Full text of U.S. Financial Data : September 6, 1990
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Fedei jmuuerve Bank iof ®t. Louis U.S. Financial Data SEPTT1H9D September 6, 1990 THE WEEK'S HIGHLIGHTS: ts Short-term interest rates have declined since early July. The threemonth Treasury-bill rate has declined 35 basis points since the week ending July 13, while the six-month and one-year Treasury-bill rates have dropped 39 and 30 basis points, respectively. is Long-term rates have risen since early August. The yield on long term Treasury securities has increased 56 basis points since the week ending August 3. s Construction spending increased 0.4 percent in July, following a revised 0.9 percent decline in June. Spending in July was 3.1 percent above its year-ago level. V The productivity (output per hour) of nonfinancial U. S. corporations increased at a 1.7 percent annual rate in the second quarter, following a 2.2 percent rate of decline in the first quarter. THE FEDERAL A RESERVE XlSANKot nr st. uhls expressed do not necessarily reflect official positions of the Federal Reserve System. Digitized Views for FRASER 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 1990. JUN. JUL. _ 27 II AUG 12 26 0 23 BILLIONS OF DOLLARS 320 BILLIONS 309.0 307.7 310.8 309.8 313.7 313.3 316 6 20 4 SEP OCT 18 1 15 29 13 27 10 24 7 21 7 21 4 18 FEB MAR APR LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDING: SEPTEMBER 5, 2 16 30 13 27 JUN JUL 1990 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 AM) 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 TWO MA1 NTENAMCE PER 1ODS ENDING 9/6/89 11Z29/89 2/7/90 3/7/90 4/4/90 5/2/90 5/30/90 7/11/90 5.0 6.5 6.9 8.2 5.0 6.0 7.8 8.4 10.1 l 1.3 TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDING: 2/ 7/90 3/ 7/90 4/ 4/90 5/ 2/90 5/30/90 7/11/90 6/ 8/90 9/ 5/90 7.6 6.9 7.3 7.7 6.8 7. 1 7.2 7.7 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9. 1 9.3 9.5 8.0 8. 1 8. 1 8.7 6.4 7.7 5.7 6.5 6.8 7.7 10. I 6.6 7.3 7.5 8.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 807.5 809.0 813.0 815.0 817.6 815.4 15 20 12 AUG SEP NOV DEC 12 26 FEB 0 23 MAR 7 21 4 16 MAY JUN 2 16 50 15 27 AUG 10 24 SEP LATEST DATA PLOTTED WEEK ENDING: AUGUST 27, 1990 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 AM) TRAVELERS CHECKS. MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE, 8/28/89 11/27/89 AVERAGE OF FOUR WEEKS ENDING* 1/29/90 2/26/90 3/26/90 4/30/90 5/28/90 6/25/90 8.3 6.4 4.0 4.2 3.6 4.6 4.6 2.0 2.7 2.3 3.6 0.4 1.8 1.5 3.2 0.6 0.7 3.1 2.7 5.3 5.4 TO THE AVERAGE OF FOUR WEEKS ENDING: 1/29/90 2/26/90 3/26/90 4/30/90 5/28/90 6/25/90 7/30/90 8/27/90 4.4 5.3 5.4 5. 1 4.2 4.3 3.9 4.5 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6. 1 6.0 5.4 4.0 4. 1 3.7 4.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY MULTIPLIER^ CURRENCY COMPONENT OF MONEY STOCK 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 3.0 -------------1---------- 1---------- 1-----------1990 JUN. RATIO 3.0 RATIO 11 2.632 25 2.616 9 2.646 23 2.591 6 2.61 2.60 20 JUL. AUG 2.9 2.8 Ml MUL TIPLI :r V s -LLLL 111 111 10 24 7 21 4 18 JUL AUG SEP 1111 2 in 111 18 SO 13 27 II OCT 1989 NOV 1111 28 8 22 DEC JAN JXL 5 19 FEB i 11 8 19 MAR 1111 111 2 18 SO 14 28 APR MAY 1990 1111 II 23 JUN 9 23 JUL -Ml 1 -LLL 8 20 3 17 AUG SEP LATEST DATA PLOTTED TWO WEEKS ENDING: AUGUST 20, 1990 BILLIONS OF DOLLARS BILLIONS OF DOLLARS - COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF ___THE FOUR ifcEEKS ENDING AUGUST 27. 1990 FROM “ THE FOUR WEEKS ENDING: - JUN. — MAY _ APR. _ MAR. FEB. “ NOV, — AUG, 25, 28, 30, 26, 26, 28, 1990 1990 1990 1990 1990 12.5 11.9 10.7 10.4 10.4 " 1989 CURRENCY mo. JUL. BILLIONS — 23 236.5 237.1 238.3 240.0 3 17 31 14 28 II 28 AUG 9 23 SEP 8 20 4 18 NOV DEC ■LUlU l I L1..1 1.1 1 I I FEB MAR MAY JUN AUG SEP LATEST DATA PLOTTED WEEK ENDINGt AUGUST 27, 1990 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 222 TOTAL CHECKABLE DEPOSITS AVERAGES OP DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 585 ------------- 1---------- 1------ ILL IONS OF DOLLARS ------ ----------- ----------- 585 BILLIONS 563.9 568.7 570. I 571.4 567.6 J IT II JUL M 29 II AUG 25 9 25 SEP OCT 1989 6 20 4 NOV DEC 18 1 15 29 12 26 JAN FEB 12 26 MAR 0 25 APR 4 MAY 1990 18 JUN 2 16 50 15 27 JUL AUG 10 24 SEP LATEST DATA PLOTTED WEEK ENDlNGt AUGUST 27, 1990 DEPOSITORY^mS?ITUT?ONSS IS THE SUM DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL TOTAL CHECKABLE DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, 8/28/89 11/27/89 1/29/90 2/28/90 AVERAGE OF FOUR WEEKS ENDlNGt 3/26/90 4/30/90 5/28/90 6/25/90 TO THE AVERAGE OF FOUR WEEKS ENDlNGt 1/29/90 2/20/90 3/26/90 4/30/90 5/28/90 6/25/90 7/30/90 8/27/90 3.4 4.4 4.4 4.0 2.7 2.7 2. 1 2.7 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3.9 4.0 3.4 1.6 1.7 1.1 1 .9 7.3 4.8 1 .8 1 .9 1 .0 2.1 2.6 -0.7 0. 1 -0.5 1 .0 - 2.9 - 1.2 - 1 .6 0.3 -2.6 -2.6 0.1 -0.3 2.6 2.6 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES PERCENT PERCENT —I 12.0 12.0 i— PRIME BANK LOAN RATE 10.0 CORPORATE Aaa BONOS 90 DAY :RC IAL MUNICI PAL JUL 4 18 I AUG SEP IS 20 13 27 OCT 1989 10 24 NOV 8 22 DEC 5 10 2 JAN FEB 18 2 18 30 MAR 13 27 APR II 25 MAY 1990 8 22 JUN 8 20 JUL 3 17 31 AUG LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt SEPTEMBER 7, 1990 JULY AUG. SEP. 6 13 20 27 3 10 17 24 31 7 * 14 21 28 M 28 SEP 1990. 90 DAY CD'S 30-DAY COMMERCIAL PAPER 90-DAY BANKERS' ACCEPTANCES CORPORATE Aaa BONDS CORPORATE Baa BONDS MUNICIPAL BONDS WK 8.24 8.25 8.04 7.98 7.89 7.87 7.94 8.09 8.04 7.94 8.23 8.23 8.02 7.97 7.89 7.92 8.01 8.07 8.03 7.96 7.98 7.98 7.82 7.77 7.62 7.65 7.75 7.90 7.80 7.68 9.23 9.26 9.24 9.26 9. 19 9.34 9.37 9.50 9.56 9.59 10.20 10.23 10.19 10. 19 10. 14 10.34 10.36 10.54 10.56 10.57 7.24 7.21 7. 17 7.15 7.08 7.22 7.26 7.56 7.47 N. A. NOTEt CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE. IK AVERAGES OF RATES AVAILABLE m 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 II.0 10.0 RATE 8.0 TREASt DISCOUNT RATE 7 21 4 JUL AUG 18 OCT NOV 5 18 2 JAN FEB 16 2 16 50 13 27 APR II 25 8 22 6 20 3 17 31 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: SEPTEMBER 7, 1990 JULY AUG. SEP. 6 13 20 27 3 10 17 24 31 7 * 14 21 28 14 28 MAY 1990. FEDERAL FUNDS** 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL *** 1-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 7.71 7.73 7.57 7.53 7.43 7.37 7.45 7.54 7.46 7.38 7.60 7.75 7.52 7.40 7.37 7.19 7.31 7.45 7.48 7.36 7.49 7.53 7.34 7.33 7. 16 7. 18 7.22 7.39 7.32 7.23 8.36 8.43 8.31 8.30 8. 12 8.36 8.39 8.62 8.56 8.53 8.58 8.67 8.64 8.65 8.52 8.91 8.94 9.12 9.09 9.08 NOTE: y GOVERNORS* H. 15 RELEASE EXCLUDING LONG-TERM TREASURY * AVERAGES^^ATES^AVAIL^LE01^^^ BY ™ 8 BAfTREASURY BILL YIELDS ARE ON A DISCOUNT BASIS. mm SEVEN-DAY AVERAGES.FOR WEEK ENDING TWO DAYS EARLIER THAN DATE SHOWN wen AUCTION 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 BILLIONS OF DOLLARS 3325 BILLIONS OF DOLLARS BILLIONS _ JUL. 3280.7 3280.0 3291.2 3298.9 3305.4 3304.7 3300 3200 3150 3125 3 17 31 14 28 11 AUG 25 0 23 SEP 1989 8 20 4 18 NOV DEC I IS 20 12 26 12 28 0 23 7 21 MAY 1990 4 18 2 16 30 JUN 13 27 10 24 AUG SEP LATEST DATA PLOTTED WEEK ENDING* AUGUST 27. 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 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 FUWS. FOR MORE DETAIL, SEE THE H.6 RELEASE. MONEY STOCK (M2) COMPOUNDED ANNUAL RATES OF CHANGE, 8/28/89 11/27/89 AVERAGE OF FOUR WEEKS ENDING* 1/29/90 2/26/90 3/26/90 8.4 5.9 4.0 3.5 3.3 3.7 4.2 2.2 2. 1 2.1 2.8 0.2 0.7 1 .1 2.1 4/30/90 5/28/90 6/25/90 2.0 3.5 4.2 TO THE AVERAGE OF FOUR WEEKS ENDING* 1/29/90 2/26/90 3/26/90 4/30/90 5/28/90 6/25/90 7/30/90 0/27/90 6.5 7.0 7.0 6.3 5.4 5.0 4.7 4.9 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7. 1 7.0 5.9 4.6 4.2 3.9 4.2 -0.2 0.7 2.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ALL DEPOSITORY INSTITUTIONS TOTAL TIME DEPOSITS!/ LARGE TIME DEPOSITS v AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 2200 2170 2200 - COMPOUNDED ANNUAL RAT ES - OF CHANGE, AVERAGE OF - THE FOUR WEEKS ENDING —AUGUST 27. 1990 FROM _ THE FOUR *EEKS ENDING t “ JUN. 25, 990 -1.1 ~ MAY 28, 990 -1.3 " APR. 30, 990 -1.3 2170 M il 2 HO BILLIONS OF DOLLARS -III 2140 990 989 1989 -1.3 -0.9 -0.6 TOTAL TIME DEPOS1 TS 1 26 27 28, 1 FEB NOV AUG 1 - 1 2110 M il ft 13 2093.6 20 2092,0 27 2089.8 111111111111111 _ _ r 1990 JUL . 2050 *1 III 111 -LLL -LLLL -LLL -LLL -LLLL 1 1 1 -LLL -LLLL -LLL B ILLIQ 23 30 1 M il 1 1 _ 2095.1 2093. 1 2080 2050 LATEST DATA PLOTTED WEEK ENDING* AUGUST 27. BILLIONS OF DOLLARS BILLIONS OF DOLLARS 590 1390. BILLIONS JUL. 23 530.0 AUG. 6 580 527. LARGE TIME DEPOSITS 570 580 520 3 17 31 14 28 11 25 B 23 6 20 4 18 NOV DEC 1 15 20 12 28 12 9 23 7 21 4 18 MAY JUN 2 16 30 13 27 10 24 AUG SEP LATEST DATA PLOTTED WEEK ENDING* AUGUST 27. 1990 1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS. 2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 9100,000 OR MORE http://fraser.stlouisfed.org 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 4.5 r-------- 1------------- 1----1980 AUG. SEP. ILL IONS OF DOLLARS —i------------- -------- -j 4.5 MILLIONS 1 8 15 22 29 5 915 903 653 1592 510 767 TOTAL BORROWINGS III! LATEST DATA PLOTTED WEEK ENDING. SEPTEMBER 5, 1990 BILLIONS OF DOLLARS BILLIONS OF DOLLARS lfififl AUG. ADJUSTMENT + SEASONAL BORROWINGS 5 19 2 16 30 15 27 SEP II OCT 25 8 22 6 20 5 17 51 14 28 14 FEB MAR II APR 25 9 23 6 20 4 18 JUN JUL MILL!.QMS. 1 523 I 15 29 12 26 LATEST DATA PLOTTED WEEK ENDING. SEPTEMBER 5, 1990 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BAM< OF ST. LOUIS COMMERCIAL PAPER OF NONFINANCIAL COMPANIES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS 1090 BILLIONS OF DOLLARS 160 MILLIONS JUL.2S AUG. 1 8 15 22 20 155 144,058 145,832 147,238 145,064 144,067 144,167 150 145 2 16 30 13 27 11 SEP 25 8 22 8 20 3 17 31 14 28 14 28 II 25 9 23 OCT 0 20 JUN LATEST DATA PLOTTED WEEK ENDING-. AUGUST 20, JUL 1900 BUSINESS LOANS u ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR l&EEKS ENDING JUN. 20, MAY 23, APR. 25, 1990 1990 1990 FEB. 21, NOV. 22, AUG. 23, 1990 1989 1 MILLION? JUL. 18 AUG. 1 322,858 322,877 326,007 5 19 2 18 30 13 27 11 SEP 25 8 22 8 20 3 17 31 OCT LATEST DATA PLOTTED WEEK ENDlNGi AUGUST 22, 14 26 14 28 II FEB MAR 25 9 23 APR ■L 1.J 111 I I 1 I I I I 1 6 20 4 18 5 29 JUN 12 26 JUL 1990 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 DOLLAR’S TRADE-WEIGHTED EXCHANGE INDEX AVERAGES OF DAILY FIGURES 1973-100 06 88.2 87.6 86.0 85.4 5 10 2 16 30 13 Z7 II 25 #22 # 20 9 IT 91 14 28 14 28 II SEP OCT 1989 25 9 29 # 20 4 JUN JUL 18 I IS 20 12 26 1990 LATEST DATA PLOTTED WEEK ENDING. SEPTEMBER 5. 1900 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 JO INDUSTRIAL COUNTRY CURRENCIES. ...:i: b r a r y http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BAM OF ST. LOUIS