Full text of U.S. Financial Data : May 31, 1984

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A

Federal Reserve Bank
of St. Louis
JUN 0 4

U.S. Financial Data
May 31,1984

Interest rates have increased substantially since the middle
of February, following a six-month period during which interest
rates showed little change. For example, from September 1983 to
mid-February 1984, the three-month Treasury bill rate declined
by 15 basis points and the commercial paper rate fell by 6 basis
points. In contrast, these interest rates have risen by 86 and 116
basis points, respectively, from February to the present.
Savings-type deposit liabilities at commercial banks have
responded differently to this recent increase in interest rates (see
table). Large time deposits increased slightly during the period of
stable interest rates but have risen substantially with the increase
in rates. Other deposits either increased more rapidly during the
period of stable interest rates or declined in both periods.
Selected Commercial Bank Deposit Liabilities
(billions of dollars, seasonally adjusted)
Averages of
four weeks ending

Large
time

Small
time

Savings

MMDA

Sept. 26, 1983
Feb. 13, 1984
May 21, 1984

$223.8
226.7
240.7

$338.4
353.0
358.8

$137.5
131.0
128.4

$220.8
235.8
243.7

U

1/ Not seasonally adjusted
—G. J. Santoni

THE
FEDERAL
A RESERVE
/llVNhof
AT ST li>l IS


views expressed do not necessarily reflect official positions of the Federal Reserve System.
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Federal Reserve Bank of St. Louis

2

ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
2 M ---------- 1---------- .--------

BILLIONS OF DOLLARS
------------------------------- 214

BILLIONS
— MAY

209.3
207.0
211.5
212.7
206.6

210.8

APR

MAY

IS 28 IS 2T 10 24
JUN
JUL
AUG
1983

7 2|
SEP

5 18
OCT

LATEST DATA PLOTTED WEEK ENDINGt MAY 30,

2 16 SO 14 28 II 25 8 22
NOV
DEC
JAN
FEB

7 21
4 18
MAR
APR
1984

2 16 SO IS 27

1984

THE ADJUSTED MONETARY BASE CONSISTS OF: Cl) RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT
FEDERAL RESERVE BANKS, (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE
VAULTS OF ALL DEPOSITORY INSTITUTIONS), AND «3 ) AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO
CHANGES.
THE MAJOR SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT.
DATA
ARE COMPUTED BY THIS BANK.
A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAIL­
ABLE FROM THIS BANK.
RECENT DATA ARE PRELIMINARY

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
6/1/83

8/31/83

AVERAGE OF FOUR WEEKS ENDINGt

1/2/83 11/30/83 12/28/83

TO THE AVERAGE
OF FOUR WEEKS
ENDINGt
11/ 2/83
11/30/83
12/28/83
2/ 1/84
2/29/84
3/28/84
5/ 2/84
5/30/84

2/1/84

2/29/84

3/28/84

8.1
9.5

7.2

t
7.5
7.8
7. 1
7.6
7.9
8.5
7.9
8.3


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Federal Reserve Bank of St. Louis

9.2
7.6
8.3
8.7
9.5
8.5
8.9

6.0
7.8
8.5
9.7
8.4
8.9

7.1
8.2
9.7
8.2
8.8

10.7
12.0
9.4
10.0

12.7
8.9
9.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
550

BULLIONS.

545

535.8
532.3
Z~ MAY

540

539.9
541 .0
544.3

535
530
525
520
515
510
505

4

18

2

16 30 13 27

JUN

II

25

6 22
NOV

JUL

DEC

FEB

MAR

1983

1984

LATEST DATA PLOTTED WEEK ENDING:

MAY 21,

1984

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS*

H.6 RELEASE.

Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COMMERCIAL BANK DEMAND DEPOSITS
HELD BY THE NONBANK PUBLIC (EXCLUDING THOSE HELD BY FOREIGN BAM<S AND OFFICIAL INSTITUTIONS)
AND OTHER CHECKABLE DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS* CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING;
5/23/83

8/22/83 10/24/83 11/21/83 12/19/83

1/23/84

2/20/84

3/19/84

7.2
4.5
6.7

1.7
5.4

6.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/24/83
11/21/83
12/19/83
1Z23/84
2/20/84
3/19/84
4/23/84
5/21/84

7.7
7.4
7.2
7.2
7.6
7.2
6.5
7. 1


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

4.3
4.7
5.3
6.2
5.8
5.0
5.9

5.8
6.5
7.5
6.7
5.5
6.6

6.8
8.0
7.0
5.4
6.7

9.0
7.4
5.3
6.9

PREPARED BY FEDERAL RESERVE BAM( OF ST. LOUIS

3

4
MONEY MULTIPLIER^
CURRENCY COMPONENT OF MONEY STOCK 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO

RATIO

RATIO

Ml MULTIPLIER

LATEST DATA PLOTTED WEEK ENDING. MAY 21,

1984

BILLIONS OF DOLLARS
156
154
152

148

156

COMPOUNDED ANNUAL R *TES
-----OF CHANGE, AVERAGE
THE FOUR WEEKS END 1 MG
“ MAY 21. 1984 FROM
-----THE FOUR WEEKS END 1 MG;
-

150

BILLIONS OF DOLLARS

---------- 1------------- 1---------- 1----------

MAR.
FEB.
- JAN.
- DEC.
NOV.
_

MA Y*

19,
20,
23,
19,
21,
23)

1984
1984
1984
1983
1983
1983

154
152

8. 5
6.
6.
8.
7.

150
CURREN :y

148

8.1
-

-

-

-

-

y

142

Lasi

-

APR .

140
138
sm

i

111

111

111

JUN

JUL

4 18

APR

MAY

1111
25 8 22
AUG

111 -LI .1 1 . 1 LL -LL.L- 1 1 1 1
5 IS
17 51 |4 28 12 26 9 25

1 1 1
8

SEP

FEB

OCT

NOV

DEC

JAN

1983
LATEST DATA PLOTTED WEEK ENDING; MAY 21,

142

BILLIONS

16
23
30
7

151.8
152.3
—
152.2
MAY
152.8
14
152.8
__
21
153.1
LllxJ-Lin lullin’
16 50

MAR

APR

14

MAY

28

II

2

JUN

1984
1984

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

140
138
0

TOTAL CHECKABLE DEPOSITS
billions of

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

dollars

billions of

dollars

BILLIONS
379.0
374.9

— APR

377.3

382.0
383. 1

386.0

I I I I
4

18

2

16 50

15 27

11

25

8

S

19

5 17 51

LATEST DATA PLOTTED WEEK ENDING* MAY 21.

14 28 12 26
NOV
DEC

9 25

6 20
FEB

5 19
MAR

2

16 50 14 28 II 25
MAY
JUN

1984

1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
5/23/83

8/22/83 10/24/83 11/21/83 12/19/83

1/23/84

2/20/84

3/19/84

8.3
3.9
6.5

0.6
5.0

5.0

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/24/83
l1/21/83
12/19/83
1/23/S4
2/20/84
3/19/84
4/23/84
5/21/84

7.1
6.4
6.4
6.2
6.7
6.6
5.6
6.3


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

1 .7
2.9
3.3
4.5
4.6
3.5
4.7

4.7
4.6
6.2
6.0
4.3
5.7

5.6
7.4
6.8
4.6
6.2

7.7
6.8
4. 1
6. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
15.0 r—

PERCENT
— 15.0

CORPORATE
Aaa BONDS

PRIME BANK
LOAN RATE

MUNICI PAL
BONDS

90 DAY

I

IS 29

APR

IS 27

MAY

10 24

JUN

8 22

JUL

5

19

AUG
1983

2

16 30

SEP

14

OCT

28

11

25

NOV

9

23

DEC

C 20

JAN

■LLlij-l .1 I
3

17

FEB

2

16

MAR

11 1 1 I I I
30

13 27

APR
1984

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGi JUNE 1,

1984
APR.

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

90 DAY
CD'S
10.40
10.33
10.42
10.46
10.60
11.17
11.32
11.14
11.30

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

10. 16
10. 1 1
10.23
10. 16
10.28
10.52
10.54
10. 19
10.26

10.23
10.21
10.31
10.29
10.42
10.98
11.07
10.93
10.98

12.74
12.71
12.79
12.95
13.00
13. 15
13.33
13.42
13.55

CORPORATE
Baa BONDS
14.21
14.22
14.37
14.41
14.46
14.6!
14.75
14.91
15.05

11

25

8 22

MAY
1984

MUNICIPAL
BONDS mm
10.04
9.97
9.89
9.94
9.99
10. 19
10.36
10.83
N. A.

* AVERAGES OF RATES AVAILABLE.
WK BOND BUYER1S AVERAGE INDEX OF 20 MUNICIPAL BONDS, 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 ENDED FRIDAY

PERCENT
14.0 r—

PERCENT
—i 14.0

5-YEAR
TREASURY SECURITIES

RATE

10.0

TREASI

I

15 29 IS 27 10 24
MAY

8 22

JUN

5 19

2 16 SO 14 28 II 25 9 23
SEP
OCT
NOV
DEC

6 20
JAN

3 IT
FEB

2 16 SO IS 27 11 25
MAR
APR
MAY

8 22

1984
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt JUNE I, 1984

1984
APR.

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

FEDERAL
FUNDS **

3-MONTH
TREASURY
BILL

10.41
10.13
10.37
9.98
10.70
10.46
10.52
9.75
10.30

9.74
9.65
9.76
9.64
9.73
9.97
9.88
9.79
9.74

6-MONTH
TREASURY
BILL XXK
9.83
9.82
9.92
9.74
9.88
10.27
10.40
10.38
10.62

1-YEAR
TREASURY
BILL
9.96
9.82
9.98
10.00
10. 18
10.46
10.59
10.73
10.97

5-YEAR
TREASURY
SECURITIES
12.36
12.24
12.38
12.47
12.65
12.99
13.24
13.35
13.77

LONG-TERM
TREASURY
SECURITIES
12.53
12.45
12.62
12.69
12.85
13. 16
13.42
13.49
13.80

» AVERAGES OF RATES AVAILABLE.
**
F0R week ending Wednesday two days earlier than date SHOWN.
MM £^5R^eI..BAlAT^PPEAR ,N THE B0ARD
GOVERNORS’ H.15 RELEASE.

NLW I vvlic RATE

?SIIfug?

BILL-YI ELOSRONSD?SCOUNTRBAS 11.ARE C0M,UTED BY THE FEDERAL RESERVE BANK OF ST. LOUIS.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
SMALL TIME DEPOS I TS 1/
COMMERCIAL BANK SAVINGS DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
410 z-------- --------------- 1------------1----------j l984

=_

400
390
380

E

Ap R.

—
z MAY
-

16
23
30
7
14
21

BILLIONS OF DOLLARS
410
E

BILLIONS
E

354.8
356.3
357.1
358.e
359.4
360.

400
390

z
E

380

=

370
360
350

SMALL TIME

Z

370

>EPOSI TS
z
E

Z

350
E

z

340
330
320
310

=

z

Z

E

z

E

z

a 111

1111

in.

Li i

i.ii. i- _LLL

1111

LATEST DATA PLOTTED WEEK ENDINGt MAY 21,

111 -LLL

1 1 LL. 1 U-

1 1 1

1984

- APR. 16
Z
23
30
— MA Y
7
14
21

1 1 1 1

ILL _llL

310
300
0

BILLIONS OF DOLLARS

170

BILLIONS

z

128.5
128.3
128.2
128.5
128.4
128.3

165

E

1LLL

=

160

330

1984

BILL IONS OF DOLLARS
170 z-------1------------1--------- 1--------165

340

320
z

300
0

360

155

=

_

150

z

160
155
150

z
145

145

SAVIN GS DEP )S ITS

E

E
140

140

E

E

E

E

=

z

135

135

130

130

125

125

5*
-LLL 1111 -LLL _LLL ,1.1 1 1
AUG
1983

1 l-L 1 1 1 1

ILL 1 1 1

SEP

NOV

OCT

LATEST DATA PLOTTED WEEK ENDING. MAY 21,

DEC

II 1 1

mi

l l l

l I l

JAN

FEB

MAR
APR
1984

11 1

1 1 1

MAY

JUN

1984

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


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TOTAL TIME DEPOSITS^
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

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

BILLIONS OF DOLLARS
---------1---------- 1--------=1 780

ISM
APR.

16

BILLIONS
719.2
720.9
723.9
726.5
732.3

4 18

2 16 50 IS 77 11 25
JUN
JUL

8 22

5 19

3 17 Si

LATEST DATA PLOTTED WEEK END INGi MAY 2J,

14 28 12 28
NOV
DEC

9 23

6 20
FEB

3 19 2 IB 30 14 28 II 25
MAR
MAY
JUN
1984

1984

I/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
5/23/83

AVERAGE OF FOUR WEEKS ENDING:

8/22/83 10/24/83 11/21/83 12/19/83

1/25/8.

2/20/8.

0.2
3.5
6.5

7.0
10.0

3/19/84

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/24/83
11/21/83
12/19/83
1/23/84
2/20/84
3/19/84
4/23/84
5/21/84

5.9
7.1
6.8
5.9
4.9
4.9
5.3
6. 1


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

9.2
8.2
6.5
4.8
4.8
5.4
6.5

9.4
6.0
3.5
3.7
4.7
6.3

2.6
0.5
1.5
3. 1
5.2

-1.5
0.4
2.7
5.2

12.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS

APR.

of

DOLLARS

I6
236.3

239.4
243.9

4

18

2

16 30 13 27

JUN

11

25

8 22

S 19

3 17 31

14 28 12 28

NOV

JUL

9 23

DEC

8 20

5

FEB

MAR
1984

19

2 16 30 14 28 11

MAY

23

JUN

LATEST DATA PLOTTED WEEK ENDING*. MAY 21, 1984
TIME DEPOSITS ISSUED IN DENOMINATIONS OF 6100.000 OR MORE.

MMDAs, MMMFs and SUPER NOWs
(billions of dollars, not seasonally adjusted)
MMDAs 1_/
April

May

9
16
23
30
7
14
21

$398.5
398.5
396.3
392.8
393.6
394.9
395.0

MMMFs 2/
$188.1
189.0
187.7
186.7
185.3
187.7
189.6

SUPER NOWs
$43.6
43.9
43.4
42.0
42.7
42.5
42.4

1/ Money market deposit accounts at all depository institutions, effective 12/14/82.

1/ Total money market mutual fund balances.
3/ NOW accounts at all depository institutions, requiring a $2,500 minimum balance
and eligible to earn more than 5.25 percent, effective 1/5/83.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
BILLIONS OF DOLLARS
5.0 rz--------,---------- i-------1964

MILLIONS

APR. 25
MAY
2
9
16
23
30

1713
1029
1098
4613
3746
3008

6 20

4

APR

MAY

18

I

AVERAGES OF DAILY FIGURES

15 29

13 27

10 24

7 21

5 IS

SEP

OCT

LATEST DATA PLOTTED WEFK ENDINGt MAY 30,

2

16 SO 14 28 It

DEC

25

6 22

JAN

BILLIONS OF DOLLARS
------ ---------------------- =3 5.0

7 21

MAR
APR
1984

1984

BUSINESS LOANS w

( COMMERCIAL AND INDUSTRIAL )
WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED BY THIS BANK
BILLIONS OF DOLLARS
236 _-------- 1
III —

r

_ COMPOUNDED ANNUAL RA TES
_ OF CHANGE, AVERAGE 0F
_THE FOUR WEEKS END IN G
_ DECEMBER 20. 1983 FR OM
_ THE FOUR WEtKS END INGt
“ OCT.
— SEP.
~ AUG.
“ JUL.
“ JUN.
“

26, 1983
28, 1983
31, 1983
27, 1983
29, 1983

DEC ; 291

-

ggs
•to ®
G

“

Vi ^

5.5
3.9
0.8
1.4
1.8

982

BILLIONS OF DOLLARS
236

2

<&$•

1.2

-

CO

/-A

T—

-

111

212
196.

k1 ILL

1

NOV. 23
30
DEC. 7

Z

IQNS

215,480
215,941
216.535

“

_
_

204

21
28

Si!
.1J11

NOV

DEC
1982

111

111

JAN

FEB

INI
23

MAR

1 1 1 lLLL
6 20

APR

MAY

1111

JUN

1 1 1

JUL
1983

XU 1 i-l, J 1
7 21

AUG

SEP

216i412
217,937

-

.................................................... ...
16 30 14 26 11
5 10

OCT

NOV

DEC

JAN
1984

LATEST DATA PLOTTED WEEK ENDINGt DECEMBER 28, 1983
1/ BUSINESS LOANS INCLUDE BANKERS* ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF 6750 MILLION OR MORE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11