Selected economic indicators of banking,agricultural and business conditions inthe Eighth Federal Reserve DistrictDistrict

Data

The Regional EconomistJuly 1995

Commercial Bank Performance RatiosU.S., District and State

Return on AverageAssets (Annualized)

1st quarter 1995

4th quarter 1994

1st quarter 1994

Return on AverageEquity (Annualized)

1st quarter 1995

4th quarter 1994

1st quarter 1994

Net Interest Margin(Annualized)

1st quarter 1995

4th quarter 1994

1st quarter 1994

Nonperforming Loans2

/ Total Loans

1st quarter 1995

4th quarter 1994

1st quarter 1994

Net Loan Losses /Average Total Loans(Annualized)

1st quarter 1995

4th quarter 1994

1st quarter 1994

Loan Loss Reserve /Total Loans

1st quarter 1995

4th quarter 1994

1st quarter 1994

AllU.S.

1.09%

1.16

1.15

14.02%

14.86

14.69

4.46%

4.44

4.10

1.32%

1.29

1.86

0.36%

0.49

0.46

2.16%

2.19

2.42

U.S.<$15B1

1.28%

1.30

1.27

14.88%

15.24

14.79

4.75%

4.73

4.60

1.10%

1.12

1.53

0.39%

0.48

0.41

1.93%

1.97

2.19

District

1.22%

1.22

1.25

14.22%

14.25

14.48

4.33%

4.28

4.26

0.66%

0.66

0.82

0.15%

0.22

0.16

1.64%

1.65

1.77

AR

1.19%

1.28

1.28

13.07%

13.93

14.00

4.25%

4.18

4.26

0.68%

0.67

0.83

0.08%

0.13

0.12

1.42%

1.43

1.58

IL

1.15%

1.18

1.24

11.99%

12.25

12.77

4.47%

4.24

4.37

0.97%

0.90

1.14

0.28%

0.30

0.25

1.71%

1.67

1.79

IN

1.21%

1.09

1.06

13.05%

11.73

11.23

4.46%

4.23

4.23

0.55%

0.61

0.57

0.16%

0.20

0.09

1.43%

1.45

1.53

KY

1.19%

1.12

1.24

13.74%

13.04

14.18

4.23%

4.39

4.25

0.78%

0.74

0.78

0.10%

0.33

0.24

1.65%

1.63

1.69

MS

1.39%

1.10

1.22

15.71%

12.28

13.30

5.05%

4.74

4.63

0.61%

0.57

0.82

0.16%

0.25

0.12

1.71%

1.67

1.77

MO

1.28%

1.30

1.23

16.04%

16.39

15.50

4.21%

4.18

4.11

0.53%

0.57

0.77

0.16%

0.14

0.07

1.75%

1.80

1.94

TN

1.15%

1.27

1.34

14.48%

16.07

17.26

4.33%

4.30

4.35

0.58%

0.59

0.84

0.15%

0.27

0.28

1.63%

1.65

1.86

NOTE: Data include only that portion of the state within Eighth District boundaries.

U.S. banks with average assets of less than $15 billion are shown separately to make comparisons with District banks moremeaningful, as there are no District banks with average assets greater than $15 billion.

2 Includes loans 90 days or more past due and nonaccrual loans

SOURCE: FFIEC Reports of Condition and Income for Insured Commercial Banks

25

Commercial Bank Performance Ratiosby Asset Size

1st Quarter 1995Earnings Asset Quality

D = District

US = United States

< $100 Million

$100 Million-$300 Million

$300 Million - $1 Billion

$1 Billion-$15 Billion

NOTE: Asset quality ratios are calculated as a percent of total loans.1 Loan losses are adjusted for recoveries2 Includes loans 90 days or more past due and nonaccrual loans3 Interest income less interest expense as a percent of average earning assets

SOURCE: FFIEC Reports of Condition and Income for Insured Commercial Banks

16

The Regional EconomistJuly 1995

Agricultural Bank Performance Ratios

Return on average assets (annualized)

1st quarter 1995

4th quarter 1994

1st quarter 1994

Return on average equity (annualized)

1st quarter 1995

4th quarter 1994

1st quarter 1994

Net interest margin (annualized)

1st quarter 1995

4th quarter 1994

1st quarter 1994

Ag loan losses / average ag loans (annualized)

1st quarter 1995

4th quarter 1994

1st quarter 1994

Ag nonperforming loans1 / total ag loans

1st quarter 1995

4th quarter 1994

1st quarter 1994

U.S.

1.22%

1.20

1.23

12.03%

11.97

12.25

4.59%

4.38

3.68

0.08%

0.13

0.02

1.48%

1.13

1.52

AR

1.20%

1.18

1.23

11.31%

11.12

11.64

4.20%

4.13

3.42

-0.17%

0.41

0.63

0.83%

0.69

1.04

IL

1.18%

1.11

1.13

11.18%

10.69

10.94

4.14%

3.99

3.31

-0.08%

0.02

0.02

1.43%

0.94

1.69

IN

1.15%

1.08

1.29

11.69%

10.64

12.25

4.74%

4.46

3.92

0.03%

-0.10

-0.07

0.28%

0.27

0.24

KY

1.48%

1.36

1.32

14.96%

13.80

13.46

4.72%

4.45

3.69

0.35%

0.03

-0.05

1.48%

1.50

1.62

MS

1.53%

1.32

1.47

16.26%

13.29

13.94

5.00%

5.00

4.01

0.04%

0.30

0.04

3.50%

1.95

4.91

MO

1.25%

1.25

1.30

12.56%

12.54

13.20

4.54%

4.34

3.69

-0.25%

0.14

0.19

1.09%

0.84

1.15

TN

1.25%

1.05

1.14

12.31%

10.29

10.96

4.22%

4.11

3.40

-0.54%

0.29

-0.05

0.00%

0.09

0.19

U.S. Agricultural Exports by Commodity

Commodity

Livestock & products

Corn

Cotton

Rice

Soybeans

Tobacco

Wheat

TOTAL1

Jan

.70

.51

.40

.09

.54

.14

.39

4.47

Feb

.80

.54

.52

.08

.56

.14

.42

4.81

Mar

.89

.55

.55

.08

.51

.14

.41

5.04

Dollar amounts in billions

Year-to-date

4.95

2.97

2.22

.57

3.26

.79

2.42

28.38

Change from year ago

106.0%

33.9

128.7

23.9

13.3

17.7

9.4

23.4

Includes commodities not listed here

Indexes of Food and Agricultural Prices

Prices received by U.S. farmers2

Prices received by District farmers3

Arkansas

Illinois

Indiana

Missouri

Tennessee

Prices paid by U.S. farmers

Production items

Other items

Consumer food prices

Consumer nonfood prices

Level

I/95

99

122

91

94

124

133

106

108

147

152

IV/94

96

122

85

93

120

128

104

106

146

150

I/94

105

136

107

110

141

150

106

106

143

147

Growth1

IV/94-I/95

10.0

-2.2

29.3

4.4

15.3

17.7

7.9

7.8

1.8

3.3

I/94-I/95

-5.7

-10.5

-15.2

-14.8

-12.1

-10.9

0.0

1.9

2.9

2.9

NOTE: Data not seasonally adjusted except for consumer food prices and nonfood prices.1 Compounded annual rates of change are computed from unrounded data.2 Index of prices received for all farm products and prices paid (1990-92=100)3 Indexes for Kentucky and Mississippi are unavailable.

NOTE: Agricultural banks are defined as those banks with a greater than average share of agricultural loans to total loans.Data include only that portion of the state within Eighth District boundaries.

1 Includes loans 90 days or more past due and nonaccrual loans

SOURCE: FFIEC Reports of Condition and Income for Insured Commercial Banks

Selected U.S. and State Business Indicators

Compounded Annual Rates of Change inNonagricultural Employment

United StatesI/1995 IV/1994 I/1994

Labor force(in thousands) 132,318 131,696 130,711

Total nonagriculturalemployment(in thousands) 116,078 115,329 112,655

Unemployment rate 5.5% 5.6% 6.6%

IV/1994 III/1994 IV/1993

Real personal income*(in billions) $3,889.7 $3,831.5 $3,745.7

ArkansasI/1995 IV/1994 I/1994

Labor force(in thousands) 1,228.5 1,224.3 1,185.3

Total nonagriculturalemployment(in thousands) 1,067.2 1,055.9 1,014.3

Unemployment rate 5.3% 5.1% 5.5%

IV/1994 III/1994 IV/1993

Real personal income*(in billions) $28.2 $27.9 $27.1

IllinoisI/1995 IV/1994 I/1994

Labor force(in thousands) 6,092.9 5,981.4 6,015.0

Total nonagriculturalemployment(in thousands) 5,555.8 5,513.3 5,408.8

Unemployment rate 5.0% 5.1% 6.3%

IV/1994 III/1994 IV/1993

Real personal income*(in billions) $191.5 $188.8 $183.9

IndianaI/1995 IV/1994 I/1994

Labor force(in thousands) 3,161.7 3,128.8 3,015.2

Total nonagriculturalemployment(in thousands) 2,775.5 2,745.4 2,687.4

Unemployment rate 4.2% 4.7% 5.1%

IV/1994 III/1994 IV/1993

Real personal income*(in billions) $80.7 $79.3 $76.6

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KentuckyI/1995 IV/1994 I/1994

Labor force(in thousands) 1,877.3 1,849.7 1,802.9

Total nonagriculturalemployment(in thousands) 1,627.3 1,622.3 1,570.7

Unemployment rate 4.7% 5.0% 5.7%

IV/1994 III/1994 IV/1993

Real personal income*(in billions) $46.6 $46.0 $44.8

! Regional EconomistJuly 1995

MississippiI/1995 IV/1994 I/1994

Labor force(in thousands) 1,256.4 1,267.9 1,238.2

Total nonagriculturalemployment(in thousands) 1,061.0 1,048.2 1,017.2

Unemployment rate 5.4% 6.9% 6.6%

IV/1994 III/1994 IV/1993

Real personal income*(in billions) $28.8 $28.6 $27.4

MissouriI/1995 IV/1994 I/1994

Labor force(in thousands) 2,777.6 2,734.4 2,665.9

Total nonagriculturalemployment(in thousands) 2,541.6 2,512.7 2,441.1

Unemployment rate 4.6% 4.4% 5.6%

IV/1994 III/1994 IV/1993

Real personal income*(in billions) $75.3 $73.7 $72.0

TennesseeI/1995 IV/1994 I/1994

Labor force(in thousands) 2,656.5 2,705.7 2,602.3

Total nonagriculturalemployment(in thousands) 2,477.1 2,453.8 2,384.7

Unemployment rate 4.0% 4.2% 5.2%

IV/1994 III/1994 IV/199;

Real personal income*(in billions) $69.2 $68.1 $66.0

Total

1 Manufacturing

Construction Government

Finance, Insuranceand Real Estate

General Services

Transportation, Communicationand Public Utilities

Wholesale/Retail Trade

NOTE: All data are seasonally adjusted. The nonagricultural employment data reflect the 1994 benchmark revision.* Annual rate. Data deflated by CPI, 1982-84=100.

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