Full text of U.S. Financial Data : February 25, 1983

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

U. S. Financial Data
j^^^^eserve Bank of St. Louis

February 25,1983

FEB 2 8 1333
The Board of Governors released a revision of the money
stock measures and related data on February 11, 1983. These revisions
include the benchmarking of deposits at commercial banks, savings and
loan institutions and credit unions to recent call reports, and the annual
recalculation of seasonal factors to incorporate data for the past year.
In addition, several definitional changes have been made that affect the
broader monetary aggregates.
Tax-exempt, general purpose and broker/dealer money market
funds are now included in M2, while tax-exempt, institution-only money
market funds have been added to M3. Each of these tax-exempt funds
previously had been excluded from the monetary aggregates. Second, all
IRA/Keogh accounts at depository institutions and those held in money
market mutual funds are now removed from M2 and M3. IRA/Keogh
accounts are not as liquid as other components of M2 and M3 due to the
relatively high penalty attached to the withdrawal of funds from these
accounts before age 59 1/2.
Revised weekly data are available only from the week ended
January 5, 1983. Consequently, the charts in this release show a break
in the data at this point. These revisions, based on monthly data
available back to December 1981, reduced the 1982 growth rate of M2
slightly, while leaving the average growth rate of M1 virtually unchanged.
—Gary Santoni
Growth Rates of Ml and M2: Old and Revised Series
(compounded annual rates of change, seasonally adjusted)
Ml

M2

Period

Old

Revised

Old

Revised

12/81 - 6/82
6/82 - 12/82

4.8%
12.4

5.9%
11.3

9.6%
9.8

7.9%
10.4

12/81 - 12/82

8.5

8.6

9.7

9.1

DUE TO THE LACK OF HISTORICAL DATA, THIS RELEASE
WAS NOT PUBLISHED ON FEBRUARY 11 AND 18, 1983


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
190

BILLIONS
185.7
185.4
186.1
186.9

188. 1

172

170

3

17 31

14 28

12

26

9

23

7

21

4

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 23,

18

1

15

29

13 27

10 24

8 22

5 19
JAN

2 16
FEB

2

16

30

1983

THE ADJUSTED MONETARY BASE CONSISTS OF: ( I ) 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,
2/24/82

5/26/82

7/21/82

8/25/82

6.9
7. 1
7.0
6.9
7. 1
7. 1
7.5
8.3

6.5
6.6
6.4
6.8
6.9
7.4
8.5

7.4
6.9
7.3
7.3
7.9
9.2

6.3
7. 1
7.2
8.0
9.5

AVERAGE OF FOUR WEEKS ENDING:

9/22/82 10/20/82 11/24/82 12/22/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
7/21/82
8/25/82
9/22/82
10/20/82
11/24/82
12/22/82
1/26/83
2/23/83


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

7.3
7.3
8.2
10.0

7.9
8.9
10.9

9.2
11.9

14.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
54 ---------- 1---------- ,----------

BILLIONS OF DOLLARS
-------------------------------- 54

BILLIONS
50.5
51.6
51.2
51.5
51.7
53.0

6 20

3

JAN

FEB

17

3

17 31

14 28 12 26

9 23

7 21

I

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 16,

15 29 13 27

10 24

8 22

5 19

2

JAN

FEB
1983

16

2

16 30

1983

&9^§TIP.J?ASE. ‘RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE
BANKS PLUS CURRENCY IN CIRCULATION) LESS CURRENCY HELD BY THE NONBANK PUBLIC.

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING!

2/17/82

5/19/82

7/14/82

8/18/82

9/15/82

3.6
5.0
5. 1
3.8
6.4
6.0
6.3
7.5

5.0
5. 1
3. 1
7. 1
6.5
6.8
8.3

8.5
4. 1
9.7
8.4
8.4
10. 1

0.0
9.2
7.6
7.8
9.9

10.9
8.3
8.4
10.8

0/13/82 11/17/82 12/15/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
7/14/82
8/18/82
9/15/82
10/13/82
11/17/82
42/15/82
1/19/83
2/16/83

14.8
12.5
14.7

5.8
10.7

14.5

Beginning January 5. 1983, data are on the revised basis and are not comparable to
prior data; therefore, special caution should be taken ir interpreting growth rates.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
500

=

490

480
475

Z_
1983
= JAN. 12
19
26
Z FEB.
2
9
16

BILLIONS

In n

485

i

h

S*r,
c*

485

E
480

E
E

470
465

£

_

'

460

to y
Jc»

E

\

Q
.

E

A'Xj

i \

JILL

5'

A\

ts

455

1
a,? _ _
9 re

450

n°tfi

E
6'e. E

445
440

TUT
5S5

475

E

E

435

/

<

455

440

J

E

E

460

445

7^

j

**'3

z

450

495
490

TUT

465

E
E

483.3
482.6
481.9
487.9
491.0
489. 5

*sL

z
470

BILLIONS OF DOLLARS
500

1

TUT

495

1

E
435

III
6 20

1111
111
3 IT 3 IT 31

JAN

FEB

MAR

1 1 1

111

14 28

APR

1111.

12 26 9 23

MAY

JUR

1 1 1

T 21

JUL
1982

1 1 1

4

18

l l l l

1 1 1

i 1 1

SEP

OCT

NOV

15 29 13 2T 10 24

AUG

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 16,

1 1 1 1

8 22
DEC

1 1 1

1 1 1

JAN

FEB
1983

5 19

2

16

111 lJ
2

16 30

MAR

1983

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COMMERCIAL BANK DEMAND DEPOSITS
HELD BY THE NONBANK PUBLIC (EXCLUDING THOSE HELD BY 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:
2/17/82

5/19/82

7/14/82

8/18/82

1 . 1
2.5
4.4
5.3
7.6
8. 1
7.9
8.9

2. 1
5.5
6.9
10. 1
10.4
9.8
1 1.0

12.6
12.7
15.9
15.3
13.5
14.5

15.2
18.8
17.3
14.6
15.7

9/15/82 10/13/82 11/17/82 12/15/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
7/14/82
8/18/82
9/15/82
10/13/82
11/17/82
12/15/82
1/19/83
2/16/83

19.2
17.2
13.9
15.4

19.2
14.2
15.9

8.9
12.7

12.7

Beginning January 5, 1983, data are on the revised basis and are not comparable to
prior data; therefore, special caution should be taken in interpreting growth rates. •


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 s
RATIO
2.9

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

------ 1

RATIO
2.9

1

1983
JAN.

RATIO

]£
26

FE B.

2

2.59
fj

16

2.602

\e*
Ml ML LTIPL IER

/V

01
A/

A / "\

A

!lllLlll ini -I..I 1

III

MIL 111

111 -LLLL 111 -LLL i i i i

111

1 1 1

INI

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 16, 1983
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
138
136
13-4
132

CURRENCY

130
128
126

1983
JAN.

B1■LL.iQ.NS,

1

124
122
120

li-LLl-LJ-.l.li_LJ.-[-LLL. L
6 20

3

17

3

17 31

14 28 12 26

9 23

7 21

JAN

FEB

1982
LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 16,

1983

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

5

0

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
22.0 r—

PERCENT

-n 22.0

21.0

21.0

20.0

20.0

18.0

18.0
PRIME BANK
LOAN RATE

17.0

17.0

90 DAY
CD'S
15.0

15.0

14.0

CORPORATE
Aaa bonds

11.0

t 1 .0

10.0
COMMERC
PAPER

JAN

FEB

MAR

APR

MAY

JUN
JUL
1982

AUG

SEP

OCT

NOV

DEC

JAN

FEB
1983

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING-. FEBRUARY 25,

1983
JAN.

FEB.

MAR.

7
14
21
28
4
1 1
18
25 ***
4
1 1
18
25

MAR
1983

90 DAY
CD'S

PRIME
COMMERC1AL
PAPER XXX

PRIME
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS XX

8.51
8. 18
8. 18
8.51
8.68
8.63
8.54
8.38

8.32
8.04
8.03
8.29
8.49
8.51
8.37
8.24

8.36
8.03
8.09
8.35
8.55
8.49
8.37
8.26

11.77
11.70
11.70
11.94
12.06
12.11
12.08
11.87

14.04
13.92
13.84
13.96
14.01
14.02
13.97
13.85

9.48
9.37
9.48
9.66
9.74
9.72
9.53
N. A.

* AVERAGES OF RATES AVAILABLE.
** BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
**# DATA ARE 4-MONTH COMMERCIAL PAPER RATES.
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
20.0 r—

PERCENT
■n 20.0
19.0

18.0

FEDERAL.
FUNDS RATE

16.0

16.0
5-YEAR
TREASURY SECURITIES

15.0

15.0

14.0

13.0
12.0

DISCOUNT
RATE

3-MONTH
TREASURY BILL

I

15 29

JAN

12

26

FEB

12

26

MAR

9 23

APR

7

21

MAY

22

JUN

JUL

AUG

SEP

OCT

5

19

NOV

3

17

31

DEC

1A

JAN

'982

28

II

JAN.

FEB.

MAR.

7
14
21
28
4
1 1
18
25 *
4
1 1
18
25

FEDERAL
FUNDS X*** ***
10.21
8.42
8.49
8.44
8.53
8.50
8.62
8.47


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

25

1983

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL **#

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

7.92
7.66
7.75
8.05
8. 16
8.22
8. 16
7.94

7.95
7.77
7.73
8. 14
8.23
8.35
8.39
7.97

8.02
7.82
7.96
8. 19
8.34
8.41
8.33
8. 1 1

10.04
9.88
9.92
10.22
10.38
10.45
10.28
10.01

10.49
10.49
10.60
10.88
11.01
11.04
10.91
10.62

* AVERAGES OF RATES AVAILABLE.
**
£NDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
^5R^.,eAI^PEAR IN TH€ B0ARD 0F GOVERNORS1 H.I5 RELEASE.
*** NEW I55UE RATE
THEaIuRY

II

MAR

1983

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: FEBRUARY 25,

1983

25

FEB

C0MPUTED BY ™E FE1>ERAL RESERVE BANK °F ST- L0UI
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

I
TOTAL CHECKABLE DEPOSITS!/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

E

‘n

~ flev

M

A
=

v

V>

A

A ^A

\

llll
mi

TUJj

MAR

APR

MAY

340

JUN

330

/SjJary 5» 19 is are
325
not ivaii
/
V
8Ble.z
320

V

FEB

345

335

!1lll 111 llll 1 1 1 1 1 1 1 1 l-L i j_i_ XXL XI. LL 1 IX 1 1 1 llll
6 20
3 17 3 17 31 14 28 12 26 B 23 7 21 4 18
I 15 29 13 27 10 24 8 22
JAN

350

=

'sed dl

TTTT TTTT TTTT

310

ies

llll

315

s

•ta p 'iot
to Jan

325
320

TTTT

'Brea

nn

330

£

rA /

JLLL JXLL

335

n il

(
A.

355

z

A

In n

340

BILLIONS OF DOLLARS
360
JXLL

BILLIONS OF DOLLARS
360 E
1
1
IZ
1983
BILLIONS
355 - JAN. 12 344.8
=
19 344.0
26 343.2
350 _ FEB. 2 348.7
9 351.3
Z
16 349.9
345

JUL

AUG

SEP

OCT

NOV

DEC

1 1 1

5 19
JAN

1982

1 1 1

2 16
FEB

315
310

1 L.1..L1

2 16 30
MAR

1983

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 16,

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:
2/17/82

5/19/82

7/14/82

8/18/82

9/15/82 10/13/82 11/17/82 12/15/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
7/14/82
- •1.8
0. 1
0.4
8/18/82
15. 1
4.9
3.0
9/15/82
18. 1
6.6
14.9
4.3
10/13/82
25.3
20. 1
24.2
7.8
11 .5
11/17/82
22.2
25.8
22.
1
19.3
8.5
12. 1
12/15/82
16.5
17.1
8.3
17.4
16.0
7.9
10.7
1/19/83
13.6
12.6
18.2
19.0
17.3
18.8
12.2
9.2
2/16/83
inning January 5 > 1983, data are on the revised basis and are not comparable to
prior data; therefore, special caution should be taken in interpreting growth rates.


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

BILLIONS OF DOLLARS
870

FEB.

fiJJJLLQNS.

860

785.9
767.2
754.0

850

734.0

840
830
820
810
800
790
780
770
760
750
740

3

JAN

17

3

17

31

1A 28

12

26

9 23

7

21

FEB

JAN
1982

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 9.

FEB
1983

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/
Jan.
Feb.

12
19
26
2
9
16

MMMFs 2/

$160.6
192.8
217.7
239.7
256.4
267.4

$215.2
212.3
210.3
208.9
206.9
204.6

"SUPER NOWs" 3/
$11.7
15.4
17.4
19.5
22.0
22.7

1/ Money market deposit accounts at all depository institutions, effective 12/14/82.

7/ Total money market mutual fund balances.
3/ 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
BILLIONS OF DOLLARS

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS

of dollars

-=n 460

■=

440

SMALL TIME DEPOSITS

410

13S2.

BILL IONS
361.4
35514
350!3
338:4
1 I I I I I I I

LATEST DATA PLOTTED WEEK ENDING-. FEBRUARY 16.

1983

BILLIONS OF DOLLARS
1983

BILLIONS OF DOLLARS
90

BILLION?

SAVINGS DEPOSITS

JAN

FEB
1982

LATEST DATA PLOTTED WEEK ENDING; FEBRUARY 9,

1983
1983

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

BORROWINGS FROM FEDERAL RESERVE BANKS
OF

billions

IT JAN.
FEB.

JAN

AVERAGES OF DAILY FIGURES

dollars

1983

billions of dollars

MILLIONS
I
2

5 19
JAN

FEB

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 23,

2 16
FEB

2 16 50

1983

BUSINESS LOANS 17
( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED BY THIS BANK
BILLIONS OF DOLLARS
228
_----- 1------- 1--------- 1------- —
- COMPOUNDED ANNUAL RA TES
224 Z_OF CHANGE, AVERAGE 0 F
- THE FOUR WEEKS END IN G
- FEBRUARY 16, 1983 FR OM
z_ the four we£ks endin G:
220
- DEC- 15, 1982
6.5
- NOV. 17, 1982
2.4
216
OCT. 13, 1982
-1.5
- SEP. 15, 1982
2.2
- AUG. 18, 1982
3.7
212
Z PEE . 17) 1982
9.4

200
196

184

224
-

220
216
-

212
208

z

-

E

-

z— /

zS

204

r

-

198,

192
188

z

/

208
204

BILLIONS OF DOLLARS
228

E

JAN. 12
19
26
FEB. 2
9
16

E
rm
6 20
JAN

111
3 17
FEB

Mil

111

1 1 1 lll.i.1

MAR

APR

MAY

JUN

.in .L1..1

21
JUL
1982

4 IS
AUG

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 16,

Mil
111
1 1 1
15 20 13 27 10 24

SEP

OCT

NOV

..........

1 1 1
5 19
JAN

MILL JJN5

=

215,541
217.66?
216,883
219,003
217,138
217,068

“
—
-

..................
2 16
FEB
1983

2 16 30
MAR

1983

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER
2/ BANKS WITH DOMESTIC ASSETS OF S750 MILL I ON 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
290
285
280
275
270
265
260
255
250
245
240
235

JAN

FEB

JUL

OCT

AUG

NOV

LATEST DATA PLOTTED WEEK ENDING. FEBRUARY 16, 1983
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
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