Full text of U.S. Financial Data : November 17, 1988
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J__________ ___ U.S.^Financial Data November 17, 1988 —NQV 2 £ 1080- - - - - - - - - - - - - - - - - - - - - - - - - - - - - THE WEEK'S HIGHLIGHTS: s Industrial production rose at a 4.4 percent annual rate from September to October and was up 5.1 percent from a year earlier. ^ The total industry capacity utilization rate was 84 percent in October, compared with 81.9 percent in October 1987. is Retail sales grew at an 11.7 percent rate in October, and were up 6.8 percent from a year earlier. is The seasonally adjusted merchandise trade deficit (imports including freight, insurance, and other charges) fell to $10.46 billion in September from $12.27 billion in August. The cumulative trade deficit of $102.9 billion for January through September was down from $127.3 billion in the same period last year. DUE TO THE HOLIDAY ON THURSDAY, NEXT WEEK’S RELEASE WILL BE PUBLISHED LATE. tiik IIDKRVI A RI M Mt IIANK of si; mi is 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 _ - ISM BILLIONS OF DOLLARS BULLIONS. SEP’ 7 £§M “ OCT. __ NOV. 21 5 19 2 283.4 282.1 283.2 283.5 284.4 9 23 SEP 7 21 4 OCT NOV !® 2 19 90 13 27 10 24 DEC JAN FEB 9 23 MAR 9 20 4 19 APR MAY 1087 I IS 29 IS 27 JUN JUL 10 24 7 21 8 19 AUG SEP OCT 2 IS 30 NOV 1988 LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING. NOVEMBER 10, 1988 TI0N5 AT FEDERAL VAULTS OF ALL tiEF1 RECENT DATA ARE PRELIMINARY. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF TWO MAINTENANCE PERIODS ENDING. 11 /I8/87 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDING! V 4/20/88 5/18/88 8/15/88 7/13/88 8/10/88 9/21/88 10/19/88 11/18/88 0.9 0.5 6.4 6.7 0.9 6.6 6.2 6.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2/10/88 4/20/88 5/18/88 6/15/88 7/13/88 6/10/86 9/21/88 4.7 5.0 5.6 6.1 5.8 5.4 5.5 5.1 6.3 6.9 6.3 5.6 5.7 7.3 7.8 6.7 5.8 5.9 8.7 7.0 5.8 5.9 6.3 5.0 5.3 3.6 4.3 4.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 790 782. I 784.9 783.7 780.9 784.6 781.6 7 21 5 10 SEP OCT 2 10 SO 14 20 DEC It 25 8 22 7 21 4 MAR JAN APR LATEST DATA PLOTTED WEEK ENDING, NOVEMBER 7, 18 2 10 SO IS 27 11 25 8 22 5 10 3 17 SI 14 28 1988 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.8 RELEASE. DEPOSITS AND TRAVELERS CHECKS. BY the NONBANK PUBLIC, DEMAND DEPOSITS, OTHER CHECKABLE MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING*. 11/9/87 2/8/88 4/4/88 5/9/88 8/6/88 7/4/88 8/8/88 9/5/88 2.2 3.8 2.9 3.0 4.3 3.9 3.7 3.2 5.6 3.5 4.8 5.4 4.7 4.3 3.6 4.5 6.4 5.8 5.5 4.9 4.0 3.7 5.3 4.0 3.6 2.7 9.2 6.2 5. 1 3.8 4.2 3.5 2.2 1.1 0.2 0.3 TO THE AVERAGE OF FOUR WEEKS ENDING: 4/ 4/88 5/ 9/88 6/ 6/88 7/ 4/88 8/ 8/88 9/ 5/88 10/10/88 11/ 7/88 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY MULTIPLIERi/ CURRENCY COMPONENT OF MONEY STOCK 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED 1986 AUG. SEP. RATIO 22 5 19 3 17 31 OCT. 2.775 2.7C5 2.755 2.776 2.770 2.761 Ml MULTIPLIER 7 21 5 19 SEP OCT 2 IS 90 14 28 II DEC 2B 8 22 7 21 4 MAR JAN APR 18 2 16 90 19 27 11 JUN LATEST DATA PLOTTED TWO WEEKS ENDING. OCTOBER 31, i 1988 ILL IONS OF DOLLARS 216 r COMPOUNDED ANNUAL RATES 7. 6.. 6.1 7.2 7. 7. 1987 M 1988 1988 1988 1988 1988 1988 8.. l 5, 8 4, 6, 9 8, 9, 1 OF CHANGE, AVERAGE OF THE FOUR WEEKS ENDING NO VEMBEF 7, 1988 FR 3M TH E FOUF wfeEKS END 1 JG: — SE P. — AU 6. _ JU L. _ JU N. MA Y " FE B. — NOV. 14 28 1 I i 9 17 91 CURRE NCY 1 212 i 8 19 1 _ - 6 22 M il BILLIONS OF DOLLARS 216 28 JUL _ 200 - „ / r 196 i i 0C1 . NOV . lu. jjjj 1111 7 21 8 19 2 16 SEP OCT NOV 1987 in 111 90 14 28 II DEC JAN .1.1 IX _LLL -U-L 1 1 1 1 28 8 22 FEB 1 1 1 7 21 4 18 2 18 90 19 MAR APR MAY LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 7, JUN 1988 1 1 1 _LLLL 8 22 AUG 10 17 24 31 3 209.0 208.7 209.4 210.0 210.5 7 209.5 — _ ii i 1 i i i i 1 i i i' 8 19 SEP 9 17 91 OCT 14 28 NOV 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 BILLIONS OF DOLLARS 565.8 568.8 566.9 563.6 566.6 564.7 4 18 SEP DEC OCT JAN MAR 2 10 30 13 27 APR JUN 11 25 8 22 S 18 3 17 31 14 28 JUL 1987 LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 7, 1988 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 11/9/87 AVERAGE OF FOUR WEEKS ENDING: 2/8/88 4/4/88 5/9/88 6/6/88 7/4/88 4.9 2.2 3.9 4.8 3.8 3.3 2.4 3.6 6.0 6.6 5.0 4.0 2.9 2.3 4.6 3.0 2.3 1.2 9.8 6.0 4.2 2.6 3.6 2.3 0.7 8/8/88 9/5/88 -1.0 -2.2 -2.2 TO THE AVERAGE OF FOUR WEEKS ENDING: 4/ 4/88 5/ 9/88 6/ 8/88 7/ 4/88 8/ 8/88 9/ 5/88 10/10/88 11/ 7/88 -0.5 1 .8 0.7 1.9 2.7 2.3 2.0 1.5 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES 10.0 CORP1 8.0 7.0 4 18 2 16 SO 13 27 NOV 11 DEC 25 8 22 5 19 4 18 FEB MAR IS 27 MAY 10 24 8 22 5 19 2 16 SO 14 28 11 JUN OCT LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt NOVEMBER 18, 1988 SEP. 2 9 16 23 30 OCT. 7 14 21 28 NOV. 4 1 1 18 X 25 90 DAY CD’S 30-DAY COMMERC1AL PAPER 90-DAY BANKERS' ACCEPTANCES CORPORATE AM BONDS 8.41 8.26 8.19 8. 16 8.24 8.31 8.33 8.38 8.41 8.43 8.55 8.74 8.20 8.09 8.05 8.03 8. 13 8. 10 8.09 8. 13 8. 16 8.22 8.31 8.40 8.24 8.09 8.04 7.99 8.09 8. 12 8. 13 8. 15 8. 18 8. 18 8.34 8.54 10. 14 9.95 9.84 9.73 9.67 9.58 9.54 9.49 9.44 9.39 9.38 9.42 CORPORATE BM BONDS 1 1.21 11.13 1 1 .02 10.78 10.59 10.45 10.41 10.41 10.39 10.33 10.40 10.46 25 NOV 1988. MUNICIPAL BONDS MX 7.76 7.67 7.59 7.62 7.64 7.53 7.52 7.45 7.36 7.33 7.44 N. A. AVAILABLE ^ ^ #F G0VERN°RS' H,S RELEASE#* BOM) 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 —, 11.0 [CUR I TIES TREASURY DISCOUNT RATE ^ 18 SEP 2 18 30 15 2T II 25 OCT NOV 1987 DEC 8 22 5 IB 4 FEB JAN MAR 18 1 IS 29 13 27 10 24 APR MAY JUN 1988 8 22 JUL 5 IB AUG 2 18 30 SEP 14 OCT LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt NOVEMBER 18, 1988 SEP. 2 9 16 23 30 OCT. 7 14 21 28 NOV. 4 1 1 18 X 25 11 25 NOV 1988. FEDERAL FUNDS XX 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL XXX l-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 8. 15 8. IS 8. 13 8. 17 8.24 8.38 8.27 8.27 8.29 8.36 8.31 8.26 7.28 7.30 7. 18 7. 19 7.30 7.25 7.31 7.40 7.42 7.38 7.57 7.89 7.50 7.40 7.41 7.34 7.48 7.46 7.46 7.55 7.54 7.48 7.71 7.87 7.65 7.52 7.45 7.51 7.60 7.56 7.51 7.56 7.55 7.53 7.76 7.92 8.92 8.68 8.64 8.67 8.73 8.57 8.53 8.52 8.47 8.44 8.69 8.77 9.35 9. 1 1 9.10 9. 14 9. 17 9.01 8.98 8.96 8.95 8.84 9.04 9. 10 N0TE‘ « averag!s1oftra?esHaw!ilaLe0MPUTED http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis bv OF GOVERNORS- H. 15 RELEASE EXCLUDING LONG-TERM TREASURY ™ s bank' TREASURY bill FIELDS are on a discount basis. EN0ING fW° DAVS 6“UER THAN DATE PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 MONEY STOCK ( M2 ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 3075 ---------- 1---------- 1------ 3028.8 3034.6 3041.1 3034.3 3039.5 3046.2 _ OCT 3025 BILLIONS OF DOLLARS —|------------- ----------- 3075 — NOV 3000 2975 2975 2950 2950 2900 2900 2875 2875 7 21 3 10 SEP OCT 2 10 30 14 26 1 NOV 1987 DEC JAN 23 9 22 FEB 7 21 4 MAR APR 10 2 16 30 IS 27 MAY JUN 1988 II 25 JUL 8 22 AUG 5 10 SEP 3 17 31 14 28 OCT LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 7, 1988 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.8 RELEASE M2 IS THE SUM OF Ml. OVERNIGHT RPS ISSUED BY ALL COMMERCIAL BANKS, OVERNIGHT EURODOLLARS ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS, MONEY MARKET DEPOSIT ACCOUNTS. SAVINGS AND SMALL TIME DEPOSITS, AND GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUN6S. FOR MORE DETAIL, SEE THE H.6 RELEASE. MONEY STOCK (M2) COMPOUNDED ANNUAL RATES OF CHANGE 11/9/87 2/8/88 6.5 6.7 6.6 6.3 5.9 5.6 5.0 4.9 8.2 7.6 7.0 6.3 5.8 5.0 4.8 4/4/88 5/9/88 AVERAGE OF FOUR WEEKS ENDING: 6/6/88 7/4/88 8/8/88 9/5/88 3.8 3.5 2.5 2.6 3. 1 2.0 2.2 1.3 .8 1.3 TO THE AVERAGE OF FOUR WEEKS ENDING: 4/ 4/88 5/ fl/88 8/ 6/88 7/ 4/88 8/ 8/88 9/ 5/88 10/10/88 11/ 7/88 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6.7 6.0 5.2 4.8 3.9 3,8 5.2 4.4 4. 1 3. 1 3. 1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ALL DEPOSITORY INSTITUTIONS TOTAL TIME DEPOSITS 1/ LARGE TIME DEPOSITS v AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS =—1--------- 1------------1--------- 1111 2000 - COMPOUNDED ANNUAL R/kTES 1970 H_OF CHANGE. AVERAGE )F - THE FOUR *EEKS ENDIhJG - NOVEMBER 7, 1988 FR( >M Z THE FOUR WEEKS END II14G: 1790 1760 m i TOTAL TIME z >EPOSI TS /' r* i 1 1 1 i988 1 1 1 1 1 1 1 1 1 1 1 1 II I 1 1 LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 7. 1 1 1 1 1 II 1 1 1 B1LL 10ua 10 17 24 31 NOV . 7 1 1 1 1968.1 1971.8 1975.2 1975.9 1982.2 JL38& —OCT. 1880 1850 Llu 1 1 I 1 -LLLL i i ~ Z — Z .1 i 1 i i i 1 1790 1760 0 1088 BILLIONS OF DOLLARS 530 1910 1820 m i 1820 1940 11. ii.; » 10. io.: 9.< 10. 10.? III! 1850 1988 1988 1988 1988 1988 1988 1987 I N I IN I 1880 5, 8, 4, 6, 9, 8, 9. TTTT TTTT 1910 - SEP. Z AUG. - JUL. “JUN. - MAY - FEB. ~ NOV. 1970 TTTT 1940 2000 BILLIONS OF DOLLARS 540 BILLIONS 530 526.5 530.1 532.5 531 .0 520 510 LARGE TIME DEPOSITS 500 490 480 470 460 7 21 S 19 SEP OCT 2 16 30 14 28 II DEC 25 8 22 7 21 4 18 JAN LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 7, 2 18 30 13 27 JUN II 25 8 22 5 19 3 17 31 14 28 JUL 1988 1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS. 2/ TIME DEPOSITS 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 AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS 4.5 r----------- ,---------- 1-----1088 ILL IONS OF DOLLARS “1---------- -----------=1 4.5 MILLIONS TOTAL BORROWINGS 10 2283 2 0 16 2346 2066 3500 LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 16, 1088 BILLIONS OF DOLLARS 2.5 446 600 411 251 1 9 16 ADJUSTMENT + SEA SONAL BORROIVINGS 1 540 1 1 ------- M il 1 > i 2.0 MILLIONS 12 19 26 1 OCT. 1 1088 _ 1 _ ILL IONS OF DOLLARS 2.5 1 1 1 n 1 (l - 1 1111 \A v\ NA -LLL 111 2 16 30 M 28 II SEP OCT NOV 1087 JV 1111 25 0 23 DEC A v -LLL -LLL mi 0 23 \J 1 W y Aa >A -LLL -LLL i i i i -LLL -LLL ■U.1 1 -LLL 6 20 3 17 JAN FEB 2 16 30 13 27 II MAR APR MAY 25 8 22 JUN 1988 6 20 JUL 1111 3 17 31 AUG 14 28 12 26 SEP OCT 1 A/ 1 / 1 = NOV LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 16, 1088 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0.0 COMMERCIAL PAPER OF NONFINANC1AL COMPANIES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS _ OCT. BILLIONS OF DOLLARS 105 5 _ NOV. A V 2 i« » 14 a li a OCT NOV 9 23 0 20 JAN 3 17 FEB 2 10 SO IS 27 II 29 APR 0 22 0 20 90 3 17 31 MAY 14 28 12 20 SEP 9 23 OCT LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 9, 1988 * DASHED LINE REPRESENTS DATA USING a NEW REPORTING PANEL AND IS NOT COMPARABLE TO PREVIOUS DATA. BUSINESS LOANS y ( COMMERC1AL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BILLIONS OF DOLLARS ~ COMPOl _ OF Cl THE FOUR - m - AUG. 31, ... AUG. 3. JUN. 29, 1, _ feUAY FEB. 3, NOV. 4, BILLIONS OF DOLLARS 305 ANNUAL RATES AVERAGE OF [EKS ENDING 1 FROM ■NDING: 1088 1088 1988 1988 1988 1987 -1.5 -1.7 - 0.8 2.3 3.0 4.8 4.0 295 290 MILLIONS OCT. 5 NOV. 285 2 300,481 301,034 299,934 I I I I 2 10 30 14 20 11 29 OCT 9 29 NOV 9 20 3 17 2 10 30 13 27 I APR 8 22 0 20 j-i.i j 20 12 26 linn 14 3 17 31 9 23 MAY LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 2, 1988 1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER. 2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 91.4 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 1973-100 94.7 93.8 93.4 2 18 30 14 28 II 25 OCT 9 23 NOV 8 20 3 17 JAN FEB 2 18 30 IS 27 II APR MAY SEP OCT LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 16. 1988 NOTE* 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