Full text of U.S. Financial Data : Week Ending: September 1, 1982

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

F//V/1/VCI/U.

r* s%-r

Week ending: September 1, 1982
l.irraf?v

SEP 7

t88£

The Depository Institutions Deregulation Committee
(DIDC) has authorized commercial banks and thrift institutions to
offer a new time deposit account, beginning September 1, 1982.
The new account is non-negotiable, has a minimum denomination
of $20,000 and a maturity or required notice period of 7 to 31
days. Other
restrictions prohibit
swap
arrangements
and
third-party drafts. Currently, the 91-day Treasury bill rate
(auction average on a discount basis) is the new account's ceiling
rate at thrift institutions, while the bill rate less 25 basis points is
its ceiling rate at commercial banks. The ceiling, which is
suspended if the bill rate remains at or below 9 percent for four
consecutive Treasury bill auctions, will be lifted on May 1, 1983.
In view of the DIDC action, the Federal Reserve Board
recently classified the new account as a time deposit for the
purpose of computing reserve requirements. Previously, accounts
with maturities of 7 to 13 days were considered demand deposits,
subject to reserve requirements of either 3 percent or 12 percent.
Under the new rules, personal accounts of 7 to 31 days meeting
the DIDC restrictions will be free of reserve requirements, and
nonpersonal accounts will be subject to a 3 percent reserve
requirement. The shortest maturity of all other time deposits
remains 14 days.
The Federal Reserve Board has also removed the
Regulation Q interest rate ceiling from small denomination
repurchase agreements (RPs) effective September 1, 1982. Small
denomination, or retail, repurchase agreements are RPs in
denominations of less than $100,000. Previously, retail RPs were
treated as deposits, subject to the rate ceiling, if they were
automatically renewable or had maturities of 90 days or more.
Retail RPs are a non-reservable source of funds to commercial
banks and thrift institutions. They represent a fractional interest
in a U.S. government or agency security, which the bank agrees to
repurchase later at a specified price.

Prepared by Federal Reserve Bank of St. Louis
Released: September 3, 1982


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
82

BILLIONS
178. I
178.3
179.5
179.7
179.7
179.4

I I II

1981
LATEST DATA PLOTTED WEEK ENDING-. SEPTEMBER

1982

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 ALL DEPOSITORY INSTITUTIONS), 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 AVAIL­
ABLE FROM THIS BANK.

ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
9/2/81

12/2/8!

2/3/82

3/3/82

3/31/82

4/28/82

6/2/82

6/30/82

4.8
5.8
5.7
6.3
6.8
7. 1
6.4
6.7

10.3
9. 1
9.5
9.6
9.6
8.3
8.5

8.2
9. 1
9.4
9.5
7.7
8. 1

8.2
8.8
9. 1
7. 1
7.7

10.4
10.3
7.5
8.1

9.9
6.5
7.4

4.7
6.5

5.0

TO THE AVERAGE
OF FOUR WEEKS
ENDING-.
2/ 3/82
3/ 3/82
3/31/82
4/28/82
6/ 2/82
6/30/82
8/ 4/82
9/ 1/82


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

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

ADJUSTED RESERVES
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
52 —---------1---------- ,--------

BILLIONS OF DOLLARS
-------------------------------- 52

BILLIONS
49.8
49.2
49.0
50.2

AUG.

49.9

JUL

AUG

SEP
OCT
1981

NOV

DEC

JAN

FEB

LATEST DATA PLOTTED WEEK ENDING: AUGUST 25,

1982

MONETARY BASE (RESERVE ACCOUNTS OF FINANCIAL INSTITUTIONS AT FEDERAI RFSFRVF
BANKS PLUS CURRENCY IN CIRCULATION) LESS CURRENCY HELD BY THE NONBANK PUBLIC.

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE,
8/26/81

M/25/81

-1.5
3.4
4.0
3.8
3.9
5.3
3.6
4.4

16.3
14.4
11.5
10.5
1 1.8
8.4
8.9

1/27/82

AVERAGE OF FOUR WEEKS ENDING:

2/24/82

3/24/82

4.9
5.0
8.4
3.9
5.4

3.6
8.5
3.0
4.9

4/28/82

5/26/82

6/23/82

2.4
5.8

0.0

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/27/82
2/24/82
3/24/82
4/28/82
5/26/82
6/23/82
7/28/82
8/25/82


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

20.8
13.3
11.4
13.0
8.2
8.9

12.6
3.3
5.7

PREPARED BY FEDERAL RESERVE BANK OF ST.

3

LOUIS

4
MONEY STOCK (Ml )

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
470

gILL JONS

AUG.

465

450.5
451 .3
453.5
453.6
454.8
456.3

460
455

450
445

440

435

430

425

2

OCT

16 30

NOV

13

27

JAN

LATEST DATA PLOTTED WEEK ENDING: AUGUST 25,

10 24

10 24

7

2

21

16 30

14 28

II

25

8

22

FEB
1982

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
Ml 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 OFF ICIAL INST I TUT IONS>
AND OTHER CHECKABLE DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS' CHECKS.

MONEY STOCK ( Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,
8/26/81

11/25/81

10.0
7.7
7.0
7.6
6.4
6. 1
5. 1
5.5

11.2
9.0
9.5
7.5
6.9
5.4
5.9

1/27/82

AVERAGE OF FOUR WEEKS ENDING:

2/24/82

3/24/82

4/28/82

5/26/82

6/23/82

7.2
3.9
3.7
2.2
3.3

4.6
4. 1
2.1
3.5

-0. 1
-1.1
1.3

-0.3
2.7

2.6

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/27/82
2/24/82
3/24/82
4/28/82
5/26/82
6/23/82
7/28/82
8/25/82


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

-0.9
3.6
2.0
2.2
1.2
2.3

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO

RATIO

RATIO

AUG.
Ml MULTIPLIER

LATEST DATA PLOTTED WEEK ENDING: AUGUST 25,

1982

BILLIONS OF DOLLARS
’32 ------------- 1---------- ,------

BILLIONS OF DOLLARS
------------------------------ 132

COMPOUNDED ANNUAL RATES
OF vnni'iot,
CHANGE, «vcn«uc
AVERAGE ur
OF
vi
-----THE FOUR WEEKS END ING
AUGUST 25, 1982 FROM
- THE FOUR WEEKS ENDING:
—JUN.
MAY
- APR.
MAR.
-----FEB.
NOV.
- AUG.

23,
26,
28,
24,
24,
25,
26,

1982
1982
1982
1982
1982
1981
1981

5.1
7.4
8.0
8.9
8.0
8.6
7.3

CURRENCY

1982

BILLIONS

1 I I I I I I I I I I 1
I

15

29

12

26

9

23

7

21

4

18

2

16 30

13

LATEST DATA PLOTTED WEEK ENDING: AUGUST 25,

27

10 24

10 24

7

21

2

16 30

14

28

II

25

8

22

1982

1/ RATIO OF MONEY STOCK (Ml ) 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

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

22.0

22.0
21.0

20.0

20.0
19.0
18.0
90 DAY
CD'S

17.0

PRIME BANK
LOAN RATE

16.0
15.0
14.0

CORPORATE
Aaa BONDS

13.0
MUNICIPAL
BONDS**

12.0
I I .0

COMMERCIAL
PAPER

10.0
9.0
8.0
0
JUL

AUG

SEP
OCT
1981

NOV

DEC

JAN

FEB

MAR

APR

MAY
1982

JUN

JUL

AUG

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* SEPTEMBER 3,

1982
JULY

AUG.

SEP.

2
9
16
23
30
6
13
20
27
3 *** ***
10
17
24

SEP
1982

90 DAY
CD'S

PRIME
COMMERC1AL
PAPER ***

PRIME
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

CORPORATE
Baa BONDS

MUNICIPAL
BONDS **

15.21
14.80
13.96
12.58
12.01
11.43
11.63
9.77
9.73
10.36

14.68
14.24
13.46
12.05
12.01
11.33
11.50
9.68
9.48
10.42

14.73
14. 15
13.50
12.03
11.71
11.23
11.23
9.66
9.59
10. 13

15.07
14.96
14.65
14.32
14.39
14.22
14.14
13.48
13. 15
13.26

16.95
16.88
16.82
16.70
16.78
16.69
16.71
16.26
15.86
15.77

12.58
12.47
12.36
12.01
11.97
11.87
11.86
10.82
10.38
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

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

21.0

21 .0

20.0

20.0
19.0
18.0
17.0
5-YEAR
TREASURY SECURITIES

16.0

16.0

FEDERAL FUNDS RATE

15.0
14.0
13.0

12.0

DISCOUNT
RATE
1 1 .0

1 1.0
3-MONTH
TREASURY BILL

10.0
9.0
8.0
7.0
0

NOV

DEC

FEB

MAR

1981

1982

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING-. SEPTEMBER 3, 1982

1982
JULY

AUG.

SEP.

2
9
16
23
30
6
13
20
27
3 *
10
17
24

FEDERAL
FUNDS K*

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL #**

1-YEAR
TREASURY
BILL

5-YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

14.81
14.47
13.18
12. 14
11.02
11.15
10.90
10. 1 1
9.04
10. 15

12.81
12.23
11.71
10.64
10.51
9.80
9.70
7.88
7.50
8.34

13.42
12.98
11.97
11.44
11.38
10.67
10.94
9.82
8.99
9.75

12.86
12.50
12.06
11.29
11.50
11.13
11.06
9.71
9.68
10. 16

14.73
14.48
14. 10
13.66
13.89
13.62
13.59
12.53
12.38
12.65

13.85
13.68
13.40
13. 1 1
13.30
13.08
13.02
12. 17
12.04
12.28

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


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

TOTAL CHECKABLE DEPOSITS^
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

__ JUL.
AUG.

BILLIONS of dollars

317.3
318.0
319.
319.9
320.7
322. 1

4

OCT

16

2

16 30

NOV

13 27

JAN

LATEST DATA PLOTTED WEEK ENDING: AUGUST 25,

10 24

10 24

7 21

FEB
1982

1/ DEMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS

TOTAL CHECKABLE DEPOS TS
COMPOUNDED ANNUAL RATES OF CHANGE,
8/26/81

11/25/81

1 1.5
8.2
7.4
7.8
6. 1
5.4
4.3
4.7

11.7
9.4
9.6
6.7
5.7
4. 1
4.7

1/27/82

AVERAGE OF FOUR WEEKS ENDING:

2/24/82

3/24/82

4/28/82

5/26/82

6/23/82

6.5
1.9
1.3
-0.1
1.4

1.8
1.0
-0.6
1.3

-4.4
-4.5
-1.2

-3.0
0.9

1 .6

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/27/82
2/24/82
3/24/82
4/28/82
5/26/82
6/23/82
7/28/82
8/25/82


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

-3.2
1.8
-0.6
-0.6
-1 . 4
0. 1

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

T

TOTAL TIME DEPOSITS^
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
860
850

-

JUL.

833.2
839.7
840.4
841.7
840.3
842.6

840
830
820
10
800
790
780
770
760
750
740
730
720
710
0
JAN

FEB

APR

1981
LATEST DATA PLOTTED WEEK ENDING-. AUGUST 25,

MAY
1982

1982

1/ SAVINGS DEPOSITS PLUS SMALL TIME DEPOSITS PLUS LARGE TIME DEPOSITS

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF FOUR WEEKS ENDING:

8/26/81

11/25/81

1/27/82

2/24/82

3/24/82

4/28/82

5/26/82

6/23/82

5.5
6.8
8.7
10.4
1 1.0
1 1 .7
12.5
12.6

6.5
9.8
12.3
13.0
13.7
14.6
14.4

17.9
19.2
18.6
18.5
18.8
18.0

21 .3
19.9
19.5
19.6
18.6

19.2
18.9
19.3
18. 1

17.4
18.5
17.2

19.3
17.4

17.0

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
1/27/82
2/24/82
3/24/82
4/28/82
5/26/82
6/23/82
7/28/82
8/25/82


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

PREPARED BY FEDERAL RESERVE BANK OF ST.

9

LOUIS

10
SMALL TIME DEPOS I TS 1/
COMMERCIAL BANK SAVINGS DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
420 c---------- 1---------- 1-----

BILLIONS OF DOLLARS
---------------------------- zn 420

COMPOUNDED ANNUAL RATES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
AUGUST 25. 1982 FROM
THE FOUR WEEKS ENDING:
JUN.
MAY
APR.
MAR.
FEB.
NOV.
AUG.

23,
26,
28,
24,
24,
25,
26,

1982
1982
1982
1982
1982
1981
1981

28.5
24.2
24.2
25.8
26.2
19.2
20.5

SMALL TIME DEPOSITS

JUL.

21
28

AUG.

401.7
40318
406:1
406! 9

I I I I I I I I 1 I I I I I 1 I I

I I I I
LATEST DATA PLOTTED WEEK ENDING: AUGUST 25,

1982

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
185
1982
JUL.

piqiONS

180

21
175

AUG.

170
SAVINGS DEPOSITS
165
160
155
=
—
—
=

COMPOUNDED ANNUAL RATES
OF
OF
ur CHANGE. AVERAGE ur
THE FOUR WEEKS ENDING
AUGUST 25, 1982 FROM
= THE FOUR WEEKS ENDING:
E_ JUN.
23, 1982 -14.2
- MAY
26, 1982-10.8
=
APR. 28, 1982
-8.5
-----MAR.
24, 1982
-6.4
=
FEB. 24, 1982
-3.9
=
NOV. 25, 1981
-0.3
“AUG. 26, 1981
-3.0

1111
11111111111111111
1 15 29 12 26 9 23 7 21 4 18
JUL

AUG

SEP
OCT
1981

NOV

150
145
140
135
130
2 16 30 13 27 10 24 10 24

7 21

5 19

DEC

APR

MAY
JUN
1982

JAN

LATEST DATA PLOTTED WEEK ENDING: AUGUST 25,

FEB

MAR

2 16 30 14 28 II 25 8 22
JUL

AUG

SEP

1982

1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN $100,000.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0

BORROWINGS FROM FEDERAL RESERVE BANKS
AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
1982

BILLIONS

of

dollars

MJJLLIONS

JUL. 28

4.0
3.5
3.0
2.5
2.0
1.5
1.0

I I I I
30

JAN

14 28

11

25

8 22

FEB
1982

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 1,

1982

BUSINESS LOANS
(COMMERCIAL AND

INDUSTRIAL)

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

BILLIONS OF DOLLARS

220
216

212
208
204
200

BILLIONS OF DOLLARS

Z
1
1------------- 1---------- —
Z COMPOUNDED ANNUAL RAT ES
- OF CHANGE, AVERAGE OF
Z THE FOUR WEEKS ENDING
- AUGUST 25. 1982 FROM
“THE FOUR WEEKS ENDING
Z
Z
-

JUN.
MAY
APR.
MAR.
FEB.
NOV.

23,
26,
28,
24,
24,
25,

1982
1982
1982
1982
1982
1981

220

E
216

E
212

-A/

6.6
10.0
13.8
17.0
14.5
17.5

E

/

208

E
204

E
200

E

196

196
Z

z

z

z

z

E

192

192

188

188

184

184

E—'

z

180

—

180

212,342
—
213,058
212,221
_Z
213,237
Z
213,201
212,864
1 I I I I I I I I I i F

176

1982

E
176

JUL . 2 1
28
4
1 1
18
'
25

E
172

E
168
=i 111

111

III!

JU

9 23

JUL

AUG

7 21

SEP
OCT
1981

111
4

1111

18

NOV

16 30

DEC

111
13

JAN

LATEST DATA PLOTTED WEEK ENDING: AUGUST 25
1/ BUSINESS LOANS INCLUDE BANKERS

-LLL 1 1 I!,
27 10 24 10 24
FEB

MAR

1 1 1

1 1 1

7 21

5

APR

MAY
1982

19

Jill
2

MILLIONS

16 30 14 28

JUN

JUL

II

AUG

25

8 22

SEP

19B2

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

172
168

12
LARGE TIME DEPOSITS

ALL COMMERCIAL

BANKS

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

ILL IONS OF DOLLARS
290

BILL I
285
280
275
270
265
260
255
250
245
240
235
230
225

I I I I
OCT

NOV

1981
LATEST DATA PLOTTED WEEK ENDING: AUGUST 25,

1982

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
TIME DEPOSITS ISSUED IN DENOMINATIONS OF 1100,000 OR MORE.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS