Full text of U.S. Financial Data : October 4, 1990

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serve Bank
of St. Louis

ttSrfinancial Data
OCT 1 0 1990

October 4, 1990

THE WEEK'S HIGHLIGHTS:
s

The index of leading indicators fell 1.2 percent in August, following
no change in July, and was at its lowest level since March.

^

The National Association of Purchasing Managers index of
manufacturing activity fell to 44.4 percent in September from 47
percent in August. This is its lowest level since December 1982.
When the index is below 50 percent, manufacturing activity is
usually declining; the index has been below this level since June.

is

Factory durable goods orders fell 0.5 percent in August. In the JuneAugust period, orders fell at a 1 percent annual rate from the previous
three months and were up 1.7 percent from a year earlier.

v

Construction spending was unchanged in August, but was up 2
percent from August 1989. Private sector spending fell 1.9 percent
in August, down 2.3 percent from a year earlier.

tiie

FEDERAL
A

RESERVE

RANK of

«r Minns


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

129G
_ JUL.

BILLIONS OF DOLLARS
324

BILLIONS
310.8
309.8
313.7
313.3
318.8
318.4

— OCT.

304

9 23

6 20

4 IB

SEP

OCT
1989

I

IS 29 13 27 10 24

7 21

7 21

4 19

FEB

MAR

APR

2 16 30 13 27 II 25
JUN

0 22

5 19

3 17 31

JUL

1990

LATEST PLOTTED RESERVE MAINTENANCE PER 100 ENDINGt OCTOBER 3,

1990

FEDERAL
OF ALL
MAJOR
SOURCE
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:
10/4/89

12/27/89

6.6
7. 1
7.5
6.6
7.1
7.0
7.6
8.7

9.7
9.9
8.0
8.5
8. 1
8.B
10.2

3/7/90

4/4/90

5/2/90

10. 1
6.6
7.8
7.5
8.5
10.4

5.0
7.0
6.9
8.2
10.4

5.4
6.0
7.8
10.4

5/30/90

0/27/90

8.4
10. 1
12.9

9.6
13.4

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDINGt
3/ 7/90
4/ 4/90
5/ 2/90
5/30/90
0/27/90
8/ 8/90
9/ 5/90
10/ 3/90


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

ILL IONS OF DOLLARS

835

BULLIONS
818.3
815.7

820.0
820.7
820.6
821.7

785

4 18

AUG

2 10 30 13 27 11

SEP

NOV

25

8 22

5 10

5 10

FEB

DEC

MAR

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 24,

2 18 30 14 28 11

MAY

25

0 23

6 20

3 17

AUG

JUN

SEP

1990

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
KkJ.l,IBE.Si!uTK>,SHS2lNS^!!StD BY THE

public,

oemam> deposits,

other checkable

DtrOSI15 AM) TRAVELERS CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,
9/25/89

12/25/89

AVERAGE OF FOUR WEEKS ENDING:

2/28/90

3/26/90

4/23/90

5/21/90

6/25/90

7/23/90

5.6
2.5
2.7
3. 1
3.7
4.3

0.8
1 .8
2.5
3.3
4. 1

0. 1
1.5
2.8
3.9

3.9
4.7
5.6

5.6
6.5

7.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
2/26/90
3/26/90
4/23/90
5/21/90
6/25/90
7/23/90
8/27/90
9/24/90

5.8
5.8
5.7
4.6
4.4
4.5
4.6
4.9


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

5.9
5.8
3.9
3.8
3.9
4.2
4.7

PREPARED BY FEDERAL RESERVE BANK OF ST.

3

LOUIS

MONEY MULTIPLIER^
CURRENCY COMPONENT OF MONEY STOCK 2/
RATIO
3.0

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
3.0

------- 1-------- 1---------- 1-------1990
JUL.

RATIO

9
23
6
20
3
17

AUG.
SE P.

2.646
2.599
2.619
2.60
2.61
2.57

Ml Ml LTIPL

IER

2.7

2.6

!lll

in

1111

7 21

4

2

AUG

SEP

10

-LLL -111. II l I

10 90 13 27 II

OCT

NOV

DEC

i ii
5 10
FEB

111 -LLLL _LLL -LLL -1.1 1 1 ..III -LLL6 20 3 17
9 10 2 10 90 14 20 II
MAR
APR
MAY
JUN
AUG
SEP
1990

1 1 |!

1
I

19 20

OCT

LATEST DATA PLOTTED TWO WEEKS ENDING* SEPTEMBER 17, 1990
BILLIONS OF DOLLARS

“
-

BILLIONS OF DOLLARS
246

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR ifrEEKS ENDING
SEPTEMBER 24. 1990 FROM
THE FOUR----- -------------------

—JUL.

23,

- JUN.
-MAY
- APR.
- MAR.
- DEC.

25,
21
23,
26,
2f

-

SEP.

2!

1989

CURRENCY

10.0

230

19.9Q
AUG.

BILLIONS

20
240.0
240.1
240.4
242.5

7 21

4

AUG

SEP

10

2 10 90 19 27

NOV

II

DEC

25

8 22

5 10

5 10

FEB

2 10 90 14 20 11

LLLLU I I I I I I I I I I I
25 0 23

MAR

6 20

3

17

1

15 20

LATEST DATA PLOTTED WEEK ENDING. SEPTEMBER 24, 1990
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
572.1
567.7
571 .6

572. 1
571 .0
571 .0

7 21
AUG

4 18
SEP

2

10 30 13 27

NOV

II

25

8 22

5 10

5 10

FEB

DEC

MAR

2

10 30 14 28 II 25
MAY
JUN

1989

0 23

0 20
AUG

3 17
SEP

1

15 20

1990

LATEST DATA PLOTTED WEEK ENDING*.

SEPTEMBER 24,

1990

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,
9/25/89

12/25/89

2/26/90

3/26/90

AVERAGE OF FOUR WEEKS ENDING:

4/23/90

5/21/90

6/25/90

7/23/90

1.6
2.0
2.5

2.8
3. 1

3.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
2/26/90
3/26/90
4/23/90
5/21/90
6/25/90
7/23/90
8/27/90
9/24/90

4.8
4.7
4.6
3.0
2.7
2.7
2.7
2.8


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

3.3
3.4
1 . 1
1 .0
1.3
1 .5
1 .7

4. 1
-0.2
0. 1
0.6
1 .0
1 .4

-2.4
-1.2
-0.3
0.4
1.0

- 3.3
- 1.5
- 0.3
0.5

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

PRIME BANK
LOAN RATE

CORPORATE
Aaa bonds

COMMERCIAL
PAPER

4 18
AUG

I 15 2S IS 27 10 24 > 22
SEP
OCT
NOV
DEC
1989

9 10
JAN

2 16
FEB

2 16 90 1 9 27 II 29 8 22
MAR
APR
MAY
JUN
1990

6 20
JUL

9 17 91 14 28 12 26
AUG
SEP
OCT

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. OCTOBER 5,

1990
AUG.

SEP.

OCT.

3
10
17
24
31
7
M
21
28
5 X
12
19
26

90 DAY
CD'S

30-DAY
COMMERC1AL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

7.89
7.87
7.94
8.09
8.04
7.94
7.97
8.06
8.24
8.02

7.89
7.92
8.01
8.07
8.03
7.96
8.02
8. 10
8.26
8.05

7.62
7.65
7.75
7.90
7.80
7.68
7.73
7.85
8.02
7.77

9. 19
9.34
9.37
9.50
9.56
9.57
9.54
9.51
9.63
9.56

W^AVERAGES^OF^RATES

T* B0A"°

CORPORATE
Baa BONDS

1990.

MUNICIPAL
BONDS wm

10. 14
10.34
10.36
10.54
10.56
10.54
10.57
10.66
10.76
10.66

7.08
7.22
7.26
7.56
7.47
7.41
7.35
7.41
7.53
N.A.

G°VERN°RS' H'15 RELEASE'

** BOND BUYER'S AVERAGE IW>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

PERCf

5-YEAR
TREASURY SECURITIES
FEDERAL.
FI
RATE

TREASI

DISCOUNT RATE

4 18

I

IS 20 OCT 27 NOV 24
13
10

8 22

5 10
JAN

2 10
FEB

2 10 30 APR 27 MAY 25
13
11

8 22

0 20

3 17 31 SEP 28 OCT 20
14
12

1989
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt

1990
AUG.

SEP.

OCT.

3
10
17
24
31
7
14
21
28
5 X
12
19
26

OCTOBER 5,

1990.

FEDERAL
FUNDS XX

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL XXX

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECUR1T1ES

8.03
8.07
8.13
8.30
6.08
8.25
8.12
8. 18
8.26
8.23

7.43
7.37
7.45
7.54
7.46
7.38
7.38
7.38
7.29
7.15

7.37
7. 19
7.31
7.45
7.48
7.36
7.34
7.30
7.33
7.21

7. 16
7. 18
7.22
7.39
7.32
7.23
7.24
7.25
7.25
7.10

8. 12
8.36
8.39
8.62
8.56
8.48
8.47
8.52
8.58
8.37

8.52
8.91
8.94
9. 12
9.09
9.05
9.04
9. 12
9. 14
8.89

NOTE:
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE EXCLUDING LONG-TERM TREASURY
*
COMPUTED BY THIS BANK.
TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS.
* AVtnAGfc.5 OF RATES AVAILABLE
XX SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN
XXX 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
3350

BILLIONS OF DOLLARS
3350

3305.5
3303.9
3316.8
3317.9
3315.6
3316.2

3300

3275

3250

3225

3200

3175

3175

3150

AUG

*18
SEP

2

16 30 13 27

11

25

8 22

5 10

5 18

FEB

MAR

2 16 30 14 28 II

LATEST DATA PLOTTED WEEK ENDING-. SEPTEMBER 24.

0 23

6 20

3

17

1

15 20

1990

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS'

25

H.6 RELEASE

M2 IS THE SUM OF Ml, OVERNIGHT RPS ISSUED BY ALL COliJERCIAL BANKS, OVERNIGHT EURODOLLARS ISSUED
TO U S. RES IDENTSBY FOREIGN BRANCHES OF U.S, BANKS, MONEY MARKET DEPOSIT ACCOUNTS, SAVINGS AND
SMALL TIME DEPOSITS, AND GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUf^S.
FOR MORE

MONEY STOCK (M2)
COMPOUNDED ANNUAL RATES OF CHANGE,
9/25/89

12/25/89

AVERAGE OF FOUR WEEKS ENDING:

2/26/90

3/26/90

4/23/90

5/21/90

6/25/90

7/23/90

4.7
2.6
2. 1
2.4
2.8
3.3

0.5
0.7
1,3
2.1
2.8

0.2
1.0
2.0
2.8

2. 1
3.0
3.8

4.2
5.0

5.6

TO THE AVERAGE
OF FOUR WEEKS
END 1NG:
2/26/90
3/26/90
4/23/90
5/21/90
6/25/90
7/23/90
8/27/90
9/24/90

7. 1
7.0
6.4
5.5
4.9
4.7
4.7
4.9


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

6.5
5.6
4.2
3.6
3.6
3.7
4.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ALL DEPOSITORY INSTI TUT IONS
TOTAL TIME DEPOSITS v
LARGE TIME DEPOSITS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

2200

-

2200

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR JifEEKS ENDING

_

THE FOUR WEEKS ENDING:

w m r>>t
o

2140
TOTAL TIME

IEPOS TS

i

r r n 'i

-2.6
-2.0
-1.9
-1 .s
-I.J
-I.J
-O.S

ii

2110

23, 1990
25, 1990
21, 1990
, iyyu
1990
26
25
1989
\ 1989
25

-

i

~
JUL.
“
JUN.
“MAY
n.
R.
C.
P.

__ m

2M0

BILLIONS OF DOLLARS

I—1--------- 1-------------- 1---------- 1----------

11

m

-

i.j

in

in

mi

in

1 1 1

1111

in

1 1 1

llll

r

11

2086.8
2087.8
2082.2

>
<

- U .l£

10
17
24
in

2089
2086

n

BILL i

20
*1

i

AUC .

oi h'°

1990

2

_
_

1 1 1 1 III 1 1 1 IT

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 24.
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
590

129fi

BILLIONS, -

20

LARGE TIME DEPOSITS

523.9
521.8
520.4

580

520,4
520.0

AUG.

570

560

550

540

530

I I I I
7 21

4

AUG

SEP

18

2 16 30 13 27

NOV

II

DEC

25

8 22

3 19

5 19

FEB

MAR

2 16 30 14 28 11

9 23

8 20

3 17

AUG

1989

25

SEP

1990

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 24,

1990

1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.
2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100,000 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
4.5 r----------- ,---------- ,----1990
AUG.
SEP.

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

—---------- -----------n 4-5

MILLIONS
29
5

510
757
TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 3, 1090
BILLIONS OF DOLLARS

2.5

BILLIONS OF DOLLARS
------1---------- 1------------- 2.5

------------- ----------------- -

1990
AUG.
SEP.

ADJUSTMENT + SEASONAL
BORROWINGS

2 16 90 13 27 II 29 8 22
AUG
SEP
OCT
NOV
1969

6 20
DEC

1

JAN

FEB

MAR

APR

1111 111
9 23 S 20
MAY
JUN
,

4 10
JUL

1

MILLIONS
29
5

500
762

15 20 12 26 10 24

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 3, 1990


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
160
155

AUG. 22
SEP.

5

ueleoi
155,112

150
145
140
135
130
125
120

2 16 30 13 27 It 25
SEP
OCT

8 22

6 20

3 17 SI 14 28 14 28 II 25
FEB
MAR
APR

9 23

8 20
JUN

4 18
JUL

1

15 29 12 26 10 24

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 26, 1990

BUSINESS LOANS u
( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS
BILLIONS OF DOLLARS
336
1
1
1
- OF CHANGE. ANNUAL RATI:s
COMPOUNDED
_
AVERAGE OF
THE FOUR *EEKS ENDING
- SEPTEMBER 19. 1990 FR(M
_ THE FOUR WEEKS ENDING
_

JUL. 18,
JUN. 20,
MAY 16,
_ APR. 18,
MAR. 21,

1990
1990
1990
1990
1990
989

BILLIONS OF DOLLARS
336

-

-0.6
1.3
-0.4
-0.2
0.7

_ SEP. 201

SEASONALLY ADJUSTED

-0.8

-

WC

-

N\P\tvi
V\

A

/

n 1-

y—^

M A

T

A
A A/

320

199<

If1 ILL 10 ms

AUG

111
SEP

111
OCT
1989

Mil
NOV

111 J ] 11 -LLL -LLL -LLL 111! -LLL
DEC

17 31 14 28 14 28 II 25 9 23 6 20
JAN
FEB
MAR
APR
MAY
JUN
1990

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 19,

AUG. 15
27
29
SEP. 5
12
19
i i i i i i
4 18
JUL

i

:

26,00 7

-

sim

-

-

321,640
322,854
321,762
323,244
i i i i i i i

316

_

i

i i5

I 15 29 12 26 10 24
AUG
SEP
OCT

1990

1/ BUSINESS LOANS INCLUDE BANKERS1 ACCEPTANCES AND C0M4ERCIAL 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

DOLLAR'S TRADE-WEIGHTED EXCHANGE

INDEX

AVERAGES OF DAILY FIGURES

1973-100

1973-100

AUG.

29
86.5

86.0
85.6

2 16 30 13 27 II 25
SEP
OCT

8 22

6 20

3 17 31

14 28 14 28 II 25
FEB

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 3,
NOTE:

MAR

APR

0 23

8 20
JUN

4 18
JUL

I

15 29 12 26 10 24

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.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

I>

A:
-<