Full text of U.S. Financial Data : Week Ending: July 29, 1981

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

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Fs/A\

J*\ L 0/1 T* A

Week ending: July 29, 1981

mm
library

Money market mutual fund shares increased 65.5 percent from
June 1980 to June 1981. This percentage increase is much larger than
that of most major deposit categories at commercial banks and thrift
institutions. Such a comparison, however, is significantly affected by
.the relatively small initial size of money market mutual fund shares
"MG ^outswfitling. The consideration of dollar changes of selected deposit
categories adds an additional perspective to such a comparison.
Since a year ago June, total money market mutual fund shares
outstanding have increased by almost $49 billion. As the table below
indicates, this dollar increase is smaller than the addition to either small
or large time deposits at commercial banks and thrift institutions
combined. Small time deposits increased by over $94 billion, while total
large time deposits (excluding large time deposits held by money
market mutual funds) increased by $51 billion. Thus, for those deposit
categories on which commercial banks and thrifts may pay interest rates
at or near market rates, they have experienced larger dollar inflows
than money market mutual funds. On the other hand, commercial banks
and thrift institutions have had outflows of savings deposits, which have
interest rate ceilings far below market rates. Total savings deposits fell
by almost $31 billion since last June 1980.

Selected Components of Money Stock Measures
(billions of dollars, not seasonally adjusted)

Date

Money
market
mutual
funds

Total demand
deposits plus
total other
checkable
deposits

June 1980

$ 74.2

$279.3

$386.3

$715.1

$228.9

June 1981

122.8

304.2

355.5

809.4

279.9

Change

+48.6

+24.9

-30.8

+94.3

+51.0

Total
savings
deposits

Total
small
time
deposits*

Total
large
time
deposits**

* Time deposits issued in amounts of less than $100,000.
** Time deposits issued in amounts of $100,000 or more. This measure
excludes large time deposits held by money market mutual funds and
thrift institutions.

Prepared by Federal Reserve Bank of St. Louis

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

Released: July 31, 1981

2
ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES
BILLIONS OF DOLLARS

SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

ftllUQNS
167.3

66.6

166.7
167.2
168.5
168.3

I I I I
4 18

2 IB 30 13 27

AUG

10 24

8 22

3

IB

3 17 31

SEP

14 28

JAN

LATEST DATA PLOTTED WEEK ENDINGt JULY 29,

II

25 11

FEB

25

8 22

6 20

3 17

MAR

1981

THE ADJUSTED MOftTARY BASE CONSISTS OFi Cl) MEMBER BANK RESERVES AT THE FEDERAL RESERVE
BAfKS, 12) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PU8LIC AND IN THE VAULTS OF
COMCRCIAL BAM<S), AM) ( 3 ) AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO CHANGES.
THE
MAJOR SOURCE OF TfHE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT.
DATA ARE COMPUTED
BY THIS BAM(. A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE FROM
THIS BAM(.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE
7/30/80

10/29/80 12/31/BO

AVERAGE OF FOUR WEEKS ENDING:

1/28/81

3/4/81

4/1/81

4/29/81

5/27/81

5.8
6.8
7.3
5.9
6.2

7.4
7.9
5.9
6.3

9.0
6.0
6.5

4.6
5.7

4.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/31/80
1/28/81
3/ 4/81
4/ 1/81
4/29/81
5/27/81
7/ 1/81
7/29/81

9.0
7.7
7.4
7.2
7.4
7.5
6.9
7.0


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

4.8
5. 1
5.2
5.8
6.2
5.5
5.8

3.6
4.2
5.4
6.0
5.1
5.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED BANK RESERVES

is

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILLIONS
45,9
46.7
47.5

5

AUG

19

3

17 31

H 28

JAN

SEP
1980

II

25

FEB

II

25

8 22

6 20

3

17

MAR

LATEST DATA PLOTTED WEEK ENDING: JULY 22, 1981
1/ ADJUSTED MONETARY BASE LESS CURRENCY HELD BY THE NONBANK PUBLIC (MEMBER BANK RESERVES AT
FEDERAL RESERVE BANKS ( + > CURRENCY HELD BY COMMERCIAL BANKS).

ADJUSTED BANK RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE,
7/23/80

10/22/80 12/24/80

AVERAGE OF FOUR WEEKS ENDING:

1/21/81

2/25/81

3/25/81

4/22/81

5/20/81

3.8
2.6
4.0
4.1
1.7

7.3
7.8
6.8
3.3

4.3
4.4
0.7

6.4
0.9

-2.4

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/24/80
1/21/81
2/25/81
3/25/81
4/22/81
5/20/81
6/24/81
7/22/81

12.7
8.3
6. 1
7. 1
6.4
6.6
6.4
5.0


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

3.5
1 .3
3.7
3. 1
3.8
3.9
2.3

-8.4
-1.7
-1.3
0.5
1 .3
-0.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK (MIA)
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

— JUN.

BILLIONS OF DOLLARS
400

361.8
361.3
364.9
390

385

4 18

2 10 SO 13 27 10 24

0 22

5 10

3 IT 31

14 20 II 25 11 23
JAN
FEB
MAR

1980

0 22

6 20

3 17

1981

LATEST DATA PLOTTED «€EK ENDING: JULY 22.

1981

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
MIA CONSISTS OF CURRENCY AND COIN PLUS COMMERCIAL BANK DEMAND DEPOSITS HELD BY THE NONBANK
PUBLIC EXCLUDING THOSE HELD BY FOREIGN BANKS AND OFFICIAL INSTITUTIONS.

MONEY STOCK (MIA)
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
7/23/80

10/22/80 12/24/80

1/21/81

2/25/81

3/25/81

4/22/81

5/20/81

-1.1
-1.3
-4.6
-3.8

0.5
-4.5
-3.6

-7.6
-5.4

-7.0

l THE AVERAGE
FOUR WEEKS
:NDING;
12/24/80
1/21/81
2/25/81
3/25/81
4/22/81
5/20/81
6/24/61
7/22/81

8.4
2.0
-3.8
-3.9
-3.2
-3. 1
-4. 1
-3.8


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

-9.7
-15.5
-13.6
-11.3
-10. 1
-10.4
-9.4

-28.0
-21.6
-16.4
-13.8
-13.5
-11.8

-19.0
-12.8
-10.3
-10.7
-9.2

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

MONEY STOCK ( MlB)
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
450 f---------1------------- ,-----1981
JUN.

17

ILL IONS OF DOLLARS
—--------------------- 450

BILL 1-QNS
429. I
428.6

— JUL
428.7
428.7

3

JUN

JUL

AUG

SEP
1980

OCT

NOV

17 31

14 28 11

DEC

LATEST DATA PLOTTED WEEK ENDING: JULY 22.

JAN

FEB

25 II

25

MAR

1

8 22

APR

MAY
1981

JUN

15 29

JUL

12 26

AUG

1981

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
MIB CONSISTS OF MIA PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITARY INSTITUTIONS.

MONEY STOCK (MIB)
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
7/23/80

10/22/80 12/24/80

1/21/81

2/25/81

3/25/81

4/22/81

10.4
14.8
11.4
6.2
5.8

20.2
13.4
6. 1
5.6

12.5
3.4
3.5

-5. 1
-2.5

5/20/81

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/24/80
1/21/81
2/25/81
3/25/81
4/22/81
5/20/81
6/24/81
7/22/81

1 1.4
10.3
9.7
10.3
1 1.8
10.7
8.4
8.0


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

2.5
3.7
5.7
8.5
7.5
4.8
4.7

5.7
8.5
12.3
10.0
5,9
5.6

-3.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PERCENT

22.0
21.0

21.0
ME BANK
AN RATE

20.0
19.0

90 DAY CD'S

18.0
17.0
16.0
15.0
14.0
13.0

CORPORATE
Aaa BONDS

12.0
11.0
10.0
MJNJCIPAL
9.0
8.0
7.0

6 20

4 18

1

15 29 12 28 10 24

7 2|
NOV

5 IB
DEC

2 16 50 IS 27 15 27 10 24
FEB
MAR
APR

8 22

5 IB

5 |7 51

14 28

1980
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JULY 31,

90 DAY
CD'S

1981
JUNE

5
12
19
26
JULY
3
10
17
24
31 *
AUG.
7

17
16
16
16
17
17
17
18
17

37
72
60
97
10
68
47
18
85

PRIME
COMMERCIAL
PAPER *x*
16.56
15.91
15.65
15.92
16.07
16.60
16.55
17. 13
16.68

PRIME
BANKERS'
ACCEPTANCES
16.77
16. 17
16. 15
16.26
16.58
17.03
16.86
17.55
17.30

CORPORATE
Aaa BONDS
13.84
13.73
13.61
13.77
14.04
14. 19
14.25
14.55
14.57

CORPORATE
Baa BONDS
15.78
15.76
15,75
15.84
15.97
16.05
16.15
16.30
16.23

1981

MUNICIPAL
BONDS H9K
10.59
10.63
10.73
10.74
10.85
10.97
11,09
11.34
N. A.

21
28

* AVERAGES OF RATES AVAILABLE.
we BOND BUYER'S AVERAGE IW>EX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
W0« 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

0

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

22.0

22.0

21 .0
FEDERAL FUNDS RATE

20.0
19.0
18.0
3-MONTH
-j— TREASURY BILL

17.0
16.0
15.0
14.0
13.0

12.0
5-YEAR
TREASURY SECURITIES

11 .0

DISCOUNT
RATE

10.0
9.0

8.0
7.0

20

4

18

1

15 29

12

26

10 24

7 21

5

NOV

DEC

19

2

16

30

13 27

FEB

13 27

MAR

10 24

8 22

5

19

3

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* JULY 31,

1981
JUNE

5
12
19
26
JULY
3
10
17
24
31 X
AUG.
7
14
21
28

FEDERAL
FUNDS XX
18.40
19.33
19.10
19.20
18.84
19.93
18.76
19.05
18.54

3-MONTH
TREASURY
BILL
15.69
14.79
14.31
14.39
14.34
14.82
14.56
15.50
15.12

6-MONTH
TREASURY
BILL XXX
14.49
14.00
13.36
13.94
13.62
14.05
14.23
15.38
14.79

17 31


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

28

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

13.53
13.15
13.03
13.20
13.30
13.58
13.56
14.40
14.44

14.06
13.83
13.81
14.05
14.28
14.48
14.53
15. 17
15.04

1981

X AVERAGES OF RATES AVAILABLE.
XX SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE.
yyy
|
RATE
RATES ON LONG-TERM TREASURY SECURITIES ARE COMPUTED BY THE FEDERAL RESERVE BANK OF ST.
TREASURY BILL YIELDS ON DISCOUNT BASIS.
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

H

APR

LONG-TERM
TREASURY
SECURITIES
12.93
12.73
12.62
12.92
13.22
13.28
13.29
13.73
13.70

0

8
MULTIPLIERS!/
CURRENCY OF MONEY STOCK MEASURES 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO

2.9
1981
JUN.

2.8

BAim
17

2. 76

5
22

2\
2

MONEY MULTIPLIERS

2.7

~ JUL

2.6

2.3
RATIO
7
!4
JUL.

2.2

2.580
2! 562
2i 561

1 1 I I I 1 1 1 1 1 111 I 1 1
LATEST DATA PLOTTED WEEK ENDING. JULY 22,

1981

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
124

~

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
—THE FOUR WEEKS ENDING
JULY 22, 1981 FROM
- THE FOUR WEEKS ENDING:

—MAY
20, 1981
APR.
22, 1981
- MAR.
25, 1981
FEB.
25, 1981
- JAN.
21, 1981
OCT.
22, 1980
JUL. 23. 1980

5.9
6.6
7.7
7.6
7.0
6.9

CURRENCY

1991

BILLIONS

20! 8

111 1 1.1 1
4

18

2

16 30

13 27

AUG

10 24

8 22

S

19

3

17 31

SEP
1980

14 28

JAN

II

FEB

25

II

25

8 22

6 20

3

lLLl-L-LL

17

MAR

,

LATEST DATA PLOTTED WEEK ENDING: JULY 22 19*I
1/ RATIO OF MONEY STOCK (MIA) OR <MIB) TO ADJUSTED MONETARY BASE
2/ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

DEMAND DEPOSIT COMPONENT OP MONEY STOCK (MIA)
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

billions of

dollars

285

280
237.9
275

—

275

270

—

270

265

260

255

250

245

240

235

4 18

2 16 30 13 27 10 24
AUG
SEP

8 22

5 IS

3 17 31 14 28 II 23 II 25
DEC
JAN
FEB
MAR

LATEST DATA PLOTTED WEEK ENDING: JULY 22.

8 22

6 20
MAY

3 17
JUN

I

is 29 12 28

1981

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

DEMAND DEPOSIT COMPONENT OF MONEY STOCK (MIA)
COMPOUNDED ANNUAL RATES OF CHANGE.
7/23/80

10/22/80 12/24/80

1/21/81

AVERAGE OF FOUR WEEKS ENDING:

2/25/81

3/25/81

-6.2
-6.2
-9.5
-8.8

-3.9
-9.2
-8.4

4/22/81

5/20/81

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/24/80
1/21/81
2/25/81
3/25/81
4/22/81
5/20/81
6/24/81
7/22/81

7.9
-1 . 1
-9.0
-9.2
-8.4
-8.2
-9.2
-8.9


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

-16.3
-24. 1
-21 .8
-19.0
-17.4
-17.3
-16.2

-40.0
-32. 1
-25.9
-22.5
-21.5
-19.6

-29.0
-21 .5
-18.2
-17.9
-16. 1

-12.4
-10.4

-12.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10
SAVINGS PLUS SMALL TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
500

BILLIONS

495

488. 1
488.2
489.5
490.2
490.9

490

485

460
475

470

465

460

455
450

4

18

2

16 30

13 27

AUG

10 24

8 22

5

19

3

17 31

SEP
1980

14 28

JAN

LATEST DATA PLOTTED WEEK ENDING-. JULY 22,

II

25 1 I

FEB

25

8 22

6 20

3

17

I

15 29

12 28

MAR

1981

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1 H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000.

SAVINGS PLUS SMALL TIME DEPOS1TS
COMPOUNDED ANNUAL RATES OF CHANGE
7/23/80

10/22/80 12/24/80

AVERAGE OF FOUR WEEKS ENDING:

1/21/81

2/25/81

3/25/81

4/22/81

5/20/81

4.3
4.0
3.7
4.4
4.5

4.7
4.0
4.9
4.9

3.0
4.6
4.6

5. 1
5.0

6.0

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/24/80
1/21/81
2/25/81
3/25/81
4/22/81
5/20/81
6/24/81
7/22/81

10.4
9.6
8.5
8.2
7.7
7.2
7.2
7.0


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

10.9
8.6
8. 1
7.4
6.7
6.8
6.6

3.9
4.6
4.3
4.0
4.6
4.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

3 ILL IONS OF DOLLARS
IMI

BILLIONS OF

dollars

MILLIONS

I I I I
4 18

2 16 90 AUG
13 27 SEP
10 24

8 22

5 10

3 17 31 14 28 II 23 11 25

8 22

6 20
MAY

I

3 17
JUN

IS 20 12

LATEST DATA PLOTTED WEEK ENDING. JULY 29, 1981

BUSINESS LOANS
(COMMERCIAL AND
BILLIONS OF DOLLARS
184

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

“ COMPOUNDED ANNUAL RA TES
-OF CHANGE. AVERAGE 0
_ THE FOUR llfEEKS END ING
JULY 22. 1981 FROM
180 — THE
FOUR WEEKS END ING.
I MAY 20. 1981
22.3
178
APR. 22. 1981
25.0
~ MAR. 25. 1981
22.7
176 — FEB. 25. 1981
14.6
_ JAN. 21. 1981
10.1
OCT. 22. 1980
12.1
174

BILLIONS OF DOLLARS
184

-

182

r-

t
A*

168
166
164
162
160
15B
0

\

A
/

-

A

■A

-

-

172
170

-

V-

-

K

-

/“

im

MILLIONS

182
180
178
176
174
172
170
168
166
164

N
1 U 1
4 la
JUN

111 -LLU _U 11 -LLL 1 1 l-L 111

2 16 30 13 27 10 24 8 22
JUL
AUG
SEP
OCT
1980

5 16
NOV

1 1 1 -l-U. -U 1 1

17
177,762 24
178,216
1
181,053 _
8
180,815
_
15
180,589
22
180,686 ~
1111imm iiiiii'

3 17 31 14 28 II 23 11 25
6 20
22
DEC
JAN
FEB
MAR
APR
MAY
1981

6

3 17
JUN

1 IS 26 12 26
JUL
AUG

LATEST DATA PLOTTED WEEK ENDING. JULY 22, 1981


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

158
0

12
LARGE TIME DEPOS11S
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
250

BILLIONS
245
237.4
240
235

230

225

220
215

210
205

4 18

2 18 30 13 27 10 24
AUG
SEP
1980

8 22

5 IS

3 17 31

LATEST DATA PLOTTED WEEK ENDING: JULY 22r

14 28 II 25 II 25
JAN
FEB
MAR

8 22

6 20

1981

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100.000 OR MORE.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS