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Federal Reserve Bank
of St. Louis

AUGO S

MS. Financial Data
May 17, 1990

THE WEEK'S HIGHLIGHTS:
^

U.S. industrial production fell at a 4.3 percent annual rate in April,
following 6.8 and 11.8 percent rates of increase in March and
February. During the past six months, production has increased
at a 1.9 percent rate.

v*

Housing starts fell 5.8 percent in April to a seasonally adjusted
annual rate of 1,245,000 units, the lowest level since October 1982.
Starts have averaged 1,374,000 units at an annual rate over the
past six months, down 8.2 percent from the same six-month period
a year earlier.

is

Consumer prices rose at a seasonally adjusted annual rate of 1.9
percent in April, but were up at a 6 percent rate from October 1989.
Excluding food and energy, consumer prices were up at a 5.6 percent
rate from October.

t*

Producer prices (PP1) for finished goods fell at a seasonally adjusted
annual rate of 3 percent in April, but were up at a 4.2 percent rate
from last October. Excluding food and energy, the PP1 rose at a 3.3
percent rate over the past six months.

THE
FEDERAL
j resek\e

>£|LV\K.>I

or sr.unis

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

ILL IONS OF DOLLARS
310

294

290

■ 22

3 10

S 17 SI

14 M 12 26

JUN

0 23

0 20

4 18

SEP

JUL

OCT

IS 20 13 27 10 24

7 21

7 21

FEB

MAR

APR

LATEST PLOTTED RESERVE MAINTENANCE PERIOD EfOINBt MAY 16,
THE AOJi

VAULTS UFmm
■■THE uFm
BY THISM
EAWK

DETAILED DE3CR
RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDINGi
5/17/88

8/8/68 10/16/88 11/15/88 12/13/68

1/10/90

2/21/90

3/21/90

9.6
7.8
8.5

9,0
9,6

7.1

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDINGi
10/16/69
11/15/88
12/13/69
1/10/90
2/21/90
3/21/80
4/16/00
5/16/80

3.3
3.1
3.1
4.3
4.6
5.5
5.3
5.7


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

4.4
4. 1
5.9
6.0
7.0
0.6
7.0

2.5
6.2
6.2
7.7
7.1
7.6

8.5
7.5
9,1
8.1
8.5

9.3
10.9
9.2
9.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

-LSSfi

BILLIONS OF DOLLARS
815

BILLIONS

APR.

808.2

805.7
805.5

805

785

775

6 20
MAR

3 17
APR

I

13 29 12 20 10 24

7 21
AUG

4 18
SEP

2 10 30 13 27 11 25
NOV
DEC

8 22

5 19
FEB

3 19
MAR

2 10 30 14 28

LATEST DATA PLOTTED WEEK ENDINGt MAY 7, 1090
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.

DEPOSITJlPANtf*TRAVELERSNCHECKS? °Y THE

PUBUC« DEMAND DEP08ITS* 0THER »«CKABLE

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

5/8/89

8/7/89

10/9/89

11/6/89

12/4/89

0.7
1.7
1 .8
2.8
2.3
3.3
3.3
3.2

4.8
4. 1
5.2
4. 1
5,3
5.0
4.7

4.6
6.3
4.4
6.0
5.5
5.0

5.9
3.4
5.7
5.2
4.7

4. 1
6.9
5.9
5.2

/8/90

2/5/90

3/5/90

7.7
6.0

2.8

TO THE AVERAGE
OF FOUR WEEKS
ENDINGt
10/
11 /
12/
1/
2/
5/
4/
5/

9/89
B/89
4/89
8/90
5/90
5/90
9/90
7/90


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

5.5
4.7
4.1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

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

RATIO
3.0 ---------- 1---------- 1------------- —

1990

Bill 2.

FEB.

IB

AP "•

■§

i:S

30

2.9

RATIO
3.0

2.0A
i:l

2.63

2.8
Ml Ml LTIPLI :r

2.7

2.6

Illl -LLL -LUX. -LLL
3 17

APR

1111 -LLL -LLL ■i.i i.i -LLL -LLL 1111

I 18 28 12 26 10 24
MAY
JUN
JUL

7 21

4 18

AUG

SEP

2 18 30 13 27 II

OCT

NOV

2

ILL -ILL -LL.LL .LLL
10
FEB

DEC

2 16 30 14 2

MAR
1990

APR

MAY

LATEST DATA PLOTTED TWO WEEKS ENDINGt APRIL 30, 1990
IONS OF DOLLARS
234

BILLIONS OF DOLLARS

_
-

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR *EEKS ENDING

— MAY 7.

1990 FROM

THE FOUR WEEKS ENDINGt

226

CURRENCY

199Q

BILLIONS

230.4
230.6
I I 1 1 1 I I I 1 1 I 1 I I 1 1
6 20

3 17

MAR

I

18 28 12 26 10 24

APR

7 21

4 18

AUG

SEP

2 16 30 13 27

NOV

II

DEC

8 22

5

18

FEB

5 18

2 16 30 14 28

MAR

LATEST DATA PLOTTED WEEK ENDINGt MAY 7, 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

214

TOTAL CHECKABLE DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
580 ---------- ,---------- ,--------

1M
APR.

BILLIONS OF DOLLARS
------------------------------- 580

BILLIONS
2

571.2

0 20

3 17

I

MAR

APR

MAY

15 20 12 26 10 24

7 21

JUL
AUG
1989

4 18

2

SEP

LATEST DATA PLOTTED WEEK ENDING* MAY 7.

16 SO 13 27

OCT

NOV

II

25

DEC

8 22

JAN

5 10

5 10

FEB

MAR
1990

2

16 30

APR

14 28

MAY

1990

DEPOSITORY^^NST ITUT?ONS^ ‘S ™E SUM ** DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
5/8/89

AVERAGE OF FOUR WEEKS ENDING:

8/7/89

10/9/89

11/8/89

12/4/89

5.2
4.3
5.3
3.0
4.5
4.0
3.5

4.9
6.4
2.6
4.9
4. 1
3.4

5,5
0.9
4.0
3.3
2.7

0.6
4.9
3.7
2.9

1/8/90

2/5/90

3/5/90

TO THE AVERAGE
OF FOUR WEEKS
END 1NG:
10/
11/
12/
1/
2/
3/
4/
5/

9/89
ft/89
4/89
8/90
5/90
5/90
9/90
7/90

-0.4
0.9
1.0
2.1
0.9
2. 1
2.0
1.8


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

2.4
1.8
1.2

7.0
4.6

0.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

12.0

3 17 31

14 28 12 26

APR

8 23

MAY

7 21

4 18

JUL
AUG
1989

1

15 29 13 27

OCT

10 24

8 22

5 19

2

JAN

NOV

FEB

18

2 16 30 13 27

APR

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* MAY 18,

1990
MAR.

APR.

MAY

2
9
16
23
30
6
13
20
27
4
1 1
18 x
25

II

25

MAY

1990
1990.

90 DAY
CD’S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BOFDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS SK

8.25
8.29
8.42
8.38
8.35
8.37
8.35
8.38
8.53
8.56
8.37
8.29

8.23
8.29
8.35
8.35
8.35
8.34
8.30
8.30
8.35
8.36
8.26
8.22

8.06
8. 10
8.19
8. 18
8. 18
8. 17
8.14
8. 18
8.30
8.29
8.13
8.09

9.26
9.35
9.40
9.39
9.37
9.38
9.38
9.45
9.59
9.62
9.54
9.39

10.20
10.24
10.22
10. 17
10.20
10.22
10. 18
10.29
10.45
10.54
10.49
10.37

7.25
7.25
7.32
7.31
7.33
7.33
7.31
7.39
7.51
7.54
7.39
N. A.

NOTE*
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE.
» AVERAGES OF RATES AVAILABLE
** 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

INTEREST RATES

AVERAGES OF DAILY RATES

PERCENT

11.0

5-Yfe
TREASURY
IRITIES

DISCOUNT RATE

6.0

3 17 31

14 29 12 29

APR

0 23

MAY

7 21

4 10

JUL

AUG

I

IS 20 IS 27 10 24

OCT

0 22

5 10

2 16

JAN

NOV

FEB

2 IS 30 13 27

APR

II

25

MAY

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MAY 18. 1890.

1990
MAR.

2
9
16
23
30
APR.
6
13
20
27
MAY
4
1 1
18 X
25

FEDERAL
FUNDS XX

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL mm

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

8.27
8.28
8.27
8.27
8.26
8.33
8.25
8.27
8.24
8. 12
8.20
8.16

7.76
7.91
7.96
7.93
7.85
7.77
7.78
7.76
7.78
7.85
7.74
7.65

7.70
7.79
7.89
7.92
7.83
7.81
7.80
7.75
7.91
8.03
7.84
7.68

7.58
7.76
7.81
7.76
7.75
7.71
7.70
7.81
7.94
7.94
7.75
7.64

8.44
8.59
8.68
8.60
8.57
8.59
8.60
8.79
9.01
9,01
8.79
8.63

8.67
8.74
8.79
8.65
8.68
8.72
8.72
8.94
9. 13
9. 1 j
8.93
8.75

NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE EXCLUDING LONG-TERM TREASURY
* AVERAGES^RATESnAVAILABLE°MPUTED BY ™,S BANK'
TREASURY SILL YIELDS ARE ONA DISCOUNT BASIS.
Wi 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

MONEY STOCK ( M2 )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

I

MAY

7

3267.2
3272.8
3274.Q
3274.3

S'

X

3275

3250

3271
.

/

z

3225

1111

/

TTTT TTTT

y
y

3200

1111

3225

1

1 1
1

11

BILLIONS

2
9
16
23

r

1990

- APR.
I
_
-

: --------

3275

BILLIONS OF DOLLARS
3300

r

n il

BILLIONS OF DOLLARS
3300
i

1
1 1

3175

1 1

3150

z

3125

3125

z
z

3075
111
6 20

MAR

LLL LI.1L LIT. 1 LLL ILL LLL LI..IL LLL LLL 1111 LLL LLL
3 17
I IS » 12 26 10 24 7 21
4 IS 2 16 SO IS 27 11 25 8 22 S 10 5 19
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
1980
1990

LATEST DATA PLOTTED WEEK ENDINGt MAY 7,

1 1 1 1 LLL
2 16 SO 14 28
APR
MAY

1990

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE
M2
TO .
SMALL _______ _______
_
DETAIL, SEE THE H.6 RELEASE

MONEY STOCK (M2)
COMPOUNDED ANNUAL RATES OF CHANGE,
5/8/89

AVERAGE OF FOUR WEEKS ENDINGt

8/7/89

10/9/89

11/6/89

12/4/89

7.1
7.2
7. 1
6.6
6,9
6.6
6.0

7.5
7.3
6.5
7.0
6.5
5.7

7.2
6. 1
6.8
6.2
5.5

5.8
6.6
6.0
5.1

1/8/90

2/5/90

3/5/90

TO THE AVERAGE
OF FOUR WEEKS
ENDINGt
10/
11/
12/
1/
2/
3/
4/
5/

9/89
6/89
4/89
8/90
5/90
5/90
9/90
7/90

6.3
6.5
6.6
6.6
6.4
6.6
6.4
6.0


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

6.4
5.6
4.6

6.4
4.8

3,0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3100

3075

ALL DEPOSITORY INSTI TUT IONS
TOTAL TIME DEPOSIT Si/
LARGE TIME DEPOSITS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
2170

BILLIONS OF DOLLARS
2170

I—1-------- 1----------- 1-------- 1-----------

1

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
- MAY 7. 1990 FROM
— THE F6UR WEEKS ENDING, ___

1

_

2110

5,
5.
8,
4,
6,
7,
8.

1990
1990
1990
1989
1989
1989
1989

2 MO

-2.
-!.<
-1.’

TOTAL TIME

>EPOS

II II

MAR.
FEB.
JAN.
DEC.
~ NOV,
- AUG.
- MAY

1

“

_

1

“

TS

-1.2

-0.1
-0.
1.,

2110

-""X
'

-

-

i
i
i

1 aa

billhh

i

APR .

2050

2

MAY

111 -LI.I

1111

in -L-LLL -LLL 1 1 1

1111

111

111

_

j 2050

9
IB

*

ml INI

1111 JJ 1

LATEST DATA PLOTTED WEEK ENDING, MAY 7, 1900
BILLIONS OF DOLLARS
590 ---------- ------------------

BILLIONS OF DOLLARS
—i------------- 1---------- 590
1990

BILLIONS

LARGE TIME DEPOSITS

554.7
557.0

8 20
MAR

3 17
APR

I 15
MAY

12
10
7 21
JUN 20 JUL24 AUG
1969

4 18
SEP

2OCT 50 NOV 27 DEC 25 JAN
10
13
11
8 22

8 10
FEB

5 10
MAR
1990

2 10 50 14 28
APR
MAY

LATEST DATA PLOTTED WEEK ENDING, MAY 7, 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 r;---------- 1---------- 1-----1890

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
------ ----------------------ZJ 5*5

MILLIONS
11
18

2014
1750

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK END INGi MAY 16,

1990
BILLIONS OF DOLLARS
2.5

BILLIONS OF DOLLARS

2.0

ADJUSTMENT + SEASONAL
BORROWINGS

1.0

5 19

2 16 90 15 27 11 29
SEP
OCT

8 22

e 20

3 17 31

M M M 28 II 28
FEB
MAR
APR

0 23

LATEST DATA PLOTTED WEEK ENDING* MAY 16, 1990


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0.0

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
160
155
150

-

145

-d{

4

—
-

APR.

140

145.613

140,220

135
130
125
120
115
110
I

13 20 12 20 10 24

7 21
JUN

5 10
JUL

2 10 30 13 27 II 28

LATEST DATA PLOTTED WEEK ENDINGt HAY 0,

0 22

0 20

3 17 31 14 20 14 20 II 23
MAR
APR
FEB

0 23

1000

BUSINESS LOANS u

(COMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
330

BILLIONS OF DOLLARS
330

i

1
1
- COMPOUNDED ANNUAL RATE s
OF CHANGE. AVERAGE OF
L- THE FOUR WEEKS ENDING
MAY 2. I960 FROM
- THEFOUR WEEKS ENDINGt
- FEB. 28,
JAN. 31,
~ JAN. 3,
NOV. 29,
NOV. 1,
_ AUG. 2,
MAY 3,

1990
1990
1990
1989
1989
1989
1989

5.7
3.6
2.1
0.1
-1.3
0.2
2.4

_____> V

A

A

u

rV

/

V

r

1990

/
MAR

111 -LLU-. 1 1 1
APR

BILL IQ

APR.

MAY

s

_L ill

MAY

JUN

111
JUL
IS

“

318

:
314

—

AA
i\

1111 -U_L -U-L 11 U -U-L
AUG

11 25 B 22
OCT
NOV

SEP

0 20
DEC

4
11
18
25

2

322,024
321,957
325,816
322,991
322,794

~
_

\

■iiiimi 20 11111111 i 11 23
3 17 31 14 i 14 28 II 25 0
JAN

FEB

I

MAY

LATEST DATA PLOTTED WEEK ENDINGt MAY 2, 1600
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

DOLLAR'S TRADE-WEIGHTED EXCHANGE
AVERAGES OF DAILY FIGURES

INDEX

1973-100

1973->100
114

1873-100
110
93.5
108

102

98

94

90

5 19

2 16 30 13 27 II 25

SEP

8 22

6 20

3 17 31

OCT

14 28 14 28 11 23

FEB

MAR

9 23

APR

LATEST DATA PLOTTED WEEK ENDING. MAY 18, 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.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0