Full text of U.S. Financial Data : Week Ending: August 25, 1982

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

Ti/VX\ fSJD! A i_

DATA.

s\\

Week ending: August 25, 1982

library

AUG 3 0 1382
Certificates of deposit are an important source of short-term
loanable funds for depository institutions, especially commercial banks.
Thus, the rate on 90-day CDs represents an important cost of marginal
loanable funds to these institutions. Consequently, the prime rate tends
to follow movements in the 90-day CD rate, although with a lag. It
should be noted, however, that because deposits are subject to reserve
requirements, the effective marginal cost of loanable funds acquired by
issuing CDs is higher than the market rate on CDs.
The table below shows that the prime rate has followed
recent movements in the 90-day CD rate. For example, the 90-day CD
rate declined by more than 550 basis points from the week ending July 2
to the week ending August 27. As a result, the prime rate declined by
300 basis points, beginning with the week ending July 23. This marked
the first decline in the prime rate in about five months, as the spread
between it and the 90-day CD rate fluctuated within a relatively narrow
range. The spread between these rates averaged about 220 basis points
during this period. Currently, the spread is larger than it was in the
previous five months, and has remained large during the past six weeks,
as the 90-day CD rate has fallen as fast as the prime rate.
Prime Rate and Yield on 90-day CDs
(averages of daily figures)
Prime
rate

Week ending
June

4
11
18
25
July
2
9
16
23
30
August 6
13
20
27

16.50%
16.50
16.50
16.50
16.50
16.50
16.50
16.10
15.80
15.00
15.00
14.20
13.50

90-day
CD rate

Difference!/

13.72%
13.83
14.56
15.13
15.21
14.80
13.96
12.58
12.01
11.43
11.63
9.77
9.63

278
267
194
137
129
170
254
352
379
357
337
443
387

1/ Difference between the prime rate and the 90-day CD rate in basis
points.

Prepared by Federal Reserve Bank of St. Louis


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

Released: August 27, 1982

2
ADJUSTED MONETARY BASE
AVERAGES

1982
— JUL.

OF DAILY FIGURES

SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
182 ------------- 1---------- 1-----

BILLIONS OF DOLLARS
----------------- -------------- 182

B_LL.Li.QNS.
78.6
178.3
79.5
79.7
179.7

JUL

AUG

SEP
OCT
1981

NOV

DEC

JAN

LATEST DATA PLOTTED WEEK ENDING: AUGUST 25,

FEB

MAR

APR

MAY
1982

JUN

JUL

AUG

SEP

1982

THE ADJUSTED MONETARY BASE CONSISTS OF: ( 1 ) RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT
FEDERAL RESERVE BANKS, (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE
VAULTS OF ALL DEPOSITORY INSTITUTIONS), AND (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 AVAIL­
ABLE FROM THIS BANK.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
8/26/81

11/25/81

4. 1
5.5
5.5
6. 1
6.2
7.0
6.3
6.5

11.4
9.9
9.8
9.5
10.2
8.7
8.7

1/27/82

AVERAGE OF FOUR WEEKS ENDING:

2/24/82

3/24/82

4/28/82

5/26/82

6/23/82

7.6
7.6
9.3
7. 1
7.4

8.6
10.5
7.5
7.8

11.3
6.8
7.3

6.4
7.2

4.0

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/27/82
2/24/82
3/24/82
4/28/82
5/26/82
6/23/82
7/28/82
8/25/82


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

9.5
9.4
9.0
10. 1
8. 1
8.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
52

31UIONS
49.5
49.2
49.0
50.2

2

OCT

NOV

JAN

16

30

M

28

11

25

8

22

FEB

LATEST DATA PLOTTED WEEK ENDING; AUGUST 18,

1982

‘RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE
BANKS PLUS CURRENCY IN CIRCULATION) LESS CURRENCY HELD BY THE NONBANK PUBLIC.

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE,
8/19/81

11/18/81

-1.0
2. 1
4.4
3.8
3.9
5. 1
3.9
4.2

13.5
15.2
1 1.5
10.6
11.4
8.7
8.7

1/20/82

AVERAGE OF FOUR WEEKS ENDING:

2/17/82

3/17/82

4/21/82

5/19/82

6/16/82

8.7
7.7
9.8
6.0
6.3

2.4
6.7
3.0
3.9

11.1
4.2
5.1

3.6
5.0

0.0

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/20/82
2/17/82
3/17/82
4/21/82
5/19/82
6/16/82
7/21/82
8/18/82


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

20.8
12.3
10.7
11.9
8.2
8.2

PREPARED BY FEDERAL RESERVE BANK OF ST.

3

LOUIS

4
MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
470

BILLIONS OF DOLLARS
470

EZ----------1--------1-----------1982
BILLI QNS.
—~ JUL.
Z

460

~ AUG.
Z

E
E

451.7
450.5
451.3
453.5
453.5
454.9

In n

E
E

Z

=
±LL1

460

450

445

i

J

440

m r

440

~
435

435

IN I

r
/A

z/\

{ ^

TTTT

430

465

455

z
pz

"aJ

450
445

z

z

in .

455

14
21
28
4
II
18

III!

465

III! IN I

425

=

MU
Llll
1111
I

15 29

JUL

12 26

AUG

9 23

111
7 21

SEP
OCT
1981

111

i n.i

4

2

IB

NOV

■i 11.

16 30

DEC

LATEST DATA PLOTTED WEEK ENDING; AUGUST 18,

111. 1111

IJ-U. 1 1 1

ill

13 27

JAN

10 24

FEB

10 24

7 21

MAR

APR

111

16 30 14 28

MAY
1982

JUN

JUL

111
11

25

AUG

111

r

SEP

1982

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COMMERCIAL BANK DEMAND DEPOSITS
HELD BY THE NONBANK PUBLIC (EXCLUDING THOSE HELD BY FOREIGN BANKS AND OFFICIAL INSTITUTIONS)
AND OTHER CHECKABLE DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS' CHECKS.

MONEY STOCK
( Ml
COMPOUNDED ANNUAL RATES OF CHANGE,

)

AVERAGE OF FOUR WEEKS

endingi

8/19/81

11/18/81

1/20/82

2/17/82

3/17/82

4/21/82

5/19/82

6/16/82

9.5
8.3
7.2
7.6
6.5
6.4
4.9
5.3

12.3
9.4
9.5
7.5
7.3
5. 1
5.6

1.3
4.5
2.7
3.3
1.3
2.4

5.7
2.9
3.6
1 . 1
2.5

3.9
4.5
1.2
2.8

1.3
-1.9
0.8

-1.4
2.1

0.4

TO THE AVERAGE
OF FOUR WEEKS
ENDING;
1/20/82
2/17/82
3/17/82
4/21/82
5/19/82
6/16/82
7/21/82
8/18/82


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

430

425

MONEY MULTIPLIER 1/
CURRENCY COMPONENT OF MONEY STOCK 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
2.9

RATIO

Ml MULTIPLIER

LATEST DATA PLOTTED WEEK ENDING-. AUGUST 18,

1982

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

BILLIONS OF DOLLARS
132

-

COMPOUNDED ANNUAL RAT ES
OF CHANGE, AVERAGE OF
---- THE FOUR WEEKS ENDING
AUGUST 18. 1982 FROM
- THE FOUR WEEKS ENDING
-----JUN.
MAY
- APR.
MAR.
NOV
AUG

-

16,
19,
21,
17,

1982
1982
1982
1982

5.1
7.4
8.5
8.9

1 81
19,

1981
1981

8.5
7.2

-

-

-

CURRE NCY

-

/

-

V*
-

31
JUL.
AUG.

B ILL 10 NS

if

A

Is
“nil
1

1 1 1

II 1 1

1 1 1

_LL1_ 1 1 1 1

15 20 12 26

JUL

AUG

1 J.I.. ■ii. i... ■j.i 11 .ii i

16 30 13 27

SEP
OCT
1981

NOV

DEC

JAN

LATEST DATA PLOTTED WEEK ENDING-. AUGUST 18,

10 24

FEB

10 24

7

MAR

APR

111

29.3
29.6

_

ini [mlLiJ-LI l.l.l.L
2

MAY
1982

28.4

28

16 30

JUN

14 28

JUL

11

AUG

25

8 2<

SEP

1982

1/ RATIO OF MONEY STOCK (Ml > 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

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
22.0 r—

PERCENT
—1 22.0

21.0
20.0

20.0
19.0

18.0
90 DAY
CD’S

PR ME BANK
LOAN RATE
16.0

15.0
14.0

14.0

CORPORATE
Aaa BONDS

1 I .0

1 I .0

COMMERCIAL
PAPER

3

17 31

JUL

14

AUG

Latest

AUG.

SEP.

II

25

SEP
OCT
1981

4

NOV

DEC

JAN

FEB

MAR

APR

MAY
1982

2
9
16
23
30
6
13
20
27 *
3
10
17
24

90 DAY
CD’S
15.21
14.80
13.96
12.58
12.01
11.43
11.63
9.77
9.63

18

JUN

data plotted are averages of rates available for the week ending;

1982
JULY

28

2

16 30

JUL
august

13 27

AUG

10 24

SEP

27, 1982

PRIME
COMMERCIAL
PAPER ***

PRIME
BANKERS’
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS *X

14.68
14.24
13.46
12.05
12.01
11.33
11.50
9.68
9.35

14.73
14.15
13.50
12.03
11.71
11.23
11.23
9.66
9.48

15.07
14.96
14.65
14.32
14.39
14.22
14.14
13.48
13.13

16.95
16.88
16.82
16.70
16.78
16.69
16.71
16.26
15.88

12.58
12.47
12.36
12.01
11.97
11.87
11.86
10.82
N. A.

* Averages of rates available.
#* BOND BUYER’S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
*** 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
AVERAGES OF

PERCENT

21.0

INTEREST RATES

DAILY RATES ENDED FRIDAY
PERCENT

rr

—1 21.0

20.0

19.0
18.0
17.0
5-YEAR
TREASURY SECURITIES
FEDERAL FUNDS RATE

DISCOUNT
RATE
1 I .0

1 1.0

10.0

3-MONTH
TREASURY BILL

3

17 31

JUL

14 28

II

AUG

25

9 23

SEP
OCT
1981

B 20

NOV

I

DEC

15 29 12 26

JAN

FEB

12 26

MAR

9 23

APR

7 21

MAY
1982

4

18

JUN

2

16 30 13 27

JUL

AUG

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING, AUGUST 27,

1982
JULY

AUG.

SEP.

10

SEP

1982

FEDERAL
FUNDS XX

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL XXX

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

14.81
14.47
13. 18
12.14
11.02
11.15
10.90
10.11
9.04

12.81
12.23
1 1.71
10.64
10.51
9.80
9.70
7.88
7.42

13.42
12.98
11.97
11.44
11.38
10.67
10.94
9.82
8.99

12.86
12.50
12.06
11.29
11.50
11.13
11.06
9.71
9.56

14.73
14.48
14. 10
13.66
13.89
13.62
13.59
12.53
12.31

13.85
13.68
13.40
13.11
13.30
13.08
13.02
12.17
11.97

2
9
16
23
30
6
13
20
27 x
3
10
17
24

* AVERAGES OF RATES AVAILABLE.
X* SEVEN-DAY
AVERAGES
FORINWEEK
WEDNESDAY
TWO HDAYS
EARLIER THAN DATE
_
SS'IELM*
APPEAR
THE ENDING
B0ARD 0F
GOVERNORS'
15 RELEASE
* SHOWN
W '
XXX NtW I55UE RATE

TReM B?Lf^[‘DSR^SSlSCOuSf^^l.ARE C0MPUTED BV THE FEDERAL RESERVE BANK 0F ST' L0UIS'


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
TOTAL CHECKABLE DEPOSITS^
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
335 ------------- 1---------- 1------

BILLIONS OF DOLLARS
------------------------------- 335

B1LUQNS
318.9
317.3
318.0
AUG.

319.7

I I 1 I 1 1 u
I

15 29

12

26

9 23

7

21

4

18

2

16 30

13 27

JAN

10

24

10

24

7

21

5

19

2

16

30

14

20

11

25

8

22

FEB

LATEST DATA PLOTTED WEEK ENDING*. AUGUST 18, 1982
1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

8/19/81

11 /18/81

1/20/82

2/17/82

3/17/82

4/21/82

5/19/82

6/16/82

10.9
9. 1
7.8
8.0
6.2
5.9
4. 1
4.6

13.3
9.9
9.8
6.8
6.3
3.7
4.5

-0.4
3.3
0.4
0.9
-1 . 4
0.3

5.0
0.6
1.3
-1.6
0.4

1.1
1.8
-1.9
0.5

-2.8
-6.0
-2.0

-4.8
0.1

-1.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/20/82
2/17/82
3/17/82
4/21/82
5/19/82
6/16/82
7/21/82
8/18/82


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TOTAL TIME DEPOSITS^
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
860 rz---------- 1---------- 1----1982

BILLIONS OF DOLLARS
----------------------------860

BJi.UPNS
832.2
833.2
839.7
840.2

1

15 29

JUL

12

AUG

26

9 23

7

21

SEP
OCT
1981

4 18

NOV

2

16 30

DEC

13 27

JAN

LATEST DATA PLOTTED WEEK ENDING: AUGUST 18,

10 24

FEB

10 24

7 21

5

MAR

APR

MAY
1982

19

2

16 30

JUN

14

JUL

28

II

25

AUG

8

22

SEP

1982

1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

8/19/81

11/18/81

1/20/82

2/17/82

3/17/82

4/21/82

5/19/82

6/16/82

5.7
6.8
8.4
10.3
1 1.0
1 1 .6
12.3
12.8

5.6
8.8
1 1.8
12.5
13.3
13.9
14.4

16.2
18.6
18.2
18.2
18. 1
18.2

21.2
19.9
19.5
19. 1
19. 1

20.0
19.5
19.0
19.0

17.6
17.6
18.0

18.0
18.3

18.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/20/82
2/17/82
3/17/82
4/21/82
5/19/82
6/16/82
7/21/82
8/18/82


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10
SMALL TIME DEPOSITS 1/
COMMERCIAL BANK SAVINGS DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
AUGUST 18, 1982 FROM
the four Weeks ending-.
JUN.
MAY
APR.
MAR.
FEB.
NOV.
AUG.

16,
19,
21,
17,
17,
18,
19,

1982
1982
1982
1982
1982
1981
1981

28.4
24.4
24.9
26.3
26.4
19.1
20.9

SMALL TIME DEPOSITS

1982
JUL.

BILLIONS

1

AUG.
18

4i

llllll
LATEST DATA PLOTTED WEEK ENDING*. AUGUST 18,

1982

BILLIONS OF DOLLARS
185

t t it TTTT

180
175

BILLIONS OF DOLLARS
185

------------- 1---------- 1---------- 1---------- z

180
JUL.

E

150

170

—

N

165
160

E
COM 50UNDE D ANNU *L RAT ES

Z THE FOUR WEEKS ENDING
- AUGUST 18, 1982 FROM
= THE FOUR WEEKS ENDING
E_ JUN. 16, 1982 -14.8
z MAY
19, 1982-10.5
- APR. 21, 1982 -8.3
—MAR. 17, 1982 -5.5
= FEB. 17, 1982 -3.7
= NOV. 18, 1981
0.2
“AUG. 19, 1981
-3.6
si 1111111111111111
1 15 29 12 26
JUL
AUG

9 23 7 21
SEP
OCT
1981

TTTT TTTT TTTT

145

=

z

TTTT

155

E

55.9
56.1
56.0

175

mu

160

SAV1NGS DEP DSITS

57.4
11: f

TTTT

165

AUG.

=

TTTT

170

14
21
28
4
LL
18

111
4 18
NOV

1 1 1 1
1 1 1
11 1 A 1.1 1
2 IB 30 13 27 10 24 10 24
DEC
JAN
FEB
MAR

LATEST DATA PLOTTED WEEK ENDING: AUGUST 18,

1 1 1
7 21
APR

1 1 1
1 1 1 1
1 1 1
1 1 1
till
5 19 2 16 30 14 28 1 1 25 8 22
MAY
JUN
JUL
AUG
SEP
1982

1

1982

1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN *100,000.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

155
150
145
140
135
130

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF

BILLIONS OF DOLLARS
4.5 r----------- 1---------- 1-----1982

DAILY FIGURES

BILLIONS OF DOLLARS

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

MILLIONS

4-5

~JUL. 21

I I I I
1

15 29

12

26

2

OCT

16 30

13

27

10 24

10 24

7

21

2

16 30

14 28

II

25

NOV

LATEST DATA PLOTTED WEEK ENDING: AUGUST 25,

1982

BUSINESS LOANS17

(COMMERCIAL AND

INDUSTRIAL

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
220 r----------- ,---------- ,-----Z
IT

BILLIONS OF DOLLARS

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

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
AUGUST 18. 19-------------THE FOUR WEEK

Z_ JUN. 16,
............. ~
Z APR. 21,
— MAR.
FEB. 17,
NOV. 18,
AUG. 19

1982
1982
1982
1982
1982
1981
1981

13.0
14.8
15.5
17.8

MILLIONS
--JUL. 14

213,158
213,058

AUG.

4

212,221
213,237

1

15

29

12

26

9

23

7

21

4

18

2

16 30

13 27

JAN
LATEST DATA PLOTTED WEEK ENDING: AUGUST 18,

10 24

10

FEB

24

7

J-U 1 I I I I I I I I

21

APR

2

16

30

14

28

II

25

8 22

MAY

1982

1/ BUSINESS LOANS INCLUDE BANKERS1 ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF $750 MILLION OR MORE


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

'

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

220

12
LARGE TIME DEPOSITS

ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

91LLIONS

1981
LATEST DATA PLOTTED WEEK ENDING-. AUGUST 18,

1982
1982

CURRENT DATA APPEAR IN THE BOA!»D OF GOVERNORS' H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF *100,000 OR MORE.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS