Full text of U.S. Financial Data : January 7, 1988
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
’■’C8ZARCH LIBRARY |eaerai,Resa«^ Bank" • i rv U.&* ilriahcial Data JAN 1 1 1988 January 7, 1988 THE WEEK'S HIGHLIGHTS: y' The Ml money stock averaged $752.5 billion for the four weeks ending December 28, down $3.9 billion from the previous four-week period. Ml has grown at a 2.4 percent annual rate since January 1987. y' Yields on 90-day certificates of deposit averaged 7.03 percent for the week ending January 8, down 85 basis points from the recent peak of 7.88 percent in mid-December. y* The composite index of leading indicators decreased 1.7 percent in November, largely because of a decline in stock prices. s New factory orders for durable goods fell a seasonally adjusted 0.4 percent in November and were up 10.7 percent from November 1986. y* Construction spending rose 2.2 percent in November, following a decline of 0.1 percent in October. November spending was 7.4 percent above the pace of a year earlier. RESERVE RANK of 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 272 nr. 21 268 256 5 19 3 17 31 14 28 II JAN 29 FEB II 25 8 22 MAR 6 20 3 17 MAY JUN I 15 29 12 28 LATEST PLOTTED RESERVE MAINTENANCE PERIOD END INO< DECEMBER SO, BANK. 9 23 7 21 OCT 4 18 NOV 2 16 30 15 27 1087 OF FINANCIAL INSTITUTIONS AT FEDERAL THE PUBLIC AND IN THE VAULTS OF ALL (TMENT FORa RESERVE REQUIREMENT RATIO CHANGES. THE MAJOR 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. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF TWO MAINTENANCE PERIODS ENDlNGt 12/31/86 3/25/87 8/3/87 5.6 5.2 6.1 5.7 6.9 6.7 6.0 0.8 3.9 3.8 6.0 5.9 5.1 7/1/87 7/29/87 8/26/87 9/23/87 11/4/87 6.9 9.1 8.2 6.7 8.6 7.6 5.8 9.2 6.5 2.5 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDING. 8/ 3/87 7/ 1/87 7/20/87 8/26/87 9/23/87 11/ 4/87 12/ 2/87 12/30/87 8.2 6.5 6. 1 6.6 6.3 7. 1 6.9 6.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7.0 5.8 7.9 7.3 6.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS A MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 3 17 I 18 20 12 26 S 23 JAN FEB 0 23 3 20 APR 4 IS MAY I 15 29 13 27 1986 10 24 BILLIONS OF DOLLARS 7 21 5 19 2 16 30 14 28 11 25 DEC JAN 1987 LATEST DATA PLOTTED WEEK ENDINGt DECEMBER 28, 1987 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. Ml IS THE SUM OF CURRENCY HELD BY THE NONBANK PUBLIC, DEMAND DEPOSITS, OTHER CHECKABLE DEPOSITS AND TRAVELERS CHECKS. MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGt Sf0 12/29/86 3/30/87 5/25/87 8/29/87 7/27/87 8/31/87 7.5 4.0 3.9 4. 1 3.6 4.7 3.7 2.9 3.1 3.2 3.8 3.0 4.7 3.3 2.3 -4.0 -0.9 -0.8 2.2 0.9 “0.1 4.3 2.8 5.9 3.4 1.8 2.5 6.7 3.4 1.5 7.8 2.8 0.5 9/28/87 10/28/87 W ENDING. 5/25/87 5/29/87 7/27/87 8/31/87 9/28/87 10/28/87 11/30/87 12/28/87 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4.3 0.9 -5.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY MULTIPLIER^/ CURRENCY COMPONENT OF MONEY STOCK 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED 1987 OCT. NOV. DEC. 19 2 16 30 14 28 RATIO 2.855 2.857 2.840 2.815 2.815 2.811 Ml MULTIPLIER 3 17 1 19 12 20 JAN 9 23 9 23 FEB 0 20 4 18 APR MAY I I I I 1 18 29 13 27 LATEST DATA PLOTTED TOO WEEKS ENDINGi DECEMBER 28, 10 24 7 21 9 19 SEP OCT 2 10 30 14 28 11 DEC 28 JAN 1987 ILL IONS OF DOLLARS ------ ----------- ----------- 202 LLIONS OF DOLLARS _ COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF - THE FOUR ifrEEKS ENDING —DECEMBER 28, 1987 FROM _ THE FOUR WEEKS ENDING: _ OCT. SEP. AUG. —JUL. - JUN. _ MAR. DEC. 26, 28, 31, 27, 29, 30, 29, 1987 1987 1987 1987 1987 1987 1986 11.1 10.9 10.1 9.3 9.1 8.4 8.8 CURRENCY 1SSL NOV. BILLIONS 23 DEC. 3? 198.6 199.2 199.3 200.7 1111111 9 23 JAN FEB 9 23 0 20 4 18 APR MAY I 18 29 13 27 10 24 7 21 8 19 SEP OCT 2 18 30 14 28 11 LATEST DATA PLOTTED WEEK ENDING: DECEMBER 28, 1987 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 BILLIONS OF DOLLARS 580 --------- 1------------ 1----- iSfil NOV. BILLIONS 29 DEC. 545.2 544.5 3 IT NOV I IS 20 12 26 0 23 0 23 DEC JAN FEB MAR 6 20 APR A 18 MAY 1 1086 15 20 13 27 JUN JUL 10 24 AUG 7 21 SEP 3 10 OCT 1987 LATEST DATA PLOTTED WEEK ENDING TOTAL CHECKABLE DEPOSITS DEPOSITORY INSTITUTIONS. DECEMBER 28. 2 16 30 H 28 11 23 NOV DEC JAN 198 1087 S THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING! 12/29/86 3/30/87 5/25/87 8/29/87 7/27/87 8/31/87 6.8 2.3 2.3 2.6 1.9 3.4 1.9 0.8 1.8 1.9 2.4 1 .5 3.7 1.5 0.2 -7.4 -3.4 -3.4 0.4 -1.8 -3.0 3.2 1.2 5.2 1.3 -0.7 0.7 6. 1 1.2 - 1.2 7.4 0.1 -2.6 9/28/87 10/26/87 TO THE AVERAtSE OF FOUR WEEKS ENDING: 5/25/87 6/20/87 7/27/87 8/51/87 0/28/87 10/26/87 11/50/87 12/28/87 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.6 -2.5 -10.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT 12.0 CORPI 7.0 5.0 7 21 5 19 NOV DEC 2 10 30 13 27 FEB 13 27 MAR 10 24 6 22 5 19 3 APR 17 31 M II AUG SEP 25 9 23 0 20 4 NOV DEC 10 I IS 29 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* JANUARY 8, 1988. 1988 NOV. DEC. JAN. 6 13 20 27 4 1 1 18 25 1 8 X 15 22 29 90 DAY CD*S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS' ACCEPTANCES CORPORATE CORPORATE Baa BONDS MUNICIPAL BONDS XX 7.26 7.13 7. 18 7.26 7.61 7.75 7.88 7.61 7.38 7.03 6.78 6.72 6.79 6.75 7.28 7.77 8. 18 7.90 7.45 6.85 7.05 6.94 7.06 7.14 7.41 7.64 7.69 7.41 7. 17 6.89 10.08 9.97 9.97 10.01 10.06 10.14 10. 19 10.08 10.06 10.01 11.28 11.18 11.22 11.22 11.23 11.30 11.36 11.28 11.24 11.21 7.90 8.03 7.91 7.96 7.90 8. 10 8.01 7.95 7.86 N. A. Aaa BONDS NOTE* CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE. X AVERAGES OF RATES AVAILABLE XX 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 PERCENT treasury’s!! DISCOUNT RATE NOV DEC JAN FEB MAR APR 1986 MAY JUN JUL AUG SEP 9 23 OCT 1987 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt FEDERAL FUNDS** NOV. 6 6.43 13 6.68 20 DEC. JAN. 27 4 1 1 18 25 1 8 6.77 6.78 6.89 6.84 6.58 6.75 6.81 7.02 15 0 20 NOV 4 19 DEC I 15 29 JANUARY 3-MONTH TREASURY BILL 8-MONTH TREASURY BILL*** 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 5.62 5.78 5.78 5.72 5.41 5.86 5.90 5.83 5.73 5.88 6.24 6.24 6.33 6.42 6.49 6.54 6.56 6.55 6.74 6.73 6.71 8.32 8.30 8.35 8.41 8.40 8.54 8.50 8.41 8.38 8.32 9.02 9.00 9.05 9.14 9.22 9.39 9.26 9.03 9.05 9.03 6. 1 1 6.12 6.42 6.45 6.48 6.32 6.35 6.66 6.65 22 29 1** s.r^JuwiiMH* wmunm. SiSAu!TToNY*VER*OEEfDISCOUNT) ENDIN<S ™ DAYS «»■'« http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ™E SHOWN PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 COMMERCIAL BANK SMALL TIME DEPOS I TS 1/ LARGE TIME DEPOSITS v AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 410 —----- 1--------------1------------ Ififil .I §o 21 28 BLLLLJJ!N& Z 400 m\ H3:S = 385.C 385.6 lim 11111 DEC-nov- ILL IONS OF DOLLARS 410 350 z — 11111 360 A SMALL TIME DEPOS TS / 11111 - Z !lll .11 LI 1.11 1 1 1 1 1 1 1 in 111 1 I.LL 1 1 L 1 1 1 1 1 1 1 111 III! 1 1 1 t _LLL LATEST DATA PLOTTED WEEK ENDlNGt DECEMBER 28, 1987 BILLIONS OF DOLLARS 330 BILLIONS OF DOLLARS 13BZ. NOV. DEC. 23 30 7 BILLIONS 325 323.1 323.6 322.8 LARGE TIME DEPOSITS 320 315 310 305 300 295 S 17 I 15 29 12 26 JAN 9 25 FEB 9 25 6 20 4 19 APR MAY I LATEST DATA PLOTTED WEEK ENDING. DECEMBER 28, 18 29 13 27 10 24 7 21 8 19 SEP OCT 2 16 30 14 28 11 25 DEC JAN 1987 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 SfcASONALLY ADJUSTED BILLIONS OF DOLLARS 895 ILL IONS OF DOLLARS ----- ---------- ---------- 885 r---------- 1--------------- ,------ 881.9 886.4 886.4 s 17 I 19 20 12 26 JAN 0 23 FEB 0 23 6 20 4 16 APR MAY I LATEST DATA PLOTTED WEEK ENDING* DECEMBER 28, TOTAL TIME 15 20 13 27 10 24 7 21 SEP 9 10 OCT 2 16 30 14 26 II DEC 25 JAN 1987 IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS. TOTAL TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGt 12/29/88 3/30/87 5/25/87 6/29/87 7/27/87 8/31/87 9.7 10.1 9.3 8.7 8.0 8.2 9.6 9.3 11.9 9.9 8.8 7.8 8. 1 10.0 9.5 8.4 7.2 6. 1 6.8 9.5 9.0 4.5 3.9 5.3 9.0 8.4 3.9 5.8 10.1 9.2 6.3 12.2 10.5 9/28/87 10/26/87 TO THE AVERAGE OF FOUR WEEKS ENDINGt 5/25/87 6/29/87 7/27/87 8/31/87 9/28/87 10/26/87 11/30/87 12/28/87 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 10 BORROWINGS FROM FEDERAL RESERVE BANKS BILLIONS OF DOLLARS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS ---------------------- ------------ 3-° MILLIONS 6 2908 TOTAL BORROWINGS LATEST DATA PLOTTED WEEK ENDINOt JANUARY 6, 1988 BILLIONS OF DOLLARS BILLIONS OF DOLLARS ADJUSTMENT + SEASONAL BORROWINGS 6 8 10 9 17 SI 2400 14 28 II 25 II 25 JAN FEB MAR 8 22 8 20 MAY LATEST DATA PLOTTED KEEK ENDING. JANUARY 6. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I 1 I I I 13 20 12 26 9 17 JUN 0 23 7 21 OCT 4 18 NOV 2 16 90 18 27 1988 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS COMMERCIAL PAPER OF NONFINANCIAL COMPANIES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS IOO _ NOV. 25 — DEC. 2 80,710 95 80,974 78,287 90 85 80 75 5 19 3 17 31 14 28 11 25 11 25 JAN FEB MAR 8 22 8 20 MAY 3 17 JUN LATEST DATA PLOTTED WEEK ENDING: DECEMBER 30, I 15 29 12 28 8 23 7 21 4 OCT NOV 18 2 16 30 13 27 0 1987 BUSINESS LOANS CCOMMERCIAL AND u INDUSTRIAL) WEEKLY REPORT ING LARGE COMMERCIAL BANKS 2/ SfcASUNALLY ADJUSTED BILLIONS OF DOLLARS 295 ----------------------------------- BILLIONS OF DOLLARS -------1--------------- 1-----------COMPOUNDED ANNUAL RATES _ OF CHANGE. AVERAGE OF THE FOUR *EEKS ENDING DECEMBER 23, 1987 FROM “ THE FOUR WEEKS ENDING: — OCT. SEP. AUG. JUL. JUN. MAR. DEC. 21, 23, 26, 22, 24, 25, 24, 1987 1987 1987 1987 1987 1987 1986 NOV. 18 DEC. 2 4.5 8.3 7.8 3.5 ------0.7 -1.0 2.0 - 276,502 276,743 276,566 276,245 5 19 3 17 31 14 JAN II 25 II 25 FEB MAR 8 22 6 20 3 17 MAY JUN LATEST DATA PLOTTED WEEK ENDING: DECEMBER 23. 1/ BUSINESS LOANS INCLUDE BANKERS* 1 15 29 12 26 9 23 i-LUl I 1 I I I 1 I I 1 7 21 OCT 4 18 NOV 2 16 30 13 27 1987 ACCEPTANCES AND COMnERCIAL PAPER. 2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 91.4 BILLION http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 295
@FedFRASER