Full text of U.S. Financial Data : Week Ending: July 8, 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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0/1

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Week ending: July 8, 1981
LIBRARY

if

m

A sizable shift in the major components of M1B has
taken place following the nationwide legalization of negotiable
order of withdrawal (NOW) accounts at the beginning of the
year. The most significant change in the ecnponents of M1B has
been the rapid growth of other checkable deposits, which
includes NOW accounts. Frcm December 1980 to June 1981, the
level of other checkable deposits (on a seasonally adjusted
basis) increased by about $39 billion. Corresponding to this
increase in other checkable deposits has been a decrease in
demand deposits. Over the same period, the level of demand
deposits fell by close to $30 billion.
The table below suggests that the shift fran demand
deposits into other checkable deposits has slowed markedly in
the last two months. The level of demand deposits fell by only
$5.3 billion frcm April to June. Also, this relatively small
outflow of demand deposits occurred as other checkable deposits
showed no growth. In fact, the June level of other checkable
deposits is $600 million below that of April.
Selected Deposit Measures
(billions of dollars, seasonally adjusted)

Period
12/80
1/81
2/81
3/81
4/81
5/81
6/81

Level of
demand
deposits
$ 267.4
254.4
245.8
243.5
243.1
240.7
237.8

Monthly
change in
demand
deposits

Level of Monthly change
in other
other
checkable
checkable
deposits
deposits
$

$

-13.0
- 8.6
- 2.3
- 0.4
- 2.4
- 2.9

28.1
44.3
54.3
60.2
67.3
66.9
66.7

Prepared by Federal Reserve Bank of St. Louis


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

Released: July 10, 1981

$ +
+
+
+
-

16.2
10.0
5.9
7.1
0.4
0.2

2
ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

174
BILLIONS
172

166.1
166.7
166.3
167.3
166.6
166.8

170

160
158

I I I I
2

MAY

16 30

JUN

13 27

AUG

10 24

8 22

5

19

3

17

31

14

JAN

SEP

28

II

25

11

25

8

22

6 20

3

17

FEB

1980
LATEST DATA PLOTTED WEEK ENDING: JULY 8,

1981

THE ADJUSTED MONETARY BASE CONSISTS OF: ( I ) MEMBER BANK RESERVES AT THE FEDERAL RESERVE
BANKS, (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF
COKAC&CIAL 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, AVERAGE OF FOUR WEEKS ENDING:
7/9/80

10/8/80 12/10/80

1/7/81

2/11/81

3/11/81

4/8/81

5/6/81

4.0
4.5
5.7
5.6
5.0

9,1
9.4
8.1
6.8

7.8
6.8
5.5

7.2
5.5

3.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/10/80
1/ 7/81
2/11/81
3/11/81
4/ 8/81
5/ 6/81
6/10/81
7/ 8/81

10.9
9.2
7.2
7.8
7.6
7.8
7.5
7. 1


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

6.9
4.2
5.7
5.7
6.3
6. 1
5.6

-1 .4
2.7
3.4
4.6
4.7
4.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

r

ADJUSTED BANK RESERVES is
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
50

BILLIONS

46.6
47.0
46.5

47.3
46.4

2

16 30 13 27 10 24

8 22

5 19

3

17 31

14 28

JAN

II

25

FEB

II

25

8 22

6 20

3

MAY

MAR

JUN

17

1980
LATEST DATA PLOTTED WEEK ENDING: JULY 1,

1981

1/ ADJUSTED MONETARY BASE LESS CURRENCY HELD BY THE NONBANK PUBLIC (MEMBER BANK RESERVES AT
FEDERAL RESERVE BANKS (+1 CURRENCY HELD BY COMMERCIAL BANKS).

ADJUSTED BANK RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE,
7/2/80

10/1/80

12/3/80 12/31/80

AVERAGE OF FOUR WEEKS ENDING:
2/4/81

3/4/81

4/1/81

4/29/81

7.3
5.8
6. 1
4.9

2.8
4.4
3.3

5. 1
3.5

3.8

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/ 3/80
12/31/80
2/ 4/81
3/ 4/81
4/ 1/81
4/29/81
6/ 3/81
7/ 1/81

15.6
9. 2
6. 1
6.8
6.4
6.0
6. 1
5.6


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

2.6
-0.6
1.5
1.7
1.9
2.6
2.3

-13.9
-6.6
-4.5
-3. 1
-1.3
-1 . 1

0.0
0.9
1.3
2.6
2.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK ( Ml A )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
400

BILLIONS
— MAY

364.3
362.1
361.4
361.9
361.6
361.1

2

16

30

13 27

10 24

8

22

3

LATEST DATA PLOTTED WEEK ENDING: JULY 1,

17

31

14

28

IT

25

11

25

8

22

6 20

3

17

1981

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
MIA CONSISTS OF CURRENCY AND COIN PLUS COMMERCIAL BANK DEMANO 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:
7/2/80

10/1/80

12/3/80 12/31/80

2/4/81

3/4/81

4/1/81

-1.9
-3.2
-4.8

-1.9
-4.3

4/29/81

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/ 3/80
12/31/80
2/ 4/81
3/ 4/81
4/ 1/81
4/29/81
6/ 3/81
7/ 1/81

11.7
7.2
-0.8
-2.6
-2.9
-2.5
-2.8
-3.3


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

0.2
-10.7
-11.5
-10.7
-9. 1
-8.5
-8.6

-25.8
-22.7
-19. 1
-15.4
-13.5
-13.0

-26. 1
-20. 4
-15.5
-13.3
-12.7

-10.8
-6.6
-6.2
-6.8

-7.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

V

MONEY STOCK ( MlB)
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

440
BILLIONS

435

430.8
428.3
429.0
429.0
=_ JUL

430

427.3

425
420
415

I I I I
22

5

19

3

17

31

14

28

JAN

11

25

FEB

11

25

8

22

6 20

3

17

MAR

1980
LATEST DATA PLOTTED WEEK ENDING: JULY I,

1981

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

MONEY STOCK ( MlB )
COMPOUNDED ANNUAL RATES OF CHANGE
7/2/80

10/1/80

AVERAGE OF FOUR WEEKS ENDING:

12/3/80 12/31/80

2/4/81

3/4/81

-1.0
2.8
4.6
8.5
5.3
3.7

11.2
16.2
8.8
5.8

18.5
7.9
4.4

4/1/81

4/29/81

6.7
2.6

-6.7

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/ 3/80
12/31/80
2/ 4/81
3/ 4/81
4/ 1/81
4/29/81
6/ 3/81
7/ 1/81

15.2
10.2
10.3
10.4
10.5
11.9
9.7
8.4


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

2.4
4.7
5.9
6.7
9.2
6.7
5.3

11.2
11.0
I 4.6
9.2
6.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

22.0

22.0

21 .0

21 .0
PRIME BANK
LOAN RATE

20.0
19.0

19.0
90 DAY CD'S

18.0

18.0
17.0

17.0

16.0
15.0
14.0

14.0

13.0
CORPORATE
Aaa bonds

12.0
11 .0
10.0
9.0
8.0
7.0

I I I I
3

JUN

17

31

14

NOV

JUL

28

12

26

9 23

6 20

6

FEB

DEC

MAR

20

3

0*

17

APR

1980
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JULY 10,

1981
MAY

1
8
15
22
29
5
JUNE
12
19
26
3
JULY
10 X
17
24
31

1981

90 DAY
CD'S

PRIME
COMMERC1AL
PAPER HOOK

PRIME
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUN1C1 PAL
BONDS XX

15.95
18.36
18.80
18.51
17.57
17.37
16.72
16.60
16.97
17.10
17.61

15.24
17.52
17.89
17.51
16.55
16.56
15.91
15.65
15.92
16.07
16.53

15.55
17.85
18. 18
17.89
16.73
16.77
16. 17
16. 15
16.26
16.58
17.08

14.26
14.50
14.53
14.18
14.00
13.84
13.73
13.61
13.77
14.04
14. 15

15.80
15.94
15.96
16.01
15.90
15.78
15.76
15.75
15.84
15.97
16.01

10.94
10.90
10.83
10.73
10.64
10.59
10.63
10.73
10.74
10.85
N. A.

* AVERAGES OF RATES AVAILABLE.
XX BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
XXX 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
21.0

21.0
FEDERAL FUNDS RATE

20.0

20.0

19.0

19.0

18.0

18.0

17.0

17.0

16.0

16.0
15.0

M.O

13.0

13.0

5-YEAR
TREASURY SECURITIES

12.0

12.0

1 1.0

1 1.0

DISCOUNT
RATE

10.0
9.0
8.0
3-MONTH
TREASURY BILL

30

13 27

II

25

8

22

5

7.0

19

3

17

31

14

NOV

28

12 26

9

23

I

6 20

15 29

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JULY 10,

198
1
8
15
22
29
5
JUNE
12
19
26
JULY
3
10 *
17
24
31

MAY

12 26

FEDERAL
FUNDS K*

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL mten

16.28
18.91
18.21
18.89
18.71
18.40
19.33
19. 10
19.20
18.84
19.93

14.52
16.44
16.75
16.61
15.61
15.69
14.79
14.31
14.39
14.34
14.84

14.04
15. 10
15.53
15.03
15.68
14.49
14.00
13.36
13.94
13.62
14.05

1-YEAR
TREASURY
BILL

1981

5-YEAR
TREASURY
SECUR1T1ES

13.41
14.44
14.68
14.42
13.67
13.53
13.15
13.03
13.20
13.30
13.62

I*ASEVEN-DAYFAVERAGES7FORAWEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE.
RATEsFoN1 LONG-TERM TREASURY SECURITIES ARE COMPUTED BY THE FEDERAL RESERVE

14.36
14.94
14.88
14.54
14.09
14.06
13.83
13.81
14.05
14.28
14.44

13.37
13.78
13.60
13.27
13.01
12.93
12.73
12.62
12.92
13.22
13.31

BANK OF ST. LOUIS.

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

LONG-TERM
TREASURY
SECURITIES

SHOWN.

TREASURY BILL YIELDS ON DISCOUNT BASIS.


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

10 24

DEC

0

8
MULTIPLIERS^
CURRENCY OF MONEY STOCK MEASURES v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
2.9

1981

RATIO
2.9

RATIO
MONEY MULTIPLIERS

RATIO

I I I I I I I I I I I I I I I I
LATEST DATA PLOTTED WEEK ENDING: JULY I,

1981

BILLIONS OF DOLLARS
’22 -----------1---------- ,--------

BILLIONS OF DOLLARS
------------------------------- ’22

~

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
----- THE FOUR WEEKS END ING
JULY 1, 1981 FROM
- THE FOUR WEEKS ENDING:
-----APR.
APR.
- MAR.

FEB.
- DEC.
OCT.
-

JUL.

CURRENCY

1980
1980

iiSI
MAY
JUN.

BjLLJONS

27
3

20.3
19.1

Hi I I L1.J 1111 1.1.1. Li
25

MAY

JUN

JUL

AUG

SEP
1980

OCT

NOV

DEC

JAN

FEB

MAR

8 22

APR
1981

6 20

3

MAY

JUN

17

I

JUL

LATEST DATA PLOTTED WEEK ENDING: JULY I, 1981
1/ RATIO OF MONEY STOCK (MIA) OR ( M1B ) 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 OF MONEY STOCK (MIA)
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
285

BILLIONS
_

MAY
JUN.

280

239.7
238.6
237.5
237.8
237.4
236.7

27

JUL.

275

270

250

245

240

235

2

16

30

13

27

AUG

10

24

3

8 22

17

31

14

28

II

25

II

25

8

22

6

20

SEP

LATEST DATA PLOTTED WEEK ENDING-. JULY 1,

1981

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

DEMAND DEPOSIT COMPONENT OF MONEY STOCK (MIA)
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
7/2/80

10/1/80

12/3/80 12/31/80

2/4/81

3/4/81

4/1/81

4/29/81

-7.4
-8.5
-10.0

-6.7
-9.2

-12.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/ 3/80
12/31/80
2/ 4/81
3/ 4/81
4/ 1/81
4/29/81
6/ 3/81
7/ 1/81

12.4
6. 1
-4.9
-7.4
-8.0
-7.4
-7.7
-8.3


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

-3.4
-18.0
-19.2
-18.2
-16.2
-15.4
-15.3

-36.9
-33.3
-28.9
-24.4
-21.9
-21 .0

-37.6
-30.8
-24.9
-21.8
-20.7

-18.8
-13.6
-12.6
-13.0

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
500 r-------- 1----------1--------

BILLIONS OF DOLLARS
----- --------------------Zl 500

BILLIONS
JUN.

JUL.

486.4
487.4
488.3
488.0
488.0

445

5

MAY

JUN

JUL

AUG

SEP
1980

OCT

19

3

NOV

LATEST DATA PLOTTED WEEK ENDING: JULY 1,

17 31

DEC

14

28

JAN

II

25

FEB

II

25

MAR

APR
1981

MAY

JUN

JUL

1981

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN $100,000.

SAVINGS PLUS SMALL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE
7/2/80

10/1/80

12/3/80 12/31/80

AVERAGE OF FOUR WEEKS ENDING:
2/4/81

3/4/81

4/1/81

4/29/81

4.3
3.6
4.0
4.2

4.3
4.6
4.7

3.8
4.2

5. 1

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
12/ 3/80
12/31/80
2/ 4/81
3/ 4/81
4/ 1/81
4/29/81
6/ 3/81
7/ 1/81

12.0
10.5
9.7
8.8
8.5
7.9
7.6
7.4


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

10.9
9.3
8.0
7.8
7.0
6.7
6.6

4.2
3.6
4.2
3.8
4. 1
4.2

3.9
4.7
4. 1
4.3
4.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS of DOLLARS

BILLIONS OF DOLLARS
0

1981
JUN.

MILLIONS
3
10
17
24
I
8

JUL.

1954
2207
1895
2305
1735
1868

3

MAY

AUG

JUN

17 31

14 28

JAN

SEP
1980

1 I

25

FEB

1 I

25

MAR

MAY

JUN

LATEST DATA PLOTTED WEEK ENDING: JULY 8, 1981

BUSINESS LOANS
(COMMERCIAL AND

INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
182 ----------1---------- 1------------- 1---------- —
180
178
176
174
172

182
i____ :
/
-

— COMPOUNDED ANNUAL RA TES
— OF CHANGE. AVERAGE 0
THE FOUR WEEKS END 1N G
” JULY 1, 1981 FROM
— THE FOUR WEEKS END 1N
“ APR. 29,
— APR.
1,
MAR. 4,
FEB. A,
— DEC. 31 ,
_ OCT.
1,
JUL. 2,

1981
1981
1981
1981
1980
1980
1980

178
-

26.2
22.0
15.0
8.6
6.9
11.4
12.7

176

170

7
n

-

168
-

166
-

/

174
-

172

\ AV
?

-

170
-

168
166
164

198

-

162
-

160
158
III. 111
7

a

-

164

0

A'

-

T

A/ S A"—
v—

-

s

180

21

MAY

4

18

JUN

1111
2

16 30

JUL

1 1 1

1 1 1
13 27

AUG

10 24

$£P

till
8 22

OCT

111

1 1 IX ■11..L

5

3

IS

NOV

17 31

DEC


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

-

175,800
MAY 27
JUN. 3
176,447
10
176,348
“
17
177,762
24
178,216
_
1
180,962
JUL.
11111111 ii if
1 1 1 1

1 1 1
t.lL 8 22
14 28 11 25 II 25
MAR
APR
JAN
FEB

6 20

3

MAY

JUN

17

1

15 2S

JUL

1981

1980

LATEST DATA PLOTTED WEEK ENDING

MILLIONS

JULY

1.

1981

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

162
160
158
0

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

BILLIONS OF DOLLARS

LLIONS OF DOLLARS
245

billions

240
Z

JUN.
235

230

225

220
215

210
205

200

1980
LATEST DATA PLOTTED WEEK ENDING: JULY 1,

1981

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF *100.000 OR MORE.


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