Full text of U.S. Financial Data : February 4, 1988
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RESEARCH LIBRARY Federal Reserve Bank JffiSrfinancial Data FEB 0 8 1988 February 4, 1988 THE WEEK'S HIGHLIGHTS: s The commercial bank prime loan rate declined from 8.75 percent to 8.50 percent on February 2. This was the third decline since the mid-October peak of 9.25 percent. ^ The Department of Commerce's composite index of leading indicators decreased 0.2 percent in December, its third consecutive monthly decline. ^ Construction spending in December decreased 0.4 percent to a seasonally adjusted annual rate of $409.7 billion. For 1987 construction spending was $399.5 billion, a 2.8 percent increase over the 1986 level of $388.8 billion. ** Sales °f new single-family houses declined 6.2 percent in December to a seasonally adjusted annual rate of 603,000 units. New single family home sales totaled 674,000 units in 1987, down 10.1 percent from 750,000 in 1986. is New factory orders for durable goods in December increased 4.9 percent to a seasonally adjusted rate of $116.4 billion. Durable goods orders increased by 8.1 percent from 1986 to 1987. 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 276 ------------- 1---------- 1------ 1M BILLIONS OF DOLLARS ------------------------------- 276 BILLIONS NOV. DEC. 18 2 266.9 268.3 JAN. 13 267.6 271 .0 272.8 I I I 1 I I I 3 17 31 14 29 II 25 11 JAN FEB MAY MAR OCT JUN JAN NOV FEB PLOTTED RESERVE MAINTENANCE PERIOD ENDING: JANUARY 27. 1988 JUSTED NDgTARY^ASE CURrInCY HeTbJShE PUBLIC1'ANd''l^ii^VAULTS^ALL*1- WBlMtaMMVIKHBHni RECENT DATA ARE PRELIMINARY. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF TWO MAINTENANCE PERIODS ENDING /28/87 4/22/87 7/1/87 7/29/87 8/26/87 5.2 4.9 5.7 5.4 5.5 6.3 5.7 7.0 3.4 4.9 4.6 4.9 6.0 5.4 7.0 7.0 5.8 5.9 7.3 6.2 8.3 6.9 6.7 8.2 6.7 9.0 4.8 7.6 5.8 8.8 9/23/87 10/21/87 12/2/87 TO T HE AVERAGE OF gK. MAINTENANCE ODS ENDING: 7/ 1/87 7/29/87 8/26/87 9/23/87 10/21/87 12/ 2/87 1/27/88 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9.2 6.5 10.0 6.7 11.1 10.9 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SLA5UNALLY ADJUSTED BILLIONS OF DOLLARS 780 r----------- ,---------- ,------ BILLIONS OF DOLLARS ----------------- -----------=1 780 BILLIONS 752.3 752.3 756.8 758.4 766.3 II I 1 I I I I DEC 1986 JAN FEB MAR APR MAY JUN JUL 1987 SEP OCT DEC JAN LATEST DATA PLOTTED WEEK ENDING: JANUARY 25, 1988 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. BEPoilTSE*NDMTRAVELEB|NCHEC^D BY THE NWiiA“< PUBLIC- DEPOSITS, OTHER CHECKABLE MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 1/26/87 4/27/87 6/22/87 7/27/87 8/2A/87 9/28/87 10/26/87 11/23/87 TO THE AVERAGE OF FOUR WEEKS ENDING: 6/22/87 7/27/87 8/24/87 9/28/87 10/26/87 11/23/87 12/28/87 1/25/88 4.3 3.2 3.6 3.0 4.3 3.9 2.4 3.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -1.0 0.7 0.4 2.8 2.3 0.6 2.0 2.2 1.2 4.4 3.5 1.1 2.7 2.5 6.6 4.9 1.6 3.5 6.7 4.4 0.5 3.0 7.6 0.9 4.0 -5.4 0.5 1.0 PREPARED BY FEDERAL RESERVE BAfK OF ST. LOUIS 3 4 MONEY MULTIPLIERi/ CURRENCY COMPONENT OF MONEY STOCK v AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 3.1 -------------1---------- 1---------- 1 1988 NOV. DEC. — JAN. 16 30 14 28 11 25 RAT LQ 2.840 2.815 2.815 2.812 3.0 2.80( Ml MUL TIPLI R 2.9 2.9 2.8 ‘mi ■ 11 DEC 1986 JAN .11J-L 1 1 1 FEB MAR APR 1 1 1 1111 MAY JUN 111 1 UL 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I l i iil JUL 1987 LATEST DATA PLOTTED TWO WEEKS ENDINGt JANUARY 25. 1988 ILL IONS OF DOLLARS —i---------- -------------- 206 BILLIONS OF DOLLARS 206 ------------- 1---------- |------__ COMPOUNDED ANNUAL RATES _ OF CHANGE, AVERAGE OF ___ THE FOUR *EEKS ENDING “ JANUARY 25. 1988 FROM THE FOUR wtEKS ENDING: - NOV. 23, 1987 - OCT. 26, 1987 _ SEP. 28, 1987 11.9 13.5 \7, 1987 ~ JUL APR. 27, 1987 — JAN. 26, 1987 CURRENCY BILLIONS ----DEC. 21 199.4 200.8 201.7 201.5 202.7 202.7 I I I I 1.1 .LL JAN SEP FEB OCT 1986 LATEST DATA PLOTTED WEEK ENDINGt JANUARY 25, 1988 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 StASUNALLY BILLIONS OF DOLLARS 580 r----------- 1---------- 1------ ADJUSTED ILL IONS OF DOLLARS —|---------- ------------] 580 545.9 544.5 548.1 549.8 551.6 556.5 DEC 1986 JAN FEB MAR APR MAY JUN 5 10 JUL 1907 SEP OCT 2 10 30 14 28 DEC II 25 8 22 JAN 1988 LATEST DATA PLOTTED WEEK ENDING: JANUARY 25, 1988 DEPOSITORYKt^TITUT?OlS? 'S ™E SUM ^ DEMAND DEP°SITS AND OTHER CHECKABLE DEPOSITS AT ALL TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE 1/26/87 4/27/87 6/22/87 7/27/87 AVERAGE OF FOUR WEEKS ENDING: 8/24/87 9/28/87 10/26/87 11/23/87 TO THE AVERAGE OF FOUR WEEKS ENDING: 6/22/87 7/27/87 8/24/87 9/28/87 10/26/87 11/23/87 12/28/87 1/25/88 3. 1 1.7 2.4 1.5 3.2 2.2 0.4 1.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -3.7 -1.4 -1.9 1 . 1 0.1 -2. 1 -0.6 0.6 -0.9 3.2 1.4 -1.7 0.2 0.7 6. 1 3.0 -1.2 1.0 5.9 2.0 -2.8 0.0 5.7 -2.5 l.l -10.8 -3.9 -2.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT 12.0 r— PERCENT —i 12.0 5 19 DEC 1906 2 18 30 13 27 13 27 10 24 JAN FEB MAR APR 8 22 MAY 5 19 9 17 31 JUN JUL 1987 14 28 II AUG SEP 25 9 23 OCT 6 20 NOV 4 18 DEC 1 15 29 12 28 JAN FE 1988 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* FEBRUARY 5, 1988 DEC. 4 11 18 25 JAN. 1 8 15 22 29 FEB. 5 * 12 19 26 1968. 90 DAY CD'S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS' ACCEPTANCES CORPORATE AAA bonds CORPORATE Baa BONDS MUNICIPAL BONDS K* 7.61 7.75 7.88 7.61 7.38 7.03 6.99 6.87 6.77 6.65 7.28 7.77 8. 18 7.90 7.45 6.85 6.80 6.75 6.66 6.63 7.41 7.64 7.69 7.41 7. 17 6.89 6.83 6.73 6.62 6.52 10.06 10.14 10. 19 10.08 10.06 10.00 10.00 9.88 9.64 9.49 11.23 11.30 11.36 11.28 11.24 11.22 11.19 11.02 10.85 10.76 7.90 8.10 8.01 7.95 7.86 7783 7.83 7.61 7.51 N. A. NOTE* CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE. Sb/boNC^UYER 'SAAVER AGE' V NDEX 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 SELECTED INTEREST RATES AVERAGES OF DAILY RATES PERCENT PERCENT 11.0 11.0 - - 10.0 - i|RRATE 1 n n \R :uriti ES TREAS n i i / •V r k 1 - A i 1 L—> * ,✓ 5 19 1111 _LLL 1 1 1 JAN FEB 7.0 / MAR 111 10 24 APR 9 19 MAY 3 17 SI JUN JUL 1987 V /• / VA V V r INI -LLL 1111 ^ f' r' r S DISCC UNT RATE 16 SO IS 27 IS 27 DEC 1986 V MONTH TREAS URY B ill A, r~* a V—s ) i i / ™ A rJ v \ A _i____ !lll - 111 J.l l III! AUG OCT 14 28 II SEP 25 9 23 111 NOV INI 111 6 20 4 16 DEC —s I 19 JAN in' 29 12 26 FEB 1988 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt FEBRUARY 5, 1988. 1988 DEC. JAN. FEB. 4 1 1 18 25 1 8 15 22 29 5 X 12 19 26 FEDERAL FUNDS KX 3-MONTH TREASURY BILL 6-MONTH TREASURY billxxk 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 6.89 6.84 6.58 6.75 6.81 7.02 6.81 6.89 6.66 6.77 5.41 5.86 5.90 5.83 5.73 5.86 5.81 5.85 5.74 5.69 6.12 6.42 6.45 6.48 6.32 6.35 6.33 6.37 6. 19 6.11 6.55 6.74 6.73 6.71 6.66 6.66 6.63 6.45 6.33 6.25 8.40 8.54 8.50 8.41 8.38 8.37 8.33 8.08 7.91 7.75 9.22 9.39 9.26 9.03 9.05 9.07 9.08 8.79 8.61 8.43 NOTEi CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE EXCLUDING LONG-TERM TREASURY m AVERAGESU0F"^COMPUTED BY ™IS BANK< TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS. ** SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN W* AUCTION AVERAGE (DISCOUNT) http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 COMMERCIAL BANK SMALL TIME DEPOS I TS j/ LARGE TIME DEPOS ITS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 400 ------------- ,---------- ,------ “ ILL IONS OF DOLLARS -T---------- -------------- 400 385.5 JAN, 387.: 388.2 SMALL TIME DEPOSITS LATEST DATA PLOTTED WEEK ENDINGt JANUARY 25, 1988 BILLIONS OF DOLLARS 330 r----------- ,---------- ,----- 1M DEC. BILLIONS OF DOLLARS ------ ----------------------=] 330 BILLIONS 21 322.9 322.6 LARGE TIME DEPOSITS 320.4 321 .0 I I I I I 15 29 12 26 DEC 1986 JAN 9 23 FEB 9 MAR APR 4 18 I MAY JUN JUL 1987 15 29 13 27 10 24 AUG 7 21 5 19 SEP OCT 2 16 30 14 28 II NOV DEC JAN 8 22 FEB 1988 LATEST DATA PLOTTED WEEK ENDINGt JANUARY 25, 1988 1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 9100,000 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 BANK OF ST. LOUIS COMMERCIAL BANK TOTAL TIME DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS — DEC BILLIONS OF DOLLARS 885.0 885.3 887.2 885.9 887.5 884.7 12 2ft JAN ft 23 0 23 FEB 6 20 4 APR MAY 18 1 15 20 IS 27 10 24 7 21 5 10 SEP OCT 2 10 SO 14 2ft II 25 DEC 8 22 JAN LATEST DATA PLOTTED WEEK ENDINGt JANUARY 25. 1988 TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AW) LARGE TIME DEPOSITS. TOTAL TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDING. 1/26/87 4/27/87 6/22/87 7/27/87 8/24/87 8.9 8.3 7.9 7.1 7.4 8.8 8.5 8. 1 9.0 8.2 6.9 7.3 9.3 8.9 8.2 5.7 4.5 5.7 8.7 8.2 7.5 3.9 5.7 9.6 8.8 7.9 5.7 10.8 9.5 8.3 9/28/87 10/26/87 11/23/87 TO THE AVERAGE OF FOUR WEEKS ENDING: 6/22/87 7/27/87 8/24/87 9/28/87 10/26/87 11/23/87 12/28/87 1/25/88 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 16.3 12.4 10.0 13.4 10.1 4.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 10 BORROWINGS FROM FEDERAL RESERVE BANKS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS 3.0 ------------- 1---------- 1-----1988 BILLIONS OF DOLLARS -------- ---------------------- 3*° MILLIONS 6 2908 TOTAL BORROWINGS II I I LATEST DATA PLOTTED WEEK ENDINGi FEBRUARY 3, 1988 BILLIONS OF DOLLARS DEC. 30 6 BILLIONS OF DOLLARS 2460 ADJUSTMENT + SEASONAL BORROWINGS I I I I 3 17 31 14 28 II JAN 25 It 25 FEB 8 22 6 3 17 MAY JUN 15 28 12 28 9 23 7 21 4 18 OCT NOV 2 16 30 IS 27 10 24 JAN FEB 1986 LATEST DATA PLOTTED WEEK ENDINGt FEBRUARY 3. 1988 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS COMMERCIAL PAPER OF NONFINANCIAL COMPANIES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 95 MILLIONS DEC. 23 JAN. 6 80,974 78,287 87,629 86,519 84,676 80 3 17 31 14 28 II JAN FEB 25 II 25 8 22 MAR 6 20 3 17 7 21 4 MAY JUN OCT NOV 18 2 16 30 13 27 10 24 JAN FEB LATEST DATA PLOTTED WEEK ENDINGt JANUARY 27, 1988 * DASHED LINE REPRESENTS DATA USING A NEW REPORTING PANEL AND IS NOT COMPARABLE TO PREVIOUS DATA. BUSINESS LOANS u ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 295 COMPOUNDED ANNUAL RATES _ OF CHANGE, AVERAGE OF THE FOUR WEEKS ENDING DECEMBER 30, 1987 FROM THE FOUR WEfeKS ENDING: — OCT. SEP. SEP. JUL. JUL. APR. DEC. 28, 30, 2, 29, 1, 1, 31, 1987 1987 1987 1987 1987 1987 1986 3.8 6.2 -‘ 290 - -0.7 280 NOV. 25 DEC. 2 277,744 I I I I 5 10 3 17 31 14 28 11 JAN 28 II FEB MAR 25 8 22 1 LI 1 6 20 3 17 MAY JUN LATEST DATA PLOTTED WEEK ENDING: DECEMBER 30, 1 15 20 12 28 0 23 llJJJ 1 1,1 7 21 OCT NOV 1987 1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER. 2/ BANKS 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. 11 LOUIS 265
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