Full text of U.S. Financial Data : October 29, 1987
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research library____________________ |Fed^3::uffn|ancial Data NOV 0 4 1987 October 29, 1987 THE WEEK’S HIGHLIGHTS: is The nation's real gross national product expanded at a 3.8 percent annual rate in the third quarter of 1987 and was up at a 3.6 percent rate from the fourth quarter of 1986. ts Personal income grew at an 8.4 percent rate in September and at a 7.6 percent rate over the past three months. For the year ending in June 1987, personal income rose 5.3 percent. New factory orders for durable goods rose a seasonally adjusted 1.1 percent in September. Orders were up 4.6 percent from September 1986. ** The consumer price index rose at a 2.1 percent annual rate in September and was 4.2 percent above a year earlier. v" Major banks lowered their prime lending rate from 9.25 percent to 9 percent on October 22. The prime rate had been raised from 8.75 percent to 9.25 percent on October 7. KF.DKRAL KKSIKM HANK of STUM IS 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 274 m—1— 1------------_ laar - AUG. _ OC T. r. BILLIONS OF DOLLARS 274 - fliu■ IONS 12 26 w 23 7 21 266 3 266 3 0 i - 268 Ay 268 0 - : V A: _ 258 - - : y l l _ J 258 / i m 111 -LLLL 1 1 1 1 1 1 1 1 1 DEC JAN FEB MAR 1111 29 OCT NOV I960 8 22 APR 111 0 20 MAY _LLL 3 17 JUN 1987 LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDINGt OCTOBER 21. 1 1.1 1 111 M11 15 20 12 26 9 JUL AUG SEP 111 r OCT _LL^S 16 NOV 1987 THE ADJUSTED RECENT DATA ARE PRELIMINARY. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF TWO MAINTENANCE PERIODS ENDINGt 10/22/86 1/14/87 3/25/87 4/22/87 5/20/87 8/17/87 6.5 7.4 6.4 5.3 5.8 5.8 5.7 8.0 6.0 4.3 5.3 5.4 5.4 6. 1 3.9 5.3 5.3 5.3 0.7 3.9 4.2 4.4 4.6 4.9 5.0 7/15/87 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDINGt 3/25/87 4/22/87 5/20/87 6/17/87 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 7 6 5.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 780 ------------- .---------- 1------ BILLIONS OF DOLLARS ----------------- ------------- SEP. 1 750.3 755.1 751.4 757.5 753.9 759.5 15 29 13 27 10 24 OCT 8 22 5 19 2 16 JAN NOV FEB 2 16 SO 13 27 II APR 25 8 22 6 20 3 17 91 M 26 12 26 9 29 MAY LATEST DATA PLOTTED WEEK ENDING: OCTOBER 19, 1987 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. BY THE N°NBANK PUBUC’ DEMAND DEP0SITS* °™ER CHECKABLE MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, 10/20/86 1/19/87 3/16/87 4/20/87 15. 1 13.6 13.9 10.8 9. 1 9.0 8. 1 8.2 3.3 6. 1 3.2 2.0 2.7 2.4 3.1 1 1.3 4.7 2.6 3.5 3.0 3.7 3.0 0.7 2.3 1.9 2.9 AVERAGE OF FOUR WEEKS ENDING: 5/18/87 6/22/87 7/20/87 8/17/87 1.5 1.2 2.9 3.7 5.2 4.2 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/16/87 4/20/87 5/18/87 6/22/87 7/20/87 8/17/87 9/21/87 10/19/87 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - 5.3 -1.5 -0.9 0.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 790 4 MONEY MULTIPLIERS CURRENCY COMPONENT OF MONEY STOCK s AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 1987 UG. EP. CT. RATIO RATIO 10 24 7 21 5 19 2.819 2.824 2.794 2.822 2.806 2.824 Ml MULTIPLIER 6 22 6 20 OCT 3 17 NOV I 15 12 26 9 23 JAN FEB 9 23 6 APR 4 18 MAY 1 15 29 13 27 10 24 7 21 SEP 5 19 OCT 2 16 30 LATEST DATA PLOTTED TWO WEEKS ENDING. OCTOBER 19, 1987 BILLIONS OF DOLLARS BILLIONS OF DOLLARS 198 ---------,-------r— COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR llKEEKS ENDING “ OCTOBER 19, 1987 FROM ___THE FOUR WEEKS ENDING. - - AUG. JUL. JUN. 17, 21 2; 1987 APR. 20, — JAN. 19, _ OCT. 20, 8.4 1987 1987 1986 CURRENCY SEP. 14 194.1 198.0 I 1 I 1-1-LL 1 IS 29 IS 27 10 24 OCT NOV 8 22 8 19 JAN 2 16 FEB 2 16 30 13 27 II 25 APR MAY 8 22 6 20 3 17 31 14 28 12 26 9 23 LATEST DATA PLOTTED WEEK ENDING. OCTOBER 19, 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 ------ ------------------------- 575 575 ------------,--------- 549.3 553.5 555.4 551 .5 556.5 1 13 20 SEP 13 27 10 24 OCT NOV 1986 8 22 DEC 5 10 2 10 JAN FEB 2 16 30 13 27 II MAR APR 23 MAY 8 22 JUN 6 20 JUL 3 17 31 AUG 14 28 12 26 SEP 0 23 OCT 1987 LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 19, 1987 DEPOSITORY^NSTITUT?ONS^ IS THE SUM ^ DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE , 10/20/86 1/19/87 3/16/87 17.0 15.5 15.8 1 1.7 9.5 9.3 8. 1 8.2 1 .7 5.3 1 .6 0. 1 1 .0 0.7 1.4 13. 1 4.2 1.4 2.5 1 .7 2.6 4/20/87 AVERAGE OF FOUR WEEKS ENDING: 5/18/87 8/22/87 7/20/87 8/17/87 -0.4 -0.9 1.3 2.3 4.2 2.8 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/16/87 4/20/87 5/18/87 6/22/87 7/20/87 8/17/87 9/21/87 10/19/87 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.4 -1.5 0.6 0.0 1.3 -9. 1 -4.2 -3.5 -1.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 SELECTED INTEREST RATES AVERAGES OF DAILY RATES PERCENT 11.0 r- PERCENT —I 11.0 5-YEAR TREASURY SECURITIES 3TREAS DISCOUNT RATE 5 18 3 17 31 SEP 14 28 OCT NOV 1986 12 28 DEC 8 23 JAN 6 20 6 20 3 FEB MAR APR 17 1 15 28 12 28 MAY JUN 1987 10 24 7 21 JUL AUG SEP OCT LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGs OCTOBER 30. 1987 SEP. OCT. NOV. 4 1 1 18 25 2 9 16 23 30 X 6 13 20 27 NOV 1987. FEDERAL FUNDS** 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL *** 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 6.85 6.95 7.21 7.26 7.56 7.43 7.59 7.37 7.03 6.21 6.39 6.36 6.48 6.62 6.65 6.98 5.70 5.18 6.34 6.72 6.64 N. A. 6.83 6.96 7.34 7.21 5.98 6.89 7. 16 7. 10 7.14 7.30 7.50 7.70 6.72 6.32 8.69 8.96 8.94 8.97 9. 17 9.39 9.73 8.90 8.38 9.43 9.72 9.69 9.69 9.81 9.92 10.21 9.57 9.14 NOTEt CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS * H.15 RELEASE EXCLUDING LONG-TERM TREASURY SECURITIES WHICH ARE CONFUTED BY THIS BANK. " * AVERAGES OF RATESAVAILABLE---------------------------- -------TRE*SURY B'LL Y'ELI>S ™ * DISC°UNT BASIS' mu SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN mm AUCTI ON AVERAGE ( DISCOUNT ) http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT 12.0 CORPI AAA B( LOAN 90 DAY CD’S MUNICIPAL BONDS 5 19 3 17 31 4 28 12 26 NOV DEC 9 23 B 20 6 20 3 FEB MAR APR 17 I 15 29 12 26 10 24 7 21 4 AUG SEP 18 2 16 30 13 27 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* OCTOBER 30, 1987 SEP. OCT. NOV. 4 1 1 18 25 2 9 16 23 30 X 6 13 20 27 1987. 90 DAY CD’S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS’ ACCEPTANCES CORPORATE Aaa BONDS CORPORATE Baa BONDS MUNICIPAL BONDS XX 7.00 7.38 7.41 7.43 7.80 8. 19 8.73 7.90 7.44 6.87 7.29 7.35 7.34 7.45 7.52 7.86 7.26 6.96 6.96 7.29 7.35 7.37 7.62 8.04 8.59 7.73 7.25 9.87 10.15 10.28 10.25 10.34 10.48 10.73 10.68 10.26 1 l .00 11.23 11.40 11.42 11.49 1 1.61 11.78 11.77 11.36 8.05 8.38 8.32 8.30 8.53 8.66 9. 17 8.72 N. A. NOTE-. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.15 RELEASE. * AVERAGES OF RATES AVAILABLE XX 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 7 8 COMMERCIAL BANK SMALL TIME DEPOSITS 1/ LARGE TIME DEPOSITS v - iafil AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 410 — 1111 BILLIONS OF DOLLARS 410 BLLLLU 366. 367.1 368.! 369. 371. 372. 1111 TTTT TTTT - SEP. 14 21 28 “ OCT. 5 “ 12 19 SMALL TIME 5EP0S TS -L L L 1 1 1 1 1 TTTT 2 350 !uj i LLL -LLL tin ,in in 1111 -LLL -LLL 1 1 1 1 J LI 1 1 1 1 1 1 1 JJ 1 LATEST DATA PLOTTED WEEK ENDING* OCTOBER 19, BILLIONS OF DOLLARS iSfil SEP. w BILLIONS OF DOLLARS 320 BILLIONS 14 314.6 LARGE TIME DEPOSITS OCT. I 15 29 13 27 OCT 10 24 8 22 NOV 5 19 2 16 JAN FEB 2 18 30 13 27 1 LATEST DATA PLOTTED WEEK ENDING* OCTOBER 19, 25 8 22 6 20 3 17 31 14 28 12 28 SEP 9 23 OCT 1987 1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000 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 BILLIONS OF DOLLARS 875 859.2 881*5 866.9 835 1 18 29 13 27 10 24 OCT 8 22 S 19 2 18 JAN NOV FEB 2 18 30 13 27 APR II 25 8 22 8 20 3 MAY 17 31 14 SEP 12 26 9 23 OCT LATEST DATA PLOTTED WEEK ENDING. OCTOBER 19, 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-. 10/20/86 1/19/87 3/16/87 4/20/87 5/18/87 6/22/87 7/20/87 8/17/87 7.2 8.1 8.9 8.5 8.0 7.3 7.4 10.7 10.9 9.9 9.0 7.8 7.9 11.4 9.7 8.7 7.3 7.5 9. 1 7.9 6.5 6.8 5.7 4.6 5.4 3.9 5.2 5.2 TO THE AVERAGE OF FOUR WEEKS ENDING! 3/16/87 4/20/87 5/18/87 6/22/87 7/20/87 8/17/87 9/21/87 10/19/87 6.7 7.3 7.8 8.3 8. 1 7.9 7.3 7.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. 9 LOUIS 10 BORROWINGS FROM FEDERAL RESERVE BANKS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS 3.0 ---------- 1------------- 1------ ------ OCT 7 1103 21 BILLIONS OF DOLLARS 1111 TOTAL BORROWINGS LATEST DATA PLOTTED WEEK END INGt OCTOBER 28, 1987 BILLIONS OF DOLLARS 2.5 ---------- .------------- i-----1087 MILLIONS 7 3 17 I SEP OCT BILLIONS OF DOLLARS ------------------------------- 2.5 ADJUSTMENT + SEASONAL BORROWINGS 725 IS » 12 26 10 24 NOV 1086 DEC 7 21 JAN 4 18 4 IB FEB MAR 1 15 20 13 27 APR MAY 10 24 JUN 1987 8 22 JUL 5 10 AUG 2 IB 30 14 28 II SEP OCT 25 NOV LATEST DATA PLOTTED WEEK END INGt OCTOBER 28, 1987 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BAMC OF ST. LOUIS COMMERCIAL PAPER OF NONFINANCIAL COMPANIES BILLIONS NOT SEASONALLY ADJUSTED DOLLARS of billions of dollars 79,944 81,427 3 17 1 IS 29 12 10 24 7 21 4 18 4 18 JAN FEB MAR 1 18 20 19 27 MAY LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 21, 10 24 8 22 5 10 2 16 30 14 28 11 JUN OCT 25 NOV 1987 BUSINESS LOANS^ ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SfcASUNALLY ADJUSTED BILLIONS OF DOLLARS 295 ---------- -------------------- ILL IONS OF DOLLARS ------1---------- 1---------- 295 COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF the four Weeks ending OCTOBER 14, 1987 FROM -----THE FOUR WEEKS ENDING: AUG. JUL. JUN. MAY APR. JAN. OCT. 12, 15, 17, 13, 15, 14, 15, 1987 1987 1987 1987 1987 1987 1986 SEP. OCT. 18 20 12 28 10 24 7 21 4 18 4 18 JAN FEB MAR LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 14, 1 15 20 IS 27 10 24 MAY 8 22 JUN 9 7 10.2 1.5 -2.7--------1.2 -2.1 -4.1 I 5.1 ____ 271,218 271,744 275,110 275,334 275,702 -LI .J I 1 I 1 II 11 I I I 5 10 2 18 30 14 28 II OCT 25 NOV 1987 1/ BUSINESS LOANS INCLUDE BAhKERS1 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