Full text of U.S. Financial Data : October 14, 1983

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Financial Data
sral Reserve Bank of St. Louis

October 14,. 1983

JBRARY
°CT 1 8 1983

The Depository Institutions Deregulation
Committee (DIDC) has voted to phase out the $2,500
minimum denomination for money market deposit
accounts (MMDAs), Super NOW accounts and 7- to
31-day ceiling-free time deposits. Currently, these are
the only ceiling-free deposits that have minimum
denominations.
For deposits used as Individual Retirement
Accounts (IRAs) or Keogh retirement accounts, the
$2,500 minimum denomination will be eliminated on
December 1, 1983. For other MMDAs, Super NOW
accounts and 7- to 31-day ceiling-free time deposits,
the minimum denomination will be lowered to $1,000 on
January 1, 1985, and eliminated on January 1, 1986.
An individual's maximum, tax-deductible contribution
to an IRA is $2,000 annually. The committee's action
allows individuals to earn a ceiling-free interest rate on
periodic contributions to their retirement accounts,
while they decide on permanent investments for
retirement.
The DIDC also has increased from 5-1/4
percent to 5-1/2 percent the ceiling rate that
commercial banks can pay on passbook savings accounts
and 7- to 31-day time deposits with denominations of
less than $2,500. The new rate becomes effective on
January 1, 1984. It eliminates the prevailing 1/4
percent differential between the interest rates that
commercial banks and thrift institutions are allowed to
pay on these deposits. Elimination of this differential
is mandated by the Garn-St Germain Act of 1982.
•Donald M. Brown

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

BILLIONS OF DOLLARS
200
198

196.7
197.4
196.6
197.3
197.9

OCT.

196
194
192
190
188
186
184
182
180

4

18

I

15 20

IS 27 10 24

OCT
1982

NOV

8 22

S

10

JAN

2

16

2

16 30

FEB

13 27

APR

II

25

8 22

6 20

3 17 31

MAY

14 28

SEP

12 26

OCT

1963

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 12. 1983
THE ADJUSTED MONETARY BASE CONSISTS OF: ( 1 ) RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT
FEDERAL RESERVE BANKS. (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY 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 BAT*.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE
10/13/82

1/12/83

1 1.9
11.6
11.1
11.5
10.7
10. 1
9.6
9.3

14.4
12.8
13.0
11.6
10.7
9.9
9.4

3/9/83

AVERAGE OF FOUR WEEKS ENDING:

4/13/83

5/11/83

8/15/83

7/13/83

8/10/83

11.1
8.9
7.9
7.3
7.0

9.4
7.9
7.2
6.9

4.4
4.8
5.0

5.1
5.2

5.4

TO THE AVERAGE
OF FOUR WEEKS
ENDING.
3/ 9/83
4/13/B3
5/11/83
6/15/83
7/13/83
8/10/83
9/14/83
10/12/83


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

9.2
10.8
9.3
8.5
7.9
7.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
BILLIONS OF DOLLARS
56
1
1—1—
1231
-

—

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
56

BILLIONS

AUG.
SEP.

31
7
M
21

oc T.

5

53.8
54.6
53.9
54.4
S3 n
53

A\

8

"A

A

f\

*—t

r\r1

*—

V

11

N

J
-A
_/N

n

-

A

50

N

48

sl 11

..mi

11 1

111

1111

111

111

1111

111

111

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

1982
LATEST DATA PLOTTED WEEK ENDINGi OCTOBER 5,

i i i i

•

111

1111

JUL

AUG

17 91

22

JUN
1983

1 1 1
14

SEP

-lll:
I 12 21
OCT

1983

§®LDugtSc?A?5 circulatioShlesI ffiW&b11 W^aIS publIc1: RESWVE

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES
10/8/82

1/5/83

3/2/83

17.5
14.4
13.9
12.5
11.1
9.4
7. 1

10.3
1 1 .0
9.6
8.3
6.7
4.2

CHANGE, AVERAGE OF FOUR WEEKS ENDING:
4/6/83

5/4/83

6/8/83

7/6/83

8/3/83

3.7
2.2
-1. 1

1 . 1
-2.9

-5.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/
4/
5/
6/
7/
8/
9/
10/

2/83
6/83
4/83
8/83
6/83
3/83
7/83
5/83

15. 1
15.0
13.7
13.5
12.6
11.6
10.3
8.5


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

9.0
7.7
6.5
5.0
2.3

9.0
6.9
4.9
1.8

PREPARED BY FEDERAL RESERVE BARK OF ST. LOUIS

3

MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

1M
AUG.
SEP.

4 18

1

31
-

BILLIONS OF DOLLARS

BILLIONS
518.4
515.5
517.5
518.3
517.2

IS 29 13 27

OCT

10 24

NOV

8 22

3 19

2 16

JAN

FEB

2 16 30 13 27

11

25

6 22

6 20

3 17 31

14 26 12 26

1983
LATEST DATA PLOTTED WEEK END ING: OCTOBER 5, 1983
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.B RELEASE.
Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS C0M4ERCIAL BANK DEMAND DEPOSITS
HELD BY THE NONBANK PUBLIC (EXCLUDING THOSE HELD BY FOREIGN BANKS AND OFF ICIAL INST ITUT IONS>
AND OTHER CHECKABLE DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS’ CHECKS.

MONEY STOCK ( Ml )
COMPOUNDED ANNUAL RATES OF CHANGE
10/6/82

AVERAGE OF FOUR WEEKS ENDING:

1/5/B3

3/2/83

4/6/83

5/4/83

17. 1
11 .9
16.4
14.2
14. 1
11.9
10.9

5.8
14.9
12.0
12.3
9.8
8.9

15.4
1 1.3
1 1.9
8.9
7.9

18.6
17. 1
1 1.8
10. 1

6/8/83

7/6/83

8/3/83

8.0
4.5
4. 1

5.4
4.6

0.8

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/
4/
5/
6/
7/
8/
9/
10/

2/83
6/83
4/83
8/83
6/83
3/83
7/83
5/83

15.4
15. 1
12.4
15.2
13.8
13.8
12.2
11.4


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
StASUNALLY ADJUSTED

RATIO

1983

RATIO

y

-

RATIO

i:iil

OCT.
Ml MULTIPLIER

I I I I
LATEST DATA PLOTTED WEEK ENDING* OCTOBER 5.

1983

BILLIONS OF DOLLARS
146 ---------- *------------- ,------

ILL IONS OF DOLLARS
---------------------------- M6

COMPOUNDED ANNUAL RATES
nHE wwmc
. AvcriAiac
ur
FOUR *fEEKS
ENDING
983 FROM
ENDING*

— JUN.
— JAN.
_ OCT.

3,
6,
8,
4,
6,

1983
1983
1983
1983
1983

6,

1982

CURRENCY

1983.

BILLIONS
142.3
142.8
143.0
143.6

143.5
1

AUG

15 29 13 27 10 24

SEP

OCT
1982

NOV

8 22

DEC

5 19

2

JAN

FEB

18

2

16 30 13 27

MAR

APR

11

25

MAY

8 22

1

I I 1 I I I I I I I I I I I I

6 20

3 17 31

14 28

SEP

12 20

OCT

LATEST DATA PLOTTED WEEK ENDING* OCTOBER 5, 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

16.0

CORPORA
AAA BON

12.0

PRIME BANK
LOAN RATE
MUNICIPAL
BONDS

COMMERCIAL
PAPEI

6 20

9

17

1

15 20 12 28 10 24

7 21

4 18

4 18

JAN

FEB

MAR

1

IS 20 19 27

MAY

10 24

8 22

5 10

2

IS 50

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: OCTOBER 14,

1983
5
12
19
26
SEP.
2
9
16
23
30
OCT.
7
14 *
21
28

AUG.

14 28

JUN
1983

90 DAY
CO'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
AAA BONDS

CORPORATE
Baa BONOS

MUNICIPAL
BONDS XX

9.82
9.99
9.78
9.49
9.73
9.54
9.43
9.34
9. 17
9.13
9.23

9.42
9.59
9.46
9.20
9.34
9.33
9.28
9. 16
8.97
9.01
9.09

9.70
9.87
9.62
9.40
9.58
9.41
9.31
9.20
9.08
9.02
9.13

12.62
12.71
12.40
12.32
12.54
12.47
12.40
12.31
12.22
12.20
12.23

13.64
13.75
13.63
13.55
13.65
13.60
13.55
13.51
13.49
13.44
13.43

9.74
9.85
9.70
9.59
9.75
9.67
9.62
9.42
9.46
9.49
N.A.

«**0ONOGBurER'S*AvlpiG€lliNDEX 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 ENDED FRIDAY
16.0

5-Y EAR
TREASURY SiECUR ITIES

10.0
FUNDS RATE

3~M(
TREASUf

JAN

FEB

MAR

1982

1983

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. OCTOBER 14, 1983

1983
AUG.

SEP.

OCT.

5
12
19
26
2
9
16
23
30
7
14 *
21
28

FEDERAL
FUNDS XX

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL xx*

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

9.59
9.66
9.67
9.41
9.44
9.53
9.54
9.48
9.04
10.00
9.46

9.41
9.52
9.35
9.15
9.26
9. 13
9.08
8.94
8.75
8.62
8.80

9.56
9.70
9.55
9.29
9.53
9.40
9. 14
9.06
8.84
8.92
8.97

9.71
9.80
9.50
9.37
9.64
9.47
9.33
9.15
9.04
8.93
9. 10

1 1.74
11.89
11.49
11.34
11.73
11.56
11.46
11.37
11.22
11.15
11.36

11.92
12.01
11.65
11.54
11.89
11.73
1 1 .65
11.56
11.43
11.37
1 1 .61

* AVERAGES OF RATES AVAILABLE.
X8K SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE.
*** NEW ISSUE RATE
RATES ON LONG-TERM TREASURY SECURITIES ARE COMPUTED BY THE FEDERAL RESERVE BANK OF ST. LOUIS.
TREASURY BILL YIELDS ON DISCOUNT BASIS.


http://fraser.stlouisfed.org
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
380
---------------------- i-----

.1.983.

BILLIONS
366. I
371.3
368.0
369.8
369.9
369.0

~ OCT

4 IS
AUG

BILLIONS OF DOLLARS
----------------------------380

IS 20 13 27

SEP

OCT
1982

10 24

NOV

8 22

DEC

5 10

2

JAN

FEB

IS

2 IS 30 13 27 11

MAR

APR

MAY

25

8 22

JUN
1983

6 20

JUL

3

17 31

AUG

14 28 12

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING* OCTOBER 5, 1983
1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
10/6/82

AVERAGE OF FOUR WEEKS ENDING*

1/5/83

3/2/83

4/6/83

5/4/83

18.5
11.6
18.0
15.2
15.5
12.5
1 1 .1

3.3
15.8
12.4
13.3
9.9
8.5

17.2
12.0
13.3
9. 1
7.6

22.2
20.8
13.3
10.7

6/8/83

7/6/83

8/3/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING*
3/
4/
5/
8/
7/
8/
9/
10/

2/83
8/83
4/83
8/83
6/83
3/83
7/83
5/83

18. 1
17.2
13.4
17.2
15.4
15.6
13.4
12.3


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

9.0
3.8
2.8

5.0
3.3

-2.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TOTAL TIME DEPOSITSi/
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

850 pr
840

=AUG.

51

700.2
700.7
701 .8
701.5
702.0
703.5

I I I I
a 22

OCT

NOV

5

19

JAN

2

16

2 16 30 13 27

APR

FEB

II

25

8 22

6 20

3 17 31

14 28 12 26

SEP

MAY

OCT

1983

1982
LATEST DATA PLOTTED WEEK ENDING: OCTOBER 5, 1983

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

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

October

24
31
7
14
21
28
5

MMMFs 2/

$365.2
364.7
366.2
366.8
366.7
367.4
369.5

$177.1
176.6
176.5
175.8
176.3
176.0
176.4

SUPER NOWs 3/
$33.4
33.5
34.7
34.8
34.5
33.8
35.0

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

1/ Total money market mutual fund balances.
1/ 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 BANK OF ST. LOUIS

9

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

BILLIONS OF DOLLARS
460
450

-

440

— AUG.
SEP.

IS&a

BILLIONS OF DOLLARS
460
=

B.ILLIQNS

31
7

335.1
335.5

21

337.*

E
E

430
420

OC T.

5

339.

410

E

!

=

400

390

Y
s

360
=
E

360
350
340

SMALL

TIME DEPOS

TJ

390
380
370

\

360

\

E
i

350

V

=

340

330
320
310
300
0

330

E

320

E

310

E

300

j1ll

111
1111 -LLL -LLL .mi
lLLLL 1 1 1
LATEST DATA PLOTTED «EEK ENDING: OCTOBER 5, 1983

111

iii

INI

dll,

BILLIONS OF DOLLARS
185

420
410

400

370

430

1111

.LLL JJJ

BILLIONS OF DOLLARS
----------------------------=1 185

rz------- 1------------- 1----ILL IONS

137.0

SAVINGS DEPOSITS

I

AUG

15 29 15 27 10 24

SEP

OCT
1982

0

NOV

8 22

DEC

5 19

2

JAN

FEB

18

2 18 30 13 27

MAR

APR

II

MAY

25

8 22

JUN
1983

6 20

JUL

3 17 31

AUG

14 28 12 28

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 5, 1983
1/ COMMERCIAL BAM TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000


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

PREPARED BY FEDERAL RESERVE BAM OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
BILLIONS OF DOLLARS

AVERAGES OF

DAILY FIGURES

BILLIONS OF DOLLARS
4.5

1992 MILLIONS.
SEP.

7

OCT.

5

1247
1148
2109
1281
1416
1274

4.0
3.5
3.0
2.5

4 18

1

15 29 13 27 10 24

OCT

8 22

NOV

5 19

2

JAN

FEB

18

2

16 30

13 27 11

APR

25

8 22

6 20

3 17 3!\

MAY

14 28

SEP

12 26

OCT

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 12, 1983

BUSINESS LOANS v
( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
236

TTT TTT

BILLIONS OF DOLLARS
236 ----------1------------- 1---------- 1----------

1983
1983
1983
1983
1983

-4.0
-1.2
0.0
-1.0
-3.1

s;

i 982

-1.8

1

3,
6,
8,
4,
6,

1

AUG.
JUL.
JUN.
MAY
APR.

_U JU

- OCT ;

.-L L L

1

”
—
“
“
“

1

_ COMPOUNDED ANNUAL RA TES
_ OF CHANGE, AVERAGE 0 F
__THE FOUR WEEKS END IN G
_ OCTOBER 5. 1983 FROM
_ THE FOUR WEEKS END IN6.

:

ISS.

~

7111

mi

111

111

AUG

SEP

OCT
1982

NOV

-I11J. JJ-L .11 1

1 1 1
16 30 13 27

DEC

JAN

FEB

MAR

APR

1 1 1

-LLLL

11

MAY

JUN
1983

1*■ILL IPts

^

AUG. 31
216,225
SEP. 7
215,826
14
215,037
_
21
215,064
_
28
213,137
_
OCT. 5
214,259
LLLLLLLl11 1 1 1 I 1 1 l‘
20
JUL

17 31

AUG

14 28 12

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING. OCTOBER 5, 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 BANK OF ST. LOUIS

11

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

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
285
BILLIONS
280
AUG.

91

227.8
275
270

227.7

265
260
255
250
245
240
235
230
225

OCT

NOV

JAN

FEB

APR

MAY

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING. OCTOBER 5, 1983
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