Full text of U.S. Financial Data : September 24, 1987

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RESEARCH LIBRARY
"Federal Reserve Bank--------------------------------------------

U.^Financial Data
SEP 2 8 1987 September 24, 1987

THE WEEK'S HIGHLIGHTS:
ts

The yield on corporate Aaa bonds has risen from 8.36 percent last
March to 10.26 percent for the week ending September 25, the
highest yield since November 1985.

^

Housing starts fell 1.5 percent in August to a seasonally adjusted
annual rate of 1,582,000 units. Through the first eight months of
1987, actual housing starts totaled 1,126,600, compared with
1,268,000 units in the first eight months of 1986.

^

New factory orders for durable goods fell 3.1 percent in August,
mainly because of a decline in the aircraft and parts industry. The
August level of orders, however, was up 9.8 percent from a year
earlier.

is

Personal income in August advanced at a 5.8 percent rate and was
up 5.5 percent from a year earlier.

is

Consumer prices rose at a 5.8 percent rate in August, in part, because
of a surge in energy prices. Since August 1986, consumer prices
have increased 4.3 percent.

FKDKRAI
KKSKKW
llVNKol
ST.KHIN

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

l&ai
JUL.

15

B-1UJQNS.
264.4
270

AUG.

266

258

Ill 1.1
15 27 10 24

AUG

8 22

5 19

5 17 31

SEP

14 28 11

JAN

25 11

FEB

23

8 22

MAR

8 20

3 17

MAY

JUN

29 12 26

0 23

7 21

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDINGt SEPTEMBER 23, 1987
& reserve accounts of financial institutions at federal
RESERVE BAhKS. CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AM) IN THE VAULTS OF ALI
DEPOSITORY INSTITUTIONS) AM) AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO CHANGES.
THE MAJOR
SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT. DATA APE COMPUTED BY THIS
BAM<.
A OETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE FROWTHIS BANK
RECENT DATA ARE PRELIMINARY,
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF TWO MAINTENANCE PERIODS ENDINGt
9/24/88

12/17/88

2/25/87

3/25/87

A/22/87

5/20/87

8/17/87

7/29/87

9.0
8.3
8.7
7.5
6.4
6.8
7.2

5.9
7.4
5.9
4.7
5.5
6.2

8.0
5.8
4.4
5.3
6.2

5.9
4.0
5.3
6.3

1.6
3.9
5.4

4.8
6.5

10.3

TO THE AVERAGE OF
TWO MAINTENANCE
PERIODS ENDING*
2/25/87
3/25/87
4/22/87
5/20/87
8/17/87
7/29/87
8/28/87
9/23/87

10.3
9.6
9. 1
9.2
8.4
7.5
7.6
7.9


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
780 ---------- 1------------- ,------

AUG.

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

10
750.7
753.0
750.9
750.3

13 27

AUG

SEP

OCT
1986

10 24

NOV

8 22

DEC

5 18

2 16

JAN

FEB

2 16 30 13 27 II 25

MAR

APR

MAY

6 22

JUN
1987

6 20

JUL

3 17 31

AUG

14 28 12 26

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 14, 1987
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
ftlpolJsEANDUTSveUR|NS*^D eY THE

PUBLIC' DE“"» DEP0SITS- 0T»™ ^CKABLE

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
9/15/86

12/15/86

2/16/87

3/16/87

4/13/87

16.0
14.6
13.0
14.4
11.8
9.9
9.4
8.6

10.4
8.5
1 1 .5
8.3
6. 1
6.0
5.4

5.0
11.4
6.5
3.8
4. 1
3.5

13.5
6.2
3.0
3.5
3.0

7.8
3. 1
3.7
3.0

5/11/87

6/15/87

7/13/87

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
2/16/87
3/16/87
4/13/87
5/11/87
6/15/87
7/13/87
8/17/87
9/14/87


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

-5.5
-1.8
-1.4

-0.2
-0.2

2.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
2.034
2.825
2.032

Ml MULTIPLIER

2.024
2.794

II

23

8 22

6 20

3 17

OCT

NOV

I

18 20 12 20

JAN

0 23

0

FEB

0 20

4 18

APR

MAY

I

18 20 13 27

10 24

7 21

8 10

SEP

OCT

LATEST DATA PLOTTED TWO WEEKS ENDING, SEPTEMBER 7, 1907
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
198 ---------- 1------------- r—
COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE. FOUR teKS ENDING
SEPTEMBER 14. 1987 FROM
THE FOUR WEEKS ENDING*
JUL.
JUN.
MAY
APR.
MAR.
DEC.
SEP.

13,
15,
II,
13,
16,
15,
15,

1987
1987
1987
1987
1987
1986
1986

7.1
6.7
6.7
7.4
6.6
7.9
8.0

CURRENCY

1981
AUG.

BILLIONS.

10

193.9
194.0
.1-1 1 1 1 1.1
4 18

I

AUG

SEP

IS 20 13 27 10 24

OCT
1986

NOV

8 22

DEC

5 10

2 18

JAN

FEB

2

16 30 13 27

MAR

APR

II

28

8 22

MAY
JUN
1987

8 20

JUL

3 17 31

AUG

14 28 12 28

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING* SEPTEMBER 14, 1987
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 BAhK OF ST. LOUIS

TOTAL CHECKABLE DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
575 ----------1------------1-----

550.6
552.4
550.5
545.6

— SEP.

4

18

I

ILL IONS OF DOLLARS
----- -------------------- 575

IS 20 19 27 10 24

OCT
1986

NOV

8 22

DEC

3 10

2 18

JAN

FEB

2 18 90 19 27 II

MAR

APR

MAY

8 22

JUN
1987

8 20

JUL

9

17 91

AUG

14 28 12 26

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING*. SEPTEMBER 14. 1987
DEPraiTOR^msflTUTmNS® 13 THE su“ 0F DEMAND DEP0SITS "*> 0TteR checkable deposits at all

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING*.

9/15/86

12/15/88

2/18/87

3/16/87

4/13/87

18.4
16.6
14.6
16.5
13.0
10.5
9.9
8.9

10. 1
8.3
12.4
8. 1
5.4
5.3
4.4

4.8
13. 1
6.4
2.9
3.2
2.4

16.2
6.2
1 .9
2.5
1.7

7.9
1.7
2.5
1 .5

5/11/87

6/15/87

7/13/87

TO THE AVERAGE
OF FOUR WEEKS
ENDING*.
2/18/87
3/18/87
4/13/87
5/11/87
6/15/87
7/13/87
8/17/87
9/14/87


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

-9.4
-4.6
-4.2

-2.6
-2.6

1.3

PREPARED BY FEDERAL RESERVE BAFK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES

PERCENT
1 1 .0

CORPORATE
Aaa bonds

___ f

ME BANK

1

IS 20 12 26 10 24

7 21
NOV

5 10
DEC

2 16 SO IS 27 IS 27 10 24
FEB
MAR
APR

8 22

5 10

S 17 SI

14 28 II
AUG
SEP

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGi SEPTEMBER 25.

1987
AUG.

7
14
21
28
SEP.
4
1 1
18
25 ft
OCT,
2
9
16
25
30

0 23

1987.

90 DAY
CD'S

50-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

CORPORATE
AAA BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS K*

6.78
6.70
6.72
6.77
7.00
7.38
7.41
7.41

6.63
6.59
6.60
6.64
6.87
7.29
7.35
7.34

6.65
6.58
6.61
6.69
6.96
7.29
7.35
7.34

9.65
9.63
9.68
9.70
9.87
10. 15
10.28
10.26

10.84
10.76
10.77
10.82
1 1 .00
11.23
11.40
1 1 .42

7.86
7.79
7.81
7.80
8.05
8.38
8.32
N.A.

NOTE,
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE.
* 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 BANK OF ST. LOUIS

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES

PERCENT

TREASURY

■CUR IT IES

DISCOUNT RATE

I I5 29 12 W IO 24

7 2!
NOV

9 IQ
DEC

2 I 0 90 19 27 I3 27 10 24
FEB
MAR
APR

9 22

9 IQ

9 17 31

14
AUG

11 29
SEP

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: SEPTEMBER 25,

1987
AUG.

7
M
2!
28
SEP.
4
1 1
18
25 X
OCT.
2
9
16
23
30

NOTE:

Q 23

1087.

FEDERAL
FUNDS MX

3-MONTH
TREASURY
BILL

8-MONTH
TREASURY
BILL XXX

I-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

6.75
6.58
6.74
6. 76
6.85
6.95
7.21
7.26

5.87
5.94
6.05
6.24
6.21
6.39
6.36
6.49

6. 15
6.14
6.12
6.16
6.34
6.72
6.64
N. A.

6.49
6.47
6.53
6.65
6.89
7.16
7. 10
7.11

8.30
8.24
8.30
8.41
8.69
8.96
8.94
8.93

9.05
8.95
8.99
9. 11
9.43
9.72
9.69
9.66

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H, 15 RELEASE EXCLUDING LONG-TERM TREASURY
tbeasu,,y bill yields are on a discount basis.

* averaIes^of rItesh*vailable0MPUTED by ™is bam<‘


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

EI"INe ™°DAYS EARL,ER THAN DATE <H"N

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

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

ILL IONS OF DOLLARS
410

1

BILLIONS OF DOLLARS
410

1 11

M i l l ■1.1

11 1

1

1ML BJLLMm
- AUG. 10 365.
17 365.
~
24 365.!
= sep. n S:l
14 366.

2
380

l

SMALL TIME DEPOS1 TS

-

TTTT TTTT

2
2

!||| J-LLL JLL -LI 1 JJLLL
11 u 111 1111 -U_l_ -LL1. ■LI 1 1 -LLL 1 1 II
LATEST DATA PLOTTED WEEK ENDING* SEPTEMBER 14, 1987
3ILL IONS OF DOLLARS

BILLIONS OF DOLLARS
320

—
1951 fiJJJUi
- AUG. 10 314.
17 313.3
24 314.!
' ___ 31
313.
“ SEP. 7 314.!
“
14 315.1

-

✓

yv. AA T----2
JTTTT

1111

LARGE TIME DEPOS TS

1111

j

=

f

j
✓

1 1 1 _LLL

/
/

-

s

2
2

N-----

5m

MM

AUG

SEP

290

1 1 1

111

i M i

1 1 1

5 19

1 1 1

2 18

1111 .11 1 -LLL ii 11
2 10 30 13 27 II

29

0 22

OCT NOV
DEC
JAN FEBMAR
APR MAY
JUN
1986
1987
LATEST DATA PLOTTED WEEK ENDING* SEPTEMBER 14, 1987
1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 9100,000
2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF9100,000 OR MORE


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Federal Reserve Bank of St. Louis

111

0

20

JUL

.1111 -LLL
3 17 31

AUG

SXil

14 29 12 29

SEP

OCT

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

COMMERCIAL BANK
TOTAL TIME DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILLIONS
_

4

AUG.

18

1

10

19 29 13 27

OCT

10 24

NOV

6 22

5 10

2 16

JAN

FEB

2 16 30 IS 27

APR

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 14,

11

25

8 22

6 20

3 17 31

MAY

M 26 12 26

SEP

OCT

1987

TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.

TOTAL TIME DEPOSI TS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
9/15/88

12/15/86

2/16/87

3/16/87

4/13/87

5/11/87

6/15/87

7/13/87

8. 1
9.3
9.7
9.6
8.7
8.0

10.7
10.7
10.3
9.0
8.2

11.2
10.5
8.9
8.0

10.0
8.1
7.1

6.7
5.8

4.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
2/18/87
3/18/87
4/13/87
5/11/87
6/15/87
7/13/87
8/17/87
9/14/87

4.7
5.0
5.6
6.3
6.9
7. 1
6.8
6.6


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

9. 1
9.2
9.7
9.9
9.8
9.0
8.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
3.0 ---------- 1---------- 1--------

1881

BILLIONS OF DOLLARS
------------------------------- 3*°

MILLIONS,

0

748

16

1026

23

876

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDINGt SEPTEMBER 23. 1887
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

AUG.

18

ADJUSTMENT + SEASONAL
BORROWINGS

e 20

3 17

I

IS 20 12 28 10 24

OCT
1886

NOV

DEC

7 21

4 18

4 18

I

JAN

FEB

MAR

APR

IB 28 18 27 10 24

MAY

JUN
1887

8 22

JUL

S 18

AUG

2 18 80 14 28

SEP

OCT

LATEST DATA PLOTTED WEEK ENDINGt SEPTEMBER 23. 1887


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

COMMERCIAL PAPER OF NONFINANCIAL COMPANIES
BILLIONS OF DOLLARS
100 ---------- 1---------- ,---------

1987

NOT SEASONALLY ADJUSTED

ILL IONS OF DOLLARS
—|------------- ----------- 100

MILLIONS

- AUG. 12

79,255

78,034
79.945

6 20

3 17

1

AUG

SEP

OCT
NOV
1986

15 20 12 20 10 24

DEC

7 21

4 10

4 18

1

JAN

FEB

MAR

APR

15

2

MAY

18 30 14 28

JUN

LATEST DATA PLOTTED WEEK ENDING* SEPTEMBER 16, 1987

BUSINESS

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

BILLIONS OF DOLLARS
290 ---------- ,---------- i--------

B
ILL IONS OF DOLLARS
—1------------- ----------- 290

_ COMPOUNDED ANNUAL RATES
_ OF CHANGE. AVERAGE OF

-_ the
four *EEKS ending
SEPTEMBER 9, 1987 FROM

“THE FOUR WEfeKS ENDING: '
-

JUL.
JUN.
MAY
APR.
MAR.
DEC.
SEP.

8,
10,
6,
8,
II,
10,
10,

1987
1987
1987
1987
1987
1986
1986

-8.3
-10.4
“ *
-7.2
3.8

AUG.

5
270.761

SEP.

8 20

3 17

AUG

SEP

I

15 29 12 26 10 24

JAN

4 18

4 18

FEB

MAR

I

15 20 13 27

MAY

10 24

2

JJ-ll I I
8 22

5 10

270,617
270,015

-LL.J
1 I I I
2 18 30 14

28

JUN

LATEST DATA PLOTTED WEEK ENDING; SEPTEMBER 9, 1987
1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AM) COMMERCIAL PAPER.

2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 81.4 BILLION


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BAM< OF ST. LOUIS

11