Full text of U.S. Financial Data : June 7, 1984

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Federal Reserve Bank
—of St. Louie
JUN

i

2

t±5r-Pinancial Data
June 7,1984

New data on business loans that incorporate changes in the
panel of reporting banks are reported in this release. The new
series, which also includes new seasonal factors, is based on 168
commercial banks with domestic-office assets greater than $1.4
billion as of December 31, 1982. The old series was based on a
sample of 171 banks with domestic-office assets greater than
$750 million as of December 31, 1977. Business loan data will be
released by the Board of Governors each Friday and, thus, will be
published with a one-week lag in this release.
The data in the table below indicate that business loans
began increasing last fall and rose at almost a 9 percent rate from
mid-October through early February of this year. Since then,
business loans have grown much more rapidly, increasing at about
a 35 percent rate. This pattern contrasts sharply with business
loan growth during most of 1983.
Recent Trends in Business Loans
(seasonally adjusted)
Averages of
four weeks ending

Annual growth rates

2/23/83 - 10/26/83
10/26/83 - 2/22/84
2/22/84 - 5/23/84

-1.6 %

8.7
34.7
—Michael T. Be long ia
the

FEDERAL
J RJM KU
XltANKot

Or

ST. LOLLS

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

•

’

BILLIONS OF* DOLLARS
214
212

207.0

21 1.5
212.7
206.6
210.9

210
208

212.0
206
204
202

200
196
196
194
192
190

I I II
6 20

4

APR

MAY

IS

I

IS 28

19 27

10 24

7 21

S

SEP

OCT

IS

2

16 90

14 28 II

DEC

29

8 22

JAN

7 21

4

MAR

APR

la

2 16 90 13 27

LATEST DATA PLOTTED WEEK ENDING: JUNE 6. 1984
THE ADJUSTED MONETARY BASE CONSISTS OF: ( 1 ) RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT
FEDERAL RESERVE BANKS, (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE
VAULTS OF ALL DEP0SIT6RY INSTITUTIONS). AND (3) AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO
CHANGES. THE MAJOR SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT. DATA
ARE COMPUTED BY THIS BANK. A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAIL­
ABLE FROM THIS BANK.
RECENT DATA ARE PRELIMINARY
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE
6/8/83

9/7/83

11/9/83

12/7/83

7.2
7.3
6.9
7.6
7.8
8.2
7.7
8. 1

9.0
7.8
8.7
8.9
9.3
6.5
8.9

6.0
8.2
8.6
9.2
8. 1
8.7

8.3
8.8
9.5
8. 1
8.8

AVERAGE OF FOUR WEEKS ENDING:
1/4/84

2/8/84

11.0
11.3
9.1
9.7

11.0
8.0
9.1

3/7/84

4/4/84

7.2
8.8

7.4

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

9/83
7/83
4/84
8/84
7/84
4/84
9/84
6/84


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
550

BILLIONS
APR.

23

545

532.3
534.7
540.0

540
544.3
541 .9
535
530
525

505
500
495

I

23

a 22

3 IB

3 17 31

14 28 12 M

NOV

9 23

DEC

6 20

3 19

FEB

MAR

2

16 30 14 28 II 23

1983
LATEST DATA PLOTTED WEEK ENDING: MAY 28.

1984

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COMMERCIAL BANK DEMAND DEPOSITS
HELD BY THENONBANK PUBLIC ( EXCLUDING 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 ENDING:
5/30/83

8/29/83 10/31/83 11/28/83 12/26/83

1/30/84

2/27/84

3/26/84

7.1
3.7
7.0

1.6
6.4

6.9

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/31/83
11/28/B3
12/26/83
1/30/84
2/27/84
3/26/84
4/30/84
5/28/84

6.9
6.9
6.5
7.0
7.2
7.0
6. 1
7.0


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

4.7
4.5
5.8
6.2
6. 1
5.0
6.3

5.5
7.3
7.6
7.2
5.5
7. 1

7.3
7.7
7.2
5.2
7.1

9.5
8.2
5.5
7.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

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

RATIO

2.9

RATIO

2.9

-------1--------- 1—T------1984
RAT
APR. 23 2.5
53
7
MAY
14

k 8

Ml MUL TIPLI

2.6

A

“V'

\

J J1A

2.6

'

!lxl 11 ii _LL±-in lui

j.i

i .LI 1.1. ■LI 1

111

ini

111

in

1111

111

1JJ s

LATEST DATA PLOTTED WEEK ENDINGi MAY 28, 1984
BILLIONS OF DOLLARS

156
154
152

148

156
-

COMPOUNDED ANNUAL RiKTES
— OF CHANGE. AVERAGE
THE FOUR ifcEEKS END 1 4G
“ MAY 28. 1984 FROM
THE FOUR WEEKS END 1 MG,
MA R. 26,
FE B. 27,
30,
— JA N.
_ DE C. 26,
V.
28,
NO
— AU
_ MA Y* 301
—

150

BILLIONS OF DOLLARS

---------- 1------------- 1---------- 1----------

1984
1984
1984
1983
1983

10.
7.‘
6.(
9.
8.(

1983

9J

154
152
-

150
CURREfs :y

148
-

-

-

-

-

/

142

1

221

-

APR .

140
136
1lX
4 18
APR

llll
111 XL 1
mi .1 LL
2 16 90 19 27 II 29 8 22 5 19
MAY
JUN
JUL
AUG
SEP

mi
i.i.i XLL XLLL
9 17 31 14 28 12 26 9 29
OCT
NOV
DEC
JAN

1983

142

BILLIONS

23
30
MAY
7
14
21
28
1 1 1 1

152.3
152.2
—
152.8
152.9
153.2
_
153.9
1 M 1 1 1 1 l‘

1 1 1 xllI
6 20 9 19 2 16 30 14 28 II 29
FEB
MAR
APR
MAY
JUN

1984

LATEST DATA PLOTTED WEEK EhDINGt MAY 28. 1984
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

140
138

TOTAL CHECKABLE DEPOSITS!/
BILLIONS

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

of dollars

12M
APR.

23

billions of dollars

BILLIONS
374.9

382.1
383.2
386. 1

382.9

JUN

JUL

NOV

DEC

FEB

1983
LATEST DATA PLOTTED WEEK ENDING-. MAY 28,

MAR
1984

MAY

JUN

1984

1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
5/30/83

8/29/83 10/31/83 11Z28/83 12/26/83

1/30/84

2/27/84

3/26/84

8.4
2.9
7.0

-0.3
5.9

5.8

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/31/83
11Z28/83
12/26/83
1/30/84
2/27/84
3/26/84
4/30/84
5/28/84


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

5.9
5.7
5.5
5.8
6.3
6.3
5.0
6.2

2.4
2.8
3.9
4.9
5. 1
3.5
5.2

4.5
5.6
6.8
6.7
4.3
6.4

6. 1
7.4
7.2
4.2
6.7

8.8
8. 1
4.2
7. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
15.0

CORPORATE
Aaa BONDS

PRIME BANK
LOAN RATE

MUNICIPAL
BONDS

90 DAY
CD* S

1

13 29 IS 27

10 24

8 22

5

19

2

16 SO 14 28 11

OCT

25

NOV

9 23

6 20

3

JAN

FEB

1983

17

2

16 30

IS 27

APR
1984

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING*. JUNE 8.

1984
APR.

6
13
20
27
MAY
4
11
18
25
JUNE
1
8 *
15
22
29

90 DAY
CD'S
10.40
10.33
10.42
10.46
10.60
11.17
11.32
11.14
11.31
11.07

11

25

8 22

MAY
1984

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
AM BONDS

CORPORATE
BM BONDS

MUNICIPAL
BONDS *K

10.16
10. 1 1
10.23
10. 16
10.28
10.52
10.54
10.19
10.32
10.48

10.23
10.21
10.31
10.29
10.42
10.98
11.07
10.93
10.92
10.78

12.74
12.71
12.79
12.95
13.00
13. 15
13.33
13.42
13.56
13.45

14.21
14.22
14.37
14.41
14.46
14.61
14.75
14.91
15.04
14.89

10.04
9.97
9.89
9.94
9.99
10. 19
10.36
10.83
11.07
N. A.

M AVERAGES OF RATES AVAILABLE.
«X 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 ENDED FRIDAY

PERCENT
14.0 i—

TREASURY

PERCENT
—i 14.0

;ar
:curities

RATE

TREASURY BILL
DISCOUNT
RATE

I 15 20 15 27 10 24 8 22
APR
MAY
JUN
JUL

5 10
AUG
1983

2 Ifl 50 14 28 11 25 9 25
SEP
OCT
NOV
DEC

6 20
JAN

5 17
FEB

2 16 50 15 27 II 25 8 22
MAR
APR
MAY
JUN
1984

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* JUNE 8, 1984

1984
APR.

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

FEDERAL
FUNDS X*

3-MONTH
TREASURY
BILL

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

9.74
9.65
9.76
9.64
9.73
9.97
9.88
9.79
9.76
9.79

6-MONTH
TREASURY
BILL XX«
9.83
9.82
9.92
9.74
9.88
10.27
10.40
10.38
10.62
10.57

1-YEAR
TREASURY
BILL
9.96
9.82
9.98
10.00
10. 18
10.46
10.59
10.73
10.94
10.75

5-YEAR
TREASURY
SECURITIES
12.36
12.24
12.38
12.47
12.65
12.99
13.24
13.35
13.69
13.27

LONG-TERM
TREASURY
SECURITIES
12.53
12.45
12.62
12.69
12.85
13. 16
13.42
13.49
13.67
13.41

* AVERAGES OF RATES AVAILABLE.
**
"lEE ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
S^JDATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE.
*** NEW ISSUE RATE


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

co“,uteo

ar the federal reserve

BANK OF ST. LOUIS.

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8

SMALL TIME DEPOSITS^
COMMERCIAL BANK SAVINGS DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
1984
APR.

23

BILLIONS OF DOLLARS
410

BILLIONS

400

357.1
358.6
359.4
360.2
361.4

390
380
370

SMALL TIME DEPOSITS

360
350
340
330
320
310
300
0
LATEST DATA PLOTTED WEEK ENDING. MAY 28,

1984
BILLIONS OF DOLLARS
170

BILLIONS OF DOLLARS

BILLIONS
APR.

23

165

128.3
128.2
128.5
128.4

160

128.0
155
150
145

SAVINGS DEPOSITS

140
135
130
125

4 18

2

10 30 13 27 11

25

8 22

5 18

3 17 31

14 28 12 28

NOV
1983

DEC

B 23

6 20

5 IB

FEB

MAR
1984

2

18 30 14 28 II

MAY

25

JUN

LATEST DATA PLOTTED WEEK ENDING. MAY 28, 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

0

TOTAL TIME DEPOS I TS 1/
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
780

ISM
APR.

BJLL1QNS
720.9
726.5
728.8

23

770
760

732.3
737.2
750
740

730

720

710

700

4

18

2 16 SO 13 27

II 25

8 22

5 IS

3 17 31

14 28 12 26

NOV

9 23

DEC

6 20

S IS

FEB

MAR
1984

1983

2

16 30 14 28

MAY

II 25

JUN

LATEST DATA PLOTTED WEEK ENDINGt MAY 28, 1984
1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
5/30/83

8/29/83 10/31/83 11/28/S3 12/26/83

1/30/84

2/27/84

3/26/84

2.6
5.2
8.6

8.5
12.1

14.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/31/83
11/28/83
12/28/83
1/30/84
2/27/84
3/26/84
4/30/84
5/28/84

7.1
8.0
7.5
6.0
5.2
5.4
5.8
6.9


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

8.8
7.8
5.4
4.2
4.7
5.3
6.8

8.6
4.2
2.7
3.6
4.7
6.7

0.7
-0.2
1.6
3.3
5.8

-2.2
0.6
3.0
6.0

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

BILLIONS OF DOLLARS
260

298.6
241.0
247.8

16 90 13 27

JUN

II

25

8 22

5 IB

3 17 31

JUL

14 28 12 26

NOV

9 23

DEC

6 20

5 IB

FEB

MAR

2

18 30 14 28 II

MAY

23

JUN

LATEST DATA PLOTTED WEEK END INCt MAY 28, 1084
TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100,000 OR MORE.

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

16
23
30
7
14
21
28

$398.5
395.4
392.8
393.6
394.9
395.0
394.4

MMMFs 2/
$189.0
187.7
186.7
185.3
187.7
189.6
191.4

SUPER NOWs 3/
$43.9
43.4
42.0
42.7
42.5
42.4
42.1

]_/ Money market deposit accounts at all depository institutions, effective 12/14/82.
2/ Total money market mutual fund balances.
37 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.


http://fraser.stlouisfed.org
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
1964
MAY

2
9
16
23
30
JUN. 6

6 20
APR

4

BILLIONS OF DOLLARS
0

MILLIONS

18

1029
1098
4613
3746
3008
3131

1

15 29 13 27

10 24

MAY

7 21

5 IB

SEP

OCT

2 16 30 14 28 II

DEC

25

8 22

7 21

4

18

2 16 30 13 27

JAN

LATEST DATA PLOTTED WEEK ENDING: JUNE 6, 1984

BUSINESS LOANS v
(COMMERCIAL AND INDUSTRIAL)
WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
248

240

236

-

COMPOUNDED ANNUAL RA TES
OF CHANGE. AVERAGE 0
THE FOUR WEEKS END IN
MAY 23. 1984 FROM
THE FOUR WEEKS ENDIN'G:

“
"
“
_
_

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

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

1984
1984
1984
1983
1983
1983
1983

BILLIONS OF DOLLARS
248

/

31.1
34.7
30.5
24.5
21.1
14.4
10.8

240

/

~
236

_ 232

232

E

228

2

_

2
198
216

'

I

MAY

212

!lu

i

11
18

APR

MAY

ini

111

JUN

JUL

I

ti 11

IS 2B IS 27 10 24

AUG
1983

-LLL

1 1 1

1 1 1 1

7 21

SEP

-L1.1

1 1 1

1111

18 30 14 28 II

OCT

LATEST DATA PLOTTED WEEK ENDING. MAY 23,

NOV

DEC

JAN

MILLIONS

-

234,889
Z
235,674
236,436
239,664
~
241,548
“
242,552
_
mu i.u i i-i 11!

-LLL
7 21

FEB

18
25
2
9
16
23

4 18

MAR
APR
1984

2

16 30 IS 27

MAY

JUN

1984

1/ BUSINESS LOANS INCLUDE BANKERS1 ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF 8750 MILLION OR MORE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

220
216

212