Full text of U.S. Financial Data : Week Ending: July 18, 1979

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

ssvtajfe
F/A//I/VCT//WL

D/ir/1

Week ending: July 18, 1979
l—IBRX\pfy

During 1979,
interest rates on corporate Aaa bonds and
long-term Government securities increased quite steadily until
May. Between the end of January and early May, these long-term
rates increased between 25 and 30 basis points.
Since early May,
however, long-term rates have declined about 30 basis points.
Movements of interest rates on intermediate-term securities,_ such
as 3- to 5-year Government securities, have shown a similar
pattern.
In contrast to long-term interest rates, movements of
interest rates on short-term corporate and Treasury securities
were mixed between January and May.
For example, while the
3-month Treasury bill rate increased 24 basis points between the
end of January and early May, the interest rate on 4- to 6-month
commercial paper declined 25 basis points. Other short-term rates
also generally declined during this period.
Since early May, most
short-term rates have declined even further,. with most of the
decline occurring in June.
Since the beginning of July, some
short- and intermediate-term rates have again been rising (pages 6
and 7) .

CHANGES IN YIELDS OF SELECTED SECURITIES*
(Weekly Averages of Daily Rates)
1/26/79
to
5/4/79

5/4/79
to
7/20/79

17

13

-50

16

24

-28

-25

-11

1-Year Treasury Bills

-6

-51

3- to 5-Year Government Securities

15

-55

Corporate Aaa Bonds

27

-31

Long-Term Government Securities

28

-29

Federal Funds
90-Day Certificates of Deposit
3-Month Treasury Bills
4- to 6-Month Prime Commercial Paper

* Changes in basis points.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

Released: July 20, 1979

2

ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
154

BILLIONS
JUN.

13

— JUL.

152

146.3
147.0
147.2
147.7

150

148.2
146

146

144

142

140

138

136

3

17

31

14 28

JUN

12

28

0

23

8

20

SEP

JUL

4

18

15

28

13 27

10

24

7

4

21

FEB

OCT

MAR

18

2

16 30

13 27

11

25

APR
1979

LATEST DATA PLOTTED WEEK ENDING: JULY 18, 1979
THE ADJUSTED MONETARY BASE CONSISTS OF: (I) MEMBER BANK RESERVES AT JHE FEDERAL RESERVE
BANKS, (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND N THE VAULTS OF
COMMERCIAL BANKS), AND (3 ) AN ADJUSTMENT FOR RESERVE REQUIREMENT RAT 10 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 , AVERAGE OF FOUR WEEKS END 1NG:
7/19/78

10/18/78 12/20/78

1/17/79

2/21/79

3/21/79

4/18/79

5/16/79

4.5
4.6
5.7
5.9
6.8

3.7
5.5
5.9
7.0

7.0
6.8
8.1

7.8
9.2

9. 1

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/20/78
1/17/79
2/21/79
3/21/79
4/18/79
5/18/79
6/20/79
7/18/79

8.8
8.6
8.2
7.6
7.3
7.5
7.4
7.7


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

7.0
6.7
6.0
5.8
6.3
6.3
6.9

6.7
5.5
5.3
6.0
6. 1
6.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

i

I

MULTIPLIER^
ADJUSTED FEDERAL RESERVE CREDIT 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
2.9

RATIO
2.9

2.8

MULT IPLIER
V*

-

1979

sl 111

-LI 1 _Ll. 1 -LI 1 1 1 1 1 ill -LLI..J... -LLL 1 1 1 1
LATEST DATA PLOTTED WEEK ENOING: JULY II, 1979
BILLIONS OF DOLLARS
132
1
----- 1------ 1----~ COMPOUNDE D ANNUAL RATES
130 -- OF CHANCE . AVERAGE OF -THE FOUR WEEKS ENDING
“ JULY 18, 1979 FROM
128 — THE FOUR WEEKS ENDING. __
- MAY
10. 1979
7.6
APR
18, 1979
7.9
126
- FEB 21, 1979
6. 1
JAN
17, 1979
6.4
124 — OCT
18, 1978
7.8
_ JUL
19, 1978
8.7

III

UTLS

JUN.

6

JUL.

4
1 1

I! 531

-LLL 1 1 1 1 1 1 1 1 1 mini'
BILLIONS OF DOLLARS
132
130
n

128

AD- USTED =EDERA L RESE *VE CP EDIT
"s

7
126
-

124
-

122

122
-

-

120

120
-

-

118
116

f~

---- A

Cl

V

118

rna billions
JUN. 13
126.s'

116
JUL

114

\l

128.1

si 111
0
MAY

Oil ■i
-LLL
14 29 12 26
JUN

JUL

111 111
9 23 9 20
AUG
SEP
1978

LATEST DATA PLOTTED WEEK EH)INC.

111
4 19
OCT

1111 -LLL 1111
1 15 29 IS 27 10 24
NOV
DEC
JAN

JULY 18.

1 1 1
7 21
FEB

1 1 1
r 2i
MAR

lifts

TIMS

111
4 19
APR
1979

11111 1 1 1 llll’
z is y 13 *7 11 21
MAY
JUN
JUL

1979

1/ RATIO OF MOtCY STOCK (Ml) / ADJUSTED MONETARY BASE

jTf v
atio


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

... KB FROM THIS
ES.
DATA ARE

ute6 BY

PREPARED I

3

IMF"
FEDERAL RESERVE BANK OF ST. LOUIS

114

4

MONEY STOCK PLUS NET TIME DEPOSITS (M2)
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILL I PN.S
905

E— JUN

903.4
902.8
904.6
905.8
909.0
913.5

-= 895
■= 890

-E 850

~ 835

1.11 1

1978

1979

LATEST DATA PLOTTED WEEK ENDING-. JULY llr 1979
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.

MONEY STOCK PLUS NET TIME DEPOSITS CM2)
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING*.
7/12/78

10/11/78 12/13/78

1/10/79

2/14/79

3/14/79

4/11/79

1.3
3.0
5.8
6.4
7.6

5.2
8.4
8.4
9.5

11.2
10. 1
11.1

11.4
12.3

5/9/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING*.
12/13/78
1/10/79
2/14/79
3/14/79
4/11/79
5/ 9/79
6/13/79
7/11/79

8.4
7.3
6.0
5.7
5.9
6.7
6.9
7.4


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

3.6
2.6
2.7
3.3
4.9
5.4
6.2

0.6
1.4
2.7
5.0
5.7
6.8

1 1.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
385 :
1
1
iaza

I_ JUN.

am*

=

371.
368. 5
368. B
368. 7
369. 9

1111

-JUL.

6
13
20
27
4

i

-

BILLIONS OF DOLLARS
385

TTTT

5

1111

h

.

1

—J
2

U mmj

=

V

TTTT

i I I

Vj

r

I

III!

V

Lv

11

rrr

1111
!w

J

J-LL 111

1111

26 12 26
9 23
3 17 31
MAY
JUN
AUG
JUL

J.U..
6 20

111

mi.

4

1

SEP

OCT

16

1 1 1

13 29

NOV

ini ■in

13 27

DEC

10 24

7 21

l l l -Li i.. i m. -LLL. 11.1
7 21
4 19
2 16 30 13 27 II 23

JAN

FEB

MAR

1978

APR

MAY

JUN

JUL

1979

LATEST DATA PLOTTED WEEK ENDINQi JULY II,

1979

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.fl RELEASE.
THE MONEY STOCK CONSISTS OF DEMAND DEPOSITS PLUS CURRENCY AND COIN HELO BY THE NONBANK PUBLIC.

MONEY STOCK (Ml
COMPOUNDED ANNUAL RATES OF CHANCE
7/12/78

10/11/78 12/13/78

1/10/79

AVERAGE OF FOUR WEEKS ENDINGi

2/14/79

3/14/79

4/11/79

3/9/79

2.2
8.2
7.2
8. 1

13.4
10.1
10.4

11.9
11.8

7.8

TO THE AVERAGE
OF FOUR WEEKS
ENDING i
12/13/78
1/10/79
2/14/79
3/14/79
4/11/79
3/ 9/79

6/13/79
7/11/79

4.7
4.2
2.4
1.9
2.3
4.0
4. 1
4.6


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

-0.2
-2. 1
-2.0
-0.8
1.9
2.4
3.3

-3.0
-2.5
-0.6
3.3
3.6
4.6

-4.4
-1 .3
3.6
3.9
5.0

PREPARED BY FEDERAL RESERVE BANC OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
12.5

PERCENT
12.5
12.0

PRIME BANK
LOAN RATE

12.0

1 1.5
90 DAY CD'S***

11.0

110
10.5
10.0
9.5
9.0

Corporate aaa bonds

8.5

8.0
COMMERCIAL PAPER
7.5
7.0
6.5

6.0
5.5
I I I I
2

16 30

14

28

II

25

8 22

6

20

OCT

3

17

NOV

1

15

29

12

26

JAN

9

23

9 23

6 20

4

0

16

FEB

1979
1978
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENOING: JULY 20, 1979

1979
MAY

4
1 1
18
25
JUNE
1

8
15
22
29
JULY 6
13
20 X
27

90 DAY
CD'S XXX

PRIME
COMMERC1AL
PAPER
4-6 MONTH

PRIME
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

MUNICIPAL
BONDS XX

9.94
10.21
10.19
10. 19
10.08
10.09
9.99
9.90
9.89
9.84
9.94
10. 10

9.91
10.00
10.03
9.98
9.91
9.88
9.71
9.61
9.61
9.62
9.75
9.80

9.99
10.04
10.00
9.94
9.93
9.90
9.73
9.76
9.72
9.73
9.94
10.00

9.51
9.52
9.51
9.49
9.48
9.41
9.25
9.23
9.23
9. 16
9. 17
9.20

6.27
6.30
6.30
6.21
6. 16
6.09
6. 1 1
6. 18
6. 12
6.08
6. 1 1

X AVERAGES OF RATES AVAILABLE.
XX BOND BUYER’S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
XX*

N.A.

SEVEN-DAY AVERAGES OF SECONDARY MARKET RATES F0& THE WEEK END ING WEDNESDAY TWO DAYS
EARLIER 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. LOUIS


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PERCENT

11.0 i—

— U .0

FEDERAL FUNDS RATE

10.0

10.0
DISCOUNT RATE

3-5 YEAR
TREASURY SECUR

THREE-MONTH TREASURY
BILL MARKET YIELD

5

19

2

16 50

14

JUL

28

11

25

8 22

6 20

3

17

1

IS 29

AUG

12

JAN

26

9 23

9

FEB

23

6

20

APR

4

18

MAY

1978
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JULY 20, 1979

1979
MAY

4
1 1
18
25
JUNE
1
8
15
22
29
JULY 6
13
20 *

FEDERAL
FUNDS KK

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL **X

1-YEAR
TREASURY
BILL

3-5 YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

10.22
10.25
10.25
10. 17
10.28
10.23
10.23
10.28
10.32
10.42
10.28
10.35

9.58
9.63
9.60
9.64
9.55
9.36
8.97
8.96
8.83
9. 10
9.28
9.30

9.57
9.62
9.46
9.60
9.41
9.43
9.05
8.87
8.90
8.87
9. 16
9.26

9.40
9.39
9.26
9. 14
9.05
8.94
8.74
8.84
8.64
8.70
8.79
8.89

9.42
9.42
9.32
9. 1 4
9.08
8.97
8.85
8.93
8.78
8.71
8.82
8.87

9. 17
9.20
9. 13
9.03
8.98
8.90
8.81
8.85
8.76
8.74
8.82
8.88

27

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.
*WK NEW ISSUE RATE
RATES ON LONG-TERM TREASURY SECURITIES ARE COMPUTED BY THE FEDERAL RESERVE BANK OF ST.
TREASURY BILL YIELDS ON DISCOUNT BASIS.
m


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. i_OJ IS

7

8

NET TIME DEPOSITS

ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
545

BILLIONS

540

935.8

535

537. 1

530
325
520
513
510
505
300
493

3

17 31

14 2«

12 26

B 23

6 20

4

It

1

13 29 1 3 27

1 0 24

7

21

7

4

21

MAR

It

2

16 30

13 27

JUN

APR

1

JUL

1978
LATEST DATA PLOTTED WEEK END INO. JULY 11, 1979
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 NEGOTIABLE TIME dERTIFICATES OF DEPOSIT ISSUED IN
DENOMINATIONS OF tlOO.QOO OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.

NET TIME DEPOS1TS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGt
5/9/79
7/12/78 10/11/78 12/13/78 1/10/79 2/14/79 3/14/79 4/11/79
TO THE AVERAGE
OF FOUR WEEKS
ENDING.
12/13/78
1/10/79
2/14/79
3/14/79
4/11/79
5/ 9/79
6/13/79
7/11/79

11.1
9.5
8.7
8.5
8.4
8.7
8.9
9.4


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

6.5
5.9
6.0
6.3
7.0
7.5
8.4

3.2
4.2
5. 1
6.2
7. 1
6.3

5.4
6.2
7.4
8.2
9.3

7.3
8.6
9.3
10.5

9.6
10. 1
11.5

11.1
12.6

13.2

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
280

billions
269.6
267.3
266.8
267.9
271.1

JUN

JUL

1978
LATEST DATA PLOTTED WEEK ENDINGs JULY II, 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 ENDINGs
7/12/7B

10/11/78 12/13/78

1/10/79

2/14/79

3/14/79

4/11/79

5/9/79

0.3
8.4
6.9
8.0

15.5
10.6
11.1

13.1
13.0

7.4

TO THE AVERAGE
OF FOUR WEEKS
END 1NGi
12/13/78
1/10/79
2/14/79
3/14/79
4/11/79
5/ 9/79
0/13/79
7/11/79

2.5
1.9
-0.5
-1.0
-0.4
1.9
2.0
2.8


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

-3.6
-6. 1
-5.8
-4.2
-0.5
0.0
1.3

-7.4
-6.5
-3.9
1.3
1.7
3. 1

-B.9
-4.8
1.9
2.2
3.8

PREPARED BY FEOERAL RESERVE BANK OF ST. LOUIS

9

10

CURRENCY COMPONENT
OF MONEY STOCK
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
106

101.4

101.2
101.4
101.8
101.9
102.0

100

I I I I
3

17 9)

14 28

12

26

» 29

I I I I
fl 20

4

18

1

15 29

15 27

10 24

7

21

1979
LATEST DATA PLOTTED WEEK ENDiNGi JULY 11,

19T9

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.

CURRENCY
COMPOUNDED ANNUAL RATES OF CHANGE
7/12/78

10/11/78 12/13/78

AVERAGE OF FOUR WEEKS ENDING!

1/10/79

2/14/79

3/14/79

4/11/79

3/9/79

9.2
8.4
8.4
8.7
8.6

7.5
7.7
8.3
8.2

7.4
8.3
8.2

9.0
8.7

9.0

TO THE AVERAGE
OF FOUR WEEKS
ENDlNGt
12/1 S/78
1/10/79
2/14/79
3/14/79
4/11/79
5/ 9/79
6/13/79
7/11/79

10.7
10.6
10.5
10.2
9.9
9.7
9.7
9.6


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

9.5
9.7
9.4
9.0
6.9
9.0
8.9

9.9
9.4
8.6
8.6
8.8
8.7

PREPARED BY FEDERAL RESERVE BAMC OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
ALL MEMBER BANKS IN THE NATION
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
3.5 r------ ,----- ,--1979 MjUlQNS

i

BILLIONS OF DOLLARS
---- ----- ---- Z1 3.5

JUN. 13
1587

3

17 31

14 28 12 28

JUN

9 23

JUL

8 20

4

SEP

OCT

18

1

15 29 13 27

10 24

7 21

4

18

2

16 30

13 27

JUN

LATEST DATA PLOTTED WEEK ENDING: JULY 18,

II

25

JUL

1979

BUSINESS LOANS
(COMMERCIAL AND INDUSTRIAL)
BILLIONS OF DOLLARS
148 ------ ,----- ,---

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
---- ----- ----- 1 48

COMPOUNDED ANNUAL RATES
— OF CHANGE. AVERAGE OF _ THE FOUR *EEKS ENDING
JULY 11. 1979 FROM
— THE FOUR WEEKS ENDING: '
I_ MAY
9, 1979
24.6
APR. II,
26.6
“ MAR. I A,
—
FEB.
14.
— rto . i ,
_ JAN. 10,
OCT. 11,
17.2
— JUL. 12,

MILLIONS
JUN.

6

JUL.

4

142,699
143,209

144,905
145,794
I I I I I I I I I I 1 I I I

INI
3

17 31

14 28 12 28

JUN

9 23

JUL

6 20

4

SEP

OCT

18

1

15 29 13 27

10 24

7 21

FEB

4

MAR

18

APR

30 13 27

11

JUN

JUL

25

LATEST DATA PLOTTED WEEK ENDING: JULY II, 1979


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

X
m
H

12

C
3

Z

I

CERTIFICATES

OF

DEPOSIT

■0
O

LARGE COMMERCIAL BANKS

U)

H

WEDNESDAY FIGURES
IONS OF DOLLARS

NOT SEASONALLY ADJUS ItU

ILL IONS OF DOLLARS

>
O
m

C/5 "U *71
H •

m

rPo
owg
E£>
c/> * n
2 £ u
rwm
c/>
t/>
(/>
m

O

BILLIONS

C

>

CD

21

>

Z

H
m
m
O

O

c
00

3 IT 31 14 21 12 M 9 23 0 20
JUN

4 19

I

JUL

FEB

MAR

APR

LATEST DATA PLOTTED WEEK ENDING: JULY 11, 1979
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1 H.6 RELEASE.
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 9100,000 OR MORE BY LARGE
WEEKLY REPORTING COMMERCIAL BANKS.
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

W

H

tfl
H

>
«/>

m

>

mrm