Full text of U.S. Financial Data : April 13, 1995

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

n

il 13,1995

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'.■IV

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1 a WB5

Of St. Louis

U.S. Financial Data

THE
FEDERAL'
JRESERVE
IIANKof
ST. I X H IS

THE WEEK'S HIGHLIGHTS:
✓ Total retail sales rebounded in March, rising at a 2.2 percent
annual rate, after falling at an 11.6 percent rate in February. Since
October 1994, retail sales have risen at a slight 0.2 percent rate,
compared with a 6.5 percent rate of increase over the previous
seven months.

✓ The consumer price indexfor all urban consuiners (CPI-U) increased
at a 2.4 percent rate in March, following a 3.2 percent rate of increase
in February. Excluding food and energy prices, the CPI rose at a
3.8 percent rate in March.

✓ The producer price index for finished goods (PPI) was unchanged
in March. The PPI rose at a 3.9 percent rate in the first quarter
of 1995, the largest increase since the fourth quarter of 1990.

✓ Nonfarm payrolls expanded by 203,000 in March, or at a 2.1 percent
rate. Payroll employment rose at a 2.8 percent rate in the first
quarter, down modestly from the 3.4 percent pace registered over
the previous three quarters.

✓ Consumer installment credit outstanding increased $8.2 billion in
February, or at an 11.2 percent annual rate. Consumer credit has
risen for 27 consecutive months.
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. Sorry, no refunds.
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
Averages or uaily Figures
Seasonally Adjusted

Billions of Dollars

1995

Billions

Jan 18
Feb 1

459.1
460.0
461.8
462.4
462.9

Mar 1

Billions of Dollars

2 16 2 18 30 13 27 11 25 8 22 6 20 3 17 31 14 28 12 26 9 23 7 21 4 18 1
Feb

Mar

Apr

May

15 1 15 29 12 26

Jun

Jul
Aug
Sep
Oct
Nov Dec
Jan
Feb Mar
Apr
1994
1995
Latest data plotted reserve maintenance period ending: March 29, 1995
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 sourc? 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:
8/31/94
9/28/94
10/26/94
11/23/94
1/4/95
2/1/95
3/1/95
3/29/95

Compounded annual rates of change, average of two maintenance periods ending:
3/30/94 6/22/94 8/31/94 9/28/94 10/26/94 11/23/94 1/4/95
2/1/95

7.3
7.2
6.9
6.7
6.2
6.7
6.7
6.5


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

Data not available at press time.
6.3
6.1
5.9
5.3
6.1
6.2
6.0

6.1
5.7
4.8
6.1
6.3
5.9

5.3
4.4
5.9
6.2
5.8

3.9
6.0
6.3
5.8

6.5
6.7
6.0

9.5
7.5

Prepared by Federal Reserve Bank of St. Louis

Money Stock (Ml) and Total Checkable Deposits
Billions of Dollars

Averages ot uany Ngures

Billions of Dollars

Seasonally Adjusted

1995

M1
Billions

Feb 27 1146.2
— Mar 6 1147.2­
13 1147.1
20 1151.1
27 1150.0
Apr 3 1145.1

M1 (left scale)

TCD (right scale)

TCD

1225
Feb 27
Mar 6
13
20
27
Apr 3

Feb

Mar

Apr

May

Jun

Jul
1994

/

Feb

iiUiops
778.8
779.1 —
776.8
779.0
776.9
772.0

Mar

Apr

Latest data plotted week ending: April 3. 1995
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)
To the average
of four weeks
ending:
9/5/94
10/3/94
10/31/94
12/5/94
1/2/95
2/6/95
3/6/95
4/3/95

Compounded annual rates of change, average of four weeks ending:
4/4/94
7/4/94
9/5/94 10/3/94 10/31/94 12/5/94 1/2/95
2/6/95

1.7
1.4
0.9
0.8
0.5
0.7
0.4
0.5


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

1.0
0.1
0.1
-0.1
0.3
-0.2
0.1

-1.6
-0.9
-1.0
-0.2
-0.8
-0.4

-1.1
-1.2
-0.3
-0.9
-0.4

-0.5
0.5
-0.4
0.1

0.7
-0.7
0.0

Prepared by Federal Reserve Bank of St. Louis

4
Adjusted Reserves
Seasonally Adjusted

Billions of Dollars

Billions of Do|tors
1H

1995

Billions

Jan 18 102.4
Mar

110

1 103.6
15 102.2

102

99

99

2 16 2 IS 30 13 27 II 25
Feb Mar Apr May

22 6 20 3 17 31 14 28 12 26 9 23 7 21 4 IB 1 IS 1 IS 2) 12 20
Jul
Aug Sep Oct Nov Dec Jan
Feb Mar Apr
Jun
1994
1995

Latest data plotted two weeks ending: March 29, 1995
Adjusted reserves is the difference between adjusted monetary base and currency component of Ml.

Adjusted Reserves
To the average of
two maintenance
periods ending:
8/31/94
9/28/94
10/26/94
11/23/94
1/4/95
2/1/95
3/1/95
3/29/95

Compounded annual rates of change, average of two maintenance periods ending:
3/30/94

6/22/94

8/31/94

9/28/94 10/26/94 11/23/94

1/4/95

2/1/95

Data not available at press tine.
-0.2
0.6
-0.3
-2.2
-2.8
-1.8
0.0
-2.0


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

-1.8
-2.8
-5.1
-5.3
-3.7
-1.1
-3.6

-0.6
-5.7
-5.8
-3.4
0.2
-3.3

-10.8
-8.7
-5.2
-0.7
-4.6

-9.7
-5.0
0.6
-4.3

-0.5
5.6
-1.7

15.0
0.4

-3.2

Prepared by Federal Reserve Bank of St. Louis

90

Money Multiplier 1/
Averages of Daily Figures
Seasonally Adjusted
Compounded annual
rates of change,
average of the four
weeks ending
March 27, 1995 from
the four weeks ending:
Mar 2B, 1994 -5.3
Jun 20, 1994 -5.2
Sep 26. 1994 -6.0
Oct 24, 1994 -5.7
Nov 21, 1994 -5.2
Jan 2, 1995 -6.7
Jan 30. 1995 -5.8

Ratio

Mar

Apr

May

2.507

Feb 13

2.488
2.479

2.497

Mar 13

2.478

2.480

7 2V 7 21 4 18 2 16 30 13 27 II 25
Feb

Jan 16

Jun

17 31 14 28 12 26

Jul

Nov

20 6 20

Dec

Feb

1994

Mar

Latest data plotted two weeks ending: March 27, 1995

Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

375

3(5

355

Billions of Dollars

—I--------- 1---------- 1---------Compounded annual
rates of change,
average of the four
weeks ending
■ April 3, 1995 from
the four weeks ending:
Apr 4. 1994 9.2
Jul 4, 1994 9,0
Oct 3. 1994 9.3
Oct 31. 1994 9. 1
D< c 5, 1994 8.8
Jc n 2, 1995 0.3
F« b 6, 1995 8.6

375

365

355

345

345

335

325

1995

Billio 02

Feb 2 7

358 8

13 361.7 —
20 363.3
27 364.1
Apr 3 364.0
'l 1 l
' | ■i i i
,,
Feb

_

,
Mar

.

'
Apr

1
May

Jun

'

1
Jul

325

1
Aug

Sep

Oct

1994

Nov

Dec

Jan

Feb

Mar

Apr

1995

Latest data plotted week ending: April 3, 1995
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

335

Prepared by Federal Reserve Bank of St. Louis

5

6

Yields on Selected Securities

Percent

Percent

Averages of Daily Figures

Corporate
Aaa Bonds

-Loon Rote-

Municipal Bonds

Commercial

18 1 15 29 13 27 10 24
Mar

Apr

May

Jun

19 2 IS 30 14 28 11 25 9 23 S 20
Jul
1994

Aug

Sep

Oct

Nov

Dec

Jan

17 3 17 31 14 28
Feb Mar
1995

Apr

Latest data plotted are averages of rates available for the week ending: April 14. 1995

1995

30-Day
Commercial
Paper

90-Day
CDs

90-Day
Bankers'
Acceptances

Jan 20
27
Feb 3
10
17
24
Mar 3
10
17
24
31
Apr 7
14 *

5.82
5.94
6.08
6.03
6.07
6.03
6.05
6.08
6.07
6.05
6.08
6.08
6.08

6.22
6.22
6.22
6.16
6.17
6.11
6.13
6.20
6.14
6.12
6.15
6.15
6.12

6.12
6.10
6.11
6.05
6.05
6.00
6.03
6.08
6.03
6.02
6.05
6.03
6.01

Corporate
Aaa Bonds
8.44
8.49
8.33
8.28
8.26
8.23
8.17
8.22
8.04
8.10
8.08
8.05
8.07

Corporate
Baa Bonds

Municipal
Bonds **

9.06
9.10
8.92
8.87
8.85
8.82
8.76
8.81
8.62
8.69
8.65
8.62
8.64

6.44
6.49
6.40
6.18
6.18
6.11
6.08
6.18
6.06
6.09
6.07
6.03
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

9.0

9.0

8.0
** —

5- rear
T easury Securiti es

\

>i^

d

-\
\\

_
_
_
_

✓
T- - - - -

/"

t

r

/

>

----- J✓

Federal
Fund i RateJ

-

Jt
A
3- lonth
Treai ury Bill ✓V

A.v

*

5.0

/r
<* ✓ J

/
✓

Discou nt Rate

3.0

3.0

2.0 —»~'i

HIM

-»-i •

Feb

Mar

Apr

'Ml
May

i

'

i

Jun

' I'M r-r-m TTTT 'Ml I'M
22 5 1! 2 16 30 14 28 II 25 J 23 S 20 3 17 3 17 31 14 28

i 1 i

Jul
Aug
Sep
Oct
Nov
Dec
Jan
1994
Latest data plotted are overages of rates available for the week ending: April 1 4, 1995

1995

Federal
Funds **

Jan 20
27
Feb 3
10
17
24
Mar 3
10
17
24
31
Apr 7
14 *
r- u

-------- '■rrr j i

5.45
5.42
5.63
5.95
5.93
5.94
5.88
5.93
5.94
5.97
6.06
6.20
5.98
...

,

3—Month
Treasury
Bill

1 —Year
Treasury
Bill

5—Year
Treasury
Securities

10—Year
Treasury
Securities

5.70
5.77
5.82
5.79
5.75
5.72
5.74
5.76
5.75
5.72
5.69
5.70
5.65

6.58
6.50
6.43
6.37
6.29
6.15
6.07
6.14
6.00
5.97
5.98
5.99
5.92

7.73
7.74
7.54
7.47
7.40
7.23
7.10
7.18
6.95
7.01
7.01
6.96
6.92

7.74
7.78
7.62
7.56
7.48
7.36
7.27
7.35
7.11
7.16
7.15
7.12
7.09

A"'®®'u 3 n. ■ u icicusc exuiuuiriu ion

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


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

Feb

Mar

Apr

1995
Long-Term
Treasury

7.90
7.93
7.78
7.72
7.67
7.61
7.53
7.61
7.40
7.47
7.45
7.41
7.40
j—term Treasury securities

Prepared by Federal Reserve Bank of St. Louis

7

2.0

r

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

Billions of Dollars

1995

Billions of Dollars

Billions

Feb 27 3622.2
Mar 6 3618.9
13 3626.8.
20 3639.4'
27 3641.8
Apr 3 3634.8
M2 (left scale)

Non-M1 M2
1995 Billions

Non-M1 M2 (right scale)

Feb 27 2476.0
Mar 6 2471.7
13 2479.7
20 2488.3
27 2491.8
Apr 3 2489.7

7 21 7 21 4 18 2 16 30 13 27 11 25
Feb

Mar

Apr

May

Jun

Jul
1994

22 5 19 3 17 31 14 28 12 26 9 23
Aug

Sep

Oct

Nov

Dec

Jan

20 6 20 3 17
Feb Mar
1995

Apr

Latest data plotted week ending: April 3, 1995
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 Stack (M2)
To the average

Compounded annual rates of change, average of four weeks ending:
10/3/94 10/31/94 12/5/94
1/2/95
2/6/95
4/4/94
7/4/94
9/5/94

ending:


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

0.8
0.2
0.4
0.5
0.9
0.6
1.1

-0.9
-0.1
0.2
0.9
0.4
1.1

-0.2
1.1
0.5
1.2

ro

1.0
0.8
0.5
0.6
0.6
0.9
0.7
1.0

oId

9/5/94
10/3/94
10/31/94
12/5/94
1/2/95
2/6/95
3/6/95
4/3/95

1.9
1.0
1.8

2.3
1.0
2.0

0.9
2.2

1.6

Prepared by Federal Reserve Bank of St. Louis

Savings and Small Time Deposits
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars
34(1 -------1---------Savin gs
1995 fi llions
“Feb 27 11 05.7
Mar 6 1 01.4
13 1C>97.8
20 1C>95.4
Ap • 3 1C 84i0

Billions of Dollars
---------1----------1------- 1035
Small Time
1995 Billions
Feb 27
Mar 6
13
20

862.5
868.9
875.0
879.3

Apr

887 4

3

— 995
955

Savin' s Depo sfts(lef scale'

115
►

y

✓

✓

y*

>75

✓

135

Sm ill Time (right scale)
y
, ^-

795

, y **
» 1 -t~F't rT-t-T-t

■ t 1

'■ "1"' I1 » i »r
r* r n 1 1 ■ 1 ■ i

t

-i •»

• i » r

755

*~T ■ 1

7 !l 7 II 4 II I It 30 13 27 II 25 I 22 S 1! 3 17 31 14 20 12 20 ! 23 f 21 f 20 3 17
Feb

Mar

Apr

May

Jun

Jul
1994

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

1995

Note: Savings deposits are at all depository institutions.

Large Time Deposits and Money Market Funds1 /
All Depository Institutions
Averages of Daily Figures, Seasonally Adjusted

Billions of Dollars

445

420

Billions of Dollars

-------1----------1--------Large Time
1995 Billions
Feb 27 375.0
Mar 6 375.7 _
13
74.8
77.0
20
27 3 76.6
Ap 3 3 72.5

1
1
Money Market
1995 Billions
Feb 27
Mar 6
13
20
27
Apr 3

395

oney M arket
/“*■ ““

370

, **

X

§y " * , y

445

392.3
387.6
391 6
390 4
393 4
394 8

420

395

- "«e y

y*

370

/
✓

345

320

345

Large Time

7 21
Feb

7 21 4 11 2 16 30 13 27

11 25 I 22 5 19 3 17 31 14 21 12 26

I 23

Mar Apr

Jul

Jan

May

Jun

Aug

Sep

1994

Oct

Nov

Dec

6 20 6 21 3 17
Feb Mar
1995

Apr

Latest data plotted week ending: April 3, 1995
1/ Large time deposits are those issued in denominations of $100,000 or more.
Money market funds are general purpose and broker/dealer.
preparod by Federa| R„erve Bank of st Uuis


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

9

320

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1995

Billions

Mar 8

0.054
0.064
0.072
0.086
0.082
0.070

— Apr

2 IS

5

2 IS 31 13 27 11 25 8 22 6 20 3 17 31 14 28

Feb Mar

Apr

May

12 26 i 23

Billions of Dollars

7 21 4 18 1 15 1 IS 2! 12 26

Jun

Jul
Aug
Sep
Oct Nov
Dec
Jan
Feb Mar
Apr
1994
1995
Borrowings include seasonal, adjustment and extended credit; extended credit was $19 million in the week ending
January 25, 1995, f 1 million in the week endina July 20, 1994 and was zero in the other weeks shown.
All Commercial Banks in the United States
Seasonally Adjusted

Billions of Dollars

3425 ----- 1—

Billions of Dollars

Bank Credit
1995 Billions
Feb 22 3366.1
8
15
22
29

3374.2
3385.7
3386.43390.6

Bank Credit (left scale)

Loans&Leases
. 1995 Billions
Feb 22 2426.2
2436.9

Loans and Leases (right scale)

1994
Latest Wednesday data plotted : March 29, 1995
Current data appear in the Federal Reserve Board's H.8 release.
1/ Includes foreign—related institutions
2/ Includes loans and leases and securities


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

15 2442.2__
22 2448.2
29 2450.1

1995

Prepared by Federal Reserve Bank of St. Louis

Commercial Paper of Nonfinancial Companies

Billions of Dollars

1995

Billions of Dollars

Not Seasonally Adjusted

Billions

Mar 1 170.907
167.675
175.422
175.024
171.194
172.035

2 IS 2 16 38 13 27
Feb

Mar

Apr

25 8 22 6 20 3 17 31 18 28 12 26 § 23 7 21

May

Jun

Jul
1994

Aug

Sep

Oct

Nov

15 1 15 28 12 26

Dec

Feb

Mar

Apr

Latest data plotted week ending: April 5, 1995

Commercial and Industrial Loans

Billions of Dollars

Billions of Dollars

Seasonally Adjusted

All Banks
1995 Billions
Feb 22
- Mar 1
8
15
22
29

670.8
676.4 .
671.9
675.6
676.0
675.5

Large Banks (right scale)

Large
1995
Feb 22
Mar 1
8
15
22
29

All Banks (left scale)

2 16

2 IS 38 13 27 11 25 8 22 6 28 3 17 31 14 28 12 26 9 23 7 21 4 18

Feb Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Dec

Jan

15 1
Feb

15 29 12 26
Mar

Apr

1994

Latest Wednesday data plotted : March 29, 1995
Current data appear in the Federal Reserve Board's H.8 release.
1/ Includes foreign-related institutions
2/ Weekly reporting, domestically chartered banks


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

Nov

Banks
Billions
329.0
331.8
329.8
332.1
331.9
331.9

11

Prepared by Federal Reserve Bank of St. Louis

Dollar’s Trade-Weighted Exchange Index
1973-100

1973-100

Averages ot Dally Figures

19951973=100

83.4
Apr

5
82.4

2

IS 2 16 30 13 27 11 25 8 22 6 20 3 17 31 14 20 12 26
Feb Mar
Apr
May Jun
Jul
Aug
Sep Oct
1994

9 23 7 21
Nov Dec

4 10
Jan

1

15 1 15 25 12 26
Feb Mar
Apr
1995

Latest data plotted week ending: April 12, 1995
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

1

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m
M M
£f
&3

Pi
LO
os Ovi