Full text of U.S. Financial Data : Week Ending: March 3, 1976

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

LA
Week ending: March 3r 1976

library

DEG 2 6 1979


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

The composition of liabilities at large commercial
banks has displayed a different pattern of change in the most
recent six months, compared to that displayed over the same
period one year ago. On a nonseasonally adjusted basis, demand
deposits have increased more than time deposits in the most
recent six months, whereas time deposits increased by a larger
amount than demand deposits in the same period one year ago. The
composition of time deposits has also shown a different pattern
of change. In the most recent six months, savings deposits have
increased by over $9 billion, compared to a $2 billion increase
in the same period one year ago. Part of this recent increase is
attributable to the fact that the maximum interest rate payable
on savings deposits (5 percent) has become relatively more
attractive, in comparison to other short-term interest rates.
For example, over the most recent six months rates on the
three-month Treasury bills have averaged only 56 basis points
above the ceiling rate on savings deposits, compared to an
average of more than 200 basis points over the same period a year
ago.
In contrast with the recent large increase in savings
deposits, negotiable certificates of deposit over $100,000
(large CDs) have decreased by about $8 billion since mid-August
1975.
.
'
Large commercial banks have continued to reduce their
borrowings from the Federal Reserve in the last six months, as
they had in the six months ended a year ago.
In contrast,
borrowings by these banks in the Federal funds market have
increased by over $6 billion in the most recent period, compared
to a $1.8 billion increase in the period a year ago.
Changes in Selected Liabilities
of Large Commercial Banks 1J
(millions of dollars)

Demand Deposits
Time Deposits
Savings
Large CDs
Other Time
Federal Funds Purchased
Borrowings from F.R.

—

8/28/74 2/

8/27/75 2/

to
2/26/75

to
2/25/76

$4,179
6,726
2,009
1,819
2,893
1,840
-1,926

$ 8,015
1,274
9,220
-8,089
143
6,095
96

Data are not seasonally adjusted.

2/ Data are changes in the average for the four weeks ended these
—
dates.
Prepared by Federal Reserve Bank of St. Louis
Released: March 5, 1976

MONETARY BASE

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
124

122

120

118

116

114

112

1

15 29 12 26 12 26

FEB

9 23

MAR

T 21

4 IS

MAY

JUN

2 16 90 13 27 10 24

AUG

S 22

5 19

9 17 31

SEP

14 26 11 25 10 24

JAN

1975
LATEST DATA PLOTTED WEEK ENDINGt MARCH 3,

FEB
1976

1976

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 J. 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.

COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDINGt
3/5/75

6/4/75

8/6/75

9/3/75

10/1/75

7.6
6.2
7.9
7.9
5.5
7.3

4.6
7.3
7.4
4.7
6.8

8.3
8. 1
4.6
7. 1

11/5/75

12/3/75 12/31/75

TO THE AVERAGE
OF FOUR WEEKS
ENDINGt
8/ 6/75
9/ 3/75
10/ 1/75
11/ 5/75
12/ 3/75
12/31/75
2/ 4/76
3/ 3/76

2


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

6.8
7.3
7.0
6.6
7.3
7.3
6.1
7. 1

9.0
8. 1
7.2
8.2
8.1
6.3
7.6

10.6
4.8
8.1

1.1
6.3

5.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MULTIPLIER v
FEDERAL RESERVE CREDIT*/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO

RATIO

2.8

2.8

2.7

2.7

MULT IP LIER .

2.6

2.6

2.5

2.5

2.4

2.4

2.3

-

12. jh.
JAN. n

nri li J

1*11

FEB.
2.2

is
is

11 i i

111

111

11 li

ML .111. INI

1 1 1

1 1 1

2.3

2.2

1:8

\
1
ill
1II1
L
llll
-Li IJ. 111. 1.1 1 L

LATEST DATA PLOTTED WEEK ENDING) FEBRUARY 25, 1976
BILLIONS OF DOLLARS
118

BILLIONS OF DOLLARS
COMPOUNDED ANNUAL RATES
— OF CHANGE, AVERAGE OF
_ THE FOUR WEEKS ENDING
MARCH 3, 1976 FROM
— THE FOUR WEEKS ENDING)
” DEC. 31, 1975
— DEC.
3, 1975
_ NOV.
5, 1975
OCT.
1, 1975
-----SEP.
3, 1975
— JUN.
4, 1975
MAR.
5, 1975

116
114

27.8
21.1
18.3
15.4
22.4
10.0
13.6

112

110

FEDERAL RESERVE CREDIT

106
106
104

laifi.

MILL LONS.

102

100
96

1

15 29 12 26 12 26

FEB

9 29

T 21

4 16

2

16 90 13 2T 10 24

AUG

MAR
1975

SEP

6 22

5 19

3 ir 31

14 26 11

JAN

25 10 24

FEB
1976

LATEST DATA PLOTTED WEEK ENDING) MARCH 3, 1976
1/ RATIO OF MONEY STOCK < Ml 1 / MONETARY BASE.
2/ DEFINED TO INCLUDE HOLDINGS OF SECURITIES, LOANS, FLOAT AND ’’OTHER” ASSETS, ADJUSTED
FOR RESERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSITS BETWEEN
BANKS WHERE DIFFERENT RESERVE REQUIREMENT RATIOS APPLY.
DATA ARE SEASONALLY ADJUSTED
BY THIS BANK.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

MONEY STOCK i i US NET TIME DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
----- T-------- ---------- =1 685

685 r----- ,---- ,-BILLIONS
669.3

ere. 9

I 19 » It M It M » ts
JAN
FEB
MAR
APR

7 II
MAY

4 IS

JUN

2 16 90 13 & 10 *4

JUL

AUG

t it

S 19

9 17 91

SEP

14 Z6 11

29 10 24

1975
LATEST DATA PLOTTED WEEK ENDINGs FEBRUARY 25, 1976
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.

MONEY STOCK PLUS NET TIME DEPOSITS (M2)
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS END INGi
2/26/75

5/28/75

7/23/75

8/27/75

5.7
5.2
6.8
6.2
6.7
8.0

4. 1
6.7
5.9
6.7
8.2

9/24/75 10/22/75 11/28/75

TO THE AVERAGE
OF FOUR WEEKS
END 1NGt
7/23/75
8/27/75
9/24/75
10/22/75
1t/26/75
12/24/75
1Z28/76
2/25/76

4


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

1 1.8
10.9
9.9
9.2
9.5
8.9
8.9
9.5

11.2
9.5
8.5
8.9
8.2
8.3
9.2

7.9
6.5
7.2
8.9

7.6
8.2
10.0

6.6
9.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK

AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILLIONS
295.3
296.6
297.2
295.9

1

13 29 12 28 12 26

FEB

9 23

MAR

7 21

4 1«

MAY

JUN

Z

16 30 13 ZT

AUG

LATEST DATA PLOTTED WEEK ENDING. FEBRUARY 25,

10 Z4

8 ZZ

3 19

3 17 31

14 Z8 11

JAN

SEP

ZS 10 24

FEB

1976

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.

COMPOUNDED ANNUAL RATES OF CHANGE,
2/26/75

5/28/75

7/23/75

8/27/75

8.7
8.3
7.4
6. 1
6.5
5.5
5. 1
5.3

8.3
6.7
4.9
5.7
4.4
4.0
4.4

4.2
2. 1
4.0
2.5
2.4
3. 1

-0.4
3.2
1 .5
1.5
2.5

AVERAGE OF FOUR WEEKS ENDINGt

9/24/75 10/22/75 11/26/75 12/24/75

TO THE AVERAGE
OF FOUR WEEKS
ENDING.
7/23/75
8/27/75
9/24/75
10/22/75
11/26/75
12/24/75
1/28/76
2/25/76


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

3.8
1.4
1.5
2.6

3.2
2.7
3.8

-0.8
1.8

4.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PERCENT
11.5

11.0
10.5

10.0
9.5
CORPORATE AAA BONDS

9.0
8.5

PRIME BANK
LOAN RATE

8.0
7.5

MUNICIPAL
BONDS**
7.0

6.5
6.0
COMMERCIAL PAPER
5.5
5.0
4.5
4.0

3 17 SI

M M II M II U

FEB

MAR

9 23

* 20

4 1*

I

IS 29 12 29 10 24

APR

7 21
NOV

SI*
DEC

2 I* 30 IS 27

FEB

12 2*

MAR

1975
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. MARCH 5,

1976

JAN.

FEB.

MAR.

2
9
16
23
30
6
13
20
27
5 X
12
19
26

1976

90 DAY
CD'S MK

PRIME
COMMERCIAL
PAPER
4-6 MONTH

PRIME
BANKERS'
ACCEPTANCES

Aaa bonds

CORPORATE

MUNICIPAL
BONDS «*

5.68
5.51
5.13
5.10
5.02
5.00
5.21
5.20
5.18
5.32

5.81
5.40
5.23
5.23
5.13
5.15
5.25
5.28
5.25
5.38

5.52
5.25
5.04
5.01
4.94
4.95
4.97
5.02
5.04
5.25

8.66
8.63
8.60
8.58
8.57
8.56
8.57
8.56
8.51
8.55

7.29
7.13
7.09
7.01
6.85
6.86
6.95
6.97
6.98
N. A.

* AVERAGES OF RATES AVAILABLE.
*« BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
3HBK SEVEN-DAY AVERAGES OF SECONDARY MARKET RATES FOR THE WEEK ENDING WEDNESDAY TWO DAYS
EARLIER THAN DATES SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE.
N.A. - NOT AVAILABLE

Digitized
6 for FRASER
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0

SELECTED SHORT-TERM

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
9.5 -----

PERCENT
----- 9.5

THREE
BILL
DISCOUNT RATE

FEDERAL FUNDS RATE

3.0

3.0

J_L

J_L

JAN

FEB

3 17 31

U_

_LL i_LL J_LL

M 2« M 21 11

MAR

23

APR

9 23

MAY

•20

A IS

JUN
JUL
1975

1

J_L

J_L

13 29 12 2S 10 24

AUG

SEP

OCT

J_L
7 21

NOV

i_L
3 19

DEC

2

J_L

16 30 13 27 12 2*

JAN

FEB
1976

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK EM>1NCt MARCH 5.

1976
JAN.

2
9
16
23
30
FEB.
6
13
20
27
MAR.
5 X
12
19
26

1B76

FEDERAL
FUNDS

3-MONTH
TREASURY
BILLS

1-YEAR
TREASURY
BILL

3-5 YEAR
GOVERNMENT
SECURITIES

LONG-TOM
GOVERNMENT
SECURITIES

5.18
5.12
4.76
4.81
4.80
4.82
4.73
4.70
4.80
4.95

5.19
5.07
4.84
4.78
4.72
4.90
4.85
4.87
4.90
5.22

5.77
5.58
5.41
5.37
5.32
5.45
5.47
5.58
5.62
5.97

7.28
7.20
7.14
7.18
7.16
7.16
7.17
7.20
7.18
7.36

7.05
6.96
6.90
6.93
6.94
6.93
6.96
6.94
6.88
6.95

* AVERAGES OF RATES AVAILABLE.
38* SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

NET TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
385

BILLIONS
380

374.0
376.2

375

379.4
380.4
381.0

370
365
360
355
350
345
340
335
330

1

15 29 12 26 12 26

FEB

9 23

MAR

7 21

4 18

MAY

JUN

2

16 30 13 27

AUG

10 24

8 22

S 19

3 17 31

14 28 11

JAN

SEP

1975

25 10 24

FEB
1976

LATEST DATA PLOTTED WEEK ENDING. FEBRUARY 25, 1976
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 6100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BAhXS.

NET TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING.
2/26/75

5/28/75

7/23/75

8/27/75

14.4
13. 1
12. 1
11.8
11.9
11.7
12.1
13.0

13.7
11.8
1 1.5
11.7
11.4
11.9
13.2

7.0
7.9
9. 1
9.2
10.3
12. 1

7.9
9.6
9.6
10.9
12.9

9/24/75 10/22/75 11/26/75 12/24/75

TO THE AVERAGE
OF FOUR WEEKS
ENDING.
7/23/75
8/27/75
9/24/75
10/22/75
11/26/75
12/24/75
1/28/76
2/25/76

8


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

11.3
10.8
12.0
14.2

11.2
12.7
15.2

12.8
16.3

19.4

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
230

221.1

222.0
222.4

222.8
220.8

225

220

215

210

1

15 29 12 26 12 26

FEB

9 23

T 21

4 18

16 30 19 2T 10 24

2

MAR

AUG

6 22

9 19

3 17 31

14

11

23 10 24

SEP

1975
LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 25.

1976

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

COMPOUNDED ANNUAL RATES OF CHANGE ,
2/26/75

5/28/75

7/23/75

8/27/75

8.6
7.7
7.0
5.4
5.8
4.4
4.0
4. 1

7.6
6.3
3.9
4.7
3.0
2,6
2.9

3.5
0.5
2.6
0.6
0.6
1.2

-1.7
2.0
-0.4
-0.2
0.6

AVERAGE OF FOUR WEEKS ENDING*

9/24/75 10/22/75 11/26/75 12/24/75

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
7/23/75
8/27/75
9/24/75
10/22/75
11/26/75
12/24/75
1/28/76
2/25/76


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

1.8
-1.3
-0.8
0.3

0.8
0.7
1.7

-3.3
-0.7

2.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

CERTIFICMES OF DEPOSIT
LARGE COMMERCIAL BANKS
WEDNESDAY FIGURES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

1

15 29 12 28 12 28
FEB
MAR

9 23

4 18
JUN

7 21
MAY

2 18 30 13 27 10 24

AUG

LATEST DATA PLOTTED WEEK ENDING. FEBRUARY 25,

8 22

BILLIONS OF DOLLARS

3 19

3 17 31

14 28 11

JAN

SEP

23 10 24

FEB

1976

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.8 RELEASE.

NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 8100,000 OR MORE BY LARGE
WEEKLY REPORTING COMMERCIAL BANKS.

10FRASER
Digitized for
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1976
JAN.

FEB.

MAR.

7
14
21
28
4
11
18
25
3
10
17
24
31

CERTIFICATES
CERTIFICATES
OF DEPOSIT
OF DEPOSIT
SEAS. ADJ.
NOT SEAS. ADJ.
81.6
79.4
77.8
76.6
75.3
73.9
72.9
72.0

61.9
79.9
78.6
77.4
76.7
75.8
75.4
74.8

PREPARED BY 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
7.5

ISIS.

MILLIONS

JAN. 28

1

15 29 12 20 12 20

FEB

9 25

7 21

4 16

2 10 50 15 27

10 24

0 22

5 19

3 17 31

MAR

14 26 11

JAN

LATEST DATA PLOTTED WEEK ENDING. MARCH 3,

25 10 24

FEB

1976

BUSINESS LOANS

( COMMERCIAL

INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

132

AND

BILLIONS OF DOLLARS
----- ---------- ------------- 132

----------------------- -----

JAN. 21
FEB.

4

mm
1

15 29 12 20 12 20

FEB

9 25

7 21

4

18

2

10 50 15 27 10 24

MAR

AUG

SEP

1975
LATEST DATA PLOTTED WEEK ENDING. FEBRUARY 25,

0 22

5 19

5 17 51

14 20 11

JAN

25 10 24

FEB
i976

1976

* LEVELS OF BUSINESS LOANS BEGINNING JANUARY 7 ARE NOT COMPARABLE TO PREVIOUS DATA

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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

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

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

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
550

540

530

520

CREDIT PROXY ADJUSTED

1/
510

500
CREDIT PROXY

BILLIONS
—
CREDIT
PROXY

515.3
513.8
513.9
516.4
517.0
515.5

506. 1
506.2
506.3
506.9

11 I I I I I I

I I I I
1

15 29 12 26 12 26

9 23

7 21

MAY

4

18

JUN

2

18 30 13 27

AUG

10 24

SEP

6 22

1975
LATEST DATA PLOTTED WEEK ENDING* FEBRUARY 2i ,

5 19

I I I 1 I
3 17 31

490

PROXY
ADJUSTED
460

-

I I II I
14 28 11

JAN

25

FEB
1976

10 24

1976

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* M.9 RELEASE.
1/ INCLUDES MEMBER BANK DEPOSITS, BANK-RELATED COMMERCIAL PAPER, EURODOLLAR BORROWINGS OF
U.S. BANKS, AND CERTAIN OTHER NONDEPOSIT SOURCES.

* DATA PRIOR TO JANUARY 7, 1976 HAVE BEEN REVISED BUT IS NOT AVAILABLE.
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

470