Full text of U.S. Financial Data : May 22, 1986

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-

RESEARCH LIBRARY
Federal Resarve Bank
oilsl«y^s
MAY 2 7 1930

r 1 lancial Data
May 22, 1986

The money stock, Ml, has grown rapidly over the past 12 months. As the
table below indicates, Ml’s growth rate has also fluctuated substantially dur­
ing this period. The variability in Ml has been in the demand deposit and, to
a lesser extent, other checkable deposit components. Growth rates of curren­
cy, in contrast, have been relatively stable. The rapid money growth from last
spring through early fall was associated with rapid expansions in demand deposits
and other checkable deposits over the period. The subsequent slowing of money
growth from October to February corresponds to a period when demand deposit
growth came to a virtual halt and other checkable deposit growth slowed
somewhat. The recent faster money growth has been associated with a surge
in the growth of demand deposits, which has returned to near its previous rate.

Growth Rates of Ml and Its Major Components
(seasonally adjusted compounded annual rates)
Averages of
four weeks ending

Ml

5/13/85 - 5/12/86

12.6%

7.9%

5/13/85 - 10/7/85
10/7/85 - 2/3/86
2/3/86 - 5/12/86

15.2
7.2
15.4

8.6
8.0
6.6

Currency

Demand
deposits
9.8%
14.0
.9
14.7

Other
checkable
deposits
22.1%
24.0
16.9
25.5

—Richard G. Sheehan

the

i-nu'Kvi.
ARESERVE

Ja llVNKot

ST.IJHLS

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

_

BILLIONS OF DOLLARS
------------------------------- 246

MAR

— APR

19 27 10 24 • 22
MAR
APR
MAY

8 10
JUN

9 17 91 14 20 II
JUL
AUG
SEP
1065

OCT

NOV

DEC

15 29 12 26 12 20
JAN
FEB
1086

9 29

7 21

LATEST PLOTTED RESERVE MAINTENANCE PER 100 ENDINOi MAY 21, 1066
THE AD,
RE3ERVI

rIONS AT FEDERAL
.............. OF ALL

RECENT DATA ARE PRELIMINARY.
AOJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDING
5/22/85

8/28/85 10/23/85 11/20/85 12/18/85

1/15/88

2/26/86

3/26/86

8.5
7.3
8.2

4.7
6.8

7.8

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDINGt
10/23/85
11/20/85
12/18/85
1/15/88
2/28/88
3/26/86
4/23/86
5/21/86

8.4
7.9
8.8
8.0
8.4
8. I
7.8
8.1


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Federal Reserve Bank of St. Louis

5.6
7.7
6.7
7.6
7.3
6.9
7.4

9.6
7.3
8.5
7.8
7.3
7.8

8.4
9.4
8.4
7.7
8.3

7.5
6.8
6.3
7.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
670 c=------- ,------------- 1------

I2M
APR

4 18

BILLIONS OF DOLLARS
----------------------------g 670

BULLIONS
645.9
641.4
645.5
648.5
654.7
656.0

I

15 28 19 27 10 24
MAY
JUN

8 22

5 18

2 18 90 14 28 II 25
OCT
NOV

8 29

6 20

9 17

JAN

FEB

9 17 91

14 28 12 25
APR
MAY

LATEST DATA PLOTTED KEEK ENDING*. MAY 12, 1986
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
OEPollTSE*NDUTR*VELEfi|NCHEaSD BV THE

PUBUC- DE“"® 0EP0SITS’ 0THER CHECKABLE

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE ,
5/13/85

8/12/85 10/14/85 11/11/85

AVERAGE OF FOUR WEEKS ENDING:

12/9/85

1/13/86

2/10/86

3/10/86

5.9
9.1
11.7

13.6
15.8

17.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/14/85
11/11/85
12/ 9/85
1/13/86
2/10/86
3/10/86
4/14/86
5/12/86

14.6
13.5
13.7
13.0
11.6
11.7
1 1 .9
12.6


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Federal Reserve Bank of St. Louis

11.2
12. 1
11.4
9.5
9.9
10.6
11.6

11.2
10.4
7.7
8.7
9.7
11.1

1 1.8
7.9
9.0
10.2
11.8

4.7
7. 1
9. 1
11.1

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
2.653
2.659
2.672
2.680

Ml MULTIPLIER

II 25

8 22

6 20
MAY

3 17
JUN

1 15 29 12 26

I I 1 I
9 23

7 21
OCT

4 18
NOV

2 16 30 13 27 10 24 10 24
JAN
FEB

7 21
APR

5 10
MAY

LATEST DATA PLOTTED TWO WEEKS ENDING* MAY 5, 1986
BILLIONS OF DOLLARS
178

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
—OF CHANGE. AVERAGE OF
THE FOUR *EEKS ENDING
" MAY 12. 1986 FROM
___THE FO&R WEEKS ENDING*
-

MAR.
FEB.
— JAN.
_
DEC.
NOV.
— AUG!
_ MAY

I0t
10,
13,
9,
11,
12,
13,

1986
1986
1986
1985
1985
1985
1985

176
174

7.2
6.7
7.5
7.4
7.1

172
CURRENCY
170
168
166

1986.

BILLIONS
173.9
173.8
174.6
175.1
175.4
175.6

162
160

I I I 1 I 1 I I Ml
19 20 13 27 10 24
MAY
JUN

8 22

9 10

2 18 30 14 28 II 29
OCT
NOV

0 23

6 20
JAN

3 17
FEB

3 17 31 14
APR

MAY

LATEST DATA PLOTTED WEEK ENDING* MAY 12, 1986
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

164

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TOTAL CHECKABLE DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
480

BILLIONS
465.9
461.4
464.8
467.3
473.2

-

470

430

420

-

I I I I
19 27

MAY

10 24

8 22

5 IS

2 18 90 14 28 11

JUN

OCT

25

0 29

8 20

9 17

9 17 91

NOV

14 28 12 28

APR

MAY

LATEST DATA PLOTTED MEEK ENDING) MAY 12, 1986
DEPOSITORY*^NSTITUT?ONS^ *S THE SUM ** DEMAND DEP0SITS

0THER CHECKABLE DEPOSITS AT ALL

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE ,
5/13/85

8/12/85 10/14/85 11/11/85

AVERAGE OF FOUR WEEKS ENDING:
2/9/85

1/13/86

2/10/86

5.2
9.5
13.3

16.4
19.4

3/10/86

TO THE AVERAGE
OF FOUR WEEKS
ENDING*.
10/14/85
11/11/85
12/ 9/85
1/13/86
2/10/86
3/10/86
4/14/86
5/12/86

17.1
15.4
15.9
15.0
12.9
13.1
13.5
14.5


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Federal Reserve Bank of St. Louis

12.5
14.0
13.2
10.2
1 1 .0
11.8
13.2

12.6
11.7
7.6
9.2
10.6
12.6

14. 1
8.0
9 8
11.4
13.6

3.4
7.1
9.7
12.6

21.1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

410

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT
13.0

CORPORATE
Aaa BONDS

PRIME BANK
LOAN 'RATE

MUNICIPAL
BONDS
90 DAY

RCIAL

5

JUN

19

2

18 30 13 27

JUL
1985

SEP

11

25

S 22

6 20

3

OCT

17 31

14 28 14 28 11

FEB

MAR
1986

25

0 23

APR

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING*. MAY 23. 1986.

1986
MAR.

APR.

MAY

7
M
21
28
4
1 1
18
25
2
9
16
23 X
30

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
AAA BONDS

CORPORATE
BAA BONDS

MUNICIPAL
BONDS XX

7.46
7. 19
7. 17
7. 16
7.02
6.62
6.44
6.47
6.56
6.53
6.64
6.77

7.52
7.20
7.22
7.25
7.22
6.83
6.57
6.57
6.67
6.66
6.73
6.77

7.29
7.08
7.05
7.03
6.82
6.48
6.32
6.47
6.47
6.41
6.59
6.67

9.08
8.98
9.03
8.94
8.74
8.75
8.66
8.90
8.97
8.98
9. 12
9. 19

10.59
10.50
10.50
10.42
10.28
10.24
10. 13
10. 13
10.20
10. 16
10.29
10.37

6.88
6.89
7.34
7.21
7.15
7.25
7. 16
7.22
7.33
7.36
7.53
N. A.

NOTE*
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE.
X AVERAGES OF RATES AVAILABLE
XX BOND BUYER'S AVERAGE IM)EX OF 20 MUNICIPAL BOWS, THURSDAY DATA
N.A. - NOT AVAILABLE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES

PERCENT
12.0 r—

PERCENT
—

TREASURY SECURITIES

RATE

DISCOUNT RATE

TREASUf

I

15 20

12 25 10 24

7 21

5 10

JUN

JUL

2 16 SO 13 27

SEP

II

25

8 22

5 20

3 17 31

OCT

14 28 14 28 11

25

MAR

APR

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MAY 23,

1986.

1986
MAR.

APR.

MAY

7
14
21
28
4
1 1
18
25
2
9
16
23 *
30

FEB

0 23

FEDERAL
FUNDS**

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL XX*

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

7.89
7.52
7.47
7.25
7.39
7.05
6.97
6.92
6.88
6.87
6.82
6.87

6.79
6.59
6.49
6.39
6.31
6.07
5.84
6.03
6. 1 1
6.05
6.14
6.21

6.87
6.54
6.55
6.43
6.32
6. 17
5.93
5.87
6. 14
6.09
6. 10
6.28

6.76
6.59
6.57
6.46
6.27
6.03
5.85
6.08
6. 17
6. 10
6.24
6.34

7.66
7.40
7.46
7.36
7.22
7.04
6.80
7. 10
7.21
7.19
7.58
7.84

8.35
8. 17
8.20
8.01
7.66
7.62
7.42
7.70
7.81
7.80
8. 10
8.29

NOTE:
OF GOVERNORS' H. 15 RELEASE EXCLUDING LONG-TERM TREASURY
* AVERAGES^^RATE^AVAIL^LE0^0™ BY ™,S BANK‘
TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS.
*S*SAUCT7oNYAVERAGEEfDISCOUNT*)


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Federal Reserve Bank of St. Louis

™° DAYS EARUER ™*N °ATE SH0WN

PREPARED BY FEDERAL RESERVE BAfK OF ST. LOUIS

7

12.0

8
COMMERCIAL BANK
SMALL TIME DEPOSITS 1/
LARGE TIME DEPOSITS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

”
MA Y

389.1
387.8
387.8
387.5
386.5
385.5

1

1

_

01LLU

7
14
21
28
5
12

1

1986
APR.

1

“
-

ILL IONS OF DOLLARS
415

II II

BILLIONS OF DOLLARS
415 ---------- 1------------- 1----------

395
SMALL TIME 1 IEPOSI TS

:

385

585
j
-

1

J

i i.i i... 1 1 1

111 XLLL _LLL

1I.U-

111

n i

-LLLLj L1.1. 1 II- 1 1 1 1

1 1 1

M il

1"

375
1

375

LATEST DATA PLOTTED KEEK ENDING: MAY 12, I960
BILLIONS OF DOLLARS
-------------------- ----------- 295

BILLIONS OF DOLLARS
295 ---------- 1------------- 1----- 1986
APR.

BILLIONS
7

287.3
287.9
287.4
285.8

LARGE TIME DEPOSITS

4 18

I

19 20 13 27 10 24

MAY

8 22

9 19

2 16 90 14 28 II

29

0 23

JUN

LATEST DATA PLOTTED KEEK ENDING: MAY 12,

6 20
JAN

3 17
FEB

3 17 31

14 28 12 26

APR

MAY

1988

1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000
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. LOUI8

COMMERCIAL BANK
TOTAL TIME DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILLIONS
_ APR
801 .7
800.5
797.9
796.4

4 18

I

IS 28 IS 27 10 24

MAY

8 22

S 18

2 16 SO 14 28 II 25

JUN

OCT

8 23

NOV

8

3 17

JAN

FEB

3 17 31

14 28 12 28

APR

MAY

LATEST DATA PLOTTED WEEK ENDING: MAY 12. 1086
TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS. SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE ,
5/13/85

8/12/85 10/14/85 11/11/85

AVERAGE OF FOUR WEEKS ENDING:

12/0/85

1/13/86

15.2
9.6
6.5
4.4

7.9
4.4
2.2

2/10/86

3/10/86

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/14/85
11/11/85
12/ 0/85
1/13/86
2/10/86
3/10/86
4/14/86
5/12/86

-0.3
0.2
0.9
2.5
4. 1
3.5
3.0
2.4


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

4.4
4.7
6.4
8.2
6.8
5.6
4.5

4.5
7.5
10.0
7.6
5.9
4.4

9.4
12.1
8.7
6.4
4.6

-1.4
-2.4

-2.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

ILL IONS OF DOLLARS
-i------------- 1---------- 6.0

30

1057

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDINOt MAY 21, 1986
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

ADJUSTMENT + SEASONAL
BORROWINGS

e 20

9 17

I

18 20 12 26 10 24

7 21
AUG

4 IS
SEP

2 16 90 13 27 II 28
NOV
DEC

8 22

8 10
FEB

8 10
MAR

2 16

14 26

LATEST DATA PLOTTED WEEK ENDINO, MAY 21, 1088
1/ 83.767 FOR 11/27/85


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

APR.

BILLIONS OF DOLLARS

0

82,10;

8 20
MAR

S 17
APR

1

15 29 12 28 10 24

7 21
AUG

4 IS
SEP

LATEST DATA PLOTTED WEEK ENDINGt MAY 14,

2 IS 50 15 27 II 25
NOV
DEC

S 22

5 19

5 19

2 16 50 14 28

1086

BUSINESS LOANS y
( COMMERCIAL AND

INDUSTRIAL )

WEEKLY REPORT ING LARGE COMMERCIAL BANKS V
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
265 ---------- 1---------- ,---------

ILL IONS OF DOLLARS
—1------------- ----------- 265

COMPOUNDED ANNUAL RATES
- OF CHANGE. AVERAGE OF
THE FOUR 4EEKS ENDING
_ MAY 7. 1966 FROM
THE FOUR WEEKS ENDINGt
- MAR.
FEB.
_ JAN.
DEC.
NOV.
- AUG.
MAY

5,
5,
8f
4,
6,
7,
8,

1986
1966
1986
1985
1985
1985
1985

5.9
8.3
6.7
5.8
6.6
3.6‘
2.4

MILLIONS
APR.

2
261,800
261,091

8 20
MAR

5 17
APR

I 15 29 12 20 10 24
MAY
JUN
JUL

7 21
AUG

4 IS
SEP

2 IS 30 15 27 11 25
NOV
DEC

S 22

1985
LATEST DATA PLOTTED WEEK ENDINGt MAY 7,

i 1 11 111 I I I I I I I
5 19
FEB

5 19
MAR
1986

2 16 30 14 26

1986

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN SI.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11