Full text of U.S. Financial Data : June 4, 1987

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Federai Remove Bank
of St. Louis_____

U.S. Financial Data
JUN 0 8 1987

June 4, 1987

THE WEEK'S HIGHLIGHTS:
s

Commercial paper of nonfinancial companies has increased since early
April. Meanwhile, business loans of large commercial banks generally
have continued to decline, except for the most recent week when they
increased by nearly $5 billion (see page 11).

is

Adjustment plus seasonal borrowings from the Federal Reserve have
increased on average since mid-April (see page 10). This corresponds
with a general upward movement in the federal funds rate over the
same period (see page 7).

is

Spending on new construction rose 0.4 percent during April after
declining at a revised 1.1 percent rate during March. *

is

Factory orders increased at a modest 0.1 percent annual rate during
April after increasing at a 17.5 annual rate during the previous four
months.

s

Sales of new single-family homes increased by 7.6 percent during
April.

RKSKKVK
ItANK of


views 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
268 ------------- 1---------- 1------

BILLIONS OF DOLLARS
------------------------------- 268

— APR.
_

MAY

0 23

APR

7 21

4

MAY

JUN

It

2 It SO IS 27 10 24

JUL

AUG
1986

SEP

• 22

OCT

S 10

9 17 SI

NOV

DEC

14 20 II

JAN

28 II

FEB

28

• 22

MAR
APR
1987

6 20

S 17

MAY

JUN

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING* JUNE 5, 1987
IAL INSTITUTIONS AT FI

!!»
A DETAILEI

•SCRIPTION OF Tl

IT. DATA ARE COMPUTED BY TH
IS AVAILABLE FROM THIS BAfK.

AD JUS-

RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAI NTENANCE PERIODS ENDING
6/4/86

8/27/86

11/5/86

12/3/86 12/31/86

1/28/87

2/25/87

3.5
6.0
5.8

7.6
6.9

4/8/87

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING*
11/ 5/86
12/ 3/86
12/31/86
1/28/87
2/25/87
4/ 8/87
5/ 6/87
6/ 3/87

8.9
9.2

g.e

10.5
9.5
8.8
9.1
8.8


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Federal Reserve Bank of St. Louis

9.8
10.A
1 1.8
10.0
9.0
9. A
8.9

11.8
13.A
10.4
8.8
9.A
8.8

IA.7
10.3
8.3
9.1
8.5

9.2
7.1
8.3
7.7

8.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

757.0
758.2
749.2
751.3
754.0
758. I

t

APR

MAY

JUL

AUG

OCT

15 20 12 20

NOV

JAN

0 25

0 25

FEB

0 20

4 18

APR

MAY

LATEST DATA PLOTTED WEEK ENDING: MAY 25. 1987
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,
5/26/86

AVERAGE OF FOUR WEEKS ENDING:

8/25/86 10/27/86 11/24/86 12/22/86

1/26/87

2/23/87

3/23/87

3.5
7.5
7.3

10.1
9.0

10.8

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/27/86
11/24/86
12/22/86
1/26/87
2/23/87
3/23/87
4/27/87
5/25/87

15.7
15.9
18.4
17.9
16.2
15. 1
15.0
14.3


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Federal Reserve Bank of St. Louis

14.5
19.3
18.3
15.6
14. 1
14.2
13.4

26.2
21.7
16.7
14.4
14.4
13.3

23.9
16.7
13.8
14.0
12.8

8.9
7.7
9.5
9.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY MULTIPLIER^
CURRENCY COMPONENT OF MONEY STOCK 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
1987
*R.

RATIO

RATIO
9

2.832

Ml MULTIPLIER
— MAY

7 21

5 19

APR

MAY

2 16 30 14 28 11

JUL

29

6 22

AUO

6 20

OCT

17

1

15 29 12 26

NOV

JAN

9 23

9 23

FEB

6

4

APR

MAY

18

1

15 29

LATEST DATA PLOTTED TWO WEEKS ENDINGt MAY 18, 1987
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
------ ------------------------- 196

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
THE FO&R WEEKS ENDINGt
MAR.
FEB.

23,
23,

1987
1987

,

1986

AUG.
MAY

21
2(

7.6
7.0

CURRENCY

1987
APR.

20

BILLIONS
189.3

189.3
189.9
190.3
180.9
7 21

9 19

APR

MAY

2 16 30 14 28 It

JUL

AUG

25

8 22

J-L.1 I I I I I I I I I I I I I I

6 20

3 17

OCT

NOV

I

15 29 12 26

JAN

9 23

FEB

9 23

6

APR

MAY

LATEST DATA PLOTTED WEEK ENDINGt MAY 25, 1987

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

APR.

S

APR

20

IB

BILLIONS

of dollars

561 .0
562.3
553.0
554.6
557.0
560.5

2

16 30

14 28

II

25

8 22

MAY

6

20

OCT

3

17

I

NOV

15 29

12 26

JAN

9 23

9 23

6 20

4

18

I

15 29

FEB

LATEST DATA PLOTTED WEEK ENDINGt MAY 25. I9S7
DEPOSITORYKtNSTITUT?ONSS 'S THE SUM ** DEMAND DEP0SITS AND 0THER CHECKABLE DEPOSITS AT ALL

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGt
5/26/86

8/25/86 10/27/86 11/24/86 12/22/86

1/26/87

2/23/87

3/23/87

1.4
7.6
7.0

1 1.8
9.8

12.2

TO THE AVERAGE
OF FOUR WEEKS
ENDINGt
10/27/86
11/24/86
12/22/86
1/26/87
2/23/87
3/23/87
4/27/87
5/25/87

18.9
19.2
22.7
21.6
19.0
17.6
17.6
16.6


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Federal Reserve Bank of St. Louis

17.2
24.0
21 .9
18.0
16. 1
16.4
15.2

33.8
26.2
19. 1
16.2
16.5
15.0

28.9
18.7
15.2
15.8
14.1

7.4
6.5
9.6
8.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

1 1 .0

ME BANK
LOAN RATE

7.0

5.0

4 18

2 IB 30 13 27 11 23
JUN
JUL

8 22

5 19

5 17 31

14 28 12 26
NOV
DEC

8 23

8 20
FEB

8 20
MAR

3 17
APR

I

15 29 12 26

ig87

1986

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JUNE 5. 1987.

1987
APR.

3
10
17
24
MAY
1
8
15
22
29
JUNE
5 *
12
19
26

90 DAY
CD'S

30-DAY
COMMERC1AL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
AAA BONDS

6.30
6.30
6.65
6.58
6.78
6.85
6.89
7.23
7.03
6.99

6.30
6.23
6.50
6.39
6.59
5.76
6.78
6.94
6.88
6.86

6.21
6.23
6.52
6.49
6.70
6.77
6.84
7. 16
6.98
6.93

8.50
8.56
8.82
9.07
9.21
9.21
9.25
9.49
9.40
9.39

CORPORATE
Baa BONDS
9.72
9.77
10.05
10.23
10.37
10.45
10.45
10.62
10.58
10.58

MUNICIPAL
BONDS K*
6.93
7.27
7.90
7.82
7.85
7.86
7.82
8.31
8.03
N. A.

NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE.
M 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

V

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES

PERCENT

5-YEAR
TREASURY SECURITIES

DISCOUNT RATE

BILL

I I II
4 10

2 10 30 13 27

JUN

11

25

0 22

5 10

JUL

3 17 31

14 20 12 20

NOV

0 23

DEC

0 20

0 20

3

FEB

MAR

APR

17

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JUNE 5, 1987.

1987
APR.

3
10
17
24
MAY
1
8
15
22
29
JUNE
5 X
12
19
26

FEDERAL
FUNDS KK

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL mm

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

6.21
6.13
6.41
6.26
6.50
7.30
6.75
6.77
6.80
6.65

5.56
5.62
5.80
5.54
5.69
5.61
5.69
5.68
5.67
5.72

5.80
5.63
6.08
6,00
6.14
6.16
5.74
6.34
6.18
6. 10

5.81
5.87
6. 19
6.24
6.31
6.39
6.54
6.71
6.48
6.44

7.09
7.24
7.68
7.83
7.92
8.09
8.24
8.52
8.23
8.20

7.94
8.06
8.43
8.62
8.63
8.73
8.82
9. 10
8.79
8.87

NOTE.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE EXCLUDING LONG-TERM TREASURY
* averaM^of^ate^available0^0™ by THIS bank'
TREASURY BILL Y,ELDS ARE on a discount BASIS.
«« SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN
mm AUCTI ON AVERAGE ( DISCOUNT )


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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
1987
APR.

BILLIONS OF DOLLARS

BILLIONS

20

356.7
356.4
356.6
357.0
SMALL TIME DEPOSITS

LATEST DATA PLOTTED WEEK ENDINGt MAY 25, 1987
BILLIONS OF DOLLARS
315

BILLIONS OF DOLLARS
315

APR. 20
27
4
11
18
25

305.9
307.8
309.5
310.5
310.0
311.2

“MAY

1

I

1 1 1

--------- 1--------- 1------------ 1--------I
1987 BILLIONS

305

M il.

TTTT

/
/

305

f

1 1

1 1

II

1
1

"A
IEPOS

u

1

LARGE TIME

1

rs

1

\

111

111

1

\
/

ZT

\

111 -LLL 1 1 1 1 1 1 1 111 1I 1 15l-L20
1 1 1 111 1 111 _LLL -LLL 1111
1111
1 15 29 12 20 9 23 0 23 0 20 4 18
16 30 14 28 11 25 8 22
6 20
3 17

7 21

5 19

2

APR

MAY

JUN

JUL

AUG
SEP
1986

OCT

NOV

DEC

JAN

FEB

MAR
APR
1987

MAY

JUN

LATEST DATA PLOTTED WEEK ENDING' MAY 25. 1987
1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 9100,000
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 BAhK OF ST. LOUIS

COMMERCIAL BANK
TOTAL TIME DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
845

BILLIONS
— APR.
I

MAY

834.9
837.5
839.6
841 . I
835

815

7 21

5 10

APR

MAY

2 16 90 M 28 11

JUL

25

6 22

AUG
1986

6 20

9 17

OCT

NOV

1

19 20 12 26

JAN

9 29

0 29

FEB

6 20

APR
1987

4 18

1

15 20

MAY

LATEST DATA PLOTTED WEEK ENDINGt MAY 25, 1987
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)
5/26/86

8/25/86 10/27/86 11Z24/86 12/22/86

1Z26/87

2/23/87

3/23/87

5.0
7.6
8.1

9.6
9.6

10.9

TO THE AVERAGE
OF FOUR WEEKS
ENDINGt
10/27/86
11/24/86
12/22/86
1Z26/87
2/23/87
3/23/87
4/27/87
5/25/87

-0. 1
0.4
1.0
3.0
3.0
3.3
4.2
4.6


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

0.7
1 .7
4.7
4.5
4.8
5.8
6.2

3.9
8.3
7.0
7.0
7.9
8.2

10.8
8.4
8.0
8.9
9.0

10.0
9.0
9.8
9.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
3.0 ------------- 1---------- ,-----

1537

BILLIONS OF DOLLARS
------------------------------- 3*°

MILLIONS
6

2021

27

1427
TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDINGt JUNE 3, 1987
BILLIONS OF DOLLARS
1987
APR.
MAY

JUN.

BILLIONS OF DOLLARS
2.5

MILLIONS
29
6
13
20
27
3

463
1759
498
610
1120
473

2.0
ADJUSTMENT + SEASONAL
BORROWINGS

2

16 SO 14 28 II

MAY

25

0 23

6 20

I

15 29 12 26 10 24

JUN

7 21

4 18

4 16

JAN

FEB

MAR

1

15 29 15 27

MAY

10 24

JUN

LATEST DATA PLOTTED WEEK ENDINGt JUNE 3. 1987


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0.0

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

APR. 22

2 16 90 14 26 II 25
MAY

0

JUN

6 20

9 17

AUG

SEP

I 15 20 12 26 10 24

LATEST DATA PLOTTED WEEK ENDING* MAY 27.

7 21

4 18

4 16

JAN

FEB

MAR

I 15 20 19 27 10 24
MAY

JUN

1987

BUSINESS LOANS u
(COMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORT ING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
CHANGE, AVERAGE OF
IKS ENDING
HE FOUR
MAT
CM, r I WEEKS
WO( rnUM
THE FOO
ENDING

- MAR. 18.
- FEB. 18,

1987
1987

NOV. 19,
- AUG. 20.
-MAY 21,

1966
1986
1986

-11.1

MILLIONS
APR. 15
279.698
MAY

6
275,018
279,620

2 16 90 14 26 11 25
MAY

JUN

0 29

6 20

9 17

AUG

SEP

I 15 20 12 26 10 24

1.111. U 1.L1.J.1 L 1 1,1

7 21

4 16

4 16

1 15 20 19 27 10 24

JAN

FEB

MAR

MAY

JUN

1987
LATEST DATA PLOTTED WEEK ENDING* MAY 20.

1987

1/ BUSINESS LOANS INCLUDE BAM(ERS' 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