ERP1971 Appendixes 3

Appendix C

STATISTICAL TABLES RELATING TO INCOME,

EMPLOYMENT, AND PRODUCTION

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


CONTENTSNational income or expenditure: Page

G-l. Gross national product or expenditure, 1929-70 197G-2. Gross national product or expenditure, in 1958 prices, 1929-70 198C-3. Implicit price deflators for gross national product, 1929-70 200C-4. Gross national product by major type of product, 1929-70 202G-5. Gross national product by major type of product, in 1958 prices,

1929-70 203C-6. Gross national product: Receipts and expenditures by major economic

groups, 1929-70 204C-7. Gross national product by sector, 1929-70 206C-8. Gross national product by sector, in 1958 prices, 1929-70 207C-9. Gross national product by industry, in 1958 prices, 1947-69 . 208C-10. Personal consumption expenditures, 1929-70 209C-l 1. Gross private domestic investment, 1929-70 210C-12. National income by type of income, 1929-70 211C-l 3. Relation of gross national product and national income, 1929-70. . . . 212C-14. Relation of national income and personal income, 1929-70 213C-15. Disposition of personal income, 1929-70 214G-l 6. Total and per capita disposable personal income and personal con-

sumption expenditures, in current and 1958 prices, 1929-70 215C-17. Sources of personal income, 1929-70 216G-18. Sources and uses of gross saving, 1929-70 218G-19. Saving by individuals, 1946-70 219C-20. Number and money income (in 1969 prices) of families and unrelated

individuals, by race of head, 1947-69 220

Population, employment, wages, and productivity:C-21. Population by age groups: Estimates, 1929-70, and projections,

1975-85 221C-22. Noninstitutional population and the labor force, 1929-70 222C-23. Civilian employment and unemployment, by sex and age, 1947-70. . 224C-24. Selected unemployment rates, 1948-70 225C-25. Unemployment by duration, 1947-70 226C-26. Unemployment insurance programs, selected data, 1940-70 227C-27. Wage and salary workers in nonagricultural establishments, 1929-70. 228C-28. Average weekly hours of work in private nonagricultural industries,

1929-70 230C-29. Average gross hourly earnings in private nonagricultural industries

and in agriculture, 1929-70 231C-30. Average gross weekly earnings in private nonagricultural industries,

1929-70 232C-31. Average weekly hours and hourly earnings, gross and excluding over-

time, in manufacturing industries, 1939-70 233C-32. Average weekly earnings, gross and spendable, total private non-

agricultural industries, in current and 1967 prices, 1947-70 234C-33. Average weekly earnings, gross and spendable, in manufacturing

industries, in current and 1967 prices, 1939-70 235C-34. Indexes of output per man-hour and related data, private economy,

1947-70 236

193


Production and business activity: PageC-35. Industrial production indexes, major industry divisions, 1929—70 237C-36. Industrial production indexes, market groupings, 1947—70 238C-37. Industrial production indexes, selected manufactures, 1947-70 239C-38. Manufacturing output, capacity, and utilization rate, 1948-70 240C-39. Business expenditures for new plant and equipment, 1947-71 241C-40. New construction activity, 1929-70 242C-41. New housing starts and applications for financing, 1929—70 244C—42. Sales and inventories in manufacturing and trade, 1947—70 246C—43. Manufacturers' shipments and inventories, 1947—70 247C—44. Manufacturers' new and unfilled orders, 1947—70 248

Prices:G-45. Consumer price indexes, by major groups, 1929-70 249C-46. Consumer price indexes, by special groups, 1935-70 250C-47. Consumer price indexes, selected commodities and services, 1935-70. . 251C-48. Wholesale price indexes, by major commodity groups, 1929-70 252C-49. Wholesale price indexes, by stage of processing, 1947-70 254C—50. Percentage changes from previous month in indexes for major

groupings of the consumer price index, 1968—70 256C—51. Percentage changes from previous month in indexes for major

groupings of the wholesale price index, 1968-70 257

Money stock, credit, and finance:C-52. Money stock, 1947-70 258C-53. Bank loans and investments, 1930-70 259C—54. Total funds raised in credit markets by nonfinancial sectors, 1962—70.. 260C-55. Selected liquid assets held by the public, 1946-70 262C-56. Federal Reserve Bank credit and member bank reserves, 1929-70 263C-57. Bond yields and interest rates, 1929-70 264C-58. Short- and inter mediate-term consumer credit outstanding, 1929-70. . 266C-59. Instalment credit extended and repaid, 1946-70 267C—60. Mortgage debt outstanding, by type of property and of financing,

1939-70 268C-61. Mortgage debt outstanding, by lender, 1939-70 269C-62. Net public and private debt, 1929-69 270

Government finance:C-63. Federal budget receipts and outlays, 1929-72 271C—64. Federal budget receipts, outlays, financing, and debt, 1961—72 272C-65. Relation of the Federal budget to the Federal sector of the national

income and product accounts, 1969-72 274C—66. Receipts and expenditures of the Federal Government sector of the

national income and product accounts, 1948-72 275C-67. Public debt securities by kind of obligation, 1946-70 276C-68. Estimated ownership of public debt securities, 1939-70 277C—69. Average length and maturity distribution of marketable interest-

bearing public debt, 1946-70 278C-70. Receipts and expenditures of the government sector of the national

income and product accounts, 1929-70 279C-71. Receipts and expenditures of the State and local government sector of

the national income and product accounts, 1946-70 280C—72. State and local government revenues and expenditures, selected fiscal

years, 1927-69 28 1

194


Corporate profits and finance: Page

C-73. Profits before and after taxes, all private corporations, 1929-70 282C—74. Sales, profits, and stockholders' equity, all manufacturing corpora-

tions (except newspapers), 1947-70 283G-75. Relation of profits after taxes to stockholders' equity and to sales, all

manufacturing corporations (except newspapers), by industry group,1949-70 284

C-76. Sources and uses of funds, nonfarm nonfinancial corporate business,1959-69 286

C-77. Current assets and liabilities of U.S. corporations, 1939-70 287C-78. State and municipal and corporate securities offered, 1934-70 288C-79. Common stock prices, earnings, and yields, and stock market credit,

1939-70 289C-80. Business formation and business failures, 1929-70 290

Agriculture:

C-81. Income of farm people and farmers, 1929-70 291C-82. Farm production indexes, 1929-70 292C-83. Farm population, employment, and productivity, 1929-70 293C-84. Indexes of prices received and prices paid by farmers, and parity ratio,

1929-70 294C-85. Selected measures of farm resources and inputs, 1929-70 296C-86. Comparative balance sheet of the farming sector, 1929-71 297

International statistics:

C-87. U.S. balance of payments, 1946-70 298C-88. U.S. merchandise exports and imports, by commodity groups,

1958-70 : 300C-89. U.S. merchandise exports and imports, by area, 1964-70 301C—90. U.S. overseas loans and grants, by type and area, fiscal years,

1962-70 302C-91. International reserves, 1949, 1953, and 1965-70 303C-92. U.S. reserve assets, 1946-70 304C-93. Price changes in international trade, 1962-70 305C-94. Consumer price indexes in the United States and other major in-

dustrial countries, 1957-70 306

General Notes

Detail in these tables will not necessarily add to totals because of rounding.Unless otherwise noted, all dollar figures are in current prices.

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

195



NATIONAL INCOME OR EXPENDITURETABLE CM.—Gross national product or expenditure, 1929-70

(Billions of-dollars]

Year or quarter

1929.....

19301931..1932.193319341935.1936.193719381939

19401941..194219431944...1945..1946194719481949

195019511952 -1953195419551956195719581959

I960...1961196219631964196519B6196719681969

1970"

1968: I

I I I . .IV

1969' LIL .III.IV..

1970: I.I I . .III.

Totalpross

nationalproduct

103.1

90.47*.858.055.665.172.?*7.590.484.790.5

99.7174. R157.9191.6210.1211.920*. 5231.3257.6256.5

284.8378.4345. 5364.6364.839*. 0419.2441.1447.3483.7

503.7520.1560.3590.563?. 4684.9749.97P3.9865.0931.4

976.8

Per-sonalcon-

sump-tion

expend-itures^

834.9858.1875.8891.4

907.6923.7942.6951.7

959.5971.1985.5990.9

77.2

69.960.54R.645.851.355.761.966.563.966.8

70. R80.68R.599.3

10S.3119.7149.41*0.7173.6176.8

191.0206.3216.7230. 0236.5254.4266.7281.4290.1311.2

375. 2335.2355.1375.0401,24*>. 8466.3497.1535.8577.5

616.8

Grossprivate

do-mesticinvest-ment*

16.2

10.35.61.01.43.36.48.5

11.86.59.3

13.117.99.85.77.1

10.630.634.046.035.7

54.159.351.952.651.767.470.067.960.975.3

74.871.783.087.194.0

108.1121.4116.6126.5139.8

135.8

Netexportsof goods

andserv-ices'

1.1

1.0.5.4.4.6.1.1.3

1.31.1

1.71.3.0

- 2 . 0- 1 . 8- . 67.5

11.56.46.1

1.83.72.2.4

1.82.04.05.72.2.1

4.05.65.15.98.56.95.35.22.51.9

3.6

Government purchases of goods and services^

Total

8.5

9.29.28.18.09.8

10.012.011.913.013.3

14.024.859.688.696.582.327.025.131.637.8

37.959.174.781.674.874.278.686.194.297.0

99.6107.6117.1122.5128.7137.0156.8180.1200.2212.2

220.5

Total

1.3

1.41.51.52.03.02.94.94.75.45.1

6.016.951.981.189.074.217.212.516.520.1

18.437.751.857.047.444.145.649.553.653.7

53.557.463.464.265.266.977.890.799.5

101.3

99.7

Federal

Nationaldefense«

1.

1.1.1.

Other

3

455

2.03. 02.94.4.5.

1.2

2.213.849.479.787.473.514.79.1

10.713.3

14.133.645.948.741.238.640.344.245.946.0

44.947.851.650.850.050.160.777.478.078.8

76.6

974

3.9

3.83.12.51.41.6.7

2.53.55.86.8

4.34.15.98.46.25.55.35.37.77.6

8.69.6

11.813.515.216.817.118.421.522.6

23.1

Seasonally adjusted annual rates

519.7529.1543.8550.8

561.8573.3582.1592.6

603.1614.4622.1627.6

119.8127.3126.5132.6

136.0139.3143.8140.2

133.2134.3138.3137.5

1.83.43.41.4

1.31.32.62.6

3.54.14.22.7

193.6198.3202.1206.7

208.5209.9214.1216.3

219.6218.4221.0223.2

96.498.9

100.7101.9

100.999.8

102.5102.1

102.399.798.698.4

76.377.878.679.2

78.677.979.878.8

79.376.875.874.6

20.121.122.122.7

22.421.922.723.3

23.022.922.923.8

Stateandlocal

7.2

7.87.76.66.06.87.17.07.27.68.2

8.07.97.77.47.58.19.8

12.615.017.7

19.521.522.924.627.430.133.036.640.643.3

46.150.253.758.263.570.179.089.4

100.7110.8

120.8

97.299.4

101.4104.7

107.5110.1111.6114.2

117.4118.7122.4124.8

'See Table C-10 for detailed components.'See Table C-ll for detailed components.»See Table C-6 for exports and imports separately.< Net of Government sales.• This category corresponds closely to the national defense classification in the "Budget of the United States Govern-

ment for the-f iscal Year ending June 30,1972."

Source: Department of Commerce, Office of Business Economics.

197Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE C-2.—Gross national product or expenditure, in 1958pricesy 1929-70

[Billions of dollars, 1958 prices]

Year orquarter

1929..

1930..1931..1932._1933..1934..1935..1936..1937..1938..1939..

1940..1941..1942..1943..1944.1945..1946..1947..1948.1949.

19501951195219531954195519561957..19581959

I960....1961196219631964....1965....1966....1967...1968 ...1969

1970 v

1968: I . —II...III..IV...

1969: I...II..III..IV..

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

otaljrossna-ionalrod-uct

!03.6

83.5.69.3.44.241.554.369.5.93.0!03.292.9109.4

227.2263.7297.8337.1361.3355.2312.6309.9323.7324.1

355.3383.4395.1412.8407.0438.0446.1452.5447.3475.9

487.7497.2529.8551.0581.1617.8658.1675.2707.2727.1

724.3

Personal consumptioexpenditures

Total

139.6

130.4126.1114.8112.8118.1125.5138.4143.1140.2148.2

155.7165.4161.4165.8171.4183.0203.5206.3210.8216.5

230.5232.8239.4250.8255.7274.2281.4288.2290.1307.3

316.1322.5338.4353.3373.7397.7418.1430.1452.3467.7

477.2

Dura-ble

goods

16.3

12.911.28.48.39.4

11.714.515.112.214.5

16.719.111.710.29.4

10.620.524.726.328.4

34.731.530.835.335.443.241.041.537.943.7

44.943.949.253.759.066.671.772.981.484.9

82.1

Non-dura-

LI

Diegoods

69.3

65.965.660.458.662.565.973.476.077.181.2

84.689.991.393.797.3

104.7110.8108.3108.7110.5

114.0116.5120.8124.4125.5131.7136.2138. V140.2146.8

149.6153.0158.2162.2170.3178.6187.0190.2196.5201.2

207.9

Serv-ices

54.0

51.549.445.946.046.147.950.552.050.952.5

54.456.358.561.864.767.772.173.475.877.6

81.884.887.891.194.899.3

104.1108.0112.0116.8

121.6125.6131.1137.4144.4152.5159.4167.0174.4181.6

187.3

Total

40.4

27.416.84.75.39.4

18.024.029.917.024.7

33.041.621.412.714.019.652.351.560.448.0

69.370.060.561.259.475.474.368.860.973.6

72.469.079.482.587.899.2

109.3101.2105.7111.3

103.0

Gross private domestic investment

Fixed investment

Total

36.9

28.019.210.99.7

12.115.620.924.519.423.5

28.132.017.312.915.922.642.351.755.951.9

61.059.057.260.261.469.069.567.662.468.8

68.967.073.476.781.990.195.493.598.8

104.1

99.9

Nonresidential

Total

26.5

21.714.18.27.69.2

11.515.818.813.715.3

18.922.212.510.013.419.830.236.238.034.5

37.539.638.340.739.643.947.347.441.644.1

47.145.549.751.957.866.374.173.275.580.8

79.3

Struc-tures

13.9

11.87.54.43.33.64.05.47.15.65.9

6.88.14.62.93.85.7

12.511.612.311.9

12.714.113.714.915.216.218.518.216.616.2

17.417.417.917.919.122.324.022.622.724.0

23.1

Pro-ducers'durableequip-ment

12.6

9.96.63.84.35.67.5

10.311.88.19.4

12.114.27.97.29.6

14.117.724.625.722.6

24.825.524.625.824. c

27.728.829.125.027.9

29.628.131.734.038.744.050.150.652.756.9

56.2

Resi-dentialstruc-tures

10.4

6.35.12.72.12.94.05.15.65.78.2

9.29.84.92.92.52.8

12.115.417.917.4

23.519.518.919.621.725.122.220.220.824.7

21.921.623.824.824.223.821.320.423.323.3

20.6

Changein busi-

ness-inven-tories

3.5

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

2.43.15.5

- 2 . 41.2

4.99.64.0

- L 9- 2 . 910.0- . 24.6

- 3 . 9

8.310.93.3

.9- 2 . 0

6.44.81.2

- 1 . 54.8

3.52.06.05.85.89.0

13.97.76.97.2

3.1


693.5705.4712.6717.5

722.1726.1730.9729.2

723.8724.9727.4721.3

445.0448.4457.7458.1

463.3467.1468.7471.7

474.0478.1479.6477.1

78.180.283.983.2

84.985.784.184.9

82.784.983.677.1

195.5194.9197.9197.6

199.7200.9201.9202.4

205.6206.6208.2211.2

171.3 '173.2175.9177.4

178.7180.5182.7184.4

185.8186.6187.8188.8

101.3107.1105.1109.5

109.7111.5114.1110.0

102.9103.1104.1101.8

98.997.697.7

101.0

103.6104.8104.2103.9

101.5100.199.698.3

76.173.874.977.1

79.380.281.982.1

80.980.279.676.6

23.422.322.322.9

23.823.124.624.3

24.423.522.621.8

52.751.552.654.3

55.457.057.357.8

56.556.756.954.8

22.923.822.823.9

24.324.722.321.8

20.720.020.021.7

2.49.57.48.5

6.16.69.96.1

1.32.94.63.5

See footnotes at end of table.

198


TABLE C-2.—Gross national product or expenditure, in 1958 prices, 1929-70—Continued


Year or quarter

1929

1930193119321933193419351936193719381939

1940194119421943194419451946194719481949

1950195119521953 .195419551956195719581959

1960196119621963196419651966196719681969.

1970 i>

1968: 1IIMlIV

1969: 1IIIIIIV

1970: 1IIIIIIV v

Net exports of goods and services

Netexports

1.5

1 4.9.6.0.3

- 1 . 0-1 .2- . 71 91.3

2 14

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

8.412 36 16.4

2.75 33 01.13.03.25 06.22.2

4.35.14.55.68.36.24.23.6.9.2

2.3

Exports

11.8

10 48.97.17.17.37.78.29.89 9

10.0

11 011.27.86.87 6

10.219.622 618.118.1

16.319 318.217.818.820.924.226.223.123.8

27.328.030.032.136.537.440.242.145.748.5

52.2

Imports

10.3

9 07.96.67.17.18.79.3

10.58.08.7

8.910.89.9

12.613.413.911.210.312.011.7

13.614.115.216.715.817.719.119.920.923.5

23.022.925.526.628.231.236.138.544.848.2

49.9

Government purchases of goods andservices l

Total

22.0

24.325.424.223.326.627.031.830.833.935.2

36.456.3

117.1164.4181.7156.448.439.946.353.3

52.875.492.199.888.985.285.389.394.294.7

94.9100.5107.5109.6111.2114.7126.5140.2148.3147.8

141.8

Federal

3.5

4.04.34.66.08.07.9

12.211.513.312.5

15.036.298.9

147.8165.4139.730.119.123.727.6

25.347.463.870.056.850.749.751.753.652.5

51.454.660.059.558.157.965.474.778.775.7

67.7

State andlocal

18.5

20 221.119.617.318.619.219.619.420.622.7

21.420.118.316.616.316.718.420.822.725.7

27.527.928.429.732.134.435.637.640.642.2

43.545.947.550.153.256.861.165.569.672.1

74.1


0.81.51.5

- . 2

- . 4- . 3

.8

.9

1.92.43.11.9

43.845.447.845.6

42.350.750.850.0

52.052.952.051.8

43.143.946.345.8

42.651.150.049.1

50.150.548.950.0

146.4148.5148.3150.0

149.5147.9147.3146.6

145.0141.3140.6140.5

77.579.178.979.4

78.075.875.273.8

71.167.866.265.8

68.969.469.470.6

71.572.172.172.9

73.873.574.474.7

i Net of Government sales.Source: Department of Commerce, Office of Business Economics.

199


TABLE C-3.—Implicit price deflators for gross national product, 1929-70

[Index numbers, 1958=1001

Year or quarter

1929

1930193119321933193419351936193719381939

1940 .19411942194319441945 . . . .1946194719481949

19501951195219531954 . . . . . .1955195619571958 . . . .1959

196019611962196*196419651966196719681969

1970*

1968: 1IIIII . . .IV

1969: 1ifIIIIV

1970: 1IIIIIIV v

Totalgross

national

ucti

50.64

49.2644.7840.2539.2942.1642.6242.7344.5043.8843.23

43.8747.2253.0356.8358.1659.6666.7074.6479.5779.12

80.1685.6487.4588.3389.6390.8693.9997.4999.97

101.66

103.29104.62105.78107.17108.85110.86113.95117.59122.31128.11

134.86

Personal consumDtion

Total

55.3

53.647.942.340.643.544.444.746.545.645.1

45.548.754.859.963.265.470 577 982.381.7

82.988.690 591.792.592.894.897.7

100.0101.3

102.9103.9104.9106.1107.4108.8111.5114.4118.5123.5

129.2

expenditures

Dur-able

goods

56.4

55.349.143.241.944.743.743.645.846.746.0

46.550.459.364.271.575.976 882 786.386.8

87.894.295 494 392.991.994.998.4

100.0101.4

100.9100.6100.8100.4100.499 698.7

100.3103.3106.0

109.0

Non-durablegoods

54.5

51.644.137.738.042.744.544.846.444.043.2

43.847.755.662.566.268.774.383.688.585.6

86.093.394 393.994.293.694.997.7

100.099.9

101.2101.9102.8104.0104.9106.9110.7113.0117.1122.2

127.3

Serv-ices

56.1

55.752.748.343.644.344.445.046.847.747.7

47.949.852.755.357.558.762.767.972.174.3

76.380.083.687.790.092.094.697.3

100.0103.0

105.8107.6109.0110.9113.1115.1118.3122.2127.1133.1

140.3

Gross private domestic investmentl

Total

39.4

37.935.231.630.633.734.334.637.838.237.7

39.042.046.549.351.151.558.566.773.974.7

77.583.185.386.686.889.094.098.5

100.0102.6

103.4103.9104.9106.0107.6109.3111.8115.9120.4126.2

132.4

Fixed investment

Nonresidential

Total

39.9

38.135.832.931.634.935.935.638.839.338.7

40.042.747.849.951.051.056 364.570.772.8

74.480.482.684.084.886.792.497.9

100.0102.2

102.9103.4104.1104.5105.7107.5110.2113.8117.5122.8

129.4

Struc-tures

35.7

34.031.127.627.928.930.630.234.433.933.1

33.936.441.346.848.649.254.464.471.571.2

72.979.383.284.986.088.193.498.6

100.0102.7

104.0105.6107.1108.9111.1114.7118.9124.0130.3141.1

152.2

Pro-ducers'durableequip-ment

44.6

43.041.139.134.538.838.738.541.443.042.2

43.446.351.551.151.951.757.564.670.373.6

75.280.982.283.584.085.991.897.5

100.0102.0

102.2102.1102.3102.3103.0103.9106.0109.3111.9115.1

120.0

Resi-dentialstruc-tures

38.1

37.133.627.327.130.129.831.334.335.535.7

36.940.343.347.051.654.959.771.780.878.5

82.588.690.891.990.492.997.499.8

100.0103.1

104.5105.0106.7108.9112.3114.2117.4123.1129.7137.7

144.0

Seasonally adjusted

120.39121.65122.90124.25

125.68127.22128.97130.52

132.57133.98135.50137.39

116.8118.0118.8120.2

121.3122.8124.2125.6

127.2128.5129.7131.5

102.3102.9103.4104.6

105.0105.7106.4107.0

107.8108.2109.2110.8

115.4116.8117.5118.8

119.8121.5122.9124.5

125.9127.1127.7128.6

125.0126.4127.6129.1

130.6132.3133.8135.5

137.3139.3141.1143.3

118.4119.9121.1122.1

124.2125.4127.1128.0

129.6131.0133.3135.6

116.1117.0117.9118.8

120.7121.6123.9125.1

126.8128.2130.2132.4

127.5129.6131.7132.6

136.8139.5143.3144.7

146.4150.0154.8158.5

111.1111.6112.1113.0

113.7114.4115.6116.8

118.4119.2120.4122.0

126.0128.6131.5132.5

135.5137.4138.9139.3

140.6142.4145.7147.1


200


TABLE C-3.—Implicit price deflators for gross national product, 1929—70—Continued

[Index numbers, 1958=100]

Year or quarter

1929

1930193119321933193419351936193719381939

1940194119421943194419451946194719481949

19501951195219531954 . . .19551956195719581959

1960196119621963196419651966196719681969

1970i»

1968: 1IIIII. .IV

1969: 1IIIllIV

1970: 1IIIllIV*

Exports and imports ofgoods and services1

Exports

59.5

52.341.034.733.740.642.343.446.543.844.1

48.653.061.565.269.971.375.487.392.787.0

84.997.098.895.294.394.997.5

101.3100.098.8

99.9101.9100.8100.6101.5104.7107.7109.7110.9114.6

119.5

Imports

57.3

49.039.331.528.833.636.036.740.737.938.6

40.843.048.351.253.256.464.979.486.482.2

88.7107.2103.699.1

100.8100.6102.5104.0100.099.3

101.0100.198.599.5

101.5103.4105.6106.5107.5111.1

117.7

Government purchases of goodsand services

Total

38.6

37.936.333.434.536.837.037.638.438.337.9

38.544.050.953.953.152.655.862.968.171.0

71.878.581.081.884.187.192.196.4

100.0102.4

105.0107.1109.0111.8115.7119.4124.0128.5135.0143.5

155.5

Federal

36.0

34.134.531.933.137.437.040.540.740.540.8

40.246.652.554.953.853.157.365.669.873.0

72.979.481.281.483.586.991.795.8

100.0102.2

104.?105,2105.6108.0112.2115.5118.8121.5126.4133.9

147.3

State andlocal

39.1

38.736.633.835.036.637.035.937.136.836.3

37.339.242.344.646.148.653.260.466.468.9

70.876.980.682.885.387.592.797.3

100.0102.6

105.9109.4113.2116.3119.5123.5129.4136.4144.7153.7

163.1

Gross national product bysector

Private *

51.73

50.4545.6740.9139.9243.0143.5143.4545.3344.6543.93

44.6948.6655. 5160.8562.0262.5968.2576.2781.4080.60

81.4187.3588.9989.6590.7791.5794.5397 9299.97

101.41

102 76103.73104.73105 80107 05108 83111.56114.79118.92124.22

130.12

Generalgovernment

34.1

34.134.533.733.534.834.736.536.537.436.8

36.034.737.339.743.348.355.458.560.864.7

67.170.574.476.679.584.088.793.3

100.0104.2

108.6113.6116.6121.5128.4133.5140.3147.7159.1170.8

186.6

Seasonally adjusted

108.9111.8111.2111.5

113.0112.7114.6117.7

117.5118.8120.8120.8

106.6107.8107.5108.1

109.0109.5111.2114.5

114.9116.2119.9119.9

132.2133.5136.3137.8

139.5141.9145.4147.5

151.5154.6157.2158.9

124.4125.0127.6128.4

129.5131.7136.3138.4

143.8147.0149.1149.5

141.1143.3146.1148.3

150.4152.6154.9156.7

158.9161.5164.5167.2

117.22118.38119.37120.66

122.08123.55124.90126.32

127.96129.24130.73132. 55

154.5157.1161.1163.6

165.4167.6173.6176.5

182.9185.9187.9189.9

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

> Gross national product less compensation of general government employees. See also Tables C-7 and C-8.


2 0 1


TABLE C-4.—Gross national product by major type of product, 1929-70

{Billions of dollars]

Year orquarter

1970 p . . . .

1968: I . . .I I -III.I V . .

1969: I . . .I I -III.IV

1970: III...III..IV P.

Totalgrossna-

tionalprod-uct

103.1

90.475.858.055.665.172.282.590.484.790.5

99.7124.5157.9191.6210.1211.9208.5231.3257.6256.5

284.8328.4345.5364.6364.8398.0419.2441.1447.3483.7

503.7520.1560.3590.5632.4684.9749.9793.9865.0931.4

976.8

Finalsales

101.4

90.777.060.557.265.871.281.287.985.690.1

97.5120.1156.2192.2211.1213.0202.1231.8252.9259.6

278.0318.1342.4364.1366.4392.0414.5439.8448.8478.9

500.2518.1554.3584.6626.6675.3735.1785.7857.4922.9

973.2

1.7

- . 4- 1 . 1- 2 . 5- 1 . 6

i l l1.32.5

- . 9.4

2.24.51.8

- . 6- 1 . 0- 1 . 0

6.4- . 54.7

- 3 . 1

6.810.33.1

6'.04.71.3

- 1 . 54.8

3.62.06.05.95.89.6

14.88.27.68.5

3.6

Goods output

Total

Total

56.1

46.937.426.727.034.439.945.851.545.349.0

56.072.593.6

120.4132.3128.9124.9139.7154.2147.5

162.4189.7195.6204.1197.1216.4225.4234.6230.8249.1

259.6262.3284. r298.6319.4347.2383.3398.9430.6460.0

474.1

Finalsales

54.3

47.338.629.228.635.138.844.548.946.248.6

53.68.091.9

121.0133.3129.9118.5140.1149.4150.5

155.6179.4192.5203.7198.6210.4220.7233.3232.3244.4

256.0260.2278.5292.7313.6337.6368.5390.7422.9451.6

470.5

1.7

- . 4- 1 . 1- 2 . 5- 1 . 6- . 71.11.32.5

- . 9.4

2.24.51.8

- . 6-1 .0-1.0

6.4

A. 7-3.1

6.810.33.1.4

- 1 . 56.04.71.3

- 1 . 54.8

3.62.06.05.95.89.6

14.88.27.68.5

3.6

Durable goods

Total

17.5

11.47.73.64.97.49.3

12.213.99.9

12.7

16.626..35.554.257.948.936.946.048.747.8

60.473.774.679.472.185.790.394.483.695.6

99.596.5

109.0116.1127.0139.6156.71.61.1176.1190.2

185.0

Finalsales

16.1

12.59.05.75.47.38.9

11.213.110.812.4

15.423.834.554.258.550.231.644.348.049.9

56.366.873.578.574.682.787.593.186.493.2

97.496.6

106.2113.3122.8133.0146.2156.5170.4183.9

185.3

III

1.4

"I'.3.9.8

- . 9.3

1.23.01.0.0

- . 6- 1 .3

5.31.7

-2 .1

4.16.91.1.9

- 2 . 53.02.81.3

- 2 . 82.3

2.1- . 12.82.84.26.7

10.54.75.76.4

- . 4

Nondurable goods

Total

38.5

35.529.723.122.127.030.633.637.635.436.3

39.345.658.166.274.480.088.093.7

105.599.7

102.0116.0121.0124.8125.0130.7135.1140.2147.2153.6

160.1165.8175.5182.5192.4207.6226.6237.7254.5269.8

289.1

Finalsales

38.2

34.829.623.623.227.829.933.335.835.436.2

38.444.257.466.874.879.786.995.9

101.5100.6

99.3112.6119.1125.2124.1127.7133.2140.2145.9151.1

158.6163.7172.2179.4190.7204.7222.3234.2252.5267.7

285.2

S

0.3

.7

.1- . 4-1.1- . 9

.7

\.S.0.1

1.01.4.7

- . 6- . 3

l!i-2 .2

4.0-1 .0

2.73.42.0

l'.O2.91.9.0

1.32.4

2.13.23.11.63.04.33.52.02.1

4.0

Serv-ices

35.1

34.231.727.525.727.128.331.032.333.234.0

35.440.350.362.571.876.568.070.275.780.8

87.0101.2110.8118.8123.5132.6142.3154.2163.4176.2

187.3199.5213.3226.2244.2262.9289.316.5347.1377.6

410.3

Struc-tures

11.4

9.26.73.82.93.4.05.66.76.27

8.311.814.08.76.16.5

15.621.427.728.3

35.437.539.141.744.249.051.552.353,158.3

56.858.362.665.768.874.877.578.687.493.8

92.4

Grossautoprod-uct


834.9858.1875.8891.4

907.6923.7942.6951.7

959.5971.1985.5990.9

832.3847.8867.6882.1

900.2915.9931.2944.5

957.9968.1980.0986.8

2.610.48.29.3

7.47.9

11.37.2

1.63.15.54.1

414.2428.2437.2442.6

448.3456.7466.2468.9

467.1474.9479.8474.5

411.6417.8429.0433.3

440.9448.8454.9461.7

465.5471.8474.2470.4

2.610.48.29.3

7.47.9

11.37.2

1.63.15.54.1

167.7175.1178.9182.6

186.1189.4192.7192.7

185.3186.6193.5174.5

165.2168.0173.1175.3

180.5182.7184.8187.4

185.5188.5188.3179.0

2.57.15.87.2

5.66.77.95.3

- . 3- 1 . 9

5.2- 4 . 5

246.5253.0258.3260.0

262.1267.3273.5276.2

281.8288.3286.3300.0

246.4249.8255.9258.0

260.4266.1270.1274.3

280.0283.3286.0291.4

0.13.22.42.1

1.81.23.51.9

1.95.0.3

8.6

334.7343.1352.2358.4

364.8372.3383.0390.3

400.1405.8413.2422.2

86.086.886.390.5

94.594.893.392.5

92.390.492.694.2

7.28.8

11.9

15.413.512.016.314.621.216.919.514.519.1

21.417.922.525.125.831.830.028.936.136.6

31.0

34.236.636.537.2

38.234.837.635.8

31.135.434.722.7


2O2


TABLE C-5.—Gross national product by major type of product, in 1958 prices, 1929-70

(Billions of dollars, 1958 prices)

Year orquarter

1929

19301931193219331934193519361937. . . .1938. . . .1939. . . .

1940. . . .1941 . . . .1942194319441945. . . .1946194719481949....

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

1960196119621963196419651966196719681969

1970 v

Totalgross

na-tionalprod-

uct

203.6

183.5169 3144.2141.5154.3169.5193.0203.2192.9209.4

227.2263.7297.8337.1361.3355.2312.6309.9323.7324.1

355.3383.4395.1412.8407.0438.0446.1452.5447.3475.9

487.7497.2529.8551.0581.1617.8658.1675.2707.2727.1

724.3

Finalsales

200. 1

184.1171.7150.5145.9157.0167.1189.9197.8195.3208.2

222.3254.1293.8337.3363.2358.2302.6310.1319.1328.1

347.0372.5391.8411.8409.0431.6441.2451.2448.8471.1

484.2495.2523.8545.2575.2608.8644.2667.5700.3719.9

721.2

Is

3.5

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

2.43.15.5

-2 .41.2

4.99.64.0

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

-3.9

8.310.93.3.9

-2 .06.44.81.2

-1 .54.8

3.52.06.05.85.89.0

13.97.76.97.2

3.1

Goods output

Total

103.9

90.583.268.768.877.988.6

102.2110.2100.5110.7

124.0143.4158.1187.4204.8198.0172.1172.2178.4174.2

192.6208.4214.0225.4215.1236.1239.0239.8230.8247.7

756.0257.3277.3289.7308.6330.7356.8363.1380.7392.2

388.5

Total

Finalsales

100.4

91.185.774.973.280.586.299.1

104.8102.9109.5

119.0133.8154.1187.6206.7201.0162.1172.4173.8178.1

184.3197.5210.7224.5217.1229.7234.2238.5232.3242.9

252.6255.3271.3283.9302.8321.7347.9355.4373.8385.0

385.4

| |

3.5

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

2.43.15.5

- 2 . 41.2

4.99 64.0

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

- 3 . 9

8.310.93.3.9

- 2 . 06.44.81.2

- 1 . 54.8

3.52.06.05.85.89.0

13.97.76.97.2

3.1

Durable goods

Total

33.6

22.416.38.3

11.716.921.528.731.021.127.6

35.650.057.285.695.984.354.760.161.358.0

73.484.184.691.081.996.596.596.283.694.0

97.894.9

107.0114.2174.6136.5151.8152.2162.1170.1

160.2

Finalsales

30.9

24.519.213.413.416.720.626.329.123.427.0

32.843.554.485.297.487.446.158.660.061.0

68.376.183.289.984.893.093.595.086.491.6

95.994.9

104.1111.4120.4130.1141.9148.0157.1164.7

160.5

| l

2.7

- 2 . 1- 3 . 0— S 1

- 1 . 7.2.9

2.41.9

- 2 . 3.6

2.76.62.9

.4- 1 . 5- 3 . 1

8.61.51.2

- 3 . 0

5.28.01.51.2

- 3 . 03.43.01.2

- 2 . 82.4

2.0.0

2.82.84.16.59.84.35.15.3

- . 4

Nondi

Total

70.4

68.067.060.457.161.067.173.579.279.483.0

88.493.4

100.9101.7108.8113.7117.4112.2117.1116.2

119.1124.3129.4134.4133.2139.7142.5143.6147.2153.7

158.2162.3170.3175.6184.1194.2205.12^.9218.6222.1

228.4

jrable g

Finalsales

69.5

66.566 561.559.863.865.672.875.779.582.5

86.290.399.7

102.4109.3113.6116.0113.8113.8117.1

116.0121.4127.6134.6132.3136.7140.7143.6145.9151.2

156.7160.3167.2172.5182.3191.6701.0207.4216.7220.3

224.9

I!0.8

1.5.5

-1.1-2.7-2.8

1.5.7

3.6- . 1

.6

2.23.11.2

- . 6- . 4

.21.4

-1.73.3

- . 9

3.12.91.8

- . 2.9

3.01.8.0

1.32.5

1.52.03.13.11.72.64.13.51.81.8

3.5

Serv-ices

69.3

67.765.861.963.065.368.173.373.974.876.9

80.089.8

107.7131.8144.0144.3113.3106.5109.3112.4

117.5130.5136.3140.3141.8147.5153.0160.1163.4171.2

176.6184.0193.7200.9210.8221.9236.3249.1760.0268.2

274.5

Struc-tures

30.3

25.320.213.79.8

11.112.817.519.117.721.8

23.230.531.917.912.412.927.231.23R 137.5

45.244.444.747.050.254.354.052.653.157.0

55.055.858.860.461.665.265.063.066.666.6

61.3

Grossautoprod-

uct


10.311.414.8

19.115.913.518.717.124.618.620.214.518.5

21.017.522.024.725.531.830.629.035.335.0

28.7

1 9 6 8 : 1 . . . .ll_._I I I . .IV.. .

1 9 6 9 : 1 . . . .I I . . .I I I . .IV. . .

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

693.5705.4712.6717.5

722.1726.1730.9729.2

723.8724.9727.4721.3

691.1695.9705.2709.0

716.1719.4720.9723.0

722.4721.9722.8717.8

2.49.57.48.5

6.16.69.96.1

1.32.94.63.5

370.5379.8385.6387.0

388.5391.1395.7393.5

387.3391.1392.1383.6

368.2370.3378.2378.5

382.4384.5385.8387.4

3«6.0388.2387.5380.1

2.49.57.48.5

6.16.69.96.1

1.32.94.63.5

156.0161.8164.1166.7

168.4170.0171.6170.3

162.3162.9167.1148.5

153.7155.4159.4159.8

163.6164.5164.9165.9

162.6164.4162.7152.5

2.36.54.76.9

4.85.56.74.4

- . 3- 1 . 5

4.3- 4 . 0

214. c

217.9221. *220.4

220.1221.1?24.1223.3

225.1228.3225.0235.2

214.5214.92^.8218.7

218.8220.0220.9221.5

223.4223.8224.7227.6

0.03.02.71.6

1.31.13.21.8

1.64.5.2

7.5

255.8258.9262.1263.1

264.7267.2269.8271.3

273.1272.8274.8277.2

67.166.764.967.4

68.967.865.464.4

63.460.960.560.5

33.635.935.735.9

36.933.335.833.9

29.233.232.120.3


203


TABLE C-6.—Gross national product: Receipts and expenditures by major economic groups,1929-70

[Billions of dollars]

Year orquarter

1929

1930193119321933...193419351936193719381939

1940194119421943... .1944194519461947.19481949

19501951.19521953195419551956195719581959

I960196119621963196419651966196719681969

1970*.

1968: I . . . .I I - . .litIV

1969: L . . .I I . . . .III.. .IV. . .

1970: L . . .I I . . . .III . . .IV»_.

Persons

Disposable personalincome

Total»

83.3

74.564 048.745.552.458.566.371.265.570.3

75.792 7

116.9133.5146.3150 2160.0169.8189.1188 6

206 9226 6238.3252 6257.4275 3293 2308 5318 8337.3

350.0364 4385.3404.6438 1473.2511.9546.3591.2631.6

684.7

Less:Inter-

est

andtrans-

ferpay-

mentsto for-eigners

1 9

1.297

.7

.67

.8

.9

.89

1.01 l.8.8.8

1 01.41.82.22 4

2 93 13.54 34.65 15 96 46 57.1

7.88 18.69.7

10 712.013.013.915.016.5

17.9

Equals:Total

exclud-ing in-terestand

trans-fers

81 4

73.363 148 044.951.757 865 570.364.669 4

74.791 6

116.1132.7145.5149 3158.6168.0186.9186 2

204 1223 5234.8248 3252.9270 2287 2302 2312 3330.3

342.3356 3376.6394.9427 4461.3498.9532.4576.2615.1

666.8

Per-sonalcon-

sump-tionex-

pendi-tures

77 2

69.960 548 645.851 355 761 966.563.966 8

70.880 688 599.3

108.3119 7143 4160.7173.6176 8

191 0206 3216.7230 0236 5254 4266 7281 4290 1311.2

325.2335 2355.1375.0401 2432.8466 3492.1535.8577.5

616.8

Per-sonalsaving

dis-saving

4 2

3 42 6

— 6_ 9

42 13 63 8.7

2 6

3.811 027 633 437.329 615 27 3

13.49 4

13 117 318 118 316 415 820 620 722 319.1

17.021 221 619.926 228 432 540.440.437.6

50.0

Government

Net receipts

Taxandnon-taxre-

ceiptsor ac-cruals

11 3

10 89 58 99 3

10 511 412 915 415 015 4

17 725 032 649 251.253 250 956 858.956 0

68 784 889 894 389 7

100 4109 0115 6114 7128.9

139.8144 6157.0168.8174 1189.1213.3228.9263.3298.7

303.4

Less:Trans-fers,inter-

est,andsub-

sidies 3

1 8

1 93 12 62 73 13 44 13 23 84 2

4 44 04 44 76.5

10 418 517 318.821 3

22 919 919 019 521 923 425 528 733 034.0

36.541 342.844.446 749.955.562.870.577.9

92.4

Equals:Netre-

ceipts

9 5

8 96 36 36 77 48 08 8

12 211.211 2

13.321 028 244 444.742 832 439.540.134 7

45 864 970.874 867.876 983 586 881.695.0

103.3103 3114.2124.3127 3139.2157.9166.2192.8220.8

211.0

Expenditures

Totalex-

pendi-tures

10 3

11 112 410 610 712.913 416 115 016.817 6

18.428 864 093.3

103.092 745 542.450.359 1

60 879 093.7

101 296.797 6

104.1114 9127.2131.0

136.1149.0159.9166.9175 4186.9212.3242.9270.7290.1

313.0

Less:Trans-fers,inter-est,and

sub-sidies 3

1 8

1 93 12 62 73.13 44 13 23 84 2

4.44 04 44.76.5

10 418 517.318.821 3

22 919 919.019 521.923 425.528 733.034.0

36.541.342.844.446.749.955.562.870.577.9

92.4

Equals:Pur-

chasesof

goodsand

serv-ices

8 5

9 29 28 18 09 8

10 012 011 913 013 3

14.024 859 688.696.582 327.025.131.637 8

37 959.174.781.674.874 278.686 194.297.0

99.6107.6117.1122.5128.7137.0156.8180.1200.2212.2

220.5

Sur-plusor

deficit(-),na-

tionalin-

comeand

prod-uct ac-counts

1 0

_ 32 9

—1 8—1 4- 2 4—2 0—3 1

3—1 8—2 2

— 7—3 8

—31 4-44 1-51.8—39 5

5 414.48.5

—3 2

7 85.8

- 3 . 8- 6 9- 7 . 0

2 74.9

7-12.5- 2 . 1

3.7- 4 . 3- 2 . 9

1.8—1.4

2.21.1

-13.9- 7 . 3

8.7

-9 .6


574.9588.4595.6606.0612.0623.0640.6650.6665.3683.6693.0696.9

14.414.815.315.616.016.416.716.917.317.818.218.5

560.5573.6580.3590.4596.0606.6623.9633.7648.0665.8674.8678.4

519.7529.1543.8550.8561.8573.3582.1592.6603.1614.4622.1627.6

40.844.636.539.634.333.342.041.144.851.552.750.9

249.7257.0269.4277.2291.2299.2300.4304.1300.2303.6304.2

66.970.071.873.575.177.478.380.881.896.194.397.4

182.8187.0197.6203.7216.1221.8222.1223.3218.4207.4209.9

260.5268.2273.9280.1283.5287.4292.3297.0301.5314.5315.3320.6

66.970.071.873.575.177.478.380.881.896.194.397.4

193.6198.3202.1206.7208.5209.9214.1216.3219.6218.4221.0223.2

-10.7-11.2- 4 . 5- 2 . 9

7.711.88.07.1

-1 .2-10.9-11.2

See footnotes at end of table.204


T A B L E C-6.—Gross national product: Receipts and expenditures by major economic groups,1929- 70—Continued


Yearor

quarter

1929..

1930..193L.1932..1933..1934..1935..1936..1937..1938..1939..

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

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

I960..1961..1962..1963..19fi4_.1965..1966..1967.1968.1969.

1 9 7 0 P .

1 9 6 8 : I . . .I I . .I I I .I V . .

1 9 6 9 : I . .I I . .H I .I V . .

1 9 7 0 : I . . .

III.

Business

Grossre-

tainedearn-ings 3

11.2

8.65.33.23.25.26.46.77.78.08.4

10.511.414.516.317.115.114.520.228.029.7

29.433.135.136.139.246.347.349.849.456.8

56.858.766.368.876.284.791.393.095.697.3

98.6

Grosspri-vate

domes-tic

invest-ment*

16.2

10.35.61.01.43.36.48.5

11.86.59.3

13.117.99.85.77.1

10.630.634.046.035.7

54.159.351.952.651.767.470.067.960.975.3

74.871.783.087.194.0

108.1

116.6126.5139.8

135.8

Excessof in-vest-ment

- 5 . 1

- 1 . 6- . 32.21.81.9.0

- 1 . 8- 4 . 0

1.6- . 9

- 2 . 7- 6 . 5

4.610.610.04.6

- 1 6 . 1- 1 3 . 8- 1 8 . 0- 6 . 0

- 2 4 . 7- 2 6 . 2- 1 6 . 8- 1 6 . 5- 1 2 . 5- 2 1 . 1- 2 2 . 8- 1 8 . 1- 1 1 . 5- 1 8 . 5

- 1 8 . 0- 1 3 . 0- 1 6 . 8- 1 8 . 4- 1 7 . 8—2"? 4- 3 0 . 1- 2 3 . 5- 3 1 . 0- 4 2 . 5

- 37 .2

International

Trans-fers to

for-eignersby per-

sonsandGov-ern-ment

0.4

.3

.3

.2

.2

.2

.2

.2

.2

.2

.2

.2

.2

.2

.2

.3

.82.92.64.55.6

4.03.52.52.52.32.52.42.32.42.42.42.62.72.82.82.82.83.02.82.8

Net exports of goodsand services

Ex-ports

7.05.43.62.52.43.03.33.54.64.34.45.45.94.84.45.37.2

14.719.716.815.813.818.718.016.917.819.823.626.523.123.527.228.630.332.337.139.243.446.250.655.5

2.9 62.3

Less:Im-ports

5.94.43.12.12.02.43.13.44.33.03.43.64.64.86.57.17.97.28.2

10.39.6

12.015.115.816.615.917.819.620.820.923.323.223.025.126.428.632.338.141.048.153.6

58.7

Equals:Netex-

ports

1.11.0

.5

.4

.4

.6

.1

.1

l!31.11.71.3

.0-2 .0-1 .8

- . 67.5

11.56.46.11.83.72.2

.41.82.04.05.72.2

.14.05.65.15.98.56.95.35.22.51.9

3.6

Excessof

trans-fersor

of netex-

ports()

-0.8- . 7- . 2- . 2- . 2- . 4

.1

.1- . 1

- 1 . 1- . 9

- 1 . 5- 1 . 1

.22.22.11.4

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

- . 5

2.2- . 2

.32.1

.5

.5- 1 . 5- 3 . 4

.22.3

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

.3

.9

Totalincomeor re-ceipts

102.4

91.275.157.755.064.572.581.390.584.189.2

98.7124.1159.0193.6207.6208.0208.4230.4259.5256.2

283.3325.1343.3361.6362.1395.9420.4441.1445.8484.5

504.8520.8559.8590.8633.7688.0750.9794.6867.4936.1

- . 7 979.3

Statis-ticaldis-crep-ancy

0.7- . 8

.7

.3

.6

.5- . 21.2.0.6

1.3

1.0

- l ! l- 2 . 0

2.53.9

.1

.9- 2 . 0

1.53.32.23.02.72.1

- 1 . 1.0

1.6- . 8

- 1 . 0- . 8

.5- . 3

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

- . 7- 2 . 4- 4 . 7


91.596.397.896.8

96.597.499.196.0

95.797.999.1

119.8127.3126. 5132.6

136.0139.3143.8140.2

133.2134.3138.3137.5

- 2 8 . 3- 3 1 . 0-28 .7- 3 5 . 8

- 3 9 . 4- 4 1 . 9-44 .7- 4 4 . 2

- 3 7 . 5- 3 6 . 4- 3 9 . 2

2.52.73.03.1

2.43.22.82.9

2.83.02.82.9

47.750.753.250.9

47.857.258.358.8

61.162.862.862.6

45.947.349.849.5

46.555.955.656.2

57.658.758.659.9

1.83.43.41.4

1.31.32.62.6

3.54.14.22.7

0.7- . 7- . 41.7

1.12.0

.1

.3

7

- i l l- 1 . 2

.2

837.3859.6878.7894.0

911.0929.0947.9955.9

964.9974.1986.7

- 2 . 5- 1 . 6- 2 . 9- 2 . 6

-3.6-5.3-5.5-4.3

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

Grossna-

tionalprod-uct

or ex-pendi-ture

103.1

90.475.858.055.665.172.282.590.484.790.5

99.7124.5157.9191.6210.1211.9208.5231.3257.6256.5

284.8328.4345.5364.6364.8398.0419.2441.1447.3483.7

503.7520.1560.3590.5632.4684.9749.9793.9865.0931.4

- 2 . 5 976.8

834.9858.1875.8891.4

907.6923.7942.6951.7

959.5971.1985.5990.9

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

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

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

See Table C- l l .5 Net foreign investment less capital grants received by the United States, with sign changed.


4 1 1 - 3 6 4 0 — 7 1 - -14205


TABLE C-7.—Gross national product by sector, 1929-70


Year orquarter

1929

1930193119321933193419351936193719381939 .

1940194119421943194419451946194719481949

195019511952 .19531954 . . .19551956195719581959

1960196119621963196419651966196719681969

1970 v ._.

1968: 1IIIIIIV

1969: 1IIillIV

1970: 1 . . .II.IllIV P . . . .

Totalgross

nationalproduct

103.1

90.475.858.055.665.172.282.590.484.790.5

99.7124.5157.9191 6210.1211.9208.5231.3257.6256.5

284.8328 4345.5364.6364.8398.0419.2441.1447.3483.7

503.7520.1560.3590.5632.4684.9749.9793.9865.0931.4

976.8

Total

98.8

85.871.253.650.959.566.375.283.577.082.9

91.9115.1142.8166 0177.9176.8187.7214 6240.1237.0

263.9301 0314.3332.7332.4363.8382.6402.0405.2439.4

456.3469.2505.7532.4569.4617.1673.3708.8770.1827.8

863.5

Gross private product l

Business

Total

95.1

82.468.351.348.957.464.172.981.074.580.3

89.1112.2139.5162 4173.8172.3182.7208 6233.5230.1

256.3292 8305.8323.6322.7352.9370.8389.3391.7425.0

440.7452.3487.4513.0548.2594.4648.9681.6740.1795.4

828.6

Nonfarm 2

85.4

74.862.046.844.352.757.166.572.767.974.0

82.6103.3126.5147 2158.5156.4163.9188 5210 2211.4

236.3269 9283.7303.3303.1334.1352.2370.9370.9405.3

420.2431 4466.2491.5527.6570.8624.0657.0714.6767.9

800.5

Farm

9.7

7.76.34.54.64.77.06.48.36.66.3

6.58.9

13.015 315.315.918.820 223 318.8

20.022 922.220.319.618.818.618.420.819.6

20 520 921.221 520.623.724.924.625.527.5

28.1

House-holdsa d

Institutions

2.9

2.72.31.91.71.81.92.02.32.22.3

2.42.52.93 23.74.14.55 15 65.9

6.46 97.27.88.19.19.8

10.511.412.2

13.214.015.016.017.318.520.222.825.328.1

30.3

Rest ofthe world

0.8

.7

.5

.4

.3

.3

.4

.3

.3

.4

.3

.4

.4

.44

.4

.4

.68

1 01.0

1.21 31.31.31.61.82.12.22.02.2

2.42.93.33.44.04.24.14.54.74.3

4.6

Grossgovern-

mentproduct*

4.3

4.54.74.44.75.65.97.36.97.67.6

7.89.4

15.125 632.235.220.816 717 419.4

?0.927 431 231.932.534.236.639.142.144.3

47 550 954.758 163.067.876 685.194.9

103.6

113.3


834.9858.1875.8891.4

907.6923.7942.6951.7

959.5971.1985.5990.9

743.8764.4778.9793.4

808.2822.3836.6844.0

848.5858.4871.7875.4

714.7734.0749.0762.9

776.2790.3804.2810.8

814.3824.5836.5839.0

689.7709.0723.4736.5

749.1762.7776.6783.0

785.5796.0808.5811.9

24.925.025.626.4

27.127.627.627.8

28.828.528.027.1

24.925.525.125.6

27.427.828.329.0

29.630.030.531.1

4.35.04.84.9

4.64.24.14.2

4.53.94.75.2

91.193.796.998.0

99.4101.4106.0107.7

111.0112.8113.9115.6

1 Gross national product less compensation of general government employees.2 Includes compensation of employees in government enterprises. Government enterprises are those agencies of gov-

ernment whose operating costs are to a substantial extent covered by the sale of goods and services, in contrast to thegeneral activities of government, which are financed mainly by tax revenues and debt creation. The Post Office and publicpower systems are examples of government enterprises; on the other hand, State universities and public parks are part ofgeneral government activities.

* Compensation of general government employees.


206


TABLE C-S.—Gross national product by sector, in 1958 prices, 1929-70


Year orquarter

1 9 2 9 . . . .

1 9 3 0 . . . .1 9 3 1 . . . .1 9 3 2 . . . .1 9 3 3 . . . .1 9 3 4 . . . .1 9 3 5 . . . .1 9 3 6 . . . .1 9 3 7 . . . .1 9 3 8 . . . .1 9 3 9 . . . .

1 9 4 0 . . . .1 9 4 1 . . . .1942 . . . .1 9 4 3 . . . .1944 . . . .1 9 4 5 . . . .1946 . . . .1947 . . . .1948 . . . .1949 . . . .

1950 . . . .1 9 5 1 . . .1952 . . .1953 . . . .1954 . . .1 9 5 5 . . .1956 . . .1957 . . .1958 . . .1959

196019611962 . . .1 9 6 3 . . .1964 . . .1 9 6 5 . . .1 9 6 6 . . .1967 . . .1 9 6 8 . . .1969 . . .

1970 P . .

1968: I.IIIllIV

1969: I.IIIllIV

1970: I.III I I . . . .IV v.. _

Totalgross

nationalproduct

203.6

183.5169.3144.2141.5154.3169.5193.0203.2192.9209.4

227.2263.7297.8337.1361.335<\2312.6309.9323.7324.1

355.3383.4395.1412.8407.0438.0446.1452.5447.3475.9

487.7497.2529.8551.0581.1617.8658.1675.2707.2727.1

724.3

Tntal1 OT3I

190.9

170.1155.8131.0127.5138.3152.4173.1184.3172.6188.7

205.6236.6257.3272.8286.9282.5275.1281.4295.0294.1

^24.2344.6353.2371.1366.2397.2404.8410.5405.2433.4

444.0452.3482.9503.2532.0567.0603.5617.5647.6666.4

663.6

Total

182.1

161.4147.7123.8120.6131.1144.9165.4176.4164.6180.7

197.1228.1248.7264.9278.9274.6267.0272. 8286.0284.7

314.2334.5343.2360.7355. 4385.4392.2397.5391.7419.4

429.5436.946$. 7486.6514.4548.9584.9597.8627.2646.0

642.8

Gross private product1

Business

Nonfarm2

165.1

145.4129.2105.8103.0116.6128.4150.5158.5146.8162.5

179.6209.3228.0245.3259.5256.5248.6255.8267.0266.2

294.9316.2324.2340.7335.0364.4371.4377.2370.9398.3

407.6414.8444.6463.8492.1525.2562.5573.9603.4622.5

619.6

Farm

17.0

16.118.518.017.514.616.514.917.917.818.2

17.518.820.619.619.418.118.517.019.018.4

19.418.419.020.020.420.920.820.320.821.1

21.922.222.122.822.323.722.423.923.823.6

23.1

House-holdsand

institutions

7.4

7.16.66.05.76.26.46.87.16.87.1

7.67.57.87.27.17.17.17.57.98.2

8.78.88.89.19.2

10.110.610.911.411.7

12.212.412.913.213.714.014.615.415.916.4

16.6

Rest ofthe world

1.4

1.61.41.31.21.01.11.0.8

1.1.9

1.0.9.8.8.9.8.9

1.11.21.2

1.31.21.21.31.61.82.02.12.02.2

2.32.93.43.43.94.13.94.34.54.0

4.3


Grossgovern-

mentproduct*

12.7

13.313.513.214.016.017.119.918.920.420.6

21.627.240.564.374.472.837.528.628.730.1

31.138.841.841.740.940.741.341.942.142.5

43.744.846.947.849.150.854.657.659.760.7

60.7

693.5705.4712.6717.5

722.1726.1730.9729.2

723.8724.9727.4721.3

634.5645.7652.5657.5

662.1665.6669.8668.1

663.1664.2666.8660.4

614.6624.9632.2637.1

641.5645.3649.7647.6

642.1644.0645.9639.1

590.4601.7608.6612.9

616.7622.0626.2624.7

619.5621.0622.9615.1

24.223.223.524.2

24.723.323.522.8

22.623.022.924.0

15.916.115.715.8

16.316.316.316.6

16.716.516.516.5

4.14.74.64.7

4.33.93.84.0

4.33.64.44.9

58.959.760.159.9

60.160.561.061.1

60.760.760.660.9

1 Gross national product less compensation of general government employees.2 Includes compensation of employees in government enterprises. Government enterprises are those agencies of govern-

ment whose operating costs are to a substantial extent covered by the sale of goods and services, in contrast to the generalactivities of government, which are financed mainly by tax revenues and debt creation. The Post Office and public powersystems are examples of government enterprises; on the other hand, State universities and public parks are part of gen-eral government activities.

3 Compensation of general government employees.


207


TABLE C-9.—Gross national product by industry, in 1958 prices, 1947-69


Year

194719481949

19501951..1952.19531954

195519561957...1958.1959

196019611962.19631964

19651966196719681969

Totalgrossna-

tionalproduct

309.9323.7324.1

355.3383.4395.1412.8407.0

438.0446.1452.5447.3475.9

487.7497.2529.8551.0581.1

617.8658.1675.2707.2727.1

Agri-culture,fores-

andfish-eries

17.920.019.4

20.419.520.221.221.6

22.122.021.522.022.3

23.123.423.324.023.6

25.023.725.225.124.9

Con-tractcon-

struc-tion

12.914.114.7

16.218.218.318.919.3

20 821.821.120.722.0

21.721.421.721.923.3

23.524.723.123.623.8

Manufacturing

Total

91 896.390.9

105 5116.2118.7128.6119.5

133 6134.1134.6123.7138.9

140.9140.4154.6162.4173.7

190.5205.7205.4219.0227.5

Dur-ablegoodsindus-tries

52 355.050.5

60 869.071.579.171.2

80 779.479.669.679.9

81.079.790.095.6

102.4

114.8125.1123.9132.0137.5

Non-durablegoodsindus-tries

39 441.340.4

44 747.247.349.548.3

52.954.654.954.059.0

59.960.764.766.871.3

75.780.781.487.189.9

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

andutili-ties

29 630.428.7

30 834.334.635.736.4

38.640.541.340.643.3

44.946.048.951.954.7

59.264.0.66. 5V

70.975.2

Whnlosaleandretailtrade

52.754.255.2

60.461.462.964.965.5

71.673.875.175.180.8

82.383.588.992.898.9

104.8111.6113.9120.7124.8

Finance,insur-ance,andreal

estate

35 636.537.8

41.042.944.746.849.8

52.754.857.059.261.4

64.167.171.274.478.3

83.186.891.695.296.7

Serv-ices

30 631.932.1

33 134.034.535.335.4

38.240.241.842.945.1

46.748.350.852.254.7

57.760.663.465.768.5

Gov-ern-mentand

govern-ment

enter-prises

32.433.234.7

35.943.947.247.146.1

46.046.246.947.347.9

49.250.652.653.956.1

58.061.865.568.670.2

Allother i

6 77.1

10.6

12 113.014.014 313.5

14 412.713.116.014.1

14.716.317.917.417.8

15.819.420.618.515.4

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


208


TABLE C-10.—Personal consumption expenditures, 1929-70


Yearor

quarter

1929

193019311932.. . .1933—193419351936193719381939

1940. . . .1941 . . . .1942194319441945. . . .1946—.1947. . . .19481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970P_...

1968:1. .II .IllIV.

1969:1. .II.IllIV.

1970:1._II.IllIVP

1o.

ISOJQ.

77.2

69.960.548.645.851.355. 761.966.563.966.8

70.880.688.599.3

108.3119.7143.4160.7173.6176.8

191.0206.3216.7230.0236.5254.4266.7281.4290.1311.2

325.2335.2355.1375.0401.2432.8466.3492.1535.8577.5

616.8

•s

9.2

7.25.53.63.54.25.16.36.95.76.7

7.89.66.96.66.78.0

15.820.422.724.6

30.529.629.333.232.839.638.940.837.944.3

45.344.249.553.959.266.370.873.184.090.0

89.4

Durable goods

rQ.

•a

115

S<

3.2

2.21.6.9

1.11.41.92.32.41.62.2

2.73.4.7.8.8

1.04.06.27.59.9

13.111.611.114.213.618.416.418.315.419.5

20.118.422.024.325.830.330.330.537.240.3

37.3

o c:

"c.S-CO 3

Pu.

4.8

3.93.12.11.92.22.63.23.63.13.5

3.94.94.73.93.84.68.6

10.911.911.6

14.114.414.314.915.016.617.517.317.118.9

18.919.320.522.225.026.929.931.434.636.7

38.5

a>

O

1.2

1.1.9.6.5.6.7.8

1.0.9

1.0

1.11.41.61.92.22.53.23.33.43.2

3.33.63.94.14.24.65.05.25.45.9

6.36.56.97.58.59.1

10.511.212.3 i13.1

13.7

'oH-

37.7

34.029.022.722.326.729.332.935.234.035.1

37.042.950.858.664.371.982.490.596.294.5

98.1108.8114.0116.8118.3123.3129.3135.6140.2146.6

151.3155.9162.6168.6178.7191.1206.9215.0230.2245.8

264.7

Nondurable goods

1XJ•a

to

u.

19.5

18.014.711.411.514.216.218.419.918.919.1

20.223.428.433.236.740.647.452.354 252.5

53.960.463.464.465.467.269.973.676.478.6

80.582.985.788.292.998.8

105.8108.5115.1121.7

131.7

a>o

• a

OQ

"o

o

9.4

8.06.95.14.65.76.06.66.86.87.1

7.48.8

11.013.414.416.518.218.820.119.3

19.621.221.922.122.123.124.124.324.726.4

27.327.929.630.633.535.940.342.346.149.9

52.3

• a

a>c

IC5

1.8

1.71.51.51.51.61.71.92.12.12.2

2.32.62.11.31.61.83.03.64.45.0

5.46.16.87.78.29.09.8

10.611.011.6

12.312.412.913.514.015.316.617.619.021.1

22.9

1o7.0

6.35.74.84.65.25.45.96.36.26.7

7.18.09.3

10.611.713.013.815.717.517.7

19.221.121.722.722.624.025.427.128.230.1

31.232.734.436.338.241.144.446.650.053.2

57.9

"o

30.3

28.726.022.220.120.421.322.824.424.325.0

26.028.130.834.237.239.845.349.854.757.6

62.467.973.479.985.491.498.5

105.0112.0120.3

128.7135.1143.0152.4163.3175.5188.6204.0221.6241.6

262.7

c

OX

11.5

11.010.39.07.97.67.78.08.58.99.1

9.410.211.011.512.012.513.915.717.519.3

21.323.926.529.331.733.736.038.541.143.7

46.348.752.055.459.363.567.571.877.484.0

91.8

Services

|

Q

oT3O

"11X

4.0

3.93.53.02.83.03.23.43.73.63.8

4.04.34.85.25.96.46.87.58.18.5

9.510.411.112.012.614.015.216.217.318.5

20.020.822.023.124.325.627.129.131.233.9

36.3

o

112

2.6

2.21.91.61.51.61.71.92.01.92.0

2.12.42.73.43.74.05.05.35.85.9

6.26.77.17.87.98.28.69.09.3

10.1

10.810.611.011.411.612.613.614.515.616.7

18.1

a>

O

12.2

11.510.38.67.98.28.79.5

10.29.9

10.1

10.411.212.314.015.616.819.721.423.323.9

25.426.928.730.833.235.538.641.344.348.0

51.654.958.062.568.173.880.488.597.5

107.1

116.4


519.7529.1543.8550.8

561.8573.3582.1592.6

603.1614.4622.1627.6

79.982.686.786.9

89.190.689.590.8

89.191.991.285.4

34.936.039.138.8

39.840.040.241.1

37.739.439.232.8

33.734.135.435.2

35.837.236.736.9

38.338.938.138.5

11.412.512.313.0

13.513.412.612.7

13.113.613.914.1

225.6227.6232.6234.8

239.2244.0248.1252.0

258.8262.6265.8271.7

112.7114.7116.1117.0

119.1120.8122.4124.6

128.8131.2132.3134.5

44.845.247.147.2

47.950.050.750.9

51.351.852.353.7

18.818.619.219.3

20.320.821.521.7

22.422.723.023.4

49.349.150.251.3

52.052.453.554.9

56.356.958.360.0

214.2218.9224.5229.0

233.5238.7244.5249.8

255.2259.9265.1270.5

75.276.677.979.8

81.483.084.787.0

89.090.892.695.0

30.430.831.532.1

32.733.334.534.8

35.235.936.937.4

15.215.315.616.1

16.216.516.817.1

17.717.918.218.5

93.496.299.4

101.1

103.2105.9108.5110.9

113.3115.4117.4119.6

1 Includes standard clothing issued to military personnel.2 Includes imputed rental value of owner-occupied dwellings.Source: Department of Commerce, Office of Business Economics.

209


TABLE C-ll.—Gross private domestic investment, 1929-70


Year orquarter

1929..

1930..1931..1932..1933-1934..1935..1936..1937..1938..1939..

1940..1941__1942..1943-1944..1945..1946..1947..1948..1949..

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

1960..1961-1962..1963..1964..1965..1966..1967 _1968.1969.

1 9 7 0 P

1968 : Il l . . _ .IIIIV

1969: IIII I I __.IV .__ .

1970: II I . . . .Ill

Totalgrossprivate

domesticinvest-ment

16.2

10.35.61.01.43.36.48.5

11.86.59.3

13.117.99.85.77.1

10.630.634.046.035.7

54.159.351.952.651.767.470.067.960.975.3

74.871.783.087.194.0

108.1121.4116.6126.5139.8

135.8

Fixed investment

Total

14.5

10.66.83.43.04.15.37.29.27.48.9

11.013.48.16.48.1

11.624.234.441.338.8

47.349.048.852.153.361.465.366.562.470.5

71.369.777.081.388.298.5

106.6108.4118.9131.4

132.2

Nonresidential

Total

10.6

8.35.02.72.43.24.15.67.35.45.9

7.59.56.05.06.8

10.117.023.426.925.1

27.931.831.634.233.638.143.746.441.645.1

48.447.051.754.361.171.381.683.388.799.3

102.6

Structures

Total

5.0

4.02.31.2.9

1.01.21.62.41.92.0

2.32.91.91.31.82.86.87.58.88.5

9.211.211.412.713.114.317.218.016.616.7

18.118.419.219.521.225.528.528.029.633.8

35.1

Non-farm

4.8

3.92.31.2.9

1.01.21.62.41.81.9

2.22.81.81.21.72.76.16.78.07.7

8.510.410.511.912.313.616.517.215.815.9

17.417.718.518.820.524.927.827.328.933.0

34.3

Producers'durable

equipment

Total

5.6

4.32.71.51.52.22.94.04.93.54.0

5.36.64.13.75.07.3

10.215.918.116.6

18.720.720.221.520.623.826.528.425.028.4

30.328.632.534.839.945.853.155.359.165.5

67.4

Non-farm

4.9

3.72.41.31.31.82.43.34.12.93.4

4.65.63.53.24.26.39.2

14.015.513.7

15.717.717.618.618.021.224.225.922.025.4

27.725.829.431.236.341.648.450.054.360.8

63.0

Residential structures

Total

4.0

2.31.7.7.6.9

1.21.61.92.02.9

3.43.92.11.41.31.57.2

11.114.413.7

19.417.217.218.019.723.321.620.220.825.5

22.822.625.327.027.127.225.025.130.332.0

29.7

Non-farm

3.8

2.21.6.7.5.8

1.11.51.81.92.8

3.23.71.91.21.11.46.7

10.413.612.8

18.616.416.417.219.022.720.919.520.124.8

22.222.024.826.426.626.724.524.529.731.5

29.0

Farm

0.2

.1

!o.0

Change inbusiness

inventories

Total

1.7

— 4- L I- 2 . 5-1 .6- . 71.11.32.5

- . 9.4

2.24.51.8

- . 6-1 .0-1 .0

6.4- . 54.7

- 3 . 1

6.810.33.1.4

- 1 . 56.04.71.3

- 1 54.8

3.62.06.05.95.89.6

14.88.27.68.5

3.6


119.8127.3126.5132.6

136.0139.3143.8140.2

133.2134.3138.3137.5

117.2117.0118.3123.3

128.7131.4132.4133.0

131.6131.2132.7133.4

88.386.488.391.6

95.797.5

101.5102.6

102.6102.8103.6101.4

29.828.929.430.3

32.632.335.235.1

35.735.335.034.6

29.128.228.629.6

31.931.534.434.3

34.834.534.233.8

58.557.559.061.3

63.165.266.367.5

66.967.568.666.8

53.452.854.356.7

58.560.661.862.3

62.463.264.162.6

28.830.629.931.7

33.033.931.030.4

29.128.429.232.0

28.330.129.431.1

32.433.330.429.8

28.427.828.631.4

0.6.6.5.5

.5

.6

.6

.6

.6

.6

.6

.6

2.610.48.29.3

7.47.9

11.37.2

1.63.15.54.1

Non-farm

1.8

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

.2

.42.11.7

- 1 . 0.3

1.94.0.7

- . 6- . 6- . 66.4

3!0-2.2

6.09.12.11.1

-2 .15.55.1.8

- 2 . 34.8

3.31.75.35.16.48.6

15.07.57.58.0

3.0

2.510.38.19.3

7.37.6

10.86.5

.92.65.03.6


2 1 0


TABLE G-12.—National income by type of income, 1929-70[Billions of dollars]

Year orquarter

1929

1930193119321933193419351936193719381939

1940194119421943194419451946194719481949

19501951195219531954195519561 9 5 7 . . . . . .19581959

1960196119621963196419651966196719681969

1970 p . . . .

1968: 1IIIIIIV

1969: L . . .I L _ .III ._I V . .

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

Totalna-

tionalin-

come1

86.8

75.459 742.840.349.557.265.073.667.472.6

81.1104.2137.1170.3182.6181.5181.9199.0224 2217.5

241 1278.0291.4304.7303.1331.0350.8366.1367.8400.0

414.5427.3457.7481.9518.1564.3620.6653.6712.7769.5

801.0

6*7.2706 1722.2735.2

749.3764.0779.5785.2

791.5797.4806.6

Compensation ofemployees

Total

51.1

46.839.831 129*534.337.342 947.945.048.1

52.164.885.3

109.5121.2123.1117.9128.9141 114L0

154 6180^7195.3209.1208.0224.5243.1256.0257.8279.1

294.2302.6323.6341.0365.7393.8435.5467.2514.1564.2

599.8

495.3507 6520 9532 5

544.9557.5572.2582.1

592.2596.4603.8606.8

Wagesand

sala-ries

50.4

46.239 130.529.033.736.741.946.143.045.9

49.862.182.1

105.8116.7117.5112.0123.0135 4134.5

146 8171.1185.1198.3196.5211.3227.8238.7239.9258.2

270.8278.1296.1311.1333.7358.9394.5423.1464.8509.0

540.1

447.9458 9471 0481 4

491.6502.9516.4525.3

534.4537.4543.4545.4

Sup-ple-

mentsto

wagesandsala-ries2

0.7

.7

.665

.6

.61 01.82.02.2

2.32.73.23.84.55.65.95 95 86i5

7 89i 6

10.210.911.513.215.217.317.920.9

23.424.627.529.932.035.041.044.249.355.1

59.7

47.448 749 951 1

53.354.655.856.8

57.959.060.461.4

Business and pro-fessional income

Total

9.0

7.65 83 63 34.75.56 77.26.97.4

8.611.114.017.018.219.221.620 322 722! 6

24 026! 127.127.527.630.331.332.833.235.1

34.235.637.137.940.242.445.247.349.150.5

51.4

In-come

ofunin-

corpo-ratedenter-prises

8.8

6.85.13.33.94.85.56.87.26.77.6

8.611.714.417.118.319.323.321.823 122.2

25 1261 526.927.627.630.531.833.133.235.3

34.335.637.137.940.342.845.647.649.851.3

52.1

Inven-toryvalu-ation

adjust-ment

0.1

.8

.6

.35

- . ' l.0

- . 1.0.2

- . 2

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

- 1 . 7- 1 . 5- 4

.5

- 1 1- . 3

.2- . 2

.0- . 2- . 5- . 3- . 1- . 1

.0

.0

.0

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

- . 7

In-come

offarmpro-prie-tors 3

6.2

4.33.42.12.6 H3.05.34.36.04.44.4

4.56.49.8

11.711.612.214.915.217 512.7

13 515.815.013.012.411.411.411.313.411.4

12.012.813.013.112.114.816.114.«15.016.4

16.2

Seasonally adjusted annual rate:

48.549 249 249 4

49.950.550.950.6

50.651.251.752.0

14.414 615 315.8

16.216.216.616.6

17.016.516.115.3

Rentalinin-

comeof

per-sons

5.4

4.83.82.72.01.71.71.82.12.62.7

2.93.54.55.15.45.66.67.18.08.4

9 410.311.512.713.613.914.314.815.415.6

15.816.016.717.118.019.020.021.121.322.0

22.7

21.321 321 321.3

21.622.022.122.3

22.522.622.723.0

Corporate profitsand inventory

Total

10.5

7.02.0

- 1 . 3- 1 . 2

1.73.45.66.84.96.3

9.815.220.324.423.819.219.325.633.030.8

37.742.739.939.638.046.946.145.641.151.7

49.950.355.758.966.376.182.478.785.485.8

77.4

81.386.087.487.1

87.187.486.882.0

76.777.578.4

valuationadjustment

Corpo-rate

profitsbeforetaxes *

10.0

3.7- . 4

- 2 . 31.02.33.66.36.84.07.0

10.017.721.525.124.119.724.631.535.228.9

42.643.938.940.638.348.648.847.241.452.1

49.750.355.459.466.877.884.279.888.791.2

82.3

86.788 688.491.3

93.093.489.988.5

82.682.084.4

Inven-toryvalu-ation

adjust-ment

0.5

3.32.41.0

- 2 . 1- . 6

2-.'7

.01.0

- . 7

- . 2- 2 . 5- 1 . 2- . 8- . 3- . 6

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

1.9

- 5 . 0- 1 . 2

1.0- 1 . 0- . 3

- 1 . 7- 2 . 7- 1 . 5- . 3- . 5

.2- . 1

.3- .5- .5

- 1 . 7- 1 . 8- 1 . 1- 3 . 3- 5 . 4

- 4 . 9

- 5 . 4- 2 . 6- . 9

- 4 . 2

- 5 . 9- 6 . 0- 3 . 2- 6 . 5

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

Netinter-

est

4.7

4.95.04.64.14.14.13.83.73.63.5

3.33.23.12.72.32.21.51.91.81.9

2.02.32.62.83.64.14.65.66.87.1

8.410.011.613.815.818.221.424.427.830.7

33.5

26.427.328.229.1

29.730.431.031.7

32.433.133.834.5

1 National income is the total net income earned in production. It differs from gross national product mainly in that itexcludes depreciation charges and other allowances for business and institutional consumption of durable capital goods,and indirect business taxes. See Table C-13.

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

3 Includes change in inventories.* See Table C-73 tor corporate tax liability and profits after taxes.Source: Department of Commerce, Office of Business Economics.

211


TABLE C-13.—Relation of gross national product and national income, 1929-70


Year or quarter

1929..

1930..1931..1932..1933..1934..1935..1936..1937..1938..1939..

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

1950..1951..19521953..1954..1955..1956..1957..1958.1959.

1960.1961.1962.1963.1964.1965.1966.19671968!1969

1970 p.

1968: I.

IV.

1969: I.

IV.

1970: l_

Grossna-

tionalprod-

uct

103.1

90.475.858.055.665.172.282.590.484.790.5

99.7124.5157.9191.6210.1211.9208.5231.3257.6256.5

284.8328.4345.5364.6364.8398.0419.2441.1447.3483.7

503.7520.1560.3590.5632.4684.9749.9793.9865.0931.4

976.8

Less:Capital

con-sump-

tionallow-ances

834.9858.1875.8891.4

907.6923.7942.6951.7

959.5971.1985.5990.9

7.9

8.07.97.47.06.86.97.07.27.37.3

7.58.29.8

10.211.011.39.9

12.214.516.6

18.321.223.225.728.231.534.137.138.941.4

43.445.250.052.656.159.863.968.974.078.9

84.3

Equals:Netna-

tionalprod-

uct

95.2

82.468.050.748.658.265.475.483.377.483.2

92.2116.3148.1181.3199.1200.7198.6219.1243.1239.9

266.4307.2322.3338.9336.6366.5385.2404.0408.4442.3

460.3474.9510.4537.9576.3625.1685.9725.0791.1852.5

892.4

Plus:Sub-sidiesless

currentsurplusof gov-

ern-mententer-prises

- 0 . 1

- . 1.0.0.0.3.4.0.1.2.5

.4

.1

.2

.2

.7

.8

.9- . 2

- ! l

.2

.2- . 1- . 4

2- ! i

.8

.9

.9

.1

.21.41.4.8

1.31.32.31.4.7

1.0

1.7

Less:

Indirect business tax andnontax liability

Total

7.0

7.26.96.87.17.88.28.79.29.29.4

10.011.311.812.714.115.517.118.420.121.3

23.325.227.629.629.432.134.937.338.541.5

45.247.751.554.758.462.565.770.478.185.2

92.0

Federal

1.2

1.0.9.9

1.62.22.22.32.42.22.3

2.63.64.04.96.27.17.87.88.08.0

8.99.4

10.310.99.7

10.711.211.811.512.5

13.513.614.615.316.116.515.716.318.019.1

19.6

Stateandlocal

5.8

6.16.05.85.45.66.06.46.86.97.0

7.47.77.77.88.08.49.3

10.612.113.3

14.515.817.318.719.721.423.625.527.028.9

31.734.136.939.442.345.949.954.160.166.1

72.4

Busi-ness

transferpay-

ments

0.6

.5

.6

.7

.7

.6

.6

.6

.6

.4

.5

.4

.5

.5

.5

.5

.5

.5

.6

.7

.8

.8

.91.01.21.11.21.41.51.61.7

1.92.02.12.32.52.73.03.13.33.5

3.6

Sta-tistical

dis-crep-ancy

0.7

- . 8.7.3.6.5

- . 21.2.0.6

1.3

1.0.4

-1 .1-2 .0

2.53.9.1.9

-2 .0.3

1.53.32.23.02.72.1

-1 .1.0

1.6- . 8

-1 .0- . 8

.5- . 3

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

-2 .4-4 .7

-2 .5

Equals:Na-

tionalincome

86.8

75.459.742.840.349.557.265.073.667.472.6

81.1104.2137.1170.3182.6181.5181.9199.0224.2217.5

241.1278.0291.4304.7303.1331.0350.8366.1367.8400.0

414.5427.3457.7481.9518.1564.3620.6653.6712.7769.5

801.0


72.373.774.675.5

77.078.279.480.7

82.183.685.086.5

762.6784.4801.2816.0

830.6845.5863.1871.0

877.4887.5900.5904.4

0.8.7.7.5

.81.11.01.2

1.61.51.82.0

75.577.479.280.4

82.184.386.687.7

89.391.193.394.3

17.417.818.218.4

18.519.019.519.3

19.319.420.119.6

58.059.561.061.9

63.665.367.168.4

70.071.773.274.6

3.23.33.43.5

3.53.53.53.5

3.63.63.63.7

-2.5-1.6-2.9-2.6

-3 .6-5.3-5 .5-4 .3

-5.4-3.1-1.1

687.2706.1722.2735.2

749.3764.0779.5785.2

791.5797.4806.6


2 1 2


TABLE C-14.—Relation of national income and personal income, 1929-70


Year or quarter

1929..

1930..1931-1932..1933..1934..1935..1936-1937..1938..1939..

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

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

1960..196L.1962..1963..1964-1965-1966..1967..1968-1969-

1970 v.

1968: I . . .I I . .III.IV..

1969: I.

III.IV..

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

687.2706.1722.2735.2

749.3764.0779.5785.2

791.5797.4806.6

Nationalincome

86.8

75.459.742.840.349.557.265.073.567.472.6

81.1104.2137.1170.3182.6181.5181.9199.0224.2217.5

241.1278.0291.4304.7303.1331.0350.8366.1367.8400.0

414.5427.3457.7481.9518.1564.3620.6653.6712.7769.5

801.0

Corpo-rate

profitsand in-ventory

valuationadjust-ment

10.5

7.02.0

-1 .3- 1 . 2

1.73.45.66.84.96.3

9.815.220.324.423.819.219.325.633.030.8

37.742.739.939.638.046.946.145.641.151.7

49.950.355.758.966.376.182.478.785.485.8

77.4

Less:

Contri-butions

forsocialinsur-ance

0.2

.3

.3

.3

.3

.3

.3

.61.82.02.1

2.32.83.54.55.26.16.05.75.25.7

6.98.28.78.89.8

11.112.614.514.817.6

20.721.424.026.927.929.638.042.447,153.6

57.1

Wageaccruals

lessdis-

burse-ments

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.2- . 2

.0

.0

.0

.0

.0

.0

.1

.0- . 1

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

. 0

. 0

. 0

.0

.0

.0

.0

Gov-ernmenttransfer

paymentsto per-

sons

0.9

1.02.11.41.51.61.82.91.92.42.5

2.72.62.62.53.15.6

10.811.110.511.6

14.311.512.012.814.916.117.119.924.124.9

26.630.431.233.034.237.241.148.755.761.6

73.9

Plus

Interestpaid

bygovern-

ment(net)

and by-consumers

2.5

1.81.81.71.61.71.71.71.91.91.9

2.12.22.22.63.34.25.25.56.16.5

7.27.68.19.09.5

10.111.212.012.113.6

15.115.016.117.619,120.522.223.626.329.0

31.8

Divi-dends

5.8

5.54.12.52.02.62.84.54.73.23.8

4.04.44.34.44.64.65.66.37.07.2

8.88.68.68.99.3

10.511.311.711.612.6

13.413.815.216.517.819.820.821.423.324.7

25.2

Busi-

nesstransfer

pay-ments

0.6

.5

.6

.7

.7

.6

.6

.6

.6

.4

.5

.4

.5

.5

.5

.5

.5

.5

.6

.7

.8

.8

.91.01.21.11.21.41.51.61.7

1.92.02.12.32.52.73.03.13.33.5

3.6


81.386.087.487.1

87.187.486.882.0

76.777.578.4

45.546.747.748.7

51.953.154.255.1

56.056.757.658.0

0.0.0.0.0

.0

.0

.0

.0

2.5- 2 . 1- . 4

.0

52.955.356.658.0

59.861.062.063.4

66.375.875.178.4

25.125.926.727.5

28.028.629.130.2

31.031.432.232.6

Equals:

Personalincome

85.9

77.065.950.247.054.060.468.674.168.372.8

78.396.0

122.9151.3165.3171.1178.7191.3210.2207.2

227.6255.6272.5288.2290.1310.9333.0351.1361.2383.5

401.0416.8442.6465.5497.5538.9587.2629.3688.7748.9

801.0

22.323.123.824.1

24.124.425.025.2

25.225.125.425.1

3.23.33.43.5

3.53.53.53.5

3.63.63.63.7

664.0680.9697.6712.5

725.8741.1758.1770.5

782.3801.3807.2813.4


213


TABLE C-15.—Disposition of personal income, 1929-70

Year orquarter

1929....

1930 .1931....1932....1933....1934....1935....1936....1937....1938....1939....

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

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

1960...1961....1962...1963....1964....1965....1966....1967..1968....1969....

1970 p

1968: I . . .II . .III..IV..

1969: L . . .II . .III..IV..

1970: I . . .11...III

Per-sonal

income

Less:Per-

sonaltaxand

nontaxpay-

ments

Equals:Dispos-

ableper-

sonalincome

Less: Personal outlays

Total

Per-sonalcon-

sump-tion

expend-itures

interestpaid by

con-sumers

Per-sonal

transferpay-

mentsto for-eigners

Equals:Per-

sonalsaving

Billions of dollars

85.9

77.065.950.247.054.060.468.674.168.372.8

78.396.0

122.9151.3165.3171.1178.7191.3210.2207.2

227.6255.6272.5288.2290.1310.9333.0351.1361.2383.5

401.0416.8442.6465.5497.5538.9587.2629.3688.7748.9

801.0

2.6

2.51.91.51.51.61.92.32.92.92.4

2.63.36.0

17.818.920.918.721.421.118.6

20.729.034.135.632.735.539.842.642.346.2

50.952.457.460.959.465.775.483.097.5

117.3

116.4

83.3

74.564.048.745.552.458.566.371.265.570.3

75.792.7

116.9133.5146.3150.2160.0169.8189.1188.6

206.9226.6238.3252.6257.4275.3293.2308.5318.8337.3

350.0364.4385.3404.6438.1473.2511.9546.3591.2631.6

684.7

79.1

71.161.449.346.552.056.462.767.464.867.7

71.881.789.3

100.1109.1120.7144.8162.5175.8179.2

193.9209.3220.2234.3241.0259.5272.6287.8296.6318.3

333.0343.3363.7384.7411.9444.8479.3506.0550.8593.9

634.7

77.2

69.960.548.645.851.355.761.966.563.966.8

70.880.688.599.3

108.3119.7143.4160.7173.6176.8

191.0206.3216.7230.0236.5254.4266.7281.4290.1311.2

325.2335.2355.1375.0401.2432.8466.3492.1535.8577.5

616.8

1.5

.9

.7

.5

. 5

.5

.5

.6

.7

.7

.7

.8

.9

.7

.5

.5

1.51.9

2.42.73.03.84.04.75.45.85.96.5

7.37.68.19.1

10.111.312.413.214.315.7

17.0


0.3

.3

.3

.2

.2

.2

.2

.2

.2

.2

.2

.2

.2

.1

.2

.4

.5

.7

.7

.7

.5

.5

.4

.4

.5

.5

.5

.6

.6

.6

.6

.5

.5

.5

.6

.6

.7

.6

.7

.7

.8

.9

664.0680.9697.6712.5

725.8741.1758.1770.5

782.3801.3807.2813.4

89.192.6

102.1106.5

113.8118.1117.5119.9

117.0117.7114.2116.5

574.9588.4595.6606.0

612.0623.0640.6650.6

665.3683.6693.0696.9

534.1543.8559.1566.4

577.7589.7598.7609.6

620.5632.1640.2646.0

519.7529.1543.8550.8

561.8573.3582.1592.6

603.1614.4622.1627.6

13.814.114.514.9

15.315.615.816.1

16.416.817.217.5

0.7.7.8.7

.7

.8

.9

.8

.91.01.01.0

4.2

3.42.6

- . 6- . 9

.42.13.63.8.7

2.6

3.811.027.633.437.329.615.27.3

13.49.4

13.117.318.118.316.415.820.620.722.319.1

17.021.221.619.926.228.432.540.440.437.6

50.0

40.844.636.539.6

34.333.342.041.1

44.851.552.750.9

Percent of disposablepersonal income

Personaloutlays

Total

Con-sump-

tionexpend-

itures

Percent

95.0

95.495.9

101.3102.099.396.394.694.798.996.3

94.988.276.475.074.580.390.595.792.995.0

93.792.492.492.893.694.393.093.393.094.4

95.194.294.495.194.094.093.692.693.294.0

92.7

92.992.493.993.5

94.494.793.593.7

93.392.592.492.7

92.7

93.894.499.8

100.698.095.293.393.497.695.0

93.686.975.774.474.079.789.694.691.893.8

92.391.090.991.191.992.491.091.291.092.3

92.992.092.292.791.691.591.190.190.691.4

90.1

90.489.991.390.9

91.892.090.991.1

90.789.989.890.0

Per-sonalsaving

5.0

4.64.1

-1 .3- 2 . 0

.73.75.45.31.13.7

5.111.823.625.025.519.79.54.37.15.0

6.37.67.67.26.45.77.06.77.05.6

4.95.85.64.96.06.06.47.46.86.0

7.3

7.17.66.16.5

5.65.36.56.3

6.77.57.67.3


214


TABLE C-16.— Total and per capita disposable personal income and personal consumptionexpenditures, in current and 1958 prices, 1929-70

Year or quarter

Disposable personal income

Total (billionsof dollars)

Current 1958prices prices

Per capita(dollars)

Currentprices

1958prices

Personal consumption expenditures

Total (billionsof dollars)

Currentprices

1958prices

Per capita(dollars)

Current 1958prices prices

Popu-lation(thou-

sands) l

1929..

1930..1931..1932..1933..1934..1935..1936..1937.1938.1939..

1940..1941.1942..1943..1944..1945..1946..1947..1948..1949.

1950.1951.1952.1953.1954.1955..1956.1957.1958.1959.

1960.1961.1962.1963.1964.1965.1966.1967.1968.1969.

1970 P.

1968: I .ILIIIIV

1969: I .II .IIIIV

1970: I .II.III

83.3

74.564.048.745.552.458.566.371.265.570.3

75.792.7

116.9133.5146.3150.2160.0169.8189.1188.6

206.9226.6238.3252.6257.4275.3293.2308.5318.8337.3

350.0364.4385.3404.6438.1473.2511.9546.3591.2631.6

684.7

150.6

139.0133.7115.1112.2120.4131.8148.4153.1143.6155.9

166.3190.3213.4222.8231.6229.7227.0218.0229.8230.8

249.6255.7263.3275.4278.3296.7309.3315.8318.8333.0

340.2350.7367.3381.3407.9435.0458.9477.5499.0511.5

529.7

683

605516390362414459518552504537

573695867976

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

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

1,9371,9832,0642,1362,2802,4322,5992,7442,9393,108

3,333

1,236

1,1281,077

921893952

1,0351,1581,1871,1051,190

1,2591,4271,5821,6291,6731,6421,6061,5131,5671,547

1,6461,6571,6781,7261,7141,7951,8391,8441,8311,881

1,8831,9091,9682,0132,1232,2352,3312,3982,4bO2,517

2,579

77.2

69.960.548.645.851.355.761.966.563.966.8

70.880.688.599.3

108.3119.7143.4160.7173.6176.8

191.0206.3216.7230.0236.5254.4266.7281.4290.1311.2

325.2335.2355.1375.0401.2432.8466.3492.1535.8577.5

616.8

139.6

130.4126.1114.8112.8118.1125.5138.4143.1140.2148.2

155.7165.4161.4165.8171.4183.0203.5206.3210.8216.5

230.5232.8239.4250.8255.7>274. 2281.4288.2290.1307.3

316.1322.5338.4353.3373.7397.7418.1430.1452.3467.7

477.2

634

567487389364406437483516492510

536604656726782855

1,0141,1151,1841,185

1,2591,3371,3811,4411,4561,5391,5851,6431,6661,758

1,8001,8241,9021,9802,0882,2242,3682,4712,6632,842

3,003

1,145

1,0591,016

919897934985

1,0801,1101,0791,131

1,1781,2401,1971,2131,2381,3081,4391,4311,4381,451

1,5201,5091,5251,5721,5751,6591,6731,6831,6661,735

1,7491,7551,8131,8651,9452,0442,1232,1602,2482,301

2,323


574.9588.4595.6606.0

612.0623.0640.6650.6

665.3683.6693.0696.9

492.3498.6501.2504.0

504.7507.5515.9517.8

522.9532.0534.2529.8

3,2523,3333,3693,378

445.0448.4457.7458.1

463.3467.1468.7471.7

474.0478.1479.6477.1

2,5932,6342,6992,726

2,7752,8252,8602,904

2,9482,9953,0243,042

2,2202,2322,2722,268

2,2882,3022,3032,311

2,3172,3312,3312,312

121,875

123,188124,149124,949125,690126,485127,362128,181128,961129,969131,028

132,122133,402134,860136,739138,397139,928141,389144,126146,631149,188

151,684154,287156,954159,565162,391165,275168,221171,274174,141177,073

180,684183,756186.656189,417192.120194,592196,907199,119201,177203,213

205,395

200,435200,908201,465202,028

202,47520?, 953203, 505204,091

204,586205,113205, 706206,336

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

Sources: Department of Commerce (Office of Business Economics and Bureau of the Census) and Council of EconomicAdvisers.

215


TABLE C-17.—Sources of personal income, 1929-70


Year or quarter

1929

193019311932.19331934.1935.1936.1937.1938.1939.

1940.1941.1942.1943.1944.1945.1946.1947.1948.1949.

1950.1951.1952.1953.1954.1955.1956.1957.1958.1959.

1960.1961.1962.1963.19641965.19661967.1968.1969.

1970

Totalper-

sonalincome

85.9

77.065.950.247.054.060.468.674.168.372.8

78.396.0

122.9151.3165.3171.1178.7191.3210.2207.2

227.6255.6272.5288.2290.1310.9333.0351.1361.2383.5

401.0416.8442.6465.5497.5538.9587.2629.3688.7748.9

801.0

Wage and salary disbursements1

Total

50.4

46.239.130.529.033.736.741.946.143.045.9

49.862.182.1

105.6116.9117.5112.0123.0135.3134.6

146.7171.0185.1198.3196.5211.3227.8238.7239.9258.2

270.8278.1296.1311.13*3. 7358.9394.5423.1464.8509.0

540.1

Commodity-producingindustries

Total

21.5

18.514.39.99.8

12.113.515.818.415.317.4

19.727.539.148.950.345.846.054.361.057.7

64.676.181.889.485.492.8

100.2103.899.7

109.1

112.5112.8120.8125.7134.1144.5159.3166.5181.5197.5

201.2

Manu-factur-

ing

16.1

13.810.87.77.89.6

10.812.414.611.813.6

15.621.730.940.942.938.236.542.547.244.7

50.359.464.271.267.673.979.582.578.786.9

89.789.896.7

100.6107.2115.6128.1134.2145.9157.5

158.9

Distrib-utive

indus-tries

15.6

14.512.59.88.89.9

10.711.813.212.613.3

14.216.318.020.122.724.831.035.237.637.7

39.944.346.949.850.253.457.760.560.864.8

68.169.172.576.081.286.993.8

100.3109.2119.8

128.4

Serviceindus-tries

8.4

8.07.15.85.25.75.96.57.16.87.1

7.58.19.09.9

10.912.014.416.117.918.6

19.921.723.325.126.428.931.633.935.938.7

41.544.046.849.954.158.363.770.578.487.7

96.6

Gov-ern-ment

4.9

5.25.35.0

6il6.57.97.58.28.2

8.410.216.026.633.034.920.717.418.920.6

22.428.933.134.134.636.238.340.443.545.6

48.752.256.059.564.369.377.785.895.7

104.1

114.0

Otherlabor

in-come1

0.6

.6

.5

.5

.4

.4

.5

.6

.6

.6

.6

.7

.7

.91.11.51.81.92.32.73.0

3.84.85.36.06.37.38.49.59.9

11.3

12.012.713.914.916.618.720.722.324.927.6

30.4

Proprietors'income

Busi-nessand

profes-sional

9.0

7.65.83.63.34.75.56.77.26.97.4

8.611.114.017.018.219.221.620.322.722.6

24.026.127.127.527.630.331.332.833.235.1

34.235.637.137.940.242.445.247.349.150.5

51.4

Farm 2

6.2

4.33.42.12.63.05.34.36.04.44.4

4.56.49.8

11.711.612.214.915.217.512.7

13.515.815.013.012.411.411.411.313.411.4

12.012.813.013.112.114.816.114.815.016.4

16.2


1968: I . . .IIIIIIV.

1969: I . . .II...III.IV.

1970: I . . .II..MLIVP

664.0680.9697.6712.5

725.8741.1758.1770.5

782.3801.3807.2813.4

447.9458.9471.0481.4

491.6502.9516.4525.3

531.9539.5543.8545.4

175.2179.3183.2188.1

191.5196.0199.9202.5

202.7201.5201.9198.7

141.0144.1147.4150.9

153.2156.4159.7160.8

160.7159.6159.7155.8

105.2107.7110.9113.1

115.5118.5121.3123.8

125.9127.0129.7131.0

75.677.679.281.3

84.586.788.790.9

93.995.597.399.5

92.094.397.698.9

100.0101.7106.5108.1

109.3115.5114.9116.1

23.824.625.326.0

26.727.327.928.5

29.330.030.831.5

48.549.24.9.249.4

49.950.550.950.6

50.651.251.752.0

14.414.615.315.8

16.216.216.616.6

17.016.516.115.3


2 l 6


TABLE C-17.—Sources of personal income, 7929-70—Continued


Year orquarter

1929

1930193119321933193419351936193719381939.

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970 v

1968: I — .I I . . .IllIV

1969: I.

IV

1970: I .III l lIV p . . . .

Rentalncomeof per-sons

5.4

4.83.82.72.01.71.71.82.12.62.7

2.93.54.55.15.45.66.67.18.08.4

9.410.311.512.713.613.914.314.815.415.6

15.816.016.717.118.019.020.021.121.322.0

22.7

Divi-dends

5.8

5.54.12.52.02.62.84.54.73.23.8

4.04.44.34.44.64.65.66.37.07.2

8.88.68.68.99.3

10.511.311.711.612.6

13.413.815.216.517.819.820.821.423.324.7

25.2

Personalinterestincome

21.321.321.321.3

21.622.022.122.3

22.522.622.723.0

7.2

6.86.76.35.75.85.75.55.65.55.5

5.45.55.35.35.66.36.87.57.98.5

9.29.9

10.611.813.114.215.717.618.920.7

23.425.027.731.434.938.743.648.054.059.7

65.3

Transfer payments

Total

1.5

1.52.72.22.12.22.43 52.42.83.0

3.13.13.13.03.66.2

11.311.711.212.4

15.112.513.014.016.017.318.521.425.726.6

28.532.433.335.336.739.944.151.859.065.1

77.5

Old age,survivors,disability,and healthinsurancebenefits

0.0.0.0

.0

.1

.1

.2

.2

. 3

.4

.5

.6

.7

1.01.92.23.03.64.95.77.38.5

10.2

11.112.614.315.216.018.120.825.730.333.0

38.5

Stateunem-ploy-

ment in-surancebenefits

0.0.4.4

.5

.3

.3

.1

.1

.41.1.8.8

1.7

1.4.8

1.01.02.01.41.41.83.92.5

2.84.02.92.82.62.21.82.12.12.1

3.9

vet-erans

honofitcUd lull to

0.6

.61.6.8.5.4.5

1.9.6. 5.5

. 5

.5

.5

.5

.92.86.76.75.85.1

4.93.93.93.73.94.34.34.44.64.6

4.64.84.85.05.35.65.76.67.28.3

9.5

Other

0.9

.91.11.41.61.81.91.61.81.92.0

2.02.22.22.22.42.73.13.74.14.9

7.95.96.06.36.56.87.27.98.79.4

10.010.911.212.212.914.015.717.519.521.6

25.6

Less:Personalcontri-butions

for socialinsur-ance

0.1

.1

.2

.2

.2

.2

.2

.2

.6

.6

.6

7

!81.21.82.22.32.02.12.22.2

2.93.43.84.04.65.25.86.76.97.9

9.39.6

10.311.812.513.417.720.522.826.0

27.8


22.323.123.824.1

24.124.425.025.2

25.225.125.425.1

51.553.254.856.6

57.759.060.161.9

63.464.566.067.1

56.158.660.061.4

63.364.565.567.0

69.879.478.782.1

28.230.330.931.8

32.332.933.133.5

34.241.539.039.5

2.21.92.12.0

2.11.92.22.3

2.93.64.34.8

7.17.27.27.4

7.98.48.38.7

9.09.59.7

10.1

18.719.219.820.2

21.021.421.822.4

23.824.925.827.7

Non-agricul-

turalpersonalincome*

77.6

70.860.846.743.249.853.963.066.762.666.9

72.387.8

111.0137.3151.2156.4161.0173.0189.4191.3

210.9236.4254.1271.9274.7296.4318.5336.6344.3368.5

385.2400.0425.5448.1480.9519.5566.3609.4668.2726.7

778.6

21.922.623.123.5

25.225.826.426.8

27.427.728.028.1

644.2661.0676.8690.9

703.9719.1735.7747.9

759.2778.6784.9791.8

1 The total of wage and salary disbursements and other labor income differs from compensation of employees inTable C-12 in that it excludes employer contributions for social insurance and the excess of wage accruals over wagedisbursements.

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

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


217


T A B L E C—18.—Sources and uses of gross saving, 1929-70


Year orquarter

1929

193019311932193319341935 . .1936193719381939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970 v

1968- 1IIIII

1969: 1IIIIIIV

1970: 1III I I . . . .IV P .

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

Total

16.3

11.85.0.8.9

3.26.67.2

11.97.08.8

13.618.610.7

5.52.55.2

35.142.049.935 9

50.456.149.547.548.564.872.771.259.273.8

77.575.585.090.5

101.0115.3124.9119.5128.6143.7

139.0

Private saving

Total

15.3

12.18.02.52.35.68.6

10.311.58.7

11.0

14.322.442.049.754.344.729.727.541.439.0

42.550.353.354.455.662.167.870 571.775.9

73.979.887.988.7

102.4113.1123.8133.4135.9135.0

148.6

Per-sonalsaving

4.2

3.42.6

- . 6- . 9

.42.13.63.8.7

2.6

3.811.027.633.437.329.615.27.3

13.49.4

13.117.318.118.316.415.820.620.722.319.1

17.021.221.619.926.228.432.540.440.437.6

50.0

Grossbusi-ness

saving

11.2

8.65.33.23.25.26.46.77.78.08.4

10.511.414.516.317.115.114.520.228.029.7

29.433.135.136.139.246.347 349 849.456.8

56.858.766.368.876.284.791 393.095.697.3

98.6

Government surplusor deficit ( - )

Total

1.0

- . 3- 2 . 9- 1 . 8- 1 . 4- 2 . 4- 2 . 0- 3 . 1

- 1 . 8- 2 . 2

- . 7- 3 . 8

-31 .4-44 .1-51 .8-39 .5

5.414.48.5

- 3 . 2

7.85.8

- 3 . 8- 6 . 9-7 .0

2.74.9

-12 .5- 2 . 1

3.7- 4 . 3- 2 . 9

1.8- 1 . 4

2.21.1

-13 .9- 7 . 3

8.7

- 9 . 6

Fed-eral

1.2

. 3- 2 . 1- 1 . 5- 1 . 3- 2 . 9- 2 . 6- 3 . 6

- . 4- 2 . 1- 2 . 2

- 1 . 3- 5 . 1

-33 .1-46 .6-54 .5-42 .1

3.513.48.4

- 2 . 4

9.16.2

- 3 . 8- 7 . 0- 5 . 9

4.05.72.1

-10 .2- 1 . 2

3.5- 3 . 8- 3 . 8

- 3 . 01.2

- 2-12 .4- 6 . 2

9.3

-10 .8

Stateandlocal

- 0 . 2

- . 6- . 8- . 3- . 1

.5

. 6

.5

.7

.4(2)

.61.31.82.52.72.61.91.0

- . 7

- 1 . 2

.1- 1 . 1- 1 . 3- . 9

- 1 . 4- 2 . 3

- . 8

.2- . 5

.91.21.71.01.3

- 1 . 6- 1 . 1- . 6

1.2

Capitalgrants

receivedby theUnitedStates

0.9

Gross investment

Total

17.0

11.05.81.11.63.86.48.4

11.87.6

10.2

14.619.09.63.55.09.1

35.242.947.936.2

51.859.551.650.551.366.971.671.260.773.0

76.574.785.590.399.7

112.2123.9118.8126.2138.9

137.4

Grossprivatedomes-tic in-vest-ment

16.2

10.35.61.01.43.36.48.5

11.86.59.3

13.117.99.85.77.1

10.630.634.046.035.7

54.159.351.952.651.767.470.067.960.975.3

74.871.783.087.194.0

108.1121.4116.6126.5139.8

135.8

Netforeigninvest-ment i

0 8

.72224

- . 11

1.19

1 51.1

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

4.68.91.9

- 2 . 2.2

- . 3- 2 . 1

- . 51 53 4

—.2- 2 . 3

1.73.02.53.15.74.12 42.2

- . 3- . 9

1.6

Statis-ticaldis-

crep-ancy

0.7

- . 873

.6

.5- . 2

1.20

.61.3

1.0. 4

- 1 . 1- 2 . 0

2.53.9

.9- 2 . 0

.3

1.53.32.23.02.72.1

- 1 . 1. 0

1.6- . 8

- 1 . 0- . 8

.53

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

- 2 . 4-4 .7

-2 .5


121.6129.6129.8133.5

138.5142.5149.1144.2

139.3138.5140.6

132.3140.8134 3136.4

130.8130.7141 1137 1

140.5149.4151.8

40.844.636 539.6

34.333.342 041 1

44.851.552.750.9

91.596.297 896.8

96.597.499 196 0

95.797.999.1

-10 .7-11 .2—4 5- 2 . 9

7 711.88 07 i

- 1 . 2- 1 0 . 9- 1 1 . 2

- 9 . 2-10 .5—4 1- 1 . 1

9.513.48 36 1

- 1 . 7-14 .2- 1 1 . 8

- 1 . 6- . 7— 4

- 1 . 9

- 1 . 8- 1 . 5_ 31 0

.53.4.7

0.9.9.9.9

119.1128.1126.9130.9

134 9137.3143.6139.9

134.8136.3140.4138.1

119.8127.3126.5132.6

136.0139.3143.8140.2

133.2134.3138.3137.5

- 0 . 7.7.4

- 1 . 7

- 1 . 1- 2 . 0- . 1- . 3

1.62.02.1

.6

-2 .5-1 .6-2 .9-2 .6

-3 .6- 5 . 3-5 .5-4 .3

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

* Net exports of goods and services less net transfers to foreigners.'Surplus of $32 million.»Deficit of $41 million.Source: Department of Commerce, Office of Business Economics.

2l8


TABLE C-\9—Saving by individuals, 1946-70 J


Year orquarter

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

1950..1951._1952..1953..1954..

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

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

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

1969: I-

IV..

1 9 7 0 : I . . .III l l -

Total

25.420.723.619.2

27.330.326.329.927.9

33.634.933.532.533.2

28.731.337.338.945.2

52.556.162.757.355.3

Increase in financial assets

Total 2

18.413.39.2

10.0

13.718.021.422.122.3

27.928.928.031.134.9

27.734.939.344.951.3

56.054.466.663.656.4

Cur-rencyandde-

mandde-

posits

4.85

-2'. 5-1.9

2.24.61.7.5

1.9

1.2

l !3. 4

-1 .91.32.95.56.5

7.33.1

11.56.93.4

Sav-ingsac-

ounts

6.33.42.32.6

2.54.57.78.39.2

9.512.114.011.4

12.417.423.423.023.9

26.419.132.527.711.3

Securities

Gov-ern-lent

Corpo-rateandfor-eign

bonds

1.22.31.21.8

.4- . 5

.82.4.9

5.93.41.9

-1 .98.1

2.9.7.8

4.34.2

4.49.5

-1 .46.9

16.8

Corpo-rate

itocM

- 0 . 9- . 8- . 2- . 4

- . 2.0.0

- . 4

1.1.9

1.01.1.3

.2

.3- . 6- . 6- . 5

.72.04.04.64.9

1.11.11.0.7

.71.61.6.9.7

1.12.01.51.5.6

- . 4.4

-2.1-2.8

.0

-1.9-1.0-4.8-7.7-4.3

nsur-anceandpen-sionre-

erves

Non-farm

homes

5.35.45.35.5

6.96.27.67.97.9

8.49.69.5

10.111.5

11.712.212.813.915.3

17.218.020.019.520.3

Net investment in

4.26.9

10.59.0

13.713.512.813.513.7

17.716.413.812.716.5

14.512.012.812.612.5

12.011.59.2

13.013.2

Con-umerdu-

rables

5.87.57.17.0

10.25.53.66.44.9

9.95.94.9.6

5.5

5.12.96.78.9

11.2

14.815.212.417.017.3

Non-cor-po-ratebusi-ness

assets

3.33.27,42.4

6.44.52.51.62.7

3.51.92.43.33.2

2.13.25.66.96.2

9.07.28.27.6

Mort-gagedebton

non-farm

homes

Less:Increase indebt

3.84.35.04.1

7.47.16.47.78.6

12.211.28.88.8

12.6

10.810.912.714.816.0

15.212.310.54.9

116.3

Con-umet

credit

2.73.22.82.9

4.11.24.83.91.1

6.43.52.6.2

6.4

4.61.85.87.98.5

10.07.24.6

11.19.3

Otherdebt«

- 0 . 22.62.62.4

5.22.82.92.16.0

6.83.54.26.27.9

5.48.88.5

11.911.4

13.912.718.617.914.7


56.044.261.354.7

54.163.367.9

53.847.262.862.0

53.361.179.4

-7 .95.5

- 1 . 517.3

-3 .2- . 71.4

19.614.55.15.9

13.224.840.2

21.03.8

27.515.1

16.5.6

4.7

4.85.34.74.7

8.210.47.1

-5 .4-5 .3- 2 . 3-3 .8

-7 .01.4

-1 .5

18.519.924.518.5

20.020.221.9

13.615.413.210.5

10.29.58.2

17.817.714.814.5

11.112.210.0

8.68.19.68.9

6.88.88.4

17.016.916.015.2

12.312.614.0

9.910.48.88.4

4.86.26.4

10.916.814.217.6

10.19.2

17.7

1 Individuals'savingsectorincludeshouseholds, privatetrustfunds, nonprofit institutions, farms, and other noncorporatebusinesses.

2 Includes miscellaneous financial assets, not shown separately.3 U.S. Government and agency securities and State and local obligations.4 Includes investment company shares.5 Private life insurance reserves, private insured and noninsured pension reserves, and government insurance and

pension reserves.6 Security credit, policy loans, noncorporate business debt, and other debt.

Source: Board of Governors of the Federal Reserve System.

219


T A B L E C-20.—Number and money income {in 1969 prices) of families and unrelated individuals,by race of head, 1947-69

Year

FAIVHUES:i194719481949

1950.1951.. .1952...1953...1954...1955..1956..1957...1958...1959...

19601961..1962...1963. . .1964...1965.. .1966—

1966 2.1967 2.1968 21969 2,

UNRELATEDINDIVIDUALS:194719481949

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

I960..1961.1962.1963_1964..1965..1966.

1966 2.1967 2.1968 2.1969 2.

Totalnum-ber

(mil-lions)

37.238.639.3

39.940.640.841.242.042.943.543.744.245.1

45.546.347.047.447.848.348.9

49.149.850.551.2

8.28.49.0

9.49.19.79.59.79.99.8

10.410.910.9

11.111.211.011.212.112.112.4

Total

12.313.113.814.5

Medianincome

$4,9724,8554,779

5,0695,2395,3865,8075,6756,0556,4496,4566,4416,808

6,9627,0347,2287,4877,7588,0828,396

8,4678,7649,1029,433

1,6401,5311,641

1,6121,6851,9471,9121,6671,8041,9221,9601,9181,970

2,1312,1522,1302,1652,3512,5022,570

With incomesunder $3,000

Num-ber

(mil-lions)

9.19.5

10.3

9.79.18.98.59.38.47.77.88.07.6

7.67.87.47.06.66.35.9

5.85.54.94.8

Per-cent

24.424.726.1

24.422.421.720.622.119.717.817.918.116.8

16.816.915.714.813.813.012.2

11.910.99.69.3


Num-ber

(mil-lions)

3.94.24.3

4.54.34.14.24.64.44.24.34.54.4

4.34.34.04.04.13.93.8

Per-cent

47.649.447.7

48.447.742.344.147.444.442.841.241.940.9

39.138.336.636.234.731.831.0

White

Totalnum-ber

(mil-lions)

34.135.3

38.239.039.539.740.240.9

41.141.942.442.743.143.544.0

44.144.845.446.0

7.27.3

8.28.58.58.99.29.3

9.69.69.59.7

10.410.510.8

10.7

Medianincome

$5,1945,0514,973

5,2905,4555,6886,0295,9136,3326,7446,7236,7147,106

7,2527,3617,5647,8418,1018,4248,718

8,7979,0869,4339,794

1,7361,6181,760

1,7141,7752,1082,0221,7941,9171,9732,0822,0192,093

2,3052,3162,2852,2762,4712,6182,683


Num-ber

(mil-lions)

7.37.7

7.56.76.06.16.25.8

5.96.05.75.45.14.94.6

4.54.33.83.7

Per-cent

21.121.723.4

21.619.518.718.319.617.215.415.515.514.3

14.314.413.412.611.911.210.4

10.29.68.38.1


Num-ber

(mil-lions)

3.33.5

3.73.63.53.53.73.6

3.53.53.33.33.43.23.2

Per-

45.947.946.0

47.046.740.643.245.242.541.739.440.238.9

36.936.034.434.333.130.429.7

Negro and other races

Totalnum-ber

(mil-lions)

3.13.3

3.83.94.04.04.04.2

4.34.54.64.84.84.84.9

5.05.05.15.2

1.01.1

1.51.41.31.51.61.6

1.51.61.51.51.61.71.6

1.6

Medianincome

$2,6602,6942,538

2,8482,8713,2303,3903,2923,4853,5483,5983,4513,661

4,0013,9134,0374,1654,5334,6665,224

5,2755,6415,8956,191

1,2241,2021,261

1,2451,3471,4571,5871,2371,3201,4851,4051,4081,406

1,3921,4361,5221,5611,7561,9311,954


Num-ber

(mil-lions)

1.81.8

1.81.71.71.71.81.8

1.71.81.71.61.51.41.3

1.31.21.11.1

Per-cent

56.755.158.1

52.452.345.743.646.343.442.042.344.141.9

38.439.236.235.330.829.526.2

25.924.221.420.4


Num-ber

(mil-lions)

0.6.7

Per-cent

57.760.258.2

57.354.151.348.358.855.750.553.252.952.7

53.552.149.448.744.740.640.5

2,6442,9452,931

4.03.73.8

30.526.726.5

11.312.012.5

2,7603,0903,078

3.33.03.1

29.225.124.6

1.81.82.0

2,0162,1382,170

39.136.738.1

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

2 Based on revised methodology.3 The term "Unrelated individuals" refers to persons 14 years old and over (other than inmates of institutions) who are

not living with any relatives.Source: Department of Commerce, Bureau of the Census.

2 2 0


POPULATION, EMPLOYMENT, WAGES, ANDPRODUCTIVITY

TABLE C-21.—Population by age groups: Estimates, 1929-70, and projections, 1975-85[Thousands of persons]

July 1

Estimates:1929

19301931193219331934..

1935193619371938 . .1939

1940 .1941194219431944

1945194619471948 ..1949

195019511952...19531954

19551956195719581959

1960 .. .1961196219631964

1965196619671968_.1969

19701

Projections^1975: Series C-...

Series D

1980: Series C . . .Series D

1985: Series C . . .Series D

Total

121,767

123,077124.040124.840125. 579126,374

127,250128. 053128.825129,825130,880

132,122133,402134,860136,739138, 397

139,928141,389144,126146,631149,188

152,271154,878157,553160,184163,026

165,931168,903171,984174,882177,830

180,684183,756186 656189.417192,120

194,592196,920199,114701,152203, 216

205, 395

217, 557215, 588

232, 412227, 510

249,248240, 925

Age (years)

Under 5

11,734

11,37211,17910,90310,61210,331

10,17010,04410,00910,17610,418

10,57910,85011,30112,01612,524

12,97913,24414,40614,91915,607

16,41017,33317,31217,63818,057

18, 56619,00319,49419,88720,175

20,36420,65720,74620.75020,670

20,40419,81119,16818, 50617,960

17, 741

19,96818,187

23, 24520, 305

25,79122, 356

5-15

26,800

26,98326,98426,96926,89726,796

26.64526,41526,06225,63125,179

24,81124,51624,23124,09323,949

23,90724,10324,46825,20925,852

26,72127,27928.89430,22731,480

32,68233,99435,27236,44537,368

38,50439,76841,16841,62042,294

42,96343,82244,48844,97845, 260

45, 289

42,76142, 572

42,03740,074

47,30142,412

16-19

9,127

9,2209,2599,2849,3029,331

9,3819,4619,5789,7179,822

9,8959,8409,7309,6079,561

9,3619,1199,0978,9528,788

8,5428,4468,4148,4608,637

8,7448,9169,1959,54310,215

10,69811,09311,25812,06112,819

13,56314,30414,16714,33814,655

15,082

} 16,610

] 16,892

} 14,442

20-24

10,694

10,91511,00311,07711,15211,238

11,31711,37511,41111,45311,519

11,69011,80711,95512,06412,062

12,03612,00411,81411,79411,700

11,68011,55211,35011,06210, 832

10,71410,61610,60310,75610,969

11,11611,40811,88912,62013,154

13,67914,06315,17815, 74816, 484

17,176

19, 205

20,911

20,933

25-44

35,862

36,30936,65436,98837,31937,662

37,98738,28838, 58938,95439,354

39,86840,38340,86141,42042,016

42, 52143,02743,65744,28844,916

45,67246,10346,49546,78647,001

47,19447,37947,44047,33747,192

47,13447,06146,96846,93246,881

46,80746,85547,08447, 62147, 994

48,388

53,927

62, 302

71, 867

45-64

21, 076

21,57322,03122,47322,93323,435

23,94724,44424,91725,38725,823

26,24926,71827,19627,67128,138

28,63029,06429,49829,93130,405

30,84931,36231,88432,39432,942

33,50634,05734,59135,10935,663

36,20836,75637,31637,86938,438

39,01539,60140, 22440, 82741, 393

41, 893

43, 583

43, 533

43,439

65 andover

6,474

6,7056,9287,1477,3637,582

7,8048,0278,2588,5088,764

9,0319,2889,5849,86710,147

10,49410,82811,18511,53811,921

12,39712,80313,20313,61714,076

14,52514,93815,38815,80616,248

16,65917,01317,31117,56517,863

18,16218,46418,80419,13419,470

19,825

21, 503

23,492

25,474

i Data for 1970 are based on the 1960 Census. The total tabulation for July 1, 1970 based on the 1970 Census is204,835,000. Data by age on this basis are not yet available.

2Two of four series projected by the cohort method and based on different assumptions with regard to completedfertility, which moves gradually toward a level of 2,775 children per 1,000 women for Series C and 2,450 children per1,000 women for Series D. For further explanation of method of projection and for additional data, see "Population Esti-mates and Projections, Current Population Reports, Series P-25, No. 448," August 6, 1970.

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

Source: Department of Commerce, Bureau of the Census.

411-364 O—71-2 2 1

-15


TABLE G-22.—Noninstitutional population and the labor force, 1929-70

Year or month

1929

19301931193219331934. .

19351936193719381939.

19401941194219431944

19451946 .1947

19471948.1949

19501951195219531954

19551956 .19571958 _1959

19601961196219631964

19651966196719681969

1970

1969: Jan .FebMarAprMay . .June -

JulyAugSept .OctNovDec

Nonin-stitu-tionalpopu-lation

Totallaborforce

(includ-ing

ArmedForces)

ArmedForces

Civilian labor force

Total

Employment

TotalAgri-cul-tural

Non-agri-cul-tural

Unem-ploy-ment

Thousands of persons 14 years of age and over

100,380101,520102,610103,660104,630

105.530106,520107,608

103.418104,527105,611

106,645107,721108,823110,601111,671

112,732113,811115,065116.363117,881

119,759121,343122,981125,154127,224

129,236131,180133,319135,562137,841

140,182

136,802136,940137,143137,337137,549137,737

137,935138,127138,317138,539138,732138,928

49,440

50 08050,68051,25051,84052,490

53,14053,74054,32054,95055,600

56,18057,53060,38064,56066,040

65.30060,97061,758

260

260260250250260

270300320340370

5401,6203,9709,020

11,410

11,4403,4501,590

49,180

49 82050 42051,00051,59052,230

52 87053,44054,00054,61055,230

55,64055,91056,41055,54054,630

53,86057,52060,168

47,630

45 48042,40038,94038,76040,890

42,26044,41046,30044,22045,750

47,52050,35053,75054,47053,960

52,82055,25057,812

10,450

10 34010 29010 17010,0909,900

10 11010,0009,8209,6909,610

9,5409,1009,2509,0808,950

8,5808,3208,256

37,180

35 14032,11028,77028,67030,990

32,15034,41036,48034,53036,140

37,98041,25044,50045,39045,010

44,24046,93049,557


60,94162,08062,903

63,85865,11765,73066,56066,993

68.07269,40969.72970,27570,921

72,14273,03173,44274,57175,830

77,17878,89380,79382.27284,239

85,903

81,71182,57982,77083,13783.08585,880

86,31886, 04684,52785,03884,92084,856

1,5911,4591,617

1,6503,1003,59?3,5453,350

3,0492,8572,8002,6362,552

2,5142,5722,8282,7382,739

2,7233,1233,4463,5353,506

3,188

3,4773,4753,5043,5163,5223,524

3,5213,5303,5433,5283,4933,440

59,35060,62161,286

62,20862,01762,13863,01563,643

65,02366,55266,92967,63968,369

69,62870,45970,61471.83373,091

74,45575,77077,34778,73780,733

82,715

78,23479,10479,26679,62179,56382,356

82,79782. 51680,98481,51081,42781,416

57.03958,34457,649

58,92059,96260,25461,18160,110

62,17163,80264,07163,03664,630

65,77865,74666,70267,76269,305

71,08872,89574,37275.92077,902

78,627

75,35876,18176,52077,07977,26478,956

79,61679,64678, 02678,67178,71678,788

7,8917,6297,656

7,1606,7266,5016,2616,206

6,4496,2835,9475,5865,565

5,4585,2004,9444,6874,523

4,3613,9793,8443.8173,606

3,462

3,1653,2853,3273,6073,8944,367

4,1553,9773,6293,5613 3222,984

49,14850,71349,990

51,76053,23953,75354,92253,903

55,72457,51758,12357,45059,065

60,31860,54661,75963,07664,782

66,72668,91570 52772.10374,296

75,165

72,19272,89673,19373,47173,37074,589

75,46075,66974,39775,11075 39575,805

1,550

4,3408,020

12,06012,83011,340

10,6109,0307,700

10,3909,480

8,1205,5602,6601,070

670

1,0402,2702,356

2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502,8594,6023,740

3,8524,7143,9114,0703,786

3,3662,8752,9752.8172,831

4,088

2,8762,9232,7462,5422,2993,400

3,1822,8692,9582,8392,7102,628

Totallabor

force aspercentof non-institu-tionalpopu-lation

Unem-ploy-ment

as per-cent ofcivilian

laborforce

Percent

56 056 758.862.363.1

61.957.257.4

3.2

8.715.923.624.921.7

20.116.914.319.017.2

14.69.94.71.91.2

1.93.93.9

Percent

58.959.459.6

59.960.460.460.260.0

60.461.060.660.460.2

60.260.259.759.659.6

59.760.160 660.761.1

61.3

59.760.360.460.560.462.4

62.662.361.161.461.261.1

3.93.85.9

5.33.33.02.95.5

4.44.14.36.85.5

5.56.75.55.75.2

4.53.83.83.63.5

4.9

3.73.73.53.22.94.1

3.83.53.73.53.33.2


222


TABLE G-22.—Noninstitutional population and the labor force, 1929-70—Continued

Year or month

1970: JanFebMarAprMayJune

JulyAugSeptOctNovDec

1969: Jan...Feb...Mar..Apr...May..June..

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

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

July..Aug..Sept..OcL-Nov..Dec.-

Nonin-stitu-tionalpopu-lation

Totallaborforce

(includ-ing

ArmedForces)

ArmedForces

Civilian labor force

Total

Employment

TotalAgri-cul-tural

Non-agri-cul-tural

Unem-ploy-ment


139,099139,398139,497139,687139,884140,046

140,259140,468140,675140,886141,091141,301

84,10584,62585,00885,23184,96887,230

87,95587,24885,65686,22586,38686,165

3,3863,3423,3183,2713,2273,180

3,1543,1333,1093,0503,0393,013

80,71981,28381,69081,96081,74184,050

84,80184,11582,54783,17583,34783,152

77,31377,48977,95778,40878,35779,382

80,29179,89478,25678,91678,74178, 516

2,91,52,9943,1713,5313,7254,208

4,1183,7823,5253,3943,2262,952

74,39874,49574,78674,87774,63275,174

76,17376,11274,73075, 52275,51575, 564

3,4063,7943,7333,5523,3844,669

4,5104,2204,2924,2594,6074,636

Totallabor

force aspercentof non-institu-tionalpopu-lation

Unem-ploy-ment

as per-cent ofcivilianlaborforce

Percent

Seasonally adjusted

83,23383,67483,83383,95083,65284,028

84,31084,51784,86885,05184,87285,023

85, 59985, 59086,08786,14385,78385, 304

85,96785,81086,14086,43286,43286, 459

79,75680,19980,37980,43480,13080, 504

80,78980,98781,32581, 52381,37981,583

82,21382,24982,76982,87282, 55582,125

82,81382,67683,03183,35383,39383, 446

77,08177,52477,65077,58977,32177,741

77,93178,14278,19478,44578,52878,737

79,04178,82279,11278,92478,44978,225

78,63878,44578,42478,68678,53578, 472

3,7173,8363,7103,6613,7773,683

3,5613,6143,4983,4463,4343,435

3,4263,4993,5503,5863,6133,554

3,5193,4203,3993,2883,3333,411

73,36473,68873,94073,92873,54474,058

74,37074, 52874,69674,99975,09475,302

75,61575,32375, 56275, 33874,83674,671

75,11975,02575,02575,39875,20275, 061

2,6752,6752,7292,8452,8092,763

2,8582,8453,1313,0782,8512,846

3,1723,4273,6573,9484,1063,900

4,1754,2314,6074,6674,8584,974

60.560.860.961.060.762.3

62.762.160.961.261.261.0

4.24.74.64.34.15.6

5.35.05.25.15.55.6

3.43.33.43.53.53.4

3.53.53.8

t3.5j

3.94.24.44.85.04.7

5.05.15.55.65.86.0

Note.—Labor force data in Tables C-22 through C-25 are based on household interviews and relate to the calendarweek including the 12th of the month. For definitions of terms, area samples used, historical comparability of the data,comparability with other series, etc., see "Employment and Earnings."

Source: Department of Labor, Bureau of Labor Statistics.

223


TABLE C-23.—Civilian employment and unemployment, by sex and age, 1947-70

[Thousands of persons 16 years of age and over]

Year ormonth

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

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

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

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

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

1970.. . .

1969: Jan. . . . .Feb . . .Mar. . . .Apr _.May.. . .June. . .

JulyAugSept....OctNov . .D e c . . .

1970: Jan. . . . .Feb. . . .Mar . .Ap r . . . .May.. . .June. . .

July. . . .AugSept....OctNov .._Dec

57,039 40,99458,344 41,72657,649.40,926

58,920 41,58059,962 41,78060,254 41,68461,181 42,43160,110 41,620

Employment

Total

Males

Total

171 42,621802 43,380071 43,357036 42,423630 43,466

778 43,904746 43,656702 44,177762 44,657305 45,474

088 46,340895 46,919372 47,479920 48,11490248,818

78,627,48,960

16-19years

20yearsandover

2,218 38,2,345 39,2,124,38,

2,186 39,2,156 39.2,106 39,2,135 40.1,985:39,

Females

20

Total

776 16,045382 16,618803 16,723

394 17,340626 18,182578 18,570296 18,750634.18,490

2.095 40,526 19,5502,164 41,216 20,4222,117 41,239 20,7142,012 40,411 20,6132,198 41,267.21,164

2,360 41,543 21,8742,314 41,342 22,0902,362 41,815 22,5252,406 42,251 23,1052,587 42.886 23,831

2,918 43,422 24,7483,252 43,668 25,9763,186 44,293 26,8933.255 44.859 27,8073,430 45,388 29,084

3,407 45,553 29,667

[,691 14.3541,683 14,9371,588

1,517.

15,137

15,8241,611 16,570-,612,16,958,584117,164,490,17,000

,548118.002,654,18,767,663 19,052,570 19,043,640 19,524

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

2,118 22,6302,469 23,5102,497,24,3972. 525 25.2812,686,26,397

2,734 26,932

Unemployment

Total

2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502.8594,6023,740

3,8524,7143,9114,0703,786

3,3662,8752,9752,8172,831

4,088

Males

Total

1,6921,5592,572

2,2391,2211,1851,2022,344

1,8541,7111,8413,0982,420

2,4862,9972,4232,4722,205

1,9141,5511,5081,4191,403

2,235

16-19years

20yearsandover

270 1,422255 1,305352 2,219

318191205184310

274269299416398

425479407500487

479432448427441

599

1,9221,029980

1,0192,035

1,5801,4421,5412,6812,022

2,0602,5182,016

,971,718

,435,120,060993963

1,636

Females

Total

619717

1,065

1,049834698632

1,188

9981,0391,0181,5041,320

1,3661,7171,4881,5981,581

1,4521,3241,4681,3971,428

1,853

16-19years

Seasonally adjusted

77, 081 48,77, 524 48,77,650 48,77, 589 48,77, 32177, 741

!, 6121,754,8221,745

48,65448,697

48,702!,819,956

.,9499,0679,055

77,93178,142 48|78,194 48,78,445 48,94978,528 49, "'"78, 737 49,

79, 04178, 822 49;79,112 49,78,924 49,78,449 49,78, 225 48,

78,638 48,78,445 48,78, 424 48,78,686 48,78,535 48,78,472 48,

49, 204•\058

i,313i,0991,081

778

,855,6621,8991,8641,950,869

28,46945, 323 28, 770

448 45, 374 28,82828,84428,667

394 45, 303 29, 044

3,418 45,1943,431

3,'463 45;3, 403 45,3,

3, 367 45,335 29,3,334 45,4853,491 " ""3,438 45)511

29,22929, 323

45,465 29,23845,511 29,496

3, 534 45, 533 29, 4613, 502 45, 553 29,682

530 45,674 29,837524 45,534 29,764604 45, 709 29, 799432 45,667 29,825488 45, 593 29, 368

29,447

3,3,3,3,

3] 257 45; 521

3,3313,238 45,424 29,3, 377 45, 522 29,3,326 45, 538 293,439 45,5113,504

45, 524 29, 783i,7831,525822

29; 58545,365 29,603

2,5272, 570 262,612 26,2,6512,626 26|2,722

25,942», 200i, 216

26,19326, 04126, 322

,717 26,2,2,6972,695 26,2, 7972,7982,!, 785 26,

26, 51226,62626,54326,69926,663" ,897

2,777 27,2,8392,7832, 803 27;2,892 .,2,675 26,

2,710 27,2,6912,775 26!2, 740 27,2,623 26,2, 578 27

,06026,92527, 016~n, 02226, 476"1,772

,07327, 092' , 750,082,962,025

144152223

195145140123191

176209197262256

286349313383386

395404391412412

506

20yearsandover

475564841

854689559510997

823832821

1,2421,063

1,0801,3681,1751,2161,195

1,056921

1,078985

1,016

1,347

2,6752,6752,7292,8452,8092,763

2,8582,8453,1313,0782,8512,846

3,1723,4273,6573,9484,1063,900

4,1754,2314,6074,6674,8584,974

1,3571,3051,3271,3691,3691,338

1,4521,3811,5951,5461,4641,459

1,6621,8271,8652,1472,2502,201

2,3162,3622,5922,6482,6782,763

454425446448426405

449423474458466434

510525514615617568

546608675684686708

903880881921943933

1,003958

1,1211,088998

1,025

1,1521,3021,3511,5321,6331,633

1,7701,7541,9171,9641,9922,055

1,3181,3701,4021,4761,4401,425

1,4061,4641,5361,5321,3871,387

1,5101,6001,7921,8011,8561,699

1,8591,8692,0152,0192,1802,211

356392426442426406

394426445464379409

497459513549447445

432514565557601582

962978976

1,0341,0141,019

1,0121,0381,0911,0681,008978

1,0131,1411,2791,2521,4091,254

1,4271,3551,4501,4521,5791,629

Note—See Note, Table C-22.


224


TABLE C-24.—Selected unemployment rates, 1948-70

IPercent]

Year or month

1948.1949.

1950.1951.1952.1953.1954.

1955.1956.1957.1958.1959.

1960.1961.1962.1963.1964.

1965.1966.1967.1968.1969.

1970.

1969: Jan.. .Feb..Mar. .Apr. .May..June.

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

1970: JanFeb..Mar. .Apr_.May..June.

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

Allwork-

ers

3.85.9

5.33.33.02.95.5

4.44.14.36.85.5

5.56.75.55.75.2

4.53.83.83.63.5

4.9

By sex and age

Bothsexes16-19years

9.213.4

12.28.28.57.6

12.6

11.011.111.615.914.6

14.716.814.717.216.2

14.812.812.812.712.2

15.3

Men20

yearsandover

3.25.4

4.72.52.42.54.9

3.83.43.66.24.7

4.75.74.64.53.9

3.22.52.32.22.1

3.5

Wom-en 20yearsandover

3.65.3

5.14.03.22.95.5

4.44.24.16.15.2

5.16.35.45.45.2

4.53.84.23.83.7

4.8

By color

White

3.55.6

4.93.12.82.75.0

3.93.63.86.14.8

4.96.04.95.04.6

4.13.43.43.23.1

Negroand

otherraces

5.98.9

9.05.35.44.59.9

8.78.37.9

12.610.7

10.212.410.910.89.6

8.17.37.46.76.4

4.5 8.2

By selected groups

Expe-riencedwageand

salaryworkers

3.76.2

5.63.22.92.66.2

4.84.44.67.25.7

5.76.85.65.55.0

4.33.53.63.43.3

4.8

Mar-ried

men*

3.5

4.61.51.41.74.0

2.82.62.85.13.6

3.74.63.63.42.8

2.41.91.81.61.5

2.6

Full-time

work-ers 2

5.4

5.02.62.5

5.2

3.83.74.07.2

6.7

5.44.8

4.23.43.53.13.1

4.5

Blue-collarwork-ers 3

4.28.0

7.23.93.63.47.2

5.85.16.2

10.27.6

7.89.27.47.36.3

5.34.24.44.13.9

6.2

Laborforce

time lost*

Seasonally adjusted

3.43.33.43.53.53.4

3.53.53.83.83.53.5

3.94.24.44.85.04.7

5.05.15.55.65.86.0

12.012.012.612.712.411.7

12.212.312.912.911.811.8

13.813.413.915.714.314.6

13.915.916.817.117.517.5

2.01.91.92.02.02.0

2.22.12.42.32.12.2

2.52.82.93.23.53.5

3.73.74.04.14.24.3

3.63.63.63.83.73.7

3.73.83.93.83.63.5

3.64.14.54.45.14.5

5.04.85.15.15.55.7

3.03.03.13.13.13.0

3.23.23.53.53.23.2

3.63.84.14.34.64.2

4.74.85.15.25.55.5

6.25.96.17.06.46.8

6.56.46.76.66.25.7

6.37.07.18.78.08.7

8.38.49.09.38.89.3

3.23.13.13.33.23.2

3.33.33.63.63.43.4

3.63.94.24.24.74.6

5.15.05.45.75.65.9

1.41.41.41.51.51.5

1.61.51.71.61.51.7

1.82.02.22.42.62.5

2.72.82.93.13.23.3

3.02.93.03.23.13.1

3.13.13.33.13.13.2

3.43.74.04.44.74.3

4.64.75.05.05.55.8

3.83.63.74.03.83.7

3.83.84.44.24.24.3

4.65.05.25.76.26.3

6.67.07.57.27.37.7

5.15.38.16.6

6.78.06.76.45.8

5.04.24.24.03.9

5.4

3.73.73.73.83.83.8

4.04.04.34.34.03.9

4.24.54.85.15.44.9

5.45.56.06.26.26.3

* Married men living with their wives. Data for 1949 and 1951-54 are for April; 1950, for March.2 Data for 1949-61 are for May.3 Includes craftsmen, operatives, and nonfarm laborers. Data for 1948-57 are based on data for January, April, July,

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

labor force man-hours.

Note.-See Note, Table C-22.


225


TABLE C-25.— Unemployment by duration, 1947-70

194719481949

19501951195?19531954

19551956195719581959

I9601961196?19631964

1965196619671968.1969

1970

1969*

1970-

JanFebMar .Apr _MayJune


JanFebMarApr .MayJune


Year or monthTotal un-employ-

ment Less than5 weeks

Duration of unemployment

5-14weeks

15-26weeks

27 weeksand over


2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502,8594,6023,740

3,8524,7143,9114,0703,786

3,3662,8752,9752,8172,831

4,088

1,2101,3001,756

1,4501.177,13514?

,605

33541?

,408,753,585

,719,806,663,751,697

1,628,573,634,594.629

2,137

704669

1,194

1,055574516482

1,116

815805891

1,3961,114

1,1761,3761,1341,2311,117

983779893810827

1,289

234193428

425166148132495

366301321785469

503728534535491

404287271256242

427

164116256

3571378478

317

336232239667571

454804585553482

351239177156133

235

Seasonally adjusted *

2,6752,6752,7292,3452,8092,763

2,8582,8453,1313,0782,8512,846

3,1723,4273,6573,9484,1063,900

4,1754,2314,6074,6674,8584,974

1,507,461,625,711,720,578

1,656,646

1,756,882

1,5581,515

1,7561,9731,9952,2952,2191,961

2,0612,2062,3312,4472,2892,299

767833111748639812

824854995882912893

9141,0161,1541,0751,2141,303

1,3341,3201,5011,5071,7561,591

203238240246263255

233250240233249272

276306363372352450

470479501496550697

121113119135137130

167135152130140120

133159182197260235

241257291249320348

i Because of independent seasonal adjustment of the various series, detail will not add to totals.

Note.—See Note, Table C-22.


226


TABLE G-26.— Unemployment insurance programs, selected data, 1940-70

Year or month

All programs

Cov-eredem-ploy-

ment1

Insuredunem-ploy-ment

(weeklyaver-

age) 2 3

Totalbenefits

paid(mil-lions

of dol-lars) 2 *

State programs

nsuredunem-ploy-

ments

Initialclaims

Ex-haus-tions «

Insured unem-ployment as per-cent of covered

employment

Unad-justed

Season-ally ad-justed

Benefits paid

Total(mil-

lions ofdol-

lars) <

Aver-age

weeklycheck(dol-lars) «

1940194119421943194419451946194719481949195019511952195319541955.1956195719581959196019611962196319641965.19661967196819691970 v1969: Jan...

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

1970: Jan...Feb..Mar..Apr..May..June.July..Aug..Sept..Oct..Nov..Dec p.

Thousands Weekly average, thousands Percent

24,29128,13630,81932,41931,71430,08731,85633,87634,64633,09834,30836,33437,00638,07236,62240,01842,75143,43644,41145,72846,33446,26647,77648,43449.63751,58054.73956,34257,976

*60,003

*57, 88057, 898>58,476*>59, 274?59,838*60,941*60,938*61,276*61,087*>60,755P60, 603»61,070-58, 96058,848

8 59,167

1,331842661149111720

2,8041,7931,4462,4741,6051,0001,0691,0672,0511,3991,3231,5713,2692,0992,0712,9941,946

U.9731,7531,4501,1291,2701,1871,1771,9501,5851,5511,3851,163

971912

1,0891,016

903930

1,1061,4651,9581,9881,9171,8851,7781,6961,8971,8551,7461,8862,2332,615

534.7358.8350.480.567.2

574.92,878. 51,785.51,328.72,269.81,467.6

862.91,043. 51,050.62,291.81,560.21,540.61,913.04,290.62.854.33, 022. 84,358.13,145.13,025.92,749.22.360.41,890.92,220.02,191.02,298.63,960.0

264.6250.8242.6214.9164.9145.7171.8169.7148.3152.2149.1231.2320.8331.4355.1345.6315.5315.4340.8340.5328.2332.0321.8392.5

1,282814649147105589

1,295997980

1,9731,513

9691,044

9901,8701,2651,2151,4462,5261,6841,9082,2901,7831,8061,6051,3281,0611,2051,1111,1011,8101,4911,4591,3001,090

906852

1,021948840864

1,0301,3751,8471,8741,7981,7701,6671,5831,7611,7101,6071,7242,0172,367

2141641223629

116189187200340236208215218304226111270369111331350302

7 298268232203226201200295275219173167144162246172146167213289355290245298246248333248244278335398

503021425

38242037361618153425202350333146323026211517161624161717191717151413131415182020232425242626262628

5.63.02.2.5.4

2.14.33.13.06.24.62.82.92.85.23.53.23.66.44.44.85.64.44.33.83.02.32.52.22.13.43.02.92.62.21.81.72.01.81.61.62.02.73.63.63.53.43.23.03.33.23.03.23.74.4

2.12.12.12.12.02.12.22.22.22.22.32.42.52.62.83.23.63.73.63.74.14.44.44.0

518.7344.3344.179.662.4

445.91,094.9

775.1789.9

1,736.01,373.1

840.4998.2962.2

2,026.91,350.31,380.71,733.93,512.72,279.02,726.73,422.72,675.42,774.72, 522.12,166. 01,771.32,092. 32,031.62,127.93,700.0

246.1234.2226.5200.1153.0135.0159.2156.7136.2139.5136.9213.6299.5310.8331.1321.5293.6292.3314.2312.3300.2304.2298.7369.8

10.5611.0612.6613.8415.9018.7718.5017.8319.0320.4820.7621.0922.7923.5824.9325.0427.0228.1730.5830.4132.8733.8034.5635.2735.9237.1939.7541.2543.4346.1750.1046.1646.8046.7046.0345.1444.8345.3046.1645.7046.2546.4747.4248.5149.1148.9349.2049.4649.6849.5750.6350.6451.4553.0153.64

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

2 Includes State, UCFE, RR, UCX, UCV (unemployment compensation for veterans, October 1952-January 1960), andSRA (Servicemen's Readjustment Act, September 1944-September 1951) programs. Also includes Federal and Stateprograms for temporary extension of benefits from June 1958 through June 1962, expiration date of program.

3 Covered workers who have completed at least 1 week of unemployment.4 Includes benefits paid under extended duration provisions of State laws, beginning June 1958. Annual data are net

amounts and monthly data are gross amounts.* Individuals receiving final payments in benefit year.• For total unemployment only.7 Programs include Puerto Rican sugarcane workers for initial claims and insured unemployment beginning July 1963.8 Preliminary; March 1970 is latest month for which data are available for all programs combined. Workers covered

by State programs account for about 88 percent of the total.

Source: Department of Labor, Manpower Administration.

227


TABLE C-27.—Wage and salary workers in nonagricultural establishments, 1929—70

[All employees; thousands of persons]

Year ormonth

Totalwageand

salarywork-

ers

Manufacturing

TotalDura-

blegoods

Non-dura-ble

goods

Min-ing

Con-tractcon-

struc-tion

Trans-porta-tionandpub-lic

utili-ties

Whole-saleand

retailtrade

Fi-nance,insur-ance,andreal

estate

Serv-ices

Government

Fed- Stateandlocal

1929..

1930..1931..1932..1933..1934..

1935..1936..1937..1938..1939..

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

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

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

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

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

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

31,339

29,42426,64923,62823,71125,953

27,05329,08231,02629.20930,618

32,37636,55440,12542,45241,883

40,39441,67443,88144,89143,778

45,22247,84948,82550,23249,022

50,67552,40852,89451,36353,313

54,23454,04255,59656,70258,331

60,81563,95565,85767,91570,274

1970 v 70,669

10,702

9,5628,1706,9317,3978,501

9,0699,82710,7949,44010,278

10,98513,19215,28017,60217,328

15,52414,70315,54515, 58214,441

15,24116,39316,63217,54916,314

16,88217,24317,17415,94516,675

16,79616,32616,85316,99517,274

18,06219,21419,44719,78120,169

19,401

4,715

5,3636,9688,823

11,08410,856

9,0747,7428,3858,3267,489

8,0949,0899,349

10,1109,129

9,5419,8349,8568,8309,373

9,4599,0709,4809,6169,816

10,40611,28411,43911,62611,893

11,210

5,564

5,6226,2256,4586,5186,472

6,4506,9627,1597,2566,953

7,1477,3047,2847,4387,185

7,3407,4097,3197,1167,303

7,3367,2567,3737,3807,458

7,6567,9308,0088,1558,277

8,190

1,087

1,009873731744883

897946

1,015891854

925957992925892

836862955994930

901929898866791

792822828751732

712672650635634

632627613606619

622

1,497

1,3721,214970809862

9121,1451,1121,0551,150

1,2941,7902,1701,5671,094

1,1321,6611,9822,1692,165

2,3332,6032,6342,6232,612

2,8022,9992,9232,7782,960

2,8852,8162,9022,9633,050

3,1863,2753,2083,2853,437

3,346

3,916

3,6853,2542,8162,6722,750

2,7862,9733,1342,8632,936

3,0383,2743,4603,6473,829

3,9064,0614,1664,1894,001

4,0344,2264,2484,2904,084

4,1414,2444,2413,9764,011

4,0043,9033,9063,9033,951

4,0364,1514,2614,3104,431

4,499

6,123

5,7975,2844,6834,7555,281

5,4315,8096,2656,1796,426

6,7507,2107,1186,9827,058

7,3148,3768,9559,2729,264

9,3869,74210,00410,24710,235

10,53510,85810,88610,75011,127

11,39111,33711,56611,77812,160

12,71613,24513,60614,08414,645

14,947

1,509

1,4751,4071,3411,2951,319

1,3351,3881,4321,4251,462

1,5021,5491,5381,5021,476

1,4971,6971,7541,8291,857

1,9191,9912,0692,1462,234

2,3352,4292,4772,5192,594

2,6692,7312,8002,8772,957

3,0233,1003,2253,3823,557

3,679

3,440

3,3763,1832,9312,8733,058

3,1423,3263,5183,4733,517

3,6813,9214,0844,1484,163

4,2414,7195,0505,2065,264

5,3825,5765,7305,8676,002

6,2746,5366,7496,8067,130

7,4237,6648,0288,3258,709

9,0879,55110,09910,62311,211

11,577

533

526560559565652

753826833829905

9961,3402,2132,9052,928

2,8082,2541,8921,8631,908

1,9282,3022,4202,3052,188

2,1872,2092,2172,1912,233

2,2702,2792,3402,3582,348

2,3782,5642,7192,7372,758

2,707

2,532

2,6222,7042,6662,6012,647

2,7282,8422,9233,0543,090

3,2063,3203,2703,1743,116

3,1373,3413,5823,7873,948

4,0984,0874,1884,3404,563

4,7275,0695,3995,6485,850

6,0836,3156,5506,8687.248

7,6968,2278,6799,1099,446

9,893


228


TABLE G-27.—Wage and salary workers in nonagricultural establishments,1929-70—Continued

[All employees; thousands of persons]

Year ormonth

1968: Jan.. .Feb...Mar. .Apr...May..June..

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

1969: Jan.. .Feb...Mar. .Apr...May..June..

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

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

July..Aug..Sept.Oct...

Dec p.

Totalwageand

salarywork-

ers

Manufacturing

66,75167,16667,30667,50067,56767,809

67,96268,15268,28868, 54768,80569,039

69,35269,60569,82769,99270,17270,347

70,40070,49770,56770,83670,80870,842

70,99271,13571,24271,14970,83970,629

70,58770,41470,53170,18270, 07670, 364

TotalDura-

blegoods

Non-dura-ble

goods

Min-ing

Con-tractcon-

struc-tion

Trans-porta-tionandpub-lic

utili-ties

Whole-saleand

retailtrade


estate

Serv-ices

Government

Fed-eral

Stateandlocal

Seasonally adjusted

19,61219,62719,63719,70419,74619,793

19,78819,81019,83819,86419,93920,010

20,02320,09220,17120,18220,19520,248

20,24720,24620,25220,23320,08220,082

20,01819,93719,94419,79519,57219,477

19,40219,27119,28518,68418,54718,920

11,55611,54311,53911,59211,61011,621

11,63311,62911,63911,65211,71811,769

11,81811,84311,89311,90311,91511,957

11,95511,95011,96811,96511,78211,773

11,67911,62511,64811,52911,38611,286

11,21711,13411,14510,60210,46010,836

8,0568,0848,0988,1128,1368,172

8,1558,1818,1998,2128,2218,241

8,2058,2498,2788,2798,2808,291

8,2928,2968,2848,2688,3008,309

8,3398,3128,2968,2668,1868,191

8,1858,1378,1408,0828,0878,084

596599599614611612

615615616566615616

617619616615614614

618621623622624627

625626626622620620

618619621621626625

3,1093,2783,2903,2963,2693,250

3,2753,2803,3003,3363,3353,386

3,3913,4103,4223.4253,4413,442

3,4393,4203,4363,4453,4733,496

3,3943,4663,4813,4263,3513,324

3,3143,3053,2623,2783,3003,308

4,2854,3014,3034,2984,2484,293

4,3074,3184,3294,3334,3484,355

4,3594,3704,3854,4144,4204,445

4,4544,4574,4594,4634,4644,469

4,5074,4964,5024,4684,4784,511

4,5394,5204,5114,5094,4944,443

13,78613,88713,93813,98714,01614,048

14,09714,15914,21514,28014,30814,255

14,41214,46614,49514,54614,60614,647

14,67314,71314,7^914,82414,84814,750

14,93814,98714,98414,99114,96814,927

14,93314,91214,96115,01114,93114,827

3,3143,3273,3363,3473,3583,363

3,3753,3983,4123,4363,4513,463

3,4873,5003,5143,5293,5403,556

3,5673,5803,5843,5963,6113,626

3,6483,6523,6653,6733,6773,679

3,6763,6703,6843,6963,7113,720

10,39810,45510,48010,49410,52910, 583

10,61410,67510,69310,77810,85910,925

10,98611,04711,11211,14611,17011,174

11,20511,24811,28911,36111,38311,431

11,47211,53011,53711,56411,57211,532

11,51411,52111,62211,66511,69511,718

2,7212,7212,7212,7262,7262,771

8,9338,9719,0029,0349,0649,096

2,772 9,1192,740 9,1572,719 I 9,1662,713 9,2412,7122,726

2,7632,7642,7592,7612,7572,782

2,7652,7492,7472,7392,7302,721

2,7172,7182,7662,8382,7682,689

2,6682,6592,6492,6542,6612,652

9,2389,303

9,3149,3379,3539,3749,4299,439

9,4329,4639,4389,5539,5939,640

9,6739,7239,7379,7729,8339,870

9,9239,9379,936

10,06410,11110,151

Note.—Data in Tables C-27 through C-33 are based on reports from employing establishments and relate to full- andpart-time wage and salary workers in nonagricultural establishments who worked during, or received pay for, any part ofthe pay period which includes the, 12th of the month.

Not comparable with labor force data (Tables C-22 through C-25), which include proprietors, self-employed persons,domestic servants, and unpaid family workers, and which count persons as employed when they are not at work becauseof industrial disputes, bad weather, etc.

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


229


T A B L E G-28.—-Average

Year ormonth

1929

1930193119321933.19341935 .1936193719381939

194019411942194319441945194619471948194919501951195219531954 . . . . . . .1955195619571 9 5 8 . . . . . . .1959196019611962. . . . . - -1963___1964___196519661967196819691970 v

1969:Jan..Feb. .Mar..Apr..May.June-July.Aug.Sept.Oct..Nov.Dec.

1970:Jan..Feb..Mar.Apr..May.June.July.Aug.Sept.Oct..NOVPDec p

Totalnon-agri-

culturalprivate

40.340.039.4

39.839.939.939.639.139.639.338.838.539.0

38.638.638.738.838.738.838.638.037.837.7

37.2

joeekly hours of

Manufacturing

Total

44.2

42.140.538.338.134.636.639.238.635.637.7

38.140.643.145.045.243.540.340.440.039.1

40.540.640.740.539.640.740.439.839.240.3

39.739.840.440.540.741.241.340.640.740.6

39.8

Durablegoods

32.534.733.837.240.939.934.937.9

39.242.045.046.546.544.040.440.540.439.4

41.141.541.541.240.141.341.040.339.540.7

40.140.340.941.141.442.042.141.241.441.3

40.3

Non-durablegoods

41.940.035.136.137.737.436.137.4

37.038.940.342.543.142.340.540.239.638.9

39.739.539.739.639.039.939.639.238.839.7

39.239.339.639.639.740.140.239.739.839.7

39.1

work i

Mining

40.839.436.3

37.938.438.638.838.640.740.840.138.940.5

40.440.540.941.641.942.342.742.642.643.0

42.6

n private nonagricultural indus

Con-tractcon-

struc-tion

38.238.137.7

37.438.138.937.937.237.137.537.036.837.0

36.736.937.037.337.237.437.637.737.437.9

37.4

Trans-porta-tionand

publicutilities

41.141.341.240.540.640.7

40.5

Whole-saletrade

41.642.943.142.341.8

41.341.141.442.343.042.841.641.141.040.8

40.740.840.740.640.540.740.540.340.240.6

40.540.540.640.640.640.8^0.740.340.140.2

40.0

Retailtrade

43.4

43.242.841.840.941.040.941.3

140.340.240.4

40.440.439.839.139.239.038.638.138.138.2

38.037.637.437.337.036.635.935.334.734.2

33.8

fries, 1929-70

Finance,insur-ance,andreal

estate

37.937.937.8

37.737.737.837.737.637.636.936.737.137.3

37.236.937.337.537.337.237.337.037.037.1

36.8

Serv-ices

36.035.935.535.134.734.7

34.5

Seasonally adjusted

37.937.537.737.837.837.737.737.737.737.537.637.637.537.337.437.237.137.237.337.236.836.937.037.0

40.640.140.940.840.740.740.640.640.740.540.540.740.339.940.240.039.839.840.139.839.339.439.639.7

41.441.041.541.441.441.341.341.241.441.241.141.341.040.540.740.440.340.440.740.339.839.940.040.1

39.839.139.939.839.839.7

39.839.739.739.639.639.839.639.339.439.439.139.039.339.138.638.938.939.0

43.243.242.943.543.341.842.643.143.143.043.543.242.743.443.243.142.642.442.542.242.042.742.941.8

37.737.937.937.938.237.637.637.938.137.638.138.236.738.238.038.338.137.637.437.335.136.937.138.2

40.940.840.840.840.740.640.740.540.840.940.740.840.740.740.640.240.640.640.740.640.540.540.440.2

40.140.140.240.240.240.040.040.340.340.340.340.540.340.240.140.140.139.940.039.939.739.939.839.9

34.434.234.434.234.334.334.234.234.134.034.033.833.833.733.833.733.933.833.933.933.833.833.933.6

37.237.237.137.137.137.137.137.037.137.037.236.936.937.037.036.936.836.736.836.936.736.736.836.4

34.534.434.634.634.734.735.035.034.734.634.734.634.434.434.734.434.534.434.634.734.534.434.434.3

i Beginning 1947, data include eating and drinking places.Note.—Hours and earnings data in Tables C-28 through C-33 relate to production workers in manufacturing and mining,

to construction workers in contract construction, and generally, to nonsupervisory employees in other industries. SeeTable C-31 for unadjusted weekly hours in manufacturing. See also Note, Table C-27.


230


TABLE C-29.- - Average gross hourly earnings in private nonagricultural industries and in agriculture,1929-70

Year or month

19291930..1931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970P

1969: JanFeb .MarAprMay.. . .JuneJuly . . . .AugSept..-_OctNov...Dec

1970: JanFeb . .MarAprMay.. . .JuneJuly.._.AugSept.-. .OctNov P ._ .Decp.--

Totalnon-agri-cul-tural

private

$1 1311.2251.2751 3351 451 521 611.651 711 801 891.952.022 092 142.222.282.362.452.562.682.853.043.222.952.962.972.993.023.043.053.063.113.123.133.123.133.153.173.183.203.213.233.253.293.283.293.30

Manufactur

Total

$0. 560.546.509.441.437.526.544.550.617.620.627.655.726.851.957

1.0111.0161 0751 2171 3281 3781 4401 561.651.741.781.861.952.052.112.192.262.322.392.462.532.612.722.833.013.193.363.123.123.133.153.163.183.193.203.243.253.263.293.293.293.313.323.343.363.373.373.423.373.393.46

Dur-able

goods

$0 492.467.550571580667

.679

.691716799937

1.0481.1051.0991 1441 2781 3951 4531 5191 651.751.861.901 992 082 192.262.362 432 492.562.632.712.792.903.003.193.393.563.313.313.323.343.353.373.383.393.443.453.463.493.493.483.513.523.553.573.573.583.633.563.583.68

ng

Non-dur-able

goods

$0,412.419.505

520.519.566.572.571590627709

.787

.844

.886995

1 1451 2501 2951 3471 441.511.581.621 671.771.851.911.982 052.112.172.222.292.362.452.572.742.913.082.832.842.852.872.882.892.922.922.952.962.972.993.013.013.033.043.053.063.093.083.143.133.153.17

Mining

$1 4691 6641 7171 7721.932.012.142.142.202.332.462.472.562.612.642.702.752.812.923.053.193.353.603.843.513.533.543.563.583.563.593.603.653.693.723.713.763.773.783.793.803.823.823.843.893.923.953.94

Con-tractcon-

struc-tion

$1 5411 7131 7921.8632.022.132.282.392.452.572.712.822.933.083.203.313.413.553.703.894.114.414.785.224.594.574.644.654.724.734.764.804.924.964.975.035.075.065.065.095.105.135.205.305.365.425.435.42

Trans-porta-tionand

publicutili-ties

$2.883.033.113.243.423.633.853.523.553.543.583.613.623.653.673.713.703.723.723.733.753.753.753.793.843.873.903.933.943.953.98

Whole-sale

trade

$0,610.628.658.674.688.711.763.828.898.948.990

1.1071.2201.3081.3601.4271.521.611.701.761.831.942.022.092.182.242.312.372.452.522.612.732.883.053.233.443.123.163.163.183.203.243.233.243.283.293.333.343.353.383.403.403.413.423.423.453.473.493.523.53

Retailtrade

$0.484494

.518

.559

.606

.653

.699

.7972 838

.901

.951

.9831.061.091.161.201.251.301.371.421 471.521.561.631 681.751.821.912.012.162.302.442.252.262.272.282.292.302.302.302.332.352.362.352.382.402.412.412.432.432.442.442.482.482.492.47


estate

$1 1401 2001 2601 3401 451.511.581.651 701 781.841.891 952 022 092.172 252.302.392.472.582.752.923.072.872.902.902.882.902.932.912.922.932.952.992.983.023.043.053.033.043.043.063.083.093.123.143.14

Serv-ices

$1.942.052.172.292.432.632.842.532.572.572.582.602.612.632.622.672.692.722.722.742.772.792.792.802.812.832.852.902.912.942.96

Agri-cul-

ture i

$0,241.226.172.129.115.129.142.152.172.166.166.169.206.268.353.423.472.515.547.580.559.561.625.661.672.661.675.705.728.757.798.818.834.856.880.904.951

1.031.121.211.331.421.38

1.21

1.29

1.37

1.50

1.29

1.38

1.46

1 Weighted average of all farm wage rates on a per hour basis.

2 Beginning 1947, data include eating and drinking places.

Note—See Note, Tables C-27 and C-28.

Sources: Department of Labor (Bureau of Labor Statistics) and Department of Agriculture.

231


TABLE C-30.—Average gross weekly earnings in private nonagricultural industries, 1929-70

Year ormonth

Totalnon-

igricul-tural

private

Manufacturing

Total urablegoods

Non-lurablegoods

Mining

lontractcon-

struc-tion

Trans-porta-

tion andpublicutili-ties

Whole-sale

trade

Retailtrade

Fin-ance,insur-ance,

and realestate

Serv-ices

1929

19301931193219331934 .1935 . ....1936193719381939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970 v

$45. 5849.0050.24

53.1357.8660.6563.7664.5267.7270.7473.3375.0878.78

80.6782.6085.9188.4691.3395.0698.82101.84107.73114.61

119.78

1969: Jan . . .Feb.. .Mar...Apr . . .May...June..

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

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

Ju ly-Aug._Sept..Oct.. .NOV r>_Dec p.

110.33110.11111.38112.13113.55115.22

115.90116.59117.87117.31117.38117.62

116.12116.55117.92117.34118.40120.05

121.4122.20121.73121.36121.40122.43

$24.76

23.0020.6-.16.8916.6518.2019.9121.5623.8222.0723.64

24.9629. T836.6843.0745.7044.2043.3249.1753.1253.88

58.3263.3467.1670.4770.4975.7078.7881.5982.7188.26

89.7292.3496.5699.63102.97107. 53112.34114.90122.51129. 51

133.73

126. 05124.80127.39127.58128.61130.06

128.88129.92132.84132.28132.36134.89

131.93130.94132.40131.80132.93134.40

134.46134.13135.43133.45134.58138.40

$26.84

24.4220.9815.9916.2018.5921.2423.7226.6123.7026.19

28.0733.5642.1748.7351.38^8.3646.2251.7656.3657.25

62.4368.4872.6376.6376.1982.1985.2888.2689.2796.05

97.44100.35104.70108.09112.19117.18122. 09123.60132.07140.01

143.47

136.04135.05137.45137.61138.69139.86

138.24139. 33143.45142.83142. 55145.53

142.04140.24142. 51141.50143.07144.94

143.87143.9;145. 56142.76143.56149.04

$22.47

21.4020.0917.2616.7617.7318.7719.5721.1720.6521.36

21.8324.3928.5733.4536.3837.4840.3046.0349.5050.38

53.4856.8859.9562.5763.1866.6370.0972.5274.1178.61

80.3682.9285.9387.9190.9194.6498.49102. 03109.05115.53

120.43

111.50110.48113.15113.08114.34115.31

116.22116.51118.00117.51118.21119.60

117.99117.69118.78118.56118.95119.95

121.44121.04122.15122.07123.17124.26

$26.7525.1925.4425.38

$59.9465.5662.33

67.1674.1177.5983.0382.6089.5495.0698.6596.08103.68

105.44106.92110.43114.40117.74123. 52130.24135. 89142.71154.80

163. 58

150.23149.67149.03154.86155.37150. 59

154.37156.96158.41159.78161.08160.64

159.05160.60160.27163.35162.26163.88

163.88163.97164.55168.56168.67165.09

$58. 8765.2767.56

69.6876.9682. F686.4183.9190.9096.38100.27103.78108.41

113.04118.08122.47127.19132. 06138.38146.26154.95164.93181.16

195.23

167.99166.81172.14174.38180.30181.63

184.21187.68193. 36189.97184.39189.13

181.00186.21188.23192.91194.31196.99

200.20204.05194.03203.79196.57203.79

118.37125.14128.13131.22138.85147. 74

155.93

143.26144.13143.02144.63146.21147.33

150.02149.74152.11151.70152.15151.78

151.07151.88150.75149.25153.12156.29

159.06159.51159.95159.96160.37160.00

26.9628.3628.5128.76

29.3631.3634.2837.9940.7642.3746.0550.1453.6355.49

58.0862.0265.5369.0271.2874.4878.5781.4184.0288.51

90.7293.5696.2299.47

102. 31106. 49111.11116.06122.31129. 85

137.60

124.80126.08126.72127.20128.00129.92

130.17131.22132.18132.59133.87135.94

134.67135.20136.00135.66136. 06136.80

137.83138.35137.76139.25139.74141.55

$21.01

21.3422.1723.3724.7926.7728.5932.9233.7736.2238.42

39.7142.8243.3845.3647.0448.7550.1852.2054.1056.15

57.7658.6660.9662.6664.7566.6168.5770.9574.9578.66

82.47

76.5076.3977.1877.0677.6379.58

80.9681.1979.6979.2079.3080.14

79.4979.9280.4980.2581.4182.86

85.1685.4084.0783.0883.4283.73

$43. 2145.4847.63

50.5254.6757.0859.5762.0463.9265.6867.5370.1272.74

75.1477.1280.9484.3885.7988.9192.1395.46

101.75108.33

112.98

106.76107.88107. 59106.85107.30108.70

107.96108.04108.41109.45111.23110.26

111.44112.48112.85111.81111.57111.57

112.61113.65113.09114.82115.55114.61

$69.8473.6077.0480.3884.3291.26

97.98

87.0388.1588.9289.0189.7090.83

92.8492.4992.3892.8194.1194.11

93.9895.0196.8195.7096.0496.95

98.7799.7599.7699.81

100.84101. 53

i Beginning 1947, data include eating and drinking places.

Note.—See Note, Tables C-27 and C-28.


232


TABLE C-31.—Average weekly hours and hourly earnings, gross and excluding overtime, inmanufacturing industries, 1939—70

Year or month

1939

1940194119421943194419451946194719481949

195019511952195319541955195619571958. . .1959

19601961196219631964196519661967 .19681969

1970 P .

1969: JanFebMarApr.MayJune _



July . .AugSeptOctNOVPDec p

Al1 manufacturing industries

Averageweeklyhours

Gross

37.7

38 140.643 145 045.243.540 340 440 039 1

40 540 640.740.539 640 740.439.839.240.3

39.739.840.440.540.741.241 340.640.740.6

39.8

40.440.040 740.540.740.9

40.440.641.040.740.641.0

40.139.840.039.739.840.0

39.939.839.639.639.740.0

Ex-clud-

ingover-time

37 637.537.237.6

37.337.437.637 737.637.637 437.237.137.0

36.8

36 836.737 237.037 137.2

36.936.937.037.037.037.4

36.936.837.036.936.936.9

37.036.836.536.736.937.3

Average hourlyearnings

Gross

$0.627

.655

.726

.851

.9571.0111.0161.0751.2171 3281.378

1.4401 561.651.741 781 861.952.052.112.19

2.262.322.392.462.532.612.722.833.013.19

3.36

3.123.123.133.153.163.18

3.193.203.243.253.263.29

3.293.293.313.323.343.36

3.373.373.423.373.393.46

Ex-clud-

ingover-time

$0.691.793.881.933

3.9491.0351.181.291.34

1.391.511.591.681.731.791.891.992.052.12

2.202.252.312.372.442.512.592.722.883.06

3.24

2.993.003.003.023.033.04

3.063.063.093.113.123.15

3.173.173.193.213.223.23

3.253.253.293.263.283.35

Adjustedhourly

earnings,(1967=

100)i

24.5

2 25.42 28.52 31.02 33.22 34.62 38.3

44.048.150.3

51.956.058.962.164 166.169.673.276.278.6

81.283.685.787.890.092.495.5

100.0106.1112.3

119.6

109.8110.2110.4111.0111.5111.7

112.4112.9113.7114.2114.8115.6

116.3116.7117.4118.0118.8119.1

119.7120.3121.5121.0121.7124.4

Durable goods manufac-turing industries

Averageweeklyhours

Gross

37.9

39.242.045.046.546.544.040.440.540 439 4

41 141 541.541.240 141 341.040.339.540.7

40.140.340.941.141.442.042 141.241.441.3

40.3

41.140.841.441.241.441.5

40.941.141.741.441.241.7

40.746.340.640.240.340.6

40.340.240.140.140.140.5

Ex-clud-

ingover-time

38.037.937.638.0

37.738.038.138.238.138.137 837.737.637.5

37.4

37.437.237.737.637.737.6

37.337.337.537.537.537.9

37.437.337.537.437.437.4

37.437.337.137.337.537.8

Averagehourly

earnings

Gross

$0.691

.716

.799937

1.0481.1051.0991.1441.2781 3951 453

1.5191 651.751.861 901 992.082.192.262.36

2.432.492.562.632.712.792.903.003.193.39

3.56

3.313.313.323.343.353.37

3.383.393.443.453.463.49

3.493.483.513.523.553.57

3.573.583.633.563.583.68

Ex-clud-

ingover-time

$0.76287?

.9661.019

3 1.0311.1111.241 351.42

1.461 591.681.791 841 912.012.122.212.28

2.362.422.482.542.602.672.762.883.053.24

3.44

3.173.183.183.203.203.22

3.243.243.283.29

'3.313.34

3.363.363.383.403.423.44

3.453.463.493.443.463.56

Nondurable goods manu-facturing industries

Averageweeklyhours

Gross

37.4

37.038.940.342.543.142.340.540.239.638.9

39.739 539.739.639 039.939.639.238, 839.7

39.239,339.639.639 740,140.239.739 839.7

39.1

39.438.939.739,439.739.9

39,839.940.039.739.840.0

39.239.139.239.039.039.2

39.339.338.939.039.139.2

Ex-clud-

ingover-time

37.237.036.637.0

36.736.836.936.936.836.936.836.636.536.3

36.1

36.135.936.536.236.436.5

36.436.436.336.236.436.6

36.136.136.236.236.136.2

36.436.235.836.036.236.4

Averagehourly

earnings

Gross

$0.571

.590

.627709

.787

.844

.886

.9951.1451 2501 295

1.3471 441.511.581 621 671.771.851,911.98

? 05? ,11?. 172.22? ?9?,362.45?.57? 742.91

3.08

2.832.842.852.872.882.89

?.922.922.952.96?.972.99

3.013,013.033 043 053.06

3.093.083.143.133 153.17

Ex-clud-

ingover-time

$0.613fiR4

.748

.7983.841.96211?1?6

314046

.5358fi?

,7?,80

1.861.92

1.992.052.09?.15?.?12.27? 352.472.632.79

2.97

2.722.732.742.762.772.77

2.802.802.822.842.852.87

2.902.902.922.932.942.95

2.982.973.023.013.043.06

1 Earnings in current prices adjusted to exclude the effects of overtime and interindustry shifts.2 Annual average not available; April used.3 Eleven-month average; August 1945 excluded because of VJ Day holiday period.Note—See Note, Tables C-27 and C-28.See Table C-28 for seasonally adjusted average gross weekly hours.Source: Department of Labor, Bureau of Labor Statistics.

233


T A B L E G—32.—Average weekly earnings, gross and spendable, total private nonagriculturalindustries, in current and 1967 prices, 1947—70

Year or month

19471948..1949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970*


JulyAugSeptOctNovDec.

1970: J a n . .FebMarApr . .MayJune

JulyAugSept.Oct.

Deep

Average gross weeklyearnings

Currentprices

$45.5849.0050.24

53.1357.8660.6563.7664.5267.7270.7473.3375.0878.78

80.6782.6085.9188.4691.3395.0698.82

101.84107.73114.61

119.78

110.33110.11111.38112.13113. 55115.22

115.90116. 59117.87117.31117.38117.62

116.12116. 55117.92117.34118.40120.05

121.45122.20121.73121. 36121.40122.43

1967prices^

$68.1367.9670.36

73.6974.3776.2979.6080.1584.4486.9086.9986.7090.24

90.9592.1994.8296.4798.31100. 59101.67101.84103.39104.38

3 103.17

103.40102.81103.13103.16104.17105.03

105.17105.32106.00105.12104.62104.18

102.49102.33102.99101.86102.33103.22

104.07104. 53103.60102.76102.45

Average spendable weekly earnings 2

Worker with nodependents

Currentprices

$39.1643.1144.15

46.0248.6850.0752.4553.7656.2758.6360.4761.8364.52

65.5967.0869.5671.0575.0478.9981.2983.3886.7190.96

96.18

87.7687.6588.8089.1490.1891.40

91.9092.4193.3592.9492.9993.17

93.4393.7694.7894.3595.1496.38

97.4397.9997.6497.3697.3998.16

1967p rices i

$58.5459.7961.83

63.8362.5762.9865.4866.7870.1672.0371.7371.4073.91

73.9574.8776.7877.4880.7883.5983.6383.3883.2182.84

3 82.84

82.2581.8482.2282.0182.7383.32

83.3983.4883.9583.2882.8882.52

82.4682.3282.7881.9082.2382.87

83.4983.8283.1082.4482.19

Worker with threedependents

Currentprices

$44.6448.5149.74

52.0455.7957.8760.3160.8563.4165.8267.7169.1171.86

72.9674.4876.9978.5682.5786.3088.6690.8695.2899.99

104.86

96.6896.5797.7698.1199.19

100.46

100.98101. 51102.49102.06102.11102.30

101.97102.32103.39102.95103.77105.08

106.18106.78106.40106.11106.14106.96

1967prices i

$66.7367.2869.66

72.1871.7172.7975.2975.5979.0680.8680.3279.8082.31

82.2583.1384.9885.6788.8891.329h2190.8691.4491.07

3 90.32

90.6190.1790.5290.2691.0091.58

91.6391.7092.1791.4591.0190.61

90.0089.8390.3089.3789.6990.35

90.9991.3490. 5589.8589.57

1 Earnings in current prices divided by the consumer price index on a 1967 base.2 Average gross weekly earnings less social security and income taxes.3 Based on 11-month average for the consumer price index.

Note.—"Total private" consists of manufacturing; mining; contract construction; transportation and public utilities;wholesale and retail trade; finance, insurance, and real estate; and services.

See also Note, Tables C-27 and C-28.


234


TABLE C-33.—Average weekly earnings, gross and spendable, in manufacturing industries, incurrent and 1967 prices, 1939-70

Year or month

1939

1940194119421943194419451946194719481949

1950.19511952195319541955.1956195719581959

196019611962..1963196419651966196719681969

1970*

1969: Jan.FebMar_Apr_May_June

Jiily.Aug.SeptOct.Nov.Dec

1970: JanFeb.Mar.Apr.May.June

July.Aug.SeptOct..NovDec

Average gross weeklyearnings

Currentprices

$23.64

24.9629.4836.6843.0745.7044.2043.3249.1753.1253.88

58.3263.3467.1670.4770.4975.7078.7881.5982.7188.26

89.7292.3496.5699.63102.97107. 53112.34114.90122.51129. 51

133.73

126.05124.80127.39127. 58128.61130.06

128.88129.92132.84132.28132. 36134.89

131.93130.94132.40131.80132.93134.40

134.46134.13135.43133.45134.58138.40

1967prices l

$56.83

59.4366.8575.1683.1586.7282.0074.0573.5073.6875.46

80.8981.4184.4887.9887.5794.3996.7896.7995.51

101.10

101.15103.06106. 58108.65110.84113.79115.58114.90117.57117.95

3 115.19

118.13116.53117.95117.37117.99118.56

116.95117.36119.46118.53117.97119.48

116.44114.96115.63114.41114.89115.56

115.22114.74115.26113.00113.57

Average spendable weekly earnings 2

Worker with nodependents

Currentprices

$23.37

24.4627.9631.8035.9537.9936.8237.3142.1046.5747.21

50.2652.9755.0457.5958.4562.5164.9266.9367.8271.89

72.5774.6077.8679.8284.4089.0891.5793.2897.70

101.90

106.62

99.3698.44100.34100.48101.24102.30

101.43102.20104. 34103.93103.99105.85

105.28104. 53105.63105.18106.02107.13

107.17106 92107.90106.41107.26110.12

1967prices 1

$56.18

58.2463.4065.1669.4072.0968.3163.7862.9364.59£6.12

69.7168.0869.2371.9072.6177.9479.7579.4078.3182.35

81.8283.2685.9487.0490.8594.2694.2193.2893.7692.81

3 91.83

93.1291.9192.9192.4492.8893.25

92.0492.3293.8?93.1392.6893.76

92.9291.7792.2591.3091.6392.12

91.8391.4691.8390.1090.51

Worker with threedependents

Currentprices

$23.40

24.7129.1936.3141.3343.7642.5942.7947.5852.3152.95

56.3660.1862.9865.6065.6569.7972.2574.3175.2379.40

80.1182.1885.5387.5892.1896.7899.45

101.26106.75111.44

115.90

108.78107.82109.81109.95110.74111.86

110.95111.75114.01113.57113.63115.61

114.48113.69114.85114.37115.27116.43

116.48116.22117.25115.68116.58119.62

1967prices *

$56.25

58.8366.1974.4179.7983.0479.0273.1571.1272.5574.16

78.1777.3579.2281.9081.5587.0288.7688.1586.8790.95

90.3291.7294.4095.5199.22

102.41102.31101.26102.45101.49

3 99.83

101.95100.67101.68101.15101.60101.97

100.68100.95102.53101.77101.27102.40

101.0499.82

100.3199.2899.63

100.11

99.8199.4299.7997.9598.38

1 Earnings in current prices divided by the consumer price index on a 1967 base.2 Average gross weekly earnings less social security and income taxes.

3 Based on 11-month average for the consumer price index.

Note—See Note, Tables C-27 and C-28.


235


TABLE C-34.—Indexes of output per man-hour and related data, private economy, 1947-70

[1967=100]

YearTotalpri-vate

Farm

Nonfarm industries

Total

Man-ufac-tur-ing

Non-man-ufac-tur-ing

Totalpri-vate

Farm

Nonfarm industries

TotalMan-ufac-tur-ing


Totalpri-vate

Farm

Nonfarm industries

TotalMan-ufac-tur-ing


Outputx Man-hours 2 Output per man-hour

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

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

1960...1961...1962...1963...1964...1965...1966...1967...1968—1969...

1970 *__

1947...1948...1949—

45.647.847.6

52.555.857.260.159.364.365.666.565.670.2

71.973.278.281.586.291.897.7

100.0104.9107.9

107.5

71.179.577.0

81.277.079.583.785.487.487.084.987.088.3

91.692.992.595.493.399.293.7

100.099.698.7

96.7

44.546.546.4

51.355.056.359.158.363.464.765.764.869.5

71.172.577.680.985.991.597.9

100.0105.1108.3

107.9

44.746.944.2

51.356.557.862.658.265.065.365.560.267.6

68.668.375.279.084.592.7

100.1100.0106.7110.9

106.4

44.546.347.6

51.454.155.557.358.362.564.465.967.270.4

72.574.678.981.985. 690.996.7

100.0104.3106.9

108.7

88.889.286.2

87.990.791.292.088.692.193.792.388.491.2

92.090.692.492.994.597.499.7

100.0101.9104.1

102.7

243.4233.9232.4

215.1203.1192.8179.3173.9176.7168.6155.3144.2143.6

141.2132.6129.0122.1117.4114.1103.6100.098.292.0

85.5

78.079.176.0

79.082.984.185.982.686.188.487.984.587.6

88.687.789.890.992.996.399.5

100.0102.1104.9

103.9

81.580.973.7

79.885.987.391.683.788.289.588.180.986.1

85.883.586.987.789.494.3

100.2100.0101.9103.7

98.5

76.478.277.1

78.681.582.683.282.285.287.987.886.188.3

89.989.691.292.394.697.299.1

100.0102.3105.5

51.353.655.3

59.761.562.765.366.969.970.072.074.376.9

78.280.984.787.791.194.298.0

100.0102.9103.7

104.6

29.234.033.1

37.737.941.246.749.149.551.654.760.461.5

64.970.071.778.179.586.990.5

100.0101.4107.3

113.1

57.158.861.1

65.066.366.968.970.573.673.274.876.779.3

80.382.786.489.192.495.198.4

100.0102.9103.2

103.8

54.857.960.0

64.465.966.268.369.573.772.974.474.478.5

79.981.886.690.194.598.399.9

100.0104.7106.9

108.1

58.259.261.8

65.366.467.268.971.073.473.375.078.079.8

80.683.386.588.791.593.597.6

100.0101.9101.4

102.1

Compensation per man-hour3 Unit labor cost Implicit price deflator4

36.239.540.1

1950.1951.1952.1953.1954.1955.1956.1957.1958...1959

1960196119621963—19641965—1966...1967.1968.1969...

1970 P..

42.846.949.852.954.555.959.563.366.069.0

71.774.477.780.884.988.494.5

100.0107.6115.4

123.6

38.341.843.0

45.349.352.054.956.658.662.065.568.171.0

73.976.379.382.286.189.294.6

100.0107.114.5

122.3

37.140.742.6

44.749.352.4

57.860.063.967.770.673.5

76.679.082.385.089.091.295.3

100.0107.1113.9

121.6

38.942.343.3

70.673.772.5

45.749.151.554.255.957.660.864.367.069.7

71.776.379.481.081.580.185.087.988.989.8

72.675.277.980.984.888.394.2

100.0107.5115.0

123.3

91.892.191.892.193.193.896.5

100.0104.6111.3

118.1

67.171.070.3

69.774.377.679.780.379.684.787.688.789.5

92.092.391.892.393.293.996.2

100.0104.3111.0

117.8

67.770.371.0

69.574.879.180.983.281.487.691.194.993.7

95.996.595.094.494.192.895.5

100.0102.3106.6

112.5

66.971.470.0

66.470.970.2

69.973.976.678.778.878.482.985.785.987.3

90.090.290.191.292.794.496.5

100.0105.4113.5

120.8

70.976.177.578.179.179.882.385.387.188.3

89.590.91.292.293.294.897.2

100.0103.6108.2

113.4

63.868.268.7

69.474.075.977.278.579.582.385.386.888.3

89.690.491.292.393.494.896.8

100.0103.6108.0

113.2

66.971.372.8

73.077.979.680.081.683.186.989.791.993.3

94.194.494.494.595.495.797.4

100.0102.3104.5

62.366.666.6

67.771.874.075.976.977.980.083.284.385.9

87.388.589.791.192.494.396.6

100.0104.3109.9

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

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

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

Note.—For information on sources, methodology, trends, and underlying factors influencing the measures, see Bureauof Labor Statistics, Department of Labor, Bulletin No. 1249, "Trends in Output per Man-Hour in the Private Economy,1909-58," December 1959.


236


PRODUCTION AND BUSINESS ACTIVITYTABLE C-35.—Industrial production indexes, major industry divisions, 1929-70

[1957=100]

Year or month

192919301931 .1932193319341935193619371938 _19391940 . .194119421943 .194419451946 . .194719481949 . .19501951195219531954 .195519561957.19581959196019611962 . . .19631964196519661967196819691970 v . . . . . .

1969: JanFeb -.MarApr . .MayJune . . .JulyAugSeptOctNovDec

1970: JanFebMarApr . .MayJuneJulyAugSeptOctNov pDec p

Totalindustrialproduction

24.320.216.813.115.416.819.423.025.119.924.227.835.743.852.451.744.637.641.643.340.947.451.453 357.754.361.163.263.759.366.868.869.474.878.683.790.798.9

100 0104.7109.3106

Total

24.219.816.212.514.816.319.222.824.919.123.727.436.545.855.554.045.737.641.643 140.847.551.353 458.054.060.962.763.158.466.468.268.674.378.283.390.899.3

100.0104.5108.9104

Manufacturing

Durable

23.317.311.97.39.5

11.514.719.121.513.819.224.435.248.862.961.647.833.439.340.937.245.351.054.161.054.062.263.563.555.264.566.365.472.076.181.690.7

100.7100.0103.7107.8101

Nondurable

24.822.521.218.721.221.924.226.928.525.329.030.637.341.245.744. i42.441.943.545.044.249.250.851.754.154.159.261.762.562.668.970.873.077.581.085.891.197.5

100.0105.6110.3110

Mining

43.838.032.627.131.132.635.340.645.839.643.548.552.354.155.759.959.058.364.567.960.267.273.773.175.072.980.184.784.577.280.582.182.984.887.290.192.797.3

100.0102.3105.2110

Utilities

6.97.16.16.86.36.27.68.18.98.99.9

11.012.313.815.316.316.517.219.722.123.526.830.533.136.138.843.447.550.853.158.462.566.171.175.781.887.094.1

100.0109.5119.6128

Seasonally adjusted

107.0107.6108.4108.6109.1109.9110.4110.2110.0109.5108.4108.2107.8107.8108.2107.7106.9106.8107.0106.8104.9102.7102.2103.7

106.6107.6108.4108.3108.8109.5110.0109.8109.7108.9107.6107.3106.6106.6107.0106.4105.3105.2105.5105.0102.599.899.4

101.2

105.7106.6107.5107.3107.9108.9109.2109.2109.2108.3105.1104.5103.7103.6104.5102.9102.4102.2102.3101.898.093.892.795.4

107.8108.9109.6109.7110.2110.3111.1110.8110.5109.6110.9110.9110.6110.8110.3111.2109.1109.2110.0109.3108.5107.8108.5109

101.6100.8102.3104.0105.3108.6107.6106.0106.3105.2107.1108.6106.4108.4109.1108.2108.9109.5108.1110.7112.2113.0113.1112

116.3116.2116.3117.0115.5116.6120.2120.4120.3122.2122.2123.3124.4125.9124.6126.4127.0127.3127.8127.5131.3132.4129.5129.8

Note.—The indexes in this table were converted to a 1967 base from the Federal Reserve indexes published on a 1957-59base.


237411-364 0 — 7 1 - -16


TABLE C—36.—Industrial production indexes, market groupings, 1947—70

[1967=100]

Year or month

1947.1948.1949.

1950.1951.1952.19531954.

1955.1956.1957.1958.1959.

1960.1961.1962.19631964.

1965.1966.1967.19681969.

1970

1969: Jan__.Feb._.Mar...Apr._.May..June..

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

1970: Jan..Feb..Mar..Apr_.May._June.

July __Aug...Sept._Oct....Nov p.Dec p.

Totalindus-trialpro-duc-tion

41.643.340.9

47.451.453.357.754.3

61.163.263.759.366.8

68.869.474.878.683.7

90.798.9

100.0104.7109.3

106

Final products

Total

40.642.140.7

46.049.753.356.854.1

59.362.062.859.966.8

69.470.275.678.983.3

90.098.2

100.0104.3107.9

105

Consumer goods i

Total

45.246.646.3

52.952.453.557.256.8

62.864.365.364.971.8

74.775.880.684.388.7

94.599.3

100.0105.7109.4

109

Auto-motiveprod-ucts

46.548.748.3

60.853.748.461.257.0

79.365.670.658.172.5

82.675.087.994.797.3

112.1109.3100.0116.9116.2

101

Homegoods

41.443.239.9

55.147.447.554.351.8

58.660.858.255.966.7

66.767.673.678.185.0

93.3101.7100.0105.7110.8

108

Equipment

Total,includ-

ingdefense

30.932.529.0

31.443.752.556.049.6

53.057.858.350.958.0

60.060.466.769.273.6

81.996.2

100.0101.8105.1

98

Busi-ness

38.239.734.7

37.245.551.552.846.6

50.357.357.649.157.4

60.360.266.870.276.1

85.799.1

100.0101.0107.0

103

Materials

Seasonally adjusted

107.0107.6108.4108.6109.1109.9

110.4110.2110.0109.5108.4108.2

107.8107.8108.2107.7106.9106.8

107.0106.8104.9102.7102.2103.7

106.106.107.107.107.107.

399548

109.2109. 1108.8108.106.106.

106.107.107.106.105.

044

43249

105.6

105.105103101100

42006

102.2

108.4108.9109.6109.0108.2108.8

110.7110.6109.6108.6108.1108.2

108.8109.4109.1109.9109.9109.6

110.1110.1107.8105.7105.6108.1

118.2117.2117.6111.4111.2119.9

123.8120.4118.4115.9112.7107.9

104.2103.8107.3106.2111.6114.2

115.9112.389.373.474.399

111.0110.2112.2112.1112.0112.1

111.1111.1109.2108.1100.4100.5

102.2105.3108.1108.4107.5107.0

109.9110.7107.8108.6108.6

102.3103.4104.7105.0105.9106.1

106.4106.1107.2107.0103.5103.2

102.3103.8103.8100.398.898.3

96.896.494.592.591.891.9

104.7105.0105.5106.2107.1107.8

107.7107.8109.6109.9106.3106.0

105.5107.7108.3105.6103.2102.8

101.8101.799.797.997.498

Total

42.544.541.1

48.753.153.458.754.4

62.764.464.658.766.8

68.268.774.178.484.2

91.499.5

100.0105.1110.6

108

Dura-ble

goods

44.946.742.3

52.357.858.566.358.2

68.969.369.059.269.2

70.269.075.179.886.4

95.0103.3100.0103.9109.0

102

Non-durablegoods

39.641.639.2

44.748.148.251.350.8

56.759.660.358.264.5

66.368.573.277.182.0

87.995.9100.0106.2112.2

113

107.5108.2109.1109.6110.6111.7

111.9111.5111.5111.2110.6110.2

109.3108.7108.8108.9108.0108.5

108.6108.5107.0104.6103.9105.0

106.1107.0108.0109.2109.0109.9

109.9110.1109.7109.2107.6106.5

105.4103.9104.7105.1103.7103.9

104.3103.6100.095.393.796

108.8109.3110.0110.0112.1113.4

113.7112.7113.2113.1113.5113.8

113.1113.2112.7112.6112.1112.8

112.8113.1113.7113.5113.7114

* Also includes apparel and consumer staples, not shown separately.

Note.—The indexes in this table were converted to a 1967 base from the Federal Reserve indexes published on a 1957-59 base.


238


TABLE C-37.—Industrial production indexes, selected manufactures, 1947-70

[1967=100]

Year ormonth

1947. .1948 . .1949. .

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

1955. .1956. .1957—1958. .1959. .

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

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

1970 P.

1969: J a n . . .F e b . . .Mar . . -A p r . . .May . . .June. .

July . . .A u g . . .S e p t . .O c t _ .N o v . . .D e c . . .

1970: J a n . . .F e b . . .M a r . . .A p r . . .May . . .June . .

July . . .A u g . . .S e p t . .O c t . . .Nov *>_.Dec v.

Durable manufactures

Pri-mary

metals

68.571.259.9

75.482.074.984.968.9

89.487.884.766.075.8

76.574.678.985.597.4

103.8107.7100.0103.4112.5

106

Fabri-catedmetalprod-ucts

46.947.743.1

52.756.355.062.055.7

60.761.062.757.465.2

66.565.872.376.282.0

91.3100.7100.0103.7111.1

106

Ma-chinery

35.636.332.2

39,645.350.254.847.8

52.658.456.848.458.4

60.460.267.370.477.1

87.5100.2100.0100.5106.7

103

Trans-porta-tion

equip-ment

25.928.328.4

34.038.044.155.350.6

61.658.864.254.062.8

65.362.571.476.678.9

90.0100.7100.0108.3105.4

90

Instru-ments

and re-latedprod-ucts

29.129.926.6

31.035.642.346.244.9

48.051.653.049.859.5

63.062.766.670.573.8

81.995.5

100.099.7

105.2

102

Clay,glass,and

lumber

58.061.055.3

67.170.468.370.968.6

77.078.074.672.083.0

80.980.083.687.592.7

97.6101.7100.0105.1109.0

105

Furni-tureand

miscel-laneous

45.247.644.0

51.549.350.755.253.4

60.262.160.057.467.0

69.770.276.679.485.1

93.4101.5100.0104.5108.7

104

Nondurable manufactu

Textiles,apparel,

andleather

58.160.657.8

63.962.764.265.162.3

68.570.369.568.177.5

77.177.882.685.089.8

97.4101.6100.0103.9103.4

98

Paperand

printing

44.646.446.3

51.353.151.955.256.8

61.864.965.464.870.3

72.975.178.080.385.2

90.497.9

100.0103.9109.9

108

Chem-icals,petro-leum,and

rubber

25.026.726.0

31.935.536.839.639.3

45.748.150.350.357.3

59.962.669.174.680.3

86.695.7

100.0109.3117.2

118

Seasonally adjusted

Foods,bever-ages,and

tobacco

61.360.761.4

63.564.866.367.068.2

70.773.373.475.578,9

80.983.786.088.791.7

93.797.3100.0102.7105.5

107

105.3108.4110.3111.6112.7115.5

115.0114.2112.7113.5113.4111.5

108.0105.1107.1104.8107.6107.7

109.6109.9107.6101.497.6

100

109.0109.7110.3110.1110.7111.6

110.6111.6110.6110.8110.7110.2

111.2110.5110.1108.2105.9106.4

106.5106.2104.599.398.3

101

104.6105.1106.2106.1107.4107.5

108.0108.7109.7108.5102.2102.9

103.4106.8108.6106.3104.1103.9

104.3103.8101.599.797.597

103.3104.5105.1104.0103.7106.6

109.3108.1107.9106.0101.698.9

96.393.194.192.494.996.5

95.494.683.973.673.986

103.7103.0104.3105.7105.7105.9

105.4105.5105.7104.9106.1106.8

105.4105.0104.8105.7103.5101.7

101.299.298.498.198.496

110.0111.4111.0109.6109.9107.6

105.8107.3107.6107.7107.6107.0

108.0108.0105.2107.3106.5102.6

103.1104.7102.4102.8103.4103

108.6108.1108.5109.7110.1110.1

108.4108.4107.9107.4107.7107.8

108.2107.0107.1106.7104.0103.5

102.9102.2101.4101.6102.5101

103.0102.3103.8103.1104.9104.7

104.3102.8101.2101.9102.5101.5

101.499.698.699.698.197.4

97.597.597.097.196.496

107.1107.8108.4108.6109.5109.9

110.9111.2110.8110.5111.0111.5

110.0110.0109.9110.3109.0108.1

108.2108.4105.3104.9105.7106

112.7114.7115.6116.7117.2117.5

118.5117.1117.5117.2118.6118.3

116.9117.9118.3119.5115.9118.1

119.4117.6116.8116.4117.3118

104.8105.9106.2104.9103.9104.0

105.1107.1106.6103.4105.7106.4

108.4109.0107.3108.0107.3105.7

106.3106.4107.1105.1106.2107

Note.—The indexes in this table were converted to a 1967 base from the Federal Reserve indexes published on a1957-59 base.


239


TABLE G-38.—Manufacturing output, capacity, and utilization rate, 194S-70

Period

19481949.

19501951195219531954.

19551956195719581959.

I960 .1961.1962.1963.1964.

196519661967.19681969

1970

1965: I . .II.IIIIV

1966: III.IIIIV

1967: I.II.IIIV.

1968: l ._II. .IllIV.

1969: I . .II .MLIV.

1970: I vIIIIIIV

Output Capacity'

1967 output=100

43.140.8

47.551.353.458.054.0

60.962.763.158.466.4

68.268.674.378.283.3

90.899.3

100.0104.5108.9

104.0

88.589.991.593.2

96.798.7

100.1101.3

99.698.699.1

101.0

102.6104.0104.5105.9

107.5108.9109.8107.9

106.8105.6104.4110.1

48.150.8

52.854.758.061.664.7

67.971.675.678.881.5

84.587.490.493.897.4

102.7109.6116.5123.2130.0

136.8

Utilization rate J

Total Advancedproducts

Percent

89.780.2

90.494.091.394.283.5

90.087.783.674.081.5

80.678.582.183.385.7

88.590.585.384.683.7

76.6

87.980.3

87.391.091.994.183.8

87.886.082.373.681.0

81.178.982.583.184.4

87.690.585.983.881.6

73.9

Seasonally adjusted

100.3101.9103.5105.1

106.9108.7110.5112.3

114.0115.7117.4119.0

120.7122.4124.1125.8

127.5129.2130.8132.5

134.2135.9137.6139.3

88.588.488.588.6

90.590.890.690.0

87.185.084.384.8

85.085.184.284.2

84.584.584.281.7

79.878.076.272.3

87.287.187.488.7

90.290.490.690.6

87.886.285.184.3

84.583.883.783.2

82.782.382.379.1

77.575.673.469.2

Primaryproducts

92.280.0

94.898.190.494.483.0

93.290.185.374.682.1

80.078.181.683.687.4

89.790.584.685.886.7

80.2

90.290.190.188.5

90.991.490.689.1

86.283.483.285.6

85.786.984.985.6

87.087.886.785.3

83.181.280.176.5

»For description and source of data see "A Revised Index of Manufacturing Capacity," Frank deLeeuw, Frank E.Hopkins,and Michael D. Sherman, "Federal Reserve Bulletin," November 1966, pp. 1605-1615. See also McGraw-Hill surveys on"Business Plans for New Plants and Equipment" for data on capacity and operating rates.

5 Output as percent of capacity; based on unrounded data.

Source: Board of Governors of the Federal Reserve System (output) and sources in footnote 1 (capacity and utilizationrate).

24O


TABLE G-39.—Business expenditures for new plant and equipment, 1947—71 1


Yearor quarter

194719481949

1950195119521953 . . . .1954

1955 . . .1956195719581959

19601961196219631964

19651966196719681969

1970s19713

1968: 1

III"."IV....

1969: 1I L . . .I I I . . .

1970: 111 . . . .I I I . . .IV3 .

1971: | 3 . . _ .II 3 . . .

Total

19.3321.3018.98

20.2125.4626.4328.2027.19

29.5335.7337.9431.8933.55

36.7535.9138.3940.7746.97

54.4263.5165.4767.7675.56

80.5881.67

68.0966.2967.7769.05

72.5273.9477.8477.84

78.2280.2281.8881.72

81.4082.20

Manufacturing

Total

8.449.017.12

7.3910 7111.4511.8611.24

11.8915.4016 5112.3812.77

15 0914.3315.0616.2219 34

23.4428.2028.5128.3731.68

32.2631.39

28.0227.8428.8628.70

29.9931.1633.0532.39

32.4432.4332.1532.13

31.4931.11

Dura-ble

goods

3.253.302.45

2.944.825.215.314.91

5.417.457 845.615.81

7 236 316.797.539 28

11.5014.0614.0614.1215.96

15.9115.42

14.1113.5114.4714.39

15.4715.9816.5315.88

16.4016.3215.7415.30

15.7014.85

Non-durablegoods

5.195.714.68

4.455 896.246.566.33

6.487.958 686.776.95

7 858.028.268.70

10 07

11.9414.1414 4514.2515.72

16.3615.97

Mining

0.69.93.88

.841.111.211.251.28

1.311.641.691.431.36

1.301.291.401.271.34

1.461.621.651.631.86

1.861.84

Transportation

Rail-road

0.911.371.42

1.181.581.501.42.93

1.021.371.58.86

1.02

1.16.82

1.021.261.66

1.992.371.861.451.86

1.831.56

Air

0.17.10.12

.10

.14

.24

.24

.24

.26

.35

.41

.37

.78

.66

.73

.52

.401.02

1.221.742.292.562.51

2.942.16

Other

1.131.17.76

1.091.331.231.291.22

1.301.311.301.061.33

1.301.231.651.581.50

1.681.641.481.591.68

1.241.28


13.9114.3314.4014.31

14.5215.1816.5216.50

16.0516.1116.4016.82

15.7916.26

1.801.661.571.52

1.831.881.891.85

1.921.841.861.81

1.86

1.681.491.291.34

1.681.762.061.94

1.741.881.961.76

1.56

2.881.982.692.87

2.892.222.232.80

2.942.883.242.72

2.03

1.431.491.651.75

1.871.661.651.63

1.371.121.221.27

1.15

Publicutili-ties

1.542.543.10

3.243.563.744.343.99

4.034.525.675.525.14

5.245.004.904.985.49

6.137.438.74

10.2011.61

13.3315.24

10.0810.249.82

10.63

11.5211.6811.4811.80

12.1412.7213.8414.36

15.92

Com-muni-cation

1.401.741.34

1.141.371.611.781.82

2.112.823.192.792.72

3.243.393.854.064.61

5.306.026.346.838.30

10.24

Com-mer-cialand

other 2

5.054.424.24

5.225.675.456.026.45

7.638.327.6C7.488.44

8.759.139.99

10.9912.02

13.1914.4814.5915.1416.05

16.86

28720

6.836.426.677.34

7.747.928.718.76

9.1410.3810.62

15.3715.1715.2214.91

15.0015.6716.7816.67

16.5216.9817.00

27.18

27.38

51.09

1 Excludes agricultural business; real estate operators; medical, legal, educational, and cultural service; and nonprofitorganizations. These figures do not agree precisely with the fixed investment data in the gross national product estimates,mainly because those data include investment by farmers, professionals, institutions, and real estate firms, and certainoutlays charged to current account.

2 Commercial and other includes trade, service, construction, finance, and insurance.3 Estimates based on expected capital expenditures reported by business in October-December 1970. Includes adjust-

ments for systematic biases in expectations data.

Note.—Annual total is the sum of unadjusted expenditures; it does not necessarily coincide with the average of season-ally adjusted figures.

Sources: Department of Commerce (Office of Business Economics) and Securities and Exchange Commission.

241


TABLE CM-O.—New construction activity, 1929-70[Value put in place, millions of dollars]

Year or month

1929

19301931193?19331934 . . . .19351936193719381939

1940194119421943194419451946

New series5

194619471948 . . . .1949

1950.195119521953195419551956195719581959

1960196119621963

New series9

19621963196419651966196719681969

1970 7

Totalnewcon-

struc-tion

10,793

8,7416,4273 5382 8793] 7204 2326 4976,9996,9808,198

8 68211 95714 0758 3015 2595,809

12,627

14,30820,04126,07826,722

33, 57535 43536 82839,13641,38046,51947,60149,13950 15355, 305

53,94155,44759,57662,755

59,66763,42366,20072,31975,12076,16084,69090,866

90,690

Private construction

Total

8,307

5,8833,7681,6761,2311,5091,9992,9813,9033,5604,389

5,0546,2063,4151,9792,1863,411

10,396

12,07716,72221,37420,453

26,70926,18026,04927,89429,66834,80434,86935,08034,69639,235

38,07838,29941,70743,859

41,79844,05745,81050,25351,12050,58756,99662, 806

62, 850

Residential build-ing (nonfarm)

TotaM

3,625

2,0751,565

630470625

1,0101,5651,8751,9902,680

2,9853,5101,715

885815

1,2764,752

6,2479,850

13,12812,428

18,12615,88115,80316, 59418,18721,87720,17819,00619,78924,251

21,70621,68024,29225,843

24,29226,18726,25826,26823,97123,73628,82330,603

29, 040

Newhous-

ingunits

3,040

1,5701,320

485290380710

1,2101,4751,6202,270

2,5603,0401,440

710570720

3,300

4,7957,765

10, 50610,043

15, 55113,20712,85113,41114,93118,24216,14314,73615,44519,233

16,41016,18918,63820,064

18,63820,38520,35420,35117,96417,88522,42323,689

21,880

Nonresidential building and otherconstruction

Total

4,682

3,8082,2031,046

761884989

1,4162,0281,5701,709

2,0692,6961,7001,0941,3712,1355,644

5,8306,8728,2468,025

8,58310,29910,24611,30011,48112,92714,69116,07414,90714,984

16,37216,61917,41518,016

17,50617,87019,55223,98527,14926,85128,17332, 203

33,810

Com-mer-c i a l

1,135

893454223130173211290387285292

3484091553356

2031,153

1,153957

1,3971,182

1,4151,4981,1371,7912,2123,2183,6313,5643,5893,930

4,1804,6744,9555,200

5,1444,9955,3966,7396,8796,9828,333

10,136

In-dus-trial

949

532221

74176191158266492232254

442801346156208642

1,689

1,6891,7021,397

972

1,0622,1172,3202,2292,0302,3993,0843,5572,3822,106

2,8512,7802,9492,962

2,8422,9063,5655,1186,6796,1315,5946,373

Others

2,598

2,3831,528

749455520620860

1,1491,0531,163

1 2791,4861,199

9051,1071,2902,802

2,9884,2135,4525,871

6,1066,6846,7897,2807,2397,3107,9768,9538,9368,948

9,3419,1659,5119,854

9,5209,969

10, 59112,12813,59113,73814,24615,694

Public construction

Total

2,486

2,8582,6591 8621 6482,2112 2333 5163,0963,4203,809

3 6285,751

10,6606,3223,0732,3982,231

2,2313,3194,7046,269

6,8669,255

10,77911,24211,71211,71512,73214,05915,45716, 070

15,86317,14817,86918,896

17, 86919,36620,39022,06624,00025, 57327,69428,060

27,840

Fed-erallyowned

155

209271333516626814797776717759

1 1823,7519,3135,6092,5051,737

865

865840

1,1771,488

1,6242,9814,1854,1393,4282,7692,7262,9743,3873,724

3,6223,8793,9133,970

3,9134,0103,9054,0183,9573,5123,4553,409

3,320

Stateand

locallyowned •

2,331

2,6492,3881 5291 1321,5851 4192 7192,3202,7033,050

2 4462 0001,347

713568661

1,366

1,3662,4793,5274,781

5,2426 2746,5947,1038,2848,946

10,00611,08512,07012,346

12,24113,26913,95614,926

13,95615,35616,48518,04820,04322,06124.23824,651

24, 520


242


TABLE C-40.—New construction activity, 1929-70—Continued

[Value put in place, millions of dollars]

Year or month

1969: JanF e b . . . .Mar. . . .Apr . .May.. . .June . . .

July . . . .AugS e p t . . .O c t . . . .Nov .D e c . . .

1970: J a n . . . .F e b . . . .Mar. . . .A p r . . . .May.. . .June . . .

JulyAugSept v

Octp..".Nov »___

Totalnewcon-

struc-tion

Private construction

Total

Residential build-ing (nonfarm)

Total iNew

hous-ing

units

Nonresidential building and other

Total

construction

Com-mer-cials

In-dus-trial

Other*

Public

Total

construction

Fed-erallyowned

Stateand

locallyowned«


91,97292,06691,72292, 78492, 35991,475

90,80689, 88991,10590,65788, 79189, 759

90, 79091,97890,71890, 72189, 70290, 090

89, 23590, 03190,68491,32791,059

62,87562, 55062, 76263, 05063, 66963, 027

63,16162,41263, 72563, 56161,80561,878

62, 73763, 34064,15963,60662, 65661,652

60, 79561, 59662, 48963,65563,285

31, 08431,43632,42333, 01832,97131,635

30, 30429, 28429,21429, 28028, 77828,926

28,71128,65829, 38129,82929,15027,698

27,13427,63928 53229,69830, 540

24,97225,47225,45824,99524, 49023,887

23,21422, 57722,61523, 02722, 76022,468

21,66721,19621,40421,34020, 57219,972

20, 38021,43022,29023,17324,019

31,79131,11430,33930, 03230, 69831,392

32,85733,12834,51134, 28133, 02732,952

34, 02634,68234, 77833, 77733, 50633,954

33,66133,95733,95733, 95732, 745

9,9719,9419,7519; 0669,284

10, 020

10,41710,34311,11810,85610,16810,337

11,02911,72411,83110,57710,55310,903

10,02710,18810,37510,2108,924

6,8006,3186,0195,8575,9236,050

6,4046,4146,7146,9466,5716,419

6,4336,0005,9166,2305,8645,892

5,9156,2415 7415,9836,086

15,02014, 85514, 56915,10915,49115, 322

16, 03616, 37116,67916,47916,28816,196

16, 56416,95817, 03116,97017, 08917,159

17,71917,52817,84117,76417,735

29, 09729, 51628,96029,73428,69028, 448

27,64527,47727, 38027, 09626,98627, 881

28, 05328,63826, 55927,11527, 04628,438

28,44028,43528,19527,67227,774

3,5513,4633,5303,7843,4883,574

3,1143,4133,4313,4373,0623,234

3,2403,3223,0693,5343,2253,321

2,8693,4793 5493,5503,398

25,54626, 05325, 43025,95025, 20224, 874

24, 53124,06423,94923,65923,92424,647

24,81325,31623,49023, 58123, 82125,117

25, 57124,955

» Total includes additions and alterations and nonhousekeeping units not shown separately.2 Office buildings, warehouses, stores, restaurants, and garages.3 Farm, institutional, public utilities, and all other private.* Includes Federal grants-in-aid for State and locally owned projects.* New series in 1946 reflects differences due to the new higher level series of housing starts and farm construction ex-

penditures and the reduced level value in place series for public utilities. See "Construction Report C30-61 (Supplement)"for a description of the differences.

* New series differs from old in that it reflects differences in 1962 due to the introduction of new series for private non-residential buildings and differences in 1963 due to the introduction of new series for State and locally owned publicconstruction. See "Construction Report C30-65S" for a description of the differences.

i Preliminary estimates by Council of Economic Advisers.

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

243


TABLE C-41.—New housing starts and applications for financing, 1929-70[Thousands of units]

Year ormonth

1929

1930193119321933193419351936193719381939

19401941194219431944

New series

19451946194719481949

195019511952195319541955195619571958 . . . .1959

1960196119621963196419651966196719681969

1970*

Housing starts

Private andpublic^

Total(farm

andnon-

farm)

1,553.5

1,296.01,365.01,492.41,642.01,561.01,509.61,195.91.321.91,545.51,499.6

1,462.7

Non-farm

509.0

330.0254.0134 093.0

126.0221.0319.0336.0406.0515.0

602.6706.1356.0191.0141.8

326.11 023.21,268 51,362.11,466.1

1,951.91,491.01,503.91,437.61,550.51,646. 01,349.11,223.91,382.01,531.3

1,274.01,336.81,468.71,614.81,534.01,487.51,172.81.298.81,5?1.41,482.3

<9)

Private i

Total (farm and nonfarm)

Total

1,516.8

1,252.11,313.01,462.71,610.31,528.81,472.91,165.01.291.61,507.71,466.8

1,429.3

Type ofstructure2

Onefamily

1,234.3

994.7974.4991.3

1,020.7970.5963.8778.5843.9899.5810.6

810.7

Two ormore

families

282.5

257.4338.6471.4589.6558.3509.1386.5447.7608.2656.2

618.6

Nonfarm

Total

509.0

330.0254.0134.093.0

126.0215.7304.2332.4399.3458.4

529.6619.5301.2183.7138.7

324.91,015.21,265.11,344.01,429.8

1,908.11,419.81,446.01,402.11,531.81,626.61,324.91,174.81,314.21,494.6

1,230.11,284.81,439.01,582.91,501.91,450.61,141.51,268.41,483.61,449.1

(8)

SelectedGovernment

home programs 3

FHA<

13.248.857 0

106.8144.7

176.6217.1160.2126.183.6

38.967.1

178.3216.4252.6

328.2186.9229.1216.5250.9268.7183.4150.1270.3307.0

225.7198.8197.3166.2154.0159.9129.1141.9147.7153.6

233.5

VA

88.891.8

160.371.190.8

191.2148.6141.3156.5307.0392.9270.7128.3102.1109.3

74.683.377.871.059.249.436.852.556.151.2

61.0

Newprivatehousing

unitsauthor-ized s

1,208.3

998.01,064.21,186.61,334.71,285.81,239.8

971.91,141.01,353.41,322.3

1,324.9

Proposedhome con-struction «

Appli-cations

forFHAcom-mit-

ments *

7 20.647.849.8

131.1179.8

231.2288.5238.5144.462.9

56.6121 7286 4293.2327.0

397.7192.8267.9253.7338.6306.2197.7198.8341.7369.7

242.4243.8221.1190.2182.1188.9153.0167.2168.9187.6

315.0

Re-quests

forVAap-

prais-als

164.4226.3251.4535.4620.8401.5159.4234.2234.0

142.9177.8171.2139.3113.6102.199.2

124.3131.7138.2

143.7


244


TABLE C-41.—New housing starts and applications for financing, 1929-70—Continued

[Thousands of units]

Year ormonth

1969: Jan...Feb..Mar..Apr..May..June.

July..Aug_.Sept.Oct...Nov..Dec .

1970: Jan...Feb_.Mar..

MayV.June..

July..Aug..Sept..Octp..N O V P .

Decp.

Housing starts

Private andpublic i

Total(farm

andnon-

farm)

Non-farm

Private i

Total (farm and nonfarm)

Total

Type ofstructure2

Onefamily

Two ormore

families

Nonfarm

Total

SelectedGovernment

home programs3

FHA* VA

Newprivatehousing

unitsauthor-ized s


1,7051,6391,5881,5051,5331,507

1,4291,3761,4811,3901,2801,402

1,0591,3061,3921,2241,2421,393

1,6031,4251,5091,5831,6881,987

926864824797877826

803752828766762776

577725708697728835

827838881890930

1,204

779775764708656681

626624653624518626

482581684527514558

776587628693758783

1,6741,6181,5711,4901,5191,483

1,4061,3621,4621,3771,2611,346

?!1(9)(9)(9)(9)(9)(9)

138139156164137149

138142151160178191

170182187205194215

228236243265292300

585253494748

474754515257

545862605751

506460637178

1,4741,4521,4161,4141,3321,346

1,2901,3251,2481,2121,2131,175

1,051I , l l 81,0851,1781,3091,284

1,3091.3781,3891,5211,4891,737

Proposedhome con-struction 6

Appli-cations

forFHAcom-mit-

ments4

Re-quests

forVAap-

prais-als

180171162169169178

176169193224230210

251250258282269290

294319338327350350

148132135127124130

142152128127177147

141142142134131125

127153138166163151

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

* Not available prior to 1959 except for nonfarm for 1929-44.* Data are not available for new homes started under the Department of Agriculture, Farmers Home Administration

program.* Units are for 1- to 4-family housing.5 Data beginning 1967 cover approximately 13,000 permit-issuing places. Data for 1963-66 are based on 12,000 places

and 1959-62,10,000 places. The addition of approximately 1,000 permit-issuing places in 1957 contributed an increase of3 percent in total permit authorizations.

« Units in mortgage applications or appraisal requests for new home construction.7 FHA d i J 1934 ll 1934 t i i t i l d d i 1935

U i t s i m t g g e p p t s or pp q7 FHA program approved in June 1934; all 1934 activity included in 1935.8 Monthly estimates for September 1 9 4 5 M 1950 d b H9 Not available separately beginning

934; all 1934 activity included in 1935.thly est imtes p b e r 1945-May 1950 were prepared by Housing and Home Finance Agency.

9 Not available separately beginning January 1970.

Sources: Department of Commerce (Bureau of the Census), Department of Housing and Urban Development,(FederalHousing Administration (FHA)), and Veterans Administration (VA) , except as noted.

245


TABLE G—4-2.—Sales and inventories in manufacturing and trade, 1947-70

[Amounts in millions of dollars]

Year or month

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

1950—1951...1952...1953...1954...

1955..1956—1957...1958...1959...

1960...196H-1962...1963..1964...

1965...1966...1967...1968...1969—

1970s.

1969: Jan.. .Feb...Mar..Apr...May..June..

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

1970: Jan.. .Feb...Mar..AprMay..June..

July..Aug..Sept..Octp.Nov v_Dec..

Total manufacturingand trade

Sales i

35,26033,788

38,59643,35644,84047,98746,443

51,69454,06355,87954,23359,661

60,74661,13365,41768,96973,685 111

80,27687,18488,96296,989103, 755

106, 529

Inven-tories2

52, 50749, 497

59,82270,24272,37776,12273,175

79,51687,30489,05286,92291,891

94,74795,648101,090105,477"",457

120,900136,988143,334152,699164,917

170,857

Ratio 3

.42

.53

.36

.55

.581.581.60

1.471.551.591.601.50

1.561.541.511.491.47

1.451.471.571.521.53

1.57

Manufacturing

Sales i

15,51317,31616,126

18,63421,71422, 52924,84323,355

26,48027,74028,73627,28030,219

30,79630,89633,11335,03237,335

41,00344,87645,71250,38454, 726

55,613

Inven-tories 2

25,89728, 54326,321

31,07839, 30641,13643,94841,612

45,06950,64251,87150,07052,707

53,81454,93958,21360,04363, 386

68,22178,22482,82588, 56795,931

100, 032

Ratio s

1.581.571.75

1.481.661.781.761.81

1.621.731.801.841.70

1.761.741.721.691.64

1.601.621.771.701.69

1.76

Merchant wholesalers

Sales i

6,8086,514

7,6958,5978,7829,0528,993

9,89310,51310,47510,25711,491

11,65611,98812,67413,38214, 527

15,59516,97917,09918,32919, 726

20, 551

Inven-tories2

7,9577,706

9,2849,88610,21010,68610,637

11,67813,26012,73012,73913,879

14,12014,48814,93616,04816,977

18,27420,69121,55722, 52824,363

26,318

Ratio 3

1.131.19

1.071.161.121.171.18

1.131.191.231.241.15

1.221.201.161.151.13

1.141.141.211.201.19

1.23

Retail trade

Sales i

10,20011,13511,149

12,26813,04613,52914,09114,095

15,32115,81116,66716,69617,951

18,29418,24919,63020, 55621,823

23,67725,33026,15128,27729,303

30,364

Inven-tories 2

14,24116,00715,470

19,46021,05021,03121,48820,926

22,76923,40224,45124,11325,305

26,81326,22127,94129,38631,094

34,40538,07338,95241,60444,623

44, 507

Ratio 3

1.261.391.41

1.381.641.521.531.51

1.431.471.441.431.40

1.451.431.381.391.40

1.391.441.461.431.47

1.47

Seasonally adjusted

100,192101,418101, 776 155;102, 704 156,103,349104, HO

103,668105,295106,078106, 593105, 566105,021

104,932106,164105, 487105, 087106, 847107, 612

108,175

153,227154,536"".,671

i,698157, 584158, 553

159,634160,734161,841163, 331163,763164,917

164,698165, 638166,149167, 059166,734167,375

108,393 168,635169,364

108,074 170,038106,224 170,352104, 824 170, 857

1.531.521.531.531.521.52

1.541.531.531.531.551.57

1.571.561.581.591.561.56

1.561.571.571.601.63

52,89053, 36253,37953, 68353,85854,799

54, 85955,89056,60956,68555,88855, 540

55,07055, 61355,22354, 53955, 66156,438

57,02556,69656,47554,93654, 0S8

89,02789,63690,37191, 03991,88592,193

93,04493, 59094, 22894,96495,47495,931

96, 20096, 65296, 98297,79197, 63597, 706

98, 26098, 48898, 65899, 466100, 032

1.681.681.691.701.711.68

1.701.671.661.681.711.73

1.751.741.761.791.751.73

1.721.741.751.811.85

18,34718, 79919,51619,61220,10519,970

19, 71920,05920,21020,28820,20720,062

20,29220, 57120,46320,01220, 68420, 656

20,63920,69820,71420, 75420, 583

22,44122, 76923,08023, 34123, 43823,611

23, 59123,60923, 71623,95624,02124,363

24,48424, 85324, 84224,94224,99025,142

25,41025,42325,68926, 00326,318

28,95529,25728, 88129,40929; 38629, 371

29,09029,34629,25929,62029,47129,419

29, 57029,98029,80130, 53630, 50230, 518

30,72930, 78130,88530, 53430,173'30,593

41, 75942,13142,22042,31842, 26142, 749

42,99943,53543,89744,41144, 26844, 623

44,01444,13344.32544.32644,10944, 527

44,96545, 45345,69144, 88344, 507

1.441.441.461.441.441.46

1.481.481.501.501.501.52

1.491.471.491.451.451.46

1.461.481.481.471.48

1 Monthly average for year and total for month.2 Seasonally adjusted, end of period.3 Inventory/sales ratio. For annual periods, ratio of weighted average inventories to average monthly sales; for monthly

data, ratio of inventories at end of month to sales for month.4 Manufacturing data prior to 1961 not completely comparable with later data. See Department of Commerce, Bureau

of the Census, "Series M3-1.1," September 1968.5 Based on seasonally adjusted data through November.6 Unofficial estimate.

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

Source: Department of Commerce (Office of Business Economics and Bureau of the Census).

246


TABLE C-43.—Manufacturers* shipments and inventories^ 1947-70

[Millions of dollars]

Year or month

194719481949

19501951195219531954

19551956195719581959

196019613 .196219631964

19651966196719681969

1970*

1969: JanF e b . . . .Mar..A p r . . . .May. . . .June

July . . . .A u g . . . .Sept . . . .OctNovD e c - . . .

1970: JanFebMar..._A p r . . . .May_...June

July . . . .AugSept . . . .Oct . . . . .Nov p. .Dec p

Shipments i

Total

15,51317,31616,126

18,63421,71422,52924,84323,355

26,48027,74028,73627,28030,219

30,79630,89633,11335,03237,335

41,00344,87645,71250,38454,726

55,613

Dura-ble

goodsindus-tries

6,6947,5797,191

8,84510,49311,31313,34911,828

14,07114,71515,23713,57115,545

15,81715,54417,10318,24719,634

22,21624,63524,97327,65330,415

30, 214

Non-durablegoodsindus-tries

8,8199,7388,935

9,78911,22111,21611,49411,527

12,40913,02513,49913,70814,674

14,97915,35216,01016,78617,701

18,78820,24020,73922,73124,311

25,399

1 nventories 2

Total

25,89728,54326,321

31,07839,30641,13643,94841,612

45,06950,64251,87150,07052,707

53,81454,93958,21360,04363,386

68,22178,22482,82588,56795,931

100,032

Durable goods industries

Total

13,06114,66213,060

15,53920,99123,73125,87823,710

26,40530,44731,72830,09531,839

32,36032,509

Mate-rialsandsup-plies

8,9667,894

9,19410,41710,6089,847

10,585

10,28610.242

Workin

process

10,7209,721

10,75611,31712,83712,29412,952

12,78013.211

34,605: 10.798 14.20535,81338,436

42,22749,84953,53057,39963,547

65,920

11,00111,927

13,29915,50715,60416,63417,606

17.867

14,99716,253

18,15222,00424,66426,32729,790

30, 551

Fin-ishedgoods

6,2066,040

6,3487,5658,1257,7498,143

9,1909,0569,6029,815

10,256

10,77612,33813,26214,43816,151

17,502

Nondurable goods industries

Total

12,83613,88113,261

15,53918,31517,40518,07017,902

18,66420,19520,14319,97520,868

21,45422,43023,60824,23024,950

25,99428,37529,29531,16832,384

34,112

Mate-rialsandsup-plies

8,3178,167

8,5568,9718,7758,6719,089

9,1139,4649,841

10,00310,185

10,48811,28911,26411,61711,821

12,260

Workin

process

2,4722,440

2,5712,7212,8642,8002,928

2,9353,1933,3043,4103,519

3,8234,2574,4824,8345,072

4,973

Seasonally adjusted

52,89053,36253,37953,68353,85854,799

54,85955,89056,60956,68555,88855,540

55,07055,61355,22354,53955,66156,438

57,02556,69656,47554,93654,068

29,35829,84229,64129,86229,70830,292

30,21031,54831,91431,68031,01130,603

29,93030,27329,75729,63330,48830,638

31,31531,27030,86329,36928,81529,925

23,53223,52023,73823,82124,15024,507

24,64924,34224,69525,00524,87724,937

25,14025,34025,46624,90625,17325,800

25,71025,42625,61225,56725,253

89,02789,63690,37191,03991,88592,193

93,04493,59094,22894,96495,47495,931

96,20096,65296,98297,79197,63597,706

98,26098,48898,65899,466

100,032

57,93158,31158,96859,42760,07460,505

61,35661,65362,10062,70463,08963,547

63,90963,97764,26364,68964,44764,395

65,07965,29065,32365,62865,920

16,76216,69916,98316,94017,02117,011

17,04516,95917,02417,10117,21717,606

17,66317,70217,69817,57017,44717,438

17,47017,62117,65217,70817,867

26,63626,93427,20827,42627,77728,092

28,72929,00729,29229,55229,69329,790

29,99829,96530,06030,30930,30830,263

30,60530,55530,53930,52230, 551

14,53314,67814,77715,06115,27615,402

15,58215,68715,78416,05116,17916,151

16,24816,31016,50516,81016,69216,694

17,00417,11417,13217,39817, 502

31,09631,32531,40331,61231,81131,688

31,68831,93732,12832,26032,38532,384

32,29132,67532,71933,10233,18833,311

33,18133,19833,33533,83834,112

11,51311,58511,56711,71611,77211,696

11,66011,74311,80311,99711,96611,821

11,64711,81811,93611,95011,92111,910

11,84911,85611,87712,11712,260

4,9725,0004,9444,9725,0044,945

4,9484,9855,0475,0785,0765,072

5,0765,0134,9584,9935,0135,002

4,9774,8964,8874,9404,973

Fin-ishedgoods

7,4097,415

7,6668,6228,6248,4988,857

9,3539,773

10,46310,81711,246

11,68312,82913, 54914,71715,491

16,879

14,61114,74014,89214,92415,03515,047

15,08015,20915,27815,18515,34315,491

15,56815,84415,82516,15916,25416,399

16,35516,44616,57116,78116,879

1 Monthly average for year and total for month.2 Book value, seasonally adjusted, end of period.> Data prior to 1961 not completely comparable with later data. See Department of Commerce, Bureau of the Census,

"Series M3-1.1," September 1968.* Based on seasonally adjusted data through November.


247


TABLE C-44.—Manufacturers' new and unfilled orders, 1947-70

[Amounts in millions of dollars]

Year or month

1947 _19481949 _._

195019511952 _19531954 __.

1955 .1956 . — -1957 ___19581959

19601961 *196219631964.

19651966196719681969

1970s

1969: JanFebMar .AprMayJune .


1970: JanFebMarAprMay . . . . .June

JulyAugSept . .OctNov ?-- - - . .Dec v

New orders1

Total

15,25617,69215,614

20,11023,90723,20323,53322,313

27,42328,38327,51426,90130,679

30,11531,08633,00535,32237,952

41,80345,93845,92850,67054,933

54,958

Durable goodsindustries

Total

6,3888,1266,633

10,16512,84112,06112,10510,743

14,95415,38114,07313,17015,951

15,22315,69917,02518,52120,258

22,98625,70925,18927,94230,624

29,549

Pro-ducers'capitalgoodsindus-tries

2,0841,770

2,4992,8702,5662,3542,878

2,7912,8543,0903,4123,935

4,4355,2685,2505,8046,553

6,421

Non-dura-

blegoodsindus-tries

8,8689,5668,981

9,94511,06611,14211,42811,570

12,46913,00213,44113,73114,728

14,89215,38715,98016,80117,694

18,81720,22920,73922,72824, 309

25,410

Unfilled orders >

Total

34,41530,71724,506

43,05569,78575,64961,17848,266

60,00467,37553,18348,88254,494

46,13348,39547,30750,94058, 506

68,14680,94483,41086,71889,221

82,014

Dura-ble

goodsindus-tries

28,53226,60120,018

36,83865,83572,48058,63745,250

56,24163,88050,35245,73950,654

43,40145,24144,48547,95855,623

64,92077,86480,32183,66586,206

78,883

Non-dura-

blegoodsindus-tries

5,8834,1164,488

6,2173,9503,1692,5413,016

3 7633 4952,8313,1433,840

2,7323,1542,8222,9822,883

3,2263,0803,0893,0533,015

3,131

Unfilled orders-shipments ratio*

Total

3.42

3 633.873.352.602.85

2.582.522.462.402.49

2.622.902.802.742.59

Dura-ble

goodsindus-tries

4.12

4 274.554.003.493.44

3.213.012.952.892.99

3.123.483.363.323.11

Non-dura-

blegoodsindus-tries

0.96

1 121.04.85.55.88

.63

.72

.65

.63

.57

.60

.54

.51

.45

.42

Seasonally adjusted

53,45953,74053,74054,71554,62154,101

55,64155,77956,66956,43055,91255,138

54,11954,71454,33953,37455,13955,778

57,11155,96855,52354,19054,291

29,94230,19829,94930,85930, 50129,556

31,06331,46331,98631,43631,04830,209

29,04629,36828, 86128,44929,97730,028

31,39930, 53729,85628, 50429,00930,08d

6,3096,5276,4197,0526,5166,460

6,3976,2947,0866,3496,7446,536

6,5426,6275,9985,9846,3026,281

6,4116,2996,7596,5526,8736,224

23,51723,54223,79123,85624,12024, 545

24,57824,31624,68324,99424,86424,929

25,07325,34625,47824,92525,16225,750

25,71225,43125,66725,68625,282

87,28787,66588,02689,05889,82189,123

89,90589,79489,85489,59989,62389,221

88,27087,37186,48785,32284,79784,146

84,22983,49282, 54481,79782,014

84,24984,60584,91385,91086,70385,967

86,82086,73586,80786, 56386,60086,206

85,32284,41783,52182,33781,82481,221

81,30180,56179, 55978,69378,883

3,0383,0603,1133,1483,1183,156

3,0853,0593,0473,0363,0233,015

2,9482,9542,9662,9852,9732,925

2,9282,9312,9853.1043,131

2.662.642.662.662.692.63

2.632.622.582.542.572.59

2.582.542.552.532.472.44

2.392.392.342.382.42

3.213.173.203.203.233.16

3.183.153.083.053.093.11

3.133.073.083.072.972.95

2.902.882.812.872.92

.44

.45

.45

.45

.45

.45

.42

.43

.43

.42

.42

.42

.43

.43

.43

.44

.44

.42

.41

.43

.43

.45

.46

i Monthly average for year and total for month.> Seasonally adjusted, end of period.3 Ratio of ui,filled orders at end of period to shipments for period; excludes industries with no unfilled orders. Annual

figures relate to seasonally adjusted data for December.* Data prior to 1961 not completely comparable with later data. Comparable data for new orders (total, durable, and non-

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

• Based or seasonally adjusted data through November.


248


PRICESTABLE C-45.-—Consumer price indexes, by major groups, 1929-70

For city wage earners and clerical workers

[1967=100]

Year or month Allitems

51.350.045.640.938.840.141.141.543.042.241.642.044.148.851.852.753.958.566.972.171.472.177.879.580.180.580.281.484.386.687.388.789.690.691.792.994.597.2

100.0104.2109.8116.1106.7107.1108.0108.7109.0109.7110.2110.7111.2111.6112.2112.9113.3113.9114.5115.2115.7116.3116.7116.9117.5118.1118.5

Food

48.3

45.937.831.530.634.136.536.938.435.634.635.238.445.150.349.650.758.170.676.673.574.582.884.383.082.881.682.284.988.587.188.089.189.991.292.494.499.1

100.0103.6108.9114.9105.9105.8106.3106.9107.4108.9110.0110.6110.7110.4111.2112.8113.5114.1114.2114.6114.9115.2115.8115.9115.7115.5114.9

Housing

Total

49.350.051.752.652.252.453.756.256.858.159.160.665.269.870.972.877.278.780.881.782.383.686.287.788.690.290.991.792.793.894.997.2

100.0104.2110.8118.6107.3107.9108.8109.6110.1110.5111.1111.8112.5113.0113.6114.2114.7115.7116.9117.6118.2118.6119.2119.9120.6121.2121.9

Rent

76.0

73.970.062.854.150.750.651.954.256.056.056.257.258.558.558.658.859.261.165.168.070.473.276.280.383.284.385.987.589.190.491.792.994.095.095.996.998.2

100.0102.4105.7109.8104.0104.3104.5104.8105.1105.4105.7106.1106.5106.9107.2107.7107.9108.4108.8109.1109.4109.8110.1110.5110.9111.4111.8

Appareland

upkeep

48.5

47.543.238.236.940.440.841.143.243.042.442.844.852.354.658.561.567.578.283.380.179.086.185.384.684.584.185.887.387.588.289.690.490.991.992.793.796.1

100.0105.4111.5115.8108.2108.7109.6110.2111.1111.4111.2111.1112.9113.9114.6114.7113.4114.0114.6115.0115.7116.0115.3115.4117.2118.2119.0

Trans-porta-tion

42.643.043.744.043.042.744.248.147.947.947.850.355.561.866.468.272.577.379.578.377.478.883.386.089.689.690.692.593.094.395.997.2

100.0103.2107.2112.3104.1105.3107.2107.5107.0107.5107.2107.2106.6108.5108.4109.1109.8109.8109.7111.2112.1112.7113.4112.7113.0115.2116.0

Medicalcare

36.136.336.636.736.736.837.038.039.941.142.144.448.151.152.753.756.359.361.463.464.867.269.973.276.4

79.181.483.585.687.389.593.4

100.0106.1113.4120.3109.9110.7111.6112.4113.0113.5114.0114.7115.3114.8115.1115.7116.3117.1118.2119.1119.7120.5121.3122.0122.6122.8123.4

Personalcare

36.937.439.640.440.340.241.245.249.953.455.159.066.068.568.368.374.775.676.376.677.981.184.186.988.790.190.692.293.494.595.297.1

100.0104.2109.3113.0107.1107.4108.1108.7108.9109.3109.6109.8110.2110.2110.6110.9111.3111.7112.2112.4112.8112.7113.1113.7114.0114.4114.5

Readingand

recrea-tion

41.842.543.745.245.346.147.750.054.160.062.464.568.772.274.974.476.676.977.776.976.777.880.783.985.387.389.391.392.895.095.997.5

100.0104.7108.7113.1106.9106.9107.2107.9108.4108.6108.8109.2109.6109.9110.2110.5110.8110.9111.2111.9112.6113.3113.7114.2114.7115.2116.0

Othergoodsand

services

44.644.545.746.146.948.349.250.753.354.756.958.863.866.868.769.972.876.678.579.879.881.083.384.486.187.888.589.190.692.094.297.2

100.0104.6109.1115.7106.3106.4106.7107.1107.4108.2109.2110.1111.1111.8112.6112.9113.3113.6114.0114.7115.1115.7116.2116.8117.4118.0118.3

192919301931193219331 9 3 4 . . . . . .19351936193719381939

1940194119421943.194419451946194719481949

1950195119521953195419551956195719581959196019611962196319641 9 6 5 . . . . . .19661967195819891970i

1969: Jan..Feb.Mar-Apr.May.June.

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

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

July.Aug.Sept.Oct..Nov.

* Eleven-month average.

Note.—The indexes in this table were converted to a 1967 base from the Bureau of Labor Statistics indexes publishedon a 1957-59 base.


249


TABLE C-46.—Consumer price indexes, by special groups, 1935-70


[1967=100]

Year ormonth

1935..1936..1937.1938..1939..

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

19501951..1952..1953..1954..1955..1956..1957..1958..1959..

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

1970 i.

1969: JanF e b . - - .Mar.__.AprMayJune

JulyAugS e p t . . . .OctNovDec


JulyAugSeptOctNov

Allitems

41.141.543.042.241.6

42.044.148.851.852.753.958.566.972.171.4

72.177.879.580.180.580.281.484.386.687.3

88.789.690.691.792.994.597.2

100.0104.2109.8

116.1

106.7107.1108.0108.7109.0109.7

110.2110.7111.2111.6112.2112.9

113.3113.9114.5115.2115.7116.3

116.7116.9117.5118.1118.5

Allitemslessfood

44.945.447.047.547.2

47.348.752.153.655.756.959.464.969.670.3

71.175.777.579.079.579.781.183.885.787.3

89.90.92.93.94.96.

100.104.110.

116.4

106.9107.5108.6109.2109.5109.9

110.3110.7111.3112.0112.5112.9

113.3113.9114.6115.4116.0116.5

117.0117.2118.0118.9119.6

Allitemsless

shel-ter

39.840.341.640.439.7

39.942.447.751.352.253.659.068.573.972.6

73.179.280.881.081.080.681.784.486.987.6

114.2

106.2106.6107.3107.9108.2109.0

109.3109.7110.1110.5111.0111.7

112.0112.4112.8113.5114.0114.4

114.8114.9115.4116.0116.3

Commodities

AllMil

com-modi-ties

40.541.042.641.040.2

40.643.349.654.054.756.362.475.080.478.3

78.885.987.086.785.985.185.988.690.690.7

91.592.092.893.694.695.798.2

100.0103.7108.4

113.3

105.6105.9106.7107.3107.6108.4

108.8109.2109.4110.1110.5111.2

111.2111.7112.0112.6113.1113.5

113.8113.8

i 114.2' 114.8

115.1

Food

36.536.938.435.634.6

35.238.445.150.349.650.758.170.676.673.5

74.582.884.383.082.881.682.284.988.587.1

88.089.189.991.292.494.499.1

100.0103.6108.9

114.9

105.9105.8106.3106.9107.4108.9

110.0110.6110.7110.4111.2112.8

113.5114.1114.2114.6114.9115.2

115.8115.9115.7115.5114.9

Commodities less food

All

46.046.548.548.547.7

48.050.456.05g.461.664.168.176.882.781.5

81.487.588.388.587.586.987.890.591.592.7

93.193.494.194.895.696.297.5

100.0103.7,108.1

112.3

105.3106.0107.0107.3107.6108.1

108.2108.2108.7109.7110.1110.2

110.0110.3110.6111.4112.0112.5

112.5112.6113.4114.5115.1

Dura-ble

45.245.848.749.648.5

48.151.458.460.365.970.974.180.386.287.4

88.495.196.495.793.391.591.594.495.997.3

96.796.697.697.998.898.498.5

100.0103.1107.0

111.4

104.1105.2106.5106.8106.7107.1

107.3107.3107.0108.5108.8108.9

109.0109.0109.4110.1111.1111.9

112.1112.2112.5113.9114.7

Non-dura-ble

43.143.545.345.044.3

44.746.751.653.856.658.662.972.277.876.3

76.282.082.483.183.583.585.387.688.289.3

90.791.291.892.793.594.897.0

100.0104.1108.8

112.9

106.2106.5107.3107.8108.2108.8

108.8109.0110.0110.6111.0111.1

110.7111.2111.5112.3112.7112.9

113.0113.0114.1114.9115.4

Tntollotainon-

dura-ble

39.039.641.139.238.4

38.941.647.651.852.253.759.671.977.274.9

75.482.583.483.283.282.583.786.388.688.2

89.490.290.992.093.094.698.1

100.0103.9108.9

113.9

106.1106.2106.8107.5107.9108.9

109.4109.8110.4110.6111.1112.0

112.1112.6112.9113.4113.9114.0

114.4114.5114.9115.2115.3

Services

Allservices

40.941.342.643.443.5

43.644.245.646.447.548.249.151.154.356.9

58.761.864.567.369.570.972.775.678.580.8

83.585.286.888.590.292.295.8

100.0105.2112.5

121.3

108.8109.4110.3111.2111.7112.2

112.8113.5114.3114.7115.3116.1

117.1118.0119.3120.1120.7121.4

122.0122.7123.5124.1124.9

Rent

50.651.954.256.056.0

56.257.258.558.558.658.859.261.165.168.0

70.473.276.280.383.284.385.987.589.190.4

91.792.994.095.095.996.998.2

100.0102.4105.7

109.8

104.0104.3104.5104.8105.1105.4

105.7106.1106.5106.9107.2107.7

107.9108.4108.8109.1109.4109.8

110.1110.5110.9111.4111.8

Allserv-iceslessrent

37.637.437.838.138.1

38.138.640.342.144.245.146.749.051.954.5

56.059.362.264.866.768.270.173.376.479.0

81.983.985.587.389.291.595.3

100.0105.7113.8

123.4

109.8110.3111.4112.4113.0113.5

114.1115.0115.7116.2116.8117.7

118.8119.8121.2122.1122.8123.5

124.2124.9125.8126.5127.3

* Eleven-month average.



250


T A B L E C-47.—Consumer price indexes, selected commodities and services, 1935—70


[1967=100]

Year ormonth

Durable commodities

Total i Newcars

UsedHouse-

holddura-bles

Housefur-nish-ings

Nondurable commod-ities less food

Total

Apparelcom-mod-ities

Non-dura-bleslessfoodand

apparel

Services less rent

Total

House-holdserv-iceslessrent

Trans-porta-tion

serv-ices

Med-ical

careserv-ices

Other 2

19351936193719381939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960...1961...1962...1963.. .1964...1965...1966...1967...1968.. .1969...

1970*..

1969: J a n . . .F e b . . .M a r . . .A p r . . .M a y . . .J u n e . .

Ju ly . . .A u g . . .S e p t . .O c t . . .N o v . . .D e c . . .

1970: J a n . . .F e b . . .M a r . . .Apr__.M a y . . .J u n e . .

Ju ly . . .A u g . . .S e p t . .O c t . . .N o v . . .

45.245.848.749.648.5

41.141.442.244.243.2

52.153.157.757.756.6

47.648.452.452.050.9

43.143.545.345.044.3

41.341.844.143.743.0

45.445.947.046.946.3

37.637.437.838.138.1

48.151.458.460.365.970.974.180.386.287.4

88.495.196.495.793.391.591.594.495.997.3

96.796.697.697.998.898.498.5

100.0103.1107.0

111.4

104.1105.2106.5106.8106.7107.1

107.3107.3107.0108.5108.8108.9

109.0109.0109.4110.1111.1111.9

112.1112.2112.5113.9114.7

43.346.6

55.959.866.9

69.275.682.8

83.487.494.995.894.390.993.598.4

101.5105.9

104.5104.5104.1103.5103.2100.999.1

100.0102.8104.4

107.0

104.3104.3104.4103.9103.8103.8

103.6103.0101.4106.2107.1106.9

106.7106.6106.4106.3106.1105.8

05.7105.5105.1110.8112.5

89.275.971.869.177.480.289.5

83.686.994.896.0

100.199.497.0

100.0

103.8

95.1100.9107.4108.0104.4105.5

104.5103.299.9

103.5102.8102.0

99.397.096.899.7

104.9108.6

108.5106.3104.9107.2108.8

69.576.081.886.595.6

101.799.0

100.2109.8106.9105.7102.9100.199.7

101.4102.1102.0

101.9100.7100.6100.3100.298.798.6

100.0103.3107.4

110.1

105.2105.6106.3106.9107.5107.7

107.9107.9108.1108.4108.5108.5

108.6108.9109.4109.8110.0110.2

110.3110.4110.6111.0111.4

50.554.061.463.168.673.380.092.798.394.9

95.5106.0103.4102.9101.199.298.199.799.099.0

99.398.798.197.797.697.198.0

100.0103.9108.1

111.3

105.8106.3106.9107.4107.9108.1

108.4108.5109.0109.3109.5109.7

109.6110.2110.8111.1111.3111.5

111.6111.5111.8112.2112.7

44.746.751.653.856.658.662.972.277.876.3

76.282.082.483.183.583.585.387.688.289.3

90.791.291.892.793.594.897.0

100.0104.1108.8

112.9

106.2106.5107.3107.8108.2108.8

108.8109.0110.0110.6111.0111.1

110.7111.2111.5112.3112.7112.9

113.0113.014.1

114.9115.4

43.545.853.555.959.863.069.580.485.482.0

81.188.787.786.786.385.887.388.288.289.0

90.390.891.292.092.893.696.0

100.0105.6111.9

116.2

108.5108.9110.0110.5111.5111.9

111.7111.4113.4114.4115.4115.3

113.8114.4115.0115.4116.1116.3

115.5115.6117.6118.8119.7

46.848.451.153.254.755.858.266.272.372.4

72.977.579.081.081.882.184.187.488.389.6

90.991.392,193.193.995.597.5

100.0103.3107.0

111.0

104.9105.1105.8106.3106.4107.0

107.3107.6108.0108.4108.4108.8

108.9109.4109.5110.5110.8111.0

111.6111.6112.0112.6113.0

38.138.640.342.144.245.146.749.051.954.5

56.059.362.264.866.768.270.173.376.479.0

81.983.985.587.389.291.595.3

100.0105.7113.8

123.4

109.8110.3111.4112.4113.0113.5

114.1115.0115.7116.2116.8117.7

118.8119.8121.2122.1122.8123.5

124.2124.925.8

126.5127.3

71.275.479.481.6

85.086.087.189.090.492.195.7

100.0105.9115.3

126.3

110.1110.7112.2113.5114.2114.7

115.7116.7117.7118.4119.2120.0

120.6122.0124.2125.3126.0126.5

127.2128.1129.1129.8130.7

36.336.035.736.036.1

36.136.338.238.238.238.239.040.344.950.0

53.358.362.466.469.269.470.573.878.581.2

83.385.386.687.589.692.996.8

100.0104.0111.3

122.7

108.4108.9109.7110.1110.4110.8

111.0111.4112.1113.0113.6115.6

119.1120.0120.3121.1121.6122.4

123.5123.8124.8125.9126.9

31.831.932.332.432.5

32.532.733.735.436.937.940.143.546.448.1

49.251.755.057.058.760.462.865.568.772.0

74.977.780.282.684.687.392.0

100.0107.3116.0

123.8

111.8112.8113.9114.8115.5116.1

116.8117.5118.3117.6118.0118.7

119.4120.3121.6122.5123.1124.0

124.9125.8126.5126.7127.5

71.173.976.278.0

80.883.485.687.790.192.696.2

100.0105.6110.6

116.4

108.2108.5108.9109.7110.0110.4

110.8111.4111.9112.2112.7113.2

113.6113.9114.3115.1115.8116.7

117.0117.5118.1118.8119.1

i Includes certain items not shown separately.-' Includes the services components of apparel, personal care, reading and recreation, and other goods and services.3 Not available.4 Eleven-month average.




TABLE C-48.—Wholesale price indexes, by major commodity groups, 1929-70

[1967=1001

Year or month

1929

1930193119321933193419351936193719381939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

19601961196219631964196519661967 --.19681969

1970


JulyAug . . -SeptOctNovDec



All com-modities

49.1

44.637.633.634.038.641.341.744.540.539.8

40.545 150.953.353.654.662.376.582.878.7

81.891.188.687.487.687.890.793 394.694.8

94.994.594.894.594 796.699.8

100.0102.5106.5

110.4

104.3104.7105.3105.5106.3106.7

106.8106.9107.1107.4108.1108.5

109.3109.7109.9109.9110.1110.3

110.9110.5111.0111.0110.9111.0

Farmproducts

64.1

54.239.729.531.440.048.149.552.942.040.0

41.450.364.875.075.578.590.9

109.4117.5101.6

106.7124.2117.2106.2104.798.296.999 5

103.997.5

97.296.398.096.094.698.7

105.9100.0102.5108.8

111.0

105.2105.3106.8105.9110.8111.5

110.8109.2108.7108.2111 4112.0

112.8114.0114.6111.6111.3111.6

113.4108.5112.1107.8107.0107.1

Processedfoods and

feeds

82.988.780.6

83.492.791.687.488.985.084.987.491.889.4

89.591.091.992.592.395.5

101.2100.0102.2107.3

112.0

103.8104.1104.2105.0106.9108.7

109.2108.8108.6108.9109.0109.8

112.0112.1111.8111.8111.1111.7

113.3112.9113.0111.8111.7110.7

Total

48.6

45.239.937.337.841 641.442.245.243.443.3

44 047.350.751.552.353.058.070.876.975.3

78.086.184.184.885.086.990.893 393.695.3

95.394.894.894.795.296.498.5

100.0102.5106.0

110.0

104.3104.8105.4105.5105.6105.6

105.7106.1106.5107.1107.4107.8

108.3108.7108.9109.3109.7109.8

110.0110.2110.4111.3111.3111.7

Industrial commodities

Textileproducts

andapparel

103.6108.198.9

102.7114.6103.4100.898.698.798.798 897.098.4

99.597.798.698.599.299.8

100.1100.0103.7105.9

107.2

105.3105.1105.0105.0104.*105.1

105.6106.6106.9107.0107.1107.1

107.4107.3107.4107.2107.2107.2

107.1107.4107.5107.3107.1106.7

Hides,skins,

leather,and

relatedproducts

48.9

44 938 632.836.338.840 242 746 941.642.8

45.248 452 852 752.252.961 183.384.279.9

86.399.180.181.377.677.381.982.082.994.2

90.891.792.790.090.394.3

103.4100.0103.2108.6

110.1

106.6106.6106.6108.8108.9108.5

109.2109.2110.7110.0109.5109.2

109.3109.4109.5111.0110.4109.9

109.8109.8109.9110.4110.9110.4

Fuels andrelated

products,and

power

59.4

56 248 350.347.652.452 654 555.554.652.3

51.454 656.257.859.560.164.476.990.586.2

87.190.390.192.691.391.294.099.195.395.3

96.197.296.796.393.795.597.8

100.098.9

101.0

105.9

98.899.1

100.6100.9100.9101.4

101.4101.1101.1101.7101.8102.4

101.9102.7102.6103.8105.3104.8

105.1105.8107.1108.7109.7112.8

Chemicalsand alliedproducts

47.449.651 752 054 551.851.5

52.457 063 364.164.865.270 593.795.987.6

88.9101.796.597.798.998.599.1

101.2102.0101.6

101.8100.799.197.998.399.099.4

100.099.899.9

102.2

99.299.499.699.599.799.9

99.8100.3100.5100.2100.5100.4

100.7101.1101.6102.0102.2102.1

102.5102.7102.5103.0103.3103.3


252


TABLE C-48.— Wholesale price indexes, by major eomtnodity groups, 1929—70—Continued11967 100|

Year or month

1929

1930193119321933193419351936193719381939

1940194119421943194419451946194719481949

1950195119521953.195419551956195719581959

1960196119621963196419651966196719681969

1970

1969: Jan..Feb..Mar.Apr..May.June.

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

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

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

Rubberand

plasticproducts

59.4

52.044.238 340.247.047.351.060.058.961.2

57.161.571.673.672.770.570 870.572.870.585.9

105.495.589.190.4

102.4103.8103.4103.3102.9103.199.296.396.895.595.997.8

100.0103.4105.4108.6103.2103.7104.1104.4104.3104.4105.8106.3106.0106.8107.7107.8108.0107.9107.7107.5107.5107.4109.0109.7109.4109.5109.1109.4

Lumberand

woodproducts

25.0

22.918.616.019.022.321.422.426.524.124.8

27.432.735.637.740.641.247.273.484.077.789.397.294.494.392.697.198.593.592.498.895.391.091.693.595.495.9

100.2100.0113.3125.2113.7130.7137.1141.8136.0130.9123.1118.9117.6116.9116.3117.6116.2115.4114.0113.4113.9114.8114.0113.5114.0114.2113.1111.9111.1

Industrial cc

Pulp,paper,and

alliedproducts

72.575.772.474.388.085.785.585.587.893.695.496.497.398.195.296.395.695.496.298.8

100.0101.1104.2108.2

102.3102.9103.5104.0104.1104.3104.4104.7104.8105.0105.3105.5107.0107.7108.0108.4108.2108.1108.4108.2108.3108.9108.7108.5

Metalsand

metalproducts

40.2

36.232.629 930.733.933.834 539.438.037.6

37.838.539.139.039.039.644 354.962.563.066.373.873.976.376.982.189.291.090.492.392.491.991.291.393.896.498.8

100.0102.6108.5116.7104.4105.1105.7106.3107.2107.6108.3109.9111.0111.7112.1113.0114.0115.1115.9116.6117.4117.8117.7117.5117.4117.7116.8116.2

)mmo(lities

Machin-ery andequip-ment

41.3

41.442.142.842.442.142.246.453.758.261.063.170.570.672.273.475.781.887.689.491.392.091.992.092.292.893.996.8

100.0103.2106.4

111.4104.7104.9105.4105.5105.8106.1106.4106.5107.2107.8108.2109.0

109.6109.8110.1110.4110.6111.0111.5111.611?. 1112.7113.1113.8

-Continued

Furni-ture andhouse-hold

durables

55.8

54.950.544.544.648.548.148.854.152.852.6

53.857.261.861.463.163.267 177.081.682.984.791.890.191.992.993.395.898.399.199.399.098.497.797.097.496.998.0

100.0102.8104.9107.5

104.2104.3104.5104.6104.7104.7104.9105.0105.2105.3105.7106.0

106.3106.7106.9107.1107.1107.4

107.6107.7107.8108.0108.4108.7

Nonme-tallic

mineralproducts

51.2

51 047.744.647.250.450.450 551.750.049.1

49.150.252.352.453.555.759.366.371.673.575.480.180.183.385.187.591.394.895.897.097.297.697.697.197.397.598.4

100.0103.7108.1113.3106.0106.6107.3107.7108.0108.1108.3108.3108.8109.1109.2109.8111.7112.1112.5112.9113.0113.0113.2113.6113.8114.2114.6115.1

Trans-portationequip-ment:Motor

vehiclesand

equip-ment i

41.9

39 437.536 534! 836.735 234^937.439.939.1

40.443.247.247 247.548.356.064.170.875.775.379.484.083.683.886.391.295.198.1

100.398.898.698.697.898.398.598.6

100.0102.8104.7108.5

104.2104.1104.0104.1104.2104.3104.3103.7103.8106.4106.7106.7

106.8106.8107.0106.9107.0107.1107.0107.1107.311?.5112.8113.4

Miscel-laneous

products

73.576.578.0

79.283.983.485.686.486.587.690.292.092.2

93.093.393.794.595.295.997.7

100.0102.2104.9

109.9

102.9102.9102.9103.1103.2105.3105.7106.0106.5106.8107.0107.0

107.4107.5107.8107.8108.1110.7

111.1111.2111.5111. 6111.8111.9

1 Index for total transportation equipment is not shown but is available beginning December 1968.Source: Department of Labor, Bureau of Labor Statistics.

411-364 O—71- -17253


TABLE G-49.—Wholesale price indexes, by stage of processing, 1947-70

[1967=100]

Year or month

1947.1948.1949

1950.195119521953.1954.

19551956.1957.19581959.

196019611962.19631964

19651966.1967.19681969

1970

1969*

1970

Jan..FebMarApr .MayJune

JulyAugSeptOctNov. . .Dec

JanFebMarAprMayJune


Allcom-modi-ties

76.582.878.7

81.891 188.687.487.6

87.890.793.394 694.8

94 994 594.894 594 7

96 699.8

100.0102 5106.5

110 4

104.3104 7105 3105.5106.3106.7

106.8106.9107.1107.4108.1108.5

109.3109.7109.9109.9110.1110.3

110.9110.5111.0111.0110.9111.0

Crude materials

Total

101.2110.996.0

104.6120.1110.3101.9101.0

97.197.699.8

102.099.4

97.096.597.595.494.5

99.3105.7100.0101.6108.3

112.2

103.2104.2105.6106.1110.1111.6

110.6109.9109.1109.1109.4110.3

111.1113.5114.7113.9113.3113.5

114.3111.3113.0111.3108.7108.6

Food-stuffsand

feed-stuffs

111.7120.8100.3

107.6124.5117.2104.9104.9

95.193.197.2

103.096.2

95.193.895.792.990.8

97.1105.9100.0101.3109.1

112.1

103.3104.6106.3106.3112.2114.2

112.5110.8109.1109.2109.7110.9

111.6114.1115.9113.9113.0113.4

115.2111.1113.0110.1106.9106.3

Non-foodmate-rials,

exceptfuel

90.6100.791.6

104.7120.7104.6100.198.2

103.8107.6106.2102.2105.8

101.4102.5102.0100.7102.4

104.5106.7100.0102.1106.8

109.8

102.5102.9104.2105.9106.6106.9

107.4109.0109.7108.9108.9109.1

110.3111.9111.6112.0111.9110.9

109.3108.5108.8108.5106.7107.7

Fuel

66.678.778.3

77.979.479.982.779.0

78.884.489.290.391.9

92.892.692.193.292.8

93.596.3

100.0102.3106.4

122.3

104.7104.4104.8105.2105.3105.7

106.0106.1106.9108.5109.6110.0

110.6112.9113.3119.0119.3121.6

123.0123.9126.4132.3132.0132.9

Intermediate materials, supplies, and components1

Total

72.478.375.2

78.688.185.586.086.5

88.192.094.194.395.6

95.695.094.995.295.5

96.899.2

100.0102.3105.9

109.8

104.3104.8105.5105.5105.5105.5

105.5106.0106.4106.8107.1107.5

108.3108.6108.7109.2109.6109.8

110.2110.4110.6110.9110.9111.0

Materials and components formanufacturing

Total For foodmanu-factur-

ing

72.177.874.5

78.188.584.886.286.3

88.492.694.895.296.5

96.595.394.794.995.9

97.499.3

100.0102.2105.8

110.0

103.6104.2104.7104.9105.3105.4

105.6106.4106.8107.2107.5107.8

108.5108.8109.3109.8110.1110.2

110.5110.6110.5110.8110.6110.3

Materials

94.096.983.3

86.796.692.993.092.2

89.389.791.393.490.0

91.194.092.096.695.2

97.6101.9100.0101.5107.0

112.9

103.2103.6103.8104.5106.5107.9

107.9108.4108.3109.2109.9

Fornon-

durablemanu-factur-

ing

95.2100.891.9

96.5111.8100.699.898.2

98.6100.1101.4100.4102.1

102.199.999.398.499.1

100.0100.8100.0101.3102.5

104.0

101.8101.9102.0102.1102.2102.4

102.5103.0103.0102.8103.0

Fordurablemanu-factur-

ing

109.8

110.9111.3112.5113.0112.2112.6

113.8113.7113.6114.0114.5112.5

102.9

103.6103.6103.7104.1104.2103.7

104.0104.2103.9104.1103.9104.0

54.461.463.1

66.774.174.377.679.3

83.388.591.492.094.2

94.393.092.993.094.8

96.898.6

100.0103.3109.3

115.1

106.2107.3108.2108.5108.7108.3

108.6109.8110.6111.0111.4112.3

113.0113.5114.2115.2116.0116.2

116.1115.9115.4115.6115.0114.3

Com-ponents

58.363.064.2

66.675.675.777.177.5

80.988.391.892.593.6

93.192.291.591.592.3

93.897.1

100.0102.3105.6

111.1

103.2103.6104.1104.3104.7105.0

105.5105.8106.6107.5108.1108.3

109.0109.3109.5109.9110.2110.8

111.4111.9112.6113.0113.0113.3

Mate-rialsand

com-ponentsfor con-struc-tion

66.073.173.2

77.084.383.785.185.5

88.993.594.094.096.6

95.994.694.294.595.4

96.298.8

100.0104.9110.9

112.6

110.3112.2113.6112.3111.6110.1

109.5109.6109.9110.2110.7110.8

111.3111.3111.7112.1112.5112.8

113.0113.5113.6113.6113.1113.1


254


TABLE C-49.—Wholesale price indexes, by stage of processing, 1947-70—Continued

(1967=100]

Year or month

194719481949

19501951195219531954

19551956195719581959

1960196119621963 . . .-1964

19651966196719681969

1970

1969:JanFebMarAprMay. . .June.. . .

JulyAug.SeptOctNovD e c .

1970:JanFebMarAprMayJune.

July . . .AugSeptOctNovDec

Total

74.079.977.6

79.086.586.085.185.3

85.587.991.193.293.0

93.793.794.093.794.1

95.798.8

100.0102.9106.6

110.4

104.6104.7105.1105.2106.0106.7

107.1106.9107.2107.7108.7109.1

109.8109.8110.0109.6109.7110.0

110.6110.1110.8110.9111.4111.5

Finishec1 goods

Consumer finished goods

Total

80.586.582.5

83.991.890.789.289.1

88.589.892.494.493.6

94.594.394.694.194.3

96.199.4

100.0102.7106.5

109.9

104.5104.4104.9105.0106.1106.7

107.3106.9107.2107.6108.6108.9

109.6109.6109.7109.2109.3109.6

110.3109.5110.4110.1110.5110.5

Foods

82.890.483.1

84.795.294.389.488.7

86.586.389.394.590.1

92.191.792.591.491.9

95.4101.6100.0103.7109.9

113.4

106.7106.3106.9106.8109.7110.8

111.7110.7111.1110.7113.2113.7

115.4115.0115.1113.3112.9113.4

115.0112.6114.2111.3112.0111.0

Othernon-

durablegoods

80.785.882.3

83.690.087.888.688.9

89.491.193.292.694.0

94.794.794.895.194.8

95.997.8

100.0102.2104.8

108.2

103.0103.3103.7104.0103.9104.7

105.0105.4105.7106.0106.2106.4

106.5106.9107.0107.2107.8108.1

108.2108.6109.0109.2109.5110.4

Du-rablegoods

74.679.781.8

82.788.288.989.690.3

91.294.397.198.499.6

99.298.898.397.898.2

97.998.5

100.0102.2104.0

107.1

103.3103.3103.5103.6103.6103.7

103.8103.4103.5105.1105.3105.4

105.6105.8106.0106.0106.2106.3

106.5106.5106.6109.7109.9109.9

Pro-ducer

finishedgoods

55.460.463.4

64.971.272.473.674.5

76.782.487.589.891.5

91.791.892.292.493.3

94.496.8

100.0103.5106.9

111.9

105.4105.6105.7105.8106.2106.4

106.9106.9107.4108.2108.9109.6

110.1110.3110.7110.8111.1111.3

111.6111.9112.3113.8114.2115.1

Special groups of industrialproducts

Crudemate-rials 2

79.292.584.0

93.6102.993.192.488.0

96.6102.3100.996.9

102.3

98.397.295.694.397.1

100.9104.5100.0102.0110.5

118.8

105.0105.5107.2109.0109.7110.2

110.7112.5113.9113.7114.1114.5

116.0118.5118.5120.3120.0119.5

118.0117.2118.7120.6118.2119.8

Inter-mediate

materials,supplies,and com-ponents >

70 076.174.2

77.787.084.385.385.7

88.392.695.094.896.4

96.895 595.395.095.6

96.998.9

100.0102.6106.2

110.0

104.7105.3106.0105.9106.0105.7

105.8106.2106.7107.1107.4107.7

108.3108.7109.0109.4109.9110.1

110.3110.5110.7111.0111.0111.0

Con-sumer

finishedgoods ex-

cludingfoods

79.084.082.2

83.589.588.389.189.4

90.192.394.694.795.9

96.396.296.096.095.9

96.698.1

100.0102.1104.5

107.7

103.0103.3103.6103.8103.8104.3

104.6104.7104.8105.6105.8106.0

106.2106.4106.6106.7107.1107.3

107.5107.7108.0109.4109.6110.2

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

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


255


TABLE C—50.—Percentage changes from previous month in indexes for major groupings of theconsumer price index, 1968-70

(Percent]

Year and month

1968: Jan .FebMarApr.. . . .MayJune

JulyAugSept . .OctNovDec

1969: JanFeb .MarApr..May.... _.June

July.. . .Aug .SeptOct . .NovDec

1970: JanFeb.MarAprMayJune.

JulyAugSeptOctNov . ....

All items

Un-adjusted

0.3.3.4.3.3.5

.5

.3

.2

.6

.4

.2

.3

.4

.8

.6

.3

.6

.5

.4

.5

.4

.5

.6

.4

.5

.5

.6

.4

.4

.4

.2

.4

.6

.3

Season-ally

adjusted

0.5.4.3.3.4.4

.4

.4

.3

.5

.4

.3

.5

.4

.7

.5

.4

.5

.4

.4

.6

.3

.5

.6

.6

.5

.4

.5

.5

.3

.3

.5

.5

.3

Food

Un-adjusted

0.73

.4

.3

.43

.8

.4- . 1

.4- . 3

.6

.71

.4

.7

.41.5

1.0.6. 1

- . 2.7

1.4

.6

.6

.1

.3

.3

.2

.5

.1- . 1- . 2- . 5

Season-ally

adjusted

0.5.4.6.3.5

- . 3

.3

.3

.4

.8

.1

.5

.4

.0

.6

.7

.5

.8

.5

.5

.6

.11.11.3

.4

.8

.2

.3

.4- . 4

.1- . 1

.4

.11

Commodities less food

Un-adjusted

0.13

.4

.3

.3

.4

.2

.3

.4

.7

.5- . 1

- . 2.6

1.0.3.3.4

.1

.1

.4

.9

.3

.1

- . 2.2.3.7.6.4

.1

.1

.71.0.6

Season-ally

adjusted

0.5.3.3.2.3.4

.3

.4

.3

.4

.3

.2

.3

.9

.3

.3

.4

.2

.2

.3

.5

.2

.4

.3

.1

.2

.6

.6

.4

.2

.2

.6

.6

.4

Services *

Un-adjusted

0.54

.6

.3

.4

.7

.7

.4

.4

.4

.6

.5

.7

.5

.9

.8

.5

.4

.5

.7

.7

.3

.7

.9

.71.1.7.5.6

.5

.6

.6

.5

.6

i Percentage changes for services are based on unadjusted indexes since these prices have little seasonal movement.

Note.—The percentage changes are calculated from indexes on a 1957-59 base; therefore, the unadjusted changes maydiffer slightly from those calculated from indexes on a 1967 base as shown in Table C-46. The seasonally adjusted changesfor the all items index are based on seasonal adjustment factors and seasonally adjusted indexes carried to two decimalplaces.

Source Department of Labor, Bureau of Labor Statistics.

256


TABLE C-51.—Percentage changes from previous month in indexes for major groupings of thewholesale price index, 1968-70

[Percent]

Year and month

1968: JanFebMar . .AprMay,June

JulyAugSeptOctNovDec.

1969: JanFebMarApr... .MayJune

July.Aug...SeptOctNovDec.-..

1970: JanFebMar.AprMayJune


All commodities

Unad-justed

0.4

.2

.0

.3

.1

.4- . 4

.0

.4

.3

.7

.4

.5

.2

.8

.4

.1

.1

.2

.4

.6

.8

.3

.2

.0

.2

.2

.6- . 4

.5

.0—.1

.1

Season-ally

adjusted

0.16

.2

.1

.0

.3

.0

.5

.2

.4

.2

.5

.2

.6

.4

.6

.3

.1

.6

.3

.5CM

CO

CM

O

.1

.6- . 1

.5

.2—.1

.0

Farm productsand processedfoods andfeeds

Unad-justed

0.51.4.1

- . 11.1.1

1.2

'.S- 1 . 0

.9

.1

1.2.2.6.2

2.91.2

.0- . 8- . 3

.01.2.6

1.5.4.1

- 1 . 0

.4

1.5- 1 . 9

1.3- 2 . 1- . 3- . 5

Season-ally

adjusted

0.11.2

! l- . 9

1.1- . 2

.7- . 21.0

- . 4

.8

.0

.9

.81.6.4

- . 2.7

- . 3.8

1.2.4

1.0.3.3

- . 4- 1 . 7- . 4

1.3- . 41.3

- 1 . 4- . 3- . 7

Farm products

Unad-justed

0.12 2.8.0

1.6- 1 . 2

1.4- 2 . 4

1.4- 1 . 6

2.0.2

1.5.1

1.4- . 84.6.6

- . 6- 1 . 4- . 5- . 53.0.5

.71.1.5

- 2 . 6- . 3

.3

1.6- 4 . 3

3.3- 3 . 8

.1

Season-ally

adjusted

- 0 . 51.8.8.4.0

- 1 . 4

1.3- . 61.9

- . 41.4

- . 4

1.0- . 41.4

- . 12.5.6

- . 8.6.1.6

2.1.3

.1

.6

- L 8-2.3

.2

1.5-2.3

3.9-2 .8-1.6- . 2

Processed foodsand feeds

Unad-justed

0.8.8

- . 3

i!o

• 1.0- . 9

.3- . 8

.3

.1

1.0.3.1.8

1.81.7

.5- . 4- . 2

.2

.2

.7

2.0.1

- . 2.0

- . 6.6

1.4- . 4

- L 0- . 1

- 1 . 0

Season-ally

adjusted

0.41.0.4.2.4

- . 4

.7- . 1

.2- . 1

.7- . 1

.5

.3

.71.21.2.3

.2

.3- . 31.0.6.5

1.5.2.4.4

- 1 . 3- . 7

1.1.4

- . 2- . 2

- 1 . 2

Industrialcommodities

Una^justed

0.4

.2

.2- . 1

.1

.1

.1

.3

.5

.1

.4

.5

.5

.5

.1

.1

.0

.2

.4

.4

.5

.4

.4

.4

.3

.3

.3

.3

.1

.2CM CO

OC

.0

.3

Season-ally

adjusted

0.3.4.2

!o.2

.2

.1

.3

.4

.0

.4

.4

.3

'.2.2.1

.3

.4

.4

.4CO

CO

C

*5

.2

.2

.5

.4

.2

.3

.2

.3

.6

.0

.3

Note.—The percentage changes are calculated from indexes on a 1957-59 base; therefore, the unadjusted changesmay differ slightly from those calculated from indexes on a 1967 base as shown in Table C-48.


257


MONEY STOCK, CREDIT, AND FINANCETABLE C-52.— Money stock, 1947-70

[Averages of daily figures, billions of dollars]

Year and month

Totalmoneystockandtime

depos-itsad-

justed

Money stock

Total

Cur-rencycom-po-

nent^

De-mand

depositcom-

ponent2

Timede-

positsad-

just-ed 3

Totalmoneystockandtime

depos-itsad-

justed

Money stock

Total

Cur-rencycom-po-

nent1

De-mand

depositcom-

ponent2

Timede-

positsad-

just-ed 3

U.S.Gov-ern-mentde-

mandde-pos-its*

1947: Dec.1948: Dec.1949: Dec.

1950: Dec.1951: Dec.1952: Dec.1953: Dec.1954: Dec.



1965: Dec1966: Dec.1967: Dec.1968: Dec.1969: Dec.

July...Aug...Sept..Octp..Nov p.Dec p..

Seasonally adjusted Unadjusted

1970: Dec*

1969: Jan. . .Feb...Mar...Apr...May..June..

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

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

148.5147.6147.6

152.9160.8168.6173.3180.6

185.2188.8193.3206.6210.0

214.6228.7245.9265.8287.1

314.8330.0366.6402.2398.2

445.0

401.8402.5402.6403.1403.3403.6

401.2398.0397.6397.4397.5398.2

398.5398.0401.9406.8409.5411.8

418.8425.0431.3435.2438.5445.0

113.1111.5111.2

116.2122.7127.4128.8132.3

135.2136.9135.9141.1142.6

141.7146.0148.1153.6160.5

168.0171.7183.1197.4203.6

214.6

198.1199.3200.1201.0201.6202.4

203.1202.6202.8203.2203.5203.6

205.2204.5206.6208.3209.2209.6

210.6211.8212.8213.0213.5214.6

26.425.825.1

25.026.127.327.727.4

27.828.228.328.628.9

28.929.630.632.534.2

36.338.340.443.446.0

48.9

43.643.844.144.244.544.8

45.045.245.345.645.946.0

46.246.446.747.147.747.8

48.148.248.248.548.748.9

86.785.886.0

91.296.5

100.1101.1104.9

107.4108.7107.6112.6113.7

112.8116.5117.6121.1126.3

131.7133.4142.7154.0157.7

165.6

154.5155.5156.0156.8157.1157.6

158.1157.4157.6157.6157.6157.7

159.0158.1159.8161.2161.6161.9

162.5163.7164.6164.5164.8165.6

35.436.036.4

36.738.241.144.548.3

50.051.957.465.467.4

72.982.797.8

112.2126.6

146.8158.3183.5204.8194.6

230.4

203.7203,2202.5202.1201.7201.2

198.1195.4194.8194.2194.0194.6

193.3193.5195.3198.5200.3202.2

208.2213.2218.5222.2225.0230.4

151.1150.0150.0

155.6163.8171.7176.4183.6

188.2191.7196.0209.3212.9

217.6231.9249.0268.9290.5

318.3333.8370.7406.6403.0

449.8

407.1400.4401.5405.0400.2401.8

399.6395.6396.3397.6398.7403.0

404.1395.8400.6408.6406.4410.1

417.1422.7429.8435.5439.9449.8

115.9114.3113.9

119.2125.8130.8132.1135.6

138.6140.3139.3144.7146.3

145.5150.1152.3157.9165.3

173.1176.9188.6203.4209.8

221.1

204.2197.8198.3202.0197.7200.5

201.5199.6201.4203.2205.3209.8

211.4202.8204.7209.3205.3207.8

209.0208.7211.4213.0215.3221.1

26.826.225.5

25.426.627.828.227.9

28.428.828.929.229.5

29.630.231.233.135.0

37.139.141.244.346.9

50.0

43.543.443.743.844.244.7

45.245.445.345.646.446.9

46.145.946.346.647.347.7

48.348.348.248.549.250.0

89.188.188.4

93.899.2

103.0103.9107.7

110.2111.5110.4115.5116.8

115.9120.0121.1124.8130.3

136.0137.8147.4159.1162.9

171.1

160.7154.4154.6158.2153.5155.8

156.4154.3156.1157.6158.9162.9

165.4156.8158.4162.6158.0160.1

160.7160.4163.1164.5166.1171.1

35.135.736.1

36.438.040.944.248.0

49.651.456.764.666.6

72.181.896.7

111.0125.2

145.2156.9182.1203.2193.2

228.7

202.9202.6203.2203.0202.5201.3

198.1196.0194.9194.4193.4193.2

192.7193.0195.9199.3201.1202.3

208.1214.0218.4222.5224.6228.7

1.01.82.8

2.42.74.93.85.0

3.43.43.53.94.9

4.74.95.65.15.5

4.63.45.05.05.6

7.1

4.96.94.85.49.26.0

5.64.35.34.25.25.6

4.87.16.95.36.46.5

6.87.16.86.15.67.1

1 Currency outside the Treasury, the Federal Reserve System, and the vaults of all commercial banks.2 Demand deposits at all commercial banks, other than those due to domestic commercial banks and the U.S. Govern-

ment, less cash items in process of collection and Federal Reserve float, plus foreign demand balances at Federal ReserveBanks.

s Time deposits adjusted are time deposits at all commercial banks other than those due to domestic commercial banksand the U.S. Government.

* Deposits at all commercial banks.Note.—Effective June 1E66, balances accumulated for payment of personal loans were reclassified for reserve purposes

and are excluded from time deposits reported by member banks. The estimated amount of such deposits at all com-mercial banks ($1.1 billion) is excluded from time deposits adjusted thereafter.


258


TABLE C-53.—Bank loans and investments, 1930-70


End of year or month l

1930: June1931: June1932: June .1933: June1934: June1935..1936 . . . . . .19371938193919401941.1942194319441945 .194619471948

19481949195019511952 '195319541955 .19561957 . . .19581959196019611962 . .1963196419651966196719681969 6 .1970 p1969:Jan

FebMar . . .AprMayJuneJune6 . . . .JulyAugSeptOctNovDec

1970- JanFebMarAprMay .J u n e - - - . _ . .JulyAug . - - . . . . . .Sep tOct pNov pDec p

All commercial banks

Total loansand invest-

ments 2

48.944.936.130.432.736.139.638.438.740.743.950.767.485.1

105.5124.0114.0116.3114.2

Loans 2

34.529.221.816.315.715.216.417.216.417.218.821.719.219.121.626.131.138.142.4

Investments

U.S. Govern-ment securities

5.06 06.27.5

10 313.815.314.215.116 317.821.841.459.877.690.674.869.262.6

Othersecurities

9.49.78.16.56.77.17.97.07.27.17.47.26.86.16.37.38.19.09.2

Seasonally adjusted

113.0118.7124.7130.2139.1143.1153.1157.6161.6166.4181.2185.9194.5209.6227.9246.2267.2294.4

5 310.5346.5384.6401.3432.5385.9387.9386.6390.7392.2392.5397.3397.7397.5396.5397.6401.2401.3398.5399.7400.9403.5405.9406.4412.8418.3423.7424.0427.3432.5

41.542.051.156.562.866.269.180.688.191.595.6

107.8113.8120.4134.0149.6167.7192.6

s 208.2225.4251.6278.1288.9253.7258.4257.3261.0264.1264.3269.2269.9270.3271.3273.8276.4278.1276.6278.5277.6277.0278.0211A281.5284.1287.3286.9287.7288.9

62.366.461.160.462.262.267.660.357.256.965.157.759.865.364.661.760.757.153.659.761.551.958.060.858.157.457.756.156.256.356.856.954.753.553.451.950.449.850.352.453.454.155.857.557.656.356.558.0

9.210.3

12.413.414.214.716.416.816.317.920.520.520.823.929.235.038.744.8

5 48.761.471.571.385.671.471.571.972.172.072.071.871.070.370.570.371.471.371.571.473.074.074.575.075.576.778.880.883.285.6

Weekly re-porting largecommercial

banks 3

Business loans*

5.14.24.75.37.16.36.46.57.3

11.314.715.6

15.613.917.921.623.423.422.426.730.831.831.730.732.232.935.238.842.1

3 53.160.765.873.181.581.572.973.775.076.776.678.478.477.676.778.177.678.081.578.078.078.578.577.879.679.379.281.280.079.981.5

1 Data are for last Wednesday of month (except June 30 and December 31 call dates used for all commercial banks).* Adjusted to exclude interbank loans beginning 1948.3 Weekly reporting large commercial banks beginning 1965 and weekly reporting member banks prior to 1965.* Commercial and industrial loans and prior to 1956, agricultural loans. Beginning July 1959, loans to financial institu-

tions excluded. Prior to 1943, published data adjusted to include open-market paper.5 Effective June 1966, balances accumulated for payment of personal loans (about $1.1 billion) are excluded from loans

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

e New series beginning June 1969; for details see "Federal Reserve Bulletin," August 1969.Source: Board of Governors of the Federal Reserve System.

259


TABLE C-54.—Total funds raised in credit markets by nonfinancial sectors, 1962—70


Nonfinancial sector

Total funds raised

U.S. Government-.

Public debt securities

Budget agency issues

All other sectors

Capital market instruments

Corporate equity sharesDebt capital instruments

State and local govern-ments

Corporate and foreignbonds

Mortgages

HomeOther residential..Commercial -Farm

Other private credit

Bank loans n.e.cConsumer creditOpen-market paperOther

Total funds supplied directly

U.S. GovernmentU.S. Government credit agencies, net.

Funds advancedLess funds raised

Federal Reserve SystemCommercial banks, netPrivate nonbank finance

Savings institutions, netInsuranceFinance n.e.c, net

Funds advanced . .

Less funds raised

Foreign

Private domestic nonfinancial

BusinessState and local government,

general fundsHouseholdsLess net security credit

See footnote at end of table.

1962

54.1

7.0

6.2.8

47.1

33.1

.632.6

5.3

5.521.7

12.82.84.81.3

14.0

5.25.8

.12.8

54.1

2.0.1

1.61.5

2.019.526.6

12.914.4

4.65.3

1.5

2.4

1.8

1.2- . 8- . 2

1963

57.7

4.0

4.1- . 1

53.7

35.7

- . 235.9

5.9

4.925.1

15.13.25.11.6

18.0

6.07.9.0

4.1

57.7

1.5.1

1.61.4

2.919.129.9

15.514.3

5.85.8

.9

3.4

2.9

1.11.32.0

1964

66.9

6.4

5.41.0

60.5

37.9

1.636.3

5.7

4.526.1

15.64.53.82.1

22.6

8.38.5.7

5.1

66.9

2.8.4

.7

.4

3.421.831.0

16.015.6- . 5

5.56.1

.6

7.0

2.0

.94.0

- . 2

1965

70.4

1.7

1.3.4

68.7

39.1

.338.8

7.3

5.925.6

15.43.64.42.2

29.5

14.210.0- . 35.7

70.4

2.8.0

2.22.3

3.828.330.1

13.717.9

- 1 . 4

6.98.3

- . 3

5.6

1.0

2.52.5

.3

1966

68.5

3.5

2.31.2

64.9

39.9

.939.0

5.7

11.022.3

11.43.15.72.1

25.0

10.37.21.06.4

68.5

4.9.3

5.14.8

3.516.725.9

7.819.3

- 1 . 3

5.87.1

- 1 . 8

19.1

3.6

3.411.9- . 2

1967

82.6

13.0

8.94.1

69.6

48.0

2.445.7

7.7

15.922.0

11.63.64.72.1

21.6

9.64.62.15.2

82.6

4.6.5

- . 1- . 6

4.836.836.1

16.920.4

—1.3

4.35.6

2.8

—2.9

—.6

1.2—1.3

2.2

1968

97.4

13.4

10.33.0

84.1

50.5

- . 751.2

9.9

14.027.3

15.23.56.62.1

33.6

13.411.11.67.5

97.4

5.2- . 2

3.23.5

3.739.033.5

14.521.5

- 2 . 4

9.812.3

2.5

13.7

9.0

.75.41.4

1969

88.2

- 3 . 6

- 1 . 3- 2 . 4

91.9

53.6

4.549.1

8.5

13.327.4

15.74.45.22.0

38.3

14.29.33.3

11.3

88.2

2.6.1

8.9

4.29.4

30.9

10.322.3

—1.7

10.011.7

2.0

39.0

11.4

7.218.8

—1.6

260


TABLE C-54.—Total funds raised in credit markets by nonfinancial sectors, 1962-70—Continued


Nonfinancial sector

Total funds raised

U.S. Government

Public debt securities

Budget agency issues

All other sectors

Capital market instruments

Corporate equity sharesDebt capital instruments

State and local governmentsCorporate and foreign bondsMortgages

HomeOther residentialCommercialFarm

Other private credit

Bank loans n.e.cConsumer creditOpen-market paperOther

Total funds supplied directly

U.S. GovernmentU.S. Government credit agencies, net

Funds advancedLess funds raised

Federal Reserve SystemCommercial banks, netPrivate nonbank finance

Savings institutions, netInsuranceFinance n.e.c, net

Funds advanced

Less funds raised

Foreign

Private domestic nonfinancial

Business..State and local government, general fundsHouseholdsLess net security credit


1970 unadjusted quarter-ly totals

1

12.8

2.0

2.5- . 5

10.8

11.4

1.69.9

1.93.54.5

2.11.41.0.0

- . 6

- 1 . 7- 2 . 8

1.62.2

12.8

.9j

3.53.6

- 1 . 3- 8 . 1

7.2

1.86.0

- . 6

- 1 . 5g

2.0

12.3

.81.38.9

- 1 . 4

II

21.4

- 6 . 4

- 5 . 9

27.8

17.0

1.515.5

3.45.76.3

3.11.41.3.5

10.8

5.22.8

.32.4

21.4

.6

.5

2.01.6

2.07.78.4

3.54.6

.3

.4

.2

2.0

.3

- . 3.5

- . 7- . 8

III

26.5

9.7

9.9- . 2

16.7

16.4

1.415.0

2.75.17.1

4.11.41.3.4

.3

- 2 . 61.4.5

1.0

26.5

.6- . 6

1.62.2

2.212.111.6

5.46.5

- . 3

2.62.9

3.3

- 2 . 8

- 7 . 8- 2 . 7

7.6- . 1

1970 seasonally adjustedannual rates

1

80.0

3.3

5.6- 2 . 3

76.7

52.7

6.346.4

9.214.722.5

11.46.05.0.1

24.0

7.84.85.06.4

80.0

2.7- . 6

14.214.7

1.33.8

25.9

5.322.7

- 2 . 1

- . 81.2

8.1

38.8

10.71.4

21.5- 5 . 2

II

101.3

17.2

17.8- . 6

84.1

63.1

6.256.9

11.022.323.6

11.85.54.81.5

21.0

4.56.22.28.1

101.3

2.81.9

6.64.7

5.923.936.7

15.621.0

.2

- 1 . 7- 1 . 9

9.4

20.7

.92.0

15.2- 2 . 7

III

103.0

18.8

18.4.4

84.2

64.1

5.658.6

11.719.727.2

15.25.54.91.6

20.1

4.56.4

.58.8

103.0

2.7- . 6

8.69.1

7.560.544.5

20.625.2

- 1 . 3

17.318.6

7.8

- 1 9 . 5

-23 .2- 7 . 811.3- . 2

261


TABLE C-55.—Selected liquid assets held by the public, 1946-70 l

[Billions of dollars, seasonally adjusted]

End of year or month

1946194719481949

195019511952.19531954

19551956195719581959

19601961 .196219631964.. . .

19651966 a196719681969

1970 v

1969:JanFebMarAprMayJune - - - - - .

July .AugSept . .OctNov .Dec

1970: JanFeb. - - .MarAprMayJune

JulyAugSeptOctp _Nov vDec p

Total

239.1246.2254 1262.1

271.4281 0296.0311.5320.3

332.5343.2356 0373.1393.9

399.2424.6459.0495 4530.5

573 1601.5650.4709.6731 6

787.9

703.7705.7713.2711.3714.3713.8

709.5713 2718.1714 9722.1731 6

720.5721.8733.4731.2734.0738.5

749.7750 8765 4764.5773 5787.9

Demanddeposits

andcurrency2

108.5112.4110 5110.4

115.5120 9125.5127.3130.2

133.3134.6133 5138.8139.7

138.4142.6144.8149 6156.7

164 1168.6180.7

e 199.2206 8

, 208.1

188.8189.9192.4190 8191.5194.2

2 191.9193 3194.1194 0195.8206 8

195.4194.8199.3196.7197.9199.8

198.7199 3203.6199.6201 1208.1

Time d_

Com-mercialbanks 3

33.935.335 936.3

36.638 241.244.648.2

49.752.057 565.467.4

73.182.598.1

112 9127.1

147 1159.3183.1203.8197 1

233.7

203.4202.9201.9201 8202.7200.4

197.5195 6195.5195 7197.9197 1

196.0196.7198.8201.5201.7202.9

211.8215 4221.5224.5230 3233.7

eposits

Mutualsavingsbanks

16.917.818 419.3

20.120 922.624.426.3

28.130.031 633.934.9

36.238.341.444 549.0

52 655.260.364.767.3

71.2

64.865.265.565.766.166.3

66.366.466.666.767.067.3

67.067.467.568.068.468.7

69.269 469.970.470 971.2

Postalsavingssystem

3.33.43 33.2

2.92.72.52.42.1

1.91.61.31.1.9

.8

.6

.5

.5

.4

.3

.1

Savingsandloan

shares

8.59.7

11 012.5

14.016 119.222.827.2

32.037.041.747.754.3

61.870.579.890.9

101.4

109.8113.4123.9131.0134.8

145.7

131.0132.0133.4133.3133.5133.6

133.6134.1135.3134.9135.3134.8

133.5134.1135.7136.4136.8137.4

139.0140.0142.3143.4144.6145.7

U.S.Govern-

mentsavingsbonds4

48.650.953.455.0

55.855.455.755.655.6

55.954.851.650.547.9

47.047.447.649.049.9

50.550.951.952.552.4

52.7

52.552.352.252.252.252.2

52.252.152.052.052.052.4

52.252.152.052.052.052.0

52.452.052.152.152.252.7

U.S.Govern-

mentsecuritiesmaturing

within1 year4

19.416.621.625.5

26.426.829.334.430.6

31.633.238.835.648.8

41.942.646.848.146.1

48.653.950.558.5

W3.2

76.4

7 63.463.467.767.568.367.3

68.171.674.671.774.273.2

76.376,680.176.877.277.7

78.574.676.074.574.376.4

1 Excludes holdings of the U.S. Government, Government agencies and trust funds, domestic commercial banks, andFederal Reserve Banks. Adjusted wherever possible to avoid double counting.

2 Agrees in concept with the money stock, Table C-52, except for deduction of demand deposits held by mutual savingsbanks and savings and loan associations. Data are for last Wednesday of month. Data prior to July 1969 have not been re-vised to conform to the money stock revision.

3 Time deposits at all commercial banks other than those due to domestic commercial banks and the U.S. Government(same concept as in Table C-52). Data are for last Wednesday of month, except that June 30 and December 31 calldata are used where available.

4 Excludes holdings ot Government agencies and trust funds, domestic commercial and mutual savings banks, FederalReserve Banks, and beginning February 1960, savings and loan associations.

5 Effective June 1966, balances accumulated for the payment of personal loans (about $1.1 billion) are excluded fromtime deposits at all commercial banks and from total liquid assets.

0 Estimates for Tuesday, December 31, rather than last Wednesday of December.7 Beginning 1969, data have been adjusted to conform to the new budget concept.


262


TABLE G-56.—Federal Reserve Bank credit and member bank reserves, 1929-70

[Averages of daily figures, millions of dollars]

Year and month

1929: Dec . . .

1930: Dec1931: Dec . . .1932: Dec.1933: Dec1934: Dec1935: Dec1936: Dec1937: Dec1938: Dec1939: Dec

1940: Dec1941: Dec1942: Dec .1943: Dec1944: Dec1945: Dec . .1946- Dec1947: Dec1948: Dec .1949: Dec

1950: Dec . . .1951: Dec1952: Dec1953: Dec _1954: Dec1955: Dec1956: Dec1957: Dec . .1958: Dec1959: Dec

1960: Dec1961: Dec1962: Dec1963: Dec1964: Dec1965: Dec1966: Dec . . .1967: Dec1968: Dec1969: Dec

1970- Dec v


JulyAugSept . . .OctNov _ .Dec

1970: JanFebMarAprMayJune _

JulyAug _-SeptOctNov vDeep

Reserve Bank credit outstanding

Total

1,643

1,2731,9502,1922,6692,4722,4942,4982,6282,6182,612

2,3052,4046,035

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

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

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

66,676

56, 47655, 78655, 47758,82159,99960, 565

60, 88760, 87660, 45961,51662,78864,100

62, 86761,46861,38862, 42463, 08762, 843

63,91264,13464, 61964, 70865,13266,676

U.S.Govern-ment se-curities

446

644111

1,8542,4322,4302,4302,4342,5652,5642,510

2,1882,2195,549

11,16618,69323,70823,76721,90523,00218,287

20,34523,40924,40025,63924,91724,60224,76523,98226,31227,036

27,24829,09830,54633,72937,12640, 88543,76048,89152,52957, 500

61,688

52,66552,26552,12252,46353, 39054, 028

54, 29854, 59953,84054, 70856,49957, 500

56,27355, 94955, 78055, 98257,26557,630

58, 21959, 54459,90359, 53360,39361,688

Memberbank

borrow-ings

801

337763281951067

1673

354

90265334157224134118142657

1,59344124683968871055790687

149304327243454557238765

1,086321

697824918996

1,4021,407

1,1901,2491,0671,1351,2411,086

9651,092

896822976888

1,358849607462425321

Allother,mainlyfloat

396

292410

57142325857474799

114180482658654702822729842607

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

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

4,667

3,1142,6972,4375,3625,2075,130

5,3995,0285,5525,6735,0485,514

5,6294,4274,7125,6204,8464,325

4,3353,7634,1094,7134,3144,667

Member bank reserves

Total

2,395

2,4152,0692,4352,5884,0375,7166,6656,8798,745

11,473

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

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

2 18,932

19,28320,11820,04020,74621,60922,71923,83025,26027,22128,03129,233

28, 06327,29126,75427, 07927, 90327,317

26, 98027, 07926,97127,34027,76428,031

28, 85827, 97627, 47328,09627,91027, 567

28,12828,34928, 82528,70128, 55829,233

Re-quired

2,347

2,3422,0101,909

i 1,8222,2902,7334,6195,8085,5206,462

7,4039,422

10,77611,70112,88414,53615,61716,27519,19315,488

16,36419,48420,45719,22718,57618,64618,88318,84318,38318,450

18,52719,55019,46820,21021,19822,26723,43824,91526,76627,774

28,989

27, 84627, 06326, 53726, 92727, 60326,974

26,86426, 77626,735'27,19727,51127,774

28,69227,70327,35827, 97827,72927,380

27,98728, 20428, 55328,44728,43828,989

Excess

48

7360

5261766

1,7482,9832,0461,0713,2265,011

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

900986797803

1,027826723693703594652577516482756568572536411452392345455257244

217228217152300343

116303236143253257

166273115118181187

141145111254120244

Memberbank freereserves(excessreservesless bor-rowings)

- 7 5 3

- 2 6 4- 7 0 3

245671

1,7382,9772 0391,0553,2195,008

6,6433,3852,372

9581,0191,157

743762663685885169

- 8 7 0252457

- 2 4 5-36

- 1 3 3-41

- 4 2 4

669419268209168- 2

- 1 6 5107

- 3 1 0- 8 2 9

- 7 7

- 4 8 0- 5 9 6- 7 0 1- 8 4 4

- 1 , 1 0 2- 1 , 0 6 4

- 1 , 0 7 4- 9 4 6- 8 3 1- 9 9 2- 9 8 8- 8 2 9

- 7 9 9- 8 1 9- 7 8 1- 7 0 4- 7 9 5- 7 0 1

- 1 , 2 1 7- 6 8 2- 3 3 5- 2 0 8- 3 0 5

-77

1 Data from March 1933 through April 1934 are for licensed banks only.2 Beginning December 1959, total reserves held include vault cash allowed.


263


TABLE C-57.—Bondyields and interest rates, 1929-70

[Percent per annum]

Year or month

1929.

1930..1931193219331934

19351936193719381939

19401 9 4 1 . . . .1942 . . . .19431944

1945.1946.1947.1948.1949.

1950.1951.1952.1953.1954.

1955.1956.1957.1958.1959.

1960.1961.1962,1963.1964.

1965.1966.1967.1968..1969.

1970.

1968: Jan. .Feb..Mar..Apr . .May..June.

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

U.S. Government securities

3-monthTreas-

urybills i

()1.402.879.515.256

.137

.143

.447

.053

.023

.014

.103

.326

.373

.375

.375

.375

.5941.0401.102

1.2181.5521.7661.931.953

1.7532.6583.2671.8393.405

2.9282.3782.7783.1573.549

3.9544.8814.3215.3396.677

6.458

5.0814.9695.1445.3655.6215.544

5.3825.0955.2025.3345.4925.916

9-12monthissues2

0.75.79

.81

.82

.881.141.14

1.261.731.812.07.92

1.892.833.532.094.11

3.552.913.023.283.76

4.095.174.845.627.06

6.90

5.395.375.555.636.066.01

5.685.415.405.445.566.00

3-5year

issues 3

2.662.12

1.291.111.40.83.59

.18

.16

.32

.62

.43

1.501.932.132.561.82

2.503.123.622.904.33

3.993.603.573.724.06

4.225.165.075.596.85

7.37

5.535.595.775.695.955.71

5.445.325.305.425.475.99

Taxablebonds4

2.462.472.48

2.372.192.252.442.31

2.322.572.682.942.55

2.843.083.473.434.08

4.023.903.954.004.15

4.214.654.855.266.12

6.58

5.185.165.395.285.405.23

5.095.045.095.245.365.66

Corporatebonds

(Moo

Aaa

4.73

4.554.585.014.494.00

3.603.243.263.193.01

2.842.772.832.732.72

2.622.532.612.822.66

2.622.862.963.202.90

3.063.363.893.794.38

4.414.354.334.264.40

4.495.135.516.187.03

8.04

6.176.106.116.216.276.28

6.246.025.976.096.196.45

dy's)

Baa

5.90

5.907.629.307.766.32

5.754.775.035.804.96

4.754.334.283.913.61

3.293.053.243.473.42

3.243.4L3.523.743.51

3.533.884.714.735.05

5.195.085.024.864.83

4.875.676.236.947.81

9.11

6.846.806.856.977.037.07

6.986.826.796.847.017.23

High-grademunic-

ipalbonds

(Stand-ard &

Poor's)

4.27

4.074 014.654 714.03

3 403.G73 102.912.76

2.502.102 362 061.86

1.671 642 012.402.21 %

1.982.002.192.722.37

2.532.933.603.563.95

3.733.463.183.233.22

3.273.823.984.515.81

6.51

4.344.394.564.414.564.56

4.364.314.474.564.684.91

Averagerate onshort-termbankloans

to busi-n e s s -

selectedcities

( 7 )

(0( 7 )

( 7 )( 7 )

( 7 )

( 7 )

(0(7)( 7 )

2.1

2.12.02.22.62.4

2.22 12 12.52.68

2.693.113.493.693.61

3.704.204.624.34

« 5.00

5.164.975.005.014.99

5.066.00

io 6.006.688.21

8.48

6.36

6.84

6.89

6.61

Primecom-mer-cial

paper,4-6

months

5.85

3.592.642.731.731.02

.75

.7594

.81

.59

.56

.53

.66

.69

.73

.7581

1.031.441.49

1.452.162.332.521.58

2.183.313.812.463.97

3.852.973.263.553.97

4.385.555.105.907.83

7.72

5.605.505.645.816.186.25

6.195.885.825.805.926.17

Fed-eral

ReserveBankrlieais-

countrate

5.17

3.042.122.822 561.54

1.501.501.331.001.00

1.001.00

8 1.008 1.008 1.00

8 1.008 1.00

1.001.341.50

1.591.751.751.991.60

1.892.773.122.153.36

3.533.003.003.233.55

4.044.504.195.175.87

5.95

4.504.504.665.205.505.50

5.505.485.255.255.255.36

FHAnew

homemort-gage

yields5

4.34

/ti

1.171.211291.61162

4.644.795.425.495.71

6.185.805.615.475.45

5.466.296.557.138.19

9.05

6.816.816.786.836.94

7.527.427.357.287.29r.36


264


TABLE G-57.—Bond yields and interest rates, 1929-70—Continued

(Percent per annum]

Year or month





u.s

3-monthTreas-

urybills i

6.1776.1566.0806.1506.0776.493

7.0047.0077.1297.0407.1937.720

7.9147.1646.7106.4807.0356.742

6.4686.4126.2445.9275.2884.860

. Government securities

9-12monthissues 2

6.266.216.226.116.267.07

7.597.517.767.637.948.34

8.227.606.886.967.697.50

7.006.926.686.345.524.94

3-5year

issues3

6.046.166.336.156.336.64

7.027.087.587.477.577.98

8.147.807.207.497.977.86

7.587.567.247.066.375.86

Taxablebonds4

5.745.866.055.845.856.05

6.076.026.326.276.526.81

6.866.446.396.536.946.99

6.576.756.636.596.245.97

Corporatebonds

(Moody's)

Aaa

6.596.666.856.896.796.98

7.086.977.147.337.357.72

7.917.937.847.838.118.48

8.448.138.098.038.057.64-

Baa

7.327.307.517.547.527.70

7.847.868.058.228.258.65

8.868.788.638.708.989.25

9.409.449.399.339.389.12

High-grade

munic-ipal

bonds(Stand-ard &

Poor's)

4.955.105.345.295.475.83

5.846.076.356.216.376.91

6.806.576.146.557.027.06

6.696.336.456.556.205.71

Averagerate onshort-termbankloans

to busi-ness-

selectedcities

Primecom-mer-cial

months

7.32

7.86

8.82

8.83

8.86

8.49

8.50

8.07

6.536.626.827.047.358.23

8.658.338.488.568.468.84

8.788.558.338.068.238.21

8,297.907.326.856.305.73

Fed-eral

ReserveBankdis-

countrate

5.505.505.505.956.006.00

6.006.006.006.006.006.00

6.006.006.006.006.006.00

6.006.006.006.005.855.52

FHAnew

homemort-gage

yields*

7.50

7.998.058.068.06

8.358.368.368.408.488.48

8.62

9.299.20

,9.109.11

9.169.119.079.018.978.90

1 Rate on new issues within period. Issues were tax exempt prior to March 1,1941, and fully taxable thereafter. For theperiod 1934-37, series includes issues with maturities of more than 3 months.

2 Certificates of indebtedness and selected note and bond issues (fully taxable).•Selected note and bond issues. Issues were partially tax exempt prior to 1941, and fully taxable thereafter.* First issued in 1941. Series includes bonds which are neither due nor callable before a given number of years as fol-

lows: April 1953 to date, 10 years; April 1952-March 1953, 12 years; October 1941-March 1952, 15 years.5 Data for first of the month, based on the maximum permissible interest rate (8 percent beginning December 2, 1970).

Through July 1961, computed on 25-year mortgages paid in 12 years and thereafter, 30-year mortgages prepaid in 15 years.8 Treasury bills were first issued in December 1929 and were issued irregu larly in 1930.1 Not available on same basis as for 1939 and subsequent years.« From October 30, 1942, to April 24, 1946, a preferential rate of 0.50 percent was in effect for advances secured by

Government securities maturing in 1 year or less.• Beginning 1959, series revised to exclude loans to nonbank financial institutions.

10 Beginning February 1967, series revised to incorporate changes in coverage, in the sample of reporting banks, andin the reporting period (shifted to the middle month of the quarter).

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

Sources: Treasury Department, Board of Governors of the Federal Reserve System, Moody's Investors Service, Stand-ard & Poor's Corporation, and Federal Housing Administration.

265


TABLE C-58.—Short- and intermediate-term consumer credit outstanding, 1929—70[Millions of dollars]


1929

19301931 - - . -19321933193419351936193719381939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

196019611962196319641965196619671968196919704

1969:JanFebMarAprMayJune


1970: JanFebMar . . _AprMay .June

JulyAugSept . . _OctNovDec4

Total

7,116

6,3515,3154,0263,8854,2185,1906,3756,9486,3707,222

8,3389,1725,9834,9015,1115,6658,384

11,59814,44717,364

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

56,14157,98263,82171,73980,26890,31497,543

102,132113,191122,469126,200

112,117111,569111,950113,231114,750115,995

116,597117,380118,008118,515119,378122,469

121,074120,077119,698120,402121, 346122, 542

123,092123,655123, 907123, 866123 915126,200

Instalment credit

Total

3,524

3,0222,4631,6721,7231,9992,8173,7474,1183,6864,503

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

11,590

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

42,96843,89148,72055,48662,69271,32477,53980,92689,89098,169

100,900

89,49289,38089,67290,66391,81393, 087

93,83394,73295,35695,85096,47898,169

97, 40296, 89296,66297,10497, 70698, 69999, 30299, 860

100,14299,95999 790

100,900

Auto-mobilepaper

1,384

986684356493614992

1,3721,4941,0991,497

2,0712,458

742355397455981

1,9243,0184,555

6,0745,9727,7339,8359,809

13,46014,42015,34014,15216,420

17,65817,13519,38122,25424,93428,61930,55630,72434,13036,60235,700

34,01334,05334,26234,73335,23035,804

36,08136,24536,32136, 59936,65036, 602

36, 29136,11936,08836, 26436, 45536, 80936,91836,90836, 73836, 51836 01135,700

Othercon-

sumergoodspaper

1,544

1,4321,214

834799889

1,0001,2901,5051,4421,620

1,8271,9291,195

819791816

1,2902,1432,9013,706

4,7994,8806,1746,7796,7517,6418,6068,8449,028

10,631

11,54511,86212,62714,17716,33318,56520,97822,39524,89927,60929 400

24,68224,40424,30624,39924,63624,95625,17225,46725,73225,85526,22327, 609

27, 34626, 98726, 81426, 85027,05527, 303

27, 53827, 80128,05528,15228 37829,400

Homerepair

andmodern-

izationloans i

272522181537

253364219218298

371376255130119182405718853898

1,0161,0851,3851,6101,6161,6931,9052,1012,3462,809

3,1483,2213,2983,4373,5773,7283,8183,7893,9254,0404,100

3,8863,8753,8743,9033,9644,022

4,0394,0634,0964,0844,0764,040

3,9913,9703,9513,9604,0034,040

4,0814,1044,1234,1264 1334,100

Per-sonalloans

569579543464416459572721900927

1,088

1,2451,322

974832869

1,0091,4961,9102,2242,4312,8143,3574,1114,7815,3926,1126,7897,5828,1169,386

10,61711,67313,41415,61817,84820,41222,18724,01826,93629,91831,700

26,91127,04827,23027,62827,98328,305

28, 54128,95729,20729,31229, 52929,918

29,77429,81629, 80930,03030,19330,54730,76531,04731, 22631,16331,26831,700

Noninstalment credit

Total

3,592

3,3292,8522,3542,1622,2192,3732,6282,8302,6842,719

2,8243,0872,8172,7652,9353,2034,2124,9035,4515,774

6,7687,4188,1178,3888,8969,924

10,61411,10311,48712,297

13,17314,09115,10116,25317,57618,99020,00421,20623,30124,30025,300

22,62522,18922,27822,56822,93722,908

22,76422,64822,65222,66522,90024,300

23, 67223,18523,03623, 29823, 64023, 84323, 79023, 79523, 76523,90724 12525,300

Chargeac-

counts

1,996

1,8331,6351,3741,2861,3061,3541,4281,5041,4031,414

1,4711,6451,4441,4401,5171,6122,0762,3812,7222,854

3,3673,7004,1304,2744,4854,7954,9955,1465,0605,104

5,3295,3245,6845,9036,1956,4306,6866,9687,7558,2348,600

7,0976,4036,3406,5576,9717,002

7,0396,9887,0057,0857,2388,234

7,5396,7896,6456,9007,2737,473

7,5097,5087,4897,6567,7578,600

Other 2

1,596

1,4961,217

980876913

1,0191,2001,3261,2811,305

1,3531,4421,3731,3251,4181,5912,1362,5222,7292,920

3,4013,7183,9874,1144,4115,1295,6195,9576,4277,193

7,8448,7679,417

10,35011,38112,56013,31814,23815,54616,06616,700

15,52815,78615,93816,01115,96615,90615,72515,66015,64715,58015,66216,066

16,13316, 39616, 39116, 39816, 36716, 370

16, 28116, 28716, 27616, 25116, 36816,700

Adden-dum:Policy

loans bylife in-surance

com-panies 3

2 379

2 8073 3693 8063 7693 6583,5403 4113 3993 3893,248

3,0912 9192 6832,3732,1341 9621,8941 9372,0572,240

2,4132,5902,7132,9143,1273,2903,5193,8694,1884,618

5,2315,7336,2346,6557,1407,6789,117

10,05911,30513. 825

11,41611,52211,73411,93912,12612, 366

12, 66312,93313,18413,41813,58013,805

14,06014,29514,53514,75914,95115,180

15,35415, 51715, 67415,813

'Moldings of financial institutions only; holdings of retail outlets are included in "other consumer goods paper."3 Single-payment loans and service credit.* Year-end figures are annual statement asset values; month-end figures are book value of ledger assets. These loans

are not included in consumer credit series.* Preliminary; December by Council of Economic Advisers.

Sources: Board of Governors of the Federal Reserve System and Institute of Life Insurance (except as noted).

266


TABLE C-59.—Instalment credit extended and repaid, 1946—70


Year or month

1946.1947.1948.1949.

1950.1951.1952.1953.1954.

1955.1956.1957.1958.1959.

1960.1961.1962.1963.1964.

1965.1966.1967.1968.1969.

1970 i

1969 : Jan..Feb..Mar..Apr..May..June.

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

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

July..Aug...Sept..Oct.Nov_.Deci.

Total

Ex-tended

8,49512,71315,58518,108

21,55823,57629,51431,55831,051

38,97239,86642,01940,11048,048

49,79349,04856,19163,59170,670

78,58682,33584,69397, 053102, 888

103,850

Re-paid

6,78510,19013,28415,514

18,44522,98525,40527,95630,488

33,63437,05639,87040,33942,603

46,07348,12451,36056.82563,470

69,95776,12081,30688, 08994,609

101,150

Automobilepaper

Ex-tended

1,9693,6925,2176,967

8,5308,95611,76412,98111,807

16,73415.51516,46514,22617,779

17,65716,02919,69422,12624,046

27,22727,34126,66731,42432,354

Re-paid

1,4432,7494,1235,430

7,0119,05810,00310,87911,833

13,08214,55515,54515,41515,579

16,41916,55217,44719,25421,369

23,54325,40426,49928,01829,882

30,000 30,900

Other consumergoods paper

Ex-tended

3,0774,4985,3835,865

7,1507,4859,1869,2279,117

10,64211,72111,81011,73813,981

14,52514,55115,70117,92020,821

22,75025,59126,95230,59333, 079

36,200

Re-paid

2,6033,6454,6255,060

6,0577,4047,8928,6229,145

9,75210,75811,57411,55712,402

13,61314,23514,93516,36918,666

20,51823,17825,53528, 08930,369

34,450

Home repair andmodernization

loans

Ex-tended

423704714734

835841

1,2171,3441,261

1,3931,5821,6741,8712,222

2,2152,0922,0842,1862,225

2,2662,2002,1132,2682,278

2,200

Re-paid

200391579689

717772917

1,1191,255

1,3161,3701,4771,6261,765

1,8762,0152,0102,0462,086

2,1162,1102,1422,1322,163

2,100

Personalloans

Ex-tended

3,0263,8194,2714,542

5,0436,2947,3478,0068,866

10,20311,05112,06912,27514,070

15,39616,37718,71021,35923,578

26,34327,20328,96132,76835,177

35,450

Seasonally adjusted

8,3718,4148,3818,7208,6808,705

8,5218,6808,6698,6618,6328,344

8,5218,6258,3928,4919,0048,683

9,0658,8098,8498,5808,4148,500

7,7307,6167,7357,9607,8347,910

7,8998,0807,9717,9928,0127,929

8,1418,2078,1948,1958,5898,242

8,6228,5778,4908,6628,7168,500

2,6612,7162,7302,7722,7572,725

2,5822,6342,7942,8082,6832,472

2,4792,5362,4962,5712,5952,587

2,6852,5372,6212,3492,1272,200

2,4672,4682,5012,5192,4882,460

2,4712,5622,4982,4632,5032,499

2,4692,5502,5012,5272,6002,573

2,7522,6322,5992,5502,5772,500

2,6542,5982,6252,7632,7672,869

2,7772,8192,7402,7072,8412,838

2,9253,0182,9222,8433,1832,925

3,1243,1683,0713,1133,1133,100

2,4422,3522,4612,5692,5072,602

2,5112,5742,6002,6152,6232,552

2,7222,7612,7922,7292,8882,750

2,8742,9672,9133,0363,0823,000

179201198219209218

185177180175164169

160179165183180189

192173186182180200

173172180185183183

191185156189179185

168171169173174174

170175174179176200

2,8772,8992.8282,9662,9472,893

2,9773,0502,9552,9712,9442,865

2,9572,8922,8092,8943,0462,982

3,0642,9312,9712,9362,9943,000

Re-paid

2,5393,4053,9574,335

4,6605,7516,5937,3368,255

9,48410,37311,27611,74112,857

14,16515,31916,96919,15621,349

23,78025,42827,13029,85032,195

33,700

2,6482,6242,5932,6872,6562,665

2,7262,7592,7172,7252,7072,693

2,7822,7252,7322,7662,9272,745

2,8262,8032,8042,8972,8812,800

* Preliminary; December by Council of Economic Advisers.

Source: Board of Governors of the Federal Reserve System (except as noted).

267


TABLE C-60.—Mortgage debt outstanding, by type of property and of financing, 1939-70


End of yearor quarter

1939

19401941194219431944

1945..1946...194719481949

1950...1951195219531954.

19551956..1957..19581959

19601961.196219631964

1965196619671968 v _

1969 p

1970 v

1967: !...._II111IV

1968: I p...II".-III v_IV p..

1969 : I p...II "..HI 'IV p .

1970: I p...II vIII vIV p

Allprop-erties

35.5

36.537.636.735.334.7

35.541.848.956.262.7

72.882.391.4

101.3113.7

129.9144.5156.5171.8190.8

206.8226.2248.6274.3300.1

325.8347.4370.2397.5425.3

450.0

350.5356.2363.3370.2

375.8382.9389.8397.5

403.7411.7418.7425.3

429.4435.6442.7450.0

Farmprop-erties

6.6

6.56.46.05.44.9

4.84.95.15.35.6

6.16.77.27.78.2

9.09.8

10.411.112.1

12.813.915.216.818.9

Nonfarm properties

Total

28.9

30.031.230.829.929.7

30.836.943.950.957.1

66.775.684.293.6

105.4

120.9134.6146.1160.7178.7

194.0212.3233. 4257.4281.2

21.2 304.623.3 I 324.125.5 344.827.529.5

31.2

23.724.324.925.5

26.026.727.227.5

28.128.829.229.5

29.830.330.831.2

370.0395.9

418.8

326.8331.9338.3344.8

349.8356.1362.6370.0

375.7382.9389.5395.9

399.6405.2411.9418.8

1- to 4-familyhouses

16.3

17.418.418.217.817.9

18.623.028.233.337.6

45.251.758.566.175.7

88.299.0

107.6117.7130.9

141.3153.0166.5182.2197.6

212.9223.6236.1251.2266.8

279.9

224.9227.8232.0236.1

239.1243.2247.0251. 2

254.8259.5263.5266.8

268.5271.7275.8279.8

Multi-family

5.6

5.75.95.85.85.6

5.76.16.67.58.6

10.111.512.312.913.5

14.314.915.316.818.7

20.322.925.829.033.6

37.240.343.947.352.2

57.6

41.041.942.843.9

44.645.346.247.3

48.349.450.652.2

53.254.556.057.7

Com-mer-cial

prop-erties i

7.0

6.97.06.76.36.2

6.47.79.1

10.210.8

11.512.513.414.516.3

18.320.723.226.129.2

32.436.441.146.250.0

54.560.164.871.476.9

81.4

60.962.263.564.8

66.167.669.371.4

72.674.075.476.9

77.879.080.181.4

Nonfarm properties by type of mortgage

FHA-VA underwritten

Total

1.8

2.33.03.74.14.2

4.36.39.8

13.618.1

22.126.629.332.136.2

42.947.851.655.259.2

62.365.569.473.477.2

81.284.188.293.4

100.2

84.585.386.488.2

89.490.792.093.4

94.596.698.5

100.2

102.9103.2

1- to 4-family houses

Total

1.8

2.33.03.74.14.2

4.36.19.3

12.515.0

18.922.925.428.132.1

38.943.947.250.153.8

56.459.162.265.969.2

73.176.179.984.490.2

76.477.278.379.9

81.082.183.284.4

85.387.188.990.2

91.692.1

FHAin-

sured

1.8

2.33.03.74.14.2

4.13.73.85.36.9

8.69.7

10.812.012.8

14.315.516.519.723.8

26.729.532.335.038.3

42.044.847.450.654.5

45.245.746.647.4

48.148.749.650.6

51.452.253.454.5

55.656.1

VAguar-

anteed

0.22.45.57.28.1

10.313.214.616.119.3

24.628.430.730.430.0

29.729.629.930.930.9

31.131.332.533.835.7

31.231.531.732.5

32.933.433.633.8

33.934.935.535.7

36.036.036.9

Conventional'

Total

27.1

27.728.227.125.825.5

26.530.634.137.339.0

44.649.054.961.569.2

78.086.894.5

105.5119.4

131.7146.9164.0184.0204.0

223.4240.0256.6276.6295.7

242.3246.6251.9256.6

260.4265.4270.6276.6

281.2286.3291.0295.7

297.7302.0

l - t o4 -familyhouses

14.5

15.115.414.513.713.7

14.316.918.920.822.6

26.328.833.138.043.6

49.355.160.467.677.0

84.893.9

104.3116.3128.3

139. o147.?156.?166. \176.?

148.4150.6153.7156.1

158.1161.1163.8166.8

169.5172.6174.6176.4

176.9179.6

i Includes negligible amount of farm loans held by savings and loan associations.' Derived figures.

Source: Board of Governors of the Federal Reserve System, estimated and compiled from data supplied by variousGovernment and private organizations.

268


TABLE G-61.—Mortgage debt outstanding^ by lender, 1939-70


End of year or quarter

1939 .

19401941194219431944

19451946194719481949

19501951195219531954

195519561957 - . . -19581959

19601961 - - -196219631964 - .

1965196619671968 P1969 P1970 p

1967: 1IIIII . . . - .IV

1968: 1 pII pIII pIVP

1969: i» _.II P

I I I 'I V P

1970: 1 pII pIII vIV v

Total

35.5

36.537.636.735.334.7

35.541.848.956.262.7

72.882.391.4

101.3113.7

129.9144.5156.5171.8190.8

206.8226.2248.6274.3300.1

325.8347.4370.2397.5425.3450.0

350.5356.2363.3370.2

375.8382.9389.8397.5

403.7411 7418.7425.3

429.4435.6442.7450.0

Total

18.6

19.520.720.720.220.2

21.026.031.837.842.9

51.759.566.975.185.7

99.3111.2119.7131.5145.5

157.6172.6192.5217.1241.0

264.6280.8298.8319.9339.1355.2

282.9287.6293.3298.8

302.6308.1313.5319.9

324.7331.0335.7339.1

340.6344.4349.5355.2

Selected financial institutions

Savingsandloan

associa-tions

3.8

4.14.64.64.64.8

5.47.18.9

10.311.6

13.715.618.422.026.1

31.435.740.045.653.1

60.168.878.890.9

101.3

110.3114.4121.8130.8140.2149.9

114.8116.9119.5121.8

123.3125.9128.3130.8

133.0136.2138.6140.2

140.8143.1146.4149.9

Mutualsavingsbanks

4.8

4.94.84.64.44.3

4.24.44.95.86.7

8.39.9

11.412.915.0

17.519.721.223.325.0

26.929.132.336.240.6

44.647.350.553.556.158.0

48.148.949.750.5

51.251.852.553.5

54.254.855.456.1

56.456.957.458.0

Com-mercialbanks i

4.3

4.64.94.74.54.4

4.87.29.4

10.911.6

13.714.715.916.918.6

21.022.723.325.528.1

28.830.434.539.444.0

49.754.459.065.770.772.9

54.555.757.559.0

60.162.063.865.7

67.169.170.470.7

70.971.372.172.9

Lifeinsurance

com-panies

5.7

6.06.46.76.76.7

6.67.28.7

10.812.9

16.119.321.323.326.0

29.433.035.237.139.2

41.844.246.950.555.2

60.064.667.570.072.074.3

65.566.166.667.5

68.068.468.970.0

70.470.971.372.0

72.673.273.574.3

Other lenders

U.S.agencies2

5.0

4.94.74.33.63.0

2.42.01.81.92.4

2.73.44.04.44.6

5.26.07.47.8

10.0

11.211.812.211.211.4

12.415.818.421.726.832.1

16.416.717.518.4

19.620.621. 121.7

22.623.424.926.8

28.630.031.332.1

Indi-viduals

andothers

11.9

12.012.211.711.511.5

12.113.815.316.517.4

18.419.420.521.823.4

25.427.329.332.535.4

38.041.844.045.947.7

48.750.953.055.859.462.7

51.351.952.553.0

53.554.255.155.8

56.457 258.159.4

60.261.261.962.7

1 Includes loans held by nondeposit trust companies, but not bank trust departments.2 Includes former FNMA and new GNMA, as well as FHA. VA, PHA, Farmers' Home Administration and in earlier years

RFC, HOLC, and FFMC. Also includes U.S.-sponsored agencies such as new FNMA and Federal Land Banks. Other U.S.agencies (amounts small or current separate data not readily available) included with "individuals and others."

Sources: Board of Governors of the Federal Reserve System, based on data from various Government and private or-ganizations.

411-364 O—71- -18269


TABLE C-62.—Net public and private debt, 1929-69*


End of year

1929

19301931193219331934

19351936193719381939 .-

1940 . - .1941.194219431944 . .

19451946194719481949

19501951195219531954

19551956195719581959

1960 . .1961 - - - - -196219631964

19651966196719681969

Total

191.9

192.3182.9175.0168.5171.6

175.0180.6182.2179.9183.3

189.8211.4258.6313.2370.6

405 9396.6415.7431.3445.8

486.2519.2550.2581.6605 9

665 8698.4728.3769.6833.0

874 2930.3996 0

1,070 91,151.6

1, 244.11,341.41,435.51, 567. 81, 699. 5

Public

Fed-erals

16.5

16.518.521.324.330.4

34.437.739.240.542.6

44.856.3

101.7154.4211.9

252.5229.5221.7215.3217.6

217.4216.9221.5226.8229.1

229.6224.3223.0231.0241.4

239.8246.7253.6257.5264.0

266.4271.8286.5291.9289.3

Fed-eral

finan-cial

agen-cies3

0.7.6.7

.71.31.31.41.3

2.92.42.42.53.7

3.54.05.37.27.5

8.911.29.0

21.430.5

Stateandlocal

13.6

14.716.016.616.315.9

16.116.216.116.116.4

16.416.115.414.513.9

13.413.715.017.019.1

21.724.227. 030.735.5

41.144.548.653.759.6

64.970.577.083 990.4

98.3104.8112.8123.2132.4

Total

161.8

161.1148.4137.1127.9125.3

124.5126.7126.9123.3124.3

128.6139.0141.5144.3144.8

140.0153.4178.3198.4208.4

246.4276.8300.4322.7340.0

392.2Ml.2454.3482.4528.3

566.1609.1660.1722.3789.7

870.4953.5

1,027.21,131.41,247.3

Cor-porate

88.9

89.383.580.076.975.5

74.876.175.873.373.5

75.683.491.695.594.1

85.393.5

108.9117.8118.0

142.1162.5171.0179.5182.8

212.1231.7246.7259.5283.3

302.8324.3348.2376.4409.6

454.3506.6546.6610.9692.2

Total

72.9

71.864.957.151.049.8

49.750.651.150.050.8

53.055.649.948.850.7

54.759.969.480.690.4

104.3114.3129.4143.2157.2

180.1195.5207.6222.9245.0

263.3284.8311.9345. 8380.1

416.1446.9480.6520.5555.1

Private

Individual anc

Farm *

12.2

11.811.110.19.18.9

8.98.68.69.08.8

9.19.39.08.27.7

7.37.68,6

10.812.0

12.313.715.216.817.5

18.719.420.223.223.8

25.127.530.233.236.0

39.342.448.352.356.7

Total

60.7

60.053.847.041.940.9

40.842.042.541.042.0

43.946.340.940.542.9

47.452.360.769.778.4

92.0100.6114.2126.4139.7

161.4176.1187.4199.7221.2

238.2257.3281.7312.6344.1

376.8404.5432.3468.2498.4

noncorporate

Nonfarm

Mort-gage

31.2

32.030.929.026.325.5

24.824.424.324.525.0

26.127.126.826.126.0

27.031.837.242.447.1

54.861.768.976.786.4

98.7109.4118.1128.1141.0

151.3164.5180.3198.6218.9

236.8251.6256.9285.3304.5

Com-mer-cialand

finan-cial s

22.4

21.617.614 011.711.2

10.811.211.310.19.8

9.510.08.19.5

11.8

14.712.111.912.913.9

15.816.217.818.420.8

24.024.424.326.528.7

30.834.837.642.345.0

49.755.463.369.771.4

Con-sumer

7.1

6.45.34.03.94.2

5.26.46.96.47.2

8.39.26.04.95.1

5.78.4

11.614.417.4

21.522.727.531.432.5

38.842.345.045.151.5

56.158.063.871.780.3

90.397.5

102.1113.2122.5

1 Net public and private debt is a comprehensive aggregate of the indebtedness of borrowers after eliminating certaintypes of duplicating governmental and corporate debt.

i Net Federal Government and agency debt is the outstanding debt held by the public, as defined in the "Budget of theUnited States Government, for the Fiscal Year ending June 30, 1972."

3 This comprises the debt of federally sponsored agencies, in which there is no longer any Federal proprietary interest.The obligations of the Federal Land Banks are included beginning with 1947, the debt of the Federal Home Loan Banksis included beginning with 1951, and the debts of the Federal National Mortgage Association, Federal Intermediate CreditBanks, and Banks for Cooperatives are included beginning with 1968.

* Farm mortgages and farm production loans. Farmers' financial and consumer debt is included in the nonfarm categories.* Financial debt is debt owed to banks for purchasing or carrying securities, customers' debt to brokers, and debt owed

to life insurance companies by policyholders.Sources: Department of Commerce (Office of Business Economics), Treasury Department, Department of Agriculture,

Board of Governors of the Federal Reserve System, Federal Home Loan Bank Board, Federal Land Banks, and FederalNational Mortgage Association.

270


GOVERNMENT FINANCETABLE G-63.—Federal budget receipts and outlays, 1929-72


Fiscal year

Administrative budget:1929 .

1930 .1931193219331934

19351936193719381939

Consolidated cash statement:

19401941194219431944

19451946 .194719481949 .

19501951 .19521953

Unified budget:1954

195519561957 . .19581959

19601961— . .1962.19631964 . . .

1965 . .19661967 . .19681969 . -

1970 . . .1971119721 . . . .

Receipts

3,862

4,0583,1161,9241,9973,015

3,7063,9974,9565,5884,979

6,8799,202

15,10425,09747,818

50,16243,53743,53145,35741,576

40,94053,39068,01171,495

69,719

65,46974,54779,99079,63679,249

92,49294,38999,676

106,560112,662

116,833130,856149, 552153,671187,784

193,743194,193217,593

Outlays

3,127

3,3203,5774,6594,5986,645

6,4978,4227i 7336,7658,841

9,58913,98034,50078,90993,956

95,18461,73836,93136,49340,570

43,14745,79767,96276,769

70,890

68, 50970,46076,74182, 57592,104

92,22397,795

106,813111,311118,584

118,430134,652158,254178,833184,548

196,585212,755229,232

Surplus ordeficit ( - )

734

387-462

-2 ,735-2 ,602-3 ,630

-2,791-4 ,425-2 ,777-1 ,177-3 ,862

-2 ,710-4 ,778

-19,396-53,812-46,138

-45,022-18,201

6,6008,8641,006

-2 ,2077,593

49-5 ,274

-1 ,170

-3 ,0414,0873,249

-2 ,939-12,855

269-3,406-7,137-4,751-5 ,922

-1 ,596-3 ,796-8 ,702

-25,1613,236

-2 ,845—18,562-11,639

1 Estimate.Note.—Certain interfund transactions are excluded from receipts and outlays starting in 1932. For years prior to 1932 the

arrountsof such transactions are not significant.Refunds of receipts are excluded from receipts and outlays starting in 1913.]

Sources: Treasury Department and Office of Management and Budget.

271


T A B L E C-64.—Federal budget receipts, outlays, financing, and debt, 1961—72

[Millions of dollars; fiscal years]

Description

Actual

1961 1962 1963 1964 1965 1966

RECEIPTS, EXPENDITURES, AND NET LEND-ING:

Expenditure account:Rece i ptsExpenditures (excludes net lending)...

Expenditure account surplus ordeficit ( - ) .

Loan account:Loan disbursements.Loan repayments

Net lending.

Total budget:ReceiptsOutlays(expenditures and net lending).

Budget surplus or deficit ( - )

BUDGET FINANCING:Net borrowing from the public or repay-

ment of borrowing (—)Other means of financing

Total means of financing.

OUTSTANDING DEBT, END OF YEAR:Gross Federal debt

Held by the public

94,38996,597

-2,208

7,8696,671

1,198

94,38997,795

-3,406

1,4271,979

3,406

292,895238,604

99,676104,462

-4,786

9,6217,271

2,351

99,676106,813

- 7 , 1 3 7

9,769- 2 , 6 3 2

7,137

303,291248,373

106,560111,456

- 4 , 8 9 6

9,6469,791

- 1 4 5

106,560111,311

- 4 , 7 5 1

6,088-1,337

4,751

310,807254,461

112,662118,039

-5,377

10,2379,693

545

112,662118,584

- 5 , 9 2 2

3,0922,830

5,922

316,763257,553

116,833117,181

- 3 4 7

10,9119,662

1,249

116,833118,430

-1,596

4,061-2,465

1.596

323,154261,614

130,856130,820

36

14,62810,796

3,832

130,856134,652

-3,796

3,076720

3,796

329,474264,690

BUDGET RECEIPTSIndividual income taxesCorporation income taxesEmployment taxes and contributionsUnemployment insuranceContributions for other insurance and

retirementExcise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts l

MEMORANDUM:Federal funds..Trust funds. . .

BUDGET OUTLAYS (EXPENDITURES ANDNET LENDING)

National defenseInternational affairs and financeSpace research and technologyAgriculture and rural developmentNatural resourcesCommerce and transportationCommunity development and housingEducation and manpowerHealthIncome securityVeterans benefits and servicesI nterestGeneral governmentAllowa nces....Undistributed intragovernmental trans-

actions

94,38941,33820,95412,6792,902

85711,8601,896982919

75,17921,800

97,79547,3813,357744

3,3401,5545,032191

1,227873

21,2275,6888,1081,491

99,67645, 57120, 52312,8353,337

87512,5342,0161,142843

79,70322,652

106,81351,0974,4921,2574,1231,6655,430589

1,4061,139

22, 5305,6258,3211,650

106,56047, 58821,57914, 7464,112

94613,1942,1671,2051,023

83, 55025,799

111,31152,2574 1152,5525,1391,4835,765-8801,5021,393

24, 0845.5209,2151,810

112,66248,69723,49316,9594,045

1,00813,7312,3941,2521,084

87,20528,518

118,58453,5914,1174,1705,1851,9446,511- 1 8 51,7511,737

25,1105,6819,8102,040

116,83348,79225,461 j17,3593,819

1,08114,5702,7161,4421,594

90,94329,230

118,43049,5784,3405,0914,8072,0287,399

2882,2841,730

25,7025,722

10,3572,210

MEMORANDUM:Federal fundsTrust fundsIntragovernmental transactions.

-2,443

79,33621,048

- 2 , 5 8 9

- 2 , 5 1 3

86,59422,898

- 2 , 6 8 0

-2,644

90,14123,958

- 2 , 7 8 8

- 2 , 8 7 7

95,76125,884

- 3 , 0 6 1

- 3 , 1 0 9

94,80726,962

-3 ,339

130,85655,44630,07320,6623,777

1,12913,0623,0661,7671,875

101,42732,997

134,65256,7854,4905,9333,6791,9997,1712,6444,2582,54329,0165,92011,2852,292

-3,364

106,51231,708

— 3 , 568


272


TABLE C-64.—Federal budget receipts, outlays, financing, and debt, 1961-72—Continued

[Millions of dollars; fiscal yearsl

Description

RECEIPTS, EXPENDITURES, AND NET LEND-ING:

Expenditure account:ReceiptsExpenditures (excludes net lending)

Expenditure account surplus ordef ic i t ( - )

Loan account:Loan disbursements.Loan repayments

Net lending.

Total budget:ReceiptsOutlays (expenditures and net lending)..

Budget surplus or deficit (—)

BUDGET FINANCING:Net borrowing from the public or repay-

ment of borrowing (—)Other means of financing

Total means of financing-

OUTSTANDING DEBT, END OF YEAR:Gross Federal debt

Held by the public

BUDGET RECEIPTS.

Individual income taxesCorporation income taxesEmployment taxes and contributionsUnemployment insuranceContributions for other insurance and re-

tirementExcise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts i

MEMORANDUM:Federal funds.Trust funds

BUDGET OUTLAYS (EXPENDITURES AND NETLENDING)

National defenseInternational affairs and finance _.Space research and technologyAgriculture and rural developmentNatural resourcesCommerce and transportationCommunity development and housingEducation and manpowerHealthIncome securityVeterans benefits and servicesI nterestGeneral governmentAllowancesUndistributed Intragovernmental trans-

actions

MEMORANDUM:Federal fundsTrust fundsIntragovernmental transactions.

Actual

1967

149,552153,201

-3,649

17,67612,623

5,053

149,552158,254

- 8 , 702

2,8385,863

8,702

341,348267,529

149,552

61,52633,97127,8233,659

1,86713,7192,9781,9012,108

111,83542,935

158,254

70,0814,5475,4234,3761,8217,5942,6165,8536,72131,1646,89712,5882,510

-3,936

126,77936,693-5,218

1968

153,671172,802

-19,131

20,32714,297

6,030

153,671178,833

-25,161

23,1002,061

25,161

369,769290, 629

153,671

68,72628,66529,2243,346

2,05214,0793,0512,0382,491

114,72644,716

178,833

80, 5174,6194,7215,9431,6558,0944,0766,7399,67234,1086,88213,7442,561

-4,499

143,10541,499-5,771

1969

187,784183, 072

4,712

13,11711,640

1,476

187,784184,548

3,236

-1,044-2,192

2-3,236

367,144279,483

187,784

87, 24936,67834,2363,328

2,35315,2223,4912,3192,908

143,32152,009

184,548

81,2323,7854,2476,2212,0817,9211,9616,52511,69637,6997,64015,7912,866

-5,117

148,81143, 284-7,547

1970

193,743194,456

-714

8,3136,182

2,131

193,743196,588

- 2 , 845

3,814-969

2 2, 845

382, 603284,880

193,743

90,41232, 82939,1333,464

-6,3

156, 30149,065-8,778

Estimate

1971

194,193211,143

-16,951

8,8077,196

1,611

194,193212,755

-18,562

17,600962

18, 562

407,033302,480

194,193

88, 30030,10042,2973,604

2,70115,7053,6442,4303,424

143,15859, 362

196,588

80, 2953,5703,7496,2012,4809,3102,9657,289

12,99543, 7908,677

18,3123,336

3,07216,8003,7302,4903,800

139,13766,165

212,755

76,4433,5863,3685,2622,636

11,4423,8588,300

14,92855, 5469,969

19.4334, 381

-7,197

164,66559, 200

-11,109

1972

217,593228,286

-10,693

9,4408,494

946

217, 593229, 232

-11,639

10, 6001,039

11,639

429,400313, 080

217, 593

93,70036,70050, 2254,183

3,15117,5005,3002,7004,134

153.72075,490

229,232

77,5124,0323,1515.8044,24310,9374,4958, 80816, 01060,73910,64419, 6874,9705,969

-7,771

175,85763, 992

-11,617

1 Includes both Federal funds and trust funds.2 Excludes changes due to ^classification and to conversion of mixed-ownership enterprises to private ownership. (See

footnotes to Table 9, "Budget of the United States Government for the Fiscal Year Ending June 30, 1971," and footnotesto Table 10, "Budget of the United States Government for the Fiscal Year Ending June 30, 1972.")

Sources: Treasury Department and Office of Management and Budget.

273


TABLE C-65.—Relation of the Federal budget to the Federal sector of the national income andproduct accounts, 1969-72

[Billions of dollars; fiscal years]

Receipts and expendituresActual

1969 1970

Estimate

1971 1972

RECEIPTS

Total receipts, budget-

Government contribution for employee retire-ment (grossing)

Other netting and grossingAdjustment to accrualsOther

Federal sector, national income and product accounts,receipts

EXPENDITURES

Tota I outlays, budget

Loan accountFinancial transactions in the expenditure account..Government contribution for employee retirement

(grossing)Other netting and grossingDefense timing adjustmentOther

Federal sector, national income and product accounts,expenditures

187.8

2.11.3.2

- . 1

191.3

184.5

- 1 . 5- 1 . 0

2.11.3.4.7

186.7

193.7

2.71.5.9

- . 1

198.7

196.6

- 2 . 1- 1 . 8

2.71.51.5

- . 5

197.9

194.2

2.81.51.5

- . 1

200.0

212.8

- 1 . 6- 2 . 4

2.81.51.6

.3

215.0

217.6

2.71.64.4

- . 4

225.9

229.2

- . 9- 2 . 2

2.71.6

.5- . 7

230.1

Note.—See Special Analysis A, "Budget of the United States Government for the Fiscal Year Ending June 30, 1972," fordescription of these categories.

Sources: Treasury Department, Office of Management and Budget, and Department of Commerce (Office of BusinessEconomics).

274


TABLE C-66.—Receipts and expenditures of the Federal Government sector of the national incomeand product accounts, 1948-72


Year or quarter

Receipts

Total

43.640.042.060.865.169.365.867.275.880.777.985.494.895.3

104.2110.2115.5120.5132.8147.2160.4191.3198.7200.0225.9

43.338.949.964.067.270.063.872.177.681.678.789.796.598.3

106,4114.5115.0124.7142.5151.2175.4200.6195.4

Porrer-sonaltav

13 X

andnon*tax

ceipts

20.016.316.523.228.831.430.329.733.636.736.338.242.543.647.349.650.751.357.664.571.089.593.790.699.0

19.016.118.126.131.032.229.031.435.237.436.839.943.644.748.651.548.653.861.767.579.395.991.8

Cor-po-rate

profitstaxac-

cruals

11.211.011.921.519.319.717.318.721.120.617.821.522.320.322.923.525.727.731.031.234.038.936.835.843.5

11.89.8

17.021.518.519.517.020.620.620.218.022.521.721.822.724.626.429.332.130.737.539.234.8

Indi-rect

busi-nesstaxandnon-taxac-cru-als

7.98.08.29.59.7

10.710.410.010.811.711.611.913.213.314.215.015 616.915.715.817.118.619.420.321.8

8.08.08.99.4

10.310.99.7

10.711.211.811.512.513.513.614.615.316.116.515.716.318.019.119.6

Con-tribu-tionsfor

socialinsur-ance

4.64.85.56.67.37.57.88.7

10.211.712.213.816.718.119.922.123 524.628.535.738.344.248.953.261.6

4.54.95.97.17.47.48.19.3

10.612.212.414.817.718.220.523.123.825.133.036.740.746.549.3

Total i

30.939.642.444.666.075.874.267.369.876.083.190.991.398.0

106.4111.4116 9118.5131.9154.5172.3186.7197.9215.0230.1

34.941.340.857.871.077.069.768.171.979.688.991.093.0

102.1110.3113.9118.1123.5142.8163.6181.6191.3206.2

Pur-chases

ofgoodsand

serv-ices

13.219.319.025.146.656.153.243.945.247.750.754.752.755.560.963.465.764.471.785.395.2

100.6100.897.9

102.2

16.520.118.437.751.857.047.444.145.649.553.653.753.557.463.464.265.266.977.890.799.5

101.399.7

Expenditures

Transferpayments

Toper-sons

8.78.1

11.38.18.59.3

10.512.112.814.417.819.820.623.625,126.427 328.331.837.242.448.354.567.072.5

7.68.7

10.88.58.89.5

11.512.413.415.719.520.121.524.925.527.027.830.333.440.045.750.060.0

Tofor-

eign-ers

(net)

2.65.04.33.12.62.11.72.11.81.91.71.81.82.12.12.12 22.22.32.22.12.22.02.22.5

3.85.13.63.12.12.01.82.01.91.81.81.81.92.12.22.22.22.22.32.22.12.12.0

Grants-in-aid

to Stateandlocal

govern-ments

1.82.12.42.42.52.82.93.03.23.74.76.26.86.97.68.49.8

10.912.714.817.619.122.127.034.4

2.02.22.32.52.62.82.93.13.34.25.66.86.57.28,09.*1

10.411.114.415.818.420.224.4

Netin-ter-estpaid

4.24.34.44.64.84.85.04.95.15.55.75.97.06.86.87.58 18.59.09.9

10.912.314.014.614.3

4.34.44.54.74.74.95.04.95.35.75.66.47.16.67.27.78.38.79.5

10.211.813.114.5

1Subsi-

rliocuieslesscur-rentsur-plusof

gov-ern-mententer-prises

.5

.81.01.31.1.9

1.01.31.72.82.52.42.33.23.83.63 84.14.55.14.14.14.66.24.2

.7

.81.21.31.0.8

1.11.52.42.62.72.12.53.84.03.64.24.35.44.64.14.65.5

Sur-plusor

defi-cit

<-),na-

tion-alin-

comeand

prod-uctac-

:ounts

Fiscal year:1948194919501951195219531954195519561957._19581959 _196019611962196319641965196619671968196919701971219722

Calendar year:19481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970*

1969: IIIIII . .IV. . . .

1970: I

12.7

-.516.2

- 1 . 0- 6 . 5- 8 . 5- . 16.04.7

- 5 . 1- 5 . 5

3.5- 2 . 7- 2 . 1- 1 . 2- 1 . 4

2.0.9

- 7 . 2-11.9

4.6.8

-15.0-4 .2

8.4- 2 . 4

9.16.2

- 3 . 8- 7 . 0- 5 . 9

4.05.72.1

-10.2- 1 . 2

3.5- 3 . 8- 3 . 8

- 1 01.2

2-12*4-6 .2

9.3-10.8

197.2202.5200.8202.0195.9196.7194.9

93.797.395.696.993.493.589.490.8

39.940.238.638.134.834.935.7

-\1 ±.

18.519.019.519.319.319.420.119.6


45.146.047.047.748.448.949.749.9

187.7189.1192.5195.9197.7210.9206.7209.5

100.999.8

102.5102.1102.399.798.698.4

48.949.850.351.253.462.461.063.3

1.82.51.92.11.92.01.92.0

19.319.620.021.823.025.124.425.2

12.612.913.213.914.314.314.814.7

4.34.64.64.95.35.35.65.9

9.513.48.36.1

-1 .7-14.2-11.8

* Wage accruals less disbursements have been subtracted from total. These were (in billions of dollars, at seasonallyadjusted annual rates) 2.5, - 2 . 1 , -0 .4 , and .0 in the 4 quarters of 1970, respectively.

' Estimates.Sources: Department of Commerce (Office of Business Economics) and Office of Management and Budget.

275


TABLE C-67.—Public debt securities by kind of obligation, 1946-70



194619471948 . .1949 . . . .

19501951195219531954 . .19551956195719581959 .

196019611962 .1963196419651966196719681969

1970

1969: JanFebMarApr .MayJune


1970: JanFebMarAprMayJune _ - - . - -

JulyAug ---SeptOctNovDec

Totalpublicdebt

securi-ties

259.1256.9252.8257.1

256.7259.4267.4275.2278.7280.8276.6274.9282.9290.8

290.2296.2303.5309.3317.9320 9329.3344.7358 0368.2

389.2

359.4358 8359 5358.5360.1353.7

357.0360.2360 7364.4368.1368.2

367.6368.8372.0367.2371.1370.9

376.6380.9378.7380.2383.6389.2

Interest-bearing public debt

Marketable public issuesby maturity class

Within1 year

54 849.644.649.4

49.447.157.773 962.861.768.675.372 679.9

75.385.987.389.488.593 4

105.2104.4108 6118.1

123.4

110.4100 3103 3101.2111.9103.9

107.4112.6112 6109.6120.1118.1

118.6117.8121.3117.1109.4105.5

110.8109.8108.7111.6120.1123.4

1 to 10years

61 756 155.151.8

50 556 762.250 464 768.658.956.971 083 7

89.584.795.694.2

100.495 687.597.0

103 493.3

104.9

103.4111 5109 2109.197.697.6

97.694.194 1

101.093.393.3

93.396.495.295.2

105.5105.5

105.5109.2109.2109.1104.9104.9

10yearsandover

60 160 057.753.9

52.538.828.730 330.232.932.932.032 024.6

24.225.420.124.023.625.625.425.124 824.4

19.4

24.824 724 724.724.624.6

24.624.524.524.524.424.4

24.421.721.721.721.621.6

21.521.521.521.419.519.4

Nonmarketable public issues

Specialissues'

24 629 031 733 9

33 735 939.141 242.643.945.645.844 843.5

44.343.543.443.746.146.352.057.259.171.0

78.1

59.860.961.162.364.966.8

66.868.468.968.169.371.0

70.171.472.171.873.376.3

76.177.576.775.475.678.1

U.S.sav-ings

bonds 2

49 852 155 156 7

58 057 657.957 757 757.956.352.551 248 2

47.247.547.548.849.750 350.851.752.352.2

52.5

52.352.352 352.252.252.2

52.252.152.152.152.152.2

52.152.152.052.052.052.0

52.052.152.152.252.452.5

For-eignand

inter-na-

tional

0.5.7

1.31.82 41.53.24 44.7

6.5

4.44 54.54.54.44.1

4.14.04.14.74.44.7

4.64.95.24.94.85.6

6.26.36.26.06.76.5

Other

6 77 46 39 3

10 120 919 619 317 712 711.910.49 27 8

6.35.34.63.83.52 92.72.62 62.5

2.4

2.62 62 62.52.52.5

2.52.52.52.52.52.5

2.52.52.52.52.52.5

2.52.52.52.52.52.4

Maturedpublicdebtanddebtbear-ing nointer-

est

1 52 72 22 1

2 42 32 12 33 03 02.42.02 13 1

3.43.54.34.14.44 44.33.52 92.0

1.9

1.82 01 91.91.92.0

1.91.91 92.01.82.0

2.02.02.02.11.91.9

1.92.01.91.02.01.9

1 Issued to U.S. Government accounts. These accounts also held 519.2 billion of public marketable and nonmarket-able issues on December 31, 1970.

2 Includes sales of U.S. savings notes from May 1967 through June 30, 1970.

Source: Treasury Department.

276


TABLE C-68.—Estimated ownership of public debt securities, 1939-70[Par values,* billions of dollars]

End of year ormonth

19391940194119421943 .19441945194619471948 .19491950 _ _1951195219531954 „ __.1955195619571958195919601961196219631964196519661967 . .1968 .196919701969: Jan

FebMarAprMayJuneJulyAug . . .SeptOctNovDec

1970: JanFeb .MarAprMayJuneJulyAugSeptOctNovDec

Total public debt securities *

Total

41.945.057.9

108.2165.9230.6278.1259.1256.9252.8257.1256.7259.4267.4275.2278.7280.8276.6274.9282.9290 8290 2296.2303.5309.3317.9320.9329.3344.7358.0368.2389.2359.4358.8359.5358.5360.1353.7357.0360.2360.7364.4368.1368.2367.6368.8372.0

! 367.2371.1370.9376.6380.9378.7380.2383.6389.2

Held

, b y

Govern-mentac-

counts

6.16.78.5

10.514.519.023.927 430.833.735.936.039.342 945.446.749.051.252.852.151 452 852.553.255.358.459 765.873.176.689.097.177.378.779.079.882.784.885.086.686.986.187.089.088.689.490.490.292.395.294.896.495.594.494.597.1

Heldby

FederalReserveBanks

2.52.22.36 2

11.518.824.323 322.623.318.920.823.824.725.924.924.824.924.226.326.627 428.930.833.637.040.844.349.152.957.262.152.152.352.453.153.854.154.154.954.155.557.357.255.555.855.856.557.357.758.659.960.060.061.262.1

Held by private investors

Total

33.436.247.191.5

139.8192.8230.0208.3203.6195.8202.4199.9196.3199.8203.8207.1207.0200.5197.9204.5212.7210.0214.8219.5220.5222.5220.5219.2222.4228.5222.0229.9230.0227.8228.1225.6223.6214.8217.9218.6219.6222.7223.8222.0223.5223.6225.9220.5221.4218.0223.2224.6223.2225.8227.9229.9

Com-mercialbanks '

12.713.717.138.257.376.790.874.568.762.466.861.861.563.463.769.162.059.559.567.560.362.167.267.164.263.960.757.463.866.056.862.564.461.261.053.956.755.356.355.054.756.056.756.854.653.055.554.553.953.355.153.056.958.959.962.5

Mutualsavingsbanksand in-surance

com-panies

8.49.2

11.015.420.828.034.736.735.932.731.529.626.225.525.124.123.121.220.119.819.418.017.417.516.816.515.614.112.711.610.09.6

11.511.411.311.111.611.010.610.410.210.110.210.010.110.09.99.99.89.79.9

10.110.09.89.79.6

Othercorpo-

rations4

2.02.04.0

10.116.421.422.215.314.114.816.819.720.719.921.519.123.218.717.713.121.418 718.518.618.718.215.814.912.214.213.311.015.416.215.615.015.412.613.314.312.713.914.313.313.913.212.711.912.511.112.011.710.311.110.811.0

Stateandlocal

govern-ments «

0.4.5.7

1.02.14.36.56.37.37.98.18.89.6

11.112.714.415.416.316.616.518.0

18 719 020.121 121.122 924 324.124 425.423.025 225.925.626.226.025.225.325.725.825.425.925.426.126 225.524.725.224.624.224.224.024.123.223.0

Indi-viduals8

9.410.013.023.337.253.164.064.165.765.566.366.364.665.264.863.565.065.964.963.769.466.165.966.068.269.872.174.674.075.880.982.276.977.177.978.178.377.978.478.779.380.080.280.982.182.883.282.783.082.582.982.382.782.382.482.2

Miscel-laneousinves-tors 1

0.5.8

1.33.56.09.3

11.811.411.912.512.913.613.714.716.116.918.318.919.118.924.326.526.930.131.533.033.433.935.736.735.541.636.635.936.636.335.632.933.934.736.837.236.435.536.638.439.136.837.136.839.338.339.539.642.141.6

1 U.S. savings bonds, series A-F and J, and U.S. savings notes are included at current redemption value.1 Not all of total shown is subject to statutory debt limitation.* Includes commercial banks, trust companies, and stock savings banks in the United States and Territories and island

possessions; figures exclude securities held in trust departments. Since the estimates in this table are on the basis of parvalues and include holdings of banks in United States Territories and possessions, they do not agree with the estimatesin Table C-53, which are based on book values and relate only to banks within the United States.

* Exclusive of banks and insurance companies.5 Includes trust, sinking, and investment funds of State and local governments and their agencies, and of Territories

and possessions.* Includes partnerships and personal trust accounts.* Includes savings and loan associations, nonprofit institutions, corporate pension trust funds, dealers and brokers.

Federal oriented agencies not included in Government accounts, and investments of foreign balances and internationalaccounts in this country. Beginning with December 1946, the international accounts include investments by the InternationalBank for Reconstruction and Development, the International Monetary Fund, the International Development Association,the Inter-American Development Bank, and various United Nations' funds, in special non-interest-bearing notes andbonds issued by the U.S. Government.

Source: Treasury Department.277


TABLE C-69.—Average length and maturity distribution of marketable interest-bearingpublic debt, 1946-10

End of year or monthAmount

out-standing

Maturity class

Within1 year

I t o 5years

5 to 10years

10 to 20years

20 yearsand over

Average length

Fiscal year:1946194719481949—.

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

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

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

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

1970..

1969: Jan..Feb..Mar..Apr..May..June-July..Aug...Sept..Oct...Nov..D e c .

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

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

Millions of dollars Years

189,606168,702160,346155.147

155,310137,917140,407147,335150,354

155,206154,953155,705166,675178,027

183,845187.148196,072203,508206,489

208,695209,127210,672226,592226,107

232,599

238,543236,535237,272234,968234,097226,107

229,581231,230231,203235,029237,919235,863

236,321235,968238,195233,998236,561232,599

237,821240,511239,330242,180244,447247,713

61,97451,21148,74248,130

42,33843,90846,36765,27062,734

49,70358,71471,95267,78272,958

70,46781,12088,44285,29481,424

87,63789,13689,648106,407103,910

105, 530

110,377100,282103,342101,159111,855103,910

107,416112,618112,616109,550120,144118,124

118,633117,796121,272117,148109,432105, 530

110,813109,830108,671111,636120,125123,423

24,76321,85121,63032,562

51,29246,52647,81436,16129,866

39,10734,40140,66942, 55758,304

72,84458,40057,04158,02665,453

56,19860,93371,42464,47062,770

89,615

68,26075,77873,49473,40762,76962,770

62,76369,51969,52274,76273,30573,302

73,29477,10475,88975, 85589,63189,615

89,61491, 07591,06690,99282,30282,318

41,80735,56232,26416,746

7,7928,70713,93315,65127,515

34,25328,90812,32821,47617,052

20,24626,43526,04937,38534,929

39,16933,59624,37830,75434,837

15,882

35,12935,72735,72635,72634,83734,837

34,83724,55324,55326,24720,02620,026

20,02619,32919,32919,32915,87915,882

15,87618,12218,14018,13822,55522,553

17,46118, 59716,22922,821

28,03529,97925,70028,66228,634

28,61328, 57826,40727,65221,625

12,63010,2339,3198,3608,355

8,4498,4398,4258,4078,374

10,524

8,3958,3948,3908,3868,3798,374

8,3728,3708,3678,3638,3608,358

8,35410,55710,55110, 54210, 53410,524

10,51410, 50710, 50110,4938,5668,556

43, 59941,48141,48134,888

25,8538,7976,5941,5921,606

3,5304,3514,3497,2088,088

7,65810,96015,22114,44416,328

17,24117,02316,79716,55316,217

11,048

16,38216,35416,32016,29116,25716,217

16,19416,17016,14516,10716,08316,054

16,01411,18211,15511,12411,08511,048

11,00410,97810,95110,92210,90010,863

Months

1529

27846

104937

461110

11720

1101111110

111010988

776688

676564

Note.—All issues classified to final maturity except partially tax-exempt bonds, which were classified to earliest calldate (the last of these bonds were called on August 14,1962, for redemption on December 15,1962).

Source: Treasury Department.

278


TABLE C-70.—Receipts and expenditures of the government sector of the national income and productaccounts, 1929-70


Calendar year or quarter

1929....

1930 ...1931....1932....1933 ...1934....1935....1936 ...1937....1938....1939....

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

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

1960...1961...1962...1963...1964...1965....1966..1967...1968...1969....1970 P.

1968:II..III.IV..

1969: I.

III.IV.

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

Total government

Re-ceipts

11.310.89.58.99.3

10.511.412.915.415.015.4

17.725.032.649.251.253.250.956.858.956.0

68.784.889.894.389.7

100.4109.0115.6114.7128.9139.8144.6157.0168.8174.1189.1213.3228.9263.3298.7303.4

Ex-pendi-tures

10.311.112.410.610.712.913.416.115.016.817.618.428.864.093.3

103.092.745.542.450.359.160.879.093.7

101.296.797.6

104.1114.9127.2131.0136.1149.0159.9166.9175.4186.9212.3242.9270.7290.1

313.0

Sur-plus ordeficit(-),

nationalincome

andprod-

uct ac-counts

1.0- . 3

- 2 . 9- 1 . 8- 1 . 4- 2 . 4- 2 . 0- 3 . 1

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

- 3 . 8-31 .4-44.1-51.8-39.5

5.414.48.5

- 3 . 27.85.8

- 3 . 8- 6 . 9- 7 . 0

2.74.9.7

-12.5- 2 . 1

3.7-4.3-2.9

1.8- 1 . 4

2.21.1

-13.9- 7 . 3

8.7- 9 . 6

Federal Government

Re-ceipts

3.8

3.02.01.72.73.54.05.07.06.56.7

8.615.422.939.341.042.539.143.243.338.949.964.067.270.063.872.177.681.678.789.796.598.3

106.4114.5115.0124.7142.5151.2175.4200.6

195.4

Ex-pendi-tures

2.62.84.23.24.06.46.58.77.48.68.9

10.020.556.185.895.584.635.629.834.941.340.857.871.077.069.768.171.979.688.991.093.0

102.1110.3113.9118.1123.5142.8163.6181.6191.3206.2

Sur-plus ordeficit

nation aincome

andprod-

uct ac-counts

1.2.3

-2 .1- 1 . 5- 1 . 3- 2 . 9- 2 . 6- 3 . 6- . 4

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

-33.1-46.6-54.5-42.1

3.513.48.4

- 2 . 49.16.2

- 3 . 8- 7 . 0- 5 . 9

4.05.72.1

-10.2- 1 . 2

3.5- 3 . 8- 3 . 8

.7- 3 . 0

1.2- . 2

-12 .4- 6 . 2

9.3-10.8

State and localgovernment

Re-ceipts

7.6

7.87.77.37.28.69.18.69.19.39.6

10.010.410.610.911.1ll.fi12.915.317.619.321.123.325.227.228.831.434.738.241.646.049.953.658.663.469.575.585.293.5

106.3118.3132.4

Ex-pendi-tures

7.88.48.57.67.28.18.68.18.49.09.6

9.39.18.88.48.59.0

11.014.317.420.022.323.725.327.029.932.735.639.544.046.849.654.157.662.267.874.583.995.1

107.4118.9

131.2


249.7257.0269.4277.2

291.2299.2300.4304.1

300.2303.6304.2

260.5268.2273.9280.1

283.5287.4292.3297.0

301.5314.5315.3320.6

-10.8-11.2- 4 . 5- 2 . 9

7.711.88.17.1

- 1 . 3-10 .9-11.2

165.3170.0180.1186.2

197.2202.5200.8202.0

195.9196.7194.9

174.5180.5184.2187.2

187.7189.1192.5195.9

197.7210.9206.7209.5

- 9 . 2-10.5- 4 . 1- 1 . 1

9.513.48.36.1

- 1 . 7-14.2-11.8

102.1105.3107.9110.0

113.3116.3119.6123.9

127.3132.0133.7

103.7106.0108.3111.9

115.1117.9119.8122.9

126.8128.7133.0136.3

Sur-plus ordeficit(-),

nationalincome

andprod-

uct ac-counts

-0.2- . 6- . 8- . 3- . 1

.5

.6

.5

.7

.40).6

1.31.82.52.72.61.91.0

. 1- . 7

- 1 . 2- . 4

.1- 1 . 1- 1 . 3

- . 9- 1 . 4- 2 . 3

- . 8.2

- . 5.9

1.21.71.01.3

- 1 . 6- 1 . 1- . 61.2

- 1 . 61

- . 4- 1 . 9

- 1 . 8- 1 . 5- . 31.0

.53.4.7

1 Surplus of $32 million.2 Deficit of $41 million.

Note.—Federal grants-in-aid to State and local governments are reflected in Federal expenditures and State and localreceipts and expenditures. Total government receipts and expenditures have been adjusted to eliminate this duplication.


279


T A B L E C-71.—Receipts and expenditures of the State and local government sector of the nationalincome and product accounts, 1946-70


Calendaryear orquarter

1946194719481949

1950.. . .19511952. .19531954

19551956 . .1957...19581959

I9601961196219631964 . . .

196519661967 . . . .19681969

1970P

1968: 1IIIIIIV

1969: 1IIIIIIV

1970: 1

III... .

Receipts

Total

12.915.317.619.3

21.123.325.227.228.8

31.434.738.241.646.0

49.953.658.663.469.5

75.585.293.5

106.3118.3

132.4

Per-sonaltaxand

nontaxreceipts

1.51.82.12.4

2.62.93.13.43.7

4.14.75.25.66.3

7.37 78.79.4

10.8

11.813.715.518,321.4

24.6

Cor-porateprofits

taxaccruals

0.5.6.7.6

.8

.9

.8

.8

.8

1.01.0

00?

3

1 4I 7i q

2.12.22.43.13.5

3.2

Indirectbusi-nesstaxand

nontaxaccruals

9.310.612.113.3

14.515.817.318.719.7

21.423.625.527.028.9

31.734.136.939.442.3

45.949.954.160.166.1

72.4

Contri-butions

forsocialinsur-ance

0.5.6.7.8

1.01.21.31.51.7

1.82.02.32.52.7

3.03.23.53.84.1

4.55.05.76.47.1

7.8

Fed-eral

grants-in-aid

1.11.72.02.2

2.32 52.62.82.9

3.13.34.25.66.8

6.57.28.09.1

10.4

11.114.415.818.420.2

24.4

Expenditures

Total

11.014.317.420.0

22.323 725.327.029.9

32.735.639.544.046.8

49.654.157.662.267.8

74.583.995.1

107.4118.9

131.2

Pur-chases

ofgoodsand

serv-ices

9.812.615.017.7

19.521 522.924.627.4

30.133.036.640.643.3

46.150.253.758.263.5

70.179.089.4

100.7110.8

120.8

Trans-fer

pay-ments

toper-sons

1.72.32.92.9

3.53 03 23.33.4

3.73.84.24.64.8

5.15.55.76.06.5

6.9118.7

10.011.5

13.9

Netinterest

paid

0.3.3.3

.333

'.4

5.5.5.67

.7

.8

.8

.8

.7

.5

.3

.2

.2

.1

.3

Less:Currentsurplusof gov-

ern-mententer-prises

0.7.8.8.9

.91 i1 l1.21.4

1.61.71.81.82.0

2.22.32.62.82.9

3.03.13.23.43.6

3.8

Surplusor

deficit

nationalincome

andprod-

uct ac-counts

1.91.0.1

- . 7

- 1 . 2— 4

.1- 1 . 1

- 1 3- . 9

- 1 . 4- 2 . 3- . 8

.2- . 5

7

n3

.61

- . 6

1.2


102.1105.3107.9110.0

113.3116.3119.6123.9

127.3132.0133.7

17.218.018.619.3

20.020.821.923.0

23.624.224.925.7

3.13.13.13.2

3.63.63.43.3

3.23.23.3

58.059.561.061.9

63.665.367.168.4

70.071.773.274.6

6.26.36.56.7

6.87.07.27.4

7.57.77.98.1

17.718.318.619.0

19.319.620.021.8

23.025.124.425.2

103.7106.0108.3111.9

115.1117.9119.8122.9

126.8128.7133.0136.3

97.299.4

101.4104.7

107.5110.1111.6114.2

117.4118.7122.4124.8

9.69.8

10.210.5

11.011.211.712.2

12.913.514.115.1

0.2.2.1.1

.1

.1

.2

.2

.2

.3

.3

.3

3.33.43.43.5

3.53.63.63.7

3.73.83.83.9

- 1 . 6- . 7- . 4

- 1 . 9

- 1 . 8- 1 . 5- . 31.0

.53.4.7

i Deficit of $41 mi'lion.Source: Department of Commerce, Office of Business Economics.

280


T A B L E C—72.—State and local government revenues and expenditures, selected fiscal years, 1927-69


Fiscal year»

General revenues by source2

TotalProp-erty

taxes

Salesand

grossre-

ceiptstaxes

Indi-vidualincometaxes

Corpo-ration

netincometaxes

Reve-nue

fromFederaGovern

ment

Allotherreve-nues3

General expenditures by function 2

Total Edu-cation

High-ways

Publicwel-fare

Allother*

1927..

1932..1934..1936..1938..

1940-1942..1944..1946..1948..

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

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

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

1962-63'1963-64 51964-65*

1965-66*1966-67* . . . .1967-68 5 . . . .1968-69 5

7,271

7,2677,6788,3959,228

9,60910,41810,90812,35617,250

20,91125,18127,30729,012

31,07334,66738,16441,21945,306

50,50554,03758,25262,890

62,26968,44374,000

83,03691,197101,264114,550

4,730

4,4874,0764,0934,440

4,4304,5374,6044,9866,126

7,3498,6529,3759,967

10,73511,74912,86414,04714,983

16,40518,00219,05420,089

19,83321,24122,583

24,67026,04727,74730,673

470

7521,0081,4841,794

1,9822,3512,2892,9864,442

5,1546,3576,9277,276

7,6438,6919,4679,829

10,43"

11,84912,46313,49414,456

14,44615,76217,118

19,08520,53022,91126, 519

70

748C153218

22427634242;543

788998

1,0651,127

1,2371,5381,7541,7591,994

2,4632,6133,0373,269

3,26;3,794,090

4,76'5,8267,3088,908

92

7949113165

156272451447592

593846817778

744890984

1,0181,001

1,1801,2661,3081,505

1,5051,6951,929

2,0382,222,5183,180

116

2321,016948800

945858954855

1,861

2,4862,5662,8702,966

3,1313,3353,8434,8656,377

6,9747,1317,8718,722

8,66310,00211,029

1,793

1,6431,4491,6041,811

1,8722,1232,2692,6613,685

4,5415,7636; 2526,897

7,5848,4659,2509,699

10,516

11,63412,56313,48914,850

14,55615,95117,250

7,210

7,7657,1817,6448, 757

9,2299,1908,86311,02817,684

22,78726,09827,91030,701

33,72436,71140,37544,85148, 887

51,87656,20160,20664,816

63,97769,30274,546

13,214 19,26915,370 21,19717,181 23,598102;19,153 26, I P

82,84393,35002,411116,727

2,235

2,3111,8312,1772,491

2,6382,5862,7933,3565,379

7,1778,3189,39010,557

11,90713,22014,13415,91917,283

18,71920,57422,21623,776

23,72926,28628,563

33,28737,91941,15847,238

1,809

1,7411,5091,4251,650

1,5731,4901,2001,6723,036

3,8034,6504,9875,527

6,4526,9537,8168,5679,592

9,4289,84410,35711,136

11,15011,66412,221

12,77013,93214,48115,417

151

444889827

1,069

1,1561,2251,1331,4092,099

2,9402,7882,9143,060

3,1683,1393,4853,8184,136

4,4044,7205,0845,481

5,4205,7666,315

6,75;8,2189,85712,110

3,015

3,2692,9523,2153,547

3,8623,8893,7374,5917,170

8,86710,34210,61911,557

12,19713,39914,94016,54717,876

19,32521,06322,54924,423

23,67825,58627,447

30,02933,28136,91541,962

i Fiscal years not the same for all governments. See footnote 5.* Excludes revenues or expenditures of publicly owned utilities and liquor stores, and of insurance-trust activities.

Intergovernmental receipts and payments between State and local governments are also excluded.»Includes licenses and other taxes and charges and miscellaneous revenues.* Includes expenditures for health, hospitals, police, local fire protection, natural resources, sanitation, housing and

urban renewal, local parks and recreation, general control, financial administration, interest on general debt, and un-allocable expenditures.

* Data for fiscal year ending in the 12-month period through June 30. Data for 1963 and earlier years include local govern-ment amounts grouped in terms of fiscal years ended during the particular calendar year.

Note.—Data are not available for intervening years.See Table C-62 for net debt of State and local governments.


28 l


CORPORATE PROFITS AND FINANCETABLE G-73.—Profits before and after taxes, all private corporations, 1929-70


Year orquarter

192919301931193219331934193519361937193819391940194119421943194419451946 . . . .19471948194919501951195219531954...195519561957195819591960196119621963196419651966 . . .1967196819691970 P . . . .

1968: 1II .IIIIV

1969: 1.IIIIIIV . . . .

1970: 1IIIIIIV p .

Corporate profits (before taxes)inventory valuation adjustment

Allin-

dus-tries

10.57.02.0

- 1 . 3- 1 . 2

1 73.45.66.84.96.39 8

15.220.324.423.819.219.325 633.030.837.742.739 939.638.046.946.145 641.151.749.950 355.758 966.376 182 478 785.485.877.4

Manufacturing

Total

5.23.91.3

- . 5- . 41 l2.13.23.82.33.35 59.5

11.813.813.29 79.0

13 617.616.220.924.621 622.019.926.024.724 019.326.324 423 326.628 832.739 342 638 742.441.834.1

Dur-able

goodsin-

dus-tries

2.61.5.0

- 1 . 0- . 4

.3

.91.71.7.8

1.73.16.47.28.17.44.52.45.87.58.1

12.013.211.711.910.514.312.813 39.3

13.612.01-1.414.115 817.822.824.020.723.322.415.6

Non-dur-able

goodsin-

dus-tries

2.62.41.3.5.0.8

1.11.52.11.61.72.43.14.65.75.95.26.67.8

10.08.18.9

11.49.9

10.19.4

11.811.910.710.012.712.411.912.513 014.916.618.618.019.119.318.5

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

andpubHc

utilities

1.81.2.5.2.0

.4

.7

.8

.51.01.32.03.44.43.92.71.82.23.03.04.04.64.95.04.75.65.95.85.97.07.57.98.59.5

10.111.111.910.811.010.79.1

and

Allother

in-dus-tries

3.41.9

-.9- . 8

3.9

1.72.22.12.03 03 75.16.26.76 78.59 9

12.511.612.713.513.312.613.415.215.615 815.918.417.919 120.520 623.525 627.929.132.133.434.2

Cor-po-rateprof-itsbe-fore

taxes

10.03.7

l'.O2 33.66.36.84.07.0

10 017.721.525.124.119 724.631 535.228.942.643.938.940.638.348.648.847.241.452.149.750 355.459.466.877.884.279.888.791.282.3

Cor-po-ratetaxlia-bil-ity i

1.4.8.5.4.5

1.01.41.51.01.42.87.6

11.414.112.910.79.1

11.312.510.417.822.319.420.317.721.621.721.219.023.723.023.124.226.328.331.334.333.240.642.737.9

Corporate profitsafter taxes

Total

8.62.9

- . 9- 2 . 7

.41.62.64.95.32.95.67.2

10.110.111.111.29.0

15.520.222.718.524.921.619.620.420.627.027.226.022.328.526.727.231.233.138.446.549.946.648.248.544.4

Divi-dends

5.85.54.12.52.02 62.84.54.73.23.84 04.44.34.44.64.65.66.37.07.28.88.68.68.99.3

10.511.311.711.612.613.413.815.216.517.819.820.821.423.324.725.2

Un-dis-trib-utedprof-its

2.8- 2 . 6- 4 . 9- 5 . 2- 1 . 6- 1 0- . 2

'.6- . 21.83 25 75.96.66.54 49.9

13 915.611.316.013.011.011.511.316.515.914 210.815.913.213 516.016 620.626.729.125.324.923.919.2

Corpo-rate

capitalcon-

sump-tion

allow-ances 2

4.24.34.34.03.83.63.63.63.63.73.7

3.84.25.05.46.16.44.75.87.07.98.8

10.311.513.215.017.418.920.822.023.524.926.230.131.833.936.439.543.046.549.853.5

Profitsplus

capitalcon-

sump-tion

allow-ances '

12.87.23.51.34.25.26.38.58.96.69.3

11 014 415.216.417.215 420.226 029.726.533.731.831.033.535.544.446.146 844.352.051.653 561.364 872.382 989.589.694.798.397.9


81.386.087.487.187.187.486.882.076.777.578.4

40.142.842.943.743.442.941.839.135.235.534.7

21.523.923.624.424.023.022.720.016.917.216.3

18.618.919.419.219.419.919.119.018.318.218.3

11.11L011.210.711.010. a10.610.3

8.69.1

30.132.233.332.632.733.734.432.632.433.434.6

86.788.688.491.393.093.489.988.582.682.084.4

39.840.440.441.743.543.842.141.438.038.138.9

46.948.348.049.649.549.747.947.144.643.945.4

22.323.123.824.124.124.425.025.225.225.125.425.1

24.725.224.225.525.525.222.921.919.418.820.0

45.346.446.947.448.549.3

•50.151.052.053.054.055.0

92.394.694.897.098.199.098.098.196.696.999.4

1 Federal and State corporate income and excess profits taxes.> Includes depreciation and accidental damages.* Corporate profits after taxes phis corporate capital consumption allowances.


282


TABLE Q-74.—Saless profits, and stockholders1 equity, all manufacturing corporations (exceptnewspapers1), 1917-70

Year orquarter

1947..1948-1949.

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

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

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

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

All manufacturingcorporations



Sales(net)

1968: IIIIII....IV....

1969: P . . . .I I - . .lll..._IV....

1970: I

150.7165.6154.9

181.9245.0250.2265.9248.5

278.4307.3320.0305.3338.0

345.7356.4389.9412.7443.1

492.2554.2575.4631.9694.6

148.9158.9155.7168.4

162.8176.1172.4183.3

170.4181.3176.7

Profits

BeforeFederalincometaxes

16.618.414.4

23.227.422.924.420.9

28.629.828.222.729.7

27.527.531.934.939.6

46.551.847.855.458.1

12.514.813.214.9

14.115.813.914.4

12.113.711.7

After:ederalncometaxes

10.111.59.0

12.911.910.711.311.2

15.116.215.412.716.3

15.215.317.719.523.2

27.530.929.032.133.2

7.48.37.68.7

7.98.98.08.4

6.98.07.0

Stock-holders'equity 2

Nondurable goodsindustries

281.5288.0293.0297.1

300.9306.0309.5

Stock-olders'equity -

31.134.137.0

39.947.249.852.454.9

58.865.270.572.877.9

82.384.989.193.398.5

105.4115.2125.0135.6147.6

130.9134.1137.2140.4

143.4146.8148.9151.1

152.2155.1156.6

Sales(net)

84.190.484.6

95.1128.1128.0128.0125.7

136.3147.8154.1156.7168.5

171.8181.2194.4203.6216.8

235.2262.4274.8296.4328.1

70.172.974.878.6

76.881.982.786.8

83.286.087.0

Profits

BeforeFederalincometaxes

9.09.57.0

10.312.110.010.49.6

12.113.212.411.313.9

13.513.915.116.418.3

20.322.622.024.826.6

5.86.26.46.3

6.36.96.86.6

6.26.46.4

AfterFederalincometaxes

5.66.24.6

6.15.75.25.55.6

7.07.87.56.98.3

8.28.59.2

10.011.6

13.014.614.415.516.4

3.73.84.04.1

3.84.24.24.2

3.74.04.0

Stock-holders'equity 2

34.038.140.6

43.551.153.955.758.2

61.366.470.674.679.2

83.187.792.396.3

101.3

106.3115.1122.6130.3142.3

127.7129.4131.2132.9

138.0141.2144.1146.0

148.7151.0152.9

iIncludes newspapers beginning 1969.2 Annual data are average equity for the year (using four end-of-quarter figures).

Note.—For explanatory notes concerning compilation of the series, see "Quarterly Financial Report for ManufacturingCorporations," Federal Trade Commission and Securities and Exchange Commission.

Data are not necessarily comparable from one period to another due to changes in accounting procedures, industryclassifications, sampling procedures, etc. Specific information about the effects of the more significant changes and re-visions is contained in the following issues of the "Quarterly Financial Report": third quarter 1953, third quarter 1956,first quarter 1959, and first quarter 1965.

Sources: Federal Trade Commission and Securities and Exchange Commission.

283


TABLE C—75.—Relation of profits after taxes to stockholders* equity and to sales, all manufac-turing corporations (except newspapers*), by industry group, 1949-70

Year orquarter

194919501951195219531954. . .19551956195719581959

19601961 .196219631964196519661967 . .1968 .1969 i

1969: MIII I I —IV

1970: 1IIIII

1949

19501951 .1952195319541955 . . .195619571958 .1 9 5 9 . . . . . .

I9601961196219631964 . . . .19651966196719681969 1

1969: MIIIllIV

1970: 1IIIll

Allman-ufac-tur-ingcor-

pora-tions(ex-cept

news-pa P-ersi)

Totaldur-

able 2

Mo-tor

vehi-clesand

equip-ment

Air-craftand

parts

Elec-tricalma-

chin-ery,

equip-ment,andsup-plies

I

Maivia-

rhincnin-ery

(ex-ceptelec-trical)


Fab-ri-

catedmetalprod-ucts

Pri-maryironandsteelin-

dus-tries

p . ;rTI-

marynon-forier-rousmetal

dus-tries

Stone,clay,and

glassprod-ucts

Furr H i -

fi itu reandfjyTlA"

Lum-berand

woodprod-ucts(ex-cept

furni-ture)

In-stru-mentsandre-

latedprod-ucts

Mis-cella-neousman-ufac-tur-ing(in-

clud-ing

ord-nance)

Ratio of profits after Federal income taxes (annual rate) to stockholders' equity—percent 3

11.615.412.110.310.59.9

12.612.310.98.6

10.4

9.28.99.8

10.311.613.013.411.712.111.5

11.312.410.911.39 2

10.49.0

5.8

7.14.84.34.34.55.45.34.84.24.8

4.44.34.54.75.25.65.65.05.14.8

4.95.14.64.64.04.43.9

12.1

16.913.011.111.110.313.812.811.38.0

10.4

8 58.19.6

10.111.713.814.211.712.211.4

11.412.910.311.18 3

10.37.5

6.4

7.75.34.54.24.65.75.24.83.94.8

4.03.94.44.55.15.75.64.84.94.6

4.85.04.34.43.64.23.3

22.1

25.314.313.913.914.121.713.114.28.2

14.5

13 511.416.316.716 919.515 911.715.112.6

15.414.57.2

13.49 1

12.51.0

7.98.34.74.73.95.16.95.25 44.06.3

5.95.56.96.97.07.26.24.95.74.75.65.23.14.83.84.6.5

17.713.28.1

7.39.8

12.711.312.215.214.412.914.210.6

12.111.09.79.57 87.56.1

13.620.914.013.713.412.412.311.412.510.212.5

9.58.9

10.010.111.213.514 812.812.211.1

11.211.311.210.77 79.98.5

11.614.113.011.39.88.6

10.312.610 76 99.7

7 57.89.19 6

12 514.115 012.912.312.2

11.214.611.711.49 7

11.39.5

10.416.013.410.19.87.6

10.010.79.37.38.0

5.65.97.98.3

10.113.214.712.711.711.3

10.812.511.110.78 8

10.49.1

10.0

14.312.38.5

10.78.1

13.512.711.47.28.0

7.26.15.47.08.89.8

10.27.77.67.6

7.48.76.18.35 35.33.8

8.1

15.113.811 611.110.415.516.49 36 07.9

7.17.17.57.69.8

11.914 810.910 812.2

11.312.911.513.012 713.29.1

13.1

17.714.211 711.812.515 614.912 410* 212.7

9 98 98.98 79 6

10.39 98*29 29.2

4.911.912.27.91 59.39.8

8.1

15.211.38.68.26.09 2

11.68 56.38.9

6 54.97.98 3

10 113.414 212.112 212.6

11.013.413.512.67 07.69.2

Profits after Federal income taxes per dollar of sales—cents

2 92.41.61.41.82.42.32,63.33.02.73.23.0

3.53.33.02.52.32.11.9

5.7

7.25.04.54.14.54.43.84 23.84.4

3.53.53.73.84.24.84. &4.44.33.9

4.03.94.03.62.93.63.2

6.4

7.35.54.84.24.45.15.44 83 74.8

3.94.14.54.75.86.26.45.75.55.4

5.26.15.35.14.65.04.5

5.1

6.85.04.03.63.13.84.03 63.13.2

2.42.53.13.23.74.54.94.54.13.8

3.84.13.63.53.33.63.2

6.57.95.84.75.35.37 26.76 65.45.45.14.63.94.85.65.75.84.84.64.4

4.54.83.64.73.03.02.2

6.910.27 86.76.36.68 39.36 64.75.8

5.45.35.55.36.57.38.26.86.26.6

6.46.86.26.97.17.35.4

8.610.17.16.66.57.48 68.27 56.87.9

6.65.85.65.35.65.95.64.85.24.7

2.95.75.94.0.9

4.74.6

3.35.13.42.72.62.12.93.42 62.02.72.11.62.32.42.93.73.93.53.43.5

3.13.63.83.52.22.42.9

9.117.511.98.57.16.3

11.18.74.75.79.4

3 64.15.68 29.9

10.110.08.6

14.613.0

17.118.98.68.05 17.17.1

5.99.45.54.13.53.45.43.92 32.84.2

1.71.92.53.33.94.03.83.45.34.8

6.36.63.23.12.32.92.8

12.1

16.713.211 611.412.312.512.412 010.613.1

11 610.612.012 114.417.520 918.016.615.6

13.816.015.716.812 713.914.8

7.1

8.66.14.84.65.56.05.85 75.46.5

5.95.45.96.07.28.69.58.58.17.8

7.37.88.17.96.97.27.6

7.2

12.39.77.08.27.58.5

11.67.78.29.3

9 29.99.48.*9.5

10.715.413.112.411.6

11.510.511.513.07 2

10.310.7

3.6

5.63.72.72.92.83.13.62.53.(3.5

3.53.63J3.33.63.84.94.24.03.8

4.13.53.83.82.63.53.6


284


TABLE G—75.—Relation of profits after taxes to stockholders' equity and to sales, all manufac-turing corporations (except newspapers1), by industry group, 1949-70—Continued

Year orquarter

19491950195119521953 -1954.1 9 5 5 . . . . . . .1956. .1957195819591960 .1961.19621963 . .196419651966. . .19671968196911969: 1 i.._.

l l . . . _I I I . . .IV... _

1970: 1II —_I I I . . .

194919501 9 5 1 . . . . . . . .1 9 5 2 . . . : . . .195319541955 IJ.-l195619571958 . . .19591960 _ .19611952 . . .19631964. . . .19651966 . . .1 9 6 7 . . - — .1968196911969: 11--._.

I I . . . .I I I . . .IV_.__

W O : 1IL._in

Nondurable goods industries

Totalnon-dur-

able a

Foodandkin-dredprod-ucts

To-baccoman-ufac-tures

Tex-tilemil!

prod-ucts

Ap-pareland

relatedprod-ucts

Paperand

alliedprod-ucts

Print-ingandpub-lish-ing

(ex-cept

news-pa-

pers i)

Chem-icalsand

alliedprod-ucts

Petro-leumrefin-ing

Rub-berandmis-

cella-neousplasticprod-ucts

Leatherand

leatherprod-ucts

Ratio of profits after Federal income taxes (annual rate) to stockholders' equity—percenta

11.214.111.29.79.99.6

11.411.810.69.2

10.49.89.69.9

10.411.512.212.711.811.911.5

11.111.911.511.410.010.510.5

5.46.54..54.14.34.4

." ;5.15.34.94.44.94.84.74.74.95.45.55.65.35 25.05.05.15.04.84.54.64.6

11.812.38.17 68.18.18.99.38.78.79.38.78.98.89.0

10.010 711.210.810.810.99.6

10.711.911.210.010.411.8

3 33.42.01.92.02.12.32.42.22.22.42.32.32.32.42.72 72.72.62 62.62.42.62.82.52.42.42.7

12.611.59.58 49.4

10.211.411.712.513.513 413 413.613 113.413.413 514.114.414 414 512.114.815.615.113.715.017.4

7.612.78.24 24.61.85.75.84.23.57.55.85.06.26.18.5

10 910.17.68.87.97.28.87.77.85.44.85.4

7.510.12.94 45.14.56.18.16.34.98.67.77.29 37.7

11.712 713,312.013 011 910.311.41-5.910.18.37.2

14.4

10 716 213.910 510 19.9

11.511 68.98.19 58.57.98 18.19.39 4

10.69.19 7

10 19.8

11.19.69.98.38.26.2

11.411 510.39 19.49.2

10.213 011.79.0

11.410 68.5

10 39.2

12.614 215.613.012 512 610.813.112.414.19.2

12.711.2

13 217.812.210 910.711.614.714.213.311.413 712 211.812 412.914.415 215.113.113 312 812.913.812.412.011.912.211.2

15.213 313 412.713.413.912.510.09.8

10.110.310 111.311.411 812.412.512.311.712.011.911.411.610.510.810.7

Profits after Federal income taxes per dollar of sales—cents

5 14 93.83.23.74.24.85.05.25.45.45.55.75.75.95.95 95.95.95 55.24.65.25.65.25.45.46.2

4 15.83.41.92.21.02.62.61.91.63.02.52.12.42.33.13.83.62.93.12.92.73.22.82.72.11.82.0

2 12 8.6

1.01.21.11.31.61.31.01.51.41.31.61.4?. 12 32.42.32 42.32.22.23.01.91.71.52.9

6 58 86.65.75.45.66.16.15.04.75.25.04.74.64.55.14 95.44.74 74.84.75.24.74.64.23.93.1

4 54.53.73.33.43.43.64.23.73.14.03.62.83.43.24.34.85.14.44.14.74.14.94.74.93.64.94.2

8 210.36.56.16.16.88.38.07.67.07.97.57.37.47.57.97.97.86.96.86.56.76.86.36.16.26.15.9

11.110.110.410.611.111.610.69.59.59.9

10.39.7

10.810.911.111.211.010.710.110.610.210.09.89.19.39.2

8.716.914.811 111.310.613.212.211.19.1

11.09.19.39.69.2

10.611.712.210.312.310.39.6

11.99.5

10.47.78.57.4

3.85.84.53.63.84.Q4.44.44.23.54.03.63.83.73.64.14.34.43.94.53.83.74.13.53.73.03.12.9

6 210 92.15 86.05.98.57.27.05.78.56.34.46.96.9

10.511.612.911.913.09.38.68.09.4

11.09.09.1

10.5

2.23.7

.61.81.81.92.52.12.01.72.21.61.11.81.82.62.83.03.03.32.62.42.32.63.02.52.62.7

Mncludes newspapers beginning 1969.Mncludes certain industries not shown separately.3 Annual ratios based on average equity for the year (using four end-of-quarter figures). Quarterly ratios based on equity

at end of quarter only.Note.—For explanatory notes concerning compilation of the series, see "Quarterly Financial Report for Manufacturing

Corporations," Federal Trade Commission and Securities and Exchange Commission. See also Note, Table C-74.

Sources: Federal Trade Commission and Securities and Exchange Commission.

285


T A B L E C-76.—Sources and uses of funds, nonfarm nonfinancial corporate business y 1959—69


Source or use of funds

Sources, total

Internal sources *

Undistributed profits1 _Corporate inventory valuation ad-

justmentCapital consumption allowances'.

External sources

StocksBondsMortgagesBank loans neeOther loansTrade debtProfits tax liabilityOther liabilities

Uses, total

Purchases of physical assets

Nonresidential fixed investment-Residential structuresChange in business inventories..

Increase in financial assets

Liquid assets .Demand deposits and cur-

rencyTime depositsU.S. Government securitiesOpen-market paperState and local obligations

Consumer creditTrade creditOther financial assets

Discrepancy (sources less uses)

1959

57.9

35.0

12.6

- . 522.9

22.9

2.23.03.03.5

- . 35.52.43.6

53.1

36.9

31.11.74.1

16.2

5.6

- 1 . 04

6! 6- . 2

.7

.87.72.0

4.8

1960

48.1

34.4

10.0

.224.2

13.7

1.63.52.51.91.9.6

- 2 . 24.0

43.7

39.0

34.91.13.0

4.7

- 3 . 2

- . 51.3

- 5 . 41.7

- . 2

.45.32.2

4.3

1961

56.6

35.6

10.2

- . 125.4

21.0

2.54.63.9

5.41.41.7

52.2

36.7

33.21.91.5

15.6

3.7

1.71.9

- . 2.4.0

.29.52.1

4.3

1962

64.9

41.8

12.4

.329.2

23.1

.64.64.53.0

.04.6

.65.2

60.0

44.0

37.02.34.7

16.0

3.5

- . 93.7

.5

.6- . 3

.78.53.2

5.0

1963

67.1

43.9

13.6

- . 530.8

23.2

- . 33.94.93.7

.25.31.93.7

63.2

45.6

38.62.64.3

17.7

4.7

- . 83.9.5.9.2

1.08.13.9

3.8

1964

71.8

50.5

18.3

- . 532.8

21.3

1.44.03.63.8

.93.6

.53.5

64.9

52.1

44.12.15.9

12.8

1.2

- 2 . 33.2

- 1 . 51.6.2

1.38.12.2

6.9

1965

93.1

56.6

23.1

- 1 . 735.2

36.5

.05.43.9

10.6.6

9.12.24.6

85.8

62.8

52.82.07.9

23.1

1.7

- 1 . 53.9

- 1 . 6.5.5

1.215.15.1

7.2

1966

100.6

61.2

24.7

- 1 . 838.2

39.4

1.210.24.28.41 47.3

6! 5

92.5

77.1

61.61.1

14.4

15.5

1.9

7- . 7

- 1 . 22.01.0

1.211.3

1.0

8.0

1967

94.4

61.5

21.1

- 1 . 141.5

33.0

2.314.74.56.41 42.6

- 4 . 15.2

85.5

72.0

62.52 37.3

13.5

.0

- 2 24.1

- 3 . 11.5

- . 4

.98.83.8

9.0

1968

109.8

62.5

20.9

—3.344.9

47 3

g12! 95.89.63 65.73.76.9

103.5

76.9

67.52 47.0

26.6

10.1

1 32.21.84.5

.4

1.714.8

.1

6.3

1969

118 4

62.5

19.9

—5 448.0

56 0

4.312.14.3

10.96 2

10.98

6.5

111.2

87.0

76.92 97.2

24.2

2.3

5- 7 . 8—1 4

8.72.3

1.317.33.4

7.2

'The figures shown here for "internal sources," "undistributed profits," and "capital consumption allowances"differ from those shown for "cash flow, net of dividends," "undistributed profits." and "capital consumption allowances"in the gross corporate product table in the national income and product accounts of the Department of Commerce forthe following reasons: (1) these figures include, and the statistics in the gross corporate product table exclude branchprofits remitted from foreigners net of corresponding U.S. remittances to foreigners; and (2) these figures exclude andthe gross corporate product figures include, the internal funds of corporations whose major activity is farming. '


286


TA3LE C-77.—Current assets and liabilities of U. $. corporations, 1939-70[Billions of dollars]

End of yearor quarter

1939

19401941 . . . .194219431944 . . .

19451946

19471948 . . .1949

1950195119521953. . - .1954

19551956195719581959

19601961

New series5

1961 . .196219631964

19651966196719681969

1968: L . . . .IIM L . . - - .IV

1969: 1IIIIIIV

1970: 1IIIII

Current assets

Total

54.560.372.933.693.897.297.4

108.1

123.6133.0133.1161.5179.1186.2190.6194.6224.0237.9244.7255.3277.3289.0306.8

304.6328.5351.7372.2410.2442.6470.4513.8555.9478.2488.7499.0513.8523.3534.5544.7555.9561.0566.3567.6

Cashon

handandin

banks*

10 813.113.917.621.621.621.722.8

25.025.326.528.130.030.831.133.434.634.834.937.436.337.241.1

40.743.746.547.349.949.354.158.054.952.053.254.658.054.655.453.954.952.952.553.7

U.S.Gov-ern-ment

securi-ties 2

2.22.04.0

10.116.420.921.115.3

14.114.816.819.720.719.921.519.223.519.118.618.822.820.120.0

19.219.620.218.617.015.412.714.212.715.013.613.114.216.013.512.412.712.510.79.3

Re-ceiv-ablesfromU.S.Gov-ern-

ment3

0.1.6

4.05.04.72.7

.7- .

384243

1.12.72.82.62.42.32.62.82.82.93.13.4

3.43.73.63.43.94.55.15.14.84.84.74.85.14.84.84.64.84.74.44.2

Notesandac-

countsreceiv-able

22.123.927.423.321.921.823.230.0

.3

.4

.055.758.864.665.971.286.695.199.4

106.9117.7126.1135.8

133.3144.2156.8169.9190.2205.2216.0237.1261.0218.0225.0230.9237.1241.3248.6256.3261.0264.5268.7270.0

In-ven-

tories

18.019.825.627.327.626.826.337.6

44.643.945.355.164.965.867.265.372.880.482.281.988.491.895.2

95.2100.7107.0113.5126.9143.1153.4165.8184.8156.1159.4163.2165.8170.4175.2180.0184.8188.0190.2191.8

Othercur-rentas-

sets*

1.41.5L41.31.31.42.41.7

1.61.61.41.72 12.42.43 14.25.96.77 59.1

10.611.4

12.914.717.819.622.325.129.033.637.832.232.832.433.636.136.937.437.838.539.938.5

Current liabilities

Total

30.032.840.747.351.551.745.851.9

61.564.460.779.892.696.198.999.7

121.0130.5133.1136.6153.1160.4171.2

155.8170.9188.2202.2229.6254.4271.4301.8342.7273.6280.9290.4301.8308.7318.9330.9342.7347.7352.7353.6

Ad-vances

andpre-pay-

ments,U.S.Gov-ern-

ment3

0.6.8

2.02.21.8.9.1

— ^373937

.41.32.32.22.42.32.42.31 71.71.81.8

1.82.02.52.73.14.45.86.47.36.16.26.36.46.97.27.57.37.27.06.8

Notesandac-

countsPay-able

21.922.625.624.024.125.024.831.5

- -.6.3.5

47.953.657.057.359.373.881.584.388.799.3

105.0112.8

110.0119.1130.4140.3160.4179.0190.6209.8238.1188.9195.3201.2209.8210.7220.1227.9238.1238.4244.1243.0

Fed-eralin-

cometax

liabili-ties

1.22.57.1

12.616.615.510.48.5

10.711.59.3

16.721.318.118.715 519.317.615.412 915.013.514.1

14.215.216.517.019.118.314.116.416.615.914.314.616.418.515.015.916.618.014.615.4

Othercur-rentlia-

bili-ties

6.97.17.28.78.79.49.7

11.8

13.213.514.014.916.518.720.722.525.729.031.133 337.040.142.5

29.834.538.742.246.952.860.869.180.662.765.068.269.172.776.579.680.684.287.188.3

Network-

ingcapi-tal

24.527.532.336.342.145.651.656.2

62.168.672.481.686.590.191.894 9

103.0107.4111.6118 7124.2128.6135.6

148.8155.6163.5170.0180.7188.2198.9212.0213.2204.7207.8208.6212.0214.6215.6213.8213.2213.3213.6214.0

» Includes time certificates of deposit.3 Includes Federal agency issues.3 Receivables from and payables to U.S. Government do not include amounts offset against each other on corporations'

books or amounts arising from subcontracting which are not directly due from or to the U.S. Government. Wherever possible,adjustments have been made to include U.S. Government advances offset against inventories on corporations' books.

4 Includes marketable investments (other than Government securities and time certificates of deposit) as well as sundrycurrent assets.

* Generally reflects definitions and classifications used in "Statistics of Income" for 1961.Note.—Data relate to all U.S. corporations, excluding banks, savings and loan associations, insurance com-

panies, and beginning with the new series for 1961, investment companies. Year-end data through 1967 are based on"Statistics of Income" (Treasury Department), covering virtually all corporations in the United States. "Statistics ofIncome" data may not be strictly comparable from year to year because of changes in the tax laws, basis for filing returns,and processing of data for compilation purposes. All other figures shown are estimates based on data compiled from manydifferent sources, including data on corporations registered with the Securities and Exchange Commission.

Source: Securities and Exchange Commission.

287


TABLE C--78.—State and municipal and corporate securities offered, 1934-70


Year or quarter

1934

19351936193719381939

19401941194219431944

19451946.. . .194719481949

195019511952 . . .19531954

19551956195719581959

19601961196219631964

19651966196719681969 . .

1970 v

1968:1IIIIIIV

1969:1| |IIIIV

1970:1 .IIIIIIV v.

State andmunicipalsecurities

offeredfor cash

(principalamounts)

939

1,2321,121

9081,1081,128

1,238956524435661

7951,1572,3242,6902,907

3,5323,1894,4015,5586,969

5,9775,4466,9587,4497,681

7,2308,3608,558

10,10710, 544

11,14811,08914,28816,37411,460

17,740

3,6583 7714,5114,435

2,7383,4262,3762,920

4,0173,6564,2785,790

Totalcorpo-

rateoffer-ings

397

2,3324,5722,3102,1552,164

2,6772,6671,0621,1703,202

6,0116,9006,5777,0786,052

6,3617,7419,5348,8989,516

10,24010,93912,88411,5589,748

10,15413,16510, 70512,21113,957

15,99218,07424,79821,96626, 744

38,965

5,1785,7055,1335,950

6,2197,3546,3326,839

7,97710,4698,559

11,960

Corporate securities offered for cash

Type of corporate security

Com-monstock

19

222722852587

1081103456

163

397891779614736

8111,2121,3691,3261,213

2,1852,3012,5161,3342,027

1,6643,2941,3141,0112,679

1,5471,9391,9593,9467,714

7,275

740832986

1,389

1,7862,1411,6162,171

1,9381,8321,3032,200

Pre-ferredstock

6

862714068698

183167112124369

7581 127

762492425

631838564489816

635636411571531

409450422343412

725574885637682

1,390

24912417985

236128182135

200359356475

Bondsand

notes

371

2,2254,0291,6182,0441,980

2,3862,390

917990

2,669

4,8554,8825,0365,9734,890

4,9205,6917,6017,0837,488

7,4208,0029,9579,6537,190

8,0819,4208,969

10,85610, 865

13,72015, 56121,95417,38318,348

30, 300

4,1894 7493,9674,477

4 1975,0854,5344,533

5,8398,2786,9009,285

Manu-fac-

turing *

67

7971,3321 120

848604

992848539510

1,061

2 0263 7012,7422,2261,414

1,2003,1224,0392,2542,268

2,9943,6474 2343 5152,073

2,1524,0773 2493,5143,046

5,4177,070

11,0586 9796,356

10,620

1,9071,7031,6571,712

1,4071,7741,8621,314

2,5842,4452,3153,280

Industry of corporate user

Elec-tric,gasand

water 2

133

1,2842 040

7711 2341,271

1,2031,357

472477

1,422

2 3192 1583 2572,1872,320

2,6492,4552,6753,0293,713

2,4642,5293 9383 8043,258

2,8513,0322 8252,6772,760

2,9363 6654,9355,2816,736

10,985

1,4421,2441,1601,435

1,3451,8791,5441,967

2,0852,8132,7143,375

Trans-porta-tions

176

12679734455

186

32436648

161609

1 454711286755800

8134S4992595778

893724824824967

718694567957982

1,0131,9722,0671,8752,146

2,270

404470427574

808612371356

772336492670

Com-munica-

tion

902571

399612760882720

1,1321,4191 4621 424'717

1,0501,8341,3031,1052,189

9472,0031,9791 7662 188

5,140

422536490319

474432684598

7662,163

8681,340

Other

21

1254017418

103

15996

421

109

211329293

1,008946

1,3001 0581,0682,1382,037

2,7572,6192 4261 9912,733

3,3833,5272,7613,9574,980

5,6803,3644,7596,0649,318

" 9,945

1,0031,7531,3981,910

2,1872,6571,8712,604

1,7712,7112,1713,290

1 Prior to 1948, also includes extractive, radio broadcasting, airline companies, commercial, and miscellaneous companyissues.

2 Prior to 1948, also includes telephone, street railway, and bus company issues.' Prior to 1948, includes railroad issues only.

Note.—Covers substantially all new issues of State, municipal, and corporate securities offered for cash sale in the UnitedStates in amounts over $100,000 and with terms to maturity of more than 1 year; excludes notes issued exclusivelyto commercial banks, intercorporate transactions, investment company issues, and issues to be sold over an ex-tended period, such as employee-purchase plans.

Sources: Securities and Exchange Commission, "The Commercial and Financial Chronicle," and "The Bond Buyer"

288


T A B L E C—79.—Common stock prices,

Year or month

19391940194119421943194419451946194719481949 . ._19501951195219531954.1955195619571958.195919601961 . .1962...196319641965 .1966 . . . . . . . .1967...1968...1969 . .1970 v . . .

1969: JanFebMarAprMayJuneJuly..AugSeptOctNovDec

1970: Jan . . .FebMar.. . .AprMay.. .JuneJulyAug... .SeptOct.NovDeep

earnings, and yields, and stock market credit, 1939-70

Standard & Poor's common stock data

Price index1

Total(500

stocks)

12.0611.029.828.67

11.5012.4715.1617.0815.1715.5315.2318.4022.3424.5024.7329.6940.4946.6244.3846.2457.3855.8566.2762.3869.8781.3788.1785.2691.9398.7097.8483.22

102 04101.4699.30

101 26104.6299.1494.7194.1894.5195.5296.2191.1190.3187.1688.6585.9576.0675.5975.7277.9282.5884.3784.2890.05

Indus-trials(425

stocks)

Publicutilities

(55stocks)

1941-43=10

11.7710.699.728.78

11.4912.3414.7216.4814.8515.3415.0018.3322.6824.7824.8430.2542.4049.8047.6349.3661.4559.4369.9965.5473.3986.1993.4891.0899.18

107.49107.1391.29

110 97110.15108.20110 68114.53108. 59103 68103.39103.97105.07105.86100.4899.4095 7396.9594.0183.1682.9683.0085.4090.6692.8592.5898.72

16.3415.0510.937.74

11.3412.8116.8420.7618.0116.7717.8719.9620.5922.8624.0327.5731.3732.2532.1937.2244.1546.8660.2059.1664.9969 9176.0868.2168.1066.4262.6454.48

68 6569.2466.0765 6366.9163.2961 3259 2057.8458.8059 4655.2855.7255 2459.0457 1951.1549.2250.9152.6254.4453.3754.8659.96

Rail-roads(20

stocks)

9.829.419.398.81

11.8113.4718.2119.0914.0215.2712.8315.5319.9122.4922.6023.9632.9433.6528.1127.0535.0930.3132.8330.5637.5845.4646.7846.3446.7248.8445.9531.1354 1154 7850.4649 5349 9746.4343 0042 0442.0341.7540 6336.6937 6236 5837.3336 0531 1028.9426.5926.7429.1431.7330.8032.95

Divi-dend

yield 2(per-cent)

4.055.596.827 244.934.864.173.854.935.546.596.576.135.805.804.954.084.094.353.973.233.472.983.373.173 013.003.403.203.073.243.833 063 103.173 113 023.183 343 373.333.333 313.523 563 683.603 704 204.174.204 073.823.743.723.46

Price/

ingsratio s

13.8010.258.278 80

12 8413.6616.3317.699.366.916.646.639.27

10.479.69

11.2511 5114.0512.8916.6417.0517.0921.0616.6817.6218.0817.0814.9217.5217.2016.57

17.68

16.59

15.42

16.58

17.31

13.33

15 77

Stock market credit

Customer credit (excludingU.S. Government

securities)

TotalNet

debitbal-

ances4

Bankloans

to"others"5

Bankloans tobrokers

anddealers 6

Millions of dollars

1,374976

1,032968

1,2491,7981,8261,9802,4453,4364,0303,9843,5764,5374,4614,4155,6025,4947,2427,0537,7707,444

10,34712,48810,010

11,79311,94911,09910 80711,24010,96010,2249,6929,6569,8169,632

10,0109 1178 9368,7188 3167 7277,567

942473517499821

1,2371,2531,3321,6652,3882,7912,8232,4823,2853,2803,2224,2594,1255,5155,0795,5215,3297,8839,7907,445

9 0429,1488,3188 0448,4748,2147 5157,0197,0397,2437,1117,4456,6836 5626,3535 9855 4335,281(8)

/ 8 \

(8)(8)

353432503515469428561573648780

1,0481,2391,1611,0941,2521,1811,1931,3431,3691,7271 974

5 2,2492,1152,4642,698

7 2, 5652,3292,7512,8012,7812,7632,766

7 2,7462,7092,6732,6172,5732,5212,5652 4342 3742,3652 3312 2942,2862,2872 2962,3292,2702,3172,329

715584535850

1,3282,1372,7821,471

7841,3311,6081,7421,4192,0022,2482,6882,8522,2142,1902,5692,5842,6143,3984,3524,7544,631

«4,2774,5015,0825,796

7 5,1416,0914,7404,3343,6974 3644,051

7 4, 3794 4623,3883,5773,5864,1975,1413,4653 7824,1354 0673 7903,3683,5283 8563 6584,0634,0866,091

* Annual data are averages of monthly figures and monthly data are averages of daily figures.2 Aggregate cash dividends (based on latest known annual rate) divided by the aggregate monthly market value of the

stocks in the group. Annual yields are averages of monthly data.3 Ratio of quarterly earnings (seasonally adjusted annual rate) to price index for last day in quarter. Annual ratios are

averages of quarterly data.* As reported by member firms of the New York Stock Exchange carrying margin accounts. Includes net debit balances

of all customers (other than general partners in the reporting firm and member firms of national exchanges) whose com-bined accounts net to a debit. Balances secured by U.S. Government obligations are excluded through 1967 and includedthereafter. Data are for end of period.

5 Loans by weekly reporting member banks (weekly reporting large commercial banks beginning 1965) to others thanbrokers and dealers for purchasing or carrying securities except U.S. Government obligations. Data are for last Wednesdayof period.

6 Loans by weekly reporting member banks (weekly reporting large commercial banks beginning 1965) for purchasingor carrying securities, including U.S. Government obligations. Data are for last Wednesday of period.

7 Revised series beginning June 1969; not strictly comparable with earlier data.8 Series discontinued beginning July 1970.

Sources: Board of Governors of the Federal Reserve System, Standard & Poor's Corporation, and New York StockExchange.

289


TABLE C-80.—Business formation and business failures\ 1929—10

Year or month

1929 . . .1930193119321933s

193419351936193719381939 <194019411942194319441945 . . . .194619471948 . . . .19491950 . . .1951195219531954 .195519561957 . . .19581959 .19601961 . .196219631964196519661967 . . . .19681969 _1970

1969: Jan .FebMarAprMayJuneJulyAugSeptOctNovDec

1970: Jan . . . .FebMarAprp . . . .

JuneJulyAug. . _SeptOctNovDec

Indexof net

businessformation

(1967 = 100)

114 389.895.095.5

100 396 192 799.995 891 390.297.192 788 691.093 497 098.498 0

100 0109 4114.8

4 106. 7

Newbusinessincorpo-rations(num-

ber)

132,916112 89796,34685.64093,09283.77892 946

102 706117,411139,915141 163137,112150,781193,067182 713181,535182,057186 404197 724203, P97200 010206,569233 635274,267245, 234

Business failures l

Busi-ness

failurerate'

103.9121.6133.4154.1100.361.161.747.845.961.169.663.054.444.616.46.54.25.2

14.320.434.434.330.728 733.242.041.648.051.755.951.857.064.460.856.353.253.351.649.038 637.343.8

Seasonally adjusted

116.2116 8114.4114.9114 3114.8115 7115.3114.3114.4113.0113.6113.2113.0108 7107.7105.8104.7104.6103.8104.7103.4103.7

20, 57822 19921,35323,22023,18523, 52823,55422 96723,13824, 04623,30822,13722,07223,24921 09121 87622,40122,27622,26422,07823,12621,40923,392

32.035.638.036.436.939.834.936.039.939.540.938.233.739.440 143.742.143.446.847.450.045.950.844.5

Number of failures

Total

22,90926,35528,28531,82219.85912,09112,2449,6079,490

12,83614,76813,61911,8489,4053 2211,222

8091,1293,4745,2509,2469,1628,0587 6118,862

11,08610,96912,68613,73914,96414,05315,44517,07515,78214 37413, 50113,51413,06112,3649.6369,154

10,748

689731868823812792689702726815759748734817921992891912916910906941939869

Liability sizeclass

Under$100,000

22,16525,40827,23030,19718,88011.42111,6919,2859,203

12 55314,54113,40011,6859,2823 1551,176

7591,0033,1034,8538,7088,7467,6267,0818,075

10,22610,11311,61512,54713,49912,70713,65015,00613,77212 19211,34611,34010,83310,1447,8297,1928,019

545566722643661630537563573600570582555622704737662703650692614728729623

$100,000andover

744947

1,0551,625

979670553322287283111219163123664650

126371397538416432530787860856

1,0711,1921,4651,3461,7952,0692,0102,1822,1552,1742,2282,2201 8071,9622,729

144165146180151162152139153215189166179195217255229209266218292213210246

Amount of currentliabilities (millions

of dollars)

Total

483.3668.3736.3928 3457.5334.0310.6203.2183.3246 5182.5166.7136.1100.845 331.730.267.3

204.6234.6308.1248.3259.5283 3394.2462.6449.4562.7615.3728.3692.8938.6

1,090.11,213.61.352 61,329.21,321.71,385.71.265.2

941 01,142.11,887.8

75.090.084.1

118.892.691.9

112.762.873.7

116.4127.196.8

137.3139.4120.0131.9147.9170.5251.9169.6232.9144.8119.8121.7

Liability sizeclass

Under$100,000

261.5303.5354.2432.6215.5138.5135.5102.8101.9140.1132.9119.9100.780.330.214.511.415.763.793.9

161.4151.2131.6131.9167.5211.4206.4239.8267.1297.6278.9327.2370.1346.5321.0313.6321.7321.5297.9241.1231.3269.3

18.217.723.419.721.619.017.818.617.919.218.719.417.621.624.625.022.624.021.922.520.423.824.421.0

$100,000andover

221 8364.8382.2495 7242.0195.4175.1100 481.4

106 449.746.835.420.515 117.118.851.6

140.9140.7146.797.1

128.0151.4226.6251.2243.0322.9348.2430.7413.9611.4720.0867.1

1,031.61,015.61,000.01,064.1

967.3699 9910.8

1,618.4

56.972.360.799.171.072.995.044.255.897.2

108.477.4

119.6117.895.4

106.9125.3146.5230.0147.1212.6121.095.5

100.7

» Commercial and industrial failures only. Excludes failures of banks and railroads and, beginning 1933, of real estate,insurance, holding, and financial companies, steamship lines, travel agencies, etc.

* Failure rate per 10,000 listed enterprises.> Series revised; not strictly comparable with earlier data.4 Eleven-month average of data shown.Sources: Department of Commerce (Bureau of the Census) and Dun & Bradstreet, Inc.

29O


AGRICULTURE

Year orquarter

1929

1930193119321933 .193419351936193719381939

19401941194219431944194519461947..19481949

1950 . . . .195119521953 .1954 . . . .19551956195719581959

196019611 9 6 2 . . . . . . . : : - .1963 . . . _196419651966 .19671968 . .1969

1970*

1969: 1| |MlIV

1970: 1I I . . . .HiIV v

TABLE G-81.—Income of farm people and farmers,

Personal incomereceived by totalfarm population

Fromall

sources

5.47.77.29.07.27.47.6

10.114.116.516.617.220 021.123.819.520.422.722 119.818.417.617.817.719.518.1

18.719.720.420.620 623.624.924.025.427.527.9

Fromfarm

sources i

Fromnon-farm

sources2

3.25.44.66 24.74.84.86.8

10 112.112.212.815 515.818.013.314.116.215 413 412.511.411.211.012.811.011.512.212.312.111 313.514.413 113.514.714.6

2 22.32.62 72.52.62.83.33 94.44.44.44 65 35.86.26.36.56 76 45.96.26.66.66.77.07.27 58.28.59 3

10.010.510 911.812.813.3

Realized gross

Totals

Cashreceipts

frommarket-

ings

Billions of dollars

13.911.58.46.47 l8 69.7

10.811 410.110.611.113.918 823.424.425.829 534 134.731.632.337.136 835 033.633.134.334.037.937.5

38.139 841.342.342 644.949.749 051.054.656.2

11.39 16.44.75 36 47.18.48 97.77.98.4

11.115 619.620.521.724 829 630.227.828.532.932 531 029.829.530.429.733.533.5

34.235 136.437 437 239.343.342 744.247.248.7

1929-70

Income received from far

Produc-tion ex-penses

7.76.95.54.54 44.75.15.66 25.96.36.97.8

10 011.612.313.114 517.018.818.019.422.322 621 321.621.922.423.325.226. 126.427 128.629.729 530.933.434 836.038.440.4

Net to farmoperators

Exclud-ing netinven-tory

change

6.34.52.91.92 73 94.65.15 24.24.34.26.18 8

11.812.112.815 017 115.913.612.914.814 113 712.011.211.910.712.711.4

11.712 612.612.613 114.016.314 215.016.215.8


53.754.654.855.256.356.256.555.8

46.547 447.447.649.049.048.848.0

37.538.638.639.039.840.140.840.9

16.216.016.216.216.516.115.714.9

Includ-ing netinven-tory

change4

6.24.33.32.02 62 95.34.36 04.44.44.56.59 9

11.7" 11.7

12.315 115.417.712.813.716.015 113 112.511.511.411.313.511.512.113 013.213 212 315.016.314 915 116.516.3

16.316 316.716.817.116.616.215.4

ning

Net income perfarm, includingnet inventory

cha

Currentprices

nge

1967pricess

Dollars

945651506304379431775639905668685706

1,0311,5881,9271,9502,0632,5432,6153,0442,2332,4212,9462,8962,6262,6062,4632,5352,5903,1892,795

3,0493 3993,5863,7083 5644,4875,0194 7304,9575,5635,563

1,9691,4471,297

9211 1151,1341,9871,6382,2621,7581,8511,8582,5783 4523,7063,6113,6194 0373,5343,9032,9773,1863,5493 4483 1263,1022,9322,9822,9433,5833,1403,3883 7773,9414 0303 8324,7235,1214 7304,7665,1044,880

5,4905,4905,6205,6505,8505,6805,5405,270

5,1305,0405,1605,0905,2205,0304,8604,580

*Net income to farm operators including net inventory change, less net income of nonresident operators, plus wagesand salaries and other labor income of farm resident workers, less contributions of farm resident operators and workersto social insurance.

2 Consists of income received by farm residents from nonfarm sources, such as wages and salaries from nonfarm em-ployment, nonfarm business and professional income, rents from nonfarm real estate, dividends, interest, royalties,unemployment compensation, and social security payments.

s Cash receipts from marketings, Government payments, and nonmoney income furnished by farms (excluding netinventory change).

4 Includes net value of physical change in inventory of crops and livestock valued at the average price of the year.* Income in current prices divided by the index of prices paid by farmers for family living items on a 1967 base.

Source: Department of Agriculture.

29I


TABLE C-82.—Farm production indexes, 1929-70

11967=1001

Year

1929...

1930...1931...1932...1933...1934...

1935...1936...1937...1938...1939...

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

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

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

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

1960...1961...1961...1963...1964...

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

1970 P..

Farmout-put i

53

5256545043

5247585758

5962696870

6971697574

7375787979

8182818687

9091929594

9796100102104

103

Crops

Total J

62

5966625646

6050696564

6768767175

7376738379

7678818079

8281798988

9291919592

9895100103104

101

Feedgrains

50

4551594527

4831545252

5357656063

6066517365

6560646265

6969758185

8880818777

90891009599

90

Hayand

forage

69

5763646056

7157657065

7575817978

8176737372

7780788080

8582888984

9089929293

9796100100103

101

Foodgrains

50

5559473533

4140555747

5159615365

6870827968

6463817465

6164619072

8579737684

878710010596

91

Vege-tables

65

6667686571

7267737272

7475798782

8494818784

8679808583

8691889189

9196959590

9697100103100

100

Fruitsandnuts

67

6582676863

8062837586

8388877587

7995908287

8889878888

8892849193

8891928990

959610093117

111

Cot-ton

200

188230175175130

143168257162160

170147175155167

123118162203218

137207207223185

200180148155197

193193202208207

202130100148135

138

To-bacco

77

8378517055

6760807096

7464717199

100118107101100

103118114104114

111111848891

98104118118113

94961008791

96

Oilcrops

8

88868

129111317

2022333529

3231323936

4238373742

4654546558

6171727575

9096100113116

118

Livestock and products

Total'

54

5556565752

5054535660

6164727874

7471706873

7579797982

• 8585838589

8791929597

9597100100101

104

Meatani-mals

52

5255565849

4450485259

6063728173

7068676669

7479797882

8683808288

8689919597

9297100102102

107

Dairyprod-ucts

76

7779808079

7980808283

8590939293

9695949194

9493939899

10010210210,1100

102104105104106

1041011009999

99

Poul-tsandeggs

32

3332323230

3032323335

3639455151

5450494954

5759596163

62686973757581818386

90%10098101

107

i Farm output measures the annual volume of farm production available for eventual human use through sales fromfarms or consumption in farm households. Total excludes production of seeds and of feed for horses and mules.

a Includes production of seeds and of feed for horses and mules and certain items not shown separately.• Includes certain items not shown separately.


292


TABLE C-83.—Farm population, employment, and productivity, 1929-70

Year

1929.

1930.1931.1932.1933.1934.

1935.1936.1937.1938.1939.

1940.1941.1942.1943.1944.

1945.1946.1947.1948.1949.

1950.1951.1952.1953.1954.

1955.1956.1957.1958.1959.

1960.1961.1962.1963.1964.

1965.1966.1967.1968.1969

1970

Farm population(April l ) i

Num-ber

(thou-sands)

30,580

30, 52930,84531,38832,39332,305

32,18131,73731,26630,98030,840

30,54730,11828,91426,18624,815

24,42025,40325,82924,38324,194

23,04821,89021,74819,87419,019

19,07818,71217,65617,12816,592

15,63514,80314,31313,36712,954

12,36311,59510.87510,45410,307

9,700

As per-cent oftotalpopu-lation^

25.1

24.824.825.125.825.5

25.324.824.223.823.5

23.122.621.419.217.9

17.518.017.916.616.2

15.214.213.912.511.7

11.511.110.39.89.4

8.78.17.77.16.7

6.45.95.55.25.1

4.7

Farm employment(thousands)1

Total

12,763

12,49712,74512,81612,73912,627

12,73312,33111,97811,62211,338

10,97910,66910, 50410,44610,219

10,00010.29510,38210,3639,964

9,9269,5469,1498,8648,651

Familyworkers

4,486

9,360

9,3079,6429,9229,8749,765

9,8559,3509,0548,8158,611

8,3008,0177,9498,0107,988

7,8818,1068,1158,0267,712

7,5977,3107,0056,7756,570

8,3817,8537,6007,5037,342

7,0576,9196,7006,5186,110

5,6105,2144,9034,7494,590

6,3455,9005,6605,5215,390

5,1725,0294,8734,7384,506

4,1283,8543,6503,5363,416

3,319

Hiredworkers

3,403

3,1903,1032,8942,8652,862

2,8782,9812,9242,8072,727

2,6792,6522,5552,4362,231

2,1192,1892,2672,3372,252

2,3292,2362,1442,0892,081

2,0361,9531,9401,9821,952

1,8851,8901,8271,7801,604

1,4821,3601,2531,2131,174

1,167

Farm output

Perunit oftotalinput

Per man-hour

Total CropsLive-stockand

products

Cropproduc-

tionper

acre*

Index, 1967=100

59

5864646054

6457676967

6670757375

7678768280

7879838484

8688899593

97989910099

10298100100101

99

17

1717171615

1817192020

2122242425

2729293233

3536394143

4650535961

6771748083

9194100106110

112

17

1718181716

1917202121

2324262627

2931313536

3938424345

4851566565

7173768284

9295100106107

107

26

2626252523

2425252627

2728303231

3232333436

3739404143

4749515559

626771'7783

8793100105112

118

57

5259565042

5446626061

6263706468

6770677570

6970747372

7575768684

8992949794

10098100103107

103

* Farm population as defined by Department of Agriculture and Department of Commerce, i.e., civilian populationliving on farms, regardless of occupation.

* Total population of United States as of July 1 including Armed Forces overseas.* includes persons doing farmwork on all farms. These data, published by the Department of Agriculture, Statistical

Reporting Service, differ from those on agricultural employment by the Department of Labor (see Table C-22) because ofdifferences in the method of approach, in concepts of employment, and in time of month for which the data are collected.See monthly report on "Farm Labor."

« Computed from variable weights for individual crops produced each year.

Sources: Department of Agriculture and Department of Commerce (Bureau of the Census).

293


TABLE G-84.—Indexes of prices received and prices paid by farmers, and parity ratio, 1929—70

[1967 = 1001

Year or month

1929

1930..1931193219331934. . .1935193619371938 . . . .1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

196019611962196319641965 ... .1966196719681969

1970

1969: Jan 15Feb 15Mar 15Apr 15May 15June 15

July 15Augl5Sept 15Oct 15Nov 15Dec 15

1970: Jan 15Feb 15Mar 15Apr 15May 15June 15

July 15Augl5Sept 15Oct 15Nov 15Dec 15

Prices received by farmers

Allfarmprod-

58

4934to

co inCM

CM

C*!

4345483837

3949637678819310911398

102119113100979191929895

949496969398105100103108

no104105106106109111

111109108109111112

113114114111111111

113109111108106104

Crops

Allcrops »

65

55382931404850544342

445570858792104122127111

103117118106107102104999998

9910010310610610310510010197

100

969810099100100

989693959895

96989897103103

104100104101102100

Foodgrains

66

53322537515561684241

475568849497114153141123

126137138132131129126127117114

115118128126107931041009187

92

888888888985

808286898990

899089919086

859196989996

Feed grainsand hay

Total

68

61432833556159724141

495366879996116147148102

111130134118117105105968890

87878995961001041009196

101

939594969999

989695959394

979796969899

100101109107106110

Feedgrains

71

63412533566463784241

4954679010197122158157101

114136139122120107107979091

87878994951001041009094

101

919392949999

989595949193

949594949799

101102110108106110

Cot-ton

79

54342636535152493739

435882879094125143142129

148176162140144142140138132140

13313714214213712811310010091

96

868791928994

969186969488

849092949899

100100971019893

To-bacco

31

25181519283129363127

24284557636568676872

73797878807981848791

90959689889299100102107

109

104105105105105105

107109111110108109

108109109109109109

109110110106109110

Oil-bear-ing

crops

52

40261621374643473435

3750667380839413212788

10012310710111090938882797793909493961061009691

96

939494959695

959085858788

909191939396

999799103104103

Livestock and products

Alllive-stockandprod-ucts1

57

48352625294143454039

3950627171768710411498

10112111097908482889993

919192898594105100104117

118

109109112112116119

120119119119121124

125126125121117117

119115116113110108

Meat

mals

46

40271918203435393433

324355605762749810793

101122105868473708210093

888992868095106100103119

120

104108112115125129

126125122120118122

125130132128124125

126120116113105102

Dairy

ucts

54

4636ooooc

CM

CM

C

3741433836

39465365737588899882

819499878081co

m co

OO

OO

00

84

85858383848596100104108

112

109108106104102101

104106112115116116

115112110109108106

108111114117120119

Poul-

andeggs

122

97746156678887848373

7492115145134150152169183167

141172156167135145133122129108

121111110111108110122100108123

115

127119121114104107

123118125123141152

149137129111101100

112104116103110112


294


TABLE C-84.—Indexes of prices received and prices paid by farmers, and parity ratio, 1929-70—Con .[1967=100]

Year or month

19291930 .19311932193319341935 ._193619371938 .1939194019411942 ..1943194419451946 ..1947194819491950 .19511952195319541955195619571958 .1959 ....196019611962196319641965196619671968196919701969: Jan 15...

Febl5...Mar 15...Apr 15...May 15.-June 15_.July 15...Augl5...Sept 15 .Oct15___Novl5...Dec 15...

1970: Jan 15...Febl5...Mar 15...Apr 15..May 15 .June 15..July 15..Augl5__Sept 15..Oct 15 .Novl5__Dec 15..

Allitems,in-

terest,taxes,andwagerates(parityindex)

4744383332353636383636363944505356617076737582848181818184868788889091929498100104109114106107108109110110109109110110111111112113113113113114114114115115115116

'rices paid by farmers

Commodities and services

Allitems

5046393434394141434040404349555859657683798190908687868688909191929294939698100103107111104105106107108108108107108108108109109110110111111111111111112113113113

Fam-ily

livingitems

4845393334383939403837384046525457637478757683848484848588898990909192939598100104109114106107108108109109109109110110111111112112112113113114114114115115115116

Production items

Allproduc-tion

items *

5147393434404343464342434552576081677887838695958989878790929392939495949699100102106109103104105106107107106106106106107107108109108109109109109109110111111111

Feed

645841303449505158444447516274828194111118979911111810710710097959394929394989798102100959710296969697989797979796969810010110099100100100101105105105107

Motorve-

hicles

3029292828303032333533333537394244455258646469727171727479838584848790919396100105109114

109

109110

110

111111

113

113113

114

118118

Farmma-chin-ery

3333323130313232333434333435373838394552586065676768687174778182848688909296100105110117

108

111

112

113

114

117"

119

"119

Fer-til-izer

85827565616968646767666464717677787988959894991021031031019910010099100100100999910099100979396969696939393939393939393939393969696969698989898

Inter-est 2

4543413934312826242322212i20181716151616171921232426283235384246515663718090100110119129119119119119119119119119119119119119129129129129129129129129129129129129

Taxess

3132312925212020202121212121212122242731343638394143454952566065707477808592100111122131122122122122122122122122122122122122131131131131131131131131131131131131

Waperates «

2221161210121313151515151823313842464952515055596160616366687274767880828693100108119128114114114121121121119119119123123123124124124129129129127127127131131131

Parityralio •

928367586475889?9378778193105113108109113115110100101 (107 (100 (928984838285818079807876778074737472727373727475757473737575757575727372747172706867

(fifi)[80)

(97)(83)(85)(88)(98109116110111115116)111)100)102)108)101)(93)89)85)84)85'8882)(82)(83)(83)(81)(80)(8?)(86(79(79)(80)(77)(78)(78)(79)(78)(80)(81)(81)(80)(79)(79)(81)(81)81)81)81)78)78)(77)(79)(76(77(75(73(72

1 Includes items not shown separately.J Interest payable per acre on farm real estate debt.3 Farm real estate taxes payable per acre (levied in preceding year).* Monthly data are seasonally adjusted.4 Percentage ratio of prices received for all farm products to parity index, on a 1910-14=100 base. The adjusted parity

ratio (shown in parentheses in the table) reflects Government payments made directly to farmers.Source: Department of Agriculture.

295


Year

1929

19301931193219331934

193519361937. .19381939

1940 ..1941194219431944 ....

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

1970 *____

TABLE

Cropslarvested(millions

ofacres)l

365

369365371340304

345323347349331

341344348357362

354352355356360

345344349348346

340324324324324

324303295300301

298295308303294

297

G-85.—Selected measures of farm resources and inputs, 1929-70

Man-hoursof

farmwork(bil-lions)

23.2

22.923.422.622.620.2

21.120.422.120.620.7

20.520.020.620.320.2

18.818.117.216.816.2

15.115.214.514.013.3

12.812.011.110.510.3

9.89.49.08.78.2

7.87.47.37.06.9

6.7

Total

90

8988858379

8182868386

8989929393

9191919293

9395949494

9493919194

9393939595

9598100102103

104

Index numbers of inputs (1967=100)

Farmlabor

319

315322311310278

290281304283284

282276283279277

259249237232223

208209200192183

176165152145142

135129124119113

1071021009694

92

Farmreal

estate >

85

8482808180

8182838485

8585848281

8184858888

9091929293

9392939393

9494959698

98991009999

98

Me-chani-cal

powerandma-

chinery

34

3634312929

2931343636

3839434546

4852576471

7782868788

8888898890

9390899391

9498100102103

104

Ferti-lizerand

limingmaterials

10

108567

810121112

1415171921

2226282830

3336394143

4445464854

5558626976

8090100105107

114

Feed,seed, and

live-stockpur-

chases 3

19

1917171717

1622212227

3233414546

5250535250

5258585859

6265677376

7880848891

9198100103106

111

Miscel-laneous

60

6061626054

5254545557

5758596060

6061615865

6769697272

7477757983

8386899294

9497100102106

106

1 Acreage harvested (excluding duplication) plus acreages in fruits, tree nuts, and farm gardens.2 Includes service buildings and improvements on land.3 Nonfarm portion of feed, seed, and livestock purchases.


296


TABLE C—86.—Comparative balance sheet of the farming sector, 1929-71


Beginning ofyear

1929

19301931193219331934

193519361937.19381939

19401941194219431944

19451946194719481949.

1950 .1951195219531954 . . .

19551956195719581959

I960.1961196219631964

196519661967.19681969

1970

Total

68.5

52.955.062.973.784.6

94.2103.5116.4127.9134.9

132.5151.5167.0164.3161.2

165.1169.6178.0185.8202.2

203.12G4.0212.9221.0229.8

238.5256.0269.9284.0299.1

311.4

Realestate

48.0

47 943 737.230.832 2

33.334.335.235.234 1

33.634.437 541.648.2

53 961 068.573.776.6

75.386.695 196 595.0

98 2102.9110.4115.9124.4

130.2131.7138.0143.8152.1

160.9172 5182.5193.1202.6

208.9

Asset

Other physical assets

Live-stock i

6.6

6.54.93.63.03.2

3.55.25.15.05.1

5.15.37.19.69.7

9.09.7

11.913.314.4

12.917.119.514.811.7

11.210.611.013.917.7

15.215.616.417.315.8

14.517.518.918.820.2

23.5

Ma-chin-eryand

motorvehi-cles

3.2

3 43.33.02.52 2

2.22.42.63.03 2

3.13.34 04.95.4

6 55 45.37.4

10.1

12.214.116 717.418.4

18 619.320.320.221.8

22.221.822.322.724.1

25.527.128.931.433.1

34.3

Crops2

2.5

2.73.03.85.16.1

6.76.37.19.08.6

7.67.98 89.09.2

9.68.38.37.69.3

7.78.08.89.39.8

9.29.7

10.09.6

10.6

10.8

80.4

House-hold

equip-mentand

urnish-ings

4 0

4.24.24 95.05.3

5 66 17.78.59.1

8.69.7

10 39.99.9

10 010.510.09.99.8

9.68.99.19.08.9

8.68.68.49.09.6

10.1

Financial assets

De-positsandcur-rency

3 6

3.23.54.25.46.6

7.99.4

10.29.99.6

9.19.19 49.49.4

9.49.59.49.5

10.0

9.28.78.89.29.2

9.610.010.310.911.5

11.9

U.S.savingsbonds

0.2.4.5

1.12.2

3.44.24.24.44.6

4.74.74.74.64.7

5.05.25.15.15.2

4.74.64.54.44.2

4.24.13.93.83.7

3.7

Invest-mentin co-opera-tives

0.6

.8

.99

1.01.1

1 21 41.51.71.9

2.12.32 52.72.9

3.13.33.53.74.0

4.34.75.05.35.7

6.06.57.07.47.8

8.2

24.4

Claims

Total

68.5

52.955.062. S73.784.6

94.2103.5116.4127.9134.9

132.5151.5167.0164.3161.2

165.1169.6178.0185.8202.2

203.1204.0212.9221.0229.8

238.5256.0269.9284.0299.1

311.4

Realestatedebt

9.8

9.69.49.18.57 7

7.67.47.27 06 8

6.66.56.46.05.4

4.94.84.95.15.3

5.66.16.77.27.7

8.29.09.8

10.411.1

12.112.813.915.216.8

18.921.223.325.527.1

28.4

Otherdebt

5.0

3.43.94.14.03.5

3.43.23.64.26.1

6.87.08.08.99.2

9.49.89.6

10.012.5

12.713.414.816.518.1

18.620.422.424.927.5

29.7

Pro-prie-tors'equi-ties

53.9

42.944.652 463.775.7

85 995.5

107.9118.6123.5

120.1138.4152.3148.2144.3

147.5150.8158.6165.4178.6

178.3177.8184.2189.3194.9

201.0214.4224.2233.6244.5

253.3

i Beginning with 1961, horses and mules are excluded.s Includes all crops held on farms and crops held off farms by farmers as security for Commodity Credit Corporation

loans. The latter on January 1, 1971, totaled approximately $676 million.


297


INTERNATIONAL STATISTICSTABLE G-87.— U.S. balance of payments, 1946-70


Year orquarter

1946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

1970s

1968: 1IIIII . .I V . . . .

1969: 1I I . . . .I I I . . .IV . . . .

1970: 1IIIII*...

Exports of goods and services

Total

14,79219,81916,86115,834

13, 89318,86418,12217,07817,889

19,94823,77226,65323,21723,652

27,48828,77030, 50632,60137,271

39,39943,36046,20350,62255,514

62,907

Mer-chan-dise i

11,76416,09713,26512,213

10,20314,24313,44912,41212,929

14,42417,55619,56216,41416,458

19,65020,10720, 77922,25225,478

26,44729,38930,68133,58836,473

42,148

Mili-tary

sales

<2)(2)<2)(2)

8%182

200161375300302

335402656657747

830829

1,2401,3951,515

1,375

Income oninvestments

Pri-vate

7511,0361,2381,297

1,4841,6841,6241,6581,955

2,1702,4682,6122,5382,694

3,0003,5613,9484,1514,930

5,3845,6596,2356,9227,906

8,656

Gov-ern-ment

2166

10298

109198204252272

274194205307349

348381471498456

509593638765932

955

Otherserv-ices

2,2562,6202,2562,226

2,0972,7392,8452,5642,551

2,8803,3933,8993,6583,849

4,1554,3184,6515,0435,659

6,2306,8917,4097,9528,688

9,773

Imports of goods and services

Total

- 6 , 9 8 5- 8 , 2 0 2

- 1 0 , 3 4 3- 9 , 6 1 6

- 1 2 , 001- 1 5 , 0 4 7- 1 5 , 7 6 6—16, 546—15,930

—17,795—19,627- 2 0 , 7 5 2-20 ,861- 2 3 , 3 4 2

- 2 3 , 3 5 5- 2 3 , 1 4 8- 2 5 , 3 5 7- 2 6 , 6 1 7-28 ,691

- 3 2 , 2 7 8- 3 8 , 060-40 ,990-48 ,129- 5 3 , 564

-58 ,964

Mer-chan-dise i

- 5 , 0 6 7- 5 , 9 7 3—7,557—6, 874

- 9 , 0 8 1—11,176—10,838- 1 0 , 9 7 5- 1 0 , 3 5 3

—11,527- 1 2 , 803-13 ,291- 1 2 , 9 5 2- 1 5 , 3 1 0

- 1 4 , 7 4 4- 1 4 , 519- 1 6 , 2 1 8-17 ,011—18,647

- 2 1 , 4 9 6-25 ,463-26,821-32 ,964-35 ,835

-39 ,409

Mili-taryex-

pend-itures

—493- 4 5 5—799- 6 2 1

- 5 7 6—1,270- 2 , 0 5 4- 2 , 6 1 5- 2 , 6 4 2

—2,901- 2 , 9 4 9- 3 , 2 1 6- 3 , 4 3 5- 3 , 1 0 7

- 3 , 0 8 7- 2 , 9 9 8- 3 , 1 0 5- 2 , 9 6 1- 2 , 8 8 0

- 2 , 9 5 2- 3 , 7 6 4- 4 , 3 7 8- 4 , 5 3 5- 4 , 8 5 0

- 4 , 863

Otherserv-ices

- 1 , 4 2 5- 1 , 7 7 4- 1 , 9 8 7- 2 , 1 2 1

—2,344—2,601—2,874- 2 , 9 5 6—2,935

- 3 , 3 6 7- 3 , 875- 4 , 2 4 5—4,474- 4 , 9 2 5

- 5 , 523- 5 , 6 3 1- 6 , 035- 6 , 6 4 7- 7 , 1 6 4

—7, 831- 8 , 8 3 3- 9 , 7 9 1

-10 ,630-12 ,879

-14 ,692

Bal-anceon

goodsand

serv-ices

7,80711,6176,5186,218

1,8923,8172,356

5321,959

2,1534,1455,9012,356

310

4,1335,6225,1495,9848,580

7,1215,3005,2132,4931,949

3,943

Remit-tances

andpen-sions

- 6 4 8- 7 2 8—631—641

- 5 3 3—480- 5 7 1- 6 4 4- 6 3 3

- 5 9 7—690- 7 2 9—745—815

- 5 9 6- 6 3 2—695- 7 9 8- 8 0 9

—950- 8 9 8

- 1 , 1 6 7- 1 , 1 2 1- 1 , 1 9 0

- 1 , 3 9 7


47,728b0,74053,18050,856

47,79257,16458,26058, 848

61,36863,65663,696

31,78433, 54435,51233,512

29,88838,34038,32439,340

40,91242,82042,712

1,2081,3761,5721,428

1,5641,2521,8321,408

1,0321,7281,364

6,2367,1367,1607,164

7,4447,6768,1728,332

9,0208,2328.716

824824840576

912924972924

976976912

7,6767,8608,0968,176

7,9848,9728,9608,844

9,4289,9009,992

-45 ,908-47 ,328-49 ,776-49 ,496

-46 ,472-55 ,912-55 ,636-56 ,244

-58 ,040-59 ,240-59 ,612

-31 ,280-32 ,528-34 ,276-33 ,772

- 3 0 , 3 0 4-38 ,424-37 ,052-37 ,560

-38 ,892- 3 9 , 504-39 ,832

- 4 , 4 1 2- 4 , 4 4 8- 4 , 588- 4 , 6 9 2

- 4 , 7 9 2- 4 , 7 4 8- 4 , 880- 4 , 9 8 0

- 4 , 7 1 2- 5 , 020- 4 , 8 5 6

-10 ,216-10 ,352-10 ,912-11 ,032

-11 ,376-12 ,740-13 ,704-13 ,704

-14 ,436-14,716-14 ,924

1,8203,4123,4041,360

1,3201,2522,6242,604

3,3284,4164,084

- 1 , 0 6 8- 1 , 0 2 8- 1 , 2 8 8- 1 , 1 0 4

- 1 , 0 8 0- 1 , 1 7 6- 1 , 2 7 2- 1 , 2 3 6

- 1 , 3 1 2- 1 , 4 4 0- 1 , 4 4 0


298


TABLE C-87.—(7. S. balance of payments, 1946-70—Continued


Year orquarter

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

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

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

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

1965...1966..1967..1968..1969..1970 3.

1968: I. „II...III..IV...

1969: L . . .II. . .III..IV...

1970: L . . .II .III*.

U.S.Gov-ern-ment

grantsand

capi-tal,

net*

-5,293-6,121-4,918-5,649

-3,640-3,191-2,380-2,055-1,554

-2,211-2,362-2,574-2,587•1,986

-2,768•2,779-3,013-3,578-3,564

-3,406-3,444-4,223-3,975-3,828-3,119

U.S. private capital,net

Directinvest-ment

-230-749-721-660

-621-508-852-735-667

-823-1,951-2,442-1,181-1,372

-1,674-1,598-1,654-1,976-2,328

-3,468-3,661-3,137-3,209-3,070-4, 805

Otherlong-term

127- 4 9- 6 9- 8 0

-495-437-214

185-320

-241-603-859

-1,444-926

-855-1,025-1,227-1,698-2,103

-1,079-256

-1,292-1,116-1,588-1,427

Short-term

-310-189-116

187

-149-103- 9 4167

-635

-191-517-276-311- 7 7

-1,349-1,556

-546-785

-2,147

753-415

-1,209-1,087

-575-297

For-eigncapi-tal,net*

-615-432-361

44

18154052146249

297615545186736

364702

1,026690689

2702,5313,3608,7014,1313,859

Errorsand

unre-cordedtrans-actions

155861

1,115717

-12435449722060

371390

1,012361260

-1 ,156-1,103-1,246

-509-1,118

-576-514

-1,088-514

-2,841-2,04011

Balance

Li-quiditybasis ^

-3,489

-1,206-2,184-1,541

-1,242-973

578-3,365-3,870

-3,901-2 ,371-2 ,204-2 ,670-2 ,800

-1 ,335-1,357- 3 , 544

171-7 ,012

n-4,415

Offi-cial

reservetrans-actionsbasiss

-3 ,403-1 ,347-2 ,702-2,011-1 ,564

-1 ,289266

-3,4181,6412,700

ii-8,667


-4,340-4,240-3,852-3,468

-3,108-4,636-4,088-3,480

-3,420-2,900-3, 036

-1,804-3,512-4,192-3,324

- 3 , 1 _- 4 , 060- 3 , 508-1,104

-5,644-5,736- 3 , 036

-520-616-876

-2,456

-1,072-2,352-1,796-1,132

-1,936460

-2, 804

-412-1,588-1,272-1,076

-172-2,192

1,384-1,320

828-2,204

484

6,67210,1247,308

10,696

7,0961,6521,2446,540

2,2545,2804,044

-1,316-2,112

1,34032

-4,784-3,688-3,708

816

-728-3,680- 1 , " "- 1 , 7 1 2 "

-976424580656

-5,408-15,204-9,116

1,680

n-5,756"-4,936

-2,552

-2446,6081,632

-1 ,432

5,8125,260

-2 ,3282,056

n-11,572ii-7,108ii-7,320

Changes in selected lia-bilities (decrease ( - ) ) *

To foreignofficial holders8

Liquid

ioif4481068Iit>4571,6731,075

- 1 8-1 ,595

2,020-3,101

-517

Non-liquid

250- 3 9318

85761

1,3462,340-996

Toother

foreignhold-ers'

3081,084214620

1,554

1312,3841,4723,8108,716

Changesin U.S.officialreserveassets

(increase( ) )

-6233,315

- 1 7 3 6-266

1,758- 3 3

-4151,256

480

182-869

-1 ,1652,2921,035

2,145606

1,533377171

1,222568

52-880

-1,187

Quarterly totals unadjusted

1,3582,190-38485

1,708-5382,235-506

2,762526

2,046

363777537663

45-367-509-165

-413513

-236

7212,2221,031-164

3,0244,6531,423-384

-1,695-122

-1,186

904-137-571

-1 ,076

- 4 8-299-686-154

-3861,022

801

» Adjusted from customs data for differences in timing and coverage.* Not reported separately.I Average of the first 3 quarters on a seasonally adjusted annual rates basis.* Includes certain special Government transactions.» Equals changes in liquid liabilities to foreign official holders, changes in liabilities to other foreign holders, and changes

in official reserve assets consisting of gold, Special Drawing Rights, convertible currencies, and the U.S. gold trancheposition in the IMF.

* Equals changes in liquid and nonliquid liabilities to foreign official holders and changes in official reserve assets con-sisting of gold, Special Drawing Rights, convertible currencies, and the U.S. gold tranche position in the IMF.

7 Includes short-term official and banking liabilities, foreign holdings of U.S. Government bonds and notes, and certainnonliquid liabilities to foreign official holders.

s Central banks, governments, and U.S. liabilities to the IMF arising from reversible gold sales to, and gold deposits with,the United States.

* Private holders; includes banks and international and regional organizations; excludes IMF.io Includes change in Treasury liabilities to certain foreign military agencies; excluding these changes, data ($ millions)

are 1,258 (1960), 741 (1961), 918 (1962).I I Includes allocation of Special Drawing Rights.

Note.—Data exclude military grant-aid and U.S. subscriptions to International Monetary Fund.


299


TABLE C-88.—U.S. merchandise exports and imports; by commodity groups, 1958-70


Year or quarter

19531959 .

19601961196219631964

196519661967. .19681969

1970

1968: 1IIII!IV. . . .

1969* 1IIIIIIV

1970: 1IIIIII V . . . . .

Merchandise exports *

Total, includ-ing reexports 2

Sea-sonally

ad-justed

8,0288 4659,0198,581

7,6049,8609,8629,966

10, 30010,91510,81910,687

Unad-justed

16,37516,426

19,65920,22620,98622,46725,832

26,75129,49031,03034 06337,332

42,662

8,0228,7048,4258,911

7,58510,1519,257

10,333

10,19511,22110,15011, 096

Domestic exports

Total 2«

16,21116,243

19,45919,98220,71722,18225,479

26,40829,05430,64633 62636,788

42, 028

7,9228,5968,3178,792

7,46810,0109,118

10,192

10,06111,0579,987

10,923

Food,bever-ages,

and to-bacco

2,6382,852

3,lfi73,4663,7434,1884,637

4,5205,1864,7104 5924,446

5,051

1.195090

,122,185

699,757, 148

1,342

117144757

1,532

Crudemate-rialsand

fuels «

3,0522,996

3,9423,8843,3563,7754,337

4,2754,4044,7264,8655,006

5,696

1,1*01,2171,1741,293

8771,3881,2341,507

1,4891,7281,6081,870

Man-ufac-tured

goods5

11,54711,179

12,58312,78413,66814,29716, 529

17,43919,21820,84423 81826,785

29,340

5,4656 1825,9556,217

5,7917,2666,5987,129

7,2477,9316,8727,289

Merchandise imports

General imports9

Total 3

Sea-sonally

ad-justed

7,8878,1518,5488,527

7,6439,6359,2979,438

9,7169,918

10,00310, 311

Unad-justed

13,39215,690

15,07314,76116,46417,20718,749

21,42925,61826,88933,22636,043

39,963

7,7648,2563,4578,750

7,4109,7819,1919,652

9,45310,0719,879

10, 560

Food,bever-ages,

and to-bacco

3,5503,580

3,3923,4553,6743,8834,022

4,0134,5904,7015,3655,308

6,234

1,2571,3081,4301,369

1,0131,4781,3311,487

1,5131,5801,5001,641

Crudemate-rialsand

fuels <

4,1644,615

4,4184,3344,6914,7555,029

5,4405,7185,3676,0316,391

6,553

1,4431,4631,5701,555

1.476640583

1,692

1,669,602,619

1,663

Man-ufac-tured

goods5

5,3117.117

6,8636,5377,6498,0709,106

11,24514,44615,75620,62423,011

25,903

4,8045,1805,1425,499

4,6476,3245,9276,113

5,9946,5746,4226,912

Grossmer-chan-dise

tradesur-plus,sea-

sonallyad-

justed 1

2,98373S

4,5865,4654,5225,2607,083

5,3223,8724,141

8371, 289

2,699

16131447154

- 3 9225564528

584997816376

» Beginning I960, data have been adjusted for comparability with the revised commodity classifications effective in 1965.2Totals exclude Department of Defense shipments of grant-aid military supplies and equipment under the Military

Assistance Program.3Total includes commodities and transactions not classified according to kind.* Includes fats and oils.8 Includes machinery, transportation equipment, chemicals, metals, and other manufactures. Export data for these items

include military grant-aid shipments.• Total arrivals of imported goods other than intransit shipments.7 Exports, excluding military grant-aid, less generai imports; quarterly data seasonally adjusted.Note.—Data are as reported by the Bureau of the Census adjusted to include silver ore and bullion reported separately

prior to 1969. Export statistics cover all merchandise shipped from the U.S. customs area, except supplies for U.S. ArmedForces. Export values are f.a.s. port of export and include shipments under Agency for International Development andFood for Peace programs as well as other private relief shipments. Import values are defined generally as the marketvalue in the foreign country, excluding the U.S. import duty and transportation costs such as ocean freight andmarine insurance.

Source: Department of Commerce, Bureau of International Commerce.

300


TABLE G-89.—US. merchandise exports and imports, by area, 1964-70


Area

Exports (including reexports and special categorysh ipments): Total

Developed countries...Developing countries .

CanadaOther Western Hemisphere._.Western Europe 1Eastern EuropeAsiaAustralia and OceaniaAfrica _

General imports: Total

Developed countries..Developing countries.._ .

CanadaOther Western Hemisphere-Western Europe!. _ . . -Eastern EuropeAsiaAustralia and OceaniaAfrica . _Unidentified countries2.

1964

26,650

17,3438,967

4,9214,2939,222

3405,811

8041,259

18,749

11,9246,711

4,2654,1855,209

993,620

442917

12

1965

27,530

18, 3669,023

5,6584,2759,257

1406,015

9561,229

21,429

14,1017,174

4,8584,3996,155

1374,528

455883

14

1966

30,430

20,12010,112

6,6794,7699,891

1986,740

8051,348

25,618

17,6327,795

6,1524,7377,679

1795,277

596992

6

1967

31,622

21,4679,960

7,1724,718

10,187195

7,1501,0181,182

26,889

18,9937,709

7,1404,6628,052

1775,349

583920

6

1968

34,636

23,60010,821

8,0725,339

11,132215

7,5821,0261,269

33,226

24,1308,886

9,0055,143

10,139198

6,911697

1,12211

1969

38,006

26,47911,277

9,1375,576

12, 392249

8,261998

1,392

36,043

26,4609,373

10, 3845,163

10.138195

8,275828

1,04612

1970

43,226

29, 88412, 989

9,0846,534

14,465353

10,0231,1881,579

39,963

29,26210,450

11,0915,840

11,175226

9,626871

1,11124

1 Includes Finland, Yugoslavia, Greece, and Turkey.2 Consists of certain low-valued shipments not identified by country.

Note.—Developed countries include Canada, Western Europe, Japan, Australia, New Zealand, and the Republic ofSouth Africa. Developing countries include rest of the world except Communist areas in Eastern Europe and Asia andunidentified countries.

Source: Department of Commerce, Bureau of International Commerce.

301


TABLE C-90.—U.S. overseas loans and grants, by type and area, fiscal years; 1962-70[Millions of dollars]

Type of program and fiscalperiod

Total economic loans and grants(net obligations and loanauthorizations): l

1962-69 average...LoansGrants

1970LoansGrants

Economic loans and grants toless developed countries, byprogram^

Net obligations and loanauthorizations:

1962-69 average1970

Repayments and interest:1962-69 average1970

Agency for InternationalDevelopment:

Net obligations and loanauthorizations:

1962-69 average1970

Repayments and interest:1962-69 average1970 . . .

Export-Import Bank long-termloans:

Loan authorizations:1962-69 average1970

Repayments and interest:1962-69 average1970

Food for Peace:

Obligations:1962-69 average1970 . . .

Repayments and interest:1962-69 average1970 . . . .

Contributions and Subscriptionsto International Lending Or-ganizations:3

Obligations:1962-69 average1970

Peace Corps and other:4

Obligations:1962-69 average1970

Repayments and interest:1962-69 average1970 . . . .

Total

4,6042,4352,169

4,7162,6112,105

4,4134,103

7641,205

2,1401,665

217305

416615

403628

1,3431,159

120235

294480

220184

2436

NearEastand

SouthAsia

1,4251,071

354

914745169

1,425914

279438

664330

120173

90122

78126

660452

76137

139

52

LatinAmerica

1,164740424

1,048511537

1,1641,048

306454

516378

2754

206186

254345

152153

1225

196300

9432

1229

Vietnam

3590

359

42076

344

359420

105

278304

95

81115

0

EastAsia

539222316

846633213

473676

5795

223180

2326

28187

2641

189281

626

3329

21

Africa

376166210

294118177

376294

3482

184139

1928

3227

1241

137108

313

2220

1

Europe

23820038

454447

7

13869

73127

1

1718

6069

3376

76

2334

0

Otherand

non-regional

50335

468

74082

658

478682

64

274334

20

23

4950

97180

5794

34

iSome data are preliminary.2 Countries have been classified "less developed" on the basis of the standard list of less developed countries used

by the Development Assistance Committee of the Organization for Economic Cooperation and Development. On thisbasis, "less developed" countries include all countries receiving U.S. loans or grants except the following which areconsidered "developed": Japan, Australia, New Zealand, Republic of South Africa, Canada, and all of Europe exceptMalta, Spain, and Yugoslavia.

3 Includes capital subscriptions and contributions to the Inter-American Development Bank, the International Develop-ment Association, and the Asian Development Bank.

* Data for certain programs from Department of Commerce (Office of Business Economics).

Source: Agency for International Development (except as noted).

302


TABLE C-91.—International reserves, 1949, 1953, and 1965-70

[Millions of dollars; end of period]

Area and country

All countries

Developed areas

United States

United Kingdom

Other Western EuropeAustriaBelgiumFranceGermanyItalyNetherlandsScandinavian coun-

tries (Denmark,Finland, Norway,and Sweden)

SpainSwitzerland ._ _.Others

Canada

Japan

Australia, New Zealand,and South Africa

Less developed areas3

Latin AmericaMiddle EastOther AsiaOther Africa

1949

45, 635

37, 245

26, 024

1,752

6,45592

978580196

5370)

1,6921,222

1,197

0)

1,587

8,390

2,7751,4753,395«290

1953

51, 780

41,375

23, 458

2,670

10, 500325

1,144829

1,773768

1,232

1,026150

1,768

1,484

1,902

892

1,953

10,405

3,4001,2003,8401,800

1965

70, 830

59, 511

15, 450

3,004

33,6941,3112,3346,3437,4314,8002,416

2,3241,4223,2442,069

3,037

2,152

2,174

11,320

3,2452,7353,4251,860

1966

72,420

60,306

14, 881

3,100

35, 0911,3332,3506,7338,0294,9102,448

2,3411,2533,3242,370

2,702

2,119

2,413

12,115

3,1752,9103,8752,100

1967

74,140

61,136

14, 830

2,695

36, 5881,4842,5906,9948,1535,4632,619

2,2361,1003,5552,394

2,717

2,030

2,276

13,000

3,4503,2954,0802,115

1968

77, 005

62, 893

15,710

2,422

35,8191,5102,1874,2019,9485,3422,463

2,3201,1503,9322,766

3,046

2,906

2,990

14,110

3,9353,3104,2152,480

1969

77, 735

62,179

16, 964

2,527

33,1571,5372,3883,8337,1295,0132,529

2,2131,2813,9953,239

3,106

3,654

2,771

15,535

4,4953,0354,8153,065

1970

Sep-tember

86,885

68, 867

15, 527

2,666

39,2061,6722,7904,74311,3014,5192,987

2,1971,5914,0803,326

De-cember

14,487

2,827

1,7572,8474,96013,6105,2993,234

2,5331,8174,701

4,553

3,996

3,027 !

17,885 |.

5,445 i3,005 I5,155 !4,145

4,679

4,839

2,826

1 Not available separately.2 In addition to other Western European countries, includes unpublished gold reserves of Greece and an estimate of

gold to be distributed by the Tripartite Commission for the Restitution of Monetary Gold.3 Includes unpublished gold holdings not allocable by area.• Estimate.

Note.—Includes gold holdings, reserve positions in the International Monetary Fund, and foreign exchange of all countriesexcept U.S.S.R., other Eastern European countries, Communist China, and Cuba (after 1960).

Beginning 1959, when most of the major currencies of the world became convertible, data exclude known holdings ofinconvertible currencies, balances under payments agreements, and the bilateral claims arising from liquidation of theEuropean Payments Union.

Source: International Monetary Fund, "International Financial Statistics."

303


TABLE C-92.—U.S. reserve assets, 1946-70


End of year ormonth

1946194719481949

1950 .19511952.19531954

1955 . . .1956195719581959

1960.1961196219631964 .

1965 .196619671968 .1969.

1970

1969:JanFebMarAprMayJune .


1970: Jan. .FebMarAprMayJune

JulyAug - .SeptOctNovDec

Total reserveassets

20,70624,02125,75826, 024

24,26524,29924,71423,45822,978

22,79723,66624,83222, 54021,504

19, 35918,75317,22016,84316,672

15,45014,88214,83015,710

716,964

14,487

15,45415,49915,75815,94816,07016,057

15,93616,19516, 743

716,31616, 00016,964

17,39617,67017,35016,91916,16516,328

16,06515,79615,52715,12014,89114,487

Gold stock i

Total 2

20,70622,86a24,39924, 563

22,82022,87323,25222,09121,793

21,75322,05822,85720, 58219,507

17,80416,94716,05715, 59615,471

s 13,80613,23512,06510,89211,859

11,072

10,82810,80110,83610,93611,15311,153

11,14411,15411 16411,19011 17111,859

11,88211,90611,90311,90211,90011,889

11,93411,81711,49411,49511,47811,072

Treasury

20,52922,75424,24424,427

22,70622,69523,18722,03021,713

21,69021,94922,78120,53419,456

17,76716,88915,97815,51315,388

6 13,73313,15911,98210,36710, 367

10,732

10,36710,36710,36710,36710,36710, 367

10, 36710,36710,36710,36710, 36710,367

11,36711,36711,36711,36711,36711,367

11,36711,36711,11711,11711,11710,732

Specialdrawingrights 3

851

899919920926925957

961961991991961851

Convertibleforeign

currencies 4

11699

212432

7811,3212,3453,528

7 2,781

629

3,3383,3993,6013,6243,4743,355

3,1663,3993 797

7 3,3412 8652,781

2,2942,3381,9501,581

9801,132

716695

1,098811640629

Reserveposition in

InternationalMonetary Fund5

1 1531 3591 461

1 4451,4261 4621 3671,185

1 0441,6081 9751 9581,997

1,5551,6901 0641 035

769

6 863326420

1,2902,324

1,935

1,2881,2991,3211,3881,4431,549

1,6261,6421 7821,7851 9642,324

2,3212,5072,5772,5102,3602,350

2,4542,3231,9441,8231,8121,935

1 Includes gold sold to the United States by the International Monetary Fund with the right of repurchase whichamounted to $400 million on December 31, 1970. Beginning September 1965 also includes gold deposited by the IMF tomitigate the impact on the U.S. gold stock of purchases by foreign countries for gold subscriptions on increased IMFquotas. Amount outstanding was $166 million on December 31, 1970. The United States has a corresponding gold liabilityto the IMF.

2 Includes gold in Exchange Stabilization Fund.3 Includes initial allocation by the IMF of $867 million of Special Drawing Rights on January 1,1970, plus net transactions

of SDR's since that time.4 Includes holdings of Treasury and Federal Reserve System.5 In accordance with Fund policies the United States has the right to draw foreign currencies equivalent to its reserve

position in the Fund virtually automatically if needed. Under appropriate conditions the United States could draw addi-tional amounts equal to the United States quota.

6 Reserve position includes, and gold stock excludes, $259 million gold subscription to the Fund in June 1965 for a U.S.quota increase which became effective on February 23, 1966. In figures published by the Fund from June 1965 throughJanuary 1966, this gold subscription was included in the U.S. gold stock and excluded from the reserve position.

7 I ncludes gain of $67 million resulting from revaluation of German mark in October 1969, of which $13 million representsgain on mark holdings at time of revaluation.

Note.—Gold held under earmark at Federal Reserve Banks for foreign and international accounts is not included inthe gold stock of the United States.

Sources: Treasury Department and Board of Governors of the Federal Reserve System.

3°4


TABLE C-93.—Price changes in international trade, 1962-70

[1963 = 100]

Area or commodity class 1962 1963 1964 1965 1966 1967 1968 1969

1970

Thirdquarter

Developed areas

Total:

ExportsTerms of trade i_

United States 2 :

ExportsTerms of t rader-

Developing areas

Total:

ExportsTerms of trade i

Latin America:

ExportsTerms of trade i

Southern and Eastern Asia 4 :

ExportsTerms of trade *

Primary commodities: Total.

Foodstuffs

Coffee, tea, and cocoa..Cereals

Other agricultural commodities«

Fats, oils, and oilseeds..Textile fibers

WoolRubber

MineralsMetal ores..

Manufactured goods: Total 5__.

Nonferrous base metals 5_.

99100

100101

100102

Unit value indexes by area

100100

100100

100100

100100

100100

102100

10199

103101

107105

10099

103100

104101

10399

107102

10199

105100

107101

104101

108105

101100

105101

no102

103100

106102

9999

104101

111103

103101

107102

97100

108101

115103

106102

110101

103104

World export price indexes »

96

94

9699

97

949184107

99100

99

100

100

100

100100

100

100100100100

100100

100

100

103

105

121103

102

10410210395

102108

101

119

103

103

11199

103

114928697

104114

103

135

104

105

113104

104

111929091

104105

106

156

101

104

111106

96

102887775

103109

107

142

100

102

111102

96

100887473

102108

106

150

104

106

120102

101

101857399

104114

110

168

113101

12299

109101

3 1163 102

3 1053 104

107

112

14299

99

110836579

107120

117

168

1 Terms of trade indexes are unit value indexes of exports divided by unit value indexes of imports.2 Includes foreign trade of Alaska, Hawaii, and Puerto Rico.3 Data are for second quarter 1970.< Excludes Japan.5 Data for manufactured goods are unit value indexes.6 Includes nonfood fish and forest products.

Note.—Data exclude trade of Communist areas in Eastern Europe (except Yugoslavia) and Asia.

Sources: United Nations and Department of Commerce (Bureau of International Commerce).

3°5


TABLE G—94.—Consumer price indexes in the United States and other major industrial countries*

1957-70

[1963 = 100]

Period

195719581959

I9601961196219631964

19651966196719631989

1970i

1968- 1| |IIIIV

1969: 1 . -HIIIIV

1970: 1IIlitI V 2 . .

UnitedStates

91.894.495.1

96.697.798.8

100.0101.3

103.0106.0109.0113.6119.7

126.5

111.6112.8114.2115.6

116.9119.0120.7122.3

124.2126.2127.6129.0

Canada

91.794.195.1

96.297.198.3

100.0101.8

104.3108,2112.0116 7122.0

126. 0

115 0116.0117.3118.5

119.4121.6123.0123.8

125.0126.1126.7126.6

Japan

79.378.979.8

82.687.093.0

100.0103.9

110.7116.4121.0127.5134.1

143.5

126.2126.4127.4129.8

130.4132.8135.8137.5

141.1142.9144.6149.4

France

69.680.185.0

88.191 095.4

100.0103.4

106.0108.9111.8116 9124.4

130.5

115 1115.8117.2119.6

121.6123.2124.6126.5

128.5130.3131.9132.8

Germany

88.190.090.9

92.194.397.1

100.0102.3

105.8109.5111.1113 1116.1

120.2

112,8113.0112. S113.8

115.4115.9116.0117.0

119.4120.4120.6121.2

Italy

83.285.585.1

87.188.993.1

100.0105.9

110.7113.3116.9118.5121.6

126.9

118.2118.5118.3113.8

119.7120.9122.3123,5

125.4127.1128.1128.7

Nether-lands

889091

949597

100106

111.0117.4121.4125.9135.3

140.7

124.3125.5126.2127.7

133.6135.7135.3136.5

138.2140.4142.5144.2

UnitedKingdom

86.989.590.0

90.994 098.0

100.0103.3

103.2112.4115.2120 6127.2

134.5

117 8120.6121.3122.7

125.2127.2127.4129.0

131.5134.6136.1138.0

1 For United States, January-November average; for all other countries, January-October average, except Italy,January-September average.

2 October-November average for United States; October data for all other countries, except September data for Italy.

Sources: Department of Labor and Organization for Economic Cooperation and Development.

306U.S. GOVERNMENT PRINTING OFFICE:I97l O—411-364


Documents

ERP1971 Appendixes 3