Full text of U.S. Financial Data : Week Ending: July 7, 1982

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F/A/>1 /VC//1L

D X\T S\

Week ending: July 7,1982

ms

L-MHF? jw^ jp"ry

JUL 1 3 1982 The growth of the money market mutual fund (MMMF)
component of M2 has been substantially slower during the
first six months of 1982 than during 1981. Assets in MMMFs
increased by only about $17 billion during the first six
months of 1982, compared with over $48 billion during the
previous six months.
The rapid growth of MMMFs during 1981 was
accompanied by a much slower growth rate of small time
deposits and a decrease in savings deposits. As a result,
MMMFs as a percent of small time and savings deposits of
depository institutions more than doubled during 1981, rising
from 5.4 percent in December 1980 to 12.6 percent in
December 1981. Small time deposits have continued to grow
at about their 1981 rate during the first six months of 1982,
while savings deposits have been rising this year, after
declining for most of last year. Thus, MMMFs as a percent
of small time and savings deposits increased only to 13.5
percent during June 1982.
Changes in Selected Components of M2
(billions of dollars)

Period

Money market
mutual funds.]/

Total
small time
deposits!/

$41.0
48.3
17.4

$53.8
49.2
45.9

12/80- 6/81
6/81-12/81
12/81- 6/82

1/ Money market mutual fund
seasonally adjusted.

component

Total savings
deposits!/
$-32.1
-23.2
6.2

of

2/ Seasonally adjusted.

Prepared by Federal Reserve Bank of St. Louis

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

Released: July 9, 1982

M2,

not

2
ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
182 --------- 1--------- 1--------

BILLIONS OF DOLLARS
----- ------------ ---------- 182

BILLIONS
— JUN.

177.9
178.1
178.5
178.0
177.6
177.8

I

MAY

JUN

15 29 12 26

JUL

AUG

9 23

SEP

7 21

4

OCT

NOV

18

2

16 30

DEC

13 27

JAN

10 24

10 24

7 21

5

19

2

16 30

14 28

FEB

1981
LATEST DATA PLOTTED WEEK ENDING-. JULY 7,

1982

ATEFEDERALERFSFRVFARAwKSEf SwNiiJi.jrv* , £.1J. RESERVE ACCOUNTS OF F INANCIAL INSTI TUT IONS

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES
7/8/81

10/7/81

12/9/81

2.9
4.4
5. 1
5.6
5.5
6.0
6.6
6.5

7.9
8. 1
8.4
7.9
8.3
8.7
8.4

10.7
10.3
9. 1
9.5
9.8
9.2

CHANGE, AVERAGE OF FOUR WEEKS ENDING:
1/6/82

2/10/82

3/10/82

7.4
8.6
9.3
8.5

8. 1
9.3
8.3

4/7/82

5/5/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/ 9/81
1/ 6/82
2/10/82
3/10/82
4/ 7/82
5/ 5/82
6/ 9/82
7/ 7/82


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

9. 1
8.0
8.7
9.2
8.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS of dollars

billions

49.0
49.6
50. 1
49.6
49.0

1982
LATEST DATA PLOTTED WEEK ENDING-. JUNE 30,

1982

ADJUSTED MONETARY BASE (RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE
BANKS PLUS CURRENCY IN CIRCULATION) LESS CURRENCY HELD BY THE NONBANK PUBLIC.

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE,
7/1/81

9/30/81

12/2/81 12/30/81

AVERAGE OF FOUR WEEKS ENDING:

1/27/82

3/3/82

3/31/82

4/28/82

18.3
13.3
12.0
11.3

5.5
6.8
7.1

6.1
6.7

8.6

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/ 2/81
12/30/81
1/27/82
3/ 3/82
3/31/82
4/28/82
6/ 2/82
6/30/82

-1.5
-0.4
0.4
3.8
4.3
4. 1
4.6
4.9


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

5.3
5.3
9.9
9.7
8.7
8.7
8.7

5.7
13.4
12.2
10.3
10.0
9.8

17.0
14.3
11.4
10.8
10.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
470 r---------r—------ ,---------

BILLIONS OF DOLLARS
---------------------------- =] 470

BILLIONS
451.4
453.3
454.9
445.9

■UI 1 I I I I
I

MAY

15 29

12 26

JUN

9 23

7 21

4

OCT

NOV

LATEST DATA PLOTTED WEEK ENDING. JUNE 30,

1

2

16 30

13 27

JAN

10 24

10 24

7 21

5

19

2

16 30

14

§8

FEB

1982

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
Ml CONS'STS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COMMERCIAL BANK DEMAND DEPOSITS
NELD BY THE NONBANK PUBLIC (EXCLUDING THOSE HELD BY FOREIGN BANKS AND OFFICIAL INSTITUTIONS)
AND OTHER CHECKABLE DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS' CHECKS.

MONEY STOCK ( Ml )

COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
7/1/81

9/30/81

12/2/81

4.8
5.9
8.4
6.7
6. 1
7.0
6. 1
5.2

9. 1
13.0
9. 1
7.8
8.8
7.4
6. 1

19.3
10.0
7.8
9.3
7.3
5.6

12/30/81

1/27/82

3/3/82

3/31/82

4/28/82

TO THE AVERAGE
OF FOUR WEEKS
END 1NG:
12/ 2/81
12/30/81
1/27/82
3/ 3/82
3/31/82
4/28/82
6/ 2/82
6/30/82


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

9.0
6.5
8.6
6.4
4.6

-1.4
3.6
2.3
1 .0

8.3
4.6
2.3

6.2
2.7

-2.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
2.9

RATIO
2.9

RATIO
JUN.

Ml MULTIPLIER

-LL.L1 I 1 1. LI

I I 1 1.11
LATEST DATA PLOTTED WEEK ENDING: JUNE 30.

1982
BILLIONS OF DOLLARS
130

BILLIONS OF DOLLARS
130 --------- 1--------- 1------------1--------- 1------------

-

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF

-

JU •4E 30, 1982 FROM
TH FOUR WEEKS END 1 G*.
AP R. 28, 1982
31, 1982
---- MA R.
3, 1982
MA R.
27, 1982
JA N.
30, 1981
“ DE C.
P.
30,
1981
SE
1 , 1981
— JU L.

10.

1 1 .C
9.C
9.
8.
8.
7.

_
CURRE NCY

/

r

-

26
MA'i
2
JUh4.

9
16
23
30

111
6

20

MAY

3

17

JUN

1 L.IJL- 1 1 1 -LLLL 1 1 1
I

15

JUL

29

12

AUG

26

iii

1 1II

NOV

DEC

16

9 21

SEP
1981

OCT

LATEST DATA PLOTTED WEEK ENDING: JUNE 30,

1 1 1 _LLL 1111
30

13

JAN

27

10 24

FEB

10

24

MAR

111
7

21

APR
1982

27.7
28.3
28.3
28.4
28.4
28.6

_

—
_

11111111111 r
5

19

16 30

JUN

14

28

JUL

1982

1/ RATIO OF MONEY STOCK (Ml) 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

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
22.0 r-

PERCENT

—I 22.0

21.0

21.0

20.0

19.0
90 DAY CD'S

PRIME BANK
LOAN RATE

15.0

14.0

CORPORATE
Aaa BONDS

13.0

COMMERC1AL
PAPER
10.0

I

15 29

ill
I I I II
12 26 10 24

4

AUG

18

2

16

SEP

30

13 27

NOV

11

25

DEC

FEB

MAR

MAY
JUN
1982
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JULY 9. 1982

1982
MAY

7
14
21
28
JUNE
4
1 1
18
25
JULY
2
9 *
16
23
30

90 DAY
CD'S
14.16
13.82
13.76
13.44
13.72
13.83
14.55
15.13
15.21
15.05

PRIME
COMMERC1AL
PAPER ***
13.65
13.32
13.23
12.94'
13.15
13.39
13.98
14.55
14.68
14.42

PRIME
BANKERS'
ACCEPTANCES
13.67
13.36
13.26
13.03
13.29
13.46
14.16
14.65
14.73
14.33

CORPORATE
Aaa BONDS
14.36
14.22
14.23
14.21
14.50
14.62
14.79
15. 10
15.07
15.07

CORPORATE
Baa BONDS
16.72
16.54
16.62
16.69
16.80
16.85
16.92
17.03
16.95
16.90

MUNICIPAL
BONDS**
12.04
11.82
11.96
11.99
12.13
12.40
12.63
12.62
12.58
N. A.

* AVERAGES OF RATES AVAILABLE.
** BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
*** 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
22.0 r—

PERCENT
-n 22.0

21 .0

21.0

20.0

5-YEAR
TREASURY SECURITIES
FEDERAL FUNDS RATE

13.0
12.0
DISCOUNT
RATE

10.0

3-MONTH
TREASURY BILL

1-L.I 1. I I I
1

15 29

12

26

10 24

4

AUG

18

2

16 30

13

27

II

I I I IT

25

SEP

2

FEB

16 30

14

28

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK END INGt JULY 9,

1982
MAY

7
14
21
28
JUNE
4
I 1
IB
25
JULY
2
9 #
16
23
30

FEDERAL
FUNDS K*
15.53
14.97
14.67
13.70
13.43
13.60
14.24
14.17
14.81
14.47

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL ***

12.54
12.38
11.90
11.54
12.09
12.06
12.46
12.88
12.81
12.38

12.78
12.24
12. 19
11.68
11.59
12.12
12.50
13.03
13.42
12.98

11

25

1-YEAR
TREASURY
BILL
12.29
12.11
11.83
1 1.71
12.09
12.20
12.68
13.00
12.86
12.63

1982

5-YEAR
TREASURY
SECUR1T1ES
13.87
13.69
13.72
13.74
13.98
14.04
14.48
14.90
14.73
14.57

LONG-TERM
TREASURY
SECURITIES
13.10
12.96
13.04
13.10
13.49
13.51
13.83
14.03
13.85
13.76

* AVERAGES OF RATES AVAILABLE.
** S£¥^P£Yr^¥fR^l£ E0R WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.15 RELEASE.
NEW ISSUE RATE

KESuK k^sau,isswscasiBiaa."E


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

computed

Br

the fei>eral reserve

BANK OF ST. LOUIS.

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

9 23

MAR

8
TOTAL CHECKABLE DEPOS I TS 1/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

billions of dollars

billions of dollars

BILLIONS
319.2
320.4
322. 1
319.2
316.7

MAY

APR

JUN

LATEST DATA PLOTTED WEEK ENDING*. JUNE 30,

MAY

1982

1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
7/1/81

9/30/81

12/2/81

5.0
5.9
9.5
6.9
6. 1
7. 1
5.7
4.4

10.0
15.6
9.9
8.3
9.4
7.1
5.3

22.9
10.3
7.7
9.3
6.3
4. 1

12/30/81

AVERAGE OF FOUR WEEKS ENDING*.

1/27/82

3/3/82

3/31/82

4/28/82

3.9
-0.5

-7.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/ 2/81
12/30/81
1/27/82
3/ 3/82
3/31/82
4/28/82
6/ 2/82
6/30/82


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

9.8
6.5
8.8
5.4
3.0

-4.2
1.8
-0.3
-2. 1

7.8
2.5
-0.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TOTAL TIME DEPOS I TS 1/
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
840

BILLIONS
Z

MAY

830

812.9
815.2
817. I
819.8
822.0
823.3

820
810
800
790
780
770
760
750
740
730
720

I 1 I I
I

1J I 1

15 29

12 26

9 23

7 21

OCT

2

16 30

NOV

13 27

JAN

10 24

10 24

7 2!

FEB
1982

LATEST DATA PLOTTED WEEK ENDING: JUNE 30,

1982

1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
7/1/81

9/30/81

12/2/81

12/30/81

1/27/82

3.6
4.6
7.2
9. 1
10.7
11.5
12.1

3.2
8. 1
1 1.0
12.8
13.6
14.0

12.6
15.0
16.5
16.5
16.6

18.3
19.2
18.5
18.2

3/3/82

3/31/82

4/28/82

18.7
18.1

16.8

TO THE AVERAGE
OF FOUR WEEKS
END 1NG:
12/ 2/81
12/30/81
1Z27/82
3/ 3/82
3/31/82
4/28/82
6/ 2/82
6/30/82

10.7
8.7
8.6
9.7
10.8
11.7
12.2
12.6


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

20.9
19.3
18.7

PREPARED BY FEDERAL RESERVE BANK OF ST.

9

LOUIS

10
SMALL TIME DEPOSITS 1/
COMMERCIAL BANK SAVINGS DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
410

TTTT TTTT

BILLIONS OF DOLLARS
410

E------- 1----------!------------1---------- —

400
390

370

=
—
=
—
-

AP R.
MA R.
MA R.
JA N.
DE C.
SE P.

360

28
31
3
27
30
30
L.
1

,1982
, 1982
, 1982
, 1982
, 1981
, 1981
, 1981

—

SMALL TIME DEPOS TS

E
E

E

E

340

E

1 982

.

MAY 26
JUN.
2

=
320

Y*

310
0

ul

111

1111

111

11 11

111

111

LATEST DATA PLOTTED WEEK ENDING-. JUNE 30,

380
370
360

1111

111-] 111

1111

111

BILL 10 NS
315:5

=

340
330

^
320

9
388.8
16
390.6
Z
23
392.5
30
394.6
— 310
11111111111L

1982

BILLIONS OF DOLLARS
—

z

BILLIONS OF DOLLARS
85

1982
180

MAT
JUK .

E
175
170

390

350

350

330

400

z

19.
23.
24.
23. 1
20.
17.
20.

TTTT

380

= COMPOUNDED ANNUAL R WES
“OF CHANGE. AVERAGE DF
- THE FOUR toEEKS END 1 4G
- JUNE 30, 1982 FROM
NG t
E FOU

K

BILLIONS

26

160.5
2 160.5
9
160.8
16
160.2
23
159.3
30
158.5

z
=
-Z
z
-

180
175
170

E
165
160
155
150
145
140
135

SAVIN GS DE POSITS

E

E

160

V.

E
- COMPOUNDED ANNUAL R \TES
= OF CHANGE. AVERAGE )F
- THE FOUR WEEKS END 1 ■JG
- JUNE 30, 1982 FROM
Z THE FOUR WEEKS END 1 vlG:
ZT^APR. 28, 1982 -3.
Z MAR. 31, 1982 -2. '
- MAR.
3, 1982
1.
~JAN. 27, 1982
1.
= DEC. 30, 1981
3.
- SEP. 30, 1981
1.
- JUL.
1, 1981
-4,
'11111111111 iJ 111...Lllll 1 11
6 20

3

MAY

JUN

17

1

15 29

JUL

12 26

AUG

23

7 21

E
155
E
150
E
145
E
E

140
135

111

1111

4

2

SEP
1981

LATEST DATA PLOTTED WEEK ENDING. JUNE 30,

18

111

16 30 13 27

DEC

JAN

111
10 24

FEB

1111

111

10 24

7 21

MAR

APR
1982

1,11

INI
16 30

JUN

1 1 1

t

14 28

JUL

1982

1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN *100,000.


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

165

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

BILLIONS

of

DOLLARS
5.0

=

J982
JUN.

MILLIONS
4.5

2

4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
I

IS 29

12 26

9 23

7 21

OCT

2

16 30

NOV

LATEST DATA PLOTTED WEEK ENDING-. JULY 7,

13 27

JAN

10 24

0

10 24

FEB

1982

BUSINESS LOANS u
(COMMERCIAL AND INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SfcASUNALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
216 ---------- 1---------- ,-------Z
—
Z
—

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
JUNE 30. 1982 FROM
THE FOUR WEEKS ENDING: -

Z
—
Z
—
-

APR.
MAR.
MAR.
JAN.
DEC.
SEP.
JUL.

28,
31,
3,
27,
30,
30,
1 ,

1982
1982
1982
1982
1981
1981
1981

BILLIONS OF DOLLARS

—------------------- n 2,6

21.3
21 .9

22.0

MILLIONS
MAY

26
209,897
211,492
211,178
209,553
211,938

I I I I
6 20

3

MAY

JUN

17

1

15 29

12 26

9 23

I I I I I I
7 21

LATEST DATA PLOTTED WEEK ENDING-. JUNE 30.

2

16 30

13 27

JAN

10 24

10 24

FEB

111.1 I I

7 21

5

APR

MAY

19

2

16 30 14 28

1982

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF $750 MILLION OR MORE


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

12
LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
BILLIONS OF DOLLARS

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
280

BILLIONS

275
270
265

250

Z45

I I I I

LATEST DATA £L0TTED WEEK ENDING-. JUNE 50,

1982

CURRENT DATAJTTEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
TME DEPOSITS ISSUED IN DENOMI NAT IONS OF 4100,000 OR MORE.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS