Full text of U.S. Financial Data : February 24, 1994

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

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THE WEEK'S HIGHLIGHTS:
^

yield on long-term Treasury securities averaged 6.54 percent
for the week ending February 25, up from the January average of
6.19 percent, but still down from the February 1993 average of
6.85 percent.
The Conference Board's index of consumer confidence fell in
February to 80.8 percent (1985=100) from a revised 82.6 percent
in January. The February reading was the first decline in three
months.

t/ New orders for manufactured durable goods increased 3.7 percent
in January, after increasing 2.1 percent in December. January
orders were up 12.7 percent from a year earlier. Orders data are
not adjusted for inflation.
\/ The merchandise trade deficit for December was a seasonally
adjusted $7.4 billion, down from the November deficit of $9.7 bil­
lion. For 1993, the trade deficit was $115.8 billion, up sharply
from $84.5 billion in 1992.

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:
One year (50 issues) S21
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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.

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Federal Reserve Bank of St. Louis

2
Adjusted Monetary Base
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

1994
Dec

8

Jan

5

Billions of Dollars

Billions

Feb 2

421.1
422.3
424.2
428.2
431.4
433.9

6 20 3 17 3 17 31 14 28 12 26
Jan
Feb Mar Apr May

8 23 7 21 4 18 1 15 28 13 27 10 24 8 22 5 19 2 16 2 16 30
Jun
Jul
Aug Sep Oct Nov Dec Jan
Feb Mar

1993
1994
Latest data plotted reserve maintenance period ending: February 1 6, 1994
The 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 depository institutions] and 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.
Recent data are preliminary.

Adjusted Monetary Base
To the average of
two maintenance
periods ending:
7/21/93
8/18/93
9/15/93
10/13/93
11/10/93
12/22/93
1/19/94
2/16/94

Compounded annual rates of change, average of two maintenance periods ending:
2/17/93

9.9
10.0
10.2
10.4
9.8
9.0
9.5
10.4


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Federal Reserve Bank of St. Louis

5/12/93

11.6
11.6
11.7
10.6
9.3
9.9
11.0

7/21/93

11.0
11.3
9.7
8.1
9.1
10.7

8/18/93

11.8
9.5
7.6
8.8
10.7

9/15/93 10/13/93 11/10/93 12/22/93

8.4
6.4
8.2
10.6

4.3
7.2
10.3

8.1
11.8

Prepared by Federal Reserve Bank of St. Louis

Money Stock (M1) and Total Checkable Deposits
Averages ot Daily Hgures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

M1
1994 Billions
Jan 10 1130.5'
17 1133.3
24 1136.3
31 1136.1
_ Feb 7 1135.9 .
14 1139.3

M1 (left

(right scale)
TCD
1994

Billions

Jan 10
17
24

798.8
800.4
802.4
800.6
799.6
802.9

Feb 7
14

4 18 1 15 1 15 29 12 26 10 24 7 21 5 19 2 16 30 13 27 11 25 8 22
Feb Mar Apr May Jun
Jul
Aug Sep Oct
Nov
1993

20 3 17 31 14 28 14 28
Feb Mar
1994

Latest data plotted week ending: February 14, 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)
T_ iL nK/ornn
of four weeks

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

2/15/93

5/17/93

7/12/93

8/16/93

10.8
10.6
10.6
10.0
9.2
8.9

9.8
10.1
9.5
8.6
8.4

9/13/93 10/11/93 11/15/93 12/13/93

ending:
7/12/93
8/16/93
9/13/93
10/11/93
11/15/93
12/13/93
1/17/94
2/14/94

11.5
11.6
11.3
11.2
11.1
10.7
10.2
10.0


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Federal Reserve Bank of St. Louis

13.4
12.4
12.0
11.7
11.1
10.4
10.0

10.5
9.5
8.5
8.2

9.1
8.0
7.7

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Seasonally Adjusted

Billions of Dollars

BlUion. of Dollars

110
1994

Billions

106

102

M

90

86

6 20 J 17 3 17 }| 14 28 12 26 ! 23 7 21 4 18 1 IS 2! 1] 27 10 24 8 22 S I) 1 IS 2
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

1993

Feb

IS 30
Mar

1994

Latest data plotted two weeks ending: February 16, 1994
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
2/17/93 5/12/93 7/21/93 8/18/93 9/15/93 10/13/93 11/10/93 12/22/93
two maintenance
periods ending:
7/21/93
B/18/93
9/15/93
10/13/93
11/10/93
12/22/93
1/19/94
2/16/94

7.3
8.0
8.4
8.9
7.8
5.5
7.7
9.1


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Federal Reserve Bank of St. Louis

15.0
14.1
13.7
11.3
7.5
10.2
11.9

11.7
11.9
8.4
3.9
8.0
10.5

11.6
7.1
2.0
7.2
10.2

5.3
-0.4
6.4
10.1

-5.0
4.8
9.7

7.4
13.0

31.2

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
February 14, 1994 from
the four weeks ending:
Feb 15, 1993 -0.6
May 10, 1993 -0.3
Aug 16, 1993 -2,2
Sep 13, 1993 -2.1
Oct 11. 1993 -2.4
Nov 8, 1993 -4.1
Dec 20, 1993 -9.8

Jan

3

Feb 14

4 18 1 15 1 15 29 12 26 10 24 7 21 5 19 2 16 30 13 27 11 25
Jan
Feb Mar Apr May Jun
Jul
Aug Sep Oct
1993

Nov

Dec

2.674
2.671
2.666

2.643
2.634
2.622

17 31 14 26 14 28
Jan
Feb Mar
1994

Latest data plotted two weeks ending: February 14. 1994

Currency Component of M12/
Billions of Dollars
-------- 1---------1---------Compounded annt al
rates of change,
average of the fou r
weeks ending
February 14, 1994
330 the
four weeks enc ing:
Feb 15, 1993 1 0.8
May 17, 1993 1 0.8
Aug 16, 1993 1 0.9

320

Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

330

33D

320

Oc 11 , 1993 1 0.5
Nov 15, 1993 1 1.6
Dec 13, 1993 1 3.5

310

310
1994
Jan 1 0
17
24
31
Feb 7
14

3 18 1 15 I IS 29 12 29 10 23 7 21 S 19
Jan Feb Mar
Apr May Jun
Jul
1993

2 16 JO 13 27 11 2S
Aug
Sep Oct

Billi ons
32 3.7
32 5.0
32 6.0 —
32 7.6
32 3.3
32 3.5

300

8 22 6 20 3 17 31 14 28 14 28
Nov Dec Jan
Feb Mar
1994

Latest data plotted week ending: February 14, 1994
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

5

6

Yields on Selected Securities
Averages of Daily Figures

-^s

✓✓

Corp orate
Aaa Sonde

\

N.

s
“ "*

V"" r\«- >

N,

N

\

✓
> /
Munio pal Bor ds

3rtme l ank
.oan R< te

*■* ^ ^

\_/

-

^ ■» •

V
Cot nmerclc 1
Paper

1 15 2)
Jan

12 21 12 26 9 23 7 21
Feb Mar Apr May

4 II 2 II 30 13 27 10 24 8 22 5 1) 3 17 31 14 28 11 25 11 25
Jun
Jul
Aug
Sep Oct Nov Dec Jan
Feb Mar
1993
1994

Latest data plotted are averages of rates available for the week ending: February 25, 1994

1994
Dec

3
10
17
24
31
Jan 7
14
21
28
Feb 4
11
18
25 *

30—Day
Commercial
Paper

90—Day
CDs

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

3.27
3.41
3.34
3.31
3.35
3.21
3.12
3.13
3.11
3.14
3.41
3.46
3.45

3.35
3.31
3.23
3.20
3.24
3.22
3.13
3.12
3.12
3.20
3.40
3.47
3.51

3.30
3.26
3.20
3.18
3.21
3.16
3.09
3.07
3.07
3.19
3.40
3.43
3.50

6.95
6.86
6.97
6.95
6.94
7.01
6.87
6.92
6.91
6.93
7.03
7.06
7.15

7.70
7.61
7.72
7.70
7.71
7.75
7.61
7.64
7.62
7.61
7.72
7.76
7.85

5.46
5.33
5.36
5.34
5.28
5.34
5.31
5.29
5.28
5.25
5.36
5.42
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


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Federal Reserve Bank of St. Louis

Selected Interest Rates

Percent

Percent

7.0

7.0

t.D
\

5 -Year
Treasur f Securi Set

\
\
\

/

•s

S ''X

1

>

-/

/

/• m \

/

\
x/

1.0

Federal
F mde Ra *

l» . * H

TTii
' A*

3.0 f

T

/V

Discourit Rate

v

V'-i ... Ai

h
Bill

_

I ' I ' I

1 15 2§ 12 26 12 26 9 23 7 21 4 18 2 16 30 13 27 10 24 8 22 5 1! 3 17 31 14 28 11 25 11 25
Jan
Feb Mar Apr May Jun
Jul
Aug Sep
Oct
Nov Dec
Jan
Feb Mar
1993
1994
Latest data plotted are averages of rates available for the week ending: February 25, 1994

1994
Dec

3
10
17
24
31
Jan 7
14
21
28
Feb 4
11
18
25 *

Federal
Funds **

3—Month
Treasury
Bill

1 —Year
Treasury
Bill

3.09
2.92
2.94
2.99
2.99
3.00
2.98
3.13
2.97
3.17
3.20
3.25
3.25

5-Year
Treasury
Securities

10-Year
Treasury
Securities

Long-Term
Treasury
Securities

3.12
3.46
5.14
5.80
6.25
3.07
3.44
5.10
5.71
6.14
3.04
3.47
5.18
5.82
6.26
3.06
3.45
5.16
5.79
6.24
3.02
3.45
5.14
5.77
6.22
3.05
3.46
5.21
5.85
6.30
2.97
3.38
5.03
5.69
6.15
2.96
3.36
5.06
5.74
6.17
2.93
3.35
5.74
5.05
6.16
3.08
3.49
5.14
5.80
6.18
3.25
3.69
5.36
5.94
6.34
3.27
3.70
5.40
5.95
6.39
3.34
3.79
5.55
6.09
6.54
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
*•* Auction average (discount)
Prepared by Federal Reserve Bank of St. Louis


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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

1994

3560 -

Billions of Dollars

M2
Billions

Jan 10
17
24
31
Feb 7
14

3569.7
3577.0
3575.0.
3569.8
3568.8
3573.3

(left scale)

Non-Mi M2 (right scale)
Non-M1 M2
1994
Jan 10
17
24
31
Feb 7
14

4 18 1

15 1 15 29 12 26 10 24 7 21 5 19 2 16 30 13 27 II 25 8 22 6 20 3 17 31
Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Billions
2439.2'
2443.7
2438.7
2433.7
2432.9
2434.0

26 14 21
Feb
1994

Mar

Latest data plotted week ending: February 14, 1994
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:
TO the average z/15/93 5/17/93 7/12/93 8/16/93 9/13/93 10/11/93 11/15/93 12/13/93
of four weeks
ending:
7/12/93
8/16/93
9/13/93
10/11/93
11/15/93
12/13/93
1/17/94
2/14/94

2.3
2.4
2.3
2.2
2.2
2.3
2.3
2.2


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Federal Reserve Bank of St. Louis

3.1
2.7
2.5
2.4
2.5
2.5
2.3

2.2
2.2
2.1
2.3
2.3
2.1

1.6
1.7
2.0
2.1
1.9

2.0
2.3
2.3
2.0

2.4
2.4
2.0

Prepared by Federal Reserve Bank of St. Louis

Savings and Small Time Deposits
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Savings
1994 Billions
Jan 10 1217.4
17 1225.2
24 1221.1
31 1219.7
Feb 7 1219.9
14 1222.4

Small Time
1994 Billions

Small Time

Jan 10

780.8
780.0
778.8

Feb 7

777.1

right scale)

Savings Deposits (left scale)
4 18 I 15 I 15 29 12 26 10 24 7 21 5 19 2 16 JO 13 27 11 25
Feb Mar Apr May Jun
Jul
Aug Sep Oct
1993
Note: Savings deposits are at all depository institutions.

22 6 20 3 17 31 14 28 14 28
Nov Dec
Feb Mar
1994

Large Time Deposits and Money Market Funds1//
Billions of Dollars

All Depository Institutions
Averages of Daily Figures, Seasonally Adjusted

Large Time

Billions of Dollars

Money Market

1994

1994 Billions
Jan 10 341.5
17 343.2.
24 343.2
31 339.2
Feb 7 336.6
14 336.5

Jan 10
17
24
31
Feb 7
14

Billions

351.5
349.3 _
348.5
345.5
344.9
344.9

Money Market

Large Time

* II I 15 I 15 29 12 26 10 26 2 21 5 19 2 16 30 13 27 11 25 8 22
Jan
Feb Mar Apr May Jun
Jul
Aug Sep Oct
Nov
1993

20 3 17 31 14 28 14 28
Dec Jan
Feb Mar
1994

Latest data plotted week ending: February 14, 1994
1/ 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. Louis


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

9

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

Billions of Dollars

1994

Billions

Jan 19
26
Feb 2
9
16
23

S 20 3 17 3 17 31 11 28 12 26 9 23 7 21 1 18 1 15 29 13 27 10 21
Feb Mar Apr May Jun
Jul
Aug Sep Oct
1993

0.128
0.039
0.051
0.045
0.145 ---0.046

22 5 19 2 16 2 16 30
Feb Mar
1994

Adjustment + Seasonal Borrowings
Billions of Dollars

rrom i-eaerai Keserve banks
Averages of Daily Figures

Billions of Dollars

1994

Billions

Jan 19
26
Feb 2
9

0.128
0.039
0.051
0.045

o'*
23

n r\Ao
0.046

1-2

16 0.145 — 1 0

i M 3 17 3 17 11 H 21 1! It
Jan Feb Mar
Apr May

9 21 7 21
Jun
Jul
1993

I 11 1 15 29 13 27 10 24 1 22 5 19 2 It 2 It 10
Aug Sep
Oct Nov Dec Jan
Feb Mar
1994

Latest data plotted week ending: February 23, 1994


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

Billions of Dollars

1994

Commercial Paper of Nonfinancial Companies
Billions of Dollars

Not Seasonally Adjusted

Billions

8 20 3 17 3 17 31 14 28 12 28 9 23 7 21 4 18 1 15 29 13 27 10 24 8 22 5 19 2 18 2 IS 30
Feb Mar Apr May Jun
Jul
Aug Sep Oct Nov Dec
Feb Mar
Latest data plotted week ending: February 16, 1994-

Commercial and Industrial Loans17
Weekly Reporting Large Commercial Banks2/
Seasonally Adjusted

Billions of Dollars

325
315
305
295

I
I
r
Compounded ann ual
rates of change,
average of the fo jr
weeks ending
February 9, 1 994 from
the four weeks en ding:
Feb 10, 1993 0.8
May 12, 1993 1.0
Aug 11, 1993 0.2
Sep 8, 1993 1.4
Oct 6, 1993 1.2
Nov 10, 1993 1.2
4.5

Billions of Dollars

325

---------1--------199' :

Feb
.

5
2
9
6
2
9

Billions
277.784__
278.201
280.173
279.939
281.839
280.105

315
305
295

285

285

275

275

265

6 10
Jan

3 17 3 17 31 14 21 12 26
Feb Mar
Apr May

9 23 7 21 4 11
Jun Jul Aug
1993

1 IS 29 13 27 10 24 I 22 5 19 2 16 2 11 30
Sep Oct Nov Dec Jan
Feb Mar
1994

265

Latest data plotted week ending: February 9, 1994
1/ Commercial and industrial loans include banker's acceptances and commercial paper.
2/Banks with domestic assets greater than $1.4 billion
_
.L ^
.
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

Averages of Doily Figures

1973=100

L224 1973=199

6 20 3 17 3 17 31 14 28 12 26 8 23 7 21 4 18 1 13 28 13 27 10 24 8 22 5 18 2 16 2 16 30
Jan

Feb

Mar

Apr

May

Jun
Jul
1993

Aug

Sep

Oct

Nov

Dec

Jan

Feb
1994

Mar

Latest data plotted week ending: February 23, 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. dollor, computed using 10 industrial
country currencies.
Prepared by Federal Reserve Bank of St. Loui9

3!

0
H
X
sg

1
j

o

%

Oi Q Pi


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Federal Reserve Bank of St. Louis