Full text of U.S. Financial Data : February 2, 1989
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RESEARCH LIBRARY Tfidfirai Reserve 4U&.- Fii lancial Data i FEB 0 7 1989 February 2, 1989 THE WEEK'S HIGHLIGHTS: is The composite index of leading indicators increased 0.6 percent in December, following a 0.2 percent decrease in November and a 0.5 percent increase in October. is Personal income in December increased 0.9 percent, following a decline in November. For all of 1988, personal income rose 6.8 percent, down from 8.7 percent in 1987. Personal income figures are not adjusted for inflation. v* Gross national product, adjusted for inflation, expanded at an annual rate of 2 percent in the fourth quarter, compared with a 2.5 percent rate of increase in the previous quarter. For 1988, gross national product grew 2.7 percent, after growing 5 percent in 1987. ts Prices, as measured by the GNP-based implicit price deflator, rose at a 4.7 percent rate in the fourth quarter, the same as in the third quarter. For 1988, prices rose 4.1 percent, up from a 3.1 percent increase in 1987. the FEDERAL A RESERVE JA ILVNKof st.unis 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 288 ------------- .---------- 1------ 1M NOV. 2 16 SO DEC 1967 16 BILLIONS 285.0 285.7 284.9 284.9 288.5 290.7 19 27 10 24 JAN BILLIONS OF DOLLARS -------- ---------------------- 298 FEB 0 29 MAR 6 20 4 APR MAY 18 1 19 20 19 27 10 24 JUN JUL 1986 AUG 7 21 5 10 SEP OCT LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING? JANUARY 25, 2 16 90 14 28 11 25 NOV DEC 6 22 JAN FEB 1989 1989 THE ADJUSTED MONETARY BASE IS THE SUM OF(CURRENCY HEUMJyShE FINANCIAL RESERVE .JAWS. CURRENCY IN CIRCULATION PUBLIC AND INSTITUTIONS IN THE VAULTS AT OF FEDERAL ALL DLPOSITORY 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 BAFK. 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* 1/27/88 4/20/88 6/29/88 7/27/88 8/24/88 5.9 6.2 5.9 5.9 5.5 5.9 5.2 6.5 7. 1 6.3 6.3 5.6 6.2 5.2 6.9 5.7 5.9 4.9 5.9 4.6 6.9 5.0 3.9 5.5 4.0 6.8 4.0 5.9 4.1 7.4 9/21/88 10/19/88 11/30/88 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDING* 6/29/88 7/27/88 8/24/88 9/21/88 10/19/88 11/30/88 12/28/88 1/25/89 Digitized for LFRASER http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5.8 3.5 7.7 4.1 9.4 10.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK ( Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 1382. BILLIONS OF DOLLARS 805 BILLIONS 785.7 786.6 786.3 783.6 785.8 785 4 DEC 18 I 15 29 14 28 11 JAN MAR 25 9 23 APR 8 20 4 JUN JUL 18 1 15 29 12 26 10 24 7 21 5 19 NOV DEC 2 16 30 13 27 1989 LATEST DATA PLOTTED WEEK ENDING: JANUARY 23, 1989 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. “IIS.BY THE NONBANK PUBLIC, DEMAM) deposits, other checkable 1/trvSI 15 ArO TRAVELERS CHECKS. MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 1/25/88 4/25/88 6/20/88 7/25/88 8/22/88 5.5 6.5 5.8 5.2 4.5 4. 1 4.2 3.9 6.8 5.6 4.6 3.7 3.2 3.5 3.2 6.5 4.7 3.4 2.7 3.2 2.9 1.6 0.8 0.5 1.6 1.5 0.4 0.2 1 .6 1.5 9/26/88 10/24/88 11/21/88 TO THE AVERAGE OF FOUR WEEKS ENDING: 6/20/88 7/25/88 8/22/88 9/26/88 10/24/88 11/21/88 12/26/88 1/23/89 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -0.7 1.6 1.5 2.8 2.2 3.4 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 3.0 RATIO 2.740 2.760 2.700 Ml MULTIPLIER 14 28 II DEC 1087 25 8 22 JAN FEB T 2! 4 18 MAR APR 2 18 50 19 27 II 25 8 22 JUN JUL 1088 AUG 5 10 SEP 5 17 31 OCT 14 28 12 28 NOV DEC 9 23 8 20 JAN FEB 1089 LATEST DATA PLOTTED TWO WEEKS ENDING: JANUARY 23, 1989 BILLIONS OF DOLLARS 218 BILLIONS OF DOLLARS 218 _—1------- 1---------- 1------- 1— _ _ - _ 210 COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF THE FOUR feEKS ENDING JANUARY 23. 1980 FROU THE FOU WEEKS END 1 *5*. NOV. 21 , OCT. 24 , SEP. 26 , - JU L. _ _ 988 988 988 988 988 988 1988 , 25 , AP R. 25 , JAN. 25 ) ~ 7/ i:i CURRE NCY §:! ~ 7A 7.' 206 - - ,.iii 1989 . 19 26 u “ill DEC 1987 billioi SB. “ 211.5 212.1 9 213.1 _ 16 212.9 23 213.1 nil 111111111111* DEC 111 JAN i 111 111 1 1 1 1 1 1 1 MAR APR MAY 15 29 14 28 II 25 FEB 0 23 1 1 1 1 1 1 8 20 4 18 JUN JUL 1988 1 1 1 1 -LLL 1 1 1 1 1 15 29 12 28 10 24 AUG SEP OCT 7 21 NOV IS DEC 2 18 SO 13 27 JAN FEB LATEST DATA PLOTTED WEEK ENDING: JANUARY 23, 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 TOTAL CHECKABLE DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS of dollars BILLIONS DEC. 4 18 DEC 566.7 567.0 573.5 565.4 563.0 565.0 1 15 28 JAN 14 28 II MAR 25 8 25 APR 8 20 4 18 l 15 28 12 28 10 24 JUN JUL 1988 7 21 5 18 NOV DEC 2 18 30 13 27 1989 LATEST DATA PLOTTED WEEK ENDING: JANUARY 23. 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, AVERAGE OF FOUR WEEKS ENDING: 1Z25/88 4/25/88 4.7 5.9 5.2 4.3 3.5 2.9 3.1 2.7 6.4 5.2 3.7 2.6 1.9 2.3 1.8 8/20/88 7/25/88 8/22/88 9/26/88 10/24/88 11/21/88 TO THE AVERAGE OF FOUR WEEKS ENDING: 6/20/88 7/25/88 8/22/88 9/26/88 10/24/88 11/21/88 12/26/88 1Z23/89 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6.4 3.7 2.1 1.2 1.8 1.3 -0. 1 -l. 1 -1.4 -0. 1 -0.4 -2.1 -2.2 -0.4 -0.7 -2.9 -0.1 -0.6 1.3 0.3 1.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES RATE 4 18 1 15 28 12 26 II FEB MAR 25 8 22 6 20 5 17 MAY JUN I 15 28 12 26 8 25 7 21 4 18 OCT NOV 2 16 30 15 27 10 24 JAN FEB LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* FEBRUARY 3, 1989. 1989 DEC. 2 9 16 23 30 JAN. 6 13 20 27 FEB. 3 X 10 17 24 90 DAY CD’S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS* ACCEPTANCES CORPORATE Am BONDS CORPORATE BM BONDS MUNICIPAL BOMJS KX 9.22 9.24 9.32 9.29 9.20 9.20 9.23 9.21 9.17 9. 17 8.82 9.27 9.32 9.39 9.30 9.05 9.04 9.02 9.00 9.03 8.94 8.93 9.02 8.98 8.90 8.93 8.95 8.93 8.92 8.93 9.55 9.52 9.57 9.59 9.60 9.66 9.69 9.61 9.56 9.56 10.61 10.61 10.65 10.68 10.67 10.73 10.70 10.62 10.61 10.58 7.66 7.68 7.66 7.57 7.50 7.44 7.40 7.29 7.27 N.A. NOTE. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE. WABOND^YER'SAIv!rAGE''INDEX OF 20 MUNICIPAL BOMJS, 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 5-YEAR TREASURY SECURITIES y v DISCOUNT RATE 6.0 TREASl I I I I II FEB MAR 25 8 22 8 20 3 17 MAY JUN I 15 20 12 26 0 23 7 21 4 OCT NOV 18 2 16 30 13 27 10 24 JAN FEB LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* FEBRUARY 3, 1080. 1089 DEC. JAN. FEB. 2 9 16 23 30 6 13 20 27 3 X 10 17 24 FEDERAL FUNDS** 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL mm 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 8.44 8.59 8.51 8.87 8.86 9.22 9.08 9.13 9.06 9.16 7.94 7.96 8.09 8.11 8. 16 8.24 8.26 8.24 8.29 8.35 8. 13 8.25 8.21 8.29 8.33 8.37 8.48 8.35 8.31 8.39 8. 10 8.23 8.42 8.32 8.38 8.47 8.43 8.28 8.30 8.35 9.00 8.99 9.16 9. 10 9. 18 9.28 9.23 9.09 9.04 9.08 9. 18 9.08 9.13 9.08 9.11 9.21 9.12 8.99 8.94 8.94 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ™'80B*«?BS™E*3UR^BILLEV^P,iSi IMSgoJSPSSTs. EfCIMG " °AYS «"■'* THAN MTE PREPARED BY FEDERAL RESERVE BAM OF ST. LOUIS 7 8 MONEY STOCK ( M2 ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 3100 3075 __ DEC, BILLIONS OF DOLLARS 3100 3067.5 3066.7 3070.5 3064.6 3070.4 3072.6 3050 3075 3025 3000 2975 2925 2900 7 21 DEC 1987 4 18 1 15 29 14 28 11 JAN MAR 25 9 23 APR 0 20 4 18 1 15 29 12 28 10 24 JUN JUL 1968 7 21 5 19 NOV DEC 2 16 30 13 27 1989 LATEST DATA PLOTTED WEEK ENDING; JANUARY 23, 1989 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE M2 IS THE SUM OF Ml. OVERNIGHT RPS ISSUED BY ALL C0U4ERCIAL BANKS, OVERNIGHT EURODOLLARS ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS, MONEY MARKET DEPOSIT ACCOUNTS, SAVINGS AND SMALL TIME DEPOSITS, AM) 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: 1/25/88 4/25/88 6/20/88 7/25/88 8/22/88 8. 1 7.3 6.7 6.0 5.3 5.4 5.5 5. 1 4.8 4.3 3.8 3.1 3.5 3.9 3.6 3.3 2.9 2.1 2.8 3.5 3.2 2.3 1.4 2.5 3.4 3.0 0.9 2.5 3.6 3. 1 9/26/88 10/24/88 11/21/88 TO THE AVERAGE OF FOUR WEEKS ENDING*. 6/20/88 7/25/88 8/22/88 9/26/88 10/24/88 11/21/88 12/28/88 1/23/89 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2.7 4.2 3.4 6.3 4.6 4.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ALL DEPOSITORY INSTI TUT IONS TOTAL TIME DEPOS ITS 1/ LARGE TIME DEPOSI TS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 2030 ---------- ,---------- 1-----I _ BILLIONS OF DOLLARS —|------------- ----------- 2030 COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR WEEKS ENDING JANUARY 23, 1089 FROM THE FOUR WEEKS ENDING: - NOV. - OCT. I SEP. _ AUG. —JUL. - APR. I JAN. 21, 2A 26, 22, 25, 25, 25, 2000 TOTAL TIME DEPOSITS 1988 10.0 IM DEC. BILLIONS 19 1996.4 1996. JAN. 2002.1 111111 11111111 LATEST DATA PLOTTED WEEK ENDING-. JANUARY 23, 1989 BILLIONS OF DOLLARS 1988 DEC. BILLIONS OF DOLLARS 550 BILLIONS 19 535.6 535.9 536.1 538.3 LARGE TIME DEPOSITS 520 490 7 21 4 DEC JAN 18 I 13 29 14 28 11 25 MAR APR 9 23 8 20 4 18 1 IS 29 12 28 10 24 JUN JUL 1988 7 21 5 19 NOV DEC 2 18 30 13 27 LATEST DATA PLOTTED WEEK ENDING: JANUARY 23, 1989 1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS. 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 9 10 BORROWINGS FROM FEDERAL RESERVE BANKS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS 4.5 -----------1---------- 1-----im 4 II 18 25 BILLIONS OF DOLLARS ----------------------------n MILLIONS 2280 1816 1879 1174 TOTAL BORROWINGS LATEST DATA PLOTTED WEEK ENDING. FEBRUARY l, 1989 BILLIONS OF DOLLARS 2.5 28 438 4 1372 11 309 FEE . 25 1 _ _ 453 263 ADJU STMENT ♦ SEA SONAL BORRO\ 1NGS 1 1 11 n V-' ■ Jill 2 16 DEC 1987 V 1.5 l» 1 - 1 \J t u \AI TN V Aa V w J_LL 111 JAN FEB 30 13 27 mi 10 24 9 23 MAR 111 6 20 APR _U_L 4 IS MAY LU1. I 15 JUN hi INI 29 13 27 10 24 JUL 1988 LATEST DATA PLOTTED WEEK ENDING. FEBRUARY 1, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis lllll. - 2.0 i i - MILLIONS DEC. JAN. j_ j 1989 : i BILLIONS OF DOLLARS AUG _LLL 111 7 21 5 SEP OCT 19 _LLI_L 111 2 16 30 NOV 14 DEC 0.5 — ■i.i i. 28 11 JAN 111 25 8 22 FEB 1989 1989 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0.0 COMMERCIAL PAPER OF NONFINANCIAL COMPANIES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS 110 - BILLIONS OF DOLLARS 110 ~ MILLION. I W “ DEC. 21 101,422 ~ 28 98,894 _ JAN. 4 99,55‘ 11 100,962 18 104,159 /' = / 100 m i r—< y— 1 = 1111 1 r' •'y~ V A _ ' r 1111 A ^ \ ' -LLLL i / l\- 85 i\. - \ lux 80 -11.1 -LLL llll FEB MAR 2 10 30 19 27 10 24 DEC 1987 JAN 9 23 1 1 1 0 20 APR -LLL 4 18 MAY 1 1 1.1. I -LLL 15 20 13 JUN 27 JUL 1988 I I I I 10 24 AUG i i i 11 i llll 7 21 5 10 2 SEP OCT NOV -LLL 111 10 30 14 20 11 DEC JAN 25 8 22 w FEB 1989 LATEST DATA PLOTTED WEEK ENDING* JANUARY 25, 1989 * DASHED LINE REPRESENTS DATA USING A NEW REPORTING PANEL AND IS NOT COMPARABLE TO PREVIOUS DATA. BUSINESS LOANS u C COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 308 - COMPOUMJED ANNUAL RATES OF CHANGE, AVERAGE OF - THE FOUR WEEKS ENDING JANUARY 18, 1969 FROM - THE FOUR WEEKS ENDING* - NOV. OCT. “ SEP. AUG. “ JUL. _ APR. JAN. 16, 19, 21, 17. 20, 20, 20, 1988 1988 1988 1988 1988 1988 1988 4.3 296 302,025 JAN. 4 303,608 305,062 2 10 90 19 27 10 24 JAN FEB 0 23 0 20 4 18 APR MAY 1 15 29 13 27 LATEST DATA PLOTTED WEEK ENDING* JANUARY 18, 10 24 7 21 5 10 SEP OCT -LLLL1..L1 111 1 I 1 I II 2 16 30 14 28 11 DEC JAN 25 8 22 FEB 1989 1/ BUSINESS LOANS INCLUDE BANKERS* ACCEPTANCES AND COMMERCIAL PAPER. 2/ BAfttS WITH DOMESTIC ASSETS GREATER THAN 81.4 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 DEC. 28 93.0 95.5 DEC *987 JAN FEB MAR APR MAY 15 29 13 27 10 24 JUN JUL 1988 7 21 5 19 SEP OCT 2 16 30 M 29 II 25 DEC JAN 8 22 FEB LATEST DATA PLOTTED WEEK ENDING. FEBRUARY 1, 1989 NOTEj CURRENT DATA APPEAR IN THE BOARD OF GOVERNOR'S H.10 RELEASE. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ,3? F0RE,8N-CURRENCT PRICE «.«• ««.. COMPUTE® USINS PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS