Full text of U.S. Financial Data : June 14, 1984

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Federal

i ;.

cj

ve

ot St. Louis

JUN 2 o

U.S. Financial Data
June 14,1984

When the demand for business loans increases, as it has
recently, banks generally raise additional loanable funds by issuing
large time deposits. If the volume of business loans is unchanged
or declining, on the other hand, banks have less incentive to issue
these deposits. Consequently, large time deposits and business
loans tend to have similar patterns over time.
The table below illustrates the closeness of the relationship
between these series. Between April and September of 1983, both
business loans and large time deposits exhibited slight downward
trends. Each series grew slightly in the next five months". In
contrast to these earlier periods, both business loans and large
time deposits have risen rapidly since February of this year.
Growth Rates of Business Loans and Large Time Deposits
(seasonally adjusted annual rates)
1/
2/
.
. 3/
Period ~
Business loansLarge time deposits4/27/83 - 9/28/83
9/28/83 - 2/22/84
2/22/84 - 5/30/84

-2.2%

7.9
34.3

-5.1%
3.8
28.6

1/ Four-week averages ending on dates shown; weeks for large
time deposits end two days earlier
2/ Large weekly reporting commercial banks
3/ All commercial banks
—Michael T. Belongia

KKSKKVK
HANK of

Digitized forViews
FRASER
expressed do not necessarily reflect official positions of the Federal Reserve System.
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Federal Reserve Bank of St. Louis

2

ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
216 ---------- ,---------- 1--------ISfii
MAY

BILLIONS OF DOLLARS
------------------- ----------- 216

B.1LLIQNS
-------

21 1.5

fii-Z
206.6
210.8
212.0
213.3

I 1 I I I I II
6 20

4

APR

MAY

IB

15

JUN

29 13 27 10 24

JUL

AUG

7 21

SEP

5 IB

2 16 30 14 28 11

OCT

NOV

DEC

25 8 22

JAN

FEB

7 21

MAR

1983
LATEST DATA PLOTTED WEEK ENDING. JUNE 13,

FEDERALUReIeRVEBAk£s
VAULTS OF
------------- 1
CHANGES.
__________________
ARE COMPUTED BY THIS BAM(,
ABLE FROM THIS BANK.

4 II

APR

1984
1984

SSSiSS

ACCOUNTS OF FINANCIAL1NSTITUTJONS AT

A DETAILED DESCRIPTION OF THE ADJUSTED UOtCTARY 0ASE IS AVAIL-

RECENT DATA ARE PRELIMINARY

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDINGt
6/15/83

0/14/63 ll/IB/83 12/14/83

1/11/84

2/1 S/84

3/14/84

4/11/84

9.2
9.7
8.3

8.1
6.7

7.4

TO THE AVERAGE
OF FOUR WEEKS
ENDING.
11/16/83
12/14/83
1/11/84
2/15/84
3/14/84
4/11/84
5/16/84
6/13/84

7.0
6.8
6.7
7.6
8.2
7.9
8.2
7.8


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Federal Reserve Bank of St. Louis

8.3
7.9
9. 1
9.7
9. 1
9.3
8.7

6.0
8.6
9.7
8.8
9.2
8.4

10.1
1 1.1
9.7
9.9
8.9

13.2
10.7
10.6
9.3

PREPARED BY FEDERAL RESERVE BANK Of ST. LOUIS

214

MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

ISM
APR.
MAY

BILLIONS OF DOLLARS

BJLLLQMS

SO
541.1

I I I I I I I
2 16 90 13 27 II 25

8 22

3 10

3 17 31

14 28 12 26

NOV

8 23

DEC

6 20

S 10

FEB

MAR

2 18 30 14 28 II

MAY

JUN

LATEST DATA PLOTTED WEEK ENDINGt JUNE 4, 1984
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.B RELEASE.
Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COMMERCIAL BANK DEMAND DEPOSITS
HELD BY THE NONBANK PUBLIC CEXCLUDING THOSE 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 ENDINGt

6/6/83

9/5/83

11/7/83

12/5/83

1/2/84

2/6/84

3/5/84

4/2/84

6.3
6.5
5.9
6.7
6.7
6.7
5.9
6.9

5.0
4.3
5.9
6.0
6.1
5.1
6.5

4.8
7.3
7.1
7.0
5.6
7.4

7.3
7.0
6.9
5.3
7.3

9.2
8.4
5.9
8.3

6.5
3.9
7.4

2.7
7.6

8.1

TO THE AVERAGE
OF FOUR WEEKS
ENDINGt
11/
12/
1/
2/
3/
4/
5/
6/

7/83
5/83
2/84
6/84
5/84
2/84
7/84
4/84


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PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK 2/
RATIO
2.9

2.8

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
2.9

------- 1--------1— 1
1934
RAT IQ.
- flw- 3? 1:8
JU

JJ 1

2.8

Ml MUL TIPL1 IR

A

CT J'
lu_ 1 1 u. _LU -LLL II 1 1 _LLL 1111
-i 11

111

1111

hi

111

INI -LLL -LLL

LATEST DATA PLOTTED WEEK ENDING, JUNE 4. 1984
BILLIONS OF DOLLARS
156 ---------- 1------------- ,------

BILLIONS OF DOLLARS
------------------------------- 156

COMPOUNDED ANNUAL RATES
-----OF CHANGE, AVERAGE OF
THE FOUR ifeEEKS ENDING
“ JUNE 4. 1984 FROM
-----THE FOUR WEEKS ENDING: .
—

APR.
MAR.
— FEB.
_ JAN.
DEC.
— SEP.
_ JUN.

2,
5,
6,
2,
5,
5,
6,

1984
984
984
984
983
983
983

10.0
8.5
5.9
8.8
8.2
8.8
8.9

'
CURRENCY

18S1

BILLIONS
152.8
152.9
153.2
153.9
153.5

11-1 -I I I I I 1 II I I I II
4 18

2 18 90 19 27 II 25

JUN

8 22

19

9 17 91

JUL

14 28 12 28

NOV

9 29

DEC

8 20

9 19

FEB

MAR

2

18 90 14 28 II 25

MAY

JUN

1983
LATEST DATA PLOTTED WEEK ENDING, JUNE 4. 1984
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

TOTAL CHECKABLE DEPOSITS!/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUS ItD

BILLIONS OF DOLLARS
390 ---------- 1------------- 1------

1984
APR.
MAY

BILLIONS OF DOLLARS
------------------------------- 390

BILLIONS

30
“
383.1
386. I
383. 1
386.5

4 18

2 16 30 13 27 11 25

JUN

8 22

5 10

3 17 31

M 28 12 28

NOV

JUL

fi 23

DEC

6 20

5 10

FEB

MAR

2 IS 30 14 23 11 25

MAY

JUN

LATEST DATA PLOTTED WEEK ENDING: JUNE 4. 1084
1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
6/6/83

0/5/83

1/7/83

12/5/83

5. 1
5.3
4.8
5.4
5.7
5,9
4.7
6.1

2.8
2.5
4.0
4.7
5.0
3.6
5.6

3.9
6.0
6.6
6.7
4.4
6.9

5.7
6.6
6.7
4.0
6.9

AVERAGE OF FOUR WEEKS ENDING-.
1/2/84

2/6/84

3/5/84

4/2/84

7.9
2.9
7.6

0.5
7.3

7.4

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

7/83
5/83
2/84
6/84
5/84
2/84
7/84
4/84


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Federal Reserve Bank of St. Louis

9.0
8.4

4.6
8.0

PREPARED BY FEDERAL RESERVE BAM< OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PERCENT
—i 15.0

: BANK
RATE

MUNICIPAL

I

15 20 15 27

MAY

10 24

8 22

5 10

2 16 50 14 28 II 25

JUN

OCT

NOV

0 25

8 20

3 17

JAN

FEB

2

16 30 13 27

APR

|l 25

8 22

MAY

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* JUNE 15, 1984

1984
APR.

6
13
20
27
MAY
4
11
18
25
JUNE
1
8
15 X

90 DAY
CD'S
10.40
10.33
10.42
10.46
10.60
11.17
11.32
11.14
1 1.31
11.09
11.18

30-DAY
COMMERCIAL
PAPER
10. 16
10. 1 1
10.23
10. 16
10.28
10.52
10.54
10. 19
10.32
10.56
10.74

90-DAY
BANKERS'
ACCEPTANCES
10.23
10.21
10.31
10.29
10.42
10.98
11.07
10,93
10.92
10.81
10.88

CORPORATE
Aaa BONDS
12.74
12.71
12.79
12.95
13.00
13. 15
13.33
13.42
13.56
13.46
13.50

CORPORATE
Baa BONDS
14.21
14.22
14.37
14.41
14.46
14.61
14.75
14.91
15.04
14.95
15.03

MUNICIPAL
BONDS aw
10.04
9.97
9.89
9.94
9.99
10. 19
10.36
10.83
11.07
10.78
N.A.

29

* AVERAGES OF RATES AVAILABLE.
** 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 ENDED FRIDAY

PERCENT
14.0 i—

TREASURY

PERCENT
— 14.0

ITIES

RATE

treasury™ ill

I I I I 1 1 I ill I I 1 I I 1 I 1 I 1 I I I 1 I
1J

IS
j j 29
cm 13
l Sj 77
Cl 10
IV 24
c.

APR

MAY

JUN

8
v 22
cc

JUL

5
<1 IB
I.

AUG
1983

I I I 1 I 1 I 1 1 1 I I 1 I I I I 1 I 1 11.1.1.1. l.Ull 1.1 ■LLi-U-L

2
» 16
IW SO 14 26 11
■ I 25

SEP

OCT

NOV

8
» 23
.x

DEC

6 20
"
»»

9
“ 17

JAN

FEB

2
>• 16 30 IS 27

MAR

APR
1984

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt JUNE 15,

1984
APR.

6
13
20
27
MAY
4
1 1
18
25
JUNE
1
8
15 X
22
29

I

*•*»

MAY

x

*-

JUN

1984

FEDERAL
FUNDS lot

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BiLLamx

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

10.41
10. 13
10.37
9.98
10.70
10.46
10.52
9.75
10.30
10.72
10.85

9.74
9.65
9.76
9.64
9.73
9.97
9.88
9.79
9.76
9.81
10.00

9.83
9.82
9.92
9.74
9.88
10.27
10.40
10.38
10.62
10.57
10.66

9.96
9.82
9.98
10.00
10. 18
10.46
10.59
10.73
10.94
10.80
10.94

12.36
12.24
12.38
12.47
12.65
12.99
13.24
13.35
13.69
13.34
13.51

12.53
12.45
12.62
12.69
12.8S
13. 16
13.42
13.49
13.71
13.38
13.43

« AVERAGES OF RATES AVAILABLE.
XX SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.15 RELEASE.
nxfM new | SSUE RATE
RATES ON LONG-TERM TREASURY SECURITIES ARE COMPUTED BY THE FEDERAL RESERVE BANK OF ST. LOUIS.
TREASURY BILL YIELDS ON DISCOUNT BASIS.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8

SMALL TIME DEPOSITS a/
COMMERCIAL BANK SAVINGS DEPOSITS
BILLIONS OF DOLLARS
390
Z----- 1--------- 1------- 1------=
128.4 BILL 1QNS
380

E flW-

370

Z

M N.

14
28
4

359.'
38112
361.

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
390

z
380

z

’

370
SMALL TIME )EPOS TS

z

360
350
340
330

360

z

z
z

z
E

340

E
330

^___

z

E

s

320

320
310

xm l

310

350

300

E
300

;1ll ID 1
XU XXL XLLL XXL 1111 XXL XXL XLLL XXL ILL 1 1 1 1 XXL xui
LATEST DATA PLOTTED WEEK ENDINGt JUNE 4, 1984
BILLIONS OF DOLLARS

-

APR.
MAY

~

......

30
7
14
21
28

BILLIONS

-

128.2
128.,
126.'
128.3
128.

M ill

1284

"

155

BILLIONS OF DOLLARS
160

z
SAVIN GS DEP )SITS

-

Z

140

u n i m il

135

z

Z
130

_

si 11
APR

1111

111

1 1 1

MAY

JUN

JUL

1 1 1 1
8 22
AUG
1983

XXL 1111 XXL XXX 1 1 1 1
SEP

OCT

NOV

12 26
DEC
JAN

1 1 1
6 20

1 1 1

FEB

MAR
APR
1984

S 10

llll XIX

xjjJ

2 16 30 14 28 II 25

MAY

JUN

LATEST DATA PLOTTED WEEK ENDINGt JUNE 4, 1984
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

TOTAL TIME DEPOSITS!/
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BLLLiQba
— APR.

30

723.9
728.9
732.4
737.2
738.1

2 16 30 13 27 11 25

JUN

6 22

3 10

3 17 31

14 28 12 26

NOV

JUL

6 23

DEC

6 20

5 10

FEB

MAR

2 16 30 14 26 11 23

MAY

JUN

LATEST DATA PLOTTED WEEK ENDING. JUNE 4. 1084
1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING:
6/6/83

9/5/83

11/7/83

12/5/83

7.9
8.3
7.9
5.9
5.4
5.7
6.2
7.4

8.5
7.7
4.7
4.1
4.6
5.5
7.1

7.7
2.6
2.2
3.4
4.7
6.9

-0.6
-0.2
1 .8
3.7
6.5

1/2/84

2/6/84

3/5/84

4/2/84

-2.5
0.8
3.4
6.7

4.6
6.8
10.4

9.6
13.5

15.8

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

7/83
5/83
2/84
6/84
3/84
2/84
7/84
4/84


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

PREPARED BY FEDERAL RESERVE BAM( OF ST. LOUIS

9

10

LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

APR.

4 18

30

BILLIONS OF DOLLARS

238.8
239.5
241.1
244.0
247.9

2 IS 90 13 27 II 23
JUN
JUL

I 22

3 19

3 17 31 M 21 12 23
NOV
DEC

9 23

9 20

3 19

2 IS 30 14 29 II
MAY

JUN

LATEST DATA PLOTTED WEEK ENDING, JUNE 4, 1984
TIME DEPOSITS ISSUED IN DENOMINATIONS OF 9100,000 OR MORE.

MMDAs, MMMFs and SUPER NOWs
(billions of dollars, not seasonally adjusted)
MMDAs 1/
Apri 1
May

June

23
30
7
14
21
28
4

$395.4
392.8
393.7
395.1
395.1
394.6
395.5

MMMFs 2/
$187.7
186.7
185.3
187.7
189.6
191.4
191.6

SUPER NOWs 3/
$43.4
42.0
42.7
42.5
42.4
42.1
43.4

1/ Money market deposit accounts at all depository institutions, effective 12/14/82.
27 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.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
5.0 r:--------i---------- i-------=
1984 MILLIONS
IT MAY

9
16
—
23
Z
30
Z_ JUN. 6
Z
13

6 20

4 16

APR

MAY

BILLIONS OF DOLLARS

1098
4613
3746
3008
3131
2508

I

IS 29 13 27 10 24

JUN

JUL

AUG
1983

7 21

5 19

SEP

OCT

LATEST DATA PLOTTED WEEK ENDINGi JUNE 13,

2

16 30 14 29 II 23

NOV

DEC

JAN

9 22

FEB

7 21

4 19

MAR
APR
1984

2

16 30 13 27

MAY

JUN

1984

BUSINESS LOANS u
( COMMERCIAL

AND

INDUSTRIAL )

WEEKLY REPORT ING 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 WEEKS ENDING - MAY 30. 1984 FROM
- THE FOUR WEEKS ENDINGi
- MAR.
- FEB.
- FEB.
“ DEC.
“NOV.
I AUG.
_ JUN.

28, 1984
29, 1984
I, 1984
28, 1983
30, 1983
31, 1983
|, 1983

244

240
24.9

236

232

228

224

220
APR. 25

235,650

216

212
6 20

4 19

APR

MAY

I

IS 29 13 27 10 24

7 21

S 19

2

16 SO 14 26 11 28

DEC

8 22

JAN

1.J J.Ll.Ll-l-LL-lJ.il
7 21

4 19

MAR

APR

2 16 30 IS 27

LATEST DATA PLOTTED WEEK EMJINGt MAY 30. 1984
1/ BUSINESS LOANS INCLUDE BANKERS* ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF 6750 MILLION OR MORE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11