Full text of U.S. Financial Data : April 14, 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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U.S. Financial Data
THE WEEK'S HIGHLIGHTS:

The consumer price index increased at an annual rate of 4.2 per­
cent in March, following an increase of 3.3 percent in February.
Consumer prices have risen 2.6 percent since March 1993.
The producer price index for finished goods rose at a 2.9 percent
annual rate in March, after rising 5.9 percent in February. Producer
prices have increased 0.2 percent during the past year.
%/ Retail sales advanced at a 5.1 percent annual rate in March, after
rising 21.1 percent in February. March sales were up 8.9percent
from a year earlier. Retail sales data are not adjusted for inflation.
%/ Outstanding consumer installment credit expanded at a 5.5 percent
annual rate in February, following an increase of 10.1 percent in
January. Consumer credit has increasedfor nine consecutive months.

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.


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Federal Reserve Bank of St. Louis

Adjusted Monetary Base
Averoges of Daily Figures
Seasonally Adjusted

Billions of Dollars

1994
Feb

Billions of Dollars

Billions

2

Mar 2
16

431.4
433.9
435.9
434.I

Apr 13

436.7

3 17 3 17 31 14 21 12 21 9 23 7 21 4 18 1 15 29 13 27 10 24 8 22 5 19 2 10 2 10 31 13 27
Feb Mar
Apr
May
Jun
Jul
Aug
Sep Oct
Nov Dec
Jan
Feb Mar
Apr
1993
1994
Latest data plotted reserve maintenance period ending: April 13, 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 Federo
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 Moneteiy Base
To the average of
two maintenance
periods ending:
9/15/93
10/13/93
11/10/93
12/8/93
1/19/94
2/16/94
3/16/94
4/13/94

Compounded annual rates of change, average of two maintenance periods ending:
4/14/93

11.3
11.4
10.5
10.0
9.9
10.9
10.7
10.1


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Federal Reserve Bank of St. Louis

7/7/93

11.1
9.7
9.0
9.1
10.6
10.4
9.6

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

B.4
7.5
8.2
10.6
10.2
9.2

5.4
7.2
10.3
9.9
8.S

8.1
11.8
11.0
9.5

1/19/94

2/16/94

14.3
12.6
10.4

Prepared by Federal Reserve Bank of St. Louis

Z

Money Stock (Ml) and Total Checkable Deposits
Averages of Dally Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

M1
1994 Billions
- Feb 28 11 40.5 ■
Mar 7 1140.4
14 1141.6
21 1143.3
28 1146.8
Apr 4 1148.3
M1 (left

■TCD (right scale)

TCD
1994
Feb 28
Mar 7
14
21
28
Apr 4

1

IS 1 15 29 12 26 10 24 7 21
Feb Mar
Apr
May Jun

5 19 2 16 30 13 27 11 25
Jul
Aug
Sep
Oct
1993

8 22
Nov

6 20
Dec

Billions
802.0
801.2
,7n
801.9 — 730
802.9
804.7
806.4

3 17 31 14 21 14 21
Jan
Feb Mar
1994

11 25
Apr

Latest data plotted week ending: April 4, 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:
4/5/93
7/5/93
9/6/93
10/4/93 11/1/93 12/6/93
1/3/94
2/7/94

ending:
9/6/93
10/4/93
11/1/93
12/6/93
1/3/94
2/7/94
3/7/94
4/4/94

13.0
12.7
12.3
11.9
11.3
10.7
10.2
9.9


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Federal Reserve Bank of St. Louis

11.0
10.7
10.4
9.7
9.1
8.7
8.4

10.3
9.9
9.0
8.3
7.9
7.6

9.4
8.4
7.7
7.3
7.1

7.9
7.2
6.8
6.7

6.0
5.8
5.9

5.7
5.8

5.7

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reseives
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

111
1994
Jan 19
-Feb 2
16
Mar 2
16

Billions
103.9
104.6
105.5
106.0
103.3

106

102

98

94

90

3 I7 3 I7 31 It 2! 12 2t 9 23 7 21 4 1< 1 IS 29 13 22 10 21 ! 22 5 19 2 If 2 li 30 13 2)
Feb Mar
Apr
Way
Jun
Jul
Aug
Sep
Oct
Nov Dec
Jan
Feb War
Apr
1993
1994
Latest dota plotted two weeks ending: Warch 30, 1994
Adjusted reserves is the difference between adjusted monetary base and currency component of W1,

Adjusted Reserves
To the average of
two maintenance
periods ending:
9/1/93
9/29/93
10/27/93
11/24/93
1/5/94
2/2/94
3/2/94
3/30/94

Compounded annual rates of change, average of two maintenance periods ending:
3/31/93

15.0
13.7
13.5
10.3
8.8
11.3
12.0
8.3


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

6/23/93

9.7
10.2
6.1
4.9
8.7
9.9
5.4

9/1/93

9.4
2.2
1.7
7.6
9.5
3.6

9/29/93 10/27/93 11/24/93

0.0
0.4
7.9
10.0
3.2

-4.0
6.7
9.6
1.6

14.6
16.2
4.6

1/5/94

2/2/94

29.3
6.6

Prepared by Federal Reserve Bank of St. Louis

80

Money Multiplier 1/
Averages of Daily Figures
Seasonally Adjusted

Ratio

Compounded annual
rates of change,
average of the four
weeks ending
March 28, 1994 from
the four weeks ending:
Mar 29, 1993 -0.5
Jul 5, 1993 -1.4
Sep 27. 1993 -2.5
Nov 8, 1993 -3.4
Dec 6. 1993 -5.1
Jan 3, 1994 -7.4
Jan 31, 1994 -5.3

I

Ratio
Jan 1 7
Feb 14
Mar 14

15 1 15 29 12 2i 10 24 7 21 5 19 2 16 30 13 27 11 25 8 22 6 20
Feb Mar
Apr May
Jun
Jul
Aug
Sep
Oct
Nov Dec
1993

2.634
2.622
2.615
2.625
2.626

17 31 14 28 16 28 11 25
Jan
Feb Mar
Apr
1994

Latest data plotted two weeks ending: March 28, 1994

Currency Component of M12/
Billions of Dollars

Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Compounded annual
rates of change,
average of the four
weeks ending
April 4, 1994 from
the four weeks ending:
Apr 5, 1993 11.0
Jul 5, 1993 11.0
Oct 4, 1993 11.1
Nov 1, 1993 11.7
Dec 6, 1993 12.8
Jan 3, 1994 15.0
Feb 7, 1994 13.0

1994

Billions

Mar 7

331.2
331.7
332.3
334.0
333.7

Apr

1

15 1 15 29 12 26 10 26 7 21
Feb Mar
Apr May Jun

5 19 2 16 30 13 27
Jul
Aug
Sep
1993

11 25 8 22 6 20
Oct Nov Dec

3

4

17 31 16 28 16 28 11 25
Jan
Feb Mar
Apr
1994

Latest data plotted week ending: April 4, 1994
1/ Ratio of Ml 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

Percent

Percent

Averages of Daily Figures

9.0

9.0

/"
*\

•

s,
\

\
\

r

*

v✓—✓

\

*
✓

s

V

✓

-s./

r

7^

p ime Ba ik
Li tan Rat

i
— r

\—■

Munic pal Bor da

7.0

— *
>

8.0

4

Cor > orate
Aaa Bonds

/

5.0

5.0

4.0

1.0

3.0
Cot nmercic 1
Paper

5 11
Feb

5 19 i IS 30 14 28
Mar
Apr May

II 25 9 13 S 20 3 17 I 15 21 12 2S 10 24
Jun Jul
Aug
Sep
Oct
Nov Dec
1993

7 21
Jan

4 18 4 18
Feb Mar
1994

1

15 2!
Apr

Latest data plotted are averages of rates available for the week ending: April 15, 1994

1994

30—Day
Commercial
Paper

90-Day
CDs

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

Jan 21
28
Feb 4
11
18
25
Mar 4
11
18
25
Apr 1
8
15 *

3.13
3.11
3.14
3.41
3.46
3.47
3.57
3.61
3.61
3.67
3.68
3.77
3.71

3.12
3.12
3.20
3.43
3.47
3.57
3.71
3.77
3.75
3.81
3.84
3.93
3.89

3.07
3.07
3.19
3.40
3.43
3.53
3.67
3.75
3.72
3.75
3.75
3.88
3.82

6.92
6.91
6.93
7.03
7.06
7.23
7.36
7.44
7.46
7.49
7.65
7.90
7.85

7.64
7.62
7.61
7.72
7.76
7.92
8.01
8.08
8.10
8.15
8.30
8.56
8.49

5.29
5.28
5.25
5.36
5.42
5.58
5.84
5.88
5.84
5.92
6.07
6.34
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 date
N.A. — Not Available
Prepared by Federal Reserve Bank of St. Louis


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

2.0

Selected Interest Rates

Percent

Percent

Averages of Daily Figures

7.0

7.0
/x.
/

5 -Year
Treasur t Secur ties

/

6.0

X

\

\

X

x

\

> r^-*
4

V*

x X

/

\

1

_ /"

w ■—

l

/

X

4.0
Federal
Fi inde Ra ■M
VAl

3.0

jf-Ji

- "V

\

V-7 -vn

v

I iecount Rate
3 —Month
Treasury E

5

19
Feb

ii

5 19 2 IS 30 14 20
Mar
Apr May

t~r,

11 25 9 23 5 20 3 17 1 15 29 12 26 10 24
Jun Jul
Aug
Sep Oct
Nov Dec
1993

O

- Ai

7 21
Jan

4 18 4 18
Feb Mer
1994

1

3.0

15 2)
Apr

Latest data plotted are averages of rates available for the week ending: April 15, 1994

1994
Jan 21
28
Feb 4
11
18
25
Mar 4
11
18
25
Apr 1
8
15 *

Federal
Funds **
3.13
2.97
3.17
3.20
3.25
3.25
3.28
3.25
3.19
3.31
3.49
3.69
3.37

3—Month
Treasury
Bill

1 -Year
Treasury
Bill

2.96
2.93
3.08
3.25
3.27
3.35
3.47
3.52
3.52
3.49
3.50
3.60
3.55

3.36
3.35
3.49
3.69
3.70
3.82
3.95
4.09
4.11
4.15
4.21
4.49
4.45

5—Year
Treasury
Securities

10-Year
Treasury
Securities

Long-Term
Treasury
Securities

5.06
5.74
6.17
5.05
5.74
6.16
5.14
5.80
6.18
5.36
5.94
6.34
5.40
5.95
6.39
5.60
6.15
6.59
5.74
6.29
6.72
5.85
6.40
6.80
5.91
6.45
6.83
6.00
6.52
6.90
6.19
6.72
7.07
6.47
6.97
7.31
6.44
7.25
6.91
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


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

Billions of Dollars

2725
M2
1994

3575 -

Billions

Feb 28 3567.6
Mar 7 3576.9
14 3584.5.
21 3587.3
26 3588.3
Apr 4 3587.9

2625

2525

2425
Non-U 1 M2 (right scale)
Non-M1 M2
1.994 Billjons
Feb 28 2427.1
Mar 7 2436.5
14 2442.9
21 2444.0
28 2441.5
Apr 4 2439.6

I

15 1
Feb

15 2! 12 26 10 24 7 21
Mar

Apr

May

Jun

5

19 2 16 30 13 27
Jul

Aug

Sep

25 8 22 6 20 3
Oct

Nov

Dec

17 31 14 28 14 28 11 25
Jan

Feb

1993

Mar

2325

2225

Apr

1994

Latest data plotted week ending: April 4, 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)
To the average
of four weeks
ending:
9/6/93
10/4/93
11/1/93
12/6/93
1/3/94
2/7/94
3/7/94
4/4/94

Compounded annual rates of chang>e, average of four weeks ending:
9/6/93
10/4/93 11/1/93 12/6/93
1/3/94
2/7/94
4/5/93
7/5/93

3.0
3.0
2.6
2.7
2.6
2.5
2.3
2.6


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

2.3
1.8
2.2
2.1
2.0
1.8
2.3

1.6
2.4
2.2
2.0
1.7
2.3

2.1
2.0
1.9
1.5
2.2

2.8
2.3
1.7
2.6

1.6
1.0
2.3

0.7
2.5

3.1

Prepared by Federal Reserve Bank of St. Louis

Savings and Small Time Deposits
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars
1315
I
I
Savings
1994 Billions

Billions of Dollars
—i—i— 915
Small Time
1_994 Billions

Feb 28 1220.7
Mar 7 1222.4
14 1224.4

1275

Apr

28 123 1.2
4 123 3.1

Feb 28
Mar 7
14

771.7
771.1
770.7

28
4

769 .9
768 .9

Apr

175

Small Tima ( ight scale)

1235

135
Is—

1195

795

“^^
*"*

Savir 9* Cm parts (l< ft seal 0

---

1155

I

15

1

15 19 I! !9 10 24 7 21 5 19 2 11 31 13 !) 11 25 I 2!

Feb War

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

f 21 3 17 31 II 21 II 21

11 25

Dec

Apr

Jan

Feb

1993

Mar

755

1994

Note: Savings deposits are at all depository institutions.

Large Time Deposits and Money Market Funds1 /
rui uopusnuiy iiiauiuiiuna
Averages of Daily Figures, Seasonally Adjusted

Billions of Dollars
Large
1994
Feb 28
_ Mar 7
14
21
28
Apr 4

1

15

1

Time
Billions
333.8
333.0 .
332.7
333.9
332.2
325.6

Money Market
1994 Billions
Feb 28
Mar 7
14
21
28
Apr 4

IS 29 12 21 10 24 7 21 5 19

Feb Mar

Billions of Dollars

Apr

May

Jun

Jul
1993

2 10. 30 13 27 11 25 8 22
Aug

Sep

Oct

Nov

6 20

3

Dec

Jan

344.5
346.8 _
349.8
350.4
349.0
352.0

17 31 H 20 14 20 11 25
Feb

Mar
1994

Apr

Latest data plotted week ending: April 4, 1994
1/ Large time deposits are those issued in denominations of $100,000 or more.
Money market funds are general purpose and broker/dealer.
Prapared by Federal Reserve Bank of St Louis


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

9

10
Total Borrowings
Billions of Dollars

From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1994

Billions

Mar 9
16
23
30
■Apr 6
13

3 17 3 17 31 14 28 12 28 9 23 7 21 4 18
Feb Mar
Apr May
Jun Jul
Aug
1993

I

15 29 13 27 10 24 8 22
Sep
Oct
Nov Dec

0.024
0.053
0.051
0.085
0.153 ----0.096

5 19 2 16 2 16 30 13 27
Jan
Feb Mar
Apr
1994

Adjustment + Seasonal Borrowings
Billions of Dollars

hrom rederal Keserve Banks
Averages of Daily Figures

Billions of Dollars

1994
Mar 9
16
23
30
Apr 6
13

3 17 3 17 31 14 28 12 26 9 23 7 21 4 18
Feb Mar
Apr May Jun
Jul
Aug
1993

Billions
0.024
0.053
0.051
0.085
0.153 —
0.096

15 29 13 27 10 24 8 22 5 19 2 16 2 16 30 13 27
Feb Mar
Apr
Sep Oct
Nov Dec
Jan
1994

Latest data plotted week ending: April 13, 1994


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

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

11

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Dollar’s Trade-Weighted Exchange Index
Averages of Daily Figures

1973=100

1994 1973-100

Apr 6

Feb

Mar

Apr

May

Jun

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

Latest data plotted week ending: April 13, 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.
Prepared by Federal Reserve Bank of St. Louis


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