FRB: Beige Book--Kansas City--January 16, 1974
- Publication Date:
- 1974
- Author(s):
- Federal Reserve Board
- Sponsoring Organization(s):
- Federal Reserve Board
- Description:
- Judging from responses of buyers of materials for major manufacturers in the Tenth District, no recession in this region is likely in 1974. Although many raw materials, such as petrochemicals, and many advanced-product inputs, such as electric motors, are in extremely short supply, most manufacturers are cautiously optimistic that sales this year will surpass those in 1973. Bank deposits remain at high levels, and the energy crisis appears to have stimulated business loan demand. Consumer installment lending continues strong, and feedlot operations are boosting agricultural loans. In fact, bankers report no recent developments suggestive of a slowing economy, save weaknesses in construction loans and auto loans. All bankers contacted are keeping their CD maturities short, anticipating a decline in interest rates. In the agricultural sector, farmers have planted more wheat again, and an insulating snow cover is improving crop prospects. | *""Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources." The 10th district of the Federal Reserve is headquartered in Kansas City, but also includes Omaha, Oklahoma City, Denver and their surrounding regions.
- Topic(s):
- Business and Economics, Banks and banking, Business, Consumption (Economics), Employment, Mass production, Natural resources, Shipping, Tourism, Wages
- State(s):
- Kansas; Missouri
- Document Type:
- Report
- Language:
- English
- Source:
- Federal Reserve Bank of Minneapolis Website
- Copyright Statement:
- http://kcresearch.org/cdm4/copyright.php
- Copyright Contact Information:
- Board of Governors of the Federal Reserve
20th Street and Constitution Ave NW
Washington, DC 22051
www.federalreserve.gov