Full text of U.S. Financial Data : November 4, 1983

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a/

U.S. Financial Data
Federaltfeserve Bank of St. Louis

November 4,1983

JIBRARY
D3C

5

1913

Since its redefinition in February 1980, the money stock (Ml) has
included ATS and NOW accounts. The turnover rates of these accounts
are markedly slower than demand deposits and much closer to that of
saving deposits (see table). The turnover rate measures the relative
frequency of withdrawals and is computed as the ratio of the debits
against the account during a period to the account's average balance
over the same period.
The turnover rate of demand deposits has risen in each period in
the table. For ATS/NOW accounts, however, it has risen in three periods
and fallen in four; depository changes and national economic conditions
affected this turnover rate. For example, the increase in the ATS/NOW
turnover rate in the first half of 1981 occurred as NOW accounts were
expanded to nationwide availability in January 1981. Conversely, the
introduction of Super NOWs in January 1983 coincided with the abrupt
slowdown of the ATS/NOW turnover rate. Super NOWs require a large
minimum balance which would have raised the average balance of
ATS/NOW accounts—the denominator of its turnover ratio—during the
initial period when they were established. Finally, the slowdown in the
ATS/NOW turnover rate from late 1981 through mid-1982 occurred along
with the recession which began in August 1981 and was also accompanied
by a reduction in the rate of increase of the turnover rate of demand
deposits. Both of these turnover rates picked up again in the last half of
1982 as the recession ended.
—Mack Ott
Average Deposit Turnover Rates at Commercial Banks
Period
January-June 1980
July-December 1980
January-June 1981
July-December 1981
January-June 1982
July-December 1982
January-June 1983
July-August 1983

Demand

ATS/NOW

189.7
208.2
266.1
305.5
310.5
337.8
362.7
378.6

10.6
9.0
15.1
13.8
12.9
16.0
15.1
16.5

Savings!/
3.6
4.0
4.0
4.3
4.4
4.6
5.6
5.0

1/ Excludes ATS/NOW accounts, MMDAs and special club accounts.
Due to the Veterans' Day holiday, this
release will not be published next week.

Views expressed do not necessarily reflect official positions of this Bank or 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
202 ------------- 1---------- 1------

SEP.
OCT.

28

ILL IONS OF DOLLARS
—------------- -----------------

196.6
197.3
197.9
198.0
198.9

— NOV.

I I I I
1

13 29 13 27

OCT

10 24

8 22

NOV

5 19

2

JAN

FEB

10

2

18 30 13 27 11

APR

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 2,

25

8 22

6 20

3 IT 31

14 28

SEP

MAY

12 26

0 23

OCT

1983

THE ADJUSTED MONETARY BASE CONSISTS OF: l 1 ) RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT
FEDERAL RESERVE BANKS. (2) CURRENCY IN CIRCULATION * CURRENCY HELD |Y THE PUBLIC AND IN THE
VAULTS OF ALL DEP0SIt6rY 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.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE
11/3/82

2/2/83

3/30/83

5/4/83

AVERAGE OF FOUR WEEKS ENDING:
6/1/83

6/29/83

8/3/83

8/31/83

6. 1
6.1
5.8
6.2

4.2
4.5
5.3

5.4
6.3

6.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/30/83
5/ 4/83
6/ 1/83
6/29/83
8/ 3/83
8/31/83
10/ 5/83
11/ 2/83

12. 1
1 1 .3
11.4
1 1 .3
10.2
9.8
9.3
S. 2


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Federal Reserve Bank of St. Louis

13.6
13.2
12.7
10.7
10. 1
9.3
9.2

9.8
10.0
7.9
7.6
7. 1
7.3

11.4
8.0
7.5
6.9
7.1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

202

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES

StASUNALLY ADJUSTED

BILLIONS OF DOLLARS
56 ------------- 1---------- ,--------

BILLIONS OF DOLLARS
-------- ------------------------- 56

BJLUONS
53.0
53.8
53.9

OCT

20

NOV

JAN

LATEST DATA PLOTTED WEEK ENDING,

3 17 31

14 28 12 28

0 23

FEB
OCTOBER 26,

mfiOTISB

1983

S^SSFUtD'SFWiPISiJi

PK7£ RESERVE

ADJUSTED RESERVES

TO THE AVERAGE
OF FOUR WEEKS
ENDING*.
3/23/83
4/27/83
5/25/83
6/29/83
7/27/83
8/24/83
9/28/83
10/26/83

COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS
ENDING:
10/27/82
1/26/83 3/23/83 4/27/83 5/25/83 6/29/83 7/27/83
8/24/83

16.6
14.0
12.4
13.0
1 1.3
10.2
8.5
7.8


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

20.2
15.7
15.9
12.9
11.1
8.5
7.6

3.3
7.9
5.5
4.5
2.5
2.2

10. 1
6. 1
4.6
2.2
1.9

7.8
5.3
2.2
1.8

-1.2
-2.2

-2.2

-3.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
525 c---------- .---------- 1------

BILLIONS OF DOLLARS
----------------------------=! 525

BILLIONS
SEP.

I

21

517.5
518.4
517.3
519.8
517.4
518.3

19 29 19 27 10 24

OCT

8 22

NOV

9 19

2 16

JAN

FEB

2 16 90 19 27 II 29
APR
MAY

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 26, 1983
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1 H.6 RELEASE.
HELD°By'thI

IB'S/H&WWiJIEWSSIff 3S¥W»,oms.

ANO OTHER^HECKAB* DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS' CHECKS.

MONEY STOCK (Mil
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

10/27/82

1/26/83

3/23/83

4/27/83

5/25/83

6/29/83

7/27/83

15.5
12.3
14.4
13.9
13.6
12.7
11.4
10.6

13.3
16.8
15.5
14.8
13.2
11.4
10.4

1 1 .7
1 1 .6
1 1.5
10.0
8.3
7.4

18.8
16.3
13.2
10.3
9.0

11.2
8.8
6.6
5.7

7.2
4.9
4.1

2.1

8/24/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/23/83
4/27/83
5/25/83
6/29/83
7/27/83
8/24/83
9/28/83
10/26/83


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK 2/
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED

RATIO

RATIO

RATIO

Ml MULTIPLIER

—

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 26,

1983

BILLIONS OF DOLLARS

ILL IONS OF DOLLARS
—I---------- -------------- M6

H6 --------- .------- r—
COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
kjkj i UPCn CO. 1300 rnUM
-----THE
FOUR WEEKS ENDING

AUG.
jvi_ .
—JUN.
MAY
APR.
— JAN.
OCT.

24,
ci ,
29,
25,
27,
26,
27,

1983
i yoo
1983
1983
1983
1983
1982

CURRENCY

ISfii

BILLIONS

SEP.

21

OCT.

5

143.0
143.6
143.8

J 1 I I I I I I I I I I I
1

15 20 13 27 10 24

SEP

OCT
NOV
1982

2.6

8 22

DEC

5 10

2

JAN

FEB

18

2

18 30 13 27 11

MAR

APR

25

8 22

MAY

6 20

3

17 31

14 28 12 28

SEP

0 23

OCT

LATEST DATA PLOTTED WEEK EfOING: OCTOBER 26. 1983
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

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PERCENT
— 15.0

CORPI

PRIME
LOAN RA'

MUNICIPAL
BONDS

90 DAY

1111111
12 26 10 24

3 IT

7 21

JAN

FEB

MAY

MAR

OCT

JUN

NOV

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. NOVEMBER 4, 1983

2

9
16
23
30
7
14

21
NOV.

28
A *
1 I
18
25

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS*
ACCEPTANCES

9.73
9.54
9.43
9.34
9.17
9.13
9.22
9. 13
9.25
9.24

9.34
9.33
9.28
9. 16
8.97
9.01
9.09
8.98
9.04
9.04

9.58
9.41
9.31
9.20
9.08
9.02
9.13
9.00
9. 1 I
9.07

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS *M

12.54
12.47
12.40
12.31

13.65
13.60
13.55
13.51
13.49
13.44
13.42
13.42
13.52
13.56

9.75
9.67
9.62
9.42
9.46
9.49
9.67
9.68
9.81
N. A.

12.22
12.20
12.22
12.21
12.34
12.38

mUMWff 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 ENDED FRIDAY

PERCENT
14.0

13.0

1 I .0
TREASURY

■CURITIES

10.0
FEDERAL.
FUNDS RATE

3

17

I

15 20 12 28 10 24

7 21

4 18

4 18

JAN

FEB

MAR

I

15 20 13 27 10 24

MAY

1982

8 22

5 10

2 16 30 14 28 II 25

JUN
1983

OCT

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt NOVEMBER 4,

1983
SEP.

OCT.

NOV.

2
9
16
23
30
7
14
21
28
4 X
1 1
18
25

FEDERAL
FUNDS KX

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL *gm

1-YEAR
TREASURY
BILL

9.44
9.53
9.54
9.48
9.04
10.00
9.46
9.36
9.36
9.40

9.26
9. 13
9.08
8.94
8.75
8.62
8.79
8.53
8.66
8.49

9.53
9.40
9.14
9.06
8.84
8.92
8.97
8.79
8.91
8.68

9.64
9.47
9.33
9.15
9.04
8.93
9. 10
8.89
9.02
9.00

5-YEAR
TREASURY
SECURITIES
11.73
11.56
11.46
11.37
11.22
11.15
11.36
11.20
11.39
11.39

NOV

1983

LONG-TERM
TREASURY
SECURITIES
11.89
11.73
11.65
11.56
11.43
11.37
11.62
11.50
11.69
11.70

81 AVERAGES OF RATES AVAILABLE.
808 SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE.
*88* NEW ISSUE RATE
treaIury bill-yielos^oisoounTbIsiI.ARe


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

C0U,UTEB BY T* FEDERAL RESERVE BANK OF ST. LOUIS.

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
TOTAL CHECKABLE DEPOSITS^
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
380
375

370.0
369.0
371.3
368.6
368.9

370
365
360

I I I I
I

IS 29 13 27 10 24

OCT

8 22

19

JAN

NOV

2 16

2 IS 30 13 27 II

APR

FEB

25

8 22

6 20

3 17 31

14 28 12 26

9 23

MAY

LATEST DATA PLOTTED WEEK ENDING-. OCTOBER 26, 1983
1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING:
10/27/82

1/26/83

3/23/83

4/27/83

5/25/83

6/29/83

7/27/83

8/24/83

17.6
13. I
15.9
15.3
15.2
13.9
12.1
1 1.0

13.5
18.3
16.8
16.4
14.4
1 1.8
10.4

11.9
1 1.9
12.4
10.5
7.9
6.7

21 .8
19.5
15. 1
10.9
8.9

12.9
9.5
6.0
4.7

8. 1
3.9
2.7

-0.5
-0.6

-1 .9

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/23/83
4/27/83
5/25/83
6/29/83
7/27/83
8/24/83
9/28/83
10/26/83


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

BILLIONS OF DOLLARS

850
BILLIONS
SEP.

21

701.4
703. 1
702.7
703.5
705.9

■=

750

670
1 15
SEP

29 15 27 10 24 8 22 5 10
OCT
NOV
DEC
JAN

2 18
FEB

2 18 50 13 27 11 25
8 22 8 20
MAR
APR
MAY
JUN
JUL

1982

5 17 31 14 28 12 28 9 23
AUS
SEP
OCT
NOV

1983

LATEST DATA PLOTTED WEEK END INGt OCTOBER 26,

1983

1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

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

October

14
21
28
5
12
19
26

MMMFs 2/

$366.8
366.7
367.4
369.7
368.6
366.6
366.0

$176.2
176.7
176.4
176.7
177.3
177.6
178.4

SUPER NOWs 3/
$34.8
34.5
33.8
35.2
35.9
35.8
35.4

1/ Money market deposit accounts at all depository institutions, effective 12/14/82
7/ 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.


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

PREPARED BY FEDERAL RESERVE BAW< OF ST. LOUIS

9

10
SMALL TIME DEPOSITS-^
COMMERCIAL BANK SAVINGS DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
460
450

=-

440

E-SEP.
=
E-OCT.
=

21
28
5
12

337.7
338.1
339.
342.

=

26

346! C

430

isaa

420
410
400
390
380
370

BILLIONS OF DOLLARS
460

billu

=
=

390

Y

=

380

s

=
1

SMALL TIME

370

)EPOS TS

360
350
340
330
320
310
300

0

360
=

350

=

340

=

330

=

320

=

310

=
Ilu.

JJ LL

111

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 26,

111

i n

III!

1 1 1

i.i i

1983

ILL

1 1 1 1

1 1 1

1 1 1 1

1 U

BILLIONS OF DOLLARS
190 p---------- 1---------- 1------

ISfii
SEP.

21

1 1 1

;
1 1 1.1.

BILLION?
137.0
136.7

SAVINGS DEPOSITS

IS 29

IS 27 10 24

OCT
NOV
1982

0

BILLIONS OF DOLLARS

136.2
135.7
135.5

1

.300

8 22

DEC

5 19

2 10

JAN

FEB

2 16 SO IS 27 II

LATEST DATA PLOTTED WEEK ENDING, OCTOBER 26,

29

8 22

JUN
1983

6 20

JUL

3 17 31

AUG

14 28

SEP

12 26

9 23

OCT

1983

1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 9100,000.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

billions of dollars

4.5
lifii

MJ.Lki.flN5

— SEP. 28
OCT.
5

4.0
3.5

NOV.

2

3.0
2.5
2.0
1.5
1.0

1

IS 20 IS 27 10 24
OCT
NOV

B 22

5 10
JAN

2 IS
FEB

2 16 SO IS 27

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 2,

II 25

B 22

0 20

3 17 31

14 28 12 20
SEP
OCT

fl 23

1983

BUSINESS LOANS y
(COMMERCIAL AND INDUSTRIAL)
WEEKLY REPORT ING LARGE COMMERCIAL BANKS V
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
236

BILLIONS OF DOLLARS
236

TTT

—

_ COMPOUNDED ANNUAL RAT ES
_ OF CHANGE. AVERAGE OF
__THE FOUR WEEKS ENDING
_ OCTOBER 26, 1983 FROM
_ THE FOUR WEEKS ENDING
-4.S
-1.4
-0.2
0.8
-1.1

982

-1 .7

1

- OCT! 27,

~

1

1983
1983
1983
1983
1983

1.1

24,
27,
29,
25,
27,

1

AUG.
JUL.
JUN.
MAY
APR.

1

“
|—
1-

1 1

N

~

1983

111

SEP. 2 1
28
OCT. 5
2

‘‘llll
SEP

!

1 1

111

OCT
NOV
1982

J_1_LL
8 22
DEC

111
5 IS
JAN

-LI

1.
2 16
FEB

1 1 1 1
1 1 1
1 1 1 -LLLL
16 SO IS 27 II 2S
MAR
APR
MAY
JUN
1983

1 1 1

20

JUL

1

k

J , - L i.

IT

k1 ILL 10MS

-

215,064
213,137
_
214,129
_
215,261
___
9
215,020
26
214,605
1 1 II 1 1 II 1 11 1'
S 17 91 14 28
AUG
SEP
OCT

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 26, 1983
1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF 8750 MILLION OR MORE


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

PREPARED BY FEDERAL RESERVE BAM< OF ST,

11

LOUIS

12
LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

285
280
275

224.4
223.5

270

P.O. Box 442

228.5

St. Louis, M issouri 63166

I I I I
I

18 28 IS 27 10 24

OCT
NOV
1082

I 22

8 19

2 18

JAN

FEB

2 18 30 IS 2T II

28

8 22

8 20

3 17 81

M 28 12 28

SEP

8 28

OCT

1083

LATEST DATA PLOTTED WEEK ENDING, OCTOBER 28. 1083
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100,000 OR MORE.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS