Full text of U.S. Financial Data : December 2, 1983
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U. S. Financial Data Federal Reserve Bank of St. Louis LI December 2,1983 RARY DEI; 6 1983 During periods of strong business loan demand, such as the period from November 1981 to October 1982, banks seek additional loanable funds by expanding their large time deposits. Conversely, when business loan demand slackens, as in the eight months beginning October 1982, large time deposit growth slows, and banks shift their portfolios toward other assets such as government securities. This relationship has been affected during the last year by the growth of money market deposit accounts (MMDAs). From October 1982 through May 1983, the sharp decline in large time deposits reflects both the decline in business loan demand and, since December, a shift of funds from these deposits into the new MMDAs. Since May, business loan growth at all commercial banks has recovered, primarily reflecting loan growth at banks other than large weekly reporters (business loans at these banks show little change—see page 11). The decline of large time deposits over this recent period has slowed due to the rise in business loan growth and the slowing of MMDA growth. Large time deposits have not risen, however, as might be expected given the increase in business loan demand. This probably is due to the growth of other time deposits over this period, another source of loanable funds. —Mack Ott Growth Patterns of Large Time Deposits and Business Loans!/ Period 11/81 -10/82 10/82 - 5/83 5/83 -10/83 Large time deposits 2/ 12.1% -28.3 -2.4 Business loans 14.1% 0.8 7.1 - 1/ All commercial banks. 2/ Denominations of $100,000 or more. Views expressed do not necessarily reflect official positions of this Bank or 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 202 --------,-------- 1------ iaaa OCT. NOV. b.i.lli.qms 26 ‘ 198.2 199. I 199.4 199.2 199.5 I NOV 1982 --------- ----- 13 29 DEC 12 26 JAN 9 23 FEB 9 23 MAR 6 20 APR 4 18 MAY LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 30, JUN JUL 1963 AUG SEP OCT NOV DEC 1983 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 12/1/82 3/2/83 4/27/83 6/1/83 AVERAGE OF FOUR WEEKS ENDING: 6/29/83 7/27/83 8/31/83 9/28/83 4.2 4.6 5.4 5.7 5.4 6.2 6.3 6.7 6.7 7.3 TO THE AVERAGE OF FOUR WEEKS ENDING: 4/27/83 6/ 1/83 6/29/83 7/27/83 8/31/83 9/28/83 11/ 2/83 11/30/83 12.5 12.2 12.0 10.8 10. 1 9.7 9.5 9.3 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11.1 10.9 9.3 8.6 8. 1 8. 1 7.9 10.7 8.2 7.4 7. 1 7.2 7. 1 6.6 6. 1 6.0 6.4 6.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 202 ADJUSTED RESERVES AVERAGES OF DAILY FIGURES 5tA5UNALLY ADJUSTED ILL IONS OF DOLLARS BILLIONS OF DOLLARS BILLIONS 53.5 54.0 10 24 JAN FEB 7 21 S 10 SEP OCT 2 IB 30 14 LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 23, 1983 BANkFpLUs'cURRENCY*^ iTHEfftSimSB CURRENCYHELD' ^T^NOnIank ADJUSTED RESERVES COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: M/24/82 2/23/83 4/20/83 5/25/83 6/22/83 7/20/83 8/24/83 9/21/83 TO THE AVERAGE OF FOUR WEEKS ENDING: 4/20/83 5/25/83 6/22/83 7/20/83 8/24/83 9/21/83 10/26/83 11/23/83 15.9 13. 1 14.2 12. 1 10.4 9.2 8.0 6.9 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 12.0 14. 1 10.8 8.6 7. 1 5.8 4.6 10. 1 6. 1 4.4 3. 1 2.2 1.3 8.8 5.3 3.5 2.2 1.1 “I . 1 -1.5 -1.6 -2.2 -1.1 -1.4 -2.1 -2.1 -2.9 -3.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY STOCK ( Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 530 rz--------1---------- 1-------- BILLIONS OF DOLLARS ------------------- -------- Z2 530 ILL IONS OCT. 517.5 518.2 515.6 518.2 517.7 519.3 19 Mil I I I I 0 20 OCT 3 17 I 15 29 12 20 JAN NOV 0 23 9 23 FEB 0 20 4 18 APR MAY I 15 29 13 27 10 24 7 21 5 10 SEP OCT 2 IS 30 14 1983 LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 23, 1983 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.B RELEASE. MTuSl^eMnW K&1 BYF>FORE?Sf^NKSLAMMJFFKJAL flSffftflCNSI othercheckabue deposits of all depository INSTITUTIONS PLUS TRAVELERS' checks. MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDING: 1/24/82 2/23/83 4/20/83 5/25/83 6/22/83 7/20/83 8/24/83 9/21/83 12.8 14.4 14.4 13.2 12.5 11.1 10.3 9.4 13.6 13.9 12. 1 1 1 .2 9.4 8.6 7.5 18.4 14.0 12. 1 9.5 8.5 7.2 9.6 8.8 6.2 5.7 4.6 6.3 3.7 3.8 2.9 3.3 3.6 2.5 1.5 0.6 1 .7 TO THE AVERAGE OF FOUR WEEKS ENDING. 4/20/83 5/25/83 6/22/83 7/20/83 8/24/83 9/21/83 10/26/83 11/23/83 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY MULTIPLIER^ CURRENCY COMPONENT OF MONEY STOCK 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED 1983 OCT. NOV. RATIO 19 2 2-614 2:60? Ml MULTIPLIER LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 23, BILLIONS OF DOLLARS 148 1 1 146 144 BILLIONS OF DOLLARS 148 1 COMPOUNDED ANNUAL RiKTES — OF CHANGE, AVERAGE THE FOUR WEEKS END 1 ~ NOVEMBER 23, 1983 F TOM — THE FOUR WEfeKS END 1 MG-. - 142 1983 SEP. AUG. —JUL. _ JUN. MAY 140 _ NO V! 21, 24, 20. 22, 25, 24 | 1983 1983 1983 1983 1983 1982 10.1 10.. 9.. 8. 8. - MB - 144 - 142 CURRE NCY - 140 10. - - - - - 134 134 13SiBILLIONS - OCT . 132 NOV . 130 sm 111 11 ii 111 DEC JAN 6 20 OCT NOV 1982 111 1111 0 23 0 23 MAR FEB 111 jj i 6 20 4 IS APR 1111 MAY I 111 IS 20 13 27 JUN JUL 1983 1111 19 26 2 9 16 23 _lllJ1 i i i 10 24 7 21 S 10 AUG SEP OCT 144.1 144.5 144.7 145.1 145.1 145.6 — “ __ 1i i i i 1 i i i1 2 16 SO 14 28 NOV DEC LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 23, 1983 1/ RATIO OF MOMEY 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 5 132 ISO 0 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY percent 15.0 13.0 13.0 CORPORATE Aaa BONDS 11.0 PRIME BANK LOAN RATE MUNICIPAL BONDS 10.0 9.0 90 DAY I I I I 1 15 29 12 26 10 24 5 7 21 JAN FEB MAR 29 13 27 MAY 10 24 8 22 5 19 2 16 30 14 OCT JUN 28 II 25 1 1 11 9 23 NOV LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. DECEMBER 2, 1983 1983 OCT. NOV. DEC. 7 14 21 28 4 1 1 18 25 2 X 9 16 23 30 90 DAY CD’S 30-DAY COMMERC1AL PAPER 90-DAY BANKERS' ACCEPTANCES CORPORATE Aaa bonds CORPORATE BAA BONDS MUNICIPAL BONDS WK 9. 13 9.22 9.13 9.25 9.29 9.41 9.41 9.34 9.32 9.01 9.09 8.98 9.04 9.06 9. 16 9. 14 9.06 9.04 9.02 9.13 9.00 9. 1 1 9.13 9.22 9.25 9. 19 9. 19 12.20 12.22 12.21 12.34 12.42 12.47 12.42 12.36 12.36 13.44 13.42 13.42 13.52 13.58 13.63 13.64 13.59 13.62 9.49 9.67 9.68 9.81 9.79 9.75 9.70 9.74 N. A. X AVERAGES OF RATES AVAILABLE. XX 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 ENDED FRIDAY PERCENT 14.0 r- PERCENT 5-YEAR TREASURY SECURITIES FEDERAL FUNDS RATE DISCOUNT RATE 3-MONTH TREASURY B 1 15 28 12 OCT NOV 1982 10 24 7 21 4 18 4 DEC JAN FEB MAR 18 I 15 20 13 27 APR MAY 10 24 JUN 8 22 JUL 1983 5 10 AUG 2 IS 30 14 28 II SEP OCT 25 NOV 0 23 DEC LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: DECEMBER 2, 1983 1983 OCT. 7 14 21 28 NOV. 4 1 1 18 25 DEC. 2 * 9 16 23 30 FEDERAL FUNDS MK 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL MW 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 10.00 9.46 9.36 9.36 9.40 9.36 9.42 9.26 9.27 8.62 8.79 8.53 8.66 8.58 8.77 8.81 8.79 8.87 8.92 8.97 8.79 8,91 8.68 9.02 8.91 8.96 9.05 8.93 9. 10 8.89 9.02 9.05 9.09 9.08 9.07 9. 13 11.15 11.36 11.20 11.39 11.42 11.50 11.42 11.35 11.36 11.37 11.62 11.50 11.69 11.74 11.79 11.69 11.59 11.59 * AVERAGES OF RATES AVAILABLE. ** siyiN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN. &£R?£I„2AJ*t£PPEAR ,N THE B0ARD ^ GOVERNORS1 H.15 RELEASE. MW NEW ISSUE RATE cwuted by the feoebal reserve BANK OF ST. LOUIS. Mrwsfflfcssrm*" http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 TOTAL CHECKABLE DEPOSITS^ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS iSfii OCT. BILLIONS OF DOLLARS 3S0 BILLIONS 19 375 368.6 368.9 368.3 370 36S 360 355 350 345 340 335 330 0 20 3 OCT NOV 1982 17 1 13 29 12 26 JAN 9 23 9 23 6 20 4 18 I 7 21 9 19 SEP OCT 19 29 13 27 10 24 FEB 2 16 30 M 21 1983 LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 23, 1983 1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 11/24/82 2/23/83 4/20/83 5/25/83 6/22/83 7/20/83 8/24/83 9/21/83 13.4 15.6 15.7 14.4 13.5 11.5 10.5 9. 1 14.0 14.5 12.7 11 .7 9. 1 8. 1 6.6 21 .0 15.9 13.6 9.7 8.2 6.3 10.5 9.5 5.5 4.7 3.0 6.6 2.4 2.3 0.8 1.3 1.5 -0.2 -1.9 -3.1 -1 .6 TO THE AVERAGE OF FOUR WEEKS ENDING; 4/20/83 5/25/83 6/22/83 7/20/83 8/24/83 9/21/83 10/26/83 11Z23/83 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS TOTAL TIME DEPOSITS!/ ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 840 BILLIONS OF DOLLARS =r lSfii OCT. OCT NOV 1982 JAN FEB APR 19 BILLIONS 703.3 705.5 707.7 713.4 71 1.0 711.3 MAY LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 23. 1983 1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS MMDAs, MMMFs and SUPER NOWs (billions of dollars, not seasonally adjusted) MMDAs 1/ October November 12 19 26 2 9 16 23 MMMFs 2/ $368.6 366.6 366.1 366.4 368.3 369.1 369.5 $177.3 177.6 178.4 178.7 179.8 179.7 179.1 SUPER NOWs 3/ $35.9 35.8 35.4 35.9 36.8 36.8 36.4 1/ Money market deposit accounts at all depository institutions, effective 12/14/82. 2/ Total money market mutual fund balances. T/ NOW accounts at all depository institutions, requiring a $2,500 minimum balance and eligible to earn more than 5.25 percent, effective 1/5/83. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 10 SMALL TIME DEPOSITS^ COMMERCIAL BANK SAVINGS DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 460 450 iSfii =- BILLIONS OF DOLLARS 460 = 450 = 440 E 430 1 420 E 410 1 400 E 390 BILLIONS 440 430 420 410 E— NOV. 22 9 23 E 347:; 348.1 350. 1 400 390 380 370 360 350 340 330 320 310 300 0 1 380 i 370 V = 360 \ E SMALL TIME 1 MEPOSI TS | 350 i 340 330 E 320 = 310 E “111 300 XII XI 1 1 11.1. 1111 XI LI in Mil 111 1 1 1 1 1 1 1 -III III XLLL XLL LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 23, 1983 BILLIONS OF DOLLARS 1983 OCT. NOV. 19 26 2 0 BILLIONS OF DOLLARS 190 BILLIONS 135.7 135.2 35.4 135.2 135.1 175 170 165 160 155 SAVINGS DEPOSITS 150 145 140 135 130 6 20 3 17 OCT NOV MS 29 12 26 JAN 0 23 FEB 0 23 6 20 4 18 APR MAY LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 23, I 15 29 IS 27 10 24 0 7 2| SEP OCT 1983 1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN $100,000. 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 4.5 r—--------,---------- ,-------1983 OCT. 26 NOV. 2 9 16 23 30 0 20 OCT BILLIONS OF DOLLARS ------------------- -------- =1 4-5 MILLIONS 3 17 NOV 568 445 1043 1024 815 880 IS 29 12 26 9 23 JAN FEB 9 23 6 20 APR 4 18 MAY I IS 29 13 27 10 24 SEP 5 19 OCT 2 16 30 14 28 1983 LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 30. 1983 BUSINESS LOANS u ( COMMERCIAL AND INDUSTR IAL ) WEEKLY REPORTiNG LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS 236 l BILLIONS OF DOLLARS 236 1 i—11 0.8 -1.0 1.0 0.5 1.7 - NOV ! 24* 1982 o.'o 1 IN I 1983 1983 1983 1983 1983 rrrr 21, 24, 20, 22, 25, n il SEP. AUG. JUL. JUN. MAY /■" 2 - 198. n il •T 111 OCT 111 NOV 1982 1111 DEC 111 111 12 26 JAN FEB 1111 111 MAR APR 111 4 18 MAY LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 23. 1111 in l. 1 1 1 A 216 I-LJ 1 “ — “ ” - 1 _ COMPOUNDED ANNUAL RA TES _ OF CHANGE, AVERAGE 0 FG _ THE FOUR WEEKS END IN _ NOVEMBER 23. 1983 FR OM _ THE FOUR WEEKS END ING: Ml LUON5 “ OCT. 19 26 NOV. 2 215,020 214,576 ~ 215,098 _ 16 23 215,667 215,427 _ - i ii i -ii i i.i .......................; 1 15 29 13 27 10 24 JUN JUL AUG 1983 7 21 SEP 2 16 SO 14 28 NOV DEC 1983 1/ BUSINESS LOANS INCLUDE BANKERS* ACCEPTANCES AM) COMMERCIAL PAPER. 2/ BANKS WITH DOMESTIC ASSETS OF 8750 MILLION OR MORE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 12 LARGE TIME DEPOSITS ALL COMMERCIAL BANKS BILLIONS of DOLLARS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED billions of dollars 19 226.6 P.O. Box 442 OCT. St. Louis, Missouri 63166 OCT NOV IS 29 12 26 9 25 JAN FEB 9 23 B 20 4 19 LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 23, INI I IS 29 19 27 10 24 7 21 SEP OCT 1083 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. TIME DEPOSITS ISSUED IN DENOMINATIONS OF 9100,000 OR MORE. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BA** OF ST. LOUIS