Full text of U.S. Financial Data : November 6, 1986

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y

RESEARCH LIBRARY
Federal Ressrve Bank

of
NOVI

LkSLEinancial Data

0 1986

November 6, 1986

During the first nine months of 1986 business loans at all commercial banks
have grown at a very slow 3 percent annual rate. Moreover, as shown in the
table below, the growth rate of these loans has slowed even more during the
year. At large weekly reporting commercial banks, the growth rate of business
loans has been even slower (page 11).
The other principal categories of commercial bank lending have been
substantially more active. Real estate loan growth, in particular, has been rapid
throughout the year. Consumer loans, after rapid expansion in the first quarter
of 1986, have slowed to a more moderate pace.

Loans Made by Commercial Banks
(seasonally adjusted, compounded annual rates)
Period

Business

12/85-3/86
3/86-6/86
6/86-9/86

Real estate

5.4%
2.1
1.7

13.6%
14.1
14.1

Consumer
11.4%
6.8
5.8

Total'
12.1%
3.7
7.5

'Includes other loan categories in addition to business, real estate and consumer.

—Mack Ott

THK

FEDERAL
A RESERVE
an IIANK of

ST. LOUIS

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
254

'LL IONS.

252

247.8
247.8
249.4

250

248

246

244

242

240

238

236

234

232
I I I I
II

28

9 23

6 20

NOV
1985

4 19

I

DEC

IS 29 12 20 12 26

FEB

9 23

MAR

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING

7 21

4 18

MAY

JUN
1986

2 16 30 13 27

AUG

10 24

8 22

5 19

SEP

NOVEMBER 5, 1986

INSTITUTIONS
AT FEDERAL
.
TED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL ll._.
ANKS.
"XL..CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THEVAULTSOF ALL
IN$T
&TITUT IONS) AND AN ADJUSTMENT FOR RESERVE REQUIREMENT
-----THE
----- MAJOR
----- ----------.. RATIO
____ _ ___
_______
DATA ARE COIFUtED BY THIS
THE ADJUSTE MONETARY BASE IS FEDERAL RESERVE CREDIT.
IPTION OF THE ADJUSTED MONETARY BASE
I------- IS AVAILABLE FROM THIS BANK.
A DETAILI
------- LED DES

THE ADJI
RESERVE
BANK.

RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS END 1NG;
1/6/85

1/29/86

4/9/86

5/7/86

3/4/86

7/2/86

7/30/86

9/10/86

9.5
6.7
8.3

5.4
7.8

6.7

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING:
4/ 9/86
5/ 7/86 %*
6/ 4/86
7/ 2/86
7/30/86
9/10/86
10/ 8/86
11/ 5/86

7.9
7.7
8.5
8.2
8.4
8.5
7.8
8.2


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

9. 1
10. 1
9.4
9.5
9.4
8.3
8.9

10.2
8.8
9.1
9. 1
7.7
8.5

9.8
9.9
9.6
7.8
8.7

8.0
8.5
6.5
7.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

|

MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
720

Biikj-flbta
710

694.7
701 .6
696.6
702.5
704.2

700

690

680

670

660

650

640

630

2 16 30 14 20 II

OCT

23

9 23

NOV

6 20

3 17

JAN

FEB

3 17 31

0 23

14 28 12

APR

7 21

4

18

1

IS 29 13 27 10 24

OCT

MAY

NOV

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 27. 1986
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
Ml IS THE SUM OF CURRENCY HELD BY THE N0N8ANK PUBLIC. DEMAND DEPOSITS. OTHER CHECKABLE
DEPOSITS AND TRAVELERS CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

10/28/85

1/27/86

3/24/86

4/28/86

5/26/86

6/30/86

7/28/86

8/25/86

9.5
10.5
12.6
13. 1
13.6
14.2
14. 1
14.2

1 1 .8
15.3
15.5
15.8
16.4
16.0
15.9

20.2
18.8
18.5
18.9
17.8
17.5

21.2
20.1
20.1
18.6
18.0

16.9
17.9
16.7
16.4

19.0
16.9
16.4

16.5
16.0

14.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/24/88
4/28/86
5/26/86
6/30/86
7/28/86
8/25/86
9/29/86
10/27/86


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY MULTIPLIER^
CURRENCY COMPONENT OF MONEY STOCK s
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED
1986
AUG.
SEP.
OCT.

11
25
8
22
6
20

RATIO
2.774
2.777
2.785
2.796
2.798
2.795
Ml MULTIPLIER

9 23

SEP

7 21

4 18

OCT
NOV
1985

2

18 30 13 27

DEC

JAN

10 24 10 24

FEB

MAR

7 21

S 19

2 16 30 14 28 II 28

APR

MAY

JUN
1986

JUL

8 22

AUG

SEP

6 20

3 17

OCT

NOV

LATEST DATA PLOTTED TWO WEEKS ENDING: OCTOBER 20, 1986
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
184

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
OCTOBER 27. 1986 FROM
THE FOUR WEEKS ENDING:
AUG.
JUL.
JUN.
MAY
APR.
JAN.
— OCT.

25, 1986
28, 1986
30. 1986
26, 1986
28, 1986
27, 1986
28, 1985

182

180

8.0
8.6
8.0
7.6
8.0
7.2

178
CURRENCY
176

174

172

ILL IONS
2;

SEP.

170

168
1 1 1 1 I 1 1 I 1 I 1 I I I 1

l l i l
2

16 30 14 28 11

OCT

25

9 23

NOV

6 20

3 17

JAN

FEB

3 17 31

14 26 12 28

APR

9 23

MAY

7 21

4 16

JUL

AUG

I

18 29 IS 27

OCT

NOV

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 27. 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

TOTAL CHECKABLE DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

SEP.

22

BILLIONS OF DOLLARS

508.3
506.8
514.7
514.6
515. Q

■=

2 10 90 14 28 II

OCT

29

9 29

NOV

6 20

9 17

JAN

FEB

9 17 91

LATEST DATA PLOTTED WEEK ENDING-. OCTOBER 27,
TOTAL,SES^Skl,JS IS THE SUM
UcrOSI TORY

H 20 12 20

APR

0 29

7 21

4

18

1

15 29 19 27

MAY

OCT

10 24

NOV

1986

DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL

INSTITUTIONS.

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
10/26/85

1/27/86

3/24/86

4/28/86

5/26/86

6/30/86

7/28/86

8/25/86

23.0
20.6
19.7

19.8
18.8

16.8

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/24/86
4/28/86
5/26/86
6/30/86
7/28/86
8/25/86
9/29/86
10/27/86

10.3
1 1.9
14.7
15.5
16.2
16.8
16.8
16.8


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Federal Reserve Bank of St. Louis

14. 1
18.8
19.0
19.5
20. 1
19.6
19.3

25.7
23.6
23.4
23.4
22.2
21.5

26.5
25.2
24.9
23.0
22.0

21.1
21.8
20.4
19.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

460

I

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

PERCENT

12.0

CORRI
Aaa BO

10.0

MUNIC

7.0

90 DAY

5.0

6 20

4

SEP

OCT

18

I

15 29 19 27 10 24

7 21

7 21

4

FEB

MAR

APR

IB

2

16 50 IS 27

JUN
1986

1985

11

25

8 22

5

19

3 17 51

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: NOVEMBER 7,

1986
SEP.

OCT.

NOV.

NOTE:

5
12
19
26
3
10
17
24
31
7 *
14
21
28

14 28

JUL
1986.

90 DAY
CD'S

30-DAY
COMMERC1AL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS *»

5.49
5.71
5.75
5.79
5.77
5.59
5.69
5.78
5.68
5.66

5.59
5.72
5.78
5.79
5.83
5.67
5.73
5.78
5.74
5.75

5.43
5.64
5.66
5.68
5.66
5.45
5.62
5.69
5.60
5.57

8.74
8.85
8.95
8.97
8.90
8.86
8.88
8.89
8.80
8.71

10.08
10.21
10.24
10.24
10.21
10.20
10.22
10.23
10.19
10. 10

7.00
7. 15
7. 14
7. 15
7. 19
7.06
7.08
7.1 1
6.94
N. A.

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE.

K AVERAGES OF RATES AVAILABLE

KM 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

11.0

FEDERAL.
FUNDS RATE

9.0

TREASURY SECURITIES

DISCOUNT RATE

6.0
3-MONTH
TREASURY BILL

5.0

6 20

4

SEP

OCT

18

I

15 28 13 27

10 24

7 2!

7 21

4

FEB

MAR

APR

18

2

16 SO 13 27

JUN

II

25

8 22

5 10

3 17 31

14 28

JUL

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt NOVEMBER 7, 1986.

1986
SEP.

OCT.

NOV.

NOTEt
*

5
12
19
26
3
10
17
24
31
7 x
14
21
28

FEDERAL
FUNDS XX

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL XXX

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

5.83
5.82
5.88
5.81
6.08
5.75
5.83
5.91
5.86
6.02

5.21
5.20
5. 18
5.24
5.19
5.05
5.20
5.29
5. 19
5.24

5.17
5.35
5.34
5.39
5.37
5. 13
5.22
5.39
5.21
5.30

5.35
5.46
5.48
5.47
5.47
5.27
5.41
5.49
5.43
5.41

6.63
6.96
7.01
6.99
6.93
6.72
6.88
6.92
6.80
6.71

7.80
8. 1 1
8.24
8.20
8.05
7.99
8. 18
8. 16
7.98
7.84

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE EXCLUDING LONG-TERM TREASURY
COMPUTED BY THIS BANK.
TREASURY BILL YIELDS ARE ONA DISCOUNT BAS IS.

* AVtHAvjto Or nATco AVAILABLE

XX SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN
XX* AUCTION AVERAGE (DISCOUNT)


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
COMMERCIAL BANK
SMALL TIME DEPOSITS^
LARGE TIME DEPOSITS v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
415

11

BILLIONS OF DOLLARS
415 -------------1---------- 1---------- 1------------I
IM
BILLIONS

i

OCT

22
29
6
13
20
27

371.9
371.2
370.3
368.«
367.
365.7
SMALL TIME

in i

SEP.

_

i

I

JEPOSI TS

i

i i

i

i

11 11

111

11

i

i

11

i

-

i

375

365

365

!W

m“
111

1.111

111

1 l l

.11.1

INI

111

LATEST DATA PLOTTED WEEK ENDING-. OCTOBER 27, 1986

1

u...

1 1 1 1

1 1 1

1 1 1

1111

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

BILLIONS OF DOLLARS
295 ------------- 1---------- 1-----

SEP.

22

— OCT.

in-

281.4
280.0
278.4
279.3

LARGE TIME DEPOSITS

2 16 30 14 28 II

OCT

23

0 23

NOV

8 20

3 17

JAN

FEB

3

17 31

14 28 12 26

APR

0 23

MAY

4

18

I

13 20 13 27

OCT

10 24

NOV

LATEST DATA PLOTTED WEEK ENDING-. OCTOBER 27, 1986
1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000
2/ 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

COMMERCIAL BANK
TOTAL TIME DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

=—1—
I
1986
BILLISMS
- SEP. 22
9
29 792.
- OCT. 6
5
13 BA: 9
20 792. 3
1
27

JU:

(

\
s

V\

2

/

' '\

2

V

1

111

TTTT TTTT

790

""N

TTTT

2

/ \

BILLIONS OF DOLLARS

1111. J .L .L L

BILLIONS OF DOLLARS
810

780

ML
*iiii
2

2
in. 111

1111

OCT
NOV
1985

DEC

10 30 14 28

SEP

9 23

in -L1.J

111 1

6 20 3 17

9 17 91

JAN

MAR

FEB

1 1 1

1 1 1 1 _LLL -LLL III! J_LL ML
7 21 4 18

1 1 1

14 28 12 26 9 29

APR

MAY

JON
1986

I

JUL

AUG

15 20 19 27

SEP

OCT

10 24

NOV

LATEST DATA PLOTTED WEEK ENDING! OCTOBER 27. 1986
TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
0/28/85

1/27/86

AVERAGE OF FOUR WEEKS ENDING:

3/24/86

4/28/86

5/26/86

6/30/86

7/28/86

8/25/86

-4.0
-3.9
-2.9
-2.3
-1.7
-2.1

-6.0
-4.0
-5.0
-2.1
-2.5

-1.8
-1.1
-0.6
-1.3

0.5
0.6
-0.7

0.7
-1.0

-1.7

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/24/86
4/28/86
5/26/86
6/30/86
7/28/86
8/25/86
9/29/86
10/27/86

7.0
5.6
3.6
2.5
2.3
2. 1
2.0
1.5


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Federal Reserve Bank of St. Louis

0.8
-1 .6
-2.0
-1.6
-1.4
-1 . 1
-1.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

810

805

10

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
6.0

BILLIONS OF DOLLARS

----- r-----------1---------

---------------

186ft

29

TOTAL BORROWINGS

6.0

MILLIONS.

715

LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 5, 1986
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
2-5 ---------- --------------1-7

ADJUSTMENT + SEASONAL
BORROWINGS

4 16

2 16 SO IS 27

OCT

It

NOV

25

6 22

JAN

6 16

5 10

FEB

MAR

2 16 90 14 26 11

APR

1985

25

JUN
1986

0 23

6 20

9 17

1

AUG

SEP

OCT

IS 29 12 26

NOV

LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 5, 1966
1/ 63.767 FOR 11/27/85


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
95

SEP. 24
OCT. 1
87)108

4 18

2

10 50 IS 27

NOV

11

29

8 22

DEC

8 10

8 10

FEB

MAR

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 29,

2 10 SO M 28 II

MAY

28

9 29

JUN

8 20

9 17

AUG

SEP

I

18 29 12 26

1986

BUSINESS LOANS u

( COMMERCIAL

AND

INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
:c, iwoo rnow
THE FOUR W&EKS ENDING:

JUL. 23
MAY
APR.
JAN.
_ OCT.

21,
23,
22,
23,

MILLIONS

OCT.

1

259,487
260,277

4

18

2

16 90 19 27

NOV

II

DEC

25

8 22

8 10

5 10

FEB

MAR

2 16 90 14 26 II

MAY

28

9 29

JUN

11.1.
M 1 1 1 I1 I 15I 1 29I I 12
6 20 9 17
AUG

26

SEP

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 22, 1986
1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 01.4 BILLION
If


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11