SCB_061966

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

"OF

JUNE 1 968 / VOLUME 46 NUMBER

CONTENTS

THE BUSINESS SITUATION

Summary 1

Residential Construction Activity 3

National Income and Product Tables 6

Capital Investment To Rise Throughout 1966 8

Manufacturers' Inventory and Sales Expectations-Second and Third Quarters 1966 13

ARTICLES

Foreign Travel Payments Continue To Rise in 1965 15

The U.S. Balance of International Payments:First Quarter of 1966 18

NEW OR REVISED STATISTICAL SERIES

Production of Electric Energy in 1964 43

Money Supply and Related Data, 1959-64 44

CURRENT BUSINESS STATISTICS

General S1-S24

Industry S24-S40

Subject Index (Inside Back Cover)

U,S.

John T. Connor / Secretary

Office of

George Jaszi / DirectorMorris R. Goldman Louis J, Paradise

Associate Directors

Murray F. Foss /Editor

Leo V. Barry, Jr. / Statistics Editor

Billy Jo Hurley / Graphics

Business Review and Features:

Francis L, Hirt

Charles A« Waite

David R. Hull, Jr.

Leo Bernstein

Genevieve B» Winisatt

Marie P. Hertzberg

Articles:Etienne H. Miller

Walther Lederer

Samuel Pizer

Evelyn M. Parrish

Subscription prices* including weekly statistical sup-plements, are'$6 a year for domestic and $9.7$ for foreignmailing* Single issue 45 cents*

Make checks payable to the Superintendent of Docu~ments and send to U.S. Government Printing Office,Washington, D.C., 20402, or to any U.S. Department ofCommerce Field Office.

U.S. OF OFFICES

, N.-Mex.,. 87101U.S. Courthouse Ph. 247-0311.

„,-,.-—~a, 99501c-Sogu Bldg. 272-6331.

Atlanta, Ga., 3030375 ForsytJb St. NW. 526-6000.

Baltimore, M<L, 21202 '305 U.S. Customhouse PL 2-8460.

gham, Ala., 35205908 S. 20th St, Ph. 325-3327.

Boston, Mass., 02110' -80 Federal St. CA 3-2312.

Buffalo* H.Y., 14203 , '.117 Eifieott St. ' Ph, 842-3208,

Charleston, S.C., 29403334 MeeHog St.

' Ph. 747-4171. ' -' - •Charleston, W; Va.,, 25301 ' •'

500 QjaarHer St. Ph. 343-6196.

Cheyenpe, Wyo^ 82001' •• -6022 U;S. Federal Bldg.Ph* 634-59201

Chleago, 111.; 60604 ' - .1486 New Federal Bldg.Pb. 828-4400.

Cincinnati, Ohio, 45202''550 Main St, ; Ph. 684-2944.

, Cleyelaiidy Ohio, 44101 ' • ', ' ' E* -6th St. and Superior Ave. ' -

' Ph, 241-7900.Pallas, Tex*,, 75202 <• ' '

1114 Commerce St. Ht 9-3287.

Deivftsr, Colo*, 80202 ' '. '16407 Fed. BMg.s 20th Stoiit Sts.Ph. 297-3246.

Bes Moines, Iowa, 50309 :1216 Paramowit Bldg,Ph. 284-4222. '

Detroit, Mich., 48226445 Federal Bldg. Ph. 226-6088,

Greensboro, N.CU 27402' .412 U.S. Post Office Bldg.Ph. 275-9111.

Hartford, Con**;', 06103,18 Asylum St. Ph. 244-3530.

Honolulu, Hawaii, 96813202 International Savings Bldg.Ph. 588-977.

Houston, Tex., 77002515 Rusk Ave. Ph. 228-0611.

Jacksonville, Fla.,, 32202''208 Laura St. Ph. 354-7111.

Kansas City, Mo., 64106 '911 Walnut St. FR 4-3141.

Los Angeles, Calif*, 900151031 S. Broadway Ph. 688-2833.

Memphis, Teira»,.-345. Federal Office Bldg, ' ', :

- Ph.534-3214.- ' / , ' ' , - *Miami, Fla,-, 33130, > ' ' • '

Sl-SW. First Ave., Ph. 350-5267,-,,Mawaw|:ee,-Wis., 53203' ' ' 'V

238 W. Wkeomiu Ave, BE 2^8600.., 55401 ''Ph. 334-2133,306 Federal Bldg,

^610; South St, ' Ph. 557^6546. . •ew' Yoirk^ N . Y. v 10001 - ' - . . - 'Empire State Btdg, - 'LO 3-3377,

^Fa ' 19107 / ' •1015 Chestnut St. Ph. 597-2850,

Phoenix, Ariz. y 85025" ' ' ' - • -230 N. First Ave. Ph. 261-^328$,

- Pi tltsh«rgh , Fa ; v 15222 " : - , * '" ' ' •1000 Liberty Ave. Ph, 644-2850,

Portland, Oreg,, ^7204217 Old U.S. Courthouse Bltig.Ph. 226-3361,

, ., • .300 Booth St, Ph. 784-5203.

/ R!«hnxoitid, Va'M 23240': . •2105 Federal Bldg. Ptu 649-3611,

. St.. Louis, Mo., 63103-25.11 Federal BHg. MA 2-4243. '

Salt Lake City, Utah, 84111 ; ."; 125 South State St. Pk 524-5116,

' Satt Fr^nelseo, Calif., 94102450 Golden Gate Ave.

- , Ph. 556-5864. ,-• - . - - , / / _/Santtir^e, Puerto Bico, 00907

605 Condado Ave. Ph. 723-4640.'Savannah, Gsu, 31402 : \ ',

235 U.S. Courthouse and P.O.Bldg. 232-4321.

Seattle,' Wash*, 98104809 Federal Office BWg.583-5615.


the BUSINESS SITUATION

JL HE May statistics on businessactivity gave further support to whatthe April data had suggested: Totaloutput and sales in the second quarterhave increased at a good pace, but therate of advance has been well belowthat of the two preceding quarters;moreover, the slowdown in the demandincrease has centered in the consumersector, chiefly durable goods and espe-pecially automobiles. These changeshaVe occurred while upward pressureson industrial prices have continuedstrong.

The comprehensive payroll figuresafford a good indication of how thetempo of the advance has changed.They were up by $2.2 billion (seasonallyadjusted annual rate) from April toMay and brought the May total to apoint $6X billion above February. Thegain over the past 3 months has beensomewhat greater than the averagequarterly rise from 1964 to 1965 butlow&r than the $9 billion increases thattook place in the last quarter of 1965and the first quarter of this year.

On the demand side, it appears thatactivity this spring has advanced main-ly under the stimulus of rising plant andequipment expenditures and defenseoutlays'. However, consumer demand,after two quarters of extraordinaryincrease, has lost some of its buoyancy.According to the advance report forMay, retail sales declined (seasonallyadjusted) for the second straight month,chiefly because of lower sales of durablegoods. For both automobiles and otherdurable goods, the rate of sales so farin the second quarter is running belowthe first; for nondurables, it is some-what higher.

Last month, wholesale industrialprices rose 0.4 percent as a result ofwidespread price increases among thevarious commodity groups, but farmprices were lower and processed foodprices not much changed. Conse-

CHART 1

Plant and Equipment ExpendituresInvestment in 1966 now anticipatedat 17 percent above 1965

Billion $

80

60

40

20

TOTAL BUSINESS

40

20

0

40

20

0

MANUFACTURING

" 5 " >V

—F\\n

—

—

NONIV1AI\ UFACTU RING

- - tV —

1962 63 64 65 66*

*Last three quarters are anticipated.

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

1 2 3 4

1966*

Quarterly,Seasonally Adjusted

at Annual Rates

Data: OBE-SEC

66-6-1

quently, for the 3d month in a row,there was little change in the overallwholesale price index. The rise inindustrial prices was the fifth straightmonthly increase this year and broughtthe annual rate of advance sinceDecember to approximately 8)2 percent.

Auto sales decline further

The slump in new car sales thatbegan in April continued in May.After a seasonally adjusted drop of 13percent from March to April, retailsales of domestically built passengercars fell 7 percent last month. Com-bined sales for April and May were 15percent below the first quarter rate.Aside from the strike-affected fallmonths of 1964, the May rate of newcar sales was the lowest since June 1964.However, sales improved in the first 10days of June.

New car inventories held by dealershave been rising steadily since Januaryand in May increased by 100,000 units,the largest monthly addition in thecurrent model year. End-of-Maystocks, seasonally adjusted, were at anew peak of 1.5 million units. Relativeto sales, dealers' stocks now representtwo and one-half times the May rateof deliveries, as compared with a stock-sales ratio of 1.78 in the first quarterof this year and 1.86 in the finalquarter of 1965.

Reflecting the lower rate of sales andrelatively high inventories, passengercar production was cut back fairlysharply in May. It was the firstsignificant reduction in assemblies in thecurrent business expansion, except forthe loss of output due to work stoppages.On the other hand, truck production,where demand from business and


SURVEY OF CURRENT BUSINESS June 1966

government continued strong, has beenmaintained at about record rates.The auto industry is shutting down formodel changeovers somewhat earlierthan in 1965, and for some models, theshutdown will be for longer periodsthan last year.

Steel adds to output rise

The reduction in auto assemblieswas the chief factor limiting the rise(seasonally adjusted) in industrial pro-duction from April to May. TheFederal Reserve index increased closeto 1 percent over the month, paced bysizable advances in business and defenseequipment, a substantial pickup insteel production, and the recovery ofcoal production from the April strikes.

The May increase in steel milloperations—about 4 percent—marked

the 6th straight month of advance.Steel ingot output in May, at anannual rate of about 141 million tonson a seasonally adjusted basis, was thehighest since the early summer monthsof 1965, when steel users were pressingthe mills for strike-hedging tonnage.Steel output has increased about 30percent since November 1965.

With consumption at a record rate,the steel inventory adjustment bymanufacturing consumers, underwaysince September 1965, seems to beabout over. There was some liquida-tion of stocks in April, but the reductionwas only 100,000 tons (unadjusted);this compares with an average monthlydecline of 700,000 tons in the firstquarter and of 1.4 million tons in theprevious quarter. At the end of April,

Corporate Profits Before Tax Related toCorporate Gross Product-NonfinanciaI CorporationsThe profit ratio rose in the first quarter to a new peak for the current expansion

CHART 2

70

65

60

55

Note: Percentages represent the ratio,of corporate'profits before tax to corporate gross product,%

100 125 275

I300

I . I.

225 250Billion $

Corporate Gross Product

Note: Data are seasonally adjusted at annual rates and exclude profits originating in the rest of the world.

. Department of Commerce. Office of Business Economics

325 350 375 400

manufacturing consumers' stocks weredown to 10.8 million tons from a highof 17.2 million tons in August 1965,the peak of the 1965 steel inventorybuildup. This carryover was thelowest since December 1964 and, interms of the April rate of consumption,represented a 38-day supply, a levelof inventories that has prevailed inearlier periods of fairly normal operat-ing conditions. With steel productionin May near a record rate and con-sumption held down somewhat by thecutback in automobile production, steelstocks held by manufacturing con-sumers may well show some increasein May.

First quarter profits higher

The regular estimates of first quartercorporate profits were about the sameas the preliminary figures presentedlast month. Including the inventoryvaluation adjustment, profits beforetaxes rose $2.9 billion to a seasonallyadjusted annual rate of $78.1 billion.Durable goods manufacturers accountedfor almost $2 billion of the rise andnondurable goods producers for mostof the remainder. The advance inprofits was due mainly to the unusuallylarge increase in output in the firstquarter and also to a rise in profitmargins, as chart 2 shows.

Federal Fiscal Position

The Federal fiscal position improvedsharply in the first quarter. Withfurther improvement likely in theApril-June quarter (from the step-up inreceipts because of the new graduatedwithholding rates and the restorationof certain excises), the fiscal 1966 deficitshould be somewhat lower than the$2.2 billion estimated in the Januarybudget (national accounts basis).

Recent estimates of fiscal 1966receipts by the Treasury Departmentand the Joint Committee on InternalRevenue show corporate and personalincome tax receipts running well aboveearlier estimates. Expenditures areexpected to match budget projectionsclosely. On balance, since no new meas-ures of fiscal restraint beyond thosecalled for in the January budget wereintroduced, most of the fiscal 1966


June 1966 SURVEY OF CURRENT BUSINESS

improvement reflects higher-than-pro-jected levels of economic activity.

Federal deficit fallsThe Federal budget position on a

national income and product accountsbasis moved to-virtual balance in thefirst quarter of 1966, despite a $6%billion rise in expenditures, the largestabsolute increase since the Koreanwar period. This increase was morethan offset by an upsurge in receipts,about $8% billion at a seasonallyadjusted annual rate. As a result, theFederal fiscal position moved from a$1% billion deficit in the fourth quarterto a surplus of about $% billion in thefirst.

The advance in first quarter receiptswas paced by a $6% billion rise insocial insurance contributions, a resultof the boost in social security tax ratesfrom 7.25 to 8.4 percent and of theexpansion in the wage base from $4,800to $6,600. Sharp increases in personalincome and corporate profits during thequarter raised personal and corporatetax receipts substantially. Personaltaxbs rose over $2 billion and corporatetax liabilities rose $1% billion. Highnet final settlements on 1965 personaltax liabilities also contributed to thestrong advance in personal taxes andare expected to increase further in the

second quarter. Graduated withhold-ing rates on wages and salaries thatwere introduced in early May are

.estimated to add more than $% billion(annual rate) to second quarter per-sonal tax receipts.

Indirect business taxes fell in thefirst quarter as a result of the $1%billion reduction in excise taxes. Thecut was partially canceled in mid-March when Congress restored the ex-cises on passenger automobiles and ontelephone and teletypewriter service topre-January 1 levels. The budget im-pact of the restored excise taxes—about $1 billion at annual rates—willbe felt in the second quarter.

Nearly half of the large rise in ex-penditures occurred in national defensepurchases as military procurement forVietnam jumped sharply during thequarter. Purchases of goods and ser-vices for civilian purposes were up onlymoderately. Grants-in-aid, transferpayments, and net interest paid alsomoved up strongly. Higher outlaysfor education and public assistanceprograms accounted for most of therise in grants. New programs of socialsecurity assistance, such as liberalizedbenefits for widows, children, and thedisabled, contributed to the step-up intransfers. Higher interest rates ac-counted for most of the marked advancein net interest paid.

Residential Construction ActivityTHE increased stringency in credit con-ditions apparent this year has intro-duced considerable uncertainty into theoutlook for honaebuilding activity forthe rest of 1966, despite the continuedstrong flow of consumer income. Thisuncertainty follows a period whenhousing starts in a number of largemetropolitan areas were reduced tocorrect overbuilding, particularly ofapartment houses and especially in theSouthwest and along the West Coast.

Outlays level off this spring

So far in 1966, current-dollar outlaysfor private nonfarm residential struc-tures have fluctuated within the rela-tively narrow range evident since the

spring of 1964. Outlays rose $1 billionin the first quarter of this year to aseasonally adjusted annual rate of$27.6 billion but appear to have leveledoff this spring.

Construction costs have shown sonxesigns of accelerating this year. In thefirst quarter, costs were some 4 percentabove those a year earlier, as comparedwith increases of about 3 percent duringthe 2 previous years. Constant-dollarresidential outlays, which make allow-ance for higher costs, also appeared toshow a pickup in the first quarter and aleveling this spring. However, in con-trast to the current-dollar expenditures,real outlays have been in a moderatedowntrend over the past 2 years or so;

since the recent peak in the first quarterof 1964, real outlays have declinedabout 8 percent.

The short-run changes in real ex-penditures reflect the pattern of housingstarts with a lag of almost one quarter.

CHART 3

Housing Starts

• U.S. total has fluctuated near1.5 million units since mid-1964

• Since then gains in the Northeast and NorthCentral regions have been largely offset bycurtailment of starts in the West

•21959 61 63 65

Quarterly, Seasonally Adjusted at Annual Rates

Note: Regional figures include a small number of housing starts on farms.

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

Data: Census66-5-3


SURVEY OF CURRENT BUSINESS June 1966

Private nonfarm starts rose to a season-ally adjusted annual rate of 1.55 millionunits in the fourth quarter of last yearand fell back to a rate of 1.49 millionin the first quarter. The first quarterrate was about the same as the rate for1965 as a whole and some 10 percentbelow the first quarter 1964 peak.Starts have declined somewhat morethan real expenditures because of thetrend toward units of higher qualityand cost.

Starts edged down from March toApril and dropped sharply in May,Data on housing permits, which nor-mally lead starts slightly, suggest adeveloping weakness in homebuildingsince seasonally adjusted permits thisApril and May were some 9% percentbelow the first quarter 1966 average.

Regional patterns differ

Regional figures have shown diversetrends in housing starts over the past 2years or so (chart 3). Through the endof 1965, starts rose in the two northernregions, decreased slightly in the South,and showqd a sharp and prolonged de-cline in the West.

The overall strength of the economy,especially the durable goods manufac-turing sector, was unquestionably im-

portant in sustaining housing activity inthe heavily industrialized Northeast.and North Central regions throughout1965. In addition, these areas havewitnessed considerable demolition ofolder dwelling units, especially urbanapartment and tenement buildings, forwhich replacement structures have beenerected. The easing of starts in theSouth reflected largely a drop in apart-ment construction in the major metro-politan areas of Texas, after verysubstantial increases—apparently in ex-cess of demand—from 1960 to 1963.Overbuilding accompanied by high va-cancy rates was also an acute problemin the West; the correction that began2K years ago. has been severe and hasbrought starts below their 1960 level.

This spring, both starts and permitsdata have shown some departure fromrecent trends. According to permitsdata, which are somewhat less irregularthan starts, homebuilding activity hasfallen considerably in the northern re-gions and has edged down a littlefurther in the West and in the South.

Housing mix fairly stable since mid-1964

From 1960 to about mid-1964,changes in multifamily housing con-

Table 1.—Private Housing Units Authorized by Building Permits, by Region

[Thousands of units, seasonally adjusted at annual rates]

1963:

1st qtr2d qtr3d qtr4th qtr .

1964:

1st qtr___ _ _ __ ' _ _2d qtr3d qtr4th qtr _

1965:

1st qtr2d qtr3d qtr4th qtr _

1966:

1st qtr _ _2dqtr.i

U.S. total

1, 2581, 33'21,3261,387

1, 37121,2901, 2641, 229

1 2571, 2271, 2131,289

1,2491, 130v

Northeast

236231235247

254243242239

264243255266

275222

NorthCentral

222279267284

313. 268290289

301312334346

343285

South

377398401435

410409394394

413407371430

398396

West

423424423421

395370338307

297265253247

233228

Based on 12,000 permit-issuing places.1 Based on average of April and May.

Source: U.S. Department of Commerce, Bureau of the Census.

struction accounted for most of thechange in total private housing starts.Multifamily housing rose sharply untillate 1963 and early 1964 and thenexperienced a brief but fairly substan-tial cutback because of rising vacancyrates. Since the middle of 1964, whenconstant-dollar housing activity startedto show a decline, there has been rela-tively little change in the mix of singlefamily and multifamily housing. Untilvery recently, single family starts fluc-tuated within a rather narrow range.Multifamily starts have been roughlystable at about 15 percent below theirrecent quarterly peaks- but more thandouble their level of 1959-60.

Seasonally adjusted data on startsare not available by type of structure.To judge from seasonally adjusted per-mit statistics, both single family andmultifamily units in the first quarter of1966 were about the same as their 1965quarterly averages. However, bothdeclined this spring with the singlefamily starts off sharply and the multi-family down only slightly.

Single family housing starts

Demographic factors are mainly re-sponsible for the failure of single familyhousing starts to show any markedchanges over the past 5 or 6 years.Although incomes have risen substan-tially over this period and mortgagefunds, until recently at least, havegenerally been ample, the number ofpersons 25 to 44 years old—the mostimportant home-buying age group—has been quite stable. Data publishedby the Census Bureau show that salesof single family housing erected bymerchant builders have been steady atabout 50,000 per month, seasonallyadjusted, for more than 3 years (mid-dle panel, chart 4). Sales showed aslight pickup in the fourth quarter of1965 and a small dip in the first quarterof 1966.

The difficulties in accurately gagingdemand have led to some mild cyclicalmovements in starts by merchant build-ers since 1960. For example, in 1963,starts increased moderately without acorresponding rise in sales; as a result,inventories of unsold new houses rose,reaching a peak around the middle of



1964. With sales about unchanged, acutback in starts reduced unsold stocksfrom the second half of 1964 through thefirst quarter of this year. Judging bythe limited experience of the CensusBureau survey, stocks of unsold homeshave been quite low relative to salessince late last year, even though thefirst quarter 1966 ratio was slightlyabove the fourth quarter 1965 figure.

Multifamily housing

The most remarkable aspect of themultifamily housing market is not thatstarts are down from their peaks of late1963 and early 1964 but that they haveheld up so well. On an annual basis,multifamily starts in 1965 were only 8percent below 1963, the recent annual

CHART 4

New Single Family HousesThe ratio of houses for sale to sales has beenrelatively low since mid-19te5

RATtO OF HOUSES FOR SALE TO SALES ^

nin Html mi EMI nras sales of new houses have been stable. . .

Thousand Units

100 ' , • . - • >'"-::.r.:-*

o I i:i.:'i t i It n -tTft H $i t tit t It Vet i \i\\fiand the inventory of new houses forsale has fallen

300

250

200

Houses for Sale;

1963 1964 1965

Seasonally Adjusted

*Months of inventory at current sales rate.


1966

Data: Census

66-6-4

high. There are several underlyingreasons for the comparatively high rateof multifamily housing. Demographicfactors are undoubtedly important:The number of very young householdheads, who typically rent rather thanbuy, began to increase a few years agoand is expected to grow considerablyover the next several years. Apart-ment house construction has been verystrong in suburban areas, which havehad large population growth and whichup to a few years ago had shown rela-tively little construction of this type.Multifamily construction was com-paratively low throughout the 1930's,1940's, and 1950's, and the apartmenthouse stock was in need of a majorrenewal. The many new conveniencesintroduced in modern apartment houseshave undoubtedly attracted many fam-ilies and individuals.

The decline in apartment house con-struction from the peaks reached morethan 2 years ago was dampened becausecutbacks in response to increased vacan-cies did not occur simultaneously in allregions. While starts were being re-duced in some areas, they were stillrising in others, and in some areas thatcompleted their adjustment to over-building relatively early, starts beganto increase once again.

According to Census data, the na-tional vacancy rate for rental units—which include a substantial proportionof single family houses for rent—wasslightly lower in the first quarter of1966 than in the corresponding 1965period. For both years, vacancy rateswere above those prevailing in early1963 and 1964.

A more detailed view of the apart-ment house situation is provided by theannual FHA vacanc)y survey of FHArental projects. On a national basis,the 1965 data show a small rise in thevacancy rate over early 1964, whichshowed a rather sharp increase overearly 1963. Among the largest metro-politan areas, changes in vacancy ratesfrom 1964 to 1965 were mixed outsideof the Southwest and the West Coast,where rates were uniformly higher andat very high levels. The 1966 resultsare not yet available. Apartment con-struction has been sharply curtailed inthose metropolitan areas with unusually

high vacancy rates. Last year, forexample, permits for apartment unitsdeclined almost 35 percent in SanFrancisco, about 40 percent in Houston,Dallas, and San Diego, and 50 percentin Los Angeles.

Mortgage markets tight

This spring, homebuilders and homebuyers have been faced with the mostunfavorable credit market conditionssince 1959. Even though there hasbeen a substantial rise in yields avail-able on home mortgage investments,rates on other types of debt instrumentshave risen even faster, and mortgageinvestments have become relatively lessattractive. In previous postwar years,such a development has been associatedwith a reduction in funds availablefor construction and a cutback inhomebuilding.

Table 2.—Vacancy RatesTforFHA Apart-ments, Selected Areas, March 31

U.S. total..

Northeast:

New YorkPhiladelphiaBostonBuffalo /_Newark.

North Central:

ChicagoDetroitPittsburghSt. Louis -.Cleveland

South:

WashingtonBaltimoreHouston _ _ _ _DallasAtlanta

West:

Los Angeles _ _San Francisco. _ _SeattleSan DiegoDenver

1961

5.4

2.06.31.25.21.2

1.37.75.3

17.15.4

1.82.3

18.69.98.3

5. 36.1

11.217.13.2

1962

5.5

2 67 32 45.73.0

3.312.36.6

13.08.7

1.54.9

12.77.67.3

4.94/06.94.85.5

1963

5.1

2 67 83 34.03.7

2.44.28.39.77.8

1.64.8

10.27.96.4

4.84.16.9

16.711.6

1964

6.3

6 07 35 43.34.2

5.56.24.78.37.5

2.93.0

15.713.34.5

8.05.8

11.714.66.3

1965

6.5

4.89.25.*2.44.7

2.'03.75.97.95.8-

2.84.6

15.425.15.4

10.98.9

12.316.110.6

Source: Federal Housing Administration.

Until late 1965, mortgage funds weregenerally in ample supply and mortgageyields had shown a slight downdriftsince the start of the economic expan-


6 SURVEY OF CURRENT BUSINESS June 1966

sion. At present, however, conven-tional mortgage rates on new houses areclose to 6}i percent, as compared withapproximately 5% percent last fall.The maximum rates permissible on

FHA-insured and VA-guaranteed homemortgages have been boosted twice thisyear. In early April, these rates wereraised % of a percent to 5% percent,after a %-percent increase earlier in

1966. In secondary market trading,yields on FHA mortgages have risen toabout 6% percent, after staying under5K percent from early 1963 throughlate 1965.

NATIONAL INCOME AND PRODUCT TABLES

Table 1.—National Income by Type of Income

[Billions of dollars]

Table 2.—Corporate Gross Productl


National income

Compensation of employees

Wages and salaries

PrivateMilitaryGovernment civilian

Supplements to wages and salaries _ _

Employer contributions for socialinsurance

Other labor income. _ _ . _ _ _ _ _ _

Employer contributions to pri-vate pension and welfare funds

Other .__.-.

Proprietors' income

Business and professional

Income of unincorporated enter-prises. _

Inventory valuation adjustment _ _

Farm... _ _

Rental income of persons

Corporate profits and inventory valua-tion adjustment

Profits before tax .

Profits tax liabilityProfits after tax

Dividends ._ __•Undistributed profits

Inventory valuation adjustment

Net interest

1963

481.1

341.0

311.2

251.610.848.8

29.8

15.0

14.8

12.12.7

50.8

37.8

37.8

.0

13.0

17.6

58.1

58.6

26.032.615.816.8

-.4

13.6

1964

514.4

365.3

333.5

269.211.752.6

31.8

15.4

16.5

13.52.9

51.1

39.1

39.1

.0

12.0

18.2

64.5

64.8

27.637.217.219.9

q— . o

15.2

1965

554.7

391.9

357.4

288.512.456.5

34.5

16.3

18.2

54.5

40.3

40.7

-.4

14.3

18.6

73.1

74.7

30.144.518.925.6

-1.6

16.5

1965

I II III IV

1966

I

Seasonally adjusted atannual rates

540. 6

382.4

348.9

282.011.855.0

33.5

16.0

17.5

51.9

39.9

12.0

18.5

71.7

73.1

29.543.618.025.7

-1.4

16.1

549.5

387.9

353.6

285.911.855.9

34.3

16.2

18.1

54.6

40.1

14.5

18.6

72.0

73.9

29:844.118.625.5

-1.8

16.4

557.9

393.7

359.0

290.012.356.7

34.7

16.3

18.4

55.4

40.4

15.0

18.6

73.5

74.6

30.144.519.225. 3

-1.2

16.7

570.8

403.6

368.1

296.113.758.3

35.5

16.6

18.9

56.2

40.7

15.5

18.7

75.2

77.0

31.145.919.926.0

-1.8

17.1

587.7

416.2

377.0

303. 114.459.5

39.2

19.8

19.4

56.9

41.0

15.9

18.8

78.1

80.9

32.648.320.627.7

-2.8

17.6

Corpora te gross product

Capital consumption allowances

Indirect business taxes plus transferpayments less subsidies

Income originating in corporate busi-ness

Compensation of employeesWages and salariesSupplements

Net interest

Corporate profits and inventoryvaluation adjustment

Profits before taxProfits tax liabilityProfits after tax

DividendsUndistributed profits

Inventory valuation adjustment...

Gross product originating infinancial institutions

Gross product originating innonfinancial corporations

Capital consumption allowances „ _ _Indirect business taxes plus transfer

payments less subsidiesIncome originating in nonfinancial

corporationsCompensation of employees.

Wages and salariesSupplements

Net interestCorporate profits and inventory

valuation adjustment -Profits before tax

Profits tax liabilityProfits after tax

DividendsUndistributed profits

Inventory valuation adjustment

Addenda:Cash flow, gross of dividends:

All corporationsNonfinancial corporations

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

1963

334. 2

32.0

32.8

269.4

216.3194.921.4

-2.5

55.656.026.030.014.815.2-.4

14.3

319.8

31.2

31.4

257.3204.4184.519.94.8

48.148.522.625.913.812.2-.4

62.057.1

47.243.3

1964

358. 6

34.0

34.8

289.8

231.2208. 522.7

-2.8

61.461.727.634.116.018.1-.3

15.3

343.3

33.1

33.3

276.8218.4197.321.15.0

53.453.723.630.014.715.3-.3

68.063.2

52.148.5

1965

388.2

36.1

37.1

315.0

248.4223.624.8

-3.1

69.671.230.141.117. 523.6

-1.6

16.5

371.6

35.2

35.5

300.9234.7211.623.15.5

60.762.326.435.916.119.8

-1.6

77.171.0

59.655.0

1965

I II III IV

1966

I


380.4

35.4

37.0

307.9

242.8218.824.0

-3.0

68.169.629.540.016.523.5-1.4

15.9

364.5

34. 6

35.4

294.5229.4207.022.35.3

59.861.226.035.215.120.1

-1.4

75.569.8

59.054.6

384.0

35.8

36.8

311.5

246.3221. 624.7

-3.1

68.270.129.840.317.123.2

-1.8

16.5

367.5

34.9

35.2

297. 4232.6209.722.95.4

59.461.226.135.115.619.5

-1.8

76.070.0

59.054.4

389.9

36.3

37.0

316.6

249.7224.725.0

-3.1

70.071.230.141.117.823.2-1.2

16.8

373. 1

35.4

35.4

302.3236.0212.723.25.5

60.862.026.335.716.419.3

-1.2

77.371.1

59.554.7

398.4

36.8

37.6

324.0

255.0229.425.6

-3.2

72.274.031. 143.018.724.3-1.8

17.0

381.4

35.9

36.0

309.5240.9217.123.85.7

62.964.727.237.517.120.4

-1.8

79.773.4

61.056.2

409.8

37.3

37.1

335.5

264.0235.228.8

-3.3

74.877.632.644.919.225.7

-2.8

17.0

392.9

36.4

35.5

321.0249. 5222.626.85.9

65.768.528.939.617.621.9

-2.8

82.276.0

63.058.3

1 Excludes gross product originating in the rest of the world.


Table 3.—Relation of Gross National Product, National Income,and Personal Income


Table 5.—Sources and Uses of Gross Saving


Gross national product- _

Less: Capital consumption allowances.

Equals : Net national product

Less: Indirect business tax and non-tax liability

Business transfer paymentsStatistical discrepancy

Plus: Subsidies less current surplus ofgovernment enterprises

Equals: National income

Less: Corporate profits and inventoryvaluation adjustment

Contributions for social insur-ance - --

Wage accruals less disburse-ments

Plus: Government transfer paymentsto persons

Interest paid by government(net) and by consumers

DividendsBusiness transfer payments

Equals: Personal income. _

1963

589.2

52.8

536.5

54.62.2-.7

.7

481.1

58.1

26.8

.0

33.0

17.515.82.2

464.8

1964

628.7

55.7

573.0

58.02.3-.5

1.2

514.4

64.5

27.8

.0

34.2

19.117.22.3

495.0

1965

676.3

58.7

617.5

62.02.3-.2

1.2

554.7

73.1

29.5

.0

36.8

20.618.92.3

530.7

1965

I II III IV

1966

I


657. 6

57.7

599.9

61.52.3

-3.1

1.4

540.6

71.7

28.9

.0

36.0

19.918.02.3

516.2

668.8

58.3

610.5

61.42.3

-1.4

1.3

549.5

72.0

29.2

• 0

35.1

20.418.62.3

524.7

681.5

59.1

622.4

62.02.31.4

1.2

557.9

73.5

29.6

.0

38.9

20.819.22.3

536.0

697.2

59.8

637.4

62.92.32.4

1.1

570.8

75.2

30.2

.0

37.3

21.119.92.3

546.0

713.9

60.7

653.2

62.52.31.8

1.1

587.7

78.1

36.6

.0

39.4

21.820.62.3

557.1

Table 4.—Government Receipts and Expenditures


Federal Government receipts. _ _ _ _ _ _

Personal tax and nontax receipts- _Corporate profits tax accrualsIndirect business tax and nontax

accrualsContributions for social insurance-

Federal Government expenditures. . _ _

Purchases of goods and services.. ._National defenseOther

Transfer payments. _ _To personsTo foreigners (net)

Grants-in-aid to State and localgovernments

Net interest paid

Subsidies less current surplus ofgovernment enterprises

Surplus or deficit (— ), national in-come and product accounts

State and local government receipts. __

Personal tax and nontax receipts _.C orporate profits tax accruals

Indirect business tax and nontaxaccruals _ __

Contributions for social insurance-

Federal grants-in-aid

State and local government expendi-tures _ _ _ _

Purchases of goods and servicesTransfer payments to persons

Net interest paidLess: Current surplus of govern-

men t enterprises

Surplus or deficit (— ), national in-come and product accounts

1963

114.3

51.524.5

15.323.0

114.0

64.450.813.6

29.227.02.2

9.1

7.8

3.6

.3

63.1

9.51.5

39.23.8

9.1

62.2

58.36.0

.8

2.8

.9

1964

114.5

48.626.0

16.123.7

118. 3

65.349.915.4

29.927.82.2

10.4

8.4

4.3

-3.8

68.6

10.61.6

41.94.1

10.4

67.2

63.16.5

•8

3.1

1.4

1965

124.1

53.928.3

16.725.2

123.3

66.649.916.7

32.129.92.2

11.4

8.8

4.5

.7

74.3

11.51.8

45.34.3

11.4

72.6

68.26.9

.7

3.3

1.7

1965

I II III IV

1966

I


123.7

53.527.7

17.724.7

120.1

64.948.816.1

31.229.22.0

10.8

8.6

4.6

3.6

71.8

11.21.8

43.84.2

10.8

70.8

66.46.8

.7

3.2

1.1

124.4

54.828.0

16.724.9

120.6

65.749.216.5

30.628.22.4

11.0

8.7

4.5

3.8

73,2

11.41.8

44.74.3

11.0

72.1

67.86.9

.7

3.2

1.1

122.7

53.228.3

16.125.2

125.6

66.549.816.7

34.132.02.1

11.7

8.8

4.5

-2.9

75.4

11.61.8

45.94.4

11.7

73.2

68. 96.9

.7

3.3

2.2

125.3

54.029.2

16.325.8

127.0

69.252.017.2

32.530.32.1

12.0

8.9

4.4

-1.8

76.7

11.71.9

46.64.4

12.0

74.1

69.87.0

.6

3.3

2.6

133.8

56.230.7

14.832.1

133.6

72.555.017.5

34.031.92.1

13.5

9.3

4.4

.2

79.8

12.12.0

47.74.5

13.5

76.3

71.57.5

.7

3.3

3.5

Gross private saving

Personal savingUndistributed corporate profitsCorporate inventory valuation ad-

justmentCorporate capital consumption al-

lowances -Noncorporate capital consumption

allowances"Wage accruals less disbursements... _

Government surplus, national incomeand product accounts

Federal _State and local

Gross investment

Gross private domestic investment ._Net foreign investment _ _ _

Statistical discrepancy

1963

89.5

20.416.8

-.4

32.0

20.8.0

1.2

.3

.9

90.0

86.93.2

-.7

1964

101.7

26.319.9

-.3

34.0

21.7.0

-2.4

-3.81.4

98.7

92.95.8

-.5

1965

107.7

24.925.6

-1.6

36.1

22.7.0

2.5

.71.7

109.9

105.74.3

-.2

1965

I II III IV

1966

I


105.3

23.325.7

-1.4

35.4

22.3.0

4.7

3.61.1

106.8

103.43.4

-3.1

104.4

22.425.5

-1.8

35.8

22.5.0

4.9

3.81.1

107.8

102.85.0

-1.4

110.0

26.825.3

-1.2

36.3

22.8.0

__ ri

-2.92.2

110.9

106.24.7

1.4

111.2

27.126.0

-1.8

36.8

23.1.0

.9

-1.82.6

114.5

110.34.1

2.4

110.0

24.427.7

-2.8

37.3

23.4.0

3.7

.23.5

115.4

111.73.7

1.8

Table 6.—National Income by Industry Division


1966

I

All industries, total

Agriculture, forestry, and fisheries133. 8 Mining and construction

Manufacturing56. 2 Nondurable goods30. 7 Durable goods

Transportation __ _14.8 Communication32. 1 Electric, gas, and sanitary services

Wholesale and retail trade133. 6 Finance, insurance, and real estate

Services72.5 Government and government enter-55. 0 prises. ...17. 5 Rest of the world

1963

481.1

18.630.1

143.857.786.119.99.8

10.273.353. 254.1

64.83.3

1964

514.4

17.632.4

154.761.992.821.010.610.878.157.058.0

70.04.1

1965

554.7

19.934.7

169.866.3

103.522.611.211.583.260.661.8

74.94.5

1965

I II III IV

1966

I


540.6

17.434.0

166.765.5

101.221.811.011.281.859.260.1

72.74.6

549.5

20.234.2

167.465.6

101. 822.511.011.682.660.361.1

73.74.8

557.9

20.634.7

170.266.2

104. 022.911.411.683. 660.862.4

75.04.5

570.8

21.235.9

174.968.1

106.823.111.511.785.061.963.5

78.14.0

587.7

21.636.3

183.770.5

113.123.511.711.987.262.664.8

80.04.4

31.92.1

13.5

9. 3Table 7.—Corporate Profits (Before Tax) and Inventory Valuation

Adjustment, by Broad Industry Groups


All industries, total

Financial institutionsMutualStock

Nonfinancial corporations.Manufacturing

Nondurable goodsDurable goods

Transportation, communication,and public utilities

All other industries

1963

58. 1

7.51 65.9

50.628.713.215.4

9.212.7

1964

64.5

8.01 76.3

56.532.114.917.2

10.014.3

1965

73.1

8.9

64.237.516.820.7

10.815.9

1965

I II III IV

1966

I


71. 7

8.3

63. 437.316.620.8

10.515.5

72.0

8.9

63.236.716.620.1

10.516.0

73.5

9.2

64.337.316.620.7

11.016.0

75.2

9.3

65.938.817.421.3

10.916.2

78.1

9.1

69.041.618.523.2

10.916.5



Capital Investment To Rise Throughout 1966

BUSINJESS expenditures for new plantand equipment are expected to risethroughout 1966 to a total of $60.8billion for the year, 17 percent above1965,1 according to the OBE-SECsurvey conducted in late April and May.In the first quarter of this year, actualexpenditures were at an annual rate of$58 billion, after seasonal adjustment,.5 percent above the fourth quarter of1965. A smaller rate of increase, about3 percent per quarter, is projected forthe remaining quarters of the year.

CHART 5

1 Investment programs for 1966 have beenrevised slightly upward since February

• Upward revision is attributable totransportation industries anddurable goods manufacturing

Percent Increase

10

I

30I

TOTALBUSINESS

TransportationExcl. Rail

Durable GoodsMfg.

NondurableGoods Mfg.

Railroad

PublicUtilities

Communications& Commercial

Mining


1965-6S Anticipated May 1966

1965-66 Anticipated Feb. 1966

1964-65 Actual

For both manufacturing and non-manufacturing companies, plant andequipment outlays in 1966 are nowprogramed 1 percent higher than thoseindicated in the survey made 3 monthsago. Most industry groups reducedtheir spending plans from the previoussiirvey, with the motor vehicle, textile,and mining companies reporting thelargest relative cutbacks. However,these reductions were more than offsetby the substantial upward revisions incapital budgets of transportation com-panies and producers of nonelectricalmachinery and nonautomotive trans-portation equipment. On an overallbasis, the upward revision in dollarterms was about equal to the rise incapital goods prices during the firstquarter.

Most of the upward revision in 1966capital investment programs is in thefirst half of the year. Actual outlaysin the first quarter and those antici-pated for the second were each about$% billion higher at annual rates thanplanned expenditures reported earlierthis year. Spending in the second halfis now scheduled $40T) million higherthan previously.

Factors affecting current investment

During the first quarter, the effectsof economic developments on invest-ment .were mixed. Several factors hada stimulating effect. The first quarterrise in GNP was the largest thus far inthe current expansion, and was accom-panied by large increases in businesssales and corporate profits—even higherthan business had expected earlier. Inmany industries, rates of capacity

* The reported figures for anticipations are adjusted forsystematic biases (footnote 2, table 6). Before adjustment,expenditures for 1966 were anticipated to be $59.2 billion forall industries, $26.8 billion for manufacturing, and $32.3billion for nonmanufacturing. The adjustments wereapplied separately to each major industry; their net effectwas to raise the manufacturing total about $200 million andthe nonmanufacturing $1.4 billion.

utilization rose over the quarter, and invirtually all cases were unusually high.At the end of March, for example, firmsholding over one-half of fixed assets inmanufacturing reported that their exist-ing capacity was inadequate for ex-pected operations over the next 12months. This was the highest propor-tion ever reported in this survey, whichwas initiated in December 1963.

On the other hand, some restrictivefactors were also at work. The supplyof materials and labor has becometighter. The rise in interest ratesmay have discouraged some investmentprograms. Many companies post-poned some of their plant and equip-ment projects as a result of the Presi-dent's appeal to restrain capital goodsdemand. In addition, around the timethe current reports were being filedthis spring, there was a reduction indemand for some consumer products,notably autos, but it is not clear towhat extent businessmen may haveconsidered this development in pre-paring the currently reported programs.

Quarterly movements

Capital outlays are expected torise $1.6 billion in the second quarterto an annual rate of $59.6 billion,after seasonal adjustment. Successiveincreases of about $2 billion are sched-uled for the remaining quarters, withspending in the fourth quarter expectedto reach an annual rate of $63.6 billion(table 1).

Manufacturers increased their ex-penditures in the first quarter to aseasonally adjusted annual rate of$25.6 billion, 6 percent over the fourthquarter rate. Present plans, for bothdurable and nondurable goods pro-ducers, point to a slower rate of in-crease as the year progresses. Onlynonelectrical machinery companies ex-pect the rate of rise in the second halfto be greater than in the first half.Both the auto and the nonferrousmetals industries have projected cut-backs in spending for capital goods inthe second half.

In nonmanufacturing, expendituresfor new plant and equipment alsorose substantially in the first quarter,reaching an annual rate of $32.4


June 1966 SURVEY OF CUREENT BUSINESS 9

Table 1.—Plant and Equipment Expenditures 1965 and Anticipated 1966

[Billions of dollars, seasonally adjusted at annual rates]

All industries

ManufacturingDurable goodsNondurable goods _ _ _ _.

Nonmanufacturing

I

49.00

20.7510.4010.40

28.25

19

II

50.35

21.5510.8010.70

28.80

65

III

52.75

23.0011.7511.25

29.75

IV

55 35

24.1512 4511.70

31 20

I

58.00

25.6013 1512 45

32 40

19

Hi

59 60

26.6013 5513. 05

33 00

66

IIIi

61 65

27. 5514 0033 50

34 15

IV i

63 55

28.1014 3013 75

35 50

1. Anticipated.

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

billion, after seasonal adjustment.Current plans call for a moderateincrease in the second quarter and anacceleration in the third and fourth;railroads and the commercial groupaccount for most of the expected ac-celeration in the second half of theyear. Although the quarterly patternsamong the various industry groups

CHART 6

Plant and Equipment Expenditures,Carryover, and Starts of Projects

Billion $

' ,'.DURABLE ;G0QD$.:W^

1 0 : • -Y;; '-::K-^. - ;

fEnW^

" ' * * ' ' " ' '''''* ' - "' ' ' " ' ' '

10PUBLIC UTILITIES::

! „" " " ','' ' > "'

•^'•'^/••''•v-''

4 1 2 3 4 1 2 3 4 1 2 3 4 11962 1963 1964 1965 1966

Note: Starts and expenditures are quarterly totals.All data unadjusted for seasonal variation.

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

Data: OBE-SEC66-6-6

are mixed, in most cases capital out-lays in the second half of 1966 areexpected to be a little higher thanduring the first half.

Manufacturers IncreasePrograms

Although investment by manufac-turers has been rising sharply and hasadded substantially to capacity, ad-ditions thus far in the current expansionhave not kept pace with rising demand.As noted above, an increasing numberof manufacturers considered their ca-pacity inadequate to meet outputrequirements over the next few quar-ters. Investment commitments havebeen undertaken on a very large scale,and the carryover of expenditures yetto be made on projects already startedwas at a record level at the end ofMarch. However, if some allowanceis made for seasonal movements, thesurvey data for the first quarterindicate only a further small rise incarryover and a decline in starts ofnew projects. These results may implythat manufacturers foresee some easingof capacity pressures from the additionsin current investment programs.

Manufacturers are planning to spend$27 billion on new plant and equipmentthis year, one-fifth more than in 1965.This rate of increase matches the 1964-65 advance. Under current plans, out-lays of durable goods producers arescheduled to reach $13.8 billion andthose of nondurable goods producers$13.2 billion. Both totals representincreases of one-fifth—about the samerates of rise as in 1965.

Under the stimulus of strong demandfor capital goods and defense products,

the nonelectrical machinery and non-automotive transportation equipmentindustries are scheduling the largestyear-to-year increases in investmentoutlays of any industry—one-third andtwo-thirds respectively. Current plansare upward revisions over plans reportedin February. In 1965, nonelectricalmachinery producers also increasedtheir expenditures for new plant andequipment by one-third; nonautomotivetransportation equipment producers byone-fifth. Electrical machinery pro-ducers plan outlays of about one-thirdmore in 1966 than in 1965. Thisprogram is little changed from plansof 3 months earlier and shows about thesame rise as in 1965.

Expenditures by the motor vehicleindustry for the year are scheduled at$2 billion, 3 percent more than in 1965;earlier plans called for a 7-percentincrease. In each of the 2 precedingyears, spending rose about one-third.Steel, nonferrous metals, and stone,clay, and glass producers also reducedtheir anticipated outlays for new plantand equipment from February plans.For each of these groups, the projected

Table 2.—Percent Change in Plant andEquipment Expenditures; 1964-66

All industries _ _ — - - _ _ .._

Manufacturing 1

Durable goodsPrimary metals.MachineryMotor vehicles and parts __Transportation equip-

ment, except motorvehicles

Stone, clay, and glass

Nondurable goodsFood and beverageTextilePaperChemical _ _Petroleum ___

Nonmanufacturing..

Mining

Railroad .

Transportation, other thanrail..

Public utilities

Communications

Commercial and other

Actual1964-65

15i7

20.8

2d.920. 032.6s

42f2

-9.214.'9

20.716. 529.820.031.713.7

11.8

9.3

.23.1

18.4

11.7

15.0

8.8

Actual, 1965 toanticipated1966 as re-ported in

February

15.9

19.1

18.49.8

67.47.1

45.711.3

19.918.537. 128.615.715.4

13.4

16.3

5.5

12.0

15.8

13.3

May

17.0

20.4

20.98.0

78.72.7

65.26.6

19.816.029.729.914.317.5

14.3

9.2

18.2

24.3

15.1

12.4

1. Includes industries not shown separately.Sources: U.S. Department of Commerce, Office of Busi-

ness Economics, and Securities and Exchange Commission.

217-518 O-66-2



1966 increase is smaller than the 1965advance.

Among nondurable goods industriesboth paper and textile companies areplanning substantial advances-—30 per-cent—in capital expenditures for 1966.Last year, textile companies also in-creased their capital spending 30 per-cent; paper companies increased theirs2 percent. Other nondurable goodsindustries are expanding their spendingmoderately—somewhat over the 20-percent average for the nondurablegoods group. For the nondurablegoods industries as a whole, 1966capital spending programs formulatedin May were about the same as 3months earlier. Petroleum, paper, andrubber companies raised their sights

somewhat while textile, chemical, andfood-beverage groups scaled theirsdown.

Investment carryover and starts

At the end of March, expendituresyet to be made by manufacturers oninvestment projects already startedtotaled $18.2 billion, up $1.3 billionfrom the end of December and $3.5billion from March 31, 1965. Carry-over has continued to increase relativeto prospective expenditures. At theend of the first quarter, backlogs ofuncompleted projects represented 85percent of the anticipated rate of ex-penditures for the remainder of thecalendar year, as compared with 82percent (of actual expenditures) in the

corresponding period of 1965 and 72percent in 1964.

The rise in carryover over the pastyear amounted to $2.3 billion for thedurable goods industries and $1.2 bil-lion for the nondurables. In bothgroups, backlogs of uncompleted proj-ects have continued to increase rela-tive to anticipated expenditures. Mostmanufacturing industries reported alarger amount of carryover at the endof March than a year ago, with thelargest advance in the iron and steel,nonelectrical machinery, and nonauto-motive transportation equipmentgroups.

Thus, the carryover of manufacturers'projects is obviously quite high atpresent and represents a strong under-

Table 3.—Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities 1


Manufacturing 2

Durable goods _ _ _Primary metals ,_Electrical machinery.Machinery except electricalTransportation equipmentStone, clay, and glass _ _

Nondurable goodsFood and beverage - - - -Textile _ _ - _ ..PaperChemical _ _Petroleum

Public utilities

1962

Dec.

7.21

3. 991.66.33.25.87.31

3.23.34.17.36

1.031.02

5.07

March

8 61

4.841.97.37.56

1.10.32

3.78.42.16.52

1.011.32

6.13

19

June

9 00

5.152.08

.36

.481.40.30

3.85.41.15.56

1.011.40

6.40

63

Sept.

9 18

5.252.27.33.40

1.37.32

3.94.36.14.61

1.111.41

5.58

Dec.

9.08

5.052.23

.32

.311.36

.29

4.03.41.20.59

1.031.50

5.46

March

10 38

5.612.30.33.53

1.48.33

4.78.42.26.61

1.261.90

6.62

19

June

11.26

5.952.56.37.48

1.63.38

5.31.40.28.78

1.392.10

6.53

64

Sept.

11 88

6.212.59.41.41

1.86.39

5.68.40.28.77

1.612.23

6.09

Dec.

12 63

6.622.74.41.43

2.02.40

6.01.54.29.77

1.592.43

5.65

March

14 73

7.983.05.51.85

2.31.52

6.75.60.37.88

1.742.62

7.64

19

June

15.99

8.893.34

.60

.772.85.53

7.10.63.46.96

1.862.72

7.67

65

Sept.

16.23

8.823.38.63.80

2.73.53

7.41.78.51.97

1.902.80

7.24

Dec.

16.90

9.253.52

.66

.782.91.50

7.66.79.54.99

1.892.90

8.03

1966

March

18.19

10.253.68

.891.312.88

.45

7.94.78.60

1.042.012.93

9.82

1. Carryover refers to expenditures yet to be incurred on plant and equipment projects already underway.2. Includes industries not shown separately.Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.

Table 4.—Starts of New Plant and Equipment Projects, Manufacturing and Public Utilities l


Manufacturing 2 _

Durable goodsPrimary metals _ _Electrical machinery _ _Machinery except electrical- _ _ _ _Transportation equipment __Stone, clay, and glass

Nondurable goodsFood and beverageT extilePaper _ _ChemicalPe t roleum

Public utilities

1963

17.56

8.912.22.68

1.312.09

.59

8.641.04.68.95

1.611.26

6.04

Annual

1964

22.17

10.992.68

.761.762.66.79

11.171.19.84

1.112.524 29

6.41

1965

26.73

14.033.381.102.553.44

.87

12.701.491.231.342.904.30

9.32

I

4.68

2.47.63.20.59.55.14

2.20.30.14.30.34.89

2.10

19

II

4.30

2.27.51.17.22.70.14

2.03.25.17.21.39.78

1.67

63

III

4.13

2.06.64.14.21.39.17

2.07.20.14.24.49.77

.78

IV

4.42

2.12.46.18.30.45.14

2.30.29.23.20.38.96

1.48

I

5.10

2.48.50.16.55.49.19

2.61.26.20.19.59

1.10

2.34

19

II

5.41

2.65.77.20.36.63.22

2.76.24.19.40.60

1 03

1.48

64

III

5.29

2 63.58.20.34.77.18

2.68.27.19.23.7297

1.27

IV

6.37

3.24.84.20.52.78.20

3.1342

.26

.29

.611 18

1.32

I

6.64

3.62.80.25.83.81.28

3.02.32.28.34.7198

3.30

19

II

6.73

3 68.89.29.43

1.21.21

3.06.35.32.34.76

1 03

1.75

35

III

5.96

2.84.70.24.58.56.20

3.13.47.31.31.67

1.05

1.44

IV

7.39

3.90.99.31.72.86.18

3.49.36.33.35.76

1.24

2.83

1966

I

6.89

3.87.76.46

1.14.59.14

3.02.30.33.35.73.97

3.38

1. Starts are estimated by adding changes in carryover to expenditures during the given period.2. Includes industries not shown separately.



June 1966 SURVEY OF CURRENT BUSINESS 11

pinning for current investment pro-grams. However, the figures, whichare not available on a seasonally ad-justed basis, suggest that the $1.3billion increase in carryover in theopening quarter of this year was mostlyseasonal in nature. The motor vehicle,stone, clay, and glass, and food-beverageindustries actually reduced their carry-over during the first quarter, while theincrease for petroleum was probablybelow seasonal expectations. Increasesin backlogs in the machinery and otherdurable goods industries more thanoffset these reductions.

Starts of new projects by manufac-turers during the first quarter of 1966totaled $6.9 billion—up $250 millionfrom the first quarter of 1965, but $500million below the fourth quarter of lastyear. This was the smallest year-to-year and first-to-fourth-quarter risesince the series was initiated in 1963.It probably represents a decline inseasonally adjusted starts from the veryhigh fourth quarter rate. The valueof new projects undertaken during thefirst 3 months of this year was smallerthan in the first and fourth quarters of1965 in all major durable goods indus-tries except electrical and nonelectricalmachinery, where commitments fornew projects were substantially in-creased. In nondurables, the compo-nent industries reported starts in thefirst quarter equal to, or lower than,those in the fourth quarter of 1965.

Manufacturers9 evaluation of capac-ity

The latest survey indicated risingpressures on capacity. Companiesholding 51 percent of total manufactur-ing fixed assets considered their facili-ties on March 31 to be inadequate forthe next 12 months. This ratio was 3percentage points above December 1965and 9 percentage points above a yearearlier.

The rise from a year earlier in theproportion of capacity considered inade-quate was widespread among manufac-turing industries. For the durablegoods group, the figure was 52 percent,as against 42 percent at the end ofMarch 1965 and 36 percent in March1964. Both primary metal producersand metal fabricating companies re-

ported much larger increases in theinadequate proportion in the yearended March 1966 than in the yearended March 1965. In the nondurablegoods group, all the component indus-tries reported a rise in the proportionof assets considered inadequate at theend of March, as compared with a yearearlier; the percentage for the groupas a whole rose from 43 to 49. How-ever, the increases were a little smallerthan those shown from March 1964 toMarch 1965.

The proportion of assets held byfirms reporting facilities in excess ofprospective needs dropped to a low of4 percent as of March 31, with declinesfrom a year earlier general among thevarious industries. An exception wasthe primary metals industry, whichshowed no change.

Producers accounting for 45 percentof fixed assets in manufacturing feltthat their facilities were about adequatefor current and prospective needs overthe next 12 months—as compared with52 percent as of March 1965 and 58percent as of March 1964.

Nonmanufacturing Programs

Transportation companies are plan-ning to spend $5}£ billion on new plantand equipment this year. For therailroads, the planned outlays are one-fifth larger than 1965 expenditures; forother transportation companies, theyare one-fourth larger. Increases ofthese proportions would be about thesame as those realized last year.

Railroads have revised their programsupward since the survey 3 months agoand are now projecting sizable increasesin spending in each quarter. The bulkof the rise over last year's total andthe strong upward trend during 1966occur primarily in spending for equip-ment. However, more than half of theupward revision since February inplanned 1966 outlays was for roadways.

The shortage of freight cars relativeto demand continues to persist. Atthe end of March, the number of freightcars owned by railroads was about thesame as at the end of 1964 and smallerthan in the 2 preceding years—althoughthe freight cars currently being installed

Table 5.—Manufacturers' Evaluation of Their Capacity

[Percent distribution of gross capital assets] *

More plant and equipment needed

All manufacturing 2 _

Durable goodsPrimary metals __Metal fabricators 3

Nondurable goods _ ._ _Food and beverageChemical. .Petroleum. __ _ _

About adequate

All manufacturing 2

Durable goodsPrimary metals ._Metal fabricators 3

Nondurable goodsFood and beverageChemicalPetroleum

Existing plant and equipment ex-ceeds needs *

All manufacturing 2

Durable goods _ _ _Primary metalsMetal fabricators 3

Nondurable goodsFood and beverageChemicalPetroleum

1963

Dec. 31

40

38483142396133

52

49315955523867

8

132110391

(*)

Mar. 31

36

36453135296923

58

53336362643077

6

11226371

(*)•

19

June 30

38

36453040327723

56

55396457582277

6

91663

101

(*)

64

Sept. 30

39

36433241347724

56

56426456562276

5

81543

101

(*)

Dec. 31

43

41444146397928

51

51425451502072

6

81453

111

(*)

Mar. 31

42

42483943377924

52

50385654542076

6

8145391

(*)

19

June 30

47

49535145408324

47

44324650501670

6

71535

1016

65

Sept. 30

49

53536146448024

45

40333750471971

6

71424915

Dec. 31

48

50535146468323

47

44334750441673

5

61424

1014

1966

Mar. 31

51

52615149478131

45

42254748461867

4

61423712

*Less than 0.5 percent.1. According to respondent companies' characterizations of their plant and equipment facilities, taking into account their

current and prospective sales for the next 12 months.2. Includes industries not shown separately. " • • .3. Includes machinery, transportation equipment, and fabricated metals industries.Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.


12 SURVEY OF CUKKENT BUSINESS June 1966

are larger and more efficient than thosebeing replaced.

New orders for freight cars placed bythe railroads during the first quarterwere at the highest levels in 10 yearsand totaled one-third more than in thecorresponding period of last year. Atthe end of April, backlogs were at thehighest point in 10 years, having risenby nearly one-third during the firstquarter.

In nonrail transportation, the airlinesaccount for most of the rise in invest-ment from 1965 to 1966; trucking firmsare planning to spend moderately morethis year. The airlines expect to spend

$1.8 billion—more than one and one-half times their 1965 outlays. Orderbacklogs for civilian aircraft are morethan two-fifths above those of a yearearlier.

Public utilities spent over $K billionmore (annual rates) on new plant andequipment in the first quarter thananticipated 3 months ago; both theelectric and gas portions of the industrycontributed to the upward revision.Electric utilities are projecting a risingrate of outlays throughout 1966, but gasutilities expect some tapering of pro-grams during the remainder of this year.

The carryover of uncompleted proj-

ects by utility companies rose sizablyin the first quarter of this year. Carry-over totaled a record $9.8 billion at theend of March, up $1.8 billion fromDecember 31, 1965, and $2.2 billionfrom a year earlier. Projects with atotal anticipated cost of $3.4 billionwere started during the first quarter ofthis year—up 2 percent from the corre-sponding period of 1965. The rise fromthe fourth quarter of last year to thefirst quarter was a little smaller than inthe corresponding periods of the 2previous years; this suggests that thisyear's, rise was probably seasonal innature.

Table 6.—Expenditures for New Plant and Equipment by U.S. Business,1 1964-66


All Industries

Manufacturingindustries

Durable goodsindustries

Primary ironand steel

Primary non-ferrous metaL . _

Electrical ma-chinery andequipment

Machinery, ex-cept electrical__ _

Motor vehiclesand parts

Transportationequipment, ex-cluding motorvehicles

Stone, clay, andglass

Other durablegoods3

Nondurable goodsindustries

Food and beverage.Textile _ _ . _ _PaperChemicalPetroleumRubberOther non-

durable goods 4 _

Mining _ _

Railroad

Transportation, otherthan rail

Public utilities

Communications

Commercial andother 5

Annual

1964

44.90

18.58

9.43

1.69

.48

.66

1.64

1.51

.48

.68

2.28

9.16

1. 06.76.94

1.973.36.27

.80

1.19

1.41

2.38

6.22

4.30

10.83

1965

51.96

22.45

11.40

1.93

168

.85

2.21

1. 98

.58

.78

2.41

11.05

1. 24.98

1.122.593.82.34

.96

1.30

1.73

2.81

6.94

4.94

11.79

1966 2

60.78

27.02

13.78

2.06

.75

1.13

2.99

2.03

.96

.83

3.04

13.24

1.441.271.462.964.49.43

1.19

1.42

2.05

3.49

7.99

Il8.80

Quarterly unadjusted

1964

I

9.40

3.79

1.93

.34

.09

.14

.33

.25

.11

.14

.51

1.87

. 24

.14

.18

.37

.70

.06

.18

.26

.32

.51

1.18

1'"I 2.37

II

11.11

4.53

2.30

.40

.11

.16

.40

.37

.12

.17

.58

2.23

. .27.18.22.47.84.06

.20

.29

.36

.63

1.58

1.10

2.61

III

11.54

4.67

2.37

.42

.13

.16

.40

.43

.11

.17

.56

2.30

272024508407

.19

.30

.37

.59

1.71

1.06

2.84

IV

12.84

5.59

2.83

.54

.15

.20

.51

.47

.14

.19

.62

2.76

.28

.25

.30

.63

.99

.08

.23

.33

.35

.64

1.76

1.17

3.01

1965

I

10.79

4.54

2.25

.36

.14

.15

.41

.43

.10

.16

.51

2.28

.25

.20

.22

.55

.79

.07

.19

.29

.39

.58

1.32

1.08

2.59

II

12.81

5.47

2.76

44

.15

.20

.51

.53

.13

.20

.60

2.70

.32

.22

.26

.64

.92

.09

.24

.33

.44

.77

1.71

1.24

2.85

III

13.41

5.73

2.91

.50

.16

.22

.55

.52

.16

.20

.60

2.82

.32

.26

.30

.63

.97

.09

.25

.32

.44

.72

1.88

1.22

3.10

IV

14.95

6.72

3.48

.62

.22

.29

.74

.50

.18

.21

.71

3.24

.34

.30

.33

.771.14.09

.28

.35

.46

.73

2.04

1.41

3.25

1966

I

12.77

5.61

2.87

.42

.18

.23

.61

.43

.18

.19

.62

2.74

.31

.27

.30

.61

.94

.08

.24

.33

.40

.75

1.60

1.26

2.83

112

15. 17

6.74

3.44

51

.19

.28

.71

.53

.23

.20

.78

3.30

.38

.30

.35

.771.09.10

.31

.36

.51

.97

1.97

I 4.62

III 2

15.66

6.84

3.46

.54

.18

.28

.74

.51

.2^

.20

.76

3.38

.37

.31

.37

.731.17.12

.31

.36

.54

.89

2.23

4.80

Quarterly, seasonally adjusted at annual rates

1964

I

42.55

17.40

8.85

1.60

.40

.70

1.45

1.25

.50

8.55

1.05.60.80

1.653.30

1.15

1.40

2.30

5.95

!4.05

10.25

II

43.50

17.80

9.00

1.60

.45

.65

1.55

1.35

.45

8.80

1.00.65.90

1.803.35

1.15

1.25

2.25

6.30

4.30

10.45

III

45. 65

18.85

9.60

1.65

.50

.65

1.75

1.65

.45

9.20

1.10.80.95

2.053.30

1.20

1.50

2.40

6.30

4.40

11.00

IV

47.75

20.15

10.15

1.90

.55

.70

1.80

1.80

.50

10.00

1.10.95

1.052.253.50

1.30

1.55

2.60

6.35

4.40

11.40

1965

I

49.00

20.75

10.40

1.70

.60

.70

1.80

2.10

.45

10.40

1.10.85

1.052.503.70

1.25

1.75

2.55

6.80

4.55

11.30

II

50.35

21.55

10.80

1.80

.60

.80

2.00

1.95

.55

10.70

1.20.85

1.052.503.75

1.30

1.55

2.70

6.85

4.80

11.60

III

52.75

23.00

11.75

1.95

.65

.90

2.35

2.00

.65

11.25

1.251.051.202.603.80

1.25

1.70

3.00

6.75

5.05

11.95

IV

55.35

24.15

12.45

2.20

.80

.95

2.60

1.90

.60

11.70

1.351.101.202.704.00

1.35

1.95

3.00

7.30

5.30

12.25

1966

I

58.00

25.60

13. 15

2.00

.80

1.10

2.70

2.10

.85

12.45

1.351.201.352.754.40

1.40

1.75

3.30

8.25

5.35

12.35

112

59.60

26.60

13.55

2.05

.80

1.15

2.80

2.00

.95

13.05

1.451.151.403.054.40

1.40

1.85

3.40

7.80

18. 5C

III 2

61.65

27.55

14.00

2.10

.70

1.15

3.15

1.95

1.00

13.50

1.451.251.453.004.60

1.40

2.10

3.65

8.10

18.85

1. Data exclude expenditures of agricultural business and outlays charged to current account.2. Estimates are based on anticipated capital expenditures reported by business in late April and May 1966. The estimates for the second and third quarters of 1966 have been adjusted

when necessary for systematic tendencies in anticipatory data. The adjustment for each industry and time period is based on the median ratio of actual to anticipated expenditures for the past5 years. However, no adjustment is made unless the anticipations have shown a bias in the same direction in at least 4 of the last 5 years and in at least two-thirds of all years since 1956.

3. Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneous industries.4. Includes apparel, tobacco, leather, and printing-publishing.5. Includes trade, service, finance, and construction.

NOTE.—Details may not ad<i to totals due to rounding. Data for earlier years were published in the June 1956,.March 1958,1960,1961,1962,1963,1964,1965, and 1966 issues of the SURVEYOF CURRENT BUSINESS.



June 1966

The communications and commercialsectors scaled down their 1966 capitalspending programs between the Feb-ruary and May surveys. Actual ex-penditures in the first quarter—at$17.7 billion—were $% billion less thananticipated earlier this year. Outlaysare expected to rise in the succeedingquarters of 1966 but at slightly lowerrates than previously scheduled.

SURVEY OF CURRENT BUSINESS

Both the communications and thecommercial groups are expecting ex-penditures to be about one-eighthhigher than in 1965. If realized, theseincreases would be about the same aslast year for communications but some-what larger for commercial companies.Within the commercial group, whole-sale and service firms anticipate thelargest year-to-year increases.

Manufacturers' Inventory and Sales Expectations-Second and Third Quarters 1966

CHART 7

Manufacturers Expect:• Sales gains at more moderate rates in second

and third quarters• Inventory accumulation to continue• Stock-sales ratios in September to be little

different from year earlier

IstQtr. 1961=100i/

180DURABLE GOODS MANUFACTURERS

80Ratio

I I I

Inventory-Sales Ratio

1 1 I 1 1 I I II

1961 62 63 64Seasonally Adjusted

• Expectations1. Trough for sales2. Sales, quarterly total; inventories, end of quarter

I). S. Department of Commerce, Office of Business Economics

66

66-6-7

MANUFACTURERS expect more moderatesales increases in the spring and summerquarters than they experienced in 1965and early 1966. They expect inventoryadditions to ease slightly in the secondquarter and then return to the highaccumulation rate that has prevailedsince mid-1965. These projections im-ply that stocks would be maintainedthrough September at 1.6 months ofsales, a ratio that has changed littlesince early 1965. Manufacturers' eval-uations of their inventory conditionhave also been stable from March 1965to March 1966. During this period,manufacturers holding approximatelyfour-fifths of producers' stocks con-sidered them "about right"; producersholding 15 to 16 percent of stocks con-sidered them "high"; and holders ofonly 3 to 4 percent of stocks consideredthem "low."

These findings are based on reportsfiled in May by manufacturers inOBE's quarterly expectations survey.

Modest sales gains projected

Durable goods producers expect salesto rise almost 1 percent from the first tothe second quarter and somewhat under2 percent from the second to the third,after seasonal adjustment. These in-creases follow sales gains of 4K percentin the first quarter of 1966 and 2 percentin the fourth quarter of 1965. Indus-tries that supply capital goods anddefense products expect continuingsubstantial increases in shipments, butthe motor vehicles industry anticipatessome easing from the high first quarterrate.

13

Sales gains projected by nondurablegoods producers about match those ofthe durable goods producers. A rise ofabout 1 percent is expected in the sec-ond quarter and a rise of slightly under1% percent in the third. These are nottoo different from the increases in thesecond half of last year but are muchsmaller than the 3% percent gainachieved in the first quarter of 1966.

Manufacturers' sales totaled $129.5billion in the first quarter and are ex-pected to reach $132.4 billion in thethird, with durable goods producersprojecting sales of $69.6 billion andnondurable goods producers projectingsales of $62.8 billion.

Inventory expansion continues

Durable goods producers plan to add$950 million to their stocks in the cur-rent quarter; this would match the in-ventory rise of the first quarter. Forthe third quarter, they are currentlyplanning additions of $1K billion—

CHART 8

Condition of Manufacturers' InventoriesPercent of inventories judged "high"declined for metal producers, butrose elsewhere

Percent of Inventories

30

1961 63 64

End of Quarter

merce. Office of Business Economics

65 66


14 SUEVEY OF CURRENT BUSINESS June 1966

equal to the peak accumulation rates ofthe current expansion. The machineryand aircraft industries expect sizableadditions to stocks in this period.

The book value of durable goodsproducers' stocks was $43.3 billion onMarch 31 and is expected to rise to$45K billion by September 30, after

seasonal adjustment. If these salesand inventory expectations eventuate,the stock-sales ratio, which was 1.94 inSeptember 1965 and 1.91 this March,will rise to about 1.95 in September.

Nondurable goods producers expectto add $300 million to their inventoriesin both the second and the third

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

\ [Billions of dollars]

Inventories, end of quarter

Unadjusted:

All manufacturingDurablesNondurables

Seasonally adjusted:

All manufacturingDurablesNondurables . _ _ _ _ _ • _ _

Sales, total for quarter

Unadjusted:

All manufacturingDurablesNondurables _

Seasonally adjusted:

All manufacturingDurables _ _ _ _Nondurables

I

60.736.424.3

60 336.124.2

108.056.351.7

109.157.152.1

i 19(

II

60.736.823.9

60 436.523.9

114.260.653.6

111.157.553.6

)4

III

60.736.923.8

61 037.024.0

109.655.454.3

112.458.354.1

IV

62.638.024.6

62 938.424.5

113.758.655.2

113.658.555.2

I

64.139.324.8

63 739.024.7

117.061.555.5

117.962.155.8

19

II

65.040.324.7

64 640.024.7

123. 365.457.9

119.862.157.7

35

III

65.941.124.8

66 341.325.0

118.560.258.3

122. 163.958.2

IV

67.641.825.8

68 042.325.7

124.665.159.4

124.665.159.5

I

70.043.626. 5

69.643.326.4

128.867.661.1

129.568.061.5

1966

II i

71.344.626.7

70 944.226.7

134. 372.162.2

130.468.462.0

III i

72.145.326.8

72.545.527.0

128.465.562.9

132.469.662.8

1. Anticipations reported by manufacturers in May 1966. Inventories have been corrected for systematic tendencies inanticipatory data.

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

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

[Percent distribution]

March 31, 1961-June 30, 1961September 30, 1961 _December 31, 1961

March 31, 1962 _ _ _June 30, 1962September 30, 1962. __ _ _ _December 31, 1962

March 31, 1963_June 30, 1963.. • _ _September 30, 1963___ _ _ _December 31, 1963

March 31, 1964June 30, 1964 .September 30, 1964 _December 31, 1964

March 31, 1965June 30, 1965. _September 30, 1965 _December 31, 1965

March 31, 1966 _

Total

High

18141010

14141514

15151713

16131413

16161615

15

Aboutright

81858888

84848384

82838185

82848284

81808182

81

Low

1122

2222

3222

2343

3433

4

Durables

High

20151110

19171817

17181914

17161515

20202219

18

Aboutright

79848788

80828182

81. 80

8084

8181.8182

77777678

79

Low

1122

1111

2212

2343

3323

3

Nondurables

High

161399

89

1111

12101410

149

119

91088

10

Aboutright

83858889

89898686

85888387

84888487

87858888

85

Low

1232

3233

3233

2354

4544

5

1. Condition of actual inventories relative to sales and unfilled orders position as viewed by reporting companies. Percentdistribution of inventory book values according to company's classification of inventory condition.

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

quarters. Their anticipated additionsare below actual additions in each ofthe two previous quarters, which wereat the very high rate of $700 million.However, the projected increases arenot much different from the averagequarterly accumulation rates of 1965.Chemicals and, to a lesser extent,rubber and textile companies accountfor most of the expected rise fromMarch to September.

Nondurable goods producers' stocksare anticipated at $27 billion in Septem-ber, as compared with $26,4 billion inMarch. These levels and the salesexpectations imply maintenance of thestock-sales ratio at 1.3 months of sales.

Inventory condition, end of March

Manufacturers7 evaluation of theirinventory condition relative to theirsales and unfilled orders showed onlyminor shifts from December 31, 1965,to March 31, 1966. For both dates,companies holding 15 percent of totalinventories judged their inventories as"high." This ratio has ranged from 13to 17 percent during the past 4 years.

Producers holding 18 percent ofdurable goods stocks considered theirinventories "high" on March 31—down1 percentage point from December 31,1965, and 2 points from a year earlier.The "about right" group held 79 per-cent of inventories on March 31, 1966,and the "low" group 3 percent.

The "high" proportion for primarymetals producers fell from 9 percent inDecember to 6 percent in March andwas close to the lowest point for thecurrent expansion period. Metal fab-ricators classifying stocks as "high"reported a ratio of 20 in March—up1 point from December, with motorvehicles and fabricated metals pro--ducers accounting for the rise.

The "high" ratio for nondurablegoods producers rose from 8 percent inDecember to 10 percent in March,with the rise widespread among theindustries. The "about right" cate-gory held 85 percent of soft goodsstocks, and the "low" category 5 per-cent.


by ETIENNE H. MILLER

Foreign Travel Payments Continue To Rise in 1965

LORE U.S. residents than ever be-fore traveled abroad last year, spendinga record $3.1 billion in foreign countriesand for transportation on foreign trans-ocean steamships and airlines (table 1).These combined expenditures were 10percent more than in 1964, a rate ofincrease slightly higher than the aver-age during the last 10 years.

About $1.1 billion of the total wasspent in the neighboring countries ofCanada and Mexico, about $1.3 billionin oversea areas, and $0.7 billion forfares on foreign carriers (table 2). Thetotal does not include the $0.6 billionpaid to U.S. airlines and steamship

CHART 9

Expenditures of U.S. Residentsfor Foreign Travel Reached $3.7 Billionin 1965

1.0

1953 55 57 59 61 63 65U.S. Department of Commerce, Office of Business Economics 66-6-9

companies for transocean transporta-tion.

Although the number of travelers tooversea areas rose 18 percent from 1964to 1965 (table 3), a decline in averageexpenditure per traveler (excludingtransocean fares) limited the increasein total expenditures overseas to 11percent. The decline in average ex-penditures was the result of a largeincrease in the number of trips to thenearby Caribbean area and a shorteningof the average trips to Europe and theMediterranean.

Receipts from foreign visitors to theUnited States, including fares paid toU.S. transocean carriers, were nearly$1.4 billion in 1965, 10.6 percent morethan in 1964 (table 7). Canadian ex-penditures in the United States reacheda new high of $490 million. Receiptsfrom Mexico were $265 million, a riseof $15 million from the year before.Oversea visitors spent about $460 mil-lion in the United States, 15 percentmore than last year, and paid $165million to U.S. sea and air carriers.

The balance on travel expenditureswas about $1,740 million in 1965, ascompared with $1,600 million in 1964.This balance measures the differencebetween U.S. travel expendituresabroad (including U.S. fare paymentsto foreign carriers) and U.S. receiptsfrom foreign visitors (including receiptsby U.S. carriers of fares paid by foreignvisitors). These figures do not takeinto consideration the expenditures ofU.S. carriers abroad or those of foreigncarriers in the United States (includingthe share of their purchases of airplanesthat may be attributed to the transpor-tation of U.S. travelers abroad).Neither does the balance take intoaccount the fact that these funds—aswell as any funds obtained from other

U.S. transactions—add to the abilityof foreign countries to finance theirexpenditures or other obligations in theUnited States. Canada, Mexico, andother nearby countries in particularspend a relatively large part of theirforeign exchange income in the UnitedStates.

U.S. travel spending by region

In Europe and the Mediterranean,average expenditures continued theirdownward trend in 1965, but once morethe increase in the number of travelerswas large enough to raise total spending.Average expenditures of U.S. travelersin the area were $611 last year, downfrom $637 in 1964 (table 4). Thenumber of Americans visiting the area

Table 1.—Expenditures for Foreign Travel,by U.S. Residents

[Millions of doUars]

1929 ... _ _

1937

1947

1955195619571958

1959196019611962

19631964___1965

Total

688

470

716

1,6121,8141, 9552,140

2,3802, 5972,6002,875

3,1953,3663,730

Payments to foreigncountries

Total

647

443

628

1,3541,5131,6331,780

1,9902,2372,2422,460

2,7052,8463,120

Ex-pendi-

tures inforeign,coun-tries

483

348

573

,153,275,372,460

,610,732,735

1,885

2,0902,2012,400

Faresto

foreigncarriers

164

95

55

201238261320

380*505507575

615645720

Farespaid to

U.S.carriers

41

27

88

258301322360

390*360358415

490520610

* Begins new series.

NOTE.—Excludes travel by military personnel and otherGovernment employees stationed abroad and by their de-pendents and U.S. citizens residing abroad; includes shoreexpenditures of cruise travelers; passenger fares exclude farespaid by emigrant aliens.

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

15


16 SURVEY OF CUEEENT BUSINESS June 1966

rose from 1,250,000 in 1964 to 1,400,000,a 12-percent increase. Thus, total U.S.travel expenditures in the area were$865 million, 8 percent more than the$800 million spent in 1964.

The number of visitors increased lastyear in all European and Mediterra-nean countries except Ireland. How-ever, half of these countries showed adecrease or no change in their receiptsfrom U.S. travelers (table 5). InFrance, Austria, and Switzerland, thenumber of visitors did not increaseenough to offset lower average outlays,and U.S. travel spending fell. Expend-itures were the same as in 1964 for

Table 2.—Expenditures for Foreign Travel,by U.S. Residents, 1961-65

[Millions of dollars]

Total

Transportation

Foreign-flag carriersU.S.-flag carriers. ___

Expenditures abroad.

CanadaMexico. _ - _ _

Persons visitingMexican borderonly _ - _ _ .

Oversea areas

Europe and Medi-terranean

United Kingdom....France-.-ItalySwitzerland

GermanyAustriaDenmarkSweden

NorwayNetherlandsBelgium-Luxem-

bourgSpain. _

Portugal _.Ireland.. ._IsraelGreece _

West Indies andCentral America

Bermuda.. _.BahamasJamaicaOther British West

Indies...-Netherlands West

Indies

South America

Other oversea areas

JapanHong Kong. _ _Australia-New

ZealandOther

1961

2,600

865

507358

1,735

425370

254

940

618

10510311046

62241913

1217

924

n.a.121916

160

314530

18

11

48

114

4624

1133

1962

2,875

990

575415

1,885

479395

280

1,011

652

11311311844

64211811

1117

928

n.a.152217

178

304838

18

10

55

126

5023

1241

1963

3,195

1, 105

615490

2,090

522448

322

1,120

755

11912413855

75242113

1321

938

n.a.162526

180

324840

19

10

56

129

5224

1340

1964'

3,366

1,165

645520

2,201

550480

340

1, 171

800

13012714856

79292314

1522

1147

n.a.202526

190

335545

20

12

57

124

5425

1431

1965

3,730

1,330

720610

2,400

600502

342

1,298

864

14212515253

79272314

1624

1351

17203131

220

356252

22

14

68

146

6028

1543

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

Economics.

Germany, Sweden, and Denmark,where reduced per capita spendingoffset the increase in visitors, and forIreland, where average spending rose.Israel, Greece, and Belgium-Luxem-bourg registered the largest gains, from18 to 24 percent in U.S. travel receipts.

Americans spent more money fortravel in Canada than in any othercountry last year. A 9-percent risebrought the total spent in that countryto $600 million. U.S. visitors to Mex-ico spent $500 million, about 5 percentover the 1964 figure of $480 million.

In the West Indies and Caribbeanregion, the number of U.S. travelersrose 27 percent to 890,000 last year.Together with cruise travelers (who arenot included in the total number ofvisitors), they spent a record $220million in the region. As in 1964, thechange in the number of travelers waslargest in Jamaica, where the increasewas considerably more than the areaaverage, and in the Bahamas. Dollarexpenditures, however, rose less sharply,with Jamaica and the Bahamas gaining16 percent and 13 percent respectively.

The rising trend of U.S. travel toother oversea areas reasserted itselflast year after leveling off in 1964.Dollar receipts from U.S. travelers wereup 18 percent to $145 million althoughaverage per capita spending was loweronce again. An increase of 23 per-cent brought the number of U.S. travel-ers to other oversea areas to 200,000.More than three-quarters of all travel-ers to the Pacific area visited Japan,and about half visited Hong Kong.Japan and Hong Kong earned $60 mil-lion and $18 million respectively fromU.S. travelers in 1965.

Average European trip costs reducedlast year

U.S. travelers spent an average of$1,120 for a trip to Europe last year,about $40 less per person than in 1964and a continuation of the downwardtrend evident since 1956. Transatlan-tic fares accounted for a slightly higherproportion of the total trip cost, 46percent, as compared with 45 percentin 1964. Fares averaged $510 per U.S.traveler, only 2 percent below the 1964

r™"-£—• HART 10

Average Expenditures of U.S. Travelersin the European and Mediterranean Area

Dollars

1,100

1,000

900

800

700

600

Sea Travel

=Air Travel

son (

1953 55 57 59 61 63 65

* New series

Note: Excludes transocean transportation

U.S. Department of Commerce, Office of Business Economics 66-6-10

average of $520. Air fares were downvery slightly from $490 to $488, butsea fares rose by $5 to $665.

The length of stay of the averageU.S. traveler was 39 days, 2 days lessthan in 1964 (table 6). One reason for

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

[Thousands of travelers]

Total

SeaAir

Europe and Mediterra-nean__ _ _ _. _

Sea .Air

West Indies and CentralAmerica

Sea..Air

South America. ..

Sea _Air

Other

Sea _ . - - -Air

1961

1,575

2681 307

826

206620

550

37513

83

1073

116

15101

1962

1, 767

2801 487

931

221710

609

33576

85

877

142

18124

1963

1,990

3181,672

1,102

254848

634

41590

97

592

160

18142

1964

2,220

2771 943

1,250

2231,027

701

35666

107

5102

162

14148

1965

2,620

2372 386

1,405

1841,221

890

37854

127

4123

200

12188

NOTE.—For coverage, see table 1; also excludes cruisetravelers, who numbered about 212,000 in 1961, 266,000 in1962, and 322,000 in 1963, 295,000 in 1964, and 300,000 in 1965.

Source: U.S. Department of Commerce, Office of BusinessEconomics, based on data of U.S. Department of Justice,Immigration and Naturalization Service.


June 1966 SURVEY OF CUKEENT BUSINESS 17

the shorter stay was the continuedavailability of lower transocean faresfor 14- to 21-day trips. The shorterlength of stay contributed to the con-tinuation of the decline in average out-

Table 4.—Numbers and Expenditures ofU.S. Residents Traveling in Europe andthe Mediterranean Area, Selected Coun-tries, 1964-65

Europe and Mediterranean :1965_1964r

Sea:1965IQQfr __

Air:19651964r

United Kingdom:1965 _ .1964 _ _ _ _ —

France:1965 _ _ _1964

Italy:19651964 _ _

Switzerland:1965 —1964

Germany:1965 _1964

Austria:19651964 -

Denmark:1965 __ _1964

Sweden:1965 „ _ _ _1964

Norway:19651964

Belgium-Luxembourg :19651964 ..

Netherlands:19651964

Spain:1965--1964

Portugal:19651964

Ireland:19651964.

Israel:19651964

Greece:19651964

Numberof travel-

ers(000)

1,4051,250

184223

1,2211,027

668620

671634

584548

426402

490473

262256

193189

109104

9788

204181

292275

242215

142n.a.

105114

10984

131109

Total ex-pendi-tures

(Milliondollars)

864800

166195

698605

142130

125127

152148

5356

7979

2729

2323

1414

1615

1311

2422

5147

17n.a.

2020

3125

3126

Averageexpendi-

tures(Dollars)

611637

875857

571589

213210

186200

257268

123139

162167

101116

118122

127125

160170

6261

8380

211219

122n.a.

185175

285286

235238

••—Revised.n.a.—Not available.

NOTE.—For coverage see table 1: includes expenditures butnot the number nor the average expenditures of cruise trav-elers.

A breakdown of the data in this table between U.S.-bornand foreign-born travelers is available upon request from theBalance of Payments Division.

Source: U.S. Department of Commerce, Office of BusinessEconpmics, based on data of U.S. Department of Justice,Immigration and Naturalization Service.

217-518 O-66-3

lays for travel within Europe and theMediterranean area. Lodging, food,transportation within Europe, personalpurchases, and other expenses cost theaverage U.S. traveler $611 during hisvisit in Europe last year, about 4 per-cent less than in 1964. Per capita dailyexpenditures were not significantly dif-ferent from the previous year's.

Average expenses of sea travelers toEurope, at $875, were 2 percent higherlast year, but those of air travelers, at$570, were 3 percent lower. Sea trav-elers tend to stay abroad for longerperiods and spend more per trip but lessper day than air travelers. Part of theexplanation for this phenomenon is thatmany of the sea travelers are foreign-born Americans who return to theirnative lands for extended periods; the

Table 5.—Percent Change in Total andAverage Expenditures of U.S. ResidentsTraveling in Europe and the Mediter-ranean Area, 1964-65

Europe and Mediterranean

Sea . .Air

United KingdomFranceItalySwitzerland . __ _

•GermanyAustriaDenmarkSweden

NorwayBelgium-LuxembourgNetherlands —Spain

Ireland _. . . ..-_ ..Israel _ . __ .Greece

Totalexpendi-

tures

8

—1515

9—2

3—5

o—7

00

71899

02419

Averageexpendi-

tures

—5

0—3

1—7-4

-12

—3-13-3

2

—624

-4

60


Table 6.—Average Length of Stay of U.S.Travelers in Europe and the Mediter-ranean Area, 1963-65

(Days)

All travelers, total

Sea _— _ _Air

U.S. -born travelers, total-

SeaAir

Foreign-born travelers, total

SeaAir

1963

45

6738

44

5536

55

8842

1964

41

6736

39

5935

49

8041

1965

39

7034

36

6332

49

8442

hospitality of their friends and relativesmay reduce their average daily outlays.

U.S. oversea travelers pass 2^/2 millionmark

The number of U.S. residents trav-eling overseas in 1965 increased 18 per-cent to 2,620,000, as compared with the1964 increase of about 12 percent. Arise of almost one-fourth in the numberof air travelers brought their total to

(Continued on page 43)

Table 7.—U.S. Receipts From Foreign Visi-tors for Travel in the United States andPayments to U.S. Transocean Carriers,1961-65


Total U.S. receipts from'foreign visitors

Fares to U.S. carriers1 ._.Spent by visitors in the

United States

CanadaMexico

Total overseacountries. -

Europe andMediterranean. _

United Kingdom..

West Indies,Central andSouth America

Other overseacountries. ._ ..

Japan

1961

995

110

885

449200

236

9330

90

5313

1962

991

113

878

392217

269

10537

110

5412

1963

1,052

118

934

372232

330

11340

147

7020

1964

1,245

150

1,095

448250

397

16055

157

8025

1965

1,377

165

1,212

490265

457

18462

184

8926

1. Includes fares paid as part of a visit to and from theUnited States only.

NOTE.—Includes expenditures of travelers for businessand pleasure, foreigners in transit through the United States,and students; excludes expenditures by foreign governmentpersonnel and foreign businessmen employed in the UnitedStates.


Table 8.—Foreign Visitors to the UnitedStates From Oversea Countries, 1964-65

[Thousands of travelers]

Oversea countries total:19651964

Europe and Mediter-ranean:

19651964

West Indies, Centraland South America:

19651964

Other oversea areas:19651964

To-tal

1,2041,098

584527

450414

170157

Busi-ness

176150

11293

2521

3936

Pleas-ure

864807

400376

375346

8985

Tran-sit

130110

6654

3735

2721

Stu-dent

3431

64

1312

1515

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


NOTE.—Excludes visitors from Canada and Mexico;excludes foreign government personnel and foreign busi-nessmen employed in the United States.

Source: U.S. Department of Justice, Immigration andNaturalization Service.


by WALTHER LEDERER, SAMUEL PIZER, and EVELYN M. PARRISH

The U.S. Balance of International Payments: First Quarter 1966

J.HE balance of the internationalpayments of the United States meas-ured on the liquidity basis—i.e., bychanges in U.S. official reserve assetsand in U.S. liabilities to all foreignresidents—was adverse by nearly $80million in the first quarter of 1966.Seasonal factors had a strong favorableinfluence on the balance, and adjust-ment for them raises the adversebalance by about $485 million.

The seasonally adjusted balance of$563 million was more adverse than thebalance of about $350 million duringthe fourth quarter of last year and theaverage quarterly balance of $340 mil-lion for 1965 as a whole. However, itwas more favorable than the adversebalance of nearly $700 million in thefirst quarter of last year.

The balance measured on the basisof official reserve transactions—con-sisting of changes in U.S. official reserveassets and in liquid and certain non-liquid liabilities to foreign central banksand other official organizations—wasadverse by about $245 million, afterseasonal adjustment. This was a verysubstantial improvement over the ad-verse balance of $1.2 billion in the lastquarter of 1965, and it also comparesfavorably with the average quarterlybalance of $325 million for 1965 as awhole.

The principal difference between thetwo balances in the first quarter ofthis year was that after seasonal ad-justment liquid liabilities to foreignprivate residents increased while thoseto foreign official organizations declined.In the preceding quarter, these liabil-ities shifted in opposite directions.

U.S. official reserves declined duringthe first quarter by $424 million, ascompared with $271 million in thepreceding quarter. Gold holdings fellby $68 million, convertible currencyholdings by $222 million, and the U.S.

18

gold tranche position in the Interna-tional Monetary Fund by $134 million.Net gold sales were less than in thepreceding quarter, but the decline innet sales was facilitated by a purchaseof $100 million from Canada.

Chart 11 shows the relationshipbetween the two measures of thebalance and the changes in reserveassets since 1960.

Summary of MajorDevelopments

The major developments thataffected the international transactionsof the United States in the secondhalf of last year seem to have con-tinued during the first quarter.

Effects of U.S. business activity

The rapid expansion in domesticbusiness activity and incomes con-tributed to the continuing sharp risein merchandise imports and certainservice expenditures. Merchandise im-ports reached a seasonally adjustedannual rate of $24 billion in the firstquarter as compared with $22.7 billionin the second half of 1965 and $21.5billion for 1965 as a whole. DuringMarch and April, they even exceededa $25 billion rate.

The domestic business expansionalso increased domestic capital require-ments relative to funds available forinvestments and thus contributed to afurther tightening of the domesticmoney and capital markets. Althoughthe effects of these developments onthe balance of payments cannot beseparated from those of the variousGovernment programs to restrain capi-tal outflows, it is reasonable to assumethat they-reinforced each other inachieving that result.

After taking account of $185 millionborrowed abroad by U.S. corporationsto finance their foreign investments,

The tabular presentation of theU.S. balance of payments hasbeen reorganized. In this work,the Office of Business Economicshas benefited from the advice ofthe Review Committee on Bal-ance of Payments Statistics, theSubcommittee on Economic Sta-tistics of the Joint EconomicCommittee of the Congress of theUnited States, the Executive Com-mittee of the Cabinet Committeeon Balance of Payments, and theTechnical Committee on Balanceof Payments Statistics chaired bythe U.S. Bureau of the Budget.Professor Peter Kenen of Colum-bia University served as consult-ant to the Technical Committee.

To provide comparable backdata for an extensive period,annual figures on the internationaltransactions of the United Statesare presented in the new formatback to 1946 in table 1. Thearea breakdown that used to bepart of this table is now shownseparately in table 8 for yearsbeginning with 1960.

As part of the regular June re-visions, seasonal adjustments ofthe quarterly data have been re-computed by extending through1965 the period on which theseadjustments are based. The re-vised seasonally adjusted data arepresented for the years 1960 to1965 in table 2. This table corre-sponds in format to table 1, whichcontains the data prior to seasonaladjustment. Other statistical re-visions of data presented in earlierissues of the SURVEY are, with afew exceptions, limited to 1965.



the net outflow of U.S. private capitalduring the first quarter was at anannual rate of $2.8 billion, about thesame as during the previous quarter,but about half of the average annualrate during 1964 or the first quarter of1965. The outflows in the last quarterof 1965 and the first quarter of thisyear were affected by the postponementfrom the former to the latter period ofnew issues of Canadian securities inU.S. markets. If the data on capitalflows are adjusted by shifting about$110 million—representing these post-poned transactions less offsetting re-purchases of Canadian securities by theCanadian Government-—back to thefourth quarter of last year, those forthe first quarter would indicate anannual rate of outflow of only $2.4billion. Thus, the decline in net capitaloutflows that took place during 1965would appear to have continued throughthe first 3 months of this year.

The low rate of outflows was duemainly to a decline from last year inforeign investments by U.S. corpora-tions and to continued liquidations offoreign assets reported by U.S. banks.

However, the favorable effects thatthe decline in capital outflows had onthe balance of payments were partlyoffset by a further increase in interest

U.S. Balance of International PaymentsBillion $

5 . \. .- • •• ' . ' ;

payments to foreigners resulting fromthe rise in domestic interest rates,particularly on money market assets.

The tight money market in the UnitedStates may also have affected the dis-tribution of liquid dollar liabilities onthe books of U.S. banks between thoseattributed to foreign official organiza-tions and those attributed to foreigncommercial banks and other foreignprivate accounts. Part of the increasein foreign private accounts may repre-sent dollar funds that otherwise wouldhave been sold to foreign official organi-zations. Another part may representan increase in dollar funds depositedby foreign official organizations inforeign commercial banks (including for-eign branches of U.S. banks), whichwould then become iJie holders of thesedeposits in U.S. bants. However, thereare also many other factors that affectthe distribution of foreign holdings ofliquid dollar assets, such as official inter-ventions in the forward exchange mar-kets, frequently involving very largeamounts, and changes in confidence inthe ability of foreign countries to main-tain the exchange value and the freeconvertibility of their currency. Ex-perience in recent periods has shownthat changes in liquid dollar holdingsby foreign commercial banks and other

private residents can vary sharply fromquarter to quarter.

The rise of interest rates in the UnitedStates was followed by a rise in discountrates by the central banks of several ofthe major foreign countries during thesecond quarter. This would tend, toreverse the direction of the first quarterchanges in the distribution of foreignliquid dollar assets between official andprivate accounts,

Effects of foreign business develop-ments

Changes in foreign business activityaffect primarily U.S. merchandise ex-ports and income from direct invest-ments abroad; they probably affect U.S.imports and capital outflows also, butto a lesser extent.

As compared with the earlier yearsof the 1960's, the rise in businessactivity during most of 1965 in theindustrially advanced foreign countriesother than Canada was relatively slow,but it accelerated in some of thesecountries in the latter part of the yearand in the first quarter of this year.

Merchandise exports generally re-flected these changes. During the firstquarter, they were at a seasonallyadjusted annual rate of $28.5 billion,more than $2 billion above the annual

1 CHART 11

Billion $

5

Balance on dfficiai reserve,' transactions basis , \ J

-5

Change in U,S, official;•' 'reserve,;assets'--,:'

-5

-10I960

i .1961


' I ' " • ' . * ' . i , V •"•'.'}:. i . : I ' , ' •". ' : , i : ' / ' 'h'' " i ' ..V". i .':"T;' 'f' i A- .;.V1962 1963 1964 1965

Quarterly, Seasonally Adjusted at Annual Rates

1966

i-10

Source: Tables66-6-11


20 SURVEY OF CUEEENT BUSINESS June 1966

total of $26.3 billion in 1965. Thiswas a considerable acceleration overthe $1 billion rise from 1964 to 1965.First quarter exports were approxi-mately at the rate that could be ex-pected on the basis of the relationshipsbetween exports and foreign businessactivity in prior years. Through thatperiod, at least, neither limitations ofproductive capacity nor rising pricesin the United States apparently had ameasurable adverse effect on exports.

Investment income rose relativelyslowly last year, particularly in view ofthe increase in the size of foreign in-vestments and if allowance is made forspecial dividend distributions duringthe first half of the year. Incomesfrom investments by the petroleumindustry were adversely affected bylower petroleum prices and highertaxes in the oil-producing countries.During the first quarter, however, theupward movement in investment in-comes seems to have been resumed.

Effect of rise in military expenditures

The $66 million rise in militaryexpenditures was another major factorinfluencing the balance of payments.The total during the first quarter,according to reports that are stillpreliminary, was about $835 million,or $3.35 billion at an annual rate.This was about $0.5 billion higher thanthe average rate in 1964, before therecent rise began.

The increase in total expendituressince 1964 was slightly less than the$0.6 billion rise in expenditures in thearea comprising all of Asia and Africa(shown in table 8) as well as in Japan,and may be attributed to the hostilitiesin Vietnam. The figure above coversonly direct expenditures by the militaryorganizations and their personnel. Itdoes not cover the indirect effects on theforeign transactions of the UnitedStates, particularly imports that areattributable to the increase in domesticdemand associated with the increase inmilitary orders and expenditures. Itmay be noted, however, that the with-drawal of strategic materials from theU.S. stockpile helped to dampen therise in imports, through its effect not

only on the volume of imports but alsoon their prices.

Major erratic changes

The first quarter balance was alsoinfluenced by changes in certain typesof transactions that are either tempo-rary, self-reversing, or subject to major

CHART 12

Net Capital Outflow for U.S. DirectForeign Investments

1964 1965 1966

-.2

2 &li ^

1964 1965 1966

Areas Not Seasonally Adjusted

U.S. Department of Commerce. Office of Business Economics 66-6-12

erratic changes. The postponement of$150 million of new issues of Canadiansecurities from the fourth quarter of1965 to the first quarter of this yearwas mentioned earlier. In part, theoutflow of funds resulting from thepurchases of these securities was re-duced through repurchases by theCanadian Government of $40 millionof its own obligations that had beensold to U.S. insurance companies in1962 at the time of the Canadianexchange difficulties. These securitiestransactions increased U.S. net pay-ments in the first quarter by $110million. Net payments were alsoraised by the liquidations by foreignofficial organizations of $53 million ofnonconvertible, nonmarketable, me-dium-term Government securities.

On the positive side of the ledgerwere net receipts of about $100 millionfrom long-term investments by foreignofficial and international agencies. Ad-vance receipts on military contracts,including those from purchases by aforeign central bank of special U.S.Treasury bonds that will be paid offthrough the transfer of funds to themanufacturers of the military equip-ment, are estimated to have been$70 million, but this was about $80million less than in the fourth quarterof last year.

The total of such transactions—ini-tiated largely by the U.S. Governmentor by foreign official agencies—wasless favorable to the U.S. balance ofpayments than were similar transac-tions in the preceding quarter, and it isthis difference that accounts to a largeextent for the deterioration of the(liquidity) balance in the first quarter.The balance on transactions (particu-larly in goods and services and capitalflows) that are affected mainly by do-mestic and foreign business activity,by the various programs to improve thebalance of payments, and by the or-dinary operations under the foreign aidprograms had improved sufficiently tooffset the rise in military expendituresabroad. However, this was accom-plished by a continued decline in netcapital outflows to a rate that may notbe maintained, much less reducedsignificantly.



Merchandise TradeIn the first quarter of 1966, U.S.

exports and imports, adjusted to abalance of payments basis, were atrecord levels. Imports, however, ad-vanced more strongly than exports andthe export surplus dropped to a season-ally adjusted annual rate of $4.5 billion.This was below the export balances of$4.8 billion in 1965 and $6.7 billion in1964.

Exports

Exports rose by about 1 percent fromthe fourth quarter of 1965 to a season-ally adjusted annual rate of $28.5 billionin the first quarter. The first quarterrate was about 8 percent above the 1965total. This gain was well above the 4percent rise from 1964 to 1965 and ex-ceeded the . 7 percent annual averagegrowth rate of the preceding 10 years.

The increase from the fourth quarterwas concentrated in exports of nonagri-cultural goods to areas other thanCanada. Shipments to Canada, whichhad comprised a large part of the gainin exports in 1965, leveled off in thefirst quarter. Agricultural exports,which had risen in the second half oflast year, remained unchanged; thoseunder aid programs increased somewhatwhile commercial exports fell off.

Agricultural exports in the firstquarter, after adjustment for seasonalvariations, were at an annual rate of$6.7 billion, about the same amount asin the two preceding quarters. Duringthe remainder of this year, exports ofwheat, other grains, and soybeans areexpected to continue to expand. Ex-ports of cotton, which declined in thefirst quarter, should recover after thestart of the new marketing year onAugust 1, when the export price of U.S.cotton will be free to adjust to the worldmarket prices, thus making U.S. cottonmore competitive in international trade.

Exports of most major nonagricul-tural commodities in the first quarter of1966 were considerably above the 1965quarterly average. Increases in ma-chinery exports, after seasonal allow-ance, probably accounted for a largepart of the nonagricultural export risefrom the fourth quarter. New exportorders for machinery rose substantiallyduring 1965 and have remained at the

high fourth quarter level during thefirst 4 months of 1966. Since exportsgenerally lag about 6 months behind thereceipt of orders, a further expansion ofmachinery exports above the firstquarter rate may be» expected.

The first quarter rise in total exportswas held down by the failure offseason-ally adjusted) shipments of automobilesand parts to increase. These had risensharply in the last quarter of 1965,reflecting the implementation of theU.S.-Canadian trads agreement for theautomotive industry. Although virtu-ally unchanged in the first quarter ofthis year, automotive exports remainedwell above the 1965 quarterly average.

Agricultural exports are expected toincrease during the year, and thereshould be an early resumption in theupward trend in shipments to Canada,in view of the continued expansion ofthe Canadian economy. Improve-ments in industrial production in Japanshould also help to stimulate foreigndemand for U.S. goods. Business con-ditions in Western Europe, however,remain mixed, and thus may not makea major contribution to an expansionof U.S. exports in the near future.

Imports

With domestic business activity ex-panding rapidly and capacity utiliza-tion pressing against optimum operatingrates, U.S. imports continued to growrapidly in the early months of this year.Last year, imports rose by 15 percent,as compared with an average rise ofabout 6 percent in the preceding 10years. It is true that 1965 imports

were increased by an extraordinary risein the demand for steel in anticipationof a strike in the U.S. steel industry,but this addition was partly offsetby exceptionally low imports of food-stuffs.

From 1964 to 1965, imports otherthan foodstuffs increased about 18percent, as compared with a rise inGNP of 7.6 percent. The ratio ofthese two percentage figures—whichapproximately measures the incomeelasticity of nonfood imports for thatperiod—was 2.3, or more than doublethe 1.1 ratio for the 1960 to 1964period (table A). (The omission ofthe extraordinary imports of steel andof automobile imports from Canada,which increased sharply because of theU.S.-Canadian automotive trade agree-ment, would lower the 1964-65 ratioonly slightly.) The ratio based onchanges from the average of 1965 tothe first quarter of 1966 was 2.2.The slight drop from the ratio for the1964-65 period seems to have been duemainly to a slower rise in imports ofindustrial materials relative to GNP—-even after adjustment for last year'sextraordinary steel imports.

First quarter imports of industrialsupplies were affected by larger draw-ings on the Government stockpile anda steep rise in foreign relative todomestic prices for copper. The declinein imports of primary copper was partlyoffset by an increase in imports offabricated copper products. In viewof limited domestic supplies, a furtherexpansion in the domestic demand for

Table A.—Percentage Change in U.S. Imports and in Gross National Product

Gross national product. __ _ _ _ _

Imports:

Total i.

Foodstuffs and beverages - - _Other imports. _

Industrial supplies and materialsExcluding extraordinary steel imports. _

Conpnnier goodsExcluding automotive products from

Canada _ _Capital equipment

Percentage change from

1960 to 1964(annual

rate)

5.7

6.0

4.26.04.84.88.3

7.716.0

1964 to 1965

7.6

15.4

1.217.715.312.721.3

18.440.1

1965 quar-terly aver-age to 1stquarter

1966

5.6

11.8

11.012.64.06.5

30.5

19.228.5

Batio of percentage change in im-ports to percentage change in GNP

1960 to 1964

1.1

0,71.10.80.81.5

1.42.8

1964 to 1965

2.0

0.22.32.01.72.8

2.45.3

1965 quar-terly aver-age to 1stquarter

1966

2.1

2.02.20.71.25.4

3.45.1

Total on balance of payments basis; commodity detail on Census basis.



industrial materials could again accel-erate the rise in these imports relativeto the rise in GNP.

In contrast to imports of industrialsupplies and materials, the rate ofexpansion in imports of consumer goodsrose relative to the rate of expansionin GNP in the first quarter. If thesudden rise of imports of automobilesfrom Canada is omitted, the expansionfrom 1965 to the first quarter of 1966was over 19 percent, or nearly 3% timesthe rise in GNP. This represents aconsiderable acceleration in imports ofconsumer goods relative to GNP ascompared with the 1964-65 period,when imports grew nearly 2% times asfast as GNP, and is far in excess of theratio over the 1960-64 period, whenimports rose only \% times as fast asGNP.

The recent relative rise in consumergoods imports was not limited to anarrow range of commodities but wasrather widespread. Among the importsthat had the largest rates of growthwere such diverse commodities as motor-cycles, diamonds, watches, and tele-vision equipment. Automobile imports(other than those from Canada) alsoincreased sharply, even more thandomestic sales in 1965 and the firstquarter of 1966, but some slowdownoccurred in April.

The relatively large rise in demand forimports applied also to capital equip-ment. In the 1960 to 1964 period,the percentage increase in these im-ports was 2.8 times as large as thepercentage rise in GNP. From 1964 to1965, the ratio nearly doubled, butfrom the average of 1965 to the firstquarter of 1966, it fell slightly.

The expansion in imports of food-stuffs from 1965 to the first quarterof 1966 was twice as large as the risein GNP, and a ratio of this size is notlikely to continue. On the other hand,the relative rise in imports of industrialmaterials may have been temporarilyreduced in the first quarter. All told,it appears that the rise in total importsearly this year was about consistentwith the change in domestic businessactivity.

Private Capital Movements andIncome on Investments

Direct investments

Capital outflows for direct invest-ment abroad in the first quarter of thisyear are now estimated at about $570million or a seasonally adjusted annualrate of $2.5 billion. This was signifi-cantly below the extremely high out-flows—$3.8 billion at an annual rate—for the period from September 1964through mid-1965. The peak ratesof that period reflected in part abunching of several very large transac-tions affecting Canada, WesternEurope, and the Middle East oil-producing countries (chart 12). Inaddition, some funds were probablymoved abroad in anticipation of changesin Government programs to restraincapital outflows.

Since the middle of 1965, the outflowhas held fairly steady though therate of investment exceeded that ofany year prior to 1965. In the firstquarter of this year, the outflow wasnot significantly affected by large singletransactions, but some transactions ofthis type are expected later this year.

The capital outflow for directinvestment since mid-1965 was alsomoderated by adherence to the Presi-dent's program to improve the balanceof payments. While capital outlaysabroad are scheduled to rise sharplythis year,1 many firms are arranging tofinance these expenditures by borrowingabroad. A recapitulation of announcedlong-term borrowing abroad shows thefollowing totals (in millions of dollars):

Period

1965:2d quarter3d quarter4th quarter

Total

1966:1st quarter - _2d quarter (to June

15) _ _ _

ThroughU.S.-in-

corporatedaffiliates

20192212

185

113

Throughforeign-in-corporatedaffiliates

631488

165

30

20

Total

6334

280377

215

138

The total of over $700 millionincludes some long-term loans arrangedwith foreign banks, as well as publicly

i SURVEY OF CURRENT BUSINESS, March 1966, p. 7.

offered debt instruments of variouskinds. Also, it is somewhat largerthan the amounts actually received bythe borrowers since discounts andcommissions have not been deducted.Out of the $397 million borrowedthrough U.S.-incorporated affiliates upto the end of March, it is believedthat approximately $100 million hadbeen transferred to foreign subsidiariesby that date. This includes somewhatless than $40 million transferred duringthe first quarter. The difference be-tween the amounts realized from bor-rowing and the amounts transferredwas retained by the U.S. corporationsin liquid assets abroad and is recordedas a short-term capital outflow (table 1,line 40). The disposition of the fundsborrowed through foreign-incorporatedaffiliates is not currently known.

The net result of foreign borrowinghas been to reduce the need for U.S.funds considerably. In the remainderof the year, as the accumulated liquidforeign assets of the U.S.-incorporatedaffiliates are transferred to foreignaffiliates to finance their investments,the capital outflow for direct invest-ment will be increased, but this will beoffset by a corresponding reduction inshort-term investments, so that therewill be no net effect on the balance.

Notable features of first quarterdirect investments were the relativelylow figure for Western Europe, $230million, and the sustained large outflowto Canada, $210 million. The annualflow to Europe in 1964 and 1965 was$1.4 billion, and in view of the enlargedinvestments projected for that areaby major firms in 1966, a somewhathigher pace of outflows may be ex-pected for the rest of the year. In thecase of Canada, a considerable numberof major projects that will probablykeep the outflow relatively high are inprogress. However, the outflow of$0.9 billion to Canada in 1965 includedabout $0.2 billion to refinance out-standing debt of foreign enterprises tothe United States; such transactionsare unlikely to recur in 1966. Asizable part of the financing of Cana-dian affiliates is obtained by sales oftheir bonds in U.S. capital markets.


June 1966 SURVEY OF CUB RENT BUSINESS 23

In 1965, such sales amounted to $219million; they totaled about $70 millionin the first quarter of 1966, and a similaramount may be sold in the secondquarter.

In contrast to the large capitaloutflow to Middle East oil-producingcountries in early 1965, the flow in thefirst quarter of 1966 was relativelysmall. These capital movements arequite irregular, and heavy tax or otherpayments may result in larger outflowslater in the year.

Other private investments

Purchases of new foreign securitiesoffered in the United States were un-usually high—$460 million—in the firstquarter of 1966. Even if $150 millionof delayed Canadian issues is deducted,the annual rate of outflow would be$1.2 billion. This is as high as theaverage of the 1963-65 period. Cana-dian issues accounted for $413 millionof the first quarter total, and largeamounts of Canadian issues have al-ready been sold or are scheduled forsale in the second quarter. It appearsthat Canadian issues in the U.S. marketin 1966 will considerably exceed the$700 million annual average of 1963-65.In contrast, sales by other countrieswill be well under their 1963-65 averageof $470 million. This decline reflectsthe application of the Interest Equaliza-tion Tax, from which Canadian issuesare exempt, to new issues of otherdeveloped countries.

Redemptions of outstanding issuesby foreigners were unusually large inthe first quarter because of the advancerepurchase by the Canadian Govern-ment of $40 million of its bonds heldin the United States. This offset partof the heavy new flow of funds toCanada. Americans continued to re-duce their holdings of foreign equitysecurities.

Other private capital transactionsincluded a net accumulation of $160million of short-term assets in Europeby nonbanking concerns. This repre-sents largely the proceeds of $185million borrowed abroad by U.S.-in-corporated firms, less the use of fundsborrowed in the same period or in1965. Apparently there was very little

further repatriation of outstandingshort-term funds held abroad, in con-trast to the net recorded inflow ofnearly $250 million in the first quarterof 1965.

U.S. banks further reduced both theirlong- and their short-term assets in thefirst quarter. The reduction in short-term assets by $137 million, afterseasonal adjustment, largely reflectedrepayments by Colombia and Vene-zuela. Reductions in longer term loansresulted primarily from repayments byEuropean countries, especially Italy,and by Brazil and Venezuela. Theonly sizable outflow of longer termbanking funds was to' Australia. Atthe end of March, the banks' foreignassets were about $700 million belowthe limit suggested under guidelinesestablished by the Federal ReserveSystem.

Foreign investments in theUnited States

Foreign transactions in U.S. securi-ties in the first quarter of 1966 weremarked by a continuing net liquidationof U.S equity securities, amounting to$50 million for the quarter, offset bypurchases of U.S. bonds (other thanbonds of the U.S. Government) of $191million. The foreign purchases of U.S.bonds include nearly $185 million ofthe issues of companies especially or-ganized to finance direct foreign invest-ments. In addition, $73 million werepurchased by international organiza-tions. Other trading in U.S. bondsresulted in a net liquidation of about$65 million. This liquidation and asimilar but smaller net liquidation inthe fourth quarterof 1965 contrast witha small net purchase balance (asidefrom transactions related to the liqui-dation of British Government holdingsof U.S. securities) registered during1964 and the first three quarters of1965. Such a shift could be relatedto market conditions abroad, whereyields were driven up by intense de-mands for funds. One important ele-ment in the market was the sale toforeigners of the bonds of the newlyorganized affiliates of U.S. companies;to the extent the purchase of thesebonds was financed by the liquidation

of other U.S. securities, the gain tothe U.S. balance of payments wasdiminished.

Other foreign investments in theUnited States were relatively minor inthe first quarter. Long-term depositswith U.S. banks were raised by $50million and foreigners increased theirshort-term claims on U.S. commercialconcerns by about the same amount.There were inflows on a similar scale inboth of these types of assets during 1965but the timing was highly irregular.

Income on investments

Income received from direct foreigninvestments was at an annual rate ofabout $4.0 billion in the first quarter,about the same as the total for 1965.Dividend distributions, however, wereunusually large in the early part of 1965because of changes in taxation and otherspecial reasons. These special distribu-tions amounted to about $125 million.There were no such unusual distribu-tions this year. Without these specialdistributions, income received in 1965would have been about $3.8 billion, andthe first quarter 1966 rate would indi-cate a continued rise.

Data by industry are not yet avail-able, but in 1965 some weakening inpetroleum income appeared offset byhigher income from other industries.In the first quarter of 1966, incomecontinued to be relatively low in theareas where petroleum production isimportant and to rise gradually in otherareas. Income could ordinarily beexpected to rise as the investment basegrows, unless much larger amounts areretained abroad for reinvestment. How-ever, the petroleum industry is beingadversely affected by higher taxes andintensified competition, and manufac-turing and other enterprises may alsobe experiencing reduced profit rates.

Income on private investments otherthan direct made further gains in thefirst quarter. This reflected partly thegrowing holdings of foreign bonds, butto an even greater extent, it reflectedrising interest rates. Income paymentsby the United States are also rising,primarily because of the higher interestrates on time deposits and U.S. Govern-ment obligations.


24 SURVEY OF CUREENT BUSINESS June 1966

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

Line

12

3456

7g9

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60

(Credits +; debits -)

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

Merchandise adjusted excluding military *Transfers under military sales contractsTransfers under military grants netTransportation - '•

Travel - : -Fees and royalties from direct investmentsOther private services -- -- -- - -- -- -- -- -Other U S Government services - -

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

Other private assetsU S Government assets --

Imports of goods and services -

Merchandise adjusted excluding military *Military expenditures -Transportation - -

Travel --Private payments for other services -U S Government payments for other services - -

Income on foreign investments in the United StatesPrivate payments 2 -U S Government payments

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

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

Private remittances _ _ _ _ _ _Military grants of goods and services -_Other U.S. Government grants 1

U S Government pensions and other transfers

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

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

Direct investments 2

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

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

Claims reported by U.S. residents other than banks:1Long-termShort-term - - -

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

Loans and other long- term assets *Foreign currencies and other short-term assets * _ _ _

Eepay ments on credits :ScheduledNonscheduled

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

Gold 4 -Convertible currenciesGold tranche position in IMF 4 . __ _ _

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


U.S. corporate securities _ _ _ . _ __Long-term liabilities reported by U.S. banks

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

Liabilities of U.S. Government, excluding marketable or convertible se-curities:1Associated with specific transactions _^__ . _ _ . _ _ _Other nonmarketable, nonconvertible, medium-term securities

U.S. Government marketable or convertible bonds and notes *Deposits and money market paper held in the United States 1

Errors and omissions, net _ _ _.

1946

14,80414,735

11,707n.s.s.

691, 383

27164

407131

58916221

-6,991

-5,073-493-459

-462-190-102

-197-15

7,8137,744

-2,991-2,922

-673-69

-2, 27425

4,822

—413

-230—85308

-131

35-314

N.A.4

-3,019

—3. 343238

1 Q«| 86

-623

-623

-985

—4—338

(*)

-51

-269

n.a.—370

218

1947

19,83419 737

16 015n.s.s.

971,738

36477

37170

86916766

-8,208

-5,979-455-583

-573--195-178

-229-16

11,62611,529

-2,722-2,625

-682-97

-1,897-46

8,904

-987

-749-396

295137

—87—124

2-65

-4,224

-4, 405—113

294

-3,315

—2, 162

-1J53

-1,327

10-100

4

-126

-340

n.a.—895

949

1948

17,23716, 789

13, 193n.s.s.

4481,317

33483

422100

1,064174102

-10,349

-7,563-799-646

-631-219-211

-263-17

6,8886,440

-4,973-4,525

-697-448

-3,89466

1,915

—906

-721—150

62—7

39—135

-1319

-1,024

-1, 55588

443

—1,736

-1, 530

-206

558

34-192

—4

-10-24

—165

n.a.919

1, 193

1949

15, 98115, 770

12, 149n.s.s.

2111, 238

392100364132

1,11218598

-9,«21

-6,879—621-700

-700— 153—235

-308—25

6,3606,149

-5,849-5,638

—532-211

—4, 997—109

511

—553

—660—118

10342

—29182

—785

-652

—684—173

205

—266

—164

—102

174

5674

(*)

—11-33

-42

n.a.130

786

1950

14, 32713,807

10 117n.s.s

5201,033

419126387132

1, 294190109

— 12,028

—9, 108-576-818

-754— 153—250

—338—31

2, 2991,779

—4,537—4,017

-454-520

-3, 484—79

—2,238

—1,265

—621—254

301—322

—177—112

—43—37

-156

—414—37

295

1, 758

1,743

15

1,912

80-7

(*)

-536

77

941790

-11

1951

20, 18318 744

14 123n s s1, 4391,556

473129429152

1,492192198

-15,073

-11,202-1,270

-974

—757—202-254

-367—47

5,1103 671

—4, 954—3, 515

—409-1,439-3, 035

—71

156

—1,048

—508—491

11325

—14—75

—70-28

-156

—458—3

305

—33

—53

20

581

90126

(*)

—1135

300

—659700

500

1952

20 57417 992

13 319n s s2 5821, 488

550130471206

1 419205204

— 15 766

—10 838—2,054— 1, 115

—840—221—277

—357—64

4,8082 226

—5 113—2 531

—443—2, 582-1,960

—128

—305

-1,160

—852—286

66133

—36—87

—91—7

-420

—847—2

429

—415

—379

—36

1,673

132371

-444

—158

3021,319

627

1953

21 12316 947

12 281192

4 1761 198

574128491173

1 442216252

— 16 561

—10 990—2, 615—1,081

—929—245— 240

—375—80

4,562386

—6 657—2 481

—503—4, 176—1,837

—141

-2, 095

-383

—735—270

138223

115146

—2121

-218

-71611

487

1, 256

1,161

95

1,074

15870

(*)

(*)-14

-68

-821, 010

366

n.s.s. Not shown separately,n.a. Not available.

Preliminary. *Less than $500,000(±). 1. Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5;for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.



1946-65; Quarterly, 1960-65 and First Quarter 1966[Millions of dollars]

1954

21, 12117,759

12,799182

3, 3621,171

595136499150

1,725230272

-15,931

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

-1, 009-258-222

-361-59

5,1901,828

-5,642-2,280

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

-452

-1,622

-667-309124-21

-102-488

-12-147

93

-306-108

507

480

298

182

1,310

1241411

8-25

(*)

81,053

191

1955

22,39219,804

14,280200

2, 5881,406

654158539

._ - 123"

1,912258274

-17,795

-11, 527-2, 901-1,204

-1, 153-304-217

-395-94

4,5972,009

-5,086-2,498

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

-489

-1,255

-823-128190-42

-226-162

-35-29

-310

-383-343

416

182

41

141

1,357

197181

(*)

12-79

-14

529531

515

1956

26,16223,595

17,379161

2, 5671, 617

705229

-..— 720"122

2,171297194

-19,628

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

-1, 275-389-235

-414-154

6,5343,967

-4,990-2,423

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

1,544

-3,071

-1,951-453174

-142

-166-386

-16-131

-629

-545-563

479

-869

-306

-563

2,457

232323-2

4062

-40

-1351,977

568

1957

28,89926,481

19,390375

2,4181,967

785238772137

2,249363205

-20,752

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

-1,372-384-281

-438-201

8,1475,729

-4,763-2,345

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

3,384

-3,577

-2,442-597179-52

-349-256

-40-20

-958

-993-624

659

-1,165

-798

-367

1,132

1552379

-294

52

-52639

1, 184

1958

25,35323,067

16,264300

2,2861,638

825246808141

2,121417307

-20,861

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

-1,460-427-282

-530-139

4,4922,206

-4,647-2,361

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

-155

-2,936

-1,181-955

85-380

-152-351

-4240

-971

-1,176-339

544

2,292

2, 275

17

1,259

980 -8

-17106

7

311,042

511

1959

25,46323,489

16,295302

1,9741,646

902348810143

2,228466349

-23,342

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

-1, 610-427-301

-547-281

2, 121147

-4,422-2,448

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

-2,301

-2,375

-1, 372-624

95-139

-181-57

-77-20

—353

-1, 051-356

f -v 620I ' 434

1,035

1,075

-40

3;571

238449-1

2312

15

6862,149

423

1960

29,00927; 244

19,489335

1,7651,752

875403887153

2,355646349

-23,198

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

-1,732-438-313

-667-332

5,8114,046

-4,127-2,362

-484-1,765-1,664-214

1,684

-3,885

-1, 674-555201

-309

-155-995

-45-353

-1,105

-1,213-528

58353

2,143

1,702

441

2,104

1412826

1-90

26

1271,611

-941

1961

30,04028,575

19, 954402

1,4651,805

8854639,51174

2,768793380

-22,954

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

-1, 735-445-406

-656-278

7,0865,621

-4,051-2,586

-497-1,465-1,854-235

3,035

-4,180

-1,599-523148

-387

-136-1, 125

-127-431

-926

-1,939-261

578696

606

857—116-135

2,471

73324-5

55175

85

5131,251

-1,006

1962

31,81730,278

20,604656

1,5391,964

878580967204

3, 050904471

-25, 148

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

-1,885-411-398

-717-339

6,6695,130

-4,215-2,676

-512-1, 539-1,919-245

2,454

-3,425

-1,654-1,076

203-96

-127-324

-131-220

-1,094

-2,129-245

599681

1,533

89017626

1,691

1321345

1-115

613251

-7281,398

-1,159

1963

33,82132,339

22, 071657

1,4822,115

934660

1,013235

3, 1341,022498

-26,442

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

-2,090-390-447

-871-400

7,3795,897

-4,266-2,784

-605-1,482-1,917-262

3,113

-4,456

-1,976-1,250

195-49

-754-781

163-4

-1,664

-2, 187-447

644326

378

461—113

30

2,981

-528262

-13-23

442—56

1,374918

-352

1964

38,28836,958

25,297747

* 1, 3302,324

1, 095756

1,084263

3,6701,262460

-28,468

-18,621-2,834-2, 462

-2, 201-414-532

-952-452

9,8208,490

p-4,095-2,765

-600p-1,330-1,886-279

5,725

-6,523

-2,416-1,063

193193

-941-1,523

-343-623

-1,674

-2,358-19

580123

171

125—220266

3,312

-5-84237

-39113

486—23

372,590

-1,011

1965

40,621,38,993

26,276844

» 1, 6282,415

1,212909

1,152284

3,9611,428512

-32,036

-21, 488-2, 881-2, 691

-2,400-384-546

-1,158-488

8,5856,957

»-4,422-2,794

-628P- 1,628-1,800-366

4, 163

-3,690

-3.371-1, 206

222226

-231325

-91436

-1,575

-2,49316

681221

1,222

1,665—349-94

309

71-443186

19146

204—7

4786

-429

Line

12

3456

78910

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60

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

accounts.

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




Table 1.—U.S. International Transactions-—Annual,[Millions of dollars]

Line

12

3456

789

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60


Exports of goods and services _ _Excluding transfers under military grants

Merchandise, adjusted, excluding military 1 _ _Transfers under military sales contractsTransfers under military grants, netTransportation.. __ _ __ _

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


Other private assets • _ _ 'U.S Government assets

Imports of goods and services _

Merchandise, adjusted, excluding military 1

Military expendituresTransportation _

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

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

U.S. Government payments

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

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

Private remittancesMilitary grants of goods and servicesOther U.S. Government grants l _ „ ^U.S. Government pensions and other transfers __

Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and 26) 8_

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

Direct investments 2__ __ _Foreign securities newly issued in the United States _RedemptionsOther transactions in foreign securities

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

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

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

Loans and other long-term assets 1 _ __ _ _ _ _ _ _ _Foreign currencies and other short-term assets *

Repayments on credits:ScheduledNonscheduled _ _

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

Gold 4Convertible currencies _Gold tranche position in IMF 4 -

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


U.S. corporate securitiesLong-term liabilities reported by U S banks

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

Liabilities of U.S. Government, excluding marketable or convertible se-curities: '1

Associated with specific transactions _Other nonmarketable nonconvertible medium-term securities

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

Errors and omissions, net

I

6 7816 338

4 62358

443418

17284

22236

51814760

—5 744

—3 833—775-427

—277—100—64

—167—101

1,037594

—987—544

—107—443—381

—56

50

—658

—305—296

53—23

10—104

—512

-230

—238—141

13217

160

50

110

684

40170

1

4—4

-65

124414

-6

196

II

7 5646 942

5 015122622449

23490

21936

56415657

—6 045

—3 860—764—530

—466—102—70

—167—86

1 519897

—1 208—586

119—622—418

—49

311

—737

—312—111

55—110

—66—37

—12—144

-390

—353—150

1085

175

94

81

834

59117

1

3—53

54

56597

-193

0

III

6 9256 643

4 69970

282453

28898

22543

52016087

—6 Oil

—3 553—797—538

—663—118—110

—155—77

914632

—871—589

—119—282—417

—53

43

—947

—329—53

47—105

—27—419

2—63

-145

—234—95

16024

739

637

102

499

5351

— 5—7

10

-185627

—189

IV

7 7397 321

5 15285

418432

18113122138

753183145

—5 398

—3 486—733-420

—326—118

—69

—178—68

2,3411 923

—1,061—643

—139—418—448

—56

1,280

—1 543

—728—95

46—71

—72—435

—30—158

-340

—388—142

1837

1 069

921

148

87

—11—10

3

—1—26

27

132-27

-553

I

7,2686 944

5,02371

324416

17310123042

64018464

-5,285

—3, 401-780-414

—272—102—88

—159—69

1,9831 659

-987—663

—121—324—480

—62

996

—1,011

—458—107

41—69

82—356

—31—113

-383

—409—77

985

371

371—25

25

158

21104

(*)

-377

-1

206-246

-131

196

II

7,6267 083

4,928150543464

24510324143

62119791

—5,637

—3, 461-776-546

—450—103-77

—159—65

1,9891,446

-1,206—663

—117—543—486

—60

783

-992

-334-187

29—88

-34—159

-2—217

414

—309—103

192634

—320

—170-161

11

473

31152—1

-379

-32

-94341

-358

1

III

7,0416 794

4,68188

247456

28311422844

64319661

-6,086

-3, 687-701-545

-665-117-150

—153-68

955708

-839-592

—123—247—413-56

116

-680

-365-91

40-73

—15—13

-45—118

-467

-537-14

786

-213

146124

-483

1,153

-53

-3

26-13

20

203922

91

IV

8,1057 754

5,32293

351469

18414525245

864216164

-5,946

-3, 961-724-438

-123-91

—185-76

2, 1591,808

-1,019-668

—136-351-475-57

1,140

-1,497

-442-138

38—157

—169-597

-4917

-490

-684-67

21051

768

510-54312

687

2665-I

3532

98

198234

-608

n.s.s. Not shown separately,n.a. Not available.

9 Preliminary. "Less than $500,000 (±). 1. Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5;for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.


June 1966 SURVEY OF CUERENT BUSINESS 27

1946-65; Quarterly, 1960-65 and First Quarter 1966—Continued[Millions of dollars]

I

7,4927,102

5,01596390465

18712123746

64421972

-5,891

-3,941-765-457

-286-103-82

-177-80

1,6011,211

-1,115-725

-120-390-537-68

486

-1,023

-235-170

66-91

-119-254

-66-154

-397

-479-48

1291

427

304-114237

359

41145

(*)

7-23

142

-282329

148

1?

II

8,5507,924

5,463228626493

26014323650

701224126

-6,367

-4, 086-760-598

-496-96-74

-173-84

2, 1831,557

-1,278-652

-126-626-467-59

905

-673

-476-312

36-33

-36159

-2312

-446

-507-151

15458

-164

116-324

44

526

776

-1

-16-50

24

-214700

-148

62

III

7,4297,211

4,920127218501

26414623654

64722591

-6,517

-3, 967-755-562

-730-107-143

-167-86

912694

-827-609

-121-218-430-58

85

-521

-342-133

45(*)

5106

-40-162

25

-486-75

109477

881

446104331

-27

6-234

312

159

-1935

-443

IV

8,3468,041

5,206205305505

16717025854

1,058236182

-6,373

-4,193-803-511

-373-105-99

-200-89

1,9731,668

-995-690

-145-305-485-60

978

-1,208

-601-461

5628

23-335

-284

-276

-65729

207145

389

2435114

833

862

7-54

288251

-39364

-716

I

7,7897,342

4,974166447454

18515325156

78223388

-5,985

-3,928-757-502

-316-92-95

-204-91

1,8041,357

-1,111-664

-148-447-447-69

693

-1,062

-582-486

43-79

2777

-47-15

-462

-558-50

12125

32

111-33-46

749

-5143

-6-30

955

478195

50

19

II

8,9968,321

5,718243675552

26415125159

717258108

-6,626

-4, 227-741-628

-543-96-92

-204-95

2,3701,695

-1,391-716

-150-675-500-66

979

-1,717

-525-513

50-72

-177-402

50-128

-721

-620-266

13134

124

11662

1,301

4711433

465

-19—10

393674

34

63

III

7,7977,663

5,223103134561

28815225058

666253109

-7,066

-4,316-719-645

-823-103-157

-199-104

731597

-809-675

-146-134-466-63

-78

-276

-162-166

5215

-11674

225

-68

-441-31

163241

227

196-2859

502

405112

-617

69—50

390-21

-307

IV

9,2399,013

6,156145226548

19720426162

969278193

-6,765

-4, 521-719-541

-408-99-103

-264-110

2,4742,248

-955-729

-161-226-504-64

1,519

-1,401

-707-855087

-488-530

158114

-413

-568-100

22926

-5

38-5815

429

-8710314

-5-75

297_1

11370

-129

I

9,2338,935

6,15?193297533

22317126760

93229196

-6,533

-4,349-740-533

-339-S7-133

-231-in2,7CO2,403

-9*1-6*4

-144-2£>7-473-f.7

1,719

-1,21>3

-416-1517

{14{14

-248-4(15

-i!6-219

-an

-55!2(18

1411)2

-i»l

46-2J!8

1JS1

-116

:L7-42

518

-55

1,56— 50

-2-171

-58

19

II

9,7279,203

6,309186524584

30317127665

880315114

-7,112

-4,588-725-690

-569-101-99

-230-110

2,6152,091

-1,268-744

-145-524-533-66

1,347

-1,557

-610-284

3840

-72-531

-58-80

-462

-69773

12933

303

-73258118

387

291452

(*)19

-54—2

46283

-18

64

III

9,0008,785

5, 936162

»215609

33418126665

802309121

-7,463

-4, 653-686-676

-849-107-165

-218-109

* 1,5371,322

-857-642

-143p -215-427-72

680

-1,188

-475-713835

-23984

-271-289

-392

-60422

15931

70

-20-45135

1,120

-27-3014

-2965

176/*\v /

8943

-290

IV

10,32810,034

6,895201

P294593

23523027573

1,056347129

-7,360

-5, 031-683-563

-444-109-135

-273-122

*>2,9682,674

-989-695

-168» -294-453-74

1,979

-2,485

-915-581

6324

-382-671

12-35

-559

-535-182

1517

-151

172-205-118

1,861

-24-26135

-524

20829

-151,535

-645

I

8,9698,597

5,615200

»372508

23220228668

1,036344106

-6,809

-4, 597-664-559

-398-102-112

-255-122

*2,1601,788

-1,035-663

-153P -372-437-73

1, 125

-1,537

-1,148-302

5549

-46123

6241

-336

-648150

15210

842

832-5868

-332

9035152

8-5

45

-39-618

238

19

II

11,03210,367

7,032229

*665638

34020628771

1,060369135

-8,183

-5,488-701-766

-619-95-117

-280-117

*2,8492, 184

-1,461-796

-153P -665-510-133

1,388

-524

-936-329

52130

201176

-6188

-582

-689-64

1665

68

590-56-466

-388

-91-256

43

-568

111_1

78-335

38

55

III

9,7009,428

6,331199

*272631

37022428773

849343121

-8,521

-5,487-745-722

-919-93-171

-266-118

*> 1, 179907

-938-666

-152p -272-431-83

241

-424

-419-304

4253

-41260

-205

-225

-500-116

208183

41

124-413330

714

41-235-51

1039

-55

156809

-347

IV

10,92010,601

7,298216

»319638

27027729272

1,016372150

-8,523

-5,916-771-644

-464-94-146

-357-131

"2,3972,078

-988-669

-170P -319-422-77

1,409

-1,205

-868-271

73-6

70-134

-712

-432

-65646

15523

271

119178-26

315

311342

644

103—6

-14g230

-358

1966 »

I

n.a.10,131

7,033194n.a.615

26022029471

957374113

-8,480

-5,900-837-643

-430-95-137

-300-138

n.a.1,651

n.a.-854

-157n.a.-615-82

797

-822

-566-45511321

128139

-42-160

-302

-57186

1803

424

68222134

-107

2914250

2046

5—53

-546200

10

Line

12

3456

78910

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60

2. Excludes undistributed profits of subsidiaries. 4. Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF3. Numerically equal to net foreign investment in U.S. national income and product in the second quarter of 1965.

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


28 SURVEY OF CURRENT BUSINESS June

Table 2.—U.S. International Transactions—Quarterly


Line

12

34K

6

7g9

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

55

55

55

6


ExDorts of floods &nd services - -Excluding transfers under military grants _

Merchandise adjusted excluding military 1

Transfers under military sales contractsTransfers under military grants netTransportation

Travel -Fees and royalties from direct investmentsOther private services. ' -Other U S Government services

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

ntports of goods and services

Merchandise adjusted, excluding military J _ _ _ _Military expendituresTransportation

Travel _ _ __Private payments for other servicesU S Government payments for other services

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

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

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

Private remittances -- - _ _ _ _ _IMilitary grants of goods and servicesOther U S Government grants *U S Government pensions and other transfers

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

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


Foreign securities newly issued in the United StatesRedemptions _ _Other transactions in foreign securities

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

Claims reported by U.S. residents other than banks: 1Long-termShort-term __

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

Loans and other long-term assets *Foreign currencies and other short-term assets * -

Repayments on credits:Scheduled __ _Nonscheduled

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

Gold4 _ _— _Convertible currenciesGold tranche position in IMF 4 _

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

Direct investments 2 -_ _ _ __ __U S corporate securitiesLong-term liabilities reported by U.S. banks

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

Liabilities of U.S. Government, excluding marketable or convertible securities: l

Associated with specific transactions __

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

Errors and omissions, ne t ___ _ _ _

I

6 9746 531

4 66558

443439

21389

22036

57315187

5 937

3 804775481

—43110874

163101

1 037594

976—533

—11044336756

61

747

3512675323

—33— 102

-5-19

-212

[• —386

15717

160

50

110

876

40170

1

44

-51

\ Tlft} 716

-138

196

II

7 4636 841

4 882122622436

21695

22036

59415387

5 968

3 g4Q764479

—44210879

17086

1 495873

1 201579

122622408

49

294

593

2536655

110

—52—72

—12-83

-327

-465

1335

175

94

81

714

59117

1

-53

68

519

-263

0

III

7 1666 884

4 94870

282443

22610322743

57116687

5 814

—3 663797486

—432111

—80

168—77

1 3521 070

917—635

125282457

—53

435

1 229

43111347

105

—31— 553

2-45

-147

—346

17524

739

637

102

421

53K

1

-5

24

350

-219

IV

7 4066 988

4 99485

418434

22011622038

61717688

5 479

—3 425__733—469

—427— 111—80

—166—68

1 9271 509

—1 033—615

—127418432

—56

894

1 316

—6391094671

—39—268

—30-206

-419

—544

1187

1,069

921

148

93

—11—10

3

—1-26

-15

153

-321

I

7 4g57 141

5 06171

324440

21410623042

69518894

—5 493

—3 388780

—468

—424110

—98

—156—69

1 9721 648

—977—653

—124324467

—62

995

1 097

—507—90

4169

46-351

—31-136

-376

—504

1235

371

371—25

25

407

21104

(*)

— i77

13

-300

1961

II

7 4926 949

4 765150543451

22210924243

654193120

—5 539

—3 408776

—493

—425— 109— 101

—162—65

1 9531 410

—1 196—653

—120543473

—60

757

842

—274—130

2988

—27-204

-2-146

486

—365

217634

—320

-170-161

11

362

31152

79

-18

-443

III

7 3847 137

4 99388

247445

22412023344

71820270

—5 911

—3 831701

—493

—434— 111— 106

—167—68

1 4731 226

—888-641

—128247

—457—56

585

1 009

—480—158

40—73

-26—177

-45-90

-477

—576

936

-213

146124

-483

1,028

e

3— c

26-13

34

QSfi

86

IV

7 6997 34g

5 13593

351469

22512824645

70121096

—6 Oil

—3 883—724—489

—452— 115— 101

—171—76

1 6881 337

—990—639

— 125—351—457

— 57

698

— 1 232

—338—145

38—157

-129-393

-49-59

-559

—755

14551

768

510-54312

674

2665-1

3532

56

4fi1

-349

v Preliminary. n.a. Not available. *Less than $500,000 (±).1. Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5;

for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.

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

accounts.



Seasonally Adjusted, 1960-65 and First Quarter 1966

[Millions oJ dollars]

29

I

7,6817,291

5,03596390494

23012623846

695222109

-6,152

-3, 958-765-517.

-451-110-96

-175-80

1,5291, 139

-1,111-721

-122-390-531-68

418

-1,103

-287-163

66-91

-148-247

-66-167

-411

-561

1491

427

304-114237

723

41145

(*)

7-23

156

397

-54

1

II

8,3537,727

5,239228626479

23015123850

750219143

-6,293

-4, 070-760-536

-470-101-96

-176-84

2,0601,434

-1,259-633

-128-626-446-59

801

-508

-411-244

36-33

-38113

-2392

-356

-593

17958

-164

116-324

44

476

776

-1

-16-50

38

422

-249

962

III

7,8677,649

5,293127218488

21215424354

741232105

-6,313

-4, 100-755-509

-478-102-101

-182-86

1,5541,336

-878-660

-128-218-474-58

676

-894

-473-203

45(*)

-12-84

-40-127

18

-588

129477

881

446104331

-263

6-234

312

173

-438

-418

IV

7,9167,611

5,037205305503

20614924854

864231114

-6,390

-4,059-803-566

-486-98-105

-184-89

1,5261,221

-967-662

-134-305-468-60

559

-920

-483-466

5628

71-106

o-18

-345

-632

142145

389

2435114

755

862

7

246251

289

-438

I

7,9847,537

5,004166447486

22716025156

828236123

-6,382

-4, 058-757-570

-501-92-111

-202-91

1,6021,155

-1,115-668

-150-447

. -449-69

487

-1,131

-640-485

43-79

1084

-47-17

-476

-659

15825

32

111-33-46

1,265

-5143

-6-30

985

1, 186

-177

II

8,7788,103

5,485243675537

23116125159

760252124

-6,548

-4, 218-741-562

-516-96-111

-209-95

2,2301,555

-1,362-687

-153-675-468-66

868

-1,549

-454-435

50-72

-194-447

50-47

-608

-802

16034

124

11662

1,249

4711433

465

6—10

990

-84

1963

III

8,2698,135

5,633103134548

23416125058

761262

- 125

-6,728

-4, 344-719-587

-541-103-112

-218-104

1,5411,407

-861-727

-153-134-511-63

680

-670

-304-241

5215

-134-129

269

-94

-498

163241

227

196-2859

109

405112

-617

72—50

-27

-252

IV

8,7908,564

5,949• 145

226544

24217826162

785272126

-6,784

-4, 372-719-597

-532-99-113

-242-110

2,0061,780

-928-702

-149-226-489-64

1,078

-1,106

-578-895087

-436-289

158-9

-486

-675

16326

-5

38-5815

358

-8710314

-5-75

2661

143

161

I

9,40J»9, 112;

6, 156198297577

27118126760

976294132

-6,85C>

-4, 38£<-74C-60S

-53£.-97-142

-228-111

2,55S2,262

-98C-683

-Ut-297-471-67

1,578

-1,36C

-47£-13C

54:94

-25*.-402

-26.-212

-291

-50£

16252

-51

46-228. 131

418

17-4236

E

15S— 5C

29£

-29C

II

9,5259,001

6,092186524567

26318327665

929307133

-7,032

-4, 579-725-617

-536-101-130

-234-110

2,4931,969

-1,241-717

-147-524-504-66

1,252

-1,385

-536-201

3840

-99-569

-580

-350

-544

16133

303

-73258118

332

291452

(*)19

-29—2

249

-152

1964

III

9,5239,308

6,389162

"215593

27419126665

915320133

-7, 196

-4, 752-686-617

-555-107-130

-240-109

2,3272,112

"-909-694

-152p-215-470-72

1,418

-1,589

-622-147

3835

-257-124

-271-241

-415

-607

16131

70

-20-45135

719

-27-3014

-2965

179(*\\ )

547

-203

IV

9,8319,537

6,660201"294587

28720127573

85034162

-7,390

-4, 901-683-620

-575-109-130

-250-122

2,4412,147

"-965-671

-156"-294-441-74

1,476

-2, 189

-779-585

6324

-327-428

12-169

-618

-721

967

-151

172-205-118

1,842

-24-26135

-524

17729

1,532

-360

I

9,1488,776

5,625200"372546

28220828668

1,074348139

-7, 164

-4, 656-664-638

-597-102-134

-251-122

1,9841,612

"-1,034-662

-154"-372-435-73

950

-1,605

-1,212-306

5549

-46821

6250

-367

-554

17710

842

832-5868

180

9035152

8-5

45

-145

0

II

10,80110, 136

6, 798229

"665620

29522028771

1,112•358146

-8,087

-5, 481-701-686

-586-95-134

-287-117

2,7142,049

"- 1,433-768

-155"-665-480-133

1,281

-346

-859-244

52130

169144

-6268

-469

-661

1875

68

590-56-466

-425

-91-256

43

-568

1111

-294

-109

1965

III

10,28810,016

6,826199

"272617

30523928773

964357149

-8,245

-5,595-745-661

-603-93-137

-293-118

2,0431,771

"-991-719

-161P-272-475-83

1,052

-827

-569-380

4253

-5851

- -2054

-268

-642

191183

41

124-413330

242

41-235-51

1039

-55(*\\ )

493

-240

IV

10,38410,065

7,027216

"319632

33024229272

81136578

-8,540

-5, 756-771-706

-614-94-141

-327-131

1,8441,525

"-964-645

-158"-319-410-77

880

-912

-731-276

73-6

126109

-71-136

-471

-620

12623

271

119178-26

312

311342

644

103—6

79

-80

1966

IP

n.a.10,416

7,121194n.a.662

31622629471

1, 004379149

-8,908

-6, 003-837-734

-647-95-157

-297-138

n.a.1,508

n.a.-858

-157n.a.-619-82

650

-888

-630-45911321

123137

-42-151

-336

-544

2053

424

68222134

378

2914250

2046

5—53

139

-228

Line

12

3456

78910

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

f 42I 43

4445

46

474849

50

515253

5455

5657

f 58\ 59

60

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




Table 3.—U.S. Balance of Payments and Reserve Position—Annual Balances, 1946-65;


Line

1

2

3

4

567

8

91011

12

13

14

15

16

17

18

19

20

Balance on liquidity basis — meas-sured by increase in U.S. officialreserve assets and decrease inliquid liabilities to all foreigners :

Seasonally adjusted; decreasein net assets (— ).

Less seasonal adjustment _

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

U.S. official reserve assets (table1 line 46); increase (-).

Gold iConvertible currenciesIMF gold tranche position i_

Liquid liabilities to all for-eigners (table 1, lines 58 and59); decrease (— ).

To official agenciesTo commercial banks 2 _To other foreign residents

and unallocated 3.To international and re-

gional organizations.

Balance on official reserve transac-tions basis— measured by in-crease in U.S. official reserveassets and decrease in liquid andcertain no illiquid liabilities toforeign official agencies:

Seasonally adjusted; decreasein net assets (— ).

Less seasonal adjustment

Before seasonal adjustment(lines 16 through 18, with signreversed).

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

Liquid liabilities to foreignofficial agencies (portionof line 9 4); decrease (— ).

Certain nonliquid liabili-ties to foreign official agen-cies; decrease (— ).

Liabilities of U.S. pri-vate residents (table1, portions of lines 53through 55).

Liabilities of U,S. Gov-ernment (table 1, por-tions of lines 56 and 57) .

1946

993

993

-623

—623

-370

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

n.a.

n.a.

n.a.

-623

n.a.

n.a.

n.a

n.a

1947

4,210

4,210

-3, 315

—2, 162

-1,153

-895

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

n.a.

n.a.

n.a.

-3, 315

n.a.

n.a.

n.a.

n.a

1948

817

817

-1,736

— 1, 530

-206

919

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

n.a.

n.a.

n.a.

-1,736

n.a.

n.a.

n.a.

n.a.

1949

136

136

-266

— 164

-102

130

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

n.a.

n.a.

n.a.

-266

n.a.

n.a.

n.a.

1950

-3,489

-3,489

1,758

1 743

15

1,731

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

n.a.

n.a.

n.a.

1,758

n.a.

n.a.

n.a.

n.a.

1951

-8

-8

-33

—53

20

41

n.a.498

n.a.

n.a.

n.a.

n.a.

-33

n.a.

n.a.

n.a.

n.a

1952

-1,206

-1,206

-415

—379

-36

1,621

n.a.32

n.a.

n.a.

n.a.

n.a.

-415

n.a.

n.a

n.a

n.a

1953

-2, 184

-2, 184

1,256

1, 161

95

928

n.a.— 59n.a.

n.a.

n.a.

n.a.

1,256

n.a.

n.a

n.a

n.a

1954

-1,541

-1,541

480

298

182

1,061

n.a.1

n.a.

n.a.

n.a.

n.a.

480

n.a.

n.a

n.a

n.a

1955

-1,242

-1,242

182

41

141

1,060

n.a.410

n.a.

n.a.

n.a.

n.a.

182

n.a.

n.a.

n.a

n.a

1956

-973

-973

-869

—306

-563

1,842

n.a.428

n.a.

n.a.

n.a.

n.a.

-869

n.a

n.a

n.a

n.a

1957

578

578

-1,165

—798

-367

587

n.a.60

n.a.

n.a.

n.a.

n.a.

-1, 165

n.a

n.a

n.a

n.a

1958

-3,365.....

-3,365

2,292

2,275

17

1,073

n.a.48

n.a.

n.a.

n.a.

n.a.

2,292

n.a.

n.a

n.a

n.a

1959

-3,870

-3,870

1,035

1,075

-40

2,835

n.a.1, 158n.a.

n.a.

n.a.

n.a.

1,035

n.a

n.a

n.a

n.a

1960

-3,881

-3,881

2,143

1,702

441

1,738

1,449140

-188

337

-3,402

-3,402

2,143

1,259

1961

-2,370

-2,370

606

857-116-135

1,764

68158690

407

-1,347

-1,347

606

741

1962

-2,203

-2,203

1,533

89017

626

670

v 457-138

140

211

-2,706

-2,706

1,533

919

254

254

1963

-2,670

-2,670

378

461-113

30

2,292

1,673470385

-236

-2,044

-2,044

378

1,673

7

9

—16

1964

-2,798

-2,798

171

125-220

266

2,627

1,0731,454

345

-245

-1,546

-1,546

171

1,073

30?

148

154

1965

-1,355

-1,355

1,222

1,665-349-94

133

-17116306

-272

-1,302

-1,302

1,222

-17

97

-41

138

p Preliminary. n.a. Not available. 2. Includes deposits of foreign branches of U.S. banks and of foreign commercial banks,1. Keflects $259 million payment of gold portion of increased U.S. subscription to the IMF associated with their U.S.-dollar denominated liabilities to foreign official agencies,

in the second quarter of 1965.



Quarterly Balances, 1960-65 and First Quarter 1966; and Position at March 31, 1966


I

—876

-178

-698

160

50

110

538

102450-95

81

-409

-389

-20

160

-140

1

II

—694

134

-828

175

94

81

653

32514632

150

-453

147

-600

175

425

960

III

— 1,089

92

-1,181

739

637

102

442

48839

-96

11

-1,015

219

-1,234

739

495

IV

— 1,222

-48

-1,174

1,069

921

148

105

534-495-29

95

-1,525

23

-1,548

1,069

479

I

—566

—235

-331

371

371—2525

-40

44-21-115

52

-864

-441

-423

371

52

1£

II

198

125

73

-320

-170— 161

11

247

-31846076

29

774

158

616

-320

-296

61

III

—773

139

-912

-213

146124

-483

1,125

9008460

81

-454

261

-715

-213

928

IV

— 1,229

—29

-1,200

768

510—54312

432

556369

245

-803

22

-825

768

57

I

—824

—350

-474

427

304—114237

47

-65344740

213

—428

—539

111

427

-538

1

II

—258

64

-322

-164

116—324

44

486

462-250276

-2

—286

126

—412

-164

577

—I

1

962

III

—443

250

-693

881

446104331

-188

270-212-140

-106

—935

351

— 1,286

881

385

20

20

IV

—678

36

-714

389

2435114

325

378-123-36

106

— 1,057

62

— 1 119

389

495

235

235

I

— 1,218

—513

-705

32

11133

-46

673

27638676

-65

— 1,081

—692

—389

32

276

81

81

196

II

— 1,114

77

-1,191

124

11662

1,067

92681109

-49

—871

184

— 1 055

124

926

5

9

4

3

III

—200

396

-596

227

196—2859

369

320-2486

-13

471

—471

227

320

—76

76

IV

—138

40

-178

t

38—5815

183

15127114

-109

—92

37

— 129

f

151

—17

17

I

—248

—472

224

-51

46—228131

-173

-40025657

-86

—144

—629

485

-51

-400

—34

25

—59

1<

II

—552

80

-632

303

-73258118

329

2159346

-25

—326

215

—541

303

215

23

44

—21

)64

III

—617

404

-1,021

70

-2045135

951

389588114

-140

-231

450

—681

70

389

222

15

207

IV

—1381

-12

-1,369

-151

172—205-118

1,520

869517128

6

—845

-36

—809

-151

869

91

64

27

I

—697

—512

-185

842

832—5868

-657

-860164104

-65

-618

-659

41

842

-860

—23

—21

_2

]

II

226

37

189

68

590—56-466

-257

-107-206

82

-26

238

184

54

68

-107

—15

—28

13

L965

III

-534

472

-1,006

41

124—413330

965

25369772

-57

236

508

-272

41

253

—22

-20

—2

IV

-350

3

-353

271

119178-26

82

697-539

48

-124

-1,158

-33

-1,125

271

697

157

28

129

1966

I*

-563

-485

-78

424

68222134

-346

-833408112

-33

-245

-625

380

424

-833

29

47

-18

Amountsoutstand-

March 31,1966

15, 026

13,738559729

28, 786

15, 3727,8274,171

1,416

15, 026

15,372

676

163

513

Line

1

2

3

4

567

8

91011

12

13

14

15

16

17

18

19

20

May include U.S. Government bonds and notes held by foreign commercial banks. 4. Excludes changes in Treasury liabilities to certain foreign military agencies during1960-62, which are included in line 9.



Table 4.—U.S. Merchandise Trade—Annual, 1960-65; Quarterly, 1964-65 and First Quarter 1966[Millions of dollars]

Line

1

2

3

4

5

6

7

89

10

11

12

13

14

15

16

17

181920

2122

23

2425262728

29

30

31

Merchandise exports, adjusted(table 1, line 3)

Plus merchandise exports, otherthan military grant shipmentsexcluded from line 1 but includedin Census data - 1

Less merchandise exports includedin line 1 but excluded fromCensus data 2

Less miscellaneous and specialadjustments to Census dataincorporated in line 1, net 3

Equals: Merchandise exports,Census basis, including reex-ports, excluding military grantshipments

Plus military grant shipmentsrecorded in Census data.

Equals: Merchandise exports,Census basis, including reex-ports and military grant ship-ments

Agricultural goodsNonagricultural goods

Excluding military grantshipments

Merchandise imports, adjusted(table 1 line 15)

Plus merchandise imports ex-cluded from line 11 but includedin Census data 4

Less merchandise imports includedin line 11 but excluded fromCensus data 5 _ _ _

Less miscellaneous and specialadjustments to Census data in-corporated in line 11 net 3

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

Food and beverages.-

Industrial supplies and' ma-terials -

Iron and steel _ _ _PetroleumOther

Consumer goods (nonfood)Passenger cars, new and

used - __ _Other _- _

Capital equipmentMachinery and partsTrucks and busesOther

All other, including uranium,and unclassified

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

Memorandum items:

Merchandise exports, adjustedexcluding those financecby U.S. Government grantsand capital outflows (line1 less line A .28 of table 5) 8 __

Balance on merchandise tradeadjusted, excluding exportsfinanced by U.S. Government grants and capital outflows (line 29 less line A. 28of table 5) 8

960

9,489

268

127

1

9,629

949

0,578

4,8325,746

4,797

4,732

482

126

70

5,018

3,209

7,59508

1,5485,53

2,45

541,91

60513

1,15

4,75

17,59

2,85

961

9,954

386

149

3

0,188

810

0,998

5,0245,974

5,164

4,510

394

125

65

14,714

3,259

7,3942

1,675,29

2,20

311,88

72551

15

1,13

5,44

17,74

3,23

962

0,604

531

111

51

0,973

727

1,700

5,0346,666

5,939

6,187

384

150

41

16,380

3, 514

8,198538

1,815,84

2,70

432,27

79651

12

1,17

4,41

18,27

2,08

1963

2,071

512

145

11

2,427

920

3,347

5,5847,763

6,843

6,992

341

157

38

17, 138

3,659

8,445692

1,835,922

2,89

462,42

867529

1,27

5,07

19,35

2,35

964

5,297

453

218

-139

5,671

818

6,489

6,3470,142

9,324

8,621

248

176

8,684

3,78

9,1582

1,916,42

3,38

592,79

1,09921

15

1,26

6,67

22,49

3,87

965

6,276

498

123

84

6,567

779

7,346

6,2291,117

0,338

1,488

174

204

92

21,366

3,82

10,561,262,097,19

4,11

663,44

1,521,24

225

1,33

4,78

23,50

2,02

1964

I

157

86

45

13

,185

241

,426

,590,836

,595

,349

72

44

4,372

890

2,180180494

1 50

71

1457

2521

£

32

1,80

5,51

1,16

II

309

124

29

-10

414

206

,620

,511,109

,903

,588

66

42

4,608

920

2,280210464

1 60

81

1565

2722

4

32

1,72

5,56

97

III

936

127

40

-13

,036

203

,239

,3934,846

,643

4,653

53

41

4,665

888

2,322048

1,63

90

1178

2722

3

28

1,28

5,24

59

V I

895

116

104

-129

,036

168

,204

,853,351

5,183

5,031

5

4

5,03

1,08

2,372247

1,67

95

1778

2924?

4

32

1,86

6,17

1,14

1965

I i

,615

98

36

84

,593

226

5 819

2324 587

4,361

4 597

51

3

4,60

75

2,372354

1,59

84

1470

3226

4

31

1,01

5,04

44

III

032

125

29

,128

247

,375

,618,757

5,510

5,488

49

5

5,48

96

2,793753

1,88

99

1781

3932

6

34

1,54

6,17

69

III

6,331

130

25

6,436

160

6,596

1,4925,104

4,944

5,487

37

4

32

75,14

89

2,573447

1,75

1,01

1288

3529

6:31

84

5, 65

16

IV

7,298

145

33

7,410

146

7,556

1,8875,669

5, 523

5,916

37

6

-23

7 6, 12

1,21

2,823054

1,97

1,26

221,03

4536418

36

1,38

6,63

71

966

IP

033

96

39

,090

158

7,248

1,6495,599

5 441

5,900

80

62

2

5,89

1,04

2,732456

1,91

1,26

3194

504126

35

1,13

6,27

37

Seasonally adjusted

1964

I

,156

6,173

1,617

4, 556

4,389

4,395

90

2,161945

1,51

75

1362

2420

3

31

1,76

n.a

n.a

II

,092

,185

1,501

4,684

4 579

4,53

92

2,231947

1,56

85

1569

2521

3

31

1,51

n.a

n.a

III

,389

,479

1,568

4 911

4,752

4,745

921

2,35204502

1,65

87

1472

2925j

31

30

1,63

n.a

n.a

Vi

,660

,789

1,655

5,134

4,90

4,89

99

2,382347

1,67

89

1672

2925

4!

32

1,75

n.a

n.a

1965

I i

,625

,568

1,257

4 311

4,656

4,65

78

2,362550

1,604

89

1276

3025

4

30

96

n.a

n.a

I i

,798

,870

1,602

5,268

5,481

5,45

97

2,733554

1,83

1,03

1786

3730

5

33

1,31

n.a

n.a

III

6,826

6,912

1,678

5 234

5,595

75,234

926

2, 609343494

1,772

97

156820

3832J

6

33

1,23

n.a

n.a

IV

7,027

7,106

1,689

5,417

5,756

75,944

1,118

2,832312546

1,974

1,179

212967

45736

1082

35

1,27

n.a

n.a

1966

IP

7,121

7,178

1,682

5, 496

6,003

6,001

1,062

2, 747268532

1,947

1,341

2841,057

4913972569

360

1,117

n.a.

n.a.

p Preliminary. n.a. Not available.1 Exports and imports in the fourth quarter of 1964 and the first two quarters of 1965 were

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

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

3 Includes exports of domestically owned goods out of storage abroad (e.g., U.S. grainsold from storage in Canada); exports of electrical energy; exports of nonmonetary gold andsilver, and net sales of gold by U.S. private residents to the U.S. monetary gold stock;personal remittances in kind (gift parcels sent through the mail); and transfers, financedunder nonmilitary aid programs, of goods to recipient countries from Defense Departmentstocks located abroad.

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

5 Consists mainly of Defense Department and other imports which duplicate in wholeor in part purchases (e.g., of nuclear materials) included in table 1, line 16 (Military expendi-tures) . Also includes imports of domestically owned goods returned from storage abroad(e.g., grain from storage in Canada); imports from the Panama Canal Zone; and foreigncharges for repair of U.S. vessels. ' ,6 Includes imports of electrical energy; and imports of nonmonetary gold and silver, andnet purchases of gold by the U.S. private residents from the U.S. monetary gold stock.

7 Imports in the third and fourth quarters of 1965 were distorted by the U.S. seamen sstrike and by changes in Customs Bureau procedures for verifying and handling importdocuments. An adjustment for these factors is included in lines 11 and 14 of the table, butcould not be carried into the commodity detail.8 The entries in this line reflect only an approximate measure of merchandise exports notfinanced by Government grants and capital outflows since Government financing of exportsmay not coincide with actual shipments.



June 1966 SURVEY OF CUKKENT BUSINESS 33

Table 5.—Major U.S. Government Transactions—Annual, 1960-65; Quarterly, 1965 and First Quarter 1966[Millions of dollars]

Line

A. 1

la

234

56789

1011121314151617

18192021222324

2526

27

282930

313233

34

3. 1

la

23

456

789

1011

12

131415

3. 1

23

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

Seasonally adjusted

By category:Grants, net _ _ _ _ _Credits repayable i n foreign currencies _ _ _ _ _ _ _ _ _ _ _ _ _ .Other foreign currency assets (excluding administrative cash holdings), net.

Receipts from—Sales of agricultural commodities. __ _ _ _ __• _ _ __ _ _Interest . _ _ _ _ - _ _Repayments of principalReverse grants. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Other sources _ _ _ _ _ _ _.

Less disbursements for —Grants in the recipient's currency- _ _ _ _ _ _Credits in the recipient's currencyOther grants and creditsOther U.S. Government expenditures __ _

Capital subscriptions to international and regional organizationsCredits repayable in dollarsOther long-term assets, net__ _ _ _ _ _ _ _ _ _ _O ther short-term assets (including changes in administrative cash holdings) ,

net.

By program :Under farm product disposal programsUnder Foreign Assistance Acts and related programs _ _ _ ...Under Export-Import Bank ActSubscriptions to international and regional organizations, excluding IMF. .Other assistance programs _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Other foreign currency assets acquired (lines A. 6, A. 7, and A. 9)Less foreign currencies used by U.S. Government other than for grants or

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

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

StatesExpenditures on U.S. merchandiseExpenditures o n U.S. services. _ _ _ _ _ _ _ _Military sales contracts financed by credits (including short-term, net)2

(line B.4)U.S. Government credits to repay prior U.S. Government credits 3

U.S. Government credits to repay prior U.S. private creditsIncrease in claims on U.S. Government associated with Government

grants and capital outflows (including changes in retained accounts)(line B.7)

Estimated dollar payments to foreign countries and international andregional organizations through U.S. Government grants and capitaloutflows _ _ _ _ _ _ _ _ _ _ _ _ _ _ ' _ _ _ _ _

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

Seasonally adjusted

Associated with military sales contracts 4

Defense and Treasury Departments receipts from foreign governments(including .'principal repayments to Defense Department), net of refunds;.

Plus sales contracts financed by U.S. Government credits 5 (line A. 30)Less Defense Department receipts from principal repayments. _ _ . _Less transfers of goods and services (including transfers financed by credits]

(table 1, line 4)

Associated with U.S. Government grants and capital outflows (line A.33)Non-interest-bearing securities issued to IDA _Non-interest-bearing securities issued to IDBNon-interest-bearing securities issued to UN for special programsForeign funds retained in U.S. Government accounts for purchases in tho

United StatesOther

Associated with other specific transactions _ _ _ _ _ _ _ _ _ _Purchase of Columbia River downstream power rightsU.S. Government nonmilitary sales and miscellaneous operations _ _ _ _ ....

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

Export-Import Bank Portfolio Certificates of ParticipationU.S. Treasury securities not included elsewhere 6 .

1960

3,4053,405

1,664541573

1, 18769222741

17931244

23815450018

-45

1,2781,658

40515421

132

238-5

(*)

2,2791,898

300

1723

41

1,126

2626

-16

3281726

335

4158

-17

1

1

1961

4,0544,054

1,854758219

1,13374502329

26249060

278172

1,009

42

1, 3511,790

82217227

153

27823-6

2,9082,209

431

1562

111

80

1,146

8585

5

4171525

402

805825

-3

(*)

(*)

1962

4,2934,m

1,919862228

1,084115611667

37344819

275122

1,145

17

1,5031,949

621122111243

27520-1

3,2492,333

575

119093

147

1,044

61361S

470

1,1421127

656

14736

100

47

-4

-4

251

251

1963

4,5514,551

1, 917726433

1,216147931569

39342028

26662

1,399

14

1, 6712,158

50962

100309

26626

-18

3,7372,721

. 666

4817533

94

814

442'44*

347

964488

657

9414

43

361

1

1

-56

18-74

1964

4,263•4, MS

1,88688549

1, 313169887

22

53164723

349112

1, 361

-30

1, 7652,009

338112148279

349-31-8

3,5782, 801

594

3130

50

685

486486

228

98139

747

50152530

-14-6

208204

4

-23

-3-20

1965

Total

4,2774,277

1,80073914

980187922

53

33657213

379

1,754

-30

1, 4752,196

532

155332

379-18-16

3,5692,768

643

130113

-85

708

204204

314

1,08413056

844

-85-79

-15

10-1

-25-30

5

-7

-7(*)

I

935989

437256

-124

23044241

28

131212

3105

392

-26

31451094

4796

105-3

-18

752571150

1623

-8

183

4545

51

242167

200

-8-20

-2

113

2

2

II

1,2631,W

51020260

3265126

(*)8

90157

4100

487

4

516577148

3885

100-3

2

1,071853173

2842

-25

192

111111

130

336285

229

-25-21

5

5-14

6

6

-1

-1(*)

III

1,0471,117

43195

112

21539201

10

36513

83

405

4

349570112

3169

83-3

2

856678150

3824

-34

191

-55-55

-16

1813836

199

-34-20

-18

31

-5

-5

(*)

(*)

IV

1,0321,030

422186

-34

2095322

«7

79152

391

470

-12

296539178

3982

91-9-2

890666170

4824

-18

142

103103

149

325488

216

-18-18

(*)

1-1

-28-30

2

-6

-6(*)

1966

IP

1,1001,163

615106

-80

2154826

(*)3

212803

77

465

-6

368563143

3577

77-10

1

910760167

938

-64

190

55

71

25892

194

-64-36-8

-20

(*)(*)

-2

-2

-53

-53

p Preliminary. *Less than $500,000 (±).1. As reported by the operating agencies.2. Consists of transfers of military goods and services financed by U.S. Government credits and of advance payments to the Defense Department (on military sales contracts) financed

by credits extended .to foreigners by U.S. Government agencies other than the Defense Department.3. Includes estimated net accumulations of foreign currency from principal repayments recorded in line A. 7.4. Estimates for the 11 quarters in fiscal years 1964-66 for the several categories or transactions related to mi. ^ „ agones or transactions related to military sales contracts—other than for cash receipts—in this and the other

tables are based upon incomplete reports.5. Consists of transfers of military goods and services financed by U.S. Government credits (included in line B.6) and of increases in Defense Department liabilities (on military sales

contracts) which arise from advance payments to the Defense Department financed by credits to foreigners by U.S. Government agencies other than the Defense Department.6. Through the last period shown, all securities included here have been payable in foreign currencies.




Table 6.—Claims on Foreigners Reported by U.S. Banks and U.S. Private Residents Other Than Banks—Annual Changes, 1964-65;Quarterly Changes, 1965 and First Quarter 1966; and Position at March 31, 1966


Line

Changes

19641965

Total II III IV

1966

Amountsoutstand-

ingMarch 31,

1966

A.

91011121314

1516171819202122

23

24

Claims reported by U.S. banks:

Long-term (table 1, line 37, with sign reversed).

Seasonally adjusted

CanadaUnited Kingdom....___Other Western Europe.Japan - _ _ _0 ther countries

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

Seasonally adjusted

U.S.-dollar loansCanada _.

10 United Kingdom11 Other Western Europe.12 Japan..13 Other countries •_

14 U.S.-dollar acceptance credits. .15 Canada _-16 United Kingdom17 Other Western Europe18 Japan19 Other countries

20 U.S.-dollar collections outstanding21 Canada _.22 United Kingdom23 Other Western Europe24 Japan25 Other countries

26 Other claims in U.S. dollars. i27 Canada28 United Kingdom29 Other Western Europe

Japan31 Other countries •

32 Foreign currency deposits and other claimsCanada _ _ _ : _ _

34 United Kingdom..35 Other Western Europe36 Japan37 Other countries ._

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

2 CanadaUnited Kingdom

4 Other Western Europe5 Japan

Other countries

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

7a Seasonally adjusted

Reported by brokerage concerns.Reported by others

CanadaUnited KingdomOther Western EuropeJapanOther countries .

Of which: Deposits and money market assetsU.S.-dollar claims reported by major U.S. corporations..Foreign currency claims

CanadaUnited KingdomOther Western EuropeJapan____Other countries ,

Memorandum items:

U.S.-dollar deposits in Canadian banks:As reported by major U.S. corporations other than banks

(included in line B. 18)_-As reported in Canadian banking statistics

941

-1739550136233

1,523

1,528

737362386174418

19-420189162

175I10324785

1682277-7742

579

-2460-214

343

2943626-1-12

-17640335926220131

1941811314836

-1620

97224

231

19-1

-10815306

-325

194-61-269

-29217

-6741235

-31-87

792

-1-42557

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

-150-113-25-23-415

91

44-26

64

436

28-464-444-1819

-12

-515-398-117-502-1211q-3

-333

461

378

14042234

-23

-21

18130

-17616

101

-31-4-3-767

-84

-54(*)(*)-13-24-17

-94-24-634

-25-24-271710-1

-6

13-21

5-85

-241

-241-222

35-22

1-33

-203-146-57-210

234

-7-13

-144-276

-201

-169

-1147

-83

-176

-144-100-90-10-17-3350

151091234

-50

491

-593311

-107-893

-15-2-4

26-38-13-2

6-4-444

-188

13-201-131-7113-9-3

-212-195-17-136-73—1-53

-138-225

41

58

—1-4-62-8116

-260

-61

-41-318

(*)-22-34

-15233i

-135-22

(*)

-92-798

—7-10-4

-5029

-12

(*)

20

22

-24

-4

-5

-5-21163

-41

-30-80

(*)-18-13-12

21-11

-70

—186

-9-2-72-26

134

-109

154272520100

101-5331

2613

-2-1842

-50-32

-536

-930

71

3-11

15-17-70225

.(*)26

-70-27-43-138

5120-3

(*)

-72-94

-16-1-98-11-2

-139

-137

-9715

-10-4-20-78

(*)38

2-73013

15-15419

-12

-47

-432

-483

-5-2-17-27

42

27-411-19

160

151

160-12788213-1

n.a.70

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

-26-126

4,388'

33086

1,413434

2,125

7,589

2,87117554456590

1, 596

2,5395418202

1,548717

1,2871128169476

448244161612052

444163831034352

1,437

5162712797670

2,574

1192455599393589174700

n.a.703n.a.n.a.n.a.n.a.n.a.n.a.

292739

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



Table 7.—U.S. Liquid Liabilities to Foreigners—Annual Changes, 1960-65; Quarterly Changes, 1965 and First Quarter 1966; andPosition at March 31, 1966

[Millions o:: dollars]

Line

1

2

3456

7g9

10111213

14

15

16171819

20

212223

2425

26

272829

3031

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

To foreign official agencies _~

Central banks and governments _ _ _ _Demand deposits _Time deposits 1 - _ _Other private obligations, mainly money market paper L... .

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

-.Payable in U.S. dollars 2Payable in foreign currencies _ _ _ _ _

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

Payable in U.S. dollarsPayable in foreign currencies

International Monetary Fund 3

To foreign commercial banks _ _ _ _ _ _ _ _ _

Dema'nd deposits - —Time deposits 1 - ~ ~Other private obligations, mainly money market paper L_U S Government short-term securities

To other foreign residents and unallocated _ _ _

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

U.S. Government obligations:Short-term securities _Bonds a n d notes _ _ _ _ _

To international and regional organizations not included above

Demand depositsTime deposits 1 _ _ _Other private obligations, mainly money market paper *

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

1960

1,738

1, 449

1,149[• 204

400

645645

-100

300

140

I 841-284-417

-188

1 1C

/ 16

-38

-1682

337

\ UK> 145-6

82116

196:L

1,764

681

681351110

20616046

14

K86

1544-26-32

90

L26-2

-1-33

407

13555

-237454

1962

670

457

457—127-164

887885

2

-139

-138

—2396140

140

119122

-33-68

211

18582

278-334

1963

2 292

1,673

1,673619114

-229-211-18

466703150653

470

263222-15

385

363117

2-97

-236

—114-7

-356241

.

1964

2 627

1, 073

1,073/ 189\ 369

223

—246

-30

-59375

375

1,454

/ 903I 129

34874

345

r 31\ 291

33

-4737

-245

r -51 -177

176

16-255

Changes

Total

133

-17

—51-56

46224

—368—368

-20123

i2~s34

116

-86-67298

—29

306

44323

-171

1595

-272

-23-7

-30

-61—151

I

—657

-860

-860-105

3651

—909-909

1651

51

164

22-74

66150

104

1090-2

7-1

-65

-41519

10-105

1965

II

—257

-107

—107127

-55137

—301-301

-15

—206

-29026

107-49

82

-1956

-54

792

-26

2-30-12

131

5

III

965

253

245-73-16-35

249249

-2122

122

g

697

55822

225-108

72

-1774

-20

-540

-57

4124

-73-4

IV

82

697

671—58171

593693

-19-50

-50

26

-539

-376-41

-100—22

48

70103

—95

6-36

-124

-25-4

-41

-11-43

1966

IP

—346

-833

—96440g

-208

-434-751

317

—5-365

—365

131

408

486-158

83—3

112

-4511223

220

-33

13147

129-196

Amountsoutstand-

ingMarch 31,

1966

28 78(

15 372

14 40'1 57,2,87(1, 27,

6 75$6,43i

sr1 10(

QOf

15(.68i

96.

7 82'

5 42$74,

1, 54510<

4,17

1,53(1,70

35<

8149S

1,41

5,21,29

29<55(

v Preliminary.1. With maturity of 1 year or less; negotiable certificates of deposit with a maturity of 1

year or less are included with money market paper.2. Includes changes in Treasury liabilities to certain foreign military agencies during

1960-62.

3. Includes liabilities of U.S. monetary authorities for gold deposited by and held for IMF.Excludes dollar holdings of IMF except holdings acquired through gold sales to the UnitedStates with the option to reverse the transactions. These reversible transactions amountedto $200 million in 1956, $300 million in 1959, and $300 million in 1960.


[Millions of dollars]Table 8.—U.S. International Transactions

Line

12

3456

789

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

58

59

60

(Credits -f; debits -)

Exports of goods and services -Excluding transfers under military grants

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

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


Other private assets -U.S Government assets

Imports of goods and services •.-.

Merchandise adjusted, excluding military _ _Military expendituresTransportation

Travel - - - - - -Private payments for other servicesU S Government payments for other services

Income on foreign investments in theUnited StatesPrivate payments 2

U S Government payments _ _ _

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

2 and 14) - -_

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

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

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

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

Direct investments 2 - ---Foreign securities newly issued in the United StatesRedemptions -Other transactions in foreign securities _ _ _

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

Claims reported by U.S. residents other thanbanks:

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

Foreign currencies and other short-term assets

Repayments on credits:

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

GoldsConvertible currencies

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

U S corporate securities ;Long-term liabilities reported by U.S. banks

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

Long-term .

Liabilities of U.S. Government, excluding market-able or convertible securities:

Associated with specific transactions _ _ __Other nonmarketable, nonconvertible, medium-

term-securities.

U.S. Government marketable or convertible bondsand notes.

Deposits and money market paper held in theUnited States.

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

United Kingdom

1960

2,1982,198

1,45110

174

29• 5111212

2174993

-2,014

-984-287-294

-114-160

-7

-141-27

184

184

-28-28

-17

-11

156

-900

-589

1

35-124

-3-220

86

17

69

550

550

715

31-48

1

(*)-46

10

89

678

-607

1961

2,0002,000

1,18816

190

3066

11813

2395090

-1,860

-892-225-311

—105-159

-4

-132-32

140

140

-29-29

-18

-11

111

-101

-196

-52

465

375

85

16

69

306

306

649

46-17-2

-2269

(*)

16

559

-1,050

1962

1,9561,956

1,15118

204

3779

10712

2114889

-1,959

-1,002-197-330

-113-152

-6

-126-33

-3

-3

-42-42

-30

-12

-45

-205

-170

31

-15-41

3-13

77

(*)6

71

387

387

-745

20-34

(*)

-12-48

12

-65

-618

531

1963

2,0672,067

1,24713

210

4098

10713

1995387

-2,033

-1,072-184-346

-119-137-10

-142-23

34

34

-39-39

-26

-13

-5

-268

-124-155

41

-13-15

-64

78

4

74

-344

-329-15

129

44207

(*)

<%

42

-9

-125

410

1964

2,5442,544

1,60643

230

5510912416

2766916

-2, 119

-1,135-173-341

-130-149-11

-158-22

425

425

-41-41

-27

-14

384

-411

-206-9

49

-39-82

-36-88

13

4

9

-864

-618-246

592

-36Q

84

29

33(*)

86

417

286

1965

2,6362,636

1,62656

243

6214013813

2636332

-2,513

-1,410-153-410

-142-152-12

-192-42

123

123

-47-47

-31

-16

76

-255

-324-80

10

1100

2612

26

16

10

-443

-48-395

443

-52-520-27

1332

29(*)

139

829

153

Other Western Europe

1960

7,8066,893

5,268211913632

5980

23641

17192

103

-6,359

-3,190-1,351

-691

-543-68-73

-284-159

1,447

534

-1,354-441

-121^913-240-80.

93

-624

-373—24

25-127

-35-55

-13-22

51

-23255

19731

1,168

1, 168

231

82281

4

-3-52

-31

-124

74

-919

1961

8,0827,471

5,638250611651

61101247

52

240122109

-6,264

-3,153-1,291

-763

-485-84-76

-287-125

1,818

1,207

-1,087-476

-129-611-254-93

731

-1,045

-528-57

30-181

-131-114

9-73

596

-27626

177669

330

446-116

1,020

32264-3

2551

2

-13

662

-1,632

1962

8,9618,335

5,986520626708

6614426755

309156124

-6,942

-3,532-1,423

-847

-503-82-80

-317. -158

2,019

1,393

-1,064-438

-114-626-216-108

955

-1, 101

-697-195

33-47

-69-69

-3-54

590

-28750

161666

740

72020

801

42157

3

-12-69

466251

-66

29

-1,985

1963

9,5588,805

6,369527753748

71174274

56

30818791

-7,267

-3,647-1,327

-955

-588-90

-105

-357-198

2,291

1,538

-1,152-399

-135-753-147-117

1,139

-1,492

-800-117

23-38

-475-37

-9-39

88

-305-19

135277

631

729-98

1,578

-6032

-1114

323-64

658

713

-1,944

1964

10,2509, 700

6,981560

P550826

10219727358

378228.97

-7,797

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

-613-98

-113

-364-234

2,453

1,903

p-901-351

-145*-550

-81-125

1,552

-1,874

-1, 162-26

35102

-550-191

-26-56

-229

-470102

11425

733

70627

1,412

24-149

24

-439

164-22

262

1,074

-1,594

1965

10,77110,233

7,282475

*>538906

116229299

60

497254115

-8,719

-4,778-1,303-1,104

-653-103-110

-425-243

2,052

1,514

z-978-440

-170p-538

-76-194

1,074

-957

-1, 108-15

35110

108-59

(*)-28

33

-436120

162187

1,396

1,34749

-998

388

-18

(*)81

292-6

70

-1,463

-548

Preliminary. *Less than $500,000. n.a. Not available.

36

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

2. Excludes undistributed profits of subsidiaries.


by Area—Annual 1960-65[Millions of dollars]

Eastern Europe

1960

229229

203

8

(*)

9(*)

9

-93

-81—1-2

-7

-2

136

136

-30-30

-24

-5-1

106

1

-3

31

-118

-5-121

8

9

-2

(*)

11

2

1961

164164

140

6

(*)

9(*)

9

-92

-81-1-2

-4(*)

-4

72

72

-27-27

-21

-4-2

45

-4

1

-1

-1-1

-47

-5-55

10

-6

(*)

(*)

-6

12

1962

155155

131

5

16(*)

9

-92

-79-1-2

-6(*)

63

63

-36-36

-27

-7-2

27

3

821

-45

-2-56

13

1

8•(*)

l

14

1963

202202

174

7

(*)

111

9

-101

-82-1-4

-7(*)

(*)(*)

101

101

-22-22

-11

-8-3

79

-19

-19-8

9-1

-31

(*)-45

14

4

(*)

(*)

(*)

(*)

4

-33

1964

395395

356

18

111

9

-123

-99-1-7

-9(*)

(*)(*)

272

272

-18-18

-10

-5-3

254

-2

(*)

2-5

(*)

-38

(*)-52

14

-3

(*)

1

(*)

(*)

-4

-211

1965

176176

147(*)

6

.(*)

121

28

-165

-138-1_IT

-11

(*)-8

81111

-18-18

-8

-6-4

-7

-4

8-12

(*)(*)

19

5

14

13

(*)

(*)•(*)

(*).

(*)

13

-21

Canada

1960

5,1165,116

3,76835

97

46995596

362225

-4,003

-2,908-387-109

-380-26-4

-158-31

1,113

1,113

-36-36

-4

-32

1,077

-835

-451-221

112-94

28-149

4-64

7

7

176

18-15

-1-1

-9

-36

220

-425

1961

5,2325,223

3, 712389

107

449111692

464271

-4,206

-3, 087-357-120

-425-33~3

-153-28

1,026

1,026

-36-27

1—9

-28

990

-1,065

-302-237

55' -88

2-133

8-370

-2

-2

313

-3-26

53-15

-26

13

317

-236

1962

5,4025,402

3,89326

120

392127733

476292

(*)

-4,691

-3,498-326-120

-479-50-5

-178-35

711

711

-22-22

1

-23

689

-710

-314-457

8379

-3030

-7-94

(*)

(*)

-193

-190-3

637

4331

2819

-6

-69

591

-423

1963

5,6165,616

4,10418

128

372134714

455330

-4,997

-3, 715-296-135

-522-58-11

-203-57

619

619

-28-28

-4

-24

591

-918

-365-693

10737

14-112

-12106

1

1

(*)

(*)

106

4414

-5-8

-11

422

-361

220

1964

6,7046,704

4,78434

139

448162926

634405

-5,495

-4,190-258-145

-550-57-15

-215-65

1,209

• 1,209

-30-30

-3

-27

1,179

-1,535

-239-700

8717

17. -87

-294-336

1

1

(*)

(*)

263

2638

-329

224(*)

3

-5

92

1965

7,5947,594

5,47460

148

491185927

692445

(*)

-6,153

-4, 832-172-154

-600-60-15

-249-71

1,441

1,441

-34-34

-5

-29

1,407

-561

-895-709

108147

-19410

-44441

(*)

(*)

-3

-3

-361

2143

121

-23(*)

-14

-410

-482

Latin American Republics

1960

5,2575,185

3,5261972

226

25391

18527

64113879

-4,574

-3,619-59

-176

-447-163-61

-35-14

683

611

-280-208

-89-72

-106-13

403

-539

-95-107

12(*)

-125-180

-34-10

-161

-331-29

17722

100

100

-47

3141

1-9

-9

-46

-2

244

1961

5,4185,290

3,49617

128219

27398

19532

73015377

-4, 193

-3, 298-57

-132

-442-155-65

-37-7

1,225

1,097

-390-262

-95-128-151-16

835

-453

-173-18

14-18

-15-135

-93-15

-703

-798-69

13826

109

109

178

-135

(*)

i13

29

192

-89

34

1962

5,3265,245

3,3221681

237

30211717241

762164112

-4,384

-3,458-76

-143

-477-109-73

-39-9

942

861

-374-293

-100-81

-176-17

568

-219

32-102

14-22

46-70

-85-32

-501

-621-59

16416

-175

-175

232

5-22

2

'(*)19

104

-79

203

95

1963

5,3865,331

3,2631755

264

34412416751

801174126

-4,528

-3, 513-79

-159

-532-88-84

-62-11

858

803

-453-398

-134-55

-244-20

405

-166

-69-35

18-1

-127-98

148-2

-379

-557-71

21534

-32

-32

637

-259

48

1-20

26

-29

627

-465

1964

6,0976,032

3,77917

*65283

36813417559

895199123

-4,660

-3, 556-82

-178

-559-91

-106

-79-9

1,437

1,372

p-438-373

-115p-65-236-22

999

-1,016

-143-201

13-2

-126-469

5-93

-248

-472-58

18894

-56

-56

526

,1718

126

-27

9

-16

367

-205

1965

6,1646, 105

3,74931

* 59276

40415917365

888236124

-4,861

-3, 701-83

-193

-600-49

-119

-106-10

1,303

1,244

p-504-445

-111*-59-309-25

799

-335

-171-37

10-4

-47-68

-4729

-331

-62573

20912

-17

-17

478

27-3

7

(<)-4

6

-3

448

-594

Line

12

3456

789

10

111213

14

151617

181920

2122

23

24

2526

27282930

31

32

33343536

3738

3940

41

4243

44.45

46

474849

50

515253

5455

5657

58

59

60

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

4. Includes areas not shown separately.


37



Table 8.—U.S. International Transactions

Line

12

3456

789

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60


Exports of goods and services _Excluding transfers under military grants

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

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


Other private assetsU.S. Government assets ..

Imports of goods and services

Merchandise, adjusted, excluding military _ _Military expendituresTransportation

TravelPrivate payments for other services - -U.S. Government payments for other services

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

U S Governme nt payments

Balance on goods and serviceis (lines 1 and 14)Excluding transfers under military grants (lines 2 and 14) ._

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

Private remittances - --Military grants of goods and services --Other U S Government grants - -U S. Government pensions and other transfers

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

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

Direct investments ^Foreign securities newly issued in the United StatesRedemptionsOther transactions in foreign securities

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

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

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

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

Repayments on credits:ScheduledNonscheduled

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

Gold 3 -Convertible currencies -- .;Gold tranche position in IMF 3

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


U S corporate securitiesLong-term liabilities reported by U.S. banks.—

Other liabilities reported by U.S. private residents other thanbanks:

Long-tern; -

Liabilities of U.S. Government, excluding marketable orconvertible securities:Associated with specific transactionsOther nonmarketable, nonconvertible, medium-term

securities.

U.S. Government marketable or convertible bonds and notes-Deposits and money market paper held in the Unite* States-

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

Other countries

Total

I960*

8,1357,355

5,26054

780480

6573

22867

96010365

-5,628

-3, 916-984-267

-241-21

-109

-47-43

2,5071,727

-2,283-1,503

-227-780

-1,199-77

224

-858

-154-106

33-49

-58-484

-2-38

-891

-571-450

130

150

150

426

737

(*)

420

7

19332

949

1961*

8,8638,146

5,78057

717510

7279

24975

1,07815195

-5,747

-3, 961-1,050

-260

-274-14

-118

-45-25

3,1162,399

-2,370-1,653

-233-717

-1,335-85

746

-1,525

-392-199

31-62

4-807

-53-47

-782

-801-163

1811

109

109

-r26

-156

(*)

C)57

22

-35-125

1,478

19624

9,7158,883

6,12163

832558

8110426993

1,260197137

-6,465

-4,560-1,060

-300

-307-18

-130

-56-34

3,2502,418

-2,521-1,689

-240-832

-1,366-83

729

-953

-431-238

57-39

-59-174

-41-28

-1,094

-1, 098-184

188

90

90

538

22-14

(•*)•

-3-36

1

-7575

690

1963

10, 68110,007

6,91471

674605

107122306110

1,352235185

-6,904

-4,894-1,049

-334

-322-17

-157

-91-40

3,7773,103

-2,426-1,752

-291-674

-1,376-85

1,351

-1,523

-591-250

35-33

-134-511

33-72

-1,344

-1,247-314

20215

24

24

585

-82711

2-15

345

2527

907

1964

11,96411,249

7, 79192

v 715659

122148324123

1, 460316214

-7,582

-5, 495-1,009

-369

-340-19

-186

-120-44

4,3823,667

*>-2,522-1,807

-297p-715

-1,423-87

1,860

-1,631

-586-123

4016

-245-689

8-52

-1,134

-1, 353-35

2504

3

41

731

-36-6

2

-348

11-1

10706

171

1965

12,88611,855

7,998222

9 1,031661

139186345138

1, 552382232

-8,954

-6, 511-1, 169

-433

-394-20

-216

-161-50

3,9322,901

p-2,750-1,719

-300"-1,031-1,321

-98

1,182

-1,383

-830-186

40-35

-282-46

-26-18

-1,326

-1, 432-198

28222

40

40

802

378

30

516

-3-1

4706

685

Japan

1961

2,1242, 124

1,76724

119

1310777

158012

-1,612

-1,054-385-91

-46-4-7

-6-19

512512

-27-27

-21

_2-4

485

-828

-29-61

2-11

-4-670

-30-25

-23

-644

37

-256

(*)32

9

(*)-297

622

1962

1,9511,951

1,54024

118

1314837

2511215

-1,938

-1,358-378-108

-50-6-7

-16-15

1313

-28-28

-21

-1-6

-15

-527

-54-101

4-23

-51-212

-57-33

-56

-983

39

535

25

(*)-15

(*)

(*)524

63

1963

2,2942,294

1,82025

127

2015889

2613331

-2, 118

-1,497-362-126

-52-5

-12

-40-24

176176

-32-32

-25

(*)

144

-839

-68-164

9-29

-155-431

35-36

-53

-93-21

61

250

-1111

3-28

-5

(*)289

498

1964

2,5252,525

1,97416

136

2518

1008

3118433

-2,370

-1,769-312-136

-54-6

-16

-53-24

155155

-29-29

-21

-1-7

126

-697

-78

18(*)

-136-482

1-20

50

-183

65

-1

I

200

-38

"i-4

7

1

(*)235

322

1965

2,6922,692

2,05131

148

2620

11312

5020932

-3,082

-2,427-323-154

-60-6

-14

-73-25

-390-390

-30-30

-22

(*)-8

-420

-12

-21-52

77

-1559

-912

62

-245

6714

292

33

2

C ) 4

1

4247

78

NOTE.—See footnotes on pp. 36 and 37.


June 1966

by Area—Annual 1960-65—Continued

SURVEY OF CURRENT BUSINESS 39

Other countries— Continued

Australia, New Zealand, andSouth Africa

1963

1,1751,175

84926

68

203657

(*)

98283

-837

-655-105-46

-13

-8

-6-3

338338

-14-14

-11

-3

324

-111

-108-17

15-10

29-12

-2-6

31

"-i1715

71

8,_ i

5

28

• w «-315

1964

1,5371,537

1,15640

73

234758

(*)

105332

-799

-601-103-55

-14-1

-15

-6

738738

-11-11

-8

-3

727

-159

-136

1512

-43-3

5-9

14

(*> i121

26

2(*)

« 13

5

6

-608

1965

1,7581,758

1,26196

69

2759671

139381

-804

-635-57-61

-20-1

-18

-8-4

954954

-13-13

-9

-4

941

-319

-171

16-38

-97-17

-1-11

-11

-64(*)

503

8

8

54

(>)-21

3-5

-32

%

-673

Other Western Hemisphere

1963

645645

372(*)

51

3512111

1558

(*)

-801

-518-90-21

-152-7-3

-10(*)

-156-156

-29-29

-19

-8-2

-185

-172

-167-1

1-1

8-12

-11

-6

-6(*)

(*)

14

16

(*)

(*)(*)

(•>.

<*> 7

349

1964

697697

4461

57

3613142

11612

(*)

-896

-593-93-26

-160-8-3

-13(*)

-199-199

-32-32

-23

-7-2

-231

-196

-125-7

1-11

-21-29

-1-3

-3

-3(*)

(*)

57

2-15

(*)

> 4

(*)

165

373

1965

764764

488(*)

61

4412102

12621

(*)

-1,019

-654-79-69

-190-8-4

-15(*)

-255-255

-44-44

-19

-22-3

-299

-53

-89

1-9

2714

-14

-4

-5-1

2

-2

4-11

28

(*)-3

(*)

2-22

358

Other countries in Asia andAfrica

1963

6,5675,893

3,87320

674369

3259

150100

1,07366

151

-3,148

-2, 224-492-141

-105-4

-134

-35-13

3,4192,745

-2,351-1,677

-236-674

-1,368-73

1,068

-401

-248-68

107

-16-56

1-31

-1,316

-1,148-292

124

24

24

250

2209

° 8

11

5

2193

375

1964

7,2056,490

4,21535

p 715393

3870

152113

1,20887

179

-3,517

-2, 532-501-152

-112-4

-152

-48-16

3,6882,973

p-2,450-1,735

-245*-715-1, 415

-75

1,238

-579

-247-116

615

-45-175

3-20

-1,195

-1,332-39

1733

4

4

448

-293

124

5-1

9400

84

1965

7,6726,641

4,19895

p 1,031383

4295

155123

1,237114199

-4,049

-2,795-710-149

-124-5

-180

-65-21

3,6232,592

p-2,663-1,632

-250p-1,031-1,299

-83

960

-999

-549-134

165

-197-102

-15-23

-1,373

-1,339-202

1635

32

32

458

(*)20-1

220

28i

-2392

922

International organizations and unallocated l

1960

268268

136

135

1358

(*)

439

-527

-34

-376

-57

-2-58

-259-259

-116-116

-2

-114

-375

-130

-12-97

19-40

(*)

(*)

-79

-74-7

2

175

-266

441

594

13

(*)

58

225298

-185

1961

281281

24

122

864

(*)

1746

-592

-38

-355

-136

-2-61

-311-311

-112-112

-2

-110

-423

13

-8-12

1815

(*)

(*)

-73

-62-14

3

-248

-113

-135

343

12

(*)

58

340-67

388

1962

302302

13

132

969

3247

-615

-58(*)-386

-100

-1-70

-313-313

-156-156

-2

-154

-469

-240

-74-84

16-98

(*)

(*)

-121

-121-2

2

684

58

626

227

16

(*)

36

-442617

-81

1963

311311

11

153

877

1943

(*)

-612

-69(*)-383

(*)-73

-16-71

-301-301

-146-146

-4

-142

-447

-70

-27

12-55

(*)

(*)

-77

-78-3

4

99

69

30

-58

221

(*)

56

330-467

553

1964

334334

1

169

685

27451

-692

-89(*)-415

(*U-16-78

-358-358

-145-145

-3

-141-1

-503

-54

-80-41811

(*)

1

-39

-6319

5

355

89

266

-209

181

(*)

45

-30835

450

1965

394394

(*)

175

1093

69461

-671

-118(*)-390

(t)-66

-25-72

-277-277

-91-91

-3

-88(*)

-368

-195

-43-179

29-2

(*)

(*)

4

(*)

4

249

343

-94

-68

21194

(*)

-97

-149-37

378

Line

12

3456

789

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

47...48

49

50

515253

5455

5657

5859

60


Table 8.—U.S. International Transactions by Area[Millions of dollars]

Line

12

3

4

5678

910

1112131415

1617181920

212223

24

25

262728

2930

31

32

3334

3536

3738

394041

4243

444546

47484950

515253

5455

56

57

58

59

60


Exports of goods and servicesExcluding transfers under mili-

tary grants.Merchandise, adjusted, excluding

military.Transfers under military sales con-

tracts.Transfers under military grants, net.TransportationTravel _ _ _ .Fees and royalties from direct in-

vestments.Other private servicesOther U.S. Government services. _ _Income on U.S. investments abroad:


Other private assetsU.S. Government assets.

Imports of goods and servicesMerchandise, adjusted, excluding

military.Military expendituresTransportationTravel _Private payments for other services.U.S. Government payments for

other services.Income on foreign investments in

the United States:Private payments 2

U S Government paymentsBalance on goods and services (lines

1 and 14).Excluding transfers under military

grants (lines 2 and 14).Unilateral transfers, net; transfers to

foreigners (— ).Excluding military grants .-

Private remittancesMilitary grants of goods and ser-

vices.Other U.S. Government grantsU.S. Government pensions and

other transfers.Balance on goods, services, and uni-

lateral transfers (lines 23 and 25, or24 and 26).

Transactions in U.S. private assets,net; increase in assets (— ).Direct investments 2_~Foreign securities newly issued in

the United States.RedemptionsOther transactions in foreign

securities.Claims reported by U.S. banks:

Long-termShort-term

Claims reported by U.S. residentsother than banks:

Long-termShort-term - __ _

Transactions in U.S. Governmentassets, excluding official reserveassets, net; increase in assets (-).Loans and other long-term assetsForeign currencies and other short-

term assets.Repayments on credits:

Scheduled - -Nonscheduled

Transactions in U.S. official reserveassets, net; increase in assets (— ).Gold 3

Convertible currencies .-- -Gold tranche position in IMF 3

Transactions in foreign assets in theUnited States, net; increase in for-eign assets (U.S. liabilities) (+).Direct investments 2

U S corporate securitiesLong-term liabilities reported by

U.S. banks.Other liabilities reported by U.S.

private residents other thanbanks:

Long-termShort-term

Liabilities of U.S. Government, ex-cluding marketable or convert-ible securities:

Associated with specific transac-tions.

Other nonmarketable, noncon-vertible, medium-term securi-ties.

U.S. Government marketable orconvertible bonds and notes.

Deposits and money market paperheld in the United States.

Errors and omissions and transfers offunds between foreign areas, net;(receipts by foreign areas (— )).

United Kingdom

1965

I

631631

349

6

521029

323

134133

-504-273

-45-84-18-38-3

-38—5127

127

-10

-10—6

—4

117

20

-68

-8110

21-35

4

4

-40

76-116

277

1

-25

313

-378

II

644644

417

14

621833

344

37187

-635-338

-36-122-42-38-3

-48—8

9

9

-11

-11—7

-4

-2

-60

-122

7

3-23

47115

10

e

-70

-30-40

59

-77-230-31

16

(*)

95

291

58

III

621621

386

16

652133

363

42154

-668-365

-40-112-60-38-4

-36-13-47

-47

-13

-13—9

-4

-60

-163

-34-68

10

4-59

<?»4

4

'(*)

-544

-132-412

359

50-228-20

35

46

473

404

IV

740740

474

20

641345

363

501718

-706-434

-32-92-22-38-2

-70-16

34

34

-13

-13—9

-4

21

-52

-100-12

—7

^72

1~1

5

211

38173

-252

-26-60

49

10I

12

(*)

-248

69

1966

I P

756756

465

11

611130

353

118202

-640-379

-46-94-22-39-3

-41-16116

116

-11

-11—7

—4

105

-136

-74

-6

117

4~7*—2

t

365

19346

501

i-62

168

13

11

510

-833

Other Western Europe

1965

I

2,3522,205

1,537

136

"1471841853

7715

986324

-1,794-976

-314-210-72-28-29

-100-65558

411

v— 232

-85—40

*>-147

-13-32

326

-651

-477-9

416

-140-62

22-40

-10946

22

809

72683

-905

2422

(\

46

21

-1,033

461

II

3,0452,824

1,965

137

"2212403655

7515

2066629

-2,370-1,283

-326-337-203-27-27

-107-60675

454

"-376

-15541

"-221

-23-91

299

-92

-291

942

11449

4-17-79

-15931

49

329

364-35

-395

26—64

9

44

111

-511

-62

III

2,5092,422

1,711

106

"872433556

7215

916132

-2,300-1,177

-332-311-275-24-26

-98-57209

122

"-179

-92—41

"-87

-14-37

30

33

-93

744

6214

141

-875

44179207

214

-118

-1(

12

(*)

125

-231

-293

IV

2,8652,782

2,069

96

"83239

2765

7515

1026430

-2,255-1,342

-331-246-103-24-28

-120—61610

527

"-191

-108—48

"-83

-26-34

419

-247

-247—4

158

72-60

-1-30

11

-8138

47

51

438

420

— 1160

-24

14

142

-69

312

-654

1966

I"

n.a.2,765

2,054

124

n.a.229

2255

8015

1016025

-2,306-1,380

-359-253-78-27-26

-120-63n.a.

459

n.a.

-91—42n.a.

-14-35

368

-107

-156

526

9813

-11-82-67

—11410

361

28

155-127

-743

9811

8

26

-53

-370

-447

521

Eastern Europe

1965

I

3131

26

(*)

1

3(*)

1-34-30

(*)-2

(*)(*i2

(*)

-3

-3

-4

4—2

-1-1

-7

-2

(*)

2— 3

(*)-]

1

c

A

4

(*)

(*)

4

II

4848

42

(*)

2

3(*)

(*)1

-39-33

-1-2-1

(*)-2

(*)(*)

9

9

-5

-5_2

-2-1

4

-1

(*)

2_P

(*)^3

e

1

-3

(*)

-1

(*)

(*)

—

III

3838

25

(*)

2

31

16

-44-33

(*)-1-8

(*)—2

(*)(*)

-6

-5

-52

-1

-11

-3

3e

(*)

8

(*)

8

6

(*)

(*)

(*)

6

IV

5959

54

(*)

1

3(*)

1(*)-48-42

(*)-2-2

(*)— 2

(*)(*)

11

11

-4

-4

-1-1

7

(*)

11

8i

(*)

1

6

(*)

(*)

(*)

(*)

5

-16

1966

I"

6262

56

1

(*)3

11

-45-40

(>)-2-1

(*)

(*)

(*)

17

— L

_1

13

— 1

1

6

^

-5

-13

Canada

1965

I

1,6391,639

1,181

11

3010540

231

145103

(*)-1,270-1, 055

-42-32-50-17-3

-54-17369

369

— 7

-7/*\

—7

362

-62

-241-98

3746

-3722

—13222

1

1

-25

. -25

-311

6314

6-2

26

45

-463

35

II

1,9801,980

1,442

29

3814540

222

142120

-1,519-1,211

-48-38

-130-15-4

-56-17461

461

-9

-9

452

34

-146-235

2489

8174

-6126—4

—4

19

19

-157

-5330

-27

-13/*\

-8

-118

-344

III

1,8101,810

1,295

13

4015150

242

135100

-1,736-1, 233

-43-43

-325-14-3

-57-18

74

74

-9

-9

-8

65

-236

-185-195

17-2

1129

-22211

1

6

6

379

-18-6

(*)

13

-5

-9

413

-215

IV

2,1652,165

1,556

7

409055

232

270122

-1,628-1,333

-39-41-95-14

-82-19537

537m

-9

528

-297

-323-181

3014

985

-3722

2

—3

— 2

-272

29

(*) 5

-413

-31

(*\

-42

-242

42

1966

I P

1,9811,981

1,470

12

3612045

231

158116

-1,521-1,299

-40-33-55-14-4

-56-20460

460

-8

-8

452

-531

-210-413

80-11

1622

-2712

-3

-97

-100

-182

1521

—424

21

7

-266

361

NOTE.—See footnotes on pp. 36 and 37.

40


—Quarterly, 1965 and 1st Quarter 1966[Millions of dollars]

Latin American Republics and otherWestern Hemisphere

1965

I

1,5001,483

879t

738535

4418

2636123

-1,425-1, 027

-42-61

-220—16-28

-28

75

58

"-118

-101-32

-61

-43

-126

-73-5

2-2

-13140

-548

-111

-18621

* 54

8

167

3-5

-5

4

181

105

II

1,8081,787

1,113

8

8611436

4616

2646836

-1,481-1, 124

-40-69

-180—13-25

-28

327

306

p-160

-139-33

-100

167

7

-90-11

1-3

8023

—411

-64

-14715

644

-58

-58

65

21

63

11

-2

-17

-117

III

1,7031,696

1,040

v 787

13046

4615

2396028

-1,424-1,039

-41-65

-198—14-34

-31

279

272

p-152

-145-31

-106

127

54

21-6

2-2

435

6-6

-42

-11223

4344

4

15

7-7

-29

-1-4

(*)

49

-158

IV

1,9171,903

1,205

16

9111954

4718

2486837

-1,550-1, 165

-39-67

-192

-36

-34

367

353

-104-34

-64

249

-323

-118-15

6-6

27-152

-45-20

-118

-18513

504

29

29

229

19-3

3

1-1

(*)

-3

213

-66

1966

I

n.a.1,731

1, 114

5

n.a.889238

4617

2406724

-1,625-1,206

-39-62

-232—13-34

-35

n.a.

106

n.a.

-115-32n.a.

-74

—9

n-45-18

93

3392

-15610

6521

1

53

61242

15

-9

2

-6

-39

Japan

1965

I

641641

487

6

3444

28£

115510

-622-481

-72-35-8

-4

-14

19

19

-8-6

(*)

11

-97

-16

23

-42-51

8-118

-3-12

258

103

-7

10

4

96

-35

II

667667

495

17

3986

28

1352

-76T-603

-80-39-16

—4

-18

-100

-100

-5

(*)

-107

-45

8-35

12

-7-19

-49

14

-410

71

-9

1111

-11

(*)

-20

147

III

661661

500

4

3885

286

11529

-858-695

-76-40-19

o

-3

-18e

-197

-197

-5

-(*)

-204

131

-8

42

8125

-44

24

-75

26

110

5

8.

3

(*)

104

-61

IV

72a723

569

4

3765

292

15506

-835-648

-95-40-17

-23

-112

-112

-8-6

0-120

-1

-5—17

8264

*~9

-102

95

88

18(*)(*)

4

-1

(*)

67

27

1966

I

682682

529

5

35E

e

292

10539

-821-644

-92-44-9

-3

-20

-139

-139

—7-5

o

-146

-20

—7

11-15

1-13

4

-18-2

24

56

56

-59

-51

(*)

-5

-2

(*)

-48

165

Australia, New Zealand, andSouth Africa

1965

I

380380

274

9

154

13

17(*)

3981

-178-137

-13-15-6

-3

-2

202

202

-3-2

199

-90

-63

33

-368

-2-3

4

(*)

4

14

(*)

(*)6

-4

(*)

13

-127

II

467467

352

8

188

12

18(*)

4110

(*)-190-144

-17-16

-2

277

277

-3-2

274

-116

-80

4-19

-2-10

-1-8

2

~~(*T2

39

1

13

(*)

23

-199

III

498498

366

43

199

14

16(*)

238

(*)-222-180

-15-15-5

-2

276

276

-3-2

273

-62

-22

41

-38-10

-143

-32(*)

35

8

8

-43

(*)(*)

4-11

5

-179

IV

413413

269

36

176

20

161

3612

(*)-214-174

-12-15-5

-2i199

199

-4-3

195

-51

-6

5-23

-21-5

3-4

-20

-32

93

44

1

-1-3

(*)

(*)

48

-168

1966

I

361361

273

4

203

15

17(*)

209

(*)-212-171

-11-16

— 7(*)-4

—2

149

149

-3— 2

146

-90

-45

3-8

-32-8

2

(*)

2

17

2

-2

(*)

17

-75

Other countries in Asia and Africa

1965

I

1,7121,504

882

30

*>208846

27

3929

3352943

-849-597

-136-33-24

-39

-14

863

655

-430-65

-347

225

-326

-178-30

3—2

-69-41

2-11

-221

-35087

4111

1

221

-2

(*)

-5

(*)

225

100

II

2,2861,863

1,206

16

*>4231071120

3832

3522655

-1,025-721

-153-42-43

-45

-15K

.1,261

838

-433-61

p-423

-351

405

-309

-259-46

47

g

-13

1-6

-469

-379-128

38

24

24

42

1?

(*)

(*)

O

39

307

III

1,7671,589

1,008

12

921618

3931

3003142

-1,069-736

-198-37-29

-46

-17

698

520

-370-60

-288

150

-180

-111-16

4-4

-8531

-1

-366

-262-154

* 5°

9

70

-2115

38

34

-2

13

317

IV

1,9071,685

1,102

37

10(9

30

3931

2502859

-1, 106-741

-223-37-28

-50

-19

801

579

-399-64

p-222

-313

180

-184

-1-42

t

-46-79

-17-8

-317

-348

344

— 2

-2

125

25

-4

•i10

-1

-1

(*)

115

198

1966

I

n.a1,695

1,072

33

n.a.96

30

3833

3033251

-1,133-747

-250-36-26

-47

-19

n.a.

562

n.a.

-591-66n.a

-502

-29

-23

—23-24

9f

-81

-165

-28371

47(*)

34

34

194

155

i12

14

(*)

149

-11

International organizations andunallocated 1

1965

I

8383

(*)

35

23(*)

1112

-133-21

-87

(*)

-5

-50

-50

-15

-15(*)

(*)

-65

-203

-32-160

_ii

(*)

(*)

(*)

289

21

6898

177

(*)

-21

-106

46

79

II

88

(*)

46

23

I

-157-31

.(*)-101

— (

-70

-70

-34

-34(*)

-34(*)

-104

58

44

8.(*)

(*)

(*)

-176

290

2 -4662<

*

(*)

-16

(*)

-20

251

III

99

4

23

15

-200-29

-98

-49

-107

-107

-22

-22

-2(*)

-129

13-19

(*)

(*)

(*)

35

21

330-64

(*)

(*)

-42

-4

-23

-162

IV

1313

(*)

4

'2

410

-18-37

-104

-15

-50

-50

-20

-18

-7

-52

-68

12

(*)(*)

(*)

-15

11

— 2i

ii

(*)

-18

-39

-40

210

1966

I

99

(*)

4

2

1

-17'-34

-103

(*)

-79

-79

-2

-2(*)

-24

-10

13

12

(*)(*)

37

-97

134117

— -

-56

-196

296

-66

Line

12

3

4

5678

910

1112131415

1617181920

212223

24

25

262728

2930

31

32

3334

3536

3738

394041

4243

444546

47484950

515253

5455

56

57

58

59

60

41


42 SUKVEY OF CUEEENT BUSINESS June

Table 9.—Changes in Reported Foreign Gold Reserves and Liquid Dollar Holdings Through Known Transactions With the United Statesand Through Other Transactions, by Area 1—Annual, 1963-65; Quarterly, 1965 and First Quarter 1966


Line 1963 19641965

Total II III IV

1966

IP

All areas:

Total increase :Through known transactions with the United States. _Through other transactions ._

Western Europe, including United Kingdom:

Total increase .Through known transaction with the United States._Through other transactions

United Kingdom:

Total increase __•Through known transactions with the United States..Through other transactions

Eastern Europe:

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

Canada:

13 Total increase i _ _ _.-..14 Through known transactions with the United States.__.15 Through other transactions.. .

Latin American Republics and other Western Hemisphere:

16 Total increase17 Through known transactions with the United States_..18 Through other transactions

Japan:

19 Total increase20 Through known transactions with the United States.--21 Through other transactions

Australia, New Zealand, and South Africa:

Total increase....23 Through known transactions with the United States._ _24 Through other transactions ..

Other countries in Asia and Africa:

25 Total increase .Through known transactions with the United States.__

27 Through other transactions - _ _ _ - _ _ _

International organizations and unallocated:

28 Total increase .29 Through known transactions with the United States2.30 Through other transactions

3,5082,601

907

2,038-10

2,048

-247-68

-179

4-29

170281

-111

594457137

787

187-277

464

216594

-378

10446

3,5512,709

842

2,449400

2,049

-91-75-16

-4-215

211

20790

117

529-149

249556

-307

-32-602

570

442497

-55

-140443

-583

1,3311,237

94

1,176133

1,043

70267824

-302-909

607

343172171

275329

-54

-64-576

512

4801,344

-590323

-913

-66164

-230

-168146

-314

165-112

277

-425-408-17

188298

-110

1006535

-60-114

54

"277326

-49

-232-220-12

779123

46137487

-2

-451

-85-194

109

3127

-124

-17677

77370

24-867

973977-4

74187

-113

20379

-359

433195

47-105

152

1044361

130

9337

133203

656316340

491-323

814

5-11

16

-248-245-3

19317320

94-26

131-120

251

117311

-194

-10179

-180

43544

391

-113-215

102

n.a.53

n.a.

-5-18

13

-3215

-326

-16-42

26

173-221

112-58170

103172

72337

v Preliminary1. Total increase represents changes in reported gold reserves of foreign central banks and

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

Changes through known transactions with the United States represents for each of the separateareas shown the sum (with sign reversed) of table 1, lines 23, 25, 32, 41, and 51-57. For "Allareas" line 60 is added, and for "All areas" and "International organizations and unallocated"line 23 is adjusted to exclude net sales or net purchases (—) of gold by U.S. private residentsto the U.S. monetary gold stock. These were (in millions of dollars): 1964: year, -89; I, -19;II, -22; III, -21; IV, -27; 1965: year, -118; I, -21; II, -31; III, -29; IV, -37; 1966:1, -34.

Changes through other transactions equals "Total increase" less "Changes through knowntransactions with the United States." For "All areas" this difference represents knownacquisitions (+) of sales (—) of gold by foreign central banks and governments outside theUnited States. These net acquisitions equal the excess of new gold production abroad plussales by the Soviet bloc less net gold purchases by others. For each of the separate areasshown the difference reflects net gold and dollar receipts (-}-) or payments (—) resulting fromtheir transactions with countries other than the United States, and from'unrecorded trans-actions with the United States.

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



June 1966

Foreign Travel Payments(Continued from page 17)

2,386,000 in 1965, while the number ofpersons traveling by sea declined by 14percent to 237,000.

After a sharp drop in 1964, cruisetravel increased to 300,000 last year.Foreign-flag carriers continued to domi-nate the cruise trade, carrying almost270,000 U.S. residents, as comparedwith about 260,000 in 1964. U.S.-flagships carried about 32,000 cruise trav-elers, nearly 10 percent of the total butabout 12 percent fewer than in 1964.

Foreign visitors spend more here

Visitors from foreign countries spent$1.4 billion for travel in the UnitedStates in 1965. This total includes$165 million paid by foreign visitors toU.S. sea and air carriers for transporta-tion to and from the United States.Travelers from Canada and Mexico ac-counted for about 60 percent of the $1.2billion spent in the United States byforeign visitors.

Canadian visitors spent a record $490million here last year, surpassing their1960 expenditures for the first time.Expenditures by Mexican visitors, atabout $265 million, were 6 percenthigher than in 1964. Mexicans visitingonly the U.S.-Mexico border area

SURVEY OF CUEEENT BUSINESS

increased their outlays slightly, whilethose visiting points in the interior ofthe United States spent about $85 mil-lion, almost 20 percent above the pre-vious year. Border receipts made up68 percent of total receipts from Mexi-can visitors last year, as compared with72 percent in 1964. Eelaxation ofU.S. immigration regulations in the latesummer of last year may have contrib-uted to the greater tendency to travelbeyond the immediate border region.

Record number of oversea visitorsarrives here

In contrast to 1964, expenditures ofvisitors from overseas increased rela-tively more than their number. A 10-percent increase in the number of over-sea visitors to 1,204,000 resulted in U.S.receipts of almost $460 million, 15 per-cent more than in 1964. In 1964, a30-percent increase in oversea visitorsbrought a 20-percent increase in theiroutlays here. One reason that outlaysrose relatively more than the numberof visitors last year is that the sharpestrise in numbers occurred among businesstravelers (table 8). Business travelers,especially those from Europe and theMediterranean area, tend to spend moreper trip (and per day) in this countrythan pleasure travelers. Business trav-

43

elers from Europe numbered 112,000,one-fifth more than in the year before,and business travelers from LatinAmerica were more numerous by 19percent.

Of 584,000 visitors from Europe andthe Mediterranean, about 68 percentcame on pleasure trips; the proportionof pleasure travelers was slightly smallerthan in 1964. Total expenditures hereby Europeans amounted to about $185million, an increase of 16 percent.British visitors spent $62 million herelast year, one-third of the area total.

Visitors from South and CentralAmerica and the West Indies, thoughfewer in number than European visi-tors, spent an equal amount, $185 mil-lion, for their travel expenses in theUnited States. This was 18 percentmore than the $151 million spent in1964. Visitors from the DominicanEepublic were less numerous last year,about 13 percent below the 53,000 in1964. Their visits are often restrictedto neighboring Puerto Eico and theirexpenditures are relatively small.

About 170,000 visitors came fromother oversea areas and spent nearly$90 million. Those from Japan spent$26 million here last year, as comparedwith $25 million in 1964.

flew or Revited STATISTICAL SERIES

Production of Electric Energy in 1964: Revised Data for Page S-26[Millions of kilowatt-hours]

Month

January _ _ _FebruaryMarchApril _ _ __ _MavJune

July __.AugustSeptember _ _ __OctoberNovemberDecember

Year _ _

Total

91, Oil84, 97888,40084, 90787, 75291,023

96, 16495,40689, 89789,70488, 31596, 184

1,083,741

Electric utilities

Total

82, 67377, 02479, 94676, 70179, 33882, 660

87, 99187, 02681, 76481, 19580, 04587, 267

983,990

By source

By fuels

68, 08663, 13563,92160, 32663, 38868, 614

73,61873, 02668, 59867, 05865, 80971,336

806, 917

By water-power

14, 58613, 88916, 02516, 37515, 95014, 046

14, 37314, 00013, 16614, 13714, 23616, 291

177, 073

By type of producer

Privatelyand

municipallyownedutilities

67, 24962, 35164,85462,44364, 52768, 223

72,91771, 82967, 65666, 85065, 77771, 770

806,446

Otherproducers(publiclyowned)

15, 42414, 67315, 09214, 25814, 81214, 437

15,07515, 19714, 10814, 34514, 26815, 857

177, 544

Industrial establishments

Total

8,3397,9548,4548, 2068,4148,363

8,1738,3808, 1338, 5098,2708,557

99, 751

By source

By fuels

8,0447, 6618,1357,8728,1048,115

7,9468,1587,9098,2568,0408,283

96, 523

By water-power

295293319334310

' 248

227222223253230274

3, 228

Source: Federal Power Commission.


44 SUEVEY OF CUEEENT BUSINESS

Money Supply and Related Data, 1959-64: Revised Data for Page S-19[Billions of dollars]

June 1966

Year and month

1959:JanuaryFebruaryMarch _ _ _ _ _ _ _ _ _AprilMavJune _ _ _JulyAugustSeptember _October -. _ _NovemberDecember _ -_

Annual1960:

January _ _ _ _ _ _FebruaryMatch _AprilMayJune __ __July _ _ —AugustSeptember _October _ _ _NovemberDecember _ __

Annual1961:

January _ _February _MarchAprilMay •June _JulvAugustSeptemberOctoberNovemberDecember - _ _

Annual1962:

January _February _ _MarchAprilMayJuneJulyAugust - _ _ _ _ _ _September _ _ _October _ _ _November _ _ _ _ _ _ _ _D ecpmber

Annual1963:

January . _ _ _February _ _March. __ _ _ ^ _AprilMavJune -JulyAugust _ _ _ _SeptemberOctober __ _ _ _ _ _ _ _ _ _November --December

Annual1964:

JanuaryFebruary _ _ _March _ _ _AprilMavJune _July __AugustSeptemberOctoberNovember __ _ _December. _.

Annual

Deposits and currrency (average of daily figures)

Money supply

TotalCurrencyoutsidebanks

Demanddeposits

Timedeposits

adjusted *

U.S. Gov-ernmentdemanddeposits i

(Unadjusted for seasonal variation)

144.9142.0141.3142.3141.2141.9142. 7142.2142.7143. 0144.0145.6142.8

145.0141.2139.7140.7138.4138.6139.1139.6140.5141.3142. 1144.7140.9

144.5141.6140.8142.5140. 8141.3141.6141. 6143.1144. 5146.3149.4143.2

149.0145.6144.8146.8144.1144.4144.6144.0145. 0146. 5148.2151.6146.2

151.8148.4147.6149. 8147.5148.3149. 5149.2150. 6152.5154.8157. 3150.6

157.7153.7152.9154.9152.2153.4155.0155.0157.1159. 0160.6164.0156. 3

28.628.428.528.528.728.929.129.129.129. 029.229.528.9

28.928.628.728.828.828.929.129.129.129.129.329.629.0

28.828.628.628.728.728.929.229.229.329.429.730.229. 1

29.529.329. 529.729.730.030.330.330.330.430.831.230.1

30.530.530.730.931.031.431.831.932.032,132.633.131.5

32.432.332.632.833.133.433.733,933.934.134.635.033.5

116.3113.6112.8113.8112.5113.0113.5113.0113.6113.9114.8116.1113.9

116.1112.6111.0111.9109.6109.7109. 9110.5111.4112.2112.8115. 2111.9

115.6113. 0112.2113.8112.1112.4112.4112.4113.8115.1116.6119. 2114.1

119.4116.3115.3117.1114.4114.4114.3113.7114.6116.2117.5120.3116.1

121.2117.9116.9118. 9116.5116.9117. 7117.3118.6120.4122.1124. 1119. 0

125. 3121.3120.2122.2119. 2120.0121.3121.1123.2124. 9126.1129.1122.8

65.665.866.266.767.067.467.567.467.567.466.866.666.8

66.866.667.067.567.868.369.170.070.771.471.572.169.1

73.274.675.576.577.778.679.580.280.981.581.581.878.5

83.685.687.789.290.091.192.292.993. 895. 095.596.791.1

98.6100.1101.9103.1104.3105.2106.2107.5108.3109.5110.2111. 0105. 5

113.0114.5115. 7116.7118. 0119.1120. 0121.1122. 0123.4124.1125.2119.4

3.24.33.74.65.24.04.95.15.24.94.74.94.6

4.14.14.33. 66.46.36.76.15.45.65.84.75.3

4.14.84.72.84.74.54.35.55.26.45.84.94.8

3.84.75.03.87.07.27.06.87.27.36.05.65.9

4.85.76.04.27.17.57.86.36.65.34.45.15.9

4.14.86.04.26.87.66.96.36.55.55.85.55.8

Money supply

TotalCurrencyoutsidebanks

Demanddeposits

Timedepositsadjusted 1

(Adjusted for seasonal variation)

141. 6142. 0142.5142.7143.2143.4144.1143.6143.3142.9142. 7141.9

141.7141.3140.9140. 8140.3140.1140.4140.9141. 1141.1140. 8141.1

141. 2141.8142.0142. 3142. 7143. 0143.0143.3143.9144. 3145. 0145. 5

145. 5145.8146.0146.5146.1146.2146.1146.0145.8146.4146. 9147.5

148. 0148. 6148.8149.3149.7150.2151.0151. 3151. 6152.3153.2153. 1

153. 6153.8154. 1154. 5154.5155. 5156.6157.1158.2158. 8

' 159.1159. 7

28.628.728.828.829.029.029.029.129. 029.028.928.9

29.029.029.029.029.029. 029.029.029.029.029.028. 9

29. 029.028.928.928.928.929.029.129.229.329.429.6

29.629.729.830. 030.030.130.130.230.330.330.530.6

30.730. 931.031.231.331.531.631.831.932.032.332.5

32.632.832.933.033.333.433.633.833.934.034.234. 2

112.9113.2113.7113.9114.2114.3115.1114.5114.3113.9113.8113. 1

112.7112.4111.9111.8111.3111.1111.5112.0112.1112.1111.8112.1

112.3112.8113.1113.4113.8114.0114. 0114. 3114.7115.0115.5116.0

115. 8116.1116.2116. 5116.1116.1115. 9115. 8115.6116.0116.4116. 9

117. 4117. 7117.8118.2118.4118. 8119. 4119.5119.7120.3120.9120. 6

121. 0121. 1121. 2.121.4121.2122.1123.0123. 3124. 3124. 8124.8125.4

66.066.066.266.566.667.067.167.267.367.367.367.4

67.266.967.067.367.467.968.769.770.571.372.172.9

73. 674.975.576.277.278.179.179.980.781.582.282.7

84.186.0

• 87.688. 889.590.691.792.693.795.096.297.8

99.1100.3101.6102.7103. 6104.6105.7107.3108. 4109. 6111. 1112.2

113.5114. 6115.3116.2117.3118.5119.4121. 0122.1123. 5125.1126.6

* At all commercial banks.SOURCE: Board of Governors of the Federal Keserve System,

U.S. GOVERNMENT PRINTING OFFICE : 1966 0—217-518


CURRENT BUSINESS STATISTICS

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

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

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

1963 1964 1965

Annual total

1963

I II III IV

1964

I II III | IV

1965

I II III IV

1966

I

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series

NATIONAL INCOME AND PRODUCT

Gross national product, total bil. $

Personal consumption expenditures, total _ do

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

Nondurable goods, total 9 _ — doClothing and shoes __ _ _ _ _ do _Food and beverages doGasoline and oil__ do

Services, total 9 doHousehold operation _ _ _ _ _ _ d oHousing doTransportation do

Gross private domestic investment, totaL____do

Fixed investment _ _ doNonresidential _ _ ; _ _ _ do __

Structures doProducers' durable equipment do

Residential structures. _ _ _ _ _ do_Nonfarm do

Change in business inventories doNonfarm. _ _ _ _ do

Net exports of goods and services doExports. _ doImports do

Govt. purchases of goods and services, total__doFederal do

National defense _ _ doState and local do

By major type of product:Final sales, total ___ __ _ _ • • _ do

Goods, total _ _ _ _ _ _ d oDurable goods doNondurable goods do

Services _ _ _. doStructures _ do

Inventory change, total doDurable goods doNondurable goods do

GNP in constant (1958) dollars

Gross national product, total _ • . bil. $

Personal consumption expenditures, total do

Durable goods _ _ _ doNondurable goods _ _ J _ doServices do

Gross private domestic investment, total do

Fixed in vestment __ _ doNonresidential _ _ _ _ d oResidential structures _ _ _ d o _

Ch ange in business inventories do

Net exports of goods and services do _

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

589.2

373.8

53.424.321.9

168. 030.588.213.5

152.323.155 511.4

86.9

81.254.319.734.626.926. 35.74.9

5.932.426 4

122.664.450.858 3

583.5291.1113.1178 1226. 965.5

5.72.82.9

550. 0

352.4

53.2161.8137 3

82.3

76.651.924.75.7

5.6

109.859 750.0

628 7

398.9

58.725.824.7

177. 533.392.314.0

162.624.459 511.7

92.9

88.160.521 139.427. 527 04.85.4

8.637.028 5

128. 465.349.963 1

623.9311.3122.8188 4244.068 6

4.83.31.5

577. 6

372.1

58.5169.4144 2

86.3

81.757.124.64.6

8.5

110.757 852.8

676 3

428 7

65 030 026.0

189 035.198.414 7

174 725.864 712 2

105. 7

97.469.824 345.527.697 18.27.9

7.139.031 9

134.866.649.968.2

668.1333.4133.5199.9261.073.7

8.26.12.1

609.6

394.2

65.6177.1151.5

96.8

88.865.023.97.9

6.0

112.757 155.6

577.0

368.0

52.223.621.4

166.630.387.513.3

149.222.854 511.3

82.6

78.152.119.033.126.025 44.5O 0

4.530.025 6

121.965.451.556.5

572. 5287.2109.8177.4222. 163.2

4.52.02.5

541.2

348.3

52.0161.0135.3

78. 7

74.250.024.24.4

4.0

110.361 349.1

583. 1

371.1

52.623.921.4

167.430.288.113.4

151. 122.855 311.4

84.8

80.153.419.234.226.726.14.74.2

6.232.426 2

120.963.650.557 4

578.4289. 2112.0177.2225. 164.1

4.73.41.4

544.9

350.0

52.3161.2136.5

80.5

75.851.224.64.6

5.8

108.759 249.5

593. 1

376.6

54.124.622.1

169.231.188.513.5

153. 323. 555 711.4

87.9

82.155.120.035.126.926.45.85.2

5.732.626 9

123.064.251.058.8

587.3292.9114.3178.6228.266.2

5.82.33.5

553. 7

355.1

54. 1163.0138.0

83.0

77.252.624.65.8

5.5

110.059 750.3

603 6

379.5

54 924.922.7

168.930.688:713.7

155. 723.356 511.5

92.4

84.356.520 536.027.927 38 16.9

7.334.427 1

124. 364 450.359 9

595.5295 3116.2179 1232.168 0

8. 13.84 3

560. 0

356.4

54.7162.1139 6

86.9

79.053.725.37.9

7.1

109.658 750.8

614 0

389.1

57.425.523.9

173. 732.390.614.0

158. 023.657 511.7

89.7

86.558.120.737.528.427 83.33.6

8.836.327 5

126.365.049.861 3

610.7304 9120. 1184 9237.368.5

3.32.21.1

567.1

364.5

57.0166.4141.1

83.8

80.755.125.73.0

9.0

109.958.251.7

624 2

396.0

59.125.725.1

175.733.291.313.9

161. 224.458 811.7

90.9

86.858.921. 137.927.927 34.15.1

7.736.028 2

129.767.051.762.7

620.1308. 3121.6186 8242.869 0

4.13.5.6

575. '9

369.8

58.7167.8143.3

85.2

80. 755.725.04.5

8.1

112.859 952.9

634. 8

404.6

60.527.125.0

179.833.893.314.0

164.324.860 111.8

92.6

88.861.621.140.527.226.63.84.6

8.837.328 5

128.764.949.563 8

631.0316.0125.4190.6246.468.6

3.82.71. 1

582.6

377.3

60.2171.6145.5

86.0

82.258.124.13.8

8.7

110.557.153.4

641.1

405.9

57.924.824.8

180.934.094.114.2

167. 124.861 411.9

97.7

90.263.521.542.026.726.27.57.8

8.938.429 5

128.664.348.864.3

633.6315. 8124.3191.5249.768. 1

7.54.43.1

584.7

376. 8

57.9171.8147.1

90.2

83.159.623.67.1

8.3

109.456.153.3

657 6

416.9

64.630.325.5

182.834.394.814.2

169.524.962.711.9

103.4

94.666.923.243.727.727.18.89.2

6.034.728.6

131.364.948.866.4

648.8322.8130. 1192.8253.872. 1

8J87.11.6

597.7

386.1

64.5173.2148. 4

95.4

86.862.524.38.6

5.1

111.256.454.8

668. 8

424.5

63.529.325.4

187.935.097.314.7

173.125.564.012.1

102. 8

96.468.424.543.928.027.56.46.6

8.040.432.4

133.565.749.267.8

662.4329.1130.3198.7259. 074.2

6.46.2.2

603. 5

390.5

63.4176.4150.7

94.2

88.163.724.46.2

6.6

112.156.855.3

681. 5

432.5

65.430.326.0

190.535.299.314.8

176.726.365.312.3

106.2

98.670.924.246.727.727.17.67.0

7.440.132.7

135.466.549.868.9

673.9337.1135.4201.7263.073.9

7.66.51.0

613.0

396.9

66.4177.8152. 7

96.9

89.766.023.77.2

6.2

113.057.056.0

697.2

441.0

66.430.127.3

195.035.9

102.215.0

179. 626.666.712.5

110.3

100.273.025.447.627.226.710.18.9

6.940.833.9

139. 069.252.069.8

687.1344.6138.0206.5268. 0

74.5

10.14.45.7

624.4

403. 3

67.9181.0154.4

100.5

90.767.623.19.8

6.2

114.358.256.2

713.9

451. 8

68.731.328.0

200.137.7

103.815.5

183.027.068.012.7

•111.7

103.675.526.948.528.227.68.17.4

6.441.735.3

144.072.555.071.5

705.8354.6142.5212.0273.8

• 77.4

8.15.03.1

633. 6

409.9

70.7182.9156.3

100.9

93.169.323.87.7

5.7

117. 160.256.8

r Revised. * Preliminary. 9 Includes data not shown separately.

217-518 O-66-4 s-l


S-2 SUKVEY OF CUKKENT BUSINESS June 1966


1963 1964 1965

Annual total

1963

III IV

1964

I II III IV

1965

I II III IV

1966

I II III

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

C ompensation of employees total doWages and salaries, total do

Private - - doMilitary doGovernment civilian do

Supplements to wages and salaries doProprietors' income total 9 do

Business and professional 9 doFarm do

Rental income of persons doCorporate profits and inventory valuation adjust-

ment total foil $By broad industry groups:

Financial institutions doNonfinancial corporations, total -_do__-_

Manufacturing total doNondurable goods industries do

Transportation, communication, and publicutilities bil. $

All other industries doCorporate profits before tax total do

Corporate profits tax liability doCorporate profits after tax do

Dividends do

Inventory valuation adjustment doNet interest doDISPOSITION OF PERSONAL INCOME

Quarterly Data Seasonally Adjusted at Annual RatesPersonal income total bil $Less* Personal tax and nontax payments doEquals: Disposable personal income _ _ __doLess: Personal outlays© doEquals* Personal saving§ do

NEW PLANT AND EQUIPMENTEXPENDITURES

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

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

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

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

Manufacturing doDurable goods industries doNondurable goods industries __ _ _ _ do _

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

U.S. BALANCE OF INTERNATIONALPAYMENTS^

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

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

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

Imports of goods and services doMerchandise adjusted excl military doMilitary expenditures doIncome on foreign investments in the U.S__do___ .Other services . do

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

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

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

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

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

Liquid assets doOther assets do

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

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

Balance on official reserve transactions basis — in-crease in U.S. official reserve assets and decrease inliquid and certain nonliquid liabilities to foreignofficial agencies' decrease ( — ) mil $' Revised. * Preliminary.1 Estimates for Apr.- June 1966 based on anticipa2 Estimates for July-Sept. 1966 based on antici

Anticipated expenditures for the year 1966 are as foliofacturing, total, 27.02; durable goods industries, Hmining, 1.42; railroad, 2.05; transportation, 3.49; pu(incl. communication), 18.80. 3 includes commun

481.1341.0311.2251.610.848.829.850.837.813.017.6

58.1

7.550.628.713.215.4

9.212.758.626. 032.615.816.8-.413.6

464. 860.9

403.8383.420.4

39.2215.697.857.841.041.101.925.653.79

10. 03

' 32, 339' 22, 071

'657' 4, 654' 4, 957

'-26,442'-16,992'-2,936'-1, 271'-5, 243

'-2, 784

'-4,456

'-1, 664

'378

'2,981' 2, 292

'689'-352

'-2, 67C

'-2,044

ted capitapated cajws (in bil.78; noiidblic utilitii cation.

514.4365.3333.5269.2

11.7:52.631.851.139.112.018.2

64.5

8.056. 532.114.917.2

10.014.364.827.637.217.219.9-.315.2

495.059.2

435.8409.526.3

44.9018.589.439.161.191.412.386.224.30

10.83

' 36, 958'25,297

'747'5,392' 5, 522

'-28,468'-18,621'-2,834'-1, 404'-5, 609

'-2,765

'-6, 523

'-1,674

'171

' 3, 312'2,627

'685'-1,011

'-2, 798

'-1, 546

1 expendi)ital expe$): All in

urable goes, 7.99; c

554.7391.9357.4288.512.456.534.554.540.314.318.6

73.1

8.964.237.516.820.7

10.815.974.730.144.518.925.6

-1.616.5

530.765.4

465.3440.524.9

51.9622.4511.4011.051.301.732.816.944.94

11.79

' 38, 993' 26, 276

'844' 5, 901' 5, 972

'-32,036'-21,488'-2,881'-1, 646'-6,021

'-2, 794

'-3, 690

r i 575

' 1, 222

'309'133'176

'-429

'-1, 35

'-1, 30

tures of 1ndituresdustries,ods induommerci

484.6343.0312.9253.210.749.130.150.937.913.017.7

59.1

7.551.629.513.416.1

9.512.658.926.132.815.817.0

.213.9

467.161.0

406.1386.319.8

10.143.951.961.99.27.29.45

1.60.93

2.64

40.0015.958.008.001.051.201.855.903.85

10.20

' 8, 135' 5, 633

'103' 1, 148'1,251

'-6, 728'-4, 344

'-719'-322

'-1,343

'-727

'-670

'-94

'227

'109'-27'136

'-252

'-200

'

Dusiness.of busir60.78; m£stries, 1,al and o

492.6349.5318.8257.411.649.930.751.038.013.018.0

59.6

7.452.229.713.516.1

9.413.160.827.033.816.117.7

-1.214.5

475.661.6

414.0389.524.4

11.094.562.312.25.28.33.54

1.611.062.72

41.2016.458.308.151.051.352.105.804.05

10.45

' 8, 564' 5, 949

'145' 1, 183'1,287

'-6, 784'-4,372

'-719'-352

'-1, 341

r_702

'-1, 106

'-486

'358, '143

'215'16

'-13

'-9

ICSS.mu-J.24;ther

501.6355.1324.2261.611.651.030.850.438.511.917.9

63.6

7.556.231.914.417.5

9.914.564.027.336.716.720.0-.414.5

483.060.4

422.6399.323.3

9.403.791.931.87.26.32.51

1.18.97

2.37

42.5517.408.858.551.151.402.305.954.05

10.25

' 9, 112' 6, 156

'198' 1 402' 1, 356

'-6,850'-4,389

'-740'-339

'-1,382

'-683

'-1, 360

'-291

'-5

'419'299'12

'-29

'-24

'-149li0F

sume§Pe<?*,

Dec.

510.5361.9330.4266. 911.651.931.551.039.012.018.1

64. 5

7.856.732.115.017.1

10.114.564.527.537.017.119.9

.015.0

490.656.9

433.6406.327. 3

11.114.532.302.23.29.36.63

1.581.102.61

43.5017.809.008.801.151.252.256.304.30

10.45

' 9, 001' 6 092

'186' 1, 369' 1, 354

'-7, 032'-4, 579' 725'-344

'-1,384

'-717

'-1,385

'-350

'303

'33'24S'8

'-15

'-55

'-32deludes iersonalrs, and prsonal salore comissues of

519.5369. 0336.8271.711.753.332.251.439.412.018.3

65.5

8.457.032.515.017.5

10.214.465.327.837.517.420.1

.215.4

499.158.8

440.3415.325.0

11.544.672.372.30.30.37.59

1.711.062.84

45.6518.859.609.201.201.502.406.304.40

11.00

' 9, 308' 6, 389

'162' 1, 368' 1, 389

'-7, 196'-4, 752

'-686'-349

'-1,409

'-694

'-1,589

'-415

'70

'719'547'172

'-203

'-617

'-23nventoryoutlays cersonal tving is eplete detthe SUR\

526.3375. 4342.6276.511.954.332.751.839.612.218.5

64.9

8.556.432.315.317.1

10.114.065.928.137.817.720.0-1.015.7

507.160.7

446.4416.929.5

12.845.592.832.76.33.35.64

1.761.173.01

47.7520.1510.1510.001.301.552.606.354.40

11. 40

' 9, 537' 6, 660

'20' 1, 253' 1, 423

'-7, 390'-4, 90

'-683'-37

'-1, 434

'-67

'-2, 18

'-61

'-15

'1,84'1,53

'31'-36

'-1,38

'-84valuatic

ompriseransfer pxcess of dails are §rrsr.

540.6382.4348.9282.011.855.033.551.939.912.018.5

71.7

8.363.437.316.620.8

10.515.573.129.543.618.025.7-1.416.1

516.264. 8

451.4428.123.3

10.794.542.252.28.29.39.58

1.321.082.59

49.0020.7510.4010.401.251.752.556.804.55

11.30

' 8, 776'5,625

'200' 1, 561' 1, 390

'-7, 164'-4, 656

'-664'-373

'-1, 471

'-662

'-1,605

'-367

'842

'180'-145'32

'-697

'-618n adjustpersonalaymentsisposablc£ven in t

549. 5387. 9353.6285.911.855.934.354.640.114.518.6

72.0

8.963.236.716.620.1

10.516.073.929.844.118.625.5-1.816.4

524.766.2

458. 5436.122.4

12.815.472.762.70.33.44.77

1.711.242.85

50.3521.5510.8010.701.301.552.706.854.80

11.60

' 10, 136' 6, 798

'229'1,616' 1, 493

'-8, 087'-5, 481

'-701'-404

'-1, 50

'-768

'-346

'-469

'6

'-42'-29'-13'-10

'226

'23ment.consum

to foreigi5 incomehe quart

557.9393.7359. 0290.012.356.734.755.440.415.018.6

73.5

9.264.337.316.620.7

11.016.074.630.144.519.225.3-1.216.7

536. 064.8

471.2444.426.8

13. 415.732.912.82

.32

.44

.721.881.223.10

52.7523.0011.7511.251.251.703.006.755.05

11.95

' 10, 016'6,826

'199' 1, 470'1,52

'-8,24'-5, 59

'-74'-41

'-1, 49

'-71

'-82

'-26

'4

'24'49

'-25'-24

'-53

'23

ption exlers.over pererly revi

570. 8403. 6368.1296.113.758.335.556.240.715.518.7

75.2

9.365.938.817.421.3

10.916.277.031.145.919.926.0-1.817.1

546.065.7

480.3453.227.1

14.956.723.483.24.35.46.73

2.041.413.25

55.3524.1512.4511.701.351.953.007.305.30

12.25

' 10, 06'7,02

'21'1,25'1,56

'-8, 54'-5, 75

'-77'-45

'-1,55

'-64

'-91

'-47

'27

'31' 7

'23r_g

'-35

'-1, 15

penditur

sonal outews in tl

' 587. 7416.2377.0303.114.459.539.256.941.015.918.8

'78.1

9.169.041.618.523.2

10.916.5

'80.9'32.6'48.3

20.6'27.7-2.817.6

557.168.3

488.7464.4

24.4

' 12. 77'5.61'2.87'2.74

'.33'.40'.75

'1.601.26

'2.83

' 58. 00' 25. 60' 13. 15' 12. 45'1.40'1.75

3.30' 8. 25

5.35' 12. 35

P 10, 416P 7, 121

P194p 1 532p 1, 569

p-S, 908p-6,003

p-837p-435

p-1, 633

p-858

p-888

p-336

*42

*378*13*>23

*-22S

p-56

p-24

es, inter<

lays,le Mar.,

1J15. 17'6.74'3.44'3.30

'.36.51

'.97'1.97

'34.62

'159.60' 26. 60' 13. 55' 13. 05' 1. 40'1.85' 3. 40'7.80

'318.50

2 15. 666.843.463.38.36.54.89

2.23

34.80

2 61. 6527.5514.0013.501.402.103.658.10

3 18. 85

jst paid by con-

June, Sept., and


June 1966 SURVEY OF CURRENT BUSINESS S-3


1964 1965 v

Annual

1965

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

1966

Jan. Feb. Mar. Apr. May v

GENERAL BUSINESS INDICATORS—Monthly Series

PERSONAL INCOME, BY SOURCE

Seasonally adjusted, at annual rates:Total personal income bil. $

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

Manufacturing _ doDistributive industries. do

Service industries doGovernment. . do

Other labor income doProprietors' income:

Business and professional _ _ _ d oFarm do

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

bil. $-

Total nonagricultural income _.do

FARM INCOME AND MARKETINGS

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

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

Dairy products doMeat animals. _ doPoultry and eggs do

Indexes of cash receipts from marketings and CCCloans, unadjusted:

All commodities 1957-59=100._Crops doLivestock and products do

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

Crops doLivestock and products do

INDUSTRIAL PRODUCTION

Federal Reserve Index of Quantity Output

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

Manufacturing, total. _ _ doDurable manufactures doNondurable manufactures -do

Mining _ doUtilities do

By market groupings:Final products, total do

Consumer goods _ doAutomotive and home goods _ doApparel and staples do

Equipment, including defense do

Materials. doDurable goods materials doNondurable materials do

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

Manufacturing, total do

D urable manufactures 9 -doPrimary metals _ do

Iron and steel doNonferrous metals and products do

Fabricated metal products . . doStructural metal parts do

Machinery doNonelectrical machinery... doElectrical machinery do

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

Instruments and related products doClay, glass, and stone products doLumber and products... doFurniture and fixtures doMiscellaneous manufactures— _ do

Nondurable manufactures doTextile mill products doApparel products doLeather and products do ,___Paper and products. do

T Revised. v Preliminary.1 Italicized total excludes and other footnoted figi

495.0

333.5133.9107.281.1

54.164.316.5

39.112.0

18.217.234.336.6

12.4

478.7

39, 068

36, 89917, 13519, 7645,008

11, 0903,335

114124107

118119117

132.3

133.1133.5132.6111.3151.3

131.8131.7142.8128.1132.0

132. 8131.2134.3

132.3

133.1

133.5129.1126.5138.3132.7130.3

141.4142.1140.6130.7150.1112.4

136.4126.0112.6143.4133.4

132.6122.9134.1102.6133.4

ires inclu<

530.7

357.4143.9115. 586.5

58.168.918.2

40.314.3

18.618.937.139.2

13.2

512. 1

41,380

38, 93017, 14321, 7875,086

12, 8733,523

121125118

118120117

143.3

144.9148.4140.7114.4161.0

142.4140.2159.9134.0146.9

144.1144.2144.0

143.3

144.9

148.4137.5133.6152.1147.8145.4

160.4160.3160.6149.2175.2125.3

151.4133.5117.4157.4146.0

140. 7134.8145.0107. 8142.3

le retroac

520.5

351.5141.4113.685.6

57.267.418.0

40.012.9

18.618.236.537.8

12.9

503.2

2,549

2,466804

1,662438916267

9270

108

8648

114

141. 6

143.4147.5138/2113.0

138.5136.9162.6128.7142.0

144.3144.4144.3

140.9

142.4

145.5141.4141.2153.6147.4144.3

155.4155.2155.8144.6173.2118.6

145.5129.9114.2155.6143. 2

138.5132.2144.3105.0140.0

tive luni

525.0

353.9142.3114. 186.2

57.667.718.1

40.114.7

18.618.536.737.4

13.0

505. 8

2,574

2,546823

1,723454972261

9572

112

8751

114

142. 6

144.6149.0139.0114.4

139.8137. 8163.6129.6144.2

145. 0146.9143.1

141.6

143.1

146.4140.2139.7153. 4146.0142.7

166.9157.0156.8147.3175.5121.7

147.0130.3117.1156.5143.6

138.8131. 6145.3110. 9140.9

p-sum p

528.5

355.4143. 1114. 886.5

57.868.018.2

40.115.9

18.619.137.037.2

13.1

508.2

2,922

2,8961,1061,790

4381,050

278

10896

116

10591

115

145.2

147.2151.7141.5115.9

143.2141.6165. 8133.9146.8

147.0149.5144.5

142.7

144.1

148.1143.0143.3146.1146.4144.3

159.0159.4158. 4149.5178.0123.3

149.8131.6112.8156.8143.6

139.0132.2145.4105.1139.4

>ay-

530.4

357.4144.0115.686.8

58.268.318. 3

40.315.2

18.619.037.237.6

13.2

510. 8

3,152

3,0461,2971,749

4131,029

291

113113114

114117111

139.3

140.3144.9134.6112.3

138.3135.2147.0131.4144.9

140.3142.9137.5

144.2

145.7

150.0148.7152.1138.4148.0145. 5

160.6161.7159.2149.8177.4124.1

152.1132.6115. 4155.8143.5

140.4133.8143.8107.7142.1

ment oamount

532.1

358.8144.6116.187.0

58.568.718.4

40.414.9

18.619.237.537.7

13.3

512.9

3,864

3,2241,3361,888

4051,146

318

120116123

118116119

143.2

143.9143. 3144.7118.2

141.1138.9129.6141.8145.9

145.1144.5145.7

144.5

146.0

150.5146.5143.3149.0147.5145.0

161.4162.4160.1151.5177.5127.3

152.6133. 5117.2156.3146. 6

140. 4134.8141.9107.0141.1

f socialed to $1

i 534. 8545.4

360.8144.7116.487.2

58.870.118.4

40.514.9

18.619.537.7

148.4

13.4

i 526. 2

4,521

3, 9031,8832,020

3971, 275

332

145164131

140160126

145.9

147.5148.3146.5114. 2

145.7143.8148.4142.3149.7

146.2146.6145.8

143.5

145.2

148.2131.2125.0152.3147.0144.7

162. 3162.4162.1149.4175.2125. 6

155.7133.8116.2156.8147.1

141.3135.7143. 8108.2143.9

security3.6 billioi

541.3

364.7146.1117.587.8

59.671.318.6

40.615.3

18.719.737.939.3

13.5

521.7

5,263

4,9232,7702,153

4221,359

358

183241140

181242135

149.9

152.3154.6149.4118.4

151. 4150.1174.9142.2154. 2

148. 6147.6149.7

145. 1

146.7

150.3123.7115.8155.0150.9148.2

166.0165.8166.2155. 0177.1134 *

158. 0134.4118.3159.7150. 4

142.1137. 7145.7109.3143.6

benefitsa. 91

546.1

368.3148.1119. 188.2

60.072.018.9

40.715.5

18.719.938.239.6

13.6

526. 3

4,370

4,2872.2082; 079

4101,309

348

160192135

160200129

148.1

150. 5154.5145.5117.2

148.7145.2173.4136. 2156.1

147.6145.4149.9

146.4

148.2

151.3119.4110.5158.8153. 6152.6

167. 5166. 9168.4157. 3178.0138.0

159.0135.5119.1162.6153.0

144. 2139.4147.2110.1147.4

disburcncludes

550.9

371.3149.5120.088.7

60.472.619.0

40.815.7

18.720.238.540.3

13.7

530.7

3,751

3,6981,7731,925

4371,133

332

138155125

132158113

146.6

148.3155.4139.3117.4

146.4140.0168.7130.9160.3

146.8145. 9147.7

148.7

150. 6

155.0126. 5118.2162.1156.3154.0

170.7169.2172.8160.7179.2143.4

162.2137.6125.4164.3155.5

145.1140.3148.5113.9147.7

ementsdata for

552. 5

373. 8150. 4121.189.4

60. 773.219.2

40.915.7

18.820.438.941.4

16.6

532.5

P 3, 713

3,6481,7191,929

4291,170

297

p 136150125

p 131158111

148.3

149.9156.3141.9115.6

148.5142.2167.4134.1162.1

148.1147.4148. 7

150.2

152.4

157.6130. 8122.9159.1157.0154.2

174.3171.9177.6163.1176.7150.1

166.0139.4125.6165.4151.2

146.0140.1146.9111.7148.4

of $885items no

557.4

377.3152.4123. 089.9

61.074.019.3

41.015.9

18.820.639.441.8

16.8

537.2

p 2, 921

2,754884

1,870405

1,149281

p 10277

121

*9074

103

'152.0

' 154.1' 160. 2' 146. 5

116. 9

'151.6' 145. 6

170.7' 137. 6' 164. 6

' 152. 4' 151. 7' 153. 1

'151.9

' 154. 1

' 159. 7' 133. 6

128.7' 164. 0' 160. 7158.9

176.7174.4179.8163.2175.5151.6

'169.4' 141. 4

126.5166.8155. 3

' 147. 0' 140. 7' 148. 3110.1

' 148. 5

million pt shown

561.4

379.9153.7123.790.2

61.474.619.5

41.216.1

18.920.640.042.0

16.9

540.9

9 3, 139

2,965792

2,173462

1,339337

p 11069

141

P9356

120

' 154. 4

' 157. 0' 163. 8' 148. 3' 118. 5

' 153. 4' 146. 7' 172. 9

138.3' 167. 8

r 155. 4' 155. 8r 155. 0

' 153. 3

' 155. 6

r 161. 6' 141. 4' 136. 1r 168. 5' 160. 7r 158. 9

176.2r 174.0

'179.2' 165. 8' 178. 1' 154. 3

'.171.9' 143. 2' 126. 6r 168. 8' 156. 8

' 148. 0r 140. 7

149.1110.5

' 153. 2

>ut on aiseparate

563.1

'381.6' 154. 2' 124. 7

90.4

61.6'75.3

19. 6

41.3'15.7

18.920.7

'40.4'41.9

16. 9

' 543. 0

P2.885

2,766767

1,999460

1, 189308

P10367

130

p8748

115

' 154. 7

' 157. 8' 165. 0' 148. 8' 114. 9

152.8' 145. 6' 173. 1

' 168. 3

156.4158.3154.4

' 153. 6

' 156. 3

' 162. 8' 143. 0

137. 2169.5

' 160. 9' 159. 3

178.1174.8

' 182. 4' 166. 2' 176. 7' 157. 0

' 174. 8' 143. 0

129. 4169.6

' 156. 4

' 148. 2141.6

150.0

inual ratiy.

565. 5

383.8155. 0125.590.8

61.976.019.7

41.415.5

19.020.740.741.8

17.0

545.6

156.4

159.3166.8149.9120.8

153.8145.8170

170.9

158.6161156

154.8

157.1

163.7148143

162158

180176184164169160

177142

172158

148.9

e basis


S-4 SURVEY OF CUEEENT BUSINESS June 1966


1964 1965 v

Annual

1965


1966

Jan. Feb. Mar. Apr. May p

GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PRODUCTION— Continued

Federal Reserve Index of Quantity Output—Con.

Seasonally adjusted indexes— ContinuedBy industry groupings— Continued

Nondurable manufactures — ContinuedPrinting and publishing 1957-59=100

Newspapers do__.Chemicals and products __do

Industrial chemicals do_ _Petroleum products _ _ _ _ _ _ _ _ _ _ _ _ _ d o

Rubber and plastics products. _ _ _ _ _ _ _ do _ _Foods and beverages __ .do _

Food manufactures _ _ _ _ _ . _do_ _Beverages _ do _ _

Tobacco products _ _ _ _ do

Mining doCoal - -_ doCrude oil and natural gas _ do_ _.

Crude oil doMetal mining doStone and earth minerals _ _ do

Utilities doElectric _ _ _ do _Gas _ _ ~- _- _do_ _ _

By market groupings:Final products, total do

Consumer goods doAutomotive and home goods _ do _

Automotive products _ _ _ _ do_ _ _ _Autos _ __ _ _ _ _ d oAuto parts and allied products. _ .do____

Home goods 9 doAppliances, TV, and radios. _ do _•_Furniture and rugs do____

Apparel and staples, _ _ „ _ _ _ _ doApparel, incl. knit goods and shoes. _ do _ _ _Consumer staples do

Processed foods _ ' _ _ _ _ _ _ _ do

Beverages and tobacco.- do___Drugs, soap, and toiletries do ___Newspapers , magazines , books_ _ _ doConsumer fuel and lighting do

Equipment, including defense 9 _ _ _ doBusiness equipment _ _ _ _ _ _ _ _ _ _ _ do _

Industrial equipment. __ _ _ _ do_ _C ommer cial e quipment doFreight and passenger equipment __do_ _Farm equipment do

Materials doDurable goods materials 9 do

Consumer durable..-- _~ _ _ _do _ _ _Equipment doConstruction do

Nondurable materials 9-_ - _ _ • _ ' . doBusiness supplies __ __ _ _ _ _ _ _ _ do __

Containers doGeneral business supplies _ do_ _

Business fuel and power 9 d o _ _ _ _Mineral fuels _ _ __ _ __ do _Nonresidential utilities do

BUSINESS SALES AND INVENTORIES §

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

Manufacturing , total doDurable goods industries _ _ _ _ _ _ _ d o _Nondurable goods industries. _ _ do. _

Retail trade, totalt _ _ doDurable goods stores _ doNondurable goods stores do

Merchant wholesalers, total|__ _ _ do _ _Durable goods establishments doNondurable goods establishments do

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

Manufacturing, total. _ _ _ _ _:_ doDurable goods industries doNondurable goods industries _ _ do

Retail trade, totalf- _ _ _ _ do _Durable goods stores doNondurable goods stores do

Merchant wholesalers, total J doDurable goods establishments _ _ _ do _Nondurable goods establishments- _ _ do_

123.3117.0159.6178.4121. 0

156.3120.8120.1124.4120.8

111.3107.1110. 4109.9117. 4118.7

151. 3153.9143.4

131.8131.7142. 8

145. 1150. 6138. 0141.1137. 1142.4

128.1124.2129.3119.9

123.2146.9123.7142.3

132. 0139.1137.0145.3141. 0133.1

132.8131. 2145.8134. 4124.5

134. 3127.4127. 9127. 1

122.6112.2149.6

1445,552230, 775214, 777

1 261, 63084, 173

177,457

62, 94438, 41224,53231,13013, 13617, 994

130 3124.2173.3196.1123.4

172.2123 3122.4128. 4120.5

114 4111 8112. 3111 8122 6126.5

161.0165.5147.0

142 4140 2159.9

167. 1182.6146.8154.7152.4154.2

134.0134.3133.9122. 2

125.7157.0127.1149.8

146. 9156. 6153.1164.4162.4148. 1

144 1144. 2166.8151 9133 8

144. 0136.5136. 6136. 5

127.6115.2159. 2

i 483, 343252,242231, 101

1 283, 95093,718

190, 232

68,01542, 32425,69133, 95714 78219 175

128.3120.7169. 2191.6121.5

167.7122. 5122.6121.8120.9

113.0107.9112.0111.4125.8118.2

' 159. 2164.0

' 144. 2

139.4138. 5158.2

166.9183. 5145.1152.1149.0152. 0

132.3131.8132. 4122.1

121.5152.6126.9148.8

141.2150.9148.4161.3150.8138.3

142.6142.9163. 4147. 5130. 5

142.4135.1137.3134.0

127.2114. 3159.6

40, 04420, 91519, 129

22, 8497,454

15 395

63, 99939, 23324, 76632, 54614, 29818,248

129.3121.5169. 3191.7122. 9

168.2121.9120.6129.0116. 5

114.0113.0111. 9111.3121.6123.9

' 159. 7164.3

' 144. 9

140.2138.6158. 5

168.1184.9146. 0151.8147.6154.4

132. 2132.5132. 2121.1

124.8151.9126.6148.2

143.7153.5150. 6162. 3157. 1141.7

142.6143.4162. 3148. 7131. 4

141. 8134. 1132.0135.2

127.9115.1160. 1

39, 81420, 51319, 301

23, 3177,616

15 701

64, 26939,47524,79432, 82314, 56618, 257

130. 0124.7169.9192.9121.8

169.1122. 3121.2128.5121.8

115.3117.1112.5112.2123. 7125. 8

r 161. 9167.1

r 145. 6

140.7138. 7158. 2

168.1187. 1143.0151.3148.8153. 5

132. 8133.2132.7120.7

126.2152.9125.6150. 6

144.9154. 6151. 9164. 1157. 8143. 7

144.5146. 1169.9150 0131.3

143.4134.8132.0136.2

129.9116.9162.4

39,94320, 65219, 291

23 3227, 665

15 657

64, 62539,95124, 67433,01414, 54618, 468

131.3126.2172.8194.9124.5

170. 2123.1122.6125.9119.9

116. 0117.1113.0112.1126.4127. 3

r 161. 2165. 8

'146.8

141.7139.3158. 1

167. 8184.6145:8151.2146.5154.0

133.7132.2134.1122.4

123.9157.0128.0151.2

147. 0156.4155.1165.2155.0145. 3

146.4148.4171. 8153. 3132.7

145.0137.6136. 1138. 3

128.9117.0158.8

41, 45221, 82019, 632

23, 6687,827

15,841

65, 39440, 60024, 79433,08814, 59218, 496

133.0129.7174.2195.7125.8

168.1122.4121.9125.0120.7

117.0115.2114.2113.4130.2129.1

r 161. 6166. 2

' 147. 2

142 3139 5158 1

169.8184 3150.7149 8145 2152. 3

133 6131.9134 1121 6

123.6160.1128.0150 6

148 4157 8153.8165. 2163.6157 1

146 1147 3167. 9154 7134 6

144.8135.1132 1136. 6

129.2117.2160.1

40,51821, 19119,327

23 5857 755

15 830

65,78840, 81424, 97433,36014 81918, 541

129. 3120.1176.6199.9125.1

171.2123.2121.8131.0120 6

112 6106.7110.6108 5122 4127. 4

165 3170.9

' 147. 7

143 3140 7158 5

166.5178. 1151.2153 0149 1152.0

135. 0134.0135 3121 6

127.5161. 3126.1154.2

149 0159 0155. 3166.4164.2155 4

143 7142 8165. 4154 2134 5

144. 5135.9134 4136. 7

126.3112.1161 5

40,17320 92419 249

23 7537,768

15 985

66,26741 30024 96733, 04514,62118,424

131. 1125. 1177.1200.9124. 0

175. 5123.6122. 1131. 8114. 5

115. 8116.8114. 0114. 0116.5125.5

r 165. 8171. 3148.5

145.7141. 7161. 7

168. 6181. 1152.0156.9154.0154. 9

135. 4135.1135.4122.2

126. 0159.2126.3156. 0

154.3164.3159.4169. 7178. 7155.7

144. 3142.2167.0158. 4135.3

146.4136.8136. 6136.9

129.7117.9160. 9

40 54821 14619 402

24 1947, 865

16 329

66, 64241 52325 11933, 29614 78218, 514

133 2127.2178. 5202.9126 1

181. 6125 0123. 5133. 0118 9

116 0115 7113.8114 5114 2133.2

' 165 3170 5148 9

147 4142 8163 0

168. 8182 5150.8159 0155 2157.4

136 4136.5136 4123 1

128. 2161. 2127.6155.2

157 3167 2162. 0172.7180. 4165 8

145 6143 0168 2160 0137 2

148.1140.3144 9138.0

129.9117. 8161 7

41 40321 60619, 797

J24 6478 092

16 555

67, 19241 86925, 32333, 53314 77418, 759

134 2129 5180.6206.3127 8

181.3125 3123.6134.3117 1

117 9118 5114. 5116 0120 6138.2

' 165. 7170 9149.3

148 8144 1166 7

169. 4182.4152. 4164 8161. 3161.0

137.0138.5136 5123.1

128. 5162. 7129.6153. 9

158.8168.9162.4174.5188. 0163 9

148 7146 7168.3163 2138.8

150. 7143. 4146.9141.7

131.7119. 5163.8

42, 62222,31620,306

24,8168,252

16, 564

68, 01542, 32425, 69133,95714, 78219, 175

135.7130.2181.9206.3130.5

184.6126.0124.6133. 2119.6

117. 2114.4113.4114.1133.4135.5

164.9169.7

149. 5144.1166.9

168. 5180.3153.1165. 7165.0163.3

136.8136.4136.9123.7

128.6164. 0132.0151.9

161.3170. 5162.6177.5194.9161.2

150.4150.1170.0165.8142.9

150.6143.4142.3144.0

130.6117.4164.9

'84,669

42, 66522,30720, 358

25, 0238, 324

16 699r 16, 981' 7 563r 9, 418

"120,938

68, 59442, 58926, 00534, 11314 94919, 164

r 18, 231'10,571' 7. 660

138 2130 4

'184.3' 209. 4

125 5

183. 3r 127 0

125 5r 135. 1r 126 7

117 7111 2115 0115 1130 8135.6

r 168 9r 174 7

r 151 4r 145 5

166 8

167.6177 8154. 3166 2162 7164.0

r 138 7

r 138. 0r 138 9

124 6

r 132 3

166.0134.0

'155 8

' 164 1173 2166 1178. 6198 9158 0

r 152 0r 152 o

173 6170 0143 6

' 152. 0r 144 5r 144 6r 144. 4

' 131. 7118 0

r 166 9

84 744

42 70222 43320,269

25 2638, 399

16 864

16, 7797 5389 241

122 047

69, 04042,88426,15634,42715 11319, 31418, 58010,8097. 771

r 139 o130 7

' 185. 8.212 0

r 126 1

182.0r 127 7r 125 7

138 3126 8

r 120 0

117 7' 116 4r ii7 Qr 134 5' 137. 1

r 168 8

174 2

r 152 6r 146 3

' 167 6

'171.6183 8

'155.5r 164 8r 157 2' 165. 5

139 5139.9

T 139 4r 125 2

134.4'165.9' 136. 5

154 6

' 166 2' 175 4'167 4'184.2'198 9

163 0

' 154 1' 155 5

169 1r 171 9

'146 1

' 152. 6' 144.9' 144 6'145.0

133.8' 120. 3

168 7

87, 015

' 44, 121'23,238'20,883

25, 536'8,649'16 887

17, 3587 8879,471

123, 109

'69,648'43,273••26,37534, 55615, 20119, 35518, 90510,9957. 910

r 138 4

127 7187. 1

127 4

127 5126 1

r 115 o85 3

r H6 7

117 1134 2130. 6

170 0

153 ir 146 5

168 1

r 169.0r 180 6

153. 8167 5164 8166.3

'139 6125 1

168. 0135.7

' 167 3'176 2

167.3186.9201 7

' 154 2156 6168 9173 5144 1

' 151. 8145.0143 1146.0

' 130. 6' 114. 7

85 849

43, 65622, 74620,910

25, 0208,001

17, 019

17, 1737,7819,392

123, 931

70,27343, 72426,54934,73715, 33619, 40118,92111, 0967,825

139

ion 4.

117119122

170 5

154 0146 3166

161168

140

170 3180

156 0157

155

137124

' Revised. ? Preliminary. i Based on unadjusted data.9Includes data for items not shown separately. fSee corresponding note on p. S-ll.§The term "business" here includes only manufacturing and trade; business inventories

as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unad-justed data for manufacturing are shown on p. S-5; those for retail trade on p. S-ll.

^Revised series. The panel of reporters in the Census Bureau wholesale sample has beenupdated to reflect information from the 1963 Census of Wholesale Trade; comparable dataprior to Jan. 1966 are not presently available.


June 1966 SUKVEY OF CUKKENT BUSINESS S-5


1964 1965

Annual

1965


1966

Jan. Feb. Mar. Apr. May

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

Manufacturing and trade, totalft ratio

Manufacturing, total doDurable goods industries do

Materials and supplies. doWork in process doFinished goods _ _ _ _do

Nondurable goods industries.- _do__Materials and supplies doWork in process.... _ doFinished goods do

Retail trade, totalf- _ _ > doDurable goods stores, __ _ _ _ _ _ _ _ _do __Nondurable goods stores do

Merchant wholesalers, totalt __ _ _do _Durable goods establishments doNondurable goods establishments do

MANUFACTURERS' SALES, INVENTORIES,AND ORDERS

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

Shipments (not seas, adj.), total . _ _ • _do _

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

Blast furnaces, steel mills doFabricated metal products _ do

Machinery, except electrical doElectrical machinery. doTransportation equipment _ . _ do _

Motor vehicles and parts... _do_Instruments and related products do

Nondurable goods industries, total 9 - -- doFood and kindred products.. doTobacco products doTextile mill products _ doPaper and allied products. _ doChemicals and allied products . doPetroleum and coal products doKubber and plastics products __ do

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

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

Blastfurnaces, steel mills __do ___Fabricated metal products do

Machinery, except electrical doElectrical machinery doTransportation equipment do

Motor vehicles and parts... . _ doInstruments and related products do

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

By market category:Home goods and apparel d o _ _ _ _Consumer staples doEquipment and defense prod., excl. auto doAutomotive equipment __ _ _ _ doConstruction materials and supplies doOther materials and supplies do

Supplementary market categories:Consumer durables doDefense products doMachinery and equipment _ _ _ _ _ _ _ d o

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

Durable goods industries, total doNondurable goods industries, total do

Book value (seasonally adjusted), total doBy industry group:

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

Blast furnaces, steel mills doFabricated metal products do

Machinery, except electrical doElectrical machinery doTransportation equipment do

Motor vehicles and parts doInstruments and related products do

r Revised. 1 Advance estimate. 2 Based on dtSee corresponding note on p. S-ll.

1.641.91.57.79.54

1.35.53.19.62

1.401.861.18

9,001

445, 552

230, 77511, 52538, 83221, 23623, 549

33, 69630, 20759, 628 .38, 4507,523

214, 77775, 8834,693

17, 80817, 11633, 57818, 18710, 212

2 41, 7502 94, 3972 55, 1852 43, 3442 35, 878174, 998

2 17, 9022 25, 9532 42, 331

62, 64238, 00124, 641

62, 944

38, 4121,5876,1113,7074, 251

7,5585,3887,9083,0131,619

Ua not se

1.611.91.59.80.52

1.29.50.19.60

1.381.841.16

9,941

483, 343

252, 24211, 75341, 91022, 91624,292

36, 49033, 59368, 03945, 4128,347

231, 10180, 6784,864

19, 31819,38536, 03019, 17811, 653

2 44, 909101, 305

2 60, 3002 50, 4032 37, 543188, 883

2 19, 2832 27, 9652 47, 115

67, 62041, 83125, 789

68, 015

42, 3241,6266,3493,6784,856

8,5086,0938,9303,3181, 788

isonally a

1.601.88.59.77.51

1.29.50.18.60

1.421.92L19

853

41, 282

21, 968967

4,0742,4382,085

3,2282,7185,8663,970

696

19, 3146,594

4271,5741,6173,2211,5531,007

40, 044

20, 915935

3,7962,2452,048

2,9842,7575,4083,620

701

19, 1296,667

4401,5641, 5913,0091,583

967

3,6818,3954,9074,0203,063

15,978

1,5942,2593,871

64,36639, 63324, 733

63, 999

39, 2331,6065,9003,4274,517

7,7265,6288,0953,1501,653

djusted.

1.611.92.61.79.52

1.28.50.18.60

1.411.911.16

800

40, 074

21, 1571,0103,6131,9232,025

3,1642,6465,7553,898

679

18, 9176,575

3741,5531, 5663,1801,584

998

39,814

20, 513923

3,4351,8351,955

2,9932,7485,5193,680

688

19, 3016,661

3641,6101,5723,0301,631

988

3,7698,2804,9484,0883,001

15, 728

1,5672,2813,849

64,76940, 03324, 736

64, 269

39, 4751,6205,9963,5314,544

7,7635,6628,1043,2491,676

1.621.93.61.80.53

1.28.50.19.59

1.421. 901.18

831

41, 914

22,2801,0953,6391,9542,147

3,2992,8446,1064,144

732

19, 6346,825

4391,6791,6533,1891,6471,028

39,943

20, 652962

3,3891,8201,974

3, 0092,7015,6683,814

691

19, 2916,671

4111,6001,5753,0571,637

958

3,7058,3744,9424,2323,062

15, 628

1,5532,2983,838

64, 97940, 32124, 658

64, 625

39, 9511,6236,0743,5974,565

7,8785,7268,2673,2901,687

1.581.86.58.78.50

1.26.49.18.59

1.401.861.17

747

37, 844

19, 5641,0223,2731,8471,905

2,8572,5395,0693,366

650

18, 2806,545

4151, 3681,5032,8231,624

883

41, 452

21, 820969

3,7822,1702,036

3, 1192,8945,8704,004

728

19, 6326,777

4001, 6031,6563,0631, 648

980

3,7888,5825,0934,4083,169

16, 412

1, 6442,3244,070

65, 08840, 41024,678

65, 394

40, 6001,6006,1633,6314,611

7,9885, 8108,6533,5271,683

<

1.621.93.60.82.51

1.29.50.19.60

1.411.911.17

805

39, 443

19, 8131,0463, 5902,0762,089

2,8142,7464,3552,570

675

19, 6306,780

4071,6861,6582,9441,637

948

40, 518

21, 191926

3,7082,1051,968

2,9902,8005,8033,932

703

19, 3276,843

3871,6191,6162,9571,615

968

3,7008,5545,0014,3473,058

15, 858

1,5642,3413, 878

65, 48140, 70424, 777

65, 788

40, 8141,6186,1423,5764,685

8,1425,8738,6003,3701,696

? Include:See corr

1.651.97.61.83.53

1.30.51.19.60

1.391.881.15

870

41, 198

20, 7781,0463,2661,6752,122

3,0633,0025, 0353,071

742

20, 4207, 215

4251,7251,7063,1331,628

983

40, 173

20,924953

3,2371,6521,995

3,0812,7965,8633,905

694

19, 2496,821

4151, 5811,6312,9421, 614

951

3,7158, 5495,1254,3233,080

15, 381

1, 5672,4223,980

65, 86941, 09624, 773

66, 267

41, 3001,6146,2243,6334,766

8,2985,9078,7073, 4301, 711

s data foespondin

1.641.96.61.83.53

1.29.50.20.59

1.381.881.13

856

42, 185

21, 7481,0503,2151,5952,088

3.0483,0636,0574,178

728

20, 4377,154

4051, 7511,7183,0701,6501,032

40, 548

21, 146947

3,2041,6081,963

3,1272,9065,9734,037

707

19, 4026,845

4051,6091,6562,9821,639

958

3,7358,6155,1724,4523,066

15, 508

1,6182,4024,035

66, 21841,21225, 006

66, 642

41,5231,6406,2753,6694,772

8,3645,9478,7063,4121,714

r items ng note or

1.621.94.60.82.52

1.28.50.19.59

1.361.831.13

884

41, 642

21, 738993

3,2661,6122,101

2,9703,0876,2234,326

729

19, 9047,018

4101,7211,6752,9581,613

985

41, 403

21,6061,0133,3351,6812,139

3,1502,9625, 9073, 981

710

19, 7977, 001

3941,6731,6913,0671,6191,012

3,8618,8125,1754,4183, 252

15, 885

1,6742,3854,087

66, 77741, 40725, 370

67, 192

41, 8691,6346, 2613,6584,816

8,4535,9938,8603,3661,730

ot showni p. S-4.

1.601.90.58.81.51

.1.27.49.19.58

1.371.791.16

1,006

40, 766

21, 659934

3,1881,5462,014

3,1243,1176,3424,180

773

19, 1076,832

4001,5801,6492, 7971,625

995

42,622

22,3161,1403,4701,7302, 166

3,2423,0736,0753,993

713

20,3067,131

4101, 7031,7623,1331,5941,064

4,0678,9555,3854,4483,409

16, 358

1,7702,5304,188

67, 62041,83125, 789

68,015

42, 3241,6266,3493,6784,856

8,5086,0938,9303,3181,788

i separat

'1.43

1.611.91.58.82.51

1.28.49.19.59

1.361.801.15

'1.07'1.40'.81

855

39, 982

20, 751856

3, 3791,7131,908

2,9522,8545,9814,034

678

19, 2316,861

3871,4951,6322,9981,622

986

42, 665

22,3071,0923,4991,7412,130

3,2573,1455, 9623,824

764

20, 3587,157

4271,6591,7173,1431,6051,055

4,0058,9795,4844,2983,427

16, 472

1, 6982, 6044,272

68, 65142, 46326, 188

68, 594

42, 5891, 6386,4383,7604,828

8,5216,1778,9843,2631, 806

ely.

1.44

1.621.91.58.82.51

1.29.50.19.60

.1.361.801.15

1.111.43.84

882

43,570

22,878885

3,7731,9192,110

3,3123,1936,4854,270

742

20,6927,234

4101,6721,7433,1451,6681,061

42,702

22,4331,0423,6431,8432,202

3,1793,1206,0493,955

740

20,2697,114

4331,6241,7103, 1271,6381,051

3,9568, 9615,3144,4103,36116,700

1,7112,5774,192

69,44143,07026,371

69,040

42,8841,6436,4863,7864,829

8,5756,2109,0473,2761,822

1.41

1.58"1.86

.56

.81'.49

'1.26.49.19.59

1.351.76

'1.15

1.091.39.84

'983

'45,218

'23,996r976

' 3, 9552,076

' 2, 203

' 3, 526' 3, 332' 6, 655' 4, 431

'809

'21,222' 7, 259

'430' 1, 754' 1, 810'3,404' 1, 597' 1, 113

'44,121

'23,238' 1, 078' 3, 726

1,930' 2, 288

' 3, 285' 3, 266' 6, 243r 4, 096

'803

' 20, 883r 7, 257

'450' 1, 729' 1, 763r 3, 326' 1, 640' 1, 081

' 4, 140r9,14Qr 5, 529' 4, 573' 3, 488

'17,251

'1,817r 2, 637' 4, 376

70, 04943, 59426, 455

69, 648

43, 273r 1, 652' 6, 5533,813

' 4, 779 '

' 8, 610' 6, 334' 9, 186' 3, 226' 1, 851

1.44

1.611.92.58.84.50

1.27.49.19.59

1.391.921.14

1.101.43.83

938

45, 040

23,9091,0134,0712,1782,193

3, 5303, 2386,5204,288

796

21, 1317,220

4031,7041,7663,5071,7171,125

43, 656

22, 746980

3,8012,0062,154

3,2493,3065,9593,850

802

20, 9107,299

4151,6881,7363,2681,7501, 080

4,1129,1295,4854,2933,317

17, 320

1,7952,6554, 313

70, 67744, 16226, 515

70, 273

43, 7241,6636,5913,8174,753

8, 6466,4119,4683, 2871,873

123,7001 4, 000

1 6, 500

1 23, 100

13,800

!6,200


S-6 SURVEY OF CURRENT BUSINESS June 1966


1964 | 1965

Annual

1965


1966


GENERAL BUSINESS INDICATORS—ContinuedMANUFACTURERS' SALES, INVENTORIES,

AND ORDERS— ContinuedInventories, end of year or month— Continued

Book value (seasonally adjusted)— ContinuedBy industry group— Continued

Durable goods industries— ContinuedBy stage of fabrication:

Materials and supplies 9 ._ mil. $_Primary metals _ _ _ d o _ _ _ _Machinery (elec. and nonelec.)___doTransportation equipment _ __do _.

Work in process? doPrimary metals doMachinery (elec. andnonelec.)_._doTransportation equipment do

Finished goods 9 doPrimary metals _ _ _ do _ _Machinery (elec. andnonelec.)---doTransportation equipment do

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

By stage of fabrication:Materials and supplies doWork in process doFinished goods do

By market category:Home goods and apparel _ _ _ _ _ d oConsumer staples _ _ _ _ _ _ doEquip, and defense prod., excl. auto doAutomotive equipment doConstruction materials and supplies doOther materials and supplies... .do

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

New orders net (not seas. adj.)» total doDurable goods industries, total .do ._Nondurable goods industries, total do

New orders, net (seas, adj.), total . doBy industry group:

Durable goods industries, total 9 doPrimary metals _ _ _ _ . _ _ _ . _ d o _

Blast furnaces, steel mills. _ do. _Fabricated metal products. ___doMachinery, except electrical . doElectrical machinery.. _ _ _ _ _ _ _ d o _ _Transportation equipment do

Aircraft and parts _ do

Nondurable goods industries, total doIndustries with unfilled orders© doIndustries without unfilled order sf do. _ _

By market category:Home goods and apparel do. _Consumer staples doEquip, and defense prod., excl. auto. doAutomotive equipment . do _Construction materials and supplies. .—_ doOther materials and supplies.. _ _ - do _

Supplementary market categories:Consumer durables.. _do_ ._Defense products doMachinery and equipment ._ do

Unfilled orders, end of year or month (unadjusted),total _ _ _ _ mil. $

Durable goods industries, total doNondur. goods indus. with unfilled orders ©.do

Unfilled orders, end of year or month (seasonallyadjusted), total ._ . mil. $

By industry group:Durable goods industries, total 9 ...do

Primary metals _ _ doBlast furnaces, steel mills _ _ _ _ do _

Fabricated metal products. doMachinery, except electrical doElectrical machinery do _Transportation equipment do. _

Aircraft and parts do

Nondur. goods indust. with unfilled orders®, do

By market category:Home goods, apparel, consumer staples. __ doEquip, and defense prod., incl. auto doConstruction materials and supplies doOther materials and supplies.. _ _ _ _ do

Supplementary market categories:Consumer durables . doDefense products... do .Machinery and equipment do

'Revised. i Advance estimate. 2 Data forcategories) are based on new orders not seasonally a(

9 Includes data for items not shown separatel1leather and products, paper and allied products, am

11, 6882, 2483,2632,216

15,9332,0245,7634,695

10, 7911, 8393,920

997

24, 5326,0302,3592,8371,8854,0031,7451,176

9,6193,522

11, 391

6,4999,660

13, 2413,6835,629

24, 232

3,0565,6259,431

452,368237, 631214, 737

2452,368

237, 63141, 30823, 30324, 22234, 92931, 21261, 17417, 514

214, 73757, 318

157, 419

41, 74094,38857, 76543, 64336, 325

178, 507

17, 92027, 12644, 471

55, 96253,0422,920

57,044

53, 9586, 5594,3114,8118,3028,103

21, 09015, 526

3,086

1,97529,2235,490

20, 356

1,42020, 05813, 367

total anIjusted.y. © I]printing

12,9432,3883,8162,278

18, 1092,1306,6995,465

11, 2721,8314,0861, 187

25, 6916,0342,3713,1301,9654,3351,7561,279

9,9643,862

11,865

7,0219,844

14,8354,0326,054

26,229

3,2876,388

10,701

492, 272260,732231, 540

2492, 272

260,73241, 01721,37824,91438,43435,29272,97322,044

231,54063,458

168,082

45, 057101,31565, 08151,05338,058

191, 708

19,44932,53449,679

64,89661,5433,353

66,068

62,5345,6462,7305,467

10,3049,830

25,99319,781

3,534

2,12434, 7326,041

23, 171

1,60124,58716, 000

d compo

deludes tand pubh

12,4062, 3323,4562,280

16, 1141,8835,9364,782

10, 7131,6853,9621,033

24, 7666,1822,3072,8281,8654,1061,7921,222

9,6603,533

11, 573

6, 6509,809

13, 4903,8545,816

24, 380

3,1645,7889,617

41,84222,43519, 407

41, 120

22,0433,4561,8762,0983,1072,9296,4532,248

19, 0775,130

13, 947

3,6728,3726,1214,1333,150

15, 672

1,6293,2364,078

59, 77956, 6843,095

59, 463

56, 3746,6834,3514,9118,6888,448

22, 66416,849

3,089

1,90130,6945,628

21, 240

1,37121, 36113, 981

nents (i

3xtile mishing inc

12, 5122,3173,5022,362

16, 1621,9575,9664,686

10, 8011,7223,9571,056

24, 7946,1002,3282,8261,8854,1741,7751,221

9,6753,558

11,561

6,6949,770

13, 4193,9415,835

24, 610

3,2105,7409,651

40, 16221, 16618,996

40, 181

20,9923,2861,6322,0273,1082,8015,8781,552

19, 1895,157

14, 032

3,6898,2775,3234,2083,105

15, 579

1,5742,4604,069

59, 86956, 6943,175

59, 897

56, 8756,5694,1485,0518,7828,555

22, 95116, 861

3,022

1,90831, 1545, 721

21, 114

1,39921, 45714, 166

ncl. mai

11 produlustfies;

12, 5372,3053,5402,372

16, 5331,9856,1224,820

10, 8811,7843,9421, 075

24, 6746,0402,3172,8791,8824,1331, 7651,234

9,6083,611

11, 455

6,6509,721

13,6353, 9835,862

24, 774

3,2415,8149,863

42, 35722, 65119,706

40, 689

21, 3103,4541,8162,0423,1892,8745,8701,684

19, 3795,298

14, 081

3,7518,3895,5094,1943,132

15, 714

1,5862,5794,091

60, 30957,0643, 245

60, 588

57, 4546,6374,1445,0938,9638,773

23,06917, 074

3,134

1,92231,6075,733

21, 326

1,41221, 74314, 422

ket

cts,un-

12,6642,3103,6092,420

17, 0532,0516,2425,155

10,8831,8023,9471,078

24, 7946,0732,2812,9521,9004,2031,7461,244

9,5373,591

11, 666

6,6859,737

13,8584,2155,821

25, 078

3,2495,968

10,006

38, 71320,40418,309

41, 846

22, 1953,4931,8512,0583,1403,0996,3631,646

19, 6515,444

14, 207

3,7258,5835,4664,5243,155

16, 393

1,5602,6184,348

61, 17857,9043,274

60,981

57, 8306,3483,8255,1158,9848,978

23, 56317, 252

3,151

1,86132,0975,720

21, 303

1,32822, 03614,700

filledkindructs,equal

12, 6722,3163,7022,232

17, 2832,0586,3515,284

10,8591,7683,9621,084

24, 9746,0002,2863,0031,9164,2401,7271,258

9,6453, 662

11, 667

6,8159,675

14,0464,0685,852

25, 332

3,2506,030

10,216

39,96420, 34819, 616

40,926

21,5093,1191,4651,9743,3183,0006,1411,956

19,4175,347

14, 070

3,7848,5585,5434,2943,040

15, 707

1,6402,8084,159

61, 69758, 4383,259

61,391

58, 1485,7603,1855,1209,3139,178

23,90117, 732

3,243

1,95332,5875,701

21, 150

1,40622, 50314, 982

orders foied produchemicalto new c

12, 8122,3023,7472,317

17,3802, 0666,4155,277

11,1081,8564,0431,113

24, 9675,8812,2863,0381,9224,2581,6961,262

9,7663,702

11, 499

6,8639,566

14,2864,1245,908

25, 520

3,2216,044

10,432

42, 25921, 81820, 441

41,483

22, 1632,9081,2762,0133,3152,9956,8532,462

19, 3205,267

14, 053

3,7808,5505,7564,5043,118

15, 775

1,6103,4504,153

62, 75859, 4793,279

62, 699

59, 3855,4312,8095,1379,5479,376

24, 89118, 631

3,314

2,01733,4015,739

21, 542

1,44923. 53215, 152

• other nccts, tobas and allrders.

12,8862,3023,8082, 348

17, 5022,1146,4915,228

11, 1351, 8594,0121,130

25, 1195,8612,3283,1191,9194,2851,7181,273

9,7693,825

11, 525

6,8669,630

14,3764,1025,983

25,685

3,2336,091

10,492

43. 10422.64820. 456

41,843

22,4253,1481,4512,0503,3492,9836,9202,466

19,4185,307

14, 111

3,7788,6045.6894,5163,129

16, 127

1,6753,2764,249

63, 67660,3793,297

63,993

60,6645,3752,6535,2249,7699,453

25, 83819, 569

3,329

2,04633,9835,803

22, 161

1,50424,40715,369

ndurabl«ceo prodiied prodi

12, 9142,3363,8252,300

17, 7632,0976,5775,408

11, 1921,8284,0441,152

25, 3235,9932,2683,0851,9344, 3501,7371,306

9,8273,823

11, 673

6,8909,708

14, 6504,0926,011

25, 841

3,2546,270

10, 591

42, 09422, 10919, 985

42, 234

22, 3893,3921,6352,2133,3963,2015, 9721,608

19, 8455,454

14, 391

3, 8688,8065,4854,4133,296

16, 366

1,6952,5674,325

64, 12960, 7523,377

64, 821

61, 4455,4322,6065,298

10, 0149,692

25, 90319, 683

3,376

2,04834, 2845,845

22, 644

1,52624, 58715, 606

$ goods icicts, appicts, and

12, 9432,3883,8162,278

18,1092,1306,6995,465

11, 2721,8314,0861,187

25, 6916,0342,3713,1301,9654,3351,7561,279

9,9643,862

11,865

7,0219,844

14,8354,0326,054

26,229

3,2876,388

10, 701

41,53122,44819, 083

43, 868

23,4033,6841,8542,3353, 5323,2116,1651,724

20,4655,717

14, 748

4,1458,9555,8344,4483,604

16,882

1,8442,5284,583

64,89661, 5433,353

66,068

62, 5345,6462,7305,467

10,3049,830

25,99319, 781

3,534

2,12434,7326,041

23, 171

1,60124, 58716,000

dustriesarel andrubber

12, 9512,4233,8622,250

18, 2852,1796,7445,537

11, 3531,8364,0921,197

26, 0056,2432,3343,1191,9704,4091,7871,296

10, 0283,876

12, 101

7,16710, 03914,9663,9926,017

26, 413

3,3846,519

10,735

42, 37923,05219,327

43,986

23, 5783,6031,7762,1773, 4273,4626,5262,268

20, 4085,580

14, 828

4,1198,9816,1124,2983,452

17,024

1,8103, 4024,450

67,29363,8443,449

67,388

63,8035,7502,7655,513

10, 47510, 14726, 55720,397

3,585

2, 24135, 3606,063

23, 724

1,71225, 38316, 181

are zero,related pand plas

13,0042,4283,9012,261

18,4682,2246,7775,589

11,4121,8344,1071,197

26,1566,2302,3383,1691,9814,4601,8161,293

10,0723,87712,207

7,24710,03615,0544,0036,071

26,629

3, 4236,581

10,815

45,43424,57820,856

44,129

23,7413,9942,1412,2473,3173,3326,5742,092

20,3885,604

14,784

3,9378,9605,8334,3323,39917,668

1, 6763,0354,584

69,15665,5433,613

68,814

65,1106,1023,0635,55810,61310,35827,08220,846

3,704

2,21935,8036,099

24,693

1,67725,84116,575

IFoiroducts,>tics pro<

'12,988^•2,445r3,963' 2, 188

••18,807' 2, 255'6,843r 5, 802'11,478' 1, 853' 4, 138' 1, 196

26, 375'6,357'2,394' 3, 174'1,985'4,460'1,809'1,295

'10,153'3,893'12,329

'7,329' 10, 251'15,266'3,941' 6, 072'26,789

'3,475'6,824'10,848

'47,398'26, 099'21,299

'45,833

'24,888'4,057'2,104'2,411' 3, 529'3,489'6,873'2,395

'20,945' 5, 745

'15,200

' 4, 173' 9, 141'6,036' 4, 538' 3, 600'18,345

'1,819'3,375' 4, 587

'71,337'67,646' 3, 691

'70,527

'66,762'6,434' 3, 238

5,681'10,857'10,581'27, 712'21,566

'3,765

'2,254'36,275' 6, 211

'25,787

'1,680'26,578'16,785

these inpetroleulucts) sal

13, 1442,4874,0252,200

19, 1142, 2466,8896,062

11,4661,8584,1431,206

26,5496,4982,3903,1711,9974,4941,8151,293

10,2833,893

12, 373

7,38910, 38315, 5384,0046,081

26,878

3, 5107,055

10,927

46,44325,21021,233

45, 099

24, 1643,8832,0412,1953,5673,6256,5402,084

20,9355,653

15,282

4,1039,1296,3124,3433,391

17, 821

1,8123,2864,815

72,74068,9473,793

71,969

68,1806,5163,2735,723

11, 17510,90028,29321,985

3,789

2,24237, 1566,285

26,286

1,69327,21017,286

dustriesm and c(es are co

.......

1 23, 800

124,100i 4, 200

i 6, 500

i 2, 800i 4, 900

169,000

169,200i 7, 000

128,500

food and>al prod-nsidered


June 1966 SURVEY OF CUERENT BUSINESS S-7


1964 1965

Annual

1965


1966


GENERAL BUSINESS INDICATORS—Continued

BUSINESS INCORPORATIONS d"

New incorporations (50 States and Dist. Col.):Unadjusted numberSeasonally adjusted do

INDUSTRIAL AND COMMERCIALFAILURES d"

Failures, total _ _ number

Commercial service _ _ _ _ _ d oConstruction doManufacturing and mining doEetail trade _ _ doWholesale trade ___ . . do

Liabilities (current), total. _ _ thous. $

Commercial service doConstruction _ doManufacturing and mining _ doRetail trade doWholesale trade do

Failure annual rate (seasonally adjusted)No. per 10j,000 concerns

197,724

13, 501

1,2262,3882 2546,2411,392

1,329,223

182 527262, 392361, 864281 948240, 492

1 53 2

203, 897

13 514

1 2992,5132 0976 2501 355

1,321,666

248 523290 980350 324287 478144 361

i 53 3

17, 71216,504

1,179

99228183535134

83, 247

6 03919, 55426, 09020 06711 497

50 8

16, 54016,043

1 183

126204191549113

133, 113

48 80617 72932,97820 94412 656

54 1

17, 63516, 671

1,094

90205172510117

144, 607

54 20735 60122, 43522 35310 Oil

50 1

16, 79416, 369

1,074

82205157514116

121, 485

4 89153, 37231, 14521 35210 725

52 8

16, 11416, 957

1,131

114208176533100

135, 039

47 12724 08030,09719 70414 031

56 9

15, 96217, 138

1,100

124205172479120

104, 976

23 03919 00724, 88027 46310 587

59 7

15, 88916,744

1,047

11021214549090

82 066

10 38119 13917, 86227 8766 808

51 5

15, 13017,418

1,033

10320115547797

71, 722

7 63514 42022, 53920 6066 522

51 4

18, 18516, 999

1,090

119210156492113

97, 575

7,89522, 74124, 97228 79313, 174

54.2

19, 73117,677

1,084

101203160515105

103, 175

8 02113, 87723, 02942 21616,032

50.7

16, 58517, 868

946

103167139430107

95, 536

8, 59524,30618, 16335, 1659,307

44.1

20, 15617, 305

1,226

130209171601115

103,471

11 00516 63029, 92829 74916 159

50 2

17,29917,022

1,106

121206154509116

110, 141

20 76135, 02422, Oil22 4449,901

47 4

COMMODITY PRICES

PRICES RECEIVED AND PAID BYFARMERS

Prices received, all farm products! 1910-14= 100. _Crops? _ _ do

Commercial vegetables _ _ doCotton _ doFeed grains and hay _ _ doFood grains doFruit _ _ doTobacco _ do

Livestock and products 9 doDairy products doMeat animals _ doPoultry and eggs do

Prices paid:All commodities and services _ do

Fainily living items doProduction items. _ _ _ _ do

All commodities and services, interest, taxes, andwage rates (parity index) 1910-14=100

Parity ratio §_ do

CONSUMER PRICES

(17. S. Department of Labor Indexes)

Unadjusted indexes:All items 1957-59=100__

Special group indexes:All items less shelter __doAll items less food doCommodities do

Nondurables doDurables 9 do

New cars _ doUsed cars ._ _ do

Commodities less food doServices do

Services less rent- __ _ doFood 9 _ do

Meats, poultry, and fish doDairy products doFruits and vegetables do

Housing doShelter 9 do

Bent doHomeownership do

Fuel and utilities 9 doFuel oil and coal doGas and electricity _ _ d o _ _ _ _

Household furnishings and operation_do_I__Apparel and upkeep doTransportation _ do

Private- _ doPublic , do

Health and recreation 9 doMedical care __ doPersonal care doReading and recreation do

Seasonally adjusted indexes:*Food.. doApparel and upkeep doTransportation do

'237'239••247

262166190

r307490

'236256270142

282300270

31376

108.1

108.0108 9105 2106 0103 0101 2121 6104. 4115 2117 0106 498.6

104 7115.3107 2108 7107 8109.1107 3103 5107.9102.8105 7109.3107 9119 0113.6119 4109 2114.1

248232

r261245173164

r236r 513

261r261r 319

145

288306276

32177

109.9

109.6110 4106 4107 9102 699 0

120 8105.1117 8120 0108 8105.1105 0115.2108 5110 6108 9111.4107 2105 6107.8103.1106 8111 1109 7121 4115.6122 3109 9115.2

'244243287

r247180164241

r 500r245

248292144

287303276

32076

109.3

109.1110 1105 9107 0103 0100 7120 6105.0117 3119 3107 399.8

104 5117.6108 2110 1108 8110.8107 2105 4107.7103.1106 3111 0109 5121 3115.4121 6110 7115.9

251r247' 321r252

182162249499254

r241r 319r 137

290r 307r 277

32378

109.6

109.4110 3106 2107 5102.9100 2121 1105.2117 5119 5107 9100.3104 2121.4108 2110 2108 8110. 8107 1104 6107.7103.1106 8111 4110 0121 3115.6121 8111 0115.9

' 254'241r282'254

180r 157r228' 499r265r240r 342r 139

290307278

32379

110.1

110.0110 3106 9108 6102 697 4

122 7105.1117 6119 7110 1106. 4104 0125.9108 2110 3108 8111.0106 9103 4107.8103.1106 9111 2109 7121 3115.7122 2111 0115.7

'252'232'249

253177160

'197'501

269'249'343

142

290307278

32378

110.2

110.1110 2106 9108 7102 397 2

123 0104. 7117 8120 0110 9109.2104 3124. 3108 3110 6108 9111.2106 6103 2106.9102.9106 1111 5110 0121 4115.3122 7108 7114.6

'249'223'233

244171162

'231'517

272'258'341'147

289305277

32178

110.0

109.8110 2106 6108 5101.897 1

120 3104.7117 9120 0110 1109.8105 0114.6108 2110 7109 0111.4105 3103 5107.7102.9106 4111 0109 5121 5115.6122 8109 0114.3

'249'223'237

249171160

'248'528

271'270'333

150

288305277

32178

110.2

110.0110 6106 6108 6101.796 5

118 9104.9118 5120 7109 7109.8105 3108. 5108 6110 8109 1111.6107 4104 3107.9103. 1107 2111.0109 5121 6115.8122 8109 2114. 8

'249'221'252

248161164

r 234'528

273277

r 332'151

288305276

32277

110.4

110. 2110 9106 9108 7102.197 7

119 4105.3118.7121 0109 7108.9105 5108.5109 0111 2109 2112. 1107 7106 9107.9103.3107 8111 2109 7121 6116.2123 0109 2115.2

'249'219'259

245156167

'211'550'275'282

332r 155

289307276

32277

110.6

110.4111 2107 1108 9102.498 7

118 7105.6119.0121 3109 7108.5105 8109.9109 2111 5109 3112.5107 9107 2108.0103.3108.1111. 5110 1121.6116.4123.4109 6115.4

259

'224259236166170'231'549

'290'281'357164

291309278

324

80

111.0

110.8111.3

107.4109.4102.498.7118.2

105.7119.3121.6

110.6110.1106.1111.0

109.4111.8109.5112.9

108.1108.6108.0103.6

108.1111.6110.1122.0

116.6123.7110. 0115.4

110.8107.6111.3

'226'287225171171'225540

293'277369160

293309281

327

a 111. 0

110.8111.1107.4109.6101.997.4114.8105.3119.5121.8111.4112.9106.6111.3109.2112.0109.7113.1106.4108.9107.9103.6107.3111.2109.6122.0116.9124.2110.4115.7

111. 6107.8110.8

'270'232'312

224174173

'232'545'303'277

384170

295312282

111.6

111.4111.3108.0110.6101.897.2

114.0105.4119.7122.0113.1115.7107. 0116.5109.4112.1109.8113.3106.5109.0108.2103.8107.6111.1109.6122.0117.1124.5110.8115.9

113.1108.0111.4

'269'231'291236170171'234'545303277380174

297314284

331'81

112. 0

111.9111.6108.4111.1102.097.1115.4105.6120.1122. 5113.9116.9108.1117.4109.6112.3109.9113.5106.6108.9108.2104.0108. 2111.4109.9122.1117.6125.3111.0116.6

114.2108.5111.8

'265'236'313

240172168

'243'547

291272365161

296314

333

112.5

112.4112.2108.8111.4102.397.4

117.4106.0121.1123.6114.0115.6108.9119.8110.3113.0110.1114.3108.3108.5108.3104.4108.7112.0110.5122.1118.1125.8111.6116.8

114.3108.8112.3

263239290240175174262546284266361150

296315

79

' Revised. 1 Based on unadjusted data.2 Beginning with indexes for Jan. 1966, data for six additional areas (Cincinnati, Houston,

Kansas City, Milwaukee, Minneapolis-St. Paul, and San Diego) have been incorporatedinto the national CPI. These areas were "linked" into the CPI as of Dec. 1965 and werefirst used in calculating the Dec. 1965-Jan. 1966 price change.

d"Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).

^Revisions for Jan. 1963-Mar. 1965 are available upon request.§ Ratio of prices received to prices paid (parity index). 9Includes data for items not

shown separately. * New series. Beginning with indexes for Jan. 1966, seasonally adjustedindexes for selected groups and subgroups of the CPI were published by the Dept. of Labor.Additional information and a description of the BLS Seasonal Factor Method are availablefrom the Bureau of Labor Statistics, U.S. Dept. of Labor, Washington, D.C. 20210.




1964 1965

Annual

1965


1966


COMMODITY PRICES— Continued

WHOLESALE PRICES^1

( 17. S. Department of Labor Indexes)

Spot market prices, basic commodities:22 Commodities 1957-59=100

9 Foodstuffs _ .. --. do13 Raw industrials _ _ d o _ _ _

Al l commodities _ _ _ _ _ _ _ _ _ _ do

By stage of processing:Crude materials for further processing— _ _ doIntermediate materials, supplies, etc doFinished goods O do

By durability of product:Durable goods. _ _ _ _ _ _ _ _ _ _ d o _ _Nondurable goods doTotal manufactures _ do

Durable manufactures _ _ _ _ doNondurable manufactures _ do_ __

Farm products and processed foods do

Farm products 9 doFruits and vegetables, fresh and dried-doGrains. _ _ _ _ _ _ _ _ _ _ d o _Livestock and live poultry do

Foods, processed 9- - - - - _ doCereal and bakery products doDairy products and ice cream _ __ _ doFruits and vegetables, canned, frozen, .doMeats, poultry, and fish do

Commod. other than farm prod, and foods. _do

Chemicals and allied products 9 - -doChemicals, industrial doDrugs and Pharmaceuticals doFats and oils, inedible doFertilizer materials.. doPrepared paint ._ _ _ _ do

Fuels and related prod., and power 9 _ doCoal... _ _ _ _ _ _ _ _ _ doElectric power. Jan. 1958=100.Gas fuels doPetroleum products, refined 1957-59=100__

Furniture, other household durables 9 d o _ _ _ _Appliances, household doFurniture, household _ _ _ _ _ _ _doRadio receivers arid phonographs. _ _ _doTelevision receivers do

Hides, skins, and leather products 9 _ _ . _ _ d oFootwear _ _ _ _ _ _ _ _ d oHides and skins doLeather do

Lumber and wood products..- _ __ doLumber do

Machinery and motive prod. 9 doAgricultural machinery and equip _ _ _ _ _ d oConstruction machinery and equip d o _ _ _ _Electrical machinery and equip. __doMotor vehicles. _ _ _ _ d o

Metals and metal products 9 — _ _do_Heating equipment doIron and steel _ _ _ _ _ _ do_Nonferrous metals _ _ . _ do

N onmetallic mineral products 9 — . doClay products, structural _ doConcrete products doGypsum products ... do

Pulp, paper, and allied products doPaper do

Rubber and products doTires and tubes . ' do

Textile products and apparel 9 _ doApparel.. _ _ _ _ _ _ d oCotton products. _ _ _ _ ... _ _ _ d o _Manmade fiber textile products doSilk products _ _ _ _ _ _ _ _ d oWool products. do

Tobacco prod, and bottled beverages 9 ... doBeverages, alcoholic. _ _ _ doCigarettes _ _ _ __ _ do _ _

Miscellaneous doToys, sporting goods. do

PURCHASING POWER OF THE DOLLAR

As measured by-Wholesale prices 1957-59=$!. 00__Consumer prices. _ _ do

1 97. 7!88.8

1 104. 6

100. 5

94.1100. 9101.8

102. 499. 1

101. 1102. 599.7

98. 0

94. 3103. 294.184.7

101.0107.8107.8104.890.8

101. 2

96.794.295.096.8

100. 1104.7

97.196.9

101. 1121. 392.7

98.591.3

105.381.590.9

104. 6108.587.5

102.9100.6100.7

102. 9112.9112. 496.8

100.5

102.892. 0

100.5105.9

101.5104.2100.9108.299.0

103.692. 589.0

101.2102.899.695.8

117.3103. 0

107.4100.7105.6109.2101.0

$0.995.925

* 104. 7191.9

1 114. 6

102.5

98.9102.2103.6

103.7"101.5102.8103.7101.9

102.1

98.4101.889.698.9

105. 1109.0108.5102.1101.0

102. 5

97.495.094.4

112.7103.5105.4

98.996.5

100.8124.195.9

98.089.2

106.280.288.5

109.2110. 7111.2108.1101. 1101. 9

103.7115.1115.396.8

100. 7

105.791.7

101.4115.2

101.7105. 1101.5104.099.9

104. 192.990.0

101.8103.7100.295.0

134. 3104.3

107. 7100.8105.8111.0102. 7

$0. 976.910

105.390.6

116. 7

101.7

96.9101.8102.8

103.4100.4102. 1103.4100. 7

100.2

97.6117.791.291.4

102.3108.3107. 5100. 993.6

102.1

97.694.894.8

121.2104.3104.4

97. 694.6

100.8122.594.1

98.089.4

106.081.188.9

106.3109.796.3

103.6100. 5101.0

103.7114.6115.097.0

100.8

105.291.9

101.4113.4

101.9104.9101.3108. 199.8

103.992.388.5

101.5103.199.796.1

134.5103. 1

107. 8100. 7106.5110.3102. 4

$0. 983.915

105.290.3

116.9

102. 1

98.3101. 9103. 2

103.6100.8102.4103. 6101.1

101.1

98.4118.591.096.2

103.3108.3106. 8100.497.7

102.3

97.694.895.0

116.7104.3105.7

98.494.6

100. 8122.295.4

98.089.2

106.081.188.9

107.4109.7105.9104.2100.4101.0

103.7114.7115.197.1

100.8

105. 791.6

101.5115.2

101.9104.9101.3108.1100.0104.092.989.7

101.6103.299.996.0

135.1103.8

108.1100.8107.3108.9102.5

$0. 979.912

104.290.1

115. 3

102.8

100.6102. 2103.9

103.7102. 0103.0103.7102.3

103.5

100. 3109.0

89.6104.6

106.1108. 5107.1101.5105. 5

102.5

97.494.893.9

114.0104.3105. 7

98.794.7

100. 8122.796.0

98.089.4

105.981.188.9

107.7109.8103.1107.6100.3101.1

103.8114.7115.296.9

100.7

105.992.0

101.3116.2

102.0104.9101.6107. 5100.0104. 193.190.2

101.9103.6100.295.9

132.2104.0

107.6100.7105.6111.0102.5

$0. 973.908

103.389.0

114.6

102.9

100.5102.3104.0

103.7102.2103. 1103. 7102. 5

103.7

100. 0103.9

88.4105.0

106.6109.3107.8101.8106.3

102.5

97.495.094.0

110.3103.3105.7

98.795.2

100.7122.596.0

97.889.2

105.979.687.8

108.8110.0117.4105. 9100.5101.2

103.7114.9115.397.0

100.7

105.891.7

101.5115. 5

101.9105.3101.7105.799.9

104.193.090.2

101.9103. 8100.395.7

127.6104.4

107.6100.7105.6112.6102.9

$0. 972.907

104.791.2

115. 2

102.9

100.8102.4103.8

103.9102.0103.2103.9102.4

103.3

99.185.588.3

106.4

106.7108.8108.5100.4106.3

102.7

97.195. 093.9

104.4102.1105.7

99.095.8

100.8123.996. 4

97.788.6

106.179.088.0

112.2110.2133.4112.5101.8102.5

103.8114. 8115. 696.7

100. 7

106. 291.9

101.4116.5

101.6105.3101. 5100.699.9

104.193.291.1

101.9104.1100.494.7

132.8105.0

107.6100.7105.6111.5102.7

$0. 972.909

105.493.2

114.8

103.0

100.0102.5104.1

103.9102.2103.2103.9102.5

103.5

99.596.189.3

102.6

106.7109.1109.1101. 8105.3

102.7

97.295.093.9

108.4102.5105.7

99.296.6

100.8125.396.4

97.788.6

106.279.088.0

111.3110.3124.9110.9102.0103.1

103. 8115.0115.696.6

100.5

106.291.9

101. 2117.0

101.6105.4101.699.9

100. 0104.193.391.1

102. 1104.2100. 694.2

134.9105.2

107. 7100.9105. 6111.5103.2

$0. 971.907

105.693.4

115.0

103. 1

100.1102.6104.3

104.0102.4103.4104.0102.7

103. 6

99.495.688.6

103.2

106.9109.4109. 4104.7104.9

102. 8

97.695.494.1

110.1103. 4105.9

99.497.3

100.8125.896.6

97.888.6

106. 479.287.9

113.3113.6125.6111.9101. 6103.0

103.9114.9115. 896.6

100.5

106.391.9

101.2117.4

101.6105.4101.699.1

100.5104.593. 491.1

102.0104. 3100.893. 3

140.3105.4

107.7100.9105.6111.2103.1

$0. 970.906

106.193.9

115.5

103.5

100.8103.0104.7

104.2102. 9103.7104.2103.2

104.3

100.394.287.4

104.0

107.6110.6110.4105.4105.5

103.2

97.595.594.7

106.7103.8105.9

100.397.5

100.8126.898.1

98.088.6

106.679.287.9

113.6113.7126.5113.3101.6103.0

104.1116. 8116.496.5

100.5

106.791.6

101.3118.7

101.6105. 4101.898.6

100.8104.893.5

.91.1

101.9104.2101.092.5

142.2105.4

107.7100.9105.6113.2103.0

$0. 966.904

108.997.9

117.1

104.1

103.2103.0105. 3

104.2103.9104.1104.2103.8

106.5

103.092.290.1

109.0

109.4111.2111.3105.1110.5

103.2

97.695.594.6

110. 11C3.8105.9

100.697.6

100.7128.698.4

98.288.8

106. 779.287.9

114.6113.8132.3114.2101.9103.4

1C4.2117.0116. 596.6

100.5

106.691.6

101.7117.2

101. 6105.6101.897.4

100. 9104. 993.591.1

102. 0104.3101. 291.9

143.6105. 4

107.9101.3105.6112.5103.1

$0. 961.901

112.0100.7120.5

104.6

105.2103.4105. 6

104.6104. 5104.4104.5104.3

107.7

104.597.592.4

112. 6

110. 3111. 8110.9104.7112. 7

103.5

97.695.194.4

113. 1103.8105.9

100.598.1

100.4128.298.3

98.3'89.0107.0

78.487.9

116.0114. 4140.0116.6102.8104.3

104.4117.3116.997.0

100.5

107. 091.5

102.0118.3

102.0105.6102.0101. 4101.2105.293.791. 1

101.9104.6101.091.3

147.6105.9

108.1101.1105.6114. 3103. 2

$0. 956.901

113. 8101.9122.9

105.4

107.5103.8106.3

104.9105.5104.9104.8104.8

109.8

107.498.092.9

116.7

111.8. 112.1

112.7105.5114.9

103.8

97.695.294.5

110.0104.7105.9

100.398.2

100.4128.997.8

98.489.0

107.278.587.7

117.8114.9152.8118.0103.7105.6

104.7117.8117.597.8

100.4

107.591.7

102.2119.5

102. 1105.8102.1101.4101.3105.494.191.1

102.0104.7101.591.0

155.3105.8

108.0101.0105.6116.0103.3

$0.949.896

113.6100.7123.5

105.4

106.9103.9106.4

105.3105.3105.0105.1104.7

109.4

106.8101.390.8

114.2

111.5112.2

' 115. 0' 104. 8

113.3

104.0

97.695.294.4

106.4104.7105.9

99.997.5

100.4128.2

97.2

98.489.1

107.278.487.2

118.7115.3147.8123.3105.6107.4

105.0118.0117.998.2

100.3

108.091.8

102. 3120.8

102.1105.9102.2101. 4101.8105.494.391. 1

102. 1104.7101.890.8

151. 4106.0

109.2101. 0109.5113.1103.3

$0. 949.893

112.5100.8121. 5

105.5

106. 4104.3106.3

105.7105.1105.1105.6104.6

108.7

106. 4' 110. 3

91.2112. 4

' 110. 6112.6

' 114. 8' 104. 8'110.9

104.3

'97.695.6

'94.1' 104. 0

105.5' 106. 2

100.0'94.9100.3

' 129. 297.7

'98.6'89.3

' 108. 378.4

'86.8

' 120. 8' 118. 6

148.8122.4108.4

' 110. 9

105. 2118. 1

' 118. 5' 98. 4

' 100. 2

' 108. 292.1

102.0'122.1

'102.3106.0102. 7101.4102.3

' 106. 095.494.4

102. 2' 104. 7

102. 390.5

151.6106.3

109.4101.0110.0113.0

'103.7

$0.948.889

110.7100.4118.3

105.5

104.5104.8106.2

106.1105.0105.5106.0104.8

107.8

104.5102.793.6

110. 4

110.5113.0114.9105.4110. 9

104.7

97.795.894.1

102.5106.6106.2

100. 596.9

100.2128.398.4

98.989.4

108.878.486.8

122.8119.2163. 0125.1109.7113.1

105.7118.1118.798.6

101.0

108.492.1

101.8122.6

102.4106.3102.7102.2102. 6107.195.494.4

102. 2104. 8102.689.9

140.9106.5

109.4101.0110.0115.1103.7

$0. 948

' Revised. * Preliminary l Annual averages computed by OBE.cf For actual wholesale prices of individual commodities, see respective commodities.

O Goods to users, including raw foods and fuels. 9 Includes data not shown separately.




1964 1965

Annual

1965


1966


CONSTRUCTION AND REAL ESTATE

CONSTRUCTION PUT IN PLACE f

New construction (unadjusted), total _mil. $__

Private, total 9 doResidential (nonf arm) _.. do

New housing units do. __Nonresidential buildings, except farm and pub-

lic utilities total 9 mil $Industrial . _ _ _ d o _ __Commercial— ..__ _ _ _do_ __

Farm construction doPublic utilities . do. _

Public, total 9 do

Buildings (excluding military) _doResidential _ do

Military facilities _ _doHighways and streets. do

New construction (seasonally adjusted at annualrates), total mil. $

Private, total 9 _ do. __

Residential (nonfarm) doNonresidential buildings, except farm and pub-

lic utilities, total 9 mil. $Industrial doCommercial _ _ ^ do.

Farm construction _ _ _. doPublic utilities do

Public, total 9 . „_ do

Buildings (excluding military) doResidential _ _ _ do.

Military facilities .doHighways and streets do

CONSTRUCTION CONTRACTS

Construction contracts in 48 States (F. W. DodgeCo.):

Valuation, total mil. $

Index (mo. data seas, adj.) 1957-59=100__

Public ownership mil $Private ownership __ _ _ do_ _By type of building:

NonresidentiaL _ doResidential _. _ do

Non-building construction. _ ._ _. _ doNew construction:

Advance planning (ENR) § doConcrete pavement awards:

Total thous. sq. ydsAirports doRoads _ doStreets and alleys _ _ _ _ _ _ . _ doMiscellaneous do

HOUSING STARTS AND PERMITS

New housing units started:Unadjusted:

Total, incl. farm (private and public) thous _ _One-family structures- _ _ do_

Privately owned do

Total nonfarm (private and public) _. doIn metropolitan areas. _ __ __ do__

Privately owned. _ do

Seasonally adjusted at annual rates:Total, including farm (private only) doTotal nonfarm (private only) _ do

New private housing units authorized by bldg. per-mits (12,000 permit-issuing places) :

Seasonally adjusted at annual rates:Total thous_.

One-family structures _ _ _ do-

CONSTRUCTION COST INDEXES

Dept. of Commerce composite 1957-59=100--American Appraisal Co., The:

Average, 30 cities 1913—100Atlanta doNew York doSan Francisco doSt. Louis do

Associated General Contractors (building only)1957-59=100-

66,221

45, 91426, 50720, 612

12 9983,5725, 4061, 2214,850

20, 307

7,052474968

7,144

2 47, 299

31372 15 3712 31, 9282 15, 4952 20, 5612 11, 244

44, 405

123 7685 352

89, 87225, 5782,967

1, 590. 7973.0

1, 557. 4

1, 563. 71, 117. 71, 530. 4

1,286720

112

802878888792785

119

' 71, 903

49, 99926, 68920, 765

16 5215, 0866,7041 1955,178

' 21, 904

' 7, 684'464

883r 7, 539

49, 831

144

16 33033, 501

17, 47021, 46110, 900

45, 625

125, 5804,410

86, 77929, 0165,376

1, 542. 7963.5

1, 505. 0

1, 520. 41, 067. 51, 482. 7

1,242709

116

824904925814808

123

5,634

3,9482,1341,559

1 28237652092

409

1,686

6123066

553

71 411

49, 717

26, 675

16 2204, 7756,7091,2095,181

21, 694

7,351393888

7 559

4 770

152

1 5393,231

1,5462,1391,086

3,322

154. 9100.2152.2

152.8102. 5150.1

1 5521,532

1,187677

114

815901917804803

121

6, 197

4 3192,3711,728

1 38244053495

435

1 878

6583277

645

71 973

50, 132

27 070

16 3905 4166,0911, 2015 034

21, 841

7,536395887

7 512

4 864

145

1 5173,348

I 7752,0741, 015

2,962

162.1102.3157.5

159.8110. 4155.2

1 5161,501

1,240722

114

818901917804810

122

6,768

4 6472,6301,935

1 423440560102456

2,121

7084083

778

71 756

50, 317

27 224

16 3005 4266,1991,1965 187

21, 439

7,315451834

7 523

4 625

139

1 5533,072

1 5512,- 080

993

4,174

34 4551 601

22, 4218,9911,443

162.399.9

155 5

159.7114.3152.8

1,5661,539

1, 254703

116

820901917804809

123

6,768

4 5872,5912,019

1 397422548109454

2,181

6964478

880

70 358

49, 122

26 983

15 4064 9075 8821,1885 185

'21, 236

7, 382471980

7,499

4 795

149

1 7503,045

1 6911,9521, 151

3 215

143.994. 1

141 3

141.695.1

139.0

1,4731,447

1,243704

116

825907917804809

124

6,806

4 6232,5272, 009

1 488438615112465

2,183

7034586

851

70 863

49 222

26 621

15 9494 9736 2391,1865 142

21, 641

7, 609472910

7 494

4 265

139

1 3132 952

1 5071,971

788

3 714

138.088.5

134 7

136.294.8

132.8

1 4271,409

1,217692

116

827908917804809

124

'6,789

4 6072,4501,955

1 549478646107465

r 2 182

'722'48

91'825

'72 830

50, 167

26, 413

16 9845, 321

, 6, 9771,1865, 208

'22,663

' 8, 187' 505

1,025' 7, 689

4 153

147

1 3322,821

1, 4641, 756

934

3,915

33 048857

20, 6929,5491,950

125.980.0

124.3

124.387.8

122.7

1,4531,436

1,180677

117

829908939834809

124

' 6, 754

4 6062,3701, 897

1 605478678104487

' 2 148

'728' 50

82'799

'72 687

50, 084

26, 343

16 9235, 0687,0561, 1855,196

'22,603

' 8, 311' 522

832' 7, 734

4,356

147

1 2943,061

1,5821,897

877

3,895

135.787.2

133 6

133.094.8

130.9

1 4111,380

1,259741

117

834909940834805

124

' 6, 486

4 5302 2831,836

1 60550068299

500

' 1, 956

'687'46

88'666

'74 039

51, 209

26 243

17 8395 2917 7061,1835 429

'22, 830

' 8, 382'525

967'7,398

3, 745

141

1,1632,582

1,3281,696

721

4,618

118.371.4

116. 1

117. 178.8

114.9

1,5471,531

1,282736

117

835909940834815

124

'6,010

4 3812 1381,723

1 63557564095

466

' 1, 629

'637'42

63'468

'76 046

53, 445

26 684

19 5516, 2508, 0171,1825,412

'22,601

' 8, 196'522

760' 7, 559

3,698

153

1,3042,395

1,4331,446

819

5,707

29, 1471,329

20, 8315, 6391, 347

103.259.9

102 3

101. 675.9

100.8

1,7691,735

1,325735

118

837909941837817

124

' 5, 065

3,6511, 8431,483

1 30244251092

367

'1 414

' 588' 38

54'362

'76 055

53,285

27,460

18 8125 9877,8461,1855 220

'22,770

'8 404' 524

733' 7 507

3 374

149

1 1252,249

1, 1771,290

906

3,384

87.348.284 6

86.361.583.7

1 6111,585

1, 262709

118

840913945839821

124

4,650

3,3891,6271,315

1 26645345191

354

1,261

5563752

277

77 017

54, 290

27, 463

19 3886, 6297,2941,1905 512

22, 727

8,357529823

7 457

3 270

144

1 0662,204

1,2591,299

712

3,942

'81.0'46.8r 78 2

' 79. 5'55.4'76.7

' 1, 374' 1, 349

1,191659

118

843916946840822

124

' 5, 418r 3, 861' 1, 873'1,443

' 1 452'511'530

92395

' 1, 557

'6183869

436

'78 140

'55,066

'27 279

'20 495'7 073' 7, 672

1,194' 5 409

'23,074

' 8 355530

1,0097 409

4 737

158

1 4633 274

1 7262,0041,007

4,608

25 684513

21, 2983,161

711

' 130. 980.8

•r 126 3

'128.790.9

' 124. 1

' 1 569' 1 538

' 1, 293'760

118

845917949841830

124

'5,986

'4 228'2 192' 1, 621

1 46550453891

'431

' 1 758

'67841

(i)538

'75 839

'53,342

'27 447

18 5576 4006 9421, 197

' 5 458

'22, 497

'8 148535

(i)7 360

5 098

161

1 5743,524

1 8832, 0811, 134

3,686

' 148. 897.2

' 146 7

' 146. 6105.5

'144.5

' 1 499' 1, 478

' 1, 169'641

'119

854926954852836

125

6,560

4 6112 4321,799

(i)(i)(i)

96474

1 949

72043

(i)628

76 234

53 584

27 820

(i)0)0)

1 2015 474

22 650

8 383535

(i)7 309

3,578

137.8

133 9

134.5

130. 6

1,3061,275

1,091601

119

126

' Revised. l Not yet available; estimate included in total. 2 Annual total includesrevisions not distributed to months. 3 Computed from cumulative valuation total,

f Revised series. Monthly data for 1962-64 appear on p. 40 of the May 1966 SURVEY.

9 Includes data not shown separately.§Data for Apr., June, Sept., and Dec. 1965 and Mar. 1966 are for 5 weeks; other months,

4 weeks.

217-518 O-66-5




1964 1965

Annual

1965


1966


CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION COST INDEXES— Con.

E. H. Boeckh and Associates: fAver age, 20 cities:

All tvpes combined . 1957-59=100Apartments, hotels, office buildings. _doCommercial and factory buildings doResidences do

Engineering News-Record:Building doConstruction do

Bu. of Public Roads— Highway construction:Composite (avg for year or qtr.) 1957-59—100

CONSTRUCTION MATERIALS

Output index:Composite, unadjusted 9 1947-49—100

Seasonally adjusted do

Iron and steel products, unadjusted doLumber and wood products, unadj doPortland cement unadjusted do

REAL ESTATE

Mortgage applications for new home construction:Applications for FHA commitments

thous. units. .Seasonally adjusted annual rates J_ .do

Requests for VA appraisals doSeasonally adjusted annual rates J do

Home mortgages insured or guaranteed by-Fed Hous. Adm.: Face amount mil. $Vet Adm * Face amount! do

Federal Home Loan Banks, outstanding advancesto member institutions end of period mil $

New mortgage loans of all savings and loan associa-tions, estimated total mil. $

By purpose of loan:Home construction doHome purchase doAll other purposes do

New nonfarm mortgages recorded ($20,000 andunder) estimated total mil $

Nonfarm foreclosures number

Fire losses Con bld^s contents etc ) mil $

113.4114. 6113.4111. 6

116.1123. 2

102.0

152. 6

154.2151.9183 2

182.1

113.6

6, 573. 222 852 21

5 325

24, 505

6 51510, 3977 593

36 921108 620

1 367 13

117. 2118.5117.2115.2

118.9127. 8

105.7

157.1

161 1157.5186 2

188.9

102.1

7, 464. 592 652.23

5 997

23, 847

5 92110, 6967 230

116 664

1 455 63

115.6117.0115.5113.7

117.8X26.0

162.7160.0

183.4159.1179 4

18.71879.5100

541. 38178 87

5 219

2,068

558850660

10 259

128 48

116.1117.5116 1114.1

117.8126.0

159 6148.9

165 9155.5207 3

16.6180

10.4113

515. 58182 49

5 227

2,022

526861635

9 578

116 92

117.2118.4117 3115.0

118.8127.6

106 9

171 2160.3

170.0161.9233 2

15.71549.7100

610. 77217 36

5 586

2,399

6141,099

686

10 248

119 54

118.0119.2118.1116.0

119.1128.6

159 5165.6

163 6149 1236 2

15.11658.695

646. 67217 21

5 793

2,186

5201,063

603

9 753

lqO 5°

118.2119.4118.3116.1

119.5129.5

176.7160.8

187 5167 5246 7

17.31868.995

757. 29244 70

5 770

2,187

5111,099

577

9 521

111 78

118.4119.7118. 5116.4

120.1129.8

106.7

171.0164.1

161 6173 8224 5

16. 61898.497

755. 77254. 42

5 802

2,079

4901,015

574

9 806

11 5 44

118.8120.0118 8117.0

120.4129.8

165 9146.8

159.8166 3235 8

15.11927.2

94

714.36245 00

5 826

1,961

487910564

9 577

108 72

118.9120.1118 9117.0

120.2129.7

150.0157. 2

143 6159.5188 1

14.52226.8100

706. 02242. 64

5 724

1,825

431834560

9 642

112 28

119.5120.7119.5117.6

120.4130.0

106.6

144.9168.8

148.0156.6150 2

13.32196.7105

698. 25227. 87

5 997

1,996

491865640

10, 421

124 04

119.7121.1119.8117.1

120.5130.0

134. 8144.4

136.4' 148. 0

103.6

13.62145.989

727. 41236. 31

5, 898

1,549

322640587

9,375

120 40

119.5120.6119.5117.6

121.7131.2

137.1155.5

' 144. 0151.4101.6

13.81795.4

72

511. 89189. 76

5,739

1,554

307645602

9,211

131 10

119 8120.8119 8118 0

122.0131.4

109 0

178.0172.2

17.71609.192

607.09163. 04

5 687

' 1, 998

'454'814'730

10, 179

133 36

120.3121.4120.3118. 7

123.1132.4

16.0168

10.1111

515. 71131.82

6,516

1,891

429802660

123 59

1 123. 71 133. 4

12.81339.498

497. 79

DOMESTIC TRADE

ADVERTISING

Printers' Ink advertising index, seas, adj.:Combined index 1957-59—100

Business papers doM^agazines do

Outdoor doRadio (network) doTelevision (network) do

Television advertising:Network (major national networks) :

Net time costs total HP! $Automotive incl accessories doDrugs and toiletries doFoods soft drinks, confectionery doSoap*3 cleansers etc doSmoking materials doAll other do

Spot (natl. and regional, cooperating stations):Gross time costs total mil $

Automotive, incl. accessories. ... doDrugs and toiletries doFoods, soft drinks, confectionery doSoaps, cleansers, etc... doSmoking materials doAll other do

Magazine advertising (general and natl. farm maga-zines) :

Cost total mil $Apparel and accessories doAutomotive, incl. accessories. doBuilding materials doDrugs and toiletries doFoods, soft drinks, confectionery do

Beer, wine, liquors doHousehold equip., supplies, furnish ings.. d o _ _ _ _Industrial materials. __ __ _ __ _do _Soaps, cleansers, etc doSmoking materials doAll other _ ._ __ _ do

12511213610389

103157

1, 145. 996.5

360.6209.5103.2146.8229.2

1, 016. 038.5

192.9352.798.550.2

283.2

996.861.8

110.727.1

108.9134.8

58.371.748.416.038.3

320.9

13612214710992

108175

1, 260. 399.1

409.2234.8112. 0145.4259.8

1, 075. 538.9

207.4377.7100.448.7

302.4

1, 076. 964. 8

111.730.4

115.9133. 9

69.371.550.521.741.6

365.6

« '130114

82

« '170

103.48.6

11.93.79.7

11.3

6.17.74.62.83.4

33.5

'135126

'145'104

108'119

103.76.6

11.03.79.4

11.6

5.99.24.92.7.3.635.2

'135114

'145'110

99'112'178

279.217 388.756 627 931 057 7

273.69 5

48 197.725 913.479.1

86.62.49.03.19.8

12.7

6.06.14.21.44.3

27.5

'13512215110877

'101'173

68.7.9

5.92.48.39.4

4.63.83.91.73.3

24.3

'141129

'160'108

91'89

'178

65.36.64.41.78.08.5

3.23.43.11.63.5.

21.3

'138126

'145'113

78'118'183

269.216 391.052.026.829 353 8

248 310 151 182.726 410.567.5

90.010.13.63.0

10.19.3

5.26.05.01.63.4

32.7

13812614711297

126174

120.58.0

16.93.2

12.013.1

7.38.56.52.23.9

38.8

143131151112108110187

117.85.9

15.22.2

12.314. 3

9.29.15.71.73.7

38.6

142121159111109102182

401.544.4

123. 967 328.646.790.6

303 910 656. 4

107. 125 811.592.5

91.53.97.21.2

11.911.1

11.35.43.9.9

3.431.3

14413115611596

125184

64.61.78.81.66.67.7

2.43.02.91.12.2

26.7

83.14.0

11.22.39.1

10.7

3.83.63.31.52.6

31.0

354.524.0

116.372.230.341.170.6

290.212.957.0

107.826.312.773.6

101.96.8

11.53.4

10.812.2

5.27.64.01.42.5

36.4

112.49.2

12.54.7

11.110.9

6.08.94.21.73.0

40.2

' Revised. 1 Index as of June 1, 1966: Building, 124.5; construction, 135.4.? Copyrighted data; see last paragraph of headnote, p. S-l.0 Revisions for Jan.-Mar. 1965 are as follows (unit as above): Combined index, 130; 131;

135; magazines, 136; 143; 145; newspapers, 112; 107; 110; radio, 96; 98; 108; television, 169; 164; 171.

9 Includes data for items not shown separately.t Revised seasonally adjusted data for 1958-64 will be shown later.§ Data include guaranteed direct loans sold.


June 1966 SURVEY OF CURRENT BUSINESS S-ll


1964 1965

Annual

1965


1966


. DOMESTIC TRADE—Continued

ADVERTISING— Continued

Newspaper advertising linage (52 cities) :Total _ ___mil. lines__

Classified doDisplay, total _ _ _ ._ .do

Automotive doFinancial - _» - do _General __ •__ __doRetail do

RETAIL TRADE

All retail stores: fEstimated sales (unadj.), total t mil. $

Durable goods stores 9 -- - doAutomotive group d o _ _ _ _

Passenger car, other auto, dealers doTire, battery, accessory dealers _ do__

Furniture and appliance group 9 doFurniture, homefurnishings stores, -do _Household appliance, TV, radio. _ _ _ _ d o

Lumber, building, hardware group. doLumber, bldg. materials dealers cf____doHardware stores do

Nondurable goods stores 9 __doApparel group do

Men's and boys' wear stores . _ doWomen's apparel, accessory stores _doFamily and other apparel stores doShoe stores do

Drug and proprietary stores _._doEating and drinking places .. _ d o _ _ _ _Food group .. __do

Grocery stores doGasoline service stations _ do__

General merchandise group 9 doDepartment stores do _Mail order houses (dept store mdse) doVariety stores do

Liquor stores _ _ _. do

Estimated sales (seas, adj.), total f do.

Durable goods stores 9 doAutomotive group _ do_ _

Passenger car, other auto, dealers doTire, battery, accessory dealers do

Furniture and appliance group 9 doFurniture, homefurnishings stores do __Household appliance, TV, radio do

Lumber, building, hardware group doLumber, bldg. materials dealers cf doHardware stores _ do__ _

Nondurable goods stores 9 — - ..do

Men's and boys' wear stores do_Women's apparel accessory stores doFamily and other apparel stores doShoe stores do_ _

Drug and proprietary stores doEating and drinking places doFood group do

Grocery stores doGasoline service stations do

General merchandise group 9 doDepartment stores doMail order houses (dept. store mdse.) doVariety stores do

Liquor stores do

Estimated inventories, end of year or month: tBook value (unadjusted), total f mil. $

Durable goods stores 9 — - _ _ _ _ d oAutomotive group doFurniture and appliance group. __doLumber, building, hardware group, .do

Nondurable goods stores 9 .. doApparel group doFood group doGeneral merchandise group do

Department stores _ _ . . do

Book value (seas, adj.), total t doDurable goods stores 9 do

Automotive group doFurniture and appliance group doLumber, buildine. hardware erouD— _do.___

2, 973. 5787 1

2,186.3159 760 9

292.51 673 2

261 630

84 17348, 73045 7992 931

13, 0908 0794,199

11 3408,6902 650

177, 45715 2823,1215,9443 6262,591

8,61319, 57762, 86457 27220, 269

32, 35020, 8092 4024,9486,011

30, 18112, 8545,5782,2272,461

17, 3273,4323,8225,3813,174

31, 13013, 1365, 6452,2722. 550

3, 164. 6865.6

2, 298. 9170 463.4

288. 51,776.7

283 950

93, 71856, 26653 2173 049

13,7378,5384,223

12, 1159,3022 813

190, 23215 7523 2586,2433 6802 571

9,33521 42366, 92061 06821 765

35, 84023 4212 5815 3206 305

32, 90314, 4337,1892,3122,427

18, 4703 6774, 0745,8313,466

33, 95714 7827,3292,3592.512

271.872 7

199.116 65 7

25.4151 4

23 525

7,9845,0564 796

260

1,015642298

973745228

15, 5411,383

265538309271

7381,7135,4364 9691,765

; 2, 8421,841

199436486

22,849

7 4544 4724,218

254

1 104675337

942724218

15,3951 242

265485289203

7621 7465 4514 9861 792

2 8391 850

205420516

33, 38414, 981

7, 1512,4162,611

18, 4033,7793,8625,9233,465

32, 54614, 2986,5132, 3952.538

286.079 9

206.016 95 0

28.5155 6

23 820

8,1445,0064 729

277

1,044666312

1,090839251

15, 6761 256

256496282222

7511,8315,4965 0101, 844

2,8091,836

194423510

23 317

7 6164 5554 295

260

1 088682332

1 004776228

15,7011 299

271502306220

7551,7695 4975 0211 811

2 9401 909

215450530

33, 27715, 0987,3382,3892,611

18, 1793,7093,8035,8473,419

32, 82314, 5666,8132,3832.535

266.075 7

190.317 35.4

24.9142 7

23 825

8,3625,0944 812

282

1,106708329

1,143900243

15,4631 208

268456275209

7461,8655,4774 9861,895

2,7461,806

184409497

23322

7 6654 6064 359

247

1 099699334

1 Oil783228

15,6571 278

262501303212

7601,7695 5345,0531 824

2,8941 885

211442525

33, 08715, 0027,3082,3832,590

18, 0853,6313,8035,8253,378

33, 01414,5466,9002,3932,525

238.774 1

164. 613 45.7

18.2127 3

24 129

8 0664,8214 540

281

1,129724335

1,160916244

16,0631,145

236440278191

7662,0156,0435 5191,963

2,6631,731

172412542

23 668

7 8274 7434,491

252

1 118722334

1 016782234

15,8411 315

268510326211

7751,8125 5715,0761 831

2,9611 936

219443527

32, 93514, 9187,3002,3382,547

18, 0173,6383,7625,8553,400

33, 08814, 5926,9792,3572,525

261.479 1

182 313 33 9

18 1147 1

22 989

7,4484,2433 984

259

1,139724347

1,119889230

15, 5411,173

226443309195

7571,9845,4534,9561, 926

2,8651,863

212426497

23,585

7 7554 6604,402

258

1 127706353

1 002768234

15,8301 306

271500327208

7791,8075 5685,0781,820

2,9881 961

211448513

32, 74314, 3176,6152,3962,520

18, 4263,9303,7356, 0253,517

33, 36014, 8197,2132,4012,507

271.972 9

198.913 24 6

27.4153 8

22 732

7,0823,7843 540

244

1,201712393

1,102865237

15, 6501 324

250496348230

7591,8565,4985 0171,820

2,9621,942

223422505

23 753

7 7684 6584,398

260

1 184'716389

1 002765237

15,9851 343

278508344213

7941 8145 5865,0971 827

3 0431 982

223452530

32, 52713, 6235, 9452,4262,529

18, 9044,1413,7206,3093,693

33,04514, 8217,0362,3932,534

296.378 4

217. 918 85 4

30.6163 2

25 067

8 4134 9944 719

275

1,272790394

1,132885247

16,6541 360

280553310217

7981,8785,9625 4481,884

3,1222,035

225448533

24.194

7 8654 6144 345

269

1 221'749380

1 021775246

16,3291 321

276535290220

8161 8255 7885 2711 843

3 0551 978'220459531

33,70814, 0166,3442,4192,526

19, 6924,2133,8926,7494,023

33, 29614, 7827,2502,335?,562

292.471.8

220.714 65.2

28.7172 2

25 158

8,3904,9544,689

265

1,318819397

1,098846252

16,7681 455

299602341213

7861,7475,5775 0721,849

3,6002, 344

328484561

24 647

8 0924 7764 509

267

1 218*756366

1 074819255

16.5551 384

280566311227

8181 8105 7575 2351 860

3 1992 087

235469543

34, 77114, 5336,7722,5022, 525

20,2384,2663,9826,9204, 175

33, 53314, 7747,3042, 3832,563

285.462 0

223.49 65.4

22.9185 6

30 601

8 9764,8354 516

319

1,619941546

1 084729355

21, 6252 418

554992566306

1,0891 8816 5595 9771 889

5,6443 745

358888826

24 816

8 2524 9534*714

239

1 207*735378

1 070825245

16,5641 340

269560297214

8281 8755 9565 4321 838

3 0692 019

?09433533

32, 90314, 4337,1892,3122,427

18, 4703,6774,0745, 8313,466

33, 95714, 7827,3292,3592.512

240.073 7

166 312 87 8

18.8126 8

29 054

6 9854 3004 089'211

1, 058645342

817619198

15 0691 152

249466244193

7781 7085 6005 1271 815

2,3751 564

166313496

25 023

8 3244' 8844' 610

274

1 208' 759378

I 149896253

16 6991 417

289570318240

8061 8795 7835 ?781 907

3 2302 119

243451560

33 10314, 9237 5412,3122,462

18,1803 5443 9595, 9333,442

34, 11314 9497,3152,3982.541

231.069.5

161.513. 14.7

22.1121.7

21, 260

6, 9984,3664,166

200

1,015614335

774594180

14, 2621, 009

200428213168

7521,6185,3484,8741, 667

2,2851,474

166335470

25 263

8 3994,9954,718

277

1 220730405

1,114862252

16, 8641 450

289594327240

8061 9155 8795,3591 907

3 2252 127

223457561

34 14815 4807 9512 3072,504

18 6683 7533 9456 0713,546

34, 12715 1137 3612,3832.558

282.379.4

202.916 25.9

26.0154.8

r24, 712

r 8, 606' 5, 430T 5, 169

••261

' 1, 150'714'368

'980'762'218

'16,1061, 277'225' 544••275••233

7981,809

' 5, 808'5 297' 1, 827

' 2, 887T 1, 892

218'393'496

25, 536

' 8, 649r 5, 121r 4, 822

••299

'1,249' 765' 405

f 1, 150'895'255

'16,887'1,377

'277'569'299'232

8161,935

' 5, 917r 5, 391f 1, 907

3,225'2 119

220'459' 559

35, 28515, 9168,1232,3722,587

19, 3693,9394,0336, 4323,787

34, 55615, 2017,3652,3892.532

282.481.6

200.816.06.6

27.2151.0

'25, 552

' 8, 439' 5, 204

4,916288

' 1, 109707341

1,038795243

'17,113' 1,463

266609308280

'819' 1, 892' 6, 103' 5, 578'1,917

' 3, 085' 2, 016

198460536

'25, 020

'8,0014,6384, 362

276

1,215750385

1,034798236

'17,0191,395

277584311223

8381,9156,0095,4861,946

3,1992,109

224453558

35, 69916, 1188,2182,4802,602

19, 5813,9514,0796,5433,887

34, 73715, 3367,4842,4582.532

i 24 711

1 8, 040i 4, 835

i 1, 133

i 16, 6711 1, 359

18021,9875,6845 2101,986

2,9971,943

124 424

i 7 479

1 16, 945

'Revised. 1 Advance estimate. t Revised series. Data reflect use of new sample(effective with data for Oct. 1965) based on definitions and classifications according to the1963 Census of Business. See p. 20 ff. of the Feb. 1966 SURVEY for data back to 1959 for mfg,and trade inventories, total and retail inventories. See p. 18 ff. of the April SURVEY forinventory-sales ratios, mfg. and trade sales, total, and retail sales back to 1959 (revised ac-

counts receivable data prior to Oct. 1965 are not presently available). Complete details ap-pear in the Monthly Retail Trade Report, Jan. 1966 and subsequent issues, available from theBureau of the Census, Wash., D.C., 20233. 9 Includes data not shown separately. cfCom-prises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.


S-12 SURVEY OF CUERENT BUSINESS June 1966


1964 1965

Annual

1965


1966


DOMESTIC TRADE—ContinuedRETAIL TRADE— Continued

All retail storesf— ContinuedEstimated inventories, end of yr. or mo. f— Con.

Book value (seas, adj.)— ContinuedNondurable goods stores 9 mil. $

Apparel group doFood group. _- __doGeneral merchandise group do

Department stores _ • __ _ _ _ do _

Firms with 4 or more stores:Estimated sales (unadjusted), total do _

Firms with 11 or more stores :fEstimated sales (unadj.), total 9 1 do

Apparel group 9 doMen's and boys' wear stores _ doWomen's apparel, accessory stores do_ _Shoe stores do

Drug and proprietary stores. _ doEating and drinking places.. do. _ .Furniture and appliance group do

General merchandise group 9 _-_ . _do_ _ _Dept stores, excl. mail order sales doVariety stores _ do

Grocery stores _ _ __ do_ _Lumber yards bldg. materials dealers cf doTire battery, accessory dealers do _

Estimated sales (seas adj.), total 9 1 do

Apparel group 9 _ _ do. __Men's and boys' wear stores doWomen's apparel, accessory stores doShoe stores do_ _ _

Drug and proprietary stores doEating and drinking places doFurniture and appHance group.. do

General merchandise group 9 doDept stores excl mail order sales doVariety stores do

Grocery stores do _Lumberyards bldg materials dealers d" doTire battery, accessory dealers do

All retail stores, accounts receivable, end of yr. or mo. :Total (unadjusted) f mil. $

Durable goods stores doNondurable goods stores do

Charge accounts doInstallment accounts d o

Total (seasonally adjusted)! doDurable goods stores doNondurable goods stores do

Charge accounts doInstallment accounts do

Department stores:Eatio of collections to accounts receivable:

Charge accounts percentInstallment accounts do

Sales by type of payment:Cash sales percent of total salesCharge account sales - doInstallment sales do

17, 9943,6133,8575,8093,410

68,306

4,287531

1,6221, 1552,0291,6771,126

23,64515, 8073,770

26,198

1,242

4917

433918

19, 1753,8714, 1116,2893,718

73, 438

4,445557

1,6561,1682, 3001,8911,193

26, 11217, 5934,096

27, 725

1,312

18,1937,120

11 0738, 2699,924

17 0346,916

10, 1187 8339,201

4918

433819

18, 2483,7493,8095,9083,455

6,047

42049

15012517915394

2,0681,390

3312,338

112

5,937

36047

13494

186154

2, 0541,384

3172,279

110

4717

433918

18, 2573, 7623,7845, 9053,447

5,960

36247

13698

18116298

2,0651,401

3222,276

119

6,044

36547

13596

187157

2,1321,418

3422,290

112

4817

433918

18, 4683,8103,7926,0353,541

5,898

35145

12897

183167103

2,0321,378

3152,221

123

6,037

36345

13397

188159

2,1121,413

3372,302

108

5118

443719

18, 4963,8423,8046,0553,575

6,096

31438

12082

18917097

1,9821,334

3152,497

121

6,091

36846

13795

193158

2,1721,458

3382,301

109

5017

443719

18,5413,8993, 8156,0483,553

5,899

33736

12589

18317299

2,1351,431

3282, 142

114

6,162

37147

13397

194160

2, 2161,506

3422,303

114

4918

443818

18, 4243,9033,7356,0043,503

6,092

37641

139106187168102

2,1881,480

3262, 249

108

6,248

37547

13997

198163

2, 2501,515

3482,323

116

5018

423919

18, 5143,8483, 8126,0403,542

6,432

39052

14596

197169109

2,2601,522

3472,451

121

6,209

38249

14699

204164

2, 2031,469

3532,339

120

16, 7806,9269, 8547,9078,873

16, 8246,722

10, 1027,8258, 999

5018

424018

18,7593,8673,8966,0923,608

6,591

41253

15398

196155110

2, 6151,743

3862,241

108

6,373

38346

139104203160

2,3421,577

3712, 325

107

17, 1666,943

10, 2238,0409, 126

17, 1806,891

10, 2897,9659,215

5018

433918

19,1753,8714,1116,2893,718

9, 275

67994

263154318167135

4,0702,751

7012,831

134

6,445

37445

143100206168

2,2171,516

3422,499

94

•18, 193'7,120"11, 073' 8, 269'9,924

'17, 034' 6, 916'10, 118'7,833' 9, 201

5218

463717

19, 1643, 8444,0276, 5013, 803

5, 494

28840

10281

18516386

1,7071, 162

2442,311

93

6,475

39249

146106199180

2,3301,564

3622, 378

123

17, 4866,838

10, 6487,7869,700

17, 2077,039

10, 1687,8429,365

4818

433621

19,3143,9173,9816, 4433, 805

5,256

263319973

17915586

1,6361,087

2622,216

84

6,598

407.47

156104205179

2,3921,625

3662,422

120

16, 9596,650

10, 3097,4949,465

17, 4707,091

10, 3797,9079,563

\

19, 3553,9044,0126,4793,802

6, 214

36137

135104199187105

2,0951,416

3162,416

116

6, 610

38643

144106208193

2,3631,587

3712,421

136

19, 4013, 9154,0196,5233,875

6,661

42045

15812520718396

2, 2361, 511

3682, 631

124

6,574

38245

150100213184

2,2951,553

3592,506

120

EMPLOYMENT AND POPULATIONPOPULATION

Population, U.S. (incl. Alaska and Hawaii):Total, incl. armed forces overseas mil

EMPLOYMENTNoninstitutional population, est. number 14 years

of age and over, total, unadj mil

Total labor force, incl. armed forces ___thous__Civilian labor force, total _ do. _

Employed, total doAgricultural employment. _ _ - _ doNonagricultural employment _ _ do

Unemployed (all civilian workers) d o _ _ _ _Long-term (15 weeks and over) _ _ do

Percent of civilian labor force...Not in labor force thous

C i vilian labor force, seasonally adj © . do _Employed, total do

Agricultural employment _ _ doNonagricultural employment.. __do_ _

Unemployed (all civilian workers) doLong-term (15 weeks and over) . do

Rates: fAll civilian workers

Men, 20 years of age and over _Women, 20 years of age and over :Both sexes, 14-19 years of age. _ ___ __

1 192 12

134 14

76, 97174, 23370, 3574,761

65, 596

3,8769735.2

57 172

5 23.95.2

14.7

1194 57

136 24

78, 35775, 63572, 1794,585

67, 594

3,4567554.6

57 884

4 63 24.5

13.6

193. 98

135. 81

77, 30774, 62171,0704,473

66, 597

3,5521,050

4.858, 50475, 30271, 6884,769

66, 9193,614

813

4.83.44.6

14.7

194. 17

135. 98

78, 42575, 74172, 4075,128

67, 278

3,3358044.4

57 55675, 30671, 8164,869

66, 9473 490

715

4.63.34.4

14.0

194. 37

136. 16

80, 68378, 00373, 7165,622

68, 094

4,2877625.5

55, 47775, 65272, 0854,651

67, 4343,567

779

4.73.24.8

14.0

194. 57

136. 25

81, 15078, 45774, 8545,626

69, 228

3,6025874.6

55, 10276, 05472, 6184,639

67, 9793,436

685

4.53.24.4

13.4

194. 79

136. 47

80, 16377, 47074, 2125, 136

69, 077

3,2586124.2

56, 31075, 77272, 3874,572

67, 8153,385

717

4.53.14.4

12.9

195. 01

136. 67

78,04475, 32172, 4464,778

67, 668

2,8756093.8

58 62675,61172, 2974,418

67,8793, 314

728

4.43.04.2

13.2

195. 24

136. 86

78, 71375, 95373, 1964, 954

68,242

2,7575883. 6

58, 14975, 84672, 5614,551

68, 0103,285

697

4.32.94.2

13.2

195. 45

137. 04

78, 59875, 80372, 8374,128

68, 709

2, 9665313.9

58, 44576,11172, 9144,273

68, 6413,197

644

4.22.84.3

12.3

195. 64

137. 23

78, 47775, 63672, 7493,645

69, 103

2, 8886003.8

58, 74976, 56773, 4414,486

68, 9553,126

660

4.12.64.0

12.9

195. 83

137. 39

77,40974, 51971, 2293,577

67, 652

3, 2906784.4

59, 98576, 75473, 7154,429

69, 2863,039

661

4.02.63.8

12.0

196. 00

137. 56

77,63274,70871, 5513,612

67, 939

3,1586854.2

59, 93076, 35573,5214,442

69, 0792,834

579

3.72.63.6

10.9

196. 16

137.74

78, 03475, 06072, 0233,780

68, 244

3,0377494.0

59,70776, 34173, 4354,363

69, 0722,906

588

3.82.63.6

11.7

196. 34

137. 91

78, 91475, 90673, 1054, 204

68, 900

2,8027793.7

58, 99476, 66673,7994,482

69, 3172, 867

603

3.7' 2.4

3.612.0

196. 50

135. 06

79,751'76, 70673, 7644,292

69,472

2,9426023.8

58, 34976, 26873,2314,076

69, 1553,037

536

4.02.44.0

13.4

' Revised. l As of July 1. fSee corresponding note on p. S-ll.9 Includes data not shown separately.cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical

stores.

© Effective with the Feb. 1966 SURVEY, data reflect revised seasonal factors; comparabledata for earlier periods appear in the Feb. 1966 BLS report, Employment and Earnings andMonthly Report on the Labor Force, GPO, Wash., D.C. 20402.

1 Unemployed in each group as percent of that group.


June 1966 SURVEY OF CUERENT BUSINESS S-13


1964 | 1965

Annual

1965


1966

Jan. Feb. Mar. Apr. May*

EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

Employees on payrolls (nonagricultural estab.) :fTotal, unadjusted!- _ thous._

Manufacturing establishments _ __doDurable goods industries - doNondurable goods industries _ _ _ _ do _

Mining, total 9 doMetal mining _ __ _ _ doCoal mining doCrude petroleum and natural gas do

C ontract construction. _ _ _ ' ' _ • _ _ doTransportation and public utilities 9 do

Railroad transportation _ _ _ doLocal and interurban passenger transit, do

Motor freight trans, and storage __do _Air transportation. _ _doTelephone communication doElectric, gas, and sanitary services. _ do _

Wholesale and retail trade doWholesale trade _ do _Retail trade do

Finance insurance, and real estate - doServices and miscellaneous do_Government do

Total, seasonally adjustedf -- --- doManufacturing establishments _ _ do

Durable goods industries •_ _ _ _ doOrdnance and accessories do_ _Lumber and wood products... doFurniture and fixtures _ _ doStone, clay, and glass products.- doPrimary metal industries . ... do

Fabricated metal products. doMachinery _ • _ ' _ ___ _ doE lectr ical equipment and supplies _ _ _ do

Transportation equipment. _ _ _ doInstruments and related products. _ _ _ doMiscellaneous manufacturing ind do

Nondurable goods industries. doFood and kindred products.. __doTobacco manufactures _ _ doTextile mill products _ _ _ doApparel and related products_~____--doPaper and allied products. _ _ _ _ _ do____

Printing, publishing, and allied ind-.do____Chemicals and allied products _ doPetroleum refining and related ind___doRubber and misc. plastics products. _ doLeather and leather products do

Mining doContract construction _ __ doTransportation and public utilities doWholesale and retail trade _ do.Finance, insurance, and real estate. doServices and miscellaneous doGovernment _ . _ _ _ _ _ do _

Production workers on mfg. payrolls, unadjusted:!Total, unadjusted! _ _ _ _ _ _ _ t h o u s _ .

Seasonally adjusted do.__

Durable goods industries, unadjusted- _ do_ .Seasonally adjusted do_ _

Ordnance and accessories. ._ doLumber and wood products..... _ _ do.Furniture and fixtures _ _ _ doStone, clay, and glass products. _. doPrimary metal industries _ _ _ do

B last furnaces , steel and rolling mills, doFabricated metal products. _ _ _ _ _ d oMachinery _ doElectrical equipment and supplies! __doTransportation equipment 9 do

Motor vehicles and equipment doAircraft and parts do

Instruments and related products. ... do. _ _ _Miscellaneous mfg. industries do

Nondurable goods industries, unadj. doSeasonally adjusted __ _ do

Food and kindred products . _ _ _ do. _ _ .Tobacco manufactures. _ _ _ _ _ doTextile mill products doApparel and related products. _ _ _ _ _ do ._Paper and allied products _ _ _ _ _ _ _ d o

Printing, publishing, and allied ind._doChemicals and allied products. _ _ _ _ _ _ do_ .Petroleum refining and related ind___ do

Petroleum refining doRubber and misc. plastics products _ _ d o _ _ _ .Leather and leather products •. __do

58, 156

17, 2599 8137 446

63379

148289

3, 0563,947

756267

920213706614

12, 1323, 1738 9592 9648,5699 595

58, 15617, 2599,813

247602406612

1,231

1,1871,6061, 548

1,605369398

7,4461,746

89891

1, 302625

950877183434348633

3 0563 947

12 1322,9648 5699 595

12, 769

7,209

106530337492

1 002459912

1 1181,0381 120

581338234319

5 560

1,15477

7981 158

48960152911490

335306

60, 444

17 98410 3797 604

62883

142282

3,2114,031

737267

965231737620

12, 5883,2639,3253,0448,907

10, 051

60, 44417, 98410, 379

236606429621

1,292

1, 2601,7141,672

1,740385424

7,6041,737

84920

1,351638

977902178464354

6283,2114,031

12, 5883,0448, 907

10, 051

13,376

7,693

102532356499

1 055481976

1 1991,1461 241

667353246340

5 684

1,14672

8211 203

49762054211086

361311

59, 471

17, 65910 2187,441

62383

144280

2,9783,977

735270

930224728613

12, 4183,1999 2193 0128,796

10 008

59, 84617, 80310, 241

229607428619

1,285

1,2471,6831, 635

1,712379417

7, 5621,729

86915

1,344633

971893178460353

6293 1454 013

12 4943,0248 8149 924

13, 10813 2387, 5707,588

97518352492

1 065497958

1 1901,1061 227

666339240326

5 5385 6501,062

64816

1 182490

61454510986

354302

60,000

17, 74510 2797 466

62983

142282

3,2234,008

737270

946227731614

12,4373,2139 2243 0298,905

10 024

60, 03217, 83510, 266

231603428613

1,285

1,2511,6921,647

1, 722378416

7,5691,734

86914

1,346633

971894176460355

6273 1884 020

12 5323,0328 8439 955

13, 18013 2527,6217,599

98531350497

1 066493968

1 1921,1141 240

672342238329

5 5595 6531,080

63817

1 184490

61354410985

355305

60, 848

18, 02710, 4377,590

64084

142288

3,4124,070

747263

978229740627

12, 5963, 2699 3273 0629,008

10 033

60, 29017, 94310, 345

234601428612

1,306

1, 2591,7071, 665

1,735383415

7,5981, 728

86916

1,367634

975900177463352

6263 1954 034

12 5803,0418 857

10 014

13, 41213 3407,7507,662

99553355507

1 085506984

1 2061,1361 244

678341245336

5 6625 6781,124

63826

1 208499

61654411287

358310

60, 694

18, 01610 4167,600

64184

139290

3,4764,083

749248

986233755634

12,5833,3019 2823 0989, 0819 716

60, 50118, 03210, 424

236602430618

1, 317

1,2691,7281,677

1,740389418

7,6081, 733

87921

1, 343641

981908179464351

6333 1544 031

12 6193,0498 929

10 054

13, 36113 4057, 7017, 721

100553353512

1 080506974

1 2041, 1321 218

660350247329

5 6605 6841, 175

63816

1 165499

61854811487

354308

60,960

18, 21110 4107 801

64085

140288

3,5754,098

750252

985234756639

12,5743,3129 2623 1029 0629 698

60,62118,07210, 476

239603427618

1,318

1,2631,7281,683

1,781388428

7,5961,723

80921

1,345637

981911179466353

6273 1894 049

12 6003,0538 946

10 085

13, 54013 4407,6837,769

102558360516

1 076504979

1 1961,1481 144

568356250355

5 8575 6711,256

78830

1 224503

62255111487

363318

61,515

18, 42810 6087 820

62784

136281

3,4954,112

741270

.1,001236744630

12,6393,3079,3323,0739,039

10, 102

60, 75618, 09810,494

242601430622

1,308

1,2691,7361,697

1, 771390428

7,6041,717

79924

1,356640

980910179465354

6173,1864 067

12 6413,0618 967

10 119

13,77313 4577, 8877 781

106550364519

1 069484999

1 2121,1801 270

682364254365

5 8865 6761,266

86832

1 229506

62654711386

369312

61,786

18, 41210 6237 789

62983

143278

3,4654,104

738271

1,005238742622

12, 7363,3219,4153,0669,073

10, 301

61, 00118, 16310, 523

243605432624

1,284

1,2741, 7451,722

1,767392435

7,6401, 733

81928

1,362643984909177469354

6223, 2024 071

12 6843,0699 019

10, 171

13,75413 5077,9007,798

108543366511

1 032451

1,0041 2121,2031 291- 697

369254376

5 8545 7091,232

86835

1,229505

63054311185

372311

62, 029

18 44310 6867 757

63184

145279

3,3754,091

730270

1,001240744618

12, 9603,3269,6343,0629,054

10, 413

61,47218, 32110, 615

244613435627

1,269

1,2941, 7681,741

1,790394440

7,7061, 761

81933

1,369646

990914178477357

6273, 2674,079

12,7543,0749, 081

10, 269

13, 77013 647

7,9497 878

110540367508

1 017435

1,0171 2261,2211 314

706381256373

5 8215,7691, 194

75838

1,228507

63454310985

378316

62, 660

18, 41510 7187 697

62884

144281

3,2034,087

733273

993243745621

13, 6383,345

10, 2933,0649,046

10, 579

61, 88418, 42910,707

243623442636

1,274

1,3001,7711,769

1,805398446

7, 7221,745

84937

1,377650

992918178483358

6303 3864 079

12 8223,0829 128

10 328

13, 72413 7317 9687 955

108533368500

1 026437

1, 0161 2421,2411 324

706391258352

5 7565 7761,136

76834

1,220509

63554310885

380316

61, 041

18 27410 6977 577

61783

143277

2,9744,025

718273

954242745619

12, 7163 3039 4133 0498 959

10 427

62. 14818,52210,805

250633447644

1,283

1,3141,7831,794

1,822405430

7,7171,743

83939

1, 355654

998922177485361

6323 3834' 090

12 9093,0809 142

10 390

13, 57113 8017 9298 027

114522366489

1 03*5442

1,0121 2501, 2451 318'ggg

400260318

5 6425' 7741,088

70898

1 17950463054410784

378314

61, 212

18 45710 8127*645

61384

143275

2,8514,034

710272

962246748618

12, 6173,2999,3183,0549,030

10, 556

62, 50118, 69110, 919

255630448640

1,288

1, 3271,7981,826

1,860410437

7,7721,749

82943

1,383658

1, 004927176487363

6313,3744,104

12,9423,0829,205

10, 472

13,7271 q QQ7

8 0248 122' 118522367488

1 049'449

1,0181 2661,2611 340

696408263330

5 7035 8151,074

67834

1 236504

63554910784

377320

'61,826

'18 588'10 910r 7 678

r 61584

142'275

3,015'4,054

711272

'970248

'753619

'12,700' 3, 305' 9 395'3 075' 9, 112'10 667

'62,918'18, 780'10,996

'257636

'451643

1,294

'1,334'1,800'1,843

' 1, 884'414

440

'7,784' 1, 748

84'946

'1,384' 659

1,003'931

175491363

'6323 462

'4 107'13 015'3,100'9 251

'10'571

'13,828'14 003'8 098'8 177

120'527r 371

4961 060'460

'1,0231 277

' 1, 265r i 355

'699' 417

266338

' 5 730' 5 826'1,075

64840

'1 244507638

'556'107

84380

'318

'62,497

'18 708'11 025' 7 683

' 58684

105274

' 3, 196' 4, 077

715269

974252760621

'12,871' 3, 313'9 558'3,090' 9, 243'10 726

'62,933'18,860'11,053

'261'628'451'642

' 1, 303

'1,335'1,808'1,879

' 1, 887'416'443

' 7, 807' 1, 738

'85'948

' 1, 392'659

' 1, 013'932

176' 496

368

'592' 3, 375' 4, 114

'12,992' 3, 102' 9, 262

'10,636

'13,921'14 055' 8, 193'8,213

122'535'371' 511

'1 076471

' 1, 033' 1 286r 1,289'1 358

696'425

266'345

' 5, 728' 5, 842' 1, 075

62844

' 1, 223' 511

'643'564

10984

'384314

63,070

18 82511 1067 7i9

627

3,3534,113

12, 9133 3219 5923 0999 346

10 794

63, 09918, 91811,094

266622456634

1,309

1,3321,8241,895

1,894420442

7,8241,730

84948

1,407661

1, 013938176499368

6253,3174,125

13, Oil3,1029,281

10, 720

14, 01414 0908,2568,236

125546373515

1, 081

1,0381 2941,3001 364

431269351

5,7585,8541,082

60847

1,237512

64256611085

386316

f Revised, p Preliminary.fBeginning in the Jan. 1966 issue of the SURVEY, data for employment, hours, earnings, and

labor turnover reflect adjustment to Mar. 1964 benchmarks and the introduction of the 1963amendments to the 1957 SIC system; they are not strictly comparable with previously pub-

lished figures. Comparable earlier data appear in BLS Bulletin 1312-3, Employment andEarnings Statistics for the United States, 1909-65 (Dec. 1965), $4.25, GPO, Washington,D.C. 20402.

9 Includes data for industries not shown separately.


S-14 SUEVEY OF CUEKENT BUSINESS June 1966


1964 1965

Annual

1965


1966

Jan. Feb. Mar. Apr. May?


EMPLOYMENT-Continued

Miscellaneous employment data:Federal civilian employees (executive branch) :

United States __ _ thousWash., D.C., metropolitan area - do__

Railroad employees (class I railroads):©Total _ - -do

Index, seasonally adjusted 1957-59= 100__

INDEXES OF WEEKLY PAYROLLS!

Construction (construction workers)!- 1957-59 = 100__Manufacturing (production workers)! doMining (production workers)! do

HOURS AND EARNINGS!

Average weekly gross hours per production workeron payrolls of nonagric. estab., unadjusted:!

All manufacturing estab., unadj.! hoursSeasonally adjusted - _ _ _ _ _do _

Average overtime. _doDurable goods industries do

Seasonally adjusted _ _ do_Average overtime. - do

Ordnance and accessories _ _doLumber and wood products.. doFurniture and fixtures _ doStone, clay, and glass products doPrimary metal industries do

Blast furnaces, steel and rolling mills .do

Fabricated metal products doMachinery _ _ _ __do_ .Electrical equipment and supplies do

Transportation equipment 9 do _Motor vehicles and equipment doAircraft and parts _ _ do

Instruments and related products do_ ,. _ _Miscellaneous mfg . industries do

Nondurable goods industries, unadj doSeasonally adjusted do

Average overtime doFood and kindred products _ _ _ doTobacco manufactures d o _ _ _ _Textile mill products doApparel and related products _ _ _doPaper and allied products _ _ _ d o __.Printing, publishing, and allied ind_ _ d o _ _Chemicals and allied products _ _ doPetroleum refining and related ind do_

Petroleum refining doRubber and misc. plastics products doLeather and leather products _ _ _do_ _

Nonmanufacturing establishments:!Mining 9 _ do

Metal mining •__ _ _ _ _ doCoal mining doCrude petroleum and natural gas do

Contract construction doGeneral building contractors doHeavy construction doSpecial trade contractors do

Transportation and public utilities:Local and suburban transportation doMotor freight transportation andstorage doTelephone communication doElectric gas and sanitary services do

Wholesale and retail trade do _Wholesale trade. - . do _ _Retail trade do

Services and miscellaneous:Hotels tourist courts, and motels doLaundries, cleaning and dyeing plants do

Average weekly gross earnings per productionworker on payrolls of nonagric. estab.:!

All manufacturing establishments f dollars. -Durable goods industries _do_ _ _

Ordnance and accessories _ _ __ _._do_ _Lumber and wood products doFurniture and fixtures doStone, clay, and glass products _ doPrimary metal industries doFabricated metal products _ _ d o _ _ _Machinery. _ _ _ _ _ _ _ _ _ _ _ d o _ _Electrical equipment and supplies doTransportation equipment doInstruments and related products . -do __Miscellaneous mfs. industries _ do

2,317244

68375.8

132.5124.293.0

40.7

3.141.4

3.3

40.540.441.241.741.841.1

41.742.440. 5

42.143.041.440.839.6

39.7

2.941.038.841.035.942.838.541.641.941.441.337.9

41.941.4

« 39 042.537.235 840.836 6

42.041.940 241 237.940.737.0

38 438 7

102. 97112. 19122. 3185.2484.46

105. 50130. 00111. 34121. 69101. 66130. 09103. 6382.37

2,347251

p652P73.4

145.3135.996 5

41.2

3.642.0

3.9

41.940.841.541.942.141.0

42.143.141.0

42.944.242.041.439.9

40.1

3.141.137.941.736.443.138.641.942.241.842.038.2

42.341.6

a 39 942 337 436 140.836 9

42 142.540 441 437.740.836 6

37 938 8

107. 53117.18130. 7388 5487 98

109. 78133. 88116. 20127. 15105. 78137. 71108. 0584.99

2,306246

64973.0

128.0130.993.5

40.741.03.1

41.741.93.5

41.040.740.741.344.145.7

41.442.440.2

42.343.641.140.339.2

39.439.92.7

40.335.641.035.642.238.342.442.442.540.837.0

41.741.539 142.036.735.639.636 3

41.641.639.841 437.640.636.7

37 839.4

105. 82115. 93126. 2886.6985.06

106. 97141. 12113. 02*123. 38102. 91134. 09104. 3883.10

2,308246

65372.7

148.2133.897.5

41.241.13.5

42.142.03.9

41.641.440.942.442.341.3

42.343.341.0

43.244.641.941.539.7

40.040.03.1

41.037.241.636.443.038.542.242.441.941.738.0

42.642.040.042.638.436.842.037.8

42.642.240.141.537.640.936.5

37.739.6

107. 53117. 46128. 9689.4285.89

110. 66134. 09116. 75127. 74105. 37137. 81107. 9084. 56

2,342255

66373.1

156,8136.799.1

41.341.03.6

42.241.84.0

41.840.741.442.342.641.8

42.443.441.1

43.144.542.041.639.7

40.239.93.1

41.237.841.936.643.338.542.042.441.642.138.4

42.641.741.041.938.0

i36. 341.737.4

42.642.939.941 137.940.936.9

37 739.2

107. 79117. 74129. 5888.7386.94

110. 40135. 89117. 02128. 03106. 04137. 49108. 9984.96

2,375258

66773.7

162.0135.198.3

41.041.03.4

41.641.73.7

42.240.841.042.342.442.0

41.742.840.3

42.142.941.941.239.3

40.240.03.1

41.937.641.336.543.138.441.642.841.841.738.6

42.441.9

42.538.636.942.837.8

42.442.940.641.338.441.037.5

38.939.0

107. 01116. 06131. 6688.9486.51

110. 83135. 68114. 68125. 83103. 97133. 46107. 5383. 71

2,376256

66674.2

170.2136.1100.5

41.141.03.5

41.741.73. 8

41.941.442.042.541.841.0

42.042.540.7

41.441.641.741.440.0

40.340.03.2

41.537.941.936.943.338.741.742.741.742.138.4

43.241.640.842.938.937.143.438.0

42.743.240.441 238.341.037.4

38 938.6

106. 45115. 51131. 1591.0889.04

111. 78132. 51115. 08124. 95104. 60130. 82108. 0584.80

2,341251

65674.3

160.7140.397.2

41.040.93.8

41.741.6,4.0

41.941.041.742.341.739.9

41.942.840.8

41.842.341.541.640.0

40.240.13.5

41.439.441.636.243.338.842.243.542.842.037.8

42.441.939.142.237.135 640.336.5

42.343.241.341 737.540.836.5

37.738.6

107. 83117. 18131. 1590.6189.24

112. 10133. 44116. 48127. 12106. 08135. 01108. 5885.20

2,352251

65274.6

165.3141.499.4

41.341.23.9

42.142.04.2

42.441.442.242.340.938.2

42.443.341.2

43.444.742.341.940.4

40.240.13.4

41.439.242.136.343.738.641.842.541. 942.337.8

42.841.541.442.038.336.642.737.5

42.543.140.941.737.440.936.2

37.938.8

108. 62118. 72133. 5691.4990.73

112. 94130. 06118. 30129. 47107. 12141. 48109. 7886.46

2,371253

64475.1

151.2142.497.4

41.441.43.9

42.242.24.3

42.440.842.042.340.737.8

42.443.441.5

43.945.443.142.040.4

40.340.33.4

41.337.942.336.443.538.542.042.342.042.438.2

41.841.237.442.436.435 139.635 9

42 142.442 041 837.140.835.9

37 438.2

109. 71119. 43133. 5689.7690.30

112. 94129. 83118. 72130. 20108. 32144. 87110. 8886.46

i 2, 5121254

P645P 75.5

146.5143.899 4

41.741.44.0

42.642.24.4

42.941.242.642.241.438.5

42 644.242.0

44.145 343.742.040.5

40.440 23 4

41 439.042 336.243.839.142.141.741.742.839.2

42 841 841 242 937 136 438 937 0

42 242 740 541 537.741 236 7

37 438 5

110. 92120 98136. 8589 4092 02

112 25132 48119. 71133. 48110 04145 53111 3087.48

2,375251

P633P70.3

132.5140.896.9

41.241.53.7

42.142.44.1

42.740.941.041.641.940.1

42.043.741.3

43.343.744.042.039.6

39.840.23.1

40.738.141.835.742.838.141.741.841.842.138.8

42.242.140.742.736.535.639.336.2

41.741.639.941 637.140.835.9

37.438.1

110. 00119. 99135. 3688. 7588.15

110. 66135. 34118. 02132. 41108. 21142. 46111. 7287.12

2,400252

p 631p 70.7

126.4143.2

95.9

41.341.63.8

42.142.44.2

42.240.441.241.442.040.3

42.244.041.4

42.943.243.642.240.2

40.240.63.3

40.839.642.336.643.138. 541.941.741.642.039.2

42.141.740 742 336.335 538.136 3

41 842.340 641 637.040.735 8

37 238 1

110.27120. 41132. 9388.4888 58

110. 54136.08119. 00133. 76108. 47141. 14112. 2588.44

2,429255

P631P 71.3

' 139. 0' 144. 7'•97.1

41.441.5'3.842.242.34.2

'41.8'40.6

41.5'42.0

42.1'40.6

42.244.141.3

'42.742.9

'43.442.2

'40.4

40.240.43.3

40.538.242.336.943.338.842.041.941.9

'42.038.5

'42.6'41.641.1

'43.037.736.8

'40.9'37.2

42.042.0

'40.3'41 0'36.9

40.7'35.7

'37 438.1

110. 95120. 69

'131.67' 88. 51

89.64'112.56

137. 25119. 85134.51107. 79

'140.06112. 67'88.88

2,462256

P 636p 71.8

' 146. 5' 146. 1'87.8

41.241.5'3.942.242 .44.3

'42.1'41.0'40.9'42.0'42.3

41.1

42.143.8

'41.1

'43.043.6

'43.0'41.9'39.7

'39.8'40.3'3.340.4

'37.9'41.4'36.1

43.2'38.5'42.4

42.6'42.6'41.7'37.8

'41.742.534.642.737.035.840.236.4

42.041.840.141 136.9

'40.635.7

37.238.0

'111.24'121.54'132.62' 91. 84' 88. 75

'113.82'138.74'119.99'134.03'107.68'141.47'112.29' 87. 74

' 155. 3'148.3' 101. 9

41.541.44.0

42.342.24.4

42.141.841.442.342.2

42.644.141.1

42.7

43.642.540.0

40.340.33.4

40.937.942.336.643.738.842.242.342.142.238.5

42.7

37.1

36.940.735.7

112. 05121. 82132. 1994. 4790.67

115. 06137. 99121. 84135. 83108. 09140. 48114. 3388.80

'Revised. p-Preliminary. » Average for 11 months.i Includes Post Office employees hired for the Christmas season; there were about 140,000

such employees in the United States in Dec. 1965.© Effective Jan. 1965, data reflect change in definition of class I railroads (to $5 million or

more annual railway operating revenues). The index (back to 1963) has been adjusted forcomparability, whereas the number of employees has not.

! See corresponding note, bottom p. S-13. 9 Includes data for industries not shownseparately.




1964 1965

Annual

1965


1966



HOURS AND EARNINGS— ContinuedAverage weekly gross earnings per production

worker on payrolls of nonagric. estab.f— Con.All manufacturing establishments f— Continued

Nondurable goods industries dollarsFood and kindred products _ _ doTobacco manufactures _ ' _ _ _ _do-Textile mill products doApparel and related products _ _ doPaper and allied products doPrinting, publishing, and allied ind _ doChemicals and allied products _ _ _do.Petroleum refining and related ind__ _ _ d o _ _ _Rubber and misc. plastics products doLeather and leather products .,_ do

Nonmanufacturing establishments : tMining 9 do

Metal mining doCoalmining _ _ _ do_Crude petroleum and natural gas. do

Contract construction doGeneral building contractors doHeavy construction. __ _ _ do._ _Special trade contractors do

Transportation and public utilities:Local and suburban transportation doMotor freighttransportationandstorage.doTelephone communication _ - doElectric, gas, and sanitary services do _ • _

Wholesale and retail trade _ doWholesale trade- _ _ _ _ _ _ _ __ do _Retail trade do

Finance, insurance, and real estate:Banking doInsurance carriers - do

Services and miscellaneous:Hotels, tourist courts, and motels _ _ d o _ _ _Laundries, cleaning and dyeing plants, do _ _

Average hourly gross earnings per productionworker on payrolls of nonagric. estab.:f

All manufacturing establishments t dollars. _Excluding overtimed1 do

Durable goods industries—- _ _ _ -do _Excluding overtimed1 —do

Ordnance and accessories do__ _Lumber and wood products doFurniture and fixtures doStone, clay, and glass products. _doPrimary metal industries _ _ _ _do_._

Blastfurnaces, steel and rolling mills doFabricated metal products doMachinery—. doElectrical equipment and supplies. _. do _ " _Transportation equipment 9 — - -do

Motor vehicles and equipment . doAircraft and parts. _ do

Instruments and related products. _ _ _do__Miscellaneous mfg. industries _ do

Nondurable goods industries. doExcluding overtimed1 -- do

Food and kindred products _ _ _ d o _ _ _Tobacco manufactures doTextile mill products _ _ _ _ _ .do _Apparel and related products . doPaper and allied products _ doPrinting, publishing, and allied ind doChemicals and allied products _ do__ _Petroleum refining and related ind do

Petroleum refining. __ ... __ do__Rubber and misc. plastics products __ doLeather and leather products do

Nonmanufacturing establishments^Mining 9 _ __ __ ... __do

Metal mining doCoal mining doCrude petroleum and natural gas _ do

Contract construction. _ _ _ _ _ _ _ _ _ d oGeneral building contractors doHeavy construction. _ __ __ _do__ _Special trade contractors do

Transportation and public utilities:Local and suburban transportation. _ _ -doMotor freight transportation andstorage.doTelephone communication doElectric, gas, and sanitary services . do

Wholesale and retail trade doWholesale trade __ _ _ _ __-do ._ _Retail trade do

Services and miscellaneous:Hotels tourist courts and motels doLaundries, cleaning and dyeing plants— do

•Revised. * Preliminary. ° Average for 11t See corresponding note, bottom p. S-13.

90.9197.1776.0573. 3964.26

109.57114. 35116. 48133. 66104.9068.98

117. 74122. 54126. 82113. 05132. 06122. 79131. 78138. 35

104. 16124.02105. 32125. 2574.28

102. 5664.75

76. 6792.01

49.5455.73

2.532.442.712.603.022.112.052.533.113.412.672.872.513.093.213.022.542.082.292.212.371.961.791.792.562.972.803.193.372.541.82

2.812.96

-3.262.663.553.433.233.78

2.482.962.623.041.962.521.75

1.291.44

months.

94.6499.8779. 5977.9866.61

114. 22118.12121. 09138. 42109. 6271.82

123. 52127. 71137. 38115.90138. 01128. 16137. 50144. 65

107. 78130. 48109. 08131. 2476.53

106. 4966.61

79.2495. 12

51. 1758.98

2.612.502.792.673.122.172.122.623.183.462.762.952.583.213.343.142.612.132.362.272.432.101.871.832.653.062.893.283.472.611.88

2.923.07

«3.452.743.693.553.373.92

2.563.072.703.172.032.611.82

1.351.52

92.2098. 7477.9675.0363.72

109. 72115. 67120. 84139. 07104. 4569.56

120. 51125. 33134. 11114. 66132. 49124. 24126. 72139. 76

106. 50126. 46106. 66130. 0075. 58

105. 1566.06

79.2494.49

49.9059.10

2.602.502.782.673.082.132.092.59

• 3.203.482.732.912.563.173.313.092.592.122.342.262.452.191.831.792.603.022.853.283.462.561.88

2.893.023.432.733.613.493.203.85

2.563.042.683.142.012.591.80

1.321.50

94.00100. 4581.1076.5465.52

112.66117. 04120. 69137. 80107. 5971.44

123. 97127. 68138.40117. 15140. 16129. 54139. 86147. 04

109. 06129.55107. 87131. 1476.33

106. 7566. 43

78.8694.86

51.6560.19

2.612.502.792.663.102.162.102.613.173.432.762.952.573.193.323.122.602.132.352.262.452.181.841.802.623.042.863.253.432.581.88

2.913.043.462.753.653.523.333, 89

2.563.072.693.162.032.611.82

1.371.52

94.47100. 5383.1677.5266. 61

114. 31117. 43120. 96137. 38109. 4672.19

123.97126. 77142. 27113. 97139.08127. 78140. 53145. 86

109. 06131. 27107. 33129. 4776.56

105. 9367.16

78.4494.74

50.9059.58

2.612.502.792.673.102.182.102.613.193.462.762.952.583.193.323.122.622.142.352.262.442.201.851.822.643.052.883.243.452.601.88

2.913.043.472.723. 663.523.373.90

2.563.062.693.152.022.591.82

1.351.52

94.87100. 98

82. 7277.6466.43

114. 65117. 12120. 22139. 10109.2571.80

122.96128. 21134. 46116. 03140. 50129. 15143. 38147.04

108. 97131. 27108. 40130. 5177.95

106. 6068.25

79.2495.74

52.1359.28

2.612.502.792.673.122.182.112.623.203.472.752.942.583.173.293.112.612.132.362.272.412.201.881.822.663.052.893.253.452.621.86

2.903.06

2.733.643.503.353.89

2.573.062.673.162.032.601.82

1.341.52

<?D9 In

95.1199.1978. 0779.1967. 53

115. 18118. 81121. 35138. 35109. 8872.19

126. 14127. 71141.98117. 12143. 15131. 33148. 43148. 96

110. 17132. 62108. 27130. 6077.75

106. 6068.07

79.2495. 86

51.7458.67

2.592.492.772.653.132.202.122.633.173.432.742.942.573.163.283.132.612.122.362.262.392.061.891.832.663.072.913.243.432.611.88

2. 923.073.482.733.683.543.423.92

2.583.072.683.172.032.601.82

1.331.52

erived beludes d

95.68100. 1978.4178.6267.33

116.48120.28123. 65142.68110. 4671.82

124. 66131.57135. 29116. 47138. 75128. 52138. 63145. 27

109. 56133. 92112. 75133.8677.25

106. 9067.53

79.1895. 86

51. 6559.06

2.632.512.812.683.132.212.142.653.203.492.782.972.603.233.363.152.612.132.382.282.421.991.891.862.693.102.933.283.482.631.90

2.943.143.462.763.743.613.443.98

2.593. 102.733.212.062.621.85

1.371.53

y assumiata for in

95.68100. 1977.6279.9967.52

117. 12119. 66122. 06141. 10112. 1071. 82

126. 26130. 31143. 24115. 92144. 01132. 49149. 45150.00

110. 08133. 18111.66134. 6977.42

107.5767.33

80.3595.86

52.3060.14

2.632.522.822.683.152.212.152.673.183.472.792.992.603.263.393.182.622.142.382.282.421.981.901.862.683.102.923.323.522.651.90

2.953.143.462.763.763.623.504.00

2.593.092.733.232.072.631.86

1.381.55

ng thatiustries i

96.32100. 7780.3580.7967.70

116. 58118.97123. 06142.97111. 9472.58

123. 73128.96129. 78117. 87136.14126. 71135. 83142. 52

109.04131. 44115. 50135. 4376.80

108. 1267.13

80.3596.49

51.9958.83

2.652.532.832.693.152.202.152.673.193.472.803.002.613. 303.443.212.642.142.392.292.442.121.911.862.683.092.933.383.592.641.90

2.963.133.472.783.743.613.433.97

2.593.102.753.242.072.651.87

1.391.54

overtimelot show

96. 96101. 8483.0780.7967.33

117. 82121. 60123. 35140.53113. 4274. 87

127. 12131. 67142. 96119. 69139. 50132. 13131. 87148. 00

108. 88132. 37112. 59134. 0577.29

109. 5967.90

80.3596.87

52.3659.68

2.662.542.842.703.192.172.162.663.203.502.813.022.623.303.433.232.652.162.402.302.462.131.911.862.693.112.933.373.572.651.91

2.973.153.472.793.763.633.394.00

2. 583.102.783.232.052.661.85

1.401.55

hours <n separal

95. 52100.9482.3079.8466.05

115.13117. 73122. 18140. 87111.1474.11

126. 18132. 19142. 04121. 27137. 97129. 23132. 44145. 89

108. 00128. 54110. 12135. 2077.54

108. 9467.49

82.2897.73

51.9959. 44

2.672.552.852.723.172.172.152.663.233.532.813.032.623.293.403.252.662.202.402.312.482.161.911.852.693.092.933.373.552.641.91

2.993.143.492.843.783.633.374.03

2.593.092.763.252.092.671.88

1.391.56

are paidely.

96. 48101. 5988.3181. 2268.81

115. 94119. 74123. 19140. 95110. 8875. 26

126. 30130. 94142.45120. 13138. 30129. 93130. 68146. 65

109. 10132. 40112. 87135.6277.70

109. 0867.30

81.4798.74

52.0859.06

2.672.562.862.723.152.192.152.673.243.542.823.042.623.293.393.262.662.202.402.312.492.231.921.882.693.112.943.383.562.641.92

3.003.143.502.843.813. 663.434.04

2.613.132.783.262.102.681.881.401.55

at the r

96.88'101.25' 84. 80

81.2269. 37

'116.91121. 06122. 64141. 62

'110.46' 73. 92

127.37129. 79'143.44'121.69

142. 88134.32

'138.65'149.92

'109. 62131. 88

'111.63'133.25

77. 49109. 4867.47

81. 84' 98. 47

' 51. 9959. 82

2. 682.562.86

'2.723.15

'2.182.16

'2.683.263.562.843.052.613.283.373.262.67

'2.202.412.31

'2.50'2.22

1.921.88

'2.703.122.923.383.57

'2.63'1.92

2. 993.12

'3.492.833.793.653.394.03

'2.613.142.773.252.102.691.891.391.57

ate of til

'96.71'102.21' 85. 65

79. 90' 67. 51

'117.50'120.12'124.66'146.12'110.51' 72. 95

'122.60134. 30117. 64122. 12140. 60131. 74137. 48147. 42

110. 88131.25111. 08133. 9977.86

110. 0367.47

81.9998.74

52.4560. 04

'2.70'2.58'2.88' 2. 74'3.15'2.24

2.17' 2. 71'3.28

3.59'2.85'3.06' 2. 62'3.29

3.41'3.25'2.68'2.21

2.432.33

' 2. 532.261. 93

'1.87'2.72'3.12

2.94'3.43'3.63'2.65'1.93

'2.943.163.402.863.803.683.424.05

2.643.142.773.262.112.711.891.411.58

ne and <

97. 93103.8986.4181.6468.44

119. 30122.22124.49144. 24111.4174. 69

129. 81

141.35

78.23111.1167. 83

2.702.582.882.743.142.262.192.723.27

2.863.082.633.29

3.252.692.222.432.332.542.281.931.872.733.152.953.413.612.641.94

3.04

3.81

2.122.731.90

me-half.




1964 1965

Annual

1965


1966



HOURS AND EARNINGS— Continued

Miscellaneous wages:Construction wages, 20 cities (ENR): §

Common labor _ _$perhrSkilled labor _ _ _ _ _ _ _ _ _ _ _ _ d o

Farm, without board or rm., 1st of mo _doRailroad wages (average, class I) _ _ _ d o

LABOR CONDITIONSHelp-wanted advertising, seas, adj.— 19*57-59 =100__Labor turnover in manufacturing estab.: f

Accession rate, total mo. rate per 100 employeesSeasonally adjusted do __

New hires - doSeparation rate, total _ _ do

Seasonally adjusted _ _ _ _ d o _ _ _Quit doLayoff - - do

Seasonally adjusted __ _ _. _ _ do ___Industrial disputes (strikes and lockouts):

Beginning in period:Work stoppages number-Workers involved.-. _ _ __thous__

In effect during month:Work stoppages _ -_ numberWorkers involved _ _ _ _ __thous__

Man-days idle during period doEMPLOYMENT SERVICE AND UNEMPLOY-

MENT INSURANCE

Nonfarm placements thousUnemployment insurance programs:

Insured unemployment, all programs© doState programs:

Initial claims - - doInsured unemployment, weekly avg _ _ d o __

Percent of covered employment:^UnadjustedSeasonally adjusted

Beneficiaries weekly average thousBenefits paid - - mil. $

Federal employees, insured unemployment,weekly average thous

Veterans' program (UCX):Initial claims - - - _ _ _ _ do_Insured unemployment, weekly avg doBeneficiaries, weekly average _ _ doBenefits paid __mil. $

Railroad program:Applications thousInsured unemployment, weekly avg doBenefits paid mil. $

3.2424.7331.08

2.850

123

4.0

2 63.9

151.7

3,6551, 640

22 900

6 281

1 725

13, 9381,605

3.8

1 3732 522

30

3355148

90.2

15538

78 4

3 4154.9511.14

155

4 3

3 14 0

1 91 4

3,8601,480

23 100

6 473

1 419

12, 0471,328

3.0

1 1312,166

25

2663634

67.5

13830

60 5

3 3424.8561.18

2. 989

143

3.83.92 63.74.01 71.31.5

r390'141

'603^194

r 1 840

555

1 570

9561,470

3 43 2

1 373224 9

27

214141

6.8

533

6 2

3 3554.886

3.014

145

4 14.13 03 63.91 71 11.4

420111

580174

1 770

573

1 259

7631,179

2 73 0

1 060165 7

22

173334

5.3

526

4 3

3 4144 969

2.994

146

5 64.54 33 64.01 71 11.4

450262

670332

2 520

610

1 131

8701,059

2 43 0941

156 3

20

223030

5.2

1921

3 8

3 4534 9921.17

3.000

145

4 54.13 24 34.01 81 81.6

380138

620303

3 630

554

1 210

1 0781,139

2 63 0932

149 5

22

263327

4.5

3024

3 5

3 4825 002

2.994

152

5 44.23 95 14.72 61 61.7

38092

630222

2 290

603

1 178

9761,120

2 53 1901

148 0

21

253331

5.2

1022

3 8

3 4865 029

3.009

160

5 54.54 05 74.43 51 31.3

280131

515224

1 950

644

1 030

760981

2 22 9834

138 6

19

192827

4.6

1124

3 7

3 4865 0561 09

3.014

168

4 54.53 54 44.12 21.41.3

32096

560200

1 840

611

982

791933

2 02 7745

117 8

20

162423

3.7

722

3 6

3 4865 041

3.017

181

3 95 02 93 93.91 71 51 3

270130

510185

1 390

531

1 104

1 0041,042

2.32 7794

132 2

21

182521

3.7

925

3 8

3 4955 055

186

3 14.92 24 04.11 41.81.3

12525

33576

912

462

1 386

1 2851,308

3.02 7990

172. 1

23

202924

4.3

1428

4 6

3 4965 0641 24

184

4 64 93 24 04 01 91 31 1

205101

335127

1 000

452

1 736

1 3991 644

3 72 7

1 330212 7

29

203230

4.8

1131

51

3 5205 087

191

4 24 83 13 64 31 81 01 i

240107

380142865

460

1 678

9851,590

3 62 6

1 413217 2

29

183130

4.6

428

4 1

3 5905 097

201

T 4 9r 5 2r 3 7r 4 1T 4 6

2 3r 1 0r 1 1

310198

450236

1 350

547

1 381

7691 301

2 92 3

1 272225 5

26

172726

4 6

526

5 2

3 5335 1081.28

189

v 4 5?4 7p 3 6J » 4 1?4 4p2 4

p 9p 1.0

350228

500379

2 450

533

1 112

6931,044

2.32 1931

155.5

21

132221

3.6

26

3 5675 141

P185

FINANCE

BANKING

Open market paper outstanding, end of period:Bankers' acceptances mil. $__Commercial and finance co. paper, total do

Placed through dealers -_doPlaced directly (finance paper) do_ _ _ _

Agricultural loans and discounts outstanding ofagencies supervised by the Farm Credit Adm.:

Total, end of period --.mil. $__Farm mortgage loans:

Federal land banks__ _doLoans to cooperatives _doOther loans and discounts..- d o _ _ _ _

Bank debits to demand deposit accounts, exceptinterbank and U.S. Government accounts,annual rates, seasonally adjusted:

Total (225 SMSA's)O-_—- bil. $_.New York SMSA _ _ _ — _ — _ d o _ _ _ .

Total 224 SMSA's "(except N.Y.)___ d o _ _ _ _6 other leading SMSA'sf do218 other SMSA's— _ _ _ d o _ _ _ .

Federal Reserve banks, condition, end of period:Assets, total 9 —- —„_• mil. $_

Reserve bank credit outstanding, total 9 --doDiscounts and advances _ _ d o _ _ _U.S. Government securities. do___

Gold certificate reserves... d o _ _ _

Liabilities, total 9 - - _ -dQ___

Deposits, total doMember-bank reserve balances do

Federal Reserve notes in circulation _ d o _ _ _ .

Ratio of gold certificate reserves to FR noteliabilities.. percent-.

3,3858,3612, 223

7,104

3,718958

2,428

4,621.41,925.32, 696.11,030.81,665.3

r 62,868

39,930186

37, 04415, 075

r 62, 868

19, 45618, 08635,343

42.7

3,3929,0171,9037,114

8,080

4,2811,0552,745

5,135. 92,138.52,997. 41,140. 91,856. 5

65,371

43,340137

40,768

65,371

19. 62018,44737,950

35.4

3,3849,5332,0477,486

7,607

3,950978

2,679

5,113.32,151.32, 962.01,131.71,830.3

61,688

40, 071568

37, 75414,144

61, 688

19, 55718, 25934, 662

40.8

3,4679,9341,9767,958

7,729

4,011940

2,778

4,825.61,954.12,871.51,082. 71, 788.8

61,475

41,169545

38, 68614, 023

61, 475

19, 62518, 00634,974

40.1

3,3559,3701,9657,405

7,873

4,058931

2,884

5,327.82,308.43,019.41,146.81,872.6

62,632

41,159657

39,10013, 670

62, 632

19, 27818, 22935,444

38.6

3,337

2,0468,393

4,097935

2,956

5,302.62,281.63,021.01,149. 51,871.5

61,914

41,166536

39, 20713, 591

61, 914

19, 30418, 00835, 796

38.0

3,29910,3582,1178,241

8,040

4,135944

2,962

5,146.82,128.03,018.81,141.01,877.8

61,429

40,619237

39,04913, 596

61, 429

18, 64517,19136, 021

37.7

3,3149,6922,1947,498

8,013

4,171940

2,902

5,126.92,104.33,022. 61,142.91,879. 7

41, 704174

39,77413, 587

63,384

19, 59118,14936,319

37.4

3,31010, 5542, 2508,304

8,007

4,2041, 0092,794

5,129.92,061.03,068.91,165.41,903. 5

63, 504

41,905510

39,65713, 582

63, 504

19, 61218, 204

37.1

3,24510,4062,2058,201

8,022

4,2451,0822,696

5,408.32,229.43,178.91,215.01,963.9

64,050

42,789365

40, 57513,512

64,050

19,16318,05037,408

36.1

3,3929,0171,9037,114

4,2811,0552,745

5, 523.12, 273. 53, 249.61,234.52,015.1

65,371

43,340137

40,76813,436

65,371

19,62018,44737,950

35.4

3,3329,9101,8348,076

8,206

4,3281,1132,766

5,509. 62,311.53,198.11,218.41,979. 7

64,246

43,085239

40, 56513,436

64,246

20,09818,75137,337

36.0

3,31310,656"

4,3851,1452,837

5,605.62,341.73,263.91,251.22,012. 7

42,717315

40,18913,432

63,794

19, 20518, 01437,322

36.0

3,38811, 0142,066

8, 570

4,4771,1372,956

5,811. 72,414.63,397.11,336.62,060.5

64,124

42,840327

40, 73413,204

64,124

19, 23318,00037,432

5.3

3,46411,5602,2539,307

4,5531,1483,087

5, 934.12, 544. 03,390.11,304. 22, 085.9

65,452

43,285452

40, 71313,190

65, 452

19,84118,73637,536

35.1

4, 6471,1063,193

5, 797. 52, 449. 43, 348.11,311. 32,036. 8

64,797

43,940441

41,48013, 092

64, 797

19,67318,11937,880

34. €

••Revised. p Preliminary.§ Wages as of June 1, 1966: Common labor, $3.644; skilled labor, $5.213.t See corresponding note, bottom of p. S-13.© Excludes persons under extended duration provisions.cf Insured unemployment as % of average covered employment in a 12-month period.

O Total SMSA's include some cities and counties not designated as SMSA's..f Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los

Angeles-Long Beach.9 Includes data not shown separately.


June 1966 SUKVEY OF CUKKENT BUSINESS S-17


1964 | 1965

End of year

1965


1966


FINANCE—Continued

BANKING- Continued

All member banks of Federal Reserve System,averages of daily figures:

Reserves held, total mil. $Required --. __doExcess _do_ __

Borrowings from Federal Reserve banks _ _ . do. ___Free reserves ._ -_do_ __

Weekly reporting member banks of Fed. Res. Sys-tem, condition, Wed. nearest end of yr. or mo.:

Deposits:Demand adjusted c? mil $Demand, total 9 _ _ _ __do

Individuals, partnerships, and corp d o _ _ _ _State and local Governments doU.S. Government _ _ _ do_ __Domestic commercial banks _ „ ; do

Time, total 9 _ _ _ _ _ _ doIndividuals, partnerships, and corp.:

Savings _ doOther time _ _ do

Loans (adjusted) , totalcf - -_ - - - do. __Commercial and industrial do_For purchasing or carrying securit ies_____do____To nonbank financial institutions _ _ _ do_ _Real estate loans. __ ___ doOther loans do

Investments, total doU.S. Government securities, to ta l__-__.__do

Notes and bonds... doOther securities do

Commercial bank credit (last Wed. of mo., exceptfor June 30 and Dec. 31 call dates) , seas, adjusted:

Total loans and investments© bil. $Loans O doU.S. Government securities. _ _ _ ___ doOther securities. _ do

Money and interest rates: §Bank rates on short-term business loans:

In 19 cities percentNew York City do7 other northern and eastern cities do11 southern and western cities do

Discount rate (N.Y.F.R. Bank), end of year ormonth percent--

Federal intermediate credit bank loans d o _ _ _ _Federal land bank loans doHome mortgage rates (conventional 1st mort-

gages) :New home purchase (U.S. avg.) percent..Existing home purchase (U.S. avg.) do

Open market rates, New York City:B ankers' acceptances (prime , 90 days) _ . doCommercial paper (prime, 4-6 months) .._do___.Finance Co. paper placed directly, 3-6 mo. doStock Exchange call loans, going rate do___ .Yield on U.S. Government securities (taxable):

3-month bills (rate on new issue) per cent ..3-5 year issues _ _ _ . _ _ _ do

Savings deposits, balance to credit of depositors:N.Y. State savings banks, end of period _ mil. $__U.S. postal savings f do

CONSUMER CREDIT!(Short- and Intermediate-term)

Total outstanding, end of year or month mil. $Installment credit, total do

Automobile paper doOther consumer goods paper doRepair and modernization loans doPersonal loans doBy type of holder:

Financial institutions, total.— _ _ _ _ doCommercial banks doSales finance companies doCredit unions _ doConsumer finance companies doOther _ _ do

Retail out lets, total _ _ doDepartment stores doFurniture stores doAutomobile dealers doOther do

Noninstallment credit, total doSingle-payment loans total do

Commercial banks doOther financial institutions. _ do _

1 21, 6091 21, 198

i 41112431168

68 045102, 57473, 6545,2394,563

12, 539

66,881

40, 69816, 407

102, 22742, 1196,6779,032

20, 00829,156

48,78327,67921, 97921, 104

267. 2167.161.438.7

2 4. 992 4. 752 5. 022 5. 30

4.002 4. 702 5. 45

2 5. 782 5. 93

3 3. 77»3.9733.83« 4. 50

8 3. 5493 4. 06

28, 260390

78, 44260 54825 19515 5933 532

16 228

53, 14125 09414 7626 4585,0781,749

7,4073 9221 152

3701 963

17 8946 9545 9501. 004

i 22, 7191 22, 267

145214541—2

69 723

103, 50775, 2695, 3553,866

12,429

78, 260

45, 36221, 258

117, 16550, 6296,420

10,91922, 54032 068

48 29924, 25219, 50224 047

294 0191.857.644.6

25.0624 8325.0925.34

4.5024.9425.43

2 5. 7625.89

34.22M.38s 4. 273 4. 69

33.95434.22

30,312309

87, 88468,565

28,84317 6933,675

18, 354

60, 27329, 17316 1387,5125, 6061,844

8,2924 4881, 235

4472 122

19 319

7 6826 5871.095

21, 51121, 145

366471

-105

64 74196, 13068, 5715,2695,266

10, 965

72,082

42, 14819, 052

105, 23444, 5976,5728, 703

20, 55929, 977

47, 43824, 51020, 84122, 928

277.3177.159.141.1

4.004. 885.43

5. 745.89

4. 194.384.254. 55

3.9324. 12

28, 883356

79, 23761,886

26, 23515, 2923,488

16, 871

54, 91126, 20014, 9916,7395, 2021,779

6,9753 7011,077

3951, 802

17 351

7 2776 2431,034

21, 47221, 147

325505

-180

62 606

97, 84067, 5215,5456,384

12, 046

72, 994

42, 54019, 679

107, 45045, 2706,8039,290

20, 84230, 47446,70824,02620,82322, 682

279. 4179.558.641.3

4.004.935.43

5.775.88

4.254.384.254. 75

3.8954.11

28,995350

80, 46962, 80726,71715, 4583,534

17, 098

55, 76226,67015, 1586, 8715, 2431,820

7, 0453 7451, 076

4051,819

17, 662

7 4006,3421,058

21, 70921,363

346528

-182

63, 809

103,55369, 6515,4108,664

12, 404

73, 817

43, 12820, 130

110, 92546, 8477, 4189, 830

21, 14929,326

47, 51524, 25420, 61923,261

282.8183.057.742.1

4.994.745.015.31

4.004.995.43

5.765.86

4.254.384.254.75

3.8104.09

29, 272342

81, 71763,85027,28015, 6483, 576

17, 346

56, 72627, 21415,3727,0325,2871, 821

7,1243 7851, 084

4171,838

17, 867

7 5466,4771, 069

21, 86321,513

350524

-174

64, 17194, 57268,0964,9005,022

10,86174, 764

43, 43320,542

108, 54846, 2825,7129,484

21, 36730,224

47, 24423,66720, 67723, 577

281.5182.756.442.4

4.004.985.43

5. 775.86

4.224.384.254.75

3.8314.10

29, 380338

82, 539

64, 70427,77915, 8183,604

17, 503

57, 53727, 70515, 5657, 1245,3341,809

7, 1673 8111,090

4251,841

17, 835

7 5396,4761,063

21, 61721, 187

430564

-134

63, 50596, 10168, 1895,1053,914

12, 566

75, 896

43, 82720, 990

111, 07146, 9876,224

10, 28921, 73930, 11347, 08622, 99220,32224, 094

286.1185.857.043. 3

4.004.985. 43

5. 765.86

4.144.384.254.75

3.8364.19

29, 498332

83,319

65,50828, 11115,9963,648

17, 753

58, 29628,10715, 7217,2355,3871,8467, 2123 8471,103

4311,831

17, 811

7 5756, 4971,078

21, 74021,356

384528

-144

64 133

97, 04868, 2804,9405,591

12,075

76,276

44,31921, 003

111, 75548, 1175,453

10,15422, 01230,55347, 02322, 83020,20224, 193

286, 2186.256.543.5

5.004.765.035.31

4.005.025.43

5.755.89

4.254.384.254. 75

3.9124.24

29,785327

83, 80165,979

28, 17516, 2293,664

17, 911

58, 70328, 34315, 8027,3105,4101,8387,2763 9101, 117

4331,816

17, 822

7 6006, 5201,080

21, 95821, 614

344490

-146

65, 012

100, 02871,3485,5722,442

13, 692

77, 170

44,80521, 342

112, 72748, 7785,587

10, 05822, 23130, 585

47, 76923, 99119, 94823,778

288 9188.057.043.9

4.005.015.43

5.755.87

4.254.384.324. 75

4.0324.33

29,845321

84,46566,51128, 39316, 4923,676

17, 950

59, 10528, 61815, 8767,3635,4221, 826

7,4063 9791,138

4381,851

17, 954

7 6246,5461,078

21, 95821, 589

369452-83

66, 175101, 20472, 1275,4293,789

12,97777,662

45, 09421, 511

114, 74149,1676,482

10, 31922, 42531, 245

47,79024, 11919, 55023, 671

291.5189.857.644.1

4.005.025.43

5. 805.91

4.254.384.384.75

4.0824.46

30,001317

85, 29167,16828,61216 7973,689

18, 070

59, 56728, 85515, 9637,4365, 4651,8487,6014 1011,167

4431,890

18,123

7 6486,5551,093

22, 71922, 267

452454-2

69,723

103, 50775,2695,3553,866

12,429

78, 260

45, 36221,258

117, 16550,6296,420

10, 91922,54032, 06848, 29924, 25219, 50224, 047

294.0191.857.644.6

5.275 085.325.46

4.505.025.43

5.785.91

4.554.654.604.97

4.3624.77

30,312314

87, 88468,565

28,84317 6933,675

18, 354

60, 27329,17316,1387, 5125.6061,8448,2924 4881,235

4472,122

19, 3197 6826,5871,095

22, 75022, 392

358402

-44

68,22099,64772,4155,5323,153

11,982

78,868

45,01522, 259

116,02550,4626,429

10,34922,63831,444

47, 55723,94218, 95723, 615

297.0195.057.444.6

4.50c5.06

5.43

5.815.97

4.754.824.825.07

4. 5964.89

30,442303

87, 02768,31428, 78917, 5663,634

18, 325

60, 20229,20116,1067,4475,5981,8508,1124 4191,208

4482,037

18,713

7 6666,5741,092

22,23321, 862

371478

-107

65 231

99, 18271,3715,5313, 147

12, 619

79,600

45, 06422, 961116, 93951,3156,249

10,41922, 73031,124

46,22022,41818,29623, 802

297 1195.556.345.3

4. 50c 5.15

5.43

5.855.97

4.864.884.885.25

4.6705.02

30, 574299

86, 56568,27928,89417, 3863,603

18,396

60,33129, 31216, 0727,4735,6211,853

7,948

451

18, 286

7 7316,6301,101

22, 16021, 855

305551

-246

66, 29297, 16270, 3135,6513,223

11,51281,001

45, 11124, 160

118, 41052, 6406,035

10, 61822, 86732, 019

45,25221,47417, 94523, 778

299. 9199.355.645.0

5.555.415.585.70

4. 50c 5. 17

5.48

5.906.01

4.965.215.025.41

4.6264.94

30,797292

87, 05968,827

29, 24817, 4503,597

18, 532

60, 86329,68416, 1067, 5935,6301,8507,964

459

18,232

7,7956,6761, 119

••22 528••22, 170

»-358626

>-268

67 921

101 08273,3035 4693 983

11, 807r81, 813

43 37726, 040

119, 494'52,495

6,66610, 78923, 04131 757

46 37121, 84918,06424 522

302 7201 055.945.8

4.505.265.49

5. 996.09

5.005.385.255. 50

4. 6114.86

30,496277

88, 18469,54329, 59717, 5973,602

18, 747

61, 53930,12716, 191^ 7115, 6701,8408,004

466

18, 6417 8366, 7171,119

22 48122 113

368722

—354

65 630102 61771,7726 0304 700

12 727

82 696

43 09327 133

121 72553 8396,784

10 92423 26032 786

45 36820, 70417 46924 664

304 3202 2

54 947.2

4.505.365.52

6.026.16

5.185.395.385.50

4.6424.94

230

r Revised. « Corrected.1 Average for Dec. 2 Average for year. 3 Daily average.cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic

commercial interbank and U.S. Crovernment, less cash items in process of collection; forloans, exclusive of loans to domestic commercial banks and after deduction of valuationreserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).

217-518 O-66-6

9 Includes data not shown separately.©Adjusted to exclude interbank loans.§For bond yields, see p. S-20.or on y e s , see p. -.^Monthly data are as of the following dates: 1965—Apr. 23; May 21; June 30; July 16; Aug.

13; Sept. 10; Oct. 8; Nov. 5; Dec. 3; 1966—Jan. 28; Feb. 25; Mar. 25; Apr. 22; May 20.J Revised monthly data prior to Mar. 1965 appear in the May 1966 Fed. Reserve Bulletin.




1964 1965

Annual

1965


1966


FINANCE—Continued

CONSUMER CREDIT§— Continued

Total outstanding, end of year or month— Con.Nonmstallment credit— Continued

Charge accounts total mil. $Department stores doOther retail outlets doCredit cards r - do

Service credit doInstallment credit extended and repaid:

Unadjusted:Extended, total _ _ _ do_ __

Automobile paper doOther consumer goods paper doAll other _ _ - do

Repaid, total -- ---- -do. __Automobile paper doOther consumer goods paper doAll other _ do

Seasonally adjusted:Extended total do

Automobile paper doOther consumer goods paper _ _ _ _do_All other do

Repaid total doAutomobile paper doOther consumer goods paper _ _ _ do_ _ _All other _ _ _ do

FEDERAL GOVERNMENT FINANCE

Net cash transactions with the public: cfReceipts from mil. $Payments to doExcess of receipts or payments ( — ) doSeasonally adjusted, quarterly totals: t

Receipts from _ _ doPayments to doExcess of receipts, or payments ( — ) - do_

Receipts and expenditures (national income andproduct accounts basis), qtrly. totals, seas.adj. at annual rates: *

Receipts bilExpenditures doSurplus or deficit ( — ) do

Budget receipts and expenditures:Receipts, total __ - mil. $

Receipts, netf doCustoms do

Individual income taxes doCorporation income taxes doEmployment taxes doOther internal revenue and receipts do

Expenditures, total^f doInterest on public debt __ _ doVeterans' benefits and services doNational defense doAll other expenditures - do

Public debt and guaranteed obligations:Gross debt (direct), end of yr. or mo., total-bil. $_,

Interest bearing, total. doPublic issues _ do

Special issues _ _ _ _ _ _ _ _ doNoninterest bearing and matured.. do

Guaranteed obligations not owned by U.S. Treas-ury end of year or month bil $

U.S. savings bonds:Amount outstanding, end of yr. or mo__.doSales, series E and H doRedemptions do_ _

LIFE INSURANCE

Institute of Life Insurance:Assets, total, all U.S. life insurance companies i

bil $Bonds (book value) total doStocks (book value) total doMortgage loans, total do

Real estate doPolicy loans and premium notes doCash _ __ do

Payments to policyholders and beneficiaries inU S total mil $

Death benefits doMatured endowments doDisability payments do

Surrender values doPolicy dividends do

1 6, 300!909

1 4 756*635

1 4, 640

67, 50524, 43519, 47323, 597

61, 12121, 67617, 73721, 708

115 031120 340—5 308

114 5118 3—3 8

117, 22288, 6961 352

52 33425 04717 10621 382

96 94511 0395 484

52 26129 067

i 317. 941 313. 551 267 48i i4 301 46 08M.39

1 81

1 49. 894 615.25

1 14Q 471 gy 961 7 94

i 55 15i go g51 4 531 7 141 1.49i 5 26

10 757 84 533 5

898 7160 6Qfii n

1 833 72. 370. 3

i 6 7461968

i 5 055i 723

* 4, 891

75, 50827, 91421, 45426, 140

67, 49524, 26719, 35523, 873

123 376127 920—4 544

r?4 1123.3

.7

124 35496, 6791 646

56 10227 035I?' 26822 303

101 37811 6155 151

52 77332 582

i 320. 90i 316 52i 270 26

1 -I K K-l

i 46 26i 4 39

i 46

i 50. 464 495 44

11 416 64 831 4' 931 1163 0

1 AOQ Q

1 932 32! 519^ 9

5,210626

3 942642

4,864

6,5542,5371,6212,396

5,5311,9931,5102,028

6 2452,2991,6482,2985 5001 9751 4972 028

10 49210 476

16

11 4238,549

1396 9431 1871 3111 8438 268

948452

4 3512 526

316. 56312 21267 81

14 6344 404.35

66

50.0839

.49

152 2768 856 62

56 6952 214 577 311 207 02

922 0398 682 012 9oq c

162 1182.' 9

5,453647

4 142664

4,809

6,2532,4191,6842,150

5,3301,9371,5181,875

6,1672,2491,7312, 187

5 5111 9871,5691,955

11 85710 5671 290

11, 5827,268

1286 067

5202 8612 007

8 116955450

4 3172 486

319. 22314. 17266 33

14 7047. 835.05

61

50.1136

.43

152 9269 126 67

57 0052 484 587 361. 197 00

878 5374 3

75 212 7o-i n

165 2169! 9

5,528627

4 218683

4,793

6,8392,6461,8042,389

5,7962,0821,6142,100

6,1962,2851,7192,192

5 6012,0071,5902,004

15 33411 5713 763

32, 64632 395

251

124 4120. 6

3.8

15, 52513, 404

1455 3246 5971 4062 0539 070

989476

4 9492,700

317. 27313. 11264 46

14 5948 654.16

59

50. 1536

.46

153 5069* 166 74

57 3852 814 617 411.236 97

950 2399 380 914 8OQ f\

162 9203! 3

5,534591

4,217726

4,762

6,5372,5241,7772,2365,6822,0251,6072,050

6,3832,3551,8182,210

5,6592,0071,6082,044

4 9819 696

—4 714

5,0703,807

1371 661

727629

1 915

7,2401,000

2103 8482,261

316. 58312. 20264. 41

14 3947. 79

4.38

47

50.23.39.46

154 4269 636 75

57 6653 044 647 461.287 00

911 6388 071 112 384 fi

157 1198. 5

5,498595

4 149754

4,738

6,4932,4011,7892,303

5,6882,0681,6112,009

6,3852,3721,8162,1975 7292 0681,6621,999

11 59512 299-705

10, 5867,350

1455 540'482

2 5011 918

8 990966483

4 3723,261

318. 24313. 90264. 12

14 9249! 784.34

.50

50.26.37.46

155 1969 826 80

58 0253 364 657 511.317 09

935 5400 467 912 585 5

158 8210.4

5,496647

4,078771

4,726

6,0852,0881,8492,148

5,6162,0241,6171,975

6,4342,3851,8592,190

5,7482,0561,6382,054

12, 59911,0901 509

30, 64632, 104-1,458

122.7125.6-2.9

12,64010, 999

1595 4224 2361 1201 7039 452

966474

4,5313,482

316. 75312. 36264. 2915 4048.074.39

52

50. 28.34.45

156 0469 846 96

58 4153 72

4 687 551.277 34

954 2398 8

74 614 3aa 7

164 5215. 3

5, 645682

4,221742

4,685

6, 2472,3181,8992,030

5,7142,0991,6361,979

6,4252,3381,9072,180

5,8052,0801,6702,055

4,28310, 518-6, 234

4,3273,295

1531 508

625461

1 580

8, 750962486

4,4772,878

318. 90314. 56267. 60

15 1846. 964.34

.49

50. 36.37.41

156 8970 107 07

58.8254 10

4.687 591.257 38

918.9388.875.813 0

83 5148.5209.3

5,740'725

4,291724

4,735

6,6082,4102,0042,194

5.9552,1931,7002,062

6,5302,4801,8732,1775,8312,1481,6832,000

10 72812, 312

—1 584

10, 2208,106

1645 934

5071,5082 107

9,105963526

4 5183,320

321. 71

317. 36270. 30

15 6547.054.36

.46

50.42.34.40

157 6470 227 13

59 2854 52

4.707 621.367 33

879 4381.9

74.612 7

85 3148.3176.6

6,746968

5,055723

4,891

7,5192,3282,6572,534

6,1202,0971,7602,263

6,4892,4431,8622,184

5,8552,1071,7202,028

10, 83811, 121

—283

30, 68533, 098-2,413

125.3127.0-1.8

10, 8079,553

1403 7054 315

8031 844

9,4261,005

2075,0913, 155

320.90316.52270. 2615 5146. 264.39

.46

50.46.33.42

158 7069 977 24

60 0255 20

4.687 671.487 63

1 246 3480 1

74 815 9

85 0174 8415. 7

6,107855

4 509743

4,940

5,5862,0011,6841,901

5, 8372,0551,8111, 971

6, 5442,3401, 9832,2215,9472,1151,7782,054

7 09111 233

—4 142

7,1376,453

1364 140

682423

1 756

8,8091,035

5304,6052,712

322. 00317.60273.2415 5344.36

4.40

.42

50.44.47.65

159 6370 507 29

60.5255 68

4.697 721.307 60

964.3411.885.114 4

104 5162.1186.4

5,505

7465,050

5,5172,0841,5271,9065,5521,9791,7071,866

6,4922,3401,9572,195

5,9542,1351,7812,038

12 40011,2641 136

12, 4328, 335

1296 986

5733,1171 6278,156

976513

4,4832,200

323. 31318. 92273. 1415 8245.784.39

.43

50.45.35.46

160 2370 667 29

60.8855 99

4.707 771.307 63

909. 8403.577.912 2

90 0157.0169.2

5,393

7555,044

6,8652,6761,8902,299

6, 3172,3221,8262,169

6,6732,4791,9592,235

6,0242,2161,7082,100

13, 80412, 0861,718

32, 68436, 908-4, 224

' 133. 8133.6

' .2

15,70111, 297

1684,3767, 2442,0401,873

10, 1931,035

525r 5, 600'3,038

321. 00316. 58270. 62

15 6445.96

4.42

.46

50.49.46.54

160 8070 987.27

61.2956.324.727.851.027 67

1,139.5503.094.816 6

100 3196. 5228.3

5 670

7655,135

6,6582,4861,8742,2985,9422,1371,7272, 078

6,5052,3021,9582,245

5,9742,1451,7292,100

11, 85311, 325

528

13, 0729,929

1517,3412,4401,3201,821

8,3621,013

2894,9952,078

319. 58315. 22270. 3015 4744.924.36

.47

50.52.43.51

161 4871.157.17

61.7156.65

4.737.96.90

7 74

984.2418.182.313.6

90 9178.6200:7

322. 36

317. 93269. 12

48.804.43

.47

50.58.41.47

T Revised. *> Preliminary.1 End of year; assets of life insurance companies are annual statement values.§ See note "J" on p. S-17. cf Other than borrowing. { Revisions prior to 1965 for cash

transactions with the public (seas, adj.) and for Jan. 1964-Mar. 1965 for assets of all life insur-ance cos. will be shown later.

*New series; annual data for 1929-64 and quarterly data for 1946-64 are shown in the Aug.1965 SURVEY. IData for net receipts and total expenditures reflect exclusion of certaininterfund transactions.




1964 1965

Annual

1965


1966


FINANCE—Continued

LIFE INSURANCE— Continued

Life Insurance Agency Management Association:Insurance written (new paid-tor insurance) :

Value estimated total! mil. $Ordinary! doGroup and wholesale _ . _ _ do_ .Industrial __do

Premiums collected:!Total life insurance premiums _ do

Ordinary doGroup and wholesale _ do- _ _Industrial do

MONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U.S. (end of period).. .mil. $__Net release from earmark § doExports . thous. $._Imports do

Production, world total. _ ... mil. $South Africa doCanada . _ doUnited States _ _ do.

Silver:Exports thous. $Imports _ _ do_Price at New York dol per fine ozProduction:

Canada ; _ _ thous. fine ozMexico doUnited States ._ _ . do.

Currency in circulation (end of period) bil. $

Money supply and related data (avg. of daily fig.) :!Unadjusted for seas, variation:

Total money supply bil. $Currency outside banks doDemand deposits do

Time deposits adjusted^ doU.S. Government demand deposits do. _

Adjusted for seas, variation:Total money supply __ _ _ _ do.. _

Currency outside banks doDemand deposits _ do

Time deposits adjusted^. do_ v _

Turnover of demand deposits except interbank andU.S. Govt., annualrates, seas, adjusted:

Total (225 SMSA's) 9 -.ratio of debits to deposits..New York SMS A do

Total 224 SMSA's (except N.Y.)_ _ do6 other leading SMSA'sc? - do218 other SMSA's _ _ _ _ do

PROFITS AND DIVIDENDS (QTRLY.)

Manufacturing corps. (Fed. Trade and SE O.-Net profit after taxes, all industries mil. $..

Food and kindred products doTextile mill products doLumber and wood products (except furniture)

mil. $_.Paper and allied products doChemicals and allied products doPetroleum refining _ doStone, clay, and glass products doPrimary nonferrous metal doPrimary iron and steel doFabricated metal products (except ordnance,

machinery, and transport, equip.) mil. $Machinery (except electrical) doElec machinery, equip and supplies doTransportation equipment (except motor

vehicles, etc ) mil $Motor vehicles and equipment doAll other manufacturing industries do

Dividends paid (cash) , all industries doElectric utilities, profits after taxes (Federal Re-

serve) mil $Transportation and communications (see pp. S-23

and S-24).

SECURITIES ISSUED

Securities and Exchange Commission:Estimated gross proceeds, total mil. $..

By type of security:Bonds and notes, total do

Corporate doCommon stock doPreferred stock. do

105, 00873, 13024, 5667,312

14,38510,7682,2251,391

15,388256

422,74440,888

21,395.01, 019. 8

133.451.4

144, 12166,3111.293

29,93341,71645, 872

39.6

156.333.5

122.8119.4

5.8

44.789.532.941.429.2

23,2111,692

507

314754

2,8574,094

681758

1,225

8422,0011,512

5462,8082,617

10, 810

2,385

37,122

34,03010, 8652,679

412

1139,81680, 582

1 51, 8767,358

15,03211,250

2,4191, 364

13, 733-198

1,285,097101, 669

1, 069. 6125.6

54, 06164, 7691.293

31, 91640, 33344,423

42.1

162.635.2

127.4137. 6

6.4

48.499.635.444.931.4

27, 5211,896

694

3388753

3,1884,442

761970

1,401

1,1512,4991,926

7213,496

5 3, 285

11, 979

2,568

40, 108

37, 83613, 7201,547

725

9,1096,8881,595

626

1,204914188102

14, 41013

58, 6371,779

88.011.3

5,3024,9321.293

2,3792,9944,599

38.8

161.634.5

127.1134.0

5.6

161.134.7

126.4133.5

48.4100.035.244.531.2

3,050

2,8871,070

12735

8,9286,6881,549

691

1,218924188106

14, 290124

267, 9562,465

89.210.4

9,2734,3641.293

2,6323,2903,527

39.2

157.634.6

123. 0135.4

9.7

160.034.9

125.1134.6

47.096.034.744.330.6

3,160

2,7121, 324

38465

9,4437,0111,799

633

1,22393019598

13,93499

126, 4071, 562

90.110.7

2,1013,7631. 293

2,8842,9033,418

39.7

159.634.9

124.6136.6

9.3

161.835.0

126.8135.9

50.9107. 036.345.532.2

7,215454166

93188853

1,088220270411

325689455

1871,057

759

2,942

597

4,297

3,9881,729

154155

8,5876,4571,535

595

1,254954194105

13, 857-157

159, 9472,153

90.810.0

8483,9171.293

2,5493,8383,159

39.9

160.935.4

125.6138.3

9.1

162.535.2

127.3137.6

49.3104.935.144.431.1

2,936

2,8141,322

7844

8,7966,6541,537

605

1,222915204103

13, 85743

108, 02817, 794

91.010.5

4,1995,7161.293

2,5073,6473,231

40.2

160.535.5

125.0140.2

7.4

162. 735.4

127.3140.1

48.499.435.544.931.7

2,354

2,262837

7815

9,7076,7002, 423

584

1,191898193100

13, 858142

126, 3241,539

89.710.2

1,5346,1041.293

3, 0433,5662,957

40.4

163.235.6

127.5141.4

5.6

164.335.6

128.7141.6

47.295.435.344.131.4

6,590522176

105184789

1,079253214312

304652471

184469876

2,623

626

3,029

2,8611,370

7692

i 37,6756,919

130,131625

1, 264962196106

13, 85718

101, 2751,888

90.410.5

4,0464,7221.293

3,0203,6773,871

40.8

165.836.0

129.8143.5

5.0

165.635.9

129.7143.6

47.496.335.143.831.4

2,661

2,537861116

8

9,9697,1192,209

641

1,248934211104

13,80581

101,33556,027

10.4

5,07210, 8091.293

2,801

4,104

41.8

167.436.5

130.9144.4

4.0

165.736.1

129.6145.5

50.5104.737.047.632.1

6,340

6,0831,142

16592

11,8927, 4233,937

532

1,5321,026

278228

13,733-72

67,84210, 102

3 Igl 110.2

3,9087,6881.293

2,8673 6, 825

3,625

42.1

172.037.0

135.0145.3

4.5

167.436.3

131.2147.0

50.6102.237.547.733.3

7,484511201

84219815

1,214206251290

278658594

203985976

3,756

632

2, 948

2,7891,487

7286

7,9646,0101,389

565

1,251953188110

13, 732-37

10,8773,037

9.8

4,6166,4751.293

2,3083,5803,496

41.1

173.036.5

136. 5147.4

3.7

168.436.7

131.8148.0

50.7104.537.047.332.7

' 3, 021

' 2, 834' 1, 152

'68119

8,3336,4181,382

533

1 1,21691420696

13,730-31

02, 159

9.6

8,8756,5461.293

3,026

41.3

167. 836.3

131.5148.7

5.1

168.036.8

131.2148.8

50.9105.637.047.632.5

'3,008

'2,878' 1, 143

'5575

11,1207,7972,694

629

1,3641,046

22098

13,63420

67, 77510,766

4 269 6

7,2986, 4521.293

4,149

41.5

167.836.5

131.3150.2

4.6

169.236.9

132.3149.6

52.3107.138.349.133.5

7,229469162

68213847

1,207115294324

313680546

186973833

3,040

758

4, 250

3,8332,065

39621

9,9287,1242, 230

574

1,251947203101

13,632-57

1.293

41.5

171. 636.8

134.8152.2

3.0

171.137.1

134.0151.6

52.8112. 037.747.833.3

3,667

3,4581,383

18128

13, 532

1,293

166.937.0

129.9153.9

7.2

169.537.3

132.2152.9

52.4109.337.849.832.8

' Revised. 1 Includes $28 bil. coverage on U.S. Armed Forces. 2 Estimated; excludesU.S.S.R., other Eastern European countries, China Mainland, and North Korea. 3 Datafor Nov.-Dec. 4 Jan.-Mar. quarter. s Beginning with April 1966 SURVEY, data reflectreclassification of companies between paper and allied products industries and instruments,etc. (included in all other).

!Revisions for insurance written (total and ordinary) for 1964 and premiums collected forJan.-Aug. 1964 will be shown later; those for money supply and related data for 1959-64

appear on p. 43 of the June 1966 SURVEY.§ Or increase in earmarked gold (—).ITime deposits at all commercial banks other than those due to domestic commercial

banks and the U.S. Govt.9 Total SMSA's include some cities and counties not designated as SMSA's.^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los

Angeles-Long Beach.




1964 1965

Annual

1965


1966


FINANCE—Continued

SECURITIES ISSUED— Continued

Securities and Exchange Commission— ContinuedEstimated gross proceeds— Continued

By type of issuer:Corporate total 9 mil. $

Manufacturing _ doExtractive (mining) _ do_ _Public utility doRailroad do _Communication do_ _Financial and real estate do

Noncorporate, total 9 - - _do_ _U S Government - doState and municipal _ _ _ -do

New corporate security issues :Estimated net proceeds, total _ _ do_

Proposed uses of proceeds:New money total do

Plant and eouipment doWorking capital _ do

Retirement of securities doOther purposes do

State and municipal issues (Bond Buyer):Long-term _ __ _ _ doShort-term do

SECURITY MARKETS

Brokers' Balances(N.Y.S.E. Members Carrying Margin Accounts)

Cash on hand and in banks mil $Customers' debit balances (net) doCustomers' free credit balances (net) doMoney borrowed - - do

BondsPrices:

Standard & Poor's Corporation:Industrial, utility, and railroad (AAA issues):

Composite cf - - - dol. per $100 bond-Domestic municipal (15 bonds) .. _ _ do

U.S. Treasury bonds, taxablel. . doSales:

Total, excl. U.S. Government bonds (SEC) :All registered exchanges:

Market value mil $Face value - _ - - _ _ . do

New York Stock Exchange:Market value --- do

New York Stock Exchange, exclusive of somestopped sales, face value, total mil. $__

Yields:Domestic corporate (Moody 's) percent. _

By rating:Aaa doAa - --do_ _ _A _ _ - _ doBaa - do

By group:Industrials _ _ _ _ _ _ _ do_ _Public utilities _ . do___Railroads _ _ _ _ do

Domestic municipal:Bond Buyer (20 bonds) doStandard & Poor's Corp. (15 bonds) -do

U.S. Treasury bonds, taxable© do

Stocks

Cash dividend payments publicly reported:Total dividend payments mil. $_ _

Finance doManufacturing _ _ _ _ _ do_ _Mining doPublic utilities:

Communications _do_ _Electric and gas do

Railroads _ doTrade _ _ _ - _- _ _ do_ _Miscellaneous do

Dividend rates and prices, common stocks(Moody 's):

Dividends per share, annual rate, compositedollars __

Industrials _ do_ _Public utilities doRailroads doN.Y. banks doFire insurance companies _ .do

Price per share, end of mo. , composite doIndustrials _ _ _ _ _ _ _ d oPublic utilities doRailroads do

13, 9573,046

4212,760

oqo

2,1893 856

23, 16510 65610, 544

13, 792

11, 2337 0034,230

7541,805

10,5445,423

*4881 5, 1011 1 169i 4, 132

95. 1111. 5

84. 46

2 882. 482, 640. 74

2,782.802, 542. 26

2, 524. 50

4.57

4.404.494.574.83

4.524.534.67

3.203.22

4.15

17, 682

2,8059,298

601

1,5732,035

422^680268

7.057.703.433.814.576.00

235. 08258. 55108. 7694.01

15 9925 417

3422,936

284947

4 276

24 1169 348

11. 148

15, 801

13, 0637 7125, 352

9961 741

11, 0846 537

1 5341 5,5431 1 666i 3, 706

93.9110. 6

83.76

3 794.223. 288. 68

3,643.113 150.16

2. 975. 21

4.64

4.494.574.634.87

4.614.604.72

3.283.27

4.21

19, 488

3,15410, 317

637

1,6782,174

446768314

7.658.483.864.094.906.33

250.31284. 32117. 0895.06

1,23356275

2122118

251

1,817390971

1,214

93968026061

213

9711,046

4895,0961,2074,066

95.0112.2

84. 53

261. 23257. 53

251. 67248. 48

214. 56

4.56

4.434.484.544.80

4.544.514.64

3.153.17

4.15

1,244

267392

18

292153267422

7.488.253.804.034.926.25

253. 28287. 13119. 5794.11

1,77373520

27524

145373

1,387356

1,020

1,746

1,56099356655

132

1,020652

4775,1541,2084,187

94.7111.9

84.58

240. 82220. 36

230. 16210. 27

207. 90

4.57

4.444.494.554.81

4.554.534.64

3.203.19

4.14

487

106180

3

2150

62812

7.548.383.804.004.926.31

249. 78282. 16118. 2190.22

2,038484

14195

1699

1,045

2,260362

1,000

2,018

1,665651

1,01472

281

1,000489

5155,1391,2974,436

' 93. 9110.8

84.57

303.79278.99

287.04262. 56

271. 92

4.60

4.464.524.584.85

4.594.564.66

3.303.26

4.14

2,864

2511,951

121

115242717439

7.558.383.834.044.926.31

238. 93269. 18114. 2286.23

1,44345443

22827

154206

1,492388

1,055

1,427

1,168735433137122

991380

4914,8871, 2333, 676

93.9110.8

84. 51

265. 58248.19

253. 01235. 86

191. 64

4.64

4.484.564.624.88

4.624.584.71

3.253.26

4.15

1,279

271400

19

312152218123

7.578.413.844.044.926.31

242. 16273. 38114.7690.93

93036419

3051329

134

1,424371718

919

7605721886991

718557

4914,9081,1923,771

93.5111. 0

84.00

294.76256. 23

282. 80245. 19

244. 98

4.65

4.494.594.654.88

4.634.604.73

3.293.25

4.19

507

115189

1

2150

92912

7.598.423.884.074.926.31

246. 50279. 07115. 4694.36

1.53843525

36526

202343

1,490342984

1,523

1,249797452130143

984543

5395,0161,3693,609

92.8109.3

83. 27

398.73332. 00

389. 95323. 26

307. 79

4.69

4.524.634.694.91

4.654.644.77

3.413.36

4.25

2,735

3051,763

122

114245

707640

7.638.473.904.084.926.31

254. 52290. 30116. 9595.11

98628728

1692096

284

1,675369867

973

8344803554990

867397

5255,0961,4753, 552

92.7108.4

82.97

424. 51345. 52

414. 32336. 49

290. 84

4.72

4.564.664.714.93

4.674.674.81

3.403.42

4.27

1,333

27743121

316153258426

7.788.673.964.164.926.31

260. 91301. 00118.3899.69

1,39842421

2421147

544

4,9423, 4631,018

1,377

1,18358459852

143

1,018665

5505,2321,4793,661

92. 3107.7

82.22

373. 10296. 25

361. 09285. 05

272. 00

4.75

4.604.694.754.95

4.714.714.83

3.503.47

4.34

537

141199

4

2146

72612

8.129.033.994.284.936.57

255. 62296. 07115. 84102. 30

1,64649264

3071460

437

1,302331768

1,632

1,279699580136217

768332

5345,5431, 6663,706

91.1106.3

81. 21

490.17368. 03

469.00350. 45

302. 78

4.84

4.684.804.855.02

4.794.824.91

3.543.56

4.43

3,881

5722,504

187

1182521138154

8.159.064.024.344.946.59

258.09299. 67114.86103. 46

1, 339'370

21'399

46r 142r 153

1,682475

1,176

' 1, 325

r 1, 214T 959'255'22'88

1. 176355

5815, 5761,7303,669

90.5106.9

81.15

359. 80287. 99

348. 47278. 54

252.64

4.89

4.744.834.915.06

4.844.854.97

3.543.52

4.43

1,561

42846023

34315619

10725

8.189.104.034.354.946.59

257. 90300. 28111. 34109. 88

1 273'541'34

'24942

'163' 116

'1,735345

'845

' 1, 259

' 1, 068'817'251

r 22'169

845382

5755,7771,7653,586

89.5105.2

79. 32

383. 38296. 12

371. 60285. 18

250. 95

4.94

4.784.904.965.12

4.914.905.02

3.833.63

4. 61

756

326193

4

3159

94814

8.229.164.034.354.946.59

252. 36293. 20106. 81110. 59

2 4821,001

2834440

304296

1,768457848

2,452

2,0391 482

5577

407

848608

6455,6711,8223,603

87.9103.9

78.92

485. 14373. 14

466. 96358. 35

331. 66

5.10

4.925.055.125.32

5.065.085.18

3.593.72

4.63

2,870

2931, 880

124

121258747347

8.239.174.084.354.946.65

244. 95286. 15105. 4]102. 01

1 59267314

3683577

173

2 075426

1,181

1,570

1,4211 077

34416

133

1,1441,055

6045,8621,7443,858

87.6' 105. 9

79.75

423. 27334.44

402. 67318. 91

253. 71

5.16

4.965.105.185.41

5.095.215.19

3.623.59

4.55

1,385

28043821

349160

278426

8.239.184.084.354.946.65

246. 67288. 12106. 32102. 66

87.6104.5

79. 56

285. 53

5.18

4.985.105.175.48

5.125.235.20

3.68

4.57

526

111197

3

3160

62917

8.249.184.094.354.946.65

236. 01274. 18102. 4593.56

' Revised. l End of year. 9 Includes data not shown separately,cf Number of bonds represented fluctuates; the change in the number does not affect the

continuity of the series.

T Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.O For bonds due or callable in 10 years or more.




1964 1965

Annual

1965


1966


FINANCE—Continued

SECURITY MARKETS— Continued

Stocks— Continued

Dividend yields and earnings, common stocks(Moody 's):

Yields, composite _ .percent. _Industrials doPublic utilities doRailroads . doN.Y. banks doFire insurance companies do

Earnings per share (indust., qtrly. at arm. rate;pub. util. and RR., for 12 mo. ending each qtr.) :

Industrials _ _ _ _ dollarsPublic utilities doRailroads do

Dividend yields, preferred stocks, 14 high-grade(Standard & Poor's Corp.) percent. .

Prices:Dow-Jones averages (65 stocks) .

Industrial (30 stocks)Public utility (15 stocks)Railroad (20 stocks) _. ___ .

Standard & Poor's Corporation :cfIndustrial, public utility , and railroad:

Combined index (500 stocks)... ..1941-43=10..

Industrial, total (425 stocks) 9 ...doCapital goods (122 stocks) _ _ doConsumers' goods (188 stocks) do

Public utility (50 stocks) . _ do_ _ _ .Railroad (25 stocks)..... do..._

Banks:New York City (10 stocks) do.__.Outside New York City (16 stocks) _ do

Fire and casualty insurance (22 stocks)___do

Sales (Securities and Exchange Commission):Total on all registered exchanges:

Market value. _ _ _ mil. $Shares sold _._ millions

On New York Stock Exchange:Market value . . mil $Shares sold (cleared or settled) millions

Exclusive of odd-lot and stopped stock sales(N.Y.S.E.; sales effected) millions..

Shares listed, N.Y. Stock Exch., end of period:Market value, all listed shares ___bil. $..Number of shares listed _ _ _ _ . millions

3.002 983 154.052 972.50

14 395.416.97

4.32

294. 23834 05146 02204. 36

81.37

86.1976.3473.8469.9145. 46

39.6477.5467.20

72,1472,045

60 4241 482

1, 237

474. 329, 229

3.062 983 304.30o oo2.74

16 505 928.16

4.33

318. 50910. 88157. 88216. 41

88.17

93.4885.2681.9476.0846. 78

38.9271.3564.17

89, 2252,587

73, 2001 809

1,556

537. 4810, 058

2.952 873 184 283 242.51

4.28

317. 55907 71162 25212 19

87.97

93.0884.8583 7877.2446.63

40.0071.8169.49

6 696199

5 508136

119

506. 589,516

3.022 973 214.433 392.70

4.30

319. 93927 50161 35209 18

89.28

94.6986.3585 2177.5045.53

38.9171.2367. 67

6 580198

5 366133

110

503. 549,647

3.163 113 354.693 512.84

17.215.686.91

4.38

302. 72878 06154 93195. 79

85.04

90.1981.6280.0474.1942.52

37.1768.4762.54

6 911187

5 819136

128

478.839,785

3.133 083 354.443 382.86

4.38

303. 66873 43155 71199. 51

84.91

89.9280.5478.8074.6343.31

38.1870.2260. 95

5 656154

4 783116

85

487. 859,829

3. 083 023 364.313 252.90

4.34

312. 37887 70155 44214. 21

86.49

91.6883.2580.2374. 7146.13

38.9670.9860.75

5,952163

4 937120

109

500. 629,863

3.002 923 334.293 172.94

14. 605.827.22

4.32

321.61922 18157. 51218. 86

89.38

94.9386.9182.3476.1046.96

40.4372.7460. 79

7,993222

6,662165

155

517. 679,931

2.982 883 354. 173 432.96

4.38

330. 89944 77157. 19231. 09

91. 39

97.2090.2883.9076.6948.46

39.6871.6858.58

9,664279

7,857199

164

532. 839,984

3. 183 053 444.183 512.94

4.41

335. 45953 31157. 11238. 11

92. 15

98.0291.6283. 7576.7250.23

37.1969.2659. 56

8, 603262

6, 879163

147

530. 7710,013

3.163 023 504.193 512.63

18 265 928.16

4.47

337. 09955 19152. 00245.33

91.73

97.6691.4283. 3175.3951.03

37. 7170.2766.13

11, 683345

9,200231

191

537.4810, 058

3.173 033. 623.963 552.70

4.51

346.95985. 93151.26255. 52

93. 32

99.5693.3584. 2874.5053.68

37. 2470.9367.86

11, 022304

8,651206

183

542. 7510, 136

3.263 123 773 933 782.79

4.63

347 42977 15145 87264 99

92,69

99. 1193 6983.4871.8754.78

36.1070. 5166.98

11, 169302

8,789198

166

535. 3810, 180

3.363 203 874.263 812.95

17.106.038.56

4.83

331. 16926. 43141. 49252.80

88. 88

95.0490. 2878. 9669. 2151.52

34. 1165.1963.28

12,978337

10,359224

192

523. 9310,245

3.343 193. 844.244 032.82

4. 78

337. 27943. 70140. 26260.64

91. 60

98.1793.5479.2870.0652. 33

33.6764.1765.27

12,909357

9,893221

186

536. 3610,276

3.493.353.994.653.952.97

4.83

314. 62890. 70137. 32233.07

86.78

92.8588.7875. 1268.4947.00

32.3261.2263.33

171

507.7710,507

FOREIGN TRADE OF THE UNITED STATES

FOREIGN TRADE

Value

Exports (mdse ) , incl reexports totalQ mil $Excl. Dept. of Defense shipments do

Seasonally adjusted do

By geographic regions:AAfrica doAsia _ _ _ _ _ _ d oAustralia and Oceania doEurope do

Northern North America doSouthern North America doSouth America do

By leading countries:Africa:

United Arab Republic (Egypt) doRepublic of South Africa _ _ _ d o

Asia; Australia and Oceania:Australia including New Guinea doIndia _ doPakistan doMalaysia do

Indonesia doPhilippines doJapan do

Europe:France doEast Germany doWest Germany do

Italy doUnion of Soviet Socialist Republics doTTnitoirl TT-inorrlnTn Af\

26,488.825,670.6

1,222.55,233.7

750. 18,326.7

4, 746. 72, 044. 82, 129. 7

268. 2396.1

639.6955.0375.777.0

68.1361.5

1,912.6

805.920.2

1, 315. 2

833.4144.6

1 471 4.

27, 346. 226, 567. 1

1, 224. 15, 495. 8

850.78, 851. 6

5, 587. 12, 094. 62, 141. 7

157.6437.8

700.7928.0335.989.5

41.5336.3

2, 057. 5

901.812.6

1, 501. 8

864.444.4

1 Kfi4 8

2,611.52,528.3

2,379.6

131. 1559.682.3

885. 1

456.8190.1210.2

21.943.9

70.293.342.89.1

4.434.0

189.5

84.8.5

152.5

95.27.4

144 8

2,427.92,381.0

2,260.2

120.4466.776.7

806.3

517.7175.6192.3

9.046.6

65. 281.041.98.1

5.432.0

152.5

87.62.1

127. 7

74.88.8

139 9

2,335.62,218.9

2,230.2

120.2459.0

70.2675.9

531. 2179.0168.9

11.742.0

58.292.228.97.6

3.327.7

152.3

71.5.8

113.0

63. 63.1

118 7

2, 244. 82, 172. 1

2,255.5

82.1485.069.4

732.9

451.1171. 0164.7

10.429.5

58.697.326.98.1

4.328.4

195.4

69.2.1

121.2

67.52.0

198 5

2, 188. 32, 123. 5

2,332.9

111.9422.1104.9670.4

440.1170.9172.2

23.641.9

78.175.231.37.5

2.124.7

156.7

72. 7.6

120. 1

60.73.1

117 K

2,163.02,140.2

2,324.1

129. 2401.178.9

666.7

458.5172.8191.9

17.850.0

60.972.914.07.1

4.334.5

145.6

61.8.5

114.1

59.51.5

19fi 3

2, 444. 02, 419. 5

2, 341. 6

105.6458.867.1

806.0

532.5188.6210. 6

11. 935.7

52.373.322.97.4

2.732.0

169. 9

78.91.2

147.0

86.53.1

143. ft

2, 505. 42, 440. 4

2,408.2

84.5480.366.3

857.6

528.3193.0197.4

6.427.7

56.353.325.58.1

2.725.4

196.6

86.1.9

159. 7

81.73.1

155. fi

2, 606. 52, 550. 5

2,355.8

91.0525.960.2

880.4

524.8190.4227.8

6.121.2

50.163.042.38.0

3.826.1

202.6

88.03.4

129.6

85.14.3

164.1

12,132.512,132.5

2, 248. 6

85.9400.656.9

765.2

434.1170.3178.1

5.830.6

46.362.317.33.0

2.324.1

157. 9

83.33.7

131.5

71.82.6

140. 0

2, 297. 52,210.3

2,334.8

86.2447.260. 2

790.3

457.4161.3177.2

12.023.2

49.988.415.83.7

2.923.9

174.6

84.01.6

121.2

67.94.2

138.1

2,817.92, 747. 0

2, 594. 4

132.0533.670.2

993.5

567. 1212.0217.8

22.841.4

58.8116.913. 24. 1

2.527.5

194.3

98.71.4

166.1

88.52.9

175.6

2, 6QO. 52,464.7

2, 331. 2

114. 4495.660.0

820.4

564.6176. 7196.0

18.633.3

51.097.911.74.1

3.129.6

196.0

82.64.2

143.9

81.34.8

140.9r Revised. v Preliminary. 1 See note 2 for p. S-22.cfNumber of stocks represents number currently used; the change in number does not

affect continuity of the series.9 Includes data not shown separately.O Beginning Jan. 1965, data reflect adoption of revised export schedule; in some instances,

because of regrouping of commodities and release of some "special category" items from therestricted list, data for commodities and countries are not comparable with those for earlierperiods.

A Excludes "special category" shipments.




1964 1965

Annual

1965


1966

Jan. Feb. Mar. 1 Apr.1

May

FOREIGN TRADE OF THE UNITED STATES—ContinuedFOREIGN TRADE— Continued

Value— ContinuedExports (mdse.), incl. reexports— Continued

By leading countries— ContinuedNorth and South America:

Canada - mil. $ _

Latin American Republics, total 9 do

Argentina ' doBrazil doChile --- _-_do

Colombia _ _ _ _ _ _ _ d o _ _Cuba do _ _ _Mexico doVenezuela - do_ _ _

Exports of TJ S merchandise total Ot cloExcl military grant-aid J _ _ do__

By economic classes:Crude materials doCrude foodstuffs doManufactured foodstuffs and beverages doSemimanufactures cf doFinished manufactures c?1 do

Excl military grant-aid doBy principal commodities:

Agricultural products total 9 do

Animal and vegetable oils and fats doCotton unmanufactured doFruits vegetables, and preparations doGrains and preparations doMeat and meat preparations doTobacco and Tp?vnnfaotu''p,s /\ do

N onagri cultural products, total 9 - do

Automobiles, parts, and accessories doChemicals and related products § doCoal and related fuels doIron and steel prod (excl. adv. mfs.) do

Machinery total § 9 do

Agricultural _- -_- _do_Tractors parts and accessories doElectrical doMetalworking§ _ . __do _ _Other industrial do

Petroleum and products doTextiles and manufactures do

General imports total J doSeasonally adjusted J do

By geographic regions:Africa _- doAsia doAustralia and Oceania doEurope _ _ -do _ _

Northern North America doSouthern North America doSouth America _ - do

By leading countries:Africa:

United Arab Republic (Egypt) doRepublic of South Africa do

Asia; Australia and Oceania:Australia, including New Guinea doIndia doPakistan doMalaysia doIndonesia doPhilippines doJapan do

Europe:France doEast Germany doWest Germany doItaly doUnion of Soviet Socialist Republics _ _ _ _ d oUnited Kingdom. _ _ _ _ _ _ do

North and South America:Canada do

Latin American Republics, total 9 _ _ _ _ _ d o — _ _

Argentina doBrazil doChile do

Colombia doCuba doMexico doVenezuela _ __ _do _ _

4, 774. 5

3,737.9

261.6387.8180.9

246.2C1)

1, 092. 4606.3

6, 136. 45, 318. 2

2, 897. 52, 540. 21 687 44, 067. 24, 893. 84, 076. 1

6, 347. 0

429 4690.2434.7

2, 579. 8181.3544.5

19, 739. 0

1, 720. 82, 326. 2

504 7895.7

6 344 8

229.0547.3

1, 540. 2520.6

2 991. 7

471.4804.9

18, 684. 0

916.53, 619. 5

439.75,307.3

4, 241. 61, 639. 32, 508,5

16.2249.5

281.1304. 540.0

161.1169.7387.2

1, 768. 0

495.06.7

1, 171. 1526.220.2

1, 143. 2

4,238.5

3, 523. 7

111.3534. 7218.2

280.40)643.1956.4

5, 586. 7

3,750.6

266.0328.6235.3

196.40)

1, 105. 2623. 7

27, 003. 326, 224. 5

6,228.9

20,777.0

21,366.4

875.14, 528. 4

453.56, 293. 0

4, 837. 11, 741. 12, 626. 2

16.1225.1

314.1348. 044.8

211.9165.3369.1

2,414.1

615.36.5

1,341.6619.742.6

1,405.3

4, 831. 9

3, 676. 6

122. 1511.9209.4

276.70)637.9

1, 020. 6

r 456. 0

352.1

2&726.922.3

20.00)92.963.8

2,584.32, 501. 1

553.9

2, 031. 3

1,856.81,832.9

66.2' 403. 0

30.7r 575. 0

' 377. 0' 162. 0' 242. 8

1.319.3

19.037.5r5.323.516.636.7

204.9

55.6.6

130.752.62.5

r 109. 5

' 376. 8

r 340. 9

11.137.230.3

24.20

61.1"•94.6

517.6

327.6

23.227.521.0

21.40

92.754.6

2, 397. 42,350.5

532.9

1, 864. 8

1,723.31,789.0

75.3339.938.0

542.3

398.6145.4183.0

1.417.4

24.524.33.2

16.712.229.5

177.3

54.2.6

110.349.72.2

115.5

398.3

274.3

10.336.413.8

-20.70

57.266.3

531.2

307. 6

19.420.215.8

13.80

95.255.8

2, 307. 42, 190. 7

530.9

1, 776. 7

1, 907. 01, 829. 5

82.0410.930.8

537.6

441.7158.3245.1

1.018.8

20.133.14.1

17.315.727.1

220.0

63.5.3

117.654.82.6

112.7

441.5

344.2

11.138.922.3

25.20

61.9101.9

451.1

297.6

22.018.818.0

12.80

92.552.2

2, 212. 12,139.4

548.1

1, 664. 1

1, 632. 91,663.1

50.9345.641.7

505.7

400.5114.5173.2

2.68.2

25.923.74.0

16.710.225.6

194.5

55.1.2

110.649.13.3

118.4

399.4

238.6

8.927.89.9

18.80

39.371.1

440.1

304.1

25.924.717.4

13.40

88.952.8

2,161.02,096. 2

459.3

1, 701. 7

1, 716. 01, 763. 6

68.4394.736.7

486.8

408.3123.1198.9

.615.3

25.128.04.2

13.610.835.3

231. 0

53.3.3

91.256.1

2.4112.1

407.6

270.4

10.436.111.9

22.80

41.877.5

458.5

327.3

18.432.031.1

15.50)93.149.9

2, 133. 22, 110. 4

484.7

1, 649. 2

1, 797. 61,806.8

89.1423.447.4

489.9

414.7118.2214.1

.527.6

35.131.83.6

24.514.733.5

224.1

41,71.4

110.453.11.9

111.8

413.5

276.2

11.854.318.9

24.1C1)39.268.9

532. 5

354.5

25.539.921.3

17.20

98.058.3

2, 411. 92, 387. 4

587.0

1, 824. 9

1,997.12,005.9

87.9411.055.5

621.1

416.4136.4268.4

.616.3

43.027.03.3

18.616.231.2

227.8

54.7.3

135.758.58.2

148.2

416.0

348. 5

11.365.624.9

31.40

47.384.5

528.3

344.8

22.735.923.2

18.30

99.254.0

2, 472. 22,407.2

652.2

1, 820. 0

1, 966. 71,903.3

81.1412.435.2

592.3

448.9151.9243.2

.526.3

23.227.32.6

18.513.828. 5

231.3

54.3.4

133.158.83.5

137.1

448.6

342. 4

10.462.923.1

27.00

63.770.3

524.8

375.8

22.852.126.3

23.90

99.056.9

2, 576. 02, 520. 0

647.5

1,928.5

2, 159. 92,034.6

90.0446.637.7

661.5

470. 1178.0274.7

1.225.6

28.733.85.3

26.915.739.9

221. 9

61.51.2

131.967.95.7

165.3

469.7

380.5

10.863.011.5

31.60

65.5110.1

434.1

310.4

16.839.520.8

18.00)93.545.0

22,105.322,105.3

505.7

1, 599. 6

1, 828. 71, 935. 5

70.9373.837.8

556.5

403.1161.3225.2

2.816.5

26.228.96.38.3

12.529.2

200.8

47.6.5

130,149.31.9

124.5

402.5

323.8

11.348.519.4

22.60

62.984.6

457.4

303.4

16.731.522.3

21.90)86.944.6

2, 264. 02, 176. 8

518.6

1,745.4

1, 822. 51, 992. 9

72.2375. 643.3

534.1

417.0153.9225. 4

1.014.1

31.625.45.5

18.712.632.5

190.0

50.4.4

119.751.64.8

106.0

416.9

328.7

9.348.117.2

27.80

65.281.7

567.0

379.6

18.753.620.7

25.2C1)

108.651.7

2, 778. 42, 707. 5

624.8

2,153.6

2, 245. 72, 072. 7

119. 0438.041.7

689.8

520.7182.8252.7

1.931.3

24.326.06.5

10.416.340.6

250.1

63.8.8

156.858.53.4

151.7

519.9

369.1

12.942.922.2

20.90

73.1111.6

564. 5

331.0

15.046.019.4

23.30

88.249. 6

2,557.92, 422. 1

552. 3

2, 005. 6

2, 071. 22, 138. 2

88.5434.648.6

637.7

472.8170.0218.8

3. 617.4

27.329.05.7

17.118.834.6

245.4

53.3.5

131.856.13.7

138.0

472.8

326.3

14.444.916.2

20.70

70.182.2

r Revised. ? Preliminary. 1 Less than $50,000. 2 Military grant-aid shipments forDec. 1965 (ordinarily included with Jan. 1966 data) are included in Feb. 1966 data; subsequentmonths will include these shipments on a 2-months delayed basis. ^Revisions for Jan.-Nov. 1964 will be shown later. 9 Includes data not shown separately. QSee similar

note on p. S-21. d"Data for semimanufactures reported as "special category" are includedwith finished manufactures. AManufactures of tobacco are included in the nonagriculturalproducts total. §Excludes some "special category" exports.


June 1966 SURVEY OF CUREENT BUSINESS S-23


1964 1 1965

Annual

1965


1966


FOREIGN TRADE OF THE UNITED STATES—Continued

FOREIGN TRADE— Continued

Value— Continued

Imports for consumption total mil. $By economic classes:

Crude materials i - do_Crude foodstuffs doManufactured foodstuffs and beverages _do_ _Sem imanufactures doFinished manufactures do_

By principal commodities:Agricultural products total 9 do

Cocoa (cacao) beans, incl. shells doCoffee doRubber, crude (incl. latex and gtiayule) _doSugar (cane or beet) doWool and mohair unmanufactured do

Nonagricultural products, total 9 do_

Furs and manufactures _ - doIron and steel prod. (excl. adv. mfs.) .doNonferrous ores, metals, etc.:

Bauxite, crude do _Aluminum semimfs (incl. calcined bauxite)

mil. $__Copper, crude and semimfs doTin including ore do

Paper base stocks : doNewsprint - doPetroleum and products do

Indexes

Exports (U.S. mdse., excl. military grant-aid):Quantity - - .1957-59=100Value doUnit value do

Imports for consumption, d*Quantity • doValue doUnit value - . do_ _

Shipping Weight and Value

Waterborne trade:Exports (incl. reexports):!

Shipping weight thoins. sh. tons__Value mil. $

General imports:Shipping weight thous. sh. tons__Value _ _ - _ mil. $

Airborne trade:Exports (incl. reexports) :

Shipping weight thous. sh. tonsValue mil. $_

General imports:Shipping weight thous. sh, tonsValue . _ _ _ mil. $

18,600.3

3, 444. 12, 034. 01, 812. 03, 988. 37, 321. 5

4, 104. 6

130.91, 200. 3

200.6458.4205 3

14, 495. 3

116.6819.9

125.8

199.0340.2111 7

405. 5752.5

1, 872. 4

143146102

13513399

171, 05517,003.6

233, 80813,437.0

163.31, 884. 6

64.3956.1

21, 281. 8

4, 092. 2

120.51, 060. 2

182.3444.7235.1

17, 195. 3

128.8

143.0

270.5302.2168.6

451.7789.6

2, 063. 3

144152

r!06

U53i 152199

171, 81016 927 1

255, 45414 934 6

228 72, 289. 4

96 11, 315. 9

1,822.5

369.0

9.283.724.038.627. 4

1, 451. 7

16.0

10.8

21.323.410.9

35.862.7

186.7

164174106

'16215898

15,0681, 712. 1

21, 7831, 373. 9

19.0189.1

6.998.4

1,718.8

338.8

13.877.313.347.317.6

1, 380. 8

11.2

11.6

24.422.113.0

34.464.9

144.3

155••163'106

14914799

15, 5981, 558. 0

19,9061, 207. 2

19.1193.7

6.2100.3

1, 878. 0

345.2

13.289.716.942.518.6

1,532.8

8.9

10.9

32.626.612.7

39.872.4

192.2

143152106

16516399

15, 7531,411.6

25, 5521, 368. 0

17.7182. 5

9.2103. 9

1,635.4

262.3

8.659.412.822.316. 9

1, 370. 6

7.6

13.7

25.123.010.5

34.964.4

147.4

141149

'106

14013999

16,3401, 447. 8

20, 5321,123.7

17.5180.3

7.5104.9

1,727.1

319.0

11.377.811.242.719.1

1, 409. 8

7.1

13.7

24.427.99.2

37.465.1

159.4

137146106

14814699

15, 6751, 342. 5

22, 0781, 224. 8

18.2189.6

6.895.1

1,795. 0

354.1

14.583.615.348.820.1

1, 440. 8

6.5

11.1

20.325.416.5

36.470.5

164.0

'139147105

15415399

14,9971, 346. 0

21, 2221,295.3

17.9173.1

8.194.0

2,003.9

411.2

8.9128.717.450.817.9

1, 592. 7

6.5

11.4

23.935.413.1

36.367.6

172. 0

158166105

171170100

17, 279L 562 9

••22,304'1 412 3

19 2202.0

8 3144.8

1, 952. 9

399.0

7.6125.917.241.018.4

1, 553. 9

4.9

12.7

22.624.318.1

41.267.2

150.1

159167105

168168100

16 3041 527 4

20,3811 351 6

22.6234.4

8.7123.9

2, 129. 8

428.6

7.4113.517.251.717.5

1, 701. 3

20.2

12.4

29.126.834 2

37.778.5

200. 2

'167175105

184184100

14 7331 617 3

24,2221 474 4

21 2231 9

11 7154 7

1 800 8

353 3

13 493 o9.4

16 723 7

1 447 5

14 7

12 4

15.516 014 6

31 568 799 6

v 156* 156p 100

12 4231 340 0

19 0101 264 0

18 9221 1

8 2112 0

1,806 2

371. 6

18.0102.518.328.821.1

1, 434. 6

15.7

9.3

27.018.16 3

33.563.6

178.2

*156v 156MOO

20 0220 5

7 3118 2

2 231 7

431 2

15 4118 215.236 327 9

1 800 5

20 3

13 6

32 525 77 4

42 175 6

215 4

J> 190P 192p 101

22 9226 4

9 4150 8

2 010 8

390 4

10.197 118.737.829 2

1, 620. 4

11 7

11 4

29.723 716 8

35.071 0

157.6

TRANSPORTATION AND COMMUNICATION

TRANSPORTATIONAir Carriers

Scheduled domestic trunk carriers:Financial operations (qtrly. total) :• Operating revenues total 9 mil. $

Transport, total 9 _ _ _ _ _ d oPassenger doProperty _ _ _ _ _ _ d oU.S. mail (excl. subsidy) do

Operating expenses (incl. depreciation) doNet income (after taxes) do

Operating results:Miles flown (revenue) milExpress and freight ton-miles flown doMail ton-miles flown doPassengers originated (revenue) doPassenger-miles flown (revenue) _ bil

Express Operations (qtrly.)

Transportation revenues __mil. $__Express privilege payments do

Local Transit Lines

Fares average cash rate centsPassengers carried (revenue) milOperating revenues (qtrly total) mil $

Motor Carriers (Intercity)

Carriers of property, class I (qtrly. total) :Number of reporting carriersOperating revenues total mil $Expenses, total doFreight carried (revenue) _ mil. tons__

2 8312,8052,527

18765

2,531136

822 1726 9184 761 941.9

412.4118 2

21 26 8541 408

2 1 0186 1765 890

366

3 3063, 2782,933

21874

2,886223

940.9921 6219.671 449.2

431. 4119.3

99 1r 6 785P 1 427

75 570 017 65 94.0

21 9r 594

78 074 s16 65 83.9

21 9577

8328267445318

70865

78 374 516 96 34.5

103.728 2

22 0564367

82 173 016 56 34.6

22 2520

83 677 617 26 84.9

22 2516

8858787885517

73979

79.786 717.76 14.2

106.731 1

22 2559

83 095 019 46 34.2

22 2591

78 885 219 95 93.8

22 3574

8548467476122

76249

84 599 929 46 34 5

119. 132 5

22 3605

84 975 919 86 34.4

22 3<479

78.079 420.25 84.0

22 3528

87 996 324 26 94*7

103.925.6

22 3607

P 3 5. 1

22 3579

p 3 4. 8

r Revised. *> Preliminary. J See note "d1" for this page. 2 Number of carriers filingcomplete reports for 1964. 3 AS compiled by Air Transport Assn. of America.

4 Reflects New York City 13-day transit strike.9 Includes data not shown separately.

cT Beginning Jan. 1965, indexes are based on general imports, instead of imports for con-sumption as formerly.

§Excludes "special category" shipments and all commodities exported under foreign-aidprograms as Department of Defense controlled cargo.




1964 | 1965

Annual

1965


1966


TRANSPORTATION AND COMMUNICATION—Continued

TRANSPORTATION— ContinuedMotor Carriers (Intercity)— Continued

Freight carried, volume indexes, class I and II(ATA):

Common and contract, carriers of property(qtrly ) average same period, 1957-59 ~~ 100

Common carriers of general freight, seas, adj.*1957-59=100-

Carriers of passengers, class I (qtrly.) :§Number of reporting carriers _Operating revenues total mil. $Expenses, total doPassengers carried (revenue) _ _ ... _mil

Class I RailroadsFreight carloadings (AAR):

Total cars _ _ _ _ -thous _Coal... _ _ _ _ d oCoke doForest products - ' __ _ _ _ doGrain and grain products. do

Livestock . '_ ._ _ _ _ _ _ d o _ _ _Ore doMerchandise, l.c.l do__ _Miscellaneous do__

Freight carloadings, seas. adj. indexes (Fed. R.) :Total 1957-59=100

Coal doCoke... _ _ _ . _ _- doForest products doGrain and grain products _ _ _ d o _ _ _ _Livestock do _Ore . _ _ •-_ - _ _ _ _ d oMerchandise, l.c.l do__ _Miscellaneous do

Financial operations (qtrly.) :Operating revenues total 9 mil- $

'Freight doPassenger do

Operating expenses doTax accruals and rents doNet railway operating income doNet income (after taxes) do

Operating results:Ton-miles of freight (net), revenue and nonrev-

enue (qtrly ) bilRevenue ton -miles* do

Revenue per ton-mile (qtrly. avg.)_ cents__Passengers (revenue) carried 1 mile (qtrly.) ._mil__

Waterway TrafficClearances, vessels in foreign trade:

Total U S ports mil net tonsForeign vessels doUnited States vessels do

Panama Canal:Total thous. Ig. tons

In United States vessels do..Travel

Hotels:Average sale per occupied room dollarsRooms occupied % of totalRestaurant sales index__.same mo. 1951=100__

Foreign travel:U S citizens' Arrivals thous

Departures doAliens* Arrivals do

Passports issued and renewed . doNational parks, visits doPullman Co. (qtrly.):

Passenger-miles (revenue) milPassenger revenues mil $

COMMUNICATION (QTRLY.)Telephone carriers:

Operating revenue^ 9 mil $Station revenues doTolls, message do

Operating expenses (before taxes) doNet operating income doPhones in service, end of period mil

Telegraph carriers:Domestic (wire-telegraph):

Operating revenues.. mil. $Operating expenses, incl. depreciation. ___do__ _Net operating revenues do

International.'^Operating revenues doOperating expenses incl depreciation doNet operating revenues _ _ _ _ _ _ _ _ _.do_—

137.6

131.9

1158656. 5570.9506.9

29,0275,530

4231, 9602,625

1532, 005

63915,693

9695

1131009649972798

9,7788,384

576

813698

670.3659.31.282

18,248

202. 2166.935.3

74,21010,750

9.5361

111

2,913' 2, 841

1,890r 1, 653

1,13333, 976

2,21837.76

10,9385,9223,8276, 496

31,92477.4

299.4264.221.1

107.4«83.08 17. 6

150.9

144.3

29, 5545,679

4402,0032.657

1251,962

46516,222

9797

10010397409520

100

10, 2088,836

553

963

709. 3697.71.266

17,389

208. 5174. 633.9

78.9279,080

9.7162

112

' 3, 351r 3, 341••2,093' 1, 819

1,33036. 509

2,01434.55

11,7506,2724,1887,0762,09181.5

305.6267.4

23.8

112.287.021.0

143.6

2, 26842437

152187

814139

1,280

9999

1081039736

13621

100

17.814.83.0

6,998884

9.9665

110

231278160134175

1,453

142.1

2,41545635

159180

820639

1,332

10110410710598369522

104

18.615.43.2

6,631738

9.3665

123

284296171159168

2,393

151.4

143.8

147150.8127.253.3

2,37645535

151211

522537

1,257

9498

109959531872097

2,5822,240

1391,963

361258213

180. 2178. 21 2584,333

18.615.72.9

6,467835

10.0363

115

308398182165175

5,074

4738.05

2,8961 5471,0281,751

51979.2

77.367 65.6

28.822.15.3

141.5

22,7682427243

21892276

2 62290

2442 1, 493

9598

1221038233902099

19.016.32.8

6,855496

9.1057

112

350433226182131

8,578

141. 6

2,38147935

161221

722234

1, 221

9410111799

10134861896

18.615.62.9

6,809628

9.9965

106

504365230213105

8,346

148.8

143. 1

147188. 1142.659.4

2, 29244831

158200

1119233

1,220

949595

10210235811796

2,5752,215

1561, 965

360250205

178. 7175 61 2615,151

18.415. 43.0

6,035716

10.1566

116

34826525118480

3,631

5569.38

2,9641,5731,0641,765

53880.4

77.368.65.3

27 021.25.0

144.3

23,1082610236

22002284

2262228241

21,683

939782

1029941831795

19.516.03.5

7,065767

10.4470

112

25822418918859

2,534

~~

151.7

2,347472

29160238

1612931

1,273

9810080

10610750

1131799

18.815. 73.1

7, 090973

10.4160

109

22619515413459

1,219

148.9

153.8

2,189465

29156211

107329

1,217

1029883

11211445

11718

105

2,6682,316

132

292

185.2181.91.2734,084

16.814.12,7

6,442789

9.0849

115

20022115515259

817

4588.04

3,0561 6201, 1081,873

53081.5

77.365.79 0

29.222.46.0

154.5

2,10343432

147234

76527

1,158

999492

10311534

11216

102

452.9

7, 123780

9.6460

106

84741

154. 6

2,09641334

150225

66726

1,174

979294

10111036

10314

101

453.0

6,340762

9.8362

118

104762

157. 1

22,7902542

24421982273

282103233

2 1, 591

1009994

10510933

10914

103

2,5182,207

122

213

2 4 70. 4

7,193895

9.4165

123

1761,075

4748.15

3,1041,6371,1241,849

55682.7

76. 866,95.3

28.921.76.2

154.7

2, 22932935

161209

715526

1,307

9775

10110710832

14914

101

455.8

6, 849821

10.2666

117

1871,766

2, 43446436

163206

7226

241,308

10010510810711132

10513

101

460.1

6,847798

9.7367

127

2002,630

_;

r Revised. 1 Number of carriers filing complete reports for 1964.2 Data cover 5 weeks; other periods, 4 weeks. 3 Revised total; quarterly revisions are

not available. * Preliminary estimate by Association of American Railroads.*New series. The monthly motor carrier index (ATA) is based on a sample of carriers

that represents approximately one-third of the class I and II common carriers of generalfreight; monthly data back to 1955 are available. Railroad revenue ton-miles are compiledby Interstate Commerce Commission,

§Effective 1st qtr. 1965, carriers reporting both intercity and local and suburban schedulesare classified as intercity if intercity revenues equal or exceed 50 percent of revenues fromboth operations.

9 Includes data not shown separately.cf Radio-telegraph and cable carriers.


June 1966 SURVEY OF CUREENT BUSINESS S-25


1964 1965

Annual

1965

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

1966


CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic chemicals, production:Acetylene - - mil. cu. ft__Ammonia, synthetic anhydrous (commercial)

thous. sh. tons__Carbon dioxide liquid, gas, and solid- do__ _Chlorine, gas (100% Cl2) - -do __Hydrochloric acid (100% HC1) do__Nitric acid (100% HNOs) -_ - -do _Oxygen (high purity) -_- mil. cu. ft _Phosphoric acid (100% P2O5)— -thous. sh. tons___Sodium carbonate (soda ash), synthetic (58%

Na2O) -_ _- thous. sh. tons.Sodium bichromate and chromate. __ __doSodium hydroxide (100% NaOH) _ _ . . - _ _ _._do _ _Sodium silicate (soluble silicate glass), anhydrous

thous. sh. tons__Sodium sulfates (anhydrous, refined; Glauber's

salt* crude saltcake) __ - _ thous. sh. tonsSulfuric acid (100% HsSO4) --do

Organic chemicals, production :cfAcetic anhydride _ _ _ mil. IbAcetylsalicylic acid (aspirin)- _ do__ _Creosote oil mil. gal

DDT 'mil. Ib—Ethyl acetate (85%) doFormaldehyde (37% HCHO) _ _ do. _Glycerin, refined, all grades:

Production doStocks, end of period _ do

Methanol, synthetic and natural.. mil. gal_.Phthalic anhydride mil Ib

ALCOHOL

Ethyl alcohol and spirits:Production _ _ _ _ _ _ _mil. tax gal--Stocks, end of period - - - do_ _Use for denaturation _do__Taxable withdrawals do

Denatured alcohol:Production - _mil. wine gal__Consumption (withdrawals) do_Stocks, end of period _ _ do

FERTILIZERS

Exports, total 9 thous. sh. tonsNitrogenous materials - doPhosphate materials do__ _Potash materials do

Imports, total semimanufactures 9 _ _ _ d o _ _ _Ammonium nitrate doAmmonium sulfate _ _ _ _ _ do-Potassium chloride doSodium nitrate - _ do

Potash deliveries (K^O) doSuperphosphate and other phosphatic fertilizers

(100%P205):Production. __ _ _ thous. sh. tonsStocks, end of period _ __do

MISCELLANEOUS PRODUCTS

Explosives (industrial), shipments, quarterly:Black blasting powder _ mil. IbHigh explosives. - _ _ _ _ do,

Paints, varnish, and lacquer, factory shipments:Total shipments mil $

Trade products doIndustrial finishes do

Sulfur, native (Frasch) and recovered:Production thous. Ig. tons__Stocks (producers') end of period do

PLASTICS AND RESIN MATERIALS

Production:Cellulose plastic materials mil IbThermosetting resins:

Alkyd resins __ doCoumarone-indene and petroleum polymer

resins mil IbPolyester resins doPhenolic and other tar acid resins doUrea and melamine resins do

Thermoplastic resins:Styrene-type plastic materials (polystyrene)

mil. lb-Vinyl resins (resin content basis) doPolyethylene _ _ _ _ _ _ do

15, 964

7, 634. 31, 119. 65,945.21,264.24, 732. 5153,3873,283.0

4,947.9137.9

16,389.0

564.6

1,315.622, 923. 5

11,399.2128.2

U13.3

1 123. 71117.7

J2, 839.9

320.127.6

1 397. 7i 555. 5

684.5192.9551.068.0

296.8296.6

3.4

9,578799

7,1451,026

2,799200176

1, 195363

3,088

3,465431

.91, 281. 6

2, 002. 21, 173. 4

828. 8

6,2504,227

1161.3

i 593. 6

1354.3i 316. 6i 832. 5i 570. 3

11,728.9i 2,066.8i 2,613.4

16, 548

8,607.41,173.86. 438. 91,310.04,860.0182, 4043, 845. 1

4,931.0138. 2

6, 723. 5

589.8

1.392.424,822.0

1,533.929.0

2 108. 4

144.6107.3

3,085.5

353.224.7

433.3579.1

710. 1200.5586.269.0

315.9315. 2

5.4

310.8103 1. 1963 8, 1043 1,053

177181

1,780398

3,342

3,831469

.81, 459. 4

2,169.31, 246. 7

922.6

7,3043, 425

169.6

585. 6

324.9388.0919.9595.8

2,002.52,282.03,047.4

1,425

717.694.3

533.0106.2415.1

15, 603324. 0

415.911.2

557.8

46.8

112.42, 101. 2

117.0' 2,410.0

12.88.1

256. 7

25.127.636.248.6

54.0187.052.25.6

28.026.86.0

1, 07712582668

1728

20472

459

353224

191. 9110. 381.6

5944,156

14.2

51.1

28.734.576.444.2

165.4190.8237.8

1,420

721.5107.7544. 7107.4351.5

15, 314338.1

406.812.4

569.4

46.6

119.62,116.3

116. 52.3

10. 4

13.710.1

250.3

31.430. 137.551.3

58.9190.450.85.3

27.227.55.8

83510765057

1711

13332

301

343220

201. 8121.979.9

6254,096

14.4

50.0

26.133.771.846.9

167.8181.6256. 9

1,401

707.9111.7524. 5106.2291.4

15, 057350. 9

398.511.6

549.7

45.7

105.32, Oil. 0

134. 01.99.3

13.48.7

263.0

31.625.537.346.3

55.5190.950.56.1

27.127.95.1

1,02678

82877

128

7142

116

305348

. 2387.1

216.9129.687.3

6114,002

15.8

54.5

25.435.572.948.2

168.9181.4256.4

1,385

698.2114. 2540. 0105. 8350.2

15, 064306.9

411. 89.5

572.0

45.4

108. 12, 001. 6

128.42.3

10.7

13.28.7

253.2

25.728.637.349.1

56.9191.151. 04.9

27.427.05.6

1,005126703116

16107626

199

275450

200. 6124.376.3

6273,881

11.8

47.7

28.732.166.940.0

150. 4169.9254. 3

1, 358

707.4112.6535.2102.9386.7

15, 571330.3

409.210.6

558. 4

50.3

122.02,120:9

128.02.39.0

13.58.7

252.3

30.328.236.048.1

54.9196.345.45.3

24.324.75.2

1,03997

803101

196

19122

357

304459

195. 7122.073.7

6283,825

12. 6

51.6

26.632.176.146.3

168.2185. 9262.3

1,139

701.4104.2517. 2108.9400. 714,426313.7

398.512.0

530. 1

50.8

123.12, 088. 8

156.52.68.7

11.313.2

274.1

27.929.834.147. 7

60.6196. 946.16.1

24.825.24.7

935157624120

1414

17917

234

302411

2396.3

188. 0112.675.4

5313,670

15.6

51.8

27.431.684.355.8

179.2197.5264. 7

1,399

737. 697.5

559.6116. 8448.6

15,409343.6

414.611.8

580.6

55.2

125.92, 175. 8

134.43.07. 9

9.610.9

252.8

33.732.635.147.5

74.0197.846.96.7

25.324.65.5

1,119151805129

147

2278

307

338425

178.199.778.4

6453,710

21. 4

49.1

28.330.386.160.0

171.7206.6278.8

1,380

762.187.9

542.0113.4441.0

14, 753333.5

422.711.7

563.0

52.3

121.32,060.8

128.82.68. 1

10.09.9

263.4

30.528.436. 147.1

62. 7200.345.87.5

26.327.24.4

94413567497

2110

13650

208

334463

167.990.577.4

6213,611

14.0

43.6

26.534.382.958.4

172.0203. 2267.6

1,523

816.688.5

583.2120.6465.7

15,543343. 3

431.312.2

604.1

49.6

120.32,211.7

139.82.67.9

13. 97.8

290.5

28.324.742.153.1

62.3200.5

47.65.2

25.625.55.4

89510666696

1510

18347

250

348469

.2396.8

146.873.473.4

6373,425

13.5

45.0

27.136.784.862.2

180. 7218.7282.2

1,411

846.684. 4

561.5119.5471.0

16,603361.1

411.612.4

584.5

38. 7

128.12, 168. 0

123. 12.77.5

13.46.4

278.4

28.830.339.455.0

54.8208.4

50.64.9

27.229.23.4

1,06026572558

918

18118

335

349505

164.685. 379. 3

6703,346

13.1

47.7

25.035.780.652.6

179.0215.7279.9

'1,278

' 832. 9'87.0' 517. 1' 110. 1' 437. 4

••16,065' 352. 7

386.411.4

••573.4

'44.7

111.6'2,091.5

130.62.77.6

12.38.0

269.9

28.628.636.049. 0

49. 5211.946.45. 1

24.924.34.0

1, 27230185282

1119

13917

238

363' 548

165. 187.377.8

6113,281

14. 5

'48.8

'25.7'36.3'80.1

52. 7

177.4' 214. 7260.1

1,533

918.480.8

593.5126.3449.6

18, 274373.4

439. 312.6

680.3

65.4

129.42, 260. 2

135.23.1

10.5

12.08.3

309.7

'29.830.0' 39. 6

57.3

54.6211.552.06.5

28.028.13.8

1,15027274747

1526

29044

401396

.2371.4

6733,213

17.0

59.0

28.040.587. 856. 3

191. 5221. 6291.1

129.02.88.6

14.211.9

290. 1

30.111.7

'39.154.9

1,00210378674

2020

28438

15. 9

55.9

29.238.583. 853.1

197.7221.4274.6

' Revised. i Revised annual total; revisions are not distributed to the monthly data.2 Beginning Jan. 1965, data exclude creosote in coal-tar solutions (formerly included); these

averaged 927,000gallons per month in 1964. 3 gee note "Q" for p. S-21

cfData are reported on the basis of 100 percent content of the specified material unlessotherwise indicated. 9 Includes data not shown separately.




1964 1965

Annual

1965

Apr. May

ELECTRIC

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

1966


POWER AND GAS

ELECTRIC POWER

Production (utility and industrial), total Jmil. kw.-hr__

Electric utilities, total _ _ _ doBy fuels _ _ _ _• - - do.By waterpower do

Privately and municipally owned util do _Other producers (publicly owned).. do

Industrial establishments, total. do. _By fuels doBy waterpower _ do

Sales to ultimate customers, total (EEI) _doCommercial and industrial:

Small light and power§ __do_ _Large light and power § do

Railways and railroads . _. do. _Residential or domestic _ __doStreet and highway lighting _ doOther public authorities .__ -doInterdepartmental _ _ . __do_ _

Revenue from sales to ultimate customers (EdisonElectric Institute) mil. $

GAS

Manufactured and mixed gas:Customers, end of period, total 9 thous..

Residential doIndustrial and commercial _ _ do

Sales to consumers, total 9 mil. thermsResidential ___ _ do _Industrial and commercial- _ _ d o _ _

Revenue from sales to consumers, total 9 -mil. $__Residential _ _ _ _ _ do _Industrial and commercial do

Natural gas:Customers, end of period, total 9 thous

Residential _ _ _ _ _ d oIndustrial and commercial do.

Sales to consumers, total 9 _ mil. thermsResidential doIndustrial and commercial do

Revenue from sales to consumers, total 9 —mil. $__Residential doIndustrial and commercial do

1,083,741

983, 990806, 917177, 073

806, 446177, 544

99, 75196, 5233,228

890, 356

183, 539409, 356

4, 721262, 010

8,29020, 6511,789

14,408.5

798745

52

1,541976552

165.2117.346. 9

36, 29833, 3502,908

114,34037, 69971, 293

6, 960. 23, 772. 32, 998. 1

1,156,929

1,054,790861,342193, 448

855, 632199, 158

102, 13998, 9883,151

953,441

202,128433, 342

4, 653280, 999

8,78321, 6751,859

15, 158. 8

69865542

1, 370818544

129.786.742.4

37, 13034, 1012,987

117, 90038, 76475, 434

7, 231. 73, 911. 63, 195. 9

90, 336

81, 85264, 99716, 856

67,03614, 816

8, 4848,173

311

76, 693

15,17035, 677

39322, 882

6601,771

140

1, 215. 6

93, 320

84, 74568, 13416, 610

68, 95915, 786

8,5758,257

319

75, 598

15, 51736, 336

36520,808

6551,768

149

1, 205. 1

96, 142

87, 76172, 02315, 738 ,

71, 91615, 845

8,3818,126

255

78, 238

17, 57136, 641

35721,046

6311,822

170

U243.2

70366042

300171126

29.119.19.7

36, 30833, 3962,872

27, 8058,529

18, 181

1, 676. 5884.9753.6

101, 631

93, 10277, 17815, 924

76,06217,040

8,5308,298

232

80, 576

18, 74535, 851

35723, 023

6441,775

181

1, 287. 0

103, 858

95, 24079, 57115, 670

77, 92517, 316

8,6178,407

211

83, 922

19, 53637, 269

35324,100

6751,797

192

1, 325. 8

97,081

88,87773, 87515, 002

69, Oil19, 866

8,2048,001

203

83, 712

19, 02137,183

35324, 474

7221,791

167

1,332.2

69064941

16867

100

16.59.07.4

36, 29033, 4142,836

21, 8203,351

17, 216

1, 126. 9448.8640.1

95, 722

86, 98571, 67515,310

70, 99815, 987

8,7378, 497

240

80,488

17,77036, 824

36722, 759

7731,825

169

1, 284. 0

95, 299

86, 72371, 26015, 463

70, 60616, 117

8,5768,323

252

78, 551

16, 60336,707

38122, 075

8161,811

158

1, 242. 2

102, 182

93, 48076, 96316, 517

75, 69917,781

8,7028,438

263

81,969

16, 69937,043

40824, 866

8631,971

120

1, 288. 4

69865542

349213132

32.722.110.4

37, 13034, 1012,987

29, 4769,307

18, 815

1 803.8957.8797.8

105,254

96, 46879, 89616, 571

77,84418,624

8,7868,520

266

84, 755

17, 00536, 836

40127, 589

8661,923

135

1, 326. 4

94, 962

86, 86571, 57715, 288

70, 17216, 692

8,0977,835

262

84, 418

16, 98836, 183

40627, 961

7971,944

125

1, 324. 6

101, 899

93, 05774, 89018, 167

75, 35417, 703

8,8418,527

315

84, 035

17, 03437, 711

41026, 024

7761,928

151

1, 304. 7

96, 667

88, 07971,75916, 321

71, 69416, 385

8,5878,269

318

FOOD AND KINDRED PRODUCTS; TOBACCO

ALCOHOLIC BEVERAGESBeer:

Production _ _ mil. bblTaxable withdrawals doStocks, end of period _ _ _ do

Distilled spirits (total) :Production .mil. tax gal__Consumption, apparent, for beverage purposes

mil. wine gal__Taxable withdrawals mil. tax galStocks, end of period doImports mil. proof gal--

Whisky:Production mil. tax gal. _Taxable withdrawals doStocks, end of period __doImports mil proof gal

Rectified spirits and wines, production, totalmil. proof gal__

Whisky doWines and distilling materials:

Effervescent wines:Production _ mil wine galTaxable withdrawals doStocks, end of period doImports • do

Still wines:Production... ._ doTaxable withdrawals. _ _ _ doStocks, end of period doImports... _ do

Distilling materials produced at wineries. _ _ dor Revised.{Monthly revisions for 1964 appear on p. 44 of the

all periods shown here include Alaska and Hawaii.

105. 9098.649.99

162. 94

275. 86133. 17862. 4250.60

112. 8789.44

832. 1840.81

92.2465.60

5.825.352.661.19

193. 28164. 72231. 2414.54

369.35

June 1966

108. 21100. 4110.30

185. 06

292. 99138. 52872. 9058.04

126. 8890.06

835. 8551. 10

94.0064.80

7.296.253.101.45

232. 26167. 25262. 2814.91

468. 58

SURVEY;

9.228.43

12.08

15.72

22.6310.95

870. 394.66

11.506.84

840. 214.10

7.425.06

.54

.413.47.10

3.7314.20

179. 741. 35

2.39

produc

10.059.24

12.24

14.44

22.4911.30

871.053.96

10.056.92

840. 973.43

7.244.88

.57

.443.56.12

3.2512.22

170. 521.27

3.79

,ion data

11.2110.2112.50

14.01

24.0711.95

870. 654.58

9.086.94

841. 103.93

8.105.46

.66

.513.62.10

2.5313.59

157. 011.27

3.42

for

10.429.85

12. 38

8.32

22.189.85

866. 203.41

3.765.65

836. 603.00

6.314.38

.32

.313.60.07

1.489.91

146. 16.86

3.42

§Daclassif

9Ii

9.669.61

11.68

13.04

21.7610.65

865. 424.33

9.366.62

836. 203.82

7.545.09

.52

.413.66.08

3.9213.57

137. 141.01

17.60

ta are nication ticludes d

9.088.49

11.58

15. 84

24.0211.84

865. 735.26

10.917.94

836. 224.68

8.265.78

.52

.583.54.09

49.8015.33

171. 611.19

128. 60

ot whollD anotheilata not s

7.817.50

11.28

19.11

26.6216.26

865. 316.31

11.8511.12

833. 245.64

10.968.11

.59

.733.31.20

112. 9015.85

266. 871.37

200. 11

y compa

hown se

7.717.60

10.83

20.02

30.8615. 05

865. 827.31

13.1610.47

832. 116.53

10.847.82

.77

.913.14.21

35.7216.25

279. 141.82

66.74

rable on

parately.

8.138.03

10.30

19.65

36.1510.06

872. 906.73

12.926.58

835. 855.95

6.974.50

.93

.863.10.22

9.5015.05

262. 282.01

29.91

a year

7.766.69

10.88

17.32

19. 159.40

877. 943.34

13.286.20

840. 162.94

6.403.93

.76

.403.40.11

7.3712.00

254. 721.51

11.33

to year I

7.396.66

11.07

17.02

20.5910.58

881. 603.83

12.497.50

842. 553.31

6.984.83

.79

.353.78.11

2.5812. 42

239. 59.95

4.50

asis bees

10.318.73

11.83

19.82

25.7512.07

886. 205.14

15.067.87

846. 874.49

8.505.81

.88

.484.14.12

2.5917. 62'

225. 261.38

2.82

wise of c

98.28.54

12.34

4.52

4.00

.10

1.16

hanges from one


June 1966 SUKVEY OF CUEEENT BUSINESS S-27


1964 1965

Annual

1965


1966


FOOD AND KINDRED PRODUCTS; TOBACCO—Continued

DAIRY PRODUCTS

Butter, creamery:Production (factory) __ _ mil. lb_Stocks, cold storage, end of period _ doPrice, wholesale, 92-score (N.Y.) $perlb__

Cheese:Production (factory) total mil Ib

American, whole milk do_ _

Stocks, cold storage, end of period doAmerican, whole milk do.

Imports doPrice, wholesale, American, single daisies (Chi-

cago) $ per lb__Condensed and evaporated milk:

Production, case goods:Condensed (sweetened) mil. lb__Evaporated (unsweetened) do

Stocks, manufacturers', case goods, end of period:Condensed (sweetened) mil. IbEvaporated (unsweetened) do

Exports:Condensed (sweetened) doEvaporated (unsweetened) do

Price, manufacturers' average selling:Evaporated (unsweetened) $ per case..

Fluid milk:Production on farms _ _ _ _ _ _ mil. IbUtilization in mfd. dairy products. do ...Price, wholesale, U.S. average _$ per 100 lb__

Dry milk:Production:

Dry whole milk mil. IbNonfat dry milk (human food) _ . _ do

Stocks, manufacturers', end of period:Dry whole milk doNonfat dry milk (human food) .. do

Exports:Dry whole milk doNonfat dry milk (human food) _ _ _ do

Price, manufacturers' average selling, nonfat drymilk (human food) $ per lb__

GRAIN AND GRAIN PRODUCTS

Exports (barley, corn, oats rye, wheat) mil bu

Barley:Production (crop estimate) doStocks (domestic), end of period do

On farms doOff farms _ do

Exports, including malt § _ _ _ _ _ doPrices, wholesale (Minneapolis):

No. 2, malting $ per bu__No. 3, straight do

Corn:Production (crop estimate, grain only) mil buGrindings, wet process do. _

Stocks (domestic), end of period, total. _mil. bu._On farms doOff farms do

Exports, including meal and flour doPrices, wholesale:

No. 3, yellow (Chicago) .__$ per bu__Weighted avg., 5 markets, all grades. do

Oats:Production (crop estimate) mil. buStocks (domestic), end of period total do

On farms __ _ doOff farms do

Exports, including oatmeal doPrice, wholesale, No. 2, white (Chicago)

$ per bu__

Rice:Production (crop estimate) mil bags 9California mills:

Receipts, domestic, rough mil IbShipments from mills, milled rice doStocks, rough and cleaned (cleaned basis), end

of period mil IbSouthern States mills (Ark., La., Tenn., Tex.):

Receipts, rough, from producers mil. lb__Shipments from mills, milled rice doStocks, domestic, rough and cleaned (cleaned

basis), end of period mil. lb__Exports... doPrice, wholesale, Nato, No. 2 (N.O.) $ per lb__

Rye:Production (crop estimate) mil buStocks (domestic), end of period doPrice, wholesale, No. 2 (Minneapolis) _.$ per bu__r Revised. * Preliminary. 1 See note "O" f

year. 3 old crop only; new crop not reported unbarley, oats, rye, and wheat; Oct. for corn).

1, 442. 466.5.599

1, 726. 51, 157. 4

326. 0283.678.0

.434

94.61, 888. 1

6.9185.3

62.837.3

5.99

127, 00062, 883'4.17

87.62, 176. 8

7.0108.8

13.9838.6

.146

1, 385. 8

2 402. 9309.9190. 1119.974.4

1.211.13

2 3, 584193.6

3,9562,8181, 137481. 6

1.231.23

288071062288

4.6

.70

2 73. 1

1,5231,025

185

5,5753,665

1,6702,933.086

233.321.31.28

or p. S-2til beginn

1, 337. 152.1.610

1,743.21, 155. 3

308.6271.079.3

.450

97.01, 690. 5

5.9134.8

165.3124.7

6.09

125. 06160, 577••4.26

84.81, 999. 0

5.058.2

120.0i 438. 4

.147

11,385.4

2 411. 9311.5195.2116.3165.9

1.331.27

24,171204.9

4.0993,142'9.56

i 598. 9

1.281.25

2959783680103

124.3

•74

276.9

1.4911,033

207

5,7114,020

1,641i 3. 049

.083

233.328.81.15

1. 2 orng of ne-fl

140.2132.1.595

162.1110.8

310.9271.6

8.0

.441

10.1149.4

7.0113.6

7.01.4

6.09

11, 3055,942'4.03

8.5217.3

8.8122.7

1.851.0

.145

114.8

.3.7

1.331.23

16.8

42.1

1.331.31

(4)

.77

158151

150

102341

945161

.084

146.4165.8.598

179.3129.2

342. 1299.3

7.0

.439

9.4183. 7

7.7165.9

6.31.7

6.07

12,2066,435'3.90

7.6244.6

7.7154.0

2.730.3

.145

120. 4

7.8

1.391.32

17.3

46.3

1.361.31

.5

.77

125134

91

62275

718392

.084

135.8207.9.599

179.8128.8

378.7333. 2

6.3

.439

5.4180.8

7.9199.0

3.52.0

6.07

11, 7426,354'3.87

7.7224.9

7.8154.2

1.244.4

.145

127.3

3101.8340.73 61. 1

9.3

1.39.1.27

17.1

1 9341,283

65057.5

1.341.28

32833220

3 63

.7

.74

8245

98

66M22

374247

.084

3 19 Q

1. 14 1. 16 1. il

op estimate for theT crop year (July for

106.6219. 5.602

161.3113.0

402.0354.7

4.2

.439

9.1159.2

9.1224.9

4.42.7

6.07

10, 8565,554'4.03

5.6169.8

7.6136.4

1.153.0

.146

127.5

5.2

1.341.23

16.8

51.6

1.331.26

2.3

.72

7976

70

238220

334322

.084

85.9192.5.620

142.596.7

415.0364.3

4.2

.441

8.5152. 7

8.5235.6

6.92.4

6.08

10, 0464,800'4.20

4.7131.2

6.8109.8

3.163.3

.147

120.3

5.0

1.281.26

' 18.5

48.8-

1.281.21

2.9

.72

6528

87

907244

70997

.082

74.6161.1.627

127.982.1

386. 6340.6

5.3

.449

5.6136.0

7.3228.2

2.62.3

6.11

9,4044,055'4.43

5.4100.6

6.074.0

1.169.2

.148

124. 3

400.7257.2143.5

6.8

1.271.25

17.3

31,17036043 56643.3

1.281.23

944806139

4.3

.71

5946

72

1,547385

1,356151

.082

afi n

78.8124.8.636

126.877.3

351.9310.5

6.4

.457

7.5123.0

7.5200.6

5.52.5

6.13

9,4463,866'4.56

6.2102.0

4.965.4

1.864.6

.148

134. 8

8.5

1.311.28

17.9

52.9

1.191.19

5.6

.70

17337

122

1,403442

1,859245

.080

78.283.0.641

119.470.0

335.3297.2

9.3

.470

9.0110. 1

7.5166.4

3.01.8

6.11

9,1063,722'4.64

7.3105.2

4.359.2

1.821.5

.149

144.2

8.3

1.381.36

17.4

73.6

1.141.14

6.9

.72

11277

180

482408

1,787440

.082

90.352.1.646

130.076.1

308. 6271.0

11.4

.490

10.5119.5

5.9134.8

10.02.7

6.12

9, 5564,070'4.62

7.6130.7

5.058.2

1.214.0

.150

132.4

311.5195.2116. 3

5.1

1.341.33

15.8

4,0993,142'95666.7

1.211.19

783680103

1.1

.77

13385

207

337400

1,641292

.082

9.R 8

100. 233.7.601

131.880.9

301.1262.9

11.4

.492

9.5117.0

5.2103.2

8.72.1

6.14

9,8654,3624.54

8.4129.8

5.059.6

1.216.9

.151

112.0

4.2

1.371.35

16.0

48.9

1.291.27

.3

.78

121137

158

332360

1,527335

.082

92.526.6.627

127.778.6

277.6238.3

7.2

.501

9.2119. 4

5.461.9

2.02.2

6.33

9, 2544, 215

4. 55

7.3124.0

6.253.8

.1.76.4

.152

127.9

6.3

1. 401.38

15.2

51.5

1.291.24

.6

.78

8049

162

195316

1,350207

.082

1. 16 1.13 1.15 1.17 1.13 1.18 1.25 1.224 Less than 50, 000 bu. 5 Beginning June 1965, data include ship§ Excludes oearl barley.9 Bags of 100 Ib.

103.225.5.643

157.6100.3

270.7230.411.1

.524

9.2148. 9

6.640.2

9.73.1

6.46

10, 6455,0354.54

6.8144.8

5.947. 5

2.016.2

.156

161.3

199.3105 493 94.5

1.361.35

18.0

2,8992,160

74065.7

1.251.22

54846187

.8

.77

126105

143

133291

1,170233

.083

24.71.16

>ments tc

107.5'34.3

.632

164. 6112.7

'296.9' 252. 9

7.8

.507

9.3166.0

5.873.6

4.73.4

6.55

10,8745,2894.45

8.2170.5

6.778.1

1.028.8

.169

160.6

7.9

1.321.29

17.0

64.6

1. 281.24

3.4

.75

9559

191

108253

1,002205

p. 083

1.17

> Gov't. a

53.4.641

314. 8268.9

.500

11, 707

4.33

1.331.30

16.8

1.281.26

.74

1.14

igencies.


S-28 SURVEY OF CUKKENT BUSINESS June 1966


1964 1965

Annual

1965


1966



GRAIN AND GRAIN PRODUCTS— Con.

Wheat:Production (crop estimate), total mil. bu__

Spring wheat doWinter wheat do

Distribution do

Stocks (domestic), end of period, total doOn farms doOff farms do

Exports total, including flour doWheat only do

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

$ per bu__No. 2, hd. and dk. hd. winter (Kans. City)_doWeighted avg., 6 markets, all grades do

Wheat flour:Production:

Flour thous sacks (100 Ib )Operations, percent of capacityOffal thous sh tons

Grindings of wheat thous buStocks held by mills, end of period

thous. sacks (100 Ib.)--Exports doPrices, wholesale:

Spring, standard patent (Minneapolis)$per!001b__

Winter hard 95% patent (Kans City) do

LIVESTOCK

Cattle and calves:Slaughter (federally inspected) :

Calves thous animalsCattle do

Receipts at 26 public markets doShipments, feeder, to 8 corn-belt States doPrices, wholesale:

Beef steers (Chicago) $ per 100 lb__Steers, stocker and feeder (Kansas City)__do ..Calves, vealers (Natl. Stockyards, 111.) _ _ d o _ _ _ _

Hogs:Slaughter (federally inspected) ___thous. animals. _Receipts at 26 public markets _ doPrices:

Wholesale, average, all grades (Chicago)$per!001b__

Hog- corn price ratio (bu. of corn equal in valueto 100 Ib. live hog)

Sheep and lambs:Slaughter (federally inspected) __ -thous. animals. _Receipts at 26 public markets doShipments, feeder, to 8 corn-belt States doPrices, wholesale:

Lambs, average (Chicago) _ SperlOOlb

MEATS AND LARD

Total meats:Production (carcass weight, leaf lard in) , inspected

slaughter mil IbStocks (excluding lard), cold storage, end of

period _ __ __ _ _ mil. IbExports (meat and meat preparations) doImports (meat and meat preparations) do

Beef and veal:Production, inspected slaughter doStocks, cold storage, end of period... _ _doExports doImports doPrice, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs.) (New Y o r k ) _ _ _ _ _ _ _ _ _ _ _ _ _ $ per lb__Lamb and mutton:

Production, inspected slaughter mil IbStocks, cold storage, end of period do

Pork (including lard), production, inspectedslaughter mil Ib

Pork (excluding lard):Production, inspected slaughter doStocks, cold storage, end of period __doExports doImports doPrices, wholesale:

Hams smoked composite $ per IbFresh loins, 8-12 Ib. average (New York) . -do.

Lard:Production, inspected slaughter mil IbStocks, dry and cold storage, end of period— doExports doPrinp. whnlpsalp rpfinpri fnhinaorA <fc npr 1V>

1 1, 2911266

i 1, 0251,458

1, 449390

1,060

819.5746.2

2.061.861.92

265, 62193.5

4, 941602, 209

5,06831, 475

5. 6525. 390

4,82025,13314, 7797,096

22.8619.7926.21

71, 667- 19,114

14.89

13.2

12, 9474,4362,547

21.93

29, 676

702665

1,088

15, 653328

57841

.398

62413

13,399

10, 445284133210

.458

.443

2,15312768213R

* 1, 3271303

i 1, 0241,438

1,339408931

3694.03 646. 3

1.831.581.70

254, 58490.9

4,693575,874

4,3143 20, 464

5.7845.464

5,07626, 61413, 9947,230

25. 8122.5027.17

63, 70815, 386

20.98

18.1

11, 7103,4502,157

24. 29

28,336

4843537

1,012

15, 995269345718

.433

57612

11,766

9,330152353262

.542

.532

1,77262

3251i «

,

68.862.3

1.811.541.67

20,12883.3373

45, 511

2,792

5.5855.280

4112,021

911354

25.0122.0429.50

5,8021,274

17.26

'14.0

989199136

23.25

2,352

6754472

1,235235

439

.418

4911

1,067

849335

528

.485

.453

15914738

1KR

65.462.6

1.811.521.65

19, 65689.5364

44, 331

1,195

5.5735.260

3402,043

995359

26.4022.6827.00

4,7191,199

19.86

16.0

918229115

26.50

2,165

6104487

1,239216

262

.446

4511

881

692292

319

.498

.512'

13810720

iAn

32828182 1332 685

59.756.1

1.811.461.61

23, 50097.1433

53, 188

4,8461,554

5.7405.360

3782,2191,152

328

27.4423.8827.50

4, 7171,260

22.26

18.1

966294136

26.00

2,288

4933781

1,330182

254

.462

4510

894

698224

422

.531

.587

1449814

144

68.264.9

1.861.501.64

18, 68980.9346

42, 328

1,403

6.0135.653

3872, 2381,045

338

26.7123.2225. 50

4,4301,090

23. 09

18.9

976278113

24.75

2,194

4423793

1,323177

266

.446

4610

824

656176

321

.563

.571

1228229

ifii

63.658.3

1.791.591.70

22, 16991.6408

50, 275

2, 277

5.9385.610

4282,3371,254

533

27.0122.9723.50

4,7501,166

23.88

20.2

973334191

23.75

2, 283

3994598

1,370186

287

.450

4610

867

699135

421

.572

.564

1226913

1K1

436

1, 708563

1 146

69.464.2

1.841.611.76

23,307101.8

43152,838

4,1362,250

5.8755.577

4782, 4061,304

906

26.9322.9225.00

5, 4751,228

22. 49

18.7

1,106382342

23.00

2,459

40050

102

1,413201

371

.450

5310

993

795126

423

.542

.557

1446219

ifia

67.260.6

1.841.631.72

23,399102.1

42852, 816

2,826

5.9755.600

4922,3901,4121,261

26.5822.8825.00

5,4211,231

23.19

21.6

1,032384392

23. 50

2,462

41156

104

1,410211

272

.439

5013

1,002

802128

623

.575

.576

1465916

IRK

55.251.0

1.881.651.76

21,29693.0388

48, 105

1, 775

5.9885.617

4702,3341,4971,403

26.3323.0227.00

5, 5031, 357

24. 07

23.7

943359187

23.75

2,465

4535593

1,383244

665

.435

4712

1,035

817141

621

.622

.585

1586610

IK»

369

1,339408931

59.555.0

1.871.641.75

21, 54385. 5392

48, 642

4,3141,924

5.9635.617

4332,3141,128

710

26.4124.1229. 50

5,0101, 263

26.85

24.8

910271161

25.88

2,386

4845099

1,397269

361

.441

4612

943

751152

430

.702

.616

1396221

IKR

58.556. 3

1.861.661.75

20, 16987.7368

45, 735

955

5.9885.617

3822, 3041, 110

484

26.6524. 6432.00

4,7191,161

27.26

23.9

907254107

27.88

2,348

4874292

1,413262

558

. 449

4710

888

711158

226

.675

.643

129706

IRQ

69.567.9

1.891.651.77

'19,621••89.6

35744, 294

711

5.9885.567

3762,037

943389

27.5526. 3837.50

4,6501,091

.27. 15

23.7

78520680

28.25

2, 143

50935

101

1,244256

264

.453

4111

858

701186

427

.657

.639

1146915

171

438

901257644

9U.487.7

1.871.641.74

' 23, 013'90.7'416

'51,811

4,0861, 155

5.913'5.540

4592, 232

4.1,110513

28.9627. 6236.00

5, 80641,316

24. 00

21.4

1, 0334314

120

26.75

2,500

5284394

1,367236

350

.469

5413

1, 078

878217

431

. 625

.568

1447718

IRQ

83. 677. 7

1.841.651.72

20, 79689.7376

46, 833

2, 532

p 5. 901v5. 540

3702,103

932466

27.7326. 74

^35.00

5,3031, 291

21.72

19.1

972279172

25.75

2,349

58532

107

1,291'225

265

.460

5018

1,008

804'372

329

p . 537.533

149935

p. 150

1.871.741.78

961

26.5426.31

1,245

22.25

18.7

315

27.12

560

210

.442

19

265

.562

r Revised. » Preliminary.1 Crop estimate for the year.

2 Old crop only; new grain not reported until beginning of new crop year (July for wheat).3 See note "O" for p. S-21. 4 Beginning March 1966, data are for receipts at 28 markets.




1964 1965

Annual

1965


1966



POULTRY AND EGGSPoultry:

Slaughter (commercial production) mil. lb__Stocks, cold storage (frozen), end of period, total

mil. lb__Turkeys do

Price, in G~eorgia producing area, live broilers$ per lb._

Eggs:Production on farms mil. cases OStocks , cold storage, end of period:

Shell thous. cases 0Frozen _ mil. Ib _

Price, wholesale, extras, large (delivered; Chicago)$perdoz._

MISCELLANEOUS FOOD PRODUCTS

Cocoa (cacao) beans:Imports (incl shells) thous. Ig. tonsPrice, wholesale, Accra (New York).___$ per lb._

C off ee (green):Inventories (roasters', importers', dealers'), end

of period - - - thous. bagscf _Roastings (green weight) do

Imports total doFrom Brazil do

Price, wholesale, Santos, No. 4 (New York)$perlb__

Confectionery, manufacturers' sales mil. $

Fish:Stocks, cold storage, end of period— _ mil. lb__

Cuban stocks, raw, end of periodthous. Spanish tons__

United States:Deliveries and supply (raw basis) :§

Production and receipts:Production thous. sh. tonsEntries from off-shore, total 9 do. _

Hawaii and Puerto Rico do

Deliveries, total 9 _ _ do _ _For domestic consumption do

Stocks raw and ref., end of period - do

Exports raw and refined sh tonsImports:

Raw sugar, total 9 _ _ _ __thous. sh. tons_From the Philippines do

Refined sugar, total do _

Prices (New York) :Raw, wholesale -- $perlb_.Refined1.

Retail (incl N E New Jersey) $per51bWholesale (excl excise tax) $ per Ib

Tea imports thous. Ib

Baking or frying fats (incl. shortening) :Production mil. IbStocks (producers' and warehouse), end of period

mil IbSalad or cooking oils:

Production -- doStocks (producers' and warehouse), end of period

mil IbMargarine:

Production doStocks (producers' and warehouse) , end of period

mil IbPrice, wholesale (colored; mfr. to wholesaler or

FATS, OILS, AND RELATED PRODUCTS

Animal and fish fats:ATallow, edible:

Consumption in end products doStocks (factory and warehouse) , end of period

mil IbTallow and grease (except wool) , inedible:

Production (Quantities rendered) doConsumption in end products doStocks (factory and warehouse) , end of period

mil IbFish and marine mammal oils:

Production doConsumption in end products doStocks (factory and warehouse) , end of period

mil IK

7,546

357207

.137

178.9

6258

.331

268. 4.234

4,47022, 374

22, 8237,212

.4791,395

215

198

4,4085, 5051, 903

9.7069, 6712,700

4, 222

3,5061,171

84

.069

.657100

133, 592

2,664.1

121 1

2, 846. 1

118 8

1, 857. 4

48 0

241

553 2464 0

41 7

4 565 72 301. 4

366 4

180.280.9

12Q Q

7, 998

315200

.145

179. 4

8551

. 328

354. 4.172

' 3, 14321, 680

21, 2905, 742

.451' 1, 415

230

973

4,1535,7961,966

10,15110, 0212, 647

i 2, 359

3, 7831,055

82

.068

. 595095

130, 358

2, 792. 5

116 6

2, 773. 1

85.9

1,904,4

41 6

261

530 1434 5

31 1

4 302 52 158 0

418 5

190 279.8

185 2

541

215'106

.145

15. 5

5356

.308

25.5.164

1 659333

.458109

137

' 3, 288

1081, 502

250

775756

2,490

403

333138

6

. 066

.588093

15 994

210.8

115 8

213.7

170 0

154.3

51 5

263

39 937 5

35 0

350 7172 5

418 9

9.96.5

i i f l n

563

17782

'.153

16 0

32167

.273

40.2.159

1 554386

.45384

152

' 3, 598

145245240

855846

2,420

196

373829

.068

. 591093

10, 463

224.2

122 3

242.6

156 1

142.0

51 5

263

45 335 8

34 9

351 0179 6

371 7

22 35.7

19fi 4

645

15970

' . 153

15.0

52584

.294

37.7.134

2,6125,330

1 831457

.46094

166

3,525

83253239

883876

2,170

71

368724

.068

.595095

11, 028

219. 9

122 9

270. 6

149 0

145. 1

47 0

263

39 634 8

29 8

352 2181.6

353 5

40.16.8

148 1

683

17788

'.151

15 0

52198

.298

26.0. 118

1 206278

.45575

192

3,055

65401198

957950

1,928

290

188696

.067

. 592095

6,372

204. 2

106 4

229.4

125 7

142.9

48 5

263

40 630 4

27 6

325 1149.5

354 5

40.66.4

ififi i

773

239147

'.149

14 6

423100

.341

36 2.161

1 556411

. 455104

210

2,823

98317191

1, 006996

1, 658

166

362156

2

.068

.591095

9,173

240.2

103 2

226.4

85 5

148.6

44 5

261

43 139 7

23 9

343 9195 0

320 4

37.77.6

9fU 4

847

343244

'.137

14 1

32195

.384

48 5.171

2,6675 112

1 812551

.445162

228

2, 133

120355141

1,0231,0071,291

121

41213710

.068

.594095

14 543

274.6

97 6

218.4

65 9

164.9

41 9

261

45 547 5

21 5

368 7187 7

351 3

17.87.1

1Q9 1

877

470363

'.134

14 6

23481

. 391

32 4.171

2 666802

.438152

231

1,598

612316114

826815

1,552

106

444717

.069

.596096

9, 123

281.6

105 7

213.5

62 2

161.6

47 2

261

45 145.3

22 6

355.8184.5

368 3

9.16.8

177 R

819

391280

' . 141

14 4

12664

.410

27 2.184

2 549736

.438145

232

1,098

96115085

786777

2,166

137

350852

.068

.604

.096

13, 724

270. 4

113.1

231.3

80.3

168.7

45 3

261

48 936 5

26 0

364.7190 1

391 5

8.27.5

901 4

695

315200

.140

15 0

8551

.411

25 2.213

3, 1435,837

2 254846

.440129

230

973

9338339

874863

2,647

321

430108

8

.067

.606

.096

12, 504

255.4

116 6

257. 7

85 9

175.4

41 6

261

44 629 6

31 1

376 4179.2

418 5

3.07.3

185 3

589

284181

.155

15 0

7638

.375

41 9.239

1 829488

.440120

210

1,000

4811,831

132

682673

2,738

76

15938

(2)

.068

.605

.096

10, 447

266. 2

114 2

254.5

98 9

185.5

44 0

261

47 735! 4

36 8

366. 7196.7

435 2

.55.4

168.1

522

249156

.155

13 7

2028

.412

57 7.221

2 013545

.425127

175

1, 570

221294196

783777

2,600

62

260106

1

.069

.611098

9,352

266.3

118 8

238. 1

87 9

172.7

48 4

261

47 644.7

36 6

346.1190. 5

446 5

.3'7.0

158.8

554

201122

.165

15 6

2824

.423

46 6.233

3, 1735 657

2 382'529

.420131

162

2,480

194331203

831817

' 2, 519

1 765

313149

4

.068

.615098

14,677

265. 2

118 4

'271.8

'79 0

188. 5

'58 5

261

'45 436.5

'40 8

'370.6'208. 2

'440 2

.5'7.0

' 137. 4

605

' 16992

.150

15 4

4233

. 385

29 2.259

1 965597

.423

162

2,990

134231235

750739

'2,514

155

303117

(2)

.069

.616P. 095

13, 778

242.5

132 1

241. 0

96.3

164.0

55 8

v 261

41 434.6

40.9

335.4188.1

413 9

5.16.4

135. 1

15069

.160

15 8

7443

.319

.244

.413

163

2,675

258260

p 2, 313

.069

r Revised. * Preliminary. ! See note "O" for p. S-21.O Cases of 30 dozen. d" Bags of 132.276 Ib.

2 Less than 500 short tons. § Monthly data reflect cumulative revisions for prior periods. 9 Includes data notshown separately; see also note "§". A For data on lard, see p. S-28.


S-30 SURVEY OF CUKEENT BUSINESS June 1966


1964 | 1965

Annual

1965


1966



FATS, OILS, AND RELATEDPRODUCTS- Continued

Vegetable oils and related products:Coconut oil:

Production:Crude _ _ _ mil. IbRefined . do _ _

Consumption in end products doStocks, crude and refined (factory and ware-

house) , end of period™ mil. lb_Imports do

Corn oil:Production:

Crude doRefined - do

Consumption in end products _ _ _ doStocks, crude and refined (factory and ware-

house) , end of period - - mil. Ib

Cottonseed cake and meal:Production thous. sh. tonsStocks (at oil mills) , end of period do__ _

Cottonseed oil:Production:

Crude mil. IbRefined do


house) , end of period mil. IbExports (crude and refined) doPrice wholesale (drums; N.Y ) $ per Ib

Linseed oil:Production crude (raw) mil. IbConsumption in end products doStocks, crude and refined (factory and ware-

house) , end of period mil IbPrice, wholesale (Minneapolis) $ per lb_.

Soybean cake and meal:Production thous. sh. tonsStocks (at oil mills) , end of period -- do _

Soybean oil:Production:

Crude - mil. IbRefined do


house) end of period mil IbExports (crude and refined). doPrice, wholesale (refined; N.Y.) $ per lb_.

TOBACCOLeaf:

Production (crop estimate) mil IbStocks, dealers' and manufacturers' end of period t

mil IbExports incl scrap and stems thous IbImports incl scrap and stems do

Manufactured:

Consumption (withdrawals):Cigarettes (small):

Tax-exempt millionsTaxable do

Cigars (large), taxable doManufactured tobacco, taxable thous. lb__

Exports cigarettes millions

327.6506.0765. 4

154.0397.1

413.9393.1412.2

40.1

2, 705. 7126.8

1, 932. 81, 600. 01, 410. 0

506.3603.5.141

443.6377.2

185.5.134

10, 635. 2102.6

4, 943. 84, 591. 84, 423. 6

544.21, 273. 2

.123

r 2 2, 228

5, 664514, 514179, 651

180, 082

42, 643497, 446

8,106175, 80825, 144

365.4488. 1723.5

154.4383.6

446.1412.8421.5

26.1

2, 755. 580.9

1,974.21, 668. 81, 471. 7

300.1501.3i .149

410. 1239. 4

213.5.134

11, 179. 174.6

5, 235. 54, 547. 34, 423. 3

374.81, 026. 7

.134

' 2 1, 855

' 5, 582468, 075243, 347

166, 617

45, 046511, 463

7,577160, 62423, 052

27.540.860.3

169.747.3

36.032.230.0

41.5

222.7220.7

164.6135. 5110.8

583.434.1.164

28.520.5

212.3.139

882.0194.0

415.9367.1340.8

578.491.7.145

42, 51938, 749

14, 213

4,01443, 483

63313, 7182,094

32.547.163.7

181.338.8

36.134.335.8

38.4

181.9238.5

135. 0119.6106.8

560.026.9.146

22.322.3

205.0.139

944.1239.5

448.0373.5368.3

573.385.1.129

35, 73715, 163

13,143

3,91940, 841

71413, 2282,795

23.542.163.2

156.022.7

38.231.834.1

39.6

126.1207.6

93.098.9

121. 5

492.550.3.138

31.323.4

198.2.137

856.2205.3

406.0390.9397.5

522.178.2.121

' 5, 23136, 11616, 687

15, 141

3,84647, 063

65914, 9062,109

24.925.644.5

137.80

36.431.135.8

39.3

98.9168.5

72.692.1

105. 8

420.641.5.137

15.721.5

184.6.134

846.4163.7

403.2340.2362.6

499.061.0.121

36, 13714, 210

12, 112

3,67239, 727

60712, 6361,831

30.641.463.2

123.57.1

38.837.935.3

38.5

71.9110.8

50.080.3

113. 0

292.554.6.135

37.221.0

180.7.133

856.5133.9

408.2375.8373.8

423.099.3.132

32, 55416, 181

15, 032

4,90746, 647

69714, 5531,984

19.735.659.6

114.924.8

40.734.836.6

35.4

191.077.7

132.795.3

133.4

236.230.6.135

48.720.4

184.7.128

697.274.2

329.5357.6385.3

297.489.9.138

'5,32350,42515, 382

14, 847

4,02144, 084

65814, 0241,948

28.742.360.8

106.834.4

40.139.038.5

32.0

297.991.0

212.1149.0145.9

243.618.1

45.918.8

188.2'.128

999.797.2

474.8353.2366.2

373.028.5.132

44, 05113, 061

14,956

3,74741,771

67014, 5051,920

38.239.957.1

127. 018.7

36.537.337.6

28.6

338.496.1

236.5176.5130.1

281.137.9.155

33.517.1

199.9.128

1, 125. 6104.3

510.1423.2399.9

401.136.6.137

71, 27314,937

13, 666

3,69443,446

69612, 6511,701

36.838.560.3

154.411.1

36.035.336.6

26.1

332.880. 9

230.9193.5130.0

300.148.8.153

40.916.3

213.5.127

1,135.274.6

519.8445.2429.1

374.8168.7.132

' 5, 58262, 28811, 527

11, 799

4,05337, 720

4459,9582,290

27.647.865.6

131.7109.5

35.430.330.0

30.3

334.494.6

232.6181.4131.0

335.649.8.164

37.517.3

216.9. 128

1,163.8105.0

533.2468.6453.5

414. 844.6.142

31.97015, 245

4,08839, 348

571

1,515

21.243.759.1

146.343.7

34.331.232.2

29.6

305.4115.0

214.7166.4125.4

366.330.0.168

38.116.8

225.6.128

1,042.7113.7

478.4416.5415. 8

444.242.1.144

29, 52514, 495

3,52442, 985

525

2,019

24.7'52.5'70.7

' 176. 587.2

' 40. 534.731.7

34.8

' 287. 6' 156. 7

' 202. 4' 204. 2' 132. 0

r 396. 037.7

'.171

43.1'21.3

' 225. 9.128

'1,142.8' 121. 6

' 526. 3' 476. 4' 466. 5

' 485. 045.6

'.136

' 5, 48239,28513, 523

4,57747, 053

630

2,190

(d)46.061.3

155.310.4

38.238.931.9

42.5

197.4189.6

139. 2147.7112. 2

508.610.8

v .178

41.920.0

246.9p . 128

'1,010. 1'115.4

480.4417. 3406.1

522.833.2

p .139

23, 19116, 413

4,04039, 582

571

2,414

158.5213.0

1, 165. 2152.5

LEATHER AND PRODUCTS

HIDES AND SKINSExports:

Value, total 9 thous $Calf and kip skins thous skins

Imports:Value total 9 thous $

Goat and kid skins doPrices, wholesale (f.o.b. shipping point):

Hides steer heavy native over 53 Ib do

LEATHERProduction:

Calf and whole kip. _ .thous. skins. _Cattle hide and side kip thous. hides and kips_ _Goat and kid - - -- thous. skins.Sheep and lamb do_ _

Exports:Glove and garment leather thous. sq. ftUpper and lining leather do

Prices, wholesale:Sole, bends, light, f.o.b. tannery $ per lb__Upper, chrome calf, B and C grades, f.o.b. tan-

nery _ $persq. f t _ _

92, 6932 391

n efl4.

81 879on AKZ

12 882

A-IA

106

6,53522, 83412, 87431, 548

46, 49642, 582

.662

1.200

106, 2532 458

i q qi 1

80 263qi oen14, 411

KA-I

143

' 6, 263'23, 43614, 557

'30,316

p 69, 953

.725

1.244

10, 244226

1 994.

9 330A OCO

1,893

eon

116

5062,0221,248

'2,515

6, 577

.700

1.243

11, 809210

1 496

7,3539 7QQ

1,409

550139

532'1,938

1,162' 2, 656

6,804

.710

1.252

10, 023218

1 219

6 2981 8251,430

525134

574'1,987

1,317' 2, 647

5,207

.710

1.248

9,720186

1 147

7,6643 763

820

coc

156

397' 1, 569

1,071' 1, 922

4,836

.710

1.238

8,131190928

5,5451 9991,282

550194

496' 1, 982

973' 2, 763

.790

1.238

7,737190841

6,7722 6071,225

550.174

464' 1, 958

1,066' 2, 600

.765

1.230

10, 513161

1 339

6, 0832 271

966

575.166

468' 2, 038

1,296' 2, 511

.735

1.247

9,655253

1 036

4,9681 382

968

575.159

542' 2, 071

1,434' 2, 756

.750

1.253

12, 703311

1 277

5,7511 7321,391

625.164

'528'2,065

1, 523' 2, 697

fi G1 ft

.750

1.271

9,645241935

5,1951 2311,130

625.174

5001,9651,3712, 550

fi Q7/1

.770

1.280

13, 782295

1 236

6,7872 841

794

700.194

4451,9271,255

6 346

1.300

15, 623330

1 320

11, 0525 5481,142

775.174

4642, 1491,423

7 164

'.940

' 1. 293

11, 797183927

9,5004,541

856

p .675P .184

5 741

p .900

p 1. 333

' Revised. p Preliminary. d Data withheld to avoid disclosure of operations ofindividual firms.

1 Average of months shown.2 Crop estimate for the year.

3 Effective Jan. 1965. data are for all leather, except sole and rough; see note "O" for p. S-21.JRevisions for 2d qtf. 1963-4th qtr. 1964 (mil. Ib.): 4,692; 4,791; 5,287; 5,355; 4,961; 5,069; 5,664.

9 Includes data for items not shown separately.




1964 | 1965

Annual

1965


1966


LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES

Shoes and slippers: JProduction, total thous. pairs

Shoes, sandals, and play shoes, except athleticthous. pairs. _

Slippers _ _ - -- -- --do_ _Athletic doOther footwear do

Exports - - do _

Prices, wholesale, f.o.b. factory:Men's and boys' oxfords, dress, elk or side

upper Goodyear welt 1957-59=100Women's oxfords, elk side upper, Goodyear

welt - 1957-59=100-.Women's pumps, low-medium quality. —do

612, 789

516, 12479, 2677,116

10, 282

1, 912

105.9

106.5111.0

••630,012

••535,311' 85, 938'6,712r 2, 351

i 2, 533

111 0

107.3113. 0

52, 365

44, 8376,699

629200

247

109 6

106.5111.2

49, 436

41, 5577,097

580202

171

109 6

106.5111.3

51, 145

43, 0847,241

587233

115

109 6

106. 5111.2

46, 268

39, 7825,974

353159

191

109 6

106.5112.8

57, 105

48, 1848,185

549187

231

110 1

106.5112.4

53, 859

44,3588,714

571216

237

110 1

106.5112.4

51, 760

41, 7959,224

503238

285

116 5 •

109.7117.3

50, 270

40, 9698,566

544191

255

116 5

109. 7116.6

'52 673

'45,440r 6 554

'506r 173

221

116 5

109 7117.0

52 718

46, 6335 356

521208

186

116 5

109 7118.3

167

116 5

109 7119.3

274

116 5

109 7119.3

260

120 3

111 4121.2

LUMBER AND PRODUCTS

LUMBER—ALL TYPES

National Forest Products Association: cfProduction, total mil. bd. ft

Hardwoods . . . _ _ do. _Softwoods do

Shipments, total _ _ _ _ ..doHardwoods doSoftwoods do

Stocks (gross) , mill, end of period, total doHardwoods doSoftwoods _ _ . do. _

Exports, total sawmill products _ doImports, total sawmill products do_ .

SOFTWOODDouglas fir:

Orders, new ..mil. bd. ft ._Orders, unfilled, end of period . _ _ .-..do .

Production . doShipments _ _ _ _ _ .. .doStocks (gross) , mill, end of period .do __

Exports, total sawmill products. doSawed timber doBoards, planks, scantlings, etc do

Prices, wholesale:Dimension, construction, dried, 2" x 4", R. L.

$per M bd. ft_.Flooring, C and better, F. G., I" x 4", R. L.

IperMbd. ft..Southern pine:

Orders new mil bd ftOrders, unfilled, end of period do

Production _ _ _ __doShipments doStocks (gross) , mill and concentration yards, end

of period mil bd ftExports, total sawmill products M bd ft

Sawed timber doBoards, planks, scantlings, etc do _

Prices, wholesale, (indexes):Boards, No. 2 and better, 1" x 6",, R. L.

1957-59—100Flooring, B and better, F. G., 1" x 4", S. L.

1957-59—100Western pine:

Orders new mil bd ftOrders, unfilled end of period do

Production doShipments _ _ _ _ doStocks (gross) , mill, end of period doPrice, wholesale, Ponderosa, boards, No. 3, 1" x

12" R L (6' and over) $ per M bd ft

HARDWOOD FLOORING

Maple, beech, and birch:Orders new mil bd ftOrders unfilled end of period doProduction _ _ doShipments.. doStocks (gross) mill end of oeriod do

Oak: ' 'Orders, new do

Production doShipments doStocks (gross) , mill end of period do

35 4085 891

29 517

35 5876 290

29 297

6 4341 5364 898

9575 240

8 916607

8 9678 8451 075

369136233

81 14

153 07

6 346281

6 3466 321

1 362102 68411 70990, 975

92 7

95 3

10 565463

10 57910 4491 809

65 49

O1 Q

m l

28 531 2

4. fl

819 6OK p.

842 2824 2

54 5

36 1586 129

30 029

36 6806 465

30 215

5 7281 1514 577

i 9625 163

9 289620

9 2569 2771 079

i 445i ini 334

82 16

156 85

6 864366

6 5046 779

1 087HOO 581

94 3

97 1

11 057535

10 87510 9511 732

67 42

31 211 129 030.23 1

818 464 3

778 7783 335 4

2 981470

2 511

3 088528

2 560

6 1061 ?504 856

76394

814684

820806

1 215

321121

81 69

158 19

582381

560572

1 34810 932

92 3

96 0

889511

848901

1 613

70 70

0 A.

11 82 62 4K fl

71 2M e

64 966 256 7

2 980533

2 447

3 11?557

2 555

5 9741 2244 750

81411

782682

742785

1 172

351124

81.22

158 19

618380

519589

1 27812 380

92 0

96 0

906505

923912

1 624

70 33

9 4.H e

2 52 6A Q

72 2fil Q

61 769 651 8

3 111'539

2 572

3 299539

2 690

5 8641 2944 640

70532

814624

804872

1 104

287

21

80 01

157 10

579374

540585

1 2339 126

92 5

96 3

947532

938921

1 641

68 28

O 1

11 82 93 2A, 4

69 5cc 9

65 170 046 7

2 969518

2 451

3 193515

2 Q7g

5 6451 2264 419

86500

838673

712788

1 021

381523

80.84

157 10

605387

562592

1 2038 136

93 4

96 8

1 064590

9171 0051 553

66 65

•> A

11 92 43 0q o

73 2Pf) 9

63 567 242 9

3 262559

2 710

3 316548

2 768

5 5661 2294 337

85513

773654

788792998

327

25

83 34

155 79

615388

543614

1 1328 762

95 0

97 3

1 025526

1 0681 0551 566

66 34

1 911 42 22.93 1

83 370 068 972 537 7

3 349507

o 040

3 208537

2 671

5 6981 1964 502

77449

719550

832823

1 007

349

25

83.46

155 79

591373

582606

1 1086 212

96 0

98 2

935507

1 124954

1 736

67 53

2 611 42 62.73 0

71 670 270 771 437 0

3 128539

2 539

3 163568

2 595

5 6761 1614 515

87429

739518

772771

1 043

401229

82 27

155 79

572367

548578

1 0788 694

96 2

98 8

943491

969959

1 746

- 67 07

2 611 12.32.53 1

64 069 264.666 434.9

2 970539

2 431

2 888550

2 333

5 7331 1474 586

67412

752523

777747

1 073

265

22

82 14

15643

534349

541552

1 0679 466

98 0

99 1

774456

839809

1,776

65 55

2 911 82.02.12 8

62 069 863.961 435.8

2 927504

2 423

2 912496

2 416

5 7281 1514 577

131444

848620

758752

1 079

876

80

82 25

156 44

542366

545525

1 0877 451

98 7

100 1

995535

872916

1,732

63 91

2 o11 12.62.43 1

64.264 365.965.035.4

2 691476

2 215

2 860507

2 353

5 6181 1204 498

70345

723738

732840

1 063

311021

83.56

157. 63

564418

504512

1 07910 106

99 8

100 8

940627

708769

1,671

63.45

3 012 02.32.23 1

78.080 561.461.735.0

2 909553

2 356

3 040675

2 365

5 5261 0614 465

77415

691728

751701

1 113

271115

83.69

158 64

508420

507506

1 0807 885

101 2

102 5

875596

815907

1,579

65 83

9 613 12.11.73 4

60.785 357.056.034.4

3 410652

2 758

3 472685

2 787

5 4921 0614 431

74514

1 038923

843843

1 113

329

23

' 88. 16

••161.61

761503

625678

1 02711,244

r 102. 2

102.7

1 096730

982962

1,599

' 68. 19

3 214 12.32.43 5

77.291 665.566.131.7

3 211660

2 551

3 462689

2 773

5 3231 0554 268

99462

817906

782835

1,084

461135

v 92. 65

p 166.84

578469

568612

9836, 927

106.2

108.2

973682

9101,0211,488

v 71. 48

3.915.81.92.33.0

59.089.360.663.530.5

T Revised. » Preliminary.1 See note "O" for p. S-21.

I Revisions for Jan.-Oct. 1964 are shown in Bu. of the Census report M31A(64)-13.(/'Formerly National Lumber Manufacturers Association.


S-32 SURVEY OF CURKENT BUSINESS June 1966


1964 1965

Annual

1965


1966


METALS AND MANUFACTURES

IRON AND STEELExports:

Steel mill products _ _ _ thous. sh. tonsScrap doPig iron do

Imports:Steel mill products doScrap doPig iron do

Iron and Steel Scrap

Scrap for consumption, total thous sh tonsHome scrap produced doPurchased scrap received (net) do

Consumption total doStocks, consumers', end of period _ _ _ • doPrices, steel scrap, No. 1 heavy melting:

Composite (5 markets) $ per Ig tonPittsburgh district do

Ore

Iron ore (operations in all U.S. districts):Mine production thous Ig tonsShipments from mines doImports - do

U.S. and foreign ores and ore agglomerates:Receipts at iron and steel plants doConsumption at iron and steel plants doExports doStocks total end of period do

At mines doAt furnace yards doAt U S docks do

Manganese (mn content) general imports do

Pig Iron and Iron ProductsPig iron:

Production (excluding production of ferroalloys)thous. sh. tons__

Consumption doStocks (consumers' and suppliers'), end of period

thous sh tonsPrices:

Composite— ------ _$perlg. ton__Basic (furnace) doFoundry No 2 Northern do

Castings, gray iron:Orders, unfilled, for sale, end of period

Shipments total doFor sale do

Castings^ malleable iron:Orders, unfilled, for sale, end of period

Shipments total doFor sale do

Steel, Crude, Semifinished, and Finished

Steel ingots and steel for castings:Production thous. sh. tons

Index __ _ _ -daily average 1957-59=100Steel castings:

Orders, unfilled, for sale, end of periodthous. sh. tons__

Shipments, total doFor sale total do

Steel forgings (for sale) :Orders unfilled end of period do

Closed die (drop upset press) do

Steel products, net shipments:Total (all grades) do

Semifinished products doStructural shapes (heavy) steel piling doPlates doRails and accessories do

Bars and tool steel, total doBars: Hot rolled (incl. light shapes) do

Reinforcing doCold finished do

Pipe and tubing doWire and wire products doTin mill products _ __• - _ _ _ d oSheets and strip (incl. electrical), total. _ _ do

Sheets* Hot rolled doCold rolled do

Steel mill products, inventories, end of period:Consumers' (manufacturers only)__mil. sh. tons__

Receipts during period '__ _doConsumption during period _ do

Service centers (warehouses) doProducing mills:

In process (ingots, semifinished, etc.) doFinished (sheets, plates, bars, pipe, etc.) _do _ _ _

3,4357, 881

176

6,440299751

84,09352, 26231, 83184, 6267, 413

32.7734.70

3 84, 8363 85, 184

42,417

118, 325122, 197

6,96371, 67710, 75257, 1843,741

1,032

85,60186, 382

2,461

62.7563.0063. 50

85514, 3168,129

1221,001

589

127, 076130.5

3371,8351, 471

45931,73431, 334

84, 9454, 2296,0858,4911, 395

13, 1998,4013,2291,4678,1373,1056,083

34, 2229,948

15, 699

11.262.460.54.1

9.18.7

neQ7

1 2, 49616,170

128

10,383235916

90, 53455, 21435, 32090, 3607,638

33.3635.00

87, 42085,80145, 105

121,964125, 14317,08568,78112, 29053,9972,494

1,272

88,17388,945

2,329

62.7563.0063.50

88215,7139,173

1741,136

648

3131, 462135.3

4361,9621,569

5892,0271,578

92, 6664, 5286, 7989,7641,523

14.4889.3443, 1501,8778.6893,4846, 659

36, 73310,63016, 571

12.968.767.04.5

8.57.9

noo7

230597

5

9082168

8,3005,0023,2988,2486,960

35.5237.50

5,4694,6223,489

7,08111, 162

51652,56918, 39332, 3421,834

122

7,9518,030

2,300

62.7563.0063.50

9401, 404

816

13910056

11, 966149.9

362173137

484173135

10, 101489648881166

1,5341,041

279203

1,040420

1, 0263,8961,1821,747

15.17.46.04.2

7.86.7

nQQ7

200623

2

1,0141799

8,1114,8903,2218,0437,027

35.6638. 50

9,14410, 9134,120

14, 08211, 682

92953, 07916, 62434,7501,705

97

8,1958,165

2,402

62.7563.0063.50

9601,376

822

1529653

12, 012145.6

355164131

512162127

7,874395569811148

1,266827285145778306317

3,286960

1,489

15.56.25.84.2

8.17.1

ftC97

177472

1

1,1922880

8, 0834,8633,2208,0217,066

33.8835.00

10, 10211,3335,106

15,25611,083

95055, 90915, 39238, 9231,594

109

7,8497,864

2,508

62.7563.0063.50

••9171,454

869

••14410560

11, 593145.2

357178143

510172134

7,887394577808132

1,282814305152734298419

3, 244942

1,485

15.86.25.94.2

8.27.3

ACQ7

188711

1

1,0941767

7,5694,7282,8407,5827,051

33.8435. 00

10, 50812,4814,505

15, 92911, 1331,037

58, 93113, 42043, 7101,801

74

7,7807,836

2,505

62.7563.0063.50

9251,282

771

1658144

11, 551140.0

368134105

544152114

7,699379590833101

1,211767298138744268521

3,052893

1,409

16.35.55.04.4

8.47.5

f\CQ7

195561

2

1,0612296

7,6084,7312, 8777,5157,184

32.7335.00

10,85111, 6995,128

15, 36710, 8971,033

62, 67512, 57248, 1811,922

115

7,6617,762

2, 416

62.7563.0063.50

8921,302

815

1718150

11,324137.3

389152120

568154114

8,634403606856101

1,328836315167877323733

3,4061,0091, 538

17.26.05.14.6

8.27.0

naQ7

204550

2

78615

114

7, 0344,4342,6007,0097,213

30.6731.00

10,28210,3663,894

13, 2249,764

54466,35712,48651,6412, 230

105

6,6906,794

2, 446

62.7563.0063. 50

8811,322

777

1769054

9,949124.6

393171138

569172134

6,69833351682796

1, 083644291139588248275

2,733797

1,178

17.05.25.44.6

8.27.3

nc*37

254334

1

89218

101

6,9574,1992,7586,7417,432

29.3032.00

8,8929,9554, 093'

12,9298,976

77869,46611,42455,5942,448

125

6,3106,378

2,460

62.7563. 0063. 50

8761,273

732

1729554

9, 296112.7

404160128

573178139

6, 237265523833

99

1,036626264137566228360

2,327662985

15.64.25.64.6

8.37.4

n«Q7

218509

1

9392096

6,5663,8352,7326,4987,502

29.5831. 50

4,5436,2944,131

10,0508,213

33170, 71810, 73257,4302,556

98

5,8805,930

2, 450

62. 7563.0063.50

8421,178

689

1749352

8,822110.5

428157128

580187145

6,200323512777111

972592237132534226631

2,116600880

14.34.45.74.5

8.37.3

nsss

274417

6

67124

106

7,1094, 1532,9567,0017, 638

31.2533.00

4,1642, 6433,123

5,2668,699

43768,78112, 29053, 9972,494

154

6,3276,502

2,329

62.7563.0063.50

8821,255

696

17410159

9,627116.7

436175145

589190148

6,061313529698143

964587233134592240302

2,280656997

12.94.45.84.5

8.57.9

f!S2Q

175347

1

6682138

32.3633.50

4,7121,8821,898

3,0699,595

27565, 17015, 12047,5622,488

117

6,910

62.7563.0063,50

9161,227

661

1769856

10, 577128. 2

443175145

6,602335536675146

1,013649207147604256382

2,655751

1,243

12.04.95.84.6

9.17.8

n«3Q

158419

(2)

5381562

32.8936.00

4,4971,7511,489

3,2329,499

39661,46617, 86641, 2952,305

92

6,834

62.7563.0063. 50

' 977' 1, 229

'671

1749755

10, 249137.5

••452r 168'137

6, 734301490684140

1,041681208143712239390

2, 737790

1,263

11.34.95.6

9.58.1

0839

159342

2

7769132

r 33. 3236. 50

5,0382,0572,219

3,97611, 127

40856, 88120,84734, 1441,890

76

7,937

62.7563. 0063.50

9671, 470

818

18711268

12, 083146.5

521200165

8,282349609838165

1,284818281173887318527

3,305948

1,513

'10.9'5.9'6.3

'9.28.3

.0839

143440

1

71414688

v 30. 01"33.50

3,432

8,84110, 897

593

32, 0881,744

83

7,853

62.75p 63. 00P 63. 50

11, 569144.9

8,174324600819155

1,279797297175874327535

3,260919

1,494

10.85.85.9

9.18.2

.0839

12, 187147.7

'Revised. * Preliminary. 1 See note "O" for p. S-21. 2 Less than 500 tons.3 Revised total; monthly revisions are not available.^Beginning Jan. 1964, the composite reflects substantial changes in products and weights

used and is not comparable with earlier periods. The new composite price is based on AISI

net shipments of carbon steel and is the average price of all finished carbon steel products(except rails and wire products) weighted by tonnage. Prices used are base prices at Pitts-burgh; the average includes an additional 25% for "extra" charges but does not include freight.




1964 1965

Annual

1965


1066


METALS AND MANUFACTURES—Continued

IRON AND STEEL— Continued

Steel, Manufactured Products

Fabricated structural steel:Orders, new (net) _ _ thous. sh. tonsShipments.- _ _ _ _ . __ __' do_ _Backlog, end of period do

Barrels and drums, steel, heavy types (for sale) :Orders, unfilled, end of period thousShipments _ _ do

Cans (tinplate), shipments (metal consumed),total for sale and own use thous. sh. tons

NONFERROUS METALS AND PRODUCTS

Aluminum:Production, primary (dom. and foreign ores)

thous. sh. tons_Recovery from scrap (aluminum content).. do _ _ _Imports (general):

Metal and alloys, crude. _ do _Plates, sheets, etc. _ _ _ do_

Exports, metal and alloys, crude do

Stocks, primary (at reduction plants), end ofperiod thous sh tons

Price, primary ingot, 99.5% min _ _ _ _ $ p e r l b _ _

Aluminum shipments:Ingot and mill products (net) mil. Ib

Mill products, total doPlate and sheet (excl. foil) do

Castings do

Copper:Production:

Mine, recoverable copper thous. sh. tonsRefinery, primary _ _ _ _ _ d o

From domestic ores doFrom foreign ores _ _ _ do_ .

Secondary, recovered as refined doImports (general):

Refined/ unrefined, scrap (copper cont.)__doRefined do

Exports:Refined and scrap do

Refined .. doConsumption, refined (by mills, etc.) _ _do_ _

Stocks, refined, end of period doFabricators' do

Price, bars, electrolytic (N.Y.) $per lb__

Copper-base mill and foundry products, shipments(quarterly total) :

Copper mill (brass mill) products mil. IbCopper wire mill products (copper cont.) doBrass and bronze foundry products do

Lead:Production:

Mine recoverable lead thous. sh tonsRecovered from scrap (lead cont.) do

Imports (general), ore (lead cont.), metal doConsumption, total . do

Stocks, end of period:Producers', ore, base bullion, and in process

(lead content) ABMS thous. sh. tonsRefiners' (primary), refined and antimonial

(lead content) thous. sh. tonsConsumers' cf - doScrap (lead-base, purchased), all smelters

thous sh tonsPrice, common grade (N.Y.) _ _ _ $ perlb__

Tin:Imports (for consumption) :

Ore (tin content) Ig tonsBars, pigs, etc do

Recovery from scrap, total (tin cont ) doAs metal do

Consumption pig total doPrimary do

Exports incl reexports (metal) doStocks, pig (industrial) , end of period § doPrice, pig, Straits (N.Y.), prompt. .$perlb_-

Zinc: AMine production, recoverable zinc

thous sh tonsImports (general):

Ores (zinc content) doMetal (slab blocks) do

Consumption (recoverable zinc content):Ores doScrap, all tvDes--. __ _ _ _ _ do__

4 5004,2412 712

1 15424, 312

4 737

2, 552. 7657.0

392.449.7

208.6

96 9.2372

7 060 04 831 42,273 9

21 253 7

1 246.81, 656. 41 259 9

396 5332 4

584. 8137 7

430 6316 2

1, 859. 2

149 6110 0.3196

2 7871*9921 063

286 0541 6

334 21,202 1

98 4

38 1113. 4

71 5.1360

(3)31 58423 5083 334

r 82 890r 58 586

4 4 04124 3431. 5772

574 9

357 1118 3

4 105 94 222. 5

4 8684, 3213 151

1 22624, 132

4 4, 928

2, 754. 5726.0

527.365.4

r * 203. 6

64 8.2451

r 8, 022.3r 5, 706.7r 2, 649.7

1, 409.0

1,354.71,711.81 335. 7

376.1429 4

523.8137. 4

i 422. 1i 325. 0

2, 042. 6

161. 3112 9.3502

2 9742,1771,075

293.0554.0

344.41,221.2

106.8

25.9103.2

48.1.1600

4 32640 81423 5803, 155

' 84 Oilr 58, 550

1.3 064* 27 656

1. 7817

610 1

429 4153 0

113 6219^2

439351

r 3 072

1 3722 200

472

226.662.0

41.75.0

13 1

75 9.2450

726., 3531 1275 4122 2

117 1150. 0109 540 535 5

65.710 8

43 234 7

164. 9

126 679 3

.3360

26 146 2

21 799.4

93 0

27 8100.4

65 7.1600

3762 9082 000

2507 4855 440

61124 2601. 8067

53 4

25 918 3

10 217. 6

570318

3 279

1 2802 057

372

237.063.0

51.14.6

18 3

63 4.2450

785 1535 8270.1115 0

119 1144.6116 628.037 9

31.19 7

43 636 5

171.1

112 376 7

.3545

22 046 7

18 799.4

86 9

27 2107.1

63 4.1600

4923 2071 925

2407 0105 080

8324 2151.9195

49 0

32 99 4

9 718.9

458363

3 245

1 2512,171

421

227.666.0

65.65.6

16 7

79 4.2450

713 9517 6248 0121 7

116 8147.8110 237.535 3

58.412 9

29 318 9

187.8

118 779 2

.3560

799544274

22 448 1

25 8102.6

90 2

29 3110.8

62 5.1600

3223 0732 210

3107 6105 420

17323 1831. 8894

52 1

32 33 7

8 919.1

337329

3 268

1 2642,001

458

235.157.0

51.45.1

19.0

83 0.2450

599 0436 9201.496 6

105.8143.8116.127.734 4

29.99 0

30 723 0

124.5

162 3118 5. 3560

22 640 5

37 186.1

93 9

31 0118.5

63 1.1600

402 6481 790

2306 7555' 005

14223 5871. 8412

48 3

38 921 1

8 818.6

341413

3 176

1 3002,126

538

234.962.0

45.66.8

15.7

81 1.2450

648 4456 2200.7103 1

109 4139.4113 026. 433 4

36.79 5

33 326.0

178.0

148. 1111 2.3560

25 542 4

32.3103.1

99 8

26 3106.2

59 4.1600

2192 0611 815

2557 0755 135

22622 9851. 8696

50 7

36 110 7

8 618.5

438383

3,179

1,3232,045

497

218.756 0

39.64.9

17.6

71 0.2450

636 9461.1201.0117 2

107.9133. 1101.132.036 6

39.011.4

29 022.0

183.2

132.893.3

.3560

716524249

25 748.0

24.2105.3

105 3

24 395.5

53.8.1600

374,0151 885

2655 9903 995

36424 3501. 9190

51 5

36 22 7

8 618.4

327411

3 177

1,2731, 975

406

237. 262.0

42.86.9

13.2

76 8.2450

636 2461 6191.4117 5

115.1143.5107.436.140.9

55.418.3

32.226.3

178.2

130.890 6

.3568

25 548.4

37.7111.2

104.7

25.092.2

52.2.1600

7922,5521 990

2506 2053,960

14925, 3151.8532

51 3

34 820 7

10 418.6

415365

3,199

1, 2981,920

393

236.562.0

41.67.0

14.5

75 0.2457

665 6465 9195.4124 2

109.0137.6106.631.036 7

63.816.4

32.525.5

165.8

128.684 9

.3641

24 745 8

25.1108.5

101.6

25 798.9

51 1.1600

194,3481 955

2706 2804 185

13126 3851. 7676

49 9

42 214.0

10 419.1

325413

3 151

1 2261,994

333

245.062.0

55.39.4

18 1

64 8.2450

684 4499.1224.6125.4

109.8144. 0114.329. 840 7

36.311.8

30.522.1

176.7

161. 3112 9.3586

753596277

24 646.3

34 3101.9

106 8

25.9103.2

48 1.1600

6697 7351 990

3456 1703,930

148r 27, 6561. 7423

49 2

42 117 8

10 319.2

423339

3,222

1,930

'333

247.359.0

25 27.3

19 0

78 3.2450

r638 6••489 6219.0

118.2127 799 827 937 8

35.011 6

25 720 4

189 65 178 3114 5.3613

24 946.8

30 3103. 3

107 2

26 2101.3

49 0.1600

2803 499

r 1 995300

6 4954 435

30327, 1801. 7875

48 6

35 022 0

10 418.9

456345

3,273

r 2, 017

338

223.558.0

51.98.3

12.8

71.8.2450

715. 4512.1236.5

107.1127.2101. 725.629.6

41.19.8

27.418.4

197.4

204.8132.8.3604

'23.644.7

30.099.3

109.1

25.899.3

52.3.1600

3174,0702,050

270r 6, 470T 4, 555

116r 27, 2451. 7810

r 48 7

32 918.9

9 618.6

538440

3 347

2, 514

249.0

57.712.117 4

64 8.2450

807 4589 5267.8

«• 123. 7148.6120 428.242 3

45.213 1

45 738 0

r 219 5

205 7132 5.3612

29.050.8

39.9112.5

114.6

105.9

47.1. 1600

02,001

7,7755,480

29027, 1301. 7398

53.8

39.521.6

10 419.0

504407

3 382

54 59.9

10 7

.2450

121.2137.9111 826.143 5

43.010 0

35 330.9

P202.7

v 183. 8pl24 3

.3615

27.5

113 1

. 1600

294,363

782

1.7424

51.1

35 314.0

.2450

.3603

.1514

1. 6928

•• Revised. » Preliminary. 1 See note "O" for p. S-21. 2 Monthly data (1962-64),revised to the 1962 complete canvass of nonferrous producers, are available; estimatesbeginning 1965 reflect the revised benchmark. 3 Data for Sept. 1963-Apr. 1964 are in termsof gross weight. 4 Revised total; monthly revisions are not available. 5 Beginning Jan.1966, total includes copper (totaling 10,900 tons end of Jan. 1966) held by nonconsumers, etc.,

not previously covered.cf Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper-base

scrap. § Stocks reflect surplus tin made available to industry by QSA. A BeginningAug. 1964, data reflect sales to the industry of metal released from the Government stockpile.


S-34 SUEVEY OF CURRENT BUSINESS June 1966


1964 1965

Annual

1965


1966

Jan. Feb. Mar, Apr. May

METALS AND MANUFACTURES—Continued

NONFERROUS METALS AND PROD.— Con.

Zinc— C ontinuedSlab zinc: A

Production (primary smelter), from domesticand foreign ores thous. sh. tons

Secondary (redistilled) production doConsumption, fabricators' doExports doStocks, end of period:

Producers', at smelter (AZI)c?1 doConsumers' do

Price, prime Western (East St. Louis) - $ per lb—

HEATING EQUIPMENT, EXC. ELECTRIC

Radiators and con vectors, shipments:Cast-iron mil sq ft radiationNonferrous do

Oil burners:Shipments thousStocks end of period do

Ranges, gas, domestic cooking (incl. free-standing,set-in, high-oven ranges, and built-in ovenbroilers) thous

Top burner sections (4-burner equiv) ship do

Stoves domestic heating shipments total doGas do

Warm-air furnaces (forced-air and gravity air-flow),shipments, total thous

Gas doWater heaters gas shipments do

MACHINERY AND APPARATUS

Fans, blowers, and unit heaters, qtrly. :Fans and blowers, new orders _mil. $Unit-heater group new orders do

Foundry equipment (new), new orders, netmo. avg. shipments 1957-59=100 •_

Furnaces (industrial) and ovens, etc., new orders(domestic), net _ _ mil. $__

Electric processing _ _ _ _ _ _ _do_ _Fuel-fired (exc for hot rolling steel) do

Material handling equipment (industrial) :Orders (new), index, seas, adj 0 1957-59=100-

Industrial trucks (electric), shipments:Hand (motorized) numberRider-type do

Industrial trucks and tractors (internal combustionengines) shipments number

Machine tools:Metal cutting tools:

Orders new (net), total mil. $Domestic do

Shipments total doDomestic do

Estimated backlog, end of period months—

Metal forming tools:Orders new (net), total mil. $

Domestic doShipments total do

Domestic doEstimated backlog, end of period- months. _

Other machinery and equip., qtrly. shipments:Construction machinery (selected types), total 9

mil. $__Tractors tracklaying total doTractors, wheel (con off-highway) doTractor shovel loaders (integral units only),

wheel and tracklaying types mil $Tractors, wheel (excl. garden and contractors'

off-highway types) mil $Farm machines and equipment (selected types),

excl. tractors _ mil. $ELECTRICAL EQUIPMENT

Batteries (auto, replacement), s hi pmentst— thous _ _Household electrical appliances:

Ranges (incl built-ins) sales total doRefrigerators and home freezers, output

1957-59=100-Vacuum cleaners sales billed thousW^ashers sales (dom and export) doDriers (gas and electric), sales (domestic and

export) thous

Radio sets, production§-_ _ _ doTelevision sets (incl. combination), prod.§.-.doElectron tubes and semiconductors (excl. receiving,

power and spec purpose tubes) sales mil $Motors and generators:

Neiv orders index qtrly 1947-49 ~~ 100New orders (gross) :

Polyphase induction motors, 1-200 hp mil. $__D.C. motors and generators. 1-200 ho _ — do_ _

i 954. 1171.6

11,207.326.5

31.2107.5.1357

10.5113.2

568.042.6

2, 170. 6342.6

1, 810. 81,227.2

1, 426. 01, 162. 12, 680. 1

182.374.9

218.6

114.913.757.5

152. 0

6, 8917,129

36, 171

976. 50808. 90791. 80636. 75

6.3

388. 70353. 30228. 20200. 85

10.9

1 1, 523. 7i 392. 6

128.7

i 352. 9

i 679. 2

954.0

30, 627

1, 965. 0

140.84, 506. 74, 189. 6

1 1, 826. 4

19, 1769,570

653.0

178

183.236.3

1,005.273.1

1,343.85.9

30.1145.4.1450

9.2115.3

585.535.7

2, 244. 5304.8

1,647.21, 107. 9

1,389.41, 127. 52, 616. 4

208.666.9

322.5

152.821.675.2

186.3

8, 2029,994

41,746

1, 176. 001, 054. 40

958.60830. 55

7.6

319. 30297. 75287. 85259. 80

9.9

1 739 8439.7151.3

408.2

828.1

1, 057. 0

30, 528

2, 065. 0

147.8i 5, 106. 91 4, 347. 1

1 2, 098. 4

24, 11811,028

757.0

215

210.144.6

82.86.5

109.81.2

20.277.6

' . 1450

.78.0

39. 851.6

179.525.4

94.056.2

87.372.5

215.9

374.1

9.4

4.6

172.6

540663

2,604

96.0585.7077.7568.20

6.6

20.1517.7521.2519.40

9.5

1,800

161.7

162.0397.8298.0

91.9

1,782757

59.4

19.53.2

86.96.8

113. 3.4

25.2102.4.1450

.56.4

42.148.6

170.025.6

82.357.3

97.482.3

192.1

192.9

11.3

5.3

170. 3

557820

3,242

74.7567.1082.4571.75

6.4

24.0522.5527.9024.80

9.0

1,735

144.1

160.5329.6315.0

83.3

1,793751

57.5

17.6. 3.7

82.66.5

115.5.3

23.3102.3.1450

.78.4

46.347.9

199.231.4

110.377.5

107.388.7

205.0

53 619 0

274.6

9.7

5.1

191.2

765848

3,625

93.6587.1083.7571.15

6.5

40.8539. 7026.0023.55

9.4

521.7120.551 9

114.9

209 5

295.5

2,015

176.3

159.8367.9388.7

109.0

3 2, 1713946

63.3

228

19.43.8

85.15.4

96.9.5

26.9110.6.1450

.611.4

43.444.6

153.919.7

158.8106.4

116.696.0

214.0

280.6

18.3

6.7

171.4

742842

3,497

95.6084.7569. 4560.70

6.8

26.7026.0520.2017.75

9.4

2,145

148.5

125.1329.2356.1

127.7

1,757596

52.3

16.24.4

84.96.4

113.9.4

29.2128.2.1450

1.011.6

58.841.2

191.527.1

186.5120. 3

140.4112.2206.2

387.0

10.5

6.0

192. 6

558695

3,378

106.8095. 4057.5550.10

7.3

24.5522.9520.3518.85

9.7

2,531

163.4

87.6376.6398.6

213.3

1,764819

63.4

15.53.6

84.05.3

117.0.2

27.3129.3.1450

1.013.1

64.836.1

226.631.7

227.6141.8

174.4136.1226.4

53.516.0

316.9

12.62.07.2

183.0

745899

3,729

99.8587.0080.8070.90

7.6

25.6024.0021.2018.95

9.8

407.798.439 9

91.3

161.5

244.4

3,512

186.0

145.3497.7430.6

274.2

3 2, 2143 1, 230

72.4

212

19.23.2

87.56.0

117.8.2

30.3130.8.1450

.912.4

68.435.9

212.726.1

259.0185.5

169.0132.5234.2

295.0

11.41.36.8

211.0

8101,015

3,910

99.2593.0091.0575.60

7.6

35. 2033.4524.3021.9010.3

3,686

174.0

160.1534.4397. 2

279.1

2,3121,086

70.0

15.94.2

84.26.0

116.5

27.2124.5.1450

.911.0

53.732.8

190.022.1

144.1105.6

118.695.3

208.2

339.5

13.82.07.7

205.6

837983

4,144

110. 50100. 2577.9567.25

7.7

27. 1525.0522.9519.5510.4

3,387

184. 1

147.5543.5370.4

234.3

2,0741,044

68.9

18.13.1

89.15.2

113.2.8

30.1145.4.1450

.79.0

40.235.7

196.523.9

82.957.3

111.291.8

246.7

55.217.6

371. 8

14.22.67.9

231. 8

8831,228

4,052

128. 50116. 50109. 1098.15

7.6

27.6023.9530.3027.55

9.9

393.5105.727.6

106.6

236.9

225.4

3,085

198. 3

159.7431.4357.1

238. 8

32,4173 1, 208

73.8

217

18.74.7

89.96.0

112.5

32.2158.1.1450

.88.7

45.135.4

162.518.2

61.144.6

89.572.6

225.3

267.2

16.31.6

'10.7

209.7

722965

3,531

126. 50115. 5079.3070.20

8.2

29.7526.1023.3522.2510.0

2 37. 0

277.3

2,654

176.8

170.3434.5317.4

186.7

1,874915

'71.3

58.2'4.2

79.95.7

116.1.1

29.7' 156. 0

.1450

.77.1

'42.1'36.7

180.719.6

'82.6'47.8

'86.3'71.3207.4

198. 2

13.71.86.1

210.1

749776

3,619

135. 45121. 1083.0073.55

8.7

30. 5029.4028.7026.1510.2

238.6

283.8

2,918

182.8

176.2517.0364.7

193.2

1,862924

68.9

510.0'5.2

85. 46.2

127.0.1

28.8166.3.1450

.67.7

46.742.3

227.223.6

88.352.7

88.573.9

236.6

274.0

16.11.79.9

9201,087

4,159

'155. 85'137. 45'105. 05' 94. 25

'9.1

'31.25' 28. 65' 30. 45' 28. 75'10.0

246.7

2 107. 9

' 2, 042

' 177. 4

151.6549.6397.7

180.2

32,26031, 239

81.1

248

511.25.5

.1

33.2

.1450

244.6

25.63.5

16.4

907932

3,980

133.75117. 7584.3076.60

9.6

22.9021.4526.9025.40

9.5

1,771

201.0

192.6429.0351. 6

128.0

'1,824'907

69.14.8

39.9

.1450

* 1,786p 891

' Revised. » Preliminary. * Revised total; monthly revisions are not available.2 For month shown. 3 Data cover 5 weeks: other months, 4 weeks. 4 Less than 50

tons. s Excludes new orders for motors 1-20 hp.; in Mar. and Apr. 1966, domestic sales ofthis class totaled $10,800,000 and $10,700,000, respectively. ASee similar note, p. S-33.

cfProducers' stocks elsewhere, end of May 1966, 9,600. 0Revised back to 1963 to in-

corporate new seasonal factors. 9 Includes data not shown.J Data reflect adjustment to the 1963 Census of Manufactures; revisions back to 1963 are

available.§ Radio production comprises table, portable battery, auto and clock models; television

sets cover monochrome and color units.




1964 | 1965

Annual

1965


1966


PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production thous. sh. tonsExports doPrice, wholesale, chestnut, f.o.b. car at mine

$ per sh. ton..Bituminous:

Production thous. sh. tons

Industrial consumption and retail deliveries,total 9 thous. sh. tons

Electric power utilities _ d o _ _ _Mfg. and mining industries, total _do_ _

Coke plants (oven and beehive) do

Retail deliveries to other consumers. _ do__ _

Stocks, industrial and retail dealers' , end of period,total 9 thous. sh. tons

Electric power utilities _ _doMfg. and mining industries, total do

Oven-coke plants do

Retail dealers do

Exports do

Prices, wholesale:Screenings, indust. use, f.o.b. mine

$ per sh. ton__Domestic, large sizes, f.o.b. mine do

COKEProduction:

Beehive thous. sh. tons__Oven (byproduct) _ _ __.. doPetroleum coke§ do

Stocks, end of period:Oven-coke plants, total do

A t furnace plants _ _ _ _ _ _ _ _ _ d oAt merchant plants. _ do_ __

Petroleum coke doExports.- do

PETROLEUM AND PRODUCTS

Crude petroleum:Oil wells completed ___ number.Price at wells (Okla.-Kansas) $ per bblRuns to stills t--_ _- mil. bbl _Refinery operating ratio % of capacity.

All oils, supply, demand, and stocks : JNew supply, total mil. bbl._

Production:Crude petroleum. _ _ _ _ _ _ doNatural-gas liquids, benzol, etc... _ _ _ d o _ .

Imports:Crude petroleum do. .Refined products _. .. do _ _ .

Change in stocks, all oils (decrease,—) do

Demand, total __ _. _ _ _ _ _ _ doExports:

Crude petroleum .do —Refined products do

Domestic demand, total 9 _ _ _ d o _ _Gasoline doKerosene do

Distillate fuel oil doResidual fuel oil doJet fuel ___ _ do

Lubricants.. _ __ _ _ _ _ _ doAsphalt doLiquefied gases do_

Stocks, end of period, total _ _ _ d o _Crude petroleum doNatural-gas liquids. _ _ _ _ _ doRefined products .. do_ _

Refined petroleum products: }Gasoline (incl. aviation) :

Production doExports _ doStocks, end of period.... do

Prices (excl. aviation) :Wholesale, ref. (Okla., group 3 ) _ _ $ per galRetail (regular grade, excl. taxes), 55 cities

(1st of following mo.) $ oer eal_

17, 1841,575

13. 895

486, 998

431, 116223, 032187, 75888, 757

19, 615

75, 34252, 66122, 30510, 081

376

47, 969

4.7986.895

1,23660, 90816, 865

1,9711,708

2621, 359

524

20, 6202.92

3, 223. 387

4, 036. 1

2, 786. 8422.5

438.6388.1

3.7

4, 032. 4

1.472.5

3, 958. 51, 685. 5

178.4

750.4554.6118.6

45.8120.2247.9

839.2230.135.7

573. 5

1 687 48.0

199.5

.102

.200

15, 4441851

12. 979

510, 000

458, 969242, 729196, 53494, 620

19, 048

77, 39353, 43723, 60310, 506

353

i 50, 181

4,7946.926

1,54264, 92417, 208

2, 6992,445

2541,4781834

18,7612.92

3,300.887

4, 190. 8

2, 848. 5441. 6

452.0448.7-2.9

4, 193. 7

1.166.8

4, 125. 92 1, 720. 2

297.6

776.0586.4

2 220. 6

47.0127.6260.8

836.3220.335.9

580. 2

2 1 704 42 4.9

2 183. 1

.113

.208

1 17145

12. 005

41, 686

35, 86618, 32316, 4798,144

1,019

65, 48944, 97320, 3499,576

167

4 268

4.8046.582

1505,5691 332

1 2251,095

1301,539

59

1,4782.92

262.385

353.2

236.836.7

38.141.612.2

341.0

.26.3

334.5140.9

6.3

61.054.917.6

3.87 7

18.5

802.9251.429.7

521.8

133 44

217.4

.113

.208

1,31373

12. 005

41, 903

35, 41718, 63216, 1748,430

528

68, 69247, 71320, 7639, 749

216

4 707

4.8066. 551

1365,7811,390

1 136993143

1,56460

1,3542.92

272.985

346.8

238.336.8

39.032.923.9

323.0

05.8

317.2149 6

4.3

45.839.619.7

4.212 316.9

826.7255. 135.0

536.7

137 95

205 6

.113

.208

1 62693

12. 005

43, 068

35 58419,29215, 7628,119

442

71, 41849, 85721,3119,970

250

5 069

4.7996.595

1645,5661 407

1 118982136

1,54869

1,5832.92

273.187

340.9

232.435.2

39.933.313.3

327 5

.16.2

321.2155 2

4.5

41.838.618.2

4.315 717.1

840.1253.638.7

547.8

141 67

192.6

.113

.213

1 25682

12. 495

34, 042

36 13520,01815, 4818,161

564

66, 14947, 48218, 4077,744

260

4 231

4.7996.645

1495,5981 475

1 1771 017

1601,511

63

1,5212.92

288.789

345. 5

237.636. 6

40.730.613.2

332 3

.45 7

326.2156 7

4.9

44.337.818 6

4.117 217 1

853.2242 143.6

567.6

148 53

185 1

.113

.209

1 29288

12. 495

46, 228

37 54521, 05115, 5628,120

840

69 30849,24419, 7688,484

296

5 086

4.7866.833

1545,5491 489

1 2711, 085

1811,460

99

1,7842.92

286.189

347.4

240.236.5

40.829.910.9

336.5

05.7

330.8154.4

5.9

47.936.820.0

4 017 817 9

864.1236 446.7

581.0

150 44

181 8

.113

.211

1 364129

12.495

43, 344

36, 19819, 93614, 9107,504

1,266

70, 41850, 41119, 7158,253

292

5 160

4,7907.017

855,2081,443

1,4841,278

2061,418

73

1,8442.92

270.286

329.1

222.535.0

43.228.44.3

324. 8

05.2

319.6142.5

6.0

49.837.519 6

4.015 519.0

868.4231.146.9

590 4

140 53

180 3

.113

.210

1 269108

12. 985

46 596

38, 13620, 06616, 2377,457

1,748

73,00052, 01720, 6919 107

292

5 560

4.7957.144

725,1581 358

1 9181 690

2271,414

65

1,3752.92

281.787

357.4

244 137 9

39 136.212.1

345 3

.25 1

340.0147 0

7 7

56 945 818 2

3 814 721 9

880.5231 845.9

602 8

142 43

176 6

.113

.209

1,25569

12. 985

46 356

39 13220, 55216,4237,074

2,078

75 22653 12521, 7369 743

365

4 627

4.7947.203

644,9291 412

2 3412 103

2391,411

77

1,6062 92

276.088

345.0

239 638.0

32.035.4-7.6

352 6

.15 5

347.0140 1

9.4

71.746.818 6

3 89 4

24.0

873.0

42.5603 7

142 54

179 2

.113

.213

1 28666

12. 985

46 585

42 85122, 64617, 5567, 397

2,625

77 39353 43723, 60310 506

353

3 542

4.7947.228

755,1021 553

2 6992 445

2541 478

78

1, 6852 92

287.289

369.6

253 639 2

27 949 0

—36.6

406 2

(3)

5 3400. 9149 012 7

92 965 919 4

3 75 4

33 1

836.3220 335 9

580 2

151 41

183 1

.113

.210

89556

13.580

42 090

45 15724 06317 9047,538

3,189

71 88949 77921 83310 137

277

2 854

4. 7947.247

945 1841 558

2 7892 548

2421 550

64

1 0502 92

290.690

378.3

250 538 9

42 046 9

—16.6

394 9

15 1

389.7132 614 1

96 165 918 6

4 13 7

34 8

819.8221 428 9

569 5

152 52

203 5

.113

213

99984

13 580

40 200

40 56421 26316 3547,200

2,947

69 05547 19721 6309 870

228

3 166

4.8047.247

944 8951 352

2 6962 504

1921 546

67

1,3942 92

261.390

346.8

231 736 0

34 744 5

—23.1

370 0

o5 6

364.4126 012 1

88 464 717 6

3 63 5

30 5

796.6225 424 7

546 4

133 82

212 2

113

.210

1 08249

13. 580

r48 200

41 02121 63117 5218,171

1,865

73 52648 97324 36211 318

191

3 512

r 4. 798'7.005

1085 5981 478

2 6272 442

1851 584

68

1 5172 92

285.388

389.5

258 139 5

38 853.19.4

380 1

.16 2

373.8145 4

8 7

76 565 919 9

4 66 1

27 2

806.0236 326 4

543 4

146 32

214 2

.105

211

1 28950

pl2 250

30 545

38 02820 32416 5587 818

1 102

68 12146 91920 9998 646

203

3 937

f 4. 798*>6 704

1005 402

2 3452 172' 173

118

p 2 92

\

j> .113

212

1 230

45 255

.218

* Revised. * Preliminary. 1 See note "O" for p. S-21.2 Beginning Jan. 1965, gasoline excludes special naphthas; aviation gasoline represents

finished grades only (alkylate excluded); commercial jet fuel (formerly included with kerosene)is included with jet fuel.

3 Less than 50,000 bbls.9 Includes data not shown separately.§ Includes nonmarketable catalyst coke.I Revisions for Jan.-Oct. 1964 will be shown later.




1964 1965

Annual

1965


1966


PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products:}:— ContinuedAviation gasoline:

Production mil. bblExports do _Stocks end of period do

Kerosene:Production __ do __Stocks end of period doPrice, wholesale, bulk lots (N.Y. Harbor)

$pergal__Distillate fuel oil:

Production mil bblImports do _Exports doStocks end of period doPrice, wholesale (N.Y. Harbor, No. 2 fuel)

$ per gal-Residual fuel oil:

Production mil. bblImports doExports doStocks end of period doPrice wholesale (Okla No 6) $ per bbl

Jet fuel (military grade only) :Production mil. bblStocks end of period do

Lubricants:Production doExports doStocks end of period doPrice, 'wholesale, bright stock (midcontinent,

f o b Tulsa) $ per galAsphalt:

Production mil bblStocks end of period do

Liquefied petroleum gases :

ip „/? _ frnrn crQcnlinp nlant<> do

Stocks (at plants, terminals, underground, and

Asphalt and tar products, shipments:T? YI rotumg, t _ _ uu&. vl

Shinsles all tvpes do

Asphalt siding... ,___ ._doInsulated siding _ _ _ do _

127.85.49.1

169. 536.2

.096

742.411. 85.4

155.8

.086

266. 8295.818.940.41.50

108.09.9

63.718.214.1

.270

114. 914.2

59.2189. 6

31.8

71, 07526, 21844, 857

720680995

148.614.21-8.3

194.5i 24. 1

.098

765.413.03.7

155.4

.090

268.6344. 614.956.21.83

i 191. 2118.7

r 62. 916.713.3

.270

123.616. 2

56.1200.2

32.0

72, 69628, 58444, 112

645603973

3.8.3

9.0

6.918.7

.095

58.6.8.2

82.8

.087

22.034.11.4

34.51. 75

15.820.0

5.31.9

13.7

.270

8.323.3

4.514.5

25.3

5,2161,9923,224

374768

4.3. .4

8.5

6.621. 0

.095

61.51.2.3

99.4

.087

21.324.6

.940.11.75

16.920.0

5.61.7

13.4

.270

12.223.5

4.913.0

31.1

6,0702,1973,874

406175

4.0.7

8.2

7.023.4

.095

58.7.5.2

116.6

.087

20.923.61.0

45.21.75

15.720.5

5.11.3

12.9

.270

12.120.7

4.812.8

35.3

7,2152,5914,625

507089

4.2.3

8.2

6.725.3

.095

65.5.9.3

138.5

.087

21.622.11.3

50.21.80

16.821.0

5.41.4

12.8

.270

14.418. 5

4.912.3

40.1

7,6342,8564,778

526695

4.1.3

8,5

6.626.0

.095

66.41.6.3

158. 4

.087

21.120.41.3

53.81.85

16.019.8

5.4.9

13.3

.270

14.616.2

4.813.1

43.5

8,5463,3225,224

7065

109

4.1.3

8.7

6.926.9

.098

62.81.1.5

172.0

.090

19.520.01.0

55.11.90

16.017.9

5.11.4

13,0

.270

13.514.8

4.314.6

43.8

7,7663,1304,636

726993

3.8.2

8.4

8.127.3

.100

65.71.3.1

182.0

.092

22.427.51.1

58.41.95

16.518.2

5.11.6

12.8

.270

12.613.2

4.317.5

42.8

7,2792,9874,292

756382

3.9.4

8.0

8.326.3

.100

66.11.1.3

177.3

.092

22.826.11.0

59. 71.95

16.218.6

5.11.2

12.9

.270

9.813.9

4.219.6

39.4

5,5992,2943,305

624573

3.9.1

8.3

10.424.1

.103

70.11.1.3

155. 4

.095

24.638.51.0

56.21.95

16.618.7

5.51.4

13.3

.270

7.316.2

5.122.9

32.0

4,5801,9822,598

473166

3.7.1

8.5

10.320.2

.103

70.11.1.4

130.0

.095

26.337.81.1

53.61.90

16.818.9

5.61.1

13.8

.270

6.619.5

5.424.0

24.3

, 4,9872,0562,932

442180

3.3.1

9.1

9.817.9

.103

62.8.6

1.0104.0

.095

22.237.31.1

47.61.80

15.719.2

5.11.2

14.1

\270

6.022.4

4.921.1

20.1

3,6011,4902,111

301756

3.3.2

9.2

9.518.7

.103

64.7.8.3

92.8

.095

23.842.81.9

46.81.60

18. 920.1

5.41.3

13.6

.270

8.024.5

5.31.7.9

21.1

4,8292,0622,767

363667

p. 102

p. 092

v 1. 55

P . 270

PULP, PAPER, AND PAPER PRODUCTS

PULP WOOD AND WASTE PAPER

Pulpwood:

Consumption. _ _ _ doStocks, end of period. _ do

Waste paper:Consumption.. _ _ _ _ thous. sh. tons.Stocks, end of period. _ _ _ _ do

WOODPULPProduction:

Total, all grades - thous. sh. tons _Dissolving and special alpha _ do _ -Sulfate. __- doSulfite do

Groundwood _ __do

Soda, semichem., screenings, e t c _ _ _ _ . _ do_Stocks, end of period:

Total all mills doPulp mills. ' _ _ _ • _ _ _ _ do -_Paper and board mills _. _ _ do. _Nonpaper mills _ _ __ do_ _

Exports, all grades, total • _ _ _ _ _ _ _ _ _ _ _ d oDissolving and special alpha _ _ doAll other. _ _ _ _ _ _ ._ . _ _ _ _ _do _ _

Imports all grades total doDissolving and special alpha. _ _ _ _ do_All other. _ _ _ _ __do _ _

PAPER AND PAPER PRODUCTS

Paper and board:Production (Bu. of the Census) :

All grades, total, unadjusted.- -thous. sh. tons_.Paper doPaperboard.. doWet-machine board. . _ _ _ _ doConstruction paper and board do_ _

49, 87249,711

4, 843

9,493596

32, 4291,457

20, 0062,685

3, 5961,6213, 063

78122846292

1,602581

1, 021

2,922272

2,650

41, 74818, 18019,663

1483,797

50,45250, 7405, 770

9,914573

33, 2961,486

20, 5142,789

3,9201,4733,113

73025339582

21,4022535

897

3, 127280

2,847

43,74719,02020,760

1353,833

4,0384,2684,695

831522

2,764122

1,694239

323128256

72326837778

1475890

25125

226

3,6821,6111,736

11323

4,1904,3654,429

836515

2,900132

1,787242

342125271

73527837483

1324885

24423

221

3,7201,6091,776

12324

3,9353,9894,613

854518

2,646110

1,605242

324125239

74828438184

1074364

28826

263

3,5751,5321,688

13341

4,2344,1104,856

720555

2, 680113

1,657218

319125247

76328140082

1195267

24523

222

3,4191,4881,599

8324

4,3794,3514,985

833532

2,917134

1,822238

337122263

76630238381

1094267

26523

242

3,7461,6081,788

11340

4,2704,0855,268

840520

2,700120

1,678220

305121256

74329037578

1104169

25325

228

3,6261,5441,730

11342

4,6114,6645,328

899511

2,949130

1,817258

334126284

75031136970

1234974

26123

237

3,9111,677,858

365

4,2284,3835, 317

842512

2,894119

1,811232

339119275

73930036673

1013368

30624

282

3,7511,6271,789

11324

4,4414,0725,770

804573

2,626124

1, 606217

320113247

73025339582

1295673

27023

247

3,6241,5731,754

12286

4,2474,5745,412

848486

2,918141

1,808230

337121281

69826535975

1285871

24222

220

3,8471,7001,845

11291

4,1924,2935,320

'808M64

2,750124

1,715213

315118265

'682252

'35179

1265670

24923

226

r 3, 651r 1, 587' 1, 759

11'295

4, 8434,6515, 428

929481

3,052140

1, 908242

342131289

67724235481

1255670

30327

276

4,0341,7471, 941

12333

15346

108

25420

234

'Revised. * Preliminary. 1 See note 2 for p. S-35. 2 See note "O" for p. S-21. JRevisions for Jan.-Oct. 1964 will be shown later.


June 1966 SUKVEY OF CUERENT BUSINESS S-37


1964 1965

Annual

1965


1966


PULP, PAPER, AND PAPER PRODUCTS—Continued

PAPER AND PAPER PRODUCTS— Con.

Paper and board— ContinuedNew orders (American Paper and Pulp Assoc.) :

All grades, paper and board thous. sh. tonsWholesale price indexes:

Printing paper _ _ 1957-59 = 100. _Book paper, A grade - doPaperboard __ _ _ _ _ • _ _ _ . doBuilding paper and board do

Selected types of paper (APPA):Fine paper:

Orders, new _ thous. sh. tons-Orders , unfilled , end of period do _ _ _

Production _ _ _ _ _ • _ ___ doShipments.- __ __ _ -_do. _

Printing paper:Orders, n e w _ _ _ _ _ _ _ _ d oOrders, unfilled, end of period do

Production __ __ _ _ do_ __Shipments do

Coarse paper:Orders, new. . _ _ _. __ __ _do_ .Orders, unfilled, end of period do

'Production _ _ __ . _do ___Shipments do

Newsprint:Canada:

Production _ doShipments from mills _ _ . doStocks at mills, end of period do

United States:Production^ _ _ _ _ _ _ _ _ _ _ _ d oShipments from mills doStocks at mills, end of period _ _ -—do __

Consumption by publisherscf __ __ doStocks at and in transit to publishers, end of

period _ _ _ thous. sh. tons

Imports doPrice, rolls, contract, f.o.b. mill, freight allowed

or delivered $ per sh ton

Paperboard (National Paperboard Assoc.) :Orders, new (weekly a vg.) thous. sh. tonsOrders, unfilled, end of period - _ doProduction, total (weekly avg.) _ _ do

Percent of activity (based on 6.5-day week)Paper products:

Shipping containers, corrugated and solid fiber,shipments J mil. sq. ft. surf, area

Folding paper boxes, shipments, index of physicalvolume 1947-49=100

41, 646

101.4109.496.594.2

2,23498

2, 2442,237

5,800437

5,6235,623

4,392190

4,3524,331

7,3017,310

178

2,2612, 273

22

6,031

585

5, 954

134. 23

38656338488

137, 261

125.7

44, 296

101.4110.696.493.0

' 2, 460"164

'•2, 410' 2, 446

' 6, 198'510

' 5, 993' 5, 993

' 4, 590'210

' 4, 591' 4, 564

7,7207,747

150

2, 1802,183

19

6,387

573

6,323

132. 40

14171796

41090

148, 312

128. 2

3,733

101.4110.796.392.3

213136

203201

511488

497497

388224

389392

622677311

18318820

544

544

500

132. 40

41769241091

12, 181

125.7

3,800

101.4110.796.392.7

208135

201207

512508

504504

384226

392380

648691268

19819621

570

526

515

132.40

44174242392

11. 871

121.7

3,631

101. 4110.796.392.7

209145

200206

519522

503503

367232

359361

634697205

16917119

527

560

581

132. 40

41276040589

12, 403

133.7

3,632

101. 4110. 796.393.5

200161

186196

530558

471471

357226

357358

651642209

16816720

477

619

518

132. 40

384818359

78

11, 747

120. 8

3, 747

101. 4110.796.393.3

202157

204208

510518

493493

392235

390382

663646225

19618927

517

634

525

132. 40

41281841690

12, 523

131.1

3,664

101.4110.796.493.4

197153

197198

517543

507507

357219

371374

637637225

16016720

509

626

574

132.40

41384841590

13, 167

137. 2

3,934

101.4110. 796.593.8

209156

211208

550554

534534

396227

395391

686694217

18217823

591

580

539

132. 40

44484444194

13,633

137.5

3,708

101.4111.596.593.3

220163

206220

476500

503503

379199

'392393

693717193

19319224

589

570

538

132.40

43784744394

13, 375

128.4

3, 556

101.4111.596.592.7

'207'154

'208'214

'502'510

'505'505

'379'210

'376'379

648691150

18118619

576

573

627

132. 40

38679341489

12, 812

136.2

3,970

101.4112.796.792.7

'230'158

'219'230

'553'522

'527'526

'400'214

'404'396

675610215

19719125

526

586

551

132. 40

43885542193

'12,044

122.9

3,694

101.4113.596.792.7

209155

189203

524556

497497

375222

370370

654617253

18518427

498

619

509

132.40

45390244695

'11,848

115. 9

4,190

101.4113.597.092.7

*241*167

P208P230

*606P604

P547"547

*>437P245

P419Mil

738688302

20321020

586

624

633

132. 40

47194445095

'14,043

' 140. 2

» 4, 017

101.4113.597.092.6

702732272

19219120

576

641

570

P134. 40

45397345094

'13,068

' 129. 5

4691, 025

46697

13, 477

r> 128. 8

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

Consumption thous. Ig. tonsStocks, end of period- do _Imports , incl. latex and guayule _ _ _ _ _ do _Price/wholesale, smoked sheets (N.Y.)__$ per lb__

Synthetic rubber:Production. _ thous. Ig. tonsConsumption doStocks , end of period _ _ _ do_ _Exports do

Reclaimed rubber:Production . _ _ _ . do __Consumption doStocks, end of period do

TIRES AND TUBES

Pneumatic casings:Production _ _ _ ___ __ ___thous_

Shipments, total ._ _ doOriginal equipment doReplacement equipment doExport _ do

Stocks , end of period doExports (Bu of Census) do

Inner tubes:Production. __ _ . . _ _ . _ _ _ •_ _ _ _ _ do__Shipments . . d oStocks, end of period doExports (Bu. of Census) _ do

481. 5086.85

441. 19.252

1, 764. 941, 451. 51

297. 13321. 26

276. 26263. 1930.08

158, 113

150, 48848 045

100, 3692,075

37, 5531 589

42, 43741 89011,454

896

514. 71100. 01445.32

.257

1,813.991,540.87311. 95

2 281. 78

280. 29269. 54'30 16

167, 854

* 169, 06058 280

107, 9052,875

37 0592 2 381

41,34241 93611 839

2 1, 189

45.0187. 3452.92.276

153.26130. 20307. 6535.08

25.6224.2829 84

14, 633

15, 4085 3419 782

285

40 601211

3, 7933 410

11 225102

41.0193.8731.72.283

155. 61122.20317. 81

29.27

22.1921.2730 22

13,228

14 6885 0499 439

200

39 515208

3,0793 070

11 334100

42. 1695,6842.22.268

144. 86126. 30315. 3723.87

23. 12-22.7829 60

13,460

15 6055 336

10 033236

37 207199

3,2903 438

11 26682

36. 5597.0430.66.258

141. 35108. 25325. 2624.32

21.0820.0329 96

12, 174

14 2274 2229 689

316

35 036250

3 2073 297

11 196128

40.5796. 2028.42.248

148. 59119.51323.5624.87

22.6020.8030 88

12, 822

12 1452 2159 682

248

36 095173

3,2513 521

11 01577

43.9896.9639. 90.243

137. 70131. 44311. 08

21 70

22.3822.2030 39

13, 921

14 8634 178

10 441244

35 110191

3 4553 413

11 145123

46.1496.4441.91.241

156. 52140. 48304.81

25 17

23.4324 0329 06

15, 331

16 0735 557

10 206310

34 442259

3,5133 589

11 045174

45. 4198.3643.91.241

157. 87133. 44302. 9923.79

22.8321.4528 84

14, 194

13,7095 5118 017

181

35 083183

3, 2433 058

11 33699

44.26100.0144.57.243

166.12135. 82311.9523.32

24.6622. 7530 16

14, 839

13, 0625 3867,472

205

37, 059156

3,4833 021

11 839108

46.9498.7028.31.245

168. 88137. 78320. 4623 31

23.3223.0628 93

15, 308

13, 9124,9878,729

195

38 366140

3, 5074 351

11,21671

' 44. 34'93.73

44.94.258

153. 07'131.54'317.01

29.91

22.84' 21. 88'28 72

14, 605

12, 2224 8447 181

196

40 833180

3,, 5583 742

11 17964

51.0190.5940.27.258

169. 52150. 02309. 9730 00

27.1924. 5530 05

16, 275

15,8555, 527

10, 079249

41, 441211

3,9834 480

10, 69987

44.33.244

26 11

175

125

.241

r Revised. » Preliminary. 1 Beginning Jan. 1965, monthly data are 4-week averagesfor period ending Saturday nearest the end of the month. Annual data for new orders are52-week averages: those for unfilled orders aie as of Dec. 31. 2 See note "O" for p. S-21.

ef As reported by publishers accounting for about 75 percent of total newsprint consumption.I Revisions for Jan. 1964-Feb, 1965 will be shown later,

c Corrected.


S-38 SURVEY OF CUREENT BUSINESS June 1966


1964 1965

Annual

1965


1966


STONE,. CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Shipments, finished cement ._ . thous. bbl

CLAY CONSTRUCTION PRODUCTS

Shipments:Brick, unglazed (common and face)

mil. standard brickStructural tile , except facing thous sh tonsSewer pipe and fittings, vitrified • doFacing tile (hollow) , glazed and unglazed

mil brick equivalentFloor and wall tile and accessories, glazed and un-

glazed mil so ftPrice index, brick (common), f.o.b. plant or

N Y. dock 1957-59=100

GLASS AND GLASS PRODUCTS

Flat glass, mfrs.' shipments thous. $

Sheet (window) glass, shipments doPlate and other flat glass shipments do

Glass containers:Production thous gross

Shipments, domestic, total doGeneral-use food:

Narrow-neck food doWide-mouth food (incl. packers' tumblers,

lellv classes and fruit iars) thous gross

Beverage doBeer bottles _ doLiquor and wine do

Medicinal and toilet doChemical household and industrial doDairy products do

Stocks, end of period do

GYPSUM AND PRODUCTS (QTRLY)

Crude gypsum, total:Imports thous sh tonsProduction do

Calcined production total do

Gypsum products sold or used, total:Uncalcined uses doIndustrial uses doBuilding uses:

Plasters:Base-coat doAll other (incl Keene's cement) do

Lath mil sq ftWallboard doAll other do

!366 304

7, 743. 8311 4

1, 837. 2

353 4

286 0

107.1

324 955

144 753180 202

189 414

184, 773

20 829

50 721

17, 66433, 25216, 756

36 7647, 3661,421

25, 375

6 24610, 684

9 440

4,562292

972993

1 4957 542

253

*373 563

8 089.2313 3

1 732 2

326 9

282 7

108 4

354 308

140 559213 749

201 327

195 380

21 548

53 582

20 28336 13517 273

38 3816 9131 265

26 802

5 91110, 516

9 316

4,462319

828967

1 3668, 075

270

29, 987

700.027 3

147.5

27 0

24 3

107.8

16 684

12, 813

1 176

2 838

1,5412,7611,082

2 77654198

24, 074

34, 416

758.329 6

165.9

26 8

23 6

107.8

' 17 672

15 732

1,398

3 931

2,2773,3551,221

2 94752479

25, 733

39, 192

787.826.5

185.4

29.7

26 4

107.8

86 153

32 64353 510

18 600

17, 948

1 664

4 636

2,4653,9151,352

3 27555289

26, 112

1,6302,622

2,365

1,30087

237263

3782,149

79

39, 439

761.326.2

171.0

31 1

24 0

107.8

18 460

16, 894

2,080

4 431

2,0893,8521,155

2,69250986

26, 812

41, 242

768.228.9

175.5

30.6

24 8

108.8

19 333

18, 361

2,830

4 976

1,7643,3571,382

3,371564117

27, 314

37, 531

743.727.5

166.3

30.3

24.7

109.2

89, 869

38 84851 021

16 733

17 393

2 886

4 929

1,3712,8381,488

3 193560128

26, 401

1,7342,838

2,505

1,25177

210266

3712,124

73

39, 418

749. 529.2

155.6

28.5

23.4

109.2

18, 227

16, 638

1, 932

5 030

1,3792,3321,759

3, 548552106

27, 537

31,446

714.026 1

138.8

28 3

22.1

109.4

16, 206

15, 870

1,489

4 707

1, 4272,5301, 723

3,367514113

27, 518

25, 117

645.623 7

118.8

28.1

21.6

109.8

96, 489

39,76956 720

15, 219

15, 715

1,403

4 193

2,1312,6941,447

3,200520127

26, 802

1,4752,690

2,313

1,09679

173227

3112,073

67

17 327

464. 320.494.5

23.1

22 5

109.9

16, 745

14, 715

1,431

4 369

1,1462,4141, 248

3,50151294

28, 466

16, 982

421.016.782.9

21.7

21.5

110.4

16, 352

14,298

1,537

3 964

1,4132,2161,366

3,24746095

30, 370

28, 779

748.122.8

152.9

26.5

25.8

110.7

'18,658r 17, 785

r 2, 035

»-4 356

' 2, 034' 3, 302' 1, 571

' 3, 864"531r92

30, 801

30, 883

110.7

17, 679

16, 435

1,677

3 853

2,2053,2611,468

3,366502103

31, 977

TEXTILE PRODUCTS

WOVEN FABRICS

Woven fabrics (gray goods), weaving mills fCloth woven total Q mil linear yd

Cotton doManmade fiber do

Cotton doManmade fiber do

Orders unfilled total end of period Q H doCotton doIVCanmade fiber do

COTTON

Cotton (exclusive of linters) :Production:

GinningsA thous running balesCrop estimate, equivalent 500-lb. bales

thous balesConsumption doStocks in the United States, total, end of period

Domestic cotton , total doOn farms and in transit doPublic storage and compresses doConsuming establishments do

Foreign cotton, total do.__

12 6729 1363 289

1 068661386

3 7572 5001 161

15 140

15 1828 940

91 QOQ

21 8171 655

18 7061 456

112

13 0379' 2623' 517

1 139676442

4 1403 023

999

14 916

14 9569 296

90 7^723 6522 505

19 6191 528'105

1 026736269

953572356

4 2823 0671 099

735

17 42717 339

47515 0801 784

88

1 050751276

979588367

4 4323 1531 159

742

ic 440

16363511

14 0991 753

80

2 1 25828932337

1 038621394

4 4093 1211 168

•2897

1 C I KR

15 082427

13 0561 599

74

823581905

1 027615390

4 2413 0251 110

180

595

14 29014, 223

23012, 5211 472

67

1 036730285

5 1 094636

5 437

4 2163 0191 088

922

733

28 40128, 30614, 62012, 5121 174

95

2 1 25828832351

1 108649440

4 1452 9491 092

3,663

2886

27 36627,26512, 15714, 0371 071

101

1 034733282

1 100655427

4 1393 0201 018

8,920

742

26 30126, 2027 544

17, 4571 201

99

1 027729282

1 097'654423

4 1803 0461,016

11, 718

751

25 05624, 9564,915

18, 6321,409

100

21 17128272321

1 139676442

4 1403 023

999

3 12,691

2831

23 75723, 6522,505

19, 6191,528

105

'280

'430

r 1, 008

4 14, 481

753

22 61722, 5161,130

19, 7411,645

101

293

422

1,078

753

21 69221, 596

69819, 1881, 710

96

373

409

1,084

14, 916

2947

20, 41320,323

13118, 3811,811

90

758

19,54219,460

35417, 3601, 746

82r Revised. 1 Beginning Jan. 1965, excludes finished used in prepared masonry cement

(2,734 thous. bbls. in 1964); annual totals include revisions not distributed to the months.2 Data cover 5 weeks; other months, 4 weeks. 3 Ginnings to Dec. 13. 4 Ginnings toJan. 15. 5 See note "cf."

f Beginning 1964, data are not strictly comparable with figures for earlier periods because ofrevised fabric classifications and the inclusion of manmade fiber drapery fabrics.

9 Includes data not shown separately.

d" Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,toweling, and blanketing, and billed and held stocks of denims. Effective Aug. 1965, stockscover additional manmade fiber fabrics not previously included.

^Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; productionand stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting,toweling, and blanketing.

ATotal ginnings to end of month indicated, except as noted.




1964 1965

Annual

1965


1966


TEXTILE PRODUCTS—Continued

COTTON— Continued

Cotton (exclusive of linters)— ContinuedExports thous. balesImports _ _ _ doPrices (farm), American upland cents per IbPrices, middling 1", avg. 15 markets do

Cotton linters :Consumption thous. balesProduction doStocks, end of period do

COTTON MANUFACTURESSpindle activity (cotton system spindles) :

Active spindles, last working day, total _ milConsuming 100 percent cotton do

Spindle hours operated, all fibers, total bilAverage per working day. do

Consuming 100 percent cotton tioCotton yarn, natural stock, on cones or tubes:

Prices, f.o.b. mill:20/2, carded, weaving. _ $ per lb__36/2, combed, knitting§ .do

Cotton cloth:Cotton broad woven goods over 12" in width:

Production (qtrly ) mil lin ydOrders, unfilled, end of period, as compared with

avg. weekly production _ No. weeks' prodInventories, end of period, as compared with

avg weekly production No weeks' prodRatio of stocks to unfilled orders (at cotton

mills) end of period seasonally adjustedMill margins _ _ _ cents per lb_Prices, wholesale:

Denim, mill finished cents per ydPrint cloth, 39 inch, 68 x 72 do .Sheeting, class B, 40-inch, 48 x 44-48 do

MANMADE FIBERS AND MANUFACTURESFiber production qtrly total mil Ib

Filament varn (rayon and acetate) doStaple incl tow (rayon) doNoncellulosic, except textile glass:

Yarn and monofilaments* doStaple incl tow* do

Textile glass fiber doExports:

Yarns and monofilaments thous IbStaple, tow, and tops do

Imports:Yarns and monofilaments _ _ doStaple tow, and tops do

Stocks, producers', end of period:Filament yarn (rayon and acetate) mil IbStaple, incl. tow (rayon) _ _ _ doNoncellulosic fiber, except textile glass:

Yarn and monofilaments* doStaple incl tow* do

Textile glass fiber doPrices, manmade fibers, f.o.b. producing plant:

Staple' Rayon (viscose) 1 5 denier $perlbPolyester 1 5 denier* do

Yarn* Rayon (viscose), 150 denier doManmade fiber and silk broad woven fabrics:

Production (qtrly ) total 9 mil lin ydFilament yarn (100%) fabrics 9 do

Chiefly rayon and/or acetate fabrics doChiefly nylon fabrics do

. Spun yarn (100%) fabrics (except blanketing) 9

Rayon and/or acetate fabrics and blendsdo

Polyester blends with cotton doCombinations of filament and spun yarn fabrics

mil lin ydExports piece goods fhous so yd

WOOLWool consumption, mill (clean basis) :

Apparel class mil IbCarpet class do

Wool imports, clean yield* doDuty-free (carpet class)* do

Wool prices, raw, clean basis, Boston:Good French combing and staple:

Graded territory, fine $ per lb_.Graded fleece, % blood __do _ _

Australian, 64s, 70s, good topmaking do

WOOL MANUFACTURESKnitting yarn, worsted, 2/20s-50s/56s, American

system wholesale price 1957-59 ~~ 100Woolen and worsted woven goods, exc. felts:

Production (qtrly ) mil lin ydSuiting, price (wholesale), flannel, men's and

boys', f.o.b. mill 1957-59=100..

5, 241118

i 29.6i 30.7

1 3961 572

709

18.715.3

124 6.471

103 6

.630

.892

8 966

18.2

5.2

.303 29. 49

36.64 16. 5

17.4

3 018 0777 5594 3

847 6559 1239 5

116 47356 411

9,202133 695

32 651.3

76. 957 536.8

28.98.78

3 545 41,583.1

852.2283 1

1 260 4

665 6456 8

472 4185 263

233.9122 7212.3113. 9

1.3971.2861.389

107 9

255 2

95.9

3 79599

1 4061 635

735

18.914.7

128 0.493

102.9

.629

.891

9 238

20.3

4 5

2337.51

34.918.617.5

'3, 532. 2825 0648 0

r997 7r779 2r 282. 3

6 99 9236 50 763

15, 690130 108

59 855.8

r 109. 3r96 7

32 2

2885

.80

3 926 21, 640. 6

855.8303 9

1 534 6

643 3713 5

519 46 167 083

274 7112 3271 6108 9

1. 2491.1921.156

107 8

267 3

100. 2

4074

29 230.8

112132800

18.715.19.9

.4978.1

.622

.878

19.1

3.9

.2036. 49

34.918.517.5

11 0417 492

1,0878 892

32 952.4

28.84.78

18 797

22.58 7

30.211.0

1.1951. 1301.075

105 7

96.8

2514

29 930.8

112105768

18.815.210.1.5068.2

.622

.878

19.1

3.9

.1937.30

34.918.817.5

7 5594 686

9709,781

33 555.5

28.84.78

14 660

22.18 7

20.67.8

1.1951.1451. 075

106.2

101. 1

3982

30.130.9

213371

715

18.715.0

212.3.492

2 9. 8

.627

.885

2,374

19.5

4.1

.2037.49

34.918.817.5

»• 880. 5207 9164.2

r 246 8191.969.7

10, 0714,976

1, 5649,505

34 560.6

'89.857.033.7

28.84.78

981.1416.7219.677 2

374 4

162.0171.9

131 313 494

2 27.32 10 8

23.010.5

1.1951. 1551.075

106 7

73 4

101.7

2663

30.030.7

8653

671

18.815.08.3

.4176.7

.632

.889

24.2

5.1

.2137.97

34.918.817.5

8,0812, 840

1,0239,689

40 169.6

.28

.84

.80

11 148

19.56 5

22.511.7

1.2181, 1721.100

107.1

101.7

11753

28.930.0

10644

605

18.915.110.1.5068.1

.632

.898

18.8

4.0

.213 38. 31

34.918.817.5

8,1893,336

1,11413,412

46 373.0

.28

.84

.80

11 910

23.28.7

25.511.1

1.2651.2201.225

109.0

101.7

2263

29.529.7

2 138123572

19.015.0

212.3.49329.8

.637

.900

2 189

18.6

4.1

.2138.57

34.918.817.5

' 905. 0210.5162.0

r 251. 7209. 771.1

8,2824,034

1,31312, 670

52.971.1

r 109. 173.837.0

.28

.84

.80

960.6398.4209. 174 0

379 1

152.4179 7

127 313 869

227.12 10.9

25.910.3

1.2751.2531.225

109. 0

66 8

102.4

3046

29.429.7

119188641

19.015.010.3.5178.2

.637

.903

18.7

4.0

.2238.62

34.918.817. 5

7,5163,058

1,19812, 507

55.368.5

.28

.84

.80

14 839

22.69.4

23.812.0

1.2751.2551.225

109.0

102. 4

3701

29.029.6

110200680

19.115.010.4.5228.3

.642

.910

19.0

4.1

.2338.58

34.918.817.5

8,8213,404

1,61012, 537

55 660.3

.28

.84

.80

14, 953

21.19.3

21.16.8

1.2791.2351.225

109.0

102.4

44715

27.929.5

2 131190735

18.914.7

2 11.8.47029.3

.642

.916

2 310

20.3

4.5

.2338.77

34.918.817.5

910.7203 3156 4

'260 5••214 4'76. 1

8 9034,856

1,98913, 859

59 855.8

' 109. 3r96 732.2

28.84.80

1 Oil 5408.3205.576 0

419 6

154.5210 7

123 815 798

225.6210.121.17.4

1.2801.2351.225

108.4

61.2

102.4

27816

26.629.5

118193777

18.914.710.4.5228.2

.647

.926

38.78

34.918.817.5

7 7374,173

1,42118, 130

61 658.7

28.84.80

12 912

23.49 0

28.19.1

1.2801.2351.225

109.6

102.4

2546

26 629.5

116179811

18.814.610.5.5258.2

.652

.934

38. 77

34.918.817. 6

9 1144 204

81010, 700

61 156.7

28.84.80

13 711

r 23. 3•-9.124.07.0

1.2911.2291.225

109.6

102.7

2366

27.929.5

r 2 143168

r833

19.214.7

213.0.518

210.0

.652r.938

38.58

34.918.818.0

938. 2201 7167 0

271 4220 277.9

10 0296 181

1,09416, 247

r60 153.9

112. 989 924 5

2884

.80

16 413

2 29. 22 11.3

33.010.8

1.3251. 2251.235

110.2

102.7

1776

28.529.5

123113839

19.214.710.5.5258 0

P. 657P. 940

38.71

P35.6P18.8p 18.0

5 66 85 55 0

8 5094 902

1,13221 488

58 052.8

v 28p. 84P. 80

14 600

26.99.5

1. 3501.2251.275

110.2

102.7

28.529.6

38.72

1.3751.2251.275

r Revised. p Preliminary. ! Season average. 2 por 5 weeks; other months, 4 weeks.3 Margins reflect equalization payments to domestic users (Aug. 1964-July 1965, 6.5 cents;beginning Aug. 1965, 5.75 cents per pound). 4 For 11 months; price not available for Sept.1964. s For month shown. « See "Q," p. S-21.

§Data beginning Aug. 1965 are not strictly comparable with earlier prices.

9 Includes data not shown separately.*New series. Sources: Polyester staple price, U.S. Dept. Labor; wool imports, U.S. Dept.

Agriculture from Bureau of the Census records (such imports exclude animal hairs). Dataare available as follows: Price, back to 1955; noncellulosic yarn and staple—production, to1951; stocks, to 1953; wool imports, to 1948.




1964 1965

Annual

1965


1966


TEXTILE PRODUCTS—Continued

APPAREL

Hosiery, shipments _ _ _ thous. doz. pairs-Men's apparel , cuttings: J

Tailored garments:Suits _ _._thous. units _Overcoats and topcoats __do

Coats (separate) , dress and sport doTrousers (separate) , dress and sport. . d o

Shirts (woven fabrics), dress and sportthous. doz

Work clothing:Dungarees and waistband overalls doShirts - do

Women's, misses', juniors' outerwear, cuttings: JCoats thous. unitsDresses _ _ _ _ - __doSuits - do

Blouses, waists, and shirts thous. dozSkirts do

189,534

20,3433,956

10, 830128, 378

26, 946

4,8613,749

23, 708271, 21412. 235

18. 4937, 919

194. 753

22, 4194,436

12, 492139, 009

30, 321

4,8673,949

25, 509274, 54111, 736

16, 8699,906

15, 033

2, 059418

1 03412, 405

2 804

399324

81327, 879

678

1 505830

13, 905

1,889446

1,07311, 937

2 573

367308

1,34025, 067

518

1 359902

17, 289

1, 995485

1,09912, 465

2, 499

436331

2,35424, 311

903

1,445933

16, 120

1,181321

66110, 214

1,894

356261

2,30119, 086

988

1,2841,001

17, 105

1,858447

1, 06211, 937

2,439

410355

2, 43721, 932

904

1,291915

17, 620

1,897417

1, 01512,476

2,542

465322

2,35020, 660

975

1,305866

18,764

2.059449

1 10112. 309

2 641

485361

2,79421, 5911,035

1,489905

16,620

2,021359

1,13810, 983

2,735

409334

2, 63720, 1401,003

1,323655

15, 445

1, 731358

1,15710, 461

2,519

394339

1, 78819, 032

953

1 197561

15,015

1,766274

1,16111, 295

2 331

435341

16, 033

r 1, 787••245

rl 123r 11, 116

' 2, 406

••436''351.

18, 299

2, 116301

1,30713, 670

2,711

485406

16, 003

TRANSPORTATION EQUIPMENT

AEROSPACE VEHICLES

Orders new (net), qtrly. total mil. $U S. Government _do

Prime contract doSales (net) receipts or billings, qtrly. total do

U S. Government do

Backlog of orders, end of period 9 doTJ S Government do

Aircraft (complete) and parts doEngines (aircraft) and parts doMissiles, space vehicle systems, engines, propul-

sion units, and parts mil $Other related operations (conversions, modifica-

tions) products, services mil $

Aircraft (civilian)' Shipments© doAirframe weight 0 thous IbExports mil $

MOTOR VEHICLES

Factory sales, total _thous__Domestic do

Passenger cars, total— _doDomestic do

Trucks and buses, total doDomestic d^o

Exports, total doPassenger cars (new and used) doTrucks and buses do

Imports (cars, trucks, buses) , totalcf doPassenger cars (new and used) c? do

Shipments, truck trailers:C omplete trailers and chassis number

Vans doTrailer bodies and chassis (detachable), sold

separately numberRegistrations:©

New passenger cars thousForeign cars do

New commercial cars (trucks) do

RAILROAD EQUIPMENT

Freight cars (ARCI):Shipments number

Equipment manufacturers, total doRailroad shops, domestic... do

New orders doEquipment manufacturers total doRailroad shops, domestic _ _ _ - — _ _ _ - — - d o _ - —

Unfilled orders, end of period doEquipment manufacturers total doRailroad shops, domestic.. do___.

Passenger cars: Shipments doUnfilled orders, end of period

do.___

Freight cars, class 1 (AAR): §Number owned , end of period _. _thous_ _

Held for repairs, % of total owned

17, 97013, 51616,28216, 68612,815

15, 21811, 6586,2761,527

4,558

1,41.8

1,066.122, 905287.2

9,292.38,931.57,751.87, 554. 11, 540. 51, 377. 4

329.5176.7152.8

543,2526. 8

86,93851,836

7, 794

8, 065. 2484.1

1,361.8

69, 07445, 36023, 714

71,07244, 62726, 445

32, 94918,97213, 977

254

191

1,4955.9

22, 18214, 57120, 09917,01712, 535

20,38313, 6958,8852,502

5, 481

1, 855

1, 592. 032,200

r 1473.0

11, 057. 410. 716. 69.305.69,100.71. 751. 81. 615. 9

1 3 183. 01 3 115. 4

1 3 67. 5

599.7568. 4

103, 75665,909

14, 653

9.313.9569.4

1, 528. 9

77, 88053,37624, 504

' 88, 20465, 533

' 22, 671

45, 26632, 87312. 393

201

14

* 1,4815.3

>*

159.63,17451.8

1, 017. 7991.4861.0846. 9156.7144.5

16.610.16.5

66.765.1

9,3375,753

422

895.946.9

142.3

6,1664,0402,126

4.7533,0651,688

35,22519, 58915,636

29

90

1,4955.7

124.62,57434.3

986.0960.7832.7819.3153. 3141.4

13.88.25.6

42.441.8

9, 3905,923

642

841.449.5

130.8

5, 8733,9761,897

5,8395,241

598

35, 20720, 87514, 332

26

64

1,4955.7

5,1063,2984,5894,2063,081

16, 76211, 8247,0561,771

4,725

1 568

119. 12,472'23.2

1, 058. 61, 034. 3

894.0880. 9164.5153. 4

11.96.65.3

52.651.4

9,1345,544

1,156

841.549.3

135.2

6,8134,6592,154

8,5557,971

584

36, 74423, 98212, 762

22

62

1,4925.7

130.82,56224.1

880.1863.8754.0745.6126.1118.2

10.34.95.3

47.546.2

8,1745,261

1, 593

833.652.0

136.4

5,7843,7392,045

6,3305,586

744

37, 29325, 83211, 461

10

52

1,4915.8

145.22,86661.1

444.7433.9333.0330.4111.7103. 5

8.02.25.9

20.119.2

8,7525,627

1,146

766.754.3

129.7

5,0343,5831,451

8,7746,1612,613

40, 83228, 20912,623

13

39

1,4895.8

6,0923, 8615,5724,1343,017

18,72012,6698,5061,948

4,867

1,681

148.42,68257.9

592.0567.4452.9438.5139. 0129.0

13.17.75.3

49.246.7

8,6495,533

1,849

589. 551.7

122.6

6,3454,4291,916

7,8216,4411,380

42,37330, 29112, 082

9

30

1,4885.8

111.22,50817.7

1, 010. 2967.9855.6825.4154.6142.5

20.314.06.3

62.457.0

8,7605,716

2,402

745. 852.1

133. 1

7, 1124,8832,229

6,4295,691

738

41, 73531, 14010,595

0

10

1,4875.7

163.63,19547. 1

1, 058. 11,015.6908.5878.7149.6136. 9

21.616.64.9

68.060.3

8,3635,684

2, 469

793.947.3

122. 5

6,9834, 5982, 385

7,6615,6062,055

42, 73632, 47110,265

3

7

1,4885.6

6,2904,4525, 5974,6273,426

20,38313, 6958,8852, 502

5,481

1, 855

160.63,18649.5

1, 043. 01, 006. 7

883.8861.3159.2145. 4

25.116.58.6

60.556. 3

9,0626,060

2, 021

908.757. 1

147.7

8,8946,5122,382

' 10, 0095,850

' 4, 159

45, 26632,87312, 393

7

14

4 1. 4815.3

172. 73,59631.7

950.1921.1798.0780.4152.1140.7

18.912. 06.9

83.378.9

8, 5035,674

1, 488

606. 637. 0

109.2

7,7255,2972,428

8,4605,9062,554

46, 00433, 64412, 360

0

14

1,4795.3

' 169. 1r3,400

47.0

917.6889.9766. 3748.8151.3141.1

18.411.17.3

77.673.9

' 8, 489' 5, 593

' 1, 621

721. 648.8

129.0

6,2624,5501,712

12,56611,0641,502

51,76039, 87811,882

0

20

1,4805.4

186.83,61668.8

1, 089. 81, 061. 5

919.8902.0170.1159. 5

22.714.78.0

98.894.4

11, 4527, 527

2, 261

878. 859. 7

143.4

8, 0546,0092,045

'11,256' 9, 241

2,015

54, 72142,90511,816

0

20

1,4805.0

61.8

936.2935.5811.0793. 9152.3141.6

18.411.46.9

62.559.5

822.655.6

148.6

7,2625,6891,573

12, 2708,0074,263

59,65245, 21914, 433

0

20

4 1,4844.9

2 963. 5

2795.1

2 168. 4

r Revised. * See note "O" for p. S-21. 2 Preliminary estimate of production.3 Beginning Jan. 1965, data exclude exports of incomplete'(unassembled) vehicles.4 See note "§."$ Monthly revisions for 1963-64 are available upon request.9 Total includes backlog for nonrelated products and services and basic research.®Data include military-type planes shipped to foreign governments.

cTData cover complete units, chassis, and bodies.©Courtesy of R. L. Polk & Co.; republication prohibited.§ Excludes railroad-owned private refrigerator cars and private line cars. Effective Apr.

1966, data include cars owned by three class II roads (over 2,600 cars end of Apr. 1966). Also,change in definition of class I railroads, as stated in 1965 BUSINESS STATISTICS note, is reflectedin figures beginning Dec. 1965, instead of Jan. 1965.


TO

GeneralsBusiness indicators, . . . V, ,"; . ; . . » • , , . , . , * . , . . . « ' . , ' , „ 1-7Commodity prices. . , , , , . , . f . • . , . » , , < , . , . / . , . /« 7,8Construction and real e s t a t e . . , , , . , , , . . , , . 9,10Domestic trade, , » . . , , , . . . ' . . . , . . . . , , ' , \ , , . , r 10-12

Employment and population, . , , , . > , , , . . . , . . . . 12-16Finance. , . , , , . .v\ , , , J ; . . . 16-21Foreign trade of the United Sta tes , , . . , ;« , , ; . . 21-23Transportation and communications. .• , , . , . , ; . , ' , 23,24

Industry sChemicals and allied products. . , » ; . . * . . » ^ , . . . 25Electric power and gas , 26Food and kindred products; tobacco 26-30Leather and products, , 30,31

Lumber and products , ,'. • 31Metals and manufactures. , . . . „ , , , , , . _ , . 32-34Petroleum, coal, and products.,,,' , . . 35,36Pulp, paper, and paper products , ' . . . . ; . . , 36,37

Rubber and rubber products. , „ . . , , ' - . , , . . —'.. 37Stone, clay, and glass products. , , » ) . , ' 38Textile products , - , . . » . . . . . . . . 38-40Transportation equipment. — -., 40

INDIVIDUAL SERIESAdvertising.... . . . . . . . ' . , . . . . . ' , . . . . 10,11,16Aerospace vehicles . , , , . . , . » , , , . , . , , » 40Agricultural loans ' . . . ; , . , , . , , • . , . » 16Air carrier operations , . . . , , , , „ . , ' . , . . . 23Aircraft and parts. , , , , , , » • . . . . . , . , , , . . , , 3,6,13-15,40Alcohol, denatured and ethyl ,.,,,, 25Alcoholic beverages. , , ; . , , . . . . , . . . 0,10,26Aluminum . '.. '.,;... '..:.,. 23,33Apparel ;.... 1,3,4,7,8,10-15,40Asphalt and tar products » » , . ' , , , . . , . , 35,36Automobiles* etc . . . . 1,3-8,10,11,13-15,19,22,40

Balance of international payments ' . ' . . . , „ , :Banking. . . . »Barley.Barrels and drums. . . . . . . . . . , - . . , . . . . . : .Battery shipments. . . , . » . , , . . , . . . . . .Beef and veal . . . . , . . „ , , , , . . • , . . . > . . , , .Beverages . . , . . . . » » , 4,8,Blast furnaces, steel works etc. 5,6,Bonds, outstanding, issued, prices, sales, yields.»..Brass and bronze,'•.,..; —Brick. . . . . . . . . . . ' . , . . . . ; , . , : . . . ; . . . .V . ; .Broker's balances,....«: ^ , , , , . 3 , , , . , » , . . . .Building and construction materials 8,10,31,Building costsBuilding permits. . . . , , , » . . . . . . , , . . . ,Business incorporations (new), failures.»...Business sales and inventories.B u t t e r . , . , , ; . , , ,

16,1727333428

10,2613-1518-20

333820

36,389,10

91

4,527

Cans (tinplate),., 33Carloadings. ,,..,.. 24Cattle and calves, ,., 28Cement and concrete products 8-10, $8Cereal and bakery products, ',. 8Chain-store sales, firms with 4 or more and 11 or

more stores*.... ^ . . . . . . . . . l , , , . . , . . . > . . . . . . 12Cheese ,. i.....,,,....,....,.....;.,..... 27Chemicals . , , , . , . . , , , , . . . . . . , , 4-6,8,13-15,19,22* 25Cigarettes and cigars. ; . . /;; . . . » * • 8, 30Civilian employees, Federal. '.'..:. 14Clay products.. ; . . ,' ; „ . 8, 38Coal, . . . . . v , . , . ; . 4<8,13-15,22,24,35Cocoa. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . 23,29Coffee 1 . . , , . , , , , V. . . . . I , , , , , , . . , . , . , . . . 23,29Coke..,.,, ' . . . .,:.:,. i- 24,35Communications. . . , . . . . . . . . . , , , . , ; . .2,13-15,20,24Confectionery, s a l e s . . . . . . . . . . . . .,'; . — 29Construction:

Contracts.,.,,»,,..• . , . . , . . ; . 9Costs. ...;...:..-,'.. / , . . , . . . . . , , 9,10,Employment hours, earnings, wages,, ^ . . . . . . . . 13- 16Fixed investment, structures, . « ,'„ , „ . . . . ; 1Highways and r o a d s , . , : , . . . . . . ; . . . . . 9» 10Housing starts.. ; , 9New construction put in place. • „ , . , , . , 9

Consumer credit...... — • . ; , , . . . . . . . . . . . . . . . . . 17,18Consumer expenditures.. . . . . . . .», i . . , . , . , . , . . . 1Consumer goods output, index. I . , , . . . . . , 3,4Consumer price I n d e x . , ' , , . . . , . 7Copper..., . , . . . . . . / , , . . . , . . . . . . . . . . . . 23,33Corn.- .; • , / , . , . , , , „ . , . . , , . . ,,..:. 27Cost of living (see Consumer price iridex),....... 7Cotton, raw and manufactures.;...,;./, 7, g, 22,38,39Cottonseed cak£ and meal and oil;. ',.»,.......; 30Credit, short- arid intermediate-term.,», 17,18Crops...... ; , , , , . . 3,7,27,28,30,38Crude oil and natural gas,..... 1 . « , , : , , . . . 4,13-15,35:Cutrencyiin circulation.,:.......... ' .,,;,.,.,;>,;, 19

Dairy p r o d u c t s , « , , , , » . . . / . ; . . . . . . . . . . . . . . . . 3,7,27Debits, bank,. . . . , J . , . . . / . . . . ; . i . , . < : , , , . 16Debt, U.S. Government. . . . . / , : . . . . ; . . . . . . 18Department stores.,.'. ., ' ; . . ' . . . . . 11,12,17Deposits, bank., , , . . . . , . . . . . . . , , . ; . . , ; . . . ; ; . 16,17,19Disputes, industrial, * „ » , . , . . . . . , . . . . . . , , , , . . , . . 16Distilled spirits.!, , . . ; . . , , ; . , . , ; . . . ; . , . . . . , , , ^ 26Dividend payments, ratet, and yields; . . 2,3*10-21Drug stores, sales,... ; , . . . , . . . . 4 , , _ . ; ; . . . . . . . 11,12

Earnings, weekly and hourly. 14-16Eating and drinking places 11,12Eggs and poultry, ,,... .... 3,7,29Electric power. . , . . . . . . . . , . . . . . , , , . . 4,8,26Electrical machinery and equipment.. 3,

5,6,8,13-15,19,22,34Employment estimates, 12-14Employment Service activities 16Expenditures, U.S. Government.. 18Explosives ,.,,. 25Exports (see also individual commodities).... 1,2,21-23Express operations, 23

Failures, industrial and commercial. . . . . . . . . . . . . 7Fans and blowers , , , . . , . . , , , , . , . 34Farm income, marketings, and prices. , 2,3,7Farm wages ......;.., 16Fats and oils..., 8,22,29,30Federal Government finance 18Federal Reserve banks, condition of. 16Federal Reserve member banks 17Fertilizers..;.. . . . . . ' . , , , 8,25Fire losses. . . . . . , 10Fish oils and fish,.....,..... 1 ; 29Flooring, hardwood.,.,.•,- 31Flour, wheat... . . , . . , . ^ , 28Food products.... 1,4~«UO, 11,13-15,19,22,23,27-30Foreclosures, real estate. . , . , ; . . . . . . . , , . 10Foreign trade (see also individual commod.)..... 21-23Foundry equipment, 34Freight earloadings, ; . . . . . . . . . 24Freight cars (equipment) 4,40Fruits and vegetables 7,8,22Fuel oil. , , 35,36Fuels , 4,8,35,36Furnaces., , » . , . . . , , , . , . « , . , 34Furniture,.,,.., , . . . . . , , , , 3,4,8,11-15,17Furs. , . . . 23

Gas, output, prices, sales, revenues 4,8,26Gasoline , , , , . . . . . 1,35,36Glass and products. , 38Glycerin. . , , . . , , 25Gold , , , . , . . , . . . , 19Grains and products 7,8,22,24,27,28Grocery stores. 11, 12Gross national product , 1Gross private domestic investment. , , . 1Gypsum and products,,......, ; . . , . , , 8,38

Hardware stores. 11Heating equipment. 8,34Hides and skins , . , , , . . 8, 30Highways and roads. 9,10Hogs,..,... . ' . . . v. , 28Home Loan banks, outstanding advances.. . , , .», 10Home mortgages, . . » . , , , , , . , . , . , . , 10Hosiery . . . . . . . . , , . , , 40H o t e l s . . . . . , , . . . . , , . . . , . . , , . 14,15,24Hours of work per week. 14Housefurnishings,,, 1,4,7,8,10-12Household appliances and r a d i o s . . , , , . . , . , , 4,8,11,34Housing starts and permits. » , 9

Imports (see also individual commodities)., , , , 1,22,23Income, personal 2,3Income arid employment tax rece ipt s , . , . , , , , . . , , 18Iridustrial production indexes;

By industry........ ; . . : , . . . , . . . 3,4By market grouping. 3,4

Installment credit,, , 12,17,18Installment sales, department stores » ,, 12Instruments and related products.......... 3,5,13-15Insurance, life,... , . . ; . . ; . . , . . » , 18,19Interest and money ra tes . . , , . , . . . . . . . . , . . . . , . , -.. 17Inventories, manufacturers* and trade,. . . . . . 4-6,11,12Inventory-sales ratios. , , ; , . . » . . . , . . . . . . . . . . 5Iron arid steel...... 3,5,4 8,10,13-15,19,22,23,32,33

Labor advertising index, disputes, turnover.Labor force. , . , , . . . . .Lamb and mutton. . . . . . , ,Lard...,.,.,,,..;;;..., v . . , . lLead.

1612282833

Leather and products. . . . . . . 1 . , . , . . 3,8,13-15,30,31Life insurance.,. , , , , , . . , . , 18,19Linseed oil. 30Livestock...,,,,,,. , 3,7,8,24,28Loans, real estate, agricultural, bank, brokers*

(see also Consumer credit). , 10,16,17,20Lubricants...,,,,., /. , , . , . . , . . . . . . . . 35,36Lumber and products. . ' . . . , ' . . ; . . . . . . 3,8,10-15,19, 31

Machine toools. 34Machinery.... . . , , , . . . . . . , . , 3,5,6,8,13-15,19,22,34Mail order houses, sales. , . . . , , . , . . . . ...... 11Manmade fibers and manufactures. 8,39Manufacturers* sales (or shipments)^ inventories,- orders - . . , , , . , - , . , . . , . , , , . . . • . . , ' 4-6Manufacturing employment, production workers,

payrolls, hours, earnings. , . , , , , . . . . . . ,» , 13-15Manufacturing production indexes, 3,4Margarine^ 1 . , . . . . , , . v , . 29Meat animals and meats.. , , , . . ; . . . * 3,7,8,22,28Medical and personal care, <. , , , . . . . . . . \. 7Metals. 3-6,'8,13-15,19,22,23,32-34Milk.;../ ;,,;.;,;.,,,;.......-.,.,..,. 27Mining and minerals...:,.,...... -. 2-4,8,13-15,19, 20Monetary statistics, 19Money supply,............ . , , , , . „ , . 19Mortgage applications, loans,Crates,......... 10,16,17Motor carriers. . . , . , . . , . . . . , , 1 1..... 23,24Motor vehicles, '. 1,3-8,10,11,13-15,19,22,40Motors and generators, , , 34

National defense expenditures...... f , . » . . . . . . , . 1,18National income and product* /* , . . . . . . . . lt 2National parks, visits., . / .».. v . , . , . . . . . . . . / ; . . 24Newsprint.; -. .*,; . . . . \ , V . . ' . . ' ; V , ; , . . . ' . > , , ' . . V , ' . -23r37New York Stock Exchange, selected data, . . . .„'„ ?. 20,21Nonferrous metals ,'. „ 3* 8,19,23,33, 34Noninstallnient credit . , . , . . . . , ; " . . . « „ . . . . . . 17,18

Oats., , . , » , - . „ . , . , ; . . /,, , . , , , . , • , . . . . ; . . . . « '27'Qil burners, . . , , . , , , . . . . . /.. , . , . , . , , . , , , . , , , 34Oils and fats . . . . . . . . , . . . . , . , . , . , ; , . . 8,22, 29,30Orders, new and unfilled, manufactures' , ; 6Ordnance. . , , , . . . . . . . ,„ . . . . . . , . , . . . . . . . , ; 13-15

Paint and paint materials. . L . , » . . . , . . . ; , . , , . . . . 8,25Panama Canal traffic . , » „ . < ; , . . . , , , , , . , , . . . . , , 24Paper and products and pulp. . . . . . . . . . . . . . . . . . 3,

5,6,8,13-15,19,23,36,37Parity ratio. , . . , * / . . . . , ; . . . , < . . : , , , , , . . . , 7Passports issued. , . . . . , , , 24Payrolls, i n d e x e s . . » . . . . . , . , , « 14Personal consumption expenditures . .» . . , . . . . . . , , 1Personal income. * . . ' . , . , , . , , . , . , , . . , , , , . , , 2,3Personal o u t l a y s . . . . . . . , . . . . . . , . , , . , « 2Petroleum and products, „-.... 4-6,

8,11,13-15,19,24 23,35,36Pig iron 32Plant and equipment expenditures , . . . , , . . , , . . . , 2,20Plastics and resin m a t e r i a l s . . . . . . . . . . . . . . . . . . . . 25Population,.«„• , . . . , , . . , 12Pork, , , , , , . . . . , . . . . . . , . . . , . . . , . . , , 28Postal savings.... .. , 17Poultry and e g g s . , . . . . , . . . . , . . . . . , , , , . .3,7,29Prices (see also individual commodities)......... 7,8Printing and publishing. . , . . , , . . . . . . 4,13-15Profits, corporate;, 2,19Public utilities.,. ,, 2-4,7-9,13-15,18-21Pullman Company,, , 24Pulp and pulp w o o d . . . , . . . ; , . , » » 36Purchasing power of the dollar , , . . . , 8

Radiators and convectors.. , , . 34Radio and t e l ev i s ion . , ' . . . . . , , , . , . . , . . . , 4,8,10,11, 34Railroads, 2,13,14,16,18,20,21,24,40Railways (local) and bus l ines , . . . . . .» , , , , . , . 13—15,23Rayon and acetate , , . . . . , . , . 39Real estate. . , . , . . , 10,17,18Receipts, U.S, Government. » , . » , . . ; , , , , 18Recreation,. ^ . . . . . . . . . . . r . ; . . , . . . . . , , . . . . . . . . 7Refrigerators and home freezers 34Rent ( h o u s i n g ) . . . . . : , - , ' , , . , ' ' . , « . , . . , . . ' . . . , . . . « , 7Retail trade 4,5,7,11-15,17,18Rice. , . / , ; , . , , , , . 27Roofing and siding, asphalt. , . , , , . . . . < . . . ; . . . . , 36Rubber and products (incl. plastics),.... . . . 4-6,

8,13-15,23,37

Saving, personal, .L ,, 2Savings deposits 17Securities issued . . , , . . . . / . , . 19,20Security markets , 20,21Services. . . . . , , , . , , , , . . . , , . ; 1,7,13-15Sheep and lambs.... , .,,..;......... 28Shoes and other footwear....... . . . . . . 8,11,12,31Silver. . . , . , . . . ; . . 19Soybean cake; and meal and oil , , » 30Spindle activity, c o t t o n . . , , . . . . . , ; , , , . . : , . . , , , 39Steel ingots and steel manufactures.. .: , , , ^2,33Steel scrap. . . . . , . , . , . . , . ., 32Stock prices, earnings, sales, etc. « ;; , . 20,21Stone, clay, glass products. . . ' . ' . . . .. 3-5,8,13-15,19,38Stoves and ranges, . . . , , , , , . . 34Sugar , . , , ; , , . . ; , , , . 23,29Sulfur . . . . . . , . . . , . . , , , . , . ; 25Sulfuric acid ,. v . . . , , . , . . . . . , . . . . . . . . » . . 25Superphosphate., 25

Tea imports. , . , ' , , , , . . ' . , . , , , , . , , , , , 29Telephone, telegraph, cable, and radiotelegraph

carriers,.,,.,,.,, , , . ; , . . . . . . , , ; . . . . .13-15,24Television and radio 4,8,10,11,34Textiles and products, '...'. 3, 5,6,8,13-15,19,22,38-40

.*Tin,v; . ; . , . , . . . , , , , • . . ; , / , : . . ; . . . i; v . , • • ; . . . . . . . 23,33Tires and inner tubes. , 8, II, 12,37Tobacco and manufactures., : 4-8,10,13-15,22,30Tractors... . . , , . . . . . , . . . . .......,.. 22,34Trade (retail and whoelsale) . , , . . . , . . . . . ; , , 4, S, 11,12Transit lines, local. . , , . . . . , . . , , , , . , , . . , 23Transportation 1,2,7,13-1$, 23,24Transportation equipment..,. , , . 3-6,13-15,19,40Travel.,.,,, , ,..,. 1 . , , . , , 23,24Truck trailers , . . , . . . . , , » . . . . . 40Trucks (industrial and other). . . , , , , . . . . 34,40

Unemployment and insurance, » . . . . . . . . . . . , - , - , , , 12,16U.S. Government bonds. 16-18* 20U.S. Government finance, . , , , . . . . . . , , : 18Utilities . . . . , , , , . . . . . . . . 2-4,9,13-15,18-21^ 26

Vacuum cleaners. . . . . . . . . . . ' , , - , , , , 34Tariety stores. . 11,12Tegetable oils , . , . , . . V , ". 30Vegetables and fruits, . » . , , , , , . . , , , , 7,8,22Vessels cleared in foreign trade. 24Veterans* benefits,.., . , . . . , , , . , , . . . . . . 16,18

Wages and salaries. ,2,3,14-16Washers and driers.. . . . . , . . . . . , / . . . ; . . . - . ' . 34Water heaters, ',.'.',"> , , ; 34Waterway trafiic. . . . , , : . : 24Wheat and wheat flour ,: , , 28Wholesale price indexes . , , . , . . . i . , . , . , * , . 8Wholesale trade, ; .4,5,7,13-15Wood pulp.. , ; . , , . . . 36Wool and wool manufactures., . . . ; . . . . . , , , , 7,8,23,39

2Snc .',,;..:....'.. 33,34


UNITED STATESGOVERNMENT PRINTING OFFICE

1INGTON. D.C.

POSTAGE AND FEES PAIDO . - S . GOVERNMENT PRINTING OFFICE

First-Class IV

Volume 46 Survey of Current Business Numbers 1-6

First-Half 1966 Indexol Special Articles and Features

SPECIAL ARTICLES

National Income and Product in 1965The Production Expansion in PerspectiveThe Balance of PaymentsEmployment—Prices—Finance.Federal Programs for Fiscal 1967...Growth Patterns in Employment by County,

1940-1950 and 1950-1960Business Investment and Sales Programs for

1966—Substantial Advances Anticipated.....The Balance of International Payments: Fourth

Quarter of 1965

No.11112

Page

31316194

9

16

No. Page

Total and Per Capita Personal Income, 1965—Record High in All States and Regions. . . . . . .

Recent Financial DevelopmentsA Quarterly Econometric Model of the United

States: A Progress ReportForeign Travel Payments Continue To Rise in

1965....The U.S. Balance of International Payments in

the First Quarter of 1966

78

13

15

18

FEATURES

Corporate Profits Rise.Manufacturers' Inventory and Sales Expecta-

tions for the First Half of 1966.Revised Projections of Foreign Plant and Equip-

ment Expenditures by Affiliates of U.S. Firms.First Quarter 1966 GNP

• No.3

Page3 Meat and Poultry Prices.

Residential Construction ActivityCapital Investment To Rise Throughout 1966.. .Manufacturers' Inventory and Sales Expecta-

tions—Second and Third Quarters 1966

No.566

Page538

13

LATEST SUPPLEMENT

Business Statistics—1965 Edition

Price $2

Orders may be placed with the Superintendent of Documents, U.S. Government PrintingOffice, Washington, D.C., 20402, or the nearest U.S. Department of Commerce Field Office.

Check or money order should be sent with orders.


SCB_061966

Documents

Transcript of SCB_061966