Full text of U.S. Financial Data : Week Ending: January 29, 1975
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Week ending: January 29, 1975 During the past year time deposits at commercial banks have consistently increased at a faster rate than demand deposits. Over the past year demand deposits increased by 2.4 percent, while net time deposits (time deposits other than large negotiable certificates of deposit) increased by 9.5 percent, and total time deposits (time deposits inclusive of large certificates of deposit) increased by about 15 percent. Demand deposits have decreased at about a 2 percent annual rate in the past three months and at about a 1 percent annual rate in the last six months. In contrast, net and total time deposits increased at annual rates of 9.7 and 14.6 percent, respectively, in the last three months. The divergence between the growth rates of net and total time deposits is the result of a rapid increase in the volume of large negotiable certificates of deposit (CDs) at commercial banks. The volume of these CDs, on a not-seasonally adjusted basis, increased by $25.8 billion over the past year to $91.8 billion for the latest week—for an increase of 39 percent. In the latest week many commercial banks lowered their prime lending rate to 9.5 percent from 10 percent. This represents a drop of 250 basis points from the record high of 12 percent which prevailed from early July to early October 1974 and is the lowest level for this rate since the week ended April 12, 1974. Despite the decline in the prime rate, the spread between the banking system's base lending rate and the rates that banks must pay in order to raise funds has risen to a near record level. During the latest week the rates paid for Federal funds and 90-day CDs were 6.99 and 6.76 percent, respectively. This brings the spread between the prime rate and the Federal funds rate to 251 basis points, compared to a spread of only 96 basis points in the week ended October 4, 1974. In addition, the spread between the prime rate and the rate on 90-day CDs has widened to 274 basis points in the latest week, compared to 113 basis points in early October. In a further contrast, in early July this situation was reversed. At that time, rates on Federal funds and 90-day CDs exceeded the prime rate by 134 and 30 basis points, respectively. Prepared by Federal Reserve Bank of St. Louis Released. January 31, 1975 MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS BILLIONS OF DOLLARS 116 MILLIONS DEC. 25 1 M 112 110 108 106 104 5 19 t 1* 50 13 *7 19 27 10 *4 FEB MAR • tt 5 19 9 17 II H M II U 9 25 APR 1973 6 90 4 19 NOV DEC 1 15 (9 U 26 1975 1974 LATEST DATA PLOTTED WEEK ENDINGi JANUARY 29. 1975 ISTS OF MEMBER BANK DEPOSITS AT THE FEDERAL RESERVE AND CURRENCY IN THE MONETARY B, HELD BY THE PUBLIC AND IN THE OF vwMMU^w COMMERCIAL CIRCULATION (O . mb VAULTS TFivuig vr in. BAMCS >. ADJUSTED _____ _ _ CHANOES AND SHIFTS DEPOSITS. SOURCES OF THE MONETARY BASE^ARE^ fLeRAL''RESERVE WEpTtiW® fHE COLDINSTOCK. DATA THE AREMAJOR COMPUTED BY THIS BANK, A DE BASE ARE FEDERAL RESERVE CREDIT AND THE SOLD STOCK. TAILED DESCRIPTION OF THE SOURCES AM) USES OF THE MONETARY BASE IS AVAILABLE AS REPRINT NO. 31 FROM THE FEDERAL RESERVE BANK OF ST. LOUIS. COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDINGi 1/30/74 5/1/74 6/26/74 7/31/74 8/28/74 7.6 7.8 6.9 6.9 7.2 7.8 8.2 7.5 6.5 5.3 5.6 6.2 7.1 7.9 7.0 5.4 5.8 6.7 7.9 8.7 7.5 4.2 5.8 7.6 8.7 7.3 7.9 9.7 10.4 8.4 10/2/74 10/30/74 11/27/74 TO THE AVERAGE OF FOUR WEEKS ENDING. 6/26/74 7/31/74 8/28/74 10/ 2/74 10/30/74 11/27/74 1/ 1/75 1/29/75 1 1.6 11.9 8.9 12.9 8.7 8.6 2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MULTIPLIER 1/ FEDERAL RESERVE CREDIT*/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO RATIO 2.9 MULTIPLIER ISIS. BAT IQ — 2.3 mini llllll LATEST DATA PLOTTED WEEK END INOt JANUARY 22, 1975 BILLIONS OF DOLLARS »Q« ---------- 1-------------.---------- 1---------- ■---------- ------------- ---------- ------------ BILLIONS OF DOLLARS —----------------------- >04 COMPOUNDED ANNUAL RATES OF CHANCE. AVERAGE OF THE FOUR WEEKS ENDING JANUARY 29, 1975 FROM THE FOUR WEEKSENDING: NOV. 27, OCT. 30, OCT. 2, 1974 8.9 1974 9.7 1974 3.7 FEDERAL RESERVE CREDIT PEC. 25 i.i 1 I I I 1 1 II 5 18 DEC 1973 2 16 90 19 27 19 27 10 24 JAN FEB MAR APR 8 22 MAY 5 18 9 17 91 14 28 11 29 JUN JUL 1974 AUG SEP 8 29 6 20 4 18 NOV DEC I 19 28 12 28 LATEST DATA PLOTTED WEEK ENDING, JANUARY 29, 1973 1/ RATIO OF MONEY STOCK (Ml ) / MONETARY BASE. 2/ DEFINED TO INCLUDE HOLDINGS OF SECURITIES. LOANS. FLOAT AND ''OTHER** ASSETS SSHS http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis adjusted cm SH,FISoep6s,ts PREPARED BY FEDERAL RESERVE BANC OF ST. LOUIS 3 DEMAND DEPOSIT COMPONENT OF MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 225 BILLIONS OF DOLLARS ----- ------------- ---------- ----------- 1---------------1------ 215.6 215.2 215.9 213.T 213.7 213.6 S 19 Z 16 30 19 27 IS 27 10 24 FEB MAR • 22 5 16 9 ir II MH II H AUG APR LATEST DATA PLOTTED WEEK ENDING* JANUARY 22, SEP 9 tS • to 4 l« NOV DEC 1 ts t9 It M 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.B RELEASE. COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING, 1/23/74 4/24/74 8/19/74 7/24/74 8/21/74 6.4 6.1 5.2 4.1 3.9 3.7 3.8 2.4 4.8 3.5 2.2 2.2 2.0 2.5 0.8 2.4 0.9 1.1 1.1 1.9 -0.2 -1.3 -0.4 0.0 1.2 -1.1 -0.3 0.2 1.6 -1.2 9/25/74 10/23/74 11/20/74 TO THE AVERAGE OF FOUR WEEKS ENDING* B/19/74 7/24/74 8/21/74 9/25/74 10/23/74 11/20/74 12/25/74 1/22/75 4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 •5 3.0 “I «0 3.5 “* 1«8 "*3<*2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 225 MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 295 ----------- ,---------------,------ BILLIONS OF DOLLARS 261.5 261.9 DEC 1973 JAN FEB MAR APR MAY JUN JUL 1974 LATEST DATA PLOTTED WEEK ENDING. JANUARY 22, CURRENT DATA APPEAR NOV DEC |975 IN THE BOARD OF GOVERNORS' H.0 RELEASE. THE MONEY STOCK CONSISTS OF DEMAND DEPOSITS PLUS CURRENCY AND COIN HELO BY THE NONBANK PUBLIC. COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGt 1/23/74 4/24/74 fl/19/74 7/24/74 8/21/74 7.5 6.6 6.2 5.4 5.2 5.1 5.3 4.1 5.0 4.4 3.5 3.5 3.6 4.1 2.7 3.4 2.3 2.6 2.9 3.6 1.9 1.2 2.0 2.5 3.5 1.5 1.9 2.6 3.6 1.4 9/25/74 10/23/74 11/20/74 TO THE AVERAGE OF FOUR WEEKS ENDING, 6/19/74 7/24/74 8/21/74 9/25/74 10/23/74 11/20/74 12/25/74 1/22/75 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4.0 5.1 1.6 5.7 1.0 -0.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT 13.5 13.0 12.5 12.0 PRIME BANK LOAN RATE 11.5 11.0 10.5 COMMERCIAL PAPER 10.0 9.5 9.0 8.5 CORPORATE AAA BONDS 8.0 7.5 7.0 6.5 6.0 MUNICIPAL BONDS** 5.5 5.0 4. 5 1 4 16 DEC 1973 JAN 15 28 12 26 10 24 7 21 3 19 2 16 30 13 27 11 23 • 22 6 20 3 IT 31 JUN JUL 1974 FEB 1975 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JANUARY 31, 1975 DEC. JAN. FEB. 6 13 20 27 3 10 17 24 31 * 7 14 21 28 14 28 1975 90 DAY CD’S mw PRIME COMMERC1AL PAPER 4-6 MONTH PRIME BANKERS’ ACCEPTANCES Aaa BONOS CORPORATE MUNICIPAL BONDS ** 9.53 9.03 9. 17 9.20 9.36 8.57 7.81 7.31 6.76 9.05 8.78 9. 00 9.06 8.84 7.83 7.53 6.85 6.46 9.55 9.03 9.03 9. 16 9.08 8.33 7.66 7.03 6.60 8.91 8.87 8.85 8.91 8.93 8.9! 8.84 8.78 8.76 6.89 7. 15 7.08 7.08 7.08 6.99 6.90 6.59 N. A. * AVERAGES OF RATES AVAILABLE. ** BOND BUYER’S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA. *** SEVEN-DAY AVERAGES OF SECONDARY MARKET RATES FOR THE WEEK ENDING WEDNESDAY TWO DAYS EARL'ER THAN DATES SHOWN. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE. N A. - NOT AVAILABLE . . PREPARED BY FEDERAL RESERVE BANK OF ST. *-OUIS http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0 SELECTED SHORT-TERM INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT 14.0 PERCENT 12.0 FEDERAL FUNOS RATE 10.5 10.5 10.0 THREE-MONTH TREASURY BILL MARKET YIELD DISCOUNT RATE 7 21 4 18 1 JAN FEB 15 1 10 29 12 26 10 24 7 21 S 19 2 16 30 13 27 11 25 S 22 6 20 3 17 31 14 28 1973 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. JANUARY 31, 1975 1975 DEC. JAN. FEB. 6 13 20 27 3 10 17 24 31 *** 7 14 21 28 FEDERAL FUNDS Wt 3-MONTH TREASURY BILLS government 3-5 YEAR SECURITIES LONG-TERM GOVERNMENT SECURITIES 9.02 8.86 8.72 8.45 7.35 7.70 7.22 7. 17 6.99 7.44 7.24 6.92 7.01 6.96 6.59 6.54 5.98 5.67 7.46 7. 16 7.06 7. 17 7.26 7.23 7.32 7.36 7.28 6. 89 6.75 6.70 6.77 6.77 6.68 6.66 6.69 6.68 * 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 J TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 440 r---- -------- ----- ------------- ---------r 440 TOTAL TIME DEPOSITS NET TIME DEPPS ITS X 5 19 2 10 30 19 27 19 27 10 24 FEB MAR APR # 22 9 19 9 17 91 H 20 II 25 AUG LATEST DATA PLOTTED WEEK ENDING. JANUARY 22. 9 29 0 20 4 10 1 15 29 12 20 SEP 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.S RELEASE. » NET TIME. PEPOS IT8 ARE DEFINED AS. SAVINGS DEPOSI TS. TIME DEPOSITS OPEN ACCOUNT PLUS TIME CERTIFICATES OF DEPOSIT OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 0100.000 OR MORE BY LARGE WEEKLY REPORTING COMtCRCIALBANKST^ • NET TIME DEPOS1TS COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDING. 1/23/74 4/24/74 6/19/74 7/24/74 8/21/74 8.4 8.7 8.0 8.4 9.0 8.5 8.8 9.5 8.1 8.6 9.5 8.7 9.1 7.3 8.3 9.5 8.5 9.0 7.8 9.5 8.3 8.9 9/25/74 10/23/74 11/20/74 TO THE AVERAGE OF FOUR WEEKS ENDING. 6/19/74 7/24/74 8/21/74 9/25/74 10/25/74 11/20/74 12/25/74 1/22/75 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10.2 10.0 10.0 9.3 9.3 9.8 9.3 9.5 12. 1 9.4 9.9 8.8 9.7 8.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK PLUS TIME DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 720 710 700 MONEY STOCK TLUS TOTAL TIME DEPOSITS 690 660 670 660 690 640 630 610 -3 600 300 MONEY STOCK PLUS NET TIME DEPOSITS -! 380 -i 370 -3 360 5 It II* M II t7 II IT 10 M S tt S It t 17 II 14 tt 11 *5 AUG LATEST DATA PLOTTED WEEK EWINOi JANUARY t tt SEP t tt 4 16 NOV DEC 1 IS tt It tt tt, 1975 CURRENT DATA APPEAR IN THE 90ARD OF GOVERNORS' H.6 RELEASE. MIMt IS DEFINED AS, CURRENCY. DEMAND DEPOSITS PLU8 NET TIME DEPOSITS (SEE PAQE S). MONEY STOCK PLUS NET TIME DEPOSITS (Mt> COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDING, 1/23/74 4/24/74 6/19/74 7/24/74 8/21/74 8.9 S.6 8.2 7.5 7.5 7.6 7.4 7.0 6.8 6.6 5.8 6.1 6.5 6.4 5.9 6.6 5.4 5.8 6.5 6.3 5.7 4.4 5.3 6.3 6.1 5.4 5.1 6.4 6.2 5.3 9/25/74 10/23/74 11/20/74 ? row ENDING, 6/19/74 7/24/74 S/21/74 9/23/74 10/28/74 11/20/74 12/25/74 1/22/75 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8.4 7.3 5.9 7.3 5.5 3.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0 CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS WEDNESDAY FIGURES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 96 94 92 90 SB 86 84 82 80 78 76 74 72 70 66 66 64 5 19 t 16 90 I) 27 FEB 19 27 10 24 MAR « 22 9 19 9 17 91 APR 14 28 11 AUG 1973 23 9 29 SEP 6 20 NOV 4 18 DEC 1 19 29 12 28 1974 LATEST DATA PLOTTED WEEK ENDINGt JANUARY 22. 1975 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 [----------------------------------------------MONEV AKE'7'1 ME"DEPOSIT HI*------------- 1975 DEC. 4 1 1 16 23 JAN. 1 8 15 22 29 FEB. 5 12 19 26 BILLIONS NET TIME CERTIFICATES CERTIFICATES DEPOSITS K OF DEPOSIT OF DEPOSIT NOT SEAS. ADJ. 87.7 88.9 90.4 91.7 92.7 92.8 92.3 91.8 86.7 88.5 90.2 91.7 93.1 93.3 92.5 92.7 329.0 329.8 330. 1 330.9 330.3 332.5 334.1 334. 1 M2 IK 614.9 614.4 613.4 613.8 613.9 614.0 615.7 616.0 * SEE FOOTNOTE PAGE 8. ffit SEE FOOTNOTE PAGE 9 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0 BORROWINGS FROM FEDERAL RESERVE BANKS ALL MEMBER BANKS IN THE NATION AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS 4.5 C=------- 1-------------1----- 1214 DEC. 3 19 DEC 1973 BILLIONS OF DOLLARS ----- ------------- --------3 4-3 MILLIONS 18 2 16 30 13 22 13 22 10 24 8 22 3 19 3 12 31 14 23 11 25 9 23 • 20 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV 1974 4 13 DEC I 15 29 12 23 JAN FEB 1973 LATEST DATA PLOTTED WEEK ENDING. JANUARY 28, 197S BUSINESS LOANS ( COMMERCIAL BILLIONS OF DOLLARS AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED BILLIONS OF DOLLARS 134 COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF • THE FOUR WEEKS ENDING JANUARY 22, 1975 FROM THE FOUR WEEKS ENDING. NOV. OCT. SET. AUG. JUL. APR. JAN. 20. 25, 25, 21, 24, 24, 23, 1974 1974 1974 1974 1974 1974 1974 132 130 -2.0 2.7 1.9 4.7 6.5 12.3 17.6 128 126 124 122 120 118 116 - 114 112 DEC. 18 110 108 I 111U 3 19 2 16 30 13 22 13 22 10 24 FEB MAR 6 22 S 19 M 28 11 23 AUG APR LATEST DATA PLOTTED WEEK ENDING. JANUARY 22, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 12 31 SEP 9 23 3 20 4 18 NOV DEC 1 15 29 12 23 1875 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 _MEMBER BANK DEPOSITS SUBJECT TO RESERVE REQUIREMENTS ( CREDIT PROXY ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS ----- ------------ ------- =? 513 315 t----- 1--------- 1---§ sKafg mjw&sr&MFE w£S«e»?to,,97S FRDM T* F0W http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis r _ CREDIT ■PROXY — E M0V— OCT. — SEP. = AUG. “ JUL. “APR. -JAN. CREDIT PROXY ADJUSTED r.o *o. i97i Z3, 197 4 Z5,1371 Zl,1971 Zl,1971 Zl.1971 Z3.1971 1.1 1.9 3.1 3.1 8.3 9.1 t.z 6.3 1.2 1.3 l.g 8.1 9.6 CREDIT PROXY ADJUSTED 1/ CREDIT PROXY CREDIT PROXY ADJUSTED 193.7 186.3 3 19 DEC 1973 f 16 30 19 27 13 ZT 10 Zl JAN FEB MAR APR I ZZ 3 19 3 IT 31 11 Zl li 23 MAY AUG SEP 1971 LATEST DATA PLOTTED WEEK end I NO, JANUARY ZZ, 9 Zl 6 ZO 1 II NOV DEC I 13 Z9 It Zl 1973 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE. ^a?n'ot«r-no5de?kitTIources^c'w- EUROOOLLAR mwwinos of PREPARED BY FEDERAL RESERVE BANC OF ST. LOUIS
@FedFRASER