The Kansas City Public Library

FRB: Beige Book--Kansas City--October 10, 1973

Publication Date:
1973
Author(s):
Federal Reserve Board
Sponsoring Organization(s):
Federal Reserve Board
Description:
Most of our Redbook contacts report another month of generally expansionary activity, clouded by only a few signs of downturn and substantial damage by heavy rains and severe weather. Although some categories of loan demand remain strong, total loan growth is showing some weakness. An increase in large CDs has boosted deposits in recent weeks, with bankers saying that expectations of lower interest rates are figuring importantly in their management of CDs. Recent floods have heavily damaged property and put district agriculture off schedule. Fuel shortages have not yet hurt agriculture significantly, although concern continues. New car dealers are enjoying another successful autumn of new model introductions, with big cars selling better than expected, but not as well as compacts. Managers of department stores doubt that retail sales will grow much next year, but most of them are enjoying the way in which each month this year comes in better than last year. | *""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):
Banks and banking, Business, Consumption (Economics), Employment, Mass production, Natural resources, Shipping, Tourism, Wages, Business and Economics
State(s):
Kansas; Missouri
Document Type:
Report
Language:
English
Source:
Federal Reserve Bank of Minneapolis Website
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