Full text of U.S. Financial Data : September 28, 1989
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RES'"* •H Fecic’ LIBRARY Y •oserve Bant °j|i 1SU.,S Fihancial Data OCT 0 2 T989 SePtember 28,1989 THE WEEK'S HIGHLIGHTS: s The trade-weighted exchange rate declined 2.9 percent in the past two weeks (see p. 12). The daily rate fell 5 percent from September 15 to September 27, with most of the decline occurring since the G-7 meeting last weekend. is Personal income rose at a 5.4 percent annual rate in August, about the same as its growth rate since April, but much slower than its 10.9 percent rate during the eight months ending in April. v0 New factory orders for durable goods rose 3.8 percent in August, but remained lower than in April. Nondefense capital goods orders fell 9.8 percent in August. The federal budget deficit for the first 11 months of fiscal year 1989, which ends this week, was $145.9 billion, down sharply from $165.3 billion during the same period last year. The decline reflected a 10 percent rise in receipts and a 6.3 percent rise in expenditures. TIIE lUHKU. ARESERVE XlLWkot «r st.uh IS 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 LLIONS OF DOLLARS ILL IONS OF DOLLARS ------ ---------------------- 296 BILLIONS 289.6 289.5 289.8 293.5 7 21 5 10 SEP OCT 1988 10 24 2 18 SO 14 21 II DEC JAN 25 • 22 8 22 8 10 FEB S IT SI 14 28 12 20 JUN 1989 LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING; SEPTEMBER 20. 0 23 JUL 0 20 4 SEP OCT IB 1989 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) AM) 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 TWO MAINTENANCE PER 1ODS ENDING: 9/21/88 12/14/88 2/22/89 3/22/89 4/19/89 5/17/89 6/14/89 7/26/89 1 .8 3.8 2.5 2.9 2.3 2.6 2.5 1.2 2. 1 1.6 2.0 3.2 3.5 2.5 2.9 1.8 1.0 1.8 2.0 2.7 1.8 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDING; 4.3 4.7 3.7 4. 1 3.6 3.6 3.2 3.3 2/22/89 3/22/89 4/19/89 5/17/89 6/14/89 7/26/89 8/23/89 9/20/89 4.6 3.0 3.9 3.0 3.2 2.7 2.9 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS '' • SL *•;' / - V ’* ^ • ‘ * http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 9 19 NOV 2 16 30 IS 27 13 27 DEC FEB MAR 10 24 8 22 BILLIONS OF DOLLARS 9 19 3 17 31 APR 14 28 11 AUG 29 9 23 SEP LATEST DATA PLOTTED WEEK ENDING*. SEPTEMBER 18, 1089 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.8 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, 0/19/88 12/10/88 2/20/80 AVERAGE OF FOUR WEEKS ENDING: 3/20/80 4/17/80 -7.4 -8.0 -4.7 -3.2 -2.3 -8.0 -3.7 -2.1 -1.2 5/15/80 6/10/80 7/17/80 4.3 3.8 2.5 TO THE AVERAGE OF FOUR WEEKS ENDING: 2/20/80 3/20/89 4/17/80 5/15/80 6/19/80 7/17/80 8/21/80 0/18/80 1.2 l .3 0.0 -0.8 -1.9 -I.I -0.7 -0.5 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -1.2 -2.8 -3.6 -4.6 -3.2 -2.4 -1 .9 -3.2 -4.4 -5.8 -3.5 -2.4 -1.7 -2.3 -0.7 0.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY MULTIPLIER^ CURRENCY COMPONENT OF MONEY STOCK*/ RATIO 3.0 AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED 3.0 --------- 1------- 1--------- 1------1989 JUL. AUG. 2.9 SEP 10 24 7 21 4 18 RATIO 2.686 2.659 2.685 2.663 2.678 2.664 ___ 2.9 Ml Ml LTIPL IER 2.8 2.8 V 2.7 2.6 0 2.6 'mi 8 22 AUG 1 1 1 1111 5 19 9 17 91 SEP OCT 1988 J XLL -LLL 11,1,1 NOV JAN M 26 12 26 9 29 DEC ■LI 1 111 in 1111 0 20 0 20 9 17 I FEB MAR APR MAY LATEST DATA PLOTTED TWO WEEKS ENDING: SEPTEMBER 18, 15 1111 111 29 12 20 10 24 iii 7 21 4 AUG SEP JUN 1989 JUL 111 18 1111 2 16 90 1989 BILL IONS OF DOLLARS 224 -------------1---------- 1------------- 1---------- BILLIONS OF DOLLARS 224 - COMPOUNDED ANNUAL RAT ES OF CHANGE. AVERAGE OF THE FOUR WEEKS ENDING “ SEPTEMBER 18. 1989 FR OM ___THE FOUR WEEKS ENDING 220 _ 216 _ JUL. JUN. MAY APR. MAR. 17, 19, 15, 17, 20, 1989 1989 1989 1989 1989 3.0 3.5 3.8 3.4 3.5 SEP 19| 1988 s! 2 212 208 0 CURRE NCY y > V _ “ \/ ISJsa _ a ILLIOI AUG. 14 217.7 SEP. 28 4 11 18 219.0 218.4 218.8 219.5 _ ‘mi XLL 1 1 1 1 XLL XLL -LUX XLL ILL XLL XLLL 111 i i i i 1 i i i 1 i i i 1 i i i i‘ 15 29 12 26 10 24 2 16 90 19 27 19 27 10 24 14 28 II 25 AUG SEP OCT 1988 NOV DEC JAN FEB MAR APR MAY JUN 1989 AUG SEP OCT LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 18, 1989 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 0 OCT PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS TOTAL CHECKABLE DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 585 ------------- 1---------- 1------ AUG. 14 ILL IONS OF DOLLARS —|---------- ------------- 585 550.0 554.2 551.2 554. I 1 IS 20 12 26 10 24 7 21 5 10 NOV DEC 2 16 SO IS 27 FEB IS 27 MAR LATEST DATA PLOTTED WEEK ENDING-. SEPTEMBER 18, 10 24 8 22 S 10 S 17 SI APR 14 26 II AUG 25 0 23 SEP 1989 DEPOSITORY^^NSTITUT?ONS^ 'S ^ SUM ** DEMAN° DEP0SITS AND OTHER CHECKABLE DEPOSITS AT ALL TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE 9/19/88 12/19/88 2/20/89 AVERAGE OF FOUR WEEKS ENDING: 3/20/89 4/17/89 -1 1.0 -12.1 -7.7 -5.4 -4.4 - 12. 1 -6.3 -3.9 -2.9 5/15/89 8/19/89 7/17/89 5.1 4.0 2.2 TO THE AVERAGE OF FOUR WEEKS ENDING: 2/20/89 3/20/89 4/17/89 5/15/89 6/19/89 7/17/89 8/21/89 9/18/89 -0.8 -0.7 -2.3 -3.2 -4.7 -3.5 -2.9 -2.6 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -4. 1 -6.0 -6.8 -8.2 -6.2 -5.0 -4.3 -6.3 -7.5 -9.4 -6.3 -4.7 -3.8 -4.7 -2.1 -1.3 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT 12.0 PRIME BANK LOAN RATE 90 DAY CORPORATE AAA BONDS I I I I 3 18 2 16 30 M 28 II OCT 1988 NOV 23 9 23 0 20 3 IT JAN FEB 3 17 31 14 28 12 26 APR 9 23 MAY 7 21 4 18 JUL AUG I IS 29 13 27 1989 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING; SEPTEMBER 29, 1989 AUG. SEP. 4 1 I 18 25 1 8 15 22 OCT. 29 X 6 13 20 27 1989. 90 DAY CD'S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS' ACCEPTANCES CORPORATE AAA BONDS CORPORATE BAA BONDS MUNICIPAL BONDS ** 8.35 8.56 8.76 8.76 8.79 8.78 8.71 8.74 8.86 8.57 8.77 8.87 8.85 8.88 8.87 8.83 8.84 8.90 8.15 8.41 8.57 8.58 8.57 8.57 8.53 8.55 8.68 8.81 8.92 8.99 9.02 9.05 9.02 8.98 8.98 9.04 9.77 9.82 9.90 9.92 9.96 9.94 9.88 9.88 9.94 6.86 7.02 7.09 7.15 7.16 7.15 7.16 7.33 N. A. J ' j NOTE; CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE. « AVERAGES OF RATES AVAILABLE mK 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 11.0 5-YEAR TREASURY SECURITIES TREAiuRY1!? I LI- DISCOUNT RATE 6.0 5 19 2 16 30 14 20 11 25 OCT NOV 9 23 6 20 3 17 JAN FEB 3 17 31 14 28 12 26 APR 9 23 7 21 4 18 1 15 29 13 27 MAY LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: SEPTEMBER 29, 1989 AUG. SEP. OCT. 4 1 1 18 25 1 0 15 22 29 X 6 13 20 27 FEDERAL FUNDS 801 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL XXX l-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES 8.95 8.98 9.04 9.01 8.96 8.96 8.96 9.05 9.02 7.71 7.92 7.95 7.98 7.90 7.82 7.60 7.73 7.80 7.35 7.70 7.83 7.85 7.88 7.87 7.64 7.64 7.79 7.20 7.56 7.72 7.78 7.72 7.68 7.51 7.61 7.74 7.64 7.99 8.20 8.26 8.26 8. 18 8.07 8. 12 8.31 1989. LONG-TERM TREASURY SECURITIES 7.97 8. 18 8.30 8.33 8.33 8.25 8.23 8.28 8.41 J N0TE‘ ccrfioTC.1 JLTJJEtI8A5D 9f GOVERNORS’ H.15 RELEASE EXCLUDING LONG-TERM TREASURY « AVERAGESUOFTRATE<TaVAILABLE°MPUT^D BY THIS BANK> TREASURY 81LL YIELDS ARE ON A DISCOUNT BASIS. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ENDING ™°DAYS EARLIER THAN DATE SH0WN PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 MONEY STOCK ( M2) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 3175 AUG. BILLIONS OF DOLLARS 3175 3133.4 3138.9 3141.8 3125 3100 3100 3075 3050 3025 I 18 20 12 26 10 24 7 21 5 10 2 16 50 13 27 13 27 NOV DEC FEB MAR LATEST DATA PLOTTED WEEK ENDING*. SEPTEMBER 18, 10 24 6 22 8 10 3 17 31 14 28 11 AUG APR 28 0 23 SEP 1989 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 TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS, MONEY MARKET DEPOSIT ACCOUNTS, SAVINGS AND SMALL TIME DEPOSITS, AND GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS. FOR MORE DETAIL, SEE THE H.fl RELEASE. MONEY STOCK (M2 ) COMPOUNDED ANNUAL RATES OF CHANGE, 9/19/88 12/19/88 2/20/89 3/20/89 AVERAGE OF FOUR WEEKS ENDING: 4/17/89 5/15/89 6/19/89 7/17/89 0.4 3.3 4.9 5.3 6.4 7.4 7.3 9.7 8.8 8.1 TO THE AVERAGE OF FOUR WEEKS ENDING: 2/20/89 3/20/89 4/17/89 5/15/89 6/19/89 7/17/89 8/21/89 9/18/89 2.7 3. 1 2.8 2.0 2.2 2.9 3.6 3.8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.3 1.2 0.3 0.9 2.1 3. 1 3.5 3.0 0.9 1.6 3.2 4.3 4.7 -1.2 0.5 2.7 4.2 4.6 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ALL DEPOSITORY INSTITUTIONS TOTAL TIME DEPOSITS^ LARGE TIME DEPOSITS 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED I _ - JUL. 17, JUN. 19, MAY 15, _ APR. 17, --- MAR - DEC 19, I SEP 19, 1989 1909 1989 1989 IQRQ 1988 1988 )EPOS TS 1.1 1.7 3.8 5.5 2110 fi S 7.4 7.7 1 I TOTAL TIME 1111 - BILLIONS OF DOLLARS 2 MO TTTT 2110 1 1 1 COMPOUNDED ANNUAL RAT ES OF CHANGE. AVERAGE OF THE FOUR llfEEKS ENDING SEPTEMBER 18, 1989 FF OM THE FOUR WEEKS ENDING * 111 - mi BILLIONS OF DOLLARS 2 MO z 1990 1111 1990 is ia 1960 AUG. SEP. Si i 11 111 1111 111 -LI 1 1- hi 111 LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 18, 111 J-LLI. JJLL Mil M 4 aILLIPIus. = 2105. 2I03.J 2100.“ 2100. 2101. 2101. - 1960 - 1 z ii 1111111Inn1 1930 1989 BILLIONS OF DOLLARS AUG. 14 21 28 4 11 18 BILLIONS OF DOLLARS 590 570.9 580 LARGE TIME DEPOSITS 565.3 564.6 564.7 564.8 570 560 530 520 1 15 29 12 26 10 24 7 21 NOV 5 19 DEC 2 16 30 13 27 FEB 13 27 MAR 10 24 8 22 APR 3 19 3 17 31 14 28 II 25 AUG SEP 0 23 LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 18, 1989 1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS. 2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100,000 OR MORE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. 9 LOUIS 10 BORROWINGS FROM FEDERAL RESERVE BANKS BILLIONS OF DOLLARS 5.5 p------------1------------1------ AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS ---------------------------- =3 5-5 TOTAL BORROWINGS LATEST DATA PLOTTED WEEK ENDINGt SEPTEMBER 27, 1989 BILLIONS OF DOLLARS ----------1------------1------------ 2.5 BILLIONS OF DOLLARS 2.5 --------------- ------------ ------- 1989 MILLIONS ADJUSTMENT + SEASONAL BORROWINGS 5 IT 91 M 28 12 26 8 23 AUG SEP OCT NOV 7 21 DEC 4 18 JAN 1 13 FEB 1 15 28 12 26 10 24 MAR APR MAY 1986 LATEST DATA PLOTTED WEEK ENDINGt SEPTEMBER 27, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7 21 JUN 3 18 JUL 2 16 30 13 27 II 23 AUG SEP OCT 1989 1989 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS COMMERCIAL PAPER OF NONFINANCIAL COMPANIES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 135 E ’989 SEP. 130 6 125 126,217 120 100 95 8 23 SEP OCT 7 2! 4 18 ! DEC JAN FES IS 1 !5 28 12 28 10 24 7 21 JUN LATEST DATA PLOTTED WEEK ENDINGi SEPTEMBER 20. 18 2 16 30 13 27 JUL SEP 11 25 OCT 1989 * DASHED LINE REPRESENTS DATA USING AN OLD REPORTING PANEL AND IS NOT COMPARABLE TO CURRENT DATA. BUSINESS LOANS u ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORT ING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS COMPOUNDED ANNUAl RATES OF CHANGE. AVERA( • OF — gtriuwtn u. i ENDING: rm THE FOUR WEEfcS " MAY 10, APR. 12, - DEC. 14, _ SEP. 14, AUG. 9 321,761 321,555 322,862 SEP. 6 324,359 320,630 J-U.i.1 1 1 1 1 1 1 I I I I I 3 17 31 14 28 12 26 SEP OCT 8 23 7 21 4 18 1 DEC JAN FEB LATEST DATA PLOTTED WEEK ENDINGi 15 I SEPTEMBER 13, 15 28 12 26 10 24 7 21 5 JUN JUL 18 2 16 30 13 27 II SEP 28 OCT 1989 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 PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS 11 DOLLAR'S TRADE-WEIGHTED EXCHANGE INDEX AVERAGES OF DAILY FIGURES 1073-100 118 i. 23 101.7 101.0 114 103.3 110 102.5 106 3 IT 51 14 28 12 26 SEP OCT 0 23 7 21 4 18 DEC JAN FEB JUN JUL SEP OCT LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 27, 1060 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. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BAM OF ST. LOUIS