Full text of U.S. Financial Data : September 26, 1985

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]/

Federal Reserve Bank

~SS=P nancial Data
SEP 3 0 1985

September 26, 1985

The portion of the adjusted monetary base that reflects the
effects of changes in reserve requirements is called the reserve
adjustment magnitude (RAM). The data used to calculate RAM
are available with a lag of a few weeks; therefore, the values of
RAM for the most recent weeks must be estimated. The estimate
of RAM in the most recent weeks is generally the value of RAM
for the last maintenance period for which the necessary data are
available. For a period when reserve requirements change, RAM
is estimated by adjusting the most current value of RAM with an
estimate of the dollar amount of reserves released or absorbed by
the change in reserve requirements.
Reserve requirements for nonmember depository institutions
were increased in the two-week maintenance period ending
September 25. This is one of the phased changes in reserves
requirements specified in the Monetary Control Act of 1980.
Required reserves are estimated to rise by $1 billion in the
maintenance period ending September 25. The estimate of RAM
for the maintenance period ending September 25 is the value of
RAM calculated for the maintenance period ending September 11
minus $1 billion, reflecting the estimate of reserves absorbed by
the increase in reserve requirements. Data in this release
incorporate .the estimate of RAM in the adjusted monetary base
for the weeks ending September 18 and 25 (page 2). Actual data
on bank deposits and required reserves will be available in early
October to replace the estimate of RAM for the maintenance
period ending September 25.
—R. Alton Gilbert
II IK

himrvi

A KKSKRU
Jvl HANK of

arsr.itn is


views
expressed do not necessarily reflect official positions of the Federal Reserve System.
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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
236

BILLIONS
_

AUG

— SEP

234

227.2

232

232.3
232.0

230
228
226
224
222
220
218
216
214
212

1

13 29 12 26 10 24

19

7 21

NOV

DEC

FEB

MAR

3 17 St

M 28 II

AUG

APR

1984

25

0 23

SEP

1985

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 25, 1985
THE ADJUSTED MONETARY BASE IS THE SUM OF RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL
RESERVE BANKS. CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF ALL
DEPOSITORY INSTITUTIONS ) AND 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 AVAILABLE FROM THIS BANK.
RECENT DATA ARE PRELIMINARY.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE

AVERAGE OF FOUR WEEKS ENDING:

9/26/84

12/26/84

2/27/85

3/27/85

4/24/85

5/22/85

6/26/85

7/24/85

5.0
6.5
6.4
5.9
7.8
7.4
7.0
7.8

9.7
8.7
7.5
10.0
9. 1
8.3
9.3

10.2
7.5
1 1.4
9.9
8.6
9.8

3.9
10.3
8.6
7.5
9.0

12.5
9.7
8.0
9.7

13.1
9.6
11.4

3.6
7.8

9.7

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
2/27/85
3/27/85
4/24/85
5/22/85
6/26/85
7/24/85
8/28/85
9/25/85


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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

ISSS.
AUG.

12

e 20

3 17

AUG

SEP

BILLIONS

of dollars

B-I-LL1QN§
603.1
605.8
608.3
609.6
613.7
610.4

15 20 12 20 10 24

7 21

4 IS

4 18

JAN

FEB

MAR

1

15 20 13 27 10 24

MAY

8 22

5 10

2

18 30 14 28

JUN

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 16, 1985
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* 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

AVERAGE OF FOUR WEEKS ENDING:

9/17/84

12/17/84

2/18/85

3/18/85

4/15/85

5/13/85

6/17/85

7/15/85

6.7
7.7
7.3
7.3
9. 1
9.6
10. 1
10.8

12.3
10.6
9.9
12.1
12.5
12.7
13.5

9. 1
8.4
12. 1
12.6
13.0
13.9

6.1
1 1.8
12.5
13.0
14.0

14.9
14.9
14.8
15.7

18.6
17.1
17.8

14.7
16.3

16.9

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
2/18/85
3/18/85
4/15/85
5/13/85
6/17/85
7/15/85
8/19/85
9/16/85


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

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

RATIO
2.8

RATIO
2.8

--------- 1--------- —1--------RAT ift

1985
AUG.
SEP.
2.7

—

1
If
Ml Ml LTIPL IER

p
/

A

A

s!lll

7

V"

^

111

llll _.LLL

11 i.i

py

111

^

/

J rJ

V

■ 11 -LLL -LLLL -LLL 1 1 1

V

111

1111

1111

111

s

LATEST DATA PLOTTED WEEK ENDINGt SEPTEMBER 16, 1985
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

170

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
SEPTEMBER 16. 1985 FROM
THE FOUR WEEfcS ENDING:
JUL.
JUN.
MAY
APR.
MAR.
DEC.
SEP.

15,
17,
13,
15,
18,
17,
17,

1985
1985
1985
1985
1985
1984
1984

168

9.8
9.3
10.1
9.3
8.2
7.9
7.1

166

CURRENCY
162

13S5.
AUG.

BILL ISMS.

12

167.2
167.6
167.5
167.7

11111111111111
8 20

AUG

9 17

1

15 20 12

SEP

10 24

7 21

4 18

4 18

JAN

FEB

MAR

I

15 20 13 27 10 24

MAY

8 22

5

19

2

16 30 14 28

JUN

1984
LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 16. 1985
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

TOTAL CHECKABLE DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

Z

AUG.

BILLIONS OF DOLLARS
450

PILLIONS

445

430.5
432.7
434.8
436. 1
440. 1

440
435
430
425
420
415

AUG

SEP

JAN

FEB

MAY

MAR

JUN

1984
LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 16, 1985
TOTAL CHECKABLE DEPOSITS IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL
DEPOSITORY INSTITUTIONS.

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING:
9/17/84

12/17/84

2/18/85

3/18/85

4/15/85

5/13/85

6/17/85

7/15/85

7.3
8.4
8. 1
8.0
10. 1
10.8
1 1.3
12.3

14.6
12.4
1 1.4
14.0
14.5
14.7
15.7

10.3
9.3
13.9
14.5
14.8
16.1

6.4
13.5
14.4
14.7
16.2

17. 1
17.2
16.8
18.2

22.0
19.7
20.8

16.5
19.0

19.7

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
2/18/85
3/18/85
4/15/85
5/13/85
6/17/85
7/15/85
8/19/85
9/16/85


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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

PERCENT
14.0 i—

PERCENT

CORPORATE
Aaa BONOS

IN ICI PAL
BONDS

90 DAY

AUG

SEP

OCT
1984

NOV

DEC

4 18
JAN

I IS
FEB

I IS 29 12 28 10 24 7 21
MAR
APR
MAY
JUN
1985

5 18
JUL

2 16 30 13 27 11 25
AUG
SEP
OCT

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: SEPTEMBER 27,

1985
AUG.

SEP.

OCT.

2
9
16
23
30
6
13
20
27 X
4
11
18
25

90 DAY
CD'S

30-DAY
COMMERCIAL
PAPER

90-DAY
BANKERS'
ACCEPTANCES

7.83
7.83
7.82
7.78
7.79
7.87
8.00
7.99
7.84

7.75
7.75
7.74
7.67
7.71
7.74
7.91
7.90
7.75

7.74
7.73
7.70
7.66
7.68
7.80
7.92
7.90
7.67

CORPORATE
Aaa BONDS
11.21
11.20
11.08
10.95
10.90
10.94
11.13
11.11
11.07

CORPORATE
Baa BONDS
12.58
12.59
12.54
12.44
12.40
12.41
12.52
12.51
12.50

1985.

MUNICIPAL
BONDS *X
9.01
9.02
9.12
9. 18
9.09
9.07
9.26
9.35
N. A.

NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE.
M AVERAGES OF RATES AVAILABLE
** 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
— 14.0

TREASURY~SECURITIES

RATE

3 17 31

14 28 12 28

SEP

9 23

OCT
1984

7 21

4 18

1

DEC

JAN

FEB

15

I

15 29 12 26 10 24

7 21

5 19

JUN

JUL

2

16 30 13 27 11

SEP

25

OCT

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: SEPTEMBER 27, 1985.

1985
AUG.

2
9
16
23
30
SEP.
6
13
20
27 *
OCT.
4
11
18
25

FEDERAL
FUNDS K*

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL X8I6K

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

7.64
7.92
7.88
8.06
7.78
7.88
7.80
7.85
7.96

7.28
7.21
7.13
7.07
7.07
7.14
7.23
7.12
6.87

7.40
7.52
7.36
7.28
7.21
7.30
7.39
7.32
7.05

7.57
7.58
7.49
7.39
7.42
7.49
7.62
7.55
7.34

10.01
9.98
9.84
9.67
9.66
9.76
9.95
9.85
9.72

10.90
10.85
10.76
10.59
10.57
10.68
10.87
10.80
10.75

NOTE: CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE EXCLUDING LONG-TERM TREASURY
* AVERAGES^OFTRATES^AVAILABLE°MPUTE° BY TH'S BANK* TREASURY BILL YIELDS ARE ON A DISCOUNT BAS IS.
WWt^UC^riON^AVERAGi'fDISCOUNT*) ENDINS ™ DAYS EARLIER THAN #ATE SH0WN


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BAM< OF ST. LOUIS

7

8
COMMERCIAL BANK
SMALL TIME DEPOSITS^
LARGE TIME DEPOSITS 2/
BILLIONS OF DOLLARS
410 ----------1---------- ------------- 1---------I
-

1985
AUG.

BILLIONS OF DOLLARS

410

BILLIONS

12
19
26
2
9
16

-----SE P.

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

384.2
384.1
383.9
383.3
382.7
383.

-

-

SMALL TIME DEPO SITS

-

-

-

370

Ill" -

iu.

1 1 1

1111

1 1 1

1111

in-

1111

1 I..L 1 1 1

111

1 1.L 1 1 1 1

1 1 1

1 1 1 1

LATEST DATA PLOTTED WEEK ENDING* SEPTEMBER 16, 1985
BILLIONS OF DOLLARS
------ ------------------------- 280

BILLIONS OF DOLLARS
280 ---------- 1---------- 1--------

1985
AUG.

BILLIONS.

12

266.6
267.2
269.4
269.3
270.6

LARGE TIME DEPOSITS

i ii 11111
6 20

3 17

AUG

SEP

1

15 29 12 28 10 24

7 21

4 18

4 18

JAN

FEB

MAR

LATEST DATA PLOTTED WEEK ENDING-. SEPTEMBER 16,

I

15 28 13 27

MAY

10 24

8 22

5 19

2 18 30 14 28

JUN

1985

1/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000
2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100,000 OR MORE


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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
790 ---------- 1---------- .--------

BILLIONS OF DOLLARS

----- ------------ ---------- 790

BILLIONS
775. 1
775.5
777.5
776.8
777.8
780.9

1111111
l I I I
6 20

3 17

1

15 29 12 26 10 24

7
21
JAN

4 18
FEB

4 18
MAR

1111111

Mill
1

15

13 27 10 24

8 22

J-LLL
5 10

I I LL
2

16 30 14 28

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 16, 19B5
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:
9/17/84

12/17/84

2/18/85

3/18/85

4/15/85

5/13/85

6/17/85

7/15/85

1.1
1.8
3. 1
3.9
3. 1
2.5
1.7
2.0

-1.3
1.6
3.2
2.2
1.4
0.5
1 .0

8.8
9.4
5.9
4.0
2.3
2.6

11.1
5.8
3.5
1 .7
2.1

3.3
1.1
-0.4
0.5

-2.8
-3.4
-1.6

-4.1
-1.4

-0.4

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
2/18/85
3/18/85
4/15/85
5/13/85
6/17/85
7/15/85
8/19/85
9/16/85


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

BILLIONS OF
Isas
AUG.

dollars

muim

21
28
4
II
18
25

1079
1096
1692
1091
1079
1262

TOTAL BORROWINGS

LATEST DATA PLOTTED WEEK ENDING; SEPTEMBER 25,

1985

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

1865.

MILLIONS

ADJUSTMENT + SEASONAL BORROWINGS

2 16 30 13 27

NOV

DEC

FEB

13 27

MAR

10 24

APR

6 22

3 10

AUG

SEP

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 25, 1985


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MMDAS,

MMMFS AND SUPER NOWS

(BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED)

MMDAs 1/
July
August

September

MMMFs 2/

$313.3
314.3
315.7
316.8
317.8
318.6
319.5
321.3
322.0

22
29
5
12
19
26
2
9
16

Super NOWs 3/

$241.7
239.0
238.5
239.7
238.9
241.3
239.2
238.5
238.4

$57.5
57.0
58.7
59.0
58.7
58.5
59.1
61.0
60.5

1/ Money market deposit accounts at commercial banks
2/ Total money market mutual fund balances
3/ NOW accounts at all depository institutions, requiring a $1,000 minimum balance
and eligible to earn more than 5.25 percent, effective 1/5/85

BUSINESS LOANS u

( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORT ING LARGE COMMERCIAL BANKS 2/
SfcASUNALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
260 ------------- ,---------- ,-----

BILLIONS OF DOLLARS
------------------------------ 260

COMPOUNDED ANNUAL RATES
~ OF CHANGE. AVERAGE OF
THE FOUR *EEKS ENDING
- SEPTEMBER II. 1985 FROM
JUL.
JUN.
— MAY
APR.
- MAR.
DEC.
_ SEP.

10.
12.

-2.4
-1.4

10,
13,
12,
12,

AUG.

7

SEP.

4

253,129
252,820

HI 1 I 1 1 I 1 I I I I I
12 26 10 24

7 21

5 19

NOV

DEC

2 16 30 13 27 13 27

FEB

MAR

10 24

6 22

S 19

APR

1984

3 17 31

14 28 II

AUG

25

9 23

SEP

1985

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER II, 1985
1/ BUSINESS LOANS INCLUDE BANKERS* ACCEPTANCES AND 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 BANK OF ST. LOUIS

$

11