Full text of U.S. Financial Data : June 9, 1988

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

RESEARCH LIBRARY
Federal Reserve Bank

g;S."Fin ancial Data
JUN 1 0 1988

June 9, 1988

THE WEEK'S HIGHLIGHTS:
s

Yields on five-year and long-term Treasury securities have risen 90
and 71 basis points since early March. The rise in short rates, as
represented by three-month Treasury bills, was in this range at 80
basis points.

^

The dollar's trade-weighted value (see back page) has increased 1.6
percent between mid-April and the week ending June 8.

ts

Overall business productivity, including farms, rose at a 3.3 percent
annual rate in the first quarter, and was up 1.9 percent from a year
earlier. With hourly compensation rising 3.4 percent, unit labor costs
were up 1.5 percent over the past year.

^

Consumer credit outstanding expanded in April at a 7.2 percent
annual rate, down slightly from the 10.4 percent rate of increase
in March. The April amount was up 9.1 percent from a year earlier.

mi.
FKDKKVI.

j itisnm
>5lt\\k..l
st. inns


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
282

QJLLJ.QNS
278

274

270

262

258

a 22

a 20
MAY

S 17
JUN

I

IS 28 12 26

8 29

7 21
OCT

4 18
NOV

2 16 90 19 27 10 24

JAN

8 29

FEB

6 20
APR

4 18
MAY

I

18 28

1887
LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING

JUNE I,

1988
INANCIAL

THE ADJUSTED MONETARY BASE IS THE SUM OF
--------------- BANKS, CURRENCY IN CIRCULATI..........
RY INSTITUTIONS) AND AN AD,

INSTITUTIONS AT FEDERAL

DETAiLED^ElcRirnwfoF^RE ADji
RECENT DATA ARE PRELIMINARY.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDING
6/3/87

8/28/87

11/4/87

6. 1
6.7
5.5
7,5
6.9
6.7
7.2
6.4

8.5
6.1
9.2
8.0
7.5
8.0
7.0

3.7
10.2
8.0
7.3
8. 1
8.6

12/2/87 12/30/87

/27/8B

2/24/88

4/6/88

3.9
6.3
4.3

8. 1
3.0

4.8

TO THE AVERAGE OF

11/ 4/87
12/ 2/87
12/30/87
1/27/S8
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
6.1

12.5
9.3
10.0
7.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
790 r---------1---------- 1--------

ILL IONS OF DOLLARS

777.8
776.3
769.6
768.1
769. I
771.2

6 20
APR

4 18
MAY

1

15
JUN

13 27 10 24
JUL
AUG

7 21
SEP

S 10
OCT

2 16 30 14 23 11 25 8 22
NOV
DEC
JAN
FEB

7 21
MAR

1987
LATEST DATA PLOTTED WEEK END INGt MAY 30,
CURRENT DATA APPEAR

4 18
APR

2 16 30 13 27
MAY

1988
1986

IN THE BOARD OF GOVERNORS' H.6 RELEASE.

DEPolITSEANDUTR*viLERiNaECKk0 BY THE

PUBLIC’ DE“AN0 DEP0S,TS' 0THER

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,
6/1/87

8/31/87

3.5
1.7
1.0
2.9
2.4
2.7
3.7
3. 1

3. 1
1.5
4.4
3.5
3.7
5.0
4. 1

AVERAGE OF FOUR WEEKS ENDING;

11/2/87 11/30/87 12/28/87

2/1/88

2/29/88

3/28/88

9.6
5.4

5.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING;
11/ 2/87
11/30/87
12/28/87
2/ 1/88
2/29/88
3/28/88
5/ 2/88
5/30/88


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

-5.5
1 .9
1 .0
1.8
3.9
2.9

6.4
3.8
4.2
6.2
4.6

7.2
6.7
8.4
6.1

1 .8
6.0
3.7

PREPARED BY FEDERAL RESERVE BANK OP ST. LOUIS

3

4

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

RATIO
3.1

RATIO
2.700
2.775
2.811
2.790
2.790

Ml MULTIPLIER

0 20

4 18

APR

MAY

I

15 29 19 27 10 24

JUN

JUL

7 21

AUG
1987

5 10

2 16 90 14 28 11

OCT

NOV

LATEST DATA PLOTTED TWO WEEKS ENDING. MAY 30.

DEC

25

JAN

8 22

FEB

7 21

4

MAR

APR

18

2

18 90 19 27

MAY

1988

BILLIONS OF DOLLARS
206 ---------- ,---------- ,--------

BILLIONS OF DOLLARS
------------------------------- 206

_

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
- THE FOUR WEEKS ENDING
—MAY 30, 1988 FROM
.
_
THE FOUR WEEKS ENDING:
_

MAR.
FEB.
FEB.
- DEC.
- NOV.
_
AUG.
JUN.

28.
29,
1,
28,
30,
31,
1,

1988
1988
1988
1987
1987
1987
1987

8.3
8.5
7.4
9.0
8.9
9.4
8.8

CURRENCY

1.988

BILLIONS
203.2
203.2

I 1 I I I I I I I I I I

I I I I
6 20
APR

4 18
MAY

1 15 20 19 27 10 24
JUN
JUL
AUG

7 21

5 19

SEP

OCT

2

16 90 14 28 11

NOV

DEC

25

JAN

1987

8 22

FEB

MAR

4 18
APR

2 16 90 19 27

1988

LATEST DATA PLOTTED WEEK ENDING: MAY 30, 1968
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

BILLIONS OF DOLLARS
—I 580

ILL IONS
APR.

25

8 20

4 18

APR

MAY

567.2
565.7
559.3
557.6
558. 1
559.7

I

IS 28 13 27 10 24

7 21

5 10

SEP

OCT

2 16 30 14 28

DEC

11

25

8 22

JAN

7 21

4

MAR

APR

18

2

16 30 13 27

LATEST DATA PLOTTED WEEK ENDING: MAY 30, 1988
DEPOSlTORYKtwTITUT?ONSS IS THE SUM

DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
8/1/87

8/31/87

AVERAGE OF FOUR WEEKS ENDING.

11/2/87 11/30/87 12/28/87

2/1/88

2/29/88

3/28/88

TO THE AVERAGE
OF FOUR WEEKS
END 1NG-.
11/ 2/87
11/30/87
12/28/87
2/ 1/88
2/29/88
3/28/88
5/ 2/88
5/30/88

i
1 .8
-0.7
-1.7
0.5
0. 1
0.5
1.8
1. 1


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

0.6
-1.4
2. 1
1.2
1.6
3.3
2.2

-10.7
-1.6
-2. 1
-0.9
1 .8
0.6

4.3
1 .8
2.4
4.9
3.0

6.2
5.6
7.9
5. 1

0.2
5.4
2.4

9.7
4.3

4.3

»

PREPARED BY FEDERAL RESERVE BAMC OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

PERCENT

12.0 r—

—i 12.0

CORPORATE

ME BANK
LOAN RATE

MUNICIPAL
BONDS

3 IT
APR

I IS 29 12 26 10 24
MAY
JUN
JUL

T 21
AUG
1987

4 18
SEP

2 16 30 13 27 II 25 8 22
OCT
NOV
DEC
JAN

5 10
FEB

4 18 I 15 29 13 27 10 24
MAR
APR
MAY
JUN
1988

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* JUNE 10,

1988
APR.

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

1988.

90 DAY
CD'S

30-DAY
COMMERC1AL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
BAA BONDS

MUNICIPAL
BONDS Xtt

6.67
6.82
6.87
7.01
6.99
7.09
7.22
7.25
7.34
7.50
7.45

6.63
6.73
6.76
6.85
6.85
6.89
7.06
7.08
7. 17
7.38
7.37

6.55
6.70
6.74
6.85
6.85
6.96
7. 1 1
7.15
7.22
7.34
7.33

9.53
9.61
9.61
9.73
9.73
9.78
9.85
9.94
10.01
10.00
9.96

10.73
10.83
10.86
10.98
10.92
10.96
1 1.01
11.07
11.11
11.09
11.10

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

NOTE.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE.
X AVERAGES OF RATES AVAILABLE
*BK BOND BUYER'S AVERAGE IW>EX 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
11.0

INTEREST RATES

AVERAGES OF DAILY RATES

PERCENT

PERCENT

|—

—|

TREASURY

■CUR IT IES

fEDERAL
RATE

I

L—s

DISCOUNT RATE
TREASUf

3 IT

1

APR

MAY

15 29 12 26

JUN

10 24

7 21

4

JUL

AUG

SEP

16

2 16 30

OCT

13 27 II

NOV

DEC

25

BILL

6 22

JAN

5 19

4

FEB

MAR

1987

18

1

15 29 13 27 10 24

APR

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING) JUNE 10,

1988
APR.

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

MAY

JUN

1988
1988.

FEDERAL
FUNDS**

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL ***

l-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
7.37

5.74
5.99
5.89
5.83
5.91
6. 16
6.26
6.22
6.35
6.45
6.43

6.00
6.21
6. 19
6.14
6.28
6.41
6.51
6.50
6.71
6.83
6.72

6.36
6.55
6.49
6.58
6.60
6.75
6.85
6.91
7.07
7.08
6.98

8.03
8. 13
8. 12
8.25
8.27
8.39
8.53
8.64
8.73
8.61
8.53

8.85
8.86
8.88
9.07
9.08
9. 15
9.23
9.38
9.44
9.25
9. 15

NOTE)
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS _ H.I5 RELEASE EXCLUDING LONG-TERM TREASURY
> AVERAGES^OpTRATES^AVAILABLE°W>UT^ BY ™IS ^
TREASURY BILL YIELDS ARE ON A DISCOUNTBASIS.
Sw^UCTloN^VERAoffDISCOUNT)


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

“ ™° DAYS EARL,ER THAN DATE SH0"N

PREPARED BY FEDERAL RESERVE BAT* OF ST. LOUIS

7

11.0

8

MONEY STOCK ( M2 )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
3025

1M

BILLIONS OF DOLLARS
3025

BILLLQiiS
2995.8
2996.5
2998.8
3001.1
3007.2
3010.8

3000

6 20

4

APR

MAY

18

I

19 29 13 27

10 24

7 21

3 18

SEP

OCT

2

16 30 14 28 11

DEC

23

8 22

JAN

7 21

4

18

2 16 SO 13 27

MAR
APR
1988

1987
LATEST DATA PLOTTED WEEK ENDING: MAY 30, 1988
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 AM)
SMALL TIME DEPOSITS, AND GENERAL PURPOSE AM) BROKER/DEALER MONEY MARKET MUTUAL FUM)S. FOR MORE
DETAIL, SEE THE H.8 RELEASE.

MONEY STOCK (M2)
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
6/1/87

8/31/87

4.0
3.4
3.2
4.2
4.6
5.0
5.5
5.5

3.7
3.3
4.9
5.4
5.9
6.5
6.3

11/2/87 11/30/87 12/28/87

2/1/88

2/29/88

3/28/88

9.7
8.2

7.7

TO THE AVERAGE
OF FOUR WEEKS
ENDING*.
11/ 2/87
11/30/87
12/28/87
2/ 1/88
2/29/88
3/28/88
5/ 2/88
5/30/88


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

1 .0
4.6
5.4
6.1
6.9
6.6

6.6
7.1
7.6
8.1
7.6

9.5
9.4
9.6
8.7

8.7
9.3
8.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ALL DEPOSITORY INSTITUTIONS
TOTAL TIME DEPOSITS 1/
LARGE TIME DEPOSITS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR AfEEKS ENDING
MAY 30. 1988 FROM
THE FOUR WEEKS ENDING*
MAR. 28,
FEB. 29,
FEB.
I,
DEC. 28,
NOV. 30,
AUG. 31,
JUN.
1,

l988
1988
1988
1987
1987
1987
1987

9.6
10.3
12.4
11.0
11.0
11.4
10.7

TOTAL TIME DEPOSITS

1790

IM

BILLIONS
1885.3
1888.7
1893.8
1895.2

1111111 111111111
LATEST DATA PLOTTED WEEK ENDING* MAY 30,

1'

BILLIONS OF DOLLARS
510
—

9
16

“

“

~

23
30

BILLIONS OF DOLLARS
510

JTTTT

1988

-

BULK2N£
492.4
493.6
494.7
497.
496.2
497.7

LARGE

TIME DEPOSI TS

-

480

im l

TTTT

2

470
-

2
1

M ill

/I J

*1 1 1

APR

1 1 1

MAY

1 II 1
JUN

1 1 1

JUL

-LI 1 1

AUG
1987

111

111

SEP

OCT19

LATEST DATA PLOTTED WEEK ENDING* MAY 30,

llll

-LLL JLLL -LLLL

2
16 30 DEC
14 28 JAN
11 25 8
22
NOV
FEB

1 1 1

III

7
21
MAR

4
18
APR

llll -LLLi
2 16 30 13 27

MAY

JUN

1988
1988

1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AK> LARGE TIME 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
4.0 --------------- ■------------i------

iS§a
4
11
18
25

BILLIONS OF DOLLARS

------ ------------------------- *.0

MJU.I.PN&
2414
2080
2270
2911

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDINGt

JUNE 8,

1988

BILLIONS OF DOLLARS

1988

BILLIONS OF DOLLARS
2.5

MILLIONS

ADJUSTMENT + SEASONAL
BORROWINGS

I I I I
1 15 29 IS 27 10 24
APR
MAY
JUN

6 22

5 19
AUG

2 16 50 14 28 11 25 9 23
SEP
OCT
NOV
DEC

1987
LATEST DATA PLOTTED WEEK ENDINGt


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

JUNE 8,

6 20
JAN

3 17
FEB

2 10 30 13 27
MAR
APR
1988

11

25

0 22

1988

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

95

BILLIONS OF DOLLARS

1 ——
1988
LLI0N3

I APR. 27
___MAY
4
11
18
25
I JUN.

m

100

89,879
94,107
93,999
94,186

r-\

S!:Sfl

90

r

A

2

r

i

\

d

80

u.

90

)
:

v

A

\

rJ

r

95

:

r\

I

nn m i

-

»

IOO

60

75

75

-in
111
1111
1 If 29 13 27 10 24 8 22
APR
MAY
JUN
JUL

111
5 19
AUG

iiii
i l I
1111
111
2 16 30 14 26 11 25 9 25
SEP
OCT
NOV
DEC

1 1 1
6 20
JAN

i 1 1
3 17
FEB

1987
LATEST DATA PLOTTED WEEK ENDINGi JUNE 1,

1 1 1 1
1 1 1
1 1 1
2 10 30 13 2
II 2
MAR
APR
MAY
1988

nn1
8 22
JUN

1988

* DASHED LINE REPRESENTS DATA USING A 1CW REPORTING PANEL AND IS NOT COMPARABLE TO PREVIOUS DATA.

BUSINESS
LOANS
^
AND
INDUSTRIAL

( COMMERCIAL

)

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

305

BILLIONS OF DOLLARS
------------------- --------------- 505

------------- 1---------- ,-----'OUNDED ANNUAL RATES
HE FOUI

NOV. 25

MILLIONS
APR. 20
295,876
298,613
297,126

■11 1 I 111 I II I I I I
I

15 28

13 27 10 24
MAY
JUN

8 22

5 19

2 16 30 14 28 11

LATEST DATA PLOTTED WEEK ENDING* MAY 25,

OCT

25

0 23

NOV

6 20
JAN

3 IT
FEB

2

16 30 13 27 II 25
APR
MAY

8 22

1988

1/ BUSINESS LOANS INCLUDE DAMPERS’ ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 81.4 BILLION


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

PREPARED BY FEDERAL RESERVE BAW OF ST. LOUIS

11

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

1973-100

1973-100

89.3

I I I I
1

15 29 IS 27 10 24

8 22

I I I I
5 19

2 18 30 14 28 11 25
OCT

LATEST DATA PLOTTED WEEK ENDINGt
NOTE*

CURRENT DATA APPEAR

JUNE 8,

NOV

9 23

8 20

3 17

JAN

FEB

MAY

IN THE BOARD OF GOVERNOR'S H.10 RELEASE.

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


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

APR

1988

COMPUTED USING

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS