Full text of U.S. Financial Data : February 23, 1984

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RE!
Federal Reserve Bank
of St. Lou

PEB 2 8 )904

.S. Financial Data
February 23,1984

The adjusted monetary base equals the source base, which is
derived from a consolidated balance sheet of the Treasury and the
Federal Reserve, plus a reserve adjustment magnitude that
accounts for changes in reserve requirements by the Federal
Reserve. Recently, Treasury currency outstanding, a component
of the source base, was revised back to 1972. Incorporating these
changes into the adjusted monetary base raised the level of the
base about $2.0 billion by January 1984.
As the table below shows, the revisions increased the
reported growth rates of the adjusted monetary base for the first
three quarters of last year and reduced it for the fourth quarter.
Over the entire year, the growth rate of the base increased
slightly.
Growth Rates of Adjusted Monetary Base
(compounded annual rates of change, seasonally adjusted)
Period

Old

Revised

IV/8 2
1/83
11/83
III/83

1/83
- 11/83
- Ill/83
- IV/83

11.4%
10.9
6.8
8.0

11.8%
11.2
7.4
7.7

1V/82

- IV/83

9.3

9.5
—Courtenay C. Stone

THE
FEDERAL
A
RESERVE
XltANkot
nr st. linns

Digitized forViews
FRASER
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
_

1984
JAN.

18

FEB.

BILLIONS OF DOLLARS
208

BILLION?

206

203.6
204.4
204.7

204

205.9

205.8
204.3 P

202
200

198
196
194
192
190
188
186
184
182
5 19

2

JAN

FEB

ia

2 16 90 19 27 II

APR

25

8 22

6 20

9 17 91

14 28 12 20

SEP

MAY

7 21

4 18

DEC

JAN

9 29

OCT

1

IS 28 14 28

LATEST DATA PLOTTED WEEK ENDING*. FEBRUARY 22, 1984
THE ADJUSTED MONETARY BASE CONSISTS OF* C1> RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT
FEDERAL RESERVE BANKS, (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE
VAULTS OF ALL DEP0SIT6rY 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.
P-PRELIMINARY
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
2/23/83

5/25/83

7/20/83

8/24/83

10. 1
9. 1
9.0
8.7
9.0
8.6
8.6
8.7

7.4
7.6
7.4
8.1
7.6
7.8
8.0

6.3
6.5
7.7
7.1
7.5
7.7

7.5
8.8
7.8
8.1
8.3

9/21/83 10/19/83 11/23/83 12/21/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
7/20/83
8/24/83
9/21/83
10/19/83
11Z23/83
12/21/83
1/25/84
2/22/84


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

9. 1
7.7
8. 1
8.3

8. 1
8.4
8.6

7. 1
7.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )
AVtKAGES OF DAILY FIGURES

SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
5-40 r-----------1--------- 1-----

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

BILLIONS
530.0
529.0

529.8
531.1
532.6
532.9

9

17 91

JAN

14 28 14 28 II

FEB

MAR

25

APR

0 29

6 20

4 18

I

IS 29 12 20 10 24

MAY

JUN JUL
AUG
SEP
1983
LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 13, 1984

OCT

7 21

5 10

NOV

DEC

2 16 90 19 27

12 26

FEB
1984

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COfcWERCIAL BANK DEMAND DEPOSITS
AwnDnTu*rB^^ry?^f¥ Eeokc?TLEX£LVP.IN£.-TH0SE HELD 0Y FOREIGN BANKS AND OFFICIAL INSTITUTIONS)
AND OTHER CHECKABLE DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS* CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
2/14/83
5/16/83 7/11/83 8/15/83 9/12/83 10/10/83 11/14/83 12/12/83
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
7/11/83
8/15/83
9/12/83
10/10/83
11/14/83
12/12/83
1/18/84
2/13/84

13.2
12. 1
11.0
10.2
9.4
9.2
8.8
9.0


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

12.2
10.3
9.2
8.2
8.0
7.7
8.0

6.2
5.7
5.2
5.6
5.6
6.2

4.5
4.3
5.0
5.2
5.9

4.2
5.1
5.3
6.2

5.5
5.5
6.6

6.4
7.6

7.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

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

RATIO
2.9

1

RATIO
2.9

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

1984
JAN.

RATIO
|
2.8

FEB

*

13
Ml Ml LTIPLI ER

' “V

'mi 1 I 1
.in.
i 1111
111 111 -LUX XLL mi
LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 13, 1964

111

111 ..Ull

BILLIONS OF DOLLARS
154 I--------- 1--------- 1--------- 1--------- —
152
150
148
146
144

lli XLL*

BILLIONS OF DOLLARS
154

COMPOUNDED ANNUAL R,ATES
---- OF CHANGE. AVERAGE DF
- THE FOUR *EEKS END 1 4G
FEBRUARY 13. 1984 F ROM

-

DEC.
—NOV.
- OCT.
SEP.
- AUG.
- MAY
FEB.

-

12,
14,
10,
12,
15,
16,
14,

1983
1983
1983
1983
1983
1983
1983

152
150

11.
9.
10.
10.
10.
9.
10.

148
146
144

-

-

-

-

-

-

142

142

140

140

138

138
-

JAN .

136
134
“mi
JAN

111
FEB

111

111

mi

APR

MAY

111

111

JUN JUL
1983

9 149.4
149.8
_
150.0
150.4
FEB .
6 150.2
13
150.2
“
n 111111111 r
1111 XI 1 XLLL XXL 1 1 1
AUG

SEP

OCT

NOV

DEC

16
23
30

FEB
1984

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 13, 1984
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

136
134

TOTAL CHECKABLE DEPOSITS^
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
385 ------------1--------- ,-----

15SI
— JAN.

3 17 31

JAN

BILLIONS OF DOLLARS
---------------------------- 385

BILLION?
375.7
374.3
374.8
375.8
377.4
377.8

14 21 14 28 II

FEB

MAR

APR

25

0 23

0 20

4 16

I

15 29 12 26 10 24

MAY

JUN JUL
AUG
1983
LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 13, 1984

7 21

5 19

NOV

DEC

2

16 SO

13 27 12 26

1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
2/14/83
5/18/83 7/11/83 8/15/83 9/12/83 10/10/83 11/14/83 12/12/83
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
7/11/83
8/15/83
9/12/83
10/10/83
11/14/83
12/12/83
1/16/84
2/13/84

14.0
12.6
1 1.2
10.2
8.9
8.8
8.2
8.3


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

13.4
10.6
9. 1
7.4
7.4
6.8
7.2

4.8
4.2
3.2
4.0
3.8
4.7

2.5
1.7
3.1
3. 1
4.2

1.6
3.4
3.3
4.6

3.6
3.5
5.0

5, 1
6.8

6.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PRIME
LOAN
MUNICIPAL
BONDS

JAN

4 H

4 IS

I

FEB

MAR

APR

13 29 19 ZT 10 24

MAY

JUN

8 22

JUL
1983

S 19

AUG

2

IS 30 14 28 II

SEP

OCT

NOV

25

9

6 20

3 IT

DEC

JAN

FEB
1964

2 18 SO

MAR

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING-. FEBRUARY 24, 1984

1984
JAN.

6
13
20
27
FEB.
3
10
17
24 X
MAR.
2
9
16
23
30

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BOM>S *X

9.57
9.44
9.35
9.40
9.33
9.44
9.57
9.66

9.36
9.22
9. 18
9.20
9.18
9.30
9.39
9.42

9.36
9.29
9.24
9.26
9.20
9.34
9.46
9.51

12.53
12.43
12.01
11.98
1 1 .97
1 1 .96
12.06
12. 15

13.75
13.71
13.61
13.57
13.54
13.48
13.56
13.66

9.66
9.67
9.60
9.59
9.51
9.56
9.68
N. A.

« AVERAGES OF RATES AVAILABLE.
** BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BOfCS, 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 i—

TREASURY

PERCENT

ITIES

TREASI

JAN

4 IS
FEB

4 IS
MAR

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

5 10
AUG

2 IS 30 14 28 II
SEP
OCT
NOV

0 23
DEC

8 20
JAN

1983

3 17
FEB

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt FEBRUARY 24.

1984
JAN.

6
13
20
27
FEB.
3
10
17
24 X
MAR.
2
9
16
23
30

2 IS 30
MAR

1984

FEDERAL
FUNDS**

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL mm

1-YEAR
TREASURY
BILL

SECURITIES

10.06
9.53
9.54
9.53
9.41
9.58
9.53
9.60

8.95
8.88
8.88
8.93
8.91
9.06
9.09
9. 13

9. 19
9. 10
8.92
9.01
8.97
9. 11
9. 16
9.28

9. 19
9.09
9.02
9.04
9.00
9. 10
9.21
9.32

1 1.50
11.42
11.29
11.31
11.31
11.43
11.55
11 .62

t&KSy

1984

LONG-TERM
TREASURY
SECURITIES
11.78
11.69
11.56
11.70
11.82
1 1 .89

■ AVERAGES OF RATES AVAILABLE.

™ **thandate sho*n'
TrSIuS? B?LL'YIB!D!,ONSDISCWNT'BASli.ARE C‘M>UTH> Bt


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

FEDtRAL

<* **■ LOUIS.

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
SMALL TIME DEPOSITS^
COMMERCIAL BANK SAVINGS DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
430 c--------- 1--------- 1-----

19M

BILLIONS OF DOLLARS

BILLION?
9

353.0
352.9

6

353.1
352.9
353.3

SMALL TIME DEPOSITS

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 13, 1984
BILLIONS OF DOLLARS
1964

E JAN.

BILLIONS OF DOLLARS
180

BILLIONS

175

133.3
170

131.7
131.1
130.8
130.3

165
160
155
150

SAVINGS DEPOSITS

145
140
135
130

-Ej 125
9

17 91

14 28 14 28 II

FEB

MAR

APR

29

9 29

6 20

4 18

JUN

JUL

I

15 29 12

5 19

NOV

2

16 90 19 27

DEC

FEB

12 26

MAR

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 13, 1984
1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0

TOTAL TIME DEPOSITS!/
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
810 rz--------- ----------------

BILLIONS OF DOLLARS
BILLIONS.
712.8
71 1 .6
71 1.3
711.7
708.9
710.8

3 17 31

JAN

14 28 14 28 II

FEB

MAR

APR

8 23

MAY

6 20

4 18

1

JUN JUL
1983

IS 20 12 26 10 24

AUG

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 13,

SEP

OCT

7 21

5 10

NOV

DEC

2 16 30 13 27 12 26

JAN

FEB
1984

1984

1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
2/14/83
5/16/83 7/11/83 8/15/83 9/12/83 10/10/83 11/14/83 12/12/83
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
7/11/83
8/15/83
9/12/83
10/10/83
11/14/83
12/12/83
1/18/84
2/13/84

-12.3
-9.4
-7.0
-5.8
-3.8
-2.7
-2. 1
-2.4


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

2.4
4.2
4.2
5.4
5.9
5.4
4.3

6.7
5.9
7.3
7.6
6.7
5,0

7.2
8.6
8.7
7.3
5.2

7.9
8.2
6.6
4.4

1 0.0
7.4
4.4

5.4
2.0

-1 .0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

8

10

LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
265

260
226.7
227.5
255
227.2
250

255

230

225

220

5 17 91

M 28 14 28 II 29

FEB

MAR

APR

B 29

6 20

4 18

JUN

JUL

1

19 20 12 28 10 24

7 21

9 10

NOV

DEC

2 18 90 19 27 12 26

FEB

MAR

LATEST DATA PLOTTED WEEK ENDINGt FEBRUARY 13. 1084
TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100.000 OR

uorf

MMDAs, MMMFs and SUPER NOWs
(billions of dollars, not seasonally adjusted)
MMDAs 1/
January

Feoruary

2
9
16
23
30
6
13

$377.1
380.1
380.8
380.4
381.0
383.2
385.2

MMMFs 2/
$177.4
177.5
178.4
178.7
179.4
180.4
182.8

SUPER NOWs 3/
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.

1/ Money market deposit accounts at all depository institutions, effective 12/14/82.
2/ Total money market mutual fund balances.
3/ MOW 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

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
4.5 r=------- ,--------- ,--------

ILL IONS OF DOLLARS
—I------------------- zi 4.5

1381 MILLIONS
JAN. 18

5 18

2 10

JAN

FEB

2

16 00 15 27

APR

II

25

8 22

0 20

5 17 51

MAY

14 28 12 26

SEP

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 22.

0 25

IS 28

OCT

DEC

14 28

JAN

1884

BUSINESS LOANS y

(COMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORT ING LARGE COMMERCIAL BANKS 2/

224

~ OCT. 26, 1983
SEP. 28, 1983
AUG, 31, 1983
“ JUL. 27, 1983
“ JUN. 29, 1983
— MAR. 30, 1983
~ DEC 29,
982

5.5
3.9
0.8
|.4
1.8
-0.6
1.2

iiil

228

=
0
VST.TT-'-H ^

_LLL

232

--------- 1------------1--------- 1--------- T----------_ COMPOUNDED ANNUAL RA TES
_ OF CHANGE. AVERAGE C F
— Jhe^four Weeks end in G
_ DECEMBER 28. 1983 FR
_ THE FOUR We£kS END IN G-

9*^

-------

J.LJ.

236

jT T T

220
/V.
-A

A
v s

216

r

/

T

V-

-

198:

204

-

Illl -U 1,1
5 17
NOV

111 -LI 1

1 15 2

DEC
1982

JAN

FEB

1111

1 1 1

111

1 1 1 1

MAR

APR

MAY

JUN

111

IILLIO NS

NOV. 23
30
DEC. 7
14
21
28
MIL. 111 -l-l m I 1 i

-

215,480 ~
215,941
216,535
_
216,412 _ 204
216,412
217,937
i i n i i n;
II

JUL
1963
LATEST DATA PLOTTED WEEK ENDING: DECEMBER 28. 1983

AUG

SEP

OCT

NOV

DEC

25

JAN
1984

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER
2/ BANKS WITH DOMESTIC ASSETS OF 8750 MILLION OR MORE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

II