Full text of U.S. Financial Data : Week Ending: May 30, 1979

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Week ending: May 30, 1979
A source of funds to commercial banks which
has grown rapidly in recept years is Federal funds
l_JE3FRAF?'\£'urchased and securities sold under agreements to
repurchase.
The chart below plots the net amount of
funds made available to the banking system through
Federal
funds purchased and security
repurchase
agreements as of Report of Condition dates since June
1971. To reflect funds from nonbank sources, Federal
funds sold and securities purchased under agreements
to resell by all insured commercial banks are netted
out.
If Federal funds transactions and repurchase
agreements were strictly between commercial banks, net
Federal funds purchased plus net securities sold
subject to repurchase agreements would be zero. This
net amount, however, has grown rapidly in recent
years, which reflects an increased supply of funds
from nonbank sources. This nonbank source of funds
represented 4.6 percent of the total liabilities of
insured commercial banks on September 30, 1978, up
from only 0.9 percent on June 30, 1971.
For commercial banks which are members of
the Federal Reserve, one of the incentives to purchase
Federal funds from nonbank sources and to attract
funds through repurchase agreements is to minimize
their required reserves. Federal funds purchased and
securities sold under agreements to repurchase are
currently not subject to reserve requirements, whereas
deposits at member
banks
are subject to these
requirements.

Net Federal Funds Purchased*
Insured Commercial Banks

Billions of Dollars

Billions of Dollars

70

"*

60
50

40
30
20
10

0

1971

1972

1973

1974

1975

1976

1977

1978

1979

♦Federal funds purchased less Federal funds sold. Includes repurchase agreements.
Latest data plotted: September 1978
Prepared by Federal Reserve Bank of St. Louis


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

Prepared by Federal Reserve Bank of St. Louis
Released: June 1, 1979

2

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

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
152

BI.LL.IONS
145.2

APR.

145.5
145.3
145.7

142

140

138

I I I I
3

17 31

14

28

12

2fi

9 23

6 20

1

4

15 29

13 27

10 24

7

21

WAR
APR
1979

1978
LATEST DATA PLOTTED WEEK ENDING! MAY 30,

1979

THE ADJUSTED MONETARY BASE CONSISTS OF: ( 1 ) MEMBER BANK RESERVES AT THE FEDERAL RESERVE
BANKS, (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF
COMMERCIAL BANKS 1, 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,
5/31/78

8/30/78

10.3
9.7
9.2
8.9
8.5
8.0
8. 1
7.6

10.5
9.4
9.0
8.3
7.7
7.8
7.2

AVERAGE OF FOUR WEEKS ENDINGi

11/1/78 11/29/78 12/27/78

1/31/79

2/28/79

3/28/79

4.2
6.0
5.0

6.6
5.1

5.7

TO THE AVERAGE
OF FOUR WEEKS
ENDINGi
11/ 1/7B
11/29/78
12/27/78
1/31/79
2/28/79
3/28/79
5/ 2/79
5/30/79


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

6.2
6.7
6.2
5.7
6.3
5.7

6.7
6. 1
5.5
6.3
5.6

6.3
5.5
6.4
5.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

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

MULTIPLIER

APR.

2.516
2.522
2.500

2.507

11.1 1 I II I LU.1I J 1 1
LATEST DATA PLOTTED WEEK ENDING! MAY 23,

1979

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
130

COMPOUNDED ANNUAL RATES
----- OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
~
MAY 30, 1979 FROM
___ THE FOUR WEEKS ENDING.
-

MAR. 28
FEB. 28
----- JAN. 31
_ DEC. 27,

NOV.
----- AUG.
_ MAY

29,

ADJUSTED FEDERAL RESERVE CREDIT
126

1979
1979
124

1979
_____

1978

30, 1978
31, 1978

122

J.979
APR.

25

BILLIONS
126.3
126.0
126! 1
1 25! 9
126.9

I I I I

1 1 I I I 1 1 I I 1 1 1 I I 1 1

I I 1 I
I

15

29

13 27

1978
LATEST DATA PLOTTED WEEK ENDING: MAY 30,

10 24

7

21

1979
1979

1/ RATIO OF MONEY STOCK (Ml ) / ADJUSTED MONETARY BASE
2/ FEDERAL RESERVE CREDIT CONSISTS OF FEDERAL RESERVE HOLDINGS OF SECURITIES, LOANS, FLOAT
AND OTHER ASSETS.
ADJUSTED FEDERAL RESERVE CREDIT IS COMPUTED BY SUBTRACTING TREASURY
DEPOSITS AT FEDERAL RESERVE BANKS FROM THIS SERIES, AND ADJUSTING THE SERIES FOR RE­
SERVE REQUIREMENT RATIO CHANGES.
DATA ARE COMPUTED BY THIS BANK.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

114

112

4

MONEY STOCK PLUS NET TIME DEPOSITS (M2)
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

1979
APR.

BILLIONS OF DOLLARS
905

BILLIONS

900

890.9
892.6
891.8

895
890

892.9
885
860
875
870
865
860
855
850
845
840
835
830
825
820
-1.1.1 I
5

19

3

IT 31

14 28

12 26

9 23

1

13 29

13 27

10

24

7

0

21

1979
LATEST DATA PLOTTED WEEK ENDING: MAY 23,

1979

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS'

H.6 RELEASE.

MONEY STOCK PLUS NET TIME DEPOSITS (M2)
COMPOUNDED ANNUAL RATES OF CHANGE,
5/24/78

AVERAGE OF FOUR WEEKS ENDING:

8/23/78 10/25/78 11/22/78 12/20/78

1/24/79

2/21/79

2.2
6.0
6.3

8.2
7.9

3/21/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/25/78
11/22/78
12/20/78
1/24/79
2/21/79
3/21/79
4/25/79
5/23/79

9.9
9.2
8.3
7.2
6.5
6.2
6.8
6.9


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

8.6
7.3
5.7
5.0
4.7
5.8
6.0

3.9
2.6
2.3
2.4
4.3
4.7

1.6
1.5
1.9
4.2
4.6

0.9
1.6
4.5
5.0

10. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
375

BILLIONS
APR.

1

365.8
366.2

1979
LATEST DATA PLOTTED WEEK ENDING: MAY 23,

1979

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.

MONEY STOCK (Mi
COMPOUNDED ANNUAL RATES OF CHANGE,
5/24/78

AVERAGE OF FOUR WEEKS ENDING:

8/23/78 10/25/78 11/22/78 12/20/78

1/24/79

2/21/79

3/21/79

7.5
6.5

9.7

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/25/78
11/22/78
12/20/78
1/24/79
2/21/79
3/21/79
4/25/79
5/23/79

7.4
6.0
5.1
4.2
3.2
2.9
4.0
4.0


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

4.9
3.6
2.5
1.3
1 . 1
2.8
3.0

-0.7
-1.0
-1.9
-1.6
1.2
1.6

-1.0
-2.2
-1.8
1.6
2.1

-3.0
-2.2
2.1
2.5

-2.7
3.5
3.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
12.5

12.0

’RIME BANK
.OAN RATE

12.0
11.5

90 DAY CD'S!

1 1.0

11.0

10.5

10.5

10.0

10.0
9.5

9.0

CORPORATE AAA BONDS

8.5

8.0
COMMERCIAL PAPER
7.5

7.0

MUNICIPAL

6.5

6.0
5-5

3 IB

2 16 30 M 28 11

25

I I I I
6 22

6 20

3 IT

1.1. 1. 1
1 13 29 12 26

9 23

9 23

6 20
APR

4 18
MAY

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING, JUNE 1,

1979

1978

1979

90 DAY
CD' S *****

APR.

6
13
20
27
MAY
4
1 1
18
25
JUNE
1 *
8
15
22
29

9.99
10.09
10.27
9.94
9. 94
10.21
10.19
10. 19
10.08

PRIME
COMMERCIAL
PAPER
4-6 MONTH
9. 85
10.05
9.94
9.68
9. 91
10.00
10.03
9.98
9.90

PRIME
BANKERS’
ACCEPTANCES
9.90
10.05
9.90
9.75
9.99
10.04
10.00
9.94
9.91

CORPORATE
Aaa BONDS

MUNICIPAL
BONDS *8K
* ***

9.31
9.37
9.39
9.44
9.51
9.52
9.51
9.51
9.48

6.25
6.33
6.30
6.26
6.27
6.30
6.30
6.21
N.A.

* AVERAGES OF RATES AVAILABLE.
5*2* BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
*** SEVEN-DAY AVERAGES OF SECONDARY MARKET RATES FOR THE WEEK END ING WEDNESDAY TWO DAYS
u
EA^jIER TMAJ4 DATES SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE.
N.A.
NOT AVAILABLE
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS


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

0

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
11.0 i—

PERCENT

FEDERAL FUNDS RATE
10.0

DISCOUNT RATE

3-5 YEAR
TREASURY SECURITIES

THREE-MONTH TREASURY
BILL MARKET YIELD

3 19
MAY

APR

2 16 30 14 28 11 25 8 22
JUN
JUL
AUG
SEP

6 20
OCT

3 17
NOV

1 13 29 12 26 9 23
DEC
JAN
FEB

9 23 6 20 4 16
MAR
APR
MAY

1978

1979

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

1979
APR.

6
13
20

£1
MAY

4
11
18
25
JUNE
1 *
8
15
22
29

JUNE 1,

1979

FEDERAL
FUNDS**

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL W*W

1-YEAR
TREASURY
BILL

3-5 YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECUR1T1ES

9.95
9.93
9.96
10.09
10.22
10.25
10.25
10. 17
10.28

9.53
9.70
9.41
9.23
9.58
9.63
9.60
9.64
9.55

9.50
9.57
9.63
9.30
9.57
9.62
9.46
9.60
9.41

9.26
9.37
9.22
9.27
9.40
9.39
9.26
9. 14
9.00

9. 24
9.34
9.32
9.35
9.42
9.42
9.32
9. 14
9.05

8.97
9.02
9.03
9.09
9. 17
9.13
9.03
8.95

* AVERAGES OF RATES AVAILABLE.
** SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE.
wtuwn.
*» NEW ISSUE RATE

Mirjajawseffisriiis.*"carmn>


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

by the federal reserve

st- louis-

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8

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

BILLIONS OF DOLLARS

1979

530

— MAY

BILLIONS OF DOLLARS
540

BILL1ONS

535

525. 1
526.3
527.6

530

528.5
530.0

525

520

515

2 16 30 13 27
1978

1979

LATEST DATA PLOTTED WEEK ENDING: MAY 23,

1979

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 f100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.

NET TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
5/24/78

AVERAGE OF FOUR WEEKS ENDING.

8/23/78 10/25/78 11Z22/78 12/20/78

1/24/79

2/21/79

5.8
7.7
8. 1

8.7
8.9

3/21/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/25/78
11/22/78
12/20/78
1/24/79
2/21/79
3/21/79
4/25/79
5/23/79

11.8
11.5
10.6
9.3
8.9
8.7
8.9
8.9


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

1 1.5
9.9
8.0
7.7
7.4
7.9
8. 1

7.2
5.2
5.3
5.4
6.5
6.8

3.3
4.0
4.5
5.9
6.4

3.6
4.3
6. 1
6.7

10.2

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
275

billions

APR.

265.7
266. 1
263.8
263.7

5

18

3

17 31

14 2S

12 26

1978

1979

LATEST DATA PLOTTED WEEK ENDING: MAY 16,

1979

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

DEMAND DEPOSIT COMPONENT OF MONEY STOCK
COMPOUNDED ANNUAL RATES OF CHANGE,
3/17/78

AVERAGE OF FOUR WEEKS ENDING:

8/16/78 10/18/78 11/15/78 12/13/78

1/17/79

2/14/79

3/14/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/18/78
11/13/78
12/13/78
1/17/79
2/14/79
3/14/79
4/18/79
5/16/79

6.3
4.4
3. 4
2. 1
0.8
0.4
2.0
2.0


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

2.5
1.2
-0.4
-1.9
-2.1
0.4
0.7

-4.3
-4.7
-6.0
-5.5
-1.6
-1 .0

-4.3
-6. 1
-5.5
-0.8
-0.2

-7.4
-6.2
-0.3
0.3

-6.7
1.7
2.0

7.3
6.0

10.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

CURRENCY COMPONENT
OF MONEY STOCK
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

billions of dollars

billions of dollars

100.2
100.4

100.6
100.8

3 17 31

14 26 12 26

23

6 20

4 18

1

13 29 13 27 10 24

2

7 21

16 30 13 27

1 B79

1978

LATEST DATA PLOTTED WEEK ENDING: MAY 23, 1979
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.

CURRENCY
COMPOUNDED ANNUAL RATES OF CHANGE,
5/24/76

AVERAGE OF FOUR WEEKS ENDING.

8/23/78 10/25/78 11Z22/78 12/20/78

1Z24/79

2/21/79

8. 2
8.0
8.0

7.9

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/25/78
11/22/78
12/20/78
1/24/79
2/21/79
3/21/79
4/25/79
5/23/79

10.3
10.3
10.0
10.2
10.0
9.8
9.6
9.5


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

12.0
11.2
11.2
10.7
10.4
10.0
9.8

9.2
10.0
9.6
9.3
9. 0
8.8

10.0
9.4
9. 1
8.8
8.7

9.9
9.4
8.9
8.7

7.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
ALL MEMBER BANKS IN THE NATION
billions

of

AVERAGES OF DAILY FIGURES

dollars

1.373

billions

of

dollars

MILLIONS.

—APR. 25
1217
1758
1703
2290

5 19

3 17 31

14 28 12 26

9 23

6 20
SEP

4 16
OCT

LATEST DATA PLOTTED WEEK ENDING* MAY 30,

1

13 29 13 27 10 24

7 21

1979

BUSINESS LOANS
( COMMERCIAL AND
BILLIONS OF DOLLARS

INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

BILLIONS OF DOL.ARS

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
_ THE FOUR WEEKS ENDING
MAY 23, 1979 FROM
— THE FOUR WEEKS ENDING
” MAR. 21
FEB. 21,
— JAN. 24,
— DEC. 20,
_ NOV. 22,
AUG. 23,
— MAY 24,

1979
____
1979
1978
1978
1978
1978

142
140

27.9
20.3
21.5

138

20.2

136
134

128
126
124
122

APR. 16

12Q
140,780

I I I I I I I I I I I I I I I I
31

14 28 12 26

LATEST DATA PLOTTED WEEK ENDING* MAY 23,


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

2 16 30 13 27

9 23

1979
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

1 18

12
CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
WEDNESDAY FIGURES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

104

102
100

1978
LATEST DATA PLOTTED WEEK ENDING: MAY 23.

1979

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