Full text of U.S. Financial Data : September 10, 1987
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research library ra | Resme tijfifc 1 SEP 1 4 1987 lancial Data SePtember 10> 1987 THE WEEK'S HIGHLIGHTS: ^ The Federal Reserve discount rate was raised to 6 percent on September 4, after remaining at 5.50 percent since August 1986. This increase was only the second since May 1981 when the discount rate was 14 percent. v Yields on long-term government securities rose to 9.73 percent for the week ending September 11, up 118 basis points from the week ending June 19. s The nation's civilian unemployment rate was 6 percent in August, unchanged from July and down from 6.8 percent a year earlier. is Total civilian employment increased at a 3.8 percent annual rate in August and was up 2.7 percent from a year earlier. Nonfarm payroll employment grew at a 1.8 percent rate in August and rose 2.5 percent over the past year. v* Consumer installment credit rose at an 8.5 percent rate from May to July, compared with a 2 percent rate of advance over the previous six months. 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 270 BILLIONS OF DOLLARS ------------- ,---------- 1------ 263.3 AUG. 2 t6 SO JUL 12 13 27 AUG 264.4 264.4 266.3 266.3 10 24 SEP 8 22 OCT 1986 5 IQ NOV 3 17 31 DEC 14 28 II JAN 25 II FEB 25 8 22 MAR APR LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING: SEPTEMBER 9, 6 20 3 17 MAY JUN 1987 I 18 20 12 28 JUL AUG « SEP 1987 THE ______ ADJUSTED _— -------------------MONETARY ------BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE BAhKS L _CURRENCY IN CIRCULATI ON (.CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF ALL DEPOSITORY INSTITUTIONS) REQUIREMENT RATIO CHANGES. THE ........ i.----------------- AND AN .. ADJUSTMENT ----------------- FOR . RESERVE SERVE------------------------------------------~ ~ MAJOR — SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT. DATA ARE COMPUTED BY THIS A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE FROM THIS BANK. BANK. RECENT DATA ARE PRELIMINARY. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF TWO MAINTENANCE PER 1ODS ENDING: 9/10/86 12/3/86 2/11/87 3/11/87 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDING: 2/11/87 3/11/87 4/ 8/87 5/ 6/87 6/ 3/87 7/15/87 8/12/87 9/ 9/87 4/8/87 «, 10.9 9.6 8.6 9. 1 8.5 7.4 7.4 7.5 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10.0 8.3 9. 1 8.2 6.8 6.9 7. 1 2.5 5.8 5.2 4.0 4.5 5.1 7.5 6. 1 4.3 4.9 5.5 5/6/87 6/3/87 7/15/87 1.8 3.4 4.7 3.4 5.0 8.4 ' 8.0 4.8 5.4 6. 1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS JUL. 27 BILLIONS OF DOLLARS 780 749.0 751 .6 749.5 750.5 752.9 750.7 680 4 18 JUL I 18 29 13 27 10 24 AUG OCT 8 22 NOV 5 19 2 18 JAN FEB 2 16 30 13 27 APR 11 25 8 22 6 20 MAY LATEST DATA PLOTTED WEEK ENDING*. AUGUST 31, 1987 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. BY THE DEMAND PUBLIC* 0THER CHECKABLE D€P0SITS* MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, 9/1/86 12/1/86 2/2/87 3/2/87 5.9 10.3 6.8 4.2 4.0 4. 1 11.7 9.4 3.5 3.4 3.7 AVERAGE OF FOUR WEEKS ENDING; 3/30/87 5/4/87 6/1/87 -5. 1 -2.0 -0.3 -4.6 -1.7 6/29/87 TO THE AVERAGE OF FOUR WEEKS ENDING; 2/ 2/87 3/ 2/87 3/30/87 5/ 4/87 6/ 1/87 6/29/87 8/ 3/87 8/31/87 16.4 14.9 13.5 14. 1 13.1 10.3 9.5 9.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 14.0 11.8 13. 1 11.7 7.9 7.2 7.0 1 1.5 3.1 3.2 3.5 4.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY MULTIPLIERS CURRENCY COMPONENT OF MONEY STOCK 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED 3.0 RATIO 2 §26 Ml MULTIPLIER 2.825 2.9 2.824 2.8 14 28 II JUL 25 8 22 AUG SEP 8 OCT 1986 5 17 1 NOV DEC 15 28 12 28 JAN 0 25 FEB 0 25 MAR 6 20 4 18 APR MAY 1987 I 15 28 IS 27 10 24 JUN JUL AUG 7 21 0 SEP LATEST DATA PLOTTED TWO WEEKS ENDING: AUGUST 24, 1987 BILLIONS OF DOLLARS BILLIONS OF DOLLARS 198 _ COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF - THE FOUR ifcEEKS ENDING —AUGUST 31. 1987 FROM _ THE FOUR *EEKS ENDING: _ JUN. JUN. MAY - MAR. - MAR. _ DEC. SEP. 29, 1987 1, 1987 4, 1987 30, 1987 2, 1987 1, 1966 1, 1986 194 7.5 6.5 6.9 7.2 6.7 8.1 8.0 CURRENCY 186 lflfiZ. BILLIONS 192.1 178 11111111 4 18 1 15 28 IS 27 OCT 10 24 NOV 8 22 5 18 2 18 JAN FEB 2 18 90 15 27 II 25 8 22 8 20 5 17 51 14 28 LATEST DATA PLOTTED WEEK ENDING: AUGUST 31, 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 549.5 552.6 549.8 550.6 552.3 550.4 4 18 JUL I 15 20 13 27 10 24 AUG OCT 8 22 NOV 5 10 JAN 2 10 2 16 30 13 27 FEB APR II 25 8 22 6 20 3 17 31 14 28 MAY 1987 LATEST DATA PLOTTED WEEK ENDING: AUGUST 31. 1987 DEPOSITORY<t^TITUT?ONSS 'S THE SU“ °F DEMAf® DEP0SITS AN0 OTHER CHECKABLE DEPOSITS AT ALL TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES 3F CHANGE , AVERAGE OF FOUR WEEKS ENDING: 9/1/86 12/1/86 2/2/87 3/2/87 5.4 11.4 9.3 3.2 2.9 3.2 13.7 10.2 2.4 2.3 2.7 3/30/87 5/4/87 6/1/87 -8.9 -4.9 -2.7 -8.1 -4.4 6/29/87 TO THE AVERAGE OF FOUR WEEKS ENDING: 2/ 2/87 3/ 2/87 3/30/87 5/ 4/87 6/ 1/87 6/29/87 8/ 3/87 8/31/87 19.2 17. 1 15.3 16.2 14.8 11.1 10. 1 9.7 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 15.2 12.6 14.6 12.7 7.8 6.9 6.7 12.9 1 .8 1 .9 2.4 3. 1 PREPARED BY FEDERAL RESERVE BAFK OF ST. LOUIS 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT 11.0 CORPORATE Aaa BONDS PAN RA~ 4 18 1 15 20 12 10 24 7 21 5 10 NOV DEC 2 16 SO 13 27 FEB 13 27 10 24 MAR 8 22 5 10 3 17 31 APR 14 28 II 25 AUG SEP 1987 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt SEPTEMBER 11, 1987. 1987 JULY AUG. SEP. 3 10 17 24 31 7 14 21 28 4 1 1 * 18 25 90 DAY CD'S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS' ACCEPTANCES CORPORATE Aaa BONDS CORPORATE Baa BOWS MUNICIPAL BOWS WK 6.88 6.73 6.64 6.65 6.72 6.78 6.70 6.72 6.77 7.00 7.36 6.82 6.65 6.52 6.49 6.56 6.63 6.59 6.60 6.64 6.87 7.25 6.75 6.63 6.52 6.53 6.61 6.65 6.58 6.61 6.69 6.96 7.31 9.33 9.31 9.36 9.46 9.56 9.65 9.63 9.68 9.70 9.87 10.05 10.52 10.52 10.57 10.62 10.74 10.84 10.76 10.77 10.82 11.00 11.18 7.81 7.67 7.66 7.72 7.73 7.86 7.79 7.81 7.80 8.05 N. A. NOTEt CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.I5 RELEASE. M AVERAGES OF RATES AVAILABLE KK BOND BUYER'S AVERAGE IWEX 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 11.0 9.0 6.0 TREASURY SECURITIES I V' 1 DISCOUNT RATE TREASURY 1111 4 16 1 15 29 12 26 10 24 7 21 NOV 5 19 DEC 2 16 90 FEB 19 27 MAR 19 27 APR 10 24 8 22 5 19 9 17 91 14 28 11 AUG SEP 28 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt SEPTEMBER 11, 1987. 1987 JULY AUG. SEP. 3 10 17 24 31 7 14 21 28 4 11 * 18 25 FEDERAL FUNDS K* 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL mm 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 6.61 6.64 6.52 6.57 6.63 6.75 6.58 6.74 6.76 6.85 6.95 5.68 5.61 5.58 5.66 5.94 5.87 5.94 6.05 6.24 6.21 6.44 6.00 5.68 5.54 N. A. 6.20 6. 15 6.14 6.12 6.16 6.34 6.72 6.25 6.20 6. 1 1 6.26 6.40 6.49 6.47 6.53 6.65 6.89 7.21 7.96 7.91 7.93 8.05 8. 18 8.30 8.24 8.30 8.41 8.69 9.02 8.66 8.62 8.69 8.84 8.94 9.05 8.95 8.99 9. 1 1 9.43 9.73 NOTE; CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE EXCLUDING LONG-TERM TREASURY » AvcBAH£l£cTofTCeHiS£,i.A?£. COMPUTED BY THIS BANK. TREASURY BILL YIELDS ARE ON A DISCOUNT BASIS. * AVtHAwtS Or nAlhS AVAILABLE » SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN mm AUCTI ON AVERAGE C DISCOUNT ) http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 " i 8 COMMERCIAL BANK SMALL TIME DEPOSITS^ LARGE TIME DEPOSITS u AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS I3SL ILL IONS OF DOLLARS 410 BILLIONS 364.2 365. I 365.5 SMALL TIME DEPOSITS 350 LATEST DATA PLOTTED WEEK ENDING: AUGUST 31, 1987 BILLIONS OF DOLLARS 1987 BILLIONS OF DOLLARS BILLIONS 312.9 313.0 314.3 313.0 314.2 313.3 LARGE TIME DEPOSITS 7 21 4 18 I 13 20 13 27 OCT 1986 10 24 8 22 5 10 2 16 2 18 30 13 27 11 APR NOV LATEST DATA PLOTTED WEEK ENDING: AUGUST 31, 25 8 22 6 20 3 17 31 14 28 MAY 1987 1987 1/ TIME DEPOSITS 1SSUED IN DENOMINATIONS OF LESS THAN 8100,000 1 2 t— i http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * 2/ TIME DEPOS1TS ISSUED IN OF 8100,000 OR MORE PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS COMMERCIAL BANK TOTAL TIME DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS _ JUL. 27 BILLIONS OF DOLLARS 865 854.2 855.6 857.4 856.8 835 825 815 4 IS JUL AUG I 19 29 19 27 10 24 OCT 1986 8 22 NOV 9 19 2 IS JAN FEB 2 IS 90 19 27 APR 11 29 S 22 8 20 9 17 91 14 28 MAY 1987 LATEST DATA PLOTTED WEEK ENDING: AUGUST 31, 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: 9/1/88 12/1/86 2/2/87 4.6 4.6 4.9 6.0 6.3 6.9 6.6 6.5 8.8 8.2 9.2 9.2 9.8 9.0 8.5 5.7 8.4 8.6 9.5 8.4 7.9 3/2/87 3/30/87 5/4/87 6/1/87 6/29/87 8. 1 7.0 4.4 TO THE AVERAGE OF FOUR WEEKS ENDING: 2/ 2/87 3/ 2/87 3/30/87 5/ 4/87 8/ 1/87 6/29/87 8/ 3/87 8/31/87 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9.9 9.7 10.5 9. 1 8.4 1 1.2 1 1 .9 9.7 8.7 1 1.2 8.5 7.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS r I 9 10 BORROWINGS FROM FEDERAL RESERVE BANKS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS BILLIONS OF DOLLARS ----------------- ------------- 1SSL MILLIONS 20 2 012 546 TOTAL BORROWINGS LATEST DATA PLOTTED WEEK ENDING, SEPTEMBER 0, 1067 BILLIONS OF DOLLARS 5 BILLIONS OF DOLLARS 2.5 441 ADJUSTMENT + SEASONAL BORROWINGS 1.5 2 16 90 19 27 10 24 8 22 9 10 9 17 91 14 11 25 II 28 JAN FEB MAR LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 0, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 22 6 20 9 17 1 IS 20 12 26 0 29 1087 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS COMMERCIAL PAPER OF NONFINANCIAL COMPANIES NOT SEASONALLY ADJUSTED IONS OF DOLLARS ILL IONS OF DOLLARS —1---------------------JUL. 29 — AUG. 5 SEP. 2 100 79,147 79.255 78,183 2 18 90 13 27 10 24 8 22 JUL AUG SEP OCT 1086 5 10 NOV 3 17 31 14 28 II 25 II 25 8 22 DEC JAN FEB MAR APR 6 20 3 17 MAY JUN 1987 1 15 20 12 26 0 23 JUL AUG SEP LATEST DATA PLOTTED WEEK ENDINGt SEPTEMBER 2, 1987 BUSINESS LOANS u ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORT ING LARGE COMMERCIAL BANKS 2/ 5tA50NAL.LT ADJUSTED BILLIONS OF DOLLARS 290 ------------- 1---------- ,------ ILL IONS OF DOLLARS —i---------- ------------- 290 _ COMPOUNDED ANNUAL RATES _ OF CHANGE, AVERAGE OF L THE FOUR iVEEKS ENDING 987 - MAY -11.9 27 - FEB. 25i - NOV. 26. JUL. 22 AUG. 2 18 90 19 27 10 24 AUG SEP 8 22 5 10 3 17 31 14 28 II 25 II 25 JAN FEB MAR 6 22 8 20 MAY 5 269,234 270,761 271,064 270,719 111 1 1 I I I I I I I I 3 17 I 15 20 12 26 JUN 0 23 LATEST DATA PLOTTED WEEK ENDING: AUGUST 26, 1967 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