Full text of U.S. Financial Data : July 30, 1987
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RESEARCH LIBRARY Federal AUG 0 3 m7 lancial Data Ju|y 30»1987 THE WEEK'S HIGHLIGHTS: Real gross national product increased at a 2.6 percent annual rate in the second quarter of this year. Over the first half of 1987, real GNP increased at a 3.5 percent rate, compared with a 2.2 percent rate for all of 1986. v* The implicit price deflator for gross national product rose at an annual rate of 3.8 percent in the second quarter. Over the first half of 1987, the deflator rose at a 4 percent rate, compared with a 2.2 percent increase during 1986. is Personal income increased at a 4.3 percent annual rate in June. Personal income has risen at a 6.6 percent rate over the first half of 1987. is Personal consumption expenditures rose at an 8.7 percent annual rate in June, following a slight decrease in the previous month. Over the first half of 1987, personal consumption expenditures rose at a 4.3 percent rate. s The composite index of leading indicators increased 0.8 percent in June. The June increase followed a revised 0.5 percent increase for May. 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 268 BILLIONS MAY JUN. 20 263.3 264. 1 264.2 256 252 248 244 4 1« 2 16 30 13 27 10 24 8 22 5 19 3 17 SI 14 28 II JAN FEB 25 II 25 8 22 MAR LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDINGt JULY 29, 6 20 3 17 MAY JUN I 15 28 12 26 1987 .MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF_______ FINANCIAL ___ NSTI TUT IONS AT FEDERAL , BANKS, CURRENCY IN CIRCULATION (CURRENCY HELD BY_IHE_PUBLJC -------------- ‘ and "■ in the vaults of all SI TORY INSTITUTIONS AN ADJUSTMENT ADJUSTI---------------------------ORY_INST I TUT IONS )> AM) AM) AN FOR RESERVE REQUIREMENT RATIO CHANGES. .......MAJOR THE MAJI ' *.............. IS FEDERAL RESERVE CREDIT. DATA ARE COMPUTED BY THIS A DETAILED DESCRIPTION OF THE AOJUSTED MONETARY BASE IS AVAILABLE FROM THIS BANK. RECENT DATA ARE PRELIMINARY. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF TWO MAINTENANCE PER 1ODS ENDING: 7/30/86 10/22/86 12/31/86 1/28/87 2/25/87 3/25/87 4/22/87 6/3/87 4. 1 4.6 5.5 4.3 4.2 5.9 6.4 4.8 4.6 6.6 4.3 4.3 3.8 3.9 1 .5 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDINGt 12/31/86 1/28/87 2/25/87 3/25/87 4/22/87 6/ 3/87 7/ 1/87 7/29/87 9.9 10.9 9.7 9.3 8.9 8.7 7.8 7.5 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13.7 11.0 10. 1 9.4 9.0 7.8 7.4 9.2 8.2 7.6 7.5 6. 1 5.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS JUN. 15 BILLIONS OF DOLLARS 780 744.8 750. 1 742.5 750.4 743.5 748.3 740 720 660 2 ie SO 14 28 11 JUL 25 8 22 AUG 8 20 3 17 OCT NOV I 15 20 12 28 JAN LATEST DATA PLOTTED WEEK ENDING* JULY 20, 0 23 0 23 8 20 4 18 I 15 20 13 27 10 24 FEB 1987 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. DEPOSITS^AND^TRAVELErI^CHECKS? BY THE PUBL,C* DQ*ND DEP0S,TS* °THER CHECKABLE- MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING*. 7/21/86 10/20/86 12/22/86 1/19/87 2/23/87 3/23/87 0.9 3.3 6. 1 3.2 2.0 7.0 9.8 4.8 3.1 12.3 4.8 2.6 4/20/87 5/18/87 TO THE AVERAGE OF FOUR WEEKS ENDING: 12/22/86 1/19/87 2/23/87 3/23/87 4/20/87 5/18/87 6/22/87 7/20/87 19.3 20.1 16.2 14.9 14.2 14.4 12.0 10.7 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 25.0 16.8 14.5 13.7 13.9 10.8 9.2 8.9 7.7 8.0 9.4 6.2 4.8 3.0 0.8 -5.3 PREPARED BY FEDERAL RESERVE BANK OF ST. 3 LOUIS 4 MONEY MULTIPLIER^ CURRENCY COMPONENT OF MONEY STOCK*/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED 1987 RATIO 3.0 RATIO Ml MULTIPLIER 2.9 2.8 2.7 I I I I 2 16 90 14 M II 28 8 6 20 OCT 9 17 NOV LATEST OATA PLOTTED TWO WEEKS ENDINGt I IB 20 12 26 JAN JULY 13, 0 29 0 29 FEB 6 4 It APR MAY I 15 29 19 27 10 24 1987 BILLIONS OF DOLLARS ILL IONS OF DOLLARS 196 _ COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF - THE FOUR llfEEKS ENDING —JULY 20. 1987 FROM _ THE FOUR WEEKS ENDING: _ MAY 18, 1987 APR. 20, 1987 MAR. 23, 1987 - FEB. 23. 1987 - JAN. 19, 1987 _ OCT. 20, 1986 JUL. 21, 1986 6.2 7.6 6.7 6.5 7.5 8.3 8.2 188 CURRENCY 184 1987 JUN. BILLIONS IS 190.6 178 uj-L i.i .i 1111111111 2 16 90 14 28 II 25 JUL 8 22 AUG 8 20 OCT LATEST DATA PLOTTED WEEK ENDINGt 9 17 NOV 1 JULY 20, 15 29 12 20 JAN 9 23 9 29 8 20 4 18 1 15 29 19 27 10 24 FEB 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 575 ------------- 1---------- ,----- BILLIONS OF DOLLARS BILLIONS 552.3 544.6 549.2 2 16 SO 14 28 II 25 JUN JUL AUG 8 22 SEP 1986 6 20 5 17 I OCT NOV DEC IS 20 12 28 JAN 0 29 FEB 0 29 MAR 8 20 4 18 APR MAY 1 15 20 19 27 10 24 LATEST DATA PLOTTED WEEK ENDING: JULY 20. 1987 DEPOSIToIy^NSTITUT?ONSS 18 THE SUM ** DEMAr'® DEPOSITS AM) OTHER CHECKABLE DEPOSITS AT ALL TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING-. 10/20/86 12/22/86 1/19/87 2/23/87 3/23/87 7.7 11.0 4.3 1.9 14.5 4.2 1.3 4/20/87 5/18/87 TO THE AVERAGE OF FOUR WEEKS ENDING-. 12/22/86 1/19/87 2/23/87 3/23/87 4/20/87 5/18/87 6/22/87 7/20/87 23.8 24.5 18.8 17.0 16.4 16.6 13.4 11.6 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 31.1 19.2 16.3 15.5 15.8 11.7 9.5 7.4 6.5 7.5 9.5 5.4 3.5 -2.1 1 .8 5.4 1.6 0.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT PERCENT 11.0 i— —I 11.0 B 20 4 18 JUN JUL I 19 20 12 28 10 24 7 21 5 19 NOV DEC 2 18 SO 19 27 FEB 19 27 10 24 MAR 8 22 9 10 9 17 91 14 28 APR LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JULY 31, 1987. 1987 JUNE 5 12 19 26 JULY 3 10 17 24 31 X AUG. 7 14 21 28 90 DAY CD'S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS' ACCEPTANCES CORPORATE AAA BONDS 6.99 6.98 6.88 6.91 6.88 6.73 6.64 6.65 6.72 6.87 6.86 6.85 6.87 6.82 6.65 6.52 6.49 6.55 6.90 6.83 6.79 6.81 6.75 6.63 6.52 6.53 6.62 9.38 9.36 9.30 9.25 9.33 9.31 9.36 9.46 9.54 CORPORATE Baa BONDS 10.61 10.58 10.48 10.43 10.52 10.52 10.57 10.62 10.72 MUNICIPAL BONDS xx 7.97 7.83 7.63 7.72 7.81 7.67 7.66 7.72 N.A. ITCMSW™ available THE board w governors- h',s release ** 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 PERCENT 11.0 11,0 r— — DISCOUNT RATE 1 JUN JUL 15 29 12 26 10 24 OCT 7 21 NOV 5 10 DEC 2 16 50 15 27 15 27 10 24 8- 22 JAN FEB MAR APR MAY 5 10 JUN 5 17 51 14 28 JUL AUG 1987 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt 1987 JUNE 5 12 19 26 JULY 3 10 17 24 31 X AUG. 7 14 21 28 JULY 31, 1987. FEDERAL FUNDS** 3-MONTH TREASURY BILL BILL*** 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 6.65 6.70 6.75 6.79 6.61 8.64 6.52 6.57 6.63 5.70 5.55 5.65 5.77 5.68 5.61 5.58 5.66 5.85 6. 10 5.99 5.95 5.93 6.00 5.68 5.54 N.A. N. A. 6.44 6.36 6.29 6.32 6.25 6.20 6. 1 1 6.26 6.40 8. 19 8. 10 7.87 7.91 7.96 7.91 7,93 8.05 8. 16 8.85 8.77 8.55 fiSSIt 8.66 8.6? 8.69 8.84 8.95 DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE EXCLUDING LONG-TERU TRFARllRY “UfflTlE^WHICHARE COMPUTED BY THIS BANK. TREASURY BILL YIELDS ARE ONA SCOUNT^BAsiS. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ENDING TWO DAYS EARLIER THAN DATE SHOWN PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 COMMERCIAL BANK SMALL TIME DEPOSITS^ LARGE TIME DEPOSITS*/ BILLIONS OF DOLLARS 410 -------------1---------- 1---------- 1------------1987 BILLIONS 15 359.8 = 29 6 13 20 381.1 362.1 363.C 363. - JUL. 1 1 JUN. BILLIONS OF DOLLARS 410 -L I - AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED 380 l = 390 l ►EPOSI TS 1 1 1111 SMALL TIME 370 1 1 1 1 = 360 1 IT T 1111 !llll LljJ 111. 111! 1 1 1 in 1111 mi jj_i 111 j 111 111 1 1 1 1 1 1 1 llll’ LATEST DATA PLOTTED WEEK ENDlNGt JULY 20, 1987 BILLIONS OF DOLLARS 1981 JUN. 15 29 8 BILLIONS OF DOLLARS BILLIONS 315.7 315.7 315.4 312.7 315.0 LARGE TIME DEPOSITS I I I I 2 16 30 14 28 11 25 9 22 6 20 3 17 OCT NOV I LATEST DATA PLOTTED WEEK ENDlNGt JULY 20, 12 28 15 JAN 9 23 9 23 FEB 6 20 4 APR MAY 19 1 15 29 13 27 10 24 1987 1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 6100,000 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 5tA5UNALLY ADJUSTED BILLIONS OF DOLLARS 865 ------------- 1---------- 1------ BILLIONS OF DOLLARS ------ ------------------------- 865 BILLIONS _ JUN. 15 850.5 2 16 30 14 M II 25 8 22 6 20 5 IT OCT NOV I LATEST DATA PLOTTED WEEK ENDINGt JULY 20. TOTAL TIME IS 20 12 26 0 23 JAN FEB 0 23 6 20 4 16 APR MAY 1 15 20 IS 27 10 24 1987 IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS. total time DEPOSI TS COMPOUNDED ANNUAL RATES OF CHANGE, 7/21/86 10/20/86 12/22/86 AVERAGE OF FOUR WEEKS ENDING. 1/19/87 2/23/87 3/23/87 5.4 7.2 8. 1 8.9 8.5 9.0 9.7 10.3 9.5 1 1.2 11.3 10.2 4/20/87 5/18/87 TO THE AVERAGE OF FOUR WEEKS ENDING: 12/22/86 1/19/87 2/23/87 3/23/87 4/20/87 5/18/87 6/22/87 7/20/87 1.5 3.8 3.9 4.2 4.9 5.5 6. 1 6. 1 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7.5 6.6 6.6 7.3 7.8 8.3 8.2 10.0 9.0 9.5 9.8 10.2 9.7 11.4 9.9 9.3 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS IT 9 10 BORROWINGS FROM FEDERAL RESERVE BANKS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS JUN. BILLIONS OF DOLLARS 24 TOTAL BORROWINGS LATEST DATA PLOTTED WEEK ENDlNGi JULY 29, 1987 BILLIONS OF DOLLARS 2.5 ---------- 1------------- ,------ 15 BILLIONS OF DOLLARS 411 ADJUSTMENT + SEASONAL BORROWINGS 90 19 27 10 24 AUG SEP 1986 0 22 OCT 9 10 NOV 9 17 91 DEC LATEST DATA PLOTTED WEEK ENDINQt JULY 29, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 14 20 11 JAN FEB 25 11 MAR 25 0 22 APR 5 20 9 17 I 15 20 12 26 MAY 1087 1087 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS COMMERCIAL PAPER OF NONFINANCIAL COMPANIES BILLIONS OF DOLLARS 95 ---------- ,------------- JUN JUL AUG NOT SEASONALLY ADJUSTED SEP 1986 OCT NOV DEC JAN FEB II MAR 25 BILLIONS OF DOLLARS ------------------- ----------- 95 5 22 APR , LATEST DATA PLOTTED WEEK ENDING: JULY 22, S 20 5 MAY JUN 17 I 15 20 12 25 1987 BUSINESS LOANS y (COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BILLIONS OF DOLLARS 290 • III _ COMPOUNDED ANNUAL RATES _ OF CHANGE. AVERAGE OF THE FOUR lUfEEKS ENDING I. JULY 15. 1987 FROM 285 V -5.3 -5.9 -6.6 -9.2 -6.8 6.3 5.2 \ II M M 987 987 987 987 987 986 986 1111 13, 15, 18, 18. 14, 15, 16, 1111 M il - MAY - APR. - MAR. - FEB. J. . . BILLIONS OF DOLLARS 290 1 275 1 _ -L I 1 1 - 1SSZ - JUN. 10 17 260 MILLIONS - 277,332 276,389 I _ / u JUL. 1 !l±l JUN LLLLL 111 111 -LI 1 1 1 1 1 1 1 1 1 111 111 111 1II1 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR 1986 275,586 8 272,818 15 272,841 » 11 1 1 1 1 1 M 1 1 1 n 15 29 MAY 1987 JUL 1 * 12 26 AUG LATEST DATA PLOTTED WEEK ENDING: JULY 15, 1987 1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COfciCRC I AL PAPER. 2/ BANKS WITH DOMESTIC ASSETS GREATER THAN tl.4 BILLION http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 265