Full text of U.S. Financial Data : Week Ending: June 11, 1980

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5j*LS$5
F//V/lA/Cr/>!li.

£3 X\ T A

Week ending: June 11, 1980
3s5r5i!
LIBRARY The growth rates of the monetary aggregates have shown
anges over the past six months. The fluctuations in the
’"growtnrates of MIA and M1B are associated with similar
movements in the adjusted monetary base and adjusted bank
reserves. From the four weeks ending December 5, 1979 to the four
weeks ending March 4, 1980, the adjusted monetary base increased
at about a 9 percent rate and MIA grew at a 7.2 percent rate and
M1B at a 7.8 percent rate. In the most recent three-month period,
growth of the adjusted monetary base slowed to a 5.5 percent rate
and MIA declined at a 5.4 percent annual rate and M1B fell at a 4.2
percent rate.
The growth of adjusted bank reserves—a measure of the
amount of monetary base held by banks—changed even more
dramatically in the last three months. Adjusted bank reserves
slowed to a 1.7 percent rate, compared with a 7 percent rate of
growth over the previous three months. Since the growth of
adjusted bank reserves acts as a significant factor constraining the
growth of bank deposits, the recent growth rates of the MIA and
M1B components reflect this sharp decrease. For example, during
the time periods listed below, demand deposits grew at a 6.2 percent
rate and a -10.1 percent rate, respectively. Following a similar
pattern, the growth rates of total checkable deposits—the major
percent and -8.3 percent,
component of M1B—were 7.2
respectively.
Growth Rates Of Monetary And Reserve Aggregates
(seasonally adjusted, compounded annual rates of change)

Period*
12/5/79- 3/5/80
3/5/80- 6/4/80

Adjusted
monetary base

Adjusted
bank
reserves

8.9%

7.0%

5.5

1.7

MIA
7.2%
-5.4

M1B
7.8%
-4.2

* Four-week averages ending dates shown.


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

Prepared by Federal Reserve Bank of St. Louis
Released: June 13, 198C

2

ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

162 --------- ,------------,-----

----------------------------

BILLIONS
57.4

58.4
158.5
159.2
158.6

JUN.

2

APR

16 30

MAY

13

JUN

27

11

25

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

1979

APR

MAY

JUN

1980

LATEST DATA PLOTTED WEEK ENDING: JUNE II.

1980

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
C0»A€RCIAL 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 END 1NG:
6/13/79

9/12/79 11/14/79 12/12/79

1/9/80

2/13/80

3/12/80

8.7
6.3
6.8

4.1
5.5

4/9/80

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
11/14/79
12/12/79
1/ 9/80
2/13/80
3/12/80
4/ 9/80
5/14/80
6/11/80

10.3
9.8
9.9
9.2
9.4
9. 1
8.4
8.4


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

7.9
8.6
7.7
8.3
8.0
7.2
7.3

8.8
7.3
8.2
7.8
6.8
7.0

7.4
8.6
8.0
6.8
7.0

7.7
7.2
5.9
6.4

5.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

162

ADJUSTED BANK RESERVES 1/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

52

BILLIONS OF DOLLARS
---------- ---------------------- 52

--------- ,------------,------BILLIONS
47.9
47.7
48.5
47.8
48.9

4

18

2

16 30

LUll
i1
13 27 11 25

11 I 1 I I I
8 22

5

18

3

17 31

14 28

NOV

12

26

9 23

DEC

6 20

5

FEB

MAR

18

2

16 30

14

28

II

1980
LATEST DATA PLOTTED WEEK ENDING: JUNE 4,

1980

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

ADJUSTED BANK RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE
6/6/79

9/5/79

9.7
9.0
10.6
8.0
8.3
8. 1
7.5
6.6

8.9
1 1.7
7.3
7.9
7.6
6.8
5.8

11/7/79

12/5/79

AVERAGE OF FOUR WEEKS ENDING:
1/2/80

2/6/80

3/5/80

4/2/80

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
11/
12/
1/
2/
3/
4/
5/
6/

7/79
5/79
2/80
6/80
5/80
2/80
7/80
4/80


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

13. 1
5.2
6.7
6. 4
5.6
4.5

5.0
7.0
6.6
5.6
4.3

1.2
2.5
2.4
1 .5

8.5
6.0
3.9

3.7
1.7

0.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

«5

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

BILLIONS OF DOLLARS
385 -----------.------------- 1------

BILLIONS OF DOLLARS

---------------------------- 385

BILLIONS
365.3
371.2

__ APR.

369.8
371.8

JUN.

4

IS

2

16 SO

13 27

JUN

11

25

8 22

S

IS

3 17 SI

M 21 12 26

NOV

JUL

LATEST DATA PLOTTED WEEK ENDING: JUNE 4,

9 23

DEC

6 20

5 19

FEB

MAR

2 16 SO 14 29 11

25

1980

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
MIA CONSISTS OF CURRENCY ANO COIN PLUS COU«*CIALBAI* DEMAJC DEPOSITS HELD BY THE NOWAm
PUBLIC EXCLUDING THOSE HELD BY FOREION BAtKS AND OFFICIAL INSTITUTIONS.

MONEY STOCK (MIA)
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING.
6/6/79

9/5/79

11 rr/79

12/5/79

7.7
6.8
7.0
6.8
7.0
6. 1
3.5
3.7

3.7
4.8
4.8
5.4
4.3
1.2
1.7

5.2
5.2
6.0
4.4
0. 1
0.9

6.6
7.2
4.9
-0.3
0.7

1/2/80

2/6/80

3/5/80

4/2/80

6.7
3.8
-2. 1
-0.6

3.0
-4.7
-2.3

-10.2
-5.4

-6.7

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
11/
12/
1/
2/
3/
4/
5/
6/

7/79
5/79
2/80
6/80
5/80
2/80
7/80
4/80


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

PREPARED BY FEDERAL RESERVE BAI* OF ST. LOUIS

MONEY STOCK ( MlB )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

LLIONS OF DOLLARS
—---------- ----------- 405

405 ----------,------------,-----

BJ U ION$
382.9
388.6
387.2
388.3
389.9

■LLti I 1 1

J1 1 1 I I I I
4

18

APR

2 16 SO 13 27

MAY

JUN

II

25 8 22

JUL

AUG

5 IB

3 17 31

SEP

OCT

14 28

12 26

0 23

6 20

3

1979

19

2 16 30 14 28 II

25

1980

LATEST DATA PLOTTED WEEK ENDING. JUNE 4.

1980

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
M1B CONSISTS OF MIA PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITARY INSTITUTIONS.

MONEY STOCK (MIB)
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
6/6/79

9/5/79

11/7/79

12/5/79

5.9
5.6
6.4
5.0
1.3
1.7

7.3
7.8
5.7
1. 1
1.6

1/2/80

2/6/80

3/5/80

4/2/80

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
11/
12/
1/
2/
3/
4/
5/
6/

7/79
5/79
2/80
6/80
5/80
2/80
7/80
4/80

9.0
7.9
8. t
7.7
7.8
7.0
4.7
4.7


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

3.9
5.3
5.3
5.9
5.0
2. 1
2.4

6.9
4.5
-0.7
0.2

4. 1
-2.9
-1.3

-7.8
-4.2

-5.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY* **

PERCENT
21.0

PERCENT
?1.0

—

20.0

20.0

19.0
18.0

18.0

17.0

17.0

16.0

16.0

PRIME BANK
LOAN RATE

15.0
14.0

14.0

90 DAY CD'S

13.0
12.0
COMMERCIAL PAPER
I 1 .0

11.0
CORPORATE AAA BONDS
10.0

MUNICI PAL
BONOS xx

INI
APR

MAY

JUN

JUL

AUG
1979

SEP

OCT

NOV

DEC

JAN

FEB

MAR
APR
1980

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JU« 13.

1980
APR.

4
1 1
16
25
2
MAY
9
16
23
30
JUNE
6
13 X
20
27

90 DAY
CD'S

PRIME
COMMERCIAL
PAPER XXX

PRIME
BANKERS'
ACCEPTANCES

18.07
17.65
16.62
14.79
12.89
10.26
9.70
9.43
8.43
8.92
8.45

17.37
17.19
16.03
14. 19
12.31
9.92
9.32
9.06
8. 19
8.69
8. 10

17.51
17.12
16.06
14.39
12.46
10.04
9.60
9.08
8.42
8.68
8. 13

CORPORATE

MAY

JUN

1980

Aaa bonds

CORPORATE
Baa BONDS

MUNICIPAL
BONDS

12.95
12.57
11.87
11.51
11.38
10.93
10.96
11.02
10.90
10.88
10.6.1

14.75
14.56
14.11
13.86
13.68
13.20
13. 10
13.11
13.10
12.92
12.82

9.44
9.07
7.89
8.1 1
7.96
7.1 1
7.44
7.72
7.73
7.67
N. A.

* AVERAGES OF RATES AVAILABLE.
** BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONOS, THURSDAY DATA.
WWK 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
20.0 r—

PERCENT
20.0

19.0

17.0

FEDERAL FUNDS RATE
15.0

3-MONTH V
TREASURY BILL

1 1.0

5-YEAR
TREASURY SECURITIES

I

15 29

13 27

10 24

7 21

5

SEP

OCT

19

2

16 30

14

28

11

25

6 22

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JUNE 13,

FEDERAL
FUNDS Wt

1980

K

4
1 1
18
25
MAY
2
9
16
23
30
JUNE
6

fUNJ —
"4 0 0/

APR.

19.39
19.04
18.35
17.56
15. 12
12.96
10.85
10.71
9.46
10.74
9.68

3-MONTH
TREASURY
BILL
14.78
14.30
13.57
12. 18
10.47
9. 14
8.53
8. 15
7.70
7.51
6.50

6-MONTH
TREASURY
BILL Wt*
14.80
14.23
13.55
11.89
10.79
9.50
8.78
8.92
7.75
8. 17
6.94

1-YEAR
TREASURY
BILL
13.90
13.11
11.97
10.80
9.99
9.00
8.72
8.34
8.03
7.91
7.29,

1980

5-YEAR
TREASURY
SECURITIES
13.29
12.57
11.67
11.08
10.63
9.94
9.94
9.89
9.79
9.58
9.20

LONG-TERM
TREASURY
SECURITIES
12.20
11.61
10.95
10. 74
10.51
9.94
10.20
10.22
10.13
10.08
9.69

* AVERAGES OF RATES AVAILABLE.
WE SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN
_ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H 9 RELEASE
^
NfcW ISSUE RATE

SIM


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

cwruTED SY THE FEDHAL "ES£RVE •** * ST-L0UISPREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8

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

RATIO

RATIO

RATIO
MONEY MULTIPLIERS

RATIO

I 1 I 1 I 1 I I 1 1 1 1 I 1 U.
LATEST DATA PLOTTED WEEK ENDING* JUNE 4.

1980

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
114

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
JUNE 4. I960 FROM
THE FOUR WEEKS ENDING:

APR.
MAR.
FEB.
JAN.
DEC.
SEP.
JUN.

2,
5,
6.
2,
5,
5,
6,

1980
1980
1980
1980
1979
1979
1979

112

7.1
7.2
7.6
8.9
8.3
8.0
9.0

1 10

108

CURRENCY

106

104

15fifi

BILLIONS

102

100

4

18

APR

2

16 90

MAY

13 27

JUN

11

JUL

25

8 22

AUG
1979

5 19

3 17 31

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING: JUNE 4.

14 28 12 28

NOV

DEC

9 23

6 20

5 19

JAN

FEB

MAR APR
1980

2 18 30 14 28 11

MAY

25

JUN

1980

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 ( Ml A )
bill ions

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

OF DOLLARS

BILLIONS OF DOLLARS
285

285
BJLLJQNS

255.7
261.2
260. 2
261.0
259. 1

w

4 IB
APR

2 16 90 19 27 II 25 • 22
MAY
JUN
JUL
AUG
1979

5 16
SEP

3 17 31 14 26 12 26 S 23
OCT
NOV
DEC
JAN

6 20
FEB

5 19 2 16 30 14 26 II 25 °
MAR
APR
MAY
JUN
I960

LATEST DATA PLOTTED MEEK ENDING. JUNE 4. I960
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS

H.6 RELEASE.

DEMAND DEPOSIT COMPONENT OF MONEY STOCK (MIA)
COMPOUNDED ANNUAL RATES OF CHANGE
8/6/79

0/5/79

11/7/79

12/3/79

2.2
5.8
3.5
4.2
2.7
-1.4
-0.8

5.6
4.3
5.2
2.9
-2.6
-1.7

5.4
6.2
3.2
-3.4
-2.3

AVERAGE OF FOUR WEEKS ENDING:
1/2/80

2/8/80

3/5/80

4/2/80

0.7
-9.0
-6.1

-15.7
-10.1

-11.8

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
11/
12/
1/
2/
3/
4/
5/
6/

7/79
5/79
2/90
6/BO
5/BO
2/BO
7/BO
4/BO

6.5
5.8
6.2
5.7
5.9
4.7
1,5
1.7


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

4.9
1.4
-6.0
-4.2

PREPARED 8Y FEDERAL RESERVE BANK OF ST. L8UIS

9

10

SAVINGS PLUS SMALL TIME DEPOSITS

ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
----------------------------H 455

4« f~--------1------------- 1—

BILL I QMS
-

APR

446.2
447.7
448.4
450. 1

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

1979

APR

MAY

JUN

I 980

LATEST DATA PLOTTED WEEK EWING:

JU*C 4.

1980

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

SAVINGS PLUS SMALL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
6/6/79

9/5/79

11/7/79

12/5/79

9.7
9.8
9. 1
9.0
8.9
8.6
8.8
8.9

6.9
6.5
7.0
7. 1
6.9
7.4
7.7

7.5
8.0
8.0
7.4
8.0
8.3

7.0
7.3
6.8
7.6
8.0

1/2/80

2/6/80

3/5/80

8.4
7.4
8.3
8.6

6.6
8. 1
8.5

8. 1
8.7

4/2/80

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1 1/
12/
1/
2/
3/
4/
5/
6/

7/79
5/79
2/80
6/80
5/80
2/80
7/80
4/80


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

,

10.3

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
ALL MEMBER BANKS

1980

4

IS

2

IN THE NATION

BILLIONS OF DOLLARS

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
4.5 rz------- 1------------- 1-----

---------------------------- =1 4-5

MILLI QMS

16 30

13 27

JUN

II

25

8 22

5

19

3

17 31

14 28

12

26

9 23

6

20

FEB

JUL
1979

LATEST DATA PLOTTED WEEK ENDING:

JUNE II,

5

19

MAR
1980

1980

BUSINESS LOANS

( COMMERCIAL AND INDUSTRIAL)

BILLIONS OF DOLLARS

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
166

166 ---------- 1------------- 1---------- t---------- 1-----,K. — COMPOUNDED ANNUAL RATES
l64
OF CHANGE, AVERAGE OF
'
~ THE FOUR WEEKS ENDING
162 — JUNE 4, 1980 FROM
'
- THE FOUR WEEKS ENDING:
160 —
-APR. 2, 1980
-11.7
5, 1980
6, I960
-1 . A
_ JAN. 2, 1980
_ DEC. 5, 1979
5. 1979
6. 1979

164
162
160
158
156
154

152
150

148
I 46
I 44
MILLIQNS

1 42
140

APR. 30

159,073
157,970
157,545

138
136

157,205
JUN.

4

.1 l.LLLLL I 301 I 14LI 2811-lJII 25
NOV
LATEST DATA PLOTTED WEEK ENDING:


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

JUNE 4,

DEC

FEB

MAR

1S80
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

134
0

12
LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
BILLIONS OF DOLLARS

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

ILL IONS OF DOLLARS
208

BILL LQN&

206
204

202
200
198

178
176

1979
LATEST DATA PLOTTED WEEK ENDING: JUNE 4,

1980

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