Full text of U.S. Financial Data : January 24, 1991

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Fede^^Seserve Bank
of St. Louis

... U.S. Financial Data

JAN 2 8 *?91---------------——--------------------------------------January 24, 1991

THE WEEK'S HIGHLIGHTS:
is

The M2 money stock rose at a 0.5 percent annual rate from the fourweek period ending September 17, 1990, to the latest four-week
period.

s

The federal funds rate averaged 6.88 percent for the week ending
January 23, down sharply from the 8.20 percent average for last
September.

is

The U. S. federal budget deficit was $7.4 billion in December, down
substantially from $48.1 billion in November and from $14.8 billion
a year earlier. The total deficit from October through December was
$86.9 billion, compared with $70.6 billion for the same period a year
earlier.

^

The seasonally adjusted merchandise trade deficit narrowed to
$9.7 billion in November from a revised $10.99 billion in October.
For the first 11 months of 1990, the adjusted trade deficit totaled
$94.95 billion, compared with $102.60 billion for the same period
in 1989.

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
332 ---------- 1------------- 1------

JLfiti
— NOV.

ILL IONS OF DOLLARS
—I------------- ----------- 332

BILLIONS
318.7
318.2

320.9

— JAN.

19 27

DEC
1989

326.9
330.3

10 24

7 21

7 21

4 10

JAN

FEB

MAR

APR

2

10 90 19 27

MAY

II

2S

JUN
JUL
1900

0 22

AUG

5 10

SEP

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDINGt JANUARY 23.

9 17 91

OCT

14 20 12 20

NOV

DEC

0 29

0 20

JAN
FEB
1991

1991

THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACC!lOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL
RfSERVE^BAf^<S .CIJRRELNK^Y IN CIRCULATION (CURRENCY HELD
oi THE
iric ruout
int VAULTS
vmjl o ur
D_BY
PUBLIC *rv
AND in
IN THE
OF all
ALL
DEPOSITORY INST ITUT IONS) 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
BANK,
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 ENDINGt
4/18/90

6/27/90

7/25/90

8/22/90

7.2
7.9
9.9
9.8
8.5
7.7
10.8

8.1
1 1.8
11.2
8.9
7.7
1 1.9

14.9
13. 1
9.6
8. 1
12.9

14.4
9.4
7.5
13.3

9/19/90 10/17/90 11/28/90

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDINGt
6/27/90
7/25/90
8/22/90
9/19/90
10/17/90
11/28/90
I2/26/90
1/23/91

6.2
6. 1
6.7
8. 1
8.2
7.5
7.0
9.4


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

5.6
4.3
12.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF OOLLARS

ILL IONS OF DOLLARS
8-45

820.8
824. 1
828.2
820.5

795

4 18

1

15 20 12 26 12 26
FEB
MAR

0 23

7 21
MAY

1989

4 18 2 16 30 13 27 10 24
JUN
AUG
SEP
1990

8 22

5 19

3 17 31

14 28 11 25
JAN
FEB
19

LATEST DATA PLOTTED WEEK ENDING: JANUARY 14. 1991
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
Mi»J^,JHE*S?lT8EuSH55iNSLSStD BY THE "O'**1* PUBLIC, DEMAND DEPOSITS, OTHER CHECKABLE
DEPOSITS ANU TRAVELERS CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING*.

1/15/90

4/16/90

6/11/90

7/16/90

8/13/90

3.0
3.6
3. 1
4. 1
4.3
3.6
3.5
3.7

1 .8
1.3
3.3
3.7
2.7
2.7
3. 1

3.2
5.7
5.8
4.1
3.8
4.2

5.5
5.7
3.5
3.3
3.8

8.6
4.7
4.2
4.6

9/17/90 10/15/90 11/12/90

TO THE AVERAGE
OF FOUR WEEKS
ENDING*.
6/11/90
7/16/90
8/13/90
9/17/90
10/15/90
11/12/90
12/17/90
1/14/91


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

1.3
1.8
2.9

-0.1
2.0

4.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

4

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK v
RATIO
3.0

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
3.0

---------- 1------------- 1---------- 1------1991

RATIO

OCT.

29

2.578

DE C.

26
10
24
7

2.57
2.57
2.57
2.53 5

JA N.

Ml Ml LTIPLI u
2.7

\

111 III! -LLL ILL -LLLL III
8 22

DEC
1989

JAN

5

10

FEB

S

111

10 2 10 SO 14 28 II

MAR

APR

MAY

JUN

25

1111

0 23

JUL
1990

III

6 20

AUG

LATEST DATA PLOTTED TWO WEEKS ENDING: JANUARY 7,

111

17

SEP

1111 -LLL 1 II 1 .11 1 l-LLL
1 13 28 12 » 10 24
7 21 4 10
OCT

NOV

DEC

JAN
FEB
1991

1991

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
254

I COMPOUNDED ANNUAL RATES
__ OF CHANGE. AVERAGE OF
-

250

januwu
i asENDING:
i r nUM
THE
FOUR 14,
W£EKS

— AUG.
I APR
___JAN.

15,
17,
13,
16,
16,
15,

246

1990
1990
1990
1990
1990
1990
1990

242
CURRENCY
238

234

230
MI
DEC.

10

1111111
4

10

I

15 20 12 26 12 20

FEB

MAR

0 23

7 21

4 18

MAY

JUN

2

10 SO 13 27 10 24

AUG

SEP

8 22

5 10

BILLIONS
245.0
245. ft

226

248. I

222

i.l. j 111111

3 17 31

14 28 II

JAN

25

FEB

1989
LATEST DATA PLOTTED WEEK ENDING: JANUARY 14, 1991
1/ RATIO OF MONEY STOCK (Ml ) TO ADJUSTED MONETARY BASE
2/ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.


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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
1991
DEC.

4

18

1

BILLIONS

of dollars

B ILL II
10
17
24

567.4
573.9
576.8
568.3
562.2

13 29 12 26 12 26

FEB

MAR

9 23

7 21

4

MAY

JUN

1989

18

2

16 30 13 27

AUG

10 24

8 22

S

19

3

17 31

SEP

1990

LATEST DATA PLOTTED WEEK ENDING: JANUARY 14.

14

JAN
FEB
1991

1991

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;
1/15/90

4/16/90

6/11/90

7/16/90

8/13/90

0. 1
1.0
0. 1
1.0
1.2
0.2
0.5
0.7

-1 .0
-2. 1
-0. 1
0.4
-1.0
-0.5
-0.0

0. 1
2.4
2.6
0.3
0.7
1.2

1 .2
1.8
-1.0
-0.1
0.5

5.1
0.4
1.1
1.6

9/17/90 10/15/90 11/12/90

TO THE AVERAGE
OF FOUR WEEKS
ENDING;
6/11/90
7/16/90
8/13/90
9/17/90
10/15/90
11/12/90
12/17/90
1/14/91


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

-3.4
-1.0
0.1

-2.8
-0.8

3.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

PERCENT

12.0 r—

—1 12.0

11.0

PRIME BANK
RATE

CORPORATE
Aaa BONOS

90 DAY
CD1 S

COMMERCIAL
PAPER

MUNICIPAL
BONDS

DEC
1989

JAN

FEB

MAR

APR

MAY

JUN

JUL
1990

AUG

SEP

OCT

NOV

DEC

JAN
FEB
1991

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

1991
DEC.

JAN.

FEB.

7
14
21
28
4
1 1
18
25 *
1
8
15
22

1991.

90 DAY
CD'S

30-DAY
COHMERC1AL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS K*

7.96
7.54
7.79
8. 13
7.35
7.30
7.33
7.03

8.23
7.79
8.23
9.01
7.57
7.22
7.27
6.85

7.68
7.33
7.60
7.95
7.08
7.05
7. 13
6.79

9. 13
9.03
9.02
9.04
9.02
9.05
9.08
9.06

10.46
10.37
10.44
10.47
10.38
10.51
10.51
10.45

7.06
7.05
7. 1 1
7. 14
7.09
7. 15
7. 10
N. A.

NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.I5 RELEASE.
* AVERAGES OF RATES AVAILABLE
** BOND BUYER’S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA
N.A. - NOT AVAILABLE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST

LOUIS

SELECTED

^^NT

INTEREST RATES

AVERAGES OF DAILY RATES
11 .0

10.0

TREASURY SECURITIES
9.0
FEDERAL
FUNDS RATE

TREAS1

DISCOUNT RATE

I I I I
1 13 29 12 26 9 23
JAN
FEB
1989

9 23

6 20
APR

4 18
MAY

I 11 I
1 15 29 13 27 10 24

7 21
SEP

5 19
OCT

1990

2 16 30 14 28 11 25 8 22
DEC
JAN
FEB
1991

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

1991
DEC.

JAN.

FEB.

7
14
21
28
4
1 1
18
25 *
1
8
15
22

1991.

FEDERAL
FUNDS X*

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL MMM

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

7.60
7.25
7.29
7.16
7.17
6.40
6.77
6.88

6.99
6.83
6.66
6.48
6.47
6.31
6.07
6. 10

6.96
6.74
6.77
6.57
6.48
6.51
6.21
6.21

6.78
6.64
6.53
6.51
6.37
6.30
6.22
6.19

7.80
7.65
7.69
7.79
7.62
7.77
7.77
7.69

8.35
8. 16
8.25
8.35
8.21
8.41
8.35
8.25

NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.15 RELEASE EXCLUDING LONG-TERM TREASURY
SECURITIES WHICH ARE COMPUTED BY THIS BANK.
TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS.
* AVERAGES OF RATES AVAILABLE
MM SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN
3M8K AUCTION AVERAGE (DISCOUNT)


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST, LOUIS

7

8

MONEY STOCK ( M2 )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
3350

-

1991
DEC.

JA N.

BILLIONS OF DOLLARS
3350

1---------

r~

:
-

billions
10
17
24

3320.5
3324.7
3323.8

7
14

33 H
331C .9

-

.’5

'

V

/
r

\

/

U

-

V

y
-

A

A

A

-

J.

Ill
A 18
DEC
1989

-

mi -i ii- -i.i i

llll ■ LLL. -U 1

15 29 12 28 12 26 8 23
JAN
FEB
MAR
APR

7
MAY

JON

llll

in -LLL -LLLL -LLL -LLLL ■ ILL
30 13 27 10 2A
AUG
SEP
OCT

JUL
1990

3 17 31 \4 28 11 25
DEC
JAN
FEB
1991

LATEST DATA PLOTTED WEEK ENDING* JANUARY 14, 1991
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE
M2 IS THE SUM OF Ml. OVERNIGHT RPS ISSUED BY ALL COMMERCIAL BANKS, OVERNIGHT EURODOLLARS ISSUED
IPiA.U.-S4,niS,lRiyi?-r!* FOREIGN BRANCHES OF U.S. BANKS, MONEY MARKET DEPOSIT ACCOUNTS, SAVINGS AND
DETAIL7 SEEDTHESHT6'RELEASENERAL PURP0SE AND BROKER/DEALER MONEY MARKET MUTUAL FUn6s. FOR MORE

MONEY STOCK (M2)
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

1/15/90

4/16/90

6/11/90

7/16/90

8/13/90

3.6
3.9
3.5
4. 1
4.0
3.3
3. 1
2.9

1.5
1.3
2.9
2.8
2.0
2.0
1 .8

3.0
4.8
4.3
3.0
2.7
2.4

4.8
4.1
2.4
2.2
1.9

5.7
3.0
2.6
2.2

9/17/90 10/15/90 11/12/90

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
6/11/90
7/16/90
8/13/90
9/17/90
10/15/90
11/12/90
12/17/90
1/14/91


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

-0.2
0.5
0.5

-0.4
-0.2

1.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ALL DEPOSITORY INSTITUTIONS
TOTAL TIME DEPOSITS!/
LARGE TIME DEPOSITS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
2185
_—1-------- 1-------- 1-------

BILLIONS OF DOLLARS
2185

1m.

I COMPOUNDED ANNUAL *TES
_ OF CHANGE. AVERAGE )F
___THE FOUR WEEKS END 1 'JG
_ JANUARY 14, 1991 FR()M
_ THE FOUR WEEKS END If'K3:

DEC .

I

JAN .

NOV.
OCT.

12,

1990

13,
16,
16,

1990
1990
1990

15.
1990
17, 1990

-1,!
-1 .
-2.
-2.(
-2.
-2.

2069.7
2073.6
2071.7
2065.1
2068.8
2074.0

31

7
14

“
—
“
”

2165

2H5

2125

1111

- SE P.
- AU G.
- JU L.
- AP R.
- JA

BILLION?

10
17
24

TOTAL TIME )EPOS TS
1

LL

L

=

1 1

1

L

/

IN I

2085

2065

111

lui

1 1 1

1 1 1

till

-LLL

111

in. i -Ll 1

in

Ll 1 1

111

1111

i

111 _LLL

LATEST DATA PLOTTED WEEK ENDINGc JANUARY 14, 1991
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
580

ISSI
DEC.

SiLklONS =

10

570

500.5
560
501.4
550

LARGE TIME DEPOSITS

540
530
520
510
500
490

4 18

1

15 2ft 12 26 12 26
FEB
MAR

1989

0 23

7 2)
MAY

4 18 2 16 30 15 27 10 24
JUN
AUG
SEP
1990

LATEST DATA PLOTTED WEEK ENDING; JANUARY 14,

8 22

5 10

5 17 51 14 28 II 25
JAN
FEB
1991

1991

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


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

BORROWINGS FROM FEDERAL RESERVE BANKS
BILLIONS OF DOLLARS
4.5 r--------- 1------------- 1------

1281

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
—------------- -------- Z1 *-5

MILLIONS

TOTAL BORROWINGS
1554

LATEST DATA PLOTTED WEEK ENDING* JANUARY 25.

1991

BILLIONS OF DOLLARS
2.5 ---------- --------------------

BILLIONS OF DOLLARS
------i------------- 1---------- 2.5
1221

MILLIONS

ADJUSTMENT + SEASONAL
BORROWINGS

6 20

3 17 31

M » M » II 25

FEB

MAR

APR

8 29

6 20

4 18

JUN

JUL

1

IS 29 12 26 10 24

2 16 90 19 27

NOV

DEC

LATEST DATA PLOTTED WEEK ENDING* JANUARY 25. 1991


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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
165
160

DEC. 12
147,809
— JAN.

139,246

155

147,099
150
145
140
135
130
125

31

14 28

FEB

14 28 II

MAR

25

B 23

APR

6 20

4

JUN

JUL

18

1

15 20 12 28 10 24

7 21

5 10

NOV

DEC

2 10 30 13 27

LATEST DATA PLOTTED WEEK ENDING: JANUARY 16, 1991

BUSINESS LOANS 17
( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORT ING LARGE COMMERCIAL BANKS
BILLIONS OF DOLLARS

SEASONALLY ADJUSTED

V

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR *EEKS ENDING
JANUARY 9, 1991 FROM
THE FOUR WEEKS ENDING: “
7, 1990
NOV.
OCT.
10,1990
SEP.
12,1990
AUG.
8, 1990
JUL. 11, 1990
APR.
11,1990
JAN.
10,1990

-8.3
-6.0
-5.6
-4.3
-4. 1
-3.1
-2.0

-

14 28 11

FEB

MAR

APR

25

8 23

6 20

4

JUN

JUL

18

I

15 20 12 20 10 24

7 21

5 19

NOV

DEC

2 10 30 13 27

LATEST DATA PLOTTED WEEK ENDING: JANUARY 9, 1991
1/ BUSINESS LOANS INCLUDE BANKERS’ ACCEPTANCES AND COfcMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN tl.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BAftt OF ST. LOUIS

11

DOLLAR'S TRADE-WEIGHTED EXCHANGE INDEX
AVERAGES OF DAILY FIGURES
1973-100

1973-100

DEC.

19
84.7
83.9

6 20

3 17 31

14 28 14 28 11

FEB

MAR

APR

25

0 23

8 20

4 18

JUN

JUL

1

IS 28 12 28 10 24

7 21

5 18

NOV

DEC

2 16 30 13 27

LATEST DATA PLOTTED WEEK ENDINGt JANUARY 23, 1991
NOTEt

CURRENT DATA APPEAR IN THE BOARD OF GOVERNOR’S H.IO RELEASE.

DATA ARE WEIGHTED AVERAGES OF THE FOREIGN-CURRENCY PRICE OF THE U.S. DOLLAR, COMPUTED USING
10 INDUSTRIAL COUNTRY CURRENCIES.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

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