Full text of U.S. Financial Data : August 2, 1990
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•y FederaWesenJeBank of St. Louts AUGO ?U»S. F tnancial Data August 2, 1990 THE WEEK'S HIGHLIGHTS: v* Real GNP grew at a 1.2 percent annual rate in the second quarter, while its first-quarter rate of increase was revised downward from 1.9 percent to 1.7 percent. Reflecting the July revisions, output has grown at a 1.2 percent rate during the past year. ^ The composite index of leading economic indicators was unchanged in June, after decreasing at a revised 0.2 percent in April and increasing at a revised 0.7 percent in May. is Construction spending was virtually unchanged in June, following a revised 0.3 percent decline in May. June's level of spending was 3.7 percent above that of a year earlier. ^ Most interest rates have declined recently, after rising earlier in the year. For example, the weekly rate on five-year Treasury securities is about 90 basis points below its April peak, while the rate on threemonth Treasury bills is 49 basis points below its March peak. FEDERAI RESERVE HANK of ST 11)1 IS 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 316 BILLIONS MAY 16 — JUN, 306.0 305.0 306.9 312 309.1 307.7 310.8 308 304 300 292 14 28 12 26 JUN 9 23 6 20 4 SEP JUL OCT 18 I IS 28 13 27 10 24 7 21 7 21 4 18 FEB MAR APR LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING: JULY 25. 2 18 30 13 27 JUN 11 25 8 22 JUL 1990 THE ADJUSTED MOtETARY 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 DEPOSITORY INSTITUTIONS) AND 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 AVAILABLE FROM THIS BANK. RECENT DATA ARE PRELIMINARY. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF TWO MAINTENANCE PER 1ODS ENDING: 7/26/89 10/18/89 2/27/89 1/24/90 2/21/90 3/21/90 4/18/90 5/30/90 9.0 8.2 7.7 7. 1 6.8 7.3 7.1 8.9 10.8 8.9 8.0 8.5 8. 1 5.5 4.8 5. 1 6.2 6. 1 9.0 7.5 8.3 7.8 4.7 6.5 6.3 7.8 7.2 8.4 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDING: 12/27/89 1/24/90 2/21/90 3/21/90 4/16/90 5/30/90 6/27/90 7/25/90 4.2 8.3 5.4 6.5 6.2 6. 1 6.5 6.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 809.4 817.9 810.6 807.9 808.0 5 19 9 17 91 14 2® II AUG 25 SEP 1989 9 29 0 4 19 NOV DEC I 19 29 12 29 12 26 FEB 9 29 7 21 4 19 2 16 90 19 27 MAR 1990 LATEST DATA PLOTTED WEEK ENDINGt JULY 23. 1990 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.B 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, 7/24/89 10/23/89 12/25/89 AVERAGE OF FOUR WEEKS END 1NG; 1/22/90 2/26/90 3/26/90 4/23/90 5/21/90 5.9 5.8 3.5 3.5 3.7 5.7 2.5 2.8 3.2 0.9 1.9 2.6 0.2 1.6 4.1 TO THE AVERAGE OF FOUR WEEKS ENDINGt 12/25/89 1/22/90 2/26/90 3/26/90 4/23/90 5/21/90 6/25/90 7/23/90 4.4 4.6 4.8 4.9 5.0 4.2 4. 1 4.1 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4.4 4.8 5.0 5.1 3.9 3.8 3.9 5.9 5.9 5.8 3.9 3.8 4.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY MULTIPLIERi/ CURRENCY COMPONENT OF MONEY STOCK v RATIO 3.0 AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 3.0 ------- 1----------1--------1-------1990 14 28 11 25 9 23 MAY JUN. JUL. RATIO 2.630 2.642 2.633 2.61 2.64 2.601 Ml ML LTIPLI ;r 2.7 "V 2.6 ’m JUN Mil 111 111 mi JUl AUG SEP OCT 111 ■ 11 NOV DEC 16 SO IS 27 It 25 1111 -LI 1 6 22 5 10 JAN FEB III -U.U- 1 1 1 1 1 1 5 10 2 16 SO 14 26 II MAR APR MAY 1990 25 JUN 1 1 1 1 0 23 JUL 6 20 AUG LATEST DATA PLOTTED TWO WEEKS ENDINGt JULY 23, 1990 BILLIONS OF DOLLARS BILLIONS OF DOLLARS 238 _ COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF ~ THE FOUR *EEKS ENDING — JULY 23, 1990 FROM . _ THE FOUR WEEKS ENDING: -MAY _ APR. MAR. — FEB. — JAN. _ OCT. JUL. 21, 23, 26, 26, 22, 23, 24, 990 990 990 990 990 989 989 234 9.6 9.0 9.1 9.3 10.1 9.2 7.9 230 CURRENCY 222 1M JUN. BILLIONS 18 218 5 19 S 17 31 14 26 11 AUG SEP 25 9 23 6 20 4 16 NOV DEC I IS 29 12 26 12 26 FEB 9 23 ■ill 1.1111 4 16 2 16 SO IS 27 MAR LATEST DATA PLOTTED «CEK ENDINGt JULY 23. 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 580 565.3 564.3 570 5 19 5 17 31 14 28 II 2S AUG SEP 1080 0 29 6 20 NOV 4 18 DEC I IS 29 12 28 12 28 FEB MAR 9 29 7 21 4 18 2 18 90 19 27 1090 LATEST DATA PLOTTED WEEK ENDINOt JULY 23. 1000 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, 7/24/89 10/23/89 12/25/89 1/22/90 AVERAGE OF FOUR WEEKS ENDING: 2/26/90 3/26/90 4/23/90 5/21/90 TO THE AVERAGE OF FOUR WEEKS ENDING: 12/25/80 1/22/00 2/28/00 3/28/00 4/23/00 5/21/00 8/25/00 7/23/00 4.4 4.0 3.9 4.0 4.0 2.8 2.6 2.6 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3.0 3. 1 3.3 3.4 1.8 1,7 1.8 2.8 3.3 3.5 1 . I 1 . 1 1.4 3.8 3.9 0.9 0.9 1.2 4.2 - 0, 1 0.2 0.7 -2.3 -1.1 -0.1 -3.2 -1.3 1 .8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT 12.0 PRIME BANK LOAN RATE CORPORATE Aaa BONDS 90 DAY CD'S COMMERCIAL PAPER MUNICIPAL 2 IB 30 14 26 JUN JUL 11 AUG 25 6 22 SEP 1989 fl 20 3 OCT NOV 17 I 15 20 12 26 DEC JAN 0 23 FEB 0 23 MAR 6 20 4 IB APR MAY 1990 I 15 20 JUN LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: AUGUST 3, 1990 JUNE 1 8 15 22 29 JULY 6 13 20 27 AUG. 3 * 10 17 24 31 13 27 JUL 10 24 AUG 1990. 90 DAY CD'S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS' ACCEPTANCES CORPORATE Aaa BONDS CORPORATE Baa BONDS MUNICIPAL BONDS XX 8.25 8.22 8.21 8.24 8.27 8.24 8.25 8.04 7.98 7.90 8.18 8. 17 8. 18 8.24 8.25 8.23 8.23 8.02 7.97 7.88 8.01 7.96 7.99 8.03 8.04 7.98 7.98 7.82 7.77 7.64 9.38 9.27 9.21 9.26 9.27 9.23 9.26 9.24 9.26 9.20 10.29 10.21 10. 19 10.24 10.25 10.20 10.23 10. 19 10. 19 10. 13 7.26 7.21 7.20 7.28 7.27 7.24 7.21 7. 17 7. 15 N. A. NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 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 SELECTED INTEREST RATES AVERAGES OF DAILY RATES PERCENT 1 1.0 11.0 TREASURY ITIES FUK TREAJ DISCOUNT RATE 2 16 30 14 29 II 25 8 22 6 20 3 17 OCT NOV 1 15 29 12 26 9 23 9 23 6 20 APR 1989 4 10 1 15 29 13 27 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING-. AUGUST 3, 1990 JUNE 1 8 15 22 29 JULY 6 13 20 27 AUG. 3 * 10 17 24 31 10 24 MAY 1990 1990. FEDERAL FUNDS X* 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL »8BK 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 8.19 8.26 8.30 8.28 8.28 8.33 8.28 8.14 8.05 8.03 7.74 7.70 7.70 7.74 7.77 7.71 7.73 7.57 7.53 7.47 7.74 7.62 7.64 7.64 7.67 7.60 7.75 7.52 7.40 7.37 7.61 7.51 7.50 7.57 7.57 7.49 7.53 7.34 7.33 7.18 8.52 8.41 8.39 8.47 8.45 8.36 8.43 8.31 8.30 8. 1 1 8.71 8.58 8.55 8.63 8.63 8.58 8.67 8.64 8.65 8.48 NOTE. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE EXCLUDING LONG-TERM TREASURY _ *weo»3f£U5JTi£?.rS,HJ££,.,A?£. COMPUTED BY THIS BANK. TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS. * AVERAGES OF RATES AVAILABLE ** SEVEN-DAY AVERAGES FOR WEEK END ING TWO DAYS EARLIER THAN DATE SHOWN **« AUCTI ON AVERAGE ( DISCOUNT ) http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 MONEY STOCK ( M2 ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 3300 BILLIONS OF DOLLARS 3300 BILLIONS 3275 3270.8 3272.2 3277.9 3274.8 3273.9 3268.5 _ JUN 3200 3175 3125 3100 I I II 5 19 3 17 31 14 28 II AUG 25 SEP 1989 I I I I 9 23 6 20 4 I0 NOV DEC LATEST DATA PLOTTED WEEK ENDING. JULY 23. 1 15 29 12 20 12 26 FEB MAR 9 23 7 21 MAY 1990 4 t0 2 16 30 13 27 JUN 1990 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE M2 IS THE SUM OF Ml. OVERNIGHT RPS ISSUED BY ALL COMMERCIAL 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 FUn6s. FOR MORE DETAIL, SEE THE H.6 RELEASE. MONEY STOCK (M2) COMPOUNDED ANNUAL RATES OF CHANGE, 7/24/89 10/23/89 12/25/89 AVERAGE OF FOUR WEEKS ENDING: 1/22/90 2/26/90 3/26/90 7.2 5.7 3.9 3.1 2.9 4.1 2.2 1.6 1.7 0.4 0.3 0.7 4/23/90 5/21/90 TO THE AVERAGE OF FOUR WEEKS ENDING: 12/25/89 1/22/90 2/26/90 3/26/90 4/23/90 5/21/90 8/25/90 7/23/90 7.4 6.8 7.0 6.9 6.4 5.6 5. 1 4.8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6.3 6.8 6.7 6.0 5.0 4.3 4.1 5.9 5.9 5. 1 3.8 3. 1 3.0 -0.6 0.3 1 . 1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ALL DEPOSITORY INSTI TUT IONS TOTAL TIME DEPOSITS v LARGE TIME DEPOSITS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 2200 _ 1 BILLIONS OF DOLLARS 2200 II 11 11 NTES 5F *5 #5: -1. -1. -1.* - 1990 1989 1989 oi oi -i -i JA N. 22, OC T. 23, JU L. 24, TOTAL TIME 1EP0SI TS 11 1990 1990 1990 ii “MAY 21, ” APR. 23, “ MAR. 26, 1111 - COMPOUNDED ANNUAL R - OF CHANGE, AVERAGE - THE FOUR WEEKS END 1 —JULY 23, 1990 FROM _ THE FOUR WEEKS END 1 2110 IN I 2080 1111 -LLL -LLL 1111 -LLlJllllllllll 1990 BILLIONS OF DOLLARS 590 ---------- ------------- 1— ILL IONS OF DOLLARS 590 t------------- 1---------- -L29Q JUN. BILLIONS 18 527.2 531.9 532.1 530. 1 LARGE TIME DEPOSITS 9 19 3 17 31 14 28 II AUG l" _ 1 1 1 1 1 1 1 1 III! | 111 CWf 2092.. 2092. 2091. 1 111 2092. 2089 1 C 9 18 23 1 .in i LATEST DATA PLOTTED WEEK ENDING: JULY 23, 18 25 . 111 JUh . 1 ____ 2 BILL 101 1 1 >90 SEP 25 9 23 8 20 4 18 NOV DEC LATEST DATA PLOTTED WEEK ENDING: JULY 23, 1 15 29 12 28 12 26 FEB MAR 9 7 21 4 MAY JUN 18 2 18 30 13 27 1990 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 10 BORROWINGS FROM FEDERAL RESERVE BANKS BILLIONS of AVERAGES OF DAILY FIGURES DOLLARS BILLIONS OF DOLLARS 4.5 4.0 4 25 587 TOTAL BORROWINGS I' 3.0 2.5 0.0 LATEST DATA PLOTTED WEEK ENDING: AUGUST I, 1090 BILLIONS OF DOLLARS BILLIONS OF DOLLARS ADJUSTMENT + SEASONAL BORROWINGS AUG. I I I I 1 I I I 5 19 2 IS 50 13 27 SEP 25 • 22 6 20 5 17 31 14 20 14 29 II 25 9 23 0 20 4 19 I 15 29 OCT LATEST DATA PLOTTED WEEK ENDING: AUGUST I, 1990 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS K -» COMMERCIAL PAPER OF NONFINANCIAL COMPANIES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS JUN. 20 JUL. BILLIONS OF DOLLARS 160 155 152.042 4 150 145 140 135 130 125 S 10 2 16 30 13 27 SEP II 25 8 22 6 20 3 17 31 OCT 14 28 14 28 11 FEB LATEST DATA PLOTTED WEEK ENDING) JULY 25. MAR 25 0 6 20 4 18 JUN APR JUL I 15 28 1900 BUSINESS LOANS17 ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR WEEKS ENDING JULY 18. 1990 FROM THE FOUR WEEKS ENDING; _ MAY APR. MAR. FEB. JAN. OCT. JUL. 16, 18, 21, 21, 17, 18. 19, 1990 1990 1990 1990 1990 1989 1989 -0.3 O.S 1.5 3.5 1.5 -0.7 1.1 - JUL. 4 322,62 324,942 7 21 5 18 JUN JUL 2 16 30 13 27 II SEP 25 6 22 6 20 3 17 31 OCT 14 28 14 28 II FEB MAR APR 1 1 1 I I 1 I 1 I II I I I I 0 23 6 20 4 18 JUN JUL I 15 29 LATEST DATA PLOTTED WEEK ENDING: JULY 18. 1990 1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER. 2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 61.4 BILLION http://fraser.stlouisfed.org 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 90.0 86.2 5 10 2 16 30 IS 27 II 25 SEP OCT 8 22 8 20 9 17 31 14 28 14 28 11 25 FEB MAR APR 0 23 8 20 JUN 4 18 JUL 1 15 20 1990 LATEST DATA PLOTTED WEEK END INGt AUGUST 1, NOTE. 1990 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. id LIBRARY http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS