Full text of U.S. Financial Data : September 20, 1990

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RARY

R

F

.V-f-l-JBii.-,

of St. Louis

'!• Ill .XU

4 1990

U.S. Financial Data
September 20, 1990

THE WEEK'S HIGHLIGHTS:
is

Consumer prices (CPI) accelerated at a seasonally adjusted 9.6 percent
annual rate in August, following a 4.7 percent rate of increase in July.

is

Producer prices of finished goods (PPI) increased at a seasonally
adjusted annual rate of 16.4 percent in August. A 9.5 percent jump
in energy prices was largely responsible for the August hike. The
PPI less energy increased at a 0.1 percent annual rate and was up
4 percent from August 1989.

is

Industrial production declined at a 2.2 percent annual rate in August,
following no change in July.

is

Retail sales declined at a 6.6 percent annual rate in August, after
rising at a 9.6 percent rate during the previous two months. Sales
would have dipped further if not for a 6.4 percent jump in gasolineservice station sales. Total sales have risen just 1.7 percent over the
past year, significantly less than the 5.6 percent increase in the CPI
over the period.

mi;

FEDERAL
A HWKot
X RESERVE'
«r s'l.mus

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

BILLIONS OF DOLLARS
320

307.7
313.7
313.3

296

292

12 26

9 23

6 20
SEP

4 IS
OCT

I

15

13 27 10 24

7 21
FEB

7 21
MAR

4 IS
APR

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING. SEPTEMBER 19,

2 16 30 13 27 II 25
JUN
JUL

8 22

5 19

1990

HE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL
ESERVE BANKS,. ------------- ------------------------------_____ CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS -------ALL
------------ --------- ---------------------- -““
OF ----ST I TUT IONS)
THE --------MAJOR
ITORY INSTITUTJJ------- AND AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO CHANGES.
-------------------------------------------------------------------------------------- ----ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT.
DATA ARE COMPUTED BY THIS
* OF THE .--------I LED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE FROM THIS BANK.
A DETAII
RECENT DATA ARE PRELIMINARY.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS END 1NG:
9/20/89

12/13/89

2/21/90

3/21/90

4/18/90

5/16/90

6/13/90

7/25/90

10.9
9.2
9.5
7.9
8.3
8.6
9.5

9.0
9.6
7.0
7.8
8.3
9.6

7.1
4.5
6.3
7.2
8.8

5.0
7.2
8.0
9.8

5.7
7.2
9.6

10.4
12.7

14.7

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDINGt
2/21/90
3/21/90
4/1 a/90
5/16/90
6/13/90
7/25/90
8/22/90
9/19/90

6.3
7.5
7.0
7.4
6.6
7.0
7.4
8.2


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

billions of dollars

813.0
815. 1
818.3
815.7
820.0
820.5

3 17 31

14 28 II

AUG

25

0 23

0 20

4 IS

NOV

SEP

DEC

I

IS 20 12 20 12 20

FEB

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 10,

0 23

7 21

4

IS

2

16 30 13 27

MAR

AUG

10 24

SEP

1990

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1 H.6 RELEASE.
Ml IS THE SUM OF CURRENCY HELD BY THE NONBANK PUBLIC, DEMAND DEPOSITS, OTHER CHECKABLE
DEPOSITS AND TRAVELERS CHECKS.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,
9/11/89

12/11/89

AVERAGE OF FOUR WEEKS ENDING:

2/12/90

3/12/90

4/9/90

5/7/90

6/11/90

7/9/90

7.8
5.9
4.0
4.7
3.8
4.9

2.5
1.3
2.8
2.2
3.7

0.6
2.8
2.0
3.9

3.0
2.0
4.2

3.4
6.1

5.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
2/12/90
3/12/90
4/ 9/90
5/ 7/90
6/11/90
7/ 9/90
8/13/90
9/10/90

4.6
5.9
5.5
5.1
4.3
4.6
4.2
4.8


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

6.8
5.8
5. 1
4.0
4.5
3.9
4.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK
RATIO
3.0 -------------1---------- 1---------- 1-----------1990
JUN.
JUL.
AUG
SEP

25
9
23
6
20
3

v

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
3.0

RATIO
2.616
2.646
2.599
2.61
2.60
2.61

2.9

Ml MUL TIPLI ;r
k

—'

V
2.6

LI11.
10 24
JUL

in
T 21
AUG

111
11 ii
111
111 J-LLl. j_n. i-L-l 1
4 18 2 18 30 13 27
19 3 19
SEP
OCT
NOV
DEC
JAN
FEB
MAR
1989

LATEST DATA PLOTTED TWO WEEKS ENDING: SEPTEMBER 3,

1 1 1 -LLL
1 1 1 1
2 16 30 14 28 II 25 9 23
APR
MAY
JUN
JUL
1990

1 1 1
8 20

AUG

ml
3 17
SEP

1990

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
246

~ COMPOUNDED ANNUAL RATES
“ OF CHANGE, AVERAGE OF
—THE FOUR *EEKS ENDING
SEPTEMBER 10, 1990 FROM
- THE FOUR WEEKS ENDING*.

— MAR
____
SEP.

9,
11,
7,
9,
12,
11,
II,

1990
1990
1990
1990
1990
1989
1989

M.6
13.4
11.8
11.3
11.1
11.6
9.5
CURRENCY

1220.

BILLIONS

—

237. 1
240.2

Uli.Lj Ll.l 11 I 1 I 1 I
3 17 31

14 28 11 25
AUG
SEP

9 23

6 20
NOV

4 16
DEC

I 15 29 12 28 12 26
FEB
MAR

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 10,

9 23

7 21
MAY

2

JUN

16 30 13 27

AUG

10 24

SEP

1990

1/ RATIO OF MONEY STOCK (Ml ) TO ADJUSTED MONETARY BASE
2/ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1 H.6 RELEASE.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

222

TOTAL CHECKABLE DEPOSITS
billions

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

OF DOLLARS

DOLLARS

billions of

BILLION?
568.7
570. I
567.7
571.6
571 .8

3

17 3i

14 28 II

AUG

25

0 23

6 20

4

NOV

SEP

DEC

18

I

15 » 12 26 12 26

FEB

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 10,
IS THE SUM
DEPOSITORY

DEMAND

0 23

7 21

4 18

MAY

MAR

JUN

2

16 30 13 27

AUG

10 24

SEP

1990
deposits and other checkable deposits at all

INSTITUTIONS.

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE
9/11/89

12/11/89

2/12/90

3/12/90

AVERAGE OF FOUR WEEKS ENDING*.
4/9/90

5/7/90

-2.4
0.2
-1.1
0.8

0.5
-1.2
I.I

6/11/90

7/9/90

0.3
3.1

1.6

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
2/12/90
3/12/90
4/ 9/90
5/ 7/90
6/11/90
7/ 9/90
8/13/90
9/10/90

3.5
5. 1
4.4
3.8
2.8
3. 1
2.3
2.8


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

4.6
3.5
2.7
1.4
2.0
1 . 1
1 .9

6.9
4.4
1 .9
2.7
1.3
2.4

-0.3
-1.7

0. 1
-0.9
0.6

prepared by federal

reserve bank

OF ST. LOUIS

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT

PERCENT

12.0 |—

PRIME BANK
LOAN RATE

CORPORATE
Aaa bonds

COMMERCIAL

MUNICIPAL

4 18

JUL

I

AUG

SEP

15 2B 15 27 10 24

OCT
1989

NOV

8 22

DEC

5 19

2 15

JAN

FEB

2 15 50 15 27

MAR

APR

11

25

MAY
1990

8 22

JUN

0 20

JUL

5 17 51

AUG

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. SEPTEMBER 21,

1990
JULY

6
13
20
27
AUG.
3
10
17
24
31
SEP.
7
14
21 X
28

14 26

SEP
1990.

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS*
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS XX

8.24
8.25
8.04
7.98
7.89
7.87
7.94
8.09
8.04
7.94
7.97
8.01

8.23
8.23
8.02
7.97
7.89
7.92
8.01
8.07
8.03
7.96
8.02
8.07

7.98
7.98
7.82
7.77
7.62
7.65
7.75
7.90
7.80
7.68
7.73
7.79

9.23
9.26
9.24
9.26
9. 19
9.34
9.37
9.50
9.56
9.57
9.54
9.52

10.20
10.23
10. 19
10.19
10. 14
10.34
10.36
10.54
10.56
10.54
10.57
10.65

7.24
7.21
7. 17
7. 15
7.08
7.22
7.26
7.56
7.47
7.41
7.35
N. A.

NOTE.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE.
X AVERAGES OF RATES AVAILABLE
XX 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 BANK OF ST. LOUIS

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES

PERCENT

PERCENT

1 I .0

5-YEAR
TREASURY SECURITIES
RATE

DISCOUNT RATE

4

18

I

15 20

15 27

OCT

10 24

8 22

5 10

2

JAN

NOV

FEB

18

2

16 30 13 27 11

APR

25

8 22

6 20

3 17 31

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt SEPTEMBER 21,

1990
JULY

AUG.

SEP.

NOTE*

6
13
20
27
3
10
17
24
31
7
14
21 X
28

14 28

MAY
1990.

FEDERAL
FUNDS XX

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL XXX

J-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

8.33
8.28
8.14
8.05
8.03
8.07
8. 13
8.30
8.08
8.25
8. 12
8. 18

7.71
7.73
7.57
7.53
7.43
7.37
7.45
7.54
7.46
7.38
7.38
7.38

7.60
7.75
7.52
7.40
7.37
7. 19
7.31
7.45
7.48
7.36
7.34
7.30

7.49
7.53
7.34
7.33
7. 16
7.18
7.22
7.39
7.32
7.23
7.24
7.24

8.36
8.43
8.31
8.30
8. 12
8.36
8.39
8.62
8.56
8.48
8.47
8.49

8.58
8.67
8.64
8.65
8.52
8.91
8.94
9. 12
9.09
9.05
9.04
9. 10

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1 H.I5 RELEASE EXCLUDING LONG-TERM TREASURY
TREASURY BILL YIELDS ^ ON A DISCOUNT BAS IS.

X AVERAGE^OF^ATErAVAIL^LE0^^0 BY ™IS BA**‘

XX SEVEN-DAY AVERAGES FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN
XXX AUCTI ON 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

r*

i

>

J ill

f

llll m il

1
1—
i99o
am■ IONS
~AUG. 6 329C
I
13 3296 .2
_
20 3305 . 1
27 3305 .8
' ib 3317 .6

3325

3300

BILLIONS OF DOLLARS
3350

|TTTT

BILLIONS OF DOLLARS
3350

3275

z

HU

Tf

/r

L^

■1.1111 111

1 111

ll

z

JTTTT

L lll

i

y

.

1

m
/

m il

-

3250

3125

3125

:#imi J.LL
17 SI

JUL

mi

14 28 II

AUG

25

1111

S 23

SEP
OCT
1980

111 ■i,i 18 J-LLl ILL -LI..1... JJ 1 i. 1 1 1
i |
6 20 4
15 20 12 26 12 26

NOV

DEC

JAN

FEB

MAR

0 23

APR

7

MAY
1990

1 1 1

16
JUN

1 1 1 1 -LI 1

nL

2 16 30 15 27

JUL

AUG

10 24

SEP

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 10, 1990
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE
M2 IS THE SUM OF Ml, OVERNIGHT RPS ISSUED BY ALL COMMERCIAL BANKS, OVERNIGHT EURODOLLARS ISSUED
I2*,U,-ST,n§SA£fKIfTi* FOREIGN BRANCHES OF U.S. BANKS, MONEY MARKET DEPOSIT ACCOUNTS, SAVINGS AND
SMALL TIME DEPOSITS, AND GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUN6s. FOR MORE
DETAIL, SEE THE H.6 RELEASE.

MONEY STOCK ( M2J
COMPOUNDED ANNUAL RATES OF CHANGE
9/11/89

12/11/89

2/12/90

3/12/90

6.6
4.7
2.8
3.2
2.8
3.7

2.7
0.9
1.9
1.7
2.9

AVERAGE OF FOUR WEEKS ENDING:
4/9/90

5/7/90

6/11/90

7/9/90

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
2/12/90
3/12/90
4/ 9/90
5/ 7/90
6/11/90
7/ 9/90
8/13/90
9/10/90

6.8
7. 1
6.7
6. 1
5.0
5.0
4.6
5.0


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

7.0
6.4
5.4
3.9
4. 1
3.6
4.3

-0.6
1 . 1
1.1
2.6

1.1
1-1
3.0

2.8
4.9

4.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ALL DEPOSITORY INSTITUTIONS
TOTAL TIME DEPOSITS^
LARGE TIME DEPOSITS 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

2200

I----------1—1—1--------------

1 i,

2200

JUL.
JUN.
MAY
MAR
DEC
SEP

9,
11,
7,
12,
11,
11*

1990
1990
1990

-2.1
-1.9
-1.9

1990
1969
1989

-1.8
-1.4
-0.8

.1 1 1 1

“
“
“
-

2140

IN I - ii

- COMPOUNDED ANNUAL RAT ES
- OF CHANGE, AVERAGE OF
- THE FOUR WEEKS ENDING
—SEPTEMBER 10. 1990 FF OM
_
THE FOUR WEEKS END INC :

TOTAL TIME DEPOSI TS

Mill 111

111

1111

111

111

1111

111

i i i

1

J-LL j.ii

27
3
10
1ii i i

1

L I...

___
SEP.
jf
_LL LI

&

6
13

I

1 1

2050

13SSAUC .

1

___ L

5

illioi

2092.1
2092.’

-

2087.1
2085.7
_
2086.9
_
l i i i I i i i‘

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 10, 1990
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
590

12SG

BILLIONS

AUG.
525.4
521.8
LARGE TIME DEPOSITS

5 17 31

H 28 II 25
AUG
SEP

0 23

6 20
NOV

4 18
DEC

I

13 29 12 28 12 26
FEB
MAR

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 10,

520.3

9 23

7 21
MAY

4 18
JUN

2 16 30 13 27 10 24
AUG
SEP

1990

1/ TOTAL TIME IS THE SUM Of SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.
2/ TIME DEPOSITS ISSUED IN DENOMINATIONS Of *100,000 OR MORE


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

PREPARED BY PEDERAL RESERVE BAM< OF ST. LOUIS

9

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
1990

BILLIONS OF DOLLARS
4.5

MILLIONS
4.0
22

1592

5

767

3.5

TOTAL BORROWINGS

3.0

2.5

2.0
1.5

1.0
0.5

0.0
LATEST DATA PLOTTED WEEK ENDINGt SEPTEMBER 19,

1990
BILLIONS OF DOLLARS
------1------------- 1---------- 2.5

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

1990
AUG.

ADJUSTMENT ♦ SEASONAL
BORROWINGS

SEP.

S 10

JUL

2

16 30 13 27

AUG

II

SEP
OCT
1989

25

0 22

NOV

0 20

DEC

3 17 31

JAN

14 28 14 28 II

FEB

LATEST DATA PLOTTED WEEK ENDINGt SEPTEMBER 19,


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

MAR

APR

25

0 23

MAY
1990

MILLIONS
15
22
29
5
12
19

8 20

4 18

JUN

JUL

563
1586
500
762
427
974

1

15 20 12 26

AUG

SEP

1990

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
BILLIONS OF DOLLARS
! 60 p---------1------------- 1-----AUG.

8

NOT SEASONALLY ADJUSTED

ILL IONS OF OOLLARS
—i------------- -------- zi 160

147,238
I——i!
144,167

5 19

2 16 30 13 27 11

25

SEP
OCT
1989

8 22

NOV

6

3 17 31

DEC

JAN

14 28 14 28 II

FEB

MAR

25

APR

9 23

MAY
1990

6 20

4 18

I

JUN

JUL

AUG

15 29 12 26

SEP

LATEST DATA PLOTTED WEEK ENDING* SEPTEMBER 12, 1990

BUSINESS LOANS

u

( COMMERCIAL AND INDUSTRIAL )
WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

Dl

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
SEPTEMBER 5. 1990 FROM
THE FOUR WEEKS ENDING; _
JUL.
JUN.
MAY
APR.
MAR.
DEC.
SEP.

4,
6,
2,
4,
7,
6,
6,

332

1990
1990
1990
1990
1990
-------0.4

MILLIONS
AUG.

I

322,877
-

SEP.
5 19

2

16 30 13 27 11 25

SEP

OCT

8 22

6 20

3 17 31

14 28 14 28

FEB

MAR

II

25

9 23

APR

5

322,801

1.1 1 I 111 I
6 20

4

16

JUN

11111.1

JUL

I

15 29 12 26

LATEST DATA PLOTTED WEEK ENDING* SEPTEMBER 5, 1990
1/ BUSINESS LOANS INCLUDE BANKERS* ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 61.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

316

DOLLAR'S TRADE-WEIGHTED EXCHANGE
AVERAGES OF DAILY FIGURES

INDEX
1973-100
106

86.0

85.4
85.6

Mil
5

19

2

16 SO

II I I
13 27

SEP

II

OCT

25

8 22

6 20

3 17 31

14 28 14

FEB

MAR

APR

JUN

JUL

LATEST DATA PLOTTED WEEK ENDING* SEPTEMBER 19, 1990
NOTE:

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.

IBRARY


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS