Full text of U.S. Financial Data : November 10, 1988
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^ES^Fijnancial Data
----- 6f St. Louts--------r----------------------------------------------..............
November 10, 1988
NOV 1 6 1988
THE WEEK'S HIGHLIGHTS:
y'
The growth of Ml has been flat since late July, expanding at only
a 1 percent annual rate through the end of October. Ml has grown
at a 5.2 percent rate thus far this year, up from 3.5 percent in 1987.
y'
Business loans have been flat since late June, growing atal percent
rate through the end of October.
is
Consumer credit expanded at a 9.2 percent rate in the third quarter
and was up 9 percent from the third quarter of last year.
y'
Payroll employment increased at a 3.5 percent rate in the first 10
months of this year, about the same as the 3.4 percent growth in
1987.
ts
The producer price index (PPI) was unchanged in October. The PP1
has increased at a 3.9 percent rate this year following a 2.4 percent
increase in 1987.
the
FEDERAL
JKESEK\E
ILVNKof
sr. mils
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
290 ------------- -----------1------
19M
AUG.
24
BILLIONS OF DOLLARS
------------------------------ 290
B-HLIQMS
281.8
282. 1
283.2
283.5
0 23
7 21
4 1«
OCT
NOV
2
10 30 IS 27 10 24
0 23
6 20
4 18
APR
MAY
I
15 20 13 27
10 24
7 21
SEP
li-LLLLLL
5
10
2 10 30
OCT
LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING* NOVEMBER 2, 1988
TRgiSNoffioSrSfiMk
I TUT IONS I AMI AN ADJUSTMENT FOR RESERVE REOU____
BANkr AD^MlfeAW! ElSWB^irAvSpSSfH
RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE.
AVERAGE OF TWO MAINTENANCE PERIODS ENDING:
11/4/87
1/27/88
7.2
8.0
6.6
7.4
7.4
7.0
6.9
6.6
6. 1
4.3
5.9
6.2
5.8
5.8
5.5
4/6/88
5/4/88
6/1/88
6/29/88
7/27/68
5.5
5.7
5.1
4.9
A.3
9/7/88
TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING:
4/ 6/88
5/ 4/88
6/ 1/88
6/29/88
7/27/88
9/ 7/88
10/ 5/88
11/ 2/88
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5.1
7.8
7.8
6.8
6.7
6.2
5.5
6.3
5.5
5.6
5.2
10.6
7.7
7.4
6.5
4.5
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED
BILLIONS OF DOLLARS
SEP.
26
BILLIONS OF DOLLARS
700
784.0
782. 1
784.8
783.6
780.8
784.4
780
770
760
750
9 19
SEP
2
19 90 14 28 II
OCT
DEC
29
8 22
7 21
4 18
MAR
JAN
APR
LATEST DATA PLOTTED WEEK ENDING. OCTOBER 31,
2 18 90 13 27 11
JUN
29
8 22
9 19
9
17
JUL
11
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
M1IS THE SUM OF CURRENCY HELD BY THE NONBANK PUBLIC
DEPOSITS AND TRAVELERS CHECKS.
DEMAND DEPOSITS, OTHER CHECKABLE
MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING.
11/2/87
2/1/88
3/28/88
5/2/88
5/30/88
7/4/88
8/1/88
8/29/88
1 .8
3.9
2.9
3.9
4.6
4.0
3.8
3.5
6.0
3.7
5. 1
6. 1
5.0
4.5
4. 1
5.5
7. 1
8.0
6.2
5.3
4.7
3.9
6. 1
4.2
3.6
3. 1
10.7
6.7
5.3
4.3
4.6
3.4
2.7
0.1
0.2
1.0
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/28/88
5/ 2/88
5/30/88
7/ 4/88
8/ 1/88
8/28/88
10/ 3/88
10/31/88
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
3
4
MONEY MULTIPLIER^
CURRENCY COMPONENT OF MONEY STOCK 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED
RATIO
3.0 ---------- 1---------- 1------------- 1---------1968
AUG.
SEP.
3.0
RATIO
22
5
IB
3
2.775
2.785
2.785
2.776
31
OCT.
RATIO
2.76
Ml Ml LTIPL IER
2.8
!em
111
1111
-LLL _LLL XI 1 1 -1 LL. XLL XUI
25
SEP
OCT
NOV
1987
DEC
JAN
8 22
FEB
111
7 21 4 18
2 16 SO 13 27
MAR APR
MAY
LATEST DATA PLOTTED TWO WEEKS ENDING: OCTOBER 31,
111
AUG
5 19
SEP
11 IX. XLL
S 17 31
OCT
14 28
NOV
1988
BILLIONS OF DOLLARS
212
Mil- XLL
11 25 8 22
JUN
JUL
1988
BILLIONS OF DOLLARS
212
I-------1--------- 1------------ 1--------- 1--------_
_
-
COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
OCTOBER 31. 1988 FROM
THE FOU R WEEKS ENDING:
_
AUG. 29 ,
AUG.
1 ,
JUL.
4,
7.5
_
_
MA Y
FE B.
NO V.
7A
1988
1988
1988
, 1988
2 , 1988
1 , 1988
2 , 1987
CURRE NCY
6. 1
6.9
-
7.
8.
-
-
-
196
1988
-
BILL 10
SEP
111
OCT
1111 XLL XLL 1 1 1 1
NOV
1987
DEC
JAN
8 22
FEB
209.4
210.0
210.6
-
209.6
209.0
17
24
31
“in
8K : 2f
_
~
1 1 1 XLL 1 1 II XLL XLL Mill1 i i i 1 i i i i 1 i i is
7 21
MAR
16 30 13 27
APR
MAY
JUN
1988
10
JUL
SEP
3 17 31
OCT
NOV
LATEST DATA PLOTTED WEEK ENDING: OCTOBER 31, 1988
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
580
ILL IONS OF DOLLARS
---------- .---------- 1---------
—I------------- ----------- 580
BILLION?
SEP.
5
26
10
OCT
567. 1
565.8
568.8
566.9
563.6
566.6
2
16 30
NOV
14 28 II
DEC
JAN
25
8 22
FEB
7 21
4
MAR
APR
18
2 16 30 13 27
MAY
1987
JUN
1988
11
23
JUL
8 22
AUG
5 10
SEP
3
17 31
14
OCT
LATEST DATA PLOTTED WEEK ENDING: OCTOBER 31, 1988
DEPOSITORY^!ITUT?ONSS 'S ™E SUM °F DEMAND DEP0S,TS *ND OTHER CHECKABLE DEPOSITS AT ALL
TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
11/2/87
2/1/88
3/28/88
5/2/88
5/30/88
7/4/88
5.4
2.3
4.3
5.5
4.2
3.5
2.9
4.3
6.7
8.0
5.8
4.5
3.7
2.7
5.6
3.4
2.4
1 .8
1 1 .7
6.8
4.6
3.4
4. 1
2.1
1.3
8/1/88
8/29/88
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/28/88
5/ 2/88
5/30/88
7/ 4/88
8/ 1/88
8/29/88
10/ 3/88
10/31/88
-1 .0
1 .8
0.6
2.0
3.0
2.4
2.0
1 .8
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-2.1
-2.0
-1.2
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
5
6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES
PERCENT
PERCENT
12.0 i—
—I 12.0
MUNICIPAL
'
BONDS
—V
1 I I 1 I I I I
4 18
2
18 30
13 27 11
NOV
DEC
25
8 22
5 19
4 18
FEB
MAR
1
15 29 13 27
MAY
10 24
8 22
5 19
2 16 30 14 28
JUN
OCT
II
25
NOV
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. NOVEMBER II, 1988.
1988
SEP.
2
9
16
23
30
OCT.
7
14
21
28
NOV.
4
1 1 *
18
25
90 DAY
CD'S
30-DAY
COMMERCIAL
PAPER
90-DAY
BANKERS'
ACCEPTANCES
8.41
8.26
8. 19
8. 16
8.24
8.31
8.33
8.38
8.41
8.43
8.52
8.20
8.09
8.05
8.03
8. 13
8. 10
8.09
8. 13
8.16
8.22
8.30
8.24
8.09
8.04
7.99
8.09
8.12
8.13
8.15
8. 18
8. 18
8.31
CORPORATE
Aaa BONDS
10.14
9.95
9.84
9.73
9.67
9.58
9.54
9.49
9.44
9.39
9.39
CORPORATE
Baa BONDS
11.21
11.13
11.02
10.78
10.59
10.45
10.41
10.41
10.39
10.33
10.36
MUNICIPAL
BONDS **
7.76
7.67
7.59
7.62
7.64
7.53
7.52
7.45
7.36
7.33
N. A.
APPEAR IN THE BOARD OF GOVERNORS1 H.I5 RELEASE.
* AVERAGES OF RATES AVAILABLE
X6K BOND BUYER'S 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
PERCENT
PERCENT
11.0 i—
—1 11.0
5-YI
TREASURY SI
ITIES
DISCOUNT RATE
3-1
TREASI
___
OCT
SEP
NOV
DEC
JAN
FEB
4 18
MAR
I IS 29 13 27 10 24 - —
8 22
------- -------------------------APR
MAY
JUN
JUL
1987
- 19
AUG
2 16 30 14 28 II 25
SEP
OCT
NOV
1988
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: NOVEMBER II,
FEDERAL
FUNDS **
1988
SEP.
2
16
OCT.
NOV.
1988.
30
7
14
28
4
1 1 X
18
25
3-MONTH
TREASURY
BILL
6-MONTH
TREASURY
BILL JKX8K
1-YEAR
TREASURY
BILL
5-YEAR
TREASURY
SECURITIES
LONG-TERM
TREASURY
SECURITIES
8. 15
8.15
8.13
8.17
8.24
8.38
8.27
8.27
8.29
8.36
8.31
7.28
7.30
7. 18
7. 19
7.30
7.25
7.31
7.40
7.42
7.38
7.55
7.50
7.40
7,41
7.34
7.48
7.46
7.46
7.55
7.54
7.48
7.71
7.65
7.52
7.45
7.51
7.60
7.56
7.51
7.56
7.55
7.53
7.75
8.92
8.68
8.64
8.67
8.73
8.57
8.53
8.52
8.47
8.44
8.68
9.35
9. 1 1
9. 10
9. 14
9.01
8.98
8.96
8.84
9.02
NOTE:
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H. 15 RELEASE EXCLUDING LONG-TFRU trfa<!Iiry
* AVERAGES^OF ^RATES^AVA ILABLE °^PUTED BY ™,S BAnIT TREASURY BI LLYIELD^ARE OnTS^OUN^IasIs.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EfCINS ™DAYS «"■'«
°*TE s™»”
PREPARED BY FEDERAL RESERVE BAfK OF ST. LOUIS
7
8
MONEY STOCK ( M2 )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED
BILLIONS OF DOLLARS
BILLIONS OF DOLLARS
3075 --------- 1--------- 1------
—I---------------------- 3075
&1LLL4U2
3034.1
3030.9
3036.2
3042.5
3035.6
3040.2
3000
3000
2900
25
SEP
OCT
NOV
1987
DEC
JAN
a 22
FEB
7 21
4 18
MAR
APR
LATEST DATA PLOTTED WEEK ENDING: OCTOBER 31,
2
10 90 15 27
MAY
JUN
1988
II
25
JUL
8 22
AUG
5 19
SEP
9 17 51
OCT
14 28
NOV
1988
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE
'S™! SUM OF Ml, OVERNIGHT RPS ISSUED BY ALL COMMERCIAL BANKS. OVERNIGHT EURODOLLARS ISSUED
TOU s R|sID|NTSBV FOREIGN BRANCHES OF U.S. BANKS. MONEY MARKET DEPOSIT ACCOUNTS. SAVINGS AND
SMALL Tl^irDIC2SAT2*
gfNERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUN6s. FOR MORE
DETAIL, SEE THE H.6 RELEASE.
MONEY STOCK (M2)
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
11/2/87
2/1/88
3/28/88
5/2/88
5/30/88
6. 1
6.8
6.5
6.3
6.0
5.7
5.2
4.9
9.0
7.9
7.3
6.8
6.2
5.5
5.0
7.2
6.5
5.9
5.3
4.5
4. 1
4.9
4.6
4.1
3.4
3.1
4.6
3.9
3.2
2.9
7/4/88
8/1/88
8/29/88
.8
.7
1.3
TO THE AVERAGE
OF FOUR WEEKS
END 1NG:
3/28/88
5/ 2/88
5/30/88
7/ 4/88
8/ 1/88
8/29/88
10/ 3/88
10/31/88
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3. 1
2.4
2.2
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
ALL DEPOSITORY INSTITUTIONS
TOTAL TIME DEPOSITS 1/
LARGE TIME DEPOSITS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED
BILLIONS OF DOLLARS
2000 r---------1---------- 1------
BILLIONS OF DOLLARS
—i------------- ---------i 2000
COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
racn ji, iwoo rnuM
FOUR W&EKS ENDING*
AUG.
29,
JUL.
MAY
4;
30,
988
988
988
988
NOV.
2
988
1987
12.
11.
10.7
10.
TOTAL TIME DEPOSITS
11.
11.
lSfifi
BILLIONS
1959.0
1902.7
1975.9
11111111111111111
LATEST DATA PLOTTED WEEK ENDING* OCTOBER 31, 1988
BILLIONS OF DOLLARS
540
--------,---------- ,------
1M
BILLIONS OF DOLLARS
—1------------------- -1 540
BILLIONS
3
10
524.7
526.5
530.1
531.3
532.5
531.0
LARGE TIME DEPOSITS
7 21
S 19
SEP
OCT
2 16 30 14 28 II
NOV
1987
DEC
JAN
25
8 22
FEB
7 21
4 18
MAR
APR
LATEST DATA PLOTTED WEEK ENDING* OCTOBER 31,
2
16 30 13 27 11
MAY
JUN
1988
JUL
25
8 22
AUG
5 19
SEP
3 17 31
OCT
14 28
N0\
1988
1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.
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
9
10
BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES
dollars
BILLIONS OF DOLLARS
------ ----------------------=1 4-5
1988
MILLIONS
Z— OCT
12
IT- NOV
TOTAL BORROWINGS
2124
26
2
9
2359
2346
2966
I I I I
I I I I
I I I I
LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 9,
1988
BILLIONS OF DOLLARS
2.5 --------------- i------------1-----1988
BILLIONS OF DOLLARS
MILLIONS
ADJUSTMENT + SEASONAL
BORROWINGS
I I I I
2 16 SO 14 28 II 25 0 23
SEP
OCT
NOV
DEC
1987
6 20
JAN
3 17
FEB
2 16 30 13 27 II 25 8 22
MAR
APR
MAY
JUN
1988
LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 9,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5 20
JUL
3 17 31 14 28 12 26 9 23
AUG
SEP
OCT
NOV
1988
"
'
f
3
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
I
1
COMMERCIAL PAPER OF NONE INANCIAL COMPANIES
BILLIONS OF DOLLARS
-------------r
Billions of dollars
1
1 1
MILLION5.
1
91,073
95, OS
95,53J
96,083
97,25< 1
96,36*
II
100
1
_
SEP.28
- OCT. 5
12
19
_
26
_
NOV. 2
s' {
05
1
- liSfi.
100
NOT SEASONALLY ADJUSTED
i----------
95
-f—
r-A •
/
i
I
,A
/•.
n
i
I
1111 .1.11
i
f \
.-J
V
r'
A
A
A
j
/
l\s\
:
.
'u 11
SEP
i
11
OCT
111 JJ11
111
111
11 ii
111
111 -LUI -LI 1 -LLLL
NOV
JAN
FEB
MAR
APR
MAY
DEC
J ill
105
1987
JUN
JUL
AUG
_LLL -LLLL
SEP
OCT
1988
LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 2,
1988
* DASHED LINE REPRESENTS DATA USING A NEW REPORTING PANEL AND IS NOT COMPARABLE TO PREVIOUS DATA.
BUSINESS LOANS^
( COMMERCIAL
AND
INDUSTRIAL )
WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
J»tAJ>UNALLT ADJUSTED
BILLIONS OF DOLLARS
505 --------------- ,------------,------
ILL IONS OF DOLLARS
—i--------------------------- 305
“ COMPOUNDED ANNUAL RATES
- OF CHANGE. AVERAGE OF
the four Weeks ending
“ OCTOBER 26. 1988 FROM
- THE FOUR W&EKS ENDING.
- AUG. 24.
_ JUL. 27,
JUN. 29,
~ MAY 25,
- APR. 27,
JAN. 27,
- OCT. 28,
1988
1988
1988
1988
1988
1988
1987
-2.3-1.5
1.0
2.1
3.4
5.2
4.1
SEP. 21
OCT.
301,157
297,793
5
300,382
301,034
2 10
SEP
30 14 28 II 25 B 23
OCT
NOV
DEC
0 20
JAN
3 17
FEB
HI 1 I I I I I I I I I
2 10 SO
MAR
/ APR
MAY
SEP
OCT
1987
LATEST DATA PLOTTED WEEK ENDING. OCTOBER 26,
1
1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 01.4 BILLION
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Federal Reserve Bank of St. Louis
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
11
DOLLAR'S TRADE-WEIGHTED EXCHANGE
AVERAGES OF DAILY FIGURES
INDEX
1973-100
,973"no
96.9
INI
2 18 90 14 28 II 29
OCT
NOV
B 29
8 20
9 17
JAN
FEB
2 18 90 19 27 II 25
APR
MAY
LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 9,
NOTE.
8 22
8 20
9 17 91
14 28 12 28
SEP
OCT
0 29
196S
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.
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Federal Reserve Bank of St. Louis
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
@FedFRASER