Full text of U.S. Financial Data : March 30, 1989

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Reserve fte* •
of St. Louis_____

ttSrFinancial Data
March 30, 1989

APR 0 ? 1989- - - - - - - - - - - - - - - - :- - - - - - - - - - - - - - - - - - -

THE WEEK'S HIGHLIGHTS:
is

The Ml money stock grew at a 1.3 percent annual rate from the
four weeks ending September 19, 1988, to the four weeks ending
March 20. From the four weeks ending March 21, 1988, to
September 19, 1988, Ml grew at an annual rate of 5.5 percent.

is

Sales of new single-family homes fell 9.4 percent in February. Sales
for the last three months were up 9 percent from the same period
a year earlier.

ts

The composite index of leading indicators fell 0.3 percent in February,
after increasing 0.7 percent in January.

is

Personal income (not adjusted for inflation) increased at an annual
rate of 12.6 percent in February. Over the past 12 months, personal
income rose 9.3 percent.

the

FEDERAL
ARESERVE

>5 HVNhoI

nr

st.ijoi ls

Digitized for Views expressed do not necessarily reflect official positions of the Federal Reserve system.
FRASER
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
294 ---------- 1------------- .------

1M
JAN.

II

FEB.
MAR.

BILLIONS OF DOLLARS
------------------------------- 294

BILLIONS
290 .'9
287.4
287.4
287.7
289.7

II H
APR

I

MAY

I II
25
DEC

JAN

4 22
FEB

4 22

5 16

LATEST PLOTTED RESERVE MAINTENANCE PERI00 ENDING: MARCH 22, 1969
T* ADJUSTED MONETARY BASE IS THE SUM OF RE!

bank,

INANCJAL INST IT

IQNS AT FEDERAL
VAULTS OF ALL

a detailed description of

RECENT DATA ARE PRELIMINARY.

ADJUSTED MONETARY BASE
COMPOUNDED AWWAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDING:
3/23/88
TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING*
8/24/88
9/21/88
10/19/88
11/16/88
12/28/88
1/25/89
2/22/89
3/22/89

7.8
7.3
7.0
6.9
6. I
7.5
5.9
5.9


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

6/15/88

8/24/88

5.0
5.0
5.3
4.4
6.6
4.6
4.7

4.7
5.3
4. 1
7.2
4.4
4.6

9/21/88 10/19/88 11/16/88 12/28/88

5.7
3.9
7.8
4.3
4.6

3.5
8.7
4.2
4.6

9.5
3.6
4.1

5|
5.4

1/25/89

-2.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

198.9.
FEB.

13

BILLIONS OF DOLLARS
795

BILLIONS
784.1
789.1
788.6
791 .4
784. I
786.8
785

765

1

15 29 14 28 11 25

MAR

9 23

6 20

4 18

JUN

APR

JUL

I

IS 29 12 26 10 24

LATEST DATA PLOTTED WEEK ENDING: MARCH 20,

7 21

5 19

NOV

DEC

2 16 30 IS 27

FEB

IS 27

MAR

10 24

APR

1989

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1 H.6 RELEASE.
DEPolITS^ANd“TRAVELERS^CHECKS? BY THE M“*AIIC PUBL,C' DBMND DEP0S,TS* 0THE*

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,
3/21/88

6/20/88

8/22/88

6.7
5.5
5.2
4.7
4.9
3.9
3.5
3.4

4.2
4. 1
3.5
4. 1
2.7
2.3
2.3

1.4
1.4
2.8
1.2
0.9
1.0

AVERAGE OF FOUR WEEKS ENDING:

9/19/88 10/17/88 11/21/88 12/19/88

1/23/89

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
8/22/88
9/19/88
10/17/88
11/21/88
12/19/88
1/23/89
2/20/89
3/20/89


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

2.4
3.9
1 .6
1.2
1.3

4.0
1 .0
0.7
0.9

0.8
0.5
0.7

-2.5
-1.2

0.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

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

l

RATIO

9
23
6
20
6
20

RATIO
3.0

2.734
2.700
2.738
2.738
2.748
2.712

2.9

Ml MULTIPLIER

2.8

8 22

7 21
MAR

4 16
APR

2 18 50 13 27 II 25
JUN
JUL

8 22

5 18

5 17 31

14 28 12 28
NOV
DEC

9 23

8 20
FEB

8 20
MAR

3 17
APR

LATEST DATA PLOTTED TWO WEEKS ENDING: MARCH 20, 1989
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

220
_

COMPOUNDED ANNUAL RATES
vr FOUR *EEKS ENDING
vr
THE uiww,

— MARCH 20, 1989 FROM
THE FOUR WEEKS ENDING:
DEC.
NOV.
— OCT.
SEP.

19,
21
17,
19,

1988

212

1988
1988

CURRENCY

MAR. 21

204

FEB.

I I I I
1 15 29 14 28 11 25
MAR
APR

13

214.0
214.2
215.1
214.8
215.2

J-ll.ll. 11, .1 1.111. I 1 11
9 23

8 20

4 18

I

S3 29 12 28 10 24

7 21
NOV

5 19
DEC

2 18 30 13 27 13 27 10 24
FEB
MAR
APR

1988
LATEST DATA PLOTTED WEEK ENDING: MARCH 20,

1989

1/ RATIO OF MONEY STOCK (Ml ) TO ADJUSTED MONETARY BASE
2/ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.


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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

562.5
567.4
566.1
569.2
561.5

11 25

0 23

6 20
JUN

A 18
JUL
1988

I

15 20 12 20 10 24

7 21
NOV

5 10
DEC

2 10 50 15 27 15 27 10 2A
FEB
MAR
APR
1989

LATEST DATA PLOTTED KEEK ENDING*. MARCH 20, 1989
TOTAL CHECKABLE DEPOSITS IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL
DEPOSITORY INSTITUTIONS.

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
3/21/88

0/20/88

8/22/88

6.2
4.6
4.3
3.6
4.0
2.5
2. 1
1 .9

3.1
2.9
2.2
3.0
1 .0
0.6
0.5

-1 .0
-0.7
1.2
-1 .1
-1.3
-1.2

9/19/88 10/17/88 11/21/88 12/19/88

1/23/89

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
8/22/88
9/19/88
10/17/88
11/21/88
12/19/88
1/23/89
2/20/89
3/20/89


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

0.8
2.9
-0.5
-0.8
-0.7

3.2
-1.2
-1.5
-1.2

-1.7
-2.0
-1.6

-5.9
-4.2

-1.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

12.0

PERCENT

—

5 19
FEB

—

4
MAH

I 15 29 15 27 10 24 8 22
APR
MAY
JUN
JUL

I 1 I I I I I I
5 19 2 18 30 14 28 II 25 9 23
— - - —------AUG
SEP
OCT
NOV
DEC

8 20
JAN

9 17 9 17 91 14 28
FEB MAR
APR

1988

1988

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING! MARCH SI, 1989.

1969
FEB.

3
10
17
24
MAR.
3
10
17
24
31 X
APR.
7
14
21
28

90 DAY
CD'S
9. 19
9.34
9.53
9.66
10.00
9.94
10.09
10.26
10. 19

.Tvera^tm sussojs

30-DAY
COMMERCIAL
PAPER
9.04
9.14
9.28
9.41
9.82
9.77
9.86
10.02
9.98

the board

90-DAY
BANKERS'
ACCEPTANCES
8.95
9.09
9.29
9.47
9.74
9.70
9.83
10.00
9.91

* governors‘

CORPORATE

AAA bonds

9.56
9.56
9.65
9.70
9.75
9.73
9.79
9.85
9.90

h-,s

CORPORATE
Baa BONDS
10.56
10.53
10.64
10.68
10.69
10.64
10.64
10.70
10.72

MUNICIPAL
BONDS XX
7.29
7.38
7.54
7.55
7.56
7.52
7.52
7.72
N.A.

release­

** BOM) BUYER'S AVERAGE IM>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

12.0

-W------ r

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES

PERCENT

PERCENT

TREASURY SECURITIES

TREASU

BILL

DISCOUNT RATE

S 19

4 18

I

FEB

MAR

APR

15

13 27 10 24

MAY

JUN

8 22

JUL

5 10 2 16 30 14 28 II 25 9 23

6 20

AUG

JAN

SEP

OCT

NOV

DEC

3 17

FEB

1988

3 17

MAR
1989

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MARCH 31,

I960
FEB.

3
10
17
24
MAR.
3
10
17
24
31 *
APR.
7
14
21
28

19f

FEDERAL
FUNDS**

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL***

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

9. 16
9. 10
9.27
9.39
9.80
9.83
9.83
9.86
9.88

8.38
8.52
8.52
8.57
8.67
8.64
8.74
9.03
9.04

8.39
8.53
8.54
8.50
8.77
8.66
8.76
9.04
9.12

8.38
8.46
8.56
8.67
8.67
8.67
8.80
8.99
8.96

9.07
9. 14
9.32
9.43
9.42
9.37
9.49
9.69
9.67

8.94
9.01
9.21
9.28
9.30
9.24
9.31
9.42
9.33

NOTE* CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE EXCLUDING I ONR-TFRU trfa^iirv
« AVEFAllsU^TRlreSH^1|?SlL60WP'JTED BY ™' S BANKTtREASURY BILL YIELDS^ARE h^S^OUNT*BAsk


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

EM>ING ™ MYS EARUER

°*TE SHO«N

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8

MONEY STOCK ( M2)
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
OIUU

_

3066.1
3072.8
3076.0
3083.3
3077.8
3085.3

FEB

3075

3075

3050

3050

3025

2975

2950

I I I I
I

15 29 14 28 II

MAR

25

9 23

6 20

4 18

JUN

APR

JUL

1

15 29 12 20 10 24

7 21

5

NOV

DEC

19

2 16 90 15 27 13 27 10 24

LATEST DATA PLOTTED WEEK ENDING) MARCH 20, 1989
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE
M2 IS THE SUM OF Ml, OVERNIGHT RPS ISSUED BY ALL COMMERCIAL BANKS, OVERNIGHT EURODOLLARS ISSUED
TO U.S. RESIDENTS B* FOREIGN BRANCHES OF U.S. BANKS, MONEY MARKET DEPOSIT ACCOUNTS, SAVINGS AND
SMALL TIME DEPOSITS, AND GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS. FOR MORE
DETAIL, SEE THE H.6 RELEASE.

MONEY STOCK (M2)
COMPOUNDED ANNUAL RATES OF CHANGE,
3/21/88

6/20/88

8/22/88

5.2
4.6
4.3
4.5
4.7
4. 1
3.8
3.9

3.0
2.9
3.4
3.9
3.2
2.8
3. 1

1.9
3.2
4.0
2.9
2.5
3.0

AVERAGE OF FOUR WEEKS ENDING:

9/19/88 10/17/88 11/21/88 12/19/88

1/23/89

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
8/22/88
9/19/88
10/17/88
11/21/88
12/19/88
1/23/89
2/20/89
3/20/89


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

3.9
4.9
3.2
2.7
3.2

6.0
3.5
2.8
3.4

2.5
1.9
2.8

-0.3
1.6

3. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ALL DEPOSI TORY INSTI TUT IONS
TOTAL TIME DEPOS I TS 1/
LARGE TIME DEPOS I TS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
2070

BILLIONS OF iDOLLARS

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
MARCH 20, 1989 FROM
THE FOUR WEEKS ENDING}
JAN.
DEC.
NOV.
OCT.
SEP.
JUN.
MAR.

23, 1969
19, 1968
21, 1988
17, 1988
19, 1988
20, 1988
21. 1988

11.1
9.3

2010

TOTAL TIME DEPOSITS

BILLIONS.
2022.4
2025.8
2028.8
2032.9
2039.3
2043.3
I I 1 I I I I I I I I I I I I I I I

LLL.l I I I I I I I I I I I

LATEST DATA PLOTTED WEEK ENDING: MARCH 20,

1989

BILLIONS OF DOLLARS
570 ri---------- 1---------- 1—

JLSfiSL
FEB.

13

MAR.

BILLIONS OF DOLLARS
------ ----------- ---------i 570

B-ILLIQNS
550.4
552.7
553.1
554.0
558.4
560.0
LARGE TIME DEPOSITS

I

15 29 14

II 25

9 25

0 20

4 18

12 26 10 24

7 21
NOV

1988

5 19
DEC

2 16 50 15 27 15 27 10 24
FEB
MAR
, 989

APR

LATEST OATA PLOTTED KEEK ENDINGt MARCH 20. 1989
1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS. SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.
2/ Tile DEPOSITS ISSUED IN DENOMINATIONS OF *100,000 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
billions

OF

dollars

1969
1
8
15
22
29

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

MILLIONS
1507
2093
1753
1419
2018

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDING: MARCH 29,

1989

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
1989

2 16 30 IS 27 11 29
APR
MAY

8 22

6 20

I I I I
3 17 31

LATEST DATA PLOTTED WEEK ENDING: MARCH 29,


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

14 28 12 26
SEP
OCT

0 23

7 21
DEC

4 18
JAN

I IS
FEB

MILLIONS

I

15 29 12

1989

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
120 r-------- 1------------- 1------

BILLIONS OF DOLLARS
---------------------------- -i 120

108,181
107,543

r—^

9 17
FEB

2 16 90 IS 27 11
MAR
APR
MAY

8 22

6 20
JUL
1988

9 17 91 14 28 12 26 0 29
AUG
SEP
OCT
NOV

7 21
DEC

4 18
JAN

I IS
FEB

IS 29 12 26
MAR
APR

1989

LATEST DATA PLOTTED WEEK ENDING: MARCH 22, 1989
* DASHED LINE REPRESENTS DATA USING AN OLD REPORTING PANEL AND IS NOT CObff’ARABLE TO CURRENT DATA.

BUSINESS LOANS u

( COMMERCIAL AND INDUSTRIAL )
WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
MARCH 15, 1969 FROM
THE FOUR WEEKS ENDING: _
JAN.
DEC.
NOV.
OCT.
SEP.
JUN.
MAR.

18,
14,
16,
12,
14,
15,
10,

1989
1988
1988
1988
1988
1988
1988

12.8
7.2
4.9
3.4
2.5
3.1
5.4

-

MILLIONS
FEB.

8

MAR.

1

310,078

9 17

2 16 90 19 27 II 25
APR
MAY

6 22

6 20

9 17 91

14 26 12 26
SEP
OCT

9 29

-

JL1U111IH.I MILL
7 21
DEC

4 18
JAN

I 15
FEB

I

15 29 12 26

LATEST DATA PLOTTED WEEK ENDING: MARCH 15. 1989
1/ BUSINESS LOANS INCLUDE BAhKERS* ACCEPTANCES AND COMCRCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 81.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

294

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

1973-100

1973-100
106

FEB.

22
94.9

97.7

3 17

2 16 30 IS 27 II 25
APR MAY

6 22

6 20

3 17 31 14
SEP

12 26
OCT

9 23

7 21
DEC

4 16
JAN

1 IS
FEB

I IS 26 12 26

LATEST DATA PLOTTED WEEK ENDING. MARCH 29, 1989
NOTE.

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.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS