Full text of U.S. Financial Data : Week Ending: May 31, 1972

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

RESEARCH LIBRARY
Federal Reserve Bank
of St. Louis

Week ending: May 31, 1972

AUG 2 7 1998
U. S. Financial Data

Beginning this week, a new reserve aggregate series
entitled "Reserves Available to Support Private Nonbank Deposits"
is reported on page 3 of this release. This series is defined
as reserves required for private demand deposits, total time
and savings deposits, and nondeposit sources subject to reserve
requirements plus excess reserves. This new series differs from
the previously reported total member bank reserves* series pri­
marily by the exclusion of reserves required to support U. S.
Government and interbank deposits.
This new series, according to the "Record of Policy
Actions" for the February meeting, was adopted by the Federal
Open Market Committee for stating its reserve objectives. The
February Policy Record states, "[t]his measure was considered
preferable to total reserves because short-run fluctuations in
Government and interbank deposits are sometimes large and diffi­
cult to predict and usually are not of major significance for
policy." Furthermore, the Policy Record states, "[i]t was
deemed appropriate for System open market operations normally
to accommodate such changes in Government and interbank deposits."
The new reserve series as well as other reserve aggre­
gates have increased at more rapid rates in the past five months
than during the previous five. Reserves available for private
deposits have increased at a 10.1 percent annual rate in the past
five months, after increasing at a 4.2 percent rate in the previous
five months. Total reserves and the monetary base have risen at
rates of 13.4 percent and 11.3 percent, respectively, in the past
five months, compared with rates of 4.7 percent and 3.7 percent
in the previous five months.
Reflecting the growth pattern of the reserve aggregates,
the money stock has expanded at a 7.8 percent annual rate in the
past five months, after little change in the previous five months.
For comparison, money grew at a 5.9 percent trend rate from late
1966 to late 1971.

*


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

Data for the total reserves series can still be obtained from
Board of Governors' H.9 release.

Prepared by Federal Reserve Bank of St. Louis
Released: June 2,1972

•DNETARY BASE I'
MULTIPLIER 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OFCHANGE, AVERAGE OF
THE FOUR *EEKS ENDING
MAY 31, 1972 FROM
_
THE FOUR WEEKS ENDING,

_

MAR, 29, 1972
MAR.
I, 1972
FEB. 2, 1972
DEC. 29, 1971
DEC.
1, 1971
NOV
-

11.4
11.7
9.8
11.3
9.6
g 7
7.8

MONETARY BASE
“

3IZ MILLIONS
APR.

Z

1.1 .1 llll

LATEST DATA PLOTTED WEEK ENDING, MAY 31, 1972
RATIO
2.9

RATIO
2.9

2.8

2.8
MULTI PLIER

2.7

2.7

2.6

2.6

2.5

2.5

/

RATIC

1in
APR ' if

2.4

.1.1.1

1 1 1

7 21

5

19

APR

MAY

llll ..111 ■ 11.1. llll

2

16 30

JUN

14

JUL

2* II

25 9 22

AUG
1971

SEP

1 l-L

10
17
24
1 1 1 1

JJJjJ
1 1171 —L1..1
1 1 1 1 ill.l
1 15 29 12 26
9 23
8 22 5

6 20

S

OCT

NOV

DEC

JAN

FEB

MAR

19

APR
1972

•

2.543
2.536
2.543
2.543
2.518
1 1 1 1 1 1 1 I**
3

17

MAY

31

2.4

H 20

JUN

LATEST DATA PLOTTED WEEK ENDING, MAY 24, 1972
1/ USES OF 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.
2/ RATIO OF MONEY STOCK ( Ml ) / MONETARY BASE.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

'

•serves available m support
PRIVATE NONBANK DTPOS I TS 1/

3

ALL MEMBER BANKS

FEDERAL RESERVE CREDIT*/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
31.0
30.5
30.0

BILLIONS OF DOLLARS
31 .0

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF _
the four Weeks ending
MAY ^
31,
1 I 1972
1 WEEKS
t FROM
rnyw
THE FOUR
ENDING

30.5
30.0

MAR. 29

29.5

— DEC. 29
RESERVES
SEP. 29

29.0
26.5
28.0

1312.
APR.

BILLIONS

21

27.5

27.0

27.0
lllLl

0

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
MAY 31, 1972 FROM
FEDERAL RESERVE CREDIT
1972
1972

10.2
-- SEP

1312

MILLIONS

APR. 2i
— 70
1
7 21

5 19

APR

MAY

2

16 30 14 28

JUL

II

AUG

2S

8 22

6 20

3

17

OCT

NOV

79

JJ. 1.1. i I I I II
1

13 29 12 26

JAN

9 23

8 22

5

IS

3 17 31

14 28

FEB

LATEST DATA PLOTTED WEEK END1N6i MAY 31, 1972
1/ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.9 RELEASE.
2/ DEFINED TO INCLUDE HOLDINGS OF SECURITIES, LOANS, FLOAT AND **OTHER" ASSETS, ADJUSTED FOR
RESERVE REQUIREMENT CHANGES AND CHANGES IN REQUIREMENTS DUE TO SHIFTS IN DEP&SITS AMONG
CLASSES OF BANKS.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

DEMAND DEPOSIT COMPONENT OF MONET STOCK
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF

dollars

BILLIONS
180.A
181.0
180. 1
182.3
180.7

S

APR

IS

2

16 30

M 28

11

25

8 22

MAY

8 20

3

OCT

NOV

17

1

15 29

12 26

JAN

9 23

8 22

5

19

3

17 31

H 28

FEB

1971

1972

LATEST DATA PLOTTED WEEK ENDINGi MAY 24. 1972
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.

COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
5/26/71

9/22/71 10/27/71 11/24/71 12/22/71

1/26/72

2/23/72

3/22/72

10.9
7.4

4.9

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/27/71
11/24/71
12/22/71
1/26/72
2/23/72
3/22/72
4/26/72
5/24/72

3.6
2.7
2.5
2.6
3.6
4.5
5.0
4.6

-1.3
-0.5
0.5
2.7
4.3
5.0
4.4

-0.4
0.9

3.7
5.4
6. 1
5.3

2.3
5.6
7.3
7.7
6.5

7.5
9.2
9. 1
7.4

13.2
11.6
8.8

:

__________________


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5
MONEY STOCK

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
240

BILL IONS

234.5
235.2
235

234.5
236.7
235.2

230

225

11 »L.i“v'66
l i
rv uw
DECEMBER
TO iDECEMBER
'71

220

215

7 21

APR

5 19
MAY

2

10 30 14 28

II

25

8 22

6 20

3

OCT

NOV

17

I

15 29

12 26

JAN

9 23

8 22

5 19

3

17 31

14 28

FEB

LATEST DATA PLOTTED WEEK ENDING. MAY 24, 1972
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.

COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
5/26/71
9/22/71 10/27/71 11/24/71 12/22/71
1/26/72 2/23/72 3/22/72
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/27/71
11/24/71
12/22/71
1/26/72
2/23/72
3/22/72
4/26/72
5/24/72

4.4
3.4
3.3
3.3
4.3
5.0
5.4
5.2

-0.5
0.4
1.3
3.4
4.6
5.4
5.0

0.3
1.6
4.2
5.6
6.3
5.8

3. 1
6. 1
7.4
7.9
7.0

7.8
9. 1
9. 1
7.8

12.6
11.3
9. 1

10.4
7.8

6. 1

1


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

PREPARED BV FEDERAL RESERVE BANK OF ST. LOUIS

•Ime

6

deposits

ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
300 r=--- ----- ----

BILLIONS OF DOLLARS
-- ------ ----=1 300

TOTAL TIME DEPOSITS

NET TIME DEPOSITS K

5 19

APR

2

10 30

M 28

II

23

8 22

MAY

6 20

3

OCT

NOV

17

I

13 29

12 28

JAN

9 23

8 22

3 19

3

17 31

M 28

FEB
1972

LATEST DATA PLOTTED WEEK ENDING: MAY 24, 1972
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
K NET TIME DEPOSITS ARE DEFINED ASj SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT PLUS TIME
CERTIFICATES OF DEPOSIT OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN
DENOMINATIONS OF 8100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.

NET TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS END INGt
5/26/71

9/22/71 10/27/71 11/24/71 12/22/71

1Z26/72

2/23/72

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/27/71
11/24/71
12/22/71
1/26/72
2/23/72
3/22/72
4/26/72
5/24/72


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

8.5
9.4
10.3
12.5
12.9
13.0
12.4
12.5

13.7
14.4
17.7
17. 5
17.0
15.4
15.2

15.3
19.5
18.9
18.0
15.9
15.6

21.9
20.3
18.8
16. 1
15.8

22.2
19.7
16. 1
15.7

15.5
12.3
12.7

10.4
11.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

MONEY STOCK PLUS TIME DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
530 i=r--- ----- ----

BILLIONS OF DOLLARS
-- ------ ----=1 530

MONEY STOCK PLUS TOTAL TIME DEPOSITS

MONEY STOCK PLUS NET

I

APR

MAY

JUN

JUL

AUG
SEP
OCT NOV
1971
LATEST DATA PLOTTED WEEK ENOING. MAY 24, 1972

19 29

DEC

TIME flFPOS I TS

12 26

JAN

9 23

6 22

mm

5

19

3

17 31

M 26

FEB

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
** Ml is DEFINED AS, CURRENCY, DEMAND DEPOSITS PLUS NET TIME DEPOSITS (SEE PAGE 6).

MONEY STOCK PLUS NET TIME DEPOSITS ( M 2 1
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
5/26/71
9/22/71 10/27/71 11/24/71 12/22/71
1/26/72 2/23/72 3/22/72
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/27/71
11/24/71
12/22/71
1/26/72
2/23/72
3/22/72
4/26/72
5/24/72


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

6.4
6. 4
6.7
7.9
8.6
9.0
8.9
8.9

6.5
7.3
9.3
10.4
10.8
10.4
10. 1

7.6
10.3
11.4
11.7
11.1
10.7

12.3
13. 1
13. 1
12.0
11.4

14.9
14.4
12.6
11.8

14.1
11.8
10.9

10. 4
9.7

8.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

CERTIFICATES OF DEPOSIT F
LARGE COMMERCIAL BANKS
WEDNESDAY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

7 21

5 19

APR

MAY

2

16 30

M 28

JUL

11

25

8 22

AUG

LATEST DATA PLOTTED WEEK ENDING:

MAY

6 20

3

OCT

NOV

17

I

19 29 12 26

JAN

billions of

9 23

8 22

5

19

3

17 31

DOLLARS

H 28

FEB

24, 1972

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 1100,000 OR MORE BY LARGE
WEEKLY REPORTING COMMERCIAL BANKS.


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

MONEY AND TIME DEPOSIT DATA

1972
APR.

5
12
19
26
MAY
3
10
17
24
31
JUNE 7
14
21
28

CERTIFICATES
OF DEPOSIT

BILLIONS
NET TIME
DEPOS1TS K

33.4
34.2
35.0
35.4
35.6
36.0
36. 1
36.5

247.7
247.5
247.9
248.6
249.5
250. 1
250.8
251.3

M2 IK

482.8
482.3
482.4
483.8
484.2
484.6
487.5
486.5

* SEE FOOTNOTE PAGE 6.
KM SEE FOOTNOTE PAGE 7.
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9
MEMBER BANK DEPOSITS
SUBJECT TO RESERVE REQUIREMENTS
( CREDIT PROXY )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
395 i---- ---------

BILLIONS OF DOLLARS
-- ------ ----n 395

CREDIT PROXY ADJUSTED 1/

CREDIT PROXY

3

APR

19

2

16 30

M 23

II

25

MAY

8 22

6 20

3 17

OCT

NOV

I

15 29 12 26

JAN

9 23

8 22

5

19

3 17 31

M 28

FEB

LATEST DATA PLOTTED WEEK ENOINGi MAY 24, 1972

CURRENT DATA APPEAR IN THE BOARO OF GOVERNORS' H.9 RELEASE.
w ,l,N9LUgf?^MBE5 g*** deposits, bank-related commercial paper, EURODOLLAR BORROWINGS OF
U.S. BANKS, AND CERTAIN OTHER NONDEPOSIT SOURCES.

1912.

BILLIONS
CREDIT
CREDIT
PROXY
£BOXY ADJUSTED

APR.
MAY


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

19
26
3
10
17
24

371.7
373. 1
375.6
375.3
377.7
377.7

375.2
376.8
379.1
378.9
381.5
381.5

COMPOUNDED ANNUAL RATES OF CHANGE
AVERAGE OF THE FOUR WEEKS ENDING
MAY 24, 1972 FROM THE FOUR
WEEKS END INGi
CREDIT
CREDIT
PROXY
PROXY ADJUSTED
MAR.
FEB.
JAN.
DEC.
NOV.
OCT.
SEP.

22,
23,
26,
22,
24,
27,
22,

1972
1972
1972
1971
1971
1971
1971

15. 9
16. 5
13. 8
14. 0
14. 2
13. 7
12. 0

15.,6
16.,3
13., 4
13.,3
13.,0
12.,9
1 1 ..8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

IES
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PERCENT
-- 8.5

8.5 —

CORPORATE

Aaa

BONOS

MUNIC
BONDS**

ICIAL

PRIME COM!
LOAN RATE

DISCOUNT RATE

THREE-MONTH TREASURY
BILL MARKET YIELD

2

16 30 14 28

11

25

9 23

6 20

3 17

AUG

SEP

1

15 29

12 26

10 24

7 21

4

JAN

FEB

18

3

17 31

14 28

APR

12 26

9 23

MAY

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: JUNE 2, 1972

1972
APR.

7
M
21
28
MAY
5
12
19
26
JUNE 2 *
9
16
23
30

CORPORATE
Aaa BONOS

3-MONTH
TREASURY
BILLS

3-5 YEAR
GOVERNMENT
SECURITIES

LONG-TERM
GOVERNMENT
SECUR1T1ES

MUNICIPAL
BONDS *K

7.25
7.28
7.33
7.36
7.34
7.33
7.30
7.28
7.24

3.80
3.81
3.64
3.54
3.56
3.58
3.74
3.78
3.79

6.07
6.08
6.02
5.86
5.72
5.73
5.71
5.62
5.60

5.73
5.76
5.76
5.71
5.69
5.69
5.64
5.57
5.57

5.49
5.54
5.50
5.20
5.35
5.39
5.29
5. 19
N.A.

**AB0WGBUYER'SAAVERAGElliNDEX'0F 20 MUNICIPAL BONDS, THURSDAY DATA.
N.A. - NOT AVAILABLE


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

SELECTED SHORT-TERM

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDA'

PERCENT

PERCENT
-- 8.5

COMMERCIAL PAPER
4-T0-6 MONTH

FEDERAL FUNDS RATE

2

16 30 H 28

II

25

9 23

6 20

3

AUG

SEP

17

1

15 29

12 26

10 24

7

21

JAN

4

18

3

17 31

14 28

12 26

9 23

FEB

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENOINGt JUNE 2, 1972


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

1972
APR.

7

14
21
28
MAY
5
12
19
26
JUNE 2 IK
9
16
23
30

PRIME
COMMERC1AL
PAPER
4-6 MONTH

FEDERAL
FUNDS

PRIME
BANKERS'
ACCEPTANCES

90 DAY
CD'S MK

4.50
4.63
4.63
4.55
4.55
4.50
4.50
4.50
4.50

4.29
4.09
3.91
4.39
4.19
4.19
4.32
4.25
4.31

4.40
4.50
4.48
4.33
4.25
4.25
4.25
4. 25
4.25

4.39
4.56
4.68
4.60
4.49
4. 46
4.41
4.40
4.40

_

* AVERAGES OF RATES AVAILABLE. FEDERAL FUNOS LAST FIVE DAYS AVAILABLE
** DATA ARE SECONDARY MARKET RATES. WEEKLY AVERAGES ENDING WEDNESDAY TWO
DAYS EARLIER. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE.
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

12

BORROW I NC^ AND EXCESS RESERN^
ALL MEMBER BANKS

IN THE NATION

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
1.8

1.2

BORROWINGS

0.8

0.4

/ \ A
EXCESS RESERVES

-0.4

-0.4

-

0.8

-

0.8
NET FREE RESERVES

-

1.2

1.2

-

5 19

2

16 30 14 28 11

JUL

25

AUG

8 22

6 20

3 17

OCT

NOV

t

IS 29 12 26

JAN

9 23

B 22

5 19

3 17 31

14 28

FEB

LATEST DATA PLOTTED WEEK ENDINGi MAY 31, 1972


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

:------------- 1
'
1972
APR.

5
12
19
26
MAY
3
10
17
24
31
JUNE 7
14
21
28

MILLIONS
EXCESS
RESERVES
374
166
59
218
136
229
205
149
133

BORROWINGS
141
14
43
279
117
85
39
63
254

FREE
RESERVES
233
152
- 102
61
19
144
166
86
- 121

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

-1.6'