Full text of U.S. Financial Data : April 2, 1987
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H^Wnancial Data 'APR'D'6 |9Q7 April 2, 1987 THE WEEK'S HIGHLIGHTS: Most large commercial banks have raised their prime lending rate from 7.50 percent to 7.75 percent. This is the first increase in the prime rate since June 1984. The yield on 90-day certificates of deposit is 6.32 percent in the most recent week, up 75 basis points from the week of the last prime rate cut in late August of last year. The index of leading economic indicators rose at an 8.7 percent annual rate in February, more than reversing its decline at a 6.2 percent rate in January. New orders for durable goods rose at an annual rate of 117.5 percent in February, following a decline at a 71.1 percent rate in January. Construction spending behaved in a similar fashion, increasing at a 12.2 percent annual rate in February, after declining at an 11.1 percent rate in January. federal RESERVE HANK of ST. I jOI'IS Digitized for views FRASER expressed do not necessarily reflect official positions of the Federal Reserve System. 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 268 ---------- 1---------- 1-------- BILLIONS OF DOLLARS ----------------- ------------- 268 257.9 259.9 259.3 261.0 12 28 12 2e FEB MAR 0 r 21 4 18 APR MAY JUN 2 16 90 19 27 JUL 1986 AUG 10 24 SEP 8 22 OCT 9 10 NOV 9 17 91 14 28 DEC II FEB 29 II 25 8 22 MAR 1987 LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDINGi MARCH 25, 1987 THE_ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL ------------------------RESERVE BANKS. CURRENCY CURRENCY IN CIRCULATION (CURRENCY HELD HELD BY Tf-----------* THE PUBLIC PUBLH ““ ..................... ............. * AM) IN THE VAULTS OF..... ALL ................ ____ DEPOSITORY INSTITUTIONS) AND AN ADJUSTkCNT 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 ENDINGi 3/26/86 6/18/86 8/27/86 8.0 7.8 8.9 9.4 10.3 9.4 9.1 7.9 10.0 10.4 1 1 .6 10. 1 9.6 9/24/86 10/22/86 11/19/86 12/31/86 1/28/87 TO THE AVERAGE OF TWO MAINTENANCE PERIODS END 1NGt 8/27/86 9/24/86 10/22/86 11/19/86 12/31/86 1/28/B7 2/25/87 3/25/87 8. 1 8.2 8.0 8.8 9. 1 9.8 9.2 8.9 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10.6 10.9 12.2 10.4 9.7 12.4 13.7 11.1 10.2 13.4 10.2 9.3 9.5 8.4 4.3 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES StASUNALLY ADJUSTED BILLIONS OF DOLLARS 760 ---------- 1------------- ,------ _ FEB. 16 MAR. BILLIONS OF DOLLARS ------------------------------- 7 60 736.9 738.8 738.3 739.3 740.0 741.0 1 I I I I I I 1 FEB MAR APR MAY JUN JUL 13 29 13 27 AUG OCT 10 24 3 22 NOV 5 10 2 16 JAN FEB 1986 2 16 30 13 27 1987 LATEST DATA PLOTTED WEEK ENDING. MARCH 23, 1987 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. DEPoilT*ANDMTRAVELERiNCHECKSD BY T* PUBLIC' DE“"*> DEPOSITS, OTHER CHECKABLE MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 3/24/86 6/23/88 8/25/86 9/22/86 10/20/86 11/24/86 12/22/86 1/26/87 TO THE AVERAGE OF FOUR WEEKS ENDING: 8/25/86 9/22/86 10/20/86 11/24/86 12/22/86 1/26/87 2/23/87 3/23/87 18.2 17.3 16.8 16.8 18.7 18.2 16.7 15.8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 16.6 15.9 16.1 19.0 18.3 16,3 15. 1 13.0 14.5 19.3 18.2 15.5 14. 1 15.4 21.5 19.5 16.1 14.3 25.2 21.3 16.7 14.5 23.8 16.6 13.7 8.7 7.6 3.4 PREPARED BY FEDERAL RESERVE BAfK OF ST. LOUIS 3 4 MONEY MULTIPLIER^ CURRENCY COMPONENT OF MONEY STOCK*/ RATIO 3.0 AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 3.0 ---------- 1------------- 1---------- 1 1987 RATIO JAN. 12 26 2.873 2.814 MA 23 9 23 2.84< 2.83 2.841 2.9 Ml Ml LTIPLI :r 2.8 2.7 2.6 1111 10 24 10 24 FEB MAR m. in .i i ii,. in. -LLL 7 21 5 10 AUG JUL APR MAY 1986 ll IX i 11 SEP LATEST DATA PLOTTED TWO WEEKS ENDINGt MARCH 23, OCT 111 i i i i i i i 111 NOV DEC JAN FEB ..mi MAR 1987 iii’ APR 1987 BILLIONS OF DOLLARS BILLIONS OF DOLLARS 192 _ COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF - the FOUR *EEKS ENDING — MARCH 23, 1987 FROM THE FOUR'WEEKS ENDINGt DEC NOV. — OCT. SEP. JUN. MAR! 1986 _ 24 2( 2 I 2i 24 10.7 1986 CURRENCY 1987 FEB. BILLIONS 1 187.5 187.5 187.7 MAR. 11111111111 5 17 5 17 51 14 20 12 20 APR MAY 0 25 7 21 4 10 JUL AUG 1 15 20 15 27 10 24 OCT NOV 0 22 5 10 2 16 JAN FEB 2 16 50 15 27 LATEST DATA PLOTTED WEEK ENDINGt MARCH 23, 1987 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 TOTAL CHECKABLE DEPOSITS AVERAGES OF DAILY FIGURES 5tA50NALLY ADJUSTED BILLIONS OF DOLLARS 575 ---------- 1------------- 1------ _ FEB. IG — MAR. BILLIONS OF DOLLARS ------------------------------- 575 543.3 544.6 543.9 544.8 546. I 3 17 FEB 3 17 31 MAR 14 2fl 12 20 APR MAY 0 23 JUN 7 21 4 18 I JUL AUG SEP 13 20 13 27 10 24 OCT NOV 0 22 DEC 3 10 2 10 JAN FEB 2 10 30 13 27 1986 LATEST DATA PLOTTED WEEK ENDING* MARCH 23. 1987 DEPOSITORY* HJST I TUT?ONS? 'S the SUM OF DEMAW) DEPOSITS AW) OTHER CHECKABLE DEPOSITS AT ALL TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, 3/24/86 8/23/SB S/25/86 AVERAGE OF FOUR WEEKS ENDINGi 9/22/88 10/20/86 11/24/B6 12/22/88 I/26/8T TO THE AVERAGE OF FOUR WEEKS ENDINGi 8/25/8C 9/22/86 10/20/86 11/24/86 12/22/86 1/26/87 2/23/87 3/23/87 22.6 21.4 20.6 20.6 23.2 22.2 20.0 18.7 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 20.3 19.2 19.4 23.5 22.1 19.1 17.5 15.3 17.2 24.0 21 .8 17.9 16.0 18.3 26.9 23.4 18.4 16. 1 32.2 25.7 19.0 16.2 28.8 18.5 15.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT 11.0 CORPORATE AM BONDS 9.0 7.0 6.0 4 FEB MAR 18 2 16 30 13 27 APR JUN It 25 8 22 5 19 3 17 31 14 28 12 26 NOV JUL 1986 DEC 9 23 6 20 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt APRIL 3, 1987 FEB. MAR. APR. NOTE» 6 13 20 27 6 13 20 27 3 * 10 17 24 8 20 3 17 FEB MAR 1987 APR 1987. 90 DAY CD'S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS* ACCEPTANCES CORPORATE Am BONDS CORPORATE Bm BONDS MUNICIPAL BONDS ** 5.97 6.13 6.21 6. 1 1 6. 10 6. 15 6. 16 6.22 6.32 6.01 6.20 6.20 6.08 6.12 6.20 6.21 6.29 6.36 5.88 6.07 6.07 6.03 5.98 6.08 6. 10 6. 18 6.23 8.38 8.39 8.40 8.36 8.34 8.36 8.36 8.36 8.46 9.65 9.66 9.67 9.64 9.60 9.61 9.58 9.62 9.69 6.57 6.67 6.62 6.59 6.54 6.61 6.68 6.79 N. A. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE. * AVERAGES OF RATES AVAILABLE ** BOND BUYER*S AVERAGE INDEX OF 20 MUNICIPAL BOfCS, THURSDAY DATA N.A. - NOT AVAILABLE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BAM OF ST. LOUIS SELECTED INTEREST RATES AVERAGES OF DAILY RATES PERCENT 11.0 5-YEAR TREASURY SECURITIES 7.0 X'~A DISCOUNT RATE TREASURY1! 7 21 7 21 4 FEB MAR APR 18 2 16 30 19 27 JUN It 25 9 22 5 19 5 17 91 JUL 14 28 12 20 NOV DEC 9 29 0 20 0 20 9 17 FEB MAR APR LATEST DATA PLOTTED ARE AVERA6ES OF RATES AVAILABLE FOR THE WEEK ENDING, APRIL 3. 1087. 1987 FEB. MAR. APR. NOTE, 6 13 20 27 6 13 20 27 3 * 10 17 24 FEDERAL FUNDS** 3-MONTH TREASURY BILL 8-MONTH TREASURY BILL **8K 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 6.22 6.14 6.21 5.95 6.06 6. 12 6.08 6.14 6.21 5.62 5.75 5.55 5.45 5.54 5.66 5.55 5.60 5.60 5.59 5.69 5.70 5.41 5.51 5.59 5.58 5.55 5.80 5.59 5.71 5.64 5.57 5.61 5.72 5.64 5.71 5.82 6.74 6.88 6.81 6.74 6.71 6.77 6.76 6.83 7.05 7.70 7.77 7.73 7.63 7.58 7.63 7.61 7.67 7.92 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE EXCLUDING LONG-TERM TREASURY TREASURY 81LL YIELDS ARE ON A DISCOUNT BASIS. * AVERAGES^^ATE^AVAILABLE0^0160 *Y ™'S ***** ZL**m*&.averages_for_week ending two days earlier than date shown *** AUCTION AVERAGE < DISCOUNT ) http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE SAW OF ST. LOUIS 7 8 COMMERCIAL BANK SMALL TIME DEPOS I TS 1/ LARGE TIME DEPOS I TS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 410 ---------- 1------------- 1----- IflBZ. FEB. BILLIONS OF DOLLARS ------------------------------- 4,0 BILL IQNS 16 362.1 — MAR. 0 361.1 SMALL TIME DEPOSITS I I I I I I I I LATEST DATA PLOTTED WEEK ENDINGt MARCH 23. 1987 BILLIONS OF DOLLARS 305 ififiZ. - - FEB. MAR. BILLIONS OF DOLLARS 305 BILLIONS 16 23 2 296.7 296 5 296.8 16 23 298! ( 299. 300 "A r \ cA 1 VV J1 / -sA / 290 \ 1 1 i i _* 17 17 31 MAR 111 .1 i-L APR MAY ■ till 14 28 12 20 0 23 JUN 111 21 JUL 1986 i 11 4 18 AUG 1111 _LLL -LLL 1 15 29 13 27 SEP OCT III" . i II 3 1 - 1 'A 290 TS 1 LARGE TIME DEPOS FEB / - -LLLL .111. ii i -LLLL 8 22 5 10 2 16 2 16 30 13 27 DEC JAN FEB MAR APR 1987 10 24 NOV LATEST DATA PLOTTED WEEK ENDINGt MARCH 23. 1987 1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000 2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100,000 OR MORE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS COMMERCIAL BANK TOTAL TIME DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 830 ---------- 1------------- 1------ BILLIONS OF DOLLARS ------------------------------- 830 BILLIONS .. FEB. 16 823.8 823.7 825.4 827. I 827.7 3 17 FEB 3 17 31 MAR 14 APR 12 20 MAY 0 23 JUN 7 21 JUL 1986 I AUG IS 20 13 27 10 24 SEP OCT NOV 8 22 DEC 5 10 2 JAN FEB 18 2 18 30 13 27 MAR 1987 LATEST DATA PLOTTED WEEK ENDING: MARCH 23, 1987 TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AM) LARGE TIME DEPOSITS. TOTAL TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 3/24/86 6/23/86 8/25/86 1.8 0.9 1 . 1 1.7 3.9 3.7 4. 1 0.0 0.7 1.7 4.8 4.5 4.8 9/22/86 10/20/86 11/24/86 12/22/86 1/26/87 TO THE AVERAGE OF FOUR WEEKS ENDING: 8/25/86 9/22/86 10/20/86 11/24/86 12/22/86 1/26/87 2/23/87 3/23/87 -0.4 -0.0 -0.3 0.0 0.5 2.2 2.2 2.6 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0.2 1.6 5.4 4.9 5.2 3.3 7.6 6.5 6.6 10.9 8.3 8.0 9.9 8.9 4.9 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 10 BORROWINGS FROM FEDERAL RESERVE BANKS BILLIONS OF DOLLARS 1481 FEB. AVERAGES OF DAILY FIGURES BILLIONS of dollars MILLIONS. 25 TOTAL BORROWINGS LATEST DATA PLOTTED WEEK ENDINGi APRIL 1. 1987 BILLIONS OF DOLLARS 1987 FEB. MAR. BILLIONS OF DOLLARS MILLIONS 25 4 310 233 ADJUSTMENT + SEASONAL BORROWINGS 5 IS 2 10 90 M 28 II 29 9 29 8 20 3 17 AUG SEP LATEST DATA PLOTTED WEEK ENDING: APRIL I, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 19 29 12 20 10 24 7 21 4 10 4 JAN FEB MAR 18 1 13 29 1987 PREPARED BY FEDERAL RESERVE BANK OF ST LOUIS COMMERCIAL PAPER OF NONFINANCIAL COMPANIES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS FEB. 18 MAR. BILLIONS OF DOLLARS 05 76.129 4 75,176 76,997 80 5 19 FEB 5 19 MAR 2 16 SO 14 28 II 28 MAY JUN 9 23 6 20 AUG 3 17 SEP 1 IS 29 12 26 10 24 1986 7 21 JAN 4 18 4 18 FEB MAR 1987 1 IS 29 LATEST DATA PLOTTED WEEK ENDING: MARCH 25, 1987 BUSINESS LOANS v ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ BILLIONS OF DOLLARS SEASONALLY ADJUSTED BILLIONS OF DOLLARS _ COMPOUNDED ANNUAL RATES _ OF CHANGE. AVERAGE OF THE FOUR *EEKS ENDING MARCH 18, 1987 FROM “THE FOUR WEEKS ENDING: * 21, 17, 19, 15, . 17, I. 18, . 19, - DEC 1987 1986 1986 1986 1986 1986 1986 -11 .9 FEB. II 283,744 280,096 5 19 FEB 5 19 MAR 2 16 90 14 28 II 25 MAY JUN 9 29 6 20 AUG 3 17 SEP 1 15 29 12 26 10 24 1986 ■1.11 II 1 11 1 I 1 1 1 1 7 21 4 18 4 18 1 15 29 JAN FEB MAR 1987 LATEST DATA PLOTTED WEEK ENDING: MARCH 18. 1987 1/ BUSINESS LOANS INCLUDE BANKERS* ACCEPTANCES AND C0M4ERCIAL PAPER. 2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 91.4 BILLION http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11