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William J. Baroody Files (Ford Administration)
William Baroody's Copies of "Weekly Briefing Notes on U.S. Domestic Developments"
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Environmental Protection Agency. 12/2/1970-
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The original documents are located in Box 37, folder "Weekly Briefing Notes,
8/11/1975" of the William J. Baroody Files at the Gerald R. Ford Presidential
Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. Gerald R. Ford donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Digitized from Box 37 of the William J. Baroody Files at the Gerald R. Ford Presidential Library
*
*
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73
*
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4
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OFFICE OF THE VICE PRESIDENT
WASHINGTON
August 14, 1975
Mr. Baroody:
Here is this week's copy of
the Weekly Briefing Notes prepared for
the President and the Vice President.
FORD ; LIBRARY 078830
Och
Dick Allison
WEEKLY
BRIEFING NOTES
ON U.S. DOMESTIC
DEVELOPMENTS
Prepared for the President
and the Vice - President
FORD & LIBRARY GERALD
AUGUST 11, 1975
COMPILED BY THE FEDERAL STATISTICAL SYSTEM
Coordinated by the Bureau of the Census
at the request of the Statistical Policy Division,
Office of Management and Budget
Vincent P. Barabba, Director
Joseph W. Duncan,
Bureau of the Census
Deputy Associate Director
for Statistical Policy
Office of Management and Budget
SOURCES OF DATA
Productivity Indexes
U.S. Department of Labor, Bureau of Labor Statistics, "Productivity: An International
Perspective" U.S. Department of Labor, Bureau of Labor Statistics
Raw Steel Production
American Iron and Steel Institute, "Production of Iron and Steel"
Assembly and Sales of Motor Vehicles
"Ward's Automotive Reports"
Retail Sales
U.S. Department of Commerce, Bureau of the Census, "Monthly Retail Trade Report"
Wholesale Trade
U.S. Department of Commerce, Bureau of the Census, "Monthly Wholesale Trade
Report"
Manufacturers' Export Sales and Orders of Durable Goods
U.S. Department of Commerce, Bureau of the Census "Manufacturers" Export Sales
and Orders of Durable Goods"
Wholesale Price Index
U.S. Department of Labor, Bureau of Labor Statistics, "Wholesale Price Index"
Consumer Credit
Board of Governors of the Federal Reserve System, Statistical Release G.19, "Con-
sumer Credit"
Common Stock Prices
Standard and Poor's, "Standard and Poor's Stock Price Index"
Interest Rates
Board of Governors of the Federal Reserve System, Statistical Release H.9, "Weekly
Summary of Banking and Credit Measures"
Spanish Population
U.S. Department of Commerce, Bureau of the Census, "Current Population Reports,"
Series P-20 (Forthcoming)
FORD if LIBRARY GERALD
Week of August 11, 1975
TABLE OF CONTENTS
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION A-General Economic Indicators
Part 1-National Income and Product
A.1.1 Gross National Product
X
A.1.2 Personal Income
X
A.1.3 Corporate Profits
X
A.1.4 Federal Receipts and Expenditures
X
A.1.5 Business Investment
X
Part 2-Employment and Unemployment
A.2.1 Unemployment Rate
X
A.2.2 Duration of Unemployment
X
A.2.3 Unemployment Insurance
X
A.2.4 Labor Turnover
X
A.2.5 Help Wanted Index
X
Part 3-Hours, Earnings and Productivity
A.3.1 Average Workweek, Manufacturing
X
A.3.2 Compensation Per Man-hour
X
A.3.3 Productivity Indexes
X
A.3.4 Real Earnings
X
A.3.5 Work Stoppages
X
Part 4-Production and Trade
A.4.1 Industrial Production Index
X
A.4.2' Production of Primary Metals
X
A.4.3 Assembly of Cars and Trucks
X
A.4.4 Manufacturers' Shipments, Inventories, and Orders
X
A.4.5 Capacity Utilization
X
A.4.6 Retail Sales
X
A.4.7 Wholesale Trade: Sales and Inventories
X
A.4.8 Manufacturing and Trade Inventories and Sales
X
A.4.9 Manufacturers' Evaluation of Their Inventories
X
Part 5-Foreign Trade and Balance of Payments
GERALD FORD LIBRARY
A.5.1 Exports and Imports
X
A.5.2 Manufacturers' Export Sales and Orders of Durable Goods
X
A.5.3 Balance of Payments
X
A.5.4 Foreign Travel
X
Part 6-Prices
A.6.1 Consumer Price Index
X
A.6.2 Wholesale Price Index
X
A.6.3 Tuesday Spot Market Price Index
X
Week of August 11, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION A-General Economic Indicators (Continued)
Part 7-Construction
A.7.1 Housing Construction
X
A.7.2 Value of New Construction Work Done
X
Part 8-Energy, Raw Materials, and Commodities
A.8.1 Distribution of Electric Power
X
A.8.2 Production and Consumption of Fossil Fuels
X
Part 9-Agriculture
A.9.1 Farm Income and Expenses
X
Part 10-Money and Credit
A.10.1 Money Stock Measures
X
A.10.2 Bank Reserves
X
A.10.3 Consumer Credit
X
A.10.4 Common Stock Prices
X
A.10.5 U.S. Government Securities
X
A.10.6 Business Credit
X
A.10.7 Interest Rates
Part 11-Indicators of Business Activity
A.11.1 Composite Index of Leading Indicators
A.11.2 Number of New Business Incorporations
X X X
A.11.3 Number of Business Failures
SECTION B-General Social Indicators
GERALD FOR LIBRARY
Part 1-Population
B.1.1 Population Estimates
- Total Population
X
- Total Population by Age, Sex, and Race
- Rate of Growth
- Components of Change (Births, Deaths, Net Immigration)
- Population Projections
- Abortion
B.1.2 Population Distribution
X X X X X X X
- Population by Size of Place
- Population in Rural and Urban Areas
B.1.3 Migration
- Recent Movers
X
- Migration by Region
X
Week of August 11, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION B-General Social Indicators (Continued)
Part 2-The Family
B.2.1 Living Arrangements, Selected Characteristics
- Age, Sex, and Race
X
- Single Person Households
X
- Children Living With Single Parents
X
- Average Family Size
X
B.2.2 Family Formation and Dissolution
- Marital Status of the Population
X
- Marriage and Divorce Rates
X
- Marriages Ending in Divorce
X
B.2.3 Attitudes Towards Family Life
X
Part 3-Health
B.3.1 Life Expectancy
- At Birth
X
- At Selected Ages
X
- Death Rates by Cause
X
X
- Leading Causes of Death
X
- Infant Mortality
X
X
B.3.2 Disability
- Days of Disability by Type
X
- Institutionalized Population
X
- Disability by Degree of Limitation and Cause
X
- Short-Term Disability
X
B.3.3 Morbidity
- Communicable Diseases
- Acute Illness
GERALE FORD X
B3.4 Health Status
- Nutrition
Dietary Intake
X
Clinical Measurements
X
- Obesity
X
- Drugs
Drug Deaths
X
Drug Abuse Episodes
X
Liquor Consumption
X
- Smoking
X
- Physical Fitness
X
- Perceived Health Status
X
Week of August 11, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION B-General Social Indicators (Continued)
B.3.5 Health Care Delivery
- Physician and Dental Visits
X
- Costs and Expenditures
X
- Facilities
X
- Personnel
X
- Attitudes Towards Health Care
X
Part 4-Education
B.4.1 Educational Achievement by Sex, Race, Socioeconomic Status, Region
- Math, Science, Reading, Writing
X
- Music, Art, Literature, Citizenship
X
B.4.2 Attainment
- High School Graduation Rate
X
- The High School Educated Population by Race and Sex
X
- College Educated Population by Race and Sex
X
B.4.3 School Enrollment
- Primary and Secondary School
X
- Preprimary by Age, Race, Income
X
- Modal Age Enrollment by Sex, Race
X
- High School Students Expecting to go to College
X
- College Entrance Rates by Sex, Race, Socioeconomic Status
X
- College Enrollment
X
- Participation in Adult Education
X
B.4.4 Educational Facilities and Personnel
- Schools, Classrooms
X
- Teachers, Administrative, Others
X
8.4.5 Costs and Expenditures
- Expected Student Expenses, Higher Education
X
- Expenditures by Level of Government
X
Part 5-Work
B.5.1 Labor Force, Employment and Unemployment
- Labor Force Participation, Selected Characteristics
X
- Part-time, Part-year Workers, Selected Characteristics
X
- Employment by Occupation, Selected Characteristics
X
- Unemployment, Selected Characteristics
X
X
- Discouraged Workers
X
B.5.2 Earnings
- Median Earnings, Selected Characteristics
X
Week of August 11, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION B-General Social Indicators (Continued)
B.5.3 Working Conditions
- Regular and Overtime Hours, Selected Characteristics
X
- Work Injuries by Occupation
X
- Time, Distance, and Mode Transportation to Work
X
B.5.4 Benefits
- Vacations, Holidays
X
- Benefit Plans
X
B.5.5 Retirement
- Persons Retiring From Work
X
- Work-Life Expectancy
X
- Retirement Benefits
X
Part 6-Income, Consumption, and Wealth
B.6.1 Income Levels
- Median Family Income
X
- Composition of Family Income
X
- Per Capita Income
X
B.6.2 Distribution of Income
- Age, Race, and Sex
X
- Regional Differences
X
B.6.3 Poverty
X
B.6.4 Consumption
- Personal Consumption Expenditures
X
- Consumption of Durable Goods
GEBALD ORD LIBRARY
X
B.6.5 Wealth
- Net Worth of Consumer Units
X
- Composition of Wealth
X
B.6.6 Consumer Borrowing and Debt
- Amount of Debt Outstanding
X
- Debt/Income Ratio
X
B.6.7 Consumer Attitudes
X
Part 7-Housing
B.7.1 Housing Conditions
- Average Size of Households
X
- Households Lacking Selected Facilities, by Size, Race, Tenure,
and Location
X
- Average Persons Per Room
X
Week of August 11, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION B-Socioeconomic Series (Continued)
B.7.2 Home Tenure
- Single Family Dwellings
X
- Mobile Homes
X
- Condominiums and Other Multi-Unit Structures
X
- Vacation Homes
X
B.7.3 Cost and Expenditures
- Average Mortgage Payments
X
- Upkeep and Maintenance
X
- Average Rental Payments
X
B.7.4 Attitudes Towards Housing and the Community
X
Part 8-Leisure and Recreation
B.8.1 Use of Leisure Time
X
B.8.2 Recreation
- Outdoor (Social, Active Sports, etc)
X
- Indoor (Television, Visiting, Other)
X
X
Part 9-Public Safety
B.9.1 Crimes Known to Police
- Violent
X
X
- Property
X
X
B.9.2 Victims of Crime, Selected Characteristics
- Violent
X
- Property
X
B.9.3 Fear of Crime, Selected Characteristics
X
B.9.4 Police Activity
- Persons Arrested by Charge
X
- Offenses Cleared
X
B.9.5 Judicial Activity
- Persons Sentenced for Federal Crimes
X
B.9.6 Prisoners, Adults and Juveniles
- Prisoners by Sentence
X
- Average Length of Sentence
X
- Persons Executed and Sentenced to Death
X
- Average Prison Population
X
B.9.7 Expenditures for Administration of Criminal Justice
X
Week of August 11, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION C-Government Activity
Part 1-Social Welfare and Security
C.1.1 Social Security (OASDHI)
- Current Beneficiaries
X
- New Beneficiaries
X
- Average Payment
X
C.1.2 Old Age Assistance
- Benefits Paid
X
- Recipients
X
C.1.3 Aid to the Disabled
- Blind
X
- Deaf
X
- Other
X
C.1.4 Aid to Families With Dependent Children
- Recipients
X
- Benefits
X
C.1.5 Unemployment Insurance Coverage
- Benefits Paid
X
- Recipients
X
C.1.6 Housing Assistance
- Recipients
X
- Benefits
X
C.1.7 Food Stamps
- Recipients
X
- Benefits
X
C.1.8 Aid to Disaster Victims
- Recipients
X
- Benefits
X
C.1.9 Veterans Benefits
1080
- Recipients
X
- Benefits
X
LIBRARY
Part 2-Equal Opportunity
C.2.1 Equal Employment Opportunity
- Minority Employment
X
- Earnings, Promotions, etc.
X
C.2.2 School Desegregation
- Students Attending Predominantly Minority Schools
X
- Public/Private Enrollment, and Control
X
Week of August 11, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION C-Government Activity (Continued)
Part 3-Government Operation
C.3.1 Federal Employment
- Employees
X
- Payroll
X
C.3.2 State and Local Employment
- Employees
X
- Payroll
X
SECTION D-Environment, Science, Culture
Part 1-Environment
D.1.1 Air Quality
- Amount of Pollutants Released Into the Atmosphere
X
- Ambient Air Quality-National, Major Cities
X
- Perceived Quality
X
D.1.2 Water Quality
- Miles of Streams Meeting EPA Standards
X
- Oil Spills, Fish Kills
X
D.1.3 Hazardous Substances
- Estimated Amounts Produced
X
- Concentration in Biosphere
X
D.1.4 Ecological Balances
- Endangered Species (Plant and Animal)
X
- Critical Areas (Coastal Zones)
X
- Land/People Density
X
Part 2-Science
D.2.1 Professionals in Basic Research
- By Specialty
X
- Person Years of Scientists, Engineers Engaged in R&D
X
D.2.2 Expenditures for Research and Development
- Private Industry
X
- Government
X
D.2.3 Science Achievement in Schools
- Secondary Schools
X
- Higher Education
X
Week of August 11, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION D-Environment, Science, Culture
D.2.4 Public Attitudes Towards Science and Technology
X
Part 3-Culture
D.3.1 Persons Employed in Artistic Professions
- By Type
X
D.3.2 Children's Skill and Appreciation of Literature Arts, Music
X
D.3.3 Participation in Cultural Activities
- Voluntary Organizations
X
- Travel
X
- Hobbies, Sports, Music, etc.
X
D.3.4 Attendance at Cultural Events
- Plays, Galleries, Motion Pictures
X
- Concerts, Museums, etc.
X
SECTION E-Selected Subjects
DERALD FORD LIGRARY
A.3.3 - Index of Unit Labor Costs
(1967=100)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL PRIVATE ECONOMY- - -
159.6
1.3%
10.8%
INDEX
INDEX
165
165
160
160
155
155
150
150
145
145
140
140
135
135
130
130
125
125
GERALD
LIBRARY
120
120
115
115
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
11 AUGUST 1975
A.3.3 - Indexes of Unit Labor Costs
Selected Components
(1967=100)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
PRIVATE NONFARM
159.2
1.0%
10.3%
MANUFACTURING
141.0
2.3%
14.8%
INDEX
INDEX
160
160
150
150
140
140
130
130
120
120
110
110
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
11 AUGUST 1975
Unit Labor Costs in the Total Private Economy rose at a 5.2 percent annual rate,
compared with a 10.7 percent annual rate increase one quarter earlier.
In the Private Nonfarm Sector, Unit Labor Costs increased at a 3.9 percent
annual rate.
Slower rate of increase than in the first quarter, when these costs rose
at an 11.4 percent annual rate.
In the Manufacturing Sector, Unit Labor Costs rose at an annualized rate of 9.7
percent.
Increase was considerably smaller than the first quarter annual increase
of 23.6 percent.
Smallest increase since the second quarter of 1974.
FORD is LIBRARY GERALD
A.4.2 - Weekly Production of Raw Steel
Not Seasonally Adjusted
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
THOUSANDS
PRODUCTION OF RAW STEEL
1,944
0.2%
-28,5%
THOUSANDS
OF TONS
OF TONS
3500
3500
3000
3000
2500
2500
2000
2000
1500
1500
1000
GERALD R. FORD 1000
500
500
1971
1972
1973
1974
1975
SOURCE: AMERICAN IRON AND STEEL INSTITUTE
11 AUGUST 1975
Steel Production increased 1.7 percent for the four-week period ended August 2.
The largest weekly increase in twenty-seven weeks occurred during the week
ended July 19-Production up 3.0 percent.
Production down 30.2 percent from 1975 high of 2,785 thousands of tons.
FORD & LIBRARY GERALD
A.4.3 - Retail Unit Sales of New Passenger Cars
Seasonally Adjusted at Annual Rates
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL
9.1
7.1%
-6.2%
DOMESTIC
7.4
7.2%
-11,9%
MILLIONS
IMPORTS
1.7
0.0%
21.4%
MILLIONS
OF UNITS
OF UNITS
13.5
13.5
12.5
12.5
11.5
11.5
10.5
10.5
9.5
9.5
8.5
8.5
7.5
7.5
6.5
6.5
5.5
5.5
4.5
4.5
3.5
3.5
2.5
NEW ALD R. FORD IBRARD
2.5
1.5
1.5
0.5
0.5
1971
1972
1973
1974
1975
SOURCE: BUREAU OF ECONOMIC ANALYSIS
11 AUGUST 1975
A.4.3 - Market Shares of Total New Car Sales
Seasonally Adjusted at Annual Rates
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
DOMESTIC SHARE
81.3
1.6%
-6.1%
IMPORT SHARE
18,7
-6,5%
+29,9%
PERCENT
PERCENT
100
100
80
80
60
60
40
40
20
20
0
0
1971
1972
1973
1974
1975
SOURCE: BUREAU OF ECONOMIC ANALYSIS
11 AUGUST 1975
The July Sales of Total Retail Passenger Cars increased to an annual rate of 9.1
million cars, the highest since February 1975.
The Sales Rate of Domestic Cars stood at 7.4 million, its highest point since
last September.
Meanwhile, Import Sales remained at the May level after increasing 13.3
percent in May.
The Sales of Domestic Cars increased Domestic Share to 81.3 percent.
Although up 1.6 percent over June, down 6.1 percent from a year ago.
The Import Sales Share of 18.7 percent was the lowest share of the current year.
FORD i LIBRARY 976839
Down 6.5 percent from June and up 30 percent from last year.
A.4.6 - Monthly Retail Sales
June Preliminary
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL RETAIL SALES
$48.8
1.3%
9.3%
TOTAL, EXCLUDING AUTOMOTIVE
$40.1
0.5%
9.1%
NONDURABLE GOODS
$33.6
0.3%
9,9%
BILLIONS
DURABLE GOODS - - -
$15.2
3.6%
8.1%
BILLIONS
OF DOLLARS
OF DOLLARS
50
50
45
45
40
40
35
35
30
30
25
25
20
20
15
15
10
GERALD FORD 10 LIBRARY
5
5
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
11 AUGUST 1975
A.4.6 - Monthly Retail Sales - Automotive Dealers
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
BILLIONS
AUTOMOTIVE DEALERS, TOTAL
$8.7
5.4%
1.
10,6%
BILLIONS
OF DOLLARS
OF DOLLARS
9.5
9.5
9.0
9.0
8.5
8.5
8.0
8.0
7.5
7.5
7.0
7.0
6.5
6.5
6.0
6.0
5.5
5.5
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
11 AUGUST 1975
Preliminary estimates for June showed Retail Sales rose 1.3 percent from May.
Increase was due almost entirely to a 5.4 percent rise in Sales of Automotive
Dealers.
All other retail groups remained close to May levels.
FORD & LIBRARY GERALD
A.4.6 - Retail Sales for Selected Metropolitan Areas
(Billions of Dollars)
JUNE 1974
JUNE 1975
1.74
1.68
1.67
1.57 1.56
1.54
0.93
0.91
0.73
0.66
CHICAGO
LOS ANGELES
NEW YORK
DETROIT
SAN FRANCISCO
ILL.
LONG BEACH
N.Y.
MICH.
CALIF.
CALIF
SOURCE: Bureau of the Census
11 AUGUST 1975
FORD & LIBRARY DERALD
A.4.6 - Retail Sales of Chain Stores
(Eleven or More Stores)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
CHAIN STORES, TOTAL
$15.3
1.2%
9.6%
GENERAL MERCHANDISE, TOTAL
$6.4
0.6%
8,5%
BILLIONS
GROCERY STORES - - -
$5.7
1.9%
11.2%
BILLIONS
OF DOLLARS
OF DOLLARS
16
16
14
14
12
12
10
10
8
8
6
6
4
4
2
2
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
11 AUGUST 1975
Among the major metropolitan areas, San Francisco had the largest over-the-year
increase, followed by Los Angeles. New York posted the only decrease.
San Fransicso up 11.1 percent.
Los Angeles-Long Beach up 8.6 percent.
Chicago up 3.9 percent.
Detroit up 1.5 percent.
New York down 0.6 percent.
FORD & LIBRARY OFRALD
Chain Stores sales moved up for the second consecutive month.
Grocery chains up 1.9 percent.
A.4.7 - Sales of Merchant Wholesalers
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL
$36.2
2.1%
-3.0%
NONDURABLE GOODS
$21.2
3.6%
4.5%
BILLIONS
DURABLE GOODS
$15.0
0.0%
-11.8%
BILLIONS
OF DOLLARS
OF DOLLARS
40
40
35
35
30
30
25
25
20
20
15
15
10
10
RALD HERALD R. OR
LIBRARY
5
5
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
11 AUGUST 1975
A.4.7 - Inventories of Merchant Wholesalers
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL
$44.6
0.2%
5.4%
DURABLE GOODS
$27.6
-0.4%
12.5%
BILLIONS
NONDURABLE GOODS
$17.1
1.1%
-4.3%
BILLIONS
OF DOLLARS
OF DOLLARS
50
50
40
40
30
30
20
20
10
10
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
11 AUGUST 1975
Sales of Merchant Wholesalers continued the trend that was established in May.
Total Sales increased for the second consecutive month, up 2.1 percent.
Sales of Nondurable Goods, which accounted for almost the entire gain in
Total June Sales, rose for the second month in a row.
Sales of Durable Goods remained at the May level of $15.0 million.
Total Inventories were valued at $44.3 billion at the end of June, virtually
unchanged from May.
First time Total Inventories had not decreased since February.
Durable Goods stocks decreased 0.4 percent, up 12.5 percent from last year.
Nondurable Goods showed a 1.1 percent increase, the first since February
1975.
FORD & LIBRARY CERALD
A.5.2 - Manufacturers' Export Sales and Orders of Durable Goods
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL SALES
$4,576
8.3%
23.1%
TOTAL NEW ORDERS EXCLUDING
$3,531
2.5%
19.3%
MOTOR VEHICLES AND PARTS
-
TOTAL SALES EXCLUDING
$3,665
5.6%
18.9%
MILLIONS
MOTOR VEHICLES AND PARTS
MILLIONS
OF DOLLARS
OF DOLLARS
5000
5000
4500
4500
4000
4000
3500
3500
3000
3000
2500
2500
2000
2000
1500
1500
GERALD R. FORD
1000
1000
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
11 AUGUST 1975
A.5.2 - Manufacturers' Export Sales and Orders
Machinery, Electrical and Nonelectrical
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
NEW ORDERS
$2,190
12.2%
23.7%
MILLIONS
SALES - - -
$2,267
10.9%
35.1%
MILLIONS
OF DOLLARS
OF DOLLARS
2500
2500
2200
2200
1900
1900
1600
1600
1300
1300
1000
1000
700
700
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
11 AUGUST 1975
Export New Orders placed with Durable Goods Manufacturers Excluding Motor
Vehicle and Parts increased $85 million (2.5 percent).
Second consecutive monthly increase.
Total Export Sales rose $352 million from the revised May level.
The increases in Machinery Sales and Orders accounted for the gains in this sector of
the export market.
Machinery Sales represented almost two-thirds of Total Sales.
A $238 million increase in Machinery Orders substantially offset a $105 million
decline in Aircraft Orders.
FORD & LIBRARY GERALD
A.6.2 - Wholesale Price Index
(1967=100)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
FARM PRODUCTS
193.7
6.6%
7.1%
PROCESSED FOODS AND FEEDS
183.9
3.3%
10.2%
ALL COMMODITIES
174.8
1.2%
8.7%
INDUSTRIAL COMMODITIES
-
170,7
0.4%
8.5%
INDEX
INDEX
220
220
210
210
200
200
190
190
180
180
170
170
160
160
150
150
140
140
130
130
120
120
110
110
100
100
1971
1972
1973
1974
1975
GERALD
LIBRARY
SOURCE:BUREAU OF LABOR STATISTICS
11 AUGUST 1975
A.6.2 - Wholesale Price Index - Selected Farm Products
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
FRESH AND DRIED FRIUTS
205.5
7.8%
11.6%
AND VEGETABLES
GRAINS
225,8
10,6%
-11,3%
INDEX
INDEX
300
300
275
275
250
250
225
225
200
200
175
175
150
150
125
125
100
100
75
75
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
11 AUGUST 1975
All Commodities rose 1.2 percent in July after a small decline in June.
Industrial Commodities increased slightly in July.
Have not shown a decline since February, 1971.
Higher prices for Farm Products, Processed Foods and Feeds continue to dominate
the pattern of change.
Fresh and Dried Fruit and Vegetables up 7.8 percent.
Grains up 10.6 percent.
FORD & LIBRARY GERALD
A.6.2 - Wholesale Price Index - Selected Processed Foods and Feeds
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
REFINED VEGETABLE OILS
216.2
22.8%
-18.4%
ANIMAL FATS AND OILS
427.1
45.3%
48.6%
INDEX
INDEX
500
500
450
450
400
400
350
350
300
300
250
250
200
200
150
150
100
100
1971
1972
1973
1974
1975
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
SUGAR AND CONFECTIONERY
227.3
6.1%
-7.4%
MEATS, POULTRY, AND FISH
-
203.0
3.0%
25.4%
INDEX
INDEX
500
500
450
450
400
400
350
350
300
300
250
250
200
200
150
150
FORD
100
100
1971
1972
1973
1974
1975
GERAL,
RARI
SOURCE: BUREAU OF LABOR STATISTICS
11 AUGUST 1975
A.6.2 - Wholesale Price Index - Selected Industrial Commodities
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
FUELS AND POWER
246.6
1,5%
11.2%
HIDES, SKINS, LEATHER AND
149.3
0.4%
1.8%
RELATED PRODUCTS
INDEX
INDEX
300
300
275
275
250
250
225
225
200
200
175
175
150
150
125
125
100
100
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
11 AUGUST 1975
The sharpest increases in Processed Foods and Feeds were Animal Fats and Oils, and
Refined Vegetable Oils, up 45 percent and 23 percent respectively.
Sugar and Confectionery up 6.1 percent from June, but down 7.4 percent from July
1974.
First increase since November 1974 peak level of 422.8.
Meats, Poultry, and Fish were up 25 percent from July, 1974.
Fuels and related products and power were chiefly responsible for the July increase
in Industrial Commodities.
FORD is LIBRARY DERALD
A.10.3 - Net Change in Consumer Credit Outstanding
Total Credit
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
BILLIONS
TOTAL
$0.5
N/A
N/A
BILLIONS
OF DOLLARS
OF DOLLARS
2.5
2.5
2.0
2.0
1.5
1.5
1.0
1.0
0.5
0.5
0.0
0.0
-0.5
-0.5
-1.0
-1.0
1971
1972
1973
1974
1975
Installment and Noninstallment Credit
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
INSTALLMENT CREDIT
$0.422
N/A
N/A
BILLIONS
NONINSTALLMENT CREDIT
$0.123
N/A
N/A
BILLIONS
OF DOLLARS
OF DOLLARS
2.5
2.5
2.0
2.0
1.5
1.5
1.0
1.0
0.5
0.5
0.0
0.0
-0.5
-0.5
ORD
-1.0
1.0
1971
1972
RAL
1973
1974
1975
PRARI
SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
11 AUGUST 1975
A.10.3 - Net Change in Consumer Credit Outstanding
Components of Installment Credit
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
PERSONAL LOANS - - -
$0,206
N/A
N/A
BILLIONS
GOODS EXCEPT AUTOS
$0.177
N/A
N/A
BILLIONS
OF DOLLARS
OF DOLLARS
0.9
0.9
0.6
0.6
0.3
0.3
0.0
0.0
-0.3
-0.3
1971
1972
1973
1974
1975
SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
11 AUGUST 1975
Consumers added $545 million to their outstanding credit in June, a sharp gain from
May's $72 million increase.
Noninstallment Credit rose $123 million, a narrower margin than the May net
change of $197 million.
Installment Credit Outstanding advanced by $422 million in June, after declining in
six of the preceding seven months.
The advance in Installment Credit reflected gains in Consumer Goods Except
Automobiles and Personal Loans.
Nonauto Consumer Installment Credit expanded $177 million accounting for
42.0 percent of the total gain in Installment Credit.
Personal Loans rose $206 million, the largest increase since August 1974.
FORD & LIBRARY GERALD
A.10.3 - Consumer Installment Credit
Extensions and Repayments
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
EXTENSIONS -
$14.0
6.2%
-2.9%
BILLIONS
REPAYMENTS
$13.5
2.0%
2.1%
BILLIONS
OF DOLLARS
OF DOLLARS
15
15
14
14
13
13
12
12
11
11
10
10
9
1971
1972
1973
1974
1975 GERA R. THEY 9
SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
11 AUGUST 1975
A.10.3 - Consumer Installment Credit
Extensions and Repayments
Other Financial Lenders
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
EXTENSIONS - - -
$2.1
5.4%
5.0%
BILLIONS
REPAYMENTS
$1.8
-4.7%
-1,6%
BILLIONS
OF DOLLARS
OF DOLLARS
2.50
2.50
2.25
2.25
2.00
2.00
1.75
1.75
1.50
1.50
1.25
1.25
1.00
1.00
1971
1972
1973
1974
1975
SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
11 AUGUST 1975
Both Extensions and Repayments of Consumer Installment Credit rose in June,
although Extensions increased at a faster rate than Repayments.
Extensions totaled $13.96 billion, up $810 million from the $13.15 billion
volume in May.
Repayments of Installment Debt reached a new high of $13.54 billion in June,
an increase of $263 million from May.
$21 million above the previous high of $13.52 billion in December
1974.
Other Financial Lenders Credit Outstanding, which accounted for more than
three-fourths of the increase in Personal Loans, totaled $335 million.
FORD i LIBRARY 07V830
A.10.4 - Standard and Poor's Stock Price Indexes
(1941-43=10)
Not Seasonally Adjusted
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
425 INDUSTRIALS
99.68
-1.5%
11.6%
COMPOSITE-500 COMPANIES
88.83
-1.5%
12.0%
INDEX
INDEX
140
140
130
130
120
120
110
110
100
100
90
90
80
80
70
70
60
60
50
50
1971
1972
1973
1974
1975
SOURCE: STANDARD AND POOR'S
FORD & LIBRARY 9ERALD
11 AUGUST 1975
A.10.4 - Standard and Poor's Stock Price Indexes
(1941-43=10)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
UTILITIES
42.30
-1.9%
21.4%
RAILROADS
36.26
-0.5%
1.0%
INDEX
INDEX
70
70
60
60
50
50
40
40
30
30
20
20
1971
1972
1973
1974
1975
SOURCE: STANDARD AND POOR'S
11 AUGUST 1975
All four selected groups showed declines over the four-week period ended July 30.
Standard and Poor's Composite Index of 500 Companies down 5.7 percent.
425 Industrials down 5.8 percent.
Utilities down 4.3 percent.
Railroads down 7.6 percent.
Fourth consecutive weekly decline.
The sharpest decline for all four groups occurred during the week ended July 23.
FORD & LIBRANI GERALD
A.10.7 - Short-Term Interest Rates
Not Seasonally Adjusted
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
3-MONTH TREASURY BILLS
6.28%
0.2%
-19.9%
PERCENT
FEDERAL FUNDS
6.09%
-2.6%
-49.6%
PERCENT
PER ANNUM
PER ANNUM
15
15
14
14
13
13
12
12
11
11
10
10
9
9
8
8
7
7
6
6
5
5
4
4
3
3
1971
1972
1973
1974
1975
GERALD
LIBRARY
SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
11 AUGUST 1975
A.10.7 - Average Yield on 20-Year U.S. Government Bonds
Not Seasonally Adjusted
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
PERCENT
20-YEAR U.S. GOVERNMENT BONDS
8.41%
2.4%
-1.2%
PERCENT
PER ANNUM
PER ANNUM
9.0
9.0
8.5
8.5
8.0
8.0
7.5
7.5
7.0
7.0
6.5
6.5
6.0
6.0
5.5
5.5
1971
1972
1973
1974
1975
SOURCE: BOARD OF GOVERNOR OF THE FEDERAL RESERVE SYSTEM
11 AUGUST 1975
Interest Rates on 3-Month Treasury Bills posted a 5.0 percent increase over the
four-week period ending August 2.
Up 25.6 percent from the 1975 low of 5.00.
The Federal Funds Rate dropped 4.0 percent during the week ended July 9, from a
level of 6.31 to 6.06; but has increased 0.5 percent overall for the four-week period
ended August 6.
Up 18.7 percent from the 1975 low of 5.13.
Long-Term Interest Rates (20-Year U.S. Government Bonds) up 3.7 percent for the
five-week period ended August 6.
FORD & LIBRARY GERALD
E.1.1 - Number of Persons of Spanish Origin
March 1975
Millions
of Persons
12
11.20
11
10
9
8
7
6.69
6
5
4
3
2
1.67
143
1
0.74
067
0
Total
Mexican
Puerto
Cuban
Central
Other
Spanish
Rican
or South
Spanish
Origin
American
Source: Bureau of the Census
11 AUGUST 1975
FORD & LIBRARY GERALD
In March 1975 there were 11.2 million persons in the United States who reported
they were of Spanish origin.
Most of these persons, about 6.7 million, or 60 percent, were of Mexican origin.
Persons of Puerto Rican origin constituted about 1.7 million, or 15 percent of the
Spanish origin population.
In addition, there were 750 thousand persons of Cuban origin, 700 thousand of
Central or South American origin, and 1.4 million of other Spanish origin.
/
-
FORD & LIBRARY GERALD
E.1.1 - Income Distribution of Families
(All Families and Families of Spanish Origin, 1974)
Percent Under $2,000
Percent $25,000 or Over
12
10
8
6
4
2
0
0
2
4
6
8
10
12
All
2.6%
Families
11.5%
Total
3.9%
Spanish
4.8%
Origin
4.3%
Mexican
3.7%
3.2%
Puerto
Rican
2.5%
Other
3.3%
Spanish
8.9%
Source: Bureau of the Census
11 AUGUST 1975
FORD & LIBRARI ERALD
Family income in 1974 was lower for Spanish origin families than for all families in
the Nation.
The median family income in 1974 of Spanish origin families was $9,559,
compared with $12,836 for all families.
Only 5 percent of Spanish origin families had incomes over $25,000, but 12
percent of all families in the population had incomes over $25,000.
FORD is LIBRAR 07V83
E.1.1 - Persons 25 Years Old and Over
With 4 Years of High School or More
(All Persons and Persons of Spanish Origin, March 1975)
All
Persons
62.6%
Total
Spanish
Origin
379%
Mexican
310%
Puerto
Rican
287%
Cuban
51%
Other
Spanish
580%
0
10
20
30
40
50
60
70
80
90
100
Percent
Source: Bureau of the Census
11 AUGUST 1975
FORD & LIBRARY GERALD
Persons of Spanish origin lag behind the overall population in educational
attainment.
In March 1975 only 38 percent of the adults of Spanish origin were high school
graduates, while 63 percent of all adults had completed high school.
However, educational attainment gains are being made by younger persons of
Spanish origin.
FORD is LIBRARY GERALD