u.s. financial data: april 28, 1988 - st. louis fed · 'mt research library corral reserve...

'MT

research library

corral Reserve Bank

Lii.Srfiiiiancial DataApril 28, 1988

THE WEEK'S HIGHLIGHTS:

is Real GNP for the first quarter of 1988 grew at an annual rate of 2.3 percent, down from 4.6 percent in the second half of 1987. First- quarter GNP reflected increases in personal consumption expenditures and business investment in durable equipment, a slight narrowing of the trade deficit, and slowing inventory accumulation and federal spending.

Personal income in March rose at a 9.5 percent rate, up from a revised 7.1 percent rate in February. Compared with a year earlier, March personal income was up 6.5 percent.

is The personal consumption deflator rose at a 2.3 percent rate in the first quarter and was up 3.8 percent from early 1987.

is New factory orders for durable goods in March were $114.3 billion, little changed from their pace in February or January. Orders for the first three months of 1988, however, were 12.3 percent above the first three months of 1987.

Tin-:1IDKKVIA RESERVE

Mt HANK ol' Mr ST. IXH IS

Views expressed do not necessarily reflect official positions of the Federal Reserve System.Digitized for FRASER http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis

2

ADJUSTED MONETARY BASEAVERAGES OF DAILY FIGURESSEASONALLY ADJUSTED BY THIS BANKBILLIONS OF DOLLARS

278 ---------- 1------------- 1-----BILLIONS OF DOLLARS ------------------------------- 278

273.6274.1276.3

II 25 8 22 8 20 5 17 1 15 28 12 28 8 25 7 21 4 18 2 16 50 13 27 10 24 8 23 6 20 4 18MAR APR MAY JUN JUL AUG

1987SEP OCT NOV DEC JAN FEB MAR

1988

LATEST PLOTTED RESERVE MAINTENANCE PERIOD ENDINGt APRIL 20. 1988

RECENT DATA ARE PRELIMINARY.

ADJUSTED MONETARY BASE

COMPOUNDED ANNUAL RATES OF CHANGE,

AVERAGE OF TWO MAINTENANCE PERIODS ENDING

4/22/87 7/15/87 9/23/87 10/21/87 11/18/87 12/16/87 1/13/88 2/24/88TO THE AVERAGE OF TWO MAINTENANCE PERIODS ENDINGt

9/23/87 5.210/21/87 4.9 6.411/18/87 6.6 9.0 10.612/18/87 6.2 7.9 8.0 10.51/13/88 6. 1 7.5 7.3 8.8 4.22/24/88 6.7 8. 1 8.3 9.5 7.0 8.63/23/88 6.3 7.4 7.2 8.0 5.7 6.5 7.04/20/88 6.8 7.9 8.0 8.7 7.0 8.0 8.7 7. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

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

MONEY STOCK (Ml )AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS SEASONALLY ADJUSTED BILLIONS OF DOLLARS

760.3766.2768.2765.0766.3766.6

2 16 90 19 27 11 25 S 22 8 20 3 17 31 14 28 12 28 0 23 7 21APR MAY SEP OCT DEC JAN MAR APR

LATEST DATA PLOTTED WEEK ENDING: APRIL 18, 1988

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.

Ml IS THE SUM OF CURRENCY HELD BY THE NONBANK PUBLIC, DEMAND DEPOSITS, OTHER CHECKABLE DEPOSITS AND TRAVELERS CHECKS.

MONEY STOCK (Ml )

COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:

4/20/87 7/20/87 9/21/87 10/19/87 11/16/87 12/21/87 1/18/88 2/15/88

TO THE AVERAGE OF FOUR WEEKS ENDING:

9/21/87 2.010/19/87 3.2 5.011/16/87 3.9 5.9 9.312/21/87 2.0 2.3 1.9 -1.41/18/88 2.6 3.2 3.3 1.4 -1.72/15/88 3.6 4.5 5.2 4.2 2.8 10.83/21/88 2.8 3.3 3.4 2.3 0.9 4.9 3.74/18/88 3.5 4.3 4.7 3.9 3.0 6.8 6.5 3.4



4

MONEY MULTIPLIERi/CURRENCY COMPONENT OF MONEY STOCK 2/

AVERAGES OF DAILY FIGURESSEASONALLY ADJUSTEDRATIO RATIO

1988 RATIO

EB. 8 2.80422 2.794

*R. 7 2.78321 2.790

4 2.79718 2.775

— APR.

Ml MULT I PL

I I I I0 23 0 20 4 16 I IB 20 13 27 10 24 7 21 3 10 2 16 30 14 28 11 25 8 22 7 21 4 18 2 18 30

MAR APR MAY JUN JUL AUG 1987

SEP OCT NOV DEC JAN FEB MAR APR MAY19

LATEST DATA PLOTTED TWO WEEKS ENDINGt APRIL 18,

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 206

_ COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF

- THE FOUR WEEKS ENDING— APRIL 18, 1988 FROM_ THE FOUR WEEKS ENDINGt

- FEB. 15, 1988 8.1_ JAN. 18, 1988 9.2

DEC. 21, 1987 10.2— NOV. 16, 1987

JUL. 20, 1987CURRENCY

1M B.ILLIPNSMAR. 14 200.2

202.2201.8202. 1202.2

mi 11112 16 30 13 27 11 23 8 22 6 3 17 31 14 28 12 28 9 23 7 21 4 18 I 15 29 14 28 11 28 9 23APR MAY DEC JAN

202

190

LATEST DATA PLOTTED WEEK ENDINGt APRIL 18, 1988

1/ RATIO OF MONEY STOCK (Ml ) TO ADJUSTED MONETARY BASE

2/ CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.



TOTAL CHECKABLE DEPOSITSAVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS SEASONALLY ADJUSTED BILLIONS OF DOLLARS

ISM BILLIONS MAR. 14 552.8

557.5558.6555.9557.0557. 1

2 IS SO 13 27 II 25 8 22 8 20 3 IT 31 14SEP OCT DEC JAN MAR APR

1988

LATEST DATA PLOTTED WEEK ENDING: APRIL 18, 1988

TOTAL CHECKABLE DEPOSITS IS THE SUM OF DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS AT ALL DEPOSITORY INSTITUTIONS.

TOTAL CHECKABLE DEPOSITS


4/20/87 7/20/87 9/21/87 10/19/87 11/16/87 12/21/87 1/18/88 2/15/88

TO THE AVERAGE OF FOUR WEEKS ENDING:

9/21/87 0. 110/19/87 1.6 3.911/16/87 2.3 4.5 8.512/21/87 -0.3 -0.0 -0.9 -5.51/18/88 0.3 0.8 0.6 -2.2 -5.92/15/88 1.5 2.5 3. 1 1.4 -0.1 9.93/21/88 0.7 1.3 1.3 -0.3 -1.8 3.5 2.54/18/88 1.6 2.4 2.7 1.6 0.7 5.6 5.6 1 .9


5Digitized for FRASER http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis

6

YIELDS ON SELECTED SECURITIESAVERAGES OF DAILY RATESPERCENT

12.0 i— PERCENT

■PAN R>

J-LJ-1.1 1 I I4 18 2 18 30 15 27 II 28 8 22 3 19 4 18 I 18 29 13 2r

MAR APR AUG SEP NOV DEC FEB MAR

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* APRIL 29. 1988.

90 DAY CD'S

30-DAYCOMMERCIAL

PAPER

90-DAYBANKERS'

ACCEPTANCESCORPORATE AAA BONDS

CORPORATE Baa bonds

MUNICIPAL BONDS MB8

MAR.

APR.

MAY

4 11 18 25

I8

15 22 29 i

6 13 20 27

6.586.626.616.646.676.826.877.016.98

6.546.556.56 6.58 6.63 6.73 6.76 6.85 6.84

6.456.506.516.52 6.55 6.70 6.74 6.85 6.84

9.279.349.369.449.539.619.619.739.74

10.4810.5010.5510.6410.7310.8310.8610.9810.95

7.477.677.757.897.907.807.81 7.87 N.A.

^a&Tof^tes JCJM the board * G0VE*N0RS' H-'5

3W BOM) BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA

N.A. - NOT AVAILABLE



SELECTED INTEREST RATESAVERAGES OF DAILY RATESPERCENT

PERCENT

treasury”sIcurITIES

DISCOUNT RATE

4 >» 2 10 SO 13 27 II 25 5 22 5 15 4 15 I IS » 15 2’MAR APR MAY JUN JUL AU6 SEP OCT NOV DEC JAN FEB MAR

1987 1988LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGi APRIL 28,

1088FEDERAL

FUNDS KX

3-MONTHTREASURY

BILL

6-MONTH TREASURY BILL NOOK

1-YEARTREASURY

BILL

5-YEARTREASURY

SECURITIES

LONG-TERMTREASURY

SECURITIES

MAR. 4 6.60 5.63 5.86 6.20 7.63 8.4411 6.51 5773 5.93 6.28 7.78 6.606.61 5.64 5.78 6.23 7.78 8.6325 6.51 5.77 5.96 6.35 7.95 8.77APR. 1 6.62 5.74 6.00 6.36 8.03 8.858 6.82 5.99 6.21 6.55 8. 13 8.8615 6.81 5.89 6. 19 6.49 8. 12 8.8822 6.93 5.83 6.14 6.58 8.25 9.0729 X MAY 6

132027

6.85 5.87 6.28 6.57 8.24 9.05

rA^RA®1®^^^^ kSTJf&ouMTs.

S.nMYA^f?D^go!i^ E,OINO ™° 0AYS «*LI« °*TE "*N

PREPARED BY FEDERAL RESERVE BALK OF ST. LOUIS


8

BILLIONS OF DOLLARS

MONEY STOCK ( M2 )AVERAGES OF DAILY FIGURES

SEASONALLY ADJUSTED BILLIONS OF DOLLARS 3025

2963.830002977.8

2975 2991.5

2950

2900

2875

2850

2 18 30 13 27 II 25 8 22 6 20 3 17 SI 14 12 26 0 23 7 21 4 18 1 13 29 14 28 II 25 B 23

2975

2875

MAR APR MAY JUL AUG 1987

SEP OCT NOV DEC JAN FEB MAR1988

LATEST DATA PLOTTED WEEK ENDING: APRIL 18. 1988

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE

M2 IS THE SUM OF Ml. OVERNIGHT RPS ISSUED BY ALL C0M4ERCIAL BANKS, OVERNIGHT EURODOLLARS ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS, MONEY MARKET DEPOSIT ACCOUNTS. SAVINGS AND SMALL TIME DEPOSITS, AND GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUN6s. FOR MORE DETAIL, SEE THE H.B RELEASE.

MONEY STOCK (M2 )


4/20/87 7/20/87 9/21/87 10/19/87 11/16/87 12/21/87 1/18/88 2/15/88TO THE AVERAGE OF FOUR WEEKS ENDING:

9/21/87 2.910/19/87 3.3 4.911/16/87 3.5 4.9 5.212/21/87 3.0 3.8 3.2 2.21/18/88 3.3 4. 1 3.8 3.3 2.52/15/88 4.2 5.3 5.6 5.7 5.9 9.73/21/88 4.5 5.5 5.8 5.9 6. 1 8.5 9.84/18/88 5. 1 6.2 6.7 6.9 7.2 9.4 10.6 9.2



BILLIONS OF DOLLARS 1900

1880

I860

1840

1820

1800

1780

1760

1740

1720

1700

ALL DEPOSITORY TOTAL TIME LARGE TIME

AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED

INSTITUTIONS DEPOSITS i/ DEPOSITS 2/

BILLIONS OF DOLLARS 1900

E---------- 1--------- T--------- 1-------------E_> COMPOUNDED ANNUAL RAT— OF CHANGE. AVERAGE OF = THE FOUR WEEKS ENDING— APRIL 18, 1988 FROM= THE FOUR WEEKS ENDING

— FEB. 15, 1988 13.0= JAN. 18, 1988 13.2= DEC. 21, 1987 11.5— NOV. 16, 1987 11.7z: OCT. 19, 1987 12.8— JUL. 20. 1987 11.1

ES

TTTT

z

t 1

TOTAL TIME 1 >EPOSI TS1

TTTT

Z APR 20, 1987 10.6

TTTT

z =

=

TTTT

E 1SIift & ILL IQUS. -

E MAR. 14 1863.21 1866. 28 1867.

4 1872.11 1876.18 1879.Illllll

; EAPR. 1

i 1 1 1 1 111 111 1111 _LLL 1111 _U.L _LLL 1111 -LLL 1 1 1... 1 1 II Lllll

1880

1860

1840

1820

1800

1780

1760

1740

1720

1700

1680

0LATEST DATA PLOTTED WEEK ENDING* APRIL 18, 1988

BILLIONS OF DOLLARS BILLIONS OF DOLLARS

1M BJLLlflMSlMAR. 14 491.8

491.3490.6 LARGE TIME DEPOSITS493.0

2 16 30 13 27 II 25 6 22 6 20 3 17 31 14 25 12 26 9 23 7 21 4 16 I 15 29 14 26 II 25 9 23DEC JANAPR MAY SEP OCT MAR APR

LATEST DATA PLOTTED WEEK ENDING* APRIL 18, 1988

1/ TOTAL TIME IS THE SUM OF SAVINGS DEPOSITS, SMALL TIME DEPOSITS AND LARGE TIME DEPOSITS.

2/ TIME DEPOSITS ISSUED IN DENOMINATIONS OF 9100,000 OR MORE



10

BORROWINGS FROM FEDERAL RESERVE BANKSBILLIONS OF DOLLARS AVERAGES OF DAILY FIGURES BILLIONS OF DOLLARS

lfififi MILLIONS

23 2537

2034

TOTAL BORROWINGS

0.5 V


BILLIONS OF DOLLARS 2.5

2.0

MAR APR MAY JUN8 22 8 10

JUL AUG 1087

2 16 30 14 28 II 25 0 29 6 20SEP OCT NOV DEC JAN

BILLIONS OF DOLLARS 2.5

_ 1088 MILLIONS

- MAR. 23 325_ 30 220

APR. 6 426 ADJl STMENTBORRO

+ se;KINGS

SONAL

“

-

2027

515300

L -

-

1111

J1/jV /JJ \A

1111

1 1 1 XI 1 1 111

V

111 nil

w

111

V\f

1111

v\ 111

V"XIX

J ■1111 lXIX

nA 111 A* 1111 111 XLL3 17FEB

1.5

2 16 30 13 27 II 25 MAR APR MAY 1088




A

COMMERCIAL PAPER OF NONFINANCIAL COMPANIESbillions of dollars NOT SEASONALLY ADJUSTED billions of dollars

I iaas.MAR. 16 89,303

87,895

APR. 686,795

till4 18 I 15 29 13 27 10 24 8 22 5 19 2 16 SO 14 28 II 25 9 23 8 20 3 17 2 18 30 13 27 II 28

MAY JUN OCT NOV JAN FEB APR MAY1987 1988

LATEST DATA PLOTTED WEEK ENDING: APRIL 20, 1988* DASHED LINE REPRESENTS DATA USING A NEW REPORTING PANEL AM) IS NOT COMPARABLE TO PREVIOUS DATA.

BUSINESS LOANS u( COMMERCIAL AND INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS VBILLIONS OF DOLLARS SEASONALLY ADJUSTED BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF THE FOUR WEEKS ENDING DECEMBER 30, 1987 FROM THE FOUR WEEKS ENDINGi

OCT. 28, 1987SEP. 30, 1987SEP. 2, 1987JUL. 29, 1987JUL. 1, 1987 ...APR. I, 1987 -0.7DEC. 31, 1986 0.2

4.9------

MILLIONS

NOV. 25

278,725

276,596

■LJJ.il I5 19 3 IT 31 14 28 II 25 II 25 8 22 6 20 3 17 I 18 29 12 26 9 23 7 21 4 18 2 16 SO 13 27

JAN FEB MAR MAY JUN OCT NOV1986 1987 1988

LATEST DATA PLOTTED WEEK ENDING: DECEMBER 30, 1987

1/ BUSINESS LOANS INCLUDE BANKERS' ACCEPTANCES AND COMMERCIAL PAPER.

2/ BANKS WITH DOMESTIC ASSETS GREATER THAN 91.4 BILLION



DOLLAR'S TRADE-WEIGHTED EXCHANGE INDEXAVERAGES OF DAILY FIGURES

1873-100 1973-100

4 II 1 15 20 13 27 10 24 8 22 5 10 2 18 30 14 28 II 25 8 6 20 3 17 2 16 SO 15 27 II 25MAR APR MAY JUN JUL AUG

1987SEP OCT NOV DEC JAN FEB MAR APR MAY

LATEST DATA PLOTTED KEEK ENDING* APRIL 27, 1888

NOTE. CURRENT DATA APPEAR IN THE BOARD OF GOVERNOR'S H.IO RELEASE.

DATA ARE WEIGHTED AVERAGES OF THE FOREIGN-CURRENCY PRICE OF THE U.S. DOLLAR, COMPUTED USING 10 INDUSTRIAL COUNTRY CURRENCIES.



u.s. financial data: april 28, 1988 - st. louis fed · 'mt research library corral reserve...

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