Full text of U.S. Financial Data : October 13, 1988
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RESEAT ■*ARY FettS,-financial Data QQT 1 0 1988 October T3ciol> 13, 1988 THE WEEK'S HIGHEIGHTS: is The civilian unemployment rate fell to 5.4 percent in September from 5.6 percent in August. Since September 1987, total civilian employment rose 2.2 percent while the labor force rose 1.6 percent, allowing the unemployment rate to fall 0.5 of a percentage point. is Payroll employment rose at a 3.3 percent annual rate in the third quarter, slowing slightly from a 3.8 percent rate during the previous three quarters. s The seasonally adjusted merchandise trade deficit (c.i.f. imports) widened to $12.18 billion in August from a revised $9.47 billion in July. The cumulative trade deficit of $92.32 billion for the first eight months of 1988 compares with $113.41 billion for the same period of 1987. Consumer credit outstanding in the June-to-August period rose at a seasonally adjusted 10.2 percent rate from the average of the previous three months and was 9.3 percent higher than a year earlier. IKDF.KM. RBSKRVK BANK of ST IOIIS 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 BILLIONS 581.3 281.8 283.4 282. I 12 26 9 23 7 21 OCT 4 18 NOV 2 16 SO 13 27 10 24 DEC JAN FEB 9 23 MAR 6 20 4 18 APR MAY 1 IS 29 13 27 JUN JUL 10 24 7 21 3 19 AUG SEP OCT 1987 LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING: OCTOBER 5, 1988 THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE _______ _______________________ ... AT FEDERAL S OF FINANCIAL INSTITUTIONS RESERVE BANKS. CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF ALL DEPOSITORY 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 ENDING 0/7/87 12/30/87 7.6 7.8 8.4 7.2 7.8 7.7 7.3 7.2 9.2 9.9 7.7 8.6 8.3 7.7 7.6 3/9/88 4/6/88 5/4/88 6/1/88 6/29/88 8/10/88 5. 1 7.8 7.6 6.8 6.7 5.5 6.2 5.5 5.6 9.6 7.7 7.4 5.5 5.7 4.7 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDING: 3/ 9/88 4/ 8/88 5/ 4/88 6/ 1/88 0/29/88 8/10/88 9/ 7/88 10/ 5/88 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10.7 6.4 8. 1 7.8 7.1 7.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS T MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 782.7 783.1 784.8 784.2 782.2 9 23 SEP 7 21 4 18 DEC OCT 1987 JAN I 15 29 14 28 11 MAR 25 9 23 APR 6 20 JUN 1988 4 18 I 15 29 12 25 10 24 JUL LATEST DATA PLOTTED WEEK ENDING* OCTOBER 3, 1988 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. Ml IS THE SUM OF CURRENCY HELD BY THE NONBANK PUBLIC. DEMAND DEPOSITS. OTHER CHECKABLE DEPOSITS AND TRAVELERS CHECKS. MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 10/5/87 1/4/88 2/29/88 4/4/88 5/2/88 3.5 4.3 5.3 4.3 5.0 5.5 4.9 4.6 7.6 8.7 6.3 7.0 7.6 6.3 5.8 9.7 5.6 6.8 7.6 5.9 5.4 4.5 6.4 7.5 5.6 5.0 3.9 6. 1 4. 1 3.7 6/6/88 7/4/88 8/1/88 4.3 3.5 0.2 TO THE AVERAGE OF FOUR WEEKS ENDING-. 2/29/88 4/ 4/88 5/ 2/88 6/ 6/88 7/ 4/88 8/ 1/88 9/ 5/88 10/ 3/88 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 1 .0 6.3 5.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY MULTIPLIER^ CURRENCY COMPONENT OF MONEY STOCK*/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 3.0 -------------1---------- 1---------- 1------------1988 JUL. AUG. SEP. 2.9 OCT RATIO 3.0 RATIO 25 8 22 5 3 2.779 2.796 2.775 2.786 2.77 Ml MUL TIPLI LR \ *im 111 111 J_U 1 _LLL -LLL ,iiii 2 16 90 14 28 II OCT 1987 NOV DEC 25 8 22 JAN FEB in 7 21 MAR in 16 APR 2.8 1111 mi J-LL Jill 2 16 90 19 27 II MAY JUN 1988 III S 10 JUL 1 1 1 Is 9 17 91 SEP OCT LATEST DATA PLOTTED TWO WEEKS ENDING: OCTOBER 3. 1988 BILLIONS OF DOLLARS 2>2 ------------- 1---------- 1------ BILLIONS OF DOLLARS ----------------- ------------- 212 _ COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF - THE FOUR WEEKS ENDING —OCTOBER 3, 1088 FROM wvivotn j. iwm rrwM THE FOUR WEEKS ENDINGt 6, 1988 5, 1987 CURRENCY BILLIONS 206.0 207.5 207.8 208.7 209.6 209.0 OCT. 1 M I I I I I I I I I I I I I I 9 17 91 AUG 14 28 12 26 SEP OCT 1987 0 7 21 4 18 1 NOV DEC JAN FEB 15 20 14 28 11 25 MAR APR 0 MAY 6 20 JUN 1988 4 18 I JUL AUG 15 20 12 36 10 24 SEP LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 3, 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 r Tr TOTAL CHECKABLE DEPOSITS AVERAGES OF DAILY FIGURES StASUNALLY ADJUSTED BILLIONS OF DOLLARS 580 ------------- 1---------- ,----- BILLIONS OF DOLLARS ------------------------------ 580 BILLIONS 567.5 568.3 567.3 568.8 567.3 565.9 3 17 AUG 31 14 28 12 28 9 23 SEP OCT 1987 NOV 7 21 DEC 4 18 JAN 1 15 2fl FEB 4 MAR APR JUN 18 1 15 29 12 JUL LATEST DATA PLOTTED WEEK ENDING: OCTOBER 3, I DEPOSITORY^?ITUT?ONSS 'S ™E SUM °F DEMAN0 0EP0SITS AND 0THER CHECKABLE DEPOSITS AT ALL TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE 10/5/87 1/4/88 2/29/88 4/4/88 AVERAGE OF FOUR WEEKS ENDING: 5/2/88 6/6/88 7/4/88 8/1/88 TO THE AVERAGE OF FOUR WEEKS ENDING: 2/29/88 4/ 4/88 5/ 2/88 6/ 6/88 7/ 4/88 8/ 1/88 9/ 5/88 10/ 3/88 1.1 2.2 3.6 2.5 3.4 4.2 3.5 3. 1 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6.7 8.3 5.4 6.3 7. 1 5.6 4.9 9.7 4.6 6. 1 7.3 5.3 4.5 3.6 6.0 7.5 5.0 4.1 2.7 5.7 3.2 2•A 12.1 6.0 4.3 3.6 2.2 -2.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 1 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT PERCENT 12.0 I ME BANK LOAN RATE MUNICIPAL 4 18 AUG 2 10 90 19 27 II NOV SEP 25 8 22 5 10 4 18 FEB DEC MAR I 15 20 19 27 MAY 10 24 8 22 5 10 2 18 90 14 28 JUN LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGi OCTOBER 14, 1988. 1988 AUG. SEP. OCT. 5 12 19 26 2 9 16 23 30 7 14 X 21 28 90 DAY CD’S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS* ACCEPTANCES CORPORATE AAA bonds CORPORATE BAA BONDS MUNICIPAL BOM)S XX 8. 10 8.28 8.49 8.48 8.41 8.26 8. 19 8. 16 8.24 8.31 8.30 7.85 8.04 8.23 8. 18 8.20 8.09 8.05 8.03 8. 13 8. 10 8.09 7.94 8.15 8.31 8.30 8.24 8.09 8.04 7.99 8.09 8. 12 8. 12 10.00 10. 10 10. 15 10. 16 10. 14 9.95 9.84 9.73 9.67 9.58 9.55 11.16 11.20 11.23 11.25 1 1.21 11.13 11.02 10.78 10.59 10.45 10.39 7.69 7.83 7.85 7.80 7.76 7.67 7.59 7.62 7.64 7.53 N. A. NOTE* CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE. X AVERAGES OF RATES AVAILABLE XX 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 —i 11.0 11.0 , 5-YEAR TREASURY SECURITIES FEDERAL. RATE DISCOUNT RATE 3-MONTH TREASURY BILL 4 AUG 18 2 10 30 13 27 II SEP NOV 8 22 5 10 4 FEB DEC MAR 18 I 15 20 13 27 10 24 8 22 5 10 2 18 30 14 28 MAY JUN Ig88 '987 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE REEK ENDING] OCTOBER 14, 1988. 1988 AUG. 5 12 19 26 16 23 30 OCT. 7 14 K 21 28 FEDERAL FUNDS 8BK 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL noc l-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 7.84 7.75 8.19 8.02 8.15 8.15 8. 13 8. 17 8.24 8.38 8.27 6.89 6.98 7.C3 7.20 7.28 7.30 7. 18 7. 19 7.30 7.25 7.29 7.15 7.26 7.51 7.51 7.50 7.40 7.41 7.34 7.48 7.46 7.46 7.34 7.59 7.68 7.69 7.65 7.52 7.45 7.51 7.60 7.56 7.49 8.67 8.94 9.05 9.06 8.92 8.68 8.64 8.67 8.73 8.57 8.48 9.21 9.43 9.52 9.51 9.35 9. 11 9. 10 9. 14 9. 17 9.01 8.93 NOTE] CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE EXCLUDING LONG-TERU TRFASIJRV « AVERAifsUWTRA?ErAWIL*«iLE0“'UTED BY ™IS 8ANKL TREASURYB ILL YIELDS ARE ^DISCOUNTBAsIs KE?78fiVAC^?D':MiK, ENDING ™° °AYS «"■'« THAN http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis SHORN PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 MONEY STOCK ( M2 ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 3075 3050 _ AUG, 3033 3036.3 3038.3 3037.5 3025 — OCT BILLIONS OF DOLLARS 3075 3029.2 3000 2925 2900 15 20 14 28 II AUG SEP OCT 1987 NOV DEC JAN FEB MAR 25 APR 0 23 MAY 6 20 JUN 1988 4 18 I JUL AUG 15 20 12 28 10 24 SEP OCT LATEST DATA PLOTTED »€EK ENDING: OCTOBER 3. 1988 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 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 AM) BROKER/DEALER MONEY MARKET MUTUAL FUNDS. FOR MORE DETAIL, SEE THE H.6 RELEASE. MONEY STOCK (M2) COMPOUNDED ANNUAL RATES OF CHANGE, 10/5/87 1/4/88 2/29/88 4/4/88 AVERAGE OF FOUR WEEKS ENDING: 5/2/88 6/6/88 7/4/88 8/1/88 *.9 4.6 4.0 3.4 4.2 3.5 2.8 3.1 2.3 1 .6 TO THE AVERAGE OF FOUR WEEKS ENDING: 2/29/88 4/ 4/88 5/ 2/88 6/ 6/88 7/ 4/88 8/ 1/88 9/ 5/88 10/ 3/88 5.4 6.3 6.6 6.4 6.2 6.0 5.6 5.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10.1 9.8 8.7 8. 1 7.5 6,8 6.1 9.4 7.9 7. 1 6.5 5.8 5.1 6.8 6.0 5.5 4.8 4.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ALL DEPOSITORY INSTI TUT IONS TOTAL TIME DEPOSITS 1/ LARGE TIME DEPOSITS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 2000 r----------- 1---------- r- IONS OF DOLLARS ------- ---------------] 2000 COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF . THE FOUR llfEEKS ENDING OCTOBER 3. 1988 FROM THE FOUR ifcEEKS ENDING: AUG. JUL. JUN. MAY APR. JAN. OCT. 1, 4, 6, 2, 4, 4, 5, 1988 1988 1988 1988 1988 1988 1987 10.6 10.1 9.8 9.4 9.6 10.5 11.2 TOTAL TIME DEPOSITS . 1941.9 1954.3 1760 OCT. 3 11.1 I I I I I I I I LATEST DATA PLOTTED WEEK ENDING: OCTOBER 3, I BILLIONS OF DOLLARS 540 r----------- 1---------- r- ISfifl ye- 1956.2 1959.3 BILLIONS OF DOLLARS —i---------- ------------| 540 BILL IQN$ 29 517.8 518.9 523.3 523.2 525.6 LARGE TIME DEPOSITS 3 17 31 14 28 12 26 SEP 9 23 OCT 7 21 4 18 DEC JAN 1 15 29 14 28 II LATEST DATA PLOTTED WEEK ENDING: OCTOBER 3, 1/ TOTAL TIME MAR 25 9 23 APR 6 20 JUN 4 18 JUL I IS 12 26 10 24 1988 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 1888 ILL IONS OF DOLLARS —---------- -------- n 4-5 MILLIONS TOTAL BORROWINGS 21 28 5 12 2911 2257 2621 2124 LATEST DATA PLOTTED WEEK ENDING: OCTOBER 12, 1988 BILLIONS OF DOLLARS 7 577 21 BILLIONS OF DOLLARS 2.5 1240 ADJUSTMENT + SEASONAL BORROWINGS 2.0 1.5 1.0 0.5 2 16 30 14 26 II 25 6 23 6 20 3 17 JAN 5 10 FEB 0.0 2 16 30 13 27 APR MAY SEP OCT LATEST DATA PLOTTED WEEK ENDING: OCTOBER 12, 1988 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BAM OF ST. LOUIS COMMERCIAL PAPER OF NONFINANCIAL COMPANIES BILLIONS OF DOLLARS 100 90 NOT SEASONALLY ADJUSTED billions of dollars MILLION!2. - AUG. 31 - SEP. 7 _ 14 21 _ 28 _ OCT. 5 — 100 m il r - ]» 90,33e 90.82C 90,342 92,32£ 91,072 95,092 1------- r-A ^ / / ,***\ A V A rJ \ j / = ' A - I r 90 r\- M ill 11 11111 5in 5 *A> i\ \ 111 111 1111 111 111 OCT m NOV DEC JAN FEB 1111 111 MAR APR I# 30 13 ?7 in II 29 MAY 1987 8 22 80 -LLL llll 51-LLL J_LL 6 20 9 17 14 28 12 28 JUN 1988 JUL AUG SEP OCT LATEST DATA PLOTTED WEEK ENDING: OCTOBER 5, 1988 * DASHED LINE REPRESENTS DATA USING A NEW REPORTING PANEL AND IS NOT COMPARABLE TO PREVIOUS DATA. BUSINESS LOANS 17 ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS 27 SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 305 ~ COMPOUNDED ANNUAL RATES _ OF CHANGE. AVERAGE OF THE FOUR WEEKS ENDING JUL. _ JUN. MAY' - APR. 27, 29, 25) 27, 1988 1 1988 1988 L/CAs. JU, - SEP. 30, Ivor 1987 295 MILLIONS AUG. 24 300,534 SEP. 301,447 300,054 301,157 297,817 7 285 .1 1 I I 1 I 1 I I I I I I I 5 10 2 18 90 14 OCT 6 20 NOV 5 17 JAN FEB 2 18 90 19 27 LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 28, APR 11 25 8 22 MAY 8 20 9 17 51 14 28 12 26 SEP OCT 1988 1/ BUSINESS LOANS INCLUDE BANKERS* ACCEPTANCES AND COMMERCIAL PAPER. 2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 81.4 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 98.0 96.9 5 IS 2 IS SO 14 28 II 26 OCT NOV 0 23 6 20 3 17 JAN FEB LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 12, NOTE: 2 IS 30 13 27 II 25 APR MAY 0 22 6 20 3 17 31 14 SEP OCT 1988 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