Full text of U.S. Financial Data : Week Ending: May 13, 1970

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

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financiflL

drib

Week eftdmf: Hay 13, 1970
library

The money stock increased at a 5 per cent
annual rate from the four weeks ending February 4 to
the four weeks ending May 6, compared with about no
change from June to February (page 5). Money rose
at a 4 per cent rate in the first half of 1969, and
increased at an average 7 per cent rate in 1967 and
1968. Much of the recent rise in money was in the
currency component. Demand deposits, which determine
the basic trend of money, increased at a 3.9 per cent
rate from the four weeks ending February 4 to the
four weeks ending Kay 6 (page 4).
Federal Reserve credit and the monetary base,
which underlie private demand deposits and the money
stock, have also increased substantially, rising at an
8.9 per cent rate and 7.4 per cent rate, respectively,
in the past three months (page 2). Both measures grew
at about a 3 per cent rate in 1969.
Long-term interest rates have changed little
on balance since early in the year (page 10). The yield


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Federal Reserve Bank of St. Louis

on seasoned corporate Aaa bonds averaged about 8 per
cent in the first half of flay, up slightly from an
average of 7.90 per cent in early January. The high
level of long-term rates suggests a continued strong
demand for long-term funds, probably bolstered by
inflationary expectations.
Short-term interest rates rose in late
April and early May, following a period of decline
earlier in the year (pages 10 and 11). The yield on
three-month Treasury bills averaged 6.80 per cent in
the first half of May, following a yield of 6.16 per
cent in late March and 8.02 per cent in early January.
Yields on bankers' acceptances have risen from 7.19
per cent in late March to 8.13 per cent in the three
days ending May 13, but are below the early January
peak of 8.75 per cent. Yields on prime four-to-six
month commercial paper averaged 8.38 per cent in the
three days ending May 13, compared with about 9 per
cent in early January.

Prepared by Federal Reserve Bank of St. Louis

Released. May 15, 1970

MONETARY BASE LL
FEDERAL RESERVE CREDIT \2
Averages of Daily Figures

Billions of Dollars

2
Billions of Dollars

82

Seasonally adjusted by this bank1 L
_ Annual rates of change, average of
- four weeks ending May 13, 1970 from-~ four weeks ending:
Monetary
Base
Feb. 11, 19?0 + 7- y
_ Nov. 12. 1969 ft j

81

F.R.
Credit

Monetary. _
Base J—

Aug. 13, 1969 y7
May 14, 1969 +■ J-U

- Monetar y Base

80

79

1957-1969

'/3

7
78

77

68
~—
“
~
_

Uses of the monetary base are member bank
reserves and currency held by the public
and nonmember banks, adjusted for reserve
requirement changes and shifts in deposits.
For a description of the base see the August
1968 Review of this bank.

67
Federal Reserve Credit
66

F.R. Credit

65

64

63
----—

Latest data plotted week ending: May i3, 1970
1 1 t 1 1
2 16 30 14 23 11 25
8 22 5 19 5 19
June


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Federal Reserve Bank of St. Louis

Defined to include holdings of securities,
loans, float, and 'father" assets, adjusted
for reserve requirement changes and changes in
___ requirements due to shifts in deposits among
----- classes of banks.
1

1

9

1

1

23
July

»

1

6

20
Aug.

3 17
Sept.

1

15

29

12

26 10

24

7

21

4

18

4

18

62
1

15

29

13 27

10 24
June

8

22

^ 0

RtwdRVES
All Member Bonks in the Nation
Averages of Daily Figures

Billions of Dollars

Billions of Dollars

X- Seasonally Adjusted
30.0

_. Annual rates of change, average of four weeks _
■ending May 13, 1970 from four weeks ending:

30.0

H-----29.5

.Feb.
-Nov.
■Aug.
" May

11,
12,
13,
14,

1970
1969
1969
1969

- 1959-1969

29.5

-h^O
29.0

29.0
j

±==±:

28.5

28.5

TO

1— M
_L~U
28.0

28.0

—h

E 5-4-

44-

_J

-j~r

_U
27.5

27.5

TT

I

a
TO

27.0

rt

TT

4-4-

—

27.0

4-4-

q=

26.5

- --4

4+

Series adjusted by the Board of Governors
to reflect changes in reserve requirements.
For comparability, back data have been re­
vised due to the change in Regulation D effec­
tive July 31, 1969 requiring member banks to
include all "bills payable checks" and so-called
"London checks" as deposits subject to reserve .
requirements.

4- -

26.0

4-425.5

26.5

-L
f

—

5

TOTAL
T/reserves

TTlx- V

26.0

3.7 3.

(L

32/

25.5

m
Data exclude increase in required reserves of
about $400 million due to changes in Regulations
M and D effective Oct. 16, 1969.

25.0

24.5
Latest data plotted May 13, 1970
-I—I—J—1-1 A. 1 1 1 1 I I I I 1 1 1 I I
2 16 30 14 28
8 22 5 19
Hay
Apr.
Jan.
Feb.


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Federal Reserve Bank of St. Louis

11 25
June

9

23
July
1969

6 20
Aug.

Current data including required reserves
due to changes in Regulations M and D effective
October 16, 1969 appear in the Board's H. 9 release.
■ ■■'«'_i_i1
1 15 29 12 26 10 24 7 21 4 18
Oct.
Nov.
Dec.
Jan.
Feb.

25.0

"Hi

24.5
f

15 29 13 27 10 24
Apr.
May
June
1970

Prepared by Federal Reserve Bank .of St. Louis

8 22
July

DEMAND DEPOSIT COMPONENT OF MONEY STOCK
Averages of Daily Figures
Seasonally Adjusted

of Dollars

171
170

Billions of Dollars

Annual rates of change, average of four weeks
ending May 6, 1970 from four weeks ending:

169
168

Feb.
Nov.
Aug.
May

167
166
165

4,
5,
6,
7,

1970
1969
1969
1969

1957-1969

164
163
162
161
160
159
158
157
xr<£,y

156
155
154
153
152
151
150
149
148
147
146
145
144
143

Current data appear in the Board s H.6 release.

142
141

0

i • » i r i i I i
Latest data plotted week ending: May 6, 1970

I..1. M 11 I 1.1 II L L.l. .1 I I ) I I I I I I I .111 I I I
8

22
Jan.


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Federal Reserve Bank of St. Louis

5

19
Fev.

5

19
Mar.

2

16 30
Apr.

14 28
May

11 25 9 23
June
July
1969

6

20
Aug.

15

29

12 26

10 24

4

18

4 18
Mar.

1

15 29 13 27
Apr.
May
1970

Prepared by Federal Reserve Bank of St. Louis

10 24
June

8 22
July

tlll<
432
430
428
426
424

7

MONEY STOCK PLUS TIME DEPOSITS
Averages of Daily Figures
Seasonally Adjusted

i of Dollars

Billions of Dollars
432
430

Annual rates of change, average of four weeks,
ending May 6, 1970 from four weeks ending:

428

Feb. 4, 1970
Nov. 5, 1969

424

426

422

422

420

420
1957-1969

418

418

416

416

414

414

412

412

410

410

408

408

406

406

404

404

402

402

400

400

398

398

396

396

394

394

392

392

390

390

388

388

386

386

384

384

382

382

380

380

378

378

376
374
372
0

376

Current data appear in the Board's H.6 release
1 I I I I | I

I

I 1 "f

.Latest Data Plotted Week Ending: May 6, 1970
i i i i i i » i i i i i i i 11 i i i i i i 11 i i i i
22 5 19 5 19 2 16 30 14 28 11 25 9 23
an.
Feb.
Mar.
Apr.
May
June July
1969


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

374

r i r i t —t—r r -n“n

372

1,1.1
t 1 I,.1,1
6 20 3 17
Auc.

Sept.

1

.1-15L.lJ.Li
29 12
Oct.

26
Nov.

U

10 24
Dec.

7

.1

21
Jan.

111

4 18
Feb.

1.1.1 11111
15

4 18
Mar.

.1.1.1..L-1 1... i. .1..

29 13 27 10 2*
Apr.
May
June
1970

Prepared bv Federal Reserve Bank of St.

Tools

0

8

CERTIFICATES OF DEPOSIT H

Large Commercial Banks
Wednesday Figure*

Billions of Dollars

Billions of Dollars

Annual rates of change, data
not seasonally adjusted, average
of four weeks ending May 6, 1970
from four weeks ending;
.

Million* of Dollar*

j

U,oTj

Current and year ago data appear in the
Board's. H. 4. 2. release.
1 / Negotiable time certificates of deposit”
in denominations of $100, 000 or more.
_
1

I

I

I _1 I

I

1 I

1

1

1

I I

I

I

I II

I

I I

I

I

Latest data plotted: May 6, 1970
8

22
Jan.

5


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Federal Reserve Bank of St. Louis

19

5

19
Mar.

2

16 30 14 28
Apr.
May

11 25
June

9

23
July
1969

6 20
Aug.

3

17
Sept.

1

15 29

12

26 10 24

7

21

4

18

4

18

1

15

29

13

Prepared by Federal Reserve Bank of St. Louis

27 10 24
June

8

22

BUSINL
LOANS
Large Commercial Banks
Lll

is of Dollars

Billions of Dollars

Seasonally adjusted by this bank
88

86

Annual rates of change, average of four weeks
ending May 6, 1970 from four weeks ending:
Feb. 4, 1970
Nov. 5, 1969

84

82

80

78

76

74

72

WILLIOHS br DOLLARS
SEASONALLT

UNADJUSTED

ADJUSTED

70

68

66

0

Latest data plotted: May 6, 1970
I I I I I I I I I I I I i I I I I l i I


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

May

i » i i i i
25 9 23
June
July
1969

6 20
Aug.

3

17 1
Sept.

15 29

12 26

10 24

7

21 4

18

4

18

1

15

29 13

Jan.

Prepared by Federal Reserve Bank of St. Louis

27

10 24
June

8

22
Jul;

10

YIELDS ON SELECTED SECURITIES
Averages of Daily Rates Ended Friday

Per Cent
9.50

Per Cent
9.50

9.00
Prime Commercial
Loan Rate

8.50

8.50
- Corporate
Bonds
8.00

—«—■i.

7.50

1..I___L

Three-Month
Treasury Bill

Market'if ieli^

7.00

6.50
Lqng-Term /
T Government Bonds
6.00

6.00
Discount Rate r

5.50

5.50
3-Month
Treasury

3-5 Year

Long Term

Corporate

t.. a?
5.00

5.00

4.50

4.50

4.00

4.00

3.50

Latest data plotted are averages t>f rates available for the week ending: May 15, 1970
10 24

7

J—i t. i l l l 1 I l
21 7 21 4 18


http://fraser.stlouisfed.org /■ERAGES OF RATES AVAILABLE
Federal Reserve Bank of St. Louis

1 i I I l i i i
2 16 30 13 27 11 25
Tune
Jul v
1969

8

22

5 19
Sept.

3

17 31 14 28
Oct.
Nov.

12 26
Dec.

9

23
Jan.

6

20
Feb.

6 20 3
17
Mar. Apr.
1970

1

15 29 12 26
May
June

Prepared by Federal Reserve Bank of St. Ton! s

10 24
July

0

n

SELECTED SHORT-TERM INTEREST RATES
Averages of Daily Rates Ended Friday

Per Cent

Per Cent

10. 50

10.50

10.00

10.00

Federal Funds Kate

fl
9 00
Cc-n.L <rciai F uer
4-io-6 Month
8.50

Y-Jt
M-4-4-

« 00

. on

llO
19.0

i vine
r.^nyu rcial

Prime
■mkc r
■'i-t Month . Ac.ceds

Fadera1
Funds

90 Day

S-03
7 00
r.. i

ptan< e£

t.,00
Discount Rate
-

5; 50

La test data pio:red a *e

i—i
Tar..

c rages
16 50
Mav

available for the week end
13 "7 11 25
June July
1969

1 -L JLJl. 1 I_1_i_I
8 22 5 19
Aug.
Sept

f::

15, i9/0

12 2b
Mar.

♦AVERAGES 3F RATES AVAILABLE; FEDERAL FUNDS LAST FIVE DAYS AVAILABLE


** SOURCE: SALOMON BROTHERS AND HUTZLER
http://fraser.stlouisfed.org
cFr<wpA»v maditpT RATr ON Q0—DAY PRIMR CO1^
Federal Reserve Bank of St. Louis

Prepared bv Federal Reserve Rank of St. Lon

s 00

•
Millions of Dollars
3,200

*

T""i l i r
EXCESS
RESERVES

3,000

12

BORROWINGS AND EXCESS RESERVES _
All Member Banks in the Nation
Averages of Daily Figures

Minions of Dollars

III!" T'TT 1 I I
FREE
BORROWINGS RESERVES

3,000

2,800
2,600

2,600

2,200

2,200
2,000

1,800
Borrowings

1,600
1,400
1,200

Net Free Reserves
1,400
1,600

2,000
2,200
2,400
■2,600

2,600
2,800

Latest data plotted week ending: May 13, 1970

3,000

3,000


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

5

19

5

19
Mar.

2

16

30 14

28 11

25

9

23

3

17

1

15

29 12

26 10

24

1

15 29

13

7 10

24

June

June

1970
Prepared by Federal Reserve Bank of St. Louis

8

22
July