Full text of U.S. Financial Data : October 18, 1990

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of St. Louis

OCT 1 9 1990

U.S. Financial Data
October 18, 1990

THE WEEK'S HIGHLIGHTS:
v*

Retail sales rebounded in September, rising 1.1 percent following
a 0.4 percent decline in August. Much of the September increase
was attributed to higher gasoline prices and the start of the 1991
car model year. Excluding autos and gasoline, retail sales rose 0.2
percent in September.

s

Industrial production rose at a 3.3 percent annual rate in September,
following a revised 1.1 percent rate of increase in August. September
production was 2.3 percent above a year earlier.

v*

September housing starts fell 0.6 percent to a seasonally adjusted
annual rate of 1.14 million units, a pace 10.1 percent below that
of a year ago.

ts

Consumer prices rose at a seasonally adjusted annual rate of 9.5
percent in September, following a 9.6 percent rate of increase in
August. Excluding food and energy, consumer prices increased at
a 3.6 percent rate in September and were up 5.5 percent from a year
earlier.

expressed do not necessarily reflect official positions of the Federal Reserve System.
DigitizedViews
for FRASER
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Federal Reserve Bank of St. Louis

2

ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
324 ------------- ,---------- 1------

_ AUG
_

BILLIONS OF DOLLARS
------------------------------- 324

309.8

SEP
318.4

0 29

AUG

6 20

SEP

4

l«

OCT
1989

I

15 20 19 27

NOV

DEC

10 24

7 21

7 21

4 18

JAN

FEB

MAR

APR

2

16 90 19 27

MAY

JUN
1990

II

JUL

25

0 22

AUG

9 10

SEP

9 17 91

OCT

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING: OCTOBER IT, 1990
THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL
RESERVE BANKS. CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF ALL
DEPOSITORY INSTITUTIONS) AND 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 AVAILABLE FROM THIS BANK.
RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDING*
10/18/89

1/10/90

3/21/90

4/18/90

5/16/90

6/13/90

7.8
8.5
6.8
7.5
7.9
9.2
9. 1

7. 1
4.5
6. 1
7.2
9.0
8.9

5.0
7.0
8.0
10.0
9.8

5.2
7.2
9.8
9.6

10.4
13.0
12.0

7/11/90

8/22/90

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING*
3/21/90
4/1B/90
5/18/90
6/13/90
7/11/90
8/22/90
9/19/90
10/17/90

7.7
7. 1
7.6
6.6
7. 1
7.5
8.4
8.4


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Federal Reserve Bank of St. Louis

13.7
12.2

13.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

1M
SEP.

BILLIONS OF DOLLARS
835

BILLIONS
820.0
820.7
820.6

821 .8

828.8

795

AUG

4 18
SEP

2 16 30 NOV
19 27 DEC
11 25

6 22

5 19

FEB

LATEST DATA PLOTTED WEEK ENDINGi OCTOBER 8,

5 19

MAR

2

18 30 14 28 11

MAY

JUN

25

9 23

6 20

AUG

SEP

1990

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.

DEPolIT^AN^TRAVELErI^CHECKS0 BY ^ N0NBA* PUBUC* DEMAN° DEP°S'TS* 0THER CHECKABLE

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,
10/9/89

1/8/90

3/5/90

4/9/90

AVERAGE OF FOUR WEEKS ENDING:
5/7/90

6/11/90

7/9/90

3.0
1.2
4.3
4.9

2.3
6.2
6.5

5.5
6.2

8/6/90

TO THE AVERAGE
OF FOUR WEEKS
ENDINGi
3/ 5/90
4/ 9/90
5/ 7/90
6/11/90
7/ 9/90
8/ 6/90
9/10/90
10/ 8/90

6.0
5.5
5.0
4.2
4.6
3.9
4.8
5.0


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Federal Reserve Bank of St. Louis

4.7
4. 1
3.0
3.7
2.8
4.2
4.5

2.8
1.6
2.9
1 .9
3.8
4.3

0.6
2.8
1.4
3.9
4.4

10.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

4

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

1990
JUL.
AUG.
SEP.
OCT.

RATIO

23
6
20
3
17
1

2.599
2.619
2.603
2.611
2.575
2.598

Ml MULTIPLIER

7 21

4 18

AUG

SEP

2 10 30 IS 27 I

NOV

DEC

FEB

MAR

MAY

LATEST DATA PLOTTED TWO WEEKS ENDING* OCTOBER 1,

JUN

AUG

SEP

1990
ILL IONS OF DOLLARS
250

BILLIONS OF DOLLARS

I COMPOUNDED ANNUAL RATES
__ OF CHANGE. AVERAGE OF
- THE FOUR *EEKS ENDING
- OCTOBER 8. 1990 FROM
- THE FOUR WEEKS ENDING*

— MAY

-.....
__ OCT.

9

1990
1990
1990
1990
1990
1990
1989

246

242

16.4
5.0
3.9
2.5
1.9
12.0
10.4

238

234

CURRENCY

230

226

I59fl
SEP.

BILLIONS
3

240.1
240.4
242.5
242.5

4

5 10

6 19

LATEST DATA PLOTTED WEEK ENDING* OCTOBER 8,

1990

AUG

18

SEP

2 16 30 13 27 II

NOV

25

8 22

2 16 30 14 28 11 25

9 23

6 20

3 17

DEC

1/ RATIO OF MONEY STOCK (Ml ) TO ADJUSTED MONETARY BASE
2/ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

222

218

TOTAL CHECKABLE DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
585

BILLIONS
571.6

572.2

571.1
571.0
577.4
571 .0

4 18

AUG

2

16 30

SEP

13 27

NOV

11

25

8 22

5 19

5 19

2 16 30 14 28 11

DEC

25

9 23

JUN
MAY
1990

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 8,

8 20

3

AUG

SEP

17

1990

,DEP0SITS IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL
L/fcr 1/5 I 1 Uni

I No I I TUT I 0N5 .

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE
10/9/89

AVERAGE OF FOUR WEEKS ENDING:

1/8/90

3/5/90

4/9/90

5/7/90

1.8
1.2
0.0
1 .0
-0.3
1.2
1.5

0.2
-1.3
0.4
-1.2
0.8
1.2

-2.4
0.2
-1 .8
0.8
1.3

0.5
-2.2
1.1
1.6

6/11/90

7/9/90

8/6/90

1.7
2.4

7.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/ 5/90
4/ 9/90
5/ 7/90
6/11/90
7/ 9/90
8/ 6/90
9/10/90
10/ 8/90

4.9
4. 1
3.4
2.4
2.8
1.7
2.6
2.7


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Federal Reserve Bank of St. Louis

-1.1
3.1
3.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

12.0

PRIME BANK
LOAN RATE

CORPORATE
Aaa BONDS

tCIAL

4

18

I

IS 29

13 27

OCT
19B9

10 24

8 22

5

19

JAN

NOV

2

IB

2

16 SO

FEB

13 27

APR

I I

25

8 22

6 20

3

17 31

14

AUG.

SEP.

OCT.

3
10
17
24
31
7
14
21
28
5
12
19 *
26

12

26

OCT

1990

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. OCTOBER 19,

1990

28

SEP

MAY

1990.

90 DAY
CD’S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS*
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS **

7.89
7.87
7.94
8.09
8.04
7.94
7.97
8.06
8.24
8.02
8. 1 1
8. 1 1

7.89
7.92
8.01
8.07
8.03
7.96
8.02
8. 10
8.26
8.06
8. 10
8.09

7.62
7.65
7.75
7.90
7.80
7.68
7.73
7.85
8.02
7.80
7.97
7.92

9. 19
9.34
9.37
9.50
9.56
9.57
9.54
9.51
9.63
9.54
9.59
9.62

10.14
10.34
10.36
10.54
10.56
10.54
10.57
10.66
10.76
10.65
10.74
10.81

7.08
7.22
7.26
7.56
7.47
7.41
7.35
7.41
7.53
7.48
7.56
N. A.

NOTE.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE.
JR AVERAGES OF RATES AVAILABLE
*BR BOND BUYER'S AVERAGE IM)EX OF 20 MUNICIPAL BONDS, THURSDAY DATA
N.A. - NOT AVAILABLE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES

[cent
11.0

5-YEAR
TREASURY SECURITIES
RATE

3-M<
TREASUI

DISCOUNT RATE

OCT
1989

NOV

JAN

SEP

FEB

OCT

1990

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING? OCTOBER 19.

1990
AUG.

3
10
17
24
31
SEP.
7
14
21
28
OCT.
5
12
19 *
26

FEDERAL
FUNDS X*

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL XXX

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

8.03
8.07
8.13
8.30
8.08
8.25
8.12
8. 18
8.26
8.23
8.20
7.96

7.43
7.37
7.45
7.54
7.46
7.38
7.38
7.38
7.29
7.13
7.16
7. 17

7.37
7.19
7.31
7.45
7.48
7.36
7.34
7.30
7.33
7.21
7.21
7.22

7. 16
7.18
7.22
7.39
7.32
7.23
7.24
7.25
7.25
7.07
7.12
7.10

8. 12
8.36
8.39
8.62
8.56
8.48
8.47
8.52
8.58
8.33
8.47
8.39

8.52
8.91
8.94
9. 12
9.09
9.05
9.04
9.12
9. 14
8.87
9.07
8.97

NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.15 RELEASE EXCLUDING LONG-TERM TREASURY
SECURITIES WHICH ARE COMPUTED BY THIS BANK.
TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS.
* AVERAGES OF RATES AVAILABLE
*X SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN
*** AUCTION AVERAGE (DISCOUNT)


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8

MONEY STOCK ( M2 )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
3350

Bli.LI.QNS
3325

_ SEP
3315.1
3315.9
3322.2
3325.5

3275

3250

3200

3200

3175

3150

I
AUG

SEP

NOV

DEC

FEB

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 8,

MAR

MAY

JUN

AUG

15 28

SEP

1990

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE
M2 IS THE SUM OF Ml. OVERNIGHT RPS ISSUED BY ALL COMMERCIAL BANKS. OVERNIGHT EURODOLLARS ISSUED
TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS, MONEY MARKET DEPOSIT ACCOUNTS, SAVINGS AND
SMALL TIME DEPOSITS, AND GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS. FOR MORE
DETAIL, SEE THE H.6 RELEASE.

MONEY STOCK (M2)
COMPOUNDED ANNUAL RATES OF CHANGE,
10/9/89

1/8/90

3/5/90

4/9/90

AVERAGE OF FOUR WEEKS ENDING;
5/7/90

6/11/90

7/9/90

1.2
0.9
3.0
3. 1

2.8
5.0
4.7

4.9
4.5

8/6/90

TO THE AVERAGE
OF FOUR WEEKS
ENDING-.
3/ 5/90
4/ 9/90
5/ 7/90
6/11/90
7/ 9/90
8/ 6/90
9/10/90
10/ 8/90

7.2
6.7
6.0
4.8
4.9
4.4
4.9
4.8


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Federal Reserve Bank of St. Louis

6. 1
4.9
3.3
3.6
3.2
3.9
3.9

3.2
1.3
2.2
1.8
3. 1
3. 1

-0.6
1.2
1 .0
2.7
2.8

6.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ALL DEPOSITORY INSTITUTIONS
TOTAL TIME DEPOSITS^
LARGE TIME DEPOS I TS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
2165 _
1
1

i

i
i i

R.
N.
T.

6,
9,
11,
9,
8,
9,

OCT

1990 -3.<
1990 -2.‘
1990 -2.,
1990
1990
1989

-2.
-1.1
-1.

111 -LLLL

-LUL

. 21
8

2085.7
2086.4
2087
2081
2074
2077

I

1.

AUG.
JUL.
JUN.

3
10
17

iT T T "

“
“
“

SEP.

|

_

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR *EEKS ENDING
OCTOBER 8. 1990 EROU
THE FOUR WEEKS END 1 •4G:

fOC-h-CC

2145

BILLIONS OF DOLLARS
2165

------------ 1---------- 1---------- 1------------192Q
BILLIONS I

TOTAL TIME DEPOSI TS

111

-

II

2105
1

1
1
1

-

TTTT

1

*1 1 1

111

-LLLL

111

LATEST DATA PLOTTED WEEK ENDINGj OCTOBER 8,

111

11 ii

111

111

1111

mi .ILL

-11.1.1

;

1990

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
590

19.90.

BULLIONS.
580

520.5
520.4
520.0

LARGE TIME DEPOSITS

570

515.2

8

509.4
510.1
560
550
540
530
520
510
500

4 18

AUG

SEP

2 16 30 15 27 II

NOV

DEC

25

8 22

5 19

5 19

FEB

MAR

2

16 30 14 28 11

MAY

25

9 23

6 20

3 IT

1

15 29

JUN

LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 8, 1990
1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.
2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 9100,000 OR MORE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
1M
4-0

ILL IONS OF DOLLARS
4.5

MILLIONS.
4.0

z—SEP

TOTAL BORROWINGS

3.5

3.0

2.5

2.0
1.5

1.0

LATEST DATA PLOTTED WEEK ENDlNGt OCTOBER 17, 1900
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
2.5

ADJUSTMENT + SEASONAL
BORROWINGS

2.0

1.5

1.0

0.5

2

10 30 13 27

SEP

II

25

8 22

8 20

OCT

S 17 31

M 28 14

FEB

LATEST DATA PLOTTED WEEK ENDlNGt OCTOBER 17,


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Federal Reserve Bank of St. Louis

MAR

I

APR

25

0 23

8 20

4

JUN

JUL

18

1

15 20 12 26 10 24

1990

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0.0

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
BILLIONS OF DOLLARS
160 r----------- 1---------- ,----SEP.

5

OCT.

5

NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
---------------------------- ^ 160

146,109
48,801
I 30 , I I <C
154|271

2 16 30 13 27 II 25 8 22
AUG
SEP
OCT
NOV
1989

6 20
DEC

3 17 31 14 28 14 28 I! 25 0 23 8 20
JAN
FEB
MAR
APR
MAY
JUN
1990

LATEST DATA PLOTTED WEEK ENDlNGi OCTOBER 10,

4

18

1

18 20 12 28 10 24

AUG

SEP

OCT

1990

BUSINESS LOANS ^

(COMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
336

BILLIONS OF DOLLARS
336

-------- 1 '
1
.......... i"1
- COMPOUNDED ANNUAL RAT ES
_ OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
- OCTOBER 3, 1990 FROM
_ the four Weeks ending

328

- AUG.
JUL.
“ JUN.
_ MAY
APR.
_ OCT!

1,
4,
6,
2,
4,
A\

1990
1990
1990
1990
1990
1 989

332

-2.5
0.3
0.4
-1.3
0.3

328

-0.7

N[nLiV \

324

A

r-

aA
tsj

k

A

7 A T A A/^ /
199(

-

AUG. 29

316

s
-LLLL
,-U.L
2 18 3
11 7
AUG

SEP

11 2
OCT
1989

ini. XLL -LL1J. -LLL -LLL 111
NOV

DEC

JAN

FEB

LATEST DATA PLOTTED WEEK ENDING. OCTOBER 3,

MAR

APR

ii 11
MAY

111

JUN
1990

:

b ILL 10t»

~

3 21,64 0

-

12
321,762
19
323,277
26
319,748
OCT. 3
322,426
........... ........ i i.m i m’
JUL

AUG

SEP

OCT

1990

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 81.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

320

DOLLAR'S TRADE-WEIGHTED EXCHANGE

INDEX

AVERAGES OF DAILY FIGURES

1973-100

1973-100

SEP.

12
86.0
83.9

I I I I
2

I I I I

18 30 13 27

SEP

11

25

8 22

8 20

OCT
1989

3

17 31

14 28

FEB

LATEST DATA PLOTTED WEEK ENDING-. OCTOBER 17,
NOTE-.

14 28 II

MAR

APR

25

0 23

8 20

JUN
1990

4

18

1

15 29

12 26 10 24

JUL

1990

CURRENT DATA APPEAR IN THE BOARD OF GOVERNOR'S H.10 RELEASE.

DATA ARE WEIGHTED AVERAGES OF THE FOREIGN-CURRENCY PRICE OF THE U.S. DOLLAR, COMPUTED USING
10 INDUSTRIAL COUNTRY CURRENCIES.

.IBRARY


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS