Full text of U.S. Financial Data : June 8, 1989
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hesear: library Federal R ancial Data JUN 2 0 1989 June 8, 1989 THE WEEK'S HIGHLIGHTS: s The prime interest rate declined 50 basis points on June 5 to 11 percent, reversing a trend of six increases (totaling 300 basis points) beginning in May 1988. is The lower prime rate coincided with reductions in banks' cost of funds. From the week ending March 17 to the week ending June 9, the 90-day CD rate fell 89 basis points. v* The Ml money stock growth continued to fall, largely because of ongoing declines in the Ml multiplier. From the four weeks ending December 26, 1988, to the four weeks ending May 29, Ml fell at a 5 percent annual rate. ^ The civilian unemployment rate was 5.2 percent in May, down 0.1 percentage point from April. The lower unemployment figure resulted from a 102,000 increase in civilian employment and a 49,000 reduction in the civilian labor force. THE FEDERAL A RKSERW ItANK of (Or ST.IXH LS 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 ------------------------------- 296 288.0 — MAY 190.2 289.6 6 20 4 APR MAY 18 I 19 20 19 27 JUN JUL 10 24 AUG 1988 7 21 S IS SEP OCT 2 10 50 14 28 NOV DEC LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING: MAY 31, II 25 JAN 8 22 FEB 8 22 MAR 5 IS APR 1989 3 17 31 MAY 14 28 JUN 1989 THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE BANKS, CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF ALL AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO CHANGES. THE MAJOR SOURCE OF THE.AgfWSTg) MONETARY BASE IS FEDERALRESERVE CREDIT. DATA ARE COMPUTED BY THIS A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE FROM THIS BANK. BANK. RECENT DATA ARE PRELIMINARY. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF TWO MAINTENANCE PERIODS ENDING-. 8/1/88 8/24/88 11/2/88 11/30/88 12/28/88 1/25/89 3/8/89 4/5/89 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDING. 11/ 2/88 11/SO/88 12/28/88 1/2S/89 3/ 8/89 4/ 5/89 5/ 3/80 5/31/89 6. 1 5.6 5.0 6.9 4.9 5.0 4.7 4.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5.0 4. 1 7.2 4.2 4.A 4. 1 3.8 2. 1 8.5 3.4 3.9 3.5 3.1 11.2 3.4 4.0 3.6 3.1 4.5 4.9 4.2 3.5 -1.4 -0.5 -0.3 3.9 2.7 1.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK ( Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS of DOLLARS 787.0 781.5 772.9 773.0 772.3 773.9 I I I I 4 18 2 16 30 13 27 II JUN 8 22 5 19 3 17 91 14 28 12 26 NOV JUL 8 23 DEC 6 20 6 20 3 17 FEB MAR APR LATEST DATA PLOTTED WEEK ENDING: MAY 20, 1080 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, AVERAGE OF FOUR WEEKS ENDING: 5/30/88 8/20/88 10/31/88 11/28/88 12/26/88 1/30/80 2/27/80 1.2 -1.6 -5.0 -3 A -7.0 3/27/80 TO THE AVERAGE OF FOUR WEEKS ENDING: 10/31/88 11/28/88 12/26/88 1/30/80 2/27/80 3/27/80 5/ 1/80 5/20/80 4.6 4.1 4.4 3.0 2.9 2.6 1 .7 0.3 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2.0 3.0 1 . 1 1.2 1 . 1 0. 1 -1.6 3.8 0.2 0.6 0.6 -0.7 -2.8 -0.3 0.4 0.4 -1.0 -3.4 -2.1 -1.4 -2.6 -5.0 -10.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 4 MONEY MULTIPLIERi/ CURRENCY COMPONENT OF MONEY STOCK u AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 3.0 ----------1------------- RATIO 1989 MAR. APR. MAY RATIO 3.0 1 20 3 17 1 2.711 2.723 2.711 2.703 29 2^87 2.9 Ml MUL TIPLI R V 2.7 s 1 1 1 1111 4 18 2 18 30 IS 27 11 APR MAY 111 JUN 111 1111 25 JUL 8 22 AUG 1988 111 5 10 SEP 1111 111 _LLL 1111 9 17 91 14 28 12 26 0 29 OCT NOV DEC JAN 111 111 1111 6 20 6 20 9 17 I FEB MAR APR 1989 111 J_LL 19 20 12 26 MAY JUN LATEST DATA PLOTTED TWO WEEKS ENDING: MAY 29, 1989 BILLIONS OF DOLLARS 220 BILLIONS OF DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR llfEEKS ENDING MAY 29. 1989 FROM THE FOUR WEEKS ENDING: MAR. FEB. JAN. DEC. NOV. AUG. MAY 27, 27, 30, 26 28, 29, 30, 1989 1989 1989 1988 1988 1988 1988 2.2 4.0 4.2 5.2 5.7 6.0 6.3 CURRENCY BILLIONS 216.3 15 4 18 2 16 90 19 27 II 25 6 22 5 10 9 17 51 LATEST DATA PLOTTED WEEK ENDING: MAY 29, 14 28 12 — 216.0 216.6 216.9 ■LLIJ-LLLI 12 26 1989 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 204 TOTAL CHECKABLE DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 4 563.3 557.9 549.9 549.7 548.4 549.7 APR. 24 18 16 SO 13 27 II 2 BILLIONS of DOLLARS JUN 25 6 22 5 10 3 17 31 14 28 12 26 NOV JUL 0 23 DEC 6 20 6 20 FEB MAR APR 1988 1988 LATEST DATA PLOTTED WEEK ENDINGt MAY 29, 3 17 1 15 20 12 26 1989 TOTAL CHECKABLE DEPOSITS IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS. TOTAL CHECKABLE DEPOS TS COMPOUNDED ANNUAL RATES OF CHANGE, 5/30/88 AVERAGE OF FOUR WEEKS ENDING: 8/29/88 10/31/88 11/28/88 12/26/88 1/30/89 2/27/89 3/27/89 -5.9 -1 1 .0 -14.6 TO THE AVERAGE OF FOUR WEEKS ENDING: 10/31/88 11/2S/88 12/26/88 1/30/89 2/27/89 3/27/89 5/ 1/89 5/29/89 3.6 3. 1 3.4 1.4 1.4 l .0 -0.0 -1.9 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0.2 1.5 -1.3 -0.9 -1.1 -2.2 -4.4 2.9 -2.4 -1.5 -1.6 -3.0 -5.7 -3.5 -2.0 -2.1 -3.6 -6.6 -5.2 -4.3 -5.6 -8.7 -0.5 -3.7 -8.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT 12.0 11.0 10.0 CORP( -LI 1 1 1 I II I 15 20 13 2T 10 24 MAY 8 22 5 18 JUN 2 18 SO 14 28 II 25 OCT NOV 0 23 6 20 3 IT JAN FEB 3 17 31 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt 90 DAY CD'S 1989 APR. 7 14 21 28 MAY 5 12 19 26 JUNE 2 9 * 16 23 30 10.03 10.02 9.87 9.84 9.83 9.72 9.49 9.41 9,39 9.20 30-DAY COMMERCIAL PAPER 90-DAY BANKERS' ACCEPTANCES CORPORATE 9.83 9.82 9.74 9.72 9.70 9.66 9.50 9.47 9.51 9.37 9.75 9.75 9.63 9.60 9.57 9.45 9.26 9. 18 9. 16 8.92 9.81 9.80 9.80 9.75 9.73 9.69 9.54 9.41 9.37 9.25 Aaa bonds 12 26 APR JUNE 9, CORPORATE Baa BONDS 8 23 MAY I960. MUNICIPAL BONDS m 10.60 10.66 10.61 10.59 10.57 10.57 10.46 10.32 10.27 10. 1 1 7.56 7.54 7.44 7.40 7.36 7.36 7. 18 7. 1 1 7. 15 N.A. NOJE^CURRENTrDATA APPEAR,N THE BOARD OF GOVERNORS' H.I5 RELEASE. * AVERAGES OF RATES AVAILABLE I BOND BUYER'S AVERAGE |rjgEX op 20 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 I SELECTED INTEREST RATES AVERAGES OF DAILY RATES PERCENT PERCENT — 11.0 11.0 i— TREASURY SECURITIES TREASl DISCOUNT RATE 15 29 IS 27 10 24 APR MAY JUN 6 22 JUL 5 19 AUG 1988 2 16 50 14 28 It 25 SEP OCT NOV 9 23 DEC 0 20 3 17 JAN FEB 3 17 31 MAR 14 28 12 26 APR 1980 MAY 9 23 JUN LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING) JUNE 0, 1080. 1080 APR. 7 14 21 28 MAY 5 12 19 26 JUNE 2 9 ft 16 23 30 FEDERAL FUNDS tot 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL MOW 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 9.71 9.82 9.95 9.86 9.88 9.86 9.75 9.74 9.84 9.68 8.82 8.69 8.55 8.53 8.54 8.43 8.30 8.41 8.54 8.16 8.84 8.78 8.59 8.72 8.64 8.39 8. 19 8.33 8.36 7.99 8.74 8.73 8.56 8.52 8.47 8.36 8.23 8.21 8. 16 7.83 9.36 9.42 9.25 9. 16 9.09 9.06 8.86 8.73 8.60 8.34 9. 19 9.24 9. 13 9.08 9.08 9. 12 8.87 8.72 8.68 8.47 N0TE‘ 1 KJEF,*18*55 OF GOVERNORS* H. 15 RELEASE EXCLUDING LONG-TERM TREASURY * AVERAGESU0FTRATE<TaVA ILABLE^^0 BY ™IS BANK' TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS. m SEVEN-DAY AVERAGES FOR WE^K ENDING TWO DAYS EARLIER THAN DATE SHOWN I AUCTION AVERAGE (DISCOUN http://fraser.stlouisfed.org 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 BILLIONS OF DOLLARS 3100 _ 1 - APR. MAY 1989 3075 24 1 8 15 22 29 BILLIONS OF DOLLARS 3100 r~ 1 am IONS 3080 .4 3072 3070 3070 m - \A / .6 - / 3050 3050 - - 3025 3025 r' 3000 r - !lll 1111 IS APR 111 J_LL 1 1 1 1 JJ_L 1 1 M 2 IS 90 19 27 II 20 8 22 5 MAY JUN JUL AUG SEP 1988 1 1 1 1 1 1 1 1 1 1 9 17 91 14 28 12 20 0 29 OCT NOV DEC JAN LATEST DATA PLOTTED SEEK ENDING: MAY 29, 1 1 1 0 20 FEB 111 XLL 1 1 1 1 0 20 9 17 MAR APR 1989 hj! 10 MAY 12 JUN 1989 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.8 RELEASE ISSUED BY________________ ALL COMCRCIAL BANKS IVERNIGHT RPS M2 IS THE SUM OF Ml. OVL......... . __________ ------------“RANCHES ‘ ............. ................_______ 2 TO U.S. RESIDENTS B* FOREIGN BRANCHESCOF “U.S. BANKS, ......... MONEY SMALL TIME DEPOSITS, AND GENERAL PURPOSE AND BROKER/DEALER MOftY MARKE' DETAIL, SEE THE H.6 RELEASE. MONEY STOCK (M2) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 5/30/88 8/29/88 10/31/88 11/28/88 12/26/88 1/30/89 2/27/89 3.0 1.9 0.7 2.2 0.5 3/27/89 TO THE AVERAGE OF FOUR WEEKS ENDING: 10/31/88 11/28/88 12/26/88 1/30/86 2/27/89 3/27/89 5/ 1/89 5/29/89 3.3 3.9 4.0 3.2 3.0 3.2 2.9 2.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3.7 4. 1 2.8 2.6 2.9 2.5 1 .9 5.9 3. 1 2.7 3.0 2.5 1 .7 1.4 1.4 2.2 1.7 1.0 -0.1 1.3 1.0 0.2 -1.3 1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ALL DEPOSITORY INSTITUTIONS TOTAL TIME DEPOSITS v LARGE TIME DEPOS I TS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 2100 COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR WEEKS ENDING 2010 — MAR. 27, FEB. 27, I JAN. 30, — LTCVs. CO, —NOV. 28, AUG. 29, I MAY 30, 1989 1989 1989 1900 1988 1988 1 13.1 12.2 11.9 II .U 10.3 10. TOTAL TIME DEPOSITS 2010 1950 2009.3 2008.7 2078.1 2082.1 2085.3 2088.6 111111111111 LATEST DATA PLOTTED WEEK ENDING: MAY 29, 1989 BILLIONS OF DOLLARS 1M BILLIONS OF DOLLARS 580 B1LL1QMS 8 571.3 568. I 572.7 570 571 572.8 560 572! 5 LARGE TIME DEPOSITS 550 540 530 520 510 500 4 18 2 18 30 13 27 It 29 JUN 8 22 5 10 3 17 31 JUL LATEST DATA PLOTTED WEEK ENDING: MAY 29, 14 28 12 28 NOV 0 DEC 0 20 6 20 3 17 FEB MAR APR I IS 20 12 20 1989 1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TlhC DEPOSITS. 2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100,000 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 3 10 17 24 31 7 BILLIONS OF DOLLARS 1918 1743 1734 1675 1621 1995 TOTAL BORROWINGS LATEST DATA PLOTTED WEEK ENDING: JUNE 7, 1989 BILLIONS OF DOLLARS BILLIONS OF DOLLARS 1989 MILLIONS ADJUSTMENT + SEASONAL BORROWINGS 8 20 APR 1 MAY 15 20 13 27 JUN JUL 10 24 AUG 1988 7 21 5 10 SEP OCT 2 16 30 14 20 II NOV DEC JAN 25 0 22 FEB 8 22 MAR 8 10 APR 1989 3 17 31 MAY 14 28 JUN LATEST DATA PLOTTED WEEK ENDING: JUNE 7. 1989 http://fraser.stlouisfed.org 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 ISO 125 120 115 110 105 billions of dollars iso ■ = issa z MILLION. Z APR. 26 - MAY 3 =10 Z 17 24 H31 118,977 121,532 122,840 123,000 122,916 122,822 z 120 = z E z z E J .-"A E 125 r I 115 10 105 = .-A r z - r =J \ z A = JJ1 *111 111 1111 111 ..1111 APR MAY J'JN JUL AUG 1988 -LLL -LLL SEP OCT 1 1 1 1 -LLL _LLL 1 1 1 INI 1 1 1 -LLLL 2 10 50 14 M 11 28 8 22 • 22 S 18 3 IT 31 14 2* NOV DEC JAN FEB MAR APR MAY JUN 1689 LATEST DATA PLOTTED WEEK ENDINGt MAY 31, 1980 * DASHED LINE REPRESENTS DATA USING AN OLD REPORTING PANEL AND IS NOT COMPARABLE TO CURRENT DATA. BUSINESS LOANS y ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORT ING LARGE COMMERCIAL BANKS V SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 316 - COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF - THE FOUR WEEKS ENDING MAY 24. 1989 FROM - THE FOUR WEEKS ENDINGt - MAR. 22, FEB. 22, ~ JAN. 25, DEC. 2), “ NOV. 23, _ AUG. 24, MAY 25, 1980 1969 1980 1988 1988 1988 1988 1988 9.1- 312 7.6 10.2 8.3 6.4 3.4 4.3 308 APR. 19 300 314,778 8 20 4 18 APR MAY 1 13 29 13 27 10 24 7 21 5 10 SEP OCT LATEST DATA PLOTTED WEEK ENDING: MAY 24, 2 10 30 14 DEC 11 25 8 22 JAN FEB J-LL111 1 1 1 1JJ..LLI 8 22 5 19 3 IT 31 14 M 1989 1/ BUSINESS LOANS INCLUDE BANKERS’ ACCEPTANCES AMD COfcWERCIAL PA°ER. 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 110 100.4 103.2 103.3 102.5 6 20 4 18 1 13 20 13 27 10 24 7 21 SEP 3 10 OCT LATEST DATA PLOTTED WEEK ENDING* JUNE 7, NOTE* 2 18 SO 14 28 II 23 DEC JAN 8 22 8 22 5 10 S 17 SI U 28 FEB 1989 CURRENT DATA APPEAR IN THE BOARD OF GOVERNOR'S H.IO 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
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