Full text of U.S. Financial Data : May 25, 1989
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RESEARCH LIBRARY Baafcj f*eacr«! ------------------------------- — °fUt& financial Data JUW 02 JS89 May 25, 1989 THE WEEK'S HIGHLIGHTS: The dollar's exchange value continued to rise this week, appreciating against all major currencies. Its trade-weighted exchange index averaged 103.2 (1973 = 100), the highest weekly average since the first week of 1987. s New factory orders for durable goods in the United States rose a seasonally adjusted 2.9 percent in April. For the first four months of the year, durable goods orders were up 10.9 percent from the same period in 1988. is The nation's real gross national product (GNP) expanded at a revised seasonally adjusted annual rate of 4.3 percent in the first quarter of 1989, down from the initial estimate of a 5.5 percent rate. The GNP implicit price deflator rose at a 3.9 percent annual rate in the first quarter, unrevised from the earlier estimate. is Corporate after-tax profits fell 1.7 percent in the first quarter of 1989, after rising 3.2 percent in the final quarter of 1988, and were 14.9 percent above their year-earlier level. n:mm RESERVE HANK »f M. IjOI IS views expressed do not necessarily reflect official positions of the Federal Reserve system. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis i 2 ADJUSTED MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS 296 ---------- 1---------- i-------- BILLIONS OF DOLLARS ------------------- ----------- 296 287.7 289.8 288.0 288.3 290.2 289.6 APR 4 18 I MAY JUN IS 29 IS 27 JUL 10 24 AUG 1988 7 21 5 19 SEP OCT 2 16 30 14 28 II NOV DEC 29 JAN 8 22 FEB 8 22 MAR 5 19 APR 1989 3 17 31 MAY 14 28 JUN LATEST PLOTTED RESERVE MAINTENANCE PER 100 ENDING* MAY 17, 1989 THE ADJUSTED Y BASE IS THE OF RE IRCULATI AN AD TARY_BASE IS F THE ADJ Y INSTIT OF THE ADJ BAM\. ... S OF FINANCIAL INSTITUTIONS AT FEDERAL BY THE PUBLIC AND IN THE VAULTS OF ALL REQUIREMENT RATIO CHANGES. THE MAJOR ..J CREDlTT DATA ARE COMPUTED BY THIS IY BASE IS AVAILABLE FROM THIS BANK. ONS) A DETAILED RECENT DATA ARE PRELIMINARY. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, 2 2 8/10/88 10/19/88 11/18/88 12/14/88 Ui AVERAGE OF TWO MAINTENANCE PERIODS 5/18/88 1/11/89 2/22/89 3/22/89 3.5 1.7 3.1 1 .8 3.8 2.5 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDING. 10/19/88 11/18/88 12/14/88 1/11/89 2/22/89 3/22/89 4/19/89 5/17/89 5.8 5.9 5.5 5.8 5. 1 5.2 4.6 4.8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5.1 4.6 5.1 4.3 4.6 3.8 4.2 4.7 5.6 4.2 4.6 3.5 4.1 5.1 3.6 4.2 2.9 3.7 3.9 4.6 3.0 3.9 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK ( Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 1M APR. 10 BILLIONS of DOLLARS BILLIONS 782.0 781 .6 773.0 773. I 4 18 2 16 SO 19 27 II 25 JUN JUL 8 22 5 18 9 17 91 14 26 12 NOV DEC LATEST DATA PLOTTED WEEK ENDING-. MAY 15, 1 FEB MAR 15 20 12 28 APR I9S9 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. M1IS THE31A10FCURRENCY 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/IB/88 8/15/88 10/17/88 11/14/88 12/12/88 1/16/89 2/13/89 3/13/89 TO THE AVERAGE OF FOUR WEEKS ENDING: 10/17/88 11/14/88 12/12/88 1/16/8B 2/13/88 3/13/80 4/17/89 5/15/89 3.5 3.2 3.5 2.8 2.2 2.3 1.3 0.7 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.3 2.4 1.4 0.7 1.2 -0.1 -0.8 3.7 1.5 0.5 1.1 -0.5 -1.3 1.6 0.2 1.1 -0.9 -1.8 -2.3 -0.4 -2.3 -3.1 0.5 -2.5 -3.5 -2.3 -3.7 -6.9 PREPARED BY FEDERAL RESERVE BANK OF ST. 3 LOUIS 4 MONEY MULTIPLIERi/ CURRENCY COMPONENT OF MONEY STOCK ^ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 3.0 ----------1------------- 1---------- 1---------1989 MAR. APR. RATIO 3.0 RATIO 6 20 3 17 2.746 2.711 2.723 2.711 15 2.67 Ml MUL TIPLI :r 2.8 V Ijll 4 II APR 1111 111 111 1111 111 2 16 SO IS 2T II 25 • 22 5 10 MAY JUN JUL AUG SEP 1988 1111 1 1 1 11 1 1111 9 17 91 14 20 12 26 0 29 OCT NOV DEC JAN ■ Li-1.. e 20 FEB in! 1 1 1 IN ■i 1.1 1 6 20 9 17 1 IB 20 12 26 MAR APR MAY JUN 1989 LATEST DATA PLOTTED TWO WEEKS ENDING) MAY 15, 1989 BILLIONS OF DOLLARS BILLIONS OF DOLLARS 220 COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF the four Weeks ending MAY 15, 1989 FROM THE FOUR WEEKS ENDING) , MAR. 13, 1989 216 3.5 CURRENCY — AUG. _ MAY 1M APR. BILLIONS 10 8 215.3 215.9 216.4 216.3 21518 I I I I I I I 1 I I I I I I I I 4 18 2 16 30 19 27 II 25 JUN JUL 8 22 5 10 9 17 91 14 28 12 26 NOV DEC 0 29 1988 6 20 6 20 9 17 1 IS 20 12 26 1989 LATEST DATA PLOTTED WEEK ENDING) MAY 15, 1989 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 BILLIONS OF DOLLARS 580 559.5 558.0 563.3 557.9 540.9 549.7 570 560 550 4 18 2 10 90 13 27 II JUN 28 8 22 8 18 3 17 91 JUL 14 28 NOV 12 26 8 23 DEC 8 20 8 20 3 17 FEB MAR APR I 15 28 12 28 LATEST DATA PLOTTED WEEK END I NOt MAY 15, 1S8B TOTAL|^HECKA^||DEPOSITS IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING-. 5/16/88 8/15/88 10/17/88 11/14/88 12/12/88 1/16/89 2/13/89 3/13/89 TO THE AVERAGE OF FOUR WEEKS ENDING: 10/17/88 11/14/88 12/12/88 1/16/80 2/13/80 3/13/80 4/17/80 5/15/80 2. 1 1.7 2.3 1 . 1 0.3 0.6 -0.7 -1.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -0.8 0.7 -0.7 -1.6 -0.9 -2.5 -3.3 2.9 -0.4 -1.9 -0.8 -2.9 -3.9 -0.6 -2.4 -1 .0 -3.5 -4.5 -5.9 -3.0 -5.4 -8.3 -1.5 -5.4 -6.5 -4.9 -6.5 -10.7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT PERCENT 12.0 11.0 1 15 29 19 27 10 24 MAY 8 22 S 19 2 16 90 14 OCT JUN II 25 NOV 9 29 6 20 9 JAN FEB 1988 17 9 17 91 14 28 12 25 APR 1989 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING' MAY 26, 1989 APR. 7 M 21 28 MAY 5 12 19 26 * JUNE 2 9 16 23 30 9 29 MAY 1989. 90 DAY CD'S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS' ACCEPTANCES CORPORATE Aaa bonds CORPORATE Baa BONDS MUNICIPAL BONDS MR 10.03 10.02 9.87 9.84 9.83 9.72 9.49 9.35 9.83 9.82 9.74 9.72 9.70 9.66 9.50 9.43 9.75 9.75 9.63 9.60 9.57 9.45 9.26 9. 13 9.81 9.80 9.80 9.75 9.73 9.69 9.54 9.43 10.60 10.66 10.61 10.59 10.57 10.57 10.46 10.34 7.56 7.54 7.44 7.40 7.36 7.36 7. 18 N. A. NOTEt CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE. m AVERAGES OF RATES AVAILABLE ttk 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 PERCENT —i 11.0 TREASURY m ITIES TREASI DISCOUNT RATE 19 27 APR MAY 10 24 8 22 SEP OCT II 2S NOV 0 23 DEC 8 20 3 17 JAN FEB 9 17 31 MAR 14 26 12 26 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MAY 26, 1080. 7 14 21 28 MAY 5 12 19 26 * JUNE 2 AUG 1988 2 16 30 14 28 MAY APR. JUL 8 10 APR 1989 1980 JUN 0 23 JUN FEDERAL FUNDS MK 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL aom 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES SECURITIES 9.71 9.82 9.95 9.86 9.88 9.86 9.75 9.74 8.82 8.69 8.55 8.53 8.54 8.43 8.30 8.32 8.84 8.78 8.59 8.72 8.64 8.39 8. 19 8.33 8.74 8.73 8.56 8.52 8.47 8.36 8.23 8. 16 9.36 9.42 9.25 9.16 9.09 9.06 8.86 8.72 9. 19 9.24 9.13 9.08 9.08 9.12 8.87 8.71 16 23 30 '£^.42*55 Of,,GOVERNORS' H. 15 RELEASE EXCLUDING LONG-TERM TREASURY SECURJTIESeWHJCH(ARE COMPUTED BY THIS BANK. TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS. WB8 AUCTI ON AVERAGE ( DISCOUNT ) http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ENDIN0 T*0 DAYS EARLIER THAN DATE SHOWN PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 MONEY STOCK ( M2 ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS APR. 10 — MAY billions * dollars 3084.3 3085.0 3080.8 3072.3 3070.3 3070.9 3050 3000 4 18 2 18 30 13 27 II 28 JUN JUL 8 22 5 19 4 28 12 NOV DEC I I I I 9 23 8 FEB 6 20 MAR 9 17 APR LATEST DATA PLOTTED WEEK ENDINGt MAY 15, 1980 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE DETAIL, SEE THE H.5 RELEASE. MONEY STOCK (M2) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGt 5/16/88 8/15/88 10/17/88 11/14/88 12/12/88 1/16/89 2/13/89 3/13/89 2.3 2.1 0.8 3.3 1.1 -0.6 TO THE AVERAGE OF FOUR WEEKS ENDINGt 10/17/88 11/14/88 12/12/88 1/16/89 2/13/89 3/13/89 4/17/89 5/15/89 3.3 3.5 4.1 3.5 3.1 3.2 3. 1 2.6 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2.8 4.1 3.1 2.5 2.8 2.7 2.0 6.4 3.8 2.8 3.2 2.9 2.0 3.5 2.2 2.9 2.7 1.7 -0.4 1.3 1.4 0.5 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 55= 11111111111111 2010 Y 15. 1989 FROM E FOUR WEEKS END 1 R. N. C. 13, 16, 12, 1989 1989 1988 12. 11. 11.1 10. G. 15, 16, 1988 1988 9. 9. B. 13, 1989 -R a ft® llllll 2070 BILLIONS OF DOLLARS 2100 ------ ------ ------ ------- -—1 1 1 1 - COMPOUNDED ANNUAL RATES - OF CHANGE. AVERAGE OF Y /L_ / Wt TOTAL TIME 1EP0SI TS z m il 1950 Z 1111 i989 1 APR . 111 MAY ’fax 2070 - M ill 2100 ini -LLL in 1111 111 1111 LATEST DATA PLOTTED WEEK ENDING: MAY 15, 111 111 1989 mi 1 1 1 111 BILLIONS OF DOLLARS 1M APR. 10 us. = billioi 10 17 24 1 8 15 2058.5 2065.2 2068.6 2068.0 2077.5 2081.2 - _Z _ - 1 i i i 1 n i i 1 i i i! BILLIONS OF DOLLARS 580 BILLIONS 568.3 570 560 572.5 LARGE TIME DEPOSITS 550 520 510 4 18 2 16 30 13 27 11 25 JUN 6 22 5 19 3 17 31 JUL 14 28 12 26 NOV 0 23 DEC 8 20 6 20 3 17 FEB MAR APR I 15 29 12 26 LATEST DATA PLOTTED WEEK ENDING: MAY 15, 1989 1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS. 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 9 10 BORROWINGS FROM FEDERAL RESERVE BANKS BILLIONS OF DOLLARS 5.5 rz------- 1---------- 1-------1M AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS ------ ------------- --------=3 5.5 MILLION 18 26 3 2007 2010 1018 24 1675 TOTAL BORROWINGS LATEST DATA PLOTTED WEEK ENDINGt MAY 24, 1889 BILLIONS OF DOLLARS BILLIONS OF DOLLARS ADJUSTMENT + SEASONAL BORROWINGS 8 20 APR 4 18 MAY 1 15 20 19 27 10 24 AUG JUN JUL 1088 SEP 10 OCT LATEST DATA PLOTTED WEEK ENDINGt MAY 24, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 IS 90 14 28 11 25 8 22 8 22 5 19 NOV DEC JAN FEB MAR APR 1980 9 17 91 14 28 1080 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS COMMERCIAL PAPER OF NONFINANCIAL COMPANIES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS 130 = 125 120 115 1989 billions of dollars z MILLION!EL 125 E~ APR. 12 112,278 19 118,04C Z_ 26 118,977 Z MAY 3 121 532 10 122,84G =_ 17 123.098 z r 120 E f J ~ z 110 § E 105 —7 E 100 IP z E = 115 /—\ J \ E / z r z r ‘in APR z 100 05 00 85 111 M11 111 .11.1.1 111 111 MAY JUN JUL AUG 1088 SEP 5 IB OCT mi JLLL 1 1 1 III II 1 1 ■U 1 ini xi2 2 10 30 14 26 II 25 S 22 S 22 5 II 9 17 91 14 : NOV DEC JAN FEB MAR APR MAY JUN I960 LATEST DATA PLOTTED WEEK ENDING: MAY 17, 1989 * DASHED LINE REPRESENTS DATA USING AN OLD REPORTING PANEL AND IS NOT COM*ARABLE TO CURRENT DATA. BUSINESS LOANS u (COMMERCIAL AND INDUSTRIAL) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 316 - COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF - THE FOUR *EEKS ENDING MAY 10. 1080 FROM - THE FOUR WEEKS ENDING: - MAR. FEB. JAN. DEC. ~ NOV. _ AUG. MAY ~ 8, 8, 11, 7, 0, 10, 11, 1080 1980 1989 1988 1988 1088 1988 6.80.0 10.5 6.9 5.4 2.8 4.1 310,777 MAY 0 20 APR 4 18 MAY I 15 2fi 13 27 10 24 7 21 5 10 3 U-l.11.1 1 1 1 1 1 I 1 I I 2 IB 30 14 20 II 29 8 22 • 22 S 10 3 17 31 14 28 DEC JAN FEB LATEST DATA PLOTTED WEEK ENDING: MAY 10, 1089 1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER. 1/ BANKS WITH DOMESTIC ASSETS GREATER THAN 81.4 BILLION http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANC OF ST. LOUIS 11 300 DOLLAR'S TRADE-WEIGHTED EXCHANGE INDEX AVERAGES OF DAILY FIGURES 1973-100 1973-100 APR. 19 100.4 103.2 I I I I I I I I 6 20 4 18 APR MAY 1 IS 20 13 27 10 24 7 21 3 19 2 16 30 14 28 11 23 SEP OCT DEC JAN 8 22 3 22 3 19 3 17 31 14 28 FEB LATEST DATA PLOTTED WEEK ENDINOt MAY 24, 1989 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
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