Full text of U.S. Financial Data : Week Ending: April 13, 1977
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/ iyKftUB; Week ending: April 13, 1977 April 6 iQ77 u WCekS ended April 7’ 1976 t0 the fo™ weeks ended Sibuteh?! ^^ PerCfnt °f the Freese in the monetary base was attributable to an increase in adjusted Federal Reserve credit (page 3 LIBRARY DEC 2 6 1979 and table below). The largest positive influence on the growth of adlusted Federal Reserve credit was the change m Federal Reserve Kings of oneraM™”*1*^ aeaurities> whlch represents the effect of open market MMit^drc^MTrtfke\b^ the Federal ^serve. The reserve adjustment Z^e credT rT VSubataatiai P^itive effect on adjusted Federal d ’ P i“arily due t0 the Bering of reserve requirements on demand deposits in January 1977. Federal Reserve loans to member banks had SStirStTS?^?£hiB PSri0d* - ' ba^ b^rroSgs d 1 Wi ^ h® discount Mte generally above the Federal iTfLf ? Tre“ury deP°alta at Federal Reserve Banks (which are subtracted dL S SSenSa^jStSeFeferal Cred±t) ±ncreased over this period, 116 large part t0 t*1® alower than expected rate of Federal spending. accounted sccomts of the Treasury and Federal Reserve accounted for the other 17 percent of the increase in the monetary base 2in T”““ry CUrrenCy 81111 coin the issuing of Ts. ,SDR. ■. Public circulation, while the increase in Special Drawing Rights during thi£ p«iod "“ftizatlon af/m additional $700 million of SDR's a ! P!51 d‘ SDR 8 ar® monetized when the Federal Reserve issues deposit to the Treasury in exchange for SDR certificate credits In late £? **rl319.76> $20° ■lulo° »£ SM'° “» $i00 million was monetized during October 1976. ®>otner CHANGES IN FACTORS INFLUENCING TADJUSTED FEDERAL RESERVE CREDIT AND THE MONETARY BASE^ (Sign Indicates Effect on Adjusted Federal Reserve Credit and Monetary Base) 4/7/76 - 4/6/77 (Millions of Dollars) Sources: U.S. Government Securities Loans Float and Other F.R. Assets Treasury Deposits at F.R. Banks RAM 3/ $ 6,988 77 - 116 - 916 1.116 Adjusted Federal Reserve Credit Treasury Currency Special Drawing Rights Gold, Treasury Cash, and Other Factors $ 7,149 534 700 278 Monetary Base ? 0,001 17 Data are not seasonally adjusted. 2/ iD ava^age of for four weeks ended these dates. 3/ Zd stlfZ ii3T?£ fKr the e5feet 0f rea®^® requirement ratio changes ratiosfnniv ^ ben bank8 where different reserve requirement ratios apply. RAM is computed by this Bank. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Prepared by Federal Reserve Bank of St. Louis Released: April 15, 1977 MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS BILLIONS OF DOLLARS 134 r—---- ,-------------.----- ----- ------------- -------- -1 134 MILLIONS FEB MAR APR MAY JUN JUL AUG SEP 5 OCT 19 2 16 2 16 30 13 27 NOV 1976 LATEST DATA PLOTTED WEEK ENDING: APRIL 13, 1977 mmsmmmm MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, 4/14/76 7/14/76 7.0 7.3 7.4 7.3 6.7 6.9 7.0 7, 1 7.6 7.6 7.5 6.5 6.9 6.9 7.2 AVERAGE OF FOUR WEEKS ENDING: 9/15/76 10/13/76 11/10/76 12/15/76 1/12/77 2/16/77 TO THE AVERAGE OF FOUR WEEKS ENDING: 9/15/76 10/13/76 11/10/76 12/15/76 1/12/77 2/16/77 3/16/77 4/13/77 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8.4 7.9 6.2 6.8 6.9 7.2 7.4 5.3 6.3 6.5 6.9 4.3 6.0 6.3 6.8 5.3 6.0 6.7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MULTIPLIER^ ADJUSTED FEDERAL RESERVE CREDIT^ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO RATIO MULTIPLIER RATIO I I I. LLi LATEST DATA PLOTTED WEEK ENDING: APRIL 6, 1977 BILLIONS OF DOLLARS BILLIONS OF DOLLARS 120 ----------1-------------1----- ---- ------------------- 120 COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR WEEKS ENDING APRIL 13, 1977 FROM THE FOUR WEEKS ENDING: FEB. JAN. DEC. NOV. OCT. JUL. APR. 16, 12, 15, 10, 13, M, M, 1977 1977 1976 1976 1976 1976 1976 8.3 8.1 6.2 6.0 6.6 6.9 7.0 ADJUSTED FEDERAL RESERVE CREDIT 1977 MILLIONS MAR. 4 18 3 17 31 14 28 APR 12 26 MAY 9 23 7 21 4 JUL AUG ie LATEST DATA PLOTTED WEEK ENDING: APRIL 13, 1 15 29 13 27 OCT 10 24 NOV 8 22 5 19 JAN 2 16 2 16 30 13 27 FEB 1977 1/ RATIO OF MONEY STOCK (Ml ) / MONETARY BASE. 2/ FEDERAL RESERVE CREDIT CONSISTS OF FEDERAL RESERVE HOLDINGS OF SECURITIES, LOANS, FL0A1 AND OTHER ASSETS. ADJUSTED FEDERAL RESERVE CREDIT IS COMPUTED BY SUBTRACTING TREASURY DEPOSITS AT FEDERAL RESERVE BANKS FROM THIS SERIES. AND ADJUSTING THE SERIES FOR RE SERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSITS BETWEEN BANKS WHERE DIFFERENT RESERVE REQUIREMENT RATIOS APPLY. DATA ARE COMPUTED BY THIS BANK. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 MONEY STOCK PLUS NET TIME DEPOSITS (M2) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS —---------------------=j 765 765 >=------ 1-------------1----BILLIONS 750. 1 755.2 4 IB 3 17 31 M 28 12 26 9 23 7 21 1 15 29 13 27 10 24 OCT 8 22 5 19 2 16 JAN NOV FEB 1976 2 16 30 13 27 1977 LATEST DATA PLOTTED WEEK ENDING: APRIL 6, 1977 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. MONEY STOCK PLUS NET TIME DEPOSITS (M2) COMPOUNDED ANNUAL RATES OF CHANGE, 4/7/76 7/7/76 9/8/76 9.9 10.5 11.0 11.0 11.3 10.9 10.6 10.6 11.7 12.4 12. 1 12.4 11.5 11.1 11.0 14.2 12.9 13.2 11.8 11.2 11.1 10/6/76 AVERAGE OF FOUR WEEKS ENDING: 11/3/76 12/8/76 1/5/77 2/9/77 TO THE AVERAGE OF FOUR WEEKS ENDING: 9/ 10/ 11/ 12/ 1/ 2/ 3/ 4/ 8/76 6/76 3/76 8/76 5/77 9/77 9/77 6/77 4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 12.6 13. 1 11.4 10.8 10.7 12.4 10.5 9.9 10.0 10.2 9.5 9.8 7.5 8.5 9.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK ( Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 325 ----------1-------------1----- BILLIONS OF DOLLARS ----- ------------- ---------- 325 BILLIONS 314.7 316.4 315.2 314. 1 319. 1 -I 18 3 17 31 M 28 12 26 9 23 7 1 21 JUL 15 ZS AUG LATEST DATA PLOTTED WEEK ENDING: APRIL 6, 13 Z7 OCT 10 24 NOV 8 ZZ 5 19 JAN Z 16 Z 16 30 13 Z7 FEB 1977 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. THE MONEY STOCK CONSISTS OF DEMAND DEPOSITS PLUS CURRENCY AND COIN HELD BY THE NONBANK PUBLIC. MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING: 4/7/76 7/7/76 9/8/76 10/6/76 11/3/76 12/8/76 1/5/77 2/9/77 6.0 6.3 6.8 5.8 6.5 5.8 5.6 5.9 6.2 7.2 5.5 6.6 5.7 5.4 5.8 9.0 5.5 7.2 5.6 5.3 5.8 4.6 7. 1 5.2 4.9 5.5 5.5 3.8 3.7 4.6 5.9 5. 1 6.0 1.9 4.0 6.2 TO THE AVERAGE OF FOUR WEEKS ENDING: 9/ 10/ 11/ 12/ 1/ 2/ 3/ 4/ 8/76 6/76 3/76 8/76 5/77 9/77 9/77 6/77 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT 10,0 r- — CORPORATE AAA BONOS PRIME BANK LOAN RATE COMMERCIAL PAPER 8 20 5 FEB IS 2 16 30 M 26 1! 25 9 23 MAR 6 20 3 AUG SEP IT ! 15 29 12 26 10 24 7 21 4 JAN FEB 16 1 15 29 1976 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: APRIL 1977 FEB. 4 1 I 18 25 MAR. 4 1 1 18 25 APR. 1 8 15 * 22 15, 1977 90 DAY CD'S *** PRIME COMMERCIAL PAPER 4-6 MONTH PRIME BANKERS’ ACCEPTANCES Aaa BONDS MUNICIPAL BONDS 3t0K 4.90 4.83 4.78 4.79 4.88 4.87 4.83 4.80 4.81 4.85 4.84 4.88 4.80 4.78 4.84 4.35 4.85 4.88 4.88 4.88 4.88 4.88 4.90 4.82 4.78 4.84 4.83 4.84 4.81 4.79 4.78 4.79 4.76 8.03 8.01 8.04 8.08 8. 10 8. 12 8.09 8.09 8. 10 8. 10 8.09 5.93 5.86 5.83 5.92 5.92 5.92 5.90 5.88 5.85 5.79 N. A. CORPORATE 29 * AVERAGES OF RATES AVAILABLE. ** s, AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA ff^EN-DAY AVERAGES OF SECONDARY MARKET RATES FOft THE WEEK ENDING WEDNESDAY TWO DAYS N A E-RNOTRAVAtLABLEES SH0WN* CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 10.0 SELECTED SHORT-TERM INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT 6.5 ----- PERCENT ----- 6.5 •3C0UNT RATE FEDERAL FUNDS RATE THREE-MONTH TREASURY BILL MARKET YIELD 2 16 30 M 28 II 25 3 23 6 20 3~ 17 1 1976 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE MAR. APR. 29 12 26 10 24 JAN FEB MAR 1977 FOR THE WEEK ENDING: APRIL 15 FEDERAL FUNDS ** 1977 FEB. !5 4 1 1 18 25 4 1 1 18 25 1 8 15 * 3-MONTH TREASURY BILLS 1-YEAR TREASURY SILL 3-5 YEAR GOVERNMENT SECURITIES LONG-TERM GOVERNMENT SECURITIES 4.60 4.66 4.70 4.74 4.68 4.63 4.62 4.77 4.74 4.60 4.65 4.7! 4.62 4.63 4,71 4.66 4.63 4.59 4.57 4.57 4.58 4.57 5.24 5. 1 1 5.08 5.22 5.23 5.22 5. 18 5.17 5.15 5. 14 5.09 6.78 6.64 6.60 6.76 6.76 6.77 6.71 7.52 7.49 7.51 7.59 7.60 7.60 7.56 7.55 7.56 7.55 7.52 22 6.68 6.70 6.70 6.61 29 * AVERAGES Of RATES AVAILABLE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis of LOUIS. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS NET TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 450 BILLIONS 445 436.9 438.2 439. 1 440.0 440.6 440 435 430 425 420 415 410 405 400 395 390 385 380 375 4 18 3 17 31 14 28 12 26 9 23 7 21 4 1 18 IS 29 13 27 10 24 8 22 5 19 JAN 2 16 2 16 30 13 2T FEB 1976 1977 LATEST DATA PLOTTED WEEK ENDING: APRIL 6, 1977 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' 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 8100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS. NET TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 4/7/76 7/7/76 9/8/76 12.9 13.8 14.3 15. 1 15. 1 14.7 14.5 14.2 16.0 16.4 17.2 16.9 16. 1 15.6 15.1 18.2 18.8 17.9 16.6 15.9 15.2 10/6/76 11/3/76 12/8/76 1/5/77 2/9/77 12.0 11.8 1 1.5 TO THE AVERAGE OF FOUR WEEKS ENDING: 9/ 10/ 11/ 12/ 1/ 2/ 3/ 4/ 8 8/76 6/76 3/76 8/76 5/77 9/77 9/77 6/77 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 18.9 17.7 16.2 15.3 14.7 17.7 15.7 14.8 14.2 13.5 12.9 12.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0 DEMAND DEPOSIT COMPONENT OF MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 245 BILLIONS 231.1 232.4 _ 240 232.6 231.2 235.9 APR 235 230 225 220 4 16 3 17 31 14 28 12 26 9 23 7 21 4 18 1 15 29 13 27 OCT 10 24 8 22 5 19 2 16 2 16 30 13 27 NOV 1977 1976 LATEST DATA PLOTTED WEEK ENDING: APRIL 6. 1977 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. DEMAND DEPOSIT COMPONENT OF MONEY STOCK COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS END 1NG: 4/7/76 7/7/76 9/8/76 10/6/76 11/3/76 12/8/76 5.1 5.3 6.2 4.8 5.9 4.8 4.6 4.9 5.2 6.8 4.6 6. 1 4.6 4.3 4.8 9.2 4.5 6.9 4.5 4.2 4.8 3.6 7.0 4. 1 3.8 4.5 4.9 1.9 2.0 3.2 4.6 3.9 5.0 1/5/77 2/9/77 TO THE AVERAGE OF FOUR WEEKS ENDING: 9/ 10/ 11/ 12/ 1/ 2/ 3/ 4/ 8/76 6/76 3/76 8/76 5/77 9/77 9/77 6/77 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -0.7 2.1 5.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS WEDNESDAY FIGURES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 80 78 76 74 72 70 68 66 64 62 60 58 56 54 1 18 3 17 31 14 28 APR 12 26 9 23 7 21 4 18 1 15 29 13 27 10 24 8 22 5 19 JAN MAY 2 16 2 16 30 13 27 FEB 1977 1976 LATEST DATA PLOTTED WEEK ENDING: APRIL 6, 1977 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF *100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS. 1977 FEB. MAR. APR. 2 9 16 23 2 9 16 23 30 6 13 20 27 CERT 1F1 CATES CERTIFICATES OF DEPOSIT OF DEPOSIT SEAS. ADJ. NOT SEAS. ADJ. 62.0 61.9 61.7 60.8 60.3 60.5 60.5 60.8 61.6 61.4 62.8 63.5 63.7 63. 1 62.7 62.4 62.0 61.8 62.5 62.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 10 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BORROWINGS FROM FEDERAL RESERVE BANKS ALL MEMBER BANKS IN THE NATION BILLIONS OF DOLLARS ^ 1.5 _L_LU_. J-l. 1.0 AVERAGES OF DAILY FIGURES _______ 1.5 I977 - MILLIONs. MAR. 9 --------- 20 24 10 23 30 APR. 6 13 1 1 1.0 339 58 65 39 . 0.5 _____ 0.5 - -L i i —1® -r FEB -LLLL 3 17 3 MAR -LLiJ _LLL -LLL1.. -LLL -LLL -LLLL -U.I. 9 12 21} JUN23 T 7\ A 1ft MAY 1 1 1 Jill 1 1 1 NOV DEC JAN 14 21 APR JUL AUG SEP 1976 LATEST DATA PLOTTED WEEK ENDING: APRIL 13, 1977 OCT -LLL -LLLL -LLL FEB MAR APR 1977 BUSINESS LOANS ( COMMERC!AL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED BILLIONS OF DOLLARS 124 wr uvu 124 - 122 122 120 120 118 * ^ 1 16 ' tmrn 1 18 116 114 - 114 112 112 —* 110 1 10 108 108 106 — — _ wuivn uuiucu «WUrtU HA [ES OF CHANGE, AVERAGE 01 "THE, FOUR *EEKS ENDIN1 ^ APRIL 6, 1977 FROM 102 — THE FOUR WEEKS ENDINtit 106 104 100 98 96 0 " FEB. 9, 1977 JAN. 5, 1977 DEC. 8, 1976 — NOV. 3, 1976 _ 0C1. 6, 1976 JUL. 7, 1976 ~ APR. 7, 1976 1 M 1 11 1 1 1 1 1 1 — — 4 18 3 17 31 ! 104 M 1 Ul- 1 UN? 9.4 6.1 3.7 6.1 8.6 5.2 1.9 I 1 1 1 14 28 12 MAR. 2 9 16 23 30 APR. 6 -LLLL -LLL -LLL -LLLL -LLL J-J-L -LLLL J-l 28 7 21 4 Ifi 1 1 9C 117,479 117,381 117,631 117,569 117,025 117,460 102 ~ 100 “ 98 ~ ~ 96 1 1 1 1 1 1-LL.I 1 1 1 1 1;s K 9 23 1976 LATEST DATA PLOTTED WEEK ENDING: APRIL 6, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis — JAN 1977 0 FEB MAR 1977 APR PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 Plin MEMBER BANK DEPOSITS SUBJECT TO RESERVE _REQU I REMENTS ( CREDIT .......... AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 570 r—--------,------------- ,------ http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis h'?U FR0M the four CREDIT ADJUSTED 1977 1977 1976 1976 1976 7, PROXY I.RQXL 9, 3, 8, 3, 6. BILLIONS OF DOLLARS —------------- -------- =i 570 1976 4.5 2.7 4.6 6.2 7.0 5.6 5.2 -CREDIT PROXY ADJUSTED 1/ > —' CREDIT PROXY BILLIONS PROXY CREDIT PROXY ADJUSTED 532.6 540.3 CREDIT 536. 1 535.3 533.7 539.1 ^ 18 FEB 3 17 31 MAR H 26 APR 12 26 MAY 9 23 JUN 7 21 4 JUL AUG 18 1 13 SEP OCT NOV JAN FEB 1976 LATEST DATA PLOTTED WEEK ENDING-. APRIL 6, 1977 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE. " OERTAIN’oTItR’NONDffOSiT^URttsP10'AL PAP“' EURODOLLAR BORROWINGS OF PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS