Full text of U.S. Financial Data : December 17, 1987

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I

DEC 2 2

1987

1 nancial Data

Member 17, 1987

THE WEEK'S HIGHLIGHTS:
s

Industrial production increased at a 4.6 percent annual rate in
November and was 5.4 percent higher than a year earlier. The
capacity utilization rate rose to 81.7 percent, up from 79.2 percent
in November 1986.

s

Housing starts rose 7.5 percent in November to a seasonally adjusted
annual rate of 1.637 million units. Through the first 11 months
of 1987, actual housing starts totaled 1.531 million compared with
1.690 million for the same period in 1986.

ts

Retail sales rose at a 2 percent rate in November and were 3.4 percent
higher than a year earlier.

is

Producer prices offinished goods in November were unchanged from
October, but up 2.5 percent from a year ago.

Due to the holidays, this release will not be published again
____________until Thursday, January 7, 1988.

the

FEDERAL
A RESERVE)
Jvk
ItWK of
|®r ST. IX H 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

272

BILLIONS
265.1
268.0
266.9
"

DEC

268.4
267. 1

248

I I I I
8 22

5 19

S 17 SI

14 28 11

JAN

29 II

FEB

25

8 22

MAR

8 20

S 17

MAY

JUN

1986

I

15 28

12 26

9 23

7 21

4 18

OCT

NOV

2

16 SO

1987

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING-. DECEMBER 16,

1987

THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL

__

bank:

WSTL

—

-

_____

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;
12/17/86

3/11/87

5/20/87

6/17/87

7/15/87

8/12/87

6.8
4.6
5. 1
5.9
5.5
6.7
6.2

-0.2
2.2
4.2
4. 1
6.0
5.4

2.0
4.7
4.5
6.7
5.8

8.8
6.7
8.9
7.5

6.5
9.4
7.6

9/9/87 10/21/87

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING;
9.6
8.5
6.9
6.9
7.3
6.8
7.7
7.2

5/20/87
6/17/87
7/15/87
8/12/87
9/ 9/87
10/21/87
11/18/87
12/16/87

1

*

9.0
6.8

8.9

X i
PREPARED BY FEDERAL RESERVE BANK OF ST.

'

‘


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

■ * ‘

i

LOUIS

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

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

BILLIONS OF DOLLARS
------------------- ----------- 780

BILLIONS
762.7
759.2
756.2
759.3
750.7
754.4

6 20

3

17

NOV
1986

1

15 28 12 28

DEC

JAN

9 25

FEB

9 23

MAR

6 20

4 18

I

APR

MAY

JUN

15 29

13 27

JUL

10 24

AUG

5

SEP

19

OCT

2

16 30

NOV

14 28

DEC

1987

LATEST DATA PLOTTED WEEK ENDING: DECEMBER 7,

1987

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
DEPollT^AN^TRAVELERi^CHECKS0 BY ™E N°NBANK FUBLIC' DEMAN° DEP08,TS' °™ER CHECKABLE

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
12/8/86

3/9/87

5/4/87

6/8/87

-3.7
-1.0
-0.5
0.6
2.8
0.8

-2.4
-1.3
0.4
3. 1
0.6

7/6/87

8/10/87

9/7/87

10/5/87

2.8
3.7
6.2
2.7

3.6
7.1
2.3

9.7
2.6

1.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
5/ 4/87
6/ 8/87
7/ 6/87
8/10/87
9/ 7/87
10/ 5/87
11/ 9/87
12/ 7/87

12.3
10. 1
7.2
6.8
6.2
6.2
6.8
5.3


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

8.0
3.5
3.6
3.2
3.6
4.9
3.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY MULTIPLIER^
CURRENCY COMPONENT OF MONEY STOCK s
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

1987
SEP.
OCT.

RATIO

21
5
19
2
16
30

NOV.

2.85S
2.864
2.855
2.857
2.840
2.814
Ml MULTIPLIER

I I I I
6 20

9

17

OCT

NOV

I

15 29 12 26

JAN

9 29

9 29

FEB

6 20

4 18

APR

MAY

I

LATEST DATA PLOTTED TWO WEEKS ENDING; NOVEMBER 30,

15 29 19 27

10 24

7 21

5 19

SEP

OCT

2

16 90 14 28

1987

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

_

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
- THE FOUR WEEKS ENDING
— DECEMBER 7, 1987 FROM
_ THE FOUR wtEKS ENDING;

_

SEP

— JUL
_

MAR.

5, 1987
7, 1987
10, 1987
6, 1987
8r 1987
9 1987
8, 1986

12.1
10.7
10.0
9.4
8.7
8.0
8.7

CURRENCY

1251

BILLIONS
197.7
198.0
198.5
198.8
198.6
198.6

I 1 1 I
I

15 29 12 26

JAN

0 29

9 25

6 20

4 18

1

15 29 19 27 10 24

7 21

FEB

LATEST DATA PLOTTED WEEK ENDING; DECEMBER 7, 1987
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

LLIONS OF DOLLARS

BILLIONS OF DOLLARS
----- ------------ ---------- 580

558. I
554.3
550.7
553.5
545.2
548.9

B 20

3

17

1

15 20

NOV

12 26

JAN

9 23

FEB

9 23

MAR

I

APR

MAY

15 29 13 27

JUN

1986

10 24

JUL
1987

7 21

5

SEP

OCT

19

2

16 30 14 28

NOV

DEC

LATEST DATA PLOTTED WEEK ENDING* DECEMBER 7, 1987
DEPOSITORYKtNSTITUT?ONSS 'S ™ SUM °F DEMAND DEP0SITS AND 0THER CHECKABLE DEPOSITS AT ALL

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE
12/8/86

3/9/87

5/4/87

6/8/87

-7. 1
-3.6
-3.0
-1 .6
0.9
-1.9

-5.3
-4.0
-1 .9
1.2
-2. 1

AVERAGE OF FOUR WEEKS ENDING:
7/8/87

8/10/87

9/7/87

10/5/87

9.2
-0.2

-2.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
5/ 4/87
8/ 8/87
7/ 6/87
8/10/87
9/ 7/87
10/ 5/87
11/ 9/87
12/ 7/87

13.4
10.6
6.9
6.3
5.5
5.5
6.2
4. 1


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

8.4
2.5
2.6
2.0
2.4
3.8
1.3

1.2
2.4
5.1
0.3

2.0
5.9
-0.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

percent

:ORPOR/

PRIME BANK
LOAN RATE

3 17 31

14 28

NOV
1986

12 26

DEC

9 23

6 20

6 20

3

FEB

MAR

APR

17

1

13 20 12 26 10 24

7 21

4 18

AUG

SEP

2

16 30 13 27

NOV

II

25

DEC

1987

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: DECEMBER 18, 1987.

1987
OCT.

NOV.

DEC.

2
9
16
23
30
6
13
20
27
4
1 1
18 K
25

90 DAY
CD’S

30-DAY
COMMERC1AL
PAPER

90-DAY
BANKERS’
ACCEPTANCES

CORPORATE
AM BONDS

CORPORATE
BM BONDS

MUNICIPAL
BONDS KX

7.80
8. 19
8.73
7.90
7.42
7.26
7.13
7. 18
7.26
7.61
7.75
7.98

7.45
7.52
7.86
7.26
6.95
6.78
6.72
6.79
6.75
7.28
7.77
8.26

7.62
8.04
8.59
7.73
7.26
7.05
6.94
7.06
7.14
7.41
7.64
7.76

10.34
10.48
10.73
10.68
10.25
10.08
9.97
9.97
10.01
10.06
10. 14
10.24

11.49
1 1 .61
11.78
11.77
11.35
11.28
11.18
11.22
11.22
11.23
11.30
1 1.41

8.53
8.66
9. 17
8.72
8.43
7.90
8.03
7.91
7.96
7.90
8. 10
N.A.

NOTE;
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.15 RELEASE.
* VERAGES OF RATES AVAILABLE
m 86ND 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
11.0 i—

TREASURY

PERCENT

LCURITIES

3TREAS

DISCOUNT RATE

3

17 31

OCT

14 28 12 26

NOV
1986

DEC

9 23

JAN

6 20

FEB

20

MAR

3

17

APR

1

15 20 12 26 10 24

MAY

JUN
JUL
1987

7 21

4

AUG

SEP

18

2

16 30 13 27

OCT

NOV

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. DECEMBER 18,

1987
OCT.

NOV.

DEC.

2
9
16
23
30
6
13
20
27
4
1 1
18 *
25

11

25

DEC
1987.

FEDERAL
FUNDS *X

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL XBKM

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

7.56
7.43
7.59
7.37
7.03
6.43
6.68
6.77
6.78
6.89
6.84
6.58

6.62
6.65
6.98
5.70
5. 17
5.62
5.78
5.78
5.72
5.41
5.86
5.91

6.83
6.96
7.34
7.21
5.98
6.24
6.24
6.33
6. 1 1
6. 12
6.42
6.45

7.30
7.50
7.70
6.72
6.30
6.42
6.49
6.54
6.56
6.55
6.74
6.74

9. 17
9.39
9.73
8.90
8.38
8.32
8.30
8.35
8.41
8.40
8.54
8.59

9.81
9.92
10.21
9.57
9. 14
9.02
9.00
9.05
9. 14
9.22
9.39
9.35

anSvSfBfi1',™ ■*» — ™ — —


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
COMMERCIAL BANK
SMALL TIME DEPOSITS i/
LARGE TIME DEPOSITS v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
410

-

—

BILLIONS

-

NOV.

2

377.1

-

_
DEC.

16
23
30
7

380.7
381.7
385.7
383.

11111

390

lSSZ

BILLIONS OF DOLLARS
410

390

1111

/»

-

/
5EP0S TS

M ill

1111

SMALL TIME

___ A

370

IIII

L u .i 1
1

350

!lll

1111 111 111 III! XU.
i 11
LATEST DATA PLOTTED WEEK ENDING: DECEMBER 7,

111

1111 -I XL

Mil

III XIX 1111 XLL

1987

BILLIONS OF DOLLARS

iaSL

BILLIONS OF DOLLARS
330

BILLIONS
325

321 .5
323.9
323.7

320

LARGE TIME DEPOSITS
322.8

315

310

305

300

295

290

6 20

3

OCT

NOV
1986

17

1

18 29 12 26

JAN

9 23

9 23

6 20

4

18

1

IS 29

IS 27

10 24

7 21

5 19

2

16 30

14 26

FEB

LATEST DATA PLOTTED WEEK ENDING* DECEMBER 7,

1987
1987

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
------------------- ----------- 895

895 --------- 1--------- ,--------

BILL I ON?
875.5
879.7
881.3
881 .8
891 .0
883.9

6 20

3 17

I

OCT

NOV

DEC

13 2B 12 26

JAN

9 23

FEB

B 23

MAR

6 20

4

APR

MAY

18

1

IS 28 13 27

JUN

1986

JUL

10 24

7 21

AUG

SEP

OCT

NOV

1987

LATEST DATA PLOTTED WEEK ENDING*. DECEMBER 7,

1987

TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING.
12/8/86
3/9/87
5/4/87
6/8/87
7/6/87 8/10/87
9/7/87 10/5/87
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
5/ 4/87
6/ 8/87
7/ 6/87
8/10/87
9/ 7/87
10/ 5/87
11/ 9/87
12/ 7/87

9.5
9.5
9.8
9. 1
8.4
8.0
8.9
9.6


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

10.0
10.4
9. 1
8. 1
7.5
8.8
9.8

10.5
8.4
7. 1
6.6
8.4
9.7

7.8
6.2
5.7
8.2
9.7

3.9
3.9
7.4
9.4

3.4
8.5
10.8

11.1
13.4

17.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
3.0 ------------- 1---------- 1-----1967

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

MILLIONS

TOTAL BORROWINGS

I I I I

I I I I
LATEST DATA PLOTTED WEEK ENDING. DECEMBER 16,

1987
BILLIONS OF DOLLARS
2.5

BILLIONS OF DOLLARS

1251

MILLIONS.
ADJUSTMENT + SEASONAL
BORROW INGS

I

15 20 12 28 10 24

7 21

4

JAN

FEB

18

4 IS

I

15 20

IS 27

MAY

10 24

8 22

5 19

2

16 SO 14 28

II

25

JUN

LATEST DATA PLOTTED WEEK ENDING. DECEMBER 16. 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

100

BILLIONS OF DOLLARS

------ 1----- 1--NOV.

4

DEC.

2

-------- ------

100

82,283
79,822
80,529

I 15 29 12 26 10 24
OCT
NOV
DEC
1986

7 21
JAN

4 18
FEB

4 18
MAR

I 15 29 13 27 10 24 8 22
APR
MAY
JUN
JUL
1987

LATEST DATA PLOTTED WEEK ENDING* DECEMBER 9,

5 19
AUG

2 16 30 14 28 11 25 9 23
SEP
OCT
NOV
DEC

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 WEEKS ENDING
DECEMBER 2, 1987 FROM
THE FOUR WEEKS ENDING:
SEP.
SEP.
AUG.
JUL.
JUN.
MAR.
DEC.

1

15 29 12 26 10 24

7 21
JAN

4 18
FEB

4 18
MAR

I

IS 29 13 27 10 24

LATEST DATA PLOTTED WEEK ENDING: DECEMBER 2,

8 22

5 19

30,
2,
5,
1,
3,
4,
3,

1987
1987
1967
1987
1987
1987
1986

7.9
9.1
6.6
0.7
-0.8
-2.7
3.7

OCT. 28

277,376
276,400
276,338
276,502

DEC.

276,676

2

1 1 I 1 I I I I I I I I I I
2 16 30 14 28 II 25 9 23

1987

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


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11