Full text of U.S. Financial Data : October 15, 1987
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FtESEytfH^blBRARY FederJuiyeite Blnl of St. Louis lancial Data -vtiuucr 13, ijjo/ 'OCT 1 9 198/--------------------------------------------------------------------- THE WEEK'S HIGHLIGHTS: ^ The Ml money stock averaged $753.5 billion for the four weeks ending October 5 and was up at a 4.1 percent annual rate from early February. is Business loans at large weekly reporting banks rose in September after declining since January (see p. 11). In the most recent fourweek period, loans were 4.5 percent above a year earlier. is The yield on three-month Treasury bills rose to 6.97 percent for the week ending October 16, their highest level since February 1986. is Retail sales fell at a 4.6 percent annual rate in September, but average sales for the third quarter were up at a 9.9 percent rate from the second quarter. s The U. S. merchandise trade deficit fell to $15.68 billion in August from $16.47 billion in July. For the first eight months of the year, the deficit rose to $114.09 billion, up from $108.71 billion for the same period last year. reskrm: HANK of 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 274 - IfifiL BILLIONS “ JUL. — AUG. I SEP. “ 266.3 270 268.0 266.8 268.9 OCT. 262 254 250 IS 27 AUG 10 24 8 22 S 10 S 17 31 SEP 14 28 11 29 11 JAN FEB 25 8 22 6 20 3 17 MAY MAR JUN LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDINGt OCTOBER 7, 1 19 29 12 28 0 29 7 21 1987 THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE BANKSL_CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF ALL DEPOSITORY vunncnwi ----- Dniwd, INSTITUTIONS) LAND AN _____ ADJUSTMENT FOR RESERVE REQUIREMENT RATIO CHANGES. THE MAJOR IREMENT SOURCE OF DETAILED DESCRIPTION OF BASE ADJUSTE^MONETARySa DIT. THE ADJUSTED MONETARY THE A DATA ARE COMPUTED BY THIS IS AVAILABLE FROM THIS BANK. RECENT DATA ARE PRELIMINARY. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF TWO MAINTENANCE PERIODS ENDING: 10/8/86 12/31/88 3/11/87 7.1 8.3 7.5 6.2 6.2 6.5 6i2 7,5 6. 1 4.4 4.9 5.5 5.3 4/8/87 5/6/87 6/3/87 7/1/87 8/12/87 1.5 3.4 4.7 4.5 3.4 5.0 4.7 7.3 6.2 6.3 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDINGt 3/11/87 4/ 8/87 5/ 6/87 6/ 3/87 7/ 1/87 8/12/87 9/ 9/87 10/ 7/87 Oi tj, { II.1 9.7 r, c 10. 1 9.3 8.2 7.9 8.0 7.7 > u* 8.0 5. 1 5.4 6. 1 5.7 .. $ 1 '■%?* ______i____ ~ I A l 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 II laaz. - - AUG. -SEP. 760 _ OC T. 31 7 14 21 28 5 BILLIONS OF DOLLARS 780 billions 750.9 746.4 750.3 755. 1 751 5 757. 2 - 740 J - 720 - / \ L /* V - t - - 700 - i5i 11 1111 .ii i 4 18 AUG 111 20 13 27 SEP OCT 1986 10 24 NOV 1111 JJ-L 8 22 DEC 5 JAN III till 1 1 1 1 1 1 1111 18 30 13 27 II 25 8 22 MAR APR MAY JUN FEB .111 6 20 1111 JUL AUG 3 17 31 111 111; 14 28 12 28 SEP OCT 1987 LATEST DATA PLOTTED WEEK ENDING: OCTOBER 5, 1987 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. DEPOSITS AND TRAVELERS CHECKS. BY THE WNBANK PUBLIC, DEMAND DEPOSITS, OTHER CHECKABLE MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE 10/6/86 1/5/87 AVERAGE OF FOUR WEEKS ENDING: 3/2/87 4/6/87 5/4/87 6/8/87 11.7 8.0 3.7 3.4 3.4 3.7 10.2 3.6 3.3 3.3 3.6 -3.7 -2.0 -0.5 0.6 -4. 1 -1.3 0.3 7/6/87 8/3/87 2.7 3.6 4.3 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 2/87 6/87 4/87 8/87 8/87 3/87 7/87 5/87 16.0 13.6 14.7 12.7 10.2 9.4 8.7 8.5 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 .5 6.0 5.0 2.5 2.5 2.6 2.9 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY MULTIPLIERS CURRENCY COMPONENT OF MONEY STOCK s AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 1987 RATIO 2.824 2.794 2.822 I 28 RATIO 3.0 8 22 Ml MULTIPLIER 8 8 17 I OCT 1986 NOV DEC 18 20 12 26 JAN 9 23 9 23 FEB MAR 6 20 4 19 APR MAY I 18 29 13 27 10 24 JUN 1987 JUL 7 21 8 19 SEP AUG OCT LATEST DATA PLOTTED TWO WEEKS ENDINGt OCTOBER 5, 1987 BILLIONS OF DOLLARS 198 _—1----------- 1---------- 1--------- 1-----------_ ^ 194 _ _ COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR *EEKS ENDING OCTOBER 5. 1987 FROM THE FOUR ifcEEKS ENDINGt AUG. JUL. JUN. 3, 6, 8, i i 1987 1987 1987 7.4 7.5 5.9 6, 5, R. N. T. i 190 ILL IONS OF DOLLARS 98 1987 1115 7.. I: - CURRE NCY - 6, 186 “ “ 182 1 aai e. ILLIOIns - SIP : 4 5! 5m 4 18 AUG 1111 I 111 18 29 SEP IS 27 111 -U. 1 1 10 24 8 22 OCT NOV 1986 DEC 111 8 19 JAN 1 1 1 2 18 FEB .jin .ILL 1 1 1 2 16 30 13 27 MAR APR 11 MAY 28 1 1 1 1 8 22 JUN 1987 193.4 193.9 — ie Isslo OCT. S 195.1 1111111111111111' 8 20 JUL 17 31 AUG 14 28 SEP 12 26 OCT LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 5, 1987 1/ RATIO OF MONEY STOCK (Ml ) TO AOJUSTED 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 178 TOTAL CHECKABLE DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 575 550.5 545.4 549.3 553.5 549.4 555.1 I I I I 1 19 29 IS 27 OCT 10 24 8 22 5 19 2 18 NOV LATEST DATA PLOTTED WEEK ENDING. OCTOBER 5, 2 18 90 19 27 II 25 APR MAY 8 22 8 20 9 17 91 14 28 12 28 SEP OCT 1987 TOTAL CHECKABLE DEPOSIT8 IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS. TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 10/6/86 1/5/87 3/2/87 4/6/87 5/4/87 6/8/87 13.7 8.4 2.8 2.3 2.2 2.5 10.9 2.4 1.9 1.8 2.3 -7.0 -4.9 -3.1 -1.7 -7.5 -4.1 -2.0 7/6/87 8/3/87 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 2/87 6/87 4/87 8/87 6/87 3/87 7/87 5/87 18.3 15.4 16.9 14.2 10.9 9.8 8.9 8.6 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -1.2 4.8 3.6 0.6 0.5 0.7 1 .1 0.8 2.1 3.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT 11 .0 8.0 7.0 t MUNIC PAL 6.0 I 15 29 12 20 10 24 7 21 5 19 NOV DEC 2 10 30 13 27 FEB IS 27 MAR 10 24 S 22 5 APR 1986 19 3 17 31 14 28 II AUG 23 9 23 SEP 1987 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: OCTOBER 16, 1987. 1987 AUG. 7 M 21 28 SEP. 4 11 18 25 OCT. 2 9 16 X 23 30 90 DAY CD'S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS* ACCEPTANCES CORPORATE Aaa bonds CORPORATE Baa BONDS MUNICIPAL BONDS x» 6.78 6.70 6.72 6.77 7.00 7.38 7.41 7.43 7.80 8. 19 8.58 6.63 6.59 6.60 6.64 6.87 7.29 7.35 7.34 7.45 7.52 7.78 6.65 6.58 6.61 6.69 6.96 7.29 7.35 7.37 7.62 8.04 8.45 9.65 9.63 9.68 9.70 9.87 10. 15 10.28 10.25 10.34 10.48 10.63 10.84 10.76 10.77 10.82 11.00 11.23 11.40 11.42 11.49 1 1 .61 1 1.74 7.86 7.79 7.81 7.80 8.05 8.38 8.32 8.30 8.53 8.66 N. A. NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE. * AVERAGES OF RATES AVAILABLE m 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 11.0 INTEREST RATES AVERAGES OF DAILY RATES PERCENT PERCENT |— —i 11.0 TREASURY m ITIES TREASURY BILL DISCOUNT RATE 1 15 29 12 26 10 24 7 21 NOV 19 2 16 50 13 27 DEC FEB 13 27 MAR 10 24 8 22 5 19 APR 3 17 31 14 26 AUO II 25 9 23 SEP LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. OCTOBER 16, 1087. 1987 AUG. 7 M 21 28 SEP. 4 11 18 25 OCT. 2 9 16 X 23 30 FEDERAL FUNDS «x 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL X6I0K 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 6.75 6.58 6.74 6.76 6.85 6.95 7.21 7.26 7.56 7.43 7.59 5.87 5.94 6.05 6.24 6.21 6.39 6.36 6.48 6.62 6.65 6.97 6. 15 6. 14 6. 12 6. 16 6.34 6.72 6.64 N. A. 6.83 6.96 7.34 6.49 6.47 6.53 6.65 6.89 7.16 7. 10 7. 14 7.30 7.50 7.64 8.30 8.24 8.30 8.41 8.69 8.96 6.94 8.97 9. 17 9.39 9.51 9.05 8.95 8.99 aSaSW.84T4.«nKS.'BJIS4W8 OP. OOVERNORS^H., 9.43 9.72 9.69 9.81 9.92 10. if EXCLUDING LONG-T^TREAgmY^ SECURITIES WHICH ARE COMPUTED BY THIS BANK. * AVERAGES OF RATES AVAILABLE EH) I MG TWO DAYS EARLIER THAN DATE SHOWN http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 COMMERCIAL BANK SMALL TIME DEPOSITS^ LARGE TIME DEPOSITS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 1SQL BILLIONS OF DOLLARS 410 BILLIONS. 365.6 366.7 367.4 370.2 SMALL TIME DEPOSITS 370 LATEST DATA PLOTTED WEEK ENDING: OCTOBER 5, 1987 BILLIONS OF DOLLARS BILLIONS OF DOLLARS 314.3 314.0 4 18 1 15 LARGE TIME DEPOSITS 13 27 10 24 OCT NOV 8 22 5 18 2 16 JAN FEB 2 16 30 13 27 APR II 25 MAY 8 22 6 20 3 17 31 14 28 12 26 SEP OCT LATEST DATA PLOTTED WEEK ENDING: OCTOBER 5, 1987 1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 6100,000 2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 6100,000 OR MORE http://fraser.stlouisfed.org 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 BILLIONS OF DOLLARS 875 --------- 1------------1----- BILLIONS OF DOLLARS ---------------------------- 875 BILLIONS 857.0 858. I 859.8 862.2 4 18 1 15 29 13 27 10 24 OCT NOV 8 22 5 19 2 IS JAN FEB 2 16 50 15 27 25 APR MAY 1986 8 22 8 20 5 17 51 14 28 12 26 SEP OCT ,987 LATEST DATA PLOTTED WEEK END I NOt OCTOBER 5, 1987 TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS. TOTAL TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDINGt 10/6/86 1/5/87 3/2/87 4/6/87 5/4/87 6/8/87 7/6/87 8/3/87 TO THE AVERAGE OF FOUR WEEKS ENDING: 5/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 2/87 6/87 4/87 8/87 6/87 3/87 7/87 5/87 5.8 6. 1 7.0 7.A 7.8 7.5 7. 1 6.9 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7.9 9. 1 9.2 9.6 8.9 8. 1 7.8 9.9 9.8 10.2 9. 1 8. 1 7.8 11.1 11.3 9.6 8.3 7.8 10.4 8.6 7.2 6.9 8.0 6.3 6.1 4.1 A.5 4.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 10 BORROWINGS FROM FEDERAL RESERVE BANKS BILLIONS OF DOLLARS 3.0 --------- 1--------- 1-------- 0 BILLIONS OF DOLLARS ----- ----------------------- 3-0 748 30 AVERAGES OF DAILY FIGURES 1107 TOTAL BORROWINGS LATEST DATA PLOTTED WEEK ENDING. OCTOBER 14, 1087 BILLIONS OF DOLLARS 2.5 BILLIONS OF DOLLARS 2.5 ---------1--------1--------------1----I 1987 MILLIONS 0 8 578 1 725 345 - ADJl STMENT + Sf.ASONAL BORR OWING! --------- 1 1.5 T. - 530 25 1 FT 1.5 - A ji j A/ n k ij A A 1 V 111 -LLL -LLLL-LL-L 1111 6 20 3 17 I 15 20 12 26 10 24 SEP OCT NOV DEC 1986 AUG f \I V 1 1 1 1 1 1 7 21 JAN 4 16 4 16 FEB MAR 111 \ 1 / / V J' 1111 1.0 111 111 J Ja M il 2.0 SEP. | - w 1111 I 10 20MAY 27JUN 24 6 22 15 10 APR JUL 1987 111 1111 JJ_L 5 10 AUG 2 16 50OCT 28 14 SEP LATEST DATA PLOTTED WEEK ENDING. OCTOBER 14, 1987 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0.5 0.0 COMMERCIAL PAPER OF NONFINANCIAL COMPAN IES BILLIONS OF DOLLARS NOT SEASONALLY ADJUSTED 100 --------- 1--------- ,-------_ SEP. 100 2 _ OCT. BILLIONS OF DOLLARS --------------- 7 81,558 AUG SEP OCT NOV DEC JAN FEB 4 18 MAR 1 18 2fi 13 27 MAY 10 24 8 22 5 10 2 18 30 14 28 JUN 1986 LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 7, 1987 BUSINESS LOANS u (COMMERCIAL AND INDUSTRIAL) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BILLIONS OF DOLLARS 290 BILLIONS OF DOLLARS 275 I V, 285 1 2.5 -4.1 -4.5 -3.7 -4.1 -1.8 4.5 1 ] J 1 1987 1987 1987 1987 1987 1986 1986 1 29, 1, 27, 29. 1, 3i, i, 1 - JUL. - JUL. - MAY - APR. - APFl. - DE( :. - 0C1r. 290 1111 --------- 1 1— ----- 1---------_ COMPOUNDED ANNUAL RA TES _ OF CHANGE. AVERAGE 0 F THE FOUR llfEEKS END IN G SEPTEMBER 30, 1987 F ROM “THE FOUR WEEfts END IN 275 - / - - 1981 _ !lll -LJ-l AUG SEP XI. 1 1, OCT 111 in i 111 111 .1 M 1 1 1 1 1 1 1 NOV DEC JAN FEB MAR APR MAY 1986 270,617 AUG. 26 SEP. 2 270,015 9 271,218 16 271,744 23 273,755 30 275,313 1 1 1 XI 1 1 1-LL.JII 1 1 1 1 1 1 JUN JUL AUG SEP " I _ 1' OCT 1987 LATEST DATA PLOTTED WEEK ENDINGt SEPTEMBER 30, 1/ BUSINESS LOANS INCLUDE BANKERS' MILLIONS 1987 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 11 265