Full text of U.S. Financial Data : December 4, 1986

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l/

RESEARCH LIBRARY
Federal Reserve Sank

^OJS^-EiJnancial Data

Dtu 0 8 1986

December 4, 1986
The Monetary Control Act of 1980 widened the coverage of the Federal
Reserve System’s Regulation D—Reserve Requirements—from member
commercial banks to all depository institutions. Reserve requirements are also
considerably simpler under the act than under prior law. During 1986, a
depository institution’s net transaction account liabilities up to $31.7 million
are subject to a 3 percent reserve requirement; those over this amount are subject
to a 12 percent reserve requirement. The act mandates that the deposit interval
to which the 3 percent reserve requirement applies shall be adjusted each year.
The adjustment must be 80 percent of the percentage increase in total transaction
accounts at all depository institutions during the year ending June 30.
The Federal Reserve Board, in accordance with the Monetary Control Act,
has announced the reserve requirement deposit intervals for next year. Effective
December 30, 1986, the 3 percent reserve requirement will apply to net
transaction liabilities of $36.7 million or less; balances above this amount will
be subject to the 12 percent reserve requirement. The 3 percent reserve range
is an increase of $5 million over the $31.7 million that applies currently. As
a result, on December 30, required reserves will decline by $450,000 for each
depository institution with net transaction accounts of $36.7 million or more.
—Mack Ott

RESERVE
HANK of

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
256
254

_

SEP.

24

247.8
252

250.3
252.0

252.1
255.0

— DEC.

250
248
246
244
242
240
238
236
234
232

0 23

6 20

4 18

NOV

DEC

1

15 29 12 26 12 20

FEB

9 23

MAR

T 21

4 18

2 16 30 13 27 10 24

MAY

JUN

AUG

8 22

5 19

3 17 31

SEP

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING: DECEMBER 3. 1986
THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS^ FINANCIAL INSTI TUT IONS 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 ENDINGt
12/4/85

2/26/86

5/7/86

6/4/86

7/2/86

7/30/86

8/27/86

10/8/86

7.2
8.2
7.9
8.2
7.8
7.5
8. 1
8.5

8.2
7.7
8. 1
7.6
7.3
8.0
8.5

9.8
9.9
8.6
7.8
8.8
9.4

8.0
6.9
6.5
8.0
8.7

7.4
6.7
8.4
9.2

5.4
7.9
9.1

9.2
10.3

13.8

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDINGt
5/ 7/86
6/ 4/86
7/ 2/86
7/30/86
8/27/86
10/ 8/86
11/ 5/88
12/ 3/86


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS of dollars

702.2
703.8
703.4
713.3
712.4
711.6

4

OCT

18

2 16 30 13 27

NOV

JAN

10 24 10 24

FEB

7 21

5 19

APR

MAY

2 18 SO 14 28 II

JUL

25

8 22

AUG

8 20

S 17

OCT

NOV

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 24, 1986
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.B RELEASE.
Ml IS THE SUM OF CURRENCY HELD BY THE NONBANK PUBLIC, DEMAND DEPOSITS, OTHER CHECKABLE
DEPOSITS AND TRAVELERS CHECKS.

MONEY STOCK ( Ml )
COMPOUNDED ANNUAL RATES OF CHANGE

AVERAGE OF FOUR WEEKS ENDING:

11/25/85

2/24/86

4/21/86

5/26/86

6/23/86

7/21/86

8/25/86

9/22/86

10. 1
13.0
13.7
13.7
14.6
14.7
14.5
14.8

18.5
18.5
17.6
18.1
17.9
17.1
17.2

22.5
19.8
19.9
19.3
18.0
18. 1

16.2
17.8
17.5
16.3
16.6

17.4
17.2
15.7
16.3

18.6
16.3
16.8

14. 1
15.5

15.0

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/21/86
5/26/86
6/23/86
7/21/86
8/25/86
9/22/86
10/27/86
11/24/S6


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 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
1986
iP.
:T.
NOV.

RATIO
2.9

RATIO

8
22
8
20
3
17

2.784
2.784
2.787
2.794
2.793
2.828

Ml MULTIPLIER

2.6

7 21

4 18

2 16 30 13 27 10 24 10 24

NOV
1985

DEC

JAN

FEB

MAR

7 21

5 19

APR

MAY

2 18 30 14 28 II 28

JUN
JUL
1986

AUG

8 22

SEP

6 20

3 17

I

OCT

NOV

DEC

IB 29

LATEST DATA PLOTTED TWO WEEKS ENDING: NOVEMBER 17, 1986
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
184

COMPOUNDED ANNUAL RATES
___OF CHANGE. AVERAGE OF
the four Weeks ending
- NOVEMBER 24, 1986 FROM
THE FOUR WEEKS ENDING:
SEP. 22,
AUG. 25,
JUL. 21,
—JUN. 23,
_ MAY 26,
FEB. 24
NOV. 25

-

986
986
986
986
986

182
180

8.0
7.1
7.9
7.2
7.2

178

CURRENCY

176
174
172

.1.986

BILLIONS

OCT. 20

181.4
181.8
181.3
181.9
182.1
182.3
111 i 1111111111111
4 18

OCT

NOV

2 IB 90 19 27 10 24 10 24

JAN

FEB

7 21

5 19

APR

MAY

2 IB 90 14 28 II 28

JUL

AUG

8

15 29

OCT

NOV

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 24, 1986
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 BAM< OF ST. LOUIS

TOTAL CHECKABLE DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
540 =-------1--------- ,--------

15fifi.
OCT.

20

NOV

4 IS

NOV
1985

BILLIONS OF DOLLARS
----- -------------------- 3 540

BULLIONS
5] 4.3
515.7
525.0
523.7
522.9

2 16 30 15 27 10 24 10 24

DEC

JAN

FEB

MAR

7 21

5 19

APR

MAY

2 16 30 14 28 1

JUN
JUL
1986

25

AUG

8 22

SEP

6 20

3 17

OCT

NOV

DEC

LATEST DATA PLOTTED WEEK ENDINGt NOVEMBER 24, 1986
DEPOSITORY*^?ITUT°ONSS 'S THE SUM °F DEUAN0 DEP0SITS *» OTHER CHECKABLE DEPOSITS AT ALL

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING:
2/24/86 4/21/86 5/26/86 6/23/86 7/21/86 8/25/86 9/22/86

11/25/85
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/21/86
5/26/86
6/23/86
7/21/86
8/25/86
9/22/86
10/27/86
11Z24/86

1 1.4
15.2
16.3
16.4
17.4
17.7
17.2
17.7


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

23.3
23.3
22. 1
22.5
22.3
21 .0
21.2

28.6
25.0
24.8
24. 1
22.0
22.2

20.3
21 .8
21.6
19.6
20.2

21.1
21.1
18.8
19.7

22.8
19.2
20.2

16.5
18.7

17.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

12.0

CORP<

0.0
PRIME BANK
LOAN RATE

MUNIC

a.o

7.0

6.0

4 18

I

15 20 13 27 10 24

7 21

7 21

4 18

FEB

MAR

APR

2 16 50 13 27 II 25

JUN

8 22

5 10

S 17 31

14 28 IS 28

NOV

JUL

DEC

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGi DECEMBER 5, 1086.

1986
OCT.

3
10
17
24
31
NOV.
7
14
21
28
DEC.
5 *
12
19
26

90 DAY
CD’S

30-DAY
COMMERC1AL
PAPER

00-DAY
BANKERS*
ACCEPTANCES

CORPORATE
AAA BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS XX

5.77
5.59
5.69
5.78
5.68
5.69
5.81
5.80
5.76
5.84

5.83
5.67
5.73
5.78
5.74
5.77
5.83
5.87
5.88
6.02

5.66
5.45
5.62
5.69
5.60
5.61
5.73
5.71
5.72
5.76

8.90
8.86
8.88
8.89
8.80
8.73
8.77
8.65
8.55
8.55

10.23
10.24
10.25
10.26
10. 19
10.09
10. 12
10.04
9.99
10.00

7.19
7.06
7.08
7.11
6.94
6.94
6.92
6.78
6.74
N. A.

NOTE. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE.
X AVERAGES OF RATES AVAILABLE
« BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL 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 r—

PERCENT

—i 11.0

5-YEAR
TREASURY SECURITIES

DISCOUNT RATE

TREASUf

4 18

1 15 28 19 27 10 24

7 21
FEB

7 21
MAR

4 18
APR

BILL

2 18 30 13 27 11 25
JUN JUL

1.1 J I

8 22

5 10

3 17 31

14 28 12 26
NOV DEC

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINQt DECEMBER 5, 1086.

FEDERAL
FUNDS ttft
OCT.

3

10

17
24
31
NOV.
7
14
21
28
DEC.
5 *
12
10
26

NOTE*

tWy

TREASURY

BILL

BILL KKK

1-YEAR
TREASURY
BILL

5.19
5.05
5.20
5.29
5. 19
5.26
5.41
5.36
5.39
5.41

5.37
5.13
5.22
5.39
5.21
5.30
5.54
5.44
5.39
5.46

5.47
5.27
5.41
5.49
5.43
5.45
5.56
5.47
5.45
5.47

6.08
5.75
5.83
5.91
5.86

6.02

5.98
6.13

6.00

6.25

CURRENT DATA APPEAR IN THE

MW?

treaIury

LONG-TERM

SECURITIES

SECURmES

6.93
6.72

8.05
7.99
8.18
8.16
7.98
7.88
7.95
7.75
7.72
7.66

6.88
6.92
6.80
6.76
6.85
6.75

6.66
6.65

m&TOm

SECURITIES W-------------------■
Mlecwi
M AVERAGES OF RATES

** SEVEN-DAY AVERAGES
S FOR WEEK El
ENDING TWO DAYS EARLIER THAN OATE SHOWN
----- AUCTION AVERAGE (I
(DISCOUNT )


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

PREPARED BY FEDERAL RESERVE BAN< OF ST. LOUIS

7

8
COMMERCIAL BANK
SMALL TIME DEPOSITS^
LARGE TIME DEPOSITS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

LLIONS of DOLLARS

1986
_

OCT.

20

— NOV.

BILLIONS OF dollars

BILLIONS
367. 4
365.3
364.2
363.8
SMALL TIME DEPOSITS

LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 24, 1986
BILLIONS OF DOLLARS

_

OCT.

20

— NOV.

BILLIONS OF DOLLARS

278.2
279.7
281.1
282.6
281 .7
281.5

LARGE TIME DEPOSITS

4 18

OCT

NOV

2 16 30 13 27 10 24 10 24

JAN

FEB

7 21

3 19

2 16 30 14 28 11 25

APR

MAY

JUL

AUG

8 22

6 20

3 17

OCT

NOV

1

15 29

LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 24, 1986
1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000
2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 6100,000 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
815 ~— -----------1-------billions

1986

- OCT.
- NOV.
-

20

27
3

10
17
24

-

791 .5
793. 1
794.2
796. 1
796.2
796.6

1111

I

BILLIONS OF DOLLARS
815

-L i u

/L \

800

1111

=

-

\

\

1

r

v\

/

r'

/* ----- -

795

j~

V
790

1

i

i i i

u

2

780

rm
111 111L 111

111 li 1 i

111 111

1111

7 21

5 10

2 16 90 14 28 11 25

NOV
1985

FEB

APR

MAY

DEC

JAN

MAR

JUN

111 ■1.1.1 1.111

JUL
1986

AUG

lLLL

8 22

SEP

6 20

in nil
1

OCT

15 20

DEC

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 24, 1986
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:
1/25/85

2/24/86

4/21/86

5/26/86

-6.2
-4. 1
-2.8
-1.9
-2.3
-1.3

-2.0
-1.0
-0.2
-1.1
-0.1

6/23/86

7/21/86

8/25/86

9/22/86

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/21/86
5/26/86
6/23/86
7/21/86
8/25/86
9/22/86
10/27/86
11/24/86

6. 1
3.3
2.2
2. 1
1.9
1 .9
1.3
1.6


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

-4.3
-4.5
-3.5
-2.7
-2.0
-2.3
-1.5

0.7
1.2
-0.3
0.8

1.4
-0.6
0.8

-1.2
0.8

0.1

PREPARED BY FEDERAL RESERVE BANK OF ST.

9

LOUIS

10

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

6.0

BILLIONS OF DOLLARS

---1----- 1------

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

1986
OCT.
NOV.
TOTAL BORROWINGS

DEC.

6.0

MILLIONS
29
5
12
19
26
3

715
1082
518
1103
639
581

LATEST DATA PLOTTED WEEK ENDINGt DECEMBER 3, 1986
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
lfififi
OCT.
NOV.

29
5

MILLIONS
182
663

ADJUSTMENT + SEASONAL
BORROWINGS

2 16 30 13 27 II 25

NOV

8 22

DEC

5 19

5 19

FEB

MAR

2 16 30 M 26 II 2S

9 23

6 20

3 17

I

15 29 12 26 10 24

LATEST DATA PLOTTED WEEK ENDINGt DECEMBER 3. 1986
1/ 63.767 FOR 11/27/85


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

BILLIONS OF DOLLARS
----- ---------------------- 95

95 ----------- ,---------,----MILLIONS
OCT. 22
_ NOV.

5

87,349
86,376
86,360
86,849
85,28t
83,264

2 16 SO 13 27 11 25
NOV DEC

8 22

5 10
FEB

8 10
MAR

2 16 SO 14 28 II 25
MAY
JUN

0 23

6 20
AUG

S 17
SEP

1 15 20 12 26 10 24

LATEST DATA PLOTTED WEEK ENDINGt NOVEMBER 26, 1986

BUSINESS LOANS v

(COMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS ^
SfcASUNALLY ADJUSTED

BILLIONS OF DOLLARS
266 ------------,--------- 1-----

IONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
i
i wo
rnui
THE FOUR WEEKS
ENDING:
SEP.
AUG.
“ JUL.
JUN.
MAY
— FEB.
NOV.

17,
20,
16,
18,
21
19,
20,

1985

MILLIONS
OCT. 15

I I I I
2 16 SO 13 27 11
NOV DEC

8 22

5 10
FEB

5 10
MAR

2 16 SO 14 26 II
MAY JUN

0 23

6 20
AUG

260,277

-LI.LI 1 I I I 1 1 I I I I I I I
3 17
SEP

1 15 20 12 26 10 24

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 19, 1986
1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND C0M4ERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 81.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11