Full text of U.S. Financial Data : October 18, 1990
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of St. Louis OCT 1 9 1990 U.S. Financial Data October 18, 1990 THE WEEK'S HIGHLIGHTS: v* Retail sales rebounded in September, rising 1.1 percent following a 0.4 percent decline in August. Much of the September increase was attributed to higher gasoline prices and the start of the 1991 car model year. Excluding autos and gasoline, retail sales rose 0.2 percent in September. s Industrial production rose at a 3.3 percent annual rate in September, following a revised 1.1 percent rate of increase in August. September production was 2.3 percent above a year earlier. v* September housing starts fell 0.6 percent to a seasonally adjusted annual rate of 1.14 million units, a pace 10.1 percent below that of a year ago. ts Consumer prices rose at a seasonally adjusted annual rate of 9.5 percent in September, following a 9.6 percent rate of increase in August. Excluding food and energy, consumer prices increased at a 3.6 percent rate in September and were up 5.5 percent from a year earlier. expressed do not necessarily reflect official positions of the Federal Reserve System. DigitizedViews for FRASER 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 324 ------------- ,---------- 1------ _ AUG _ BILLIONS OF DOLLARS ------------------------------- 324 309.8 SEP 318.4 0 29 AUG 6 20 SEP 4 l« OCT 1989 I 15 20 19 27 NOV DEC 10 24 7 21 7 21 4 18 JAN FEB MAR APR 2 16 90 19 27 MAY JUN 1990 II JUL 25 0 22 AUG 9 10 SEP 9 17 91 OCT LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING: OCTOBER IT, 1990 THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL 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* 10/18/89 1/10/90 3/21/90 4/18/90 5/16/90 6/13/90 7.8 8.5 6.8 7.5 7.9 9.2 9. 1 7. 1 4.5 6. 1 7.2 9.0 8.9 5.0 7.0 8.0 10.0 9.8 5.2 7.2 9.8 9.6 10.4 13.0 12.0 7/11/90 8/22/90 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDING* 3/21/90 4/1B/90 5/18/90 6/13/90 7/11/90 8/22/90 9/19/90 10/17/90 7.7 7. 1 7.6 6.6 7. 1 7.5 8.4 8.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13.7 12.2 13.9 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK ( Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 1M SEP. BILLIONS OF DOLLARS 835 BILLIONS 820.0 820.7 820.6 821 .8 828.8 795 AUG 4 18 SEP 2 16 30 NOV 19 27 DEC 11 25 6 22 5 19 FEB LATEST DATA PLOTTED WEEK ENDINGi OCTOBER 8, 5 19 MAR 2 18 30 14 28 11 MAY JUN 25 9 23 6 20 AUG SEP 1990 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. DEPolIT^AN^TRAVELErI^CHECKS0 BY ^ N0NBA* PUBUC* DEMAN° DEP°S'TS* 0THER CHECKABLE MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, 10/9/89 1/8/90 3/5/90 4/9/90 AVERAGE OF FOUR WEEKS ENDING: 5/7/90 6/11/90 7/9/90 3.0 1.2 4.3 4.9 2.3 6.2 6.5 5.5 6.2 8/6/90 TO THE AVERAGE OF FOUR WEEKS ENDINGi 3/ 5/90 4/ 9/90 5/ 7/90 6/11/90 7/ 9/90 8/ 6/90 9/10/90 10/ 8/90 6.0 5.5 5.0 4.2 4.6 3.9 4.8 5.0 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4.7 4. 1 3.0 3.7 2.8 4.2 4.5 2.8 1.6 2.9 1 .9 3.8 4.3 0.6 2.8 1.4 3.9 4.4 10.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 4 MONEY MULTIPLIERi/ CURRENCY COMPONENT OF MONEY STOCK 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED 1990 JUL. AUG. SEP. OCT. RATIO 23 6 20 3 17 1 2.599 2.619 2.603 2.611 2.575 2.598 Ml MULTIPLIER 7 21 4 18 AUG SEP 2 10 30 IS 27 I NOV DEC FEB MAR MAY LATEST DATA PLOTTED TWO WEEKS ENDING* OCTOBER 1, JUN AUG SEP 1990 ILL IONS OF DOLLARS 250 BILLIONS OF DOLLARS I COMPOUNDED ANNUAL RATES __ OF CHANGE. AVERAGE OF - THE FOUR *EEKS ENDING - OCTOBER 8. 1990 FROM - THE FOUR WEEKS ENDING* — MAY -..... __ OCT. 9 1990 1990 1990 1990 1990 1990 1989 246 242 16.4 5.0 3.9 2.5 1.9 12.0 10.4 238 234 CURRENCY 230 226 I59fl SEP. BILLIONS 3 240.1 240.4 242.5 242.5 4 5 10 6 19 LATEST DATA PLOTTED WEEK ENDING* OCTOBER 8, 1990 AUG 18 SEP 2 16 30 13 27 II NOV 25 8 22 2 16 30 14 28 11 25 9 23 6 20 3 17 DEC 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 222 218 TOTAL CHECKABLE DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 585 BILLIONS 571.6 572.2 571.1 571.0 577.4 571 .0 4 18 AUG 2 16 30 SEP 13 27 NOV 11 25 8 22 5 19 5 19 2 16 30 14 28 11 DEC 25 9 23 JUN MAY 1990 LATEST DATA PLOTTED WEEK ENDING: OCTOBER 8, 8 20 3 AUG SEP 17 1990 ,DEP0SITS IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL L/fcr 1/5 I 1 Uni I No I I TUT I 0N5 . TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE 10/9/89 AVERAGE OF FOUR WEEKS ENDING: 1/8/90 3/5/90 4/9/90 5/7/90 1.8 1.2 0.0 1 .0 -0.3 1.2 1.5 0.2 -1.3 0.4 -1.2 0.8 1.2 -2.4 0.2 -1 .8 0.8 1.3 0.5 -2.2 1.1 1.6 6/11/90 7/9/90 8/6/90 1.7 2.4 7.5 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/ 5/90 4/ 9/90 5/ 7/90 6/11/90 7/ 9/90 8/ 6/90 9/10/90 10/ 8/90 4.9 4. 1 3.4 2.4 2.8 1.7 2.6 2.7 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -1.1 3.1 3.3 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT 12.0 PRIME BANK LOAN RATE CORPORATE Aaa BONDS tCIAL 4 18 I IS 29 13 27 OCT 19B9 10 24 8 22 5 19 JAN NOV 2 IB 2 16 SO FEB 13 27 APR I I 25 8 22 6 20 3 17 31 14 AUG. SEP. OCT. 3 10 17 24 31 7 14 21 28 5 12 19 * 26 12 26 OCT 1990 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. OCTOBER 19, 1990 28 SEP MAY 1990. 90 DAY CD’S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS* ACCEPTANCES CORPORATE Aaa BONDS CORPORATE Baa BONDS MUNICIPAL BONDS ** 7.89 7.87 7.94 8.09 8.04 7.94 7.97 8.06 8.24 8.02 8. 1 1 8. 1 1 7.89 7.92 8.01 8.07 8.03 7.96 8.02 8. 10 8.26 8.06 8. 10 8.09 7.62 7.65 7.75 7.90 7.80 7.68 7.73 7.85 8.02 7.80 7.97 7.92 9. 19 9.34 9.37 9.50 9.56 9.57 9.54 9.51 9.63 9.54 9.59 9.62 10.14 10.34 10.36 10.54 10.56 10.54 10.57 10.66 10.76 10.65 10.74 10.81 7.08 7.22 7.26 7.56 7.47 7.41 7.35 7.41 7.53 7.48 7.56 N. A. NOTE. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE. JR AVERAGES OF RATES AVAILABLE *BR BOND BUYER'S AVERAGE IM)EX 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 [cent 11.0 5-YEAR TREASURY SECURITIES RATE 3-M< TREASUI DISCOUNT RATE OCT 1989 NOV JAN SEP FEB OCT 1990 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING? OCTOBER 19. 1990 AUG. 3 10 17 24 31 SEP. 7 14 21 28 OCT. 5 12 19 * 26 FEDERAL FUNDS X* 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL XXX 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 8.03 8.07 8.13 8.30 8.08 8.25 8.12 8. 18 8.26 8.23 8.20 7.96 7.43 7.37 7.45 7.54 7.46 7.38 7.38 7.38 7.29 7.13 7.16 7. 17 7.37 7.19 7.31 7.45 7.48 7.36 7.34 7.30 7.33 7.21 7.21 7.22 7. 16 7.18 7.22 7.39 7.32 7.23 7.24 7.25 7.25 7.07 7.12 7.10 8. 12 8.36 8.39 8.62 8.56 8.48 8.47 8.52 8.58 8.33 8.47 8.39 8.52 8.91 8.94 9. 12 9.09 9.05 9.04 9.12 9. 14 8.87 9.07 8.97 NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.15 RELEASE EXCLUDING LONG-TERM TREASURY SECURITIES WHICH ARE COMPUTED BY THIS BANK. TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS. * AVERAGES OF RATES AVAILABLE *X SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN *** AUCTION AVERAGE (DISCOUNT) http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 MONEY STOCK ( M2 ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 3350 Bli.LI.QNS 3325 _ SEP 3315.1 3315.9 3322.2 3325.5 3275 3250 3200 3200 3175 3150 I AUG SEP NOV DEC FEB LATEST DATA PLOTTED WEEK ENDING: OCTOBER 8, MAR MAY JUN AUG 15 28 SEP 1990 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 AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS. FOR MORE DETAIL, SEE THE H.6 RELEASE. MONEY STOCK (M2) COMPOUNDED ANNUAL RATES OF CHANGE, 10/9/89 1/8/90 3/5/90 4/9/90 AVERAGE OF FOUR WEEKS ENDING; 5/7/90 6/11/90 7/9/90 1.2 0.9 3.0 3. 1 2.8 5.0 4.7 4.9 4.5 8/6/90 TO THE AVERAGE OF FOUR WEEKS ENDING-. 3/ 5/90 4/ 9/90 5/ 7/90 6/11/90 7/ 9/90 8/ 6/90 9/10/90 10/ 8/90 7.2 6.7 6.0 4.8 4.9 4.4 4.9 4.8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6. 1 4.9 3.3 3.6 3.2 3.9 3.9 3.2 1.3 2.2 1.8 3. 1 3. 1 -0.6 1.2 1 .0 2.7 2.8 6.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ALL DEPOSITORY INSTITUTIONS TOTAL TIME DEPOSITS^ LARGE TIME DEPOS I TS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 2165 _ 1 1 i i i i R. N. T. 6, 9, 11, 9, 8, 9, OCT 1990 -3.< 1990 -2.‘ 1990 -2., 1990 1990 1989 -2. -1.1 -1. 111 -LLLL -LUL . 21 8 2085.7 2086.4 2087 2081 2074 2077 I 1. AUG. JUL. JUN. 3 10 17 iT T T " “ “ “ SEP. | _ COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR *EEKS ENDING OCTOBER 8. 1990 EROU THE FOUR WEEKS END 1 •4G: fOC-h-CC 2145 BILLIONS OF DOLLARS 2165 ------------ 1---------- 1---------- 1------------192Q BILLIONS I TOTAL TIME DEPOSI TS 111 - II 2105 1 1 1 1 - TTTT 1 *1 1 1 111 -LLLL 111 LATEST DATA PLOTTED WEEK ENDINGj OCTOBER 8, 111 11 ii 111 111 1111 mi .ILL -11.1.1 ; 1990 BILLIONS OF DOLLARS BILLIONS OF DOLLARS 590 19.90. BULLIONS. 580 520.5 520.4 520.0 LARGE TIME DEPOSITS 570 515.2 8 509.4 510.1 560 550 540 530 520 510 500 4 18 AUG SEP 2 16 30 15 27 II NOV DEC 25 8 22 5 19 5 19 FEB MAR 2 16 30 14 28 11 MAY 25 9 23 6 20 3 IT 1 15 29 JUN LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 8, 1990 1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS. 2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 9100,000 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 1M 4-0 ILL IONS OF DOLLARS 4.5 MILLIONS. 4.0 z—SEP TOTAL BORROWINGS 3.5 3.0 2.5 2.0 1.5 1.0 LATEST DATA PLOTTED WEEK ENDlNGt OCTOBER 17, 1900 BILLIONS OF DOLLARS BILLIONS OF DOLLARS 2.5 ADJUSTMENT + SEASONAL BORROWINGS 2.0 1.5 1.0 0.5 2 10 30 13 27 SEP II 25 8 22 8 20 OCT S 17 31 M 28 14 FEB LATEST DATA PLOTTED WEEK ENDlNGt OCTOBER 17, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MAR I APR 25 0 23 8 20 4 JUN JUL 18 1 15 20 12 26 10 24 1990 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0.0 COMMERCIAL PAPER OF NONFINANCIAL COMPANIES BILLIONS OF DOLLARS 160 r----------- 1---------- ,----SEP. 5 OCT. 5 NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS ---------------------------- ^ 160 146,109 48,801 I 30 , I I <C 154|271 2 16 30 13 27 II 25 8 22 AUG SEP OCT NOV 1989 6 20 DEC 3 17 31 14 28 14 28 I! 25 0 23 8 20 JAN FEB MAR APR MAY JUN 1990 LATEST DATA PLOTTED WEEK ENDlNGi OCTOBER 10, 4 18 1 18 20 12 28 10 24 AUG SEP OCT 1990 BUSINESS LOANS ^ (COMMERCIAL AND INDUSTRIAL) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BILLIONS OF DOLLARS 336 BILLIONS OF DOLLARS 336 -------- 1 ' 1 .......... i"1 - COMPOUNDED ANNUAL RAT ES _ OF CHANGE, AVERAGE OF THE FOUR WEEKS ENDING - OCTOBER 3, 1990 FROM _ the four Weeks ending 328 - AUG. JUL. “ JUN. _ MAY APR. _ OCT! 1, 4, 6, 2, 4, A\ 1990 1990 1990 1990 1990 1 989 332 -2.5 0.3 0.4 -1.3 0.3 328 -0.7 N[nLiV \ 324 A r- aA tsj k A 7 A T A A/^ / 199( - AUG. 29 316 s -LLLL ,-U.L 2 18 3 11 7 AUG SEP 11 2 OCT 1989 ini. XLL -LL1J. -LLL -LLL 111 NOV DEC JAN FEB LATEST DATA PLOTTED WEEK ENDING. OCTOBER 3, MAR APR ii 11 MAY 111 JUN 1990 : b ILL 10t» ~ 3 21,64 0 - 12 321,762 19 323,277 26 319,748 OCT. 3 322,426 ........... ........ i i.m i m’ JUL AUG SEP OCT 1990 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 11 320 DOLLAR'S TRADE-WEIGHTED EXCHANGE INDEX AVERAGES OF DAILY FIGURES 1973-100 1973-100 SEP. 12 86.0 83.9 I I I I 2 I I I I 18 30 13 27 SEP 11 25 8 22 8 20 OCT 1989 3 17 31 14 28 FEB LATEST DATA PLOTTED WEEK ENDING-. OCTOBER 17, NOTE-. 14 28 II MAR APR 25 0 23 8 20 JUN 1990 4 18 1 15 29 12 26 10 24 JUL 1990 CURRENT DATA APPEAR IN THE BOARD OF GOVERNOR'S H.10 RELEASE. DATA ARE WEIGHTED AVERAGES OF THE FOREIGN-CURRENCY PRICE OF THE U.S. DOLLAR, COMPUTED USING 10 INDUSTRIAL COUNTRY CURRENCIES. .IBRARY http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS