Full text of U.S. Financial Data : April 30, 1987

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RESEARCH LIBRARY
Federal Reserve Bank

°HSu.is Financial Data
MAY 0 5 7987

April 30, 1987

THE WEEK'S HIGHLIGHTS:
Ml rose $14.8 billion in the week ending April 20. It had grown
at only a 0.5 percent annual rate in the three months ending April
13, compared with a 20 percent growth rate in the prior nine months
(page 3).
v*

The demand deposit component of Ml rose $9.3 billion in the week
ending April 20. Demand deposits had declined at a 15.4 percent
rate in the three months ending April 13, compared with a 17.6
percent growth rate in the prior nine months.

s

Large time deposits at commercial banks have risen by about $12
billion since early February (page 8). Total time deposits (including
savings deposits) have risen about $16 billion since early February
(page 9).

v*

Business loans at large commercial banks have declined in most weeks
in 1987, dropping about $10 billion since year-end 1986 (page 11).

is

Commercial paper outstanding issued by nonfinancial companies has
been between $75 and $80 billion since early January (page 11).

v*

The composite index of leading economic indicators rose at a 4.6
percent annual rate in March, following a rise of 5.3 percent in
February.
tiie

FEDERAL
A RANK of
X RESERVE
nr ST. UH'LS

Views 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

ififlZ.
FEB,
MAR.
APR.

11
25
It
25
8

BILLIONS OF DOLLARS
268

BILLIONS
259.4
259.3
261.0
260.0
261.1
260

MAY

JUN

°aJI I7SeP MoA“ nSv'9 D3Ei7 3,J/M

2Ui

£

20

2Ut 2Vr

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING* APRIL 22, 1987
THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL
RESERVE BAWS. 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 FI— _ ------------------------RESERVE CREDIT. ------ ----------------------------- -------DATA
. COMPUTED BY THIS
BANK. A DETAILED DESCRIPTION OF THE ADJUS
MONETARY BASE IS AVAILABU IFROM THIS BANK.
LE
RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDING*
4/23/86

7/16/86

9/24/86 10/22/86 11/19/86 12/17/86

1/28/87

THE AVERAGE OF
) MAINTENANCE
tIODS ENDING*
9/24/86
10/22/86
11/19/86
12/17/86
1/28/87
2/25/87
3/25/87
4/22/87

8.7
8.4
9.2
9.2
10.2
9.5
9.2
8.9


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Federal Reserve Bank of St. Louis

8.3
9.6
9.6
1 1 .0
9.9
9.4
9.0

10.6
10.3
12.2
10.4
9.6
9. 1

12.0
13.7
11.1
10. 1
9.4

13.4
10.2
9.2
8.5

10.4
9.0
8.3

4. 1
4.6

5.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
760 ------------.--------- 1-----

_

MAR.

3 17 31

MAR

BILLIONS OF DOLLARS
---------------------------- 760

10

14 28 12

APR

4 18

MAY

JUL
AUG
1986

1 15 2B 13 27 10 24

SEP

OCT

NOV

22

DEC

5 18

2 18

2 16 30 13 27 11 25

JAN

FEB

MAR
1987

LATEST DATA PLOTTED WEEK ENDING* APRIL 20, 1987
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.0 RELEASE.
IWifiF/JVMSvgSS'^aKBY THe N0NeANK PUBL,C'DEMW DEP0SITS-0TH6R CHECKABLE

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING;
7/21/86

9/22/86 10/20/86 11/17/86 12/22/86

1/19/87

2/23/87

TO THE AVERAGE
OF FOUR WEEKS
ENDING;
9/22/80
10/20/80
11/17/80
12/22/80
1/19/87
2/23/87
3/23/87
4/20/87

17.6
16.9
16.9
19.0
19.6
16.8
15.8
15.2


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Federal Reserve Bank of St. Louis

15.4
15.7
19.3
20. 1
16. 1
14.8
14.2

15.2
21.5
22.2
16. 1
14.3
13.6

25.2
24.9
16.7
14.4
13.6

28.7
16.6
13.9
13.0

8.7
7.5
7.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY MULTIPLIERS
CURRENCY COMPONENT OF MONEY STOCK v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTtD

RATIO

1987
EB.
AR.
PR.

9
23
9
23
6
20

RATIO
2.838
2.848
2.831
2.849
2.833
2.861

Ml MULTIPLIER

5 19

2 16 30 14 28 11 28

MAY

JUL

8 22

AUG

6 20

3 IT

OCT

T 21

APR

10 24

RATIO

NOV

1

15 29 12 26

JAN

9 23

0 20

4 18

APR

9 23

FEB

MAY

LATEST DATA PLOTTED TWO WEEKS ENDING* APRIL 20, 1987
BILLIONS OF DOLLARS
-------- -------------------- 192

BILLIONS OF DOLLARS
192 ------------1--------- 1—

188
100

_ COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE
- THE FOUR WEEKS END
—APRIL 20, 1987 FROI
_ THE FOUR WEEKS END
_

184

FEB. 23,
JAN. 19,
DEC. 22,
—NOV. 17,
- OCT. 20,
_
JUL. 21,
APR! 21 *

1987
1987
1986
1986
1986
1986
1986

4,
7
8
8
8
8

CURRENCY

BILUQ-NS
MAR.

187,9
188.1
187.7
187.7
188.6
189.3
11111111111 In

ll LLl

12 26

APR

9 23

MAY

7 21

4 18

JUL

AUG

1

15 29 13 27 10 24

OCT

8 22

NOV

3 19

2 16

JAN

FEB

16

2 16 30 13 27 II

APR

MAY

LATEST DATA PLOTTED WEEK ENDING. APRIL 20, 1987
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 BAI* OF ST. LOUIS

TOTAL CHECKABLE DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
I

lflfil
MAR. 16
23
—
30
APR.
6
13
20

BILLIONS OF DOLLARS
575

BILLIONS
545.9
544.4

555

546.7
560.9

515

495

455

3 17 31

14 28 12

APR

0 23

7 21

4 10

JUL

MAY

AUG

I

IS 29 13 27 10 24

OCT

0 22

5 19

2 16

JAN

NOV

FEB

2 16 30 13 27

APR

II

29

MAY

LATEST DATA PLOTTED WEEK ENDINGt APRIL 20, 1987
TOTAL.CHECKABLE
TOTAL CHECKABLE DEPOSITS IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL
DEPOSITORY INSTITUTIONS,

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGt
4/21/86

7/21/86

21.6
20.6
20.5
23.5
24.0
20.0
18.6
18.0

18.3
18.6
23.8
24.5
18.716.9
16.3

9/22/86 10/20/88 11/17/86 12/22/86

1/19/87

2/23/87

TO THE AVEF?AGE
OF FOUR WEEIKS
ENDINGt
9/22/86
10/20/86
11/17/86
12/22/86
1/19/87
2/23/87
3/23/87
4/20/87


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Federal Reserve Bank of St. Louis

17.6
26.9
27.3
18.4
16. 1
15.4

32.2
31.1
19.0
16.2
15.4

36.5
18.9
15.4
14.6

7.2
6.3
7.4

-2.4
1.5

7.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

PERCENT

11.0

9,0

Aaa B<

municipal

5,0

7 21
MAR

4 10
APR

2 10 30 13 27 II 25 0 22
JUN JUL
1986

18

9 17 31 14 28 12 20
NOV DEC

9 23

0 20
FEB

0 20
MAR
1987

9 17
APR

I 15 20

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* MAY 1, 1987,

1987
MAR.

6
13
20
27
APR.
3
10
17
24
MAY
1 K
8
15
22
29

90 DAY
CD'S

30-DAY
COMMERC1AL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
bonds aw

6. 10
6. 15
6.16
6.22
6.30
6.30
6.65
6.58
6.75

6.12
6.20
6.21
6.29
6.30
6.23
6.50
6.39
6.54

5.98
6.08
6.10
6. 18
6.21
6,23
6.52
6.49
6.69

8.34
8.36
8.36
8.36
8.50
8.56
8.82
9.07
9.25

9.60
9.61
9.58
9.62
9.72
9.77
10.05
10.23
10.38

6.54
6.61
6.68
6.79
6,93
7.27
7.90
7.82
N. A.

NOTE* CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS * H.I5 RELEASE.
M AVERAGES OF RATES AVAILABLE
aw 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

PERCENT
11.0 r-

PERCENT

RATE

TREASURY

ITIES

■''''A V'
DISCOUNT

4 18

MAR

APR

2 18 30 19 27 II

JUN

23

8 22

3 18

3

RATE

17 31

JUL

14 28 12 28

NOV

8 23

8 20

DEC

6 20

FEB

3 17

MAR
APR
1967
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING' MAY 1, 1987.

1967
MAR.

6
13
20
27
APR.
3
10
17
24
MAY
1 K
8
15
22
29

I

IS 28

MAY

FEDERAL
FUNDS «R

BILL

6-MONTH
TREASURY
BILL KKX

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

6.06
6. 12
6.08
6.14
6.21
6. 13
6.41
6.26
6.50

5.54
5.66
5.55
5.60
5.56
5.62
5.80
5.54
5.77

5.51
5.59
5.58
5.55
5.80
5.63
6.08
6.00
6.14

5.61
5.72
5.64
5.71
5.81
5.87
6. 19
6.24
6.35

6.71
6.77
6.76
6,83
7.09
7.24
7.68
7.83
7.94

7.58
7.63
7.61
7.67
7.94
8.06
8.43
8.62
8.66

NOTEt CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE EXCLUDING LONG-TERM TREASURY
« AVERaIeS^OF^TE^AVAILABLE0^^^ BY ™IS BAf*' TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS,


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Federal Reserve Bank of St. Louis

ending

°*YS E*RL1“THAN °*TE»«»
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
COMMERCIAL BANK
SMALL TIME DEPOSITS!/
LARGE TIME DEPOSITS*/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

-

APR

16
23
30
6
13
20

BILLIONS
360.2
359.6
356.
358.
358.
357. £

1 1

MAR.

J .l

iSfil

I

1 1

-

ILL IONS OF DOLLARS
410

J-J.LJ-

BILLIONS OF DOLLARS
410

SMALL TIME 1 >EPOSI TS

III!

-L I

:

380

=

:

2
360

360
i
i

r_

J-LL -LLL III! -LLL -LLL -1J.J-L -LLL -LLL 1 1 1 1 -LLL III J-LLL J-LL
LATEST DATA PLOTTED WEEK ENDINGi APRIL 20, 1987
BILLIONS OF DOLLARS

ISfil
_

MAR.

BILLIONS OF DOLLARS

BILL.LQN&

16

299.1

6
13

303
305

LARGE TIME DEPOSITS

9 17 91 14 28 12 26
APR MAY

9 29

7 21

4 18

I 15 29 19 27 10 24
OCT
NOV

8 22

1986

5 19
JAN

2 16
FEB

2 16 90 19 27 II 25
APR MAY
1987

LATEST DATA PLOTTED WEEK ENDING: APRIL 20, 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

BILLIONS OF DOLLARS
840

BILL LQNS.
827.1
827.4

835

836. 1
836.0

825

820

815

810

805

800

3 17 31

14 26 12 26

APR

8 23

7 21

4 16

JUL

MAY

AUG

I 15 28 13 27 10 24

OCT

6 22

5 18

2 16

JAN

NOV

FEB

2 16 30 13 27 II 23

APR

MAY

LATEST DATA PLOTTED WEEK END I NOt APRIL 20, 1987
TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDING:
4/21/86

7/21/86

-0.7
-0.9
-0.6
0. 1
1 .8
2. I
2.5
3.2

0.3
0.6
1.5
3.8
3.9
4.2
5.0

9/22/86 10/20/86 11/17/86 12/22/86

1/19/87

2/23/87

5.3
7.4

9.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
9/22/86
10/20/86
11/17/86
12/22/86
1/19/87
2/23/87
3/23/87
4/20/87


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Federal Reserve Bank of St. Louis

-0.2
1 .6
5.2
4.9
5.2
6. 1

3.3
7.5
6.5
6.6
7.4

10.3
8.0
7.8
8.6

9.9
8.9
9.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

ILL IONS OF DOLLARS

—I--------- -------- 3.0

3.0 ------- i--------- 1----

MILLIONS

1087

22

1210
TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDINGt APRIL 20, 1087
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

2.5

1

2.5

1

-

MAR. 25
^ i

302

22
20

935
463

m

1

MM

-

MILLIONS

1

1987

1

I

1

1

ADJl STMEN T + SEA SONAL
BORR OWINGS

1.5

1.5

|
-

1.0

A,

0.0

V"

.in

9 10
MAR

Y

V'' \Y

A Iv

Y

LUX 111 .j-i-i XLLL i-l.Li -U-L 1111
2 19 90 14 28 II 29
APR
MAY
JUN

0 29

JUL

6 20

AUG

9 17
SEP

1\1

A A
f

f

lLI 1.

-LUX XIL XLL XLL -LUX -LLL

19 29 12 28 10 24
OCT
NOV
DEC

I9B6

A

A'
J

MM

0.5

7 21

JAN

18
FEB

18
MAR

IS 20 19 27
APR
MAY

1987

LATEST DATA PLOTTED WEEK ENDINQi APRIL 29. 1987


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0.0

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
BILLIONS OF DOLLARS
g5 --------- ,------------ ,----I

NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
----- ------------ ---------- 95

1937

— APR.

19

2 10 90 14 28 II

MAR

APR

MAY

JUN

0 29

JUL

0 20

AUG
1986

9 17

I

SEP

OCT

19 29 12 20 10 24

NOV

DEC

7 21

4 10

4 10

1

JAN

FEB

MAR
1967

APR

19 29 IS 27

MAY

LATEST DATA PLOTTED WEEK ENDING* APRIL 22. 1987

BUSINESS LOANS u

( COMMERCIAL AND INDUSTRIAL )
WEEKLY REPORT ING LARGE COMMERCIAL BANKS 2/
dfcASUIMALLY ADJUSTtO

BILLIONS OF DOLLARS
290 --------- 1------------,-----

BILLIONS OF DOLLARS

BOUNDED ANNUAL RATES
.CHANGE. AVERAGE OF
:EKS ENDING*
—
-

FEB.
JAN.
DEC.
NOV.
OCT.
JUL.
APR.

18,
M,
17,
12,

—

-13.5

16,
16,

MILLIONS

279,205
277,769
5 19

2 16 90 14 20 11 29

MAY

JUN

9 29

0 20

9 17

AUG

SEP

1

19 29 12 26 10 24

7 21

1-J 1 1 I I I I I 1 I I 1 I
4 10

4 10

FEB

MAR

1

19 29 19 27

LATEST DATA PLOTTED WEEK ENDING* APRIL 15, 1987
1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMCRCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 01.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BAM( OF ST. LOUIS

11

285