Full text of U.S. Financial Data : July 8, 1983

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

U.S. Financial Data
July 8,1983

eserve Bank of St. Louis

L BRARY
•

1 2 1983
In recent weeks, a large rise in borrowings from Federal
Reserve Banks has occurred primarily because of increases in
extended credit borrowing (see table below). Extended credit is
made available to a depository institution when it experiences
sustained deposit drains, impaired access to money market funds
or a sudden deterioration in loan repayment performance. The
interest rate on extended credit is typically higher than the basic
discount rate.
Two sources of short-term credit for depository
institutions are the federal funds market and the discount window
of Federal Reserve Banks. As shown in the table below, the more
interest-sensitive adjustment and seasonal borrowings also have
shown some increase during the past few weeks as the federal
funds rate has risen relative to the discount rate. After remaining
near zero for much of 1983, the federal funds-discount rate spread
has increased about 70 basis points from the week ending May 25
to the week ending July 6. Even so, the increase of extended
credit borrowing alone accounts for about 45 percent of the
increase in total borrowings since the week ending May 25.
—Michael T. Belongia
Categories of Borrowings from Federal Reserve Banks
(millions of dollars)

Week ending
May 25
June 1
June 8
June 15
June 22
June 29
July 6


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

Adjustment
and seasonal
borrowings
$ 440
603
453
716
654
840
1,133

Extended
credit
$ 511
530
453
1,096
1,061
1,262
1,103

Total
borrowings
$ 951
1,133
906
1,812
1,715
2,102
2,236

2
ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
198
196

194.0
195.0
194.5
195.0
194.9

~ JUL

194
192
190
188

182
180
178
176
174

5

19

2

16 SO

14

JUL

28

25

S 22

0 20

9

OCT

11

AUG

NOV

17

1

13 29

12 26

JAN

9 29

9 29

FEB

6 20

APR
1983

1982

4

18

I

IS 29

19 27

MAY

LATEST DATA PLOTTED WEEK ENDING: JULY 6, 1983
THE ADJUSTED MONETARY BASE CONSISTS OF: ( 1 ) 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
7/7/82

10/6/82

6.4
7.2
8.0
9.4
9.6
9.3
9.8
9.5

8.7
9.6
1 1.6
1 1 .5
10.9
1 1.3
10.8

12/8/82

AVERAGE OF FOUR WEEKS ENDING:

1/5/83

2/9/83

3/9/83

4/6/83

5/4/83

16.0
14.4
12.6
12.9
1 1.8

16.0
12.9
13.2
11.8

8.9
10.8
9.7

10.8
9.3

10.4

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/
1/
2/
3/
4/
5/
8/
7/

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


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

1 1.9
14.8
13.8
12.5
12.8
11 .9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

1

JUL

OCT

AUG

IS 29

NOV

12 20

JAN

9 29

BILLIONS OF DOLLARS

9 23

0 20

4

18

I

15 29 13 27

FEB

1982

1983

LATEST DATA PLOTTED WEEK ENDING: JUNE 29, 1983
ADJUSTED MONETARY BASE (RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE
BANKS PLUS CURRENCY IN CIRCULATION) LESS CURRENCY HELD BY THE NONBANK PUBLIC.

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
6/30/82

9/29/82

4.8
6.2
5.3
9. 1
9.5
9.9
9.2
9.9

1 1 .8
8.9
14.4
14.2
14.0
12.5
13. 1

12/1/82 12/29/82

1/26/83

3/2/83

3/30/83

4/27/83

7.9
11.0

10. 1

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/ 1/82
12/29/82
1/2B/83
3/ 2/83
3/30/83
4/27/83
6/ 1/83
6/29/83


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

6.6
16.8
15.9
15.4
13. 1
13.8

18.2
16.6
15.8
13.0
13.8

24.9
21.1
16. 1
16.5

13.0
9.5
1 1.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

510
505
500
405
490
485
480
475
470
465
460
455
450
445
5 19

2

19 SO 14 29 II

29

9 22

9 20

3 17

OCT

NOV

I

19 29 12 29

JAN

9 23

9 23

9 20

4 19

APR

FEB

MAY

I

19 29 IS 27

1982
LATEST DATA PLOTTEO WEEK END I NOi JUNE 29.

1983

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

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING:
6/30/82

9/29/82

11.9
1 1.9
1 1.0
13.0
13.3
11.7
13.3
12.9

14.6
12.4
15.2
15.5
12.8
14.9
14.2

12/1/82 12/29/82

/Z6/83

3/2/83

21.4
13.3
17.2
15.5

6.5
14.3
12.8

3/30/83

4/27/63

13.2
11.7

18.8

OF FOUR^WEEKS*'
ENDINGt
12/ 1/82
12/29/82
1/26/83
3/ 2/83
3/30/83
4/27/83
6/ 1/83
6/29/83


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

10.4
15.9
16. 1
12.2
15. 1
14.2

16.2
16.4
1 1.5
15. 1
14.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0

MONEY MULTIPLIER^
CURRENCY COMPONENT OF MONEY STOCK*/
AVERAGES OF DAILY FIGURES
S»tA5UNALLY ADJUSTED

RATIO

RATIO

RATIO
MAY

2!

Ml MULTIPLIER

LATEST DATA PLOTTED WEEK ENDING: JUNE 29, 1983
IONS OF DOLLARS

BILLIONS OF DOLLARS
----- ------------ ---------- 142

COMPOUNDED ANNUAL RATES
---- OF CHANGE, AVERAGE OF
- THE FOUR WEEKS ENDING
JUNE 29, 1983 FROM
---- THE FOUft WEEKS ENDING*
~ APR. 27, 1983
— MAR. 30, 1983
- MAR.
2, 1983
JAN. 26, 1983
—
—
------— otr .
i yoc
_ JUN. 30, 1982
_

11.4
10.3
11.0
11.7
11.8
10. I
9.4

CURRENCY

1993

BILLIONS _

1111111111111111
9 23

JUL

AUG

OCT

NOV

JAN

FEB

6 20

4 18

APR

MAY

29

13 27

LATEST DATA PLOTTED WEEK ENDING* JUNE 29, 1983
1/ RATIO OF MONEY STOCK (Ml ) TO ADJUSTED MONETARY BASE
2/ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.B 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

PERCENT
—I 17.0

CJPAL

BONDS

I II I
7 21

4 IS

MAY

JUN

2 IS 30 13 27 10 24
AUG
SEP

8 22

3 19

3 17 31

14 28 11
JAN

FEB

25 11
MAR

25

6 22

6 20
MAY

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt JULY 8.

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

MAY

3 17
JUN

1

13 29

1983

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS XX

8.32
8.30
8.52
8.75
8.96
9. 19
9. 1 1
9.33
9.28
9.46

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

8.20
8.21
8.44
8.63
8.83
9. 14
8.99
9.23
9. 15
9.25

11.29
11.29
11.54
11.67
11.76
1 1.77
11.66
1 1 .71
11.85
1 1 .97

12.99
12.92
13.09
13.28
13.40
13.41
13.31
13.34
13.39
13.41

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

mtBOND°tuYER1S*AVERAGE'*1NDEX'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

5-Y
TREASURY S LCURITIES

3_Ui
TREASUI

7 21

4

MAY

JUN

18

2 16 SO IS 27 10 24
AUG
SEP
1982

8 22

5 IS

3 17 SI

14 28 11 25 II 25
JAN
FEB
MAR

8 22

6 20

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt JULY 8,

1983
MAY

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

3

17

1

IS 20

1983
1983

FEDERAL
FUNDS 88K

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL mm

1-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

8.03
8.03
8.14
8.48
8.57
8.76
8.70
8.97
8.88
9.02

8.05
8. 13
8.14
8.47
8.67
8.79
8.83
9.02
9. 14
9.20

8.00
8.04
8.24
8.51
8.68
8.85
8.77
9.02
8.98
9. 17

9.77
9.84
10. 10
10.32
10.51
10.61
10.49
10.71
10.80
1 1 .01

10.30
10.33
10.60
10.75
10.94
10.98
10.84
10.95
11.09
11.28

* AVERAGES OF RATES AVAILABLE.
m SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.IS 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
TOTAL CHECKABLE DEPOS I TS 1/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

1.983

BILLIONS OF DOLLARS
375

BJLLI0N5
364.2
364.0
369.7
366.3
366.2
362.9

370
365
360
355
350
345
340
335
330
325
320
315
I I I I

5 10

2 16 30 14 20 II 25
JUL
AUG

8 22

8 20

3 17

OCT

NOV

LATEST DATA PLOTTED WEEK ENDINGt JUNE 29,

I

13 20 12 28
JAN

0 23

0 23

6 20

4 18

I

15 29 13 27

FEB

1983

1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING:
6/30/82

9/29/82

13.3
14.2
12.7
15.0
15.2
12.9
15.0
14.4

18. 1
14.6
17.8
17.7
14. 1
16.8
15.8

12/1/82 12/29/82

Z26/83

3/2/83

24.0
13.5
19.0
16.8

4.3
15.1
13.2

3/30/83

4/27/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/ 1/82
12/29/82
1Z26/83
3/ 2/83
3/30/83
4/27/83
6/ 1/83
6/29/83


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

11.1
17.9
17.7
12.5
16.5
15.3

17.5
17.4
11.1
16. 1
14.7

14.2
12.1

21 .8

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

BILLIONS

29

9 19

2 19 90 14

JUL

II

AUG

29

9 22

9 20

9 IT

OCT

NOV

19 29 12 29

JAN

9 29

9 29

9 20

4 19

AFR

FEB

690

MAY

I

19 29 19 2T

LATEST DATA PLOTTED WEEK ENDING. JUNE 29, I9SS
1/ SAVINGS DEPOSITS PLUS SMALL TIIC DEPOSITS PLUS LARGE Tilt DEPOSITS

HMDAs, HMfFs and "SUPER NOWs"
(billions of dollars, not seasonally adjusted)
MMDAs 1/
25
1
8
15
22
29

MMMFs 2/

$360.7
363.7
366.9
367.9
367.5
366.8

$181.2
180.6
180.2
179.7
177.9
176.5

"SUPER NOWs" 3/
$30.3
30.9
31.9
32.0
31.7
31.3

1/ Money market deposit accounts at all depository institutions, effective 12/14/82.
?/ Total money market mutual fund balances.
3/ 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 i/
COMMERCIAL BANK SAVINGS DEPOSITS
BILLIONS OF DOLLARS
470
-------1-----------1
460
- 1983
ILLIONS
450
j
;
440

A

430
420
410

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
470
=
460
i
450
=
=

!?:

=
=

SMALL TIME DEPOS TS

=

400

=
=
1

390
380
370
360
350
340

V
V____

330
320
310
300
0

LLL .lUX XXL 111

1111

1 1 1

1 1 1

1111 XXL XXL XLLL XXL ILL 1 1 1 1

440
430
420
410
400
390
380

370
E
360
i
350
=
340
=
330
E
320
=
310
i
300
i i i
0

LATEST DATA PLOTTED WEEK ENDING: JUNE 29, 1983
BILLIONS OF DOLLARS
190

BILLIONS OF DOLLARS
im

BILLIONS

185
180
175

SAVINGS DEPOSITS

170
165
160
155
150
145
140
135
S IB

2

16 30 14 28 II 23

8 22

8 20

3 IT

OCT

NOV

I

IS 29 12 26

JAN

9 23

FEB

9 23

6 20

4

APR
1983

18

IS 29 13 27

MAY

LATEST DATA PLOTTED WEEK ENDING: JUNE 29, 1983
1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS of DOLLARS

billions of dollars

4.5
im

MILLIONS
4.0

=7 JUN.

3.5
3.0
2.5
2.0

1.5

5 10

2

16 30 14 20 II

JUL

25

8 22

8 20

S 17

OCT

AUG

NOV

1

IS 20

12 20

JAN

0 29

0 29

6 20

FEB

LATEST DATA PLOTTED WEEK ENDING. JULY 6, 1983

BUSINESS LOANS 17
( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS ^
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

232

228

224

220

232

- COMPOUNDED ANNUAL RA TES
- OF CHANGE. AVERAGE 0 F
— THE FOUR WEEKS END IN
- JUNE 29, 1983 FROM
- THE FOUft WEEKS END 1N St
- APR.
~ MAR.
“ MAR.
“ JAN.
~ DEC.
_ SEP.
_ JUN.

27, 1983
30, 1983
2, 1983
26, 1983
29, 1982
29, 1982
30, 1982

=

-2.8
-5.3
-3.5
-1.6
0.5
-1.4
1.3

224
220

2

216

■V

212

228

216

—
212

S *

E

208

208

204

198.
200
196

2
JUN.

2

111

1 1 1 1

MAY

JUN

1 1 1

18 30 14

JUL

-LLL J..I LL
11 25 8 22
AUG
SEP

1 1 1

1 1 1

8 20

3

OCT

NOV

17

III! -LLL. Ill
1

15 20 12 28

DEC

JAN

0 23

FEB

1 1 1 1
0 23

MAR

1982

.in

8 20

APR
1983

MILLIONS
25
213,901
1
215,503
8
214,850
15
215,504
22
215,707
29
213,543
i i i i i i i i i i i i
18

MAY

I

-

Z
200
“
“ 196
,
i;

15 20 13 27

JUN

JUL

LATEST DATA PLOTTED WEEK ENDING. JUNE 29, 1983
1/ BUSINESS LOANS INCLUDE BANKERS’ ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF 8750 MILLION OR MORE


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

204

12
LARGE TIME DEPOSITS

ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

229.2
228.0

8 1*

MAY

* 18 90 14 28 II

JUN

JUL

AUG

28

8 22

SEP
1082

• 20

S 17

OCT

NOV

I

18 20 12 20

DEC

JAN

• 29

FEB

8 29

6 20

4 18

APR

MAY

I

18 28 19 27

JUN

JUL

LATEST DATA PLOTTED WEEK END INO> JUNE 20, 1083
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' M.8 RELEASE.
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