Full text of U.S. Financial Data : Week Ending January 4, 1967
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RESEARCH L!E|iA RESE/ ■I 48 ART Federal vdfeanj of St. Louis F monciHL DflTft Week ending January 4, 1967 S ? 1935 MONEY STOCK (Pages 2 & 11) CERTIFICATES OF DEPOSIT (Pages 7 & 12) The nation's money stock, demand, deposits plus currency held by the public, averaged $171 billion in the two weeks ending December 28, almost $2 billion higher than the average for the preceding eight weeks. Large certificates of deposit at weekly reporting commercial banks, a quite volatile component of time deposits in recent years, totaled $15.6 billion on December 28. The volume of these deposits has increased slightly in recent weeks, even though more CD's matured in December than in any previous month. Lower interest rates on other money market instruments have probably enabled banks to regain a more competitive position in seeking these funds. -------- — The recent sharp rise may reflect a quarterly pattern in the seasonally adjusted data. Since late 1964, money has been relatively high during the months of June, September, December, and, to a lesser degree, March. In the intervening months, money has generally grown at slower rates or declined. (See this Bank's release, "Triangles of U. S. Economic Data.") In view of this pattern, some monthly changes may be misleading. Since September and since June, months with comparable "peaks," money has decreased slightly, following a 6 per cent increase in the year which ended in June. From 1961 to 1965, money increased at a 3 Per cent average annual rate. Large CD's contracted moderately from late October to mid-December, after falling rapidly in the preceding two months. The longer run trend for large certificates of deposit has been rapid growth; from January 1964 to August 1966, the volume outstanding increased at an average annual rate of 25 per cent. TIME DEPOSITS (Page 6) Time deposits at all commercial banks averaged $158.8 billion in the week ending December 28. This marked the third consecutive week in which these deposits rose significantly, following a period of little change since mid-August. By contrast, time deposits rose 12 per cent in the preceding year. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Prepared by Federal Reserve Bank of St. Louis Released: January 6, 1967 U.S. MO Y STOCK* of Dollars Billions of Dollars 178 Seasonally Adjusted 177 176 175 from four Sept. 28, June 29, Mar. 30, Dec. 29, weeksending: 1966 -^<7 1966 -A/ 1966 7-^.7 1965 -/-/.<?> June i960 - June 1966 17^ 173 172 171 170 169 168 * These data have been revised by the Board 167 For a description of the revision see the l66 165 For trend of money supply by months _ see this bank's monthly release entitled "Bank Reserves and Money”." Latest data preliminary 0 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis X 15 29 6 13 June 27 3 17 31 7 14 28 5 12 26 1 J- i 1 J 1 1 1 1 1 1 L4 28 4 18 25 1 15 22 1 Dec. Jan. Feb. 1967 1 L__l 15 Mar. 29 Prepared by Federal Reserve Bank of St. Louis 3 Billions of Dollars All Member Banks in the Nation Weekly Averages of Daily Figures Billions of Dollars ----- 1/ Adjusted for estimated effect _____ of reserve requirement changes. Seasonal adjustment computed "by this bank using data ending December 1965. Unadjusted data appear in Board's H.4.1 release Total 1/ Reserves Available for Private Demand Deposits 2j Annual rates of change, average of _ four veeks ending Jan. 4, 1967 from four weeks ending: Oct. 5, 1966 -/? July 6, 1966 Apr. 6, 1966 - Oy Jan. 5» 1966 t-O.^ 2j Series revised for change in seasonal adjustment. " Latest data preliminary http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 17 31 7 14 28 5 12 26 2 16 30714 28 4 18251 15 221 15 Prepared by Federal Reserve Bank, of St. Louis BORROWINGS All Member Ba EXCESS RESERVES s in the Nation Millinns of Dollars Millions of Dollars 1100 1100 1000 1000 Borrowings __ Bi-Weekly Settlement Periods Weekly .iT'S (,0c qJ Excess Reserves Bi-Weekly Settlement Periods Weekly -100 -200 -100 — Bi-Weekly Settlement Periods Net Borrowed Reserves Weekly -500 — Latest data preliminary 13 27 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11 25 3 June 17 14 28 12 26 23 7 FEDERAL RESERVE CREDIT* JJ Seasonally Adjusted 2J Billions of Dollars Billions of Dollars * Adjusted, for reserve requirement changes Annual rates of change of Federal Reserve Credit, 1/ average of four weeks ending Jan. 4, 1967 from four weeks ending: Oct. 5, 1966 '/■a.# July 6, 1966 -f /■ Apr. 6, 1966 Jan. 5# 1966 Federal Reserve Credit and a few minor items. 2/ Seasonal adjustment for Federal Reserve Holdings computed by this bank using data Federal Reserve not seasonally adjusted. Unadjusted data appear in Board's H.4.1 l! Member Bank Borrowings Federal Reserve Holdings of U.S. Government and Federal Agency Securities Latest data preliminary Latest data plotted week ending: http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2961327 17 31 30 7 14 June 1 Jan. Prepared 15 22 1 15 Feb. Federal Reserve Bank Louis TIME POSITS * JJ of Dollars Billions of 162 162 Seasonally Adjusted l6l 160 Annual rates of change, average of four weeks ending Dec. 28, 1966 from four weeks ending: Sept. 28, 1966 ~h f. 2 June 29, 1966 -h •S'-'*" 161 160 -t / • y 159 159 158 158 157 157 156 156 155 155 154 154 153 153 152 152 151 150 149 0 * These data have been revised by the Board of Governors of the Federal Reserve System. For a description of the revision see the September 1966 Federal Reserve Bulletin, pp. 1303-1306. Current data appear in Board's H.6 release. Latest data preliminary r For trend of time deposits by months ------- see this bank's monthly release ______________ ___________ _ ____________________ _ _ __ entitled "Bank Reserves and Money". 1/ Includes passbook savings accounts, large negotiable certificates of deposit and all other time deposits. I 18 25 1 May http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 151 150 149 J 15 June Sept. 1966 1967 Prepared by Federal Reserve Bank of St. Louis 0 CERTIFICAT® OF DEPOSIT LL Large Commercial Banks Billions of Dollars Billions of Dollars 17.0 Annual rates of change, seasonally unadjusted data, average of four weeks ending Dec. 28, 1966 from four weeks ending: June 29, 1966 - £13 Jan. 1964 - Dec. 1965 Latest data preliminary 16 30 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 20 27 4 ^ n Data prior to June 29, 1966 have Been estimated by this bank from the previous series on weekly reporting member banks. Current and year ago data appear in the Board’s H.4.2. release. ^ 1/ Negotiable time certificates of deposit 2 25 1 20 27 3 10 16 ‘36 24 317 Sept. 7 14 20 4 11 2518 Feb. Prepared by Federal Reserve Bank of St. Louis CERTIFICAT Large Com Billions of Dollars OF DEPOSIT MrciaT Banks Billions of Dollars -- Annual rates of change, seasonally unadjusted . __.data, average of four weeks ending Jan. 4, 1967, from four weeks ending: Jan. 1964 to Dec. 196$ + Zf.f Latest data prei 16 30 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 20 27 4 11 25 1 20 27 3 10 * Minor change in coverage beginning December 28, 1966. Data prior to June 29, 1966 have been estimated ------- -—t>y this bank from the previous series on weekly ---------- reporting member banks. Current and year ago data appear in the Board’s H.4.2. release. — 1/ Negotiable time certificates of deposit in denominations of $100,000 or more. 16 '36 7 14 26 4 11 25 1 8 24 31 7 June Prepared by Federal Reserve Bank of St. Louis BUSINE OANS Large Commercial Banks Billions of Dollars Billions of Dollars *" 1 » rates : i of I"l.change, r ( 1 average 1 f | i T“ r—L* nnual weeks ending Dec. 28, 1966 -O franfour four weeks ending: -f.ept. 28, 1966 rji&me 29, 1966 y 7 *. !Mar. 30, 1966 _ i- i-- 1 L_ j 1 l' 1 i 1 Seasonally Adiusted r r * 7— F* 67 66 1 banks on a monthly basis see this bank's "Triangles of U.S. Economic Data". 1 65 i I i j ■f IS.! — I r r 64 • 63 /s. — ,v f. 55 5^ - !29, 1900 prior to June have been estimated " Data Dy this bank from the previous series on weekly “ 1reporting member banks. Current and year ago unadjusted data appear in the Board's H.4.2 release. Seasonal adjustment computed by this bank using __ Latest data preliminary Latest data plotted: Dec. 1958 through July 28, 1966 ' 301 1 131 1 271 41 i 18l.l25 11 1115 1 29 Mar. Apr. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May June 6 13 27 3 July 1966 17 Aug. _L 31 7 14 Sept. 1964 data. | 28 5 12 26 2 Oct. 16 Nov. ■■■JJ 11 }1 □ 30 7 14 Dec. 28 4 18 25 1 Jan. 15 Feb. 1967 YIELDS ON SELECTED SECURITIES Per Cent Per Cent Corporate Aaa Bonds Three-Month TreasuryBill Market Yield Long-Term Government Bonds latest data plotted are averages of rates available for the week ending: Jan. 6, 1967 17 241 June http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 15 29 5 12 30 7 1] a Sept. Oct. Dec. Prepared by Federal Reserve Bank of St. Louis * M YIELDS ON SErtCTED SECURITIES Per Cent Corporate Jonds Three-Month Treasury r Bill Market Yield Long-Term Government Bonds Latest data plotted are averages of rates available for the week ending: 0 17 241 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 30 7 1] 15 Sept. Prepared by Federal Reserve Bank of St. Louis 10 SELECTED SHORTTERM INTEREST RATES Per Cent Per Cent Prime Commercial Paper 4-to-6 Month Prime Bankers' Acceptances 15 June http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 29 5 12 26 2 Federal Funds Rate 16 30 7 14 28 4 18 25 2 16 30 6 13 27 3 17 24 3 31 7 14 28 5 12 Sept. Prepared by Federal Reserve Bank of St. Louis SELECTED SHORT-TERM INTEREST RATES Weekly Averages of Daily Rates Ended Friday Per Cent http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Prime Commercial Paper 4-to-6 Month Prime Bankers’ Acceptances 15 29 5 12 26 2 Federal Funds Rate 16 Sept. 30 7 14 28 4 18 25 2 16 30 6 13 27 3 17 24 3 ;h. 17 Mar. 31 7 14 Apr. 28 5 12 May Prepared by Federal Refsel-ve Bank of St. Louis JSECX MEMBER BANK AVERAGES OF DAILY FIGURES WEEK ENDING WEDNESDAY 11 SEASONALLY ADJUSTED BILLIONS OF DOLLARS RESERVES AVAILABLE WEEK FOR PRIVATE ENDING DEMAND DEPOSITS 79// f 7 /S.64 /s.7S Al A8 GO- S /X _______IX. A L X _______ L /C 43 30 KXc- 7 /4 A) A8 TOTAL RESERVES y <33.3 X A3.3 7 EXCESS RESERVES BORROWINGS - 4IX 770.S 888 -38/ 77/ -777 -S83 770.7 7 77-7 7?o.o -S/4 170.7 - S/S 477 748 7 74 -37/ -3/S -A 68 -764 / 7o.X 7&9X /&8? 76 887 <33-37 /S. <7 7 /SSI /SL<j /Ss4 /Xf3 33.43 33-33 33.// £ 3.3 X 33.3 / /47 S/8 A 7? /XS3 /S/S 33.33 A 3. X4 373 S4 7 S7¥ 44 / AA.29 J8f 437 /S38 /S.60 ts,4S y/3 199 SIS’ ML Af.lb X3.07 A3./S J3.<?7 A3. /S' iss /si", 7A /= ' A3.(elf3 377 r 7S-L3 /S, /<X FREE RESERVES 74 7 33 7 SoX S9X 67 3/4 76,oC /S.47 33./o MONEY SUPPLY AVERAGES OF DAILY FIGURES WEEK ENDING WEDNESDAY SEASONALLY ADJUSTED BILLIONS OF DOLLARS AVERAGES OF DAILY FIGURES WEEK ENDING WEDNESDAY MILLIONS OF DOLLARS A So 8 AS 7// 437 / 3 C> 44°! (#7 47 X S4? S/S -30/ -ASS' -/9? -ASO -/A7 -37 (* - 73 1/8.8 > 76 83 7/7.3 /*%¥ / (a 4> / /%%o 7 77.8 770. AS -188 P ff P - PRELIMINARY 1/ Adjusted for estimated effect of reserve requirement changes. 2 j Revised. See chart. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS t BUSINESS LOANS LARGE COMMERCIAL BANKS LARGE CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS WEDNESDAY FIGURES MILLIONS OF DOLLARS SEASONALLY ■S3 L3o 3*37/ 38, 7 32- _ S*,7?S WEDNESDAY FIGURES MILLIONS OF DOLLARS SEASONALLY 19/A i,L L nn t2 /SX H.339 S8 8/4 39,22 9 zo tX Z 72. 38 (,93 S9 34( 19 2L3 S9 £>c?3 S9S44 X7 Ann. 5 /X 29! S ? 9P4 39 (4o ___ UL IX .3X3 _______ LL _______ on s? ? AS S94oo // /X S3X S3 59 2/2- f? JX S3 X 3/ S3 3SX- 38.840 JX /L 9 S3 33H S3. 373 31 7 S3 679 S3 !3(o ZU _______ il ___ (L*>. s? __ AtfJ- 7 - wy */ at ___ CkLJl S9.3XX- . 3%3 0-J\ 39 399 s%Mc S9(oU /<?- STSL3 39 SS/ 39390 _______ /z. 39384' 39407, 39 <933 SXSte _______ __ (7- 7 oS ? -39. 797__ _______ L3 . LO'JLQl 23 .. s% JYS 3o . sj'pr 7 ------------ llL S9,?2/ 394(4- LQ,L9?lf P______ - PRELIMINARY http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis z\ n. /X9 _LL JL 90? fid 3 lb 672 /z H> 6/2 /? 13.941 riot. 2L 13X91 2. 153 II _Z 13 72/ He 75. 335 23 13,501 39.4(2- 5% 77? 3% 93! f /7. 9X4 (4 77. &Xn 39 (>07 59.5A 8 hD^43__ 3%/70 a______ 23- So. 9i 9__ ---- Srl SDO 39 (=23 12 /5.4-L2 Au,. 7 15 415 /4 /S 1XJ A! JS 42k ______ It 75. 0/4 P PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS SELECTED YIELDS LONG-TERM \+?7_____ /(, <23 3o 7 it J.J ___ ________ ll t/ 3-MONTH JREAS. BILL PER CENT PER ANNUM AVERAGES OF DAILY FIGURES WEEK ENDING FRIDAY WEEK ENDING su o s vFiu 3-5 YEAR y u a JsT 1.16 1.79 1JM 1.70 17s 1.7 C_____ 1.7/ 1.6X 167 1,73 1.77_____ 1.76 fcjj2.Cs 171 ______________ ? 1.7 0 /6 <33 IMS 1.S2 1.S1 30 na (L,6 (H l.so PRIME COMMERCIAL pR|UF CORPORATE PAPER BANKERS Aon 4-6-MONTH ACCEPTANCES LARGE CD’S** PER CENT PER ANNUM AVERAGES OF DAILY FIGURES FRIDAY WEEK ENDING FRIDAY FIGURES •fc-S’3 S.63 So 7 S.11 s.sx SMS SMI s./s S'/e S.S 3S.3°! S3<o SI 9 S.3°! SIS S.37 S.30 S39 SIS' S.11 s'. 13 S-3f S-SO S■ o 6 1-10 1 .2 0> 1.8 7 •AVERAGES OF RATES AVAILABLE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S.11 S3 6. -17SS 9 SI/ S.37 3 ,o) 6 sn Si 6 1.7 7 1.2) v5 1?o 1So S.S 2 S?S S.s/ S19 'S.11 S.S? S.S 8 sis S.11 S.13 SH S.37 6,00 6,oo 6.oo <6. c o S.3S S.3S SSL S3(e 6 oc 6.0 0 S-37 S32 S.38 S 39 SYO S.31 6.00 C.oo 6-00 6-oO 6. CO 6.oo 6.oc> 6.0 o **SOURCE: SALOMON BROTHERS AND HUTZLER SECONDARY MARKET RATE. S. 7S S.7S S.7S S7S S-7S S7S S-7S SlS SMS S. 63 S.63 S.C2 S.7S S> 6$ ■ 63 SMJ S'Mo S.So S-So S.7S S.7S SlS S2S ssr S3 S' S.9o S-9 o \r 13 <\ YIELDS ON U. S. GOVT. SECURITIES S>7o S.70 S.70 S 7 S' jf.7S S. 7S' S,?o S7S S'-70 FEDERAL FUNDS PER CENT PER ANNUM AVERAGES OF DAILY FIGURES WEEK ENDING FRIDAY S3S 6.oo SSs 1.90 1.1 o SSS S.11 SSS SSS 6.o o s?s S 20 S.so SSS S.3S S.30 S.30 S 63 SMS' PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS SELECTED YIELDS YIELDS ON U. S. GOVT. SECURITIES 13 3-MONTH TREAS. BILL PER CENT PER ANNUM AVERAGES OF DAILY FIGURES WEEK ENDING FRIDAY LONG-TERM WEEK ENDING /{, 3-5 YEAR Y-?7 4.76 A.tS A. 6 3 4.77 A. 6 A A.69 3lJ _ 3o 4,76 7 4.7a a AlJA_____ Jl! 4,7/ ____________ y Li Jf 4,6X 467 4.73_____ 4.11_____ 4.76 4.7f 4.7 L Me 4.6S 4.S8 43 3o 4.S4 oa (L*t> H.+t. * ^13 4.44 - A44 - A.40A37 A3 6 A39 A,4 A 3'41 A.43 A3 4 A-3 0 s.o c? 4,°lo 4-7 A 4.8A 4.8' ‘AVERAGES OF RATES AVAILABLE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CORPORATE Aoa Aa 7 AJ* A.HC A.AA ,7.3°) A36 A,44 ___ A,36 A#* A.29 A.4! A. 38 A, A11> s-n A. /6 .97 Y 4. a 4.20 4. to 4',8o PRIME COMMERCIAL pp,Up PAPER BANKERS 4-6-MONTH ACCEPTANCES PER CENT PER ANNUM AVERAGES OF DAILY FIGURES A 44 A.AX A.A/ A.4 9 'A,47 A 44 A.43 A.4' A. 37 '83 A 88 v5 At? A. 28 A4A 6.CO ____ 6, CO 6,00 C.O 0 A.3A A.3A A36 A3 6 6, 00 6.0 o S-37 jr.j? A3 8 A 34 3.40 A3 2 A3A &.00 6.CO 6..00 C,.oo £,.£>0 6.00 6.00 6.00 6.0 0 A. 7 A A.7A A. 7A A. 7A A 7A A7A A7A A. 7 A A6A A, 63 A.63 A.C2 A,7A A' 6 A 37 6A A.<*3 A6o A. Ao A. A0 A46 FEDERAL FUNDS LARGE CD'S ** FRIDAY A. 7A AlA A.7A A2A A2A A. 2 A A.9o A9o A7o A. 7o A70 A.70 A 7A A7A A. 7A' A ?o A.70 A70 A.70 PER CENT PER ANNUM AVERAGES OF DAILY FIGURES A3A 6.00 AAr 4.90 4,1 0 A.9 A A.44 A, 3 A Ac A 6.00 A. 7A A 20 A. AO A AA A. 3A A.3 0 A.30 A 63 AS/ Aoo * SECONDARY MARKET RATE. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS