Full text of U.S. Financial Data : Week Ending: March 26, 1980

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

F//V/1 /VC/A L

&Trn

O AT A

Week ending: March 26, 1980

**£

library

iuV S 8

A new series called adjusted 5ank reserves will

henceforth be reported in this release (page 3). This new
series represents the component of the adjusted monetary
base that is held by commercial banks in the form of vault
cash and as member bank deposits at Federal Reserve Banks.
Adjusted bank reserves are calculated by subtracting the
seasonally adjusted currency component of the money stock
(currency held by the nonbank public) from the seasonally
adjusted monetary base. The resulting adjusted bank reserve
series, like the adjusted monetary base, incorporates the
reserve adjustment magnitude (RAM)-an adjustment for
changes in reserve requirement ratios.
Growth of adjusted bank reserves is a significant
factor constraining the growth of bank deposits. Changes in
the growth of demand and other checkable deposits—the
major components of MIA and MIB-tend to move with
changes in the growth of adjusted bank reserves. Growth of
MIA and M1B, therefore, is directly influenced by changes in
the growth of adjusted bank reserves.
Two additional series have been added to this
release. Along with the yield on corporate Aaa bonds, the
yield on Baa corporate bonds is now reported (page 6).
Beginning with this release, the five-year Treasury constant
maturity yield series replaces the yield on three- to five-year
Treasury securities (page 7). This new series, calculated by
the Treasury, is obtained by constructing a yield curve each
day based on the closing market bid yields and
terms-to-maturity of actively traded Treasury securities.
The yields-to-maturity are then read from the yield curve at
various fixed maturities. Using this technique, the five-year
Treasury yield reported in this release can be estimated even
if there are no currently outstanding Treasury issues with
exactly five years to maturity.


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

Prepared by Federal Reserve Bank of St. Louis
Released. March

28, 1980

2

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

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
160

BILLIONS
156.9
156.4
156.6
156.5
157.5
156.9

FEB

I I 1 I
2

FEB

MAR

16 50 13 27

11

25

8 22

5

19

3 17 31

14 28

12 26

7

9 23

16 30

APR
’■980

LATEST DATA PLOTTED WEEK ENDING: MARCH 26,

I9bu

THE ADJUSTED MONETARY BASE CONSISTS OF: (I) MEMBER BANK RESERVES AT ™E FEDERAL RESERVE
BANKS, (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND N THE VAULTS OF
COUJEftCIAL BANKS), AND (3) AN ADJUSTMENT FOR RESERVE REQUIREMENT RAT 10 CHANGES.
™E
MAJOR SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT
DATA t5FeCpnnuTED
BY THIS BANK.
A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE FROM
THIS BANK.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
3/28/79

6/27/79

8/29/79

9. 1
9.2
9.3
8.7
8.8
8.8
8.7
8.6

10.7
10.5
9.2
9.3
9.2
9. 1
8.9

9.9
8.0
8.4
8.5
8.4
8.2

9/26/79 10/24/79 11/28/79 12/26/79

1/23/80

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
8/29/79
9/26/79
10/24/79
11/28/79
12/26/79
1/23/80
2/27/80
3/26/80


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

7. 1
7.9
8.1
8.2
8.0

7.0
7.6
7.8
7.6

9.3
8.9
8.4

8.5
8.0

7.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED BANK RESERVES 1/
AVERAGES OF DAILY FIGURES
StASONALLY ADJUSTED

ILL IONS OF DOLLARS

BILLIONS OF DOLLARS
------- ---------- ------------ 52

BILLIONS
47.3
48.6

MAR.

47.9
48.5

7

21

FEB

7

21

MAR

4

IB

APR

2

16 30

MAY

13 27

JUN

!!

25

JUL

8

22

AUG

5

IB

SEP

3

17

OCT

31

NOV

DEC

FEB

MAR

1979
LATEST DATA PLOTTED WEEK ENDING. MARCH 19,

1980

■' ^^PR^^^*gKiE,^E.s?u^5!¥ciE^LgvB^RcN?ffA^^L,c IMeuBER BRI* RESERV«

ADJUSTED BANK RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
3/21/79

6/20/79

8/22/79

3.7
4.5
5.4
5.6
6.5
7.3
6.0
6.2

8.2
9.0
8.5
9.5
10. 1
8.0
8.0

10.3
9.0
10.3
11.1
8.0
8.0

9/19/79 10/17/79 11/21/79 12/19/79

I/16/BO

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
8/22/79
9/19/79
10/17/79
11/21/79
12/19/79
1/16/80
2/20/80
3/19/80


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

9. 1
10.8
1 1.7
7.8
7.9

10.3
11.6
7.0
7.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4

MONEY STOCK ( Ml A )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
385 ---------- ,---------- 1--------

BILLIONS OF DOLLARS
-------------------------------1 385

BILLIONS

_ FEB.
MAR.

376.3
377.5
374.6
374.6
376.2
375.0

2

FEB

MAR

16 30

13

JUN

APR

I I 1 1 I I 1

I I I I I I

I I I I
27

II

25

22

5

19

3

17 31

14

28

NOV

JUL

LATEST DATA PLOTTED WEEK ENDING: MARCH 19,

12

26

2

9 23

16 30

DEC

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 BANKS AND OFFICIAL INSTITUTIONS.

MONEY STOCK ( MIA )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
3/21/79
6/20/79 8/22/79 9/19/79 10/17/79 11/21/79 12/19/79 1/16/80
TO THE AVEPAGE
OF FOUR WEEKS
ENDING:
8/22/79
9/19/79
10/17/79
11/21/79
12/19/79
1/16/80
2/20/80
3/19/80

9.6
9.2
8.5
8.0
7. 1
7.5
7.7
6.8


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

9. 1
7.9
7.2
6.0
6.8
7. 1
6.0

5.5
5.3
3.9
5.4
6. 1
4.8

4.5
3.0
5.0
6.0
4.5

2.5
5.3
6.4
4.6

5.6
7.0
4.5

10.4
6.1

3.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( MlB )
AVERAGES OF DAILY FIGURES
atASUNALLY ADJUSTED

BILLIONS OF DOLLARS
400 --------- r-------- ,------- -

LLIONS OF DOLLARS

-1---------------------billions

MAR.

394. 1
391.1
391.4
393.3
391 .9

-LL.1 1 I 1.1
FEB

3

MAR

JUN

JUL

17 31

14 28

NOV

LATEST DATA PLOTTED WEEK ENDING: MARCH 19,

12 26

9 23

8 20

5

18

DEC

1980

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 (M1B)
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING-.
3/21/79
6/20/79 8/22/79 9/19/79 10/17/79 11/21/79 12/19/79 1/16/80
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
8/22/79
9/19/79
10/17/79
11/21/79
12/19/79
1/18/80
2/20/80
3/19/80

11.7
11.2
10.2
9.4
8.5
8.9
8.9
8.0


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

10.7
9. 1
8.0
6.9
7.8
7.9
6.9

6. 1
5.5
4.4
6. 1
6.5
5.4

4.3
3.3
5.6
6.2
5.0

2.9
6. 1
6.7
5. 1

7. 1
7.6
5.3

PREPARED 8Y FEDERAL RESERVE BANK OF ST.

5

LOUIS

400

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
-3 20.0

PERCENT
20.0 £•
19.5 |

-i|

19.5

-|

19.0

-§

18.5

-|

18.0

-|

17.5

-§j

17.0

-§

16.5

16.5

-f

16.0

16.0

—|

15.5

15.5

—|

15.0

—=

M.5

19.0

|

18.5

|

18.0

|

17.5

g

17.0

=

14.0

PRIME BANK
LOAN RATE

12.0
COMMERCIAL PAPER

11.0
90 DAY CD’S

CORPORATE

Aaa

BONDS

MUNICI PAL
BONDS**

nil ii-ii

Mil

1

AUG

SEP

OCT

NOV

DEC

JAN

15 29 14 28

FEB
MAR
1980

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING-. MARCH 28,

11

25

APR

1980

90 DAY
CD'S
1

8
15

22
29
7
14
21
28 *
4
1 1
18
25

PRIME
COMMERCIAL
PAPER *#*

PRIME
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONOS

MUNICIPAL
BONDS XX

13.36
13.43
13.59
14.93
15.45
16.87
17.71
17.82
17.78

13.01
13.01
13. 13
14.21
14.78
16. 17
16.92
17.00
16.88

13. 1 1
13. 13
13.33
14.65
15. 10
16.59
17.24
17.22
17.23

11.49
11.95
12.19
12.74
12.88
13.00
13.00
12.83
12.97

12.69
13. 1 1
13.41
13.82
14. 16
14.27
14.35
14.45
14.60

7.52
7.71
7.75
8.46
8.72
8.94
9.08
9.20
N. A.

!aABONDGBUYER*S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
%K* 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.

LOU IS

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
18.0 r=r

PERCENT
-=] 18.0

17.5

17.5
17.0

16.5

16.5
16.0

FEDERAL FUNDS RATE

15.0

11.5
I 1.0
10.5

10.5
10.0

DISCOUNT
_ RATE
_
5-YEAR
TREASURY SECURITIES
THREE-MONTH TREASURY
BILL MARKET YIELD

2 16

2

16 30

13 27

1

25

0 22

6 20

3

17 31

14 28 12 26

SEP

9 23

7 21

1

15 29

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MARCH 28.

MAR.

APR.

25

1980

FEDERAL
FUNDS Men

1980

FEB.

14 28 I I

OCT

1
8
15
22
29
7
14
21
28 *
4
1 1
18
25

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL xxk

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

13.54
12.80
13.64
14.87
14.62
16. 17
16.45
16.24
17.78

12. 15
12.05
12.36
13.38
13.78
15.37
15.32
14.76
15.75

11.85
11.99
12.26
13.01
13.63
14.79
14.96
14.95
15.70

11.23
11.51
11.91
13. 12
13.53
13.94
13.92
13.89
14.45

11.15
11.68
11.99
13.22
13.76
13.65
13.22
13.21
13.97

11.01
11.51
11.76
12.53
12.49
12.41
12.11
12.06
12.56

* AVERAGES OF RATES AVAILABLE.
** SEVEN-DAY AVERAGES FOR WEEK END ING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE.
*** NEW ISSUE RATE
RATES ON LONG-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

8

SAVINGS PLUS SMALL TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
450

BILLIONS
“ FEB
MAR.

440. I
440.4
441 .0
440.5
441 .5
441.7

440

435

410

405

I I I I

I I I I

2 16 30 13 27 II 25
JUN
JUL

8 22

5 10

3 17 31 14 28 12 26
NOV

9 23

6 20

5 19

DEC

1980
LATEST DATA PLOTTED WEEK ENDING: MARCH 19,

1980

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN *100,000.

SAVINGS PLUS SMALL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
3/21/79

6/20/79

8/22/79

1 1.5
1 1 .0
10.2
9.8
9.6
9.2
9.3
8.9

1 1 .0
9.6
9.2
8.8
8.4
8.6
8.2

6.6
7. 1
7. 1
6.8
7.4
7.0

9/19/79 10/17/79 11/21/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
8/22/79
9/19/79
10/17/79
11/21/79
12/19/79
1/16/80
2/20/80
3/19/80


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

6.5
6.7
6.4
7.2
6.9

7.5
6.9
7.7
7.2

6.3
7.7
7.0

8.0
7.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

DEMAND DEPOSIT COMPONENT OF MONEY STOCK (MIA)

M R.

26 3.3
26 3.3
26 5.2
26 5.9
26 r. 5
26 5.9

12
IS

II

1

1

275

i
1

-

----

12
2C
27

1

FEB.

„

jT T T T

-

R(I, lrtKie

Y~

aiJ- 1 ONS

ism

i
280

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

II

BILLIONS OF DOLLARS
285 1

M M

1111

A
k

r-------/V y

'T ill

.

A

/

II II IN I

1111

r “A
77-

255

/
-

Aw
250

5| 1 1

_LLL

iil

J 1J 1

111

111 _U_1 1

111

1 II i

111

1 11

-LLLL J_i_L -LLL -LL11.1

JUL
AUG
1979
LATEST DATA PLOTTED WEEK ENDING; MARCH 19.

SEP

OCT

NOV

DEC

FEB
MAR
1980

JUN

1980

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

DEMAND DEPOSIT COMPONENT OF MONEY STOCK ( Ml A )
COMPOUNDED ANNUAL RATES OF CHANGE,
3/21/79

6/20/79

8/22/79

9. 1
8.4
7.5
7. 1
6.2
6.8
6.9
5.7

7.8
6.4
6.0
4.8
5.8
6. 1
4.6

3.3
3.7
2.5
4.3
5.0
3.3

AVERAGE OF FOUR WEEKS ENDING:

9/19/79 10/17/79 11/21/79 12/19/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
8/22/79
9/19/79
10/17/79
11/21/79
12/19/79
1/16/80
2/20/80
3/19/80


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

3.3
1.8
4.3
5.1
3.1

1.8
5.0
5.8
3.3

2.9

4.3

1/16/80

0.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

MULTIPLIER 1/
CURRENCY OF MONEY STOCK MEASURES 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO

RAT 10

MULTIPLIER

RATIO

LATEST DATA PLOTTED WEEK ENDING: MARCH 26,

I960

BILLIONS OF DOLLARS
----- ---------- ------------ 1 10

BILLIONS OF DOLLARS
110

---------- 1---------- 1-------COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
the four

Weeks ending

MARCH 19, 1980 FROM
THE FOUR WEEKS ENDING:

JAN, 16,
DEC. 19,
NOV. 21,
OCT. 17,
SEP. 19,
JUN. 20,
MAR. 21,

I960
1979
1979
1979
1979
1979
1979

CURRENCY

10. 7
10,6
8.6
8.0
8.2
9.6
9.7

1980
FEB.

BILLIONS

1

MAR.
I I I I I I 1 I 1 I I I 1 I I I 1
I I I I

16 30

FEB

MAR

13 27

JUN

II

25

8 22

5

18

3

17 31

14 2B

NOV

JUL

12 28

8 23

6

20

5

18

DEC

LATEST DATA PLOTTED WEEK ENDING: MARCH 19, 1980
1/ RATIO OF MONEY STOCK I Ml A I / 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

BORROWINGS FROM FEDERAL RESERVE BANKS
ALL MEMBER BANKS IN TFHE NATION
BILLIONS OF DOLLARS
4.5
—
_------- 1--------- 1
“ '980 MILLION a
= FEB. 20
27
-MAR. 5
12

r

2660

26

2.0

E

I .5

E

1.0

—

V

z
111

J 11

111

FEB

0

E

r—

i

MAR

.jL
/

V

i_
_
AA

E
2.0

A

Z

\rJ T
y—

z

■vx

■v—

APR

1111

z
z

A

A

\\

2.5

0.5

billions:

2194
2057
2508
3439

Z

AVERAGES OF DAILY FIGURES

111

111

ii

11

111

1111

111

OCT

NOV

111

14 28 12 26

JUL
AUG
SEP
1979
LATEST DATA PLOTTED WEEK ENDING: MARCH 26. I960

III!

DEC

in
6 20

1.5
1.0

z
mi

Mil

10

2

FEB
MAR
1980

16 30

APR

BUSINESS LOANS
(COMMERCIAL AND INDUSTRIAL )

BILLIONS OF DOLLARS
164

160
158
156
154
152

1
_ COMPOUNDED ANNUAL RA TES
OF CHANGE. AVERAGE 0
THE FOUR WEEKS END IN G
“MARCH 19, I960 FROM
2_THE FOUR WEEKS END IN G:
—
_
_
_
_

JAN.
DEC.
NOV.
OCT.
SEP.
JUN.

_ —

150
148

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

16,
19,
21 .
17,
19,
20,

’

1980
1979
1979
1979
1979
1979

A

-

/

17.3
22.3
16.2
H.6
11.7
16.5

'

-

156
:

-

’

_

-

154
152

150

146
144 142

-

•

140
138
136
134
132

0

FEB. 13
20
27
— MAR. 5
12
19

V
5111
' 41
FEB

MILLIONS

198C

-

-J11
' <1
MAR

-LLL

« 18
APR

1 1 1 1 ..! L.1 III
1 1 1 1
1 1 1
2 16 30 13 27 11 25
8 22 5 IB
MAY
JUN
JUL
AUG
SEP
1979

11 1 1
I 1 1
1 1 1
3 17 31 14 28 12 2
OCT
NOV
DEC

_ 140

160,921
161,580
160,032
160,284
160,805
161,024

-

Mill
B 23
JAN

6 20 5 IB
FEB
MAR
1980

2 |6 30
APR

LATEST DATA PLOTTED WEEK ENDING: MARCH 19, 1980


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

138
136
134
132

I .

12
LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
BILLIONS OF DOLLARS

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS
196
194
192

184
182

1979
LATEST DATA PLOTTED WEEK ENDING: MARCH 19.

1980

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF *100,000 OR MORE.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

«