Full text of U.S. Financial Data : August 12, 1993

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

1

Wsib m

ttSrRfflncial Data
THE WEEfcSTfiGHLIGHTS:
Producer prices offinished goods declined at a 1.9 percent
annual rate in July and were down at a 1.9 percent rate from
April. From December 1992 to April, producer prices rose at
a rapid 4.7percent rate.
Retail sales advanced at a 1.7 percent annual rate in July, after
a 2.2 percent rate of increase in June. Since January, sales have
increased at a 3.7percent rate. Retail sales data are not adjusted
for inflation.
t/ Nonfarm payroll employment grew at a 1.8 percent annual rate
in July, after increasing at a 0.5 percent rate in June. Payroll
employment has expanded at a 1.9 percent rate since January,
compared with a 1.2 percent rate of increase during the previous
six months.
*/ Productivity in the business sector (output per hour) declined
at a 1.7percent annual rate in the second quarter, the same
as the decline in the first quarter. Business output has risen
at a 1 percent rate thus far in 1993, while hours of all persons
have increased at a 2.9 percent rate.

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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2
Adjusted Monetary Base
Averages ot Daily Hgures

Billions of Dollars

1993

Billions

May 26
410 -Jun 9
23

403.7
404.4
404.3

Jul

7

406.2

Aug

21
4

410.9
409.1

3 17
Jun

1

Billions of Dollars

Seasonally Adjusted

15 29 12 26 9 23 7 21
Jul

Aug

Sep

4

Oct

18 2 16 30 13 27 10 24 10 24 7 21
Nov

Dec

Jan

Feb

Mar

5 19 2 16 30 14 28 11 25

Apr

May

Jun

Jul

Aug

1993

1992

Latest data plotted reserve maintenance period ending: August 4. 1993
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:
1/6/93
2/3/93
3/3/93
3/31/93
4/28/93
6/9/93
7/7/93
8/4/93

Compounded annual rates of change, average of two maintenance periods ending:
8/5/92

11.9
11.6
13.4
9.8
10.7
11.4
10.8
11.2


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Federal Reserve Bank of St. Louis

10/28/92

8.8
12.3
7.1
8.7
10.1
9.4
10.1

1/6/93

17.7
6.2
9.1
11.0
9.9
10.7

2/3/93

4.2
8.7
11.2
9.9
10.8

3/3/93

1.2
7.4
6.6
8.3

3/31/93

4/28/93

6/9/93

17.1
13.2
13.8

Prepared by Federal Reserve Bank of St. Louis

Money Stock (Ml) and Total Checkable Deposits
Averages ot Daily Hgures
Seasonally Adjusted

Billions of Dollars

1993

Billions of Dollars

Billions

1090 - Jun 28 1076.1
Jul 5 1077.8
12 1084.8
19 1084.5
26 1086.3
Aug 2 1091.8

1065

-

(right scale).

M1 (left scale)

1993

Billions

Jun 28
Jul 5

759.1
761.7

Aug

1

19

767.7

2

773.1

15 29 13 27 10 24 7 21 5 19 2 16 30 14 28 11 25 8 22 8 22 5 19 3 17 31 14 28 12 26 9 23
Jun
Jul
Aug
Sep Oct
Nov Dec
Jah
Feb Mar Apr May Jun
Jul
Aug
1992
1993

Latest data plotted week ending: August 2, 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)
To the average
of four weeks
ending:
1/4/93
2/1/93
3/1/93
4/5/93
5/3/93
5/31/93
7/5/93
8/2/93

Compounded annual rates of change, average of four weeks ending:
8/3/92
11/2/92
1/4/93
2/1/93
3/1/93
4/5/93
5/3/93
5/31/93

16.0
14.7
12.6
11.3
11.2
13.0
12.4
12.6


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Federal Reserve Bank of St. Louis

10.6
7.9
7.0
7.5
10.6
10.0
10.6

3.7
3.8
5.2
10.0
9.4
10.2

2.1
4.4
10.6
9.7
10.6

6.5
14.1
12.0
12.7

21.0
15.3
15.4

17.8
17.2

10.7

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

IDE
1993

Billions

May 26

99.;

23
Jul 7

97.3

21

102.1

4

98.5

Aug

I0I

91

94

90

IS

12

3

17 1 15 2! 12 26 9 23 7 21
Jun
Jul
Aug
Sep
Oct
1992

4

18 2 16 30 13 27 10 24 10 24 7 21 5 19 2 16 30 14 28 11 26
Nov Dec
Jan
Feb Mar
Apr May
Jun
Jul
Aug
1993

Latest data plotted two weeks ending: August 4, 1 993
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:
10 the average of
8/5//92 10/28/92 1/6/93
2/3/93
3/3/93
3/31/93 4/28/93
6/9/93
two maintenance
periods ending:
1/6/93
2/3/93
3/3/93
3/31/93
4/28/93
6/9/93
7/7/93
6/4/93

13.8
14.0
21.8
7.2
11.3
14.5
10.8
13.1


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Federal Reserve Bank of St. Louis

7.0
21.2
-0.5
6.3
11.6
7.1
10.3

46.8
-4.1
7.8
15.3
8.3
12.5

-12.3
5.6
15.4
7.1
12.2

-20.8
0.4
-5.4
2.2

43.7
20.1
25.2

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1/
Averages ot Daily Figures
Seasonally Adjusted

Ratio
Compounded annual
rates of change,
average of the four
weeks ending
August 2, 1993 from
the four weeks ending:

May 24
2.653
Aug

Jun

Jul

Aug

Sep
1992

Oct

Nov

Dec

2

.
1993

Latest data plotted two weeks ending: August 2, 1993

Currency Component of M12/
Billions of Dollars

Billions of Dollars

Seasonally Adjusted

Compounded annual
rates of change,
average of the four
weeks ending
August 2, 1993 from
the four weeks ending:
Aug 3, 1992 10.6
Nov 2, 1992 10.1
Feb 1. 1993 10.4
Mar 1, 1993 10.4
Apr 5. 1993 10.3
May 3, 1993 11.2
May 31, 1993 11.3

1993

Billions

Jun 28
Jul 5

309.0
308.2
308.6
309.0
310.3

Aug

1

15 29 13 27 10 24 7 21 5 19 2 16 30 14 28 11 25 8 22
Jun
Jul
Aug
Sep Oct
Nov Dec
Jan
Feb
1992

2

22 5 19 3 17 31 14 28 12 26 9 23
Mar
Apr May Jun
Jul
Auq
1993

Latest data plotted week ending: August 2, 1993
1/ Ratio of M1 to adjusted monetary base
2/ Current data appear in the Federal Reserve Board's H.6 release.


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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

Corporal i
-Aoa Bonds-

17 31 14 28 11 25 9 23
Jun

Jul

Aug

Sep
1992

Oct

20 4 II
Nov

Dec

1

15 29 12 26 12 26 9 23 7 21
Jan

Feb

Mar

Apr
May
1993

IS 30 13 27
Jun

Jul

Aug

Latest data plotted are averages of rates available for the week ending: August 13, 1993

1993

90-Day
CDs

30-Day
Commercial
Paper

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds ***

May 21
28
Jun
4
11
18
25
Jul
2
9
16
23
30
Aug
6
13 +

3.12
3.16
3.21
3.25
3.17
3.21
3.18
3.16
3.14
3.16
3.17
3.17
3.16

3.11
3.15
3.18
3.20
3.18
3.20
3.20
3.16
3.13
3.14
3.15
3.16
3.15

3.07
3.12
3.16
3.21
3.13
3.16
3.13
3.12
3.10
3.14
3.13
3.12
3.10

7.48
7.46
7.39
7.38
7.32
7.29
7.24
7.22
7.16
7.17
7.14
7.04
6.96

8.28
8.27
8.16
8.13
8.06
8.01
7.96
7.96
7.90
7.93
7.95
7.82
7.73

5.77
5.73
5.67
5.68
5.61
5.57
5.55
5.55
5.50
5.61
5.65
5.61
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
NX — Not Available


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

Selected Interest Rates

Percent

Percent

Averages of Daily Figures

7.0

✓
✓
/
/

'V' V

s

\
>

/

r

/

\

's

\4

/

V

>

/

k

\ s,

%

>

__ * ____________

r
X

T-------------------------

5—Ye< r
Tree wry Sec urfties

s

______ L_________

7.1

5.1

V

\ Fed rral
\ Fund Rate

"s/ xVV

3.0

\

ts'j t
V-N

\

V/

litcoun Rate

^ \

'Vi %

3.0

/

3 -Month
Treusury B n

u

2.0

5 IS
Jun

3 17 31 14 21 11 25
Jul
Aug
Sep
1992

) 23 6 20 4 18 1 15 29 12 2S 12 28 9 23 7 21
Oct
Nov Dec
Jan
Feb Mar Apr May
1993

4 18 2 It 30 13 27
Jun
Jul
Aug

Latest data plotted are averages of rates available for the week ending: August 13, 1993

1993
May 21
28
Jun
4
11
18
25
Jul
2
9
16
23
30
Aug
6
13 *

Federal
Funds **
3.01
3.07
3.09
2.96
3.01
3.00
3.13
3.10
3.01
3.09
3.03
3.10
2.98

3—Month
Treasury
Bill

6—Month
Treasury
Bill ♦**

1 —Year
Treasury
Bill

5—Year
Treasury
Securities

Long-Term
Treasury
Securities

2.99
3.06
3.06
3.10
3.05
3.09
3.01
3.02
3.02
3.07
3.06
3.06
3.02

3.10
3.19
3.22
3.30
3.19
3.19
3.14
3.10
3.14
3.15
3.24
3.25
3.18

3.26
3.39
3.44
3.46
3.33
3.37
3.29
3.28
3.27
3.37
3.43
3.40
3.35

5.28
5.36
5.29
5.32
5.19
5.18
5.04
5.03
5.00
5.15
5.21
5.19
5.13

6.72
6.71
6.62
6.60
6.51
6.44
6.34
6.34
6.25
6.30
6.34
6.27
6.21

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


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Federal Reserve Bank of St. Louis

7

2.0

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

Billions of Dollars

Billions of Dollars

Seasonally Adjusted

M2
1993

Billions

Jun 28 3503.0
Jul 5 3502.2
12 3515.6.
19 3516.5
26 3517.0
Aug 2 3520.8

(left scale)

Non-M1 M2 (right scale)

Non-M1 M2
1993

Billions

Jun 28 24-26.9
Jul 5 2424.4
12 2430.8
19 2432.0
26 2430.7
Aug 2 2429.0

1

15 29 13 27 10 24 7 21 5 19 2 1i 30 14 28 11 25 8 22 8 22 5 19 3 17 31 14 28 12 26 9 23
Jun

Jul

Aug

Sep
1992

Oct

Nov

Dec

Jan

Feb

Mar

Apr
May
1993

Jun

Jul

Aug

Latest data plotted week ending: August 2, 1993
Current data appear in the Federal Reserve Board's H.6 release.
M2 is the sum of M1, ovemiaht 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)
T ..
lOine average
of four weeks
ending:
1/4/93
2/1/93
3/1/93
4/5/93
5/3/93
5/31/93
7/5/93
8/2/93

Compounded annual rates of change, average of four weeks ending:
8/3/92
11/2/92
1/4/93
2/1/93
3/1/93
4/5/93
5/3/93
5/31/93

2.1
1.2
0.5
0.3
0.4
1.4
1.4
1.5


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Federal Reserve Bank of St. Louis

-0.8
-1.5
-1.3
-1.0
0.7
0.7
0.9

-3.7
-2.5
-1.7
0.8
0.8
1.1

-2.1
-1.2
1.8
1.6
1.8

0.0
3.6
2.8
2.9

6.4
4.2
4.0

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

Jun 28 1198.2
_ Jul 5 1198.7 .
12 1201.8

19 1200.1
26 1198.4
Aug 2 1199.5

(right scale)
Jun 28
Jul 5
12
19
26
Aug 2

Savings Deposits (left scale)

l

15 29
Jun

13 27 10 24 7 21 5 19 2 16 30 1* 28 11 25 8 22
Jul Aug Sep Oct
Nov
Dec
Jan
Feb
1992

333.6
333.0 —
336.3
336.0
336.3
336.8

8 22 5 19 3 17 31 14 28 12 26
Mar Apr May Jun
Jul
1993

9 23
Auq

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
Jun 28
Jul 5

Aug

2

823.9
822.0
818.8
817.3

Large Time (left

Large Time
1993
— Jun 28
Jul 5
12
19
26
Aug 2

I

Billions
340.6
340.2
338.6
336.4
334.2
335.2

Small Time (right scale)

15 29 13 27 10 24 7 21 5 19 2 16 30 14 28 11 25 8 22 8 22 5 19 3 17 31 14 28 12 26 9 23
Jun
Jul
Aug
Sep Oct
Nov Dec Jan
Feb Mar Apr May Jun
Jul
Aug
1992
1993

Latest data plotted week ending: August 2, 1993
1/ Large time deposits are those issued in denominations of $100,000 or more.


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

9

10
Total Borrowings

Billions of Dollars

From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1993

Billions

Jul

7
.
14
21
28
Aug 4
11

3 17 1 15 21 12 21 9 23 7 21 4 II 2 18 30 13 27
Jun
Jul
Aug Sep Oct
Nov Dec
Jan
1992

0.234
0.208
0.232
0.235
0.229
0.593

10 24 10 24 7 21 5 19 2 18 30 14 20 11 25
Feb Mar Apr
May
Jun
Jul
Aug
1993

Adjustment + Seasonal Borrowings
Billions of Dollars

From Federal Reserve banks

Billions of Dollars

Averages of Daily Figures

1993

Jul

7
.
14
21
28
Aug 4
11

Bi||iong

0.234
0.208
0.232
0.235
0.229
0.593

3 17 1 15 29 12 28 9 23 7 21 4 18 2 16 30 13 27 10 24 10 24 7 21 5 19 2 16 30 14 28 11 25
Jun
Jul
Aug Sep Oct
Nov Dec
Jan
Feb Mar Apr
May
Jun
Jul
Aug
1992
1993
Latest data plotted week ending: August 11, 1993


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

Billions of Dollars

1993

_ Aug

J

I7

Commercial Paper of Nonfinancial Companies

Billions of Dollars

Not Seasonally Adjusted

Billions

4

t

IS 21 12 2t * 23 7 21 4 II 2 IS JO IS 2) 10 20 10 21 7 21 5 I) I IS JO IS 20 II !S
Jul
Aug
Sep
Oct
Nov Dec
Jan
Feb Mar
Apr
May
Jun
Jul
Aug

Latest data plotted week ending: August 4, 1993

Commercial
and Industrial Loans’7
Weekly Reporting Large Commercial Banks2/

Billions of Dollars

325

Billions of Dollars

Seasonally Adjusted

--------- 1-----------1----------Compounded annu □i
rates of change,
average of the four
weeks ending
July 28, 1993 from
the four weeks enc ng:
Jul 29, 1992 -2 .5
Oct 28, 1992 -2 .7
Jan 27, 1993 -2 .9
Mar 3, 1993 -2 .6
Mar 31. 1993 -2 . 1
Apr 28, 1993 3 .0

r~

315
305
295

----- !---1993

Jul
_

325

Billions

3 274.678__
3 3 275.802
275.007
1 4 272.906
2 273.568
2 8 271.664

315
305
295
285

275
265

275

J

17
Jun

I IS 29 I! !S 8 23 7 21
Jul
Aug Sep
Oct
1992

9 If 2 10 JO IJ 27 10 29 10 29
Nov
Dec Jan
Feb Mar

7 21
5 19 2 IS JO 19 2! II 25
Apr
May
Jun Jul
Auq
1993

Latest data plotted week ending: July 28, 1993
1/ Commercial and industrial loans include banker's acceptances and commercial paper.

2/Banks withdomestic assets greater than$1.4 billion


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Federal Reserve Bank of St. Louis

J
, _
_
,„
Prepared by Federal Reserve Bank of St. Louis

11

265

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

1973=100

1993 1973=100
Jul

7

Aug

4

3 17 1 15 2) 12 21 9 23 7 21 4 It 2 If 30 13 27 10 24 10 24 7 21 5 19 2 If 30 H 20 11 25
Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

1992

Mar

Apr

May

Jun

Jul

Aug

1993

Latest data plotted week ending: August 11. 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


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Federal Reserve Bank of St. Louis