Full text of U.S. Financial Data : Week Ending: June 11, 1969
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research library rodtti-iTl RPV'V'VS SanK of St. Loins s FinnnciflL Week ending: June 11r 1969 Market interest rates have continued to rise, and the bank rate to prime business custom ers was raised June 9, reaching another new high, 8-1/2 per cent (pages 8 and 9). Rates on 4- to 6-month commercial paper have moved continuously upward since last August, averaging 8.17 per cent in the three days ending June 11. Most other rates have also moved upward since last August, though the rise in many rates was interrupted early this spring. Rates on three-month Treasury bills, long-term Government bonds, and highest grade corporate bonds declined early this spring, but have increased since mid-May. The three-month bill rate averaged 6.58 per cent during the first half of this week, up from 5.93 per cent in early May. Yields on long-term Government bonds rose from 5.77 per cent to 6.08 per cent in the same period, while yields on corporate Aaa bonds went from 6.80 per cent to 6.93 per cent. The demand for loan funds has apparently continued to rise at a rapid rate as inflationary pressures have intensified, while one important source of credit, growth in monetary aggregates, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis dhtr has slowed. The monetary base has risen at a 5.5 per cent rate in the last six months, compared with 6.5 per cent in the previous year (page 2). Due to a large jump in May, the recent rate is still high, even though the growth of the base decelerated during the first four months of the year. Total member bank reserves have increased at a 3.4 per cent annual rate in the last six months and reserves available for private demand deposits have risen at a 1.8 per cent rate since late November (page 5). By comparison these aggregates rose 7.5 per cent and 6.4 per cent, respectively, in the previous year. The money stock, consisting of currency and private demand deposits, averaged $195.7 billion in the four weeks ending June 11, up at a 3.5 per cent rate in the last six months (page 5). Money increased 6.5 per cent last year. The demand deposit component of money has grown at a 3 per cent rate in the last six months, compared with 6.2 per cent in 1968 (page 4). Rates of change reported In this release are intended to serve as summaries which may be useful in analyzing recent developments. Prepared by Federal Reserve Bank of St. Louis Released: June 13,1969 2 MONETARY BASE 1L FEDERAL RESERVE CREDIT-^ Averages of Daily Figures Billions of Dollars Billions of Dollars rrrrn i r Seasonally adjusted by this baqk. ------Annual rates of change, average of four weeks ----- ending June 11, 1969 from four weeks ending: Monetary Base F.R. Credit JMarch 12, 1969 •Dec. 11, 1968 June 12, 1968 1957-1968 Faderal Reserve Credit Mone tary 76. ------1/ Uses of the monetary base are member bank reserves and currency held by the public and nonmember banks, adjusted for reserve requirement changes and shifts in deposits. ___ For a description of the base see the August ___ 1968 Review of this bank. 2/ Defined to include holdings of securities, loans, float, and "other" assets, adjusted for reserve requirement changes and changes in requirements due to shifts in deposits among classes of banks. "Latest data preliminary ' Latest data plotted week ending ^tme 11, 1969 10 24 7 21 Feb. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 20 Mar. 3 17 Apr. 1 15 29 May 12 26 10 24 June July 1968 7 21 Aug. 4 18 Sept. 2 16 30 13 27 11 25 Oct. Nov. Dec. 8 22 Jan. 5 19 Feb. 5 19 r. 2 16 30 Apr. 1969 14 28 11 25 May June Prepared by Federal Reserve Bank of St. Louis 9 23 July Billions of Dollars nual rates of change, average of four weeks ending June 11, 1969 from four weeks ending: 28.5 March Dec.Sept. June 12, 11, 11, 12, 3 RESETS rn^ir All Member Bonivin the Nation Averages of Daily Figures n 1969 1968 1968 1968 Total Reserves -/.Si. -/j. y -yy. 7 y-C'3 Reserves Available For Private Demand Deposits Billions of Dollars TOTAL RESERVES Seasonal adjustment computed by this bank using data ending December 1967 Unadjusted data appear in the Board's H.4.1. release. AS*. <27.VJ O. 4.7.JV n A7./f u. H.-1S i At.?? o}J AAJS7 40 »Vf i irrr /V a 7.40 ■pi eW 47// \i*4 4 -57.3<fc 1957-1968 28.0 M TOTAL 27.0 19.0 In order to maintain comparability, figures since April 17 are pn an "effective basis, that is, reduced about $650 million due to change in reserve requirements. 26.0 RESERVES AVAILABL E FOR PRIVATE DEMAND DEPOSITS RESERVES AVAILABLE FOR PRIVATE DEMAND DEPOSITS /7- 'Btfl ’ f- Aflfl. ~ j /*. n 2-l. n. ? /y n.i? ;7.?7 n n-ki nH /7H n.*i 30/7.73 7 16.6 Latest data preliminary Latest data plotted week ending: June 11, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 20 Mar. an it n-M. «a' /?4* 4* n.JA i /f-o$ II n-97V 11 25 June 12 26 10 24 June Julv 1968 Frepared by Federal Reserve Bank of St. Louis 4 DEMAND DEPOSIT COMPONENT OF MONEY STOCK* Averages of Daily Figures Seasonally Ad us ted Billions • i Do LI rs ■LI 1 1 l-L.i -LL-LX-L.Lx-I-l.J_LL -Annual rates of change, average of -four weeks ending June 4, 1969 ifroa four weeks ending: ■*50. / -L “ Latest data preliminary _ Latest data plotted week ending: 10 24 7 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 21 6 20 3 17 1 15 * Current data appear in the Board'p H.6 release. Back data appear in the June 1968 Federal Reserve Bulletin. For trend of demand deposits by months see this bank's monthly release entitled "Monetary Trends". June 4, 1969 29 12 26 10 24 June July 1968 /50.8 7 21 4 IS 2 16 30 13 27 11 25 8 22 5 19 5 19 2 16 30 14 1969 Prepared by Federal Reserve Bank of St. Louis 28 11 25 June 9 23 July eAtock ll 11ions MONEI _ MONEY STOCK LLPLUS U.S GOVERNMENT DEMAND DEPOSITS 12 JOVE Averages of Daily Figures Seasonally Adjusted if Dollars 210 209 208 Billions of 210 209 Annual rates of change, average of four weeks ending June 4, 1969 from four weeks ending: 207 Money Stock ■/-J.S' 206 208 207 Money Stock Plus U.S. Gov11. Deposits 206 204 1969 1968 Sept .4, 1968 /J. ? June 5, 1968 8-9 8 205 1957-1968 205 202 204 203 203 202 200 201 xo/.o Money Stock plus U.S. Government Demand Deposits 201 200 199 199 ^.98 198 197 197 196 196 /7f.o 195 195 Money Stock 194 194 193 193 192 192 191 190 189 188 187 ^186 ^185 1/ Current data on money appear in the Board's H.6 release. Back data appear in the June 1968 Federal Reserve Bulletin. For trend of money stock by months see this bank's monthly release entitled "Monetary Trends”. 2/ U.S. Government demand deposits, all ccmmercial banks, seasonally adjusted by this bank. 184 183 182 181 180 Money Stock plus_ Money U. Si Government 1969 1 Stock Demand Deposits ' /fr.i WV Vix.8 12 112. 8 3.00. Su 20l.i H. 118 3 118.0 2b 181.3 tons' ip. 3 US I is 193■ G 193 ■£ n (91.0 /fS-O xb n9G /88-1 fain. 3 19S',3~ 113-8 20.3.1 /?7.8 aoj.j Jft-Y 188 t Jo/, 193* 18 f. 3.60.2 111-.° 302.8 IIS'./ 3.03-8 2.03.8 s Ifs’.o Xo/.o .0 24 Jan. 7 21 Feb. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 20 Mar. 1 1529 May 12 2610 24 June July 1968 190 189 188 187 186 185 184 183 182 ns. 181 180 Latest data preliminary Latest data plotted week ending: ^tme 4, 1969 0' 191 ' 7 21 Aug. 4 18 Sept 30 13 27 11 25 Jan. 19 Mar. 2 16 30 Prepared by Federal Reserve Bank of St. Louis June 0 TIME DEPOSITS* All commercial oariKS Averages of Daily Figures Seasona lly Ad Billions of Dollars 6 Billions of Dollars Annual rates of change, average of four weeks ending June 4, 1969 from four weeks ending: Mar. 5, 1969 - /. g Dec. 4, 1968 - 2- / June 5, 1968 -/ S' 1957-1968 «Me. 2 2.00.0 Latest data preliminary Latest data plotted week ending: 10 24 Jan. 7 21 6 20 Feb. Mar. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 17 Apr. 1 15 May * Current data appear in the Board's H.6 release. Back data appear in the June 1968 Federal Reserve Bulletin For trend of time deposits by months see this bank's monthly release entitled "Monetary Trends". June 4, 1969 29 12 26 10 24 June July 1968 7 21 Aug. 4 18 2 Sept. 16 30 13 27 11 25 Dec. 8 22 Jan. 5 19 19 r. 2 16 30 Apr. 1969 14 28 11 25 May June Prepared by Federal Reserve Bank of St. Louis 9 23 July MONEY STOCK PLj^TIME DEPOSITS* Averages of WTi ly F ig u res -Billio 420 4X8 416 414 412 410 of Dollars 7 Seasonally Adjusted Billions of: Dol 420 Annual rate of change, average of four weeks ending June 4, 1969 from four weeks ending: Mar. 5, 1969 -f-o. g Dec. 4, 1968 3 O. S' Sept.4, 1968 3. 9 June 5. I960 y. -j 412 1957-1968 410 418 416 414 408 408 406 406 404 404 402 402 400 400 398 • 398 96 396 94 394 392 392 390 390 388 388 386 386 /?<*9 384 39U.3 384 399. I 382 33 7.3 39S.A 382 39 3. 7 380 380 394.A3 93-.3 378 393.8 3 9V.6 374 J72 368 366 366 364 r 374 370 368 360 376 372 ^Po 362 378 317.0 376 364 * Current data appear in the Board's H.6 release. Back data appear in the June 1968 Federal Reserve Bulletin. For trend of money stock plus time deposits by months see this bank's monthly release entitled "Monetary Trends" Latest data preliminary Latest data plotted week ending: dune 4, 1969 10 24 Jan. 7 21 6 20 Feb. Mar. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 17 1 Apr. 15 29 12 26 May June 10 24 July 1968 4 18 2 Sept. 16 30 13 27 11 25 Oct. Nov. Dec. 8 22 Jan. 5 19 Feb. 2 16 Apr. 30 14 28 11 25 May June 1969 Prepared by Federal Reserve Bank of St. Louis 9 362 360 23 July ' 0 CERTIFICATES OF DEPOSIT U_ Large Commercial Banks Wednesday Figures Billions of Dollars s Billions of Dollars t Annual rates of change, data not seasonally adjusted, average of four weeks ending June 4 ■1969 from four weeks ending: Mar. 5, 1969 -4.0.0 Dec. 4, 1968 — STS Sept.4, 1968 June 5, 1968 Millions of Dollars _1964-1968 /d., 9 72 Current and year ago data appear in the Board's H.4.2. release. Xf Negotiable time certificates of deposit in denominations of $100,000 or more. Latest data preliminary Latest data plotted: MIL 10 24 J an. 7 i i i i i i r 20 21 6 Feb. Mar. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 17 1 15 29 12 26 June 10 24 July 7 21 Aug. 4 18 2 Sept. 16 Nov. Dec. Mar. Prepared by Federal Reserve Bank of St. Louis June BUSINESSMANS Large Comm|Aial Banks Billi 0 Wednesday Figures 3 of Dollars Billions of Dollars Seasonally ad justed by thisbank 84 82 Annual rate of change, average of four weeks ending June 4, 1969 from four weeks ending: Mar. 5, 1969 + /3.3 I—‘—("Dec. 4, 1968 +-U.I -h / S'- U Sept.4, 1968 June 6, 1968 84 82 1960-1968 80 80 78 T7 76 * 7 /? f 78 76 74 millions of dollars SEASONALLY 72 UNADJUSTED 73,18% 73, fSP 73,83/ 73, 3/6 741 816 70 73. >" 68 7334/ 73.3?3 737817 7 7 Y, 3810 73,6 76 7<3? 7 77la^j J 66 73*33 7 76.S68 ,Y/n3- t 767LV 74 7£, G3L 74, 9810 P 62 72 78 933 7i,jy; 73,333 73, 99 0 7 3 373 70 7?, 06 6 7¥ Zye> 7936? 68 7Y,3f3- 7Yj3 ? 7? 817 73*0'? 7-8TJ* 7 7< 80X 7^//9 7t,,/Y7 74, Sf8 66 64 7666/ 7& 7 7,63d . 77,387 P 62 Latest data preliminary Latest data plotted: o ; ADJUSTED 10 24 Jan. 7 21 Feb. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis June 4, 1969 1 Mar. Current and year ago unadjusted data appear in the Board's H.4.2 release. Seasonal adjustment computed by this bank using 1963 through 1968 data 15 29 May 12 26 10 74 June July 1968 7 21 Aug. Sept. 16 30 13 27 Oct. Nov. 11 25 Dec. 8 22 Jan. 2 Mar. If 30 Apr. 1969 14 28 11 25 May June Prepared by Federal Reserve Bank of St. Louis '0 9 23 July 10 Per Cent 9.50 YIELDS ON SELECTED SECURITIES Averages of Daily Rates Ended Friday Per Cent 1 I I I II I I II I I I I 11 I 1 I I I l4J-UXm 3-Month 3-5 Year O •/ 7 9.00 Long-Term J-. 7 7 Corporate Aaa 0 ■S’c 79 cT. 7a U- ■*-/ O. 30 0.3? 0>. 50 O.S? S. 77 0.75 7/ 0. // O. fJ O . 9c O, . o9 o.c 8 0■ u *7 L. 93 8.00 Corporate Aaa Bonds Prime Commercial Loan Rate &.5F Three-Month Treasury Bill Market Yield 6.50 0.0 g 6.00 Long-Term Government Bonds Discount Rate 5.00 4.00 Latest data plotted are averages of rates available for the week ending. June 13, 1969 Ian!6 9Fe” Vr! Ap!! ^ ^un! ' Aug! 'sept. * £. ' Nov!' 'dan! ' Feb! Vr! May 1968 *AVER^^B of http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RATES AVAILABLE Prepared by Federal Reserve Bank of St. Louis dune SELECTED SHORT-«BM INTEREST RATES Averages of Daily^ites Ended Friday Per Cent 9.50 Per Cent U I l-U-t 1-1 Prime Commercial ~ Prime Paper 4-6 -Month ^Acceptances 9.00 90 Day CBJS - Federal 7- 7S 7-30 7 ./3 7. OO 7.JO 8.00 Federal Funds Rate -j-fH|«).t i t r. /o 7. So 7. C,f Commercial Paper 4-to-6 Month Accept ances 6.50 - 6.50 6.00 Discount Rate 5.00 5.00 Latest data plotted are averages of rates available for the week ending: 12 26 23 8 22 Mar. 5 19 3 17 31 14 28 12 June 1968 * AVERAGES OF RATES AVAILABIE ** http://fraser.stlouisfed.org SOURCE: SALOMON BROTHERS AND HUTZIER SECONDARY MARKET RATE ON 90-DAY PRIME CD'S Federal Reserve Bank of St. Louis 26 9 23 6 20 4 Sept. 18 1 June 13, 1969 15 29 13 27 10 24 7 21 7 21 Mar. 4 18 2 16 30 1969 Prepared by Federal Reserve Bank of St. Louis 13 27 June 11 25 July BORROWINGS AND EXCESS RESERV Millions of Dollars Millions of Dollars 1,600 Averages of Daily Figures 1,600 EXCESS ~ RESERVES BORROWINGS BIWEEKLY SETT IE ME NT IERI0DS FREE RESERVES WEEKLY DATA ~ : WEEKLY v RESERVE PERIODS 1,400 - JV3 1,300 Borrowings 1,100 1,000 3&H Excess Reserves ----- Net Free Reserves 1,000 1,100 JL/ Because of the change in Regulation D placing all member banks on a one-week reserve adjustment period, beginning with the week ending September 18, 1968 the above reserve data are reported,on a one-week period. 1,200 1,300 1,400 _Latest data preliminary _ Latest data plotted week ending: June 11, 1969 I 1,500 10 24 J an. 7 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 21 6 20 Mar. 3 17 1 15 [ay M i i i.J. 29 12 25 10 24 July J une 1968 7 21 Aug. 4 18 Sept. 2 16 30 13 27 11 25 Oct. Nov. Dec. 8 22 Jan. 5 19 Feb. 5 19 Mar. 1,200 2 16 30 Apr. 1969 14 28 May Prepared by Federal Reserve Bank of St. Louis 11 25 June 9 23 July