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TS. Financial Data

L1BK

m

3 0 1984

January 27,1984

Financial data are revised at the beginning of each year to
reflect changes in seasonal patterns. Data on the adjusted
monetary base and adjusted reserves series are now on the
revised basis (see pages 2 and 3). The revised series use new
seasonal adjustment factors incorporating data from 1583,
whereas the series reported in 1983 were based on seasonal
patterns from 1982 and before.
The following table contains the compounded annual
growth rates of both the old and the revised series for base and
reserves for each quarter of 1983. As these data indicate, the
growth rates for the base and adjusted reserves were lowered in
the first two quarters of the year and raised in the last two
quarters. Over the year as a whole, the growth rates showed
only minimal changes.
Adjusted
monetary base
Period
IV/82
1/83
11/83
III/8 3

1/83
- 11/83
- III/83
- IV/83

Old
12.4%
11.6
5.7
7.4

Revised
11.4%
10.9
6.8
8.0

Adjusted reserves
Old
15.1%
12.9
0.0
1.5

Revised
11.5%
10.4
3.8
4.5

—A. Steven Holland

THE
FEDERAL
A RESERVE
IIANK of
nr ST. EDI TS


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

m±
DEC.

BILLIONS OF DOLLARS
204

BILLIONS

202

21
>00.3

JAN.

200

201 .7

201 .7
202.5
198

196

194

192
190

186

162

I

15 28 12 28

JAN

8 23

8 23

6 20

4 18

APR

FEB

I

15 28 13 27

10 24

7 21

S

SEP

MAY

OCT

IS

2 16 90 14 28 II

DEC

25

8 22

JAN

LATEST DATA PLOTTED WEEK ENDING: JANUARY 25. 1984
THE ADJUSTED MONETARY BASE CONSISTS OF: < 11 RESERVE ACCOUNTS OF FINANCIALnINSTI'TUT\ONS AT
FEDERAL RESERVE BANKS. (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE
VAULTS OF ALL DEP0SIT6RY 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, AVERAGE OF FOUR WEEKS ENDING:
1Z26/83

4/27/83

6/22/83

7/27/83

8/24/83

12.2
10.3
9.6
9.4
9.3
9.3
8.7
8.8

8.0
7.4
7.6
7.7
7.8
7.3
7.6

3.9
5.5
6. 1
6.6
6. 1
6.7

7.0
7.4
7.7
6.9
7.4

8.2
8.4
7.3
7.8

9/28/83 10/26/83 11/23/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
6/22/83
7/27/83
8/24/83
9/28/83
10/26/83
11/2S/83
12/28/83
1/25/84


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

8.5
6.9
7.6

6.3
7.5

6.8

PREPARED BY FEDERAL RESERVE BAM< OF ST. LOUIS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
StASUNALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILLIONS

SS.O

I I I I I M I
JAN

FEB

MAR

APR

MAY

JUN

li-I I I I I I I I I I

JUL

SEP

1982

10
OCT

2 IS SO 14 28 II 25
DEC
JAN

0 22

1983
LATEST DATA PLOTTED ¥€EK ENDING; JANUARY 18, 1984

URCULATIONi0LEs!

RESERVE

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF
FOUR WEEKS ENDING:
1/19/83
4/20/83 8/15/83 7/20/83 8/17/83 B/21/83 I0/I8/BS 11/18/83
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
6/15/83
7/20/83
8/17/83
9/21/83
10/19/83
11/16/83
12/21/83
1/18/84

12.5
10.4
8.2
7.9
6.5
7. 1
6.8
5.3


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Federal Reserve Bank of St. Louis

5.4
2.9
3,6
2.3
3.6
3.6
2.0

-1.1
1.4
0.0
2.2
2.5
0.6

1 . 1
-0.7
2.3
2.6
0.4

4.5
4.4
1.3

3.7
3.7
0.0

K5

-3.1

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
535

BILLIONS
Z

DEC.

14

530

520.7
525

521.4

520
515
510
505
500
405
490
485

I

15 29 12 26

JAN

9 23

9 23

6 20

4 18

APR

FEB

I

7 21

15 29 13 27 10 24

5 19

SEP

MAY

1982

OCT

2

19 30 14 28 II

DEC

25

8 22

JAN

1983

LATEST DATA PLOTTED WEEK EM)INGt JANUARY 18, 1984
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE
Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLI
------------- -PUBLIC (EXCLUDING THOSE HELD BY FI______
HELD BY THE
DEPOSITS OF ALL DEPOSITORY INSTITUTIONS
AND OTHER CHECK.

CIAL BANK DEMAND OEPOSITS
NKS AND OFFICIAL INSTITUTIONS)
US TRAVELERS’ CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE.

AVERAGE OF FOUR WEEKS ENDING:

1/19/83

4/20/83

8/15/83

7/20/83

8/17/83

16.5
14.3
13.8
1 1.3
10.7
9.5
9.2
9.0

14.0
13.2
9.5
8.8
7.3
7.2
7.2

7.6
4.0
4.2
3.1
3.8
4.2

3.3
3.9
2.5
3.4
4.0

1.0
0.2
1.9
2.8

9/21/83 10/19/83 11/16/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
8/15/83
7/20/83
8/17/83
9/21/83
10/19/83
11/18/83
12/21/83
1/18/84


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Federal Reserve Bank of St. Louis

1.6
3.5
4.3

2.8
4.1

6.8

PREPARED BY FEDERAL RESERVE BAM< OF ST. LOUIS

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

RATIO

1984
DEC.

RATIO
14

2.604

Ml MULTIPLIER

LATEST DATA PLOTTED WEEK ENDING: JANUARY 18. 1984
BILLIONS OF DOLLARS
150

BILLIONS OF DOLLARS
150

_------- 1------- 1------- 1---------

148
146
144
142
140

-

COMPOUNDED ANNUAL RAT ES

—THE CHANGE. AVERAGE OF
- OF FOUR *EEKS ENDING
JANUARY 18. 1984 FRON
--- THE FOUR WEEKS ENDING
“ NOV.
- OCT.
- SEP.
AUG.
—JUL.
- APR.
JAN.

16, 1983
19, 1983
21, 1983
17, 1983
20, 1983
20, 1983
19, 1983

148

:
-

9.5
9.8
10.2
10.0
9.5
9.5
10.1

CURRENCY

-

-

-

ta —

-/

DEC.

-

JAN.

132
130

142
140

-

136
134

144

-

-

138

146

-i. 111

111

111

DEC
1982

JAN

FEB

I

IS 29 12 26

0

1111 -LI 1 1 1 1
23 6 23 6 20
MAR

APR

MAY

III! -L1..I

Mil _LJ 1

15 29 13 27 10 24

JUN
JUL
1983

AUG

21
SEP

1 1 1

S 19
OCT

14
21
28
4
11
18

145.6
145.9
146.5
147.1
147.5
147.7

132
130

i
1111 11111111 -J-I.J 1
2 16

NOV

» II 25 8 22
JAN
FEB
1984

LATEST DATA PLOTTED WEEK ENDING: JANUARY 18, 1984
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.

5

134

LOUIS

6
ELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
15.0

14.0

12.0

PRIME BANK
LOAN RATE

MUNICIPAL
BONOS

90 DAY
CD'S

JAN

FEB

OCT

NOV

JAN

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt JANUARY 27,

1984
DEC.

JAN.

FEB.

2
9
16
23
30
6
13
20
27 *
3
10
17
24

FEB

1984

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS X8K

9.34
9.52
9.84
9.83
9.67
9.57
9.44
9.35
9.41

9.06
9.33
9.70
9.78
9.66
9.36
9.22
9. 18
9.23

9.21
9.41
9.74
9.70
9.54
9.36
9.29
9.24
9.29

12.39
12.51
12.66
12.61
12.56
12.53
12.43
12.01
11.96

13.63
13.69
13.79
13.79
13.79
13.75
13.71
13.61
13.57

9.82
9.91
10.04
9.92
9.76
9.66
9.66
9.60
N. A.

* AVERAGES OF RATES AVAILABLE.
X6K BOND BUYER'S AVERAGE INDEX 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 ENDED FRIDAY

PERCENT
14.0 r—

PERCENT
14.0

[CURITIES

TREASURY

FEDERAL
FUNDS RATE

TREASUf

3

17 31

DEC
19®2

M 28 11 25 II

JAN

FEB

25

MAR

8 22

APR

6 20

3

MAY

JUN

17

I

15 20 12 28
—

JUL
1983

AUG

0 23
- —

SEP

•

4

OCT

18

NOV

2 18 30 13 27 10 24

DEC

JAN
FEB
1984

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING, JANUARY 27,

1984
DEC.

JAN.

FEB.

2
9
16
23
30
6
13
20
27 *
3
10
17
24

FEDERAL
FUNDS**

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL *K*

1-YEAR
TREASURY
BILL

9.27
9. 49
9.52
9.62
8.96
10.06
9.53
9.54
9.53

8.88
8.97
9.09
9.00
8.96
8.95
8.88
8.88
8.93

9.0S
9. 16
9. 12
9.24
9. 14
9. 19
9. 10
8.92
9.01

9. 15
9.23
9.28
9.25
9.22
9. 19
9.09
9.02
9.06

5-YEAR
TREASURY
SECURITIES
11.38
11.52
11.62
11.55
11.54
11.50
11.42
11.29
1 1.31

I9B4

LONG-TERM
TREASURY
SECUR1T1ES
11.61
11.78
11.82
11.78
11.69
11.56
11.59

m AVERAGES OF RATES AVAILABLE.

than date

NEW ISSUE RATE


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

C0UPUTED BY THE FE0ERAL RESERVE B"«

ST. LOUIS.

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
TOTAL CHECKABLE DEPOSITS 1/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
380 r----------- ,---------- 1------

1984
DEC.

14

BILLIONS OF DOLLARS
----------------- ------------- 380

BILUQNS
370.4

371.3
370. 1
370.4
374.0
371.2

I

IS 20 12 26 0 23
JAN
FEB

0 23

6 20

4 18

1 IS

IS 27 10 24

7 21
SEP

5 10
OCT

2 16 SO 14 20 II 25

0 22

LATEST DATA PLOTTED WEEK ENDlNGt JANUARY 18. 1884
1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
1/18/83

4/20/83

6/15/83

7/20/83

8/17/83

18. 1
15.6
15. 1
11.7
10.8
9.1
8.9
8.5

15.9
14.9
9.7
8.6
6.5
6.6
6.3

8.3
2.8
2.9
1.1
2.2
2.4

1.3
1.9
-0.2
1.5
1.9

-2.3
-3.6
-0.7
0.1

8/21/83 10/18/83 11/16/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
6/15/83
7/20/83
8/17/83
8/21/83
10/18/83
11/16/83
12/21/83
1/18/84


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

-1.7
1.6
2.2

PREPARED BY FEDERAL RESERVE BAMC OF ST. LOUIS

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

BILLIONS OF DOLLARS
850 t=---------- -----------------

ILL IONS OF DOLLARS
“I---------- 1---------- = 850

1984
DEC.

9 10

DEC
1982

JAN

FEB

MAR

APR

MAY

JUN
JUL
1983

SEP

BILLIONS

14

712.5
713.3
713.7
717.8
714.8
713.9

2 10 90 14 28 II

OCT

DEC

23

8 22

JAN

LATEST DATA PLOTTED WEEK ENDINGi JANUARY 18, 1984
1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

MMDAs, MMMFs and SUPER NOWs
(billions of dollars, not seasonally adjusted)
MMDAs 1/
December

January

7
14
21
28
4
11
18

MMMFs 2 /

$372.3
372.8
372.0
372.2
374.5
376.7
376.8

$178.9
179.0
178.3
177.6
176.5
178.5
178.8

SUPER NOWs 3/
$37.7
37.4
37.4
37.3
38.4
39.2
38.8

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 BAMt OF ST. LOUIS

9

10
SMALL TIME DEPOSITS^
COMMERCIAL BANK SAVINGS DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
1984
DEC.

BILLIONS OF DOLLARS
460
450

BILLIONS

440

14

430
4

351.

420
410
400
390
380
370
360
SMALL TIME DEPOSITS

350
340
330
320
310
300

I I I I

0

LATEST DATA PLOTTED WEEK ENDINGt JANUARY 18, 1
BILLIONS OF DOLLARS
190

1

Z-------

185
180
175

E_

IS 84

■

BILLIONS OF DOLLARS
190

1

BILLIONS

=

133.8

=
z

=

DEC

14

Z
Z

JAN.

28
4

133.3
133.4

18

132 J

z
i~\

z
1

IT

E

170
165
160

145
140
135

~

\

150

----

z
SAVIhIGS DEP JSITS

N

z

z

175
170

E

=

z

E

160
155
150
145

E
140

130
0

180

165

\

155

185

*1111 -1-LL in. -LI li

1 15 29 12 26 0 23 9 23
DEC
JAN
FEB
MAR
1982

1.11

6 20
APR

i i-L 1111
4 IS
MAY

1 1 1

1 1 1 1

1 IS 29 13 27 10 24
JUN
JUL
AUG
1983

111

7 21
SEP

.1.1.1- 1111
5 19
OCT

in

111

"1
L.l-J-L

2 IS 30 14 28 II 23 6 22
NOV
DEC
JAN
FEB
1984

LATEST DATA PLOTTED WEEK ENDING: JANUARY 18. 1984
1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

135

7

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
4.5 r----------- i---------- ,------

ififil

BILLIONS OF DOLLARS
----------------- -----------=3 45

MILLIONS

I I I I
I

13 M 12 M

JAN

8 23

9 23

fl 20

4 19

APR

FEB

MAY

I

13 29 13 27

10 24

5 IQ

SEP

2

10 30 14 29 II 25

OCT

DEC

9 22

JAN

LATEST DATA PLOTTED WEEK ENDING: JANUARY 25, 19*4

BUSINESS LOANS u
( COMMERCIAL AND INDUSTRIAL )

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

BILLIONS OF DOLLARS
236

u

BILLIONS OF DOLLARS
236

26.
28,
31.
27,
29,

- DEC . 29,

1983
1983
1983
1983
1983
982

5.5
3.9
0.8
1.4
1.8

n*t^G

T"

^

OCT.
SEP.
AUG.
JUL.
JUN.

o

“
-

TTT

_ COMPOUNDED ANNUAL RA TES
_ OF CHANGE. AVERAGE 0 F
__THE FOUR WEEKS END IN G
DECEMBER 28. 1983 FR OM
_ THE FOUR WEfeKS ENDIN'G-

si ^,f

_

’flu ^

1 .2

J

III I ll

11

A.

f*'

J ^

2
1 1

198

l

.ID Lll
3 17

NOV

itILL 10MS -

i

NOV. 23
30
DEC. 7
14
21
28

215,480
215,941
216,535
216,412
216,412
217,937

208
_
_
_
-

1
11 111
111128-LLL in 23JILL JJ..L ..1.11 JJ.LL 1 13 1 27 1 10 1 24 III. -LLLLL1 16J..111 1 29 II 25
1
1 1
2
30 14
15
12 26
9
9 23
0 20 4 19
I
15 29

I

DEC
1982

JAN

FEB

MAR

APR

MAY

JUN

JUL
1983

AUG

7 21
SEP

OCT

NOV

DEC

JAN
1984

LATEST DATA PLOTTED WEEK ENDING! DECEMBER 28, 1983
1/ BUSINESS LOANS INCLUDE BANKERS1 ACCEPTANCES AND COMuCRCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF 9750 MILLION OR MORE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

LARGE TIME DEPOSITS

ALL COMMERCIAL BANKS
BILLIONS OF DOLLARS

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
285
280
220.7
227.5
232.6
220.2

275
270
285
260
255
250
245
240
255
230
225
220

0
SEP

OCT

LATEST DATA PLOTTED WEEK END INOt JANUARY IS, 1064
TIME DEPOSITS ISSUED IN DENOMINATIONS OF *100,000 OR MORE.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BAM( OF ST. LOUIS

A.