Full text of U.S. Financial Data : May 24, 1990

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

1 research
of St. Louis

AUG08O°.S. Financial Data
May 24, 1990

THE WEEK'S HIGHLIGHTS:
^

The growth rate of real GNP in the first quarter was revised
downward to 1.3 percent from the 2.1 percent annual rate estimated
last month. Since the first quarter of 1989, real GNP has risen
2 percent.

v*

Inflation in the first quarter, as measured by the GNP implicit price
deflator, advanced at an unrevised annual rate of 5.7 percent,
compared with an increase of 4 percent for the same period last year.

^

The U.S. government budget showed a surplus of $42.5 billion in
April, somewhat offsetting the $53.3 billion deficit recorded in
March. For the first seven months of fiscal 1990, the deficit has
totaled $108.3 billion, compared with $87.9 billion for the same
period in fiscal 1989.

s

The after-tax profits of U.S. corporations rose at a 0.8 percent annual
rate in the first quarter, down from an 11.8 percent increase in the
fourth quarter.

expressed do not necessarily reflect official positions of the Federal Reserve system.
Digitized forviews
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
310 ---------- 1------------- ,-----

_

BILLIONS OF DOLLARS
------------------- ----------- 310

301.4
304.2
302. 1
305.1
305.9
306.0

MAY

11.1 1 I I I
S 18

APR

S

17 91

MAY

M 28 12 20

JUN

JUL

8 29

AUG

0 20

4 18

1

SEP

OCT

NOV

18 28

19 27

DEC

10 24

7 21

JAN

FEB

4

MAR

1989

18

APR

2

10 90 19 27

MAY

|©go

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING. MAY 16,

1990

BaWfiApffiVM&a? bmpif

BAM<.

A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE FROM THIS BANKH

RECENT DATA ARE PRELIMINARY.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDING
5/17/89

8/9/89 10/18/89 ll/IS/89 12/13/89

/10/90

2/21/90

3/21/90

9.0
9,6

7. 1

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING.
10/18/89
11/15/89
12/13/89
1/10/90
2/21/90
3/21/90
4/18/90
5/16/90

3.3
3. 1
3. 1
4.3
4.6
5.5
5.3
5.7

4.4
4. 1
5.9
6.0
7.0
6.6
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

9.6
7.8
8.5

i


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILLIONS
806.3
810.7
805.8
805.7
806.1
802.9

1 I 1 1 I II 1
3 17

1

15 29 12 26 10 24

7 21

AUG

4

18

SEP

2 16 30 NOV
13 27 DEC
11 25

LATEST DATA PLOTTED WEEK ENDING. MAY 14,

6 22

5 19
FEB

5 19
MAR

2 16 30 14 28

11

25

1990

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,
5/15/89

AVERAGE OF FOUR WEEKS ENDING:

8/14/89 10/16/89 11/13/89 12/11/89

1/15/90

2/12/90

3/12/90

5.8
5.5
3.2

8.5
4.5

0.9

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/16/89
11/13/89
12/11/89
1/15/90
2/12/90
3/12/90
4/16/90
5/14/90

1.5
1 .8
2. 1
3.0
2.6
3.5
3.7
3. 1


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

4.3
4.4
5.3
4.3
5.4
5.3
4.3

3.8
5.5
3.9
5.6
5.5
4.2

6.6
4.2
6.3
5.9
4.4

4. 1
6.8
6.3
4.3

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—1-------------1990
MAR.
APR.
MA Y

RATIO
3.0

RATIO

5
19
2
18
30
14

2.674
2.639
2.671
IS 41
2.630

2.8

2.8
Ml MUL TIPLI :r
k

>-----

2.6

2.6

sm

11 -LIU X1..1 XLL -LU-I ■ III _u_l!

1111

111

1111

111

111

i m

111

i

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

19

APR

JAN

FEB

1089

8 19

2 10 90 14 28 11

MAR
APR
1900

MAY

28

JUN

LATEST DATA PLOTTED TWO WEEKS ENDlNGt MAY 14, 1990
BILLIONS OF DOLLARS
236 ---------- .------------- r—

BILLIONS OF DOLLARS
------------------------------- 236

_ COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
- THE FOUR WEEKS ENDING
— MAY 14. 1990 FROM
.
_ THE FOUR WEEKS ENDING*
2,

2,

— DEC.

5,
I,
3,
4,
5,

1990
1990
1990
1989
1989
1989
1989

8.7
9.4
10.6
10.9
9.6
7.6
6.7

'

CURRENCY

laSQ

SJLLIONS

230! 8

230.8
11111111111
9 17

I

APR

MAY

19 29 12 26

JUN

10 24

JUL

7 21

4 18

AUG

SEP

2 16 90 19 27

OCT

NOV

II

28

8 22

DEC

8

19

FEB

8 19

MAR

2 16 90 14 28 II 29

MAY

JUN

1989
LATEST DATA PLOTTED WEEK ENDING* MAY 14,

1990

1/ RATIO Of MONET STOCK [Ml I TO ADJUSTED MONETARY BASE
2/ CURRENT DATA APPEAR IN THE BOARD OF QOVERNORS' H.B 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

BILLIONS OF DOLLARS

BILLIONS
569.6
572.7
567.9
566.9
567.9
564.5

I

19 20 12 20 10 24

7 21

4 IS

AUG

SEP

2

10 SO 13 27

NOV

LATEST DATA PLOTTED WEEK ENDINGt MAY 14,

II

29

8 22

DEC

9 10

9 10

FEB

MAR

2

10 SO 14 20 II

MAY

29

JUN

1990

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 ENDINGt
5/15/89

8/14/89 10/18/89 11/13/89 12/11/89

1/15/90

2/12/90

3/12/90

TO THE AVERAGE
OF FOUR WEEKS
ENDINGt
10/16/89
11/13/89
12/11/89
1/15/90
2/12/90
3/12/90
4/16/90
5/14/90

0.8
1.0
1.5
2.3
1.3
2.5
2.5
1 .6


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

4.5
4.7
5.1
3.2
4.6
4.3
3.0

3.7
4.9
2.0
4.3
3.9
2.3

6.0
1.9
4.7
4.2
2.3

0.5
4.6
4. 1
1.8

3.3
3.0
0.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

12.0 r—

7 21

5 18

APR

MAY

2 16 30

M 28 II

JUL

25

8 22

AUG

0 20

3

OCT

NOV

17

I

15 28

12 26

JAN

8 23

FEB

9 23

6 20

4

APR

MAY

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. MAY 25,

1990

13 28

1980.

30-DAY
COtACRCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS KX

8.37
8.35
8.38
8.53
8.56
8737
8.29
8.30

8.34
8.30
8.30
8.35
8.36
8.26
8.21
8.20

8. 17
8. 14
8. 18
8.30
8.29
8. 13
8.09
8.07

9.38
9.38
9.45
9.59
9.62
9.54
9.39
9.39

10.22
10. 18
10.29
10.45
10.54
10.49
10.36
10.37

7.33
7.31
7.39
7.51
7.54
7.39
7.29

6
13
20
27
MAY
4
1 1
18
25 K
JUNE
1
8
15
22
29

SKbSHTm
bond

I

90 DAY
CD’S

APR,

**

18

available

TrtL

board

N.A.

80VERN0RS' H-l! RELEASE­

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

5-Y
TREASURY S

PERCENT

IRITIES

TREASl IY BILL
DISCOUNT RATE

7 21

5 10

APR

MAY

2

10 90 14 20 II

25

8 22

6 20

9

OCT

NOV

17

1

15 29 12 20

JAN

0 29

FEB

9 29

0 20

4

APR

MAY

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt MAY 25,

1990
APR.

6
13
20
27
MAY
4
11
18
25 X
JUNE
1
8
15
22
29

18

1

15 29

1990.

FEDERAL
FUNDSJW

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL «**

l-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

8.33
8.25
8.27
8.24
8. 12
8.20
8. 16
8.22

7.77
7.78
7.76
7.78
7.85
7.74
7.67
7.71

7.81
7.80
7.75
7.91
8.03
7.84
7.68
7.79

7.71
7.70
7.81
7.94
7.94
7.75
7.66
7.65

8.59
8.60
8.79
9.01
9.01
8.79
8.67
8.67

8.72
8.72
8.94
9.13
9. 1 1
8.93
8.70
8.77

NOTE.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE EXCLUDING LONG-TERM TREASURY
SECURITIES WHICH ARE COMPUTED BY THIS BANK.
TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS.
« AVERAGES OF RATES AVAILABLE
mu SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN
*K* 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

BILLIONS OF DOLLARS

_ APR.

ILL IONS OF DOLLARS
3300

3272.6
3273.8

3266.5

3175

3100

3 17

I

19 20 12 20 10 24

7 21

4 18

AUG

SEP

2

LATEST DATA PLOTTED WEEK ENDINGt MAY M,

16 30 19 27 II 29
NOV
DEC

8 22

9 10
FEB

9 10
MAR

2

18 30 14 28 II

MAY

29

JUN

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._RESIDENTSBY FOREIGN BRANCHES OF U.S. BANKS, MONEY MARKET DEPOSIT ACCOUNTS, SAVINGS AND
SMALL TIM| DEPOSITS, ANDglNERAI. PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUN6s.
FOR MORE

MONEY STOCK ( M2 )
COMPOUNDED ANNUAL RATES OF CHANGE,
5/15/89

AVERAGE OF FOUR WEEKS ENDING:

8/14/89 10/16/89 11/13/89 12/11/89

1/15/90

2/12/90

3/12/90

6.9
5.7
4.2

5.7
3.8

1.9

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/10/89
11/13/89
12/11/89
1/15/90
2/12/90
3/12/90
4/16/90
5/14/90

6.8
6.8
7.0
6.8
6.7
6.8
6.5
6.0


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

6.9
7. 1
6.9
6.7
6.9
6.4
5.7

7.4
6.8
6.5
6.9
6.3
5.4

6.9
6.5
6.9
6.1
5.1

5.8
6.6
5.8
4.6

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
2190

_

R.
B.
N.
C.
V.

12,
12,
15,
11.
13,

1990
1990
1990
1989
1989

-2.3
-1.6
-1.7
-1.5
-0.9

Y*

15)

1989

f.O

-

l l

TOTAL TIME DEPOSI TS

i

i

I l

i

i

|

i

i

i

i

2160

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
MAY 14. 1990 FROM

|

-

TTTT

BILLIONS OF DOLLARS
2190 “—1------------1------------1----------- 1—

—V,

2100

<■—
-

B ILLIO NS

1990

■ in

111

1 ILL 1 1 1

-U 1

1 1 1 1

LATEST DATA PLOTTED WEEK ENDING-. MAY 14,

111

1 1 1

1 1 1 1

111

APFt.

9

2099.

MAY

23
30
7
14

2096.7
2092.6
2096.8
2097.4

“
—
“
-

1111n.u 1 mlu-L

1990
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
1830.

aiLLim
539.5
537.9
534.7
537.0
536.5

LARGE TIME DEPOSITS

I I I I
3 17

1

IS 29 12 26 10 24

7 21

AUG
1989

4 18

2

18 30 13 27 11

SEP

LATEST DATA PLOTTED WEEK ENDING. MAY 14,

NOV

29

8 22

DEC

9 19

S 19

FEB

MAR

2

18 30

14 28 11 23

MAY

JUN

1990

1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TlfcE DEPOSITS.
2/ TIME DEPOSITS

2070

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
4.5 r----------,---------------i-----1900
APR.
MAY

16
25
2
9
16
23

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
---------------------- --------- -i 4.5

MILLIONS
1750
1321
969
869
1082
1363

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDINGi MAY 23,

1990

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

1M

MILLIONS
-

ADJUSTMENT + SEASONAL
BORROWINGS

3

IT si

M 21 12 26
JUN
JUL

9 23

6 20

4 16

LATEST DATA PLOTTED WEEK ENDING; MAY 23,


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

I

15 29 IS 27 10 24

7 21
FEB

7 21
MAR

4 IS
APR

2

16 30

13 27

1990

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

2.0

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
160
155
150

— MAY

2
145
MO
135
130
125
120
115
110

5 10

3 17 31

M 28 12 26

JUN

9 23

JUL

6 20

4 18

SEP

OCT

I

13 29 13 27

10 24

7 21

7 21

4 18

FEB

MAR

APR

2 16 30

13 27

0

1989
LATEST DATA PLOTTED WEEK ENDING* MAY 16, 1990

BUSINESS LOANS 17
( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORT ING LARGE COMMERCIAL BANKS 2/
BILLIONS OF DOLLARS

SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
THE FOUR *EEKS ENDING
MAY 9. 1990 FROM
THE FOUR WEEKS ENDING* _
MAR.
FEB.
JAN.
DEC.
NOV.
AUG.
MAY

7, 1990
7, 1990
10, 1990
6, 1989
8, 1989
9, 1989
10, 1989

5.0
4.0
2.4
0.5
-0.7
-0.1"
2.2

APR.

4
321,957

5

19

3 17 31

14 28 12 26

JUN

9 23

JUL

6 20

4 18

SEP

OCT

I

IS 29 13 27 10 24

7 21

FEB

1989
LATEST DATA PLOTTED WEEK ENDING* MAY 9,

UJ-U.llii.LLLJ.
L1..L
7 21
4 18 2 16 30 13 27
MAR
APR
1990

1990

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COfcftCRCIAL 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

INDEX

AVERAGES OF DAILY FIGURES

1973-100

1973-100

93.5

91.2

5 19
APR

3 17 91 14 28 12 28 9 23
MAY
JUN
JUL
AUG

6 20
SEP

4 18
OCT

I

IS 29 13 27 10 24
NOV
DEC
JAN

7 21
FEB

1989
LATEST DATA PLOTTED WEEK ENDINGt MAY 23,
NOTEt

7 21
MAR

4 18
APR

2 18 30 13 27

1990
1990

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.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS