Full text of U.S. Financial Data : Week Ending: January 2, 1980
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F//v-a/vc/>at oatx\ Week ending: January 2, 1980 IRARV »8 m Growth rates of the monetary aggregates have fluctuated markedly during the past year. From the four weeks ending December 27, 1978, to the four weeks ending December 26, 1979, Ml and M2 grew at rates of 5.3 and 8.2 percent, respectively. As the table below illustrates, however, after growing at an annual rate of only 2.0 percent during the first four months of 1979, Ml increased sharply at a 9.6 percent rate during the next five months. Recently, Ml growth has slowed to a 2.8 percent rate. M2 exhibited similar variability in its growth during the year. Fluctuations in the growth rates of Ml and M2 in 1979 were associated with changes in the growth rates of the adjusted monetary base (reserves plus currency in circulation). During the first four months of 1979, the base grew at a 5.7 percent rate. Base growth then accelerated to a 10.6 percent rate over the next five months, before slowing to a 7.3 percent rate during the last three months of 1979. The slowing in the growth of the monetary aggregates over the past three months coincides with a change in operating procedures adopted by the Federal Reserve on October 6, 1979. The new procedures place more emphasis on controlling bank reserves—a major component of the monetary base—and less emphasis on controlling short-term movements in the federal funds rate. Period* GROWTH RATES OF MONETARY AGGREGATES (Compounded Annual Rates) Adjusted Monetary Ml M2 Base 12/27/78 to 12/26/79 5.3 % 8.2 % 8.2 % 12/27/78 to 4/25/79 2.0 4.6 5.7 4/25/79 to 9/26/79 9.6 11.8 10.6 9/26/79 to 12/26/79 2.8 7.0 7.3 ♦Four-week averages ending these dates. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Prepared by Federal Reserve Bank of St. Louis Released: January 4, 1980 2 ADJUSTED MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS 160 ------------- 1---------- ,-----1980 _ JAN. 15 29 BILLIONS 153. 1 153.1 153.7 153.6 154.4 154.8 DEC. 1 LLIONS OF DOLLARS -|---------- ----------- *-i 160 13 27 NOV DEC 1978 10 24 7 21 7 21 4 JAN FEB MAR APR 18 2 18 30 13 27 II 25 8 22 5 19 JUN JUL 1979 LATEST DATA PLOTTED WEEK ENDING: JANUARY 2, 3 17 31 OCT 14 28 NOV 12 26 DEC 9 23 JAN 1980 I960 THE ADJUSTED MONETARY BASE CONSISTS OF: 11) 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 IS AVAILABLE FROM THIS BANK. DATA DO NOT INCLUDE REGULATION K RESERVES OF EDGE ACT CORPORATIONS. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE 1/3/79 4/4/79 5/30/79 AVERAGE OF FOUR WEEKS ENDING: 7/4/79 8/1/79 9/5/79 11.5 11.6 1 1.9 9.6 9.7 12.7 12.7 9.7 9.8 12.3 8.2 8.8 10/3/79 10/31/79 TO THE AVERAGE OF FOUR WEEKS ENDING: 5/30/79 7/ 4/79 8/ 1/79 9/ 5/79 10/ 3/79 10/31/79 12/ 5/79 1/ 2/80 5. 1 6.6 6.9 7.8 8.2 8.6 7.9 8. 1 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9.2 9.2 10. 1 10.4 10.7 9.4 9.6 11.2 12.0 12.0 12. 1 10.2 10.2 6.7 7.9 5.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MULTIPLIER!/ ADJUSTED FEDERAL RESERVE CRED I T */ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO RATIO 2.9 2.9 2.7 MULT IP LIER iii NOV. DEC. a RATIC U5 2.476 lift —i 11 ■1.11.1 111 -U.I, 111 1111 .111 LATEST QA*A PLOTTED WEEK ENDING-. DECEMBER 26, 1 1 1 1 1 1 1 12 2.472 19 2.472 26 2.472 Mill 1 1 1 1 1 1 1 Lllll 111 1979 BILLIONS OF DOLLARS 138 136 134 1 130 BILLIONS OF DOLLARS 138 1---------- COMPOUNDED ANNUAL RAT ES -----OF CHANGE, AVERAGE OF THE FOUR WEEKS ENDING ~ JANUARY 2. 1980 FROM -----THE FOUR WEEKS ENDING - 132 1 2.3 OCT. OCT. — SEP. _ AUG. JUL. 31, 3, 5, 1, 4, _ 31 JAN 1979 1979 1979 1979 1979 1979 136 9.0 12.1 12.0 12.8 12.8 AD- USTED 'EDERA L RES LRVE Cf EDIT 134 7* zr 132 130 9.5 - , r - \. r - - is* ia - NOV. DEC. - BILL'ONj ~ 28 133.9 j||_ JAN. s 1 1 1 1 1 1 1 NOV DEC 1978 ..in i JAN 111 FEB 111 111 7 21 4 MAR APR iiii 1 1 1 111 18 LATEST DATA PLOTTED WEEK ENDING: JANUARY 2, -LI 11. 23 JUN JUL 1979 111 8 22 AUG 1 1 1 1 3 17 31 OCT i i i 1 i i i 1 i i i i‘ H 28 NOV DEC JAN 1980 1980 1/ RATIO OF MONEY STOCK ( Ml ) / ADJUSTED MONETARY BASE 2/ ^s*~computed SERVEIREOu!rEMENTARAT^OECHANGESKS DATA ARESC0MPUTe6 BY°THISUBANK? ^ SERlES F0R RE~ http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4 MONEY STOCK PLUS NET TIME DEPOSITS (M2) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 965 p=---------- 1---------- 1------ BILLIONS OF DOLLARS ---------------------------- =1 965 BILLIONS 944.6 943.7 945.0 946.5 949.5 11 I 1 I I 30 13 27 II I I I I 25 JUN JUL 1979 1978 LATEST DATA PLOTTED WEEK ENDING: DECEMBER 26, 1980 1979 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. MONEY STOCK PLUS NET TIME DEPOSITS (M2) COMPOUNDED ANNUAL RATES OF CHANGE, 12/27/78 3/28/79 5/23/79 5. 1 6.7 7.5 8. 1 8.6 8.7 8.5 8.2 11.7 12.0 1 1.9 12.1 1 1.8 1 1 .0 10.4 13.5 12.8 12.9 12.4 11.2 10.3 6/27/79 AVERAGE OF FOUR WEEKS ENDING: 7/25/79 8/29/79 12.2 1 1.6 10. 1 9. 1 11.5 9.5 8.3 9/26/79 10/24/79 TO THE AVERAGE OF FOUR WEEKS ENDING: 5/23/79 6/27/79 7/25/79 8/29/79 9/26/79 10/24/79 11/28/79 12/26/79 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 12.3 12.5 11.9 10.6 9.7 7.9 7.0 5.6 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK ( Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 390 c—r n P 1979 H NOV. - DEC. - 21 28 5 12 19 BILLIONS OF DOLLARS 390 ■ BILL 1 ONS 380.0 378.8 379.1 380.1 379.7 / % K7^ 2 _ /H ~ 2 1111 +-------2 \f ----------J 2 ~ Vi 'Vs. 2 2 355 l l 355 l l S -11.1, 1 1 1 1 .LI 1 1 1 1 1 111 J.J 1 JAN FEB MAR 1111 2 NOV DEC 1978 APR -LLL III 16 30 13 27 11 lLLLL .1.11 -LIU. 25 MAY JUN JUL 1979 LATEST DATA PLOTTED WEEK ENDING; DECEMBER 26, 1979 3 AUG SEP 17 31 OCT in 14 28 NOV III MIL 12 26 DEC B 23 JAN 1980 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. THE MONEY STOCK CONSISTS OF DEMAND DEPOSITS PLUS CURRENCY AND COIN HELD BY THE NONBANK PUBLIC MONEY STOCK ( Ml COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING-. 12/27/78 3/28/79 5/23/79 6/27/79 7/25/79 8/29/79 2.5 4.7 5.2 5.6 6.2 6. 1 5.5 5.3 1 1 .6 10.9 10.2 10.4 9.6 8.3 7.8 12.0 10.5 10.7 9.6 7.9 7.3 8.2 9.3 8.2 6.5 6.0 9.5 8.0 5.9 5.5 4.8 9/26/79 10/24/79 TO THE AVERAGE OF FOUR WEEKS ENDING: 5/23/79 6/27/79 7/25/79 8/29/79 9/26/79 10/24/79 11/28/79 12/26/79 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2.8 2.0 PREPARED BY FEDERAL RESERVE BANK OF ST. 5 LOUIS 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT 16.5 rr PERCENT 16.5 16.0 13.5 13.0 12.5 PRIME BANK LOAN RATE 11.5 COMMERCIAL PAPER I 1 .0 10.5 90 DAY CD'S CORPORATE Aaa MUNICIPAL I IS 29 12 26 J 25 9 25 6 20 4 18 1 15 29 13 27 10 24 7 21 5 19 2 16 30 14 28 11 DEC 1978 1979 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JANUARY 4, 1980 NOV. DEC. JAN. 2 9 I6 23 30 7 14 21 28 4 IK 90 DAY CD'S 14.45 14.53 14.09 13.95 12.96 13.09 13.63 13.56 13.43 13.35 PRIME COMMERCIAL PAPER kx*** PRIME BANKERS' ACCEPTANCES 14.18 14. 18 13.70 l3.-!4 12.58 12.79 13.29 13.41 13. 18 13.00 14.11 14.20 13.72 13.46 12.62 12.83 13.58 13.47 13.42 12.75 25 JAN 1980 1980 CORPORATE Aaa BONDS MUN1C1 PAL BONDS X* 10.73 10 83 10.75 10.83 10.63 10.58 10.70 10.79 10.87 10.85 7.26 7.27 7.31 7.38 7.26 7 17 7.26 7.22 7.23 N. A. 18 25 - ■ * AVERAGES OF RATES AVAILABLE. ** BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDSr THURSDAY DATA. &BK DATA ARE 4-*J0NTH 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 16.0 PERCENT 16.0 15.5 15.5 15.0 14.5 14.5 14.0 14.0 13.5 13.0 12.5 12.5 12.0 12.0 I I .5 I 1.5 FEDERAL FUNDS RATE I I .0 10.5 10.0 DISCOUNT RATE 9.5 9.0 TREASUf THREEBILL I ITIES 8.5 8.0 7.5 I I I I S JAN FEB APR 10 2 IS 50 1979 NOV. DEC. JAN. 2 9 16 23 30 7 14 21 28 4 * 1 1 18 25 II 25 1980 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JANUARY 4, 1980 14 28 MAY 1978 1980 FEDERAL FUNDS »<* 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL X»M 1-YEAR TREASURY BILL 3-5 YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 15.61 13.77 13.30 13. 10 12.46 13.77 13.79 13.90 13.61 14.04 12.07 12.25 11.90 11.77 11.26 1 1 .75 12.34 12.06 11.99 12.11 12. 19 12.09 11.95 12.04 11.02 11.77 11.77 12.00 11.85 11.88 11.65 11.66 11.12 5 1.25 10.74 10.86 11.10 10.85 10.86 10.91 11.43 11.36 10.97 11.08 10.42 10.33 10.49 10.45 10.55 10.52 10.36 10.47 10.34 10.31 9.97 9.97 10. 14 10.08 10. 13 10. 12 X AVERAGES Of RATES AVAILABLE. mm SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.8 RELEASE, jun NFW 153 UF RATE RATES ON LONG-TERM TREASURY SECURITIES ARE COMPUTED 8Y THE FEDERAL RESERVE BANK OF ST. LOUIS. TREASURY BILL YIELDS ON DISCOUNT BASIS. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED UY FEDERAL RESERVE tiAF* OF ST 7 LOUIS 0 8 NET TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 580 575 564.6 564.8 570 566.3 567.2 567.8 565 560 555 550 545 540 535 530 525 520 515 510 505 I I I I 1 15 29 13 27 10 24 7 21 FEB 4 MAR 18 2 16 30 13 27 APR JUN LATEST DATA PLOTTED WEEK ENDING: DECEMBER 26, 11 25 8 22 5 19 3 JUL 17 31 14 28 NOV 12 26 9 23 DEC 1979 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. * NET TIME DEPOSITS ARE DEFINED AS: SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT PLUS TIME CERTIFICATES OF DEPOSIT OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 8100,000 OR MORE BY LARGE WEEKLY REPORTING COfcMERCIAL BANKS. NET TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING-. 12/27/78 3/28/79 5/23/79 6.9 8. 1 9.2 9.9 10.3 10.6 10.6 10.2 1 1.8 12.9 13.2 13.2 13.3 12.9 12. 1 14.7 14.6 14.3 14.3 13.5 12.5 6/27/79 7/25/79 8/29/79 9/26/79 10/24/79 TO THE AVERAGE OF FOUR WEEKS END 1NG: 5/23/79 6/27/79 7/25/79 8/29/79 9/26/79 10/24/79 11/28/79 12/26/79 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 15.2 14.7 14.6 13.5 12.3 13.9 14.0 12.9 11.5 13.8 12.4 10.7 11.9 10.0 8.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS DEMAND DEPOSIT COMPONENT OF MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS of dollars BILL IONS 272.9 273.6 274.0 273.6 275.2 i I I I I NOV DEC 1980 1979 LATEST DATA PLOTTED WEEK ENDING: DECEMBER 26, 1979 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. DEMAND DEPOSIT COMPONENT OF MONEY STOCK COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING: 12/27/78 3/28/79 5/23/79 6/27/79 7/25/79 8/29/79 0.3 3.2 3.9 4. 1 4.8 4.7 4.0 4.0 12.7 11.7 10.2 10.3 9.4 7.8 7.4 12.9 10. 1 10.3 9.0 7.0 6.6 6.6 8.0 6.9 4.9 4.8 7.7 6.4 4. 1 4. 1 7.2 3.7 3.8 9/26/79 10/24/79 TO THE AVERAGE OF FOUR WEEKS ENDING: 5/23/79 6/27/79 7/25/79 8/29/79 9/26/79 10/24/79 11/28/79 12/26/79 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0.6 1.6 0.8 PREPARED BY FEDERAL RESERVE BANK OF ST. 9 LOUIS 10 CURRENCY COMPONENT OF MONEY STOCK billions of AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED dollars billions of dollars BILLIONS 105.9 105.9 105.6 106. I 106.1 106.5 1 15 2D 13 27 10 24 7 21 FEB 3 MAR JUN LATEST DATA PLOTTED WEEK ENDING: DECEMBER 26. 17 51 14 28 NOV JUL 12 26 9 23 DEC 1979 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. CURRENCY COMPOUNDED ANNUAL RATES OF CHANGE . AVERAGE OF FOUR WEEKS ENDING: 12/27/78 3/28/79 5/23/79 6/27/79 7/25/79 8/29/79 8.6 8.8 8.9 9.8 10.3 10.0 9.6 9.0 8.3 8.5 10.0 10.7 10.3 9.7 8.9 9.5 1 1.5 12.2 11.4 10.4 9.3 12.6 13.2 1 1 .9 10.6 9.3 15.0 12.7 10.8 9.3 11.2 9.2 7.6 9/26/79 10/24/79 TO THE AVERAGE OF FOUR WEEKS ENDING: 5/23/79 6/27/79 7/25/79 8/29/79 9/26/79 10/24/79 11/28/79 12/26/79 . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6.8 5.5 4.5 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 '980 BILLIONS OF DOLLARS 4.0 MILLIONS NOV. 20 DEC. 5 3.5 3.0 2.5 ~ JAN. I 2.0 1.5 I .0 I 0.5 LLJ II 1 I I 1 1 15 29 13 27 10 24 L-LLL! 1 1 2 16 30 13 27 11 25 8 22 NOV LATEST DATA PLOTTED WEEK ENDING: JANUARY 2, DEC 1980 BUSINESS LOANS (COMMERCIAL AND 3 ILL IONS OF DOLLARS INDUSTRIAL) WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED BILLIONS OF DOLLARS 158 _COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF ' THE FOUR WEEKS ENDING DECEMBER 26, 1979 FROM ' THE FOUR WE^KS ENDING: — OCT. — SEP. _ AUG. —_JUL. _ JUN. __ MAR. DEC. 24, 26, 29, 25, 27, 28, 27, 1979 1979 1979 1979 1979 1979 1978 156 154 152 -2.0 -0.2 150 148 17.3 146 1 44 142 140 138 136 MILLIONS 134 132 NOV. 21 DEC. 15 20 13 27 10 24 7 21 5 11II 1 I 1 I I I I I I I 4 18 2 16 30 13 27 11 JUN JUL 1979 LATEST DATA PLOTTED WEEK ENDING: DECEMBER 26, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 150,756 149,659 151,190 150,329 152,247 153,058 25 8 22 3 17 31 NOV DEC 1979 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 130 128 126 0 12 CERT IF I CATES OF DEPOSIT LARGE COMMERCIAL BANKS WEDNESDAY FIGURES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 112 BILLIONS I 10 108 106 104 102 100 86 84 82 I 15 29 13 27 10 24 4 18 7 21 FEB MAR 2 18 30 13 27 II APR LATEST DATA PLOTTED WEEK ENDINGt DECEMBER 28, JUN 25 8 22 JUL 5 19 3 17 31 14 28 12 26 NOV 9 23 DEC 1979 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 8100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
@FedFRASER