Full text of U.S. Financial Data : April 22, 1983

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

U.S. Financial Data
Federal Reserve Bank of St. Louis

April 22,1983

LIBRARY
m

2

5

1983

Since July of last year, the 90-day CD rate has declined
substantially. A slowing in business loan demand has eased the pressure
on commercial banks to seek additional funds by issuing large
certificates of deposit. The reduction in banks' demands for such funds
has led to the sharp drop in the interest rate on these deposits. From
July 1982 to March 1983, business loans at weekly reporting large
commercial banks grew at only a 3.3 percent rate, after increasing at
about a 20 percent rate over the first half of 1982. As the table below
illustrates, the rate on 90-day CDs began falling in July, as business loan
demand weakened.

The spread between the CD rate and the 3-month Treasury bill
rate rose steadily through July, as the table shows. The spread widened
substantially in September, as a momentary pick-up in business loan
demand led to a rise in the CD rate. In October, however, as business
loans fell, the CD rate declined substantially, reducing the spread by
about 100 basis points. As this decline in business loans continued
through December, the CD rate also continued to fall and the spread
narrowed further. Since early January, both rates have increased
moderately and the spread has remained fairly narrow.
—Scott E. Hein
Yields on Selected Securities

90-day
CD rate

3-month
Treasury
bill rate

Jan.

13.51%

13.37%

July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.

13.44
10.61
10.66
9.51
8.95
8.66
8.36
8.54
8.69

11.84
9.00
8.19
7.97
8.35
8.21
8.13
8.39
8.65

Yield quoted on a coupon-equivalency basis.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

U

Basis point
spread
14
160
161
247
154
60
45
23
15
4

2
ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
,94 ---------- 1------------- 1------

ILL IONS OF DOLLARS
—1------------- ----------- 194

BILLIONS

169.8
190.5
190.0
191.2
191 .3
91.4

4 18

FEB

MAR

APR

MAY

I

15 20 13 27

SEP

JUL
1982

OCT

10 24

NOV

8 22

5 10

DEC

2 16

FEB

2

18 30 13 27

MAR
1983

LATEST DATA PLOTTED WEEK ENDING: APRIL 20, 1983
THE ADJUSTED MONETARY BASE CONSISTS OF: ( 1 ) RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS 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,
4/21/82

7/21/82

7.6
7.4
7.6
7.5
7.9
8.8
9.7
9.5

6.9
7.4
7.3
7.9
9.2
10.4
10.0

AVERAGE OF FOUR WEEKS ENDING:

9/22/82 10/20/82 11/17/82 12/22/82

1/19/83

2/23/83

17.8
14.4

13.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
9/22/82
10/20/82
11/17/82
12/22/82
1/19/83
2/23/83
3/23/83
4/20/83


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

7.4
7.3
8.2
10.0
1 1.4
10.8

7.9
8.9
10.9
12.4
11.6

8.9
11.5
13.2
12.1

14.0
15.7
13.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
56

1983
AR.

BILLIONS
0

52.5
53.9

— APR.

3 17

3

53.3

17 31

14

12 26

9 23

7 21

4 18

I

15

13 27

10 24

8 22

5 19

2

JAN

FEB

16

2

16 30 13 27

LATEST DATA PLOTTED VCEK ENDING: APRIL 13, 1983
£?:K§TiP..i!0BH£5y,~BASE ‘Reserve accounts of financial institutions at federal
BAfKS PLUS CURRENCY IN CIRCULATION) LESS CURRENCY HELD BY THE NONBANK PUBLIC.

reserve

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE,
4/14/82

7/14/82

6.0
5.0
6.9
6.5
6.9
8.6
10.3
10.3

4. 1
7.7
6.9
7.5
9.7
12.0
11 .8

AVERAGE OF FOUR WEEKS ENDING:

9/15/82 10/13/82 11/10/82 12/15/82

1/12/83

2/16/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
9/15/82
10/13/82
11/10/82
12/15/82
1/12/83
2/16/83
3/16/83
4/13/83


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

9.5
7.5
8.2
1 1.3
14.2
13.7

10.9
10.9
14.0
17.0
15.9

7. 1
12.3
16.3
15.2

17. 1
21.3
18.6

26.3
21.1

20.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
505
500

Z

MAR
496.8
497.1
497. I
499.2
496. 1

495
490
485
480

465
460
455
450
445
440

3 17

3 17 31

4 28

APR

12 26

9 23

7 21

4 16

1

19 29 13 27

10 24

6 22

MAY

3 19

2

JAN

FEB

IQ

1982

2

16 30

13 27

1983

LATEST DATA PLOTTED WEEK ENDING: APRIL 13. 1983
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COMMERCIAL BAM< 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, AVERAGE OF FOUR WEEKS ENDING:
4/14/82

7/14/82

6.3
7. 1
8.5
9.2
8.9
10.0
11.1
10.6

11.8
13.2
13.2
12. 1
13.3
14.4
13.4

9/15/82 10/13/82 11/10/82 12/15/82

1/12/83

2/16/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
9/15/82
10/13/82
11/10/82
12/15/82
1/12/83
2/16/83
3/16/83
4/13/83


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

14.8
14.2
12.3
13.9
15.3
14.0

15.3
12.5
14.3
16.0
14.3

10.2
13.4
15.6
13.6

13.4
16.4
13.7

21.2
16.1

14. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

I

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK 2/
RATIO
2.9

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
.9

------- 1--------- 1—

1
RAT 1£>

1983
MAR.

9

2.6

AP

ft

J

?§
i!

n.H
13

2.7
Ml Ml LTIPLI :r

2.6

!!lll

LLLL -LLL..J_LL —LJ_11

1 1 1 -LLL INI XI 1

LATEST DATA PLOTTED WEEK ENDING: APRIL 13,

111 -LLLL 1 1 1

III -LLLL AXll

1983

BILLIONS OF DOLLARS
MO ---------- ,------------- ,------

BILLIONS OF DOLLARS
------------------- ----------- MO

COMPOUNDED ANNUAL RATES
-----OF CHANGE. AVERAGE OF
nrniL
i *»ocj rnUM
— THE FOUR WEEKS ENDING:
FEB.
— DEC.
NOV.
OCT.
— JUL.
_ AP

16,
I C,
15,
10,
13,
M,

1983
I 30J
1982
1982
1982
1982

12.7
12.
10!
10!

CURRENCY

13B3

3 17

3 17 31

14 28 12 26
APR
MAY

0 23

7 21
JUL

BILLIONS

111 I II I I I I I 1 I I I I
4 18
AUG

I

15 20 13 27 10 24
OCT
NOV

8 22

5 10
JAN

2 18
FEB

2 16

LATEST DATA PLOTTED WEEK ENDING: APRIL 13, 1983
1/ RATIO OF MONEY STOCK I 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 BAI* OF ST. LOUIS

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
20.0

19.0

18.0

PRIME BAN!
LOAN RATE

17.0

16.0
90 DAY
CD'S
15.0

14.0

14.0

13.0

12.0
MUNICIPAL
BONDS
11 .0

10.0
9.0

8.0

7.0
I I I I
5 10

5

FEB

MAR

10

I I I I

2 16 30 14 28

MAY

11

25

0 23

JUN

S 20

3 17

AUG

SEP

I

13 29 12 26 10 24

0

7 21

JAN

FEB

1982

MAR
1983

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: APRIL 22, 1983

1983
FEB.

MAR.

APR.

4
1 1
18
25
4
l 1
18
25
1
8
15
22 *
29

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS **

8.68
8.63
8.54
8.34
8.24
8.55
8.67
8.91
9.05
8.93
8.61
8.58

8.39
8.37
8.32
8. 14
8. 16
8.44
8.51
8.68
9.04
8.86
8.53
8.47

8.55
8.49
8.37
8. 19
8. 13
8.46
8.56
8.81
8.88
8.77
8.52
8.47

12.06
12. 1 1
12.08
11.82
11.63
11.72
11.79
11.76
11.75
11.66
1 1 .51
11.45

14.01
14.02
13.97
13.81
13.67
13.65
13.61
13.58
13.56
13.46
13.31
13.24

9.74
9.72
9.53
9.34
9.04
9.22
9. 19
9. 15
9.38
9.23
9.04
N. A.

* AVERAGES OF RATES AVAILABLE.
m 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

FUNDS RATE

TREASURY SECURITIES

3-MONTH
:ASURY bill

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

FEDERAL
FUNDS an
FEB.

4

1 1
18
25
MAR.

4

APR.

1 1
18
25
1

8

15
22 X
29

8.53
8.50
8.62
8.47
8.44
8.59
8.57
8.75

8.88

9.43
8.76
8.70

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY

8. 16
8. 16
7.91
7.97
8.25
8.31
8.55
8.64
8.45
8. 16

8.23
8.35
8.39
7,97
7.95
8.17
8.26
8.54
8.71
8.71
8.25

8. I I

8.20

8.22

bill

aem

4

D

1982
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK

JAN

ENDINGt APRIL

I-YEAR
TREASURY
BILL
8.34
8.41
8.33
8.05
7.98
8.27
8.37
8.55
8.60
8.46
8.26
8.27

IS

FEB

4

18

1

22, 1983

5-YEAR
TREASURY
SECURITIES
10.38
10.45
10.28
9.95
9.76
10.03
10.08
10.26
10.28
10.13
9.98

10.00

LONG-TERM
TREASURY
SECURITIES

1 1.01
11.04
10.91
10.59
10.45
10.67
10.70
10.70
10.71
10.61
10.45
10.45

* AVERAGES OF RATES AVAILABLE.

2,

WoPssas&iPHWijfft®

TREMURY 6?L±"yI5nTRB«Ii.ARE C0M>UTEB BY


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

than date

FEDERAL

sHom-

reserve bank

OF ST. LOUIS.

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

13 29

MAR

8
TOTAL CHECKABLE DEPOSITS^
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
365
360

357.3
355.7

355
357.4
354.3

350

345

340

335

330

325

320

315

310

8 17

3 17 31

14 28 12 26
APR
MAY

9 23

7 21
JUL

4 18
AUG

LATEST DATA PLOTTED WEEK ENDING* APRIL 13,

1

!5 29 13 27 10 24
OCT
NOV

8 22

8 19
JAN

2 16
FEB

2 18 80 18 27

1983

1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
4/14/82

7/14/82

5.6
6.8
8.7
9.9
9.4
10.9
12.0
1 1 .3

13.9
15.8
16.2
14.3
15.7
16.7
15.3

9/15/82 10/13/82 11/10/82 12/15/82

1/12/83

2/16/83

24.1
17.4

14.0

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
9/15/82
10/13/82
11/10/82
12/15/82
1/12/83
2/16/83
3/16/83
4/13/83


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

17.9
17.7
14.5
16.4
17.7
15.8

19.4
14.7
17.0
18.4
16.0

11.5
15.5
17.6
15.0

14.6
17.8
14.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TOTAL TIME DEPOSITS-^
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
850 rz------ ,------------- 1------

2
0
16
23
30
8

3 17
FEB

LLIONS OF DOLLARS
"I------------- -------- q 850

707.0
702.9
699.6
697.2
698.5
695.5

3 IT 31 M 28 12 20 0
- 23
—
MAR
APR
MAY
JUN

li-l I I I I I
7 21 4 18
JUL AUG

1 13 29 13 27 10 24
SEP
OCT
NOV

8 22

5 19

2 10

U 1 I 1 I I
2 10 30 13 27

1982
LATEST DATA PLOTTED WEEK ENDING, APRIL 6. 19SS
1/ SAVINGS DEPOSITS PLUS SMALL TlfcC DEPOSITS PLUS LARGE TIME DEPOSITS

MMDAs, MMMFs and "SUPER NOWs"
(billions of dollars, not seasonally adjusted)
MMDAs 1/
Mar.

Apr.

9
16
23
30
6

13

MMMFs 2/

$311.2
319.6
325.3
329.3
334.7
340.2

$199.4
197.8
196.2
193.7
191.9
189.8

"SUPER WOWs" 3/
$25.9
26.5
26.8
27.1
28.6
29.1

V,
2/

deposit
accounts
all depository institutions, effective 12/14/82
Total market
money market
mutual
fund atbalances.
3/ NOW accounts at all depository institutions, requiring a $2,500 minimum balance
and eligible to earn more than 5.25 percent, effective 1/5/83.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BAMC OF ST. LOUIS

9

10
SMALL TIME DEPOSITS!/
COMMERCIAL BANK SAVINGS DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

450
440

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
THE FOUR *EEKS ENDING
APRIL 13, 1983 FROM
THE FOUR WEEKS ENDING!
FEB.
JAN.
DEC.
NOV.
OCT.
JUL.
APR.

16,
12,
15,
10,
13,
14,
14,

430
420
SMALL TIME DEPOSITS

1983 -32.8
1983 -42.6
1982 -43.1
1982 -35.5
1982 -31.6
1982 -19.1
1982-11.0

410
400
390
380
370
360
350
340

1983

BILLIONS

330
320
310

APR.

300

I I I I I I I I I I I I I I I I

0

LATEST DATA PLOTTED WEEK EMJING: APRIL 13,

1983
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

190 rr
ISfii

BILLIONS

SAVINGS DEPOSITS

3 17

3 17 31

14 28 12 26
APR
MAY

I I I I
9 23

7 21
JUL

OCT

AUG

LATEST DATA PLOTTED WEEK ENDINGt APRIL 6,

NOV

JAN

FEB

1983

1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
BILLIONS OF DOLLARS
4.5
4.0

3.5
3.0

1983

AVERAGES

OF

DAILY

FIGURES

billions of

dollars

4.5

MILLIONS

~ MAR.
16
Z
23
30
- APR.
6
13
Z.
20

z

894
641
896
1767
585
665

lLLL.

Z

3.5

z
3.0

z

E

E

E

2.5

2.5

2.0

I .0

2.0

y

V

E
z

;

______ A
/U

A \_ A
u A
\ s

0.5

V

1 1 1 —LI. .1 1 ■111 -L.1 1 -LI II 111 J 11
OK 3 17 31 14 26 12 26
8 23 7 21 4 18
FEB
MAR
APR
MAY
JUN
JUL
AUG

0

—

A
S,

r\

>\

fsJ

A

1111 _L1 1
i i i
i 111
1 1 1
1 15 29 13 27 10 24
8 22 5 18
SEP
OCT
NOV
OEC
JAN

1982
LATEST DATA PLOTTED KEEK ENDING: APRIL 20,

Z

3

1.5

4.0

_

\

A

0.5

111
2 16 2 16 3C 13 27
MAR
FEB
APR
IS>83

1983

BUSINESS LOANS^

( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
228

224

220

216

BILLIONS OF

_----- 1--------- 1------- 1------- —
- COMPOUNDED ANNUAL RA TES
- OF CHANGE. AVERAGE 0 F
- THE FOUR WEEKS END IN G ------- APRIL 13, 1983 FROM
- THE FOUR WEEKS END IN G:

~
“
Z_

FEB.
JAN.
DEC.
NOV.

16, 1983
12, 1983
15, 1982
10, 1982

_ JUL • 14|
_ APF . 14,

228

=
224

~

-1.2
4.5
2.8
0.4

962
982

220

216

■%

2.6
6.5

212

212
=

2
208

2

££

204

208

/

204

2

-

200
196

192

0

iaaa

million?

-

16
23
30
APR. 6
13

218,510
217,740
217,478
217,659
215.617

~
“

200

-

-

!lll

-n 11

in

111

FEB

MAR

APR

MAY

_l_LL.l
JUN

1 1 1

1 1 1

-LI II

1 1 1

1 1 1

1.1.11

JUL
1982

AUG

SEP

OCT

NOV

DEC

LATEST DATA PLOTTED WEEK ENDINGt APRIL 13,
1/ BUSINESS LOANS INCLUDE BANKERS'

ini""........................ ;
16 30 13 27
FEB

MAR
1983

APR

1983

ACCEPTANCES AND COMMERCIAL PAPER.

2/ BAM<S WITH DOMESTIC ASSETS OF 8750 MILLION OR MORE


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

196

192

12
LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY AO JUS I tL?

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

230.7
230.0

S 17

3 IT SI

14 20 12 26

APR

9 23

7 21

4 16

I

18 29 18 27 10 24

MAY

OCT

NOV

8

0 IB
JAN

2 16
FEB

2 16

LATEST DATA PLOTTED WEEK ENDINOt APRIL 13. 1963
CURRENT DATA APPEAR IN THE BOARD OF OOVERNORS* H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF 9100,000 OR MORE.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BAMC OF ST. LOUIS