Full text of U.S. Financial Data : Week Ending: May 26, 1982

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

^//V/l /V£7//l L.

Week ending: May 26, 1982
UtBRAftY

JUN 2

jkB'ie growth of Ml and M2 has been stronger in the past four months than in
_the prcWous four months. The growth rates for Ml and M2 were 8.0 percent and 9.7
percent, respectively, for the four months ending in April, compared with 7.0
percent and 8.7 percent during the previous four months. Nevertheless, the growth
of these aggregates during the most recent four-month period is lower than for the
comparable period in 1981, when Ml grew at a 14.2 percent rate and M2 grew at
12.6 percent rata
Most of the recent growth in Ml is the result of an acceleration in the
growth of other checkable deposits. The growth of the currency component of the
monetary aggregates has remained fairly steady over the past two four-month
periods, while demand deposits have declined more rapidly during the past four
months.
The growth in M2 is marked by a substantial decline in the growth of money
market mutual funds and a significant increase in the growth of overnight RPs.
Overnight RPs are overnight purchases by customers of securities owned by
commercial banks, with the commercial bank's promise to repurchase them the next
day at a higher price. The difference between the buying and selling price is the
customer's interest. The growth of both savings deposits and small time deposits has
increased somewhat during the first four months of the year compared with the last
four months of 1981. This growth is, in part, due to the introduction of individual
retirement accounts (iRAs) in January of this year.
Changes in Selected Components of Ml and M2
(billions of dollars, seasonally adjusted)
Period
8/81 - 12/81
Currency
Demand deposits
Other checkable deposits 1!
Total savings deposits
Total small time deposits hi
Overnight RPs ■*/
Money market mutual funds

12/81 - 4/82

$ 2.4
-0.2
7.5
-7.3
23.9
-3.9
28.7

$ 3.2
-3.4
11.6
6.8
26.9
3.4
9.9

1/ ATS and NOW balances at all depository institutions, credit union share draft
balances and demand deposits at thrift institutions.
2/ Time deposits and RPs issued in amounts less than $100,000.
3/ Includes overnight and continuing contract RPs issued by commercial banks to
other than depository institutions and money market mutual funds (general
purpose and broker/dealert, not seasonally adjusted.
4/ General purpose and broker/dealer money market mutual fund balances, not
seasonally adjusted.

Prepared by Federal Reserve Bank of St. Louis
Released: May 28, 7982


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
178 ------------- .---------- 1------

APR.

APR

BILLIONS OF DOLLARS
------------------------------- 178

175.8
175.7
175.6
176.3
176.4

MAY

JUN

JUL

AUG
1981

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR
1982

LATEST DATA PLOTTED WEEK ENDING; MAY 26, 1982
THE ADJUSTED MONETARY BASE CONS I STS OF: ( 1 ) RESERVE ACCOUNTS OF FINANCIAL INSTI TUT IONS
AT FEDERAL RESERVE BANKS, 12) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND
IN THE VAULTS OF COMMERCIAL BANKS). AND (3) AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO
CHANGES.
THE MAJOR SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT.
DATA
ARE COMPUTED BY THIS BANK.
A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS
AVAILABLE FROM THIS BANK.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
5/27/81

8/26/81

1 .9
2.3
3.8
4.3
5.2
5.3
5.7
5.8

10/28/81

0.0
3. 1
4. 1
5.5
5.5
6. 1
6.2

AVERAGE OF FOUR WEEKS ENDING:

11/25/81

12/23/81

1/27/82

2/24/82

3/24/82

10.4
11.4
9.9
9.8
9.5

10.3
8.7
8.9
8.7

9.5
9.4
9.0

7.6
7.6

8.6

TO THE AVERAGE
OF FOUR WEEKS
END 1NG:
10/28/81
11/25/81
12/23/81
1/27/82
2/24/82
3/24/82
4/28/82
5/26/82


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

9.3
8.6
9.8
8.9
9.0
8.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

k

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
52 ------------- 1---------- 1--------

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

BILLIONS
APR.
49.6
48.8
48.9
49.4
49.0

I

15

29

13 27

10

24

8 22

5

19

2

16 30

LATEST DATA PLOTTED WEEK ENDING: MAY 19,

14

28

II

25

9

23

6 20

3

17

3

17

31

14

28

12

26

9 23

1982

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,

AVERAGE OF FOUR WEEKS ENDING:

5/20/81

8/19/81

10/21/81

11/18/81

12/16/81

-3.0
-1.7
1 . 1
1.3
3. 1
4.6
4.2
4.3

-8. 1
-1.9
-1 .0
2. 1
4.4
3.8
3.9

13.3
8.9
1 1.6
13.3
10.6
9.9

10.3
13.5
15.2
1 1.5
10.6

10.2
13.3
9.4
8.7

1/20/82

2/17/82

3/17/82

8.7
7.7

2.4

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/21/81
11/18/81
12/16/81
1/20/82
2/17/82
3/17/82
4/21/82
5/19/82


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

20.8
12.3
10.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK ( Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
470 r----------- T--------- 1—

BILLIONS OF DOLLARS
—---------- -----------n 470

gIULIONS
452.5
454.4
449. 1
450.2
452.8
451.5

AUG
1981

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING: MAY 19,

NOV

DEC

JAN

FEB

MAR

APR
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:

5/20/81

8/19/81

10/21/81

11/18/81

12/16/81

1/20/82

2/17/82

3/17/82

0.7
1.8
3.0
5.6
5.2
4.7
5.3
4.6

4.4
6.0
9.5
8.3
7.2
7.6
6.4

9.9
14.4
11.4
9.2
9.3
7.6

17.2
12.3
9.4
9.5
7.4

12.7
8.8
9.1
6.8

1 .2
4.5
2.6

5.5
2.8

3.9

TO THE AVERAGE
OF FOUR WEEKS
ENDING*.
10/21/81
11/18/81
12/16/81
1/20/82
2/17/82
3/17/82
4/21/82
5/19/82


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY MULTIPLIER 1/
CURRENCY COMPONENT OF MONEY STOCK v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED
— 2.9
RATIO
APR.

M

Ml MULTIPLIER

LATEST DATA PLOTTED WEEK ENDING: MAY 19,

1982

BILLIONS OF DOLLARS
130 ------------- 1---------- 1---------- 1------------1—

BILLIONS OF DOLLARS
130

-

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
___THE FOUR WEEKS END 1NG
19, 1982 FROM
_ THE FOUR WEEKS END 1NC

MAR .
----- FEB .
JAN .
DEC .
NOV .
AUG .
-----MAY

17,
17,
20,
16,
18,
19,

1982
1982
1982
1981
1981
1981

-

,

11.1
8.3
8.4
9.1
9.1
7.1

-

/

-

CURRE NCY
-

-

-

'

1982
APR.

-

MAY

7imi
1 1 1

1 1 1

XI II

111

.1 .i.i i

MAY

JUN

JUL

AUG
1981

SEP

111
30

APR

LATEST DATA PLOTTED WEEK ENDING: MAY 19,

14

in
28

OCT

II

NOV

.mi
25

9 23

DEC

111

1 1 1

6 20

3

JAN

FEB

17

8 LLI0N5

14
21
28
5
12
19

il:

------

9

27.4

_

111111111 XI 1 .1 1 1 1 1;
17 31

MAR

14

APR
1982

28

12 26

MAY

JUN

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

90 DAY CD'S

16.0
COMMERC
PAPER

15.0

15.0

14.0
CORPORATE
Aaa BONDS

13.0

13.0

12.0

12.0

1 l .0
MUNICIPAL
BONDS #*

10.0

10.0

9.0
I I I I
I

15

29

12

26

0

10 24

FEB
1981

MAR
1982

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING-. MAY 28, 1982

1982
APR.

2
9
16
23
30
MAY
7
14
21
28 ***
JUNE
4
1 1
18
25

90 DAY
CD'S
14.70
14.56
14.60
14.34
14.21
14.16
13.82
13.76
13.45

PRIME
COMMERC1AL
PAPER ***

PRIME
BANKERS’
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS **

14. 15
14.04
14. 10
13.81
13.69
13.65
13.32
13.23
12.93

14.22
14. 17
14.14
13.91
13.79
13.67
13.36
13.26
13.04

14.66
14.68
14.53
14.31
14.31
14.36
14.22
14.23
14.20

16.91
16.89
16.80
16.69
16.70
16.72
16.54
16.62
16.68

13. 13
12.99
12.54
12.29
11.97
12.04
12.04
11.96
N. A.

* AVERAGES OF RATES AVAILABLE.
** BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
*XM 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
22.0 r—

PERCENT

—i 22.0

21 .0

21 .0
FEDERAL FUNDS RATE

20.0

20.0

19.0
18.0
1
3-MONTH
-j—TREASURY BILL

17.0

16.0

5-YEAR
TREASURY SECURITIES

16.0

15.0

14.0

14.0

DISCOUNT
RATE

13.0

13.0

1 I .0

10.0

5

APR

MAY

JUN

JUL

AUG
1981

SEP

OCT

NOV

DEC

JAN

FEB

18

2

16 50

MAR
APR
1982

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MAY 28,

1982
APR.

2
9
16
23
30
MAY
7
14
21
28 *
JUNE
4
1 1
18
25

FEDERAL
FUNDS #*
14.99
15. 15
14.68
15.0!
14.72
15.53
14.97
14.67
13.70

3-MONTH
TREASURY
BILL
13.32
13. 10
12.77
12.39
12.42
12.54
12.38
11.90
11.55

6-MONTH
TREASURY
BILL ***
13.24
12.80
12.90
12.72
12.64
12.78
12.24
12. 19
11.68

1-YEAR
TREASURY
BILL
12.76
12.69
12.59
12.38
12.30
12.29
12.11
11.83
11.72

14

MAY

28

11

1982

5-YEAR
TREASURY
SECUR1T1ES
14.34
14.25
14.00
13.85
13.87
13.87
13.69
13.72
13.72

LONG-TERM
TREASURY
SECUR1T1ES
13.56
13.50
13.18
13.07
13.12
13. 10
12.96
13.04
13.06

* AVERAGES OF RATES AVAILABLE.
**
AVHUgii F°Rki1«l|EK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.15 RELEASE.
HOIOK NEW ISSUE RATE
RgguK
C0MRUTED BY THE FE0ERAL RESERVE BANK OF ST. LOUIS.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

25

JUN

8
TOTAL CHECKABLE DEPOSITSu
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
335 ------------- 1---------- 1----1982
_ APR.
_

APR

BILLIONS OF DOLLARS
------------------------------- 335

billions

322.3
323.8
317.7
319. I
321.5
319.6

MAY

JUN

JUL

AUG
1981

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING: MAY 19.

NOV

DEC

JAN

FEB

MAR

APR
1982

MAY

JUN

1982

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

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

5/20/81

8/19/81

10/21/81

11/18/81

12/16/81

-0.6
1.0
2.4
5.6
5.0
4.5
5.0
3.9

5. 1
6.7
10.8
9. 1
7.8
8.0
6.2

11.3
16.9
12.7
10. 1
9.9
7.3

19.8
13.3
9.9
9.8
6.8

13.9
9.3
9.3
5.9

1/20/82

2/17/82

3/17/82

5.0
0.6

1.1

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/21/81
11/18/81
12/16/81
1/20/82
2/17/82
3/17/82
4/21/82
5/19/82


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

-0.2
3.4
0.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TOTAL TIME DEPOSITS 1/
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
820 r------------1---------- -------

BILLIONS OF DOLLARS
---------------------------- in 820

BILLIONS
797.8
797.2
800.3
803.9
806.4
806.3

I I I I
1

15 29

13

27

10

24

8 22

5

19

AUG
1981

2

16 30

SEP

14

28

OCT

LATEST DATA PLOTTED WEEK ENDING: MAY 19,

II

25

NOV

9 23

DEC

6 20

3

JAN

FEB

17

MAR

APR
1982

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:

5/20/81

8/19/81

10/21/81

11/18/81

12/16/81

14. 1
13. 1
1 1.7
10.3
10.6
1 1.3
12.4
12.6

8.0
6.7
5.8
6.8
8.4
10.2
10.7

5. 1
4. 1
6. 1
8.5
10.9
11.4

2-7
5.7
8.7
1 1.6
12. 1

7.0
10.6
13.6
13.8

1/20/82

2/17/82

3/17/82

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/21/81
11/18/81
12/16/81
1/20/82
2/17/82
3/17/82
4/21/82
5/19/82


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

16.0
18.2
17.4

20.6
18.8

18.6

PREPARED BY FEDERAL RESERVE BANK OF ST.

9

LOUIS

10
SMALL TIME DEPOS I TS 1/
COMMERCIAL BANK SAVINGS DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

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

BILLIONS OF DOLLARS
---------------------------- -2 400

= COMPOUNDED ANNUAL RATES
-----OF CHANGE. AVERAGE OF
= THE FOUR WEEKS ENDING
- MAY 19, 1982 FROM
Z_ THE FOUR WEEKS ENDING:
Z
^

MAR. 17, 1982
™ 17,
1982
20, 1982
DEC. 16, 1981
NOV. 18, 1981
— AUG. 19, 1981
20, 1981
- MAY

28.3
27.9
24.6
____
16.3
19.5
21.4

SMALL TIME DEPOSITS

19fil
APR.

BILL. IONS

=

14

LL1 1 1 1 I I 1 I I I
LATEST DATA PLOTTED WEEK ENDING: MAY 19,

1982

BILLIONS OF DOLLARS
185 r----------- ----------- ------

BILLIONS OF DOLLARS
------ 1---------- 1---------- -n 185

iSfil
APR.

BILUONS

14

SAVINGS DEPOSITS

- COMPOUNDED ANNUAL RATES
— OF CHANGE AVERAGE OF
—

i», 1 sot rnuivi
THE FOUR WEEKS ENDING:

mm 1

= MAR.
= FEB.
—JAN.
= DEC.
Z NOV.
— AUG.
Z MAY
1

15

APR

29

17, 1982
17, 1982
20, 1982
16, 1981
18, 1981
19, 1981
20, 1981
1 1 I II I I
13

MAY

27

10 24

JUN

2.2
3.6
3.9
" '
-1.2

-6.7
I 1 I 1 I I I
8 22

JUL

5

19

AUG
1981

2

16 30

SEP

LATEST DATA PLOTTED WEEK ENDING: MAY 19,

14

28

OCT

11

NOV

25

9

23

DEC

20

JAN

3

17

FEB

3

17

MAR

31

14

APR
1982

28

12

MAY

26

9

23

JUN

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
5.0 r=---------- 1---------- 1-----1982

BILLIONS OF DOLLARS
---------------------------- =1 5.0

MILLIONS

APR. 21
1500
1120

1

IS 29

13

27

MAY

10 24

8 22

5

19

2

16 30

JUN

14

28

OCT

LATEST DATA PLOTTED WEEK ENDING: MAY 26,

II

25

20

NOV

JAN

3

17

3

17

31

FEB

14 28

APR

12

26

9 23

MAY

1982

BUSINESS LOANS 17

(COMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
StASUNALLY

BILLIONS OF DOLLARS

AU JUS 1 tU

BY

IHIS BANK

BILLIONS OF DOLLARS
------------------------------ 2,2

212 ------------ i--------- ,----“ COMPOUNDED ANNUAL RATES
Z_ OF CHANGE, AVERAGE OF
.
- THE FOUR WEEKS ENDING
- MAY 19, 1982 FROM
Z.THE FOUR WEEKS ENDING: .
I
_
_

MAR. 17,
FEB. 17,
JAN. 20,
DEC. 16,
NOV. 18,
AUG. 19,
MAY 20,

1982
1982
1982
1981
1981
1981
1981

23.6
____
21 .2
20.3
------17.5

MILLION?
APR. 14
204,520
204,322
207,023
207,911
I I I I
1

15 29

13 27

MAY

10

24

8 22

I I I I I I I I I I I I I I
5

19

2

16 30

JUN

LATEST DATA PLOTTED WEEK ENDING: MAY 19,

14

28

OCT

11

25

9 23

6 20

3

JAN

NOV

FEB

17

3

17 31

14 28

APR

12

26

9

23

MAY

1982

1/ BUSINESS LOANS INCLUDE BANKERS1 ACCEPTANCES AND COMMERCIAL PAPER.
2/ BANKS WITH DOMESTIC ASSETS OF 9750 MILLION OR MORE


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

12
LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

ILL IONS OF DOLLARS

ILL IONS OF DOLLARS
—----------- -------------i 270

ILL IONS
265

—APR.

LATEST DATA PLOTTED WEEK ENDING-. MAY 19,

1982

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


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Federal Reserve Bank of St. Louis

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS