Full text of U.S. Financial Data : August 10, 1989

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Fedid. .J rtsaerva Sank
i&#-8tu Louis

ncial Data
AUG 1 e 1989

August 10, 1989

THE WEEK'S HIGHLIGHTS:
*•"

Payroll employment rose 169,000 in July, a 1.9 percent annual rate
of increase. Since January, payroll employment has increased at a
2.4 percent rate, down from a 3.3 percent increase in the previous
year.

^

Total civilian employment fell 82,000 in July, a 0.8 percent rate.
Total employment has risen at a 1.3 percent rate since January, down
from 2.3 percent growth in the previous year.

^

The nation's civilian unemployment rate fell 0.1 percentage point
in July to 5.2 percent, reflecting a decline in the labor force greater
than the fall in employment. The unemployment rate was 5.4 percent
last January and 5.8 percent in January 1988.

^

Consumer credit rose $2.99 billion in June, or at a 5.3 percent rate.
Consumer credit increased at a 13 percent rate in the first six months
of this year and 8.5 percent in 1988.

THK
FEDERAL
A RESERVE
HANK of

iBr

ST.UHXS

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

BILLIONS OF DOLLARS

----- ---------- ------------

296 ------------,--------- r—

13Sa
MAY
JUN.
JUL.
AUG.

1

31
14
28
12
26
9

BILLIONS
289.2
--------289.4
289.6
289.5

15 29 13 27 10 24

7 21
SEP

5 19
OCT

2 16 30 14 28 11 25 8 22
DEC
JAN
FEB

8 22

5 19

3 17 91

14 28 12 26

JUN

8 23

JUL

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING: AUGUST 9, 1989
THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTI TUT IONS AT FEDERAL
RESERVE BANKS CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND N THE VAULTS OF ALL
DEPOSIT ORYIN&TI TUT IONS ) AND AN ADJUSTMENT FOR RESERVEREQUIREMENTRATCHANGES
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:
8/10/88

11/2/88

1/11/89

6.4
3.4
3.9
3.5
3.0
2.7
3.0

1.6
3. 1
2.7
2.2
1 .8
2.4

2/8/89

3/8/89

4/5/89

5/3/89

6/14/89

3.9
2.6
1 .9
2.6

1.3
0.8
1 .9

0.4
1.9

2.7

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDINGt
1/11/89
2/ 8/89
3/ 8/89
4/ 5/89
5/ 3/89
6/14/89
7/12/89
8/ 9/89

5. 1
5.9
4.2
4.4
4. 1
3.7
3.3
3.5


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

-0.4
0.3
0.5
0.3
1.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

296

MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

800

BILLIONS.
JUN.

26

6 20

4

JUN

IS

769.1
777.0
778.8
777.2
775.9
776.0

JUL

I

15 28 12 20 10 24

7 21

3 19

NOV

DEC

LATEST DATA PLOTTED WEEK ENDING; JULY 31,

2 10 30 13 27

FEB

13 27

MAR

10 24

8 22

5 10

3 17 31

14 28

APR

1989

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
Ml IS THE SUM OF CURRENCY HELD BY THE NONBANK PUBLIC, DEMAND DEPOSITS, OTHER CHECKABLE
DEPOSITS AND TRAVELERS CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING*.
8/1/88

10/31/88

1/2/89

1/30/89

3/6/89

4/3/89

5/1/89

-1.3
-2.7
-2.7
-5.3
-4.8
-2.9

-0.9
-1.5
-5.0
-4.5
-2.3

-4.3
-8.2
-6.6
-3.5

-9.5
-6.9
-3.0

-8.7
-3.0

5/29/89

TO THE AVERAGE
OF FOUR WEEKS
END 1NG*.
1/ 2/89
1/30/89
3/ 6/89
4/ 3/89
5/ 1/89
5/29/89
7/ 3/89
7/31/89

2. 1
0.7
1. 1
0.3
-0.0
-1.6
-1.7
-0.8


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

0.2
1.0
-0.2
-0.7
-2.8
-2.8
-1.5

3. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

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

RATIO
3.0 ------- 1--------1---------- 1-------1989
MAY
JUN.

JUL.

RATIO
3.0

RATIO

15
29
12
26
10
24

2.670
2.672
2.664
2.651
2.68
2.65
Ml Ml LTIPLI JR

V
5m

1 1 1

1 1 1

13 27 It 25

JUN

JUL

8 22

AUG

1 1 1 1

8 19

3 17 31 14 28 12 26

SEP
1988

OCT

1 1 1
NOV

1 1 1
DEC

1 1 1 1
9 23

JAN

/\

1 1 1

•

20

FEB

1 1 1

1 1 1 1

8 20

3 17

I

MAR

1 1 1

APR

-LLL ..LLLL -LLL

19 29 12

MAY
1989

10 24

JUN

JUL

LATEST DATA PLOTTED TWO WEEKS ENDING: JULY 24. 1989
BILLIONS OF DOLLARS
222 --------- 1--------- 1------------1---------

BILLIONS OF DOLLARS
222

COMPOUNDED ANNUAL R/ITES
OF CHANGE, AVERAGE )F
THE FOUR ifcEEKS END II«
“ JULY 31. 1989 FROM
__ THE FOUft WEEKS END IIOR,

-

~
_

MAY
29, 1989
MAY
1, 1989
APR. 3, 1989
MAR. 6, 1989
JAN. 30, 1989

4.J
3.1
3.;
4.2
4.!

_

Al g!

-

5!

i

|

1988

CURRE NCY

“

210
i989

__

Jlu_

.

J_LL -LLLL .LLL -LLLL .LLL -LLL 1111

6 20

4 18

JUN

JUL

13 29

AUG

10 24

SEP
1988

7 21

5 19

OCT

NOV

DEC

■ 11

111

2 16 SO 13 27 13

JAN

FEB

MAR

111

10
17
24
31
i i n 1 i i i 1

10 24

APR

billioias

26

217.4
217.9
“
218.4
_
218.5
i i i i 1 i i ia
3 17 31

MAY

~

218.4

JUL

14 2

AUG

LATEST DATA PLOTTED WEEK ENDING: JULY 31, 1989
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 BAN< OF ST. LOUIS

TOTAL CHECKABLE DEPOSITS
AVERAGES OF DAILY FIGURES
5tA50NALLY ADJUSTED

BILLIONS OF DOLLARS
585 --------- 1--------- 1-------IMS
JUN.
JUL.

IONS OF DOLLARS
-------------------- 585

BILLIONS

26
-

552.5
552.1
550.3
550.3

6 20

4 18

JUN

JUL

I

15 20 12 20 10 24

OCT

7 21

5 10

NOV

DEC

2 16 90 19 27 15 27 10 24

JAN

FEB

MAR

8 22

5 10

5 17 91

14 28

APR

1988
LATEST DATA PLOTTED WEEK ENDING, JULY 31, 1989
DEPOTITORYKff«?ITUT?ONSS 1S ThE SUM 0(1 DEMAW) DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE
8/1/88

10/31/88

1/2/89

1/30/89

AVERAGE OF FOUR WEEKS ENDING.
3/6/89

4/3/89

5/1/89

5/29/89

TO THE AVERAGE
OF FOUR WEEKS
ENDING;
1/ 2/89
1/30/89
3/ 6/89
4/ 3/89
5/ 1/89
5/29/89
7/ 3/89
7/31/89

0.5
-1.5
-0.9
-2.0
-2.3
-4.2
-4.4
-3. 1


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

-2.4
-1.0
-2.8
-3.0
-5.7
-5.8
-3.9

-4.2
-6. 1
-5.7
-8.9
-8.4
-5.6

-3.3
-3.7
-8.2
-7.7
-4.6

-7.4
- 12.4
- 10.6
-6.3

-13.4
-10.7
-5.3

-13.2
-5.5

2.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

PERCENT
—i 12.0

12.0 r—

CORPORATE
AAA BONDS

17

1

15 20 12 26

9 23

7 21

4

OCT

NOV

18

2 16 SO IS 27 10 24 10 24

JAN

7 21

5 10

APR

FEB

MAY

2 16 SO 14 26 II

JUL

25

AUG

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt AUGUST 11, 1989.

90 DAY
CD'S

1989
JUNE

2

16
23
30
JULY 7
M
21
28
AUG.
A
11 X
18
25

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
AM BONDS

CORPORATE
BM BONDS

MUNICIPAL
BONDS **

9.39
9. 15
9. 13
9.29
9. 16
9.00
8.71
8.75
8.69
8.35
8.56

9.51
9.32
9.28
9.35
9.35
9. 19
8.9!
8.93
8.86
8.57
8.76

9. 16
8.88
8.95
9.05
8.94
8.74
8.52
8.55
8.46
8. 15
8.36

9.37
9. 16
9.02
9.09
9.02
8.97
8.94
8.93
8.91
8.81
8.90

10.27
10.06
9.98
10.05
9.97
9.91
9.85
9.91
9.86
9.77
9.82

7.15
6.95
6.88
7.08
7.02
7.00
6.92
6.95
6.95
6.86
N. A.

NOTEt CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.I5 RELEASE.
WatBOND**BUYER'S*AVERAGE'V NDEX 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

PERCENT

PERCENT

11.0 I—

—1 11.0

5-YEAR
TREASURY SECURITIES

TREAsI

DISCOUNT RATE

3 17

JUN

1

15 29 12 26

JUL

AUG

9 23

SEP
1988

7 21

4 19

OCT

NOV

2 16 30 13 27 10 24 10 24

DEC

JAN

FEB

MAR

7 21

5 19

APR
MAY
1989

2 10 30

JUN

14 28 II

JUL

25

AUG

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt AUGUST 11, 1989.

1989
JUNE

2
9
16
23
30
JULY 7
14
21
28
AUG.
4
1 1 *
18
25

FEDERAL
FUNDS XX

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL mw

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

9.84
9.68
9.35
9.48
9.58
9.58
9.31
9.24
9. 14
8.95
8.98

8.54
8.18
8. 14
8. 13
8.03
7.8!
7.77
7.97
7.98
7.71
7.93

8.36
7.99
7.79
8.08
7.78
7.63
7.50
7.67
7.73
7.35
7.70

8. 16
7.79
7.84
7.92
7.71
7.42
7.32
7.43
7.35
7.20
7.55

8.60
8.28
8.30
8.37
8. 13
7.93
7.81
7.88
7.75
7.64
7.96

8.68
8.42
8.34
8.42
8.23
8.20
8. 15
8.23
8. 15
7.97
8. 17

N0TEl
SySEIKI DATA APPEAR IN THE BOARD OF GOVERNORS’ H.15 RELEASE EXCLUDING LONG-TERM TREASURY
* AVERAGES^OF^RATES^AVAILABLE°**PUT^° BY THIS BANK'
TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS.

S*S*UCT,ONT*VER*GeEfDISCOUNT,S


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

™ D*YS tM-la THAN MTE **"

PREPARED BY FEDERAL RESERVE BAM< OF ST. LOUIS

7

8

MONEY STOCK ( M2 )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
3150 --------- 1--------- 1------

BILLIONS OF DOLLARS
—---------------------- 3150

3090.9
3098.2
3115.5
3120.0
3118.7
3129.9

3125

3100

3075

3075

3050

3050

6 20

JUN

4 16
JUL

I

15 20 12 26 10 24

7 21

5 10

NOV

DEC

LATEST DATA PLOTTED WEEK ENDINGt JULY 31,

2 16 50 15 27 15 27 10 24

FEB

MAR

8 22

5 10

5 17 51 14 28

APR

1989

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1 H.6 RELEASE
to

ufs.Residents b* OVERNIGHT RPS ISSUED uBY . ALL COMMERCIAL market deposit accounts, .
foreign branches of
.s banks, money BANKS, OVERNIGHT EURODOLLARS ISSUED

------------- -----------------— .. -

-----------

-------- - --------- "----------- -- •—SAVINGS AND

SMALL TIME DEPOSITS, AND GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUN6s
DETAIL, SEE THE H.6 RELEASE

MONEY STOCK CM2)
COMPOUNDED ANNUAL RATES OF CHANGE
8/1/88

10/31/88

1/2/89

1/30/89

0.9
1.4
1.2
0.3
1.5
3.0

2.6
1.9
0.6
1 .9
3.7

AVERAGE OF FOUR WEEKS END 1NG:
3/6/89

4/3/89

5/1/89

5/29/89

2.0
5.4

9.7

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/ 2/89
1/30/89
3/ 6/89
4/ 3/89
5/ 1/89
5/29/89
7/ 3/89
7/31/89

3.4
2.7
2.7
2.7
2.4
1.9
2.4
3.2


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

3. 1
2.9
2.9
2.5
1.7
2.4
3.5

i
1.5
-0.2
1 .8
3.9

-1.6
1.5
4.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ALL DEPOSITORY INSTI TUT IONS
TOTAL TIME DEPOSITS 1/
LARGE TIME DEPOS I TS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

MILLIONS OF DOLLARS
2140

BILLIONS OF DOLLARS
2140

2110

2050

- MAY 29,
=
MAY
1
- APR. 3,
- MAR. 6,
- JAN. 30,
- OCT. 31,
- AUG.
1,

1989
1989
1989
1989
1989
1988
1988

m i

2020

- COMPOUNDED ANNUAL R KTES
=_ OF CHANGE. AVERAGE OF
- THE FOUR WEEKS END 1 SIG
- JULY 31. 1989 FROM
- THE FOUR WEEKS END 1 MG;
5.
7.1
9.
9.
9.<
9.<
9.

2110

z

TTTT

2080

1111

=—1---------1------------ 1---------

TOTAL TIME DEPOS1 TS

2080

2050

=
2020

E

1990

1990

=

1930

_

1960

jTTTT

I960

billioiUS.

i989

i

jut

.

E
1900

irm
.in

1111

111

11.11

LATEST DATA PLOTTED WEEK ENDING;

111

111

iiii

JULY 31,

111 jj.i

111

2100.5

1989

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
—|------------- ---------i 590

590 r-------- 1---------- 1------

iasa

3 2092.8

BILLIONS
572.3
570.

3

LARGE TIME DEPOSITS

6 20

4 18

JUN

I

1930

d
2106.1
24
2105.9 ---- 1900
31
2103.5
Z
11111 ii i 1 i i i i l i i i*
10
17

JUL

15 20 12 28 10 24

7 21
NOV

5 10
DEC

LATEST DATA PLOTTED WEEK ENDING; JULY 31,

2 18 90 IS 27 15 27 10 24
FEB

MAR

8 22

5 10

5 17 31 14 28

APR

1989

1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.
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

9

10

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
5.5 r:---------- 1---------- 1------

5

IONS OF DOLLARS
------------------- I5.5

773

TOTAL BORROWINGS

I I I I
LATEST DATA PLOTTED WEEK ENDINGt AUGUST 0, 1089
BILLIONS OF DOLLARS
------1---------- 1------------- 2.5

BILLIONS OF DOLLARS
2.5 ------------- -----------------

ADJUSTMENT + SEASONAL
BORROWINGS

1JUN 20 JUL 27 AUG
15
13
10 24

7 21
SEP
1988

5 IS
OCT

2NOV 30 DEC 20 JAN 25 FEB 22 MAR
16
H
II
0
0 22

5 IB 3 17 31 JUN 2S JUL 20 AUG23
14
12
S
APR
MAY
1989

LATEST DATA PLOTTED WEEK ENDINGt AUGUST 9, 1989


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
BILLIONS OF DOLLARS
135 ------------- ,---------- ,------

NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
----------------------------zq 135

MILLIONS
JUN. 28

JUL.

5

AUG.

126,325
125,614

2

126,857
125,555

124,466

1

15 29 15 27 10 24

7 21
SEP
1988

5 19
OCT

2 16 30 !4 28 11 25
DEC

JAN

8 22

8 22

19

3 17 31

14

12 26

9 23

FEB
1989

LATEST DATA PLOTTED WEEK ENDING*. AUGUST 2, 1989
* DASHED LINE REPRESENTS DATA USING AN OLD REPORTING PANEL AND IS NOT COMPARABLE TO CURRENT DATA.

BUSINESS LOANS u

l UUMMtKUIAL AND INDUSTRIAL )
WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED

ILL IONS OF DOLLARS

BILLIONS OF DOLLARS
------------------------------- 326

COMPOUNDED ANNUAL RATES
- OF CHANGE. AVERAGE OF
_ THE FOUR WEEKS ENDING
JULY 26, 1989 FROM
cxjd
iocs ENDING,
“ THE i FOUR WEEKSrm/M
_ MAY 24,
APR. 26,
_ JAN. 25,
OCT. 26,
27,
~ JUL. ^7
1111

JUN. 21
312,844
JUL.

5

317,211
323,034
1

15 29 13 27 10 24

7 21
SEP
1988

5 19
OCT

2 16 30 14 28 II 25 8 22
DEC
JAN
FEB

8 22

5 19

-LLL l 1 1 I I I I 1 I I I
3 17 31 14 28 12 26
JUN
JUL

9 23

1939

LATEST DATA PLOTTED WEEK ENDINGt JULY 26, 1989
1/ BUSINESS LOANS INCLUDE BANKERS* ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN #1.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

DOLLAR'S TRADE-WEIGHTED EXCHANGE INDEX
AVERAGES OF DAILY FIGURES

1973- 100

1973-100

118

101.1

114

97.7

1 10

106

102
98

94

90
Mil
I

IS 20 13 27 10 24

7 21

5 10

SEP

OCT

2 16 SO 14

DEC

11 29

JAN

6 22

B 22

9 10

FEB

3 17 91

14 28 12 20

JUN

0 23

JUL

LATEST DATA PLOTTED WEEK ENDING: AUGUST 9, 1989
NOTE:

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.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0