Full text of U.S. Financial Data : Week Ending: February 13, 1980

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

D/jr>a

mm
Week ending: February 13r 1980
-IBRARV

The Federal Reserve Board announced new definitions of the
monetary aggregates on February 7. In addition, the Board announced several
changes in its reporting procedures. Weekly monetary aggregate and reserve
data will be released on Friday afternoon instead of Thursday afternoon.
Consequently, this release will be published later than before, and readers
should expect to receive this release somewhat later. This release has been
revised to incorporate these new data. MIA and M1B are now presented on
pages 4-5. M2 was deleted since data on this redefined series will be available
only on a monthly basis. Commercial bank time deposits are now reported as
savings deposits, small time deposits, and large time deposits. These categories
replace the former categories of savings, net time deposits, and large
negotiable CDs, respectively. The charts and data on time deposits that appear
on pages 8 and 12 were revised to incorporate these changes.
The new measure of money—called MIA—is essentially old Ml less
demand deposits held at commercial banks by foreign banks and official
institutions. The new money measure M1B is intended to incorporate the
effects of various financial innovations that have occurred in recent years.
This aggregate incorporates those financial items that are characterized by
being held for check-writing purposes such as NOW accounts, savings accounts
subject to automatic transfer (ATS), credit union share drafts, and demand
deposits at mutual savings banks. The Board has also redefined both M2 and M3
and has introduced a new aggregate—L—which measures total liquid assets held
by the public.
As shown in the table below, the difference between the old Ml,
MIA, and M1B rates of growth were relatively small prior to 1978. Beginning in
late 1978, however, the increased use of NOW and ATS accounts resulted in
faster rates of growth for M1B than MIA for about a year. Over more recent
periods, however, this disparity in growth rates has diminished.

GROWTH RATES OF MONETARY AGGREGATES
(Compounded Annual Rates of Change)

Measure

m/76-in/78

m/78-ffl/79

III/79-IV/79

8.0%
7.7
8.2

5.3%
5.7
8.5

5.1%
4.8
5.4

Ml
(old)
MIA (new)
M1B (new)


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

Prepared by Federal Reserve Bank of St. touis
Released: February 18, 1980

2

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

LLIONS OF DOLLARS
—---------- ----------- 160

BILLIONS OF DOLLARS
160 ------------- 1---------- 1-----BILLIONS.
155.3
155.0
154.7

JAN.

155.2
155.9

155.2

I I I I 1 I I I

I I 1 I
3

17 31

14 28

14 28 11

25

9 23

6 20

4

18

1

15 28 12 26

10 24

7 21

5

IB

NOV

DEC

2 16 30

13 27

FEB

12 26

MAR

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 13, 1980

BY THIS BANK.

A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE FROM

THIS BANK.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
2/14/79

5/16/79

7/11/79

8/15/79

7.8
8.4
8.7
8.9
8.6
8.5
8.6
8.3

10.0
10.2
10. 1
9.5
9.2
9.3
8.8

11.0
10.7
9.7
9.2
9.3
8.7

10.4
9. 1
8.6
8.9
8.2

AVERAGE OF FOUR WEEKS ENDING:

9/12/79 10/10/7!

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
7/11/79
8/15/79
9/12/79
10/10/79
1 1/14/79
12/12/79
1/16/80
2/13/80

.


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

8.3
7.9
8.5
7.7

7. 1
8. 1
7.2

8.6
7.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MULTIPLIER 1/
ADJUSTED FEDERAL RESERVE CREDIT*/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
2.9

RATIO
2.9

MULT PLIER

\

L380

ratio

JAN .

^

.

§§

m
2.4gj
1:417

FEB
Lllll

1 1 1

1 1 i -li.i.

1 1 1 1

1 1 1

111

1111 -i-i i

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 6,

1111 j-i-i.. JJjJ

imiI ■UJ.lin*

1980

BILLIONS OF DOLLARS
'40 ------------- 1---------- ,------

BILLIONS OF DOLLARS
------------------------------- MO

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
the four Weeks ending
FE8RUARY 13, 1980 FROM
ADJUSTED FEDERAL RESERVE CREDIT
DEC.
NOV.
—OCT.
SEP.
AUG.
— MAY
_ FEB.

12
14
10,
12,
15,
16,
14,

1979
1979
1979
1979
1979
1979
1979

.L93.Q

111111
3

17 31

14 28

FEB

14 28

MAR

II

25

APR

9 23

6 20

1

15 29

12 26

JUN
JUL
1979

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 13,

10 24

7 21

5

NOV

DEC

19

2

BILLIONS

111111
16 30

13 27

FEB

12 26

MAR

1980

1/ RATIO OF MONEY STOCK (MIA) / ADJUSTED MONETARY BASE
2/ FEDERAL RESERVE CREDIT CONSISTS OF FEDERAL RESERVE HOLDINGS OF SECURITIES, LOANS FLOAT
AND OTHER ASSETS. ADJUSTED FEDERAL RESERVE CREDIT IS COMPUTED BY SUBTRACfING TREASURY
DEPOSITS AT FEDERAL RESERVE BANKS FROM THIS SERIES. AND ADJUSTING THE SERES FOR RE­
SERVE REQUIREMENT RATIO CHANGES.
DATA ARE C0MPUTE6 BY THIS BANK


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
385

ILL IONS
__ JAN.

— FEB.

372.4
373.6
372. 1
371.4
373. 1
376.8

I

15 29 12 26

10 24

2

NOV
LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 6,

16 30

DEC

13 27

FEB
1980

12 26

MAR

1980

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
M'A 92N?i§TS^OF CURRENCY AND COIN PLUS COMMERCIAL BANK DEMAND DEPOSITS HElD BY THE NONBANK
PUBLIC EXCLUDING THOSE HELD BY FOREIGN BANKS AND OFFICIAL INSTITUTIONS.

MONEY STOCK I MIA)
COMPOUNDED ANNUAL RATES OF CHANGE,
2/7/79

5/9/79

7/4/79

8/8/79

AVERAGE OF FOUR WEEKS ENDING:
9/5/79

10/3/79

11/7/79

12/5/79

2.5
4.9
4.5

6.1
5.2

6.6

TO THE AVERAGE
OF FOUR WEEKS
END 1NG:
7/
8/
9/
10/
11/
12/
1/
2/

4/79
8/79
5/79
3/79
7/79
5/79
9/80
6/80

7.7
8.2
8.2
7.9
7.3
6.8
7.0
6.7


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

8.6
8.4
8.0
7.0
6.3
6.7
6.4

9. 1
8.2
6.7
5.9
6.5
6. 1

7.0
5. 4
4.6
5.7
5.3

4.3
3.7
5.2
4.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK (MIB)

23

368. 8
390. 3
388. 9
387. 7

JO
6

393.

HI

FEB

?.
9
16

1

-

-

SILL IONS

i mo
JAN.

BILLIONS OF DOLLARS

1

1

“

!

1

I

II

-

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

1

BILLIONS OF DOLLARS
400

0
fvv

<L

T
z

^---- S7

LLL

r

11

,V"
I

-

-

365

t

z

:b
MJJ.L i 1 1

ULL

A, A
\
_ w

i 1 1 JJjiXU_L _LLL J_LL i.I.U- 1 1 1

5 17 31 14 28 14 28 II 25 0 23
MAY
JAN
FEB
WAR
APR

1 II 1 1 11 j. i.

15 ?Vl 12 28

6 20
JUN
JUL
1979

AUG

LATEST DATA PLOTTED WEEK END IMG: FEBRUARY 6.

SEP

111

Mil

DEC

JAN

1 1 1

III'

10 24

OCT

NOV

FEB
1980

1980

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 fiELEASE.
MIB CONSISTS OF MIA PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITARY INSTITUTIONS.

MONEY STOCK ( MIB )
COMPOUNDED ANNUAL RATES OF CHANGE,
2/7/79

5/9/79

7/4/79

10,3
10.8
10.5
10. 1
9.2
8.5
8.7
8.3

10.0
9.6
9. I
7.9
7. 1
7.6
7. 1

i i .0
9.7
7.8
6.8
7.5
6.9

8/8/79

AVERAGE OF FOUR WEEKS ENDING:
9/5/79

10/3/79

11/7/79

12/5/79

4.8
3.9
5.8
5.2

2.6
5.4
4.8

6.8
5.5

7. 1

TO THE AVERAGE
Of FOUR WFEKS
ENDING:
7/
0/
9/
10/
11/
12/
1/

4/79
8/79
S/79
3/79
7/79
5/79
9/80

2/

6/80


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

7.8
5.9
5.0
6.3
5.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
16.5 rr

PERCENT
-=a 16.5

14.5

14.5

13.5

PRIME BANK
LOAN RATE
11.5

COMMERCIAL PAPER

1 1.5

1 1.0
10.5

90 DAY CD'S
10.0

CORPORATE Aaa BONDS

MUNICIPAL
BONDS se«

2

JAN

FEB

16 30

MAR

13 27

APR

11

MAY

25

8 22

6 20

3 17 31

JUN
JUL
1979

AUG

14 28

SEP

12 26

OCT

0 23

NOV

DEC

JAN

FEB
1980

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: FEBRUARY 15,

1980
JAN.

FEB.

MAR.

4
1 1
18
25
1
8
15 X
22
29
7
14
21
28

MAR
1980

90 DAY
CD'S

PRIME
COMMERC1AL
PAPER XXX

PRIME
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

MUNICIPAL
BONDS XX

13.45
13.38
13.33
13.42
13.36
13.43
13.50

12.98
12.82
12.88
12.97
13.01
13.01
13.05

13.29
13.09
13.04
13.24
13.11
13.13
13. 17

10.88
10.91
10.99
11.22
11.49
11.95
12. 13

7.32
7.30
7.28
7.33
7.52
7.71
N. A.

* AVERAGES OF RATES AVAILABLE
XK 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
16.0

FEDERAL FUNDS RATE
15.5

15.5

15.0

15.0
14.5

14.0

14.0

13.5

13.5
13.0
12.5

12.0
11.5
11.0

11 .0

10.5

10.5

10.0

10.0
9.5

3-5 YEAR
TREASURY SECURITIES

9.0
THREE-MONTH TREASURY
BILL MARKET YIELD

8.5
8.0
7.5
0

JAN

FEB

DEC

JAN

1979

1980

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: FEBRUARY 15,

1980
JAN.

FEB.

MAR.

4
1 1
18
25
1
8
15 *
22
29
7
14
21
28

1980

FEDERAL
FUNDS **

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL met

1-YEAR
TREASURY
BILL

3-5 YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECUR1T1ES

14.04
13.94
13.91
13.77
13.54
12.80
13.64

12. 10
11.72
11.91
12. 17
12. 15
12.05
12.21

11.88
11.86
11.78
11.89
11.85
11.99
12.26

10.97
10.78
10.83
11.05
11.23
11.51
11.76

10.59
10.58
10.66
10.87
11.13
11.66
1 1.81

10.21
10.27
10.42
10.73
1 1 .01
11.51
11.69

K AVERAGES OF RATES AVAILABLE.
** SEVEN-DAY AVERAGES FOR WEEK ENDING WEDfCSDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE.
XX» 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. LOUIS

7

8

SAV NGS PLUS SMALL TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

445

— JAN.

425

415

400

FEB

NOV

MAR

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 6,

DEC

FEB

MAR

1980

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN *100,000.

SAVINGS PLUS SMALL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
2/7/79

5/9/79

7/4/79

AVERAGE OF FOUR WEEKS ENDING:

8/8/79

9/5/79

10/3/79

11/7/79

8. I
7. 1
7.8
7.2
7.7

S. 6
6.9
6.4
7. 1

7.5
6.7
7.5

7.3
8.2

12/5/79

TO THC AVERAGE
OF FOUR WEEKS
ENDING-.
7/
8/
9/
10/
11/
12/
1/
2/

4/79
8/79
5/79
3/79
7/79
5/79
9/80
6/80

7.9
8.6
8.9
8.5
8. 1
8.3
8.0
8. 1


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

12.9
12.3
11 .0
9.9
• 10.0
9.3
9. -1

1 I . I
9. 4
8.3
8.6
8.0
8.3

1

7.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

DEMAND DEPOSIT COMPONENT OF MONEY STOCK (MIA)
AVERAGES OF DAILY FIGURES
StASUINALLY ADJUSTED

BILLIONS OF OOLLARS
285 ------------- 1---------- ,------

ILL IONS OF OOLLARS
---------------------------- 285

265.9
266.4
265.0
264. I
265.4
268.6

□ 1 1 I Ll I I

I I I. LLL.1 1 I I I I I II 1 II I

3JAN
17 31 FEB
14 28 MAR
14 28 APR
II 25 MAY
9 23

0 20
JUN

111111
I

4 ll
JUL

15 29

12

26

10

24

2

il l 11

16 30

13

27

FEB
1980

1979
LATEST DATA PLOTTED WEEK ENDING; FEBRUARY 6,

12

MAR

I960

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

DEMAND DEPOS1T COMPONENT OF MONEY STOCK ( MIA )
COMPOUNDED ANNUAL RATES OF CHANGE,
2/7/79

5/9/79

7/4/79

8/8/79

AVERAGE OF FOUR WEEKS ENDING:
9/5/79

10/3/79

11/7/79

1.5
4.5
3.3

6.3
4.2

12/5/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
7/
8/
9/
10/
11/
12/
1/
2/

4/79
8/79
5/79
3/79
7/79
5/79
9/80
6/80

7.3
7.8
7.5
7.0
6.3
5.8
6.3
5.7


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

7.9
7.3
6.6
5.5
5. 1
5.7
5. 1

7.8
6.5
5.0
4.4
5.4
4.6

4.6
3.3
3.0
4.5
3.7

2.2
2.2
4.2
3.4

5. 1

PREPARED BY FEDERAL RESERVE BANK OF ST.

9

LOUIS

26

10

CURRENCY COMPONENT
OF MONEY STOCK MEASURES
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
110 ------------- 1---------- ,------

BILLIONS OF DOLLARS
------------------------------- 1 ,0

BILUQNS
06.5
107.2
107.1
107.3
107.7
108.1

3

17 31

14 28

FEB

14 28

MAR

II

25

APR

9 23

6 20

4

JUN

JUL

18

1

15 29

12 26

10 24

7 21

2

16 30

13 27

12 26

1980
LATEST DATA PLOTTED WEEK ENDING; FEBRUARY 6,

1980

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

CURRENCY
COMPOUNDED ANNUAL RATES OF CHANGE
2/7/79

5/9/79

7/4/79

8/8/79

8.8
9.6
10. 1
10.3
9.9
9.3
9. 1
9.3

10.8
11.4
1 1.5
10.6
9.7
9.3
9.7

13. 1
12.7
11.2
9.8
9.3
9.7

12.6
10.5
8.9
8.5
9. 1

AVERAGE OF FOUR WEEKS ENDING;
9/5/79

10/3/79

11/7/79

12/5/79

5.6
6.2
7.6

5.6
7.8

9.6

TO THE AVERAGE
OF FOUR WEEKS
ENDING;
7/
8/
9/
10/
11/
12/
1/
2/

4/79
8/79
5/79
3/79
7/79
5/79
9/80
6/80


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

9.2
7.5
7.4
8.4

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
ALL MEMBER BANKS IN THE NATION
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
ISifi

FEB.

3

17 31

BILLIONS OF-

dollars

MILLIONS

6

14 28

FEB

14 28 11

MAR

23

25

6 20

4

18

I

15 29

12 26

10 24

JUN
JUL
1979

APR

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 13,

7 21

5

NOV

DEC

10

2

16 30

13 27

FEB

12 26

MAR

1980

BUSINESS LOANS
(COMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
160
/
158
156
154
152
150
148
146
.
144
142
140
138

BILLIONS OF DOLLARS
160 -------------1---------- 1---------- 1---------~ COMPOUNDED ANNUAL RA TES
158
OF CHANGE. AVERAGE 0 F
_ THE FOUR WEEKS END 1N G
156 — FEBRUARY 6, 1980 FROM
- THE FOUR WEEKS ENOING:

154
152
150
148

- DEC.
_NOV.
_ OCT.
__SEP.
AUG.
MAY
~ FEB.

5,
7,
3,
5,
8,
9.

7,

979
979
979
979
979
979
979

24.4
14.4
9.9
13.0
14.2
17.4
18.4

/

146

/

-

144
142

-

140
-

138
136

-

/

198 )

S

-

134
-

130
!llll

111

1 1 1

-Ll-L

1111

JAN

FEB

MAR

APR

MAY

0

_

136
134

JAN.

132

128

MILLIONS

111

111

JUN
JUL
1979

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 6.


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

1 1 IX 111
AUG

SEP

1111

111

1 1 1

OCT

NOV

DEC

2
155,957
9
156,714
16
156,856
23
157,415
30
158,051
6
159,358
—
1111 ii 111111'
JAN

FEB
1980

MAR

1980
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

132
130
128
0

12
LARGE TIME DEPOSITS
ALL

COMMERCIAL BANKS

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUS ItD

ILL IONS OF DOLLARS

IONS OF DOLLARS

BILLIONS
192

—JAN.

187.7

I I I I

I I I I
3 17 31

M 28 H 28 11 23

FEB

MAR

9 23

APR

6 20

4 18

JUN

JUL

LATEST DATA PLOTTED WEEK ENDING-. FEBRUARY 6,

NOV

DEC

FEB

MAR

1980

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
T|ME 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