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Weekly Briefing Notes, 3/15/1976
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37296309
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Weekly Briefing Notes, 3/15/1976
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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-
Crime
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The original documents are located in Box 39, folder "Weekly Briefing Notes, 3/15/1976" 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 Gerald R. Ford donated to the United States of America his copyrights in all of his unpublished writings in National Archives collections.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 39 of the William J. Baroody Files at the Gerald R. Ford Presidential Library # THE VICE * WASHINGTON = * March 18, 1976 MEMORANDUM FOR BILL BAROODY Attached is this week's copy of the Weekly Briefing Notes. lucon WEEKLY BRIEFING NOTES TABLE OF CONTENTS FOR CALENDER YEAR 1976 March 15,1976 FREQUENCY LEGEND: W=Weekly: M=Monthly: Q=Quarterly: A=Annual: 0=0ther SECTION A-General Economic Indicators DATE SERIES LAST AP- PEARED IN BRIEFING NOTES Part 1-National Income and Product A.1.1 (Q) Gross National Product 1/26.2/23 A.1.2 (M) Personal Income 1/26.2/23 A.1.3 (Q) Corporate Profits A.1.4 (Q) Federal Receipts and Expenditures A.1.5 (Q) Business Investment Part 2 -Employment and Unemployment A.2.1 (M) Unemployment Rate 1/12,2/9,3/8 A.2.2 (M) Duration of Unemployment 1/12.2/9.3/8 A.2.3 (W) Unemployment Insurance A.2.4 (M) Labor Turnover 1/5,2/2,3/1 A.2.5 (M) Help Wanted Index 1/12,3/8 Part 3-Hours. Earnings and Productivity A.3.1 (M) Average Workweek. Manufacturing 1/19.2/16 A.3.2 (M) Compensation Per Man-hour 1/19.2/16 A.3.3 (Q) Productivity Indexes 2/2,3/1 A.3.4 (M) Real Earnings 1/26.2/23 A.3.5 (M) Work Stoppages 1/5,3/1 Part -Production and Trade A.4.1 (W) Industrial Production Index 1/19.2/23 A.4.2 (W) Production of Primary Metals 2/9 A.4.3 (M) Production and Sales of Transportation Equipment 1/12,2/9 A.4.4 (W) Manufactures' Shipments. Inventories. and Orders 1/5.1/26.2/9.3/1.3/8 A.4.5 (Q) Capacity Utilization 1/5.1/26 A.4.6 (M) Retail Sales 1/12.2/16 A.4.7 (M) Wholesale Trade: Sales and Inventories 1/12.2/16 A.4.8 (M) Manufacturing and Trade Inventories and Sales 1/19,2/16 A.4.9 (Q) Manufactures' Evaluation of Their Inventories Part 5-Foreign Trade and Balance of Payments A.5.1 (M) Exports and Imports 1/5,2/2,3/1 A.5.2 (M) Manufacturers' Export Sales and Orders of Durable Goods 1/12.2/9.3/8 A.5.3 (Q) Balance of Payments A.5.4 (A) Foreign Travel 1 Table of Contents-Continued Part 6-Prices A.6.1 (M) Consumer Price Index 1/26,2/23 A.6.2 (M) Wholesale Price Index 1/12.2/16.3/8 A.6.3 (W) Tuesday Spot Market Price Index 1/5 Part 7-Construction A.7.1 (M) Housing Construction 1/19.1/26,2/2.2/16.2/23.3/8 A.7.2 (M) Value of New Construction Work Done 1/5,2/9,3/8 Part 8-Energy, Raw Materials, and Commodities A.8.1 (W) Distribution of Electric Power A.8.2 (M) Production and Consumption of Fossil Fuels 2/9 Part 9-Agriculture A.9.1 (M) Farm Income and Expenses 1/5,2/2,3/1 Part 10-Money and Credit A.10.1 (W) Money Stock Measures A.10.2 (W) Bank Reserves A.10.3 (M) Consumer Credit 2/16 A.10.4 (W) Common Stock Prices A.10.5 (W) U.S. Government Securities A.10.6 (M) Business Credit A.10.7 (W) Interest Rates Part 11-Indicators of Business Activity A.11.1 (M) Composite Index of Leading Indicators 1/5,2/2,3/1 A.11.2 (M) New Business Incorporations 2/2 A.11.3 (M) Number of Business Failures Part 12 -Transportation A.12.1 (0) Commodity Transportation A.12.2 (0) Air and Water 2/9 2 Table of Contents-Continued Section B-General Social Indicators Part 1 - - Population B.1.1 Population Estimates (M) - Total Population (A) - Total Population by Age, Sex, Race (A) Rate of Growth (A) - Components of Change (Birth. Death. Net Immigration) 2/2 (A) Abortions (A) Total Fertility (0) - Population Projections B.1.2 Population Distribution (0) - Population by Size of Place (0) - Population in Rural and Urban Areas 1/12 B.1.3 Migration (A) Recent Movers (A) Migration by Region Part 2- The Family 8.2.1 Living Arrangements, Selected Characteristics (A) Age, Sex. and Race 1/19,3/8 (A) - Single Person Households (A) Children Living with Single Parents 1/19 (A) Average Family Size 3/8 B.2.2 Family Formation and Dissolution (A) Marital Status of the Population 1/19 (M) Marriage and Divorce Rates 1/19 (A) Marriages Ending in Divorce B.2.3 (0) - Attitudes Towards Family Life Part 3 Health B.3.1 Life Expectancy (A) At Birth (A) At Selected Ages (M.A) Death Rates by Cause (A) Leading Causes of Death (M,A)-Infant Mortality B.3.2 Morbidity (M) -Communicable Diseases (A) Acute Illness B.3.3 Disability (0) Days of Disability by Type (0) - Institutionalized Population (A) - Disability by Degree of Limitation and Cause (A) - Short-Term Disability B.3.4 Health Status Nutrition (0) o Dietary Intake (0) o Clinical Measurements (0) Obesity -Drugs (M) O Drug Deaths (M) O Drug Abuse Episodes (A) - Liquor Consumption (A) Smoking 3 Table of Contents-Continued (0) - Physical Fitness (0) - Perceived Health Status B.3.5 Health Care Delivery (A) - Physician and Dental Visits (A) Costs and Expenditures 1/12 (A) Facilities (A) Personnel (0) - Attitudes Toward Health Care Part 4 - Education B.4.1 Educational Achievement. Selected Characteristics (0) Math. Science. Reading. Writing (0) Music, Art. Literature. Citizenship B.4.2 Attainment (A) -High School Graduation Rate (A) - The High School Educated Population by Race and Sex (A) College Educated Population by Race and Sex B.4.3 School Enrollment (A) Primary and Secondary School (A) - Preprimary by Age. Race. Income (A) Modal Grade Enrollment by Sex. Race and Age (0) High School Students Expecting to go to College (0) College Entrance Rates by Sex. Race. and Socioeconomic Status (A) College Enrollment 2/23 (0) Participation in Adult Education B.4.4 Educational Facilities and Personnel (A) Schools. Classrooms (A) - Teachers. Administrative. Others B.4.5 Costs and Expenditures (0) - Expected Student Expenses. Higher Education (A) - Expenditures by Level of Government Part 5 Work B.5.1 Labor Force. Employment and Unemployment (A) Labor Force Participation (A) Part-time. Part-year Workers (A) - Employment by Occupation (M. A) - Unemployment (Q) Discouraged Workers (A) - Labor Union Membership B.5.2 Earnings (A) Median Earnings B.5.3 Working Conditions (A) Regular and Overtime Hours (A) Work Injuries by Occupation (0) - Time. Distance, and Mode of Transportation to Work B.5.4 Benefits (0) - Vacations, Holidays (A) - Benefit Plans B.5.5 Retirement (A) - Persons Retiring From Work 4 Table of Contents-Continued (0) Work Life Expectancy (A) Retirement Benefits Part 6-Income. Consumption, and Wealth B.6.1 Income Levels (A) Median Family Income 2/2 (A) * Composition of Family Income (A) Per Capita Income B.6.2 Distribution of Income (A) Age. Race. and Sex (A) Regional Differences (A) - Income Dispersion B.6.3 Poverty 2/2 B.6.4 Consumption (Q) - Personal Consumption Expenditures 2/2 (A) Consumption of Durable Goods B.6.5 Wealth (0) - Wealth and Net Worth of Consumer Units (0) Composition of Wealth B.6.6 Consumer Borrowing and Debt (A) Amount of Debt Outstanding (A) Debt/Income Ratio B.6.7 Consumer Attitudes (M) Attitudes Toward Energy Use (Q) Attitudes Toward the Economy 2/2 Part Housing B.7.1 Housing Conditions (A) Average Size of Households (A) Households Lacking Selected Facilities by Size. Race. Tenure. and Location (A) Average Number of Persons Per Room B.7.2 Home Tenure (A) Single Family Dwellings (A) Mobile Homes (A) - Condominiums and Other Multi- Unit Structures 1/5 (A) - Vacation Homes B.7.3 Cost and Expenditures (A) Average Mortgage Payments (A) Upkeep and Maintenance 1/5 (A) Average Rental Payments (M) Median Price for New One-Family Homes 8.7.4 Attitudes Towards Housing and the Community Part 8-Leisure and Recreation B.8.1 Use of Leisure Time B.8.2 Recreation (0) Outdoor (Social, Active Sports. etc) (A.O) - Indoor (Television, Visiting, Other) Part 9- Public Safety B.9.1 Crimes Known to Police (Q.A) Violent 1/5 (Q.A) - Property 1/5 B.9.2 Victims of Crime. Selected Characteristics (A) Violent 5 Table of Contents-Continued (A) Property 3/1 B.9.3(0) Fear of Crime, Selected Characteristics B.9.4 Police Activity (A) - Persons Arrested by Charge (A) Offenses Cleared B.9.5 Judicial Activity (A) - Persons Sentenced for Federal Crimes B.9.6 Prisoners: Adults and Juveniles (A) - Prisoners by Sentence (A) - Average Length of Sentence (A) - Persons Executed and Sentenced to Death (A) - Average Prison Population B.9.7 (A) Expenditures for Administration of Criminal Justice B.9.8 Selected Studies (0) Firearms identification 3/8 6 Table of Contents-Continued SECTION C-Government Activity Part 1 Social Welfare and Security C.1.0 Social Welfare and Security General 2/16 C.1.1 Social Security (OASDHI) (M) - Current Beneficiaries (M) - New Beneficiaries (M) - Average Payment C.1.2 Old Age Assistance (M) - Benefits Paid (M) Recipients C.1.3 Aid to the Disabled (M) Blind (M) Deaf (M) -Other C.1.4 Aid to Families with Dependent Children (M) - Recipients (M) - Benefits C.1.5 Unemployment Insurance Coverage (M) - Benefits Paid (M) - Recipients C.1.6 Housing Assistance (M) Recipients (M) Benefits C.1.7 Food Stamps (M) Recipients (M) - Benefits C.1.8 Aid to Disaster Victims (A) Recipients (A) Benefits C.1.9 Veterans Benefits (M) Recipients (M) Benefits Part 2- - Equal Opportunity C.2.1 Equal Employment Opportunity (A) - Minority Employment 1/26 (A) Earnings, Promotions. etc 1/26 C.2.2 School Desegregation (A) - Students Attending Predominantly Minority Schools (A) - -Public/Private Enrollment and Control Part 3 Government Operation C.3.1 Federal Employment (M) Employees 1/26 (M) Payroll 1/26 C.3.2 State and Local Employment (M) - Employees (M) Payroll 7 Table of Contents-Continued SECTION D-Environment, Science, Culture Part 1 - Environment D.1.1 Air Quality (A) Amount of Pollutants Released Into the Atmosphere (A) - Ambient Air Quality. Nationwide. Major Cities (0) - Perceived Quality D.1.2 Water Quality (A) -Miles of Streams Meeting EPA Standards (A) -Oil Spills. Fish Kills (0) - Eutrophication of Lakes D.1.3(0) Hazardous Substances (A) - Amounts Produced (A) - Concentration in Biosphere D.1.4 Ecological Balances (A) -Endangered Species (Plant and Animal) (0) -Critical Areas (Coastal Zones) (A) - Land/People Density Part Science D.2.1 Professionals in Basic Research (A) -By Speciality (A) - Person Years of Scientists. Engineers Engaged in R&D D.2.2 Expenditures for Research and Development (A) - Private Industry (A) - Government D.2.3 Science Achievement in Schools (0) - Secondary Schools (0) -Higher Education D.2.4 Public Attitudes Toward Science and Technology Part 3- Culture D.3.1 (0) Persons Employed in Artistic Professions D.3.2 (0) Children's Skill and Appreciation of Literature. Arts. Music D.3.3 Participation in Cultural Activities (A) - Voluntary Organizations (A) - Travel (A) - Hobbies. Sports. Music. etc D.3.4 Attendance at Cultural Events (A) -Plays. Galleries. Motion Pictures (A) -Concerts. Museums. etc 8 Table of Contents-Continued SECTION E-Selected Subjects E.0.1 (A) - Spanish Origin Population E.0.2 (A) -Metropolitan and Nonmetropolitan Population E.0.3 (0) - Shareownership of Public Corporations 1/19 E.0.4 (0) -Driver Licenses 1/19 E.0.5 (0) -Trends in Employment of College and University Graduates in Business and Industry 3/1 9 WEEKLY BRIEFING NOTES ON U.S. DOMESTIC DEVELOPMENTS Prepared for the President and the Vice President FORD & LIBRARY GERALD MARCH 15, 1976 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 GERALD Week of March 15, 1976 SOURCES OF DATA Plant and Equipment Expenditures U.S. Department of Commerce, Bureau of Economic Analysis, "Survey of Current Business" Average Workweek U.S. Department of Labor, Bureau of Labor Statistics, "Employment and Earnings Statistics for the United States" Hourly Earnings of Production Workers U.S. Department of Labor, Bureau of Labor Statistics, "Employment and Earnings Statistics for the United States" Raw Steel Production American Iron and Steel Institute, "Production of Iron and Steel" Sales of Motor Vehicles U.S. Department of Commerce, Bureau of Economic Analysis, "Survey of Current Business" Motor Vehicle Manufacturers Association, "1975 Automobile Facts and Figures" 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" Housing Construction U.S. Department of Commerce, Bureau of the Census, "Construction Reports," Series C Money Stock Board of Governors of the Federal Reserve System, Statistical Release H.6, "Money Stock Measures" Consumer Credit Board of Governors of the Federal Reserve System, Statistical Release G.19, "Consumer Credit" Common Stock Prices Standard and Poor's, "Standard and Poor's Stock Price Index" Population of Voting Age U.S. Department of Commerce, Bureau of the Census, Current Population Reports, Series P-25, "Projections of the Population of Voting Age, November, 1976" (to be released) Natality, Marriage, Divorce, Death Rates U.S. Department of Health, Education, and Welfare, National Center for Health Statistics, "Monthly Vital Statistics Report" Vol. 24, No. 11; and "1970 Vital Statistics of the United States, "Vols. I, II, and III School Enrollment, Costs and Expenditures U.S. Department of Health, Education, and Welfare, National Center for Education Statistics, Fall 1975 Statistics of Public Schools (Advance Report) Week of March 15, 1976 TABLE OF CONTENTS SERIES GERALD FORD LIBRARY 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 Production and Sales of Transportation Equipment 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 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 March 15, 1976 TABLE OF CONTENTS-Continued FORD i LIBRARY GERALD 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 X A.11.2 Number of New Business Incorporations X A.11.3 Number of Business Failures X Part 12 - Transportation A.12.1 Commodity Transportation X SECTION B-General Social Indicators Part 1-Population B.1.1 Population Estimates - Total Population X - Total Population by Age, Sex, and Race X - Rate of Growth X - Components of Change (Births, Deaths, Net Immigration) X - Population Projections X - Abortion X B.1.2 Population Distribution - Population by Size of Place X - Population in Rural and Urban Areas X B.1.3 Migration - Recent Movers X - Migration by Region X Week of March 15, 1976 TABLE OF CONTENTS-Continued SERIES FORD is LIBRARY GERALD 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 Morbidity - Communicable Diseases X - Acute Illness X B.3.3 Disability - Days of Disability by Type X - Institutionalized Population X - Disability by Degree of Limitation and Cause X - Short-Term Disability X B.3.4 Health Status - Nutrition Dietary Intake Clinical Measurements - Obesity X X X - Drugs Drug Deaths X Drug Abuse Episodes X Liquor Consumption X - Smoking X - Physical Fitness X - Perceived Health Status X Week of March 15, 1976 TABLE OF CONTENTS-Continued SERIES LIBRARY GERALD R. FORD 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 B.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 - Labor Union Membership X B.5.2 Earnings - Median Earnings, Selected Characteristics X Week of March 15, 1976 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 - Transportation to Work-Time, Distance, and Mode 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 - Composition of Family Income - Per Capita Income X X 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 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 March 15, 1976 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 Multiunit 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 March 15, 1976 TABLE OF CONTENTS-Continued SERIES GERALD 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 - Recipients X - Benefits X 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 March 15, 1976 TABLE OF CONTENTS-Continued SERIES GERALD 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 and Finances - 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 Scientific Fields - 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 1 Week of March 15, 1976 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 A.1.5 - Expenditures for New Plant and Equipment Seasonally Adjusted Annual Rate 4 TH Q CHANGE CHANGE 1975 LAST PER. YEAR AGO GERALD LIBRARY FORD R. ALL INDUSTRIES $111.8 -0.3% -3.8% NONMANUFACTURING $65.0 0.3% -4.6% BILLIONS MANUFACTURING $46.8 -1.2% -2.6% BILLIONS OF DOLLARS OF DOLLARS 125 125 115 115 105 Actual Expected 105 Expenditures Expenditures 95 95 85 85 75 75 65 65 55 55 45 45 35 35 25 25 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF ECONOMIC ANALYSIS 15 MARCH 1976 FORD & LIBRARY 938470 A modest decline in actual Capital Spending in current dollars continued into the fourth quarter of 1975. Actual fourth quarter 1975 Capital Spending of $111.8 billion was considerably below the anticipated fourth quarter expendi- ture of $114.8 billion predicted by the previous survey. Consequently, total annual expenditure of $112.8 billion for new Plant and Equipment in 1975 was only 0.3 percent above 1974, the smallest rise since 1961. Capital Spending is slated to increase 6.5 percent in 1976 to an annual rate of $120.1 billion. Manufacturing industries investment will rise 8 percent to $51.8 billion, while Nonmanufacturing industries expect a 5- percent increase to $68.2 billion. The expected 1976 boost in Capital Spending will not outrun the pro- jected pace of inflation. However, the predicted 1976 decline of 3 or 4 percent in real dollars will be a significant improvement over the indicated 1975 decline of 10 percent. A.1.5 - Plant and Equipment Expenditures Components of Manufacturing Industries 1974 Actual 1975 Actual FORD is LIBRARY GERALD 1976 Expected $22.62 Durable Goods $21.84 $22.93 $7.39 Machinery Industries $6.81 $7.62 $4.95 Primary Metals $5.99 $5.73 $23.39 Nondurable Goods $26.11 $28.92 $8.00 Petroleum $10.51 $11.63 $3.25 Foods $3.26 $3.92 0 5 10 15 20 25 30 Billions of Dollars Source: Bureau of Economic Analysis 15 March 1976 A.1.5 - Plant and Equipment Expenditures Components of Nonmanufacturing Industries 1974 Actual 1975 Actual 1976 Expected FORD & LIBRARY CERALD $3.18 Mining $3.79 $3.88 $6.66 Transportation $7.57 $6.23 $20.55 Public Utilities $20.14 $23.24 0 5 10 15 20 25 30 Billions of Dollars Source: Bureau of Economic Analysis 15 March 1976 By the end of 1976, investment in Nondurable Goods is expected to increase 10.8 percent over the 1975 level. The largest investment increases will be recorded in petroleum and in the food industry. Durable Goods investments are expected to increase only 5.0 percent over the 1975 level. A slight decline in Primary Metals is projected to be more than offset by a nearly 12-percent increase in the Machinery industries. A $3.1 billion projected increase for public utilities accounts for over 90 percent of the total 1976 projected increase in !lonmanufacturing industries. Transportation is slated to drop 17.7 percent, with substantial declines reported for all sectors. In 1975, the major increases were recorded in Transportation and Mining. A.3.1 - Average Workweek FORD LIBRARY & GERALD THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO MANUFACTURING 40.3 -0.5% 3.9% CONSTRUCTION 37.9 0.5% 3.0% AVERAGE PRIVATE NONAGRICULTURAL 36.5 -0.3% 1.1% AVERAGE WEEKLY HOURS WEEKLY HOURS 42 42 41 41 40 40 39 39 38 38 37 37 36 36 35 35 34 34 1971 1972 1973 1974 1975 1976 Components of Manufacturing THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO DURABLE MANUFACTURING 40.6 -0.7% 2.3% AVERAGE NONDURABLE MANUFACTURING 39.7 -0.5% 5.6% AVERAGE WEEKLY HOURS WEEKLY HOURS 42 42 41 41 40 40 39 39 38 38 37 37 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF LABOR STATISTICS A.3.1 - Average Overtime in Manufacturing THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO FORD i LIBRARY GERALD FACTORY OVERTIME 3.0 0.0% 25.0% HOURS HOURS 4.0 4.0 3.5 3.5 3.0 3.0 2.5 2.5 2.0 2.0 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF LABOR STATISTICS 15 MARCH 1976 The Average Workweek for all production or nonsupervisory workers on Private Nonfarm Payrolls suffered its first setback since September 1975. Down 0.1 hour in February. All component industries rose except Manufacturing. Contract Construction posted the largest gain, up 0.2 hour. The Manufacturing Workweek was the key factor in the decline, dropping 0.2 hour to 40.3 hours. Both Durable and Nondurable Manufacturing declined, down 0.3 hour and 0.2 hour, respectively. Factory Overtime was reported at 3.0 hours for the third consecutive month. A.3.2 - Average Hourly Earnings of Production Workers THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO FORD & LIBRARY GERALD CONTRACT CONSTRUCTION $7.46 -0.3% 6.9% MANUFACTURING $5.02 0.4% 7.3% PRIVATE NONAGRICULTURAL - $4.75 0.4% 7.2% FINANCE, REAL ESTATE, EINSURANCE $4.35 2.4% 8.2% DOLLARS DOLLARS 8.00 8.00 7.50 7.50 7.00 7.00 6.50 6.50 6.00 6.00 5.50 5.50 5.00 5.00 4.50 4.50 4.00 4.00 3.50 3.50 3.00 3.00 2.50 2.50 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF LABOR STATISTICS 15 MARCH 1976 FORD & 038470 LIBRARY Average Hourly Earnings of production or nonsupervisory workers posted a 2-cent gain in February. All component industries contributed to the increase except Contract Construction, which declined 2 cents. First decline since last July. Finance, Real Estate, and Insurance led the increase, rising 10 cents. Largest monthly gain on record. Manufacturing edged up 2 cents. A.4.2 - Weekly Production of Raw Steel FORD & LIBRARY GERALO Not Seasonally Adjusted THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO THOUSANDS PRODUCTION OF RAW STEEL 2,468 0.4% -11.4% THOUSANDS OF TONS OF TONS 3250 3250 3000 3000 2750 2750 2500 2500 2250 2250 2000 2000 1750 1750 1500 1500 1250 1250 1000 1000 750 750 1971 1972 1973 1974 1975 1976 SOURCE: AMERICAN IRON AND STEEL INSTITUTE 15 MARCH 1976 FORD & LIBRARY GERALD Production of Raw Steel edged up in the week ended March 6. Up only 0.4 percent compared to a 2.2-percent increase the previous week. Fourth consecutive rise to the highest level since last April. Since the December 27 low of 1,827,000 tons, the upturn in production amounts to a total gain of 35.1 percent. However, production remains 11.4 percent below the level recorded in the comparable week of 1975. A.4.3 - Retail Unit Sales of New Passenger Cars Seasonally Adjusted at Annual Rates THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO FORD is LIBRARY OTHERO TOTAL SALES 10.2 6.3% 12.1% SALES OF DOMESTIC CARS 8.9 6.0% 23.6% MILLIONS SALES OF IMPORTED CARS 1.3 8.3% -31.6% MILLIONS OF UNITS OF UNITS 14 14 13 13 12 12 11 11 10 10 9 9 8 8 7 7 6 6 5 5 4 4 3 3 2 2 1 1 0 0 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF ECONOMIC ANALYSIS 15 MARCH 1976 A.4.3 - Imports as a Percent of Total New Car Sales THIS CHANGE CHANGE LIBRARY GERALD R. FORD PERIOD LAST PER. YEAR AGO IMPORTS-PERCENT OF TOTAL SALES 12.8 2.0% -38.9% PERCENT PERCENT 24 24 22 22 20 20 18 18 16 16 14 14 12 12 10 10 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF ECONOMIC ANALYSIS 15 MARCH 1976 Reflecting a strong increase in Sales of Domestic Cars, Total Retail Sales of New Passenger Cars exceeded the 10-million mark in February (seasonally adjusted at annual rates); the first time since August 1974 when 10.8 million cars were sold. Third consecutive monthly increase for a total gain of 17.2 percent since November. Import Sales recovered somewhat from January's 14.3-percent decline, increasing 8.3 percent. During the first 2 months of 1976, Domestic Sales captured the largest share of the total sales market in the past 5 years. The Imports' share of Total Sales improved slightly from January's record low of 12.5 percent. A.4.6 - Monthly Retail Sales February Advance FORD & LIBRARY GERALD THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO RETAIL SALES, TOTAL $52.34 1.6% 11.6% TOTAL, EXCLUDING AUTOMOTIVE $42.24 0.7% 9.7% NONDURABLE GOODS $35.12 0.7% 8.9% BILLIONS DURABLE GOODS - - - $17.22 3.5% 17.5% BILLIONS OF DOLLARS OF DOLLARS 55 55 50 50 45 45 40 40 35 35 30 30 25 25 20 20 15 15 10 10 5 5 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF THE CENSUS 15 MARCH 1976 FORD j LIBRARY GERALD Advance figures indicate that Retail Sales rose 1.6 percent in February, reaching a new high of $52.3 billion following January's 0.9-percent dip to $51.5 billion (revised). Spurred by a strong increase in Automotive Sales, Durable Goods recover- ed from January's 1.4-percent slide--rising 3.5 percent to $17.2 billion. Nondurable Goods edged up 0.7 percent reaching $35.12 billion. A.4.6 - Monthly Retail Sales Components of Durable Goods THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO GERALD FORD LIBRARY AUTOMOTIVE DEALERS $10.10 5.5% 20.0% BLDG. M'TLS, HARDWARE,& $3.12 2.3% 13.9% BILLIONS FARM EQUIPMENT DEALERS BILLIONS OF DOLLARS OF DOLLARS 11 11 9 9 7 7 5 5 3 3 1 1 1971 1972 1973 1974 1975 1976 Components of Nondurable Goods THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO GROCERY STORES $10.47 -0.8% 5.8% DEPARTMENT STORES $5.43 5.4% 14.6% BILLIONS APPAREL AND ACCES. STORES, TOTAL $2.46 4.4% 12.3% BILLIONS OF DOLLARS OF DOLLARS 12 12 10 10 8 8 6 6 4 4 2 2 0 0 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF THE CENSUS FORD in LIBRARY GERALD The upswing in Durable Goods sales was largely attributable to a healthy turnaround reported by Automotive Dealers. A 5.5-percent increase boosted Automotive sales to a new high of $10.1 billion. Sales of Building Materials, Hardware, and Farm Equipment continued to climb, reaching $3.12 billion; a 2.3-percent increase over January. A 2-month hike of 5.6 percent. An 0.8-percent dip in Grocery Store sales was offset by strong increases in sales of other Nondurable Goods. Department Store sales rose 5.4 percent after a 5.1-percent slide the previous month. Apparel and Accessory Stores posted the sharpest increase since August 1975--a 4.4-percent rise to a new high of $2.46 billion. A.4.7 - Sales of Merchant Wholesalers FORD LIBRARY & GERALD THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL SALES $38.17 2.2% 4.1% NONDURABLE GOODS $21.40 0.8% 3.6% BILLIONS DURABLE GOODS $16.77 4.0% 4.7% BILLIONS OF DOLLARS OF DOLLARS 40 40 35 35 30 30 25 25 20 20 15 15 10 10 5 5 0 0 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF THE CENSUS 15 MARCH 1976 A.4.7 - Sales of Merchant Wholesalers Components of Durable Goods THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO FORD & LIBRARY GERALD MACHINERY, EQUIPMENT, E SUPPLIES $4.67 8.9% 0.6% MOTOR VEHICLES, AUTOMOTIVE EQUIP. $3.12 -1.5% 22.3% BILLIONS ELECTRICAL GOODS $2.34 4.8% 21.3% BILLIONS OF DOLLARS OF DOLLARS 5 5 4 4 3 3 2 2 1 1 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF THE CENSUS 15 MARCH 1976 Preliminary data indicate that: January Sales of Merchant Wholesalers rose for the second straight month, 2.2 percent above December's revised level of $37.36 billion. Still 1.7 percent below the August 1974 high of $38.83 billion. Sales of Durable Goods increased 4 percent to a level of $16.77 billion, 5.2 percent below the high in September 1974. Machinery, Equipment, and Supplies rose a sharp 8.9 percent to a near-record level of $4.67 billion. Electrical Goods recorded a new high, increasing 4.8 percent to a level of $2.34 billion. Motor Vehicles, Automotive Equipment declined 1.5 percent following a 2-month rise of 13.7 percent. Nondurable Goods edged up 0.8 percent, after declining in 3 of the past 4 months. A.4.7 - Inventories of Merchant Wholesalers THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL INVENTORIES GERALD FORD LIBRABY $45.62 1.1% -1.3% DURABLE GOODS $28.04 2.1% -1.2% BILLIONS NONDURABLE GOODS $17.58 -0.3% -1.3% BILLIONS OF DOLLARS OF DOLLARS 50 50 45 45 40 40 35 35 30 30 25 25 20 20 15 15 10 10 5 5 0 0 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF THE CENSUS 15 MARCH 1976 A.4.7 - Inventories of Merchant Wholesalers Components of Durable Goods THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO FORD & LIBRARY GERALD MACHINERY, EQUIPMENT, E SUPPLIES $8.67 2.6% 8.4% METALS, METALVORKC EXCEPT SCRAP) $3.93 4.4% -6.2% BILLIONS BILLIONS OF DOLLARS OF DOLLARS 10.0 10.0 8.0 8.0 6.0 6.0 4.0 4.0 2.0 2.0 0.0 0.0 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF THE CENSUS 15 MARCH 1976 Inventories of Merchant Wholesalers were valued at $45.62 billion, 2 percent below the all-time high of $46.56 billion recorded in December 1974. First increase in 3 months. Inventories of Durable Goods rose 2.1 percent, reaching a level of $28.04 billion, the highest level since March 1975. Metals, Metalwork (Except Scrap) rose 4.4 percent, halting a 9-month decline totaling 18.5 percent. Machinery, Equipment, and Supplies rose 2.6 percent to a level of $8.67 billion, 0.5 percent below the October 1975 high. Nondurable Goods declined for the fourth straight month, dipping 0.3 percent in January. A.7.1 - New Housing Units Under Construction Not Seasonally Adjusted FORD & LIBRARY GERALD THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL UNITS UNDER CONSTRUCTION 987 -1.8% -12.2% UNITS IN MULTIUNIT STRUCTURES 466 -1.6% -27.0% THOUSANDS SINGLE FAMILY HOUSING UNIT 521 -2.0% 7.4% THOUSANDS OF UNITS OF UNITS 2100 2100 1800 1800 1500 1500 1200 1200 900 900 600 600 300 300 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF THE CENSUS 15 MARCH 1976 A.7.1 - New Housing Units Under Construction, by Region Not Seasonally Adjusted January,1975 Thousands January,1976 of Units 600 508 BERALD FORD LIBRARY 500 423 400 300 235 224 189 192 200 190 151 100 0 Northeast North South West Central Source: Bureau of the Census 15 March 1976 Units Under Construction declined for the third consecutive month, down 1.8 percent in January. Dipped below the 1,000,000 mark for the first time since March 1971. The 18,000-unit decline was evenly distributed among Single Family Units and Units in Multiunit Structures. Over the past year, Housing Units Under Construction declined in all regions. The Southern region led the decline, off 85,000 units from January 1975. A.7.1 - New Housing Units Completed Seasonally Adjusted Annual Rates FORD & LIBRARY GERALD THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL UNITS COMPLETED 1,176 -10.4% -24.0% SINGLE FAMILY HOUSING UNITS 903 -8.1% -5.8% THOUSANDS UNITS IN MULTIUNIT STRUCTURES 273 -17.3% -53.6% THOUSANDS OF UNITS OF UNITS 2250 2250 2000 2000 1750 1750 1500 1500 1250 1250 1000 1000 750 750 500 500 250 250 1971 1972 1973 1974 1975 1976 SOURCE: BUREAU OF THE CENSUS 15 MARCH 1976 A.7.1 - New Housing Units Completed, by Region Not Seasonally Adjusted 1974 Thousands 1975 of Units 800 738 LIBRARY GERALD R. FORD 600 522 400 369 359 308 285 226 200 181 0 Northeast North South West Central Source: Bureau of the Census 15 March 1976 Housing Units Completed declined sharply in February, dropping 10.4 percent to a seasonally adjusted annual rate of 1,176,000 units. At 903,000, Single Unit Completions were 80,000 less than December. Multiunit Structures declined a further 17.1 percent to 273,000, the lowest level since the survey began in 1968. The Total Number of Housing Units Completed in 1975 was 1,295,500, down considerably from the 1,691,700 completions in 1974. By dropping from 738,000 to 522,000 Completions, the South accounted for 55 percent of the total decline. A.10.1 - Money Stock Measures LIBRARY GERALD ? FORD THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO M5=M3+LARGE NEGOTIABLE $1,191 0.8% 9.7% CERTIFICATES OF DEPOSIT M3=M2+DEP0SITS OF NONBANK $1,116 1.2% 12.2% THRIFT INSTITUTIONS M2=M1+TIME DEPOSITS AT $677 1.2% 9.5% BILLIONS COMM'L BANKS EXCL. LARGE CD'S BILLIONS OF DOLLARS M1=CURRENCY, PLUS $297 0.6% 5.4% OF DOLLARS 1200 DEMAND DEPOSITS 1200 1100 1100 1000 1000 900 900 800 800 700 700 600 600 500 500 400 400 300 300 200 200 100 100 0 0 1971 1972 1973 1974 1975 1976 SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 15 MARCH 1976 FORD is LIBRARY GERALD All measures of the Money Stock showed substantial growth during February. M2 and M3 posted the largest monthly increases since the steep upswing of early summer, 1975. For the 3 months ended in February, Money Stock growth was roughly comparable with the previous 3-month period as two of the measures increased while the other two decreased. Seasonally Adjusted Annual Rates (Percent) August-November November-February M1 3.4 1.6 M2 6.8 9.3 M3 9.6 10.9 M5 10.0 8.0 A.10.1 - Percent Change in Money Supply PERCENT Seasonally Adjusted Annual Rates PERCENT ANNUAL RATES ANNUAL RATES 20 20 15 M5 9.7% 15 10 10 5 5 0 0 -5 -5 -10 -10 20 20 M3 14.5% 15 15 10 10 5 5 0 0 -5 -5 -10 -10 20 20 M2 14.4% BERALD R. FORD 10 15 15 10 5 5 0 0 -5 -5 -10 -10 20 20 M1 6.5% 15 15 10 10 5 5 0 0 -5 -5 -10 -10 1971 1972 1973 1974 1975 1976 SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 15 MARCH 1976 LIBRARY GERALD R. FORD All Money Stock measures posted large dollar advances in February. M1, the total of private checking account deposits plus currency in circulation, posted the largest increase since November, up $1.6 billion compared to a $0.3 billion rise in January. M2, the more inclusive total of currency in circulation and all private bank deposits except large denomination certificates, rose $8.0 billion compared to a $5.7 billion gain the previous month. M3, which is comprised of M2 plus all private deposits at thrift institutions; i.e., mutual savings banks, savings and loan institutions, and credit unions, posted a $13.3 billion gain following the $10.5 billion rise in January. M5, the comprehensive total of M3 and large denomination bank certificates, posted the largest advance in 3 months, up $9.5 billion. A.10.3 - Net Change in Consumer Installment FORD & LIBRARY GERALD Credit Outstanding THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO BILLIONS TOTAL INSTALLMENT CREDIT $1.29 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 1971 1972 1973 1974 1975 1976 SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 15 MARCH 1976 A.10.3 - Net Change in Consumer Installment Credit Outstanding By Credit Type THIS CHANGE CHANGE FORD & LIBRARY GERALD PERIOD LAST PER. YEAR AGO AUTOMOBILE $.488 N/A N/A OTHER CONSUMER GOODS $.625 N/A N/A BILLIONS AND PERSONAL LOANS BILLIONS OF DOLLARS OF DOLLARS 1.00 1.00 0.75 0.75 0.50 0.50 0.25 0.25 0.00 0.00 -0.25 -0.25 -0.50 -0.50 1971 1972 1973 1974 1975 1976 SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 15 MARCH 1976 The $1.29 billion rise in Consumer Installment Credit Outstanding, an acceleration of December's $894 million increase, was the largest increase since the $1.48 billion increase of August 1974. Among major credit types, Automobile Credit gained $488 million in January--less than the $54.0 million registered in December, but above all other months since September 1973. Credit Outstanding for Other Consumer Goods and Personal Loans was extremely active, with the increase of $625 million exceed- ing all other gains since the summer of 1974. A.10.3 - Consumer Installment Credit Extensions and Liquidations FORD & LIBRARY GERALD THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL INSTALLMENT CREDIT $16.21 6.0% 26.1% EXTENDED TOTAL INSTALLMENT CREDIT $14.91 3.5% 12.3% BILLIONS LIQUIDATED BILLIONS OF DOLLARS OF DOLLARS 17 17 16 16 15 15 14 14 Net change in consumer 13 installment credit 13 outstanding 12 12 11 11 10 10 9 9 1971 1972 1973 1974 1975 1976 SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 15 MARCH 1976 A.10.3 - Consumer Installment Credit GERALD FORD LIBRARY Components of Extensions THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO OTHER CONSUMER GOODS $8.71 8.2% 24.6% AND PERSONAL LOANS BILLIONS AUTOMOBILE $4.51 2.4% 35.3% BILLIONS OF DOLLARS OF DOLLARS 9 9 8 8 7 7 6 6 5 5 4 4 3 3 2 2 1971 1972 1973 1974 1975 1976 SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 15 MARCH 1976 A 6-percent increase in Extensions of Credit exceeded the 3.5-percent increase in Liquidations, resulting in a $1.29 billion rise in Install- ment Credit Outstanding in January. Extensions advanced for the eighth consecutive month to another new high of $16.21 billion. Extensions of Other Consumer Goods and Personal Loans surged 8.2 percent to a high of $8.71 billion. Automobile Credit Extensions recorded a new high of $4.51 billion, increasing 2.4 percent. Liquidations increased 3.5 percent to a new high of $14.91 billion, aided by a large increase in liquidations of automobile credit. NOTE: The former term "repayments" has been replaced by the more comprehensive term "liquidations," although no change is reflected in the data. Data reported previously in the Consumer Credit release as "repayments" also included debits such as charge-offs and refunds, and thus "liquidations" is a more re- presentative term. A.10.4 - Standard and Poor's Stock Price Indexes Not Seasonally Adjusted (1941-43=10) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO GERALD FORD LIBRARY 425 INDUSTRIALS 112.38 -1.7% 25.2% COMPOSITE - 500 COMPANIES 99.98 -1.7% 24.3% 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 1976 SOURCE: STANDARD AND POOR'S 15 MARCH 1976 A.10.4 - Standard and Poor's Stock Price Indexes Not Seasonally Adjusted (1941-43=10) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO GERALD FORD LIBRARY UTILITIES 45.80 -2.0% 15.6% RAILROADS 43.72 -0.5% 14.6% INDEX INDEX 70 70 60 60 50 50 40 40 30 30 20 20 1971 1972 1973 1974 1975 1976 SOURCE: STANDARD AND POOR'S 15 MARCH 1976 As of the week ended March 3: The Standard and Poor's Composite Index of 500 Companies declined 1.7 percent from the previous week's mark of 101.69, the second highest level in more than 2 years. The first 9 weeks of 1976 were characterized by an overall gain of 10.9 percent. Still remains 16.4 percent below the record high of 119.57 posted in January 1973. 425 Industrials-- the dominant component of the Composite Index--also fell 1.7 percent from the previous week. Utilities declined for the fourth week in a row, down a total of 5.3 percent from the February peak of 48.37 (the highest level since early 1974). Railroads posted a modest 0.5-percent decline after attaining a 2-year high of 43.92 the preceding week. B.1.1 - Population of Voting Age by Regions: 1976 1976 1972 FORD & LIBRARY GERALD 48 South 44 40 North Central 38 35 Northeast 34 27 West 24 0 10 20 30 40 50 60 Millions of Persons Source: Bureau of the Census 15 March 1976 FORD & GERALD LIBRARY About one-third, or 48 million of the 150 million Americans who will be old enough to vote in the November Presidential election live in the South. A little over one-fourth live in the North Central States, and a little under one-fourth in the Northeast. About one-sixth live in the West. The total of 150 million is nearly 10 million more than the voting age population at..the time of the 1972 Presidential election, the first in which the voting age had been lowered to 18 in all States. B.1.1 - Population of Voting Age: 1976 Ten Largest States California 15.3 New York 12.9 Texas 8.5 Pennsylvania 8.4 Illinois 7.7 Ohio 7.5 FORD & GERALD LIBRARY Florida 6.3 Michigan 6.3 New Jersey 5.2 Massachusetts 4.2 0 2 4 6 8 10 12 14 16 18 20 Millions of Persons Source: Bureau of the Census 15 March 1976 Population of Voting Age: 1976 Ten States with Largest Numeric Increase Over 1972 California 1,325 Florida 1,084 Texas 848 Michigan 400 North Carolina 351 Ohio 336 Virginia 326 Georgia 277 Arizona 260 Pennsylvania 248 0 200 400 600 800 1,000 1,200 1,400 1,600 Increase in Thousands Source: Bureau of the Census 15 March 1976 B.1.1 - Population of Voting Age: 1976 Ten States with Largest Percentage Increase Over 1972 Florida 21% Arizona 20% Nevada 19% Alaska 17% Wyoming 16% Idaho 16% LISAARY GERALD FORD New Mexico 15% Utah 12% Hawaii 12% Colorado 12% 0 2 4 6 8 10 12 14 10 18 20 22 24 28 Percent Increase Source: Bureau of the Census 15 March 1976 In November 1976, four States will have voting age populations of over 8 million people. These States are: California with 15.3 million; New York with 12.9 million; Texas with 8.5 million; and Pennsylvania with 8.4 million. Two States-- California and Florida--will have added more than 1 million persons of voting age between elections; 1.3 million and 1.1 million, respectively. The States having the greatest percentage increases in their voting age populations between the Presidential elections are in the South and West. Florida's voting age population will have increased by 21 percent; Arizona's by 20 percent; and Nevada's by 19 percent. B.1.1 - Birth Rates: 1960 to 1975 Selected Years Rate Per 1,000 Population 26 24 23.7 FORD & LIBRARY GERALD 22 20 19.4 18.4 18 16 14.9 14.8 14 12 10 8 6 4 2 0 1960 1965 1970 1974 1975 Source: National Center for Health Statistics 15 March 1976 FORD & LIBRARY GERALD An estimated 3,149,000 live births occurred in the United States during 1975, yielding a provisional birth rate of 14.8 births per 1,000 population. This rate represents a 38-percent decline since 1960 and a 20- percent decline since 1970. Rate Per B.2.2 - Marriage Rates: 1960 to 1975 1,000 Population 16 Selected Years 14 12 FORD & LIBRARY GERALD 10.6 10.5 10 10.0 9.3 8.5 8 6 4 2 0 1960 1965 1970 1974 1975 Source: National Center for Health Statistics 15 March 1976 Rate Per Divorce Rates: 1960 to 1975 1,000 Population 6 Selected Years 5 4.8 4.6 4 3.5 3 2.5 2.2 2 1 0 1960 1965 1970 1974 1975 Source: National Center for Health Statistics 15 March 1976 FORD & LIBRARY GERALD In 1975 both the number and the rate of marriages in the United States declined for the second consecutive year. The estimated number of marriages in the United States in 1975 was 2,126,000. The provisional marriage rate for 1975 was 10.0 per 1,000 population, down from 10.5 in 1974 and lower than for any year since 1967. In 1975 the total number of divorces granted in the United States exceeded 1 million (1,026,000) for the first time. The provisional divorce rate was 4.8 per 1,000 population, the highest divorce rate on record for the United States. The divorce rate has more than doubled since 1960. B.3.1 - Death Rates: 1960 to 1975 Rate Per Selected Years 1,000 Population 12 GERALD R. LIBRARY FORD 10 9.5 9.4 9.5 9.2 9.0 8 6 4 2 0 1960 1965 1970 1974 1975 Source: National Center for Health Statistics 15 March 1976 Rate Per Infant Mortality Rates: 1960 to 1975 1,000 Live Births 30 Selected Years 26.0 24.7 25 20.0 20 16.7 16.1 15 10 5 0 1960 1965 1970 1974 1975 Source: National Center for Health Statistics 15 March 1976 "20 R. FORD LIBRARY There were an estimated 1,910,000 deaths recorded in 1975, giving a rate of 9.0 deaths per 1,000 population. This provisional rate was the lowest ever recorded for an entire year for the United States. The rate was 2 percent lower than the previous all-time low final rate of 9.2 in 1974. The record-low estimated death rate for 1975 primarily reflects the continuing downturn in mortality for diseases of the heart and cerebrovascular diseases. During 1975 there were approximately 50,700 infant deaths, resulting in an infant mortality rate of 16.1 per 1,000 live births. This annual provisional rate was the lowest. ever recorded for the United States. Represents a decrease of 3.6 percent from the previous all-time low rate of 16.7 in 1974, and a decrease of 38 percent from 1960. B.4.3 - Public School Enrollment: Fall 1971 to 1975 Secondary Schools FORD is LIBRARY GERALD Millions of Elementary Schools Pupils 50 46.1 45.7 45.4 45.1 44.8 45 40 35 30 25 20 15 10 5 0 1971 1972 1973 1974 1975 B.4.4 - Pupil-Teacher Ratio: Fall 1971 to 1975 Ratio 25 22.3 21.8 21.3 20.8 20.4 20 FORD is LIBRARY 03RALD 15 10 5 0 1971 1972 1973 1974 1975 2.06 2.10 2.13 2.17 2.19 Classroom Teachers (Millions) Source: National Center for Education Statistics 15 March 1976 Enrollment in elementary and secondary public schools has dropped for the fourth consecutive year. The decrease of 237,000 pupils, or 0.5 percent, from the fall of 1974 continues a decline begun in 1972; the first decline since the 1943-44 school year. The 2.0-percent increase in secondary school enrollment between 1971 and 1975 was more than offset by a 5.9-percent decrease in elementary school enrollment, resulting in an overall drop of 2.7 percent for that period. While the number of students has been decreasing, the number of class- room teachers has been increasing; resulting in a decreasing ratio of pupils to teachers. The total number of classroom teachers expressed in full-time equivalent positions was 2.19 million, a gain of 1.3 percent over 1974. The number of pupils per teacher has declined from 22.3 to 20.4 between the fall of 1971 and 1975. B.4.5 - Estimated Expenditures for Public School Systems: 1975 - 76 By Major Purpose Total Expenditure $66,829 Million Interest on debts $1,953 Summer school 2.9 % comm.services $1,720 2.6 % Capital outlay $5,954 8.9 % Admin. FORD & LIBRARY QERALD $2,672 4.0 % Other current expenses $10,091 15.1 % Plant operation and maintenance Instruction $6,215 $38,224 9.3 % 57.2 % B.4.5 - Current Expenditures of Public School Systems Per Pupil in Average Daily Attendance: 1972 to 1976 DOLLARS DOLLARS 1450 1450 $1,409 1350 1350 1250 1250 1150 1150 CURRENT DOLLARS 1050 1050 $1,029 1971-1972 DOLLARS 950 950 1971- 1972- 1973- 1974. 1975- 1972 1973 1974 1975 1976 SOURCE: NATIONAL CENTER FOR EDUCATION STATISTICS FORD & LIBRARY National Center for Education Statistics estimates indicate that Total Current Dollar expenditures by public schools for 1975-76 will exceed $66.8 billion. Approximately $58.9 billion, 88 percent of the total, are expected to be spent on current programs. Largest portion of the current expense, 57.2 percent will be spent for instructional purposes, primarily teacher's salaries. Approximately 4 percent for administration. Capital outlay will account for nearly 9 percent of 1975-76 school expenditures. The remaining 3 percent of total expenses will be paid as interest on debts. Expenditure per pupil in average daily attendance is expected to reach $1,409 in 1975-76, a 42.4-percent increase over the $990 per pupil cost reported for 1971-72. Despite this sharp surge in current dollar expenditure from 1971 through 1976, expenditures in constant dollars during the same period have remained virtually unchanged. Predicted increase for 1975-76 less than 4 percent over 1971-72.