Full text of U.S. Financial Data : October 19, 1989
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of St. Louis li.S. Financial Data OCT 3 1989 2 October 19, 1989 THE WEEK'S HIGHLIGHTS: s Industrial production fell at a 0.8 percent annual rate in September. Production has increased at a 1.8 percent rate thus far this year, compared with 4.9 percent growth during 1988. s Housing starts fell to 1,263,000 units at an annual rate in September and have averaged a rate of 1,403,000 units thus far in 1989. For the first nine months of 1988, starts averaged a rate of 1,473,000 units. y Consumer prices rose at a 1.9 percent annual rate in September. Such prices have increased at a 4.4 percent rate since December 1988, the same as in the previous year. r* The merchandise trade deficit on a customs value basis widened to $10.77 billion in August from $8.24 billion in July. The trade deficit thus far this year has totaled $73.15 billion, down from $78.77 billion for the same period in 1988. KKSKK\F KANkol' 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 10 14 7 21 5 10 SEP OCT 2 10 90 14 M II M DEC JAN 9 22 0 12 5 19 9 17 SI FEB BILLIONS OF DOLLARS 14 20 12 20 JUN 9 29 JUL 0 20 4 19 SEP OCT LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDINBi OCTOBER IS, 1609 RY BASE IS THE ! .AT FEDERAL VAULTS OF ALL — RATIO _____ -----MAJOR DATA ARE COMP_______ __ MLABLE FROM THIS BANK » MONETARY BASE IS j '—’ION OF THE ADJI RECENT DATA ARE PRELIMINARY. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF TWO MAINTENANCE PERIODS ENDING* 10/10/88 1/11/80 3/22/80 4/10/80 1.7 3. 1 2.2 1.8 2.2 2. A 2.5 2.5 1.2 0.8 1.6 2.0 2.2 3.2 2.0 2.5 2.G 2.0 5/17/80 B/14/80 7/12/80 8/23/80 2.0 2.7 2.8 4.0 3.8 3.9 TO THE AVERAGE OF PERIODS ENCHW^ 3/22/80 4/10/80 5/17/89 6/14/80 7/12/80 8/23/80 9/20/00 10/IB/09 4.6 3.5 4. 1 3.4 3.0 3. 1 3.2 3.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -0.0 1.0 1.8 2.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS j MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS I 15 20 12 26 10 24 7 21 5 10 NOV DEC 2 16 90 19 27 13 37 10 24 • 22 BILLIONS OF DOLLARS 8 10 9 17 31 14 26 II 28 0 23 LATEST DATA PLOTTED WEEK ENDINCi OCTOBER 0, 1080 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.O RELEASE. DEPOSITS AND TRAVELERS CHECKS. BY THE NONBANK PUBLIC, DEMAND DEPOSITS, OTHER CHECKABLE MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE 10/10/88 1/0/80 3/6/80 -2.5 -3.3 -4.8 -4.0 -2.6 -2.0 -0.8 -5.5 -7.2 -5.4 -3.4 -2.4 -0.8 4/10/80 AVERAGE OF FOUR WEEKS ENDING: 5/8/80 6/12/80 7/10/80 8/7/80 3.7 3.0 4.8 4.0 6.0 5.8 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/ 8/80 4/10/80 5/ 8/80 8/12/80 7/10/80 8/ 7/80 0/11/80 10/ 0/80 1.3 0.0 -0.8 -2.2 -1.9 -1.1 -0.8 0.1 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -8.2 -5.5 -2.8 -1.7 0.1 -5.4 -1 .8 -0.8 1.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY MULTIPLIER!/ CURRENCY COMPONENT OF MONEY STOCK */ RATIO 3.0 AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 3.0 ------------- 1---------- 1------------- 1---------1989 JUL. AUG. 2.9 SEP OCT RATIO 24 2.860 7 2.685 21 2.663 2.677 4 18 2.663 2 2.695 MI Ml LTIPL IER 2.8 V 2.7 r —‘ 2.7 / 2.6 2.6 “nil AUG 111 SEP 1111 OCT 1 1 1 ■ ii i .ii 11 -LI 1 14 NOV 12 20 0 29 DEC JAN • 20 FEB in -LLL -LLLL .1 LI .1111 111 0 20 MAR 7 21 Lux 4 10 AUG SEP 17 APR I 15 29 12 20 10 24 MAY JUN JUL 1989 1111‘ 2 10 90 OCT LATEST DATA PLOTTED TWO WEEKS ENDING* OCTOBER 2. 1080 BILLIONS OF DOLLARS BILLIONS OF DOLLARS ------------- 1---------- T— COMPOUNDED ANNUAL RATI OF CHANGE. AVERAGE OF THE FOUR *EEKS ENDING ~ OCTOBER 9. 1989 FROM — THE FOUR WEEKS ENDlNGi - - AUG. 7, JUL. 10, JUN. 12 MAY 8 APR. 10, — JAN. 9, _ OCT. 10, “ _ I960 1989 1969 1969 1969 1969 1968 4.0 3.7 4.1 4.0 3.6 4.7 5.1 CURRENCY 218.4 219.1 1-1.1 1 1 I II I I II I II II 1 15 20 12 20 10 24 7 21 5 10 NOV DEC 2 10 90 19 27 FEB 19 27 MAR 10 24 • 22 APR 5 10 9 17 91 14 20 II AUG 25 0 29 SEP LATEST DATA PLOTTED WEEK ENDING* OCTOBER 9, I I/ 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 TOTAL CHECKABLE DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS I IS M 12 26 10 24 7 21 5 19 NOV DEC 2 10 90 19 37 FEB 13 27 10 34 MAR 0 32 billions of dollars 3 10 3 17 31 14 30 II AUG APR 1088 23 0 33 SEP 1080 LATEST DATA PLOTTED WEEK ENDINOt OCTOBER 9, 1989 n i TOTAL CHECKABLE DEPOSITS IS THE SUM OF DEMAND DEPOSITORY INSTITUTIONS. AND OTHER CHECKABLE DEPOSITS AT ALL TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, 0/10/88 AVERAGE OF FOUR WEEKS ENDING: 1/9/80 3/6/89 4/10/89 5/8/89 -5.5 -6.3 -8.3 -7.2 -5.3 -4.3 -2.7 -9.0 11.2 -9.0 -6. 1 -4.6 -2.6 -12.3 -8.9 -5.1 -3.5 -1.3 -8.9 -4.0 -2.3 0.2 6/12/89 7/10/89 8/7/89 3.6 3. 1 5.1 4.8 7.0 6.5 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/ 6/89 4/10/80 5/ 8/80 6/12/89 7/10/89 8/ 7/88 9/11/89 10/ 9/80 -0.6 -2.3 -3.2 -5.0 -4.6 -3.4 -2.9 -1.8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. 5 LOUIS 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT PERCENT 12.0 r- 11.0 'RATE 10.0 CORPORATE Aaa BONDS MUNIC 5 19 2 19 30 14 28 II 25 OCT NOV 9 23 6 20 3 17 JAN FEB 3 17 31 14 28 12 26 APR Lilli mini 9 23 MAY 7 21 4 JUL AUG 18 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt OCTOBER 20, 1080 AUG. SEP. OCT. 4 1 1 18 25 1 8 15 22 29 6 13 20 X 27 1080. 00 DAY CD'S 30-DAY COMMERCIAL PAPER 00-DAY BANKERS' ACCEPTANCES CORPORATE Aaa BONDS CORPORATE Baa BOM>S MUNICIPAL BONDS *M 8.35 8.56 8.76 8.76 8.79 8.78 8.71 8.74 8.88 8.91 8.63 8.37 8.57 8.77 8.87 8.85 8.88 8.87 8.83 8.84 8.92 8.90 8.69 8.48 8. 15 8.41 8.57 8.58 8.57 8.57 8.53 8.55 8.70 8.70 8.40 8.28 8.81 8.92 8.99 9.02 9.05 9.02 8.98 8.98 9.03 9.02 8.95 8.89 9.77 9.82 9.90 9.92 9.96 9.94 9.88 9.88 9.94 9.92 9.82 9.77 6.86 7.02 7.09 7. 15 7. 16 7. 15 7. 16 7.33 7.40 7.27 7. 19 N.A. APPEAR 'N THE BOARD OF GOVERNORS’ H. 15 RELEASE. * AVERAGES OF RATES AVAILABLE *W 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 —i 11.0 TREASURY LCURITIES TREASUF DISCOUNT RATE 2 16 30 14 28 II OCT 25 NOV 8 23 6 20 3 IT JAN FEB 3 17 31 14 28 12 26 APR 9 23 MAY 7 21 JUL 4 18 AUG 11529 13 27 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* OCTOBER 20, 1989 AUG. SEP. OCT. 4 1 | 18 25 1 8 15 22 29 6 13 20 * 27 196®. FEDERAL FUNDS HK 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL KKM 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 8.95 8.98 9.04 9.01 8.96 8.96 8.96 9.05 9.02 9. 18 8.93 8.76 7.71 7.92 7.95 7.98 7.90 7.82 7.60 7.73 7.84 7.76 7.66 7.46 7.35 7.70 7.83 7.85 7.88 7.87 7.64 7.64 7.79 7.92 7.60 7,42 7.20 7.56 7.72 7.78 7.72 7.68 7.51 7.61 7.78 7.76 7.46 7.31 7.64 7.99 8.20 8.26 8.26 8.18 8.07 8. 12 8.32 8.21 7.95 7.92 7.97 8. 18 8.30 8.33 8.33 8.25 8.23 8.28 8.41 8.27 8. 13 8. 12 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. 5*AslvENhDA?FAVERAGESVFORAWEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN KKK 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 3200 ------------- 1---------- - BILLIONS OF DOLLARS “|---------- -------------- 3200 BILLIONS SEP. 3Mi.a 3150 3100 3050 AUG SEP OCT NOV DEC JAN FEB MAR APR AUG i see I » SEP • 23 LATEST DATA PLOTTED SEEK ENDING, OCTOBER S, I BBS H.B REI FAST MONEY STOCK I M2) COMPOUNDED ANNUAL RATES OF CHANGE, 10/10/88 1/8/88 3/8/88 4/10/88 AVERAGE OF FOUR WEEKS ENDING, S/8/88 8/12/88 7/10/88 8.8 8.8 8.6 8.7 8.8 8/7/88 TO THE AVERAGE 3/ 6/80 4/10/80 5/ 8/80 6/12/80 7/10/80 8/ 7/80 0/11/80 10/ 0/80 3. 1 3.0 2.4 2.1 2.8 3.5 3.0 4.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.7 0.9 0.8 2.1 3. 1 3.7 4.2 0.6 0.6 2.4 3.8 4.5 5.0 -0.4 2.5 4.3 4.9 5.5 4.4 6.2 6.5 6.8 7.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS DEPOSITORY INSTITUTIONS TOTAL TIME DEPOSITS!/ LARGE TIME DEPOSITS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS —---------- ------------- 2140 BILLIONS OF DOLLARS 2140 n---------- 1---------- 1ANNUAL RATES AVERAGE ur OF ur THEUWWC, FOUR ilEEKS ENDING TOTAL TIME DEPOS OUL. JUN. IV, 12, — APR. JAN. “ OCT. 10, 9, 10, 2050 1989 1989 iSfifi SEP. 1 111 1 1 BILLIONS 4 2100. 0 2005, 11 1 I I I I I I I 1 1 LATEST DATA PLOTTED WEEK ENDINOt OCTOBER 0, 1 BILLIONS OF DOLLARS —I---------- -----------“] 500 BILLIONS OF DOLLARS 500 r----------- 1---------T— 1989 SEP. BILLIONS 4 LARGE TIME DEPOSITS 1 11 I I I 11 1 H NOV DEC FEB MAR APR LATEST DATA PLOTTED WEEK ENDING, OCTOBER #. 1088 1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL THE DEPOSITS AM) LARGE TIME DEPOSITS. 2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF *100,000 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 BILLIONS OF DOLLARS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS 5.5 c------------,------------,------ TOTAL BORROW I NOS 0.0 LJ-1 1 I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I LATEST DATA PLOTTED WEEK ENDINSt OCTOBER 18, II BILLIONS OF DOLLARS 2.5 ------------- ---------------------- ------------- --------------------------------------- ADJUSTI ILL IONS OF DOLLARS * SEASONAL tOWINGS I I I I I I I I 4 AUG SEP OCT NOV DEC i« JAN i is FEB mi h MAR IBM it a it h r ii i is JUN JUL i io 90 19 27 SEP II 20 OCT LATEST DATA PLOTTED WEEK ENDING. OCTOBER IS, ISSI http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BAM OF ST. LOUIS COMMERCIAL PAPER OF NONFINANCIAL COMPANIES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 135 130 SEP. 6 OCT. 4 125 120 115 110 105 100 05 90 3 17 31 14 20 12 20 SEP 0 23 OCT 7 21 A 10 DEC JAN I 15 29 12 20 10 >4 7 21 S 10 0 2 10 90 13 27 II SEP FEB OCT LATEST DATA PLOTTED WEEK END I NO a OCTOBER It, 1080 * DASHED LINE REPRESENTS DATA USING AN OLD REPORTING PANEL AND IS NOT COMPARABLE TO CURRENT DATA. BUSINESS LOANS u (COMMERCIAL AND INDUSTRIAL) , WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY AOJUSlfcU BILLIONS OF DOLLARS BILLIONS OF DOLLARS ------------------------------- 330 ~ COMPOUNDED ANNUAL RATES “ AUG. “ JUL. “ JUN. 2, 5, 7, 1080 1080 1 APR. - JAN. 5, 1080 MILLIONS AUG. 30 SEP. 6 321,807 I II I I I II I I I L111 3 17 31 14 20 12 20 SEP OCT 0 23 7 21 4 10 I 15 DEC JAN FEB 1 18 20 12 20 10 24 7 21 5 10 JUN JUL 2 10 30 13 27 II SEP 29 OCT LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 4, 1089 1/ BUSINESS LOANS INCLUDE BAKERS' ACCEPTANCES AM) COMMERCIAL PAPER. 2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 01.4 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 1973-100 118 -------- SEP. 13 103.3 100.1 3 17 31 14 28 12 20 SEP OCT B 23 7 21 DEC 4 18 JAN I 18 FEB LATEST DATA PLOTTED WEEK ENDING, OCTOBER 18, NOTEi 1 IS 2B 12 28 10 24 7 21 JUN 8 JUL 2 16 30 13 27 11 28 SEP OCT 1 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. ' http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS