Full text of U.S. Financial Data : August 13, 1992

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

AUG 17 199?
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SI. MU IS

THE WEEK'S HIGHLIGHTS:
The civilian unemployment rate for July was 7.7 percent. This rate
was down 0.1 percentage points from June, after increasing
sharply in the previous two months. The civilian labor force
declined slightly in July after seven consecutive monthly increases.
The consumer price index (CPI) for all urban consumers increased
at a 1.7 percent annual rate during July. The producer price index
(PPI) for finished goods increased at a 1 percent annual rate.
Compared to a year ago, the CPI & PPI have risen 3.2 percent
and 1.8 percent, respectively.
*/ Current-dollar retail sales rose at a 6.5 percent annual rate during
July after falling at a 3.4 percent rate in June. Compared with last
July, sales were up 3 percent.
*/ Consumer installment credit outstanding declined at a 1.7 percent
annual rate during June and has now fallen for five consecutive
months. Consumer credit declined at an annual rate of 2.2 percent
during the first six months of this year.

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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Federal Reserve Bank of St. Louis

2
Adjusted Monetary Base
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

1992

Billions of Dollars

Billions

May 27
Jun 10

Aug 5

363.1
364.2
362.7
366.6
368.6

5 19 3 17 31 14 28 11 25 9 23 6 20 4 18 1 15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26
JuJ

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

1991

Apr

May

Jun

Jul

Aug

1992

Latest data plotted reserve maintenance period ending: August 5, 1992
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 apd 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
Compounded annual rates of change, average of two maintenance periods ending:
To the average of 8/7/91 10/30/91 1/8/92
2/5/92
3/4/92
4/1/92
4/29/92 6/10/92
two maintenance
periods ending:
1/8/92
2/5/92
3/4/92
4/1/92
4/29/92
6/10/92
7/8/92
8/5/92

7.9
8.1

7.3

10.1

10.8

9.2
9.4
8.9
8.1
8.7

9.3
9.5
8.9
7.7
8.5


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Federal Reserve Bank of St. Louis

16.5
11.7
11.4
9.9
8.2
9.2

12.8
12.1
10.1
8.0
9.2

6.5
6.4
4.8
6.7

7.9
5.4
7.6

3.4
6.7

7.2

Prepared by Federal Reserve Bank of St. Louis

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

Billions of Dollars

1992

Billions of Dollars

Billions

— Jun 29

Aug 3

959.6
956.3
961.0
962.3
966.8

TCD (right scale)

M1 (left seal

TCD
1992

Billions

Jun 29
Jul 6
13
20
27
Aug 3

665.0
674.4
670.6 —
674.1
674.5
678.2

3 17 1 15 29 12 26 9 23 7 21 ♦ 18 2 16 30 13 27 10 24 9 23 S 20 4 18 1 15 29 13 27 10 24
Jun

Jui

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

1991

Apr

May

Jun

Jul

Aug

1992

Latest data plotted week ending: August 3, 1992
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)
To the average
of four weeks
ending:
1/6/92
2/3/92
3/2/92
4/6/92
5/4/92
6/1/92
7/6/92
8/3/92

Compounded annual rates of change, average of four weeks ending:
8/5/91
11/4/91
1/6/92
2/3/92
3/2/92
4/6/92
5/4/92
6/1/92

11.0
12.6
14.8
13.9
13.2
13.3
11.6
11.7


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Federal Reserve Bank of St. Louis

14.7
18.2
16.0
14.6
14.6
12.0
12.1

25.9
19.0
16.1
15.7
12.1
12.2

17.9
14.5
14.4
10.4
10.9

8.0
9.9
6.4
7.6

10.7
5.6
7.3

4.9
7.4

4.4

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

92
1992

Billions

May 27

Jun 10
Jui

8

Aug

5

86

84
82
80
78

5 19 3 17 31 14 28 11 25 J 23 § 20 4 18 1 15 29 12 21
Jun

Jul

Aug

Sep
1991

Oct

Nov

Dec

Jan

Feb

25 8 22 6 20 3 17 1 15 29 12 28
Mar

Apr
May
1992

Jun

Jul

Aug

Latest data plotted two weeks ending: August 5, 1992
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
8/7/91 10/30/91 1/8/92
3/4/92
4/1/92
4/29/92 6/10/92
2/5/92
periods ending:
1/8/92
2/5/92
3/4/92
4/1/92
4/29/92
6/10/92
7/8/92
8/5/92

9.6
9.1
17.1
15.8
16.5
14.7
11.8
12.2


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Federal Reserve Bank of St. Louis

7.1
21.0
18.2
18.9
16.0
11.9
12.4

40.6
28.1
26.8
20.2
13.7
14.2

40.4
34.4
23.4
15.0
15.4

14.4
9.8
3.4
5.9

11.3
2.6
5.8

-4.6
1.3

-0.7

Prepared by Federal Reserve Bank of St. Louis

76

Money Multiplier 1/
Averages of Daily Figures
Seasonally Adjusted

Ratio

Compounded annual
rates of change,
average of the four
weeks ending
August 3, 1992 from
the four weeks ending:
Aug 5, 1991 2.9
Oct 28, 1991 3.5
Feb 3, 1992 1.9
Mar 2, 1992 1.5
Mar 30, 1992 -0.3
Apr 27, 1992 1.0
Jun B, 1992 -1.2

Ratio

May 25
2.631
Aug

3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30 13 27 10 24 9 23 6 20 4 18
Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

3

2.617

15 29 13 27 10 24
Jun

Jul

Aug

1992

1991

Latest data plotted two weeks ending: August 3, 1992

Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Compounded annual
rates of change,
average of the four
weeks ending
August 3, 1992 from
the four weeks ending:
Aug 5. 1991 7.6
Nov 4, 1991 7.3
Feb 3, 1992 7.5
Mar 2, 1992 7.0
Apr 6, 1992 8.7
May 4. 1992 8.6
Jun 1, 1992 10.1

1992
Jul

Billions
277.3

6

280.0

Aug 3

3 17 1

15 29 12 26 9 23 7 21 4 18 2 16 30 13 27 10 24 9 23 6 20 4 18
Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

15 29 13 27 10 24
Jun

Jul

Aug

1992

1991
Latest data plotted week ending: August 3. 1992
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

6

Yields on Selected Securities

Percent

Percent

Averages of Doily Figures

Corporate
Aaa Bonds

Municipal Bonds

7 21 5 19 2 16 30 13 27 11 25 8 22 6 20 3 17 31 14 28 13 27 10 24 8 22 5 19
Aug

Sep
1991

Oct

Nov

Feb

Dec

Mar

Apr
May
1992

Jun

17 31 14 28
Jul

Aug

Latest data plotted are averages of rates available for the week ending: August 14, 1992

1992

90-Day
CDs

30—Day
Commercial
Paper

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

May 22
29
Jun 5
12
19
26
Jul 3
10
17
24
31
Aug 7
14 *

3.78
3.89
3.91
3.86
3.83
3.84
3.75
3.37
3.34
3.32
3.32
3.32
3.28

3.83
3.92
3.94
3.91
3.89
3.89
3.80
3.45
3.42
3.40
3.36
3.39
3.35

3.74
3.84
3.84
3.81
3.79
3.79
3.66
3.33
3.28
3.29
3.29
3.28
3.25

8.23
8.25
8.24
8.24
8.22
8.20
8.16
8.08
8.09
8.06
8.01
7.99
7.94

9.07
9.11
9.09
9.08
9.02
9.02
8.98
8.89
8.87
8.82
8.71
8.68
8.62

6.51
6.58
6.57
6.52
6.46
6.42
6.38
6.17
6.16
6.05
5.89
6.06
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 Daily Figures

Xecount Rat*

7 21 5 19 2 16 30 13 27 11 25 8 22 6 20 3 17 31 14 28 13 27 10 24 8 22
Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

31 14 28

Latest data plotted are averages of rates available for the week ending: August 14, 1992

1992
May 22
29
Jun 5
12
19
26
Jul 3
10
17
24
31
Aug 7
14 *

Federal
Funds **

3—Month
Treasury
Bill

6-Month
Treasury
Bill ***

3.89
3.80
3.85
3.69
3.73
3.72
3.87
3.24
3.28
3.22
3.18
3.33
3.24

1—Year
Treasury
Bill

5-Year
Treasury
Securities

Long-Term
Treasury
Securities

3.61
3.71
3.92
6.61
7.69
3.71
3.90
4.06
6.70
7.79
3.71
3.90
4.08
6.61
7.76
3.67
3.83
3.99
6.56
7.74
3.63
3.75
3.93
6.44
7.67
3.64
3.77
3.94
6.40
7.65
3.48
3.66
3.79
6.22
7.56
3.22
3.32
3.48
5.93
7.42
3.19
3.31
3.38
5.85
7.45
3.17
3.24
3.38
5.74
7.36
3.18
3.27
3.43
5.70
7.20
3.16
3.30
3.39
5.69
7.18
3.13
3.19
3.29
5.51
7.06
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

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

Billions of Dollars

3550

I

Billions of Dollars

2650

I

M2
1992 Billions
Jun 29 3447.4
Jul 6 3455.8

3500

M2 (left s

20 34 52.2
27 34 54.7
Aug 3 34 57.1

3*50

—-

""s

X*

2550

"■

*\

c •«-

\

s -\

s -\
\.

-M1 M

3400

2500
.

3300

l

3350

3 .1

Nc n-M1
1991 Sill

2450

...........

2400

Jun 29 2498.6
Jul 6 2496.2
13 2498.1
20 2491.2
27 2492.4
Aug 3 2490.3

3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30 13 27 10 24 9 23 6 20 4 18 1 15 29 13 27 10 24
Jun

Jul

Aug

Sep

Oct

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

1992

1991
Latest data plotted week ending: August 3, 1992

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

Compounded annual rates of change, average of four weeks ending:
4/6/92
5/4/92
6/1/92
2/3/92
3/2/92
1/6/92
8/5/91
11/4/91

ending:
1/6/92
2/3/92
3/2/92
4/6/92
5/4/92
6/1/92
7/6/92
8/3/92

2.5
2.7
3.6
2.8
2.5
2.2
1.6
1.4


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Federal Reserve Bank of St. Louis

3.5
4.9
3.3
2.7
2.3
1.5
1.3

6.9
3.5
2.5
2.0
0.9
0.7

3.2
2.0
1.5
0.3
0.2

-1.2
-0.9
-1.7
-1.5

-0.4
-1.7
-1.4

-2.1
-1.6

-2.3

Prepared by Federal Reserve Bank of St. Louis

Savings and Money Market Funds
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

IliO ------ 1—

Billions of Dollars

Savings
1992 Billions
Jun 29 1125.9
_ Jul 6 1130.0 .
13 1133.1
20 1134.8
27 1136.7
Aug 3 1137.8

Money Market (right scale)

Money Market
1992 Billions

Saving® Deposits (left scale)

Jun 29
Jul 6
13
20
27
Aug 3

352.4
348.3 —
351.8
349.4
349.7
349.1

3 17 1 15 29 12 26 J 23 7 21 1 18 2 16 30 13 27 10 24 9 23 6 20 * 18 1 15 29 13 27 10 24
Jun
Jul
Aug
Sep
Oct
Nov Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
. 1991
.
.
1992
Note: Savings deposits are at all depository institutions. Money market funds are general purpose
and broker/dealer.

Aug

Large and Small Time Deposits1'
All Depository Institutions
Averages of Daily Figures, Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Small Time
1992

Small Time (right scale)

Large Time

Billions

Jun 29
Jul 6
13
20
27
Aug 3

951.0
948.0
945.0
941.4 —
937.7
934.4

Large Time (left scale)

1992 Billions
Jun 29 395.5
Jul 6 392.9
13 392.3
20 388.8
27 386.5
Aug 3 388.2

3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30 13 27 10 24 9 23 6 20 4 18 1 15 29 13 27 10 24
Jun

Jul

Aug

Sep
1991

Oct

Nov

Dec

Jan

Feb

Mar

Apr
May
1992

Jun

Jul

Aug

Latest data plotted week ending: August 3, 1992
1/ Large time deposits are those issued in demoninations 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
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1992

Billions

_ Jul

8
15
22
29
Aug 5
_
12

5 19
Jun

Billions of Dollars

0.495
0.214
0.217
0.237
0.243
0.229

3 17 31 14 28 11 25 9 23 8 20 4 18 1 15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26
Jul

Aug

Sep
1991

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May
1992

Jun

Jul

Aug

Adjustment + Seasonal Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1992
Jul

8
15
22
29
Aug 5
12

5 19
Jun

Billions of Dollars

Billions
0.495
0.214
0.217
0.237
0.243
0.229

3 17 31 14 28 11 25 9 23 6 20 4 18 1 15 29 12 26 11 25

8 22 6 20 3 17 1 15 29 12 26

Jul

Apr

Aug

Sep
1991

Oct

Nov

Dec

Jan

Feb

Mar

May
1992

Jun

Jul

Aug

Latest data plotted week ending: August 12, 1992


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

Commercial Paper of Nonfinancial Companies

Billions of Dollars

1992

______ ______

Billions of Dollars

Not Seasonally Adjusted

Billions

142.950
_ Aug

5 139.513

5 19 3 17 31 14 28 11 25 9 23 6 20 4 1! 1 15 29 12 26 11 25
Jul

Aug

Sep

Oct

Nov

Dec

Feb

Mar

22 6 20 3 17

15 29 12 26

Apr
May
1992

Jul

Aug

Latest data plotted week ending: August 5, 1992

Commercial and Industrial Loans17
w"kiy
580

]

|

Bonk>2/
I

Compounded annual
rates of change,
average of the four
weeks ending
July 29, 1992 from
the four weeks ending
Jul 31. 1991 -8.5
Oct 30, 1991 -8.5
Jan 29 1992 -7.9
1992 -9.3
1992-11.5
Apr 29, 1992-11.8
May 27, 992-13.5

1 ' 1

5 19
Jun

1 i 1 1

i ' I 11

1992

Aug Sep

I
Billions

Jun 24 279.91
Jul 1 280.680
8 278.130
15 279.491
22 278.028
29 276.909

' 1 l *' i r~Pr*T ' i ■ I ■ i ' i*i i ■ i‘» I ■ i

3 17 31 14 21 II 25 9 23 6 210 4 H 1
Jul

Billions of Dollars

|

Oct

Nov

Dec

15 29 12 26 It 25
Jan

1991

Feb

MarApr

i ■ i i ■ i i

! 22 t 20
May

■ | i

i | ■ |■ r | i

3 17 1 15 29
Jun

Jul

12 26 '
Aua

1992

Latest data plotted week ending: July 29, 1992
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


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Federal Reserve Bank of St. Louis

11

Dollar's Trade-Weighted Exchange Index

1973=100

Averages of Daily Figures

1973=100

1992 1973=100

Aug

5 19 3 17 31 14 28 11 25 9 23 6 20 4 II 1 15 29 12 2$ 11 25 8 22 6 20 3 17
Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

5

15 2J 12 21

Jul

Aug

Latest data plotted week ending: August 12, 1992
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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