Full text of U.S. Financial Data : November 19, 1987

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RRI

RESEA
Federalist!

of St. Louis

nancial Data
Wo
vember 19, 1987

NOV 2 3 1987

THE WEEK'S HIGHLIGHTS:
v*

Industrial production grew at a 7.6 percent annual rate in October.
This level of production was 5.1 percent above a year earlier.

s

The nation's factories, mines and utilities operated at 81.3 percent
of capacity in October, up from 79.1 percent a year ago.

is*

Retail sales declined at a 1.3 percent rate in October, largely because
of a drop in auto sales. October sales were 4.2 percent higher than
a year earlier.
Housing starts fell 8.2 percent in October to a seasonally adjusted
annual rate of 1.513 million units. Through the first 10 months
of 1987, actual housing starts totaled 1.410 million compared with
1.577 million for the same period in 1986.

s

Producer prices of finished goods declined at a 2.8 percent rate in
October and were 2.6 percent above a year earlier.

DUE TO THE HOLIDAY ON THURSDAY, NEXT
WEEK’S RELEASE WILL BE PUBLISHED LATE.

mi;

FKDKKAI
A KlvSI im
Ju ItVVKol

or sum

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

BILLIONS OF DOLLARS
278

ISfil
268.0
266.8
268.0
272.5
271 .6

266

262

10 24

8 22

9 10

3

17 91

14 28 II

JAN

FEB

29 11

25

MAR

8 22

6

9 17

MAY

JUN

I

13 20 12 26

0 23

7 21

4

OCT

NOV

18

LATEST PLOTTED RESERVE MAINTENANCE PERIOD END INOt NOVEMBER 18, 1987
IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL
... CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF ALL
.EPOSITORY INSTITUTIONS) AND 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 AVAILABLE FROM THIS BANK.
RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDINGIt/I9/86

2/11/87

4/22/87

5/20/87

6/17/87

7/15/87

8/12/87

9/23/87

5.8
5.0
3.9
4.4
4.9
5.0
6.3

6. 1
3.7
4.7
5.3
5.3
7.1

0.5
2.8
4.2
4.4
6.6

3.2
4.9
5.0
7.4

7.3
6.8
9.4

6.4
9.9

12.0

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDINGt
4/22/87
5/20/87
6/17/87
7/15/87
8/12/87
9/23/87
10/21/87
11/18/87

8.5
8.8
7.9
6.8
6.9
6.9
6.8
7.7


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
780 ------------- 1---------- ,------

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

757.6
754.0
759.5
768.4
762.8
759. 1

I I I I
1 15 28 13 27 10 24
OCT
NOV

8 22

5 10
JAN

2 IS
FEB

2 18 30 13 27 II 25
APR
MAY

8 22

6 20

3 17 31

14 28 12 28
SEP
OCT

0 23

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 9, 1987
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS" H.6 RELEASE.

BY THE N0NBAM<

DEMAND

PUBLIC'

0THER

DEP0SITS-

CHEa<ABLE

MONEY STOCK ( Ml )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
11/10/86

2/9/87

4/6/87

1 1.4
8.2
4.5
4.4
4.0
4.3
5.3

10.2
3.6
3.7
3.3
3.8
5. 1

5/11/87

6/8/87

7/6/87

8/10/87

9/7/87

2.7
3.9
6.2

3.9
7.1

9.8

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/ 6/87
5/11/87
6/ 8/87
7/ 6/87
8/10/87
9/ 7/87
10/12/87
11/ 9/87

12.8
14.3
12.0
9.2
8.5
7.8
7.6
8. 1


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

-5.9
-2.2
-1.4
0.3
2.3

-2.4
-1.3
0.7
3. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO

1987

RATIO

AUG.
SEP-

24

J.

2.624
?.794

OCT.

_
19
2

_____
2.624
2.811

NOV.

RATIO
3.0

Ml MULTIPLIER

2.9

2.8

I I I I
8 22

6 20

3 17

OCT

NOV

I

15

12 26

JAN

B 23

FEB

9 23

6 20

4 18

APR

MAY

LATEST DATA PLOTTED TWO WEEKS ENDINGt NOVEMBER 2,

1

15 29 13 27

10 24

7 21

5 19

SEP

OCT

2 16 30

1987

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

202
_

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
- THE FOUR WEEKS ENDING
----- NOVEMBER 9, 1987 FROM
_ THE FOUR w£EKS ENDING:

7,

— JUN.
-------NOV.

0,
6,
8,
1,
9
10,

1987
1987
1987
1987
1987
1987
1986

196

11.2
10.1
9.3
8.5
8.3
7.7
8.5

194
CURRENCY

ISfiZ.

BILLIONS
195.0
195.3
95.9
197.2
197.7

1 1 1 1 1 1 11 1 1 I 1 I I II I
1

15 29 13 27

10 24

8 22

OCT
NOV
1986

5 19

2 16

JAN

FEB

2 16 30 13 27 11

APR

25

8 22

MAY

6 20

3

17 31

14

SEP

12 26

9 23

OCT

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 9, 1987
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
575 ------------- 1---------- 1------

lfifll

BILLIONS OF DOLLARS
----------------- ------------- 575

BILLIONS
555.5
551.6
556.6
564.4
558.1

I

15 29 13 27

10 24

OCT
NOV
1086

8 22

DEC

5 19

2 16

JAN

FEB

2 16 30 15 27 11

MAR

APR

25

MAY

8 22

JUN
1987

6 20

JUL

3 17 31

AUG

14

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 0. 1087
DEPOSITORYK^TITUT?ONSS IS THE SUM

DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE
11/10/86

2/9/87

4/6/87

13. 1
8.6
3.8
3.5
2.9
3.3
4.4

10.9
2.4
2.5
1.8
2.4
4.0

5/11/87

AVERAGE OF FOUR WEEKS ENDING*
6/8/87

7/6/87

8/10/87

9/7/87

0.8
2.5
5.1

2.4
6.1

9.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING*.
4/ 6/87
5/11/87
6/ 8/87
7/ 8/87
8/10/87
9/ 7/87
10/12/87
11/ 9/87

14.3
16.4
13.3
9.6
8.7
7.7
7.5
8.0


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

-9.7
-5.2
-4.3
-2.1
0.3

-5.4
-4. 1
-1 .6
1.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

2.0

5 IB

3

17 31

M 28 12 28

NOV

DEC

9 23

6 20

6 20

9 17

FEB

MAR

APR

1

19 29 12 20 10 24

7 21

4 18

2

18 90

19 27

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt NOVEMBER 20, 1987.

1987
SEP.

OCT.

NOV.

NOTEi

4
1 1
18
25
2
9
16
23
30
6
13
20 X
27

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS*
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS MX

7.00
7.38
7.41
7.43
7.80
8. 19
8.73
7.90
7.42
7.26
7.13
7. 19

6.87
7.29
7.35
7.34
7.45
7.52
7.86
7.26
6.95
6.78
6.72
6.82

6.96
7.29
7.35
7.37
7.62
8.04
8.59
7.73
7.26
7.05
6.94
7.09

9.87
10.15
10.28
10.25
10.34
10.48
10.73
10.68
10.25
10.08
9.97
9.96

11.00
11.23
11.40
11.42
11.49
1 1.61
11.78
1 1 .77
11.35
11.28
11.18
11.26

8.05
8.38
8.32
8.30
8.53
8.66
9.17
8.72
8.43
7.90
8.03
N. A.

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.I5 RELEASE.

M AVERAGES OF RATES AVAILABLE

XBK 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

11.0 i—

TREASURY

TREAS

DISCOUNT RATE

5 10

3 17 31

M 28 12 26
NOV
DEC

0 23

8
FEB

6 20
MAR

3 17
APR

1

15 20 12 28 10 24

7 21
AUG

4 18
SEP

2 16 30 13 27

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. NOVEMBER 20,

1987
SEP.

4
11
18
25
OCT.
2
9
16
23
30
NOV.
6
13
20 X
27

1987.

FEDERAL
FUNDS *GK

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL melt

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

6.85
6.95
7.21
7.26
7.56
7.43
7.59
7.37
7.03
6.43
6.68
6.77

6.21
6.39
6.36
6.48
6.62
6.65
6.98
5.70
5. 17
5.62
5.78
5.84

6.34
6.72
6.64
N. A.
6.83
6.96
7.34
7.21
5.98
6.24
6.24
6.33

6.89
7. 16
7. 10
7.14
7.30
7.50
7.70
6.72
6.30
6.42
6.49
6.58

8.69
8.96
8.94
8.97
9. 17
9.39
9.73
8.90
8.38
8.32
8.30
8.36

9.43
9.72
9.69
9.69
9.81
9.92
10.21
9.57
9. 14
9.02
9.00
9.05


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

src SiiisrawrWi wimapsK..
SHOWN

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
COMMERCIAL BANK
SMALL TIME DEPOSITS!/
LARGE TIME DEPOS I TS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

ISfll

BILLIONS

of dollars

BILLIONS
360.8
371. I

SMALL TIME DEPOSITS

LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 9, 1087
BILLIONS OF DOLLARS

ISfiZ.

BILLIONS OF DOLLARS
330

BILLIONS
325

— OCT
316.3

320

321.5
323.7
LARGE TIME DEPOSITS

315

310

305

300

295

290

1

15 20 13 27 10 24
OCT
NOV

8 22

5 10
JAN

2 18
FEB

2 18 30 13 27 11 25
APR
MAY

8 22

6 20
SEP

OCT

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 9, 1087
1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000
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

COMMERCIAL BANK
TO IAL I I ML DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
885

BILLIONS OF DOLLARS
----------------- ------------- 885

------------- 1---------- ,------

ififil
__ OCT.

BILLIONS
860.6
864.0
865.9
871.0
875.4
879.3

OCT

NOV

JAN

2 16
FEB

2 16 30 13 27 11 25
APR
MAY

6 22

6 20

3 17 31 14 28 12 20
SEP

0 23

OCT

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 9, 1987
TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE ,
11/10/88

2/9/87

7.7
8.6
8.8
9. 1
8.5
8.0
r. 7
8.5

9.0
9.2
9.6
8.7
7.9
7.5
8.6

4/6/87

AVERAGE OF FOUR WEEKS ENDING:

5/11/87

6/8/87

10.7
8.4
7.0
6.6
8.4

7.8
6.2
5.9
8.2

7/6/87

8/10/87

9/7/87

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/ 8/87
5/11/87
6/ 8/87
7/ 6/87
8/10/87
9/ 7/87
10/12/87
11/ 9/87


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

11.1
11.3
9.4
8.2
7.6
9.0

3.9
4.3
7.4

4.1
8.4

11.1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

10

BORROWINGS FROM FEDERAL RESERVE BANKS
BILLIONS OF DOLLARS
3.0 ---------- 1------------- ,------

lfifil

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
------------------------------- 3.0

MILLIONS

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDINGt NOVEMBER 18, 1087
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

ADJUSTMENT ♦ SEASONAL
BORROWINGS

13 20 12 26 10 24

7 21

4 IS

4

JAN

FEB

MAR

18

1

15 20 13 27

MAY

10 24

JUN

8 22

3 10

2

IB 30 14 28

OCT

II

25

NOV

LATEST DATA PLOTTED WEEK ENDINGt NOVEMBER 18, 1087


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

w

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS

of dollars

too
95
_ NOV.

4

80,258

82,283
79,937
90

85

80

75

5 17

1

15 29 12 28 10 24

7 21
JAN

4 18
FEB

4 18
MAR

I

18 29 13 27 10 24
MAY

LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 11,

8 22

8 19

JUN

2 16 30 14 28 11 28
OCT
NOV

0

1987

BUSINESS LOANS u
( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORT ING LARGE COMMERCIAL BANKS 2/
StASUNALLY ADJU5TED

BILLIONS OF DOLLARS
295 ---------- --------------------

ILL IONS OF DOLLARS
------1---------- 1---------- 295
COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR ifcfEEKS ENDING
NOVEMBER 4, 1987 FROM
THE FOUR WEEKS ENDING:
SEP.
AUG.
JUL.
JUN.
MAY
FEB.
NOV.

2,

1987
1987
1987
1987
1987
1987
1986

5,
1,
3,
8,

A,

5,

12.1
7.8
0.3
-1.5
-0.7
-4.0
5.1

MILLIONS
SEP. 30
OCT. 7

NOV.
1

IS 29 12 28 10 24

7 21
JAN

4 18
FEB

4 18
MAR

I

15 29 13 27 10 24
MAY
JUN

8 22

4

I I I I I I I I I I I I I I
5 19 2 16 SO 14
OCT

NOV

LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 4, 1987
1/ BUSINESS LOANS INCLUDE BANKERS’ ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 81.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11