Full text of U.S. Financial Data : January 25, 1990

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Bank
Fede
■of St. Louis

ancial Data
January 25, 1990
JAN 3 01990----------------------------------------------——-------------------------------------------------------------------------

THE WEEK'S HIGHLIGHTS:
^

Federal spending exceeded revenues by $14.64 billion in December
1989. Spending totaled $103.77 billion, 1.3 percent less than in
December 1988, while revenues declined 4.9percent to $89.13 billion.
For the first three months offiscal 1990, October through December
1989, the federal budget deficit totaled $69.69 billion, up from a
$67.59 billion deficit for the same period of fiscal 1989.

V*

Housing starts fell 8 percent in December to an annual rate of
1,235,000 units, the lowest monthly level since October 1982. The
decrease in December followed a revised decline of 5.7 percent in the
previous month to 1,342,000 units.

s

Business loans at weekly reporting large commercial banks (p. 11)
have been revised to reflect new seasonal factors as well as mergers
and other structural changes during 1989. Business loans are
estimated to have risen 4.5 percent in 1989, up slightly from the
4.3 percent previously reported.

niK,

IKDIRVI
ARESERVE
JU HANK of
ST.IXM IS

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

BILLIONS OF DOLLARS
------------------- ----------- 308

195.7

H 28 II 28 • 22 • 22
DEC
JAN
FEB
MAR
1988

5 19
APR

9 17 31 14 29 12 26 9 29
MAY
JUN
JUL
AUG
1989

6 20
SEP

4 18
OCT

1 19 29 13 27 10 24 7 21
NOV
DEC
JAN
FEB
1990

LATEST PLOTTED RESERVE MAINTENANCE PERIOD END INOi JANUARY 24, 1090
ETARY BASE IS THE SUM OF
------------- IN CIRCULATION Cl

S OF FINANCIAL INSTITUTIONS AT FEDERAL
ND IN T
he VAULTS OF ALL
BY THE PUBLIC AND
THE
AT ------------.RATIO
... --iTIO
CHANGES.
CHANGES.
THE MAJ
THE MAJOR
DIT. DATA ARE COMPUTED BY THIS
............ BLE FROM THIS BANK.

RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDING!
Z25/89

4/19/89

6/28/89

7/28/89

8/23/89

3.5
2.4
2.8
3.1
3.0
3.3
6. 1

2.0
2.9
3.4
3. 1
3.5
7.2

1.6
2.7
2.6
3.1
7.5

4.8
3.8
4.1
9.2

9/20/89 10/18/89 11/29/89

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDINGt
6/28/89
7/26/89
8/23/89
9/20/89
10/18/89
11/29/89
12/27/69
1/24/90

0.0
0.8
0.5
1.0
1.4

i.e

1 .9
4. 1


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

3.4
4.0
10.2

3.6
11.8

19.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
815

795

5 19

2 16 90 IS 27 IS 27 10 24
FEB
MAR
APR

6 22

8 19

9 17 SI

14 29 II 25
AUO
SEP

9 29

0 20
NOV

4 19
DEC

I

15

LATEST DATA PLOTTED WEEK ENDING: JANUARY 15, 1990
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.

miVtiaNBjmrsdKBY

THE ******PUBL|C****** deposits'

other checkable

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS END 1NGt
1/16/89

4/17/89

6/12/89

7/17/89

8/14/89

2.5
2.7
5.2
4.5
5. 1
5.6

2.2
5.7
4.7
5.4
5.9

7.9
5.8
6.4
6.9

9/18/89 10/18/89 11/15/89

TO THE AVERAGE
OF FOUR WEEKS
ENDING*.
6/12/89
7/17/89
8/14/89
9/18/89
10/16/89
11/13/89
12/18/89
1/15/90

-4.6
-3. 1
-2.6
-1.8
-0.2
-0.1
0.7
1.3


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

-3.7
-2.6
-1.4
0.9
1 .0

1.9
2.6

7.6
7.7
8.0

4.9
6.1

8.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO

3.0

1

RATIO

3.0

1

1990

RATI 4

OCT.

N0V-

30

i?

2.681 i

D£ C.

11
25
8

2.691
2.70
2.67

JA N.

i!
i

2.6

2.8
Ml ML LTIPLI [R

\

2.6

2.6

lu. -LUX 111 -LLL
XXL 1 1 1 1 -LLL LUX 1. XLL -LLL XILL -LLL III
12 26

DEC

0 23

JAN

6 20

6 20

3 17

I

FEB

MAR

APR

MAY

16 29 12 20 10 24

1986

JUN
JUL
1989

LATEST DATA PLOTTED TWO WEEKS ENDING: JANUARY 8,

7 21

4 10

AUG

SEP

Nil

2 10 30 13 27 II 25

OCT

NOV

8 22

DEC

XXL
5 10

JAN
FEB
1990

1990

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
------------------------------- 228

'OUNDED ANNUAL RATES

....

HE FI

15. 1990 FROM
WEEKS ENDING:

.

CURRENCY
— AP

1S8Q

BILLIONS
221.1
222.0

I II I I
6 19

DEC

2

10 30 13 27 13 27 10 24

JAN

FEB

MAR

APR

6 22

MAY

8 19

3 17 31

JUN
JUL
1989

14 20 II

AUG

28

SEP

9

OCT

■LLI1 1 I I I

0 20

4 10

I

NOV

DEC

JAN
FEB
1990

15 29 12 20

LATEST DATA PLOTTED WEEK ENDING: JANUARY 15, 1990
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

IM
DEC.

II

BILLIONS OF DOLLARS
585

BILLIONS
564.9
566.0

572.1
563.7
559.3

5 18

2

10 30 13 27

FEB

575

13 27 10 24

MAR

8 22

5 18

3 IT SI

APR

14 28 II 25

AUG

LATEST DATA PLOTTED WEEK ENDlNGt JANUARY 15.

8 23

SEP

8 20

4

NOV

DEC

18

I

15 28 12 26

1990

JOT^|CHECKA^E|DEPOSITS IS THE SUM OF DEMAM) DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDING.
1/16/89

4/17/89

8/12/89

7/17/89

8/14/89

-6.4
-4.7
-3. 1
-0. 1
0. 1
1.2
1 .8

2.7
2.5
5.8
5.0
5.5
5.8

1.8
6.6
5.3
5.9
6.2

9.1
6.6
7.0
7.1

9/18/89 10/18/89 11/13/89

TO THE AVERAGE
OF FOUR WEEKS
EMJINGt
8/12/89
7/17/89
8/M/89
9/18/89
10/16/89
11/13/89
12/18/89
1/15/90

-8.0
-5.9
-5.0
-4.0
-1.9
-1 .6
-0.6
-0.0


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

9.4
8.9
8.5

5.0
5.7

7.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

PERCENT

12.0

11.0

9.0

7.0

2

10 50 15 27 10 24

JAN

10 24

FEB

7 2)

5 IB

APR

MAY

1988

2 16 30 14 28 II

JUL
1989

28

8 22

AUG

8 20

9 17

OCT

NOV

I

18 29 12 26

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* JANUARY 26.

1990
DEC.

1
8
15
22
29
JAN.
5
12
19
26 X
FEB.
2
9
16
23

DAY
CD'S
8.27
8.26
8.35
8.37
8.33
8. 15
8. 13
8. 17
8.19

9 29

JAN
FEB
1990
1990.

30-DAY
COMMERCIAL

90-DAY
BANKERS*
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS x»

8.42
8.53
8.61
8.67
8.66
8.25
8. 16
8. 18
8.19

8. 12
8. JO
8. 19
8. 15
8. 16
7.96
7.92
7.99
7.99

8.88
8.86
8.85
8.85
8.88
8.89
8.92
8.98
9.02

9.83
9.81
9.81
9.82
9.85
9.86
9.87
9.93
9.97

7.04
7.00
6.99
6.96
6.97
7.03
7.03
7.14
N.A.

NOTE.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE.
* AVERAGES OF RATES AVAILABLE
Wt 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

INTEREST RATES

AVERAGES OF DAILY RATES

PERCENT
II.0

0.0

TREASURY

ITIES

DISCOUNT RATE

2 16 SO 19 27 10 24 10 24
JAN
FEB
1988

7 21
APR

8 19
MAY

2 18 90 14 28 II 25
JUL
AUO
1989

8 22

8 20
OCT

9 17
NOV

I

IS 29 12 28 9 29
JAN
FEB
1990

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt JANUARY 26. 1990.

1990
DEC.

1

e

JAN.

FEB.

15
22
29
5
12
19
26 X
2
9
16
23

FEDERAL
FUNDS *0*

3—MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL son

l-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

8.51
8.52
8.47
8.52
8.38
8.32
8.22
8.20
8.23

7.63
7.61
7.65
7.60
7.68
7.59
7.53
7.72
7.69

7.45

7.21
7.22
7.22
7.15
7.27
7.30
7.26
7.42
7.43

7.77
7.74
7.72
7.69
7.88
7.91
7.94
8.17
8. 19

8.00
7.99
7.98
7.94
8.09
8.14
8.21
8.39
8.41

7.30
7.41
7.43
7.64
7.52
7.44
7.54
7.58

lOTEt CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE EXCLUDING LONG-TERM TREASURY
£ AVERA^SUOFTRATESHAwIlLABLE0WPUTED BY ™IS BAf**
TREASURY BILL Y,ELDS ARE ON A DISCOUNT BASIS.
ep,


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

ew,n8 ™°

days

ml,“

than date

^

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8

MONEY STOCK ( M2 )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
9250

3225

3200

3125

3100

8 10

2 16 30 19 27 IS 27 10 24
FEB
MAR
APR

8 22

1988

5 10

8 17 SI 14 28 II 25
AUG
SEP

0 23

6 20
NOV

4 18
DEC

1989

15 20 12 28
1990

LATEST DATA PLOTTED WEEK ENDING* JANUARY 13, 1990
CURRENT DATA APPEAR IN THE BOARD OP GOVERNORS' H.6 RELEASE
M2 IS THE SUM OF Ml
TO U.S. --------------------SMALL T_____________
„
DETAIL, SEE THE H.6 RELEASE

MONEY STOCK (M2)
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING*
1/16/89

4/17/89

6/12/89

7/17/89

8/14/89

1.0
2.6
3.4
3.9
4.3
4.6
5. 1
5.0

3.3
4.6
5. 1
5.6
5.8
6.3
6.1

9.2
8.4
8.4
8. 1
8.3
7.9

7.9
7.9
7.7
8.1
7.6

7.5
7.3
7.9
7.3

9/18/89 10/16/89 11/13/89

TO THE AVERAGE
OF FOUR WEEKS
ENDING*
6/12/89
7/17/89
8/14/89
9/18/89
10/16/89
11/13/89
12/18/89
1/15/90


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

7.5
8.2
7.4

8.3
7.2

7.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ALL DEPOSITORY INSTI TUT IONS
TOTAL TIME DEPOS I TS 1/
LARGE TIME DEPOSITS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

1TIME 1)EPOSn

CO

BOUNDED ANNUAL R/
CHANGE. AVERAGE
e four Weeks endii
MUARY 15, 1990 FR<
E FOUR WEEKS END II43.
V.
T.
P.

989
989
989

17,
17,
ie;

989
989
989

TS

-

0.; •
O.i
-0.

=
2080

ID s

1111

L.
R.
n.

13,
16,
18,

TOTAL

BILLIONS OF DOLLARS
2140

3.
5.

i i i i

MIL.

2080

1
Ul

2110

111111111 11111

BILLIONS OF DOLLARS
2 MO
1

1990

111

LLU...1.

111

111

111

111-l.

Ill Illli III

1 1 1 -in i

i

U

JAN.

1 2099.4
8 2100.7
15 2105.1

i

2100.!
2104.'

i

DEC •

i i

BILL 101

gs

^T T T

2020
i990

_
_

1990

ii Iii i 1 i i i i l i i i;

LATEST DATA PLOTTED WEEK ENDING. JANUARY 15, 1990
BILLIONS OF DOLLARS

I

ism

DEC

9 10

BILLIONS OF DOLLARS

BILLION?.
LARGE TIME DEPOSITS

2 10 90 19 27 19 27 10 24
FEB
MAR
APR

1988

8 22

9 10

9 17 91 14 28 II 29
AUG
SEP

1989

0 23

8 20
NOV

4 18
DEC

1

19 20 12 28
1990

LATEST DATA PLOTTED WEEK ENDING. JANUARY 15, 1990
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
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
5.5 p------- i---------- i---------

BILLIONS OF DOLLARS
------------------- -------- 13 5.5

— JAN.

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDING, JANUARY 24, 1000
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

-

ADJUS

7 21

4 18

I

DEC

JAN

FEB

18

I

18 20 12 28 10 24

+ SEASONAL
IOWI NOS

7 21

8 10

JUN

JUL

2 18 30 15 27 II 28

8 22

6 20

5 17 81

14 28

LATEST DATA PLOTTED WEEK ENDING, JANUARY 24, 1000


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

PREPARED BY FEDERAL RESERVE BAM OF ST. LOUIS

2.0

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
BILLIONS OF DOLLARS
MO rz------- 1---------- ,--------

NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
---------------------------- Z3 MO

127,452

7 21
DEC
1988

4 10
JAN

I 15
FEB

I 15 20 12 26 10 24
MAR
APR

7 21

5 10
JUN
JUL
1989

2 16 50 19 27 11 25 6 22
AUG
SEP
OCT
NOV

6 20
DEC

3 17 51 14 28
JAN
FEB
1990

LATEST DATA PLOTTED WEEK ENDING* JANUARY 17, 1990
* DASHED LINE REPRESENTS DATA USING AN OLD REPORTING PANEL AND IS NOT COMPARABLE TO CURRENT DATA.

BUSINESS LOANS 17

( COMMERCIAL

AND

INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SLASUNALLT ADJUSTED

BILLIONS OF DOLLARS
330 ---------- 1---------- ,--------

ILL IONS OF DOLLARS
—|------------- ----------- 330

_ COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
the four *eeks ending
- JANUARY 10. 1990 FROM - THE FOUR WEEKS ENDING*
”
“
_

NOV.
OCT.
SEP.
AUG.
JUL.
APR.
JAN.

8,
11,
13,
9,
12,
12,
11,

1989
1989
1969
1989
1989
1989
1989

-6.4
-4.3
-3.7
-2.0
1.6
3.3
4.5

-

_

MILLIONS
DEC.

6

321,038
7 21
DEC
1988

4 15
JAN

I 15
FEB

1

15 20 12 26 10 24
MAR
APR
MAY

7 21 5 10
JUN
JUL
1989

LATEST DATA PLOTTED WEEK ENDING* JANUARY 10,

2 16 50 13 27 II 25
SEP
OCT

1LLLLL
0 22

0 20

111 1 1
3 17 31 14 20

1990

1/ BUS I NESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMCRCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN #1.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

DOLLAR’S TRADE-WEIGHTED EXCHANGE INDEX
AVERAGES OF DAILY FIGURES

1973-100
118

94.7
93.6
110

106

7 21

4

DEC

JAN

18

I

18

I

FEB

IS 20 12 28

10 24

7 21

5 10

JUN

JUL

2

16 90 18 27

II

28

8

8 20

3 17 SI

14 28

LATEST DATA PLOTTED WEEK ENDINGi JANUARY 24. 1990
NOTE*

CURRENT DATA APPEAR IN THE BOARD OF GOVERNOR’S H.10 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