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0/1

rA

Week ending: August 4, 1982
LIBRARY
AUG 1 0 J98f
The discount rate was lowered from 11.50 to 11
percent during the past week, after being reduced from 12 to
11.50 percent on July 20. The discount rate had been 12
percent from early December of last year until July 20. The
federal funds rate declined during the past four weeks to just
above the 11 percent discount rate. In contrast, from
January through mid-July of this year, the federal funds rate
was on average about 240 basis points above the discount rate.
As
the
federal
funds
rate
declined
to
approximately the level of the discount rate, borrowings
from Federal Reserve Banks declined to about $600 million in
the past four weeks, compared with an average of about
$1,440 million in January through mid-July of this year. The
average level of borrowings in the past four weeks is
comparable to that in November and December of last year,
another period when, on average, the federal funds rate was
approximately equal to the discount rate.
The prime rate of commercial banks was reduced
from 16.50 to 15 percent between July 20 and August 2.
Commercial banks tend to adjust this rate in response to
recent movements in short-term interest rates, in particular,
the yield on 90-day certificates of deposit (CDs). From late
February through mid-July, when the prime rate was
unchanged at 16.50 percent, the gap between it and the yield
on 90-day CDs averaged about 220 basis points. That
interest rate gap has widened substantially in recent weeks,
and even after the reduction to 15 percent, the prime rate is
still about 360 basis points above the yield on 90-day CDs in
the most recent week.

Prepared by Federal Reserve Bank of St. Louis


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

Released: August 6, 1982

2
ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
182

BUrUQNS.
177.6
177.7
177.9
178.6
178.2
178.4

1

15

2B

12

26

9

23

7

21

OCT

NOV

JAN

LATEST DATA PLOTTED WEEK ENDING; AUGUST 4,

FEB

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 DEPOSIT6rY 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,
8/5/81

11/4/81

1/6/82

AVERAGE OF FOUR WEEKS ENDING:

2/3/82

3/3/82

8.4
9.2
9.4
8.9
7.8

8.3
8.8
8.4
7.2

4/7/82

5/5/82

6/2/82

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

6/82
3/82
3/82
7/82
5/82
2/82
7/82
4/82

4. 1
4.6
5.4
5.5
6. 1 ■
6.4
6.5
6.2


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

9.4
9.8
8.9
9.3
9.4
9. 1
8.3

9. 1
8.0
8.7
8.9
8.6
7.7

10.5
9.3
7.6

8.5
6.5

5.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
52 ---------- 1------------- .--------

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

BILLIONS
JUN.
48.7
49.5
49.8

I

15 29

12

AUG

26

9 23

SEP
1981

7

21

OCT

4

18

2

16

30

13 27

10 24

10 24

NOV

7

21

5

19

2

16 30

14 28

11

25

APR
MAY
1982

LATEST DATA PLOTTED WEEK ENDING: JULY 28,

1982

ADJUSTED MONETARY BASE (RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE
BANKS PLUS CURRENCY IN CIRCULATION) LESS CURRENCY HELD BY THE NONBAhK PUBLIC?

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

7/29/81

10/28/81

12/30/81

1Z27/82

3/3/82

3/31/82

4/28/82

5/26/82

0.5
1.3
5.0
5.4
5. 1
5.2
6.0
4.9

8.0
12.9
12. 1
10.6
9.9
10.4
8.4

17.0
14.3
1 1 .4
10.3
10.9
8.2

18.3
13.3
11.4
11.9
8.6

5.5
5.5
7.8
4.7

4. 1
7.6
3.8

9.8
4.2

3.6

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/30/81
1/27/82
3/ 3/82
3/31/82
4/28/82
5/26/82
6/30/82
7/28/82


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

-

1982

- JUN.
=
-JUL.
“
Z

6
5
9
6
5
4

ZA z
\

(K

llll

440

/

Z
435

m i T ill,

445

IONS

449.
445.
451.
451.
450.
451.

TTTT TTTT

450

aju

I n n IN I

455

23
30
7
14
21
28

BILLIONS OF DOLLARS
470

llll m i m i m i

BILLIONS OF DOLLARS
470 E
1
1

r
a

5

11II

420

TTTT

425

TTTT TTTT

n

1
1

430

s
1

1

1111
I

111

ini

15 20 12 26

JUL

111

111

9 23

AUG

llll
2

SEP
1981

DEC

LATEST DATA PLOTTED WEEK ENOING: JULY 28.

111

16 30

111

13 27

JAN

10 24

FEB

i

i i i

111

in

1 1 l_L.

10 24

7 21

5

2

MAR

APR
MAY
1982

19

16 30

JUN

111

111

14 28

JUL

II

2

AUG

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,
7/29/81

10/28/81

6.3
9.2
7. 1
6.4
7.3
6.3
5.4
5. 1

15. 1
9.6
8.0
9.2
7.5
6.0
5.6

12/30/81

1/27/82

AVERAGE OF FOUR WEEKS ENDING:
3/3/82

3/31/82

8.3
4.3
2.3
2.3

6.0
2.7
2.6

4/28/82

5/26/82

TO THE AVERAGE
OF FOUR WEEKS
ENOING:
12/30/81
1/27/82
3/ 3/82
3/31/82
4/28/82
5/26/82
6/30/82
7/28/82


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

9.0
6.5
8.6
6.3
4.6
4.3

-1 . 4
3.6
2.0
1.0
1.2

-2.7
-1.1

-0.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

450

445

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

RATIO
2.9

RATIO

Ml MULTIPLIER

I I I I
LATEST DATA PLOTTED WEEK EhflJING: JULY 28,

1982

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

BILLIONS OF DOLLARS
132

-

COMPOUNDED ANNUAL RA7 ES
OF CHANGE. AVERAGE OF
-----THE FOUR WEEKS END INC
JULY 28, 1982 FROM
- THE FOUR WEEKS END 1NC
-----MA Y
AP R.
- MA R.
MA R.
-----JA
OC T!
- JU L.

26,
28,
31,
3,

1982
1982
1982
1982
1981
1981

v-

8.3
6.9

-

7.5
8.2
9.3
8.6

28|
29,

-

CURRENCY

-

/

-

V1
-

-

1982
j ur> :

-

1

B ILL IQ

US

”

!l

JUL

is ill:!
7
i i 1
3 17
JUN

l-LLL -J.Ll.
1

15 29

JUL

12 26

AUG

iiii

9 23

SEP
1981

-LI 1 ..11 1
7 21

OCT

IIII
2

NOV

DEC

LATEST DATA PLOTTED WEEK ENDING: JULY 28,

1 1 1

16 30

-LI 1

13 27

JAN

.1.11 1

10 24

FEB

10 24

MAR

i

1 J-l. 111 1111111 n
1 1 1
7 21
5 19
2 16 30 14 28 II 25
APR
MAY
JUN
JUL
AUG
1982

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

PERCENT
—I 22.0

22.0 r—
21 .0

21.0

20.0

20.0

90 DAY CD'S
18.0
PRIME BANK
LOAN RATE

17.0

14.0
Aaa

BONDS

13.0
MUNICIPAL
BONDS**

12.0

COMMER
10.0

5 19

JUN

3

17 31

JUL

14 28

AUG

11

25

SEP
1981

9 23

OCT

6 20

4

NOV

DEC

18

I

15 29 12 26

JAN

FEB

12 26

MAR

9 23

7 21

APR
MAY
1982

JUN

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: AUGUST 6,

1982
JUNE

4
1 1
18
25
JULY
2
9
16
23
30
AUG.
6 *
13
20
27

90 DAY
CD'S
13.72
13.83
14.56
15. 13
15.21
14.80
13.96
12.58
12.01
11.40

PRIME
COMMERC1AL
PAPER ***

PRIME
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

13. 15
13.39
13.98
14.55
14.68
14.24
13.46
12.05
12.01
11.25

13.29
13.46
14.16
14.65
14.73
14.15
13.50
12.03
11.71
11.19

14.50
14.62
14.79
15. 10
15.07
14.96
14.65
14.32
14.39
14.22

CORPORATE
Baa BONDS
16.80
16.85
16.92
17.03
16.95
16.88
16.82
16.70
16.78
16.66

JUL

AUG

1982

MUNICIPAL
BONDS **
12.13
12.40
12.63
12.62
12.58
12.47
12.36
12.01
11.97
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

PERCENT

22.0 i—

—

21.0

22.0
21.0

20.0

20.0

19.0

17.0
5-YEAR
TREASURY SECURITIES
FEDERAL FUNDS RATE
15.0

M.O

DISCOUNT
RATE

3-MONTH
TREASURY BILL

S

IB

3

17 31

14

28

11

25

1

NOV

10.0

15 29

DEC

12 26

FEB

12

26

9 23

7

21

MAR

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: AUGUST 6,

1982
JUNE

4
1 1
18
25
JULY
2
9
16
23
30
AUG.
6 *
13
20
27

FEDERAL
FUNDS *X
13.43
13.60
14.24
14. 17
14.81
14.47
13.18
12. 14
11.02
11.15

3-MONTH
TREASURY
BILL
12.09
12.06
12.46
12.88
12.81
12.23
1 1.71
10.64
10.51
9.67

6-MONTH
TREASURY
bill matt

1-YEAR
TREASURY
BILL

11.59
12. 12
12.50
13.03
13.42
12.98
11.97
11.44
11.38
10.67

12.09
12.20
12.68
13.00
12.86
12.50
12.06
11.29
11.50
11.06

5-YEAR
TREASURY
SECURITIES
13.98
14.04
14.48
14.90
14.73
14.48
14. 10
13.66
13.89
13.53

1982

LONG-TERM
TREASURY
SECURITIES
13.49
13.51
13.83
14.03
13.85
13.68
13.40
13.11
13.30
13.04

* AVERAGES OF RATES AVAILABLE.
** SEyEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
www £ySR^J.,2AI£-r£PPEAR IN THE B0ARD 0F GOVERNORS1 H.15 RELEASE.
*** NEW

ISSUE RATE


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

computed by

™e

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

1982

M
l

^

)

A_

A

1111

1111

1Av

vj

'

1 1

1

316.
312. 5
318. 4
318. 7
317. 2

1

1

1111

BILL IONS

23
30
7
14
21
28

r-

1
1111

1

-

I_ JUN.
_
- JUL.
-

BILLIONS OF DOLLARS
335

TTTT TTTT

BILLIONS OF DOLLARS
335 =—1—1

1

1 1

V
A-

A

/ \y

1

V

1 1 1
1

A

TTTT

A
7^

1

TTTT

1 1 1

|

!lll 1111
3

17

JUN

1 1 LL 11L. 111

111
29

12 26

AUG

9

23

SEP
1981

21
OCT

1111 ia 1 1 1
IS 30

DEC

LATEST DATA PLOTTED WEEK ENDING: JULY 28,

13 27

JAN

1 1 LL 1 1 1

10 24

FEB

10 24

MAR

7

21

111
5

1111

111

Ilf

JUN

JUL

AUG

19

APR
MAY
1982

1982

1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
7/29/81

10/28/81

6.6
10.6
7.5
6.6
7.6
6. 1
4.6
4.4

17.9
10.3
8.3
9.5
7.0
4.9
4.6

12/30/81

1/27/82

AVERAGE OF FOUR WEEKS ENDING:
3/3/82

3/31/82

4/28/82

5/26/02

3.7
-0.5
0.0

-7.3
-4.6

-3.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/30/81
1/27/B2
3/ 3/82
3/31/82
4/28/82
5/26/82
6/30/82
7/28/82


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

9.8
6.5
8.8
5.5
3.0
2.8

-4.2
1 .8
-0.6
-2. 1
-1.5

7.8
2.3
- 0.5
- 0. 1

PREPARED BY FEDERAL RESERVE BAM< OF ST. LOUIS

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

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
---------------------------- =1 850

850 rz--------1------------- 1------

BILLIONS
JUN.

23

822.5
832.1
833. I
839.7

1

JUN

15 29

JUL

12

26

AUG

9 23

SEP
1981

7

21

OCT

4

18

NOV

2

16 30

DEC

LATEST DATA PLOTTED WEEK ENDING: JULY 28,

13 27

JAN

10

24

FEB

10

24

MAR

7

21

APR
MAY
1982

JUN

JUL

AUG

1982

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

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE ,
7/29/81

10/28/81

12/30/81

7.5
7.5
8.9
10.2
11.3
11.8
12.4
13.0

4.5
7.7
9.9
11.6
12.2
13.0
13.8

12.6
15.0
16.5
i6.5
16.7
17.3

1/27/82

AVERAGE OF FOUR WEEKS ENDING:
3/3/82

3/31/82

4/28/82

5/26/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/30/81
1/27/82
3/ 3/82
3/31/82
4/28/82
5/26/82
6/30/82
7/28/82


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

18.3
19.2
18.6
18.3
18.8

20.9
19.5
18.9
19.4

18.9
18.3
19. 1

17. 1
18.4

19.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10
6MALL TIME DEPOSITS!/
COMMERCIAL BANK SAVINGS DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
420 E--------1------------- 1---------- 1------------410
400
390
380
370

=
Z

=
=
=
Z

BILLIONS OF DOLLARS
420

E

COMPOUNDED ANNUAL RAT ES
OF CHANGE, AVERAGE OF
the four Weeks endinc
JULY 28, 1982 FROM
THE FOUR WEEKS ENDINC
MAY
APR.
MAR.
MAR.
JAN.
OCT.
JUL.

26,
28,
31,
3,
27,
28,
29,

1982
1982
1982
1982
1982
1981
1981

23.7
23.9
25.8
26.4
24.9
18.8
21.7

410

E
400

E
390

E
SMALL TIME

380

5EP0S TS

E
370
E

360

360
E

E

E

=

350

350

340

340
=

330

J_ 982

!—

320
E
310

Llx
1111

111

i n l

111

111

mi

LATEST DATA PLOTTED WEEK ENDING: JULY 28,

111

111

1111

111

B ILL 10 NS

JUK .23
30
.
7
14
21
28
i i i i

jj_lJ

=

392.7
=
394.9
z
397.0
—
399.5
=
401.6
z
403.8
—
I i i i i i i i!

330
320
310

1982

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
185

1.98.2

BILLIONS

180

JUN.
175
170
SAVINGS DEPOSITS

165
160
155

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
JULY 28, 1982 FROM
THE FOUR WEEKS ENDING:
MAY
APR.
MAR.
MAR.
JAN.
OCT.
JUL.

26,
28,
31,
3,
27,
28,
29,

150
145

1982 -I 1.0
1982 -8.0
1982 -6.3
1982 -2.8
1982 -2.0
1981
1.7
1981
-4.8

140
135
130

J_L1.1-Ll-Ll_l.il 1 1 1 1 111 1 1 J

0

1981
LATEST DATA PLOTTED WEEK ENDING: JULY 28,

1982
1982

1/ COMMERCIAL BANK TIME OEPOSITS 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

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
---------------------------- =1 5.0

5.0 r=--------i------------- .-----=

1982

MILLIONS

JUN. 30

I

15 29

12

26

9

23

7

21

4

18

2

13 27

16 30

10 24

10

24

7

21

APR
LATEST DATA PLOTTED WEEK ENDING-. AUGUST 4,

30

14

28

11

25

MAY

1982

BUSINESS LOANS u
(COMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL
BILLIONS OF DOLLARS

220
216

212
208
204
200

BANKS

2/

SEASONALLY ADJUSTED BY THIS BANK

BILL IONS. OF DOLLARS

220

z--------1------------- 1---------- 1------------Z
Z
~
=
Z
Z
-

z

COMPOUNDED ANNUAL RATE_s
OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
JULY 21. 1982 FROM
THE FOUR WEEKS ENDING
MAY 19, 1982
18.4
APR. 21 , 1982
19.0
MAR. 24, 1982
22.0
FEB. 24, 1982
17.8
JAN. 20, 1982
21.2
OCT. 21 , 1981
17.5

216

E
z

208

z
204

z

188

196

z

_

192

E

=

188

-

E

E

E

E

184

184

180
176

198
_

E
172
168

200

z

&
196
192

212

Z
:7
1 1 1

M11

111

JUL

AUG

i

j

ii

11 1

1 1 1

1 1 1 1

OCT

NOV

DEC

111 -LI 1

16 30

JUN

SEP
1981

LATEST DATA PLOTTED WEEK EN0ING-. JULY 21,

13 27

JAN

XI 1 1

10 24

FEB

10 24

MAR

MILLIONS

-

■ JUN. 16
211,178
Z 176
23
209,553
30
212,217
Z 172
JUL.
7
212,584
14
213,158
21
212,337
“ 168
Li.LLi.Li 11 j 111;
1 1 1
111
IB 2 16 30 14 28 II 25
APR
MAY
JUN
JUL
AUG
1982

1982

1/ BUSINESS LOANS INCLUDE BANKERS’ ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF 6750 MILLION OR MORE


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

PREPARED BY FEDERAL RESERVE BANK OF ST.

11

180

LOUIS

12
LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

ILL IONS OF DOLLARS

----- --------- ------ Z2 285

285 rz-------- ,--------------1—

BILUQNS

I

15 29 12 2fl

9 23

7 21
JAN

LATEST DATA PLOTTED WEEK ENDING: JULY 28,

FEB

1982

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1 H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100,000 OR MORE.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102