Full text of U.S. Financial Data : Week Ending April 12, 1967

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

/

U.S. FinflnCIflL DATA
Week ending April 12,1967

LIBRARY
FEDERAL RESERVE CREDIT

(Page 6)

Federal Reserve credit, adjusted for
reserve requirement changes, has risen at a rapid
21 per cent annual rate since late December.
This sharp gain provided reserves for both time
deposit growth and monetary expansion, in addition
to offsetting technical factors which absorbed
reserves during the period. Federal Reserve
credit grew at a 3 per cent rate from April to
December, after increasing 8 per cent in the year
ending last April.

MONEY STOCK

(Pages 3 and 12)

The nation's money stock, private demand
deposits plus currency held by the nonbank public,
averaged $173*2 billion in the four weeks ending
April 5* Money has risen at a 6 per cent annual rate
since late December, after showing a small net decline
from last April to December. The trend rate of growth
in money from i960 to 1965 was 3 per cent annually. The
prolonged decline which began last spring and the recent
sharp increase are marked departures from this trend.
VELOCITY OF MONEY

MEMBER BANK RESERVES

Reserves available to support private
demand deposits averaged $15*9 billion in the four
weeks ending April 12, up at a 6.5 per cent annual
rate since late December. These reserves, which
provide a base for monetary expansion, declined
at a 1.6 per cent annual rate from last April to
December, after increasing 5 per cent in the year
ending last April. From i960 to 1965, they grew
at a trend rate of 1.8 per cent per year.


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

(Page 2)

(Pages 4 and 12)
The income velocity of money (gross national
product divided by the money stock) was virtually
unchanged from the fourth quarter of 1966 to the first
quarter of 1967? according to preliminary data. Since
1948, income velocity has risen about 3-6 per cent per
year. During this period, when money rose rapidly after
a prolonged decline or a relatively slow expansion (such
as in 1954, 1958, i960 and 1962), income velocity changed
little at first. Within a short time after money started
to rise, income velocity rose more rapidly than the trend.

Prepared by Federal Reserve Bank of St. Louis
Released: April 14,1967

Annual rates
of Turnover

INCOME VELOCITY OF MONEY
GNP/Money Supply

^'Latest data aplotted: first quarter 1967 estimated


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

2
Annual rates
of Turnover

Prepared by Federal Reserve Bank of St. Louis

U.S. MONEY STOCK*
Billions of Dollars

3
Billions of Dollars

~Annual rates of change, average of
180 _ from four weeks ending:

May i960 - May 1966
___ t- -t72 0

13-week centere<
moving

Weekly-

165-Latest data preliminary
-Latest data plotted week ending:
27 3

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

17

* Current data appear in the Board's H.6 release. Back
■
data appear in the September 1966 Federal Reserve Bulletin
For trend of money supply by months see this bank's
.
monthly release entitled "Monetary Trends".

Apr. 5, 19^7
30 7

1A
June
Prepared by Federal Reserve Bank of St. Louis

RESERVES
All Member Banks in the Nation
Weekly Averages of Daily Figures

Billions of Dollars

_ Seasonal, adjustment computed by this
_^bank using data ending December 1965.
Unadjusted data appear in Board's H.4.1
release.

4
Billions of Dollars

* Data beginning March 2, adj Tasted
for the effect of the changes in
reserve requirements.

Total y.

y Adjusted for estimated effect
of reserve requirement changes
Private Demand Deposits

Annual rates of change, average of
four weeks ending Apr. 12, 1967
from four weeks ending:
Jan. 11, 1967
t£,.S
Oct. 12, 1966
/-j1, o
July 13, 1966
Apr. 13, 1966
^/-3

Latest data prelimimary
6 13

27 3


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

17

31 7 14
Sept.

28 5 12

26 2

16

30 7 14

18 25 1

15 22 1

15

29

5

19 26 3

17

31 7

14
June

Prepared by Federal Reserve Bank of St. Louis

Millions of Dollars

BORROWINGS AND EXCESS RESERVES
All M em ber Banks in the Nation
Averages of Daily Figures

Millions of Dollars

Mil 11 ring of Dollars
Excess Reserves

1100
1000

1000

Biweekly Settlement Periods

Borrowings
--

Biweekly Settlement Periods

500

Excess Reserves
Net Free Reserves

-100

Biweekly Settlement Periods
Net Free Reserves

Latest data preliminary
Latest data plotted week ending: Apr. 12, 1967
l4

28

Sept.

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

18

1

29

12

Jan.
Prepared by Federal Reserve Bank of St. Louis

FEDERAL RESERVE CREDIT [1
Weekly Averages of Daily Figures
1

Annual rates of change of Federal Reserve Credit
adjusted for reserve requirements changes
average of four weeks ending Apr. 12, 1967
Jan. 11, 1967
+
Oct. 12, 1966
+/3.3
July 13, 1966
/a
i aAA
J.
Qn
>>
1 1
—1—1—1—
Federal I(es erve Cre lit Ad 1U£ ted
for Reserve Requirement Change s

.

47

■
’
■
-

Billions of Dollars
l l 11--- 1 1 1 1--- 1--- 1--- 1--- 1--- r 1
* Data beginning March 2, adjusted _
for the effect of the changes in
47
reserve requirements.
_

—

•

•

—

,

■

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*
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l/ Federal Reserve Credit excluding float and a few minor
items.
2/ Seasonal adjustment for Federal Reserve Holdings
4l
computed by this bank using data ending December 1965,
Borrowings from Federal Reserve not seasonally adjusted
- Latest data preliminary
Unadjusted data appear in Board's H.4.1 release.
Latest data plotted veek ending: Apr. 12, 1967
I I , 1—L 1111
1
l l__ I_ _ 1_ _ I_ _ I__ L
■ 1 1 1 1 1 I I 1 I 1 I 1 !., 1 » 1 1 4
J__ L I 1
15 29 5
19 26 3
17 31 7 14
18251 15 221
‘ 7 l4
28 5 12 26
16 30 7 14 ' 28
26 2
6 13 27
17 31
Mar.
Apr.
May
June
Jan.
Feb.
Dec,
Nov.
Sept.
Oct.
Aug.
July1967
1966


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

t

Prepared by Federal Reserve Bank of St. Louis

JIME DEPOSITS
All Commercial Banks
Billions Of Dollars

Billions of Dollars

170

Annual rates of change, average

Seasonally Adjusted

from four weeks ending;
+ /o.S'
JJ

Back
* Current data appear in the Board's H.
data appear in the September 1966 Federa _
For trend of time deposits by months see this bank*
monthly release entitled "Monetary Trends".

Latest data preliminary

6 13

27 3


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

31 7 14

/Sl-I

28 5 12

18 25 1

15 22 1

15

29 5 12

Prepared by Federal Reserve Bank of St. Louis

Billions of Dollars
21.0 __

CERTIFICATES OF DEPOSIT III
Large Commercial Banks
Wednesday Figures

Billions of Dollars

Annual rates of change, seasonally unadjusted
verage of four weeks ending Apr. 5, 19<
from four weeks ending:

21.0

20.0

Mar. 1964 to Mar. 1966

Latest data preliminary
Latest data plotted: April 5, 1967
21 28 5 12
20 273 10 24 31 7


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

Current and year ago data appear in the
Board's H.4.2. release.
1/ Negotiable time certificates of deposit
26 2

16

30 7 14

28 4 11
25 1 8
Jan.

22 1

15 29 5
tar.
1967

19 26 3
Apr.

17
May

31 7 i4
June

Prepared by Federal Reserve Bank of St. Louis

BUSINESS LOANS
Large Commercial Banks
*

Bill

67

66
65

Billions of Dol
ns or DOJLLars
,'fTI T 1 1 1 1 11 1 -1 1 1 l
- Annual rates of change, average of
_ four weeks ending Apr. 5, 19^7
from four weeks ending:
Jan. 4, 1967
+-/3.0
- Oct. 5, 1966
+ f. J
- July 6, 1966
+
- i\pr

1

3

y-

Qoncnnnllv ArliuctPn
-1
1I
>-p ol
.
rur CO O ClUCO Ui T%1
UUOXiiCOO
banks on a monthly basis see this bank's "Trianglesof U.S. Economic Data".
-LIU

_L.UQUU

-«

wwj.

. (,

64
63
62

•

£ LA £
/

-J__

60

59
58
57
56
55

53
52
•fm 1 n?irv
m
Latest data plotted: Apr. 5. 1967
1 1 1 1 1 11 1
U 1 LL
0
7T~.
July
Aug.
1966

51

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

7 iT“ O * )

Current and year ago unadjusted data appear in
_i_uxitr -r,
Jl-0 TT
____
O_____+
roaru
n • h1,- • O
n rcico.bc.
oceibuuai ciu.j u.o uiucu o
computed by this bank using 1958 through July
1964 data.
1 1 1 1 1 1 1 1 1 1 1 1 11 1 L.L 1 L11 ^ 0 c: 1
iq ?? 1 1 R
PQ R TP
Pft R
17 11 7 l4
1967
Pr'pmn-rpri hv federal Reserve Bank of

YIELDS ON SELECTED SECURITIES
Weekly Averages of Daily Rates Ended Friday

Per Cent

10
Per Cent

Corporate
Aaa Bonds

Discount Rate

Long-Term
Government Bonds

- Three-Month Treasury
. Bill Market Yield

29 5 12

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

16

36 i U
June

Sept
Prepared by Federal Reserve Bank of St. Louis

/

11

SELECTED SHORT-TERM INTEREST RATES
Weekly Averages of Daily Rates Ended Friday

'Per cent

per cent

Prime Commercial Paper
4-to-6 Month /

Prime Bankers
Acceptances

Federal Funds Rate

Discount Rate

Latest data plotted are averages of rates available for the week ending:
15

29 5 12


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

26 2

30 7 i4
Sept.

28 4

18 25 2
Nov.

306 13
Dec.

27 3

17 24 3

17

31

7 14

28 5 12
June

Prepared by Federal Reserve Bank of St. Louis

MEMBER BANK
AVERAGES OF DAILY FIGURES
WEEK ENDING WEDNESDAY
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
RESERVES
AVAILABLE
FOR PRIVATE
WEEK
ENDING DEMAND DEPOSITS

y
TOTAL
RESERVES

AVERAGES OF DAILY FIGURES
WEEK ENDING WEDNESDAY
MILLIONS OF DOLLARS
EXCESS
RESERVES BORROWINGS

FREE
RESERVES

MONEY STOCK
AVERAGES OF DAILY FIGURES
WEEK ENDING WEDNESDAY
SEASONALLY ADJUSTED
BILLIONS OF DOLLARS

13U 7hn42

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

173.1

)73.4P

-4/SYp

•*

*•

p -

12

PREPARED BY.FEDE RAL RESERVE BANK OF ST. LOUIS

March 2, adjusted for the effect of the change in reserve requirements.

BUSINESS LOANS
LARGE COMMERCIAL BANKS

LARGE CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS

WEDNESDAY FIGURES
MILLIONS OF DOLLARS

WEDNESDAY FIGURES
MILLIONS OF DOLLARS

SEASONALLY

SEASONALLY

/s&s]uLa 52 (°3& 5851}
/To
'5'%, 733- S*. 799

it

Oo, 915.

59.72 O
<80 449

52 2/4 —3 922 J

12

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59 34C,
_______ 41 . 52,&93
85
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P - PRELIMINARY

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

22 19.1 !9
29 19244
O/JL 5 14. 2J0 P

23 15,501

jr?¥2Q

59,92/

15 /P 90/

IA 16 618

15.4L7
7 15 415
14 15 32J

___.7

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1/ /(o 42 6

18 Z 72.
2 7 11 265
flan. 3 // 24!
20

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sure _______ £_ 00.223
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to

52 3X4

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Au,.

F ST. LOUIS

in coverage beginning December 28, 1966.

14

SELECTED YIELDS
YIELDS ON U. S. GOVT. SECURITIES
LONG-TERM

,,VPAD
3-5 YEAR

PRIME
COMMERCIAL
pn.uF
CORPORATE
PAPER
BANKERS
Aoo
4-5-MONTH ACCEPTANCES LARGE
CD’S**
PER CENT PER ANNUM
FRIDAY
AVERAGES OF DAILY FIGURES
figures

3-MONTH
jREAS. BILL

PER CENT PER ANNUM
AVERAGES OF DAILY FIGURES

WEEK

4. 4 7
//

4. 7.3

/I

4. 77

zs

4. 74

4. 74
--------------4. 7L
7
4.6,S
/4
4.S2
20

4-Sf

4,40
21

4-37

39
3 7 ---4
/
/----4.37
Yj 7— ?
/o

44/

4. 7/---7
24- 4.SS
---------- AT-4 S7
--- / ^ ----/O V 47
—-----n V:
----------- //—
VS 2,
/I

PER CENT PER ANNUM
AVERAGES OF DAILY FIGURES
WEEK ENDING FRIDAY

S'. 34

o.no

S'. (.3

S. 70___

S 34

O.on

S, 0 3

S. 70

/c.OO
S. 7S

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S. 7S

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4.97

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vs/,
4.30
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S'. 4 3

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S'. 32

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---/4> 44------ ---/ * V------4.3L
4. 4 44----„ /Ik.)7 7 —7*
*
/t u.
4 3L

•AVERAGES OF RATES AVAILABLE

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

FEDERAL FUNDS

3.

SECONDARY MARKET RATE.

4-S3

4.2,7

s, 10
7 ?s___

V. 70
yss.S2L6

S./1
S. Olr,
4. so

¥■ 70___
vss___
4-7S
4./S’
S4J
3. 47