Full text of U.S. Financial Data : May 21, 1987

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RESEARCH LIBRARY

“tCJCni lancial Data
MAY 2 7 1387

May 21, 1987

*

THE WEEK'S HIGHLIGHTS:
is

The 6-month Treasury bill rate increased 60 basis points during the
week ending May 22, more than six times the nine basis-point
increase in the 3-month T-bill rate.

s

Most large commercial banks raised their prime lending rate on May
15 from 8 percent to 8.25 percent.

s

Producer prices of finished goods rose at an annual rate of 8.9 percent
in April, the largest increase since October 1985. This brings the
annual growth rate of the producer price index to 5.1 percent thus
far in 1987.

s

Housing starts declined by 2.9 percent during April, while the March
figure was revised to -4.8 percent from the previously reported -3.2
percent.

s

Industrial production declined at an annual rate of 4.6 percent in
April, and the capacity utilization rate was reported at 78.9 percent,
down from a revised 79.3 percent figure in March.

HANK ill

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
—1------------- ----------- 268

268 ----- ,------ r—

-1987
MAR.

12 26

MAR

BILLIONS
II

0 23

APR

261.0
260.0
261 . I
262.0
263.9
263.2

7 21

4

MAY

JUN

18

2 16 SO 19 27

JUL

AUG
1986

10 24

SEP

8 22

OCT

9 18

9 17 91

NOV

DEC

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDINGt MAY 20,

14 28 11

JAN

25

FEB

11

25

MAR
1987

8 22

APR

6 20

MAY

1987

®ASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL
RISEWyi.iANKSr.CyRRENCY I N CIRCULAT I ON j_CJJRRENCY_HELD_BY_THERPlJBU C^AND_ IN THE VAULTS_OF ALL
DEPOSITORYJ N$J I TUT IONS.)_AND. AN ADJUSTMENT_ FOR. Rj1ESERVE REOUIREM
.. RATIO CHANGES.
THE MAJOR
SOURCE OF THE ADJUSTED MONETARY BASE is FEDERAL_________________
W1M, BY THIS
RESERVE CREDIT. ____
DATA____
ARE COMPUTED
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 ENDINGt
5/21/86

8/13/86 10/22/86 11/19/86 12/17/86

1/14/87

2/25/87

6.9
6.5

5.9

3/25/87

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING.
10/22/86
11/19/86
12/17/86
1/14/87
2/25/87
3/25/87
4/22/87
5/20/87

8.2
9. 1
9.2
9.8
9.5
9. 1
8.9
9.0


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Federal Reserve Bank of St. Louis

9.8
9.8
10.7
9.9
9.5
9.0
9.2

12.0
12.9
11.0
10.1
9.4
9.5

12.2
10.0
9.2
8.5
8.8

10.2
9.0
8.3
8.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUS ItU

BILLIONS OF DOLLARS
780 ------------- |---------- 1------

BILLIONS OF DOLLARS
------------------------------- 780

BILLIONS
740.0
742.2
756.7
758.0
749.0
750.6

3 17 31

14 28 12 26
APR
MAY

B 23

7 21
JUL

OCT

AUG

JAN

NOV

APR

FEB

MAY

LATEST DATA PLOTTED WEEK ENDINGt MAY II, 1987
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
Ml IS THE SUM OF CURRENCY HELD BY THE NONBANK PUBLIC, DEMAND DEPOSITS, OTHER CHECKABLE
DEPOSITS AND TRAVELERS CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING*
5/12/86

8/11/86 10/13/86

1/10/86

12/8/86

1/12/87

2/9/87

31.7
17.2
15. 1
12.3
14.2

13.9
12.2
9.6
12.4

-1.1
0.5
5.9

5.6
11.4

3/9/87

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/13/86
11/10/86
12/ 8/86
1/12/87
2/ 9/87
3/ 9/87
4/13/87
5/11/87

16.2
16.5
17.6
20.2
16.7
15.9
14.5
15.3


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

15. 1
17.4
21.6
16. 1
15. 1
13.3
14.5

21.3
27.2
17.3
15.6
13. 1
14.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

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

RATIO

1967
FEB.
MAR.
APR.
MAY

23
9
23
6
20
4

RATIO
3.0

RATIO
2.846
2.83!
2.849
2.833
2.861
2.857

Ml MULTIPLIER

2.7

l-LL.I I I I I
APR

I I I I I I I I
26

MAY

JUL

AUG

OCT

LATEST DATA PLOTTED TWO WEEKS END;MGi MAY 4,

NOV

JAN

9 23

9 23

FEB

6 20

4

APR

MAY

!

1987

BILLIONS OF DOLLARS
192 ------------- 1---------- 1------

BILLIONS OF DOLLARS
-------- ---------- ------------192

- COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
“ THE FOUR te(S ENDING
—MAY 11
I9P7 PROM
.
_ THE FOUR WEEKS ENDING.
_

FEB.

“DEC.
AUG.

9,
9,
2,
8

1987
1987
1987

6.7
6.6
CURRENCY

11

1961
APR.

BILLIONS
6

187.7
188.6
189.3
139.3
189.9
11 1 I I 1 I I I

MAR

APR

MAY

JUN

JUL

AUG

SEP

\a

OCT

NOV

1986
LATEST DATA PLOTTED WEEK ENDING. MAY 11,

JAN

FEB

2

16 30 IS 27

APR

II

25

MAY

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

TOTAL CHECKABLE DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUS ItU

BILLIONS OF DOLLARS
575 ------------- .---------- r—

BILLIONS OF DOLLARS
------------------------------- 575

BILLIONS
545.4
546.8
560.5
561 .8
552.5
553.9

3 17
MAR

31

14 28 12 26 9 23
APR
MAY
JUN

7 21
4 18
JUL
AUG
1986

I 15
SEP

29 13 27 10 24
OCT

8 22

NOV

5 19
JAN

2 16
FEB

2 16 30 13 27 II 25
APR
MAY

LATEST DATA PLOTTED WEEK ENDINGi MAY II, 1987
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,
5/12/86

8/11/86 10/13/86 11/10/86

AVERAGE OF FOUR WEEKS ENDING:

12/8/86

1/12/87

14.2
12.7
9.8
13.5

-5.3
-2.3
4.8

2/9/87

3/9/87

5.6
12.9

14.6

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/13/86
11/10/86
12/ 8/86
1/12/87
2/ 9/87
3/ 9/87
4/13/87
5/11/87

19.7
19.8
21.4
25.0
19.7
18.7
16.9
18.0


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

17.8
21.1
26.9
18.7
17.4
15. 1
16.7

26.2
34.5
19.7
17.7
14.6
16.7

41 .3
19.6
17.0
13.6
16.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6
YIELDS ON SELECTED SECURITIES
percent

averages

of

daily

rates

90 DAY

T 21
MAR

4 10
APR

2 10 90 IS 27 II 29
JUN
JUL

0 22

S 19

9 17 91 14 20 12 20
NOV
DEC

0 29

0 20
FEB

0 20
MAR

9 17
APR

I

IS 20

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* MAY 22, 1987.

1987
MAR.

6
13
20
27
APR.
3
10
17
24
MAY
1
8
15
22 X
29

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS*
ACCEPTANCES

CORPORATE
Aaa BONDS

6. 10
6. 15
6. 16
6.22
6.30
6.30
6.65
6.58
6.78
6.85
6.89
7.21

6. 12
6.20
6.21
6.29
6.30
6.23
6.50
6.39
6.59
6.76
6.78
6.95

5.98
6.08
6.10
6. 18
6.21
6.23
6.52
6.49
6.70
6.77
6.84
7.14

8.34
8.36
8.36
8.36
8.50
8.56
8.82
9.07
9.21
9.21
9.25
9.42

ieflfivgT*

board

GovE,,NoRs,

h-,s

CORPORATE
Baa BONDS
9.60
9.61
9.58
9.62
9.72
9.77
10.05
10.23
10.37
10.45
10.45
10.54

MUNICIPAL
BONDS am
6.54
6.61
6.68
6.79
6.93
7.27
7.90
7.82
7.85
7.86
7.82
N. A.

release-

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 BAM OF ST. LOUIS

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES

PERCENT

PERCENT

11.0

•DERAL
JDS RATE
9.0

treasury'-u

I TIES

7.0

-~A
DISCOUNT RATE

MAR

APR

MAY

JUN

JUL

AUG
1986

SEP

OCT

NOV

DEC

JAN

FEB

MAR
1987

APR

MAY

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt MAY 22, 1987.

1987
MAR.

APR.

MAY

6
13
20
27
3
10
17
24
1
8
15
22 *
29

FEDERAL
FUNDS mu

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL KKM

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

6.06
6.12
6.08
6.14
6.21
6.13
6.41
6.26
6.50
7.30
6.75
6.77

5.54
5.66
5.55
5.60
5.56
5.62
5.00
5.54
5.69
5.61
5.69
5.78

5.51
5.59
5.58
5.55
5.80
5.63
6.08
6.00
6.14
6. 16
5.74
6.34

5.61
5.72
5.64
5.71
5.81
5.87
6. 19
6.24
6.31
6.39
6.54
6.76

6.71
6.77
6.76
6.83
7.09
7.24
7.68
7.83
7.92
8.09
8.24
8.49

7.58
7.63
7.61
7.67
7.94
8.06
8.43
8.62
8.63
8.73
8.82
9. 10

NOTEt
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.I5 RELEASE EXCLUDING LONG-TERM TREASURY
SECURITIES WHICH ARE COMPUTED BY THIS BANK. TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS.
* AVERAGES OF RATES AVAILABLE
** SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN
«Bi AUCTION 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 DEPOS I TS 1/
LARGE TIME DEPOS I TS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
410

BILLIONS OF DOLLARS
410
1

128L BILLIONS
27
4
11

357.
356.7
356.!

1

MAY

1

-

1

358.3
358.2

1

6
13

1

APR.

1

_

1

-

SMALL TIME

1111

390

5EP0SI TS

IN I

-

TTTT

-

iLLL in

111

III! -ILL- ■l.i

i

-LIU

in

111

INI

1 1 1

1 1 1

1 1 1 1

370

III _lll!

LATEST DATA PLOTTED WEEK ENDINGt MAY II, 1987
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
315

-

20
27
4
11

MAY

BILLIONS

11

13SL
APR.
6

ii

-

1

_---------- 1---------- 1---------- 1-------------

302.9
305.­
307.
309.
310.

2

I

i

J

,

S _____ S

5r~

i i

290
2

SMII

111

1 1 1

APR

MAY

1111

111

111 .1111

JUL
AUG
1986

r

TIME 5EP0S TS

SEP

LATEST DATA PLOTTED WEEK ENDINGt MAY 11,

1 1 1

1 1 1

OCT

NOV

1 1 1 1
8 22
DEC

_

—
jT T T T

/
r
y

2
290
2

1 1 1
S
JAN

111 i 1 LLI
1 1 1 _LLL
2 16 2 16 30 13 27 II 25
FEB
MAR
APR
MAY
1987

1087

1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 6100,000
2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 6100,000 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

BILLIONS OF DOLLARS
845

BILLIONS.
840
835. 1
834.6
839.3
840.9

820

Mil
3 IT 31

14 28 12 26
APR

0 23

MAY

7 21

4 18

JUL

AUG

I

15

29

IS 27 10 24
OCT
NOV

8 22

5 IS

2 16

JAN

FEB

1986

APR

MAY

1987

LATEST DATA PLOTTED WEEK ENDINGi MAY 11,

1987

TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE ,
5/12/86

8/11/86 10/13/86 11/10/86

AVERAGE OF FOUR WEEKS ENDING:

12/8/86

1/12/87

2/9/87

3/9/87

10. 1
9.0
8.9
9.4

6.7
7.4
8.4

7.6
8.8

9.8

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/13/86
SI/10/86
12/ 8/86
1/12/87
2/ 9/67
3/ 9/87
4/13/87
5/11/87

-0.6
-0.5
0. 1
1.8
2.3
2.7
3.3
3.9


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

0.5
1.3
3.8
4.3
4.6
5. 1
5.8

1.9
5.9
6.2
6.2
6.7
7.3

8.8
8.2
7.8
8.0
8.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

22

1219

6

2021

BILLIONS OF DOLLARS

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDING. MAY 20, 1987
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
1987

2.0

------MAY

MILLIONS

6

1759
ADJUSTMENT + SEASONAL
BORROWINGS

5 19

2 16 SO 14 28 II

MAY

JUN

25

9 23

6

3 17

AUG

SEP

I

15 29 12 26 10 24

7 21

4

JAN

FEB

16

4 16

I

15 29 13 27

MAR

LATEST DATA PLOTTED WEEK ENDING. MAY 20, 1987


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

MILLIONS
APR.

“ MAY

5 19

8

75,046
76,706
70,343

6

81,800
81,854

2 16 SO 14 28 II 25
MAY
JUN

9 23

6 20
AUG
1986

3 17
SEP

I I I I
I IS 29 12 26 10 24

7 21
JAN

4 18
FEB

4 18
MAR
1987

I

IS 29 IS 27

LATEST DATA PLOTTED WEEK ENDING. MAY 13, 1987

BUSINESS LOANS
( COMMERCIAL

AND

^

INDUSTRIAL )

WEEKLY REPORT ING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

_ COMPOUNDED ANNUAL RATES
_ OF CHANGE. AVERAGE OF
THE FOUR llKEEKS ENDING
~ MAY 6. 1087 FROM
— THE FOUR WEEKS ENDING. *
- FEB.
— DEC,

4,
4,
7,
3,
5,
6,
7,

1987
1987
1987
1986
1986
1986
1986

-9.4
-3.5

MILLIONS
APR.

I

278,173
277,769
279,372
279,502
276,506

5 19

2 16 SO 14 28 II 25
MAY
JUN

9 23

6 20
AUG

I I I 1 I I I I I I 1 I I I II
4 18 4 18 I 15 29 13 27
FEB
MAR

S 17
SEP

LATEST DATA PLOTTED WEEK ENDING. MAY 6,

1987

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 61.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11