Full text of U.S. Financial Data : Week Ending: January 30, 1980
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F//V/l/VC//aL DXKTAI Week ending: January 30, 1980 Data on the adjusted monetary base, adjusted Federal Reserve C.I BOA business loans have been revised by this Bank to incorporate jBfew8s498Jnal adjustment factors. In addition, the monetary base has been revised to capture the effects of the Federal Reserve's reclassification of Regulation K reserves. Data for the series as published in this release are on the revised basis. Regulation K reserves are those held against deposits of Edge Act and Agreement corporations that are formed to finance international commerce. Under Regulation K, the deposits of these corporations are subject to the same reserve requirements imposed on deposits of member banks. Beginning in the last week of October 1979, the Board of Governors reclassified these Regulation K reserves, including them with member bank reserves in "total reserves." This reclassification revises total reserves and, consequently, affects data on the adjusted monetary base. This revision has only relatively small effects on the levels and growth rates of the adjusted monetary base. GROWTH RATES OF THE ADJUSTED MONETARY BASE (Compounded Annual Rates of Change) Revised Three-Month Periods* Old 1/24/79-4/25/79 4.8 % 5.7 % 4/25/79-7/25/79 9.4 9.7 7/25/79-10/24/79 11.8 10.1 10/24/79-1/23/80 7.8 7.6 ♦Growth rates are calculated using four-week averages ending dates shown. Next week the Board of Governors will announce redefinitions of the measures of money stock. Also beginning next week, data on money stock measures will be released on Friday afternoon instead of Thursday. To allow time to •‘-'corporate these changes, this release will not be published next week. Publication will resume the following week. http://fraser.stlouisfed.org L Federal Reserve Bank of St. Louis Prepared by Federal Reserve Bank of St. Louis Released: February 1, 1980 2 ADJUSTED MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS BILLIONS OF DOLLARS BILLIONS DEC. 8 20 26 3 17 31 154.5 154.5 155.3 155.0 154.7 155.3 14 28 14 28 1 I 25 FEB MAR APR 0 23 8 20 JUN 4 18 JUL 1 15 20 12 28 10 24 7 21 NOV 5 10 DEC 2 16 30 13 27 1978 LATEST DATA PLOTTED WEEK ENDING: JANUARY 30, 1980 THE AOJUSTED MONETARY BASE CONSISTS OF; ( 1 ) MEMBER BANK RESERVES AT THE FEDERAL RESERVE BANKS, < 2 ) CURRENCY IN CIRCULATION I 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. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, 1/31/79 5/2/79 6/27/79 7.2 8.0 8.4 8.6 8.8 8.3 8.4 8.4 9.4 9.8 9.9 9.9 9.0 9.1 9.0 11.1 10.7 10.5 9.2 9.4 9.2 8/1/79 AVERAGE OF FOUR WEEKS ENDING: 8/29/79 10/3/79 10/31/79 11/28/79 TO THE AVERAGE OF FOUR WEEKS ENDING: 6/27/79 8/ 1/79 8/29/79 10/ 3/79 10/31/79 11/28/79 1/ 2/80 1/30/80 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10.5 10.3 8.7 9.0 8.8 10.0 8.0 8.5 8.4 6.6 7.9 7.9 7.0 7.3 9.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MULTIPLIER^ ADJUSTED FEDERAL RESERVE CREDIT 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 2.9 RATIO 2.9 MULT PLIER 2.5 1380 DEC : i i i i -LLL 1 1.1 J_LL 1111 -LLL J-LL LATEST DATA PLOTTED WEEK ENDING: JANUARY 23, III! 1 1 1 . m m JAN !lll RATIC j .1,1 IJ _mJ111111111 — -LLL 1980 BILLIONS OF DOLLARS BILLIONS OF DOLLARS MO COMPOUNDED ANNUAL RATES -----OF CHANGE. AVERAGE OF 138 jwiunn i ju. I sou rr\UM ___THE FOUR WEEKS ENDING: NOV. iUG. AUG. _ JAN. 28, 3, 29, 1, 2, 31, 1979 1979 1979 1979 1979 136 1979 ADJUSTED FEDERAL RESERVE CREDIT 134 132 130 128 12fi£ BILLlQN$ 126 124 122 l.li I 1 I 1 I I I I I I 1 I I e 20 3 17 31 14 28 14 28 I 23 FEB MAR APR B 23 8 20 JUN LATEST DATA PLOTTED WEEK ENDING: JANUARY 30, 4 18 JUL I 15 2B 12 26 10 24 7 21 NOV 5 IB DEC 2 16 30 13 27 1980 1/ RATIO OF MONEY STOCK (Ml ) / 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 SUBTRACTING TREASURY DEPOSITS AT FEDERAL RESERVE BANKS FROM THIS SERIES. AND ADJUSTING THE SERIES 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 0 4 MONEY STOCK PLUS NET TIME DEPOSITS (M2) • AVERAGES OF DAILY FIGURES SEASONALLY ADJUSltU BILLIONS OF DOLLARS 970 BILLIONS OF DOLLARS --------------------------- 3 970 ---------------------------- E 965 B1LL1QL& 951 .8 953.6 955.6 957.5 954.9 6 20 3 17 31 M 28 14 28 1 I 23 FEB MAR 8 23 APR 6 20 JUN 4 18 JUL 1 2 IB 30 13 27 13 29 12 26 10 24 LATEST DATA PLOTTED WEEK ENDING: JANUARY 23. 1980 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 ENDING: 1/24/79 4/25/79 6/20/79 7/25/79 8/22/79 7.7 8.9 9.2 9.7 9.7 9.4 8.9 8.6 1 1 .5 11.5 1 1.8 11.5 10.8 10.0 9.5 12.8 12.7 12.2 1 1 .0 9.9 9.3 12. 1 11.5 10.2 9.0 8.4 11.5 9.8 8.5 7.9 9/26/79 10/24/79 I/21//9 TO THE AVERAGE OF FOUR WEEKS ENDING: 6/20/79 7/25/79 8/22/79 9/26/79 10/24/79 1/23/80 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8.0 7.0 6.5 5.6 5.5 5.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 965 MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 390 1 BILLIONS 381.2 383.0 382.9 382.6 383.2 'A ls/\ = J ------J ii. , 1 1 1 1 IX jTTTT . VV, r\ /V/V. - A llll r , -L U L L llll K / 1 TITT AJ 1 .1L = 1 - I98Q I_ DEC. 19 - JAN. 25 2 9 16 TTTPTTTT "I'lTT BILLIONS OF DOLLARS 390 s 111 llll 31 111 28 111 28 111 25 llll i6 i 20 14 1 18 . 11 1 15 20 in 26-LULL ..111 11.1 Mill 30 1 13 1 2J i 1 L.l. 12 10 24 7 21 5 10 2 16 1 3 17 14 14 11 0 23 DEC 1978 JAN FEB MAR APR MAY JUN JUL 1979 LATEST DATA PLOTTED WEEK ENDING-. JANUARY 23, AUG SEP OCT NOV DEC JAN FEB 1980 I960 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-. 1/24/79 4/25/79 6/20/79 7/25/79 8/22/79 6. 1 7.0 7. 1 7.7 7.3 6.5 6.3 6.0 9.7 9.2 9.7 8.9 7.5 7.0 6.5 9.4 10. 1 8.8 7.0 6.5 5.9 9.7 8. 1 5.9 5.5 5.0 8.3 5.3 5.0 4.5 9/26/79 10/24/79 11/21/79 TO THE AVERAGE OF FOUR WEEKS ENDING: 6/20/79 7/25/79 8/22/79 9/26/79 10/24/79 11/21/79 12/26/79 1/23/80 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.7 2.7 2.6 1.8 2.0 3.4 PREPARED BY FEDERAL RESERVE BAt* OF ST. LOUIS 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT 16.5 cr PERCENT -zi 16.5 16.0 16.0 15.5 15.0 14.5 14.5 14.0 13.0 12.5 PRIME BANK LOAN RATE 12.0 COMMERCIAL PAPER 11.0 10.5 90 DAY CD'S CORPORATE Aaa BONDS - MUNICIPAL BONDS** 1 JAN FEB APR 15 29 13 27 10 24 7 21 MAY 1978 1979 5 19 2 16 30 14 28 II 25 8 22 DEC JAN 1980 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: FEBRUARY 1, 1980 DEC. JAN. FEB. 7 14 21 28 4 1 1 18 25 1 *** 8 15 22 29 90 DAY CD’S 13.09 13.63 13.56 13.43 13.45 13.38 13.33 13.42 13.39 1980 PRIME C0I44ERC1 AL paper netex PRIME BANKERS’ ACCEPTANCES CORPORATE Aaa 80NDS MUNICIPAL 80NDS KX 12.79 13.29 13.41 13.18 12.98 12.82 12.88 12.97 13.03 12.83 13.58 13.47 13.42 13.29 13.09 13.04 13.24 13. 13 10.58 10.70 10.79 10.87 10.88 10.SI 10. S9 11.22 11.40 7. 17 7.26 7.22 7.23 7.32 7.30 7.28 7.33 N. A. * AVERAGES OF RATES AVAILABLE. ** BOND BUYER’S AVERAGE INDEX OF 20 MUNICIPAL BONDS. THURSDAY DATA. 46ie« 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 nr PERCENT ~zi 16.0 FEDERAL FUNDS RATE 15.5 15.0 14.5 13.5 11.5 11.5 10.5 DISCOUNT RATE _ 3-5 YEAR TREASURY SECURITIES THREE-MONTH TREASURY BILL MARKET YIELD I 15 29 12 26 9 23 9 23 6 20 4 18_ APR MAY I 15 29 13 21 10 2A T 21 2 16 30 14 28 II 25 8 22 1980 LATEST DATA PLOTTED ARE AVERASES OF RATES AVAILABLE FOR THE WEEK ENDING: FEBRUARY I, I960 1980 DEC. 7 ■ 14 21 28 JAN. 4 1 1 18 25 FEB. 1 * 8 15 22 29 FEDERAL FUNDS K* 13.77 13.79 13.90 13.49 14.04 13.94 13.91 13.77 13.54 3-MONTH TREASURY BILL 11.75 12.34 12.06 1 1 .'99 12.10 1 1.72 1 1 .91 12.17 12.19 6-MONTH TREASURY B1LL Betels 11.77 11.77 12.00 11.85 11.88 11.86 11.78 11.89 11.85 1-YEAR TREASURY BILL 10.86 11.10 10.85 10.86 10.97 10.78 10.83 11.05 11.22 3-5 YEAR TREASURY SECUR1T1ES 10.33 10.49 10.45 10.55 10.59 10.58 10.66 10.87 11.12 LONG-TERM TREASURY SECUR1T1ES 10. 13 10.99 * AVERAGES OF RATES AVAILABLE. ** averages for week ending Wednesday two days earlier than date SHOWN. SI,,PAI\£PPEAB IN THE BOARD OF GOVERNORS' H.9 RELEASE. NtW 1SSUfc RATE treHur? ^tr^HiAs^Los^¥R^i.flRE C0MPUTE°BY T* FEDERAL RESERVE BANK OF ST. LOUIS. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 NET TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 585 BILLIONS OF DOLLARS ““ 580 580 570.6 571.1 570.6 573.0 574.3 574.7 575 570 575 570 565 565 560 560 555 555 550 550 545 545 540 540 535 535 530 530 525 525 520 520 515 515 510 510 ® 6 20 DEC 1978 3 17 31 JAN 14 28 14 28 II 25 FEB MAR APR 9 23 MAY 6 20 4 18 I JUN JUL 1979 LATEST DATA PLOTTED WEEK ENDING*. JANUARY 23. 15 29 12 26 10 24 AUG SEP OCT 7 21 5 19 NOV DEC 2 18 30 13 JAN FEB 1980 1980 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. K NET TIME DEPOSITS ARE DEFINED AS: SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT PLUS TIME CERTIFICATES OF DEPOSIT OTHER THAN NEGOTIABIJ TIME dERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF •100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS. NET TIME DEPOS1TS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING*. 1/24/79 4/25/79 6/20/79 7/25/79 8/22/79 8.8 10. 1 10.7 11.1 11.4 1 1.3 10.8 10.5 12.8 13.2 13.3 13.4 13.0 12.0 1 1.5 15.2 14.6 14.5 13.8 12.3 1 1.7 14.0 14. 1 13.3 1 1 .6 10.9 13.9 12.9 10.9 10.3 9/26/79 10/24/79 11/21/79 TO THE AVERAGE OF FOUR WEEKS ENDING*. 6/20/79 7/25/79 8/22/79 9/26/79 10/24/79 11/21/79 12/26/79 1/23/80 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 12.4 9.9 9.3 8.1 7.8 6.6 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0 DEMAND DEPOSIT COMPONENT OF MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 1980 BILLIONS of dollars BILLIONS 275.0 276.5 276.2 275.5 276. 1 272.9 FEB MAR APR 1979 1978 LATEST DATA PLOTTED WEEK ENDING: JANUARY 23. 1 980 1980 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: 1/24/79 4/25/79 6/20/79 7/25/79 8/22/79 5.4 6.6 6.3 6.9 6.5 5.5 5.4 4.9 9.9 8.6 9.0 8. 1 6.4 6.2 5.4 8.5 9.2 7.8 5.6 5.5 4.5 7.7 6.3 3.8 4.1 3.2 7.2 3.6 4.0 3.0 9/26/79 10/24/79 11/21/79 TO THE AVERAGE OF FOUR WEEKS ENDING: 6/20/79 7/25/79 8/22/79 9/26/79 10/24/79 11/21/79 12/26/79 1/23/80 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -0.5 1.6 0.9 0.8 0.1 2.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 10 CURRENCY COMPONENT OF MONEY STOCK BILLIONS of AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED OOLLARS billions of dollars 1 10 BILLIONS 106.2 106.5 107.2 107.1 107.4 I 1 I I I FEB MAR APR JUN 15 29 12 26 10 24 7 2 21 16 30 13 27 JUL 1980 LATEST DATA PLOTTED WEEK ENDING: JANUARY 23. 1980 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. CURRENCY COMPOUNDED ANNUAL RATES OF CHANGE . AVERAGE OF FOUR WEEKS ENDING: 1/24/79 4/25/79 6/20/79 7/25/79 8/22/79 7.7 8. 1 9.2 9.8 9.6 9.4 8.6 9.0 8.7 10.4 11.2 10.7 10.3 9.0 9.4 12.6 13.0 1 1.8 11.1 9.3 9.8 15.0 12.7 11.5 9.3 9.8 11.1 10.0 7.7 8.7 9/26/79 10/24/79 11/21/79 TO THE AVERAGE OF FOUR WEEKS ENDING: 6/20/79 7/25/79 8/22/79 9/26/79 10/24/79 11/21/79 12/26/79 1/23/80 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7.7 5.5 7.2 4.5 7.0 6.7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS BORROWINGS FROM FEDERAL RESERVE BANKS ALL MEMBER BANKS IN THE NATION BILLIONS AVERAGES OF DAILY FIGURES DOLLARS of 1M billions of dollars MILLIONS - DEC. 26 JAN. 2 6 20 3 17 31 14 28 14 28 11 25 FEB MAR APR B 23 6 20 JUN 4 18 JUL 1 15 20 12 20 10 24 7 21 NOV 5 10 DEC 2 IB 30 13 27 LATEST DATA PLOTTED 6€EK ENDING: JANUARY 30. 1980 BUSINESS LOANS ( COMMERCIAL AND INDUSTRIAL ) BILLIONS OF DOLLARS 160 158 156 154 152 150 148 WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED _COMPOUNDED ANNUAL RA TES OF CHANGE. AVERAGE 0 F “ THE FOUR WEEKS END 1N G — JANUARY 23, 1980 FRO - THE FOUR WEEKS END ING: — _ __ _ __ _ NOV. 21, OCT. 24, SEP. 26, AUG. 22, JUL. 25, APR. 25, JA7< . 24, 1979 1979 1979 1979 1979 1979 979 142 140 138 136 134 132 130 128 158 - T— - / - 156 154 152 150 148 - 146 / - - 144 - - - 140 /" - - ) - x - 20 DEC 1978 138 - - ■ J -v/ 198 DEC. 19 26 2 JAN. 9 16 „ in. 0 - 16.5 10.4 8.7 12.9 14.8 17.6 18. 2 146 144 BILLIONS OF DOLLARS 160 millions _ 153,865 154,920 155,957 156,714 156,856 - 130 128 1111 111 111 III INI III 111 3 17 31 14 28 14 28 II 25 0 23 8 JAN FEB MAR APR MAY JUN JUL 1979 LATEST DATA PLOTTED WEEK ENDING; JANUARY 23. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1111 ■II1 1111 IS 20 12 28 10 24 AUG SEP OCT .... ............................................. 7 21 5 10 2 16 30 13 27 JAN FEB 1980 1980 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 0 12 CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS BILLIONS OF DOLLARS 112 ---------|----------- r— WEDNESDAY FIGURES NOT SEASONALLY ADJUS I ED ILL IONS OF DOLLARS BILLIONS 8 20 3 17 31 25 14 28 14 28 I FEB MAR APR INI 9 23 8 20 JUN LATEST DATA PLOTTED WEEK ENDING. JANUARY 23, 4 18 JUL I IS 29 12 28 10 24 7 21 NOV DEC 1980 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