Full text of U.S. Financial Data : July 26, 1984
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°f St. Louis JUL 2 7 y.S. Financial Data July 26,1984 Interest rates on marketable securities have risen since February. In addition to the continued federal borrowing to finance deficits, the demand for funds has been bolstered by increased private credit demands (page 11). Monetary expansion as measured by the growth rate of Ml, however, has been roughly the same since February as it was from last July to February (page 3). Despite the increases, short-term interest rates remain significantly below their 1981-82 average levels (see table below). Long-term interest rates, which are affected by the long-run inflationary expectations of investors, rose to levels more closely approximating their 1981-82 average levels. Selected Interest Rates (averages of daily figures) Securities Week ending July 27, 1984 1/ 30-day commercial paper 3-month Treasury bills 1-year Treasury bills 5-year Treasury securities Corporate Aaa bonds 11.01% 10.25 10.85 13.25 13.46 February 1984 “ 1981-82 9.35% 9.09 9.20 11.54 12.08 13.76% 12.32 12.11 13.63 13.98 1/ Average of rates available —Norman N. Bowsher THE FEDERAL A RESERVE X HANK of nr ST. 11N IS DigitizedViews expressed do not necessarily reflect official positions of the Federal Reserve System. for FRASER 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 218 216 JUN. 20 214 212.6 212.0 ~ JUL 212.9 213.7 210.9 215. 1 212 210 208 206 204 202 200 198 196 194 I IS 28 13 27 10 24 7 21 5 10 SEP OCT 2 10 SO 14 28 II DEC LATEST DATA PLOTTED WEEK ENDING* JULY 25, 25 8 22 7 21 4 MAR JAN APR 18 2 16 SO 13 27 11 JUN 25 8 22 JUL 1984 THE ADJUSTEDMONET/gY BASE CONSISTS OFt ( I > RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT CIRCULATION (CURRENCY HELD BY THE PUBLIC AM) IN THE VAULTS OF ALL DEPOSITORY INST TUT IONS). AND C3) AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO CHANGES^THEUAJORSOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT: DATA £2FeC2&H7f£.!Y.IiUS BANK A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAIL ABLE FROM THIS BANK. RECENT DATA ARE PRELIMINARY ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING; 7/27/83 10/26/83 12/28/83 1Z25/84 2/22/84 3/28/84 10.3 8.2 11.1 8.6 5. 1 10.2 7.2 4/25/84 5/23/84 TO THE AVERAGE OF FOUR WEEKS ENDING: 12/28/83 1/25/S4 2/22/84 3/28/84 4/25/84 5/23/84 6/27/84 7/25/84 7. 1 7.8 8.2 8.9 8.6 8.2 9.2 8.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7.8 8.5 9.6 9. 1 8.4 9.8 8.6 11.1 12.0 10.7 9.3 11.1 9.3 12.2 10.4 8.8 1 1 .0 8.9 1 1.9 7.5 9.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 555 r-------- 1---------- 1--------- 19S4 JUN. BILLION? ll 6 20 4 It JUN BILLIONS OF DOLLARS ------ ------------- --------=1 555 548.2 545.0 546. I 544.5 546. 7 546.6 JUL I IS 20 12 26 10 24 7 21 S 10 NOV DEC 2 16 SO IS 27 12 26 FEB 0 25 7 21 4 IS 2 16 SO IS 27 MAR 1983 LATEST DATA PLOTTED WEEK ENDING: JULY 16. 1964 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. Ml CONS I STS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COMMERCIAL BANK DEMAND DEPOSITS SkDnT«:BHrucR!S^ Eci«e9-iiEft£LUPilTH0SE 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: 7/18/83 10/17/83 12/19/83 1/16/84 2/13/84 3/19/84 4/16/84 5/14/84 7.7 6.5 5.6 8.0 7.1 4.9 4.2 7.5 6.5 3.3 8.3 6.8 10.2 7.7 10.0 TO THE AVERAGE OF FOUR WEEKS ENDING: 12/19/83 1/16/84 2/13/84 3/19/84 4/16/84 5/14/84 6/18/84 7/16/84 5.4 5.6 6.2 6. 1 5.9 5.6 6.7 6.3 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5.7 6.8 6.5 6. 1 5.7 7.2 6.6 8.5 7.4 6.5 5.8 7.8 7.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY MULTIPLIER^ CURRENCY COMPONENT OF MONEY STOCK v AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED ISM JUN. RATIO 11 2.570 Ml MULTIPLIER LATEST DATA PLOTTED WEEK ENDING-. JULY 16, BILLIONS OF DOLLARS 158 1 1 156 154 150 BILLIONS OF DOLLARS 158 1 - COMPOUNDED ANNUAL R)KTES -----OF CHANGE. AVERAGE IKE FOUR *EEKS END 1 ” JULY 16, 1084 FROM THF FOUR WFFKS FND1 sJG: — 152 1084 MA Y AP R. — MAR. _ FE 8, JA N. — OC _ JU L! 14, 16, 19, 13, 16, 1984 1984 1984 1984 1984 8. 9. 8.1 7. 7. i 18 I 1983 S' r 154 9. " 156 152 CURRE NCY - 150 148 148 - - - - 146 144 1 !S4 - 142 ✓ JUh . r j!lll 0 20 JUN 11 18 25 2 0 16 1 ii i 1 i Mil -LliJ JUL . 140 in -U-LL 4 10 I JUL AUG mi 1111 15 20 12 20 10 24 SEP 1083 OCT -LLL 21 NOV 111 5 10 DEC 1111 1 1 1 -LLL 2 10 30 13 2T 12 20 JAN FEB MAR BILLIONS 0 25 7 21 APR MAY 1984 153.0 154.1 ~ 154.6 154.1 “ 155.0 — 155.1 i i i 1 i i i! 10 90 19 27 JUL AUG LATEST DATA PLOTTED WEEK EMHNGt JULY 16, 1084 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 144 142 140 TOTAL CHECKABLE DEPOSITS!/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 305 389.2 385.8 386.3 386.3 375 370 360 6 20 4 IS JUN JUL I 15 20 12 20 10 24 7 21 5 10 NOV DEC 2 16 30 15 27 12 20 FEB 0 23 7 21 4 10 MAY MAR JUN 2 10 30 13 27 LATEST DATA PLOTTED WEEK ENDINGt JULY 16, 1084 1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, 7/18/83 10/17/83 12/10/83 AVERAGE OF FOUR WEEKS ENDING: 1/16/84 2/13/84 3/10/84 4/16/84 5/14/84 8.5 6.7 4.8 8.2 6.8 5.2 3.2 7.7 6.2 0.9 7.8 5.9 10.3 6.9 10.6 TO THE AVERAGE OF FOUR WEEKS ENDINGt 12/19/83 1/16/84 2/13/84 3/10/84 4/16/84 5/14/84 6/18/84 7/16/84 3.8 3.7 4.5 4.9 4.7 4. 1 5.7 5.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3.7 5.2 5.6 5.2 4.3 6.5 5.8 6.6 6.8 5.9 4.5 7.4 6.3 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT —i 15.0 CORPORATE Am BONDS ’RIME BANK 1 1.0 MUNICIPAL BONDS 90 DAY CD’S I JUN 15 29 JUL 12 26 AUG 9 23 SEP 1983 7 21 4 18 OCT NOV 2 16 30 13 27 DEC JAN 10 24 FEB 9 23 MAR 6 20 APR 4 18 MAY 1984 1 15 29 13 27 JUN LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt JULY 27, 1984 JUNE 1 8 15 22 29 JULY 6 13 20 27 * AUG. 3 10 17 24 31 90 DAY CD’S 30-DAY COMMERCIAL PAPER 1 1.31 1 1 .09 11.13 11.46 11.67 11.75 11.60 11.54 11.55 » AVERAGES OF RATES AVAILABLE. OF ** BOND BUYER’S AVERAGE INDEX 10.32 10.56 10.75 10.98 1 1 .07 11.11 11.13 11.03 1 1 .01 90-DAY BANKERS' ACCEPTANCES 10.92 10.81 10.85 11.27 11.46 11.44 11.41 11.36 11.28 CORPORATE Am BONDS 13.56 13.46 13.48 13.55 13.71 13.69 13.53 13.36 13.46 CORPORATE Bm BONDS 15.04 14.95 15.01 15.06 15.20 15.29 15.16 15. 18 15. 18 JUL 10 24 AUG 1984 MUNICIPAL BONDS KK 11.07 10.78 10.59 10.56 10.76 10.C9 10.44 10.36 N.A. 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 15.0 5-Y TREASURY SECURITIES RATE 3-MONTH N TREASURY BILL 1 15 29 12 28 0 23 7 21 OCT 4 18 NOV 2 10 30 13 27 JAN 10 24 0 23 FEB 6 20 APR 4 18 MAY LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* 1984 JULY 27. 1984 FEDERAL FUNDS «K 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL XXX 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 10.30 10.72 10.85 11.49 11.27 10.91 11.25 1 1.21 11.19 9.76 9.81 9.95 9.91 9.81 9.92 10.04 10. 1 1 10.25 10.62 10.57 10.66 10.49 10.49 10.54 10.52 10.60 10.64 10.94 10.80 10.87 10.97 11.09 1 1 .01 10.94 10.89 10.85 13.69 13.34 13.36 13.49 13.72 13.67 13.39 13.23 13.25 13.71 13.38 13.35 13.41 13.62 13.65 13.31 13.21 13. 13 JUNE 1 8 15 22 29 JULY 6 13 20 27 X AUG. 3 10 17 24 31 * AVERAGES OF RATES AVAILABLE. XK SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE. mm 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 SMALL TIME DEPOSITS^ COMMERCIAL BANK SAVINGS DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 390 r-------- 1---------- 1-------- ISfil JUN. BILLIONS OF DOLLARS ---------------------------- Z] 390 BILLIONS II SMALL TIME DEPOSITS LATEST DATA PLOTTED WEEK ENDING; JULY 16, 1984 BILLIONS OF DOLLARS 160 ----------1---------- 1-------- ISfil JUN. BILLIONS OF DOLLARS ------------------------------- 160 BILLIONS 1 128.2 SAVINGS DEPOSITS 0 20 4 10 JUN JUL I 10 20 12 20 10 24 AUG SEP 1983 7 21 5 10 NOV DEC 2 10 90 19 27 JAN FEB 12 20 MAR 0 29 APR MAY 1984 JUN JUL AUG LATEST DATA PLOTTED WEEK ENDING; JULY 16, 1984 1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 0100.000. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS TOTAL TIME DEPOSITS^ ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 760 &1LL1PNS. 750 741 .7 745.2 747.4 750.2 752.4 0 20 4 JUN JUL 18 1 19 29 12 10 24 7 21 S 19 NOV DEC LATEST DATA PLOTTED WEEK ENDING* JULY 16. 2 10 90 IS 27 12 26 9 29 7 21 4 18 2 16 90 19 27 1984 1/ SAVINGS DEPOSITS PLUS SHALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS TOTAL TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, 7/18/83 10/17/83 12/19/83 1/16/84 AVERAGE OF FOUR WEEKS ENDING: 2/13/6-4 3/19/84 4/16/84 6.2 8.4 12.3 13.2 11.4 15.7 16.1 18.8 18.3 5/14/84 TO THE AVERAGE OF FOUR WEEKS ENDING: 12/19/83 1/16/84 2/13/84 3/19/84 4/16/84 5/14/84 6/18/84 7/16/84 8.0 7. 1 5.3 5.1 5.5 6.2 7.9 8.6 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7.3 4.0 4.0 4.7 5.9 8.2 9.1 •1.7 0.4 2.4 4.4 7.8 9.0 -0.6 2.3 4.8 8.7 10.0 20.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 10 LARGE TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED LLIONS OF DOLLARS BILLIONS OF DOLLARS ------------------------------- 255 BILLIONS 248.1 250.5 a 20 JUN 4 18 JUL I IS 20 12 2a 10 24 AUG SEP OCT 1983 7 21 NOV S IS DEC 2 IS 90 IS 27 12 20 0 23 7 21 JAN FEB MAR APR MAY 1984 4 IS JUN 2 IS 30 IS 27 JUL AUG LATEST DATA PLOTTED REEK ENDING. JULY 16. 1984 TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100,000 OR MORE. MMDAs, MMMFs and SUPER NOWs (billions of dollars, not seasonally adjusted) MMDAs 1/ June July 4 11 18 25 2 9 16 $395.6 395.4 393.5 390.6 390.3 390.9 389.9 MMMFs 2/ $191.3 191.1 191.3 190.4 190.9 190.8 192.7 SUPER MOHs 3/ $43.4 43.8 43.5 42.5 43.0 44.4 43.8 1/ Money market deposit accounts at all depository institutions, effective 12/14/82 2/ Total money market mutual fund balances 1/ 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 SAW OF ST. LOUIS BORROWINGS FROM FEDERAL RESERVE BANKS BILLIONS OF DOLLARS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS 1894 MILLIONS JUN. 20 3421 27 2973 4 4845 18 25 5891 8849 5 19 SEP 2 10 30 14 OCT It 25 DEC LATEST DATA PLOTTED WEEK ENDINGt JULY 25. 0 22 7 21 4 10 2 10 50 IS 27 It JAN JUN 25 8 22 JUL 1984 BUSINESS LOANS u ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS BILLIONS OF DOLLARS 248 - COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF - THE FOUR *EEKS ENDING - JULY 11. 1984 FROM - THE FOUR WEEKS ENDINGt - MAY 9, - APR. 11. MAR. 14, FEB. 8. 1984 1984 1984 1984 I OCT. 12, _ JUL. 13, 19.7 22.7 244 ■ 1983 1983 240 26.0 236 232 228 224 220 216 212 I 15 29 15 27 10 24 7 21 5 19 SEP OCT 2 10 SO 14 28 II DEC 25 8 22 7 21 4 10 MAR JAN APR XJ-l.UJ-LUJ.il 1.1.1 11 2 10 SO IS 27 It JUN 25 t 22 JUL LATEST DATA PLOTTED WEEK ENDINGt JULY II, 1984 1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER. 2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 01.4 BILLION http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11