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Federal Reserve Bank
of St. Louis

U.S. Financial Data
JUN1 8 1330

June 14, 1990

THE WEEK'S HIGHLIGHTS:
Producer prices for finished goods rose at a seasonally adjusted annual
rate of 3.1 percent in May and were up at a 4 percent rate since
December. In 1989, such prices rose 5 percent.
Producer prices for finished goods, excluding food and energy, have
risen at a 2.9 percent annual rate since December, down from 4.3
percent in 1989.
^

Retail sales declined at an 8.5 percent annual rate in May, after
falling at rates of 10.5 percent in April and 4.7 percent in March.
This is the first time retail sales have declined for three months in
a row since September-December 1981.

is

Consumer credit rose at a 1 percent annual rate in April. For the
first four months of the year, consumer credit increased at a 1.8
percent rate, compared with 12.6 percent expansion in the previous
year.


Views 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

1990

ILL IONS OF DOLLARS
310

BILLIONS

APR.

4

JUN.

13

302.1
305.1
306

30?

298

294

290

5 IB

3

17 31

14 20 12 26

JUN

fi 23

JUL

6 20

4 10

SEP

OCT

1

13 20 13 27

10 24

21

FEB

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDINGi JUNE 13,

7 21

4

MAR

APR

10

2

16 30 13 27

1990

Tl
iJUSTED MONETARY BASE IS THE
RLtfbn *------i. uniwvj.
8, CURRENCY
Mvnntnwi -------------DEPOSITORY INSTITUTIONS
SOURCE OF THE ADJUST!-BANK.
A DETAILED DESCR

IONS AT FEDERAL
VAULTS OF ALL
THE MAJOR

whis

RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDING.
6/14/89

9/6/89 11/15/89 12/13/89

1/10/90

2/7/90

3/7/90

4/10/90

8.9
5.9

4.6

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDINGt
11/15/89
12/13/89
1/10/90
2/ 7/90
3/ 7/90
4/18/90
5/16/90
8/13/90

3.7
3.6
5.0
5.9
5.6
5.9
6.3
5.7


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Federal Reserve Bank of St. Louis

4.4
6.5
7.6
6.9
7. 1
7.5
6.6

0.5
9.9
0.2
8.1
8.5
7.1

13.5
9.9
9.2
9.5
7.8

7.9
7.8
8,5
6.6

5.8
7.2
5.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILLIONS
APR.
805.8
803.2
807. I
803.9
808.2

3 17

1

IS 20 12 26 10 24

7 21

4 18

AUG

SEP

2 16 30 IS 27

NOV

11

2S

8 22

DEC

S 10

S 10

FEB

MAR

2 16 30 14 28 II

MAY

25

JUN

LATEST DATA PLOTTED WEEK ENDINOt JUNE 4, 1990
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
DEPOSITS AND TRAVELERS CHECKS.

BY THE

nonbank public,

demand deposits,

other checkable

MONEY STOCK ( Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

6/5/89

9/4/89

11/6/89

12/4/89

1/1/90

2/5/90

3/5/90

4/2/90

4. 1
3.8
4.5
3.9
4.8
4.6
4.5
3.9

5. 1
6.0
4.7
6.0
5.5
5.2
4.4

5.6
3.4
5.7
5. 1
4.7
3.8

4. 1
6.9
5.9
5.2
4.0

5.8
4.9
4.3
3.1

7.9
6.0
4.0

2.9
1.3

0.6

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

6/89
4/89
1/90
5/90
5/90
2/90
7/90
4/90


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

4

MONEY MULTIPLIERS
CURRENCY COMPONENT OF MONEY STOCK s
RATIO
3.0

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
3.0

---------- 1--------- 1------- 1--------1990
MAR.
APR.

RATIO

19
2
16
30
14
28

2.9
MA Y

2.639
2.671
2.651
2.63
2.63 D
2.64

2.8
Ml MUL T1 PL 11 :r
•v----.

1

111

mi.

APR

MAY

-LLL ±i 11 _LLL .LLL 1 1J 1

IB 20 12 26 10 24

JUN

JUL

7 21

AUG
1989

4 IB

SEP

111 -LLL 1 1 1 1 -LLL -LLL 1 1 1 1 -LLL ILL*

2 16 SO 19 27 II 29

OCT

LATEST DATA PLOTTED TWO WEEKS ENDING: MAY 28,

NOV

DEC

8 22

JAN

8 19

5 10

FEB

MAR
APR
1990

2 16 SO 14 28 II 25

MAY

JUN

1990

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
236

_

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
- THE FOUR ifcEEKS ENDING
—JUNE 4, 1990 FROM
_ THE FO0r WEEKS ENDING:
_

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

2,
5
5,
I,
4,
4,
5

1990
1990
1990
1990
1989
1989
1989

232

8.4
9.1
9.4
10.7
10.6
8.1
7.0

228

CURRENCY

1.99Q

BILLIONS
231.2
230.6
230.7
231 .8
232.4
1.1-1.1.1111

3

17

1

15

MAY .

12 26 10 24

JUN

7 21

AUG
1989

4 18

2 16 SO IS 27 II

SEP

NOV

25

8 22

DEC

5 10

5 10

FEB

MAR

2

16 SO 14 28 II

LATEST DATA PLOTTED WEEK ENDING: JUNE 4, 1990
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 ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

566.9
567.4
564.7
567.5
563.5
568.1

1

15 M 12 » 10 24

7 21

4 18

2 16 30 13 27

NOV
LATEST DATA PLOTTED WEEK ENDING*. JUNE 4,

11

25

8 22

DEC

5 10

5

FEB

MAR

10

2 18 SO 14 28

MAY

11

25

JUN

1990

TOTAL CHECKABLE DEPOSITS IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL
DEPOSITORY INSTITUTIONS.

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES DF CHANGE

AVERAGE OF FOUR WEEKS ENDING:

6/5/89

9/4/89

11/6/89

12/4/89

1/1/90

2/5/90

4.3
3.9
4.6
3.0
4.2
3.8
3.4
2.7

5.6
6.5
3.5
5.2
4.5
3.9
2.8

5.3
0.9
4.0
3.3
2.7
1.5

0.6
4.9
3.7
2.9
1.5

2.9
2.0
1.5
0. 1

7.3
4.6
2.0

3/5/90

4/2/90

0.2
-1.7

-2.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING*.
11/ 6/89
12/ 4/89
1/1/90
2/ 5/90
3/ 5/90
4/ 2/90
5/ 7/90
6/ 4/90


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT
12.0 r—

PERCENT
—

LRCIAL
CORPORATE
Aaa BONDS

IN ICI PAL

7 21
APR

3 IB
MAY

2 10 30 14 28 II 25 8 22
JUN
JUL
AUG
SEP
1989

6 20
OCT

3 17
NOV

I 15 20 12 26 S 23 0 23 6 20
DEC
JAN
FEB
MAR
APR
1990

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

1990
APR.

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

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

8.37
8.35
8.38
8.53
8.56
8.37
8.29
8.29
8.25
8.22
8.22

8.34
8.30
8.30
8.35
8.36
8.26
8.21
8. 19
8. 18
8. 17
8. 19

8. 17
8. 14
8. 18
8.30
8.29
8. 13
8.09
8.06
8.01
7.96
7.99

9.38
9.38
9.45
9.59
9.62
9.54
9.39
9.39
9.38
9.27
9.25

CORPORATE
Baa BONDS
10.22
10. 18
10.29
10.45
10.54
10.49
10.36
10.34
10.29
10.21
10.21

4 18
MAY

I

15 29

1990.

MUNICIPAL
BONDS K*
7.33
7.31
7.39
7.51
7.54
7.39
7.29
7.26
7.26
7.21
N. A.

NOTE, ^CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.15 RELEASE.
W AVERAGES OF RATES AVAILABLE
m 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

12.0

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES

PERCENT

1 1 .0

5-YEAR
TREASURY SECURITIES

DISCOUNT RATE

I

OCT

13 29 12 20

9 23

NOV

9 23

6 20

APR
1990

4

18

1

15 29

MAY

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt JUNE 15, 1990.

1990
APR.

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

FEDERAL
FUNDS XX

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL MKX

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

8.33
8.25
8.27
8.24
8. 12
8.20
8. 16
8.22
8. 19
8.26
8.30

7.77
7.78
7.76
7.78
7.85
7.74
7.67
7.71
7.74
7.70
7.71

7.81
7.80
7.75
7.91
8.03
7.84
7.68
7.79
7.74
7.62
7.64

7.71
7.70
7.81
7.94
7.94
7.75
7.66
7.64
7.61
7.51
7.51

8.59
8.60
8.79
9.01
9.01
8.79
8.67
8.64
8.52
8.41
8.41

8.72
8.72
8.94
9. 13
9. 1 1
8.93
8.78
8.78
8.71
8.58
8.57

NOTE* CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE EXCLUDING LONG-TERM TREASURY
« AVERAGES^OF^RATES^AVAILABL^0MPUTED BY THIS BANKTREASURY BILL YIELDS ARE ON A DISCOUNT BASIS.
** SEVEN-DAY AVERAGES,FOR.WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN
MOBK AUCTI ON AVERAGE ( DISCOUNT )


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8

MONEY STOCK ( M2 )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

30
7
14
21
28

aiu,■ IONS
326€
3271
3267
3267
325S

.9
.5
.1
.0
.4

_J
y—x

3275

'—
MU

laaa

_APR.
-MAY
-

!-----

_

BILLIONS OF DOLLARS
3300

llll

BILLIONS OF DOLLARS
3300
i

,

3250

/

/

1111

3225
=

/
3200
2

=

|
1 1 1
1

2

llll
1

1 1 1

M ill

=

|

3125

3175

3100

_LLL 1 1 1 1
1 1 1
1111
IS 29 12 20 10 24
APR
MAY
JUN
JUL

in
7 21
AUG
1989

LATEST DATA PLOTTED WEEK ENDING

111
IS
SEP

1111

■LI 1 .1 11 Lim
0 19 27 II 25 8 22
NOV
DEC
JAN

111 _LLL J-LLl. 1 1 1
5 10 5 10 2 IS 90 14 28 II 25
FEB
MAR
APR
MAY
JUN
1990

JUNE 4, 1990

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.8 RELEASE
M2 IS THE SUM OF Ml. OVERNIGHT RPS ISSUED BY ALL COMMERCIAL BANKS, OVERNIGHT EURODOLLARS ISSUED
TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS, MONEY MARKET DEPOSIT ACCOUNTS. SAVINGS AND
SMALL TIME DEPOSITS, AND GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUn6s.
FOR MORE
DETAIL, SEE THE H.6 RELEASE.

MONEY STOCK (M2 )
COMPOUNDED ANNUAL RATES OF CHANGE,
6/5/89

9/4/89

11/6/89

12/4/89

7.9
7.8
7.8
7.2
7.4
7.1
6.5
5.8

7.1
7.3
6.5
6.9
6.6
5.9
4.9

7.5
6. 1
6.8
6.3
5.4
4.3

5.6
6.6
6. 1
5. 1
3.8

AVERAGE OF FOUR WEEKS ENDING:
1/1/90

2/5/90

3/5/90

4/2/90

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
11/ 6/89
12/ 4/89
1/1/90
2/ 5/90
3/ 5/90
4/ 2/90
5/ 7/90
6/ 4/90


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Federal Reserve Bank of St. Louis

6.2
5.7
4.6
3.1

6.8
4.8
2.9

2.9
1.1

-0.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ALL DEPOSITORY INSTITUTIONS
TOTAL TIME DEPOSITS^
LARGE TIME DEPOSITSv
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
2190 _
1
11

BILLIONS OF DOLLARS
2190

—

_ COMPOUNDED ANNUAL RAT ES
OF CHANGE. AVERAGE OF
“ THE FOUR llifEEKS END INC
- JUNE 4, 1990 FROM
- THE FOUR WEEKS ENDING

-

JU n!

5!

1989

-1.4
-1.6
-1.5
-1.5
-1.2

i

2, 1990
5, 1990
5, 1990
1, 1990
4, 1989

i i

"

APR.
MAR.
FEB.
JAN.
DEC.

i

“
_

-

o!6

TOTAL TIME DEPOS TS
-

2100

i

i

——

MAY

II1M
JUN.

iu_

1111

111

-LLLL -LLL

1 1 1

1 1 1 1

LATEST DATA PLOTTED WEEK ENDING: JUNE 4,

-LLL -LLL

1111

in

B

7
14
21
28
4

ILL 10

i i

1990
AFT . 30

-

2092.
2097.1
2097.7
2095.8
2094.2
2095.4

---“
-

i i i 1 ii i i 1 i i i 1 i i i;

1990

BILLIONS OF DOLLARS
590 ---------- --------------r—

BILLIONS OF DOLLARS
------ 1---------- 1---------- 590
iaaa
APR.
LARGE TIME DEPOSITS

30

billions
534.7
536.9
536.4
532.8

3 17

I

13 29 12 26 10 24

7 21

4 18

AUG

SEP

2 16 30 13 27 11

NOV

25

8 22

DEC

3 19

5 19

FEB

MAR

2 16 30 14

MAY

II 25
JUN

LATEST DATA PLOTTED WEEK ENDINGt JUNE 4, 1990
1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.
2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 9100,000 OR MORE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

10

BORROWINGS FROM FEDERAL RESERVE BANKS
BILLIONS OF DOLLARS
4.5 r-------- 1------------- i------

16

1062

6
15

1044
1537

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
---------------------------- -j 4.5

TOTAL BORROWINGS

I I I I
LATEST DATA PLOTTED WEEK ENDING: JUNE 13,

1990
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

9
16

287
319

ADJUSTMENT + SEASONAL
BORROWINGS

3 17 31 14 28 12 26
JUN
JUL

0 23

8 20
SEP

4 10
OCT

1

IS 20 13 27 10 24

7 21
FEB

7 21
MAR

4 10
APR

2 10 30 13 27

LATEST DATA PLOTTED WEEK ENDING: JUNE 13. 1990


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

— MAY

BILLIONS OF DOLLARS
160

155

2

-3 150
JUN.

-= 145
-fj 140

6

135
130
125
120

115

5 19

3 17 31

14 28 12 26

JUN

9 23

JUL

0 20

4 18

7 21

7 21

4 18

SEP

OCT

FEB

MAR

APR

2 16 30

13 27

LATEST DATA PLOTTED WEEK ENDINGt JUNE 6, 1090

BUSINESS LOANS y

( COMMERCIAL

AND

INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED

IONS OF DOLLARS

BILLIONS OF DOLLARS
—T—--------T*------- 336

- COMPOUNDED ANNUAL RATES
_ OF change, average of
THE FOUR *EEKS ENDING
- MAY 30. 1990 FROM
_ THE FO&R WEEKS ENDING: _
- MAR. 28,
FEB, 28,
“ JAN. 31,
- DEC. 27,
NOV. 29,
- AUG. 30,
-MAY 31,

1990
lOOQ
1900
1989
1989
1989
1989

1.0
2.7
2.0
0.6
-0.7
-0.9
1.5

-

APR. 25
MAY
2

5 19

APR

3

17 31

MAY

14 28 12 20

JUN

JUL

9 23

AUG

2

SEP

OCT

NOV

DEC

MAR

-LIU 1

16 80 13 27

APR

1989
LATEST DATA PLOTTED WEEK ENDING: MAY 30,

1990

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 61.4 BILLION


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PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

DOLLAR’S TRADE-WEIGHTED EXCHANGE INDEX
AVERAGES OF DAILY FIGURES

1973-100

1973-100

92.3
91.8

5 19

APR

3 17 31

MAY

14 28 12 26

JUN

JUL

9 23

AUG

6 20

4 18

SEP

OCT

I

15 29 13 27 10 24

NOV

DEC

JAN

7 21

FEB

MAR
APR
1990

LATEST DATA PLOTTED WEEK ENDING* JUNE 13, 1990
NOTE*

CURRENT DATA APPEAR IN THE BOARD OF GOVERNOR’S H.10 RELEASE.

DATA ARE WEIGHTED AVERAGES OF THE FOREIGN-CURRENCY PRICE OF THE U.S. DOLLAR, COMPUTED USING
10 INDUSTRIAL COUNTRY CURRENCIES.

#07 BLUE BOOK LIBRARY


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS