Full text of U.S. Financial Data : December 17, 1982

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I/'

U.S. Financial Data
Q0^ral Reserve Bank of St. Louis

December 17,1982

C.H iTSARV

DEC

1

1J982
The Depository Institution Deregulation Committee
(DIDC) has authorized two accounts — the Money Market Deposit
Account and the "Super NOW" account. These accounts represent
a further step in the deregulation of the financial industry, a
process that has been underway since the passage of the Depository
Institutions Deregulation and Monetary Control Act in March
1980. These accounts allow depository institutions to compete
more effectively for funds, especially during periods of high or
rising interest rates.
The Money Market Deposit Account (MM DA), effective
December 14, 1982, has no interest rate ceiling as long as a
minimum balance of $2,500 is maintained. Whenever the balance
falls below $2,500, the allowable interest rate will decline to the
ceiling rate on NOW accounts, currently 5-1/4 percent. The
MMDA has a limit of six transfers per month—preauthorized
transfers, third-party checks or telephone transfers. No more than
three of these may be third-party checks. There are no limitations
on the size or frequency of additions, however made, or on the
number of withdrawals effected by mail, messenger, automated
teller machine or in person. The account will be available to all
depositors—individuals, partnerships, corporations and govern­
mental units. Nonpersonal accounts will be subject to a reserve
requirement.
The "Super NOW" account, to be available beginning
January 5, 1983, has the same features as the MMDA, with two
exceptions; 1) an unlimited number of transfers will be permitted
and 2) the account will be available only to individuals, certain
non-profit corporations and governmental units.
—Mack Ott

Due to the holiday on Friday,
next week's release will be
published Tuesday, December 28, 1982.


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

186

BILLIONS OF DOLLARS
------ ------------ --------------186

---------- 1---------- 1-------BILLIONS
NOV.
— DEC.

182.1
182.4
182.1
182.5
182.8
183.4

30
OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY •

JUN

1981

M 28 11 25 8 22
JUL
AUG
SEP

6 20
OCT

3 17
NOV

DEC

1982

LATEST DATA PLOTTED WEEK ENDING:

DECEMBER

15,

1982

THE ADJUSTED MONETARY BASE CONSISTS OF: ( 1 ) RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT
FEDERAL RESERVE BANKS, (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE
VAULTS OF ALL DEPOSITORY INSTITUTIONS). AND (3) 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 AVAIL­
ABLE FROM THIS BANK.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
12/16/81

AVERAGE OF FOUR WEEKS ENDING:

3/17/82

5/12/82

6/16/82

7/14/82

8/18/82

10.3
7.8
7.5
7.4
6.8
7.2
7. 1

6.8
6.7
6.7
6.0
6.7
6.7

3.6
4.6
4.2
5.4
5.6

6.7
5.5
6.6
6.6

4.8
6.6
6.6

9/15/82 10/13/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
5/12/82
6/16/82
7/14/82
8/18/82
9/15/82
10/15/82
II/17/82
12/15/82

9.3
9.9
8.5
8.3
8. 1
7.6
7.8
7.7


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

6.6
6.6

8.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

MILLIONS OF DOLLARS

BILLIONS OF DOLLARS
52

50.9
50.3
50.6
50.8

OCT
LATEST DATA PLOTTED WEEK ENDING;

DECEMBER 8,

NOV

1982

ADJUSTED MONETARY BASE (RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE
BANKS PLUS CURRENCY IN CIRCULATION) LESS CURRENCY HELD BY THE NONBANK PUBLIC.

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

12/9/81

3/10/82

5/5/82

6/9/82

7/7/82

8/11/82

9/8/82

10/6/82

10.8
10.0
8.6
7.7
8.0
5.9
7. 1
7.6

5.9
4.5
3.9
5.0
2.5
4.6
5.5

3.6
3. 1
4.8
1.5
4.4
5.5

1.2
4. 1
0.0
3.9
5.3

6.0
0.0
4.8
6.3

-1.3
5.8
7.6

3.5
6.6

16.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
5/ 5/82
6/ 9/82
7/ 7/82
8/11/82
9/ 8/82
10/ 6/82
11/10/82
12/ 8/82


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK ( Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
485
1
480
475
470
465

-

1982

= NOV.
Z
—
Z
-DEC.
“

BILLIONS OF DOLLARS
485

1

E

BILLIONS

3
10
17
24
1
8

/

473.2
473.4
475.9
474.2
476.2
479.7

i

S'

475

/

470

r'

E
E

480

E

465

E

460

460
z

E
455
/H

450

£

E
445

E
440

T

'\

455

m i

E

r^

450

=

J

445

=
440

E

435

435
=

430

430

E

E

425

Illl LULL
21

OCT

NOV
1981

~
1111
2

111

16 30 13 2

DEC

JAN

111

111

U J.

25 8 22 6 20

3 17

Illl -LLL .1 LL ■LI 1 1 -LLL .1-LL Illl

10 24 10 24

FEB

MAR

LATEST DATA PLOTTED WEEK ENDING:

7 21

2

APR

16

JUN

DECEMBER 8,

30 14 28

JUL
1982

II

AUG

SEP

OCT

NOV

All 1
I

15

29

DEC

1982

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COMMERCIAL BANK DEMAND DEPOSITS
HELD BY THE NONBANK PUBLIC (EXCLUDING THOSE HELD BY FOREIGN BANKS AND OFFICIAL INSTITUTIONS)
AND OTHER CHECKABLE DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS' CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE
12/9/81

3/10/82

8.0
7.0
4.8
4.9
6.0
6.5
8.3
8.8

4.6
1.5
2.4
4.4
5.3
7.9
8.7

AVERAGE OF FOUR WEEKS ENDING:

5/5/82

6/9/82

7/7/82

-2.2
0.5
3.8
5.2
8.5
9.4

-0.8
4.2
5.9
9.9
10.7

10.2
10.5
14.3
14.5

8/11/82

9/8/82

10/6/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
5/ 5/82
6/ 9/82
7/ 7/82
8/11/82
9/ 8/82
10/ 6/82
11/10/82
12/ 8/82


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

13.8
17.9
17.4

18.6
17.7

20.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY MULTIPLIER^
CURRENCY COMPONENT OF MONEY STOCK v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED
FAT IQ

Ml MULTIPLIER

LATEST DATA PLOTTED WEEK ENDING: DECEMBER 8,

1982

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
134

COMPOUNDED ANNUAL RATES
OF wnrtot, nvcnnuc ur
ur CHANGE. AVERAGE OF
— THE FOUR WEEKS END ING
DECEMBER 8
982 FROM
-----OCT.
AUG.

11

-----JUN.
MAR.
DEC.

9
10

CURRENCY

1251

BILLIONS

8

13210

I I I I I I 1 1 I 1 1 1
JAN

FEB

APR

LATEST DATA PLOTTED WEEK ENDING: DECEMBER 8,

MAY
1982

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

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

22.0

22.0
21 .0
20.0
19.0
18.0
PR ME BANK
LOAN RATE

17.0
16.0

90 DAY
15.0

15.0
14.0
13.0

CORPORATE
Aaa BONDS

12.0

12.0
I 1.0
10.0
9.0
8.0
7.0

2

16 30

13 27

NOV

)l 25

DEC

22

5 19
FEB

5 19
MAR

2

16 30 M 28

MAY

II

25

9 23

6 20

3

AUG

JUN

SEP

17

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

1982
OCT.

NOV.

DEC.

1
8
15
22
29
5
12
19
26
3
10
17 *
24
31

90 DAY
CD'S

PRIME
COMMERC1AL
PAPER ***

10.43
10.46
9. 16
9.02
9. 14
8.96
9.01
9. 19
8.69
8.79
8.67
8.71

10.35
10.23
8.83
8.75
8.93
8.78
8.77
8.91
8.48
8.67
8.50
8.52

PRIME
BANKERS'
ACCEPTANCES
10.23
10. 15
8.96
8.83
8.98
8.78
8.85
8.96
8.61
8.68
8.58
8.58

* AVERAGES OF RATES AVAILABLE.
*# BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS,
**# DATA ARE 4-MONTH COMMERCIAL PAPER RATES.
N.A. - NOT AVAILABLE


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

CORPORATE
Aaa BONDS
12.66
12.49
i 1 .94
11.95
12.00
11.68
11.62
11.70
11.67
11.83
11.79
11.79

1

15 29 12 26

DECEMBER

17,

10 24

1982

CORPORATE
Baa BONDS

MUNICIPAL
BONDS **

15,40
15.21
14.53
14.48
14.57
14.44
14.39
14.23
14. 17
14. 16
14.11
14. 14

10.48
9.75
9.25
9.69
10.05
9.96
9.92
10.20
10.20
10.23
10. 13
N. A.

THURSDAY DATA.

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

T

0

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
20.0 p-

PERCENT
—i 20.0

FEDERAL
FUNDS RATE
5-YEAR
TREASURY SECURITIES

15.0

DISCOUNT
RATE

3-MONTH
REASURY BILL

I I I I
2OCT 30 NOV 27 DEC 25 JAN
16
13
11
8 22

5 19
FEB

5 19
MAR

2APR 30 MAY 28 JUN 25 JUL23
16
14
II
9

1981

20

AUG

3

17

SEP

I

15 29

OCT

12 26

NOV

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: DECEMBER 17,

1982
OCT.

NOV.

DEC.

1
8
15
22
29
5
12
19
26
3
10
17 *
24
31

10 24

DEC

1982
1982

FEDERAL
FUNDS x*

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL xxx

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECUR1T1ES

LONG-TERM
TREASURY
SECUR1T1ES

10. 12
10.77
9.60
9.53
9.44
9.43
9.45
9.61
8.91
8.69
8.84
8.86

7.52
7.93
7.48
7.54
7.93
7.78
8.07
8.31
7.9A
8.14
7.96
7.77

9.20
9.23
7.73
7.76
8.47
8.23
8.40
8.54
8. 1 1
8.51
8.25
8.21

9.51
9.24
8. 19
8.28
8.58
8.36
8.47
8.49
8.35
8.53
8.36
8. 15

11.74
11.29
10.46
10.50
10.73
10.34
10.44
10.51
10.21
10.31
10.26
10.21

11.54
11.28
10.50
10.57
10.74
10.31
10.39
10.49
10.50
10.69
10.59
10.59
I

________

* AVERAGES OF RATES AVAILABLE.
**
£of? ,*§EK ENDING WEDNESDAY two days earlier than date shown.
2ATA appear in the board of GOVERNORS’ h.is release.
*** NEW IS5UE RATE
b?LN?T^0rCTsc»Wlfi.ARE C0MPUTED B¥ THE FEDERAL RESERVE BANK 0F S1-L0UIS-


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

.

«
TOTAL CHECKABLE DEPOS I TS 1/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
350

TTTT

BILLIONS OF DOLLARS
350

=—1—1—1—

U
oJ

' vj

l

llll. .

/ v

)

^

V

r-

llll

TTTT

TTTT TTTT

L

305

300

7 21

OCT

4 18
NOV

im, ILL -LLL 111.1 -LLL -ILL 1.1.1,1
2

16 SO

DEC

13

27

JAN

10 24

7 21

S

MAR

10 24

FEB

APR

MAY

19

DECEMBER 8,

llll -LLL in

ILL 1 1 1

16 SO 14 28 II

JUN
JUL
1982

1981
LATEST DATA PLOTTED WEEK ENDING:

2

25

AUG

8 22

SEP

6 20

3

OCT

17

1 1-Lli

NOV

1

15 29

DEC

1982

1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY

INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
12/9/81

3/10/82

7.6
5.9
3.0
3.6
5. 1
5.7
8.4
9.2

2.2
-1.8
0. 1
2.9
4. 1
7.9
9. 1

5/5/82

6/9/82

7/7/82

-6.8
-2.2
2.4
4.0
9.0
10.4

-2.9
3.7
5.5
11.4
12.7

12.5
12.3
17.9
18.3

8/11/82

9/8/82

10/6/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING-.
5/ 5/82
6/ 9/82
7/ 7/82
8/11/82
9/ 8/82
10/ 6/82
11/10/82
12/ 8/82


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

320

315

V

!lll in

325

III

m r

A

330

■

A
i *

320

LLLL

/V
M

335

1

rL

(

E

310

111

____J

325

315

340

A

llll

330

1
8

345

JJ1 I

335

C.

BILLIONS
337.5
337.5
339.9
339! 9
343. 1

llll

1S82
_NOV. 3
10
17

15.9
22.5
22.0

23.7
22.6

27.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

310

305

300

TOTAL TIME DEPOSITS j/
ALL COMMERCIAL BANKS
AVLKAUtS Oh DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
870 rz------- 1---------- 1--------

BILLIONS OF DOLLARS
----------------------------870

BILLIONS
847.5
847.2
846.0
844.6
844.6
844.3

4

OCT

18

2

16 30 13 27

NOV

JAN

10 24

10 24

LU I I I I I

7 2)

5

19

2

16 30

14 28

II

25

8 22

FEB

6 20

OCT

LATEST DATA PLOTTED WEEK ENDING: DECEMBER 8,

I

15 29

NOV

1982

1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
12/9/81

3/10/82

13.6
14.2
14.7
15.6
14.7
13.5
12.3
1 1.0

19. 1
18.8
19.3
17.3
15.3
13.4
11.5

AVERAGE OF FOUR WEEKS ENDING:

5/5/82

6/9/82

7/7/82

17.4
18.7
16.0
13.4
11.4
9.3

19.8
15.6
12.4
10.2
7.9

14.6
10.8
8.5
6.2

8/11/82

9/8/82

10/6/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
5/ 5/82
6/ 9/82
7/ 7/82
8/11/82
9/ 8/82
10/ 6/82
11/10/82
12/ 8/82


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

4.7
4.0
2.1

2.7
0.7

-0. 1

PREPARED BY FEDERAL RESERVE BANK OF ST.

I

LOUIS

10
SMALL TIME DEPOSITS 1/
COMMERCIAL BANK SAVINGS DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

420
410

E----- 1------- 1--------- 1------r_COMPOUNDED ANNUAL Rt
~ OF CHANGE, AVERAGE )F
= THE FOUR WEEKS END 1 4G
— DECEMBER 8, 1982 FRC)M
z

400
390
380
370

THE FOUR WEEKS END 1 4G:

6,

=“OCT.
— SEP.
— AUG.
z JUL.
z_ JUN.
Z MAR.
z DEC.

1982
1982
1982
1982
1982
1982
1981

8,
11.
7,
9,
10,
9,

BILLIONS OF DOLLARS
430

=
E

420
410

SMALL TIME

)EPOS TS

E

-4.
-1.' '
2.
8.;
10.;
15.;
13.5

—
E

400
390
380

z

370

E

—

360

360

i
350

350

E
340

0

EE
-E

i?
DEC

=

24
1
8

407.9
407.4
406.9

-=

1 1J

I l.L

II 1 1

1 1 1

1 1 1

.1.1.LL XLL LLL. mi

LATEST DATA PLOTTED WEEK ENDING;

DECEMBER 8,

1 1 1

1 1 II

1 1 1

340

m

f.

320
310

6

1982.

330

B.IUI. ons
3

407

330
320
310

i i i i i i i i i i i i!

1982

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

190

1922

PILLIONS
61.5
63.5

NOV.
180

—

185
180

64.4

175
170

SAVINGS DEPOSITS

165
160
155
z COMPOUNDED ANNUAL RATES
“ OF CHANGE, AVERAGE OF
- the four Weeks ending
- DECEMBER 8, 1982 FROM
z_THE FOUR WEEKS ENDING:
=
OCT.
E-SEP.
r
AUG.
n_JUL.
- JUN.
- MAR.
- DEC.

6,
8,
11,
7,
9,
10,
9,

1982
1982
1982
1982
1982
1982
1981

111111111111
4

18

2

16 30

150
145

30.9
23.3
16.9
8.2
4.9
4.3
5.0
111111
13 27 10 24
JAN
FEB

LATEST DATA PLOTTED WEEK ENDING:

140
135
130
1111
10 24

7 21

DECEMBER 8.

5 19

2

16 30

14 28 II

25

8 22

6 20

3

0

17

1982

1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000.


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

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
1982

BILLIONS

of

dollars

MILLIONS

LATEST DATA PLOTTED WEEK ENDING-. DECEMBER 15,

1982

BUSINESS LOANS 17
(COMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
224

Z COMPOUNDED ANNUAL RATES
— OF CHANGE, AVERAGE OF - THE FOUR WEEKS ENDING
tZ DECEMBER 8, 1982 FROM
_
o, i
c rnuM
216 —THE FOUR WEEKS ENDING:
212
208

I QCT. 6,
—SEP. 8,
Z AUG. 1 1 ,
- JUL. 7
— JUN. 9,
Z MAR. 10,
=ZDEC- 9.

1982
1982
1982
------1982
____
1982
’981

220
216

-9.5

212
208
204
200
196
192
188
millions

NOV.

DEC.
I 1 I I
4

18

2

16 30

13 27

10 24

10 24

1

215,230
215,314
214,966
213,897
215,09
213,90

LI I 1 I 1 1 I 1 I I I I I

7 21

LATEST DATA PLOTTED WEEK ENDING: DECEMBER 8,

3

1982

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF 1750 MILLION OR MORE


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

PREPARED BY FEDERAL RESERVE BANK OF ST.

11

LOUIS

184
180
176

12
LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
290

BILLIONS
285
280
275

260
255
250
245

JAN

FEB

LATEST DATA PLOTTED WEEK ENDING: DECEMBER 8.

OCT

NOV

1982

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
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