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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

0 20

4 19

SEP

JUL

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

2 16 90 19 27 13 37 10 24

• 22

BILLIONS OF DOLLARS

DEC

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

IS M 12 26 10 24

7 21

5 19

NOV

I

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,

FEDERAL
FUNDS HK

1989
AUG.

SEP.

OCT.

196®.

4
1 |
18
25
1
8
15
22
29
6
13
20 *
27

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)


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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
OF
ur UWWC, AVERAGE ur
THE FOUR ilEEKS ENDING
TOTAL TIME DEPOS
OUL.
JUN.

IV,
12,

— APR.
JAN.
“ OCT.

10,
9,
10,

2050

1989
1989

iSfifi
SEP.

BILLIONS

1 1

2100.

0

1 111

4

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


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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

7 21

JAN

I

A 10

DEC

OCT

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

1

18 20 12 20

7 21

5 10

JUN

FEB

10 24

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


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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.
'


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102