Full text of U.S. Financial Data : Week Ending: March 17, 1982

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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Week ending: March 17, 1982

VJli

LIBRARY
MAR 2 2 1982

The required reserves of member banks were reduced by
approximately $2 billion in the week ending March 10, 1982, the third
phase of reductions in reserve requirements of member banks under the
Monetary Control Act of 1980. Reserve requirements of member banks
that were in effect as of August 31, 1980, are being reduced gradually in
seven steps as specified in the act. The phase-in of reductions in reserve
requirements for member banks will be complete on March 1, 1984.

A reduction in reserve requirements tends to have an
expansionary effect on money growth unless offset by a reduction in the
source base (reserves plus currency), since a given level of bank reserves
can now support a higher level of checkable deposits. The combined
effects of the reserves released by the reduction in reserve
requirements and any offsetting reductions in the source base are
reflected in the adjusted monetary base series published in this release.
The adjusted monetary base equals the source base plus a reserve
adjustment magnitude (RAM) designed to reflect the effects of changes
in reserve requirements. RAM is calculated by subtracting from
required reserves of all depository institutions the amount of reserves
they would be required to hold if reserve requirements of a base period
were in effect.
The Federal Reserve reduced its holdings of government
securities by about $3.6 billion during the week ending March 10. On the
other hand, RAM was about $2 billion higher that week, and other
sources of the base rose by about $1.7 billion. Thus, the Federal
Reserve offset the expansionary effects of reserves released by the
reduction in reserve requirements and increases in other sources of the
base by draining reserves through open market operations, yielding
essentially no change in the seasonally adjusted monetary base that week.

Prepared by Federal Reserve Bank of St. Louis
Released: March 19, 1982

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

2
ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
176 ---------- 1---------- 1--------

BILLIONS OF DOLLARS
----------------- -------------- 176

BILLIONS

MAR.

172.4
173.8
173.0
173.3
173.2
174. 1

I I I I
1

FEB

15 29 13 27 10 2«

8 22

5 19

2

I I .L-U-U

16 30 M 28 II

OCT

MAR

25

9 23

6 20

3 17

JAN

NOV

FEB

3

17 31

LATEST DATA PLOTTED WEEK ENDING: MARCH 17. 1982
THF AOJUSTED MONETARY BASE CONSISTS OF: ( 1 1 RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS
ItffdFRAI RESERVE BANKS (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND
IN THE VAULTS OF COMMERCIAL BANKS), AND ( 3> AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO
thantfs
THF MAJOR SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT.
DATA
ARE^OMPUTED BY THIS BANKE A DETAILED DESCRIPT I ON OF THE ADJUSTED MONETARY BASE IS
AVAILABLE FROM THIS BANK.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
3/18/81

6/17/81

8/19/81

9/16/81

6.0
4.8
3.7
3.7
4.5
5. 1
5.6
5.7

2.9
1.5
2.0
3.4
4.4
5.2
5.3

-2.3
0.0
2.6
4.1
5.3
5.4

0.7
3.9
5.4
6.6
6.5

AVERAGE OF FOUR WEEKS ENDING:

10/14/81 11/18/81

12/16/81

1/20/82

10.7
9.3

9.1

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
8/19/81
9/16/81
10/14/81
11/18/81
12/16/81
1/20/82
2/17/82
3/17/82


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

7. 1
8.0
8.9
8.4

10.4
10.9
9.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
50

BILUQN?
FEB.

MAR.

48.2
47.9
48.9
48.7
48.6

I I I I
JAN

FEB

OCT

LATEST DATA PLOTTED WEEK ENDING: MARCH 10.

NOV

.1J 1 I.
JAN

FEB
1982

1982

ADJUSTED MONETARY BASE (RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE
BANKS PLUS CURRENCY IN CIRCULATION) LESS CURRENCY HELD BY THE NONBANK PUBLIC.

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE,
3/11/81

6/10/81

4.6
2.2
-0.7
0.0
1 . 1
1 .0
2.8
4.3

0.0
-4.5
-2.5
-0.4
-0.4
2.2
4.3

8/12/81

9/9/81

-14. 1
-7.4
-3.2
-2.5
1.3
4.0

-6.0
-0.8
-0.6
3.5
6.5

AVERAGE OF FOUR WEEKS ENDING:

10/7/81

1/11/81

12/9/81

1/13/82

7.7
4.9
8.9
1 1.5

5. 1
10.7
13.7

10.2
14.3

24.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING-.
8/12/81
9/ 9/81
10/ 7/81
11/11/81
12/ 9/81
1/13/82
2/10/82
3/10/82


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
465 r---------1---------- 1--------

BILLIONS OF DOLLARS

-------- ----- =1

BILLIONS
449.4
446.6
448.0
445.0
448.8
448.4

I I I I
5 19

JAN

FEB

JUN

MAR

JUL
1981

LATEST DATA PLOTTED WEEK ENDING: MARCH 10,

2

16 30 14 28 II

SEP

OCT

25

NOV

9 23

6 20

DEC

3

17

3 17 31

FEB
1982

1982

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
Ml CONSISTS OF CURRENCY HELD BY THE NONBANK PUBLIC PLUS COMMERCIAL BANK DEMAND DEPOSITS
HELD BY THE NONBANK PUBLIC (EXCLUDING THOSE HELD BY FOREIGN BANKS AND OFFICIAL INSTITUTIONS)
AND OTHER CHECKABLE DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS' CHECKS.

MONEY STOCK ( Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

3/11/81

6/10/81

8/12/81

9/9/81

10/7/81

11/11/81

12/9/81

4.7
4.5
4. 1
4.5
5.2
6.6
6.8
6.2

2.2
1 .9
3. 1
4.3
6.5
6.8
5.9

2.3
4.1
5.7
8.6
8.6
7.2

4.4
6.5
9.7
9.6
7.9

8.9
12.3
11.6
9. 1

15.4
13.4
9.7

14.4
9.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
8/12/81
9/ 9/81
10/ 7/81
11/11/81
12/ 9/81
1/13/82
2/10/82
3/10/82


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

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

465

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
2.9

RAT] Q

MAR.

Ml MULTIPLIER

I I I I
LATEST DATA PLOTTED WEEK ENDING: MARCH 10, 1982
BILLIONS OF DOLLARS
128 ----------1---------- 1---------- 1------------- 1----------

_

BILLIONS OF DOLLARS
128

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
_
MA RCH 10, 198 2 FROM
TH E FOUR WEEK S END 1 4G:

JA N.
-----DE C.
NO V.
OC T.
“ SE P.
JU N.
-----MA

13,
9,
11,
7,
9,
10,

198 2
198 1
198 1
198 1
198 1
198 1
1

-

_

5.
8.
8.
6.f
6.
5.'
6.

-

-

CURREN CY

-

-

-

FEB.

s1 1 1

1 1 1

1 1 1

7 21

4 18

4 18

JAN

FEB

MAR

1 II 1
I

111

1111

111

15 29 15 27 10 24

APR

MAY

JUN

8 22

JUL
1981

111

1111

111

111

5 19

2 16 50 14 28

AUG

SEP

OCT

II 25

NOV

3
1?

24.4
11:1

MAR.

-

24
3
10

24.3
24.7
24.6

_

_

i i i i l i i i 1 i n l i i i i'
9 25

DEC

6 20

JAN

5 17

5 17 51

FEB
MAR
1982

LATEST DATA PLOTTED WEEK ENDING: MARCH 10, 1982
1/ RATIO OF MONEY STOCK ( Ml ) 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

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

22.0

22.0

21.0

— PRIME BANK
LOAN RATE

21 .0

20.0

20.0

19.0

19.0
90 DAY CD'S
18.0

17.0
16.0

16.0
COMMERCIAL
PAPER

15.0

15.0

14.0

14.0
CORPORATE
Aaa BONDS

13.0

12.0
11.0

1 1.0
MUNICI PAL
BONDSKX

10.0

10.0

9.0

2

16 30

13 27

FEB

13 27

10 24

B 22

5 19

3 17 31

14 28

II

25

9 23

MAR

0

6 20

NOV

DEC

FEB
1982

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MARCH 19.

1982
JAN.

FEB.

MAR.

1
8
15
22
29
5
12
19
26
5
12
19 *
26

90 DAY
CD'S
13.03
12.91
13.22
13.66
14.24
15. 1 1
15.40
15.66
14.03
13.99
13.92
14.39

PRIME
COMMERCIAL
PAPER ***
12.71
12.70
13.04
13.42
13.88
14.65
14.82
15.05
13.53
13.55
13.40
13.97

PRIME
BANKERS'
ACCEPTANCES
12.67
12.48
12.90
13.32
13.72
14.68
14.93
15.01
13.63
13.53
13.57
13.93

CORPORATE

Aaa BONDS

14.50
14.81
15.29
15.36
15.27
15.34
15.49
15.34
14.92
14.61
14.55
14.56

MAR

1982

CORPORATE
Baa BONDS

MUNICIPAL
BONDS **K
6

16.86
16.95
17. 12
17.14
17. 17
17. 18
17.28
17.29
16.98
16.84
16.74
16.83

13.30
13.36
13.44
13. 16
13.15
13. 13
13.09
12.96
12.70
12.53
12.53
N.A.

* AVERAGES OF RATES AVAILABLE.
#* BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS. THURSDAY DATA.
#»e« 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

PERCENT

22.0 r—

—

21.0

22.0
21.0

FEDERAL FUNDS RATE

20.0

18.0
3-MONTH
TREASURY BILL

17.0

5-YEAR
TREASURY SECURITIES
15.0

15.0

14.0

14.0

DISCOUNT
RATE

1 1 .0

10.0

I I I I
2

16 30

13 27

13 27

10 24

8 22

5 19

3

17 31

14 28 I I

AUG

25

9 23

SEP

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MARCH 19,

1982
JAN.

FEB.

MAR.

1
8
15
22
29
5
12
19
26
5
12
19 *
26

3-MONTH
TREASURY
BILL

FEDERAL
FUNDS K*
12.54
12.98
12.42
12.96
13.98
14.77
15.19
15.61
13.86
14.07
14.35
14.89

.

11.35
11.59
12.07
12.66
12.79
13.68
14.12
14.06
12.31
12.26
12.47
12.79

6-MONTH
TREASURY
B 1 LL
12.45
12.28
12.81
13. 10
13.53
13.85
13.93
14.36
12.70
12.79
12.06
12.96

1-YEAR
TREASURY
BILL
12.23
12.34
12.84
13.11
12.78
13.19
13.43
13.37
12.56
12.27
12.30
12.56

1982
1982

5-YEAR
TREASURY
SECUR1T1ES
14.04
14.46
14.79
14.81
14.52
14.73
14.91
14.58
14.02
13.76
13.82
14.05

LONG-TERM
TREASURY
SECUR1T1ES
13.69
14.07
14.27
14.28
14.50
14.01
j 3.29
13.43

* AVERAGES OF RATES AVAILABLE.

than date

*** NfcW IbSUE RATE

sHom-

TReIIu$ ^'^DSRlNSKicOuS!/R^Ufi.ARE C0MPUTED BY ™E FEDERAL RESERVE BANK 0F ST- L0UIS'


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
TOTAL CHECKABLE DEPOSITS^
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
330 ---------- 1---------- 1--------

_ FEB.

MAR.

BILLIONS OF DOLLARS
------------------------------ 330

320.6
317.8
318.7
316.4
319.7
319.5

I I I I I I I I
1

15 29

13 27

10 24

8 22

5 19

2

16 30 M 28

OCT
LATEST DATA PLOTTED WEEK ENDING: MARCH 10,

11

25

9 23

I I 1 I I I
3

JAN

NOV

6 20

17

LLLLJ

FEB

3 17 31

1982

1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE ,
3/11/81

6/10/81

8/12/81

4.0
3.9
3.5
4.2
5. 1
6.8
7. 1
6.2

1 . 1
1.0
2.7
4.2
6.7
7. 1
6.0

2.2
4.7
6.6
9.6
9.7
7.9

9/9/81

AVERAGE OF FOUR WEEKS ENDING:

10/7/81

11/11/81

12/9/81

1/13/82

10.6
14.2
13.3
10.0

17.2
15.0
10.4

16.0
9.6

3. !

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
8/12/81
9/ 9/81
10/ 7/81
11/11/81
12/ 9/81
1/13/82
2/10/82
3/10/82


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

5.2
7.5
11.1
10.9
8.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TOTAL TIME DEPOSITS!/
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
800 ---------- 1-----------,---------

BILLIONS OF DOLLARS
----------------- T“------ “] 800

BILLIONS
~ FEB.
772.3
774.6
774.9
781.2
782.6

7 21

4

JAN

FEB

18 4

18

MAR

1

15 29

APR

13

MAY

27

10 24 8 22

JUN

JUL
1981

LATEST DATA PLOTTED WEEK ENDING: MARCH 10,

5 IS

I I I I
2

16 30

14 28

II

25

AUG
1982

1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

3/11/81

6/10/81

8/12/81

9/9/81

10/7/81

11/11/81

12/9/81

12.8
13.0
1 1.9
1 1.3
10.5
9.3
9.5
10.2

15.7
13. 1
1 1.8
10.6
8.8
9. 1
10.2

9.6
8.8
7.7
5.9
6.8
8.4

6.6
5.8
4. 1
5.5
7.5

6.0
3.7
5.5
8.0

1.7
4.7
8. 1

5.0
9.4

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
8/12/8I
9/ 9/81
10/ 7/81
11/11/81
12/ 9/81
1/13/82
2/10/82
3/10/82


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10
SMALL TIME DEPOSITS^
COMMERCIAL BANK SAVINGS DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OF
_ ur CHANGE, AVERAGE ur
_ OF
- THE FOUR WEEKS ENDING
- MARCH 10, 1982 FROM
Z THE FOUR WEEKS ENDING:
—~ JAN. 13, 1982
18.0
Z DEC.
9, 1981
- NOV. 11, 1981
- OCT.
7, 1981
13.3
14.7
- SEP.
9, 1981
- JUN. 10, 1981
Z_ MAR. 11, 1981
18.9

BILLIONS OF DOLLARS
380

370

360
SMALL TIME DEPOSITS
350

340

BILLIONS
FEB.

360.6
361 :6
363.3
369! 0

ullLll
LATEST DATA PLOTTED WEEK ENDING: MARCH 10,

1982
BILLIONS OF DOLLARS
190

BILLIONS OF DOLLARS

BILLIONS
185

FEB.

180
MAR.
SAVINGS DEPOSITS

175

- COMPOUNDED ANNUAL RATES
Z_0F CHANGE. AVERAGE OF
- THE FOUR WEEKS ENDING
Z MARCH 10, 1982 FROM
THE FOUR WEEKS ENDING:
=
JAN.
Z
DEC.
—NOV.
Z
OCT.
- SEP.
- JUN.
Z
MAR.

13,
9,
11,
7,
9,
10,
11,

1982
1981
1981
1981
1981
1981
1981

160
155

5.9
7.3
" "

150
145

I I I I I I I 1 I 1 I 1 I .11.
JAN

FEB

I 1 11
JAN

MAR

LATEST DATA PLOTTED WEEK ENDING: MARCH 10,

FEB
1982

1982

1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN $100,000.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

FEB.

BILLIONS OF DOLLARS
4.0

10
1908

1900
— MAR.

JAN

FEB

LATEST DATA PLOTTED WEEK ENDING: MARCH 17, 1982

BUSINESS LOANS u
( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
204

200
196

192

-

BILLIONS OF DOLLARS
204

COMPOUNDED ANNUAL RA TES
OF CHANGE, AVERAGE 0 F
THE FOUR ^EEKS END IN
MARCH 10, 1982 FROM
THE FOUR WEEKS END IN G:

- JAN.
- DEC.
“ NOV.
“ OCT.
“SEP.
_ JUN.
_ MAR.

13,1982
9, 1981
11,1981
7, 1981
9, 1981
10,1981
1 1 , 1981

25.6
21 . 1
18.7
15. 1
14.4
16.6
16.8

““
~
A^/

—

r'

_
_

)
172

198

3
198,406
10
198,636
17
199,298
24
199,350
198,621
MAR. 3
10
198,801
1.11 1 1 1 1 1 1 1 1.1
1 I 1 1
FE8.

_/
>«.

168
5

mi a nag

1 l I

1 I I

7 21

4

JAN

FEB

1 I I

18 4

18

MAR

1 i 1 1
I

15 20

APR

1 1 1
IS 27

MAY

1 l 1,

mm

10 24

8 22

JUN

JUL
1981

LATEST DATA PLOTTED WEEK ENDING: MARCH 10,

a i
5 10

AUG

1 1 1 1
2

16 SO

SEP

1 1 1,

III

14 28 II

OCT

25

NOV

0 23

DEC

6 20

3

JAN

FEB
1982

17

I
“
“
,
f

3 17 SI

MAR

1982

1/ BUSINESS LOANS INCLUDE BANKERS* ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF 8750 MILLION OR MORE


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

172

168

12
LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
ILL IONS OF OOLLARS

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUS IEU

JILL IONS OF DOLLARS

BILLIONS

1981
LATEST DATA PLOTTED WEEK ENDING-. MARCH 10,

1982
1982

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF 1100,000 OR MORE.


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS