Full text of U.S. Financial Data : July 15, 1983

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LIS. Financial Data
Federal FieSetve Bank of St. Louis

July

___ __________________________ _______________________ 7

15,1983

L/BRARY

M

l g m
On June
30,
the
Depository Institutions
Deregulation Committee (DIDC) voted to lift all remaining
interest rate ceilings on time deposits with maturities
longer than 31 days issued after October 1. After these new
interest rate regulations take effect, only passbook savings
and regular NOW accounts will have fixed interest rate
ceilings.
This change will have its primary effect on small
savers by broadening the selection of time deposits that
financial institutions can offer to them. After October 1,
financial institutions can offer savers with less than the
$2,500 minimum balance required for money market deposit
accounts (MMDAs) and "Super-NOWs" higher returns on
accounts with maturities longer than 31 days. Currently,
depositors with less than $2,500 are faced with the choice
between accepting the fixed returns- of 5-1/4 to 5-1/2
percent on passbook savings and 5-1/4 percent on regular
NOW accounts or extending the maturity of their deposits
to the two-and-one-half year minimum maturity of other
accounts without interest rate ceilings. The DIDC did
establish, however, a minimum balance of $2,500 for time
deposits with initial maturities of less than 31 days.
The DIDC vote also reduced penalties for early
withdrawal from time deposits; the new penalties are the
loss of one month interest for accounts of one year or less
in maturity and three months interest for accounts of
longer maturities. Now, depositors must forfeit three
months interest for early withdrawal of short-term deposits
and six months interest on longer-term deposits. The DIDC,
however, did not change the existing rules for a one
percentage-point differential between the rate paid on a
time deposit and the rate charged on a loan secured to
meet minimum balance requirements of the time deposits.


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

—Michael T. Belongia

2
ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

198
_

1983

BILUJfeB

196

195.0
194.5

194

195.0
194.5
194.8
195.0

192
190
188
186
184
182
180
178
176
174
172

5

19

2

16 30 14 28 II

JUL

25

8 22

AUG

6 20

3

OCT

NOV

I

17

15 29 12 26

JAN

9 23

9 23

FEB

LATEST DATA PLOTTED WEEK ENDING: JULY 13,

6 20

APR
1983

1982

4

18

I

15 29 13 27

MAY

1983

THE ADJUSTED MONETARY BASE CONSISTS OF: ( I ) RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT
FEDERAL RESERVE BANKS, (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE
VAULTS OF ALL DEPOSITORY 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:
7/14/82

10/13/82 12/15/82

1/12/83

2/16/83

3/16/83

4/13/83

17.1
14.6
13.0
13.2
11.7

15.2
12.6
13.0
1 1.2

8.5
10.5
9.0

11.1
8.9

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/15/82
1/12/83
2/16/83
3/16/83
4/13/83
5/11/83
6/15/83
7/13/83

6.9
7.7
8.6
10.0
10.0
9.7
10.2
9.7


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

8.9
10.3
12.2
1 1.7
11 .2
1 1.6
10.8

13.0
15.5
14.0
12.8
13.0
1 1.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
£>bA50NALLY ADJUSTED

BILLIONS OF DOLLARS
56 --------- 1------------1-------

BILLIONS OF DOLLARS

54.3
54.0

5 IS

MAY

2

16 30 14

JUN

JUL

II

25

AUG

8 22

SEP

6 20

3 17

OCT

NOV

DEC

JAN

FEB

1982
LATEST DATA PLOTTED WEEK ENDING* JULY 6,

1983

fiWKuSPBBBSSScrTB Hf.SfttSS

RESERVE

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
7/7/82
10/6/82 12/8/82
1/5/83
2/9/83
3/9/83
4/6/83
5/4/83
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/
1/
2/
3/
4/
5/
6/
7/

8/82
5/83
9/83
9/83
6/83
4/83
8/83
6/83

5.8
7.0
7.6
1 1.0
10.7
9.9
10.4
9.9


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

1 1 .8
11.5
16.4
15.0
13.3
13.5
12.6

12.0
20.4
17.3
14.3
14.3
13.0

23.5
18.4
14.4
14.5
12.9

23.5
16. 1
15.6
13.5

5.0
8.6
7.7

9.0
7.7

10.2

PREPARED BV FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

520

1M1
JUN.

515

B.ILLiflfeB
I

508.7
514.6
51 1.2
51 1.4
508.3

510
505
500
495
490
485
480
475
470
465
460
455
450
445

5 IS

2 16 30 14 28 II

JUL

25

AUG

8 22

6 20

3 17

OCT

NOV

LATEST DATA PLOTTED WEEK ENDING* JULY 6.

1

12 20

IS

JAN

0 23

FEB

0 23

6 20

4 18

APR

MAY

I

IS 20 13 27

1983

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COMMERCIAL BANK DEMAND DEPOSITS
HELD BY THE NONBANK PUBLIC (EXCLUDING THOSE HELD BY FOREIGN BANKS AND'OFFICIAL INSTITUTIONS)
AND OTHER CHECKABLE DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS' CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING*
7/7/82

10/6/82

12/8/82

13. 1
14.0
15.7
15. 1
12.4
15.2
13.8

13.2
16.3
15.2
11.4
15.3
13.5

1/5/83

2/9/83

3/9/83

4/6/83

5/4/83

19.7
17.1
1 1.9
16.4
14.2

17.5
10.0
16.4
13.6

3.7
14.2
1 1.4

15.4
11.3

18.6

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/
1/
2/
3/
4/
5/
6/
7/

8/82
5/83
9/83
9/83
6/83
4/83
8/83
6/83

12.4
11.9
12.7
13.9
13.6
11 .9
14.0
13.0


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0

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

RATIO

-19.93
JUN.

RATIO

RATIO
1

2.622

Ml MULTIPLIER

LATEST DATA PLOTTED WEEK ENDING* JULY 6,

1983

BILLIONS OF DOLLARS
M4 ---------- ,------------- -------

BILLIONS OF DOLLARS
------------------------------- 144

COMPOUNDED ANNUAL RATES
— OF CHANGE AVERAGE OF
o. i woo rr*UM
-----THE FOUR WEEKS ENDING:
4,
APR.
-----MAR.

9,

JAN.

— OCT.
_ JUL.

6,
7,

1983
1983
1983
1983
1983
1982
1982

10.2

CURRENCY

1983

5 19

2

16 30

14 28 II

JUL

25

AUG

8 22

6 20

3 IT

OCT

NOV

LATEST DATA PLOTTED WEEK ENDING: JULY 6,

BILL IQNS

-Li-1 1 1 I I I I I I I 1 I I I
12 26

9 23

9 23

6 20

4 18

1

15 29 13 27

1983

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

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
17.0 i—

PERCENT
— 17.0

CORPORATE
Aaa BONDS

ME BANK
'RATE

90 DAY

7 21

4 18

MAY

JUN

2
16 30__IS 27
________
_

JUL

AUG

10 24
..

SEP
1982

6 22

OCT

3 IB

NOV

3 17 31

DEC

14 28 II

JAN

FEB

25 II 25

MAR

8 22

APR
1983

6 20

3 17

MAY

JUN

1

13 20

JUL

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt JULY 15, 1983

1983
6
13
20
27
JUNE
3
10
17
24
JULY
1
8
15 X
22
29

MAY

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS ae>

8.32
8.30
8.52
8.75
8.96
9. 19
9. 11
9.33
9.28
9.47
9.50

8.29
8.22
8.39
8.48
8.68
8.90
8.88
9. 15
9. 14
9. 13
9. 15

8.20
8.21
8.44
8.63
8.83
9. 14
8.99
9.23
9. 15
9.33
9.42

11.29
11.29
11.54
11.67
1 1 .76
11.77
11.66
1 1.71
11.85
12.02
12.11

12.99
12.92
13.09
13.28
13.40
13.41
13.31
13.34
13.39
13.42
13.41

8.78
8.86
9.29
9.51
9.78
9.69
9.38
9.38
9.36
9.55
N. A.

*8^BOND**BUYER' S*AVERAGE'\ NDEX* 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
16.0

15.0

13.0

5-YEAR
TREASURY SECURITIES

3-MONTH
TREASURY B

MAY

4 18
JUN

2 16 SO IS 27 10 24

AUG

8 22

SEP

5 10

S 17 SI 14 28 II 25 II 25
JAN
FEB
MAR

1982

8 22

8 20
MAY

S 17
JUN

I

IS 20

1983

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* JULY 15, 1983

1983
MAY

6
13
20
27
JUNE
3
10
17
24
JULY
1
8
15 X
22
29

FEDERAL
FUNDS KX

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY

l-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

8.80
8.48
8.59
8.72
8.77
8.84
8.84
9. 14
8.90
9.39
9.21

8.03
8.03
8.14
8.48
8.57
8.76
8.70
8.97
8.88
9.07
9.09

8.05
8.13
8.14
8.47
8.67
8.79
8.83
9.02
9.14
9.20
9.26

8.00
8.04
8.24
8.51
8.68
8.85
8.77
9.02
8.98
9.27
9.36

9.77
9.84
10. 10
10.32
10.51
10.61
10.49
10.71
10.80
11.07
11.18

10.30
10.33
10.60
10.75
10.94
10.98
10.84
10.95
11.09
11.34
11.45

X AVERAGES OF RATES AVAILABLE.
XX SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.15 RELEASE.
XXX NEW ISSUE RATE
RATES ON LONG-TERM TREASURY SECURITIES ARE COMPUTED BY THE FEDERAL RESERVE BANK OF ST. LOUIS.
TREASURY BILL YIELDS ON DISCOUNT BASIS.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
TOTAL CHECKABLE DEPOSITS^
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
375 r-------- 1------------- 1------

BILLIONS OF DOLLARS
---------------------------- Z1 375

BILLIONS
364. 1
369.6
366.3
366.4
362.9
368.6

JUN.

5 18

MAY

2

16 SO 14 28 II

JUN

JUL

AUG

25

8 22

SEP
1982

6 20

3 IT

OCT

NOV

3 28 12 26

DEC

JAN

8 23

FEB

8 23

MAR

6 20

4

APR
1983

MAY

IS

I

13 27

IS 28

JUN

JUL

LATEST DATA PLOTTED WEEK ENDING* JULY 6, 1983
1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE
7/7/82

10/6/82

12/8/82

1/5/83

AVERAGE OF FOUR WEEKS ENDING:
2/9/83

3/9/83

4/6/83

5/4/83

18. 1
8.6
17.6
14.2

0.9
15.2
1 1.6

17.2
1 1 .8

22.0

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/
1/
2/
3/
4/
5/
6/
7/

8/82
5/83
9/83
9/83
6/83
4/83
8/83
6/83

15.2
14.2
15.0
16.2
15.6
13.2
15.9
14.7


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

15.8
16.7
18.4
17.2
13.4
17.2
15.4

14.4
17.8
16. 1
11.1
16.5
14.3

22. 1
18.5
11.6
18.0
15. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TOTAL TIME DEPOSITSi/
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF OOLLARS
850
840

686.8
689.0
690.8
691.1
691.1

830
620
810
800
790
780
770
760
750
740
730
720
710
700
690
680
670

5 18

2 16 90 14 28 11 25

JUL

8 22

AUG

6 20

9 IT

OCT

NOV

0

JAN

FEB

1982

APR

MAY

1983

LATEST DATA PLOTTED WEEK ENDING. JULY 6. 1983
1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

MMDAs, MMMFs and "SUPER NOWs"
(billions of dollars, not seasonally adjusted)
MMDAs 1/
1
8
15
22
29
6

MMMFs 2/

$363.7
366.9
367.9
367.6
367.1
367.9

$180.6
180.2
179.7
178.0
176.5
176.6

"SUPER NOWs" 3/
$30.9
31.9
32.0
31.7
31.4
33.0

1/ Money market deposit accounts at all depository institutions, effective 12/14/82.

1/ Total money market mutual fund balances.

T/ 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 BANK OF ST. LOUIS

9

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

BILLIONS OF DOLLARS
460
450
440
430
420
410
400
390
380
370

=

=“ 198.3 BILLIONS

1“

E JU
=

L.

A
6

3

340
330
320
310
300
0

i
=
=
=
=

Ilf: }
5

SMALL TIME DEPOS TS

i

1 \

E

=
E

370

V

s
----"I

E

=
E
=E

360
350

N

340

S.

330

•

320
310

"in j_lll 111 _LU am -L1.I

hi

1111 ..ILL 111 1111 -Ll 1 1 I I 1 1 1 1 giE

LATEST DATA PLOTTED WEEK ENDING: JULY 6, 1983
BILLIONS OF DOLLARS
,90 r---------1------------- 1------

.1933

19

MAY

2

BILLIONS

SAVINGS DEPOSITS

16 30 14 28 II

JUN

JUL

300
0

BILLIONS OF DOLLARS
----------------------------=1 190

~ JUL.

5

400
390
380

s

360
350

BILLIONS OF DOLLARS
460

AUG

25

8 22

SEP
1982

0 20

3

OCT

NOV

17

I

IS 20

DEC

12 20

JAN

0 23

FEB

23

MAR

0 20

4 18

APR
1983

MAY

I

IS 20

JUN

13 27

JUL

LATEST DATA PLOTTED WEEK ENDING: JULY 6, 1983
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

BORROWINGS FROM FEDERAL RESERVE BANKS
billions of

AVERAGES OF DAILY FIGURES

dollars

billions of dollars

4.5
1251
JUN.

MILLIONS
B

4.0
3.5

2102
2235

3.0
2.5

5 19

2

16 30 14 28 11

25

6 22

6 20

3 17

OCT

NOV

LATEST DATA PLOTTED WEEK ENDING: JULY 13,

I

13 29 12 26

JAN

9 23

9 23

6 20

1

15 29 13 27

FEB

1983

BUSINESS LOANS u
( COMMERCIAL AND INDUSTRIAL )

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

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
232

_ COMPOUNDED ANNUAL RATES
_ OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
_ JULY 6, 1983 FROM
'
THE FOUR WEEKS ENDING:
4,
6,
9,
9,
5,
6,
7,

“ MAR.
FEB.
JUL.

1983
1983
1983
1983
1983
1982
1982

-0.8

-5.0
-3.5
-2.9
...
-2.0
1.2

JUN.

1
214,850
215,504
215,707
213,544

JUL.

6

1 1 I I 1 I I I 1 I I I I II I
5 19

2

16 30 14 28 II

JUL

AUG

25

8 22

6 20

3 17

OCT

NOV

LATEST DATA PLOTTED WEEK ENDING: JULY 6,

I

15 29 12 26

JAN

9 23

9 23

FEB

6 20

4 18

APR

MAY

1

15 29 13 27

1983

1/ BUSINESS LOANS INCLUDE BANKERS’ ACCEPTANCES AND COiWERCIAL 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

12
LARGE TIME DEPOSITS

ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

JUL

AUG

OCT

NOV

LATEST DATA PLOTTED WEEK ENDING. JULY 6,

JAN

FEB

BILLIONS of dollars

APR

MAY

1983

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
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