Full text of U.S. Financial Data : Week Ending: September 9, 1981
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F/A//1 /VC//1I. 0/1 T X\ Week ending: September 9, 1981 LIBRARY m Depositorya newInstitutions Deregulation CommitteeThe has established category of time deposits called the All-Savers Certificate (ASC). The committee has stipulated that ASCs can be offered in any denomination. The ASC also must have a maturity of one year and can be offered by depository institutions from October 1, 1981, through December 31, 1982. In addition, the ASC must have a fixed annual investment yield equal to 70 percent of the average investment yield for the most recently auctioned 52-week U.S. Treasury bills. Thus, on any given day all depository institutions must provide the same yield to maturity and there is no differential in favor of thrift institutions. Fifty-two week U.S. Treasury bills normally are auctioned every four weeks on Thursday. The average investment yield determined by the latest auction is then applicable beginning the following Monday. In the Treasury's September 3 auction, the average investment yield was 18.01 percent. Thus, ASCs issued starting on October 1 will carry annual yields of 12.61 percent. Individuals will be able to earn up to $1,000 in tax-free interest on ASCs that conform to the committee's rules. Couples filing joint returns will be eligible for as much as $2,000 in tax-free interest. These are lifetime, not annual, ceilings. Regardless of which taxable years that interest is earned, no more than a total of $1,000 ($2,000 in case of a joint return) can be excluded from federal gross income for all taxable years. Interest earned on a particular ASC may not be excluded from gross income, however, if either a portion of the principal of that ASC is redeemed prior to its maturity, or any portion of that ASC is used as collateral for a loan. Under existing rules, which also hold for the ASC, withdrawal of all or part of the principal of an ASC will result in a penalty equal to three months' interest on the amount withdrawn. Prepared by Federal Reserve Bank of St. Louis http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Released: September 11, 1981 2 ADJUSTED MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS BILLIONS OF DOLLARS 174 1981 AUG. BJ.LU0.NS 172 168.4 168.9 169.2 169.3 168.4 168.0 170 168 166 160 158 FEB MAR MAY JUN 1980 LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 9, 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: 9/10/80 12/10/80 2/11/81 3/11/81 4/8/81 5/6/81 6/10/81 7/8/81 5.0 6. 1 6. 1 6.4 6.4 5.9 6.3 5.9 2.7 3.4 4.5 4.8 4.3 5. 1 4.7 9. 1 9. 1 8.3 6.8 7.5 6.6 7.3 7.0 5.5 6.6 5.7 7.6 5.4 6.8 5.7 3.9 6.2 5.0 6.0 4.4 6.0 TO THE AVERAGE OF FOUR WEEKS ENDING: 2/11/81 3/11/81 4/ 8/81 5/ 6/81 6/10/81 7/ 8/81 8/12/81 9/ 9/81 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 billions of dollars BILLIONS AUG. 47.2 47.8 47.6 I JAN 15 29 12 20 9 23 FEB 1980 LATEST DATA PLOTTED WEEK ENDING; SEPTEMBER 2, 1981 1/ ADJUSTED MONETARY BASE LESS CURRENCY HELD BY THE N0N8ANK 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 ENDING: 9/3/80 12/3/80 2/4/81 3/4/81 4/1/81 4/29/81 6/3/81 3.7 5.4 4.6 4.4 5.0 4.5 4.5 5.5 -5.0 -3.8 -2.6 -0.4 -0.4 0.3 2.0 7.3 5.8 6.8 5.5 5.3 6.9 1 .4 4.4 3.3 3.6 5.7 6.4 4.4 4.4 6.7 5.1 4.9 7.6 2.5 7.0 7/1/81 TO THE AVERAGE OF FOUR WEEKS ENDING: 2/ 4/81 3/ 4/81 4/ 1/81 4/29/81 6/ 3/81 7/ 1/81 8/ 5/81 9/ 2/81 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10.2 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 JUL. AUG. 29 360.4 363.8 363. 360.3 361.2 360.3 355 Mil 2 16 30 I I I I 13 27 10 24 8 22 II I I 5 19 3 17 31 14 28 II JAN 25 FEB II 25 8 22 MAR 6 20 3 17 MAY JUN 1 IS 29 12 28 9 23 LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 2, 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 (MIA) COMPOUNDED ANNUAL RATES OF GHANGE 9/3/80 12/3/80 2/4/81 AVERAGE OF FOUR WEEKS ENDING: 3/4/81 4/1/81 -1.9 -3.2 -4.8 -4.0 -3.2 -1 .9 -4.4 -3.5 -2.6 4/29/81 8/3/81 7/1/81 -5.1 -3.1 0.0 TO THE AVERAGE OF FOUR WEEKS ENDING-. 2/ 4/81 3/ 4/81 4/ 1/81 4/29/81 6/ 3/81 7/ 1/81 8/ 5/81 9/ 2/81 -6.9 -8.3 -8.0 -6.8 -6.6 -6.9 -6.3 -5.8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -22.7 -19.1 -15.4 -13.5 -13.0 -11.4 -10.2 -10.8 -6.6 -6.2 -6.9 -5.8 -4.9 -7.3 -5.2 -3.7 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK ( MlB ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 450 BILLIONS AUG. 445 433.7 434.3 430.6 432.0 430.9 — SEP. 440 435 430 425 420 415 410 405 400 395 390 111! 2 16 30 13 27 AUG 10 24 8 22 5 IS 3 17 31 14 28 JAN SEP II 25 FEB II 25 8 22 6 20 3 17 MAR 1980 LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 2. 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 (MIB) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 9/3/80 12/3/80 2/4/81 3/4/81 11.2 16.2 8.8 5.8 5.3 5.5 18.5 7.9 4.4 4.2 4.5 4/1/81 4/29/81 6.7 2.6 2.8 3.5 -6.7 -3.2 -1 . 1 6/3/81 7/1/81 TO THE AVERAGE OF FOUR WEEKS ENDING: 2/ 4/81 3/ 4/81 4/ 1/81 4/29/81 6/ 3/81 7/ 1/81 8/ 5/81 9/ 2/81 6.7 7.4 7.9 10.0 7.6 6.2 5.9 6.0 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2.8 4.6 8.5 5.3 3.7 3.7 4.0 -0.9 1 .3 4.8 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 PR ME BANK LOAN RATE 20.0 19.0 90 DAY CD'S 18.0 18.0 17.0 17.0 16.0 16.0 15.0 15.0 14.0 14.0 13.0 13.0 CORPORATE Aaa BONDS 12.0 11.0 11.0 10.0 9.0 8.0 7.0 I 15 29 12 26 10 24 7 21 NOV 5 19 DEC 2 IB 30 13 27 FEB 13 27 MAR 10 24 0 22 5 19 3 17 APR 31 14 28 AUG 11 25 0 SEP 1980 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: SEPTEMBER 11, 90 DAY CD'S 1981 JULY AUG. SEP. 3 10 17 24 31 7 14 21 28 4 1 1 * 18 25 17. 10 17.68 17.47 18. 18 17.82 18.04 17.88 18.03 18.02 17.74 17.67 PRIME COMMERC1AL PAPER xaeK 16.07 16.60 16.55 17. 13 16.77 17. 16 16.95 17. 15 16.94 16.80 16.77 PRIME BANKERS' ACCEPTANCES 16.58 17.03 16.86 17.55 17.26 17.41 17.23 17.34 17.24 17.07 16.92 CORPORATE Aaa BONDS 14.04 14. 19 14.25 14.55 14.61 14.82 14.62 14.78 15.21 15.50 15.70 CORPORATE Baa BONDS 15.97 16.05 16. 15 16.30 16.25 16.31 16.21 16.25 16.54 16.77 16.92 1981 MUNICIPAL BONDS K*** *** 10.85 10.97 11.09 11.34 11.44 11.63 11.94 12.49 12.97 13. 10 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 PERCENT 22.0 -□22.0 21.0 21.0 FEDERAL FUNDS RATE 20.0 19.0 18.0 , 3-MONTH +- TREASURY BILL 15.0 15.0 14.0 13.0 5-YEAR TREASURY SECURITIES 1 I .0 DISCOUNT RATE 10.0 4 18 JUL 1 15 AUG 29 12 26 10 24 SEP OCT 1 980 7 21 5 NOV DEC 19 2 16 30 JAN 13 27 FEB 13 27 MAR 10 24 APR 8 22 MAY 1981 JUN JUL AUG SEP LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: SEPTEMBER 11, 1981 1981 JULY AUG. SEP. 3 10 17 24 31 7 14 21 28 4 1 1 * 18 25 FEDERAL FUNDS K* 3-MONTH TREASURY BILL 18.84 19.93 18.76 19.05 18.54 18.25 18.29 18. 19 17.41 16.89 16.50 14.34 14.82 14.56 15.50 15.07 15.43 15.25 15.63 15.71 15.59 15.34 6-MONTH TREASURY BILL *** 13.62 14.05 14.23 15.32 14.79 15.57 15. 12 15.64 15.85 15.65 15.80 1-YEAR TREASURY BILL 5-YEAR TREASURY SECUR1T1ES LONG-TERM TREASURY SECURITIES 13.30 13.58 13.56 14.40 14.25 14.63 14.43 14.70 14.99 15.05 14.92 14.28 14.48 14.53 15. 17 15. 13 15.45 15. 13 15.51 16.04 16. 13 16.23 13.22 13.28 13.29 13.74 13.76 14.06 13.71 13.89 14.45 14.64 14.75 * 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. NEW ISSUE RATE BANK OF ST. LOUIS. Asa# http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis computed by the federal reserve PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 7 8 MULTIPLIERS 1/ CURRENCY OF MONEY STOCK MEASURES u AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 3.0 1981 MIA RATIO 2.9 MONEY MULTIPLIERS 2.8 2.7 2.6 2.5 2.4 2.3 RATIO 2.2 2. 1 I I I I I I I 1 I I I I I I I I I LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 2, 1981 BILLIONS OF DOLLARS 124 BILLIONS OF DOLLARS COMPOUNDED ANNUAL RATES OF urwnoL. CHANGE. wvtnwt AVERAGE ur OF ur ---- THE FOUR WEEKS ENDING SEPTEMBER 2, 1981 FROM - THE FOUR WEEKS ENDING: —JUL. JUN. - APR. APR. - MAR. DEC. - SEP. 1,1981 3,1981 29,1981 1,1981 4,1981 “ ------1980 5.9 5.1 5.4 6.5 6.6 “ ’ CURRENCY 1981 BILUQNS JUL. 29 AUG. 5 2 .2 2 .2 I 1 LLL1 I I I 1 I I I I 2 16 30 13 27 AUG 10 24 8 22 3 17 31 14 28 II 25 II 25 8 22 6 20 3 17 1 IS 29 12 26 9 23 SEP 1980 LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 2, 1981 1/ RATIO OF MONEY STOCK (MIA) OR (MIB) 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 DEMAND DEPOSIT COMPONENT OF MONEY STOCK (MIA) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 285 r----------------- —>----- LLlONS OF DOLLARS "I----------r u 265 JUL. 2 16 30 13 27 10 24 SEP 8 22 5 10 3 17 OCT 1980 31 14 28 JAN 11 25 FEB II 25 29 8 22 MAR MAY 1981 LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 2, 1981 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. DEMAND DEPOSIT COMPONENT OF MONEY STOCK ( MIA ) COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 9/3/80 12/3/80 2/4/81 3/4/81 4/1/81 4/29/81 6/3/81 7/1/81 -6.7 -9.2 -8.3 -6.7 -12.2 -10.0 -7.7 -9.9 -6.7 -2.9 TO THE AVERAGE OF FOUR WEEKS ENDING: 2/ 4/81 3/ 4/81 4/ 1/81 4/29/81 6/ 3/81 7/ 1/81 8/ 5/81 9/ 2/81 -12.8 -14.7 -14.4 -13. 1 -12.7 -12.9 -12.2 -11.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -33.3 -28.9 -24.4 -21.9 -21.0 -19.0 -17. 1 -18.8 -13.6 -12.6 -13.0 -1 1.7 -10.1 -7.4 -8.5 -10.0 -9.1 -7.6 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 IQ SAVINGS PLUS SMALL TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 510 ILL IONS AUG. 505 492.7 495. I 495.6 500 496.5 495 490 485 480 475 470 465 I I I I I I I I 30 13 27 AUG 10 24 8 22 5 19 3 17 31 H 28 JAN SEP II 25 1 I 25 8 22 6 20 FEB 1980 LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 2, 1981 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. TIME DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN $100,000. SAV1NGS PLUS SMALL TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 9/3/80 12/3/80 2/4/81 3/4/81 4/1/81 4/29/81 6/3/81 7/1/81 9.0 7.9 7.7 7.0 6.8 6.6 6.7 7. 1 3.6 4.2 3.8 4. 1 4.3 4.6 5.4 4.3 3.6 4.0 4.3 4.8 5.8 4.3 4.6 4.8 5.3 6.3 3.8 4.3 5.0 6.3 5.2 5.9 7.3 6.3 8. 1 9.3 TO THE AVERAGE OF FOUR WEEKS ENDING: 2/ 4/81 3/ 4/81 4/ 1/81 4/29/B1 6/ 3/81 7/ 1/81 8/ 5/81 9/ 2/81 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 = M. BILLIONS OF DOLLARS 0 millions 1726 SEP. 2 I I I I 2 16 30 13 27 AUG 10 24 8 22 5 19 3 17 31 14 JAN SEP 28 II 25 FEB 1 MAR 1980 LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 9, 19 BUSINESS LOANS ( COMMERCIAL AND BILLIONS OF DOLLARS 196 INDUSTRIAL) WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED BILLIONS OF DOLLARS 196 ------------1------- 1------- 1--------I COMPOUNDED ANNUAL RATE - OF CHANGE, AVERAGE OF s - THE FOUR WEEKS ENDING - SEPTEMBER 2, 1981 FROk - THE FOUR WEEKS ENDING 184 - JUL. - JUN. - APR. “ APR. “MAR. _ DEC. _SEP. 1, 3, 29, 1 , 4, 3, 3, 1981 1981 1981 1981 1981 1980 1980 E 22.7 22.8 24.5 22.3 17.6 11.7 14.3 = I E E E t / —^ / r~ 180 176 172 E - 168 / 164 160 198 T IT - 1 1 1 2 16 JUL 30 1 1 1 III 1 1...I.L 10 24 8 22 5 SEP NOV 13 27 AUG OCT 1980 19 1111 3 17 DEC 31 _U_L _LLL 14 28 11 25 JAN FEB 1I 11 I MAR INI 22 25 8 APR -Ul. 6 20 MILLIONS - 181,375 _Z . JUL. 29 184,785 AUG. 5 12 184,478 19 183,887 26 184,503 186,197 SEP. 2 111111111 ii 111; J LL 3 17 MAY JUN 1981 1 15 JUL 29 12 AUG 26 9 23 SEP LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 2, 1981 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 BILLIONS OF DOLLARS 275 p- ILL IONS OF DOLLARS 275 BILLIONS 195 =- 2 16 30 13 27 10 24 8 22 5 19 3 17 31 14 28 11 25 1 I 25 JAN FEB MAR LATEST DATA PLOTTED WEEK ENDING: SEPTEMBER 2, 8 22 6 20 3 17 1981 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' 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
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