Full text of U.S. Financial Data : Week Ending: April 12, 1972
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1/ RES . . . . , 1 Fed^.*-• t‘-5Y Week ending: April 12, 1972 »-»*- -■" dank of St. Louis W6 2 1 1998 The money stock (M^) has risen at a 10.9 percent annual rate in the past three months, after little change in the previous five months. Money has grown 6.3 percent over the past year, slightly faster than the trend growth rate of 5.9 percent from fourth quarter 1966 to fourth quarter 1971. Money plus net time deposits (M2) has increased at a 13.5 percent rate in the past three months, and 9.6 percent in the past year. In comparison, M grew at an 8.1 percent trend rate from the end of 1966 to^the end of 1971. Business loans at large commercial banks, adjusted to include outstanding loans sold to affiliates, have increased recently, but growth of these loans in the past ten months has not kept pace with corresponding periods after most other reces sions. Business loans have increased at an 8.9 percent rate in the past two months but at only a 2.3 percent rate in the past ten months. In the six months following the November 1970 trough, loans were about unchanged. In previous post-war economic recoveries, business loans were little changed in the first six months of the recovery phase (except 1954) , while in the subsequent ten months, growth of these loans ranged from a -2.5 percent rate to a rapid +47 percent rate. Business Loans (Annual Rates of Change) Trough Trough to Six Months Later Subsequent Ten Months Oct. *49 - 0.6% +46.9% Aug. * 54 +11.7 +21.3 Apr. '58 - 1.0 - 2.5 Feb. '61 + 1.4 + 4.9 + 2.9 +17.7 - 0.1 + 2.3 Average Nov. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis '70 Prepared by Federal Reserve Bank of St. Louis Released: April 14,1972 fONETARY BASE MULTIPLIER 2/ v AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS BILLIONS OF DOLLARS 94 _ 92 COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR WEEKS ENDING - APRIL 12, 1972 FROM THE FOUR WEEKS ENDING. DEC. 15, 92 1971 90 MONETARY BASE AUG. 11 88 86 1972 MILLIONS. 84 I 1.1.111 LATEST DATA PLOTTED WEEK ENDING. APRIL 12, 1972 RATIO 2.9 RATIO 2.8 MULTIPLIER 2.7 2.6 2.5 — 2.4 3 17 3 17 31 14 28 APR 12 26 MAY 9 23 7 21 4 JUL AUG 18 1 15 29 13 27 OCT 10 24 8 22 5 19 2 16 1 IS 29 12 26 NOV LATEST DATA PLOTTED WEEK ENDING. APRIL 5, 1972 1/ USES OF MONETARY BASE ARE MEMBER BANK RESERVES AND CURRENCY HELD BY THE PUBLIC AND NONMEMBER BANKS. ADJUSTED FOR RESERVE REQUIREMENT CHANGES AND SHIFTS IN DEPOSITS. FOR A DESCRIPTION OF TH£ BASE SEE THE AUGUST 1968 "REVIEW** OF THIS BANK. 2/ RATIO OF MONEY STOCK (Ml) / MONETARY BASE. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS RESERVES ALL MEMBER BANKS 't' 1st IN THE TIATI ON FEDERAL RESERVE CREDIT*/ BILUONS of AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED dollars - COMPOUNDED ANNUAL RATES Z_ OF CHANGE. AVERAGE OF _ - THE FOUR WEEKS EWING APRIL 12, 1972 FROM Z THE FOUR WEEKS ENOINGi 32.5 ~ FEB, 9, 1972 Z JAN. 12, 1972 11.9 - DEC. 15, 1971 - NOV. 10, 1971 t OCT. 13, 1971 h SEP. 15, 1971 31.5 lZ_ AUG. 11, 1971 BILLIONS OF DOLLARS 33.5 33.0 32.5 32.0 - 3’ .5 RESERVES 3< .C 30.5 -1 30.5 J97£ B|LL|QNS 30.0 30.0 32.5 29.5 82 COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF 80 0.6 - — JAN 78 FEDERAL RESERVE CREDIT 76 — AUG 74 1972 72 MILLIONS 70 12 3 17 3 17 31 H 28 APR 12 26 9 25 7 21 4 18 1 15 29 13 27 10 24 5 19 2 7 16 1 IS 29 12 26 MAY 1971 1972 LATEST DATA PLOTTED WEEK ENDING. APRIL 12, 1972 1/ ‘CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE. 2/ DEFINED TO INCLUDE HOLDINGS OF SECURITIES, LOANS, FLOAT AND "OTHER" ASSETS, ADJUSTED FOR RESERVE REQUIREMENT CHANGES AND CHANGES IN REQUIREMENTS DUE TO SHIFTS IN DEPOSITS AMONG CLASSES OF BANKS. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0 4 DEMAND DEPOSIT COMPONENT OF MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 185 180.2 180. 1 ITS.5 180 175 170 165 3 IT 3 IT 31 14 2* 12 26 9 23 T 21 4 IS JUL AUG 1 IS 29 19 22 10 24 OCT • 22 3 19 2 16 JAN NOV FEB I 15 12 26 LATEST DATA PLOTTED KEEK ENDINGi APRIL 5, 1972 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDINGi 4/7/71 8/4/71 9/8/71 10/6/71 11/3/71 12/8/71 1/5/72 2/2/72 TO THE AVERAGE OF FOUR WEEKS ENDINGt 9/ 10/ 11/ 12/ 1/ 2/ 3/ 4/ 8/71 6/71 3/71 8/71 5/72 2/72 8/72 5/72 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8.8 6.7 6.0 5.0 4.4 4.6 5.5 6. 1 -1.6 -0.7 -0.7 -0.7 0.3 2.4 3.6 -1.5 -1 . 1 -1.0 0.3 2.7 4. 1 0.3 0.0 1.4 4. 1 5.4 -0.7 1.4 4.7 6.2 2.6 6.8 8.2 10.3 11.2 13.5 PREPARED BY FEDERAL RESERVE BA*K OF ST. LOUIS # MONEY STOCf BILLIONS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED of dollars BILLIONS OF DOLLARS 240 31LU£NS 231.4 232.5 233.9 233.8 233.4 234.9 235 230 225 220 215 3 17 3 17 31 14 28 12 28 9 23 7 21 4 18 1 15 29 13 27 10 24 8 22 5 19 JAN 1971 2 16 1 15 12 26 FEB 1972 LATEST DATA PLOTTED WEEK ENDINGi APRIL 5, 1972 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING. 4/7/71 TO THE AVERAGE OF FOUR WEEKS ENDINGi 9/ 8/71 10/ 6/71 11/ 12/ 1/ 2/ 3/ 4/ http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3/71 8/71 5/72 2/72 8/72 5/72 8.7 6.8 6.2 5.2 4.8 5.0 5.8 6.3 8/4/71 9/8/71 -0.5 0.4 0.1 0.3 1.2 3.0 4. 1 -0.3 -0.4 0.0 1.2 3.4 4.6 10/6/71 11/3/71 0.8 0.9 2.2 4.5 5.8 0.3 2. 1 5.0 6.4 12/8/71 1/5/72 2/2/72 10.0 10.9 13.0 3.8 7.2 8.6 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 6 • me deposits ALLXOMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS TOTAL TIME DEPOSITS NET TIME DEPOSITS* 3 17 3 IT 31 14 28 12 26 9 23 T 21 JUL 1971 4 18 AUG 1 15 29 13 27 10 24 OCT NOV 8 22 3 19 JAN 2 16 1 15 29 12 26 FEB 1972 LATEST DATA PLOTTED WEEK ENDING: APRIL 5, 1972 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1 H.6 RELEASE. * NET TIME DEPOSITS ARE DEFINED AS: SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT PLUS TIME CERTIFICATES OF DEPOSIT OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF *100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS. NET TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 4/7/71 8/4/71 9/8/71 9.2 9.4 10.0 10.8 11.9 12.8 13.4 13.0 6.6 8.8 10.7 12.7 14. 1 14.7 14.0 12.0 13.5 15.4 16.7 17.0 15.9 10/6/71 11/3/71 12/8/71 15.0 17. 1 18.3 18.3 16.8 18.6 19.7 19.2 17.3 22. 1 20.6 17.7 1/5/72 2/2/72 19.9 16.4 13.9 TO THE AVERAGE OF FOUR WEEKS ENDING: 9/ 10/ 11/ 12/ 1/ 2/ 3/ 4/ 8/71 6/71 3/71 8/71 5/72 2/72 8/72 5/72 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK PLUS T I ME”EPOS I TS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS MONEY STOCK PLUS TOTAL TIME DEPOSITS MONEY STOCK PLUS NET TIME DEPOSITS** 3 17 3 17 31 14 28 12 26 APR 7 21 4 18 1 13 29 13 27 10 2* 5 19 2 JAN 9 23 MAY 16 I IS 29 12 26 FEB 6 22 LATEST DATA PLOTTED WEEK END INGi APRIL 5, 1972 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. *X M2 IS DEFINED AS: CURRENCY, DEMAND DEPOSITS PLUS NET TIME DEPOSITS (SEE PAGE 6). MONEY STOCK PLUS NET T IME DEPOSITS CM2) COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING: 4/7/71 8/4/71 9.0 8.0 8. 1 8.0 8.4 8.9 9.5 9.6 3.0 4.6 5.4 6.5 7.6 8.8 9.0 9/8/71 10/6/71 11/3/71 12/8/71 7.8 9.0 10. 1 1 1.3 11.2 9.3 10.7 12.0 11.8 12.7 13.8 13. 1 1/5/72 2/2/72 14.9 13.5 13.3 TO THE AVERAGE OF FOUR WEEKS ENDING: 9/ 10/ 11/ 12/ 1/ 2/ 3/ 4/ 8/71 6/71 3/71 8/71 5/72 2/72 8/72 5/72 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5.7 6.4 7.6 8.8 10.0 10. 1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS certif#:ates of deposit # LARGE COMMERCIAL BANKS WEDNESDAY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 36 ----------- ,--- 3 IT 3 17 31 H 28 IZ Z6 9 23 7 2] 1 13 29 13 27 10 24 OCT NOV BILLIONS OF DOLLARS --- ------ ----- 36 8 22 3 19 2 16 JAN FEB 1 IS 29 12 26 1972 LATEST DATA PLOTTED WEEK ENDING. APRIL 5, 1972 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. WEEKLYAREPOr}'IngCCOMMERCULSBANKSEPOSIT ISSUED IN DEN0MINAT10NS OF 6100,000 OR MORE BY LARGE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MONEY AND TIME DEPOSIT DATA 1972 FEB. 1 2 9 16 23 MAR. 1 8 15 22 29 APR. 5 12 19 26 CERTIFICATES OF DEPOSIT BILLIONS NET TIME DEPOSJTS * M2 m 33.4 33.5 33.8 34.3 33.8 33.7 33.0 33.1 33.7 33.4 242.4 243.0 244.4 245.0 245.9 245.7 246.8 246.4 246.5 247.7 472.2 473.3 475.6 477.2 477.3 478.1 480.7 480. 1 479.9 482.6 * SEE FOOTNOTE PAGE 6. m SEE FOOTNOTE PAGE 7. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 MEMBER BANK DEPOSITS SUBJECT TO RESERVE REQUIREMENTS (CREDIT PROXY ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 385 r---- ------ --- BILLIONS OF DOLLARS - ------ ----=1 385 - CREDIT PROXY ADJUSTED 1/ CREDIT PROXY 3 IT 3 IT 31 14 28 12 26 APR S 23 T 21 4 18 I 15 29 13 2T 10 24 8 22 3 19 2 16 JAN MAY FEB 1 15 29 12 26 LATEST DATA PLOTTED WEEK ENDING: APRIL 5, 1972 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE. .INCLUDES MEMBER BANK DEPOSITS. BANK-RELATED COMMERCIAL PAPER. EURODOLLAR BORROWINGS OF U.S. BAFTS, AND CERTAIN OTHER NONDEPOSIT SOURCES. 1311 BILLIONS CREDIT PROXY MAR. 1 8 15 22 29 APR. 5 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CREDIT PROXY ADJUSTED 364.7 366.2 368.7 368.9 369.5 372.2 368.3 369.9 372.5 372.7 373.4 375.8 COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF THE FOUR WEEKS ENDING APRIL 5. 1972 FROM THE FOUR WEEKS ENDING: CREDIT CREDIT PROXY PROXY ADJUSTED FEB. JAN. DEC. NOV. OCT. SEP. AUG. 2, 5, 8. 3, 6, 8. 4. 1972 1972 1971 1971 1971 1971 1971 14.4 12.8 14,4 13.6 12.2 10.8 10.5 13.,7 12. 8 12.,7 12..6 1 1.,8 10.,7 10.. 1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 10 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT CORPORATE Aaa BONDS MUNICIPAL BONDS** RIME COMMERCIAL OAN RATE DISCOUNT RATE THREE-MONTH TREASURY BILL MARKET YIELD 3 19 5 19 FEB MAR 2 16 30 14 28 II 23 MAY JUN 9 23 3 17 I 13 29 12 26 10 24 SEP 7 21 4 IB JAN 6 20 AUG FEB 3 17 31 14 26 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. APRIL 14, 1972 1972 FEB. 4 1 1 18 25 3 MAR. 10 17 24 31 APR. 7 14 * 21 28 CORPORATE Aaa BONDS 3-MONTH TREASURY BILLS 3-5 YEAR GOVERNMENT SECURITIES LONG-TERM GOVERNMENT SECURITIES MUNICIPAL BONDS jok 7.25 7.29 7.28 7.26 7.25 7.24 7.22 7.24 7.24 7.25 7.27 3.35 3.09 3.04 3.22 3.44 3.57 3.85 3.81 3.82 3.80 3.79 5.55 5.51 5.47 5.50 5.50 5.57 5.84 5.83 5.92 6.07 6.07 5.70 5.71 5.65 5.63 5.62 5.62 5.67 5.68 5.69 5.73 5.75 5.35 5.27 5.24 5.28 5.29 5. 18 5.32 5.34 5.40 5.49 N.A. * AVERAGES OF RATES AVAILABLE. *SK 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 11 SELECTED SHORT-TERM INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY* PERCENT PERCENT COMMERCIAL PAPER 4-TQ-6 MONTH FEDERAL FUNDS RATE 5 19 FEB 5 19 MAR 2 16 30 14 26 11 25 9 23 6 20 AUG 1 15 29 12 26 10 24 3 17 SEP 7 21 JAN 4 16 FEB 3 17 31 14 26 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. APRIL 14, 1972 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1972 FEB. 4 11 18 25 MAR. 3 10 17 24 31 APR. 7 14 X 21 28 PRIME COMMERCIAL PAPER 4-6 MONTH FEDERAL FUNDS PRIME BANKERS' ACCEPTANCES 90 DAY CD'S XX 3.98 4.00 3.93 3.88 3.90 4.00 4.20 4.30 4.33 4.50 4.63 3.20 3.28 3.50 3.19 3.28 3.60 3.93 3.98 4.18 4.29 4.12 3.75 3.50 3.45 3.44 3.60 3.73 4.03 4.13 4.13 4.40 4.50 3.82 3.67 3.61 3.54 3.65 3.70 3.86 4.09 4.28 4.39 4.56 * AVERAGES OF RATES AVAILABLE. FEDERAL FUNDS LAST FIVE DAYS AVAILABLE HOI DATA ARE SECONDARY MARKET RATES. WEEKLY AVERAGES ENDING WEDNESDAY TWO DAYS EARLIER. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 12 BORROW I NG® AND EXCESS RESERvft ALL MEMBER BANKS IN THE NATION AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS BILLIONS OF DOLLARS 1.6 1.2 BORROWTFI55' 0.8 0.4 0 EXCESS RESERVES -0.4 -0.4 - 0.8 - 0.8 NET FREE RESERVES - 1.2 1.2 - 1.6 - - 1.6 3 17 3 17 31 14 26 12 26 APR 9 23 7 21 4 IS 1 IS 29 IS 27 10 24 OCT MAY NOV S 22 9 19 2 16 JAN 1 19 2* 12 26 FEB LATEST DATA PLOTTED WEEK ENDING. APRIL 12, 1972 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MILLIONS 1972 FEB. 2 9 16 23 MAR. 1 8 15 22 29 APR. 5 12 19 26 EXCESS RESERVES 245 50 31 1 130 82 176 393 74 310 396 212 BORROWINGS 16 42 18 14 67 103 13 115 155 141 13 FREE RESERVES 229 8 293 1 16 15 73 380 - 189 155 255 199 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS