Full text of U.S. Financial Data : Week Ending: August 1, 1979

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

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d

Week ending: August 1, 1979

During the past week, most large commercial banks
raised their prime bank loan rate from 11.50 to 11.75 percent,
reversing the 25-basis-point decrease of June 19.
The interest
rates on some types of bank loans (called floating-rate loans)
are adjusted to changes in the prime rate while these loans are
outstanding.
Therefore, the recent increase in the prime rate
raises
the
interest
rates
on
both
new
bank
loans
and
floating-rate loans.
Generally, the proportion of floating-rate loans tends
to be higher at larger banks.
About 57 percent of the
short-term commercial and industrial loans and 87 percent of
the construction and land development loans made by large banks
in a recent loan survey were at floating rates, compared to 37
percent of these loans at other banks.
Although the proportion
of such loans tends to be higher for larger loans, in the past
year the 48 large banks in the survey increased the proportions
of many of the smaller loans made at floating interest rates.
Fot
example,
large
banks
increased
the
proportion
of
floating-rate short-term commercial and industrial loans in
each size category up to $1 million.
Proportion of Loans Made with Floating Interest Rates*
SIZE CLASS
OF LOANS
(Thousands
of Dollars)

SHORT-TERM COMMERCIAL
AND INDUSTRIAL LOANS
48 Large
Banks

Other
Banks

CONSTRUCTION & LAND
DEVELOPMENT LOANS
48 Large
Banks

Other
Banks

1978

1979

1978

All Sizes

66.4%

57.4%

46.5% 36.9%

82.3% 87.4%

25.3% 36.7%

$1-24
$25-49
$50-99
$100-499
$500-999
$1,000 &
Over
$500 & Over

44.3
54.6
55.3
62.9
65.0
68.8

53.3
61.7
65.7
64.1
72.9
54.7

30.8
30.1
50.6
59.3
41.3
51.4

82.8
83.4
89.5
92.6

82.9
84.4
83.1
89.8

11.7
9.2
33.9
15.9

23.8
15.9
41.6
29.1

75.1

87.2

65.8

59.6

1979

17.8
20.0
19.6
41.3
59.0
61.9

1978

1979

1978

1979

‘Survey periods are May 1-6, 1978, and May 7-12, 1979.


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

Prepared by Federal Reserve Bank of St. Louis
Released: August 3, 1979

1

2

ADJUSTED MONETARY BASE
AVERAGES OF

— JUN.
_ JUL.

BILLIONS OF DOLLARS
------------------------------ 154

147.2
147.7

27

148. 1
148.5
148.3

AUG.

2

JUN

DAILY FIGURES

SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
154 ---------- 1---------- .--------

18 30

JUL

13 27

SEP
1978

II

25

8 22

6 20

7 31

3

14

28

FEB

OCT

14 28

MAR

11

25

9 23

6 20

4

18

1

15

29

APR

LATEST DATA PLOTTED WEEK ENDING*. AUGUST 1, 1979
TMF ADJUSTED MONETARY BASE CONSISTS OF: ( I ) MEMBER BANK RESERVES AT THE FEDERAL RESERVE
oikve
riWRFKTY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF
COMMERCIAL BANKS), AM) ( 3 ) AN ADJUSTMENT FOR RESERVE REQU'r1 ° Rata^rf COMPUTED
MAIM SOURCE OF TfE 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.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

8/2/78

11/1/78

1/3/79

1/31/79

2/28/79

4/4/79

5/2/79

5/30/79

9.4
8.8
8.2
7.3
7.8
7.3
7.8
7.9

6.7
6.2
5.3
6.2
5.7
6.7
7.0

5.1
4.0
5.7
5. 1
6.6
6.9

3.3
5.7
5.0
6.7
7. 1

6.2
5. 1
7.2
7.6

7.0
9.2
9.2

8.2
8.5

11.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/ 3/79
1/31/79
2/28/79
4/ 4/79
5/ 2/79
5/30/79
7/ 4/79
8/ 1/79


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MULTIPLIER v
ADJUSTED FEDERAL RESERVE CREDIT*/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
2.9

RATIO
2.9

MULT PLIER
\___

■ V

■-------- sj r *6,
A.

■r-'V
V

Liza

BALI

2.3

JUN
JUL

111

1111

.1.11

1 1-L. .1.1

1 1

■ 11

LATEST DATA PLOTTED WEEK ENDING) JULY 25,
BILLIONS OF DOLLARS
132
II

-

124

MAY
MAY

- FEB.
JAN.
■-----NOV.
_ AUG.

III

1 1 1 ■J 1 1

3C ,
,

1979
1979
1979
1979
1978
1978

i i ' 1 i i i 1 i i i i!

1111

130
USTED FEDERJ L RES

128

7.
6.

,
,
,
,

k

/]

126
-

~y^

8.

124

V
-

122

122
-

-

120

120
-

r-A-

1 18
116

£:

v

27

AUG.

—

JUN.
JUL .

T

5i 11

27.3

A
if
U is

-LLLL. -L.U J_LL

iiii

|

-

_LLL _LLLL

AUG

1/ RATIO OF MONEY STOCK I Ml ) / ADJUSTED MONETARY BASE
2/ F5?E5£Jv£E?!5yi.CRED.!T CONSISTS of FEDERAL RESERVE HOLDINGS OF SECURITIES LOANS FLOAT
ANCCTHER 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.
DATA ARE C0MPUTE6 BY THIS BANK^
RE


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

116
114

28

1 1 1 1 1 1 1 1 1 ( l i
1 1 1
! 1 1
1 1 1
7 21
2 16 30 13 27 II 25 9 22 e 20 3 17 31 14 2 1 M 2S 11 2S 9 23 S 20 4 It
JUN
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
1978
1979
LATEST DATA PLOTTED WEEK ENDING) AUGUST 1, 1979
111
5 19
JUL

118

billions

1979

114
0

2.2

BILLIONS OF DOLLARS
132

10.
7.

28
31
1
2

ll ~

1979

II

COMPOUNDED ANNUAL RATES
-----OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
” AUGUST 1, 1979 FROM
___THE FOUR WEEKS ENDING: _

126

-U.1.L ■

A

4

MONEY STOCK PLUS NET TIME DEPOSITS (M2)
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
925 F------- ,---------- 1--------

BILLIONS OF DOLLARS

-------- ----- =1

BILLIONS.
904.6
905.8
909.0
913.9
914.9
914.3

I I I I
5

JUN

19

2 16 30 13 27 II

JUL

SEP
1978

25

8 22

B 20

3 17 31

14 28 14 28 11

FEB

OCT

MAR

25

9 23

6 20

4

JUN

APR

JUL

18

LATEST DATA PLOTTED <*EK ENDING: JULY 25. 1979
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.

MONEY STOCK PLUS NET TIME DEPOSITS (M2)
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING-.
7/26/78

10/25/78 12/27/78

1/24/79

2/28/79

3/28/79

4/25/79

5/23/79

2.7
6.0
6.3
8.0
8.8

8.8
8.3
9.9
10.5

10.4
11.7
12. I

10.9
1 l .6

13.7

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/27/78
1/24/79
2/28/79
3/28/79
4/25/79
5/23/79
6/27/79
7/25/79

7.8
6.6
5.8
5.6
6.4
6.5
7.2
7.7


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

2.6
2.3
2.7
4.3
4.7
5.9
6.7

1.0
1 .9
4.6
5. 1
6.7
7.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

925

MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
StASUNALLY ADJUSTED

BILLIONS OF DOLLARS
385 ---------- 1---------- ---------

BILLIONS OF DOLLARS
------------------------------ 385

RILL IONS
368.8
368.7
372.6
371.4

JUN

JUL

AUG

SEP
1978

OCT

NOV

DEC

JAN

6 20

FEB

MAR

4

It

APR
1979

LATEST DATA PLOTTED WEEK ENDING: JULY 25,

1979

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
THE MOWY STOCK CONSISTS OF DEMANO DEPOSITS PLUS CURRENCY Al* COIN ICLD BY THE NONBANK PUBLIC

MONEY STOCK 1 Ml

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/27/78
1/24/79
2/28/79
3/28/79
4/25/79
5/23/79
6/27/79
7/25/79

COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS
ENDING:
7/26/78
10/25/78 12/27/78 1/24/79 2/28/79 3/28/79 4/25/79
5/23/79

4.5
3.4
2.0
2. 1
3.4
3.5
4.6
4.9


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

-1 .0
-2.0
-1.2
1.2
1.6
3.4
4.0

-3.6
-1.8
2.0
2.5
4.7
5.3

-1.4
3.5
3.7
6.1
6.5

8.8
7.3
9.4
9.4

9 8
11.6
11.0

99
9^7

12. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED

FRIDAY

PERCENT
2.5

12.0

PRIME BANK
LOAN RATE

11.5

11.5

1 1 .0
10.5

90 DAY CD'S!

10.0

COMMERCIAL PAPER

9.5
CORPORATE

Aaa

BONOS
9.0

8.5
8.0
7.5
7.0
MUNICI
6.5
6.0

5.5
0
2

10 30

14

28

11

25

8 22

6 20
OCT

3 17
NOV

1

15 29

12
9
JAN 26 FEB

23

9

23

6 20 MAY
4 18
APR
1979

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. AUGUST 3.

1979
JUNE

1
8
15
22
29
JULY
6
13
20
27
AUG.
3 X
10
17
24
31

1979

90 DAY
CO* s aaac

PRIME
COMMERCIAL
PAPER
4-6 MONTH

PRIME
BANKERS1
ACCEPTANCES

CORPORATE
Aaa BONDS

MUNICIPAL
BONDS sac

10.08
10.09
9.99
9.90
9.89
9.04
9.94
10. 10
10.29
10.23

9.91
9.88
9.71
9.61
9.61
9.62
9.75
9.83
9.98
9.97

9.93
9.90
9.73
9.76
9.72
9.73
9.94
10.03
10.17
10. 12

9.48
9.41
9.25
9.23
9.23
9. 16
9. 17
9. 19
9.23
9.27

6. 16
6.09
6. 1 1
6. 18
6. 12
6.08
6. 1 1
6. 15
6. 19
N.A.

w AVERAGES OF RATES AVAIl ABLE
S»B|Ke0N^Ry'SA^|E<;^|XCoSEJ? SXrKETMtIsFoA fiTSS EStfw WEDNESDAY TWO DAYS
EARLIER THAN DATES SHOWN
N.A. - NOT AVAILABLE


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

CUHRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE.
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
11.5 r-

PERCENT
—I II .5

10.5
l

FEDERAL FUWJS RATE

10.0

r-j
DISCOUNT RATE

3-5 YEAR
TREASURY SECURITIES

THREE-I >NTH TREASURY
1KET YIELD

2

18 30

14

JUL

26

i

25

8 22

AUG

8 20

3

OCT

NOV

17

I

IS 28

12

26

JAN

Q 23

S

23

6 20

4

18

FEB

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING; AUGUST 3,

1979

—

1979
JUNE

1
8
15
22
29
JULY
6
13
20
AUG.

27

3 X
10
17
24
31

FEDERAL
FUNDS XX

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL *K»

1-YEAR
TREASURY
BILL

3-5 YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

10.28
10. 23
10.23
10.28
10.32
10.42
10.28
10.35
10.63
10.75

9.55
9.36
8.97
8.96
8.83
9. 10
9.28
9.31
9.28
9.14

9.41
9.43
9.05
8.87
8.90
8.87
9. 16
9.26
9.47
9.30

9.05
8.94
8.74
8.84
8.64
8.70
8.79
8.93
9.00
8.93

9.08
8.97
8.85
8.93
8.78
8.71
8.82
8.91
9.00
9.00

8.98
8.90
8.81
8.85

* AVERAGES OF RATES AVAILABLE.
** s£)£!ki>AY
Inding Wednesday two days earlier
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE.
*1181 NEW

than date

8.74
8.82
8.88
8.90
8.90

SHOWN.

ISSUE RATE


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

couputed by the feoeral reserve

BANK OF ST, LOUIS.

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8

NET TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
550

BILLIONS

540

— JUL

545

535.8
537. I
539.2
540.4
542.3
542.8

540
535
530
525
520
515
510
505
500

I I I I

I I I I
4

SEP

28

14

26

11

25

9 23

B 20

4

JUN

OCT

JUL

18

1979
LATEST DATA PLOTTED WEEK ENDING: JULY 25,

1979

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
* NET TI ME 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 BAMS.

NET TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
7/26/78

10/25/78 12/27/78

AVERAGE OF FOUR WEEKS ENDING:

1/24/79

2/28/79

3/28/79

4/25/79

5/23/79

5.7
7.7
8. 1
9.3
10.3

8.7
8.9
10.2
11.4

10.8
11.8
12.9

11.5
13.0

14.7

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/27/78
1/24/79
2/28/79
3/28/79
4/25/79
5/23/79
6/27/79
7/25/79

10.2
8.9
8.5
8. 1
8.5
8.6
9. 1
9.6


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

5.2
5.5
5.4
6.5
6.8
7.7
8.6

4.3
4.6
6.4
6.9
8.1
9.2

PREPARED BY FEDERAL RESERVE BAM OF ST. LOUIS

.

DEMAND DEPOSIT COMPONENT OF MONEY STOCK
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
280 ---------- ,---------- 1--------

LLIONS OF DOLLARS
1---------- -------------- 280

billions

266.8
267.9
271.5
270.3
268.9

5

JUN

19

JUL

2

16 30

13 27

AUG

SEP

11

OCT

25

8 22

NOV

6 20

DEC

3

17 3!

JAN

FEB

MAR

JUN

JUL

1978
LATEST DATA PLOTTED WEEK ENDING: JULY 25.

1979

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

DEMAND DEPOSIT COMPONENT OF MONEY STOCK
COMPOUNDED ANNUAL RATES OF CHANGE,
7/26/78

10/25/78 12/27/78

1/24/79

AVERAGE OF FOUR WEEKS END 1NG-.

2/28/79

3/28/79

4/25/79

5/23/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/27/78
1/24/79
2/28/79
3/28/79
4/25/79
5/23/79
6/27/79
7/25/79

2.2
0.8
-1 .0
-0.7
1 . 1
1.3
2.7
3.3


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

-4.7
-6. 1
-4.0
-1 .6
-1.0
1.3
2.2

-8.3
-5.5
-0.3
0.3
3.2
4.0

-5.0
1.7
2.0
5.1
5.8

9.4
7.2
9,9
9.8

10. 4
12.7
12.0

10.3
10.1

13.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

CURRENCY COMPONENT
OF MONEY STOCK
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

ILL IONS OF DOLLARS
106

BILL i QMS.
101.4

101 .8

101 .9

102.0

102.6

I 11 I
7

21

JUN

5

10

JUL

2

10 30

13 27

SEP

II

OCT

25

8 22

6 20

LATEST DATA PLOTTED WEEK EWING: JULY 25.

3

17 31

14 28

FEB

14

MAR

28

II

25

« 23

ft 20
JUN

4 18
JUL

1079

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

CURRENCY
COMPOUNDED ANNUAL RATES OF CHANGE ,
7/26/78

10/25/78 12/27/78

AVERAGE OF FOUR WEEKS ENDING:

1/24/79

2/28/79

3/28/79

4/25/79

5/23/79

8.5
8.0
8.0
8.4
8.5

7.5
7.7
8.3
8.5

7.4
8.3
8.5

9.0
9. 1

9.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/27/78
1/24/79
2/28/79
3/28/79
4/25/79
5/23/79
6/27/79
7/25/79

1 1 .0
11.0
10.7
10.4
10.0
9.8
9.8
9.8


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

10.0
9.6
9.4
9.0
8.8
9.0
9.0

9.9
9.4
8.7
8.6
8.8
8.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
ALL MEMBER BANKS IN THE NATION
BI LI IONS OF DOLLARS
3.5 ----------,---------- 1------------ ISIS MILLIONS

z

.

LLLL

1587
1676
941
1181
1292
946

z
1 .0
0.5

\L \Ad L\L

-L-L.1 -Li 1.
7 21 S IB
JUN
JUL

3.0
2.5

A

7

—Ni

1 .5

0

3.5
E

IN I

2.0

billions of dollars

V

y~

-J

J \V/

sr

1111 -LLL -LLL 1111 -LLL -LLLL
2 18 30 13 2
AUG
SEP
OCT
NOV
DEC
JAN
FEB
1978

III

11

111

MAR

APR

i

L L L L . LLLL. LLLL

2.5

— JUN. 27
- JUL.
4
Z
11
—
18
25
Z AUG.
1

DAILY FIGURES

.f

3.0

AVERAGES OF

2.0
1.5

1 .0
0.5

1111

MAY
1979

111

111 _L 1 1 L

JUN

JUL

AUG

LATEST DATA PLOTTED WEEK ENDING: AUGUST I, 1979

BUSINESS LOANS

( COMMERCIAL AND INDUSTRIAL )

BILLIONS OF DOLLARS
150

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED
BILLIONS OF DOLLARS
150

COMPOUNDED ANNUAL RA TES
— OF CHANGE.AVERAGE 0F —
_ THE FOUR WEEKS END INIG
JULY 25. 1979 FROM
— THE FOUR WEEKS END IN
144
142
140

__MAY
APR.
“ MAR.
— FEB.
_ JAN.
OCT.

23. 1979
25, 1979
28, 1979
28, 1979
24, 1979
25, 1978

148

7^

26.1
26.0
27.9
22.6
23.1
18.0

146
-

T7

-

^7

140

-

-

138
136

138

-

-

136

-

-

134

134

-

-

132

132

-

-

130
1075
128
126

111 -LLL 1

1 1 1

1 1 1 1

1 1 1

1 1 1

— JUN. 20
143,209
27
143,872
4
144,905
11
145,951
18
146,276
25
146,682
1 1 1 jiii -LIJ 1 1 1 1 1 1 1 1

OCT

DEC

JAN

FEB

MAR

APR

-

124
0

'!

1 1

JUN

-Li! J-LLL 1 1 1
JUL

AUG

20

SEP
1978

-

MILLIONS

NOV

MAY
1979

JUN

4

IB

JUL

I

130

~
_

128

“
18

15

AUG

LATEST DATA PLOTTED WEEK ENDING: JULY 25, 1979


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

126
124
0

12
CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
WEDNESDAY FIGURES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

ILL IONS

104
102
100

84
82
80

SEP
1978

FEB

OCT

LATEST DATA PLOTTED WEEK ENDING-.

JULY 25,

MAR

APR

1979

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 BAM< OF ST. LOUIS