Full text of U.S. Financial Data : August 16, 1990

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

RESEARCH LIBRARY
Federal Reserve Bank
TO5

financial Data
August 16, 1990

THE WEEK'S HIGHLIGHTS:
s

Interest rates generally have declined since late April. The 6-month
T-bill rate has declined 60 basis points since the week ending April
27, while the 3-month T-bill and federal funds rates have declined
by 35 and 11 basis points.

ts

The consumer price index (CPI) increased at a 4.7 percent annual
rate in July. This brings the rate of increase to 5.8 percent for the
year, compared with 4.6 percent during 1989. Comparable figures
for the CPI less the volatile food and energy components are 5.9
percent and 4.4 percent, respectively.

is

The producer price index for finished goods declined at an annual
rate of 1 percent in July. This brings its rate of increase for the year
to 3 percent, down from the 5 percent rate for all of 1989.

^

Retail sales increased at a 1.1 percent annual rate in July. July's
sales were up 2.8 percent from a year earlier.

THE
FEDERAL
A RESERVE
Juk BANK of
nr ST.UMTS

Digitized views
for FRASER
expressed do not necessarily reflect official
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

positions of the Federal Reserve system.

2

ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

1990
MAY
JUN.
JUL.
AUG.

30
13
27
II
25
8

LLIONS OF DOLLARS
316

BILLIONS
304.9
306.9
309.0
307.7
310.8
309.8

296

14 28 12 26

JUN

B 23

JUL

6 20

4

SEP
1989

OCT

18

1

15 28 13 27

10 24

7 21

FEB

4 18

MAR

2

16 30 13 27

APR

JUN

II

25

8 22

JUL

1990

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING: AUGUST 8, 1990
THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL
RESERVE BANKS, CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF ALL
THE MAJOR
DEPOSITORY INSTITUTIONS) AND AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO CHANGES.
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:
8/9/89

11/1/89

1/10/90

2/7/90

8.5
7.2
7.7
8. 1
6.8
7.3
7.4

7.9
8.6
9.0
6.8
7.5
7.6

6.4
7.7
5.5
6.5
6.8

3/7/90

4/4/90

5/2/90

6/13/90

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING:
1/10/90
2/ 7/90
3/ 7/90
4/ 4/90
5/ 2/90
6/13/90
7/11/90
8/ 8/80

5.9
6.9
6.4
6.8
7.2
6.3
6.7
6.9


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

10.1
6.2
7.3
7.5

4.7
6.5
6.9

5.0
6.0

9.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
825

=

AU G.

817. 7
810. 3
807. 7
807. 6
809. 2
813. 0

,1

\

IN I I I

J \j

A

JU

[IIIIIM I l l l l l l l l l

V

i i i i i m i III

\

lllllllll

815

aiu

2
9
16
23
30
6

-L U I.I1 L U -

-JUL.
_

111111111

—

m
=
199Q

BILLIONS OF DOLLARS
825

M

IIIIIIIIK

r

775

ILLL

"A

A

111

111

Al?
1111
3 17 31

JUL

14 28

AUG

11

1111
25

SEP
1989

INI -LLIj III

8 23

8 20

4 18

1

OCT

15 29 12 26 12

JAN

LATEST DATA PLOTTED WEEK ENDING: AUGUST 6,

FEB

1 1 11

-LLL

28 9 23 7 21

MAR

APR
MAY
1990

1II
4

18

JUN

Mil
2

18 30 13 27

JUL

AUG

1990

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,
8/7/89

11/6/89

5.2
4. 1
5.3
5.0
4.7
4.0
4.4
3.8

3.4
5.7
5.2
4.7
3.7
4.3
3.5

1/8/90

AVERAGE OF FOUR WEEKS ENDING:

2/5/90

3/5/90

7.7
6.0
3.9
4.8
3.6

2.9
1.2
2.9
1.9

4/9/90

5/7/90

6/4/90

3.0
1.2

2.9

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/
2/
3/
4/
5/
6/
7/
8/

8/90
5/90
5/90
9/90
7/90
4/90
9/90
6/90


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

5.5
4.7
4. 1
2.8
3.7
2.8

-0.2
2.8
1.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

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

RATIO
3.0 ---------- 1------------- 1---------- 1---------1990
MAY
JUN.
JU L.
AU G.

RATIO
3.0

RATIO

28
11
25
9
23
6

2.642
2.632
2.BIB
2.64
2.59
2.61

2.6
Ml Ml LTIPLI LR

'in

III!

-LI .1. XLL

12 26 10 24

JUN

JUL

11.11

1 1 1

1

2 16 50 IS 27 11

AUG

SEP
1989

OCT

NOV

1111
25

6 22

DEC

JAN

LATEST DATA PLOTTED TWO WEEKS ENDING: AUGUST 6,

111

■

11

5 10

S 10

FEB

MAR

1111

111

1111 XLL

111

2 16 50 14 20 II 25

APR
MAY
1990

JUN

0 25

JUL

6 20

AUG

1990

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
242

- COMPOUNDED ANNUAL RATES
-__ OF CHANGE. AVERAGE OF
___THE FOUR WEEKS ENDING
AUGUST 6, 1990 FROM
” THE FOUR WEEKS ENDING:
4,
_

APR

7,
9,
5,
5,
6,

1990
1990
1990
1990
1990
1989

10.9
9.9
9.6
9.8
9.9
9.8

CURRENCY

lSifi

BiLLl.QNS.
234.6
234.0

234.9
6

236.5

min ill
5

10

5 17 51

14 28 II

AUG

25

0 25

6 20

4 18

1

IS 20 12 26 12 26

0 25

7 21

4 18

1111111

2 16 50 15 27

SEP
1989

LATEST DATA PLOTTED WEEK ENDING-. AUGUST 6,

1990

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
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS

of

dollars

575.4
565.0

564. 1

564.6
568.7

5

19

3

17 31 AUG
14 28 SEP
11 25

9 23

6 20
NOV

4 18
DEC

1

15 29 FEB
12 28 MAR
12 28

1989

9 23

7 21

4

18

2

18 30 13 27

1990

LATEST DATA PLOTTED WEEK ENDING: AUGUST 6. 1990
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
8/7/89

11/6/89

5.3
3. 1
4.5
4.0
3.6
2.6
3.0
2. 1

0.9
4.0
3.3
2.7
1.5
2. 1

1/8/90

2/5/90

AVERAGE OF FOUR WEEKS ENDING:
3/5/90

4/9/90

5/7/90

6/4/90

0.3
-1.8
0.4
-1.2

-3.5
0.1
-1.8

0.4
-2.2

-0.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/
2/
3/
4/
5/
6/
7/
8/

6/90
5/90
5/90
9/90
7/90
4/90
9/90
6/90


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

1.0

2.4
1.8
1.3
-0.2
1.0
-0.2

6.9
4.6
1.9
2.8
1 . 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT
—

PRIME BANK
'RATE

CORPORATE
Aaa BONDS

:RC IAL

MUNICIPAL

2 16 30 M 28 II

JUN

JUL

25

AUG

8 22

SEP
1989

6 20

3 17

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY
1990

JUN

JUL

AUG

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: AUGUST 17, 1990.

1990
JUNE

1
8
15
22
29
JULY
6
13
20
27
AUG.
3
10
17 *
24
31

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS*
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS K*

8.25
8.22
8.21
8.24
8.27
8.24
8.25
8.04
7.98
7.89
7.87
7.89

8. 18
8. 17
8. 18
8.24
8.25
8.23
8.23
8.02
7.97
7.89
7.92
7.98

8.01
7.96
7.99
8.03
8.04
7.98
7.98
7.82
7.77
7.62
7.65
7.71

9.38
9.27
9.21
9.26
9.27
9.23
9.26
9.24
9.26
9. 19
9.34
9.36

10.29
10.21
10. 19
10.24
10.25
10.20
10.23
10. 19
10. 19
10. 14
10.34
10.33

7.26
7.21
7.20
7.28
7.27
7.24
7.21
7. 17
7. 15
7.08
7.22
N. A.

NOTE.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.J5 RELEASE.
* AVERAGES OF RATES AVAILABLE
** 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

12.0

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES

PERCENT

PERCENT
—i 11.0

11.0 i—

5-YEAR
TREASURY SECURITIES
FU

TREASUf

DISCOUNT RATE

I I I I
2 IS SO 14 28 II

JUN

JUL

AUG

23

8 22

SEP
I 989

8 20

3 17

I

OCT

NOV

DEC

15 20 12 28

JAN

0 23

FEB

0 23

MAR

6 20

APR

4

18

MAY
1 990

1

15 20 13 27

JUN

JUL

10 24

AUG

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: AUGUST 17, 1990.

1990
JUNE

1

8
15
22
29
JULY
6
13
20

27
AUG.

3
10
17 *
24
31

FEDERAL
FUNDS *X

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL *6I6K

l-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECUR1T1ES

8. 19
8.26
8.30
8.28
8.28
8.33
8.28
8. 14
8.05
8.03
8.07
8. 13

7.74
7.70
7.70
7.74
7.77
7.71
7.73
7.57
7.53
7.43
7.37
7.43

7.74
7.62
7.64
7.64
7.67
7.60
7.75
7.52
7.40
7.37
7. 19
7.31

7.61
7.51
7.50
7.57
7.57
7.49
7.53
7.34
7.33
7.16
7. 18
7. 17

8.52
8.41
8.39
8.47
8.45
8.36
8.43
8.31
8.30
8. 12
8.36
8.34

8.71
8.58
8.55
8.63
8.63
8.58
8.67
8.64
8.65
8.52
8.91

8.88

fcarrarawatw..
***^auct7onyaverage^?D^SCOLWT^) Ef*>"“ ™° DAYS EAnuER THAN DATE


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

8

MONEY STOCK ( M2 )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
3300

BILLIONS
3285.4
3283.0
3282.8
3278.0
3278.1
3289.2

— AUG

3275

3225

3200

3150

3150

3125

3125

I I I I

I I I I
3 IB

3

17 31

14 28 11

AUG

23

SEP

0 23

8 20

4

NOV

DEC

18

LATEST DATA PLOTTED WEEK ENDING: AUGUST 8,

I

15 29 12 26 12 26

FEB

0 23

7 21

4 18

2

16 30

13 27

MAR

1990

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.8 RELEASE
M2 IS THE SUM OF Ml, OVERNIGHT RPS ISSUED BY ALL COfciCRCIAL BANKS, OVERNIGHT EURODOLLARS ISSUED
TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS. MONEY MARKET DEPOSIT ACCOUNTS, SAVINGS AND
SMALL TIME DEPOSITS, AND GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS.
FOR MORE
DETAIL, SEE THE H.6 RELEASE.

MONEY STOCK (M2 )
COMPOUNDED ANNUAL RATES OF CHANGE,
8/7/89

11/8/89

7. 1
6.6
7.0
6.6
6.0
5.3
5.2
4.8

6.2
6.8
6.3
5.4
4.5
4.5
4.0

1/8/90

AVERAGE OF FOUR WEEKS ENDING;

2/5/90

3/5/90

6.4
4.6
3.3
3.5
3.0

2.7
1 .6
2.3
1 .9

4/9/90

5/7/90

6/4/90

1.8
1.3

2.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/
2/
3/
4/
5/
6/
7/
8/

8/90
5/90
5/90
9/90
7/90
4/90
9/90
6/90


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

6.5
5.6
4.5
3.4
3.5
3. 1

-0.0
1.5
1.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ALL DEPOSITORY INSTITUTIONS
TOTAL TIME DEPOSITS^
LARGE TIME DEPOSITS*/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

2200

BILLIONS OF DOLLARS

2200

I—1---------1---------1--------1--------- COMPOUNDED ANNUAL RATES

—

- OF CHANGE. AVERAGE OF
---- THE FOUR WEEKS ENDING
-----AUGUST 6. 1990 FROM
_ TH E FOUR WEEKS ENDING:
4,
7,
9,

1990
1990
1990

0.1
-0.4
-0.7

5,
6,
7,

1990
1989
1989

-1

2170

:

.
-0.'
-0.'

1111

TOTAL TIME )EPOS TS

1 1

----- 1-----

—

billioi

1

1990

'T

JUL

-

2

2091.(
2098.

“

23
30

2094.9
2092.8
2094.4

_

9

6
_
1111 -LLL -LLL jiii .LLL ILL -LLLL .11 1 1 11 1 1 1 1 1 1 1 1 1 l‘
AUG.

!^il
11 ii -LLL 111

LATEST DATA PLOTTED WEEK ENDING* AUGUST 6,

1990

BILLIONS OF DOLLARS
590

BILLIONS OF DOLLARS
590

---------- 1------------- 1--------—

n

1mi.
.
LARGE TIME DEPOS TS

m ilu n i

AUC .

9
16
23
30
6

BILLIONS
2 527.3
532.1
532.4
530.2
527.3
527.5

580

m il m il
m il

rm T

/-x
A

-------- r~r

A

xuJ
1111

111

ini

111

111

111

0 20

4 10 I

NOV

DEC

JAN

LATEST DATA PLOTTED WEEK ENDING: AUGUST 6,

1990

14 28 II

JUN

“
—
~

E

“

'in

M il

!

“ JU N.
~ MA Y
“ AP R.
- MA
- FE B.
- NO V.
- AU G.

JUL

AUG

SEP
1989

25

9 23

OCT

INI -LLL _LLL
13

29 12 26 12 20

FEB

MAR

l L11

in

9 23 T-*!

APR

MAY
1990

111

Mil

4 18

2 10 30 13 27

JUN

JUL

AUG

1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.
2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 9100,000 OR MORE


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

530

520

10

BORROWINGS FROM FEDERAL RESERVE BANKS
OF

billions

AVERAGES OF DAILY FIGURES

dollars

1SSS2.

BILLIONS OF DOLLARS

MILLIONS.

Z— JUL

Z

TOTAL BORROWINGS

AUG,

LATEST DATA PLOTTED WEEK

,*UST 8,

1990

BILLIONS OF DOLLARS
2.5 ---------- -----------1---------

BILLIONS OF DOLLARS
------1---------- 1------------- 2.5
1990

MILLIONS

ADJUSTMENT + SEASONAL
BORROWINGS

7 21

5 10

JUN

JUL

2

10 50 19 27

SEP
1989

11

25

8 22

0 20

LATEST DATA PLOTTED WEEK ENDINGt AUGUST 8,


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

5 17 91

OCT

14 28 14 28

FEB

MAR

11

APR

25

0 25

0 20

4

JUN

JUL

18

I

15 29

1990

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

ILL IONS OF DOLLARS

MILLIONS
JUL.

4
144,956
147,080

7 21

5 19

JUN

JUL

2 IS 90 13 27 II

AUG

SEP
1989

OCT

2S

8 22

NOV

8 20

DEC

3 17 31

JAN

14 28 14 28 II

FEB

MAR

25

APR

9 23

MAY
1990

8 20

4 18

JUN

JUL

1

15 29

AUG

LATEST DATA PLOTTED WEEK ENDING*. AUGUST 8, 1990

BUSINESS LOANS u

( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL

BANKS 2/

SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
336 ---------- 1---------- 1------------- 1----------

BILLIONS OF DOLLARS
336

- COMPOUNDED ANNUAL RA TES
_ OF CHANGE, AVERAGE 0 F
THE FOUR WEEKS END ING
- AUGUST 1, 1990 FROM
_ THE FOUR WEEKS END ING:
- MAY
MAY
“APR.
1— FEB.
JAN.

30, 1990
2, 1990
4, 1990
28, 1990
31, 1990

_ AUG !

2!

1989

-

2.9
-0.1
2.0
3.3
2.3

-

0.2
tL

\P V
r V\

1 LX

LA

l 11

V“N

A

1
sl 11

.LI U_ 111

111

1111

111

OCT

NOV

DEC

bj

-LLLL -LLL
17 31

JUN

JUL

AUG

SEP
1989

-

A

LATEST DATA PLOTTED WEEK ENDING: AUGUST 1,

JAN

7

M XA
111
MAR

m
APR

_

-

MiLLiJ!M5

~

JUN. 27

320,3 05

-

11
18
25
AUG.
1

323,515
324,395
322,858
322,888

“
_

199(

-u i-i ........................................

14 28 14 28 II 25

FEB

r

9 23

MAY
1990

8 20

1

JUN

AUG

IS 29

1990

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 81.4 BILLION


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

1

INDEX

DOLLAR'S TRADE-WEIGHTED EXCHANGE
AVERAGES OF DAILY FIGURES

1973-100
106

JUL.

II

90.3

88.2

7 21

5 IS

JUN

JUL

2 10 30 13 27 II 25

SEP

0 22

0 20

3 17 31

OCT

14 28 14 28 II

FEB

MAR

25

APR

0 23

0 20

4 18

JUN

JUL

1

15 20

LATEST DATA PLOTTED WEEK ENDING: AUGUST 15, 1990
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

-<