Full text of U.S. Financial Data : June 13, 1985

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Federal Re

.of S

.QUIS

t±Srfinancial Data
JUN 1 9 iggg

June 13,1985

Interest rates have followed a downward trend since early
last summer, interrupted only by a brief increase in rates during
February and March of this year. The yield on three-month
Treasury bills, however, has declined less than the yields on
longer-term Treasury securities, and spreads between the
three-month rate and other Treasury rates have narrowed as a
result. As the table below indicates, the largest decline in yields
has been the 141 basis-point reduction in the five-year Treasury
securities rate relative to the three-month rate. It also is
interesting to note that, over the same period, the long-term
Treasury securities rate fell only 50 basis points relative to the
three-month rate.
Differences Between Interest Rates on Selected U.S.
Treasury Securities and the Three-Month Treasury Bill Rate
(basis points)

Week ending
6/29/84
1/18/85
3/8/85
6/14/85

6-month
Treasury
bills
68
32
29
19

1-year
Treasury
bills

5-year
Treasury
securities

Long-term
Treasury
securities

128
60
40
24

391
328
282
250

381
387
326
331

—Michael T. Belongia

TIIK
FEDERAL
J
RKSKRU:
>5IIANK
of
nr st.ixhts

Digitized views
for FRASER
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

_

1985

BILLIONS OF DOLLARS
----- ----------------------- 232

BILUQM&
225.3

222.8

224.8
225.0
227.9

4 18

2 1 0 30 19 27 II 25

JUN

8 22

5 19

3 17 31

14 28 12 26

NOV

JUL

0 23

6 20

FEB

DEC

MAR

APR

LATEST DATA PLOTTED WEEK ENDING: JUNE 12, 1985
tlx ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL
ReIeRVE BANKS^CURRENCYIN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND INTHEVAULTS OF ALL
ioURCETOFYTHESIojllsliDSUONE?ARY
BANK, fDETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE FROM THIS BAMC.
RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE
6/13/84

9/12/84 11/14/84 12/12/84

AVERAGE OF FOUR WEEKS ENDING:
1/9/85

2/13/85

3/13/85

4/10/85

11.2
7.1
11.8

2.1
9.5

12.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
11/14/84
12/12/84
1/ 9/85
2/13/85
3/13/85
4/10/85
6/12/85

5.2
6.0
6. 1
5.7
7.0
6.7
6. 1
7.6


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

5.3
5.7
5.2
7.2
6.7
5.9
8.0

8.4
6.5
9.4
8.2
6.8
9.4

4.9
9.2
7.8
6.2
9.3

10.2
8.1
6.1
9.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
595 r=----------1--------- 1-----

ILL IONS OF DOLLARS
----- ----------------- =3 595

BILLION?
=

APR

575.5
577.7
577.9
582.2
584.8
585.6

— JUN

2

Ifi 30 14 28 11 25

MAY

9 23

JUN

S 20

3 17

AUG

SEP

I

IS 29 12 26 10 24

7 21

4 18

4 18

JAN

FEB

MAR

I

IS 29 13 27 10 24

LATEST DATA PLOTTED WEEK ENDING: JUNE 3. 1985
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
DEPo1|TSEANDMTR*VELEr|NSeCKSD BY THE N0NBANK FUBUC- DEMAND DEP0SITS’ °™ER CHECKABLE

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
6/4/84
9/3/84 11/5/84 12/3/84 12/31/84
2/4/85
3/4/85
4/1/85
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
11/ 5/84
12/ 3/84
12/31/84
2/ 4/85
3/ 4/85
4/ 1/85
5/ 6/85
6/ 3/85

2.5
4.0
5. 1
5.4
6.8
6.5
6.5
7.2


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

3.7
5.6
6.1
8.0
7.5
7.3
8.2

12.4
10.6
12.5
10.9
10.0
10.8

9.6
12.5
10.4
9.5
10.6

12.6
9.9
8.9
10.3

1 1.4
9.4
11.0

5.4
8.7

10.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

2.9

------ 1-----r~—1-----1985 aAT 10
- ™ 1 \1

2.8

JUN. 3 2
Ml MULTIPLI
A

s* y s S'

7"

__^
2.5

*1

1 LL 1 1 1 XLL 1 1 11

1 LL ILL 1 1 1 1

i 11

11 11

111

ILL LLL

LATEST DATA PLOTTED WEEK ENDING: JUNE 3. 1985

INI

ILL xll:s

BILLIONS OF DOLLARS
166

BILLIONS OF DOLLARS
“ COMPOUNDED ANNUAL RATES
___OF CHANGE, AVERAGE OF
THE FOUR *EEKS ENDING
- JUNE 3. 1985 FROM
THE FOUR WEEKS ENDING:
APR. 1,
MAR. 4,
FEB. 4,
- DEC. 31,
-----3,
SEP.
3,
4,
JUN.
-

1985
1985
1985
1984
1984
1984
1984

164
162

7.0
6.1
7.3
6.7
6.7
6.1
6.7

160

CURRENCY

158

1985

BILLIONS
152

162.4
162.5
163.6
163.5
111111111111 i 111
14 28 II 25

MAY

0

9 23

JUN

8 20

3 17

AUG

SEP

IS 29 12 26 10 24

7 21

4 18

4 IS

JAN

FEB

MAR

I

IS

13 27 10 24

MAY

JUN

LATEST DATA PLOTTED WEEK END INGt JUNE 3, 1985
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

150

TOTAL CHECKABLE DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
425 ------------ 1--------- .-----

IONS OF DOLLARS
--------- ---------- 425

BILLIONS
— APR

407.8
409.8
413.5
415.7
416.6

2 16 SO 14 28 II 25

MAY

8 23

6 20

3 17

1

15 28 12 20 10 24

JUN

4

JAN

18

FEB

4

18

1

15 28 13 27

MAR

MAY

10 24

JUN

LATEST DATA PLOTTED WEEK ENDING*. JUNE 3, 1985
DEPOSITORYKt^TITUT?ONSS 'S ™E SUM ** DEMAND OEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
6/4/84
9/3/84 11/5/84 12/3/84 12/31/84
2/4/85
3/4/85
4/1/85
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
11/ 5/84
12/ 3/84
12/31/84
2/ 4/85
3/ 4/85
4/ 1/85
5/ 6/85
6/ 3/85

1 .0
3.0
4.5
5. 1
6.7
6.5
6.6
7.5


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

3.2
5.7
6.5
8.7
8. 1
8.0
9.0

14.6
12.4
14.7
12.5
11.5
12.5

1 1.3
14.5
12.0
10.9
12.1

14.7
1 1 .3
10.2
1 1 .7

12.7
10.6
12.5

5.9
9.6

12.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT
15.0

CORPORATE
Aaa BONDS

BANK
■PAN RATE

10.0

90 DAY
CD'S

6 20

4 18

APR

MAY

I

15 20 13 27 10 24

7 21

5 10

SEP

OCT

2

16 50 14 28 II 25

DEC

JAN

8 22

8 22

5

10

3 17 31

14 28

FEB

1984

1985

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. JUNE 14. 1985.

1985
APR.

5
12
19
26
MAY
3
10
17
24
31
JUNE 7
14 X
21
28

90 DAY
CD *S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS XX

8.80
8.6'J
8.39
8.20
8.29
8.14
8.04
7.64
7.56
7.39
7.50

8.64
8.53
8.23
7.99
8. 15
8.00
7.93
7.52
7.46
7.37
7.43

8.66
8.52
8.23
8.09
8. 15
8.05
7.86
7.53
7.45
7.32
7.41

12.44
12.34
12.09
12.09
12.15
12.03
11.77
11.50
1 1.27
10.93
10.92

13.61
13.61
13.44
13.41
13.44
13.39
13.24
13.02
12.69
12.36
12.31

9.63
9.39
9.25
9.39
9.37
9. 1 1
8.86
8.91
8.81
8.60
N. A.

NOTE. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE.
X AVERAGES OF RATES AVAILABLE
KX BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS. THURSDAY DATA
N.A. - NOT AVAILABLE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

SELECTED INTEREST RATES
AVERAGES OF DAILY RATES

percent

TREASURY

RITIES

FEDERAL
FUNDS RATE

DISCOUNT
RATE

TREASl

IS 27

APR

MAY

10 24

7 21

5 IB

SEP

OCT

2 10 SO 14 28 11

DEC

JAN

25

8 22

8 22

5 IB

S

17 SI

14 28

FEB

1984
1985
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JUNE 14. 1985.

1985
APR.

5
12
19
26
MAY
3
10
17
24
31
JUNE 7
14 ft
21
28

FEDERAL
FUNDS**

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL Ban

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

8.68
8.45
8.46
7.69
8.35
8. 19
8. 14
7.91
7.60
7.75
7.62

8. 17
8.08
7.86
7.77
7.78
7.76
7.50
7.25
7. 19
7.01
7.16

8.55
8.56
8.27
7.87
8. 1 1
7.93
7.90
7.43
7.39
7.16
7.35

8.79
8.60
8.27
8.22
8.25
8.09
7.90
7.63
7.53
7.25
7.40

11.33
11.19
10.81
10.79
10.85
10.68
10.39
10.06
9.84
9.45
9.66

11.79
11.65
11.38
11.45
11.49
11.36
11.13
10.89
10.70
10.38
10.47

NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE EXCLUDING LONG-TERM TREASURY
*
COMPUTED BY THIS BANK. TREASURY BILL YIELDS ARE ON A DISCOUNTBASIS.
IK AVERAGES OF RATES AVAILABLE
» SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN
WBK AUCTION AVERAGE (DISCOUNT )


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
COMMERCIAL BANK
SMALL TIME DEPOSITS^
LARGE TIME DEPOSITS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

1985

BILLIONS OF DOLLARS

BILLIONS
388.0
SMALL TIME DEPOSITS

390.7
390.4

LATEST DATA PLOTTED WEEK ENDING. JUNE 3, 1985
BILLIONS OF DOLLARS
285

BILLIONS OF DOLLARS

1285. BILLIONS.
APR- 2? 274.9

280

273.3

275

LARGE TIME DEPOSITS

271.6
270.4

270
265
260
255
250
245
240
235
230

2 16 SO 14 28 II 25

MAY

0 23

6 20

3 17

1

IS 20

12 26 10 24

0

7 21

JUN

FEB

MAY

MAR

JUN

1985

1984
LATEST DATA PLOTTED WEEK ENDING. JUNE 3, 1985
1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN *100,000
2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF *100,000 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

SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
800 ------------ 1--------- 1-----

BILLIONS OF DOLLARS
---------------------------- 800

782. 1
781 .6
780.5

— JUN.

I I I I
2

10 30

14 28

11

25

0 23

S 20

3 17

AUG
1984

SEP

10 24

7 21

4

JAN

FEB

16

4 18

I

15

13 27

10 24

MAR

LATEST DATA PLOTTED WEEK ENDING-. JUNE 3, 1985
TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
6/4/84

9/3/84

9.7
8. 1
7.6
5. 1
4.8
5. 1
5.7
5.3

5.5
5.2
1.8
1 .9
2.7
3.9
3.6

11/5/84

12/3/84 12/31/84

2/4/85

3/4/85

4/1/85

5.2
7.6
5.9

9.9
7.0

6.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
11/ 5/84
12/ 3/84
12/31/84
2/ 4/85
3/ 4/85
4/ 1/85
5/ 6/85
6/ 3/85


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

2. 1
-2.3
-1.2
0.5
2.5
2.3

-3.3
-1.5
0.6
3.0
2.6

-4. 1
-0.5
2.7
2.3

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

1SS&

MILLIONS

22
29

1474
1174

5

1861

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDING* JUNE 12, 1985
BILLIONS OF DOLLARS
2.0 --------- ------ ------ n—

LLIONS OF DOLLARS
-i------------1--------- 2.0
mill i ora

ADJUSTMENT + SEASONAL BORROWINGS

4 18

APR

2 16 SO 19 27 11

MAY

JUN

JUL

25

8 22

AUG
1984

LATEST DATA PLOTTED WEEK ENDING*

5 18

SEP

3 17 SI

OCT

JUNE 12,

14 28 12 28

NOV

DEC

9 29

JAN

8 20

8 20

FEB

MAR APR
1985

9 17

I

15 20 12 28

MAY

JUN

1985

1/ 84.562 FOR 5/16/84* 83.730 FOR 5/23/84* 82.989 FOR 5/30/84, 83.120 FOR 6/6/84


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MMDAS, MMMFS AND SUPER NOWS
(BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED)

April

May

June

*55.7
56.2
56.1
53.9
54.7
54.6
54.6
54.3
55.7

*235.9
235.4
235.4
236.1
232.8
234.8
234.8
238.2
238.3

*297.2
297.4
295.2
293.9
294.6
296.7
298.6
300.2
302.9

8
15
22
29
6
13
20
27
3

Super NOWs 3/

MMMFs 2/

MMDAs 1/

1/ Money market deposit accounts at commercial banks, effective 12/14/82
2/ Total money market mutual fund balances
3/ NOW accounts at all depository institutions, requiring a $1,000 minimum balance
and eligible to earn more than 5.25 percent, effective 1/5/85

BUSINESS LOANS u

(COMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
BILLIONS OF DOLLARS

SEASONALLY ADJUSTED BY THIS BANK

_
_
___
_
I

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING .
MAY 29. 1985 FROM
THE FOUR WEEKS ENDING;

~
—
“
“
—
—
~

MAR.
FEB.
JAN.
DEC.
NOV.
AUG.
MAY

27,
27,
30,
26,
28,
29,
30,

1985
1985
1985
1984
1984
1984
1984

B1LL10NS 0F DOLLARS

-2.2
5.5
8.3
4.7
3.7
5.4
5.6

MILLIONS
APR. 24
254.205
256,129
254,582
4

18

2 16 90 13 27

JUN

II 25

6 22

5 IB

3 17 31

JUL

14 26 12 26

NOV

DEC

S 23

6 20

FEB

1984

j6 11
ii m
20 3 17

111111

MAR
APR
1985

LATEST DATA PLOTTED WEEK ENDING; MAY 29, 1985
1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 61.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11