Full text of U.S. Financial Data : Week Ending: June 29, 1977
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Week ending: June 29r 1977 4f? , '7C, Short-term interest rates on most securities have averaged somewhat higher in June than they did in May of this year, as indicated in ; the table below. However, the increase in short-term rates between May and June has generally been less than 15 basis points. This increase is considerably smaller than the increases of 30 to 60 basis points from April LFBRARVt0 ^ DEC 6 197? In contrast to short-term rates, long- and intermediate-term rates have averaged somewhat lower in June than they did in May. Long-term rates have declined 9 to 13 basis points between May and June, after increasing slightly, or remaining the same, between April and May. The interest rate on 3-5 year Government securities averaged about the same in June as it did in April. YIELDS ON SELECTED SECURITIES (Monthly Averages of Daily Rates) June 1976 Jan. 1977 March 1977 April 1977 May 1977 June 1977 * 5.48% 4.61% 4.69% 4.73% 5.35% 5.38% Prime Commercial Paper (4-6 Month) 5.94 4.74 4.87 4.87 5.35 5.49 Prime Bankers' Acceptances 5.77 4.81 4.80 4.78 5.34 5.40 3-Month Treasury Bills 5.41 4.62 4.60 4.54 4.96 5.02 1-Year Treasury Bills 6.12 5.00 5.19 5.10 5.43 5.41 7.40 6.49 6.73 6.58 6.75 6.59 8.62 7.96 8.10 8.04 8.05 7.96 Long-Term Government Securities** 7.86 7.35 7.57 7.50 7.57 7.44 Municipal Bonds*** 6.87 5.87 5.91 5.75 5.75 5.63 Short-term Securities Federal Funds Intermediate-Term Securities 3-5 Year Government Securities Long-Term Securities Corporate Aaa Bonds * Averages of rates available through June 29, 1977. ** Issues due or callable in ten years or more, excluding issues that have special Federal estate tax privileges. *** Thursday data http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Prepared by Federal Reserve Bank of St. Louis Released: July 1, 1977 MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS BILLIONS OF DOLLARS 136 MILLIONS — JUN 134 132 130 128 126 124 122 5 19 2 16 30 14 28 11 25 8 22 6 20 3 17 1 15 29 12 26 JAN 9 23 9 23 6 20 4 18 1 15 29 13 27 FEB 1976 1977 LATEST DATA PLOTTED WEEK ENDING: JUNE 29, 1977 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. MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE, 6/30/76 9/29/76 12/1/76 12/29/76 AVERAGE OF FOUR WEEKS ENDING: 1/26/77 3/2/77 3/30/77 9. 1 6.9 5.6 7.2 6.4 4/27/77 TO THE AVERAGE OF FOUR WEEKS ENDING: 12/ 1/76 12/29/76 1/26/77 3/ 2/77 3/30/77 4/27/77 6/ 1/77 6/29/77 2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7.4 6.5 6.3 6.5 6.8 7.0 6.6 6.7 6.5 6. 1 6.5 7.0 7.2 6.7 6.8 3.4 5.0 6. 1 6.5 6.0 6.2 6.5 7.5 7.7 6.8 7.0 8.6 8.5 7. 1 7.3 5.6 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MULTIPLIERS ADJUSTED FEDERAL RESERVE CRED I T 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO RATIO MULT PLIER RATIO 2.429 2.438 2.42 LATEST DATA PLOTTED WEEK ENDING: JUNE 22. 197T BILLIONS OF DOLLARS 122 — ------------1--------- 1--------- BILLIONS OF DOLLARS 122 - CO BOUNDED ANNUAL R/kTES OF CHANGE. AVERAGE CIF TH E FOUR WEEKS END If4G JU NE 29, 1977 FROM TH E FOUR WEEKS END 1fJGi 120 “ 118 116 _ 114 _ AP R. MA R. MA R. JA N. DE C. r• JU N. 27, 30, 2, 26, 29, £.9, 30, 1977 1977 1977 1977 1976 1 &1 1976 120 118 5.c5 6.J 7. 7.1 7.C 116 - USTED FEDER^ L RES ERVE i 6.; V ,A s 114 - 112 112 1 10 V" 108 106 V V , - /V <\ V v 110 - \ /----v— 1 977 r 25 112,828 1 113 737 JUr4. 8 112 761 15 1 13 321 22 1 13 943 29 1141361 104 sg ILL!.. i 1 1 1 i 1 1 111 5 19 MAY 1 1 1 1 -111 8 22 JUN JUL AUG MILLIONS “ SEP 1976 111 . 1 -1 6 20 3 17 OCT NOV 1 1 1.. 1 1-1. 15 29 12 26 DEC JAN 1 1 1 FEB 1 1 111 9 23 6 20 -.1 1 9 23 MAR APR 1977 108 — 106 ~ _ 104 1 1 1 1 1 1 1 1 1 1 1 1 l' 4 18 MAY 1 15 29 13 27 JUN JUL LATEST DATA PLOTTED WEEK ENDING: JUNE 29. 1977 1/ RATIO OF MONEY STOCK ( Ml ) / MONETARY BASE. 2/ FEDERAL RESERVE CREDIT CONSISTS OF FEDERAL RESERVE HOLDINGS OF SECURITIES, LOANS, FLOAT AND OTHER ASSETS. ADJUSTED FEDERAL RESERVE CREDIT IS COMPUTED BY SUBTRACtlNG TREASURY DEPOSITS AT FEDERAL RESERVE BANKS FROM THIS SERIES, AND ADJUSTING THE SERIES FOR RE SERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSITS BETWEEN BANKS WHERE DIFFERENT RESERVE REQUIREMENT RATIOS APPLY. DATA ARE COMPUTED BY THIS BANK. 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 (M2) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED B'LL IONS OF DOLLARS BILLIONS OF DOLLARS BILLIONS 768.4 769. 1 769.5 771.6 770.9 773.7 760 755 750 745 740 735 730 725 720 715 710 705 700 695 690 5 19 2 16 30 14 28 11 25 8 22 6 20 3 17 OCT NOV 1 15 29 12 26 JAN 9 23 9 23 6 20 4 18 1 15 29 13 27 FEB 1976 1977 LATEST DATA PLOTTED WEEK ENDING: JUNE 22, 1977 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ h.b RELEASE. MONEY STOCK PLUS NET TIME DEPOSITS (M2) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 6/23/76 9/22/76 11Z24/76 12/22/76 1/19/77 2/23/77 3/23/77 4/20/77 7.4 9.3 8.6 8.4 11.2 9.6 9.0 9.9 9.1 7.2 TO THE AVERAGE OF FOUR WEEKS ENDING: 11/24/76 12/22/76 1/19/77 2/23/77 3/23/77 4/20/77 5/25/77 6/22/77 4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11.7 12.0 12.2 11.3 11.1 11.3 10.9 10.6 13.8 13.7 12.0 11.5 11.7 11.1 10.7 13.6 10.8 10.3 10.9 10. 1 9.8 9.3 9.2 10.2 9.5 9.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0 MONEY STOCK (Ml) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 335 ---------- 1-------------1----- BILLIONS OF DOLLARS ----- ------------- ---------- 335 BILLIONS 321.3 321.5 320.7 321.5 320.8 322.3 5 19 2 16 30 14 28 11 25 8 22 6 20 3 17 OCT NOV LATEST DATA PLOTTED WEEK ENDING: JUNE 22. 1 15 29 12 26 JAN 9 23 FEB 9 23 6 20 4 18 APR MAY 1 15 29 13 27 1977 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. MONEY STOCK (Ml ) COMPOUNDED ANNUAL RATES OF CHANGE , 6/23/76 9/22/76 11/24/76 12/22/76 AVERAGE OF FOUR WEEKS ENDING: 1/19/77 2/23/77 3/23/77 4/20/77 0.9 5.4 5.9 5.2 10.4 9.1 7.4 11.1 8.2 4.8 TO THE AVERAGE OF FOUR WEEKS ENDING: 11/24/76 12/22/76 1/19/77 2/23/77 3/23/77 4/20/77 5/25/77 6/22/77 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5.5 5.6 6.6 5.3 5.3 6.3 6.3 6.0 6.4 8.0 5.6 5.5 6.9 6.9 6.4 9.6 5.0 4.9 7.0 7.0 6.3 4.5 4.6 7.2 7.2 6.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT 10.0 i— — CORPORATE Aaa BONDS PRIME BANK LOAN RATE MUNICIPAL BONDSae* COMMERCIAL PAPER 4 18 2 16 SO 13 27 10 24 8 22 5 19 3 17 31 14 28 II 6 20 3 17 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JULY 1, 1977 JAN 25 II 25 8 22 1 15 29 FEB 1977 1977 MAY 6 13 20 27 JUNE 3 10 17 24 JULY 1 X 8 90 DAY CD***S PRIME COMMERCIAL PAPER 4-6 MONTH PRIME BANKERS’ ACCEPTANCES 4.94 5.21 5.35 5.58 5.53 5.46 5.42 5.39 5.40 4.98 5.25 5.53 5.60 5.53 5.51 5.50 5.48 5.43 5.06 5.33 5.43 5.52 5.42 5.42 5.41 5.39 5.35 CORPORATE Aaa BONDS MUNICIPAL BOtOSXK 8.04 8.07 8.06 8.04 5.76 5.82 5.70 5.71 5.72 5.65 5.55 5.61 8.00 7.98 7.94 7.94 7.91 N.A. 15 22 29 * AVERAGES OF RATES AVAILABLE. ** B0ND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA. *9B* rates F°k THE WEEK ending Wednesday two days u a EARbAfRAUA^A^JES SH0WN‘ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.9 RELEASE. N.A. - NOT AVAILABLE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 10.0 SELECTED SHORT-TERM INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT 8.0 ---- 7.5 ----- 8.0 7.5 zrr \ 1 v'N 3-5 YEAR GOVERNMENT SECURITIES 7.0 7.0 \ 6.5 f / / / 6.5 / 6.0 6.0 DISCOUNT RATE 5.5 FEDERAL FUNDS RATE 5.0 4.5 THREE-MONTH TREASURY BILL MARKET YIELD 4.0 Li-LLJ. J .1. Ill -LLL1 I I I I I I I I I I I..............I I I I I I I I............. II 7 21 4 MAY JUN 1* 2 16 SO JUL 13 27 AUG 10 24 8 22 SEP 1976 OCT 5 19 NOV 3 17 DEC 31 14 28 JAN 11 FEB 25 11 MAR 25 8 22 APR 1977 6 20 3 17 1 MAY JUN JUL 15 29 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JULY 1, 1977 1977 MAY 6 13 20 27 JUNE 3 10 17 24 JULY 1 x 8 15 22 29 FEDERAL FUNDS *** 8K 3-MONTH TREASURY BILLS 1-YEAR TREASURY BILL 3-5 YEAR GOVERNMENT SECURITIES LONG-TERM GOVERNMENT SECURITIES 5.15 5.31 5.34 5.45 5.36 5.31 5.37 5.43 5.43 4.75 4.96 5.05 5.06 5.03 5.06 5.01 5.01 4.95 5.28 5.46 5.52 5.45 5.42 5.43 5.40 5.41 5.37 6.72 6.78 6.79 6.77 6.71 6.68 6.56 6.54 6.49 7.57 7.61 7.58 7.53 7.52 7.48 7.41 7.41 7.37 * AVERAGES OF RATES AVAILABLE. ** S™* ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE. RATES ON LONG-TERM GOVERNMENT SECURITIES ARE COMPUTED BY THE FEDERAL RESERVE BANK OF ST. LOUIS 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 460 BILLIONS - JUN. 455 447. 1 447.6 448.8 450. 1 450.2 451.4 450 445 440 435 430 425 420 415 410 405 400 395 390 5 19 2 16 30 14 28 11 JUL 25 8 22 6 20 3 17 1 15 29 12 26 9 23 9 23 6 20 4 16 1 15 29 15 -L 27 AUG 1976 1977 LATEST DATA PLOTTED WEEK ENDING: JUNE 22, 1977 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, 6/23/76 9/22/76 11/24/76 12/22/76 AVERAGE OF FOUR WEEKS ENDING: 1/19/77 2/23/77 3/23/77 4/20/77 12.2 12. 1 10.7 10.8 11.7 9.9 10.2 9.1 9.8 8.9 TO THE AVERAGE OF FOUR WEEKS ENDING: 11/24/76 12/22/76 1/19/77 2/23/77 3/23/77 4/20/77 5/25/77 6/22/77 Digitized 8 for FRASER http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 16.5 17. 1 16.6 16.0 15.6 15.2 14.3 14. 1 19.5 18.0 16.8 16.0 15.4 14.2 13.9 16.7 15. 1 14.3 13.8 12.5 12.3 13.0 12.5 12.4 11.1 11.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 0 DEMAND DEPOSIT COMPONENT OF MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 250 BILLIONS - MAY 237.6 237.8 236.7 237.8 237.0 238. 1 245 240 235 230 225 5 19 2 16 30 14 28 11 25 8 22 6 20 3 17 1 15 29 12 26 JAN 9 23 9 23 6 20 4 18 1 15 29 13 27 FEB 1976 1977 LATEST DATA PLOTTED WEEK ENDING: JUNE 22, 1977 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. DEMAND DEPOS T COMPONENT OF MONEY STOCK COMPOUNDED ANNUAL RATES OF CHANGE , 6/23/76 9/22/76 11 /24/76 12/22/76 AVERAGE OF FOUR WEEKS ENDING: 1/19/77 2/23/77 3/23/77 4/20/77 10.5 9.1 7.0 11.4 8.0 4.0 TO THE AVERAGE OF FOUR WEEKS ENDING: 11/24/76 12/22/76 1/19/77 2/23/77 3/23/77 4/20/77 5/25/77 6/22/77 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4.8 4.9 6.2 4.4 4.3 5.5 5.6 5.2 6. 1 8. 1 4.7 4.6 6.2 6.3 5.7 10.3 3.7 3.8 6.2 6.4 5.6 2.8 3.2 6.4 6.5 5.5 -1.7 3.8 4.6 3.9 f PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS WEDNESDAY FIGURES SEASONALLY ADJUSTED billions of dollars 5 19 2 16 30 M 28 11 JUL 25 8 22 AUG 6 20 3 17 OCT NOV 1 15 29 12 26 JAN 9 billions of dollars 9 23 FEB 1976 LATEST DATA PLOTTED WEEK ENDING: JUNE 22, 6 20 APR 1977 A 18 1 15 29 13 27 MAY 1977 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE. NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 8100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS. 1977 MAY 4 1 1 18 25 JUNE 1 8 15 22 29 JULY 6 13 20 27 CERTIFICATES CERT 1F1 CATES OF DEPOSIT OF DEPOSIT SEAS. ADJ. NOT SEAS. ADJ. 59.4 60.3 61.2 62.0 62.3 62.6 62.8 62.9 61.3 62.0 62.4 62.7 62.9 63.2 63.7 64.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 10 http://fraser.stlouisfed.org 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 of dollars 1.5 977 MAY 5 19 2 16 30 14 28 11 25 8 22 6 20 3 17 1 15 29 12 26 JAN LATEST DATA PLOTTED WEEK ENDING: JUNE 29, 9 23 9 23 FEB 6 20 APR 1977 MILLIONS 25 4 18 1 15 29 13 27 MAY 1977 BUSINESS LOANS ( COMMERCIAL AND INDUSTRIAL ) BILLIONS OF DOLLARS WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED BILLIONS OF DOLLARS 124 122 120 118 116 114 112 110 108 106 _ COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF — THE FOUR WEEKS ENDING — JUNE 22, 1977 FROM — THE FOUR WEEKS ENDING: . 104 1977 MAY MILLIONS 18 102 100 96 96 5 19 LU. I I I 2 16 30 M 28 11 JUL 25 AUG 8 22 6 20 3 17 OCT NOV 1 15 29 12 26 JAN 9 23 FEB 9 23 6 20 4 18 APR MAY 1 15 29 13 27 1976 LATEST DATA PLOTTED WEEK ENDING: JUNE 22, 1977 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 MEMBER BANK DEPOSITS SUBJECT TO RESERVE REQUIREMENTS (CREDIT PROXY ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BILLIONS OF DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF THE FOUR WEEKS ENDING JUNE 22, 1977 FROM THE FOUR WEEKS ENDING: CREDIT CREDIT PROXY PROXY ADJUSTED 5 570 560 550 CREDIT PROXY ADJUSTED 1/ 540 530 CREDIT PROXY 520 CREDIT PROXY CREDIT PROXY 537.7 538.9 539. 545.8 547.2 546.6 551 .0 544.1 546.1 5 19 2 16 30 H 2S II 25 JUL AUG 8 22 6 20 3 17 OCT NOV 1 15 29 12 26 9 23 JAN FEB 1976 LATEST DATA PLOTTED WEEK ENDING: CURRENT DATA APPEAR 1/ 9 23 510 ADJUSTED 500 490 555.6 6 20 4 APR MAY 18 15 29 13 27 1977 JUNE 22, 1977 IN THE BOARD OF GOVERNORS* H.9 RELEASE. INCLUDES MEMBER BANK DEPOSITS, BANK-RELATED COMMERCIAL PAPER, U.S. BANKS. AND CERTAIN OTHER NONDEPOSIT SOURCES. EURODOLLAR BORROWINGS OF PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS