Full text of U.S. Financial Data : December 7, 1989
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V ’ 1 If RESEJ LIBRARY lancial Data Feda; | or St. Louis ___ Q ?cember 7, 1989 ^ DEC 1 11989 THE WEEK'S HIGHEIGHTS: is The composite index of leading indicators decreased 0.4 percent in October, primarily reflecting a shorter average workweek and an increase in initial state unemployment claims. The index rose 0.3 percent in September and 0.6 percent in August. ts Sales of new single-family houses fell 0.5 percen t in October. Th rough the first 10 months of 1989, new one-family home sales totaled 565,000, down 4.4 percent from the same period last year. s Construction spending in October rose 1 percent to a $420.1 billion annual rate, but was down at a 1.2 percent rate from December 1988. ts Productivity in the business sector (including farms) rose at a 1.8 percent annual rate in the third quarter and was up at a 1.4 percent rate from the fourth quarter of 1988. THE FEDERAL JRESERVE JO RAN K of nr si x m 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 BILLIONS OF DOLLARS 1969 SEP. OCT. NOV. 5 19 20 4 18 I 15 29 SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS BILLIONS 293.4 291.6 293.7 293.1 292.4 294.5 2 18 90 14 28 DEC 11 25 JAN 8 22 8 22 9 19 9 17 91 FEB 14 JUN 12 20 9 29 JUL LATEST PLOTTED RESERVE MAINTENANCE PERIOD EMJINGt NOVEMBER 29, 6 20 4 19 SEP OCT I 19 29 19 27 1989 THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF NANCIAL INSTITUTIONS AT FEDERAL RESERVE BANKS, CURRENCY IN CIRCULATION (CURRENCY HELD BY THE 1C AND IN THE VAULTS OF ALL DEPOSITORY INSTITUTIONS) AND AN ADJUSTMENT FOR RESERVE REUUII SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CRED 'TARY BASE IS AVAILABLE FROM THIS BANK. BANK. A DETAILED DESCRIPTION OF THE ADJUSTED I _______ LKTifcc885?ED Mf" RECENT DATA ARE PRELIMINARY. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF TWO MAINTENANCE PERIODS END 1 NGt 11/30/88 2/22/89 5/3/89 5/31/89 6/28/89 7/26/89 3.7 2.0 3.2 3.4 2.9 2.0 3.6 3.7 3. 1 2.9 3.2 2.6 8/23/89 10/4/89 TO THE AVERAGE OF TWO MAINTENANCE PERIODS END 1NGt 5/ 3/89 5/31/89 6/28/89 7/26/89 8/23/89 10/ 4/89 11/ 1/89 11Z29/89 3.6 3.0 2.9 3.2 2.7 3. 1 2.5 2.3 2.9 2.2 2.9 3.0 2.8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0.9 2.4 1.5 2.6 2.9 2.5 5.1 3.8 2.2 PREPARED BY FEDERAL RESERVE BANK OF ST. L0UI8 MONEY STOCK (Ml) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 785.4 790.8 792.9 3 17 31 14 2S 12 26 NOV 1988 8 23 DEC 0 20 6 20 3 17 FEB MAR APR I IS 28 12 26 10 24 7 21 4 18 AUG SEP 2 16 30 13 27 II 23 NOV DEC 1989 LATEST DATA PLOTTED WEEK ENDING* NOVEJCER 27, 1989 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 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, 1/28/88 2/27/89 4/24/89 AVERAGE OF FOUR WEEKS ENDING; 5/29/89 6/26/89 7/24/89 8/28/89 9/25/89 3.8 2.4 2.7 4.5 4.3 5.4 4.8 6.5 5.9 1.7 5.0 4.6 7.7 6.3 7.5 TO THE AVERAGE OF FOUR WEEKS ENDING; 4/24/89 5/29/89 6/26/89 7/24/89 8/28/89 9/25/89 10/30/89 11/27/S9 -1 . 1 -3.4 -3.5 -1.8 -1.5 -1.0 0.2 0.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -7. 1 -6.3 -3. 1 -2.4 -1.7 0.1 0.4 -8.7 -2.8 -1.9 -1 .0 1 .2 1.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY MULTIPLIERS CURRENCY COMPONENT OF MONEY STOCK 2/ RATIO 3.0 AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 3.0 --------- 1------- 1------- 1--------1989 RATIO SEP. OCT. 18 2 2.663 2.693 NOV 30 13 2.681 2.69 2.691 27 2.8 Ml Ml LTIPLI lR V 2.7 g_LLLL in, in Mil. -LLL -LLL J_LL ■i.l-LL -LLL 1 1 1 1 -LLL -LLL ..LI 1 1 3 17 31 14 28 12 26 8 23 OCT NOV DEC JAN 1988 6 20 6 20 FEB MAR 3 17 APR 1 15 20 12 26 10 24 MAY JUN JUL 1989 7 21 AUG 4 16 SEP 1 II xlJ 2 16 30 13 27 II 25 OCT NOV DEC LATEST DATA PLOTTED TWO WEEKS ENDINGt NOVEMBER 27, 1989 BILLIONS OF DOLLARS 226 1 1 ONS OF DOLLARS 226 1 COMPOUNDED ANNUAL RA1 ES OF CHANGE, AVERAGE OF THE FOUR *EEKS ENDING -__NOVEMBER 27. I960 FRCIM ___THE FOUR WEtKS ENDING « - 222 ~ _ SEP. AUG. JUL. JUN. MAY 25, 28 24, 26, 29, _ NOV 28, 218 1989 1989 1989 1989 1989 1988 2.1 3.5 3.1 3.0 3.5 _ 222 — S CURRE NCY 4.6 _ - 1S69 0C1 . a ILLIOINS 23 " 219.8 — NOV. Illll .LLL in. 1111 -LLL -LLL -LLL 3 17 31 14 26 12 26 0 23 6 20 6 20 8 17 OCT NOV DEC JAN FEB MAR APR 1988 111 -LLL 1 1 II 1 15 20 12 26 10 24 MAY JUN JUL 1989 i -LLL 7 21 AUG 6 13 20 27 i i i 1 i n i 219.7 219.5 220.1 _ 221.0 1 i i i 1 i i i1 2 16 30 IS 27 11 25 OCT NOV DEC LATEST DATA PLOTTED WEEK ENDINGt NOVEMBER 27, 1989 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 210 TOTAL CHECKABLE DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS OCT. 3 17 S) 23 561.4 558.6 561.4 558.5 563.3 564.5 14 28 12 M NOV 1988 BILLIONS OF DOLLARS 0 23 DEC 6 20 0 20 3 17 FEB MAR APR 1 13 29 12 26 10 24 7 21 4 18 AUG SEP 2 16 30 13 27 NOV II 25 DEC LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 27, 1989 TOTAL CHECKABLE DEPOSITS IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS. TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, 11/28/88 2/27/89 4/24/89 -11.1 -10.2 -5.7 -4.6 -3.8 -1.3 -0.9 -13.3 -5.2 -3.8 -2.8 0.3 0.7 AVERAGE OF FOUR WEEKS ENDING: 5/29/89 6/26/89 7/24/89 8/28/89 9/25/89 3.7 2.3 2.2 4.9 4.7 6.9 5.3 7.9 7.0 0.8 5.6 5.1 8.9 7.1 9.5 TO THE AVERAGE OF FOUR WEEKS ENDING: 4/24/89 5/29/89 6/26/89 7/24/89 8/28/89 9/25/89 10/30/89 11/27/89 -3.8 -6.7 -6.8 -4.3 -3.8 -3.3 -1.5 -1.2 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 PERCENT — 10.0 7 21 OCT 4 18 2 16 50 IS 27 10 24 10 24 NOV DEC JAN FEB MAR 1988 7 21 APR 5 10 MAY 2 10 SO 14 28 II 25 0 22 JUN JUL AUG SEP 1989 6 20 OCT 3 17 NOV I 15 29 DEC LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt DECEMBER 8, 1989. 1989 OCT. NOV. DEC. NOTEt 6 13 20 27 3 10 17 24 1 8 * 15 22 29 90 DAY CD-S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS* ACCEPTANCES CORPORATE Aaa BONDS CORPORATE Baa BONDS MUNICIPAL BONDS KK 8.91 8.63 8.42 8.49 8.53 8.48 8.36 8.32 8.27 8.23 8.90 8.69 8.51 8.55 8.63 8.53 8.43 8.40 8.42 8.52 8.70 8.40 8.30 8.32 8.34 8.29 8. 18 8. 12 8. 12 8.08 9.02 8.95 8.88 8.85 8.91 8.90 8.86 8.89 8.88 8.85 9.92 9.82 9.77 9.75 9.77 9.80 9.82 9.83 9.83 9.81 7.27 7.19 7. 19 7.22 7.24 7.20 7. 12 7.08 7.04 N.A. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE. *mAVERAGES OF RATES AVAILABLE 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 12.0 SELECTED INTEREST RATES AVERAGES OF DAILY RATES PERCENT PERCENT 11.0 10.0 TREASURY IRITIES DISCOUNT RATE 6.0 7 21 4 18 OCT NOV 1988 2 18 30 13 27 DEC JAN 10 24 10 24 FEB MAR 7 21 5 IB APR MAY 2 10 30 14 28 I JUN JUL 1989 AUO 8 22 SEP 0 20 OCT 3 IT NOV LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING) DECEMBER 8, 1989 OCT. 6 13 20 27 NOV. 3 10 17 24 DEC. 1 8 * 15 22 29 I 18 28 DEC 1989. FEDERAL FUNDS Mi 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL KMX 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 9. 18 8.93 8.76 8.72 8.80 8.69 8.46 8.46 8.51 8.52 7.76 7.66 7.50 7.60 7.77 7.74 7.67 7.60 7.63 7.58 7.92 7.60 7.42 7.50 7.62 7.49 7.51 7.40 7.45 7.30 7.76 7.46 7.33 7.28 7.35 7.35 7.21 7.13 7.21 7.19 8.21 7.95 7.92 7.83 7.86 7.87 7.79 7.75 7.77 7.72 8.27 8. 13 8. 1 1 8.02 8.01 8.00 7.99 7.99 8.00 7.98 NOTE) CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE EXCLUDING LONG-TERM TREASURY « AVERA^SU«ITRATESHAVAILABLE0MPUTED BY THIS BANK‘ TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS. «K SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN mm AUCTION AVERAGE (DISCOUNT) http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 MONEY STOCK ( M2 ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 3225 3177.0 3180.1 3189.3 3192.4 3200.7 3207.9 3175 3150 3125 3100 3075 3050 3050 3 17 91 14 28 12 26 0 23 NOV DEC JAN 6 20 6 20 3 17 I FEB MAR APR MAY 15 29 12 JUN 1988 10 24 7 21 4 18 JUL AUG SEP 2 16 30 13 27 OCT NOV 11 DEC 19 LATEST DATA PLOTTED WEEK ENDINGt NOVEMBER 27, 1969 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.fl RELEASE M2 IS THE SUM OF Ml. OVERNIGHT RPS ISSUED BY ALL COMCRCIAL BANKS, OVERNIGHT EURODOLLARS ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS, MONEY MARKET DEPOSIT ACCOUNTS, SAVINGS AND 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; 11/28/88 2/27/89 4/24/89 5/29/89 6/26/89 7/24/39 8/28/89 9/25/89 1.9 0.9 1 .6 2.7 3.4 3.8 4.2 4.6 0.4 1.8 3.5 4.4 4.8 5.3 5.6 0.9 4.0 5.2 5.6 6.0 6.4 8.7 8.6 8.3 8.2 8.3 9.6 8.9 8.7 8.7 8.0 8.0 8.2 7.8 8.1 8.3 TO THE AVERAGE OF FOUR WEEKS ENDINGt 4/24/89 5/29/89 6/26/89 7/24/89 8/28/89 9/25/89 10/30/89 11/27/89 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS T ALL DEPOSITORY INSTI TUT IONS TOTAL TIME DEPOSITS iy LARGE TIME DEPOSITS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED I COMPOUNDED ANNUAL RAT ES _ OF CHANGE, AVERAGE OF __ THE FOUR WEEKS ENDING _ NOVEMBER 27, 1989 FROM _ THE FOUR WEEKS ENDING "71 BILLIONS OF DOLLARS 2140 n TOTAL TIME DEPOSI TS - 2110 m i BILLIONS OF DOLLARS 2140 =---------- 1---------- 1---------- 1------------- t I 1111 SEP. 25, 1989 -0.3 AUG. 28, 1989 -0.6 JUL. 24, 1989 0.2 JUN. 26, 1989 0.8 MAY 29, 1989 1.7 FEB. 27, 1989 5.1 - - 1 n il] 1 2020 IT T j 1 0C1 . 111 111 II11 111 hi ILL 1111 l-l-L 11 1.1 25 2100.0 30 2099.5 6 2098.5 13 2101.0 20 2102.6 27 2099.9 ~ “ N0\ . “ — “ 1111111111111’ 111 JJJu 1990 1960 LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 27, BILLIONS OF DOLLARS 19fia BILLIONS OF DOLLARS BILLIONS OCT. 23 NOV. 6 LARGE TIME DEPOSITS 562.2 561 .0 550:< 556.6 I I I I S 17 91 14 28 12 26 NOV 9 23 DEC 6 20 • 20 9 17 FEB MAR APR 1 19 12 26 10 24 7 21 4 19 AUG SEP 2 16 90 13 27 II 25 NOV DEC LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 27. 1989 1/ TOTAL TI ME IS THE SUM OF SAVINGS DEPOSITS, SMALL TlfcC DEPOSITS AND LARGE TIME DEPOSITS. 2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 9100,000 OR MORE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BAM< OF ST. LOUIS 9 10 BORROWINGS FROM FEDERAL RESERVE BANKS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS 5.5 r;-------- 1------------- 1-----1989 BILLIONS OF DOLLARS ------ ------------- -------- Z2 5.5 MILLIONS TOTAL BORROWINGS LATEST DATA PLOTTED WEEK ENDINGi DECEMBER 6, 1989 BILLIONS OF DOLLARS BILLIONS OF DOLLARS ADJUSTMENT + SEASONAL BORROWINGS 5 10 2 18 30 14 28 II DEC JAN 25 8 22 8 22 5 10 3 17 31 FEB 14 28 12 JUN JUL 0 23 8 20 4 SEP OCT 18 LATEST DATA PLOTTED WEEK ENDING* DECEMBER 6, 1989 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS COMMERCIAL PAPER OF NONFINANCIAL COMPANIES BILLIONS OF DOLLARS MO c------- 1------------- i-----Z NOT SEASONALLY ADJUSTED ILL IONS OF DOLLARS —1------------- -------- zj MO IBM OCT. 25 NOV. I 131,302 3 19 2 IS SO 14 28 II 25 DEC JAN 8 22 5 22 5 19 3 17 31 FEB 14 28 12 26 JUN 9 23 JUL 6 20 4 18 SEP OCT 15 29 13 27 LATEST DATA PLOTTED HCEK ENDING* NOVEMBER 29, 1989 * DASHED LINE REPRESENTS DATA USING AN OLD REPORTING PANEL AW) IS NOT COMPARABLE TO CURRENT DATA. BUSINESS LOANS u ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BILLIONS OF DOLLARS ~ - BILLIONS OF DOLLARS 330 COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF THE FOUR WEEKS ENDING NOVEMBER 22, 1989 FROMTHE FOUR WEEKS ENDING* ~ SEP. 20, - AUG. 23, ~ JUL. 19, - JUN. 21, - MAY 24, ™ — _ NOV. 23, 1989 1989 1989 1989 1989 ------I -2.6 -1.5 4.0“ 3.9 4.1 5.3 5.3 _ 310 MILLIONS OCT. 18 321,392 302 320,569 321,099 5 19 2 16 30 14 28 II 25 DEC JAN 8 22 8 22 5 19 3 17 31 FEB 4 28 12 26 JUN 9 23 JUL imjXUJJXLLUX 6 20 4 18 13 29 13 27 SEP OCT LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 22. 1989 1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL 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 DOLLAR'S TRADE-WEIGHTED EXCHANGE INDEX AVERAGES OF DAILY FIGURES 1973-100 1973-100 98.0 98.5 96.4 5 10 2 18 SO 14 28 II 25 8 22 DEC JAN FEB 1988 8 22 5 10 LATEST DATA PLOTTED KEEK ENDING: DECEMBER 6, NOTE: S 17 SI 14 JUN 12 28 JUL 0 23 8 20 4 18 SEP OCT I 18 29 IS 27 1989 CURRENT DATA APPEAR IN THE BOARD OF GOVERNOR’S H.10 RELEASE. DATA ARE WEIGHTED AVERAGES OF THE FOREIGN-CURRENCY PRICE OF THE U.S. DOLLAR, COMPUTED USING 10 INDUSTRIAL COUNTRY CURRENCIES. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS