Full text of U.S. Financial Data : March 1, 1984

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RESEARCH LIBRARY
Federal Reserve Bank

Financial Data
WAR

0 5

,1984

March 1,1984

The Board of Governors recently revised the money stock
measures and related items to incorporate benchmark revisions,
changes in seasonal adjustment factors, a change in the timing of
weekly data and revised data on currency in circulation. Revised
monthly data have been published by the Board of Governors only
for the period since October 1982.
The effects of these revisions on quarterly growth rates of
Ml and M2 for 1983 are shown in the table below. These revisions
reduced the reported growth of Ml during the first half of the
year, while increasing it for the second half. Over the year as a
whole, the growth rates of Ml and M2 were increased only slightly.
Growth Rates of Ml and M2: Old and Revised Series
(compounded annual rates of change, seasonally adjusted)
Ml

M2

Old

Period

Revised

Old

Revised

13.4%
12.1
9.8
4.9

21.9%
10.5
8.1
7.1

22.1%
11.0
7.1
8.7

10.0

11.8

12.1

IV/82
1/83
11/83
III/83

-

1/83
11/83
III/83
IV/83

14.9%
12.7
9.2
2.1

IV/82

-

IV/83

9.6

—Courtenay C. Stone
THE
FEDERAL
A RESERVE
Jk RANK of
ST.LOIXS


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

lafii
JAN.
FEB.

BILLIONS OF DOLLARS
208

BILLIONS

206

25
204.7
206.0
205.9
204.3 P
205.9 P

204
202

200
198
196
194
192
190
188
186

5

18

JAN

2

16

2 16 90 13 27

11

25

8 22

6 20

3 17 31

FEB

14 26 12 26

SEP

0 23

7 21

4 18

DEC

OCT

JAN

1

15 29 14 26

1983
LATEST DATA PLOTTED WEEK ENDING; FEBRUARY 29.

1964

THE ADJUSTED MONETARY BASE CONSISTS OF; £ 1 ) RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT
FEDERAL RESERVE BANKS. I 2) CURRENCY IN CIRCULATION I CURRENCY HELD BY THE PUBLIC AND IN THE
VAULTS OF ALL DEPOSITORY INSTITUTIONS). AND (3) AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO
CHANGES.
THE MAJOR SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT. DATA
ABLECFROMTTOISVBANKS BANK* A 0CTA,LED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILP-PRELIMINARY
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
3/2/83

6/1/83

7/27/83

8/31/83

6.3
7.1
7.4
7.8
7.2
7.6
7.8

7.3
7.8
8.2
7.3
7.8
8.0

9.2
9.2
7.8
8.3
8.5

AVERAGE OF FOUR WEEKS ENDING:

9/28/83 10/26/83 11/30/83 12/28/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING*.
7/27/83
8/31/83
9/28/83
10/26/83
11/30/83
12/28/83
2/ 1/84
2/29/84

9. 1
8.4
8.6
8.6
8.7
8.2
8.4
8.4


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Federal Reserve Bank of St. Louis

9.0
7.2
8.1
8.3

6.5
7.8
8.2

7.1
7.8

0.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

------------------------- =3 540

13SI
JAN.

BILLIONS
529. I
529.8
532.6
533.0

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

a 19

SEP

2 16 30 13 27 12 28

FEB
1984

1983

MAR

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 20. 1984
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
MI CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS cttAFRrlil

rank

nPuiut rtcpneire

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,
2/21/83

5/23/83

7/18/83

8/22/83

12.5
11.6
10,6
9.8
9. 1
8.8
8.7
8.9

10.5
8.9
8.0
7.4
7.2
7.2
7.6

6. 1
5.5
5.3
5.4
5.8
6.5

4.0
4.3
4.7
5.3
6.2

AVERAGE OF FOUR WEEKS ENDING:

9/19/83 10/17/83 11/21/83 12/19/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING-.
7/18/83
8/22/83
9/19/83
10/17/83
11/21/83
12/19/83
1/23/84
2/20/84


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

4.5
4.9
5.7
6.6

5.3
6. 1
7.2

6.8
8.0

9.0

PREPARED BY FEDERAL RESERVE BAMC OF ST. LOUIS

3

4
MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO

2.0

RATIO

2.0

-------------1---------- 1---------1084
JAN.

RATI a
18

2.5$

2.8
FEB

'1

Ml Ml LTIPLI =R

2.7

2.6

8i 111

-LLL -LLL LI 1 JILL _LLL -LLL

1111

-LLL

1 1 1 1

LLL J-LL

II 1 1

_LLL -LLL

LATEST DATA PLOTTED WEEK ENDING* FEBRUARY 20, 1084
BILLIONS OF DOLLARS
154
1
1
152
150
148
148
144

BILLIONS OF DOLLARS
154

1

COMPOUNDED ANNUAL RiKTES
—OF CHANGE. AVERAGE 3F
- THE FOUR WEEKS END 1
FEBRUARY 20. IBM FI*0M

-

DEC.
—NOV.
_ OCT.
SEP.
— AUG,
- MAY
FEB.

-

10,
21,
17.
10,
22,
23
21,

1083
1083
1083
1083
1983
1983
1983

152
150

11.1
o.;
io.:
9.1
9/
9.1
10.

148
148

CURRE NCY
-

144

-

-

-

-

142

142
140

140
-

.

138

JAA .

-

8 ILL IOIMS

J_384

138

llIB 140.8
13:S

~
-

• 150.2

-

138

138
FEB .

»

134

3!llll -LLL -LLL -LLL -LLLL
3

17 91

JAN

14 25 14 21 11 2

FEB

MAR

APR

• 23
MAY

111
• 20

■ 111

-LLLJ

10 24

7 21

OCT

NOV

5 10
DEC

-LLL -LLLL -LLL -LLLL
4 II

JUN
JUL
1083

i is ;
AUG

) 12 2
SEP

118:1

i.i.i 11111111

\‘

2 10 30 13 27

JAN

FEB
1084

0

LATEST DATA PLOTTED WEEK ENDING* FEBRUARY 20, 1084
1/ RATIO OF MONEY STOCK (Ml > TO ADJUSTED MONETARY BASE
2/ CURRENT DATA APPEAR IN TIC BOARD OF GOVERNORS' H.8 RELEASE.


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

PREPARED BY FEDERAL RESERVE BAMC OF ST. LOUIS

134

TOTAL CHECKABLE DEPOSITS-^
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
385 ------------- ----------- 1-----12M
JAN.

3 17 31

JAN

16

BILLIONS
374.4
374.8
375.8
377.3
377.8
379.5

14 28 14

FEB

BILLIONS OF DOLLARS
------------------------------- 3®5

MAR

11

25

APR

9 23

8 20

4 18

I

15 29 12 28 10 24

JUN
JUL
1983

SEP

OCT

7 21

5 19

NOV

DEC

2 16 30 13 27 12 28

FEB
1984

LATEST DATA PLOTTED VIEEK ENDING. FEBRUARY 20, 1984
1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOS1TS
COMPOUNDED ANNUAL RATES OF CHANGE,
2/21/83

5/23/83

7/18/83

8/22/83

13.3
12.0
10.5
9.5
8.5
8.3
7.9
8.3

1 1.2
8.8
7.5
6.4
6.4
6.2
6.8

4.2
3.6
3.2
3.8
3.9
4.9

1 .8
1.9
2.9
3.3
4.6

AVERAGE OF FOUR WEEKS ENDING:

9/19/83 10/17/83 11/21/83 12/10/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
7/18/83
8/22/83
9/19/83
10/17/83
11/21/83
12/19/83
1/Z3/84
2/20/84


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

2.2
3.5
3.8
5.3

4.0
4.2
5.9

5.4
7.4

7.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
15.0 r—

PERCENT
— 15.0

CORPOf

11 .0
PRIME BANK
LOAN RATE

MUNICIPAL
BONDS

90 DAY

PAPE

4

JAN

18

FEB

4 18

MAR

1

IS 20 19 27

APR

MAY

10 24

JUN

8 22

JUL
1983

3 10

AUG

2

16 30 14 28 11

SEP

OCT

NOV

25

0 23

DEC

6 20

3 17

JAN

FEB
1984

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt MARCH 2,

1984
JAN.

6
13
20
27
FEB.
3
10
17
24
MAR.
2 X
9
16
23
30

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

9.57
9.44
9.35
9.40
9.33
9.44
9.57
9.69
9.68

9.36
9.22
9. 18
9.20
9. 18
9.30
9.39
9.42
9.42

9.36
9.29
9.24
9.26
9.20
9.34
9.46
9.53
9.55

CORPORATE
BONDS

AAA

12.53
12.43
12.01
11.98
11.97
11.96
12.06
12.22
12.55

2 18 30

MAR

1984

CORPORATE
Baa BONDS

MUNICIPAL
BONDS XX

13.75
13.71
13.61
13.57
13.54
13.48
13.56
13.70
13.76

9.66
9.67
9.60
9.59
9.51
9.56
9.68
9.80
N. A.

* 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 ENDED FRIDAY

PERCENT

PERCENT
—i 14.0

5-Y
TREASURY S [CUR ITIES

RATE

DISCOUNT

TREA!

4 »•

JAN

4

FEB

MAR

18

I

15 20 13 27

APR

MAY

10 24

JUN

8 22

JUL
1983

5 19

2 16 30 14 28 11 25

AUG

SEP

OCT

NOV

0 23

DEC

JAN

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MARCH 2,

1984
JAN.

6
13
20
27
FEB.
3
10
17
24
MAR.
2 *
9
16
23
30

FEB
1984

MAR

1984

FEDERAL
FUNDS K*

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL new

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

10.06
9.53
9.54
9.53
9.41
9.58
9.53
9.60
9.62

8.95
8.88
8.88
8.93
8.91
9.06
9.09
9. 18
9. 18

9. 19
9. 10
8.92
9.01
8.97
9. 1 1
9.16
9.28
9.33

9.19
9.09
9.02
9.04
9.00
9. 10
9.21
9.35
9.37

11.50
11.42
11.29
11.31
11.31
11.43
11.55
11.67
11.79

11.78
j | .69
11.56
11.59
11 .61
11.70
11.82
11.94
12.04

* AVERAGES OF RATES AVAILABLE.

"ISWIM
NEW ISSUE RATE
S


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

bcSrd^of^governors*^il^s^release^

C0MPUTED BY

THAN DATE

EEDER*L

shownBANK 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

1934.
JAN.

BILLIONS OF DOLLARS

BILLIONS

16

352.9

6

353. I
353.0

3S2.9

■=

390

■=

380

■=

370

— 360
SMALL TIME DEPOSITS
—

350

■= 320
E: 310

LATEST DATA PLOTTED WEEK ENDING; FEBRUARY 20, 1984
BILLIONS OF DOLLARS
180 _---------- 1---------- 1---------- 1---------175

=

170

Z
-

165

-

160

z

z

Z

1934

BILLIONS OF DOLLARS
180

JAN.

16
23
™
30
FEB.
6
13

ai.LLi.ONS

175

132.3
131.7
131.1
130.8
130.3

E
170

E
165

130.

=
Z

155
Z

z \

ISO

z

\

z
145

E

=

z

1

z

E

z

Z

135
130

140
135

125
0

155
150

SAVIKIGS DEIPOSITS

145
140

160

130
125

•nil
3 17 91

JAN

111

111

111

M 28 14 28 11

FEB

MAR

APR

1111
25

111

9 23

6 20

MAY

JUN
JUL
1983

J_LL -LU.I
4 18

1

-LI 1

15 29 12 28

AUG

SEP

1 1 1 1

1 1 1

1,1 1

10 24

7 21

5 19

2 18 30 13 27

OCT

NOV

DEC

JAN

-1111

1 1 1
FEB
1984

111;
12 28

MAR

LATEST DATA PLOTTED WEEK ENDING; FEBRUARY 20, 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 BAMC OF ST. LOUIS

0

TOTAL TIME DEPOSITS 1/
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILLIONS.
71 1.5
71 1.2
711.5
708.9
710.7
712. I

I

25

9 23

5 20

4 10

JUN

JUL

I

13 29 12

5 19

NOV

2 16 30 13 27

DEC

FEB

—

790

—

780

12 20

MAR

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 20. 1984
1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIM

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING.
2/21/83

5/23/83

7/18/83

8/22/83

4.0
5.2
5.0
6.3
6.4
5.6
4.6

7.1
6.3
7.8
7.6
6.4
5.0

6.7
8.7
8.2
6.6
4.9

9/19/83 10/17/83 11/21/83 12/19/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
7/18/83
8/22/83
9/19/83
10/17/83
11/21/83
12/19/83
1/23/84
2/20/84

-10.2
-7.3
-5.3
-4.2
-2.3
-1 .5
-1.2
-1.4


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

8.6
8.0
6.0
4. 1

9.6
6.5
4.0

3.6
1.2

-1.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
5tA5UNALLY ADJUSTED

ILL IONS OF DOLLARS

BILLIONS OF DOLLARS
---------I---------- 1--------1 265
BILLIONS
JAN.

16

226.3

“
-----

260

226.7

3 17 31

14 26 14 28 II 23

FEB

MAR

APR

0 23

6

4 18

JUN

JUL

I

IS 29 12

10 24

7 21

S 19

2 16 SO 13 27 12 28

NOV

DEC

FEB

MAR

LATEST DATA PLOTTED WEEK ENDING, FEBRUARY 20, 1084
Time DEPOSITS ISSUED IN DENOMINATIONS OF 6100,000 OR MORE.

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

February

9
15
23
30
6
13
20

$380.1
380.8
380.4
381.1
383.2
385.2
386.9

MMMFs 2/
$177.5
178.4
178.7
179.4
180.4
132.8
184.1

SUPER NOWs 3/
N. A.
N.A.
N. A.
N.A.
N.A.
N.A.
N.A.

1/ Money market deposit accounts at all depository institutions, effective 12/14/82.
£/ Total money market mutual fund balances.
3/ 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
4.5

BILLIONS OF DOLLARS

rz------- .---------- 1--------

Z FEB

9 10

2 16

JAN

FEB

2 16 90 19 27 II

MAR

APR

25

MAY

6 22

6 20

9 17 91

AUG

JON
JUL
1063

14 26 12 26

SEP

OCT

0 29

7 21

4 16

I

DEC

NOV

JAN

FEB

19 20 14 28

LATEST DATA PLOTTED WEEK ENDING) FEBRUARY 29. 1064

BUSINESS LOANS u
(COMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED BY THIS BANK

TES
_ COMPOUNDED AVERAGERA
OF CHANGE. ANNUAL 0
_THE FOUR WEEKS END IN
DECEMBER 28. 1983 FR DM
_ THE FOUR WE&KS END IN

BILLIONS OF DOLLARS
236

TTT

BILLIONS OF DOLLARS
236

_

“ OCT. 26, 1983
— SEP. 28, 1983
~ AUG. 31, 1983
“ JUL. 27, 1983
“ JUN. 29, 1983
- DEC . 29, 1 982

L

.

1 1

5
B*.

0

5.5
3.9
0.8
1.4
1.8

l

~

1.2

~

IS-

>51

mi
_

^

in i

~

J'
r

r*

■V

=

-L1.1.

198 }

ULL 1111

215,480
215,941

30

-

*

Ml 10

NOV. 23
DEC.

...u-i. -in.

1111

111

111

9 17 I IS 20 12 26 0 23 0 23 6 20 4 16
NOV
DEC
JAN
FEB
MAR
APR
MAY
1982

1111

111

1111

1 15 20 13 27 10 24
JUN
JUL
AUG
1083

1 1 1

111

7 21
SEP

5 I0
OCT

_

_
_
-

7
216,535
14
216,412
21
216,412
28
217,937
1111111 ii 1111!

2 16 90 14 28 11 25
NOV
DEC
JAN
1984

LATEST DATA PLOTTED WEEK ENDING*. DECEMBER 28, 1983
1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF 6750 MILLION OR MORE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

II