Full text of U.S. Financial Data : Week Ending: October 21, 1981

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Week ending: October 21, 1981
KfflHgj.
Ubrarv

nnT 2Tt v\n?',components.
iM The adjusted
base published
by
The monetary
major component
is the

this
Bankbase,
consists
of
source
which
consists of currency in circulation (in the hands of the public and in the
vaults of banks and other depository institutions) plus reserve accounts
at Federal Reserve Banks. The second component (RAM) is an
adjustment to capture the effect of changes in reserve requirements.
When reserve requirements are lowered, reserves are effectively freed
to support more deposits; when they are raised, reserves are effectively
absorbed. This adjustment is calculated by subtracting the current
required reserves of all depository institutions from the level of required
reserves that would have been necessary to support today's level of
deposits if reserve requirements from a selected base period were in
place.

The most recent change in reserve requirements was effective
for the week ending September 9, 1981, as reserve requirements for
member banks were phased down and reserve requirements for
nonmembers were phased up in accordance with the second of a series of
periodic changes dictated by the Monetary Control Act of 1980. This
change reduced required reserves for member banks by $2.2 billion and
increased required reserves of nonmembers by $900 million. The
increase in RAM from the week ending September 2 to the week ending
September 9 was $1.1 billion, approximately the net change in required
reserves for members and nonmembers.
The RAM component of the adjusted monetary base also has
been subject to a minor revision. The revision in RAM is a consequence
of receiving final, rather than preliminary, data on required reserves. In
addition, the required reserves series used in calculating RAM is for all
depository institutions instead of member banks only. The effect of this
revision on the adjusted monetary base is very small, amounting to about
$100 million from its previously published monthly levels.

Revised data on adjusted monetary base and
related items are available upon written request
from:
Federal Reserve Bank of St. Louis
Research Department
P. O. Box 442
St. Louis, MO 63166

Prepared by Federal Reserve Bank of St. Louis

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

Released: October 23, 1981

2
ADJUSTED MONETARY BASE
AVERAGES OF

DAILY FIGURES

SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
174

BILL1QMS
— SEP.

168.6

169.2
_ OCT.

168.0
167.8
168.1
169.4

162

160

158

AUG

JAN

SEP

4 18
FEB

4

18

1

15 28

13 27

10 24

8 22

5

19

2

16 30

14 28

1980
LATEST DATA PLOTTED WEEK ENDING; OCTOBER 21

1981

THE ADJUSTED MONETARY BASE CONSISTS OF; ( I ) MEMBER BANK RESERVES AT THE 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, AVERAGE OF FOUR WEEKS ENDING:
10/22/80

1/21/81

3/18/81

4/22/81

5/20/81

6/24/81

7/22/81

8/19/81

5.6
5.9
6.5
6.0
5.9
6.3
5.5
4.9

6.3
7. 1
6.2
6. 1
6.6
5.5
4.6

8.4
6.5
6.3
6.9
5.5
4.3

6. 1
5.9
6.8
5.1
3.8

4.2
5.9
4.0
2.7

7.6
4.4
2.6

3.9
1.7

-1.7

TO THE AVERAGE
OF FOUR WEEKS
ENDING;
3/18/81
4/22/81
5/20/81
6/24/81
7/22/81
8/19/81
9/23/81
10/21/81


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED BANK RESERVES 1/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILLIONS
47.4
48.2
46.9
OCT.
46.6

I I 1. .1.1.1

I I I I
I

15 29

12 26 10 24

1 I 1 I 1111
I

7 21

JAN

15 29

13 27

10 24

8 22

5

19

2 16 30

14 28

FEB

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 14,

1981

1/ ADJUSTED MONETARY BASE LESS CURRENCY HELD BY THE NONBANK PUBLIC (MEMBER BANK RESERVES AT
FEDERAL RESERVE BANKS (+) CURRENCY HELD BY COMMERCIAL BANKS).

ADJUSTED BANK RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE,
10/15/80

AVERAGE OF FOUR WEEKS ENDING:

1/14/81

3/11/81

4/15/81

5/13/81

6/17/81

3.5
4.0
4.7
3. 1
5.3
4.5
2.6

3.8
4.9
2.5
5.7
4.6
2.2

6.4
2.6
6.7
5.1
2.2

1.2
7.0
5.0
1.5

7.1
4.3
0.0

7/15/81

8/12/81

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/11/81
4/15/81
5/13/81
6/17/81
7/15/81
8/12/81
9/16/81
10/14/81

4.4
4.0
4.2
4.6
3.5
5.0
4.5
3. 1


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

8.9
1 .7

-5.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

4
MONEY STOCK ( Ml A )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
400
BILLIONS
359.8
361.0
359. I
358.6
362.3
361.7

I I 1 II
I

AUG

15 29 12 26

10 24

SEP

7 21

JAN

LATEST DATA PLOTTED WEEK ENDING:

I

FEB

OCTOBER 14,

15 29 13 27

MAR

MAY

10 24

8 22

JUN

1981

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’

H.6 RELEASE.

MIA CONSISTS OF CURRENCY AND COIN PLUS COMMERCIAL BANK DEMAND DEPOSITS HELD BY THE NONBANK
PUBLIC EXCLUDING THOSE HELD BY FOREIGN BANKS AND OFFICIAL INSTITUTIONS.

MONEY STOCK ( Ml A )
COMPOUNDED ANNUAL RATES OF CHANGE,
10/15/80

1/14/81

AVERAGE OF FOUR WEEKS ENDING:

3/11/81

4/15/81

5/13/81

-0.6
-4.7
-4.0
-3.3
-3.3
-3,0

-5.3
-4.2
-3. 1
-3.2
-2.9

- 7.3
- 5.0
- 4.6
- 4.0

6/17/81

7/15/81

8/12/81

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/11/81
4/15/81
5/13/81
6/17/81
7/15/81
8/12/81
9/16/81
10/14/81

-13.0
-1 1.3
-9.5
-9.8
-9.0
-8.2
-7.7
-7.2


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

-16.5
-12.2
-12. 1
-10.6
-9.2
-8.4
-7.7

-0.7
-1.8
-1.7

-1.7
-1.6

-2.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( MlB )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
450

B I LL IQ£15

445

432.5
440

431.4
429.2

435
430
425
420
415
410

1

AUG

JAN

SEP

FEB

15 29 13 27

MAR

MAY

10 24

0 22

5 19

2

16 30 14 28

JUN

1980
LATEST DATA PLOTTED WEEK ENDING: OCTOBER 14,

1981

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

MONEY STOCK ( MlB >
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
10/15/80

1/14/81

3/11/81

4/15/81

5/13/81

6/17/81

7/15/81

8/12/81

13.3
13.7
7.5
6.6
6.3
5.8
5. 1

15.5
5. 1
4.4
4.4
4. 1
3.4

-0.4
0.3
1.3
1.6
1.2

-5.7
-2.6
-1.2
-1.1

3.2
3.0
2.1

3.5
2.2

1 . 1

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/11/81
4/15/81
5/13/81
6/17/81
7/15/81
8/12/81
9/16/81
10/14/81

5.7
7.5
8.5
5.4
5. 1
5.0
4.8
4.3


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

PERCENT
22.0 r—

DAILY RATES ENDED FRIDAY
PERCENT
^□22.0

21 .0

21 .0

20.0

PRIME BANK
LOAN RATE
19.0

18.0

90 DAY CD'S

COMMERCIAL
PAPER
14.0
13.0
CORPORATE
Aaa BONDS

1 1.0

11.0

I I I I
1

15 29

12 26

10 24

7 21

5

19

2

16 30 13 27

FEB

13 27

10 24

8 22

5 19

3

17 31

14 28

II

25

9 23

MAR

1980
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: OCTOBER 23,

90 DAY
CD'S

1981
AUG.

7
14
21
28
11
18
25
9
16
23 *
30

18.04
17.88
18.03
18.02
17.74
17.61
16.57
16.01
16.48
15.50
15.03
15.27

PRIME
COMMERC1AL
PAPER ***
17. 16
16.95
17. 15
16.94
16.80
16.71
15.78
15.36
15.89
14.95
14.48
14.69

PRIME
BANKERS'
ACCEPTANCES
17.41
17.23
17.34
17.24
17.07
16.78
15.89
15.44
15.83
14.91
14.53
14.80

CORPORATE

Aaa BONDS

14.82
14.62
14.78
15.21
15.50
15.61
15.30
15.35
15.85
15.40
15. 18
15.29

CORPORATE
Baa BONDS
16.31
16.21
16.25
16.54
16.77
16.96
16.88
16.87
17.25
17.09
16.99
17.06

1981

MUN1C1 PAL
BONDS *8K

11.94
12.49
12.97
13.10
13.21
12.79
12.57
12.93
12.73
12.53
N. A.

* AVERAGES OF RATES AVAILABLE.
B°NDS’ ™RSDAY DATA'
N.A. - NOT AVAILABLE


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

SELECTED
AVERAGES OF

INTEREST RATES

DAILY RATES ENDED FRIDAY

PERCENT

22.0

22.0

21 .0

21.0
FEDERAL FUNDS RATE

20.0

20.0

19.0

19.0
18.0
,
3-MONTH
-I— TREASURY BILL

17.0
16.0

16.0

15.0
14.0

14.0

13.0

13.0

12.0

12.0

5-YEAR
TREASURY SECURITIES

11 .0

DISCOUNT
RATE

10.0
9.0
8.0
7.0
0
FEB

MAR

1980

APR
1981

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING-. OCTOBER 23, 1981

FEDERAL
FUNDS K**

1981
AUG.

SEP.

OCT.

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

18.25
18.29
18. 19
17.41
16.89
16.50
16.09
15.33
15.00
15.46
14.93
15.32

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL ***

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECUR1T1ES

LONG-TERM
TREASURY
SECURITIES

15.43
15.25
15.63
15.71
15.59
15. 14
14.35
14.29
14.37
13.81
13.41
13.40

15.57
15.12
15.64
15.85
15.65
15.80
14.66
14.13
14.93
14.22
13.50
13.80

14.63
14.43
14.70
14.99
15.05
14.80
14.21
14. 16
14.54
13.71
13.42
13.63

15.45
15.13
15.51
16.04
16. 13
16.07
15.70
15.73
16. 1 1
15.39
15. 14
15.40

14.06
13.71
13.89
14.45
14.64
14.63
14.29
14.49
15.05
14.42
14.34
14.59

* 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.
X*X NEW ISSUE RATE
RATES ON LONG-TERM TREASURY SECURITIES ARE COMPUTED BY THE FEDERAL RESERVE BANK OF ST. LOUIS.
TREASURY BILL YIELDS ON DISCOUNT BASIS.


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 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

MIA
1981
SEP.

RATIO
9

2. 35

MONEY MULTIPLIERS

OCT.

BAT. |Q

— OCT.
n ..........................................

1 1 11

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 14,
BILLIONS OF DOLLARS
124 ----------1---------- 1------------- 1----------

1981
BILLIONS OF DOLLARS

124

r

COMPOUNDED ANNUAL R *TES
OF CHANGE. AVERAGE DF
-----THE FOUR WEEKS END 1
OCTOBER 14, 1981 FR DM
MG:
---- AUG. 12 ,
JUL. 15 ,
- JUN. 17 ,
MAY
13 ,
---- APR
1R
JA N. 14 ,
- OC T. 15 ,

1981
1981
1981
1981
1981
1980

-

0.
2.
3.
3.

CURRE NCY
-

5.
5.

-

-

-

1SSI
9

.

3?

i§

OCT

111
AUG

17
SEP

1111

111

mi

15 29 12 26 10 24

OCT
1980

NOV

DEC

1 1 1
21
JAN

1 1 1

1 1 1 -L! 1 1

18

FEB

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 14,

1

MAR

1 1 1

15 29 13 27

APR

MAY

US

12

.4

11
II

-.1
:!

~~

14
12.5
LuL
111 JJ 1J .1J 1 1 1 1 1 1 1 1

rm
6 20

BILLIOI

SEP .

10 24

JUN
1981

8 22

JUL

5

19

AUG

2

16 30 14 28

SEP

OCT

1981

1/ RATIO OF MONEY STOCK (MIA) OR (M1B ) 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

r

X

DEMAND DEPOSIT COMPONENT OF MONEY STOCK (MIA)
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

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

BILLIONS OF DOLLARS
------1------ —T-------- =] 280
BILLIONS
234.0
235.5
233.8
233.2
236.9
235.9

I

15 29

12 26

10 24

7 21

I

15 29 13 27

10 24

8 22

2

16 30 14 28

LATEST DATA PLOTTED WEEK ENDING*. OCTOBER 14, 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
10/15/80

1/14/81

3/11/81

AVERAGE OF FOUR WEEKS ENDING:

4/15/81

5/13/81

-10.0
-8.6
-7.6
-7.2
-6.4

- 12.0
-9.7
-8.7
-7.4

6/17/81

7/15/81

-4.8
-5.3
-4.4

-5.2
-4. 1

8/12/81

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/11/81
4/15/81
5/13/81
6/17/81
7/15/81
8/12/81
9/16/81
10/14/81

-21.1
-19.0
-16.8
-16.8
-15.7
-14.7
-13.8
-12.9


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

-26.0
-20.7
-19.8
-17.8
-16. 1
-14.7
-13.5

-5.7
-9.9
-8.9
-8. 1
-7.7
-6.9

-4. 1

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

BILLIONS OF DOLLARS
510

BILLIONS

505

497.0
497.5
497.4
497.0

500

500.5

495

490
485

480
475

470
465

460

455

1

15 29

12 26

10 24

I

7 21

JAN

FEB

15 29 13 27

MAY

MAR

10 24

8 22

5

19

2

16 30 14 28

JUN

1980
LATEST DATA PLOTTED WEEK ENDING: OCTOBER 14,

1981

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000.

SAV1NGS PLUS SMALL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE
10/15/80

AVERAGE OF FOUR WEEKS ENDING:

1/14/81

3/11/81

4/15/81

5/13/81

6/17/81

7/15/81

8/12/81

4.6
3.7
4.6
4.4
5.2
5.7
5.6

3.5
4.9
4.7
5.6
6.2
6. 1

4.5
4.3
5.6
6.3
6. 1

5.9
7.1
7.6
7.1

6.9
7.6
7.0

9.3
8.0

7. 1

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
3/11/81
4/15/81
5/13/81
6/17/81
7/15/81
8/12/81
9/16/81
10/14/81

8.2
7.7
6.8
6.9
6.6
6.9
7. 1
6.9


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
4.0 r--------- 1---------- 1-------JJS1 MILLIONS
SEP.

BILLIONS OF DOLLARS
------- ----------------- ---------- =1 4-°

16

I 110

I

AUG

SEP

15 29

OCT
1980

12 26 10 24

NOV

DEC

7 21

JAN

FEB

MAR

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 21,

APR

MAY
JUN
1981

JUL

AUG

SEP

OCT

1981

BUSINESS LOANS
(COMMERCIAL AND
BILLIONS OF DOLLARS
196

-

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
196

COMPOUNDED ANNUAL RA IES
OF CHANGE, AVERAGE 0
THE FOUR WEEKS END IN
OCTOBER 14, 1981 FRO
THE FOUR WEEKS END IN 5:

- AUG.
- JUL.
“ JUN.

12,1981
15,1981
17,1981
“ MAY
13,1981
“APR. 15, 1981
_ JAN.
14,1981
_ OCT.
15,1980

=

14.9
16.7
19.7
19.3
20.8
11 .9
13.3

■"

_

r-i

184
I

/—

180

t

I
176

176

—
172

„

_

/

172

/V

I
168

—

r

_

/

198
9
16
23
30
OCT. 7
14

""

164

SEP.

—
160

i

1 1 1

1 1 1

i i i i

6 20

3

1

AUG

SEP

17

IS 20

OCT
1980

i 11

1 1 1 1

12 26 10 24

NOV

DEC

111
4 18

4

JAN

FEB

MAR

LATEST DATA PLOTTED WEEK ENDING: OCTOBER 14


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

.I..U 1 .in

...1 1 1

7 21

18

1

IS 20

APR

13 27

MAY

.1,11
10 24

JUN
1981

1111
8 22

JUL

MILLIONS

-

185,384
186,115
185,518
187,658
187,911
187,988

Z

“
“

.....................................
5 10

AUG

2

16 30 14 28

SEP

OCT

1981
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

168

164

160

12
LARGE TIME DEPOSITS

ALL COMMERCIAL BANKS
BILLIONS of DOLLARS

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

billions of

dollars

rq 275
BILLIONS

MAY

LATEST DATA PLOTTED WEEK ENDING-. OCTOBER 14,

JUN

1981

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1

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