Full text of U.S. Financial Data : Week Ending: November 18, 1981
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. * F//v/i/vc;/>qi_ f o/ir/i Week ending: November 18r 1981 tJB The composition of commercial bank savings and small time NOV deposftf'has changed during the past few months. The average level of savings deposits at commercial banks decreased by $9.5 billion from July to October, while the average level of small time deposits increased by $21.0 billion. Deposit shifts from passbook savings to small time deposits normally occur when market yields, to which ceiling rates on some categories of small time deposits are linked, are substantially above fixed passbook rates. However, the most recent shift in the composition of these deposits apparently has been stimulated by two actions of the Depository Institutions Deregulation Committee. On August 1, 1981, the interest rate "caps" on 30-month small savers certificates were removed, thus allowing the rate paid on small savers certificates to fluctuate with the rate on 30-month Treasury securities. On October 1, 1981, the tax-exempt All-Savers Certificate (ASC), a new class of small time deposits with a one-year maturity, was introduced. These actions have made the rates on small time deposits relatively more attractive than the passbook ceiling rate. The recent growth in small time deposits, coupled with a slowdown in the growth of business loans at large weekly reporting commercial banks, has made it unnecessary for banks to be as active in seeking additional loanable funds by issuing large negotiable certificates of deposit. Consequently, the average level of large time deposits at commercial banks increased by $5.3 billion from July to October, compared with an increase of $19.2 billion from April to July. Changes in Selected Categories of Commercial Bank Deposits (billions of dollars, seasonally adjusted) Savings deposits Period Small time deposits Large time deposits $-7.3 July - October $ 13.8 $ 19.2 -9.5 April - July 21.0 5.3 NEXT WEEK THIS RELEASE WILL NOT BE PUBLISHED DUE TO THE HOLIDAY Prepared by Federal Reserve Bank of St. Louis http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Released: November 20, 1981 1 ADJUSTED MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS 176 ---------- ,------------- I----- BILLIONS OF DOLLARS -------- ----------------------1 176 BILLIONS _ OCT _ 168.2 169.3 169.0 168.7 169.6 169.8 OCT NOV I960 JAN FEB MAR LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 18, JUN 1981 SEP OCT NOV 1981 THE ADJUSTED MONETARY BASE CONSISTS OF: ( I ) RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE BANKS, (2) 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, 11/19/80 AVERAGE OF FOUR WEEKS ENDING: 2/18/81 4/15/81 5/20/81 6/17/81 7/15/81 9. 1 7.7 6.8 7.5 6.5 5. 1 5.4 6.8 5.7 7.0 5.7 4.0 4.5 3.2 5.9 4.5 2.7 3.5 7.1 4.9 2.6 3.6 5.7 2.5 3.7 8/19/81 9/16/81 TO THE AVERAGE OF FOUR WEEKS ENDING: 4/15/81 5/20/81 6/17/81 7/15/81 8/19/81 9/16/81 10/21/81 11/18/81 4.0 5. 1 4.9 4.7 5.4 4.9 4.0 4.3 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - .7 1.2 1.7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS *• % ADJUSTED RESERVES AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 1981 BILLIONS OF DOLLARS BILLIONS 46.7 47.9 47.4 47.0 47.8 JAN FEB MAR 1980 LATEST DATA PLOTTED WEEK ENDING: NOVEMBER II, 1981 ADJUSTED 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, 11/12/80 AVERAGE OF FOUR WEEKS ENDING: 2/11/81 4/8/81 5/13/81 6/10/81 9.0 9.6 5.5 8.0 7.7 4.2 5.0 9.0 2.6 7.0 6.7 2.5 3.6 0.0 7.0 6.7 1.5 3.0 5.0 5.2 -0.6 1.5 7/8/81 8/12/81 9/9/81 TO THE AVERAGE OF FOUR WEEKS ENDING: 4/ 8/81 5/13/81 6/10/81 7/ 8/81 8/12/81 9/ 9/81 10/14/81 11/11/81 0.0 1.3 2.6 1.0 3.2 3.4 1.4 2.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13.0 2.4 4.4 -5.9 -0.8 -3.6 PREPARED BY FEDERAL RESERVE BANK OF ST. 3 LOUIS 4 MONEY STOCK ( Ml A ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 400 ---------- ------------- ------ BILLIONS OF DOLLARS -------- 1---------- 1---------- 400 362. I 361.8 362.0 358.3 360. 1 360.3 NOV. 15 OCT 29 12 NOV 1980 26 10 24 7 21 DEC JAN I FEB MAR 15 29 APR 13 27 MAY 10 24 8 22 5 JUN 1981 19 2 16 30 SEP 14 20 OCT II 25 NOV LATEST DATA PLOTTED WEEK ENDING-. NOVEMBER II, 1981 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. MIA 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) PLUS TRAVELER'S CHECKS OF NONBANK ISSUERS. MONEY STOCK (MIA) COMPOUNDED ANNUAL RATES OF CHANGE, 11/12/80 2/11/81 4/8/81 AVERAGE OF FOUR WEEKS ENDING: 5/13/81 6/10/81 -7.7 -5.0 -4.8 -4.0 -3.5 -1.7 -2.5 -2.1 -1.9 7/8/81 8/12/81 9/9/81 TO THE AVERAGE OF FOUR WEEKS ENDING: 4/ 8/81 5/13/81 6/10/81 7/ 8/81 8/12/81 9/ 9/81 10/14/81 11/11/81 -15.4 -12.2 -12.2 -11.1 -9.9 -9.3 -8.5 -7.9 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -3.3 -5.4 -5.0 -4.2 -4.2 -3.8 -3.4 -4.2 -3.9 -3.0 -3.2 -2.8 -2.6 -2.2 -1.8 -1.6 -2.5 -2.0 -1 .0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK ( MlB) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 455 BILLIONS “ OCT. 450 435.0 433.5 434.5 430.8 433.3 435.6 445 440 435 430 425 420 415 JAN FEB MAR MAY JUN OCT NOV 1980 LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 11, 1981 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. MlB CONSISTS OF MIA PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITARY INSTITUTIONS. MONEY STOCK ( Ml B ) COMPOUNDED ANNUAL RATES OF CHANGE, 11/12/80 AVERAGE OF FOUR WEEKS ENDING: 2/11/81 4/8/81 5/13/81 6/10/81 7/8/81 8/12/81 9/9/81 15.2 7.9 6.4 5.9 5.4 4.7 4.6 2.7 2.1 2.5 2.4 2. 1 2.3 -6.4 -2.7 -1.6 -1.0 -0.3 2.2 2.2 1.8 2.2 2.9 2.2 2.5 1.5 2.2 2.2 TO THE AVERAGE OF FOUR WEEKS ENDING: 4/ 8/81 5/13/81 6/10/81 7/ 8/81 8/12/81 9/ 9/81 10/14/81 11/11/81 5.6 7.7 4.7 4.2 4. 1 3.9 3.6 3.6 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 21 .0 20.0 19.0 90 DAY CD'S 18.0 17.0 17.0 16.0 COMMERCIAL PAPER 15.0 14.0 CORPORATE BONDS Aaa 13.0 12.0 12.0 1 1.0 1 1 .0 MUNICIPAL BONDS KK 10.0 10.0 9.0 8.0 5 19 3 IT 31 14 28 NOV 12 26 9 23 6 20 6 20 3 17 1 15 29 12 26 10 24 7 21 4 18 2 16 30 13 27 DEC 1980 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: NOVEMBER 20, 90 DAY CD'S 1981 SEP. OCT. NOV. 4 1 1 18 25 2 9 16 23 30 6 13 20 * 27 17.74 17.61 16.57 16.01 16.48 15.50 15.03 15.28 15.14 14. 13 12.77 12.04 PRIME COMMERC1AL PAPER *** 6K* 16.80 16.71 15.78 15.36 15.89 14.95 14.48 14.70 14.57 13.64 12.41 11.64 PRIME BANKERS' ACCEPTANCES 17.07 16.78 15.89 15.44 15.83 14.91 14.53 14.81 14.57 13.54 12.34 11.54 CORPORATE Aaa BONDS 15.50 15.61 15.30 15.35 15.85 15.40 15.18 15.36 15.51 14.88 14. 18 13.93 CORPORATE Baa BONDS 16.77 16.96 16.88 16.87 17.24 17.09 16.99 17.09 17. 19 16.87 16.41 16.25 1981 MUNICIPAL BONDS XX 13. 10 13.21 12.79 12.57 12.93 12.73 12.53 12.99 12.99 12.44 11.43 N. A. AVERAGES OF RATES AVAILABLE. ** BOND BUYER’S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA. **# 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 0 SELECTED INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY 22.0 21 .0 21 .0 FEDERAL FUNDS RATE 20.0 20.0 19.0 18.0 ' T~ 3-MONTH TREASURY BILL 17.0 16.0 15.0 14.0 DISCOUNT RATE 13.0 12.0 5-YEAR TREASURY SECURITIES 11 .0 10.0 10.0 9.0 3 17 31 14 28 NOV 1980 12 28 9 23 6 20 20 3 17 1 IS 29 12 26 10 24 DEC AUG SEP LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: NOVEMBER 20, FEDERAL FUNDS xx 1981 SEP. OCT. NOV. 1981 4 1 1 18 25 2 9 16 23 30 6 13 20 * 27 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL XXX 1-YEAR TREASURY BILL 5-YEAR TREASURY SECURITIES LONG-TERM TREASURY SECURITIES 16.89 16.50 16.09 15.33 15.00 15.46 14.93 15.32 14.87 14.79 14.01 13. 17 15.59 15. 14 14.35 14.29 14.37 13.81 13.41 13.37 13. 14 12.21 10.93 10.36 15.65 15.80 14.66 14. 13 14.93 14.22 13.50 13.80 13.62 12.72 11.51 10.97 15.05 14.80 14.21 14. 16 14.54 13.71 13.42 13.60 13.36 12.35 11.29 10.82 16. 13 16.07 15.70 15.73 16. 1 1 15.39 15. 14 15.45 15.36 14.36 13.43 13. 18 14.64 14.63 14.29 14.49 15.05 14.42 14.34 14.61 14.72 13.81 13. 16 12.79 * 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.I5 RELEASE. *** NEW ISSUE RATE MB3.H ^-^lMs!^cSRi^i.ARE C0MPUTED BY THE FE0ERAL RESERVE BANK 0F ST-L0UIS- http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 MULTIPLIERS-^ CURRENCY OF MONEY STOCK MEASURES a/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED M1 A 1S&L OCT. RAT IQ 7 2.158 MONEY MULTIPLIERS MIB 1981 OCT. RATIO 7 2.592 U-Ll 1. U1 1.1 11 1.1.1.1 1 LATEST DATA PLOTTED WEEK ENDING: NOVEMBER II, 1981 BILLIONS OF DOLLARS - BILLIONS OF DOLLARS NOVEMBER II. 1981 FROM THE FOUR WEEKS ENDING: -----SEP. AUG. - JUL. JUN. - MAY FEB. - NOV. 1980 CURRENCY 1991 OCT. BILLIONS 7 12 .1 I I I I I I I I I I I JAN FEB MAR MAY JUN OCT NOV 1980 LATEST DATA PLOTTED WEEK ENDING: NOVEMBER II, 1981 1/ RATIO OF MONEY STOCK (MIA) OR (MIB) 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 DEMAND DEPOSIT COMPONENT OF MONEY STOCK (MIA) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 280 &iku.QN$ OCT. 236.6 235.8 236. 1 232. I 233.8 233.8 275 270 265 260 255 250 245 240 235 230 225 220 I I I I 1980 LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 11, 1981 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. DEMAND DEPOS1T COMPONENT OF MONEY STOCK ( Ml A ) COMPOUNDED ANNUAL RATES OF CHANGE, 1/12/80 2/11/81 4/8/81 5/13/81 -9.4 -11.4 -10.5 -9.6 -9.4 -8.3 -7.9 -9. 1 -8.3 -7.5 -7.7 -6.5 -6.3 -12.2 -9.7 -9.4 -7.6 -7. 1 AVERAGE OF FOUR WEEKS ENDING: 6/10/81 7/8/81 8/12/81 9/9/81 TO THE AVERAGE OF FOUR WEEKS ENDING: 4/ 8/81 5/13/81 6/10/81 7/ 8/81 8/12/81 9/ 9/81 10/14/81 11/11/81 -24. 1 -20.3 -19.9 -18.4 -16.9 -16. 1 -14.7 -13.9 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -5.9 -6.7 -5.2 -5. 1 -6.8 -4.9 -4.8 -4.5 -4.5 -2.7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 10 SAVINGS PLUS SMALL TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 515 ---------- 1------------- 1-----1981 BILLIONS OF DOLLARS ---------------------------- “1 5,5 BILLIONS 499.3 500.5 502.5 505.0 507.5 SEP OCT NOV 1980 DEC JAN FEB MAR LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 11. APR MAY JUN 1981 JUL AUG SEP OCT NOV 1981 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN $100,000. SAV1NGS PLUS SMALL TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE 11/12/80 AVERAGE OF FOUR WEEKS ENDING: 2/11/81 4/8/81 5/13/81 6/10/81 7/8/81 8/12/81 3.5 4.5 4.3 5.3 5.9 5.8 6.9 4.1 4.0 5.5 6.3 6. 1 7.4 5.8 7. 1 7.8 7.2 8.6 6.8 7.8 7.0 8.8 9.6 8.0 9.9 7.2 10. 1 9/9/81 TO THE AVERAGE OF FOUR WEEKS ENDING: 4/ 8/81 5/13/81 6/10/8I 7/ 8/81 8/12/81 9/ 9/81 10/14/81 11/11/81 6.4 5.4 5.7 5.5 6.0 6.3 6.2 7.0 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10.2 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS BORROWINGS FROM FEDERAL RESERVE BANKS billions of AVERAGES OF DAILY FIGURES dollars 1981 billions of dollars MILLIONS — OCT. 14 — NOV. 4 I 1 110 1255 15 29 12 26 10 24 7 21 1 15 29 13 27 10 24 8 22 5 19 2 I< 1980 LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 18, 1981 BUSINESS LOANS u ( COMMERCIAL AND INDUSTRIAL) WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/ SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS 96 TTT BILLIONS OF DOLLARS 196 _ COMPOUNDED ANNUAL RATES _ OF CHANGE. AVERAGE OF THE FOUR WEEKS ENDING NOVEMBER 11, 1981 FROK _ THE FOUR WEIlKS ENDING 9, 1981 12, 1981 8, 1981 10, 1981 13, 1981 - NOV . 12, 980 2 8.7 11.1 13.8 16.6 16.7 p V rs, 12. 1 r TTT T —' r _ N il “SEP. — AUG. - JUL. “ JUN. “MAY - E „ / TTT /v 198 r" Eii 1 SEP -LI.L 1 1 1 1 15 29 12 26 10 24 OCT - 187,911 187,963 187,965 187,021 188,219 187,555 _ _ _ - 7 14 21 28 NOV. 4 11 -V 1111 IILLION5 OCT. NOV 1980 DEC i i.i 7 21 JAN JXL 1 1 1 -LI IX J.J 1 JXL -L1.I 1 4 18 FEB 4 18 15 29 13 27 MAR APR LATEST DATA PLOTTED WEEK ENDING: NOVEMBER II, MAY 10 24 JUN 1981 8 22 JUL 11 1 5 19 MINI................. 2 16 30 14 28 1 1 SEP OCT 2 NOV 1981 1/ BUSINESS LOANS INCLUDE BANKERS’ ACCEPTANCES AND COMMERCIAL PAPER. 2/ BANKS WITH DOMESTIC ASSETS OF *750 MILLION OR MORE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 12 LARGE TIME DEPOSITS ALL COMMERCIAL BANKS BILLIONS OF DOLLARS 275 pr-------- 1-------------- 1------ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED ILL IONS OF DOLLARS BILLIONS I I I I 15 29 13 27 10 24 JAN FEB MAR LATEST DATA PLOTTED WEEK ENDING: NOVEMBER II, MAY 8 22 5 19 2 16 30 14 28 II 23 JUN 1981 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. TIME DEPOSITS ISSUED IN DENOMINATIONS OF 8100,000 OR MORE. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS