Full text of U.S. Financial Data : Week Ending: August 15, 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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Week ending: August 15, 1979
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Library

The amount of funds that commercial banks have attracted from
the nonbank public through security repurchase agreements (RPs) has grown
rapidly in recent years.
According to the Federal Reserve Board's
recently-constructed monthly series on RPs, all commercial banks had an
estimated average of $46 billion of RPs outstanding in the first five
months of 1979.
As shown in the table below, this is slightly more than
three times the amount of RPs outstanding in 1975.
RPs are a nondeposit
source of funds available to member banks that are not subject to reserve
requirements and, until recently, were not subject to interest rate
ceilings.
Deposit sources of funds, on the other hand, are subject both
to reserve requirements and, except for large negotiable certificates of
deposit, to interest rate ceilings.
Effective August 1, 1979, however, the Federal Reserve Board and
the FDIC amended their regulations, making a portion of commercial bank
RPs subject to interest rate ceilings.
Specifically, only RPs of O.S.
Government and agency securities in amounts of less than $100,000 which
are issued for terms of 90 days or more are now subject to deposit rate
ceilings. The ceiling rate on these RPs will be the same as that on time
deposits in amounts of less than $100,000 with similar maturities.
For
example, RPs with a maturity of between 90 days and one year are subject
to a ceiling interest rate of 5.50 percent, the ceiling rate on the
comparable time deposit category.
RPs issued in amounts of more than
$100,000, and those with terms to maturity of less than 90 days
(regardless of denomination) will remain exempt from interest rate
ceilings. This recent change will be phased in over a three-year period.
ESTIMATED SECURITY REPURCHASE AGREEMENTS OF ALL
COMMERCIAL BANKS WITH THE NONBANK PUBLIC
(Seasonally Adjusted Data; Billions of Dollars)
1974 June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1975 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1976 Jan.

$17.5
17.3
17.1
16.9
16.4
16.3
14.8
14.0
15.2
14.7
15.1
14.8
15.2
15.9
14.9
16.7
16.6
16.2
15.5
16.6

1976 Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1977 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.

$17.6
18.0
19.1
21.7
21.5
21.4
24.9
23.5
23.2
24.1
27.9
26.3
26.3
27.3
27.1
29.3
30.2
30.5
30.9
31.4

1977 Oct.
Nov.
Dec.
1978 Jan.
Feb.
Mar.
Apr .
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1979 Jan.
Feb.
Mar.
Apr.
May

$32.4
33.5
36.3
■ 36.3
36.2
37.2
36.6
35.6
34.7
36.0
37.2
36.5
39.7
41.7
43.8
44.7p
45.3p
46.8p
47.9p
47. Ip

P - preliminary


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

Prepared by Federal Reserve Bank of St. Louis

Released: August 17, 1979

2

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

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

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

BILLIONS
JUL.

147.4
148.1
148.5
148.4
148.7
149.2

— AUG.

I I I I
S

JUN

19

JUL

2

IA 50

AUG

15 27

II

25

A 22

SEP
1978

6 20

5

OEC

17 51

JAN

14 2S

FEB

14

28

MAR

I

25

APR

0 23

A 20

4

18

I

15 29

MAY
1979

LATEST DATA PLOTTED WEEK ENDING: AUGUST 15, 1979
THE ADJUSTED MONETARY BASE CONSISTS OF: < 1 ) MEMBER BANK RESERVES AT THE FEDERAL RESERVE
BAM<S. (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF
COMMERCIAL BANKS), ANO <3» AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO 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 MONETARY BASE IS AVAILABLE FROM
THIS BANK.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
8/16/78

11/15/78

1/17/79

2/14/79

3/14/79

4/18/79

5/16/79

4.6
4.6
5.7
5.3
6,8
7.3

4. 1
5.7
5.2
7.1
7.5

6.6
5.7
7.8
8.2

6.5
9.2
9.4

9.1
9.4

6/13/79

TO THE AVERAGE
OF FOUR WEEKS
END 1 NG -.
1/17/79
2/14/79
3/14/79
4/18/79
5/16/79
0/13/79
7/18/79
8/15/79

9. 4
8.8
8. 1
7.5
7.7
7.3
8.0
8. 1


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

6.4
5.7
5.4
6.0
5.7
6.8
7. 1

12. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MULTIPLIERi/
ADJUSTED FEDERAL RESERVE CREDIT*/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
2.9

RATIO
2.9

MULT PLIER

Laza

2.3

JUL .

if4
18
AUG •
i
“ill _LLL ■ ULI .Ml

1 1 1

1 1 1 1 -LI 1

LATEST DATA PLOTTED WEEK ENDING: AUGUST 8,

1 Li 1

1U

1 1 1 .III

1 1 1 1

RATI 2.

f| A
|
2.2

IIS

11111111

l979

BILLIONS OF DOLLARS
132 ---------- 1---------- ,--------

BILLIONS OF DOLLARS
----------------- -------------- 132

COMPOUNDED ANNUAL RATES
-----OF CHANGE. AVERAGE OF
THE FOUR &EEKS ENDING
“ AUGUST 15. 1979 FROM
___THE FOUR *EEKS ENDING:
ADJUSTED FEDERAL RESERVE CREDIT
-

JUN.
MAY
— APR.
- MAR.
FEB.
— NOV.
_ AUG.

13,
16,
18,
M,
14,
15,
16,

1979
1979
1979
1979
1979
1978
1978

13.0
9.5
9.3
7.7
7.4
8.1
9.3

lsza

BILLIONS

11111111111111111
5

JUN

19

JUL

2

16 30 13 27 II

SEP

25

8 22

8 20

3

\T 31

OCT

14 28

FEB

LATEST DATA PLOTTED WEEK ENDING: AUGUST 15,

14 28

MAR

II

25

APR

0 23

6 20

JUN

IS 29

JUL

1979

1/ RATIO OF MONEY STOCK <Ml ) / ADJUSTED MONETARY BASE


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

52S!

arescomputI6

Ith

§wl

PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

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

BILLIONS OF DOLLARS

billions of dollars

-=n 925

909.0
913.7
914.6
914.0
916.6
919.8

AUG.

I I I I
2

JUN

16 30

JUL

13 27

SEP

11

25

8

22

8 20

3

IT 31

OCT

14

28

FEB

LATEST DATA PLOTTED WEEK ENOING: AUGUST 8,

14

28

MAR

II

25

B

23

APR

0 20

4

JUN

JUL

18

1979

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

MONEY STOCK PLUS NET TIME DEPOSITS (M2)
COMPOUNDED ANNUAL RATES OF CHANGE,
8/9/78

11/B/78

1/10/79

2/7/79

1 .7
2.2
3.0
4.8
5. 1
6.4
6.9

1.3
3.0
5.8
6.0
7.6
8.2

5.0
8. 1
7.7
9.3
9.7

AVERAGE OF FOUR WEEKS ENDING:
3/7/79

4/11/79

5/9/79

6/6/79

11.0
11.4

13.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/10/79
2/ 7/79
3/ 7/79
4/11/79
9/79
6/ fl/79
7/11/79
8/ 8/79

7. 1
5.8
5.5
5.6
6.5
6.6
7.4
7.7


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

9.9
8.9
10.5
.0.8

10.9
12.3
12.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
385

__ JUL.

375

9 19

JUN

2

16 90 13 27

JUL

SEP

II

25

9 22

0 20

3 17 51

OCT

14 28 M 29 II

FEB

LATEST DATA PLOTTEO WEEK ENDING) AUGUST 8,

MAR

25

9 23

APR

9 20

A

JUN

JUL

18

1

15 29

1979

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.B 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
8/9/78

11/8/78

1/10/79

2/7/79

AVERAGE OF FOUR WEEKS ENDING:
3/7/79

4/11/79

5/9/79

8/6/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/10/79
2/ 7/79
3/ 7/79
4/11/79
5/ 9/79
8/ 8/79
7/11/79
8/ 8/79

4.2
2.3
1.9
2. 1
4.0
3.8
4.7
4.9


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

-2.2
-1.9
-0.7
2.5
2.5
3.9
4.2

-4.2
-1.3
3.6
3.4
5. 1
5.4

1.6
7.3
6.2
7.6
7.6

11.1
8.4
9.5
9.2

1 1.5
11.9
10.9

8.0
7.9

10.4

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

12.0

1 1 .5

1 1.5

1 I .0

1 1 .0

10.5

90 DAY CD* S**#

10.0

10.0

COMMERCIAL PAPER

9.5
CORPORATE AAA BONDS
9.0
8.5

8.0
7.5
7.0
MUNICI PAL
BONDSmm

6.5

6.0
5.5
INI
2

16 30 14 28 II

JUL

25

22

AUG

6 20

3

OCT

NOV

17

1

15 29

12 28

JAN

8 23

8 23

FEB

6 20

4 18

APR

MAY

I

15 29 13 27

1978
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: AUGUST 17,

1979
JUNE

1
6
15
22
29
JULY
6
13
20
27
AUG.
3
10
17 *
24
3!

1979

90 DAY
CD* S «*»

PRIME
COMMERC1AL
PAPER
4-6 MONTH

PRIME
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

MUNICIPAL
BONDS **

10.08
10.09
9.99
9.90
9.89
9.84
9.94
10. 10
10.29
10.23
10.25
10.53

9.91
9.88
9.71
9.61
9.61
9.62
9.75
9.83
9.98
9.98
10.07
10.25

9.93
9.90
9.73
9.76
9.72
9.73
9.94
10.03
10. 1 7
10. 1 1
10.27
10.58

9.48
9.41
9.25
9.23
9.23
9. 16
9. 17
9. 19
9.23
9.24
9.20
9.21

6. 16
6.09
6. 1 1
6. 18
6.12
6.08
6.11
6.15
6. 19
6. 1 4
6.13
N.A.

EARLIER THAN DATES SHOWN.
N.A. - NOT AVAILABLE


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

10 24

JSTSS
WEDNESDAY TWO DAYS
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS H.9 RELEASE.
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
1 1.5

i i.o

10.5
'

FEDERAL FUNDS RATE

DISCOUNT RATE

3-5 YEAR
TREASURY SECURITIES

THREE-MONTH TREASURY
BILL MARKET YIELD

I I I I
2 10 30 14 28 11

JUL

25

8 22

AUG

\T

6 20

3

OCT

NOV

I

15 29

12

28

JAN

9 23

9

23

0

20

4

18

FEB

1978

1979

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: AUGUST 17,

1979
JUNE

1
8
15
22
29
JULY
6
13
20
AUG.

27

3
10
17 w

1979

FEDERAL
FUNDS ww

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
B1LL WWW

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
10.67
10.80

9.55
9.36
8.97
8.96
8.83
9. 10
9.28
9.31
9.28
9.23
9.40
9.50

9.41
9.43
9.05
8.87
8.90
8.87
9.16
9.26
9.47
9.30
9.32
9.48

9.05
8.94
8.74
8.84
8.64
8.70
8.79
8.93
9.00
8.93
8.95
9.12

9.08
8.97
8.85
8.93
8.78
8.71
8.82
8.91
9.00
8.98
8.95
9.02

8.98
8.90
8.81
8.85
8. 76
8.74
8.82
8.88
8.90
8.86
8.85
8.87

24

31

_

.

* AVERAGES OF RATES AVAILABLE.
** SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.9 RELEASE.
WWW 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. LOUS

7

8

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

BILLIONS OF DOLLARS
550 r---------1---------- 1--------

BILLIONS OF DOLLARS
---------------------------- =] 550

BILLIONS
539.2
540.4
542.7
544.3
546.5

AUG.

9

JUN

10

JUL

2 16 30 19 27

AUG

SEP
1978

II

25

OCT

8 22

NOV

B 20

3 17 31

DEC

LATEST OATA PLOTTED WEEK ENDING: AUGUST 8,

JAN

14 28 14 28 11

FEB

MAR

25

APR

0 23

MAY
1979

fl 20

4

JUN

JUL

18

1

15 29

1979

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.8 RELEASE.
« NET TIME DEPOSITS ARE DEFINED ASs 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,
8/9/78

11/8/78

1/10/79

4.5
5. 1
5.6
6.5
7.0
8.2
8.8

5.4
6.2
7.4
7.9
9.3
10. 1

AVERAGE OF FOUR WEEKS ENDING:

2/7/79

3/7/79

7.4
8.6
8.9
10.4
11.1

9. 1
9.4
11.1
11.8

4/11/79

5/9/79

6/6/79

13.2
13.7

15.4

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/10/79
2/ 7/79
3/ 7/79
4/11/79
5/ 9/79
6/ 6/79
7/11/79
8/ 8/79

9.2
8.3
8.2
8. 1
8.4
8.5
9.3
9.7


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

10.7
12.6
13. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

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

BILLIONS OF DOLLARS
280 ---------- .---------- ,--------

BILLIONS OF DOLLARS

-------- ------

267.9
271.3
270.2
268.6
AUG.

*

JUN

16 30

13

27

II

25

8 22

8

20

3

17 31

JUL

14

28

FEB

4

28

11

23

9

23

8

MAR

20

JUN

4

18

JUL

1979
LATEST DATA PLOTTED WEEK ENDING: AUGUST 8,

1979

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.8 RELEASE.

DEMAND DEPOSIT COMPONENT OF MONEY STOCK
COMPOUNDED ANNUAL RATES OF CHANGE,
8/9/78

11/8/78

1/10/79

AVERAGE OF FOUR WEEKS ENDING:

2/7/79

3/7/79

-0.4
7.3
5.4
7.4
7.2

12.6
8.4
10. 1
9.3

4/11/79

5/9/79

12.3
13.2
1 1.5

7.6
7. 1

6/6/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING-.
1/10/79

2/ 7/79

3/ 7/79
4/11/79
5/ 9/79
6/ 6/79
7/11/79
8/ 8/79

1.9
-0.7
-1 . 1
-0.6
1.9
1.7
2.9
3.2


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

-6.5
-5.9
-4. 1
0.2

0. 1
2.0
2.4

-9.0
-4.8
1.9
1.4
3.8
4. 1

10.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

2*0

10

CURRENCY COMPONENT
OF MONEY STOCK
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
106

BILLIONS
101 .9

102.0
102.3
AUG.

102.6
103.0
103.3

92

■LLli INI
JUN

s 19
JUL

2 16 SO 13 27 II

SEP

25

8 22

6 20

3 17 31

OCT

14 28 14 28 1 I 23
FEB
MAR
APR

0 23

6 20
JUN

4 18
JUL

LATEST DATA PLOTTED WEEK ENDINGt AUGUST 8, 1979
CURRENT DATA APPEAR IN THE BOARO OF GOVERNORS' H.6 RELEASE.

CURRENCY
COMPOUNDED ANNUAL RATES OF CHANGE,
8/9/78

11/8/78

1/10/79

2/7/79

AVERAGE OF FOUR WEEKS ENDING
3/7/79

4/11/79

5/9/79

6/6/79

9.0
10.3

10.7

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/10/79
2/ 7/79
3/ 7/79
4/11/79
5/ 9/79
6/ 6/79
7/11/79
8/ 8/79

1 1.2
11.2
10.8
10.2
10.0
9.9
9.8
10. 1


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

10.4
9.9
9. 1
8.9
9.0
8.9
9.4

9.7
8.4
8.4
8.6
8.6
9.2

7.2
7.5
8.0
8. 1
8.9

7.2
7.9
8. 1
9. 1

8.8
8.7
9.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
ALL MEMBER BANKS IN THE NATION
BILLIONS OF DOLLARS
3.5 r---------,---------- ,--------

13I&
JUL.

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
----------------- -----------3.5

MILLIONS
II

r 21

S

JUN

JUL

It

2

IS

AUG

30 13 27

SEP

II

25

OCT

8 22

NOV

8 20

3

DEC

JAN

If 31

14 28

FEB

14 28

MAR

II

25

9 23

APR

1928

8 20

4

JUN

JUL

18

19)

LATEST DATA PLOTTED REEK ENOING. AUGUST 15. 1929

BUSINESS LOANS

( COMMERCIAL AND

INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS
btASUNALLY ADJUSTED

BILLIONS OF DOLLARS
152 ---------- ,---------- ,-------—
—
—
_

BILLIONS OF DOLLARS
------------------------------ >52

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
AUGUST 8, 1979 FROM
.
THE FOUR WEEKS ENDING:

— JUN. 6,
—_MAY
9.
__ APR, 11,
MAR. 7,
FEB. 7,
— NOV. 8,
- AUG. 9,

1979
1979
1979
1979
1979
1978
1978

24.4

JUL.

4

144,905
46,276

5

JUN

19

2

16 30

13

27

11

25

8 22

8 20

3

17

JUL

LATEST DATA PLOTTED WEEK ENDING: AUGUST 8,


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

31

14 28

FEB

14 28

MAR

11

25

I I I I I I I I I I I I I I I
9 23
I 13 29

APR

1979
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

12
CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
BILLIONS OF DOLLARS

WEDNESDAY FIGURES
NOT SEASONALLY ADJUSTED

ONS OF DOLLARS
106
104

102
100

7-8
76

LATEST DATA PLOTTEO WEEK ENDING: AUGUST 8.

1979

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 9100,000 OR MORE BY LARGE
WEEKLY REPORTING COMMERCIAL BANKS.


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

PREPARED BY FEDERAL RESERVE BA** OF ST. LOUIS