Full text of U.S. Financial Data : June 2, 1988

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

■ D£ *A\I l T
snrf»r»n^u
iLw.*rii
L!
Fed^aJ i

ancial Data

uf
LuUI3------------..... ii im 1 0 IQRfi
JUri
u
I une 2, 1988

THE WEEK'S HIGHLIGHTS:
v*

The composite index of leading indicators rose 0.2 percent in April,
following revised increases of 0.2 and 1.5 percent in March and
February. The March figure was revised downward from an initial
0.8 percent, reflecting primarily a decline in credit outstanding.

vs

Sales of new single-family houses increased 4 percent in April. For
the first four months of 1988, sales were 9.3 percent below those
for the corresponding period a year earlier.

^

April construction spending (not adjusted for inflation) increased
0.1 percent, and was 1.4 percent above the year-earlier pace.

^

Factory orders, which are not adjusted for inflation, increased 1.2
percent in April. For the January-April period, orders were up 10
percent from the same period in 1987.

THK
HDKRVI
A III .SI KM
>5 IIANk of
(Hr si;iill IS

expressed do not necessarily reflect official positions of the Federal Reserve System.
Digitized forviews
FRASER
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

2

ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED BY THIS BANK

IONS OF DOLLARS

1988
MAR.
APR.

BILLIONS OF DOLLARS
----------------- -------------- 282

BILL1QMS.

29
6

275.6
276,7

0 22

6 20

12 26

9 17

9 23

2 16 90 19 27 10 24

7 21

OCT

JAN

NOV

0 29

FEB

6 20

4

APR

MAY

16

I

15 29

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING; JUNE I,
THE ADJUSTED MONETARY BASE IS THE SUM OF I
RESERVE BAWS. CURRENCY IN CIRCULATION <CJ
DEPOSITORY INSTITUTIONS) AND AN ADJUSTMT
SOURCE OF THE ADJUSTED MONETARY BASE IS
BANK.
A DETAILED DESCRIPTION OF THE ADJI

ACCOUNTS
ENCY HELD BY

FINANCIAL INSTITUTIONS AT FEDERAL
.EHRJftAN?.1 N.I*LVAULTS,OF ALL

RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDING*
6/3/87

8/26/87

11/4/87

6.1
6.7
5.5
7.5
6.9
6.7
7.2
6.5

8.5
6. 1
9.2
8.0
7.5
8.0
7.1

3.7
10.2
8.0
7.3
8.1
6.8

12/2/87 12/30/87

/27/88

2/24/68

4/6/80

3.9
6.3
4.6

8.1
5,4

5.8

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING;
11/ 4/87
12/ 2/87
12/30/87
1/27/88
2/24/88
4/ 6/88
5/ 4/88
6/ 1/88


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

10.4
7.5
6.7
7.8
6.4

12.5
9.3
10.0
8.0

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS

of

dollars

BILLIONS
777.8
776.3
769.6
768. 1
769.3

SEP

OCT

DEC

JAN

1987

1988

LATEST DATA PLOTTED WEEK ENDINGt MAY 23, 1988
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
Ml IS THE SUM OF CURRENCY HELD BY THE NONBANK PUBLIC, DEMAND DEPOSITS, OTHER CHECKABLE
DEPOSITS AND TRAVELERS CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,
5/25/87

AVERAGE OF FOUR WEEKS ENDING:

8/24/87 10/26/87 11/23/87 12/21/87

1/25/88

2/22/88

3/21/88

1.6
6.2
5.5

5.5
4.8

9. 1

TO THE AVERAGE
OF FOUR WEEKS
ENDING-.
10/26/87
11/23/87
12/21/87
1/25/88
2/22/88
3/21/88
4/25/88
5/23/88

2.9
2.0
0.8
2.1
2.7
2.0
3.2
3.2


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

4.5
1.8
3.7
4.3
3.2
4.6
4.5

-4.6
0.9
2.5
1.2
3.5
3.5

2.6
4.2
2.2
4.7
4.5

9.3
4.9
7.4
6.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY MULTIPLIER^
CURRENCY COMPONENT OF MONEY STOCK v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
3.1

1

1

1

7
21
4
18

2.783
2.790
2.797
2.775

16

2.79<

1988
MAR.
APR.

RATIO
3.1

RATIO

M1 MU LTIPLI =R

'v
\

111 -LUJ
6 20

4

18

APR

MAY

1111
1

-LLL

1 1 1 1

JUL

AUG
1987

15 29 13

JUN

27 10 24

-LLL -LLL
7 21

5 19

SEP

OCT

1111

-LLL .LLL

2 10 SO 14 28 II

NOV

DEC

25

JAN

1 1 1 1
0 22

FEB

1 1 1
7 21

-LLL
4 10

MAR
APR
1988

ill 1

2.8

lll!

2 10 30 13 27

MAY

JUN

LATEST DATA PLOTTED TWO WEEKS ENDING: MAY 16, 1988
IONS OF DOLLARS
206

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
MAY 23. 1988 FROM
THE FOUR WEEKS ENDING:
MAR.
FEB.
JAN.
DEC.
NOV.
AUG.
MAY

21,
22,
25,
21,
23,
24,
25,

1988
1988
1988
1987
1987
1987
1987

10.2
8.1
8.2
9.4
9.0
9.5
8.9

202

CURRENCY

J988
APR.

BILLIONS

|8
203.2
203.3

MAY

203.2
203.9
11111111111
5 19

2 10 30 14 28 11 25

DEC
LATEST DATA PLOTTED WEEK ENDING: MAY 23.

JAN

0 22

7 21

4 10

MAR

APR

1988

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
580 ---------- 1---------- 1--------

BILLIONS OF DOLLARS
------------------------------- 580

556.9
567.2
565.7
559.4
557.6
558.2

11.1.1.1.1 I I
0 20

4

APR

MAY

10

1

15 20 13 27 10 24

JUN

JUL

AUG
1987

7 21

5 10

SEP

OCT

2

15 30 14 28 II

NOV

DEC

25

JAN

8 22

FEB

7 21

4

18

2

18 30 13 27

MAR
APR
1988

LATEST DATA PLOTTED WEEK ENDING* MAY 23, 1988
IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL
UtrUollOnT INSI ITU I IONS.

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
5/25/87

AVERAGE OF FOUR WEEKS ENDING:

8/24/87 10/26/87 11/23/87 12/21/87

1/25/88

2/22/88

3/21/88

0. 1
5.3
4.6

4.5
3.8

8.8

TO THE AVERAGE
OF FOUR WEEKS
ENOING:
10/26/87
11/23/87
12/21/87
1/25/88
2/22/88
3/21/88
4/25/88
5/23/88

1.2
-0.3
-1.8
-0.3
0.5
-0.2
1.2
1.3


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

2.4
-0.9
1.3
2.2
1 .0
2.8
2.7

-9.6
-2.8
-0.5
-1.7
1.2
1.3

-0.2
2.0
-0.1
3.0
2.9

8.3
3.5
6.4
5.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

PERCENT

12.0 i—

MUNIC

3 17

I

APR

MAY

15

12 28 10 24

SEP

2

16 30 13 27

OCT

NOV

11

DEC

25

8 22

JAN

5

10

FEB

4

18

1

15 28 13 27

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JUNE 3,

1988.

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

AUG
1987

4 18

MAY

APR.

JUL

7 21

MAR
APR
1986

1988

JUN

10 24

JUN

90 DAY
CD’S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS *8fc

6.67
6.82
6.87
7.01
6.99
7.09
7.22
7.25
7.34
7.53

6.63
6.73
6.76
6.85
6.85
6.89
7.06
7.08
7.17
7.41

6.55
6.70
6.74
6.85
6.85
6.96
7. 1 1
7.15
7.22
7.35

9.53
9.61
9.61
9.73
9.73
9.78
9.85
9.94
10.01
10.06

10.73
10.83
10.86
10.98
10.92
10.96
1 1 .01
11.07
11.11
11.13

7.90
7.80
7.81
7.87
7.77
7.84
7.85
7.97
7.96
N. A.

NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.15 RELEASE.
* AVERAGES OF RATES AVAILABLE
** 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

11.0

TREASURY SECURITIES

7.0

DISCOUNT RATE
TREASU

BILL
5.0

3 17

I

APR

MAY

15 29 12 28 10 24

JUN

JUL

7 21

AUG
1987

4

18

SEP

2 16 SO 13 27

OCT

NOV

11

DEC

29

8 22

JAN

5 10

4 18

FEB

MAR

1

15

IS 27 10 24

APR

1968
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JUNE 5, 1988.

1988
APR.

1
8
15
22
29
MAY
6
13
20
27
JUNE 3 *
10
17
24

FEDERAL
FUNDS Kan

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL aotx

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

6.62
6.82
6.81
6.93
6.85
6.82
7.02
7.04
7.14
7.41

5.74
5.99
5.89
5.83
5.91
6.16
6.26
6.22
6.35
6.45

6.00
6.21
6.19
6.14
6.28
6.41
6.51
6.50
6.71
6.83

6.36
6.55
6.49
6.58
6.60
6.75
6.85
6.91
7.07
7.10

8.03
8.13
8. 12
8.25
8.27
8.39
8.53
8.64
8.73
8.73

8.85
8.86
8.88
9.07
9.08
9. 15
9.23
9.38
9.44
9.31

JCCH^UCtToN*AVERAGE^?DISCOUNT*)


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

710 DAYS EARUE" THAN DATE SHWN

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8

MONEY STOCK ( M2 )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
3025 --------- 1--------- 1------

APR.

18

BILLIONS OF DOLLARS
—i------------ ---------- 3025

2992.5
2996.7
2997.7
3000.2
3002.5
3008.9

3000

2975

2950

2925

2875

2875

a 20

4

APR

MAY

18

I

IS 20 13 27

JUN

JUL

10 24

AUG
1987

7 21

5 10

SEP

OCT

2 16 30 14 28 II

NOV

DEC

25

JAN

8 22

FEB

7 21

4

MAR

APR

16

2

16 30 13 27

1988

LATEST DATA PLOTTED WEEK ENDING: MAY 23, 1988
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE
M2 IS THE SUM OF Ml, OVERNIGHT RPS ISSUED BY ALL COMMERCIAL BANKS, OVERNIGHT EURODOLLARS ISSUED
I2*,U,-S+,FiSi£I£JSJ* 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, AVERAGE OF FOUR WEEKS ENDING:
5/25/87

8/24/87 10/26/87 11/23/87 12/21/87

1/25/88

2/22/88

3/21/88

9.4
8.0

8.8

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/26/87
11Z23/87
12/21/87
1/25/8B
2/22/88
3/21/88
4/25/88
5/23/88

3.7
3.4
3. 1
3.7
4.5
4.7
5.4
5.4


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

4.0
3.3
4.3
5.4
5.5
6.4
6.3

1.3
3.7
5.6
5.7
6.9
6.6

4.6
6.8
6.7
7.8
7.4

9.5
8.5
9.4
8.6

9. 1
10.2
8.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

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

1760

988
988
988
987
1987
1987
1987

9.8
11.4
12.7
11.2
11.2
11.4
10.7

1820

z
1790

1760
1988

z

illl

1730

1880

1850

— TOTAL TIME DEPOSI TS

"T T T T

1790

21 ,
22 ,
25 ,
21 ,
23 ,
24 ,
25 .

llll

1820

~ MAR.
I FEB.
- JAN.
- DEC.
- NOV.
- AUG.
“ MAY

1910

Illl

1850

- COMPOUNDED ANNUAL R>KIES
=_0F CHANGE, AVERAGE )F
- THE FOUR WEEKS END 11JG
- MAY 23. 1988 FROM
I THE FOUR WEEKS END 114G:

TTTT

1880

1

1910

BILLIONS OF DOLLARS
1940

j IT T ' TTTT" T T T T

BILLIONS OF DOLLARS
1940 =—1----------1--------------1----------

BILLIO tfi

-

25
1882.9
“
2
1886.0
Z
9
1889.7
16
1894.7 —
23
1896.4
Z
1 i i i 1 i i i i 1 i i i‘

1730

MAT

1700
5
.1.1,1 1 1 I I

ini

111

1111

111

111

1111 hi.

111

ILLL in

1700

0

LATEST DATA PLOTTED WEEK ENDING: MAY 23, 1988
BILLIONS OF DOLLARS

1M
APR.

BILLIONS OF DOLLARS

BILLIONS

18

496.9

6 20

4

APR

MAY

16

I

LARGE TIME DEPOSITS

IS 29 13 27 10 24

7 21

5 19

SEP

OCT

2 16 SO 14 26 11

DEC

JAN

1987

25

8 22

7 21

4 18

2

16 SO

IS 27

MAR
APR
1988

LATEST DATA PLOTTED WEEK ENDING: MAY 23. 1988
1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS. SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.
2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 6100,000 OR MORE


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
4.0 ------------1--------- 1----IM

ILL IONS OF DOLLARS
—I--------- ------------ 4.0

Mlkll.QNg.

27

2034

I
18
25

2080
2270
291 I

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDINGt JUNE I, 1988
BILLIONS OF DOLLARS

1M
APR.

BILLIONS OF DOLLARS
2.5

MILLIONS

27
ADJUSTMENT + SEASONAL
BORROWINGS

2.0

0.5

13 27

10 24

8 22

5 19

2 10 30 14 28

OCT

II

NOV

25

9 23

6 20

3

JAN

FEB

17

2

16 30 13 27

APR

II

25

8 22

MAY

LATEST DATA PLOTTED WEEK EM>INGt JUNE 1, 1988


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

PREPARED BY FEDERAL RESERVE BANC OF ST. LOUIS

0.0

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
- lfifiS

MILLIONS

I APR. 20
MAY

BILLIONS OF DOLLARS

89,437
89,875
94,107

4

91,068

I

15 20 19 27

MAY

10 24

8 22

3 10

2 16 30 14 28 II

OCT

JUN

LATEST DATA PLOTTED WEEK ENDING* MAY 25,

25

9 29

NOV

0 20

9 17

JAN

FEB

2 16 90 19 27 II

APR

25

8

MAY

1988

* DASHED LINE REPRESENTS DATA USING A NEW REPORTING PANEL AND IS NOT COMPARABLE TO PREVIOUS DATA.

BUSINESS LOANS y
C COMMERCIAL AND

INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS &
SEASONALLY ADJU5IED

BILLIONS OF DOLLARS
305 ------------- 1---------- 1-----

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR *EEKS ENDING
MAY 18. 1988 FROM
THE FO(lR WEEKS ENDING* _
MAR.
FEB.
JAN.
DEC.
NOV.
AUG.
MAY

16,
17,
20,
16,
18,
19,
20,

1988
1988
1988
1987
1987
1987
1987

17.9
10.9
10.4
7.0
5.9
6.3
3.4

“

APR. 13
295,876
297,102
1 II 1 I
15 29 19 27

MAY

10 24

JUN

8 22

5 19

2 16 90 14 28 II

OCT

25

9 29

NOV

6 20

9 17

JAN

FEB

I I 1 1 1J-LJ-L
6 22

2 16 90 19 27

APR

II

MAY

LATEST DATA PLOTTED WEEK ENDING* MAY 18, 198S
1/ BUSINESS LOANS INCLUDE BANKERS‘ ACCEPTANCES AND COMMERCIAL 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

DOLLAR'S TRADE-WEIGHTED EXCHANGE
AVERAGES OF DAILY FIGURES

INDEX
1973-100
104

89.2
89.7

I

IS 29 13 27 10 24

MAY

0 22

JUN

5 19

2 16 30 14 28 II 25

OCT

NOV

9 23

6 20

3 17

JAN

FEB

2 IB 30 13 27 II

APR

25

8 22

MAY

LATEST DATA PLOTTED WEEK ENDING* JUNE I, 1988
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.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS