Full text of U.S. Financial Data : October 8, 1987

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RESEARCH LIBRARY
jUrSrFI lancial

Federj

OCT 1 3 1987

Data

October 8, 1987

THE WEEK'S HIGHLIGHTS:
is*

The commercial bank prime rate was increased on October 7 from
8.75 percent to 9.25 percent, the highest rate since March 1986.

r*

Business loans at weekly reporting large commercial banks increased
by $4.3 billion over the most recent eight weeks after dropping $18.6
billion since the end of 1986.

is

Consumer installment credit increased $4.7 billion in August, or
at a 9.9 percent annual rate. Credit outstanding of $595.8 billion
in August was 5.7 percent above a year earlier.

is

Nonfarm payroll employment grew at a 2.1 percent annual rate
between May and September, slightly slower than the 2.4 percent
pace over the previous four months.
The nation's civilian unemployment rate fell from 6 percent in
August to 5.9 percent in September, the lowest rate since November
1979.

kkni.rm;

llVSkot

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

BILLIONS OF DOLLARS

----- ------------ ---------- 274

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

JUL.

20

—AUG.

12

_

SEP.

13
10
8 22
AUG 27 SEP 24 OCT

9 18
NOV

3DEC 31 JAN 28 FEB 29 MAR 28 APR
17
14
11
11
8 22

8 20
MAY

1086

3 17
JUN

1JUL 29 AUG 26
19
12

0
SEP23

7 21
OCT

1887

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDINGi OCTOBER 7,

1887

..ITS OF FINANCIAL INSTITUTIONS AT FEDERAL
BY THE PUBLIC AND IN THE VAULTS OF ALL
------------1IREMENT RATIO CHANGES.
THE MAJOR
DIT.
DATA ARE COITUTED BY THIS
IS AVAILABLE FROM THIS BAM.

THE ADJUSTED MONETARY BASE IS THE SUM OF 1..
RESERVE BANKS. CURRENCY IN CIRCULATION (CUI
DEPOSITORY INSTITUTIONS) AND AN ADJUSTM
SOURCE OF THE ADJUSTED MONETARY BASE IS
BANK.
A DETAILED DESCRIPTION OF THf
RECENT DATA ARE PRELIMINARY.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDING:
10/8/86

12/31/86

3/11/87

4/8/87

5/6/87

8/3/87

7/1/87

8/12/87

7.1
8.3
7.5
6.2
6.2
6.5
6. 1

7.5
6. 1
4.4
4.9
5.5
5.2

8.0
5. 1
5.4
6. 1
5.6

1.5
3.4
4.7
4.4

3.4
5.0
4.6

7.3
6.0

6.0

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDINGi
3/11/87
4/ 8/87
5/ 6/87
6/ 3/87
7/ 1/87
8/12/87
8/ 9/87
10/ 7/87

11.1
9.7
10. 1
9.3
8.2
7.9
8.0
7.6


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

PREPARED BY FEDERAL RESERVE BAM OF ST. LOUIS

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

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

BILLIONS OF DOLLARS

B-JLLIQN3
753.0
750.9
750.3

755.2
751 .5

I
AUG

15 20 13 27 10 24 8 22
SEP
OCT
NOV
DEC

5 18

2 16

JAN

FEB

2 16 30 13 27 11

MAR

APR

25

MAY

1986

8 22

JUN

6

3 17 31

JUL

AUG

14 28 12 26

SEP

OCT

1987

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 28

1987

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS

H.8 RELEASE.

DEPOSITS^AND**TRAVELERS^CHECKS? BY THE

PUBL,C‘ DEMAND DEP0S,TS' 0THER

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,
9/29/86

12/29/86

3/2/87

3/30/87

AVERAGE OF FOUR WEEKS ENDING:

4/27/87

5/25/87

6/29/87

7/27/87

4.3
2.8

2.6

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/ 2/87
3/30/87
4/27/87
5/25/87
6/29/87
7/27/87
8/31/87
9/28/87

15.8
14.0
14.6
13.5
10.3
9.6
9. 1
8.4


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

4.8
7.8
7.5
4.0
3.9
4.0
3.6

1 1.2
9.5
3.5
3.5
3.8
3.2

12.0
3.1
3.2
3.6
3.0

- 2.9
- 1 .0
0.6
0.4

-4. 1
-0.9
-0.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

4

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

RATIO

1987
JUL.

SEP.

0

RATIO

13
27
10
24
7
21

AUG.

RA

2.825
2.832
2.819
2.824
2.794
2.822

Ml MULTIPLIER

I I I I
11

28

9 22

8 20

3 17

OCT

1

18 29 12 26

NOV

JAN

9 23

9 23

8 20

4 19

APR

FEB

MAY

I

19 29 13 27 10 24

7 21

8

SEP

OCT

19

LATEST DATA PLOTTED TWO WEEKS ENDING. SEPTEMBER 21, 1987
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
198

IED ANNUAL RATES

ENDING.
CURRENCY

— API

1987
AUG.
SEP.

BILLIONS

24
37

193.7
93.9

14

94.1

1111111 I..i-1-lLlli
4 18

1

18 29 13 27

OCT

10 24

NOV

8 22

8 19

2 18

JAN

2 18 30 13 27

FEB

APR

II

28

MAY

8 22

8 20

3 17 31

14 28 12 28

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING, SEPTEMBER 28, 1987
1/ RATIO OF MONEY STOCK (Ml ) TO ADJUSTED MONETARY BASE
2/ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.8 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
575 ---------- 1------------- 1------

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

550.5
545.4
549. I
553.6
549.4

2

OCT

NOV

JAN

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 28,
DEPOSITORYK?NSTITUT?ONS? IS

the sum

16 30 13 27

FEB

APR

11

25

8 22

6 20

3 17 31

MAY

14 28 12 28

SEP

OCT

1087

Of OEMAte DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENOING.
0/28/86

12/20'86

3/2/87

3/30/87

4/27/87

5/25/67

6/20/87

7/27/87

TO THE AVERAGE
OF FOUR WEEKS
ENDING.
3/ 2/87
3/30/87
4/27/87
5/25/87
6/29/87
7/27/87
8/31/87
9/28/87

18.0
15.8
16.7
15.3
1 1 .0
10. 1
9.4
8.4


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

2.8
7.2
6.8
2.3
2.3
2.5
1.9

13.1
10.4
2.4
2.4
2.7
1.9

13.5
1 .8
1.9
2.4
1.5

-6.2
-3.7
-1.7
-2.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

575

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

1

15 29 12 26 10 24

J-L1..J I I I

7 21

5 19

NOV

DEC

2 16 30 13 27
FEB

13 27 10 24
MAR

6 22

5 19

APR

3 17 31

14 28 II 25
AUG

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: OCTOBER 9,

9 23

SEP
1987.

90 DAY
CD'S

SEP.

OOJ0XG

OCT.

7
14
21
28
4
1 1
18
25
2
m

AUG.

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
Aaa bonds

CORPORATE
Baa BONDS

MUNICIPAL
BONDS x«

0.78
6.70
6.72
6.77
7.00
7.38
7.41
7.43
7.80
8.08

6.63
6.59
6.60
6.64
6.87
7.29
7.35
7.34
7.45
7.47

6.65
6.58
6.61
6.69
6.96
7.29
7.35
7.37
7.62
7.90

9.65
9.63
9.68
9.70
9.87
10. 15
10.28
10.25
10.34
10.41

10.84
10.76
10.77
10.82
11.00
11.23
11.40
11.42
11.49
11.58

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

&P^eN TrtL

1987

board of

^

oover*’rs- h-15 release-

« 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
II.0 I—

PERCENT

TREASURY

TREASURY BILL

DISCOUNT RATE

NOV

DEC

FEB

MAR

APR

AUG

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. OCTOBER 9,

SEP
1987.

FEDERAL
FUNDS mm

AUG.

SEP.

OCT.

7
14
21
28
4
1 1
18
25

2

9 X
16
23
30

3-MONTH
TREASURY
BILL

8-MONTH
TREASURY
BILL xxx

l-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECUR1T1ES

6.75
6.58
6.74
6.76
6.85
6.95
7.21
7.26
7.56
7.43

5.87
5.94
6.05
6.24
6.21
6.39
6.36
6.48
6.62
6.60

6.15
6. 14
6. 12
6. 16
6.34
6.72
6.64
N. A.
6.83
6.96

6.49
6.47
6.53
6.65
6.89
7.16
7. 10
7.14
7.30
7.41

8.30
8.24
8.30
8.41
8.69
8.96
8.94
8.97
9. 17
9.30

9.05
8.95
8.99
9. 11
9.43
9.72
9.69
9.69
9.81
9.85


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

ig imawsrasr..
ENDING TWO DAYS EARLIER THAN DATE SHOWN

PREPARED BY FEDERAL RESERVE BAN< OF ST. LOUIS

7

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

BILLIONS OF DOLLARS
410

400

lflfll
- AUG. 24
-_
31
- SEP.
7
14
21
28

BILLIONS OF DOLLARS
410

BULLms.
-

365.
365.
365.'
366.1
367..
368.1

-

j..i i J

2
380
2

SMALL TIME DEPOS1 TS
370

2

2

111 IL1.1

.ill

111

mi

i i.i. 1 1 1

1111

111 jj.i

jiii jjj.

ii 11

111

j_lL

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 28, 1987
3 ILL IONS OF DOLLARS

BILLIONS OF DOLLARS
320

_------1----------1--------1-------1ML BJLLIONS
“

AUG.

24

SEP.

7
14
21
28

-

314.4

“
“

314.,
315.1
315.1
314.1

/—Nl

r

/

“
11111

1111

LARGE TIME DEPOS TS

315

aa<

/

m il

315

2

m il

r'/\

y
jjj
AUG

SEP

i

r

w

J

-

11111

j

s

295

290

in jjj. j-i 11

111 JJJ- J-I 11

1 1 1

1 1 1

OCT
1986

JAN

APR

MAY

NOV

DEC

FEB

MAR

1111

JUN
1987

111

1111

111

JUL

AUG

SEP

in’
OCT

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 28, 1987
1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 9100,000
2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 9100,000 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

ILL IONS OF DOLLARS
865

ftiLLUONS
AUG.

24

~ SEP.

825

805

4 18

I

18 28 13 27

OCT

10 24

8 22

5 IB

2

16

2

16 90 13 27

NOV

APR

II

25

8 22

6 20

3 17 31

MAY

14 28 12 28

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING. SEPTEMBER 28, 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*
9/29/SB

12/29/86

5.5
5.6
6.6
7.0
7.6
7.3
7.0
6.8

8.4
9.5
9.7
10.1
9.3
8.6
8.2

3/2/87

3/30/87

4/27/87

5/25/87

8/29/87

7/27/87

11.7
1 1 .9
9.9
8.8
8.1

1 1 .3
8.9
7.8
7.2

8.3
7. 1
6.5

4.4
4.4

4.7

TO THE AVERAGE
OF FOUR WEEKS
ENDING*
3/ 2/87
3/30/87
4/27/87
5/25/87
6/29/87
7/27/87
8/31/87
9/28/87


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

9.7
9.9
10.5
9.2
8.4
7.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9
4

10

BORROWINGS FROM FEDERAL RESERVE BANKS
BILLIONS OF DOLLARS
3.0

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

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

1887

3.0

MILLIONS
2
8

57-

30

1181

7

1183

TOTAL BORROWINGS

0.0 llllll LLIJ I 11 1 I 1 I 1 11 I I 1 1 1 I 1 I I I 1 I 1 I 1 I I 11 1 I I 1 1 I 1 I 1
LATEST DATA PLOTTED WEEK ENDlNGt OCTOBER 7,

I I I

0.0

BILLIONS OF DOLLARS
2.5

BILLIONS OF DOLLARS
1887

I I I

1887

MILLIONS

ADJUSTMENT + SEASONAL
BORROWINGS

1 .0

I
AUG

15 20 12 26 10 24

SEP

7 21
JAN

4 10
FEB

4 10
MAR

I

10 20 13 27 10 24
MAY
JUN

0 22

5 10

2 10 30 14 20

LATEST DATA PLOTTED WEEK ENDlNGt OCTOBER 7, 1887


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

3 ILL IONS OF DOLLARS

BILLIONS

of dollars

100
- AUG. 26

80

75

I I I I
S 20

3

AUO

SEP

17

I

15 20 12 26 10 24

7 21

4 18

4 18

JAN

FEB

MAR

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 30.

I

15 29 13 27

MAY

10 24

8 22

5 19

2 18 30 14 28

JUN

1987

BUSINESS LOANS u
( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
BILLIONS OF DOLLARS

SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

_ COMPOUNDED ANNUAL RATES
_ OF CHANGE. AVERAGE OF
_ THE FOUR WEEKS ENDING

—
—
-

JUL.
JUN.
MAY
APR.
MM.
DEC.
SEP.

22.
24,
20,
22,
£3,
24,
24,

1967
1987
1987
1987
1986
1986

MILLIONS
271,064
SEP.

2

I I I I I I I
8 20

3 17

AUG

SEP

1

15 29 12 28 10 24

7 21

4 18

4 IB

JAN

FEB

MAR

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 23,

I

15 29 13 27 10 24

MAY

8 22

5 19

270,015
271,218

■111.1.1
2 18 30 14 28

JUN

1987

1/ BUSINESS LOANS INCLUDE BANKERS’ 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