Full text of U.S. Financial Data : August 31, 1989

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U.S. Financial Data
August 31, 1989

THE WEEK'S HIGHLIGHTS:
The annual rate of growth of real gross national product in the second
quarter was revised to 2.7 percent, up from last month's 1.7 percent
estimate. The largest upward revisions were in consumption
expenditures and government purchases.
^

Personal income increased at an annual rate of 9.3 percent in July
and at a 10.1 percent rate since December 1988.
Sales of single-family homes increased 14.4 percent in July, the
largest monthly gain since September 1986. The July rate was 5.4
percent above a year earlier.

s

After-tax corporate profits fell by 5.4 percent from the first to the
second quarter, and were down 1.6 percent from the second quarter
of 1988.

s

Business loans have increased sharply since the spring, increasing
at an 11.7 percent annual rate from the four weeks ending April
26 to the four weeks ending August 16.

mi:

FEDERAL
A KKSERU
HANK of

nr sinms

Digitized views
for FRASER
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

15 27 10 *4

JUL

AUG

7 21

5 19

2 16 50 14 29 II 25

SEP
OCT
1988

NOV

DEC

JAN

9 22

FEB

9 22

MAR

BILLIONS OF DOLLARS
------------------- ----------- 298

5 19

5 17 51

APR

MAY
1989

14 29 12

JUN

JUL

AUG

6 20
SEP

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING: AUGUST 23, 1989
THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL
------------------------...----------- ...------------------------------------------IN CIRCULATION I CURRENCY--------------- ----------- UBLJC AND IN THE VA------------*
VAULTS OF**ALL
T.
THE MAJOR
_ ) AND AN ADJUSTMENT FOR P
i MONETARY BASE IS FEDERAL
ED BY THIS
fUPTION OF THE ADJUSTED Ml
HIS BANK.
RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDING:
8/24/88

11/16/88

1/25/B9

2/22/89

3/22/89

4/19/89

5/17/89

6/28/89

1.8
3.8
2.3
2.9
2.3

2.5
1.2
2.1
1.6

2.7
3.5
2.5

1.8
1.0

2.3

TO THE AVERAGE OF
MAINTENANCE
ODS ENDING:

18

1/25/B9
2/22/89
3/22/89
4/19/89
5/17/89
8/28/89
7/26/89
8/23/89

7.2
4.4
4.7
3.8
4.2
3.5
3.7
3.3


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

3.6
4.2
2.9
3.7
2.9
3.2
2.7

-2.0
-2.2
0.2
0.0
0.8
0.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

1M
JUL.

17

BILLIONS OF DOLLARS

BULLIONS
777.2
775.9
774.8
779.6

4 18

I

15 20 12 28 10 24

7 21

5 19

NOV

DEC

2 18 90 IS 27 IS 27

FEB

LATEST DATA PLOTTED KEEK ENDING* AUGUST 21,

MAR

10 24

8 22

5 19

3 17 91

14 28 II

25

APR

1980

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
DEPOSITS AND TRAVELERS CHECKS.

BY THE

n°»*ank public,

demand deposits,

other checkable

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
8/22/88

11/21/88

1.2
0.9
1.0
-0.1
-1.4
-1.8
-0.8
-0.8

0.5
0.8
-0.9
-2.8
-3.1
-1 .6
-1.5

1/23/89

2/20/89

3/20/89

4/24/89

5/22/89

6/19/89

1.8
1.2

4.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/23/8G
2/20/89
3/20/89
4/24/89
5/22/89
6/19/89
7/24/89
8/21/89


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

0.7
-2. 1
-4.6
-4.7
-2.4
-2.1

-2.8
-5.9
-5.8
-2.8
-2.*

-9.1
-8.0
-3.8
-5.2

-8.9
-2.8
-2.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

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

1989
JUN.
JUL.
AUG.

12
26
10
24
7

v
RATIO
3.0

RATIO
2.664
2.656
2.687
2.659
2.685
2.663

2.9

Ml MULTIPLIER

2.8

2.6

II

25

8 22

5 19

3 17 31

14 28 12 26

NOV

DEC

9 23

6 20

6 20

3 17

FEB

MAR

APR

1

15 29 12 26 10 24

7 21

4 18

LATEST DATA PLOTTED TWO WEEKS ENDINGt AUGUST 21, 1989
BILLIONS OF DOLLARS
224

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
v/r iinHnur.,

ur

THE FOUR WEEKS ENDING
auuuoi ci, i»o» rnuM
___THE FOUR WEEKS ENDING:

220

CURRENCY
— NOV
1988

1989
JUL.

17

BILLIONS
217.9
218.4
217.9
217.7

NOV

DEC

FEB

MAR

APR

AUG

SEP

LATEST DATA PLOTTED WEEK ENDING: AUGUST 21, 1989
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 BANK OF ST. LOUIS

TOTAL CHECKABLE DEPOSI TS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
585
1
II
I
-

12SS
JUL.
AUG.

BILLIONS

17
24
31
7

552.1
550.3
550.0
553.7

21

554. 4

z

z

J v. V \
Vi J

-v/

r

ILL IONS OF DOLLARS
585

Z

z

L \j V

z

z

•iii
1111

1 1 1

jin

111

111

NOV

DEC

1111 nil

111 1111 mi

111

0 22

SEP
OCT
1988

JAN

FEB

MAR

APR

MAY
1989

1111

-Li i

3 17 31

JUL

m2

M 20 II

AUG

25

SEP

LATEST DATA PLOTTED WEEK ENDING: AUGUST 21, 1989
DEPOSITORY**NSTITUT?0NS^ IS THE SUM

W DEMArC) DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
8/22/88

M/21/88

1/23/80

2/20/89

3/20/89

4/24/89

-13.3
-12. 1
-6.5
-5.4

-13.5
-5.1
-4.1

5/22/89

0/19/89

0.9
0.4

5.1

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1Z23/89
2/20/89
3/20/89
4/24/89
5/22/89
8/19/89
7/24/89
8/21/89

-1 , 1
-1.3
-1.2
-2.4
-4. 1
-4.6
-3.2
-3.0


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

-1.9
-1.5
-3.5
-5.8
-6.2
-4.1
-3.7

-1.3
-4.6
-7.8
-8. 1
-4.9
-4.3

-5.7
-9.5
-9.4
-5.4
-4.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5
I

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

12.0

PRIME
LOAN

CORPORATE
Aaa BONDS

9.0

RCIAL

8.0

MUNIC

15 20 12 at

8 23

7 21
OCT

4

18

2

10 30 13 27

NOV

JAN

10 24 10 24

FEB

7 21

5 IB

APR

MAY

2

10 30 14 28 11

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. SEPTEMBER I,

1989
JULY

AUG.

SEP.

7
14
21
28
4
1 1
18
25
1 X
8
15
22
29

25

8 22

1989.

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS*
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BOM)S

MUNICIPAL
BONDS XX

9.00
8.71
8.75
8.69
8.35
8.56
8.76
8.76
8.78

9. 19
8.91
8.93
8.86
8.57
8.77
8.87
8.85
8.87

8.74
8.52
8.55
8.46
8. 15
8.41
8.57
8.58
8.59

8.97
8.94
8.93
8.91
8.81
8.92
8.99
9.02
9.04

9.91
9.85
9.91
9.86
9.77
9.82
9.90
9.92
9.96

7.00
6.92
6.95
6.95
6.86
7.02
7.09
7. 15
N. A.

musmstt
ssssa^t t* bo*rd of governors‘ h-,s release868 BOND BUYER’S AVERAGE INDEX OF 20 MUN' .IPAL 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

PERCENT
—I 11.0

r—

TREASURY

ITIES

TREAJ5
-a

/—^J

DISCOUNT RATE

2

OCT

I« 30 13 27 10 24

NOV

JAN

FEB

10 24

7 21

APR

5 19
MAY

2

J-J-l I I I I I

16 SO 14 JW II

JUL

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. SEPTEMBER

JULY

AUG.

SEP.

FEDERAL
FUNDS ftft

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL xsa

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

9.58
9.31
9.24
9.14
8.95
8.98
9.04
9.01
8.96

7.81
7.77
7.97
7.98
7.71
7.92
7.95
7.98
7.92

7.63
7.50
7.67
7.73
7.35
7.70
7.83
7.85
7.88

7.42
7.32
7.43
7.35
7.20
7.56
7.72
7.78
7.76

7.93
7.81
7.88
7.75
7.64
7.99

ENDIN0 ™

E*RLIW


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

8.20
8.26
8.30

j»

8 »

AUG
1,

1989

LONG-TERM
TREASURY
SECURITIES

8.20

8. 15
8.23
8.15
7.97
8. 18
8.30
8.33
8.34

imorasi..
»«n

PREPARED BY FEDERAL RESERVE BAM? OF ST. LOUIS

7

8

MONEY STOCK ( M2 )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
3150

1M

BILLIONS OF DOLLARS
3150

BILLIONS
3116.8
3115.7
3133.1
3138.4

3100

3050

3025

3025

4

18

I

IS 29

12 26 10 24

7 21

5 10

NOV

DEC

2

IS 30 15 27 13 27

FEB

MAR

10 24

8 22

3

19

3 17 31

APR

1988

14 28

AUG

11 25

SEP

1989

LATEST DATA PLOTTED WEEK ENDING. AUGUST 21,

1989

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
FOREIGN BRANCHES OF U.S. BANKS, MONEY MARKET DEPOSIT ACCOUNTS, SAVINGS AFC
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, AVERAGE OF FOUR WEEKS ENDING:
8/22/88

11/21/88

1/23/8G

2/20/89

2.7
2. 1
0.4
1.4
3.0
3.8

3.0
0.5
1.6
3.5
4.3

3/20/89

4/24/89

5/22/89

6/19/89

0. 1
3.9
5.0

8. 1
8.3

9.6

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/23/89
2/20/89
3/20/89
4/24/89
5/22/89
6/19/80
7/24/89
8/21/89

2.9
2.5
2.8
2.6
1.8
2. 1
3.0
3.4


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

1.8
2.6
2.3
1 . 1
1.7
2.9
3.5

-1.5
0.5
3.1
4.1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ALL DEPOSI TORY INSTI TUT IONS
TOTAL TIME DEPOSITS^
LARGE TIME DEPOS ITS 2/
AVERAGES OF DAILY FIGURES
BILLIONS OF DOLLARS
2140 -—1------------1------------1------------- 1---------COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF

I
_

AU GUST~21 .*"T989'”FR0m'
THE FOUR WEEKS END INC

—
Z
_
—
I

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

19,
22,
24,
20,
20.
21,
22,

1989
1989
1989
1989
1989
1988
1988

BILLIONS OF DOLLARS
2140

=
-L I-1 11

-

SEASONALLY ADJUSTED

3.3
5.1
6.7
8.1
8.4
8.4
8.8

TOTAL TIME )EPOS TS

2110

2080

E
2050

z

■ L i-I-I

2020

Z

JUL .

z

AUG .

!lll

1111

111

1111

-LLL J-LL

INI

111

-LLL 1 1 1

m il

l

J J .1 L

B ILL 101

*

L989

I960

1990

17
24
31
7
14
21

2104.7
2104.3
2101.5
2104.9
2106.3
2104.1

“
_I
_
_

I960

1930

1 1 1 1 _lllI i i i i 1 i i i 1 i i i!

LATEST DATA PLOTTED WEEK ENDING' AUGUST 21, 1989
BILLIONS OF DOLLARS
590 r-------- 1------------- 1—

1989

BILLIONS OF DOLLARS
------ --------------------j 590

BILLIONS
575.8
574.9
574.0
LARGE TIME DEPOSITS

572.1
509.4

4

18

1

15 29 12 28 10 24

7 21

5 19

NOV

DEC

2 16 30 19 27 19 27 10 24

FEB

MAR

APR

8 22

5 19

9 17 91

14 28 II

AUG

25

SEP

LATEST DATA PLOTTED WEEK ENDING' AUGUST 21, 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
IM
JUL.

BILLIONS OF DOLLARS
----------------------------ZJ 5.5

MILLIONS

26

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDING. AUGUST 30,

I960

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
2.5

JUL.

26

2.0

ADJUSTMENT + SEASONAL
BORROWINGS
1.5

I .0

0.5

6 20

3 17 31

14 28 12 20

SEP

OCT

0 23

7 21

4 18

I

DEC

JAN

FEB

15

1

IS 20 12

S 10

JUN

2 16 30 13 27

JUL

LATEST DATA PLOTTED WEEK ENDING. AUGUST 30, 1989


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0.0

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS

of dollars

■=i 135
1989
JUL. 19
26
2

AUG.

6 20

MILLIONS
125,555
124,466
123,513
123,242

3 17 91

14 28 12 20

SEP

9 29

OCT

7 21

4 19

I

DEC

JAN

FEB

LATEST DATA PLOTTED WEEK ENDING. AUGUST 23,

IS

1

IS 29 12 20 10 24

7 21

5 19

2

10 90 19 27

1989

* DASHED LINE REPRESENTS DATA USING AN OLD REPORTING PANEL AND IS NOT COMPARABLE TO CURRENT DATA.

BUSINESS LOANS17

( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
326

” COMPOUNDED ANNUAL RATES
- OF CHANGE, AVERAGE OF
nuuwgi lo.iwo* rnu¥
“ THE FOUR WEEKS ENDING)
17,
. 19,
- MAR 15,
_ FEB . 15,

322

1989
1989
1989
1989

MILLIONS
JUL. 12
323,186

1111 1 I I I I I 1
8 20

9 17 91

14 28 12 28

LATEST DATA PLOTTED

9 29

7 21

4 18

DEC

JAN

18

1

IS 29 12 28 10 24

7 21

S 19

2

18 SO IS 27

FEB

W.EK ENDING. AUGUST 18, 1989

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 91.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

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