Full text of U.S. Financial Data : July 19, 1990
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eserve Bank of St. Louis JUi.2 8 1990 ttSrfinancial Data July 19, 1990 THE WEEK'S HIGHLIGHTS: s Retail sales rose at a 6.6 percent annual rate in June, the first increase since February. Since December of last year, retail sales have risen at a 2.8 rate. s’ Industrial production rose at a 5.6 annual rate in June, following a 6.8 rate of increase in May. s Housing starts declined 2.3 percent in June, the fifth consecutive monthly decline this year. Housing starts in June were 16.8 percent below the level of a year ago. s' Consumer prices rose at a 6.7 percent annual rate in June, after increasing at a 1.9 percent rate in both April and May. Since December, consumer prices have increased at a 5.9 percent rate. s The merchandise trade deficit widened to $7.73 billion in May from a revised $7.31 billion in April. Thus far this year, the trade deficit has totaled $ 40.7 billion, down from $ 46.4 billion for the same period in 1989. THE FEDERAL A X RESERVE RANK of nr st. UMTS 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 ~ BILLIONS OF DOLLARS 314 JUL 298 3 17 51 JUN 14 20 JUL 12 26 0 23 0 20 SEP 1989 4 10 OCT 1 15 29 13 27 10 24 7 21 FEB LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDINGt JULY 11, 7 21 MAR 4 18 APR 1990 2 10 30 JUN 13 27 JUL 11 25 1990 THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE BANKS, CURRENCY IN CIRCULATION I CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF ALL 1TQRY INSTITUTIONS 1 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. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF TWO MAINTENANCE PERIOOS ENDING: 7/12/89 10/4/89 12/13/89 1/10/90 2/7/90 3/7/90 7.9 8.6 8.5 6.9 7.5 6.4 7.2 5.6 6.5 8.9 6.3 7.3 4/4/90 5/16/90 TO THE AVERAGE OF TWO MAINTENANCE PERIODS EM)INGt 12/13/89 1/10/90 2/ 7/90 3/ 7/90 4/ 4/90 5/16/90 6/13/90 7/11/90 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3.6 5.2 6.2 5.8 6.2 6.5 6.0 6.3 5.8 7.4 6.6 7.1 7.3 6.5 6.9 13.5 9.9 9.9 9.5 8.0 8.3 4.9 6.5 5.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED .IONS OF DOLLARS BILLIONS OF DOLLARS 825 809.4 817.7 810.2 785 1 10 20 12 20 10 24 MAY JUN JUL 7 21 4 10 AUG SEP 1980 2 18 30 13 27 11 25 8 22 OCT NOV DEC JAN 5 10 FEB 5 10 MAR 2 18 30 14 28 II 28 8 23 APR MAY JUN JUL 1990 LATEST DATA PLOTTED MEEK ENDING. JULY 0. 1990 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS H.B RELEASE. Ml IS THE SUM OF CURRENCY HELD BY THE NONBANK PUBLIC, DEMAND DEPOSITS. OTHER CHECKABLE DEPOSITS AND TRAVELERS CHECKS. MMCY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDINGt 7/10/80 10/0/80 12/11/80 1/8/00 2/12/00 3/12/00 4/0/00 5/7/00 7.8 6.0 4.0 4.7 2.5 1.4 2.8 0.7 2.8 3.0 TO THE AVERAGE OF FOUR REEKS ENDING. 12/11/80 1/ 8/00 2/12/00 3/12/00 4/ 0/00 5/ 7/00 8/11/00 7/ 0/00 4.7 5.5 4.5 5.5 5.2 4.9 4.4 4.6 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6.3 4.5 6.0 5.5 5.1 4.3 4.6 4.1 6.8 5.8 5.1 4.0 4.5 5.6 4.7 A.I 3.1 3.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS U 4 MONEY MULTIPLIERi/ CURRENCY COMPONENT OF MONEY STOCK ^ RATIO 3.0 -------------1---------- 1------------1— 1990 RATIO 3.0 RATIO APR. MAY 30 14 2,635 2.630 JUN 11 25 9 2.633 JUL AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED 2.9 2.8 2.8 Ml Ml LTIPL IER 2.7 V *i in. I IB MAY li l. mi in in 12 10 24 7 21 JUL AUG Si JUN 1980 11 ii in i ii. 2 10 90 IB 27 11 OCT NOV DEC 2.6 im in 8 22 5 10 FEB JAN 111 11L1 i n i 111 111 2 10 90 14 20 II 29 9 29 APR MAY JUN JUL 1990 s LATEST DATA PLOTTED TWO WEEKS ENDINBt JULY 9. 1990 BILLIONS OF DOLLARS 238 BILLIONS OF DOLLARS 238 “---------- 1---------- 1------------- 1---------_ r r — _ _ _ _ — COMPOUNDED ANNUAL RAT ES OF CHANGE, AVERAGE OF THE FOUR frEEKS ENDING JULY 9. 1990 FROM THE FOUR WEEKS ENDING t MAY 7, 1990 9.1 APR. 9. 1990 9.0 MAR. 12, 1990 9.3 rtu : Ii io Tb JAN 1990 9.0 1989 OCT JUL 10, 1989 7.7 234 r/ y — _ V - / 226 CURRI NCY 222 222 Ifl » “ e ILL IQIS JUN. 4 11 232.4 hit jul. *! ifri - 9 iLLL in 1111 111 111 IS 20 12 20 10 24 7 21 4 10 MAY JUN JUL AUG SEP 1989 ■ 111 1111 111 111 2 10 90 19 27 II 2S 0 22 OCT NOV DEC JAN in S 10 FEB 111 8 10 MAR 233.9 i i i i 1 i i i 1 i i i 1 i i i i‘ 2 10 90 14 20 II 2S 0 29 APR MAY JUN JUL 1990 LATEST DATA PLOTTED WEEK ENDINGi JULY 9, 1900 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 I I I I I IS 20 12 26 10 24 7 21 4 18 2 18 30 13 27 11 NOV 8 22 5 19 5 10 2 IS 50 14 28 II DEC MAY 25 0 23 JUN 1990 LATEST DATA PLOTTED WEEK ENDINGt JULY 9, 1990 TOTAL CHECKABLE DEPOSITS IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS. TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGF., 7/10/89 10/9/89 12/11/89 1/8/90 AVERAGE OF FOUR WEEKS ENDINGi 2/12/90 3/12/90 7.0 4.5 1.9 2.8 -0.2 -1.7 0.2 4/9/90 5/7/90 TO THE AVERAGE OF FOUR WEEKS ENDINGt 12/11/89 1/ 8/90 2/12/90 3/12/90 4/ 9/90 5/ 7/90 6/11/90 7/ 9/90 5.0 5.7 3.7 4.9 4.4 3.9 3. 1 3.3 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6.4 2,8 4.9 4.1 3.5 2.4 2.8 0.5 4.6 3.5 2.8 1.4 2. 1 2.7 1 .8 1 .3 0. 1 1.1 -2.4 0.3 0.6 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT 1 i .0 10.0 CORPORATE Aaa bonds 5 19 MAY 2 10 30 14 28 11 JUN JUL AUG 25 8 22 SEP 1989 8 20 3 17 I OCT NOV DEC IS 29 12 26 JAN 9 23 FEB 9 23 MAR 6 20 APR 1990 4 18 MAY LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt JULY 20, 1990 MAY 4 1 1 18 25 JUNE 1 8 15 22 29 JULY 6 13 20 X 27 I 15 29 13 27 JUN JUL 1990. 90 DAY CD'S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS' ACCEPTANCES CORPORATE Aaa BONDS CORPORATE Baa BONDS MUNICIPAL BONDS XX 8.56 8.37 8.29 8.29 8.25 8.22 8.21 8.24 8.27 8.24 8.25 8.05 8.36 8.26 8.21 8. 19 8. 18 8. 17 8.18 8.24 8.25 8.23 8.23 8.04 8.29 8.13 8.09 8.06 8.01 7.96 7.99 8.03 8.04 7.98 7.98 7.83 9.62 9.54 9.39 9.39 9.38 9.27 9.21 9.26 9.27 9.23 9.26 9.24 10.54 10.49 10.36 10.34 10.29 10.21 10. 19 10.24 10.25 10.20 10.23 10.18 7.54 7.39 7.29 7.26 7.26 7.21 7.20 7.28 7.27 7.24 7.21 N. A. NOTEt CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE. « 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 11.0 10.0 TREASURY I TIES 7.0 DISCOUNT RATE 6.0 5 10 2 10 SO 14 2® II JUL 25 8 22 AUG 8 20 5 17 OCT NOV I 19 20 12 28 JAN 0 23 0 23 FEB 1989 8 20 4 18 APR 1990 MAY 1 19 20 19 27 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK END INGi JULY 20. 1990. 1990 MAY 4 1 1 18 25 JUNE 1 8 15 22 29 JULY 6 13 20 X 27 FEDERAL FUNDS KM 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL mm 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 8.12 8.20 8.16 8.22 8. 19 8.26 8.30 8.28 8.28 8.33 8.28 8. M 7.85 7.74 7.67 7.71 7.74 7.70 7.70 7.74 7.77 7.71 7.73 7.59 8.03 7.84 7.68 7.79 7.74 7.62 7.64 7.64 7.67 7.60 7.75 7.52 7.94 7.75 7.66 7.64 7.61 7.51 7.50 7.57 7.57 7.49 7.53 7.35 9.01 8.79 8.67 8.64 8.52 8.41 8.39 8.47 8.45 8.36 8.43 8.31 9.11 8.93 8.78 8.78 8.71 8.58 8.55 8.63 8.63 8.58 8.67 8.62 NOTE, CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE EXCLUDING LONG-TERM TREASURY SECURITIES WHICH ARE COMPUTED BY THIS BANK. TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS. M AVERAGES OF RATES AVAILABLE XK SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN X** AUCTION AVERAGE (DISCOUNT ) http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 MONEY STOCK ( M2 ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 3500 BILLIONS 3262.0 3267.0 3270.3 3271.7 3277.5 3274.8 3250 3250 3125 3100 M II I 15 29 12 20 10 24 7 21 4 !• 2 It 30 19 27 11 29 AUG SEP 1989 NOV 8 22 DEC 5 10 S 10 FEB MAR 2 18 SO 14 28 II MAY 29 0 23 JUN LATEST DATA PLOTTED WEEK ENDING: JULY 9, 1990 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE M2 IS THE SUM OF M TO U.S. RESIDENTS L SMALL TINE DEPOSITS, _ DETAIL, SEE THE H.6 RELEASE. MONEY STOCK (M2) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 7/10/89 10/9/89 12/11/89 1/8/90 2/12/90 3/12/90 6.0 4.3 2.2 2.6 2.3 0.4 1.3 4/9/90 5/7/90 TO THE AVERAGE OF FOUR WEEKS ENDING: 12/11/89 1/ 8/90 2/12/90 3/12/90 4/ 9/90 5/ 7/90 6/11/90 7/ 9/90 7.5 7.4 7.0 7. 1 6.8 6.2 5.3 5.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7.3 6.6 6.9 6,4 5.7 4.5 4.4 5.8 6.6 5.9 4.9 3.5 3.6 6.4 5.6 4.5 2.8 3.0 -1.0 0.6 0.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ALL DEPOSITORY INSTITUTIONS TOTAL TIME DEPOSITS*/ LARGE TIME DEPOSITS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 2190 2190 COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF THE F0UR9EEKS ENDING 2100 2100 2130 TOTAL TIME DEPOSITS — FEB 2100 2100 1290. BILLIONS 2040 2040 HI I 1 111 1 111 LATEST DATA PLOTTED VEEK ENDING* JULY 9, I! BILLIONS OF DOLLARS BILLIONS OF DOLLARS 1990 BILLIONS LARGE TIME DEPOSITS 15 29 12 28 10 24 7 21 AUG 4 10 SEP 2 10 30 13 27 11 NOV DEC • 22 5 10 FEB 5 10 MAR 2 18 90 14 28 II 0 29 1990 LATEST DATA PLOTTED WEEK ENDING* JULY 9. 1990 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. LOUIS 9 10 BORROWINGS FROM FEDERAL RESERVE BANKS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS BILLIONS OF DOLLARS TOTAL BORROWINGS LATEST DATA PLOTTED WEEK END I NS t JULY IB, 1900 BILLIONS OF DOLLARS 2.5 BILLIONS OF DOLLARS 2.0 ADJUS1 + SEASONAL 1.5 1.0 0.5 3 IT 51 14 26 12 26 0 29 LATEST DATA PLOTTED http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8 20 4 18 15 28 19 27 10 24 7 21 7 21 4 18 2 16 90 13 27 II 28 ENDINBt JULY IB, 1990 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0.0 COMMERCIAL PAPER OF NONFINANCIAL COMPANIES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS 160 r:---------- ,---------- ,----1900 BILLIONS OF DOLLARS -------------------- --------zn 160 MILLIONS JUN. 6 15 148,225 148,619 JUL. 4 147,699 I I I I 3 17 31 14 28 12 26 0 23 6 20 MAY JUN JUL AUG SEP 1989 4 16 OCT I 15 29 13 27 10 24 NOV DEC JAN 7 21 FEB 7 21 MAR 4 16 APR 1990 2 16 30 13 27 II 25 MAY JUN JUL LATEST DATA PLOTTED WEEK ENDING* JULY II, 1990 BUSINESS LOANS u ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BILLIONS OF DOLLARS 336 BILLIONS OF DOLLARS 336 " COMPOUNDED ANNUAL RAT ES _ OF CHANGE. AVERAGE OF THE FOUR WEEKS ENDING - JULY 4. 1990 FROM _ THE FOUR WEEKS ENDING “ _ - MAY APR. MAR. FEB. JAN. 2, 4, 7. 7, 3, 1990 1990 1990 1990 1990 -2.8 0.6 2.1 1.8 0,4 _ JUL! 5, 1 989 1.3 - tv n 320 - r V\ r A/ / ?i in MAY 111 111 JUN JUL IJII 111 23 AUG SEP 1989 -l-U -LLLL OCT NOV 111 -LLLL _LLL 15 29 IS 27 DEC 10 24 JAN aA r A rA 11 1991 hi MAR 1ILLI0N5 MAY 30 3 20, 19 2 JUN. 13 320,908 20 322.671 “ 27 320,305 JUL. 4 323,151 _ -in 11111 ii 111111; 21 FEB 324 2 APR 1990 16 30 13 27 MAY JUN II 25 JUL LATEST DATA PLOTTED WEEK ENDING* JULY 4, 1990 1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER. 2/ BAMtS WITH DOMESTIC ASSETS GREATER THAN 61.4 BILLION http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. 11 LOUIS DOLLAR’S TRADE-WEIGHTED EXCHANGE INDEX AVERAGES OF DAILY FIGURES 1973-100 ----- no 3 17 31 MAY 14 28 12 28 JUN JUL 8 23 8 20 AUG SEP 1989 4 18 OCT I IS 28 13 27 10 24 NOV DEC JAN 7 21 7 21 4 18 FEB MAR APR 1990 2 18 30 13 27 11 2S MAY JUN JUL LATEST DATA PLOTTED WEEK ENDINGt JULY 18. 1990 NOTEt CURRENT DATA APPEAR 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. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS .***-■ i> <