Full text of U.S. Financial Data : January 4, 1990
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nHS-uBRancial Data
Federal Reserve Bank
of St. Louis January 4, 1990
WEhk^f’klGHLIGHTS:
is
The M2 money stock grew at an 8.4 percent annual rate from the
four weeks ending June 26, 1989, to the four weeks ending
December 25, 1989. Over the previous six months, M2 increased
at a 1.1 percent rate.
ts
The trade-weighted value of the dollar has depreciated 9.3 percent
since the week ending September 13, 1989. Compared with its level
a year earlier, the dollar is virtually unchanged.
ts
Construction spending rose 1.5 percent in November to a seasonally
adjusted $421.7 billion annual rate, its highest level since January
1989. Adjusted for inflation, construction spending increased 1.2
percent in November, but was down 1.8 percent from a year earlier.
s
The composite index of leading indicators increased 0.1 percent in
November, following a revised 0.3 percent decrease in October and
a 0.1 percent increase in September.
THE
FEDERAL
J RANK
RESERVE
>0
of
arsT.LOUS
views expressed do not necessarily reflect official positions of the Federal Reserve System
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
r
ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK
BILLIONS OF DOLLARS
BILLIONS OF DOLLARS
300
BILLIONS.
I l II
2 16 SO 14 M II
DEC
2S
JAN
9 22
8 22
5 19
3 17 31
FEB
14 28 12 26
JUN
9 23
JUL
8
4 18
SEP
OCT
I
15 29 13 27
10 24
LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING: DECEMBER 27. 1089
THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL
------- HVE BANKS. CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF ALL
SI TORY INSTITUTIONS) AND AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO CHANGES.
THE MAJOR
" OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT. DATA ARE COMPUTED BY THIS
A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE FROM THIS BANK.
RECENT DATA ARE PRELIMINARY.
I
.
ADJUSTED MONETARY BASE
■
'
' 1
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDING:
12/28/88
TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING:
5/31/80
6/28/89
7/20/89
8/23/89
9/20/89
11/ 1/89
11/29/89
12/27/89
3/22/89
„ ..
i -
5/3I/8G
0/28/89
■v 1
7/26/89
8/23/89
»
3.4
3.2
3.5
2.9
3. 1
3.4
3.2
3.3
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1.2
2.1
1 .5
2.0
2.6
2.4
2.7
3.7
2.0
2.7
3.4
2.9
3.3
2.0
3.0
3.7
3. 1
3.5
1 .8
3.2
2.6
3. 1
9/20/89
11/1/89
3.3
3.9
2.9
<•
5.1
3.8
4.1
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
-4
MONEY STOCK (Ml)
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED
BILLIONS OF DOLLARS
BILLIONS OF DOLLARS
BILLIONS
793.0
789.9
795.5
802.4
5 10
NOV
2
ie SO 13 27 IS 27
DEC
FEB
MAR
10 24
8 22
3 10
3
17 SI
APR
14
II
AUG
SEP
25
0 23
9 20
4
NOV
DEC
18
1989
LATEST DATA PLOTTED WEEK ENDING: DECEMBER 25, 1989
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1 H.8 RELEASE.
DEPOSITS AND TRAVELERS CHECKS.
BY THE
nonbank public,
demand deposits,
other checkable
MONEY STOCK (Ml J
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF FOUR WEEKS ENDING:
2/26/88
3/27/89
5/22/89
6/26/89
7/24/89
8/28/89
-4.7
-4.9
-2.8
-2.4
-1.8
-0.3
-0. 1
0.7
-8.4
-3.9
-3.0
-2.0
0. 1
0.4
1.3
1.7
1.2
1.7
4.0
3.6
4.4
5.3
4.8
7.2
5.9
6.5
1.8
5.7
4.6
5.6
9.3
6.4
7.2
9/25/89 10/23/89
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
5/22/89
8/26/89
7/24/89
8/28/89
9/25/89
10/23/89
11/27/89
12/25/89
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7.6
8.3
5.4
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
3
4
MONEY MULTIPLIER^
CURRENCY COMPONENT OF MONEY STOCK s
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED
RATIO
3.0 ----------1---------- 1------------- 1---------1989
OCT.
NOV.
DE C.
RATIO
3.0
RATIO
16
30
13
27
11
25
2.682
2.688
2.691
2.691l
2.694
2.70
2.9
2.8
Ml MUL TIPLI :r
2.6
Illl
111
NOV
DEC
1988
i ii i
JAN
J_LL XLL -LLL J-LLL XLL mi XLL XLL
FEB
MAR
APR
MAY
JUN
JUL
1989
LATEST DATA PLOTTED TWO WEEKS ENDING. DECEMBER 25,
AUG
SEP
1 1 1 1
1 1 1
OCT
NOV
XLL XLLL
DEC
JAN
1990
1989
BILLIONS OF DOLLARS
BILLIONS OF DOLLARS
228
COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
DECEMBER 25. 1989 FROM
__ THE FOUR WE&KS ENDING*.
224
— MAR.
CURRENCY
_ DEC
im
NOV.
BILLIONS
20
221.0
221.0
221.1
222.0
222.6
i i i ,i I i i i I i i i 1 i i i i
7 21
5
10
NOV
DEC
1988
2
16 30 13 27
FEB
13 27
MAR
10 24
8 22
5 19
3 17 31
APR
LATEST DATA PLOTTED WEEK ENDING: DECEMBER 25,
14 28
AUG
II
25
9 23
6 20
4
18
15 29
SEP
1989
1989
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
SEASONALLY ADJUSTED
BILLIONS OF DOLLARS
1SS2.
,
NOV.
I
_
DEC.
BILLIONS
20
27
4
7 21
5
NOV
DEC
10
BILLIONS OF DOLLARS
585
564.5
561.4
564.9
566.0
572.3
2
10 30 13 27
FEB
13 27
MAR
10 24
8 22
10
3 17 31
APR
14 28 II
AUG
25
0 23
SEP
6 20
4 18
NOV
DEC
I
15 20
1990
LATEST DATA PLOTTED WEEK ENDING: DECEMBER 25.
1989
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,
2/26/88
3/27/89
AVERAGE OF FOUR WEEKS ENDING:
5/22/89
B/26/89
7/24/89
8/28/89
9/25/89
0/23/89
0.9
0.6
0.9
4.3
3.7
4.5
6.9
5.3
8.8
7.0
7.5
0.8
6.6
5. 1
6. 1
10.9
7. 1
7.9
9.5
9.8
5.3
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
5/22/89
8/26/89
7/24/89
8/28/89
9/25/89
10/23/89
11/27/89
12/25/89
-8.2
-8.5
-5.5
-4.8
-4. 1
-2. 1
-1.7
-0.8
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-12.5
-6.5
-5. 1
-4.0
-1 .0
-0.7
0.4
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
5
6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES
PERCENT
PERCENT
12.0 i—
—
PRIME BANK
LOAN RATE
CORPORATE
Aaa BONDS
MUNICIPAL
BONDS
4 18
NOV
2 10 30 13 27
DEC
1988
JAN
10 24
FEB
10 24
7 21
5 10
MAR
APR
MAY
2 16 30
14 28 II
JUN
JUL
1989
25
AUG
8 22
SEP
6 20
3 17
OCT
NOV
DEC
JAN
1990
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* JANUARY 5, 1990.
1990
NOV.
DEC.
JAN.
3
10
17
24
1
8
15
22
29
5 *
12
19
26
90 DAY
CD'S
30-DAY
COMMERC1AL
PAPER
90-DAY
BANKERS'
ACCEPTANCES
CORPORATE
Aaa BONDS
CORPORATE
Baa BONDS
MUNICIPAL
BONDS **
8.53
8.48
8.36
8.32
8.27
8.26
8.35
8.37
8.33
8.15
8.63
8.53
8.43
8.40
8.42
8.53
8.61
8.67
8.66
8.29
8.34
8.29
8. 18
8. 12
8. 12
8. 10
8. 19
8. 15
8. 16
7.97
8.91
8.90
8.86
8.89
8.88
8.86
8.85
8.85
8.88
8.87
9.77
9.80
9.82
9.83
9.83
9.81
9.81
9.82
9.85
9.85
7.24
7.20
7. 12
7.08
7.04
7.00
6.99
6.96
6.97
N. A.
NOTE*
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE.
K AVERAGES OF RATES AVAILABLE
** 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
12.0
SELECTED
INTEREST RATES
AVERAGES OF DAILY RATES
PERCENT
11.0
FEDERAL.
FUNDS
TREAil
DISCOUNT RATE
4 IS
2
IS 30 13 27 10 24 10 24
JAN
FEB
7 21
5
APR
MAY
19
2 16 30 14 20 II
JUL
1989
1988
25
8 22
AUG
0 20
3
OCT
NOV
17
1
15 29 12 20
1990
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING*. JANUARY 5, 1990.
1990
NOV.
DEC.
JAN.
3
10
17
24
1
8
15
22
29
5 *
12
19
26
FEDERAL
FUNDS X*
3-MONTH
TREASURY
BILL
6-MONTH
TREASURY
BILLttXX
1-YEAR
TREASURY
BILL
5-YEAR
TREASURY
SECURITIES
LONG-TERM
TREASURY
SECURITIES
8.80
8.69
8.46
8.46
8.51
8.52
8.47
8.52
8.38
8.32
7.77
7.74
7.67
7.60
7.63
7.61
7.65
7.60
7.68
7.61
7.62
7.49
7.51
7.40
7.45
7.30
7.41
7.43
7.64
7.52
7.35
7.35
7.21
7.13
7.21
7.22
7.22
7.15
7.27
7.31
7.86
7.87
7.79
7.75
7.77
7.74
7.72
7.69
7.88
7.87
8.01
8.00
7.99
7.99
8.00
7.99
7.98
7.94
8.09
8.13
NOTEt CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE EXCLUDING LONG-TERM TREASURY
_ 4WC04||CURITIES WHICH ARE COMPUTED BY THIS BANK.
TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS.
* AVERAGES OF RATES AVAILABLE
** SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARL IER THAN DATE SHOWN
*** AUCTI ON AVERAGE ( DISCOUNT )
http://fraser.stlouisfed.org
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
3250
BILLIONS OF DOLLARS
3250
BILLIONS
3196.5
3204.2
3203.4
3208.0
3215.7
3227.1
_ NOV.
DEC.
3200
3200
3175
3150
3125
3100
3100
3075
3050
5
IB
2 10 30 13 27 13 27
10 24
• 22
5 10
NOV
DEC
1988
3 17 31
14 28
AUG
11
25
B 23
SEP
0 20
4
NOV
DEC
1989
18
1
15 20
1990
LATEST DATA PLOTTED WEEK ENDING: DECEMBER 25, 1989
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE
M2 IS THE SUM OF Ml. OVERNIGHT RPS ISSUED BY ALL COMCRCIAL BANKS, OVERNIGHT EURODOLLARS ISSUED
TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS, MONEY MARKET DEPOSIT ACCOUNTS. SAVINGS AND
SMALL TIME DEPOSITS, AND GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNfts.
FOR MORE
DETAIL, SEE THE H.6 RELEASE.
MONEY STOCK (M2)
COMPOUNDED ANNUAL RATES OF CHANGE,
2/26/88
AVERAGE OF FOUR WEEKS ENDING:
3/27/89
5/22/89
6/26/89
7/24/89
8/28/89
1.1
3.3
4.4
4.7
5.2
5.6
5.9
7.7
7.9
7.7
7.7
7.8
7.9
9.4
8.6
8.4
8.4
8.4
7.6
7.7
7.9
7.9
7.3
7.7
7.8
9/25/89 10/23/89
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
5/22/89
6/26/89
7/24/89
8/28/89
9/25/89
10/23/89
11Z27/89
12/25/89
0. 1
1 . 1
2.4
3.2
3.6
4.0
4.4
4.7
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8. 1
8.2
8.3
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
ALL DEPOSITORY INSTI TUT IONS
TOTAL TIME DEPOSITSv
LARGE TIME DEPOSITS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED
BILLIONS OF DOLLARS
BILLIONS OF DOLLARS
£I4U
COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
THE FOUR nEEKS ENDING
DECEMBER 25. 1989 FROM
THE FOUR WEfeKS ENDING:
21 10
OCT.
SEP.
AUG.
JUL.
JUN.
MAR.
DEC.
2080
23,
25,
28,
24,
26,
27,
26,
1989
1989
1989
1989
1989
1989
1988
TOTAL TIME DEPOSITS
1.2
0.2
-0.2
0.3
0.8
4.1
5.4
2080
2050
2050
lflfift
NOV.
&1LL1.QNS.
20
DEC.
2{03.2
2101.9
2100:3
2104.2
1 I I I I I I 1 1 1 1 I 1 I 1 I I
LATEST DATA PLOTTED WEEK ENDING: DECEMBER 25,
1989
BILLIONS OF DOLLARS
ISSa
_
NOV.
BILLIONS OF DOLLARS
590
BILLIONS
20
560.6
557.9
558. I
555.5
— DEC.
LARGE TIME DEPOSITS
553.2
560
7 21
5 19
NOV
DEC
2
IS 30 13 27 13 27
FEB
MAR
10 24
8 22
S 19
3 17 31
APR
14 28 11
AUG
LATEST DATA PLOTTED WEEK ENDING: DECEMBER 25,
SEP
25
9 23
6 20
4
NOV
DEC
18
1
15 29
1989
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
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
PREPARED BY FEDERAL RESERVE BANK OF ST.
9
LOUIS
10
BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES
BILLIONS OF DOLLARS
5.5 rz---------- 1---------- 1------
iM
NOV.
DEC.
29
6
BILLIONS OF DOLLARS
----------------------------=1 5.5
MILLIONS
680
171
TOTAL BORROWINGS
I I I I
LATEST DATA PLOTTED WEEK ENDING. JANUARY 3, 1990
BILLIONS OF DOLLARS
BILLIONS OF -DOLLARS
2.5
188ft
MILLIONS
2.0
ADJUSTMENT + SEASONAL
BORROWINGS
I I I I
I I I I
11
DEC
25
8 22
JAN
8 22
5 18
5 17 51
14
JUN
4 10
1
15 20 13 27
10 24
JUL
LATEST DATA PLOTTED WEEK ENDING. JANUARY 3, 1990
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
0.0
t
COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED
BILLIONS OF DOLLARS
BILLIONS OF DOLLARS
140
NOV. 22
135
DEC.
130
6
125
-
2 Id 30 14 20 II 25
DEC
JAN
0 22
8 22
5 10
3 17 SI
FEB
14 28 12 20
JUN
9 23
JUL
8 20
4 10
SEP
OCT
t
105
18 29 13 27 10 24
LATEST DATA PLOTTED WEEK ENDING: DECEMBER 27, l!
* 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/
SEASONALLY ADJUSTED
BILLIONS OF DOLLARS
BILLIONS OF DOLLARS
COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
TH£ FOUR *EEKS ENDING
DECEMBER 20, 1089 FROMTHE FOUR WEEKS ENDING:
OCT.
SEP.
AUG.
JUL.
JUN.
MAR.
DEC.
18,
20,
23,
19,
21,
22,
21,
1980
1989
1989
1989
1989
1989
1988
-7.2
-5.9
-4.4
0.7
1.1
3.4
4.5
“
_
NOV. 15
321,017
317,550
316,832
316,090
2 10 30 14 28 If 28
NOV
DEC
1988
JAN
8
FEB
8 22
MAR
5 19
APR
3 17 31
MAY
14 28 12 26
0 23
6 20
U-L
1J.LL1 1,1,1 I I I
4 10 1 15 29 13 27 10
-----
24
JUN
JUL
1989
LATEST DATA PLOTTED WEEK ENDING: DECEMBER 20. 1989
1/ BUSINESS LOANS INCLUDE BANKERS1 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. LOUIS
k
‘
■
'
302
DOLLAR'S TRADE-WEIGHTED EXCHANGE INDEX
AVERAGES OF DAILY FIGURES
1973-100
1973-■100
118
114
96.9
95.8
94.7
110
93.6
93.7
106
102
98
94
90
2 16 SO 14 28 II 25
DEC
JAN
8 22
8 22
5 10
3 17 31
FEB
14 28 12 26
JUN
1988
LATEST DATA PLOTTED WEEK ENDINGt JANUARY 3,
NOTE*
CURRENT DATA APPEAR
JUL
0 23
6 20
4 18
SEP
OCT
1
15 20 13 27 10 24
1989
1990
1990
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.
Digitized forVFRASER
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
PREPARED BY FEDERAL RESERVE BANK OF ST.
LOUIS
0
@FedFRASER