Full text of U.S. Financial Data : April 27, 1995

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
FEDERAL
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K of :
fir ST. LOUIS

THE WEEK'S HIGHLIGHTS:
✓ Advance new orders for manufactured durable goods increased
0.6percent in March, compared with a 0.7percent decrease in
February. Excluding defense, new orders rose 0.4 percent last
month. Data for new orders are not adjusted for inflation.

✓

The employment cost index for total compensation of private
industry workers increased at a 2.3 percent annual rate from
December 1994 to March 1995, its smallest rate of increase since
the index began in 1980. Benefits increased at a 0.6percent rate
over the same period, the slowest pace since March 1987.

t/ The Conference Board’s index of consumer confidence rose 5.3 per­
centage points in April to 105.5percent (1985=100), its highest level
since May 1990.

✓ According to the National Association of Realtors,

sales of existing
single-family homes increased 5.8 percent in March, only the second
increase in the last 12 months.

✓ Commercial and industrial loans at all banks rose at a 14 percent
rate from the average of the four weeks ending on February 1 to
the average of the four weeks ending on April 12 (see page 11).

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 ot Daily Figures
Seasonally Adjusted

Billions of Dollars

1995

Billions

Feb 15
Mar 1

461.8
462.4
462.9
463.8
464.4

_Apr 12

2 16
Mar

Billions of Dollars

30 13 27 11 25 8 22 6 20 3 17 31 14 28 12 26 9 23 7 21 4 18 I 15 1 15 29 12 26 II 24
Apr

May

Jun

Jul

Aug
Sep
Oct
Nov Dec Jan
Feb Mar
Apr
May
1994
1995
Latest data plotted reserve maintenance period ending: April 26, 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 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

Compounded annual rates of change, average of two maintenance periods ending:
4/27/94 7/20/94 9/28/94 10/26/94 11/23/94 12/21/94 2/1/95
3/1/95

periods ending:
9/28/94
10/26/94
11/23/94
12/21/94
2/1/95
3/1/95
3/29/95
4/26/95

6.7
6.5
6.3
5.9
6.4
6.4
6.2
6.3


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

6.0
5.7
5.2
6.0
6.2
5.9
6.0

5.3
4.5
5.9
6.2
5.8
5.9

3.9
6.0
6.3
5.8
6.0

6.5
6.7
6.0
6.1

8.3
6.9
6.9

5.5
5.9

5.2

Prepared by Federal Reserve Bank of St. Louis

Money Stock (Ml) and Total Checkable Deposits
Averages of Daily Figures

Billions of Dollars

1190

I

Billions of Dollars

045

I

M1
1995 Billions

1170

Mar 13 1147.1
27
3
10
17

Apr

1150

11 50.0
11 44.7
11 50.0
11 50.4

/
• •» y

025
Ml left sc jle)

•»»

5- w*

805

\
h
N

1130

785

N

TCD (right see le)

S

/

1110

705
TCD
199 5
3
20
27
Apr 3
10
17
]

1090

1070

Bill! 2HS

Mar

..

Mar

.

..

Apr

.

..

May

.. __

Jun

l ■ l

A

Jul

Aug

Sep

Oct

Nov

Dec

Jan

1994

77 5.8
778.6 —
777.0
771.6
776.7
776.1

725

i ' i

Feb

Mar

Apr

May

1995

Latest data plotted week ending: April 17, 1995
Current data appear in the Federal Reserve Board's H.6 release.
Ml's the sum of currency held by the nonbank public, demand deposits, other checkable deposits and travelers
cnecks.
Total checkable deposits is the sum of demand deposits and other checkable deposits at depository institutions.

Money Stock (M1)
Compounded annual rates of change, average of four weeks ending:

To the average 4/18/94 7/18/94 9/19/94 10/17/94 11/14/94 12/19/94 1/16/95
of four weeks
ending:
9/19/94
10/17/94
11/14/94
12/19/94
1/16/95
2/20/95
3/20/95
4/17/95

1.4
0.9
0.3
0.6
0.4
0.3
0.3
0.4


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

0.1
-0.9
-0.1
-0.2
-0.3
-0.2
-0.1

-2.7
-0.7
-0.7
-0.7
-0.6
-0.3

-0.5
-0.6
-0.6
-0.4
-0.2

1.0
0.4
0.4
0.5

2/20/95

-0.8
-0.4
-0.1

Prepared by Federal Reserve Bank of St. Louis

3

745

4
Adjusted Reserves
Seasonally Adjusted

Billions of Dollars

1995
Feb

Billions

1
15
Mar 1
15
29
Apr 12

101.0
103.0
103.6
102.2
100.1
100.3

2 16 30 13 27 11 25 8 22
Mar

Billions of Dollars

Apr

May

Jun

20 3 17 31 14 28 12 26

Jul

Aug

Sep

Oct

23 7 21 4 18 1 IS 1 15 29 12 26 10 24
Nov

Dec

Jan

Feb

1994

Mar

Apr

May

1995

Latest data plotted two weeks ending: April 12. 1995
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 4/13/94 7/6/94 9/14/94 10/12/94 n/9/94 12/7/94 1/18/95 2/15/95
two maintenance
periods ending:
9/14/94
10/12/94
11/9/94
12/7/94
1/18/95
2/15/95
3/15/95
4/12/95

-1.1
-1.2
-3.3
-3.2
-2.4
-2.2
-1.0
-3.6


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

0.4
-3.6
-3.4
-2.1
-1.9
-0.4
-3.8

-9.1
-6.9
-3.9
-3.2
-1.0
-5.3

-9.6
-4.6
-3.6
-0.9
-5.9

0.5
0.4
2.9
-3.9

1.5
4.5
-4.2

5.9
-7.4

-10.9

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1/
Averages of Daily Figures

Ratio

Ratio

3.1

Compounded annual

1

rates of change,
average of the four
weeks ending
April 10, 1995 from
the four weeks ending:
Apr 11, 1994 -5.5
Jul 18, 1994 -5.6
Oct 10, 1994 -5.8
Nov 21, 1994 -5.2
Dec 19, 1994 -6.3
Jan 16, 1995 -6.2

2.!

2.7

3.1

1

1995

Ratio

Jan 30
Feb 13

2.497
2.488

Mar

2.4 79
2.4 81
2.4 71

3
27
Apr 0

2.7

2.5

2.3

2.9

2.5

v

1 i

Mar

' i 1 Mill1

Apr

May

Jun

Jul

22
Aug

s 19 i 17 J1 14 18 12 26
Sep Oct
Nov Dec

9 23 6 2D 6 20 3 17 1 IS 19
Jan
Feb Mar Apr Mav

1994
Latest data plotted two weeks ending: April 10, 1995

2.3

1995

Currency Component of M12/
Averages of Daily Figures

Billions of Dollars

375

365

355

Billions of Dollars

I--------- 1----------1--------Compounded annual
rates of change,
average of the four
weeks ending
April 17, 1995 from
the four weeks ending:
Apr 18, 1994 9.2
Jul 18, 1994 8.9
Oct 17, 1994 9.2
Nov 14, 1994 8.8
De c 19, 1994 9.1
Ja n 16, 1995 1 0.0
Fe b 20, 1995 1 0.2

375

365

355

345

345
133.
Mar

335

Millone
3

27
Apr 3
10
17
T"1 1 ■ i ■

325
Mar

Apr

May

Jun

11 21 6 12 5 19 i 17 31 14 28 12 26
Jul
Aug Sep Oct
Nov Dec
1994

36 .7
3.3
36 4.1
36 4.0
36 1.3
36 5.3
I ■

r~~T~r' 325

! 23 8 28 8 20 3 17 I IS 29
Jan
Feb Mar
Apr May
1995
H
y

Latest data plotted week ending: April 17, 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

Prepared by Federal Reserve Bank of St. Louis

5

335

6
Yields on Selected Securities

Percent

Percent

Averages of Daily Figures

Corporate

.Loon Rote.

4 18 1 15 29 13 27 10 24 B 22 5 19
Mar Apr May Jun
Jul
Aug
1994

16 30 14 28
Sep Oct Nov

Dec

Jan

Feb

17 31 14 28
Mar Apr May
1995

Latest data plotted are averages of rates available for the week ending: April 28, 1995

1995
Feb

3
10
17
24
Mar 3
10
17
24
31
Apr 7
14
21
28 ♦

30—Day
Commercial
Paper

90—Day
CDs

90-Day
Bankers'
Acceptances

6.08
6.03
6.07
6.03
6.05
6.08
6.07
6.05
6.08
6.08
6.08
6.05
6.04

6.22
6.16
6.17
6.11
6.13
6.20
6.14
6.12
6.15
6.15
6.12
6.10
6.08

6.11
6.05
6.05
6.00
6.03
6.08
6.03
6.02
6.05
6.03
6.00
5.99
5.98

Corporate
Aaa Bonds
8.33
8.28
8.26
8.23
8.17
8.22
8.04
8.10
8.08
8.05
8.04
8.02
7.99

Corporate
Baa Bonds

Municipal
Bonds ***

8.92
8.87
8.85
8.82
8.76
8.81
8.62
8.69
8.65
8.62
8.62
8.60
8.56

6.40
6.18
6.18
6.11
6.0B
6.18
6.06
6.09
6.07
6.03
6.01
5.96
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- Year
reaeury Securit e»
V /
V

e.o

/

/

%

S*
✓

\

>.^
U >6

----- A-

Fed eral
Fund i Rate) Vs

f

6.0

►A.

^ -s

/>

5.0

ArJ
rh

3-Mon h
T easury Bill
/■/

'“7

/W

.

//
' /
uj

5.0

V'"

«

✓
A /-*
Dl count 1 late

3.0

2.0

9 II I 15 29 13 27
Mar Apr
May

10 24 I 22 S I! ! 16 30 14 2! It 25
Jun Jul
Aug Sep
Oct Nov

9 23 6 20
Dec Jan

t-1

1994
Latest data plotted are averages of rates available for the week ending: April 28, 1995

1995
Feb

3
10
17
24
Mar 3
10
17
24
31
Apr 7
14
21
28 *

Federal
Funds **
5.63
5.95
5.93
5.94
5.88
5.93
5.94
5.97
6.06
6.20
5.98
6.07
5.99

r

3 17 3 17 31 U 28 12 26
Feb Mar Apr May
1995

3—Month
Treasury
Bill

1 —Year
Treasury
Bill

5-Year
Treasury
Securities

10—Year
Treasury
Securities

Long-Term
Treasury

5.82
5.79
5.75
5.72
5.74
5.76
5.75
5.72
5.69
5.70
5.63
5.61
5.65

6.43
6.37
6.29
6.15
6.07
6.14
6.00
5.97
5.98
5.99
5.90
5.80
5.82

7.54
7.47
7.40
7.23
7.10
7.18
6.95
7.01
7.01
6.96
6.89
6.78
6.7B

7.62
7.56
7.48
7.36
7.27
7.35
7.11
7.16
7.15
7.12
7.08
7.03
7.01

7.78
7.72
7.67
7.61
7.53
7.61
7.40
7.47
7.45
7.41
7.38
7.36
7.32

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

Prepared by 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

3870

^
1995

Billions

3835

Mar 13
20
27
Apr 3
10
17

3626.8
3639.0
3641.8
3 534.6
3 541.8
3 537.9

Billions of Dollars

2545

M2 ^

2520

M 2 (left scale)

3620
A

i
i
.A

3595

/

A

/
s’

\

2470

f'

!''
S

?

2495
"\

/**
>.

> 1
f

>
No n-M1 M2
199
Billi ons
Mar 13 2479.7
20 2488.2
27 2491.8
Apr 3 2489.9
10 2491.8
17 2487.5
______ I______ I_____

Non-U 1 M2 (1 ight sc lie)

3570

3585

2445

2420

7 21 4 18 2 16 30 13 27 11 25 8 22 5 19 3 17 31 14 28 12 26 9 23 6 20 6 20 3 17 1 15 29
Mar Apr May Jun
Jul
Aug Sep Oct Nov Dec Jan
Feb Mar Apr May
1994
1995
Latest data plotted week ending: April 17, 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 Stock (M2)
To th* o\ omn
Compounded annual rates of change, average of four weeks ending:
loine average 4/1B/94 7/18/94 9/19/94 10/17/9411/14/9412/19/94 1/16/95 2/20/95
of four weeks
ending:
9/19/94
10/17/94
11/14/94
12/19/94
1/16/95
2/20/95
3/20/95
4/17/95

0.6
0.5
0.1
0.4
0.7
0.6
0.7
1.0


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

0.1
-0.6
0.2
0.6
0.5
0.6
1.0

-1.3
0.2
0.9
0.7
0.8
1.3

0.3
1.1
0.9
0.9
1.5

2.8
1.9
1.7
2.2

1.4
1.4
2.1

Prepared by Federal Reserve Bank of St. Louis

Savings and Small Time Deposits
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars
--------1--------- 1---------Savings
1995 Billions

mo

1260

Mar 13
20
27
Apr 3

Billions of Dollars
--------- \-------- 1030
Srr all Time
199 5 Billions
995
Mar 3 874.7 —
20 879.0
27 882.4
Apr 3 887.3

1098.1
1095.7
1092.9
1084.4

17 1C 84.8

17

1220

89 6.2

955
915

Sovinc » Depc slt»(lefi scale
e-'

HOD

875

\

N

✓

N

1140

835
_->mall T1 me (ri jht sea e)

1100
1060

'■ i '

<*

795

*|'~r ■ \ ~t~r"i ■'~l ' 1 ■

■ i ■

1 • M1

'■ 1 ' 1 ~r'i t r ■T? ' r

Mar

Apr May Jun
Jul
Aug Sep Oct
.
.
1994
Note: Savings deposits are at all depository institutions.

Nov

Dec

Jan

Feb

755

T ¥' 1 »

Mar
1995

Apr

May

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

Billions of Dollars

Billions of Dollars

Large Time
13H5

_ Mar 13
20
27
Apr 3
10
17

Money Market

Billions

1995

376.4.
378.7
378.5
374.6
377.3
------380.8

Mar 13
20
27
Apr 3
10
17

Billions

391.6 _
390.4
393.4
394.8
396.5
396.1

Large Time

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Latest data plotted week ending: April 17, 1995
1/ Large time deposits are those issued in denominations of $100,000 or more.
Manay market funds are general purpase and broker/dealer
Preportld by Federo|


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

9

Mar

Apr

May

Bpnk pf g, Uuis

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1995

Billions

Mar 22

0.072
0.086
0.082
0.070
0.107
0.153

Apr

5

Billions of Dollars

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 15 1 15 29 12 26 10 24
Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

1994

Apr

May

1995

Borrowings include seasonal, adjustment and extended credit; extended credit was $19 million in the week ending
January 25, 1995, $1 million in the week; ending July 20, 1994 and was zero in the
other weeks shown.
1

Bank Loans and Credit

,

All Commercial Banks in the United States
Seasonally Adjusted

Billions of Dollars

/
Billions of Dollars

2500

3425 --------1-------Bank Cre dit
1995 fill! ons
3375 - Mar 8 33
15
22
29
Apr 5
12
3325 -

y-

33 35.8
33 36.6
33 32.7
34 37.3
34 4.5

Ban Credi . (left

/
/

cale)^ /

/
2400

V

1

a

Apr

✓
3125

Billions

Mar 8 2436.9
15 2442.3
22 2448.3

u ans ar d Leas es (rig it seal 0

*

3175

s&Le 3ses_

1995

✓*

✓

o

4

3225

2350

_i

_______

3275

2450

— 2250

5 2460.2
12 2461.9

I 16 30 13 27 11 25 I 22 6 20 3 17 31 H 21 12 26 ! 23 7 21 * 11 I 15 1 15 29 12 26 10 26
Mar

Apr

May Jun

Jul

Aug

1994

Sep

Oct

Nov

Latest Wednesday data plotted : April 12, 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

Dec

Jan

Feb

Mar

Apr

May

1995

Prepared by Federal Reserve Bank of St. Louis

2200

Commercial Paper of Nonfinancial Companies

Billions of Dollars

1995

Apr

Billions of Dollars

Not Seasonally Adjusted

Billions

5

2 li 30 13 27 II 25 8 22 6 20 3 17 31 14 2! I! 26
Mar
Apr May Jun
Jul
Aug Sep Oct

) 23 7 21 4 II I IS I
Nov Dec Jan
Feb

IS 29 12 29 10 24

1994
Latest data plotted week ending: April 19, 1995

Commercial and Industrial Loans

Billions of Dollars

685

605

1
1
All Banks
1995 Billions
Mar 8 671.5
15 675.1
22 6‘'5.5
29 6‘ '5.3
Apr 5 6“ '7.3
12 6£J2.5

Billions of Dollars

350
/
//

Large Biinks (r ght sc

--

— mt

330

He)2/
/-«

045

310

_
'✓

^■

250

o
o

585

Al Banks (left s

'o '

605

Lar ge Ba nks
U2.5 fiiiiJ one
Mar 8 32 9.4
1.7 __
270
22 33 1.5
29 33 1.3
Apr 5 33 3.6
12 33 6.3

/

r
Mar

-T rH

Apr

May

Jun

Jul
Aug
1994

Sep

Oct

Nov

Latest Wednesday data plotted : April 12. 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

11

Dec

Jan

Feb

' ' J' ' J
l

Mar
1995

l

Apr

n-T'i

May

Prepared by Federal Reserve Bank of St. Louis

250

Dollar’s Trade-Weighted Exchange Index
1973=100

1973=100

Averages of Daily Figures

1995 1973=100
Mar 22

Apr 5

82.4

2 IS 30 13 27 11 25 8 22 6 20 3 17 31 14 28 12 26 9 23 7 21 4 IS 1 15 1 15 29 12 26 10 24
Mar

Apr

May

Jun

Jul

Aug

1994

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

1995

Latest data plotted week ending: April 26, 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

B
O
M

X
a,

k

Bi