Full text of U.S. Financial Data : Week Ending: September 8, 1982

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

F//Vi4/VC//UL

a XKT A1

Week ending: September 8, 1982

SEP 1 3 1982

r

.

J

.

,

Large time deposits (deposits in denomination of $100,000 or
more) are an important source of loanable funds to banks. Since these
deposits are free of interest rate ceilings, banks can pay the market rate
of interest on them to attract loanable funds during periods of increasing
loan demand. When loan demand moderates, banks have less incentive
to attract funds through the sale of large time deposits. This is one
factor contributing to the similarity in movements of large time
deposits and business loans.
This pattern in their movement is
illustrated by recent developments in credit markets.

After increasing rapidly throughout the first half of 1982,
business loans at large, weekly reporting commercial banks leveled off
in July and August (see page 11). The rate of increase was about 4
percent from June to August, compared with about 23 percent over the
previous six months. As the table below indicates, the increase in these
loans during the eight-week period ending August 25, 1982, was much
smaller than during the preceding eight-week period.
Large time deposits at all commercial banks also increased
rapidly throughout the first half of 1982, reaching a peak of $279.5
billion in the week of July 28, 1982, before declining to $277.7 billion in
the week of August 25, 1982 (see page 12). The table below indicates
that large time deposits also increased less during the eight-week period
ending August 25, 1982, than during the preceding eight-week period.

Changes in Business Loans and Large Time Deposits
(billions of dollars, seasonally adjusted)

Business loans JJ

Period

. Lar^e „
time deposits £'

5/05/82 - 6/30/82

$ 5.5

$ 9.4

6/30/82 - 8/25/82

0.6

7.6

I/Weekly reporting large commercial banks.
VAll commercial banks.

Prepared by Federal Reserve Bank of St. Louis

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

Released: September 10, 1982

2
ADJUSTED MONETARY BASE
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

82
bllljqns

180

— AUG.

178.3
179.5
79.7
179.7
179.3
180.4

2

16

30

13 27

JAN
LATEST DATA PLOTTED WEEK ENDING:

SEPTEMBER 8,

10 24

10 24

7

21

FEB
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
9/9/81

12/9/81

2/10/82

3/10/82

5.7
6.3
6.2
6.7
7.3
7.0
6.7
6.9

10.3
9. 1
9.5
9.8
9. 1
8.4
8.4

7.4
8.6
9.3
8.4
7.6
7.8

8. 1
9.3
8.2
7.2
7.5

AVERAGE OF FOUR WEEKS ENDING:
4/7/82

5/5/82

6/9/82

7/7/82

8.2
6.7
7.2

4.3
5.8

6.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
2/10/82
3/10/82
4/ 7/82
5/ 5/82
6/ 9/82
7/ 7/82
8/11/82
9/ 8/82


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

11.1
9.0
7.7
7.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

ADJUSTED RESERVES
billions of

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

dollars

billions

of

dollars

BILLIONS
AUG.

49.2
49.0
50.2
50.0
49.2

2

LATEST DATA PLOTTED WEEK ENDING:

16 30

13 27

SEPTEMBER

I,

10 24

10

24

7

21

5

19

2

16 30

14

28

II

25

8

22

19B2

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

ADJUSTED RESERVES
COMPOUNDED ANNUAL RATES OF CHANGE,
9/2/81

2/2/81

2/3/82

13.4
12.2
10.3
10.0
9.8
7.7
8.3

16.0
11.4
10.6
10.2
7.3
8. 1

AVERAGE OF FOUR WEEKS ENDING:

3/3/82

3/31/82

4/28/82

6/2/82

6/30/82

5.5
6.8
7. 1
4.4
5.9

6. 1
6.7
3.6
5.4

8.6
3.9
6.0

1.2
5.0

3.5

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

0.5
3.8
4.4
4.2
4.8
5. 1
4. 1
4.8


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

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

BILLIONS OF DOLLARS

=

aug!

BILLIONS OF DOLLARS
470

465

451.3
453.5
453.6
454.9

460

457. 1
455

450

445

MAY

LATEST DATA PLOTTED WEEK ENDING:

SEPTEMBER 1,

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’

JUN

1982
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 OFFICIAL INSTITUTIONS)
AND OTHER CHECKABLE DEPOSITS OF ALL DEPOSITORY INSTITUTIONS PLUS TRAVELERS’ CHECKS.

MONEY STOCK ( Ml )
COMPOUNDED ANNUAL RATES OF CHANGE,
9/2/81

12/2/81

2/3/82

AVERAGE OF FOUR WEEKS ENDING:

3/3/82

3/31/82

8.3
4.6
2.3
2.4
3.7

6.2
2.7
2.7
4.2

4/28/82

6/2/82

6/30/82

TO THE AVERAGE
OF FOUR WEEKS
END 1NG:
2/ 3/82
3/ 3/82
3/31/82
4/28/82
6/ 2/82
B/30/82
8/ 4/82
9/ 1/82

10.3
7.7
6.8
7.8
6.7
5.6
5.3
5.7


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

10.0
7.8
9.3
7.3
5.6
5.2
5.8

-2.2
3.5
2.2
0.8
1 .2
2.5

-2.7
-0.7
1.8

-0.6
2.9

6.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY MULTIPLIERi/
CURRENCY COMPONENT OF MONEY STOCK 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED
1982

BAJ-IO

Ml MULTIPLIER

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 1,

1982

BILLIONS OF DOLLARS
132 -------------1---------- 1------------- 1----------

BILLIONS OF DOLLARS
132

“ COMPOUNDED ANNUAL RAT ES
OF CHANGE. AVERAGE OF
-----THE FOUR WEEKS ENDING
SEPTEMBER 1, 1982 FRC M
- THE FOUR WEEKS ENDING
—JUN.
JUN.
- APR.
MAR.
-

DEC
SEP

30,
2,
28,
31,

1982
1982
1982
1982
1981
1981

-

6.0
6.7
8.0
8.9

2j
2,

-

8^6
7.5

,

CURRE NCY

-

/

126
-

124

124
-

-

19 12
JUL.
AUG.

-

B ILL 10NS

28
it

128.£
111:

11
SEP.

w Lj_ll

iij

i

15 29 12 26
JUL
AUG
SEP

111

111 -LI. 1.1.

OCT

111 -LI. 1

1 1, ,11,

SEPTEMBER

I,

130.1
1
1 1 1 1

111. -LLL. 1.Ll.l 11111111

2 16 30 13 27 10 24 10 24
DEC
JAN
FEB
MAR

198!
LATEST DATA PLOTTED WEEK ENDING:

118:5

1

2
MAY
1982

16 30 14 28

JUN

JUL

II

AUG

25

8 2<

SEP

1982

1/ RATIO OF MONEY STOCK (Ml ) TO ADJUSTED MONETARY BASE
2/ CURRENT DATA APPEAR


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

IN THE BOARD OF GOVERNORS’ H.6 RELEASE.

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6
YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY
22.0

PERCENT
22.0

21.0

21.0

20.0

20.0

19.0

19.0
18.0
90 DAY
CD'S

17.0

PRIME BANK
LOAN RATE

17.0

16.0

16.0

15.0

15.0

14.0

14.0

CORPORATE
Aaa BONDS

13.0

13.0

12.0
11.0

1 I .0

COMMERCIAL
PAPER

10.0

10.0

9.0
8.0
I I I I

I I I I
AUG

SEP
1981

NOV

0

DEC
1982

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: SEPTEMBER 10,

1982
JULY

AUG.

SEP.

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

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
10.42
10.52

14.68
14.24
13.46
12.05
12.01
11.33
11.50
9.68
9.48
10. 48
10.71

14.73
14. 15
13.50
12.03
1 1 .71
11.23
11.23
9.66
9.59
10. 18
10.32

15.07
14.96
14.65
14.32
14.39
14.22
14.14
13.48
13. 15
13.20
13.02

16.95
16.88
16.82
16.70
16.78
16.69
16.71
16.26
15.86
15.73
15.60

12.58
12.47
12.36
12.01
11.97
11.87
11.86
10.82
10.38
10.74
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 r-

PERCENT
-n 21-0

20.0

20.0

19.0
18.0

18.0

5-YEAR
TREASURY SECURITIES
FEDERAL FUNDS RATE

13.0

13.0
V/
DISCOUNT
RATE

11.0

1 1.0

10.0

3-MONTH
TREASURY BILL

3 17 31

14 28

II

25

9 23

I

NOV

15 29 12 26

12 26

9 23

7 21

4

18

2

16 30

13 27

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: SEPTEMBER 10,

FEDERAL
FUNDS **

1982
JULY

AUG.

SEP.

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

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
B 1LL #«#

14.81
14.47
13.18
12. M
11.02
11.15
10.90
10.11
9.04
10.15
10.14

12.81
12.23
11.71
10.64
10.51
9.80
9.70
7.88
7.50
8.31
8.32

13.42
12.98
11.97
11.44
11.38
10.67
10.94
9.82
8.99
9.75
9.61

1-YEAR
TREASURY
BILL
12.86
12.50
12.06
11.29
11.50
11.13
11.06
9.71
9.68
10. 12
10.04

5-YEAR
TREASURY
SECURITIES
14.73
14.48
14. 10
13.66
13.89
13.62
13.59
12.53
12.38
12.54
12.38

1982

LONG-TERM
TREASURY
SECURITIES
13.85
13.68
13.40
13.11
13.30
13.08
13.02
12.17
12.04
12.16
11.97

* AVERAGES OF RATES AVAILABLE.
** SrnRBPMTYnATARADlf*£0F?K<WT&c IK9i^G«nEDNES0AY TW0 DAYS EARLIER THAN DATE SHOWN.
_ CURRENTDATA APPEAR IN THE BOARD OF GOVERNORS' H.I5 RELEASE.
NtW

155UE RATE

treaIury


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

10 24

DEC

C0MPUTE0 0Y THE FEBERAL RESERVE

BANK OF ST. LOUIS.

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8
TOTAL CHECKABLE DEPOSITS^
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

335

_ JUL.
_
AUG.

325

BILLIONS OF DOLLARS

------ ------------------------- 335

------------- 1---------- 1-----

319.8

— SEP.

320.8
322.0
322.5

I

15 29

12

26

2

9 23

16

30

13 27

JAN

LATEST DATA PLOTTED WEEK ENDING:

SEPTEMBER

10 24

10

24

7

21

5

19

2

16 30

14 28

I I

25

8 22

FEB

I,

1982

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

TOTAL CHECKABLE DEPOSITS
COMPOUNDED ANNUAL RATES
9/2/81

12/2/81

OF CHANGE,

2/3/82

3/3/82

-5.3
1.5
-0.5
-2.4
-1 .4
0.3

7.8
2.7
-0.5
0.2
2.0

AVERAGE OF FOUR WEEKS ENDING:

3/31/82

4/28/82

4.1
-0.5
0.4
2.4

-7.3
-3.9
-0.5

6/2/82

6/30/82

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

1 1.8
8. 1
7.0
8. 1
6.3
4.6
4.4
5.0


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

10.3
7.7
9.3
6.4
4. 1
3.9
4.7

-3.2
1.3

6.7

PREPARED BY FEDERAL RESERVE BANK OF ST,

LOUIS

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

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
860

BI LI IQN$
AUG.

850

839.7
840.4

840

840.3
842.5
843.7

830
820
810
800
790
780
770
760
750
740
730
720
710
JJ. 1 L
OCT

NOV

LATEST DATA PLOTTED WEEK ENDING:

APR
SEPTEMBER I,

MAY

1982

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

TOTAL TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
9/2/81

12/2/81

2/3/82

3/3/82

19.8
20.3
19.3
18.9
19.4
18.0

20.9
19.4
18.9
19.5
17.8

AVERAGE OF FOUR WEEKS ENDING:

3/31/82

4/28/82

18.8
18.3
19.2
17.3

6/2/82

6/30/82

17. 1
18.6
16.4

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

5.3
7.3
9.0
10.4
11.2
11.7
12.7
12.4


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

8. 1
1 1 .0
12.8
13.6
14. 1
15. 1
14.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

0

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

BILLIONS OF DOLLARS
420 E---------- 1---------- 1------------- 1---------- —
410
400
390
380
370

E
=
HI—
Z

COMPOUNDED ANNUAL RA1 ES
OF CHANGE. AVERAGE OF
THE FOUR WEEKS END 1NC
SEPTEMBER 1, 1982 FRC
THE FOUR WEEKS END 1NC

—
=
=
—
Z
-

JUN.
JUN.
APR.
MAR.
MAR.
DEC.
SEP •

BILLIONS OF DOLLARS
420
E

Z

30,
2,
28,
31,
3,
2.
2.

1982
1982
1982
1982
1982
1981
1981

26.6
23.5
23.3
24.9
25.4
19.3

'

=

400
E
E

SMALL TIME DEPOS TS

E

L

E

360
350

E

E

340

340
E

/

=

28
4

403.8
406.1

=
z

18
25
1

L

JUL.
AUG.

,
z
310
t:
-1.1. Li.

B lUO NS

408.0
408.9
408.6

z

19!52

320

111

1111

1 i_L

111

iin

111

11.1. 1111

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 1,

111

Mill

111

1

330
320
310

i

1 1 1 1 1 1

1111

1982

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
185

E

1982

175

=

28
4

156.4
155.9

-

18
25
1

156!C
155.9
155.9

175

SEP.

E

BILLIONS

JUL.
AUG.

180

—1

170

1
170
165

380

E

1

330

390

370

20.0

360
350

410

‘

180

SAV1NGS DEP(5SITS
E

N

E

z

E
Z

=

COM 5OUNDE D ANNW\L RAT ES

Z

THE FOUR WEEKS END 1NC
SEPTEMBER 1, 1982 FRC M
THE FOUR WEEKS END 1NC

=

E

EL JUN.
Z
JUN.

30,
2,
- APR. 28,
—MAR. 31,
= MAR.
3,
= DEC.
2,
j=-SEP.
2,

1982 -12.7
1982 -10.8
1982 -8.1
1982 -6.8
1982 -3.9
1981
-0.5
1981
-2.5

§
E

‘*1 1 1 1 1 1 1 1 l 1 1 1 1 1 1 1 1 1
-1-1 1
15 29

JUL

E

12

AUG

26

-11. 1 1
2

SEP
OCT
1981

NOV

_LLL

16 30

DEC

LU-1. J.i.1 1

13 27

JAN

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 1,

10 24

FEB

-L-LL i 1 i 1.

MAR

i .u i
t

10 24

APR

MAY
1982

16 30

JUN

mi
14

JUL

1 1 1 1

111
28

II

AUG

25

j

8 22

SEP

1982

1/ COMMERCIAL BANK TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN S


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

165
160
155

BORROWINGS FROM FEDERAL RESERVE BANKS
BILLIONS OF DOLLARS
4.5 r----------- 1---------- 1----1982

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
------ ---------------------- =] 4-5

MlLLIONS

I I I I
1

15

29

12

26

9

23

7

21

■4

18

2

16 30

13

27

10

JAN

24

10

24

7

21

30

14

28

I I

25

8 22

FEB

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 8,

1982

BUSINESS LOANS

( COMMERCIAL AND

u

INDUSTRIAL )

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

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
----------------------------=] 220

220 r---------- ,--------- 1----=
IT

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
SEPTEMBER 1, 1982 FROM
THE FOUR WE^K----------------

Z_ JUN. 30,
- JUN. 2,
Z APR. 28,
- MAR. 31,
Z MAR. 3,
-DEC. 2,
“SEP. 2,

1982
1982
-------

13.9
15.0

MIUJ._QNS
JUL. 28
AUG. 4

213,058
213,237
213,20

SEP.
I

15

29

12

26

9

23

7

21

1

214,69

111I I I I I I I I I
30

13

27

JAN

10 24

10

24

7

21

30

14

28

II

25

FEB

LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 1,

1982

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

11

12
LARGE TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

I ILL IONS OF DOLLARS

LLIONS OF DOLLARS

290
BILLIONS
-

285

JJL.

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

I I I I

I I I I

1981
LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 1,
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’

1982
H.6 RELEASE.

TIME DEPOSITS ISSUED IN DENOMINATIONS OF $100,000 OR MORE.


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