Full text of U.S. Financial Data : August 27, 1987

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

RESEAWCJ-! LIBRARY
Federa(g||<Jj£
ot St. Louis

nancial Data

"August 27, 1987

'SEP 0 2 1987-----------------------------

THE WEEK'S HIGHLIGHTS:
*

The nation's money stock (Ml) rose $1.2 billion during the week
ending August 17.

v*

Consumer prices rose at a 2.9 percent annual rate in July, the lowest
monthly increase this year. Such prices were up 4 percent from a
year earlier.

is

The nation's real GNP growth in the second quarter of this year
was revised downward from a 2.6 to a 2.3 percent rate. The revision
primarily reflected a smaller rise in net exports than previously
reported.

^

The U. S. government budget deficit was $22.27 billion in July, about
the same as a year earlier. For the first 10 months of the current
fiscal year, the deficit was $141.71 billion, down from $189.05 billion
during the same period last year.

^

Real gross weekly earnings of U. S. workers fell 0.3 percent in July
and were about the same as in April. The July level of real earnings
was 1.2 percent lower than a year earlier.

THE
FEDERAL

ARKSEKtF
>0KV\koi
nr

st.

ix h is

Digitized views expressed do not necessarily reflect official positions of the Federal Reserve System.
for FRASER
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

JUN.

17

AUG.

12

BILLIONS OF DOLLARS
270

263.7
263.3
264.4
264.4
266.3
266.2
262

250

246

2

10 30 13 27 10 24

AUG

9 22

5 19

3 17 31

SEP

H 28 II 25 II

JAN

FEB

25

8 22

MAR

8 20

3 17

I

18 29 12 28

9 23

MAY
JUN
1987

1986
LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING. AUGUST 26,

1987

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
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 PERIODS ENDING:
8/27/86

11/19/86

1Z28/87

2/25/87

3/25/87

4/22/87

5/20/87

10.0
9.2
8.5
8.8
7.0
6.8
7.1

4. 1
4.6
6.0
4.3
4.3
5.0

5.9
7.4
4.8
4.7
5.5

8.0
4.3
4.4
5.3

3.8
4.0
5.3

1 .6
3.9

7/1/87

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING:
1/28/B7
2/25/87
3/25/87
4/22/87
5/20/87
7/ 1/87
7/29/87
8/26/87

1 1.6
10.0
9.5
9.0
9.2
7.8
7.6
7.7


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

7.1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
780 ---------- ,---------- 1---------

747.9
749.0
751.7
749.5
750.7

~ AUG.

4

BILLIONS OF DOLLARS
------------------------------- 78°

IS

I

13 20 13 27 10 24

SEP

OCT
1986

NOV

8 22

DEC

5 10

2

JAN

FEB

IS

2

IS 30 13 27

MAR

APR

II

25

MAY
1987

S 22

JJN

6 20

JUL

3 17 31

AUG

14 28

SEP

LATEST DATA PLOTTED WEEK ENDING* AUGUST 17, 1987
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
DEPoIiT^AN^TRAVELErI^HECKS0 BY ™E N0NBAW PUBUC’ DEMAND ^POSITS. OTHER CHECKABLE

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

8/18/86

11/17/86

1/19/87

2/16/87

3/16/87

4/20/87

5/18/87

6/15/87

20.3
15.8
14.7
13.7
13.9
12.0
10.0
9.8

17.0
14.6
13. 1
13.5
10.9
8.3
8.2

0.5
3.3
6. 1
4.0
2.0
2.7

7.6
10.0
6.5
3.5
4. 1

11.3
6.2
2.6
3.5

5.2
0.7
2.3

-5.3
-1.5

-0.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/19/87
2/16/87
3/16/87
4/20/87
5/18/87
6/15/87
7/20/87
8/17/87


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK*/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED
1987
JUN.
JUL.
AUG.

14 28 II

JUL

RATIO

1
IS
29
13
27
10

25

2.862
2.826
2.834
2.825
2.832
2.819

8 22

AUG

Ml MULTIPLIER

8 20

3 17

OCT

NOV

1

IS

12 28

JAN

0 23

0

8 20

4 18

APR

FEB

MAY

I

15

13 27

10 24

7 21

LATEST DATA PLOTTED TWO WEEKS ENDINGt AUGUST 10, 1987
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
98

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
ur brvuwc, nrcnnut ur
THE FOUR *EEKS ENDING
Auuuoi i/, 190/ rnuM
THE FOUR WEEKS ENDING:

_

JUN.
MAY
APR.
MAR.
FEB.
NOV.
AUG.

15,
18,
20,
16,
16,
17
18,

CURRENCY

JUL.

13

192.1
192.3
192.1
192.9
193.3

n 111111111111
JUL

AUG

OCT

NOV

JAN

FEB

APR

MAY

LATEST DATA PLOTTED WEEK ENDINGt AUGUST 17, 1987
1/ RATIO OF MONEY STOCK (Ml ) TO AOJUSTED 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

5LASUNALLY ADJUSTED

BILLIONS OF DOLLARS
575 ---------- 1---------- ,--------

BILLIONS OF DOLLARS
------------------------------- 575

548.9
549.5
552.8
549.8
550.6

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB

8 22

MAR

APR

6 20

3

17 31

14

MAY

1986
LATEST DATA PLOTTED WEEK ENDING: AUGUST 17, 1987
DEPOSITORY*^?ITUT?ONS? IS THE SUW W DB4AND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE
8/18/86

11/17/86

1/19/87

2/16/87

AVERAGE OF FOUR WEEKS ENDING:

3/16/87

4/20/87

13.2
6.2
1.4
2.5

0.6

5/18/87

6/15/87

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/19/87
2/16/87
3/16/87
4/20/87
5/18/87
6/15/87
7/20/87
8/17/87

24.8
18.3
16.7
15.6
15.9
13.4
10.7
10.5


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

19.3
16.3
14.7
15.2
1 1.8
8.4
8.3

-2.8
1.7
5.3
2.6

0.1
1.1

8.4
1 1.3
6.4
2.4
3.2

4.2
-4.2

-2.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

MUNICIPAL
BONDS

4

19

1

19 29 12

10 24

7 21

8 19

NOV

DEC

2 16 SO IS 27

FEB

IS 27

MAR

10 24

8 22

9 19

S 17 SI

APR

14 28 11

AUG

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt AUGUST 28,

1987
JULY

AUG.

SEP.

3
10
17
24
31
7
14
21
28 X
4
11
18
25

29

SEP

1987.

90 DAY
CD'S

30-DAY
COMMERC1AL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BOWS

MUNICIPAL
BONDS 40ft

6.88
6.73
6.64
6.65
6.72
6.78
6.70
6.72
6.74

6.82
6.65
6.52
6.49
6.56
6.63
6.59
6.60
6.60

6.75
6.63
6.52
6.53
6.61
6.65
6.58
6.61
6.61

9.33
9.31
9.36
9.46
9.56
9.65
9.63
9.68
9.67

10.52
10.52
10.57
10.62
10.74
10.84
10.76
10.77
10.79

7.81
7.67
7.66
7.72
7.73
7.86
7.79
7.81
N. A.

NOTEt
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE.
* AVERAGES OF RATES AVAILABLE
** BOND BUYER'S AVERAGE IM>EX 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

5-YEAR
TREASURY SECURITIES

DISCOUNT RATE

1

15 20 12 26 10 24

7 21

5 19

NOV

DEC

2 16 30 13 27 13 27

FEB

MAR

10 24

6 22

5 19

3 17 31

APR

M 28 II

AUG

25

SEP

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* AUGUST 28, 1987.

1987
JULY

AUG.

SEP.

NOTE*
«

3
10
17
24
31
7
14
21
28 *
4
1 1
18
25

FEDERAL
FUNDS xk

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL warn

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

6.61
6.64
6.52
6.57
6.63
6.75
6.58
6.74
6.76

5.68
5.61
5.58
5.66
5.94
5.87
5.94
6.05
6.20

6.00
5.68
5.54
N.A.
6.20
6. 15
6. 14
6.12
6. 16

6.25
6.20
6. 1 1
6.26
6.40
6.49
6.47
6.53
6.60

7.96
7.91
7.93
8.05
8. 18
8.30
8.24
8.30
8.33

8.66
8.62
8.69
8.84
8.94
9.05
8.95
8.99
9.03

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.I5 RELEASE EXCLUDING LONG-TERM TREASURY
JHiSt!..A?I.£0MPUTE0 BY THIS BANK- TREASURY B'LL YIELDS ARE ONA DISCOUNT BAS IS.

* AVtnAlitlj Or RATES AVAILABLE


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

EfCING ™°DAYS EARLIER THAN DATE ^
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
COMMERCIAL BANK
SMALL TIME DEPOS I TS 1/
LARGE TIME DEPOSITS v
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
410 ---------- 1---------- ,--------1987.

BILLIONS OF DOLLARS
------------------------------- 4,0

BILLIONS

365.3

SMALL TIME DEPOSITS

LATEST DATA PLOTTED WEEK ENDINGt AUGUST 17,

1087

BILLIONS OF DOLLARS

1SSL
JUL.

BILLIONS OF DOLLARS
320

BILLIONS

13
312.11
313.0

305
LARGE TIME DEPOSITS

I I I I
7 21

4 IS

I

IS 20 IS 27

OCT

10 24

8 22

S 10

2 IS

NOV

LATEST DATA PLOTTED WEEK ENDINGt AUGUST 17,

2

IS SO IS 27 II

APR

8 22

6 20

3

17 31

14 28

MAY

1087

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

JUL
853.4
854.2
855.7
857.6
856.6

4

18

1

15 2B 13 27

OCT
1986

10 24

8 22

5 IB

2

JAN

NOV

FEB

18

2 10 30 13 27

APR

II

25

8 22

6 20

3 IT 31

14 28

MAY
1987

LATEST DATA PLOTTED WEEK ENDING*. AUGUST 17, 1987
TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.

TOTAL TIME DEPOSI TS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
8/18/86

11/17/86

1/19/87

2/16/87

3/16/87

4/20/87

5/18/87

6/15/87

5.4
7.2
8. 1
8.7
8.5
8.0

8.6
9.4
9.8
9.3
8.6

10.7
10.7
9.9
9.0

11.1
9.7
8.6

9. 1
7.8

6.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING!
1/19/87
2/16/87
3/16/87
4/20/87
5/18/87
6/15/87
7/20/87
8/17/87

4.5
4.5
4.7
5.5
6. 1
6.5
6.6
6.5


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

8.3
7.9
8.4
8.9
9. 1
8.9
8.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

BORROWINGS FROM FEDERAL RESERVE BANKS
BILLIONS OF DOLLARS

JUL.

AVERAGES OF DAILY FIGURES

BILLIONS OF OOLLARS
----------------- ------------- 3-°

22

------ AUG.

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDING* AUGUST 26, 1087
BILLIONS OF DOLLARS
2.5 ------------- i---------- ,-----liSZ.
JUL.

BILLIONS OF DOLLARS
----------------- ------------- 2-5

MILLIONS

22

ADJUSTMENT + SEASONAL
BORROWINGS

2 16 90 IS 27 10 24

AUG

8 22

SEP

5 10

3 17 31

14 28 II

JAN

FEB

25 II

MAR

25

8 22

6 20

3

MAY

JUN

17

1

15 29 12 26

0 23

LATEST DATA PLOTTED WEEK ENDING* AUGUST 26. 1987


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

JUL. 15

80,569

AUG.

BILLIONS OF DOLLARS
100

80,260
IS-5
79,607

95
5

75

2 16 30 13 27 10 24

AUG

8 22

8 10

3 17 31

SEP

14 28 11

JAN

FEB

29 II

28

8 22

6 20

3 17

I

18 20

12 26

0 23

MAR
1987

LATEST DATA PLOTTED WEEK ENDING. AUGUST 19. 1987

BUSINESS LOANS u
( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
BILLIONS OF DOLLARS

SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
THE FOUR *EEKS ENDING
AUGUST 12. 1987 FROM
THE FOUR WEEKS ENDING: '
JUN.
10,
MAY
13,
APR.
15,
MAR.
11,
FEB.
11,
NOV.
12,
- AUG. 13,

1987
1987
1987
1987
1987
1986
1986
^

-15.3
-8.3
-8.0
-8.7■
-9.9
3.6
4.2

MILLIONS
JUL.

8

272,818
272,013

1 1 1 1 I 1 I 1 I 1 1 1 I 1
2

16 30 13 27 10 24

AUG

6 22

SEP

8 19

3 17 31

14 28 11

JAN

FEB

25 II 25

8 22

6 20

3 17

1

15 20

12 26

0 23

MAR

1986

1987

LATEST DATA PLOTTED WEEK ENDING. AUGUST 12, 1987
1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AM) 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