Full text of U.S. Financial Data : April 22, 1993

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U.S. Financial Data

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THE WEEK'S HIGHLIGHTS:
*/ Industrial production remained unchanged in March following five
consecutive months of strong gains. Compared with one year ago,
however, industrial production has increased 4.1 percent.
✓ The total industry capacity utilization rate fell from 80.1 percent in
February to 79.9percent in March, but remained well above its
78.4 percent level of a year earlier.
✓ Privately owned housing starts fell 4.6 percent in March to an
annual rate of 1,134,000 units. During the first three months of
1993, 243,000 housing units were started, down 7.3 percent from
the same period a year ago.
s/ The merchandise trade deficit remained virtually unchanged at
$7.2 billion in February. Exports were essentially the same as the
previous month’s level of $37.2 billion, while imports rose 0.2per­
cent to $44.4 billion in February. The accumulated trade deficit of
$14.4 billion for the first two months of the year compares with
$9.4 billion for the first two months of 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:
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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
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Federal Reserve Bank of St. Louis

2
Adjusted Monetary Base
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

19?3

Billions

Mar 3

391.2
397.6
395.0
390.9
393.1
396.0

Apr 14

5 IS
Feb

Billions of Dollars

4 II 1 15 29 13 27 10 24

I 22 5 IS 2 II 30 14 21 11 25 S 23 6 20 3 17 3 17 31 14 21

Mar

Jul

Apr

May

Jun

Aug

Sep

Oct

Nov

Dec

Jan

1992

Feb

Mar

Apr

1993

Latest data plotted reserve maintenance period ending: April 14, 1993
The adjusted monetary base is the sum of reservp accounts of financial institutigns at Federal Reserve banks,
currency in circulation (currency
arid in the vaults of all
all. depository ir-------------,--------institutionsj and c
currency held by the public and
' iment ratio .changes.,
me major soureg of the adjusted monetary base is Federal
ijustment for reserve requirement
cl
:a are-------are computed by this barik. A detailed description of the adjusted monetary base is
iserve credit. Data
Ml
available from this bank.
Recent data are preliminary.

Adjusted Monetary Base
_ ..
. Compounded annual rates of change, average of two maintenance periods ending:
ro the average of 4/15/g2 7/8/92 9/16/92 10/14/92 11/11/92 12/9/92 1/20/93 2/17/93
two maintenance
periods ending:
9/16/92
10/14/92
11/11/92
12/9/92
1/20/93
2/17/93
3/17/93
4/14/93

10.4
11.5

11.8

15.6
15.2
13.6
12.3
13.8

10.4

11.6

10.0

10.9

11.8
11.2
10.6


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Federal Reserve Bank of St. Louis

15.5
12.5
10.9
13.2
10.3
9.6

10.2

9.1
12.4
9.1
8.5

7.3
11.9
8.1

7.6

14.1
8.5
7.8

Prepared by Federal Reserve Bank of St Louis

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

1993

Averages or Dally Ngures
Seasonally Adjusted

Billions of Dollars

M1
Billions

-Mar 8
15
22
29
Apr 5
12

1032.8­
1032.0
1036.9
1036.4
1041.6
1043.2

TCD (right scale)

(left scale)

1993

TCD
Billions

Mar 8
15
22
29
Apr 5
12

3 17 2 II 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

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

726.9
725.5
729.2 — 630
727.8
732.9
734.3

15 1 15 29 12 26
Feb Mar
1993

Apr

Latest data plotted week ending: April 12, 1993
Current data appear in the Federal Reserve Board's H.6 release.
Ml 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)
Tn th»
Compounded annual rates of change, average of four weeks ending:
io me average 4/13/92 7/13/92 9/14/92 10/12/92 11/9/92 12/14/92 1/11/93 2/15/93
ending:
9/14/92
10/12/92
11 /9/92
12/14/92
1/11/93
2/15/93
3/15/93
4/12/93

11.6
13.2
14.1
13.9
13.3
12.1
11.2
10.9


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Federal Reserve Bank of St. Louis

18.4
18.9
17.4
15.9
13.8
12.4
11.8

21.5
17.9
15.5
12.6
10.9
10.4

15.9
13.4
10.5
8.9
8.7

10.5
7.9
6.5
6.7

5.4
4.3
5.0

Prepared by Federal Reserve Bank of St. Louis

3

UJU

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

no
1993

Billions

Feb 3
Mar 3
17

92.6

Apr 14

95.3

102

18

94

90

88

82

78
22 5 19 2 IE 30 U !! II 25 9 23 6 20 3 17 3 17 31 H !0

5 19 0 II I 15 2! 13 27 10 24
Feb

Mar

Apr

May

Aug

Jun

Sep

Oct

Nov

Dec

Jan

1992

Feb Mar
1993

Apr

Latest data plotted two weeks ending: April 14, 1993
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
I o tne average or
two maintenance
periods ending:
9/16/92
10/14/92
11/11/92
12/9/92
1/20/93
2/17/93
3/17/93
4/14/93

Compounded annual rates of change, average of two maintenance periods ending:
4/15/92
7/8/92 9/16/92 10/14/92 11/11/92 12/9/92 1/20/93 2/17/93

10.2

12.7
16.2
14.2
11.6

17.4
11.0

9.3


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Federal Reserve Bank of St. Louis

19.6
24.2
19.4
14.5
22.3
13.0
10.6

34.6
21.9
13.4
25.0
11.7

19.1
9.7
24.5
9.0

-1.1
19.9
2.8

28.9
3.6

8.6

6.0

0.5

0.6

Prepared by Federal Reserve Bank of St. Louis

•

•

Money Multiplier1/
Ratio

Ratio

seasonally Adjusted
Compounded annual
rates of change,
average of the four
weeks ending
April 12, 1993 from
the four weeks ending:

2.592
2.021

2.641
2.638
2^632 — 2.9

Apr 12

1992
Latest data plotted two weeks ending: April 12, 1993

1993

Currency Component of Ml2/
Billions of Dollars

Billions of Dollars

seasonally Adjusted

Compounded annual
rates of change,
average of the four
weeks ending
April 12, 1993 from
the four weeks ending:
Apr 13. 1992 10.2
Jul 13, 1992 11.0
Oct 12, 1992 9.3
Nov 9, 1992 9.9
Dec 14, 1992 10.1
Jan 11, 1993 9.7
Feb 15, 1993 10.6

3 17 2 16 30 13 27
Feb

Mar

Apr

25 8 22 6 20 3 17 31 14 28 12 26 9 23 7 21
May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

1993

Billions

Mar 8

298.0

Apr

300.6
300.7
300.8

5

15 1 15 29 12 26
Feb

Mar

Apr

Latest data piotted week ending: April 12, 1993
1/ Ratio of M1 to adj'usted 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

Corporate
Aaa Bond*

Loon Rote

7 21 6 20 3 17 t 15 29 12 28 10 24 7 21 4 10
Feb

Mar

Apr

May

Jun

Jul
1992

Aug

Sep

10 30 13 27 11 25 0 22
Oct

Nov

Dec

Jan

19 5 19

Feb Mar
1993

Apr

Latest data plotted are averages of rates available for the week ending: April 23, 1993

1993
Jan 29
Feb 5
12

Mar

19
26
5
12

19
26
Apr 2
9
16
23 *

90-Day
CDs

30—Day
Commercial
Paper

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

3.13
3.14
3.12
3.11
3.10
3.11
3.12
3.11
3.11
3.12
3.11
3.09
3.08

3.14
3.16
3.14
3.16
3.11
3.13
3.15
3.16
3.14
3.19
3.16
3.14
3.11

3.08
3.09
3.06
3.05
3.05
3.06
3.08
3.08
3.07
3.09
3.07
3.04
3.04

7.84
7.78
7.75
7.69
7.61
7.56
7.54
7.61
7.59
7.64
7.61
7.45
7.35

8.55
8.50
8.49
8.37
8.22
8.12
8.11

8.16
8.15
8.23
8.25
8.07
8.05

Municipal
Bonds **
6.10

6.04
5.97
5.85
5.60
5.47
5.58
5.71
5.78
5.86
5.84
5.70
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

Averages of Doily Figures

Funds Rots

7 21 8 20 3 17 1 15 2S 12 26 10 24 7 21 4 18 2 16 30 13 27
Feb

Mar

Apr

May

Jun

Jul
1992

Aug

Sep

Oct

Nov

Dec

Jan

19 5 19

Feb Mar
1993

Apr

Latest data plotted are averages of rates available for the week ending: April 23, 1993

1993
Jan 29
Feb 5

Federal
Funds **
2.94
3.15
2.92
3.06
2.91
3.24
3.02
3.04
2.93
3.18
3.11
2.93
2.91

3—Month
Treasury
Bill

6-Month

Treasury
Bill ***

5—Year
Treasury
Securities

Long-Term
Treasury
Securities

3.09
3.26
5.66
7.00
3.10
3.26
5.55
6.95
3.09
3.32
5.56
6.93
6.86
19
3.08
3.22
5.39
26
6.66
3.06
3.17
5.21
Mar 5
3.05
3.17
5.09
6.55
12
3.09
3.26
5.24
6.56
19
6.66
3.12
3.22
5.23
26
3.05
3.16
5.20
6.63
Apr 2
3.04
3.17
5.25
6.74
9
3.04
3.16
5.21
6.72
16
3.00
3.09
5.08
6.52
23 *
2.96
3.06
5.06
6.48
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
12


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Federal Reserve Bank of St. Louis

2.92
2.92
2.93
2.92
2.95
2.95
2.98
2.97
2.92
2.91
2.91
2.85
2.80

1 —Year
Treasury
Bill

7

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

Billions of Dollars

3550

1993

3500

3450

Billions of Dollars

2725

^ M2 ^

Mar 8
15
_
22
29
Apr 5
12

Billions
3473.4
3469.9
3468.8
34 73.3
34 75.9
34 75.5

—V

2625

"M2 (le ft sea e)

' "N ^

2525
*■* >1 .
•~s.

Not i-M1 It 2 (righ scale]

"* X *■

Nor
1992

3350

2425

42
ns
2440.6
2437.9
2431.9
2436.9
2434.3
2432.3

1:

3400

Mar 8
15
22
29
Apr 5
12

____ I_ _ _ _ _ I_ _ _ _

3300
3 17 2 16 30 13 27 11 25 B 22 S 20
Feb Mar

Apr

May

Jun

3 17 31 14 26 12 26 J 23 7 21

Jul Aug
1992

Sep

Oct

Nov

Dec

4 18 1 15 1 15 29 12 26
Jan

Feb

Mar
1993

2325

2225

Apr

Latest data plotted week ending: April 12, 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:
To the average 4/13/92
7/13/92 9/14/92 10/12/92 11/9/92 12/14/92 1/11/93 2/15/93
ending:
9/14/92
10/12/92
11/9/92
12/14/92
1/11/93
2/15/93
3/15/93
4/12/93

0.7
1.1

2.8

1.5
1.4

3.2

3.7

2.6

2.6

2.4

1.1

1.9

1.5

1.0

0.4

0.8

0.1

0.2

0.6

0.2

0.5

-0.2
-0.1

-0.6
-0.8
-0.6


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Federal Reserve Bank of St. Louis

-0.4
-2.0
-1.9
-1.5

-3.5
-2.9
-2.2

-3.3
-2.3

-0.7

Prepared by Federal Reserve Bank of St. Louis

Savings and Money Market Funds
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Savings
1993

Billions

Mar 8
15
22
29
Apr 5
12

1180.2
1178.4.
1178.4
1179.8
1179.2
1179.9

Money Market (right scale)

Savings Deposits (left scale)

Money Market

1993

Billions

Mar 8
15
22
29
Apr 5
12

334.5
333.5 —
333.5
331.8
330.1
330.9

Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb Mar
.
.
1992
. .
1993
Note: Savings deposits are at all depository institutions. Money market funds are general purpose
and broker/dealer.

Apr

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

Billions of Dollars

Billions of Dollars

Small Time
1993

Billions

Mar 8

852.6
847:8 — 1010

Apr

5

Large Time (left scale)

Large Time

335

1993 Billions
—Mar 8 344.0
15 342.4
22 339.8
29 339.0
Apr 5 341.3
12 341.5

Small Time (right scale)

3 17 2 16 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

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

15 1 15 2! 12 26
Feb

Mar

Apr

Latest data plotted week ending: April 12, 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
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1993

Billions

Mar 17
24
31
Apr 7
14
21

0.162
0.044
0.152
0.038
0.038
0.079

5 19 4 19 1 15 2) 13 27 10 24 8 22 5 19 2 18 30 14 28
Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Billions of Dollars

25 9 23 I 20 3 17 3 17 31 14 28

Nov

Dec

Jan

Feb

Mar

Apr

Adjustment + Seasonal Borrowings
i-rom r-eaerai reserve BanKs
Averages of Daily Figures

Billions of Dollars

1993
-Mar 17
24
31
Apr 7
14
_
21

b

I!
Feb

Billions of Dollars

Billions
0.162
0.044
0.152
0.038
0.038
0.079

* H I IS 20 1J 27 10 24
Mar
Apr
May
Jun

0 22 5 1) 2 16 70 14 20 11 25
Jul
Aug
Sep
Oct
Nov
1992

1 22 6 20
Dec
Jan

3

17 3 17 31 14 20
Feb Mar
Apr
1993

Latest data plotted week ending: April 21, 1993


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

•

•
Commercial Paper of Nonfmandal Companies

Billions of Dollars

1993

Billions of Dollars

Not Seasonally Adjusted
Billions

148.372

Apr

7

5 1! ♦ 18 1 15 28 13 27 10 28 8 22 5 1! 2 1S 30 14 28 11 25 9 23 6 20
Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

17 3 17 31 14 28

Feb

Mar

Apr

Latest data plotted week ending: April 14, 1993

Commercial and Industrial Loans17
^ilUona of DollarsB°"ksV
Billions of Dollars

350

330

310

370

1

Compounded ann
rates of change,
average of the foe r
weeks ending
April 7, 1993 from
the four weeks en ding:
Apr 8, 1992 -5.1
Jul 8, 1992 -3.7
Oc t 7, 1992 -4.9
No v 4, 1992 -6.0
De c 9, 1992 -8.4
Ja n 6, 1993 -6.4
Fe

199. !

2

Billions

3
0
7
4
1
7

276.029—
276.107
275.715
274.034
274.725
271.470

350

330

31D

290

270

250

270
-r-r-rJ

i U

Feb

T*1"1! ■

h-*i •* Lr

rni '-t

4 II I 15 25 13 27
Mar

Apr

May

n i

10 24 I 2! 5 II

Jun

Jul

Aug

'■Ml1 O-TT-T1

~1T'T'

2 li 30 14 20 11 25
Sep

1992

Oct

Nov

5 23 f 20

Dec

Jan

r»’i »

3 17 3 17 31 14 20
Feb

Mar

Apr

1993

Latest data plotted week ending: April 7, 1993
1/ Commercial and industrial loans include banker's acceptances and commercial paper.
2/ Banks with domestic assets greater than $1.4 billion
_
^
.
Prepared by Federal Reserve Bank of St. Louis


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

11

250

Dollar’s Trade-Weighted Exchange Index
1973-100

Averages or Daily Figures

1993 1973-100
Mar 17
Apr 7

5 19 4 18 1 15 29 13 27
Feb Mar

Apr

May

10 24 8 22 5 19 2 18 30 14 21 II 25 9 23 $ 20 3 17 3 17 31 14 28
Jun

Jul
Aug
1992

Sep

Oct

Nov

Dec

Jan

Feb

Mar
1993

Apr

Latest data plotted week ending: April 21, 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

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