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
@FedFRASER