Full text of U.S. Financial Data : Week Ending: February 25, 1976
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Week ending: February 25r 1976 library DEC 2 S 1979 The pattern of asset acquisition by large commercial banks has shifted over the last two years. Loans have decreased by $15.3 billion in the last year, compared to an increase of $23.6 billion in the previous year. The decrease in loans in the most recent year has been offset in commercial bank portfolios by a $17.3 billion Increase in the holdings of U.S. Treasury securities. The recent increase in security holdings is in contrast with the $2.2 billion decrease in the previous year. This year’s loan run-off has slowed in the last six months, as indicated in the table below. Increases in holdings of Treasury securities have been of approximately the same magnitude in both the most recent six months and the previous six months. However, the maturity structure of securities has changed over the two six-month periods. In the most recent six months a larger proportion of the increases in holdings of securities has been in shorter-term bills and notes. In the previous six months more of the increase in holdings of securities was in medium-term (1 to 5 years) maturities. CHANGES IN SELECTED ASSETS OF LARGE COMMERCIAL BANKS 1/ (millions of dollars) 2/19/75 t0 2/ 8/20/75 Loans (excl. Fed funds sold) 8/20/75 t0 2/ 2/18/76 2/19/75 t0 2/ 2/18/76 $-11,108 $-4,220 $-15,328 9,109 8,235 17,344 3,749 5,377 9,126 1,329 4,379 -348 1,617 1,243 -2 2,946 5,622 -350 U.S. Treasury Securities Bills Notes and Bonds Maturing: Within 1 Year 1 to 5 Years After 5 Years —^ Data are not seasonally adjusted. 2/ — Data are changes in the average for the four weeks ended these dates. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Prepared by Fed eral Reserve Bank of St. Louis Released: February 27, 1976 MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS 12I£ JAN. 21 26 4 FEB. BILLIONS OF DOLLARS 124 MILLIONS 119,578 120,169 120,901 122 120 118 116 114 112 1 15 29 12 £6 12 26 FEB 9 23 7 21 1 II 2 16 30 15 27 MAR AUG 10 24 « 22 5 19 SEP 3 17 51 4 26 11 JAN 23 10 24 FEB LATEST DATA PLOTTED WEEK ENDING, FEBRUARY 25, 1976 THE MONETARY BASE CONSISTS OF MEMBER BANK RESERVES AT THE FEDERAL RESERVE BANKS AND CURRENCY 1N CIRCULAT1 ON (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF COMMERCIAL BANKS). ADJUSTED R£T,° CHANTS ***> SHIFTS in the same type OF DEPOSITS between BANKS *HERE P'FFERENT RESERVE REQUIREMENT RATIOS APPLY. THE MAJOR SOURCES OF THE MONETARY BASE ARE fERAL RESERVE CREDIT AND THE COLD STOCK. DATA ARE COMPUTED BY THIS BANK. A DETAILED D£TJlK.l2!Lr,J2!-2S02CS OP THE MONETARY BASE IS AVAILABLE AS REPRINT NO. 31 FROM THE FEDERAL RESERVE BANK OF ST. LOUIS. COMPOUNDED ANNUAL RATES OF CHANGE, 2/26/75 5/28/75 7/23/75 8/27/75 8.1 7.4 7.4 6.7 7.5 7.6 6.2 7.1 9.7 9.2 7.6 8.6 8.7 6.6 7.7 6.0 4.4 6.8 7.2 4.8 6.4 4.3 7.6 8.0 4.8 6.8 AVERAGE OF FOUR WEEKS ENDING, 9/24/75 10/22/75 11/26/75 12/24/75 TO THE AVERAGE OF FOUR WEEKS ENDINGt 7/23/75 8/27/75 9/24/75 10/22/75 11/26/75 12/24/75 1/28/78 2/25/76 2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7.5 8.1 4.1 6.6 11.5 5.1 7.9 0.9 6.0 4.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MULTIPLIER 1/ FEDERAL RESERVE CREDIT*/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO RATIO 2.8 2.7 MULTIPLIER 2.6 2.5 2.4 BAT IQ 2.3 2.2 LATEST DATA PLOTTED WEEK END I MGj FEBRUARY 18, 19T6 BILLIONS OF DOLLARS BILLIONS OF DOLLARS 116 COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF THE FOUR WEEKS ENDING FEBRUARY 25. 1976 FROM THE FOUR WEEKS ENDING. DEC. NOV. OCT. SEP. AUG. MAY FEB. 24, 26, 22 24 27 28. 26, 114 112 1975 28.2 1975 17.8 -------------------1975 17.3 1975 18.0 1975 23.1 . _ ... 1975 13.5 110 FEDERAL RESERVE CREDIT 108 106 104 iaZ£ MILLIONS 102 100 96 llllll i is ti it h FEB it a a 23 r 21 3 IB 2 16 30 13 27 10 24 MAR AUG SEP B 22 3 19 3 17 31 14 2B 11 23 10 24 JAN FEB LATEST DATA PLOTTED WEEK ENDING. FEBRUARY 25. 197B 1/ RATIO OF MONEY STOCK (Ml ) / MONETARY BASE. 2/ DEFINED TO INCLUDE HOLDINGS OF SECURITIES, LOANS, FLOAT AMD ■‘OTHER*• ASSETS, ADJUSTED FOR RESERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSIT^ 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 680 BILLIONS 675 668.0 669.3 670 6T0.T 665 678.3 660 655 650 645 640 635 630 625 620 615 610 1 15 29 12 25 12 2S FEB 9 23 MAR 7 21 4 10 MAY JUN 2 10 30 13 27 10 24 AUG 0 22 5 19 3 17 31 SEP 14 20 11 25 10 24 JAN 1975 FEB 1976 LATEST DATA PLOTTED WEEK ENDING. FEBRUARY 18, 1976 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. MONEY STOCK PLUS NET TIME DEPOSITS (M2 ) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS END 1NG, 2/19/75 5/21/75 7/16/75 8/20/75 12.0 10.9 10.4 9.4 9.4 9.2 8.9 9.5 12. 1 10.9 9.2 9.2 8.9 8.6 9.4 6.7 5.3 6.4 6.5 6.5 7.8 4.6 6.4 6.5 6.5 8. 1 9/17/75 10/15/75 11/19/75 12/17/75 TO THE AVERAGE OF FOUR WEEKS ENDING. 7/16/75 8/20/75 9/17/75 10/15/75 11/19/75 12/17/75 1/21/76 2/18/76 4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6. 1 6.4 6.4 8.3 8.3 7.6 9.7 6.8 9.8 11.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 295.0 295.3 294.6 296.5 I 13 29 12 26 12 26 FEB 9 23 7 21 4 18 2 16 30 13 27 10 24 MAR AUG 8 22 5 19 SEP 3 17 31 14 26 11 23 10 24 JAN 1975 FEB 1976 LATEST DATA PLOTTED WEEK ENDING, FEBRUARY IB, 1976 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1 H.6 RELEASE. THE MONEY STOCK CONSISTS OF DEMAND DEPOSITS PLUS CURRENCY AND COIN HELD BY THE NONBANK PUBLIC. COMPOUNDED ANNUAL RATES OF CHANGE, 2/19/75 5/21/75 7/16/75 8/20/75 9.0 7.8 7.9 6.3 6.3 5.8 5.4 5.3 9.0 8.8 6.1 6.1 5.5 4.9 4.9 5.3 2.1 3.2 2.9 2.6 2.9 1 .6 3.3 2.9 2.5 2.9 AVERAGE OF FOUR WEEKS ENDING, 9/17/75 10/15/75 11/19/75 12/17/75 TO THE AVERAGE OF FOUR WEEKS ENDINGt 7/16/75 8/20/75 9/17/75 10/15/75 11/19/75 12/17/75 1/21/76 2/18/76 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.2 1.2 1.3 1.9 4.0 3.1 3.5 1.4 2.5 3.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT 11.5 11.0 10.5 10.5 10.0 9.5 CORPORATE AAA BONDS 9.0 8.5 'RIME BANK PAN RATE 8.0 7.5 MUNICIPAL BONDS** 7.0 6.5 6.0 COMMERCIAL PAPER 5.5 5.0 4.5 4.0 3 17 31 M 26 H 28 11 FEB MAR 25 9 23 APR 6 20 4 18 JUN JUL 1 15 29 12 26 10 24 7 21 3 19 NOV DEC 2 1# 30 13 27 FEB 12 26 MAR 1976 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt FEBRUARY 27, 1976 90 DAY 1976 JAN. FEB. MAR. 2 9 16 23 30 6 13 20 27 x 5 12 19 26 CD’S wem 5.68 5.51 5.13 5. 10 5.02 5.00 5.21 5.20 5.18 PRIME COMMERCIAL PAPER 4-6 MONTH ACCEPTANCES CORPORATE Aaa BONDS MUNICIPAL BONDS mt 5.81 5.40 5.23 5.23 5.13 5.15 5.25 5.28 5.25 5.52 5.25 5.04 5.01 4.94 4.95 4.97 5.02 5.00 8.66 8.63 8.60 8.58 8.57 8.56 8.57 8.56 8.53 7.29 7.13 7.09 7.01 6.85 6.86 6.95 6.97 N.A. PRIME BANKERS’ * AVERAGES OF RATES AVAILABLE. 30E BOND BUYER’S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA. need SEVEN-DAY AVERAGES OF SECOND RY MARKET RATES FOR THE WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATES SHOWN. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.9 RELEASE. N.A. - NOT AVAILABLE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0 SELECTED SHORT-TERM INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT 9.5 ----- PERCENT ----- 9.5 DISCOUNT RATE FEDERAL FUNDS RATE 3.0 3.0 *8 J_L i_LL 11 3 17 31 JAN _LL H 28 14 28 11 FEB MAR 25 APR 11 9 23 MAY _LL ±11 11 6 20 4 18 JUN JUL 1975 1 15 29 12 28 10 24 AUG SEP OCT 11 7 21 5 19 NOV DEC 2 11 16 30 13 27 JAN FEB 1976 12 26 MAR LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGi FEBRUARY 27, 1978 1976 JAN. 2 9 16 23 30 FEB. 6 13 20 27 X MAR. 5 12 19 26 FEDERAL FUNDS MR 3-MONTH TREASURY BILLS 1-YEAR TREASURY BILL 3-5 YEAR GOVERNMENT SECURITIES LONG-TERM GOVERNMENT SECURITIES 5.18 5.12 4.76 4.81 4.80 4.82 4.73 4.70 4.80 5.19 5.07 4.84 4.78 4.72 4.90 4.85 4.87 4.87 5.77 5.58 5.41 5.37 5.32 5.45 5.47 5.58 5.57 7.28 7.20 7.14 7.18 7.16 7.16 7.17 7.20 7.15 7.05 6.96 6.90 6.93 6.94 6.93 6.96 6.94 6.87 * 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 365 BILL 1.QMS. 360 375 377.9 380.4 370 365 360 355 350 345 340 335 330 1 19 29 12 26 12 26 FEB MAR 9 29 7 21 MAY 4 IS Z 10 30 13 Z7 10 24 AUG SEP JUN 1975 « ZZ S 19 9 17 91 14 Z« 11 25 10 Z4 JAN FEB 1976 LATEST DATA PLOTTED WEEK ENDINGi FEBRUARY IB, 1976 CURRENT DATA ATPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. M NET TIME DEPOSITS ARE DEFINED ASt SAVINGS DEPOSITS. TIME DEPOSITS OPEN ACCOUNT PLUS TIME CERTIFICATES OF DEPOSIT OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 9100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS. NET TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGi 2/19/75 5/21/75 7/16/75 8/20/75 14.4 13.5 12.4 11.9 11.9 11.9 11.8 13.0 15.1 12.8 11.9 1 1.9 11.8 11.8 13.3 7.9 8.0 9.1 9.5 9.9 12.0 6.9 6.8 9.5 9.9 12.4 9/17/75 10/15/75 11/19/75 12/17/75 TO THE AVERAGE OF FOUR WEEKS ENDINGi 7/16/75 8/20/75 9/17/75 10/15/75 11/19/75 12/17/75 1/21/76 2/18/76 8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10.2 10.7 10.8 13.7 11.7 11.6 14.9 11.4 16.1 18.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS DEMAND DEPOSIT COMPONENT OF MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 230 -------------1---------- .----- ISIS. BILLIONS OF DOLLARS ----- ---------- ------------- 230 billions 220.9 221.1 222.0 1 15 29 12 29 12 26 FEB 9 23 MAR T 21 4 16 MAY JUN 2 16 30 13 27 10 24 AUG 6 22 5 19 SEP 3 17 31 14 26 11 JAN 25 10 24 FEB LATEST DATA PLOTTED WEEK ENDING. FEBRUARY 18, 1976 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING. 2/19/75 5/21/75 7/16/75 8/20/75 8.7 7.3 7.6 5.7 5.5 4.8 4.3 4.1 8.2 8.6 5.2 5.2 4.2 3.6 3.4 5.1 0.9 2.0 1.3 1.1 1. t 0.6 2.2 1 .3 1.0 1.1 9/17/75 10/15/75 11/19/75 12/17/75 TO THE AVERAGE OF FOUR WEEKS ENDING. 7/16/75 8/20/75 9/17/75 10/15/75 11/19/75 12/17/75 1/21/76 2/18/76 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -1.0 -1.3 -0.9 -0.4 1.8 1.2 1.3 -0.8 0.0 0.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS WEDNESDAY FIGURES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 94 92 90 88 86 84 82 80 76 76 74 72 70 I I I I 1 19 29 12 29 12 29 FEB MAR 9 25 7 21 4 It MAY JUN 1975 2 16 90 19 27 10 24 AUG • 22 5 19 9 17 91 M 29 11 29 10 24 JAN SEP FEB 1976 LATEST DATA PLOTTED WEEK ENDING. FEBRUARY 18, 1976 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. 1976 JAN. 7 14 21 28 FEB. 4 1 1 18 25 MAR. 3 10 17 24 31 CERTIFICATES CERTIFICATES OF DEPOSIT OF DEPOSIT NOT SEAS. ADJ. SEAS. ADJ. 81 .6 79.4 77.8 76.6 75.3 73.9 72.9 81.9 79.9 76.6 77.4 76.7 75.8 75.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOU I! 10 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BORROWINGS FROM FEDERAL RESERVE BANKS ALL MEMBER BANKS IN THE NATION AVERAGES OF DA ILY FiGURES 2.0 TTTT JAN . — . zv — I N I . 11. U .. 0.5 JJZS. MILLION 21 152 26 58 FEB . 4 55 11 51 18 56 25 148 2.5 TTTT 1.0 1 ---- XfA 1.5 1 1.1 11 2.0 BILLIONS OF DOLLARS TTTT BILLIONS OF DOLLARS 2.5 1.5 1.0 0.5 \ r - llll 111 111 JAN FEB MAR jjj APR i 111 111 .mi 111 111 MAY JUN AUG SEP JUL 1111 J-L.l OCT 1111 NOV DEC 1975 — ✓ J-LI JJJ 1 JAN FEB 1976 MAR LATEST DATA PLOTTED WEEK ENDING. FEBRUARY 25, 1976 BUSINESS LOANS ( COMMERCIAL BILLIONS OF DOLLARS 132 ----------------------- ------ AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED BILLIONS OF DOLLARS ----- ---------- ------------- 132 MILLIONS JAN. M JAN FEB MAR APR MAY JUN 2 16 90 15 27 10 21 6 22 JUL AUG SEP OCT 1975 5 1» NOV 111 11 5 17 51 11 26 11 25 10 21 DEC JAN FEB MAR 1976 LATEST DATA PLOTTED WEEK ENDING. FEBRUARY 18, 1976 * LEVELS OF BUSINESS LOANS BEGINNING JANUARY 7 ARE NOT COMPARABLE TO PREVIOUS DATA. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MEMBER BANK DEPOSITS SUBJECT TO RESERVE REQUIREMENTS (CREDIT PROXY) RS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED billions of dollars CREDIT PROXY ADJUSTED 1/ CREDIT PROXY CREDIT CREDIT ADJUSTED 506.5 514.1 515.5 513.8 513.9 516.3 317.0 506.3 506.9 1 15 29 12 M 12 N 9 23 7 21 MINIM I I I I 4 It 2 tt 30 13 27 10 <4 « 22 3 It 3 17 31 14 21 IT 23 10 24 LATEST DATA PLOTTED 3€EK ENDINCt FEBRUARY 18, CURRENT DATA APPEAR AUG SEP JAN FEB 1976 IN THE BOARD OF GOVERNORS* H.9 RELEASE. 1/ INCLUDES MEMBER BANK DEPOSITS, BANK-RELATED COMMERCIAL PAPER, EURODOLLAR BORROWINOS OF U.S. BANKS, AND CERTAIN OTHER NONDEPOSIT SOURCES. * DATA PRIOR TO JANUARY 7, 1976 HAVE BEEN REVISED BUT IS NOT AVAILABLE. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS