Full text of U.S. Financial Data : Week Ending: April 30, 1980

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Week ending: April 30r1980

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Most large commercial banks have lowered their prime lending
rateTrom 19.50 percent to 18.50 percent in the past week. This 100
basis point reduction in the rate represents the second decline in two
weeks and the largest one-week decrease in the post-war period.
The growth of business loans (commercial and industrial) at
large weekly-reporting commercial banks has decreased sharply in recent
months. Business loans at large commercial banks increased at a rate of
28.4 percent from the four weeks ending January 30 to the four weeks
ending February 27. In contrast, business loans increased at only a 0.4
percent rate during the period from the four weeks ending February 27
to the four weeks ending March 26. During the most recent four week
period for which data are available, business loans continued to grow at a
relatively slow rate of 0.1 percent.
Data on the growth of business loans at all commercial banks
reflect a similar decrease in recent months. As indicated in the table
below, the growth of business loans at all commercial banks has
decreased from a rate of 34.0 percent from January to February, to a
rate of 8.6 percent from February to March. The growth of total loans
at all commercial banks has also slowed in recent months. This decrease
reflects not only the slowing of business loans, but also a concurrent
decline in nonbusiness loans, such as consumer and real estate loans.

GROWTH RATES OF SELECTED LOANS
(Compounded annual rates of change; seasonally adjusted)

All commercial banks

Weekly-reporting large banks

Period*
10/31/79-11/28/79
11/28/79-12/26/79
12/26/80-1/30/80
1/30/80-2/27/80
2/27/80-3/26/80
3/26/80-4/23/80

Business
loans
-6.7 %
11.8
29.1
28.4
0.4
0.1

Period

Business
loans

Total
loans**

10/79-11/79
11/79-12/79
12/79-1/80
1/80-2/80
2/80-3/80

- 1.2 %
9.1
23.2
34.0
8.6

- 1.7 %
4.9
21.6
21.7
4.3

* Four-week averages ending these dates.
♦♦Excludes domestic interbank loans.


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

Prepared by Federal Reserve Bank of St. Louis
Released: May 2, 1980

1

2

ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

160
BILLIONS
MAR.

158

157.0
157.3
157.3
157.0
158. 1

26

156

157.4

154

2

MAR

18 50

IS 27

II

23

8 22

3

18

3

17 31

M 28

NOV

APR

LATEST DATA PLOTTED WEEK ENDING: APRIL 30,

12 28

9 23

8 20

5 19

FEB

DEC

MAR

2

16 30 l« 28

1980

THE ADJUSTED MONETARY BASE CONSISTS OF: ( 1 ) MEMBER BANK RESERVES AT THE FEDERAL RESERVE
BANKS, (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF
COtACftCIAL BANKS), AND ( 3 ) AN ADJUSTMENT FOR RESERVE REQUIREMENT RAT 10 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 MOf^TARY BASE IS AVAILABLE FROM
THIS BANK.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
5/2/79

8/1/79

10/3/79 10/31/79 11Z28/79

1/2/80

1/30/80

2/27/80

8.3
7.7
6.7

7.7
6.3

5.3

TO THE AVERAGE
OF FOUR WEEKS
ENOING:
10/ 3/79
10/31/79
11/28/79
1/ 2/80
1/30/80
2/27/80
4/ 2/80
4/30/80

9.9
9.9
9.0
9. 1
9.0
9.0
8.7
8.3


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

10.3
8.7
9.0
8.8
8.8
8.5
8.0

6.6
7.9
7.9
8.0
7.8
7.2

7.0
7.3
7.6
7.4
6.8

9.0
8.9
8.3
7.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED BANK RESERVES 1/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

52
BILLIONS.
48.5

MAR.
APR.

49.2

2

MAR

16 SO

IS 27 II

25

8 22

5

19

3 17 31

14 28

12 26

9 23

LATEST DATA PLOTTED WEEK ENDING? APRIL 23,

6 20

5 19

FEB

APR

MAR

2

16 30

14 28

1980

1/ ADJUSTED MONETARY BASE LESS CURRENCY HELD BY THE NONBANK PUBLIC (MEMBER BANK RESERVES AT
FEDERAL RESERVE BANKS < + > CURRENCY HELD BY COMMERCIAL BANKS).

ADJUSTED BANK RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE
4/25/79

7/25/79

7.5
8.2
7.8
9.4
8.7
7.6
7.5
8.0

6.2
6.1
8.9
8.0
6.5
6.5
7.3

AVERAGE OF FOUR WEEKS ENDING:

9/26/79 10/24/79 11/21/79 12/26/79

1/23/80

2/20/80

TO THE AVERAGE
OF FOUR WEEKS
ENDING-.
9/26/79
10/24/79
11/21/79
12/26/79
1/23/80
2/20/80
3/26/80
4/23/80


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

8.7
12.6
10.2
7.6
7.5
8.4

13.0
9.7
6.7
6.7
7.8

1 1 .6
7.0
6.9
8.2

0.0
2.5
5.2

2.4
6.0

10. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY STOCK ( Ml A )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
385

eiLUQNS
__ MAR

375.0
374.5
374.6
373.2
371.0
368.5

4

18

2

16 30

13 27

JUN

11

25

8 22

5

18

3

17 31

JUL

14 28 12 26

NOV

8 23

6 20

5

FEB

DEC

MAR

18

2

16 30 14 28

1980
LATEST DATA PLOTTED WEEK ENDING: APRIL 23, 1980
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
MIA CONSISTS OF CURRENCY AND COIN PLUS COMMERCIAL BANK DEMAND DEPOSITS HELD BY THE NONBANK
PUBLIC EXCLUDING THOSE HELD BY FOREIGN BANKS AND OFFICIAL INSTI TUT IONS.

MONEY STOCK ( MIA )
COMPOUNDED ANNUAL RATES OF CHANGE,
4/25/79

7/25/79

8.0
7. 1
7.0
6.5
6.3
7.0
6.0
4.6

5.7
5.8
5.3
5.3
6.3
5.0
3.3

AVERAGE OF FOUR WEEKS ENDING:

9/26/79 10/24/79 11/21/79 12/26/79

1/23/80

2/20/80

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
9/26/79
10/24/79
11/21/79
12/26/79
1/23/80
2/20/80
3/26/80
4/23/80


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

4. 1
3.9
4.2
5.9
4.2
2. 1

4.6
4.9
6.8
4.6
2. 1

4.3
7.0
4.3
1.3

9.3
4.6
0.7

4.3
-0.6

-6.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( MlB )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUS ItU

BILLIONS OF DOLLARS
400 ---------- .---------- 1--------

LLIONS OF DOLLARS
----------------------400

BILL IO.NS.
— MAR.
Z

APR.

391.9
391.3
391.7
390.9
389.2
386.9

I I I I
2 18 30

MAR

13 27 II

25

8 22

5

19

3 IT 3H

14 28 12 26

NOV

APR

DEC

9 23

6 20

5 19

FEB

MAR

2

18 30 14 28

1979
LATEST DATA PLOTTED WEEK ENDING: APRIL 23,

1980

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
MIB CONSISTS OF MIA PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITARY INSTITUTIONS.

MONEY STOCK (M1B>
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
4/25/79
7/25/79 9/26/79 10/24/79 11/21/79 12/26/79 1/23/80 2/20/80
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
9/26/79
10/24/79
11/21/79
12/26/79
1/23/80
2/20/80
4/23/80

9.3
8.2
7.8
7.4
7.3
7.7
6.8
5.6


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

6.8
6.4
6.0
6. 1
6.9
5.7
4.3

3.8
4.2
4.8
6. 1
4.7
3.0

4.9
5.4
6.9
5.1
3.0

5.7
7.6
5.1
2.7

9.2
5.2
2.1

4.5
0.7

—3.9

PREPARED BY FEDERAL RESERVE BANK OF ST.

5

LOUIS

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
2!.0 r—
20.0

18.0

16.0
PRIME BANK
LOAN RATE

14.0

90 DAY CD’S

12.0
COMMERCIAL PAPER
I 1.0

1 1.0
CORPORATE

10.0

BONDS

Cl PAL

2

16 50 13 27

APR

11

25

8 22

6 20

3

17 31

M 28

12 26

9 23

MAY

7 21

DEC

I

15 29 14 28 11

MAR.

APR.

MAY

7
14
21
28
4
1 1
18
25
2 *
9
16
23
30

90 DAY
CD'S
16.87
17.71
17.82
17.80
18.07
17.65
16.62
14.79
13.00

9 23

1980

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MAY 2.

1980

25

JAN

1979

PRIME
COMMERC1AL
PAPER KKX

PRIME
BANKERS’
ACCEPTANCES

16. 17
16.92
17.00
16.93
17.37
17.19
16.03
14. 19
12.41

16.59
17.24
17.22
17.29
17.51
17.12
16.06
14.39
12.59

CORPORATE
Aaa BONDS
13.00
13.00
12.83
13.00
12.95
12.57
11.87
11.51
11.45

CORPORATE
Baa BONDS
14.27
14.35
14.45
14.67
14.75
14.56
14.11
13.86
13.72

1980

MUNICIPAL
BONDS X***
8.94
9.08
9.20
9.44
9.44
9.07
7.89
8. 1 1
N. A.

* AVERAGES OF RATES AVAILABLE.
** BOND BUYER’S AVERAGE INDEX OF 20 MUNICIPAL BONDS. THURSDAY DATA.
30BK DATA ARE 4-MONTH COMMERCIAL PAPER RATES.
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 ENDED FRIDAY

PERCENT

20.0

19.0

16.0

17.0

17.0

16.0

16.0

FEDERAL FUNDS RATE

15.0

14.0

14.0

13.0
TREAS

12.0

11.0

11.0

10.0

10.0

DISCOUNT I

RATE

|

5-YEAR
TREASURY SECURITIES

9.0

8.0

2

16 50 13 27

APR

11

25

S 22

6 20

3 17 31

14 28

12 20

MAY

0 23

7 21

DEC

JAN

1979

1980

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MAY 2,

1980
MAR.

APR.

MAY

7
14
21
28
4
1 1
18
25
2 ft
9
16
23
30

FEDERAL
FUNDS ftft
16. 17
16.45
16.24
17.78
19.39
19.04
18.35
17.56
15. 12

3-MONTH
TREASURY
BILL
15.37
15.32
14.76
15.55
14.78
14.30
13.57
12.18
10.92

6-MONTH
TREASURY
BILL XXX
14.79
14.96
14.95
15.70
14.80
14.23
13.55
11.89
10.79

1-YEAR
TREASURY
BILL
13.94
13.92
13.89
14.39
13.90
13.11
11.97
10.80
10. 14

1980

5-YEAR
TREASURY
SECURITIES
13.65
13.22
13.21
13.83
13.29
12.57
11.67
11.08
10.76

LONG-TERM
TREASURY
SECURITIES
12.41
12.11
12.06
12.47
12.20
1 1 .6!
10.95
10.74
10.62

ft AVERAGES OF RATES AVAILABLE.
XX SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.9 RELEASE.
Xftft NEW ISSUE RATE
RATES ON LONG-TERM TREASURY SECURITIES ARE COMPUTED BY THE FEDERAL RESERVE BANK OF ST. LOUIS.
TREASURY BILL YIELDS ON DISCOUNT BASIS.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8

MULTIPLIERS x
CURRENCY OF MONEY STOCK MEASURES v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

MONEY MULTIPLIERS

BAT] a

INI

1 1 1 1 I I 1 1 1 1 1 1.1111
LATEST DATA PLOTTED WEEK ENDING: APRIL 23,

1980

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
112 --------- 1--------- 1------------ 1---------

112

COMPOUNDED ANNUAL R TES
OF CHANGE, AVERAGE F
- THE FOUR WEEKS END 1
APRIL 23, 1980 FROM
- THE FOUR WEEKS END 1 JG:

-

-

- FEB.
JAN.
- DEC.
NOV.
-

20,
23,
21,

1980
1980
1979
1979

JU L. 25 !
AP R. 25 ,

1979
1979

-

4. <
6.S
8.C
6.{
Q.<
8.'

26,

CURRE NCY

-

-

-

-

-

BILLIC

1980
MAF'■ 1$
APFl.

in -LULL 111

111

in.

1111

4

II

23 8 22

5 19

3

JUL

AUG
1979

S

18

APR

2

IS 30 IS 27

MAY

JUN

1111

LATEST DATA PLOTTED WEEK ENDING: APRIL 23.

17 31

OCT

1
in. 1 12 f 26.llLL
14 28
9 23
NOV

DEC

JAN

2

l

-

1111;
111 Lux Iiiii
8 20

3

FEB

MAR
1980

16 30 14 28

APR

MAY

1980

1/ RATIO OF MONEY STOCK (MIA) OR (M1B ) 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

DEMAND DEPOSIT COMPONENT OF MONEY STOCK (MIA)
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

IkLIQNS
265.9
265.6
265.6
264.3
262.5
259.6

APR.

I I I I
4

MAR

18

2

16 SO

APR

IS 27 II

JUN

25

8 22

5 19

3

17

SI

14 28

NOV

JUL

LATEST DATA PLOTTED WEEK ENDING: APRIL 23,

12 26

0 23

6 20

S

FEB

DEC

MAR

10

1980

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.

DEMAND DEPOSIT COMPONENT OF MONEY STOCK (Ml A )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
4/25/79

7/25/79

6.8
5.7
5.8
5.5
5.2
5.9
4.6
2.9

3.6
4.2
4.0
3.9
5. 1
3.4
1.3

9/26/79 10/24/79 11/21/79 12/26/79

1/23/80

2/20/80

2.0
-3.6

-10.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING*.
9/2B/79
10/24/79
1 1/21/79
12/26/79
1/23/80
2/20/80
3/26/80
4/23/80


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

3.0
3.2
3.2
5. 1
2.8
0.2

4.7
4.2
6.3
3.3
0,2

3.3
6.4
2.6
-0.8

8.1
2.3
-2.1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

SAVINGS PLUS SMALL TIME DEPOS ITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

455
BILLIONS
_

MAR.

16

441 .5
442.4
446.3
446.2
446. 1

425

420
415
410

4

IB

2

16 50

13 27

II

25

8 22

5

19

3

17 31

M

28

12

28

9 23

6 20

5

FEB

MAR

19

2

18 30

14

28

1979
LATEST DATA PLOTTED WEEK ENDING-. APRIL 23,

1980

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000.

SAVINGS PLUS SMALL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
4/25/79

7/25/79

11.1
10.2
10.0
9.5
9.2
9.3
8.8
9. 1

8. 1
8. 1
7.8
7.7
8.0
7.5
8.0

9/26/79 10/24/79 11/21/79 12/26/79

1/23/80

2/20/80

6.8
8.6

8.1

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
9/25/79
10/24/79
11/21/79
12/26/79
1/23/80
2/20/80
3/26/80
4/23/80


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

6.9
6.7
6.9
7.4
6.9
7.6

7.2
7.3
7.8
7. 1
7.9

6.9
7.7
6.8
7.9

8.5
7.0
8.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
ALL MEMBER BANKS IN THE NATION

MAR. 26
APR.
2

----- ------------ ------- 4-S

2660
2262

16
23
30

BILLIONS OF DOLLARS

AVERAGES OF DAILY FIGUKtS

BILLIONS OF DOLLARS
4.5 rz------- 1---------- 1-------Z 1280 MILLIONS

2276
2555
2664

I I I I
2 16 30 13 27 II

MAR

APR

MAY

JUN

JUL

25

8 22

AUG
1979

5 19

SEP

LATEST DATA PLOTTED WEEK ENDING: APRIL 30,

3

17 SI

OCT

14 28

NOV

12 26

9 23

6 20

3

FEB

DEC

MAR

19

2 16 30 14 28

1980

BUSINESS LOANS
( COMMERCIAL AND

BILLIONS OF DOLLARS

INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
164

COMPOUNDED ANNUAL RATES.
—OF CHANGE. AVERAGE OF
1“ THE FOUR WEEKS ENDING
— APRIL 23, I960 FROM
'
- THE FOUR'WEEKS ENDING:

162
160
158

_ FEB. 20,
_JAN. 23,

_UCV. .
_ NOV. 21 ,
_ OCT. 24,
JUL. 25,
~ APR. 25,

I960
1980
14.4
1979
1979
1979
1979

154
13.0

152
150
148
146
144
142

MILLION?

140
138

MAR. I
APR.

2

161,004
160,058
161,535

136
134

159,785
II I I
2

16 30 13 27

II

23

8 22

3 19

3 17 31

14 28

NOV
LATEST DATA PLOTTED WEEK ENDING: APRIL 23,


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

12 26

DEC

9 23

I I I I I I I I I I I 1 LL11
6 20

3 19

FEB

2

16 30 14 28

MAR

I960
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

132

0

12

LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
ILL IONS OF DOLLARS

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSIbD

ILL IONS OF DOLLARS
—------------ ---------- 204

BILLIONS

4 IB

2 16 30 13 27 II 25

6 22

3 IB

3 17 31

14 28 12 26
NOV
DEC

1979

S 23

6 20

3 18
1980

LATEST DATA PLOTTED WEEK ENDINGt APRIL 23. 1980
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.8 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100.000 OR MORE.


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

PREPARED BY FEDERAL RESERVE BAT* OF ST. LOUIS

r