Full text of U.S. Financial Data : July 16, 1987

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Federal Reserve

of 5t. Louis

July 16, 1987

JUl * 9 ^

THE WEEK'S HIGHLIGHTS:
s

Ml increased by $7.3 billion during the week ending July 6.

v*

The producer price index rose 0.2 percent in June or at an annual
rate of 2.9 percent. This price index has increased at an annual rate
of 4.5 percent over the first six months of 1987, after declining at
a 2.2 percent rate for all of 1986.

is

Retail sales increased 0.4 percent in June or at an annual rate of
5.2 percent. The June increase follows a decline of 0.3 percent in
May. The May decline had previously been estimated at 0.6 percent.

ts

The index of industrial production increased 0.2 percent in June or
at an annual rate of 1.9 percent. Industrial production has increased
at an annual rate of 2.4 percent over the first six months of 1987,
up from 0.9 percent for all of 1986.

v*

The U. S. merchandise trade deficit widened to $14.40 billion in May
from $13.32 billion in April. May exports were $20.42 billion while
imports (C.I.F.) were $34.82 billion.

RKSKKVK
RVNKot

Digitized for views
FRASER
expressed do not necessarily reflect official positions of the Federal Reserve System.
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Federal Reserve Bank of St. Louis

2

ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

lfifll
JUN.

BILLIONS OF DOLLARS
268

ftlLLlQNS
263.9
263! 3
264. I
263.7
263.3
264.5

264

256

252

244

r 21

4 18

MAY

JUN

2 18 90 19 27

AUG

10 24

8 22

5 19

9 17 91

SEP

14 28 II

JAN

25 II

FEB

25

8 22

MAR

6 20

5 17

MAY

JUN

I

15 29

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING: JULY 15, 1987
Tl

5JUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FI
,1 ^1

wffflwwnr
WJUUSSS&D SPrBM"

l OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT.
DETAILED DESCRIPTION OF THE ADJUSTED MONETARY
IS AVAILABLE FROM THIS BANK.
RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PER 1ODS ENDING:
7/16/86

10/8/86 12/17/86

/14/87

2/11/87

3/11/87

4/8/87

5/20/87

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS EM>INGt
12/17/86
1/14/87
2/11/87
5/11/87
4/ 8/87
5/20/87
6/17/87
7/15/87

9.6
10.4
10.7
9.7
8.9
9. 1
8.5
7.8


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Federal Reserve Bank of St. Louis

13. 1
13. 1
11.1
9.7
9.8
8.9
8.0

-------

13.8
9.9

e.o

8.7
7.5
6.5

7.6
5.9
7.4
6.3
5.3

2.5

s.e
4.9
4.0

7.2
5.5
4.3

6.8
4.8

0.7

4

**•■■■ —...

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

745.8
744.9
750.2
749.9

5 10

2 IS 30

14 28 11

25

8 22

8 20

3 17

I

15 2fl 12 28

JAN

0 23

0 23

8 20

4

18

1

15 20 13 27

FEB

1986

1987

LATEST DATA PLOTTED WEEK ENDING; JULY 6, 1987
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS * H.6 RELEASE.
Ml IS THE SUM OF CURRENCY HELD BY THE NONBANK PUBLIC, DEMAW) DEPOSITS, OTHER CHECKABLE
DEPOSITS AND TRAVELERS CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE
7/7/86

10/6/86

12/8/86

1/5/87

14.0
12.4
10.1
12.3
10.2
7.3

0.9
1.5
6. 1
5.0
2.6

AVERAGE OF FOUR WEEKS ENDING:
2/9/87

3/9/87

4/6/87

5/4/87

5.9
11.1
8.2
4.5

12.2
8.0
3.5

10.3
3.7

-3.7

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

8/86
5/87
9/87
9/87
6/87
4/87
8/87
8/87

17.7
21.3
16.6
15.7
14.3
15.0
13.5
11.5


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Federal Reserve Bank of St. Louis

27.2
17.2
15.7
13.6
14.8
12.8
10.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY MULTIPLIER!/
CURRENCY COMPONENT OF MONEY STOCK */
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED
1987
APR.
MAY
JUN.

5 19

MAY

RATIO

20
4
18
I
15
29

2

2.061
2.857
2.859
2.862
2.827
2.835

Ml MULTIPLIER

18 90 14 28 II

JUN

JUL

25

AUG

8 22

SEP
1986

6 20

3 17

OCT

NOV

I

18 29 12 26

DEC

LATEST DATA PLOTTED TWO WEEKS ENDlNGt JUNE 29,

JAN

9 23

FEB

9 29

MAR

8

4 18

I

APR
1987

MAY

JUN

15 29 13 27

JUL

1987

BILLIONS OF DOLLARS
196 ---------- 1------------- 1------

BILLIONS OF DOLLARS
------------------------------- 196

_ COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
- THE FOUR WEEKS ENDING
—JULY 6. 1987 FROM
_ THE FOUR WEEKS ENDlNGt
_

MAY
APR.
MAR.
- FEB.
- JAN.
_
OCT.
JUL.

4,
6,
9,
9,
5,
6
7

987
987
987
987
987
986
986

6.3
7.2
6.3
6.4
8.2
8.5
8.1

CURRENCY

lfifil
JUN.

BILLIONS
I

190.5
190.4
190.8
191.3

LL1.1 I J 1 I I I II I I II
5 19

MAY

2 16 90 14 28 11

JUN

JUL

AUG

25

6 22

SEP
1986

6 20

9 17

I

OCT

NOV

DEC

LATEST DATA PLOTTED WEEK ENDlNGt JULY 6,

15 29 12 28

JAN

9 29

FEB

9 23

6 20

APR
1987

4 18

MAY

I

15 29 13 27

JUN

JUL

1987

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

BILLIONS OF DOLLARS

556.4
548.6
547.3
551 .9
551 .8

5 19

2 16 30 14 28 II

JUL

25

AUG

8 22

8 20

3 17

OCT

NOV

LATEST DATA PLOTTED WEEK ENDING: JULY 0,

1

15 29 12 26

JAN

9 23

9 23

FEB

6 20

4

APR

MAY

18

I

15 29 13 27

1987

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

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING-.
7/7/86

10/6/86

12/8/86

1/5/87

2/9/87

3/9/87

4/6/87

5/4/87

6.0
12.8
8.7
3.8

14.6
8.5
2.5

11.1
2.4

-7.1

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

8/88
5/87
9/87
9/87
6/87
4/87
8/87
6/87

21 .5
26.6
19.4
18.2
16.5
17.5
15.5
12.8


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Federal Reserve Bank of St. Louis

34.7
19.7
17.8
15.4
16.9
14.2
10.9

14.5
12.8
10.4
13.5
10.6
6.9

-3.0
-1.2
4.9
3.6
0,6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

percent

CORP<
AAA B

MUNIC

2

18 50

13 27

JUN

II

8 22

8 10

3 17 31

JUL

14 28 12 28

NOV

DEC

9 23

8 20

8 20

3

FEB

MAR

APR

17

1

15

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* JULY 17,

1987
MAY

1
8
15
22
29
JUNE
5
12
19
26
JULY
3
10
17 *
24
31

90 DAY
CD’S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS’
ACCEPTANCES

CORPORATE
Aaa BONDS

6.78
6.85
6.89
7.23
7.03
6.99
6.98
6.88
6.91
6.88
6.73
6.65

6.59
6.76
6.78
6.94
6.88
6.87
6.86
6.85
6.87
6.82
6.65
6.54

6.70
6.77
6.84
7.16
6.98
6.90
6.83
6.79
6.81
6.75
6.63
6.53

9.21
9.21
9.25
9.49
9.40
9.38
9.36
9.29
9.25
9.33
9.31
9.35

CORPORATE
Baa BONDS
10.37
10.45
10.45
10.62
10.58
10.61
10.58
10.48
10.43
10.52
10.52
10.55

1987.

MUNICIPAL
BONDS KK
7.85
7.86
7.82
8.31
8.03
7.97
7.83
7.63
7.72
7.81
7.67
N.A.

STCftmamffli AVAILABLE T* B0ARD "= 00VERW)RS- H'15 «"*'
«* BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONIS, THURSDAY DATA
N.A. - NOT AVAILABLE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BAN< OF ST. LOUIS

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES

PERCENT

PERCENT

11.0

RATE
9.0

8.0

TREASURY

•CUR I TIES
7.0

6.0

\^1
DISCOUNT RATE

5.0

TREASl

I I I I
2 16 30 13 27

JUN

II

8 22

5 10

3 17 31

JUL

14 28 12 26

NOV

DEC

9 23

6 20

6 20

3 17

FEB

MAR

APR

1

15 29 12 26 10 24

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt JULY 17.

1987

K

1
8
15
22
29
JUNE
5
12
19
26
JULY
3
10
o»r\>—

MAY

1987.

FEDERAL
FUNDS Ml

3-MONTH
TREASURY
BILL

B-MONTH
TREASURY
BILL K«x

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

6.50
7.30
6.75
6.77
6.80
6.65
6.70
6.75
6.79
6.61
6.64
6.52

5.69
5.61
5.69
5.68
5.67
5.70
5.55
5.65
5.77
5.68
5.61
5.58

6. 14
6. 16
5.74
6.34
6.18
6. 10
5.99
5.95
5.93
6.00
5.68
5.54

6.31
6.39
6.54
6.71
6.48
6.44
6.36
6.29
6.32
6.25
6.20
6.11

7.92
8.09
8.24
8.52
8.23
8. 19
8. 10
7.87
7.91
7.96
7.91
7.91

8.63
8.73
8.82
9. 10
8.79
8.85
8.77
8.55
8.58
8.66
8.62
8.69


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Federal Reserve Bank of St. Louis

Ef0IN9 ™° °*YS EARLIER THAN DATE««

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
COMMERCIAL BANK
SMALL TIME DEPOSITS^
LARGE TIME DEPOSITS v
billions of dollars

1987

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

billions of dollars

BILLIONS

359.5

SMALL TIME DEPOSITS

LATEST DATA PLOTTED WEEK ENDING; JULY 8, 1987
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

311.3
315.8
316.2
315.9
313.0

LARGE TIME DEPOSITS

5 19

2 10 30 14 29 II 25 8 22
JUL
AUG
1986

8 20
OCT

3 17
NOV

I

15 29 12 28 9 23
JAN
FEB

9 23

8 20
APR
1987

4 18
MAY

1

15 29 13 27

LATEST DATA PLOTTED WEEK ENDINGt JULY 6. 1987
1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 9100,000
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

COMMERCIAL BANK
TOTAL TIME DEPOSITS
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
860 r---------i------------- 1------

12SZ.
JUN

BILLIONS OF DOLLARS
----------------------------Zj 860

BILLIONS
844.4
848.0
850.5
851 .3

S 10

2 10 90 14 20 II 25

8 22

6 20
OCT

3 17
NOV

LATEST DATA PLOTTED WEEK ENDlNQt JULY 6,

I

15 20 12 28 0 23
JAN
FEB

0 23

6 20
APR

4 18
MAY

1

15 20 13 27

1887

TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE ,
7/7/86

10/6/86

2/8/86

1/5/87

AVERAGE OF FOUR WEEKS ENDING:
2/8/87

3/8/87

4/6/87

5/4/87

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

B/86
5/87
8/87
8/87
8/87
4/87
0/87
8/87

I . 1
2.6
3.6
4.0
4.3
5. 1
5.5
6.0


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

4.3
5.6
5.9
6. 1
7.0
7.3
7.8

10. 1
9. 1
8.7
9.5
9.5
9.8

8.1
7.9
9.1
9.2
9.6

7. 1
9.0
9. 1
9.7

10. 1
9.9
10.A

II.0
11.5

10.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

BILLIONS

of

DOLLARS

3.0

2.5

TOTAL BORROWINGS

0.0
LATEST DATA PLOTTED WEEK ENDINGt JULY 15, 1087
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

-

_

JUN.

2.0

M il.

2.5
1087

MILLIONS

10
17
24

364
300
534

12

450
41 1
ADJUS FMENT + SEAS ONAL
30RR0 WINGS

1 1

1-

-

MM

J

V"
■ III

7 21
MAY

A,

V
111
4 IS
JUN

\r

IV

A W

111
111 1111
2 IS 30 15 27 10 24 S 22
JUL
AUG
SEP
OCT
1986

■in

\T
111
5 10
NOV

LATEST DATA PLOTTED WEEK ENDINGt JULY 15,


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Federal Reserve Bank of St. Louis

1 /

A A
i

V 1A

111 111 -LLL 1 1 1 1
3 17 31 14 28 11 25 II 25 8 22
DEC
JAN
FEB
APR
MAR
1987

INI

_L

-

A

7

U

\

~

XL' _LLL 1 ii L
8 20
MAY

3 17
JUN

1 15
JUL

1087

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
BILLIONS OF DOLLARS
95 ---------- i---------- ,-------1987

NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
------------------------------ 95

MILLIONS

JUN.

3

JUL.

I

7 21

4 18

MAY

JUN

80,423

80,093

2

16 SO 13 27

AUG

10 24

8 22

S 10

3 17 31

SEP

14 28 II

JAN

LATEST DATA PLOTTED WEEK ENDING: JULY 8,

FEB

25 11

25

6 22

MAR

6 20

3 17

MAY

JUN

I

15 20

1987

BUSINESS LOANS v

( COMMERCIAL AND INDUSTRIAL )
WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
290 ---------- 1---------- 1--------

ILL IONS OF DOLLARS
—|---------- -------------- 290

_ COMPOUNDED ANNUAL RATES
_ OF CHANGE, AVERAGE OF
_ THE FOUR *EEKS ENDING
JULY I. 1987 FROM
“THE FOUR WEEKS ENDING: '
-

APR. 29,
APR.
1,
MAR. 4,
FEB. 4,
DEC. 31,
OCT.
1,
JUL. 2,

1987
1987
1987
1987
1986
1986
1986

-3.6

5.9

MAY 27
JUN. 3

277,607
277,332

I I I I
4 18

MAY

JUN

I 1 I I I I I I I I I I I I I

2 16 30 13 27

AUG

10 24

6 22

5 10

3 17 31

SEP

LATEST DATA PLOTTED WEEK ENDING: JULY 1,

14 20 11

JAN

FEB

25 II

25

MAR

5 22

6 20

3

MAY

JUN

17

I

15 20

1987

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 01.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF 8T. LOUIS

11