Full text of U.S. Financial Data : December 9, 1993

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

DEC 1 S 1033

■B. Financial Data
THE WEEK'S HIGHLIGHTS:
The civilian unemployment rate decreased to 6.4 percent in
November from 6.8 percent in October. The November rate is 0.9
percentage points less than a year earlier, reflecting a 2 percent
increase in employment and 1 percent growth in the labor force.
The composite index of leading indicators increased 0.5 percent in
October, following increases of 0.2 percent in September and 0.5
percent in August. Nine of the 11 components contributed to the
October increase, with the largest boost coming from the index of
consumer expectations.
✓ New orders for manufactured durable goods increased 2.6 percent
in October, following a 1.1 percent increase in September. Orders
for durable goods so far this year are up 8.4 percent from the same
1992 period. Durable-goods data are not adjusted for inflation.
Sales of new, one-family houses in October decreased to an annual
rate of679,000 units from 726,000 units in September. For the
first 10 months of this year, sales of new houses were up 6.1 per­
cent from the same 1992 period.

Views expressed do not necessarily reflect official positions of the Federal Reserve System.
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 as follows:
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must be payable in U.S. dollars and, except for those from Canada, must be drawn on a U.S. bank.
Information in this publication is also included in the Federal Reserve Economic Data (FRED) elec­
tronic bulletin board. You can access FRED with a personal computer and a modem at 314-621-1824.

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

2
Adjusted Monetary Base
Billions of Dollars

Averages or uaily Ngures

Billions of Dollars

Seasonally Adjusted

1993

Billions

Sep 29
Oct 13
27
Nov 10
24
Dec 8

418.1
420.2 ■
423.6
420.4
423.3
422.5

7 II 4

II 2

t! 2 1( ID 14 21 11 25 D 22
May
Jun
Jul
Aug
Sep
1993
Latest data plotted reserve maintenance period ending: December 8, 1993

Nov

II 30 |] 17 ID 2D ID 24
Jan
Feb Mar

Dec

7 21
Apr

5

i

20

3

Oct

17

Nov

1

15 2)

Dec

» banks,
an ^ ^
t adjusted monetary base j3e<*era*
Recent data are preliminary.

Adjusted Monetary Base
To the averaae of Compounded annual rates of change, average of two maintenance periods endinq:
l»S»

12/9/92

VV93

5/12/93

6/9/93

7/7/93

9.9
10.5
11.2
10.8
9.5

13.9
13.3
12.4
10.6

8/4/«

VI/93

10/13/93

periods ending:
5/12/93
6/9/93
7/7/93
8/4/93
9/1/93
10/13/93
11/10/93
12/8/93

8.9
10.5
9.6
10.3
10.5
10.8
10.6
10.0


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

7.4
6.6
8.3
8.8
9.5
9.5
8.8

11.4
13.0
12.7
12.6
12.1
10.8

12.2

11.3
9.4

11.2
8.7

Prepared by Federal Reserve Bank of St Louis

Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

M1
1993

Billions

Oct 25 11 1 4.5
Nov 1 1118.4
8 1118.8
15 1123.0
22 1124.4.
29 1127.3

(left scale)

-TCD (right scale)

5

19 2

16 30 14 28 11 25 8 22
Nov Dec
Feb

1993

Billions

Oct 25
Nov 1
8
15

788.5
791.0
791.8
795.8

29

798.1

22 5 19 3 17 31 14 28 12 26 9 23 6 20 4 18 1 15 29 13 27
Mar
Apr May Jun
Jul
Aug
Sep
Oct
Nov Dec

Latest data plotted week ending: November 29, 1993
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.
r
Total checkable deposits is the sum of demand deposits and other checkable deposits at depository institutions.

Money Stock (Ml)
Compounded annua! rates of change, average of four weeks ending:
To the average 11/30/92 3/1/93 4/26/93 5/31/93 6/28/93 7/26/93 8/30/93 9/27/93
of four weeks
ending:
4/26/93
5/31/93
6/28/93
7/26/93
8/30/93
9/27/93
11/1/93
11/29/93

5.5
9.8
9.3
9.7
9.9
10.5
10.2
10.2


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

14.1
12.3
12.4
12.2
12.7
12.0
11.8

19.0
17.0
15.4
15.5
14.1
13.5

9.6
10.2
11.6
10.8
10.6

11.8
13.1
11.7
11.4

13.3
11.5
11.1

Prepared by Federal Reserve Bank of St. Louis

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

110
1993

Billions

Sep 15
29
Oct 13
27
Nov 10
24

99.5
100.6 ■
102.7
105.9
101.1
103.4

102

94

90

86

7 21 4

18 2

Nov
1992

16 30 13 27 10 24 10 24 7 21 5 19 2 16 30 14 28 11 25 I 22
Feb Mar
Apr May Jun
Jul
Aug
Sep
Dec

21 3

17

Latest data plotted two weeks ending: November 24, 1993
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
Compounded annual rates of change, average of two maintenance periods ending:
To the average of 11/25/92 2/17/93 4/28/93 5/26/93 6/23/93 7/21/93 8/18/93 9/29/93
two maintenance
periods ending:
4/28/93
5/26/93
6/23/93
7/21/93
8/18/93
9/29/93
10/27/93
11/24/93

2.8
6.9
6.5
8.3
8.0
6.6
10.9
7.9


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

-2.6
-1.2
2.9
3.3
2.3
8.3
4.8

17.4
19.4
15.7
10.7
18.3
11.8

13.3
10.6
6.3
15.9
9.0

14.0
7.0
18.7
9.9

1.0
17.4
7.1

22.6
7.6

15.2

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1/
Averages of Daily Figures
Seasonally Adjusted
Compounded annual
rates of change,
average of the four
weeks ending
November 22, 1993 from
the four weeks ending:
Nov 23. 1992 0.3
Mar 1, 1993 2.6
May 24. 1993 0.8
Jul 5, 1993 0.6
Aug 2, 1993 0.9
Aug 30, 1993 1.1
‘
Sep “
27, 1993 -1.2

Oct

Nov

Dec

Jan

Ratio
Sep 13

2.659
2.659
2.647
2.634
2.661
2.655

Oct 11
Nov 8

Feb

Mar

Apr

May

1992
Latest data plotted two weeks ending: November 22, 1993

Jun

Jul

Aug

Sep

15 29 13 27
Nov Dec

Oct

1993

Currency Component of M12/
Billions of Dollars

Billions of Dollars

Seasonally Adjusted

Compounded annual
rates of change,
average of the four
weeks ending
November 29, 1993 from
the four weeks ending:
Nov 30. 1992 10.4
Mar 1, 1993 10.5
May 31. 1993 10.8
Jun 28, 1993 10.2
Jul 26. 1993 10.6
Aug 30. 1993 9.7
Sep 27, 1993 6.8

5 19 2 16 30 14 28
Oct Nov
Dec
1992

11 25
Jan

1993

Billions

Oct 25
Nov 1

318.2
319.5
319.1
319.3
320.5
321.2

8 22 8 22 5 19 3 17 31 14 28 12 26 9 23 6 20 4 18
Feb Mar
Apr May
Jun
Jul
Aug Sep
Oct
1993

1

15 29 13 27
Nov
Dec

Latest data plotted week ending: November 29. 1993
1/ Ratio of M1 to adjusted monetary base
2/ Current data appear in the Federal Reserve Board's H.6 release.


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

Prepared by Federal Reserve Bank of St. Louis

6

Yields on Selected Securities

Percent

-

9.0

Coqx irate
Aaa onds

V

>

b

6.0

Pr me Dot k
Lo an Rote

t

> s' A

\
>

/

/

*

1

s— -

-

X

5.0

___ l _______

J

\

, Munk dpal Bo ids
\
s.
'"•S, **“n

s

„

Percent

Averages of Daily Figures

9.0

5.0

V

A

3.0

/

3.0

Comrr erdal
Pc

2.0

2

»IM ,~T*r~i ~i~T T ~T"»~T~r T T-|-Tj

16 30 13 27 II 25
Oct
Nov Dec
1992

• i »j

'Ml1

8 22 5 19 5 19 2 16 30 14 28
Jan
Feb Mar
Apr
May

'I'M Th..

n-r-r-

T'l

V f 'i~T~r 'T'T 2.0

II 25 9 23 6 20 3 17 I 15 29 12 26 10 24
Jun
Jul Aug
Sep Oct
Nov Dec
1993

Latest data plotted are averages of rates available for the week ending: December 10, 1993

1993

90—Day
CDs

30—Day
Commercial
Paper

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

Sep 17
24
Oct 1
8
15
22
29
Nov 5
12
19
26
Dec 3
10 *

3.12
3.11
3.16
3.23
3.22
3.23
3.29
3.36
3.36
3.33
3.36
3.35
3.33

3.14
3.15
3.17
3.15
3.14
3.13
3.14
3.15
3.15
3.14
3.15
3.27
3.43

3.08
3.08
3.10
3.18
3.17
3.18
3.24
3.31
3.30
3.28
3.29
3.30
3.28

6.66
6.79
6.69
6.70
6.62
6.63
6.73
6.87
6.92
6.94
6.99
6.95
6.86

7.33
7.43
7.35
7.35
7.25
7.26
7.38
7.57
7.65
7.69
7.74
7.70
7.62

5.27
5.30
5.30
5.30
5.20
5.20
5.31
5.45
5.46
5.46
5.49
5.46
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
Prepared by Federal Reserve Bank of St. Louis


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

Selected Interest Rates

Percent

Percent

7.0

7.0
5- -Ysor
rsosur) Sscur ties
s

6.0
r
/
/

f

V\
\

/

\

'

\

/

✓ - S__

5.0

✓

\
---- \~

—

\

5.0

s/

4.0
Fsd« ral
Funds Rots

Vd
**

1—V >

*

/s-

■

Konth
Trsoi uryBIH

v

-i> <V

■C.7 7^5
C •count Ruts

V

^----- 3.0

2.0
!

16 30 13 11 11 25 I 22
Oct
Nov Dec Jan

5 19 5 11 2 16 30 14 il
Feb Mar
Apr
May

11 25
Jun

9 23 6 20 3 17 1 15 29 12 26 10 24
Jul
Aug Sep Oct
Nov Dec

1992
1993
Latest data plotted are averages of rates available for the week ending: December 10. 1993

1993
Sep 17
24
Oct 1
8
15
22
29
Nov 5
12
19
26
Dec 3
10 *

Federal
Funds **
3.03
3.12
3.05
3.24
2.91
2.97
2.97
3.04
2.96
3.03
2.98
3.09
2.92

3—Month
Treasury
Bill

6-Month
Treasury
Bill ***

1 —Year
Treasury
Bill

2.96
2.93
2.92
2.97
3.02
3.04
3.06
3.08
3.10
3.11
3.12
3.12
3.09

3.06
3.06
3.02
3.08
3.12
3.14
3.19
3.25
3.28
3.26
3.30
3.26
3.27

3.24
3.26
3.21
3.21
3.22
3.27
3.32
3.40
3.39
3.42
3.46
3.46
3.42

5-Year
Treasury
Securities

Long-Term
Treasury

4.73
5.89
4.80
5.99
4.72
5.89
4.69
5.88
4.62
5.77
4.69
5.82
4.82
5.95
5.03
6.13
5.04
6.17
5.04
6.20
5.13
6.30
5.14
6.25
5.09
6.14
ourrent aata 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
*** Auction average (discount)
Prepared by Federal Reserve Bank of St. Louis


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

7

2.0

8
Money Stock (M2) and Non-M1 Components of M2
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

3560

“

Billions of Dollars

1725

I

M2
1993 Billions
Oct 25 3530.1
Nov 1 3529.2
8 3540.0
15 35 47.3
22 35 48.2
29 35 47.8

3535

2825

M2 left sc

2525

3510
■
w *»»
* — s, . -

3485

_

L — **.

2425
No 1-M1 M 2 (righ- scale)
Norl—M1 .42
199C
Billieans
Oct 25 2415.6 Nov 1 2410.8
8 2421.2
15 2424.3
22 2423.8
29 2420.5

3480

3435

I

I

______ ______ _____

5

19 2 It 30 14 21
Oct Nov
Dec

II 25 8 22
Jan
Feb

8 22 5 19 3 17 31 14 21 12 21
Mar
Apr May
Jun
Jut

1992

9 23
Aug

8 20 4 18 1 15 29 13 27
Sep
Oct
Nov Dec

2325

2225

1993

Latest data plotted week ending: November 29, 1993
Current data appear in the Federal Reserve Board's H.6 release.
M2 is the sum of M1, 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)
—. ..

Compounded annual rates of change, average of four weeks ending:

I o tne average 11/30/92

3/1/93

4/26/93

5/31/93

6/28/93

7/26/93

8/30/93

9/27/93

of four weeks
ending:
4/26/93
5/31/93
6/28/93
7/26/93
8/30/93
9/27/93
11/1/93
11/29/93

-1.8
0.5
0.9
0.7
0.9
1.2
1.1

1.4


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

3.7
3.6
2.8
2.6

2.9
2.5
2.7

7.4
4.8
4.0
4.2
3.3
3.6

1.4
1.6

2.3
1.8
2.2

0.8
2.0

1.4
2.0

3.2
2.0
2.6

Prepared by Federal Reserve Bank of St. Louis

Savings and Money Market Funds
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars
1250 -------- 1--------- 1---------Savings
1993 Billions
Oct 25 1207.6
1220 Nov 81 1210.3
12 14.4
15 12 15.6
22 12 14.2
29 12 14.0

Billions of Dollars

410

Il

300

Saving ■ Dopoi its (let

1190

ISO
“«1

V. —

_ /• — - — N

_y

1100

320
Me ney Market (ri ght sea le)

Mor ey Ma rket
1992 Billiems

1130

Oct 2 5

332 .8

1

333.3

"NOV

8 333.6
15 334.5
22 340.9
29 339.1
______ I______ I_____

5

IS
Oct

J It 30 14 21 11 IS 1 22 1 22 S 1! ] 17 31 14 21 12 20
Nov
Dec
Jon
Feb Mar Apr
May
Jun
Jul
1992
1993

1 23 i 20
Aug Sep

4

II I IS 2! 13 22
Oct
Nov Dec

290

260

Note: Savings deposits are at all depository institutions. Money market funds are general purpose
and broker/dealer.

Large and Small Time Deposits1/
All Depository Institutions
Averages of Daily Figures, Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Small Time

Large Time (left scale)

Large
1993
310 —Oct 25
Nov 1
8
15
22
29

5

19 2

Time
Billions
333.4
332.7
333.0
332.4
331.0
334.0

16 30 14 28
Nov Dec

1993

Billions

Oct 25
Nov 1
8
15
22
29

793.8
792.3
790.2
788.4
787.9
785.8

Small Time (right scale)

25 8 22 8 22 5 19 3 17 31 14 28 12 26 9 23 6 20 4 18 1 15 29 13 27
Feb Mar
Apr May Jun
Jul
Aug
Sep
Oct
Nov Dec

Latest data plotted week ending: November 29, 1993
1/ Large time deposits are those 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

9

10
Total Borrowings
Billions of Dollars

From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

993

Billions

Nov 3

0.142

17
24
■Dec 1
8

0.073
0.075
0.076 ---0.036

10

7 21
Oct

4 II 2 16 30 13 27
Nov Dec
Jan
1992

10 24 10 24 7 21
Feb Mar Apr

5 IS
May

2 1i 30 14 20 11 25 8 22
Jun
Jul
Aug Sep
1993

0.121

6 20 3 17 1 15 29
Oct
Nov Dec

Adjustment + Seasonal Borrowings
Billions of Dollars

From Federal Reserve banks
Averages of Daily Figures

Billions of Dollars

1993

Billions

Nov 3

0.142

17
24
Dec 1
8

0.073
0.075
0.076 —
0.036

10

7 21
Oct

4 II 2 16 30 13 27
Nov Dec
Jan

10 24 10 24 7 21
Feb Mar Apr

5 19 2 16 30 14 28 11 25 8 22 6 20
May Jun
Jul
Aug Sep
Oct

1992

0.121

3 17 1 15 29
Nov Dec

1993

Latest data plotted week ending: December 8, 1993


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

Prepared by Federal Reserve Bank of St. Louis

"r

Billions of Dollars

1993

Commercial Paper of Nonfinancial Companies
__________________

Not Seaeonoliy Adjusted

Billions of Dollars

Billions

Oct 27 158.949
Nov 3 160.963
10 158.839
17 159.454
24 159.676
_Dec 1 160.281

20 3 17 I 15 29
Nov Dec

1993
Latest data plotted week ending: December 1, 1993

Commercial and Industrial Loans'7
Billions of Dollars

Weekly Reporting Large Commercial Banks 2/
Seasonally Adjusted

Compounded annual
rates of change,
average of the four
weeks ending
November 24, 1993 from
the four weeks ending:
Nov 25, 1992 -2.8
Feb 24, 1993 -1.3
May 26, 1993 1.2
Jun 23, 1993 -0.4
Jul 21. 1993 0.0
Aug 25, 1993 1.9
Sep 22, 1993 2.7

Billions of Dollars

Oct 20
27
Nov 3
10
17
24

Jul

Aug

272.867__
272.930’
274.356
273.612
275.109
274.080

8 22 6 20 3 17 1 15 29
Sep
Oct
Nov Dec

Latest data plotted week ending: November 24, 1993
1/ Commercial and industrial loans include banker's acceptances and commercial paper.
2/ Banks with domestic assets greater than $1.+ billion
Prepared by Federal Reserve Bank of St. Louis


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Federal Reserve Bank of St. Louis

11

Dollar’s Trade-Weighted Exchange Index
1973=100

:100

Averages of Daily Figures

115
1993 1973=100
Nov 3

105
Dec

1

95

85

7 21 4 18 2 16 30 13 27 10 24 10 24 7 21 5 19 2 16 30 14 28 II 25 8 22 6 20 3 17 1 15 29
Oct

Nov
1992

Dec

Jan

Feb

Mar

Apr

May

Jun
Jul
1993

Aug

Sep

Oct

Nov

Dec

Latest data plotted week ending: December 8, 1993
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.
Prepared by Federal Reserve Bank of St. Louis


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

75