Full text of U.S. Financial Data : Week Ending: June 18, 1975
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mM Week ending: June 18r 1975 LIBRARY] JUN Q8 1979 In the past twelve months member bank deposits subject to reserve requirements (credit proxy adjusted) have increased 5.5 percent. Since early February the credit proxy adjusted has risen at a 6.2 percent annual rate, compared with a 5.2 percent rate of increase in the previous eight months. While growth rates of the credit proxy in these two periods have differed little, the composition of deposits accounting for the growth has shifted markedly. Large negotiable certificates of deposit (CDs) expanded rapidly from June 1974 to January 1975, while private demand deposits were about unchanged. Since January demand deposits have increased sharply, while large CDs have declined. Net time deposits, that is, time and savings deposits other than large CDs, have increased at a 14.6 percent rate since early February, compared with a 9.4 percent rate of increase in the previous eight months. The composition of commercial bank asset growth has also undergone a shift between the latter part of 1974 and recent months. From June of last year to November, bank loans continued to rise while investments fell. Since late last year, investments have risen, while loans have declined. Business loans at weekly reporting large commercial banks have declined at a 13.3 percent rate since early December, after increasing at a 19 percent rate in the previous six months. The monetary base has increased at about a 7 percent annual rate in the last three months, rising at essentially the same rate as in the previous nine months. In the last three months increases in the base have been accompanied by increases in the proportion of the base used to support private demand deposits. Consequently, recent growth of the base has supported more substantial growth of the money stock in this period than in the previous nine months. The money stock, consisting of demand deposits and currency in the hands of the public, has increased at a 10.3 percent rate in the last three months, after rising, on balance, at a 3 percent rate in the previous nine months. t P http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Prepared by Federal Reserve Bank of St. Louis Week ending: June 20 1975 MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS BILLIONS OF DOLLARS 118 MILLIONS I 16 1H 112 no 108 106 3 17 1 13 29 12 26 10 24 7 21 AUG 1974 4 16 2 16 30 13 27 NOV SEP II 23 8 22 3 19 3 19 FEB DEC MAR 2 16 30 14 28 11 MAY 25 JUN 1975 LATEST DATA PLOTTED WEEK ENDING: JUNE 18. 1975 THE MONETARY BASE CONSISTS OF MEMBER BANK RESERVES AT THE FEDERAL RESERVE BANKS AND CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF COMMERCIAL BANKS). ADJUSTED FOR RESERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSITS BETWEEN BANKS WHERE DIFFERENT RESERVE REQUIREMENT RATIOS APPLY. THE MAJOR SOURCES OF THE MONETARY BASE ARE FEDERAL RESERVE CREDIT AND THE GOLD STOCK. DATA ARE COMPUTED BY THIS BANK. A DETAILED DE SCRIPTION OF THE SOURCES AND USES OF THE MONETARY BASE IS AVAILABLE AS REPRINT NO. 31 FROM THE FEDERAL RESERVE BANK OF ST. LOUIS. COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING: 6/19/74 9/18/74 11/20/74 12/18/74 1/15/75 2/19/75 3/19/75 4/16/75 5.9 7. 1 4.9 6.7 10.7 6.2 8.3 3.9 7.3 6.2 TO THE AVERAGE OF FOUR WEEKS ENDING: 11/20/74 12/18/74 1/15/75 2/19/75 3/19/75 4/16/75 5/21/75 6/18/75 2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. 1 8.7 7.6 6.7 7.2 7.4 6.6 7.2 9.8 7.5 6. I 6.9 7.3 6.2 7.1 6.1 4.3 6.0 6.7 5.3 6.5 1.0 4.2 5.5 4. 1 5.7 PREPARED BY FEDERAL RESERVE BANK1 OF ST. LOUIS MULTIPLIER 1/ FEDERAL RESERVE CRED I T 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED MULTIPLIER RATIO LATEST DATA PLOTTED WEEK ENDING: JUNE 11. 1975 BILLIONS OF DOLLARS 108 r-------- ,--------------,----- BILLIONS OF DOLLARS --------- ----------- ----------- 108 COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF THE FOUR WEEKS ENDING JUNE 18. 1975 FROM THE FOUR WEEKS ENDING. APR. MAR. FEB. JAN. DEC. 1975 1975 1975 1975 1974 20.4 18.6 17.4 12.8 10.3 - -------- JUN 16, 19, 19, 15, 18, ------- 9.5 9.8 FEDERAL RESERVE CREDIT ISIS 3 17 1 15 29 12 26 10 24 7 21 4 18 AUG SEP 2 16 30 13 27 NOV 11 DEC 25 8 22 5 19 3 19 FEB MAR 2 MILLIONS 16 30 14 28 11 MAY 25 JUN 1975 LATEST DATA PLOTTED WEEK ENDING. JUNE 18. 1975 1/ RATIO OF MONEY STOCK (Mil / MONETARY BASE. 2/ INCLUDE HOLD INGS OF SECURITIES. LOANS, FLOAT AND ’’OTHER* * ASSETS. ADJUSTED FOR RESERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSIT^ BETWEEN BANKS|WH|RE^DIFFERENT RESERVE REQUIREMENT RATIOS APPLY. DATA ARE SEASONALLY ADJUSTED http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 MONEY STOCK PLUS NET TIME DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED billions of dollars billions of dollars 633.2 636.0 637.7 641.5 643.0 646.3 I IS 29 12 26 10 24 7 21 4 16 AUG 9 17 2 16 90 19 27 1125 SEP NOV 9 22 9 16 5 16 FEB DEC MAR 2 16 90 14 26 II 29 MAY JUN 1974 LATEST DATA PLOTTED WEEK ENDING. JUNE 11. 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. MONEY STOCK PLUS NET TIME DEPOSITS (M2) COMPOUNDED ANNUAL RATES OF CHANGE. 0/12/74 9/11/74 11/13/74 12/11/74 AVERAGE OF FOUR WEEKS ENDlNGj 1/8/75 2/12/75 3/12/75 11.9 10.4 12.9 8.8 12.6 4/9/75 TO THE AVERAGE OF FOUR WEEKS ENDING. 11/13/74 12/11/74 1/ 8/75 2/12/75 3/12/75 4/ 9/75 5/14/75 B/11/75 4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6.3 6.6 5.9 5.9 6.7 7.0 7. 1 8. 1 7. 1 5.6 5.7 6.9 7.3 7.4 8.8 4.8 5.2 7.2 7.7 7.8 9.5 3.7 6.8 7.5 7.6 9.6 9.4 9.6 9. 1 11.3 13.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS BILLIONS 288.0 289.0 289.9 292.3 294. I B IT | IS 29 12 26 10 2* T 21 4 16 AUG SEP 2 16 90 IS 27 II 23 NOV LATEST DATA PLOTTED WEEK ENDING. JUNE 11, 6 22 3 IS 3 19 FEB DEC MAR 2 16 90 M 26 II 23 MAY JUN 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. THE MONEY STOCK CONSISTS OF DEMAND DEPOSITS PLUS CURRENCY AND COIN HELD BY THE NONBANK PUBLIC. COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDINGr 8/12/74 9/11/74 1 1/13/74 12/11/74 1/8/75 2/12/75 3/12/75 4/9/75 TO THE AVERAGE OF FOUR WEEKS ENDING. 11/13/74 12/11/74 1/ 8/75 2/12/75 3/12/75 4/ 9/75 5/14/75 8/11/75 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3.0 4.4 3.0 1.9 3.0 3.4 3.4 4.8 6, 1 3.2 1.4 3.2 3.7 3.7 5.5 3.0 0. 1 3. 1 3.8 3.8 6.2 -5.0 0.3 1.8 2.3 5.2 3. 1 4.3 4.1 7.3 10.1 7.6 11.0 5.2 10.3 11.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT 13.5 13.0 12.5 12.0 11.5 11.0 RIME BANK PAN RATE COMMERCIAL PAPER 10.5 10.0 9.5 9.0 8.5 CORPORATE AAA BONDS 8.0 7.5 7.0 6.5 MUNICIPAL BONDS** 6.0 5.5 5.0 4.5 5 IS 3 17 31 14 28 12 2« JUN 9 29 4 18 I IS 20 13 27 10 11 JUL 7 11 7 21 4 IB FEB « 20 MAR APR 2 19 90 19 27 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. JUNE 20. 90 DAY CD'S m* 1975 APR. MAY JUNE 4 1 1 18 25 2 9 16 23 30 6 13 20 X 27 PRIME COMMERCIAL PAPER 4-6 MONTH 6.16 6.38 6.35 6.25 6. 15 6.04 5.96 5.67 5.56 5.58 5.71 5.55 6.03 6.23 6.20 6.13 6. 15 6.08 5.93 5.60 5.50 5.60 5.63 5.63 PRIME BANKERS' ACCEPTANCES 6.15 6.20 6. 1 1 6.16 6,07 6.00 5.83 5.58 5.45 5.59 5.55 5.52 1975 CORPORATE Aaa BONDS MUNICIPAL BONDS** 8.87 8.94 8.95 8.97 9.01 8.96 8.88 8.85 8.90 8.85 8.76 8.72 6.93 7.03 6.86 6.97 6.95 6.86 6.88 7.09 7.09 7.05 6.80 N.A. m averages of rates available „ *8* BOND BUYER'S AVERAGE INDEX . OF 20 MUNICIPAL BONDS, THURSDAY DATA. „„ SEVEN-DAY AVERAGES OF SECONDARY MARKET RATES FOft THE WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATES SHOWN. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE. 6 N.A. - NOT AVAILABLE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0 SELECTED SHORT-TERM INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT 14.0 13.5 13.0 12.5 FEDERAL FUNDS RATE 12.0 11.5 11.0 10.5 10.0 9.5 9.0 8.5 DISCOUNT RATE 8.0 7.5 7.0 THREEINTH TRI BILL MARKET Yl 6.5 - 5.3 -3 5.0 4.5* 5 IS 3 IT 91 14 28 12 28 8 23 6 20 4 18 t 15 28 13 <7 10 24 1974 T 21 FEB T 21 4 19 MAR APR 1975 2 16 30 13 27 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. JUNE 20. 1975 APR. 4 1 1 18 25 MAY 2 9 16 23 30 JUNE 6 13 20 X 27 1975 FEDERAL FUNDS MX 3-MONTH TREASURY BILLS 1-YEAR TREASURY BILL 3-5 YEAR GOVERNMENT SECURITIES LONG-TERM GOVERNMENT SECURITIES 5.59 5.28 5.44 5.54 5.71 5.42 5.20 5.13 5.14 5.24 5. 15 5.31 5.62 5.74 5.44 5.66 5.51 5.41 5.04 5. 16 5.23 5.23 5.00 5.09 6.20 6.48 6.30 6.49 6.36 6. 13 5.81 5.74 5.80 5.77 5.50 5.60 7.47 7.74 7.75 7.90 7,87 7.64 7.45 7.34 7.38 7.29 7.05 7.05 6.88 7.05 7.03 7.08 7.09 6.98 6.94 6.98 7.03 6.96 6.81 6.82 * AVERAGES OF RATES AVAILABLE. Wf SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 NET TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 360 BILLIONS 355 345.1 347.0 347.8 349.5 350.7 352.2 350 345 340 335 330 325 320 315 310 5 17 I IS 29 12 26 10 24 7 21 AUG 1974 4 16 2 16 30 IS 27 SEP NOV LATEST DATA PLOTTED WEEK ENDING: JUNE 11. II 25 6 22 S 19 5 19 FEB DEC MAR 1975 2 1« 30 14 28 II MAY 25 JUN 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. * NET TIME DEPOSITS ARE DEFINED AS: SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT PLUS TIME CERTIFICATES OF DEPOSIT OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF *100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS. NET TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 6/12/74 9/11/74 11/13/74 12/11/74 1/8/75 2/12/75 3/12/73 13.7 12.8 14.6 12.0 14.7 4/9/75 TO THE AVERAGE OF FOUR WEEKS ENDING. 11/13/74 12/11/74 1/ 8/75 2/12/75 3/12/75 4/ 9/75 5/14/75 6/11/75 8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9.2 8.6 8.5 9.4 9.9 10.2 10.3 11.1 8. 1 7.9 9.6 10.3 10.7 10.7 1 1.8 6.3 9.8 10.8 1 1.3 11.2 12.5 1 1 .8 12.6 12.7 12.4 13.7 15.0 14.4 13.5 14.8 15.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS DEMAND DEPOSIT COMPONENT OF MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 1975 BILLIONS OF DOLLARS BILLIONS 218.2 218.8 219.4 225 221.2 — JUN 5 17 221.7 223.0 1 15 28 12 26 10 24 7 21 4 16 AUG SEP 2 l« 30 15 27 II 25 NOV LATEST DATA PLOTTED WEEK ENDING: JUNE 11. 3 22 5 19 5 19 FEB DEC MAR 1975 2 16 50 14 28 II 23 MAY JUN 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. COMPOUNDED ANNUAL RATES OF CHANGE, 6/12/74 9/11/74 11/13/74 12/11/74 AVERAGE OF FOUR WEEKS ENDING. 1/8/75 2/12/75 3/12/75 9.5 7. 1 11.0 4.6 10.4 4/9/75 TO THE AVERAGE OF FOUR WEEKS ENDING: 11/13/74 12/11/74 1/ 8/75 2/12/75 3/12/75 4/ 9/75 5/14/75 6/11/75 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.2 2.8 1.1 -0.2 1 . 1 1.5 1.7 3.3 4.2 0.9 -1.2 0.8 1.5 1.8 3.9 0.9 -2.6 0.9 1.9 2. 1 4.9 -8.5 -2.4 -0.4 0.4 3.8 0.8 2.4 2.7 6.4 12.3 PREPARED BY FEDERAL RESERvr BANK Or ST. LOUIS 9 CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS WEDNESDAY FIGURES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS 3 17 I 15 29 12 26 10 24 7 21 4 18 2 16 30 13 27 II 25 NOV DEC 6 22 BILLIONS OF DOLLARS ----------- 1-------------------- n 98 5 19 5 10 2 16 30 14 28 11 MAY 1974 25 JUN 1975 LATEST DATA PLOTTED WEEK ENOINGj JUNE 11, 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. ££iS.TiAibiJil^C^JJ£i£^T?S OF DEPOSIT ISSUED IN DENOMINATIONS OF #100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1975 APR. 2 9 16 23 30 MAY 7 14 21 28 JUNE 4 1 1 18 25 CERTIFICATES OF DEPOSIT NOT SEAS. ADJ. CERTIFICATES OF DEPOSIT SEAS. ADJ. 88. I 87.0 85.9 85. 1 84.6 84.0 84.3 84.5 83.9 83. 1 82.7 90.2 89.4 88.6 87.9 87.2 86.4 86.3 85.9 84.4 83.9 83.9 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS BORROWINGS FROM FEDERAL RESERVE BANKS ALL MEMBER BANKS IN THE NATION AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS BILLIONS liZl MAY of dollars MILLIONS 14 5 0.5 3 IT 1 13 29 12 26 10 24 7 21 4 AUG 1974 16 2 16 30 13 27 11 23 6 22 LATEST DATA PLOTTED WEEK ENDING. JUNE 18, 5 IS 3 IS FEB SEP MAR 1975 2 16 30 14 26 11 23 MAY JUN 1975 BUSINESS LOANS BILLIONS OF DOLLARS C COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED BILLIONS OF DOLLARS 138 — COMPOUNDED ANNUAL RATES — OF CHANGE. AVERAGE OF _ THE FOUR WEEKS ENDING JUNE 11, 1975 FROM — THE FOUR WEEKS ENDING. FEB. 1975 1975 134 132 -15.4 1974 12 136 -13.3 -15.0 -15. 1 DEC. 1 ~ SEP. 11 130 -5.4 128 126 124 122 120 118 116 114 112 3 17 1 13 29 12 26 10 24 7 21 AUG 2 16 30 13 27 SEP NOV 1974 LATEST DATA PLOTTED WEEK ENDING, http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis JUNE 11, 11 DEC 23 6 22 5 19 3 19 FEB MAR 1975 2 10 30 14 20 11 MAY 25 JUN 1975 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MEMBER BANK DEPOSITS SUBJECT TO RESERVE REQUIREMENTS (CREDIT PROXY ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 530 rz--------r------1------ COMPOUNDED ANNUAL RATES OF CHANGE, - AVERAGE OF THE FOUR WEEKS ENDING t JUNE II. 1975 FROM THE FOUR — jure ii, I 31 -J =. WEEKS ENDING* - BILLIONS OF DOLLARS ; ;/v -- ---------------------------- :□ 330 CREDIT CREDIT ■fSQXY E Z Z Z - PROXY AfiagffiTEB FEB. JAN. DEC. SEP JUN. CREDIT PROXY ADJUSTED 1/ CREDIT PROXY CRED I T CREDIT PROXY fMXY flMJSTEP. 494.8 495.0 501.4 I 13 2S 12 26 10 24 7 21 4 IB 2 16 90 13 27 II 25 NOV DEC 1974 22 5 10 5 10 499.5 502.6 502.9 505.5 506.9 2 16 SO 14 » II 25 1975 LATEST DATA PLOTTED WEEK ENDING: JUNE 11, 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE. 1/ INCLUDES MEMBER BANK DEPOSITS. BANK-RELATED COMMERCIAL PAPER. EURODOLLAR BORROWINGS OF U.S. BANKS, AND CERTAIN OTHER NONDEPOSIT SOURCES. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS