Full text of U.S. Financial Data : Week Ending: August 20, 1975
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Week ending: August 20, 1975 l3Uj?'wsjt http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis On average, there has been little change in the monetary base, the money stock, or the demand deposit component of the money stock since mid-June. In contrast, all of these aggregates registered substantial increases in the period from mid-January to mid-June of this year. The monetary base increased at an 8.5 percent annual rate and both the money stock and demand deposits increased at rates of about 11 percent in this period. Since early July the Federal funds rate (the rate at which member banks borrow reserves from one another) has risen to levels very near the discount rate (the rate at which member banks borrow reserves from Federal Reserve Banks). Earlier this year, however, the Federal funds rate was, on average, about 60 basis points below the discount rate, increasing the incentive for banks to borrow in the Federal funds market rather than from the Federal Reserve. Consequently, member bank borrowings from the Federal Reserve were at very low levels during the first seven months of 1975, averaging below $250 million. In the week ended August 15 most commercial banks raised their prime lending rate to 7.75 percent. This was the third increase in the prime rate since mid-July. These recent increases, the first since mid-July 1974 when the prime rate moved to 12 percent, have occurred in spite of the continuing slack in the demand for loans at banks. In the most recent week nonseasonally adjusted business loans at large commercial banks reflect a decrease of about $12 billion from their peak in December of last year. During this same time period, holdings of securities by large commercial banks, on a nonseasonally adjusted basis, increased by $5 billion. Prepared by Federal Reserve Bank of St. Louis Released: August 22, 1975 MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS Of DOLLARS SI! JUL. 9 19 BILLIONS OF DOLLARS MILLIONS. 16 9 IT 91 M U II 29 AUG SEP 8 29 8 20 4 18 NOV DEC 1 19 29 12 26 12 28 FEB MAR 9 29 7 21 4 18 MAY JUN 2 18 30 15 27 LATEST DATA PLOTTED WEEK ENDING* AUGUST 20, 1975 Tt« MONETARY BASE CONSISTS OF MEMBER BAM( RESERVES AT THE FEDERAL RESERVE BANKS AND CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AM) IN THE VAULTS OF COMMERCIAL BANKS), ADJUSTED FOR RESERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSITS BETWEEN BANKS •MERE DIFFERENT RESERVE REQUIREMENT RATIOS APPLY. THE MAJOR SOURCES OF THE MONETARY BASE ARE FEDERAL RESERVE CREDIT AND THE GOLD STOCK. DATA ARE COMPUTED BY THIS BANK. A DETAILED DE E SOURCES AND USES OF Tie MONETARY BASE IS AVAILABLE AS REPRINT NO. 31 FROM SCRIPT ION OF THE_______ THE FEDERAL RESERVE BANK OF ST. LOUIS. COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING* 8/21/74 11/20/74 1/22/75 2/19/75 3/19/75 4/23/75 5/21/75 6/18/75 7.5 7.8 5.5 7.3 8.0 6.9 9.7 6.1 8.2 8.8 7.5 3.7 7.2 8.2 6.7 6.5 8,2 6.3 12.8 8.9 6. 1 TO THE AVERAGE OF FOUR WEEKS ENDING, 1/22/75 2/19/75 3/19/75 4/23/75 5/21/75 6/18/75 7/23/75 8/20/75 2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7.6 6.9 7.5 7.6 6.6 7.4 7.8 7.2 4.3 6.0 6.5 5.2 6.5 7.1 6.4 PREPARED BY FEDERAL RESERVE BANK OF SI. LOUIS MULTIPLIER 1/ FEDERAL RESERVE CREDIT*/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RAT I 0 RATIO MULTIPLIER RATIO LATEST DATA PLOTTED WEEK ENDING: AUGUST 13, 1975 BILLIONS OF DOLLARS BILLIONS OF DOLLARS 108 COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF THE FOUR WEEKS ENDING AUGUST 20, 1975 FROM THE FOUR WEEKS ENDING: 106 104 MAY APR. ___AUG. 21 23 1975 FEDERAL RESERVE CREDIT 102 21 100 98 96 1315 MILLIONS 94 92 5 19 3 17 31 14 28 11 AUG 25 SEP 1974 9 23 6 20 4 18 NOV DEC 1 15 29 12 26 12 26 FEB MAR 9 23 7 21 MAY 1975 4 18 2 16 30 13 27 JUN LATEST DATA PLOTTED WEEK ENDING: AUGUST 20, 1975 1/ RATIO OF MONEY STOCK < Ml ) / MONETARY BASE. 2/ DEFINED TO INCLUDE HOLDINGS OF SECURITIES, LOANS, FLOAT AM) ••OTHER" ASSETS, ADJUSTED FOR RESERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSITS BETWEEN BANKS WHERE DIFFERENT RESERVE REQUIREMENT RATIOS APPLY. DATA ARE SEASONALLY ADJUSTED BY THIS BANK. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK PLUS NET TIME DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 660 655 649.6 652.5 652.8 651.7 650 654.1 645 640 655 650 625 620 615 610 605 600 595 5 19 3 IT 31 14 28 11 AUG 23 SEP 1974 9 23 6 20 4 19 NOV DEC 1 15 29 12 20 12 FEB 9 23 7 21 4 1C 2 16 JO 13 27 MAR 1975 LATEST DATA PLOTTED WEEK ENDING: AUGUST 15, 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. MONEY STOCK PLUS NET TIME DEPOSITS CM2) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGt 8/14/74 11/13/74 5.4 5.5 6.5 7.0 7.1 8.4 8.9 8.7 5.2 7.2 7.8 7.8 9.5 10.1 9.7 1/15/75 2/12/75 3/12/75 4/16/75 5/14/75 6/11/75 1 1.6 10.4 13.0 13.1 12.0 8.8 12.7 12.9 11.7 14.6 14. 1 12.3 17.1 13.7 10.3 TO THE AVERAGE OF FOUR WEEKS ENDING: 1/15/75 2/12/75 5/12/75 4/16/75 5/14/75 6/11/75 7/16/75 8/15/75 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4 9.8 9.8 9.3 11.6 11.9 11.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED billions of dollars billions of dollars 293.5 295.3 295.0 293.4 295.6 294.4 5 19 5 17 Jl H 21 II 25 AUG SEP 1974 9 23 6 20 4 IS NOV DEC 1 IS 29 12 26 12 26 FEB 9 23 MAR 7 21 4 IS MAY JUN 2 16 SO 13 27 LATEST DATA PLOTTED WEEK EKBINGs AUGUST 13. 1975 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. COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGt 8/14/74 11/13/74 1/15/75 2/12/75 4.4 5.3 4.8 8.1 8.1 7.1 9.6 7.6 11.0 10.3 8.9 3/12/75 4/16/75 5/14/75 6/11/75 14.5 10.3 5.0 TO THE AVERAGE OF FOUR WEEKS ENDINGi 1/15/75 2/12/75 3/12/75 4/16/75 5/14/75 6/11/75 7/16/75 6/13/75 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2.2 1.3 2.8 3.4 3.3 5.0 5.3 5.0 0. 1 3.1 3.9 3.8 6.2 6.4 5.9 5.2 10.3 9.7 8. 1 12.6 10.9 8.6 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY 13.5 PERCENT m 13.5 13.0 13.0 PERCENT 12.5 12.5 12.0 12.0 11.5 11.5 llvO 11.0 10.5 10.5 10.0 10.0 9.5 9.5 CORPORATE BONDS 9.0 9.0 8.5 8.5 8.0 8.0 7.5 7.5 MUNICIPAL BONDS MK 7.0 7.0 6.5 6.5 6.0 6.0 COMMERCIAL PAPER 5.5 5.5 5.0 5.0 4.5 4.5 0 7 21 JUN S 19 2 1# 30 19 27 JUL SEP 11 23 8 22 8 20 8 17 81 14 28 14 28 11 23 FEB OCT MAR 9 23 APR « 20 4 18 JUN JUL 1 IS 29 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGj AUGUST 22, 1975 1975 JUNE 6 13 20 27 JULY 4 11 18 25 AUG. 1 8 15 22 X 29 90 DAY CD'SsaiBK PRIME COMMERCIAL PAPER 4-6 MONTH PRIME BANKERS' ACCEPTANCES AAA BONDS CORPORATE MUNICIPAL BONDS m 5.58 5.71 5.55 5.93 6.46 6.61 6.43 6.51 6.56 6.67 6.89 6.85 5.60 5.63 5.65 6.18 6.34 6.45 6.43 6.48 6,53 6.63 6.68 6.75 5.59 5.55 5.58 6.03 6.19 6.38 6.34 6.52 6.48 6.66 6.73 6.76 8.85 8.76 8.73 8.75 8.82 8.85 8.82 8.85 8.86 8.93 8.95 8.96 7.05 6.80 6.93 7.00 6.96 6.98 7.09 7.22 7.09 7.16 7.17 N.A. *“ BOND^UYER'S* AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA. S0/EN-DAY AVERAGES OF SECONDARY MARKET RATES FOfc THE WEEK END I Ng WEDlsESDAY TWO DAYS EARLIER THAN DATES SHOWN. CURRENT DATA APPEAR IN TIC BOARD OF GOVERNORS' H.9 RELEASE. 6 N.A. - NOT AVAILABLE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0 i * SELECTED SHORT-TERM INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT 14.0 13.5 13.0 12.5 12.0 11.5 11.0 10.5 10.0 FEDERAL FUN)S RATE 0.5 0.0 8.5 8.0 7.5 7.0 DISCOUNT RATE — 6.5 Sj 6.0 5.5 5.0 4.5 7 21 9 IB JUN JUL 2 16 90 19 27 tl 29 8 22 6 20 9 17 91 14 29 14 29 11 FEB MAR 1074 29 8 29 APR 6 20 4 18 JUN JUL 1 18 28 1975 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. AUGUST 22, 1975 1975 JUNE 6 13 20 27 JULY 4 11 18 25 AUG. 1 8 15 22 X 29 FEDERAL FUNDS 9K 3-MONTH TREASURY BILLS 1-YEAR TREASURY BILL 3-5 YEAR GOVERNMENT SECURITIES LONG-TERM GOVERNMENT SECURITIES 5.24 5. 15 5.31 5.72 6.31 6.06 5.93 6.14 6.25 6.09 6.08 6.15 5.23 5.00 5.24 5.80 5.98 6.06 6.05 6.27 6.28 6.42 6.42 6.45 5.77 5.50 5.74 6.32 6.47 6.50 6.53 6.82 6.86 7.11 7.17 7.22 7.29 7.05 7.14 7.49 7.62 7.65 7.67 7.79 7.86 8.05 8.13 8. 19 6.96 6.81 6.82 6.85 6.89 6.89 6.87 6.90 6.92 7.00 7.01 7.05 * 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. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 NET TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS BILLIONS 356.1 357.2 357.9 358.3 358.6 359.7 5 18 3 17 31 14 28 11 23 AUG SEP 1974 9 23 6 20 4 18 NOV DEC 1 13 29 12 28 12 26 FEB MAR 7 21 4 18 MAY JUN 9 23 2 16 30 15 27 LATEST DATA PLOTTED WEEK EhBINGi AUGUST 13. 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. * NET TIME DEPOSITS ARE DEFINED ASi SAVINGS DEPOSITS, TI ME DEPOSITS OPEN ACCOUNT PLUS TIME CERTIFICATES OF DEPOSIT OTHER THAN NEGOTIABLE TIME dERTIFICATES 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: 8/14/74 11/13/74 1/15/75 2/12/75 3/12/75 4/16/75 5/14/75 8.2 9.2 9.9 10.2 10.4 11.3 12.0 1 1.9 9.8 10.8 11.2 11.2 12.4 13.3 13.0 14.6 13.7 13.2 14.6 15.3 14.7 13.3 12.8 14.5 15.4 14.7 12.0 14.6 15.6 14.8 16.0 16.9 15.5 ! 9.3 16.7 6/11/75 TO THE AVERAGE OF FOUR WEEKS END 1NGi 1/15/75 2/12/75 3/12/75 4/16/75 5/14/75 6/11/75 7/16/75 8/13/75 8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 15.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 DEMAND DEPOSIT COMPONENT OF MONEY STOCK BILLIONS of AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED dollars ISIS. billions of dollars BILLIONS 222.0 223.9 223.5 221.8 223.8 222.4 5 19 5 17 SI 14 29 11 29 AUC SEP 9 28 6 20 4 19 NOV DEC 1 18 29 12 20 12 FEB 9 25 MAR 7 21 MAY 4 19 JUN 2 16 SO IS 27 LATEST DATA PLOTTED WEEK ENDINBt AUGUST 13, 19T5 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' h.fl RELEASE. COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING* 8/14/74 11/13/74 1/15/75 2/12/75 3/12/75 -2.6 0.9 2.2 2. 1 5.0 5.4 4.7 2.4 4.2 3.6 7.4 7.5 6.4 9.5 7.1 11.1 10.3 8.6 4.6 10.6 9.8 7.8 4/16/75 5/14/75 6/11/75 15.2 10. 1 4.0 TO THE AVERAGE OF FOUR WEEKS ENDING* 1/15/75 2/12/75 3/12/75 4/16/75 5/14/75 6/11/75 7/16/75 8/13/75 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -0.3 -1.4 0.4 1.3 1.4 3.4 3.8 3.5 12.9 10.9 8.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS WEDNESDAY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 70 Li I i I i I i 1 i Li 1 i-l-i.1.1. IJ.J..1.1 .Li_j-Li-Li i i i i 5 19 3 17 31 JUN JUL 14 28 11 AUG 25 9 23 SEP 1974 OCT 6 20 4 18 1 NOV DEC JAN i I i i i J-lJ i i 1 i.i i il-i-Li i 15 29 12 28 12 26 FEB MAR 9 23 7 21 APR MAY 1975 i i i i i iJj 4 18 2 16 30 IS 27 JUN JUL 0 AUG LATEST DATA PLOTTED WEEK ENDINGi AUGUST 13, 1975 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. 1975 JUNE 4 1 1 18 25 JULY 2 9 16 23 30 AUG. 6 13 20 27 CERTIFICATES CERTIFICATES OF DEPOSIT OF DEPOSIT NOT SEAS. ADJ. SEAS. ADJ. 83. 1 82.9 82.3 81.7 81.7 81.4 81.1 81.2 81.4 81.0 81.0 83.9 84. 1 84. 1 84.2 84.2 83.6 82.9 81.6 80.5 79.4 78.6 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 billioms of dollars AVERAGES OF DAILY FIGURES billions of dollars mi millions JUL. 16 5 IB 5 17 51 14 28 11 25 AUG SEP 1974 9 25 6 20 NOV 4 19 DEC LATEST DATA PLOTTED WEEK END INGt AUGUST 20, 1 15 29 12 26 12 26 FEB MAR 9 25 7 21 MAY 1975 4 16 JUN 2 16 50 15 27 1975 BUSINESS LOANS ( COMMERCIAL BILLIONS OF DOLLARS AND 1NDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED BILLIONS OF DOLLARS 134 132 130 128 126 124 122 120 118 COMPOUNDED ANNUAL RATES — OF CHANGE, AVERAGE OF — THE FOUR WEEKS ENDING AUGUST 13. 1975 FROM — THE FOUR WEEKS ENDINGi JUN. 11 1975 1975 1975 1975 1975 1974 116 MILLIONS -10.4 112 -12.7 -13.4 -13.5 -9.8 110 108 LLLLL 5 19 5 17 5! 14 26 11 25 AUG SEP 9 23 0 20 NOV 4 18 DEC 1 15 29 12 26 12 26 1974 LATEST DATA PLOTTED WEEK ENDINGi AUGUST 13, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 114 9 25 7 21 4 16 MAY JUN ii.lL.ll 2 16 50 15 27 0 1975 1975 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 I MEMBER BANK DEPOSITS SUBJECT TO RESERVE REQUIREMENTS (CREDIT PROXY ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 61LLIONS OF DOLLARS 530 COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF THE FOUR WEEKS ENDING ------------ .975 FR0M THE four CREDIT CREDIT PROXY ■EBffiiQL ADJUSTED 1975 -0.3 520 -1.1 510 1975 = FEB. CREDIT PROXY ADJUSTED 1/ 500 AUG. 490 CREDIT PROXY 480 CREDIT PROXY CREDIT PROXY ADJUSTED 504.6 506.3 505.9 503.9 503.6 502.6 496.1 499.8 498.9 495.6 5 18 3 17 31 14 28 11 AUG 23 SEP 9 23 6 20 4 18 NOV DEC 1 IS 29 12 26 12 FEB 1974 LATEST DATA PLOTTED WEEK ENDING* AUGUST 13. 12 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7 21 4 18 2 16 30 18 27 1975 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' 1/ 9 23 MAR H.9 RELEASE. INCLUDES MEMBER BANK DEPOSITS. BANK-RELATED COMMERCIAL PAPER. U.S. BANKS, AND CERTAIN OTHER NONDEPOSIT SOURCES. EURODOLLAR BORROWINGS OF PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 470 460
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