Full text of U.S. Financial Data : March 12, 1987
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RESEARCH LIBRARY Fftriftrnl Cfexramn E3----1. J.Si Fi nancial Data March 12, 1987 Business loans at all commercial banks increased 9.8 percent over the year ending in January. As the table below shows, much of this growth occurred over the last three months of this period. Over the four periods shown, total loans of commercial banks displayed the same pattern of growth as business loans. As the table indicates, growth in the other principal categories of commercial bank lending was considerably more stable. The growth of real estate loans, like business loan growth, accelerated in the final three-month period; real estate loans expanded rapidly throughout the year, however. Consumer loans, which showed the least variation in growth, increased more rapidly from January through April 1986 than over the remainder of the year. Growth of Loans at All Commercial Banks (seasonally adjusted, compounded annual rates) Period Business Real estate Consumer Total1 1/86-4/86 4.6% 13.4% 9.1% 7.4% 4/86-7/86 0.7 14.5 6.1 4.8 7/86-10/86 4.3 13.7 5.6 6.6 10/86-1/87 32.1 21.7 5.8 19.6 1 Includes other loan categories in addition to business, real estate and consumer —Philip A. Nuetzel http://fraser.stlouisfed.org Views expressed do not necessarily reflect official positions of the Federal Reserve System. Federal Reserve Bank of St. Louis 2 ADJUSTED MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS JLSfll DEC. JAN. _ 31 14 FEB ILL IONS OF DOLLARS 264 BILLlflfcB. 256.6 257.9 259.9 259.4 259.3 261 . I 260 244 240 I 15 20 12 26 12 26 FEB 9 23 MAR 7 21 4 MAY JUN 18 2 16 50 13 27 AUG 10 24 8 22 3 10 3 17 31 SEP 14 28 11 JAN 1986 LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDINGt MARCH M, 25 11 FEB 1987 25 MAR 1987 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 DEPOSITORY INSTITUTIONS) AND AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO CHANGES. THE MAJOR SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT. DATA ARE COMPUTED BY THIS BATK. A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE FROM THIS BANK. RECENT DATA ARE PRELIMINARY. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF TWO MAINTENANCE PERIODS ENDING: 3/12/88 6/4/86 8/13/86 9/10/86 6.5 9.3 9.8 10.8 11.1 9.9 8. 1 9.3 10.6 11.0 9.6 10/8/86 11/5/86 12/17/86 1/14/87 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDINGt 8/13/86 9/10/88 10/ 8/88 11/ 5/86 12/17/86 1/14/87 2/11/87 3/11/87 8.5 9.0 8.0 8.8 9. 1 9.7 9.9 9.3 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9.3 7.6 8.9 9.3 10.0 10.3 9.5 12.5 13.3 13.2 11.2 12.6 12.7 10.3 14.1 10.1 7.6 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK ( Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS _ JAN. BILLIONS DOLLARS of 731 .8 737.0 734.8 26 738.6 738.0 6 20 3 17 JAN FEB 3 17 31 14 28 12 26 APR 9 23 MAY 7 21 4 18 JUL AUG I 15 29 13 27 OCT 10 24 8 22 NOV 5 19 2 JAN FEB 1986 LATEST DATA PLOTTED WEEK ENDINGt MARCH 2, 18 2 16 30 1987 1987 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS * H.6 RELEASE. BY THE N0NBANK PUBLIC' DEMAND DEP0S,T8' 0THER checkable MONEY STOCK ( Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGt 6/2/86 8/4/86 9/1/86 17.9 16. 1 16.0 16.9 20.5 17.0 15.9 14.8 15. 1 16.7 21.8 16.9 15.5 13.2 15.9 22.3 16.4 14.8 9/29/86 M/3/86 12/1/86 1/5/87 TO THE AVERAGE OF FOUR WEEKS ENDINGt 8/ 4/86 9/ 1/66 9/29/86 11/ 3/86 12/ 1/86 1/ 5/87 2/ 2/87 3/ 2/87 17.8 18. 1 17.0 16.8 17.3 19.8 17.3 16.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 18.4 26.0 17.8 15.7 32.2 18.7 15.7 17.1 13.8 -0.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY MULTIPLIERi/ CURRENCY COMPONENT OF MONEY STOCK*/ RATIO 3.0 AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 3.0 —i----- r------- 1— 1987 RATIO DEC. 15 29 2.841 2.878 FE B. 26 9 23 2.81 2.83 2.841 Ml Ml LTIPL IER 2.8 2.7 2.6 2.6 !lll XU- 1 1 IX XLL 1 1 1 7 21 5 10 13 27 JAN 10 24 10 24 FEB MAR APR MAY 1 1 1 1 1 LL 1 1 1 1111s XLL XLL XLLL XLL XLL XLLL 15 29 12 26 0 23 0 23 2 16 30 14 28 II JUN JUL 1986 25 8 22 AUG SEP LATEST DATA PLOTTED TWO WEEKS ENDING. FEBRUARY 23, 6 20 3 17 OCT NOV DEC JAN BILLIONS OF DOLLARS 192 - COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR WEEKS ENDING _ DEC 1987 MAR 1987 BILLIONS OF DOLLARS _ FEB 1987 I 184 CURRENCY iSfil BILLIONS 186.4 — 186.9 187.5 187.6 I I 1 I I I I I 1 I I I I I I I I 6 20 3 17 JAN FEB 3 17 31 14 28 12 26 APR MAY 9 7 21 JUL 1986 LATEST DATA PLOTTED WEEK ENDING. MARCH 2, 4 18 1 15 29 IS 27 10 24 OCT AUG 8 22 5 19 2 16 2 16 30 NOV 1987 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 172 TOTAL CHECKABLE DEPOSITS AVERAGES OF DAILY FIGURES 5tA50NALLY ADJUSTED BILLIONS OF DOLLARS 575 ---------- 1---------- ,-------- ISflL IAN. rEB BILLIONS OF DOLLARS ----------------- ------------- 575 BILLIONS 20 543.7 541.4 543.3 * — 555 543.9 6 20 3 17 JAN FEB 3 17 31 14 28 12 28 APR 8 23 MAY 7 21 4 18 JUL AUG LATEST DATA PLOTTED WEEK ENDINGt MARCH 2, DEPOSITORY^?ITUT?ONSS IS THE SUM 1 15 20 13 27 10 24 OCT 8 22 NOV 5 10 2 JAN FEB 10 2 18 30 1987 DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGt 3/3/86 6/2/86 8/4/86 9/1/86 22. 1 22.3 20.9 20.5 21.2 24.7 20.8 19.6 22.0 19.7 19.2 20.5 25.5 20.2 18.7 17.6 17.6 20.0 27.2 19.7 17.8 15.3 19.1 28.1 19.1 17.0 9/29/86 11/3/86 12/1/86 1/5/87 TO THE AVERAGE OF FOUR WEEKS ENDING: 8/ 4/86 9/ 1/86 9/29/86 11/ 3/86 12/ 1/86 1/ 5/87 2/ 2/87 3/ 2/87 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 22.2 33. 1 20.7 17.9 42.4 21.9 17.9 19.2 15.0 -4.7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT PERCENT 11.0 r— corporate MUNICIPAL BONDS IAN RATI 3 17 31 JAN 14 FEB 26 .II. .14. — MAR APR 25 — 0 . 23 MAY 6 20 - 4 18 JUN JUL 1986 I IS 29 12 26 10 24 AUO SEP OCT 7 21 NOV 5 19 DEC 2 16 30 13 27 JAN FEB 1987 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. MARCH 13, 1987 JAN. 2 9 16 23 30 FEB. 6 13 20 27 MAR. 6 13 X 20 27 13 27 MAR 1987. 90 DAY CD'S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS* ACCEPTANCES CORPORATE AAA BONDS CORPORATE BAA BONDS MUNICIPAL BONDS XX 6.22 5.90 5.85 5.82 5.88 5.97 6. 13 6.21 6. 11 6. 10 6. 15 7.31 6.01 5.90 5.87 5.94 6.01 6.20 6.20 6.08 6. 12 6.20 6.10 5.74 5.73 5.70 5.83 5.88 6.07 6.07 6.03 5.98 6.08 8.49 8.40 8.33 8.31 8.37 8.38 8.39 8.40 8.36 8.34 8.36 9.97 9.82 9.70 9.65 9.68 9.65 9.66 9.67 9.64 9.60 9.62 6.85 6.70 6.65 6.54 6.56 6.57 6.67 6.62 6.59 6.54 N.A. NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE. **ABOk£G|§YER'SAAvIrAG£1^NDEX 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 PERCENT PERCENT 11.0 5-YEAR TREASURY SECURITIES DISCOUNT RATE 3-MONTH TREASURY BILL 3 17 31 14 28 14 28 FEB MAR 11 APR 25 8 23 S 20 4 18 I 13 29 12 28 10 24 JUN JUL 1986 7 21 5 19 NOV DEC 2 16 30 13 27 FEB 1987 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt MARCH 13, 1987 JAN. 2 9 16 23 30 FEB. 6 13 20 27 MAR. 6 13 * 20 27 13 27 MAR 1987. FEDERAL FUNDS ft* 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL l-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 9.20 7.62 6.01 6.01 6. 13 6.22 6.14 6.21 5.95 6.06 6.12 5.65 5.46 5.35 5.35 5.51 5.62 5.75 5.55 5.45 5.54 5.67 5.68 5.55 5.43 5.27 5.43 5.59 5.69 5.70 5.41 5.51 5.59 5.64 5.49 5.45 5.38 5.50 5.59 5.71 5.64 5.57 5.61 5.73 6.79 6.63 6.63 6.58 6.66 6.74 6.88 6.81 6.74 6.71 6.78 7.76 7.58 7.59 7.56 7.69 7.70 7.77 7.73 7.63 7.58 7.64 NOTEt CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE EXCLUDING LONG-TERM TREASURY * AVERAGES OF RATES^AVA ILABLE01^^60 BY ™IS BANK' TREASURY R"-L YIELDS ARE ON A DISCOUNTBASIS. ** SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN mat AUCTI ON AVERAGE ( DISCOUNT ) http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 COMMERCIAL BANK SMALL TIME DEPOSITSi/ LARGE TIME DEPOSITS*/ 1 1 3 1 )EPOS 1 SMALL TIME 1 111 364.3 363.9 362. 362. 362.C 361 .7 1 1 „ R. 26 2 9 16 23 2 II 1 JAN. FEB. BILLIONS OF DOLLARS 410 1 400 AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED 1 BILLIONS OF DOLLARS 410 ----------1---------- 1------------- 1---------I 1987 BILLIONS 1 1 'T T T T t— -LL-L i n i XXL -U-L 1111 -LLL in 111! U.J.. XU. 1 1 1 1 JAN. FEB. 26 2 9 295.3 293.8 294.0 _ „ MA R. 23 2 296. 296. V \ 1 1 1 1 i BILLIONS OF DOLLARS 305 1 1 1 1081 BILLIONS _ 1 1 1 1987 BILLIONS OF DOLLARS ~ XXL 360 - Jr LARGE TIME 5EP0SI TS 'N \ \ S * III! 7x LATEST DATA PLOTTED WEEK EWING* MARCH 2, in r _______ 370 1 1111 1 1 1 r- / - - 285 XLLL^ Ill XXL X-LLL XXL ILL 17 17 31 H 28 12 FEB MAR APR MAY mi. XXL XXL XXLL 1 XL 1 IX 1 l l l 10 0 23 7 21 13 29 13 27 10 24 8 22 JUN JUL SEP OCT NOV DEC AUG 1986 III XXL 5 19 2 10 JAN FEB 1987 2 10 30 MAR LATEST DATA PLOTTED WEEK ENDING* MARCH 2, 1987 1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000 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 COMMERCIAL BANK TOTAL TIME DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS iaai _ JAN. BILLIONS OF DOLLARS 830 BILLIONS. 820.2 819.5 820. 1 824. 1 820 6 20 9 17 JAN FEB 3 17 31 14 26 12 26 APR 8 23 MAY 7 21 4 16 JUL AUG LATEST DATA PLOTTED WEEK ENDINGt MARCH 2, I 15 28 19 27 OCT 10 24 8 22 NOV 5 18 JAN 2 16 FEB 2 16 SO 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: 3/3/86 6/2/86 8/4/86 1 . 1 0.8 0.3 0.8 2.2 3.2 3.3 1.5 0.3 i.i 3. 1 4.2 4.2 9/1/86 9/29/86 11/3/86 12/1/86 1/5/87 0.9 4.0 5.4 5.2 7.1 8.2 7.3 10.2 8.4 7.5 TO THE AVERAGE OF FOUR WEEKS ENDING: 8/ 4/86 9/ 1/86 9/29/86 11/ 3/86 12/ 1/86 1/ 5/87 2/ 2/87 3/ 2/87 -0.9 -0.3 -0.3 -0.4 -0.0 1.1 1 .8 2.0 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -0.7 0.6 3. 1 4.5 4.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 10 BORROWINGS FROM FEDERAL RESERVE BANKS 1987 BILLIONS OF DOLLARS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS 4.0 ------------- 1---------- 1-----MILLIONS 18 745 4 512 TOTAL BORROWINGS I I I I LATEST DATA PLOTTED WEEK ENDING* MARCH 11, 1987 BILLIONS OF DOLLARS ------------------------------- 2*5 BILLIONS OF DOLLARS 2.5 ------------- 1---------- 1----- ififil MILLIONS.. 4 200 ADJUSTMENT 4- SEASONAL BORROWINGS — I 15 29 12 28 12 28 0 23 JAN FEB MAR APR 7 21 MAY 4 18 2 18 50 15 27 10 24 JUN JUL AUG SEP 1986 8 22 5 19 3 17 31 14 26 II JAN FEB 11 25 MAR LATEST DATA PLOTTED WEEK ENDING* MARCH 11, 1987 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0.5 COMMERCIAL PAPER OF NONFINANCIAL COMPANIES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 95 MILLIONS JAN. 28 FEB. 4 70,161 77,368 77,775 76,129 85 I 15 20 12 26 12 26 FEB 0 25 MAR 7 21 4 18 MAY JUN 2 16 50 15 27 10 24 AUG 8 22 5 10 3 17 31 SEP 14 26 JAN II 25 11 FEB 25 MAR LATEST DATA PLOTTED WEEK ENDINGt MARCH 4, 1987 BUSINESS LOANS u ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORT ING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 290 _ COMPOUNDED ANNU/ _ IH| vr onnrwt, ur FOUR *EEKS ENDING 285 — UCl. . Ct, - NOV. 26, - OCT. 22, —acr. ct, - AUG. 27, - MAY 28,, HUU Cl - FEB. 26, — . I woo 1986 1986 iwoo 25.8 22.3 1986 1986 I WOO 1986 275 270 284,197 285,567 JAN. 21 FEB. 4 260 281,907 111.1.1 I J 1 I .1 I 1 ) I 1 15 20 12 FEB 12 26 0 23 MAR 7 21 4 18 2 16 30 13 27 10 24 MAY JUN AUG LATEST DATA PLOTTED WEEK ENDINGt FEBRUARY 25, 8 22 5 10 SEP 3 17 31 14 28 II JAN FEB 23 11 23 MAR 1987 1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND C0M4ERCIAL 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 BANK OF ST. LOUIS 11