Full text of U.S. Financial Data : Week Ending: August 26, 1981
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/vc/>q Z_ 0/1 Week ending: August 26, 1981 LIBRARY’ Ff ranr The Federal Reserve Board has established a schedule of discount rates for extended credit to banks and thrift institutions under sustained liquidity pressures. The Board acted in response to several applications for borrowing under the extended credit program established in a recent revision of Regulation A governing extensions of credit by Federal Reserve Banks. Regulation A was revised to satisfy provisions of the Monetary Control Act of 1980. The schedule of discount rates for extended borrowing is the basic rate of 14 percent for the first 60 days of borrowing, 15 percent for the next 90 days and 16 percent thereafter. The basic discount rate of 14 percent and the 4 percent surcharge that applies to large, frequent borrowers of short-term adjustment credit are unaffected by the recent action. The extended credit program is available to commercial banks, savings and loan associations, savings banks and credit unions. It is designed to help these depository institutions adjust to sustained liquidity pressures, particularly at times of deposit disintermediation. The Board noted that deposit growth in the thrift industry has continued over this year, and the industry in general has sustained a high level of liquidity despite pressure on the earnings of individual institutions. While thrift institutions in the aggregate have experienced a sizable decline in savings deposits, this outflow has been more than offset by increases in small and large time deposits (see table). Changes in Selected Deposit Categories at Thrift Institutions (billions of dollars, seasonally adjusted) Period Change from December 1980 to July 1981 Savings deposits Small time deposits Large time deposits $ -23.3 $ +21.9 $ +3.9 Prepared by Federal Reserve Bank of St. Louis Released: August 28, 1981 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total time deposits $ +25.8 2 ADJUSTED MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS I74 ------------- 1---------- 1----1981 BILLIONS OF DOLLARS ------------------------------ 174 aj.LUQ.NS 168.6 168. I 168. 1 168.6 168.9 169.1 8 22 AUG 5 19 3 17 3) SEP 14 28 JAN II 25 1) FEB 25 20 8 22 3 17 I 15 29 12 26 9 23 MAR 1980 LATEST DATA PLOTTED WEEK ENDING-. AUGUST 26, 1981 THE ADJUSTED MONETARY BASE CONSISTS OF: ( I ) MEMBER BANK RESERVES AT THE FEDERAL RESERVE BANKS, (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF COMMERCIAL BANKS), 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 JS AVAILABLE FROM THIS BANK. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE , 8/27/80 11/26/80 AVERAGE OF FOUR WEEKS ENDING: /28/8I 2/25/81 3/25/81 4/29/81 5/27/81 6/24/81 5.7 6.8 7.3 6.0 6.2 6.5 8.4 8.6 6.7 6.8 7.0 8.8 6.2 6.5 6.8 4.8 5.7 6.2 4.2 5.4 7.5 TO THE AVERAGE OF FOUR WEEKS ENDING: 1/28/81 2/25/81 3/25/81 4/29/81 5/27/81 6/24/81 7/29/81 8/26/81 6.4 5.9 6.2 6.5 6.8 6.2 6.3 6.4 ♦ http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.2 2.8 4. 1 4.9 4.3 4.7 5.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ADJUSTED BANK RESERVES!/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 50 BILLION? JUL. 46.7 47.6 46.9 AUG. 2 46.9 47.5 16 30 13 27 AUG JO 24 8 22 5 18 3 17 31 SEP 14 28 II JAN LATEST DATA PLOTTED WEEK ENDINGt AUGUST 19, ]/ 25 11 25 FEB 8 22 MAR 6 20 3 17 MAY JUN I 15 28 12 28 9 23 1981 LESSCURR6NCY ^LD BY THE NONBANK PUBLIC (MEMBER BANK RESERVES AT FEDERAL RESERVE BANKS ( + ) CURRENCY HELD BY COMMERCIAL BANKS 1. ADJUSTED BANK RESERVES COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 8/20/80 11/19/80 1/21/81 2/18/81 3/18/81 4/22/81 5/20/81 6/17/81 6.4 3.6 5.8 5.0 5.4 4.9 4. 1 5. 1 -8.3 -1.9 -1.5 0.0 0.0 -0.3 1.4 4.3 2.6 4.0 3.2 2.2 4.2 9.2 9.0 6.8 4.7 6.7 3.8 2.6 1.2 4.1 4.3 1.7 5.4 -1.2 4.3 6.3 TO THE AVERAGE OF FOUR WEEKS ENDING: 1/21/81 2/18/81 3/18/81 4/22/81 5/20/81 6/17/81 7/22/81 8/19/81 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 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 400 JUL. 15 360.2 359.7 360.4 363.8 364.0 360.5 I I I I 22 AUG 5 19 3 17 31 14 26 II 25 II 25 8 22 6 20 3 17 SEP 1980 LATEST DATA PLOTTED WEEK ENDING-. AUGUST 19, 1981 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. MIA CONSISTS OF CURRENCY AND COIN PLUS COKMERCIAL BANK DEMAND DEPOSITS HELD BY THE NONBANK PUBLIC EXCLUDING THOSE HELD BY FOREIGN BANKS AND OFFICIAL INSTITUTIONS. MONEY STOCK (MIA) COMPOUNDED ANNUAL RATES OF CHANGE, 8/20/80 11/19/80 1/21/81 -21.7 -18.6 -14.5 -12.6 -12.6 -11.3 -9.9 -20.6 -12.8 -10.3 -10.7 -9.3 -7.7 AVERAGE OF FOUR WEEKS ENDING: 2/18/81 3/18/81 4/22/81 5/20/81 6/17/81 -2.9 -2.6 -5.0 -4.5 -3.4 -0.2 -4.1 -3.7 -2.6 -7.2 -5.6 -3.6 -7.2 -4.2 -0.3 TO THE AVERAGE OF FOUR WEEKS ENDING-. 1/21/81 2/18/81 3/18/81 4/22/81 5/20/81 6/17/81 7/22/81 8/19/81 -1 . 1 -6.6 -6.7 -5.6 -5.2 -5.9 -5.6 -5.0 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK ( MlB ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 450 6.1 U IONS 445 428.7 428.6 428.6 433.7 434.5 430.8 440 435 430 425 420 415 410 405 400 2 16 30 13 27 10 24 8 22 5 19 3 17 31 14 28 1 ] 25 I I 25 8 22 1980 6 20 }981 LATEST DATA PLOTTED WEEK ENDING: AUGUST 19, 1981 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. M1B CONSISTS OF MIA PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITARY INSTITUTIONS. MONEY STOCK ( MlB ) COMPOUNDED ANNUAL RATES OF CHANGE , 8/20/80 11/19/80 AVERAGE OF FOUR WEEKS ENDING: 1/21/81 2/18/81 3/18/81 4/22/81 5/20/81 6/17/81 10.6 14.8 11.4 6.9 5.8 5.9 19.3 13.3 7.2 5.8 5.9 12. 1 4.7 3.7 4.2 -4.9 -2.6 -0.5 -4.1 -0.9 3.6 TO THE AVERAGE OF FOUR WEEKS ENDING: 1/21/81 2/18/81 3/18/81 4/22/81 5/20/81 6/17/81 7/22/81 8/19/81 7.8 7.4 8.5 10.3 9.3 7.3 6.7 6.7 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0.4 3.8 7.7 6.6 4.2 3.8 4.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT 22.0 22.0 21 .0 21.0 PRIME BANK LOAN RATE 20.0 20.0 19.0 19.0 90 DAY CD'S 18.0 18.0 17.0 17.0 16.0 16.0 15.0 15.0 14.0 14.0 13.0 13.0 CORPORATE Aaa BONDS 12.0 12.0 I I .0 11.0 10.0 10.0 INI Cl PAL >NDS** 9.0 9.0 8.0 8.0 7.0 7.0 0 0 JUL AUG SEP OCT 1980 NOV DEC JAN FEB MAR APR MAY 1981 JUN JUL AUG LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING; AUGUST 28, 90 DAY CD’S 1981 JULY AUG. SEP. 3 10 17 24 31 7 14 21 28 * 4 1 1 18 25 17. 10 17.68 17.47 18. 18 17.82 18.04 17.88 18.03 18.09 PRIME COMMERC1AL PAPER *** PRIME BANKERS’ ACCEPTANCES CORPORATE Aaa BONDS CORPORATE Baa BONDS 16.07 16.60 16.55 17. 13 16.77 17. 16 16.95 17. 15 16.98 16.58 17.03 16.86 17.55 17.26 17.41 17.23 17.34 17.30 14.04 14. 19 14.25 14.55 14.61 14.82 14.62 14.78 15. 18 15.97 16.05 16.15 16.30 16.25 16.31 16.21 16.25 16.50 SEP 1981 MUNICIPAL BONDS ****** 10.85 10.97 11.09 11.34 11.44 11.63 11.94 12.49 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 INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT 22.0 r— PERCENT -^22.0 21.0 21 .0 FEDERAL FUNDS RATE 20.0 20.0 18.0 , 3-MONTH -f— TREASURY BILL 15.0 14.0 14.0 5-YEAR TREASURY SECURITIES I I .0 I 1 .0 DISCOUNT RATE I 1 I I 5 JUL AUG SEP OCT I 980 NOV 18 DEC 2 16 30 JAN 13 27 FEB 13 27 MAR 10 24 APR 8 22 MAY 198! 5 19 JUN 3 17 31 JUL 14 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING*. AUGUST 28, 1981 JULY 3 10 17 24 31 AUG. 7 14 21 28 * SEP. 4 1 1 18 25 FEDERAL FUNDS** 18.84 19.93 18.76 19.05 18.54 18.25 18.29 18. 19 17.41 3-MONTH TREASURY BILL 14.34 14.82 14.56 15.50 15.07 15.43 15.25 15.63 15.80 6-MONTH TREASURY BILL *** 13.62 14.05 14.23 15.32 14.79 15.57 15. 12 15.64 15.85 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis II 25 SEP 1981 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 13.30 13.58 13.56 14.40 14.25 14.63 14.43 14.70 15.03 14.28 14.48 14.53 15. 17 15. 13 15.45 15. 13 15.51 16.02 13.22 13.28 13.29 13.74 13.76 14.04 13.71 13.90 14.46 * AVERAGES OF RATES AVAILABLE. ** S|V§N-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN. ___ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE. NEW ISSUE RATE TREASURY BlS-Y^0r^SSlSCOUNTRB*Sll.AHE C°"PUTED ^ FEDERAL RESERVE BANK °F ST' PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 28 AUG 8 MULTIPLIERS^ CURRENCY OF MONEY STOCK MEASURES AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED 1981 JUL. v RATIO 3.0 MIA RATIO 15 2. 54 2.9 MONEY MULTIPLIERS 2.8 2.7 2.6 2.5 2.4 2.3 RATIO, 2.2 _ JUL. U 2.564 2! 542 2.2 2i577 2.551 2. I 1 I I I 1 I 1 1 1 I 1 1.1.1. LATEST DATA PLOTTED WEEK ENDING-. AUGUST 19, 1981 BILLIONS OF DOLLARS 124 BILLIONS OF DOLLARS “ COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF -----THE FOUR WEEKS ENDING AUGUST FROM nuuuo1 19, 19, 1981 1 wo 1 rnuw THE FOUR WEEKS ENDING: ------- IUN. MAY APR. MAR. — FEB AUG. 17, 20, 22, 18, 18, 20 1981 1981 1981 1981 1981 1980 1980 CURRENCY 1981 JUL. BILLIONS 15 AUG. I I 1 1 1 I 1 I 1. .1 I 1 11 I JAN FEB MAR 1980 LATEST DATA PLOTTED WEEK ENDING: AUGUST 19, 1981 1/ RATIO OF MONEY STOCK (MIA) OR (MIB) TO ADJUSTED MONETARY BAST 2/ CURRENT DATA APPEAR IN THE BOARD OF (N'VER'i )RS* 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 285 r---------- -r---------- ------ BILLIONS OF DOLLARS ------ 1---------- 1-----------“I 285 BILLIONS 235.6 234.6 235. 1 238.5 238.8 235.2 2 16 30 13 27 JUL AUG 10 24 SEP 8 22 OCT 1980 5 19 NOV 3 17 31 DEC 14 28 JAN LATEST DATA PLOTTED WEEK ENDING: AUGUST 19, II FEB 25 I1 25 MAR 8 22 APR MAY 1981 JUN JUL AUG SEP 1981 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. DEMAND DEPOSIT COMPONENT OF MONEY STOCK (MIA) COMPOUNDED ANNUAL RATES OF CHANGE, 8/20/80 11/19/80 -4.9 -12.3 -12.6 -11.5 -10.9 -11.6 -1 1 .2 -10.3 -31 .8 -28. 1 -23.2 -20.8 -20.5 -18.7 -16.9 1/21/81 2/18/81 AVERAGE OF FOUR WEEKS ENDING: 3/18/81 4/22/81 5/20/81 6/17/81 TO THE AVERAGE OF FOUR WEEKS ENDING: 1/21/81 2/18/81 3/18/81 4/22/81 5/20/81 6/17/81 7/22/81 8/19/81 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -30.7 -21.5 -18.2 -18.2 -16. 1 -14. 1 -9.0 -8. 1 -10.6 -9.8 -8.3 -5. 1 -9.3 -8.7 -7.1 -12.4 -10.4 -7.9 -12.2 -8.5 -3.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 10 SAVINGS PLUS SMALL TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 510 r----------- 1---------- ,------ BILLIONS OF DOLLARS ----------------- -----------=1 510 •490.2 =“ AUG. 2 492.7 495. I 16 30 13 27 JUL AUG 10 24 SEP 8 22 OCT 1980 5 19 NOV 3 17 31 DEC 14 28 JAN LATEST DATA PLOTTED WEEK ENDING: AUGUST 19, II 25 FEB 11 25 MAR 8 22 APR 6 20 3 17 MAY 1981 JUN IJUL 15 29 AUG 12 26 SEP 9 23 198! CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 9100,000. SAV1NGS PLUS SMALL TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE 8/20/80 11/19/80 AVERAGE OF FOUR WEEKS ENDING: /2I/81 2/18/81 3/18/81 4/22/81 5/20/81 6/17/81 4.0 4.0 3.7 4.5 4.4 5.4 4.3 3.8 4.7 4.6 5.7 3.4 4.7 4.6 5.9 5.2 4.9 6.5 5.9 7.6 7.6 TO THE AVERAGE OF FOUR WEEKS ENDING: 1/21/81 2/18/81 3/18/81 4/22/81 5/20/81 6/17/81 7/22/81 8/19/81 9.4 8.4 7.9 7.3 6.8 6.9 6.7 7.0 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5.5 5.3 5.0 4.7 5. 1 5.0 5.6 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS BORROWINGS FROM FEDERAL RESERVE BANKS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS billions of dollars 4.0 3.5 1981 MILLIONS — JUL. 22 AUG. 5 I I I I 2 16 30 13 27 10 24 AUG SEP 8 22 5 19 3 17 31 14 28 JAN LATEST DATA PLOTTED WEEK ENDING-. AUGUST 26, 11 25 11 25 8 22 FEB 6 20 3 MAY JUN 17 I 15 29 12 26 8 23 1981 BUSINESS LOANS ( COMMERCIAL AND INDUSTR1AL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED BILLIONS OF DOLLARS 196 BILLIONS OF DOLLARS 196 r----------- 1---------- 1---------- 1------------1— I COMPOUNDED ANNUAL RATES - OF CHANGE. AVERAGE OF 192 —THE FOUR WEEKS ENDING - AUGUST 19. 1981 FROM - THE FOUR WEEKS END INGi - JUN. 17, - MAY 20, “ APR. 22, “ MAR. 18, - FEB.18, _ NOV. 19, _ AUG. 20, 25.5 1981 1981 1981 1981 1981 1980 1980 24.5 21.2 184 12.6 180 JUL. 15 AUG. 5 80,589 181,375 184,785 184,478 I I I I I I I M I I I I I I I 1 2 16 30 13 27 10 24 8 22 5 19 3 17 31 14 28 JAN II FEB 25 11 25 8 22 6 20 I 15 29 12 26 9 23 MAR 1980 LATEST DATA PLOTTED WEEK ENDING-. AUGUST 19, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1981 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 12 LARGE TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 275 1--------- 1------- 1981 JUL. AUG. 15 22 29 5 12 BILLIONS OF DOLLARS 275 BIL LIONS = 24 .6 24 . 6 24 4. 1 24 7.4 24 7.9 1 - 1 r~ = | 1 / | V TTTTTTTn st~ LLLLLLLLL JJLL11LLLL E 1 | ILI 1 1 -LI 1 1 1 1 16 30 13 27 10 JUL AUG SEP 1 1 1 1 -LL1 2A OCT 8 22 5 19 NOV 1980 LATEST DATA PLOTTED WEEK END 1 1 1 1 1 1 1 -1 1 1 11 1 1 1 1 1 3 17 31 14 28 II 25 11 25 8 22 6 20 3 17 DEC JAN FEB MAR APR MAY JUN 1gg| ,• AUGUST 19, “j \JUL 15 29 12 2( 9 23 AUG SEP 1981 CURRENT DATA APPEAR IN THE BOARD 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