Full text of U.S. Financial Data : February 4, 1983

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U.S. Financial Data
Federal Reserve Bank of St. Louis

EB 7

February 4,1983

1983
The new Money Market Deposit Account (MMDA) is
classified for reserve requirement purposes as a savings
deposit. Since December 14, 1982, the rapid growth of MMDAs
has had a substantial effect on the growth of the savings
deposit aggregate. To highlight the difference between the
growth of MMDAs and regular passbook savings, the Board of
Governors of the Federal Reserve System has removed MMDAs
from the reported savings deposit aggregate. A supplementary
table on page 9 has been included in this release to show the
latest data on these new accounts. As shown in this table,
MMDAs at all depository institutions rose to a level of $213.2
billion by January 26. Data on MMDAs at commercial banks
are only available with a two-week lag; therefore, this and
subsequent issues of this release will report savings deposits
and total time deposits at commercial banks with a
corresponding lag.

Though MMDAs continue to be classified as savings
accounts, they differ from traditional passbook accounts in a
number of important respects. MMDAs are free of the interest
rate ceilings imposed by Regulation Q, as long as a minimum
balance of $2,500 is maintained, and personal accounts (non­
business) bear a zero reserve requirement. Though limited,
MMDAs also have certain features normally associated with
transaction accounts.
In addition to MMDA data, the supplementary table
on page 9 presents data on the "Super NOW" account that was
first introduced on January 5, 1983. Roughly, these accounts
have the same features as MMDAs except that they permit an
unlimited number of transfers and are only available to
individuals, certain non-profit corporations and governmental
units. "Super NOW" accounts, which are classified as
checkable deposits, are included in the data for total checkable
deposits on page 8.
—Gary Santoni


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

2
ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

ILL IONS
JAN.

FEB.

184.7
184.2
184.5
185.7
185.4
186.1

5

19

2

16 30

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 2,

14 28

I1

25

8 22

6 20
OCT

3 17
NOV

1983

THE ADJUSTED MONETARY BASE CONSISTS OF: < 1 ) 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 THhS BANK.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

2/3/82

5/5/82

6/30/82

8/4/82

9/1/82

9/29/82

11/3/82

12/1/82

8.7
7.5
7.7
7.4
7.5
7.4
7.7
7.9

7.0
7.5
7.1
7.3
7.2
7.6
7.8

5.3
5.3
6. 1
6.2
6.9
7.3

7. 1
7.6
7.4
8.0
8.2

7.0
6.9
7.8
8.1

7.6
8.5
8.7

8.6
8.9

9.9

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
6/30/82
8/ 4/82
9/ 1/82
9/29/82
11/ 3/82
12/ 1/82
1/ 5/83
2/ 2/83


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOU hS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
54

BILLIONS
51.0
51.5
JAN.
51.2
51.9
51.2

-LLLL
JAN

FEB

APR

MAY

OCT

NOV

JAN
FEB
1983

1982
LATEST DATA PLOTTED WEEK ENDING: JANUARY 26,

1983

ADJUSTED MONETARY BASE (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:
1/27/82

4/28/82

6/23/82

7/28/82

8/25/82

10.2
6.4
7.4
6.0
6.5
7.7
7.7
7.5

5.0
7. 1
4.9
5.8
7.6
7.7
7.5

1.2
0.0
2.3
5.3
5.9
5.8

4.8
6.7
9.6
9.4
8.7

3.5
8.3
8.4
7.8

9/29/82 10/27/82 1 1/24/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
6/23/82
7/28/82
8/25/82
9/29/82
10/27/82
11/24/82
12/29/82
1/26/83


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

15.3
12.7
10.9

13.4
10.8

7.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
500

BILLIONS

495

477.6
477.7
477.3
484.2
483.2

490
485
480
475
470
465
460
455
450
445
440

JAN

FEB

APR

MAY

OCT

LATEST DATA PLOTTED WEEK ENDING-. JANUARY 26,

NOV

JAN

FEB

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,
1/27/82

4/28/82

AVERAGE OF FOUR WEEKS ENDING:

6/23/82

7/28/82

8/25/82

2.4
6.6
10. 1
11.6
1 1.5
11.4

12.2
15.5
16.2
15.0
14.3

18.4
18.4
16.3
15.3

9/29/82 10/27/82 11/24/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
6/23/82
7/28/B2
8/25/82
9/29/82
10/27/82
11/24/82
12/29/82
1/26/83

2.2
1.2
2.3
3.9
5.8
6.9
7.3
7.6


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

-1 . 1
1 .2
4. 1
6.9
8.3
8.7
8.9

20.8
17.0
15.5

14.2
13.2

10.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

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

Ml MULTIPLIER

till
LATEST DATA PLOTTED WEEK ENDING: JANUARY 26,
BILLIONS OF DOLLARS
138
1
1
136
134

130

BILLIONS OF DOLLARS
138

1

-

COMPOUNDED ANNUAL RAT ES
----- OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
“ JANUARY 26, 1983 FROM
-----THE FOUR WEEKS ENDING
-

132

1983

NOV.
OCT
—SEP.
- AUG.
JUL.
_

JAN

24,
27,
29,
25,
28,
27 ]

1982
1982
1982
1982
1982

134

10.1
7.8
7.7
7.8
7.8

1982

136
-

8.0

132
CURREN ;y

130
-

-

1

-

-

120
111

111

-L.I .Li

1 1 1

-LLL

1111

JAN

FEB

MAR

APR

MAY

JUN

in

111 -LLJ L ..1 1 1

16 30 14 28 II

DEC
1981

JUL
1982

LATEST DATA PLOTTED WEEK ENDING: JANUARY 26,

AUG

25

I 22

SEP

6 20

3

OCT

NOV

17

I

15 29

DEC

12 26

9 23

JAN
FEB
1983

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

124

1

1

-LLLL.i.1.1111 n

-

8
JJ 1 1.

133.0
133.2
133.4
133.3
133.8
134.2

122

1

BILL 10

1

1983
DEC .22
29
JAN .
5
12
19
26

122

IS

1

124

120

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
22.0 r—

PERCENT
—

22.0

21.0

21.0

20.0

20.0

19.0

19.0

PR ME BANK
LOAN RATE

17.0
16.0

90 DAY
CD’S

13.0

13.0

CORPORATE
Aaa BONDS

12.0

12.0
MUNICIPAL
BONDSX*

11.0

11.0

COMMERCIAL
PAPER

1

DEC
1981

15 29

JAN

12 26

FEB

12 26

MAR

9 23

APR

7 21

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 4.

1983
DEC.

JAN.

FEB.

3
10
17
24
31
7
14
21
28
4 *
1 1
18
25

90 DAY
CD'S
8
8
8
8
8
8
8
8
8
8

79
67
70
59
57
51
18
18
51
66

PRIME
COMMERC1AL
PAPER ***
8
8
8
8
8
8
8
8
8
8

67
50
52
43
50
32
04
03
29
49

PRIME
BANKERS'
ACCEPTANCES
8.68
8.58
8.59
8.54
8.58
8.36
8.03
8.09
8.35
8.53

CORPORATE
Aaa BONDS
1 1
1 1
1 1
1 1
1 1
1 1
1 1
1 1
1 1
12

.83
.79
.82
.91
.82
.77
.70
.70
.94
.03

CORPORATE
Baa BONDS
14
14
14
14
14
14
13
13
13
14

16
1 1
15
20
1 1
04
92
84
96
01

1963

MUNICIPAL
BONDS **
10.23
10. 13
10.05
9.84
9.56
9.48
9.37
9.48
9.66
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

PERCENT
—j 20.0

20.0 r19.0

18.0

FEDERAL
FUNDS RATE

16.0

5-Y
TREASURY S iCURITIES

15.0

13.0
v/

12.0

DISCOUNT
RATE

3-MONTH
TREASURY BILL

2

MAY

16 30

13 27

10 24

8 22

JUN

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: FEBRUARY 4,

1983
DEC.

JAN.

FEB.

3
10
17
24
31
7
14
21
28
4 *
1 1
18
25

1983

FEDERAL
FUNDS **

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
B1LL ***

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

8.69
8.84
8.8b
8.69
8.79
10.21
8.42
8.49
8.44
8.53

8. 14
7.96
7.80
7.91
8.01
7.92
7.66
7.75
8.05
8. 14

8.51
8.25
8.21
8. 10
8.05
7.95
7.77
7.73
8. 14
8.23

8.53
8.36
8. 15
8. 14
8. 1 1
8.02
7.82
7.96
8. 19
8.30

10.31
10.26
10.23
10.22
10.15
10.04
9.88
9.92
10.22
10.34

10.69
10.59
10.64
10.62
10.52
10.49
10.49
10.60
10.88
10.99

* AVERAGES OF RATES AVAILABLE.
** SrMBR^.TYnATfRApicAD0fLW!££ ENDINC3 WSDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.

SypR^T DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE.
Xmm NtW ISSUt RATE
?REaIuRY B?LL"^E!fDSR|aSKsCo5NTRiA^l.ARE


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

C°MRUTED BY ™E FEDERAL RESERVE BANK °F ST' L0UIS'

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

I
TOTAL CHECKABLE DEPOSI TS 1/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
360

BILLIONS

355

340.3
339.8
346.6
345. I
347.3

350
345

340
335

330

325

320

315

310

305

I

APR

MAY

JUL

OCT

AUG

15 29

NOV

12 26

9 23

JAN
FEB
1983

LATEST DATA PLOTTED WEEK ENDING: JANUARY 26, 1983
1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
1/27/82

4/28/82

AVERAGE OF FOUR WEEKS ENDING:

6/23/82

7/28/82

8/25/82

1.8
6.9
1 1.9
14.3
13.8
13.5

14.0
19. 1
20.6
18.5
17.3

23.0
23.8
20.3
18.6

9/29/82 10/27/82 11/24/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
6/23/82
7/28/82
8/25/82
9/29/82
10/27/82
11/24/82
12/29/82
1/26/83

-0.6
-1.4

-4.5

0. 1
2.3
5.0
6.8
7.3
7.6

-1 . 1
2.7
6.6
9.0
9.4
9.6


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

28.5
21.7
19.2

17.7
15.6

11.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

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

BILLIONS OF DOLLARS

870

BILLIONS OF DOLLARS

cz---------- 1---------- 1-----

---------------------------- Z2

870

BILLIONS
DEC.

30
DEC

22

821.3
810.4
801 .9
782.9
769.3

13 27 10 24 10 24
JAN
FEB
MAR

7 21
APR

5 IB
MAY

2 16 30 14 28 II 25 8 22
JUN
JUL
AUG
SEP

1981

6 20
OCT

3 17
NOV

JAN

FEB

1982

LATEST DATA PLOTTED WEEK ENDING:

JANUARY 19,

1983

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

MMDAs, MMMFs and "SUPER NOWs"
(billions of dollars, not seasonally adjusted)
MMDAs V
1982 Dec. 22
29
1983 Jan. 5
12
19
26

MMMFs 2/

$ 59.1
87.5
119.8
160.0
190.8
213.2

$ 217.5
210.9
206.8
205.2
201.8
199.3

"SUPER NOWs" 3/
$ 0.0
0.0
0.0
11.7
15.4
17.0

1/ Money market deposit accounts at all depository institutions, effective 12/14/82.
2/ Total money market mutual fund balances.
J/ 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
450 =---------- 1---------- 1---------- 1------------440
430
420
410
400
390
380

E=
—
E
=_

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

=

COMPOUNDED ANNUAL RA1
OF CHANGE. AVERAGE OF
THE FOUR WEEKS END INC
JANUARY 26. 1983 FROfc
THE FOUR WEEKS ENDING

E NOV.
“OCT.
= SEP.
“AUG.
E JUL.
— APR.
= JAN.

24,
27,
29,
25,
28,
28,
27,

BILLIONS OF DOLLARS

E
SMALL TIME )EPOS TS

=
420

1982-36.2
1982 -26.9
1982-23.1
1982 -16.7
1982 -11.4
1982 -0.9
1982
5.2

=
410
E
400
=

E

1

1

=

=

=

E

370

370

360
350

360
350

E

.

340
330

390
380

E
E

J_383

B ILL 10 MS

E

DEC

340
330

JAN

320

320
=

26

310
lm
0

i i i

i i i

iiii

11 i

i.i

mi

LATEST DATA PLOTTED WEEK ENDING-. JANUARY 26.

J_LL

1983

iiii

1 1 1

jjjJ.

369!o

_E

310

1 1 1 1 1 1 1 1 1 1 1 l‘
0

1983

BILLIONS OF DOLLARS

DEC.

111

BILLIONS OF DOLLARS
200

BILLIONS

195

22
190
185
180
175
SAVINGS DEPOSITS

170
165
160
155
150
145

LATEST DATA PLOTTED WEEK ENDING; JANUARY 19.

1983

1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN *100,000.


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
983

MILLIONS

DEC. 29
JAN.
5

BILLIONS OF DOLLARS

1202

Z_ FEB.

I I 1 I
30

13 27

JAN

10 24

10 24

FEB

OCT

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 2,

NOV

JAN

FEB

1983

BUSINESS LOANS 17
(COMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
228 —------------ |------------1------------1--------------- —
224
220

Z
216

212

BILLIONS OF DOLLARS
228
-

- COMPOUNDED ANNUAL RAT ES
Z_ OF CHANGE. AVERAGE OF
- THE FOUR WEEKS ENDING
- JANUARY 26, 1983 FROM
2_THE FOUR WEEKS ENDING
NOV. 24, 1982

- OCT. 27, 1982

- SEP. 29, 1982
_ AUG. 25, 1982
- JUL. 28, 1982
_

jan!

27,

982

224
2

220

1.3
-3.9
-1.2
2.9
2.6

E

11.0

E
E

y

/

E

216

212
208

2

E

E
r'

2

_____ J.

192

——•''N/

/

Z
184
1 1 1 1
16 30

DEC
1981

111
13 27

JAN

214,286
213,858
215,331
215,541
217,662
216,843
1 1 1 1 1 M

“

196

Z
192

188

B

\L ILL 10 NS

198

111

lit!
10 24 10 24

FEB

MAR

7 21

in.
5 19

APR

MAY

111

M I
i r i
16 30 14 28 II

1 111
2

JUN

JUL
1982

LATEST DATA PLOTTED WEEK ENDING: JANUARY 26,

AUG

M. 1 1

-LI 1

SEP

OCT

DEC. 22
29
JAN. 5
12
19
26
■ U.l.i 1 1 1 1
1

IS 29

DEC

12 26

-

F

9 2

JAN
FEB
1983

1983

1/ BUSINESS LOANS INCLUDE BANKERS1 ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF *750 MILLION OR MORE


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

188

—

184
0

12
LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

ILL IONS OF DOLLARS

ILL IONS OF DOLLARS

BILLIONS
-

DEC.

DEC
1981

JAN

FEB

MAR

APR

LATEST DATA PLOTTED WEEK ENDING:

MAY

JUN
JUL
1982

JANUARY 26,

AUG

SEP

OCT

NOV

DEC

JAN
FEB
1983

1983

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF $100,000 OR MORE.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS