovDec
1993: JanFebMarAprMayJuneJulyAugSeptOctNovDec
43.7647.3946.1550.7755.3754.6745.7254.2260.2957.4243.8445.7354.4653.6953.7058.3268.1074.0268.9392.6392.46108.09136.00161.70149.91180.02183.46206.33229.01249.58
229.34228.12225.21224.55228.61224.68228.17230.07230.13226.97232.84239.47
239.67243.41248.12244.72246.02247.16247.85251.93254.86257.53255.93257.73
46.1851.9758.0057.4448.0357.9265.7363.0848.0850.5260.4457.8658.2364.7678.7085.4478.18107.45108.01123.79155.85195.31180.95216.23225.78258.14284.62299.99
286.62286.09282.36281.60285.25279.54281.90284.44285.76279.70287.30294.86
292.11294.40298.75292.19297.83298.78295.34298.83300.92306.61310.84313.22
50.2653.5150.5846.9632.1444.3550.1737.7431.8931.1039.5741.0943.5047.3460.6172.6160.4189.3685.63104.11119.87140.39134.12175.28158.62173.99201.09242.49
201.55205.53204.07201.28207.93202.02198.36191.31191.61192.30204.78212.35
221.00226.96229.42237.97237.80234.30238.30250.82248.15254.04262.96268.11
90.8190.8688.3885.6074.4779.0576.9575.3859.5863.0073.9481.8478.4476.4174.6977.8179.4993.9992.89113.49142.72148.57143.53174.87181.20185.32198.91228.90
198.61192.35188.31189.83196.52194.46202.35206.83204.52203.24202.26207.69
211.04218.89225.07227.56222.41226.53232.55237.44244.21240.97230.12229.95
44.4549.8265.8570.4960.0070.3878.3570.1249.6747.1452.9455.2556.6561.4264.2573.5271.9995.3489.28114.21147.20146.48127.26151.88133.26150.82179.26216.42
174.50174.08173.49171.10175.90174.82181.00180.47178.27181.36189.27196.87
203.38209.93217.01216.02209.40209.75218.94224.96229.35228.18214.08216.00
442.72493.01475.71491.66632.12618.04691.55639.76714.81834.05910.88873.60879.12906.00876.72753.19884.76950.71923.88759.37802.49974.92894.63820.23844.40891.41932.92884.36
1,190.341,178.481,328.231,792.762,275.992,060.822,508.912,678.942,929.333,284.293,522.063,227.063,257.273,247.423,294.083,376.793,337.793,329.413,307.453,293.923,198.703,238.493,303.15
3,277.723,367.263,440,743,423.633,478.173,513.813,529.433,597.013,592.293,625.813,674.703,744.10
40.4946.6244.3846.2457.3855.8566.2762.3869.8781.3788.1785.2691.9398.7097.8483.2298.29109.20107.4382.8586.16102.0198.2096.02103.01118.78128.05119.71160.41160.46186.84236.34286.83265.79322.84334.59376.18415.74451.41
416.08412.56407.36407.41414.81408.27415.05417.93418.48412.50422.84435.64
435.23441.70450.16443.08445.25448.06447.29454.13459.24463.90462.89465.95
4.084.094.353.973.233.472.983.373.173.013.003.403.203.073.243.833.142.843.064.474.313.774.625.285.475.265.205.814.404.644.253.493.083.643.453.613.242.992.78
2.902.943.013.022.993.063.002.973.003.072.982.90
2.882.812.762.822.802.812.812.762.732.722.722.72
7.957.557.896.235.785.904.625.825.505.325.596.635.735.676.086.455.415.507.12
11.599.158.90
10.7912.0313.4612.6611.9611.608.03
10.028.126.095.488.017.416.474.814.22
4.01
Tl8
4.38
"4"39
"4.29
"4.46
1 Averages of daily closing prices, except NYSE data through May 1964 are averages of weekly closing prices.2 Includes stocks as follows: for NYSE, all stocks listed (more than 2,000); for Dow-Jones industrial average, 30 stocks; and for S&P
composite index, 500 stocks.3 Effective April 1993, the NYSE doubled the value of the utility index to facilitate trading of options and futures on the index. All
indexes shown here reflect the doubling.4 Based on 500 stocks in the S&P composite index.5 Aggregate cash dividends (based on latest known annual rate) divided by aggregate market value based on Wednesday closing
prices. Monthly data are averages of weekly figures; annual data are averages of monthly figures.6 Quarterly data are ratio of earnings (after taxes) for 4 quarters ending with particular quarter to price index for last day of that
quarter. Annual data are averages of quarterly ratios.
Note.—All data relate to stocks listed on the New York Stock Exchange.
Sources: New York Stock Exchange (NYSE), Dow Jones & Co., Inc., and Standard & Poor's Corporation (S&P).
377Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-95.—Business formation and business failures, 7930-93
Year or month
19501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993
1992: JanFebMar
May!!!!!!!.!!!!!!JuneJulyAugSeptOctNovDec
1993: JanFeb. .Mar
May'!!!!!!!!!!!!!!JuneJulyAugSeptOctNovDec
Indexnt notOT net
business
(°1967=n100)
87.786.790.889.788.896.694.690.390.297.994.590.892.694.498.299.899.3100.0108.3115.8108.8111.1119.3119.1113.2109.9120.4130.8138.1138.3129.9124.8116.4117.5121.3120.9120.4121.2124.1124.8120.7115.2116.3
Newbusinessincorpo-rations(number)
93,09283,77892,946102,706117,411139,915141,163137,112150,781193,067182,713181,535182,057186,404197,724203,897200,010206,569233,635274,267264,209287,577316,601329,358319,149326,345375,766436,170478,019524,565533,520581,242566,942600,400634,991662,047702,738685,572685,095676,565647,366628,604666,800
Seasonally adjusted
117.2116.0116.4115.4113.2117.4116 6114.1118 5116.41153119.0119.3121.1121.8120.8117.5120.6122.5123.1120 9121.4123 7
58,14155,09257,44954,47448,68858,73056 94251,2455917952,49255 39261,69555,68959,69161,00259,64851,76560,42258,34157,909
Businessfailurerate2
34.330.728.733.242.041.648.051.755.951.857.064.460.856.353.253.351.649.038.637.343.841.738.336.438.442.634.828.423.927.842.161.388.4109.7107.0115.0120.0102.098.065.074.0107.0110.0
Total
9,1628,0587,6118,86211,08610,96912,68613,73914,96414,05315,44517,07515,78214,37413,50113,51413,06112,3649,6369,15410,74810,3269,5669,3459,91511,4329,6287,9196,6197,56411,74216,79424,90831,33452,07857,25361,61661,11157,09750,36160,74788,14097,06985,565
8,5888,0939,1438,7047,8038,4628 6377,9817 5988,0147 1676,8797,6547,0628,4227,8277,5307,1316,7667 1097 5106,5706 2005,784
Bi
Number offailures
siness failures'
Liability size class
Under$100,000
8,7467,6267,0818,07510,22610,11311,61512,54713,49912,70713,65015,00613,77212,19211,34611,34010,83310,1447,8297,1928,0197,6117,0406,6276,7337,5046,1764,8613,7123,9305,6828,23311,50915,57233,52736,55138,90838,94938,30033,31240,83360,61268,26461,091
6,0405,6976,3656,0595,4196,05061375,5875 3925,6215 0924,8055,39851035,9555,5045,2925,0854,83151735 5554,7194 4284,048
$100,000and over
416432530787860856
1,0711,1921,4651,3461,7952,0692,0102,1822,1552,1742,2282,2201,8071,9622,7292,7152,5262,7183,1823,9283,4523,0582,9073,6346,0608,56113,39915,76218,55120,70222,70822,16218,79717,04919,91427,52828,80524,474
2,5482,3962,7782,6452,3842,4122 5002,3942 2062,3932 0752,0742,2561,9592,4672,3232,2382,0461,9351,93619551,85117721,736
Amount of current liabilities(millions of dollars)
Total
248.3259.5283.3394.2462.6449.4562.7615.3728.3692.8938.6
1,090.11,213.61,352.61,329.21,321.71,385.71,265.2941.0
1,142.11,887.81,916.92,000.22,298.63,053.14,380.23,011.33,095.32,656.02,667.44,635.16,955.215,610.816,072.929,268.636,937.444,724.034,723.839,573.042,328.856,130.196,825.394,317.548,914.1
6,356.09,857.86,322.27,907.013,842.413,665.13 272 09,056.23 220 78,383.63 98418,450.56,174.92 406.74,343.02,973.46,634.42,675.45,496.47 382.03 062 62,222.12 99102,552.3
Liability size class
Under$100,000
151.2131.6131.9167.5211.4206.4239.8267.1297.6278.9327.2370.1346.5321.0313.6321.7321.5297.9241.1231.3269.3271.3258.8235.6256.9298.6257.8208.3164.7179.9272.5405.8541.7635.1409.8423.9838.3746.0686.9670.5735.6
1,044.91,096.7941.6
93.194.7106.697.288 697.297 289.487 787.984173.080.376 890.994.584.379.676.478.874 972.467 864.9
$100,000and over
97.1128.0151.4226.6251.2243.0322.9348.2430.7413.9611.4720.0867.1
1,031.61,015.61,000.01,064.1967.3699.9910.8
1,618.41,645.61,741.52,063.02,796.34,081.62,753.42,887.02,491.32,487.54,362.66,549.315,069.115,437.828,858.836,513.543,885.733,977.838,886.141,658.255,394.595,780.493,220.847,972.5
6,263.09,763.16,215.67,809.713,753.813,567.83174 88,966.83132 98,295.73 900 08,377.56,094.62,329.94,252.12,878.96,550.12,595.85,420.07,303.22 987 62,149.82 923 22,487.4
1 Commercial and industrial failures only through 1983, excluding failures of banks, railroads, real estate, insurance, holding, andfinancial companies, steamship lines, travel agencies, etc.
Data beginning 1984 are based on expanded coverage and new methodology and are therefore not generally comparable with earlierdata. Data for 1992 and 1993 are subject to revision due to amended court filings.2 Failure rate per 10,000 listed enterprises.
Sources: Department of Commerce (Bureau of Economic Analysis) and The Dun & Bradstreet Corporation.
378Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
AGRICULTURE
TABLE B-96.—Farm income, 1940-93
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
194019411942194319441945 . .1946 .. ..1947194819491950195119521953195419551956195719581959 .1960 .. .1961196219631964196519661967 . .1968196919701971197219731974 . .197519761977 .1978197919801981198219831984198519861987198819891990199119921991-1
II . ...IllIV
1992:1II.. .IllIV
1993-1||III"..
Income of farm operators from
Gross farm income
Total»
11.314.319.923.324.025.429.632.436.530.833138 337.834.434.233.534.034.839.037.938.640.542.343.442 346.550.550 551.856.458.862171.198.998 2
100.6102.9108.8128.4150.7149.3166 3164.1153 9168.01612156.1168 5175.8190.9196.4190.3197.7190 5191.2186.8192.7199.6202 8197.3191.3197.0203 7188.1
Cash marketing receipts
Total
8.411.115.619.620.521.724.829.630.227.828 532 932.531.029.829.530.429.733.533.634.035.236.537.537 339.443.442 844.248.250.552 761.186.992 488.995.496.2
112.4131.5139.71416142.6136 8142.81441135.41418151.2161.2170.0168.7171.2166.5166.8172.2169.4167.1174 2178.9164.5169.9180 5175.4
Livestockand
products
4.96.59.0
11.511.412.013.816.517.115.416119 618.216.916.316.016.417.419.218.919.019.520.220.019 921.925.024 425.528.629.530 535.645.841343.146.347.659.269.268.069 270.369 672.969 871.676 079.484.189.886.886.489 687.684.985.084.286 085.389.986.292 290.7
Crops
3.54.66.58.19.29.7
11.013.113.112.412 413 214.314.113.613.514.012.314.214.715.015.716.317.417 417.518.418 418.719.621.022 325.541.151145.849.048.653.262.371.772 572.367 269.974 363.865 971.777.080.181.984.876 979.287.384.482.988.193.674.683.788 284.7
Value ofinventorychanges2
0.3.4
1.1- . 1- . 4- . 4
.0- 1 . 8
1.7- . 9
812.9
- . 6.5.2
- . 5.6.8.0.4.3.6.68
1.0— 1
7.1.1.0
14.9
3.41 63.4
- 1 . 51.11.95.0
- 6 . 365
- 1 . 410 96.0
- 2 3- 2 . 2- 2 3- 3 . 4
4.8
3.43
3.8
1.2.6.1
- 3 . 1
4.74.33.52.5
36- 3 4-2 .7
arming
Produc-tion
expenses
6.97.8
10.011.612.313.114.517.018.818.0
19 522 322.821.521.822.222.723.725.827.2
27.428.630.331.631833.636.538 239.542.1
44.547 151.764.671075.082.788.9
103.3123.3
133.1139 4140.3139 6141.9132 4125.1128 8137.0144.0
149.9150.3149.1
147.5149.8151.7152.2
146.3148.6150.4151.0
148.2150.5152.4
Net farm
Currentdollars
4.56.59.9
11.711.712.315.115.417.712.813 615 915.013.012.411.311.311.113.210.711.212.012.111.810 512.914.012 312.314.314.415.019.534.427 325.520.219.925.227.416.126.923.814.226.128.831.139.738.846.946.540.048.643.041.435.240.553.354.246.840.348.853.235.7
income
1987dollars3
40.755.580.193.992.992.690.282.188.364.267.674.869.659.055.749.447.745.452.941.943.145.544.843.337.945.447.540.738.842.840.840.550.183.260.751.938.635.641.841.922.534.128.416.328.730.532.039.737.343.241.034.040.237.035.329.834.144.444.838.633.039.542.928.7
'Cash marketing receipts and inventory changes plus Government payments, other farm cash income, and nonmoney incomefurnished by farms.
2 Physical changes in end-of-period inventory of crop and livestock commodities valued at average prices during the period.3 Income in current dollars divided by the GDP implicit price deflator (Department of Commerce).Note.—Data include net Commodity Credit Corporation loans and operator households.Source: Department of Agriculture, except as noted.
379Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-97.—Farm output and productivity indexes, 1948-91
[1982 = 100]
YearTotal»
4847
4749515151
5454525558
5960626363
6665696971
7176767975
8082868692
87981008298
10410010295105
112110
Livestockandprod-
ucts2 3
5457
6063646568
7071707276
7578798183
8283868686
9091929392
8791939393
99101100102100
103103105108110
112114
Farmoutput
Crops2
Total4
4640
3939424239
4342404446
4847505149
5652575761
5865647065
7675828191
78961006795
10495978399
111106
Feedcrops
3317
2220222228
3028373634
4437384234
5244605457
4977677153
7875899195
6410210031108
12511910163117
114114
Foodgrains
4034
3232423634
3435304638
4642404047
4648545754
5058576366
7977746779
861021008493
8777777077
9976
Oil crops
1514
1715151416
1922212724
2529303132
3640434850
5352566754
67587886104
80891007587
9688887187
8792
Productivityindicators5
Farm
outputper unitof totalfactorinput
5251
5051535354
5455545959
6063656767
7171747577
7781838678
8484908588
829510086100
110109114109120
126124
Farm
outputperunit offarmlabor
1919
2021232324
2627293233
3637384143
4750555558
6064656866
7074808086
819310086101
117115121111127
128125
19481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
19901991
1 Farm output measures the annual volume of net farm production available for eventual human use through sales from farms orconsumption in farm households.
2 Gross production.3 Horses and mules excluded.4 Includes items not included in groups shown.8 See Table B-98 for farm inputs.Source: Department of Agriculture.
380Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-98.—Farm input use, selected inputs, 1948-92
Year
Farm population,Apri lx
Number(thou-sands)
Aspercentof totalpopula-t ion 2
Farm employment(thousands)3
TotalFamilywork-
ers
Hiredwork-
ers
Cropshar-
vested(mil-
lions ofacres)4
Selected indexesof input use (1982 = 100)
Total Farmlabor
Farmreal
estate
Dura-ble
equip-ment
Ener-gy
Agri-culturalchemi-cals5
Feed,seed,andlive-
stockpur-
chases6
Otherpur-
chasedinputs
1948..1949..
1950..1951..1952..1953..1954..
1955..1956..1957..1958..1959..
1960...1961...1962...1963...1964...
1965...1966...1967...1968...1969...
1970...1971...1972..1973..1974..
1975..1976..1977...1978..1979..
1980..1981..1982..1983..1984..
1985..1986..1987..1988..1989..
1990..1991..1992..
24,38324,194
23,04821,89021,74819,87419,019
19,07818,71217,65617,12816,592
15,63514,80314,31313,36712,954
12,36311,59510,87510,45410,307
9,7129,4259,6109,4729,264
8,2537 6,1947 6,5017 6,241
7 6,0517 5,8507 5,6287 5,787
5,754
5,3555,2264,9864,9514,801
4,5914,632
16.616.2
15.214.213.912.511.7
11.511.110.39.89.3
8.78.17.77.16.7
6.45.95.55.25.1
4.74.54.64.54.3
4.13.8
7 2.87 2.97 2.8
7 2.77 2.57 2.47 2.5
2.4
2.22.22.12.12.0
1.91.9
10,3639,9641
9,9269,546 j9,149!8,8648,6511
8,3817,8527,6007,5037,342
7,0576,9196,7006,5186,110
5,6105,2144,9034,7494,596
4,5234,4364,3734,3374,389
4,3314,3634,1433,9373,765
3,6998 3,5828 3,4668 3,3498 3,233
3,1162,9122,8972,9542,863
2,8912,8752,810
8,0267,712
7,5977,3107,0056,7756,570
6,3455,9005,6605,5215,390
5,1725,0294,8734,7384,506
4,1283,8543,6503,5353,419
3,3483,2753,2283,1693,075
3,0212,9922,8522,6802,495
2,4018 2,3248 2,2488 2,1718 2,095
2,0181,8731,8461,9671,935
2,0001,9641,944
2,3372,252
2,3292,2362,1442,0892,081
2,0361,9521,9401,9821,952
1,8851,8901,8271,7801,604
1,4821,3601,2531,2131,176
1,1751,1611,1461,1681,314
1,3101,3711,2911,2561,270
1,29881,25881,21881,1788 1,138
1,0981,0391,0511,037
928
892911
356360
345344349348346
340324324324324
324302295298298
298294306300290
293305294321328
336337345338348
352366362306348
342325302297318
322318320
93
9796949493
9392939293
9393919297
969796101104
1061031009698
9592898787
89
251-241
237228222220216
211197183176173
163161159153145
141128124125123
119118117117115
114111107107107
1081051009597
8987848682
87
90929596
9899999999
9997959695
9594979594
9496949899
9899999899
10110110092
3845
5258636669
7071696868
6968676767
6971737678
7879798185
8991949699
1021021009591
8680747066
6463
8284858688
8990909092
9290899086
101113119125113
11010610097100
9084939391
9089
3436
4342434243
4550494956
5861556168
7383806873
7680859499
9110098108118
13112210093106
1011111009093
9094
84779197
1029810099101
1061051019899
105104
7477
7880838281
8381858199
999810010097
9696979793
9087859197
9499100118127
116111100107108
9989929096
97100
JFarm population as defined by Department of Agriculture and Department of Commerce, i.e., civilian population living on farms inrural areas, regardless of occupation. See also footnote 7. Series discontinued in 1992.
2 Total population of United States including Armed Forces overseas, as of July 1.3 Includes persons doing farmwork on all farms. These data, published by the Department of Agriculture, differ from those on
agricultural employment by the Department of Labor (see Table B-33) because of differences in the method of approach, in concepts ofemployment, and in time of month for which the data are collected.
4 Acreage harvested plus acreages in fruits, tree nuts, and farm gardens.5 Fertilizer, lime, and pesticides.6 Nonfarm constant dollar value of feed, seed, and livestock purchases.7 Based on new definition of a farm. Under old definition of a farm, farm population (in thousands and as percent of total
population) for 1977, 1978, 1979, 1980, 1981, 1982, and 1983 is 7,806 and 3.6; 8,005 and 3.6; 7,553 and 3.4; 7,241 and 3.2; 7,014and 3.1; 6,880 and 3.0; 7,029 and 3.0, respectively.
8 Basis for farm employment series was discontinued for 1981 through 1984. Employment is estimated for these years.Note.—Population includes Alaska and Hawaii beginning 1960.
Sources-. Department of Agriculture and Department of Commerce (Bureau of the Census).
381Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-99.—Indexes of prices received and prices paid by jarmers, 1930-93
[1977 = 100]
Year or month
Prices received by farmers
Allfarmprod-ucts
Crops
Live-stockand
prod-ucts
Prices paid by farmers
Allcommod-
ities,services,interest,
taxes,and
wagerates»
Production items
Total2
Tractorsandself-pro-
pelledmachin-
ery
Fertil-izer
Fuelsand
energy
Wagerates
Adden-dum-.Aver-agefarmreal
estatevalueper
acre3
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983198419851986198719881989
1990199119921993 *
1992: Jan..Feb..Mar..Apr..May.June.
July..Aug..Sept.Oct..Nov..Dec.
1993: Jan..Feb..Mar..
fcJune.July.Aug.SeptOct.Nov.Dec.
566663565451505155535253535352545855565960626998105101102100115132134139133135142128123127138147149146139143138143144141141140138138138138136137
138140141146144140141144145145144145
546162555653545252515152545555535552525052566091117105102100105116125134121128138120107106126134127129121123124129132126123121117116116116115117117118116125120113121125128130128133
58706456524947515753535253514954605760676767771049498101100124147144143145141146136138146150160170161157162152156155156158157158160158158156156159162166167168166161162160159158156
374142404040404243434444454545474949515355586271818995100108123
138150159161164162159162169177183187189195188
189
190
190
192
196
195
196
424747444443434446464646474747485050505254576173839197100108125
138148153152155151144148157165171173174179171
174
175
175
176
180
179
181
394042444749515458688291100109122
136152165174181178174174181193202211219227216
54575959595857585857575858575757565552484851525692120102100100108134144144137143135124118130136131134131128132
494950505152535357798893100105137
188213210202201201162164167180204203199201192
217 132 194
217 132 206
224 128 205
224 128 199
223 129 201
223
"237
129 199
•"204
222526272727282930323333343536384144485357606369798593100107118127138144148152154160166171186192201210217216
212
212
201
217
223
221
••206
141618181819192122232425262729313335384042434753667586100109125145158157148146128112103106111112115115117115
117
1 Includes items used for family living, not shown separately.2 Includes other production items not shown separately.3 Average for 48 States. Annual data are for March 1 of each year through 1975, February 1 for 1976-81, April 1 for 1982-85,
February 1 for 1986-89, and January 1 for 1990-93.
Source: Department of Agriculture.
382Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-100-—U.S. exports and imports of agricultural commodities, 1940-93
[Billions of dollars]
Year
Exports
Total» Feedgrains
Foodgrains 2
Oil-seedsand
prod-ucts
Cot- To-Ani-malsand
prod-ucts
Imports
Total»
Crops,fruits,
andvege-
tables3
Ani-malsand
prod-ucts
Cof-fee
Cocoabeansand
prod-ucts
Agri-cultural
tradebalance
19401941194219431944
19451946194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
199019911992
Jan-Nov:19921993
0.5.7
1.22.12.1
2.33.14.03.53.6
2.94.03.42.83.1
3.24.24.53.94.0
4.85.05.05.66.3
6.26.96.46.36.0
7.37.79.4
17.721.9
21.923.023.629.434.7
41.243.336.636.137.8
29.026.228.737.139.9
39.439.242.9
39.138.5
1.11.31.1
.9
.9
1.11.01.53.54.6
5.26.04.95.97.7
9.89.46.47.38.1
6.03.13.85.97.7
7.05.75.7
5.24.5
1.21.41.31.51.7
1.41.81.51.41.2
1.41.31.84.75.4
6.24.73.65.56.3
7.99.67.97.47.5
4.53.83.85.97.1
4.84.25.4
4.95.1
()
.2
.3
.2
.3
.2
.2
.3
.4
.5
.4
.6
.6
.6
.7
.81.0
1.21.21.31.31.3
1.92.22.44.35.7
4.55.16.68.28.9
9.49.69.18.78.4
5.86.56.47.76.3
5.76.47.2
6.56.5
0.2.1.1.2.1
.3
.5
.4
.5
.9
1.01.1.9
!8
.5
.71.0.7.4
1.0.9.5.6.7
.5
.4
.5
.5
.3
.4
.6
.5
.91.3
1.01.01.51.72.2
2.92.32.01.82.4
1.6.8
1.62.02.3
2.82.52.0
1.81.4
.2
.1
.2
.4
.3
.2
.3
.3
.3
.2
.3
.3
.4
.3
.4
.4
.3
.4
.4
.4
.4
.4
.4
.5
.5
.5
.6
.5
.5
.7
.7
.8
.9
.91.11.41.2
1.31.51.51.51.5
1.51.21.11.31.3
1.41.41.7
1.51.2
0.1.3.8
1.21.3
.9
.9
.7
.5
.4
.3
.5
.3
.4
.5
.6
.7
.7
.5
.6
.6
.6
.6
.7
.8
.7
.7
.7
.8
.91.01.11.61.8
1.72.42.73.03.8
3.84.23.93.84.2
4.14.55.26.46.4
6.77.07.9
7.37.2
1.31.71.31.51.8
1.72.32.83.12.9
4.05.24.54.24.0
4.04.04.03.94.1
3.83.73.94.04.1
4.14.54.55.05.0
5.85.86.58.4
10.2
9.311.013.414.816.7
17.416.915.316.519.3
20.021.520.421.021.7
22.822.724.6
22.622.6
.91.21.51.7
1.72.02.32.33.1
3.53.63.63.84.2
4.94.84.9
4.44.5
0.2.3.5.4.3
.4
.4
.4
.6
.4
.71.1
.7
.6
.5
.5
.4
.5
.7
.8
.6
.7
.9
.9
.8
.91.21.11.31.4
1.61.51.82.62.2
1.82.32.33.13.9
3.83.53.73.84.1
4.24.54.95.25.1
5.65.55.7
5.25.4
0.1.2.2.3
.3
.6
.7
.8
1.11.41.41.51.5
1.41.41.41.21.1
1.01.01.01.01.2
1.11.11.01.2
.9
1.21.21.31.71.6
1.72.94.24.04.2
4.22.92.92.83.3
3.34.62.92.52.4
1.91.91.7
1.51.4
.2
.2
.1
.2
.2
.2
.2
.3
.2
.2
.2
.2
.2
.2
.2
.2
.2
.2
.1
.1
.2
.2
.2
.3
.2
.2
.3
.5
.61.01.41.2
.9
.9
.7
.81.1
1.41.11.21.01.0
1.11.11.1
1.0.9
- 0 . 8- 1 . 0_ j
.6
.3
.5
.81.2
.3
.7
-1 .1-1 .1- 1 . 1- 1 . 3
- . 9
- . 8.2.6
1.01.31.21.62.3
2.12.41.91.31.1
1.51.92.99.3
11.7
12.612.010.214.618.0
23.826.421.319.618.5
9.14.78.3
16.118.2
16.616.518.3
16.515.9
1 Total includes items not shown separately.2 Rice, wheat, and wheat flour.3 Includes nuts, fruits, and vegetable preparations.Hess than $50 million.
Note.—Data derived from official estimates released by the Bureau of the Census, Department of Commerce. Agricultural commoditiesare defined as (1) nonmarine food products and (2) other products of agriculture which have not passed through complex processes ofmanufacture. Export value, at U.S. port of exportation, is based on the selling price and includes inland freight, insurance, and othercharges to the port. Import value, defined generally as the market value in the foreign country, excludes import duties, ocean freight,and marine insurance.
Source: Department of Agriculture.
383Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-101.— Farm business balance sheet, 1950-92
[Billions of dollars]
End of year
Assets
Totalassets
Physical assets
estate
Nonreal estate
Live-stockand
poul-try»
Machin-ery andmotor
vehiclesCrops :
Pur-chased
in-puts 3
Financial assets
Invest-ments incooper-atives
Other *
Claims
Totalclaims
Realestatedebt5
Non-real
estatedebt6
Propri-etors'equity
195019511952195319541955195619571958 .1959
1960196119621963196419651966196719681969
19701971197219731974'19751976197719781979
1980198119821983198419851986198719881989
199019911992
121.6136.1133.0128.7132.6137.0145.7154.5168.7173.0
174.2181.4188.7196.5204.0220.6233.8245.8257.0267.3
278.7301.5339.7418.3449.2510.7590.7651.5767.3898.1
983.2982.3944.5943.3857.0772.7724.4772.6801.1829.7
848.3842.2861.5
75.483.885.184.387.893.0100.3106.4114.6121.2
123.3129.1134.6142.4150.5161.5171.2180.9189.4195.3
202.4217.6243.0298.3335.6383.6456.5509.3601.8706.1
782.8785.6750.0753.4661.8586.2542.3578.9595.5615.7
628.2623.2633.1
17.119.514.811.711.210.611.013.917.715.2
15.616.417.315.914.417.619.018.820.222.5
23.727.333.742.424.629.429.031.950.161.4
60.653.553.049.549.546.347.858.062.266.2
70.968.171.3
12.314.315.015.615.716.316.917.018.119.3
19.119.319.920.421.222.424.126.327.728.6
30.432.434.639.748.557.463.369.368.575.4
80.385.586.085.885.082.981.580.081.285.1
85.485.885.6
7.18.27.96.87.56.56.86.46.96.2
6.26.36.37.26.87.77.97.77.28.1
8.59.7
12.721.222.520.520.620.523.829.9
32.729.525.823.626.122.916.317.523.323.4
22.822.024.1
2.01.22.13.23.52.6
2.82.63.9
2.72.93.23.33.53.74.04.24.54.8
4.24.54.65.05.25.45.75.86.16.4
7.27.98.79.7
11.213.014.313.516.118.1
19.320.621.922.824.324.324.425.325.126.3
27.528.729.7
7.07.37.17.06.96.96.76.66.96.2
5.85.95.95.75.86.06.06.16.36.4
6.56.76.97.16.96.96.97.07.17.3
7.47.67.88.18.39.0
10.09.9
10.310.5
10.911.813.6
121.6136.1133.0128.7132.6137.0145.7154.5168.7173.0
174.2181.4188.7196.5204.0220.6233.8245.8257.0267.3
278.7301.5339.7418.3449.2510.7590.7651.5767.3898.1
983.2982.3944.5943.3857.0772.7724.4772.6801.1829.7
848.3842.2861.5
5.25.76.26.67.17.88.59.09.7
10.6
11.312.313.515.016.918.920.722.624.726.4
27.529.332.036.140.845.350.558.466.779.7
89.798.8
101.8103.2106.7100.190.482.477.675.4
74.174.575.0
5.76.97.16.36.77.37.48.29.4
10.7
11.111.813.214.615.316.918.519.619.220.0
21.224.026.731.635.139.745.652.460.771.8
77.183.687.087.987.177.566.662.061.761.9
63.264.363.6
110.7123.7119.7115.7118.9121.9129.8137.3149.7151.7
151.7157.3162.0166.9171.8184.8194.6203.6213.0220.8
229.9248.3281.0350.7373.3425.7494.7540.7639.9746.6
816.4799.9755.7752.2663.3595.1567.5628.2661.7692.4
710.9703.5722.9
1 Excludes commercial broilers; excludes horses and mules beginning 1959; excludes turkeys beginning 1986.2 Non-Commodity Credit Corporation (CCC) crops held on farms plus value above loan rate for crops held under CCC.3 Includes fertilizer, chemicals, fuels, parts, feed, seed, and other supplies.4 Sum of currency, demand deposits, time deposits, and U.S. savings bonds.5 Includes CCC storage and drying facilities loans.6 Does not include CCC crop loans.7 Beginning 1974, data are for farms included in the new farm definition, that is, places with sales of $1,000 or more annually.Note.—Data exclude operator households.Beginning 1959, data include Alaska and Hawaii.Source: Department of Agriculture.
384Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INTERNATIONAL STATISTICS
TABLE B-102.—International investment position of the United States at year-end, 1984-92
[Billions of dollars]
Type ofinvestment 1984 1985 1986 1987 1988 1989 1990 1991 1992
NET INTERNATIONAL INVESTMENT POSITION OF THEUNITED STATES:
With direct investment at current costWith direct investment at market value
U.S. ASSETS ABROAD:With direct investment at current costWith direct investment at market value
U.S. official reserve assetsGold1
Special drawing rightsReserve position in the International Monetary
FundForeign currencies
U.S. Government assets other than official re-serves
U.S. credits and other long-term assetsRepayable in dollarsOther
U.S. foreign currency holdings and U.S. short-term assets
U.S. private assets:With direct investment at current costWith direct investment at market value
Direct investment abroad:At current costAt market value
Foreign securitiesBondsCorporate stocks
U.S. claims on unaffiliated foreignersreported by U.S. nonbanking concerns
U.S. claims reported by U.S. banks,not included elsewhere
FOREIGN ASSETS IN THE UNITED STATES:With direct investment at current costWith direct investment at market value
Foreign official assets in the United StatesU.S. Government securities
U.S. Treasury securitiesOther
Other U.S. Government liabilitiesU.S. liabilities reported by U.S. banks, not
included elsewhereOther foreign official assets
Other foreign assets in the United States:With direct investment at current costWith direct investment at market value
Direct investment in the United States:At current costAt market value
U.S. Treasury securitiesU.S. securities other than U.S. Treasury securi-
tiesCorporate and other bondsCorporate stocks
U.S. liabilities to unaffiliated foreigners reportedby U.S. nonbanking concerns
U.S. liabilities reported by U.S. banks, not in-cluded elsewhere
234.2177.3
1,178.91,083.1
105.081.2
5.6
11.56.7
85.082.981.1
1.8
2.1
988.9893.1
361.6265.888.862.826.0
92.9
445.6
944.7905.9
199.7144.7138.2
6.515.0
26.114.0
745.0706.2
211.2172.462.1
128.532.496.1
31.0
312.2
139.1142.3
1,252.61,244.6
117.985.8
7.3
11.912.9
87.885.884.1
1.7
1.9
1,047.01,038.9
387.2379.1112.871.841.0
99.6
447.4
1,113.61,102.3
202.5145.1138.4
6.615.8
26.714.9
911.1899.8
231.3220.088.0
207.982.3
125.6
29.5
354.5
19.2109.7
1,410.71,508.2
139.9102.4
8.4
11.717.3
89.688.787.1
1.6
1,181.21,278.7
421.2518.7142.079.063.0
110.7
507.3
1,391.51,398.6
241.2178.9173.3
5.618.0
27.916.4
1,150.21,157.4
265.8273.096.1
309.8140.9168.9
26.9
451.6
- 3 4 . 046.8
1,557.31,641.0
162.4127.6
10.3
11.313.1
88.988.186.5
1.6
1,306.11,389.7
493.3577.0153.784.169.6
109.6
549.5
1,591.41,594.1
283.1220.5213.7
6.815.7
31.815.0
1,308.31,311.1
313.5316.2
82.6
341.7166.1175.6
29.8
540.7
-140.35.4
1,698.01,860.9
144.2107.4
9.6
9.717.4
86.185.483.9
1.5
.7
1,467.71,630.6
515.7678.6176.690.686.0
122.2
653.2
1,838.31,855.5
322.0260.9253.0
8.015.2
31.514.4
1,516.31,533.4
374.3391.5100.9
392.3191.3201.0
35.0
613.7
-288.5-128.9
1,857.02,114.7
168.7105.2
10.0
9.044.6
84.583.982.4
1.5
.6
1,603.81,861.5
560.0817.8216.096.2
119.9
113.9
713.8
2,145.52,243.6
341.9263.7257.3
6.415.4
36.526.3
1,803.61,901.8
436.6534.7166.5
482.9231.7251.2
40.5
677.1
-291.9-269.7
1,924.82.018.4
174.7102.4
11.0
9.152.2
82.281.580.1
1.3
.7
1,668.01,761.6
622.7716.3229.3119.2110.0
120.3
695.7
2,216.72,288.0
375.6295.0287.9
7.117.5
39.923.2
1,841.11,912.4
468.2539.6162.4
469.0247.2221.7
48.0
693.4
-364.9-396.4
1,998.42,152.6
159.292.611.2
9.545.9
79.177.576.3
1.2
1.6
1,760.01,914.2
655.3809.6294.2135.4158.8
118.6
691.9
2,363.22,549.0
402.1315.9307.1
8.819.1
38.428.7
1,961.12,146.9
487.2673.0189.5
556.3284.4271.9
46.1
682.1
-521.3-611.5
2,003.42,113.3
150.390.08.5
11.840.0
80.879.177.7
1.4
1.7
1,772.31,882.3
666.3776.3327.4149.5178.0
111.7
666.9
2,524.72,724.8
443.4335.7323.0
12.721.6
54.831.3
2,081.42,281.5
492.3692.3224.9
617.3317.2300.2
46.3
700.7
1 Valued at market price.
Note.—For details regarding these data, see Survey of Current Business, June 1991, June 1992, and June 1993.
Source: Department of Commerce, Bureau of Economic Analysis.
385Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-103.—U.S. international transactions, 1946-93
[Millions of dollars-, quarterly data seasonally adjusted, except as noted. Credits ( + ), debits ( - ) ]
Year orquarter
1946194719481949
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983198419851986198719881989
199019911992
1991:1IIIllIV
1992:1IIIllIV
1993:1IIIll p.
Merchandise1
Exports
11,76416,09713,26512,213
10,20314,24313,44912,41212,92914,42417,55619,56216,41416,458
19,65020,10820,78122,27225,50126,46129,31030,66633,62636,414
42,46943,31949,38171,41098,306107,088114,745120,816142,075184,439
224,250237,044211,157201,799219,926215,915223,344250,208320,230362,116
389,303416,937440,138
101,333104,206103,764107,634
108,347108,306109,493113,992
111,530113,118111,912
Imports
-5,067-5,973-7,557-6,874
-9,081-11,176-10,838-10,975-10,353-11,527-12,803-13,291-12,952-15,310
-14,758-14,537-16,260-17,048-18,700-21,510-25,493-26,866-32,991-35,807
-39,866-45,579-55,797-70,499
-103,811-98,185
-124,228-151,907-176,002-212,007
-249,750-265,067-247,642-268,901-332,418-338,088-368,425-409,765-447,189-477,365
-498,336-490,739-536,276
-120,123-120,525-123,404-126,687
-126,110-133,107-137,105-139,954
-140,839-147,502-148,191
2
Net
6,69710,1245,7085,339
1,1223,0672,6111,4372,5762,8974,7536,2713,4621,148
4,8925,5714,5215,2246,8014,9513,8173,800635607
2,603-2,260-6,416
911-5,5058,903
-9,483-31,091-33,927-27,568
-25,500-28,023-36,485-67,102-112,492-122,173-145,081-159,557-126,959-115,249
-109,033-73,802-96,138
-18,790-16,319-19,640-19,053
-17,763-24,801-27,612-25,962
-29,309-34,384-36,279
Netmilitarytransac-tions 3 4
-424-358-351-410
-56169528
1,753902
-113-221-423-849-831
-1,057-1,131-912-742-794-487
-1,043-1,187-596-718
-641653
1,072740165
1,461931
1,731857
-1,313
-1,822-844112
-563-2,547-4,390-5,181-3,844-6,315-6,726
-7,833-5,851-2,751
-2,532-1,402-1,164-755
-571-727-617-836
-145-226-341
Services
Nettraveland
ranspor-tationreceipts
733946374230
-12029883
-238-269-297-361-189-633-821
-964-978
-1,152-1,309-1,146-1,280-1,331-1,750-1,548-1,763
-2,038-2,345-3,063-3,158-3,184-2,812-2,558-3,565-3,573-2,935
-997144
-992-4,227-8,438-9,798-7,382-6,481-1,5115,0718,97917,93319,718
2,9264,2995,2285,481
5,0115,2014,8824,624
5,0145,3725,279
Otherservices,
net
310145175208
242254309307305299447482486573
639732912
1,0361,1611,4801,4971,7421,7591,964
2,3302,6492,9653,4064,2314,8545,0275,6806,8797,251
8,91212,55213,20914,09514,27714,26618,85517,90019,96126,558
29,50533,79939,444
7,9358,3978,6608,809
9,6089,17711,0169,641
9,7559,3139,169
Investment income
Receiptson U.S.assetsabroad
7721,1021,9211,831
2,0682,6332,7512,7362,9293,4063,8374,1803,7904,132
4,6164,9995,6186,1576,8247,4377,5288,0219,36710,913
11,74812,70714,76521,80827,58725,35129,37532,35442,08863,834
72,60686,52986,20084,77899,05689,48987,49795,129122,275144,904151,201127,292110,612
36,01832,05730,07429,144
29,02828,64127,19525,749
26,07827,87628,695
Paymentson
foreignassets in
U.S.
-212-245-437-476
-559-583-555-624-582-676-735-796-825
-1,061
-1,238-1,245-1,324-1,560-1,783-2,088-2,481-2,747-3,378-4,869
-5,515-5,435-6,572-9,655
-12,084-12,564-13,311-14,217-21,680-32,961
-42,532-53,626-56,412-53,700-69,572-68,314-74,736-87,403-109,653-130,091-130,853-114,272-104,391
-30,247-29.147-28,447-26,431
-24,609-27,734-25,492-26,555
-26,115-27,829-26,947
Net
560857
1,4841,355
1,5092,0502,1962,1122,3472,7303,1023,3842,9653,071
3,3793,7554,2944,5965,0415,3505,0475,2745,9906,044
6,2337,2728,19212,15315,50312,78716,06318,13720,40830,873
30,07332,90329,78831,07829,48321,17512,7617,72612,62114,81320,34813,0216,222
5,7712,9101,6272,713
4,419907
1,703-806
-3747
1,748
Balanceon goods,services,
andincome
7,87611,7147,3906,722
2,6975,8385,7275,3715,8615,5167,7209,5255,4313,140
6,8867,9497,6648,80611,06310,0147,9877,8786,2406,135
8,4865,9692,74914,05311,21025,1919,982
-9,109-9,3556,308
10,66616,7325,632
-26,719-79,716-100,920-126,028-144,256-102,203-75,532-58,034-14,899-33,505
-4,690-2,115-5,289-2,805
704-10,243-10,628-13,339
-14,722-19,878-20,424
Unilateraltransfers,
net4
-2,991-2,722-4,973-5,849
-4,537-4,954-5,113-6,657-5,642-5,086-4,990-4,763-4,647-4,422
-4,062-4,127-4,277-4,392-4,240-4,583-4,955-5,294-5,629-5,735
-6,156-7,402-8,544-6,913
5 -9,249-7,075-5,686-5,226-5,788-6,593
-8,349-11,702-17,075-17,741-20,612-22,950-24,176-23,052-24,965-26,092-33,827
6,575-32,895
14,0963,884
-6,564-4,839
-7,389-8,010-7,147
-10,348
-7,586-7,294-7,562
Balanceon
currentaccount
4,8858,9922,417873
-1,840884614
-1,286219430
2,7304,762784
-1,282
2,8243,8223,3874,4146,8235,4313,0312,583611399
2,331-1,433-5,7957,1401,962
18,1164,295
-14,335-15,143
-2852,3175,030
-11,443-44,460-100,328-123,870-150,203-167,308-127,168-101,624-91,861-8,324-66,400
9,4061,769
-11,853-7,644
-6,685-18,253-17,775-23,687
-22,308-27,172-27,986
1 Excludes military.2 Adjusted from Census data for differences in valuation, coverage, and timing.3 Quarterly data are not seasonally adjusted.4 Includes transfers of goods and services under U.S. military grant programs.See next page for continuation of table.
386Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-103.—U.S. international transactions, 1946-93—Continued
[Millions of dollars; quarterly data seasonally adjusted, except as noted]
Year or quarter
1946194719481949. .
1950195119521953195419551956195719581959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
1980198119821983198419851986 ..198719881989199019911992
1991:1IIIllIV
1992:IIIIll .IV
1993:1 ..IIIll >>
U.S. assets abroad, net[increase/capital outflow ( - ) ]
Total
- 4 , 0 9 9- 5 , 5 3 8- 4 , 1 7 4- 7 , 2 7 0- 9 , 5 6 0- 5 , 7 1 6- 7 , 3 2 1- 9 , 7 5 7
- 1 0 , 9 7 7- 1 1 , 5 8 5
- 9 , 3 3 7- 1 2 , 4 7 5- 1 4 , 4 9 7- 2 2 , 8 7 4- 3 4 , 7 4 5- 3 9 , 7 0 3- 5 1 , 2 6 9- 3 4 , 7 8 5- 6 1 , 1 3 0- 6 6 , 0 5 4
- 8 6 , 9 6 7- 1 1 4 , 1 4 7
122,335- 5 8 , 7 3 5- 2 9 , 6 5 4- 3 4 , 6 8 7- 9 1 , 2 6 0- 6 1 , 2 5 4- 9 1 , 4 2 3
- 1 2 9 , 3 3 1
44,132- 5 9 , 9 7 4- 5 0 , 9 6 1
- 5 , 5 5 5- 8 7 5
- 1 5 , 6 7 2- 3 7 , 8 7 0
- 1 , 0 2 9- 8 , 6 9 5
- 1 0 , 7 9 8- 3 0 , 4 3 8
- 1 2 , 3 5 8- 2 9 , 3 4 1
43,961
U.S.officialreserve
asse ts 3 6
- 6 2 3- 3 3 1 5-1,736
-266
1,758- 3 3
- 4 1 51,256
480182
-869-1,165
2,2921,035
2,145607
1,535378171
1,225570
53- 8 7 0
-1,179
2,4812,349
- 4158
-1,467- 8 4 9
-2,558- 3 7 5
732-1,133
-8,155-5,175
4,965-1,196-3,131-3,858
3129,149
-3,912-25,293
2,1585,7633,901
- 3 5 31,0143,8771,225
-1,0571,4641,9521,542
- 9 8 3822
- 5 4 5
OtherU.S.
Govern-mentassets
-1,100-910
-1,085-1,662-1,680-1,605-1,543-2,423-2,274-2,200
-1,589-1,884-1,568-2,644
5 366-3,474-4,214-3,693-4,660-3,746
-5,162-5,097
6,131-5,006-5,489-2,821-2,022
1,0062,9671,2592,3072,905
-1,609
559- 4 1 93,224-459
- 2 7 5293
- 3 0 5737
535- 2 7 5
- 8 6
U.S.privateassets
-5,144-5,235-4,623-5,986-8,050-5,336-6,347-7,386-7,833-8,206
-10,229-12,940-12,925-20,388-33,643-35,380-44,498-30,717-57,202-61,176
-73,651-103,875-111,239-52,533-21,035-28,009
89,551-71,408-90,477
-105,297
44,280-68,643-53,253
-5,761-1,470
-22,11*-38,637
3039,866
-12,44531,243
-11,91029,888
-43,331
Foreign assets in the U.S., net[increase/capital inflow ( + )]
Total
2,2942,7051,9113,2173,643
7423,6617,3799,928
12,702
6,35922,97021,46118,38834,24115,67036,51851,31964,03638,752
58,11283,03292,41883,380
102,010130,966223,191229,972219,489213,571
105,17383,439
129,579
- 2 07,120
23,51452,826
19,83444,45026,45038,845
25,71842,38066,452
Foreignofficial
assets 3
1,473765
1,2701,9861,660
134- 6 7 23,451-774
-1,301
6,90826,87910,4756,026
10,5467,027
17,69336,81633,678
-13,665
15,4974,9603,5935,8453,140
-1,11935,64845,38739,7588,503
34,19817,56440,684
5,604-4,924
3,85513,029
21,12421,008
-7,3785,931
10,92917,69919,646
Otherforeignassets
8211,939
6411,2311,983
6074,3333,928
10,70314,002
- 5 5 0-3,90910,98612,36223,6968,643
18,82614,50330,35852,416
42,61578,07288,82677,53498,870
132,084187,543184,585179,731205,068
70,97565,87588,895
-5,62412,04419,65939,798
-1,29023,44233,82832,914
14,78924,68146,806
Alloca-tions ofspecialdrawingrights(SDRs)
867717710
U39"
1,1521,093
Statisticaldiscrepancy
Total(sum of
theitems
with signreversed)
-1,019-989
-1,124- 3 6 0
907-457
629- 2 0 5
438-1,516
-219-9,779-1,879-2,654-1,458
5 91710,455
- 2 1 9 912,23626,449
25,38624,99241,35919,81527,97227,59218,272
-1,410899
17,384
30,820-15,140-12,218
-3,831-8,014
4,011-7,312
-12,12017,5022,123
15,280
8,94814,1335,495
Ofwhich:
Seasonaladjust-ment
discrep-ancy
4,710-120
-6,5061,911
4,878653
-6,7541,222
5,814681
-7,605
5 Includes extraordinary U.S. Government transactions with India.6 Consists of gold, special drawing rights, foreign currencies, and the U.S. reserve position in the International Monetary Fund (IMF).Source: Department of Commerce, Bureau of Economic Analysis.
387Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-104.—U.S. merchandise exports and imports by principal end-use category, 1963-93
[Billions of dollars; quarterly data seasonally adjusted]
Year orquarter
Exports
Total
Agri-cultur-
alprod-ucts
Nonagricultural products
Total
Indus-trial
suppliesand
mate-rials
Capitalgoodsexcept
automo-tive
Auto-motive Other
Imports
Total
Petro-leumand
prod-ucts
Nonpetroleum products
Total
Indus-trial
suppliesand
mate-rials
Capitalgoodsexcept
automo-tive
Auto-motive Other
19651966196719681969
19701971197219731974
1975197619771978 »1979
19801981198219831984
19851986198719881989
199019911992
1991: IIIIllIV
1992: IIIIllIV
1993: I....II...III..
26.529.330.733.636.4
42.543.349.471.498.3
107.1114.7120.8142.1184.4
224.3237.0211.2201.8219.9
215.9223.3250.2320.2362.1
389.3416.9440.1
101.3104.2103.8107.6
108.3108.3109.5114.0
111.5113.1111.9
6.36.96.56.36.1
7.47.89.5
18.022.4
22.223.424.329.935.5
42.044.137.337.138.4
29.627.229.838.842.2
40.240.144.0
9.99.69.9
10.7
10.810.711.211.4
10.810.810.6
20.222.424.227.330.3
35.135.539.953.475.9
84.891.496.5
112.2149.0
182.2193.0173.9164.7181.5
186.3196.2220.4281.4319.9
349.1376.8396.1
91.594.693.896.9
97.597.798.3
102.6
100.7102.3101.3
7.68.28.59.6
10.3
12.310.911.917.026.3
26.828.429.834.252.2
65.163.657.752.756.8
54.859.463.782.691.9
97.1101.8101.8
26.325.425.125.0
24.925.225.626.1
25.625.926.1
8.18.99.9
11.112.4
14.715.416.922.030.9
36.639.139.847.560.2
76.384.276.571.777.0
79.382.892.7
119.1139.6
153.3167.0176.9
39.142.541.743.8
44.343.743.345.5
44.545.844.7
1.92.42.83.53.9
3.94.75.56.98.6
10.612.113.415.217.9
17.419.717.218.522.4
24.925.127.633.434.9
36.540.047.1
9.09.9
10.610.5
10.811.612.012.7
12.812.812.1
2.62.93.03.23.7
4.34.55.67.6
10.0
10.811.713.515.318.7
23.425.522.421.825.3
27.228.936.446.353.5
62.367.970.3
17.016.716.517.7
17.517.117.518.3
17.817.818.4
21.525.526.933.035.8
39.945.655.870.5
103.8
98.2124.2151.9176.0212.0
249.8265.1247.6268.9332.4
338.1368.4409.8447.2477.4
498.3490.7536.3
120.1120.5123.4126.7
126.1133.1137.1140.0
140.8147.5148.2
2.02.12.12.42.6
2.93.74.78.4
26.6
27.034.645.042.660.4
79.578.462.055.158.1
51.434.342.939.650.9
62.351.851.6
13.113.113.212.3
10.513.114.313.7
12.814.312.6
19.523.424.830.633.2
36.941.951.162.177.2
71.289.7
106.9133.4151.6
170.2186.7185.7213.8274.4
286.7334.1366.8407.6426.4
436.0439.0484.7
107.0107.5110.2114.3
115.6120.0122.8126.2
128.1133.2135.6
9.110.210.012.011.8
12.413.816.319.627.8
24.029.835.740.747.5
53.056.148.653.766.1
62.669.970.883.184.2
82.580.988.6
20.120.019.920.8
21.222.022.123.4
23.524.725.9
1.52.22.52.83.4
4.04.35.98.39.8
10.212.314.019.324.6
31.637.138.443.760.4
61.372.085.1102.2112.5
116.0120.7134.2
29.930.130.230.5
31.432.934.535.4
35.737.738.2
0.91.82.44.04.9
5.57.48.7
10.312.0
11.716.218.625.026.6
28.331.034.343.056.5
64.978.185.287.987.4
88.585.791.8
20.720.222.322.4
22.322.822.923.8
25.125.525.0
8.09.29.9
11.813.0
15.016.420.223.927.5
25.331.438.648.452.8
57.462.464.373.391.4
97.9114.2125.7134.4142.4
149.0151.7170.1
36.437.137.740.6
40.842.343.343.7
43.845.346.5
1 End-use categories beginning 1978 are not strictly comparable with data for earlier periods. See Survey of Current Business, June 1988.Note.—Data are on an international transactions basis and exclude military.In June 1990, end-use categories for merchandise exports were redefined to include reexports; beginning with data for 1978,
reexports (exports of foreign merchandise) are assigned to detailed end-use categories in the same manner as exports of domesticmerchandise.
Source-. Department of Commerce, Bureau of Economic Analysts.
388Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-105.—U.S. merchandise exports and imports by area, 1984-93
[Billions of dollars]
Item
Exports
Industrial countries
Canada .JapanWestern Europe2
Australia, New Zealand,and South Africa
Australia
Other countries, exceptEastern Europe
OPEC3
Other4 .
Eastern Europe2 ;
Internationalorganizations andunallocated
Imports
Industrial countries
CanadaJapan....Western Europe2
Australia, New Zealand,and South Africa
Australia
Other countries, exceptEastern Europe
OPEC3
Other4
Eastern Europe2
Internationalorganizations andunallocated
Balance (excess ofexports -+-)
Industrial countries
CanadaJapanWestern Europe2
Australia, New Zealand,and South Africa
Australia
Other countries, exceptEastern Europe
OPEC3
Other4
Eastern Europe2
Internationalorganizations andunallocated
1984
219 9
141.0
53.023.256.9
7.8
49
74.6
13.860 8
4.3
0
332 4
205.5
67.660.272.1
5.6
28
124 7
26.997 8
2.2
-112.5
-64 .5
-14 .6-37 .0-15 .2
2.2
2.1
- 5 0 . 1
- 1 3 . 1- 3 7 0
2.1
.0
1985
215.9
140.5
55.422.156.0
7.0
5 1
71.9
11.460 5
3.2
2
3381
219.0
70.265.777.5
5.6
27
117 3
22.894 5
1.8
-122.2
-78 .4
-14 .8-43 .5—21.4
1.4
2.4
-45 .3
-11 .4-33 .9
1.4
.2
1986
223 3
150.3
56.526.460.4
7.1
5 1
71.0
10.460 6
2.1
368 4
245.4
69.780.889.0
5.9
26
1211
18.9102 2
2.0
-145.1
- 9 5 . 1
-13 .2-54 .4-28 .6
1.1
2.5
50.1
- 8 . 5-41 .6
.1
1987
250 2
165.6
62.027.668.6
7.4
53
82.3
10.7716
2.3
409 8
259.7
73.684.696.1
5.4
30
148 2
24.4123 8
1.9
-159.6
- 9 4 . 1
-11 .6-56 .9-27 .5
2.0
2.3
65.8
-13 .7- 5 2 . 1
.3
1988
320 2
207 3
74.337.286.4
9.4
68
109.1
13.895 3
3.8
1
447 2
283.2
84.689.8
102.6
6.2
35
1618
23.0138 8
2.2
-127.0
-75 .9
-10 .3-52 .6-16 .2
3.2
3.3
-52 .7
- 9 . 2-43 .5
1.6
.1
1989
3621
234.2
81.143.998.4
10.9
8 1
122.2
13.3108 9
5.5
2
477 4
292.5
89.993.5
102.4
6.6
39
182 8
30.7152 1
2.1
-115.2
-58 .3
- 8 . 9-49 .7
- 4 . 0
4.2
4.2
-60 .6
-17 .4-43 .2
3.5
.2
1990
389 3
253.8
83.547.8
111.4
11.2
83
130.6
13.4117 2
4.3
6
498 3
299.9
93.190.4
109.2
7.3
44
196 1
38.2157 9
2.3
-109.0
- 4 6 . 1
- 9 . 6-42 .6
2.2
3.9
3.9
-65 .6
-24 .840.7
2.1
.6
1991
416 9
261.3
85.947.2
116.8
11.4
83
150.4
18.51319
4.8
4
490 7
294.2
93.092.3
101.9
7.0
4 1
194 8
33.41614
1.8
73.8
-32 .8
- 7 . 1-45 .0
14.9
4.4
4.2
-44 .4
-15 .0-29 .4
3.0
.4
1992
4401
264.9
91.146.9
114.5
12.4
87
169.5
20.7148 8
5.6
1
536 3
316.2
100.997.4
111.3
6.6
37
2181
33.7184 4
2.0
- 9 6 . 1
-51 .3
- 9 . 7-50 .5
3.2
5.8
5.0
-48 .6
-13 .0-35 .6
3.7
.1
1993 first3 quartersat annual
rate1
448.7
267.2
99.447.2
109.2
11.4
80
175.8
18.7157.1
5.7
582.0
342.2
112.5105.2118.0
6.5
33
236 6
35.02017
3.2
-133.3
-75 .0
-13 .0-58 .0
- 8 . 9
4.9
4.7
-60 .9
-16 .3-44 .5
2.6
1 Preliminary; seasonally adjusted.2 The former German Democratic Republic (East Germany) included in Western Europe beginning fourth quarter 1990 and in Eastern
Europe prior to that time.3 Organization of Petroleum Exporting Countries, consisting of Algeria, Ecuador (through 1992), Gabon, Indonesia, Iran, Iraq, Kuwait,
Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.4 Latin America, other Western Hemisphere, and other countries in Asia and Africa, less members of OPEC.
Note.—Data are on an international transactions basis and exclude military.
Source: Department of Commerce, Bureau of Economic Analysis.
389Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-106.—U.S. merchandise exports, imports, and trade balance, 1972-93
[Billions of dollars; monthly data seasonally adjusted]
Year ormonth
19721973
1974197519761977 ....197819791980
1981198219831984198519861987198819891990199119921992:
JanFebMarAprMayJuneJulyAugSeptOctNovDec
1993:JanFebMarAprMayJuneJulyAugSeptOctNov
I
Total 2
Merchandise exports (f.a.s. /alue)'
Principal end-use commodity category
Foods,feeds,
bev-er-
ages
In-dus-trialsup-pliesandma-teri-als
Cap-ital
goods
ceptauto-mo-tive
Auto-mo-tivevehi-cles,
parts,anden-
gines
Con-sum-
ergoods(non-food)
ex-ceptauto-mo-tive
Other 2
F.a.s. value5
49.971.9
99.4108 9116.8123.2145 8186 4225.6
238 7216.4205.6224.0
7 218.87 227.2
254.1322.4363.8393.6421.7448.2
35.637.637.236.436.038.037.436.437.738.937.839.2
37.536.938.938.538.937.637.138.138.940.140.1
31.330.931.524.022.324.332.337.235.135.740.2
3.13.63.33.43.03.13.43.33.53.63.43.4
3.33.43.53.43.33.23.23.13.43.53.4
61.756.761.758.557.366.785.199.3
104.4109.7109.3
9.28.98.88.89.09.49.68.99.09.69.09.2
9.48.79.29.19.78.89.39.09.69.99.6
7?.767.272.073.975.886.2
109.2138.8152.7166.7176.7
14.015.215.114.413.915.414.414.014.815.314.515.8
14.514.315.615.215.315.314.315.315.015.615.5
15.716.820.622.921.724.629.334.837.440.047.1
3.43.83.73.93.93.83.94.14.03.84.44.6
4.14.44.34.44.34.13.84.24.14.54.7
14.313.413.312.614.217.723.136.443.345.950.4
3.94.14.13.94.14.24.24.14.44.54.54.3
4.34.24.44.24.54.34.44.54.64.64.8
20.720.524.027.335.934.643.417.220.723.724.5
2.02.12.22.02.12.22.02.02.02.12.01.9
2.01.92.02.11.92.02.02.12.22.02.0
Genera
Total
merchandise imports (customs value)3
Principal end-use commodity category
Foods,feeds,
bev-er-
ages
In-dus-trialsup-pliesandma-teri-als
Cap-ital
goods
ceptauto-mo-
ii ve
Auto-mo-tivevehi-cles,
parts,anden-
gines
Con-sum-
ergoods(non-food)
ex-ceptauto-mo-tive
Other
Customs value
55 669.5
103 399 3
124 61515176 1210 3245.3
261 0244.0258.0
6 330.76 336.5
365.4406.2441.0473.2495.3488.5532.7
41.641.042.743.443.644.944.945.146.046.145.646.1
45.244.849.348.747.349.747.548.149.551.050.2
17.118.221.021.924.424.824.825.126.626.527.9
2.32.22.32.42.32.52.52.32.22.32.22.3
2.32.22.42.22.32.32.32.32.42.62.3
F.a.s. value5
Customs value
112.0107.0123.7113.9101.3111.0118.3132.3143.2131.6138.3
10.610.310.611.211.512.012.011.912.012.511.811.5
11.611.112.612.612.312.812.111.712.212.512.2
35.440.959.865.171.884.5
101.4113.3116.4120.7134.2
10.310.310.610.910.911.111.311.411.611.811.611.9
11.711.712.412.412.313.112.812.513.013.713.7
33.340.853.566.878.285.287.786.187.385.791.8
7.57.17.67.67.67.67.47.77.87.58.08.2
7.98.38.88.88.28.67.88.58.79.08.8
39.744.960.068.379.488.795.9
102.9105.7108.0123.0
9.59.7
10.09.9
10.110.110.310.310.910.510.310.7
10.310.311.511.110.711.311.011.711.611.711.5
6.56.37.89.4
10.412.112.813.616.115.917.6
1.31.51.51.41.41.51.51.31.41.51.71.5
1.41.31.61.51.61.61.51.41.51.51.7
Pen
eralmer-chan-diseim-
ports(ci.f.
value)4
58 973.2
110.9105 9132.5160.4186 0222 2257.0
273 4254.9269.9346.4352.5382.3424.4459.5493.2517.0508.4554.0
43.442.744.545.245.446.646.746.847.847.947.447.9
47.046.651.350.649.151.649.450.051.553.052.2
Trade balance
Ex-
(f.a.s.)lessim-
(cus-tomsval-•ip\
- 5 72.4
- 3 996
- 7 . 8- 2 8 . 4- 3 0 2
23 9-19 .7
- 2 2 3- 2 7 . 5- 5 2 . 4
-106.7-117 .7-138 .3-152 .1-118 .5-109 .4-101 .7-66 .7- 8 4 . 5
- 6 . 0- 3 . 4- 5 . 5- 7 . 0- 7 . 7- 6 . 8- 7 . 5- 8 . 7- 8 . 3- 7 . 2- 7 . 8- 7 . 0
- 7 . 7- 7 . 9
- 1 0 . 5- 1 0 . 2
- 8 . 4- 1 2 . 1- 1 0 . 4- 1 0 . 0- 1 0 . 6- 1 0 . 9- 1 0 . 2
Ex-ports
(f.a.s.)lessim-
ports(ci.f.)
- 9 0- 1 . 3
- 1 1 430
-15 .7- 3 7 2- 4 0 2
35 9- 3 1 . 4
34 6- 3 8 . 4- 6 4 . 2
-122 .4-133 .6-155 .1-170 .3-137.1-129 .4-123.4- 8 6 . 6
-105 .9
- 7 . 8- 5 . 1- 7 . 3- 8 . 8- 9 . 4- 8 . 6- 9 . 3
- 1 0 . 5- 1 0 . 1
- 9 . 1- 9 . 6- 8 . 8
- 9 . 5- 9 . 6
-12 .4- 1 2 . 1- 1 0 . 2- 1 4 . 0- 1 2 . 3- 1 1 . 9- 1 2 . 6-12.S- 1 2 . 2
1 Department of Defense shipments of grant-aid military supplies and equipment under the Military Assistance Program are excludedfrom total exports through 1985 and included beginning 1986.
2 Includes undocumented exports to Canada through 1988. Beginning 1989, undocumented exports to Canada are included in theappropriate end-use category.
3 Total arrivals of imported goods other than intransit shipments.4 Ci.f. (cost, insurance, and freight) import value at first port of entry into United States. Data for 1967-73 are estimates.5 F.a.s. (free alongside ship) value basis at U.S. port of exportation for exports and at foreign port of exportation for imports.6 Total includes revisions not reflected in detail.7 Total exports are on a revised statistical month basis; end-use categories are on a statistical month basis.Note.—Data are as reported by the Bureau of the Census adjusted to include silver ore and bullion reported separately prior to 1969.
Trade in gold is included beginning 1974. Export statistics cover all merchandise shipped from the U.S. customs area, except suppliesfor the U.S.- Armed Forces. Exports include shipments under Agency for International Development and Food for Peace programs as wellas other private relief shipments.
Data beginning 1974 include trade of the U.S. Virgin Islands.Source.- Department of Commerce, Bureau of the Census.
390Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-107.—International reserves, selected years, 1952-93
[Millions of SDRs; end of period]
Area and country 1952 1962 1972 1982 1990 1991 19921993
Oct Nov
All countries
Industrial countries *
United StatesCanadaAustraliaJapanNew Zealand
AustriaBelgiumDenmarkFinlandFrance
GermanyGreeceIcelandIrelandItalyNetherlands
NorwayPortugalSpainSwedenSwitzerlandUnited Kingdom
Developing countries: Total2
By area:
AfricaAsia2
EuropeMiddle EastWestern Hemisphere
Memo:
Oil-exporting countriesNon-oil developing countries
49,388
39,280
24,7141,944
9201,101
183
1161,133
150132686
96094
8318722953
164603134504
1,6671,956
9,648
1,7863,793
2691,1832,616
1,6997,949
62,851
53,502
17,2202,5611,1682,021
251
1,0811,753
256237
4,049
6,958287
32359
4,0681,943
304680
1,045802
2,9193,308
9,349
2,1102,772
3811,8052,282
2,0307,319
146,658
113,362
12,1125,5725,65616,916
767
2,5053,564787664
9,224
21,90895078
1,0385,6054,407
1,2202,1294,6181,4536,9615,201
33,295
3,9628,1292,6809,4369,089
9,95623,339
361,253
214,014
29,9183,4286,05322,001
577
5,5444,7572,1111,420
17,850
43,909916133
2,39015,10810,723
6,2721,1797,4503,39716,93011,904
147,239
7,73444,4905,359
64,09425,563
67,16380,076
670,678
441,946
59,95813,06011,71056,0272,902
7,3059,5997,5026,849
28,716
51,0602,517308
3,68446,56513,827
10,81910,73636,55512,85623,45625,864
228,732
12,053128,82615,53537,95634,361
43,875184,857
704,672
428,438
55,76911,81611,83751,2242,062
7,9249,5735,2345,389
24,735
47,3753,747316
4,02636,36513,980
9,29214,97746,56213,02823,19129,948
276,234
14,587157,53515,82341,77746,512
48,883227,351
725,652
424,229
52,9958,6628,429
52,9372,239
9,70310,9148,0903,862
22,522
69,4893,369364
2,51422,43817,492
8,72514,47433,64016,66727,10027,300
301,423
13,095164,41715,17143,87764,861
45,871255,552
760,728
439,197
54,7479,2568,318
71,3462,525
10,0668,8436,4483,472
59,0114,476321
4,68523,00124,089
14,284
30,14214,39925,186
321,531
13,452175,19116,32145,15571,412
45,534275,997
765,608
442,458
54,6798,7298,341
10,3819,0056,4563,650
60,110
2884,693
23,73524,072
14,448
30i225
25,463
323,149
13,230176,557
16,37145,29671,696
45,280277,869
1 Includes data for Luxembourg.2 Includes data for Taiwan Province of China.
Note.—International reserves is comprised of monetary authorities' holdings of gold (at SDR 35 per ounce), special drawing rights(SDRs), reserve positions in the International Monetary Fund, and foreign exchange. Data exclude U.S.S.R., other Eastern Europeancountries, and Cuba (after 1960).
U.S. dollars per SDR (end of period) are: 1952 and 1962—1.00000; 1972—1.08571; 1982—1.10311; 1990—1.42266; 1991—1.43043; 1992—1.37500; October 1993—1.39293; and November 1993—1.38389.
Source: International Monetary Fund, International Financial Statistics.
391Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-108.—Industrial production and consumer prices, major industrial countries, 1967-93
Year or quarter
19671968196919701971197219731974197519761977 .. . .19781979 .. .1980..19811982198319841985198619871988198919901991 . .19921993" .. ..1992:1
II . .IllIV ..
1993:1||IIIIV
1967 . ...196819691970197119721973197419751976197719781979198019811982 . .. .19831984 .. .1985198619871988198919901991199219931992-1
||IllIV
1993-1IIIll .IV
UnitedStates
57.560.763.561.462.268.373.872.766.372.478.282.685.784.185 781.984992.894 495.3100.0104.4106.0106.01041106.5111.0105.1106 3106.5108 3109.7110 4111.1113.1
33.434.836.738.840.541.844 449.353.856.960.665.272.682 490.996 599.6103 9107.6109 61136118.3124.0130.7136.2140 3144.5138 7139.8140 9141.9143.1144.2144.8145.8
Canada
51.154.358.158.862.066.773.876.171.676.079.382.186.182.884576.281291.096195.4100 0105.3105.2101.898198.5
97.598 098.5100 0101.8102 6103.6
31.332.534.035.136.137.940 745.250.153.858.163.369.176185.694 9100.4104 8108.9113.4118 4123.2129.3135.5143.1145.2147.9144 2144.9145 6146.1147.2147.5148.1148.8
JapanEuropeanCommu-nity1
France
Industrial production (1987=
36.241.748.355.056.559.667.966.459.466.068.673.078.181.782 682.985 593.496 896.6100 0109.3115.9121.4123 7116.5
119.7116 9116.5113 5114.1112 2112.0
59.363.769.673.174.778.083.784.378.784.586.695.493.192.891 189.990 892.895 898.0100 0104.2108.2110.31102108.9
106.8109 5108.6106 6105.1
Consumer prices
32.234.035.838.540.942.947 959.065.972.278.181.484.491095.398 099.81021104.1104.8104 9105.7108.0111.4115.0116.9
1159117.51170117.4117.4118.5119.1
23.524.325.326.628.330.132 737.442.847.953.858.765.174 083.292 2100.2107.4114.0118.2122 2126.7133.3140.8147.9154.3
1521154.0154 8156.2157.5159.2160.1
61626972778187908390929499
98.998.397.396.597.197.298.0100.0104.6108.9111.0110.9109.8
110.41104110.3107.3104.8104 9
Germany2
LOO)^
57.662.970.975.577.079.985.084.879.686.888.090.494.795.093 290.390.993.597.799.6100.0103.9108.8114.1117.4116.0
119.2117.3115.7110.3106.9106.9106.9
(1982-84=100)
24.625.727.428.730.332.234 539.343.948.152.757.563.672.382.091.6100.5107.9114.2117.2120.9124.2128.6133.0137.2140.6
139 5140.6140 6141.3142.5143.4143.7
49.350.151.052.955.658.762.867.271.274.276.979.082.386.892.297.0100.3102.7104.8104.7104.9106.3109.2112.1116.0120.6125.51191120.4121.0122.1124.2125.5126.0126.6
Italy
58.561.964.268.368.070.877.781.273.782.983.885.491.196.294 791.788 991.892.996.2100.0105.9109.2109.4107.1106.5
110.3107.2104.7104.0105.2102.0103.0
16.016.216.616.817.618.720.624.628.833.640.145.152.163.275.487.7100.8111.5121.1128.5134 4141.1150.4159 6169.8178 9186.4175 9178.2179.4181.7183.5185.5187.3189.2
UnitedKingdom
70.575.978.578.978.579.987.085.480 883.487.690.193.686.984 185.788 989.093.996.2100.0104.8107.0106.7102.5102.0
101.4101.3102.5103.1103.2104.3105.3
18.519.420.421.823.825.527.932.340.246.854.258.766.678.587.995.499.8104.8111.1114.9119 7125.6135.4148.2156.9162.7165.3160 0163.5163.4164.0162.9165.6166.0166.6
1 Consists of Belgium-Luxembourg, Denmark, France, Greece, Ireland, Italy, Netherlands, United Kingdom, Germany, Portugal, andSpain. Industrial production prior to July 1981 excludes data for Greece, which joined the EC in 1981. Data for Portugal and Spain,which became members on January 1, 1986 are excluded prior to 1982.
2 Former West Germany.3 All data exclude construction. Quarterly data are seasonally adjusted.
Sources: National sources as reported by Department of Commerce (International Trade Administration, Office of Trade and EconomicAnalysis, Trade and Industry Statistics Division), Department of Labor (Bureau of Labor Statistics), and Board of Governors of theFederal Reserve System.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-109.—Civilian unemployment rate, and hourly compensation, major industrial countries,
1967-93
[Quarterly data seasonally adjusted]
Year or quarter UnitedStates Canada Japan France Ger-
many * Italy UnitedKingdom
Civilian unemployment rate (percent)2
1967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931992:1....
II...III..IV..
1993:1....II...
IV..
1967..1968..1969..1970..1971..1972..1973..1974..1975..1976..1977..1978..1979..1980..1981..1982..1983..1984..1985..1986..1987..1988..1989..1990..1991..1992..
3.83.63.54.95.95.64.95.68.57.77.16.15.87.17.69.79.67.57.2.7.06.25.55.35.56.77.46.87.37.57.57.37.07.06.76.5
3.84.54.45.76.26.25.55.36.97.18.18.37.47.57.5
11.011.811.210.59.58.87.87.58.1
10.311.311.210.711.311.511.511.011.411.411.1
1.31.21.11.21.31.41.31.41.92.02.02.32.12.02.22.42.72.82.62.82.92.52.32.12.12.2
2.12.12.22.32.32.42.6
2.12.72.32.52.82.92.82.94.24.65.25.46.16.57.68.38.6
10.010.510.610.810.39.69.19.6
"10.4
10.210.210.310.610.811.211.5
1.31.1.6.5.6.7.7
1.63.43.43.43.32.92.84.05.63 6.97.17.26.66.36.35.7
"5.0"4.4"4.7
4.44.64.85.05.45.86.1
3.43.53.53.23.33.83.73.13.43.94.14.14.44.44.95.45.95.96.0
3 7.57.97.97.8
"7.03 "6.9"7.3
6.97.07.08.3
3 9.410.810.6
Manufacturing hourly compensation in U.S. dollars (1982=100) 4
62.867.974.483.391.5
100.0102.7105.9111.2115.8118.4123.0127.9134.7141.9148.1
26.128.230.433.937.741.344.352.257.367.769.569.874.883.093.1
100.0106.2105.9105.6107.8116.3130.9143.2155.5167.8165.7
10.512.214.617.420.727.337.445.652.156.268.694.095.598.3
107.6100.0107.7111.0115.0171.2204.2234.4231.2237.5270.8300.6
17.920.220.521.624.429.438.442.158.259.966.181.497.5
113.3101.8100.095.390.295.0
128.4153.4160.6158.1192.4193.5213.5
15.216.318.122.927.032.544.251.659.762.974.592.8
109.1119.3102.2100.099.993.996.0
135.6171.4182.1178.4222.2230.6260.0
17.718.920.625.129.434.941.248.160.559.065.778.897.4
111.1100.9100.0104.3103.5107.0142.7173.3179.9188.5241.0257.5277.1
3.33.23.13.13.94.23.23.14.65.96.46.35.47.0
10.511.311.811.811.211.210.38.67.36.9
"8.8"10.0"10.4
9.69.8
10.210.510.610.410.410.1
16.915.817.219.923.527.731.035.644.942.346.259.277.9
103.7104.8100.093.288.894.7
113.7138.9158.6167.3191.4210.8228.4
1 Former West Germany.2 Civilian unemployment rates, approximating U.S. concepts. Quarterly data for France, Germany, and United Kingdom should be
viewed as less precise indicators of unemployment under U.S. concepts than the annual data. Many Italians reported as unemployed didnot actively seek work in the past 30 days, and they have been excluded for comparability with U.S. concepts. Inclusion of such personswould about double the unemployment rate for Italy through 1985, and increase it to 11-12 percent for 1986-92 and 13 percent in1993.
3 There are breaks in the series for Germany (1983) and Italy (1986, 1991, and 1993). Based on the prior series, the rate forGermany was 7.2 percent in 1983, and the rate for Italy was 6.3 percent in 1986 and 6.6 in 1991. The break in 1993 raised Italy's rateby approximately 1.1 percentage points.
4 Hourly compensation in manufacturing, U.S. dollar basis. Data relate to all employed persons (wage and salary earners and the self-employed) in the United States and Canada, and to all employees (wage and salary earners) in the other countries. For France andUnited Kingdom, compensation adjusted to include changes in employment taxes that are not compensation to employees, but are laborcosts to employers.
Source.- Department of Labor, Bureau of Labor Statistics.
393Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-110.—Foreign exchange rates, 1969-93
[Currency units per U.S. dollar, except as noted]
Period
March 1973
19691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931992: 1
IIIllIV
1993:1IIIllIV
March 1973
1969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993
1992:1IIIllIV
1993:1IIIllIV
Belgium(franc)
39.408
50.14249.65648.59844.02038.95538.95936.80038.60935.84931.49529.34229.23837.19545.78151.12357.75259.33744.66437.35836.78539.40933.42434.19532.14834.58133.34733.22030.17031.91533.68633.31135.44735.857
Netherlands(guilder)
2.8714
3.62403.61663.49533.20982.79462.68792.52932.64492.45482.16432.00731.98752.49992.67192.85443.20853.31852.44852.02641.97782.12191.82151.87201.75871.85851.82431.81821.65061.74481.83871.81801.88611.8907
Canada(dollar)
0.9967
1.07691.04441.0099.99071.0002.9780
1.0175.9863
1.06331.14051.17131.16931.19901.23441.23251.29521.36591.38961.32591.23061.18421.16681.14601.20851.29021.17751.19401.20161.26171.26081.27031.30391.3251
Sweden(krona)
4.4294
5.17015.18625.10514.75714.36194.43874.15314.35804.48024.52074.28934.23105.06606.28397.67188.27088.60327.12736.34696.13706.45595.92316.05215.82587.79565.88545.83025.35236.25817.52997.41308.01518.2185
France(franc)
4.5156
5.19995.52885.51005.04444.45354.81074.28774.78254.91614.50914.25674.22515.43976.57947.62048.73568.98006.92576.01225.95956.38025.44675.64685.29355.66695.51375.44164.96285.26715.54635.46355.81805.8368
Switzerland(franc)
3.2171
4.31314.31064.11713.81863.16882.98052.58392.50022.40651.79071.66441.67721.96752.03272.10072.35002.45521.79791.49181.46431.63691.39011.43561.40641.47811.45731.47801.30411.38881.50631.46281.47681.4676
Germany(mark)
2.8132
3.92513.64653.48303.18862.67152.58682.46142.51852.32362.00971.83431.81752.26322.42812.55392.84552.94202.17051.79811.75701.88081.61661.66101.56181.65451.62041.61461.46431.55091.63491.61981.67761.6851
United Kingdom(pound)1
2.4724
2.39012.39592.44422.50342.45252.34032.22171.80481.74491.91842.12242.32462.02431.74801.51591.33681.29741.46771.63981.78131.63821.78411.76741.76631.50161.76921.80701.90301.57811.47691.53311.50371.4914
Italy(lira)
568.17
627.32627.12618.34583.70582.41650.81653.10833.58882.78849.13831.11856.21
1138.581354.001519.321756.111908.881491.161297.031302.391372.281198.271241.281232.171573.411218.541217.231135.181362.891547.371506.551586.561653.17
Japan(yen)
261.90
358.36358.16347.79303.13271.31291.84296.78296.45268.62210.39219.02226.63220.63249.06237.55237.46238.47168.35144.60128.17138.07145.00134.59126.78111.08128.77130.37124.93123.02120.67110.05105.65108.35
Multilateral trade-weighted value ofthe U.S. dollar (March 1973=100)
Nominal
100.0
122.4121.1117.8109.199.1101.498.5105.7103.492.488.187.4103.4116.6125.3138.2143.0112.296.992.798.689.189.886.693.288.288.081.988.593.390.993.794.9
Real2
100.0
98.999.494.197.693.384.483.284.9100.9111.8117.3128.8132.4103.690.988.294.486.086.583.489.984.884.478.985.490.087.690.291.7
1 Value is U.S. dollars per pound.2 Adjusted by changes in consumer prices.Source-. Board of Governors of the Federal Reserve System.
394Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B —111.— Growth rates in real gross domestic product, 1975-93
[Percent change]
Area and country 1975-84 1985 1986 1987 1988 1989 1990 1991 1992 1993 *
World
Industrial countries-
United StatesCanadaJapan
European Community
FranceGermany2
ItalyUnited Kingdom3
Developing countries
AfricaAsiaMiddle East and EuropeWestern Hemisphere
Countries in transition4
Central EuropeFormer Soviet Union5
3.3
2.5
2.53.24.0
2.0
2.11.82.51.5
4.5
2.36.33.63.2
3.9
3.34.1
3.7
3.3
3.24.85.0
2.5
1.91.92.63.8
5.2
3.77.32.93.5
2.1
3.11.7
3.6
2.9
2.93.32.6
2.9
2.52.22.94.3
4.9
1.97.02.44.0
3.6
3.73.6
3.9
3.2
3.14.24.1
2.9
2.31.43.14.8
5.7
1.38.15.93.2
2.6
1.92.8
4.6
4.3
3.95.06.2
4.2
4.53.74.15.0
5.3
3.99.0
.71.1
4.3
1.55.3
3.4
3.2
2.52.44.7
3.5
4.33.62.92.2
4.1
3.65.53.61.6
2.3
.23.0
2.2
2.3
1.2- . 24.8
3.0
2.55.72.1
.4
3.7
1.95.74.2
.3
- 3 . 5
- 7 . 1- 2 . 3
0.6
.5
- . 7-1 .7
4.0
.71.71.3
-2 .2
4.5
1.66.12.43.3
-12.0
-12.6-11.8
1.7
2.6.7
1.3
1.1
1.41.9.9
- . 5
5.8
.47.87.82.5
-15.4
-9 .1-17.8
2.2
1.1
2.72.6
- . 2
-1 .0-1 .6
.01.8
6.1
1.68.73.43.4
-10.2
- 1 . 8-13.7
1 All figures are forecasts except data for United States.2 Through 1990 for West Germany only.3 Average of expenditure, income, and output estimates of GDP at market prices.4 For most countries included in the group, total output is measured by real net material product (NMP) or by NMP-based estimates
of GDP.5 Data beginning 1990 are weighted averages of separate estimates for the 15 states of the former U.S.S.R.
Sources: Department of Commerce (Bureau of Economic Analysis) and International Monetary Fund.
395Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
NATIONAL WEALTH
TABLE B-l 12.—National wealth, 1946-92
[Billions of dollars]
End of yearTotalnet
worth l
Private net worth 2
Total
Tangible wealth 3
Total *
Owner-occupied
realestate
Con-sumer
durables
Financial wealth
Tota l 5Corpo-
rateequity 6
Noncor-porateequity
Government net financial assets
Total7 FederalStateandlocal
1946194719481949
19501951195219531954
19551956195719581959
19601961196219631964
19651966196719681969
19701971197219731974
1975..1976..1977..1978..1979..
1980..1981..1982..1983..1984..
1985..1986..1987..1988..1989..
1990..1991..1992..
533.7624.1673.9706.8
816.9918.8954.5979.0
1,076.5
1,186.21,282.21,302.41,452.61,526.9
1,570.91,727.51,715.01,855.52,010.1
2,182.82,239.02,513.82,847.82,891.4
3,018.43,331.33,762.93,942.44,090.1
4,636.05,328.15,784.46,615.97,734.5
8,958.99,531.1
10,099.510,860.811,421.5
12.474.013,468.614,249.315,146.616,683.5
16,425.217,949.818,569.3
755.5831.6872.9909.6
1,015.41,112.91,167.61,204.51,311.2
1,421.71,515.01,537.01,702.51,784.0
1,828.91,995.31,990.62,135.82,297.3
2,474.22,537.62,825.23,172.03,216.7
3,364.03,706.94,153.74,333.84,493.6
5,119.45,871.76,396.67,232.68,365.6
9,650.610,307.611,021.411,961.812,697.7
13,942.315,158.516,122.717,216.218,955.6
18,933.120,731.821,749.9
220.1260.7294.7323.5
373.1419.1455.2486.3514.4
557.9603.2634.3664.1699.1
730.0761.2794.5833.0874.9
919.2991.8
1,059.41,182.01,282.8
1,363.91,478.11,667.71,887.82,146.8
2,391.12,683.83,088.33,601.34,178.7
4,703.05,096.55,358.55,672.86,160.0
6,603.27,100.47,656.18,102.88,708.6
8,738.39,248.39,534.1
149.6175.5197.1214.7
239.7266.8291.6312.6335.4
364.8391.9416.3438.8464.4
488.2512.5535.9559.2584.6
609.6651.9688.2768.7826.7
867.4945.7
1,085.51,234.91,395.2
1,572.11,790.42,094.72,478.22,897.2
3,289.43,572.63,758.43,983.94,349.4
4,650.14,978.25,368.95,619.66,058.5
5,979.06,440.76,671.7
53.265.176.386.6
108.2124.4134.0143.0147.1
157.3171.9176.2182.0189.0
193.7196.8202.3212.8223.7
236.1258.5283.2314.2343.7
372.4393.7424.7470.5544.2
595.7652.8725.5815.2924.4
1,014.31,086.21,133.71,193.81,281.5
1,391.11,527.51,659.51,808.41,929.6
2,047.12,141.92,232.1
535.4570.9578.2586.1
642.3693.8712.4718.2796.8
863.8911.8902.7
1,038.41,084.9
1,098.91,234.11,196.11,302.81,422.4
1,550.01,545.81,765.81,990.01,933.9
2,000.12,228.82,486.02,446.02,346.8
2,728.33,187.93,281.33,631.34,186.9
4,947.65,211.15,662.96,289.06,537.7
7,339.18,058.18,466.69,113.4
10,247.0
10,194.811,483.512,215.8
102.6100.299.0
108.1
132.0154.6156.3150.2218.9
268.2288.4254.3358.0385.4
381.5487.8423.0497.3572.2
649.8581.7724.2863.8655.5
638.6730.1810.5607.0387.8
515.6721.1620.4631.4764.3
1,021.0926.1999.1
1,158.71,099.8
1,453.51,754.81,757.01,900.02,264.9
2,190.43,073.43,665.5
200.1236.1245.1244.6
276.3297.3299.6301.2303.3
312.0327.4337.7351.1354.5
356.4365.0374.1383.6396.1
417.8441.3460.6496.5524.1
546.2592.8666.2799.9877.6
958.61,071.41,195.11,398.61,632.0
1,863.62,016.22,015.12,059.12,026.8
2,049.62,107.22,224.62,353.02,508.1
2,440.62,344.62,266.6
-221.8-207.5-199.0-202.8
-198.5-194.1-213.1-225.5-234.7
-235.5-232.8-234.6-249.9-257.1
-258.0-267.8-275.6-280.3-287.2
-291.4-298.6-311.4-324.2-325.3
-345.6-375.6-390.8-391.4-403.5
-483.4-543.6-585.2-616.7-631.1
-691.7-776.5-921.9
-1,101.0-1,276.2
-1,468.3-1,689.9-1,873.4-2,069.6-2,272.1
-2,507.9-2,782.0-3,180.6
-221.6-207.4-198.8-202.4
-195.1-189.7-203.2-212.1-217.5
-215.1-209.4-206.7-216.5-219.4
-217.0-223.1-227.8-229.9-233.8
-235.7-239.0-247.0-255.5-249.2
-260.7-282.3-298.9-305.2-316.2
-392.9-452.9-507.7-545.3-566.5
-626.7-702.8-848.3
-1,041.7-1,223.9
-1,429.8-1,663.7-1,845.4-2,037.8-2,212.9
-2,406.0-2,646.5-2,998.2
- 0 . 6
-.1- . 9
- 3 . 9- 5 . 0
-10 .5-14 .0-17.9
-21 .1-24 .1-28.7-34.2-38.6
-41.9-45.7-48 .8-51 .5-54 .5
- 5 7 . 0- 6 0 . 9- 6 6 . 0- 7 0 . 5- 7 8 . 2
-87 .3-96.2-95.1-90.6-93.9
-99.0-100.8
-88.1-83.0-77.3
-79.2-89 .3-90.9-77.8-73.6
-59 .3-48.1-51.8-59 .1-90.2
-136.6-173.2-226.0
1 Sum of private net worth and government net financial assets.2 Referred to as household net worth in the Balance Sheets.3 Held by households and nonprofit organizations.4 Also includes nonprofit organizations real estate.5 Also includes credit market instruments, life insurance and pension reserves, security credit, and miscellaneous assets, and is net of
liabilities.6 Includes households and nonprofit organizations' direct (or through mutual funds) holdings of corporate equity. Equity held through
pension and life insurance reserves is not included.7 Also includes sponsored credit agencies and the Federal Reserve. Some tangible wealth is included for these agencies.
Note.—Data are from Balance Sheets for the U.S. Economy, 1945-92, September 1993, with updates for recent years from Flow of FundsAccounts, Flows and Outstanding, December 1993.
Data are measured at market value where available. For example, corporate equity and land are measured at market value, but bondsare measured at par value.
Source: Board of Governors of the Federal Reserve System.
396Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-113.—National wealth in 1987 dollars, 1946-92
[Billions of 1987 dollars]
End of yearTotalnet
worth 1
Private net worth 2
Total
Tangible wealth s
Total4
Owner-occupied
realestate
Con-sumer
durables
Financial wealth
Total5Corpo-
rateequity 6
Non-corpo-
rateequity
Government net financial assets
Total7 FederalStateandlocal
1946..1947..19481949
19501951195219531954
195519561957.1958.1959.
1960.19611962.1963.1964.
19651966196719681969
19701971197219731974
19751976197719781979
19801981198219831984
19851986198719881989
199019911992
3,195.83,200.53,336.13,551.8
3,871.64,313.64,358.44,450.04,805.8
5,091.05,320.35,294.35,741.55,895.4
6,018.86,494.46,328.46,747.37,153.4
7,552.97,463.38.109.08,735.68,429.7
8,361.28,766.69,430.89,168.48,647.1
9,108.19,866.910,007.610,518.111,307.7
11,866.111,637.511,812.312,189.512,307.7
13,020.913,687.614,011.114,262.315,057.3
14,196.415,020.815,121.6
4,524.04,264.64,321.34,570.9
4,812.35,224.95,331.55,475.05,853.6
6,101.76,286.36,248.06,729.26,888.0
7,007.37,501.17,345.47,766.58,175.4
8,561.28,458.79,113.59,730.19,378.1
9,318.69,755.010,410.310,078.69,500.2
10,057.810,873.511,020.111,498.612,230.4
12,782.312,585.612,890.513,425.113,682.9
14,553.515,405.015,853.216,211.117,107.9
16,364.017,348.817,711.6
1,318.01,336.91,458.91,625.6
1,768.21,967.62,078.52,210.52,296.4
2,394.42,502.92,578.52,624.92,699.2
2,796.92,861.72,931.73,029.13,113.5
3,180.63,306.03,417.43,625.83,739.9
3,778.13,889.74,179.74,390.24,538.7
4,697.64,970.05,343.15,725.46,109.2
6,229.16,222.86,267.36,366.86,637.9
6,892.77,215.97,528.17,629.87,859.7
7,552.57,739.27,763.9
895.8900.0975.7
1,078.9
1,136.01,252.61,331.51,420.91,497.3
1,565.71,626.11,692.31,734.41,793.1
1,870.51,926.71,977.52,033.52,080.4
2,109.32,173.02,220.02,358.02,410.2
2,402.82,488.72,720.62,871.92,949.7
3,088.63,315.63,624.03,939.94,235.7
4,356.84,362.14,395.84,471.34,686.9
4,854.05,059.15,279.25,291.55,468.0
5,167.75,389.75,433.0
318.6333.8377.7435.2
512.8584.0611.9650,0656.7
675.1713.3716.3719.4729.7
742.1739.8746.5773.8796.1
817.0861.7913.5963.8
1,002.0
1,031.61,036.11,064.41,094.21,150.5
1,170.31,208.91,255.21,296.01,351.5
1,343.41,326.31,326.01,339.81,380.9
1,452.11,552.31,631.81,702.81,741.5
1,769.31,792.41,817.7
3,206.02,927.72,862.42,945.2
3,044.13,257.33,253.03,264.53,557.1
3,707.33,783.43,669.54,104.34,188.8
4,210.34,639.54,413.74,737.55,061.9
5,380.65,152.75,696.16,104.35,638.2
5,540.45,865.36,230.65,688.44,961.5
5,360.15,903.55,677.05,773.16,121.2
6,553.16,362.86,623.37,058.47,044.9
7,660.98,189.18,325.18,581.49,248.2
8,811.49,609.69,947.7
614.4513.8490.1543.2
625.6725.8713.7682.7977.2
1,151.11,196.71,033.71,415.01,488.0
1,461.71,833.81,560.91,808.42,036.3
2,248.41,939.02,336.12,649.71,911.1
1,769.01,921.32,031.31,411.6
819.9
1,013.01,335.41,073.41,003.81,117.4
1,352.31,130.81,168.51,300.41,185.1
1,517.21,783.31,727.61,789.12,044.1
1,893.22,571.92,984.9
1,198.21,210.81,213.41,229.1
1,309.51,395.81,368.01,369.11,354.0
1,339.11,358.51,372.81,387.71,368.7
1,365.51,372.21,380.41,394.91,409.6
1,445.71,471.01,485.81,523.01,528.0
1,513.01,560.01,669.71,860.21,855.4
1,883.31,984.12,067.62,223.52,386.0
2,468.32,461.82,356.82,311.02,184.1
2,139.52,141.52,187.42,215.62,263.6
2,109.41,962.01,845.8
-1,328.1-1,064.1
-985.1-1,019.1
-940.8-911.3-973.1
-1,025.0-1,047.8
-1,010.7-966.0-953.7-987.7-992.7
-988.5-1,006.8-1,017.0-1,019.3-1,022.1
-1,008.3-995.3
-1,004.5-994.5-948.4
-957.3-988.4-979.4-910.2-853.1
-949.7-1,006.7-1,012.5
-980.4-922.7
-916.2-948.1
-1,078.2-1,235.7-1,375.2
-1,532.7-1,717.4-1,842.1-1,948.8-2,050.6
-2,167.6-2,328.0-2,590.1
-1,326.9-1,063.6
-984.2-1,017.1
-924.6-890.6-927.9-964.1-971.0
-923.2-868.9-840.2-855.7
847.1
-831.4-838.7-840.6-836.0-832.0
-815.6-796.7-796.8-783.7-726.5
-722.2-742.9-749.1-709.8-668.5
-771.9-838.7-878.4-866.9-828.2
-830.1-858.1-992.2
-1,169.1-1,318.9
-1,492.5-1,690.8-1,814.6-1,918.8-1,997.2
-2,079.5-2,214.6-2,441.5
-3 .6- 2 . 6- 3 . 5-4 .5
-18.5-23.5-47.9-63.6-79.9
-90.6-100.0-116.7-135.2-149.0
-160.5-171.8-180.1-187.3-194.0
-197.2-203.0-212.9-216.3-228.0
-241.8-253.2-238.3-210.7-198.5
-194.5-186.7-152.4-132.0-113.0
-104.9-109.0-106.3
-87.3-79.3
-61.9-48.9-50.9-55.6-81.4
-118.1-144.9-184.0
1 Sum of private net worth and government net financial assets.2 Referred to as household net worth in the Balance Sheets.3 Held by households and nonprofit organizations.4 Also includes nonprofit organizations real estate.5 Also includes credit market instruments, life insurance and pension reserves, security credit, and miscellaneous assets, and is net of
liabilities.6 Includes households and nonprofit organizations' direct (or through mutual funds) holdings of corporate equity. Equity held through
pension and life insurance reserves is not included.7 Also includes sponsored credit agencies and the Federal Reserve. Some tangible wealth is included for these agencies.
Note.—See Note, Table B-112.Deflated by the GDP implicit price deflator. (The deflator was averaged for fourth quarter of year shown and first quarter of following
year.)Sources: Board of Governors of the Federal Reserve System and Department of Commerce, Bureau of Economic Analysis.
397Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SUPPLEMENTARY TABLE
TABLE B-114.—Selected historical series on gross domestic product and related series, 1929-58
[Billions of dollars; except as noted]
Year
1929
19301931193219331934
19351936193719381939
19401941194219431944
19451946194719481949
19501951195219531954
1955195619571958
Gross domestic product
Cur-rentdol-lars
103.1
90.475.858.055.665.1
72.382.790.884.990.8
100.0125.0158.5192.4211.0
213.1211.9234.3260.3259.3
287.0331.6349.7370.0370.9
404.3426.2448.6454.7
1987dollars
821.8
748.9691.3599.7587.1632.6
681.3777.9811.4778.9840.7
906.01,070.61,284.91,540.51,670.0
1,602.61,272.11,252.81,300.01,305.5
1,418.51,558.41,624.91,685.51,673.8
1,768.31,803.61,838.21,829.1
Implicitprice
deflator(1987 =
100)
12.5
12.111.09.79.5
10.3
10.610.611.210.910.8
11.011.712.312.512.6
13.316.718.720.019.9
20.221.321.522.022.2
22.923.624.424.9
Percent change frompreceding period
Currentdollars
- 1 2 . 4- 1 6 . 2- 2 3 . 5
- 4 . 117.1
11.114.49.8
- 6 . 57.0
10.225.026.821.39.7
1.0- .610.611.1- .4
10.715.55.45.8.2
9.05.45.21.4
1987dollars
- 8 . 9- 7 . 7
- 1 3 . 3- 2 . 1
7.7
7.714.24.3
- 4 . 07.9
7.818.220.019.98.4
- 4 . 0- 2 0 . 6
- 1 . 53.8.4
8.79.94.33.7
-.7
5.62.01.9
- .5
Im-plicitpricedefla-tor
- 3 . 2- 9 . 1
- 1 1 . 8- 2 . 1
8.4
2.9.0
5.7- 2 . 7- .9
1.96.45.11.6.8
5.625.612.07.0
- .5
1.55.4.9
2.3.9
3.23.13.42.0
Constant (1987) dollars
Personalcon-
sumptionexpendi-
tures
554.5
520.0501.0456.6447.4461.1
487.6534.4554.6542.2568.7
595.2629.3628.7647.3671.2
714.6779.1793.3813.0831.4
874.3894.7923.4962.5987.3
1,047.01,078.71,104.41,122.2
Grossprivate
domesticinvest-ment
152.8
107.267.225.026.641.1
65.289.9
106.469.993.4
121.8149.481.453.559.8
82.6195.5198.8229.8187.4
256.4255.6231.6240.3234.1
284.8282.2266.9245.7
Netexports
1.9
- .3- 2 . 3- 2 . 4- 3 . 0- 1 . 0
- 7 . 2- 5 . 1- 1 . 9
4.24.6
8.22.8
-11 .1- 2 8 . 1- 2 9 . 0
- 2 3 . 926.541.916.617.3
3.211.12.3
- 7 . 1- 2 . 3
- 5 . 2- 1 . 2
1.6- 1 4 . 9
Gover-mentpur-
chases
112.6
122.0125.5120.5116.1131.4
135.7158.6152.2162.5174.0
180.7289.1586.0867.7968.0
829.4271.0218.8240.6269.3
284.5397.0467.6489.8454.7
441.7444.0465.3476.0
Disposablepersonalincome
Total
585.8
542.2519.7449.8437.0462.0
505.2565.9585.5547.6590.3
627.2713.9824.7863.8901.8
890.9860.0826.1872.9874.5
942.5978.2
1,009.71,053.51,071.5
1,130.81,185.21,214.61,236.0
Percapita(dol-lars)
4,807
4,4024,1863,6003,4773,652
3,9674,4154,5404,2134,505
4,7475,3526,1156,3176,516
6,3676,0835,7325,9535,862
6,2146,3406,4336,6036,598
6,8427,0467,0917,098
Savingas
percentofdispos-
ableperson-
alin-
come 1
3.0
2.52.1
- 3 . 1- 3 . 9- 1 . 1
2.34.44.0
- .32.4
3.810.723.124.525.0
19.28.53.05.83.7
5.97.37.27.06.2
5.77.17.27.4
Popula-tion
(thou-sands) 2
121,878
123,188124,149124,949125,690126,485
127,362128,181128,961129,969131,028
132,122133,402134,860136,739138,397
139,928141,389144,126146,631149,188
151,684154,287156,954159,565162,391
165,275168,221171,274174,141
1 Percents based on data in millions of dollars.2 Population of the United States including Armed Forces overseas; does not include data for Alaska and Hawaii.
Source: Department of Commerce, Bureau of Economic Analysis.
O
398Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis