Full text of U.S. Financial Data : April 1, 1983
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| U.S. Financial Data •federal Reserve Bank of St. Louis April 1,1983 3RARY R 7 1983 Commercial banks create money when they make loans and purchase securities from the public. When loan demand declines, banks have a tendency to increase their holdings of securities relative to loans. This tendency is intensified when there is an increase in reserve growth accompanying the decline in business loans. The rate of growth of Ml has accelerated dramatically since July 1982. Along with this faster money growth there has been a marked change in the growth of certain bank assets. A substantial slowing in the rate of growth of business loans at commercial banks, for example, has occurred during this same period. The decline in the rate of growth of business loan demand has been accompanied by an increase in reserve growth. Consequently, the structure of commercial bank asset holdings has exhibited a marked change since last July. In particular, banks' holdings of government securities have grown rapidly. None of the other asset categories—real estate loans, personal loans or other securities—have demonstrated any comparably dramatic change. —Dallas S. Batten Growth Rates of Monetary Aggregates and Selected Commercial Bank Assets (compounded annual rates, seasonally adjusted) Period 1/82- 7/82 Ml 3.0% Adjusted Reserves 6.4% Business Loans 16.1% U.S. Treasury Securities 4.3% 7/8 2-10/82 13.2 5.8 8.3 21.5 10/82- 2/83 15.0 12.5 -0.1 64.9 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 ADJUSTED MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS BILLIONS OF DOLLARS 94 192 188.5 189.5 190.0 189.8 190.5 190.0 190 188 186 184 182 180 178 176 174 172 3 17 3 17 31 APR 14 26 MAY 12 26 9 23 7 21 LATEST DATA PLOTTED WEEK ENDING, MARCH 30. 1983 THE ADJUSTED MONETARY BASE CONS I STS OF: ( I ) RESERVE ACCOUNTS OF FINANCIAL INSTI TUT IONS AT FEDERAL RESERVE BANKS. (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF ALL DEPOSITORY INSTITUTIONS). AND ( 3) AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO CHANGES. THE MAJOR SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT. DATA ARE COMPUTED BY THIS BANK. A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAIL ABLE FROM THIS BANK. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, 3/31/82 6/30/82 7.8 7.4 7.5 7.4 7.7 7.9 9. 1 9.4 5.3 6.0 6.2 6.7 7.3 8.9 9.3 9/1/82 AVERAGE OF FOUR WEEKS ENDING: 9/29/82 10/27/82 12/1/82 12/29/82 2/2/83 TO THE AVERAGE OF FOUR WEEKS ENDING: 9/ 1/82 9/29/82 10/27/82 12/ 1/82 12/29/82 2/ 2/83 3/ 2/83 3/30/83 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6.7 6.9 7.5 8. 1 10.2 10.6 7.6 8.2 8.7 11.1 11.4 8.2 8.9 11.7 12.0 9.9 13.6 13.5 15.4 14.7 17.7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ADJUSTED RESERVES AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS of dollars BILLIONS MAR. 53.0 52.2 53.4 53.3 53.3 ill 1. JAN 1982 FEB 1983 LATEST DATA PLOTTED WEEK ENDING: MARCH 23, 1983 ADJUSTED MONETARY BASE (RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE BANKS PLUS CURRENCY IN CIRCULATION! LESS CURRENCY HELD BY THE NONBANK PUBLIC. ADJUSTED RESERVES COMPOUNDED ANNUAL RATES OF CHANGE, 3/24/82 6/23/82 8/25/82 4.9 4.2 4.0 5.6 5.8 5.6 7.8 9.7 -0.8 0.0 ? .4 4. 1 4. 1 7.3 9.8 1.3 6.6 6.9 6.3 10.3 13.3 AVERAGE OF FOUR WEEKS ENDING: 9/22/82 10/20/82 11/24/82 12/22/82 1/26/83 TO THE AVERAGE OF FOUR WEEKS ENDING: 8/25/82 9/22/82 10/20/82 11/24/82 12/22/82 1/26/83 2/23/83 3/23/83 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9.7 9.2 7.8 12.3 15.5 12.2 9.3 14.6 18.0 5.9 14.2 18.7 17.0 22.1 34.9 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY STOCK ( Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 1983 Z BILLIONS OF DOLLARS 505 BILLIONS 500 FEB. 492.8 495 498.4 490 497.2 485 480 475 470 465 460 455 450 1983 LATEST DATA PLOTTED WEEK ENDING. MARCH 23, 1983 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COMMERCIAL BANK DEMAND DEPOSITS HELD BY THE NONBANK PUBLIC (EXCLUDING THOSE HELD BY FOREIGN BANKS AND OFFICIAL INSTITUTIONS) AND OTHER CHECKABLE DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS' CHECKS. MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, 3/24/82 6/23/82 8/25/82 5.0 6.4 7.2 8.4 9.0 8.7 10.2 10.8 7.5 8.6 10.2 10.8 10. 1 12.0 12.6 13.3 14.3 14.3 12.5 14.7 15.2 AVERAGE OF FOUR WEEKS ENDING! 9/22/82 10/20/82 11/24/82 12/22/82 1/26/83 TO THE AVERAGE OF FOUR WEEKS END 1NG: 8/25/82 9/22/82 10/20/82 11/24/82 12/22/82 1/26/83 2/23/83 3/23/83 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 14.3 14.2 12. 1 14.7 15.2 15. 1 12.0 15.3 15.8 9.9 15.1 15.8 15.5 16.3 22.7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY MULTIPLIERi/ CURRENCY COMPONENT OF MONEY STOCK 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 1983 FEB. RATIO 2.9 RATIO I 2.602 jK 614 MAR. 2,603 2.623 2: 61 7 2.610 Ml MULTIPLIER -1111 LATEST DATA PLOTTED WEEK ENDING: MARCH 23, 1983 BILLIONS OF DOLLARS Mo ---------- ,------------- ,----- BILLIONS OF DOLLARS ------------------- ----------- 140 COMPOUNDED ANNUAL RATES -----OF CHANGE, AVERAGE OF THE FOUR WEEKS ENDING “ MARCH 23, 1983 FROM -----THE FOUR’WEEKS ENDING: - JAN. DEC. NOV. - OCT. SEP. —JUN. _ MAR. 26, 22, 24, 20, 22, 23, 24, 1983 1982 1982 1982 1982 1982 1982 13.8 13.3 11.8 10.6 CURRENCY JLSaa FEB. BILLIONS 1 MAR. 1 I 1 I I I I I 3 17 3 17 31 14 28 12 26 9 23 7 2 5 29 IS 27 10 24 5 19 JAN 2 16 2 16 30 13 27 FEB 1983 LATEST DATA PLOTTED WEEK ENDING: MARCH 23, 1983 1/ RATIO OF MONEY STOCK (Ml ) TO ADJUSTED MONETARY BASE 2/ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY 20.0 20.0 19.0 18.0 PR ME BANK LOAN RATE 16.0 90 DAY CD’S 14.0 13.0 CORPORATE Aaa BONDS 12.0 MUNICIPAL BONDS I I .0 COMMERCIAL PAPER 1.1 Lilli 1111 5 10 5 FEB 19 2 16 30 14 MAY MAR 28 II 25 9 23 6 20 3 Ll.ll.l .1 17 JUN 1983 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING-. APRIL I. 1983 FEB. MAR. APR. 4 1 1 18 25 4 1 1 18 25 1 * 8 15 22 29 1983 90 DAY CD’S 30-DAY COMMERC1AL PAPER 90-DAY BANKERS’ ACCEPTANCES CORPORATE Aaa BONDS CORPORATE Baa BONDS MUNICIPAL BONDS K* 8.68 8.63 8.54 8.34 8.24 8.55 8.67 8.91 9.05 8.39 8.37 8.32 8. 14 8. 16 8.44 8.51 8.68 9.01 8.55 8.49 8.37 8. 19 8. 13 8.46 8.56 8.81 8.86 12.06 12.11 12.08 11.82 11.63 11.72 11.79 11.76 11.75 14.01 14.02 13.97 13.8! 13.67 13.65 13.61 13.58 13.57 9.74 9.72 9.53 9.34 9.04 9.22 9. 19 9. 15 N. A. * AVERAGES OF RATES AVAILABLE. #* BOND BUYER’S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA. N.A. - NOT AVAILABLE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS SELECTED INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT 18.0 r— PERCENT — 18.0 17.0 16.0 FEDERAL FUNDS RATE 14.0 13.0 12.0 SCOUNT RATE „ 5-YEAR TREASURY SECURITIES I I .0 11.0 10.0 10.0 3-MONTH TREASURY BILL 5 19 5 19 2 16 30 M 28 MAY I 1 25 9 23 6 20 3 17 1 15 29 12 26 10 24 7 21 JUN 1982 1983 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: APRIL 1, 1983 1983 FEB. MAR. APR. 4 18 25 4 1 1 18 25 1 * 8 15 22 29 FEDERAL FUNDS** 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL *** 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 8.53 8.50 8.62 8.47 8.44 8.59 8.57 8.75 8.88 8. 16 8.22 8. 16 7.91 7.97 8.25 8.31 8.55 8.64 8.23 8.35 8.39 7.97 7.95 8. 17 8.26 8.54 8.71 8.34 8.41 8.33 8.06 7.98 8.27 8.37 8.55 8.59 10.38 10.45 10.28 9.95 9.76 10.03 10.08 10.26 10.29 11.01 11.04 10.91 10.59 10.45 10.67 10.70 * AVERAGES OF RATES AVAILABLE. ** S?MlfcMY„K!R'iSII.£t,R.,*lES ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN. ffi2RfBL,2AI^PPEAR IN ™E B0ARD 0F GOVERNORS' H.I5 RELEASE. Nun I ooUl rlA 1 C ^ff-SERrDiR^S^syc^STUR^^I.ARE C°MPUTED BV ™E FEDERAL RESERVE BANK °F ST' http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 10.71 E0UIS' 8 TOTAL CHECKABLE DEPOS TS 1/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 365 BILUC>N$ 360 350. 1 352. 1 MAR. 355 355.7 355.5 350 345 340 335 330 325 320 315 LATEST DATA PLOTTED WEEK ENDING: MARCH 23, 1983 1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS TOTAL CHECKABLE DEPOS TS COMPOUNDED ANNUAL RATES OF CHANGE, 3/24/82 6/23/82 8/25/82 3.7 5.7 6.8 8.7 9.5 9.0 10.9 1 1.5 8.2 9.6 12.0 12.8 11.5 13.8 14.4 15.8 17.6 17.5 14.6 17.3 17.6 AVERAGE OF FOUR WEEKS ENDING: 9/22/82 10/20/82 11/24/82 12/22/82 1/26/83 TO THE AVERAGE OF FOUR WEEKS ENDING: 8/25/82 9/22/82 10/20/82 11/24/82 12/22/82 1/26/83 2/23/83 3/23/83 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 17.8 17.5 14.0 17.3 17.6 19.0 13.9 18.0 18.2 10.4 17.0 17.6 17.0 17.7 26.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS T TOTAL TIME DEPOSITS 1/ ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 850 rz--------1------------- 1----- BILLIONS OF DOLLARS ------------------- -------- 850 BILL I Q.NS 722.9 717.8 711.5 707.0 703.3 700.5 -LI.. 1 I 3 17 FEB 3 17 31 MAR 14 28 APR 12 26 9 23 MAY JUN 7 21 4 JUL 18 I 15 AUG SEP LATEST DATA PLOTTED WEEK ENDING: MARCH 16, 1983 30 13 27 1982 1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS MMLAs, MMMFs and "SUPER NOWs" (billions of dollars, not seasonally adjusted) MMDAs Feb. 16 23 Mar. 9 16 23 MMMFs 2/ $276.2 289.6 300.5 311.2 319.5 325.3 $204.4 203.2 202.0 199.4 197.8 196.2 "SUPER NOWs" 3/ $22.7 23.5 24.5 25.9 26.4 27.2 1/ Money market deposit accounts at all depository institutions, effective 12/14/R? 2/ total money market mutual fund balances. NOW accounts at all depository institutions, requiring a $2,500 minimum balance and eligible to earr more than 5.25 percent, effective 1/5/83. y http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 SMALL TIME DEPOSITS v COMMERCIAL BANK SAVINGS DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 450 =—1------------ 1-----------1---------440 430 420 410 400 390 380 =~ E — = — COMPOUNDED ANNUAL R/ OF CHANGE, AVERAGE )F THE FOUR WEEKS END 1 MARCH 23, 1983 FROM THE FOUR WEEKS END 1 =— x — = — = JAN. DEC. NOV. OCT. SEP. JUN. E " 26, 22, 24, 20, 22, 23, 1983 1982 1982 1982 1982 1982 SMALL TIME DEPOSI TS -43. -47. -40.; -33. -29. -I5.‘ \ \ * 370 360 = 5-"- 350 340 = = 330 320 310 1983 FEB. 16 338.3 = = = MAR. 2 9 16 23 331.9 329.4 327.4 326.5 300 0 BILLIONS E 8i i i i i i i i i i i i i i i i i 111 .in. XI 1 LATEST DATA PLOTTED WEEK ENDING: MARCH 23, IU 1 .111 .1 1 IX 111 1983 BILLIONS OF DOLLARS 1983 XU BILLIONS OF DOLLARS 450 X 440 = 430 1 420 E 410 i 400 i 390 = 380 = 370 = 360 | 350 X 340 X 330 = 320 1 310 1 .300 111 1II1 111 0 BILLIONS OF DOLLARS 190 BILLIONS 185 45.3 z MAR. 180 1 43 ’ 2 175 170 SAVINGS DEPOSITS 165 160 155 150 145 I 40 135 0 LATEST DATA PLOTTED WEEK ENDING: MARCH 16, 1983 1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN *100,000. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS BORROWINGS FROM FEDERAL RESERVE BANKS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS iMi BILLIONS OF DOLLARS 4.5 MILLIONS 4.0 FEB. 23 3.5 3.0 2.5 2.0 1.5 1.0 0.5 3 17 3 17 31 14 28 12 26 APR MAY B 23 7 21 LATEST DATA PLOTTED WEEK ENDING: MARCH 30. I 15 29 13 27 10 24 OCT NOV 8 22 5 19 JAN 2 16 2 16 30 13 27 FEB 1983 1983 BUSINESS LOANS u (COMMERCIAL AND INDUSTRIAL) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS BILLIONS OF DOLLARS 228 - COMPOUNDED ANNUAL RATES - OF CHANGE. AVERAGE OF - the four Weeks ending - MARCH 23. 1983 FROM THE FOUR'WEEKS ENDING: JAN. 26. DEC. 22. “ NOV. 24. — OCT. APT 1A 20, SEP. 22, JUN. 23, MAR. 24 1983 1982 1982 IASI 1982 1982 1982 1982 224 220 -0.5 216 212 208 204 MILLIONS FEB. 16 MAR. 217,055 216,870 2 217,81 I 217,724 3 17 3 17 31 14 28 12 26 APR MAY 9 23 11 1 1.1 1.1.1 1 l.l 1 1 1 I I 2 16 2 16 30 13 27 7 21 1982 LATEST DATA PLOTTED WEEK ENDING: MARCH 23, 1983 1983 1/ BUSINESS LOANS INCLUDE BANKERS* ACCEPTANCES AND COMMERCIAL PAPER. 2/ BANKS WITH DOMESTIC ASSETS OF 1750 MILLION OR MORE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 12 LARGE TIME DEPOSITS ALL COMMERCIAL BANKS billions of dollars AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED billions of dollars BILLIONS I I I I 1982 LATEST DATA PLOTTED WEEK ENDING! MARCH 23, I I I I 1983 1983 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. TIME DEPOSITS ISSUED IN DENOMINATIONS OF $100,000 OR MORE. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS