Download - FederaTR.?;; G»V Oar. U.S. Financial Data · currency in circulation (currency held by the public and in the vaults of all depositoryinstitutionsj and an adjustment for reserve requirement

FederaTR.?;; G»V3 Oar.

U.S. Financial Data IIIHKMKISI.KMIVVNKofST.MM IS

THE WEEK'S HIGHLIGHTS:✓ According to the final estimate, real gross domestic product (GDP)

rose at a revised 4.1 percent annual rate in the second quarter, up 0.3 percentage points from last month's preliminary estimate. The final estimate was boosted largely by additional inventory accumulation. Real GDP has also increased 4.1 percent over the past four quarters.

August sales of new single-family homes were at an annual rate of 703,000, 9.7percent higher than the revised July rate of641,000 and up 9 percent from August 1993.

✓ Following a 4 percent decrease in July, advance new orders for manufactured durable goods rebounded strongly in August, increasing 6 percent to $154 billion.

✓ The Conference Board’s index of consumer confidence, which averaged 100 in 1985, decreased 2 percentage points in September to 88.4, its third consecutive monthly decline.

✓ Bank reserves adjusted for reserve requirements have declined at a 2.5 percent rate from the average of the two weeks ending on February 16, 1994, to the average of the two weeks ending on September 14 (see page 4). Compared with a year earlier, however, adjusted reserves have risen 2.6 percent.

All data are seasonally adjusted unless otherwise indicated.

U.S. Financial Data is published weekly by the Research and Public Information Division of the Federal Reserve Bank of St. Louis. The cost for a subscription is $21 for one year (50 issues) or $36 for two years (100 issues). For more information or to request an order form, please call (314) 444-8808 or (314) 444-8809.

Information in this publication is also included in the Federal Reserve Economic Data (FRED) electronic bulletin board. You can access FRED with a personal computer and a modem at (314) 621-1824.

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

■

2

Adjusted Monetary BaseAverages of Daily ngures Billions of DollarsBillions of Dollars Seasonally Adjusted

1994 Billions

450 “Aug 3 446.it t A AG i

Sep 14 450.6

4 II 1 IS 21 1] !7 ID 24 I 22 S II 2 II 2 1i !0 IJ 27 II 25 II 22 6 21 3 17 11 14 21 12 21Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

1993 1994Latest data plotted reserve maintenance period ending: September 28, 1994The adjusted monetary base is the sum of reserve accounts of financial institutions at Federal Reserve banks, currency in circulation (currency held by the public and in the vaults of all depositoryinstitutionsj and an adjustment for reserve requirement ratio.changes. The major source of adjusted monetary Basejs Federal Reserve credit. Data are computed by this bank. A detailed description of the adjusted monetary base is available from this bank.Recent data are preliminary.

Adjusted Monetary BaseCompounded annual rates of change, average of two maintenance periods ending:

To the average of g/2g/93 12/22/93 3/2/94 3/30/94 4/27/94 5/25/94 6/22/94 8/3/94two maintenance periods ending:

3/2/94 10.63/30/94 9.2 12.74/27/94 9.4 12.2 6.15/25/94 8.7 10.6 5.3 7.16/22/94 8.7 10.4 6.2 7.7 6.28/3/94 8.6 9.9 6.7 7.8 7.0 8.4

8/31/94 8.6 9.7 6.8 7.8 7.1 8.2 7.99/28/94 8.4 9.3 6.7 7.5 7.0 7.7 7.4

Prepared by Federal Reserve Bank of St. Louis


Money Stock (M1) and Total Checkable DepositsAverages ot Daily Hgures

Seasonally AdjustedBillions of Dollars Billions of Dollars

M11994 Billions

kug 15 1148.3 22 1154.2 29 1154.4

»ep 5 1155.4 12 1152.5 19 1151.2

M1 (left scale).

TCO (right scale)

BillionsAug 15 795.3

800.4798.9

Sep 5 800.1797.7795.9

2 It 30 13 27 11 25 8 22 5 20 3 17 31 11 20 14 28 11 25 3 23 i 20 4 10 1 15 29 12 2i 10 24Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

1993 1994

Latest data plotted week ending: September 19, 1994 Current data appear in the Federal Reserve Board's H.6 release.M1 is the sum of currency held by the nonbank public, demand deposits, other checkable deposits and travelers checks.Total checkable deposits is the sum of demand deposits and other checkable deposits at depository institutions.

Money Stock (Ml)To the average Compounded annual rates of change, average of four weeks ending:

9/20/93 12/20/93 2/21/94 3/21/94 4/16/94 5/16/94 6/20/94 7/1B/94

ending:2/21/94 7.63/21/94 7.2 5.44/18/94 6.6 4.8 3.85/16/94 5.2 3.0 1.0 -0.96/20/94 5.3 3.4 2.3 1.5 0.97/18/94 5.1 3.5 2.6 2.1 1.8 4.78/22/94 4.9 3.4 2.6 2.2 2.1 4.0 3.39/19/94 4.6 3.2 2.5 2.1 2.0 3.4 2.7 2.2


3Digitized for FRASER http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis

4

Adjusted ReservesBillions of Dollars Seasonally Adjusted Billions of Dollars

1994 Billions

Jul 6 102.020 105.2

Aug 3 102.417 105.031 103.1

Sep 14 104 0

20 3 17 31 14 28 12 214 II 1 IS 25 13 27 10 24 8 22 5 19 2 U 2 IS 30 13 27 11 25 8 22Feb Mar Apr May Jun Jul Aug Sep OctAug Sep Oct Nov Dec Jan

1994

m

IDE

102

98

94

90

Latest data plotted two weeks ending: September 14, 1994

Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves

To the average ofCompounded annual rates of change, average of two maintenance periods ending:9/15/93 12/8/93 2/16/94 3/16/94 4/13/94 5/11/94 6/8/94 7/20/94

periods ending:

2/1S/94 10.13/16/94 7.7 11.44/13/94 4.7 5.5 -8.95/11/94 3.7 3.8 -7.2 -8.46/8/94 3.7 3.8 -4.6 -4.5 0.0

7/20/94 3.2 3.1 -3.3 -3.0 0.0 1.58/17/94 3.0 2.9 -2.6 -2.2 0.3 1.4 0.59/14/94 2.7 2.4 -2.5 -2.1 0.0 0.8 0.0 0.0



• •Money Multiplier1/

seasonally AdjustedRatio Ratio

Compounded annual rates of change, average of the four weeks ending September 12. 1994 from the four weeks ending:Sep 13, 1993 -3.2 Dec 20, 1993 -5.3 Mar 14. 1994 -4.2 Apr 25, 1994 -4.2 May 23. 1994 -3.5 Jun 20, 1994 -3.6 Jul 18. 1994 -3.5

Ratio

Jul 42.574

Aug 1 2.5942.5542.569

Sep 12 2.561

22 8 20 3 17 31 14 28 14 28 11 25 9 23 8 20 15 29 12 28 II 24Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

1993 1994Latest data plotted two weeks ending: September 12. 1994

Billions of Dollars355

315

Currency Component of M12/Averages of Daily Figures

Seasonally Adjusted Billions of Dollars355--------- 1--------- 1---------

Compounded annu rates of change, average of the four weeks ending

. September 19, 1994 the four weeks endSep 20. 1993 1C Dec 20. 1993 1C Mar 21. 1994

al

fromng:.3.9.4

MayJunJul

16, 1 20, 1 1B, 1

994994994

. 1

.9

.2

199

Aug

± Bill]

15 3422 34

ons4.85.5

Sep29 347.0 “

5 347.012 346.319 346.9

335

325

315

315

335

325

305

- 315

3052 li 31 13 27 II 15 I 21 6 20 3 12 31 11 21 11 20 II 25 1 23 t 10 1 II 1 15 2) 12 II 10 21

Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct1993 1994

Latest data plotted week ending: September 19, 1994 1/ Ratio of M1 to adjusted monetary base2/ Current data appear in the Federal Reserve Board's H.6 release.



6

Yields on Selected SecuritiesPercent PercentAveroges of Doily Figures

Corporate

Prime Bank Loan Rate

Commercial

15 29 12 2$ 10 24 7 21 4 II II I 15 29 13 27 10 24 2 II 30Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

1993 1994Latest data plotted are averages of rates available for the week ending: September 30, 1994

1994

30—Day Commercial

Paper90-Day

CDs

90—Day Bankers'

AcceptancesCorporate

Aaa BondsCorporate

Baa BondsMunicipal Bonds **

Jul 8 4.53 4.78 4.72 8.18 8.87 6.2715 4.55 4.78 4.69 8.17 8.86 6.2222 4.44 4.65 4.59 8.06 8.75 6.2229 4.46 4.70 4.61 8.05 8.74 6.22

Aug 5 4.45 4.68 4.61 7.96 8.64 6.1612 4.54 4.79 4.71 8.12 8.79 6,2519 4.74 4.86 4.60 8.07 8.73 6.2226 4.79 4.87 4.79 8.13 8.79 6.21

Sep 2 4.80 4.88 4.81 8.09 8.76 6.169 4.82 4.89 4.81 8.22 8.88 6.18

16 4.87 4.96 4.88 8.32 8.97 6.2423 4.93 5.08 5.01 8.41 9.04 6.3730 * 5.01 5.17 5.09 8.46 9.08 NA

Current data appear in the Federal Reserve Board's H.15 release.* Averages of rates available** Bond Buyer's Average Index of 20 municipal bonds, Thursday data N.A. - Not Available


.w


Selected Interest RatesAverages of Daily FiguresPercent Percent

3-Month -Treasury Bill

Funds Rate

3.0Discount Rate

6 20 3 17 1 15 29 12 26 10 24 7 21 4 16 4 18 1 15 29 13 27 10 24 8 22 5 19 16 30 14 28Aug Sep Oct Nov Dec Feb Mar Apr May Jun Jul Aug Sep Oct

Latest data plotted are averages of rates available for the week ending: September 30, 1994

1994Federal Funds **

3—Month Treasury

Bill

1 —Year Treasury

Bill

5-YearTreasury

Securities

1 0—Year Treasury Securities

Long-TermTreasurySecurities

Jul 8 4.38 4.28 5.19 6.95 7.34 7.6415 4.30 4.37 5.18 6.97 7.36 7.6522 4.30 4.30 5.10 6.83 7.23 7.5229 4.28 4.39 5.22 6.89 7.26 7.52

Aug 5 4.28 4.34 5.12 6.77 7.15 7.4112 4.26 4.40 5.29 6.96 7.31 7.5819 4.35 4.56 5.30 6.90 7.24 7.5326 4.66 4.55 5.31 6.92 7.27 7.58

Sep 2 4.72 4.56 5.26 6.83 7.21 7.529 4.74 4.56 5.30 6.95 7.33 7.65

16 4.70 4.59 5,38 7.05 7.44 7.7623 4.73 4.71 5.53 7.17 7.54 7.8430 * 4.66 4.68 5.56 7.22 7.58 7.B8

Current data appear in the Federal Reserve Board's H.15 release excluding long-term Treasury securities which are computed by this bank. Treasury bill yields are on a discount basis.* Averages of rates available** Seven—day averages for week ending two days earlier than date shown



8

Money Stock (M2) and Non-M1 Components of M2Averages of Daily Figures

Seasonally Adjusted Billions ol DollarsBillions of Dollars

M21994 Billions

Aug 15 3596.9 22 3600.5 29 3597.5.

Sep 5 3594.0 12 3595.3 19 3594.2

M2 (left scale)

M2 (right scale)Non-M1 M2 1994 Billions

Aug 15 2448.6 22 2446.3 29 2443.1

Sep 5 2438.6 12 2442.8 19 2443.0

2 IS 30 13 27 11 25 Aug Sep Oct

1993

8 22 6 20 3 17 31 14 21 14 28 11 25 S 23 S 20Nov Dec Jan Feb Mar Apr May Jun

1994

4 18 1 15 28 12 2S II 24Jul Aug Sep Oct

Latest data plotted week ending: September 19, 1994 Current data appear in the Federal Reserve Board's H.6 release.M2 is the sum of Ml, overnight RPs issued by all commercial banks, overnight Eurodollars issued to U.S. residents by foreign branches of U.S. banks, savings (including money market deposit accounts), small time deposits and general purpose and broker/dealer money market mutual funds. For more detail, see the H.6 release.

Money Stock (M2)To the average

Compounded annual rates of change, average of four weeks ending:9/20/93 12/20/93 2/21/94 3/21/94 4/18/94 5/16/94 6/20/94 7/18/94

ending:

2/21/94 1.43/21/94 1.9 1.54/1B/94 2.3 2.3 4.75/16/94 1.9 1.7 2.8 1.96/20/94 1.8 1.5 2.2 1.5 0.17/18/94 1.8 1.6 2.2 1.6 0.7 1.48/22/94 1.7 1.5 1.9 1.4 0.7 1.2 1.49/19/94 1.5 1.2 1.5 1.0 0.3 0.6 0.5 -0.1



Billions of Dollars1295

1255

Savings and Small Time DepositsAverages of Daily Figures

Seasonally Adjusted Billions of Dollars195--------- 1--------- 1---------

Savings1994 Billions

Aug 1 5 11 94.222 1194.829 1194.3

----------I--------- 1---------Small Time 1994 Billions

Aug 15 777.422 777.929 778.9

12 11 19 11 £

8.95.9 Savi ig« De >o«tt«( eft sea le) 12 78

19 781.94.4

•*» ^ Sim II Time (right scale)

—^1175

855

815

775

7351135! If 30 13 !7 11 25 0 22 f 20 3 17 31 14 20 14 !i 11 25 0 23 f 20 4 II I 15 29 12 21 10 24

Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct1993 1994

Note: Savings deposits are at all depository institutions.

Large Time Deposits and Money Market Funds1/All Depository Institutions

Averages of Daily Figures. Seasonally AdjustedBillions of Dollars Billions of Dollars

Large Time 1994 Billions

Aug 1 5 340.222 339.529 340.8

-Sep 5 341.812 344.419 345.5

Money Market 1994 Billions

Aug 15 364.522 363.929 359.6

Sep 5 358.0 —12 362.019 364.1

2 If 30 13 27 11 25 8 22 6 20 3 17 31 14 28 14 28 11 25 9 23 i 20 4 18 1 IS 28 12 2$ 10 24Aug Sep Oct Nov Dec

1993Jan Feb Mar Apr May Jun

1994Jul Aug Sep Oct

Latest data plotted week ending: September 19, 19941/ Large time deposits are those issued in denominations of $100,000 or more.Money market funds are general purpose and broker/dealer. Prepared by Federal Reserve Bank of St. Louts


10

Total BorrowingsFrom Federal Reserve Banks

Billions of Dollars Billions of DollarsAverages of Daily Figures

1994 Billions

Aug 24 0.4850.511

Sep 7 0.4610.4330.503C.566

4 18 1 15 2! 13 27 II 24 I 22 S IS 2 tS 2 16 30 13 27 11 25 I 22 6 20 3 17 31 14 21 12 26Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

. . 1993 1994Borrowings include seasonal, adjustment and extended credit; extended credit was $1 million in the week ending July 20. 1994 and was zero in the other weeks shown in the chart.

Bank Loans and CreditBillions of Dollars

3325

3275

3225

3175

3125

3075

3025

2975

All Commercial Banks in the United States Seasonally Adjusted

VBillions of Dollars

2450-------- 1---------Bank Cr 1994 fiil

Aug 10 32 17 32 24 32 31 32

—editions46.247.3 62.7 69.1

14 32^3. j 60.8

Beink Cr*dit (lef : scale)2/ /

s “✓

^ /

*

'w Loan1994

stScLeaBillie

sesV't/s'

/*

Li •one and Leas (rig it seal 0Aug 10 2284.0

17 2284.724 2294.831 2302.4

Sep1

7 2296.84 2294.5

4 II 1 15 21 13 27 10 2* I 22 5 19 2 It 2 It 30 13 27 11 25 I 22 t 20 3 17 31 14 21 12 2i

2400

2350

2300

2250

2200

2150

2100Aug Sep Oct Nov Dec Jan Feb Mar Apr

1993Latest Wednesday data plotted : September 14, 1994 Current data appear In the Federal Reserve Board's H.8 release. 1/ Includes foreign-related institutions 2/ Includes loans and leases and securities

May Jun 1994

Jul Aug Sep Oct

Prepared by Fedora' Reserve Bank of St. Louis


Commercial Paper of Nonfinancial CompaniesNot Seasonally AdjustedBillions of Dollars Billions of Dollars

1994 Billions

Aug 17 150.105

149.180Sep 7 148.938

148.341155.605

I U 1 IS 2! 13 11 II 21 ! 2! 5 I) 2 ID 2 11 ID 1] 27 II 25 I 2! I 20 ] 17 31 II 21 1! 21Aug Sep Oct Nov Dec Jon Feb Mar Apr May Jun Jul Aug Sep Oct

1993 1994Latest data plotted week ending: September 21, 1994

Billions of Dollars(30

Commercial and Industrial LoansBillions of Dollars

330--------1---------1---------All Banks

1994 Billions /***

Sep

17 621.724 623.431 622.9

7 624.114 623.5

Banks (left s :ale)^ / . /"Al

f **

'

N/ f

3e Ban Billie

0 3017 3024 302

ks__ns.0.8.7-*• — — 1

x_/

• v' 1994Aug 1

2

Large Banka (right scale

___

)2/

___

31 302.8Sep 7 302.2

14 302.7I I

11Aug

15Sep

13 27 Oct

1993

10 24 Nov

8 22 Dec

5 IS Jan

MM16

Feb16 30 13 27

Mar Apr

'kMay

19

8 22 Jun

94

6 20 Jul

3 17 3Aug

14 21 Sep

12 2 Oct

020 -

(ID

60S

550

5BD

570

320

310

300

290

200

270

Latest Wednesday data plotted : September 14. 1994 Current data appear in the Federal Reserve Board's H.8 release. 1/ Includes foreign—related institutions 2/ Weekly reporting, domestically chartered banks



Dollar’s Trade-Weighted Exchange Index1973=1001973=100 Averages of Daily Figures

1124 1973=1 PPAug 24

1 IS 2! 13 27 10 24 22 5 1! 2 If 2 10 30 13 27 11 25 0 22 6 20 3 17 31 14 28 12 28Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

1993 1994

Latest data plotted week ending: September 28, 1994 Current data appear in the Federal Reserve Board's H.10 release.Data are weighted averages of the foreign-currency price of the U.S. dollar, computed using 10 industrial country currencies.


C/3 3t &

X ^ 0S> *2 Ui

ce osCQ „

w m 9! JIM


Download - FederaTR.?;; G»V Oar. U.S. Financial Data · currency in circulation (currency held by the public and in the vaults of all depositoryinstitutionsj and an adjustment for reserve requirement

Top Related