Full text of U.S. Financial Data : October 7, 1983

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U. S. Financial Data
Federal Reserve Bank of St. Louis

LIBRARY

October 7,1983

0( T 1 3 1983

Recently, the Depository Institutions
Deregulation Committee removed most remaining
interest rate ceilings on time deposits.
On
October 1, the ceilings were lifted for all time
deposits with original maturities or required notice
periods of more than 31 days, and for time deposits
in minimum denominations of $2,500 with original
maturities or notice periods of seven to 31 days.
As a result of these actions, the Federal
Reserve Board has amended the regulations that
determine the reserves financial institutions must
hold against deposits. Effective October 1, 1983,
the minimum maturity, or required notice period,
for all time deposits was reduced from 14 to seven
days. The reduction in the minimum maturity
of time deposits allows financial institutions
to offer a somewhat more liquid deposit without
encountering higher reserve requirements.
A second change reduces from 2-1/2 to
1-1/2 years the minimum maturity that qualifies
nonpersonal time deposits for a zero reserve
requirement. This rule is effective for the reserve
computation period beginning October 6, 1983. As
in the past, nonpersonal time deposits with
maturities less than the minimum are subject to a
3 percent reserve requirement; consequently, the
new rule frees reserves that financial institutions
previously held against nonpersonal time deposits
with maturities between 1—1/2 and 2-1/2 years.
—Donald M. Brown
expressed do not necessarily reflect official positions of this Bank or the Federal Reserve System.
Digitized Views
for FRASER
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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
200
198

196.1
197.0
196.7
197.4
196.6
197.3

OCT.

196
194
192
190
188

182
180
178
176
174

28

IS 27

OCT

10 24

NOV

8 22

5 IS

2

JAN

FEB

16

2 16 30 IS 27 II 25

APR

8 22

6 20

S 17 31

14 26 12 26

SEP

MAY

OCT

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 5, 1983
THE ADJUSTED MONETARY BASE CONSISTS OF: ( I ) RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT
FEDERAL RESERVE BANKS. (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE
VAULTS OF ALL DEPOSITORY INSTITUTIONS). AND (3) 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 AVAIL­
ABLE FROM THIS BANK.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE
10/6/82

AVERAGE OF FOUR WEEKS ENDING:

l/5/83

3/2/83

4/6/83

5/4/83

14.4
12.8
12.9
I 1.8
10.7
10. 1
9.5

10.6
1 1.5
10.3
9.0
8.6
8.0

10.8
9.3
7.9
7.6
7. 1

10.0
8.0
7.6
6.9

6/8/83

7/6/83

6/3/83

4.8
5.5
5.1

5.2
4.8

5.4

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/
4/
5/
6/
7/
8/
9/
10/

2/83
6/83
4/83
8/83
6/83
3/83
7/83
5/83

1 1.2
1 1.5
1 1 .0
1 1.3
10.8
10. 1
9.7
9.3


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
56

BILLIONS OF DOLLARS

----------------------------1---------

M
AUG.

24

BJLLIPNS
54.3

53.0

4

18

AUG

I

IS 28 19 27 10 24 8 22
OCT
NOV
DEC

SEP

S

19

JAN

2 18

2

FEB

16 90 IS 27

MAR

APR

1982

II

MAY

29

8 22

JUN
1983

6 20

JUL

9 17 91

AUG

14 28 12 26

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 28, 1983

SS^ufS®*^ Wff.STlHI SUIBIPtt.1

RESERVE

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDING:
9/29/82

12/29/82

M.4
14.6
14.0
12.6
13. 1
11.6
10.3
8.9

17.5
15.8
13. 1
13.8
1 1.5
9.8
7.9

3/2/83

3/30/83

4/27/83

5/25/83

6.3
10.2
7. 1
5.4
3.4

10. 1
6.1
4.4
2.2

7.8
4.9
2,2

6/29/83

7/27/83

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/ 2/83
3/30/83
4/27/83
5/25/83
6/29/83
7/27/83
8/31/83
9/28/83


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

13.0
9.4
11.5
8.7
7.0
5.0

-1.1
-2.9

-3.2

PREPARED BY FEDERAL RESERVE SAMC OF ST. LOUIS

3

4
MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
525
520

515.6
513. 1
518.4
515.5
517.7
518.3

AUG.

515
510
505
500
495
490
485
480
475

470

470

Er

465
460
455
450
445

445

—
4 16

I

IS 29 13 27

OCT

10 24

NOV

8 22

5

10

JAN

2

16

2 16 SO

FEB

13 27

APR

11

25

6 22

6 20

S 17 31\

14 28

12 26

MAY

LATEST DATA PLOTTED WEEK ENDING*. SEPTEMBER 28. 1983
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COMMERCIAL BANK DEMAND DEPOSITS
HELD BY THE NONBANK PUBLIC (EXCLUDING THOSE HELD BY FOREIGN BANKS AND OFFICIAL INSTITUTIONS)
AND OTHER CHECKABLE DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS' CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE ,
9/29/82

12/29/82

15.2
15.5
12.8
14.6
14.2
13.9
12.4
1 1.8

16.4
1 1.5
14.6
14.0
13.6
1 1.6
10.9

3/2/83

AVERAGE OF FOUR WEEKS ENDING:

3/30/83

4/27/83

5/25/83

6/29/83

7/27/83

11 .8
11.7
1 1.5
6.9
8.2

18.8
16.3
1 1 .7
10.3

1 1.2
7.3
6.6

5.1
4.9

2.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING?
3/ 2/83
3/30/83
4/27/83
5/25/83
6/29/83
7/27/83
8/31/83
9/28/83


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

6.5
13.4
12.8
12.5
10. 1
9.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK 2/
RATIO
2.9

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
2.9

—1--------- 1--------1—
1983

2.8

SE

RAT 10

11 l-M

AUG-

P' 11

_

I
Ml MU LTIPLII ■R

''V/

2.5

><S\

1 1

1.11 XI. 1 XI 1 1 1 111 XXL 1111

Xill

LATEST DATA PLOTTED WEEK ENDINGt SEPTEMBER 28.

111

111

1111

1 1 1

BILLIONS OF DOLLARS
146 —1------------ 1----------- 1---------144
142

138

BILLIONS OF DOLLARS
146
■

COMPOUNDED ANNUAL R/kTES
—OF CHANGE, AVERAGE
THE FOUR WEEKS END ItJG
“ SEPTEMBER 28, 1983 ROM
— THE FOUR WEEfcS END It*R.
—

140

111 XiiJ

ini

1983

JUL.
JUN.
— MAY
_ APR.
MAR.
-

SEP.

27,
29,
25,
27,
30,
29,

1983
1983
1983
1983
1983
1982

144
142

9.
7.C
8.2
9.
9.C
*S:5

140
CURRE NCY

138
-

-

-

-

-

132

1
-

AUG .

130

SEP .

128

Ill

1111
I

AUG

XXL XXL

IS 29 IS 27 to 24

SEP

OCT
1982

NOV

1111
• 23

DEC

XXL

111

JAN

FEB

16

INI

XLL XXL

2 IS 30 13 27 II 29

MAR

LATEST DATA PLOTTED WEEK ENDINGt SEPTEMBER 28,

APR

MAY

1111
8 22

JUN
1983

XLL
6

JUL

BILLIONS
24 141.9
142.3
—
7 142.4
14
142.8
21
143.0
_
28
143.6
i i i i 1 i i i 1 i i i‘
31

S 17 SI

AUG

14 28 12 26

SEP

OCT

1983

1/ RATIO OF MONEY STOCK <Ml ) TO ADJUSTED MONETARY BASE
2/ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

16.0

CORPORATE
AAA BONDS

'RIME BANK
OAN RATE
MUNICIPAL
BONDS

CD'S

6 20
AUG

5 17
SEP

I

15 29 12 26 10 24

7 21
JAN

I
FEB

MAR

1982

15 29 15 27 10 24
MAY
JUN
1983

8 22

S 19

2 16 50 14 28

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: OCTOBER 7, 1983

1983
AUG.

5
12
19
26
SEP.
2
9
16
23
30
OCT.
7 *
14
21
28

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
AAA BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS KX

9.82
9.99
9.78
9.49
9.73
9.54
9.43
9.34
9. 17
9.14

9.42
9.59
9.46
9.20
9.34
9.33
9.28
9. 16
8.97
9.02

9.70
9.87
9.62
9.40
9.58
9.41
9.31
9.20
9.08
9.05

12.62
12.71
12.40
12.32
12.54
12.47
12.40
12.31
12.22
12.23

13.64
13.75
13.63
13.55
13.65
13.60
13.55
13.51
13.49
13.47

9.74
9.85
9.70
9.59
9.75
9.67
9.62
9.42
9.46
N. A.

* AVERAGES OF RATES AVAILABLE.
mt BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
N.A. - NOT AVAILABLE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BA»#< OF ST. LOUIS

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
16.0

15.0

5-Y
TREASURY S

IRITIES

:ral n
» RATE

RATE
TREAi

I

AUG

IS 29 12 26 10 24

SEP

T 21

4

JAN

FEB

IS

4 18

I

IS 29 IS 27

10 24

8 22

5 19

2

16 SO

14 28

MAR

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: OCTOBER 7, 1983

1983

FEDERAL
FUNDS ft***

AUG.

5
12
19
26
SEP.
2
9
16
23
30
OCT.
7 X
14
21
28

9.59
9.66
9.67
9.41
9.44
9.53
9.54
9.48
9.04
10.00

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL***

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

9.41
9.52
9.35
9.15
9.26
9.13
9.08
8.94
8.75
8.64

9.56
9.70
9.55
9.29
9.53
9.40
9. 14
9.06
8.84
8.92

9.71
9.80
9.50
9.37
9.64
9.47
9.33
9. 15
9.04
8.97

1 1 .74
11.89
11.49
11.34
1 1 .73
11.56
11.46
11.37
11.22
11.18

11.92
12.01
11.65
11.54
11.89
1 1 .73
11.65
11.56
11.43
11.40

* AVERAGES OF RATES AVAILABLE.
** S|V|NzPAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE.

mm

new issue rate

B?[Ty'ELDSR^SK?scoUNTR^fi.*,,E C0MPUTE° BT THE FEDERAL RESERVE 0AF* * ST- L0UIS-


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
TOTAL CHECKABLE DEPOSITS!/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

380

BILLI QMS

375

369.0
370

371.3
368.0
369.9
370.0

365
360
355
350
345
340
335
330
325
320
315

4 It

I

IS 29 IS 27

OCT

10 24

I 22

NOV

LATEST DATA PLOTTED WEEK ENDINGt

5 19

2

JAN

FEB

16

2 16 SO 13 27

SEPTEMBER 28,

APR

II

25

6 22

6 20

3 17 31

14

SEP

MAY

OCT

1983

1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDINGt
9/29/82

12/29/82

17.8
17.7
14. 1
16.4
15.8
15.7
13.7
12.7

17.4
11.1
15.4
14.7
14.7
12. 1
1 1 .0

3/2/83

3/30/83

4/27/83

5/25/83

6/29/83

7/27/83

12.9
7.3
6.0

4.8
3.9

-0.5

TO THE AVERAGE
OF FOUR WEEKS
ENDINGt
3/ 2/83
3/30/83
4/27/83
5/25/83
6/29/83
7/27/83
8/31/83
9/28/83


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

4.3
13.9
13.2
13.5
10.3
9. 1

12.3
12.1
12.6
9. 1
7.9

21 .8
19.5
13.0
10.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TOTAL TIME DEPOSITS^
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

AUG.

24

SEP.

699.0
700.2
700.7
701 .8
701.3
702.0

-=

1

15 29

13

2T

10 24

0 22

5

19

JAN

2

16

2

1 6 30

13 27

tl

25

0 22

6 20

FEB

3

17 31

14 26

SEP

LATEST DATA PLOTTED WEEK ENDING. SEPTEMBER 28,

680

12 26

OCT

1983

1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

MMDAs, MMMFs and SUPER NOWs
(billions of dollars, not seasonally adjusted)
MMDAs 1/
August
September

17
24
31
7
14
21
28

MMMFs 2/

3366.6
365.2
364.7
366.2
366.8
366.7
367.4

3177.6
177.1
176.6
176.5
175.8
176.3
176.0

SUPER NOWs 3/
333.7
33.4
33.5
34.7
34.8
34.5
33.8

1/ Money market deposit accounts at all depository institutions, effective 12/14/82.
2/ Total money market mutual fund balances.
1/ NOW accounts at all depository institutions, requiring a $2,500 minimum balance
and eligible to earn more than 5.25 percent, effective 1/5/83.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10
SMALL TIME DEPOSITS^
COMMERCIAL BANK SAVINGS DEPOSITS
BILLIONS OF DOLLARS
460
450

420

BILLIONS OF DOLLARS
460

=

--AUG.
1982.24 BJILIQNS
333.8

440
430

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

_

1

31

335.1

14

336.1

28

E
3
;
=

1
338.1

410
400
390

E
E
Y
s

380
370
360
350
340
330
320
310
300
0

=
=
1
1
i

SMALL TIME DEPOS

k

360
350

V■n

340
330
320
310

1111 -U 1 111 -LLLL J-l 1 iii 1111 111 1 1 1 1111
DATA PLOTTED WEEK ENDING* SEPTEMBER 28, 1983

i.i i

BILLIONS OF DOLLARS
185

175

1111

■

11

ah:

1982

BILLION?

AUG. 24
___
31

137.7
137.3

E

Z

14
21

1371C
137. I
136.1

Z

E

28

1

=

160
—

=

1

z

155

'v

E
145

\

=

i

z

E

1

1

=

!1ll
4 It
AUG

165
160
155

145
140
135

130
0

175

150

140
135

0

170

=

SAVIN GS DE *OSITS

ISO

300

BILLIONS OF DOLLARS
185
z

-

170
165

380
370

\

E
E
=
!lll

=
E

400
390

=

v

LATEST

180

410

1111 .in. ILL I I l I .11.!
I IS 29 IS 27 10 24
8 22 5 19
SEP
OCT
NOV
DEC
JAN
1982

1111
111
111
1111
2 16 2 16 SO IS 27 II 25 t 22
FEB
MAR
APR
MAY
JUN
1983

in

111
S 20
JUL

MIL _LL.L lllL

S 17 SI 14 26 12 26
AUG
SEP
OCT

LATEST DATA PLOTTED WEEK ENDING* SEPTEMBER 28. 1983
1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 6100,000.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

130
0

BORROWINGS FROM FEDERAL RESERVE BANKS
BILLIONS OF DOLLARS
4.5 r-------- ,------------- ,-----1983

AUG. 31
SEP.
7
14
21
28
OCT.
5

4

>8

1

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
---------------------------- =1 «-5

MILLIONS
1714
1247
1148
2109
1281
1416

15 29 OCT
13 27 NOV
10 24

8 22

3 19

JAN

2

16

FEB

2

16 30

13 27 11

APR

MAY

25

8 22

8 20

3 17 31 SEP
14 28 OCT
12 26

1982
LATEST DATA PLOTTED WEEK ENDING: OCTOBER 5, 1983

BUSINESS LOANS u
( COMMERCIAL AND INDUSTRIAL )
WEEKLY SEASONALLY
REPORTINGADJUSTED
LARGE BY
COMMERCIAL
BANKS
THIS BANK

BILLIONS OF DOLLARS
236 ---------- 1------------- 1---------- 1----------

—

_ COMPOUNDED ANNUAL RA TES
_ OF CHANGE, AVERAGE 0 F
__THE FOUR WEEKS END IN G
_ SEPTEMBER 28, 1983 F ROM
_ THE FOUR WEEKS END ING:
1983
1983
1983
1983
1983

-2.3
-0.3
I .0
-1.3
-2.8

“ SEF . 29*

982

-11 1

“

n il

JUL. 27,
JUN. 29,
MAY 25,
APR. 27,
MAR. 30,

BILLIONS OF DOLLARS
236
-

n il

r

“
—
“
“
~

V

in i

212
198.

2

5I l 1

Lu j i

AUG

SEP

111

111

XI 1 1

111

111

1111

OCT
1982

NOV

DEC

JAN

FEB

MAR

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 28.

111 -i-i.i.
APR

MAY

XI, IJ-

JUN
1983

kIILLIOMS

-

AUG. 24
216,457
31
216,225
I
SEP. 7
215,826
_
14
215,037
_
21
215,064
28
213,135
i i i i i i i i i i i i‘
INI
14 28
JUL
AUG
SEP
OCT

1983

1/ BUSINESS LOANS INCLUDE BANKERS* ACCEPTANCES AM) COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF 8750 MILLION OR MORE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

208

204

12
LARGE TIME DEPOSITS

ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

B1LL10NS

D0LLArS

227.8

OCT

NOV

JAN

FEB

LATEST DATA PLOTTED WEEK ENDINGt SEPTEMBER 28.

1983

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100,000 OR MORE.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BAhK OF ST. LOUIS