Full text of U.S. Financial Data : Week Ending: October 29, 1975
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Week ending: October 29, 1975 Business credit demands at commercial banks have continued to decline since June, although at a more moderate pace than during the first half of the year. In the most recent week business loans at weekly reporting large commer cial banks totaled $118.4 billion (not seasonally adjusted), $3.5 billion below their level in late June. In contrast, consumer installment loans at large commercial banks increased by almost $700 million during this same period. Some commercial banks recently lowered their prime lending rate (the rate charged by commercial banks on short term loans to large businesses with the highest credit stand ing) from 8 to 7.75 percent. Other short-term interest rates have also decreased in the last month. Rates on prime fourto six-month commercial paper and on 90-day CDs have fallen 93 and 85 basis points, respectively. Yields on three-month Treasury bills decreased 82 basis points over the same period. Since late June the Federal funds rate (the rate at which banks borrow reserves from one another) has been above or very near the discount rate (the rate at which member banks borrow reserves from Federal Reserve Banks). During this period member bank borrowings averaged $295 million. In the previous five months, when the Federal funds rate was below the discount rate making borrowing in the Federal funds market relatively more attractive, member bank borrowings from Federal Reserve Banks averaged only $125 million. The growth of the money stock has slowed recently, averaging less than a one percent annual rate of increase over the past three months, in contrast to about a 12 percent rate in the previous three months. The demand deposit com ponent of the money stock has exhibited the same marked re duction in growth. The level of private demand deposits has remained essentially unchanged, on balance, over the last three months following three months of growth at a 12 percent rate. Prepared by Federal Reserve Bank of St. Louis Released: October 31, 1975 MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS 12?. -----1------ 1-- BILLIONS OF DOLLARS --- ,- MILLIONS SEP. 4 16 24 2 16 30 13 27 11 NOV 25 DEC 6 22 5 19 5 19 FEB MAR 2 16 30 14 26 11 MAY 25 JUN 9 23 6 20 3 17 AUG SEP 1 15 29 12 26 OCT LATEST DATA PLOTTED WEEK ENDING, OCTOBER 29, 1975 tuc ufMdPTARY AiQF COMSI STS OF MEMBER BANK RESERVES AT THE FEDERAL RESERVE BANKS AND CURRENCY cTrCULA?TON (CURRENCY HELD BYTHE PUBLIC AND IN THE VAULTS OF COMMERCIAL BANKS), ADJUSTED FOR RESERVE REOJIRQ»Jt RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSITS BETWEEN BANKS ujucdc nIFFFRFNT RESERVE REQUIREMENT RATIOS APPLY. THE MAJOR SOURCES OF THE MONETARY BASE ARE FEDERAL RESERVE CREDIT AND THEGOLD STOCK. DATA ARE COMPUTED BY THIS BANK. A DETAILED DE SCRIPTION OF THE SOURCES AND USES OF THE MONETARY BASE IS AVAILABLE AS REPRINT NO. 31 FROM THE FEDERAL RESERVE BANK OF ST. LOUIS. COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING, 10/30/74 1/29/75 3/26/75 4/30/75 5/28/75 7/2/75 7/30/75 7.9 5.9 9.0 7.9 7.3 7.4 6.8 2.8 8.6 7.2 6.4 6.8 6.1 10.5 7.9 6.8 7.1 6.3 11.8 9.0 8.8 7.5 2.8 4.8 4.1 5.8 4.6 8/27/75 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/26/75 4/30/75 5/28/75 7/ 2/75 7/30/75 8/27/75 10/ 1/75 10/29/75 7.2 6.9 5.9 7.8 7.2 6.8 7.0 6.6 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 122 MULTIPLIERi/ FEDERAL RESERVE CRED I T 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED AT 10 RATIO MULTIPLIER RATIO LATEST DATA PLOTTED WEEK ENDING: OCTOBER 22, 1975 BILLIONS OF DOLLARS 112 BILLIONS OF DOLLARS 112 -------.-------- 1--- -- ---------- COMPOUNDED ANNUAL RATES __ OF CHANGE, AVERAGE OF THE FOUR WEEKS ENDING - OCTOBER 29. 1975 FROM THE FOUR WEEKS ENDING, - AUG. 27, JUL. 30, JUL. 2, 1975 1975 1975 30.6 17.4 7.2 FEDERAL RESERVE CREDIT 10.8 MILLIONS * 18 2 16 30 13 27 11 NOV DEC 25 8 22 5 19 5 19 FEB MAR 2 16 30 14 28 11 25 9 23 6 20 3 17 AUG SEP 1 15 29 12 26 1975 LATEST DATA PLOTTED WEEK ENDING, OCTOBER 29, 1975 1/ RATIO OF MONEY STOCK (Ml ) / MONETARY BASE. 2/ DEFINED TO INCLUDE HOLDINGS OF SECURITIES, LOANS, FLOAT AND ’•OTHER” ASSETS, ADJUSTED 5^SUJ-5IM,INT RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSIT^ BETWEEN 1FFERENT RESERVE REQUIREMENT RATIOS APPLY. DATA ARE SEASONALLY ADJUSTED “i THIS BANK. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS I MONEY STOCK PLUS NET TIME DEPOSITS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS BILLIONS 656,8 654.8 656.3 659.0 659.2 2 16 50 15 27 11 NOV 25 DEC 8 22 5 19 5 19 FEB MAR 2 18 30 14 28 11 MAY 25 JUN 9 25 8 20 5 If AUG SEP I 15 29 12 26 LATEST DATA PLOTTED WEEK ENDING: OCTOBER 22, 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.B RELEASE. wlONEY STOCK PLUS NET TIME DEPOSITS (M2) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 10/23/74 1/22/75 3/19/75 4/23/75 5/21/75 6/25/75 7/23/75 8/20/75 9.0 9.4 12.2 11.7 10.8 10.1 9.4 9.0 13.5 12.6 11.2 10.2 9.3 16.9 14.6 12.3 10.8 9.6 16.3 12.8 10.9 9.4 7.3 6.8 5.9 5.6 4.9 4.8 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/19/75 4/23/75 5/21/75 fl/25/75 7/23/75 8/20/75 9/24/75 10/22/75 4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7.1 7.2 7.7 9.7 9.6 9.2 8.9 8.4 PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 305 BILLIONS 293.-4 300 294.3 295 290 285 280 4 1® l t# JO 13 27 11 NOV DEC 25 8 22 5 19 5 19 FEB MAR 2 18 30 1 4 28 11 25 9 23 8 20 3 17 AUG SEP 1 15 29 12 28 LATEST DATA PLOTTED WEEK ENDING. OCTOBER 22, 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.8 RELEASE. THE MONEY STOCK CONSISTS OF DEMAND DEPOSITS PLUS CURRENCY AND COIN HELD BY THE NONBANK PUBLIC. COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING* 10/23/74 1/22/75 3/19/75 4/23/75 5/21/75 6/25/75 7/23/75 8/20/75 TO THE AVERAGE OF FOUR WEEKS ENDING. 3/19/75 4/23/75 5/21/75 6/25/75 7/23/75 8/20/75 9/24/75 10/22/75 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2.8 2.9 3.5 6.1 5.7 5.2 5.2 4.5 4.2 5. 1 8.8 7.9 6.8 6.6 5.5 5.4 11.3 9.3 7.6 7.2 5.7 15.9 1 1.7 8.9 8.1 6.1 13.4 9.2 8.2 5.8 1.6 3.0 1.3 3.2 0.8 1.0 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT H O r— ~=1 PRIME BANK LOAN RATE 10.0 90 DAY CD'S me* CORPORATE AAA BONDS MUNICIPAL BONDS *8* COMMERCIAL PAPER 6 20 1 4 18 15 29 13 27 10 24 7 21 7 21 4 18 FEB MAR APR 2 16 30 13 27 11 25 JUN 8 22 5 19 3 17 31 14 28 JUL 1975 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. OCTOBER 31, 1975 1975 SEP. 5 12 19 26 OCT. 3 10 17 24 31 NOV. 7 14 21 28 6 X 90 DAY CD'S me* PRIME COMMERCIAL PAPER 4-6 MONTH PRIME BANKERS' ACCEPTANCES CORPORATE Aaa BONDS MUNICIPAL BONDS mt 6.94 7.05 7.04 7.03 7.01 7.18 6.50 6.35 6.16 6.75 6.75 6.93 6.95 6.93 6.88 6.59 6.23 6.00 6.82 6.85 6.82 6.81 6.79 6.59 6.38 6.02 5.85 8.93 8.94 8.98 8.94 8.96 8.92 8.85 8.81 8.78 7.34 7.40 7.49 7.54 7.67 7.48 7.29 7. 17 N. A. * AVERAGES OF RATES AVAILABLE. ** BOND BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS. THURSDAY DATA. me* SEVEN-DAY AVERAGES OF SECONDARY MARKET RATES FOR THE WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN 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 13-i SELECTED SHORT-TERM INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT 12.5 ~n FEDERAL FUNDS RATE THREE-MONTH TREASURY BILL MARKET YI0-D DISCOUNT RATE e 20 4 18 SEP OCT 1 15 29 13 27 10 24 7 21 FEB 4 18 MAR 2 18 50 15 27 11 25 8 22 5 19 5 17 51 14 28 APR JUN JUL 1974 1975 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt OCTOBER 31, 1975 1975 SEP. 5 12 19 26 OCT. 3 10 17 24 31 X NOV. 7 14 21 28 FEDERAL FUNDS xx 3-MONTH TREASURY BILLS 1-YEAR TREASURY BILL 3-5 YEAR GOVERNMENT SECURITIES LONG-TERM GOVERNMENT SECURITIES 6.06 6.15 6.28 6.29 6.36 6.06 5.82 5.73 5.65 6.38 6.43 6.45 6.38 6.46 6.23 6.01 5.73 5.64 7.07 7.14 7.31 7.21 7.16 6.74 6.51 6.29 6.14 8.07 8.26 8.34 8.18 8.22 8.00 7.87 7.67 7.55 7. 1 1 7.25 7,34 7.35 7.43 7.36 7.31 7.22 7.20 * 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. " http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 NET TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 370 BILLIONS 365 361 .3 361.3 362.1 360 364.9 355 350 345 340 335 330 325 320 4 16 2 10 30 15 27 11 23 NOV 1974 DEC 8 22 5 19 5 19 FEB MAR 2 16 30 14 26 11 25 9 23 6 20 3 17 AUG SEP 1 15 29 12 26 1975 LATEST DATA PLOTTED WEEK ENDING. OCTOBER 22, 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. X 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 9100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS. NET TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING. 10/23/74 1/22/75 3/19/75 4/23/75 5/21/75 6/25/75 7/23/75 8/20/75 1 1.0 11.1 1 1 .3 12.8 13.0 12.7 12.0 11.8 13.3 13.2 15.0 15.1 14.3 13.2 12.8 12.2 15.5 15.5 14.3 12.9 12.4 17.7 17.0 15. 1 13.2 12.6 18.9 15.8 13.2 12.5 12.2 10. 1 9.9 7.9 8.3 8.0 TO THE AVERAGE OF FOUR WEEKS ENDING. 3/19/75 4/23/75 5/21/75 6/25/75 7/23/75 8/20/75 9/24/75 10/22/75 8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS DEMAND DEPOSIT COMPONENT OF MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 1215. BILLIONS OF DOLLARS BLLUQNS. 223.4 221.4 221.7 221.9 4 10 2 16 30 13 27 NOV 11 25 DEC 0 22 5 19 3 19 FEB MAR 2 10 SO 14 20 11 25 MAY JUN 1975 9 23 0 20 3 17 AUG SEP 1 13 29 12 20 LATEST DATA PLOTTED WEEK ENDING. OCTOBER 22, 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE. COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGi 10/23/74 1/22/75 3/19/75 4/23/75 5/21/75 6/25/75 7/23/75 S/20/75 3.0 4. 1 8.6 7.4 6.1 6. 1 4.6 4.9 11.9 9.4 7.3 7.0 5.0 17.2 12.0 8.6 7.9 5.4 14. 1 8.9 8. 1 5.1 -0.3 2.0 -0.3 2.4 -0.7 -0.3 TO THE AVERAGE OF FOUR WEEKS ENDINGi 3/19/75 4/23/75 5/21/75 8/25/75 7/23/75 8/20/75 9/24/75 10/22/75 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0.2 0.7 1.6 4.7 4.4 3.8 4.0 3.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 CERTIFICATES OF DEPOSTT LARGE COMMERCIAL BANKS WEDNESDAY FIGURES NOT SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 98 96 94 92 90 88 86 84 82 80 78 76 74 4 18 2 16 30 13 27 NOV 1974 11 25 6 22 5 19 5 19 2 16 30 14 28 11 25 9 23 6 20 3 17 1 15 29 12 26 DEC 1975 LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 22, 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.fi RELEASE. NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 8100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS. 1975 SEP. 3 10 17 24 OCT. 1 8 15 22 29 NOV. 5 12 19 26 CERTIFICATES CERTIFICATES OF DEPOSIT OF DEPOSIT NOT SEAS. ADJ. SEAS. ADJ. 81.5 82. 1 82.2 83.1 84. 1 84.2 83.9 83.6 77.1 78. 1 78.7 79.7 80.9 81.6 81.4 81.1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 10 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BORROWINGS FROM FEDERAL RESERVE BANKS ALL MEMBER BANKS IN THE NATION AVERAGES OF DAILY FIGURES ill ions of dollars billions of dollars 1975 MILLIONS SEP, 24 OCT. 1 395 581 = 4 18 2 10 90 13 27 SEP OCT NOV 1974 11 25 DEC 8 22 JAN 5 19 5 19 FEB MAR 2 10 30 14 *8 11 23 APR MAY JUN 1975 9 23 JUL 0 20 3 17 AUG SEP 1 0 13 29 12 28 OCT NOV LATEST DATA PLOTTED WEEK ENDING. OCTOBER 29, 1975 BUSINESS LOANS BILLIONS OF DOLLARS ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED BILLIONS OF DOLLARS 134 132 130 128 126 124 122 120 118 COMPOUNDED ANNUAL RATES — OF CHANGE, AVERAGE OF — THE FOUR WEEKS ENDING OCTOBER 22. 1975 FROM THE FOUR WEEKS ENDING. _AUG. JUL. _ JUN. — MAY 20, 1975 23, 1975 25, 1975 21, 1975 116 114 -2.6 -4.7 -5.1 -8.2 -9.2 112 SEP. 17 110 108 -7.3 4 18 Mill 2 16 30 13 27 NOV 11 DEC 25 8 22 5 19 5 19 FEB MAR 2 10 30 14 28 11 MAY 1974 25 JUN 1975 9 23 0 20 9 17 AUG SEP 1 15 29 12 20 LATEST DATA PLOTTED WEEK ENDING. OCTOBER 22, 1975 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 MEMBER BANK DEPOSITS SUBJECT TO RESERVE REQUIREMENTS (CREDIT PROXY ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 540 - COMPOUNDED AfWUAL RATES OF CHANGE, = AVERAGE OF THE FOUR WEEKS ENDING ~ OCTOBER 22, 1975 FROM THE FOUR = WEEKS ENDINGi — CREDIT = CREDIT PROXY = PROXY ADJUSTED 530 520 — JUL - JUN r MAY = JAN, -OCT .CREDIT PROXY ADJUSTED 1/ 510 500 490 CREDIT PROXY CREDIT PROXY 499.2 498.2 498.2 CREDIT PROXY ADJUSTED, 505.3 505.3 508.9 500.2 508.6 I I 1 I 4 18 2 18 30 13 27 11 25 NOV 1974 DEI 8 22 3 IS S 19 FEB MAR 2 18 SO 14 28 II 25 MAY JUN 1975 9 25 8 20 8 IT AUG SEP 1 IS 29 12 28 LATEST DATA PLOTTED WEEK ENDING. OCTOBER 22, 1975 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE. 1/ INCLUDES MEMBER BAM< DEPOSITS, BANK-RELATED COMMERCIAL PAPER, EURODOLLAR BORROWINGS OF U.S. BANKS, AND CERTAIN OTHER MONDEPOSIT SOURCES. 12 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 480 SOB.2 PREPARED BY FEDERAL RESERVE BAM< OF ST. LOUIS 470
@FedFRASER