Full text of U.S. Financial Data : May 8, 1986
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
RESEARCH LIBRARY Federal Be UlCTFffiancial Data MAY 1 2 1986 May 8, 1986 Average spreads between interest rates on various financial instruments of similar maturity are largely accounted for by risk differences. During 1985, for example, the average spread (in monthly data) between corporate Baa and Aaa bonds was 135 basis points. Similarly, the spread between 90-day bankers’ acceptances and three-month Treasury bills was 45 basis points. From time to time, these spreads vary due to shifting supplies of the various instruments. When long-term rates decline, private firms are attracted by the lower rates and increase their long-term borrowing. This tends to raise the supply of private relative to government long-term debt and increases the interest rate spread bet ween the two types of instruments. Recently, as interest rates have declined, the spread between corporate Aaa bonds and long-term Treasury securities has increased considerably. Over the past six years (1980-85), the monthly interest rate on Aaa corporate bonds has averaged about 75 basis points higher than the rate on long-term Treasury securities. In April of this year, the spread rose to 116 basis points. Spreads this large were last observed in 1982. Following that occasion, the spread was restored to its historic average in mid-1983, as the yields on both instruments rose, with the yield on long-term Treasury securities rising more rapidly. —G. J. Santoni THE FEDERAL A RESERVE JA RANK of or st. ions 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 244 242 298.8 240 240.0 239.6 238 236 234 232 230 228 226 224 13 27 10 24 MAR S 22 3 10 3 17 31 14 28 II 25 AUG APR S 23 SEP 6 20 4 IS NOV DEC I 15 20 12 26 12 20 0 23 7 21 LATEST PLOTTED RESERVE MAINTENANCE PERIOD END INGt MAY 7, 1086 I®.ADJUSTED.mmOBLtm jfflEJg- FINANCIAL INSTITUTIONS AT FEDERAL ““ C AND IN THE VAULTS OF ALL RATIO CHANGES. THE MAJOR DATA ARE COMPUTED BY THIS IS AVAILABLE FROM THIS BANK. RECENT DATA ARE PRELIMINARY. adjusted MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF TWO MAINTENANCE PERIODS ENDINGt 5/8/85 8/14/85 10/0/85 11/6/85 12/4/85 1/1/86 2/12/86 3/12/86 8.9 8.4 8.7 8.5 8. 1 8.4 8.2 8.0 6.8 7.7 7.6 7. 1 7.8 7.5 7.3 8. 1 7.7 7.0 8.0 7.6 7.3 8.7 7.4 8.4 7.9 7.6 6.2 7.8 7.3 7.0 8.2 7.5 7.0 8.8 7.7 5.6 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDINGt 10/ 9/85 11/ 6/85 12/ 4/85 1/ 1/86 2/12/86 3/12/80 4/ 0/86 5/ 7/86 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK ( Ml ) AVtRAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 660 p=-------,------------,----- 1M MAR. 24 APR. 4 18 I ILL IONS OF DOLLARS ----- ---------- ------- =3 660 BILLIONS 639.5 645.9 641.3 645.6 648.6 15 20 15 27 10 24 MAY 8 22 5 10 2 16 SO 14 28 11 JUN OCT NOV 6 20 5 17 JAN FEB 1985 LATEST DATA PLOTTED WEEK ENDINGi APRIL 28, 1988 5 17 51 14 28 12 28 APR MAY 1986 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. DEPOSITS^AND^TRAVELERS^CHECKS? BY THE PUBLIC' DEP0SITS- 0THER CHECKABLE MONEY STOCK (Ml I COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDINGi A/28/85 7/28/85 8/50/85 10/28/85 11/25/85 12/50/85 t/27/B6 5/3/88 TO THE AVERAGE OF FOUR WEEKS ENDINGi 9/30/85 10/28/85 11/25/85 12/30/85 1/27/86 3/ 3/86 3/31/86 4/28/88 15.6 13.8 13.4 13.4 12.3 1 1.7 12.0 12. 1 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 12.7 12.2 12.5 11.0 10.4 1 1 .0 11.2 7.6 9.9 8.2 8.0 9.1 9.7 12.2 9.2 8.8 9.9 10.5 8.7 8.3 9.8 10.5 5.4 8.4 9.6 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 2.8 RATIO 2.8 --------- 1------------1--------- 1--------1986 FEB. 10 24 10 24 21 MAR. * j!lll 1111 8 22 APR RATIO 2.642 2.653 2.659 2.672 Ml MUL T1 PL 11 :r 2.68 1 1 1 6 20 MAY 111 .LLL.I. 3 17 JUN 1 1 II 1 1 1 15 29 12 28 JUL AUG 1985 1 1 1 i 1111 JXL _LLL 1 1 1 1 11 9 7 21 4 18 SEP OCT NOV 1 1 1 2 16 30 13 27 10 24 10 24 OEC JAN FEB MAR 1986 LATEST DATA PLOTTED TWO WEEKS ENDINGt APRIL 21, 1986 BILLIONS OF DOLLARS 178 BILLIONS OF DOLLARS 178 ---------1------------1--------- 1--------176 174 172 170 - COMPOUNDED ANNUAL R>>JES ---- OF CHANGE. AVERAGE THE FOUR WEEKS END If<IG “ APRIL 28, 1986 FROM ___THE FOUR WEEKS END If - MAR. 3, JAN. 27, — DEC. 30, _ NOV. 25, OCT. 28, — JUL. _ AP R. 29, 1986 1986 1985 1985 1985 55." A 1985 7. 176 y 174 172 7.J 6.* 7.( CURREN :y 170 - 164 1 - ass MAP . 24 . 37 APR w 162 160 1111 4 18 1 MAR APR i u 111 15 29 IS 27 10 24 MAY JUN ■ 111 8 22 JUL 1J-L 1111 5 19 AUG 1985 mi i i i 2 16 30 14 28 11 25 SEP OCT NOV 1111 9 23 DEC 111 6 20 JAN m 164 BILLIC 174.2 ITSlt \m _ 28 175.1 1 i i i i 1 i i i 1 i ixl 3 17 3 17 31 FEB MAR 1986 14 APR LATEST DATA PLOTTED WEEK ENDINGt APRIL 28, 1986 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 162 160 TOTAL CHECKABLE DEPOSI TS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 480 BILLIONS = 459.1 459.5 465.8 461.3 MAR 467.3 - 440 430 ■= 420 4 la 1 15 20 IS 27 10 24 MAY 8 22 S 19 2 16 30 14 28 11 23 JUN OCT 9 29 NOV 6 20 9 17 JAN FEB 9 17 91 14 28 12 28 LATEST DATA PLOTTED WEEK ENDINGt APRIL 28. 1986 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 ENDING; 4/29/85 7/29/85 18.2 16.0 15.4 15.6 13.8 13.2 13.5 13.9 14.6 13.8 14.5 12.1 11.4 12.1 12.7 9/30/85 10/28/85 11/25/85 12/30/85 1/27/86 3/3/86 TO THE AVERAGE OF FOUR WEEKS ENDING; 9/30/85 10/28/85 11/25/85 12/30/85 1/27/B6 3/ 3/86 3/31/86 4/28/86 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7.8 11.2 8.4 8.3 9.7 10.8 14.5 9.7 9.2 10.7 11.8 8.9 8.5 10.5 11.8 4.2 8.1 10.4 12.1 13.9 17.9 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT PERCENT 13.0 11 -.0 10.0 8.0 I I I I I IS 29 12 26 10 24 T 21 8 10 JUN JUL 2 16 SO 19 27 I SEP 8 22 6 20 9 17 91 OCT 14 28 14 26 II 25 FEB MAR 0 29 APR LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE SEEK ENDING. MAY 9, 1988. 1988 MAR. 7 14 21 28 APR. 4 1 1 10 25 MAY 2 g x 16 23 30 90 DAY CD'S 7.46 7.19 7.17 7. 16 7.02 6.62 6.44 0.47 0.56 0.54 comSercaiyal PAPER 7.52 7.20 7.22 7.25 7.22 6.83 6.57 6.57 6.67 6.66 BAKERS' ACCEPTANCES 7.29 7.08 7.05 7.03 6.82 8. 48 6.32 6.47 6.47 6.41 CORPORATE BONDS CORPORATE Baa BONDS MUNICIPAL BONDS MM 9.08 8.98 9.03 8.94 8.74 8.75 8.66 8.90 8.97 8.97 10.59 10.50 10.50 10.42 10.28 10.24 10. 13 10.13 10.20 10.16 6.88 6.89 7.34 7.21 7. 15 7.25 7. 16 7.22 7.33 N.A. AAA *!^averao£S^of,Trates available T* B0AR0 * QOVERNORS’ H-,s RELEASCm 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 —I 12.0 treasury'sIcurities DISCOUNT RATE I I I I 15 29 12 28 10 24 7 21 5 19 2 IB 30 13 27 II 25 JUN JUL SEP 5 22 5 20 5 17 51 OCT 14 28 14 28 11 25 FEB MAR 0 23 APR LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MAY 9, 1986. 1986 MAR. 7 M 21 28 APR. 4 11 18 25 MAY 2 9 ft 16 23 30 FEDERAL FUNDS aw 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL mm l-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES SECURITIES 7.89 7.52 7.47 7.25 7.39 7.05 6.97 6.92 6.88 6.87 6.79 6.59 6.49 6.39 6.31 6.07 5.84 6.03 6.11 6.05 6.87 6.54 6.55 6.43 6.32 6. 17 5.93 5.87 6.14 6.09 6.76 6.59 6.57 6.46 6.27 6.03 5.85 6.08 6. 17 6.11 7.66 7.40 7.46 7.36 7.22 7.04 6.80 7. 10 7.21 7. 17 8.35 8. 17 8.20 8.01 7.66 7.62 7.42 7.70 7.81 7.80 NOTE* CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.I5 RELEASE EXCLUDING LONG-TERM TREASURY * AVERAGES ^FTRATCSHaSI I uS-E^^^ BY ™'S BAh*’ TREASURY B1LL YIELDS ARE ON A DISCOUNTBASIS. _____ > AVAILABLE I I3EVEN-D"' ENDIHG 1,0 DAYS EARUER THAN DATE *«*' http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OP ST. LOUIS 7 8 COMMERCIAL BANK SMALL TIME DEPOSITS u LARGE TIME DEPOS I TS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 415 1 _ IM _ MAR. 24 31 APR. 7 389.2 380.2 389.0 21 28 387.7 387.5 1 billions 1 1 1 405 1 1 1 1 1 1 1 1 305 1 1EP0S TS 1 - 1 SMALL TIME 1 385 - - *111 1111 111 111 1 1 l_L XLL 1 1 1 1 111 XU. 1111 111 111 1111 1 1 1 X III 375 0 LATEST DATA PLOTTED WEEK ENDINGt APRIL 28, 1986 BILLIONS OF DOLLARS MAR. 24 BILLIONS OF DOLLARS 286.0 288.0 285.8 LARGE TIME DEPOSITS 4 18 I 18 29 13 27 10 24 MAY JUN 8 22 S 19 2 16 30 14 28 11 28 OCT 9 23 NOV 8 20 3 17 JAN FEB 3 17 31 14 28 12 28 APR MAY LATEST DATA PLOTTED WEEK ENDING. APRIL 28, 1986 1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 9100,000 2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 9100,000 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 12SS _ MAR BILLIONS OF DOLLARS BILLIONS 802.0 801.4 802.4 802.3 801 .8 800.5 I I I I 4 18 1 15 20 IS 27 10 24 MAY 8 22 5 10 1111 2 16 SO 14 28 1 JUN OCT 25 0 23 NOV 8 20 S 17 JAN FEB S 17 91 14 28 12 26 APR MAY LATEST DATA PLOTTED WEEK EM) I NOt APRIL 28, 1086 TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AM) LARGE TIME DEPOSITS. TOTAL TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGi 4/20/85 7/20/85 -0.7 0. 1 0.7 1.5 3.5 3.7 3.0 2.8 3.5 3.8 4.3 7.0 6.7 5.4 4.9 0/30/85 10/28/85 1/25/85 12/30/85 1/27/86 3/3/86 TO THE AVERAGE OF FOUR WEEKS ENDING*. 0/30/85 10/28/85 11Z25/85 12/30/85 1/27/86 3/ 3/86 3/31/86 4/28/86 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4.9 5.3 9.2 8.2 6.3 5.5 5.5 10.6 9.0 6.6 5.6 13.2 10.2 7.0 5.7 12.6 7.4 5.7 1.2 0.9 -1.7 PREPARED BY FEDERAL RESERVE BAM( OF ST. LOUIS 9 10 BORROWINGS FROM FEDERAL RESERVE BANKS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS 6.0 BILLIONS OF DOLLARS ---------- ---- ---1------ 1----0 6.0 052 TOTAL BORROWINGS LATEST DATA PLOTTED WEEK ENDINOi MAY 7, 1986 BILLIONS OF DOLLARS BILLIONS OF DOLLARS ADJUSTMENT + SEASONAL BORROWINGS 6 20 3 17 I MAR APR MAY 19 20 12 20 10 24 JUN 7 21 JUL AUG 1985 4 19 SEP 2 10 30 13 27 11 29 OCT NOV DEC 0 22 JAN 9 10 9 10 FEB MAR 1986 2 10 30 14 20 APR MAY LATEST DATA PLOTTED WEEK ENDING* MAY 7, 1086 1/ 03.767 FOR 11/27/85 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MMOAS, MMMFS AND SUPER NOWS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) MMDAs 1/ 10 17 24 31 7 14 April Super NOWa 3/ *250.2 252.9 255.9 259.0 260.9 262.3 267.9 267.3 266.4 3 March MMMFs 2/ 21 28 *67.5 69.0 68.5 68.1 68.6 N.A. N.A. N.A. N.A. 1/ Money market deposit accounts at commercial banks 2/ Total money market mutual fund balances 3/ NOW accounts at all depository institutions eligible to earn more than 5.25 percent BUSINESS LOANS u ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORT ING LARGE COMMERCIAL BANKS 2/ BILLIONS OF DOLLARS SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS :d annual rates 1. AVERAGE OF taKS ENDING THE FOUf FEB. JAN. DEC. NOV. OCT. JUL. — APR. 26, 22, 25, 20, 23, 1986 1986 1985 1985 1985 IH03 24, 1985 APR. 2 261,800 a 20 9 17 MAR APR 1 11 m 15 20 12 20 10 24 11 m u 7 21 4 10 2 10 90 19 27 II 25 AUG SEP NOV • 22 DEC 5 10 5 10 FEB MAR 2 10 90 14 20 LATEST DATA PLOTTED WEEK ENDING. APRIL 23, 1986 1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER. 2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 01.4 BILLION http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BAMC OF ST. LOUIS 11
@FedFRASER