Full text of U.S. Financial Data : Week Ending: June 25, 1980
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f//v -a /vc//i /. a a* r/i Week ending: June 25, 1980 LIBRARY , rac n « sm Last week the Board of Governors released revised money stoclc'sa'ies that incorporate benchmark adjustments. These benchmark adjustments are based on the June and September 1979 Call Reports and affect data back through October 1978. The June adjustment for MIA decreased the level of that series about $1 billion, and the September benchmark further decreased the series by $600 million. The revised MIA series was $2.5 billion less than the original series in May 1979. The effect of the benchmark revisions on the M1B series was smaller. The June revision lowered the level of the M1B series about $400 million, and the September adjustment reduced the series by an additional $600 million. By May 1980, the revised M1B series was $1.6 billion less than the original. The benchmark adjustments generally lowered the rates of growth for MIA and M1B. On an annual basis, the adjustments only slightly affected the growth rates of MIA and M1B in 1979. As shown in the table below, a relatively greater impact is evident on a quarterly basis, with the largest revision (one percentage point) occurring in the third quarter of 1979 for MIA. The largest revision in the quarterly growth rates of M1B also occurred in the third quarter of 1979, when the growth rate declined from 10.5 percent based on the original series to 9.9 percent based on the revised series. Growth Rates of MIA and M1B (compounded annual rates of change) MIA Original Period M1B Revised 1979 5.5% 5.2% 1978 IV 1979 I 5.7 0.2 8.0 9.1 4.8 5.6 5.7 0.2 7.4 8.1 4.6 4.9 n m IV 1980 I Original 7.9% 7.6 4.9 11.2 10.5 5.4 6.2 Revised 7.7% 7.6 4.9 10.8 9.9 5.0 6.1 THIS RELEASE WILL NOT BE PUBLISHED NEXT WEEK DUE TO A HOLIDAY ON FRIDAY, JULY 4, 1980. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Prepared by Federal Reserve Bank of St. Louis Released: June 27, 1980 2 ADJUSTED MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS 164 ------------- 1---------- 1------ BILLIONS OF DOLLARS ----- ---------------------- 164 BILLIONS 158.4 158.5 159.2 158.6 159.4 159.7 I I I I 2 16 30 13 27 11 25 0 22 5 19 3 17 31 M 28 12 26 9 23 6 20 5 19 2 16 30 H 28 II 25 9 23 1979 LATEST DATA PLOTTED WEEK ENDING: JUNE 25. 1980 IaLc°J,ufTER,1B£?IJ:0Nf'5TS 0F: l]) MEMBER bank RESERVES AT THE FEDERAL RESERVE CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF cJ.nk,JA&S-^ANS 12* AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO CHANGES. THE MAJOR SOURCE OETHE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT. DATA ARE COMPUTED |Y THIS BANK. A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE FROM IHIo BANK. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 6/27/79 9/26/79 11/28/79 12/26/79 1 /23/80 2/27/80 3/26/80 4/23/80 7.7 6.6 5.9 6.7 5.5 5.0 6.2 4. 1 6.0 6.8 TO THE AVERAGE OF FOUR WEEKS ENDING: 11/28/79 12/26/79 1/23/80 2/27/80 3/26/80 4/23/80 5/28/80 -6y25/80 9.2 9.3 9.2 9. 1 8.9 8.4 8.0 8.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7.9 8. 1 8.2 8.0 7.5 7.0 7.3 9.3 8.9 8.4 7.6 6.9 7.4 8.5 8.0 7. 1 6.4 7.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ADJUSTED BANK RESERVES iy AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 52 ------------- 1---------- ,-------- BILLIONS OF DOLLARS --------------------------------- 52 B1LUQNS 47.7 47.8 48.8 JUN. 48.3 2 16 30 MAY 13 JUN 27 II JUL 25 8 22 AUG 5 IS SEP 3 17 31 OCT 14 NOV 28 1J 1 LLL 1.11 1111 12 0 23 6 20 5 19 2 16 30 14 28 I I 25 9 23 DEC ! 979 1980 LATEST DATA PLOTTED WEEK ENDING: JUNE 18. 1980 17 FiDERALDREiElvERB*Sl5|E<^S|u^5i?CjEL|LBYBJoi]|R^AK^^LIC 'MEU8ER 0*NK RESERVES AT ADJUSTED BANK RESERVES COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 6/20/79 9/19/79 11 /2I/79 12/19/79 1/16/80 2/20/80 3/19/80 4/16/80 TO THE AVERAGE OF FOUR WEEKS ENDING: 11/21/79 12/19/79 1/16/80 2/20/80 3/19/80 4/16/80 5/21/80 6/18/80 8.6 9.9 10.2 8.6 8.6 7.5 6.5 6.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9.8 10.2 7.8 7.9 6.4 5.2 5.2 14.7 8.8 8.7 6.5 4.7 4.9 5.0 6.0 3.9 2.5 3.0 3.7 1.7 0.6 1.5 2.7 0.8 1.9 -2.A 0.0 1.2 PREPARED BY FEDERAL RESERVE BANK OF ST. 3 LOUIS 4 MONEY STOCK (MIA) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS of dollars BILLIONS __ MAY 367.3 368.2 367.2 369.7 369.3 JUN. 2 16 30 13 27 JUN II 8 22 3 17 31 14 28 12 26 9 23 6 20 5 FEB 25 JUL MAR 19 1979 2 16 30 14 28 II 25 9 23 1980 LATEST DATA PLOTTED WEEK ENDING: JUNE 18. 1980 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. MIA CONSISTS OF CURRENCY AND COIN PLUS COMMERCIAL BANK DEMAND DEPOSITS HELD BY THE NONBANK PUBLIC EXCLUDING THOSE HELD BY FOREIGN BAM<S AND OFFICIAL INSTITUTIONS. MONEY STOCK (MIA) COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDING: 6/20/79 9/19/79 1 /21/79 12/19/79 1/16/80 2/20/80 3/19/80 4/16/80 -3.6 -6.8 -2.9 -9.4 -3.6 -2.3 TO THE AVERAGE OF FOUR WEEKS ENDING: 11/21/79 12/19/79 1/16/80 2/20/80 3/19/80 4/16/80 5/21/80 6/18/80 6.6 5.5 6.3 6. 4 5.6 4.4 2.6 3.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2.8 4.8 5.3 4.3 2.8 0.6 1.6 5.6 6.0 4.4 2.2 -0.6 0.8 9.0 5.9 2.9 -0.6 1.0 3.3 0.2 -3.2 -0.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK ( MlB ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 40!> — MAY JUN. 385.5 386.6 385.6 388.7 389. 1 392.5 FEB MAR 1979 I960 LATEST DATA PLOTTED WEEK ENDING-. JUNE 18. 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: 6/20/79 9/19/79 11/21/79 12/19/79 1/16/80 2/20/80 3/19/80 4/16/80 TO THE AVERAGE OF FOUR WEEKS ENDING: 11/21/79 12/19/79 1/16/80 2/20/80 3/19/80 4/16/80 5/21/80 6/18/80 7.6 6.4 7.5 7.4 6.7 5.7 3.7 4.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2.9 5.6 5.9 5.0 3.8 1 .4 2.6 7.3 7.2 5.6 3.7 0.5 2.2 10.3 7.3 4.5 0.6 2.5 4. 1 1.6 -2.4 0.4 -1.7 -5.7 -1.5 -8.4 -2. 1 -1.3 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT 21.0 r- 21.0 20.0 20.0 17.0 17.0 16.0 16.0 ME BANK AN RATE 15.0 14.0 14.0 90 DAY CD'S 13.0 13.0 12.0 12.0 COMMERCIAL PAPER 1 1.0 CORPORATE Aaa BONDS 10.0 MUNICIPAL 1979 19S0 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. JUNE 27, 1980 MAY 2 9 16 23 30 JUNE 6 13 20 27 *** *** JULY 4 1 1 18 25 1980 90 DAY CD'S PRIME COMMERC 1 AL PAPER MQKX PRIME BANKERS' ACCEPTANCES CORPORATE Aaa BONDS CORPORATE Baa BONDS MUNICIPAL BONDS XX 12.89 10.26 9.70 9. 43 8.43 8.92 8.34 8.25 8.39 12.31 9.92 9.32 9.06 8. 19 8.69 8.03 7.92 7.99 12.46 10.04 9.60 9.08 8.42 8.68 8.06 8.08 8.25 11.38 10.93 10.96 11.02 10.90 10.88 10.53 10.34 10.46 13.68 13.20 13. 10 13.11 13. 10 12.92 12.82 12.62 12.44 7.96 7. 1 1 7.44 7.72 7.73 7.67 7.53 7.55 N. A. * AVERAGES OF RATES AVAILABLE. ** BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS, *** DATA ARE 4-MONTH COMMERCIAL PAPER RATES. N.A. - NOT AVAILABLE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis THURSDAY DATA. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS SELECTED INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT 20.0 20.0 19.0 18.0 18.0 17.0 16.0 16.0 FEDERAL FUNDS RATE 15.0 14.0 13.0 3-MONTH TREASURY B 12.0 1 1.0 11.0 10.0 10.0 5-YEAR TREASURY SECURITIES 9.0 8.0 7.0 6.0 1 15 29 13 27 10 24 7 21 SEP 5 19 OCT 2 16 SO 14 28 DEC II 25 8 22 7 21 4 18 2 16 50 13 27 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JUNE 27, 1980 MAY 2 9 16 23 30 JUNE 6 13 20 27 x JULY 4 1 1 18 25 II 25 JAN I960 FEDERAL FUNDS KX 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL xxx 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECUR1T1ES 15. 12 12.96 10.85 10.71 9.46 10.74 9.68 8.99 9.08 10.47 9. 14 8.53 8. 15 7.70 7.51 6.44 6.76 7.36 10.79 9.50 8.78 8.92 7.75 8. 17 6.94 6.66 7. 1 1 9.99 9.00 8.72 8.34 8.03 7.91 7.23 7.30 7.60 10.63 9.94 9.94 9.89 9.79 9.58 9.08 8.90 9.08 10.51 9.94 10.20 10.22 10. 13 10.08 9.64 9.45 9.65 I*ASEVE^DAYFAVERAGESVFORAWEiK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE. RATEJ^ON1LONG-TERM TREASURY SECURITIES ARE COMPUTED BY THE FEDERAL RESERVE BANK OF ST. LOUIS. TREASURY BILL YIELDS ON DISCOUNT BASIS. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 0 8 MULTIPLIERS!/ CURRENCY OF MONEY STOCK MEASURES 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 2.9 RATIO MONEY MULTIPLIERS JUN. BA-T.I.Q . 449 .433 JUN. 1111 1 ■Lll 1 1 1 1 1 I LATEST DATA PLOTTED WEEK ENDING: JUNE 18. 1980 BILLIONS OF DOLLARS 112 COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF ----THE FOUR - 110 WEEKS ENDING JUNE 18.1980 FROM THE FOUR WEEKS ENDING: ----APR. MAR. FEB. JAN. —DEC. SEP. - JUN. - 108 BILLIONS OF DOLLARS 114 1980 1980 1980 1979 1979 1979 CURRENCY 1980 BILLIONS 1111111 1980 LATEST DATA PLOTTED WEEK ENDING: JUNE 18. 1980 1/ RATIO OF MONEY STOCK (MIA) OR ( MlB > 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 280 257.6 258.3 256.5 259.3 258.7 261.7 I I LI 2 16 30 13 JUN 27 11 25 8 22 5 19 3 17 31 14 28 12 26 9 23 6 20 2 16 50 14 28 II 25 0 23 JUL 1980 LATEST DATA PLOTTED WEEK ENDING: JUNE 18. 1980 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. DEMAND DEPOS1T COMPONENT OF MONEY STOCK ( MIA ) COMPOUNDED ANNUAL RATES OF CHANGE 6/20/79 9/19/79 11/21/79 12/19/79 AVERAGE OF FOUR WEEKS ENDING-. /16/80 2/20/80 3/19/80 4/16/80 -7.8 -12.2 -7.2 -15.5 -8. 1 -6.6 TO THE AVERAGE OF FOUR WEEKS ENDING: 11/21/79 12/19/79 1/16/80 2/20/80 3/19/80 4/16/80 5/21/80 6/18/80 5.0 4.0 5.0 5. 1 4. 1 2.6 0. 1 0.9 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 .4 3.8 4.2 2.9 0.9 -2.2 -0.9 5. 1 5.3 2.9 0. 1 -3.9 -2.0 8.4 4.3 0.5 -4.3 -2. 1 1 . 1 -2.8 -7.6 -4.4 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 465 LLIONS OF DOLLARS r------- ----- ,------------,------ n------------ =1 465 BILLIONS 450.8 451.4 452. 1 453! 5 454.5 Z~ JUN. INI MAY JUN JUL AUG SEP 1979 OCT NOV LATEST DATA PLOTTED WEEK ENDING: JUNE 18, CURRENT DATA APPEAR DEC JAN FEB MAR APR 1980 MAY JUN JUL 1980 IN THE BOARD OF GOVERNORS’ H.6 RELEASE. TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN •100,000. SAVINGS PLUS SMALL TIME DEPOS1TS COMPOUNDED ANNUAL RATES OF CHANGE 6/20/79 9/19/79 11/21/79 12/19/79 AVERAGE OF FOUR WEEKS ENDING: /16/80 2/20/80 3/19/80 4/16/80 11.5 9.8 9.9 10.6 10.5 8.6 TO THE AVERAGE OF FOUR WEEKS ENDING: 11/21/79 12/19/79 1/16/80 2/20/80 3/19/80 4/16/80 5/21/80 6/18/80 10.3 10.2 9.5 8.9 8.8 9. 4 9.2 9.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8.4 7.6 7. 1 7.3 8.3 8. 1 8.3 7.4 6.6 7.0 8.5 8.2 8.5 5.3 6. 1 8.2 7.9 8.3 6.5 9. 1 8.6 8.9 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS BORROWINGS FROM FEDERAL RESERVE BANKS ALL MEMBER BANKS 1980 MAY IN THE NATION AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS BILLIONS OF DOLLARS MILLIONS 2) 111 1.1111 5 19 3 17 31 14 28 NOV LATEST DATA PLOTTED WEEK ENDING: JUNE 25. 12 26 2 16 30 14 28 DEC MAY II 25 S 23 JUN 1980 BUSINESS LOANS (COMMERCIAL AND BILLIONS OF DOLLARS 166 164 162 160 158 156 154 INDUSTRIAL) WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED BILLIONS OF DOLLARS 166 - _ COMPOUNDED ANNUAL RAT ES OF CHANGE, AVERAGE OF ” THE FOUR WEEKS ENDING — JUNE 18, 1980 FROM - THE FOUA WEEKS ENDING — _ _ _ APR. MAR. FEB. JAN. DEC. SEP. _ JUN. 16, 19, 20. 16, 19, 19, 20, 980 980 980 980 979 979 164 - 162 - 160 -10.3 -7.3 -4.7 1.7 6.6 5.1 10.2 979 - 158 - 156 - 154 - 152 150 - - 150 148 - - 148 - - 142 - - i960 MILLIONS 140 138 136 111 157,545 157,042 ----- 138 157,205 JUN. 4 158,218 ----- 136 11 157,757 18 157,422 : 134 11111111111111111“ 5 2 - 134 MAY iLLLLi 16 30 MAY 111 13 27 JUN 11 II JUL 1111. i 25 8 22 111 5 10 AUG SEP 1979 LATEST DATA PLOTTED WEEK ENDING: http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis u ii 111 17 31 OCT 111 14 28 NOV JUNE 18, 1111 12 26 DEC 0 23 JAN 111 6 20 FEB MAR 10 14 21 28 16 30 14 28 APR 1980 MAY II 2 JUN 1980 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 142 140 12 LARGE TIME DEPOSITS ALL COMMERCIAL BANKS ILL IONS OF AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED DOLLARS BILLIONS OF DOLLARS 208 BILLIONS 206 204 202 200 192 190 188 186 184 182 180 178 176 174 1979 LATEST DATA PLOTTED WEEK ENDING: JUNE 18. 1980 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. TIME DEPOSITS ISSUED IN DENOMINATIONS OF flOO.OOO OR MORE. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
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