Full text of U.S. Financial Data : April 29, 1993

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

u
-MFed
an

6i$™icial Data

n ii
KKIIIKVI
A Kl SI KU
XltVNKol
OF SI .mi IS

THE WEEK'S HIGHLIGHTS:
%/ Real gross domestic product (GDP) rose at an annual rate of
1.8 percent during the first quarter of 1993. This increase follows
a 4.7 percent rate of growth during the preceding quarter.
%/ The implicit price deflator for GDP rose at a 3.3 percent annual
rate in the first quarter, compared with a 2.3 percent rate increase
in the fourth quarter of last year.
New orders for manufactured durable goods fell 3.7 percent in
March to $130 billion according to the advance estimate. The
March decrease follows a revised 2.2 percent increase in February
and a 2.3 percent decrease in January. Orders for the first three
months of 1993 were up 11.6 percent from the same period in
1992.
%/ The employment cost index for private industry—a measure of the
cost of labor including wages and salaries and employer costs for
employee benefits—rose at a 4.2 percent annual rate from
December 1992 to March 1993. The March index was up 3.5 per­
cent from a year earlier, reflecting a 2.7percent rise in wages and
salaries and a 5.6percent increase in benefit costs.

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) $21
Two years (100 issues) $36
To subscribe, please send your check or money order made payable to the Federal Reserve Bank
of St. Louis to: Research and Public Information, Federal Reserve Bank of St. Louis, Post Office
Box 66953, St. Louis, MO 63166-6953. DO NOT SEND CASH. Checks from foreign subscribers
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.

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

2
Adjusted Monetary Base
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

1993

Billions

Feb 17
- Mar 3
17
31
Apr 14
28

4 11
Mar

Billions of Dollars

397.6
395.0
390.!
393.1
395.9
398.5

I 15 29 13 27
Apr

Moy

10 24 8 22 5 19 2 It 30 14 28 11 25

9 23 8 20 3 17 3 17 31 14 28 12 28

Jun

Dec

Jul

Aug

Sep

Oct

Nov

Jan

1992

Feb

Mar

Apr

May

1993

Latest data plotted reserve maintenance period ending: April 28, 1993
The adjusted monetary base is the sum of reserve accounts of financial institutigns 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 chdnges. 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
_ ,
. Compounded annual rates of change, average of two maintenance periods ending:
10 the average of 4/29/92 7/22/92 9/30/92 10/28/92 11/25/92 12/23/92 2/3/93
3/3/93
two maintenance
periods ending:
9/30/92
10/28/92
11/25/92
12/23/92
2/3/93
3/3/93
3/31/93
4/28/93

11.1
11.6
11.7
10.5
10.6
11.8
9.5
10.2


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

15.9
15.1
12.6
12.3
13.8
10.4
11.2

13.5
9.5
10.0
12.6
8.2
9.5

7.2
8.8
12.2
7.1
8.8

7.2
12.1
5.9
8.1

16.4
7.0
9.5

Prepared by Federal Reserve Bank of St Louis

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

Billions of Dollars

1993

Billions of Dollars

M1
Billions

Mar 15
22
29
Apr 5
12
19

1032.0
1036.9­
1036.3
1041.7
1043.6
1038.7

TCD (right scale)

TCD
(left scale)

1993

Billions

Mar 15
22
29
Apr 5
12
19

725.5
729.2
727.7
732.9
734.6
729.7

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 Apr May
1992
1993
Latest data plotted week ending: April 19. 1993
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)
Compounded annual rates of change, average of four weeks ending:
To the average
4/20/92 7/20/92 9/21/92 10/19/92 11/16/92 12/21/92 1/18/93 2/22/93
ending:
9/21/92
10/19/92
11/16/92
12/21/92
1/18/93
2/22/93
3/22/93
4/19/93

12.2
13.5
14.6
13.9
13.3
11.9
11.1
10.8


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

18.3
19.1
17.0
15.6
13.2
11.9
11.4

21.4
16.8
14.8
11.6
10.1
9.8

15.1
13.0
9.7
8.3
8.2

9.2
6.4
5.5
5.8

4.6
3.9
4.7

1.9
3.6

4.8

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Seasonally Adjusted

Billions of Dollars

1993
— Feb

3

Mar 3

Billions of Dollars

Billions
101.5

Apr 14

4 18 I 15 2) 13 27 10 24 8 22 5 19 2 It 30 14 28
Mar Apr
May Jun Jul
Aug Sep
Oct
1992

11 25 9 23 6 20 3 17 3 17 31 14 28 12 26
Nov Dec Jan
Feb Mar Apr May
1993

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
_ ,,

, Compounded annual rates of change, average of two maintenance periods ending:

I o the average of
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

4/15/g2

10.2
12.7
16.2
14.2
11.6
17.4
11.0
9.2


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

7/8/92

19.6
24.2
19.4
14.5
22.3
13.0
10.4

9/16/92 10/14/92 11/11/92 12/9/92

34.6
21.9
13.4
25.0
11.7
8.4

19.1
9.7
24.5
9.0
5.8

-1.1
19.9
2.8
0.3

28.9
3.6
0.3

1/20/93

7.9
1.4

2/17/93

-26.7

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1^
Averages of Daily Figures
Compounded annual
rates of change,
average of the four
weeks ending
April 12, 1993 from
the four weeks ending
Apr 13 1992
Jul 20, 1992
Oct 12 1992
Nov 23 1992
Dec 21, 1992
Jan 18, 1993
Feb 15 1993

T ~r~|fc'1' 1 1 1

■ 1 '

1993
Feb

I 1 I

I -l I 1 'I

i I

' I ' I*' I ' I

I ' I

I ' I »*T 1 I 1

2 1f ill I! 27 II 25 I 2!
Mar Apr
May
Jun

i 21 i 1? J1 II I! 12 H ) 2i 2 21 I II
Jul Aug
Sep Oct Nov DecJan
1992
Latest data plotted two weeks ending: April 12, 1993

■ I ■

Ratio

1
15

2.644
2.592

■ I I l‘i | i | ‘i | i |

I 15 1 15 29 1! 29 10 21
Feb Mar Apr May
1993

Currency Component of M12/
Billions of Dollars

310 --------- 1--------- 1---------- —

300

290

Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

310

Compounded annu al
rates of change,
average of the fou
weeks ending
April 19, 1993 frorr
the four weeks end inq:
Apr 20. 1992 1C .2
Jul 20. 1992 1C .8
Oct 19, 1992
.5
Nov 16, 1992
.9
Dec 21. 1992 1C .0
Jan 18, 1993
.6

290

199 3

280
Apr

270

22
29
5
12
19

Bill! ons
8.5 — 280
29 9.6
30 0.6
30 0.7
30 0.9
30 1.0

___ 1___
2 16 30 13 27 11 25 I 22
Mar
Apr May Jun

t 20 3 17 31 11 28 12 2$ 9 23 7 21 I 18 1 15 I 15 29 12 26 10 21
Jul Aug Sep
Oct Nov Dec Jon
Feb Mar
Apr May
1992
1993

Latest data plotted week ending: April 19, 1993
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

270

6

Yields on Selected Securities

Percent

Percent

Averages of Daily Figures

Aaa Bonds

^Municipal Bonds'

Loan Rats

6 20 3 17 1 15 29 12 2S 10 24 7 21
Mar Apr May
Jun
Jul Aug
1992

4 18 2 1$ 30 13 27 11 25 8 22
Sep Oct
Nov Dec Jan

5 19 5 19 2 16 30 14 28
Feb Mar Apr
May
1993

Latest data plotted are averages of rates available for the week ending: April 30, 1993

1993
Feb

5
12
19
26
Mar 5
12
19
26
Apr 2
9
16
23
30 *

90-Day
CDs

30-Day
Commercial
Paper

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

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

3.16
3.14
3.16
3.11
3.13
3.15
3.16
3.14
3.19
3.16
3.14
3.10
3.10

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

7.78
7.75
7.69
7.61
7.56
7.54
7.61
7.59
7.64
7.61
7.45
7.34
7.38

8.50
8.49
8.37
8.22
8.12
8.11
8.16
8.15
8.23
8.25
8.07
8.05
8.14

Municipal
Bonds **
6.04
5.97
5.85
5.60
5.47
5.58
5.71
5.78
5.86
5.84
5.70
5.67
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

Averages of Daily Figures

6 20 3 17
Mar Apr

15 2) 12 26 10 24 7 21 4 18 2 16 30 13 27 11 25 8 22 5 19
May Jun
Jul
Aug Sep Oct Nov Dec Jan
Feb
1992

Mar
1993

Apr

May

Latest data plotted are averages of rates available for the week ending: April 30, 1993

1993
Feb

5
12
19
26
Mar 5
12
19
26
Apr 2
9
16
23
30 *

Federal
Funds **
3.15
2.92
3.06
2.91
3.24
3.02
3.04
2.93
3.18
3.11
2.93
2.91
2.87

3—Month
Treasury
Bill

6-Month
Treasury
Bill ***

1 -Year
Treasury
Bill

2.92
2.93
2.92
2.95
2.95
2.98
2.97
2.92
2.91
2.91
2.85
2.81
2.91

3.10
3.09
3.08
3.06
3.05
3.09
3.12
3.05
3.04
3.04
3.00
2.96
2.95

3.26
3.32
3.22
3.17
3.17
3.26
3.22
3.16
3.17
3.16
3.09
3.05
3.11

5-Year
Treasury
Securities

Long-Term
Treasury
Securities

5.55
6.95
5.56
6.93
5.39
6.86
5.21
6.66
5.09
6.55
5.24
6.56
5.23
6.66
5.20
6.63
5.25
6.74
5.21
6.72
5.08
6.52
5.06
6.49
5.15
6.61
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

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

Billions of Dollars

3550

I

Billions of Dollars

2725

I

M2
1993 Billions

3500

Mar 15
22
29
Apr 5
12
19

3471.6
3471.5
3475.0...
34 76.8
34 77.7
34 68.3

3450
*“ x

2625

M2 ( eft sc< le)

2525

.
““ X «,

xt
X

** x *

No I-M1 It 2 (righ t scale

3400

No n-M1 M2
199 3 Bin one
Mar 15 2439.6
22 2434.6
29 2438.7
Apr 5 2435.1
12 2434.1
19 2429.6

3350

3300

2425

I___ I
2 16
Mar

30 13 27 11 25 I 22 6 20 3 17 31 14 20 12 26 9 23 7 21 4 18
Apr

May

Jun

Jul

Aug
1992

Sep

Oct

Nov

Dec

Jan

1 15 1 15 2S 12 26 10 24
Feb

Mar
Apr
1993

2325

2225

May

Latest data plotted week ending: April 19, 1993
Current data appear in the Federal Reserve Board's H.6 release.
M2 is the sum of M1, overnight RP3 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 4/20/92 7/20/92 9/21/92 10/19/92 11/16/92 12/21/92
1/18/93 2/22/93
ending:
9/21/92
10/19/92
11/16/92
12/21/92
1/18/93
2/22/93
3/22/93
4/19/93

0.9
1.2
1.6
1.4
1.0
0.3
0.3
0.3


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

3.1
3.3
2.7
1.8
0.7
0.6
0.5

3.7
2.4
1.2
-0.2
-0.3
-0.2

2.0
0.5
-1.0
-0.9
-0.7

-1.1
-2.3
-2.0
-1.6

-3.8
-2.9
-2.1

-2.9
-1.9

-0.2

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 15
22
29
Apr 5
12
19

1178.4
1178.4
1179.8
1179.2
1180.1
1179.1

Money Market (right scale)
Money Market

1993

Savings Deposits (left scale)

2 16 30 13 27 11 25 8 22 6
Mar

Apr

May

.

Jun

.

Billions

Mar 15
22
29
Apr 5
12
19

333.5
333.5 —
331.6
330.1
330.9
330.9

3 17 31 14 28 12 26 9 23 7 21 4 18 1 15 1 15 29 12 26 10 24
Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

1992

Mar

Apr

May

1993

Note: Savings deposits are at all depository institutions. Money market funds are general purpose
and broker/dealer.

Large and Small Time Deposits1/
All Depository Institutions
Averages of Daily Figures. Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Small Time
1993

Billions

Mar 15
22
29
Apr 5
12
19

851.4
849.9
847.8
845.8
845.1
842.9

Largs Tims (left scale)

-

Large Time
1993 Billions
— Mar 15 342.0
22 339.3
29 338.5
Apr 5 340.9
12 341.1
19 347.0

Mar

Apr

May

Small Tims (right scale)

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

1 OftO

Feb

Mar

Apr

May

.1993
-»

Latest data plotted week ending: April 19, 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

945

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1993

Billions of Dollars

Billions

n c _Mar 24 0.044
U,J
31 0.152
Apr 7 0.038
14 0.038
21 0.079
n i_
28 0.118

4 18 1 15 29 13 27 10 24 8 22 5 19 2 16 30 14 28
25 9 23 6 20 3 17 3 17 31 14 28 12 26
Mar Apr May
Aug Sep Oct Nov Dec Jan
Feb Mar Apr May
1992
1993

Adjustment + Seasonal Borrowings
f-rom t-ederal Keserve Banks
Averages of Daily Figures

Billions of Dollars

1993
OS - Mar 31
24
U,J
Apr 7
14
21
(I r _
28

Billions of Dollars

Billions
0.044
0.152
0.038
0.038
0.079
0.117

4 18 1 15 29 13 27 10 24 8 22 5 19 2 16 30 14 28 11 25 9 23 6 20 3 17 3 17 31 14 28 12 26
Mar

Apr

May

Jun

Jul

Aug

Sep

1992

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

1993

Latest data plotted week ending: April 28, 1993


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

Prepared by Federal Reserve Bank of St. Louis

Billions of Dollars

1993

Apr

7

Commercial Paper of Nonfinandal Companies
Billions of Dollars

Not Seasonally Adjusted

Billions

142.620

4 18 1 15 2) 13 27 16 24 8 22 5 1! 2 16 30
Mar Apr May Jun
Jul
Aug Sep Oct

25 § 23 6 20 3 17 3 17 31 14 28 12 26
Nov Dec Jan
Mar
Apr
May

Latest data plotted week ending: April 21, 1993

Commercial and Industrial Loans'/
Billions of Dollars

325
315
305
295

Weekly Reporting Large Commercial Banks2/
Seasonally Adjusted

-------- 1--------- 1---------Compounded annu al
rates of change,
average of the fou
weeks ending
April 14, 1993 fron
the four weeks end ing:
Apr 15, 1992 -f .3
Jul 15, 1992 -46.2
Oct 14. 992
.8
Nov 11. 992
.1
Dec 16, 992 -S .4
Jan 13, 993 -i .5
993-1

Billions of Dollars
--------- 1------- 325
1993
0
17
24
3
"Pr 1 7
4

Billions
276.107—
275.715
274.034
274.725
271.548
270.402

315
305
295

285

285

275

275

255

r~i"T «•

< 18 1 15 29 13 27 10 24
Mar Apr
May Jun

t 2! 5 11 2 It 30 14 28 11 25
Jul
Aug Sep
Oct
Nov
1992

1 23 6 20 3 17 3 17 31 14 28 12 It
Dec Jan
Feb Mar Apr May
1993
*

Latest data plotted week ending: April 14, 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

255

Dollar's Trade-Weighted Exchange Index
1973-100

1973-100

Averages of Dally figures

1993 1973=100
Mar 24
Apr

7

4 II I 15 29 13 27 10 24 1 22 5 19 2 II 30 14 21 11 25 9 23 6 20 3 17 3 17 31 14 28 12 26
Mar

Apr

May

Jun

Jut

Aug

Sep

Oct

1992

Nov

Dec

Jan

Feb

Mar

Apr

May

1993

Latest data plotted week ending: April 28, 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

w
>
w
l-l
§>
w

K K

in
CM