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' /OlcI /ndt

ADJUSTED MONETARY BASE

~bo

^uJ^ookj

hoULoUiLM

AVERAGES OF DAILY FIGURES

(f

SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS
----- ---------- ------------- 176

BILLIONS OF DOLLARS
' 176 ---------- 1-------- 1---BILLIONS
__ OCT.

1

15 29

OCT

169.2
169.0
168.7
169.6
170.0
169.8

21

12 26

NOV

10 24

7 21

4

18

DEC

JAN

FEB

4

18

MAR

1

15 29

APR

13 27

MAY

10 24

6 22

5

19

2

16 30

M 28

11

25

S 23

JUN

1980
LATEST DATA PLOTTED WEEK ENDING-. NOVEMBER 25,

198!

AVAILABLE FROM THIS BANK.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
11/26/80

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/22/81
5/27/81
6/24/81
7/22/81
8/26/8!
9/23/81
10/28/81
11/25/8!


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

4.0
5.0
4.6
4.7
5.3
4.6
4.0
4.2

2/25/81

8.6
7.1
6.8
7.2
5.9
5.0
5.2

4/22/81

6.1
5.9
6.8
5.1
4.0
4.4

5/27/8!

4.0
5.9
3.9
2.9
3.5

6/24/81

7.5
4.4
3.0
3.7

7/22/81

8/26/81

9/23/81

3.9

2.2

-1.4

3.3

1.2

2.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
50 ------------1--------- 1-------

BILLIONS OF DOLLARS
------- ---------- ------------- 50

BILLIONS
46.7
47.8
47.4
47.0
47.8

15 29

12 26

10 24

7 21

4

JAN

I

18

FEB

4

18

1

15 29

13 27

10 24

8 22

5

19

2

16 30

14 28

II

25

9 23

MAR

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 18.

1981

ADJUSTED MONETARY BASE ( RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAL RESERVE
BANKS PLUS CURRENCY IN CIRCULAT ION ) LESS CURRENCY HELD BY THE NONBANK PUBLIC.

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
2/18/81 4/15/81 5/20/81 6/17/81 7/15/81 8/19/81 9/16/81
11/19/80
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


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

-1 . 1
0.9
1 . 1
0.3
2.6
2. 1
0.7
1 .7

9.9
8.2
5.5
8.0
6.5
3.9
5.0

6.4
2.6
7.0
5. 1
2. 1
3.6

-1.4
6. 1
4.0
0.5
2.6

7.6
4.3
0.0
2.5

8.9
1 .6
4.4

-7. 1
-0.8

0.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml A )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILL!ONS
361.8
362.0
358.3
360. 1
360.3
362.0

1

15 29

12 26 10 24

7 21

4

18

4

18

1

15 29 13 27

10 24

8 22

5 19

2

16 30 14 28

11

25

9 23

1980
LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 18,

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,
11/19/80

2/18/81

4/15/81

AVERAGE OF FOUR WEEKS ENDING:

5/20/81

6/17/81

7/15/81

8/19/81

9/16/81

-7.4
-4.2
-4.3
-3.2
-3.2

- 0.3
- 1 .6
- 1 .0
- 1 .4

-1 .4
-0.7
-1.3

-1.7
-2.2

-1 . 1

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


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

-15.6
-12.6
-12.6

-2.6
-5.0

-11.4

-4.4
-3.4
-3.5
-3.0
-3.0

-9.9

-9.4
-8.4
-8.0

-5.3
-4.3
-2.8

-3. 1
-2.5
-2.6

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

MONEY STOCK ( MlB )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUS ItU

BILLIONS OF DOLLARS

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

455

455 ------------ 1--------- 1
BILLIONS
OCT.

14

433.5
434.5
430.8
433.3
435.7
437.4

X .

: ' .Si*
,s ml
, ■¥: % *J'

■

i

' f

1

15 29

12 26 10 24

DEC .

1 1

7 21

JAN

FEB

MAY

MAR

25

9 23

JUN

1980
LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 18.

1981

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
M1B CONSISTS OF MIA PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITARY INSTITUTIONS.

■■i

'

MONEY STOCK (M1B)
COMPOUNDED ANNUAL RATES OF CHANGE,
1/19/80

2/18/81

4/15/81

5/20/81

-0.4
0.2

AVERAGE OF FOUR WEEKS ENDING:

6/17/81

7/15/81

8/19/81

9/16/81

-4.6

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


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

6.3
6.6
4.2
3.9
4.1
3.9
3.6
3.6

13.3
7.2

6. 1
6.0
5.4
4.8
4.7

0.8
0.2

3.7
3. 1

0. 1

2.6
2.8

1 .6

-

1.7

-

1.6
1 .8

0.6

3.8
2.9
3. 1

1 .5

2. I

2.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
22.0

PERCENT
22.0
21.0

PRIME BANK
LOAN RATE

19.0

17.0

COMMERCIAL
PAPER

M.O
CORPORATE

Aaa BONDS

12.0

MUNICIPAL
BONDS**

14 28 12 26

9 23

6 20

6 20

FEB

3 17 31

1

15 29 12 26 10 24

10.0

7 21

A

18

2

16 30

13 27

11

25

MAR

3

17

1980

1981

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING-. NOVEMBER 27, 1981

1981
OCT.

2
9
16
23
30
NOV.
6
13
20
27 *
DEC.
4
1 1
18
25

90 DAY
CD'S

PRIME
COMMERC1AL
PAFER ***

PRIME
BANKERS'
ACCEPTANCES

CORPORATE
Am BONDS

CORPORATE
Baa BONDS

16.48
15.50
15.03
15.28
15. 14
14.13
12.77
11.97
1 1 .51

15.89
14.95
14.48
14.70
14.57
13.64
12.41
11.57
11.09

15.83
14.91
14.53
14.81
14.57
13.54
12.34
11.51
11.14

15.85
15.40
15.18
15.36
15.51
14.08
14.18
13.91
14.02

17.24
17.09
16.99
17.09
17.19
16.87
16.41
16. 20
16.10

MUNICIPAL
BONDS *
**
12
12
12
12
12
12
1 1
1 1
N

93
73
53
99
99
44
43
71
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

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
22.0

PERCENT
22.0

21.0
FEDERAL FUNDS RATE

20.0

20.0

3-MONTH
TREASURY BILL

15.0
14.0

DISCOUNT
RATE

5-YEAR
TREASURY SECURITIES

3 17 31

14 28

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

11

25

1980
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: N0VEM3ER 27, 1981

1981
OCT.

2
9
16
23
30
NOV.
6
13
20
27 x
DEC.
4
1 1
18
25

FEDERAL
FUNDS XX

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
B1LL ***

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

15.00
15.46
14.93
15.32
14.87
14.79
14.01
13. 17
12.42

14.37
13.81
13.41
13.37
13.14
12.21
10.93
10.31
10.23

14.93
14.22
13.50
13.80
13.62
12.72
11.51
10.97
10.92

14.54
13.71
13.42
13.60
13.36
12.35
11.29
10.78
10.63

16.11
15.39
15.14
15.45
15.36
14.36
13.43
13. 12
12.81

15.05
14.42
14.34
14.61
14.72
13.81
13.16
12.78
12.71

* AVERAGES OF RATES AVAILABLE.
XX SFVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.15 RELEASE,

mm new issue rate TREASURY SECURITIES ARE COMPUTED BY THE FEDERAL RESERVE BANK OF ST. LOUIS.
RATES ON LONG-TERM
TREASURY BILL YIELDS ON DISCOUNT BASIS,


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

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

MULTIPLIERSv

CURRENCY OF MONEY STOCK MEASURES 2/
AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED

RATIO
3.0

RATIO
3.0

RATIO
OCT.

14

MONEY MULTIPLIERS

2. 151
2.139
2. 120
2.135
2.124
2.129

RATIO
OCT.

14

2.577
2.568
2.549
2.568
2.569
2.573

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 18,

1981

BILLIONS OF DOLLARS
128

BILLIONS OF DOLLARS
128
---------!
------------ r--------- r----------- r
- COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
126 ---- THE FOUR WEEKS ENDING
NOVEMBER 18. 1981 FROM
- THE FOUR WEEKS ENDING:
124

122

— SEP
AUG
- JUL
JUN
---- MAY
FEB
- NOV

ID,

19,
15,
17,
20,
18,
19,

i yo i
1981
1981
1981
1 981
1981
1980

£.^
2.0
3.4
4.2
4. I
5.6
5.5

126

124

-----

122

----PIIRRFN CY

120

120
-

-

118

118
-

19 B1

116

OCT.
—

NOV.

114
1 1 II
1 1 1
1 1 1 1
1 15 2 9 12 2 6 10 24
DEC
NOV
OCT
1980

1 1 1
7 21
JAN

1 1 1
4 18
FEB

1 1 1
4 18
MAR

14
21
28
4
1 1
18

B ILLIO NS
121.5
121 .
121.6
121.7
121.8
121.9
lllll 1.1. I ll

111 _LLL 1 1.1.1- _1_LL INI Llll
I I l l
1 15 29 13 27 10 24 8 22 5 19 2 16 30 14 28 11 25 9 23
DEC
OCT
NOV
SEP
AUG
JUL
JUN
MAY
APR
1981

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 18,

1981

1/ RATIO OF MONEY STOCK (MIA) OR ( MlB ) 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

116

114

DEMAND DEPOSIT COMPONENT OF MONEY STOCK (MIA)
U

AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSltD

BILLIONS OF DOLLARS
280 r---------- ---------- -----

BILLIONS OF DOLLARS
----- ,----------1------------ 280
BILLIONS
235.8
236. 1
232. 1
233.8
233.8
235.5

I

15 29

12 26

10 24

7 21

DEC.

4

18

FEB

4

18

1

IS 29

13 27

MAY

MAR

10 24

8 22

5 19

2 16 30 H 28 H

25

9 23

JUN

1980
LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 18,

1981

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

DEMAND DEPOSIT COMPONENT OF MONEY STOCK ( MIA )
COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING:
11/19/80

2/18/81

4/15/81

-8. 1
-10.6

5/20/81

5/17/81

7/15/81

8/19/81

9/16/81

-4.0
-5.3
"3.7
-4.6

-5.2
-3.2
-4.4

-3.4
-5.0

-3.6

-10.0

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


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

-24.6
-20.8

-20.5
-18.8
-17.0
-16.2
-14.6
-14. 1

-9.6
-8.4
-8.3
-7.1
-7.3

-8.6

-7. 1
-7.2
-5.9
-6.2

-12.0
-8.6

-8.5
-6.5
-6.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

SAVINGS PLUS SMALL TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
515 ------------ 1--------- 1-----

BILLIONS OF DOLLARS
----- --------- n------------ 515

BILLI QMS
500.5
502.6
503.4
505.0
507.6
508.9

~ OCT

1

15 29

12 26 10 24

NOV

DEC

I

7 21

JAN

FEB

15 29 13 27

MAY

MAR

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 18.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS'

10 24

8 22

5 19

i

16 30 14 28 II

25

9 23

JUN

1981
H.6 RELEASE.

TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN $100,000.

SAVINGS PLUS SMALL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE . AVERAGE OF FOUR WEEKS ENDING:
11/19/80

2/18/81

4/15/81

5/20/81

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


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

5/17/81

7/15/81

8/19/81

9/16/81

9.3
8.5
10.5

7.4
10.4

11.7

*
5.3
4.7
5. 1
4.9
5.6
5.8
6.0
6.8

3.8
4.7
4.5
5.7
6.0
6. 1
7.3

4.5
4.3
6.0
6.3
6.5
7.9

5.8
7.6
7.6
7.5
9.0

7.6
7.6
7.5
9.3

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

.

BORROWINGS FROM FEDERAL RESERVE BANKS

BILLIONS

AVERAGES OF DAILY FIGURES

of dollars

981

BILLIONS OF DOLLARS
4.0

MILLIONS

3.5

— OCT. 21

3.0
2.5
2.0
1 .5
1.0
0.5
I I I I
1

15 29 12 26 10 24

7 21

JAN

4

FEB

18

1

15 29

13 27

10 24

8 22

5

19

2

16 30

14 28 11

25

9 23

MAR

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 25,

1981

BUSINESS LOANS 17
(COMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS 2/
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
_ COMPOUNDED ANNUAL RATES
_ OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
~NOVEMBER 18, 1981 FROM

— AUG. 19,

1981
12.8

15.7
12.8
11.8

NOV.

MILLIONS

OCT. 14
NOV.

4

I I I I I I
I

15 29

12 26

10 24

7 21

4

18

4

18

I

15 29

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 18,

13 27

10 24

8 22

5

19

2

16 30 14 28

I I 1 1 U
II

25

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

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

BILLIONS OF DOLLARS
275 c--------- 1----------1—

BILLIONS OF DOLLARS
------ ------------------------=3 275

BILLIONS

250. 1
244. I

242.7
241.3

IS 29 12 26

10 24

7 21

4

JAN

I

FEB

18

4

18

I

IS 29 13 27

8 22

AUG

1981

1980
LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 18,

10 24

JUL

MAR
1981

f

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


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS