Full text of U.S. Financial Data : Week Ending: October 29, 1980
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rs/x\ rs/cjt j*\ l ox\tx\ Week ending: October 29, 1980 Since October of last year, the growth rates of the monetary aggregates have fluctuated markedly. During this period, three distinct phases of monetary growth occurred. From the four weeks ending October 24,1979 to the four weeks ending February 20,1980, MIA and M1B increased at rates of 5.9 and 6.5 percent, respectively. As illustrated in the table below, monetary policy became more restrictive during the next few months, and MIA declined at a 6.9 percent rate while M IB declined at a 5.7 percent rate. During the most recent period, MIA and M1B increased sharply; from the four weeks ending May 21, 1980 to the four weeks ending October 22, 1980, MIA increased at a 12.6 percent rate and M1B increased at a 15.5 percent rate. Fluctuations in the growth rates of MIA and M1B during the past year are associated with changes in the growth rate of the adjusted monetary base. For instance, when the growth rates of MIA and M1B fell quite rapidly in the second period listed below, the growth of the adjusted base also indicated a slowing from the previous period. From the four weeks ending February 20, 1980 to the four weeks ending May 21, 1980, the adjusted base increased at a 5.2 percent rate, compared to a 7.6 percent rate during the four weeks ending October 24, 1979 to the four weeks ending February 20,1980. During the most recent period, the growth of the adjusted monetary base rebounded to a 10.8 percent rate of growth. Growth Rates Of Monetary Aggregates (Compounded annual rates of change) Adjusted monetary base Period* 10/24/79 - 2/20/80 2/20/80 - 5/21/80 '5/21/80 - 10/22/80 7.6 % 5.2 10.8 MIA M1B 5.9 % -6.9 12.6 6.5 % -5.7 15.5 ♦Four-week averages ending dates shown. Prepared by Federal Reserve Bank of St. Louis Released: October 31, 1980 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 ADJUSTED MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS BILLIONS OF DOLLARS 170 BILLIONS SEP. OCT. _ 24 164.5 164.3 164.3 65.9 165.7 154 152 I I I I ll I I 5 19 3 17 31 NOV 14 28 DEC 12 26 9 23 20 FEB 5 19 MAR 2 16 50 MAY 14 28 JUN 11 25 9 23 6 20 3 17 1980 1979 LATEST DATA PLOTTED WEEK ENDING: OCTOBER 29, 1980 THE ADJUSTED MONETARY BASE CONSISTS OF: ( 1 ) MEMBER BANK RESERVES AT THE FEDERAL RESERVE BANKS, . 2 ! CURRENCY IN CIRCULATION I CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF COMMERCIAL BANKS), AND 13) AN ADJUSTMENT FOR RESERVE REQUIREMENT RAT 10 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: 10/31/79 1/30/80 3/26/80 4/30/80 5/28/80 6.3 6.0 6.7 7.4 8.4 8.8 8.7 4.5 6.0 7.2 8.6 9.2 8.9 7.2 8.4 10.0 10.3 9.9 9.9 11.6 11.6 10.8 7/2/80 7/30/80 8/27/80 13.3 11.4 9.6 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/26/80 4/30/80 5/28/80 7/ 2/80 7/30/80 8/27/80 10/ 1/80 10/29/80 t 7.5 6.8 6.6 6.9 7.3 8. 1 8.4 8.3 13.3 12.6 11.3 Hi*’ http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ADJUSTED BANK RESERVES v AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 54 ------------1---------------1-------- BILLIONS OF DOLLARS --------- --------------- ------------ 54 61LL! .QMS. 50.6 5 IB 3 17 31 14 21 NOV II 26 DEC 9 23 6 20 5 FEB MAR 19 2 IB 30 14 28 II 25 9 23 8 20 3 AUG SEP 17 I960 1979 LATEST DATA PLOTTED WEEK ENDING-. OCTOBER 22. 1980 1/ AO JUSTED MONETARY BASE LESS CURRENCY HELO BY THE NONBANK PUBLIC < MEMBER BANK RESERVES AT FEDERAL RESERVE BANKS ( + > CURRENCY HELD BY COMMERCIAL BANKS). ADJUSTED BANK RESERVES COMPOUNDED ANNUAL RATES OF CHANGE AVERAGE OF FOUR WEEKS ENOING: 10/24/79 1/23/80 3/19/80 4/23/80 5/21/80 6/25/80 7/23/80 8/20/80 8. 1 7.4 4.9 5.8 5.2 6.2 8.1 6.9 6.0 1.9 4.0 3.4 5. 1 7.9 6.2 -2.4 2.3 1 .8 4.5 8. 1 6.0 1.2 0.8 4.5 9.0 6.3 6.2 9.5 13.8 9.6 8.3 14.8 9.! 22.0 12.1 9.8 TO THE AVERAGE OF FOUR WEEKS ENOING: 3/19/80 4/23/80 5/21/80 8/25/80 7/23/80 8/20/80 9/24/80 10/22/80 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 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 billions 386.2 382.5 381.7 386. 1 387.7 387.2 5 19 2 16 30 14 28 II 25 9 23 6 20 3 17 1980 1979 LATEST DATA PLOTTED WEEK ENDING: CURRENT DATA APPEAR OCTOBER 22, I960 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 (MIA) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 0/24/79 1/23/80 3/19/80 4/23/80 5/21/80 6/25/80 7/23/80 8/20/80 -9.5 -2.4 -0.3 3.3 5.5 5.7 1.7 3.4 7.4 9.2 8.8 9.8 13.3 13.9 12.6 14.1 14.7 12.8 18.1 14.6 1 1.7 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/19/80 4/23/80 5/21/80 6/25/80 7/23/80 8/20/80 9/24/80 10/22/80 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4.6 1.8 0. 1 1.7 2.3 3.9 5. 1 5.2 -1 .0 -3. 1 0. 1 1 .2 3.7 5.3 5.5 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK ( MlB ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 420 BILLlflNS 409.5 405.7 404.7 410.1 411.6 411.2 5 19 3 17 31 H 28 NOV I I Li I I I I 12 28 9 23 DEC 6 20 5 FEB MAR 19 2 16 30 14 1979 28 11 25 9 23 1980 LATEST DATA PLOTTED WEEK EWING: OCTOBER 22, 1980 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. MIB CONSISTS OF MIA PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITARY INSTITUTIONS. MONEY STOCK (MIB) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 10/24/79 1/23/80 3/19/80 4/23/80 5/21/80 6/25/80 2.6 5.0 9.2 1 1.4 1 1.0 12.9 16.3 17. 1 15.5 17.3 18.0 15.7 7/23/80 8/20/80 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/19/80 4/23/80 5/21/80 6/25/80 7/23/80 8/20/80 9/24/80 10/22/80 5.4 3.0 1.0 2.9 3.7 5.4 6.8 6.9 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 0.8 -2.0 1 .5 2.9 5.5 7.4 7.5 -8.4 -0.8 1.7 5.5 7.9 8.0 21.4 17.3 14.4 PREPARED BY FEDERAL RESERVE BANK OF ST. *.©UIS 5 6 YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT PERCENT 21.0 21.0 20.0 PRIME BANK LOAN RATE 90 OAY CD'S COMMERCIAL PAPER CORPORATE Aaa BONDS MUNICI PAL BONDS«» 8 SEP OCT NOV DEC JAN 22 CE8 8 MAR APR MAY '979 JUN JUL SEP OCT NOV 5 ' 2 ' 9 26 3 '0 ’7 24 3' * 7 ' 4 21 28 SEP OCT NOV ’980 .ATEST DATA PLOTTED are AVERAGES of rates AvAIi_ABlF PQR THE WEEK ENOING: '980 C 22 AUG 90 DAY CD'S PRIME COMMERCIAL PAPER «w*** ’0.72 10.90 ’ ' . 34 11.45 '2.81 ’2.36 '2.52 12.90 13.91 ’0.39 10.62 '0.94 ' ’ . 25 '2.51 " .98 '2.15 '2.32 ’3.3! PRIME BANKERS' ACCEPTANCES •0.63 ’0.80 M.07 ’1.37 '2.51 12.17 '2.24 12.66 '3.66 ''.89 11.90 12.00 12.15 '2.30 12.18 12.11 '2.27 12.65 '980 CORPORATE Baa BONDS MUNICIPAL BONDS mm '3.55 13.57 13.69 '3.82 14.12 14.12 14.09 ' 4.27 14.48 8.78 8.82 8.98 9. 18 9.22 9.01 8.81 9.06 N. A. | . ______ L_ * AVERAGES OF RATES AVAILABLE ** BOND BUYER'S AVERAGE >NOEX OF 20 MUNICIPAL BONDS. W* DATA ARE A -MONTH COMMERCIAL PAPER RATES N.A. - NOT AVAILABLE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CORPORATE Aaa BONOS OCTOBER 31, 1 .. L____ i THURSDAY DATA. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS SELECTED INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT 20.0 20.0 FEDERAL FUNDS RATE 19.0 19.C 18.0 18.0 17.0 17.0 16.0 16.0 15.0 15.0 14.0 14.0 13.0 13.0 12.0 12.0 DISCOUNT RATE 1 1 .0 11.0 10.0 10.0 5-YEAR TREASURY SECURITIES 9.0 8.0 7.0 3-MONTH TREASURY BILL 30 14 28 II 25 8 22 7 6.0 0 21 1980 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: OCTOBER 31, 1980 — 1980 SEP. OCT. NOV. 5 12 19 26 3 10 17 24 31 * 7 14 21 28 FEDERAL FUNDS K* 10.47 10.22 10.64 10.86 12.38 12.59 12.64 12.55 13. 17 3-MONTH TREASURY BILL 9.78 10.09 10. 26 10.45 11.39 11.24 11.07 11.66 12.47 6-MONTH TREASURY B 1LL *** 10.25 10.23 10.88 10.82 11.72 11.14 11.28 11.41 12.28 1-YEAR TREASURY BILL 9.84 10. 15 10.58 10.94 11.14 10.87 10.85 11.36 12.12 SECURITIES 11.23 11.31 11.68 12.01 11.80 11.46 11.55 11.89 12.59 TREASURY SECURITIES 11.03 11.14 11.37 11.66 11.71 11.35 11.31 11.63 12.00 * AVERAGES OF RATES AVAILABLE. ** SrnoBCkiTYniT*RADociD0?uWTur |J® 1NG WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN. ^ ^SRfcL.cAI*4PPEAR iN THE B0ARD 0F GOVERNORS’ H.9 RELEASE. NfcW I SoUE RATE !££&# http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis computed by thf feder*l reserve BANK OF ST. LOUIS. PREPARED BY FFDERAL RESERVE BANK OF ST. LOUIS 7 8 MULTIPLIERS!/ CURRENCY OF MONEY STOCK MEASURES 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 2.9 RATIO SEP. 17 MONEY MULTIPLIERS OCT. RATIO 1980 SEP. 17 2.497 OCT. I I I I I I I I I I I I I 1 I I LATEST DATA PLOTTED WEEK ENDING: OCTOBER 22, 1980 BILLIONS OF DOLLARS BILLIONS OF DOLLARS 118 COMPOUNDED ANNUAL RATES OF AVERAGE ur OF wr CHANGE. onMituc, «vcirvnuc ----- THE FOUR WEEKS ENDING OCTOBER 22, 1980 FROM - THE FOUR WEEKS ENDING: —AUG. 20, 1980 JUL. 23, 1980 - JUN. 25, 1980 MAY 21, 1980 - APR. 23, 1980 JAN. 23, 1980 - OCT. 24, 1979 10.1 11.6 11.8 11.3 10.9 9.7 9.0 CURRENCY 1980 SEP. 17 BILLIONS 1 13.9 1 14.6 1 1 41 7 114.9 115:3 ■LllLll 1979 1980 LATEST DATA PLOTTED WEEK ENDING: OCTOBER 22, 1980 1/ RATIO OF MONEY STOCK (MIA) OR (MlB ) TO ADJUSTED MONETARY BASE 2/ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis H.6 RELEASE. 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 285 SEP. 272.2 268.4 267. 1 271.5 272.7 271.9 ii-LLi I I I 14 28 NOV 12 26 9 23 DEC 6 20 5 FEB MAR 19 2 18 30 14 28 II 25 9 23 6 20 1980 LATEST DATA PLOTTED WEEK ENDING: CURRENT DATA APPEAR OCTOBER 22, 1980 IN THE BOARD OF GOVERNORS' H.6 RELEASE. DEMAND DEPOSIT COMPONENT OF MONEY STOCK ( Ml A ) COMPOUNDED ANNUAL RATES OF CHANGE 10/24/79 1/23/80 3/19/80 4/23/80 AVERAGE OF FOUR WEEKS ENDING: 5/21/80 6/25/80 7/23/80 8/20/80 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/19/80 4/23/80 5/21/80 6/25/80 7/23/80 8/20/80 9/24/80 10/22/80 3.4 -0.4 -2.7 -0.7 -0. 1 2.0 3.7 3.7 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -4.0 -7. 1 -3.0 -1.7 1 .4 3.7 3.8 -15.5 -6.4 -3.9 0.7 3.9 4.0 -1.5 0.6 5.7 8.6 8.0 9.3 13.7 15.2 13.2 14.6 16.3 13.4 21.4 15.9 12.3 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 10 SAVINGS PLUS SMALL TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUS I ED BILLIONS OF DOLLARS 485 r;------- 1------------ 1----BILLIONS 1980 475 BILLIONS OF DOLLARS ----- ------------ ------- =3 485 466.4 466.4 466.8 — OCT. 470.6 470.7 llLuu. 5 19 3 17 31 14 28 NOV 12 26 9 23 6 20 5 19 2 16 30 14 28 II 25 9 23 6 20 3 17 DEC LATEST DATA PLOTTED WEEK ENDING: OCTOBER 22, CURRENT DATA APPEAR I960 IN THE BOARD OF GOVERNORS’ H.6 RELEASE. TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN 8100,000. SAVINGS PLUS SMALL TIME DEPOS1TS COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING: 1/23/80 3/19/80 4/23/80 5/21/80 6/25/80 7/23/80 8/20/80 10/24/79 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/19/80 4/23/80 5/21/80 6/25/80 7/23/80 8/20/80 10/22/80 7.5 8.9 8.4 8.8 9.3 9.5 9.4 9.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9.4 8.5 9.0 9.8 10.0 9.8 9.7 10.6 10.7 11.5 11.5 10.9 10.7 8.5 10.2 10.5 10.0 9.9 12.3 12. 1 1 1.0 10.7 12.8 1 1 .0 10.6 9.7 9.6 8.7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS BORROWINGS FROM FEDERAL RESERVE BANKS ALL MEMBER BANKS IN THE NATION AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS 5.5 r=---------1--------------- 1-----I98£ SEP. BILLIONS OF DOLLARS ------ --------------- --------- 5.5 MILLIONS, 24 1630 1 107 I I I I 1 SEP OCT NOV DEC JAN FEB MAR APR 1979 MAY JUN JUL AUG SEP IS 29 OCT 12 26 NOV 1980 LATEST DATA PLOTTED WEEK ENDING: OCTOBER 29, 1980 BUSINESS LOANS ( COMMERCIAL AND INDUSTRIAL ) WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED BILLIONS OF DOLLARS 176 BILLIONS OF DOLLARS 176 --------- 1------------1----------1----------1-----------174 172 170 168 166 “ COMPOUNDED ANNUAL RATES OF CHANGE AVERAGE OF - THE FOUR JlfEEKS ENDING - - THE FOUR WEEKS ENDING: - AUG. " JUL. JUN. - MAY - APR. - JAN. 164 20, 23, 25, 21, 23, 23, 1980 1980 1980 1980 1980 1980 - - 168 - 166 r 7.5 8.4 - 158 /\ - - 164 - /A As - / - - - f - -_y 150 148 146 0 1980 MILLIONS ~ - SEP. 17 163,988 “ - OCT. 1 166,261 “ 15 165,743 “ J 1 1 5 19 SEP i i i i 1 1 1 1 II II 1 1 3 17 31 14 28 12 26 S 23 DEC JAN NOV OCT LATEST DATA PLOTTED WEEK ENDING: http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 172 170 21.0 19.8 16.3 n .3 162 160 174 1 1 1 6 20 FEB 1 1 1 S 19 MAR OCTOBER 22. 1111 in 111 I.LL1 2 16 30 14 28 11 25 9 23 APR MAY JUN JUL mi 6 20 AUG 11111111 3 17 SEP 160 158 156 154 152 150 148 146 m i; 1 IS 29 12 2 OCT NOV 1980 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 162 0 12 LARGE TIME DEPOSITS ALL COMMERCIAL BILLIONS OF DOLLARS BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 208 206 204 202 200 196 190 188 186 178 176 I 979 LATEST DATA PLOTTED WEEK END INGi OCTOBER 22, 1980 1980 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
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