Full text of U.S. Financial Data : March 8, 1990
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RESEARCH LIBRARY Bar Federal 1 of 1 APR 1 31990 F nancial Data March 8, 1990 THE WEEK'S HIGHLIGHTS: ts The adjusted monetary base has grown at a 6.8 percent annual rate during the past six months, compared with a 1.7 percent rate of increase during the previous six months. ^ The yield on 90-day certificates of deposit averaged 8.28 percent for the week ending March 9, up slightly from 8.13 percent in early January, but down significantly from the 1989 peak of 10.26 percent about a year ago. is Large time deposits (denominations of $100,000 or more) at all depository institutions have declined steadily since last July. is U.S. sales of all (domestic and import) cars and light trucks totaled 1.054 million in February, down 4.7 percent from a year earlier. For the first two months of 1990, total vehicles sold were up 1.3 percent from the same period in 1989. THE FEDERAL A RESERVE ML RANK of Or ST. UH IS 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 306 ---------- ,---------- 1-------- 1990 DEC. JAN. 27 10 FEB. BILLIONS OF DOLLARS BILLIONS. 296.5 298.5 298.5 301 .0 I! 25 JAN 8 22 FEB 8 22 MAR 5 10 APR 3 17 St MAY 14 28 12 28 JUN JUL 1989 0 23 AUG 6 20 4 SEP OCT LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING* MARCH 7. 16 1 15 20 13 27 10 24 NOV DEC JAN 7 21 7 21 FEB 1990 MAR 1990 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 AM) IN THE VAULTS OF ALL THE MAJOR DEPOSITORY INSTITUTIONS) AM) AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO CHANGES. SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT. DATA ARE COMPUTED BY THIS BANK. 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* 3/8/89 5/31/89 8/9/89 1.4 1.7 2.6 2.8 2.6 3.6 4.4 4.2 2.9 4.2 4.1 3.6 4.9 5.8 5.4 6.0 5.3 4. 1 5.9 7.0 6.3 9/6/89 10/4/09 11/1/89 12/13/89 1/10/90 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDING* 8/ 9/89 9/ 6/89 10/ 4/89 11/ 1/89 12/13/89 1/10/90 2/ 7/90 3/ 7/90 O' 6.4 4.4 6.5 7.7 6.8 2.7 5.8 7.5 6.4 6.5 8.5 6.9 13.8 9.6 7.4 ;•* i _____ __ U_ PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ; VHU r; http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -b;,. MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS ------------------------------- 815 BILLIONS I 2 FEB. 794.6 792.6 798.5 798.9 800.4 804.9 15 50 13 27 13 27 10 24 8 22 3 10 3 17 31 14 28 11 AUG 25 0 23 SEP I NOV 15 29 DEC 12 26 12 26 FEB MAR LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 26, 1990 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. depoIitsEandmtraveler1nchecksD Bv the nonbam< fublic' demand deposits, other checkable MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, 2/27/89 5/29/89 7/24/89 8/28/89 2.3 2.5 3.9 3.5 3.9 3.6 4.3 2.5 4.8 3.9 4.4 3.9 4.8 6.4 4.6 5.0 4.4 5.3 AVERAGE OF FOUR WEEKS ENDING: 9/25/89 10/23/89 11/27/89 12/25/89 TO THE AVERAGE OF FOUR WEEKS ENDING: 7/24/89 8/28/89 9/25/89 10/23/89 11/27/89 12/25/89 1/29/90 2/26/90 -2.4 -1.6 -1.0 0.3 0.4 1.0 1 . 1 1.8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5.4 5.7 4.7 5.7 3.8 3.2 4.8 4.0 6.0 5.7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 4 MONEY MULTIPLIERi/ CURRENCY COMPONENT OF MONEY STOCK*/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 3.0 ------------ 1---------- 1--------- 1— 1990 RATIO 3.0 RATIO DEC. II 25 2.683 2.681 FEB 22 5 19 2.63< 2.661 2.66 Ml MUL TIPLI :r \/ s 111 -LLL .1.LL INI -LLL 1-11.U LU0 25 JAN 6 20 FEB 6 20 MAR 5 17 APR 1 15 20 12 20 10 24 MAY JUN JUL 1989 7 21 AUG LATEST DATA PLOTTED TWO WEEKS ENDINGt FEBRUARY 19, hi 1 1 1 j 111. -LLL -LLL 1 1 1 1 4 18 2 10 30 13 27 II 25 8 22 5 19 SEP OCT NOV DEC JAN FEB 1990 1990 ILL IONS OF DOLLARS 230 BILLIONS OF DOLLARS 230 -------------1---------- 1---------- 1---------- 1------------“ “ 226 - COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR ifcEEKS ENDING FEBRUARY 26. 1990 FROM THF FOUR WFFKS ENDING-. ~ _ DEC. NOV. OCT. SEP. AUG. 25, 27, 23, 25, 28, 1989 1989 1989 1989 1989 13.1 11.1 8.< 7.J 7.: _ FEB 271 1989 5! III’ 5 19 MAR _Z / CURREIs :y - _ 222 _ 1990 JAh . 22 B illio te. " 224.8 FEB. !llll in -LLL -LLL Hill -LI 1 2 18 SO 13 27 13 27 10 24 8 22 JAN FEB MAR APR MAY 1 1IX -LLL 1 1 1 5 19 3 17 31 14 28 JUN JUL AUG SEP 1989 -LULL 1 1 1 OCT 20 NOV 5 225.8 12 225.8 19 226.3 26 227.8 111111111111111 r 18 DEC 15 29 12 28 12 28 JAN FEB MAR 1990 LATEST DATA PLOTTED WEEK ENDINGt FEBRUARY 26. 1990 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 585 ------------- 1---------- 1----- BILLIONS OF DOLLARS ------------------------------- 585 562.2 559.2 565. 1 565.5 566.5 569.6 2 18 30 13 27 13 27 JAN FEB MAR 10 24 APR 8 22 MAY 5 IB 3 17 31 JUN JUL 1989 LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 26, 14 28 11 AUG 25 SEP 0 23 OCT 8 20 4 NOV DEC 18 1 15 29 12 26 12 26 FEB 1990 1990 DEPOSITORVKmSTITUT?ONSS 'S ™E SUM °F DEMAND DEP0SITS AND 0THER CHECKABLE DEPOSITS AT ALL TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, 2/27/89 5/29/89 7/24/89 8/28/88 1.9 2. 1 4.0 3.5 3.8 2.8 3.6 1.8 5.1 4.0 4.4 3.0 3.9 7.6 5. 1 5.3 3.4 4.4 AVERAGE OF FOUR WEEKS ENDING! 8/25/89 10/25/89 11/27/89 12/25/89 TO THE AVERAGE OF FOUR WEEKS ENDING: 7/24/89 8/28/89 9/25/89 10/23/89 11/27/89 12/25/89 1/29/90 2/26/90 -4.8 -3.7 -2.9 -1 . 1 -0.8 -0.2 -0.5 0.3 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6.2 6.2 3.6 4.7 3.3 1.1 3.0 1.0 3.8 2.7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT 12.0 CORPORATE Aaa BONDS 8.0 -L-l-l-L 6 20 JAN 3 17 FEB 3 17 31 M 28 12 20 9 23 7 21 JUL 1989 4 18 AUG 1 15 29 13 27 10 24 OCT NOV 8 22 5 19 JAN LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MARCH 9. 1990 JAN. FEB. MAR. 5 12 19 26 2 9 16 23 2 9 X 16 23 30 2 18 FEB 1990 2 10 30 1990. 90 DAY CD'S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS' ACCEPTANCES CORPORATE Aaa BONDS CORPORATE Baa BONDS MUNICIPAL BONDS XX 8. 15 8.13 8. 17 8. 19 8.20 8.22 8.20 8.24 8.25 8.28 8.25 8. 16 8. 18 8.19 8.22 8.23 8. 19 8.22 8.23 8.28 7.96 7.92 7.99 8.00 8.01 8.02 8.01 8.05 8.06 8.09 8.89 8.92 8.98 9.05 9. 15 9.22 9.21 9.27 9.26 9.36 9.86 9.87 9.93 10.00 10. 10 10.13 10. 1 1 10. 19 10.20 10.26 7.03 7.03 7.14 7. 19 7.24 7.20 7. 16 7.27 7.25 N.A. NOTE. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE. * AVERAGES OF RATES AVAILABLE XX 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 PERCENT 11.0 9.0 5-YEAR TREASURY SECURITIES TREASl DISCOUNT RATE 6 20 JAN 3 17 FEB 3 17 31 14 28 12 20 APR MAY 0 23 7 21 JUL 4 18 AUG 1 15 20 13 27 10 24 OCT NOV 8 22 5 10 JAN LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING; MARCH 9, 1990 JAN. FEB. MAR. 5 12 19 26 2 9 16 23 2 9 * 16 23 30 2 16 FEB 2 10 30 1990. FEDERAL FUNDS** 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL *XX l-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 8.32 8.22 8.20 8.23 8.24 8.22 8.21 8.25 8.27 8.28 7.59 7.53 7.72 7.69 7.76 7.80 7.66 7.74 7.76 7.88 7.52 7.44 7.54 7.58 7.73 7.72 7.65 7.77 7.70 7.79 7.30 7.26 7.42 7.46 7.54 7.58 7.50 7.61 7.58 7.72 7.91 7.94 8. 17 8.27 8.39 8.44 8.36 8.53 8.44 8.57 8.14 8.21 8.39 8.51 8.61 8.63 8.58 8.75 8.67 8.76 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ^ ™ °*YS EARUER ™AN MTE *** PREPARED BY FEDERAL RESERVE BAM< OF ST. LOUIS 7 8 MONEY STOCK ( M2 ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 3275 1990 3233.9 3238.I 3249.4 3252.4 3256.5 3264.8 _ JAN. 3225 3200 3200 3175 3150 3125 3125 3100 3075 2 16 30 13 27 FEB 13 27 MAR 10 24 8 22 5 19 3 17 31 APR 14 28 II AUG 25 9 23 SEP 8 20 4 NOV DEC 18 I 15 29 12 28 12 26 FEB 1990 1989 MAR LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 26, 1990 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 BY FOREIGN BRANCHES OF U.S. BAWS, MONEY MARKET DEPOSIT ACCOUNTS. SAVINGS AND SMALL TIME DEPOSITS, AND GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUn6s. FOR MORE DETAIL, SEE THE H.6 RELEASE. MONEY STOCK (M2) COMPOUNDED ANNUAL RATES OF CHANGE, 2/27/89 5/29/89 7/24/89 8/28/89 3.7 4.5 4.8 5.0 5.3 5.6 5.4 5.8 8. 1 7.8 7.6 7.5 7.7 7. 1 7.5 7.4 7.2 7.2 7.5 6.8 7.2 6.7 7.0 7.4 6.6 7. 1 AVERAGE OF FOUR WEEKS ENDING: 9/25/89 10/23/89 M/27/89 12/25/89 TO THE AVERAGE OF FOUR WEEKS ENDING: 7/24/89 8/28/89 9/25/89 10/23/89 11Z27/89 12/25/89 I/29/90 2/26/90 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7. 1 7.6 6.5 7.2 7.9 6.4 7.3 6.0 7.3 6.7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ALL DEPOSITORY INSTITUTIONS TOTAL TIME DEPOSITS^ LARGE TIME DEPOSITS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 2160 ------------- 1---------- r— 2130 2100 COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR WEEKS ENDING FEBRUARY 26, 1990 FROM THE FOUR WEEKS ENDING: DEC. NOV. OCT. SEP. AUG. MAY FEB. 25, 27, 23, 25, 28, 29, 27, 1989 1989 1989 1989 1989 1989 1989 BILLIONS OF DOLLARS ------ ----------- ----------- 2,60 2130 TOTAL TIME DEPOSITS -1.5 -0.4 0.1 0.1 0.0 1.5 3.8 2100 2070 2040 199Q JAN. 2010 BILLIONS _ 22 2104.9 2103.7 2105.2 2105.0 2105.0 FEB. 2010 1111111111111111 LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 26, 1990 BILLIONS OF -DOLLARS 590 ------------- ,--------- 1— iaaa B ILL IONS OF -DOLLARS ------ ---------------------- 590 billions JAN. 22 — FEB. 5 LARGE TIME DEPOSITS 554.1 551.1 550.8 551.4 550.1 548.4 2 16 30 13 27 13 27 10 24 FEB MAR APR 8 22 5 10 3 17 31 14 28 11 25 AUG SEP 0 23 S 20 NOV 4 18 DEC 1 15 12 26 12 26 FEB MAR LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 26, 1990 1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND 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 BILLIONS OF DOLLARS 5.5 AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS ----------------------------=3 5-5 rz------- 1---------- 1-------1990 JAN. FEB. MAR. MILLIONS 31 851 7 880 14 1072 21 1888 28 1874 7 2059 TOTAL BORROWINGS LATEST DATA PLOTTED WEEK ENDING* MARCH 7, 1990 BILLIONS OF DOLLARS BILLIONS OF DOLLARS IM MILLIONS. 14 21 1< 1659 ADJUSTMENT + SEASONAL BORROWINGS I JAN 15 28 12 26 10 24 FEB 7 21 JUN 5 18 JUL LATEST DATA PLOTTED WEEK ENDING* MARCH 7, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 16 30 15 27 11 25 SEP OCT 8 22 6 20 3 17 31 14 28 14 28 FEB MAR 1990 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS COMMERCIAL PAPER OF NONFINANCIAL COMPANIES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS MS BILLIONS OF DOLLARS ---------------------------- Zl 145 rz--------1---------- 1--------MILLIONS JAN. 24 FEB. 4 18 JAN 7 I 15 FEB 154,171 152,923 137,250 155,780 136,516 156,185 15 29 12 26 10 24 7 21 JUN 5 19 JUL 2 16 90 19 27 II 25 SEP OCT 6 22 6 20 5 17 51 14 28 14 28 FEB MAR LATEST DATA PLOTTED WEEK ENDING* FEBRUARY 28, 1990 * DASHED LINE REPRESENTS DATA USING AN OLD REPORTING PANEL AND IS NOT COMPARABLE TO CURRENT DATA. BUSINESS LOANS^ ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORT ING LARGE COMMERCIAL BANKS 2/ StASONALLY ADJUSTED BILLIONS OF DOLLARS 330 ---------- ,---------- ,-------- BILLIONS OF DOLLARS ------------------------------- 330 COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR WEEKS ENDING FEBRUARY 21 1990 FROM THE FOUR WEEKS ENDING: “ DEC. NOV. OCT. SEP. AUG. MAY FEB. 20, 22, 18, 20, 23, 24, 22, 1989 1989 1969 1989 1989 1989 1989 -3.7 -5.2 -4.2 -3.8 -2.7 1.2 2.4 - JAN. 17 321,015 319,315 FEB. 7 319,836 4 18 JAN 1 15 FEB I 11 I I 15 29 12 26 10 24 7 21 JUN 5 19 JUL 2 16 50 15 27 II 25 SEP OCT 8 22 111.1.1.1. HI 1. I 1 I 6 20 3 17 31 14 28 14 28 FEB MAR LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 21, 1990 1/ BUSINESS LOANS INCLUDE BANKERS' 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 BANK OF ST. LOUIS 11 310 DOLLAR'S TRADE-WEIGHTED EXCHANGE INDEX AVERAGES OF DAILY FIGURES 1973-100 1 18 iffira-IQg. 92.6 92.0 110 106 4 18 JAN I 15 I 15 29 12 26 10 24 FEB 7 21 5 19 2 16 50 19 27 II 25 JUN JUL 1989 SEP 0 22 OCT 6 20 5 17 51 14 28 14 FEB 1990 MAR LATEST DATA PLOTTED WEEK ENDING: MARCH 7, 1990 NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNOR'S H.10 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