Full text of U.S. Financial Data : October 22, 1987

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RESEAPUl' QBBfftY
Fedt^jl p^yve|3<|r§r
of St. Louis

jancial Data

dober 22, 1987

rv/vr n n 1QQ7

THE WEEK'S HIGHLIGHTS:
is

On October 19, the Dow-Jones industrial average fell 508 points
or 22.6 percent. The Dow-Jones average fell 28A percent from
August 25, when it peaked at 2722.42, to October 22.

is

The producer price index rose at a 3.7 percent annual rate in
September and was 3.2 percent above a year earlier.

**

Industrial production grew at a 1.8 percent rate in September. Since
January, industrial production has risen at a 6 percent rate. Over
the previous 12 months, production increased at a 1.1 percent rate.

^

The capacity utilization rate for the nation's factories, mines and
utilities was unchanged in September at 81.2 percent, up from 78.8
percent a year earlier.

is

Housing starts rose 4.4 percent in September to a rate of 1.669 million
units. Housing starts totaled 1.276 million in the first nine months
of the year compared with 1.422 million in the corresponding period
of 1986.

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

BILLIONS
270
268.0
”

OCT.
266

262

258

254

250

246

13 27 10 24
AUG
SEP

8 22

3 19

3 17 31

14 28 11 29 II 25
JAN
FEB
MAR

8 22

1986

6 20 3 17
MAY
JUN
1987

I

18 29 12 26

9 23

7 21

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDlNGt OCTOBER 21, 1987
____________,
__________________
______________________________
_
FINANCIAL INSTITUTIONS AT FEDERAL
THE
ADJUSTED MONETARY
BASE |S_THE
SUM OF.RESERVE ACCOUNTS_pF
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 PER 1ODS ENDING:
10/22/86

1/14/87

3/25/87

4/22/87

5/20/87

6/17/87

7/15/87

8/26/87

6.5
7.4
6.4
5.3
5.8
5.8
5.8

8.0
6.0
4.3
5.3
5.4
5.5

6. 1
3.9
5.3
5.3
5.4

0.7
3.9
4.2
4.5

4.6
4.9
5.1

7.1
6.8

5.7

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING:
3/25/87
4/22/87
5/20/87
8/17/87
7/15/87
8/26/87
9/23/87
10/21/87

10. 1
9.4
9.5
8.6
7.6
7.7
7.5
7.4


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BAMC OF ST. LOUIS

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
780 m------------- 1---------- 1----------

19SZ

-

SEP.

-

OC T.

7
14
21
28
5
12

BILLIONS OF DOLLARS
780

Bill ION?
746.4
750.3
755.1
751 . 4
757. 4
753. 7

-

J

-

V^J

f

V-

\

V

:
740
-

-

-

-

sm
AUG

1111

111

mi

-LLLL

111
S 10

2

SEP

OCT
1986

NOV

DEC

JAN

FEB

-LLL -LI 1 1

1 1 1

1 1 1

18 2 16 30 13 27

MAR

LATEST DATA PLOTTED WEEK ENDING-. OCTOBER 12,

APR

11

MAY

1111

-LLL

25 8 22

6 20

JUN
1987

JUL

1 1 1 1

-LI 1 -LLL

3 17 31

AUG

H 28 12 28

SEP

OCT

1987

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
SePoIITs'A^T^vi^gSI^^E^0 BY THE N0NBANK PUBUC’ DEMAND DEP0SITS’ 0THER CHECKABLE

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,
10/13/86

1/12/87

15.7
13.2
14.7
1 1 .8
9.7
9.3
8.4
8.3

0.7
6.0
3.6
1.9
2.4
2.2
2.7

3/9/87

AVERAGE OF FOUR WEEKS ENDING:

4/13/87

5/11/87

6/15/87

7/13/87

8/10/87

7.8
3. 1
3.6
3.0
3.7

- 5.5
-2.3
- 1.4
0.2

-0.9
-0.2
1.6

2.9
4.3

3.8

TO THE AVERAGE
OF FOUR WEEKS
ENDING-.
3/ 9/87
4/13/87
5/11/87
6/15/87
7/13/87
8/10/87
9/14/87
10/12/87


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

12.6
6.2
3.2
3.6
3. 1
3.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO

1987
JUL.
AUG.

27
10
24
7
21
5

SEP.
OCT.

RATIO
3.0

RATIO
2.832
2.810
2.824
2.794
2.822
2.806

Ml MULTIPLIER

2.7

I I I I
II 25

8 22

8 20

9 17

OCT

NOV

1

19 20 12 26

JAN

9 25

Mil

0 25

FEB

LATEST DATA PLOTTED TWO WEEKS ENDING* OCTOBER 5,

6 20

4

APR

MAY

18

IS 20

IS 27

10 24

7 21

5 10

SEP

OCT

1987
BILLIONS OF DOLLARS
198

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR *EEKS ENDING
OCTOBER 12, 1987 FROM
THE FOUR WfeEKS ENDING*
AUG.

10,

1987

194

7.7
CURRENCY

— MAY

186

1987

BILLIONS
193.9
194.1
195.1
195.1
195.3
I 1 1 1 I 1

4

18

1

15 29 15 27

OCT
1986

10 24

NOV

8 22

5 19

2

JAN

FEB

16

2 16 50 15 27 11 25
APR
MAY

8 22

6 20

5 17 51

14 28

SEP

12 26

OCT

1987

LATEST DATA PLOTTED WEEK ENDING* OCTOBER 12, 1987
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

TOTAL CHECKABLE DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILLIONS
545.5
549.3
553.5
555.3
551.4

4

18

I

15 20 IS 27 10 24
OCT
NOV

8 22

5

10

JAN

2 18

2 16 SO IS 27

FEB

APR

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 12,

11

25

8 22

Q 20

S

17 SI

MAY
1987

1986

14 28 12 20
SEP
OCT

1987

TOTAL CHECKABLE DEPOSITS IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL
DEPOSITORY INSTITUTIONS.

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
10/13/86

1/12/87

3/9/87

AVERAGE OF FOUR WEEKS ENDING:

4/13/87

5/11/87

6/15/87

7/13/87

8/10/87

7.9
1.7
2.4
1.5
2.4

- 9.4
- 5.2
- 4.2
- 2.2

-3.4
-2.6
-0.4

1.3
3. 1

2.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/ 9/87
4/13/87
5/11/87
6/15/87
7/13/87
8/10/87
9/14/87
10/12/87

17.8
14.8
16.9
12.9
10.2
9.7
8.5
8.4


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

-2.2
4.9
1 .8
-0.3
0.4
0. 1
0.9

14.8
6. 1
2.0
2.5
1.8
2.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

12.0

CORPORATE
Aaa bonds

PRIME BANK
LOAN RATE

90 DAY
CD'S
MUNIC

6.0

I I I I
1

13 29

12 28

10 24

7 21
NOV

5 19
DEC

2

16 30

13 27 13 27 10 24
FEB
MAR
APR

1986

8 22

5

19

3

17 31

14 28

AUG

II

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: OCTOBER 23,

1987
AUG.

SEP.

OCT.

7
14
21
28
4
1 1
18
25
2
9
16
23 X
30

25

9 23

SEP

1987
1987.

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS*
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS K*

6.78
6.70
6.72
6.77
7.00
7.38
7.41
7.43
7.80
8. 19
8.73
8.22

6.63
6.59
6.60
6.64
6.87
7.29
7.35
7.34
7.45
7.52
7.86
7.47

6.65
6.58
6.61
6.69
6.96
7.29
7.35
7.37
7.62
8.04
8.59
7.98

9.65
9.63
9.68
9.70
9.87
10.15
10.28
10.25
10.34
10.48
10.73
10.90

10.84
10.76
10.77
10.82
11.00
11.23
11.40
11.42
11.49
11.61
11.78
11.96

7.86
7.79
7.81
7.80
8.05
8.38
8.32
8.30
8.53
8.66
9. 17
N. A.

NOTE.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE.
M AVERAGES OF RATES AVAILABLE
«* 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

PERCENT

11.0 i—

TREASURY SECURITIES

TREAS

IY BILL

DISCOUNT RATE

1

15 20 12 26

10 24

7 21

5 10

NOV

DEC

2 16 SO 13 27 13 27 10 24
FEB
MAR
APR

8 22

5 10

3

17 31

14 28

AUG

II

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt OCTOBER 23,

FEDERAL
FUNDS D8t!
AUG.

7
14

21
SEP.

OCT.

28
4
1 1
18
25

2

9
16
23 X
30

6.75
6.58
6.74
6.76
6.85
6.95
7.21
7.26
7.56
7.43
7.59
7.37


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY

5.87
5.94
6.05
6.24

6. 15
6.14

6.21
6.39
6.36
6.48
6.62
6.65
6.98
5.95

BILL *818*

6.12
6.16
6.34
6.72
6.64
N. A.
6.83
6.96
7.34
7.21

ENDING ™ D*YS

25

0 23

SEP
1987.

I-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

6.49
6.47
6.53
6.65
6.89
7. 16
7. 10
7.14
7.30
7.50
7.70
6.85

8.30
8.24
8.30
8.41
8.69
8.96
8.94
8.97
9. 17
9.39
9.73
9.32

9.05
8.95
8.99
9. 1 1
9.43
9.72
9.69
9.69
9.81
9.92

10.21

9.80

°*TE »««

PREPARED BY FEDERAL RESERVE BAMC OF ST. LOUIS

7

8
COMMERCIAL BANK
SMALL TIME DEPOSITSi/
LARGE TIME DEPOSITS v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

1331
SEP.

BILLIONS OF DOLLARS

BILLIONS
7

365.6
366.6
369.9
371.3

SMALL TIME DEPOSITS

LATEST DATA PLOTTED WEEK END ING: OCTOBER 12,

1987

BILLIONS OF DOLLARS
1967

BILLIONS OF DOLLARS

BILLIONS
314.<
314.6
313.8
LARGE TIME DEPOSITS

IS 29 13 27

OCT

10 24

NOV

8 22

5 19

2 16

JAN

FEB

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 12,

2 16 90 IS 27

APR

II

23

MAY

8 22

6 20

5 17 31

14 26 12 26

SEP

OCT

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

BILLIONS OF DOLLARS
---------------------- ------------ 875

---------- ,------------- 1------

857.6
659.2
859.9
860.8
861.7
865.4

4

18

AUG

11:

SEP

20 13 27 10 24 8 22
OCT
NOV
DEC

5 10
JAN

2 10
FEB

2 16 30 13 27 11 23 8 22
MAR
APR
MAY
JUN

1986

6 20
JUL

3 17 31 14 28 12 26
AUG
SEP
OCT

1987

LATEST DATA PLOTTED WEEK ENDINGt

OCTOBER 12,

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 ENDING!
10/13/86

1/12/87

6.3
6.7
7.4
7.9
8.0
7.7
7.2
7. 1

7.6
8.6
9.0
9.0
8.5
7.7
7.6

3/9/87

4/13/87

5/11/87

6/15/87

7/13/87

8/10/87

11.2
10.5
9.2
7.8
7.5

10.0
8.4
6.9
6.8

7.0
5.4
5.7

3.9
4.6

4.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/ 9/87
4/13/87
5/11/87
6/15/87
7/13/87
8/10/87
9/14/87
10/12/87

10. 1
10.3
10.0
9. 1
7.9
7.7

•


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
1987
SEP.
2.5

-----OCT.

BILLIONS OF DOLLARS

MILLIONS
16
23
30
7
14
21

1026
976
1197
1193
902
1111

2.5

TOTAL BORROWINGS

2.0

1.5

1.0

0.5

0.0
LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 21,

1987
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
2.5 ---------- 1---------- 1-------1987
SEP.

MILLIONS
16

363

------ OCT.
ADJUSTMENT + SEASONAL
BORROWINGS

0 20

12 20 10 24

7 21

4 10

JAN

FEB

4

10

1

15

13 27

10 24

0 22

8 10

2 10 30 14 20

LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 21, 1987


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
IOO

MILLIONS
_SEP.

9

OCT.

7

78,033
81,558
81,730
81,435

85

6 20

3 17

AUO

SEP

I

15 20 12 20 10 24

7 21

4 18

4

JAN

FEB

MAR

18

18 20

13 27 10 24

MAY

8 22

5 10

2 16 30 14 28

JUN

LATEST DATA PLOTTED WEEK ENDING* OCTOBER 14, 1987

BUSINESS LOANS u
(COMMERCIAL AND INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

_ COMPOUNDED ANNUAL RATES
_ OF CHANGE. AVERAGE OF
~ THE FOUR itEEKS ENDING
“ OCTOBER 7, 1987 FROM
“THE FOUR *EEKS ENDING* '
5,
8,
10,
6,
8,
7,
8,

____
- JAN.
OCT.

1987
1987
1987
1987
1987
1987
1986

6.6
-1.2
-4.7
-2.6
-3.1
-3.3

270,015
271,744
273,755
275,110
1 1.1.1 I I I
6 20

3

AUG

SEP

17

I

18 29

12 26 10 24

7 21

4 18

4 16

JAN

FEB

MAR

I

18 28 13 27 10 24

MAY

1986
LATEST DATA PLOTTED WEEK ENDING* OCTOBER 7,

8 22

8 19

1-1 1 I. 1 I 1 I
2

16 30 14 28

JUN
1987

1987

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 61.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11