Full text of U.S. Financial Data : April 29, 1983

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

April 29,1983

LIE RARY
•AY 2

1933

The money stock has increased at a rapid pace since
early this year. This development can occur as a result of either a
similar rapid growth in the adjusted monetary base or because of a
substantial rise in the money multiplier. Since early this year, the
money multiplier has remained fairly stable (see page 5). In this
environment, rapid money stock growth must be associated
directly with rapid adjusted monetary base growth. From the four
weeks ending January 5, 1983, to the four weeks ending April 20,
1983, the money stock grew at a 13.8 percent rate and the
adjusted monetary base grew at a 13.6 percent rate.
The adjusted monetary base consists of source base plus
a reserve adjustment magnitude (RAM). The major factor usually
causing large changes in the source base is changes in Federal
Reserve holdings of government securities. The decline in these
holdings since the first of the year has been reflected in a decline
in the source base. The RAM adjustment is included in the
adjusted monetary base to reflect reserves freed or absorbed by
changes in reserve requirements relative to a base period. The
table shows that a substantial increase in RAM since the first of
the year has more than offset the decline in the source base,
resulting in a rise in the adjusted monetary base.
—Scott E. Hein
Components of the Adjusted Monetary Base
(not seasonally adjusted)

Peri odl/
1/ 5/83
4/20/83

Fed holdings
of government
securities

Source
base

RAM

Adjusted
monetary
base

$147.1

$180.0

$8.2

$188.2

145.5

177.3

12.4

189.7

1/ Averages for the four weeks ending dates shown.


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

fl-LLi 1.QNS
_

MAR.

23

190.5
190.0
191.2
191.2
191.5
191.1

182
180
178
176
174
172

3

17 31

14 28

APR

12 26

9 23

7 21

4

18

I

15 29 13 27

MAY

OCT

|0 24

8 22

NOV

5 19

2

JAN

FEB

16

2

16 30

13 27

11

25

LATEST DATA PLOTTED WEEK ENDINGt APRIL 27, 1983
IKL£9.JU;?JfRr.M2NlTA.5X 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 DEP0SIT6RY INSTITUTIONS). AND ( 3) AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO
?t£N£ES.A..Jt!E “WpR SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDML
DATA
ABLECFROMTTHl|YBANKS BANK‘ A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAIL-

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
4/28/82

7/28/82

AVERAGE OF FOUR WEEKS ENDING:

9/29/82 10/27/82 11Z24/82 12/29/82

1/26/83

3/2/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
9/29/82
10/27/82
11/24/82
12/29/82
1/26/83
3/ 2/83
3/30/83
4/27/83


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

7.2
7.3
7.3
7.6
7.7
9.0
9.4
9.4

7.4
7.4
7.7
7.9
9.8
10.3
10. 1

7.8
8.2
8.4
1 1.0
1 1.4
11.0

8.2
8.4
1 1.6
12.0
11.5

8.9
12.8
13.0
12.2

15.0
14.7
13.2

17.4
14.6

11.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
BILLIONS OF DOLLARS
56
~i
i
iaaa
-

MAR.
APR.

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
56

r~

mupN$

16
23
30
6

53.1
53.3
52.5
53.9

20

53. 6

-

AA

-

r\
-

J
-

AA

r A Tv A

-A
AA

/J

-

-

i

a
i 11 -LLLL J_LL ...l-LL J 111- XLL- -LLL i in. m -LLL
..1.LLL
■ii i
1 1.LL 1 ii
I 13 20 13 27 10 24 8 22 5 10 2 16 2 16 30 13 27 II 25
3 17 31 14 28 12 26 0 23 7 21 4 16
SEP
OCT
NOV
DEC
MAR
APR
MAY
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
1982
1983
LATEST DATA PLOTTED WEEK ENDING: APRIL 20. 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,
4/21/82

7/21/82

5.4
5.0
6.9
6.8
6.9
8.8
10.8
10.3

5.0
8.3
7.9
7.9
10.5
13.0
12. 1

AVERAGE OF FOUR WEEKS ENDING:

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

1/19/83

2/23/83

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

1 1.0
9.2
8.9
12.3
15.5
14.0

12.2
10.9
14.6
18.0
15.9

7.1
13. 1
17.5
15.2

17.0
22. 1
17.9

29.0
21.1

18.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

4
MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
505 r:---------- ,---------- 1------

BILLIONS OF DOLLARS
----------------------------=1 505

B1LUQN$
497.2
497.2
499.3
496.2
494.2

3 17 31 14 28 12 28 0 23
WAR
APR
MAY
JUN

7 21
JUL

AUG

15 20 13 27 10 24 8 22
SEP
OCT
NOV
DEC

5 10
JAN

2 10
FEB

1982

2 18 30 13 27 11 25
MAR
APR
MAY

1983

LATEST DATA PLOTTED WEEK ENDINGt APRIL 20. 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 FORE IGNBANKS AND OFFICIAL INSTITUTIONS)
AND OTHER CHECKABLE DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS’ (^CKS

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDING:
4/21/82

7/21/82

6.6
7.5
8.8
9.4
9.0
10.6
1 1.2
10.4

12.5
13.8
13.5
12.4
14.2
14.6
13. 1

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

1/19/83

2/23/83

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

15. 1
14.2
12.2
14.8
15.3
13.2

15. 1
12.3
15.4
15.9
13.4

9.8
14.6
15.4
12.5

15.7
16.4
12.5

21.3
14.5

8.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

¥

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

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

--------- 1

RATIO
2.9

1------- 1---------

1983

RATIO

MAR.
APR

g,g]7
i:k 7

\

ll

Ml MUL TIPLIIER

$

1 1 II

111

111

1111

111

111

MM -LLL 111

1111

in

in -LL-LL -LLL -LLL

LATEST DATA PLOTTED WEEK ENDINGt APRIL 20, 1983
BILLIONS OF DOLLARS
MO ------------- 1---------- 1---------- 1------------138
136

132

-

COMPOUNDED ANNUAL RAT ES
—OF CHANGE, AVERAGE OF
THE FOUR ifalEKS ENDING
“ APRIL 20, 1983 FROM
___THE FOUR WEEKS ENDING
-

134

BILLIONS OF DOLLARS
140

FEB.
JAN.
— DEC.
_
NOV.
OCT.

23,
19,
22,
17,
20,

1983
1983
1982
1982
1982

_

21!

1982

APR

11.1
11.9
12.0
10.7
10.2

138
-

136
-

134
CUP.REN :y

-

132
9. 1

-

-

-

-

126

6. ILL 10MS “

1SSi
MAF

12 4
-

'll

APF .

126
124

§

122

122
t

I LLL
3 17 31

_LLL
i.i. i.„
14 28 12 20

MAR

j

APR

MAY

in
0 23

JUN

LJ.L 1 11
7 21 4 18

JUL
AUG
1982

INI
i 11
111
N11
I IS 20 13 27 10 24 8 22

SEP

OCT

NOV

DEC

L

L

J

!

i ii. -LLL llij
lli
S 10 2 16
2 16 30 19 27 II

JAN

FEB

MAR
1983

APR

MAY

LATEST DATA PLOTTED WEEK ENDING: APRIL 20, 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

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PERCENT
—i 20.0

20.0 r-

I ME BANK
■ PAN RATE

90 DAY

CD'S

CORPORATE
Aaa BONDS

5 18
MAR

2 16 30 14 28 II 23 8 23 6 20
APR
MAY
JUN
JUL
AUG
1982

3 IT
SEP

I 15 28 12 26 10 24
OCT
NOV
DEC

7 21
JAN

4 18
FEB

4 18
MAR
1983

1 15 28 IS 27
APR
MAY

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: APRIL 29.

1983
MAR.

4
1 I
18
25
APR.
1
8
15
22
29 ft
MAY
6
13
20
27

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

8.24
8.55
8.67
8.91
9.05
8.93
8.61
8.57
8.42

8. 16
8.44
8.51
8.68
9.04
8.86
8.53
8.47
8.35

8. 13
8.46
8.56
8.81
8.88
8.77
8.52
8.48
8.33

CORPORATE
Aaa BONDS
11.63
11.72
11.79
11.76
11.75
11.66
11.51
11.46
11.46

CORPORATE
Baa BONDS
13.67
13.65
13.61
13.58
13.56
13.46
13.31
13.25
13. 19

1983

MUNICIPAL
BONDS «X
9.04
9.22
9. 19
9. 15
9.38
9.23
9.04
9.09
N.A.

* AVERAGES OF RATES AVAILABLE.
W BOND BUYER'S AVERAGE INDEX 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 ENDED FRIDAY

PERCENT

PERCENT

18.0 [—

—I 18.0

FUNDI

RATE

BILL

1.1 I I I I
5 19

2 16 30 14 28 II 23

MAR

4
1 1

18
25
APR.

l
6

15
22
29
6
13
20
27

MAY

JUN

9 23

6 20

3 17

12 26 10 24

JUL

7 21

AUG SEP
OCT
NOV
DEC
JAN FEB
MAR
APR
MAY
1982
1983
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt APRIL 29, 1983

MAR.

APR

3-MONTH

FEDERAL
FUNDS**

TREASURY

8.44
8.59
8.57
8.75
8.88
9.43
8.76
8.70
8.58

7.97
8.25
8.31
8.55
8.64
8.45
8. 16
8.12
8.13

BILL

6-MONTH
TREASURY
BILL *K*

I-YEAR
TREASURY
BILL

7.95
8. 17
8.26
8.54
8.71
8.71
8.25
8.20

7.98
8.27
8.37
8.55
8.60
8.46
8.26
8.29

9.76
10.03
10.08
10.26
10.28
10. 13
9.98

8.22

8.20

9.98

5-YEAR
TREASURY
SECURITIES

10.02

LONG-TERM
TREASURY
SECURITIES

10.45
10.67
10.70
10.70
10.71
10.61
10.45
10.48
10.47

* AVERAGES OF RATES AVAILABLE.

THAN 0ATE S™*NTREASURY Blff'y^{,DSR^COUNTR^fl.ARE C0“>UT“ BY THE FEDERAL HESERVE BANK «= ST- LOUIS.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
TOTAL CHECKABLE DEPOSITS^
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
365

BILIIQM&

360

355.7
355. I
357.3
354.3
351 .7

“ APR

355
350
345

330
325
320
315
310

5 IT 31

14 28 12 26

APR

9 23

7 21

4 18

I

15 29 15 27 10 24

OCT

MAY

S 22

NOV

5 19

2 16

2 16 50 13 27 II 25

JAN

FEB

APR

MAY

LATEST DATA PLOTTED WEEK ENDINGt APRIL 20, 1983
1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGt
4/21/82

7/21/82

6. 1
7.3
9.3
10.3
9.6
11.6
12.2
1 1 .0

14.8
16.6
16.5
14.5
16.7
16.9
14.7

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

1/19/83

2/23/83

24.2
15.2

7.5

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

18.6
17.7
14.3
17.4
17.6
14.7

19.2
14.2
18. 1
18.2
14.7

10.6
16.7
17.2
13.3

17.0
17.6
12.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TOTAL TIME DEPOS I TS 1/
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES

StASUNALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

850 p---------1---------r—

--------------------T------ 850

BILLIONS
9
16
6

3 IT 31

MAR

14 28 12 26

APR

— 840

702.8
699.4
697.0
698.4
696.I
693.4

MAY

0 23

7 21

4 18

I

15 29 13 27 10 24

JUN

JUL
AUG
SEP
OCT
1982
LATEST DATA PLOTTED WEEK ENDINGt APRIL 13. 1983

NOV

8 22

3 19

2 16

2 16 30 13 27 II 25

JAN

FEB

APR

MAY

1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

MMDAs, MMMFs and "SUPER NOWs"
(billions of dollars, not seasonally adjusted)

MMDAs 1/

MMMFs 2/

"SUPER NOWs"

Mar.

16
23
30

$319.6
325.3
329.3

$197.8
196.2
193.7

$26.5
26.8
27.1

Apr.

6
13
20

334.9
340.6
342.6

191.9
189.8
186.0

28.7
29.4
30.1

3/

1/ Money market deposit accounts at all depository institutions, effective 12/14/82.

if
3/

Total money market mutual fund balances.
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 BANK OF ST. LOUIS

9

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

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

460
450

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
APRIL
nrn i L 20,
tu i 1983
i vOv FROM
r
THE FOUR WEEKS ENDING:

440
430
420

FEB. 23, 1983-29.2
DEC.
NOV.
OCT!
JUL!
APR!

13,

22,
CC,

I 90J
1982
130 C

SMALL TIME DEPOSITS

J9.4

410

-42.6
~T C . U
17, 1982 -35.8
20j 1982-31.8
21! 1982-20.1
21! 1982 -1 1 .6

400
390
380
370
360
350

lafii

340

biu-lons

330
320
310
300

111 l-i . i

11111111

0

LATEST DATA PLOTTED WEEK ENDING: APRIL 20,

1983
BILLIONS OF DOLLARS
190

BILLIONS OF DOLLARS

1983

BILLIONS

185

MAR.
180
175
170

SAVINGS DEPOSITS

165
160
155

3 17 31

14 26 12 26
APR
MAY

0 23

7 21

I

15 20 IS 27 10 24
OCT
NOV

8 22

5 10
JAN

2 16
FEB

2 16 30 IS

1982
LATEST DATA PLOTTED WEEK ENDING: APRIL 13, 1983
1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
BILLIONS OF DOLLARS
4.5 -- ----------,--------- ,----1983

LLIONS OF DOLLARS
—---------- --------=J 4-5

MILLIONS

MR. 23
APR.

AVERAGES OF DAILY FIGURES

641

6

3 17 31 14
MAR
APR

12 2# 9 23
MAY
JUN

7 21
JUL

AUG

SEP

_ 13 27 10 24
OCT
NOV

22

5 19
JAN

2 10
FEB

2 IS 30 13 27 II 25
APR

MAY

1982
LATEST DATA PLOTTED WEEK ENDING* APRIL 27.

1983

BUSINESS LOANS u

( COMMERCIAL AND INDUSTRIAL )
WEEKLY REPORTING LARGE COMMERCIAL
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

216

BILLIONS OF

FEB. 23,
JAN. 19,
DEC. 22,
NOV. 17,

1983
1983
1982
1982

-2.4
2.1
2.6
0.5

I JUL: 2i:
_ APR. 21.

982
982

2.0
5.8

.

=

z

z

-LLL.

204

224

220
216

212
208

228

m i
1

“
I

TTT

220

V

1

224

BANKS

~—'—1---------1------------ 1------------- COMPOUNDED ANNUAL RAT ES
- OF CHANGE, AVERAGE OF
- THE FOUR WEEKS ENDING
- APRIL 20, 1983 FROM
- THE FOUR WEEKS ENDING

1

22S

-

212
208

204
198;

I
196

192

16
23
30

z

MILLIONS

-

218,510
217,740
217,478

Z
-

APR.

gi 111
MAR

-in

in

iiii

APR

MAY

JUN

111

111

JUL
AUG
1982

iiii

111

111 JJ 1 1,
-1

SEP

OCT

NOV

LATEST DATA PLOTTED WEEK ENDING* APRIL 20.

DEC

L.L

JAN

13
215,575
“
20
216,050
■' ..........................................’
FEB

MAR
1983

1983

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS 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

200
196

192

12
LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY AOJUS ItU

BILLIONS OF DOLLARS

ILL IONS OF DOLLARS

285 c----------- 1----------- r—
BILLIONS
MAR.

3 17 31

16

14 23 12 23
APR
MAY

» 23

7 21
JUL

4 13
AUG

I

13

LATEST DATA PLOTTED WEEK ENDING. APRIL 20,

IS 27 10 24

• 22

5 10
JAN

2 16
FEB

2 16 SO IS 27 II 23
APR
MAY

1083

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF 3100,000 OR MORE.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS