Full text of U.S. Financial Data : Week Ending: June 21, 1972

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Week ending: June 21, 1972
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library

JUN 0 5 1979

The nation's money stock, defined as private demand
deposits plus currency in the hands of the public, has risen at
a 7.3 percent annual rate in the past six months, but over the
past year this aggregate has increased at a 5 percent rate.
For comparison, money grew at a trend rate of 5.9 percent from
late 1966 to late 1971. The demand deposit component of money
has risen at a 7 percent rate in the past six months, somewhat
slower than the 9 percent rate of increase in the currency
component.
The influx of savings funds into financial interme­
diaries has continued at a rapid pace so far in 1972, following
the rapid inflows during the previous two years. Net time
deposits at commercial banks (total time deposits minus large
certificates of deposit) have expanded at a 14 percent annual
rate in the past five months, about the same rate as in the
previous 22 months. For comparison, the trend growth rate of
net time deposits from 1964 to 1971 was 11 percent.
Large certificates of deposit at large commercial banks
(CDs) have increased rapidly since March, after no change from
December to March. Large CDs averaged $37.3 billion in the latest
week, up from $33.4 billion in March.
The interest rate differen­
tial between large CDs and other short-term instruments has in­
creased since March. For example, yields on secondary 90-day
CDs averaged 4.61 percent in the latest week, about 70 basis points
above yields on 3-month Treasury bills.
For comparison, this
differential averaged only 26 basis points last March.


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

Deposits at nonbank thrift institutions, which includes
funds at saving and loan associations and mutual savings banks,
have risen at a 19 percent annual rate from December to May, com­
pared with a 13.4 percent rate in the previous 22 months.
In
contrast, these deposits increased at a 7.6 percent trend rate
from 1964 to 1971.

Prepared by Federal Reserve Bank of St. Louis
Released: June 23, 1972

r

2

MONETARY BASE v
MULTIPLIER 2/

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
94

_

COMPOUNDED ANNUAL RATES
OF CHANCE, AVERAGE OF
THE FOUR WEEKS ENDING
----- JU*« 21. 1972 FROM
THE FOUR WEEKS ENDING.

-

APR.
MAR.
FEB.
— JAN.
DEC.
_
NOV.
JUN.

19,
22,
23,
19,
22,
24,
23,

1972
1972
1972
1972
1971
1971
197!

92
MONETARY BASE

4.9
8.9
9.0

90

8.5”
9.0
8.3
7.0

88

86

SIZ

MILLIONS

84

LATEST DATA PLOTTED WEEK ENDING. JUNE 21,

1972
RATIO
2.9

RATIO

2.8
MULTIPLIER
2.7

2.6

2.5

12Z1

BAILS.
2.4

5 19

2 16 30 14 28 11 25 8 22
JUL
AUG
1971

6 20
OCT

3 17
NOV

LATEST DATA PLOTTED WEEK ENDING. JUNE 14,

1

13 29 12 26 9 25
JAN
FEB

8 22

5 19

3 17 31

14 28 12 26

1972
1972

1/ USES OF MONETARY BASE ARE MEMBER BANK RESERVES AND CURRENCY HELD BY THE POOL 1C AND NOMCMBER
BANKS, ADJUSTED FOR RESERVE REQUIREMENT CHANGES AND SHIFTS IN DEPOSITS. FOR A DESCRIPTION
OF THE BASE SEE THE AUGUST 1968 ''REVIEW'1 OF THIS BANK.
2/ RATIO OF MONEY STOCK (Ml ) / MONETARY BASE.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

RESERVES AVAILABLE TO SUPPORT
PRIVATE NONBANK DEPOS I TS 1/

3

ALL MEMBER BANKS

FEDERAL RESERVE CREDIT*/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
31.0 ----------- 1-------------- 1—

61LLIONS OF DOLLARS
------------------ ----------- 31.0

COMPOUNDED ANNUAL RATES
OF CHANCE, AVERAGE OF _
THE FOUR WEEKS ENDING
JUNE 21. 1972 FROM

FEB.

23,

1972
RESERVES

28.5

28.0

312

BULLIONS

27.5

27.0
i_l.l I I

82
-

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
___THE FOUR WEEKS ENDING
JUNE 21, 1972 FROM
THE FOUR WEEKS ENDING:
APR.
— MAR.
FEB.
JAN.
NOV.

19,
22,
23
19

1972
1972
-------1972

7.4
11.8
-

80
FEDERAL RESERVE CREDIT

_

78

24
76

74

1312.

MILLIONS
7
4

72

79
79
70

5 IB

2 16 30 14 Z« 11 23

I 22

6 20

5 IT

LATEST DATA PLOTTED WEEK ENDING. JUNE 21,

J I I I I I
1

IS 2B 12 20 9 25
JAN
FEB

• 22

5 19

3 17 31

14 28 12 26

1972

1/ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.9 RELEASE.
2/ DEFINED TO INCLUDE HOLDINGS OF SECURITIES, LOANS, FLOAT AND ••OTHER** ASSETS ADJUSTED FOR
CLaIseI OF°BANK^NT CHANCES *** CHANC6S IN REQUIREMENTS DUE TO SHIFTS IN DEP6siTS AMONG^


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

DEMAND DEPOSIT COMPONENT OF MONEY STOCK
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILLIONS

180. 1
180.5
182.0

3 19

2 16 30 H 28 11 23

8 22

6 20

1

3 17

13 29 12 28 9
JAN
FEB

1971

t 22

5 19

3 tr 31

14 28 12 28

1972

LATEST DATA PLOTTED WEEK ENDING. JUNE 14,

1972

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

COMPOUNDED ANNUAL RATES OF CHANGE ,
6/16/71

10/13/71

11/17/71

12/15/71

AVERAGE OF FOUR WEEKS ENOINGt

1/12/72

2/16/72

3/15/72

4/12/72

12.1
11.4
9.1
8. 1

12.3
8.9
7.6

6.3
5.5

3.6

TO THE AVERAGE
OF FOUR KK:EKS
ENDING.
11/17/71
12/15/71
1/12/72
2/16/72
3/15/72
4/12/72
5/17/72
6/14/72


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

2.2
1.8
1.7
2.8
4.0
4.5
4.4
4.4

0.0
0.2
2.8
4.9
5.7
5.3
5. 1

0.4
3.9
6.4
7.1
6.4
6.0

5.7
8.5
8.8
7.6
7.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

234.5
236.8
235.0
236.5
236.6

9 19

2 16 90 14 21 11 29

« 22

6 20

3 IT

OCT

NOV

LATEST DATA PLOTTED KEEK END INC. JUNE 14,

1

19 26 12 26

JAN

• 29

« 22

9 16

3 1 r 3!

!4 M If M

FEB

1972

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' M.B RELEASE.

COMPOUNDED ANNUAL RATES OF CHANGE ,
6/16/71

10/13/71

11/17/71

12/15/71

AVERAGE OF FOUR WEEKS END INC:

1/12/72

2/16/72

3/15/72

4/12/72

11.1
10.9
9.1
8.3

12.5
9.4
8.2

7.2
6.3

4.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
11/17/71
12/15/71
1/12/72
2/16/72
3/13/72
4/12/72
5/17/72
6/14/72


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

3.0
2.7
2.6
3.5
4.5
5. 1
5.0
5.0

1.0
1.4
3.3
5.3
6. 1
5.8
5.7

1.7
4.3
6.6
7.3
6.8
6.5

5.7
8.3
8.8
7.8
7.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TIME DEPOSITS

ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

290

280
TOTAL TIME DEPOSITS

270

260

250

240
NET TIME DEPOSITS *
250

=

220

= 210

3 IS

I

2 16 30 14 26
OCT

13 IS 12 Z«

JAN

NOV

•

* ZZ

St*

S IT St

it H II H

FEB

1971

1972

LATEST DATA PLOTTED WEFK END INC. JUNE 14,

1972

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
* NET TIME DEPOSITS ARE DEFINED AS. SAVINGS DEPOSITS, Til* DEPOSITS OPEN ACCOUNT PLUS TIME
CERTIFICATES OF DEPOSIT OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN
DENOMINATIONS OF 6100,000 OR MORE BY LARGE WEEKLY REPORTING COkWERCIAL BANKS.

NET TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
6/16/71

10/13/71

11/17/71

12/15/71

8.4
9.7
11.6
12.6
13. 1
12.5
12.4
12.6

15.5
18.2
18.4
18.3
16.4
15.6
15.6

20.7
20.0
19.5
16.9
15.8
15.7

21.4
20.3
16.9
15.7
15.6

AVERAGE OF FOUR WEEKS ENDING.

1/12/72

2/16/72

3/15/72

12. 1
1 1.9
12.6

9.3
11.0

4/12/72

TO THE AVERAGE
OF FOUR WEEKS
ENDING.
11/17/71
12/15/71
1/12/72
2/16/72
3/15/72
4/12/72
5/17/72
6/14/72


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

18.4
14.6
13.8
14.0

13.0

REFARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK PLUS TIME DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

MONEY STOCK PLUS TOTAL TIME DEPOSITS

MONEY STOCK PLUS NET TIME DEPOSITS**

S 19

2 16 30 14 Z« 11 23 8 22
JUL
AUG
1971

• 20
OCT

3 17
NOV

1

IS 29 12 26 9 23
JAN
FEB

• 22

S 19

3 17 31

14 26 12 26

1972

LATEST DATA PLOTTED WEEK ENDING. JUNE 14, 1972
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
** Mi IS DEFINED AS. CURRENCY, DEMAND DEPOSITS PLUS NET TIME DEPOSITS (SEE PAGE fl).

MONEY STOCK PLUS NET TIME DEPOSITS (M2 )
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENOINGt

6/16/71

10/13/71

11/17/71

12/15/71

1/12/72

2/16/72

3/15/72

4/12/72

5.7
6. 1
7. 1
8.0
8.8
8.7
8.7
8.8

8. 1
9.7
10.7
1 1.7
11.2
10.7
10.8

11.1
12.0
12.9
12.0
11.3
11.1

13.4
14.2
12.8
1 1.8
1 1.5

14.5
12.6
11.4
11.1

12. 1
10.6
10.4

8.4
8.8

9.0

TO THE AVERAGE
OF FOUR WEEKS
ENOING:
11/17/71
12/13/71
1/12/72
2/16/72
3/15/72
4/12/72
5/17/72
6/14/72


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

8

CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
WEDNESDAY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

5 19

2

It » H 21

JUL

I)

IS

• 22

AUG

• 20

3 IT

OCT

NOV

LATEST DATA PLOTTED WEEK ENDING. JUNE 14,

1

• 23

15 29 12 26

JAN

BILLIONS

S 22

SI*

3 IT 31

of dollars

14 2# It *9

JUN

FEB

JUL

1972

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.B RELEASE.
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 9100.000 OR MORE BY LARGE
WEEKLY REPORTING COMMERCIAL BAMCS.


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

MONEY AND TIKE DEPOSIT DATA

1972
3
10
17
24
31
JUNE
7
14
21
28
5
JULY
12
19
26

MAY

CERTIFICATES
OF DEPOSIT

BILLIONS
NET TIME
DEPOS1TS *

35.6
36.0
36.2
36.6
36.7
36.8
37.3

249.5
250. 1
250.7
251.3
252. 1
252.8
253.4

M2

m

484.2
484.5
487.4
486.3
488.3
489.3
490.0

K SEE FOOTNOTE PAGE 0.
m SEE FOOTNOTE PAGE 7.
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MEMBER BANK DEPOSITS
SUBJECT TO RESERVE REQUIREMENTS
(CREDIT PROXY )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

CREDIT PROXY ADJUSTED 1/

CREDIT PROXY

5

19

2

16 30

M 28

H

25

8 22

8 20

3

17

1

IS 29

12 26

9 23

1971
LATEST DATA PLOTTED WEEK ENDING. JUNE 14,

8 22

S 19

3 17 31

14 28 12 28

1972
1972

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, A2® CERTAIN OTHER NONDEPOSIT SOURCES.

1972

MAY

JUN.


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

BILL IQHS

10
17
24
31
7
14

CRED1T
PROXY

CRED1T
PROXY
ADJUSTED

375.3
377.7
377.5
378.5
379.3
378. 1

378.9
381.4
381.4
382. 1
383.0
381.7

COMPOUNDED ANNUAL RATES OF CHANGE.
AVERAGE OF THE FOUR WEEKS ENOING
JUNE 14, 1972 FROM THE FOUR
WFEKS ENDING.
CREDIT
CREDIT
PROXY
PROXY
ABJU&IEE
APR.
MAR.
FEB.
JAN.
DEC.
NOV.
JUN.

12,
15,
16,
12,
15,
17,
16,

1972
1972
1972
1972
1971
1971
1971

12.6
14.5
14.4
12.7
13.7
13.5
10.6

12.5
14.4
14. 1
12.5
12.8
12.6
10.4

PREPARED BY FEDERAL RESERVF BANK OF ST. LOUIS

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
8.5 -----

PERCENT
----- 8.5

CORPORATE Aaa BONDS

PRIME COMMERC
LOAN RATE

MUNICIPAL
BONOS**

DISCOUNT RATE

THREE-MONTH TREASURY
BILL MARKET YIELD

7 21
MAY

4 ie
JUN

2 16 30 19 27 10 24 8 22
SEP
OCT
AUG
JUL
1971

9 19
NOV

LLJJJJ

9 17 91 14 28 11 29 10 24
FEB
MAR
DEC
JAN

7 21
APR
1972

9 19
MAY

2 18
JUN

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGi JUNE 23,

1972
MAY

5
12
19
26
JUNE
2
9
16
23 X
30
JULY
7
14
21
28

1972

CORPORATE
Aaa BONDS

3-MONTH
TREASURY
BILLS

3-5 YEAR
GOVERNMENT
SECURITIES

LONG-TERM
GOVERNMENT
SECURITIES

MUNICIPAL
BOtOSMK

7.34
7.33
7.30
7.27
7.23
7.24
7.25
7.23

3.56
3.58
3.74
3.78
3.82
3.86
3.87
3.94

5.72
5.73
5.71
5.62
5.64
5.71
5.73
5.78

5.69
5.69
5.64
5.57
5.56
5.59
5.59
5.57

5.35
5.39
5.29
5.19
5. 15
5.31
5.36
N. A.

**ABOND^UYER’ S*AVERAGE '^ NDEX' OF 20 MUNICIPAL BONDS, THURSDAY DATA.
N.A. - NOT AVAILABLE


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

SELECTED SHORT-TERM

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
----- 8.5

ULLL

PERCENT
8.5 -----

-

8.0

8.0
-

-

IT T T

7.0

TTTT TTTT TTTT TTTT

7.5

1 1 1 1

6.5
1

5.0

COMMERCIAL ’APER
4-T0-6 MONTI

TTTT

/ /J

1 1 1 1

5.5

L_LL

6.0

V

7.5

7.0

6.5

6.0

5.5

5.0
-

4.5

x

-

5 tJ
■1 H
7 ii
MAY

1 l l l
1 1 1 J_LLL 1 11.
l l l
2
ie h 13 27 10 24 8 22 3 1»
AUG
SEP
OCT
NOV
JUL
1971

3.0

1. L 1 J_ ■ 1.11 .1 1 1
1.11.1. U 1. ..] 11 .mi. .1 1 1. i
3 17 31 14 28 11 25 10 24 7 2t
5 18 2 18 30 14 28
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUl
1972

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK END NG> JUNE 23,


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

1972
MAY

5
12
19
26
JUNE
2
9
16
23 X
30
JULY
7
14
21
28

4.0

3.5

FEDERAL FUNIDS RA1rE

l l l
4 1*
JUN

4.5
-

V

-

TTTT

3.0

r
TTTT

4.0

3.5

,

pr me
COMMERCIAL
PAPER
4-6 MONTH

FEDERAL
FUNDS

PRIME
BANKERS'
ACCEPTANCES

90 DAY
CD'Smt

4.55
4.50
4.50
4.50
4.50
4.50
4.63
4.63

4.19
4. 19
4.32
4.25
4.50
4.49
4.40
4.40

4.25
4.25
4.25
4.25
4.25
4.35
4.38
4.50

4.49
4.46
4.41
4.40
4.40
4.43
4.56
4.61

1972

* AVERAGES OF RATES AVAILABLE. FEDERAL FUNDS LAST FIVE DAYS AVAILABLE
*m DATA ARE SECOWARY MARKET RATES. WEEKLY AVERAGES END ING WEDNESDAY TWO
DAYS EARLIER.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE.
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS AND EXCESS RESERVES

ALL MEMBER BANKS

IN THE NATION

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

BILL IONS OF DOLLARS
------ ----------- ----------1 •«

1.6 ---- ------r-

BORROWINGS

EXCESS RESERVES

0.8

-

NET FREE RESERVES

1.2

-

1.6

-

9 19
MAY

2 16 30 14 26 II 25 6 22
JUN
JUL
AUG
SEP
1971

6 20
OCT

3 17
NOV

I IS 26 12 26 9 23 6 22
DEC
JAN
FEB
MAR

9 19
APR
1972

3 17 31 H 26 12 26
MAY
JUN
JUL

LATEST DATA PLOTTED WEEK ENDING. JUNE 21, 1972


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

MILLIONS
1972
MAY

3
10
17
24
31
JUNE
7
14
21
28
JULY
5
12
19
26

EXCESS
RESERVES
136
104
194
86
133
367
139
21 1

BORROWINGS
1 17
87
39
63
254
60
93
57

FREE
RESERVES

-

19
17
155
23
121
307
46
154

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS